IVZ · 10-Q · 2026Q3 · Full report

Product Launch and Transition

Invesco Ltd. · 2026-11-03 · Importance 78 · Surprise 74

Invesco QQQ Trust converted to an open-end fund ETF on December 20, 2025, and its flows were included in long-term flows for the 2026 comparison period. QQQ generated $6.7 billion of third-quarter net long-term flows and $9.7 billion for the first nine months, compared with no long-term-flow classification for the prior-year periods. QQQ’s third-quarter average AUM was $480.4 billion, up from $365.1 billion, and its nine-month average AUM was $443.7 billion, up from $334.8 billion. The filing attributes increased investment management fees to QQQ fees following the conversion and higher average AUM.