PNQI: INVESCO NASDAQ INTERNET ETF
Share-split context: A forward split was recorded on Jul 17, 2023 with coefficient 5. A forward split turns each old share into multiple new shares and lowers the quoted price per share proportionally. Proportional ownership is unchanged at the split moment, so the split itself creates neither a gain nor a loss. The price-return figures in this report are already split-adjusted.
What this ETF is trying to do
The Invesco NASDAQ Internet ETF (PNQI) focuses on companies that operate in the internet sector. It holds a variety of companies that rely on the web to provide services or sell products.
Top Holdings
As of October 8, 2026, the fund's largest holdings include:
• Microsoft Corp: 8.43%
• Apple Inc: 7.89%
• Amazon.com Inc: 7.13%
• Meta Platforms Inc Class A: 6.93%
• Alphabet Inc Class C: 6.68%
• Salesforce Inc: 5.11%
• Shopify (n/a): 4.46%
• Booking Holdings Inc: 4.17%
• Uber Technologies Inc: 4.05%
• The Walt Disney Co: 3.95%
These are only the top holdings, and the full list can change over time.
What the numbers show
The current price of the ETF is $51.62. Because this fund has a history of share splits, we look at split-adjusted returns to see how it has performed.
• Year-to-Date (YTD): The price return and total return are both -4.31%.
• One Year: The price return and total return are both -7.50%.
• Three Year: The price return was 66.75%, and the total return was 66.78%.
• Five Year: The total return was 6.55%.
This ETF had a "forward split" on July 17, 2023, with a coefficient of 5. In a forward split, each old share becomes multiple new shares, and the price per share drops proportionally. This does not create a gain or a loss; it just changes the number of shares an investor owns.
Income and distribution explanation
The distribution yield for this ETF is 0%. There have been no distributions detected in the last 12 months. This means the fund does not currently provide cash income to its investors.
NAV erosion explanation
"NAV erosion" happens when the underlying value of a fund's assets drops over time. StockValueFinder uses an erosion-risk score to measure this. PNQI has an erosion score of 75, which is labeled as "Mild price erosion." This is a measurement of risk, not a guarantee that the value has collapsed.
Pros
• The fund has shown strong growth over a three-year period.
• It provides exposure to some of the largest internet and technology companies in the world.
Cons
• The share price has declined over the last year and so far this year.
• It does not pay out any cash distributions to investors.
Beginner takeaway
PNQI is an ETF for people who want to invest in internet companies. While it has had strong three-year growth, it has seen a share-price decline recently. Because it pays no distributions, investors rely entirely on the share price going up to make money. Always remember that a high yield in other funds can be misleading, but in this case, there is no yield to consider.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | MICROSOFT CORP | MSFT | 8.43% |
| 2 | APPLE INC | AAPL | 7.89% |
| 3 | AMAZON.COM INC | AMZN | 7.13% |
| 4 | META PLATFORMS INC CLASS A | META | 6.93% |
| 5 | ALPHABET INC CLASS C | GOOG | 6.68% |
| 6 | SALESFORCE INC | CRM | 5.11% |
| 7 | n/a | SHOP | 4.46% |
| 8 | BOOKING HOLDINGS INC | BKNG | 4.17% |
| 9 | UBER TECHNOLOGIES INC | UBER | 4.05% |
| 10 | THE WALT DISNEY CO | DIS | 3.95% |