Invesco QQQ Trust Series 1: Complete Overview
Introduction
The Invesco QQQ Trust Series 1 is one of the most popular ETFs in the U.S. financial market. Often recognized by its ticker symbol QQQ, this fund offers investors an efficient way to gain exposure to the Nasdaq-100 Index, which features the biggest non-financial companies on the Nasdaq exchange. This article gives you a full breakdown of what makes this ETF unique.
What Is Invesco QQQ Trust Series 1?
Invesco QQQ Trust Series 1 is a unit investment trust (UIT) that aims to mirror the performance of the Nasdaq-100 Index. It includes 100 of the largest non-financial companies listed on Nasdaq, focusing on industries like technology, communication, and consumer services.
It was launched in March 1999 and is issued by Invesco, a globally recognized asset management firm.
Ticker Symbol and Exchange
- Ticker Symbol: QQQ
- Exchange: Nasdaq
- CUSIP Number: 46090E103
The fund is commonly referred to simply as “QQQ” in trading platforms and financial media.
Structure: What Does “Series 1” Mean?
The term “Series 1” identifies the original trust created for this ETF. It distinguishes this particular structure from any potential future iterations or series that Invesco might issue. Although most investors refer to it as QQQ, Series 1 is its formal legal classification.
Key Facts About Invesco QQQ Trust Series 1
| Attribute | Details |
|---|---|
| Fund Type | Unit Investment Trust (UIT) |
| Issuer | Invesco |
| Launch Date | March 10, 1999 |
| Index Tracked | Nasdaq-100 Index |
| Expense Ratio | 0.20% |
| Holdings | 100 Non-financial Companies |
| Dividend Frequency | Quarterly |
Top Holdings (as of 2025)
The QQQ Trust is known for heavy allocations to leading tech stocks:
- Apple Inc. (AAPL)
- Microsoft Corp. (MSFT)
- Nvidia Corp. (NVDA)
- Amazon.com Inc. (AMZN)
- Meta Platforms Inc. (META)
These holdings make QQQ one of the most tech-focused ETFs on the market.
Benefits of Investing in QQQ Trust Series 1
- Instant diversification within the top Nasdaq stocks
- High liquidity for both retail and institutional investors
- Proven track record with long-term growth
- Options and derivatives availability for advanced strategies
Limitations to Consider
- Sector concentration in tech and communication services
- No exposure to financials or small-cap stocks
- Volatile in bear markets or during tech sell-offs
Final Thoughts
The Invesco QQQ Trust Series 1 is a powerful, well-established ETF that provides direct exposure to some of the most influential companies in the world. Whether you’re an active trader or a long-term investor, understanding the legal structure and holdings of this fund can help you make smarter investment decisions.
FAQs
Is QQQ the same as Invesco QQQ Trust Series 1?
Yes, QQQ is the trading symbol for the Invesco QQQ Trust Series 1.
What kind of fund is QQQ?
It is a Unit Investment Trust (UIT), not a mutual fund or standard open-ended ETF.
Who manages the QQQ ETF?
It is managed by Invesco, a global investment firm.
Does the Series 1 designation matter to investors?
Not typically—it’s more of a legal classification than a feature affecting performance.
Can you buy QQQ through any broker?
Yes, QQQ is available on most major brokerage platforms.
