# EDGAR Filing Document

**Accession Number:** 0001378872
**File Stem:** 0001752724-23-017280
**Filing Date:** 2023-1
**Character Count:** 72803
**Document Hash:** b2139983491103beb3c99eac7b27a5a0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-017280.hdr.sgml**: 20230130

**ACCESSION NUMBER**: 0001752724-23-017280

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230130

**DATE AS OF CHANGE**: 20230130

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Invesco Exchange-Traded Fund Trust II
- **CENTRAL INDEX KEY:** 0001378872
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21977
- **FILM NUMBER:** 23565204

**BUSINESS ADDRESS:**
- **STREET 1:** 3500 LACEY ROAD
- **STREET 2:** SUITE 700
- **CITY:** DOWNERS GROVE
- **STATE:** IL
- **ZIP:** 60515
- **BUSINESS PHONE:** 800-983-0903

**MAIL ADDRESS:**
- **STREET 1:** 3500 LACEY ROAD
- **STREET 2:** SUITE 700
- **CITY:** DOWNERS GROVE
- **STATE:** IL
- **ZIP:** 60515

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PowerShares Exchange-Traded Fund Trust II
- **DATE OF NAME CHANGE:** 20070919

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PowerShares Global Exchange-Traded Fund Trust
- **DATE OF NAME CHANGE:** 20061023

## Series and Classes Contracts Data

### Invesco KBW Premium Yield Equity REIT ETF (Series ID: S000030362)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000093358 | Invesco KBW Premium Yield Equity REIT ETF | KBWY            |

## Nport-Ex

Schedule of Investments<sup>(a)</sup><br>

### Invesco KBW Bank ETF (KBWB)
November 30, 2022

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Common Stocks & Other Equity Interests-99.88%** | **Common Stocks & Other Equity Interests-99.88%** | **Common Stocks & Other Equity Interests-99.88%** |
| **Asset Management & Custody Banks-12.01%** | **Asset Management & Custody Banks-12.01%** | **Asset Management & Custody Banks-12.01%** |
| Bank of New York Mellon Corp. (The)<br>| 2045805 | &nbsp;&nbsp;$93902450 |
| Northern Trust Corp.<br>| &nbsp;&nbsp;&nbsp;747658 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69614436 |
| State Street Corp.<br>| 1242933 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99024472 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;262541358 |
| **Consumer Finance-3.79%** | **Consumer Finance-3.79%** | **Consumer Finance-3.79%** |
| Capital One Financial Corp.<br>| &nbsp;&nbsp;&nbsp;802923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82893771 |
| **Diversified Banks-42.18%** | **Diversified Banks-42.18%** | **Diversified Banks-42.18%** |
| Bank of America Corp.<br>| 5055691 | &nbsp;&nbsp;&nbsp;&nbsp;191357904 |
| Citigroup, Inc.<br>| 3480978 | &nbsp;&nbsp;&nbsp;&nbsp;168514145 |
| JPMorgan Chase & Co.<br>| 1494026 | &nbsp;&nbsp;&nbsp;&nbsp;206444513 |
| U.S. Bancorp<br>| 3725245 | &nbsp;&nbsp;&nbsp;&nbsp;169088870 |
| Wells Fargo & Co.<br>| 3887162 | &nbsp;&nbsp;&nbsp;&nbsp;186389418 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;921794850 |
| **Regional Banks-41.90%** | **Regional Banks-41.90%** | **Regional Banks-41.90%** |
| Citizens Financial Group, Inc.<br>| 1778564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75375542 |
| Comerica, Inc.<br>| &nbsp;&nbsp;&nbsp;469429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33676836 |
| East West Bancorp, Inc.<br>| &nbsp;&nbsp;&nbsp;505650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35501687 |
| Fifth Third Bancorp<br>| 2461943 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89516248 |
| First Republic Bank<br>| &nbsp;&nbsp;&nbsp;559528 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71401368 |
| Huntington Bancshares, Inc.<sup>(b)</sup><br>| 5174600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80102808 |
| KeyCorp<br>| 3346121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62940536 |
| M&T Bank Corp.<br>| &nbsp;&nbsp;&nbsp;467322 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79454086 |
| PNC Financial Services Group, Inc. (The)<br>| &nbsp;&nbsp;&nbsp;537670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90468354 |
| Regions Financial Corp.<br>| 3352881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77820368 |
| Signature Bank<br>| &nbsp;&nbsp;&nbsp;225784 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31496868 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Regional Banks-(continued)** | **Regional Banks-(continued)** | **Regional Banks-(continued)** |
| SVB Financial Group<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;209025 | &nbsp;&nbsp;&nbsp;&nbsp;$48447815 |
| Truist Financial Corp.<br>| 1813843 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84905991 |
| Western Alliance Bancorporation<br>| &nbsp;&nbsp;&nbsp;388650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26638071 |
| Zions Bancorporation N.A.<br>| &nbsp;&nbsp;&nbsp;540053 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27985546 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;915732124 |
| TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-99.88%<br>(Cost $2,675,950,555) | TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-99.88%<br>(Cost $2,675,950,555) | &nbsp;&nbsp;2182962103 |
| **Investments Purchased with Cash Collateral<br> from Securities on Loan** | **Investments Purchased with Cash Collateral<br> from Securities on Loan** | **Investments Purchased with Cash Collateral<br> from Securities on Loan** |
| **Money Market Funds-0.22%** | **Money Market Funds-0.22%** | **Money Market Funds-0.22%** |
| Invesco Private Government Fund, 3.83%<sup>(d)(e)(f)</sup><br>| 1320653 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1320653 |
| Invesco Private Prime Fund, 4.15%<sup>(d)(e)(f)</sup><br>| 3394874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3395553 |
| &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $4,715,983) | &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $4,715,983) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4716206 |
| TOTAL INVESTMENTS IN SECURITIES-100.10%<br>(Cost $2,680,666,538) | TOTAL INVESTMENTS IN SECURITIES-100.10%<br>(Cost $2,680,666,538) | &nbsp;&nbsp;2187678309 |
| OTHER ASSETS LESS LIABILITIES-(0.10)% | OTHER ASSETS LESS LIABILITIES-(0.10)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2145095) |
| NET ASSETS-100.00% | NET ASSETS-100.00% | $2185533214 |

