Invesco QQQ Trust Files Proxy Materials

TL;DR

QQQ filing is in, shareholders get the scoop on trust ops.

AI Summary

Invesco QQQ Trust, Series 1 filed a Definitive Additional Materials proxy statement on September 8, 2025. This filing relates to the Invesco QQQ Trust, Series 1, previously known as PowerShares QQQ Trust, Series 1, and before that, NASDAQ 100 Trust Series 1. The company's fiscal year ends on September 30.

Why It Matters

This filing provides important information to shareholders regarding the Invesco QQQ Trust, Series 1, which tracks the Nasdaq-100 Index, impacting investors in one of the most widely held ETFs.

Risk Assessment

Risk Level: low — This is a routine proxy filing for an established ETF, not indicating any unusual risks.

Key Players & Entities

• INVESCO QQQ TRUST, SERIES 1 (company) — Registrant
• POWERSHARES QQQ TRUST, SERIES 1 (company) — Former Company Name
• NASDAQ 100 TRUST SERIES 1 (company) — Former Company Name
• 3500 LACEY ROAD, SUITE 700, DOWNERS GROVE, IL 60515 (company) — Business and Mail Address

FAQ

Filing Documents

• d50352ddefa14a.htm (DEFA14A) — 37KB
• g50352dsp2.jpg (GRAPHIC) — 10KB
• g50352dsp2a.jpg (GRAPHIC) — 7KB
• 0001193125-25-198441.txt ( ) — 62KB

From the Filing

DEFA14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [X] Filed by a Party other than the Registrant [] Check the appropriate box: [] Preliminary Proxy Statement [] Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) [] Definitive Proxy Statement [X] Definitive Additional Materials [] Soliciting Material Pursuant to 240.14a-11(c) or 240.14a-12 Invesco QQQ Trust SM , Series 1 (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): [X] No fee required. [] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. 1) Title of each class of securities to which transaction applies: 2) Aggregate number of securities to which transaction applies: 3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): 4) Proposed maximum aggregate value of transaction: 5) Total fee paid: [] Fee paid previously with preliminary materials. [] Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. 1) Amount Previously Paid: 2) Form, Schedule or Registration Statement No.: 3) Filing Party: 4) Date Filed: Attention Invesco QQQ ETF Shareholders: Vote to lower your fees! Invesco is proposing to modernize the QQQ ETF by reclassifying it from its current trust structure to an open-ended ETF. What does this mean for you? Lower fees: Enjoy a reduced expense ratio, putting more of your investment to work. No change to value: Your shares will continue to reflect the full net asset value (NAV). No tax impact: This change will not trigger any tax consequences or hidden costs. Same great access: Continue to benefit from exposure to the Nasdaq-100 companies that drive QQQ's performance. Make your voice heard Subject: QQQ Proxy Vote: Understanding the Proposed Changes Preheader: A look at how the updates may improve cost efficiency and transparency for shareholders. Email Body: We're sharing information about proposed updates to Invesco QQQ that aim to modernize the fund and better serve shareholders. Below are a few key points to be aware of: Potential cost savings: A proposed reduction in the expense ratio from 0.20% to 0.18%. Updated structure: Transitioning to an open-end structure, which reflects how most ETFs operate today. No tax impact: The proposed changes are not expected to trigger tax consequences or hidden costs. Governance enhancements: A new Board of Trustees focused on shareholder oversight. How to vote: Keeping clients informed can help them make confident voting decisions. To vote, shareholders can find their control number however they receive their proxy statement, either via mail or e-mail. Alternatively, certain shareholders can contact our proxy solicitor, Sodali, to get their 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 These updates are designed with shareholders in mind. Please feel free to reach out with any questions or for additional context. CTA: Answers to common client questions CTA : How clients can cast their vote For Institutional Investor Use Only- Not For Use With The Public Invesco Distributors, Inc. Subject : Review of Proposed Updates to Invesco QQQ Preheader : Information on proposed updates to QQQ, including structural and oversight changes. Email Body: We're sharing information about proposed updates to Invesco QQQ that aim to modernize the fund and better serve shareholders. Below are a few key points to be aware of: Potential cost savings: A proposed reduction in the expense ratio from 0.20% to 0.18%. Updated structure: Transitioning to an open-end structure, which reflects how most ETFs operate today. No tax impact: The proposed changes are not expected to trigger tax consequences or hidden costs. Governance enhancements: A new Board of Trustees focused on shareholder oversight. How to vote: Keeping clients informed can help them make confident voting decisions. To vote, shareholders can find their control number however they receive their proxy statement, either via mail or e-mail. Alternatively, certain shareholders can contact our proxy solicitor, Sodali, to get their 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