Invesco Comstock Contrarian Equity ETF is an actively managed, non-diversified exchange-traded fund that seeks long-term capital appreciation by investing primarily in common stocks and related instruments exhibiting contrarian, value-oriented characteristics. The fund, which trades under the ticker CSTK, is sponsored by Invesco Capital Management LLC, co-managed by Invesco Advisers, Inc., and sub-advised through Invesco’s Comstock investment platform. CSTK normally invests at least 80% of net assets, plus borrowings for investment purposes, in common stocks and derivatives or other instruments with similar economic characteristics; it targets principally U.S.-centric equity opportunities across sectors, emphasizing companies whose market prices are considered materially below underlying value. The portfolio typically holds approximately 40 to 60 positions, applies a concentrated long-term investment approach with a typical five- to seven-year horizon, and may invest in large-cap value securities, cash equivalents and derivative instruments. The ETF serves retail, intermediary and institutional investors seeking actively managed exposure to contrarian U.S. equity investments through an exchange-traded vehicle. CSTK was formed in the United States in May 2025 and is part of the Invesco Actively Managed Exchange-Traded Fund Trust; Invesco Ltd. is headquartered in Atlanta, Georgia, and operates investment-management businesses globally. Recent strategic developments include the May 2025 launch of CSTK, which expanded Invesco’s actively managed ETF range by making the Comstock Contrarian Equity strategy available in ETF format; the fund continues to be positioned as a concentrated, U.S.-focused active equity offering with no currency hedging.