---

---

| | |
|:---|:---|
| Notes to Schedule of Investments: | Notes to Schedule of Investments: |
| <sup>(a)</sup> | Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor's. |
| <sup>(b)</sup> | All or a portion of this security was out on loan at November 30, 2022. |
| <sup>(c)</sup> | Non-income producing security. |
| <sup>(d)</sup> | Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund's transactions in, and earnings from, its investments in affiliates for the three months ended November 30, 2022. |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Value<br> August 31, 2022** | &nbsp;&nbsp;&nbsp;**Purchases<br> at Cost** | &nbsp;&nbsp;&nbsp;**Proceeds<br> from Sales** | &nbsp;&nbsp;&nbsp;**Change in<br> Unrealized<br> Appreciation<br> (Depreciation)** | &nbsp;&nbsp;&nbsp;**Realized<br> Gain** | &nbsp;&nbsp;&nbsp;**Value<br> November 30, 2022** | &nbsp;&nbsp;&nbsp;**Dividend<br> Income** |
| &nbsp;&nbsp;**Investments in Affiliated Money Market Funds:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Invesco Government & Agency Portfolio, Institutional Class | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$20332415 | &nbsp;&nbsp;&nbsp;$(20332415) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;$5730 |
| &nbsp;&nbsp;**Investments Purchased with Cash Collateral from Securities on Loan:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Invesco Private Government Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6003556 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40065419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(44748322) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;1320653 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45,045\* |
| &nbsp;&nbsp;Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp;&nbsp;15437715 | &nbsp;&nbsp;&nbsp;&nbsp;104418012 | &nbsp;&nbsp;&nbsp;&nbsp;(116463308) | &nbsp;&nbsp;&nbsp;&nbsp;(653) | &nbsp;&nbsp;&nbsp;&nbsp;3787 | &nbsp;&nbsp;&nbsp;&nbsp;3395553 | &nbsp;&nbsp;&nbsp;&nbsp;119,874\* |
| &nbsp;&nbsp;Total | &nbsp;&nbsp;&nbsp;$21441271 | &nbsp;&nbsp;&nbsp;$164815846 | &nbsp;&nbsp;&nbsp;$(181544045) | &nbsp;&nbsp;&nbsp;$(653) | &nbsp;&nbsp;&nbsp;$3787 | &nbsp;&nbsp;&nbsp;$4716206 | &nbsp;&nbsp;&nbsp;$170649 |

---

\* Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from borrowers, if any.

<sup>(e)</sup> The rate shown is the 7-day SEC standardized yield as of November 30, 2022. <br> <sup>(f)</sup> The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower's return of the securities loaned.

The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.

See accompanying notes which are an integral part of this schedule.

------

Schedule of Investments<sup>(a)</sup><br>

### Invesco KBW High Dividend Yield Financial ETF (KBWD)
November 30, 2022

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Common Stocks & Other Equity Interests-79.60%** | **Common Stocks & Other Equity Interests-79.60%** | **Common Stocks & Other Equity Interests-79.60%** |
| **Asset Management & Custody Banks-15.32%** | **Asset Management & Custody Banks-15.32%** | **Asset Management & Custody Banks-15.32%** |
| Artisan Partners Asset Management, Inc., Class A<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;245949 | &nbsp;&nbsp;&nbsp;&nbsp;$8531971 |
| BlackRock TCP Capital Corp.<br>| &nbsp;&nbsp;&nbsp;762256 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10122760 |
| Carlyle Secured Lending, Inc., BDC<br>| &nbsp;&nbsp;&nbsp;767104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11015613 |
| MidCap Financial Investment Corp.<br>| &nbsp;&nbsp;&nbsp;861940 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10679436 |
| Newtek Business Services Corp., BDC<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;664969 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12554615 |
| Patria Investments Ltd., Class A (Cayman Islands)<br>| &nbsp;&nbsp;&nbsp;378137 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5161570 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58065965 |
| **Consumer Finance-3.78%** | **Consumer Finance-3.78%** | **Consumer Finance-3.78%** |
| OneMain Holdings, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;363767 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14317869 |
| **Diversified Banks-1.77%** | **Diversified Banks-1.77%** | **Diversified Banks-1.77%** |
| Bank of NT Butterfield & Son Ltd. (The) (Bermuda)<br>| &nbsp;&nbsp;&nbsp;193193 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6723116 |
| **Investment Banking & Brokerage-5.74%** | **Investment Banking & Brokerage-5.74%** | **Investment Banking & Brokerage-5.74%** |
| B. Riley Financial, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;188612 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8283839 |
| Lazard Ltd., Class A<br>| &nbsp;&nbsp;&nbsp;176794 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6472428 |
| Moelis & Co., Class A<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;161511 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6980506 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21736773 |
| **Life & Health Insurance-2.94%** | **Life & Health Insurance-2.94%** | **Life & Health Insurance-2.94%** |
| Prudential Financial, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;61154 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6606467 |
| Unum Group<br>| &nbsp;&nbsp;&nbsp;107622 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4539496 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11145963 |
| **Mortgage REITs-38.38%** | **Mortgage REITs-38.38%** | **Mortgage REITs-38.38%** |
| AGNC Investment Corp.<br>| 1177779 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11766012 |
| Annaly Capital Management, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;617651 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13384497 |
| Apollo Commercial Real Estate Finance, Inc.<sup>(b)</sup><br>| 1204797 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14891291 |
| ARMOUR Residential REIT, Inc.<sup>(b)</sup><br>| 2780368 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16348564 |
| Broadmark Realty Capital, Inc.<br>| 2358301 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9598285 |
| Dynex Capital, Inc.<br>| &nbsp;&nbsp;&nbsp;757419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9922189 |
| Ellington Financial, Inc.<br>| &nbsp;&nbsp;&nbsp;975569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13306761 |
| PennyMac Mortgage Investment Trust<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;995726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15204736 |
| Ready Capital Corp.<sup>(b)</sup><br>| 1143415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15321761 |
| Rithm Capital Corp.<sup>(b)</sup><br>| 1313454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11886759 |
| Two Harbors Investment Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;844117 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13843519 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;145474374 |
| **Property & Casualty Insurance-3.18%** | **Property & Casualty Insurance-3.18%** | **Property & Casualty Insurance-3.18%** |
| James River Group Holdings Ltd.<br>| &nbsp;&nbsp;&nbsp;&nbsp;41588 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;998944 |
| Mercury General Corp.<br>| &nbsp;&nbsp;&nbsp;145767 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5288427 |
| Universal Insurance Holdings, Inc.<br>| &nbsp;&nbsp;&nbsp;524333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5762419 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12049790 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Regional Banks-3.69%** | **Regional Banks-3.69%** | **Regional Banks-3.69%** |
| Heritage Commerce Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;476481 | &nbsp;&nbsp;&nbsp;&nbsp;$6770795 |
| Northwest Bancshares, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;471997 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7216834 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13987629 |
| **Thrifts & Mortgage Finance-3.28%** | **Thrifts & Mortgage Finance-3.28%** | **Thrifts & Mortgage Finance-3.28%** |
| New York Community Bancorp, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;828677 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7748130 |
| Provident Financial Services, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;207781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4681306 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12429436 |
| **Trading Companies & Distributors-1.52%** | **Trading Companies & Distributors-1.52%** | **Trading Companies & Distributors-1.52%** |
| Triton International Ltd. (Bermuda)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85517 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5769832 |
| &nbsp;&nbsp;&nbsp;Total Common Stocks & Other Equity Interests<br>(Cost $335,680,435) | &nbsp;&nbsp;&nbsp;Total Common Stocks & Other Equity Interests<br>(Cost $335,680,435) | &nbsp;&nbsp;&nbsp;301700747 |
| **Closed-End Funds-20.26%** | **Closed-End Funds-20.26%** | **Closed-End Funds-20.26%** |
| Bain Capital Specialty Finance, Inc., BDC<br>| &nbsp;&nbsp;&nbsp;&nbsp;732103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9898033 |
| FS KKR Capital Corp., BDC<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;672154 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13348978 |
| Goldman Sachs BDC, Inc., BDC<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;725757 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11241976 |
| New Mountain Finance Corp., BDC<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;812997 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10381972 |
| Oaktree Specialty Lending Corp., BDC<br>| &nbsp;&nbsp;1658569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11908525 |
| Owl Rock Capital Corp., BDC<br>| &nbsp;&nbsp;&nbsp;&nbsp;838815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10829102 |
| WhiteHorse Finance, Inc., BDC<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;687453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9177497 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76786083 |
| &nbsp;&nbsp;&nbsp;Total Closed-End Funds<br>(Cost $80,168,536) | &nbsp;&nbsp;&nbsp;Total Closed-End Funds<br>(Cost $80,168,536) | &nbsp;&nbsp;&nbsp;&nbsp;76786083 |
| TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-99.86%<br>(Cost $415,848,971) | TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-99.86%<br>(Cost $415,848,971) | &nbsp;&nbsp;&nbsp;378486830 |
| **Investments Purchased with Cash Collateral<br> from Securities on Loan** | **Investments Purchased with Cash Collateral<br> from Securities on Loan** | **Investments Purchased with Cash Collateral<br> from Securities on Loan** |
| **Money Market Funds-30.52%** | **Money Market Funds-30.52%** | **Money Market Funds-30.52%** |
| Invesco Private Government Fund, 3.83%<sup>(c)(d)(e)</sup><br>| 32393269 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32393269 |
| Invesco Private Prime Fund, 4.15%<sup>(c)(d)(e)</sup><br>| 83257727 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83274376 |
| &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $115,653,464) | &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $115,653,464) | &nbsp;&nbsp;&nbsp;115667645 |
| TOTAL INVESTMENTS IN SECURITIES-130.38%<br>(Cost $531,502,435) | TOTAL INVESTMENTS IN SECURITIES-130.38%<br>(Cost $531,502,435) | &nbsp;&nbsp;&nbsp;494154475 |
| OTHER ASSETS LESS LIABILITIES-(30.38)% | OTHER ASSETS LESS LIABILITIES-(30.38)% | &nbsp;&nbsp;(115147927) |
| NET ASSETS-100.00% | NET ASSETS-100.00% | $379006548 |

