# EDGAR Filing Document

**Accession Number:** 0001209466
**File Stem:** 0001209466-26-000439
**Filing Date:** 2026-3
**Character Count:** 262741
**Document Hash:** 3a667f668d9bbb80a1a02a1afd34ee09
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001209466-26-000439.hdr.sgml**: 20260330

**ACCESSION NUMBER**: 0001209466-26-000439

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260330

**DATE AS OF CHANGE**: 20260330

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** INVESCO EXCHANGE-TRADED FUND TRUST
- **CENTRAL INDEX KEY:** 0001209466

**ORGANIZATION NAME:**
- **EIN:** 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:** 26811066

**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 Dividend Achievers ETF (Series ID: S000003037)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000008304 | Invesco Dividend Achievers ETF | PFM             |

## Nport-Ex

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

**Invesco BuyBack Achievers**<sup>TM</sup> **ETF (PKW)**

January 31, 2026

*(Unaudited)*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-99.71%** | **Common Stocks & Other Equity Interests-99.71%** | **Common Stocks & Other Equity Interests-99.71%** |
| **Communication Services-4.32%** | **Communication Services-4.32%** | **Communication Services-4.32%** |
| CarGurus, Inc.<sup>(b)</sup> | 58716 | &nbsp;&nbsp; $1902398 |
| Cars.com, Inc.<sup>(b)</sup> | 33430 | &nbsp;&nbsp; 379765 |
| Charter Communications, Inc., Class A<sup>(b)</sup> | 64849 | &nbsp;&nbsp; 13366676 |
| DoubleVerify Holdings, Inc.<sup>(b)</sup> | 108678 | &nbsp;&nbsp; 1175896 |
| Electronic Arts, Inc. | 175945 | &nbsp;&nbsp; 35878704 |
| IAC, Inc.<sup>(b)(c)</sup> | 49709 | &nbsp;&nbsp; 1836747 |
| Ibotta, Inc., Class A<sup>(b)</sup> | 13104 | &nbsp;&nbsp; 270729 |
| Iridium Communications, Inc. | 72679 | &nbsp;&nbsp; 1447766 |
| Liberty Global Ltd., Class A (Belgium)<sup>(b)(c)</sup> | 147933 | &nbsp;&nbsp; 1640577 |
| Match Group, Inc. | 186546 | &nbsp;&nbsp; 5810908 |
| Scholastic Corp. | 18026 | &nbsp;&nbsp; 630369 |
| Travelzoo<sup>(b)(c)</sup> | 6110 | &nbsp;&nbsp; 35743 |
| TripAdvisor, Inc.<sup>(b)</sup> | 86747 | &nbsp;&nbsp; 1152868 |
| Yelp, Inc.<sup>(b)</sup> | 43260 | &nbsp;&nbsp; 1184459 |
| Ziff Davis, Inc.<sup>(b)(c)</sup> | 28172 | &nbsp;&nbsp; 1076734 |
| ZipRecruiter, Inc., Class A<sup>(b)</sup> | 50326 | &nbsp;&nbsp; 123802 |
| ZoomInfo Technologies, Inc., Class A<sup>(b)(c)</sup> | 201182 | &nbsp;&nbsp; 1619515 |
|  |  | &nbsp;&nbsp; 69533656 |
| **Consumer Discretionary-18.35%** | **Consumer Discretionary-18.35%** | **Consumer Discretionary-18.35%** |
| Abercrombie & Fitch Co., Class A<sup>(b)</sup> | 32259 | &nbsp;&nbsp; 3149446 |
| Adient PLC<sup>(b)</sup> | 56445 | &nbsp;&nbsp; 1174056 |
| ADT, Inc. | 449710 | &nbsp;&nbsp; 3597680 |
| American Eagle Outfitters, Inc. | 101281 | &nbsp;&nbsp; 2360860 |
| AutoNation, Inc.<sup>(b)</sup> | 23199 | &nbsp;&nbsp; 4755331 |
| BARK, Inc.<sup>(b)(c)</sup> | 105831 | &nbsp;&nbsp; 94190 |
| Bath & Body Works, Inc. | 140074 | &nbsp;&nbsp; 3053613 |
| BJ's Restaurants, Inc.<sup>(b)</sup> | 11407 | &nbsp;&nbsp; 477041 |
| Boyd Gaming Corp. | 45170 | &nbsp;&nbsp; 3818672 |
| Century Communities, Inc. | 17557 | &nbsp;&nbsp; 1105740 |
| Columbia Sportswear Co. | 23887 | &nbsp;&nbsp; 1320473 |
| Crocs, Inc.<sup>(b)(c)</sup> | 34021 | &nbsp;&nbsp; 2855042 |
| D.R. Horton, Inc. | 182340 | &nbsp;&nbsp; 27139486 |
| Dana, Inc. | 73186 | &nbsp;&nbsp; 2115075 |
| Dave & Buster's Entertainment, Inc.<sup>(b)(c)</sup> | 15706 | &nbsp;&nbsp; 294802 |
| Dine Brands Global, Inc. | 11953 | &nbsp;&nbsp; 411064 |
| Dutch Bros, Inc., Class A<sup>(b)(c)</sup> | 105278 | &nbsp;&nbsp; 5726070 |
| eBay, Inc. | 357174 | &nbsp;&nbsp; 32581412 |
| Etsy, Inc.<sup>(b)</sup> | 74195 | &nbsp;&nbsp; 3929367 |
| Garrett Motion, Inc. (Switzerland) | 187419 | &nbsp;&nbsp; 3381039 |
| General Motors Co. | 746149 | &nbsp;&nbsp; 62676516 |
| H&R Block, Inc. | 84064 | &nbsp;&nbsp; 3316325 |
| Harley-Davidson, Inc.<sup>(c)</sup> | 78559 | &nbsp;&nbsp; 1555468 |
| Hilton Grand Vacations, Inc.<sup>(b)(c)</sup> | 46164 | &nbsp;&nbsp; 2082458 |
| KB Home | 43688 | &nbsp;&nbsp; 2513808 |
| Las Vegas Sands Corp. | 241081 | &nbsp;&nbsp; 12712201 |
| Lennar Corp., Class B | 9081 | &nbsp;&nbsp; 919542 |
| Lithia Motors, Inc., Class A | 18696 | &nbsp;&nbsp; 6047034 |
| Lovesac Co. (The)<sup>(b)(c)</sup> | 10424 | &nbsp;&nbsp; 138848 |
| Mattel, Inc.<sup>(b)</sup> | 170722 | &nbsp;&nbsp; 3566383 |
| MGM Resorts International<sup>(b)</sup> | 176594 | &nbsp;&nbsp; 5922963 |
| Murphy USA, Inc. | 14986 | &nbsp;&nbsp; 6331735 |
| NVR, Inc.<sup>(b)</sup> | 2217 | &nbsp;&nbsp; 16928413 |
| Oxford Industries, Inc. | 10467 | &nbsp;&nbsp; 385709 |
| PENN Entertainment, Inc.<sup>(b)</sup> | 92454 | &nbsp;&nbsp; 1187109 |
| Phinia, Inc. | 27787 | &nbsp;&nbsp; 1977601 |
| Signet Jewelers Ltd.<sup>(c)</sup> | 25091 | &nbsp;&nbsp; 2315147 |
| Sturm, Ruger & Co., Inc. | 10449 | &nbsp;&nbsp; 383374 |
| Tapestry, Inc. | 159743 | &nbsp;&nbsp; 20272984 |
| Taylor Morrison Home Corp., Class A<sup>(b)</sup> | 73456 | &nbsp;&nbsp; 4477143 |
| Toll Brothers, Inc. | 68663 | &nbsp;&nbsp; 9921117 |
| Travel + Leisure Co. | 47112 | &nbsp;&nbsp; 3276168 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Consumer Discretionary-(continued)** | **Consumer Discretionary-(continued)** | **Consumer Discretionary-(continued)** |
| Tri Pointe Homes, Inc.<sup>(b)</sup> | 56326 | &nbsp;&nbsp; $1878472 |
| Ulta Beauty, Inc.<sup>(b)</sup> | 277 | &nbsp;&nbsp; 179319 |
| Viking Holdings Ltd.<sup>(b)</sup> | 149047 | &nbsp;&nbsp; 10753741 |
| Wendy's Co. (The) | 133899 | &nbsp;&nbsp; 1043073 |
| Wynn Resorts Ltd. | 60119 | &nbsp;&nbsp; 6459787 |
| YETI Holdings, Inc.<sup>(b)</sup> | 60733 | &nbsp;&nbsp; 2776105 |
| Zumiez, Inc.<sup>(b)(c)</sup> | 11435 | &nbsp;&nbsp; 281415 |
|  |  | &nbsp;&nbsp; 295620417 |
| **Consumer Staples-3.52%** | **Consumer Staples-3.52%** | **Consumer Staples-3.52%** |
| Adecoagro S.A. (Brazil)<sup>(c)</sup> | 34082 | &nbsp;&nbsp; 301966 |
| BellRing Brands, Inc.<sup>(b)</sup> | 93413 | &nbsp;&nbsp; 2323181 |
| Boston Beer Co., Inc. (The), Class A<sup>(b)(c)</sup> | 6707 | &nbsp;&nbsp; 1432749 |
| Central Garden & Pet Co., Class A<sup>(b)</sup> | 36846 | &nbsp;&nbsp; 1130067 |
| Dollar Tree, Inc.<sup>(b)</sup> | 137974 | &nbsp;&nbsp; 16224363 |
| Energizer Holdings, Inc. | 32377 | &nbsp;&nbsp; 706790 |
| John B. Sanfilippo & Son, Inc. | 4708 | &nbsp;&nbsp; 380877 |
| Kroger Co. (The) | 451296 | &nbsp;&nbsp; 28363954 |
| Monster Beverage Corp.<sup>(b)</sup> | 365 | &nbsp;&nbsp; 29477 |
| Nature's Sunshine Products, Inc.<sup>(b)</sup> | 16859 | &nbsp;&nbsp; 425184 |
| Post Holdings, Inc.<sup>(b)(c)</sup> | 33318 | &nbsp;&nbsp; 3408765 |
| Spectrum Brands Holdings, Inc.<sup>(c)</sup> | 16444 | &nbsp;&nbsp; 1047647 |
| Weis Markets, Inc. | 12877 | &nbsp;&nbsp; 916199 |
|  |  | &nbsp;&nbsp; 56691219 |
| **Energy-4.17%** | **Energy-4.17%** | **Energy-4.17%** |
| California Resources Corp. | 52483 | &nbsp;&nbsp; 2807840 |
| Chevron Corp. | 336 | &nbsp;&nbsp; 59438 |
| Chord Energy Corp. | 36715 | &nbsp;&nbsp; 3680312 |
| CNX Resources Corp.<sup>(b)(c)</sup> | 101350 | &nbsp;&nbsp; 3932380 |
| Delek US Holdings, Inc.<sup>(c)</sup> | 48033 | &nbsp;&nbsp; 1417454 |
| Forum Energy Technologies, Inc.<sup>(b)</sup> | 8883 | &nbsp;&nbsp; 401867 |
| Marathon Petroleum Corp. | 237539 | &nbsp;&nbsp; 41851996 |
| NOV, Inc. | 246050 | &nbsp;&nbsp; 4515017 |
| Oil States International, Inc.<sup>(b)</sup> | 48363 | &nbsp;&nbsp; 409635 |
| Par Pacific Holdings, Inc.<sup>(b)</sup> | 36832 | &nbsp;&nbsp; 1390040 |
| Scorpio Tankers, Inc. (Monaco)<sup>(c)</sup> | 46390 | &nbsp;&nbsp; 2951332 |
| SM Energy Co. | 103 | &nbsp;&nbsp; 2002 |
| Talos Energy, Inc.<sup>(b)</sup> | 96651 | &nbsp;&nbsp; 1152080 |
| Teekay Corp. Ltd. (Bermuda)<sup>(c)</sup> | 51769 | &nbsp;&nbsp; 529597 |
| Tidewater, Inc.<sup>(b)</sup> | 32957 | &nbsp;&nbsp; 2059483 |
|  |  | &nbsp;&nbsp; 67160473 |
| **Financials-32.30%** | **Financials-32.30%** | **Financials-32.30%** |
| Affiliated Managers Group, Inc. | 20600 | &nbsp;&nbsp; 6449654 |
| Aflac, Inc. | 399009 | &nbsp;&nbsp; 44270049 |
| AllianceBernstein Holding L.P. | 87687 | &nbsp;&nbsp; 3730205 |
| American International Group, Inc. | 426379 | &nbsp;&nbsp; 31927260 |
| Assured Guaranty Ltd. | 33325 | &nbsp;&nbsp; 2827626 |
| AXIS Capital Holdings Ltd. | 66817 | &nbsp;&nbsp; 6894178 |
| Banc of California, Inc. | 91571 | &nbsp;&nbsp; 1829589 |
| Bancorp, Inc. (The)<sup>(b)</sup> | 27934 | &nbsp;&nbsp; 1660397 |
| &nbsp;&nbsp;&nbsp; Bank of N.T. Butterfield & Son Ltd. (The) <br> (Bermuda)<br>| 41958 | &nbsp;&nbsp; 2173424 |
| Bread Financial Holdings, Inc. | 31683 | &nbsp;&nbsp; 2298285 |
| Cannae Holdings, Inc. | 31349 | &nbsp;&nbsp; 451739 |
| Citigroup, Inc. | 692035 | &nbsp;&nbsp; 80075370 |
| CNO Financial Group, Inc. | 69836 | &nbsp;&nbsp; 2936604 |
| Corebridge Financial, Inc. | 215683 | &nbsp;&nbsp; 6649507 |
| Credit Acceptance Corp.<sup>(b)</sup> | 5635 | &nbsp;&nbsp; 2807582 |
| Donnelley Financial Solutions, Inc.<sup>(b)</sup> | 20202 | &nbsp;&nbsp; 1045453 |
| Employers Holdings, Inc. | 16032 | &nbsp;&nbsp; 699316 |
| Enact Holdings, Inc. | 27832 | &nbsp;&nbsp; 1106879 |

---

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

------

**Invesco BuyBack Achievers**<sup>TM</sup> **ETF (PKW)—(continued)**

January 31, 2026

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Financials-(continued)** | **Financials-(continued)** | **Financials-(continued)** |
| Enova International, Inc.<sup>(b)(c)</sup> | 19120 | &nbsp;&nbsp; $3158050 |
| Equitable Holdings, Inc. | 190524 | &nbsp;&nbsp; 8840314 |
| Essent Group Ltd. | 61481 | &nbsp;&nbsp; 3868385 |
| Euronet Worldwide, Inc.<sup>(b)(c)</sup> | 34035 | &nbsp;&nbsp; 2466176 |
| Federated Hermes, Inc., Class B<sup>(c)</sup> | 58281 | &nbsp;&nbsp; 3105212 |
| &nbsp;&nbsp;&nbsp; Fidelis Insurance Holdings Ltd. (United <br> Kingdom)<sup>(c)</sup><br>| 42692 | &nbsp;&nbsp; 812856 |
| Finance of America Cos., Inc., Class A<sup>(b)</sup> | 6772 | &nbsp;&nbsp; 157720 |
| First Citizens BancShares, Inc., Class A<sup>(c)</sup> | 8700 | &nbsp;&nbsp; 18005259 |
| First Horizon Corp. | 374859 | &nbsp;&nbsp; 9180297 |
| Fiserv, Inc.<sup>(b)</sup> | 471664 | &nbsp;&nbsp; 30059147 |
| Genworth Financial, Inc., Class A<sup>(b)</sup> | 265562 | &nbsp;&nbsp; 2214787 |
| Goldman Sachs Group, Inc. (The) | 119 | &nbsp;&nbsp; 111314 |
| Granite Point Mortgage Trust, Inc. | 43400 | &nbsp;&nbsp; 92442 |
| Hilltop Holdings, Inc. | 33096 | &nbsp;&nbsp; 1239445 |
| Jackson Financial, Inc., Class A | 50437 | &nbsp;&nbsp; 5997968 |
| Kemper Corp. | 45701 | &nbsp;&nbsp; 1801076 |
| KKR Real Estate Finance Trust, Inc. | 41651 | &nbsp;&nbsp; 344870 |
| Loews Corp. | 151355 | &nbsp;&nbsp; 15978547 |
| M&T Bank Corp. | 112561 | &nbsp;&nbsp; 24940141 |
| Marqeta, Inc., Class A<sup>(b)</sup> | 247236 | &nbsp;&nbsp; 1021085 |
| Metropolitan Bank Holding Corp. | 7244 | &nbsp;&nbsp; 670794 |
| MGIC Investment Corp. | 153087 | &nbsp;&nbsp; 4121102 |
| Navient Corp. | 47924 | &nbsp;&nbsp; 470134 |
| NB Bancorp, Inc. | 37932 | &nbsp;&nbsp; 823883 |
| Nuveen Churchill Direct Lending Corp.<sup>(c)</sup> | 40931 | &nbsp;&nbsp; 552568 |
| Pathward Financial, Inc. | 15070 | &nbsp;&nbsp; 1360670 |
| PayPal Holdings, Inc. | 820514 | &nbsp;&nbsp; 43232883 |
| Popular, Inc. | 52044 | &nbsp;&nbsp; 6949435 |
| Preferred Bank | 8111 | &nbsp;&nbsp; 695680 |
| Radian Group, Inc. | 97926 | &nbsp;&nbsp; 3221765 |
| RBB Bancorp | 14619 | &nbsp;&nbsp; 303198 |
| RenaissanceRe Holdings Ltd. (Bermuda) | 28438 | &nbsp;&nbsp; 8010985 |
| Repay Holdings Corp., Class A<sup>(b)</sup> | 58054 | &nbsp;&nbsp; 202608 |
| Sierra Bancorp | 11172 | &nbsp;&nbsp; 395601 |
| SiriusPoint Ltd. (Sweden)<sup>(b)</sup> | 66416 | &nbsp;&nbsp; 1355551 |
| Synchrony Financial | 246433 | &nbsp;&nbsp; 17898429 |
| Unum Group | 116101 | &nbsp;&nbsp; 8820193 |
| Wells Fargo & Co. | 866455 | &nbsp;&nbsp; 78405513 |
| Westamerica Bancorporation | 16100 | &nbsp;&nbsp; 814338 |
| Western Union Co. (The) | 245037 | &nbsp;&nbsp; 2295997 |
| WEX, Inc.<sup>(b)</sup> | 25112 | &nbsp;&nbsp; 3864737 |
| World Acceptance Corp.<sup>(b)</sup> | 3593 | &nbsp;&nbsp; 435651 |
| WSFS Financial Corp. | 35828 | &nbsp;&nbsp; 2319146 |
|  |  | &nbsp;&nbsp; 520449069 |
| **Health Care-11.59%** | **Health Care-11.59%** | **Health Care-11.59%** |
| 4D Molecular Therapeutics, Inc.<sup>(b)(c)</sup> | 41295 | &nbsp;&nbsp; 365874 |
| AnaptysBio, Inc.<sup>(b)</sup> | 23747 | &nbsp;&nbsp; 1125845 |
| Atea Pharmaceuticals, Inc.<sup>(b)</sup> | 45927 | &nbsp;&nbsp; 194730 |
| Centene Corp.<sup>(b)</sup> | 218 | &nbsp;&nbsp; 9444 |
| Chemed Corp. | 11055 | &nbsp;&nbsp; 4722033 |
| DaVita, Inc.<sup>(b)</sup> | 33336 | &nbsp;&nbsp; 3644958 |
| Definitive Healthcare Corp.<sup>(b)</sup> | 32852 | &nbsp;&nbsp; 76217 |
| Exelixis, Inc.<sup>(b)</sup> | 209281 | &nbsp;&nbsp; 8655862 |
| GoodRx Holdings, Inc., Class A<sup>(b)</sup> | 82328 | &nbsp;&nbsp; 186885 |
| Haemonetics Corp.<sup>(b)</sup> | 35186 | &nbsp;&nbsp; 2345499 |
| Halozyme Therapeutics, Inc.<sup>(b)</sup> | 90661 | &nbsp;&nbsp; 6501300 |
| HCA Healthcare, Inc. | 138539 | &nbsp;&nbsp; 67644437 |
| Healthcare Triangle, Inc.<sup>(b)</sup> | 5206 | &nbsp;&nbsp; 1358 |
| Henry Schein, Inc.<sup>(b)</sup> | 80547 | &nbsp;&nbsp; 6079688 |
| Incyte Corp.<sup>(b)</sup> | 175 | &nbsp;&nbsp; 17512 |
| IQVIA Holdings, Inc.<sup>(b)</sup> | 136213 | &nbsp;&nbsp; 31349422 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Health Care-(continued)** | **Health Care-(continued)** | **Health Care-(continued)** |
| Medpace Holdings, Inc.<sup>(b)</sup> | 18460 | &nbsp;&nbsp; $10752581 |
| Molina Healthcare, Inc.<sup>(b)</sup> | 32195 | &nbsp;&nbsp; 5781900 |
| Option Care Health, Inc.<sup>(b)(c)</sup> | 119314 | &nbsp;&nbsp; 4056676 |
| Revvity, Inc. | 52442 | &nbsp;&nbsp; 5705690 |
| Roivant Sciences Ltd.<sup>(b)</sup> | 355221 | &nbsp;&nbsp; 7679878 |
| Tactile Systems Technology, Inc.<sup>(b)</sup> | 15282 | &nbsp;&nbsp; 441038 |
| Tenet Healthcare Corp.<sup>(b)</sup> | 55052 | &nbsp;&nbsp; 10420243 |
| Universal Health Services, Inc., Class B | 44177 | &nbsp;&nbsp; 8891063 |
|  |  | &nbsp;&nbsp; 186650133 |
| **Industrials-14.24%** | **Industrials-14.24%** | **Industrials-14.24%** |
| AerCap Holdings N.V. (Ireland)<sup>(c)</sup> | 152546 | &nbsp;&nbsp; 21914758 |
| AerSale Corp.<sup>(b)</sup> | 35014 | &nbsp;&nbsp; 262255 |
| Alaska Air Group, Inc.<sup>(b)</sup> | 81595 | &nbsp;&nbsp; 4147474 |
| Albany International Corp., Class A | 19083 | &nbsp;&nbsp; 1058916 |
| BlueLinx Holdings, Inc.<sup>(b)(c)</sup> | 6290 | &nbsp;&nbsp; 437532 |
| Carlisle Cos., Inc. | 30604 | &nbsp;&nbsp; 10432598 |
| Carrier Global Corp. | 543780 | &nbsp;&nbsp; 32398412 |
| Clarivate PLC<sup>(b)</sup> | 318704 | &nbsp;&nbsp; 844566 |
| Custom Truck One Source, Inc.<sup>(b)</sup> | 67681 | &nbsp;&nbsp; 427744 |
| Danaos Corp. (Greece) | 8634 | &nbsp;&nbsp; 893187 |
| Energy Recovery, Inc.<sup>(b)</sup> | 43900 | &nbsp;&nbsp; 640501 |
| EnerSys | 27387 | &nbsp;&nbsp; 4934863 |
| Fluor Corp.<sup>(b)</sup> | 122709 | &nbsp;&nbsp; 5667929 |
| Fortive Corp. | 250978 | &nbsp;&nbsp; 13254148 |
| Fortune Brands Innovations, Inc. | 94933 | &nbsp;&nbsp; 5135875 |
| FTI Consulting, Inc.<sup>(b)</sup> | 17852 | &nbsp;&nbsp; 3118209 |
| FuelCell Energy, Inc.<sup>(b)</sup> | 46003 | &nbsp;&nbsp; 376765 |
| IBEX Holdings Ltd.<sup>(b)</sup> | 11293 | &nbsp;&nbsp; 420100 |
| J.B. Hunt Transport Services, Inc. | 65148 | &nbsp;&nbsp; 13206802 |
| Johnson Controls International PLC | 524153 | &nbsp;&nbsp; 62510487 |
| Matson, Inc. | 22236 | &nbsp;&nbsp; 3564431 |
| Maximus, Inc. | 34638 | &nbsp;&nbsp; 3271213 |
| Middleby Corp. (The)<sup>(b)</sup> | 35919 | &nbsp;&nbsp; 5286199 |
| Pitney Bowes, Inc. | 114753 | &nbsp;&nbsp; 1196874 |
| Science Applications International Corp. | 33051 | &nbsp;&nbsp; 3363270 |
| Southwest Airlines Co. | 368792 | &nbsp;&nbsp; 17524996 |
| TaskUS, Inc., Class A (Philippines)<sup>(b)</sup> | 17732 | &nbsp;&nbsp; 191506 |
| Textron, Inc. | 139255 | &nbsp;&nbsp; 12262795 |
| Titan International, Inc.<sup>(b)(c)</sup> | 40673 | &nbsp;&nbsp; 388020 |
| Wabash National Corp.<sup>(c)</sup> | 33188 | &nbsp;&nbsp; 336194 |
|  |  | &nbsp;&nbsp; 229468619 |
| **Information Technology-7.41%** | **Information Technology-7.41%** | **Information Technology-7.41%** |
| Adeia, Inc. | 77037 | &nbsp;&nbsp; 1393599 |
| Adobe, Inc.<sup>(b)</sup> | 230729 | &nbsp;&nbsp; 67661279 |
| Avnet, Inc. | 61133 | &nbsp;&nbsp; 3814088 |
| Blackbaud, Inc.<sup>(b)(c)</sup> | 23510 | &nbsp;&nbsp; 1262487 |
| Clear Secure, Inc., Class A | 63847 | &nbsp;&nbsp; 2082689 |
| Dropbox, Inc., Class A<sup>(b)(c)</sup> | 116222 | &nbsp;&nbsp; 2961337 |
| eGain Corp.<sup>(b)</sup> | 14597 | &nbsp;&nbsp; 149911 |
| Freshworks, Inc., Class A<sup>(b)</sup> | 168991 | &nbsp;&nbsp; 1821723 |
| Gartner, Inc.<sup>(b)</sup> | 54871 | &nbsp;&nbsp; 11501510 |
| Jabil, Inc. | 77205 | &nbsp;&nbsp; 18312254 |
| &nbsp;&nbsp;&nbsp; Nebius Group N.V., Class A <br> (Netherlands)<sup>(b)(c)</sup><br>| 162 | &nbsp;&nbsp; 13801 |
| Photronics, Inc.<sup>(b)</sup> | 43827 | &nbsp;&nbsp; 1515099 |
| ScanSource, Inc.<sup>(b)</sup> | 15436 | &nbsp;&nbsp; 663594 |
| Skyworks Solutions, Inc. | 110323 | &nbsp;&nbsp; 6151611 |
| XTI Aerospace, Inc.<sup>(b)</sup> | 31597 | &nbsp;&nbsp; 52767 |
|  |  | &nbsp;&nbsp; 119357749 |

