# EDGAR Filing Document

**Accession Number:** 0001209466
**File Stem:** 0001752724-23-075837
**Filing Date:** 2023-3
**Character Count:** 281876
**Document Hash:** 111788b72f24ea49feac79f9922e8743
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-075837.hdr.sgml**: 20230331

**ACCESSION NUMBER**: 0001752724-23-075837

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230331

**DATE AS OF CHANGE**: 20230331

**PERIOD START**: 20230430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** INVESCO EXCHANGE-TRADED FUND TRUST
- **CENTRAL INDEX KEY:** 0001209466
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21265
- **FILM NUMBER:** 23785595

**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
- **DATE OF NAME CHANGE:** 20021210

## Series and Classes Contracts Data

### Invesco S&P Spin-Off ETF (Series ID: S000060807)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000197623 | Invesco S&P Spin-Off ETF | CSD             |

## Nport-Ex

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

### Invesco Aerospace & Defense ETF (PPA)
January 31, 2023

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Common Stocks & Other Equity Interests-99.99%** | **Common Stocks & Other Equity Interests-99.99%** | **Common Stocks & Other Equity Interests-99.99%** |
| **Aerospace & Defense-71.32%** | **Aerospace & Defense-71.32%** | **Aerospace & Defense-71.32%** |
| AAR Corp.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;166839 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8582198 |
| Aerojet Rocketdyne Holdings, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;363800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20343696 |
| AeroVironment, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;119628 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10643303 |
| Axon Enterprise, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;307638 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60124771 |
| Boeing Co. (The)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;619402 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131932626 |
| BWX Technologies, Inc.<br>| &nbsp;&nbsp;&nbsp;350176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21311711 |
| CAE, Inc. (Canada)<sup>(b)(c)</sup><br>| 1445122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32659757 |
| Curtiss-Wright Corp.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;120224 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19933139 |
| Ducommun, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;54103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3126071 |
| Elbit Systems Ltd. (Israel)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;204543 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34604585 |
| General Dynamics Corp.<br>| &nbsp;&nbsp;&nbsp;448674 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104567962 |
| HEICO Corp.<br>| &nbsp;&nbsp;&nbsp;213939 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36572872 |
| Hexcel Corp.<br>| &nbsp;&nbsp;&nbsp;344221 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24295118 |
| Howmet Aerospace, Inc.<br>| 1239398 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50431105 |
| Huntington Ingalls Industries, Inc.<br>| &nbsp;&nbsp;&nbsp;163193 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35990584 |
| Kaman Corp.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;101248 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2553475 |
| Kratos Defense & Security Solutions, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;598952 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6858000 |
| L3Harris Technologies, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;388437 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83444036 |
| Leonardo DRS, Inc.<sup>(b)</sup><br>| 1138282 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15196065 |
| Lockheed Martin Corp.<br>| &nbsp;&nbsp;&nbsp;248949 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115328114 |
| Maxar Technologies, Inc.<br>| &nbsp;&nbsp;&nbsp;354561 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18320167 |
| Mercury Systems, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;275727 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13782214 |
| Moog, Inc., Class A<br>| &nbsp;&nbsp;&nbsp;&nbsp;94200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8979144 |
| Northrop Grumman Corp.<br>| &nbsp;&nbsp;&nbsp;225313 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100949236 |
| Parsons Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;269101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11711276 |
| Raytheon Technologies Corp.<br>| 1216966 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121514055 |
| Spirit AeroSystems Holdings, Inc., Class A<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;500513 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18093545 |
| Textron, Inc.<br>| &nbsp;&nbsp;&nbsp;713775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51998509 |
| TransDigm Group, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;80048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57454452 |
| Triumph Group, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;302917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3450225 |
| V2X, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;118807 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5246517 |
| Woodward, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;181164 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18525831 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1248524359 |
| **Communications Equipment-0.49%** | **Communications Equipment-0.49%** | **Communications Equipment-0.49%** |
| Comtech Telecommunications Corp.<br>| &nbsp;&nbsp;&nbsp;132086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2094884 |
| Viasat, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;188047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6478219 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8573103 |
| **Containers & Packaging-0.60%** | **Containers & Packaging-0.60%** | **Containers & Packaging-0.60%** |
| Ball Corp.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;180271 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10498983 |
| **Diversified Telecommunication Services-0.48%** | **Diversified Telecommunication Services-0.48%** | **Diversified Telecommunication Services-0.48%** |
| Iridium Communications, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;141493 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8466941 |
| **Electronic Equipment, Instruments & Components-2.98%** | **Electronic Equipment, Instruments & Components-2.98%** | **Electronic Equipment, Instruments & Components-2.98%** |
| Keysight Technologies, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;93528 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16774247 |
| OSI Systems, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;50292 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4763155 |
| Teledyne Technologies, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;64641 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27424591 |
| TTM Technologies, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;203720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3202478 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52164471 |
| **Industrial Conglomerates-9.39%** | **Industrial Conglomerates-9.39%** | **Industrial Conglomerates-9.39%** |
| General Electric Co.<br>| &nbsp;&nbsp;&nbsp;833983 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67118952 |
| Honeywell International, Inc.<br>| &nbsp;&nbsp;&nbsp;466623 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97281563 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164400515 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Machinery-3.28%** | **Machinery-3.28%** | **Machinery-3.28%** |
| Oshkosh Corp.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;115239 | &nbsp;&nbsp;&nbsp;&nbsp;$11613787 |
| Parker-Hannifin Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;140427 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45779202 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57392989 |
| **Metals & Mining-0.83%** | **Metals & Mining-0.83%** | **Metals & Mining-0.83%** |
| ATI, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;398254 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14492463 |
| **Professional Services-9.94%** | **Professional Services-9.94%** | **Professional Services-9.94%** |
| Booz Allen Hamilton Holding Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;477850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45223724 |
| CACI International, Inc., Class A<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24098492 |
| Jacobs Solutions, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;150177 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18554368 |
| KBR, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;518786 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26577407 |
| Leidos Holdings, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;415616 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41079486 |
| Planet Labs PBC<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;419217 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2075124 |
| Science Applications International Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;158585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16457951 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;174066552 |
| **Software-0.68%** | **Software-0.68%** | **Software-0.68%** |
| Palantir Technologies, Inc., Class A<sup>(b)(c)</sup><br>| &nbsp;&nbsp;1374361 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10692529 |
| Telos Corp.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;236519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1147117 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11839646 |
| &nbsp;&nbsp;&nbsp;Total Common Stocks & Other Equity Interests<br>(Cost $1,628,286,579) | &nbsp;&nbsp;&nbsp;Total Common Stocks & Other Equity Interests<br>(Cost $1,628,286,579) | &nbsp;&nbsp;1750420022 |
| **Money Market Funds-0.06%** | **Money Market Funds-0.06%** | **Money Market Funds-0.06%** |
| Invesco Government & Agency Portfolio, Institutional Class, 4.30%<sup>(d)(e)</sup><br>(Cost $995,366)<br>| &nbsp;&nbsp;&nbsp;&nbsp;995366 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;995366 |
| TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-100.05%<br>(Cost $1,629,281,945) | TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-100.05%<br>(Cost $1,629,281,945) | &nbsp;&nbsp;1751415388 |
| **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-4.26%** | **Money Market Funds-4.26%** | **Money Market Funds-4.26%** |
| Invesco Private Government Fund, 4.36%<sup>(d)(e)(f)</sup><br>| 20896833 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20896833 |
| Invesco Private Prime Fund, 4.59%<sup>(d)(e)(f)</sup><br>| 53730897 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53747016 |
| &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $74,644,810) | &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $74,644,810) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74643849 |
| TOTAL INVESTMENTS IN SECURITIES-104.31%<br>(Cost $1,703,926,755) | TOTAL INVESTMENTS IN SECURITIES-104.31%<br>(Cost $1,703,926,755) | &nbsp;&nbsp;1826059237 |
| OTHER ASSETS LESS LIABILITIES-(4.31)% | OTHER ASSETS LESS LIABILITIES-(4.31)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(75466837) |
| NET ASSETS-100.00% | NET ASSETS-100.00% | $1750592400 |

---

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

------

### Invesco Aerospace & Defense ETF (PPA)—(continued)<br>
January 31, 2023

(Unaudited)

---

| | |
|:---|:---|
| 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> | Non-income producing security. |
| <sup>(c)</sup> | All or a portion of this security was out on loan at January 31, 2023. |
| <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 nine months ended January 31, 2023. |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Value<br> April 30, 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> January 31, 2023** | &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;$337190 | &nbsp;&nbsp;&nbsp;$19811875 | &nbsp;&nbsp;&nbsp;$(19153699) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;$995366 | &nbsp;&nbsp;&nbsp;&nbsp;$12641 |
| &nbsp;&nbsp;**Investments Purchased with Cash Collateral from Securities on Loan:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Invesco Private Government Fund | &nbsp;&nbsp;&nbsp;&nbsp;25045121 | &nbsp;&nbsp;&nbsp;&nbsp;281564284 | &nbsp;&nbsp;&nbsp;&nbsp;(285712572) | &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;20896833 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;560,418\* |
| &nbsp;&nbsp;Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp;&nbsp;59781622 | &nbsp;&nbsp;&nbsp;&nbsp;586973641 | &nbsp;&nbsp;&nbsp;&nbsp;(593048183) | &nbsp;&nbsp;&nbsp;&nbsp;(3242) | &nbsp;&nbsp;&nbsp;&nbsp;43178 | &nbsp;&nbsp;&nbsp;&nbsp;53747016 | &nbsp;&nbsp;&nbsp;&nbsp;1,554,639\* |
| &nbsp;&nbsp;Total | &nbsp;&nbsp;&nbsp;$85163933 | &nbsp;&nbsp;&nbsp;$888349800 | &nbsp;&nbsp;&nbsp;$(897914454) | &nbsp;&nbsp;&nbsp;$(3242) | &nbsp;&nbsp;&nbsp;$43178 | &nbsp;&nbsp;&nbsp;$75639215 | &nbsp;&nbsp;&nbsp;$2127698 |

---

\* 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 January 31, 2023. <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 DWA Momentum ETF (PDP)
January 31, 2023

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Common Stocks & Other Equity Interests-99.91%** | **Common Stocks & Other Equity Interests-99.91%** | **Common Stocks & Other Equity Interests-99.91%** |
| **Communication Services-0.77%** | **Communication Services-0.77%** | **Communication Services-0.77%** |
| T-Mobile US, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;55511 | &nbsp;&nbsp;&nbsp;&nbsp;$8288347 |
| **Consumer Discretionary-11.72%** | **Consumer Discretionary-11.72%** | **Consumer Discretionary-11.72%** |
| AutoNation, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;52982 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6713879 |
| Chipotle Mexican Grill, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;4916 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8093604 |
| Darden Restaurants, Inc.<br>| &nbsp;&nbsp;38158 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5646239 |
| H&R Block, Inc.<sup>(c)</sup><br>| 134395 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5238717 |
| Home Depot, Inc. (The)<br>| &nbsp;&nbsp;31074 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10073259 |
| MGM Resorts International<br>| 167380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6931206 |
| NVR, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1821 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9596670 |
| O'Reilly Automotive, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;35253 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27932715 |
| Penske Automotive Group, Inc.<br>| &nbsp;&nbsp;52198 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6671948 |
| Service Corp. International<sup>(c)</sup><br>| 206683 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15325544 |
| Tempur Sealy International, Inc.<sup>(c)</sup><br>| 185592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7562874 |
| TJX Cos., Inc. (The)<br>| 129249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10580323 |
| Tractor Supply Co.<br>| &nbsp;&nbsp;25609 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5838596 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;126205574 |
| **Consumer Staples-3.79%** | **Consumer Staples-3.79%** | **Consumer Staples-3.79%** |
| BJ's Wholesale Club Holdings, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;82193 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5956527 |
| Celsius Holdings, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;53355 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5352574 |
| Costco Wholesale Corp.<br>| &nbsp;&nbsp;24332 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12437058 |
| Estee Lauder Cos., Inc. (The), Class A<br>| &nbsp;&nbsp;38400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10639872 |
| Performance Food Group Co.<sup>(b)</sup><br>| 105193 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6450435 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40836466 |
| **Energy-7.50%** | **Energy-7.50%** | **Energy-7.50%** |
| Antero Midstream Corp.<sup>(c)</sup><br>| 571850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6233165 |
| Chord Energy Corp.<br>| &nbsp;&nbsp;60109 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8615423 |
| Exxon Mobil Corp.<br>| &nbsp;&nbsp;53635 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6222196 |
| Helmerich & Payne, Inc.<br>| 119987 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5812170 |
| Hess Corp.<br>| &nbsp;&nbsp;46033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6912315 |
| Marathon Petroleum Corp.<br>| &nbsp;&nbsp;66659 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8567015 |
| Occidental Petroleum Corp.<br>| &nbsp;&nbsp;99469 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6444597 |
| ONEOK, Inc.<br>| &nbsp;&nbsp;84615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5794435 |
| Targa Resources Corp.<br>| 240690 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18056564 |
| Texas Pacific Land Corp.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;4069 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8121114 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80778994 |
| **Financials-7.01%** | **Financials-7.01%** | **Financials-7.01%** |
| Aon PLC, Class A<br>| &nbsp;&nbsp;29328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9346247 |
| Arthur J. Gallagher & Co.<sup>(c)</sup><br>| &nbsp;&nbsp;30203 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5911331 |
| Globe Life, Inc.<br>| &nbsp;&nbsp;46815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5657593 |
| Marsh & McLennan Cos., Inc.<br>| &nbsp;&nbsp;32804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5737748 |
| MSCI, Inc.<br>| &nbsp;&nbsp;34918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18561012 |
| Nasdaq, Inc.<br>| &nbsp;&nbsp;92366 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5559509 |
| W.R. Berkley Corp.<br>| 351821 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24676725 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75450165 |
| **Health Care-12.10%** | **Health Care-12.10%** | **Health Care-12.10%** |
| Acadia Healthcare Co., Inc.<sup>(b)</sup><br>| 102856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8641961 |
| Chemed Corp.<br>| &nbsp;&nbsp;13033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6583490 |
| Danaher Corp.<br>| &nbsp;&nbsp;85012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22475473 |
| Eli Lilly and Co.<br>| &nbsp;&nbsp;17896 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6158908 |
| Halozyme Therapeutics, Inc.<sup>(b)</sup><br>| 100449 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5200245 |
| IDEXX Laboratories, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;32765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15743582 |
| Intuitive Surgical, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;23138 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5684775 |
| Medpace Holdings, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;57827 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12783815 |
| Mettler-Toledo International, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;14806 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22696413 |
| Thermo Fisher Scientific, Inc.<br>| &nbsp;&nbsp;12741 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7266575 |
| United Therapeutics Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;20433 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5377353 |
| UnitedHealth Group, Inc.<br>| &nbsp;&nbsp;23338 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11650096 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;130262686 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Industrials-24.97%** | **Industrials-24.97%** | **Industrials-24.97%** |
| AMETEK, Inc.<br>| &nbsp;&nbsp;39336 | &nbsp;&nbsp;&nbsp;&nbsp;$5700573 |
| Booz Allen Hamilton Holding Corp.<br>| &nbsp;&nbsp;79376 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7512145 |
| Builders FirstSource, Inc.<sup>(b)</sup><br>| 108622 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8657173 |
| Cintas Corp.<br>| &nbsp;&nbsp;25803 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11449823 |
| Copart, Inc.<sup>(b)</sup><br>| 398651 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26554143 |
| CoStar Group, Inc.<sup>(b)</sup><br>| 178879 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13934674 |
| Deere & Co.<br>| &nbsp;&nbsp;14010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5923988 |
| Equifax, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;33516 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7447255 |
| Evoqua Water Technologies Corp.<sup>(b)</sup><br>| 152696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7407283 |
| Howmet Aerospace, Inc.<br>| 140071 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5699489 |
| IDEX Corp.<br>| &nbsp;&nbsp;66378 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15909479 |
| Illinois Tool Works, Inc.<br>| &nbsp;&nbsp;26510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6257420 |
| Old Dominion Freight Line, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;68559 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22846601 |
| Quanta Services, Inc.<br>| &nbsp;&nbsp;51981 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7910988 |
| Rollins, Inc.<br>| 719703 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26197189 |
| Snap-on, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;30716 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7639991 |
| Tetra Tech, Inc.<br>| &nbsp;&nbsp;40504 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6299182 |
| Trane Technologies PLC<br>| &nbsp;&nbsp;62547 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11203419 |
| TransDigm Group, Inc.<br>| &nbsp;&nbsp;29310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21037253 |
| United Rentals, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;16788 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7402669 |
| W.W. Grainger, Inc.<br>| &nbsp;&nbsp;27583 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16259627 |
| WESCO International, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;78845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11748694 |
| WillScot Mobile Mini Holdings Corp.<sup>(b)</sup><br>| 160408 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7773372 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;268772430 |
| **Information Technology-24.14%** | **Information Technology-24.14%** | **Information Technology-24.14%** |
| Amphenol Corp., Class A<br>| 269110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21466905 |
| Apple, Inc.<br>| 229023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33045729 |
| Applied Materials, Inc.<br>| &nbsp;&nbsp;62904 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7013167 |
| Automatic Data Processing, Inc.<br>| &nbsp;&nbsp;21805 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4923787 |
| Cadence Design Systems, Inc.<sup>(b)</sup><br>| 145615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26622790 |
| CDW Corp.<br>| &nbsp;&nbsp;42804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8390868 |
| Enphase Energy, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;18132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4014062 |
| First Solar, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;34719 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6166094 |
| Fiserv, Inc.<sup>(b)</sup><br>| 159117 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16974602 |
| Gartner, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;15863 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5363915 |
| Intuit, Inc.<br>| &nbsp;&nbsp;32280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13643788 |
| Keysight Technologies, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;39550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7093292 |
| KLA Corp.<br>| &nbsp;&nbsp;20912 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8207542 |
| Lattice Semiconductor Corp.<sup>(b)</sup><br>| 244331 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18517846 |
| Mastercard, Inc., Class A<br>| &nbsp;&nbsp;81206 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30094944 |
| ON Semiconductor Corp.<sup>(b)</sup><br>| 145798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10708863 |
| Teledyne Technologies, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;45590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19342013 |
| VeriSign, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;27734 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6047399 |
| Visa, Inc., Class A<sup>(c)</sup><br>| &nbsp;&nbsp;52785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12151635 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;259789241 |
| **Materials-5.14%** | **Materials-5.14%** | **Materials-5.14%** |
| Commercial Metals Co.<sup>(c)</sup><br>| 110973 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6022505 |
| Graphic Packaging Holding Co.<br>| 684716 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16494809 |
| Louisiana-Pacific Corp.<br>| &nbsp;&nbsp;92515 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6299346 |
| Nucor Corp.<br>| &nbsp;&nbsp;41161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6957032 |
| Olin Corp.<br>| 172721 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11156049 |
| Steel Dynamics, Inc.<br>| &nbsp;&nbsp;69720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8411021 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55340762 |
| **Real Estate-0.68%** | **Real Estate-0.68%** | **Real Estate-0.68%** |
| Ryman Hospitality Properties, Inc.<br>| &nbsp;&nbsp;78626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7303569 |
| **Utilities-2.09%** | **Utilities-2.09%** | **Utilities-2.09%** |
| American Water Works Co., Inc.<br>| &nbsp;&nbsp;36281 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5677614 |

---

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

------

### Invesco DWA Momentum ETF (PDP)—(continued)<br>
January 31, 2023

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Utilities-(continued)** | **Utilities-(continued)** | **Utilities-(continued)** |
| Constellation Energy Corp.<br>| &nbsp;&nbsp;61626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5260395 |
| NextEra Energy, Inc.<br>| 154305 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11515782 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22453791 |
| &nbsp;&nbsp;&nbsp;Total Common Stocks & Other Equity Interests<br>(Cost $963,148,183) | &nbsp;&nbsp;&nbsp;Total Common Stocks & Other Equity Interests<br>(Cost $963,148,183) | &nbsp;&nbsp;1075482025 |
| **Money Market Funds-0.09%** | **Money Market Funds-0.09%** | **Money Market Funds-0.09%** |
| Invesco Government & Agency Portfolio, Institutional Class, 4.30%<sup>(d)(e)</sup><br>(Cost $940,736)<br>| 940736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;940736 |
| TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-100.00%<br>(Cost $964,088,919) | TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-100.00%<br>(Cost $964,088,919) | &nbsp;&nbsp;1076422761 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Investments Purchased with Cash Collateral from Securities on Loan** | **Investments Purchased with Cash Collateral from Securities on Loan** | **Investments Purchased with Cash Collateral from Securities on Loan** |
| **Money Market Funds-5.30%** | **Money Market Funds-5.30%** | **Money Market Funds-5.30%** |
| Invesco Private Government Fund, 4.36%<sup>(d)(e)(f)</sup><br>| 15963191 | &nbsp;&nbsp;&nbsp;&nbsp;$15963191 |
| Invesco Private Prime Fund, 4.59%<sup>(d)(e)(f)</sup><br>| 41043799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41056111 |
| &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $57,020,545) | &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $57,020,545) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57019302 |
| TOTAL INVESTMENTS IN SECURITIES-105.30%<br>(Cost $1,021,109,464) | TOTAL INVESTMENTS IN SECURITIES-105.30%<br>(Cost $1,021,109,464) | &nbsp;&nbsp;1133442063 |
| OTHER ASSETS LESS LIABILITIES-(5.30)% | OTHER ASSETS LESS LIABILITIES-(5.30)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(57056907) |
| NET ASSETS-100.00% | NET ASSETS-100.00% | $1076385156 |

---

---

| | |
|:---|:---|
| 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> | Non-income producing security. |
| <sup>(c)</sup> | All or a portion of this security was out on loan at January 31, 2023. |
| <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 nine months ended January 31, 2023. |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Value<br> April 30, 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> January 31, 2023** | &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;$932748 | &nbsp;&nbsp;&nbsp;$13509494 | &nbsp;&nbsp;&nbsp;$(13501506) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;$940736 | &nbsp;&nbsp;&nbsp;&nbsp;$12045 |
| &nbsp;&nbsp;**Investments Purchased with Cash Collateral from Securities on Loan:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Invesco Private Government Fund | &nbsp;&nbsp;&nbsp;&nbsp;18147289 | &nbsp;&nbsp;&nbsp;&nbsp;218449546 | &nbsp;&nbsp;&nbsp;&nbsp;(220633644) | &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;15963191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;367,048\* |
| &nbsp;&nbsp;Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp;&nbsp;41729944 | &nbsp;&nbsp;&nbsp;&nbsp;517565557 | &nbsp;&nbsp;&nbsp;&nbsp;(518247621) | &nbsp;&nbsp;&nbsp;&nbsp;(1452) | &nbsp;&nbsp;&nbsp;&nbsp;9683 | &nbsp;&nbsp;&nbsp;&nbsp;41056111 | &nbsp;&nbsp;&nbsp;&nbsp;1,015,970\* |
| &nbsp;&nbsp;Total | &nbsp;&nbsp;&nbsp;$60809981 | &nbsp;&nbsp;&nbsp;$749524597 | &nbsp;&nbsp;&nbsp;$(752382771) | &nbsp;&nbsp;&nbsp;$(1452) | &nbsp;&nbsp;&nbsp;$9683 | &nbsp;&nbsp;&nbsp;$57960038 | &nbsp;&nbsp;&nbsp;$1395063 |