---

See accompanying notes which are an integral part of this schedule.

------

### Invesco KBW High Dividend Yield Financial ETF (KBWD)—(continued)<br>
November 30, 2022

(Unaudited)

Investment Abbreviations: <br> BDC -Business Development Company <br> REIT -Real Estate Investment Trust

---

| | |
|:---|:---|
| Notes to Schedule of Investments: | Notes to Schedule of Investments: |
| <sup>(a)</sup> | Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor's. |
| <sup>(b)</sup> | All or a portion of this security was out on loan at November 30, 2022. |
| <sup>(c)</sup> | Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund's transactions in, and earnings from, its investments in affiliates for the three months ended November 30, 2022. |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Value<br> August 31, 2022** | &nbsp;&nbsp;&nbsp;**Purchases<br> at Cost** | &nbsp;&nbsp;&nbsp;**Proceeds<br> from Sales** | &nbsp;&nbsp;&nbsp;**Change in<br> Unrealized<br> Appreciation** | &nbsp;&nbsp;&nbsp;**Realized<br> Gain<br> (Loss)** | &nbsp;&nbsp;&nbsp;**Value<br> November 30, 2022** | &nbsp;&nbsp;&nbsp;**Dividend<br> Income** |
| &nbsp;&nbsp;**Investments in Affiliated Money Market Funds:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Invesco Government & Agency Portfolio, Institutional Class | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;$3323037 | &nbsp;&nbsp;&nbsp;&nbsp;$(3323037) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;$2164 |
| &nbsp;&nbsp;**Investments Purchased with Cash Collateral from Securities on Loan:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Invesco Private Government Fund | &nbsp;&nbsp;&nbsp;&nbsp;26654039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58371615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(52632385) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32393269 | &nbsp;&nbsp;&nbsp;&nbsp;226,267\* |
| &nbsp;&nbsp;Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp;&nbsp;68547907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95963711 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(81248130) | &nbsp;&nbsp;&nbsp;&nbsp;11810 | &nbsp;&nbsp;&nbsp;&nbsp;(922) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83274376 | &nbsp;&nbsp;&nbsp;&nbsp;614,923\* |
| &nbsp;&nbsp;Total | &nbsp;&nbsp;&nbsp;$95201946 | &nbsp;&nbsp;&nbsp;$157658363 | &nbsp;&nbsp;&nbsp;$(137203552) | &nbsp;&nbsp;&nbsp;$11810 | &nbsp;&nbsp;&nbsp;$(922) | &nbsp;&nbsp;&nbsp;$115667645 | &nbsp;&nbsp;&nbsp;$843354 |

---

\* Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from borrowers, if any.

<sup>(d)</sup> The rate shown is the 7-day SEC standardized yield as of November 30, 2022. <br> <sup>(e)</sup> The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower's return of the securities loaned.

The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.

See accompanying notes which are an integral part of this schedule.

------

Schedule of Investments<sup>(a)</sup><br>

### Invesco KBW Premium Yield Equity REIT ETF (KBWY)
November 30, 2022

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Common Stocks & Other Equity Interests-99.93%** | **Common Stocks & Other Equity Interests-99.93%** | **Common Stocks & Other Equity Interests-99.93%** |
| **Diversified REITs-18.16%** | **Diversified REITs-18.16%** | **Diversified REITs-18.16%** |
| Armada Hoffler Properties, Inc.<br>| &nbsp;&nbsp;&nbsp;711226 | &nbsp;&nbsp;$8641396 |
| Gladstone Commercial Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;576450 | &nbsp;&nbsp;&nbsp;&nbsp;10946786 |
| Global Net Lease, Inc.<br>| 1300621 | &nbsp;&nbsp;&nbsp;&nbsp;17597402 |
| STORE Capital Corp.<br>| &nbsp;&nbsp;&nbsp;341316 | &nbsp;&nbsp;&nbsp;&nbsp;10887980 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;48073564 |
| **Health Care REITs-19.60%** | **Health Care REITs-19.60%** | **Health Care REITs-19.60%** |
| CareTrust REIT, Inc.<br>| &nbsp;&nbsp;&nbsp;382495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7573401 |
| LTC Properties, Inc.<br>| &nbsp;&nbsp;&nbsp;182541 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7172036 |
| Medical Properties Trust, Inc.<br>| &nbsp;&nbsp;&nbsp;752425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9871816 |
| National Health Investors, Inc.<br>| &nbsp;&nbsp;&nbsp;135333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7613835 |
| Omega Healthcare Investors, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;336587 | &nbsp;&nbsp;&nbsp;&nbsp;10191854 |
| Sabra Health Care REIT, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;734331 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9480213 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;51903155 |
| **Industrial REITs-9.07%** | **Industrial REITs-9.07%** | **Industrial REITs-9.07%** |
| Industrial Logistics Properties Trust<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;115022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;468140 |
| LXP Industrial Trust<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;765190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8233444 |
| Plymouth Industrial REIT, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;345539 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7152657 |
| STAG Industrial, Inc.<br>| &nbsp;&nbsp;&nbsp;248299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8171520 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;24025761 |
| **Office REITs-18.93%** | **Office REITs-18.93%** | **Office REITs-18.93%** |
| Brandywine Realty Trust<br>| 1816684 | &nbsp;&nbsp;&nbsp;&nbsp;12553286 |
| Easterly Government Properties, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;530761 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8407254 |
| Office Properties Income Trust<sup>(b)</sup><br>| 1098436 | &nbsp;&nbsp;&nbsp;&nbsp;16795087 |
| SL Green Realty Corp.<br>| &nbsp;&nbsp;&nbsp;294647 | &nbsp;&nbsp;&nbsp;&nbsp;12363388 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;50119015 |
| **Residential REITs-2.64%** | **Residential REITs-2.64%** | **Residential REITs-2.64%** |
| UMH Properties, Inc.<br>| &nbsp;&nbsp;&nbsp;396588 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6983915 |
| **Retail REITs-20.64%** | **Retail REITs-20.64%** | **Retail REITs-20.64%** |
| Getty Realty Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;292421 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9655741 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Retail REITs-(continued)** | **Retail REITs-(continued)** | **Retail REITs-(continued)** |
| National Retail Properties, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;176058 | &nbsp;&nbsp;&nbsp;&nbsp;$8162049 |
| Necessity Retail REIT, Inc. (The)<sup>(b)</sup><br>| &nbsp;&nbsp;2354173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15725876 |
| Spirit Realty Capital, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;256394 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10619840 |
| Urstadt Biddle Properties, Inc., Class A<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;548241 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10487850 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54651356 |
| **Specialized REITs-10.89%** | **Specialized REITs-10.89%** | **Specialized REITs-10.89%** |
| EPR Properties<br>| &nbsp;&nbsp;&nbsp;&nbsp;252769 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10517718 |
| Four Corners Property Trust, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;296752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8053849 |
| Gaming and Leisure Properties, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;195260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10272629 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28844196 |
| TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-99.93%<br>(Cost $290,911,183) | TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-99.93%<br>(Cost $290,911,183) | &nbsp;&nbsp;264600962 |
| **Investments Purchased with Cash Collateral<br> from Securities on Loan** | **Investments Purchased with Cash Collateral<br> from Securities on Loan** | **Investments Purchased with Cash Collateral<br> from Securities on Loan** |
| **Money Market Funds-11.92%** | **Money Market Funds-11.92%** | **Money Market Funds-11.92%** |
| Invesco Private Government Fund, 3.83%<sup>(c)(d)(e)</sup><br>| &nbsp;&nbsp;8841787 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8841787 |
| Invesco Private Prime Fund, 4.15%<sup>(c)(d)(e)</sup><br>| 22725091 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22729635 |
| &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $31,568,196) | &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $31,568,196) | &nbsp;&nbsp;&nbsp;&nbsp;31571422 |
| TOTAL INVESTMENTS IN SECURITIES-111.85%<br>(Cost $322,479,379) | TOTAL INVESTMENTS IN SECURITIES-111.85%<br>(Cost $322,479,379) | &nbsp;&nbsp;296172384 |
| OTHER ASSETS LESS LIABILITIES-(11.85)% | OTHER ASSETS LESS LIABILITIES-(11.85)% | &nbsp;&nbsp;&nbsp;(31371727) |
| NET ASSETS-100.00% | NET ASSETS-100.00% | $264800657 |

