Equity exposure plus consistent income. We’ve delivered.

Think reliable income, equity exposure, and less volatility can’t be blended in one package? Rethink what’s possible with Invesco Income Advantage ETFs.
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Want certain income in an uncertain world? We can help with that — and more.

Uncertainty can make it harder to generate reliable income while also pursuing growth and mitigating risks. Our Income Advantage ETFs can help with all three.

Growth

Built to offer growth potential with exposure to trusted equity indexes.

Reliable Income

Designed to deliver consistent income that’s not dependent on the level of interest rates.*

Lower Risk

Created to provide downside risk mitigation and less volatility.

  • * QQA, RSPA, and EFAA provide exposure to the Nasdaq-100 Index, the S&P 500 Equal Weight Index, and the MSCI EAFE Index, respectively, with an option income overlay to generate income.

Income Advantage ETFs:
Rethink what’s possible

QQA, RSPA, and EFAA are designed to provide consistent monthly income and maintain growth potential — all with less volatility and downside risk mitigation.

QQA
Invesco QQQ Income Advantage ETF
  

Increase your growth potential. Like QQQ, QQA tracks the Nasdaq-100 Index® — and it’s built to provide consistent monthly yields.

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RSPA
Invesco S&P 500 Equal Weight Income Advantage ETF

Help reduce your concentration risk. RSPA invests equally in all 500 stocks of the S&P 500 Index and is designed to generate consistent income.

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EFAA
Invesco MSCI EAFE Income Advantage ETF
  

Diversify globally with exposure to one of the best-known international equity benchmarks — the MSCI EAFE Index — and earn monthly income. 

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Help optimize your income strategy

Help enhance your portfolio with the consistent income, downside risk mitigation, and equity exposure of Income Advantage ETFs. Want to learn more? Connect with us today.

These ETFs have delivered dependable yields

as of 10/19/2026

  • Data as of October 19, 2026. Performance data quoted represents past performance. Past performance is not a guarantee of future results; current performance may be higher or lower than performance quoted. Investment returns and principal value will fluctuate and Shares, when redeemed, may be worth more or less than their original cost. See invesco.com to find the most recent month-end performance numbers. Market returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. Fund performance reflects fee waivers, absent which, performance data quoted would have been lower. 1 QQA: Underlying index is the Nasdaq-100 Index. Benchmark is the NASDAQ Composite Index. 2 RSPA: Underlying index is the S&P 500 Equal Weight Index. Benchmark is the S&P 500 Index. 3 EFAA: Underlying index and benchmark is the MSCI EAFE Index.

Equity market exposure with historically lower risk

Our innovating fund design has historically captured most of the total returns of their benchmark indexes, with lower measured risk over the period shown.

DescriptionQQA vs. Nasdaq-100 IndexRSPA vs. S&P 500 Equal Weight IndexEFAA vs. MSCI EAFE Index
Participation:
Measures how much of the benchmark’s total return has been captured by the funds.		84%93%84%
Defense:
Measures how much lower the fund’s risk has been compared to the benchmark.		-29%-20%-30%

Source: Invesco. Data from the ETF inception date of 7/17/24 to 9/30/26. Underlying fund performance based on total return at market price, and risk based on standard deviations. Past performance is not a guarantee of future results. Index returns do not represent fund returns.

Risk represented by standard deviation for the time period of 7/17/24 to 9/30/26. 12.62% for QQA vs. 17.77% for the Nasdaq-100 Index, 9.33% for RSPA vs. 11.63% for the S&P 500 Equal Weight Index, and 9.12% for EFAA vs. 12.96% for the MSCI EAFE Index.

Portfolio implementation ideas

Income Advantage ETFs can be used in portfolios in a variety of ways.

  • 1 Global exposure

    EFAA is designed to offer international stock exposure with less volatility.

  • 2 Growth potential

    QQA provides exposure to AI-related stocks and is designed to mitigate downside risk.

  • 3 Broad exposure

    RSPA helps reduce market concentration while generating consistent income.

  • 4 Complement dividends

    Generate income without the value tilt often associated with dividends.1

  • 5 Complement bonds

    Complement fixed income holdings with option income that has low sensitivity to interest rates. 

