# EDGAR Filing Document

**Accession Number:** 0001378872
**File Stem:** 0001752724-25-180506
**Filing Date:** 2025-7
**Character Count:** 318910
**Document Hash:** 1538abec7b7dccd130663f3887b850c5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-180506.hdr.sgml**: 20250728

**ACCESSION NUMBER**: 0001752724-25-180506

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250728

**DATE AS OF CHANGE**: 20250728

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Invesco Exchange-Traded Fund Trust II
- **CENTRAL INDEX KEY:** 0001378872

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21977
- **FILM NUMBER:** 251154388

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

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

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

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

## Series and Classes Contracts Data

### Invesco S&P 500 Revenue ETF (Series ID: S000064593)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000209110 | Invesco S&P 500 Revenue ETF | RWL             |

## Nport-Ex

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

**Invesco S&P 500 Revenue ETF (RWL)**

May 31, 2025

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-99.90%** | **Common Stocks & Other Equity Interests-99.90%** | **Common Stocks & Other Equity Interests-99.90%** |
| **Communication Services-7.53%** | **Communication Services-7.53%** | **Communication Services-7.53%** |
| Alphabet, Inc., Class A | 313557 | &nbsp;&nbsp; $53850279 |
| Alphabet, Inc., Class C | 310043 | &nbsp;&nbsp; 53590933 |
| AT&T, Inc. | 1425414 | &nbsp;&nbsp; 39626509 |
| Charter Communications, Inc., Class A<sup>(b)</sup> | 47151 | &nbsp;&nbsp; 18684527 |
| Comcast Corp., Class A | 1052358 | &nbsp;&nbsp; 36380016 |
| Electronic Arts, Inc. | 16050 | &nbsp;&nbsp; 2307669 |
| Fox Corp., Class A<sup>(c)</sup> | 43307 | &nbsp;&nbsp; 2379287 |
| Fox Corp., Class B | 46728 | &nbsp;&nbsp; 2349484 |
| Interpublic Group of Cos., Inc. (The) | 121009 | &nbsp;&nbsp; 2899376 |
| Live Nation Entertainment, Inc.<sup>(b)</sup> | 56225 | &nbsp;&nbsp; 7713508 |
| Match Group, Inc. | 33723 | &nbsp;&nbsp; 1009667 |
| Meta Platforms, Inc., Class A | 79537 | &nbsp;&nbsp; 51499412 |
| Netflix, Inc.<sup>(b)</sup> | 12656 | &nbsp;&nbsp; 15278703 |
| News Corp., Class A | 52028 | &nbsp;&nbsp; 1469271 |
| News Corp., Class B<sup>(c)</sup> | 45360 | &nbsp;&nbsp; 1484179 |
| Omnicom Group, Inc. | 58520 | &nbsp;&nbsp; 4297709 |
| Paramount Global, Class B<sup>(c)</sup> | 754704 | &nbsp;&nbsp; 9131918 |
| Take-Two Interactive Software, Inc.<sup>(b)</sup> | 7955 | &nbsp;&nbsp; 1800057 |
| TKO Group Holdings, Inc. | 5719 | &nbsp;&nbsp; 902515 |
| T-Mobile US, Inc. | 95320 | &nbsp;&nbsp; 23086504 |
| Verizon Communications, Inc. | 948366 | &nbsp;&nbsp; 41690169 |
| Walt Disney Co. (The) | 279082 | &nbsp;&nbsp; 31547429 |
| Warner Bros. Discovery, Inc.<sup>(b)</sup> | 1129818 | &nbsp;&nbsp; 11264285 |
|  |  | &nbsp;&nbsp; 414243406 |
| **Consumer Discretionary-12.06%** | **Consumer Discretionary-12.06%** | **Consumer Discretionary-12.06%** |
| Airbnb, Inc., Class A<sup>(b)</sup> | 26174 | &nbsp;&nbsp; 3376446 |
| Amazon.com, Inc.<sup>(b)</sup> | 960765 | &nbsp;&nbsp; 196966433 |
| Aptiv PLC (Jersey)<sup>(b)</sup> | 92214 | &nbsp;&nbsp; 6160817 |
| AutoZone, Inc.<sup>(b)</sup> | 1597 | &nbsp;&nbsp; 5961665 |
| Best Buy Co., Inc. | 171246 | &nbsp;&nbsp; 11350185 |
| Booking Holdings, Inc. | 1634 | &nbsp;&nbsp; 9017932 |
| &nbsp;&nbsp;&nbsp; Caesars Entertainment, Inc., (Acquired <br> 01/18/2022 - 05/30/2025; <br> Cost $4,652,893)<sup>(b)(c)(d)</sup><br>| 122773 | &nbsp;&nbsp; 3300138 |
| CarMax, Inc.<sup>(b)</sup> | 106841 | &nbsp;&nbsp; 6886971 |
| Carnival Corp.<sup>(b)</sup> | 383860 | &nbsp;&nbsp; 8913229 |
| Chipotle Mexican Grill, Inc.<sup>(b)(c)</sup> | 67449 | &nbsp;&nbsp; 3377846 |
| D.R. Horton, Inc. | 85486 | &nbsp;&nbsp; 10092477 |
| Darden Restaurants, Inc. | 18167 | &nbsp;&nbsp; 3891553 |
| Deckers Outdoor Corp.<sup>(b)</sup> | 12124 | &nbsp;&nbsp; 1279324 |
| Domino's Pizza, Inc. | 3229 | &nbsp;&nbsp; 1529965 |
| DoorDash, Inc., Class A<sup>(b)</sup> | 17060 | &nbsp;&nbsp; 3559569 |
| eBay, Inc. | 47379 | &nbsp;&nbsp; 3466721 |
| Expedia Group, Inc. | 25179 | &nbsp;&nbsp; 4198598 |
| Ford Motor Co. | 5778366 | &nbsp;&nbsp; 59979439 |
| Garmin Ltd. | 8714 | &nbsp;&nbsp; 1768681 |
| General Motors Co. | 1172242 | &nbsp;&nbsp; 58154926 |
| Genuine Parts Co. | 57708 | &nbsp;&nbsp; 7301216 |
| Hasbro, Inc.<sup>(c)</sup> | 19946 | &nbsp;&nbsp; 1330598 |
| Hilton Worldwide Holdings, Inc. | 14625 | &nbsp;&nbsp; 3633435 |
| Home Depot, Inc. (The) | 131034 | &nbsp;&nbsp; 48258512 |
| Las Vegas Sands Corp. | 78763 | &nbsp;&nbsp; 3241885 |
| Lennar Corp., Class A | 80124 | &nbsp;&nbsp; 8499554 |
| LKQ Corp.<sup>(c)</sup> | 100662 | &nbsp;&nbsp; 4073791 |
| Lowe's Cos., Inc. | 109675 | &nbsp;&nbsp; 24756938 |
| lululemon athletica, inc.<sup>(b)</sup> | 9675 | &nbsp;&nbsp; 3063782 |
| Marriott International, Inc., Class A | 30707 | &nbsp;&nbsp; 8101428 |
| McDonald's Corp. | 25844 | &nbsp;&nbsp; 8111139 |
| MGM Resorts International<sup>(b)(c)</sup> | 165970 | &nbsp;&nbsp; 5252951 |
| Mohawk Industries, Inc.<sup>(b)</sup> | 28502 | &nbsp;&nbsp; 2867586 |
| NIKE, Inc., Class B | 199682 | &nbsp;&nbsp; 12098732 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Consumer Discretionary-(continued)** | **Consumer Discretionary-(continued)** | **Consumer Discretionary-(continued)** |
| Norwegian Cruise Line Holdings Ltd.<sup>(b)</sup> | 148756 | &nbsp;&nbsp; $2625543 |
| NVR, Inc.<sup>(b)</sup> | 421 | &nbsp;&nbsp; 2995807 |
| O'Reilly Automotive, Inc.<sup>(b)</sup> | 3832 | &nbsp;&nbsp; 5240260 |
| Pool Corp.<sup>(c)</sup> | 4736 | &nbsp;&nbsp; 1423594 |
| PulteGroup, Inc. | 51746 | &nbsp;&nbsp; 5072660 |
| Ralph Lauren Corp. | 9184 | &nbsp;&nbsp; 2542223 |
| Ross Stores, Inc. | 49840 | &nbsp;&nbsp; 6982086 |
| Royal Caribbean Cruises Ltd. | 23730 | &nbsp;&nbsp; 6097898 |
| Starbucks Corp. | 109669 | &nbsp;&nbsp; 9206713 |
| Tapestry, Inc. | 28208 | &nbsp;&nbsp; 2215738 |
| Tesla, Inc.<sup>(b)</sup> | 117995 | &nbsp;&nbsp; 40880548 |
| TJX Cos., Inc. (The) | 146250 | &nbsp;&nbsp; 18559125 |
| Tractor Supply Co.<sup>(c)</sup> | 84816 | &nbsp;&nbsp; 4105094 |
| Ulta Beauty, Inc.<sup>(b)</sup> | 10323 | &nbsp;&nbsp; 4866882 |
| Williams-Sonoma, Inc. | 12853 | &nbsp;&nbsp; 2079101 |
| Wynn Resorts Ltd.<sup>(c)</sup> | 24787 | &nbsp;&nbsp; 2244215 |
| Yum! Brands, Inc. | 14617 | &nbsp;&nbsp; 2103971 |
|  |  | &nbsp;&nbsp; 663065920 |
| **Consumer Staples-13.21%** | **Consumer Staples-13.21%** | **Consumer Staples-13.21%** |
| Altria Group, Inc. | 105473 | &nbsp;&nbsp; 6392718 |
| Archer-Daniels-Midland Co. | 543544 | &nbsp;&nbsp; 26236869 |
| Brown-Forman Corp., Class B | 35137 | &nbsp;&nbsp; 1171468 |
| Bunge Global S.A. | 217380 | &nbsp;&nbsp; 16988247 |
| Church & Dwight Co., Inc. | 16744 | &nbsp;&nbsp; 1646103 |
| Clorox Co. (The) | 14526 | &nbsp;&nbsp; 1915689 |
| Coca-Cola Co. (The) | 200169 | &nbsp;&nbsp; 14432185 |
| Colgate-Palmolive Co. | 66004 | &nbsp;&nbsp; 6134412 |
| Conagra Brands, Inc. | 137360 | &nbsp;&nbsp; 3144170 |
| Constellation Brands, Inc., Class A<sup>(c)</sup> | 16565 | &nbsp;&nbsp; 2953374 |
| Costco Wholesale Corp. | 85330 | &nbsp;&nbsp; 88758559 |
| Dollar General Corp.<sup>(c)</sup> | 160623 | &nbsp;&nbsp; 15620587 |
| Dollar Tree, Inc.<sup>(b)</sup> | 150986 | &nbsp;&nbsp; 13627996 |
| Estee Lauder Cos., Inc. (The), Class A | 67897 | &nbsp;&nbsp; 4545025 |
| General Mills, Inc. | 98876 | &nbsp;&nbsp; 5365012 |
| Hershey Co. (The)<sup>(c)</sup> | 19555 | &nbsp;&nbsp; 3142293 |
| Hormel Foods Corp. | 121656 | &nbsp;&nbsp; 3732406 |
| J.M. Smucker Co. (The) | 23631 | &nbsp;&nbsp; 2661087 |
| Kellanova | 46204 | &nbsp;&nbsp; 3817836 |
| Kenvue, Inc. | 199916 | &nbsp;&nbsp; 4771995 |
| Keurig Dr Pepper, Inc. | 139590 | &nbsp;&nbsp; 4699995 |
| Kimberly-Clark Corp. | 42792 | &nbsp;&nbsp; 6151778 |
| Kraft Heinz Co. (The) | 254523 | &nbsp;&nbsp; 6803400 |
| Kroger Co. (The) | 678299 | &nbsp;&nbsp; 46280341 |
| Lamb Weston Holdings, Inc. | 36792 | &nbsp;&nbsp; 2052258 |
| McCormick & Co., Inc. | 24572 | &nbsp;&nbsp; 1787122 |
| Molson Coors Beverage Co., Class B | 58439 | &nbsp;&nbsp; 3131746 |
| Mondelez International, Inc., Class A | 168094 | &nbsp;&nbsp; 11344664 |
| Monster Beverage Corp.<sup>(b)</sup> | 41108 | &nbsp;&nbsp; 2628857 |
| PepsiCo, Inc. | 185542 | &nbsp;&nbsp; 24389496 |
| Philip Morris International, Inc. | 74729 | &nbsp;&nbsp; 13495310 |
| Procter & Gamble Co. (The) | 149942 | &nbsp;&nbsp; 25473646 |
| Sysco Corp. | 327466 | &nbsp;&nbsp; 23905018 |
| Target Corp.<sup>(c)</sup> | 297303 | &nbsp;&nbsp; 27949455 |
| The Campbell's Company<sup>(c)</sup> | 78264 | &nbsp;&nbsp; 2664107 |
| Tyson Foods, Inc., Class A | 266872 | &nbsp;&nbsp; 14987531 |
| Walgreens Boots Alliance, Inc. | 4023883 | &nbsp;&nbsp; 45268684 |
| Walmart, Inc. | 2393877 | &nbsp;&nbsp; 236323537 |
|  |  | &nbsp;&nbsp; 726394976 |
| **Energy-6.56%** | **Energy-6.56%** | **Energy-6.56%** |
| APA Corp.<sup>(c)</sup> | 147859 | &nbsp;&nbsp; 2515082 |
| Baker Hughes Co., Class A | 195488 | &nbsp;&nbsp; 7242830 |

