NQERR Nasdaq U.S. Large Cap Equities for Rising Rates Index

The goal of the Index is to provide relative outperformance, as compared to traditional U.S. large-cap indexes, such as the S&P 500, during periods of rising U.S. Treasury interest rates. The Index selects 50 stocks using a three step process: 1) Eleven Nasdaq sector indexes are ranked on their weekly correlation with the US 10-year Treasury yield over the previous three years. 2) Each security in the Nasdaq US 500 Large Cap Index is ranked on its weekly market-neutral correlation with the US 10-year Treasury yield over the previous three years. 3) The Index selects the top 5 securities with the highest correlation with the US 10-year Treasury yield over the previous three years from the top 5 sectors with the highest correlation with the US 10-year Treasury yield over the previous three years, for a total of 50 stocks. The five selected sectors in the Index are given the following weights based on their sector index correlation rank: #1 ranked sector 30%, #2 ranked sector 25%, #3 ranked sector 20%, #4 ranked sector 15%, #5 ranked sector 10%. The 50 securities selected for the Index are assigned an equal weight within their respective sector. The Index is rebalanced and reconstituted quarterly on the last Friday of March, June, September and December.

1,292.75
As of 05/27/2021


Index Information
Provider:     NASDAQ OMX
Category1:  US Equity
Category2:  Broad market
Category3:  Large cap
Country:      USA
Currency:    USD
Inception date:  06/29/2017
Backtesting data exists:   Yes
Weighting methodology:   Other
Number of holdings:  50
Rebalanced:  Quarterly
Reconstituted:  Quarterly
Total return version:  NQERRT


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