Q4 2023
As of December 31, 2023

Invesco QQQ Trust, Series 1
QQQ
Fund description
Invesco QQQTM is an exchange-traded fund basedon the Nasdaq-100 Index® . The Fund will, undermost circumstances, consist of all of stocks in theIndex. The Index includes 100 of the largest
domestic and international nonfinancial companies
listed on the Nasdaq Stock Market based onmarket capitalization. The Fund and the Index arerebalanced quarterly and reconstituted annually.

ETF Information
Fund Name
Invesco QQQ Trust, Series 1
Fund Ticker
QQQ
CUSIP
46090E103Intraday NAV
QXV
30 Day SEC Unsubsidized Yield
0.62%
30 day SEC Yield
0.62%
Holdings
101
Management Fee
0.20%
Total Expense Ratio
0.20%
P/B Ratio
16.18
P/E Ratio
34.44
Return on Equity
42.03%
Listing Exchange
NasdaqWeighted Market Cap ($MM)
886,373.80
Gross expenses of the Trust for the prior year werealso 0.20% of the net asset value of the Trust and,accordingly, no expenses of the Trust wereassumed by the Sponsor. The Sponsor has
undertaken that the ordinary operating expensesof the Trust will not be permitted to exceed 0.20%
per annum of the daily net assets of the Trust.
Underlying Index DataIndex Provider
Nasdaq, Inc.
Index
NASDAQ-100 Index (USD)
Name
Bloomberg Index Ticker
XNDX

Fund inception: March 10, 1999
Not a Deposit Not FDIC Insured Not Guaranteed by
the Bank May Lose Value Not Insured by any
Federal Government Agency.
Shares are not individually redeemable and ownersof the Shares may acquire those Shares from theFund and tender those Shares for redemption tothe Fund in Creation Unit aggregations only,
typically consisting of 50,000 Shares.

Growth of $10,000
 Invesco QQQ Trust, Series 1: $50,856
 NASDAQ-100 Index (USD): $51,934
 NASDAQ Composite Index: $35,942
 Russell 3000 Index (USD): $29,641
$55K

$40K

$25K

$10K

12/13

06/15

11/16

04/18

09/19

02/21

07/22

12/23

Data beginning 10 years prior to the ending date of December 31, 2023. Fund performance shown at NAV.
Performance as at December 31, 2023
Performance (%)
YTD
ETF - NAV
54.73
ETF - Market Price
54.86
Underlying Index
55.13
Benchmark1
43.42
Benchmark2
25.96

1Y54.73
54.86
55.13
43.42
25.96Calendar year performance (%)
2023
ETF - NAV
54.73
Underlying Index
55.13
Benchmark1
43.42
Benchmark2
25.96

2021
27.25
27.51
21.39
25.66

2022
-32.51-32.38-33.10-19.21

3Y
9.96
9.97
10.18
5.21
8.54
2020
48.63
48.88
43.64
20.89

2019
39.12
39.46
35.23
31.02

5Y
22.41
22.39
22.66
17.74
15.16
2018
-0.13
0.04
-3.88
-5.24

2017
32.72
32.99
28.24
21.13

Fund
Inception
9.45
9.44
9.68
7.66
7.66

10Y
17.66
17.68
17.91
13.65
11.48
2016
7.01
7.27
7.50
12.74

2015
9.53
9.75
5.73
0.48

2014
19.1119.40
13.40
12.56

Please keep in mind that high, double-digit and/or triple-digit returns are highly unusual and cannot besustained.

Index returns do not represent Fund returns. An investor cannot invest directly in an index.
Neither the underlying Index nor the benchmark indexes charge management fees or brokerage expenses, andno such fees or expenses were deducted from the performance shown; nor do any of the indexes lend
securities, and no revenues from securities lending were added to the performance shown. In addition, theresults actual investors might have achieved would have differed from those shown because of differences inthe timing, amounts of their investments, and fees and expenses associated with an investment in the Fund.
1The Nasdaq Composite Index measures all Nasdaq domestic and international-based common stocks listed on
The Nasdaq Stock Market. Index returns shown are price return.
2The Russell 3000® Index is an unmanaged index considered representative of the US stock market. TheRussell 3000 Index is a trademark/service mark of the Frank Russell Co. Russell® is a trademark of the FrankRussell Co.

