Invesco has filed to reclassify its $360 billion QQQ fund from a unit investment trust (UIT) to an open-ended fund structure. This restructuring is expected to reduce the expense ratio by 2 basis points to 18 basis points, allowing Invesco to capture more fee revenue from the highly profitable QQQ product. The move comes as Invesco shares reached a two-year high, reflecting investor optimism about the firm's strategy to generate increased income from managing the QQQ ETF. The QQQ fund is one of the most profitable offerings in the $11.7 trillion asset management industry, yet Invesco has historically earned minimal fees from it. The reclassification is seen as a step to enhance profitability from this flagship fund.