Invesco Top QQQ ETF (QBIG) ETF Analysis

The Invesco Top QQQ ETF (QBIG) is an actively managed equity ETF with $0.04 billion in assets under management and an expense ratio of 0.38%.

QBIG aims to provide exposure to the top companies within the Nasdaq-100 Index, specifically targeting the top 45% by weight as represented in the Nasdaq-100 Mega Index. This approach offers a concentrated investment in the largest non-financial companies listed on the Nasdaq, differentiating it from broader Nasdaq-100 trackers.

Invesco Top QQQ ETF (QBIG) ETF — Price, Holdings & Analysis

The Invesco Top QQQ ETF (QBIG) is an actively managed equity ETF with $0.04 billion in assets under management and an expense ratio of 0.38%. QBIG aims to provide exposure to the top companies within the Nasdaq-100 Index, specifically targeting the top 45% by weight as represented in the Nasdaq-100 Mega Index. This approach offers a concentrated investment in the largest non-financial companies listed on the Nasdaq, differentiating it from broader Nasdaq-100 trackers.

ETF Overview

The Fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective through exposure to the top companies in the Nasdaq-100 Index (the “Nasdaq-100”), as represented in the Nasdaq-100 Mega Index (the “Index”). The Nasdaq-100 consists of securities of 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market LLC based on market capitalization. The Index is a subset of the Nasdaq-100, comprising approximately the top 45% by weight of Nasdaq-100 companies, but not exceeding 47%. The Fund seeks to track the performance of those companies.

QBIG is designed for investors seeking concentrated exposure to the leading companies within the Nasdaq-100. Unlike passively managed ETFs that track the entire index, QBIG focuses on the top constituents, aiming to capture a significant portion of the index's performance through a smaller, more selective portfolio. The fund's strategy involves tracking the Nasdaq-100 Mega Index, which represents the top 45% by weight of the Nasdaq-100. As of 2026-03-15, a substantial portion of the fund is allocated to cash and similar investments, with 54.7% held in 'Cash & Others,' primarily in the Invesco Premier US Government Money Inst (IUGXX) at 45.15%. The remaining assets are invested in top technology companies like NVIDIA Corp (11.04%), Apple Inc (8.10%), and Microsoft Corp (6.79%). Sector allocations include Technology (19.5%), Financial Services (14.5%), Consumer Cyclical (6.8%), and Communication Services (4.5%). This concentrated approach may appeal to investors who believe these top companies will outperform the broader market.

Risk Metrics

QBIG's concentrated investment strategy introduces specific risks. The fund's focus on a small number of holdings, with the top holding, Invesco Premier US Government Money Inst (IUGXX), representing 45.15% of the portfolio, creates a significant concentration risk. Performance will be heavily influenced by the performance of these key holdings. The fund's sector allocation also presents a risk, with a significant portion of assets concentrated in the technology sector (19.5%), making it vulnerable to sector-specific downturns. The expense ratio of 0.38% will create a drag on returns, especially in periods of lower performance. The fund's beta is currently listed as 0.00, but this may not accurately reflect its future volatility, especially given its active management and concentrated holdings. Past performance does not guarantee future results.

Expense Ratio

0.38%

What does QBIG hold?

Holding	Weight
Invesco Premier US Government Money Inst (IUGXX)	45.15%
NVIDIA Corp (NVDA)	11.04%
Apple Inc (AAPL)	8.10%
Microsoft Corp (MSFT)	6.79%

How Is the Fund Allocated?

Sector	Weight
Cash & Others	54.7%
Technology	19.5%
Financial Services	14.5%
Consumer Cyclical	6.8%
Communication Services	4.5%

Country	Weight
Other	51.2%
United States	48.8%

Dividend Yield

0.00%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio

Invesco QQQ Trust, Series 1 (QQQ) (Equity) — 0.18% expense ratio
Invesco S&P 500 QVM Multi-factor ETF (QVML) (Equity) — 0.11% expense ratio
Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) (Equity) — 0.47% expense ratio
Invesco ESG S&P 500 Equal Weight ETF (RSPE) (Equity) — 0.20% expense ratio
Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) (Equity) — 0.39% expense ratio
Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) (Equity) — 0.60% expense ratio

Risk Metrics

Beta: 0.00

Questions & Answers

What is QBIG and what does it track?

The Invesco Top QQQ ETF (QBIG) is an actively managed ETF that seeks to provide exposure to the top companies in the Nasdaq-100 Index.

It does this by tracking the Nasdaq-100 Mega Index, which represents approximately the top 45% by weight of the Nasdaq-100.

What is the expense ratio for QBIG?

The expense ratio for QBIG is 0.38%. This means that for every $10,000 invested, the fund charges $38 annually to cover its operating expenses.

While this is not excessively high, it's important to consider the expense ratio as it directly impacts the fund's net returns. The expense ratio should be considered in the context of the fund's active management strategy and potential for outperformance compared to passively managed ETFs.

What are the top holdings in QBIG?

As of 2026-03-15, the top holdings in QBIG are: 1) Invesco Premier US Government Money Inst (IUGXX) at 45.15%, reflecting a significant cash position. 2) NVIDIA Corp (NVDA) at 11.04%, representing a substantial investment in the semiconductor giant.

3) Apple Inc (AAPL) at 8.10%, indicating a core holding in the technology sector.

Is QBIG a good long-term investment?

Whether QBIG is a suitable long-term investment depends on an individual's investment goals, risk tolerance, and time horizon.

The fund's concentrated strategy, focusing on the top companies in the Nasdaq-100, offers the potential for higher returns but also carries increased risk. The expense ratio of 0.38% should be factored into long-term return expectations.

How does QBIG compare to similar ETFs?

QBIG differentiates itself through its active management and concentrated approach, focusing on the top companies within the Nasdaq-100. Many similar ETFs passively track the entire Nasdaq-100 index.

QBIG's expense ratio of 0.38% may be higher than some passively managed Nasdaq-100 ETFs, but potentially justified by the active management strategy.

Does QBIG pay dividends?

According to the latest data, QBIG has a dividend yield of 0.00%. This indicates that the fund does not currently distribute any dividends to its shareholders.

Investors seeking income-generating investments may want to consider other ETFs with a history of dividend payments. The fund's focus is primarily on capital appreciation through investments in growth-oriented companies, rather than generating income through dividends.