Invesco QQQ Trust, Series 1

Frequently Asked Questions About QQQ

What does QQQ invest in?

Managed by Invesco, the Invesco QQQ Trust, Series 1 functions as an exchange-traded fund (ETF) that commenced operations on March 10, 1999. Its design specifically aims to replicate the overall financial performance, encompassing both capital appreciation and dividend income, of the NASDAQ-100 Index.

What is the expense ratio of QQQ?

Invesco QQQ Trust, Series 1 (QQQ) charges an expense ratio of 0.18%. This is the annual fee deducted from fund assets to cover management and operations.

How big is QQQ?

Invesco QQQ Trust, Series 1 (QQQ) manages $485.91B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is QQQ actively managed or an index fund?

QQQ is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (QQQ's is 0.18%) because there's no security selection cost.

When was QQQ launched?

Invesco QQQ Trust, Series 1 (QQQ) launched in March 1999 and is managed by Invesco.

How has QQQ performed?

QQQ's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.