Fund of the Week: USAA NASDAQ-100 Index Fund (USNQX)

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

Nasdaq in Times Square

News

Fund of the Week: USAA NASDAQ-100 Index Fund (USNQX)

Shauna O'Brien Mar 04, 2015

The NASDAQ index hit the 5000 level for the first time since 2000 earlier this week. The index has been on a bull run since 2009, but has finally reached the all-time-highs that it saw prior to the dot-com bubble. This ascent has largely been lead by Apple (AAPL), which has become a $750 billion company, making its twice as large as any other U.S. company.
Tech has been soaring, causing some investors to be concerned about history repeating itself. However, the NASDAQ’s valuation is different now, as the majority of companies in the index are strong, profitable businesses.

This week, we have chosen the USAA NASDAQ-100 Index Fund (USNQX) as our fund of the week.


Inside the Fund

The USAA NASDAQ-100 Index Fund was launched in October 2000, in the middle of the NASDAQ’s collapse which stretched from March 2000 to April 2001. Currently, this fund is managed by Brent D. Reeder. The fund currently boasts about $785 million in assets under management (AUM).

The fund is primarily composed of Technology, Healthcare and Consumer stocks.

Historical Performance

Largest Holdings

Over 30% of the fund’s portfolio is in its top five holdings. The YTD performance of these holdings are mostly positive.


The Bottom Line

For investors seeking exposure to the soaring NASDAQ, an index fund like the USAA NASDAQ-100 Index (USNQX) may be a good choice. Investors seeking an ETF alternative to this fund should consider QQQ. For more information, be sure to read about How Index Mutual Funds Work.

If you’ve enjoyed this article, sign up for the free MutualFunds.com newsletter; we’ll send you similar content weekly.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Please Enter Your Email
Please Select Your Advisor Type

Popular Articles

Download Our Free Report

Why 30 trillion is invested in mutual funds book