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Invesco EQQQ NASDAQ-100 ETF EQQQ ETF Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See Invesco Investment Hub

Morningstar’s Analysis EQQQ

Will EQQQ outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable EQQQ’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the EQQQ management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of EQQQ’s parent organization’s priorities and whether they’re in line with investors’ interests.

Nasdaq Enacting a Special Rebalance of the Nasdaq 100

null Monika Calay

Monika Calay

Analyst Note

On Friday, July 7, 2023, Nasdaq announced that it would conduct a special rebalance of the Nasdaq 100 Index, effective when markets open on Monday, July 24, 2023. The rebalance will reshuffle the weights of the index’s constituents without adding or removing any names, and it is intended to reduce the index’s concentration in its largest constituents. The 10 largest holdings of Invesco EQQQ Nasdaq-100 ETF made up almost 60% of the fund’s assets at the end of June, with Microsoft MSFT and Apple AAPL each representing more than 12% of the portfolio. While this decision should alleviate some of the fund's concentration concerns, it does not change its Morningstar Medalist Rating.

by Monika Calay
Published on

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