State Street SPDR Portfolio Nasdaq 100 ETF (QNDX)

The State Street SPDR Portfolio Nasdaq 100 ETF (ticker QNDX) is a passively managed exchange-traded fund from State Street Investment Management, part of its low-cost SPDR Portfolio lineup. It seeks to track the Nasdaq-100 Index.

The index includes roughly 100 of the largest non-financial companies listed on the Nasdaq Stock Market, weighted by a modified market-capitalization method. The fund holds the index constituents directly, giving it heavy exposure to technology, communication services and consumer discretionary companies.

The index is reconstituted annually and rebalanced quarterly, and the fund adjusts its holdings to follow those changes.