---

\* 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 January 31, 2023. <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 Global Listed Private Equity ETF (PSP)
January 31, 2023

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Common Stocks & Other Equity Interests-82.57%** | **Common Stocks & Other Equity Interests-82.57%** | **Common Stocks & Other Equity Interests-82.57%** |
| **Biotechnology-0.61%** | **Biotechnology-0.61%** | **Biotechnology-0.61%** |
| PureTech Health PLC<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;423672 | &nbsp;&nbsp;&nbsp;&nbsp;$1327429 |
| **Capital Markets-53.75%** | **Capital Markets-53.75%** | **Capital Markets-53.75%** |
| 3i Group PLC (United Kingdom)<br>| &nbsp;&nbsp;&nbsp;630026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12216104 |
| Alaris Equity Partners Income (Canada)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;80955 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1083566 |
| AURELIUS Equity Opportunities SE & Co. KGaA (Germany)<br>| &nbsp;&nbsp;&nbsp;&nbsp;48288 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;823883 |
| Blackstone Secured Lending Fund<br>| &nbsp;&nbsp;&nbsp;&nbsp;65015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1599369 |
| Blackstone, Inc., Class A<br>| &nbsp;&nbsp;&nbsp;113196 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10862288 |
| Blue Owl Capital, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;790159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9940200 |
| Bridgepoint Group PLC (United Kingdom)<sup>(c)(d)</sup><br>| 1218636 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3585631 |
| Carlyle Group, Inc. (The)<br>| &nbsp;&nbsp;&nbsp;259260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9325582 |
| Chrysalis Investments Ltd. (Guernsey)<sup>(b)(c)</sup><br>| 1101195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1175377 |
| EQT AB (Sweden)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;415223 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9276267 |
| Gimv N.V. (Belgium)<br>| &nbsp;&nbsp;&nbsp;&nbsp;44048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2069009 |
| Hamilton Lane, Inc., Class A<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;42419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3302743 |
| Intermediate Capital Group PLC (United Kingdom)<br>| &nbsp;&nbsp;&nbsp;334079 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5708636 |
| IP Group PLC (United Kingdom)<br>| 1845076 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1385600 |
| JAFCO Group Co. Ltd. (Japan)<br>| &nbsp;&nbsp;&nbsp;115457 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2051760 |
| KKR & Co., Inc., Class A<br>| &nbsp;&nbsp;&nbsp;185804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10369721 |
| Molten Ventures PLC (United Kingdom)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;305712 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1345872 |
| Onex Corp. (Canada)<br>| &nbsp;&nbsp;&nbsp;108487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5591225 |
| P10, Inc., Class A<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;97945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1106779 |
| Partners Group Holding AG (Switzerland)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9938 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9237608 |
| Patria Investments Ltd., Class A (Cayman Islands)<br>| &nbsp;&nbsp;&nbsp;113094 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1745040 |
| Ratos AB, Class B (Sweden)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;461880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1855496 |
| StepStone Group, Inc., Class A<br>| &nbsp;&nbsp;&nbsp;&nbsp;86060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2512091 |
| TPG, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;236574 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7620049 |
| VNV Global AB (Sweden)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;164454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;448919 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;116238815 |
| **Diversified Consumer Services-1.29%** | **Diversified Consumer Services-1.29%** | **Diversified Consumer Services-1.29%** |
| Graham Holdings Co., Class B<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2783101 |
| **Diversified Financial Services-15.21%** | **Diversified Financial Services-15.21%** | **Diversified Financial Services-15.21%** |
| Cannae Holdings, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;66221 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1618441 |
| Compass Diversified Holdings<br>| &nbsp;&nbsp;&nbsp;&nbsp;81627 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1821915 |
| Eurazeo SE (France)<br>| &nbsp;&nbsp;&nbsp;135783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9474767 |
| Kinnevik AB, Class B (Sweden)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;383011 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5873313 |
| Sofina S.A. (Belgium)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;37928 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8963319 |
| Wendel SE (France)<br>| &nbsp;&nbsp;&nbsp;&nbsp;48706 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5131026 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32882781 |
| **Industrial Conglomerates-6.72%** | **Industrial Conglomerates-6.72%** | **Industrial Conglomerates-6.72%** |
| Fosun International Ltd. (China)<br>| 5307348 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4929163 |
| Melrose Industries PLC (United Kingdom)<br>| 5492090 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9614594 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14543757 |
| **Interactive Media & Services-1.78%** | **Interactive Media & Services-1.78%** | **Interactive Media & Services-1.78%** |
| IAC, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;67967 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3840136 |
| **IT Services-1.10%** | **IT Services-1.10%** | **IT Services-1.10%** |
| Digital Garage, Inc. (Japan)<br>| &nbsp;&nbsp;&nbsp;&nbsp;67175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2383887 |
| **Trading Companies & Distributors-2.11%** | **Trading Companies & Distributors-2.11%** | **Trading Companies & Distributors-2.11%** |
| Seven Group Holdings Ltd. (Australia)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;285679 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4563556 |
| &nbsp;&nbsp;&nbsp;Total Common Stocks & Other Equity Interests<br>(Cost $205,584,320) | &nbsp;&nbsp;&nbsp;Total Common Stocks & Other Equity Interests<br>(Cost $205,584,320) | &nbsp;&nbsp;178563462 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Closed-End Funds-15.60%** | **Closed-End Funds-15.60%** | **Closed-End Funds-15.60%** |
| Apax Global Alpha Ltd. (Guernsey)<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;922542 | &nbsp;&nbsp;&nbsp;&nbsp;$2021622 |
| Ares Capital Corp.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;316532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6131225 |
| FS KKR Capital Corp., BDC<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;155503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3057189 |
| Goldman Sachs BDC, Inc., BDC<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34462 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;537952 |
| Golub Capital BDC, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75584 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1035501 |
| HBM Healthcare Investments AG (Switzerland), Class A<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2316483 |
| Hercules Capital, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37581 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;534026 |
| HgCapital Trust PLC (United Kingdom)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;926308 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4059748 |
| Main Street Capital Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1601795 |
| NB Private Equity Partners Ltd. (Guernsey)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1533773 |
| New Mountain Finance Corp., BDC(Acquired 03/28/2019 - 01/31/2023; Cost $1,031,208)<sup>(c)(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82073 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1060383 |
| Oakley Capital Investments Ltd. (Bermuda)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;290296 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1618948 |
| Oaktree Specialty Lending Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48233 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;965141 |
| Owl Rock Capital Corp., BDC<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;200836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2624927 |
| Princess Private Equity Holding Ltd. (Guernsey)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;107177 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1049925 |
| Prospect Capital Corp.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;134263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1006972 |
| Sixth Street Specialty Lending, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;542960 |
| Syncona Ltd. (United Kingdom)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;938165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2025828 |
| &nbsp;&nbsp;&nbsp;Total Closed-End Funds<br>(Cost $34,757,066) | &nbsp;&nbsp;&nbsp;Total Closed-End Funds<br>(Cost $34,757,066) | &nbsp;&nbsp;&nbsp;&nbsp;33724398 |
|  | **Shares** |  |
| **Money Market Funds-0.96%** | **Money Market Funds-0.96%** | **Money Market Funds-0.96%** |
| Invesco Government & Agency Portfolio, Institutional Class, 4.30%<sup>(f)(g)</sup><br>(Cost $2,084,024)<br>| &nbsp;&nbsp;2084024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2084024 |
| TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-99.13%<br>(Cost $242,425,410) | TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-99.13%<br>(Cost $242,425,410) | &nbsp;&nbsp;214371884 |
| **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-27.50%** | **Money Market Funds-27.50%** | **Money Market Funds-27.50%** |
| Invesco Private Government Fund, 4.36%<sup>(f)(g)(h)</sup><br>| 16646801 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16646801 |
| Invesco Private Prime Fund, 4.59%<sup>(f)(g)(h)</sup><br>| 42801266 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42814106 |
| &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $59,459,519) | &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $59,459,519) | &nbsp;&nbsp;&nbsp;&nbsp;59460907 |
| TOTAL INVESTMENTS IN SECURITIES-126.63%<br>(Cost $301,884,929) | TOTAL INVESTMENTS IN SECURITIES-126.63%<br>(Cost $301,884,929) | &nbsp;&nbsp;273832791 |
| OTHER ASSETS LESS LIABILITIES-(26.63)% | OTHER ASSETS LESS LIABILITIES-(26.63)% | &nbsp;&nbsp;&nbsp;(57581083) |
| NET ASSETS-100.00% | NET ASSETS-100.00% | $216251708 |

---

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

------

### Invesco Global Listed Private Equity ETF (PSP)—(continued)<br>
January 31, 2023

(Unaudited)

Investment Abbreviations: <br> BDC -Business Development Company

---

| | |
|:---|:---|
| 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> | Non-income producing security. |
| <sup>(c)</sup> | All or a portion of this security was out on loan at January 31, 2023. |
| <sup>(d)</sup> | Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the "1933 Act"). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at January 31, 2023 was $5,607,253, which represented 2.59% of the Fund's Net Assets. |
| <sup>(e)</sup> | Restricted security. The value of this security at January 31, 2023 represented less than 1% of the Fund's Net Assets. |
| <sup>(f)</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 nine months ended January 31, 2023. |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Value<br> April 30, 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> January 31, 2023** | &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;$2395158 | &nbsp;&nbsp;&nbsp;&nbsp;$9962502 | &nbsp;&nbsp;&nbsp;$(10273636) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$2084024 | &nbsp;&nbsp;&nbsp;$29935 |
| &nbsp;&nbsp;**Investments Purchased with Cash Collateral from Securities on Loan:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Invesco Private Government Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8533789 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63177456 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(55064444) | &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;16646801 | &nbsp;&nbsp;&nbsp;&nbsp;242,254\* |
| &nbsp;&nbsp;Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp;&nbsp;20226755 | &nbsp;&nbsp;&nbsp;&nbsp;139889018 | &nbsp;&nbsp;&nbsp;&nbsp;(117309397) | &nbsp;&nbsp;&nbsp;&nbsp;1168 | &nbsp;&nbsp;&nbsp;&nbsp;6562 | &nbsp;&nbsp;&nbsp;&nbsp;42814106 | &nbsp;&nbsp;&nbsp;&nbsp;662,092\* |
| &nbsp;&nbsp;Total | &nbsp;&nbsp;&nbsp;$31155702 | &nbsp;&nbsp;&nbsp;$213028976 | &nbsp;&nbsp;&nbsp;$(182647477) | &nbsp;&nbsp;&nbsp;$1168 | &nbsp;&nbsp;&nbsp;$6562 | &nbsp;&nbsp;&nbsp;$61544931 | &nbsp;&nbsp;&nbsp;$934281 |

---

\* 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>(g)</sup> The rate shown is the 7-day SEC standardized yield as of January 31, 2023. <br> <sup>(h)</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.

---

| | |
|:---|:---|
| This Fund has holdings greater than 10% of net assets in the following country: | This Fund has holdings greater than 10% of net assets in the following country: |
| United Kingdom | 18.47% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Open Over-The-Counter Total Return Swap Agreements<sup>(a)</sup>** | &nbsp;&nbsp;**Open Over-The-Counter Total Return Swap Agreements<sup>(a)</sup>** | &nbsp;&nbsp;**Open Over-The-Counter Total Return Swap Agreements<sup>(a)</sup>** | &nbsp;&nbsp;**Open Over-The-Counter Total Return Swap Agreements<sup>(a)</sup>** | &nbsp;&nbsp;**Open Over-The-Counter Total Return Swap Agreements<sup>(a)</sup>** | &nbsp;&nbsp;**Open Over-The-Counter Total Return Swap Agreements<sup>(a)</sup>** | &nbsp;&nbsp;**Open Over-The-Counter Total Return Swap Agreements<sup>(a)</sup>** | &nbsp;&nbsp;**Open Over-The-Counter Total Return Swap Agreements<sup>(a)</sup>** | &nbsp;&nbsp;**Open Over-The-Counter Total Return Swap Agreements<sup>(a)</sup>** |  |
| &nbsp;&nbsp;**Counterparty** | **Pay/<br> Receive** | **Reference Entity** | **Rate** | **Payment<br> Frequency** | **Maturity Date** | **Notional Value<sup>(b)</sup>** | **Upfront<br> Payments<br> Paid<br> (Received)** | **Value** | **Unrealized<br> Appreciation** |
| &nbsp;&nbsp;**Equity Risk** | &nbsp;&nbsp;**Equity Risk** | &nbsp;&nbsp;**Equity Risk** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Citibank, N.A. | Receive | Brookfield Business Partners LP | 1-Day CORRA plus 55 basis points | Monthly | October-2023 CAD | 1814360 | $- | $25365 | $25365 |

---

Abbreviations: <br> CAD -Canadian Dollar <br> CORRA -Canadian Overnight Repo Rate Average

<sup>(a)</sup> The Fund receives or pays payments based on any positive or negative return on the Reference Entity, respectively. <br> <sup>(b)</sup> Notional Value is denominated in U.S. Dollars unless otherwise noted.

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 Golden Dragon China ETF (PGJ)
January 31, 2023

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Common Stocks & Other Equity Interests-100.03%<sup>(b)</sup>** | **Common Stocks & Other Equity Interests-100.03%<sup>(b)</sup>** | **Common Stocks & Other Equity Interests-100.03%<sup>(b)</sup>** |
| **Communication Services-25.33%** | **Communication Services-25.33%** | **Communication Services-25.33%** |
| Autohome, Inc., ADR<br>| &nbsp;&nbsp;&nbsp;&nbsp;84985 | &nbsp;&nbsp;&nbsp;&nbsp;$2962577 |
| Baidu, Inc., ADR<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;161036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21688329 |
| Bilibili, Inc., ADR<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;152402 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3810050 |
| DouYu International Holdings Ltd., ADR<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;223770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;407261 |
| Hello Group, Inc., ADR<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;219384 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2248686 |
| iQIYI, Inc., ADR<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;478426 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3205454 |
| JOYY, Inc., ADR<br>| &nbsp;&nbsp;&nbsp;&nbsp;73594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2625834 |
| Kanzhun Ltd., ADR<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;308921 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7503691 |
| NetEase, Inc., ADR<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;122957 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10895220 |
| Sohu.com Ltd., ADR<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;50808 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;819025 |
| Tencent Music Entertainment Group, ADR<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;866070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7266327 |
| Weibo Corp., ADR<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;105751 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2405835 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65838289 |
| **Consumer Discretionary-53.54%** | **Consumer Discretionary-53.54%** | **Consumer Discretionary-53.54%** |
| Alibaba Group Holding Ltd., ADR<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;199731 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22010356 |
| Baozun, Inc., ADR<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;62123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;472756 |
| China Automotive Systems, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;38333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;331581 |
| Dada Nexus Ltd., ADR<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;120715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1570502 |
| H World Group Ltd., ADR<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;220632 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10475607 |
| JD.com, Inc., ADR<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;305834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18206298 |
| Kaixin Auto Holdings (Hong Kong)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;250407 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102667 |
| Kandi Technologies Group, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;94216 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;253441 |
| Li Auto, Inc., ADR<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;397455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9896630 |
| MINISO Group Holding Ltd., ADR<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;111524 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1697395 |
| New Oriental Education & Technology Group, Inc., ADR<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;149567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6377537 |
| Newegg Commerce, Inc.<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;477131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;882692 |
| NIO, Inc., ADR<sup>(c)(d)</sup><br>| 1368401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16516600 |
| Niu Technologies, ADR<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;64440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;347332 |
| Pinduoduo, Inc., ADR<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;213156 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20885025 |
| TAL Education Group, ADR<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;575236 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4204975 |
| Trip.com Group Ltd., ADR<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;273688 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10060771 |
| Uxin Ltd., ADR<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;36975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117950 |
| Vipshop Holdings Ltd., ADR<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;660926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10224525 |
| Xpeng, Inc., ADR<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;428581 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4560102 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;139194742 |
| **Consumer Staples-0.32%** | **Consumer Staples-0.32%** | **Consumer Staples-0.32%** |
| 111, Inc., ADR<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;61292 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186941 |
| Yatsen Holding Ltd., ADR<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;403375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;653467 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;840408 |
| **Financials-3.88%** | **Financials-3.88%** | **Financials-3.88%** |
| 360 DigiTech, Inc., ADR<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;170082 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4104079 |
| Fanhua, Inc., ADR<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;42059 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;326378 |
| LexinFintech Holdings Ltd., ADR<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;181774 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;603490 |
| Lufax Holding Ltd., ADR<br>| 1080093 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3294284 |
| Noah Holdings Ltd., ADR<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;42214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;799111 |
| Qudian, Inc., ADR<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;254139 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;315132 |
| Up Fintech Holding Ltd., ADR<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;161891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;655658 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10098132 |
| **Health Care-1.83%** | **Health Care-1.83%** | **Health Care-1.83%** |
| Burning Rock Biotech Ltd., ADR<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;70826 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206104 |
| I-Mab, ADR<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;69130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;416163 |
| Meihua International Medical Technologies Co. Ltd.<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;30390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;452507 |
| Zai Lab Ltd., ADR<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;87610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3691885 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4766659 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Industrials-4.25%** | **Industrials-4.25%** | **Industrials-4.25%** |
| CBAK Energy Technology, Inc.<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;112942 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$131013 |
| EHang Holdings Ltd., ADR<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;636922 |
| ReneSola Ltd., ADR<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65629 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;332083 |
| ZTO Express (Cayman), Inc., ADR<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;348791 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9944031 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11044049 |
| **Information Technology-7.19%** | **Information Technology-7.19%** | **Information Technology-7.19%** |
| Agora, Inc., ADR<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;353628 |
| Canaan, Inc., ADR<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;200939 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;630948 |
| Canadian Solar, Inc. (Canada)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3431398 |
| Chindata Group Holdings Ltd., ADR<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;158610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1314877 |
| Daqo New Energy Corp., ADR<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93979 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4276984 |
| GDS Holdings Ltd., ADR<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;112057 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2616531 |
| Hollysys Automation Technologies Ltd.<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1466036 |
| JinkoSolar Holding Co. Ltd., ADR<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2860157 |
| Kingsoft Cloud Holdings Ltd., ADR<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;134032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;643354 |
| Renren, Inc., ADR<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21811 |
| Vnet Group, Inc., ADR<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;170721 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1003840 |
| WeTrade Group, Inc.<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;247558 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77758 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18697322 |
| **Materials-0.04%** | **Materials-0.04%** | **Materials-0.04%** |
| Huadi International Group Co. Ltd.<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18063 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100791 |
| **Real Estate-3.65%** | **Real Estate-3.65%** | **Real Estate-3.65%** |
| KE Holdings, Inc., ADR<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;516785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9477837 |
| &nbsp;&nbsp;&nbsp;Total Common Stocks & Other Equity Interests<br>(Cost $332,442,705) | &nbsp;&nbsp;&nbsp;Total Common Stocks & Other Equity Interests<br>(Cost $332,442,705) | &nbsp;&nbsp;260058229 |
| **Money Market Funds-0.06%** | **Money Market Funds-0.06%** | **Money Market Funds-0.06%** |
| Invesco Government & Agency Portfolio, Institutional Class, 4.30%<sup>(e)(f)</sup><br>(Cost $165,681)<br>| &nbsp;&nbsp;&nbsp;&nbsp;165681 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165681 |
| TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-100.09%<br>(Cost $332,608,386) | TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-100.09%<br>(Cost $332,608,386) | &nbsp;&nbsp;260223910 |
| **Investments Purchased with Cash Collateral from Securities on Loan** | **Investments Purchased with Cash Collateral from Securities on Loan** | **Investments Purchased with Cash Collateral from Securities on Loan** |
| **Money Market Funds-26.62%** | **Money Market Funds-26.62%** | **Money Market Funds-26.62%** |
| Invesco Private Government Fund, 4.36%<sup>(e)(f)(g)</sup><br>| 19284926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19284926 |
| Invesco Private Prime Fund, 4.59%<sup>(e)(f)(g)</sup><br>| 49894348 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49909315 |
| &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $69,194,440) | &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $69,194,440) | &nbsp;&nbsp;&nbsp;&nbsp;69194241 |
| TOTAL INVESTMENTS IN SECURITIES-126.71%<br>(Cost $401,802,826) | TOTAL INVESTMENTS IN SECURITIES-126.71%<br>(Cost $401,802,826) | &nbsp;&nbsp;329418151 |
| OTHER ASSETS LESS LIABILITIES-(26.71)% | OTHER ASSETS LESS LIABILITIES-(26.71)% | &nbsp;&nbsp;&nbsp;(69446848) |
| NET ASSETS-100.00% | NET ASSETS-100.00% | $259971303 |

---

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

------

### Invesco Golden Dragon China ETF (PGJ)—(continued)<br>
January 31, 2023

(Unaudited)

Investment Abbreviations: <br> ADR-American Depositary Receipt

---

| | |
|:---|:---|
| 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> | Country of issuer and/or credit risk exposure listed in Common Stocks & Other Equity Interests has been determined to be China unless otherwise noted. |
| <sup>(c)</sup> | Non-income producing security. |
| <sup>(d)</sup> | All or a portion of this security was out on loan at January 31, 2023. |
| <sup>(e)</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 nine months ended January 31, 2023. |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Value<br> April 30, 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> January 31, 2023** | &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;$163140 | &nbsp;&nbsp;&nbsp;&nbsp;$4528346 | &nbsp;&nbsp;&nbsp;&nbsp;$(4525805) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;$165681 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4666 |
| &nbsp;&nbsp;**Investments Purchased with Cash Collateral from Securities on Loan:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Invesco Private Government Fund | &nbsp;&nbsp;&nbsp;&nbsp;22508565 | &nbsp;&nbsp;&nbsp;&nbsp;143620372 | &nbsp;&nbsp;&nbsp;&nbsp;(146844011) | &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;19284926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;399,369\* |
| &nbsp;&nbsp;Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp;&nbsp;52545493 | &nbsp;&nbsp;&nbsp;&nbsp;288308027 | &nbsp;&nbsp;&nbsp;&nbsp;(290957750) | &nbsp;&nbsp;&nbsp;&nbsp;(4715) | &nbsp;&nbsp;&nbsp;&nbsp;18260 | &nbsp;&nbsp;&nbsp;&nbsp;49909315 | &nbsp;&nbsp;&nbsp;&nbsp;1,104,109\* |
| &nbsp;&nbsp;Total | &nbsp;&nbsp;&nbsp;$75217198 | &nbsp;&nbsp;&nbsp;$436456745 | &nbsp;&nbsp;&nbsp;$(442327566) | &nbsp;&nbsp;&nbsp;$(4715) | &nbsp;&nbsp;&nbsp;$18260 | &nbsp;&nbsp;&nbsp;$69359922 | &nbsp;&nbsp;&nbsp;$1508144 |

---

\* 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>(f)</sup> The rate shown is the 7-day SEC standardized yield as of January 31, 2023. <br> <sup>(g)</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 MSCI Sustainable Future ETF (ERTH)
January 31, 2023

