Invesco QQQ Trust, Series 1 (QQQ US) - Portfolio Construction Methodology

Group 1 - The Invesco QQQ Trust targets the 100 largest non-financial companies listed on the Nasdaq, with specific eligibility criteria for inclusion [1] - Companies must have a primary listing on the Nasdaq Global Select Market or Nasdaq Global Market, with REITs and SPACs being ineligible, while ADRs are eligible [1] - Initial inclusion requires three full calendar months of listing, a free float of at least 10%, and a three-month average daily traded value of at least USD 5 million [1] Group 2 - The index undergoes an annual reconstitution in December, where issuers are ranked by combined eligible share-class market capitalization, selecting the top 75 and retaining current members ranked 76-100 [1] - Current members ranked 101-125 may fill remaining slots if necessary, ensuring a robust selection process [1] - The index is modified market-cap-weighted, with quarterly rebalances enforcing weight limits to prevent any company from exceeding 24% and the aggregate of companies over 4.5% from exceeding 48% [1] Group 3 - December rebalances introduce security-level caps, limiting any single security to a maximum of 14%, with the top five aggregate weight set to 38.5% and others capped at 4.4% or the weight of the fifth security [1]