INVESCO QQQ TRUST, SERIES 1 DEFA14A Filing

Key Financial Figures

• $70M — 0.18%, saving shareholders an estimated $70M annually Invesco believes these chang

Filing Documents

• d46859ddefa14a.htm (DEFA14A) — 22KB
• g46859dsp004.jpg (GRAPHIC) — 6KB
• 0001193125-25-280553.txt ( ) — 32KB

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 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 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): 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: Nasdaq-100 Index ® on TradeTalks with Jill Malandrino TradeTalks broadcasts covering the Nasdaq-100 Index (NDX) featuring conversations with top industry thought leaders on the latest trends, news and education. Mark Marex, Senior Director of Index Research at Nasdaq, Paul Schroeder, Director of Factor & QQQ Equity Product Strategy at Invesco, and Kirsten Wegner, CEO of the Industry Association, join Jill Malandrino on Nasdaq TradeTalks to discuss the role of indexes in the financial ecosystem and product landscape and how it allows for investor choice and innovation. Transcript 07:23 – To your point, Q's been around for decades. I understand that there's a special meeting of QQQ shareholders that's scheduled for December 5th, just a few weeks away to vote on a proposed proxy. What does that mean for shareholders of QQQ? Should they vote? Is that going to impact the performance or how it fits within their portfolios? Yeah. Great question and I'm glad you asked. So that meeting is coming up in the first week of December and it's something that I think is very fitting for QQQ to be doing. It's structured currently as a UIT like many ETFs were that were launched in the 90s. And we're proposing to change the structure to a standard ETF like any ETF that's launched today to a 1940 Act open end fund. And what does that fundamentally mean? It means, really three things. First, the cost the expense ration will drop from 20 basis points down to 18 basis points. Secondly, there's going to be greater transparency with the fund, where there will be semi-annual reports, a summary prospectus and also a greater board oversight on it. And then thirdly, I think probably most important, one of the more common quests we get is that it's not going to create any tax consequences because it's just changing the structure. There aren't going to be any buys or sells related the shift from structure. So at the end of the day, we feel that it aligns with investors long term goals of lowering the expense ratio and, you know, really living up to the themes of what you see with ETFs INVESCO QQQ SCRIPT May I please speak with (SHAREHOLDER'S FULL NAME)? (Repeat greeting if necessary) We sincerely apologize for the repeated calls and letters regarding your investment in the Invesco QQQ Trust. Once your vote is recorded, all outreach will stop. Would you like to vote along with Invesco's recommendation IN FAVOR of the proposals to modernize QQQ, lower fees, and maintain the same investment strategy? (Pause for response) If YES: (Proceed to confirming the vote) If NO or shareholder hasn't received materials: Invesco recommends voting in favor because converting QQQ from a Unit Investment Trust to an Open-End Fund will: Modernize the fund's structure and operations Provide greater flexibility, including securities lending and dividend reinvestment Reduce the expense ratio from 0.20% to 0.18%, saving shareholders an estimated $70M annually Invesco believes these changes are in shareholders' best interests. Would you like to vote with their recommendation? (Pause for response and address questions) If still declines: I understand. Thank you and have a good day. If unavailable: We can be reached toll-free at 800-886-4839, Monday to Fr