---

Investment Abbreviations: <br> REIT -Real Estate Investment Trust

---

| | |
|:---|:---|
| Notes to Schedule of Investments: | Notes to Schedule of Investments: |
| <sup>(a)</sup> | Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor's. |
| <sup>(b)</sup> | All or a portion of this security was out on loan at November 30, 2022. |
| <sup>(c)</sup> | Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund's transactions in, and earnings from, its investments in affiliates for the three months ended November 30, 2022. |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Value<br> August 31, 2022** | &nbsp;&nbsp;&nbsp;**Purchases<br> at Cost** | &nbsp;&nbsp;&nbsp;**Proceeds<br> from Sales** | &nbsp;&nbsp;&nbsp;**Change in<br> Unrealized<br> Appreciation** | &nbsp;&nbsp;&nbsp;**Realized<br> Gain** | &nbsp;&nbsp;&nbsp;**Value<br> November 30, 2022** | &nbsp;&nbsp;&nbsp;**Dividend<br> Income** |
| &nbsp;&nbsp;**Investments in Affiliated Money Market Funds:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Invesco Government & Agency Portfolio, Institutional Class | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;$4617452 | &nbsp;&nbsp;&nbsp;&nbsp;$(4617452) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;$2318 |

---

See accompanying notes which are an integral part of this schedule.

------

### Invesco KBW Premium Yield Equity REIT ETF (KBWY)—(continued)<br>
November 30, 2022

(Unaudited)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Value<br> August 31, 2022** | &nbsp;&nbsp;&nbsp;**Purchases<br> at Cost** | &nbsp;&nbsp;&nbsp;**Proceeds<br> from Sales** | &nbsp;&nbsp;&nbsp;**Change in<br> Unrealized<br> Appreciation** | &nbsp;&nbsp;&nbsp;**Realized<br> Gain** | &nbsp;&nbsp;&nbsp;**Value<br> November 30, 2022** | &nbsp;&nbsp;&nbsp;**Dividend<br> Income** |
| &nbsp;&nbsp;**Investments Purchased with Cash Collateral from Securities on Loan:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Invesco Private Government Fund | &nbsp;&nbsp;&nbsp;$11365194 | &nbsp;&nbsp;&nbsp;$36035218 | &nbsp;&nbsp;&nbsp;$(38558625) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$8841787 | &nbsp;&nbsp;&nbsp;$74,970\* |
| &nbsp;&nbsp;Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp;&nbsp;29170947 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82181040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(88626141) | &nbsp;&nbsp;&nbsp;&nbsp;2331 | &nbsp;&nbsp;&nbsp;&nbsp;1458 | &nbsp;&nbsp;&nbsp;&nbsp;22729635 | &nbsp;&nbsp;&nbsp;&nbsp;207,684\* |
| &nbsp;&nbsp;Total | &nbsp;&nbsp;&nbsp;$40536141 | &nbsp;&nbsp;&nbsp;$122833710 | &nbsp;&nbsp;&nbsp;$(131802218) | &nbsp;&nbsp;&nbsp;$2331 | &nbsp;&nbsp;&nbsp;$1458 | &nbsp;&nbsp;&nbsp;$31571422 | &nbsp;&nbsp;&nbsp;$284972 |

---

\* Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from borrowers, if any.

<sup>(d)</sup> The rate shown is the 7-day SEC standardized yield as of November 30, 2022. <br> <sup>(e)</sup> The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower's return of the securities loaned.

The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.

See accompanying notes which are an integral part of this schedule.

