Invesco ETF Plans Major Shift to Allow More Flexible Real Estate Investments

Rhea-AI Filing Summary

Invesco Total Return Bond ETF has announced a Special Meeting of Shareholders scheduled for July 10, 2025 to vote on a significant proposal regarding the fund's classification.

Key points of the proposal:

• Change in fund's sub-classification from "diversified" to "non-diversified"
• Elimination of related fundamental investment restrictions
• Aims to provide increased investment flexibility and potential performance improvements

The Board of Trustees has recommended shareholders vote "FOR" the proposal. Shareholders can vote through multiple channels:

• Phone: 1-833-876-6800 (Mon-Fri 10am-11pm ET, Sat 12pm-5pm ET)
• Internet: Via provided proxy card link
• Mail: Using enclosed prepaid return envelope

This DEFA14A filing represents definitive additional proxy soliciting materials. No filing fee was required for this submission.

Positive

• Proposed change from 'diversified' to 'non-diversified' classification could provide greater investment flexibility and potential for improved performance
• Board of Trustees unanimously recommends the proposal, indicating strong corporate governance alignment

Negative

• Shift to non-diversified status could increase portfolio concentration risk and volatility
• Change in fundamental investment restrictions may lead to higher risk exposure in specific sectors or securities

Insights

Fund Structure Specialist

ETF seeks to remove diversification requirements, giving managers more flexibility but potentially increasing concentration risk for shareholders.

This proxy solicitation involves a significant structural change for the fund. The proposal would reclassify the ETF from "diversified" to "non-diversified" under the Investment Company Act of 1940 and eliminate related fundamental investment restrictions.

This change has substantial implications for the fund's investment approach. Currently, as a "diversified" fund, it must adhere to specific concentration limits - 75% of assets must be invested in positions that each represent no more than 5% of total assets, and it cannot own more than 10% of any issuer's outstanding voting securities. These requirements deliberately limit concentration risk.

The proposed reclassification would remove these constraints, allowing management significantly greater flexibility to make larger allocations to specific securities. This structural change represents a fundamental shift in investment strategy rather than a mere administrative adjustment. While potentially enabling managers to more aggressively pursue high-conviction positions, it also introduces the possibility of increased portfolio concentration and potentially higher volatility.

The board's recommendation for approval suggests they believe the benefits of increased investment flexibility outweigh the potential drawbacks of increased concentration risk. Shareholders should recognize this vote represents a meaningful change to the fund's risk profile and management approach.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

Filed by the Registrant [X]

Filed by a Party other than the Registrant [ ]

Check the appropriate box:

 

[ ] Preliminary Proxy Statement

[ ] Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

[ ] Definitive Proxy Statement

[ X ] Definitive Additional Materials

[ ] Soliciting Material Pursuant to § 240.14a-11(c) or § 240.14a-12

INVESCO ACTIVELY MANAGED EXCHANGE-TRADED FUND TRUST

(Name of Registrant as Specified In Its Charter)

 

 

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

[X] No fee required.

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[ ] Fee paid previously with preliminary materials.

[ ] Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

 

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  4) Date Filed:      

PO Box 211230, Eagan, MN 55121-9984

IMMEDIATE ACTION NEEDED BELOW 

 

                       

INVESCO ACTIVE U.S. REAL ESTATE ETF

Dear Shareholder:

We are writing to ask you to call us in connection with your investment in the Invesco Active U.S. Real Estate ETF.

URGENT – PLEASE CALL NOW

1-833-876-7300

Please call our proxy solicitor, Sodali Fund Solutions, at your earliest convenience.

Hours or Operation:

 

  •   Monday – Friday from 10:00 a.m. to 11:00 p.m. ET

 

  •   Saturday from 12:00 p.m. to 5:00 p.m. ET

Please have your reference number(s) below ready and a representative will assist you.

REFERENCE NUMBER(S):

To receive a free copy of the Proxy Statement, please call the funds’ solicitor toll free at 1-833-876-7300 or go to

https://proxyvotinginfo.com/p/reetf.

Invesco Active U.S. Real Estate ETF

Dear Shareholder:

A Special Meeting of Shareholders of the Invesco Active U.S. Real Estate ETF (the “Fund”) is scheduled to be held on July 10, 2025. As a shareholder of record in the Fund, we ask you to vote as soon as possible.

YOUR VOTE IS VERY IMPORTANT!

Your Fund is proposing a change in sub-classification from “diversified” to “non-diversified” and the elimination of the related fundamental investment restrictions, which will allow for increased investment flexibility and potentially improve performance.

THE BOARD OF TRUSTEES RECOMMENDS YOU VOTE “FOR” THE PROPOSAL

Please vote in any of the following convenient ways.

 

	 	Vote by Phone Speak with a proxy voting specialist today by calling 1-833-876-6800. Hours of Operation: Monday-Friday: 10 a.m. to 11 p.m. ET          Saturday 12:00 pm to 5:00 pm You may also call the toll-free number on the enclosed card and follow the prompts.
   	 	  Vote by Internet by visiting the internet address on the enclosed card and following the instructions.
     	 	  Vote by Mail by completing, signing, and dating the enclosed card and returning it in the enclosed prepaid return envelope.

If you have any questions or need assistance in voting, please contact our proxy solicitor toll-free at 1-833-876-6800.

Thank you in advance for your support.

To receive a free copy of the Proxy Statement, please call the funds’ solicitor toll free at 1-833-876-6800 or go

to https://proxyvotinginfo.com/p/reetf.

FAQ

What is the key proposal being voted on for GTO (Invesco Total Return Bond ETF) in July 2025?

The Fund is proposing to change its sub-classification from 'diversified' to 'non-diversified' and eliminate related fundamental investment restrictions. This change aims to allow for increased investment flexibility and potentially improve performance.

When is GTO's Special Meeting of Shareholders scheduled for 2025?

The Special Meeting of Shareholders is scheduled to be held on July 10, 2025.

How can GTO shareholders vote on the 2025 proxy proposal?

Shareholders can vote in three ways: 1) By phone - calling 1-833-876-6800 to speak with a proxy voting specialist (Mon-Fri 10am-11pm ET, Sat 12pm-5pm ET), 2) By internet - visiting the address on the enclosed card, or 3) By mail - completing, signing, and returning the enclosed proxy card in the prepaid envelope.

What is the Board of Trustees' recommendation for GTO's 2025 proxy vote?

The Board of Trustees recommends shareholders vote 'FOR' the proposal to change the fund's classification from diversified to non-diversified.

How can GTO shareholders access the full proxy statement for the July 2025 vote?

Shareholders can obtain a free copy of the Proxy Statement by either calling the fund's solicitor toll-free at 1-833-876-6800 or by visiting https://proxyvotinginfo.com/p/reetf.