To maintain the correspondence between the composition and weights of the securities in the trust (the securities) and the stocks in the NASDAQ-100 Index®, the adviser adjusts the securities from time to time to conform to periodic changes in the identity and/or relative weights of index securities. The composition and weighting of the securities portion of a portfolio deposit are also adjusted to conform to changes in the index.

Invesco QQQ is an exchange-traded fund based on the Nasdaq-100 Index. The Fund will, under most circumstances, consist of all of stocks in the Index. The Index includes 100 of the largest domestic and international nonfinancial companies listed on the Nasdaq Stock Market based on market capitalization. The Fund and the Index are rebalanced quarterly and reconstituted annually. As of 07/31/2025 the Fund had an overall rating of 5 stars out of 1029 funds and was rated 4 stars out of 1029 funds, 4 stars out of 954 funds and 5 stars out of 757 funds for the 3-, 5- and 10- year periods, respectively. Source: Morningstar Inc. Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. Open-end mutual funds and exchange-traded funds are considered a single population for comparison purposes. Ratings are calculated for funds with at least a three year history. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable, excluding sales charges and including fees and expenses. ©2025 Morningstar Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. Ratings are subject to change monthly. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Ratings for other share classes may differ due to different performance characteristics.

Invesco QQQ

Invesco QQQ Trust, Series 1

NVIDIA Corporation

Microsoft Corporation

Apple Inc.

Amazon.com, Inc.

Broadcom Inc.

Meta Platforms, Inc.

Netflix, Inc.

Tesla, Inc.

Alphabet Inc.

Costco Wholesale Corporation

Palantir Technologies Inc.

T-Mobile US, Inc.

Advanced Micro Devices, Inc.

Cisco Systems, Inc.

Linde plc

PepsiCo, Inc.

Intuit Inc.

Booking Holdings Inc.

Intuitive Surgical, Inc.

Ticker	Company	% Portfolio	Market Value	Shares	Chg. Shares %	Chg. Shares	% Owned
NVDA	NVIDIA Corporation	10.1%	$35.44B	203.5M	-0.6%	-1.1M	0.8%
MSFT	Microsoft Corporation	8.6%	$30.11B	62.0M	-0.6%	-346.7K	0.8%
AAPL	Apple Inc.	7.9%	$27.55B	124.6M	-0.6%	-696.7K	0.8%
AMZN	Amazon.com, Inc.	5.5%	$19.44B	88.5M	-0.6%	-495.2K	0.8%
AVGO	Broadcom Inc.	5.3%	$18.67B	64.9M	-0.6%	-362.7K	1.4%
META	Meta Platforms, Inc.	3.7%	$12.98B	18.1M	-0.6%	-101.3K	0.8%
NFLX	Netflix, Inc.	2.9%	$10.25B	8.7M	-0.6%	-48.8K	2.1%
TSLA	Tesla, Inc.	2.9%	$10.18B	30.4M	-0.6%	-169.8K	0.9%
GOOGL	Alphabet Inc.	2.8%	$9.65B	48.5M	-0.6%	-271.5K	0.8%
GOOG	Alphabet Inc.	2.6%	$9.09B	45.5M	-0.6%	-254.6K	0.8%
COST	Costco Wholesale Corporation	2.4%	$8.28B	9.1M	-0.6%	-50.9K	2.1%
PLTR	Palantir Technologies Inc.	2.0%	$6.98B	46.4M	-0.6%	-259.7K	2.0%
TMUS	T-Mobile US, Inc.	1.6%	$5.61B	23.3M	-0.6%	-130.3K	2.1%
AMD	Advanced Micro Devices, Inc.	1.5%	$5.33B	33.3M	-0.6%	-186.1K	2.1%
CSCO	Cisco Systems, Inc.	1.5%	$5.33B	81.3M	-0.6%	-454.5K	2.1%
LIN	Linde plc	1.3%	$4.46B	9.7M	-0.6%	-54.0K	2.1%
PEP	PepsiCo, Inc.	1.1%	$4.00B	28.1M	-0.6%	-157.3K	2.1%
INTU	Intuit Inc.	1.0%	$3.65B	5.7M	-0.6%	-32.0K	2.1%
BKNG	Booking Holdings Inc.	1.0%	$3.58B	667.7K	-0.6%	-3.7K	2.1%
ISRG	Intuitive Surgical, Inc.	1.0%	$3.33B	7.4M	-0.6%	-41.2K	2.1%

Invesco QQQ Trust, Series 1

Top 20 Holdings out of 101