ETF PROFILE · NASDAQ-100
QQQ — Invesco QQQ ETF
QQQ tracks the Nasdaq-100 Index, giving exposure to the 100 largest non-financial companies listed on Nasdaq. Its portfolio is growth-heavy and meaningfully influenced by large technology and innovation-oriented businesses.
Fund data verified September 29, 2026 · Educational research
Fund Snapshot
- Issuer: Invesco
- Index: Nasdaq-100
- Expense ratio: 0.18%
- Inception: March 10, 1999
- AUM: about $489.84B (Aug. 31, 2026)
- Rebalanced: Quarterly; index reconstituted annually
OVERVIEW
What QQQ Is Designed to Do
QQQ seeks to track the Nasdaq-100 Index. The index excludes financial companies and is heavily influenced by large growth-oriented businesses, particularly in technology and communications-related industries.
This creates a materially different exposure from a broad U.S. market fund. QQQ can participate strongly when its dominant growth sectors lead, but that same concentration can increase volatility when those sectors fall out of favor.
Selected Large Holdings
NVIDIA: 8.51% (Aug. 31, 2026)
Apple: 7.41%
Microsoft: 6.00%
Holdings change over time and are not recommendations.
Growth Tilt
QQQ has historically carried strong exposure to large growth and innovation-oriented companies.
Concentration
Its largest positions and sector mix can drive returns more strongly than in a broader market index.
Cost
QQQ’s total expense ratio is 0.18% following its 2025 structural modernization.
RISK
What Could Go Wrong?
QQQ is not a broad-market substitute in the strict sense. Its methodology excludes financial companies and its sector concentration can produce larger drawdowns when technology and growth stocks decline.
- Technology/growth concentration
- Valuation sensitivity
- Higher volatility than broader indexes in some periods
- No financial-sector exposure by index design
- No principal protection
Primary source: Invesco QQQ ETF. Holdings and AUM change over time; date-stamped figures should be rechecked before reliance.