IVZ · 8-K · 20261027PR000370

Product Launch and Transition

Invesco Ltd. · 2026-10-27 · Importance 66 · Surprise 74

Invesco QQQ Trust converted from a unit investment trust to an open-end fund ETF in the fourth quarter of 2025. The transition resulted in QQQ management fees being reflected in investment management fees, while pass-through service revenues were eliminated. QQQ generated $6.7 billion of net long-term inflows in Q3 2026, and average QQQ AUM rose 32.5% year over year to $480.3 billion.

Key facts

• Invesco QQQ converted from a unit investment trust to an open-end fund ETF on December 20, 2025; QQQ flows are included in net long-term flows from that date. source