PNQI
Invesco NASDAQ Internet ETF
Invesco NASDAQ Internet Portfolio seeks investment results that correspond generally to the price and yield of the NASDAQ Internet Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
841.0 M
ASSETS UNDER MGMT
60 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 12, 2008 |
| Assets (mns) | $841 |
| Expense ratio | 60 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| AMAZON.COM INC | 8.6 % |
| META PLATFORMS INC | 8.1 % |
| ALPHABET INC. CLASS C | 7.9 % |
| APPLE INC | 7.3 % |
| MICROSOFT CORP | 7.3 % |
| SALESFORCE.COM INC | 4.7 % |
| BOOKING HOLDINGS INC. | 4.5 % |
| NETFLIX INC | 4.4 % |
| WALT DISNEY CO/THE | 4.3 % |
| SHOPIFY, INC. CLASS A | 4.0 % |
Constituent Breakdown
| Number of holdings | 78 |
| Herfindahl-Hirschman Index | 450 |
| Wgt avg mkt cap (mns) | $1,045,750 |
| Large cap (>$10bn) | 96.7% |
| Mid cap ($2-10bn) | 2.9% |
| Small cap (<$2bn) | 0.4% |
| Developed mkts. | 89.9% |
| Emerging mkts. | 10.2% |
Country Exposure
 |
UNITED STATES | 82.5 % |
 |
CHINA | 4.4 % |
 |
CANADA | 4.3 % |
 |
LUXEMBOURG | 2.7 % |
 |
ARGENTINA | 2.7 % |
 |
SINGAPORE | 1.3 % |
 |
SOUTH KOREA | 1.1 % |
 |
ISRAEL | 0.6 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 29.1% | 35.7% | -38.0% | -40.9% | -19.5% | -3.9% | 4.5% | Volatility | 18.1% | 17.7% | 22.5% | 29.9% | 29.2% | 25.0% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.11 | 13% |
| MSCI EAFE | 0.81 | 7% |
| MSCI Emg Mkts | 0.43 | 2% |
Liquidity Measures
| Avg. volume (000) | 75 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.05% |
| ADV of underlying (mns) | $51,311 |
Technical Indicators
| Recent close | $47.02 |
| 30d moving avg. | $47.70 |
| Annualized volatility | 53.4% |
| Relative strength (RSI) | 55 |
| Short interest (ETF) | 4.1% |
| Short interest (underlying) | 3.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. PNQI |
Expenses vs. PNQI |
ALTAR Score™ vs. PNQI |
|---|---|---|---|---|
| FDN | First Trust Dow Jones Internet Index Fund | 47.9% | -8 bp | +0.8% |
| FDND | FT Vest Dow Jones Internet & Target Income ETF | 47.9% | +15 bp | +0.6% |
| TMFC | Motley Fool 100 Index ETF | 37.8% | -10 bp | +1.4% |
| DANA | Dana Unconstrained Equity ETF | 37.4% | -10 bp | -0.1% |
| RND | First Trust Bloomberg R&D Leaders ETF | 37.3% | 0 bp | +1.2% |
| LGRO | Level Four Large Cap Growth Active ETF | 37.1% | -5 bp | +1.8% |
| FDTX | Fidelity Disruptive Technology ETF | 36.8% | -10 bp | +0.4% |
| GGRW | Gabelli Growth Innovators ETF | 36.6% | +30 bp | +0.3% |
| LCF | Touchstone US Large Cap Focused ETF | 36.6% | +9 bp | +1.9% |
| FELG | Fidelity Enhanced Large Cap Growth ETF | 36.3% | -42 bp | +2.2% |
Risk and Returns: PNQI vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/18/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
PNQI
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
PNQI
2.3%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. PNQI's ALTAR Score™ is approximately
1.3 standard deviations
below
the category average. This places PNQI in the 10st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PNQISELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| PNQI (60 bp) Percentile rank | 66 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| PNQI | 60.0 | 4.9 | 64.9 |
| Peer Avg. | 44.0 | 16.8 | 60.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .