Invesco QQQ Trust, Series 1 CEDEAR

Invesco QQQ Trust, Series 1 CEDEAR is a depositary certificate that provides local access in Argentina to units of the U.S.-listed Invesco QQQ Trust, Series 1, an exchange-traded fund tracking the Nasdaq‑100 Index of large nonfinancial companies listed on Nasdaq. The underlying fund seeks to mirror the price and yield of the Nasdaq‑100 by holding substantially all index constituents with quarterly rebalancing and annual reconstitution. Through this CEDEAR, investors gain exposure to a concentrated basket of growth-oriented leaders across technology, consumer discretionary, and communication services, alongside smaller allocations to sectors such as health care and industrials. The ETF’s holdings prominently feature global innovators and mega-cap franchises, reflecting themes like cloud computing, artificial intelligence, semiconductors, e‑commerce, and digital media. The trust structure is overseen by Invesco, with a stated management fee and total expense ratio of 0.20% at the fund level. In Argentina, the CEDEAR format enables participation in the U.S. market while trading and settling locally, linking domestic portfolios to the performance of the Nasdaq‑100 via the QQQ vehicle.