Should You Invest in the Invesco NASDAQ Internet ETF (PNQI)?

Core Insights - The Invesco NASDAQ Internet ETF (PNQI) is designed to provide broad exposure to the Technology - Internet segment of the equity market, appealing to both retail and institutional investors due to its low costs, transparency, flexibility, and tax efficiency [1][2] Fund Overview - PNQI was launched on June 12, 2008, and has accumulated assets exceeding $780.95 million, categorizing it as an average-sized ETF [3] - The ETF aims to match the performance of the NASDAQ Internet Index before fees and expenses [3][4] Cost Structure - The annual operating expenses for PNQI are 0.6%, which is competitive within its peer group, and it has a 12-month trailing dividend yield of 0.02% [5] Sector Exposure and Holdings - The ETF has a significant allocation in the Telecom sector, comprising about 34% of the portfolio, followed by Information Technology and Consumer Discretionary [6] - Meta Platforms Inc (META) represents approximately 8.33% of total assets, with Amazon.com Inc (AMZN) and Microsoft Corp (MSFT) also among the top holdings; the top 10 holdings account for about 60.5% of total assets [7] Performance Metrics - PNQI has gained approximately 12.66% year-to-date and around 33.82% over the past year as of August 12, 2025; it has traded between $39.02 and $53.029 in the last 52 weeks [8] - The ETF has a beta of 1.22 and a standard deviation of 24.14% over the trailing three-year period, indicating a higher risk profile [8] Investment Alternatives - PNQI holds a Zacks ETF Rank of 2 (Buy), suggesting it is a favorable option for investors seeking exposure to the Technology ETFs segment [9] - Other ETFs in the space include ALPS (OGIG) and First Trust Dow Jones Internet ETF (FDN), with respective assets of $157.37 million and $7.27 billion, and expense ratios of 0.48% and 0.49% [10]