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PNQI

GradeDNASDAQ Global Market

Invesco NASDAQ Internet ETF

Themes · Invesco · Inception 2008-06-12 · SEC filings

$51.13−0.57 (−1.10%)

As of Sep 23, 2026, 2:25 PM EDT

Intraday session: down, 60 prints from 51.70 to 51.13. Range 50.94 to 51.57. Use the arrow keys to read each point.$51.00$51.40$51.6010 AM12 PM2 PM4 PM
Expense ratio
0.60%
Fund size
$537M
1Y return
−9.3%
Yield · Last 12 months
0.00%
Holdings
78
Volume · 30D
0M sh
NAV per share
$51.98
52W range
low $42.80high $57.22

The ETF.net PNQI Grade

D

39/ 100

Rank 19 of 22 in US Thematic⁠

Confidence High

Six-pillar profile for PNQI. Scores out of 100: Cost 21, Risk 29, Mission 46, Tradability 74, Holdings 31, Durability 94. Strongest: Durability (94). Weakest: Cost (21). Leans toward Durability.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 39 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 21
    Category rank18/22 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    CScore 46
    Category rank6/7 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 29
    Category rank18/22 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 74
    Category rank5/22 · top 23%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 31
    Category rank20/22 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 94
    Category rank2/22 · top 9%

Graded as of Sep 22, 2026

Our read on PNQI

ETF.net Research

DOne of the original internet ETFs, running since 2008. It tracks a Nasdaq CTA index of US-listed internet businesses, ADRs included, with weight caps that trim the giants at each rebalance.

Stated mandate

The fund seeks to track an index of companies involved in internet-related businesses.

Why people hold it

  1. 01Live since 2008, so this is a long-tenured take on the internet theme rather than a fund built for the latest headline.
  2. 02The index caps its five biggest names at 8% and everything else at 4%, rebalancing quarterly. Megacaps get trimmed instead of quietly becoming the whole fund.indexes.nasdaq.com
  3. 03ADRs are eligible, so the basket reaches internet companies based outside the US as long as they trade on a US exchange.indexes.nasdaq.comindexes.nasdaqomx.com
  4. 04Moderately traded with a tight, rules-based mandate: at least 90% of assets sit in index constituents, so what you see in the methodology is what you own.invesco.com

Worth knowing

  1. 01At 0.60%, it runs above the thematic-peer median of 0.57%, and cheaper tech-theme options exist (LRND at 0.14%, TECB at 0.30%).
  2. 02Non-diversified by design: roughly 80 stocks in one theme. Swings in internet sentiment land harder here than in a broad market fund.money.usnews.com
  3. 03The holdings skew toward growth-stage internet businesses, and cash payouts have not been a regular feature of the fund.

PNQI Holdings

As of Sep 20, 2026, 1:45 PM
Asset class
Stocks
Holdings
78
Top-10 weight
60%
Largest holding
MSFT8.5%

Sectors

  • Technology43.0%
  • Communication27.3%
  • Consumer Discr.26.8%
  • Financials2.5%
  • Real Estate0.4%
  • Health Care0.0%

Geography

  • United States85.00%
  • Canada4.36%
  • Sweden2.96%
  • China2.76%
  • Uruguay2.63%
  • Singapore1.87%
  • Israel0.27%
  • India0.12%
  • Other countries (1)0.03%
The fund’s holdings, weight-ordered — page 1 of 6.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001MSFTMicrosoft Corp8.53%90,446$45M792
002AAPLApple Inc8.38%130,495$44M707
003METAMeta Platforms Inc8.18%64,387$43M683
004AMZNAmazon.com Inc7.29%150,465$38M720
005GOOGAlphabet Inc7.11%108,171$37M471
006CRMSalesforce Inc4.84%106,537$25M457
007SHOPShopify Inc4.21%171,501$22M111
008DISWalt Disney Co/The3.92%199,953$21M379
009UBERUber Technologies Inc3.89%289,215$20M424
010BKNGBooking Holdings Inc3.67%114,621$19M432
011NFLXNetflix Inc3.24%236,699$17M493
012SPOTSpotify Technology SA2.96%30,456$16M138
013ADBEAdobe Inc2.84%59,784$15M475
014MELIMercadoLibre Inc2.56%7,502$13M225
015INTUIntuit Inc2.34%40,466$12M457

Showing 1–15 of 79 holdings

PNQI Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

PNQI$9,067
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. PNQI $9,067. SPY $11,723. Use the arrow keys to read each point.$7,240$9,668$12,097Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for PNQI. Periods over one year show the average yearly return.
PeriodPNQI
Year to date−4.2%
1 month−0.3%
3 months+15.5%
1 year−9.3%
3 years+19.3%per year
5 years+0.9%per year
10 years+11.4%per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for PNQI
YearReturn barPNQI
2026 YTD−4.2%
2025+15.6%
2024+29.4%
2023+60.7%
2022−47.9%
2021−5.6%
2020+61.4%

PNQI in the news

ETF.net Research hasn’t filed on PNQI yet — coverage lands here as it’s written.

PNQI Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
0.00%Last 12 months
Payout per share
NoneLast 12 months

No distributions in the last 12 months.

Distribution history

Payments through 2025

One bar per payment. 2 payments from 2016 to 2025. Dec 18, 2017 $0.0054; Jun 23, 2025 $0.009. Use the arrow keys to read each point.2016201720182019202020212022202320242025
Ex-datePay dateAmount per share
Jun 23, 2025Jun 27, 2025$0.009
Dec 18, 2017Dec 29, 2017$0.0054
Dec 19, 2014Data unavailableData unavailable
Dec 21, 2012Dec 31, 2012$0.0043
Dec 19, 2008Dec 31, 2008$0.0025

PNQI Risk

How much the fund’s monthly returns vary, scaled to a year.
19.0%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.71
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−58.4%
Trough Nov 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.24
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

PNQI Cost

Expense ratio0.60%
  • The middle half of US Thematic funds
  • Median 0.35%

15 of the 21 US Thematic funds charge less.

PNQI costs $60.00 a year on $10,000. The median US Thematic fund costs $35.00.