Core Insights - Invesco QQQ Trust Series 1 is transitioning to a modernized structure, moving from a unit investment trust ETF to an open-end fund ETF, with a new governance model and a reduced expense ratio from 0.20% to 0.18% [1][2] Group 1: Fund Modernization - The approval of modernization proposals aims to attract more advisors and investors to QQQ while maintaining its strategy focused on large-cap growth [2][3] - The modernization aligns QQQ more closely with Invesco NASDAQ 100 ETF (QQQM), which has a lower fee of 0.15%, providing a competitive low-cost option for investors [3] Group 2: Performance and Liquidity - QQQ has demonstrated strong performance, with a 22.08% increase over the past twelve months as of November 29, 2025 [4] - The fund's significant daily trading volumes provide higher liquidity compared to QQQM, justifying its slightly higher fee structure [4]
Invesco QQQ Gets Green Light For Modernization
Etftrends·2025-12-19 16:57