QQEW vs. RAFE ETF Comparison

Comparison of First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW) to PIMCO RAFI ESG U.S. ETF (RAFE)

QQEW

First Trust NASDAQ-100 Equal Weighted Index Fund

QQEW Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ-100 Equal Weighted Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The NASDAQ-100 Equal Weighted Index(SM) is the equal-weighted version of the NASDAQ-100 Index(R) which includes 100 of the largest non-financial securities listed on NASDAQ(R) based on market capitalization. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$125.44

Average Daily Volume

66,025

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

RAFE

PIMCO RAFI ESG U.S. ETF

RAFE Description

The investment seeks to provide total return that closely corresponds, before fees and expenses, to the total return of the RAFI ESG US Index. The fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its total assets in the component securities of the RAFI ESG US Index. The underlying index is constructed by RAFI Indices, LLC using a rules-based approach within publicly traded U.S. equities to create an integrated ESG strategy which overweights companies that rate well across various ESG themes and excludes companies with a major involvement in industries such as tobacco, gaming, weapons and fossil fuels.

Grade (RS Rating)

Last Trade

$36.62

Average Daily Volume

4,397

Number of Holdings ^*

235

* may have additional holdings in another (foreign) market

Performance

Period	QQEW	RAFE
30 Days	5.36%	3.68%
60 Days	5.94%	6.55%
90 Days	-0.16%	2.98%
12 Months	19.91%	26.88%

44 Overlapping Holdings

Symbol	Grade	Weight in QQEW	Weight in RAFE	Overlap
AAPL	D	0.98%	5.24%	0.98%
ADBE	F	0.97%	0.52%	0.52%
ADI	C	1.01%	0.33%	0.33%
ADP	A	0.98%	0.35%	0.35%
AMAT	C	1.08%	0.78%	0.78%
AMD	B	1.06%	0.06%	0.06%
AMGN	D	0.93%	1.01%	0.93%
AVGO	B	1.03%	1.06%	1.03%
BIIB	F	0.96%	0.27%	0.27%
CDNS	D	0.99%	0.09%	0.09%
CDW	D	1.0%	0.1%	0.1%
CMCSA	C	1.01%	1.23%	1.01%
CSCO	A	1.0%	2.21%	1.0%
CTSH	C	1.01%	0.15%	0.15%
EA	D	1.02%	0.22%	0.22%
FAST	C	1.0%	0.07%	0.07%
GEHC	C	1.01%	0.24%	0.24%
GILD	A	0.98%	0.76%	0.76%
ILMN	B	0.99%	0.06%	0.06%
INTC	D	1.08%	2.15%	1.08%
ISRG	D	0.99%	0.1%	0.1%
KDP	C	0.99%	0.13%	0.13%
KHC	F	0.98%	0.18%	0.18%
KLAC	B	1.05%	0.21%	0.21%
LIN	D	1.01%	0.98%	0.98%
MAR	A	1.01%	0.2%	0.2%
MCHP	F	1.03%	0.06%	0.06%
MDLZ	D	0.99%	0.27%	0.27%
META	B	1.0%	1.0%	1.0%
MRVL	B	0.98%	0.09%	0.09%
MSFT	D	0.98%	4.62%	0.98%
MU	C	1.19%	0.79%	0.79%
NFLX	C	1.0%	0.06%	0.06%
NVDA	B	1.05%	0.74%	0.74%
ON	F	1.04%	0.09%	0.09%
ORLY	A	1.03%	0.02%	0.02%
PAYX	B	0.98%	0.09%	0.09%
PEP	F	0.98%	0.25%	0.25%
PYPL	A	1.03%	0.47%	0.47%
QCOM	D	1.01%	1.33%	1.01%
SNPS	F	1.0%	0.06%	0.06%
TMUS	A	1.01%	0.34%	0.34%
TSLA	C	1.05%	0.29%	0.29%
TXN	C	1.02%	0.69%	0.69%

QQEW Overweight 57 Positions Relative to RAFE

Symbol	Grade	Weight
PDD	B	1.28%
LRCX	D	1.08%
ASML	F	1.06%
ARM	C	1.06%
BKNG	B	1.04%
NXPI	F	1.03%
GFS	F	1.02%
TTWO	D	1.01%
ADSK	C	1.01%
DASH	C	1.01%
LULU	D	1.01%
CPRT	B	1.0%
CTAS	C	1.0%
ANSS	D	1.0%
SBUX	C	1.0%
DLTR	F	1.0%
MNST	D	1.0%
HON	C	1.0%
MELI	D	0.99%
TTD	A	0.99%
TEAM	C	0.99%
VRSK	D	0.99%
IDXX	D	0.99%
FTNT	B	0.99%
ODFL	F	0.99%
CEG	B	0.99%
WBD	D	0.99%
WDAY	D	0.98%
PCAR	C	0.98%
ZS	F	0.98%
ROP	D	0.98%
ROST	D	0.98%
EXC	C	0.98%
COST	D	0.98%
DDOG	B	0.98%
PANW	B	0.98%
VRTX	D	0.98%
AZN	D	0.98%
XEL	C	0.98%
AMZN	C	0.98%
MDB	F	0.97%
ABNB	C	0.97%
AEP	D	0.97%
INTU	F	0.97%
CSX	D	0.96%
MRNA	F	0.96%
CCEP	D	0.96%
DXCM	F	0.95%
CHTR	D	0.95%
BKR	B	0.95%
CSGP	F	0.95%
CRWD	C	0.93%
FANG	C	0.92%
REGN	F	0.9%
SMCI	F	0.87%
GOOGL	C	0.49%
GOOG	C	0.49%

