Invesco QQQ Trust (QQQ) is an exchange-traded fund designed to track the performance of the Nasdaq-100 Index, which includes the largest non-financial companies listed on Nasdaq. The ETF is managed by Invesco Ltd. and trades under the ticker QQQ on Nasdaq.

Classified as an equity ETF focused on U.S. growth and technology companies listed on Nasdaq, QQQ seeks to reflect, before fees and expenses, the aggregated performance of the companies included in the Nasdaq-100 Index.

The fund follows a passive management strategy, maintaining a portfolio structured to replicate the composition and weighting of its benchmark index, with periodic adjustments aligned with benchmark reviews.

The Nasdaq-100 Index is weighted by market capitalization and includes rules designed to limit excessive concentration in individual securities. The index excludes financial-sector companies and maintains significant exposure to U.S. technology mega caps.

Diversification and sector exposure

QQQ provides concentrated exposure to large-cap companies, with a strong presence in innovation-driven sectors. Its sector composition primarily includes:

• Information technology.
• Communication services.
• Consumer discretionary.
• Health care.
• Industrials.

This profile makes the ETF more sensitive to economic growth dynamics, technological advances, and innovation cycles in the U.S. market.

Structure and costs

Shares of QQQ are traded on the secondary market, while creation and redemption of shares are carried out by authorized participants, a mechanism that helps keep the trading price close to the fund’s net asset value (NAV).

The fund charges a management fee determined by the sponsor and does not impose a performance fee, in line with standard practices for passively managed ETFs. QQQ has a single share class and trades exclusively under the ticker QQQ.

History and evolution of the ETF

The Invesco QQQ Trust was launched in 1999, during a period of expansion in the ETF industry and rapid growth among U.S. technology and internet companies.

Since inception, the fund has been used by investors seeking concentrated exposure to the growth segment and major U.S. technology companies.

In recent years, QQQ has reflected developments related to artificial intelligence, Federal Reserve monetary policy cycles, performance concentration among technology mega caps, and volatility across the growth segment of the U.S. equity market.

Additional Information

Invesco QQQ Trust (United States) is an exchange-traded fund (ETF), with assets under management totaling $496.10 billion.

Over the past 12 months, Invesco QQQ Trust recorded a return of 27.24%, with its price trading between $558.28 and $746.16 during the same period.

The ETF is traded under the ticker QQQ.