Group 1 - The Invesco NASDAQ Internet ETF (PNQI) has been operational since 2008 and is recognized as a long-standing thematic ETF in the U.S. growth stock sector, delivering excellent returns over its 17 years of operation [1] - The ETF is part of a broader investment group led by Ian, which includes features such as a Weekend Digest that covers new ideas, updates on current holdings, macro analysis, trade alerts, and direct access to Ian [1] Group 2 - Ian Bezek, a former hedge fund analyst, has extensive experience in Latin American markets, focusing on countries like Mexico, Colombia, and Chile, and specializes in high-quality compounders and growth stocks at reasonable prices in the U.S. and other developed markets [2]

Core Insights - The First Trust Dow Jones Internet ETF (FDN) is a passively managed ETF launched on June 19, 2006, aimed at providing broad exposure to the Technology - Internet segment of the equity market [1] - The Technology - Internet sector is currently ranked 4th among the 16 Zacks sectors, placing it in the top 25% [2] Fund Overview - FDN is sponsored by First Trust Advisors and has over $7.88 billion in assets, making it one of the largest ETFs in its category [3] - The ETF seeks to match the performance of the Dow Jones Internet Composite Index, which includes companies primarily focused on Internet-related activities [3] Cost Structure - The annual operating expenses for FDN are 0.49%, which is competitive with most peer products in the ETF space [4] Sector Exposure and Holdings - The ETF has a significant allocation in the Telecom sector, accounting for approximately 34.3% of the portfolio, followed by Information Technology and Consumer Discretionary [5] - Meta Platforms Inc. (class A) (META) constitutes about 10.63% of total assets, with Amazon.com, Inc. (AMZN) and Netflix, Inc. (NFLX) also among the top holdings; the top 10 holdings represent about 63.94% of total assets [6] Performance Metrics - Year-to-date, FDN has returned roughly 17.2%, and it was up about 46.19% over the last 12 months as of September 10, 2025 [7] - The ETF has traded between $198.51 and $284.99 in the past 52 weeks, with a beta of 1.16 and a standard deviation of 24.91% over the trailing three-year period, indicating a higher risk profile [7] Investment Alternatives - FDN holds a Zacks ETF Rank of 1 (Strong Buy), indicating strong expected performance based on various factors [8] - Other ETFs in the space include ALPS (OGIG) and Invesco NASDAQ Internet ETF (PNQI), with respective assets of $162.17 million and $815.91 million, and expense ratios of 0.48% and 0.6% [9]

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]