QNXT: ISHARES NASDAQ-100 EX TOP 30 ETF
ETF Education Report: ISHARES NASDAQ-100 EX TOP 30 ETF (QNXT)
What this ETF is trying to do
The ISHARES NASDAQ-100 EX TOP 30 ETF (ticker: QNXT) is an exchange-traded fund designed to track a specific part of the market. Based on its name, it focuses on companies in the Nasdaq-100 but excludes the top 30 largest companies. This means it provides exposure to a variety of different companies within that index.
What the numbers show
When looking at how an ETF performs, it is important to distinguish between "price return" and "total return."
• Price Return: This measures only the change in the share price. For QNXT, the year-to-date (YTD) price return is approximately 14.37%. The one-year price return is approximately 10.99%.
• Total Return: This includes the share price change plus any distributions (cash payments) made to investors. The YTD total return is approximately 14.98%, and the one-year total return is approximately 11.82%.
To give you an idea of price movement, the estimated price from roughly one year ago was $28.42. The current price is $31.54.
Top Holdings
The following are the top holdings in this portfolio (note that this is a partial list):
• AMGEN INC: 3.72%
• WESTERN DIGITAL CORP: 3.56%
• MARVELL TECHNOLOGY INC: 3.43%
• ASML HOLDING NV ADR: 3.11%
• GILEAD SCIENCES INC: 3.05%
• SHOP: 2.83%
• BOOKING HOLDINGS INC: 2.62%
• INTUITIVE SURGICAL INC: 2.34%
• ARM HOLDINGS PLC ADR: 2.32%
• VERTEX PHARMACEUTICALS INC: 2.30%
Please remember that holdings can change over time.
Income and distribution explanation
Some investors look for ETFs that pay out cash, known as distributions. QNXT has a distribution yield of approximately 0.69%. This means the cash distributions are about 0.69% of the ETF's price. The fund usually pays out quarterly, and it has made 4 payments over the last 12 months. It is important to remember that a distribution yield is not the same as total return.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). While a falling share price can sometimes be related to erosion, it is not the same thing. For QNXT, the erosion-risk score is 100, and the label indicates "No price erosion detected." There is no severe erosion-risk flag for this ETF.
Pros
• The fund has shown positive price returns both year-to-date and over the last year.
• The erosion-risk measurement is rated as "good."
Cons
• The distribution yield is relatively low (0.69%).
• Three-year performance data was not supplied.
Beginner takeaway
QNXT provides a way to invest in many companies within the Nasdaq-100 while skipping the 30 largest ones. When watching this ETF, remember that the total return (which includes cash payments) is often different from the price return (the change in share price alone). Always look at both to get a full picture of performance.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | AMGEN INC | AMGN | 3.72% |
| 2 | WESTERN DIGITAL CORP | WDC | 3.56% |
| 3 | MARVELL TECHNOLOGY INC | MRVL | 3.43% |
| 4 | ASML HOLDING NV ADR | ASML | 3.11% |
| 5 | GILEAD SCIENCES INC | GILD | 3.05% |
| 6 | n/a | SHOP | 2.83% |
| 7 | BOOKING HOLDINGS INC | BKNG | 2.62% |
| 8 | INTUITIVE SURGICAL INC | ISRG | 2.34% |
| 9 | ARM HOLDINGS PLC ADR | ARM | 2.32% |
| 10 | VERTEX PHARMACEUTICALS INC | VRTX | 2.30% |