iShares Nasdaq-100 ex Top 30 ETF (QNXT)

The iShares Nasdaq-100 ex Top 30 ETF (ticker QNXT) is a passively managed exchange-traded fund from BlackRock's iShares. It seeks to track an index made up of the Nasdaq-100 constituents that remain after the 30 largest companies are excluded.

By removing the biggest names, which account for a large share of the standard Nasdaq-100, the fund focuses on the remaining roughly 70 large non-financial companies listed on Nasdaq. This shifts weight away from the dominant mega-cap technology firms toward a broader set of technology, health care, consumer and industrial businesses.

The fund can be used alongside iShares' Nasdaq Top 30 product to separate the index into its largest and remaining components.