---

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

------

**Invesco S&P 500 Revenue ETF (RWL)—(continued)**

May 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Energy-(continued)** | **Energy-(continued)** | **Energy-(continued)** |
| Chevron Corp. | 379655 | &nbsp;&nbsp; $51898838 |
| ConocoPhillips | 167224 | &nbsp;&nbsp; 14272568 |
| Coterra Energy, Inc. | 59793 | &nbsp;&nbsp; 1453568 |
| Devon Energy Corp. | 133625 | &nbsp;&nbsp; 4043492 |
| Diamondback Energy, Inc. | 22497 | &nbsp;&nbsp; 3026971 |
| EOG Resources, Inc. | 56381 | &nbsp;&nbsp; 6121285 |
| EQT Corp. | 31868 | &nbsp;&nbsp; 1756883 |
| Expand Energy Corp. | 12613 | &nbsp;&nbsp; 1464748 |
| Exxon Mobil Corp. | 932960 | &nbsp;&nbsp; 95441808 |
| Halliburton Co. | 277025 | &nbsp;&nbsp; 5426920 |
| Hess Corp. | 26690 | &nbsp;&nbsp; 3528151 |
| Kinder Morgan, Inc. | 169595 | &nbsp;&nbsp; 4755444 |
| Marathon Petroleum Corp. | 302666 | &nbsp;&nbsp; 48650533 |
| Occidental Petroleum Corp. | 175340 | &nbsp;&nbsp; 7150365 |
| ONEOK, Inc. | 69638 | &nbsp;&nbsp; 5629536 |
| Phillips 66 | 345935 | &nbsp;&nbsp; 39256704 |
| Schlumberger N.V. | 270472 | &nbsp;&nbsp; 8939100 |
| Targa Resources Corp. | 26506 | &nbsp;&nbsp; 4186093 |
| Texas Pacific Land Corp.<sup>(c)</sup> | 149 | &nbsp;&nbsp; 165990 |
| Valero Energy Corp. | 310683 | &nbsp;&nbsp; 40068787 |
| Williams Cos., Inc. (The) | 56971 | &nbsp;&nbsp; 3447315 |
|  |  | &nbsp;&nbsp; 360443011 |
| **Financials-16.21%** | **Financials-16.21%** | **Financials-16.21%** |
| Aflac, Inc. | 53962 | &nbsp;&nbsp; 5587225 |
| Allstate Corp. (The) | 96774 | &nbsp;&nbsp; 20309959 |
| American Express Co. | 85162 | &nbsp;&nbsp; 25041886 |
| American International Group, Inc. | 124714 | &nbsp;&nbsp; 10555793 |
| Ameriprise Financial, Inc. | 11222 | &nbsp;&nbsp; 5714691 |
| Aon PLC, Class A | 11857 | &nbsp;&nbsp; 4411753 |
| Apollo Global Management, Inc. | 58240 | &nbsp;&nbsp; 7611386 |
| Arch Capital Group Ltd. | 56430 | &nbsp;&nbsp; 5363107 |
| Arthur J. Gallagher & Co. | 10514 | &nbsp;&nbsp; 3652984 |
| Assurant, Inc. | 17574 | &nbsp;&nbsp; 3567171 |
| Bank of America Corp. | 1493003 | &nbsp;&nbsp; 65886222 |
| Bank of New York Mellon Corp. (The) | 147359 | &nbsp;&nbsp; 13057481 |
| Berkshire Hathaway, Inc., Class B<sup>(b)</sup> | 224324 | &nbsp;&nbsp; 113050323 |
| BlackRock, Inc. | 6867 | &nbsp;&nbsp; 6728905 |
| Blackstone, Inc., Class A | 26437 | &nbsp;&nbsp; 3668398 |
| Brown & Brown, Inc. | 12263 | &nbsp;&nbsp; 1384493 |
| Capital One Financial Corp. | 93683 | &nbsp;&nbsp; 17720139 |
| Cboe Global Markets, Inc. | 5889 | &nbsp;&nbsp; 1349288 |
| Charles Schwab Corp. (The) | 104804 | &nbsp;&nbsp; 9258385 |
| Chubb Ltd. | 58900 | &nbsp;&nbsp; 17505080 |
| Cincinnati Financial Corp. | 24159 | &nbsp;&nbsp; 3643660 |
| Citigroup, Inc. | 753229 | &nbsp;&nbsp; 56733208 |
| Citizens Financial Group, Inc. | 91775 | &nbsp;&nbsp; 3703121 |
| CME Group, Inc., Class A | 7099 | &nbsp;&nbsp; 2051611 |
| Corpay, Inc.<sup>(b)</sup> | 3587 | &nbsp;&nbsp; 1166170 |
| Erie Indemnity Co., Class A<sup>(c)</sup> | 2679 | &nbsp;&nbsp; 960448 |
| Everest Group Ltd. | 14845 | &nbsp;&nbsp; 5154036 |
| FactSet Research Systems, Inc. | 1575 | &nbsp;&nbsp; 721760 |
| Fidelity National Information Services, Inc. | 44313 | &nbsp;&nbsp; 3527758 |
| Fifth Third Bancorp | 107554 | &nbsp;&nbsp; 4107487 |
| Fiserv, Inc.<sup>(b)</sup> | 28856 | &nbsp;&nbsp; 4697468 |
| Franklin Resources, Inc.<sup>(c)</sup> | 134810 | &nbsp;&nbsp; 2917288 |
| Global Payments, Inc. | 32466 | &nbsp;&nbsp; 2454754 |
| Globe Life, Inc. | 14046 | &nbsp;&nbsp; 1711786 |
| Goldman Sachs Group, Inc. (The) | 70633 | &nbsp;&nbsp; 42411585 |
| Hartford Insurance Group, Inc. (The) | 68728 | &nbsp;&nbsp; 8923644 |
| Huntington Bancshares, Inc. | 243162 | &nbsp;&nbsp; 3800622 |
| Intercontinental Exchange, Inc. | 19565 | &nbsp;&nbsp; 3517787 |
| Invesco Ltd.<sup>(e)</sup> | 117571 | &nbsp;&nbsp; 1700077 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Financials-(continued)** | **Financials-(continued)** | **Financials-(continued)** |
| Jack Henry & Associates, Inc. | 3937 | &nbsp;&nbsp; $713266 |
| JPMorgan Chase & Co. | 371544 | &nbsp;&nbsp; 98087616 |
| KeyCorp | 176898 | &nbsp;&nbsp; 2805602 |
| KKR & Co., Inc., Class A | 61002 | &nbsp;&nbsp; 7409303 |
| Loews Corp. | 62245 | &nbsp;&nbsp; 5557856 |
| M&T Bank Corp. | 23265 | &nbsp;&nbsp; 4249120 |
| MarketAxess Holdings, Inc. | 1224 | &nbsp;&nbsp; 264886 |
| Marsh & McLennan Cos., Inc. | 31809 | &nbsp;&nbsp; 7432491 |
| Mastercard, Inc., Class A | 16035 | &nbsp;&nbsp; 9390096 |
| MetLife, Inc. | 268327 | &nbsp;&nbsp; 21085136 |
| Moody's Corp. | 4765 | &nbsp;&nbsp; 2283960 |
| Morgan Stanley | 271974 | &nbsp;&nbsp; 34820831 |
| MSCI, Inc. | 1590 | &nbsp;&nbsp; 896792 |
| Nasdaq, Inc. | 30252 | &nbsp;&nbsp; 2527252 |
| Northern Trust Corp. | 47032 | &nbsp;&nbsp; 5020196 |
| PayPal Holdings, Inc.<sup>(b)</sup> | 138879 | &nbsp;&nbsp; 9760416 |
| PNC Financial Services Group, Inc. (The) | 59436 | &nbsp;&nbsp; 10330571 |
| Principal Financial Group, Inc. | 58668 | &nbsp;&nbsp; 4569651 |
| Progressive Corp. (The) | 81242 | &nbsp;&nbsp; 23148283 |
| Prudential Financial, Inc. | 198625 | &nbsp;&nbsp; 20635151 |
| Raymond James Financial, Inc. | 32482 | &nbsp;&nbsp; 4774204 |
| Regions Financial Corp. | 132605 | &nbsp;&nbsp; 2843051 |
| S&P Global, Inc. | 8857 | &nbsp;&nbsp; 4542401 |
| State Street Corp. | 73673 | &nbsp;&nbsp; 7093236 |
| Synchrony Financial | 115530 | &nbsp;&nbsp; 6660305 |
| T. Rowe Price Group, Inc. | 22650 | &nbsp;&nbsp; 2119814 |
| Travelers Cos., Inc. (The) | 55133 | &nbsp;&nbsp; 15200168 |
| Truist Financial Corp. | 183411 | &nbsp;&nbsp; 7244734 |
| U.S. Bancorp | 303489 | &nbsp;&nbsp; 13229086 |
| Visa, Inc., Class A | 33114 | &nbsp;&nbsp; 12092902 |
| W.R. Berkley Corp. | 66081 | &nbsp;&nbsp; 4935590 |
| Wells Fargo & Co. | 548976 | &nbsp;&nbsp; 41052425 |
| Willis Towers Watson PLC | 9205 | &nbsp;&nbsp; 2913843 |
|  |  | &nbsp;&nbsp; 891019173 |
| **Health Care-17.72%** | **Health Care-17.72%** | **Health Care-17.72%** |
| Abbott Laboratories | 96438 | &nbsp;&nbsp; 12882188 |
| AbbVie, Inc. | 79500 | &nbsp;&nbsp; 14795745 |
| Agilent Technologies, Inc. | 16220 | &nbsp;&nbsp; 1815342 |
| Align Technology, Inc.<sup>(b)</sup> | 7219 | &nbsp;&nbsp; 1306206 |
| Amgen, Inc. | 31770 | &nbsp;&nbsp; 9155479 |
| Baxter International, Inc. | 111457 | &nbsp;&nbsp; 3399439 |
| Becton, Dickinson and Co. | 27549 | &nbsp;&nbsp; 4754682 |
| Biogen, Inc.<sup>(b)</sup> | 19717 | &nbsp;&nbsp; 2559069 |
| Bio-Techne Corp. | 5951 | &nbsp;&nbsp; 288028 |
| Boston Scientific Corp.<sup>(b)</sup> | 51840 | &nbsp;&nbsp; 5456678 |
| Bristol-Myers Squibb Co. | 241959 | &nbsp;&nbsp; 11681781 |
| Cardinal Health, Inc. | 525124 | &nbsp;&nbsp; 81100151 |
| Cencora, Inc. | 357529 | &nbsp;&nbsp; 104126746 |
| Centene Corp.<sup>(b)</sup> | 835909 | &nbsp;&nbsp; 47178704 |
| &nbsp;&nbsp;&nbsp; Charles River Laboratories International, <br> Inc.<sup>(b)(c)</sup><br>| 7060 | &nbsp;&nbsp; 957548 |
| Cigna Group (The) | 235348 | &nbsp;&nbsp; 74520591 |
| Cooper Cos., Inc. (The)<sup>(b)</sup> | 14842 | &nbsp;&nbsp; 1013412 |
| CVS Health Corp. | 1721653 | &nbsp;&nbsp; 110254658 |
| Danaher Corp. | 34760 | &nbsp;&nbsp; 6600924 |
| DaVita, Inc.<sup>(b)(c)</sup> | 26780 | &nbsp;&nbsp; 3649043 |
| DexCom, Inc.<sup>(b)</sup> | 17024 | &nbsp;&nbsp; 1460659 |
| Edwards Lifesciences Corp.<sup>(b)</sup> | 24888 | &nbsp;&nbsp; 1946739 |
| Elevance Health, Inc. | 128879 | &nbsp;&nbsp; 49468915 |
| Eli Lilly and Co. | 16401 | &nbsp;&nbsp; 12098526 |
| GE HealthCare Technologies, Inc. | 70031 | &nbsp;&nbsp; 4939987 |
| Gilead Sciences, Inc. | 75505 | &nbsp;&nbsp; 8311590 |

---

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

------

**Invesco S&P 500 Revenue ETF (RWL)—(continued)**

May 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Health Care-(continued)** | **Health Care-(continued)** | **Health Care-(continued)** |
| HCA Healthcare, Inc. | 67542 | &nbsp;&nbsp; $25759843 |
| Henry Schein, Inc.<sup>(b)(c)</sup> | 54081 | &nbsp;&nbsp; 3785129 |
| Hologic, Inc.<sup>(b)</sup> | 19718 | &nbsp;&nbsp; 1225868 |
| Humana, Inc. | 141490 | &nbsp;&nbsp; 32985564 |
| IDEXX Laboratories, Inc.<sup>(b)</sup> | 2862 | &nbsp;&nbsp; 1469236 |
| Incyte Corp.<sup>(b)</sup> | 18724 | &nbsp;&nbsp; 1218183 |
| Insulet Corp.<sup>(b)</sup> | 2475 | &nbsp;&nbsp; 804449 |
| Intuitive Surgical, Inc.<sup>(b)</sup> | 5045 | &nbsp;&nbsp; 2786555 |
| IQVIA Holdings, Inc.<sup>(b)</sup> | 24753 | &nbsp;&nbsp; 3473589 |
| Johnson & Johnson | 163243 | &nbsp;&nbsp; 25336946 |
| Labcorp Holdings, Inc. | 16434 | &nbsp;&nbsp; 4091573 |
| McKesson Corp. | 161124 | &nbsp;&nbsp; 115930329 |
| Medtronic PLC | 108274 | &nbsp;&nbsp; 8984577 |
| Merck & Co., Inc. | 205147 | &nbsp;&nbsp; 15763495 |
| Mettler-Toledo International, Inc.<sup>(b)</sup> | 956 | &nbsp;&nbsp; 1104677 |
| Moderna, Inc.<sup>(b)(c)</sup> | 27610 | &nbsp;&nbsp; 733322 |
| Molina Healthcare, Inc.<sup>(b)</sup> | 38612 | &nbsp;&nbsp; 11778204 |
| Pfizer, Inc. | 740697 | &nbsp;&nbsp; 17398973 |
| Quest Diagnostics, Inc. | 17687 | &nbsp;&nbsp; 3065865 |
| Regeneron Pharmaceuticals, Inc. | 6163 | &nbsp;&nbsp; 3021596 |
| ResMed, Inc. | 6669 | &nbsp;&nbsp; 1632505 |
| Revvity, Inc.<sup>(c)</sup> | 7334 | &nbsp;&nbsp; 663140 |
| Solventum Corp.<sup>(b)</sup> | 33245 | &nbsp;&nbsp; 2429877 |
| STERIS PLC | 7148 | &nbsp;&nbsp; 1752761 |
| Stryker Corp. | 18592 | &nbsp;&nbsp; 7114043 |
| Thermo Fisher Scientific, Inc. | 24996 | &nbsp;&nbsp; 10068889 |
| UnitedHealth Group, Inc. | 249269 | &nbsp;&nbsp; 75256804 |
| Universal Health Services, Inc., Class B | 28344 | &nbsp;&nbsp; 5395280 |
| Vertex Pharmaceuticals, Inc.<sup>(b)</sup> | 6612 | &nbsp;&nbsp; 2922835 |
| Viatris, Inc. | 473861 | &nbsp;&nbsp; 4165238 |
| Waters Corp.<sup>(b)(c)</sup> | 2357 | &nbsp;&nbsp; 823159 |
| West Pharmaceutical Services, Inc. | 3871 | &nbsp;&nbsp; 816200 |
| Zimmer Biomet Holdings, Inc. | 22012 | &nbsp;&nbsp; 2028846 |
| Zoetis, Inc. | 17096 | &nbsp;&nbsp; 2882898 |
|  |  | &nbsp;&nbsp; 974393278 |
| **Industrials-9.68%** | **Industrials-9.68%** | **Industrials-9.68%** |
| 3M Co. | 52730 | &nbsp;&nbsp; 7822495 |
| A.O. Smith Corp. | 17358 | &nbsp;&nbsp; 1116293 |
| Allegion PLC | 9065 | &nbsp;&nbsp; 1293576 |
| AMETEK, Inc. | 11652 | &nbsp;&nbsp; 2082678 |
| Automatic Data Processing, Inc. | 20161 | &nbsp;&nbsp; 6563010 |
| Axon Enterprise, Inc.<sup>(b)</sup> | 1161 | &nbsp;&nbsp; 871168 |
| Boeing Co. (The)<sup>(b)</sup> | 125361 | &nbsp;&nbsp; 25989843 |
| Broadridge Financial Solutions, Inc. | 8851 | &nbsp;&nbsp; 2149288 |
| Builders FirstSource, Inc.<sup>(b)</sup> | 37765 | &nbsp;&nbsp; 4066535 |
| C.H. Robinson Worldwide, Inc. | 54963 | &nbsp;&nbsp; 5274799 |
| Carrier Global Corp. | 109432 | &nbsp;&nbsp; 7791558 |
| Caterpillar, Inc. | 57360 | &nbsp;&nbsp; 19963001 |
| Cintas Corp. | 15423 | &nbsp;&nbsp; 3493310 |
| Copart, Inc.<sup>(b)</sup> | 25384 | &nbsp;&nbsp; 1306768 |
| CSX Corp. | 146773 | &nbsp;&nbsp; 4636559 |
| Cummins, Inc. | 30909 | &nbsp;&nbsp; 9936625 |
| Dayforce, Inc.<sup>(b)(c)</sup> | 9892 | &nbsp;&nbsp; 584419 |
| Deere & Co. | 30513 | &nbsp;&nbsp; 15447511 |
| Delta Air Lines, Inc. | 407280 | &nbsp;&nbsp; 19708279 |
| Dover Corp. | 13422 | &nbsp;&nbsp; 2385761 |
| Eaton Corp. PLC | 25448 | &nbsp;&nbsp; 8148450 |
| Emerson Electric Co. | 47269 | &nbsp;&nbsp; 5642973 |
| Equifax, Inc. | 7057 | &nbsp;&nbsp; 1864389 |
| &nbsp;&nbsp;&nbsp; Expeditors International of Washington, <br> Inc.<br>| 26972 | &nbsp;&nbsp; 3040554 |
| Fastenal Co. | 59327 | &nbsp;&nbsp; 2452578 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Industrials-(continued)** | **Industrials-(continued)** | **Industrials-(continued)** |
| FedEx Corp. | 107411 | &nbsp;&nbsp; $23426339 |
| Fortive Corp. | 25210 | &nbsp;&nbsp; 1769490 |
| GE Vernova, Inc. | 35024 | &nbsp;&nbsp; 16565652 |
| Generac Holdings, Inc.<sup>(b)</sup> | 9718 | &nbsp;&nbsp; 1186859 |
| General Dynamics Corp. | 54923 | &nbsp;&nbsp; 15295506 |
| General Electric Co. | 70293 | &nbsp;&nbsp; 17285752 |
| Honeywell International, Inc. | 55928 | &nbsp;&nbsp; 12677200 |
| Howmet Aerospace, Inc. | 17333 | &nbsp;&nbsp; 2944703 |
| Hubbell, Inc. | 4989 | &nbsp;&nbsp; 1943615 |
| Huntington Ingalls Industries, Inc. | 17928 | &nbsp;&nbsp; 3999020 |
| IDEX Corp. | 5318 | &nbsp;&nbsp; 962079 |
| Illinois Tool Works, Inc. | 18907 | &nbsp;&nbsp; 4633728 |
| Ingersoll Rand, Inc.<sup>(c)</sup> | 26475 | &nbsp;&nbsp; 2161419 |
| J.B. Hunt Transport Services, Inc. | 23377 | &nbsp;&nbsp; 3245896 |
| Jacobs Solutions, Inc. | 35276 | &nbsp;&nbsp; 4455359 |
| Johnson Controls International PLC | 97544 | &nbsp;&nbsp; 9888035 |
| L3Harris Technologies, Inc. | 30453 | &nbsp;&nbsp; 7440886 |
| Leidos Holdings, Inc. | 37203 | &nbsp;&nbsp; 5525390 |
| Lennox International, Inc. | 2830 | &nbsp;&nbsp; 1597394 |
| Lockheed Martin Corp. | 46072 | &nbsp;&nbsp; 22224211 |
| Masco Corp. | 32829 | &nbsp;&nbsp; 2049186 |
| Nordson Corp. | 3914 | &nbsp;&nbsp; 829729 |
| Norfolk Southern Corp. | 15643 | &nbsp;&nbsp; 3865698 |
| Northrop Grumman Corp. | 25891 | &nbsp;&nbsp; 12551180 |
| Old Dominion Freight Line, Inc. | 10559 | &nbsp;&nbsp; 1691235 |
| Otis Worldwide Corp. | 42631 | &nbsp;&nbsp; 4064866 |
| PACCAR, Inc. | 98385 | &nbsp;&nbsp; 9233432 |
| Parker-Hannifin Corp. | 9697 | &nbsp;&nbsp; 6445596 |
| Paychex, Inc. | 11042 | &nbsp;&nbsp; 1743642 |
| Paycom Software, Inc. | 2696 | &nbsp;&nbsp; 698507 |
| Pentair PLC | 14285 | &nbsp;&nbsp; 1416786 |
| Quanta Services, Inc. | 28471 | &nbsp;&nbsp; 9753026 |
| Republic Services, Inc. | 20786 | &nbsp;&nbsp; 5348030 |
| Rockwell Automation, Inc. | 9195 | &nbsp;&nbsp; 2901482 |
| Rollins, Inc. | 19980 | &nbsp;&nbsp; 1143855 |
| RTX Corp. | 188857 | &nbsp;&nbsp; 25775203 |
| Snap-on, Inc.<sup>(c)</sup> | 4667 | &nbsp;&nbsp; 1496940 |
| Southwest Airlines Co.<sup>(c)</sup> | 272429 | &nbsp;&nbsp; 9093680 |
| Stanley Black & Decker, Inc. | 56495 | &nbsp;&nbsp; 3696468 |
| Textron, Inc. | 56237 | &nbsp;&nbsp; 4163225 |
| Trane Technologies PLC | 17441 | &nbsp;&nbsp; 7504339 |
| TransDigm Group, Inc. | 1851 | &nbsp;&nbsp; 2718064 |
| Uber Technologies, Inc.<sup>(b)</sup> | 184874 | &nbsp;&nbsp; 15558996 |
| Union Pacific Corp. | 30467 | &nbsp;&nbsp; 6753315 |
| United Airlines Holdings, Inc.<sup>(b)</sup> | 235701 | &nbsp;&nbsp; 18725266 |
| United Parcel Service, Inc., Class B | 236024 | &nbsp;&nbsp; 23021781 |
| United Rentals, Inc. | 7520 | &nbsp;&nbsp; 5327018 |
| Veralto Corp. | 16193 | &nbsp;&nbsp; 1635979 |
| Verisk Analytics, Inc. | 2989 | &nbsp;&nbsp; 938964 |
| W.W. Grainger, Inc. | 5301 | &nbsp;&nbsp; 5765156 |
| Wabtec Corp. | 17601 | &nbsp;&nbsp; 3561034 |
| Waste Management, Inc. | 29580 | &nbsp;&nbsp; 7127893 |
| Xylem, Inc. | 20840 | &nbsp;&nbsp; 2626674 |
|  |  | &nbsp;&nbsp; 532087198 |
| **Information Technology-11.07%** | **Information Technology-11.07%** | **Information Technology-11.07%** |
| Accenture PLC, Class A (Ireland) | 61239 | &nbsp;&nbsp; 19401740 |
| Adobe, Inc.<sup>(b)</sup> | 15002 | &nbsp;&nbsp; 6227180 |
| Advanced Micro Devices, Inc.<sup>(b)</sup> | 76327 | &nbsp;&nbsp; 8451689 |
| Akamai Technologies, Inc.<sup>(b)</sup> | 14962 | &nbsp;&nbsp; 1136065 |
| Amphenol Corp., Class A | 72272 | &nbsp;&nbsp; 6499421 |
| Analog Devices, Inc. | 13466 | &nbsp;&nbsp; 2881455 |
| ANSYS, Inc.<sup>(b)</sup> | 2382 | &nbsp;&nbsp; 788013 |

