INVESCO QQQ TRUSTSM, SERIES I
SUPPLEMENT DATED AUGUST 12, 2020 TO THE PROSPECTUS DATED
JANUARY 31, 2020,
AS PREVIOUSLY SUPPLEMENTED
Effective immediately, the following disclosure replaces the
similar disclosure added after the second full paragraph on page 13 in the section “Highlights – Risk Factors”:
Additionally, natural or environmental
disasters, such as earthquakes, fires, floods, hurricanes, tsunamis and other severe weather-related phenomena generally, and widespread disease, including pandemics and epidemics, have been and may be highly disruptive to economies and markets,
adversely impacting individual companies, sectors, industries, markets, currencies, interest and inflation rates, credit ratings, investor sentiment, and other factors affecting the value of the Fund’s investments. Additionally, if a sector or
sectors in which an index is concentrated is negatively impacted to a greater extent by such events, the Fund may experience heightened volatility. Given the increasing interdependence among global economies and markets, conditions in one country,
market, or region are increasingly likely to adversely affect markets, issuers, and/or foreign exchange rates in other countries, including the U.S. Any such events could have a significant adverse impact on the value of the Fund’s investments
and could result in increased premiums or discounts to the Fund’s NAV. Additionally, the Fund rebalances its portfolio in accordance with its Underlying Index, and, therefore, any changes to the Underlying Index’s rebalance schedule will
result in corresponding changes to the Fund’s rebalance schedule.
COVID-19. The current outbreak of the
novel strain of coronavirus, COVID-19, has resulted in instances of market closures and dislocations, extreme volatility, liquidity constraints and increased trading costs. Efforts to contain the spread of COVID-19 have resulted in travel
restrictions, closed international borders, disruptions of healthcare systems, business operations and supply chains, layoffs, lower consumer demand, defaults and other significant economic impacts, all of which have disrupted global economic
activity across many industries and may exacerbate other pre-existing political, social and economic risks, locally or globally. The ongoing effects of COVID-19 are unpredictable and may result in significant and prolonged effects on the
Fund’s performance.
Please Retain This
Supplement for Future Reference.
P-QQQ-PRO-1-SUP-3
081220