ATLANTA, March 11, 2019 /PRNewswire/ -- Invesco Ltd.
(NYSE: IVZ) today celebrates the 20th anniversary of
Invesco QQQ, its top-performing large-cap growth ETF that tracks
the innovative companies included in the NASDAQ-100 Index. Launched
on March 10, 1999, QQQ offers
investors access to global growth companies, excluding the
securities of financial companies. QQQ is the sixth largest ETF
listed in the US with $66 billion in
assets under management[i] and has one of the longest performance
histories available in an ETF.
"Invesco is proud of the 20 years of innovation that have been
marshalled through the Invesco QQQ and the access it has provided
investors to pioneering companies that impact each of us daily.
Through products, such as QQQ, Invesco continues to focus on
creating tools to help investors build portfolios that exceed
expectations. We look forward to the next 20 years," said
Dan Draper, Managing Director,
Global Head of Invesco ETFs.
By tracking the Nasdaq-100, QQQ can provide investors means to
diversify their portfolio while still investing in the large-cap
equity space. Despite its reputation as a technology fund, the
current characteristics of QQQ position it as a large-cap growth
fund, with only 42.6% of the holdings classified as technology
companies.[ii] The Fund has evolved since its greatest technology
weighting of 78% at the end of 2000, around the height of the tech
bubble. Currently QQQ showcases underlying constituents that can be
considered innovators in their respective sectors, including
information technology, communication services, consumer
discretionary, health care, consumer staples, industrials and
utilities.
"When QQQ was launched in 1999, most investors were just
learning about index-tracking investment products, and the
transparency offered by an ETF was novel. It is interesting to look
back 20 years later at how relevant and well-regarded the Invesco
QQQ remains, even as much of the ETF landscape has changed,"
explained Draper.
Bjorn Sibbern, EVP and Head of
Nasdaq's Global Information Services added, "The resilience of the
Invesco QQQ is a testament to the strength not only of Nasdaq's
global indexes, but the indexing industry as a whole."
QQQ Highlights
- QQQ ranks as the 6th largest ETF listed in the US
with $66 billion in total
AUM.[iii]
- The bid/ask spread on average over the past year was 0.65 basis
points making QQQ the 2nd cheapest of all ETFs with a total expense
ratio of 0.20%, respectively.[iv]
- #1 in Lipper's Large-Cap Growth Category for the past five
years, as of Dec. 31, 2018.[v]
- Top 1% ranking in the Morningstar's Large Growth category for
the past five and 10 years, as of Dec.
31, 2018.[vi]
- 2nd most traded ETF in the US based on average daily volume
traded, as of Dec. 31,
2018.[vii]
- Morningstar 5-star overall rating, Large Growth Category, as of
Dec. 31, 2018.[viii]
See QQQ Standardized Performance.
Performance quoted is past performance and cannot
be a guarantee of comparable future results;
current performance may be higher or lower. Investment returns and
principal value will vary; you may have a gain or loss when you
sell shares. Fund performance is at NAV and reflects fee waivers,
absent which, performance data quoted would have been
lower. See invesco.com to find the most recent
month-end performance numbers.
About Invesco Ltd.
Invesco is an independent
investment management firm dedicated to delivering an investment
experience that helps people get more out of life. NYSE: IVZ;
www.invesco.com.
Important Information
The Nasdaq-100 Index includes 100 of the largest domestic
and international non-financial companies listed on The Nasdaq
Stock Market based on market capitalization. An investment
cannot be made directly into an index.
A bid-ask spread is the amount by which the ask price
exceeds the bid price for an asset in the market. The bid-ask
spread is essentially the difference between the highest price that
a buyer is willing to pay for an asset and the lowest price that a
seller is willing to accept to sell it.
A basis point is one one-hundredth of a percentage point,
or 0.01%.
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 sector, such as technology,
are subject to greater risk, and are more greatly impacted by
market volatility, than more diversified investments.
Shares are not individually redeemable and owners of the Shares
may acquire those Shares from the Fund and tender those Shares for
redemption to the Fund in Creation Unit aggregations only,
typically consisting of 10,000, 50,000, 75,000, 80,000, 100,000,
150,000 or 200,000 Shares.
This does not constitute a recommendation of any investment
strategy or product for a particular investor. Investors should
consult a financial professional before making any investment
decisions.
invesco.com/fundprospectus
Invesco Distributors,
Inc.
03/19 NA2439
______________________________________
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[i] From
Bloomberg L.P., as of Dec. 31, 2108
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[ii] From
Bloomberg L.P. as of Jan. 31, 2019
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[iii] From
Bloomberg L.P , as of Dec. 31, 2018
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[iv] For all
U.S. listed ETFs, per Bloomberg on Dec. 31, 2018 and Jan. 31, 2019,
respectively.
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[v] Lipper fund
percentile rankings are based on total
returns, excluding sales charges and including fees and
expenses, and are versus mutual funds, ETFs and funds of funds
in the category tracked by Lipper. The Lipper one-year rank 43%
(287 of 674), five-year rank 1% (1 of 536), 10-year rank 1% (2 of
408), 15-year rank 2% (3 of 294) as of Dec. 31, 2018.
[vi] The Morningstar one-year rank 28% (430 of 1405) and
five-year rank 1% (2 of 1107) and ten-year rank 1% (6 of 799) as of
Dec. 31, 2018. Rankings are based on total return,
excluding sales charges and including fees and expenses versus all
funds in the Morningstar category. Open-end mutual
funds and exchange-traded funds are considered a single population
for comparison purposes. Had fees not been waived and/or expenses
reimbursed currently or in the past, the ranking would have been
lower.
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[vii] Source:
Bloomberg L.P., as of Dec. 31, 2018.
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[viii] As of
Dec. 31, 2018, the Fund had an overall rating of 5 stars out of
1247 funds, 5 stars out of 1247 funds for the 3-year period, 5
stars out of 1107 funds for the 5-year period and 5 stars out of
799 funds for the 10-year period, respectively in the Large Growth
Category. Ratings are based on a risk-adjusted return
measure that accounts for variation in a fund's monthly
performance, placing more emphasis on downward variations and
rewarding consistent performance. Ratings are calculated
for funds with at least a three year history. The overall rating is
derived from a weighted average of three-, five- and 10-year rating
metrics, as applicable, excluding sales charges and including fees
and expenses. ©2019 Morningstar Inc. All rights reserved. The
information contained herein is proprietary to Morningstar and/or
its content providers. It may not be copied or distributed and is
not warranted to be accurate, complete or timely. Neither
Morningstar nor its content providers are responsible for any
damages or losses arising from any use of this information. Past
performance does not guarantee future results. The top 10% of funds
in a category receive five stars, the next 22.5% four stars, the
next 35% three stars, the next 22.5% two stars and the bottom 10%
one star. Ratings are subject to change monthly. Had fees not been
waived and/or expenses reimbursed currently or in the past, the
Morningstar rating would have been lower. Ratings for other share
classes may differ due to different performance
characteristics.
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SOURCE Invesco Ltd.