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First Trust NASDAQ-100 Equal Wtd ETF QQEW

Morningstar Medalist Rating
Medalist Rating as of | See First Trust Investment Hub

Morningstar’s Analysis QQEW

Will QQEW outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable QQEW’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the QQEW management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of QQEW’s parent organization’s priorities and whether they’re in line with investors’ interests.

A lowering of its Process Pillar rating is the primary driver of First Trust NASDAQ-100 Equal Wtd ETF's downgrade to a Morningstar Medalist Rating of Neutral from Silver.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings QQEW

More QQEW Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 12.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Moderna Inc

1.58 32.9 Mil
Healthcare

Constellation Energy Corp

1.37 28.5 Mil
Utilities

Micron Technology Inc

1.37 28.4 Mil
Technology

PDD Holdings Inc ADR

1.25 26.1 Mil
Consumer Cyclical

Qualcomm Inc

1.24 25.8 Mil
Technology

The Trade Desk Inc Class A

1.21 25.3 Mil
Technology

NVIDIA Corp

1.19 24.8 Mil
Technology

Analog Devices Inc

1.17 24.4 Mil
Technology

AstraZeneca PLC ADR

1.16 24.3 Mil
Healthcare

Keurig Dr Pepper Inc

1.16 24.2 Mil
Consumer Defensive