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Common Stocks & Other Equity Interests-98.29%** | **Common Stocks & Other Equity Interests-98.29%** | **Common Stocks & Other Equity Interests-98.29%** |
| **Automobiles-14.95%** | **Automobiles-14.95%** | **Automobiles-14.95%** |
| Li Auto, Inc., A Shares (China)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;772800 | &nbsp;&nbsp;$9621832 |
| Lucid Group, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;289453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3383706 |
| NIO, Inc., ADR (China)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;942248 | &nbsp;&nbsp;&nbsp;&nbsp;11372933 |
| Rivian Automotive, Inc., Class A<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;217136 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4212438 |
| Tesla, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;89573 | &nbsp;&nbsp;&nbsp;&nbsp;15515835 |
| Workhorse Group, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;114817 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;253746 |
| Xpeng, Inc. (China)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;582800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3078791 |
| Yadea Group Holdings Ltd. (China)<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;843353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1921565 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;49360846 |
| **Building Products-3.95%** | **Building Products-3.95%** | **Building Products-3.95%** |
| Advanced Drainage Systems, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;46169 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4655682 |
| Kingspan Group PLC (Ireland)<br>| &nbsp;&nbsp;&nbsp;104755 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6706582 |
| Rockwool A/S, Class B (Denmark)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5843 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1672405 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;13034669 |
| **Chemicals-1.65%** | **Chemicals-1.65%** | **Chemicals-1.65%** |
| FutureFuel Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6441 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59708 |
| Umicore S.A. (Belgium)<br>| &nbsp;&nbsp;&nbsp;142390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5377968 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5437676 |
| **Commercial Services & Supplies-0.47%** | **Commercial Services & Supplies-0.47%** | **Commercial Services & Supplies-0.47%** |
| China Everbright Environment Group Ltd. (China)<br>| 2355286 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1045652 |
| Dynagreen Environmental Protection Group Co. Ltd., H Shares (China)<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;327723 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114139 |
| Midac Holdings Co. Ltd. (Japan)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107460 |
| Sunny Friend Environmental Technology Co. Ltd. (Taiwan)<br>| &nbsp;&nbsp;&nbsp;&nbsp;53000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;298514 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1565765 |
| **Construction & Engineering-0.88%** | **Construction & Engineering-0.88%** | **Construction & Engineering-0.88%** |
| China Conch Venture Holdings Ltd. (China)<br>| 1105563 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2338473 |
| OX2 AB (Sweden)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;61438 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;472090 |
| ReneSola Ltd., ADR (China)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;19299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97653 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2908216 |
| **Electric Utilities-0.03%** | **Electric Utilities-0.03%** | **Electric Utilities-0.03%** |
| Fastned B.V., CVA (Netherlands)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101274 |
| **Electrical Equipment-16.23%** | **Electrical Equipment-16.23%** | **Electrical Equipment-16.23%** |
| Alfen N.V. (Netherlands)<sup>(b)(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;15410 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1429540 |
| Blink Charging Co.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;27563 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;375132 |
| China High Speed Transmission Equipment Group Co. Ltd. (Hong Kong)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;343207 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162092 |
| Contemporary Amperex Technology Co. Ltd., A Shares (China)<br>| &nbsp;&nbsp;&nbsp;100100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6939166 |
| CS Wind Corp. (South Korea)<br>| &nbsp;&nbsp;&nbsp;&nbsp;17498 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;918598 |
| Energiekontor AG (Germany)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;429062 |
| Fagerhult AB (Sweden)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;57635 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;269473 |
| Ginlong Technologies Co. Ltd., A Shares (China)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;16500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;449942 |
| Jiangsu GoodWe Power Supply Technology Co. Ltd., A Shares (China)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5211 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;315332 |
| Kempower OYJ (Finland)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;11860 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;296860 |
| Ming Yang Smart Energy Group Ltd., A Shares (China)<br>| &nbsp;&nbsp;&nbsp;103200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;428088 |
| Nordex SE (Germany)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;93533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1410968 |
| Plug Power, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;357384 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6082676 |
| PNE AG (Germany)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;30591 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;548186 |
| PowerCell Sweden AB (Sweden)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;34936 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;467490 |
| Pylon Technologies Co., Ltd., A Shares (China)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;305261 |
| Shoals Technologies Group, Inc., Class A<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;93324 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2602806 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Electrical Equipment-(continued)** | **Electrical Equipment-(continued)** | **Electrical Equipment-(continued)** |
| Signify N.V.<br>| &nbsp;&nbsp;&nbsp;&nbsp;85107 | &nbsp;&nbsp;$3069554 |
| Stem, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;40131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;395692 |
| Sungrow Power Supply Co. Ltd., A Shares (China)<br>| &nbsp;&nbsp;&nbsp;&nbsp;63600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1229862 |
| SunPower Corp.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;61332 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1069017 |
| Sunrun, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;130811 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3437713 |
| Titan Wind Energy Suzhou Co. Ltd., A Shares (China)<br>| &nbsp;&nbsp;&nbsp;103700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;251677 |
| TPI Composites, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;25567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;333649 |
| Vestas Wind Systems A/S (Denmark)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;674459 | &nbsp;&nbsp;&nbsp;&nbsp;19683777 |
| Xinjiang Goldwind Science & Technology Co. Ltd., H Shares (China)<br>| &nbsp;&nbsp;&nbsp;677420 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;694744 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;53596357 |
| **Electronic Equipment, Instruments & Components-0.64%** | **Electronic Equipment, Instruments & Components-0.64%** | **Electronic Equipment, Instruments & Components-0.64%** |
| Badger Meter, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;18108 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2098717 |
| **Equity REITs-17.05%** | **Equity REITs-17.05%** | **Equity REITs-17.05%** |
| Advance Logistics Investment Corp. (Japan)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;694 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;747458 |
| AEON REIT Investment Corp. (Japan)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1095 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1211117 |
| Brandywine Realty Trust<br>| &nbsp;&nbsp;&nbsp;&nbsp;98854 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;648482 |
| CapitaLand Integrated Commercial Trust (Singapore)<br>| 3787971 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6213641 |
| Centuria Office REIT (Australia)<br>| &nbsp;&nbsp;&nbsp;224597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;254268 |
| Covivio (France)<br>| &nbsp;&nbsp;&nbsp;&nbsp;30362 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2082236 |
| CRE Logistics REIT, Inc. (Japan)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;488 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;663512 |
| Digital Realty Trust, Inc.<br>| &nbsp;&nbsp;&nbsp;148391 | &nbsp;&nbsp;&nbsp;&nbsp;17008577 |
| Douglas Emmett, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;122697 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2055175 |
| First Capital REIT (Canada)<br>| &nbsp;&nbsp;&nbsp;&nbsp;60319 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;811426 |
| Frasers Centrepoint Trust (Singapore)<br>| &nbsp;&nbsp;&nbsp;663874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1126595 |
| Fukuoka REIT Corp. (Japan)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;272 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;350019 |
| Global One Real Estate Investment Corp. (Japan)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;322 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;266503 |
| Inmobiliaria Colonial SOCIMI S.A. (Spain)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;179176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1305568 |
| Japan Excellent, Inc. (Japan)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;618 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;589781 |
| Keppel REIT (Singapore)<br>| 1711049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1261228 |
| Klepierre S.A. (France)<br>| &nbsp;&nbsp;&nbsp;147726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3747325 |
| Lar Espana Real Estate SOCIMI S.A. (Spain)<br>| &nbsp;&nbsp;&nbsp;&nbsp;12857 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64092 |
| Mapletree Pan Asia Commercial Trust (Singapore)<br>| 1627638 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2267434 |
| Mercialys S.A. (France)<br>| &nbsp;&nbsp;&nbsp;&nbsp;48029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;533138 |
| Merlin Properties SOCIMI S.A. (Spain)<br>| &nbsp;&nbsp;&nbsp;204183 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1995326 |
| Mitsubishi Estate Logistics REIT Investment Corp. (Japan)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;388 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1221153 |
| Mori Hills REIT Investment Corp. (Japan)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1193910 |
| Nippon Prologis REIT, Inc. (Japan)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3500172 |
| OUE Commercial REIT (Singapore)<br>| 1515346 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;405464 |
| Paragon REIT (Singapore)<br>| &nbsp;&nbsp;&nbsp;686240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;510428 |
| Paramount Group, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;115620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;745749 |
| Piedmont Office Realty Trust, Inc., Class A<br>| &nbsp;&nbsp;&nbsp;&nbsp;72120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;764472 |
| Vornado Realty Trust<br>| &nbsp;&nbsp;&nbsp;112302 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2739046 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;56283295 |
| **Food Products-3.34%** | **Food Products-3.34%** | **Food Products-3.34%** |
| Darling Ingredients, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;110936 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7353948 |
| Grieg Seafood ASA (Norway)<br>| &nbsp;&nbsp;&nbsp;&nbsp;32907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;293546 |
| Minerva S.A. (Brazil)<br>| &nbsp;&nbsp;&nbsp;206100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;566310 |
| Salmar ASA (Norway)<br>| &nbsp;&nbsp;&nbsp;&nbsp;42691 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1981044 |
| SLC Agricola S.A. (Brazil)<br>| &nbsp;&nbsp;&nbsp;&nbsp;82850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;834773 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;11029621 |
| **Household Durables-1.49%** | **Household Durables-1.49%** | **Household Durables-1.49%** |
| KB Home<br>| &nbsp;&nbsp;&nbsp;&nbsp;53393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2052961 |

---

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

------

### Invesco MSCI Sustainable Future ETF (ERTH)—(continued)<br>
January 31, 2023

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Household Durables-(continued)** | **Household Durables-(continued)** | **Household Durables-(continued)** |
| Meritage Homes Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25191 | &nbsp;&nbsp;$2712819 |
| Neinor Homes S.A. (Spain)<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15908 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;160165 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4925945 |
| **Independent Power and Renewable Electricity Producers-9.58%** | **Independent Power and Renewable Electricity Producers-9.58%** | **Independent Power and Renewable Electricity Producers-9.58%** |
| Altus Power, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41479 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;332662 |
| BCPG PCL, NVDR (Thailand)<br>| &nbsp;&nbsp;1121345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;335211 |
| Boralex, Inc., Class A (Canada)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74078 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2066867 |
| Canvest Environmental Protection Group Co. Ltd. (Hong Kong)<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;607387 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;318303 |
| CECEP Solar Energy Co. Ltd., A Shares (China)<br>| &nbsp;&nbsp;&nbsp;&nbsp;220200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;249629 |
| CECEP Wind-Power Corp., A Shares (China)<br>| &nbsp;&nbsp;&nbsp;&nbsp;337000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198886 |
| China Datang Corp. Renewable Power Co. Ltd., H Shares (China)<br>| &nbsp;&nbsp;1643772 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;543155 |
| China Everbright Greentech Ltd. (China)<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;328972 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80579 |
| China Three Gorges Renewables Group Co. Ltd., A Shares (China)<br>| &nbsp;&nbsp;1300700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1108928 |
| Concord New Energy Group Ltd. (Hong Kong)<br>| &nbsp;&nbsp;5281633 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;512090 |
| EDP Renovaveis S.A. (Spain)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;212335 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4620421 |
| Encavis AG (Germany)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1722280 |
| Energix-Renewable Energies Ltd. (Israel)<br>| &nbsp;&nbsp;&nbsp;&nbsp;206038 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;679023 |
| Enlight Renewable Energy Ltd. (Israel)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78204 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1618751 |
| eRex Co. Ltd. (Japan)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;498999 |
| Greenvolt-Energias Renovaveis S.A. (Portugal)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51189 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;428655 |
| Grenergy Renovables S.A. (Spain)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12443 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;450352 |
| Montauk Renewables, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49548 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;550478 |
| Neoen S.A. (France)<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37489 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1405060 |
| NextEra Energy Partners L.P.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60342 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4423069 |
| Omega Energia S.A. (Brazil)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;240191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;416558 |
| Ormat Technologies, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32577 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3015001 |
| RENOVA, Inc. (Japan)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26631 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;462403 |
| Scatec ASA (South Africa)<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;689974 |
| Solaria Energia y Medio Ambiente S.A. (Spain)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1223169 |
| SPCG PCL, NVDR (Thailand)<br>| &nbsp;&nbsp;&nbsp;&nbsp;326045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145194 |
| Sunnova Energy International, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1407820 |
| Super Energy Corp. PCL, NVDR (Thailand)<br>| 12898520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;246877 |
| TransAlta Renewables, Inc. (Canada)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;770211 |
| Voltalia S.A. (France)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29935 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;568288 |
| West Holdings Corp. (Japan)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;545205 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;31634098 |
| **IT Services-0.33%** | **IT Services-0.33%** | **IT Services-0.33%** |
| Chindata Group Holdings Ltd., ADR (China)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;754680 |
| Kingsoft Cloud Holdings Ltd., ADR (China)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69439 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;333307 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1087987 |
| **Machinery-2.83%** | **Machinery-2.83%** | **Machinery-2.83%** |
| Alstom S.A. (France)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;214736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6379011 |
| Ebusco Holding N.V. (Netherlands)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6528 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96150 |
| Energy Recovery, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;650401 |
| Hyliion Holdings Corp.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;215408 |
| Lion Electric Co. (The) (Canada)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75991 |
| Proterra, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;120837 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;616269 |
| Riyue Heavy Industry Co. Ltd., A Shares (China)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123781 |
| Stadler Rail AG (Switzerland)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1185010 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9342021 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Metals & Mining-0.53%** | **Metals & Mining-0.53%** | **Metals & Mining-0.53%** |
| Schnitzer Steel Industries, Inc., Class A<br>| &nbsp;&nbsp;&nbsp;&nbsp;16202 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$548276 |
| Sims Ltd.<br>| &nbsp;&nbsp;&nbsp;109680 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1191934 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1740210 |
| **Oil, Gas & Consumable Fuels-0.70%** | **Oil, Gas & Consumable Fuels-0.70%** | **Oil, Gas & Consumable Fuels-0.70%** |
| Enviva, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;22979 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1045085 |
| REX American Resources Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;310676 |
| VERBIO Vereinigte BioEnergie AG (Germany)<br>| &nbsp;&nbsp;&nbsp;&nbsp;14786 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;929778 |
| Waga Energy S.A. (France)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1238 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37647 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2323186 |
| **Paper & Forest Products-2.80%** | **Paper & Forest Products-2.80%** | **Paper & Forest Products-2.80%** |
| Canfor Corp. (Canada)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;38282 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;723266 |
| Mercer International, Inc. (Germany)<br>| &nbsp;&nbsp;&nbsp;&nbsp;31386 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;399544 |
| Suzano S.A. (Brazil)<br>| &nbsp;&nbsp;&nbsp;502700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4577315 |
| West Fraser Timber Co. Ltd. (Canada)<br>| &nbsp;&nbsp;&nbsp;&nbsp;40886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3544873 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9244998 |
| **Real Estate Management & Development-0.70%** | **Real Estate Management & Development-0.70%** | **Real Estate Management & Development-0.70%** |
| Deutsche EuroShop AG (Germany)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134805 |
| Platzer Fastigheter Holding AB, Class B (Sweden)<br>| &nbsp;&nbsp;&nbsp;&nbsp;32172 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;282073 |
| Swire Properties Ltd. (Hong Kong)<br>| &nbsp;&nbsp;&nbsp;672721 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1895240 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2312118 |
| **Road & Rail-5.53%** | **Road & Rail-5.53%** | **Road & Rail-5.53%** |
| BTS Group Holdings PCL, NVDR (Thailand)<br>| 4411970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1132275 |
| BTS Group Holdings PCL, Wts., expiring 11/20/2026 (Thailand)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Central Japan Railway Co. (Japan)<br>| &nbsp;&nbsp;&nbsp;&nbsp;96098 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11692057 |
| MTR Corp. Ltd. (Hong Kong)<br>| 1011184 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5427369 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18251701 |
| **Semiconductors & Semiconductor Equipment-13.82%** | **Semiconductors & Semiconductor Equipment-13.82%** | **Semiconductors & Semiconductor Equipment-13.82%** |
| Duk San Neolux Co. Ltd. (South Korea)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6946 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;205243 |
| Enphase Energy, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;52027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11517737 |
| First Solar, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;66173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11752325 |
| GCL System Integration Technology Co. Ltd., A Shares (China)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;217100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104274 |
| JA Solar Technology Co. Ltd., A Shares (China)<br>| &nbsp;&nbsp;&nbsp;&nbsp;99320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;971005 |
| LONGi Green Energy Technology Co. Ltd., A Shares (China)<br>| &nbsp;&nbsp;&nbsp;309072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2214604 |
| Maxeon Solar Technologies Ltd.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;17696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;388604 |
| SMA Solar Technology AG (Germany)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;613203 |
| SolarEdge Technologies, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;38313 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12226828 |
| TSEC Corp. (Taiwan)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;383000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;474960 |
| United Renewable Energy Co. Ltd. (Taiwan)<sup>(b)</sup><br>| 1084075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;763765 |
| Xinyi Solar Holdings Ltd. (China)<br>| 3349309 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4378386 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45610934 |
| **Software-0.17%** | **Software-0.17%** | **Software-0.17%** |
| CM.com N.V. (Netherlands)<sup>(b)(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;11688 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156688 |
| Tuya, Inc., ADR (China)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;139597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;389475 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;546163 |
| **Transportation Infrastructure-0.34%** | **Transportation Infrastructure-0.34%** | **Transportation Infrastructure-0.34%** |
| Taiwan High Speed Rail Corp. (Taiwan)<br>| 1155000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1126818 |
| **Water Utilities-0.28%** | **Water Utilities-0.28%** | **Water Utilities-0.28%** |
| Beijing Enterprises Water Group Ltd. (China)<br>| 3077748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;786804 |
| China Everbright Water Ltd. (China)<br>| &nbsp;&nbsp;&nbsp;659113 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130383 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;917187 |
| &nbsp;&nbsp;&nbsp;Total Common Stocks & Other Equity Interests<br>(Cost $362,187,885) | &nbsp;&nbsp;&nbsp;Total Common Stocks & Other Equity Interests<br>(Cost $362,187,885) | &nbsp;&nbsp;324479802 |

---

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

------

January 31, 2023

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Exchange-Traded Funds-1.67%** | **Exchange-Traded Funds-1.67%** | **Exchange-Traded Funds-1.67%** |
| iShares MSCI India ETF<sup>(b)(c)</sup><br>(Cost $5,725,882)<br>| &nbsp;&nbsp;&nbsp;&nbsp;134615 | &nbsp;&nbsp;&nbsp;&nbsp;$5517869 |
| TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-99.96%<br>(Cost $367,913,767) | TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-99.96%<br>(Cost $367,913,767) | &nbsp;&nbsp;329997671 |
| **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-18.56%** | **Money Market Funds-18.56%** | **Money Market Funds-18.56%** |
| Invesco Private Government Fund, 4.36%<sup>(e)(f)(g)</sup><br>| 17083582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17083582 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Money Market Funds-(continued)** | **Money Market Funds-(continued)** | **Money Market Funds-(continued)** |
| Invesco Private Prime Fund, 4.59%<sup>(e)(f)(g)</sup><br>| 44182795 | &nbsp;&nbsp;$44196049 |
| &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $61,277,262) | &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $61,277,262) | &nbsp;&nbsp;&nbsp;&nbsp;61279631 |
| TOTAL INVESTMENTS IN SECURITIES-118.52%<br>(Cost $429,191,029) | TOTAL INVESTMENTS IN SECURITIES-118.52%<br>(Cost $429,191,029) | &nbsp;&nbsp;391277302 |
| OTHER ASSETS LESS LIABILITIES-(18.52)% | OTHER ASSETS LESS LIABILITIES-(18.52)% | &nbsp;&nbsp;&nbsp;(61140384) |
| NET ASSETS-100.00% | NET ASSETS-100.00% | $330136918 |

---

---

| | |
|:---|:---|
| Investment Abbreviations: | Investment Abbreviations: |
| ADR | -American Depositary Receipt |
| CVA | -Dutch Certificates |
| ETF | -Exchange-Traded Fund |
| NVDR | -Non-Voting Depositary Receipt |
| REIT | -Real Estate Investment Trust |
| Wts. | -Warrants |

---

---

| | |
|:---|:---|
| 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> | Non-income producing security. |
| <sup>(c)</sup> | All or a portion of this security was out on loan at January 31, 2023. |
| <sup>(d)</sup> | Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the "1933 Act"). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at January 31, 2023 was $6,276,013, which represented 1.90% of the Fund's Net Assets. |
| <sup>(e)</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 nine months ended January 31, 2023. |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Value<br> April 30, 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> January 31, 2023** | &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;$8964642 | &nbsp;&nbsp;&nbsp;&nbsp;$(8964642) | &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;&nbsp;&nbsp;$2403 |
| &nbsp;&nbsp;**Investments Purchased with Cash Collateral from Securities on Loan:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Invesco Private Government Fund | &nbsp;&nbsp;&nbsp;&nbsp;28369013 | &nbsp;&nbsp;&nbsp;&nbsp;120368309 | &nbsp;&nbsp;&nbsp;&nbsp;(131653740) | &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;17083582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;381,124\* |
| &nbsp;&nbsp;Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp;&nbsp;66151778 | &nbsp;&nbsp;&nbsp;&nbsp;254255610 | &nbsp;&nbsp;&nbsp;&nbsp;(276225868) | &nbsp;&nbsp;&nbsp;&nbsp;1889 | &nbsp;&nbsp;&nbsp;&nbsp;12640 | &nbsp;&nbsp;&nbsp;&nbsp;44196049 | &nbsp;&nbsp;&nbsp;&nbsp;1,040,956\* |
| &nbsp;&nbsp;Total | &nbsp;&nbsp;&nbsp;$94520791 | &nbsp;&nbsp;&nbsp;$383588561 | &nbsp;&nbsp;&nbsp;$(416844250) | &nbsp;&nbsp;&nbsp;$1889 | &nbsp;&nbsp;&nbsp;$12640 | &nbsp;&nbsp;&nbsp;$61279631 | &nbsp;&nbsp;&nbsp;$1424483 |

---

\* 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>(f)</sup> The rate shown is the 7-day SEC standardized yield as of January 31, 2023. <br> <sup>(g)</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.

