The Invesco QQQ Trust is commonly referred to as the QQQ ETF. It’s one of the top 10 tech ETFs that’s structured like a unit investment trust (UIT). It only invests in non-financial stocks listed on the NASDAQ, and it effectively ignores other sectors as well. As a result, it skews heavily away from a broad-based large-cap portfolio, and QQQ has massive exposure to tech, but it’s not a ‘tech fund’ in the traditional sense. The fund’s complicated weighting rules further distance it from anything that’s even remotely similar to simple vanilla large-cap (or pure-play tech) coverage. The ETF has much more concentration in its top holdings, and it’s more volatile than our standard vanilla large-cap index. Despite this, the fund has a lot of name recognition for its underlying index NASDAQ-100, which includes 100 of the largest non-financial companies listed on the NASDAQ stock exchange. With a focus on technology, healthcare, and consumer discretionary sectors, QQQ offers investors exposure to industry giants like Apple, Microsoft, Amazon, and Alphabet.