---

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

------

**Invesco S&P 500 Revenue ETF (RWL)—(continued)**

May 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Information Technology-(continued)** | **Information Technology-(continued)** | **Information Technology-(continued)** |
| Apple, Inc. | 546306 | &nbsp;&nbsp; $109725560 |
| Applied Materials, Inc. | 55557 | &nbsp;&nbsp; 8708560 |
| Arista Networks, Inc.<sup>(b)</sup> | 26042 | &nbsp;&nbsp; 2256279 |
| Autodesk, Inc.<sup>(b)</sup> | 7210 | &nbsp;&nbsp; 2135025 |
| Broadcom, Inc. | 84037 | &nbsp;&nbsp; 20342837 |
| Cadence Design Systems, Inc.<sup>(b)</sup> | 5821 | &nbsp;&nbsp; 1671034 |
| CDW Corp. | 37569 | &nbsp;&nbsp; 6775945 |
| Cisco Systems, Inc. | 268194 | &nbsp;&nbsp; 16906950 |
| &nbsp;&nbsp;&nbsp; Cognizant Technology Solutions Corp., <br> Class A<br>| 74074 | &nbsp;&nbsp; 5999253 |
| Corning, Inc. | 86251 | &nbsp;&nbsp; 4277187 |
| CrowdStrike Holdings, Inc., Class A<sup>(b)</sup> | 3443 | &nbsp;&nbsp; 1622927 |
| Dell Technologies, Inc., Class C | 302510 | &nbsp;&nbsp; 33660288 |
| Enphase Energy, Inc.<sup>(b)</sup> | 6777 | &nbsp;&nbsp; 280500 |
| EPAM Systems, Inc.<sup>(b)(c)</sup> | 7415 | &nbsp;&nbsp; 1293843 |
| F5, Inc.<sup>(b)</sup> | 3342 | &nbsp;&nbsp; 953740 |
| Fair Isaac Corp.<sup>(b)</sup> | 301 | &nbsp;&nbsp; 519610 |
| First Solar, Inc.<sup>(b)(c)</sup> | 9203 | &nbsp;&nbsp; 1454810 |
| Fortinet, Inc.<sup>(b)</sup> | 18114 | &nbsp;&nbsp; 1843643 |
| Gartner, Inc.<sup>(b)</sup> | 4080 | &nbsp;&nbsp; 1780594 |
| Gen Digital, Inc. | 43495 | &nbsp;&nbsp; 1238738 |
| GoDaddy, Inc., Class A<sup>(b)</sup> | 7858 | &nbsp;&nbsp; 1431335 |
| Hewlett Packard Enterprise Co. | 618587 | &nbsp;&nbsp; 10689183 |
| HP, Inc. | 563503 | &nbsp;&nbsp; 14031225 |
| Intel Corp. | 768522 | &nbsp;&nbsp; 15024605 |
| International Business Machines Corp. | 75230 | &nbsp;&nbsp; 19489084 |
| Intuit, Inc. | 8667 | &nbsp;&nbsp; 6530324 |
| Jabil, Inc. | 61363 | &nbsp;&nbsp; 10309598 |
| Juniper Networks, Inc. | 42461 | &nbsp;&nbsp; 1525624 |
| Keysight Technologies, Inc.<sup>(b)</sup> | 10025 | &nbsp;&nbsp; 1574326 |
| KLA Corp. | 4782 | &nbsp;&nbsp; 3619400 |
| Lam Research Corp. | 63146 | &nbsp;&nbsp; 5101565 |
| Microchip Technology, Inc. | 27389 | &nbsp;&nbsp; 1589658 |
| Micron Technology, Inc. | 90796 | &nbsp;&nbsp; 8576590 |
| Microsoft Corp. | 204615 | &nbsp;&nbsp; 94196561 |
| Monolithic Power Systems, Inc. | 1175 | &nbsp;&nbsp; 777732 |
| Motorola Solutions, Inc. | 7856 | &nbsp;&nbsp; 3263225 |
| NetApp, Inc. | 21251 | &nbsp;&nbsp; 2107249 |
| NVIDIA Corp. | 337837 | &nbsp;&nbsp; 45651914 |
| NXP Semiconductors N.V. (Netherlands) | 18366 | &nbsp;&nbsp; 3510294 |
| ON Semiconductor Corp.<sup>(b)</sup> | 49349 | &nbsp;&nbsp; 2073645 |
| Oracle Corp. | 110655 | &nbsp;&nbsp; 18316722 |
| Palantir Technologies, Inc., Class A<sup>(b)</sup> | 10250 | &nbsp;&nbsp; 1350745 |
| Palo Alto Networks, Inc.<sup>(b)</sup> | 14291 | &nbsp;&nbsp; 2749874 |
| PTC, Inc.<sup>(b)</sup> | 4395 | &nbsp;&nbsp; 739766 |
| QUALCOMM, Inc. | 79769 | &nbsp;&nbsp; 11582459 |
| Roper Technologies, Inc. | 3736 | &nbsp;&nbsp; 2130529 |
| Salesforce, Inc. | 39889 | &nbsp;&nbsp; 10585344 |
| Seagate Technology Holdings PLC<sup>(c)</sup> | 27671 | &nbsp;&nbsp; 3263518 |
| ServiceNow, Inc.<sup>(b)</sup> | 3907 | &nbsp;&nbsp; 3950329 |
| Skyworks Solutions, Inc. | 17771 | &nbsp;&nbsp; 1226732 |
| Super Micro Computer, Inc.<sup>(b)(c)</sup> | 145941 | &nbsp;&nbsp; 5840559 |
| Synopsys, Inc.<sup>(b)</sup> | 4193 | &nbsp;&nbsp; 1945468 |
| TE Connectivity PLC (Switzerland) | 33014 | &nbsp;&nbsp; 5284551 |
| Teledyne Technologies, Inc.<sup>(b)</sup> | 3527 | &nbsp;&nbsp; 1759479 |
| Teradyne, Inc. | 9643 | &nbsp;&nbsp; 757940 |
| Texas Instruments, Inc. | 26542 | &nbsp;&nbsp; 4853205 |
| Trimble, Inc.<sup>(b)</sup> | 16268 | &nbsp;&nbsp; 1159420 |
| Tyler Technologies, Inc.<sup>(b)</sup> | 1168 | &nbsp;&nbsp; 673924 |
| VeriSign, Inc. | 1981 | &nbsp;&nbsp; 539763 |
| Western Digital Corp.<sup>(b)</sup> | 108377 | &nbsp;&nbsp; 5586834 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Information Technology-(continued)** | **Information Technology-(continued)** | **Information Technology-(continued)** |
| Workday, Inc., Class A<sup>(b)</sup> | 10421 | &nbsp;&nbsp; $2581386 |
| Zebra Technologies Corp., Class A<sup>(b)</sup> | 5387 | &nbsp;&nbsp; 1560991 |
|  |  | &nbsp;&nbsp; 608345561 |
| **Materials-2.36%** | **Materials-2.36%** | **Materials-2.36%** |
| Air Products and Chemicals, Inc. | 12225 | &nbsp;&nbsp; 3409675 |
| Albemarle Corp.<sup>(c)</sup> | 22025 | &nbsp;&nbsp; 1228114 |
| Amcor PLC | 406734 | &nbsp;&nbsp; 3705347 |
| Avery Dennison Corp. | 14776 | &nbsp;&nbsp; 2626138 |
| Ball Corp. | 68609 | &nbsp;&nbsp; 3676070 |
| CF Industries Holdings, Inc. | 22747 | &nbsp;&nbsp; 2063380 |
| Corteva, Inc. | 85481 | &nbsp;&nbsp; 6052055 |
| Dow, Inc. | 360250 | &nbsp;&nbsp; 9993335 |
| DuPont de Nemours, Inc. | 48903 | &nbsp;&nbsp; 3266720 |
| Eastman Chemical Co.<sup>(c)</sup> | 30276 | &nbsp;&nbsp; 2372730 |
| Ecolab, Inc. | 18363 | &nbsp;&nbsp; 4877580 |
| Freeport-McMoRan, Inc.<sup>(c)</sup> | 203881 | &nbsp;&nbsp; 7845341 |
| International Flavors & Fragrances, Inc. | 43094 | &nbsp;&nbsp; 3299277 |
| International Paper Co. | 109688 | &nbsp;&nbsp; 5244183 |
| Linde PLC | 21932 | &nbsp;&nbsp; 10254965 |
| LyondellBasell Industries N.V., Class A | 167474 | &nbsp;&nbsp; 9460606 |
| Martin Marietta Materials, Inc. | 4204 | &nbsp;&nbsp; 2301900 |
| Mosaic Co. (The) | 134441 | &nbsp;&nbsp; 4858698 |
| Newmont Corp. | 127395 | &nbsp;&nbsp; 6716264 |
| Nucor Corp. | 70060 | &nbsp;&nbsp; 7661762 |
| Packaging Corp. of America | 12695 | &nbsp;&nbsp; 2452293 |
| PPG Industries, Inc. | 46757 | &nbsp;&nbsp; 5180676 |
| Sherwin-Williams Co. (The) | 19696 | &nbsp;&nbsp; 7067122 |
| Smurfit WestRock PLC | 142300 | &nbsp;&nbsp; 6165859 |
| Steel Dynamics, Inc. | 42323 | &nbsp;&nbsp; 5208692 |
| Vulcan Materials Co. | 9846 | &nbsp;&nbsp; 2609879 |
|  |  | &nbsp;&nbsp; 129598661 |
| **Real Estate-0.90%** | **Real Estate-0.90%** | **Real Estate-0.90%** |
| Alexandria Real Estate Equities, Inc. | 9406 | &nbsp;&nbsp; 660207 |
| American Tower Corp. | 15581 | &nbsp;&nbsp; 3344462 |
| AvalonBay Communities, Inc. | 4213 | &nbsp;&nbsp; 871122 |
| BXP, Inc.<sup>(c)</sup> | 15378 | &nbsp;&nbsp; 1035401 |
| Camden Property Trust | 3936 | &nbsp;&nbsp; 462441 |
| CBRE Group, Inc., Class A<sup>(b)</sup> | 84228 | &nbsp;&nbsp; 10530184 |
| CoStar Group, Inc.<sup>(b)</sup> | 10634 | &nbsp;&nbsp; 782237 |
| Crown Castle, Inc. | 20598 | &nbsp;&nbsp; 2067009 |
| Digital Realty Trust, Inc. | 10926 | &nbsp;&nbsp; 1874027 |
| Equinix, Inc. | 3056 | &nbsp;&nbsp; 2716234 |
| Equity Residential | 12827 | &nbsp;&nbsp; 899686 |
| Essex Property Trust, Inc. | 1824 | &nbsp;&nbsp; 517834 |
| Extra Space Storage, Inc. | 6513 | &nbsp;&nbsp; 984440 |
| Federal Realty Investment Trust | 3723 | &nbsp;&nbsp; 355472 |
| Healthpeak Properties, Inc. | 39858 | &nbsp;&nbsp; 693928 |
| Host Hotels & Resorts, Inc. | 112188 | &nbsp;&nbsp; 1737792 |
| Invitation Homes, Inc. | 24274 | &nbsp;&nbsp; 818034 |
| Iron Mountain, Inc. | 21250 | &nbsp;&nbsp; 2097587 |
| Kimco Realty Corp. | 29376 | &nbsp;&nbsp; 624534 |
| Mid-America Apartment Communities, Inc. | 4055 | &nbsp;&nbsp; 635216 |
| Prologis, Inc.<sup>(c)</sup> | 21173 | &nbsp;&nbsp; 2299388 |
| Public Storage | 4606 | &nbsp;&nbsp; 1420536 |
| Realty Income Corp. | 28077 | &nbsp;&nbsp; 1589720 |
| Regency Centers Corp. | 6058 | &nbsp;&nbsp; 437085 |
| SBA Communications Corp., Class A<sup>(c)</sup> | 3722 | &nbsp;&nbsp; 863094 |
| Simon Property Group, Inc. | 10737 | &nbsp;&nbsp; 1750883 |
| UDR, Inc. | 11577 | &nbsp;&nbsp; 479635 |
| Ventas, Inc. | 22128 | &nbsp;&nbsp; 1422388 |
| VICI Properties, Inc. | 35748 | &nbsp;&nbsp; 1133569 |

