Nasdaq-100 Dorsey Wright Momentum ETF - QQQA Nasdaq-100 Dorsey Wright Momentum ETF

ProShares Nasdaq-100 Dorsey Wright Momentum ETF seeks investment results, before fees and expenses, that track the performance of the Nasdaq-100 Dorsey Wright Momentum Index.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) is the first ETF focusing on select Nasdaq-100 stocks identified as having the greatest potential to outperform.

  • QQQA is the only ETF providing investors access to a strategy identifying the top-performing companies in the bellwether Nasdaq-100 index.
  • Dorsey Wright, a recognized leader in momentum investing, selects the 21 leading Nasdaq-100 stocks based on a proprietary “Relative Strength” signal.
  • Learn more about ProShares Nasdaq-100 Dorsey Wright Momentum EFT (QQQA).
  • Watch Simeon Hyman and Dorsey Wright's Jay Gragnani explain how QQQA works and where it fits in a portfolio.
  • Listen to “Gaining Perspective” for a look under the hood of the strategy behind QQQA.
  • Read “Momentum: Unlocking the Full Outperformance Potential of the Nasdaq-100” to explore the case for momentum and why it is a potentially compelling strategy for seeking outperformance.

Index/Benchmark Summary

The Nasdaq-100 Dorsey Wright Momentum Index, which is constructed and maintained by Dorsey, Wright & Associates, LLC, consists of 21 securities from the Nasdaq-100 index with the highest price momentum as determined by Dorsey Wright. The Nasdaq-100 includes 100 of the largest domestic and international non-financial companies listed on the Nasdaq Stock Market based on market capitalization.

Dorsey Wright defines high price momentum stocks as those stocks whose price has appreciated more than others over a specified period. Dorsey Wright ranks each stock in the Nasdaq-100 index based on relative performance in accordance with its proprietary “Relative Strength” momentum measure. The 21 stocks ranked highest are selected into the index at reconstitution and assigned equal weights.

The index is reconstituted each January, April, July, and October. The weightings of each security in the index may fluctuate between reconstitution dates.

Fundamentals as of 6/30/21

Total Number of Companies 21
Price/Earnings Ratio 31.21
Price/Book Ratio 5.65
Dividend Yield *(%) 0.91
Average Index Market Capitalization $178.66 billion

Index Holdings Information as of 6/30/21

Top 10 Index Companies Weight
IDEXX LABORATORIES INC 5.98%
ASML HOLDING NV-NY REG SHS 5.19%
CINTAS CORP 5.16%
ALPHABET INC-CL A 5.12%
ALIGN TECHNOLOGY INC 4.91%
APPLIED MATERIALS INC 4.88%
SKYWORKS SOLUTIONS INC 4.84%
KRAFT HEINZ CO/THE 4.84%
TESLA INC 4.78%
CDW CORP/DE 4.74%

Index Holdings as of 6/30/21

Index Sector Weightings § Weight
Information Technology 51.22%
Consumer Discretionary 13.42%
Health Care 10.89%
Communication Services 9.84%
Consumer Staples 9.46%
Industrials 5.16%

§ Sum of weightings may not equal 100% due to rounding.