Key stats
About iShares Nasdaq-100 ex Top 30 ETF
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Inception date
Oct 23, 2024
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Qualified dividends
Primary advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
QNXT targets companies ranked 31st to 100th by market capitalization within the Nasdaq-100 Index, providing exposure to approximately 70 non-financial firms. The fund launches alongside a sister fund that captures the top 30 names. The ETF employs a market-cap weighting system, applying caps of 22.5% for individual issuers and an aggregate cap of 48% for those exceeding 4.5%. QNXT regularly reviews its investments with quarterly rebalancing to reflect market movements and corporate developments. The fund invests at least 80% of its assets in the index components and may utilize derivatives and cash equivalents to enhance tracking accuracy while focusing on growth-oriented sectors such as technology and consumer discretionary.
Classification
What's in the fund
Exposure type
Technology Services
Electronic Technology
Stock breakdown by region
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