Invesco QQQ ETF reclassification: Proxy vote information

What’s happening?

Invesco is proposing to modernize the QQQ ETF by reclassifying it from its current trust structure to an open-ended ETF. Shareholders of record as of August 15, 2025, will be invited to vote on this proposal via a proxy solicitation.

What does this mean for shareholders?

• Lower expense ratio: The QQQ expense ratio will decrease from 0.20% to 0.18%.
• Enhanced reporting and oversight: Enjoy greater transparency with semi-annual reports, Board oversight, and summary prospectuses.
• No tax impact: The reclassification will not result in any tax consequences for shareholders.

What’s not changing?

• Investment objective: QQQ will continue to track the Nasdaq-100® Index.
• Management team: The same managers and operational team will remain in place.

Are you a QQQ shareholder?

Cast your vote before the October 24, 2025 deadline.

Your control number will be needed to vote. You can find your control number however you received your proxy statement, either via mail or e-mail. Alternatively, certain shareholders can contact our proxy solicitor, Sodali, to get your control number. They can be reached at 800-886-4839 during the following hours: Monday – Friday 10:00 AM – 11:00 PM and Saturday, 12:00 – 5:00, PM ET.

You’ll receive reminders from our proxy solicitor, but those stop once you’ve voted.

Related documents and information

• Proxy Statement
• Annual Report