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 conditions — 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.

“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.