---

| | |
|:---|:---|
| This Fund has holdings greater than 10% of net assets in the following country: |  |
| China | 15.92% |

---

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 Raymond James SB-1 Equity ETF (RYJ)
January 31, 2023

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Common Stocks & Other Equity Interests-100.01%** | **Common Stocks & Other Equity Interests-100.01%** | **Common Stocks & Other Equity Interests-100.01%** |
| **Communication Services-4.63%** | **Communication Services-4.63%** | **Communication Services-4.63%** |
| AT&T, Inc.<br>| 37405 | &nbsp;&nbsp;&nbsp;&nbsp;$761940 |
| DISH Network Corp., Class A<sup>(b)(c)</sup><br>| 51748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;744654 |
| Integral Ad Science Holding Corp.<sup>(b)</sup><br>| 72656 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;746904 |
| Iridium Communications, Inc.<sup>(b)</sup><br>| 11986 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;717242 |
| Radius Global Infrastructure, Inc., Class A<sup>(b)</sup><br>| 55544 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;748178 |
| T-Mobile US, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;4957 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;740129 |
| WideOpenWest, Inc.<sup>(b)(c)</sup><br>| 64919 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;745919 |
| ZipRecruiter, Inc., Class A<sup>(b)(c)</sup><br>| 39156 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;769024 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5973990 |
| **Consumer Discretionary-9.95%** | **Consumer Discretionary-9.95%** | **Consumer Discretionary-9.95%** |
| Advance Auto Parts, Inc.<br>| &nbsp;&nbsp;4877 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;742670 |
| Arko Corp.<sup>(c)</sup><br>| 86767 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;727975 |
| Bath & Body Works, Inc.<sup>(c)</sup><br>| 15981 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;735286 |
| Bloomin' Brands, Inc.<br>| 30210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;732593 |
| Dave & Buster's Entertainment, Inc.<sup>(b)</sup><br>| 17085 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;740635 |
| Dollar General Corp.<br>| &nbsp;&nbsp;3119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;728598 |
| Everi Holdings, Inc.<sup>(b)</sup><br>| 44021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;764645 |
| lululemon athletica, inc.<sup>(b)</sup><br>| &nbsp;&nbsp;2300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;705824 |
| Mobileye Global, Inc., Class A (Israel)<sup>(b)</sup><br>| 20934 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;808052 |
| Newell Brands, Inc.<sup>(c)</sup><br>| 47794 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;762792 |
| Planet Fitness, Inc., Class A<sup>(b)(c)</sup><br>| &nbsp;&nbsp;9080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;768622 |
| Polaris, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;6924 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;795152 |
| Target Corp.<br>| &nbsp;&nbsp;4434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;763269 |
| Tempur Sealy International, Inc.<sup>(c)</sup><br>| 18737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;763533 |
| Tractor Supply Co.<br>| &nbsp;&nbsp;3392 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;773342 |
| Ulta Beauty, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;1464 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;752437 |
| Xponential Fitness, Inc., Class A<sup>(b)(c)</sup><br>| 28054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;770924 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;12836349 |
| **Consumer Staples-1.73%** | **Consumer Staples-1.73%** | **Consumer Staples-1.73%** |
| Darling Ingredients, Inc.<sup>(b)</sup><br>| 10960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;726538 |
| Estee Lauder Cos., Inc. (The), Class A<br>| &nbsp;&nbsp;2688 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;744791 |
| Primo Water Corp.<br>| 48766 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;763188 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2234517 |
| **Energy-12.83%** | **Energy-12.83%** | **Energy-12.83%** |
| Antero Resources Corp.<sup>(b)</sup><br>| 24466 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;705599 |
| APA Corp.<br>| 15953 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;707196 |
| Black Stone Minerals L.P.<br>| 43967 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;715783 |
| Cheniere Energy, Inc.<br>| &nbsp;&nbsp;4741 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;724377 |
| ConocoPhillips<br>| &nbsp;&nbsp;5906 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;719764 |
| Devon Energy Corp.<br>| 11109 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;702533 |
| Diamondback Energy, Inc.<br>| &nbsp;&nbsp;4875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;712335 |
| Energy Transfer L.P.<br>| 56371 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;748607 |
| Enterprise Products Partners L.P.<br>| 27945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;715392 |
| Enviva, Inc.<sup>(c)</sup><br>| 15485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;704258 |
| EOG Resources, Inc.<br>| &nbsp;&nbsp;5418 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;716531 |
| Halliburton Co.<br>| 17678 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;728687 |
| Kimbell Royalty Partners L.P.<br>| 43726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;712297 |
| Marathon Oil Corp.<br>| 25800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;708726 |
| Marathon Petroleum Corp.<br>| &nbsp;&nbsp;5722 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;735391 |
| NexTier Oilfield Solutions, Inc.<sup>(b)</sup><br>| 79657 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;750369 |
| Northern Oil and Gas, Inc.<br>| 22159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;742770 |
| Occidental Petroleum Corp.<br>| 10750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;696493 |
| Patterson-UTI Energy, Inc.<br>| 44956 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;755261 |
| Pioneer Natural Resources Co.<br>| &nbsp;&nbsp;3005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;692202 |
| Targa Resources Corp.<br>| &nbsp;&nbsp;9507 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;713215 |
| Valero Energy Corp.<br>| &nbsp;&nbsp;5039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;705611 |
| Williams Cos., Inc. (The)<br>| 22864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;737135 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;16550532 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Financials-18.52%** | **Financials-18.52%** | **Financials-18.52%** |
| Allstate Corp. (The)<br>| &nbsp;&nbsp;&nbsp;&nbsp;5725 | &nbsp;&nbsp;&nbsp;&nbsp;$735491 |
| American Equity Investment Life Holding Co.<br>| &nbsp;&nbsp;15719 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;749010 |
| Arthur J. Gallagher & Co.<br>| &nbsp;&nbsp;&nbsp;&nbsp;3710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;726121 |
| AssetMark Financial Holdings, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;29039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;770695 |
| Axos Financial, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;17299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;832428 |
| Cadence Bank<sup>(c)</sup><br>| &nbsp;&nbsp;28807 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;736883 |
| Chubb Ltd.<br>| &nbsp;&nbsp;&nbsp;&nbsp;3263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;742300 |
| Coastal Financial Corp.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;16790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;766799 |
| First Merchants Corp.<br>| &nbsp;&nbsp;17893 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;762958 |
| First Republic Bank<br>| &nbsp;&nbsp;&nbsp;&nbsp;5282 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;744128 |
| Globe Life, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;6126 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;740327 |
| Hancock Whitney Corp.<sup>(c)</sup><br>| &nbsp;&nbsp;14929 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;768545 |
| Huntington Bancshares, Inc.<br>| &nbsp;&nbsp;50978 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;773336 |
| Intercontinental Exchange, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;6631 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;713164 |
| Ladder Capital Corp.<br>| &nbsp;&nbsp;65689 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;735717 |
| Merchants Bancorp<br>| &nbsp;&nbsp;28098 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;808379 |
| Mercury General Corp.<br>| &nbsp;&nbsp;20658 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;738110 |
| NBT Bancorp, Inc.<br>| &nbsp;&nbsp;16937 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;665793 |
| Nexpoint Real Estate Finance, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;32764 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;624154 |
| Old Second Bancorp, Inc.<br>| &nbsp;&nbsp;47105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;800314 |
| Open Lending Corp., Class A<sup>(b)(c)</sup><br>| &nbsp;&nbsp;83737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;734374 |
| Origin Bancorp, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;18810 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;705375 |
| Pacific Premier Bancorp, Inc.<br>| &nbsp;&nbsp;23553 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;761704 |
| Redwood Trust, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;92574 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;773919 |
| Starwood Property Trust, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;35173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;734764 |
| Texas Capital Bancshares, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;11312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;747384 |
| TPG RE Finance Trust, Inc.<br>| &nbsp;&nbsp;88693 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;772516 |
| Travelers Cos., Inc. (The)<br>| &nbsp;&nbsp;&nbsp;&nbsp;3881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;741737 |
| Valley National Bancorp<br>| &nbsp;&nbsp;64919 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;771238 |
| Voya Financial, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;10584 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;738446 |
| Willis Towers Watson PLC<br>| &nbsp;&nbsp;&nbsp;&nbsp;2843 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;722662 |
| Wintrust Financial Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;8246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;754262 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;23893033 |
| **Health Care-11.98%** | **Health Care-11.98%** | **Health Care-11.98%** |
| 89bio, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;57682 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;673726 |
| Acadia Healthcare Co., Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;8500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;714170 |
| ADMA Biologics, Inc.<sup>(b)(c)</sup><br>| 205514 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;758347 |
| AngioDynamics, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;54002 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;703106 |
| Apellis Pharmaceuticals, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;13819 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;728676 |
| Argenx SE, ADR (Netherlands)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;1839 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;702958 |
| Aveanna Healthcare Holdings, Inc.<sup>(b)</sup><br>| 325402 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;396990 |
| Avidity Biosciences, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;32012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;758684 |
| Blueprint Medicines Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;15406 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;720076 |
| Boston Scientific Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;15767 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;729224 |
| CareDx, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;50196 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;749928 |
| Cymabay Therapeutics, Inc.<sup>(b)(c)</sup><br>| 103646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;869590 |
| Encompass Health Corp.<br>| &nbsp;&nbsp;11476 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;716676 |
| Health Catalyst, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;55803 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;775662 |
| InflaRx N.V. (Germany)<sup>(b)</sup><br>| &nbsp;&nbsp;81251 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176315 |
| Mirum Pharmaceuticals, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;33850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;794798 |
| Ocular Therapeutix, Inc.<sup>(b)(c)</sup><br>| 175439 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;685966 |
| QuidelOrtho Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;8162 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;698749 |
| REGENXBIO, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;31274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;725869 |
| Sol-Gel Technologies Ltd. (Israel)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;5888 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30147 |
| Tarsus Pharmaceuticals, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;48178 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;759285 |
| Tenet Healthcare Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;13956 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;765487 |
| Xencor, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;24950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;821354 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;15455783 |
| **Industrials-14.07%** | **Industrials-14.07%** | **Industrials-14.07%** |
| Axon Enterprise, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;3888 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;759871 |
| Bloom Energy Corp., Class A<sup>(b)(c)</sup><br>| &nbsp;&nbsp;29921 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;745930 |

---

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

------

### Invesco Raymond James SB-1 Equity ETF (RYJ)—(continued)<br>
January 31, 2023

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Industrials-(continued)** | **Industrials-(continued)** | **Industrials-(continued)** |
| Byrna Technologies, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;36612 | &nbsp;&nbsp;&nbsp;&nbsp;$356601 |
| Casella Waste Systems, Inc., Class A<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;9039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;724205 |
| Chart Industries, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;5654 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;757523 |
| Clean Harbors, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;5763 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;750919 |
| Construction Partners, Inc., Class A<sup>(b)(c)</sup><br>| &nbsp;&nbsp;27517 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;778456 |
| Copa Holdings S.A., Class A (Panama)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;7827 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;720710 |
| Delta Air Lines, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;18429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;720574 |
| Federal Signal Corp.<br>| &nbsp;&nbsp;14140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;752955 |
| Forward Air Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;7111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;766921 |
| FTC Solar, Inc.<sup>(b)(c)</sup><br>| 247182 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;679750 |
| Griffon Corp.<br>| &nbsp;&nbsp;18929 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;773817 |
| PACCAR, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;7252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;792716 |
| ReneSola Ltd., ADR (China)<sup>(b)</sup><br>| 137533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;695917 |
| Ryanair Holdings PLC, ADR (Ireland)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;7680 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;695270 |
| Shyft Group, Inc. (The)<br>| &nbsp;&nbsp;23151 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;770697 |
| Southwest Airlines Co.<br>| &nbsp;&nbsp;19409 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;694260 |
| Tecnoglass, Inc.<br>| &nbsp;&nbsp;21883 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;749274 |
| Union Pacific Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;3447 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;703843 |
| United Parcel Service, Inc., Class B<br>| &nbsp;&nbsp;&nbsp;&nbsp;4038 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;747959 |
| V2X, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;16720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;738355 |
| Wabash National Corp.<br>| &nbsp;&nbsp;28714 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;739673 |
| Waste Connections, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;5592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;743177 |
| WESCO International, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;5287 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;787816 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;18147189 |
| **Information Technology-13.96%** | **Information Technology-13.96%** | **Information Technology-13.96%** |
| Alarm.com Holdings, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;14109 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;756243 |
| Avnet, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;16351 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;750184 |
| Cognex Corp.<br>| &nbsp;&nbsp;13945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;763349 |
| Edgio, Inc.<sup>(b)</sup><br>| 532814 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;836518 |
| EngageSmart, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;37858 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;745803 |
| Fastly, Inc., Class A<sup>(b)(c)</sup><br>| &nbsp;&nbsp;70244 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;727026 |
| Fidelity National Information Services, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;9731 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;730214 |
| Flywire Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;27371 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;738196 |
| GoDaddy, Inc., Class A<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;8987 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;738102 |
| HubSpot, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;2180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;756482 |
| I3 Verticals, Inc., Class A<sup>(b)(c)</sup><br>| &nbsp;&nbsp;24820 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;717794 |
| Itron, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;12664 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;727800 |
| Jabil, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;9057 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;712152 |
| Juniper Networks, Inc.<br>| &nbsp;&nbsp;22864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;738507 |
| Microchip Technology, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;9773 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;758580 |
| New Relic, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;12419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;758180 |
| nLight, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;59842 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;742041 |
| Palantir Technologies, Inc., Class A<sup>(b)(c)</sup><br>| 102464 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;797170 |
| Pure Storage, Inc., Class A<sup>(b)(c)</sup><br>| &nbsp;&nbsp;27655 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;800336 |
| RingCentral, Inc., Class A<sup>(b)</sup><br>| &nbsp;&nbsp;19766 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;771467 |
| Roper Technologies, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;1629 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;695176 |
| salesforce.com, inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;4756 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;798865 |
| SS&C Technologies Holdings, Inc.<br>| &nbsp;&nbsp;12783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;771454 |
| TD SYNNEX Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;6596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;673781 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;18005420 |
| **Materials-1.24%** | **Materials-1.24%** | **Materials-1.24%** |
| Graphic Packaging Holding Co.<br>| &nbsp;&nbsp;31884 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;768086 |
| Scotts Miracle-Gro Co. (The)<sup>(c)</sup><br>| &nbsp;&nbsp;11538 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;832928 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1601014 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Real Estate-10.54%** | **Real Estate-10.54%** | **Real Estate-10.54%** |
| Agree Realty Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9680 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$722418 |
| CareTrust REIT, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36868 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;763905 |
| CBRE Group, Inc., Class A<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8534 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;729742 |
| CubeSmart<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16873 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;772615 |
| Cushman & Wakefield PLC<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;738224 |
| Digital Realty Trust, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6739 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;772424 |
| DigitalBridge Group, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60243 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;891596 |
| EPR Properties<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;756526 |
| Equinix, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;999 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;737392 |
| Federal Realty Investment Trust<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6682 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;745244 |
| Kite Realty Group Trust<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;759912 |
| Medical Properties Trust, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52427 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;678930 |
| PotlatchDeltic Corp.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15661 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;766606 |
| Prologis, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;757064 |
| SBA Communications Corp., Class A<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2423 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;720915 |
| Uniti Group, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;116016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;764546 |
| Welltower, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9876 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;741095 |
| Weyerhaeuser Co.<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22457 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;773195 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13592349 |
| **Utilities-0.56%** | **Utilities-0.56%** | **Utilities-0.56%** |
| Sunnova Energy International, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37001 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;720779 |
| &nbsp;&nbsp;&nbsp;Total Common Stocks & Other Equity Interests<br>(Cost $108,153,727) | &nbsp;&nbsp;&nbsp;Total Common Stocks & Other Equity Interests<br>(Cost $108,153,727) | &nbsp;&nbsp;129010955 |
| **Money Market Funds-0.01%** | **Money Market Funds-0.01%** | **Money Market Funds-0.01%** |
| Invesco Government & Agency Portfolio, Institutional Class, 4.30%<sup>(d)(e)</sup><br>(Cost $9,462)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9462 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9462 |
| TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-100.02%<br>(Cost $108,163,189) | TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-100.02%<br>(Cost $108,163,189) | &nbsp;&nbsp;129020417 |
| **Investments Purchased with Cash Collateral from Securities on Loan** | **Investments Purchased with Cash Collateral from Securities on Loan** | **Investments Purchased with Cash Collateral from Securities on Loan** |
| **Money Market Funds-18.89%** | **Money Market Funds-18.89%** | **Money Market Funds-18.89%** |
| Invesco Private Government Fund, 4.36%<sup>(d)(e)(f)</sup><br>| &nbsp;&nbsp;6820053 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6820053 |
| Invesco Private Prime Fund, 4.59%<sup>(d)(e)(f)</sup><br>| 17535746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17541006 |
| &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $24,360,660) | &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $24,360,660) | &nbsp;&nbsp;&nbsp;&nbsp;24361059 |
| TOTAL INVESTMENTS IN SECURITIES-118.91%<br>(Cost $132,523,849) | TOTAL INVESTMENTS IN SECURITIES-118.91%<br>(Cost $132,523,849) | &nbsp;&nbsp;153381476 |
| OTHER ASSETS LESS LIABILITIES-(18.91)% | OTHER ASSETS LESS LIABILITIES-(18.91)% | &nbsp;&nbsp;&nbsp;(24387506) |
| NET ASSETS-100.00% | NET ASSETS-100.00% | $128993970 |

---

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

------

January 31, 2023

(Unaudited)

Investment Abbreviations: <br> ADR -American Depositary Receipt <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> | Non-income producing security. |
| <sup>(c)</sup> | All or a portion of this security was out on loan at January 31, 2023. |
| <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 nine months ended January 31, 2023. |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Value<br> April 30, 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> January 31, 2023** | &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;$9638 | &nbsp;&nbsp;&nbsp;&nbsp;$2337826 | &nbsp;&nbsp;&nbsp;&nbsp;$(2338002) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9462 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$836 |
| &nbsp;&nbsp;**Investments Purchased with Cash Collateral from Securities on Loan:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Invesco Private Government Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6869651 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34352214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(34401812) | &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;6820053 | &nbsp;&nbsp;&nbsp;&nbsp;126,244\* |
| &nbsp;&nbsp;Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp;&nbsp;15899917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70723829 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(69088103) | &nbsp;&nbsp;&nbsp;&nbsp;(1550) | &nbsp;&nbsp;&nbsp;&nbsp;6913 | &nbsp;&nbsp;&nbsp;&nbsp;17541006 | &nbsp;&nbsp;&nbsp;&nbsp;344,372\* |
| &nbsp;&nbsp;Total | &nbsp;&nbsp;&nbsp;$22779206 | &nbsp;&nbsp;&nbsp;$107413869 | &nbsp;&nbsp;&nbsp;$(105827917) | &nbsp;&nbsp;&nbsp;$(1550) | &nbsp;&nbsp;&nbsp;$6913 | &nbsp;&nbsp;&nbsp;$24370521 | &nbsp;&nbsp;&nbsp;$471452 |

---

\* 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 January 31, 2023. <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 S&P 500 BuyWrite ETF (PBP)
January 31, 2023

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Common Stocks & Other Equity Interests-104.62%** | **Common Stocks & Other Equity Interests-104.62%** | **Common Stocks & Other Equity Interests-104.62%** |
| **Communication Services-8.20%** | **Communication Services-8.20%** | **Communication Services-8.20%** |
| Activision Blizzard, Inc.<br>| &nbsp;&nbsp;2267 | &nbsp;&nbsp;&nbsp;$173584 |
| Alphabet, Inc., Class A<sup>(b)</sup><br>| 19020 | &nbsp;&nbsp;&nbsp;&nbsp;1879937 |
| Alphabet, Inc., Class C<sup>(b)</sup><br>| 16861 | &nbsp;&nbsp;&nbsp;&nbsp;1683908 |
| AT&T, Inc.<br>| 22695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;462297 |
| Charter Communications, Inc., Class A<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132587 |
| Comcast Corp., Class A<br>| 13736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;540512 |
| DISH Network Corp., Class A<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;801 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11526 |
| Electronic Arts, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;837 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107705 |
| Fox Corp., Class A<br>| &nbsp;&nbsp;&nbsp;&nbsp;962 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32650 |
| Fox Corp., Class B<br>| &nbsp;&nbsp;&nbsp;&nbsp;435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13790 |
| Interpublic Group of Cos., Inc. (The)<br>| &nbsp;&nbsp;1232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44919 |
| Live Nation Entertainment, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36462 |
| Lumen Technologies, Inc.<br>| &nbsp;&nbsp;3374 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17713 |
| Match Group, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48113 |
| Meta Platforms, Inc., Class A<sup>(b)</sup><br>| &nbsp;&nbsp;7161 | &nbsp;&nbsp;&nbsp;&nbsp;1066774 |
| Netflix, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;1418 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;501773 |
| News Corp., Class A<br>| &nbsp;&nbsp;1218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24677 |
| News Corp., Class B<br>| &nbsp;&nbsp;&nbsp;&nbsp;366 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7481 |
| Omnicom Group, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;647 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55636 |
| Paramount Global, Class B<br>| &nbsp;&nbsp;1596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36963 |
| Take-Two Interactive Software, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56955 |
| T-Mobile US, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;1902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;283988 |
| Verizon Communications, Inc.<br>| 13374 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;555957 |
| Walt Disney Co. (The)<sup>(b)</sup><br>| &nbsp;&nbsp;5803 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;629567 |
| Warner Bros Discovery, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;7036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104274 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;8509748 |
| **Consumer Discretionary-11.11%** | **Consumer Discretionary-11.11%** | **Consumer Discretionary-11.11%** |
| Advance Auto Parts, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29085 |
| Amazon.com, Inc.<sup>(b)</sup><br>| 28264 | &nbsp;&nbsp;&nbsp;&nbsp;2914866 |
| Aptiv PLC<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;861 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97370 |
| AutoZone, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143892 |
| Bath & Body Works, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33357 |
| Best Buy Co., Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;638 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56603 |
| Booking Holdings, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;126 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;306697 |
| BorgWarner, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;742 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35082 |
| Caesars Entertainment, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35141 |
| CarMax, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35225 |
| Carnival Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;3161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34202 |
| Chipotle Mexican Grill, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146528 |
| D.R. Horton, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;996 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98295 |
| Darden Restaurants, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57708 |
| Dollar General Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;719 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167958 |
| Dollar Tree, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100621 |
| Domino's Pizza, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;113 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39889 |
| eBay, Inc.<br>| &nbsp;&nbsp;1729 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85586 |
| Etsy, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;398 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54757 |
| Expedia Group, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;479 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54750 |
| Ford Motor Co.<br>| 12576 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169902 |
| Garmin Ltd.<br>| &nbsp;&nbsp;&nbsp;&nbsp;488 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48253 |
| General Motors Co.<br>| &nbsp;&nbsp;4522 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177805 |
| Genuine Parts Co.<br>| &nbsp;&nbsp;&nbsp;&nbsp;447 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75016 |
| Hasbro, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;412 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24378 |
| Hilton Worldwide Holdings, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;860 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124777 |
| Home Depot, Inc. (The)<br>| &nbsp;&nbsp;3259 | &nbsp;&nbsp;&nbsp;&nbsp;1056470 |
| Las Vegas Sands Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;1039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61301 |
| Lennar Corp., Class A<br>| &nbsp;&nbsp;&nbsp;&nbsp;812 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83149 |
| LKQ Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;802 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47286 |
| Lowe's Cos., Inc.<br>| &nbsp;&nbsp;1976 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;411502 |
| Marriott International, Inc., Class A<br>| &nbsp;&nbsp;&nbsp;&nbsp;855 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148924 |
| McDonald's Corp.<br>| &nbsp;&nbsp;2330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;623042 |
| MGM Resorts International<br>| &nbsp;&nbsp;1016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42073 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Consumer Discretionary-(continued)** | **Consumer Discretionary-(continued)** | **Consumer Discretionary-(continued)** |
| Mohawk Industries, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;168 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$20170 |
| Newell Brands, Inc.<br>| &nbsp;&nbsp;1199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19136 |
| NIKE, Inc., Class B<br>| &nbsp;&nbsp;4009 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;510466 |
| Norwegian Cruise Line Holdings Ltd.<sup>(b)</sup><br>| &nbsp;&nbsp;1337 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20336 |
| NVR, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57970 |
| O'Reilly Automotive, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157678 |
| Pool Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48972 |
| PulteGroup, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;723 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41131 |
| Ralph Lauren Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16596 |
| Ross Stores, Inc.<br>| &nbsp;&nbsp;1105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130600 |
| Royal Caribbean Cruises Ltd.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;693 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45003 |
| Starbucks Corp.<br>| &nbsp;&nbsp;3654 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;398798 |
| Tapestry, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;771 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35134 |
| Target Corp.<br>| &nbsp;&nbsp;1464 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;252013 |
| Tesla, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;8548 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1480685 |
| TJX Cos., Inc. (The)<br>| &nbsp;&nbsp;3698 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;302718 |
| Tractor Supply Co.<br>| &nbsp;&nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79797 |
| Ulta Beauty, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;162 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83262 |
| VF Corp.<br>| &nbsp;&nbsp;1039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32147 |
| Whirlpool Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26917 |
| Wynn Resorts Ltd.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34201 |
| Yum! Brands, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;897 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117067 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;11532287 |
| **Consumer Staples-7.02%** | **Consumer Staples-7.02%** | **Consumer Staples-7.02%** |
| Altria Group, Inc.<br>| &nbsp;&nbsp;5705 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;256953 |
| Archer-Daniels-Midland Co.<br>| &nbsp;&nbsp;1747 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144739 |
| Brown-Forman Corp., Class B<br>| &nbsp;&nbsp;&nbsp;&nbsp;575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38284 |
| Campbell Soup Co.<br>| &nbsp;&nbsp;&nbsp;&nbsp;640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33235 |
| Church & Dwight Co., Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;776 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62747 |
| Clorox Co. (The)<br>| &nbsp;&nbsp;&nbsp;&nbsp;393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56863 |
| Coca-Cola Co. (The)<br>| 12393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;759939 |
| Colgate-Palmolive Co.<br>| &nbsp;&nbsp;2659 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198175 |
| Conagra Brands, Inc.<br>| &nbsp;&nbsp;1517 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56417 |
| Constellation Brands, Inc., Class A<br>| &nbsp;&nbsp;&nbsp;&nbsp;518 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119927 |
| Costco Wholesale Corp.<br>| &nbsp;&nbsp;1410 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;720707 |
| Estee Lauder Cos., Inc. (The), Class A<br>| &nbsp;&nbsp;&nbsp;&nbsp;738 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;204485 |
| General Mills, Inc.<br>| &nbsp;&nbsp;1889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148022 |
| Hershey Co. (The)<br>| &nbsp;&nbsp;&nbsp;&nbsp;467 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104888 |
| Hormel Foods Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41549 |
| JM Smucker Co. (The)<br>| &nbsp;&nbsp;&nbsp;&nbsp;342 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52258 |
| Kellogg Co.<br>| &nbsp;&nbsp;&nbsp;&nbsp;816 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55961 |
| Keurig Dr Pepper, Inc.<br>| &nbsp;&nbsp;2707 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95503 |
| Kimberly-Clark Corp.<br>| &nbsp;&nbsp;1073 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139501 |
| Kraft Heinz Co. (The)<br>| &nbsp;&nbsp;2533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102663 |
| Kroger Co. (The)<br>| &nbsp;&nbsp;2073 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92518 |
| Lamb Weston Holdings, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;456 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45550 |
| McCormick & Co., Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59946 |
| Molson Coors Beverage Co., Class B<br>| &nbsp;&nbsp;&nbsp;&nbsp;593 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31180 |
| Mondelez International, Inc., Class A<br>| &nbsp;&nbsp;4348 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;284533 |
| Monster Beverage Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;1214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126353 |
| PepsiCo, Inc.<br>| &nbsp;&nbsp;4387 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;750265 |
| Philip Morris International, Inc.<br>| &nbsp;&nbsp;4935 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;514424 |
| Procter & Gamble Co. (The)<br>| &nbsp;&nbsp;7546 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1074399 |
| Sysco Corp.<br>| &nbsp;&nbsp;1615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125098 |
| Tyson Foods, Inc., Class A<br>| &nbsp;&nbsp;&nbsp;&nbsp;918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60359 |
| Walgreens Boots Alliance, Inc.<br>| &nbsp;&nbsp;2285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84225 |
| Walmart, Inc.<br>| &nbsp;&nbsp;4495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;646696 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7288362 |
| **Energy-5.29%** | **Energy-5.29%** | **Energy-5.29%** |
| APA Corp.<br>| &nbsp;&nbsp;1018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45128 |
| Baker Hughes Co., Class A<br>| &nbsp;&nbsp;3190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101251 |