---

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

------

**Invesco S&P 500 Revenue ETF (RWL)—(continued)**

May 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Real Estate-(continued)** | **Real Estate-(continued)** | **Real Estate-(continued)** |
| Welltower, Inc. | 16126 | &nbsp;&nbsp; $2487919 |
| Weyerhaeuser Co. | 72587 | &nbsp;&nbsp; 1880729 |
|  |  | &nbsp;&nbsp; 49472793 |
| **Utilities-2.60%** | **Utilities-2.60%** | **Utilities-2.60%** |
| AES Corp. (The) | 309650 | &nbsp;&nbsp; 3124368 |
| Alliant Energy Corp. | 19129 | &nbsp;&nbsp; 1190398 |
| Ameren Corp. | 23367 | &nbsp;&nbsp; 2263795 |
| American Electric Power Co., Inc. | 57669 | &nbsp;&nbsp; 5968165 |
| American Water Works Co., Inc. | 9964 | &nbsp;&nbsp; 1424553 |
| Atmos Energy Corp. | 8491 | &nbsp;&nbsp; 1313388 |
| CenterPoint Energy, Inc.<sup>(c)</sup> | 74614 | &nbsp;&nbsp; 2778625 |
| CMS Energy Corp. | 31457 | &nbsp;&nbsp; 2209225 |
| Consolidated Edison, Inc. | 44328 | &nbsp;&nbsp; 4631833 |
| Constellation Energy Corp. | 32841 | &nbsp;&nbsp; 10054272 |
| Dominion Energy, Inc. | 79703 | &nbsp;&nbsp; 4516769 |
| DTE Energy Co. | 28048 | &nbsp;&nbsp; 3832759 |
| Duke Energy Corp. | 77687 | &nbsp;&nbsp; 9145314 |
| Edison International | 94603 | &nbsp;&nbsp; 5264657 |
| Entergy Corp. | 42920 | &nbsp;&nbsp; 3574378 |
| Evergy, Inc. | 26205 | &nbsp;&nbsp; 1740274 |
| Eversource Energy | 59688 | &nbsp;&nbsp; 3868379 |
| Exelon Corp. | 161252 | &nbsp;&nbsp; 7066063 |
| FirstEnergy Corp. | 105169 | &nbsp;&nbsp; 4410788 |
| NextEra Energy, Inc. | 99877 | &nbsp;&nbsp; 7055311 |
| NiSource, Inc. | 41678 | &nbsp;&nbsp; 1647948 |
| NRG Energy, Inc. | 91021 | &nbsp;&nbsp; 14190174 |
| PG&E Corp. | 449166 | &nbsp;&nbsp; 7581922 |
| Pinnacle West Capital Corp. | 16790 | &nbsp;&nbsp; 1531752 |
| PPL Corp. | 74312 | &nbsp;&nbsp; 2582342 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Utilities-(continued)** | **Utilities-(continued)** | **Utilities-(continued)** |
| Public Service Enterprise Group, Inc. | 38515 | &nbsp;&nbsp; $3120870 |
| Sempra | 56093 | &nbsp;&nbsp; 4408349 |
| Southern Co. (The) | 89887 | &nbsp;&nbsp; 8089830 |
| Vistra Corp. | 47442 | &nbsp;&nbsp; 7617762 |
| WEC Energy Group, Inc. | 24475 | &nbsp;&nbsp; 2629594 |
| Xcel Energy, Inc. | 58384 | &nbsp;&nbsp; 4092718 |
|  |  | &nbsp;&nbsp; 142926575 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.90% <br>(Cost $4,851,984,545) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.90% <br>(Cost $4,851,984,545) | &nbsp;&nbsp; 5491990552 |
| **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-1.06%** | **Money Market Funds-1.06%** | **Money Market Funds-1.06%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 4.29%<sup>(e)(f)(g)</sup><br>| 13983939 | &nbsp;&nbsp; 13983939 |
| Invesco Private Prime Fund, 4.45%<sup>(e)(f)(g)</sup> | 44065889 | &nbsp;&nbsp; 44074702 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $58,058,641) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $58,058,641) | &nbsp;&nbsp; 58058641 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-100.96% <br>(Cost $4,910,043,186) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-100.96% <br>(Cost $4,910,043,186) | &nbsp;&nbsp; 5550049193 |
| OTHER ASSETS LESS LIABILITIES-(0.96)% | OTHER ASSETS LESS LIABILITIES-(0.96)% | &nbsp;&nbsp; (52708952)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $5497340241 |

---

&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 May 31, 2025. |
| <sup>(d)</sup> | Restricted security. The value of this security at May 31, 2025 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 May 31, 2025.<br>|

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**August 31, 2024**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Value** <br>**May 31, 2025**<br>| **Dividend Income** |
| &nbsp;&nbsp; Invesco Ltd. | &nbsp;&nbsp;&nbsp; $1381299 | &nbsp;&nbsp;&nbsp; $932394 | &nbsp;&nbsp;&nbsp; $(333910)<br>| &nbsp;&nbsp;&nbsp; $(247116)<br>| &nbsp;&nbsp;&nbsp; $(32590)<br>| &nbsp;&nbsp;&nbsp; $1700077 | &nbsp;&nbsp;&nbsp; $60163 |
| **Investments in** <br> **Affiliated Money** <br> **Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & <br> Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 69464973 | &nbsp;&nbsp;&nbsp; (69464973)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 69842 |

---

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

------

**Invesco S&P 500 Revenue ETF (RWL)—(continued)**

May 31, 2025

*(Unaudited)*

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value**<br> **August 31, 2024**<br>| **Purchases**<br> **at Cost**<br>| **Proceeds**<br> **from Sales**<br>| **Change in**<br> **Unrealized**<br> **Appreciation**<br> **(Depreciation)**<br>| **Realized**<br> **Gain**<br> **(Loss)**<br>| **Value**<br> **May 31, 2025**<br>| **Dividend Income** |
| **Investments** <br> **Purchased with Cash** <br> **Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; $36153465 | &nbsp;&nbsp;&nbsp; $352665219 | &nbsp;&nbsp;&nbsp; $(374834745)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $13983939 | &nbsp;&nbsp;&nbsp; $892,845<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime <br> Fund<br>| &nbsp;&nbsp;&nbsp; 94341793 | &nbsp;&nbsp;&nbsp; 744077303 | &nbsp;&nbsp;&nbsp; (794329237)<br>| &nbsp;&nbsp;&nbsp; (5515)<br>| &nbsp;&nbsp;&nbsp; (9642)<br>| &nbsp;&nbsp;&nbsp; 44074702 | &nbsp;&nbsp;&nbsp; 2,400,848<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $131876557 | &nbsp;&nbsp;&nbsp; $1167139889 | &nbsp;&nbsp;&nbsp; $(1238962865)<br>| &nbsp;&nbsp;&nbsp; $(252631)<br>| &nbsp;&nbsp;&nbsp; $(42232)<br>| &nbsp;&nbsp;&nbsp; $59758718 | &nbsp;&nbsp;&nbsp; $3423698 |

---

&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>(f)</sup> The rate shown is the 7-day SEC standardized yield as of May 31, 2025. <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 S&P MidCap 400 Revenue ETF (RWK)**

May 31, 2025

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-99.86%** | **Common Stocks & Other Equity Interests-99.86%** | **Common Stocks & Other Equity Interests-99.86%** |
| **Communication Services-1.31%** | **Communication Services-1.31%** | **Communication Services-1.31%** |
| EchoStar Corp., Class A<sup>(b)(c)</sup> | 197258 | &nbsp;&nbsp; $3497384 |
| Frontier Communications Parent, Inc.<sup>(b)</sup> | 54373 | &nbsp;&nbsp; 1969934 |
| Iridium Communications, Inc. | 9972 | &nbsp;&nbsp; 253289 |
| New York Times Co. (The), Class A | 17721 | &nbsp;&nbsp; 1012223 |
| Nexstar Media Group, Inc., Class A | 10495 | &nbsp;&nbsp; 1788558 |
| Warner Music Group Corp., Class A<sup>(c)</sup> | 62175 | &nbsp;&nbsp; 1636446 |
| ZoomInfo Technologies, Inc., Class A<sup>(b)(c)</sup> | 36443 | &nbsp;&nbsp; 348031 |
|  |  | &nbsp;&nbsp; 10505865 |
| **Consumer Discretionary-20.36%** | **Consumer Discretionary-20.36%** | **Consumer Discretionary-20.36%** |
| Abercrombie & Fitch Co., Class A<sup>(b)</sup> | 21234 | &nbsp;&nbsp; 1666657 |
| Aramark<sup>(c)</sup> | 167308 | &nbsp;&nbsp; 6775974 |
| Autoliv, Inc. (Sweden) | 37460 | &nbsp;&nbsp; 3851637 |
| AutoNation, Inc.<sup>(b)</sup> | 53138 | &nbsp;&nbsp; 9769421 |
| Bath & Body Works, Inc. | 81916 | &nbsp;&nbsp; 2303478 |
| Boyd Gaming Corp. | 19199 | &nbsp;&nbsp; 1439349 |
| Brunswick Corp. | 30416 | &nbsp;&nbsp; 1539658 |
| Burlington Stores, Inc.<sup>(b)</sup> | 14354 | &nbsp;&nbsp; 3276588 |
| Capri Holdings Ltd.<sup>(b)(c)</sup> | 78035 | &nbsp;&nbsp; 1413994 |
| Chewy, Inc., Class A<sup>(b)</sup> | 113131 | &nbsp;&nbsp; 5119178 |
| Choice Hotels International, Inc.<sup>(c)</sup> | 4000 | &nbsp;&nbsp; 506720 |
| Churchill Downs, Inc.<sup>(c)</sup> | 8429 | &nbsp;&nbsp; 804717 |
| Columbia Sportswear Co.<sup>(c)</sup> | 14056 | &nbsp;&nbsp; 896492 |
| Crocs, Inc.<sup>(b)</sup> | 13220 | &nbsp;&nbsp; 1348440 |
| Dick's Sporting Goods, Inc. | 22615 | &nbsp;&nbsp; 4055774 |
| Duolingo, Inc.<sup>(b)</sup> | 837 | &nbsp;&nbsp; 434914 |
| Five Below, Inc.<sup>(b)(c)</sup> | 17041 | &nbsp;&nbsp; 1986469 |
| Floor & Decor Holdings, Inc., Class A<sup>(b)(c)</sup> | 16371 | &nbsp;&nbsp; 1173637 |
| GameStop Corp., Class A<sup>(b)</sup> | 64707 | &nbsp;&nbsp; 1928269 |
| Gap, Inc. (The) | 235522 | &nbsp;&nbsp; 5254496 |
| Gentex Corp.<sup>(c)</sup> | 31101 | &nbsp;&nbsp; 670849 |
| Goodyear Tire & Rubber Co. (The)<sup>(b)(c)</sup> | 666456 | &nbsp;&nbsp; 7604263 |
| Graham Holdings Co., Class B | 1720 | &nbsp;&nbsp; 1641585 |
| Grand Canyon Education, Inc.<sup>(b)</sup> | 1997 | &nbsp;&nbsp; 395096 |
| H&R Block, Inc. | 23663 | &nbsp;&nbsp; 1347608 |
| Harley-Davidson, Inc. | 69565 | &nbsp;&nbsp; 1684169 |
| Hilton Grand Vacations, Inc.<sup>(b)(c)</sup> | 45949 | &nbsp;&nbsp; 1753873 |
| Hyatt Hotels Corp., Class A | 17621 | &nbsp;&nbsp; 2326501 |
| KB Home | 37052 | &nbsp;&nbsp; 1911142 |
| Lear Corp. | 80677 | &nbsp;&nbsp; 7294814 |
| Light & Wonder, Inc.<sup>(b)(c)</sup> | 10268 | &nbsp;&nbsp; 925352 |
| Lithia Motors, Inc., Class A | 39844 | &nbsp;&nbsp; 12626962 |
| Macy's, Inc. | 542624 | &nbsp;&nbsp; 6451799 |
| Marriott Vacations Worldwide Corp. | 23771 | &nbsp;&nbsp; 1565558 |
| Mattel, Inc.<sup>(b)</sup> | 86197 | &nbsp;&nbsp; 1632571 |
| Murphy USA, Inc. | 14715 | &nbsp;&nbsp; 6280215 |
| Ollie's Bargain Outlet Holdings, Inc.<sup>(b)(c)</sup> | 7229 | &nbsp;&nbsp; 805672 |
| Penske Automotive Group, Inc. | 63560 | &nbsp;&nbsp; 10435281 |
| Planet Fitness, Inc., Class A<sup>(b)</sup> | 4120 | &nbsp;&nbsp; 423660 |
| Polaris, Inc. | 53022 | &nbsp;&nbsp; 2079523 |
| PVH Corp. | 43443 | &nbsp;&nbsp; 3639220 |
| RH<sup>(b)(c)</sup> | 4232 | &nbsp;&nbsp; 766457 |
| Service Corp. International | 17536 | &nbsp;&nbsp; 1367808 |
| Skechers U.S.A., Inc., Class A<sup>(b)</sup> | 52214 | &nbsp;&nbsp; 3239356 |
| Somnigroup International, Inc.<sup>(c)</sup> | 28832 | &nbsp;&nbsp; 1875810 |
| Taylor Morrison Home Corp., Class A<sup>(b)</sup> | 45085 | &nbsp;&nbsp; 2537384 |
| Texas Roadhouse, Inc. | 10058 | &nbsp;&nbsp; 1963422 |
| Thor Industries, Inc.<sup>(c)</sup> | 39754 | &nbsp;&nbsp; 3227627 |
| Toll Brothers, Inc. | 33130 | &nbsp;&nbsp; 3453802 |
| TopBuild Corp.<sup>(b)</sup> | 5775 | &nbsp;&nbsp; 1633690 |
| Travel + Leisure Co. | 26145 | &nbsp;&nbsp; 1269863 |
| Under Armour, Inc., Class A<sup>(b)(c)</sup> | 121492 | &nbsp;&nbsp; 815211 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Consumer Discretionary-(continued)** | **Consumer Discretionary-(continued)** | **Consumer Discretionary-(continued)** |
| Under Armour, Inc., Class C<sup>(b)(c)</sup> | 134388 | &nbsp;&nbsp; $846644 |
| V.F. Corp. | 194042 | &nbsp;&nbsp; 2417763 |
| Vail Resorts, Inc.<sup>(c)</sup> | 5981 | &nbsp;&nbsp; 957977 |
| Valvoline, Inc.<sup>(b)(c)</sup> | 15769 | &nbsp;&nbsp; 545450 |
| Visteon Corp.<sup>(b)</sup> | 15179 | &nbsp;&nbsp; 1281487 |
| Wendy's Co. (The) | 48366 | &nbsp;&nbsp; 551372 |
| Whirlpool Corp.<sup>(c)</sup> | 59888 | &nbsp;&nbsp; 4676654 |
| Wingstop, Inc. | 932 | &nbsp;&nbsp; 318464 |
| Wyndham Hotels & Resorts, Inc. | 5029 | &nbsp;&nbsp; 416301 |
| YETI Holdings, Inc.<sup>(b)</sup> | 18101 | &nbsp;&nbsp; 553167 |
|  |  | &nbsp;&nbsp; 163757284 |
| **Consumer Staples-12.67%** | **Consumer Staples-12.67%** | **Consumer Staples-12.67%** |
| Albertson's Cos., Inc., Class A | 1165335 | &nbsp;&nbsp; 25905397 |
| BellRing Brands, Inc.<sup>(b)</sup> | 10109 | &nbsp;&nbsp; 636362 |
| &nbsp;&nbsp;&nbsp; BJ's Wholesale Club Holdings, Inc., <br> Class C<sup>(b)</sup><br>| 62005 | &nbsp;&nbsp; 7019586 |
| Boston Beer Co., Inc. (The), Class A<sup>(b)</sup> | 2831 | &nbsp;&nbsp; 650705 |
| Casey's General Stores, Inc. | 12227 | &nbsp;&nbsp; 5352492 |
| Celsius Holdings, Inc.<sup>(b)(c)</sup> | 16193 | &nbsp;&nbsp; 613391 |
| Coca-Cola Consolidated, Inc. | 16938 | &nbsp;&nbsp; 1941942 |
| Coty, Inc., Class A<sup>(b)(c)</sup> | 362247 | &nbsp;&nbsp; 1785878 |
| Darling Ingredients, Inc.<sup>(b)</sup> | 63634 | &nbsp;&nbsp; 1982835 |
| e.l.f. Beauty, Inc.<sup>(b)(c)</sup> | 6267 | &nbsp;&nbsp; 704975 |
| Flowers Foods, Inc. | 90866 | &nbsp;&nbsp; 1535635 |
| Ingredion, Inc. | 18687 | &nbsp;&nbsp; 2599735 |
| Lancaster Colony Corp. | 3449 | &nbsp;&nbsp; 577363 |
| Maplebear, Inc.<sup>(b)</sup> | 28584 | &nbsp;&nbsp; 1305431 |
| Performance Food Group Co.<sup>(b)</sup> | 254280 | &nbsp;&nbsp; 22773317 |
| Pilgrim's Pride Corp.<sup>(c)</sup> | 114778 | &nbsp;&nbsp; 5642486 |
| Post Holdings, Inc.<sup>(b)(c)</sup> | 23255 | &nbsp;&nbsp; 2571770 |
| Sprouts Farmers Market, Inc.<sup>(b)</sup> | 18445 | &nbsp;&nbsp; 3188403 |
| US Foods Holding Corp.<sup>(b)</sup> | 190673 | &nbsp;&nbsp; 15086048 |
|  |  | &nbsp;&nbsp; 101873751 |
| **Energy-4.93%** | **Energy-4.93%** | **Energy-4.93%** |
| Antero Midstream Corp. | 22652 | &nbsp;&nbsp; 425404 |
| Antero Resources Corp.<sup>(b)</sup> | 39431 | &nbsp;&nbsp; 1476691 |
| ChampionX Corp. | 41673 | &nbsp;&nbsp; 1003069 |
| Chord Energy Corp. | 16265 | &nbsp;&nbsp; 1463850 |
| Civitas Resources, Inc. | 48926 | &nbsp;&nbsp; 1339105 |
| CNX Resources Corp.<sup>(b)(c)</sup> | 16238 | &nbsp;&nbsp; 524163 |
| DT Midstream, Inc. | 3423 | &nbsp;&nbsp; 358525 |
| HF Sinclair Corp.<sup>(c)</sup> | 301963 | &nbsp;&nbsp; 10909923 |
| Matador Resources Co. | 23657 | &nbsp;&nbsp; 1017488 |
| Murphy Oil Corp. | 39436 | &nbsp;&nbsp; 825395 |
| NOV, Inc. | 206423 | &nbsp;&nbsp; 2477076 |
| Ovintiv, Inc. | 74569 | &nbsp;&nbsp; 2671062 |
| PBF Energy, Inc., Class A | 542533 | &nbsp;&nbsp; 10335254 |
| Permian Resources Corp.<sup>(c)</sup> | 123261 | &nbsp;&nbsp; 1554321 |
| Range Resources Corp. | 20608 | &nbsp;&nbsp; 783928 |
| Valaris Ltd.<sup>(b)(c)</sup> | 21009 | &nbsp;&nbsp; 790359 |
| Viper Energy, Inc. | 6557 | &nbsp;&nbsp; 260247 |
| Weatherford International PLC | 33693 | &nbsp;&nbsp; 1469015 |
|  |  | &nbsp;&nbsp; 39684875 |
| **Financials-13.48%** | **Financials-13.48%** | **Financials-13.48%** |
| Affiliated Managers Group, Inc. | 4149 | &nbsp;&nbsp; 730224 |
| Ally Financial, Inc. | 158737 | &nbsp;&nbsp; 5555795 |
| American Financial Group, Inc. | 21938 | &nbsp;&nbsp; 2719873 |
| Annaly Capital Management, Inc. | 98562 | &nbsp;&nbsp; 1867750 |
| Associated Banc-Corp | 32181 | &nbsp;&nbsp; 745634 |
| Bank OZK<sup>(c)</sup> | 20750 | &nbsp;&nbsp; 919847 |

