Equity | US Equity

Invesco NASDAQ 100 Index Fund

Class R6

Class R6

  • Class R6
Ticker: IVNQX
Explore new ways to access the innovators of Nasdaq

Objective & Strategy

The Fund seeks to track the investment results, before fees and expenses, of the Index.

Consider an industry leader to index your large cap growth option in your Defined Contribution plan

  • Access innovators of Nasdaq: The NASDAQ 100 Index Fund seeks to track the investment results, before fees and expenses, of the NASDAQ-100 Index® which includes 100 of the largest Nasdaq-listed non-financial companies.
  • Low 0.29% management: Available as a mutual fund that may be appropriate for fee-sensitive DC plan sponsors and advisors who want a US large growth equity index option in their investment menu.1
  • Tenured portfolio management team: The Fund’s portfolio management team also oversees the industry leading Invesco QQQ ETF with more than $80B in AUM.
  • Growth focused: The NASDAQ-100 Index has outperformed both S&P 500® and the Russell 1000 Growth indexes by providing access to leading large-cap growth companies at the forefront of innovation.

Source: Bloomberg L.P., Data for total returns from March 10, 1999 through September 30, 2020. This data is intended to illustrate 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 Invesco QQQ ETF, the oldest Invesco product tracked by the NASDAQ-100 Index. QQQ has an existing performance record, which can be found here. The Invesco Nasdaq 100 Index Fund is a new fund, therefore it has no full-year performance to report as of the most recent quarter-end. 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.

1 Net expense ratio shown. See “Expense Ratio per Prospectus” section on Performance Tab1 Net expense ratio shown. See “Expense Ratio per Prospectus” section on Performance Tab for Gross Expenses and relevant fee waiver information.

Management team

as of 10/31/2022

Top Equity Holdings | View all

  % of Total Assets
Apple 13.92
Microsoft 9.78
Amazon 5.89
Tesla 4.00
Alphabet 'C' 3.30
Alphabet 'A' 3.20
Nvidia 2.67
PepsiCo 2.35
Costco Wholesale 2.08
Meta Platforms 'A' 1.80

May not equal 100% due to rounding.

Holdings are subject to change and are not buy/sell recommendations.

as of 10/31/2022 09/30/2022

Average Annual Returns (%)

  Incept.
Date
Max
Load (%)
Since
Incept. (%)
YTD (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
NAV 10/13/2020 N/A -2.14 -29.34 -27.24 N/A N/A N/A
Load 10/13/2020 N/A N/A N/A N/A N/A N/A N/A
NAV 10/13/2020 N/A -4.17 -32.07 -24.52 N/A N/A N/A
Load 10/13/2020 N/A N/A N/A N/A N/A N/A N/A

Performance quoted is past performance and cannot guarantee comparable future results; current performance may be lower or higher. Investment return and principal value will vary so that you may have a gain or a loss when you sell shares.
 

Class R6 shares have no sales charge; therefore, performance is at NAV. Class R6 shares are closed to most investors. Please see the prospectus for more details.

Performance figures reflect reinvested distributions and changes in net asset value (NAV) and the effect of the maximum sales charge unless otherwise stated.

as of 10/31/2022 09/30/2022

Annualized Benchmark Returns


Index Name 1 Mo (%) 3 Mo (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
NASDAQ-100 Total Return Index (USD) 4.01 -11.72 -27.46 13.08 13.84 17.01
NASDAQ-100 Total Return Index (USD) 4.01 -11.72 -27.46 13.08 13.84 17.01
NASDAQ- 100 IX -10.55 -4.42 -24.72 13.21 13.95 15.91
NASDAQ- 100 IX -10.55 -4.42 -24.72 13.21 13.95 15.91

Source: Bloomberg LP

Source: Bloomberg LP

An investment cannot be made directly in an index.

Expense Ratio per Prospectus

Management Fee 0.15
12b-1 Fee N/A
Other Expenses 5.15
Interest/Dividend Exp N/A
Total Other Expenses 5.15
Acquired Fund Fees and Expenses (Underlying Fund Fees & Expenses) 0.01
Total Annual Fund Operating Expenses 5.31
Contractual Waivers/Reimbursements -5.01
Net Expenses - PER PROSPECTUS 0.30
Additional Waivers/Reimbursements N/A
Net Expenses - With Additional Fee Reduction 0.30
This information is updated per the most recent prospectus.