---

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

------

### Invesco S&P 500 BuyWrite ETF (PBP)—(continued)<br>
January 31, 2023

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Energy-(continued)** | **Energy-(continued)** | **Energy-(continued)** |
| Chevron Corp.<br>| &nbsp;&nbsp;5665 | &nbsp;&nbsp;&nbsp;$985823 |
| ConocoPhillips<br>| &nbsp;&nbsp;3968 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;483580 |
| Coterra Energy, Inc.<br>| &nbsp;&nbsp;2512 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62875 |
| Devon Energy Corp.<br>| &nbsp;&nbsp;2081 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131602 |
| Diamondback Energy, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;559 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81681 |
| EOG Resources, Inc.<br>| &nbsp;&nbsp;1870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247308 |
| EQT Corp.<br>| &nbsp;&nbsp;1168 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38159 |
| Exxon Mobil Corp.<br>| 13115 | &nbsp;&nbsp;&nbsp;&nbsp;1521471 |
| Halliburton Co.<br>| &nbsp;&nbsp;2891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119167 |
| Hess Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;883 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132591 |
| Kinder Morgan, Inc.<br>| &nbsp;&nbsp;6297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115235 |
| Marathon Oil Corp.<br>| &nbsp;&nbsp;2010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55215 |
| Marathon Petroleum Corp.<br>| &nbsp;&nbsp;1493 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191880 |
| Occidental Petroleum Corp.<br>| &nbsp;&nbsp;2316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150054 |
| ONEOK, Inc.<br>| &nbsp;&nbsp;1424 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97516 |
| Phillips 66<br>| &nbsp;&nbsp;1505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150906 |
| Pioneer Natural Resources Co.<br>| &nbsp;&nbsp;&nbsp;&nbsp;755 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;173914 |
| Schlumberger Ltd.<br>| &nbsp;&nbsp;4514 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;257208 |
| Targa Resources Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;718 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53864 |
| Valero Energy Corp.<br>| &nbsp;&nbsp;1229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172097 |
| Williams Cos., Inc. (The)<br>| &nbsp;&nbsp;3879 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125059 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;5493584 |
| **Financials-12.26%** | **Financials-12.26%** | **Financials-12.26%** |
| Aflac, Inc.<br>| &nbsp;&nbsp;1802 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132447 |
| Allstate Corp. (The)<br>| &nbsp;&nbsp;&nbsp;&nbsp;843 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108300 |
| American Express Co.<br>| &nbsp;&nbsp;1904 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;333067 |
| American International Group, Inc.<br>| &nbsp;&nbsp;2365 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149515 |
| Ameriprise Financial, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;341 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119391 |
| Aon PLC, Class A<br>| &nbsp;&nbsp;&nbsp;&nbsp;657 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;209373 |
| Arch Capital Group Ltd.<sup>(b)</sup><br>| &nbsp;&nbsp;1177 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75740 |
| Arthur J. Gallagher & Co.<br>| &nbsp;&nbsp;&nbsp;&nbsp;671 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131328 |
| Assurant, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;168 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22275 |
| Bank of America Corp.<br>| 22227 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;788614 |
| Bank of New York Mellon Corp. (The)<br>| &nbsp;&nbsp;2341 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118384 |
| Berkshire Hathaway, Inc., Class B<sup>(b)</sup><br>| &nbsp;&nbsp;5736 | &nbsp;&nbsp;&nbsp;&nbsp;1786879 |
| BlackRock, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;362902 |
| Brown & Brown, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;744 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43569 |
| Capital One Financial Corp.<br>| &nbsp;&nbsp;1216 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144704 |
| Cboe Global Markets, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41779 |
| Charles Schwab Corp. (The)<br>| &nbsp;&nbsp;4857 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;376029 |
| Chubb Ltd.<br>| &nbsp;&nbsp;1322 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300742 |
| Cincinnati Financial Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;501 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56688 |
| Citigroup, Inc.<br>| &nbsp;&nbsp;6168 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;322093 |
| Citizens Financial Group, Inc.<br>| &nbsp;&nbsp;1567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67882 |
| CME Group, Inc., Class A<br>| &nbsp;&nbsp;1143 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;201922 |
| Comerica, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;416 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30497 |
| Discover Financial Services<br>| &nbsp;&nbsp;&nbsp;&nbsp;869 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101438 |
| Everest Re Group Ltd.<br>| &nbsp;&nbsp;&nbsp;&nbsp;127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44411 |
| FactSet Research Systems, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52445 |
| Fifth Third Bancorp<br>| &nbsp;&nbsp;2186 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79330 |
| First Republic Bank<br>| &nbsp;&nbsp;&nbsp;&nbsp;582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81992 |
| Franklin Resources, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;898 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28018 |
| Globe Life, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34442 |
| Goldman Sachs Group, Inc. (The)<br>| &nbsp;&nbsp;1077 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;393977 |
| Hartford Financial Services Group, Inc. (The)<br>| &nbsp;&nbsp;1014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78697 |
| Huntington Bancshares, Inc.<br>| &nbsp;&nbsp;4596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69721 |
| Intercontinental Exchange, Inc.<br>| &nbsp;&nbsp;1778 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191224 |
| Invesco Ltd.<sup>(c)</sup><br>| &nbsp;&nbsp;1437 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26599 |
| JPMorgan Chase & Co.<br>| &nbsp;&nbsp;9342 | &nbsp;&nbsp;&nbsp;&nbsp;1307506 |
| KeyCorp<br>| &nbsp;&nbsp;2970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56994 |
| Lincoln National Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17361 |
| Loews Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38486 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Financials-(continued)** | **Financials-(continued)** | **Financials-(continued)** |
| M&T Bank Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;548 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$85488 |
| MarketAxess Holdings, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44390 |
| Marsh & McLennan Cos., Inc.<br>| &nbsp;&nbsp;1579 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;276183 |
| MetLife, Inc.<br>| &nbsp;&nbsp;2099 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153269 |
| Moody's Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;502 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162021 |
| Morgan Stanley<br>| &nbsp;&nbsp;4199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;408689 |
| MSCI, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;254 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135016 |
| Nasdaq, Inc.<br>| &nbsp;&nbsp;1078 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64885 |
| Northern Trust Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64194 |
| PNC Financial Services Group, Inc. (The)<br>| &nbsp;&nbsp;1283 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;212247 |
| Principal Financial Group, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;722 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66821 |
| Progressive Corp. (The)<br>| &nbsp;&nbsp;1862 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;253884 |
| Prudential Financial, Inc.<br>| &nbsp;&nbsp;1171 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122885 |
| Raymond James Financial, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;614 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69241 |
| Regions Financial Corp.<br>| &nbsp;&nbsp;2975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70032 |
| S&P Global, Inc.<br>| &nbsp;&nbsp;1059 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;397061 |
| Signature Bank<br>| &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25790 |
| State Street Corp.<br>| &nbsp;&nbsp;1168 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106673 |
| SVB Financial Group<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;188 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56859 |
| Synchrony Financial<br>| &nbsp;&nbsp;1428 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52450 |
| T. Rowe Price Group, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;713 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83043 |
| Travelers Cos., Inc. (The)<br>| &nbsp;&nbsp;&nbsp;&nbsp;742 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141811 |
| Truist Financial Corp.<br>| &nbsp;&nbsp;4223 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;208574 |
| U.S. Bancorp<br>| &nbsp;&nbsp;4306 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;214439 |
| W.R. Berkley Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;649 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45521 |
| Wells Fargo & Co.<br>| 12132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;568627 |
| Willis Towers Watson PLC<br>| &nbsp;&nbsp;&nbsp;&nbsp;348 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88458 |
| Zions Bancorporation N.A.<br>| &nbsp;&nbsp;&nbsp;&nbsp;476 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25304 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;12730616 |
| **Health Care-15.34%** | **Health Care-15.34%** | **Health Care-15.34%** |
| Abbott Laboratories<br>| &nbsp;&nbsp;5551 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;613663 |
| AbbVie, Inc.<br>| &nbsp;&nbsp;5630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;831833 |
| Agilent Technologies, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;940 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142955 |
| Align Technology, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63117 |
| AmerisourceBergen Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;517 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87352 |
| Amgen, Inc.<br>| &nbsp;&nbsp;1700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;429080 |
| Baxter International, Inc.<br>| &nbsp;&nbsp;1605 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73332 |
| Becton, Dickinson and Co.<br>| &nbsp;&nbsp;&nbsp;&nbsp;908 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229016 |
| Biogen, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;458 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133232 |
| Bio-Rad Laboratories, Inc., Class A<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31787 |
| Bio-Techne Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;501 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39910 |
| Boston Scientific Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;4561 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210946 |
| Bristol-Myers Squibb Co.<br>| &nbsp;&nbsp;6772 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;491986 |
| Cardinal Health, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64890 |
| Catalent, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;565 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30256 |
| Centene Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;1803 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137461 |
| Charles River Laboratories International, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39163 |
| Cigna Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;973 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;308120 |
| Cooper Cos., Inc. (The)<br>| &nbsp;&nbsp;&nbsp;&nbsp;156 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54433 |
| CVS Health Corp.<br>| &nbsp;&nbsp;4184 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;369113 |
| Danaher Corp.<br>| &nbsp;&nbsp;2086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;551497 |
| DaVita, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14418 |
| DENTSPLY SIRONA, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;677 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24934 |
| DexCom, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;1231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131828 |
| Edwards Lifesciences Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;1967 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150869 |
| Elevance Health, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;759 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;379492 |
| Eli Lilly and Co.<br>| &nbsp;&nbsp;2512 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;864505 |
| GE HealthCare Technologies, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;1183 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82242 |
| Gilead Sciences, Inc.<br>| &nbsp;&nbsp;3995 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;335340 |
| HCA Healthcare, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172172 |
| Henry Schein, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;433 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37303 |
| Hologic, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;795 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64689 |

---

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

------

January 31, 2023

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Health Care-(continued)** | **Health Care-(continued)** | **Health Care-(continued)** |
| Humana, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;403 | &nbsp;&nbsp;&nbsp;&nbsp;$206215 |
| IDEXX Laboratories, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126372 |
| Illumina, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;502 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107528 |
| Incyte Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;588 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50062 |
| Intuitive Surgical, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;1126 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;276647 |
| IQVIA Holdings, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135811 |
| Johnson & Johnson<br>| &nbsp;&nbsp;8325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1360472 |
| Laboratory Corp. of America Holdings<br>| &nbsp;&nbsp;&nbsp;&nbsp;282 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71098 |
| McKesson Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170406 |
| Medtronic PLC<br>| &nbsp;&nbsp;4231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;354092 |
| Merck & Co., Inc.<br>| &nbsp;&nbsp;8071 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;866906 |
| Mettler-Toledo International, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107304 |
| Moderna, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;1050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184863 |
| Molina Healthcare, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;186 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58000 |
| Organon & Co.<br>| &nbsp;&nbsp;&nbsp;&nbsp;805 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24255 |
| PerkinElmer, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55012 |
| Pfizer, Inc.<br>| 17873 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;789272 |
| Quest Diagnostics, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;361 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53601 |
| Regeneron Pharmaceuticals, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;261672 |
| ResMed, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;466 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106420 |
| STERIS PLC<br>| &nbsp;&nbsp;&nbsp;&nbsp;318 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65670 |
| Stryker Corp.<br>| &nbsp;&nbsp;1071 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;271831 |
| Teleflex, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;148 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36026 |
| Thermo Fisher Scientific, Inc.<br>| &nbsp;&nbsp;1247 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;711202 |
| UnitedHealth Group, Inc.<br>| &nbsp;&nbsp;2975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1485090 |
| Universal Health Services, Inc., Class B<br>| &nbsp;&nbsp;&nbsp;&nbsp;202 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29938 |
| Vertex Pharmaceuticals, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;818 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;264296 |
| Viatris, Inc.<br>| &nbsp;&nbsp;3861 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46950 |
| Waters Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;189 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62102 |
| West Pharmaceutical Services, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63478 |
| Zimmer Biomet Holdings, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85063 |
| Zoetis, Inc.<br>| &nbsp;&nbsp;1483 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;245422 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;15924010 |
| **Industrials-8.77%** | **Industrials-8.77%** | **Industrials-8.77%** |
| 3M Co.<br>| &nbsp;&nbsp;1758 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;202311 |
| A.O. Smith Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27351 |
| Alaska Air Group, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;402 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20639 |
| Allegion PLC<br>| &nbsp;&nbsp;&nbsp;&nbsp;279 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32796 |
| American Airlines Group, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;2047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33039 |
| AMETEK, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;733 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106226 |
| Boeing Co. (The)<sup>(b)</sup><br>| &nbsp;&nbsp;1784 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;379992 |
| C.H. Robinson Worldwide, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38065 |
| Carrier Global Corp.<br>| &nbsp;&nbsp;2662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121201 |
| Caterpillar, Inc.<br>| &nbsp;&nbsp;1656 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;417792 |
| Cintas Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121585 |
| Copart, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;1363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90789 |
| CoStar Group, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;1295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100881 |
| CSX Corp.<br>| &nbsp;&nbsp;6693 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206948 |
| Cummins, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;447 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111544 |
| Deere & Co.<br>| &nbsp;&nbsp;&nbsp;&nbsp;873 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;369139 |
| Delta Air Lines, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;2039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79725 |
| Dover Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67564 |
| Eaton Corp. PLC<br>| &nbsp;&nbsp;1265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;205196 |
| Emerson Electric Co.<br>| &nbsp;&nbsp;1882 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169794 |
| Equifax, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86658 |
| Expeditors International of Washington, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;508 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54940 |
| Fastenal Co.<br>| &nbsp;&nbsp;1825 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92254 |
| FedEx Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;761 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147527 |
| Fortive Corp.<br>| &nbsp;&nbsp;1128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76738 |
| Generac Holdings, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;202 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24361 |
| General Dynamics Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;718 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167337 |
| General Electric Co.<br>| &nbsp;&nbsp;3480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;280070 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Industrials-(continued)** | **Industrials-(continued)** | **Industrials-(continued)** |
| Honeywell International, Inc.<br>| &nbsp;&nbsp;2139 | &nbsp;&nbsp;&nbsp;$445939 |
| Howmet Aerospace, Inc.<br>| &nbsp;&nbsp;1172 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47689 |
| Huntington Ingalls Industries, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28670 |
| IDEX Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;244 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58482 |
| Illinois Tool Works, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210076 |
| Ingersoll Rand, Inc.<br>| &nbsp;&nbsp;1290 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72223 |
| J.B. Hunt Transport Services, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49720 |
| Jacobs Solutions, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49914 |
| Johnson Controls International PLC<br>| &nbsp;&nbsp;2193 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152567 |
| L3Harris Technologies, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;607 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130396 |
| Leidos Holdings, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;437 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43193 |
| Lockheed Martin Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;741 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;343276 |
| Masco Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38038 |
| Nordson Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;171 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41604 |
| Norfolk Southern Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;739 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;181654 |
| Northrop Grumman Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206098 |
| Old Dominion Freight Line, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;288 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95973 |
| Otis Worldwide Corp.<br>| &nbsp;&nbsp;1327 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109119 |
| PACCAR, Inc.<br>| &nbsp;&nbsp;1108 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121115 |
| Parker-Hannifin Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;409 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133334 |
| Pentair PLC<br>| &nbsp;&nbsp;&nbsp;&nbsp;523 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28964 |
| Quanta Services, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68942 |
| Raytheon Technologies Corp.<br>| &nbsp;&nbsp;4682 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;467498 |
| Republic Services, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;652 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81383 |
| Robert Half International, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28966 |
| Rockwell Automation, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;364 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102659 |
| Rollins, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26790 |
| Snap-on, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;169 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42035 |
| Southwest Airlines Co.<br>| &nbsp;&nbsp;1890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67605 |
| Stanley Black & Decker, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;470 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41976 |
| Textron, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;663 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48300 |
| Trane Technologies PLC<br>| &nbsp;&nbsp;&nbsp;&nbsp;735 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131653 |
| TransDigm Group, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;163 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116993 |
| Union Pacific Corp.<br>| &nbsp;&nbsp;1956 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;399396 |
| United Airlines Holdings, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;1038 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50820 |
| United Parcel Service, Inc., Class B<br>| &nbsp;&nbsp;2325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;430660 |
| United Rentals, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;222 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97891 |
| Verisk Analytics, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;498 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90531 |
| W.W. Grainger, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87833 |
| Wabtec Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;578 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60002 |
| Waste Management, Inc.<br>| &nbsp;&nbsp;1189 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;183974 |
| Xylem, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;573 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59598 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;9106011 |
| **Information Technology-27.71%** | **Information Technology-27.71%** | **Information Technology-27.71%** |
| Accenture PLC, Class A<br>| &nbsp;&nbsp;2007 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;560053 |
| Adobe, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;1479 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;547733 |
| Advanced Micro Devices, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;5133 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;385745 |
| Akamai Technologies, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;497 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44208 |
| Amphenol Corp., Class A<br>| &nbsp;&nbsp;1895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;151164 |
| Analog Devices, Inc.<br>| &nbsp;&nbsp;1635 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;280353 |
| ANSYS, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;277 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73782 |
| Apple, Inc.<br>| 47616 | &nbsp;&nbsp;&nbsp;&nbsp;6870513 |
| Applied Materials, Inc.<br>| &nbsp;&nbsp;2738 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;305260 |
| Arista Networks, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;787 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99178 |
| Autodesk, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;687 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147815 |
| Automatic Data Processing, Inc.<br>| &nbsp;&nbsp;1321 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;298295 |
| Broadcom, Inc.<br>| &nbsp;&nbsp;1290 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;754663 |
| Broadridge Financial Solutions, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;373 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56084 |
| Cadence Design Systems, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;872 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159428 |
| CDW Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84685 |
| Ceridian HCM Holding, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;484 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34984 |
| Cisco Systems, Inc.<br>| 13074 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;636312 |

