QQQE Direxion NASDAQ-100 Equal Weighted Index Shares ETF

Overview

The Direxion NASDAQ-100® Equal Weighted Index Shares seeks investment results, before fees and expenses, that track the NASDAQ-100 Equal Weighted TR Index. There is no guarantee the fund will meet its stated investment objective.

Fact Sheet  ETF Guide Prospectus

Key Features of the Fund

Key Benefits

QQQE provides equal-weight exposure to all NASDAQ-100® index holdings, allowing you an opportunity to manage risk in your portfolio through:

  • Broader diversification beyond technology sector stocks which may help reduce concentration risk
  • Greater performance contribution from companies with smaller market capitalization
  • Quarterly rebalancing for consistent equal-weighting, after regular market fluctuations

The Strategy at Work

Performance contribution in market weighted indexes such as the S&P 500 Index or NASDAQ-100 Index is typically driven by a small number of very large companies with market caps that are considerably higher than the average. Most of the other stocks in the index are typically below the average weight of the index.

By contrast the NASDAQ-100 Equal Weighted Index allots the same weight, or importance, to each stock in the index. The result is a potentially more diversified performance contribution from the individual companies, and sectors that are in the index.

The NASDAQ-100 Equal Weighted TR Index (NETR) vs. the NASDAQ-100 (XNDX) Index

Top Ten Holdings (%) NETR  XNDX
APPLE INC 1.00 13.37
MICROSOFT CORP 1.00 8.47
GOOGLE INC-CL C 1.00 8.03
INTEL CORP 1.00 3.82
GILEAD SCIENCES INC 1.00 3.57
FACEBOOK INC-A 1.00 3.53
AMAZON.COM INC 1.00 3.30
CISCO SYSTEMS INC 1.00 2.86
QUALCOMM 1.00 2.78
COMCAST CORP-CLASS A 1.00 2.56

 

Bottom Ten Holdings (%) NETR XNDX
HENRY SCHEIN INC 1.00 0.22
C.H. ROBINSON WORLDWIDE INC 1.00 0.22
LIBERTY GLOBAL PLC-A 1.00 0.20
F5 NETWORKS INC 1.00 0.20
CATAMARAN CORP 1.00 0.19
MAXIM INTEGRATED PRODUCTS 1.00 0.19
TRACTOR SUPPLY COMPANY 1.00 0.19
EXPEDITORS INTL WASH INC 1.00 0.18
STAPLES INC 1.00 0.17
LIBERTY MEDIA CORP – A 1.00 0.11

All data as of 9/30/2014 and is subject to change.

Target Index

Target Index 

The NASDAQ-100 Equal Weighted TR Index (NETR) includes 100 of the largest non-financial securities listed on NASDAQ®, but instead of being weighted by market capitalization, each of the constituents is initially set at 1.00%. The index is reviewed and adjusted annually in December, but replacements may be made any time throughout the year. The index is rebalanced quarterly in March, June, September and December. One cannot directly invest in an Index.

Sector Weightings

Below is a comparison of the sectors of the NASDAQ-100 Equal Weighted Index (NETR) to the NASDAQ-100 (XNDX). 

Sector Weightings (%) XNDX NETR Difference
Information Technology 60.00 41.87 18.13
Consumer Discretionary 18.02 28.74 -10.72
Health Care 14.74 13.69 1.05
Consumer Staples 4.35 5.82 -1.47
Industrials 1.58 5.72 -4.14
Telecommunication Services 0.95 2.85 -1.90
Materials 0.36 1.31 -0.95

All data as of 09/30/2014 and is subject to change.

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Daily Holdings

Fund Symbol QQQE
Bloomberg Index Symbol NETR
CUSIP 25459Y207
ISIN US25459Y2072
Gross Expense Ratio 1.58%
Net Expense Ratio 0.35%*
Inception Date Mar 21, 2012

Pricing and Performance

Price Information
NAVs and market price information as of November 24, 2014

Ticker Fund Name NAV NAV Change $ NAV Change % Market Price Closing Market Price Closing Change($) Market Price Closing Change(%) Premium / Discount
QQQE Direxion NASDAQ-100® Equal Weighted Index Shares 63.59 0.48 0.76 63.60 0.46 0.73 0.01

Performance
NAVs and market price information as of November 24, 2014

All data as of 10/31/2014
Ticker Fund Name   1 Mo % 3 Mo % YTD % 1 YR % 3 YR % 5 YR % 10 YR % Since Inception Inception Date Expense Ratio* (Gross/Net %)
QQQE Direxion NASDAQ-100® Equal Weighted Index Shares NAV 3.21 6.70 14.67 21.35 19.06 1.58 / 0.35*
Market Close 3.12 6.55 14.66 21.08 19.06
All data as of 9/30/2014
Ticker Fund Name   1 Mo % 3 Mo % YTD % 1 YR % 3 YR % 5 YR % 10 YR % Since Inception Inception Date Expense Ratio* (Gross/Net %)
QQQE Direxion NASDAQ-100® Equal Weighted Index Shares NAV -1.35 2.81 11.10 20.18 18.27 1.58 / 0.35*
Market Close -1.21 2.88 11.19 20.47 18.31

* The Net Expense Ratio includes management fee and other operating expenses, but does not include indirect expenses such as Acquired Fund Fees and Expenses, leveraged interest and brokerage commissions. The Fund’s advisor, Rafferty Asset Management, LLC has entered into an Operating Expense Limitation Agreement with the Fund. Under this agreement, Rafferty has contractually agreed to cap all or a portion of its management fee and/or reimburse the Fund for Other Expense through September 1, 2015 to the extent that the Fund’s Total Annual Fund Operating Expenses exceed 0.35%

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate. An investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Returns for performance under one year are cumulative, not annualized. For the most recent month-end performance please visit the funds website at www.direxioninvestments.com.

Short-term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes. For additional information, see the fund’s prospectus.

Distributions

Ticker Fund Name Record Date Ex Date Pay Date Income Dividend Short-Term Capital Gain Long-Term Capital Gain
QQQE Direxion NASDAQ-100® Equal Weighted Index Shares 0.08727
QQQE Direxion NASDAQ-100® Equal Weighted Index Shares 0.08312
QQQE Direxion NASDAQ-100® Equal Weighted Index Shares 0.2349
QQQE Direxion NASDAQ-100® Equal Weighted Index Shares 0.1764
QQQE Direxion NASDAQ-100® Equal Weighted Index Shares 0.0292
QQQE Direxion NASDAQ-100® Equal Weighted Index Shares 0.09619
QQQE Direxion NASDAQ-100® Equal Weighted Index Shares 0.07965
QQQE Direxion NASDAQ-100® Equal Weighted Index Shares 0.33101
QQQE Direxion NASDAQ-100® Equal Weighted Index Shares 0.22653