# EDGAR Filing Document

**Accession Number:** 0000005100
**File Stem:** 0001021408-25-004093
**Filing Date:** 2025-8
**Character Count:** 10757
**Document Hash:** b1eecb9407ee9c6dd303b691efde0506
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001021408-25-004093.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001021408-25-004093

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**EFFECTIVENESS DATE**: 20250828

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Invesco Exchange Fund
- **CENTRAL INDEX KEY:** 0000005100

**ORGANIZATION NAME:**
- **EIN:** 741908071
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02611
- **FILM NUMBER:** 251272873

**BUSINESS ADDRESS:**
- **STREET 1:** 11 GREENWAY PLAZA
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77046
- **BUSINESS PHONE:** 7136261919

**MAIL ADDRESS:**
- **STREET 1:** 11 GREENWAY PLAZA
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77046

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Invesco Van Kampen Exchange Fund
- **DATE OF NAME CHANGE:** 20100601

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VAN KAMPEN EXCHANGE FUND
- **DATE OF NAME CHANGE:** 20030731

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AMERICAN CAPITAL EXCHANGE FUND
- **DATE OF NAME CHANGE:** 19920703

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0000005100

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Registered Management Investment Company

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** Invesco Exchange Fund

**Address:** 11 Greenway Plaza, Houston, TX 77046

**Telephone number:** 713-626-1919

**Name of agent for service:** —

**Agent Address:** —, —, — —

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 811-02611

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** —

**Report Type (check only one):**

Institutional Manager.

- [ ] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [x] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 0

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER         | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                                                                                                                                        | VOTE CATEGORY                |   SHARES VOTED |   SHARES ON LOAN | HOW VOTED   |   SHARES VOTED FOR OR AGAINST MANAGEMENT | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| Kyndryl Holdings, Inc. | 50155Q100 | 07/25/2024     | Election of four Class III Directors for a three-year term: Dominic J. Caruso                                                                                           | DIRECTOR ELECTIONS           |            921 |                0 | FOR         |                                      921 | FOR                         |  |
| Kyndryl Holdings, Inc. | 50155Q100 | 07/25/2024     | Election of four Class III Directors for a three-year term: Stephen A.M. Hester                                                                                         | DIRECTOR ELECTIONS           |            921 |                0 | AGAINST     |                                      921 | AGAINST                     |  |
| Kyndryl Holdings, Inc. | 50155Q100 | 07/25/2024     | Election of four Class III Directors for a three-year term: Shirley Ann Jackson                                                                                         | DIRECTOR ELECTIONS           |            921 |                0 | FOR         |                                      921 | FOR                         |  |
| Kyndryl Holdings, Inc. | 50155Q100 | 07/25/2024     | Election of four Class III Directors for a three-year term: Martin Schroeter                                                                                            | DIRECTOR ELECTIONS           |            921 |                0 | FOR         |                                      921 | FOR                         |  |
| Kyndryl Holdings, Inc. | 50155Q100 | 07/25/2024     | Approval, in an advisory, non-binding vote, of the compensation of our named executive officers.                                                                        | SECTION 14A SAY-ON-PAY VOTES |            921 |                0 | FOR         |                                      921 | FOR                         |  |
| Kyndryl Holdings, Inc. | 50155Q100 | 07/25/2024     | Ratification of the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the fiscal year ending March 31, 2025. | AUDIT-RELATED                |            921 |                0 | FOR         |                                      921 | FOR                         |  |
| Cardinal Health, Inc.  | 14149Y108 | 11/06/2024     | Election of Directors: Robert W. Azelby                                                                                                                                 | DIRECTOR ELECTIONS           |            575 |                0 | FOR         |                                      575 | FOR                         |  |
| Cardinal Health, Inc.  | 14149Y108 | 11/06/2024     | Election of Directors: Michelle M. Brennan                                                                                                                              | DIRECTOR ELECTIONS           |            575 |                0 | FOR         |                                      575 | FOR                         |  |
| Cardinal Health, Inc.  | 14149Y108 | 11/06/2024     | Election of Directors: Sheri H. Edison                                                                                                                                  | DIRECTOR ELECTIONS           |            575 |                0 | FOR         |                                      575 | FOR                         |  |
| Cardinal Health, Inc.  | 14149Y108 | 11/06/2024     | Election of Directors: David C. Evans                                                                                                                                   | DIRECTOR ELECTIONS           |            575 |                0 | FOR         |                                      575 | FOR                         |  |
| Cardinal Health, Inc.  | 14149Y108 | 11/06/2024     | Election of Directors: Patricia A. Hemingway Hall                                                                                                                       | DIRECTOR ELECTIONS           |            575 |                0 | FOR         |                                      575 | FOR                         |  |
| Cardinal Health, Inc.  | 14149Y108 | 11/06/2024     | Election of Directors: Jason M. Hollar                                                                                                                                  | DIRECTOR ELECTIONS           |            575 |                0 | FOR         |                                      575 | FOR                         |  |
| Cardinal Health, Inc.  | 14149Y108 | 11/06/2024     | Election of Directors: Akhil Johri                                                                                                                                      | DIRECTOR ELECTIONS           |            575 |                0 | FOR         |                                      575 | FOR                         |  |
| Cardinal Health, Inc.  | 14149Y108 | 11/06/2024     | Election of Directors: Gregory B. Kenny                                                                                                                                 | DIRECTOR ELECTIONS           |            575 |                0 | FOR         |                                      575 | FOR                         |  |
| Cardinal Health, Inc.  | 14149Y108 | 11/06/2024     | Election of Directors: Nancy Killefer                                                                                                                                   | DIRECTOR ELECTIONS           |            575 |                0 | FOR         |                                      575 | FOR                         |  |
| Cardinal Health, Inc.  | 14149Y108 | 11/06/2024     | Election of Directors: Christine A. Mundkur                                                                                                                             | DIRECTOR ELECTIONS           |            575 |                0 | FOR         |                                      575 | FOR                         |  |
| Cardinal Health, Inc.  | 14149Y108 | 11/06/2024     | To approve, on a non-binding advisory basis, the compensation of our named executive officers                                                                           | SECTION 14A SAY-ON-PAY VOTES |            575 |                0 | FOR         |                                      575 | FOR                         |  |
| Cardinal Health, Inc.  | 14149Y108 | 11/06/2024     | To ratify the appointment of Ernst  Young LLP as our independent auditor for the fiscal year ending June 30, 2025                                                       | AUDIT-RELATED                |            575 |                0 | FOR         |                                      575 | FOR                         |  |
| Cardinal Health, Inc.  | 14149Y108 | 11/06/2024     | Shareholder proposal to prohibit re-nomination of any director who fails to receive a majority vote, if properly presented                                              | CORPORATE GOVERNANCE         |            575 |                0 | AGAINST     |                                      575 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Invesco Exchange Fund

**By (Signature):** Glenn Brightman

**By (Printed Signature):** Glenn Brightman

**By (Title):** President of Mutual Funds

**Date:** 08/25/2025