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Invesco EQQQ Nasdaq-100 UCITS ETF (Dist) (EQQQ.L)

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A pricier, more concentrated fund holding the 100 biggest non-financial companies on the Nasdaq, tilted hard toward tech.

£533.44

Is Invesco EQQQ Nasdaq-100 UCITS ETF (Dist) a good fund for a UK beginner?

The honest version: A pricier, more concentrated fund holding the 100 biggest non-financial companies on the Nasdaq, tilted hard toward tech.

No rating · no target price · nothing for sale here
Price+38.1%
52-week range+32% past year
£533.44
Low £412.54High £565.59
Where today's price sits versus its past year - context, not a signal.
If you had put £1,000 into Invesco EQQQ Nasdaq-100 UCITS ETF (Dist)
£1,381+38%

Over about 2 years to 2026-07-15. This is the share price only; any dividends would add to it. Past performance is not a guide to the future, and it could just as easily have fallen.

Why has it been moving?▲ +0% past week · ▲ +32% past year

This is a fund, so it moves with its whole basket (US) - not any single company's news. One share having a bad day barely shows up here.

The bull case

Assumes a sustained tech-led boom compounding over five years, as the Nasdaq has managed in past strong runs.

The bear case

Assumes a lost half-decade or a dot-com-style unwind for richly valued tech before any recovery.

What does Invesco EQQQ Nasdaq-100 UCITS ETF (Dist) do?

EQQQ tracks the Nasdaq-100, the 100 largest non-financial companies on the US Nasdaq exchange, so it's dominated by technology and other growth names and noticeably more concentrated than an S&P 500 fund. One purchase gives you that focused, tech-heavy slice of the US market, which is why it has swung further in both directions than the broader index. It's Distributing, paying dividends out as cash, and carries a higher 0.30% fee than the S&P 500 trackers. That extra concentration cuts both ways: bigger potential gains in the good years, but deeper falls when tech slumps, plus the usual US-dollar effect on your pound returns.

What it tracks

The 100 largest non-financial companies on the Nasdaq exchange - very technology-heavy, so more concentrated and more volatile than the S&P 500.

OCF: Ongoing Charge Figure: the fund's yearly running cost, taken automatically. 0.22% is about £2.20 a year for every £1,000 you hold.
0.3%
≈ £3.00 a year per £1,000 invested
Yield: The income the fund has paid out over the past year as a percentage of its price. Accumulating funds reinvest this for you instead of paying cash.
Paid out as cash
Acc / Dist: Accumulating (Acc) reinvests dividends inside the fund automatically; Distributing (Dist) pays them to you as cash. Same index either way.
Distributing
income paid as cash
Holdings: Roughly how many different investments the fund spreads your money across. More holdings usually means more diversification.
100
Spread of your money
Index
Nasdaq-100
United States (tech-heavy)
Domicile
Ireland
ISA-eligible
Replication
Physical (holds the underlying shares)
Category
US
Where it fits in a portfolio

What's actually inside this fund?

Its 10 biggest holdings

  1. 1NVIDIA Corp7.6%
  2. 2Apple Inc6.7%
  3. 3Micron Technology Inc5.6%
  4. 4Microsoft Corp4.3%
  5. 5Advanced Micro Devices Inc4.1%
  6. 6Amazon.com Inc4.0%
  7. 7Tesla Inc3.3%
  8. 8Alphabet Inc Class A3.3%
  9. 9Intel Corp3.0%
  10. 10Alphabet Inc Class C3.0%

The top 10 add up to about 45% of the fund. A large chunk sits in just a handful of names - less spread than the total holding count suggests.

By sector

  • Technology61%
  • Communications13%
  • Consumer cyclical11%
  • Consumer staples6%
  • Healthcare4%
  • Industrials3%
  • Utilities1%
  • Materials1%

Top holdings and sector split from the fund's published data as of the figures date - they drift over time as the fund and the index change.

What's strong
  • Concentrated exposure to the biggest US tech and growth names, which have driven strong past returns
  • Simple one-holding way to tilt toward technology
  • Distributing, so it pays visible cash dividends
What to watch
  • Tech-led crashes have taken the Nasdaq-100 down 50%+ historically
  • Being narrow, a few names' troubles can sink the whole fund
  • Growth stocks are sensitive to rising interest rates, adding to volatility

What do Invesco EQQQ Nasdaq-100 UCITS ETF (Dist)'s numbers mean?

Concentration vs S&P 500
100 holdings, very tech-heavy
Fewer companies and an even bigger tech weighting than the S&P 500, so its ups and downs are amplified by a narrow set of names.
Currency exposure
~100% USD
Holdings are in dollars, so GBP/USD moves add a swing on top of the shares' own moves, magnified because the fund is already volatile.
Ongoing charge (OCF)
0.30%
About £30 a year per £10,000, over four times the S&P 500 trackers' 0.07%; that gap quietly compounds against you over many years.
Historical drawdown
~-33% (2022), ~-50%+ (2000-02)
The Nasdaq-100 has fallen harder than the S&P 500: it lost more than half its value in the dot-com bust and dropped about a third in 2022, so its bad years are rougher.

More in US

Vanguard S&P 500 UCITS ETF (Acc)Vanguard S&P 500 UCITS ETF (Dist)iShares Core S&P 500 UCITS ETF (Acc)iShares Core S&P 500 UCITS ETF (Dist)Invesco S&P 500 UCITS ETF AccSPDR S&P 500 UCITS ETF (Dist)Xtrackers S&P 500 UCITS ETF 4CVanguard FTSE North America UCITS ETF (Dist)
Appears in
VUAG vs EQQQ

What are the scenarios for Invesco EQQQ Nasdaq-100 UCITS ETF (Dist)?

An illustrative range for the year ahead, with the assumption behind each case — not a prediction or a price target.

£728£533£221today · £533▲ Bull · £651• Base · £579▼ Bear · £309in 1 yearILLUSTRATIVE · NOT A PREDICTION OR PRICE TARGET
Bull
+14% to +30%Assumes a strong risk-on year with booming tech and AI earnings and falling rates, which this concentrated index amplifies.
Base
+5% to +12%Assumes solid but unspectacular tech growth with roughly flat valuations.
Bear
-32% to -52%Assumes a tech-led rout or rate shock; the narrow, growth-heavy makeup means it falls further than the S&P 500.

What are the pros and cons of Invesco EQQQ Nasdaq-100 UCITS ETF (Dist)?

3bull points
6bear points

How many points the write-up makes each way — a balance check, not a score or verdict.

The bull case3
  • Concentrated exposure to the biggest US tech and growth names, which have driven strong past returns
  • Simple one-holding way to tilt toward technology
  • Distributing, so it pays visible cash dividends
The catch3
  • Higher 0.30% fee that compounds against you versus 0.07% S&P 500 trackers
  • Very concentrated and tech-heavy, so it is far less diversified
  • Deeper, more frequent drawdowns than the broad market, plus full USD currency exposure
Key risks3
  • Tech-led crashes have taken the Nasdaq-100 down 50%+ historically
  • Being narrow, a few names' troubles can sink the whole fund
  • Growth stocks are sensitive to rising interest rates, adding to volatility
What would flip the thesis

The write-up's own warning lights — if these start happening, the case above changes.

Confidence: medium · data: GBP · flags: none · Charts by TradingView Lightweight Charts™
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Built from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →

Figures as of 2026-08-01. Prices may be delayed and numbers can go stale - always double-check before acting.