---

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

------

**Invesco S&P MidCap 400 Revenue ETF (RWK)—(continued)**

May 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Financials-(continued)** | **Financials-(continued)** | **Financials-(continued)** |
| Brighthouse Financial, Inc.<sup>(b)</sup> | 28589 | &nbsp;&nbsp; $1709908 |
| Cadence Bank<sup>(c)</sup> | 32926 | &nbsp;&nbsp; 997658 |
| Carlyle Group, Inc. (The) | 41346 | &nbsp;&nbsp; 1868839 |
| CNO Financial Group, Inc. | 37616 | &nbsp;&nbsp; 1427903 |
| Columbia Banking System, Inc. | 40587 | &nbsp;&nbsp; 948924 |
| Comerica, Inc. | 27533 | &nbsp;&nbsp; 1571859 |
| Commerce Bancshares, Inc. | 10389 | &nbsp;&nbsp; 654611 |
| Cullen/Frost Bankers, Inc. | 7569 | &nbsp;&nbsp; 961112 |
| East West Bancorp, Inc. | 17132 | &nbsp;&nbsp; 1562438 |
| Equitable Holdings, Inc. | 91977 | &nbsp;&nbsp; 4862824 |
| Essent Group Ltd. | 7373 | &nbsp;&nbsp; 427634 |
| Euronet Worldwide, Inc.<sup>(b)</sup> | 13178 | &nbsp;&nbsp; 1426914 |
| Evercore, Inc., Class A | 4957 | &nbsp;&nbsp; 1147496 |
| F.N.B. Corp. | 63920 | &nbsp;&nbsp; 886570 |
| Federated Hermes, Inc., Class B | 14260 | &nbsp;&nbsp; 601772 |
| Fidelity National Financial, Inc. | 73006 | &nbsp;&nbsp; 3998539 |
| First American Financial Corp. | 31130 | &nbsp;&nbsp; 1737365 |
| First Financial Bankshares, Inc.<sup>(c)</sup> | 7045 | &nbsp;&nbsp; 248407 |
| First Horizon Corp. | 87644 | &nbsp;&nbsp; 1742363 |
| FirstCash Holdings, Inc. | 9809 | &nbsp;&nbsp; 1254669 |
| Flagstar Financial, Inc. | 180659 | &nbsp;&nbsp; 2081192 |
| Glacier Bancorp, Inc.<sup>(c)</sup> | 9348 | &nbsp;&nbsp; 387662 |
| Hamilton Lane, Inc., Class A<sup>(c)</sup> | 1590 | &nbsp;&nbsp; 236910 |
| Hancock Whitney Corp. | 13401 | &nbsp;&nbsp; 732633 |
| Hanover Insurance Group, Inc. (The) | 12512 | &nbsp;&nbsp; 2201862 |
| Home BancShares, Inc. | 17107 | &nbsp;&nbsp; 483957 |
| Houlihan Lokey, Inc. | 4703 | &nbsp;&nbsp; 821520 |
| Interactive Brokers Group, Inc., Class A | 18015 | &nbsp;&nbsp; 3777385 |
| International Bancshares Corp. | 5529 | &nbsp;&nbsp; 346281 |
| Janus Henderson Group PLC | 22298 | &nbsp;&nbsp; 810086 |
| Jefferies Financial Group, Inc. | 63336 | &nbsp;&nbsp; 3078130 |
| Kemper Corp. | 23314 | &nbsp;&nbsp; 1485801 |
| Kinsale Capital Group, Inc. | 1162 | &nbsp;&nbsp; 548452 |
| MGIC Investment Corp. | 17418 | &nbsp;&nbsp; 460706 |
| Morningstar, Inc. | 2598 | &nbsp;&nbsp; 801275 |
| Old National Bancorp | 47073 | &nbsp;&nbsp; 981943 |
| Old Republic International Corp. | 74054 | &nbsp;&nbsp; 2799241 |
| Pinnacle Financial Partners, Inc. | 9729 | &nbsp;&nbsp; 1033998 |
| Primerica, Inc. | 3751 | &nbsp;&nbsp; 1015021 |
| Prosperity Bancshares, Inc. | 8304 | &nbsp;&nbsp; 578374 |
| Reinsurance Group of America, Inc. | 38729 | &nbsp;&nbsp; 7873218 |
| RenaissanceRe Holdings Ltd. (Bermuda) | 16291 | &nbsp;&nbsp; 4063301 |
| RLI Corp. | 7865 | &nbsp;&nbsp; 604583 |
| Ryan Specialty Holdings, Inc., Class A | 12039 | &nbsp;&nbsp; 861631 |
| SEI Investments Co. | 9463 | &nbsp;&nbsp; 806815 |
| Selective Insurance Group, Inc. | 19018 | &nbsp;&nbsp; 1673964 |
| Shift4 Payments, Inc., Class A<sup>(b)(c)</sup> | 12106 | &nbsp;&nbsp; 1147528 |
| SLM Corp. | 34537 | &nbsp;&nbsp; 1117963 |
| SouthState Corp. | 8874 | &nbsp;&nbsp; 779137 |
| Starwood Property Trust, Inc.<sup>(c)</sup> | 33912 | &nbsp;&nbsp; 669762 |
| Stifel Financial Corp. | 20528 | &nbsp;&nbsp; 1934148 |
| Synovus Financial Corp. | 25146 | &nbsp;&nbsp; 1202733 |
| Texas Capital Bancshares, Inc.<sup>(b)(c)</sup> | 8797 | &nbsp;&nbsp; 630657 |
| UMB Financial Corp. | 9259 | &nbsp;&nbsp; 954788 |
| United Bankshares, Inc. | 15417 | &nbsp;&nbsp; 557170 |
| Unum Group | 54563 | &nbsp;&nbsp; 4458343 |
| Valley National Bancorp | 134814 | &nbsp;&nbsp; 1183667 |
| Voya Financial, Inc. | 39986 | &nbsp;&nbsp; 2659869 |
| Webster Financial Corp. | 27597 | &nbsp;&nbsp; 1420694 |
| Western Alliance Bancorporation | 21755 | &nbsp;&nbsp; 1575280 |
| Western Union Co. (The) | 129704 | &nbsp;&nbsp; 1203653 |
| WEX, Inc.<sup>(b)(c)</sup> | 5739 | &nbsp;&nbsp; 762885 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Financials-(continued)** | **Financials-(continued)** | **Financials-(continued)** |
| Wintrust Financial Corp. | 11866 | &nbsp;&nbsp; $1416919 |
| Zions Bancorporation N.A. | 34203 | &nbsp;&nbsp; 1619854 |
|  |  | &nbsp;&nbsp; 108417919 |
| **Health Care-4.54%** | **Health Care-4.54%** | **Health Care-4.54%** |
| Acadia Healthcare Co., Inc.<sup>(b)(c)</sup> | 35930 | &nbsp;&nbsp; 813455 |
| Amedisys, Inc.<sup>(b)</sup> | 8369 | &nbsp;&nbsp; 787272 |
| Avantor, Inc.<sup>(b)</sup> | 141050 | &nbsp;&nbsp; 1820955 |
| BioMarin Pharmaceutical, Inc.<sup>(b)</sup> | 13215 | &nbsp;&nbsp; 767395 |
| Bio-Rad Laboratories, Inc., Class A<sup>(b)(c)</sup> | 3355 | &nbsp;&nbsp; 761350 |
| Bruker Corp.<sup>(c)</sup> | 24583 | &nbsp;&nbsp; 902196 |
| Chemed Corp. | 1355 | &nbsp;&nbsp; 778908 |
| Cytokinetics, Inc.<sup>(b)(c)</sup> | 141 | &nbsp;&nbsp; 4374 |
| DENTSPLY SIRONA, Inc.<sup>(c)</sup> | 81232 | &nbsp;&nbsp; 1298087 |
| Doximity, Inc., Class A<sup>(b)</sup> | 2769 | &nbsp;&nbsp; 144237 |
| Encompass Health Corp. | 18711 | &nbsp;&nbsp; 2262160 |
| Ensign Group, Inc. (The) | 11060 | &nbsp;&nbsp; 1628696 |
| Envista Holdings Corp.<sup>(b)(c)</sup> | 49242 | &nbsp;&nbsp; 899651 |
| Exelixis, Inc.<sup>(b)</sup> | 19141 | &nbsp;&nbsp; 823829 |
| Globus Medical, Inc., Class A<sup>(b)</sup> | 11601 | &nbsp;&nbsp; 686547 |
| Haemonetics Corp.<sup>(b)(c)</sup> | 6818 | &nbsp;&nbsp; 461647 |
| Halozyme Therapeutics, Inc.<sup>(b)</sup> | 5435 | &nbsp;&nbsp; 304740 |
| HealthEquity, Inc.<sup>(b)(c)</sup> | 3945 | &nbsp;&nbsp; 396906 |
| Hims & Hers Health, Inc.<sup>(b)(c)</sup> | 14287 | &nbsp;&nbsp; 808073 |
| Illumina, Inc.<sup>(b)</sup> | 17047 | &nbsp;&nbsp; 1401945 |
| Jazz Pharmaceuticals PLC<sup>(b)</sup> | 9957 | &nbsp;&nbsp; 1076053 |
| Lantheus Holdings, Inc.<sup>(b)(c)</sup> | 4960 | &nbsp;&nbsp; 374778 |
| LivaNova PLC<sup>(b)(c)</sup> | 10428 | &nbsp;&nbsp; 451011 |
| Masimo Corp.<sup>(b)(c)</sup> | 4101 | &nbsp;&nbsp; 666412 |
| Medpace Holdings, Inc.<sup>(b)(c)</sup> | 2132 | &nbsp;&nbsp; 628727 |
| Neurocrine Biosciences, Inc.<sup>(b)</sup> | 7090 | &nbsp;&nbsp; 872212 |
| Option Care Health, Inc.<sup>(b)</sup> | 49895 | &nbsp;&nbsp; 1630569 |
| Penumbra, Inc.<sup>(b)(c)</sup> | 1458 | &nbsp;&nbsp; 389242 |
| Perrigo Co. PLC | 52253 | &nbsp;&nbsp; 1398813 |
| Repligen Corp.<sup>(b)</sup> | 1413 | &nbsp;&nbsp; 166833 |
| Roivant Sciences Ltd.<sup>(b)(c)</sup> | 2986 | &nbsp;&nbsp; 32816 |
| Sarepta Therapeutics, Inc.<sup>(b)(c)</sup> | 6215 | &nbsp;&nbsp; 233684 |
| Sotera Health Co.<sup>(b)(c)</sup> | 31812 | &nbsp;&nbsp; 389379 |
| Tenet Healthcare Corp.<sup>(b)</sup> | 55979 | &nbsp;&nbsp; 9447576 |
| United Therapeutics Corp.<sup>(b)</sup> | 3076 | &nbsp;&nbsp; 980783 |
|  |  | &nbsp;&nbsp; 36491311 |
| **Industrials-22.51%** | **Industrials-22.51%** | **Industrials-22.51%** |
| AAON, Inc.<sup>(c)</sup> | 4800 | &nbsp;&nbsp; 462192 |
| Acuity, Inc. | 4799 | &nbsp;&nbsp; 1247212 |
| Advanced Drainage Systems, Inc. | 8807 | &nbsp;&nbsp; 968418 |
| AECOM | 56288 | &nbsp;&nbsp; 6183237 |
| AGCO Corp. | 40570 | &nbsp;&nbsp; 3975049 |
| Alaska Air Group, Inc.<sup>(b)(c)</sup> | 72232 | &nbsp;&nbsp; 3678776 |
| American Airlines Group, Inc.<sup>(b)(c)</sup> | 1628407 | &nbsp;&nbsp; 18580124 |
| Applied Industrial Technologies, Inc. | 6518 | &nbsp;&nbsp; 1476457 |
| Avis Budget Group, Inc.<sup>(b)(c)</sup> | 61790 | &nbsp;&nbsp; 7525404 |
| Brink's Co. (The) | 19406 | &nbsp;&nbsp; 1592456 |
| BWX Technologies, Inc. | 9052 | &nbsp;&nbsp; 1136931 |
| CACI International, Inc., Class A<sup>(b)</sup> | 7216 | &nbsp;&nbsp; 3088448 |
| Carlisle Cos., Inc. | 4985 | &nbsp;&nbsp; 1895197 |
| Chart Industries, Inc.<sup>(b)(c)</sup> | 9350 | &nbsp;&nbsp; 1466641 |
| Clean Harbors, Inc.<sup>(b)</sup> | 9909 | &nbsp;&nbsp; 2247262 |
| CNH Industrial N.V.<sup>(c)</sup> | 510218 | &nbsp;&nbsp; 6382827 |
| Comfort Systems USA, Inc. | 6868 | &nbsp;&nbsp; 3284484 |
| Concentrix Corp.<sup>(c)</sup> | 71321 | &nbsp;&nbsp; 3991480 |
| Core & Main, Inc., Class A<sup>(b)</sup> | 49616 | &nbsp;&nbsp; 2719453 |
| Crane Co. | 4868 | &nbsp;&nbsp; 834375 |