---

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

------

January 31, 2023

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Information Technology-(continued)** | **Information Technology-(continued)** | **Information Technology-(continued)** |
| Cognizant Technology Solutions Corp., Class A<br>| &nbsp;&nbsp;1634 | &nbsp;&nbsp;&nbsp;&nbsp;$109069 |
| Corning, Inc.<br>| &nbsp;&nbsp;2426 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83964 |
| DXC Technology Co.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;731 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21002 |
| Enphase Energy, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96079 |
| EPAM Systems, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;183 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60875 |
| F5, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28203 |
| Fidelity National Information Services, Inc.<br>| &nbsp;&nbsp;1889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141751 |
| First Solar, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56122 |
| Fiserv, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;215920 |
| FleetCor Technologies, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;238 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49697 |
| Fortinet, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;2064 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108030 |
| Gartner, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;251 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84873 |
| Gen Digital, Inc.<br>| &nbsp;&nbsp;1844 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42430 |
| Global Payments, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96826 |
| Hewlett Packard Enterprise Co.<br>| &nbsp;&nbsp;4098 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66101 |
| HP, Inc.<br>| &nbsp;&nbsp;2821 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82204 |
| Intel Corp.<br>| 13140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;371336 |
| International Business Machines Corp.<br>| &nbsp;&nbsp;2879 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;387888 |
| Intuit, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;898 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;379558 |
| Jack Henry & Associates, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;235 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42321 |
| Juniper Networks, Inc.<br>| &nbsp;&nbsp;1030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33269 |
| Keysight Technologies, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;568 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101871 |
| KLA Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;449 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176224 |
| Lam Research Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;436 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218044 |
| Mastercard, Inc., Class A<br>| &nbsp;&nbsp;2704 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1002102 |
| Microchip Technology, Inc.<br>| &nbsp;&nbsp;1750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135835 |
| Micron Technology, Inc.<br>| &nbsp;&nbsp;3462 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;208759 |
| Microsoft Corp.<br>| 23736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5882018 |
| Monolithic Power Systems, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;146 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62278 |
| Motorola Solutions, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;534 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137243 |
| NetApp, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;686 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45434 |
| NVIDIA Corp.<br>| &nbsp;&nbsp;7928 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1548893 |
| NXP Semiconductors N.V. (China)<br>| &nbsp;&nbsp;&nbsp;&nbsp;826 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152240 |
| ON Semiconductor Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;1376 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101067 |
| Oracle Corp.<br>| &nbsp;&nbsp;4895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;433012 |
| Paychex, Inc.<br>| &nbsp;&nbsp;1022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118409 |
| Paycom Software, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;153 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49563 |
| PayPal Holdings, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;3629 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;295727 |
| PTC, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;339 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45724 |
| Qorvo, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;324 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35206 |
| QUALCOMM, Inc.<br>| &nbsp;&nbsp;3569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;475426 |
| Roper Technologies, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145095 |
| salesforce.com, inc.<sup>(b)</sup><br>| &nbsp;&nbsp;3185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;534984 |
| Seagate Technology Holdings PLC<br>| &nbsp;&nbsp;&nbsp;&nbsp;612 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41481 |
| ServiceNow, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;293559 |
| Skyworks Solutions, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;512 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56151 |
| SolarEdge Technologies, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;178 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56805 |
| Synopsys, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;486 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171922 |
| TE Connectivity Ltd.<br>| &nbsp;&nbsp;1014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128930 |
| Teledyne Technologies, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;148 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62790 |
| Teradyne, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;492 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50036 |
| Texas Instruments, Inc.<br>| &nbsp;&nbsp;2890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;512137 |
| Trimble, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45577 |
| Tyler Technologies, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;136 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43897 |
| VeriSign, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64107 |
| Visa, Inc., Class A<br>| &nbsp;&nbsp;5204 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1198013 |
| Western Digital Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;1005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44170 |
| Zebra Technologies Corp., Class A<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;163 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51537 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;28774039 |
| **Materials-2.93%** | **Materials-2.93%** | **Materials-2.93%** |
| Air Products and Chemicals, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;706 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;226280 |
| Albemarle Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104699 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Materials-(continued)** | **Materials-(continued)** | **Materials-(continued)** |
| Amcor PLC<br>| 4740 | &nbsp;&nbsp;&nbsp;&nbsp;$57164 |
| Avery Dennison Corp.<br>| &nbsp;&nbsp;&nbsp;257 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48686 |
| Ball Corp.<br>| &nbsp;&nbsp;&nbsp;999 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58182 |
| Celanese Corp.<br>| &nbsp;&nbsp;&nbsp;318 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39178 |
| CF Industries Holdings, Inc.<br>| &nbsp;&nbsp;&nbsp;623 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52768 |
| Corteva, Inc.<br>| 2275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146624 |
| Dow, Inc.<br>| 2239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132885 |
| DuPont de Nemours, Inc.<br>| 1582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116989 |
| Eastman Chemical Co.<br>| &nbsp;&nbsp;&nbsp;382 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33681 |
| Ecolab, Inc.<br>| &nbsp;&nbsp;&nbsp;788 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122006 |
| FMC Corp.<br>| &nbsp;&nbsp;&nbsp;399 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53119 |
| Freeport-McMoRan, Inc.<br>| 4551 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;203066 |
| International Flavors & Fragrances, Inc.<br>| &nbsp;&nbsp;&nbsp;813 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91430 |
| International Paper Co.<br>| 1127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47131 |
| Linde PLC (United Kingdom)<br>| 1574 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;520900 |
| LyondellBasell Industries N.V., Class A<br>| &nbsp;&nbsp;&nbsp;809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78222 |
| Martin Marietta Materials, Inc.<br>| &nbsp;&nbsp;&nbsp;198 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71209 |
| Mosaic Co. (The)<br>| 1084 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53701 |
| Newmont Corp.<br>| 2525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133648 |
| Nucor Corp.<br>| &nbsp;&nbsp;&nbsp;818 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138258 |
| Packaging Corp. of America<br>| &nbsp;&nbsp;&nbsp;295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42096 |
| PPG Industries, Inc.<br>| &nbsp;&nbsp;&nbsp;746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97234 |
| Sealed Air Corp.<br>| &nbsp;&nbsp;&nbsp;460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25190 |
| Sherwin-Williams Co. (The)<br>| &nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177442 |
| Steel Dynamics, Inc.<br>| &nbsp;&nbsp;&nbsp;530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63939 |
| Vulcan Materials Co.<br>| &nbsp;&nbsp;&nbsp;423 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77549 |
| WestRock Co.<br>| &nbsp;&nbsp;&nbsp;805 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31588 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;3044864 |
| **Real Estate-2.92%** | **Real Estate-2.92%** | **Real Estate-2.92%** |
| Alexandria Real Estate Equities, Inc.<br>| &nbsp;&nbsp;&nbsp;475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76351 |
| American Tower Corp.<br>| 1482 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;331064 |
| AvalonBay Communities, Inc.<br>| &nbsp;&nbsp;&nbsp;444 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78783 |
| Boston Properties, Inc.<br>| &nbsp;&nbsp;&nbsp;452 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33692 |
| Camden Property Trust<br>| &nbsp;&nbsp;&nbsp;341 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42015 |
| CBRE Group, Inc., Class A<sup>(b)</sup><br>| 1007 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86109 |
| Crown Castle, Inc.<br>| 1378 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;204096 |
| Digital Realty Trust, Inc.<br>| &nbsp;&nbsp;&nbsp;916 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104992 |
| Equinix, Inc.<br>| &nbsp;&nbsp;&nbsp;295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;217748 |
| Equity Residential<br>| 1082 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68869 |
| Essex Property Trust, Inc.<br>| &nbsp;&nbsp;&nbsp;206 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46570 |
| Extra Space Storage, Inc.<br>| &nbsp;&nbsp;&nbsp;426 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67236 |
| Federal Realty Investment Trust<br>| &nbsp;&nbsp;&nbsp;236 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26321 |
| Healthpeak Properties, Inc.<br>| 1699 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46689 |
| Host Hotels & Resorts, Inc.<br>| 2276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42903 |
| Invitation Homes, Inc.<br>| 1847 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60027 |
| Iron Mountain, Inc.<br>| &nbsp;&nbsp;&nbsp;922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50323 |
| Kimco Realty Corp.<br>| 1968 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44201 |
| Mid-America Apartment Communities, Inc.<br>| &nbsp;&nbsp;&nbsp;366 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61020 |
| Prologis, Inc.<br>| 2938 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;379825 |
| Public Storage<br>| &nbsp;&nbsp;&nbsp;504 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153387 |
| Realty Income Corp.<br>| 1997 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135457 |
| Regency Centers Corp.<br>| &nbsp;&nbsp;&nbsp;486 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32382 |
| SBA Communications Corp., Class A<br>| &nbsp;&nbsp;&nbsp;346 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102945 |
| Simon Property Group, Inc.<br>| 1038 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133341 |
| UDR, Inc.<br>| &nbsp;&nbsp;&nbsp;974 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41483 |
| Ventas, Inc.<br>| 1272 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65902 |
| VICI Properties, Inc.<br>| 3067 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104830 |
| Welltower, Inc.<br>| 1505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112935 |
| Weyerhaeuser Co.<br>| 2342 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80635 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;3032131 |

---

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

------

January 31, 2023

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Utilities-3.07%** | **Utilities-3.07%** | **Utilities-3.07%** |
| AES Corp. (The)<br>| 2128 | &nbsp;&nbsp;$58328 |
| Alliant Energy Corp.<br>| &nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43224 |
| Ameren Corp.<br>| &nbsp;&nbsp;&nbsp;824 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71581 |
| American Electric Power Co., Inc.<br>| 1634 | &nbsp;&nbsp;&nbsp;&nbsp;153531 |
| American Water Works Co., Inc.<br>| &nbsp;&nbsp;&nbsp;578 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90451 |
| Atmos Energy Corp.<br>| &nbsp;&nbsp;&nbsp;444 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52188 |
| CenterPoint Energy, Inc.<br>| 2005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60391 |
| CMS Energy Corp.<br>| &nbsp;&nbsp;&nbsp;920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58135 |
| Consolidated Edison, Inc.<br>| 1132 | &nbsp;&nbsp;&nbsp;&nbsp;107891 |
| Constellation Energy Corp.<br>| 1039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88689 |
| Dominion Energy, Inc.<br>| 2652 | &nbsp;&nbsp;&nbsp;&nbsp;168773 |
| DTE Energy Co.<br>| &nbsp;&nbsp;&nbsp;618 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71917 |
| Duke Energy Corp.<br>| 2450 | &nbsp;&nbsp;&nbsp;&nbsp;251002 |
| Edison International<br>| 1217 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83851 |
| Entergy Corp.<br>| &nbsp;&nbsp;&nbsp;646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69949 |
| Evergy, Inc.<br>| &nbsp;&nbsp;&nbsp;729 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45672 |
| Eversource Energy<br>| 1109 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91304 |
| Exelon Corp.<br>| 3164 | &nbsp;&nbsp;&nbsp;&nbsp;133489 |
| FirstEnergy Corp.<br>| 1731 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70884 |
| NextEra Energy, Inc.<br>| 6327 | &nbsp;&nbsp;&nbsp;&nbsp;472184 |
| NiSource, Inc.<br>| 1282 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35575 |
| NRG Energy, Inc.<br>| &nbsp;&nbsp;&nbsp;725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24810 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Utilities-(continued)** | **Utilities-(continued)** | **Utilities-(continued)** |
| PG&E Corp.<sup>(b)</sup><br>| 5126 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$81503 |
| Pinnacle West Capital Corp.<br>| &nbsp;&nbsp;&nbsp;359 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26763 |
| PPL Corp.<br>| 2343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69353 |
| Public Service Enterprise Group, Inc.<br>| 1589 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98407 |
| Sempra Energy<br>| 1002 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;160651 |
| Southern Co. (The)<br>| 3467 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;234647 |
| WEC Energy Group, Inc.<br>| 1005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94460 |
| Xcel Energy, Inc.<br>| 1741 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119729 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3189332 |
| &nbsp;&nbsp;&nbsp;Total Common Stocks & Other Equity Interests<br>(Cost $96,009,251) | &nbsp;&nbsp;&nbsp;Total Common Stocks & Other Equity Interests<br>(Cost $96,009,251) | &nbsp;&nbsp;108624984 |
| **Money Market Funds-0.00%** | **Money Market Funds-0.00%** | **Money Market Funds-0.00%** |
| Invesco Government & Agency Portfolio, Institutional Class, 4.30%<sup>(c)(d)</sup><br>(Cost $3,808)<br>| 3808 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3808 |
| TOTAL INVESTMENTS IN SECURITIES-104.62%<br>(Cost $96,013,059) | TOTAL INVESTMENTS IN SECURITIES-104.62%<br>(Cost $96,013,059) | &nbsp;&nbsp;108628792 |
| OTHER ASSETS LESS LIABILITIES-(4.62)% | OTHER ASSETS LESS LIABILITIES-(4.62)% | &nbsp;&nbsp;&nbsp;&nbsp;(4800624) |
| NET ASSETS-100.00% | NET ASSETS-100.00% | $103828168 |

---

---

| | |
|:---|:---|
| 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> | Non-income producing security. |
| <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 nine months ended January 31, 2023. |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Value<br> April 30, 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> January 31, 2023** | &nbsp;&nbsp;&nbsp;**Dividend<br> Income** |
| &nbsp;&nbsp;Invesco Ltd. | &nbsp;&nbsp;&nbsp;$24206 | &nbsp;&nbsp;&nbsp;&nbsp;$16381 | &nbsp;&nbsp;&nbsp;&nbsp;$(15024) | &nbsp;&nbsp;&nbsp;$3889 | &nbsp;&nbsp;&nbsp;$(2853) | &nbsp;&nbsp;&nbsp;$26599 | &nbsp;&nbsp;&nbsp;$777 |
| &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;1977137 | &nbsp;&nbsp;&nbsp;&nbsp;(1973329) | &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;3808 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;579 |
| &nbsp;&nbsp;Total | &nbsp;&nbsp;&nbsp;$24206 | &nbsp;&nbsp;&nbsp;$1993518 | &nbsp;&nbsp;&nbsp;$(1988353) | &nbsp;&nbsp;&nbsp;$3889 | &nbsp;&nbsp;&nbsp;$(2853) | &nbsp;&nbsp;&nbsp;$30407 | &nbsp;&nbsp;&nbsp;$1356 |

---

<sup>(d)</sup> The rate shown is the 7-day SEC standardized yield as of January 31, 2023.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Open Exchange-Traded Index Options Written** | &nbsp;&nbsp;**Open Exchange-Traded Index Options Written** | &nbsp;&nbsp;**Open Exchange-Traded Index Options Written** | &nbsp;&nbsp;**Open Exchange-Traded Index Options Written** | &nbsp;&nbsp;**Open Exchange-Traded Index Options Written** |  |
| &nbsp;&nbsp;**Description** | &nbsp;&nbsp;&nbsp;**Expiration<br> Date** | &nbsp;&nbsp;&nbsp;**Number of<br> Contracts** | &nbsp;&nbsp;&nbsp;**Exercise<br> Price** | &nbsp;&nbsp;&nbsp;**Notional<br> Value\*** | &nbsp;&nbsp;&nbsp;**Value** |
| &nbsp;&nbsp;**Equity Risk** | &nbsp;&nbsp;**Equity Risk** |  |  |  |  |
| &nbsp;&nbsp;S&P 500 Index &nbsp;&nbsp;&nbsp;Call | &nbsp;&nbsp;&nbsp;02/17/2023 | &nbsp;&nbsp;&nbsp;266 | &nbsp;&nbsp;&nbsp;$3920 | &nbsp;&nbsp;&nbsp;$104272000 | &nbsp;&nbsp;&nbsp;$(4845190) |

---

\* Notional Value is calculated by multiplying the Number of Contracts by the Exercise Price by the multiplier.

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 S&P 500<sup>®</sup> Quality ETF (SPHQ)
January 31, 2023

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Common Stocks & Other Equity Interests-99.95%** | **Common Stocks & Other Equity Interests-99.95%** | **Common Stocks & Other Equity Interests-99.95%** |
| **Communication Services-3.74%** | **Communication Services-3.74%** | **Communication Services-3.74%** |
| Interpublic Group of Cos., Inc. (The)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;184950 | &nbsp;&nbsp;&nbsp;&nbsp;$6743277 |
| Meta Platforms, Inc., Class A<sup>(c)</sup><br>| 1064653 | &nbsp;&nbsp;&nbsp;&nbsp;158601357 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;165344634 |
| **Consumer Discretionary-3.34%** | **Consumer Discretionary-3.34%** | **Consumer Discretionary-3.34%** |
| Best Buy Co., Inc.<br>| &nbsp;&nbsp;&nbsp;102560 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9099123 |
| Booking Holdings, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;20974 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51052814 |
| Genuine Parts Co.<br>| &nbsp;&nbsp;&nbsp;&nbsp;59473 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9980759 |
| LKQ Corp.<br>| &nbsp;&nbsp;&nbsp;113727 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6705344 |
| NVR, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1611 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8489970 |
| Tapestry, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;128551 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5858069 |
| TJX Cos., Inc. (The)<br>| &nbsp;&nbsp;&nbsp;518677 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42458899 |
| Ulta Beauty, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;27474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14120537 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;147765515 |
| **Consumer Staples-11.39%** | **Consumer Staples-11.39%** | **Consumer Staples-11.39%** |
| Brown-Forman Corp., Class B<br>| &nbsp;&nbsp;&nbsp;&nbsp;87190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5805110 |
| Coca-Cola Co. (The)<br>| 1716797 | &nbsp;&nbsp;&nbsp;&nbsp;105273992 |
| Costco Wholesale Corp.<br>| &nbsp;&nbsp;&nbsp;223192 | &nbsp;&nbsp;&nbsp;&nbsp;114082359 |
| Kraft Heinz Co. (The)<br>| &nbsp;&nbsp;&nbsp;342140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13866934 |
| PepsiCo, Inc.<br>| &nbsp;&nbsp;&nbsp;623016 | &nbsp;&nbsp;&nbsp;&nbsp;106548196 |
| Procter & Gamble Co. (The)<sup>(b)</sup><br>| 1045012 | &nbsp;&nbsp;&nbsp;&nbsp;148788809 |
| Tyson Foods, Inc., Class A<br>| &nbsp;&nbsp;&nbsp;131476 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8644547 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;503009947 |
| **Energy-14.24%** | **Energy-14.24%** | **Energy-14.24%** |
| APA Corp.<br>| &nbsp;&nbsp;&nbsp;171792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7615539 |
| Chevron Corp.<br>| &nbsp;&nbsp;&nbsp;918928 | &nbsp;&nbsp;&nbsp;&nbsp;159911851 |
| EOG Resources, Inc.<br>| &nbsp;&nbsp;&nbsp;337261 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44602767 |
| Exxon Mobil Corp.<br>| 2061055 | &nbsp;&nbsp;&nbsp;&nbsp;239102991 |
| Marathon Oil Corp.<br>| &nbsp;&nbsp;&nbsp;404001 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11097907 |
| Marathon Petroleum Corp.<br>| &nbsp;&nbsp;&nbsp;306039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39332132 |
| Occidental Petroleum Corp.<br>| &nbsp;&nbsp;&nbsp;500421 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32422277 |
| Phillips 66<br>| &nbsp;&nbsp;&nbsp;265417 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26613363 |
| Schlumberger Ltd.<br>| &nbsp;&nbsp;&nbsp;621587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35418027 |
| Valero Energy Corp.<br>| &nbsp;&nbsp;&nbsp;233168 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32650515 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;628767369 |
| **Financials-2.02%** | **Financials-2.02%** | **Financials-2.02%** |
| American International Group, Inc.<br>| &nbsp;&nbsp;&nbsp;333832 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21104859 |
| Ameriprise Financial, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;75274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26354933 |
| MarketAxess Holdings, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;16560 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6025356 |
| Principal Financial Group, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;132259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12240570 |
| T. Rowe Price Group, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;99463 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11584456 |
| Willis Towers Watson PLC<br>| &nbsp;&nbsp;&nbsp;&nbsp;46394 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11792891 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89103065 |
| **Health Care-13.82%** | **Health Care-13.82%** | **Health Care-13.82%** |
| Abbott Laboratories<br>| &nbsp;&nbsp;&nbsp;802995 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88771097 |
| AbbVie, Inc.<br>| &nbsp;&nbsp;&nbsp;863855 | &nbsp;&nbsp;&nbsp;&nbsp;127634576 |
| Amgen, Inc.<br>| &nbsp;&nbsp;&nbsp;239625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60481350 |
| Biogen, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;70939 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20636155 |
| Bristol-Myers Squibb Co.<br>| &nbsp;&nbsp;&nbsp;957748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69580392 |
| Eli Lilly and Co.<br>| &nbsp;&nbsp;&nbsp;353293 | &nbsp;&nbsp;&nbsp;&nbsp;121585786 |
| IDEXX Laboratories, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;51524 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24757282 |
| Quest Diagnostics, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;49596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7364014 |
| Teleflex, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;19742 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4805598 |
| Vertex Pharmaceuticals, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;110224 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35613374 |
| Waters Corp.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;39868 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13099828 |
| Zoetis, Inc.<br>| &nbsp;&nbsp;&nbsp;217760 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36037103 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;610366555 |
| **Industrials-7.05%** | **Industrials-7.05%** | **Industrials-7.05%** |
| 3M Co.<br>| &nbsp;&nbsp;&nbsp;260983 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30033924 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Industrials-(continued)** | **Industrials-(continued)** | **Industrials-(continued)** |
| A.O. Smith Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;56434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3820582 |
| Allegion PLC<br>| &nbsp;&nbsp;&nbsp;&nbsp;38016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4468781 |
| Carrier Global Corp.<br>| &nbsp;&nbsp;&nbsp;428569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19512746 |
| Cintas Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;38623 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17138570 |
| Expeditors International of Washington, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;78623 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8503077 |
| Fastenal Co.<br>| &nbsp;&nbsp;&nbsp;254785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12879382 |
| Illinois Tool Works, Inc.<br>| &nbsp;&nbsp;&nbsp;152598 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36019232 |
| Ingersoll Rand, Inc.<br>| &nbsp;&nbsp;&nbsp;184197 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10315032 |
| L3Harris Technologies, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;80533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17300099 |
| Nordson Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;23966 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5830928 |
| Northrop Grumman Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;62831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28150801 |
| Old Dominion Freight Line, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;45404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15130429 |
| Robert Half International, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;59565 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5001077 |
| Rollins, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;99062 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3605857 |
| United Parcel Service, Inc., Class B<br>| &nbsp;&nbsp;&nbsp;364945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67598762 |
| Verisk Analytics, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;70605 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12835283 |
| W.W. Grainger, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;22137 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13049319 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;311193881 |
| **Information Technology-39.25%** | **Information Technology-39.25%** | **Information Technology-39.25%** |
| Accenture PLC, Class A<br>| &nbsp;&nbsp;&nbsp;285313 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79616593 |
| Apple, Inc.<br>| 1515433 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218661828 |
| Applied Materials, Inc.<br>| &nbsp;&nbsp;&nbsp;435518 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48555902 |
| Automatic Data Processing, Inc.<br>| &nbsp;&nbsp;&nbsp;327185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73881645 |
| Broadcom, Inc.<br>| &nbsp;&nbsp;&nbsp;216624 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126727206 |
| Cadence Design Systems, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;135298 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24736533 |
| Cisco Systems, Inc.<br>| 1929908 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93928622 |
| Corning, Inc.<br>| &nbsp;&nbsp;&nbsp;344580 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11925914 |
| Jack Henry & Associates, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;34756 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6259208 |
| Keysight Technologies, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;78522 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14082921 |
| KLA Corp.<br>| &nbsp;&nbsp;&nbsp;100287 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39360642 |
| Lam Research Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;81835 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40925683 |
| Mastercard, Inc., Class A<br>| &nbsp;&nbsp;&nbsp;614710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;227811526 |
| Microchip Technology, Inc.<br>| &nbsp;&nbsp;&nbsp;270500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20996210 |
| Microsoft Corp.<br>| &nbsp;&nbsp;&nbsp;873852 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;216549264 |
| NetApp, Inc.<br>| &nbsp;&nbsp;&nbsp;137915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9134110 |
| NXP Semiconductors N.V. (China)<br>| &nbsp;&nbsp;&nbsp;122397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22558991 |
| ON Semiconductor Corp.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;194506 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14286466 |
| Paychex, Inc.<br>| &nbsp;&nbsp;&nbsp;155940 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18067208 |
| Paycom Software, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;22981 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7444465 |
| QUALCOMM, Inc.<br>| &nbsp;&nbsp;&nbsp;629947 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83915240 |
| Roper Technologies, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;48904 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20869782 |
| Synopsys, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;67990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24051463 |
| Teradyne, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;85178 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8662603 |
| Texas Instruments, Inc.<br>| &nbsp;&nbsp;&nbsp;411683 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72954344 |
| Visa, Inc., Class A<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;902075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;207666686 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1733631055 |
| **Materials-4.18%** | **Materials-4.18%** | **Materials-4.18%** |
| CF Industries Holdings, Inc.<br>| &nbsp;&nbsp;&nbsp;144900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12273030 |
| DuPont de Nemours, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;232264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17175923 |
| Eastman Chemical Co.<br>| &nbsp;&nbsp;&nbsp;&nbsp;55718 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4912656 |
| Freeport-McMoRan, Inc.<br>| &nbsp;&nbsp;&nbsp;654679 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29211777 |
| International Paper Co.<br>| &nbsp;&nbsp;&nbsp;181098 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7573519 |
| Linde PLC (United Kingdom)<br>| &nbsp;&nbsp;&nbsp;228768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75708482 |
| LyondellBasell Industries N.V., Class A<br>| &nbsp;&nbsp;&nbsp;117870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11396850 |
| Mosaic Co. (The)<br>| &nbsp;&nbsp;&nbsp;171095 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8476046 |
| Newmont Corp.<br>| &nbsp;&nbsp;&nbsp;338668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17925697 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184653980 |
| **Real Estate-0.71%** | **Real Estate-0.71%** | **Real Estate-0.71%** |
| Public Storage<br>| &nbsp;&nbsp;&nbsp;103369 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31459321 |

