It has to be equal weighted to its benchmark, and therefore no costly research is used in the daily operation of the fund.

FORBES: Active Money Management Gets Back Their MoJo

The modified equal weighted portfolio is rebalanced and reconstituted quarterly.

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According to the ETF Finder at ETF Channel, SHLD and SBAC collectively make up 1.96% of the Direxion NASDAQ-100 Equal Weighted Index Shares ETF (QQQE) which is lower by about 0.4% on the day Friday.

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