iShares NASDAQ 100 Ex Top 30 ETF (QNXT)
NASDAQ (NMS) NASDAQ (NMS) Primary Summary
QNXT Chart
iShares NASDAQ 100 Ex Top 30 ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| MV Moises Valladares Insigneo Advisory Services LLC | 8,506 | $224,899 | $265,217.08 | $40,318.08 | 17.93% |
iShares NASDAQ 100 Ex Top 30 ETF (QNXT) FAQ
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iShares NASDAQ 100 Ex Top 30 ETF Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
QNXT is an exchange-traded fund (ETF) that strategically targets the middle segment of the Nasdaq-100 Index, specifically aiming at companies ranked 31st to 100th by market capitalization. This focus enables investors to gain exposure to approximately 70 non-financial firms predominantly in growth-oriented sectors like technology and consumer discretionary. The fund operates with a market-cap weighting system, which includes specific caps to ensure diversification and manage concentration risk. These include a cap of 22.5% for individual issuers and an aggregate cap of 48% for issuers whose weights exceed 4.5%. QNXT commits to a disciplined investment review process, with quarterly rebalancing to account for market movements and corporate developments, ensuring that the fund's composition accurately reflects the current market environment. This ETF is designed for investors looking to diversify their portfolio by investing in the broader Nasdaq-100 Index beyond the top 30 firms, which are covered by a sister fund.
Products and Services
- Nasdaq-100 Middle Segment Exposure
QNXT specializes in offering investors exposure to the mid-tier companies of the Nasdaq-100 Index, focusing on those ranked 31st to 100th by market capitalization. This subset of the Nasdaq-100 allows investors to tap into the potential of non-financial firms that show promise for growth but may not be as large or as well-known as the top-tier companies. This exposure diversifies investment portfolios beyond the leading giants, potentially uncovering hidden gems in the technology and consumer discretionary sectors.
- Market-Cap Weighting System with Caps
The fund employs a thoughtful market-cap weighting approach to investment. It sets individual issuer caps at 22.5% and an aggregate cap of 48% for those issuers exceeding a weight of 4.5%. These caps are designed to prevent over-exposure to any single company, ensuring a broad distribution of investment across the selected companies within the Nasdaq-100's mid-segment. This strategy mitigates risk and encourages a healthier diversification within the investment portfolio.
- Quarterly Rebalancing
To maintain its strategic focus and alignment with market dynamics, QNXT undergoes a systematic quarterly rebalancing process. This rebalancing allows the fund to adapt to market movements, corporate developments, and changes in the composition of the Nasdaq-100 Index. The proactive review and adjustment process helps ensure that the ETF's holdings accurately reflect its investment objective, keeping the portfolio fresh and relevant.
- Derivative and Cash Equivalent Investments
In its bid to enhance tracking accuracy and optimize returns, QNXT may also invest in derivatives and cash equivalents. These financial instruments can be used to efficiently manage cash flows, gain exposure to specific assets or markets with less capital, and hedge against potential market downturns. This flexibility in investment strategy fortifies the fund's ability to closely follow its benchmark index, catering to the needs of growth-focused investors.
