State Street Investment Management today announced the launch of the State Street® SPDR® Portfolio Nasdaq® 100 ETF (QNDX), designed to track the Nasdaq-100 Index® and provide investors with a low-cost, growth-oriented core equity allocation. Priced at 10 bps, investors may consider QNDX a foundational portfolio building block across market cycles.
The Nasdaq-100 Index® is designed to represent 100 of the largest Nasdaq-listed non-financial companies, offering exposure to sectors that have driven durable earnings growth through changing market conditions1 — including Technology, Consumer Discretionary, and Health Care — while also capturing established companies with global scale. Nine of the 10 largest US publicly traded companies by market capitalization are in the Nasdaq-100 Index®, underscoring its role in large-cap growth leadership.2
“Investors today are looking for efficiency at the core of their portfolios without sacrificing growth potential,” said Anna Paglia, Chief Business Officer at State Street Investment Management. “QNDX has been built with this need in mind, combining low cost with exposure to many of the market’s largest and most established growth companies, which may make it a compelling core allocation rather than a tactical position.”
“We’re excited to expand our partnership with State Street Investment Management through the launch of QNDX,” said Emily Spurling, Global Head of Index at Nasdaq. “The Nasdaq-100® is one of the most widely recognized benchmarks globally and home to many of the most influential companies shaping the modern economy. We’re pleased to see expanded access to the large-cap innovation and growth that define the Nasdaq-100®.”
Investors looking to complement a broad market allocation may consider adding QNDX for a more intentional growth tilt to their equity foundation. When used as a long-term allocation, QNDX may provide cost-effective growth exposure, with the potential to support capital appreciation and long-term compounding.
QNDX is the latest addition to the State Street® SPDR® Portfolio ETF suite, 26 portfolio building blocks designed to help investors build a diversified core portfolio while keeping more of what they earn. The suite provides exposure to US equity, international equity, and fixed income asset classes. As of June 15, 2026, the suite had approximately $433 billion in assets under management.3
For more information about the State Street® SPDR® Portfolio Nasdaq® 100 ETF, visit www.statestreet.com/QNDX.
About State Street Investment Management
At State Street Investment Management, we have been helping create better outcomes for institutions, financial intermediaries, and investors for nearly half a century. Starting with our early innovations in indexing and ETFs, our rigorous approach continues to be driven by market-tested expertise and a relentless commitment to those we serve. With over $5 trillion in assets managed*, clients in 60 countries, and a global network of strategic partners, we use our scale to deliver a comprehensive and cost-effective suite of investment solutions that help investors get wherever they want to go. State Street Investment Management is the asset management arm of State Street Corporation (NYSE: STT).
*This figure is presented as of March 31, 2026 and includes ETF AUM of $1,940.32 billion USD of which approximately $184.18 billion USD in gold assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Investment Management are affiliated. Please note all AUM is unaudited.
Important Risk Information
Investing involves risk including the risk of loss of principal.
The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without SSGA’s express written consent.
All information is from SSGA unless otherwise noted and has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for, decisions based on such information and it should not be relied on as such.
The information provided does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor’s particular investment objectives, strategies, tax status or investment horizon. You should consult your tax and financial advisor.
The performance data quoted represents past performance. Past performance does not guarantee future results.
The trademarks and service marks referenced herein are the property of their respective owners. Third party data providers make no warranties or representations of any kind relating to the accuracy, completeness or timeliness of the data and have no liability for damages of any kind relating to the use of such data.
ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.
While the shares of ETFs are tradable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress.
Equity securities may fluctuate in value and can decline significantly in response to the activities of individual companies and general market and economic conditions.
Returns on investments in stocks of large companies could trail the returns on investments in stocks of smaller and mid-sized companies.
Non-diversified funds that focus on a relatively small number of securities tend to be more volatile than diversified funds and the market as a whole.
Funds managed with an index investment strategy attempt to track the performance of an unmanaged index of securities, regardless of the current or projected performance of the index or of the actual securities comprising the index. This differs from an actively managed fund, which typically seeks to outperform a benchmark index. As a result, the performance of a fund managed with an index investment strategy may be less favorable than if such fund employed an active strategy. While a fund managed with an index investment strategy seeks to track the performance of an index as closely as possible, the fund’s return may not match or achieve a high degree of correlation with the return of the index due to operating expenses, transaction costs, and cash flows.
Market Risk: The Fund’s investments are subject to changes in general economic conditions, general market fluctuations and the risks inherent in investment in securities markets. Investment markets can be volatile, and prices of investments can change substantially due to various factors, including, but not limited to, economic growth or recession, changes in interest rates, inflation, changes in the actual or perceived creditworthiness of issuers, and general market liquidity. The Fund is subject to the risk that geopolitical events will disrupt securities markets and adversely affect global economies and markets. Local, regional or global events such as war, military conflicts, acts of terrorism, trade policy changes or disputes, the threat or actual imposition of tariffs, natural disasters, the spread of infectious illness or other public health issues, or other events could have a significant impact on the Fund and its investments.
Intellectual Property Information:
The S&P 500® Index is a product of S&P Dow Jones Indices LLC or its affiliates (“S&P DJI”) and have been licensed for use by State Street Global Advisors. S&P® , SPDR® , S&P 500® ,US 500 and the 500 are trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and has been licensed for use by S&P Dow Jones Indices; and these trademarks have been licensed for use by S&P DJI and sublicensed for certain purposes by State Street Global Advisors. The fund is not sponsored, endorsed, sold or promoted by S&P DJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of these indices.
Nasdaq®, Nasdaq-100 Index®, NDX®, and Nasdaq-100® are registered trademarks of Nasdaq, Inc. Information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither Nasdaq, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies or Nasdaq proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
Distributor: State Street Global Advisors Funds Distributors, LLC, member FINRA, SIPC, an indirect wholly owned subsidiary of State Street Corporation. References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SPDR ETFs.
Before investing, consider the fund’s investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 or visit www.statestreet.com/im. Read it carefully.
Not FDIC Insured – No Bank Guarantee – May Lose Value
© 2026 State Street Corporation. All Rights Reserved.
State Street Global Advisors Funds Distributors, LLC, One Congress Street, Boston, MA 02114
8982073.1.1.AM.RTL
Exp. Date 6/30/2027
|
1 Source: FactSet, as of December 31, 2025. Over the trailing 10-year period from December 31, 2015 to December 31, 2025, the Nasdaq-100 Index posted higher annualized earnings growth (12.3%) than the S&P 500 (7.8%), Russell 1000 (7.9%), and Russell 1000 Growth (9.4%) |
|
2 Bloomberg Finance, L.P., as of June 3, 2026, based on the Nasdaq-100 Index and publicly traded US firms on US exchanges using float adjusted market capitalization. Alphabet parent Google is treated as a singular company across both Alphabet share classes. |
|
3 Source: Bloomberg Finance L.P. as of June 15, 2026. |
View source version on businesswire.com: https://www.businesswire.com/news/home/20260624404380/en/
Media gallery
