QQQM ETF: A Guide to Invesco NASDAQ 100 ETF

Overview

Invesco NASDAQ 100 ETF (QQQM) is a US-domiciled, USD-traded equity ETF with a clear technology-heavy profile. Its supplied portfolio data show strong exposure to a small number of large companies, while its displayed costs are 0.15% and its dividend yield is 0.429%. For Australian investors, the main considerations include concentration, equity-market movements and currency exposure.

Category

QQQM provides exposure to a portfolio dominated by large US companies, with technology at its centre and additional exposure to communication services and consumer-related businesses. This creates a growth-oriented profile, but also means the fund is not a broad representation of every sector or market.

QQQM’s supplied profile reflects a US-equity portfolio whose results are strongly influenced by technology and a small number of large holdings. The reported returns have been positive across the supplied year-to-date, one-, three- and five-year periods, although past performance does not establish future results.

Key facts

Ticker

QQQM

Exchange

US

ISIN

US46138G6492

Provider

Invesco

Domicile

USA

Currency

USD

Inception date

2020-10-13

UCITS

No

Holdings count

50

Costs

TER

0.15%

Net expense ratio

0.15%

AUM

111.7B

The supplied total expense ratio and net expense ratio are both 0.15%. These ongoing fund costs are reflected in fund performance; brokerage, currency conversion and other transaction costs may also apply when investing from Australia.

Performance

YTD

21.7%

1 year

23.8%

3 years

29.3%

5 years

16.0%

10 years

0.0%

Dividend yield

0.43%

Top 10 concentration

47.0%

Holdings

1. NVIDIA Corporation8.75%

   Ticker

   NVDA

   Sector

   Technology

   Country

   United States

2. Apple Inc.6.95%

   Ticker

   AAPL

   Sector

   Technology

   Country

   United States

3. Microsoft Corporation5.90%

   Ticker

   MSFT

   Sector

   Technology

   Country

   United States

4. Micron Technology Inc4.80%

   Ticker

   MU

   Sector

   Technology

   Country

   United States

5. Advanced Micro Devices Inc4.48%

   Ticker

   AMD

   Sector

   Technology

   Country

   United States

6. Amazon.com Inc3.95%

   Ticker

   AMZN

   Sector

   Consumer Cyclical

   Country

   United States

7. Meta Platforms Inc.3.40%

   Ticker

   META

   Sector

   Communication Services

   Country

   United States

8. Alphabet Inc Class A2.88%

   Ticker

   GOOGL

   Sector

   Communication Services

   Country

   United States

9. Space Exploration Technologies Corp. Class A Common Stock3.05%

   Ticker

   SPCX

   Sector

   Industrials

   Country

   United States

10. Tesla Inc2.83%

    Ticker

    TSLA

    Sector

    Consumer Cyclical

    Country

    United States

Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.

The portfolio has a pronounced technology tilt, with technology accounting for 58.621% of assets. Its largest displayed positions are NVIDIA (8.752%), Apple (6.951%), Microsoft (5.899%), Micron Technology (4.798%) and Advanced Micro Devices (4.477%). The ten largest holdings together represent 46.991% of the fund, leaving performance meaningfully exposed to a relatively small group of companies.

Regions

• North America101.4%
• Europe Developed0.9%

• Latin America0.4%

• Asia Emerging0.2%

• United Kingdom0.2%

• Japan0.0%

• Australasia0.0%

• Asia Developed0.0%

• Europe Emerging0.0%

• Africa/Middle East0.0%

Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.

Asset allocation

• Stock US97.7%

• Stock non-US2.5%

• Cash0.1%

• Bond0.0%

• Other0.0%

• NotClassified0.0%

Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.

Sectors

• Technology58.6%

• Communication Services12.3%

• Consumer Cyclicals9.9%

• Consumer Defensive5.7%

• Industrials5.2%

• Healthcare3.5%

• Utilities1.0%

• Basic Materials0.9%

• Energy0.4%

• Financial Services0.2%

Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.

Related ETFs

A useful comparison is how QQQM’s technology weighting and large positions in a handful of companies differ from broader or more evenly weighted equity funds. QQQ and QQQJ are related Invesco funds that may also provide context when comparing Nasdaq-oriented strategies.

Risks

Who it may suit

QQQM may interest investors researching concentrated exposure to US-listed growth companies, especially technology businesses, who are comfortable with the risks that come with large-company and sector concentration. Its low supplied dividend yield may be less relevant to investors prioritising income. This is general information, not personal financial advice.

Key risks

The portfolio’s substantial technology exposure and 46.991% top-ten concentration may amplify the effect of setbacks among major holdings or within the sector. Its non-diversified designation, as stated in the supplied fund description, is another reason not to assume broad-market risk dispersion. As a US-domiciled ETF traded in USD, it may also involve currency and cross-border investing considerations for Australian investors. Values and exposures can change.

FAQ