- What does QXQ invest in?
- QXQ is an actively managed fund that aims for capital appreciation and current income through an actively managed portfolio of Nasdaq-100 stocks and an options writing strategy. The fund invests in equity securities, options, or ETFs that seek to replicate the Nasdaq-100 Index. The equity investments may include common and preferred stocks, warrants, convertible securities, futures, forwards, and options. The fund targets an enhanced yield compared to traditional option-based strategies by selling short-term options, which typically generate more income than longer-term options over the same period. Using exposure to the value of the S&P 500 Index or other broad benchmark indices, the put-and-call options strategy selects deep out-of-the-money strike prices expiring within 1-7 days. As such, this may limit participation in potential gains if shares increase in value. The fund may hold short-term US Treasurys as collateral and engage in securities lending.
- What is the expense ratio of QXQ?
- SGI Enhanced Nasdaq 100 ETF (QXQ) charges an expense ratio of 0.98%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is QXQ?
- SGI Enhanced Nasdaq 100 ETF (QXQ) manages $49.9M 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 QXQ actively managed or an index fund?
- QXQ is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (QXQ's is 0.98%) in exchange for the discretion to over- or under-weight positions.
- When was QXQ launched?
- SGI Enhanced Nasdaq 100 ETF (QXQ) launched in May 2024 and is managed by Summit Global Investments.
- How has QXQ performed?
- QXQ'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.
