Why has Invesco’s QQQ called me two dozen times in the past few weeks? Is it a scam?

MarketWatch | Beth Pinsker | December 3rd, 2025

There’s a proxy vote to change the fund, and the calls will keep coming until the matter is settled

QQQ is having a proxy vote, and they will keep calling until they get enough votes to settle the issue.

Invesco’s QQQ fund is one of the largest ETFs in the world, with $400 billion put toward tracking the Nasdaq-100 index. What the heck do they want with me?

Financial adviser Sam Huszczo compares it to the transition we have seen over the last two decades of mutual funds into ETF versions. “The unit investment trust is an outdated structure that has inefficiencies and it’s time to get into the new century,” said Huszczo, who is a certified financial planner and also a chartered financial analyst based in Michigan. The hitches involve things like slight delays in dividend reinvestments and how the fund managers are paid.

“The size of QQQ is also a good motivator. If not now, when?” Huszczo added. QQQ hit $100 billion in assets in 2020, and has jumped 300% since then to $400 billion in the fund today. The number of shareholders involved has also multiplied. If they wait longer to have this proxy vote, the struggle to reach 50.1% would be even greater and require even more phone calls.

“They probably should have done it a while ago,” Huszczo said. “But I would say now it’s probably a net win. I do think Invesco will make more money, but they will be lowering the expense ratio for the consumer, so they’re sharing the wealth with the people.”