Trust II Invesco NASDAQ 100 ETF

Invesco Nasdaq 100 ETF (QQQM) is a lower-cost companion fund to Invesco QQQ Trust, created specifically for long-term, buy-and-hold investors who do not need QQQ's heavy trading volume or options liquidity. It was launched to give cost-conscious investors the same underlying exposure as QQQ but with a reduced annual expense ratio.

What does Invesco Nasdaq 100 ETF track? 

QQQM tracks the same Nasdaq-100 Index as QQQ, a modified market-capitalisation-weighted index of 100 of the largest non-financial companies listed on Nasdaq-affiliated exchanges. The index methodology, including its quarterly rebalancing and annual December reconstitution, is identical across both funds; the structural differences relate to expense ratio and trading characteristics rather than index construction.

What does Invesco Nasdaq 100 ETF hold?

QQQM's portfolio composition mirrors QQQ, with holdings concentrated in technology, communication services, and consumer discretionary companies, since the underlying Nasdaq-100 excludes financial-sector firms by design. Healthcare and industrials make up smaller secondary allocations, reflecting the sector make-up of the largest Nasdaq-listed non-financial businesses at any given time.

Invesco Nasdaq 100 ETF Investment strategy

QQQM follows the same passive, full-replication approach as QQQ, holding the Nasdaq-100 constituents in their index-determined proportions. Because it was designed as a buy-and-hold share class, QQQM does not target the active-trading or options-market liquidity that QQQ provides; instead, its strategy is built around minimising holding costs for investors who plan to stay invested over multi-year horizons.