---

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

------

**Invesco BuyBack Achievers**<sup>TM</sup> **ETF (PKW)—(continued)**

January 31, 2026

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Materials-1.55%** | **Materials-1.55%** | **Materials-1.55%** |
| Ascent Industries Co.<sup>(b)</sup> | 7219 | &nbsp;&nbsp; $117020 |
| Ashland, Inc. | 36163 | &nbsp;&nbsp; 2211729 |
| Ball Corp. | 196271 | &nbsp;&nbsp; 11161932 |
| CF Industries Holdings, Inc. | 123252 | &nbsp;&nbsp; 11490784 |
| CRH PLC<sup>(c)</sup> | 66 | &nbsp;&nbsp; 8079 |
| Steel Dynamics, Inc. | 103 | &nbsp;&nbsp; 18496 |
|  |  | &nbsp;&nbsp; 25008040 |
| **Real Estate-0.18%** | **Real Estate-0.18%** | **Real Estate-0.18%** |
| Farmland Partners, Inc. | 28242 | &nbsp;&nbsp; 327890 |
| &nbsp;&nbsp;&nbsp; JBG SMITH Properties, (Acquired <br> 08/07/2023 - 01/30/2026; <br> Cost $629,338)<sup>(d)</sup><br>| 38210 | &nbsp;&nbsp; 643456 |
| Sunstone Hotel Investors, Inc. | 126273 | &nbsp;&nbsp; 1107414 |
| Xenia Hotels & Resorts, Inc. | 60299 | &nbsp;&nbsp; 889410 |
|  |  | &nbsp;&nbsp; 2968170 |
| **Utilities-2.08%** | **Utilities-2.08%** | **Utilities-2.08%** |
| NRG Energy, Inc. | 136663 | &nbsp;&nbsp; 20858873 |
| Talen Energy Corp.<sup>(b)</sup> | 36105 | &nbsp;&nbsp; 12577538 |
|  |  | &nbsp;&nbsp; 33436411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $1,504,835,448) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $1,504,835,448) | &nbsp;&nbsp; 1606343956 |
| **Money Market Funds-0.02%** | **Money Market Funds-0.02%** | **Money Market Funds-0.02%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 3.61%<sup>(e)(f)</sup> <br>(Cost $353,998)<br>| 353998 | &nbsp;&nbsp; 353998 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.73% <br>(Cost $1,505,189,446) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.73% <br>(Cost $1,505,189,446) | &nbsp;&nbsp; 1606697954 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** |
| **Money Market Funds-5.60%** | **Money Market Funds-5.60%** | **Money Market Funds-5.60%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 3.65%<sup>(e)(f)(g)</sup><br>| 25090087 | &nbsp;&nbsp; $25090087 |
| Invesco Private Prime Fund, 3.80%<sup>(e)(f)(g)</sup> | 65076558 | &nbsp;&nbsp; 65096081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $90,186,168) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $90,186,168) | &nbsp;&nbsp; 90186168 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-105.33% <br>(Cost $1,595,375,614) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-105.33% <br>(Cost $1,595,375,614) | &nbsp;&nbsp; 1696884122 |
| OTHER ASSETS LESS LIABILITIES-(5.33)% | OTHER ASSETS LESS LIABILITIES-(5.33)% | &nbsp;&nbsp; (85817080)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $1611067042 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 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 <br> the exclusive property and a service mark of MSCI Inc. and Standard & Poor's.<br>|
| <sup>(b)</sup> | Non-income producing security. |
| <sup>(c)</sup> | All or a portion of this security was out on loan at January 31, 2026. |
| <sup>(d)</sup> | Restricted security. The value of this security at January 31, 2026 represented less than 1% of the Fund's Net Assets. |
| <sup>(e)</sup> | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in <br> which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund's transactions in, and earnings from, its investments in <br> affiliates for the nine months ended January 31, 2026.<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**April 30, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain**<br>| **Value** <br>**January 31, 2026**<br>| **Dividend Income** |
| **Investments in Affiliated** <br> **Money Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & <br> Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; $1335636 | &nbsp;&nbsp;&nbsp; $18823884 | &nbsp;&nbsp;&nbsp; $(19805522)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $353998 | &nbsp;&nbsp;&nbsp; $45289 |
| **Investments Purchased** <br> **with Cash Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; 14425128 | &nbsp;&nbsp;&nbsp; 201409309 | &nbsp;&nbsp;&nbsp; (190744350)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 25090087 | &nbsp;&nbsp;&nbsp; 577,323<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp; 38420365 | &nbsp;&nbsp;&nbsp; 444783572 | &nbsp;&nbsp;&nbsp; (418111175)<br>| &nbsp;&nbsp;&nbsp; 2202 | &nbsp;&nbsp;&nbsp; 1117 | &nbsp;&nbsp;&nbsp; 65096081 | &nbsp;&nbsp;&nbsp; 1,549,131<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $54181129 | &nbsp;&nbsp;&nbsp; $665016765 | &nbsp;&nbsp;&nbsp; $(628661047)<br>| &nbsp;&nbsp;&nbsp; $2202 | &nbsp;&nbsp;&nbsp; $1117 | &nbsp;&nbsp;&nbsp; $90540166 | &nbsp;&nbsp;&nbsp; $2171743 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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

------

**Invesco BuyBack Achievers**<sup>TM</sup> **ETF (PKW)—(continued)**

January 31, 2026

*(Unaudited)*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(f)</sup> The rate shown is the 7-day SEC standardized yield as of January 31, 2026. <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>

**Invesco Dividend Achievers**<sup>TM</sup> **ETF (PFM)**

January 31, 2026

*(Unaudited)*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-99.98%** | **Common Stocks & Other Equity Interests-99.98%** | **Common Stocks & Other Equity Interests-99.98%** |
| **Communication Services-1.18%** | **Communication Services-1.18%** | **Communication Services-1.18%** |
| Comcast Corp., Class A | 107188 | &nbsp;&nbsp; $3188843 |
| John Wiley & Sons, Inc., Class A | 1307 | &nbsp;&nbsp; 40818 |
| Nexstar Media Group, Inc., Class A<sup>(b)</sup> | 890 | &nbsp;&nbsp; 189018 |
| Verizon Communications, Inc. | 124351 | &nbsp;&nbsp; 5536106 |
|  |  | &nbsp;&nbsp; 8954785 |
| **Consumer Discretionary-4.41%** | **Consumer Discretionary-4.41%** | **Consumer Discretionary-4.41%** |
| Best Buy Co., Inc. | 6187 | &nbsp;&nbsp; 402774 |
| Brunswick Corp. | 1917 | &nbsp;&nbsp; 153782 |
| Churchill Downs, Inc. | 2056 | &nbsp;&nbsp; 202228 |
| D.R. Horton, Inc. | 8597 | &nbsp;&nbsp; 1279577 |
| Dick's Sporting Goods, Inc.<sup>(b)</sup> | 1949 | &nbsp;&nbsp; 393698 |
| Dillard's, Inc., Class A<sup>(b)</sup> | 344 | &nbsp;&nbsp; 209001 |
| Domino's Pizza, Inc. | 992 | &nbsp;&nbsp; 407047 |
| Genuine Parts Co. | 4095 | &nbsp;&nbsp; 569164 |
| Haverty Furniture Cos., Inc. | 445 | &nbsp;&nbsp; 11267 |
| Home Depot, Inc. (The) | 29360 | &nbsp;&nbsp; 10997962 |
| Johnson Outdoors, Inc., Class A | 271 | &nbsp;&nbsp; 12301 |
| Lithia Motors, Inc., Class A<sup>(b)</sup> | 718 | &nbsp;&nbsp; 232230 |
| Lowe's Cos., Inc. | 16544 | &nbsp;&nbsp; 4418241 |
| Matthews International Corp., Class A | 904 | &nbsp;&nbsp; 23766 |
| McDonald's Corp. | 21003 | &nbsp;&nbsp; 6615945 |
| NIKE, Inc., Class B | 35075 | &nbsp;&nbsp; 2167986 |
| Polaris, Inc. | 1657 | &nbsp;&nbsp; 105783 |
| Pool Corp. | 1095 | &nbsp;&nbsp; 278228 |
| Service Corp. International | 4126 | &nbsp;&nbsp; 331854 |
| Shoe Carnival, Inc.<sup>(b)</sup> | 802 | &nbsp;&nbsp; 15286 |
| Starbucks Corp. | 33535 | &nbsp;&nbsp; 3083543 |
| Thor Industries, Inc.<sup>(b)</sup> | 1556 | &nbsp;&nbsp; 174070 |
| Tractor Supply Co. | 15551 | &nbsp;&nbsp; 791235 |
| Williams-Sonoma, Inc. | 3518 | &nbsp;&nbsp; 719959 |
|  |  | &nbsp;&nbsp; 33596927 |
| **Consumer Staples-12.23%** | **Consumer Staples-12.23%** | **Consumer Staples-12.23%** |
| Altria Group, Inc. | 49508 | &nbsp;&nbsp; 3069001 |
| Andersons, Inc. (The) | 994 | &nbsp;&nbsp; 61618 |
| Archer-Daniels-Midland Co. | 14144 | &nbsp;&nbsp; 952033 |
| Brown-Forman Corp., Class B<sup>(b)</sup> | 8939 | &nbsp;&nbsp; 244660 |
| Casey's General Stores, Inc. | 1093 | &nbsp;&nbsp; 662905 |
| Church & Dwight Co., Inc. | 7068 | &nbsp;&nbsp; 680295 |
| Clorox Co. (The) | 3595 | &nbsp;&nbsp; 405480 |
| Coca-Cola Co. (The) | 126864 | &nbsp;&nbsp; 9490696 |
| Colgate-Palmolive Co. | 23773 | &nbsp;&nbsp; 2146464 |
| Costco Wholesale Corp. | 13070 | &nbsp;&nbsp; 12289068 |
| Flowers Foods, Inc. | 6219 | &nbsp;&nbsp; 71083 |
| Hershey Co. (The) | 4363 | &nbsp;&nbsp; 849694 |
| Hormel Foods Corp. | 16190 | &nbsp;&nbsp; 398436 |
| Ingredion, Inc. | 1873 | &nbsp;&nbsp; 221201 |
| J&J Snack Foods Corp. | 573 | &nbsp;&nbsp; 54435 |
| J.M. Smucker Co. (The) | 3142 | &nbsp;&nbsp; 329470 |
| Kimberly-Clark Corp.<sup>(b)</sup> | 9767 | &nbsp;&nbsp; 976602 |
| Kroger Co. (The) | 19503 | &nbsp;&nbsp; 1225764 |
| Marzetti Co. (The) | 806 | &nbsp;&nbsp; 138285 |
| McCormick & Co., Inc. | 7456 | &nbsp;&nbsp; 461004 |
| Mondelez International, Inc., Class A | 38055 | &nbsp;&nbsp; 2225076 |
| Oil-Dri Corp.of America<sup>(b)</sup> | 307 | &nbsp;&nbsp; 18589 |
| PepsiCo, Inc. | 40326 | &nbsp;&nbsp; 6195283 |
| Philip Morris International, Inc. | 45909 | &nbsp;&nbsp; 8237911 |
| Procter & Gamble Co. (The) | 68915 | &nbsp;&nbsp; 10459230 |
| Sysco Corp. | 14094 | &nbsp;&nbsp; 1181782 |
| Target Corp. | 13331 | &nbsp;&nbsp; 1406021 |
| Tootsie Roll Industries, Inc.<sup>(b)</sup> | 1230 | &nbsp;&nbsp; 46592 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Consumer Staples-(continued)** | **Consumer Staples-(continued)** | **Consumer Staples-(continued)** |
| Tyson Foods, Inc., Class A | 8330 | &nbsp;&nbsp; $544199 |
| Universal Corp. | 730 | &nbsp;&nbsp; 41311 |
| Walmart, Inc. | 235185 | &nbsp;&nbsp; 28019941 |
| WD-40 Co. | 400 | &nbsp;&nbsp; 92492 |
|  |  | &nbsp;&nbsp; 93196621 |
| **Energy-4.51%** | **Energy-4.51%** | **Energy-4.51%** |
| Chevron Corp. | 59383 | &nbsp;&nbsp; 10504853 |
| Delek Logistics Partners L.P. | 1575 | &nbsp;&nbsp; 78262 |
| Enterprise Products Partners L.P. | 63801 | &nbsp;&nbsp; 2117555 |
| Exxon Mobil Corp. | 124373 | &nbsp;&nbsp; 17586342 |
| MPLX L.P. | 29995 | &nbsp;&nbsp; 1676721 |
| Phillips 66 | 11883 | &nbsp;&nbsp; 1705923 |
| Texas Pacific Land Corp. | 2025 | &nbsp;&nbsp; 705429 |
|  |  | &nbsp;&nbsp; 34375085 |
| **Financials-20.12%** | **Financials-20.12%** | **Financials-20.12%** |
| 1st Source Corp. | 723 | &nbsp;&nbsp; 48680 |
| Aflac, Inc. | 15457 | &nbsp;&nbsp; 1714954 |
| Alerus Financial Corp.<sup>(b)</sup> | 744 | &nbsp;&nbsp; 18317 |
| Allstate Corp. (The) | 7706 | &nbsp;&nbsp; 1533417 |
| American Financial Group, Inc. | 2453 | &nbsp;&nbsp; 319552 |
| Ameriprise Financial, Inc. | 2740 | &nbsp;&nbsp; 1444501 |
| AMERISAFE, Inc. | 560 | &nbsp;&nbsp; 21062 |
| Aon PLC, Class A | 6339 | &nbsp;&nbsp; 2216368 |
| Arbor Realty Trust, Inc.<sup>(b)</sup> | 5762 | &nbsp;&nbsp; 44367 |
| Arrow Financial Corp. | 487 | &nbsp;&nbsp; 16465 |
| Arthur J. Gallagher & Co. | 7574 | &nbsp;&nbsp; 1888728 |
| Associated Banc-Corp | 4887 | &nbsp;&nbsp; 133220 |
| Assurant, Inc. | 1474 | &nbsp;&nbsp; 351004 |
| Assured Guaranty Ltd. | 1372 | &nbsp;&nbsp; 116414 |
| Atlantic Union Bankshares Corp., Class B | 4196 | &nbsp;&nbsp; 162973 |
| BancFirst Corp. | 979 | &nbsp;&nbsp; 107641 |
| Bank First Corp.<sup>(b)</sup> | 291 | &nbsp;&nbsp; 40606 |
| Bank of America Corp. | 215366 | &nbsp;&nbsp; 11457471 |
| Bank of New York Mellon Corp. (The) | 20566 | &nbsp;&nbsp; 2466275 |
| Bank OZK | 3296 | &nbsp;&nbsp; 156758 |
| Bar Harbor Bankshares | 494 | &nbsp;&nbsp; 16752 |
| BlackRock, Inc. | 4576 | &nbsp;&nbsp; 5120269 |
| BOK Financial Corp.<sup>(b)</sup> | 1864 | &nbsp;&nbsp; 242208 |
| Brown & Brown, Inc. | 10050 | &nbsp;&nbsp; 724605 |
| Capital City Bank Group, Inc. | 505 | &nbsp;&nbsp; 21089 |
| Cass Information Systems, Inc. | 387 | &nbsp;&nbsp; 17400 |
| Cboe Global Markets, Inc. | 3082 | &nbsp;&nbsp; 816915 |
| Chubb Ltd. | 11607 | &nbsp;&nbsp; 3593063 |
| Cincinnati Financial Corp. | 4594 | &nbsp;&nbsp; 739129 |
| City Holding Co. | 427 | &nbsp;&nbsp; 52559 |
| Civista Bancshares, Inc. | 614 | &nbsp;&nbsp; 14816 |
| CME Group, Inc., Class A | 10635 | &nbsp;&nbsp; 3074153 |
| CNO Financial Group, Inc. | 2807 | &nbsp;&nbsp; 118034 |
| Cohen & Steers, Inc. | 1502 | &nbsp;&nbsp; 96519 |
| Commerce Bancshares, Inc.<sup>(b)</sup> | 4093 | &nbsp;&nbsp; 215456 |
| Community Financial System, Inc.<sup>(b)</sup> | 1551 | &nbsp;&nbsp; 96938 |
| Community Trust Bancorp, Inc. | 536 | &nbsp;&nbsp; 33071 |
| Cullen/Frost Bankers, Inc. | 1885 | &nbsp;&nbsp; 259791 |
| Donegal Group, Inc., Class A | 912 | &nbsp;&nbsp; 17027 |
| Enterprise Financial Services Corp. | 1088 | &nbsp;&nbsp; 62397 |
| Erie Indemnity Co., Class A | 1359 | &nbsp;&nbsp; 384611 |
| Evercore, Inc., Class A | 1137 | &nbsp;&nbsp; 401668 |
| FactSet Research Systems, Inc. | 1100 | &nbsp;&nbsp; 279796 |
| Federal Agricultural Mortgage Corp., Class C | 277 | &nbsp;&nbsp; 46896 |
| Fidelity National Financial, Inc. | 7977 | &nbsp;&nbsp; 433869 |
| Fifth Third Bancorp | 19469 | &nbsp;&nbsp; 977733 |