------

Schedule of Investments<sup>(a)</sup><br>

### Invesco KBW Property & Casualty Insurance ETF (KBWP)
November 30, 2022

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Common Stocks & Other Equity Interests-99.69%** | **Common Stocks & Other Equity Interests-99.69%** | **Common Stocks & Other Equity Interests-99.69%** |
| **Multi-line Insurance-17.05%** | **Multi-line Insurance-17.05%** | **Multi-line Insurance-17.05%** |
| American International Group, Inc.<br>| 456649 | &nbsp;&nbsp;$28819118 |
| Assurant, Inc.<br>| &nbsp;&nbsp;74552 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9559057 |
| Hartford Financial Services Group, Inc. (The)<br>| 183732 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14031613 |
| Horace Mann Educators Corp.<sup>(b)</sup><br>| 155833 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6013596 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58423384 |
| **Property & Casualty Insurance-72.32%** | **Property & Casualty Insurance-72.32%** | **Property & Casualty Insurance-72.32%** |
| Allstate Corp. (The)<br>| 196113 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26259531 |
| American Financial Group, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;92542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13161323 |
| Arch Capital Group Ltd.<sup>(b)(c)</sup><br>| 258439 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15483080 |
| AXIS Capital Holdings Ltd.<br>| 222310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12796164 |
| Chubb Ltd.<br>| 125001 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27448970 |
| Cincinnati Financial Corp.<br>| 121862 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13521808 |
| Hanover Insurance Group, Inc. (The)<sup>(b)</sup><br>| &nbsp;&nbsp;91319 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13451289 |
| James River Group Holdings Ltd.<br>| 142698 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3427606 |
| Kemper Corp.<sup>(b)</sup><br>| 243297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13848465 |
| Mercury General Corp.<sup>(b)</sup><br>| 210983 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7654463 |
| ProAssurance Corp.<br>| 205616 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4110264 |
| Progressive Corp. (The)<br>| 192676 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25462133 |
| RLI Corp.<br>| 107650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14002035 |
| Selective Insurance Group, Inc.<sup>(b)</sup><br>| 148776 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14300349 |
| Travelers Cos., Inc. (The)<br>| 146199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27750032 |
| Universal Insurance Holdings, Inc.<br>| 117039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1286259 |
| W.R. Berkley Corp.<br>| 182343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13909124 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;247872895 |
| **Reinsurance-10.32%** | **Reinsurance-10.32%** | **Reinsurance-10.32%** |
| Everest Re Group Ltd.<br>| &nbsp;&nbsp;43917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14841311 |
| RenaissanceRe Holdings Ltd. (Bermuda)<br>| &nbsp;&nbsp;87356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16502422 |
| SiriusPoint Ltd. (Bermuda)<sup>(c)</sup><br>| 618598 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4033259 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35376992 |
| &nbsp;&nbsp;&nbsp;Total Common Stocks & Other Equity Interests<br>(Cost $308,725,277) | &nbsp;&nbsp;&nbsp;Total Common Stocks & Other Equity Interests<br>(Cost $308,725,277) | &nbsp;&nbsp;341673271 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Money Market Funds-0.09%** | **Money Market Funds-0.09%** | **Money Market Funds-0.09%** |
| Invesco Government & Agency Portfolio, Institutional Class, 3.73%<sup>(d)(e)</sup><br>(Cost $319,758)<br>| &nbsp;&nbsp;&nbsp;&nbsp;319758 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$319758 |
| TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-99.78%<br>(Cost $309,045,035) | TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-99.78%<br>(Cost $309,045,035) | &nbsp;&nbsp;341993029 |
| **Investments Purchased with Cash Collateral<br> from Securities on Loan** | **Investments Purchased with Cash Collateral<br> from Securities on Loan** | **Investments Purchased with Cash Collateral<br> from Securities on Loan** |
| **Money Market Funds-5.88%** | **Money Market Funds-5.88%** | **Money Market Funds-5.88%** |
| Invesco Private Government Fund, 3.83%<sup>(d)(e)(f)</sup><br>| &nbsp;&nbsp;5643785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5643785 |
| Invesco Private Prime Fund, 4.15%<sup>(d)(e)(f)</sup><br>| 14506159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14509060 |
| &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $20,150,441) | &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $20,150,441) | &nbsp;&nbsp;&nbsp;&nbsp;20152845 |
| TOTAL INVESTMENTS IN SECURITIES-105.66%<br>(Cost $329,195,476) | TOTAL INVESTMENTS IN SECURITIES-105.66%<br>(Cost $329,195,476) | &nbsp;&nbsp;362145874 |
| OTHER ASSETS LESS LIABILITIES-(5.66)% | OTHER ASSETS LESS LIABILITIES-(5.66)% | &nbsp;&nbsp;&nbsp;(19411193) |
| NET ASSETS-100.00% | NET ASSETS-100.00% | $342734681 |

---

---

| | |
|:---|:---|
| Notes to Schedule of Investments: | Notes to Schedule of Investments: |
| <sup>(a)</sup> | Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor's. |
| <sup>(b)</sup> | All or a portion of this security was out on loan at November 30, 2022. |
| <sup>(c)</sup> | Non-income producing security. |
| <sup>(d)</sup> | Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund's transactions in, and earnings from, its investments in affiliates for the three months ended November 30, 2022. |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Value<br> August 31, 2022** | &nbsp;&nbsp;&nbsp;**Purchases<br> at Cost** | &nbsp;&nbsp;&nbsp;**Proceeds<br> from Sales** | &nbsp;&nbsp;&nbsp;**Change in<br> Unrealized<br> Appreciation** | &nbsp;&nbsp;&nbsp;**Realized<br> Gain** | &nbsp;&nbsp;&nbsp;**Value<br> November 30, 2022** | &nbsp;&nbsp;&nbsp;**Dividend<br> Income** |
| &nbsp;&nbsp;**Investments in Affiliated Money Market Funds:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Invesco Government & Agency Portfolio, Institutional Class | &nbsp;&nbsp;&nbsp;$158610 | &nbsp;&nbsp;&nbsp;$1682133 | &nbsp;&nbsp;&nbsp;$(1520985) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;$319758 | &nbsp;&nbsp;&nbsp;&nbsp;$1417 |
| &nbsp;&nbsp;**Investments Purchased with Cash Collateral from Securities on Loan:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Invesco Private Government Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;25064360 | &nbsp;&nbsp;&nbsp;&nbsp;(19420575) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5643785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37,641\* |
| &nbsp;&nbsp;Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;47010767 | &nbsp;&nbsp;&nbsp;&nbsp;(32504974) | &nbsp;&nbsp;&nbsp;&nbsp;2404 | &nbsp;&nbsp;&nbsp;&nbsp;863 | &nbsp;&nbsp;&nbsp;&nbsp;14509060 | &nbsp;&nbsp;&nbsp;&nbsp;101,443\* |
| &nbsp;&nbsp;Total | &nbsp;&nbsp;&nbsp;$158610 | &nbsp;&nbsp;&nbsp;$73757260 | &nbsp;&nbsp;&nbsp;$(53446534) | &nbsp;&nbsp;&nbsp;$2404 | &nbsp;&nbsp;&nbsp;$863 | &nbsp;&nbsp;&nbsp;$20472603 | &nbsp;&nbsp;&nbsp;$140501 |

---

\* Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from borrowers, if any.

See accompanying notes which are an integral part of this schedule.

------

### Invesco KBW Property & Casualty Insurance ETF (KBWP)—(continued)<br>
November 30, 2022

(Unaudited)

<sup>(e)</sup> The rate shown is the 7-day SEC standardized yield as of November 30, 2022. <br> <sup>(f)</sup> The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower's return of the securities loaned.

The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.

See accompanying notes which are an integral part of this schedule.

