Unlocking the Potential of VictoryShares Nasdaq Next 50 ETF (QQQN)
QQQN - Market Position
| Ticker Symbol | Product Type | Asset Class | Strategy | Payment Frequency | Geographic Focus | Expense Ratio | Sponsor |
|---|---|---|---|---|---|---|---|
| QQQN | ETF | Equity | Passive | Quarterly | Global | 0.15% | Victory Capital Management Inc. |
QQQN Overview - The VictoryShares Nasdaq Next 50 ETF
The VictoryShares Nasdaq Next 50 ETF (QQQN), also known as the QQQN fund, belongs to the family of exchange-traded funds (ETFs). It focuses on mid-cap growth stocks listed on the Nasdaq stock exchange. QQQN aims to provide investors with exposure to innovative companies poised for future success.
QQQN's investment strategy incorporates a blend of fundamental analysis and technical indicators to identify promising opportunities. Investors can analyze QQQN's performance and trading data using platforms like Morningstar and Yahoo Finance.
Additionally, QQQN investors can stay informed about the latest ETF news, dividend information, and ESG (Environmental, Social, and Governance) factors influencing the fund's performance. Victory Capital, the sponsor of QQQN, provides valuable insights and analyst reports to guide investors in their decision-making process.
With a focus on mid-cap growth companies, QQQN offers investors the potential for capital appreciation and exposure to emerging trends in technology and other sectors. Analysts often assess QQQN's ETF grades and fund flows to gauge its popularity and market sentiment.
QQQN - Price / Yield
QQQN - Portfolio and Asset Allocation
The VictoryShares Nasdaq Next 50 ETF (QQQN) is a fund focusing on mid-cap growth stocks across various sectors. The top 10 holdings reveal a mix of companies from different industries, such as technology (Super Micro Computer, Monolithic Power Systems), consumer cyclical (Tractor Supply Company, Ebay Inc.), healthcare (Icon Plc), and communication services (Axon Enterprise, Inc.).
The asset allocation further reinforces the fund's sector diversification strategy, with investments spread across multiple sectors. Technology (44.95%) and Healthcare (20.29%) make up the largest allocations, followed by Consumer Cyclical (14.67%) and Industrials (11.14%). This sector distribution suggests that the fund seeks to capture the growth potential of dynamic sectors while managing risk through exposure to a variety of industries.
The presence of companies like Super Micro Computer, Monolithic Power Systems, and Icon Plc among the top holdings indicates a focus on innovative, growth-oriented companies with strong market positions. These companies often have a history of consistent growth and are positioned for future success in their respective industries.
However, it's important to note that the fund also has exposure to sectors like Communication Services and Basic Materials, which can be more volatile and sensitive to market conditions. Nonetheless, the relatively lower allocations to these sectors suggest that the fund managers are conscious of managing risk and maintaining a balanced portfolio.
Top 10 Holdings
As of May 14, 2024, the top 10 holdings of the VictoryShares Nasdaq Next 50 ETF (QQQN) are:
| Name | Weight |
|---|---|
| Super Micro Computer | 4.36% |
| Monolithic Power Systems | 3.93% |
| Tractor Supply Company | 3.24% |
| Ebay Inc | 2.96% |
| Icon Plc | 2.89% |
| Western Digital Corp. | 2.69% |
| NetApp Inc | 2.48% |
| Axon Enterprise, Inc. | 2.41% |
| PTC Inc. | 2.39% |
| Draftkings Inc | 2.38% |
Asset Allocation
The VictoryShares Nasdaq Next 50 ETF (QQQN) has the following asset allocation as of May 14, 2024:
| Sector | Weight |
|---|---|
| Technology | 44.95% |
| Healthcare | 20.29% |
| Consumer Cyclical | 14.67% |
| Industrials | 11.14% |
| Communication Services | 6.60% |
| Basic Materials | 2.37% |
Dividend Yield and Distribution History
| Section | Details |
|---|---|
QQQN Dividend Data |
The VictoryShares Nasdaq Next 50 ETF (QQQN) pays quarterly dividends. The most recent ex-dividend date was on Jul 07, 2022, with a dividend payment of $0.24 per share. |
QQQN Dividend Yield |
