large-Cap
Invesco QQQ ETF
Become an agent of innovation
New ways to access the innovators of Nasdaq
Invest in NASDAQ 100 and NASDAQ Next Gen 100 portfolios with Invesco.
Decades of strong large-cap performance
Broad equity markets and growth stocks in particular have performed well over the past 20 years. The NASDAQ-100 Index has:
- Beaten both the S&P 500 and Russell 1000 Growth Indexes during that period
- Outperformed by providing access to leading growth companies at the forefront of innovation1
[1] Bloomberg L.P, S&P and FactSet - Nasdaq 100 companies on average spend 10.4% of sales on R&D, as compared to 5.9% of sales in the S&P 500 as of April 16, 2020
Source: Bloomberg L.P., Data for total returns from March 10, 1999 through September 30, 2020. The above chart is presented for the purpose of illustrating the long-term performance of large-cap growth markets versus the broader market over time. The starting time period was selected based on the inception of the oldest product in the Invesco QQQ innovation suite. QQQ has an existing performance record, which can be found here. QQQM, QQQJ and the Invesco Nasdaq 100 Index Fund are new funds, therefore they have no performance. Index performance is not indicative of Fund performance, nor is it an indication of how a Fund could or will perform. An investment cannot be made directly into an Index. Past performance is not a guarantee of future results.
QQQJ: Exposure to mid-cap Nasdaq innovators
If you like access to the NASDAQ-100, you now have the opportunity to invest in the next generation of innovation. Invesco NASDAQ Next Gen 100 ETF tracks the NASDAQ Next Generation 100 Index, composed of non-financial companies that:
- Are ranked 101 to 200 by market cap
- May have potential to one day join the NASDAQ-100
Explore the Invesco QQQ innovation suite
Find the product that best meets your needs
| Invesco QQQ | Invesco NASDAQ 100 ETF | Invesco NASDAQ 100 Index Fund | Invesco NASDAQ Next Gen 100 ETF | |
|---|---|---|---|---|
| Ticker | QQQ | QQQM | IVNQX (R6 Shares) | QQQJ |
| Structure | Unit Trust ETF | ETF | Mutual Fund | ETF |
| Expense Ratio | 0.20% | 0.15% | 0.29%1 | 0.15% |
| Underlying Index | NASDAQ-100 Index | NASDAQ-100 Index | NASDAQ-100 Index | NASDAQ Next Generation 100 Index® |
| Inception Date | 3/10/1999 | 10/13/2020 | 10/13/2020 | 10/13/2020 |
| For Investors Seeking | Exposure to the NASDAQ-100 through the 2nd most traded ETF1 | Low fee ETF access to the NASDAQ-100 | The ability to access the NASDAQ-100 through a mutual fund | Exposure to mid-cap Nasdaq innovators |
| View QQQ product details | View QQQM product details | View IVNQX product details | View QQQJ product details |
[1] Net = total annual operating expenses less any contractual management fee waivers in effect through at least Dec. 31, 2021. Gross Expense Ratio is 0.78%. See the current prospectus for more information.
Class R6 Shares are primarily intended for retirement plans and shareholders of omnibus intermediaries that meet certain standards and for institutional investors. See the prospectus for more information.
Important Information
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[1] Source: Bloomberg L.P., in the US based on average daily volume traded, as of September 30, 2020.
Since ordinary brokerage commissions apply for each buy and sell transaction, frequent trading activity may increase the cost of ETFs.
Investors should be aware of the material differences between mutual funds and ETFs. ETFs generally have lower expenses than actively managed mutual funds due to their different management styles. Most ETFs are passively managed and are structured to track an index, whereas many mutual funds are actively managed and thus have higher management fees. Unlike ETFs, actively managed mutual funds have the ability react to market changes and the potential to outperform a stated benchmark. Since ordinary brokerage commissions apply for each ETF buy and sell transaction, frequent trading activity may increase the cost of ETFs. ETFs can be traded throughout the day, whereas, mutual funds are traded only once a day. While extreme market conditions could result in illiquidity for ETFs. Typically they are still more liquid than most traditional mutual funds because they trade on exchanges. Unit trusts have a stated expiration date based on what investment in the portfolio and generally make one public offering of a fixed number of units. In some cases, a secondary market is maintained allowing existing unit holders to sell their units and for new investors to buy units. Investors should talk with their financial professional regarding their situation before investing.