---

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

------

**Invesco Dividend Achievers**<sup>TM</sup> **ETF (PFM)—(continued)**

January 31, 2026

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Financials-(continued)** | **Financials-(continued)** | **Financials-(continued)** |
| First American Financial Corp.<sup>(b)</sup> | 3000 | &nbsp;&nbsp; $189540 |
| First Business Financial Services, Inc. | 246 | &nbsp;&nbsp; 14101 |
| First Community Bankshares, Inc.<sup>(b)</sup> | 542 | &nbsp;&nbsp; 19523 |
| First Financial Bankshares, Inc. | 4216 | &nbsp;&nbsp; 134153 |
| First Financial Corp. | 351 | &nbsp;&nbsp; 22871 |
| First Merchants Corp. | 1704 | &nbsp;&nbsp; 67751 |
| Franklin Resources, Inc. | 15331 | &nbsp;&nbsp; 408111 |
| German American Bancorp, Inc. | 1102 | &nbsp;&nbsp; 46361 |
| Globe Life, Inc. | 2340 | &nbsp;&nbsp; 328115 |
| Goldman Sachs Group, Inc. (The) | 8846 | &nbsp;&nbsp; 8274637 |
| Hanover Insurance Group, Inc. (The) | 1045 | &nbsp;&nbsp; 181976 |
| Hartford Insurance Group, Inc. (The) | 8200 | &nbsp;&nbsp; 1107492 |
| Heritage Financial Corp. | 997 | &nbsp;&nbsp; 25733 |
| Home BancShares, Inc. | 5786 | &nbsp;&nbsp; 167215 |
| Horace Mann Educators Corp. | 1196 | &nbsp;&nbsp; 53593 |
| Independent Bank Corp. | 1460 | &nbsp;&nbsp; 117939 |
| Independent Bank Corp. | 612 | &nbsp;&nbsp; 21512 |
| Intercontinental Exchange, Inc. | 16816 | &nbsp;&nbsp; 2922284 |
| International Bancshares Corp. | 1832 | &nbsp;&nbsp; 127580 |
| Jack Henry & Associates, Inc. | 2134 | &nbsp;&nbsp; 382434 |
| JPMorgan Chase & Co. | 80327 | &nbsp;&nbsp; 24571226 |
| Lakeland Financial Corp. | 748 | &nbsp;&nbsp; 44581 |
| Main Street Capital Corp.<sup>(b)</sup> | 2636 | &nbsp;&nbsp; 168177 |
| MarketAxess Holdings, Inc.<sup>(b)</sup> | 1100 | &nbsp;&nbsp; 186153 |
| Marsh & McLennan Cos., Inc. | 14448 | &nbsp;&nbsp; 2718969 |
| Mastercard, Inc., Class A | 26285 | &nbsp;&nbsp; 14162095 |
| Mercantile Bank Corp. | 481 | &nbsp;&nbsp; 25002 |
| MetLife, Inc. | 19399 | &nbsp;&nbsp; 1530193 |
| Moody's Corp. | 5261 | &nbsp;&nbsp; 2712361 |
| Morgan Stanley | 46872 | &nbsp;&nbsp; 8568202 |
| Morningstar, Inc. | 1209 | &nbsp;&nbsp; 244327 |
| MSCI, Inc. | 2216 | &nbsp;&nbsp; 1350032 |
| Nasdaq, Inc. | 16840 | &nbsp;&nbsp; 1631628 |
| NBT Bancorp, Inc. | 1541 | &nbsp;&nbsp; 68467 |
| Nelnet, Inc., Class A | 741 | &nbsp;&nbsp; 97738 |
| Northrim BanCorp, Inc. | 654 | &nbsp;&nbsp; 15408 |
| Old Republic International Corp.<sup>(b)</sup> | 7285 | &nbsp;&nbsp; 285353 |
| PNC Financial Services Group, Inc. (The) | 11566 | &nbsp;&nbsp; 2582688 |
| Primerica, Inc. | 937 | &nbsp;&nbsp; 246468 |
| Principal Financial Group, Inc. | 6471 | &nbsp;&nbsp; 612933 |
| Prosperity Bancshares, Inc.<sup>(b)</sup> | 2796 | &nbsp;&nbsp; 192952 |
| Prudential Financial, Inc. | 10304 | &nbsp;&nbsp; 1144877 |
| Raymond James Financial, Inc. | 5790 | &nbsp;&nbsp; 960329 |
| Regions Financial Corp. | 26267 | &nbsp;&nbsp; 748610 |
| Reinsurance Group of America, Inc. | 1937 | &nbsp;&nbsp; 392727 |
| RenaissanceRe Holdings Ltd. (Bermuda) | 1360 | &nbsp;&nbsp; 383112 |
| Republic Bancorp, Inc., Class A | 515 | &nbsp;&nbsp; 37394 |
| RLI Corp. | 2702 | &nbsp;&nbsp; 157878 |
| S&P Global, Inc. | 8930 | &nbsp;&nbsp; 4713165 |
| S&T Bancorp, Inc.<sup>(b)</sup> | 1123 | &nbsp;&nbsp; 47885 |
| SEI Investments Co. | 3611 | &nbsp;&nbsp; 317226 |
| Selective Insurance Group, Inc. | 1780 | &nbsp;&nbsp; 149662 |
| ServisFirst Bancshares, Inc. | 1609 | &nbsp;&nbsp; 131697 |
| Simmons First National Corp., Class A | 4261 | &nbsp;&nbsp; 86626 |
| Southern Missouri Bancorp, Inc.<sup>(b)</sup> | 332 | &nbsp;&nbsp; 20773 |
| Southside Bancshares, Inc. | 882 | &nbsp;&nbsp; 28392 |
| SouthState Bank Corp. | 2959 | &nbsp;&nbsp; 302794 |
| State Street Corp. | 8220 | &nbsp;&nbsp; 1075669 |
| Stock Yards Bancorp, Inc.<sup>(b)</sup> | 864 | &nbsp;&nbsp; 58484 |
| T. Rowe Price Group, Inc. | 6428 | &nbsp;&nbsp; 679311 |
| Tompkins Financial Corp. | 427 | &nbsp;&nbsp; 34211 |
| Towne Bank | 2320 | &nbsp;&nbsp; 81200 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Financials-(continued)** | **Financials-(continued)** | **Financials-(continued)** |
| Travelers Cos., Inc. (The) | 6579 | &nbsp;&nbsp; $1871791 |
| TriCo Bancshares<sup>(b)</sup> | 954 | &nbsp;&nbsp; 47528 |
| U.S. Bancorp | 45844 | &nbsp;&nbsp; 2572307 |
| UMB Financial Corp. | 2232 | &nbsp;&nbsp; 283776 |
| United Bankshares, Inc. | 4133 | &nbsp;&nbsp; 174950 |
| United Community Banks, Inc. | 3583 | &nbsp;&nbsp; 123363 |
| Unity Bancorp, Inc. | 297 | &nbsp;&nbsp; 16026 |
| Unum Group | 4929 | &nbsp;&nbsp; 374456 |
| Visa, Inc., Class A | 49772 | &nbsp;&nbsp; 16018123 |
| W.R. Berkley Corp. | 11185 | &nbsp;&nbsp; 767067 |
| WaFd, Inc. | 2254 | &nbsp;&nbsp; 73525 |
| WesBanco, Inc. | 2827 | &nbsp;&nbsp; 99765 |
| Westamerica Bancorporation | 730 | &nbsp;&nbsp; 36923 |
| Wintrust Financial Corp. | 1974 | &nbsp;&nbsp; 291145 |
| Zions Bancorporation N.A. | 4347 | &nbsp;&nbsp; 260429 |
|  |  | &nbsp;&nbsp; 153306607 |
| **Health Care-15.85%** | **Health Care-15.85%** | **Health Care-15.85%** |
| Abbott Laboratories | 51283 | &nbsp;&nbsp; 5605232 |
| AbbVie, Inc. | 52124 | &nbsp;&nbsp; 11624173 |
| Agilent Technologies, Inc. | 8344 | &nbsp;&nbsp; 1116844 |
| Amgen, Inc. | 15881 | &nbsp;&nbsp; 5429396 |
| Becton, Dickinson and Co. | 8418 | &nbsp;&nbsp; 1712895 |
| Bristol-Myers Squibb Co. | 60039 | &nbsp;&nbsp; 3305147 |
| Cardinal Health, Inc. | 7007 | &nbsp;&nbsp; 1505664 |
| Cencora, Inc. | 5721 | &nbsp;&nbsp; 2055098 |
| Chemed Corp. | 419 | &nbsp;&nbsp; 178972 |
| Danaher Corp. | 20832 | &nbsp;&nbsp; 4559916 |
| Elevance Health, Inc. | 6554 | &nbsp;&nbsp; 2265980 |
| Eli Lilly and Co. | 27881 | &nbsp;&nbsp; 28916779 |
| Ensign Group, Inc. (The) | 1707 | &nbsp;&nbsp; 293024 |
| Johnson & Johnson | 71055 | &nbsp;&nbsp; 16147249 |
| LeMaitre Vascular, Inc.<sup>(b)</sup> | 672 | &nbsp;&nbsp; 57100 |
| McKesson Corp. | 3640 | &nbsp;&nbsp; 3025604 |
| Medtronic PLC | 37809 | &nbsp;&nbsp; 3892815 |
| Merck & Co., Inc. | 73200 | &nbsp;&nbsp; 8071764 |
| National HealthCare Corp. | 459 | &nbsp;&nbsp; 65687 |
| Perrigo Co. PLC | 4051 | &nbsp;&nbsp; 57565 |
| Pfizer, Inc. | 167684 | &nbsp;&nbsp; 4433565 |
| Quest Diagnostics, Inc. | 3277 | &nbsp;&nbsp; 612897 |
| ResMed, Inc. | 4298 | &nbsp;&nbsp; 1110216 |
| STERIS PLC | 2889 | &nbsp;&nbsp; 758651 |
| Stryker Corp. | 11278 | &nbsp;&nbsp; 4167898 |
| UnitedHealth Group, Inc. | 26715 | &nbsp;&nbsp; 7665335 |
| West Pharmaceutical Services, Inc. | 2122 | &nbsp;&nbsp; 490437 |
| Zoetis, Inc. | 12997 | &nbsp;&nbsp; 1622286 |
|  |  | &nbsp;&nbsp; 120748189 |
| **Industrials-11.77%** | **Industrials-11.77%** | **Industrials-11.77%** |
| A.O. Smith Corp. | 3340 | &nbsp;&nbsp; 245457 |
| ABM Industries, Inc. | 1805 | &nbsp;&nbsp; 83102 |
| Advanced Drainage Systems, Inc. | 2286 | &nbsp;&nbsp; 347563 |
| AGCO Corp. | 2193 | &nbsp;&nbsp; 248708 |
| Air Lease Corp., Class A | 3292 | &nbsp;&nbsp; 212762 |
| Alamo Group, Inc. | 359 | &nbsp;&nbsp; 70116 |
| Allegion PLC | 2531 | &nbsp;&nbsp; 418602 |
| Apogee Enterprises, Inc. | 637 | &nbsp;&nbsp; 23652 |
| Applied Industrial Technologies, Inc. | 1108 | &nbsp;&nbsp; 288534 |
| Automatic Data Processing, Inc. | 11928 | &nbsp;&nbsp; 2944069 |
| Booz Allen Hamilton Holding Corp. | 3575 | &nbsp;&nbsp; 316102 |
| Brady Corp., Class A | 1284 | &nbsp;&nbsp; 111028 |
| Broadridge Financial Solutions, Inc. | 3439 | &nbsp;&nbsp; 677861 |
| C.H. Robinson Worldwide, Inc. | 3481 | &nbsp;&nbsp; 678621 |

---

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

------

**Invesco Dividend Achievers**<sup>TM</sup> **ETF (PFM)—(continued)**

January 31, 2026

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Industrials-(continued)** | **Industrials-(continued)** | **Industrials-(continued)** |
| Carlisle Cos., Inc. | 1229 | &nbsp;&nbsp; $418954 |
| Caterpillar, Inc. | 13802 | &nbsp;&nbsp; 9072883 |
| Cintas Corp. | 11852 | &nbsp;&nbsp; 2268354 |
| Comfort Systems USA, Inc. | 1040 | &nbsp;&nbsp; 1187784 |
| CSG Systems International, Inc.<sup>(b)</sup> | 836 | &nbsp;&nbsp; 66671 |
| CSX Corp. | 54918 | &nbsp;&nbsp; 2073704 |
| Cummins, Inc. | 4071 | &nbsp;&nbsp; 2356376 |
| Donaldson Co., Inc. | 3413 | &nbsp;&nbsp; 347921 |
| Dover Corp. | 4037 | &nbsp;&nbsp; 813415 |
| Eaton Corp. PLC | 11455 | &nbsp;&nbsp; 4025516 |
| Emerson Electric Co. | 16569 | &nbsp;&nbsp; 2434980 |
| Expeditors International of Washington, Inc. | 3944 | &nbsp;&nbsp; 633170 |
| Exponent, Inc. | 1469 | &nbsp;&nbsp; 105577 |
| Fastenal Co. | 33797 | &nbsp;&nbsp; 1465438 |
| Franklin Electric Co., Inc. | 1310 | &nbsp;&nbsp; 130502 |
| GATX Corp. | 1049 | &nbsp;&nbsp; 190824 |
| General Dynamics Corp. | 7966 | &nbsp;&nbsp; 2796783 |
| Gorman-Rupp Co. (The) | 771 | &nbsp;&nbsp; 42012 |
| Graco, Inc. | 4884 | &nbsp;&nbsp; 426520 |
| Griffon Corp. | 1360 | &nbsp;&nbsp; 110772 |
| HEICO Corp.<sup>(b)</sup> | 1622 | &nbsp;&nbsp; 536736 |
| HNI Corp.<sup>(b)</sup> | 1349 | &nbsp;&nbsp; 64469 |
| Honeywell International, Inc. | 18724 | &nbsp;&nbsp; 4260085 |
| Hubbell, Inc. | 1565 | &nbsp;&nbsp; 763626 |
| Huntington Ingalls Industries, Inc. | 1154 | &nbsp;&nbsp; 485269 |
| Hyster-Yale, Inc. | 423 | &nbsp;&nbsp; 14149 |
| IDEX Corp. | 2200 | &nbsp;&nbsp; 436810 |
| Illinois Tool Works, Inc. | 8556 | &nbsp;&nbsp; 2235341 |
| Insperity, Inc. | 1108 | &nbsp;&nbsp; 47345 |
| ITT, Inc. | 2538 | &nbsp;&nbsp; 462677 |
| J.B. Hunt Transport Services, Inc. | 2803 | &nbsp;&nbsp; 568224 |
| Kadant, Inc. | 349 | &nbsp;&nbsp; 112043 |
| L3Harris Technologies, Inc. | 5517 | &nbsp;&nbsp; 1891503 |
| Landstar System, Inc. | 1009 | &nbsp;&nbsp; 150704 |
| Lennox International, Inc. | 1030 | &nbsp;&nbsp; 509932 |
| Lincoln Electric Holdings, Inc. | 1621 | &nbsp;&nbsp; 430132 |
| Lindsay Corp. | 314 | &nbsp;&nbsp; 39335 |
| Lockheed Martin Corp. | 6824 | &nbsp;&nbsp; 4327917 |
| Masco Corp. | 6116 | &nbsp;&nbsp; 404206 |
| Matson, Inc. | 915 | &nbsp;&nbsp; 146675 |
| MSA Safety, Inc. | 1151 | &nbsp;&nbsp; 203900 |
| Mueller Water Products, Inc., Class A | 4604 | &nbsp;&nbsp; 124630 |
| Nordson Corp. | 1655 | &nbsp;&nbsp; 454347 |
| Northrop Grumman Corp. | 4209 | &nbsp;&nbsp; 2913722 |
| Oshkosh Corp. | 1864 | &nbsp;&nbsp; 268081 |
| Owens Corning | 2417 | &nbsp;&nbsp; 289653 |
| Paychex, Inc. | 10597 | &nbsp;&nbsp; 1092869 |
| Republic Services, Inc. | 9130 | &nbsp;&nbsp; 1963772 |
| Robert Half, Inc. | 2979 | &nbsp;&nbsp; 103103 |
| Rockwell Automation, Inc. | 3307 | &nbsp;&nbsp; 1394397 |
| RTX Corp. | 39542 | &nbsp;&nbsp; 7945174 |
| Ryder System, Inc. | 1187 | &nbsp;&nbsp; 227049 |
| Simpson Manufacturing Co., Inc. | 1219 | &nbsp;&nbsp; 215495 |
| Snap-on, Inc. | 1531 | &nbsp;&nbsp; 560514 |
| Standex International Corp. | 359 | &nbsp;&nbsp; 86160 |
| Stanley Black & Decker, Inc. | 4561 | &nbsp;&nbsp; 358768 |
| Tennant Co. | 537 | &nbsp;&nbsp; 40860 |
| Tetra Tech, Inc. | 7681 | &nbsp;&nbsp; 289267 |
| Timken Co. (The) | 2054 | &nbsp;&nbsp; 191412 |
| Toro Co. (The) | 2881 | &nbsp;&nbsp; 263612 |
| Trane Technologies PLC | 6540 | &nbsp;&nbsp; 2750593 |
| Trinity Industries, Inc. | 2357 | &nbsp;&nbsp; 67740 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Industrials-(continued)** | **Industrials-(continued)** | **Industrials-(continued)** |
| UFP Industries, Inc. | 1716 | &nbsp;&nbsp; $177229 |
| Union Pacific Corp. | 17494 | &nbsp;&nbsp; 4112839 |
| United Parcel Service, Inc., Class B | 21794 | &nbsp;&nbsp; 2314959 |
| W.W. Grainger, Inc. | 1402 | &nbsp;&nbsp; 1514076 |
| Waste Management, Inc. | 11881 | &nbsp;&nbsp; 2640433 |
| Watsco, Inc.<sup>(b)</sup> | 1026 | &nbsp;&nbsp; 396498 |
| Watts Water Technologies, Inc., Class A | 803 | &nbsp;&nbsp; 240346 |
| Xylem, Inc. | 7167 | &nbsp;&nbsp; 988114 |
|  |  | &nbsp;&nbsp; 89711123 |
| **Information Technology-21.24%** | **Information Technology-21.24%** | **Information Technology-21.24%** |
| Accenture PLC, Class A | 18289 | &nbsp;&nbsp; 4821712 |
| Amphenol Corp., Class A | 36100 | &nbsp;&nbsp; 5201288 |
| Analog Devices, Inc. | 14441 | &nbsp;&nbsp; 4489418 |
| Apple, Inc. | 107571 | &nbsp;&nbsp; 27912523 |
| Avnet, Inc.<sup>(b)</sup> | 2391 | &nbsp;&nbsp; 149175 |
| Badger Meter, Inc. | 864 | &nbsp;&nbsp; 126645 |
| Broadcom, Inc. | 74419 | &nbsp;&nbsp; 24655015 |
| CDW Corp. | 3831 | &nbsp;&nbsp; 484200 |
| Cisco Systems, Inc. | 116526 | &nbsp;&nbsp; 9126316 |
| Dolby Laboratories, Inc., Class A<sup>(b)</sup> | 1793 | &nbsp;&nbsp; 115093 |
| HP, Inc. | 27515 | &nbsp;&nbsp; 534892 |
| International Business Machines Corp. | 27567 | &nbsp;&nbsp; 8454799 |
| Intuit, Inc. | 8207 | &nbsp;&nbsp; 4094636 |
| KLA Corp. | 3875 | &nbsp;&nbsp; 5533268 |
| Lam Research Corp. | 37043 | &nbsp;&nbsp; 8648059 |
| Littelfuse, Inc. | 729 | &nbsp;&nbsp; 236021 |
| Microchip Technology, Inc. | 15908 | &nbsp;&nbsp; 1207735 |
| Microsoft Corp. | 60950 | &nbsp;&nbsp; 26226176 |
| Motorola Solutions, Inc. | 4906 | &nbsp;&nbsp; 1974861 |
| Oracle Corp. | 84076 | &nbsp;&nbsp; 13837228 |
| Power Integrations, Inc.<sup>(b)</sup> | 1630 | &nbsp;&nbsp; 74882 |
| QUALCOMM, Inc. | 31586 | &nbsp;&nbsp; 4788122 |
| Roper Technologies, Inc. | 3170 | &nbsp;&nbsp; 1176799 |
| Skyworks Solutions, Inc.<sup>(b)</sup> | 4378 | &nbsp;&nbsp; 244117 |
| TE Connectivity PLC (Switzerland) | 8676 | &nbsp;&nbsp; 1932839 |
| Texas Instruments, Inc. | 26797 | &nbsp;&nbsp; 5776093 |
|  |  | &nbsp;&nbsp; 161821912 |
| **Materials-2.88%** | **Materials-2.88%** | **Materials-2.88%** |
| Air Products and Chemicals, Inc. | 6565 | &nbsp;&nbsp; 1788962 |
| Albemarle Corp. | 3468 | &nbsp;&nbsp; 591745 |
| AptarGroup, Inc. | 1934 | &nbsp;&nbsp; 241653 |
| Ashland, Inc. | 1345 | &nbsp;&nbsp; 82260 |
| Avery Dennison Corp. | 2272 | &nbsp;&nbsp; 421479 |
| Avient Corp. | 2694 | &nbsp;&nbsp; 97388 |
| Balchem Corp. | 951 | &nbsp;&nbsp; 161832 |
| Cabot Corp. | 1558 | &nbsp;&nbsp; 112472 |
| Eastman Chemical Co. | 3361 | &nbsp;&nbsp; 232985 |
| Ecolab, Inc. | 8353 | &nbsp;&nbsp; 2355462 |
| H.B. Fuller Co. | 1593 | &nbsp;&nbsp; 95739 |
| Hawkins, Inc. | 618 | &nbsp;&nbsp; 80494 |
| Innospec, Inc. | 725 | &nbsp;&nbsp; 59247 |
| Linde PLC | 13771 | &nbsp;&nbsp; 6292934 |
| LyondellBasell Industries N.V., Class A | 9472 | &nbsp;&nbsp; 464128 |
| Materion Corp. | 614 | &nbsp;&nbsp; 84904 |
| Nucor Corp. | 6734 | &nbsp;&nbsp; 1196766 |
| PPG Industries, Inc. | 6602 | &nbsp;&nbsp; 763389 |
| Quaker Chemical Corp. | 513 | &nbsp;&nbsp; 78869 |
| Reliance, Inc. | 1540 | &nbsp;&nbsp; 507430 |
| Royal Gold, Inc. | 2482 | &nbsp;&nbsp; 653535 |
| RPM International, Inc. | 3772 | &nbsp;&nbsp; 403453 |
| Sherwin-Williams Co. (The) | 7311 | &nbsp;&nbsp; 2592773 |