---

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

------

### Invesco S&P 500<sup>®</sup> Quality ETF (SPHQ)—(continued)<br>
January 31, 2023

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Utilities-0.21%** | **Utilities-0.21%** | **Utilities-0.21%** |
| PPL Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;315583 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9341257 |
| TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-99.95%<br>(Cost $4,084,137,337) | TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-99.95%<br>(Cost $4,084,137,337) | &nbsp;&nbsp;4414636579 |
| **Investments Purchased with Cash Collateral from Securities on Loan** | **Investments Purchased with Cash Collateral from Securities on Loan** | **Investments Purchased with Cash Collateral from Securities on Loan** |
| **Money Market Funds-4.14%** | **Money Market Funds-4.14%** | **Money Market Funds-4.14%** |
| Invesco Private Government Fund, 4.36%<sup>(d)(e)(f)</sup><br>| 51136799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51136799 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Money Market Funds-(continued)** | **Money Market Funds-(continued)** | **Money Market Funds-(continued)** |
| Invesco Private Prime Fund, 4.59%<sup>(d)(e)(f)</sup><br>| 131487609 | &nbsp;&nbsp;&nbsp;$131527053 |
| &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $182,660,936) | &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $182,660,936) | &nbsp;&nbsp;&nbsp;&nbsp;182663852 |
| TOTAL INVESTMENTS IN SECURITIES-104.09%<br>(Cost $4,266,798,273) | TOTAL INVESTMENTS IN SECURITIES-104.09%<br>(Cost $4,266,798,273) | &nbsp;&nbsp;4597300431 |
| OTHER ASSETS LESS LIABILITIES-(4.09)% | OTHER ASSETS LESS LIABILITIES-(4.09)% | &nbsp;&nbsp;&nbsp;&nbsp;(180567981) |
| NET ASSETS-100.00% | NET ASSETS-100.00% | $4416732450 |

---

---

| | |
|:---|:---|
| 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 January 31, 2023. |
| <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 nine months ended January 31, 2023. |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Value<br> April 30, 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> January 31, 2023** | &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;&nbsp;&nbsp;&nbsp;$61264847 | &nbsp;&nbsp;&nbsp;&nbsp;$(61264847) | &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;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;$28338 |
| &nbsp;&nbsp;**Investments Purchased with Cash Collateral from Securities on Loan:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Invesco Private Government Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70708076 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;377288985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(396860262) | &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;51136799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;955,819\* |
| &nbsp;&nbsp;Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp;&nbsp;164924660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;763093172 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(796518889) | &nbsp;&nbsp;&nbsp;&nbsp;(10967) | &nbsp;&nbsp;&nbsp;&nbsp;39077 | &nbsp;&nbsp;&nbsp;&nbsp;131527053 | &nbsp;&nbsp;&nbsp;&nbsp;2,589,384\* |
| &nbsp;&nbsp;Total | &nbsp;&nbsp;&nbsp;$235632736 | &nbsp;&nbsp;&nbsp;$1201647004 | &nbsp;&nbsp;&nbsp;$(1254643998) | &nbsp;&nbsp;&nbsp;$(10967) | &nbsp;&nbsp;&nbsp;$39077 | &nbsp;&nbsp;&nbsp;$182663852 | &nbsp;&nbsp;&nbsp;$3573541 |

---

\* 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 January 31, 2023. <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 S&P Spin-Off ETF (CSD)
January 31, 2023

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Common Stocks & Other Equity Interests-100.00%** | **Common Stocks & Other Equity Interests-100.00%** | **Common Stocks & Other Equity Interests-100.00%** |
| **Communication Services-2.60%** | **Communication Services-2.60%** | **Communication Services-2.60%** |
| Madison Square Garden Entertainment Corp.<sup>(a)(b)</sup><br>| &nbsp;&nbsp;15294 | &nbsp;&nbsp;&nbsp;&nbsp;$799723 |
| Vimeo, Inc.<sup>(a)(b)</sup><br>| 158259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;718496 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1518219 |
| **Consumer Discretionary-6.53%** | **Consumer Discretionary-6.53%** | **Consumer Discretionary-6.53%** |
| Kontoor Brands, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;44148 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2108509 |
| Victoria's Secret & Co.<sup>(a)(b)</sup><br>| &nbsp;&nbsp;40256 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1696790 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3805299 |
| **Energy-4.29%** | **Energy-4.29%** | **Energy-4.29%** |
| DT Midstream, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;45702 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2498071 |
| **Health Care-13.49%** | **Health Care-13.49%** | **Health Care-13.49%** |
| Embecta Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;77532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2046069 |
| Enhabit, Inc.<sup>(a)</sup><br>| &nbsp;&nbsp;44567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;684549 |
| GE HealthCare Technologies, Inc.<sup>(a)</sup><br>| &nbsp;&nbsp;38457 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2673531 |
| Organon & Co.<br>| &nbsp;&nbsp;81567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2457614 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7861763 |
| **Industrials-32.86%** | **Industrials-32.86%** | **Industrials-32.86%** |
| Carrier Global Corp.<br>| &nbsp;&nbsp;86074 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3918949 |
| Esab Corp.<br>| &nbsp;&nbsp;24796 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1433457 |
| GXO Logistics, Inc.<sup>(a)(b)</sup><br>| &nbsp;&nbsp;51051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2671499 |
| IAA, Inc.<sup>(a)</sup><br>| &nbsp;&nbsp;64072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2673724 |
| MasterBrand, Inc.<sup>(a)</sup><br>| 124428 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1144737 |
| Otis Worldwide Corp.<br>| &nbsp;&nbsp;46125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3792859 |
| RXO, Inc.<sup>(a)</sup><br>| &nbsp;&nbsp;60355 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1105704 |
| U-Haul Holding Co., Series N<sup>(b)</sup><br>| &nbsp;&nbsp;38919 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2404805 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;19145734 |
| **Information Technology-13.06%** | **Information Technology-13.06%** | **Information Technology-13.06%** |
| Concentrix Corp.<br>| &nbsp;&nbsp;17985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2550453 |
| Consensus Cloud Solutions, Inc.<sup>(a)</sup><br>| &nbsp;&nbsp;16380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;962653 |
| Kyndryl Holdings, Inc.<sup>(a)</sup><br>| 144236 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1931320 |
| Vontier Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;93997 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2164751 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7609177 |
| **Materials-13.80%** | **Materials-13.80%** | **Materials-13.80%** |
| Corteva, Inc.<br>| &nbsp;&nbsp;59060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3806417 |
| Dow, Inc.<br>| &nbsp;&nbsp;71374 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4236047 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8042464 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Real Estate-6.47%** | **Real Estate-6.47%** | **Real Estate-6.47%** |
| Apartment Income REIT Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;85468 | &nbsp;&nbsp;&nbsp;$3270006 |
| Orion Office REIT, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;51659 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;498509 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3768515 |
| **Utilities-6.90%** | **Utilities-6.90%** | **Utilities-6.90%** |
| Constellation Energy Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;47090 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4019603 |
| &nbsp;&nbsp;&nbsp;Total Common Stocks & Other Equity Interests<br>(Cost $47,808,112) | &nbsp;&nbsp;&nbsp;Total Common Stocks & Other Equity Interests<br>(Cost $47,808,112) | &nbsp;&nbsp;&nbsp;58268845 |
| **Money Market Funds-0.16%** | **Money Market Funds-0.16%** | **Money Market Funds-0.16%** |
| Invesco Government & Agency Portfolio, Institutional Class, 4.30%<sup>(c)(d)</sup><br>(Cost $91,343)<br>| &nbsp;&nbsp;&nbsp;&nbsp;91343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91343 |
| TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-100.16%<br>(Cost $47,899,455) | TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-100.16%<br>(Cost $47,899,455) | &nbsp;&nbsp;&nbsp;58360188 |
| **Investments Purchased with Cash Collateral from Securities on Loan** | **Investments Purchased with Cash Collateral from Securities on Loan** | **Investments Purchased with Cash Collateral from Securities on Loan** |
| **Money Market Funds-18.03%** | **Money Market Funds-18.03%** | **Money Market Funds-18.03%** |
| Invesco Private Government Fund, 4.36%<sup>(c)(d)(e)</sup><br>| 2941536 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2941536 |
| Invesco Private Prime Fund, 4.59%<sup>(c)(d)(e)</sup><br>| 7562782 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7565051 |
| &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $10,506,574) | &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $10,506,574) | &nbsp;&nbsp;&nbsp;10506587 |
| TOTAL INVESTMENTS IN SECURITIES-118.19%<br>(Cost $58,406,029) | TOTAL INVESTMENTS IN SECURITIES-118.19%<br>(Cost $58,406,029) | &nbsp;&nbsp;&nbsp;68866775 |
| OTHER ASSETS LESS LIABILITIES-(18.19)% | OTHER ASSETS LESS LIABILITIES-(18.19)% | &nbsp;&nbsp;(10599919) |
| NET ASSETS-100.00% | NET ASSETS-100.00% | $58266856 |

---

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

---

| | |
|:---|:---|
| Notes to Schedule of Investments: | Notes to Schedule of Investments: |
| <sup>(a)</sup> | Non-income producing security. |
| <sup>(b)</sup> | All or a portion of this security was out on loan at January 31, 2023. |
| <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 nine months ended January 31, 2023. |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Value<br> April 30, 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> January 31, 2023** | &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;$45749 | &nbsp;&nbsp;&nbsp;$2320301 | &nbsp;&nbsp;&nbsp;$(2274707) | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$91343 | &nbsp;&nbsp;&nbsp;&nbsp;$2166 |

---

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

------

### Invesco S&P Spin-Off ETF (CSD)—(continued)<br>
January 31, 2023

(Unaudited)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Value<br> April 30, 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> January 31, 2023** | &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;$2332430 | &nbsp;&nbsp;&nbsp;$19977375 | &nbsp;&nbsp;&nbsp;$(19368269) | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$2941536 | &nbsp;&nbsp;&nbsp;$41,770\* |
| &nbsp;&nbsp;Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8088332 | &nbsp;&nbsp;&nbsp;&nbsp;43328995 | &nbsp;&nbsp;&nbsp;&nbsp;(43854147) | &nbsp;&nbsp;&nbsp;&nbsp;12 | &nbsp;&nbsp;&nbsp;&nbsp;1859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7565051 | &nbsp;&nbsp;&nbsp;&nbsp;113,646\* |
| &nbsp;&nbsp;Total | &nbsp;&nbsp;&nbsp;$10466511 | &nbsp;&nbsp;&nbsp;$65626671 | &nbsp;&nbsp;&nbsp;$(65497123) | &nbsp;&nbsp;&nbsp;$12 | &nbsp;&nbsp;&nbsp;$1859 | &nbsp;&nbsp;&nbsp;$10597930 | &nbsp;&nbsp;&nbsp;$157582 |

---

\* 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 January 31, 2023. <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 Water Resources ETF (PHO)
January 31, 2023

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Common Stocks & Other Equity Interests-99.94%** | **Common Stocks & Other Equity Interests-99.94%** | **Common Stocks & Other Equity Interests-99.94%** |
| **Building Products-10.72%** | **Building Products-10.72%** | **Building Products-10.72%** |
| A.O. Smith Corp.<br>| 1154836 | &nbsp;&nbsp;$78182397 |
| Advanced Drainage Systems, Inc.<br>| &nbsp;&nbsp;&nbsp;721217 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72727523 |
| Zurn Elkay Water Solutions Corp.<sup>(b)</sup><br>| 1899535 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41523835 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;192433755 |
| **Chemicals-8.07%** | **Chemicals-8.07%** | **Chemicals-8.07%** |
| Ecolab, Inc.<br>| &nbsp;&nbsp;&nbsp;936320 | &nbsp;&nbsp;&nbsp;&nbsp;144970426 |
| **Commercial Services & Supplies-2.96%** | **Commercial Services & Supplies-2.96%** | **Commercial Services & Supplies-2.96%** |
| Tetra Tech, Inc.<br>| &nbsp;&nbsp;&nbsp;341707 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53142273 |
| **Construction & Engineering-3.29%** | **Construction & Engineering-3.29%** | **Construction & Engineering-3.29%** |
| Northwest Pipe Co.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;67836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2537066 |
| Stantec, Inc. (Canada)<br>| &nbsp;&nbsp;&nbsp;115122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6004764 |
| Valmont Industries, Inc.<br>| &nbsp;&nbsp;&nbsp;153262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50535079 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59076909 |
| **Electronic Equipment, Instruments & Components-2.54%** | **Electronic Equipment, Instruments & Components-2.54%** | **Electronic Equipment, Instruments & Components-2.54%** |
| Badger Meter, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;186560 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21622304 |
| Itron, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;418712 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24063379 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45685683 |
| **Life Sciences Tools & Services-11.26%** | **Life Sciences Tools & Services-11.26%** | **Life Sciences Tools & Services-11.26%** |
| Danaher Corp.<br>| &nbsp;&nbsp;&nbsp;513117 | &nbsp;&nbsp;&nbsp;&nbsp;135657872 |
| Waters Corp.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;202417 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66510178 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;202168050 |
| **Machinery-25.20%** | **Machinery-25.20%** | **Machinery-25.20%** |
| Energy Recovery, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;734289 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16249815 |
| Evoqua Water Technologies Corp.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;801916 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38900945 |
| Franklin Electric Co., Inc.<br>| &nbsp;&nbsp;&nbsp;250519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22621866 |
| Gorman-Rupp Co. (The)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;113138 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3250455 |
| IDEX Corp.<br>| &nbsp;&nbsp;&nbsp;295432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70809142 |
| Lindsay Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;78000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12216360 |
| Mueller Industries, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;404877 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26539687 |
| Mueller Water Products, Inc., Class A<br>| 1379485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17450485 |
| Pentair PLC<sup>(b)</sup><br>| 1532555 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84872896 |
| Toro Co. (The)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;632179 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70500602 |
| Watts Water Technologies, Inc., Class A<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;148780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24328506 |
| Xylem, Inc.<br>| &nbsp;&nbsp;&nbsp;624402 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64944052 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;452684811 |
| **Software-7.60%** | **Software-7.60%** | **Software-7.60%** |
| Roper Technologies, Inc.<br>| &nbsp;&nbsp;&nbsp;319644 | &nbsp;&nbsp;&nbsp;&nbsp;136408077 |
| **Trading Companies & Distributors-9.48%** | **Trading Companies & Distributors-9.48%** | **Trading Companies & Distributors-9.48%** |
| Ferguson PLC<sup>(b)</sup><br>| 1196713 | &nbsp;&nbsp;&nbsp;&nbsp;170340128 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Water Utilities-18.82%** | **Water Utilities-18.82%** | **Water Utilities-18.82%** |
| American States Water Co.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;256603 | &nbsp;&nbsp;&nbsp;&nbsp;$24164304 |
| American Water Works Co., Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;874736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136887437 |
| Artesian Resources Corp., Class A<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64553 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3802172 |
| California Water Service Group<br>| &nbsp;&nbsp;&nbsp;&nbsp;352910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21587505 |
| Cia de Saneamento Basico do Estado de Sao Paulo, ADR (Brazil)<sup>(b)</sup><br>| &nbsp;&nbsp;4921123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54181564 |
| Essential Utilities, Inc.<br>| &nbsp;&nbsp;1454089 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67949579 |
| Global Water Resources, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37928 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;539715 |
| Middlesex Water Co.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;133127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11164030 |
| SJW Group<br>| &nbsp;&nbsp;&nbsp;&nbsp;178518 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13819078 |
| York Water Co. (The)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3913927 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;338009311 |
| &nbsp;&nbsp;&nbsp;Total Common Stocks & Other Equity Interests<br>(Cost $1,492,366,941) | &nbsp;&nbsp;&nbsp;Total Common Stocks & Other Equity Interests<br>(Cost $1,492,366,941) | &nbsp;&nbsp;1794919423 |
| **Money Market Funds-0.10%** | **Money Market Funds-0.10%** | **Money Market Funds-0.10%** |
| Invesco Government & Agency Portfolio, Institutional Class, 4.30%<sup>(d)(e)</sup><br>(Cost $1,862,798)<br>| &nbsp;&nbsp;1862798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1862798 |
| TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-100.04%<br>(Cost $1,494,229,739) | TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-100.04%<br>(Cost $1,494,229,739) | &nbsp;&nbsp;1796782221 |
| **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-2.96%** | **Money Market Funds-2.96%** | **Money Market Funds-2.96%** |
| Invesco Private Government Fund, 4.36%<sup>(d)(e)(f)</sup><br>| 14884026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14884026 |
| Invesco Private Prime Fund, 4.59%<sup>(d)(e)(f)</sup><br>| 38266574 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38278054 |
| &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $53,160,851) | &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $53,160,851) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53162080 |
| TOTAL INVESTMENTS IN SECURITIES-103.00%<br>(Cost $1,547,390,590) | TOTAL INVESTMENTS IN SECURITIES-103.00%<br>(Cost $1,547,390,590) | &nbsp;&nbsp;1849944301 |
| OTHER ASSETS LESS LIABILITIES-(3.00)% | OTHER ASSETS LESS LIABILITIES-(3.00)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(53856621) |
| NET ASSETS-100.00% | NET ASSETS-100.00% | $1796087680 |

---

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

------

### Invesco Water Resources ETF (PHO)—(continued)<br>
January 31, 2023

(Unaudited)

Investment Abbreviations: <br> ADR -American Depositary Receipt

---

| | |
|:---|:---|
| 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 January 31, 2023. |
| <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 nine months ended January 31, 2023. |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Value<br> April 30, 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> January 31, 2023** | &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;$2036333 | &nbsp;&nbsp;&nbsp;$20339109 | &nbsp;&nbsp;&nbsp;$(20512644) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$1862798 | &nbsp;&nbsp;&nbsp;&nbsp;$24358 |
| &nbsp;&nbsp;**Investments Purchased with Cash Collateral from Securities on Loan:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Invesco Private Government Fund | &nbsp;&nbsp;&nbsp;&nbsp;14403192 | &nbsp;&nbsp;&nbsp;&nbsp;216999725 | &nbsp;&nbsp;&nbsp;&nbsp;(216518891) | &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;14884026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;451,919\* |
| &nbsp;&nbsp;Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp;&nbsp;32750005 | &nbsp;&nbsp;&nbsp;&nbsp;513816354 | &nbsp;&nbsp;&nbsp;&nbsp;(508305185) | &nbsp;&nbsp;&nbsp;&nbsp;1229 | &nbsp;&nbsp;&nbsp;&nbsp;15651 | &nbsp;&nbsp;&nbsp;&nbsp;38278054 | &nbsp;&nbsp;&nbsp;&nbsp;1,238,199\* |
| &nbsp;&nbsp;Total | &nbsp;&nbsp;&nbsp;$49189530 | &nbsp;&nbsp;&nbsp;$751155188 | &nbsp;&nbsp;&nbsp;$(745336720) | &nbsp;&nbsp;&nbsp;$1229 | &nbsp;&nbsp;&nbsp;$15651 | &nbsp;&nbsp;&nbsp;$55024878 | &nbsp;&nbsp;&nbsp;$1714476 |

---

\* 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 January 31, 2023. <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 WilderHill Clean Energy ETF (PBW)
January 31, 2023