---

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

------

**Invesco S&P MidCap 400 Revenue ETF (RWK)—(continued)**

May 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Industrials-(continued)** | **Industrials-(continued)** | **Industrials-(continued)** |
| Curtiss-Wright Corp. | 3262 | &nbsp;&nbsp; $1435639 |
| Donaldson Co., Inc. | 17543 | &nbsp;&nbsp; 1220116 |
| EMCOR Group, Inc. | 12506 | &nbsp;&nbsp; 5901081 |
| EnerSys | 12158 | &nbsp;&nbsp; 1016774 |
| ESAB Corp. | 7523 | &nbsp;&nbsp; 925254 |
| ExlService Holdings, Inc.<sup>(b)</sup> | 13087 | &nbsp;&nbsp; 601871 |
| Exponent, Inc. | 2229 | &nbsp;&nbsp; 170162 |
| Flowserve Corp. | 30802 | &nbsp;&nbsp; 1537328 |
| Fluor Corp.<sup>(b)</sup> | 150591 | &nbsp;&nbsp; 6261574 |
| Fortune Brands Innovations, Inc.<sup>(c)</sup> | 24809 | &nbsp;&nbsp; 1250374 |
| FTI Consulting, Inc.<sup>(b)</sup> | 7562 | &nbsp;&nbsp; 1241378 |
| GATX Corp. | 3430 | &nbsp;&nbsp; 546193 |
| Genpact Ltd.<sup>(c)</sup> | 31862 | &nbsp;&nbsp; 1371659 |
| Graco, Inc. | 8286 | &nbsp;&nbsp; 701493 |
| GXO Logistics, Inc.<sup>(b)(c)</sup> | 100164 | &nbsp;&nbsp; 4120747 |
| Hexcel Corp. | 11054 | &nbsp;&nbsp; 584646 |
| Insperity, Inc. | 24642 | &nbsp;&nbsp; 1594830 |
| ITT, Inc. | 9006 | &nbsp;&nbsp; 1355763 |
| KBR, Inc. | 50184 | &nbsp;&nbsp; 2619103 |
| Kirby Corp.<sup>(b)(c)</sup> | 11095 | &nbsp;&nbsp; 1227551 |
| Knight-Swift Transportation Holdings, Inc. | 52086 | &nbsp;&nbsp; 2308451 |
| Landstar System, Inc. | 10496 | &nbsp;&nbsp; 1440261 |
| Lincoln Electric Holdings, Inc. | 6911 | &nbsp;&nbsp; 1337900 |
| ManpowerGroup, Inc. | 99997 | &nbsp;&nbsp; 4194874 |
| MasTec, Inc.<sup>(b)</sup> | 34261 | &nbsp;&nbsp; 5342318 |
| Maximus, Inc. | 26558 | &nbsp;&nbsp; 1925721 |
| Middleby Corp. (The)<sup>(b)(c)</sup> | 8363 | &nbsp;&nbsp; 1222085 |
| MSA Safety, Inc. | 3937 | &nbsp;&nbsp; 641613 |
| MSC Industrial Direct Co., Inc., Class A | 16360 | &nbsp;&nbsp; 1328432 |
| Mueller Industries, Inc. | 15696 | &nbsp;&nbsp; 1222248 |
| Nextracker, Inc., Class A<sup>(b)</sup> | 20532 | &nbsp;&nbsp; 1163959 |
| nVent Electric PLC<sup>(c)</sup> | 19421 | &nbsp;&nbsp; 1277902 |
| Oshkosh Corp. | 36947 | &nbsp;&nbsp; 3664773 |
| Owens Corning | 25264 | &nbsp;&nbsp; 3384113 |
| Parsons Corp.<sup>(b)(c)</sup> | 38605 | &nbsp;&nbsp; 2503148 |
| Paylocity Holding Corp.<sup>(b)</sup> | 2637 | &nbsp;&nbsp; 503403 |
| RB Global, Inc. (Canada)<sup>(c)</sup> | 14412 | &nbsp;&nbsp; 1517584 |
| RBC Bearings, Inc.<sup>(b)</sup> | 1571 | &nbsp;&nbsp; 574782 |
| Regal Rexnord Corp. | 16687 | &nbsp;&nbsp; 2226713 |
| Ryder System, Inc. | 28684 | &nbsp;&nbsp; 4220277 |
| Saia, Inc.<sup>(b)</sup> | 2846 | &nbsp;&nbsp; 752511 |
| Science Applications International Corp. | 23147 | &nbsp;&nbsp; 2674404 |
| Sensata Technologies Holding PLC<sup>(c)</sup> | 48242 | &nbsp;&nbsp; 1257187 |
| Simpson Manufacturing Co., Inc. | 4665 | &nbsp;&nbsp; 726340 |
| Terex Corp. | 42540 | &nbsp;&nbsp; 1914725 |
| Tetra Tech, Inc. | 61692 | &nbsp;&nbsp; 2155518 |
| Timken Co. (The)<sup>(c)</sup> | 20440 | &nbsp;&nbsp; 1399936 |
| Toro Co. (The) | 20501 | &nbsp;&nbsp; 1553566 |
| Trex Co., Inc.<sup>(b)(c)</sup> | 6873 | &nbsp;&nbsp; 383994 |
| UFP Industries, Inc. | 20725 | &nbsp;&nbsp; 2021931 |
| Valmont Industries, Inc. | 4095 | &nbsp;&nbsp; 1302374 |
| Watsco, Inc.<sup>(c)</sup> | 4962 | &nbsp;&nbsp; 2200994 |
| Watts Water Technologies, Inc., Class A | 3537 | &nbsp;&nbsp; 856378 |
| WESCO International, Inc. | 43743 | &nbsp;&nbsp; 7344012 |
| Woodward, Inc. | 6078 | &nbsp;&nbsp; 1314854 |
| XPO, Inc.<sup>(b)(c)</sup> | 24301 | &nbsp;&nbsp; 2766183 |
|  |  | &nbsp;&nbsp; 181045423 |
| **Information Technology-9.46%** | **Information Technology-9.46%** | **Information Technology-9.46%** |
| Allegro MicroSystems, Inc. (Japan)<sup>(b)(c)</sup> | 10173 | &nbsp;&nbsp; 257886 |
| Amkor Technology, Inc. | 106808 | &nbsp;&nbsp; 1924680 |
| AppFolio, Inc., Class A<sup>(b)(c)</sup> | 1224 | &nbsp;&nbsp; 258472 |
| Arrow Electronics, Inc.<sup>(b)</sup> | 89363 | &nbsp;&nbsp; 10578792 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Information Technology-(continued)** | **Information Technology-(continued)** | **Information Technology-(continued)** |
| ASGN, Inc.<sup>(b)(c)</sup> | 19849 | &nbsp;&nbsp; $1048226 |
| Avnet, Inc. | 157397 | &nbsp;&nbsp; 7871424 |
| Belden, Inc. | 7943 | &nbsp;&nbsp; 843547 |
| BILL Holdings, Inc.<sup>(b)(c)</sup> | 9864 | &nbsp;&nbsp; 430860 |
| Blackbaud, Inc.<sup>(b)</sup> | 5821 | &nbsp;&nbsp; 362241 |
| Ciena Corp.<sup>(b)</sup> | 20023 | &nbsp;&nbsp; 1603041 |
| Cirrus Logic, Inc.<sup>(b)</sup> | 6183 | &nbsp;&nbsp; 608160 |
| Cognex Corp. | 9684 | &nbsp;&nbsp; 290230 |
| Coherent Corp.<sup>(b)</sup> | 25877 | &nbsp;&nbsp; 1957078 |
| Commvault Systems, Inc.<sup>(b)</sup> | 2013 | &nbsp;&nbsp; 368681 |
| Crane NXT Co. | 9175 | &nbsp;&nbsp; 491872 |
| DocuSign, Inc.<sup>(b)</sup> | 11935 | &nbsp;&nbsp; 1057560 |
| Dolby Laboratories, Inc., Class A | 5316 | &nbsp;&nbsp; 394766 |
| Dropbox, Inc., Class A<sup>(b)</sup> | 33133 | &nbsp;&nbsp; 956218 |
| Dynatrace, Inc.<sup>(b)</sup> | 10901 | &nbsp;&nbsp; 588763 |
| Entegris, Inc. | 11167 | &nbsp;&nbsp; 767620 |
| Fabrinet (Thailand)<sup>(b)</sup> | 5078 | &nbsp;&nbsp; 1182514 |
| Flex Ltd.<sup>(b)</sup> | 244890 | &nbsp;&nbsp; 10358847 |
| Guidewire Software, Inc.<sup>(b)</sup> | 2004 | &nbsp;&nbsp; 430900 |
| IPG Photonics Corp.<sup>(b)(c)</sup> | 5373 | &nbsp;&nbsp; 356015 |
| Kyndryl Holdings, Inc.<sup>(b)</sup> | 145882 | &nbsp;&nbsp; 5695233 |
| Lattice Semiconductor Corp.<sup>(b)(c)</sup> | 2814 | &nbsp;&nbsp; 126461 |
| Littelfuse, Inc. | 3512 | &nbsp;&nbsp; 720171 |
| Lumentum Holdings, Inc.<sup>(b)(c)</sup> | 7251 | &nbsp;&nbsp; 524102 |
| &nbsp;&nbsp;&nbsp; MACOM Technology Solutions Holdings, <br> Inc.<sup>(b)</sup><br>| 2404 | &nbsp;&nbsp; 292350 |
| Manhattan Associates, Inc.<sup>(b)</sup> | 2039 | &nbsp;&nbsp; 384922 |
| MKS Instruments, Inc. | 14532 | &nbsp;&nbsp; 1194385 |
| Novanta, Inc.<sup>(b)</sup> | 2284 | &nbsp;&nbsp; 282805 |
| Onto Innovation, Inc.<sup>(b)</sup> | 2396 | &nbsp;&nbsp; 220288 |
| Power Integrations, Inc. | 2418 | &nbsp;&nbsp; 120247 |
| Pure Storage, Inc., Class A<sup>(b)(c)</sup> | 21571 | &nbsp;&nbsp; 1155990 |
| Qualys, Inc.<sup>(b)</sup> | 1609 | &nbsp;&nbsp; 222927 |
| Rambus, Inc.<sup>(b)</sup> | 3435 | &nbsp;&nbsp; 183669 |
| Silicon Laboratories, Inc.<sup>(b)(c)</sup> | 1561 | &nbsp;&nbsp; 188147 |
| Synaptics, Inc.<sup>(b)</sup> | 5305 | &nbsp;&nbsp; 311722 |
| TD SYNNEX Corp.<sup>(c)</sup> | 150200 | &nbsp;&nbsp; 18225268 |
| Universal Display Corp. | 1409 | &nbsp;&nbsp; 201980 |
| Vontier Corp. | 29820 | &nbsp;&nbsp; 1066065 |
|  |  | &nbsp;&nbsp; 76105125 |
| **Materials-6.92%** | **Materials-6.92%** | **Materials-6.92%** |
| Alcoa Corp. | 121355 | &nbsp;&nbsp; 3248673 |
| AptarGroup, Inc. | 8055 | &nbsp;&nbsp; 1275912 |
| Ashland, Inc. | 11841 | &nbsp;&nbsp; 586248 |
| ATI, Inc.<sup>(b)</sup> | 28103 | &nbsp;&nbsp; 2238123 |
| Avient Corp. | 26510 | &nbsp;&nbsp; 957806 |
| Axalta Coating Systems Ltd.<sup>(b)(c)</sup> | 51127 | &nbsp;&nbsp; 1574712 |
| Cabot Corp. | 16155 | &nbsp;&nbsp; 1206617 |
| Carpenter Technology Corp.<sup>(c)</sup> | 5203 | &nbsp;&nbsp; 1222705 |
| Cleveland-Cliffs, Inc.<sup>(b)(c)</sup> | 643393 | &nbsp;&nbsp; 3750981 |
| Commercial Metals Co. | 57932 | &nbsp;&nbsp; 2699052 |
| Crown Holdings, Inc. | 43704 | &nbsp;&nbsp; 4304844 |
| Eagle Materials, Inc. | 3552 | &nbsp;&nbsp; 718250 |
| Graphic Packaging Holding Co. | 110195 | &nbsp;&nbsp; 2448533 |
| Greif, Inc., Class A | 33139 | &nbsp;&nbsp; 1842528 |
| Knife River Corp.<sup>(b)</sup> | 10667 | &nbsp;&nbsp; 1003765 |
| Louisiana-Pacific Corp. | 10521 | &nbsp;&nbsp; 947626 |
| NewMarket Corp. | 1749 | &nbsp;&nbsp; 1126461 |
| Olin Corp. | 91920 | &nbsp;&nbsp; 1784167 |
| Reliance, Inc. | 16362 | &nbsp;&nbsp; 4791121 |
| Royal Gold, Inc. | 1523 | &nbsp;&nbsp; 271277 |
| RPM International, Inc. | 20677 | &nbsp;&nbsp; 2353870 |

