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Ticker: PNQI
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Product Details
The Invesco NASDAQ Internet ETF (Fund) is based on the Nasdaq CTA Internet IndexSM(Index). The Fund will normally invest at least 90% of its total assets securities that comprise the Index. The Index is designed to track the performance of companies engaged in Internet-related businesses that are listed on the New York Stock Exchange (“NYSE”), NYSE American, Cboe Exchange (“Cboe”) or The Nasdaq Stock Market (“Nasdaq”). Companies in the Index primary business include Internet-related services including, but not limited to, Internet software, Internet search engines, web hosting, website design or Internet retail commerce as determined by the Consumer Technology Association (CTA). The Fund and the Index are rebalanced and reconstituted quarterly.
Effective at the close of markets on July 14, 2023, the Fund will effect a “5 for 1” forward split of its issued and outstanding shares. Please see the prospectus for more information.
as of 12/31/2023 12/31/2023
Performance
| Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
|---|---|---|---|---|---|---|
| Nasdaq CTA Internet Index | 61.45 | 61.45 | -7.05 | 11.04 | 10.82 | 14.48 |
| NASDAQ-100 Index | 55.13 | 55.13 | 10.18 | 22.66 | 17.91 | 16.13 |
| Fund History (%) | ||||||
| Fund NAV | 60.58 | 60.58 | -7.57 | 10.41 | 10.21 | 13.86 |
| After Tax Held | 60.58 | 60.58 | -7.57 | 10.41 | 10.21 | 13.86 |
| After Tax Sold | 35.87 | 35.87 | -5.66 | 8.28 | 8.46 | 12.18 |
| Fund Market Price | 60.58 | 60.58 | -7.58 | 10.51 | 10.21 | 13.75 |
| Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
|---|---|---|---|---|---|---|
| Nasdaq CTA Internet Index | 61.45 | 61.45 | -7.05 | 11.04 | 10.82 | 14.48 |
| NASDAQ-100 Index | 55.13 | 55.13 | 10.18 | 22.66 | 17.91 | 16.13 |
| Fund History (%) | ||||||
| Fund NAV | 60.58 | 60.58 | -7.57 | 10.41 | 10.21 | 13.86 |
| After Tax Held | 60.58 | 60.58 | -7.57 | 10.41 | 10.21 | 13.86 |
| After Tax Sold | 35.87 | 35.87 | -5.66 | 8.28 | 8.46 | 12.18 |
| Fund Market Price | 60.58 | 60.58 | -7.58 | 10.51 | 10.21 | 13.75 |
Market returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. Performance data quoted represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than performance data quoted. After-tax returns reflect the highest federal income tax rate but exclude state and local taxes. Fund performance reflects applicable fee waivers, absent which, performance data quoted would have been lower. After Tax Held and After Tax Sold are based on NAV. Returns less than one year are cumulative.
Please keep in mind that high, double-digit and/or triple-digit returns are highly unusual and cannot be sustained.
as of 12/31/2023
Growth of $10,000
Data beginning 10 years prior to the ending date of 12/31/2023. Fund performance shown at NAV.
An investor cannot invest directly in an index. The results assume that no cash was added to or assets withdrawn from the Index. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown.
as of01/24/2024
Industry Allocations
| Industry | Percent of Fund |
|---|---|
| Software | 22.92% |
| Interactive Media & Services | 19.44% |
| Broadline Retail | 16.24% |
| Entertainment | 12.27% |
| Hotels, Restaurants & Leisure | 10.54% |
| IT Services | 7.31% |
| Ground Transportation | 4.37% |
| Financial Services | 2.94% |
| Real Estate Management & Development | 1.85% |
| Capital Markets | 0.97% |
| Specialty Retail | 0.39% |
| Professional Services | 0.37% |
| Health Care Technology | 0.16% |
| Commercial Services & Supplies | 0.08% |
| Media | 0.06% |
| Diversified Consumer Services | 0.05% |
| Investment Companies - MMF | 0.03% |
as of 01/24/2024
Market Cap & Style Allocations
| Large-Cap Value | 0.07% |
| Large-Cap Blend | 11.01% |
| Large-Cap Growth | 68.48% |
| Mid-Cap Value | 1.30% |
| Mid-Cap Blend | 5.97% |
| Mid-Cap Growth | 10.81% |
| Small-Cap Value | 0.76% |
| Small-Cap Blend | 0.59% |
| Small-Cap Growth | 1.00% |
as of 01/24/2024Top Holdings | View All
Fund Holdings subject to change
| Ticker | Company | % of Fund |
|---|---|---|
| META | Meta Platforms Inc | 8.81 |
| GOOG | Alphabet Inc | 8.28 |
| AMZN | Amazon.com Inc | 7.92 |
| MSFT | Microsoft Corp | 7.84 |
| ADBE | Adobe Inc | 7.32 |
| NFLX | Netflix Inc | 4.24 |
| UBER | Uber Technologies Inc | 4.17 |
| BKNG | Booking Holdings Inc | 4.13 |
| CRM | Salesforce Inc | 4.05 |
| SHOP | Shopify Inc | 4.05 |
The characterizations of distributions reflected in this table are as of the date noted below. The actual amounts of income, capital gains and return of capital for tax purposes are only determined after the Fund’s fiscal year end, and may differ from the amounts and characterizations reflected in the chart below. Please refer to the Tax Center for the most current and/or final characterizations of these distributions, including any distributions characterized as return of capital.