Historical Prices

 
No history records found for this date range
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Distributions

From   to
    Capital Gains Reinvestment
Price ($)
Ex-Date Income Short Term Long Term
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as of 10/31/2022

Sector Breakdown

Holdings % of Total Net Assets
CASH/OTHER 2.29
Communication Services 14.51
Consumer Discretionary 15.15
Consumer Staples 6.91
Health Care 7.27
Industrials 3.66
Information Technology 48.80
Utilities 1.40

May not equal 100% due to rounding.

The holdings are organized according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of Morgan Stanley Capital International Inc. and Standard & Poor's.

as of 10/31/2022

Asset Mix

Holdings % of Total Net Assets
Common Stocks 98.04
Cash 2.53

May not equal 100% due to rounding.

as of 10/31/2022

Fund Characteristics

3-Year Alpha N/A
3-Year Beta N/A
3-Year R-Squared N/A
Number of Securities 103
Total Assets $11,031,075.00
Wghtd Med Mkt Cap MM$ $190,399.00

Source: Bloomberg LP,StyleADVISOR

Benchmark:  NASDAQ-100 Total Return Index (USD)

as of 10/31/2022

Top Equity Holdings | View all

  % of Total Assets
Apple 13.92
Microsoft 9.78
Amazon 5.89
Tesla 4.00
Alphabet 'C' 3.30
Alphabet 'A' 3.20
Nvidia 2.67
PepsiCo 2.35
Costco Wholesale 2.08
Meta Platforms 'A' 1.80

May not equal 100% due to rounding.

Holdings are subject to change and are not buy/sell recommendations.

as of 10/31/2022

Top Countries

  % of Total Assets
United States 95.91
China 0.99
Brazil 0.43
Netherlands 0.38
United Kingdom 0.33

May not equal 100% due to rounding.

as of 10/31/2022

Top Industries

  % of Total Assets
Technology Hardware, Storage & Peripherals 13.92
Semiconductors 11.44
Systems Software 11.21
Interactive Media & Services 8.54
Internet & Direct Marketing Retail 6.94
Application Software 5.15
Biotechnology 4.94
Automobile Manufacturers 4.22
Soft Drinks 3.33
Data Processing & Outsourced Services 2.86

May not equal 100% due to rounding.

The holdings are organized according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of Morgan Stanley Capital International Inc. and Standard & Poor's.

About risk

As with any mutual fund investment, loss of money is a risk of investing. An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. The risks associated with an investment in the Fund can increase during times of significant market volatility. The principal risks of investing in the Fund are:

Market Risk. The market values of the Fund’s investments, and therefore the value of the Fund’s shares, will go up and down, sometimes rapidly or unpredictably. Market risk may affect a single issuer, industry or section of the economy, or it may affect the market as a whole. The value of the Fund’s investments may go up or down due to general market conditions that are not specifically related to the particular issuer, such as real or perceived adverse economic conditions, changes in the general outlook for revenues or corporate earnings, changes in interest or currency rates, regional or global instability, natural or environmental disasters, widespread disease or other public health issues, war, acts of terrorism or adverse investor sentiment generally. Individual stock prices tend to go up and down more dramatically than those of certain other types of investments, such as bonds. During a general downturn in the financial markets, multiple asset classes may decline in value. When markets perform well, there can be no assurance that specific investments held by the Fund will rise in value.

Index Risk. 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 to or removed from, respectively, the Underlying Index, even if that security generally is underperforming. Additionally, the Fund generally rebalances its portfolio in accordance with the Underlying Index, and, therefore, any changes to the Underlying Index’s rebalance schedule will typically result in corresponding changes to the Fund’s rebalance schedule.

Industry Concentration Risk. In following its methodology, the Underlying Index from time to time may be concentrated to a significant degree in securities of issuers operating in a single industry or group of industries. To the extent that the Underlying Index concentrates in the securities of issuers in a particular industry or group of industries, the Fund will also concentrate its investments to approximately the same extent. By concentrating its investments in an industry or group of industries, the Fund faces more risks than if it were diversified broadly over numerous industries or groups of industries. Such industry-based risks, any of which may adversely affect the companies in which the Fund invests, may include, but are not limited to, legislative or regulatory changes, adverse market conditions and/or increased competition within the industry or group of industries. In addition, at times, such industry or group of industries may be out of favor and underperform other industries, groups of industries or the market as a whole.