---

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

------

**Invesco S&P MidCap 400 Revenue ETF (RWK)—(continued)**

May 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Materials-(continued)** | **Materials-(continued)** | **Materials-(continued)** |
| Scotts Miracle-Gro Co. (The) | 18841 | &nbsp;&nbsp; $1122170 |
| Silgan Holdings, Inc. | 38966 | &nbsp;&nbsp; 2145858 |
| Sonoco Products Co. | 45762 | &nbsp;&nbsp; 2084001 |
| United States Steel Corp.<sup>(c)</sup> | 134883 | &nbsp;&nbsp; 7259403 |
| Westlake Corp.<sup>(c)</sup> | 37270 | &nbsp;&nbsp; 2647288 |
|  |  | &nbsp;&nbsp; 55611991 |
| **Real Estate-2.06%** | **Real Estate-2.06%** | **Real Estate-2.06%** |
| Agree Realty Corp. | 2651 | &nbsp;&nbsp; 199620 |
| American Homes 4 Rent, Class A | 16387 | &nbsp;&nbsp; 620248 |
| Brixmor Property Group, Inc. | 16157 | &nbsp;&nbsp; 410549 |
| COPT Defense Properties | 9187 | &nbsp;&nbsp; 252183 |
| Cousins Properties, Inc. | 9613 | &nbsp;&nbsp; 269837 |
| CubeSmart | 8360 | &nbsp;&nbsp; 357474 |
| EastGroup Properties, Inc. | 1149 | &nbsp;&nbsp; 194813 |
| EPR Properties | 4394 | &nbsp;&nbsp; 244702 |
| Equity LifeStyle Properties, Inc. | 7518 | &nbsp;&nbsp; 477919 |
| First Industrial Realty Trust, Inc. | 3879 | &nbsp;&nbsp; 191739 |
| Gaming and Leisure Properties, Inc. | 10038 | &nbsp;&nbsp; 468774 |
| Healthcare Realty Trust, Inc.<sup>(c)</sup> | 25342 | &nbsp;&nbsp; 367459 |
| Independence Realty Trust, Inc.<sup>(c)</sup> | 10078 | &nbsp;&nbsp; 187350 |
| Jones Lang LaSalle, Inc.<sup>(b)</sup> | 30411 | &nbsp;&nbsp; 6772530 |
| Kilroy Realty Corp.<sup>(c)</sup> | 11243 | &nbsp;&nbsp; 362025 |
| Kite Realty Group Trust | 12712 | &nbsp;&nbsp; 281189 |
| Lamar Advertising Co., Class A | 6342 | &nbsp;&nbsp; 764465 |
| National Storage Affiliates Trust | 6727 | &nbsp;&nbsp; 231409 |
| NNN REIT, Inc. | 6702 | &nbsp;&nbsp; 279875 |
| Omega Healthcare Investors, Inc. | 9451 | &nbsp;&nbsp; 349687 |
| Park Hotels & Resorts, Inc.<sup>(c)</sup> | 74006 | &nbsp;&nbsp; 766702 |
| PotlatchDeltic Corp. | 7849 | &nbsp;&nbsp; 308780 |
| Rayonier, Inc. | 15130 | &nbsp;&nbsp; 358581 |
| Rexford Industrial Realty, Inc. | 7822 | &nbsp;&nbsp; 275647 |
| Sabra Health Care REIT, Inc. | 13695 | &nbsp;&nbsp; 239389 |
| STAG Industrial, Inc. | 6967 | &nbsp;&nbsp; 247886 |
| Vornado Realty Trust | 15706 | &nbsp;&nbsp; 591645 |
| W.P. Carey, Inc.<sup>(c)</sup> | 8393 | &nbsp;&nbsp; 526745 |
|  |  | &nbsp;&nbsp; 16599222 |
| **Utilities-1.62%** | **Utilities-1.62%** | **Utilities-1.62%** |
| ALLETE, Inc. | 7690 | &nbsp;&nbsp; 500158 |
| Black Hills Corp. | 11830 | &nbsp;&nbsp; 691700 |
| Essential Utilities, Inc. | 17767 | &nbsp;&nbsp; 684562 |
| IDACORP, Inc.<sup>(c)</sup> | 5249 | &nbsp;&nbsp; 624369 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Utilities-(continued)** | **Utilities-(continued)** | **Utilities-(continued)** |
| National Fuel Gas Co. | 7767 | &nbsp;&nbsp; $641088 |
| New Jersey Resources Corp. | 12469 | &nbsp;&nbsp; 572202 |
| NorthWestern Energy Group, Inc. | 9052 | &nbsp;&nbsp; 500847 |
| OGE Energy Corp. | 22100 | &nbsp;&nbsp; 982787 |
| ONE Gas, Inc. | 9422 | &nbsp;&nbsp; 704389 |
| Ormat Technologies, Inc. | 4033 | &nbsp;&nbsp; 299773 |
| Portland General Electric Co. | 23864 | &nbsp;&nbsp; 1011834 |
| Southwest Gas Holdings, Inc. | 22971 | &nbsp;&nbsp; 1650007 |
| Spire, Inc. | 10966 | &nbsp;&nbsp; 825520 |
| TXNM Energy, Inc. | 12642 | &nbsp;&nbsp; 716675 |
| UGI Corp.<sup>(c)</sup> | 72493 | &nbsp;&nbsp; 2614098 |
|  |  | &nbsp;&nbsp; 13020009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $744,444,208) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $744,444,208) | &nbsp;&nbsp; 803112775 |
| **Money Market Funds-0.07%** | **Money Market Funds-0.07%** | **Money Market Funds-0.07%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 4.24%<sup>(d)(e)</sup> <br>(Cost $558,472)<br>| 558472 | &nbsp;&nbsp; 558472 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.93% <br>(Cost $745,002,680) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.93% <br>(Cost $745,002,680) | &nbsp;&nbsp; 803671247 |
| **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-15.87%** | **Money Market Funds-15.87%** | **Money Market Funds-15.87%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 4.29%<sup>(d)(e)(f)</sup><br>| 35364097 | &nbsp;&nbsp; 35364097 |
| Invesco Private Prime Fund, 4.45%<sup>(d)(e)(f)</sup> | 92249698 | &nbsp;&nbsp; 92268148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $127,634,762) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $127,634,762) | &nbsp;&nbsp; 127632245 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-115.80% <br>(Cost $872,637,442) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-115.80% <br>(Cost $872,637,442) | &nbsp;&nbsp; 931303492 |
| OTHER ASSETS LESS LIABILITIES-(15.80)% | OTHER ASSETS LESS LIABILITIES-(15.80)% | &nbsp;&nbsp; (127045519)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $804257973 |

---

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

------

**Invesco S&P MidCap 400 Revenue ETF (RWK)—(continued)**

May 31, 2025

*(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> | Non-income producing security. |
| <sup>(c)</sup> | All or a portion of this security was out on loan at May 31, 2025. |
| <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 May 31, 2025.<br>|

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**August 31, 2024**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Value** <br>**May 31, 2025**<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; $128678 | &nbsp;&nbsp;&nbsp; $10613162 | &nbsp;&nbsp;&nbsp; $(10183368)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $558472 | &nbsp;&nbsp;&nbsp; $12364 |
| **Investments Purchased** <br> **with Cash Collateral** <br> **from Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; 28740449 | &nbsp;&nbsp;&nbsp; 255390417 | &nbsp;&nbsp;&nbsp; (248766769)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 35364097 | &nbsp;&nbsp;&nbsp; 1,330,360<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime <br> Fund<br>| &nbsp;&nbsp;&nbsp; 73657884 | &nbsp;&nbsp;&nbsp; 511011552 | &nbsp;&nbsp;&nbsp; (492380133)<br>| &nbsp;&nbsp;&nbsp; (8710)<br>| &nbsp;&nbsp;&nbsp; (12445)<br>| &nbsp;&nbsp;&nbsp; 92268148 | &nbsp;&nbsp;&nbsp; 3,558,818<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $102527011 | &nbsp;&nbsp;&nbsp; $777015131 | &nbsp;&nbsp;&nbsp; $(751330270)<br>| &nbsp;&nbsp;&nbsp; $(8710)<br>| &nbsp;&nbsp;&nbsp; $(12445)<br>| &nbsp;&nbsp;&nbsp; $128190717 | &nbsp;&nbsp;&nbsp; $4901542 |

---

&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 May 31, 2025. <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 S&P SmallCap 600 Revenue ETF (RWJ)**

May 31, 2025

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-99.90%** | **Common Stocks & Other Equity Interests-99.90%** | **Common Stocks & Other Equity Interests-99.90%** |
| **Communication Services-3.00%** | **Communication Services-3.00%** | **Communication Services-3.00%** |
| Cable One, Inc.<sup>(b)</sup> | 6431 | &nbsp;&nbsp; $941048 |
| CarGurus, Inc.<sup>(b)(c)</sup> | 30754 | &nbsp;&nbsp; 963830 |
| Cars.com, Inc.<sup>(c)</sup> | 66559 | &nbsp;&nbsp; 682230 |
| Cinemark Holdings, Inc.<sup>(b)</sup> | 140841 | &nbsp;&nbsp; 4756201 |
| Cogent Communications Holdings, Inc. | 16000 | &nbsp;&nbsp; 731360 |
| Gogo, Inc.<sup>(b)(c)</sup> | 62526 | &nbsp;&nbsp; 663401 |
| IAC, Inc.<sup>(b)(c)</sup> | 93301 | &nbsp;&nbsp; 3355104 |
| John Wiley & Sons, Inc., Class A<sup>(b)</sup> | 41465 | &nbsp;&nbsp; 1622111 |
| Lumen Technologies, Inc.<sup>(c)</sup> | 2846773 | &nbsp;&nbsp; 11159350 |
| &nbsp;&nbsp;&nbsp; Madison Square Garden Sports Corp., <br> Class A<sup>(c)</sup><br>| 6002 | &nbsp;&nbsp; 1139720 |
| QuinStreet, Inc.<sup>(c)</sup> | 57662 | &nbsp;&nbsp; 880499 |
| Scholastic Corp.<sup>(b)</sup> | 89331 | &nbsp;&nbsp; 1542746 |
| Shenandoah Telecommunications Co.<sup>(b)</sup> | 29151 | &nbsp;&nbsp; 366720 |
| Shutterstock, Inc. | 50979 | &nbsp;&nbsp; 940562 |
| TechTarget, Inc.<sup>(b)(c)</sup> | 18016 | &nbsp;&nbsp; 145749 |
| TEGNA, Inc. | 188573 | &nbsp;&nbsp; 3152940 |
| Telephone and Data Systems, Inc.<sup>(b)</sup> | 156379 | &nbsp;&nbsp; 5373182 |
| Thryv Holdings, Inc.<sup>(b)(c)</sup> | 56010 | &nbsp;&nbsp; 744933 |
| TripAdvisor, Inc.<sup>(c)</sup> | 143611 | &nbsp;&nbsp; 2045021 |
| Yelp, Inc.<sup>(c)</sup> | 43610 | &nbsp;&nbsp; 1664594 |
| Ziff Davis, Inc.<sup>(c)</sup> | 37488 | &nbsp;&nbsp; 1216111 |
|  |  | &nbsp;&nbsp; 44087412 |
| **Consumer Discretionary-25.81%** | **Consumer Discretionary-25.81%** | **Consumer Discretionary-25.81%** |
| Academy Sports & Outdoors, Inc.<sup>(b)</sup> | 147680 | &nbsp;&nbsp; 6041589 |
| Acushnet Holdings Corp.<sup>(b)</sup> | 39839 | &nbsp;&nbsp; 2718613 |
| Adient PLC<sup>(b)(c)</sup> | 1130780 | &nbsp;&nbsp; 17628860 |
| Adtalem Global Education, Inc.<sup>(c)</sup> | 19169 | &nbsp;&nbsp; 2530883 |
| Advance Auto Parts, Inc.<sup>(b)</sup> | 294361 | &nbsp;&nbsp; 14108723 |
| &nbsp;&nbsp;&nbsp; American Axle & Manufacturing Holdings, <br> Inc.<sup>(b)(c)</sup><br>| 1494473 | &nbsp;&nbsp; 6560736 |
| American Eagle Outfitters, Inc.<sup>(b)</sup> | 510096 | &nbsp;&nbsp; 5590652 |
| Asbury Automotive Group, Inc.<sup>(c)</sup> | 76870 | &nbsp;&nbsp; 17519442 |
| BJ's Restaurants, Inc.<sup>(c)</sup> | 43155 | &nbsp;&nbsp; 1925145 |
| Bloomin' Brands, Inc.<sup>(b)</sup> | 516905 | &nbsp;&nbsp; 3943985 |
| Boot Barn Holdings, Inc.<sup>(c)</sup> | 19535 | &nbsp;&nbsp; 3131656 |
| BorgWarner, Inc. | 536448 | &nbsp;&nbsp; 17751064 |
| Brinker International, Inc.<sup>(c)</sup> | 36326 | &nbsp;&nbsp; 6270957 |
| Buckle, Inc. (The) | 36434 | &nbsp;&nbsp; 1552453 |
| Caleres, Inc. | 193593 | &nbsp;&nbsp; 2603826 |
| Carter's, Inc. | 73550 | &nbsp;&nbsp; 2307264 |
| Cavco Industries, Inc.<sup>(c)</sup> | 4140 | &nbsp;&nbsp; 1795083 |
| Century Communities, Inc. | 68390 | &nbsp;&nbsp; 3547389 |
| Champion Homes, Inc.<sup>(c)</sup> | 27662 | &nbsp;&nbsp; 1809095 |
| Cheesecake Factory, Inc. (The)<sup>(b)</sup> | 82846 | &nbsp;&nbsp; 4570614 |
| Cracker Barrel Old Country Store, Inc.<sup>(b)</sup> | 86223 | &nbsp;&nbsp; 4952649 |
| Dana, Inc. | 789555 | &nbsp;&nbsp; 13130300 |
| Dave & Buster's Entertainment, Inc.<sup>(b)(c)</sup> | 122522 | &nbsp;&nbsp; 2690583 |
| Dorman Products, Inc.<sup>(c)</sup> | 16963 | &nbsp;&nbsp; 2193486 |
| Dream Finders Homes, Inc., Class A<sup>(b)(c)</sup> | 200904 | &nbsp;&nbsp; 4190857 |
| Ethan Allen Interiors, Inc.<sup>(b)</sup> | 24829 | &nbsp;&nbsp; 648782 |
| Etsy, Inc.<sup>(c)</sup> | 67222 | &nbsp;&nbsp; 3720738 |
| Foot Locker, Inc.<sup>(b)(c)</sup> | 559017 | &nbsp;&nbsp; 13282244 |
| Fox Factory Holding Corp.<sup>(c)</sup> | 59451 | &nbsp;&nbsp; 1524918 |
| Frontdoor, Inc.<sup>(c)</sup> | 51151 | &nbsp;&nbsp; 2813817 |
| Gentherm, Inc.<sup>(c)</sup> | 50612 | &nbsp;&nbsp; 1384997 |
| G-III Apparel Group Ltd.<sup>(c)</sup> | 131915 | &nbsp;&nbsp; 3832131 |
| Golden Entertainment, Inc. | 27032 | &nbsp;&nbsp; 771223 |
| Green Brick Partners, Inc.<sup>(c)</sup> | 37878 | &nbsp;&nbsp; 2213969 |
| Group 1 Automotive, Inc.<sup>(b)</sup> | 50428 | &nbsp;&nbsp; 21377438 |
| Guess?, Inc.<sup>(b)</sup> | 316242 | &nbsp;&nbsp; 3314216 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Consumer Discretionary-(continued)** | **Consumer Discretionary-(continued)** | **Consumer Discretionary-(continued)** |
| Hanesbrands, Inc.<sup>(b)(c)</sup> | 739020 | &nbsp;&nbsp; $3658149 |
| Helen of Troy Ltd.<sup>(b)(c)</sup> | 40190 | &nbsp;&nbsp; 1080709 |
| Installed Building Products, Inc.<sup>(b)</sup> | 18537 | &nbsp;&nbsp; 2956281 |
| Jack in the Box, Inc.<sup>(b)</sup> | 49995 | &nbsp;&nbsp; 948155 |
| Kohl's Corp.<sup>(b)</sup> | 2050935 | &nbsp;&nbsp; 16674102 |
| Kontoor Brands, Inc. | 45944 | &nbsp;&nbsp; 3151758 |
| La-Z-Boy, Inc.<sup>(b)</sup> | 56538 | &nbsp;&nbsp; 2368377 |
| LCI Industries | 44289 | &nbsp;&nbsp; 3859343 |
| Leggett & Platt, Inc.<sup>(b)</sup> | 590334 | &nbsp;&nbsp; 5348426 |
| LGI Homes, Inc.<sup>(b)(c)</sup> | 33023 | &nbsp;&nbsp; 1654452 |
| M/I Homes, Inc.<sup>(c)</sup> | 42312 | &nbsp;&nbsp; 4510882 |
| MarineMax, Inc.<sup>(b)(c)</sup> | 108322 | &nbsp;&nbsp; 2296426 |
| Meritage Homes Corp. | 97103 | &nbsp;&nbsp; 6176722 |
| Mister Car Wash, Inc.<sup>(b)(c)</sup> | 137461 | &nbsp;&nbsp; 973224 |
| Monarch Casino & Resort, Inc. | 6592 | &nbsp;&nbsp; 552014 |
| Monro, Inc. | 80258 | &nbsp;&nbsp; 1230355 |
| National Vision Holdings, Inc.<sup>(b)(c)</sup> | 169930 | &nbsp;&nbsp; 3366313 |
| Newell Brands, Inc. | 1263379 | &nbsp;&nbsp; 6695909 |
| Oxford Industries, Inc.<sup>(b)</sup> | 28867 | &nbsp;&nbsp; 1549581 |
| Papa John's International, Inc. | 50414 | &nbsp;&nbsp; 2281234 |
| Patrick Industries, Inc.<sup>(b)</sup> | 46906 | &nbsp;&nbsp; 4027349 |
| PENN Entertainment, Inc.<sup>(b)(c)</sup> | 437599 | &nbsp;&nbsp; 6489593 |
| Perdoceo Education Corp. | 30190 | &nbsp;&nbsp; 1027668 |
| PHINIA, Inc. | 86992 | &nbsp;&nbsp; 3775453 |
| Sabre Corp.<sup>(b)(c)</sup> | 1021028 | &nbsp;&nbsp; 2572991 |
| Sally Beauty Holdings, Inc.<sup>(b)(c)</sup> | 441267 | &nbsp;&nbsp; 3843436 |
| Shake Shack, Inc., Class A<sup>(c)</sup> | 15578 | &nbsp;&nbsp; 2021869 |
| Shoe Carnival, Inc.<sup>(b)</sup> | 61056 | &nbsp;&nbsp; 1173496 |
| Signet Jewelers Ltd.<sup>(b)</sup> | 153658 | &nbsp;&nbsp; 10229013 |
| Six Flags Entertainment Corp.<sup>(b)</sup> | 82363 | &nbsp;&nbsp; 2764102 |
| Sonic Automotive, Inc., Class A | 240858 | &nbsp;&nbsp; 16843200 |
| Sonos, Inc.<sup>(c)</sup> | 133806 | &nbsp;&nbsp; 1375526 |
| Standard Motor Products, Inc. | 60138 | &nbsp;&nbsp; 1822181 |
| Steven Madden Ltd. | 94655 | &nbsp;&nbsp; 2333246 |
| Strategic Education, Inc. | 16283 | &nbsp;&nbsp; 1485498 |
| Stride, Inc.<sup>(b)(c)</sup> | 20180 | &nbsp;&nbsp; 3055050 |
| Sturm, Ruger & Co., Inc.<sup>(b)</sup> | 14646 | &nbsp;&nbsp; 530185 |
| Topgolf Callaway Brands Corp.<sup>(b)(c)</sup> | 758307 | &nbsp;&nbsp; 4807666 |
| Tri Pointe Homes, Inc.<sup>(b)(c)</sup> | 155336 | &nbsp;&nbsp; 4579305 |
| Upbound Group, Inc. | 195625 | &nbsp;&nbsp; 4487638 |
| Urban Outfitters, Inc.<sup>(b)(c)</sup> | 115045 | &nbsp;&nbsp; 8041645 |
| Victoria's Secret & Co.<sup>(b)(c)</sup> | 397099 | &nbsp;&nbsp; 8422470 |
| Winnebago Industries, Inc. | 85940 | &nbsp;&nbsp; 2915944 |
| Wolverine World Wide, Inc. | 140338 | &nbsp;&nbsp; 2394166 |
| XPEL, Inc.<sup>(b)(c)(d)</sup> | 14852 | &nbsp;&nbsp; 534226 |
|  |  | &nbsp;&nbsp; 378835705 |
| **Consumer Staples-7.86%** | **Consumer Staples-7.86%** | **Consumer Staples-7.86%** |
| Andersons, Inc. (The) | 296621 | &nbsp;&nbsp; 10533012 |
| B&G Foods, Inc.<sup>(b)</sup> | 282336 | &nbsp;&nbsp; 1188634 |
| Cal-Maine Foods, Inc. | 39390 | &nbsp;&nbsp; 3778683 |
| Central Garden & Pet Co.<sup>(b)(c)</sup> | 47946 | &nbsp;&nbsp; 1728933 |
| Central Garden & Pet Co., Class A<sup>(c)</sup> | 54305 | &nbsp;&nbsp; 1736131 |
| Chefs' Warehouse, Inc. (The)<sup>(c)</sup> | 78298 | &nbsp;&nbsp; 4993846 |
| Edgewell Personal Care Co.<sup>(b)</sup> | 78316 | &nbsp;&nbsp; 2163088 |
| Energizer Holdings, Inc.<sup>(b)</sup> | 105690 | &nbsp;&nbsp; 2461520 |
| Fresh Del Monte Produce, Inc. | 156097 | &nbsp;&nbsp; 5513346 |
| Freshpet, Inc.<sup>(b)(c)</sup> | 12229 | &nbsp;&nbsp; 980277 |
| Grocery Outlet Holding Corp.<sup>(b)(c)</sup> | 390257 | &nbsp;&nbsp; 5299690 |
| Interparfums, Inc.<sup>(b)</sup> | 12262 | &nbsp;&nbsp; 1670330 |
| J&J Snack Foods Corp. | 12566 | &nbsp;&nbsp; 1447226 |
| John B. Sanfilippo & Son, Inc. | 16900 | &nbsp;&nbsp; 1050166 |
| MGP Ingredients, Inc.<sup>(b)</sup> | 24797 | &nbsp;&nbsp; 729528 |