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About Risk:
ETFs:
There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The Fund’s return may not match the return of the Underlying Index. The Fund is subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the Fund.
Investments focused in a particular sector, such as information technology, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.
QQQM & QQQJ
The risks of investing in securities of foreign issuers can include fluctuations in foreign currencies, political and economic instability, and foreign taxation issues.
The Fund is non-diversified and may experience greater volatility than a more diversified investment.
QQQJ
Stocks of medium-sized companies tend to be more vulnerable to adverse developments, may be more volatile, and may be illiquid or restricted as to resale.
Invesco NASDAQ 100 Index Fund:
In general, stock values fluctuate, sometimes widely, in response to activities specific to the company as well as general market, economic and political conditions.
Derivatives may be more volatile and less liquid than traditional investments and are subject to market, interest rate, credit, leverage, counterparty and management risks. An investment in a derivative could lose more than the cash amount invested.
The Fund may become “non-diversified,” as defined under the Investment Company Act of 1940, as amended, solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Index. Shareholder approval will not be sought when the Fund crosses from diversified to non-diversified status under such circumstances.
Investments focused in a particular sector, such as technology, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.
The risks of investing in securities of foreign issuers can include fluctuations in foreign currencies, political and economic instability, and foreign taxation issues.
Unlike many investment companies, the Fund does not utilize an investing strategy that seeks returns in excess of its Underlying Index. Therefore, the Fund would not necessarily buy or sell a security unless that security is added or removed, respectively, from its Underlying Index, even if that security generally is underperforming.
The NASDAQ-100 Index is comprised of 100 of the largest non-financial companies on the Nasdaq.
The NASDAQ Next Generation 100 Index is comprised of the next generation of non-financial companies on Nasdaq; that is, the largest 100 companies outside of the NASDAQ-100 Index.
The Russell 1000® Growth Index measures the performance of the largecap growth segment of the US equity universe.
An investor cannot invest directly in an index. The results assume that no cash was added to or assets withdrawn from an Index. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown.
The sponsor of the Nasdaq-100 TrustSM, a unit investment trust, is Invesco Capital Management LLC (Invesco). NASDAQ, Nasdaq-100 Index, Nasdaq-100 Index Tracking Stock and QQQ are trade/service marks of The Nasdaq Stock Market, Inc. and have been licensed for use by Invesco, QQQ's sponsor. NASDAQ makes no representation regarding the advisability of investing in QQQ and makes no warranty and bears no liability with respect to QQQ, the Nasdaq-100 Index, its use or any data included therein.
The Invesco NASDAQ 100 ETF is not sponsored, endorsed, sold or promoted by the NASDAQ OMX Group, Inc. or its affiliates (NASDAQ OMX, with its affiliates, are referred to as the "Corporations"). The Corporations have no liability in connection with the administration, marketing or trading of the Invesco NASDAQ QQQ ETF. "NASDAQ®" is a registered trademark and is used under license.
The Invesco NASDAQ Next Gen 100 ETF is not sponsored, endorsed, sold or promoted by the NASDAQ OMX Group, Inc. or its affiliates (NASDAQ OMX, with its affiliates, are referred to as the "Corporations"). The Corporations have no liability in connection with the administration, marketing or trading of the Invesco NASDAQ Next Gen 100 ETF. "NASDAQ®" is a registered trademark and is used under license.
The Invesco NASDAQ 100 Index Fund is not sponsored, endorsed, sold or promoted by the NASDAQ OMX Group, Inc. or its affiliates (NASDAQ OMX, with its affiliates, are referred to as the "Corporations"). The Corporations have no liability in connection with the administration, marketing or trading of the Invesco NASDAQ 100 Index Fund. "NASDAQ®" is a registered trademark and is used under license.