FactSet Research Systems overall rating grade for the ETF. The letter grade is calculated as the average between the efficiency and tradability scores. The number corresponds to the ETF fit score.

The ETF.com Fit Score measures how well a funds exposures match those of a neutral benchmark chosen to be most representative of the ETF.com segment.

Large CapNASDAQ-100 IndexExchange-specificNorth AmericaEquityU.S.Size and StyleBroad-based

*Unless otherwise stated, data provided by FactSet.

QQQ tracks a modified-market-cap-weighted index of 100 NASDAQ-listed stocks.

QQQ is one of the best established and most traded ETFs in the world. Its also one of the most unusual. Per the rules of its index, the fund only invests in nonfinancial stocks listed on NASDAQ, and effectively ignores other sectors too, causing it to skew massively away from a broad-based large-cap portfolio. QQQ has huge tech exposure, but it is not a tech fund in the pure sense either. The funds arcane weighting rules further distance it from anything close to plain vanilla large-cap or pure-play tech coverage. The ETF is much more concentrated in its top holdings and is more volatile than our vanilla large-cap benchmark. Still, it is extremely large and liquid, and has huge name recognition for the underlying index, the NASDAQ-100. In all, QQQ delivers a quirky but wildly popular mash-up of tech, growth and large-cap exposure.

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

The first date of a funds operations, as documented by the issuer.

The organizational structure of the fund or ETN.

The net total annual fee a fund holder pays to the issuer.

The market value of total assets that a fund has accumulated and now manages on behalf of investors.

It is the daily dollar value of shares traded, averaged over the past 45 trading days.

The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 45 days, as a percent.

Describes the average of each stocks market cap (share price x shares outstanding) scaled by its weight in the portfolio.

Weighted average ratio of prices of a funds stocks to trailing earnings of underlying stocks.

Weighted average ratio of prices of a funds stocks to the book value of underlying equity.

The ratio of distributions paid by the fund over the past 12 months, divided by the funds NAV.

The date on which a securitys price excludes an upcoming dividend.

The number of securities held in the fund as of ETF.coms analysis date, based on issuer portfolios or the creation basket. If an ETF holds other ETFs, we count every constituent, looking through the ETF wrapper.

This is the benchmark an ETF is designed to track or replicate.

A set of rules that the underlying index provider follows to weight its constituent securities.

A set of rules that the underlying index provider follows to select its constituent securities.

This is the index that we have chosen as the best-in-class gauge for each segments broad market.

The net total annual fee a fund holder pays to the issuer.

Compares returns of the funds NAV to its underlying index for a daily series of overlapping 12 month periods. The median is the middle value of the results.

Largest deviation in a positive direction of a funds returns vs. its underlying index over the past 12 months.

Largest deviation in a negative direction of a funds returns vs. its underlying index over the past 12 months.

The maximum long-term and short-term U.S. tax rates applicable to a realized capital gain.

The average capital gains paid out to shareholders in the past 36 months, measured as a percent of net asset value (NAV) at the time.

IRS treatment of the majority of the funds distributions.

ETFs that are structured as commodities pools and classified as limited partnerships by the IRS will issue K-1 forms to holders.

The organizational structure of the fund or ETN.

An indicator of whether a fund uses over-the-counter derivatives such as swaps or forwards to achieve its objectives.

An indicator of whether or not a fund actively lends its portfolio holdings.

The division of securities lending revenue between the fund and the issuer.

The institution responsible for providing the return of the stated index and whose credit is the sole backing of the ETN.

The likelihood that an issuer will shut down a fund for business or regulatory reasons.

The frequency of an issuers disclosure of all fund holdings.

This measurement shows how easy it is to trade a $1 million USD block of QQQ. QQQ is rated a 5 out of 5.

It is the daily number of shares traded, averaged over the past 45 trading days.

It is the daily dollar value of shares traded, averaged over the past 45 trading days.

Median number of shares traded over the past 45 trading days.

Median dollar value of shares traded over the past 45 trading days.

The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 45 days, as a percent.

The difference between the highest and lowest posted prices for an ETF, averaged over the past 45 days, in dollars.

The middle value in the ranked set of all premium/discount values over a maximum 12-month period.