  • 1

    Dividend-paying companies are typically classified as value stocks because they are financially mature entities with established market positions and steady cash flows. Because these companies reinvest a smaller portion of their earnings into aggressive growth initiatives, they tend to trade at lower valuation multiples (such as price-to-earnings or price-to-book ratios) relative to the broader market. Income generation through dividends is a primary characteristic of a value-oriented investment strategy.

About options investing

Learn more about options and what they can do for investor portfolios. Our investor-approved conversation guide can help you answer client questions about options.

  • 2:55

    What are options?

    Transcript

    What are options? 

    (On screen “Investing in options involves risks and may not be suitable for all investors.”)

    More investors are adding options to their portfolios because they can be useful tools for generating income, reducing downside risk and other potential benefits.

    Buyers and sellers of options have the potential to profit if certain market conditions are met.

    So how does this work?

    A call option (Title and first bullet come on screen) gives the holder the right to buy an asset, such as a stock, at a certain price, called the strike price.

    Buyers pay a premium for call options because they believe the asset will surpass the strike price by a certain date.

    If it does, (second bullet comes on screen) the buyer would profit by purchasing the asset at the lower strike price and selling it at the higher market price.

    (third bullet comes on screen) If the asset doesn’t reach the strike price, the seller of the option profits from the premium paid by the buyer.

    Let’s say there’s a stock that’s currently trading at $50.

    The buyer purchases a call option with a strike price of $55.

    If the stock’s price rises to $60 before the option expires, the buyer can purchase the stock at the $55 strike price and then sell it at the $60 market price for a profit.

    But if the stock’s price doesn’t go over the $55 strike price, the seller of the option profits by keeping the premium paid by the buyer.

    A put option (Title and first bullet come on screen) gives the holder the right to sell an asset at the strike price.

    Buyers pay a premium for put options because they believe the asset will fall below the strike price by a certain date.

    If it does, (second bullet comes on screen) the buyer would profit by purchasing the asset at the lower market price and selling it at the higher strike price.

    (third bullet comes on screen) If the asset doesn’t fall below the strike price, the seller of the option profits from the premium paid by the buyer.

    Let’s say there’s a stock that’s currently trading at $50.

    The buyer purchases a put option with a strike price of $45.

    If the stock’s price falls to $40 before the option expires, the buyer can purchase the stock at the market price of $40 and then sell it at the $45 strike price for a profit.

    But if the stock’s price doesn’t go below the strike price of $45, the seller of the option profits by keeping the premium paid by the buyer.

    You don’t have to do all of this yourself. Access to professionally managed options-based strategies has never been easier thanks to exchange-traded products such as Invesco’s Income Advantage Strategies.

    IMPORTANT INFORMATION

    Options investing can be highly risky and may not be suitable for all investors.

    All investing involves risk, including the risk of loss.

    Past performance does not guarantee future results.

    This does not constitute a recommendation of any investment strategy or product for a particular investor. Investors should consult a financial professional before making any investment decisions.

    In general, stock values fluctuate, sometimes widely, in response to activities specific to the company as well as general market, economic and political conditions.

    Financial leverage refers to the use of debt to acquire additional assets.

    A decision as to whether, when and how to use options involves the exercise of skill and judgment, and even a well-conceived option transaction may be unsuccessful because of market behavior or unexpected events. The prices of options can be highly volatile, and the use of options can lower total returns.

    This material must be preceded or accompanied by the Characteristics & Risks of Standardized Options Document. To obtain a copy, go to: OCC - Options Disclosure Document (theocc.com).

    Not a Deposit | Not FDIC Insured | Not Guaranteed by the Bank | May Lose Value | Not Insured by any Federal Government Agency

    This information is intended for US residents.

    Invesco Distributors, Inc. is the US distributor for Invesco's Retail Products, Collective Trust Funds and CollegeBound 529. Invesco Capital Management LLC is the investment adviser for Invesco's ETFs. Invesco Unit Investment Trusts are distributed by the sponsor, Invesco Capital Markets, Inc. and broker dealers including Invesco Distributors, Inc. All entities are indirect, wholly owned subsidiaries of Invesco Ltd.

    Institutional Separate Accounts and Separately Managed Accounts are offered by affiliated investment advisers, which provide investment advisory services and do not sell securities. These firms, like Invesco Distributors, Inc., are indirect, wholly owned subsidiaries of Invesco Ltd.

    ©2024 Invesco Ltd. All rights reserved
  • 2:14

    How do options generate income?

