Bank of New York Mellon Corp

BNY: XNYS (USA)

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BNY: Invesco’s Proposal to Shift QQQ Structure Should Have Minimal Effect if Passed

Rajiv Bhatia

Jul 18, 2025

Invesco filed a preliminary proxy on July 17 to shift its flagship QQQ exchange-traded fund, which tracks the Nasdaq-100 index, from a unit investment trust to an open-end fund. If shareholders approve, Bank of New York Mellon will still provide asset servicing but no longer be a trustee.

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Bank of New York Mellon Corp

BNY: Invesco’s Proposal to Shift QQQ Structure Should Have Minimal Effect if Passed

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