NASDAQ 100 Index
NASDAQ 100 Exchange Traded Funds (ETFs) & Tracking Stocks
The purchase of a single share. That's all it takes to invest in the largest and most actively traded companies on The NASDAQ Stock Marketthe companies of the NASDAQ 100 Index. NASDAQ 100 Index Tracking Stock trades on the American Stock Exchange under the ticker symbol "QQQ."
Exchange Traded Funds (ETFs) & iShares
|Securities||Issuer||Type||Symbol / Root|
|NASDAQ-100 Index Tracking Stock||AMEX||ETF||QQQQ|
|NASDAQ-100 Index Linked Notes||Goldman Sachs||ETF||GSN.A|
|NASDAQ-100 Index "RANGERS Plus"||Lehman Brothers||ETF||RLN.A|
|NASDAQ-100 Index "SUNS"||Lehman Brothers||ETF||LSQ.A|
|Callable NASDAQ-100 Index "MITTS"||Merrill Lynch||ETF||MNM|
|NASDAQ 100 Index Strategic Return Notes||Merrill Lynch||ETF||NSD|
|0.04 percent NASDAQ-100 Index "PERKS"||Morgan Stanley||ETF||PPN|
|NASDAQ-100 Index Principal-Protected Knock-Out Notes||Salomon Smith Barney||ETF||NSX.A|
|NASDAQ-100 Index "TIERS"||Salomon Smith Barney||ETF||NQE|
|NASDAQ-100 Index "TIERS"||Salomon Smith Barney||ETF||NQH|
|NASDAQ-100 Index "TIERS"||Salomon Smith Barney||ETF||TCS|
|NASDAQ-100 Index Options||CBOE||Options||NDX|
|NASDAQ-100 Index Tracking Stock||CBOE||Options||QQQ|
|CBOE Mini-NDX Index Options||CBOE||Options||MNX|
|CBOE Mini-NDX Long-Dated Options||CBOE||Options||MML|
|GSTI® Composite Index Options||CBOE||Options||GTC|
|NASDAQ-100||CME||Options on Futures||ND|
One investment for 100 stocks
With NASDAQ 100 Index Tracking Stock, you can buy or sell shares in the collective performance of the NASDAQ 100 Index in a single transaction - just as you buy or sell shares of individual stocks. It's a one-investment portfolio that gives you ownership in the 100 stocks of the NASDAQ 100 Index.
And because NASDAQ 100 Index Tracking Stock trades like stock, you can buy them on margin, sell short or hold your shares for the long-term. When you purchase NASDAQ 100 Index Tracking Stock, you're investing in the NASDAQ 100 Trust, a unit investment trust that holds shares of the companies in the NASDAQ 100 Index. The Trust is designed to closely track the price and yield performance of the Index - so you can expect your NASDAQ 100 Index Tracking Stock to move up or down in value when the Index moves up or down.
Convenient trading and tracking throughout the day
NASDAQ 100 Index Tracking Stock has been initially priced to approximate 1/40th the value of the NASDAQ 100 Index, and may be bought and sold at intraday prices throughout the trading day - something you can't do with conventional index mutual funds that are generally purchased or redeemed only at an end-of-day closing price related to net asset value.
The pricing of NASDAQ 100 Index Tracking Stock is continuous, subject to any trading halts, during AMEX trading hours. That means you can obtain up-to-the-minute share prices whenever the market is open. Current NASDAQ 100 Index Tracking Stock prices are available from brokers or financial advisers or, on a 20-minute delayed basis..
NASDAQ 100 Index Shares (ETFs, QQQ) Historical Data
12 Month Price and Volume
NASDAQ 100 Index Tracking Stock offers you the ability to help meet an important investment objective - diversification - by allowing you to invest in the performance of the 100 stocks in the NASDAQ 100 Index, a portfolio that includes a range of industries including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology.
Because NASDAQ 100 Index Tracking Stock reflects the collective performance of these companies, the impact of price fluctuations caused by a specific company development will be reduced for holders of NASDAQ 100 Index Tracking Stock. NASDAQ 100 Index Tracking Stock will still be subject, however, to risks specific to the performance of a few component securities that currently represent a highly concentrated weighting in the NASDAQ 100 Index.
If you're investing for the long-term, you can hold your NASDAQ 100 Index Tracking Stock throughout the life of the NASDAQ 100 Trust, a unit investment trust which has a 125-year term, subject to certain early termination events. If you're a more active investor, you can take advantage of market rallies or sell-offs by buying or selling NASDAQ 100 Index Tracking Stock at any time duringAMEX trading hours.
The portfolio of NASDAQ 100 Index stocks held by the NASDAQ 100 Trust is not actively managed, which means the Trust does not try to outperform the NASDAQ 100 Index, just track it closely. And because this tracking requires less costly trading and less portfolio turnover than actively managed portfolios, costs on NASDAQ 100 Index Tracking Stock should be lower than on conventional funds that are actively managed. Indeed, expenses for the NASDAQ 100 Trust are expected to be among the lowest for investments of this type.
Because the NASDAQ 100 Trust portfolio is designed to closely track the NASDAQ 100 Index, it is less likely than actively managed portfolios to experience the trading of securities, which can create potentially high capital gains distributions. The NASDAQ 100 Trust will generally only sell securities to reflect changes in the composition of the Index and to pay Trust expenses.
NASDAQ 100 Index Exchange Information
In addition, since NASDAQ 100 Index Tracking Stock is sold through exchange trading, they also will generally not require the sale of stocks and generation of capital gains that is required by conventional index funds in effecting cash redemptions. While block-sized units of NASDAQ 100 Index Tracking Stock will be created and redeemed from the Trust, they will be created and redeemed only "in kind" (i.e., in shares of stock of NASDAQ 100 Index companies), thus avoiding the sale of stocks and the potential generation of a taxable gain.
ALPS Distributors, Inc., a registered broker-dealer, is distributor for the Trust.
While there is no assurance that the performance of the NASDAQ 100 Index can be fully matched, NASDAQ 100 Index Tracking Stock is designed to provide investment results that generally correspond to the performance of the NASDAQ 100 Index.
The sponsor of the NASDAQ 100 Trust, a unit investment trust, is NASDAQ Financial Products Services, Inc., a wholly owned subsidiary of The NASDAQ Stock Market, Inc. (NASDAQ, collectively with its affiliates except NASDAQ Financial Products Services, Inc., the "Corporations"). Investment returns and principal value will fluctuate so that an investor's shares, when redeemed or sold, may be worth more or less than the original cost.