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Common Stocks & Other Equity Interests-99.95%** | **Common Stocks & Other Equity Interests-99.95%** | **Common Stocks & Other Equity Interests-99.95%** |
| **Aerospace & Defense-3.72%** | **Aerospace & Defense-3.72%** | **Aerospace & Defense-3.72%** |
| Archer Aviation, Inc., Class A<sup>(b)</sup><br>| 5332275 | &nbsp;&nbsp;$15463597 |
| Lilium N.V. (Germany)<sup>(b)(c)</sup><br>| 8795970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11258842 |
| Vertical Aerospace Ltd. (United Kingdom)<sup>(b)(c)</sup><br>| 3044765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6302664 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33025103 |
| **Airlines-1.45%** | **Airlines-1.45%** | **Airlines-1.45%** |
| Joby Aviation, Inc.<sup>(b)(c)</sup><br>| 2907131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12849519 |
| **Auto Components-4.62%** | **Auto Components-4.62%** | **Auto Components-4.62%** |
| Gentherm, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;152440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11346109 |
| QuantumScape Corp.<sup>(b)(c)</sup><br>| 1796537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15288530 |
| Solid Power, Inc.<sup>(b)(c)</sup><br>| 4305747 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14424253 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41058892 |
| **Automobiles-12.04%** | **Automobiles-12.04%** | **Automobiles-12.04%** |
| Fisker, Inc.<sup>(b)(c)</sup><br>| 1435711 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10696047 |
| Gogoro, Inc. (Taiwan)<sup>(b)(c)</sup><br>| 3220804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15137779 |
| Lordstown Motors Corp., Class A<sup>(b)(c)</sup><br>| 8982695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11767330 |
| NIO, Inc., ADR (China)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;897486 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10832656 |
| Polestar Automotive Holding UK PLC, ADR (Hong Kong)<sup>(b)(c)</sup><br>| 2251881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12610533 |
| Rivian Automotive, Inc., Class A<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;495474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9612196 |
| Tesla, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;75740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13119683 |
| Workhorse Group, Inc.<sup>(b)(c)</sup><br>| 6023091 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13311031 |
| Xpeng, Inc., ADR (China)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;922106 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9811208 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;106898463 |
| **Chemicals-4.23%** | **Chemicals-4.23%** | **Chemicals-4.23%** |
| Albemarle Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;44792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12606708 |
| Livent Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;498556 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12922572 |
| Sociedad Quimica y Minera de Chile S.A., ADR (Chile)<br>| &nbsp;&nbsp;&nbsp;123547 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12050774 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37580054 |
| **Commercial Services & Supplies-1.24%** | **Commercial Services & Supplies-1.24%** | **Commercial Services & Supplies-1.24%** |
| Li-Cycle Holdings Corp. (Canada)<sup>(b)(c)</sup><br>| 2025841 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11020575 |
| **Construction & Engineering-5.42%** | **Construction & Engineering-5.42%** | **Construction & Engineering-5.42%** |
| Ameresco, Inc., Class A<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;182021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11734894 |
| MYR Group, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;122365 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12121477 |
| Quanta Services, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;75005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11415011 |
| ReneSola Ltd., ADR (China)<sup>(b)(c)</sup><br>| 2540023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12852516 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48123898 |
| **Electrical Equipment-28.79%** | **Electrical Equipment-28.79%** | **Electrical Equipment-28.79%** |
| American Superconductor Corp.<sup>(b)</sup><br>| 1015597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5514692 |
| Array Technologies, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;521445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11591722 |
| Ballard Power Systems, Inc. (Canada)<sup>(b)(c)</sup><br>| 1994433 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13023647 |
| Beam Global<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;232641 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4050280 |
| Blink Charging Co.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;902264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12279813 |
| Bloom Energy Corp., Class A<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;502519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12527799 |
| ChargePoint Holdings, Inc.<sup>(b)(c)</sup><br>| 1134187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13769030 |
| Energy Vault Holdings, Inc.<sup>(b)(c)</sup><br>| 4360727 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18489482 |
| Enovix Corp.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;935370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7426838 |
| ESS Tech, Inc.<sup>(b)(c)</sup><br>| 4305747 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9515701 |
| Fluence Energy, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;547548 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13217809 |
| FTC Solar, Inc.<sup>(b)(c)</sup><br>| 4318033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11874591 |
| FuelCell Energy, Inc.<sup>(b)</sup><br>| 3811586 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13950405 |
| Plug Power, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;786807 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13391455 |
| SES AI Corp.<sup>(b)(c)</sup><br>| 2951808 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9740966 |
| Shoals Technologies Group, Inc., Class A<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;420370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11724119 |
| Stem, Inc.<sup>(b)</sup><br>| 1079427 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10643150 |
| SunPower Corp.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;543728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9477179 |
| Sunrun, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;401702 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10556729 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Electrical Equipment-(continued)** | **Electrical Equipment-(continued)** | **Electrical Equipment-(continued)** |
| TPI Composites, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;1151481 | &nbsp;&nbsp;$15026827 |
| Tritium DCFC Ltd. (Australia)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;7680058 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10291278 |
| Wallbox N.V. (Spain)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;3146119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17586805 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;255670317 |
| **Electronic Equipment, Instruments & Components-2.58%** | **Electronic Equipment, Instruments & Components-2.58%** | **Electronic Equipment, Instruments & Components-2.58%** |
| Advanced Energy Industries, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;118466 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10986537 |
| Itron, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;208210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11965829 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22952366 |
| **Independent Power and Renewable Electricity Producers-7.78%** | **Independent Power and Renewable Electricity Producers-7.78%** | **Independent Power and Renewable Electricity Producers-7.78%** |
| Altus Power, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;1660780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13319456 |
| Azure Power Global Ltd. (India)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;2277268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9245708 |
| Brookfield Renewable Corp., Class A<br>| &nbsp;&nbsp;&nbsp;&nbsp;377327 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11893347 |
| Ormat Technologies, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;126769 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11732471 |
| ReNew Energy Global PLC, Class A (India)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;2024905 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12149430 |
| Sunnova Energy International, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;554200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10795816 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69136228 |
| **Machinery-4.35%** | **Machinery-4.35%** | **Machinery-4.35%** |
| ESCO Technologies, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;113751 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11197649 |
| Hyzon Motors, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;6639525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14142188 |
| Lion Electric Co. (The) (Canada)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;5082892 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13317177 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38657014 |
| **Metals & Mining-8.68%** | **Metals & Mining-8.68%** | **Metals & Mining-8.68%** |
| 5E Advanced Materials, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;1384454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13636872 |
| Lithium Americas Corp. (Canada)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;493829 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12459306 |
| MP Materials Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;358577 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11657338 |
| Piedmont Lithium, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;225392 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15470907 |
| Sigma Lithium Corp. (Brazil)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;330780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10088790 |
| Standard Lithium Ltd. (Canada)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;3138537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13778177 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77091390 |
| **Oil, Gas & Consumable Fuels-1.01%** | **Oil, Gas & Consumable Fuels-1.01%** | **Oil, Gas & Consumable Fuels-1.01%** |
| Gevo, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;4240926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8990763 |
| **Semiconductors & Semiconductor Equipment-12.12%** | **Semiconductors & Semiconductor Equipment-12.12%** | **Semiconductors & Semiconductor Equipment-12.12%** |
| Canadian Solar, Inc. (Canada)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;333535 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14031817 |
| Enphase Energy, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7184888 |
| First Solar, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12303240 |
| JinkoSolar Holding Co. Ltd., ADR (China)<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;229212 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12922973 |
| Maxeon Solar Technologies Ltd.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;566170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12433093 |
| Navitas Semiconductor Corp.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;2973730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14749701 |
| SolarEdge Technologies, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31867 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10169716 |
| Universal Display Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98361 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13035783 |
| Wolfspeed, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;140343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10807814 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;107639025 |
| **Specialty Retail-1.92%** | **Specialty Retail-1.92%** | **Specialty Retail-1.92%** |
| EVgo, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;2478116 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17074219 |
| TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-99.95%<br>(Cost $1,468,113,571) | TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-99.95%<br>(Cost $1,468,113,571) | &nbsp;&nbsp;887767826 |
| **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-29.18%** | **Money Market Funds-29.18%** | **Money Market Funds-29.18%** |
| Invesco Private Government Fund, 4.36%<sup>(d)(e)(f)</sup><br>| 71750984 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71750984 |

---

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

------

### Invesco WilderHill Clean Energy ETF (PBW)—(continued)<br>
January 31, 2023

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Money Market Funds-(continued)** | **Money Market Funds-(continued)** | **Money Market Funds-(continued)** |
| Invesco Private Prime Fund, 4.59%<sup>(d)(e)(f)</sup><br>| 187364647 | &nbsp;&nbsp;&nbsp;$187420854 |
| &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $259,158,827) | &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $259,158,827) | &nbsp;&nbsp;&nbsp;&nbsp;259171838 |
| TOTAL INVESTMENTS IN SECURITIES-129.13%<br>(Cost $1,727,272,398) | TOTAL INVESTMENTS IN SECURITIES-129.13%<br>(Cost $1,727,272,398) | &nbsp;&nbsp;1146939664 |
| OTHER ASSETS LESS LIABILITIES-(29.13)% | OTHER ASSETS LESS LIABILITIES-(29.13)% | &nbsp;&nbsp;&nbsp;&nbsp;(258709879) |
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp;&nbsp;$888229785 |

---

Investment Abbreviations: <br> ADR -American Depositary Receipt

---

| | |
|:---|:---|
| 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> | Non-income producing security. |
| <sup>(c)</sup> | All or a portion of this security was out on loan at January 31, 2023. |
| <sup>(d)</sup> | Affiliated issuer. The issuer is affiliated by having an investment adviser that is under common control of Invesco Ltd. and/or is an "affiliated person" under the Investment Company Act of 1940, as amended (the "1940 Act"), which defines "affiliated person" to include an issuer of which a fund holds 5% or more of the outstanding voting securities. For the Investments in Other Affiliates below, the Fund has not owned enough of the outstanding voting securities of the issuer to have control (as defined in the 1940 Act) of that issuer. The table below shows the Fund's transactions in, and earnings from, its investments in affiliates for the nine months ended January 31, 2023. |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Value<br> April 30, 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<br> (Loss)** | &nbsp;&nbsp;&nbsp;**Value<br> January 31, 2023** | &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;&nbsp;&nbsp;&nbsp;$43577097 | &nbsp;&nbsp;&nbsp;&nbsp;$(43577097) | &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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;$15703 |
| &nbsp;&nbsp;**Investments Purchased with Cash Collateral from Securities on Loan:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Invesco Private Government Fund | &nbsp;&nbsp;&nbsp;&nbsp;104086434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;339837007 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(372172457) | &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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71750984 | &nbsp;&nbsp;&nbsp;&nbsp;1,457,454\* |
| &nbsp;&nbsp;Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp;&nbsp;246283566 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;763269673 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(822203002) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(20361) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90978 | &nbsp;&nbsp;&nbsp;&nbsp;187420854 | &nbsp;&nbsp;&nbsp;&nbsp;4,031,608\* |
| &nbsp;&nbsp;**Investments in Other Affiliates:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;American Superconductor Corp.\*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10901875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7884174 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12624783) | &nbsp;&nbsp;&nbsp;&nbsp;16714339 | &nbsp;&nbsp;&nbsp;&nbsp;(17360913) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5514692 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- |
| &nbsp;&nbsp;Arcimoto, Inc.\*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8451757 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7103905 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8233695) | &nbsp;&nbsp;&nbsp;&nbsp;23512604 | &nbsp;&nbsp;&nbsp;&nbsp;(30834571) | &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;&nbsp;&nbsp;&nbsp;&nbsp;- |
| &nbsp;&nbsp;ElectraMeccanica Vehicles Corp.\*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12798781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7149251 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13620459) | &nbsp;&nbsp;&nbsp;&nbsp;31973102 | &nbsp;&nbsp;&nbsp;&nbsp;(38300675) | &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;&nbsp;&nbsp;&nbsp;&nbsp;- |
| &nbsp;&nbsp;Total | &nbsp;&nbsp;&nbsp;$382522413 | &nbsp;&nbsp;&nbsp;$1168821107 | &nbsp;&nbsp;&nbsp;$(1272431493) | &nbsp;&nbsp;&nbsp;$72179684 | &nbsp;&nbsp;&nbsp;$(86405181) | &nbsp;&nbsp;&nbsp;$264686530 | &nbsp;&nbsp;&nbsp;$5504765 |

---

\* 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. <br> \*\* As of January 31, 2023, this security was not considered as an affiliate of the Fund.

<sup>(e)</sup> The rate shown is the 7-day SEC standardized yield as of January 31, 2023. <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.

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

------

January 31, 2023

(Unaudited)

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
January 31, 2023

(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 January 31, 2023, for each Fund (except for S&P 500 BuyWrite ETF). As of January 31, 2023, all of the securities in S&P 500 BuyWrite ETF were valued based on Level 1 inputs (see the Schedules of Investments for security categories). The value of options held in S&P 500 BuyWrite ETF was based on Level 1 inputs.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 Aerospace & Defense ETF |  |  |  |  |
| &nbsp;&nbsp;**Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp;$1750420022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$1750420022 |
| &nbsp;&nbsp;&nbsp;Money Market Funds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;995366 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74643849 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75639215 |
| &nbsp;&nbsp;&nbsp;**Total Investments** | &nbsp;&nbsp;&nbsp;$1751415388 | &nbsp;&nbsp;&nbsp;$74643849 | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$1826059237 |
| &nbsp;&nbsp;Invesco DWA Momentum ETF |  |  |  |  |
| &nbsp;&nbsp;**Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp;$1075482025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$1075482025 |
| &nbsp;&nbsp;&nbsp;Money Market Funds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;940736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57019302 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57960038 |
| &nbsp;&nbsp;&nbsp;**Total Investments** | &nbsp;&nbsp;&nbsp;$1076422761 | &nbsp;&nbsp;&nbsp;$57019302 | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$1133442063 |
| &nbsp;&nbsp;Invesco Global Listed Private Equity ETF |  |  |  |  |
| &nbsp;&nbsp;**Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp;$178563462 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$178563462 |
| &nbsp;&nbsp;&nbsp;Closed-End Funds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33724398 | &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;33724398 |
| &nbsp;&nbsp;&nbsp;Money Market Funds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2084024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59460907 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61544931 |
| &nbsp;&nbsp;&nbsp;**Total Investments in Securities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;214371884 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59460907 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;273832791 |
| &nbsp;&nbsp;&nbsp;**Other Investments - Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Swap Agreements | &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;&nbsp;25365 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25365 |
| &nbsp;&nbsp;&nbsp;**Total Investments** | &nbsp;&nbsp;&nbsp;$214371884 | &nbsp;&nbsp;&nbsp;$59486272 | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$273858156 |
| &nbsp;&nbsp;Invesco Golden Dragon China ETF |  |  |  |  |
| &nbsp;&nbsp;**Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp;$260058229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$260058229 |
| &nbsp;&nbsp;&nbsp;Money Market Funds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165681 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69194241 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69359922 |
| &nbsp;&nbsp;&nbsp;**Total Investments** | &nbsp;&nbsp;&nbsp;$260223910 | &nbsp;&nbsp;&nbsp;$69194241 | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$329418151 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;&nbsp;**Level 2** | &nbsp;&nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;&nbsp;**Total** |
| &nbsp;&nbsp;Invesco MSCI Sustainable Future ETF |  |  |  |  |
| &nbsp;&nbsp;**Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp;$170849114 | &nbsp;&nbsp;&nbsp;$153630688 | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$324479802 |
| &nbsp;&nbsp;&nbsp;Exchange-Traded Funds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5517869 | &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;5517869 |
| &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;61279631 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61279631 |
| &nbsp;&nbsp;&nbsp;**Total Investments** | &nbsp;&nbsp;&nbsp;$176366983 | &nbsp;&nbsp;&nbsp;$214910319 | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$391277302 |
| &nbsp;&nbsp;Invesco Raymond James SB-1 Equity ETF |  |  |  |  |
| &nbsp;&nbsp;**Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp;$129010955 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$129010955 |
| &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;9462 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24361059 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24370521 |
| &nbsp;&nbsp;&nbsp;**Total Investments** | &nbsp;&nbsp;&nbsp;$129020417 | &nbsp;&nbsp;&nbsp;$24361059 | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$153381476 |
| &nbsp;&nbsp;Invesco S&P 500<sup>®</sup> Quality ETF |  |  |  |  |
| &nbsp;&nbsp;**Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp;$4414636579 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$4414636579 |
| &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;182663852 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182663852 |
| &nbsp;&nbsp;&nbsp;**Total Investments** | &nbsp;&nbsp;&nbsp;$4414636579 | &nbsp;&nbsp;&nbsp;$182663852 | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$4597300431 |
| &nbsp;&nbsp;Invesco S&P Spin-Off ETF |  |  |  |  |
| &nbsp;&nbsp;**Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp;&nbsp;$58268845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;$58268845 |
| &nbsp;&nbsp;&nbsp;Money Market Funds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10506587 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10597930 |
| &nbsp;&nbsp;&nbsp;**Total Investments** | &nbsp;&nbsp;&nbsp;&nbsp;$58360188 | &nbsp;&nbsp;&nbsp;$10506587 | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;$68866775 |
| &nbsp;&nbsp;Invesco Water Resources ETF |  |  |  |  |
| &nbsp;&nbsp;**Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp;$1794919423 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$1794919423 |
| &nbsp;&nbsp;&nbsp;Money Market Funds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1862798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53162080 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55024878 |
| &nbsp;&nbsp;&nbsp;**Total Investments** | &nbsp;&nbsp;&nbsp;$1796782221 | &nbsp;&nbsp;&nbsp;$53162080 | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$1849944301 |
| &nbsp;&nbsp;Invesco WilderHill Clean Energy ETF |  |  |  |  |
| &nbsp;&nbsp;**Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp;$887767826 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$887767826 |
| &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;259171838 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;259171838 |
| &nbsp;&nbsp;&nbsp;**Total Investments** | &nbsp;&nbsp;&nbsp;$887767826 | &nbsp;&nbsp;&nbsp;$259171838 | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$1146939664 |

---

## 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

- **b. Investment Company Act file number:** 811-21265

- **c. CIK number of Registrant:** 0001209466

- **d. LEI of Registrant:** QPT4TMG79RF3UWNU0R52

- **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 S&P Spin-Off ETF

- **b. EDGAR series identifier (if any):** S000060807

- **c. LEI of Series:** 5493002U8GU1HNTOUF59

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

- **a. Date of fiscal year-end:** 2023-04-30

- **b. Date as of which information is reported:** 2023-01-31

**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:** $68897544.52

**Total Liabilities:** $10630688.81

**Net Assets:** $58266855.71

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000197623 | 5.98%                | -6.48%               | 11.27%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1075720.98              | $2041182.84                                |
| Month 2  | $-1610608.11             | $-2176532.52                               |
| Month 3  | $-827523.32              | $6762649.14                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ESAB Corp.                                | ESAB Corp.                                                 | CUSIP: 29605J106<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | EC               | CORP              | US        |     24796 | NS      | $1433456.76   | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Kyndryl Holdings, Inc.                    | Kyndryl Holdings, Inc.                                     | CUSIP: 50155Q100<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | EC               | CORP              | US        |    144236 | NS      | $1931320.04   | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| GE HealthCare Technologies Inc.           | GE HealthCare Technologies Inc.                            | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |     38457 | NS      | $2673530.64   | 4.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Enhabit, Inc.                             | Enhabit, Inc.                                              | CUSIP: 29332G102<br>LEI: 549300RFQ78SLDFSHF49 | Long             | EC               | CORP              | US        |     44567 | NS      | $684549.12    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Government & Agency Portfolio     | Invesco Government & Agency Portfolio, Institutional Class | CUSIP: 825252885<br>LEI: 5493007T1J7WZ5QI1A47 | Long             | STIV             | RF                | US        |     91343 | NS      | $91343.29     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| RXO, Inc.                                 | RXO, Inc.                                                  | CUSIP: 74982T103<br>LEI: 549300KL8CA6GP8XPM30 | Long             | EC               | CORP              | US        |     60355 | NS      | $1105703.60   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Consensus Cloud Solutions, Inc.           | Consensus Cloud Solutions, Inc.                            | CUSIP: 20848V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16380 | NS      | $962652.60    | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Orion Office REIT Inc.                    | Orion Office REIT Inc.                                     | CUSIP: 68629Y103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51659 | NS      | $498509.35    | 0.86%             |  |  |  | No            |                  1 | On Loan: —       |
| Madison Square Garden Entertainment Corp. | Madison Square Garden Entertainment Corp.                  | CUSIP: 55826T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15294 | NS      | $799723.26    | 1.37%             |  |  |  | No            |                  1 | On Loan: —       |
| GXO Logistics, Inc.                       | GXO Logistics, Inc.                                        | CUSIP: 36262G101<br>LEI: 5493007CNWMXN78JRN66 | Long             | EC               | CORP              | US        |     51051 | NS      | $2671498.83   | 4.58%             |  |  |  | No            |                  1 | On Loan: —       |
| INVESCO PRIVATE GOVERNMENT FUND           | INVESCO PRIVATE GOVERNMENT FUND                            | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |   2941536 | NS      | $2941535.66   | 5.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Corteva, Inc.                             | Corteva, Inc.                                              | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |     59060 | NS      | $3806417.00   | 6.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Otis Worldwide Corp.                      | Otis Worldwide Corp.                                       | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |     46125 | NS      | $3792858.75   | 6.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrier Global Corp.                      | Carrier Global Corp.                                       | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |     86074 | NS      | $3918949.22   | 6.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentrix Corp.                          | Concentrix Corp.                                           | CUSIP: 20602D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17985 | NS      | $2550452.85   | 4.38%             |  |  |  | No            |                  1 | On Loan: No      |
| IAA, Inc.                                 | IAA, Inc.                                                  | CUSIP: 449253103<br>LEI: 549300PZCOPC5178W747 | Long             | EC               | CORP              | US        |     64072 | NS      | $2673724.56   | 4.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp.                | Constellation Energy Corp.                                 | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |     47090 | NS      | $4019602.40   | 6.90%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO PRIVATE PRIME FUND                | INVESCO PRIVATE PRIME FUND                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |   7562782 | NS      | $7565051.09   | 12.98%            |  |  |  | No            |                  2 | On Loan: No      |
| Vontier Corp.                             | Vontier Corp.                                              | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |     93997 | NS      | $2164750.91   | 3.72%             |  |  |  | No            |                  1 | On Loan: —       |
| Organon & Co.                             | Organon & Co.                                              | CUSIP: 68622V106<br>LEI: 549300AMCKY57OK2CO56 | Long             | EC               | CORP              | US        |     81567 | NS      | $2457613.71   | 4.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Apartment Income REIT Corp.               | Apartment Income REIT Corp.                                | CUSIP: 03750L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     85468 | NS      | $3270005.68   | 5.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Dow Inc.                                  | Dow Inc.                                                   | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Long             | EC               | CORP              | US        |     71374 | NS      | $4236046.90   | 7.27%             |  |  |  | No            |                  1 | On Loan: No      |
| U-Haul Holding Co.                        | U-Haul Holding Co.                                         | CUSIP: 023586506<br>LEI: 5493003WIDMLDHYC6Y24 | Long             | EC               | CORP              | US        |     38919 | NS      | $2404805.01   | 4.13%             |  |  |  | No            |                  1 | On Loan: —       |
| Kontoor Brands, Inc.                      | Kontoor Brands, Inc.                                       | CUSIP: 50050N103<br>LEI: 549300M0CPXV65RFF271 | Long             | EC               | CORP              | US        |     44148 | NS      | $2108508.48   | 3.62%             |  |  |  | No            |                  1 | On Loan: —       |
| DT Midstream, Inc.                        | DT Midstream, Inc.                                         | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45702 | NS      | $2498071.32   | 4.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Vimeo, Inc.                               | Vimeo, Inc.                                                | CUSIP: 92719V100<br>LEI: 25490061AWYWC90UIJ68 | Long             | EC               | CORP              | US        |    158259 | NS      | $718495.86    | 1.23%             |  |  |  | No            |                  1 | On Loan: —       |
| Victoria's Secret & Co.                   | Victoria's Secret & Co.                                    | CUSIP: 926400102<br>LEI: 5493006T3O70U3UWVF17 | Long             | EC               | CORP              | US        |     40256 | NS      | $1696790.40   | 2.91%             |  |  |  | No            |                  1 | On Loan: —       |
| Embecta Corp.                             | Embecta Corp.                                              | CUSIP: 29082K105<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | EC               | CORP              | US        |     77532 | NS      | $2046069.48   | 3.51%             |  |  |  | No            |                  1 | On Loan: —       |
| MasterBrand, Inc.                         | MasterBrand, Inc.                                          | CUSIP: 57638P104<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | EC               | CORP              | US        |    124428 | NS      | $1144737.60   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-02

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

**Signature:** Sheri Morris

**Name of Signer:** Sheri Morris

**Title:** Vice President