------

Schedule of Investments<sup>(a)</sup><br>

### Invesco KBW Regional Banking ETF (KBWR)
November 30, 2022

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Common Stocks & Other Equity Interests-99.85%** | **Common Stocks & Other Equity Interests-99.85%** | **Common Stocks & Other Equity Interests-99.85%** |
| **Regional Banks-95.25%** | **Regional Banks-95.25%** | **Regional Banks-95.25%** |
| Ameris Bancorp<br>| &nbsp;&nbsp;34341 | &nbsp;&nbsp;$1815952 |
| Associated Banc-Corp<br>| &nbsp;&nbsp;77628 | &nbsp;&nbsp;&nbsp;&nbsp;1909649 |
| Atlantic Union Bankshares Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;38577 | &nbsp;&nbsp;&nbsp;&nbsp;1376042 |
| Bank of Hawaii Corp.<br>| &nbsp;&nbsp;20546 | &nbsp;&nbsp;&nbsp;&nbsp;1657446 |
| Bank OZK<sup>(b)</sup><br>| &nbsp;&nbsp;39554 | &nbsp;&nbsp;&nbsp;&nbsp;1825417 |
| BankUnited, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;40238 | &nbsp;&nbsp;&nbsp;&nbsp;1477539 |
| BOK Financial Corp.<br>| &nbsp;&nbsp;18040 | &nbsp;&nbsp;&nbsp;&nbsp;1888968 |
| Brookline Bancorp, Inc.<br>| &nbsp;&nbsp;39622 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;563425 |
| Cadence Bank<sup>(b)</sup><br>| &nbsp;&nbsp;62914 | &nbsp;&nbsp;&nbsp;&nbsp;1814440 |
| Cathay General Bancorp<br>| &nbsp;&nbsp;38227 | &nbsp;&nbsp;&nbsp;&nbsp;1776409 |
| Columbia Banking System, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;40607 | &nbsp;&nbsp;&nbsp;&nbsp;1383074 |
| Commerce Bancshares, Inc.<br>| &nbsp;&nbsp;46623 | &nbsp;&nbsp;&nbsp;&nbsp;3492995 |
| Community Bank System, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;24520 | &nbsp;&nbsp;&nbsp;&nbsp;1597233 |
| Cullen/Frost Bankers, Inc.<br>| &nbsp;&nbsp;24674 | &nbsp;&nbsp;&nbsp;&nbsp;3579457 |
| CVB Financial Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;61100 | &nbsp;&nbsp;&nbsp;&nbsp;1752348 |
| Eastern Bankshares, Inc.<br>| &nbsp;&nbsp;82644 | &nbsp;&nbsp;&nbsp;&nbsp;1620649 |
| F.N.B. Corp.<br>| 134507 | &nbsp;&nbsp;&nbsp;&nbsp;1896549 |
| First Bancorp<br>| &nbsp;&nbsp;97058 | &nbsp;&nbsp;&nbsp;&nbsp;1492752 |
| First Commonwealth Financial Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;48219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;709784 |
| First Financial Bancorp<br>| &nbsp;&nbsp;49007 | &nbsp;&nbsp;&nbsp;&nbsp;1295255 |
| First Financial Bankshares, Inc.<br>| &nbsp;&nbsp;37714 | &nbsp;&nbsp;&nbsp;&nbsp;1393532 |
| First Hawaiian, Inc.<br>| &nbsp;&nbsp;62354 | &nbsp;&nbsp;&nbsp;&nbsp;1655499 |
| First Interstate BancSystem, Inc., Class A<br>| &nbsp;&nbsp;39821 | &nbsp;&nbsp;&nbsp;&nbsp;1736992 |
| Fulton Financial Corp.<br>| &nbsp;&nbsp;86430 | &nbsp;&nbsp;&nbsp;&nbsp;1606734 |
| Glacier Bancorp, Inc.<br>| &nbsp;&nbsp;31638 | &nbsp;&nbsp;&nbsp;&nbsp;1831840 |
| Hancock Whitney Corp.<br>| &nbsp;&nbsp;33244 | &nbsp;&nbsp;&nbsp;&nbsp;1823101 |
| Home BancShares, Inc.<br>| &nbsp;&nbsp;68149 | &nbsp;&nbsp;&nbsp;&nbsp;1734392 |
| Hope Bancorp, Inc.<br>| &nbsp;&nbsp;61676 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;840027 |
| Independent Bank Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;20496 | &nbsp;&nbsp;&nbsp;&nbsp;1855298 |
| Old National Bancorp<br>| &nbsp;&nbsp;96041 | &nbsp;&nbsp;&nbsp;&nbsp;1835344 |
| Pacific Premier Bancorp, Inc.<br>| &nbsp;&nbsp;48933 | &nbsp;&nbsp;&nbsp;&nbsp;1808074 |
| PacWest Bancorp<br>| &nbsp;&nbsp;60815 | &nbsp;&nbsp;&nbsp;&nbsp;1588488 |
| Pinnacle Financial Partners, Inc.<br>| &nbsp;&nbsp;30245 | &nbsp;&nbsp;&nbsp;&nbsp;2537253 |
| Popular, Inc.<br>| &nbsp;&nbsp;20759 | &nbsp;&nbsp;&nbsp;&nbsp;1515822 |
| Prosperity Bancshares, Inc.<br>| &nbsp;&nbsp;36102 | &nbsp;&nbsp;&nbsp;&nbsp;2728228 |
| Simmons First National Corp., Class A<br>| &nbsp;&nbsp;66264 | &nbsp;&nbsp;&nbsp;&nbsp;1537987 |
| South State Corp.<br>| &nbsp;&nbsp;20546 | &nbsp;&nbsp;&nbsp;&nbsp;1804966 |
| Synovus Financial Corp.<br>| &nbsp;&nbsp;39925 | &nbsp;&nbsp;&nbsp;&nbsp;1682040 |
| Texas Capital Bancshares, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;25757 | &nbsp;&nbsp;&nbsp;&nbsp;1545162 |
| Trustmark Corp.<br>| &nbsp;&nbsp;31609 | &nbsp;&nbsp;&nbsp;&nbsp;1156257 |
| UMB Financial Corp.<br>| &nbsp;&nbsp;17920 | &nbsp;&nbsp;&nbsp;&nbsp;1532518 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Regional Banks-(continued)** | **Regional Banks-(continued)** | **Regional Banks-(continued)** |
| United Bankshares, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;43215 | &nbsp;&nbsp;&nbsp;$1853491 |
| United Community Banks, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;47811 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1863195 |
| Valley National Bancorp<br>| &nbsp;&nbsp;&nbsp;137972 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1746726 |
| Washington Federal, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;33739 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1189975 |
| Webster Financial Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;68153 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3703434 |
| Wintrust Financial Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;19013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1738359 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82770117 |
| **Thrifts & Mortgage Finance-4.60%** | **Thrifts & Mortgage Finance-4.60%** | **Thrifts & Mortgage Finance-4.60%** |
| New York Community Bancorp, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;163795 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1531483 |
| Provident Financial Services, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;38894 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;876282 |
| WSFS Financial Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;32795 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1590886 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3998651 |
| &nbsp;&nbsp;&nbsp;Total Common Stocks & Other Equity Interests<br>(Cost $86,389,520) | &nbsp;&nbsp;&nbsp;Total Common Stocks & Other Equity Interests<br>(Cost $86,389,520) | &nbsp;&nbsp;&nbsp;86768768 |
| **Money Market Funds-0.00%** | **Money Market Funds-0.00%** | **Money Market Funds-0.00%** |
| Invesco Government & Agency Portfolio, Institutional Class, 3.73%<sup>(d)(e)</sup><br>(Cost $2,049)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2049 |
| TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-99.85%<br>(Cost $86,391,569) | TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-99.85%<br>(Cost $86,391,569) | &nbsp;&nbsp;&nbsp;86770817 |
| **Investments Purchased with Cash Collateral<br> from Securities on Loan** | **Investments Purchased with Cash Collateral<br> from Securities on Loan** | **Investments Purchased with Cash Collateral<br> from Securities on Loan** |
| **Money Market Funds-12.20%** | **Money Market Funds-12.20%** | **Money Market Funds-12.20%** |
| Invesco Private Government Fund, 3.83%<sup>(d)(e)(f)</sup><br>| 2967846 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2967846 |
| Invesco Private Prime Fund, 4.15%<sup>(d)(e)(f)</sup><br>| 7628074 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7629599 |
| &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $10,596,015) | &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $10,596,015) | &nbsp;&nbsp;&nbsp;10597445 |
| TOTAL INVESTMENTS IN SECURITIES-112.05%<br>(Cost $96,987,584) | TOTAL INVESTMENTS IN SECURITIES-112.05%<br>(Cost $96,987,584) | &nbsp;&nbsp;&nbsp;97368262 |
| OTHER ASSETS LESS LIABILITIES-(12.05)% | OTHER ASSETS LESS LIABILITIES-(12.05)% | &nbsp;&nbsp;(10471185) |
| NET ASSETS-100.00% | NET ASSETS-100.00% | $86897077 |