As of Apr 22, 2024, the 30-day SEC yield for QQQN is 0.29%. This means that for every $100 invested in the fund, investors would receive approximately 0.0% in dividends per year, assuming the yield remains constant. |
QQQN Dividend History |
QQQN has a history of paying quarterly dividends. The dividend payments may fluctuate based on the performance of the underlying dividend-paying stocks held by the fund. |
QQQN Dividend Growth |
QQQN's dividend payments are dependent on the dividend growth and performance of the underlying stocks in the fund's portfolio. The fund's investment strategy focuses on companies with a history of consistent dividend growth, which may contribute to increasing dividend payments over time. However, dividend growth is not guaranteed. |
QQQN Dividend Stability |
QQQN aims to provide a relatively stable income stream by investing in high-quality, dividend-paying stocks of mid-cap growth companies. However, the dividend payments are not guaranteed and may be affected by changes in market conditions or the performance of the underlying stocks in the fund's portfolio. |
QQQN - Chart
QQQN - Comparative Analysis
Let's compare QQQN with prominent competitors, focusing on key aspects like performance, fees, and strategy: (as of May 2024)
| QQQN | QQQ | QTEC | |
|---|---|---|---|
| Investment Focus | Tracks the performance of the Nasdaq Next 50 Index, focusing on mid-cap growth stocks | Tracks the performance of the Nasdaq-100 Index, focusing on large-cap technology companies | Tracks the performance of the NASDAQ-100 Technology Sector Index, specifically focusing on technology companies |
| Current Yield | 0.87% | 0.49% | 0.07% |
| Expense Ratio | 0.18% | 0.20% | 0.57% |
| Investment Strategy | Tracks mid-cap growth stocks on the Nasdaq Next 50 Index | Tracks large-cap technology stocks on the Nasdaq-100 Index | Focuses on technology companies within the NASDAQ-100 Technology Sector Index |
| Strengths | Provides exposure to mid-cap growth stocks, potentially higher growth opportunities | Broad exposure to large-cap technology companies, highly liquid | Focuses specifically on the technology sector, potential for concentrated growth |
| Weaknesses | May have higher volatility due to mid-cap focus | May lack diversification beyond technology sector | Concentrated exposure to one sector may increase risk |
Dividend History (Last 5 distributions)
| Ex-Dividend Date | Cash Amount | Record Date | Pay Date |
|---|---|---|---|
| May 09, 2024 | <$0.01 | May 10, 2024 | May 13, 2024 |
| Apr 11, 2024 | $0.04 | Apr 12, 2024 | Apr 15, 2024 |
| Mar 11, 2024 | $0.05 | Mar 12, 2024 | Mar 13, 2024 |
| Feb 09, 2024 | <$0.01 | Feb 12, 2024 | Feb 13, 2024 |
| Jan 11, 2024 | <$0.01 | Jan 12, 2024 | Jan 16, 2024 |
News
Technical Analysis
Additional Information and Risks
The VictoryShares NASDAQ Next 50 ETF (QQQN) emphasizes security and performance while incorporating a diverse array of factors. It seeks to achieve its investment objective by allocating at least 80% of its assets to securities, particularly focusing on tracking the NASDAQ Q-50 index. This index, comprising stocks listed on the NASDAQ US Q-50 TR USD, serves as QQQN's benchmark, guiding its investment strategy. Employing technical analysis and performance metrics, QQQN aims for accurate replication of the index, providing investors with reliable results.
In addition to financial metrics, QQQN integrates environmental, social, and governance (ESG) research from MSCI ESG Materials, ensuring responsible investment practices. Supported by a registered investment adviser and complying with regulatory bodies like the US SEC, QQQN offers investors a secure option for diversification. While past performance is not indicative of future results, QQQN's inclusion in the NASDAQ-100 index underscores its potential for long-term growth.
As investors explore multi-asset class mutual funds and ETFs globally, QQQN stands out as a robust choice. Leveraging advanced data and research, QQQN navigates market fluctuations effectively. It provides investors with the opportunity to diversify their portfolios and pursue their investment objectives with confidence.