Kelli Gallegos
About Kelli Gallegos
Kelli Gallegos (born 1970) serves as Vice President and Treasurer of the Invesco ETF Trusts and is the Principal Financial and Accounting Officer – Pooled Investments for Invesco Capital Management LLC and Invesco Specialized Products, LLC . She is listed as Vice President and Treasurer for QQQ (Invesco QQQ Trust, Series 1) and signs QQQ registration amendments as Principal Financial and Accounting Officer – Pooled Investments . She has served in these capacities since 2018 across the Invesco ETF Trusts, with QQQ specifically noting “Vice President and Treasurer, Since 2025” in its latest registration statement . QQQ is undergoing a conversion from a UIT to an Open-End Fund with a unitary advisory fee expected to reduce the total expense ratio from 0.20% to 0.18% (estimated savings of more than $70 million based on July 1, 2025 assets) .
Past Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Invesco Advisers, Inc. | Vice President | 2020–Present | Executive role supporting ETF trusts |
| Invesco Specialized Products, LLC | Principal Financial and Accounting Officer – Pooled Investments | 2018–Present | Pooled investments financial leadership |
| Invesco ETF Trusts (multiple) | Vice President and Treasurer | 2018–Present | Roles across Invesco Exchange-Traded Fund Trusts I & II, India ETF Trust, Actively Managed ETF Trust, Commodity ETF Trust, Self-Indexed ETF Trust |
| Invesco Capital Management LLC | Principal Financial and Accounting Officer – Pooled Investments | 2018–Present | Financial/accounting oversight for pooled investments |
| Invesco Capital Management LLC | Assistant Treasurer | 2013–2018 | Treasury support prior to current PFAO role |
| The Invesco Funds | Vice President and Assistant Treasurer | 2008–Present | Ongoing VP/Assistant Treasurer responsibilities |
| The Invesco Funds | Principal Financial Officer | 2016–2020 | PFO responsibilities for fund complex |
| The Invesco Funds | Assistant Vice President | 2008–2016 | Earlier finance leadership role |
| Invesco ETF Trusts (specific trusts) | Assistant Treasurer | 2012–2018; 2014–2018; 2016–2018 | Assistant Treasurer across ETF Trusts (I/II, India, Actively Managed, Commodity, Self-Indexed) |
Fixed Compensation
No officer compensation tables or salary/bonus disclosures for Kelli Gallegos appear in the QQQ proxy or the referenced registration statements; the proxy focuses on trust conversion, board composition, and trustee compensation (paid by the adviser under a unitary fee) rather than officer pay .
Performance Compensation
No disclosures of RSUs/PSUs, option grants, performance metrics, or vesting schedules for Kelli Gallegos are included in the QQQ filings reviewed .
Equity Ownership & Alignment
| Item | Data |
|---|---|
| Beneficial ownership of QQQ shares | Each Trustee Nominee and proposed executive officer, individually, owned less than 1% of the outstanding shares as of June 30, 2025 |
Employment Terms
| Term Element | Details |
|---|---|
| Offices | Vice President and Treasurer (Invesco ETF Trusts; QQQ); Principal Financial and Accounting Officer – Pooled Investments (Invesco Capital Management LLC; Invesco Specialized Products, LLC) |
| Start dates (by role) | VP & Treasurer since 2018 (ETF Trusts); VP & Treasurer since 2025 (QQQ filing); PFAO – Pooled Investments since 2018 |
| Officer term | Officers serve indefinite terms until successors are elected; same expectation for the Trust once the Board is seated |
| Signatory authority | Signs QQQ registration statements/post-effective amendments as Principal Financial and Accounting Officer – Pooled Investments |
| Address of record | Invesco Capital Management LLC, 3500 Lacey Road, Suite 700, Downers Grove, IL 60515 |
Investment Implications
- Tenure and role continuity: Gallegos has served as VP & Treasurer across the Invesco ETF Trusts since 2018 and as Principal Financial and Accounting Officer – Pooled Investments since 2018, suggesting continuity in finance leadership and low near‑term retention risk within Invesco’s ETF complex .
- Alignment via ownership: Proposed executive officers (including Gallegos) individually owned less than 1% of QQQ shares as of June 30, 2025, limiting potential insider selling pressure signals tied to personal holdings .
- Trust-level changes that impact operations and oversight (indirectly relevant to officer responsibilities): The conversion to an Open-End Fund and adoption of a unitary advisory fee reduces QQQ’s expense ratio to 0.18% (saving an estimated >$70M annually) and introduces operational flexibilities (e.g., potential securities lending; usage of affiliated brokers under best execution), alongside enhanced board oversight—factors that can affect fund performance and governance rigour even though they do not disclose executive incentives .
- Event timing: The special meeting for the conversion and advisory approval was scheduled for October 24, 2025, marking the governance transition point for QQQ’s oversight and officer appointment framework .
Overall, QQQ’s filings provide detailed background and tenure for Gallegos but do not disclose officer-specific compensation, incentive metrics, or severance/change-of-control terms; thus, pay‑for‑performance and incentive alignment assessments cannot be completed from these documents alone .