---

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

------

**Invesco Dividend Achievers**<sup>TM</sup> **ETF (PFM)—(continued)**

January 31, 2026

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Materials-(continued)** | **Materials-(continued)** | **Materials-(continued)** |
| Silgan Holdings, Inc. | 3151 | &nbsp;&nbsp; $135966 |
| Sonoco Products Co. | 2904 | &nbsp;&nbsp; 139392 |
| Steel Dynamics, Inc. | 4300 | &nbsp;&nbsp; 772151 |
| Stepan Co. | 670 | &nbsp;&nbsp; 38599 |
| Vulcan Materials Co. | 3888 | &nbsp;&nbsp; 1168500 |
| Westlake Corp.<sup>(b)</sup> | 3774 | &nbsp;&nbsp; 299354 |
|  |  | &nbsp;&nbsp; 21913861 |
| **Real Estate-1.61%** | **Real Estate-1.61%** | **Real Estate-1.61%** |
| Agree Realty Corp. | 3386 | &nbsp;&nbsp; 244571 |
| Alexandria Real Estate Equities, Inc. | 5084 | &nbsp;&nbsp; 277790 |
| American Tower Corp. | 13807 | &nbsp;&nbsp; 2475319 |
| CareTrust REIT, Inc.<sup>(b)</sup> | 6570 | &nbsp;&nbsp; 245324 |
| CubeSmart | 6710 | &nbsp;&nbsp; 251826 |
| EastGroup Properties, Inc. | 1571 | &nbsp;&nbsp; 285357 |
| Equity LifeStyle Properties, Inc.<sup>(b)</sup> | 5705 | &nbsp;&nbsp; 360385 |
| Essex Property Trust, Inc. | 1898 | &nbsp;&nbsp; 478049 |
| First Industrial Realty Trust, Inc. | 3897 | &nbsp;&nbsp; 226143 |
| Getty Realty Corp. | 1701 | &nbsp;&nbsp; 50792 |
| Gladstone Land Corp.<sup>(b)</sup> | 1096 | &nbsp;&nbsp; 12220 |
| Mid-America Apartment Communities, Inc. | 3450 | &nbsp;&nbsp; 463335 |
| NNN REIT, Inc. | 5590 | &nbsp;&nbsp; 232935 |
| Prologis, Inc. | 27394 | &nbsp;&nbsp; 3576561 |
| Realty Income Corp. | 27130 | &nbsp;&nbsp; 1659271 |
| Regency Centers Corp. | 5382 | &nbsp;&nbsp; 392186 |
| Rexford Industrial Realty, Inc. | 6851 | &nbsp;&nbsp; 277671 |
| STAG Industrial, Inc. | 5496 | &nbsp;&nbsp; 206155 |
| Terreno Realty Corp. | 3045 | &nbsp;&nbsp; 187389 |
| UDR, Inc. | 9727 | &nbsp;&nbsp; 361358 |
| Universal Health Realty Income Trust | 411 | &nbsp;&nbsp; 16329 |
|  |  | &nbsp;&nbsp; 12280966 |
| **Utilities-4.18%** | **Utilities-4.18%** | **Utilities-4.18%** |
| AES Corp. (The) | 20958 | &nbsp;&nbsp; 307035 |
| Alliant Energy Corp. | 7569 | &nbsp;&nbsp; 498873 |
| Ameren Corp. | 7959 | &nbsp;&nbsp; 822006 |
| American Electric Power Co., Inc. | 15752 | &nbsp;&nbsp; 1886696 |
| American States Water Co. | 1138 | &nbsp;&nbsp; 83028 |
| American Water Works Co., Inc. | 5744 | &nbsp;&nbsp; 741723 |
| Artesian Resources Corp., Class A | 279 | &nbsp;&nbsp; 9307 |
| Atmos Energy Corp. | 4762 | &nbsp;&nbsp; 792111 |
| Avista Corp. | 2393 | &nbsp;&nbsp; 98807 |
| Black Hills Corp. | 2218 | &nbsp;&nbsp; 161870 |
| &nbsp;&nbsp;&nbsp; Brookfield Infrastructure Partners L.P. <br> (Canada)<br>| 13580 | &nbsp;&nbsp; 490917 |
| Brookfield Renewable Partners L.P. (Canada) | 8801 | &nbsp;&nbsp; 262534 |
| California Water Service Group | 1756 | &nbsp;&nbsp; 78493 |
| Chesapeake Utilities Corp. | 700 | &nbsp;&nbsp; 90076 |
| CMS Energy Corp. | 8960 | &nbsp;&nbsp; 640550 |
| Consolidated Edison, Inc. | 10628 | &nbsp;&nbsp; 1133264 |
| DTE Energy Co. | 6116 | &nbsp;&nbsp; 821868 |
| Duke Energy Corp. | 22935 | &nbsp;&nbsp; 2783162 |
| Edison International | 11326 | &nbsp;&nbsp; 705383 |
| Entergy Corp. | 13148 | &nbsp;&nbsp; 1260762 |
| Essential Utilities, Inc. | 8328 | &nbsp;&nbsp; 323043 |
| Evergy, Inc. | 6774 | &nbsp;&nbsp; 519769 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Utilities-(continued)** | **Utilities-(continued)** | **Utilities-(continued)** |
| Eversource Energy | 11042 | &nbsp;&nbsp; $763333 |
| H2O America | 1052 | &nbsp;&nbsp; 54746 |
| IDACORP, Inc. | 1592 | &nbsp;&nbsp; 211402 |
| MGE Energy, Inc. | 1074 | &nbsp;&nbsp; 85791 |
| Middlesex Water Co. | 543 | &nbsp;&nbsp; 28442 |
| National Fuel Gas Co. | 2659 | &nbsp;&nbsp; 222691 |
| New Jersey Resources Corp. | 2966 | &nbsp;&nbsp; 146758 |
| NextEra Energy, Inc. | 61421 | &nbsp;&nbsp; 5398906 |
| NiSource, Inc. | 14044 | &nbsp;&nbsp; 622009 |
| Northwest Natural Holding Co. | 1221 | &nbsp;&nbsp; 56850 |
| NorthWestern Energy Group, Inc. | 1810 | &nbsp;&nbsp; 122827 |
| OGE Energy Corp. | 6052 | &nbsp;&nbsp; 264351 |
| ONE Gas, Inc. | 1768 | &nbsp;&nbsp; 140662 |
| Otter Tail Corp. | 1232 | &nbsp;&nbsp; 109845 |
| Pinnacle West Capital Corp. | 3527 | &nbsp;&nbsp; 329986 |
| Portland General Electric Co. | 3314 | &nbsp;&nbsp; 166528 |
| Public Service Enterprise Group, Inc. | 14694 | &nbsp;&nbsp; 1210198 |
| Sempra | 19249 | &nbsp;&nbsp; 1674855 |
| Southern Co. (The) | 32474 | &nbsp;&nbsp; 2900253 |
| Spire, Inc. | 1740 | &nbsp;&nbsp; 147013 |
| UGI Corp. | 6318 | &nbsp;&nbsp; 253415 |
| Unitil Corp. | 530 | &nbsp;&nbsp; 26982 |
| WEC Energy Group, Inc. | 9573 | &nbsp;&nbsp; 1059444 |
| Xcel Energy, Inc. | 17413 | &nbsp;&nbsp; 1324433 |
| York Water Co. (The) | 427 | &nbsp;&nbsp; 14339 |
|  |  | &nbsp;&nbsp; 31847336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $526,807,451) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $526,807,451) | &nbsp;&nbsp; 761753412 |
| **Money Market Funds-0.09%** | **Money Market Funds-0.09%** | **Money Market Funds-0.09%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 3.61%<sup>(c)(d)</sup> <br>(Cost $651,297)<br>| 651297 | &nbsp;&nbsp; 651297 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.07% <br>(Cost $527,458,748) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.07% <br>(Cost $527,458,748) | &nbsp;&nbsp; 762404709 |
| **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** |
| **Money Market Funds-0.59%** | **Money Market Funds-0.59%** | **Money Market Funds-0.59%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 3.65%<sup>(c)(d)(e)</sup><br>| 1249953 | &nbsp;&nbsp; 1249953 |
| Invesco Private Prime Fund, 3.80%<sup>(c)(d)(e)</sup> | 3245377 | &nbsp;&nbsp; 3246351 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $4,496,304) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $4,496,304) | &nbsp;&nbsp; 4496304 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-100.66% <br>(Cost $531,955,052) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-100.66% <br>(Cost $531,955,052) | &nbsp;&nbsp; 766901013 |
| OTHER ASSETS LESS LIABILITIES-(0.66)% | OTHER ASSETS LESS LIABILITIES-(0.66)% | &nbsp;&nbsp; (5011035)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $761889978 |

---

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

------

**Invesco Dividend Achievers**<sup>TM</sup> **ETF (PFM)—(continued)**

January 31, 2026

*(Unaudited)*

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 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 <br> the exclusive property and a service mark of MSCI Inc. and Standard & Poor's.<br>|
| <sup>(b)</sup> | All or a portion of this security was out on loan at January 31, 2026. |
| <sup>(c)</sup> | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in <br> which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund's transactions in, and earnings from, its investments in <br> affiliates for the nine months ended January 31, 2026.<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**April 30, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain**<br>| **Value** <br>**January 31, 2026**<br>| **Dividend Income** |
| **Investments in Affiliated** <br> **Money Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & <br> Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; $766849 | &nbsp;&nbsp;&nbsp; $12548731 | &nbsp;&nbsp;&nbsp; $(12664283)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $651297 | &nbsp;&nbsp;&nbsp; $24148 |
| **Investments Purchased** <br> **with Cash Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private Government <br> Fund<br>| &nbsp;&nbsp;&nbsp; 3748139 | &nbsp;&nbsp;&nbsp; 26490678 | &nbsp;&nbsp;&nbsp; (28988864)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 1249953 | &nbsp;&nbsp;&nbsp; 70,500<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp; 9743106 | &nbsp;&nbsp;&nbsp; 52287615 | &nbsp;&nbsp;&nbsp; (58785202)<br>| &nbsp;&nbsp;&nbsp; 451 | &nbsp;&nbsp;&nbsp; 381 | &nbsp;&nbsp;&nbsp; 3246351 | &nbsp;&nbsp;&nbsp; 191,911<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $14258094 | &nbsp;&nbsp;&nbsp; $91327024 | &nbsp;&nbsp;&nbsp; $(100438349)<br>| &nbsp;&nbsp;&nbsp; $451 | &nbsp;&nbsp;&nbsp; $381 | &nbsp;&nbsp;&nbsp; $5147601 | &nbsp;&nbsp;&nbsp; $286559 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(d)</sup> The rate shown is the 7-day SEC standardized yield as of January 31, 2026. <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>

**Invesco Dow Jones Industrial Average Dividend ETF (DJD)**

January 31, 2026

*(Unaudited)*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-99.74%** | **Common Stocks & Other Equity Interests-99.74%** | **Common Stocks & Other Equity Interests-99.74%** |
| **Communication Services-11.69%** | **Communication Services-11.69%** | **Communication Services-11.69%** |
| Verizon Communications, Inc. | 965069 | &nbsp;&nbsp; $42964872 |
| Walt Disney Co. (The) | 49978 | &nbsp;&nbsp; 5637518 |
|  |  | &nbsp;&nbsp; 48602390 |
| **Consumer Discretionary-9.97%** | **Consumer Discretionary-9.97%** | **Consumer Discretionary-9.97%** |
| Home Depot, Inc. (The) | 36685 | &nbsp;&nbsp; 13741834 |
| McDonald's Corp. | 50568 | &nbsp;&nbsp; 15928920 |
| NIKE, Inc., Class B | 190781 | &nbsp;&nbsp; 11792174 |
|  |  | &nbsp;&nbsp; 41462928 |
| **Consumer Staples-10.86%** | **Consumer Staples-10.86%** | **Consumer Staples-10.86%** |
| Coca-Cola Co. (The) | 284017 | &nbsp;&nbsp; 21247312 |
| Procter & Gamble Co. (The) | 111597 | &nbsp;&nbsp; 16937077 |
| Walmart, Inc. | 58388 | &nbsp;&nbsp; 6956346 |
|  |  | &nbsp;&nbsp; 45140735 |
| **Energy-7.50%** | **Energy-7.50%** | **Energy-7.50%** |
| Chevron Corp. | 176238 | &nbsp;&nbsp; 31176502 |
| **Financials-11.24%** | **Financials-11.24%** | **Financials-11.24%** |
| American Express Co. | 17912 | &nbsp;&nbsp; 6308069 |
| Goldman Sachs Group, Inc. (The) | 14343 | &nbsp;&nbsp; 13416586 |
| JPMorgan Chase & Co. | 37798 | &nbsp;&nbsp; 11562030 |
| Travelers Cos., Inc. (The) | 38912 | &nbsp;&nbsp; 11070853 |
| Visa, Inc., Class A | 13604 | &nbsp;&nbsp; 4378175 |
|  |  | &nbsp;&nbsp; 46735713 |
| **Health Care-24.68%** | **Health Care-24.68%** | **Health Care-24.68%** |
| Amgen, Inc. | 81384 | &nbsp;&nbsp; 27823562 |
| Johnson & Johnson | 109097 | &nbsp;&nbsp; 24792293 |
| Merck & Co., Inc. | 313976 | &nbsp;&nbsp; 34622133 |
| UnitedHealth Group, Inc. | 53548 | &nbsp;&nbsp; 15364528 |
|  |  | &nbsp;&nbsp; 102602516 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Industrials-10.05%** | **Industrials-10.05%** | **Industrials-10.05%** |
| 3M Co. | 80293 | &nbsp;&nbsp; $12297676 |
| Caterpillar, Inc. | 21791 | &nbsp;&nbsp; 14324532 |
| Honeywell International, Inc. | 66637 | &nbsp;&nbsp; 15161250 |
|  |  | &nbsp;&nbsp; 41783458 |
| **Information Technology-12.47%** | **Information Technology-12.47%** | **Information Technology-12.47%** |
| Apple, Inc. | 13019 | &nbsp;&nbsp; 3378170 |
| Cisco Systems, Inc. | 232851 | &nbsp;&nbsp; 18236891 |
| International Business Machines Corp. | 73153 | &nbsp;&nbsp; 22436025 |
| Microsoft Corp. | 8973 | &nbsp;&nbsp; 3860992 |
| NVIDIA Corp. | 879 | &nbsp;&nbsp; 168003 |
| Salesforce, Inc. | 17622 | &nbsp;&nbsp; 3740975 |
|  |  | &nbsp;&nbsp; 51821056 |
| **Materials-1.28%** | **Materials-1.28%** | **Materials-1.28%** |
| Sherwin-Williams Co. (The) | 14994 | &nbsp;&nbsp; 5317472 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $353,647,403) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $353,647,403) | &nbsp;&nbsp; 414642770 |
| **Money Market Funds-0.06%** | **Money Market Funds-0.06%** | **Money Market Funds-0.06%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 3.61%<sup>(b)(c)</sup> <br>(Cost $239,555)<br>| 239555 | &nbsp;&nbsp; 239555 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-99.80% <br>(Cost $353,886,958) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-99.80% <br>(Cost $353,886,958) | &nbsp;&nbsp; 414882325 |
| OTHER ASSETS LESS LIABILITIES-0.20% | OTHER ASSETS LESS LIABILITIES-0.20% | &nbsp;&nbsp; 846422 |
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $415728747 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 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 <br> the exclusive property and a service mark of MSCI Inc. and Standard & Poor's.<br>|
| <sup>(b)</sup> | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in <br> which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund's transactions in, and earnings from, its investments in <br> affiliates for the nine months ended January 31, 2026.<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**April 30, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Value** <br>**January 31, 2026**<br>| **Dividend Income** |
| **Investments in Affiliated** <br> **Money Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & <br> Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; $385164 | &nbsp;&nbsp;&nbsp; $9233998 | &nbsp;&nbsp;&nbsp; $(9379607)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $239555 | &nbsp;&nbsp;&nbsp; $9901 |
| **Investments Purchased** <br> **with Cash Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 29983220 | &nbsp;&nbsp;&nbsp; (29983220)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 7,293<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 65617417 | &nbsp;&nbsp;&nbsp; (65616504)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; (913)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 21,072<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $385164 | &nbsp;&nbsp;&nbsp; $104834635 | &nbsp;&nbsp;&nbsp; $(104979331)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $(913)<br>| &nbsp;&nbsp;&nbsp; $239555 | &nbsp;&nbsp;&nbsp; $38266 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(c)</sup> The rate shown is the 7-day SEC standardized yield as of January 31, 2026.

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>

**Invesco Financial Preferred ETF (PGF)**

January 31, 2026

*(Unaudited)*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Preferred Stocks-99.84%** | **Preferred Stocks-99.84%** | **Preferred Stocks-99.84%** |
| **Banks-54.28%** | **Banks-54.28%** | **Banks-54.28%** |
| Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Series PP, Pfd., 4.13% | 395611 | &nbsp;&nbsp; $6836158 |
| &nbsp;&nbsp;&nbsp; Series QQ, Pfd., 4.25%<sup>(b)</sup> | 562250 | &nbsp;&nbsp; 9934957 |
| &nbsp;&nbsp;&nbsp; Series NN, Pfd., 4.38%<sup>(b)</sup> | 466021 | &nbsp;&nbsp; 8504883 |
| &nbsp;&nbsp;&nbsp; Series SS, Pfd., 4.75% | 297202 | &nbsp;&nbsp; 5899460 |
| &nbsp;&nbsp;&nbsp; Series LL, Pfd., 5.00% | 564068 | &nbsp;&nbsp; 12009008 |
| &nbsp;&nbsp;&nbsp; Series KK, Pfd., 5.38% | 599054 | &nbsp;&nbsp; 13616497 |
| &nbsp;&nbsp;&nbsp; Series HH, Pfd., 5.88%<sup>(b)</sup> | 369045 | &nbsp;&nbsp; 9229815 |
| &nbsp;&nbsp;&nbsp; Series GG, Pfd., 6.00%<sup>(b)</sup> | 585276 | &nbsp;&nbsp; 14731397 |
| Bank OZK, Series A, Pfd., 4.63% | 209930 | &nbsp;&nbsp; 3516328 |
| Citizens Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Series E, Pfd., 5.00% | 269890 | &nbsp;&nbsp; 5327629 |
| &nbsp;&nbsp;&nbsp; Series I, Pfd., 6.50%<sup>(c)</sup> | 239910 | &nbsp;&nbsp; 6129701 |
| &nbsp;&nbsp;&nbsp; Pfd., 7.38%<sup>(b)</sup> | 239910 | &nbsp;&nbsp; 6297637 |
| Comerica, Inc., Series B, Pfd., 6.88%<sup>(c)</sup> | 239910 | &nbsp;&nbsp; 6177682 |
| Fifth Third Bancorp, Series K, Pfd., 4.95% | 149935 | &nbsp;&nbsp; 2979208 |
| &nbsp;&nbsp;&nbsp; First Citizens BancShares, Inc., Series A, Pfd., <br> 5.38%<br>| 206936 | &nbsp;&nbsp; 4310477 |
| Flagstar Bank N.A, Series A, Pfd., 6.38%<sup>(b)(c)</sup> | 308889 | &nbsp;&nbsp; 7017958 |
| Huntington Bancshares, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Series H, Pfd., 4.50% | 299867 | &nbsp;&nbsp; 5313643 |
| &nbsp;&nbsp;&nbsp; Series J, Pfd., 6.88%<sup>(c)</sup> | 194923 | &nbsp;&nbsp; 4941298 |
| JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp; Series MM, Pfd., 4.20% | 867047 | &nbsp;&nbsp; 16109733 |
| &nbsp;&nbsp;&nbsp; Series JJ, Pfd., 4.55%<sup>(b)</sup> | 650285 | &nbsp;&nbsp; 12726077 |
| &nbsp;&nbsp;&nbsp; Series LL, Pfd., 4.63% | 802019 | &nbsp;&nbsp; 15960178 |
| &nbsp;&nbsp;&nbsp; Series GG, Pfd., 4.75% | 390086 | &nbsp;&nbsp; 7938250 |
| &nbsp;&nbsp;&nbsp; Series DD, Pfd., 5.75% | 735364 | &nbsp;&nbsp; 18384100 |
| &nbsp;&nbsp;&nbsp; Series EE, Pfd., 6.00%<sup>(b)</sup> | 802019 | &nbsp;&nbsp; 20154737 |
| KeyCorp |  |  |
| &nbsp;&nbsp;&nbsp; Series G, Pfd., 5.63% | 269805 | &nbsp;&nbsp; 5916824 |
| &nbsp;&nbsp;&nbsp; Series F, Pfd., 5.65% | 254882 | &nbsp;&nbsp; 5592111 |
| &nbsp;&nbsp;&nbsp; Series E, Pfd., 6.13%<sup>(b)(c)</sup> | 299809 | &nbsp;&nbsp; 7546193 |
| &nbsp;&nbsp;&nbsp; Pfd., 6.20%<sup>(c)</sup> | 359827 | &nbsp;&nbsp; 9110820 |
| M&T Bank Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Series H, Pfd., 5.63%<sup>(b)(c)</sup> | 149935 | &nbsp;&nbsp; 3757371 |
| &nbsp;&nbsp;&nbsp; Series K, Pfd., 6.35% | 269846 | &nbsp;&nbsp; 6862184 |
| &nbsp;&nbsp;&nbsp; Series J, Pfd., 7.50% | 449744 | &nbsp;&nbsp; 12084621 |
| Regions Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Series E, Pfd., 4.45% | 239910 | &nbsp;&nbsp; 4162439 |
| &nbsp;&nbsp;&nbsp; Series C, Pfd., 5.70%<sup>(c)</sup> | 299867 | &nbsp;&nbsp; 7409714 |
| &nbsp;&nbsp;&nbsp; Pfd., 6.95%<sup>(c)</sup> | 299867 | &nbsp;&nbsp; 7631615 |
| &nbsp;&nbsp;&nbsp; Texas Capital Bancshares, Inc., Series B, Pfd., <br> 5.75%<br>| 179914 | &nbsp;&nbsp; 3753006 |
| Truist Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Series R, Pfd., 4.75%<sup>(b)</sup> | 554788 | &nbsp;&nbsp; 10884941 |
| &nbsp;&nbsp;&nbsp; Series O, Pfd., 5.25%<sup>(b)</sup> | 344857 | &nbsp;&nbsp; 7673068 |
| U.S. Bancorp |  |  |
| &nbsp;&nbsp;&nbsp; Series L, Pfd., 3.75% | 299840 | &nbsp;&nbsp; 4635526 |
| &nbsp;&nbsp;&nbsp; Series M, Pfd., 4.00%<sup>(b)</sup> | 449695 | &nbsp;&nbsp; 7410974 |
| &nbsp;&nbsp;&nbsp; Series O, Pfd., 4.50% | 269832 | &nbsp;&nbsp; 4986495 |
| &nbsp;&nbsp;&nbsp; Series K, Pfd., 5.50% | 344842 | &nbsp;&nbsp; 8100339 |
| UMB Financial Corp., Pfd., 7.75%<sup>(c)</sup> | 179914 | &nbsp;&nbsp; 4873870 |
| WaFd, Inc., Series A, Pfd., 4.88% | 179914 | &nbsp;&nbsp; 2981175 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Banks-(continued)** | **Banks-(continued)** | **Banks-(continued)** |
| Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp; Series DD, Pfd., 4.25% | 541866 | &nbsp;&nbsp; $9628959 |
| &nbsp;&nbsp;&nbsp; Series CC, Pfd., 4.38% | 455103 | &nbsp;&nbsp; 8323834 |
| &nbsp;&nbsp;&nbsp; Series AA, Pfd., 4.70% | 507173 | &nbsp;&nbsp; 9864515 |
| &nbsp;&nbsp;&nbsp; Series Z, Pfd., 4.75% | 872466 | &nbsp;&nbsp; 17187580 |
| &nbsp;&nbsp;&nbsp; Series Y, Pfd., 5.63% | 298889 | &nbsp;&nbsp; 7257025 |
| &nbsp;&nbsp;&nbsp; Western Alliance Bancorporation, Series A, <br> Pfd., 4.25%<sup>(c)</sup><br>| 179914 | &nbsp;&nbsp; 4170407 |
|  |  | &nbsp;&nbsp; 405852417 |
| **Capital Markets-15.83%** | **Capital Markets-15.83%** | **Capital Markets-15.83%** |
| &nbsp;&nbsp;&nbsp; Bank of New York Mellon Corp. (The), Series K, <br> Pfd., 6.15%<sup>(c)</sup><br>| 299867 | &nbsp;&nbsp; 7724574 |
| Charles Schwab Corp. (The) |  |  |
| &nbsp;&nbsp;&nbsp; Series J, Pfd., 4.45%<sup>(b)</sup> | 359865 | &nbsp;&nbsp; 6866224 |
| &nbsp;&nbsp;&nbsp; Series D, Pfd., 5.95%<sup>(b)</sup> | 449840 | &nbsp;&nbsp; 11394447 |
| Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp; Series O, Pfd., 4.25% | 563469 | &nbsp;&nbsp; 10057922 |
| &nbsp;&nbsp;&nbsp; Series L, Pfd., 4.88% | 216409 | &nbsp;&nbsp; 4522948 |
| &nbsp;&nbsp;&nbsp; Series K, Pfd., 5.85% | 433486 | &nbsp;&nbsp; 10672425 |
| &nbsp;&nbsp;&nbsp; Series I, Pfd., 6.38% | 433490 | &nbsp;&nbsp; 10954292 |
| &nbsp;&nbsp;&nbsp; Series P, Pfd., 6.50% | 433524 | &nbsp;&nbsp; 11037521 |
| &nbsp;&nbsp;&nbsp; Series Q, Pfd., 6.63% | 433488 | &nbsp;&nbsp; 11366056 |
| &nbsp;&nbsp;&nbsp; Series F, Pfd., 6.88% | 368495 | &nbsp;&nbsp; 9304499 |
| &nbsp;&nbsp;&nbsp; Series E, Pfd., 7.13% | 373843 | &nbsp;&nbsp; 9547950 |
| Northern Trust Corp., Series E, Pfd., 4.70% | 239910 | &nbsp;&nbsp; 4719030 |
| State Street Corp., Series G, Pfd., 5.35% | 299867 | &nbsp;&nbsp; 7025884 |
| Stifel Financial Corp., Series D, Pfd., 4.50% | 179914 | &nbsp;&nbsp; 3126905 |
|  |  | &nbsp;&nbsp; 118320677 |
| **Consumer Finance-6.72%** | **Consumer Finance-6.72%** | **Consumer Finance-6.72%** |
| Capital One Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Series N, Pfd., 4.25%<sup>(b)</sup> | 200683 | &nbsp;&nbsp; 3351406 |
| &nbsp;&nbsp;&nbsp; Series L, Pfd., 4.38%<sup>(b)</sup> | 319079 | &nbsp;&nbsp; 5411580 |
| &nbsp;&nbsp;&nbsp; Series J, Pfd., 4.80% | 590730 | &nbsp;&nbsp; 10893061 |
| &nbsp;&nbsp;&nbsp; Series I, Pfd., 5.00% | 708778 | &nbsp;&nbsp; 13955839 |
| Synchrony Financial |  |  |
| &nbsp;&nbsp;&nbsp; Series A, Pfd., 5.63% | 449840 | &nbsp;&nbsp; 8843854 |
| &nbsp;&nbsp;&nbsp; Series B, Pfd., 8.25%<sup>(c)</sup> | 299867 | &nbsp;&nbsp; 7790545 |
|  |  | &nbsp;&nbsp; 50246285 |
| **Financial Services-3.48%** | **Financial Services-3.48%** | **Financial Services-3.48%** |
| Equitable Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Series C, Pfd., 4.30% | 179914 | &nbsp;&nbsp; 2997367 |
| &nbsp;&nbsp;&nbsp; Series A, Pfd., 5.25%<sup>(b)</sup> | 479820 | &nbsp;&nbsp; 10047431 |
| Jackson Financial, Inc., Pfd., 8.00%<sup>(c)</sup> | 329885 | &nbsp;&nbsp; 8613298 |
| Voya Financial, Inc., Series B, Pfd., 5.35%<sup>(c)</sup> | 179914 | &nbsp;&nbsp; 4386303 |
|  |  | &nbsp;&nbsp; 26044399 |
| **Insurance-19.53%** | **Insurance-19.53%** | **Insurance-19.53%** |
| Allstate Corp. (The) |  |  |
| &nbsp;&nbsp;&nbsp; Series I, Pfd., 4.75% | 179870 | &nbsp;&nbsp; 3552432 |
| &nbsp;&nbsp;&nbsp; Series H, Pfd., 5.10% | 689613 | &nbsp;&nbsp; 14861160 |
| &nbsp;&nbsp;&nbsp; Series J, Pfd., 7.38% | 359810 | &nbsp;&nbsp; 9614123 |
| American National Group, Inc., Pfd., 7.38% | 179914 | &nbsp;&nbsp; 4508645 |
| Arch Capital Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series G, Pfd., 4.55%<sup>(b)</sup> | 299867 | &nbsp;&nbsp; 5337633 |
| &nbsp;&nbsp;&nbsp; Series F, Pfd., 5.45% | 197917 | &nbsp;&nbsp; 4191882 |
| Aspen Insurance Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Pfd., 5.63% (Bermuda) | 149935 | &nbsp;&nbsp; 2977709 |
| &nbsp;&nbsp;&nbsp; Pfd., 5.63% (Bermuda) | 149935 | &nbsp;&nbsp; 2967214 |