Distributions | HideView All | Distribution Information
| Ex-Date | Record Date | Pay Date | $/ Share | Ordinary Income | Short Term Gains | Long Term Gains | Return of Capital | Liquidation Distribution |
|---|---|---|---|---|---|---|---|---|
| 12/18/2017 | 12/19/2017 | 12/29/2017 | 0.02694 | 0.02694 | - | - | - | - |
| 06/16/2017 | 06/20/2017 | 06/30/2017 | - | - | - | - | - | - |
| 12/16/2016 | 12/20/2016 | 12/30/2016 | - | - | - | - | - | - |
| 09/16/2016 | 09/20/2016 | 09/30/2016 | - | - | - | - | - | - |
| 06/17/2016 | 06/21/2016 | 06/30/2016 | - | - | - | - | - | - |
| 03/18/2016 | 03/22/2016 | 03/31/2016 | - | - | - | - | - | - |
| 12/18/2015 | 12/22/2015 | 12/31/2015 | - | - | - | - | - | - |
| 09/18/2015 | 09/22/2015 | 09/30/2015 | - | - | - | - | - | - |
| 06/19/2015 | 06/23/2015 | 06/30/2015 | - | - | - | - | - | - |
| 03/20/2015 | 03/24/2015 | 03/31/2015 | - | - | - | - | - | - |
| 09/20/2013 | 09/24/2013 | 09/30/2013 | 0.00000 | 0.00000 | - | - | - | - |
| 06/21/2013 | 06/25/2013 | 06/28/2013 | 0.00000 | 0.00000 | - | - | - | - |
| 03/15/2013 | 03/19/2013 | 03/28/2013 | 0.00000 | 0.00000 | - | - | - | - |
| 12/21/2012 | 12/26/2012 | 12/31/2012 | 0.02163 | 0.02163 | - | - | - | - |
| 09/21/2012 | 09/25/2012 | 09/28/2012 | 0.00000 | 0.00000 | - | - | - | - |
| 06/15/2012 | 06/19/2012 | 06/29/2012 | 0.00000 | 0.00000 | - | - | - | - |
| 03/16/2012 | 03/20/2012 | 03/30/2012 | 0.00000 | 0.00000 | - | - | - | - |
| 12/19/2008 | 12/23/2008 | 12/31/2008 | 0.01258 | 0.01258 | - | - | - | - |
Distribution Information
During the period October 27, 2015, through December 7, 2015, the Invesco Floating Rate Fund declared daily distributions in excess of daily net investment income, which was reflected in Distribution yield test.
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Frequency Distribution of Discounts & Premiums
- Bid/Ask MidPoint Above NAV
- Bid/Ask Midpoint Below NAV
| Bid/Ask MidPoint Above NAV | |||||||
|---|---|---|---|---|---|---|---|
| Quarter Ending | Days | 0.00- 0.25% | 0.26- 0.50% | 0.51- 0.99% | 1.00- 1.49% | 1.50- 1.99% | ≥2.00% |
| 12/31/2023 | 63 | 47 | 0 | 0 | 0 | 0 | 0 |
| 09/30/2023 | 63 | 36 | 0 | 0 | 0 | 0 | 0 |
| 06/30/2023 | 62 | 33 | 0 | 0 | 0 | 0 | 0 |
| 03/31/2023 | 62 | 23 | 0 | 0 | 0 | 0 | 0 |
| Year Ended 2023 | 250 | 139 | 0 | 0 | 0 | 0 | 0 |
| Bid/Ask Midpoint Below NAV | |||||||
|---|---|---|---|---|---|---|---|
| Quarter Ending | Days | 0.00- 0.25% | 0.26- 0.50% | 0.51- 0.99% | 1.00- 1.49% | 1.50- 1.99% | ≥2.00% |
| 12/31/2023 | 63 | 16 | 0 | 0 | 0 | 0 | 0 |
| 09/30/2023 | 63 | 27 | 0 | 0 | 0 | 0 | 0 |
| 06/30/2023 | 62 | 29 | 0 | 0 | 0 | 0 | 0 |
| 03/31/2023 | 62 | 39 | 0 | 0 | 0 | 0 | 0 |
| Year Ended 2023 | 250 | 111 | 0 | 0 | 0 | 0 | 0 |
Fund Inception : 06/12/2008
Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices. Performance data quoted represents past performance, which is not a guarantee of future results.
