The investment seeks to track the investment results (before fees and expenses) of the Nasdaq CTA Internet IndexSM.The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. While the ETF invests in only U.S.-listed securities, a fair amount of these companies are still domiciled overseas, meaning that this fund will give investors exposure to this sector on a global scale. From a sector standpoint, PNQI dedicates the majority of its assets to technology, and to the lesser-known consumer cyclical sector.