---

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

------

**Invesco Financial Preferred ETF (PGF)—(continued)**

January 31, 2026

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Insurance-(continued)** | **Insurance-(continued)** | **Insurance-(continued)** |
| Athene Holding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series D, Pfd., 4.88% | 344803 | &nbsp;&nbsp; $5851307 |
| &nbsp;&nbsp;&nbsp; Series B, Pfd., 5.63% | 206882 | &nbsp;&nbsp; 4106608 |
| &nbsp;&nbsp;&nbsp; Series A, Pfd., 6.35%<sup>(c)</sup> | 517205 | &nbsp;&nbsp; 12816340 |
| &nbsp;&nbsp;&nbsp; Series E, Pfd., 7.75%<sup>(c)</sup> | 299829 | &nbsp;&nbsp; 7753578 |
| &nbsp;&nbsp;&nbsp; AXIS Capital Holdings Ltd., Series E, Pfd., <br> 5.50%<sup>(b)</sup><br>| 329885 | &nbsp;&nbsp; 6693367 |
| Brighthouse Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Series D, Pfd., 4.63% | 209930 | &nbsp;&nbsp; 2561146 |
| &nbsp;&nbsp;&nbsp; Series C, Pfd., 5.38%<sup>(b)</sup> | 344857 | &nbsp;&nbsp; 4731438 |
| &nbsp;&nbsp;&nbsp; Series A, Pfd., 6.60%<sup>(b)</sup> | 254918 | &nbsp;&nbsp; 4292819 |
| &nbsp;&nbsp;&nbsp; Series B, Pfd., 6.75% | 241425 | &nbsp;&nbsp; 4138024 |
| &nbsp;&nbsp;&nbsp; Hartford Insurance Group, Inc. (The), Series G, <br> Pfd., 6.00%<br>| 206936 | &nbsp;&nbsp; 5198232 |
| &nbsp;&nbsp;&nbsp; Lincoln National Corp., Series D, Pfd., <br> 9.00%<sup>(b)</sup><br>| 299867 | &nbsp;&nbsp; 8039434 |
| MetLife, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Series F, Pfd., 4.75% | 599683 | &nbsp;&nbsp; 11993660 |
| &nbsp;&nbsp;&nbsp; Series E, Pfd., 5.63% | 482704 | &nbsp;&nbsp; 11623512 |
| RenaissanceRe Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series G, Pfd., 4.20% (Bermuda)<sup>(b)</sup> | 299867 | &nbsp;&nbsp; 4845851 |
| &nbsp;&nbsp;&nbsp; Series F, Pfd., 5.75% (Bermuda)<sup>(b)</sup> | 149935 | &nbsp;&nbsp; 3352547 |
|  |  | &nbsp;&nbsp; 146008661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Preferred Stocks <br>(Cost $849,226,312) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Preferred Stocks <br>(Cost $849,226,312) | &nbsp;&nbsp; 746472439 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Money Market Funds-0.01%** |  |  |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 3.61%<sup>(d)(e)</sup> <br>(Cost $47,800)<br>| 47800 | &nbsp;&nbsp; $47800 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.85% <br>(Cost $849,274,112) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.85% <br>(Cost $849,274,112) | &nbsp;&nbsp; 746520239 |
| **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** | **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** | **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** |
| **Money Market Funds-0.77%** | **Money Market Funds-0.77%** | **Money Market Funds-0.77%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 3.65%<sup>(d)(e)(f)</sup><br>| 1606886 | &nbsp;&nbsp; 1606886 |
| Invesco Private Prime Fund, 3.80%<sup>(d)(e)(f)</sup> | 4124338 | &nbsp;&nbsp; 4125575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $5,732,461) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $5,732,461) | &nbsp;&nbsp; 5732461 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-100.62% <br>(Cost $855,006,573) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-100.62% <br>(Cost $855,006,573) | &nbsp;&nbsp; 752252700 |
| OTHER ASSETS LESS LIABILITIES-(0.62)% | OTHER ASSETS LESS LIABILITIES-(0.62)% | &nbsp;&nbsp; (4598185)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $747654515 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Investment Abbreviations: <br> Pfd. -Preferred

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 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 <br> the exclusive property and a service mark of MSCI Inc. and Standard & Poor's.<br>|
| <sup>(b)</sup> | All or a portion of this security was out on loan at January 31, 2026. |
| <sup>(c)</sup> | Security issued at a fixed rate for a specific period of time, after which it will convert to a variable rate. |
| <sup>(d)</sup> | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in <br> which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund's transactions in, and earnings from, its investments in <br> affiliates for the nine months ended January 31, 2026.<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**April 30, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Value** <br>**January 31, 2026**<br>| **Dividend Income** |
| **Investments in Affiliated** <br> **Money Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & <br> Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $33147841 | &nbsp;&nbsp;&nbsp; $(33100041)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $47800 | &nbsp;&nbsp;&nbsp; $23556 |
| **Investments Purchased** <br> **with Cash Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; 17074247 | &nbsp;&nbsp;&nbsp; 25245653 | &nbsp;&nbsp;&nbsp; (40713014)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 1606886 | &nbsp;&nbsp;&nbsp; 306,697<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp; 44360035 | &nbsp;&nbsp;&nbsp; 56080491 | &nbsp;&nbsp;&nbsp; (96317770)<br>| &nbsp;&nbsp;&nbsp; 3420 | &nbsp;&nbsp;&nbsp; (601)<br>| &nbsp;&nbsp;&nbsp; 4125575 | &nbsp;&nbsp;&nbsp; 822,363<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $61434282 | &nbsp;&nbsp;&nbsp; $114473985 | &nbsp;&nbsp;&nbsp; $(170130825)<br>| &nbsp;&nbsp;&nbsp; $3420 | &nbsp;&nbsp;&nbsp; $(601)<br>| &nbsp;&nbsp;&nbsp; $5780261 | &nbsp;&nbsp;&nbsp; $1152616 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(e)</sup> The rate shown is the 7-day SEC standardized yield as of January 31, 2026. <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>

**Invesco High Yield Equity Dividend Achievers**<sup>TM</sup> **ETF (PEY)**

January 31, 2026

*(Unaudited)*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-99.89%** | **Common Stocks & Other Equity Interests-99.89%** | **Common Stocks & Other Equity Interests-99.89%** |
| **Air Freight & Logistics-2.87%** | **Air Freight & Logistics-2.87%** | **Air Freight & Logistics-2.87%** |
| United Parcel Service, Inc., Class B | 286344 | &nbsp;&nbsp; $30415460 |
| **Banks-13.42%** | **Banks-13.42%** | **Banks-13.42%** |
| Associated Banc-Corp | 531835 | &nbsp;&nbsp; 14497822 |
| Atlantic Union Bankshares Corp., Class B<sup>(b)</sup> | 485326 | &nbsp;&nbsp; 18850062 |
| Regions Financial Corp. | 626166 | &nbsp;&nbsp; 17845731 |
| Simmons First National Corp., Class A<sup>(b)</sup> | 984053 | &nbsp;&nbsp; 20005798 |
| U.S. Bancorp | 335429 | &nbsp;&nbsp; 18820921 |
| United Bankshares, Inc. | 426446 | &nbsp;&nbsp; 18051459 |
| WaFd, Inc.<sup>(b)</sup> | 430529 | &nbsp;&nbsp; 14043856 |
| WesBanco, Inc. | 567900 | &nbsp;&nbsp; 20041191 |
|  |  | &nbsp;&nbsp; 142156840 |
| **Capital Markets-6.61%** | **Capital Markets-6.61%** | **Capital Markets-6.61%** |
| Franklin Resources, Inc. | 1004842 | &nbsp;&nbsp; 26748894 |
| Main Street Capital Corp.<sup>(b)</sup> | 359313 | &nbsp;&nbsp; 22924170 |
| T. Rowe Price Group, Inc. | 192559 | &nbsp;&nbsp; 20349635 |
|  |  | &nbsp;&nbsp; 70022699 |
| **Chemicals-3.78%** | **Chemicals-3.78%** | **Chemicals-3.78%** |
| LyondellBasell Industries N.V., Class A | 817587 | &nbsp;&nbsp; 40061763 |
| **Consumer Staples Distribution & Retail-2.20%** | **Consumer Staples Distribution & Retail-2.20%** | **Consumer Staples Distribution & Retail-2.20%** |
| Target Corp. | 220524 | &nbsp;&nbsp; 23258666 |
| **Containers & Packaging-2.15%** | **Containers & Packaging-2.15%** | **Containers & Packaging-2.15%** |
| Sonoco Products Co.<sup>(b)</sup> | 475552 | &nbsp;&nbsp; 22826496 |
| **Diversified Telecommunication Services-2.71%** | **Diversified Telecommunication Services-2.71%** | **Diversified Telecommunication Services-2.71%** |
| Verizon Communications, Inc. | 645388 | &nbsp;&nbsp; 28732674 |
| **Electric Utilities-8.30%** | **Electric Utilities-8.30%** | **Electric Utilities-8.30%** |
| Edison International | 382405 | &nbsp;&nbsp; 23816183 |
| Evergy, Inc. | 178704 | &nbsp;&nbsp; 13711958 |
| Eversource Energy | 263147 | &nbsp;&nbsp; 18191352 |
| Pinnacle West Capital Corp. | 173945 | &nbsp;&nbsp; 16274294 |
| Portland General Electric Co. | 317142 | &nbsp;&nbsp; 15936386 |
|  |  | &nbsp;&nbsp; 87930173 |
| **Food Products-8.68%** | **Food Products-8.68%** | **Food Products-8.68%** |
| Archer-Daniels-Midland Co. | 220965 | &nbsp;&nbsp; 14873154 |
| Flowers Foods, Inc.<sup>(b)</sup> | 3417498 | &nbsp;&nbsp; 39062002 |
| Hormel Foods Corp. | 860398 | &nbsp;&nbsp; 21174395 |
| J.M. Smucker Co. (The) | 160491 | &nbsp;&nbsp; 16829086 |
|  |  | &nbsp;&nbsp; 91938637 |
| **Gas Utilities-4.13%** | **Gas Utilities-4.13%** | **Gas Utilities-4.13%** |
| Northwest Natural Holding Co. | 320393 | &nbsp;&nbsp; 14917498 |
| Spire, Inc. | 159567 | &nbsp;&nbsp; 13481816 |
| UGI Corp.<sup>(b)</sup> | 383219 | &nbsp;&nbsp; 15370914 |
|  |  | &nbsp;&nbsp; 43770228 |
| **Independent Power and Renewable Electricity Producers-1.97%** | **Independent Power and Renewable Electricity Producers-1.97%** | **Independent Power and Renewable Electricity Producers-1.97%** |
| AES Corp. (The) | 1427512 | &nbsp;&nbsp; 20913051 |
| **Insurance-1.94%** | **Insurance-1.94%** | **Insurance-1.94%** |
| Prudential Financial, Inc. | 184613 | &nbsp;&nbsp; 20512350 |
| **Leisure Products-1.46%** | **Leisure Products-1.46%** | **Leisure Products-1.46%** |
| Polaris, Inc. | 242241 | &nbsp;&nbsp; 15464666 |
| **Machinery-3.77%** | **Machinery-3.77%** | **Machinery-3.77%** |
| Stanley Black & Decker, Inc. | 257863 | &nbsp;&nbsp; 20283503 |
| Trinity Industries, Inc. | 682920 | &nbsp;&nbsp; 19627121 |
|  |  | &nbsp;&nbsp; 39910624 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Media-2.88%** | **Media-2.88%** | **Media-2.88%** |
| John Wiley & Sons, Inc., Class A<sup>(b)</sup> | 427627 | &nbsp;&nbsp; $13354791 |
| Nexstar Media Group, Inc., Class A<sup>(b)</sup> | 80565 | &nbsp;&nbsp; 17110395 |
|  |  | &nbsp;&nbsp; 30465186 |
| **Multi-Utilities-4.56%** | **Multi-Utilities-4.56%** | **Multi-Utilities-4.56%** |
| Avista Corp. | 457345 | &nbsp;&nbsp; 18883775 |
| Black Hills Corp.<sup>(b)</sup> | 198374 | &nbsp;&nbsp; 14477334 |
| NorthWestern Energy Group, Inc. | 220153 | &nbsp;&nbsp; 14939583 |
|  |  | &nbsp;&nbsp; 48300692 |
| **Oil, Gas & Consumable Fuels-3.37%** | **Oil, Gas & Consumable Fuels-3.37%** | **Oil, Gas & Consumable Fuels-3.37%** |
| Chevron Corp. | 120010 | &nbsp;&nbsp; 21229769 |
| Phillips 66 | 101141 | &nbsp;&nbsp; 14519802 |
|  |  | &nbsp;&nbsp; 35749571 |
| **Pharmaceuticals-8.23%** | **Pharmaceuticals-8.23%** | **Pharmaceuticals-8.23%** |
| Bristol-Myers Squibb Co. | 410543 | &nbsp;&nbsp; 22600392 |
| Perrigo Co. PLC | 2606856 | &nbsp;&nbsp; 37043424 |
| Pfizer, Inc. | 1040161 | &nbsp;&nbsp; 27501857 |
|  |  | &nbsp;&nbsp; 87145673 |
| **Professional Services-7.32%** | **Professional Services-7.32%** | **Professional Services-7.32%** |
| Insperity, Inc.<sup>(b)</sup> | 768349 | &nbsp;&nbsp; 32831553 |
| Robert Half, Inc.<sup>(b)</sup> | 1292563 | &nbsp;&nbsp; 44735605 |
|  |  | &nbsp;&nbsp; 77567158 |
| **Semiconductors & Semiconductor Equipment-1.36%** | **Semiconductors & Semiconductor Equipment-1.36%** | **Semiconductors & Semiconductor Equipment-1.36%** |
| Skyworks Solutions, Inc. | 259065 | &nbsp;&nbsp; 14445464 |
| **Specialty Retail-1.48%** | **Specialty Retail-1.48%** | **Specialty Retail-1.48%** |
| Best Buy Co., Inc. | 240974 | &nbsp;&nbsp; 15687407 |
| **Technology Hardware, Storage & Peripherals-1.42%** | **Technology Hardware, Storage & Peripherals-1.42%** | **Technology Hardware, Storage & Peripherals-1.42%** |
| HP, Inc. | 775627 | &nbsp;&nbsp; 15078189 |
| **Tobacco-5.28%** | **Tobacco-5.28%** | **Tobacco-5.28%** |
| Altria Group, Inc. | 474045 | &nbsp;&nbsp; 29386050 |
| Universal Corp. | 469167 | &nbsp;&nbsp; 26550160 |
|  |  | &nbsp;&nbsp; 55936210 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.89% <br>(Cost $1,004,353,948) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.89% <br>(Cost $1,004,353,948) | &nbsp;&nbsp; 1058289877 |
| **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-10.18%** | **Money Market Funds-10.18%** | **Money Market Funds-10.18%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 3.65%<sup>(c)(d)(e)</sup><br>| 26040986 | &nbsp;&nbsp; 26040986 |
| Invesco Private Prime Fund, 3.80%<sup>(c)(d)(e)</sup> | 81819642 | &nbsp;&nbsp; 81844188 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $107,885,174) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $107,885,174) | &nbsp;&nbsp; 107885174 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-110.07% <br>(Cost $1,112,239,122) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-110.07% <br>(Cost $1,112,239,122) | &nbsp;&nbsp; 1166175051 |
| OTHER ASSETS LESS LIABILITIES-(10.07)% | OTHER ASSETS LESS LIABILITIES-(10.07)% | &nbsp;&nbsp; (106675944)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $1059499107 |

---

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

------

**Invesco High Yield Equity Dividend Achievers**<sup>TM</sup> **ETF (PEY)—(continued)**

January 31, 2026

*(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 <br> the exclusive property and a service mark of MSCI Inc. and Standard & Poor's.<br>|
| <sup>(b)</sup> | All or a portion of this security was out on loan at January 31, 2026. |
| <sup>(c)</sup> | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in <br> which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund's transactions in, and earnings from, its investments in <br> affiliates for the nine months ended January 31, 2026.<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**April 30, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Value** <br>**January 31, 2026**<br>| **Dividend Income** |
| **Investments in Affiliated** <br> **Money Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & <br> Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; $1989509 | &nbsp;&nbsp;&nbsp; $42043292 | &nbsp;&nbsp;&nbsp; $(44032801)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $55429 |
| **Investments Purchased** <br> **with Cash Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; 36131321 | &nbsp;&nbsp;&nbsp; 288668560 | &nbsp;&nbsp;&nbsp; (298758895)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 26040986 | &nbsp;&nbsp;&nbsp; 662,300<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp; 94124754 | &nbsp;&nbsp;&nbsp; 639433301 | &nbsp;&nbsp;&nbsp; (651719004)<br>| &nbsp;&nbsp;&nbsp; 5728 | &nbsp;&nbsp;&nbsp; (591)<br>| &nbsp;&nbsp;&nbsp; 81844188 | &nbsp;&nbsp;&nbsp; 1,800,360<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $132245584 | &nbsp;&nbsp;&nbsp; $970145153 | &nbsp;&nbsp;&nbsp; $(994510700)<br>| &nbsp;&nbsp;&nbsp; $5728 | &nbsp;&nbsp;&nbsp; $(591)<br>| &nbsp;&nbsp;&nbsp; $107885174 | &nbsp;&nbsp;&nbsp; $2518089 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(d)</sup> The rate shown is the 7-day SEC standardized yield as of January 31, 2026. <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