QQEW Underweight 191 Positions Relative to RAFE

Symbol	Grade	Weight
JPM	C	-2.84%
JNJ	D	-2.73%
C	B	-2.4%
PG	D	-2.33%
PFE	C	-2.15%
T	B	-1.91%
WFC	B	-1.73%
MRK	F	-1.6%
IBM	A	-1.54%
VZ	C	-1.48%
BMY	B	-1.48%
ABBV	C	-1.47%
HD	A	-1.45%
GM	C	-1.43%
ORCL	B	-1.22%
CI	D	-1.12%
LOW	B	-0.97%
ELV	F	-0.93%
ABT	B	-0.93%
MMM	C	-0.92%
TGT	D	-0.92%
KO	D	-0.91%
F	F	-0.88%
DIS	D	-0.82%
ACN	B	-0.8%
V	C	-0.79%
LLY	D	-0.66%
GS	B	-0.65%
MA	B	-0.61%
BAC	B	-0.59%
MET	A	-0.57%
HPQ	B	-0.56%
HPE	B	-0.54%
DD	C	-0.52%
DOW	B	-0.51%
UNH	C	-0.49%
AXP	A	-0.48%
NEM	C	-0.47%
ALL	D	-0.46%
DE	C	-0.46%
BBY	C	-0.46%
UPS	D	-0.44%
NKE	D	-0.44%
DHR	D	-0.44%
JCI	C	-0.41%
CRM	B	-0.39%
TJX	D	-0.39%
PRU	B	-0.39%
CVS	B	-0.37%
EBAY	A	-0.35%
FDX	F	-0.34%
CARR	A	-0.33%
CL	D	-0.33%
WM	D	-0.33%
GIS	C	-0.31%
HUM	F	-0.3%
ADM	F	-0.3%
APD	A	-0.3%
WDC	C	-0.3%
CBRE	C	-0.29%
IP	C	-0.29%
MCK	F	-0.28%
BDX	C	-0.28%
FIS	A	-0.28%
CCI	D	-0.25%
WELL	C	-0.25%
KMB	D	-0.25%
ITW	C	-0.24%
WY	C	-0.23%
NTAP	B	-0.23%
HIG	C	-0.22%
CAH	B	-0.22%
ECL	C	-0.22%
FI	A	-0.2%
SYY	D	-0.2%
EIX	C	-0.2%
PGR	C	-0.2%
VTR	C	-0.19%
EQIX	C	-0.19%
STT	A	-0.19%
PPG	D	-0.18%
AMT	D	-0.18%
JLL	C	-0.18%
JNPR	B	-0.17%
AMP	A	-0.17%
IRM	C	-0.16%
MSI	A	-0.16%
OC	B	-0.16%
BAX	F	-0.16%
PFG	B	-0.16%
PARA	F	-0.16%
WHR	C	-0.16%
MOS	F	-0.16%
BK	A	-0.15%
LUMN	C	-0.15%
VFC	B	-0.15%
CMI	A	-0.15%
CNC	F	-0.14%
ARW	C	-0.14%
DVA	C	-0.14%
K	A	-0.14%
EL	D	-0.14%
BALL	D	-0.14%
A	C	-0.14%
SHW	C	-0.13%
ZTS	D	-0.13%
AVB	D	-0.13%
GWW	B	-0.13%
DG	F	-0.13%
CF	B	-0.13%
EQR	D	-0.13%
KSS	D	-0.13%
MCO	D	-0.13%
IFF	C	-0.12%
AWK	D	-0.12%
OMC	C	-0.12%
FOXA	B	-0.12%
EW	F	-0.12%
TPR	C	-0.11%
PKG	B	-0.11%
SWK	C	-0.11%
HLT	A	-0.11%
TSCO	A	-0.1%
FITB	C	-0.1%
TER	C	-0.1%
OTIS	A	-0.1%
COR	F	-0.1%
KEYS	C	-0.09%
SPGI	C	-0.09%
HOLX	D	-0.09%
WAT	C	-0.09%
HCA	D	-0.09%
HST	D	-0.09%
SYK	D	-0.09%
PVH	F	-0.09%
GAP	F	-0.09%
DELL	B	-0.09%
AVT	B	-0.08%
WBA	F	-0.08%
LEA	F	-0.08%
SJM	F	-0.08%
BSX	A	-0.08%
TROW	D	-0.07%
AKAM	C	-0.07%
HUN	B	-0.07%
USFD	C	-0.07%
PLD	F	-0.07%
SOLV	C	-0.07%
LKQ	F	-0.07%
DOX	B	-0.07%
GPC	F	-0.07%
TSN	D	-0.06%
MAA	D	-0.06%
LNC	C	-0.06%
VTRS	D	-0.06%
CAG	D	-0.06%
WAB	A	-0.05%
FL	F	-0.05%
HAS	A	-0.05%
MHK	C	-0.05%
HSIC	D	-0.05%
CPB	D	-0.05%
XRX	D	-0.05%
GT	F	-0.05%
NTRS	B	-0.05%
CHD	D	-0.05%
DGX	D	-0.05%
DXC	B	-0.05%
HSY	F	-0.05%
NWSA	D	-0.04%
ESS	D	-0.04%
OGN	F	-0.04%
KD	C	-0.04%
ROK	C	-0.04%
CTVA	B	-0.04%
DOV	C	-0.04%
EQH	B	-0.04%
M	F	-0.03%
MAN	D	-0.03%
AAP	F	-0.03%
NWL	F	-0.03%
NDAQ	C	-0.03%
GEN	A	-0.03%
KIM	C	-0.03%
FLEX	B	-0.03%
RSG	D	-0.03%
WU	D	-0.03%
AGCO	D	-0.03%
O	C	-0.02%
ANET	A	-0.02%
HRL	F	-0.01%