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.
Morningstar Rating ™
Overall Rating - Large Growth CategoryAs of 03/31/2021 the Fund had an overall rating of N/A stars out of 1,186 funds and was rated N/A stars out of 1,186 funds, N/A stars out of 1,065 funds and N/A stars out of 788 funds for the 3-, 5- and 10- year periods, respectively.
Source: Morningstar Inc. Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. Open-end mutual funds and exchange-traded funds are considered a single population for comparison purposes. Ratings are calculated for funds with at least a three year history. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable, excluding sales charges and including fees and expenses. ©2021 Morningstar Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. Ratings are subject to change monthly. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Ratings for other share classes may differ due to different performance characteristics.
Average Annual Returns (%)
Incept. Date |
Max Load (%) |
Since Incept. (%) |
YTD (%) | 1Y (%) | 3Y (%) | 5Y (%) | 10Y (%) | |
---|---|---|---|---|---|---|---|---|
NAV | 10/13/2020 | N/A | 8.37 | 1.46 | N/A | 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 | 8.37 | 1.46 | N/A | N/A | N/A | N/A |
Load | 10/13/2020 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Annualized Benchmark Returns
Index Name | 1 Mo (%) | 3 Mo (%) | 1Y (%) | 3Y (%) | 5Y (%) | 10Y (%) |
---|---|---|---|---|---|---|
NASDAQ- 100 IX | 1.47 | 1.76 | 68.88 | 27.01 | 25.22 | 20.18 |
NASDAQ- 100 IX | 1.47 | 1.76 | 68.88 | 27.01 | 25.22 | 20.18 |
NASDAQ- 100 IX | 1.47 | 1.76 | 68.88 | 27.01 | 25.22 | 20.18 |
NASDAQ- 100 IX | 1.47 | 1.76 | 68.88 | 27.01 | 25.22 | 20.18 |
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 | 0.63 |
Interest/Dividend Exp | 0.00 |
Total Other Expenses | 0.63 |
Acquired Fund Fees and Expenses (Underlying Fund Fees & Expenses) | 0.00 |
Total Annual Fund Operating Expenses | 0.78 |
Contractual Waivers/Reimbursements | -0.49 |
Net Expenses - PER PROSPECTUS | 0.29 |
Additional Waivers/Reimbursements | 0.00 |
Net Expenses - With Additional Fee Reduction | 0.29 |
Historical Prices
Date | Net Asset Value ($) | Public Offering Price ($) |
---|---|---|
{{histTableData.rateDate | date : 'MM/dd/yyyy'}} | {{histTableData.netAssetValue | numberValue}} | {{histTableData.offeringPrice | numberValue}} |
Distributions
Capital Gains | Reinvestment Price ($) |
|||
---|---|---|---|---|
Ex-Date | Income | Short Term | Long Term | |
{{distribution.rateDate | date : 'MM/dd/yyyy'}} | {{distribution.dividendFactor | numberValue:4:'N/A'}} | {{distribution.capGainsFactorShort | numberValue:4:'N/A'}} | {{distribution.capGainsFactorLong | numberValue:4:'N/A'}} | {{distribution.reinvestmentPrice | numberValue:3:'N/A'}} |
Fund Characteristics
3-Year Alpha | N/A |
3-Year Beta | N/A |
3-Year R-Squared | N/A |
Number of Securities | N/A |
Total Assets | $3,103,635.00 |
Wghtd Med Mkt Cap MM$ | $259,968.00 |
Source: Bloomberg LP,StyleADVISOR
Benchmark: N/A
Fund Documents
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 which 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 classified as “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 off-setting
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.
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.