**Invesco International Dividend Achievers**<sup>TM</sup> **ETF (PID)**

January 31, 2026

*(Unaudited)*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-99.67%** | **Common Stocks & Other Equity Interests-99.67%** | **Common Stocks & Other Equity Interests-99.67%** |
| **Canada-51.76%** | **Canada-51.76%** | **Canada-51.76%** |
| BCE, Inc. | 1501959 | &nbsp;&nbsp; $38840660 |
| Brookfield Infrastructure Partners L.P. | 786061 | &nbsp;&nbsp; 28416105 |
| Brookfield Renewable Partners L.P. | 1078224 | &nbsp;&nbsp; 32163422 |
| Canadian Imperial Bank of Commerce | 221395 | &nbsp;&nbsp; 20454684 |
| Canadian National Railway Co. | 162126 | &nbsp;&nbsp; 15599764 |
| Canadian Natural Resources Ltd. | 868004 | &nbsp;&nbsp; 32298429 |
| Enbridge, Inc. | 673745 | &nbsp;&nbsp; 32905706 |
| FirstService Corp. | 26008 | &nbsp;&nbsp; 4038002 |
| Fortis, Inc. | 382563 | &nbsp;&nbsp; 20402085 |
| Franco-Nevada Corp. | 20279 | &nbsp;&nbsp; 4752586 |
| Imperial Oil Ltd. | 120352 | &nbsp;&nbsp; 12185640 |
| Magna International, Inc. | 484124 | &nbsp;&nbsp; 24758101 |
| Nutrien Ltd. | 382620 | &nbsp;&nbsp; 26358692 |
| Open Text Corp. | 558882 | &nbsp;&nbsp; 14268257 |
| RB Global, Inc. | 74070 | &nbsp;&nbsp; 8412130 |
| Restaurant Brands International, Inc. | 277168 | &nbsp;&nbsp; 18567484 |
| Royal Bank of Canada | 108464 | &nbsp;&nbsp; 18029971 |
| Stantec, Inc. | 40224 | &nbsp;&nbsp; 3985394 |
| TC Energy Corp. | 476305 | &nbsp;&nbsp; 27944814 |
| TELUS Corp.<sup>(a)</sup> | 2685256 | &nbsp;&nbsp; 37486174 |
| TFI International, Inc. | 139981 | &nbsp;&nbsp; 15054957 |
| Thomson Reuters Corp. | 77241 | &nbsp;&nbsp; 8545172 |
| Toronto-Dominion Bank (The) | 253097 | &nbsp;&nbsp; 23662038 |
| TransAlta Corp. | 503649 | &nbsp;&nbsp; 6436634 |
|  |  | &nbsp;&nbsp; 475566901 |
| **Denmark-2.73%** | **Denmark-2.73%** | **Denmark-2.73%** |
| Novo Nordisk A/S, ADR<sup>(a)</sup> | 422074 | &nbsp;&nbsp; 25083858 |
| **Germany-0.59%** | **Germany-0.59%** | **Germany-0.59%** |
| SAP SE, ADR | 26788 | &nbsp;&nbsp; 5385460 |
| **India-2.12%** | **India-2.12%** | **India-2.12%** |
| Infosys Ltd., ADR<sup>(a)</sup> | 1004612 | &nbsp;&nbsp; 17661079 |
| Reliance Industries Ltd., GDR<sup>(a)(b)</sup> | 29791 | &nbsp;&nbsp; 1808384 |
|  |  | &nbsp;&nbsp; 19469463 |
| **Indonesia-3.77%** | **Indonesia-3.77%** | **Indonesia-3.77%** |
| &nbsp;&nbsp;&nbsp; PT Telkom Indonesia (Persero) Tbk, <br> ADR<sup>(a)</sup><br>| 1638566 | &nbsp;&nbsp; 34606514 |
| **Japan-4.55%** | **Japan-4.55%** | **Japan-4.55%** |
| &nbsp;&nbsp;&nbsp; Mitsubishi UFJ Financial Group, Inc., <br> ADR<sup>(a)</sup><br>| 1040321 | &nbsp;&nbsp; 18777794 |
| Sony Group Corp., ADR | 103061 | &nbsp;&nbsp; 2277648 |
| &nbsp;&nbsp;&nbsp; Sumitomo Mitsui Financial Group, Inc., <br> ADR<br>| 986694 | &nbsp;&nbsp; 20710707 |
|  |  | &nbsp;&nbsp; 41766149 |
| **Mexico-4.62%** | **Mexico-4.62%** | **Mexico-4.62%** |
| America Movil S.A.B. de C.V., ADR | 625214 | &nbsp;&nbsp; 12941930 |
| Coca-Cola FEMSA S.A.B. de C.V., ADR<sup>(a)</sup> | 283430 | &nbsp;&nbsp; 29558914 |
|  |  | &nbsp;&nbsp; 42500844 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Philippines-3.88%** | **Philippines-3.88%** | **Philippines-3.88%** |
| PLDT, Inc., ADR<sup>(a)</sup> | 1580625 | &nbsp;&nbsp; $35658900 |
| **Switzerland-0.69%** | **Switzerland-0.69%** | **Switzerland-0.69%** |
| Logitech International S.A., Class R<sup>(a)</sup> | 74427 | &nbsp;&nbsp; 6388814 |
| **United Kingdom-12.35%** | **United Kingdom-12.35%** | **United Kingdom-12.35%** |
| British American Tobacco PLC, ADR | 539434 | &nbsp;&nbsp; 32732855 |
| Diageo PLC, ADR<sup>(a)</sup> | 293588 | &nbsp;&nbsp; 27244966 |
| National Grid PLC, ADR<sup>(a)</sup> | 320626 | &nbsp;&nbsp; 27339779 |
| Pearson PLC, ADR<sup>(a)</sup> | 1119631 | &nbsp;&nbsp; 14734344 |
| RELX PLC, ADR<sup>(a)</sup> | 318986 | &nbsp;&nbsp; 11419699 |
|  |  | &nbsp;&nbsp; 113471643 |
| **United States-12.61%** | **United States-12.61%** | **United States-12.61%** |
| Amcor PLC<sup>(a)</sup> | 828899 | &nbsp;&nbsp; 36678781 |
| Amdocs Ltd. | 209642 | &nbsp;&nbsp; 17178065 |
| Novartis AG, ADR<sup>(a)</sup> | 139819 | &nbsp;&nbsp; 20788289 |
| Pentair PLC | 53744 | &nbsp;&nbsp; 5663005 |
| Sanofi S.A., ADR | 525232 | &nbsp;&nbsp; 24706913 |
| Waste Connections, Inc. | 24731 | &nbsp;&nbsp; 4144916 |
| Willis Towers Watson PLC | 21027 | &nbsp;&nbsp; 6675442 |
|  |  | &nbsp;&nbsp; 115835411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $776,559,637) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $776,559,637) | &nbsp;&nbsp; 915733957 |
| **Money Market Funds-0.21%** | **Money Market Funds-0.21%** | **Money Market Funds-0.21%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 3.61%<sup>(c)(d)</sup> <br>(Cost $1,948,189)<br>| 1948189 | &nbsp;&nbsp; 1948189 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.88% <br>(Cost $778,507,826) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.88% <br>(Cost $778,507,826) | &nbsp;&nbsp; 917682146 |
| **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** |
| **Money Market Funds-18.31%** | **Money Market Funds-18.31%** | **Money Market Funds-18.31%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 3.65%<sup>(c)(d)(e)</sup><br>| 49099349 | &nbsp;&nbsp; 49099349 |
| Invesco Private Prime Fund, 3.80%<sup>(c)(d)(e)</sup> | 119133955 | &nbsp;&nbsp; 119169695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $168,269,044) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $168,269,044) | &nbsp;&nbsp; 168269044 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-118.19% <br>(Cost $946,776,870) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-118.19% <br>(Cost $946,776,870) | &nbsp;&nbsp; 1085951190 |
| OTHER ASSETS LESS LIABILITIES-(18.19)% | OTHER ASSETS LESS LIABILITIES-(18.19)% | &nbsp;&nbsp; (167133890)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $918817300 |

---

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

------

**Invesco International Dividend Achievers**<sup>TM</sup> **ETF (PID)—(continued)**

January 31, 2026

*(Unaudited)*

Investment Abbreviations: <br> ADR-American Depositary Receipt <br> GDR-Global Depositary Receipt

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Notes to Schedule of Investments: | Notes to Schedule of Investments: |
| <sup>(a)</sup> | All or a portion of this security was out on loan at January 31, 2026. |
| <sup>(b)</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 <br> resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The value of this security at January 31, 2026 <br> represented less than 1% of the Fund's Net Assets.<br>|
| <sup>(c)</sup> | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in <br> which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund's transactions in, and earnings from, its investments in <br> affiliates for the nine months ended January 31, 2026.<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**April 30, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Value** <br>**January 31, 2026**<br>| **Dividend Income** |
| **Investments in** <br> **Affiliated Money** <br> **Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & <br> Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; $216653 | &nbsp;&nbsp;&nbsp; $20860437 | &nbsp;&nbsp;&nbsp; $(19128901)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $1948189 | &nbsp;&nbsp;&nbsp; $26425 |
| **Investments** <br> **Purchased with Cash** <br> **Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; 40329050 | &nbsp;&nbsp;&nbsp; 458053397 | &nbsp;&nbsp;&nbsp; (449283098)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 49099349 | &nbsp;&nbsp;&nbsp; 1,272,910<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime <br> Fund<br>| &nbsp;&nbsp;&nbsp; 104904546 | &nbsp;&nbsp;&nbsp; 872016665 | &nbsp;&nbsp;&nbsp; (857754415)<br>| &nbsp;&nbsp;&nbsp; 6633 | &nbsp;&nbsp;&nbsp; (3734)<br>| &nbsp;&nbsp;&nbsp; 119169695 | &nbsp;&nbsp;&nbsp; 3,473,124<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $145450249 | &nbsp;&nbsp;&nbsp; $1350930499 | &nbsp;&nbsp;&nbsp; $(1326166414)<br>| &nbsp;&nbsp;&nbsp; $6633 | &nbsp;&nbsp;&nbsp; $(3734)<br>| &nbsp;&nbsp;&nbsp; $170217233 | &nbsp;&nbsp;&nbsp; $4772459 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(d)</sup> The rate shown is the 7-day SEC standardized yield as of January 31, 2026. <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.

------

**Notes to Quarterly Schedules of Portfolio Holdings**

January 31, 2026

*(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. When market movements occur after the close of the relevant foreign securities markets, foreign securities may be fair valued utilizing an independent pricing service.

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, 2026, for each Fund (except for Invesco Dow Jones Industrial Average Dividend ETF). As of January 31, 2026, all of the securities in Invesco Dow Jones Industrial Average Dividend ETF were valued based on Level 1 inputs (see the Schedules of Investments for security categories). 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.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| &nbsp;&nbsp; Invesco BuyBack Achievers<sup>TM</sup> ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $1606343956 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $1606343956 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 353998 | &nbsp;&nbsp;&nbsp; 90186168 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 90540166 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $1606697954 | &nbsp;&nbsp;&nbsp; $90186168 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $1696884122 |
| &nbsp;&nbsp; Invesco Dividend Achievers<sup>TM</sup> ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $761753412 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $761753412 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 651297 | &nbsp;&nbsp;&nbsp; 4496304 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 5147601 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $762404709 | &nbsp;&nbsp;&nbsp; $4496304 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $766901013 |
| &nbsp;&nbsp; Invesco Financial Preferred ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Preferred Stocks | &nbsp;&nbsp;&nbsp; $746472439 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $746472439 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 47800 | &nbsp;&nbsp;&nbsp; 5732461 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 5780261 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $746520239 | &nbsp;&nbsp;&nbsp; $5732461 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $752252700 |
| &nbsp;&nbsp; Invesco High Yield Equity Dividend Achievers<sup>TM</sup> ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $1058289877 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $1058289877 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 107885174 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 107885174 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $1058289877 | &nbsp;&nbsp;&nbsp; $107885174 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $1166175051 |
| &nbsp;&nbsp; Invesco International Dividend Achievers<sup>TM</sup> ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $913925573 | &nbsp;&nbsp;&nbsp; $1808384 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $915733957 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 1948189 | &nbsp;&nbsp;&nbsp; 168269044 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 170217233 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $915873762 | &nbsp;&nbsp;&nbsp; $170077428 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $1085951190 |

