ETF Evaluator:
State Street® SPDR® PrtflNsdq®100ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Large Blend Over the Last Year
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| 33.9% | Impact Shares NAACP Minority Empwrmt ETF (NACP) |
| 31.8% | Astoria US Equal Weight Quality KingsETF (ROE) |
| 30.5% | FIS Bright Portfolios Focused Equity ETF (BRIF) |
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ETF Details
State Street® SPDR® PrtflNsdq®100ETF Overview
State Street® SPDR® PrtflNsdq®100ETF (QNDX) is a passively managed U.S. Equity Large Blend exchange-traded fund (ETF). State Street Investment Management launched the ETF in 2026.
The investment seeks to provide investment results that,before fees and expenses, correspond generally to the total return performance of an index that tracks theperformance of large capitalization equity securities of non-financial companies listed on a U.S. exchange.
Under normal market conditions, the fund will invest at least 80% of its net assets (plus the amount of borrowings for investment purposes) in the securities comprising the index it seeks to track. The fund is non-diversified.
About State Street® SPDR® PrtflNsdq®100ETF (QNDX)
There are 3 members of the management team with an average tenure of 0.10 years: Thomas Coleman (2026), Emiliano Rabinovich (2026) and Karl Schneider (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: NASDAQ 100 TR USD index with a weighting of 100%. State Street® SPDR® PrtflNsdq®100ETF has 106 securities in its portfolio. The top 10 holdings constitute 46.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
State Street® SPDR® PrtflNsdq®100ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. State Street® SPDR® PrtflNsdq®100ETF has 2.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.3% There is 2.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). State Street® SPDR® PrtflNsdq®100ETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $153 million in total assets, which is below the $13 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
QNDX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The State Street® SPDR® PrtflNsdq®100ETF expense ratio is low compared to funds in the Large Blend category. State Street® SPDR® PrtflNsdq®100ETF has an expense ratio of 0.10%, which is 76% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. State Street® SPDR® PrtflNsdq®100ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 158% for the Large Blend category.
Recently, in the month of July 2026, State Street® SPDR® PrtflNsdq®100ETF returned -6.6%, which earned it a grade of F, as the Large Blend category had an average return of -0.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
State Street® SPDR® PrtflNsdq®100ETF has a trailing yield of 0.00%, which is below the 1.16% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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QNDX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| QNDX Return (NAV) | -6.6% | na | na | na | na | na |
| QNDX Return (Price) | -6.6% | na | na | na | na | na |
| NAV +/- Price Return | -0.019% | na | na | na | na | na |
| Large Blend Avg | -0.8% | 3.7% | 17.5% | 17.4% | 11.2% | 13.6% |
| QNDX Grade (NAV) | F | na | na | na | na | na |
| +/- Category (NAV) | -5.8% | na | na | na | na | na |
| QNDX Tax-Cost Ratio | na | na | na | na | na | na |
QNDX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| QNDX Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| QNDX Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Large Blend Avg | 9.5% | 15.3% | 21.9% | 22.9% | -17.1% | 26.9% | 18.3% | 29.6% | -5.1% | 21.5% | 11.4% |
| QNDX Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 154 Mil |
| Share Class Assets: | $ 154 Mil |
| Turnover: | na |
| Expense Ratio: | 0.10% |
| Index Fund: | Yes |
| Index Tracked: | NASDAQ 100 TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 0.1 years | |||
| Average Tenure: 0.1 years | |||
| Managers (Year): Coleman Thomas (2026), Rabinovich Emiliano (2026), Schneider Karl (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 106 |
| % in Top 10 Holdings: | 46.4% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 2.7% |
Portfolio Allocation |
|
| Domestic Stock: | 97.3% |
| Foreign Stock: | 2.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | State Street Investment Management |
| Phone Number: | 866-787-2257 |
| Website: | www.spdrs.com |
| Inception Date: | June 23, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.10% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.41% |
