Invesco QQQ Trust Files Proxy Statement

TL;DR

QQQ proxy filing is in, no fee required. Old names: Powershares, Nasdaq 100.

AI Summary

Invesco QQQ Trust, Series 1 filed a Definitive Additional Materials proxy statement on November 7, 2025. This filing relates to the trust formerly known as Powershares QQQ Trust, Series 1, which underwent name changes from NASDAQ 100 Trust Series 1 and NASDAQ GOLD SM Trust Ser 1. The filing indicates no fee was required.

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 popular 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
• NASDAQ GOLD SM Trust Ser 1 (company) — Former Company Name

FAQ

Filing Documents

• d57137ddefa14a.htm (DEFA14A) — 96KB
• g57137dsp2a.jpg (GRAPHIC) — 9KB
• g57137dsp2b.jpg (GRAPHIC) — 1KB
• g57137dsp2c.jpg (GRAPHIC) — 2KB
• g57137dsp2d.jpg (GRAPHIC) — 1KB
• g66661dsp6.jpg (GRAPHIC) — 5KB
• 0001193125-25-270469.txt ( ) — 122KB

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: Don't Miss Out! Join Your Fellow Shareholders Vote QQQ! Dear Shareholder, We appreciate your patience and understanding in connection with the QQQ Special Shareholders Meeting to be held on December 5, 2025. It has been a long and tedious process, but the solicitation will be coming to an end in early December. We do need your assistance in voting your shares to ensure we make it to the finish line. Because the vote requirement to pass the proposal to convert your fund from a UIT structure to an Open-End ETF is 51% of shares outstanding and there are millions of small unvoted investors, we need you to support QQQ and all your fellow shareholders who have overwhelmingly voted FOR all proposals. Please take advantage of your right to vote by signing, dating and mailing your proxy card in the postage paid return envelope or following the instructions on the proxy card to vote by internet or telephone. Thank you in advance for voting. How can I vote my shares? 1) 2) 3) Vote by Mail Vote by Internet or Telephone . If you have any questions or need help voting, please call Invesco's proxy solicitor, Sodali & Co. Fund Solutions, toll-free at 1-800-886-4839 . Hours of Operation: Monday – Friday: 10:00 am to 11:00 pm ET Saturday: 12:00 pm to 5:00 pm ET Please Vote Now! Mailings and calls will STOP once you vote! Link to video commentary and all proxy materials can be found: www.proxyvotinginfo.com/p/qqq QQQ ADJ3 S19597 In Focus July 17, 2025 (updated October 24, 2025) Invesco Proposes to Modernize Invesco QQQ and Lower its Total Expense Ratio On August 18, 2025, Invesco Capital Management, LLC (Invesco) filed a definitive proxy statement with the Securities and Exchange Commission (SEC), updating and finalizing preliminary documents that were filed with the SEC on July 17, 2025. The proxy statement seeks the approval of QQQ's shareholders of record as of August 15, 2025 to take certain actions, including amending QQQ's governing instruments, to operate QQQ in a manner that would result in its reclassification under the Investment Company Act of 1940, as amended, from that of a "unit investment trust" to that of a "management company," with a subclassification as an "open-end company," all as defined in the Investment Company Act of 1940 (1940 Act). In addition to other benefits, if shareholders approve the proposals contained in the proxy statement, QQQ's total expense ratio (TER) will be lowered from 0.20% to 0.18%, representing a 10% reduction in expenses borne by QQQ. What's Changing and Why It Matters for Shareholders What will change with QQQ? Since its launch in 1999, QQQ has operated as a Unit Investment Trust (UIT). While this structure was common in the early days of ETFs, the industry has evolved, and today, nearly all ETFs are structured as Open-End Funds. Currently, there are fewer than 10 ETFs (10 of the oldest ETFs in the US) that are structured as UITs. What are the proposals being presented to shareholders? As described in the proxy statement, shareholders are being asked to vote on three separate proposals: Approve amendments to QQQ's governing instruments intended to change QQQ's classification from a UIT to an Open-End Fund Approve the election of trustees to