Technology Sector Risk. Technology companies are subject to intense competition, rapid obsolescence of their products, issues with obtaining financing or regulatory approvals, product incompatibility, changing consumer preferences, increased government scrutiny, high required corporate capital expenditure for research and development or infrastructure and development of new products, each of which make the prices of securities issued by these companies more volatile. Technology companies are also heavily dependent on patent and other intellectual property rights, and the loss or impairment of these rights may adversely affect the company’s profitability.

Non-Diversification Risk. Under the Investment Company Act of 1940 (1940 Act), a fund designated as “diversified” must limit its holdings such that the securities of issuers which individually represent more than 5% of its total assets must in the aggregate represent less than 25% of its total assets. The Fund is “diversified” for purposes of the 1940 Act. However, in seeking to track its Underlying Index, the Fund may be “non-diversified,” as defined in the 1940 Act, solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Underlying Index. A non-diversified fund can invest a greater portion of its assets in the obligations or securities of a small number of issuers or any single issuer than a diversified fund can. In such circumstances, a change in the value of one or a few issuers’ securities will therefore affect the value of the Fund more than if it was a diversified fund.

Depositary Receipts Risk. Investing in depositary receipts involves the same risks as direct investments in foreign securities. In addition, the underlying issuers of certain depositary receipts are under no obligation to distribute shareholder communications or pass through any voting rights with respect to the deposited securities to the holders of such receipts. The Fund may therefore receive less timely information or have less control than if it invested directly in the foreign issuer.

Derivatives Risk. The value of a derivative instrument depends largely on (and is derived from) the value of an underlying security, currency, commodity, interest rate, index or other asset (each referred to as an underlying asset). In addition to risks relating to the underlying assets, the use of derivatives may include other, possibly greater, risks, including counterparty, leverage and liquidity risks. Counterparty risk is the risk that the counterparty to the derivative contract will default on its obligation to pay the Fund the amount owed or otherwise perform under the derivative contract. Derivatives create leverage risk because they do not require payment up front equal to the economic exposure created by holding a position in the derivative. As a result, an adverse change in the value of the underlying asset could result in the Fund sustaining a loss that is substantially greater than the amount invested in the derivative or the anticipated value of the underlying asset, which may make the Fund’s returns more volatile and increase the risk of loss. Derivative instruments may also be less liquid than more traditional investments and the Fund may be unable to sell or close out its derivative positions at a desirable time or price. This risk may be more acute under adverse market conditions, during which the Fund may be most in need of liquidating its derivative positions. Derivatives may also be harder to value, less tax efficient and subject to changing government regulation that could impact the Fund’s ability to use certain derivatives or their cost. Derivatives strategies may not always be successful. For example, derivatives used for hedging or to gain or limit exposure to a particular market segment may not provide the expected benefits, particularly during adverse market conditions.

Risks of Futures Contracts. The volatility of futures contracts prices has been historically greater than the volatility of stocks and bonds. The liquidity of the futures market depends on participants entering into offsetting transactions rather than making or taking delivery. To the extent participants decide to make or take delivery, liquidity in the futures market could be reduced. Positions in futures contracts involve the posting of margin by the Fund in order to initiate futures contracts trading. Futures positions are also marked to market each day, requiring variation margin payments to be paid to or by the Fund. If the Fund has insufficient cash, it may have to sell securities from its portfolio in order to meet margin requirements, and at times when it is disadvantageous to do so. The risk of a position in a futures contract may be very large compared to the relatively low level of margin the Fund is required to deposit, such that futures contracts entail substantial leverage risk. In addition, futures exchanges often impose a maximum permissible price movement on each futures contract for each trading session. The Fund may be disadvantaged if it is prohibited from executing a trade outside the daily permissible price movement.

Non-Correlation Risk. The Fund’s return may not match the return of the Underlying Index for a number of reasons. For example, the Fund incurs operating expenses not applicable to the Underlying Index, and incurs costs in buying and selling securities, especially when rebalancing and reconstituting the Fund’s securities holdings to reflect changes in the composition of the Underlying Index. In addition, the performance of the Fund and the Underlying Index may vary due to asset valuation differences and differences between the Fund’s portfolio and the Underlying Index resulting from legal restrictions, costs or liquidity constraints.