qqq

7/21/2019 QQQ

http://slidepdf.com/reader/full/qqq55cf85da550346484b92044d 1/3

QQQPowerShares QQQ

FactSet Segment: Equity: U.S. - Large Cap

“not a 'tech fund' in the pure

sense”

Index Tracked NASDAQ-100 Index

Index Weighting Methodology Tiered

Index Selection Methodology NASDAQ - Listed

Segment Benchmark MSCI USA Large Cap

Index Data

Fund Description

The P owerShares QQQ tracks a modified market-cap-weighted index of 100 NAS DAQ-listed stocks.

FactSet Insight

QQQ is one of the most established and most traded ET Fs in the world. It's also one of the most

unusual. The fund only invests in nonfinancial stocks listed on NASDAQ, causing it to skew massively away from a broad-based large-capportfolio. QQQ is heavily overweighttechnology, with almost 60% of itsportfolio in tech and 13% in Applealone, but it is not a 'tech fund' in the

pure sense either. QQQ tilts much larger than our benchmark and is much more concentrated in its topholdings. Still, it is extremely liquid, so frequent traders with a soft spot for Apple may really like it. QQQshould appeal to investors who are bullish on technology but don't want to buy a 100% tech fund.

A

65

E

T

as of 07/21/2015 Segment Average

O ve ra ll Rat ing Rat ing De ta ils

Issuer Invesco PowerShares

Inception Date 03/10/99

Assets Under Manag ement $40.6 B

Average Da ily $ Volume $2.82 B

Summary Data

Price / Earnings Ratio 18.86

Price / Book Ratio 4.72

Distribution Yield 0.99%

Next Ex-Dividend D ate 09/18/15

Portfolio Data

Top Competing ETFs OEF, XLG, IWL, MGC

Related ETFs

EFFICIENCY

Total Returns 1 Year

Performance 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years

QQQ 3.72% 6.17% 10.90% 19.85% 22.82% 21.69% 12.05%

QQQ (NAV) 3.71% 6.19% 11.02% 19.91% 22.85% 21.71% 12.04%

NASDAQ-100 Index 3.73% 6.25% 11.16% 20.18% 23.14% 21.99% 12.30%

MSCI USA Larg e Cap 1.32% 2.18% 4.73% 9.59% 17.74% 16.23% --

All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FactSet Efficiency Insight

QQQ delivers its index extremely well with a reasonable fee and excellent tracking. Its 0.20% expenseratio is on the low side, if not truly cheap in this highly competitive segment. The fund does a good jobmatching its index, tending to lag it by little more than its expense ratio with little variation. QQQ istransparent, tax efficient and truly massive with over $35B in assets.

Expense Ratio 0.20%

Median Tracking Difference (12 Mo) -0.30%

Max. Upside Tracking Difference -0.22%

Max. Downside Tracking Difference -0.37%

Portfolio Ma nagement

Max LT/ST Capital Ga ins Rate 20.00% / 39.60%

Capital Ga ins Distributions (3 Year) 0.00%

Tax on Distributions Qualif ied dividends

Distributes K1 No

Tax Exposures

Legal Structure Unit Investment Trus

OTC Derivative Use No

Securities Lending Active N/A

Securities Lending Split (Fund/Issuer) 100% / 0%

ETN Counterparty N/A

ETN Counterparty Risk N/A

Fund Closure Risk Low

Portfolio Disclosure Daily

Fund Structure

96

100

F 65

96

| Po werShares QQQ | 29 Octo ber 2014 Pag e 1 o f 3

7/21/2019 QQQ


TRADABILITY

FactSet Tradability Insight

QQQ is one of the most liquid E TFs available—about $4B changes hands on a typical day. Bid/ask spreads tend to only be a penny wide, and premiums/discounts are minimal. It receives a perfectblock liquidity score, indicating that large trades can be executed easily using a market maker. Thefund's strong Tradability helps investors large and small.

5

4

3

2

1

This measureme nt shows

how easy it is to trade

25,000 shares of QQQ. QQQ

is rated a 5 out of 5.