---

---

| | |
|:---|:---|
| Notes to Schedule of Investments: | Notes to Schedule of Investments: |
| <sup>(a)</sup> | Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor's. |
| <sup>(b)</sup> | All or a portion of this security was out on loan at November 30, 2022. |
| <sup>(c)</sup> | Non-income producing security. |
| <sup>(d)</sup> | Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund's transactions in, and earnings from, its investments in affiliates for the three months ended November 30, 2022. |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Value<br> August 31, 2022** | &nbsp;&nbsp;&nbsp;**Purchases<br> at Cost** | &nbsp;&nbsp;&nbsp;**Proceeds<br> from Sales** | &nbsp;&nbsp;&nbsp;**Change in<br> Unrealized<br> Appreciation** | &nbsp;&nbsp;&nbsp;**Realized<br> Gain<br> (Loss)** | &nbsp;&nbsp;&nbsp;**Value<br> November 30, 2022** | &nbsp;&nbsp;&nbsp;**Dividend<br> Income** |
| &nbsp;&nbsp;**Investments in Affiliated Money Market Funds:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Invesco Government & Agency Portfolio, Institutional Class | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$15014 | &nbsp;&nbsp;&nbsp;&nbsp;$695362 | &nbsp;&nbsp;&nbsp;&nbsp;$(708327) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$392 |

---

See accompanying notes which are an integral part of this schedule.

------

### Invesco KBW Regional Banking ETF (KBWR)—(continued)<br>
November 30, 2022

(Unaudited)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Value<br> August 31, 2022** | &nbsp;&nbsp;&nbsp;**Purchases<br> at Cost** | &nbsp;&nbsp;&nbsp;**Proceeds<br> from Sales** | &nbsp;&nbsp;&nbsp;**Change in<br> Unrealized<br> Appreciation** | &nbsp;&nbsp;&nbsp;**Realized<br> Gain<br> (Loss)** | &nbsp;&nbsp;&nbsp;**Value<br> November 30, 2022** | &nbsp;&nbsp;&nbsp;**Dividend<br> Income** |
| &nbsp;&nbsp;**Investments Purchased with Cash Collateral from Securities on Loan:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Invesco Private Government Fund | &nbsp;&nbsp;&nbsp;$3369206 | &nbsp;&nbsp;&nbsp;$10129227 | &nbsp;&nbsp;&nbsp;$(10530587) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$2967846 | &nbsp;&nbsp;&nbsp;$29,645\* |
| &nbsp;&nbsp;Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8663673 | &nbsp;&nbsp;&nbsp;&nbsp;23375535 | &nbsp;&nbsp;&nbsp;&nbsp;(24410303) | &nbsp;&nbsp;&nbsp;&nbsp;1067 | &nbsp;&nbsp;&nbsp;&nbsp;(373) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7629599 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79,571\* |
| &nbsp;&nbsp;Total | &nbsp;&nbsp;&nbsp;$12047893 | &nbsp;&nbsp;&nbsp;$34200124 | &nbsp;&nbsp;&nbsp;$(35649217) | &nbsp;&nbsp;&nbsp;$1067 | &nbsp;&nbsp;&nbsp;$(373) | &nbsp;&nbsp;&nbsp;$10599494 | &nbsp;&nbsp;&nbsp;$109608 |

---

\* Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from borrowers, if any.

<sup>(e)</sup> The rate shown is the 7-day SEC standardized yield as of November 30, 2022. <br> <sup>(f)</sup> The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower's return of the securities loaned.

The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.

See accompanying notes which are an integral part of this schedule.

------

### Notes to Quarterly Schedules of Portfolio Holdings
November 30, 2022

(Unaudited)

#### NOTE 1—Additional Valuation Information
Generally Accepted Accounting Principles ("GAAP") defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment's assigned level:

Level 1 — Prices are determined using quoted prices in an active market for identical assets.

Level 2 — Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others.

Level 3 — Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect Invesco Capital Management LLC's assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.

The following is a summary of the tiered valuation input levels, as of November 30, 2022. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;&nbsp;**Level 2** | &nbsp;&nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;&nbsp;**Total** |
| &nbsp;&nbsp;Invesco KBW Bank ETF |  |  |  |  |
| &nbsp;&nbsp;**Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp;$2182962103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$2182962103 |
| &nbsp;&nbsp;&nbsp;Money Market Funds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4716206 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4716206 |
| &nbsp;&nbsp;&nbsp;**Total Investments** | &nbsp;&nbsp;&nbsp;$2182962103 | &nbsp;&nbsp;&nbsp;&nbsp;$4716206 | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$2187678309 |
| &nbsp;&nbsp;Invesco KBW High Dividend Yield Financial ETF |  |  |  |  |
| &nbsp;&nbsp;**Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp;$301700747 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$301700747 |
| &nbsp;&nbsp;&nbsp;Closed-End Funds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76786083 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76786083 |
| &nbsp;&nbsp;&nbsp;Money Market Funds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;115667645 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115667645 |
| &nbsp;&nbsp;&nbsp;**Total Investments** | &nbsp;&nbsp;&nbsp;$378486830 | &nbsp;&nbsp;&nbsp;$115667645 | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$494154475 |
| &nbsp;&nbsp;Invesco KBW Premium Yield Equity REIT ETF |  |  |  |  |
| &nbsp;&nbsp;**Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp;$264600962 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$264600962 |
| &nbsp;&nbsp;&nbsp;Money Market Funds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31571422 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31571422 |
| &nbsp;&nbsp;&nbsp;**Total Investments** | &nbsp;&nbsp;&nbsp;$264600962 | &nbsp;&nbsp;&nbsp;$31571422 | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$296172384 |
| &nbsp;&nbsp;Invesco KBW Property & Casualty Insurance ETF |  |  |  |  |
| &nbsp;&nbsp;**Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp;$341673271 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$341673271 |
| &nbsp;&nbsp;&nbsp;Money Market Funds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;319758 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20152845 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20472603 |
| &nbsp;&nbsp;&nbsp;**Total Investments** | &nbsp;&nbsp;&nbsp;$341993029 | &nbsp;&nbsp;&nbsp;$20152845 | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$362145874 |
| &nbsp;&nbsp;Invesco KBW Regional Banking ETF |  |  |  |  |
| &nbsp;&nbsp;**Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp;&nbsp;$86768768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;$86768768 |
| &nbsp;&nbsp;&nbsp;Money Market Funds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10597445 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10599494 |
| &nbsp;&nbsp;&nbsp;**Total Investments** | &nbsp;&nbsp;&nbsp;&nbsp;$86770817 | &nbsp;&nbsp;&nbsp;$10597445 | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;$97368262 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Invesco Exchange-Traded Fund Trust II