    Transcript

    Cover slide: How do options generate income?

    (On screen “Investing in options involves risks and may not be suitable for all investors.”)

    More investors are adding options to their portfolios as an additional way to generate income.

    So how does this work, and how is option income different than income from other investments?

    When an investor buys an option, they’re getting the ability to buy or sell a specific asset, like a stock, by a certain date at a certain price, called the strike price.

    On the other side of that transaction is the seller of the option. The seller collects a premium from the buyer, which is considered income.

    The income generated from options is driven by different forces than income from bonds or dividend-paying stocks.

    For example, traditional bond exposures are exposed to interest rate risk. Equity options have the potential to deliver attractive income no matter the rate environment or the actions by the Federal Reserve.

    Instead, the yield from selling equity options is impacted by the strike price of the option as well as expectations for equity market volatility. 

    When equity market volatility is high, option premiums increase and push the yields higher as compensation for the underlying asset's higher expected price variability. Price variability increases the chances that the asset's price could rise above the strike price, in which case the buyer of the option could require the seller to sell the asset and miss out on potential gains.

    Option income strategies can be an effective way of generating a steady stream of monthly income while maintaining exposure to equities.

    You don’t have to do all of this yourself. Access to professionally managed options-based strategies has never been easier thanks to exchange-traded products such as Invesco’s Income Advantage Strategies.

    IMPORTANT INFORMATION

    Investing in options involves risks and may not be suitable for all investors.

    Before investing, investors should carefully read the prospectus/summary prospectus and carefully consider the investment objectives, risks, charges, and expenses. For this and more complete information about the Fund call 800-983-0903 or visit invesco.com for the prospectus/summary prospectus.

    There are risks involved with investing in ETFs, including possible loss of money. Actively managed ETFs do not necessarily seek to replicate the performance of a specified index. Actively managed ETFs are subject to risks similar to stocks, including those related to short selling and margin maintenance. Ordinary brokerage commissions apply. The Fund's return may not match the return of the Index. The Fund is subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the Fund.

    All investing involves risk, including the risk of loss.

    This does not constitute a recommendation of any investment strategy or product for a particular investor. Investors should consult a financial professional before making any investment decisions.

    In general, stock values fluctuate, sometimes widely, in response to activities specific to the company as well as general market, economic and political conditions.

    A decision as to whether, when and how to use options involves the exercise of skill and judgment, and even a well-conceived option transaction may be unsuccessful because of market behavior or unexpected events. The prices of options can be highly volatile, and the use of options can lower total returns.

    Not a Deposit |Not FDIC Insured Not Guaranteed by the Bank| May Lose Value |Not Insured by any Federal Government Agency

    Invesco Distributors, Inc.

    ETF Shares are not individually redeemable and owners of the Shares may acquire those Shares from the Funds and tender those Shares for redemption to the Funds in Creation Unit aggregations only, typically consisting of 10,000,50,000, 80,000, 100,000 or 150,000 Shares.

    ©2024 Invesco Ltd. All rights reserved

Frequently asked questions

Invesco QQQ is one of the most actively traded securities, with a history dating back to 1999. QQQ tracks the Nasdaq-100 index, which includes companies at the forefront of many long-term innovative themes shaping today’s economy.

QQA also tracks the Nasdaq-100 Index, but it gives up some of the upside potential of that stock index in exchange for a monthly stream of income from its options component.

Source: Bloomberg L.P., QQQ is the 2nd most-traded ETF in the US based on average daily volume traded, as of 9/30/2026. For more information on how innovation may help drive the performance of Invesco QQQ, click here.

Active ETFs, like Invesco’s Income Advantage suite, offer a differentiated approach to income generation by combining equity exposure with options-based strategies. This structure enables investors to seek consistent monthly income, participate in equity markets, and manage downside risk—all while maintaining alignment with major indexes such as the Nasdaq-100, S&P 500 Equal Weight, and MSCI EAFE1. By leveraging covered calls and cash-secured puts, these ETFs aim to balance growth potential with income and volatility management.

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When an investor sells an option, they’re giving the buyer the ability to buy or sell a specific asset by a certain date at a predetermined price. In return, the seller collects an option premium from the buyer, which is considered income. Option income strategies can be an effective way of generating a steady stream of monthly income while maintaining exposure to equities.