---

------

## 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 Dividend AchieversTM ETF

- **b. EDGAR series identifier (if any):** S000003037

- **c. LEI of Series:** 5493000LQ1LMTPGQ5H25

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2026-01-31

**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:** $768107744.18

**Total Liabilities:** $6217766.22

**Net Assets:** $761889977.96

**Cash Not Reported:** $133597.30

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000008304 | 2.36%                | -0.72%               | 2.49%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $550695.08               | $15870080.58                               |
| Month 2  | $8131224.97              | $-14563604.39                              |
| Month 3  | $4261481.07              | $13760400.48                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MSCI Inc.                                    | MSCI Inc.                                                  | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |      2208 | NS      | $1345157.76   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| HP Inc.                                      | HP Inc.                                                    | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |     27515 | NS      | $534891.60    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Inc.                                 | Hubbell Inc.                                               | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |      1565 | NS      | $763626.10    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd.                                   | Chubb Ltd.                                                 | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |     11585 | NS      | $3586252.60   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| AGCO Corp.                                   | AGCO Corp.                                                 | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |      2193 | NS      | $248708.13    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc.                              | S&P Global Inc.                                            | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      8915 | NS      | $4705247.85   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc.                                   | Spire Inc.                                                 | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |      1740 | NS      | $147012.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT Inc.                                     | ITT Inc.                                                   | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |      2512 | NS      | $457937.60    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial, Inc.                   | Ameriprise Financial, Inc.                                 | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |      2734 | NS      | $1441337.46   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| C.H. Robinson Worldwide, Inc.                | C.H. Robinson Worldwide, Inc.                              | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |      3481 | NS      | $678620.95    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashland Inc.                                 | Ashland Inc.                                               | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |      1345 | NS      | $82260.20     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Avista Corp.                                 | Avista Corp.                                               | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |      2393 | NS      | $98806.97     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Simpson Manufacturing Co., Inc.              | Simpson Manufacturing Co., Inc.                            | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |      1219 | NS      | $215494.82    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc.                                | NiSource Inc.                                              | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |     14044 | NS      | $622008.76    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Integrations, Inc.                     | Power Integrations, Inc.                                   | CUSIP: 739276103<br>LEI: 54930085LGXSCIHD5W31 | Long             | EC               | CORP              | US        |      1630 | NS      | $74882.20     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Reinsurance Group of America, Inc.           | Reinsurance Group of America, Inc.                         | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |      1937 | NS      | $392726.75    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Assured Guaranty Ltd.                        | Assured Guaranty Ltd.                                      | CUSIP: G0585R106<br>LEI: 549300BBOQUJEPH87M14 | Long             | EC               | CORP              | BM        |      1372 | NS      | $116414.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bar Harbor Bankshares                        | Bar Harbor Bankshares                                      | CUSIP: 066849100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       494 | NS      | $16751.54     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Assurant, Inc.                               | Assurant, Inc.                                             | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |      1474 | NS      | $351003.62    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Trinity Industries, Inc.                     | Trinity Industries, Inc.                                   | CUSIP: 896522109<br>LEI: R1JB4KXN77XFCXOQKV49 | Long             | EC               | CORP              | US        |      2357 | NS      | $67740.18     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Nelnet, Inc.                                 | Nelnet, Inc., Class A                                      | CUSIP: 64031N108<br>LEI: 549300T6B0Q52I6OM558 | Long             | EC               | CORP              | US        |       741 | NS      | $97737.90     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO Financial Group, Inc.                    | CNO Financial Group, Inc.                                  | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |      2807 | NS      | $118034.35    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM International Inc.                       | RPM International Inc.                                     | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |      3772 | NS      | $403453.12    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Associated Banc-Corp                         | Associated Banc-Corp                                       | CUSIP: 045487105<br>LEI: 549300N3CIN473IW5094 | Long             | EC               | CORP              | US        |      4887 | NS      | $133219.62    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Commerce Bancshares, Inc.                    | Commerce Bancshares, Inc.                                  | CUSIP: 200525103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4093 | NS      | $215455.52    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Erie Indemnity Co.                           | Erie Indemnity Co., Class A                                | CUSIP: 29530P102<br>LEI: 549300WA5KP94KRUFZ80 | Long             | EC               | CORP              | US        |      1359 | NS      | $384610.59    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co.                                 | Fastenal Co.                                               | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |     33797 | NS      | $1465437.92   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Hormel Foods Corp.                           | Hormel Foods Corp.                                         | CUSIP: 440452100<br>LEI: MSD54751OJP1FS2ND863 | Long             | EC               | CORP              | US        |     16190 | NS      | $398435.90    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Republic International Corp.             | Old Republic International Corp.                           | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |      7285 | NS      | $285353.45    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Brown & Brown, Inc.                          | Brown & Brown, Inc.                                        | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |     10050 | NS      | $724605.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams-Sonoma, Inc.                        | Williams-Sonoma, Inc.                                      | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |      3518 | NS      | $719958.70    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc.                                | Broadcom Inc.                                              | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     74292 | NS      | $24612939.60  | 3.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)              | Goldman Sachs Group, Inc. (The)                            | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      8830 | NS      | $8259670.30   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co. (The)                            | Hershey Co. (The)                                          | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |      4363 | NS      | $849694.25    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)     | PNC Financial Services Group, Inc. (The)                   | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |     11544 | NS      | $2577775.20   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy, Inc.                                 | Evergy, Inc.                                               | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |      6774 | NS      | $519769.02    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK                                     | Bank OZK                                                   | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |      3296 | NS      | $156757.76    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwest Natural Holding Co.                | Northwest Natural Holding Co.                              | CUSIP: 66765N105<br>LEI: 254900PSJL6ZEC8FR782 | Long             | EC               | CORP              | US        |      1221 | NS      | $56849.76     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank First Corp.                             | Bank First Corp.                                           | CUSIP: 06211J100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       291 | NS      | $40606.14     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Watts Water Technologies, Inc.               | Watts Water Technologies, Inc., Class A                    | CUSIP: 942749102<br>LEI: 549300REJOO94ERQN318 | Long             | EC               | CORP              | US        |       803 | NS      | $240345.93    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Horace Mann Educators Corp.                  | Horace Mann Educators Corp.                                | CUSIP: 440327104<br>LEI: 254900G5YAV3A2YK8T32 | Long             | EC               | CORP              | US        |      1196 | NS      | $53592.76     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Insurance Group, Inc. (The)          | Hanover Insurance Group, Inc. (The)                        | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |      1045 | NS      | $181976.30    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores, Inc.                 | Casey's General Stores, Inc.                               | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |      1093 | NS      | $662904.50    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| WD-40 Co.                                    | WD-40 Co.                                                  | CUSIP: 929236107<br>LEI: 549300UZHTN0CNKBOB19 | Long             | EC               | CORP              | US        |       400 | NS      | $92492.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Jack Henry & Associates, Inc.                | Jack Henry & Associates, Inc.                              | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |      2134 | NS      | $382434.14    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Griffon Corp.                                | Griffon Corp.                                              | CUSIP: 398433102<br>LEI: 5493000C2SGNC7ZN3242 | Long             | EC               | CORP              | US        |      1360 | NS      | $110772.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonoco Products Co.                          | Sonoco Products Co.                                        | CUSIP: 835495102<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | EC               | CORP              | US        |      2904 | NS      | $139392.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Steris PLC                                   | Steris PLC                                                 | CUSIP: G8473T100<br>LEI: 549300F1857N5E6G6T48 | Long             | EC               | CORP              | IE        |      2889 | NS      | $758651.40    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions, Inc.                     | Skyworks Solutions, Inc.                                   | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |      4378 | NS      | $244117.28    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| WaFd, Inc.                                   | WaFd, Inc.                                                 | CUSIP: 938824109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2254 | NS      | $73525.48     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Apogee Enterprises, Inc.                     | Apogee Enterprises, Inc.                                   | CUSIP: 037598109<br>LEI: 549300579S7QW8V4IJ60 | Long             | EC               | CORP              | US        |       637 | NS      | $23651.81     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BOK Financial Corp.                          | BOK Financial Corp.                                        | CUSIP: 05561Q201<br>LEI: GRI2NT5QHYW751NMR949 | Long             | EC               | CORP              | US        |      1864 | NS      | $242208.16    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| International Bancshares Corp.               | International Bancshares Corp.                             | CUSIP: 459044103<br>LEI: 549300Y16R531AU8TX77 | Long             | EC               | CORP              | US        |      1832 | NS      | $127580.48    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp.                          | UMB Financial Corp.                                        | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |      2232 | NS      | $283776.48    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp.                              | Albemarle Corp.                                            | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |      3468 | NS      | $591744.84    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| American States Water Co.                    | American States Water Co.                                  | CUSIP: 029899101<br>LEI: 529900L26LIS2V8PWM23 | Long             | EC               | CORP              | US        |      1138 | NS      | $83028.48     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmos Energy Corp.                           | Atmos Energy Corp.                                         | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |      4762 | NS      | $792111.08    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| California Water Service Group               | California Water Service Group                             | CUSIP: 130788102<br>LEI: 529900QABDOBU6UVRQ36 | Long             | EC               | CORP              | US        |      1756 | NS      | $78493.20     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastgroup Properties, Inc.                   | Eastgroup Properties, Inc.                                 | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |      1571 | NS      | $285356.44    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| First Community Bankshares, Inc.             | First Community Bankshares, Inc.                           | CUSIP: 31983A103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       542 | NS      | $19522.84     | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| First Financial Corp.                        | First Financial Corp.                                      | CUSIP: 320218100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       351 | NS      | $22871.16     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| First Merchants Corp.                        | First Merchants Corp.                                      | CUSIP: 320817109<br>LEI: TZTBT0OTGQ2FEK6XMX94 | Long             | EC               | CORP              | US        |      1704 | NS      | $67751.04     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Electric Co., Inc.                  | Franklin Electric Co., Inc.                                | CUSIP: 353514102<br>LEI: RR6AURIKMXUE4Q24G284 | Long             | EC               | CORP              | US        |      1310 | NS      | $130502.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| J. M. Smucker Co. (The)                      | J. M. Smucker Co. (The)                                    | CUSIP: 832696405<br>LEI: 5493000WDH6A0LHDJD55 | Long             | EC               | CORP              | US        |      3142 | NS      | $329470.12    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties, Inc.            | Equity LifeStyle Properties, Inc.                          | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |      5705 | NS      | $360384.85    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| NBT Bancorp Inc.                             | NBT Bancorp Inc.                                           | CUSIP: 628778102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1541 | NS      | $68466.63     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Co.                        | National Fuel Gas Co.                                      | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |      2659 | NS      | $222691.25    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| New Jersey Resources Corp.                   | New Jersey Resources Corp.                                 | CUSIP: 646025106<br>LEI: 549300QKBSQBIX4DQ583 | Long             | EC               | CORP              | US        |      2966 | NS      | $146757.68    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Otter Tail Corp.                             | Otter Tail Corp.                                           | CUSIP: 689648103<br>LEI: 549300HHVBQRQUVKKD91 | Long             | EC               | CORP              | US        |      1232 | NS      | $109845.12    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosperity Bancshares, Inc.                  | Prosperity Bancshares, Inc.                                | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2796 | NS      | $192951.96    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| RLI Corp.                                    | RLI Corp.                                                  | CUSIP: 749607107<br>LEI: 529900AMTJE5ECN9PS55 | Long             | EC               | CORP              | US        |      2702 | NS      | $157877.86    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tompkins Financial Corp.                     | Tompkins Financial Corp.                                   | CUSIP: 890110109<br>LEI: 254900QDQ6V0QJ0Z2348 | Long             | EC               | CORP              | US        |       427 | NS      | $34211.24     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GATX Corp.                                   | GATX Corp.                                                 | CUSIP: 361448103<br>LEI: 549300IHYHCQP2PIR591 | Long             | EC               | CORP              | US        |      1049 | NS      | $190823.59    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies, Inc.                     | Roper Technologies, Inc.                                   | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |      3170 | NS      | $1176799.10   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Toro Co. (The)                               | Toro Co. (The)                                             | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |      2881 | NS      | $263611.50    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| American Financial Group, Inc.               | American Financial Group, Inc.                             | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |      2453 | NS      | $319552.31    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Andersons, Inc. (The)                        | Andersons, Inc. (The)                                      | CUSIP: 034164103<br>LEI: L38MWB8MVRFV7HVJPU11 | Long             | EC               | CORP              | US        |       994 | NS      | $61618.06     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter, Inc.                           | Badger Meter, Inc.                                         | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |       864 | NS      | $126645.12    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co., Inc.                          | Donaldson Co., Inc.                                        | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |      3413 | NS      | $347921.22    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MGE Energy, Inc.                             | MGE Energy, Inc.                                           | CUSIP: 55277P104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1074 | NS      | $85791.12     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercantile Bank Corp.                        | Mercantile Bank Corp.                                      | CUSIP: 587376104<br>LEI: P16VZZCKTJ5IONL6XE37 | Long             | EC               | CORP              | US        |       481 | NS      | $25002.38     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlantic Union Bankshares Corp.              | Atlantic Union Bankshares Corp., Class B                   | CUSIP: 04911A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4196 | NS      | $162972.64    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tootsie Roll Industries, Inc.                | Tootsie Roll Industries, Inc.                              | CUSIP: 890516107<br>LEI: 529900SBKOV9XX4M4Q35 | Long             | EC               | CORP              | US        |      1230 | NS      | $46592.40     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Wintrust Financial Corp.                     | Wintrust Financial Corp.                                   | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |      1974 | NS      | $291145.26    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Brady Corp.                                  | Brady Corp., Class A                                       | CUSIP: 104674106<br>LEI: 549300G2LEQOFQC8GY34 | Long             | EC               | CORP              | US        |      1284 | NS      | $111027.48    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Materion Corp.                               | Materion Corp.                                             | CUSIP: 576690101<br>LEI: 549300CJ5RI351SUYT02 | Long             | EC               | CORP              | US        |       614 | NS      | $84903.92     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA, Inc.                    | Comfort Systems USA, Inc.                                  | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |      1036 | NS      | $1183215.60   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| H2O America                                  | H2O America                                                | CUSIP: 784305104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1052 | NS      | $54746.08     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital City Bank Group, Inc.                | Capital City Bank Group, Inc.                              | CUSIP: 139674105<br>LEI: 254900NVLVUJQZKTQE82 | Long             | EC               | CORP              | US        |       505 | NS      | $21088.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Gorman-Rupp Co. (The)                        | Gorman-Rupp Co. (The)                                      | CUSIP: 383082104<br>LEI: 254900WVLPOIWPGJPA07 | Long             | EC               | CORP              | US        |       771 | NS      | $42011.79     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO Corp.                                  | HEICO Corp.                                                | CUSIP: 422806109<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |      1622 | NS      | $536736.02    | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| National HealthCare Corp.                    | National HealthCare Corp.                                  | CUSIP: 635906100<br>LEI: 254900PTS11LS1JS2752 | Long             | EC               | CORP              | US        |       459 | NS      | $65687.49     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold, Inc.                             | Royal Gold, Inc.                                           | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |      2482 | NS      | $653535.42    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Tennant Co.                                  | Tennant Co.                                                | CUSIP: 880345103<br>LEI: JYAIRLT8DVP6DP8UT336 | Long             | EC               | CORP              | US        |       537 | NS      | $40860.33     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Bancorp, Inc.                       | Republic Bancorp, Inc., Class A                            | CUSIP: 760281204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       515 | NS      | $37394.15     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Arbor Realty Trust, Inc.                     | Arbor Realty Trust, Inc.                                   | CUSIP: 038923108<br>LEI: 549300ASFUWYQO0RW077 | Long             | EC               | CORP              | US        |      5762 | NS      | $44367.40     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Northwestern Energy Group, Inc.              | Northwestern Energy Group, Inc.                            | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |      1810 | NS      | $122826.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq, Inc.                                 | Nasdaq, Inc.                                               | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |     16805 | NS      | $1628236.45   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies, Inc.                  | L3Harris Technologies, Inc.                                | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |      5505 | NS      | $1887389.25   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Water Products, Inc.                 | Mueller Water Products, Inc., Class A                      | CUSIP: 624758108<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | EC               | CORP              | US        |      4604 | NS      | $124630.28    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life Inc.                              | Globe Life Inc.                                            | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |      2340 | NS      | $328114.80    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens Corning                                | Owens Corning                                              | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |      2417 | NS      | $289653.28    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Alerus Financial Corp.                       | Alerus Financial Corp.                                     | CUSIP: 01446U103<br>LEI: 5493008BXLBPPELQ3G57 | Long             | EC               | CORP              | US        |       744 | NS      | $18317.28     | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| Bank of America Corp.                        | Bank of America Corp.                                      | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    214955 | NS      | $11435606.00  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                          | Abbott Laboratories                                        | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     51196 | NS      | $5595722.80   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| AES Corp. (The)                              | AES Corp. (The)                                            | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |     20958 | NS      | $307034.70    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equities, Inc.        | Alexandria Real Estate Equities, Inc.                      | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |      5084 | NS      | $277789.76    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp. (The)                         | Allstate Corp. (The)                                       | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |      7706 | NS      | $1533416.94   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc.                                   | Amgen Inc.                                                 | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     15849 | NS      | $5418456.12   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices, Inc.                         | Analog Devices, Inc.                                       | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     14413 | NS      | $4480713.44   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| AptarGroup, Inc.                             | AptarGroup, Inc.                                           | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               | CORP              | US        |      1934 | NS      | $241653.30    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Co.                   | Archer-Daniels-Midland Co.                                 | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |     14144 | NS      | $952032.64    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp.                                    | CSX Corp.                                                  | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |     54813 | NS      | $2069738.88   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Avnet, Inc.                                  | Avnet, Inc.                                                | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               | CORP              | US        |      2391 | NS      | $149174.49    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Costco Wholesale Corp.                       | Costco Wholesale Corp.                                     | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |     13046 | NS      | $12266501.50  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton, Dickinson and Co.                    | Becton, Dickinson and Co.                                  | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |      8401 | NS      | $1709435.48   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Utilities, Inc.                    | Essential Utilities, Inc.                                  | CUSIP: 29670G102<br>LEI: 549300ILTEOF3E3QY357 | Long             | EC               | CORP              | US        |      8328 | NS      | $323043.12    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Government & Agency Portfolio        | Invesco Government & Agency Portfolio, Institutional Class | CUSIP: 825252885<br>LEI: 5493007T1J7WZ5QI1A47 | Long             | STIV             | RF                | US        |    651297 | NS      | $651296.61    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co.                     | Bristol-Myers Squibb Co.                                   | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     59927 | NS      | $3298981.35   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunswick Corp.                              | Brunswick Corp.                                            | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |      1917 | NS      | $153781.74    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health, Inc.                        | Cardinal Health, Inc.                                      | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |      6993 | NS      | $1502655.84   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERISAFE, Inc.                              | AMERISAFE, Inc.                                            | CUSIP: 03071H100<br>LEI: 2549002B4EXPBLGMNN22 | Long             | EC               | CORP              | US        |       560 | NS      | $21061.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Haverty Furniture Cos., Inc.                 | Haverty Furniture Cos., Inc.                               | CUSIP: 419596101<br>LEI: 529900CVFMMIRXZVPD70 | Long             | EC               | CORP              | US        |       445 | NS      | $11267.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc.                             | Caterpillar Inc.                                           | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |     13771 | NS      | $9052504.56   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliant Energy Corp.                         | Alliant Energy Corp.                                       | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |      7569 | NS      | $498872.79    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrow Financial Corp.                        | Arrow Financial Corp.                                      | CUSIP: 042744102<br>LEI: 2549007Z8GI9ZZIQ1817 | Long             | EC               | CORP              | US        |       487 | NS      | $16465.47     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Middlesex Water Co.                          | Middlesex Water Co.                                        | CUSIP: 596680108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       543 | NS      | $28442.34     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Graco Inc.                                   | Graco Inc.                                                 | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |      4884 | NS      | $426519.72    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                       | Trane Technologies PLC                                     | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |      6524 | NS      | $2743863.92   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP, Inc.                                | IDACORP, Inc.                                              | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |      1592 | NS      | $211401.68    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp.                           | Agree Realty Corp.                                         | CUSIP: 008492100<br>LEI: 98450090H010B37OEB68 | Long             | EC               | CORP              | US        |      3386 | NS      | $244570.78    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                          | Cisco Systems, Inc.                                        | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    116301 | NS      | $9108694.32   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Landstar System, Inc.                        | Landstar System, Inc.                                      | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |      1009 | NS      | $150704.24    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings, Inc.              | Lincoln Electric Holdings, Inc.                            | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |      1621 | NS      | $430132.35    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc.                                | Evercore Inc., Class A                                     | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |      1137 | NS      | $401667.99    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communities, Inc.      | Mid-America Apartment Communities, Inc.                    | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |      3450 | NS      | $463335.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Oshkosh Corp.                                | Oshkosh Corp.                                              | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |      1864 | NS      | $268080.48    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co. (The)                          | Coca-Cola Co. (The)                                        | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |    126620 | NS      | $9472442.20   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                                      | Aon PLC, Class A                                           | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |      6330 | NS      | $2213221.20   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI Corp.                                    | UGI Corp.                                                  | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |      6318 | NS      | $253414.98    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co.                        | Colgate-Palmolive Co.                                      | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     23730 | NS      | $2142581.70   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp.                                    | RTX Corp.                                                  | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     39471 | NS      | $7930908.03   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service, Inc.                  | United Parcel Service, Inc., Class B                       | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |     21754 | NS      | $2310709.88   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullen/Frost Bankers, Inc.                   | Cullen/Frost Bankers, Inc.                                 | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |      1885 | NS      | $259790.70    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc.                                 | Cummins Inc.                                               | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |      4063 | NS      | $2351745.66   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries, Inc.                         | UFP Industries, Inc.                                       | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |      1716 | NS      | $177228.48    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Private Government Fund              | Invesco Private Government Fund                            | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |   1249953 | NS      | $1249952.75   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Danaher Corp.                                | Danaher Corp.                                              | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     20795 | NS      | $4551817.55   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Realty Income Trust         | Universal Health Realty Income Trust                       | CUSIP: 91359E105<br>LEI: 549300L4MWZL4IH6H172 | Long             | EC               | CORP              | US        |       411 | NS      | $16329.03     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Dover Corp.                                  | Dover Corp.                                                | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |      4037 | NS      | $813415.13    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp.                                 | Ameren Corp.                                               | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |      7959 | NS      | $822005.52    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                         | Edison International                                       | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |     11326 | NS      | $705383.28    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co.                         | Emerson Electric Co.                                       | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |     16541 | NS      | $2430865.36   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp.                                | Entergy Corp.                                              | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |     13148 | NS      | $1260761.72   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Avient Corp.                                 | Avient Corp.                                               | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |      2694 | NS      | $97388.10     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastman Chemical Co.                         | Eastman Chemical Co.                                       | CUSIP: 277432100<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | EC               | CORP              | US        |      3361 | NS      | $232984.52    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc.                                  | Ecolab Inc.                                                | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |      8336 | NS      | $2350668.64   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Private Prime Fund                   | Invesco Private Prime Fund                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |   3246351 | NS      | $3246350.61   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                          | Fifth Third Bancorp                                        | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |     19469 | NS      | $977733.18    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Getty Realty Corp.                           | Getty Realty Corp.                                         | CUSIP: 374297109<br>LEI: 2549000P1W5SFJWCNP90 | Long             | EC               | CORP              | US        |      1701 | NS      | $50791.86     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Resources, Inc.                     | Franklin Resources, Inc.                                   | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |     15331 | NS      | $408111.22    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| H.B. Fuller Co.                              | H.B. Fuller Co.                                            | CUSIP: 359694106<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | EC               | CORP              | US        |      1593 | NS      | $95739.30     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co.                            | Genuine Parts Co.                                          | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |      4095 | NS      | $569164.05    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra                                       | Sempra                                                     | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |     19215 | NS      | $1671897.15   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Insurance Group, Inc. (The)         | Hartford Insurance Group, Inc. (The)                       | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |      8200 | NS      | $1107492.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                            | Exxon Mobil Corp.                                          | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    124136 | NS      | $17552830.40  | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot, Inc. (The)                       | Home Depot, Inc. (The)                                     | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     29307 | NS      | $10978109.13  | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| W. R. Berkley Corp.                          | W. R. Berkley Corp.                                        | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |     11185 | NS      | $767067.30    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co., Inc.                    | Church & Dwight Co., Inc.                                  | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |      7068 | NS      | $680295.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Timken Co. (The)                             | Timken Co. (The)                                           | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |      2054 | NS      | $191412.26    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods, Inc.                            | Tyson Foods, Inc., Class A                                 | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |      8330 | NS      | $544198.90    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc.                 | Honeywell International Inc.                               | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     18688 | NS      | $4251893.76   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp.        | International Business Machines Corp.                      | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |     27516 | NS      | $8439157.20   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                            | Johnson & Johnson                                          | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     70922 | NS      | $16117024.50  | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp.                         | Kimberly-Clark Corp.                                       | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |      9767 | NS      | $976602.33    | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| Kroger Co. (The)                             | Kroger Co. (The)                                           | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |     19503 | NS      | $1225763.55   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly and Co.                            | Eli Lilly and Co.                                          | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     27868 | NS      | $28903296.20  | 3.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp.                        | Lockheed Martin Corp.                                      | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      6810 | NS      | $4319038.20   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp.                                 | Target Corp.                                               | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |     13331 | NS      | $1406020.57   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries, Inc.                         | PPG Industries, Inc.                                       | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |      6602 | NS      | $763389.26    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos., Inc.                            | Lowe's Cos., Inc.                                          | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |     16516 | NS      | $4410762.96   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos., Inc.                  | Marsh & McLennan Cos., Inc.                                | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |     14421 | NS      | $2713887.99   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corp.                                  | Masco Corp.                                                | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |      6116 | NS      | $404206.44    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Inc.                       | Quest Diagnostics Inc.                                     | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |      3277 | NS      | $612897.31    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp.                               | Amphenol Corp., Class A                                    | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     36031 | NS      | $5191346.48   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp.                             | McDonald's Corp.                                           | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |     20959 | NS      | $6602085.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Marzetti Co. (The)                           | Marzetti Co. (The)                                         | CUSIP: 513847103<br>LEI: 529900X4O13HED1ZAS58 | Long             | EC               | CORP              | US        |       806 | NS      | $138285.42    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Inc.                    | Microchip Technology Inc.                                  | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |     15908 | NS      | $1207735.36   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                              | Microsoft Corp.                                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     60890 | NS      | $26200358.10  | 3.44%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co., Inc.            | American Electric Power Co., Inc.                          | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |     15720 | NS      | $1882863.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                               | Morgan Stanley                                             | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     46793 | NS      | $8553760.40   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions, Inc.                     | Motorola Solutions, Inc.                                   | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      4906 | NS      | $1974861.24   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE, Inc.                                   | NIKE, Inc., Class B                                        | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |     35010 | NS      | $2163968.10   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp.                       | Northrop Grumman Corp.                                     | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |      4202 | NS      | $2908876.52   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordson Corp.                                | Nordson Corp.                                              | CUSIP: 655663102<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | EC               | CORP              | US        |      1655 | NS      | $454347.15    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corp.                     | Texas Pacific Land Corp.                                   | CUSIP: 88262P102<br>LEI: 529900WTH0D1S7BB4S10 | Long             | EC               | CORP              | US        |      2025 | NS      | $705429.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corp.                             | OGE Energy Corp.                                           | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |      6052 | NS      | $264351.36    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                                 | Oracle Corp.                                               | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     83917 | NS      | $13811059.86  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics, Inc.                         | Steel Dynamics, Inc.                                       | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |      4300 | NS      | $772151.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp.                          | Union Pacific Corp.                                        | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     17461 | NS      | $4105081.10   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| West Pharmaceutical Services, Inc.           | West Pharmaceutical Services, Inc.                         | CUSIP: 955306105<br>LEI: 5493007NKRGM1RJQ1P16 | Long             | EC               | CORP              | US        |      2122 | NS      | $490436.64    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex, Inc.                                | Paychex, Inc.                                              | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |     10597 | NS      | $1092868.61   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo, Inc.                                | PepsiCo, Inc.                                              | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     40249 | NS      | $6183453.87   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc.                                  | Pfizer Inc.                                                | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    167362 | NS      | $4425051.28   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co. (The)                   | Procter & Gamble Co. (The)                                 | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     68781 | NS      | $10438892.37  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed Inc.                                  | ResMed Inc.                                                | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |      4298 | NS      | $1110216.38   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Robert Half Inc.                             | Robert Half Inc.                                           | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Long             | EC               | CORP              | US        |      2979 | NS      | $103103.19    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc.                      | UnitedHealth Group Inc.                                    | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     26674 | NS      | $7653570.82   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp.                       | General Dynamics Corp.                                     | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      7948 | NS      | $2790463.32   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Investments Co.                          | SEI Investments Co.                                        | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |      3611 | NS      | $317226.35    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Service Corp. International                  | Service Corp. International                                | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Long             | EC               | CORP              | US        |      4126 | NS      | $331854.18    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co. (The)                   | Sherwin-Williams Co. (The)                                 | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |      7298 | NS      | $2588162.72   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Snap-on Inc.                                 | Snap-on Inc.                                               | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |      1531 | NS      | $560514.41    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co. (The)                           | Southern Co. (The)                                         | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |     32422 | NS      | $2895608.82   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp.                              | Starbucks Corp.                                            | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |     33473 | NS      | $3077842.35   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp.                           | State Street Corp.                                         | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |      8220 | NS      | $1075669.20   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc.                            | Merck & Co., Inc.                                          | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     73058 | NS      | $8056105.66   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp.                                | Stryker Corp.                                              | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |     11256 | NS      | $4159767.36   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corp.                                  | Sysco Corp.                                                | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |     14094 | NS      | $1181781.90   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc.                       | Texas Instruments Inc.                                     | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     26742 | NS      | $5764238.10   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc.                                 | Walmart Inc.                                               | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |    235185 | NS      | $28019940.90  | 3.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.                  | Verizon Communications Inc.                                | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |    124114 | NS      | $5525555.28   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corp.                         | Terreno Realty Corp.                                       | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3045 | NS      | $187389.30    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp.                                | Moody's Corp.                                              | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |      5249 | NS      | $2706174.44   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Churchill Downs Inc.                         | Churchill Downs Inc.                                       | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Long             | EC               | CORP              | US        |      2056 | NS      | $202228.16    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Bank                                 | Cadence Bank                                               | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EC               | CORP              | US        |      5483 | NS      | $230889.13    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| T. Rowe Price Group, Inc.                    | T. Rowe Price Group, Inc.                                  | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |      6428 | NS      | $679311.04    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                         | JPMorgan Chase & Co.                                       | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     80327 | NS      | $24571226.03  | 3.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Primerica, Inc.                              | Primerica, Inc.                                            | CUSIP: 74164M108<br>LEI: 254900621R686KJR7022 | Long             | EC               | CORP              | US        |       937 | NS      | $246468.48    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bancorp                                 | U.S. Bancorp                                               | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |     45753 | NS      | $2567200.83   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| LeMaitre Vascular, Inc.                      | LeMaitre Vascular, Inc.                                    | CUSIP: 525558201<br>LEI: 549300FZUBUB7MHY8R17 | Long             | EC               | CORP              | US        |       672 | NS      | $57099.84     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Flowers Foods, Inc.                          | Flowers Foods, Inc.                                        | CUSIP: 343498101<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | EC               | CORP              | US        |      6219 | NS      | $71083.17     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Financial Corp.               | First American Financial Corp.                             | CUSIP: 31847R102<br>LEI: 549300B6VEZK3N0A1P55 | Long             | EC               | CORP              | US        |      3000 | NS      | $189540.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| NextEra Energy, Inc.                         | NextEra Energy, Inc.                                       | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     61314 | NS      | $5389500.60   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Cboe Global Markets, Inc.                    | Cboe Global Markets, Inc.                                  | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |      3082 | NS      | $816914.92    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Kadant Inc.                                  | Kadant Inc.                                                | CUSIP: 48282T104<br>LEI: 549300K06LNJYBMPYP15 | Long             | EC               | CORP              | US        |       349 | NS      | $112042.96    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora, Inc.                                | Cencora, Inc.                                              | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      5710 | NS      | $2051146.20   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries N.V.               | LyondellBasell Industries N.V., Class A                    | CUSIP: N53745100<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               | CORP              | NL        |      9472 | NS      | $464128.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                                | Chevron Corp.                                              | CUSIP: 166764100<br>LEI: LJOF0JWZSCIUPEC3LQ45 | Long             | EC               | CORP              | US        |     59269 | NS      | $10484686.10  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                | Accenture PLC, Class A                                     | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |     18251 | NS      | $4811693.64   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Booz Allen Hamilton Holding Corp.            | Booz Allen Hamilton Holding Corp.                          | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |      3575 | NS      | $316101.50    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential Financial, Inc.                   | Prudential Financial, Inc.                                 | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |     10304 | NS      | $1144877.44   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co., Inc.                           | Best Buy Co., Inc.                                         | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |      6187 | NS      | $402773.70    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                    | Linde PLC                                                  | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |     13741 | NS      | $6279224.77   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Thor Industries, Inc.                        | Thor Industries, Inc.                                      | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |      1556 | NS      | $174069.72    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Apple Inc.                                   | Apple Inc.                                                 | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    107571 | NS      | $27912523.08  | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Ingalls Industries, Inc.          | Huntington Ingalls Industries, Inc.                        | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |      1154 | NS      | $485268.54    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corp.                                  | Nucor Corp.                                                | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |      6734 | NS      | $1196766.48   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Agricultural Mortgage Corp.          | Federal Agricultural Mortgage Corp., Class C               | CUSIP: 313148306<br>LEI: 549300MS654K78GYF580 | Long             | EC               | CORP              | US        |       277 | NS      | $46896.10     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Lease Corp.                              | Air Lease Corp., Class A                                   | CUSIP: 00912X302<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EC               | CORP              | US        |      3292 | NS      | $212761.96    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing, Inc.              | Automatic Data Processing, Inc.                            | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |     11908 | NS      | $2939132.56   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Utilities Corp.                   | Chesapeake Utilities Corp.                                 | CUSIP: 165303108<br>LEI: 254900WW0FDCKAOCKE74 | Long             | EC               | CORP              | US        |       700 | NS      | $90076.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis, Inc.                               | Prologis, Inc.                                             | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     27342 | NS      | $3569771.52   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| United Community Banks, Inc.                 | United Community Banks, Inc.                               | CUSIP: 90984P303<br>LEI: 549300GVW0FV66X3U703 | Long             | EC               | CORP              | US        |      3583 | NS      | $123362.69    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial, Inc.                        | STAG Industrial, Inc.                                      | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |      5496 | NS      | $206154.96    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Westlake Corp.                               | Westlake Corp.                                             | CUSIP: 960413102<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | EC               | CORP              | US        |      3774 | NS      | $299353.68    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| First Financial Bankshares, Inc.             | First Financial Bankshares, Inc.                           | CUSIP: 32020R109<br>LEI: 549300XN3GTGOENGNV49 | Long             | EC               | CORP              | US        |      4216 | NS      | $134153.12    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc.                                | QUALCOMM Inc.                                              | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     31524 | NS      | $4778723.16   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Trust Bancorp, Inc.                | Community Trust Bancorp, Inc.                              | CUSIP: 204149108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       536 | NS      | $33071.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cabot Corp.                                  | Cabot Corp.                                                | CUSIP: 127055101<br>LEI: K05C0SER542GQ6VLRO68 | Long             | EC               | CORP              | US        |      1558 | NS      | $112472.02    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart                                    | CubeSmart                                                  | CUSIP: 229663109<br>LEI: 549300MPHKO3I3FJRA97 | Long             | EC               | CORP              | US        |      6710 | NS      | $251826.30    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp.                                | Comcast Corp., Class A                                     | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    106984 | NS      | $3182774.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Dick's Sporting Goods, Inc.                  | Dick's Sporting Goods, Inc.                                | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |      1949 | NS      | $393698.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| D.R. Horton, Inc.                            | D.R. Horton, Inc.                                          | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |      8597 | NS      | $1279577.48   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Zions Bancorp., N.A.                         | Zions Bancorp., N.A.                                       | CUSIP: 989701107<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | EC               | CORP              | US        |      4347 | NS      | $260428.77    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem Inc.                                   | Xylem Inc.                                                 | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |      7167 | NS      | $988114.29    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                           | Altria Group, Inc.                                         | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     49415 | NS      | $3063235.85   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Renewable Partners L.P.           | Brookfield Renewable Partners L.P.                         | CUSIP: G16258108<br>LEI: VA8DFMRI2GY8Y7V79H93 | Long             | EC               | CORP              | BM        |      8801 | NS      | $262533.83    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Clorox Co. (The)                             | Clorox Co. (The)                                           | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |      3595 | NS      | $405480.05    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp.                         | American Tower Corp.                                       | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |     13776 | NS      | $2469761.28   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC                          | TE Connectivity PLC                                        | CUSIP: G87052109<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |      8660 | NS      | $1929274.80   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock, Inc.                              | BlackRock, Inc.                                            | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |      4569 | NS      | $5112436.86   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp.                           | Lam Research Corp.                                         | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     36969 | NS      | $8630782.74   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Infrastructure Partners L.P.      | Brookfield Infrastructure Partners L.P.                    | CUSIP: G16252101<br>LEI: 549300WEH5R2OODI7Y90 | Long             | EC               | CORP              | BM        |     13580 | NS      | $490917.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Donegal Group Inc.                           | Donegal Group Inc., Class A                                | CUSIP: 257701201<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       912 | NS      | $17027.04     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                                  | Phillips 66                                                | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |     11863 | NS      | $1703052.28   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion Inc.                               | Ingredion Inc.                                             | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |      1873 | NS      | $221201.30    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ensign Group, Inc. (The)                     | Ensign Group, Inc. (The)                                   | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |      1707 | NS      | $293023.62    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp.                            | Duke Energy Corp.                                          | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |     22889 | NS      | $2777580.15   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson, Inc.                                 | Matson, Inc.                                               | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |       915 | NS      | $146674.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management, Inc.                       | Waste Management, Inc.                                     | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |     11861 | NS      | $2635988.64   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies, Inc.                   | Agilent Technologies, Inc.                                 | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |      8344 | NS      | $1116844.40   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International, Inc.                 | Mondelez International, Inc., Class A                      | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |     37985 | NS      | $2220982.95   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyster-Yale, Inc.                            | Hyster-Yale, Inc.                                          | CUSIP: 449172105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       423 | NS      | $14149.35     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems Inc.                | FactSet Research Systems Inc.                              | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |      1100 | NS      | $279796.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MPLX L.P.                                    | MPLX L.P.                                                  | CUSIP: 55336V100<br>LEI: 5493000CZJ19CK4P3G36 | Long             | EC               | CORP              | US        |     29937 | NS      | $1673478.30   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Polaris Inc.                                 | Polaris Inc.                                               | CUSIP: 731068102<br>LEI: 549300QJSN8UVWN1EI78 | Long             | EC               | CORP              | US        |      1657 | NS      | $105782.88    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Arthur J. Gallagher & Co.                    | Arthur J. Gallagher & Co.                                  | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |      7561 | NS      | $1885486.57   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Delek Logistics Partners, L.P.               | Delek Logistics Partners, L.P.                             | CUSIP: 24664T103<br>LEI: 549300UVYITDIU51P724 | Long             | EC               | CORP              | US        |      1575 | NS      | $78261.75     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SouthState Bank Corp.                        | SouthState Bank Corp.                                      | CUSIP: 84472E102<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |      2959 | NS      | $302794.47    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| W.W. Grainger, Inc.                          | W.W. Grainger, Inc.                                        | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |      1399 | NS      | $1510836.06   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp. PLC                              | Eaton Corp. PLC                                            | CUSIP: G29183103<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |     11433 | NS      | $4017784.86   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co.                               | DTE Energy Co.                                             | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |      6116 | NS      | $821868.08    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc.                                  | AbbVie Inc.                                                | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     52025 | NS      | $11602095.25  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Service Enterprise Group Inc.         | Public Service Enterprise Group Inc.                       | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |     14694 | NS      | $1210197.84   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc.                                  | Zoetis Inc.                                                | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |     12973 | NS      | $1619289.86   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Gladstone Land Corp.                         | Gladstone Land Corp.                                       | CUSIP: 376549101<br>LEI: 54930002B3Q17H38FG74 | Long             | EC               | CORP              | US        |      1096 | NS      | $12220.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| KLA Corp.                                    | KLA Corp.                                                  | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      3865 | NS      | $5518988.10   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| CSG Systems International, Inc.              | CSG Systems International, Inc.                            | CUSIP: 126349109<br>LEI: 549300D7FJZUOHHXUA81 | Long             | EC               | CORP              | US        |       836 | NS      | $66671.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Lithia Motors, Inc.                          | Lithia Motors, Inc., Class A                               | CUSIP: 536797103<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | EC               | CORP              | US        |       718 | NS      | $232229.92    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| J.B. Hunt Transport Services, Inc.           | J.B. Hunt Transport Services, Inc.                         | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |      2803 | NS      | $568224.16    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoe Carnival, Inc.                          | Shoe Carnival, Inc.                                        | CUSIP: 824889109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       802 | NS      | $15286.12     | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| Illinois Tool Works Inc.                     | Illinois Tool Works Inc.                                   | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |      8539 | NS      | $2230899.14   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corp.                      | Regions Financial Corp.                                    | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |     26267 | NS      | $748609.50    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown-Forman Corp.                           | Brown-Forman Corp., Class B                                | CUSIP: 115637209<br>LEI: 549300873K3LXF7ARU34 | Long             | EC               | CORP              | US        |      8939 | NS      | $244660.43    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Consolidated Edison, Inc.                    | Consolidated Edison, Inc.                                  | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |     10628 | NS      | $1133263.64   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp.                             | CMS Energy Corp.                                           | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |      8960 | NS      | $640550.40    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Unum Group                                   | Unum Group                                                 | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |      4929 | NS      | $374456.13    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals, Inc.             | Air Products and Chemicals, Inc.                           | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |      6549 | NS      | $1784602.50   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp.                               | McKesson Corp.                                             | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      3631 | NS      | $3018123.51   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| McCormick & Co., Inc.                        | McCormick & Co., Inc.                                      | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |      7456 | NS      | $461004.48    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Dillard's, Inc.                              | Dillard's, Inc., Class A                                   | CUSIP: 254067101<br>LEI: 529900FGYKMWL6019P91 | Long             | EC               | CORP              | US        |       344 | NS      | $209000.64    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Cincinnati Financial Corp.                   | Cincinnati Financial Corp.                                 | CUSIP: 172062101<br>LEI: 254900Q4WEDMZBOZ0002 | Long             | EC               | CORP              | US        |      4594 | NS      | $739128.66    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust, Inc.                   | Essex Property Trust, Inc.                                 | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |      1898 | NS      | $478049.26    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryder System, Inc.                           | Ryder System, Inc.                                         | CUSIP: 783549108<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | EC               | CORP              | US        |      1187 | NS      | $227049.36    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker, Inc.                 | Stanley Black & Decker, Inc.                               | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |      4561 | NS      | $358768.26    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp.                                    | CDW Corp.                                                  | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |      3831 | NS      | $484200.09    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc.                                  | Intuit Inc.                                                | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      8189 | NS      | $4085655.88   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corp.                         | Avery Dennison Corp.                                       | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |      2272 | NS      | $421478.72    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle West Capital Corp.                  | Pinnacle West Capital Corp.                                | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |      3527 | NS      | $329986.12    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife, Inc.                                | MetLife, Inc.                                              | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |     19399 | NS      | $1530193.12   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Co.                         | Vulcan Materials Co.                                       | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |      3888 | NS      | $1168499.52   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc.                             | Xcel Energy Inc.                                           | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     17413 | NS      | $1324432.78   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Regency Centers Corp.                        | Regency Centers Corp.                                      | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               | CORP              | US        |      5382 | NS      | $392186.34    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal Financial Group, Inc.              | Principal Financial Group, Inc.                            | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |      6471 | NS      | $612933.12    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp.                                 | Cintas Corp.                                               | CUSIP: 172908105<br>LEI: 549300E27V6N4OJCJ944 | Long             | EC               | CORP              | US        |     11831 | NS      | $2264335.09   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Aflac Inc.                                   | Aflac Inc.                                                 | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |     15424 | NS      | $1711292.80   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation, Inc.                    | Rockwell Automation, Inc.                                  | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |      3307 | NS      | $1394396.55   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Exponent, Inc.                               | Exponent, Inc.                                             | CUSIP: 30214U102<br>LEI: 529900NY3F5Q2NWPUZ42 | Long             | EC               | CORP              | US        |      1469 | NS      | $105577.03    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.             | Philip Morris International Inc.                           | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     45818 | NS      | $8221581.92   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty, Inc.              | Rexford Industrial Realty, Inc.                            | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |      6851 | NS      | $277671.03    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc.                                    | Visa Inc., Class A                                         | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     49688 | NS      | $15991089.04  | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEX Corp.                                   | IDEX Corp.                                                 | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | EC               | CORP              | US        |      2200 | NS      | $436810.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MarketAxess Holdings Inc.                    | MarketAxess Holdings Inc.                                  | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |      1100 | NS      | $186153.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Standex International Corp.                  | Standex International Corp.                                | CUSIP: 854231107<br>LEI: RCX52GR0JW2LRRMH9Z54 | Long             | EC               | CORP              | US        |       359 | NS      | $86160.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Drainage Systems, Inc.              | Advanced Drainage Systems, Inc.                            | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | EC               | CORP              | US        |      2286 | NS      | $347563.44    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance, Inc.                               | Reliance, Inc.                                             | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |      1540 | NS      | $507430.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Selective Insurance Group, Inc.              | Selective Insurance Group, Inc.                            | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |      1780 | NS      | $149662.40    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange, Inc.              | Intercontinental Exchange, Inc.                            | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     16781 | NS      | $2916202.18   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennox International Inc.                    | Lennox International Inc.                                  | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | EC               | CORP              | US        |      1030 | NS      | $509932.40    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Silgan Holdings Inc.                         | Silgan Holdings Inc.                                       | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Long             | EC               | CORP              | US        |      3151 | NS      | $135965.65    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologies, Inc.        | Applied Industrial Technologies, Inc.                      | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |      1108 | NS      | $288534.28    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegion PLC                                 | Allegion PLC                                               | CUSIP: G0176J109<br>LEI: 984500560CAC2E6FB757 | Long             | EC               | CORP              | IE        |      2531 | NS      | $418602.09    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| City Holding Co.                             | City Holding Co.                                           | CUSIP: 177835105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       427 | NS      | $52559.43     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services, Inc.                      | Republic Services, Inc.                                    | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |      9115 | NS      | $1960545.35   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Southside Bancshares, Inc.                   | Southside Bancshares, Inc.                                 | CUSIP: 84470P109<br>LEI: 549300TC83207VQA2K65 | Long             | EC               | CORP              | US        |       882 | NS      | $28391.58     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Westamerica Bancorporation                   | Westamerica Bancorporation                                 | CUSIP: 957090103<br>LEI: 984500CF4F8115C11D96 | Long             | EC               | CORP              | US        |       730 | NS      | $36923.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Matthews International Corp.                 | Matthews International Corp., Class A                      | CUSIP: 577128101<br>LEI: 549300ZVC5O0ATML6U61 | Long             | EC               | CORP              | US        |       904 | NS      | $23766.16     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HNI Corp.                                    | HNI Corp.                                                  | CUSIP: 404251100<br>LEI: 549300SKRADLC4O5HV93 | Long             | EC               | CORP              | US        |      1349 | NS      | $64468.71     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Hawkins, Inc.                                | Hawkins, Inc.                                              | CUSIP: 420261109<br>LEI: 549300VL3IJ23OWX1Y34 | Long             | EC               | CORP              | US        |       618 | NS      | $80494.50     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Perrigo Co. PLC                              | Perrigo Co. PLC                                            | CUSIP: G97822103<br>LEI: 549300IFOQS6R1QLY196 | Long             | EC               | CORP              | IE        |      4051 | NS      | $57564.71     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NNN REIT, Inc.                               | NNN REIT, Inc.                                             | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |      5590 | NS      | $232935.30    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp.                          | Realty Income Corp.                                        | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |     27076 | NS      | $1655968.16   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| First Industrial Realty Trust, Inc.          | First Industrial Realty Trust, Inc.                        | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3897 | NS      | $226142.91    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE Gas, Inc.                                | ONE Gas, Inc.                                              | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |      1768 | NS      | $140662.08    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Co., Inc.               | American Water Works Co., Inc.                             | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |      5744 | NS      | $741722.72    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MSA Safety Inc.                              | MSA Safety Inc.                                            | CUSIP: 553498106<br>LEI: 529900DVA3258XK11O39 | Long             | EC               | CORP              | US        |      1151 | NS      | $203899.65    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Watsco, Inc.                                 | Watsco, Inc.                                               | CUSIP: 942622200<br>LEI: 549300F1Y3LN5BX5WN75 | Long             | EC               | CORP              | US        |      1026 | NS      | $396497.70    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Stock Yards Bancorp, Inc.                    | Stock Yards Bancorp, Inc.                                  | CUSIP: 861025104<br>LEI: 549300YERP9H5TDIQW16 | Long             | EC               | CORP              | US        |       864 | NS      | $58484.16     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Tetra Tech, Inc.                             | Tetra Tech, Inc.                                           | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               | CORP              | US        |      7681 | NS      | $289266.46    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Domino's Pizza, Inc.                         | Domino's Pizza, Inc.                                       | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |       992 | NS      | $407047.36    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Innospec Inc.                                | Innospec Inc.                                              | CUSIP: 45768S105<br>LEI: 213800SQBACNY5IWJO68 | Long             | EC               | CORP              | US        |       725 | NS      | $59247.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ServisFirst Bancshares, Inc.                 | ServisFirst Bancshares, Inc.                               | CUSIP: 81768T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1609 | NS      | $131696.65    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corp.                            | Black Hills Corp.                                          | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |      2218 | NS      | $161869.64    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CareTrust REIT, Inc.                         | CareTrust REIT, Inc.                                       | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |      6570 | NS      | $245323.80    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| A.O. Smith Corp.                             | A.O. Smith Corp.                                           | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |      3340 | NS      | $245456.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse, Inc.                             | Littelfuse, Inc.                                           | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |       729 | NS      | $236021.04    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindsay Corp.                                | Lindsay Corp.                                              | CUSIP: 535555106<br>LEI: 549300ZFO0QG5H8TPI61 | Long             | EC               | CORP              | US        |       314 | NS      | $39334.78     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| United Bankshares, Inc.                      | United Bankshares, Inc.                                    | CUSIP: 909907107<br>LEI: 5299005O3BAMJ9Z92V62 | Long             | EC               | CORP              | US        |      4133 | NS      | $174949.89    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| S&T Bancorp, Inc.                            | S&T Bancorp, Inc.                                          | CUSIP: 783859101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1123 | NS      | $47884.72     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Lakeland Financial Corp.                     | Lakeland Financial Corp.                                   | CUSIP: 511656100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       748 | NS      | $44580.80     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Independent Bank Corp.                       | Independent Bank Corp.                                     | CUSIP: 453836108<br>LEI: 549300C5K3W8THR3GE10 | Long             | EC               | CORP              | US        |      1460 | NS      | $117938.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Independent Bank Corp.                       | Independent Bank Corp.                                     | CUSIP: 453838609<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       612 | NS      | $21511.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BancFirst Corp.                              | BancFirst Corp.                                            | CUSIP: 05945F103<br>LEI: 549300EJEHGBP4IO2J30 | Long             | EC               | CORP              | US        |       979 | NS      | $107641.05    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Simmons First National Corp.                 | Simmons First National Corp., Class A                      | CUSIP: 828730200<br>LEI: 549300IVR5AJKUVOGN05 | Long             | EC               | CORP              | US        |      4261 | NS      | $86626.13     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Wesbanco, Inc.                               | Wesbanco, Inc.                                             | CUSIP: 950810101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2827 | NS      | $99764.83     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| 1st Source Corp.                             | 1st Source Corp.                                           | CUSIP: 336901103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       723 | NS      | $48679.59     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Financial, Inc.            | Fidelity National Financial, Inc.                          | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |      7977 | NS      | $433869.03    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| RenaissanceRe Holdings Ltd.                  | RenaissanceRe Holdings Ltd.                                | CUSIP: G7496G103<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | BM        |      1360 | NS      | $383112.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co.                           | Tractor Supply Co.                                         | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |     15551 | NS      | $791234.88    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Financial System, Inc.             | Community Financial System, Inc.                           | CUSIP: 203607106<br>LEI: 5299008N6YHE6GCP1E80 | Long             | EC               | CORP              | US        |      1551 | NS      | $96937.50     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Travelers Cos., Inc. (The)                   | Travelers Cos., Inc. (The)                                 | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |      6563 | NS      | $1867239.13   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohen & Steers, Inc.                         | Cohen & Steers, Inc.                                       | CUSIP: 19247A100<br>LEI: 549300XXIA338A0X2K65 | Long             | EC               | CORP              | US        |      1502 | NS      | $96518.52     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health, Inc.                        | Elevance Health, Inc.                                      | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |      6538 | NS      | $2260448.12   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial, Inc.                | Raymond James Financial, Inc.                              | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |      5790 | NS      | $960329.40    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Morningstar, Inc.                            | Morningstar, Inc.                                          | CUSIP: 617700109<br>LEI: 529900YGNQPOVAXQ7F29 | Long             | EC               | CORP              | US        |      1209 | NS      | $244326.81    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Corp.                              | Universal Corp.                                            | CUSIP: 913456109<br>LEI: 549300BZXZ66F6DTIF20 | Long             | EC               | CORP              | US        |       730 | NS      | $41310.70     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| J & J Snack Foods Corp.                      | J & J Snack Foods Corp.                                    | CUSIP: 466032109<br>LEI: 894500IGP1Y2ZQFQMJ83 | Long             | EC               | CORP              | US        |       573 | NS      | $54435.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions, Inc.         | Broadridge Financial Solutions, Inc.                       | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |      3439 | NS      | $677861.29    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| UDR, Inc.                                    | UDR, Inc.                                                  | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               | CORP              | US        |      9727 | NS      | $361358.05    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                | Medtronic PLC                                              | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |     37738 | NS      | $3885504.48   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Insperity, Inc.                              | Insperity, Inc.                                            | CUSIP: 45778Q107<br>LEI: 5299000Q0KW7HY5DB751 | Long             | EC               | CORP              | US        |      1108 | NS      | $47344.84     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                            | Eversource Energy                                          | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |     11042 | NS      | $763333.46    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corp.                                 | Chemed Corp.                                               | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |       419 | NS      | $178971.66    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamo Group Inc.                             | Alamo Group Inc.                                           | CUSIP: 011311107<br>LEI: 54930080C93RVZRSDV26 | Long             | EC               | CORP              | US        |       359 | NS      | $70116.29     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Artesian Resources Corp.                     | Artesian Resources Corp., Class A                          | CUSIP: 043113208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       279 | NS      | $9307.44      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Balchem Corp.                                | Balchem Corp.                                              | CUSIP: 057665200<br>LEI: 549300VR70OPMHUI3557 | Long             | EC               | CORP              | US        |       951 | NS      | $161831.67    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| John Wiley & Sons, Inc.                      | John Wiley & Sons, Inc., Class A                           | CUSIP: 968223206<br>LEI: 5493003XM719UN7E8P64 | Long             | EC               | CORP              | US        |      1307 | NS      | $40817.61     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cass Information Systems, Inc.               | Cass Information Systems, Inc.                             | CUSIP: 14808P109<br>LEI: 549300G7XPIPR7SJ2F38 | Long             | EC               | CORP              | US        |       387 | NS      | $17399.52     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Financial Services Corp.          | Enterprise Financial Services Corp.                        | CUSIP: 293712105<br>LEI: 5493001XTU5DLD632129 | Long             | EC               | CORP              | US        |      1088 | NS      | $62396.80     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| First Business Financial Services, Inc.      | First Business Financial Services, Inc.                    | CUSIP: 319390100<br>LEI: 549300BXKLW2T50TKU95 | Long             | EC               | CORP              | US        |       246 | NS      | $14100.72     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| German American Bancorp, Inc.                | German American Bancorp, Inc.                              | CUSIP: 373865104<br>LEI: 5493002JDOI3GTNVUD76 | Long             | EC               | CORP              | US        |      1102 | NS      | $46361.14     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Heritage Financial Corp.                     | Heritage Financial Corp.                                   | CUSIP: 42722X106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       997 | NS      | $25732.57     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Outdoors Inc.                        | Johnson Outdoors Inc., Class A                             | CUSIP: 479167108<br>LEI: PJ44D8BWGDM6EUNG3Z13 | Long             | EC               | CORP              | US        |       271 | NS      | $12300.69     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Pool Corp.                                   | Pool Corp.                                                 | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |      1095 | NS      | $278228.55    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexstar Media Group, Inc.                    | Nexstar Media Group, Inc., Class A                         | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |       890 | NS      | $189018.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Northrim BanCorp, Inc.                       | Northrim BanCorp, Inc.                                     | CUSIP: 666762109<br>LEI: 5493006X7RLLTZ3SG075 | Long             | EC               | CORP              | US        |       654 | NS      | $15408.24     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Home BancShares, Inc.                        | Home BancShares, Inc.                                      | CUSIP: 436893200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5786 | NS      | $167215.40    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Oil-Dri Corp. of America                     | Oil-Dri Corp. of America                                   | CUSIP: 677864100<br>LEI: 549300RSG5KPUH16WH66 | Long             | EC               | CORP              | US        |       307 | NS      | $18588.85     | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| Quaker Chemical Corp.                        | Quaker Chemical Corp.                                      | CUSIP: 747316107<br>LEI: 549300PJQ1R3WCWCPS54 | Long             | EC               | CORP              | US        |       513 | NS      | $78868.62     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Missouri Bancorp, Inc.              | Southern Missouri Bancorp, Inc.                            | CUSIP: 843380106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       332 | NS      | $20773.24     | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| Stepan Co.                                   | Stepan Co.                                                 | CUSIP: 858586100<br>LEI: IZU1EW9GB3WC7CYCSR17 | Long             | EC               | CORP              | US        |       670 | NS      | $38598.70     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Towne Bank                                   | Towne Bank                                                 | CUSIP: 89214P109<br>LEI: 54930039UO39UJGI7078 | Long             | EC               | CORP              | US        |      2320 | NS      | $81200.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TriCo Bancshares                             | TriCo Bancshares                                           | CUSIP: 896095106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       954 | NS      | $47528.28     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Unitil Corp.                                 | Unitil Corp.                                               | CUSIP: 913259107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       530 | NS      | $26982.30     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Unity Bancorp, Inc.                          | Unity Bancorp, Inc.                                        | CUSIP: 913290102<br>LEI: 549300Q90ZRNUR65PL93 | Long             | EC               | CORP              | US        |       297 | NS      | $16026.12     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| York Water Co. (The)                         | York Water Co. (The)                                       | CUSIP: 987184108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       427 | NS      | $14338.66     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Co.                | Portland General Electric Co.                              | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |      3314 | NS      | $166528.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Cos. Inc.                           | Carlisle Cos. Inc.                                         | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |      1229 | NS      | $418953.81    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ABM Industries Inc.                          | ABM Industries Inc.                                        | CUSIP: 000957100<br>LEI: QF02R89VEIOROM77J447 | Long             | EC               | CORP              | US        |      1805 | NS      | $83102.20     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp. (The)          | Bank of New York Mellon Corp. (The)                        | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |     20529 | NS      | $2461837.68   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc.                               | CME Group Inc., Class A                                    | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |     10618 | NS      | $3069239.08   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Civista Bancshares, Inc.                     | Civista Bancshares, Inc.                                   | CUSIP: 178867107<br>LEI: 5493001LX61Z2UVYSC48 | Long             | EC               | CORP              | US        |       614 | NS      | $14815.82     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc.                              | Mastercard Inc., Class A                                   | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     26236 | NS      | $14135694.44  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Products Partners L.P.            | Enterprise Products Partners L.P.                          | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |     63681 | NS      | $2113572.39   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Main Street Capital Corp.                    | Main Street Capital Corp.                                  | CUSIP: 56035L104<br>LEI: 5493001FS9QJLJNF3E20 | Long             | EC               | RF                | US        |      2636 | NS      | $168176.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| WEC Energy Group Inc.                        | WEC Energy Group Inc.                                      | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |      9573 | NS      | $1059443.91   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Expeditors International of Washington, Inc. | Expeditors International of Washington, Inc.               | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |      3944 | NS      | $633169.76    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Dolby Laboratories, Inc.                     | Dolby Laboratories, Inc., Class A                          | CUSIP: 25659T107<br>LEI: 549300X04FB2QPCJ5J24 | Long             | EC               | CORP              | US        |      1793 | NS      | $115092.67    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |

### Signature

**Date Signed:** 2026-03-02

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

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Vice President