- **b. Investment Company Act file number:** 811-21977

- **c. CIK number of Registrant:** 0001378872

- **d. LEI of Registrant:** O540V2L4S174Y60FMD36

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 3500 Lacey Road

  - **City:** Downers Grove

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60515

  - **Telephone number:** 800-983-0903

**Item A.2. Information about the Series.**

- **a. Name of Series:** Invesco KBW Premium Yield Equity REIT ETF

- **b. EDGAR series identifier (if any):** S000030362

- **c. LEI of Series:** 5493000J8NL35GW98S42

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-08-31

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $296445360.77

**Total Liabilities:** $31644704.06

**Net Assets:** $264800656.71

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000093358 | -13.69%              | 8.86%                | 3.89%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-12028090.85            | $-28454712.11                              |
| Month 2  | $-200792.95              | $23118574.84                               |
| Month 3  | $312701.04               | $8931887.68                                |

### Schedule of Portfolio Investments

| Name                                  | Title                                 | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Urstadt Biddle Properties Inc.        | Urstadt Biddle Properties Inc.        | CUSIP: 917286205<br>LEI: 549300XXD0YL0AER3Z82 | Long             | EC               | CORP              | US        |    548241 | NS      | $10487850.33  | 3.96%             |  |  |  | No            |                  1 | On Loan: —       |
| EPR Properties                        | EPR Properties                        | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               | CORP              | US        |    252769 | NS      | $10517718.09  | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Spirit Realty Capital, Inc.           | Spirit Realty Capital, Inc.           | CUSIP: 84860W300<br>LEI: 549300LTU6LVPZSHMJ25 | Long             | EC               | CORP              | US        |    256394 | NS      | $10619839.48  | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Office Properties Income Trust        | Office Properties Income Trust        | CUSIP: 67623C109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1098436 | NS      | $16795086.44  | 6.34%             |  |  |  | No            |                  1 | On Loan: —       |
| Gaming and Leisure Properties, Inc.   | Gaming and Leisure Properties, Inc.   | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |    195260 | NS      | $10272628.60  | 3.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Gladstone Commercial Corp.            | Gladstone Commercial Corp.            | CUSIP: 376536108<br>LEI: 529900EVVV534W8R0T32 | Long             | EC               | CORP              | US        |    576450 | NS      | $10946785.50  | 4.13%             |  |  |  | No            |                  1 | On Loan: —       |
| National Health Investors, Inc.       | National Health Investors, Inc.       | CUSIP: 63633D104<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | EC               | CORP              | US        |    135333 | NS      | $7613834.58   | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Industrial Logistics Properties Trust | Industrial Logistics Properties Trust | CUSIP: 456237106<br>LEI: 5493004XH9PJW009HR47 | Long             | EC               | CORP              | US        |    115022 | NS      | $468139.54    | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| Necessity Retail REIT, Inc. (The)     | Necessity Retail REIT, Inc. (The)     | CUSIP: 02607T109<br>LEI: 549300GN4H0K3IUS8983 | Long             | EC               | CORP              | US        |   2354173 | NS      | $15725875.64  | 5.94%             |  |  |  | No            |                  1 | On Loan: —       |
| Omega Healthcare Investors, Inc.      | Omega Healthcare Investors, Inc.      | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               | CORP              | US        |    336587 | NS      | $10191854.36  | 3.85%             |  |  |  | No            |                  1 | On Loan: —       |
| INVESCO PRIVATE GOVERNMENT FUND       | INVESCO PRIVATE GOVERNMENT FUND       | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |   8841787 | NS      | $8841786.59   | 3.34%             |  |  |  | No            |                  2 | On Loan: No      |
| LXP Industrial Trust                  | LXP Industrial Trust                  | CUSIP: 529043101<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               | CORP              | US        |    765190 | NS      | $8233444.40   | 3.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Four Corners Property Trust, Inc.     | Four Corners Property Trust, Inc.     | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               | CORP              | US        |    296752 | NS      | $8053849.28   | 3.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Global Net Lease, Inc.                | Global Net Lease, Inc.                | CUSIP: 379378201<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EC               | CORP              | US        |   1300621 | NS      | $17597402.13  | 6.65%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO PRIVATE PRIME FUND            | INVESCO PRIVATE PRIME FUND            | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |  22725091 | NS      | $22729635.32  | 8.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Sabra Health Care REIT, Inc.          | Sabra Health Care REIT, Inc.          | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |    734331 | NS      | $9480213.21   | 3.58%             |  |  |  | No            |                  1 | On Loan: —       |
| UMH Properties, Inc.                  | UMH Properties, Inc.                  | CUSIP: 903002103<br>LEI: 529900OM5K3PJ11F0Q09 | Long             | EC               | CORP              | US        |    396588 | NS      | $6983914.68   | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| SL Green Realty Corp.                 | SL Green Realty Corp.                 | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               | CORP              | US        |    294647 | NS      | $12363388.12  | 4.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Easterly Government Properties, Inc.  | Easterly Government Properties, Inc.  | CUSIP: 27616P103<br>LEI: 549300ERMCEFC6S8HL77 | Long             | EC               | CORP              | US        |    530761 | NS      | $8407254.24   | 3.17%             |  |  |  | No            |                  1 | On Loan: —       |
| LTC Properties, Inc.                  | LTC Properties, Inc.                  | CUSIP: 502175102<br>LEI: 549300NRZP8IJG2KY677 | Long             | EC               | CORP              | US        |    182541 | NS      | $7172035.89   | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Brandywine Realty Trust               | Brandywine Realty Trust               | CUSIP: 105368203<br>LEI: 5UZ46ZCYUFYYAC0DS831 | Long             | EC               | CORP              | US        |   1816684 | NS      | $12553286.44  | 4.74%             |  |  |  | No            |                  1 | On Loan: No      |
| National Retail Properties, Inc.      | National Retail Properties, Inc.      | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |    176058 | NS      | $8162048.88   | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Getty Realty Corp.                    | Getty Realty Corp.                    | CUSIP: 374297109<br>LEI: 2549000P1W5SFJWCNP90 | Long             | EC               | CORP              | US        |    292421 | NS      | $9655741.42   | 3.65%             |  |  |  | No            |                  1 | On Loan: —       |
| Armada Hoffler Properties, Inc.       | Armada Hoffler Properties, Inc.       | CUSIP: 04208T108<br>LEI: 549300WQRSIV6XZT9313 | Long             | EC               | CORP              | US        |    711226 | NS      | $8641395.90   | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Medical Properties Trust, Inc.        | Medical Properties Trust, Inc.        | CUSIP: 58463J304<br>LEI: 254900U6E39J1MQCCY14 | Long             | EC               | CORP              | US        |    752425 | NS      | $9871816.00   | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial, Inc.                 | STAG Industrial, Inc.                 | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |    248299 | NS      | $8171520.09   | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| STORE Capital Corp.                   | STORE Capital Corp.                   | CUSIP: 862121100<br>LEI: 5493004EA6C9IHDZ7N66 | Long             | EC               | CORP              | US        |    341316 | NS      | $10887980.40  | 4.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CareTrust REIT, Inc.                  | CareTrust REIT, Inc.                  | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |    382495 | NS      | $7573401.00   | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Plymouth Industrial REIT, Inc.        | Plymouth Industrial REIT, Inc.        | CUSIP: 729640102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    345539 | NS      | $7152657.30   | 2.70%             |  |  |  | No            |                  1 | On Loan: —       |

### Signature

**Date Signed:** 2022-12-30

**Name of Applicant:** Invesco Exchange-Traded Fund Trust II

**Signature:** Sheri Morris

**Name of Signer:** Sheri Morris

**Title:** Vice President