Top ETF holdings (%)
NameAppleMicrosoftAmazon
Broadcom
Meta Platforms 'A'
NvidiaTesla
Alphabet 'A'
Alphabet 'C'
Costco Wholesale(Total holdings: 101)
Weight
9.22
8.61
4.83
4.15
3.85
3.77
3.68
2.55
2.48
2.32

Please see the website for complete holdings
information. Holdings are subject to change.

Investment risks
There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively
managed and are subject to risks similar to those of stocks, including those regarding short selling and marginmaintenance requirements. Ordinary brokerage commissions apply. The Fund’s return may not match thereturn of the Underlying Index. The Fund is subject to certain other risks. Please see the current prospectus formore information regarding the risk associated with an investment in the Fund.
The Index and Fund use the Industry Classification Benchmark (“ICB”) classification system which is composedof 11 economic industries: basic materials, consumer discretionary, consumer staples, energy, financials,
health care, industrials, real estate, technology, telecommunications and utilities.
Investments focused in a particular sector, such as technology, are subject to greater risk, and are more
greatly impacted by market volatility, than more diversified investments.
Important information
Typically, security classifications used in calculating allocation tables are as of the last trading day of theprevious month.
The sponsor of the Nasdaq-100 TrustSM, a unit investment trust, is Invesco Capital Management LLC (Invesco).
Nasdaq, Nasdaq-100 Index, Nasdaq-100 Index Tracking Stock and QQQ are trade/service marks of The Nasdaq
Stock Market, Inc. and have been licensed for use by Invesco, QQQ's sponsor. Nasdaq makes no representation
regarding the advisability of investing in QQQ and makes no warranty and bears no liability with respect toQQQ, the Nasdaq-100 Index, its use or any data included therein.

Geographic allocation (%)

This does not constitute a recommendation of any investment strategy or product for a particular investor.
Investors should consult a financial professional before making any investment decisions.
An investor should consider investment objectives, risks, charges and expenses carefully before investing.
To obtain a prospectus, which contains this and other information about the Invesco QQQ, a unit
investment trust, please visit invesco.com/fundprospectus. Please read the prospectus carefully beforeinvesting.
 United States China Brazil United Kingdom
 Netherlands

97.04
1.25
0.63
0.55
0.53

Note: Not all products available through all firms or in all jurisdictions.
Glossary30 Day SEC Unsubsidized Yield reflects the 30-day yield if the investment adviser were not waiving all or partof its fee or reimbursing the fund for part of its expenses. Total return would have also been lower in theabsence of these temporary reimbursements or waivers.
30 Day SEC Yield is based on a 30-day period and is computed by dividing the net investment income pershare earned during the period by the maximum offering price per share on the last day of the period.

Sector allocation (%)

Weighted Harmonic Average Stock Price-to-Book-Value Ratio (P/B Ratio) is the ratio of a stock's market
price to a company's net asset value.
Weighted Harmonic Average Stock Price-to-Earnings Ratio (P/E Ratio) is the share price divided byearnings per share. It is measured on a 12-month trailing basis.
Weighted Average Return on Equity is net income divided by net worth.
Weighted Harmonic Average is a method of calculating an average value that lessens the impact of large
outliers and increases the impact of small ones.
Weighted Market Capitalization is the sum of each underlying securities market value.
 Technology
 Consumer
Discretionary Health Care Telecommunications
 Industrials
 Consumer Staples
 Utilities
 Energy
 Basic Materials
 Real Estate

Invesco Distributors, Inc.
Invesco.com 1/24
P-QQQ-PC-1

57.93
19.11
6.67
4.97
4.80
4.27
1.19
0.49
0.29
0.28