An option is a financial instrument that gives the option holder the right, but not the obligation, to buy or sell a set quantity or dollar value of a particular asset at a fixed price by a certain date. Options are a useful instrument for generating income outside of more traditional means, like collecting dividends on stocks or interest on bonds.

Both funds track the S&P 500 Equal Weight Index, which consists of the same companies within the market cap-weighted S&P 500 Index but equally weights them (each company has the same weight of 0.20%). RSPA gives up some of the upside potential of that stock index in exchange for a monthly stream of income from its options component.

The income generated from options has a different set of sensitivities and drivers than income from bonds or dividend-paying stocks:

CharacteristicsOptions Dividends Bonds
Interest rate sensitivityLow as option prices are also affected by volatility, strike, time value, etc. Moderate in part due to valuation discount rate and exposure to sectors like utilities and telecom High due to inverse correlation between bond prices and rates
Equity market participationModerate as uncapped participation is traded for income (e.g. strike exercise) High as the distributions come directly from equity securities None as debt securities
Type of equity market defenseStructural / Contractual None Correlation-based
Income sourceAccepting less upside potential Corporate cash flows Issue cash flows
Driver of yield levelsMarket participation / implied volatility Corporate management / stock price Rates / credit risk

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NA5954076

Click here for a QQA prospectus. Click here for a RSPA prospectus. Click here for a EFAA prospectus. Please read these carefully.

About risk

Diversification does not guarantee a profit or eliminate the risk of loss.

1. The Nasdaq-100 Index® includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization. The Index reflects companies across major industry groups including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology. It does not contain securities of financial companies including investment companies. The S&P 500® Equal Weight Index (EWI) is the equal-weight version of the widely-used S&P 500. The index includes the same constituents as the capitalization weighted S&P 500, but each company in the S&P 500 EWI is allocated a fixed weight - or 0.2% of the index total at each quarterly rebalance. The MSCI EAFE Index is an equity index which captures large and mid cap representation across Developed Markets countries around the world, excluding the US and Canada. The index covers approximately 85% of the free float-adjusted market capitalization in each country.

QQQ and RSP

The Portfolio may become “non-diversified,” as defined under the Investment Company Act of 1940, as amended, solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Index.  Shareholder approval will not be sought when the Portfolio crosses from diversified to non-diversified status under such circumstances.

Past performance is not a guarantee of future results. Index returns do not represent fund returns.

There are risks involved with investing in ETFs, including possible loss of money. Index-based ETFs are not actively managed. Actively managed ETFs do not necessarily seek to replicate the performance of a specified index. Both index-based and actively managed ETFs are subject to risks similar to stocks, including those related to short selling and margin maintenance. Ordinary brokerage commissions apply. The Fund's return may not match the return of the Index. The Fund is subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the Fund.

QQQ

Investments focused in a particular sector, such as technology, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.

The NASDAQ Composite Index measures all NASDAQ domestic and international-based common stocks listed on The Nasdaq Stock Market. The Russell 3000® Index is an unmanaged considered representative of the U.S. stock market. The Russell 3000® Index is a trademark/service mark of the Frank Russell Co. Russell® is a trademark of the Frank Russell Co.

The sponsor of the Nasdaq-100 TrustSM, a unit investment trust, is Invesco Capital Management LLC (Invesco). NASDAQ, Nasdaq-100 Index, Nasdaq-100 Index Tracking Stock and QQQ are trade/service marks of The Nasdaq Stock Market, Inc. and have been licensed for use by Invesco, QQQ's sponsor. NASDAQ makes no representation regarding the advisability of investing in QQQ and makes no warranty and bears no liability with respect to QQQ, the Nasdaq-100 Index, its use or any data included therein.

RSP

Investments focused in a particular industry or sector, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.

Stocks of medium-sized companies tend to be more vulnerable to adverse developments, may be more volatile, and may be illiquid or restricted as to resale.

"Standard & Poor’s," "S&P" and "S&P 500," are trademarks of Standard & Poor’s Financial Services, LLC and have been licensed for use by Invesco Capital Management LLC and its affiliates. Invesco S&P 500® Equal Weight ETF is not sponsored, endorsed, sold or promoted by Standard & Poor’s makes no representation regarding the advisability of investing in Invesco S&P 500® Equal Weight ETF.