The greatest amount that the market price exceeded (premium) and fell below (discount) its fair value/net asset value (NAV) over a maximum 12-month period.

This flags whether there is currently a systemic issue that has restricted the ability to create or redeem shares of the fund. This may be imposed by the funds issuer, or by external circumstances.

The percent of time that the underlying securities of an ETF are open to trading while US exchanges are open.

The smallest block of ETF shares that an Authorized Participant can either create or redeem at net asset value (NAV) with the issuer in exchange for the underlying shares of the fund.

The median 45 day share volume divided by the creation unit size of the fund. The higher the number, the more likely that liquidity providers will trade the fund in size, or in odd lots.

The standard fee to create or redeem 1 creation unit of an ETF as a percentage of the dollar value of 1 creation unit.

The percentage of the median daily volume in underlying securities represented by one creation unit.

The total number of net outstanding options contracts for an ETF.

The total market value of the assets that an ETF holds less fund expenses.

An estimate of liquidity for the underlying baskets of securities, scaled 1 to 5.

QQQSegment BenchmarkTechnology60.49%26.80%Consumer Cyclicals21.01%12.43%Healthcare9.03%14.48%Consumer Non-Cyclicals4.89%7.84%Industrials3.12%9.11%Telecommunications Services0.80%2.32%Utilities0.37%2.59%Financials0.29%14.92%QQQ TOP 10 HOLDINGS[View All]Apple Inc.10.41%Microsoft Corporation10.25%Amazon.com, Inc.9.91%Alphabet Inc. Class C4.71%Facebook, Inc. Class A4.65%Alphabet Inc. Class A4.14%Intel Corporation3.16%Cisco Systems, Inc.2.98%Comcast Corporation Class A2.30%PepsiCo, Inc.2.15%Total Top 10 Weighting54.66%QQQ Countries

QQQSegment BenchmarkUnited States98.46%100.00%China1.37%–Netherlands0.16%–QQQ Regions

QQQSegment BenchmarkNorth America98.46%100.00%Asia-Pacific1.37%–Europe0.16%–QQQ Economic Development

QQQSegment BenchmarkDeveloped Countries98.63%100.00%Emerging Countries1.37%–QQQ Performance StatisticsGoodness of Fit (R2)The degree to which the fund and its segment benchmark move up and down in unison.Goodness of Fit (R2)0.90BetaThe sensitivity of the returns of the fund to the movement of the ETF.com segment benchmark. Beta of 1.0 means magnitude of fund returns equals that of IU benchmark returns.Beta1.30Up BetaThe comparison of a funds return to our benchmarks for days when the benchmark is up. Ideally down beta is less than up beta while beta of 1.0 means theyre equal.Up Beta1.29Down BetaThe comparison of a funds return to our benchmarks for days when the benchmark is down. Ideally down beta is less than up beta while beta of 1.0 means theyre equal.Down Beta1.31Downside Standard DeviationA measure of the variability between the funds returns and the ETF.com segment benchmark returns on days when the fund underperforms the benchmark.Downside Standard Deviation0.55%Segment BenchmarkThis is the index that we have chosen as the best-in-class gauge for each segments broad market.Segment BenchmarkMSCI USA Large Cap IndexQQQ BENCHMARK COMPARISON HOLDINGSQQQ Number of Holdings98Benchmark Constituents295Shared Holdings66Shared Holdings Weight32.96%QQQ BENCHMARK COMPARISON SUMMARY

QQQSegment BenchmarkNumber of Holdings98295Weighted Average Market Cap$383.26B$237.14BPrice / Earnings Ratio22.9520.76Price / Book Ratio5.703.43Dividend Yield1.06%1.97%ConcentrationHighLowQQQ BENCHMARK COMPARISON MARKET CAP SIZE

QQQSegment BenchmarkLarge (>

12.9B)99.45%99.59%Mid (>

2.7B)0.55%0.41%Small (>

600M)0.00%0.00%Micro (0.00%0.00%Options Strategies for Outcome Investing

Options allow you to customize investment outcomes. Using the strategy builders provided by Cboe Vest Technologies, you can construct some of the most common option strategies. Check out ouruser guidefor more information on how to use the tool.

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.

A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.

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