FactSet/ Block Liquidity

Daily Share Volume 25,811,294

Average Da ily $ Volume $2.82 B

Median Daily Share Volume 24,570,186

Median Daily Volume ($) $2.71 B

Average Spread (%) 0.01%

Average Spread ($) $0.01

Median Premium / Discount (12 Mo) 0.00%

Max. Premium / Discount (12 Mo) 0.08% / -0.12%

Impediment to Creations None

Market Hours Overlap 100.00%

Creation Unit Size (Shares) 50,000

Creation Unit/Day (45 Da y Average) 491.40

Creation Unit Cost (%) 0.01%

Underlying Volume / Unit 0.02%Open Interest on ETF Options 3,085,151

FactSet Implied Liquidity 5

Tradability

FIT

Sector QQQ

Technology 18.11%54.02%

Consumer Cyclicals 13.31%20.85%

Healthcare 14.50%14.32%

Consumer Non-Cyclicals 10.28%6.44%

Industrials 12.37%3.28%

TelecommunicationsServices

2.52%0.78%

Basic Materials 1.82%0.33%

Sector/Industry Breakdown

Apple Inc. 14.34%

Microsoft Corporation 7.07%

Amazon.com, Inc. 4.01%

Facebook, Inc. Class A 3.84%

Google Inc. Class C 3.51%

Gilead Sciences, Inc. 3.35%

Google Inc. Class A 3.08%

Intel Corporation 2.81%

Cisco Systems, Inc. 2.73%

Comcast Corporation Class A 2.60%

Total Top 10 Weighting 47.35%

Top 10 Holdings

Countries QQQ

United States 99.79%97.75%

China --1.08%

Singapore 0.21%0.68%

United Kingdom --0.31%

Russian Federation --0.17%

Geographic Exposure

Regions QQQ

North America 99.79%97.75%

Asia-Pacific 0.21%1.77%

Europe --0.48%

Developed /Emerging Split

100.00% / --

98.74% /1.26%

FactSet Fit Insight

QQQ offers idiosyncratic, unbalanced exposure to large caps, with massive emphasis on tech stocks.It only holds stocks traded on the NASDAQ—an unusual selection method—and ignores entiresectors, including financials, energy and utilities. The fund's arcane weighting rules further distance itfrom anything close to plain vanilla coverage. Sector biases aside, QQQ makes big individual bets too

with 13% in Apple alone, and another 13% s plit between Microsoft and Goog le, raising concentration

risk.

QQQ

107 HoldingsSegment Benchmark

296 Co nstituents

Shared Holdings

62 (Count)

26.34% (Weight)

QQQ

Segmen

Benchmar

Weighted Average

Market Cap

$148.67 B$212.2 B

Size Split

Large (>12.9B) 99%94%

Mid (>2.7B) 1%6%

Small (>600M) 0%0%

Micro (<600M) 0%0%

Price / EarningsRatio

19.1718.86

Price / Book Ratio 2.914.72

Dividend Yield 2.00%1.08%

Number OfHoldings

296107

Concentration LowMedium

Benchmark Comparison

Goodness of Fit (R2) 0.87

Beta 1.09

Up Beta 1.04

Down Beta 1.12

Downside Standard Deviation 0.34%

Segment Benchmark MSCI USA Large Cap

Performance Statistics

100

65

Benchmark

Benchmark Benchmark


SPREAD

PREMIUM / DISCOUNT

VOLUME

7/21/2019 QQQ


The data and information contained herein is not intended to be investment or tax advice. You should not use such information for purposes of any actualtransaction without consulting an investment or tax professional. The data and information contained herein may not be applicable to or suitable forindividuals specific circumstances or needs.

A reference to a particular investment or security, a credit rating, or any obs ervation concerning a security or investment provided in the FactSet Service is noa reco mmendation to buy, s ell, or hold such investment or security or to make any other investment decisions. Any user of the information contained in theFactSet Service should not rely on any credit rating or other opinion contained therein in making any investment decision.

FACTSE T DOES NOT TAKE RES PONSIB ILITY FOR YOUR INVESTMEN T OR OTHER ACTIONS NOR SHALL FACTSET HAVE ANY LIABILITY,CONTINGENT OR OTHERWISE, FOR THE ACCURACY, COMPLE TEN ESS , TIMELIN ESS , OR CORRECT S EQUEN CING OF ANY INFORMATIONPROVIDED BY FACTSET OR FOR ANY DECISION MADE OR ACTION TAKEN BY YOU IN RELIANCE U PON S UCH INFORMATION OR FACTSE T.[FACTSE T DOES N OT PROVIDE ANY RESE ARCH OPINIONS.] FACTSE T MAKES NO REPRESE NTATIONS ABOUT THE S UITABILITY OF THEINFORMATION, PRODUCTS OR SE RVICES CONTAINE D HE REIN.

FACTSE T AND IT S TH IRD-PARTY LICENSORS DIS CLAIM ANY AND ALL WARRANTIE S AND REP RESEN TATIONS, EXPRESS OR IMPLIED,INCLUDING ANY WARRANTIE S OF ME RCHANTABILITY OR FITNES S FOR A PARTICULAR PURPOSE OR USE AS TO THE FACTSE T S ERVICE,INCLUDING BU T NOT LIMITED TO, THE IN FORMATION, DATA, SOFTWARE, APP LICATIONS OR PRODUCTS CONTAINED THEREIN OR THERESULTS OBTAINED BY THEIR USE OR THE PE RFORMANCE THE REOF. NEIT HER FACTSE T NOR ITS THI RD-PARTY LICENSORSGUARANTEE THE ADEQUACY, ACCURACY, TIMEL INES S OR COMPLETE NES S OF THE FACTSE T S ERVICE OR ANY COMPONENT THEREOF OROF ANY COMMUNICATIONS, INCLUDIN G BUT NOT LIMIT ED TO, ORAL OR WRITTEN COMMUNICATIONS (INCLUDING ELE CTRONICCOMMUNICATIONS) WITH RESPE CT THERET O. NEITHER FACTSE T NOR ITS TH IRD-PARTY LICENSORS SHALL BE SUBJE CT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS OR DELAYS IN THE FACTSE T S ERVICE. THE FACTSE T S ERVICE AND ALLCOMPONENTS THEREOF ARE PROVIDED ON AN AS IS BASIS AND ALL USE OF THE FACTSET SE RVICE IS AT YOUR OWN RISK. PASTPERFORMANCE IS N OT INDICATIVE OF FUTURE RES ULTS.

©2015, FactSet Research Systems, Inc. All Rights Reserved.Data provider: FactSet Research Systems, Inc. Terms of Use


qqq

Documents