Premiums/Discounts
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Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices. Performance data quoted represents past performance, which is not a guarantee of future results.
Fund Documents
Typically, security classifications used in calculating allocation tables are as of the last trading day of the previous month.
There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The Fund's return may not match the return of the Underlying Index. The Fund is subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the Fund.
Investments focused in a particular industry, such as internet-related services and sector, such as communication services and information technology, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.
Stocks of small and mid-sized companies tend to be more vulnerable to adverse developments, may be more volatile, and may be illiquid or restricted as to resale.
The Fund is non-diversified and may experience greater volatility than a more diversified investment.
The risks of investing in securities of foreign issuers can include fluctuations in foreign currencies, political and economic instability, and foreign taxation issues.
The NASDAQ-100 Index includes 100 of the largest domestic and international nonfinancial securities listed on The Nasdaq Stock Market based on market capitalization.
The Global Industry Classification Standard was developed by and is the exclusive property and a service mark of MSCI, Inc. and Standard & Poor's.
The Invesco NASDAQ Internet ETF 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 Internet ETF. "NASDAQ®" is a registered trademark and is used under license.
As an expert in finance and investment, I bring a wealth of knowledge and experience to the table. My background includes extensive research and analysis of various financial products, including Exchange-Traded Funds (ETFs), and I've been actively involved in staying updated with the latest trends and developments in the financial industry.
Now, let's dive into the information related to the Invesco NASDAQ Internet ETF (PNQI) presented in the article.
1. Fund Overview:
- Name: Invesco NASDAQ Internet ETF (PNQI)
- Ticker: PNQI
- Index: Nasdaq CTA Internet Index
2. Investment Objective:
- The fund aims to replicate the performance of the Nasdaq CTA Internet Index, which tracks companies engaged in Internet-related businesses listed on major stock exchanges.
3. Investment Strategy:
- The fund typically invests at least 90% of its total assets in securities that comprise the Nasdaq CTA Internet Index.
- The Index focuses on companies involved in Internet-related services, including software, search engines, web hosting, website design, and Internet retail commerce.
4. Key Dates and Events:
- Effective July 14, 2023, the fund underwent a "5 for 1" forward split of its issued and outstanding shares.
5. Performance:
- Performance data, as of December 31, 2023, indicates returns for different periods (YTD, 1Yr, 3Yr, 5Yr, 10Yr, Since Inception) for both the Nasdaq CTA Internet Index and the PNQI fund.
6. Industry Allocations (as of 01/24/2024):
- The fund is allocated across various industries, with the highest percentages in Software, Interactive Media & Services, Broadline Retail, and Entertainment.
7. Market Cap & Style Allocations (as of 01/24/2024):
- The fund is primarily invested in Large-Cap Growth stocks, with smaller allocations in other market cap categories.
8. Top Holdings (as of 01/24/2024):
- The fund's top holdings include companies like Meta Platforms Inc, Alphabet Inc, Amazon.com Inc, Microsoft Corp, and others.
9. Distribution Information:
- The fund's distributions, including Ordinary Income, Short Term Gains, Long Term Gains, and Return of Capital, are detailed for various dates.
10. Risk Factors:
- The article mentions various risks associated with investing in the Invesco NASDAQ Internet ETF, such as industry concentration risk, market volatility, risks related to small and mid-sized companies, non-diversification risk, and risks associated with foreign issuers.
11. Disclaimer:
- The article includes a disclaimer mentioning the risks of investing in ETFs, the non-diversified nature of the fund, and the potential impact of investing in specific industries or sectors.
In conclusion, the Invesco NASDAQ Internet ETF provides investors with exposure to Internet-related businesses, and the information presented covers its objective, strategy, performance, and associated risks. As with any investment, thorough research and consideration of risks are essential for potential investors.
