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About Invesco Top QQQ ETF
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Inception date
Dec 4, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
ISIN
US46090A6718
QBIG is actively managed to capture the performance of the top 45% of companies from the Nasdaq-100 based on market cap. The fund aims to achieve this through investment in total return swaps, as well as through direct investment in the equity securities of the indexs constituents. The equity component is done through an equity sleeve, which invests the funds assets in proportion to their weightings in the index. Adjustments are made based on market conditions, research, and the weightings of the companies in the index. At the same time, it also employs the use of total return swaps to satisfy certain diversification and other requirements to qualify for favorable tax treatment as a regulated investment company. Each sleeve may hold around 50% of the funds assets. Since the funds portfolio will be highly concentrated, it will only hold a small number of stocks, and no single company weight may exceed 35% of the index.
Related funds
Classification
What's in the fund
Exposure type
Electronic Technology
Technology Services
Corporate
Mutual fund
Stock breakdown by region
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
QBIG assets under management is 37.55 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
QBIG invests in bonds. See more details in our Analysis section.
QBIG expense ratio is 0.29%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, QBIG isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, QBIG doesn't pay dividends to its holders.
QBIG shares are issued by Invesco Ltd.
QBIG follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Dec 4, 2024.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.