---

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

------

**Invesco S&P SmallCap 600 Revenue ETF (RWJ)—(continued)**

May 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Consumer Staples-(continued)** | **Consumer Staples-(continued)** | **Consumer Staples-(continued)** |
| National Beverage Corp.<sup>(b)</sup> | 31221 | &nbsp;&nbsp; $1412126 |
| PriceSmart, Inc. | 65671 | &nbsp;&nbsp; 7091154 |
| Simply Good Foods Co. (The)<sup>(b)(c)</sup> | 41760 | &nbsp;&nbsp; 1441138 |
| SpartanNash Co. | 519497 | &nbsp;&nbsp; 10109412 |
| Tootsie Roll Industries, Inc.<sup>(b)</sup> | 24744 | &nbsp;&nbsp; 882124 |
| TreeHouse Foods, Inc.<sup>(c)</sup> | 126440 | &nbsp;&nbsp; 2839842 |
| United Natural Foods, Inc.<sup>(c)</sup> | 1254256 | &nbsp;&nbsp; 38342606 |
| Universal Corp. | 60599 | &nbsp;&nbsp; 3962569 |
| USANA Health Sciences, Inc.<sup>(c)</sup> | 28265 | &nbsp;&nbsp; 844275 |
| WD-40 Co. | 2599 | &nbsp;&nbsp; 633194 |
| WK Kellogg Co.<sup>(b)</sup> | 146606 | &nbsp;&nbsp; 2480573 |
|  |  | &nbsp;&nbsp; 115313423 |
| **Energy-8.15%** | **Energy-8.15%** | **Energy-8.15%** |
| Archrock, Inc. | 51053 | &nbsp;&nbsp; 1271220 |
| Atlas Energy Solutions, Inc.<sup>(b)</sup> | 64809 | &nbsp;&nbsp; 787429 |
| Bristow Group, Inc.<sup>(c)</sup> | 48074 | &nbsp;&nbsp; 1406645 |
| Cactus, Inc., Class A | 26863 | &nbsp;&nbsp; 1101383 |
| California Resources Corp. | 74590 | &nbsp;&nbsp; 3294640 |
| Comstock Resources, Inc.<sup>(b)(c)</sup> | 71500 | &nbsp;&nbsp; 1665950 |
| Core Laboratories, Inc.<sup>(b)</sup> | 37291 | &nbsp;&nbsp; 400878 |
| Core Natural Resources, Inc. | 33580 | &nbsp;&nbsp; 2327094 |
| Crescent Energy Co., Class A | 294079 | &nbsp;&nbsp; 2467323 |
| CVR Energy, Inc.<sup>(b)</sup> | 462436 | &nbsp;&nbsp; 10816378 |
| Dorian LPG Ltd. | 21584 | &nbsp;&nbsp; 462113 |
| Helix Energy Solutions Group, Inc.<sup>(c)</sup> | 183880 | &nbsp;&nbsp; 1138217 |
| Helmerich & Payne, Inc. | 117330 | &nbsp;&nbsp; 1789283 |
| Innovex International, Inc.<sup>(b)(c)</sup> | 38667 | &nbsp;&nbsp; 533605 |
| International Seaways, Inc. | 30769 | &nbsp;&nbsp; 1139991 |
| Liberty Energy, Inc., Class A | 321822 | &nbsp;&nbsp; 3729917 |
| Magnolia Oil & Gas Corp., Class A<sup>(b)</sup> | 61383 | &nbsp;&nbsp; 1319735 |
| Northern Oil and Gas, Inc.<sup>(b)</sup> | 80684 | &nbsp;&nbsp; 2144581 |
| Oceaneering International, Inc.<sup>(b)(c)</sup> | 147757 | &nbsp;&nbsp; 2817726 |
| Par Pacific Holdings, Inc.<sup>(c)</sup> | 670050 | &nbsp;&nbsp; 14466380 |
| Patterson-UTI Energy, Inc. | 754420 | &nbsp;&nbsp; 4164398 |
| Peabody Energy Corp. | 363676 | &nbsp;&nbsp; 4785976 |
| ProPetro Holding Corp.<sup>(b)(c)</sup> | 224089 | &nbsp;&nbsp; 1210081 |
| REX American Resources Corp.<sup>(c)</sup> | 19892 | &nbsp;&nbsp; 838249 |
| RPC, Inc.<sup>(b)</sup> | 286965 | &nbsp;&nbsp; 1274125 |
| SM Energy Co.<sup>(b)</sup> | 97239 | &nbsp;&nbsp; 2277337 |
| Talos Energy, Inc.<sup>(b)(c)</sup> | 254281 | &nbsp;&nbsp; 2044419 |
| Tidewater, Inc.<sup>(b)(c)</sup> | 35999 | &nbsp;&nbsp; 1429520 |
| Vital Energy, Inc.<sup>(b)(c)</sup> | 97344 | &nbsp;&nbsp; 1448479 |
| World Kinect Corp.<sup>(b)</sup> | 1648186 | &nbsp;&nbsp; 45143815 |
|  |  | &nbsp;&nbsp; 119696887 |
| **Financials-12.29%** | **Financials-12.29%** | **Financials-12.29%** |
| Acadian Asset Management, Inc. | 23132 | &nbsp;&nbsp; 696505 |
| Ameris Bancorp | 30205 | &nbsp;&nbsp; 1856701 |
| AMERISAFE, Inc. | 6560 | &nbsp;&nbsp; 311403 |
| &nbsp;&nbsp;&nbsp; Apollo Commercial Real Estate Finance, <br> Inc.<sup>(b)</sup><br>| 76375 | &nbsp;&nbsp; 750766 |
| Arbor Realty Trust, Inc.<sup>(b)</sup> | 126010 | &nbsp;&nbsp; 1207176 |
| ARMOUR Residential REIT, Inc.<sup>(b)</sup> | 13787 | &nbsp;&nbsp; 223487 |
| &nbsp;&nbsp;&nbsp; Artisan Partners Asset Management, Inc., <br> Class A<sup>(b)</sup><br>| 33107 | &nbsp;&nbsp; 1334212 |
| Assured Guaranty Ltd.<sup>(b)</sup> | 10488 | &nbsp;&nbsp; 886760 |
| Atlantic Union Bankshares Corp., Class B | 45117 | &nbsp;&nbsp; 1354412 |
| Axos Financial, Inc.<sup>(c)</sup> | 33737 | &nbsp;&nbsp; 2346071 |
| Banc of California, Inc. | 148190 | &nbsp;&nbsp; 2033167 |
| BancFirst Corp. | 8878 | &nbsp;&nbsp; 1098253 |
| Bancorp, Inc. (The)<sup>(c)</sup> | 14855 | &nbsp;&nbsp; 759091 |
| Bank of Hawaii Corp. | 16578 | &nbsp;&nbsp; 1102603 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Financials-(continued)** | **Financials-(continued)** | **Financials-(continued)** |
| BankUnited, Inc. | 65367 | &nbsp;&nbsp; $2221171 |
| Banner Corp. | 14280 | &nbsp;&nbsp; 880362 |
| Berkshire Hills Bancorp, Inc. | 26650 | &nbsp;&nbsp; 659854 |
| BGC Group, Inc., Class A | 285141 | &nbsp;&nbsp; 2646108 |
| &nbsp;&nbsp;&nbsp; Blackstone Mortgage Trust, Inc., <br> Class A<sup>(b)</sup><br>| 92744 | &nbsp;&nbsp; 1751934 |
| Bread Financial Holdings, Inc. | 108767 | &nbsp;&nbsp; 5573221 |
| Brookline Bancorp, Inc. | 64771 | &nbsp;&nbsp; 669084 |
| Capitol Federal Financial, Inc. | 77210 | &nbsp;&nbsp; 440869 |
| Cathay General Bancorp | 35261 | &nbsp;&nbsp; 1511110 |
| Central Pacific Financial Corp. | 13696 | &nbsp;&nbsp; 365683 |
| City Holding Co.<sup>(b)</sup> | 3566 | &nbsp;&nbsp; 420396 |
| Cohen & Steers, Inc. | 7190 | &nbsp;&nbsp; 552480 |
| Community Financial System, Inc.<sup>(b)</sup> | 17702 | &nbsp;&nbsp; 995560 |
| Customers Bancorp, Inc.<sup>(b)(c)</sup> | 30060 | &nbsp;&nbsp; 1531858 |
| CVB Financial Corp.<sup>(b)</sup> | 39648 | &nbsp;&nbsp; 743400 |
| &nbsp;&nbsp;&nbsp; Dime Community Bancshares, Inc., <br> Class B<br>| 25179 | &nbsp;&nbsp; 646093 |
| Donnelley Financial Solutions, Inc.<sup>(c)</sup> | 19369 | &nbsp;&nbsp; 1055223 |
| Eagle Bancorp, Inc. | 36877 | &nbsp;&nbsp; 649035 |
| Ellington Financial, Inc. | 32248 | &nbsp;&nbsp; 405357 |
| Employers Holdings, Inc. | 19535 | &nbsp;&nbsp; 950768 |
| Encore Capital Group, Inc.<sup>(b)(c)</sup> | 42955 | &nbsp;&nbsp; 1627995 |
| Enova International, Inc.<sup>(c)</sup> | 31795 | &nbsp;&nbsp; 2946443 |
| EVERTEC, Inc. | 25641 | &nbsp;&nbsp; 928973 |
| EZCORP, Inc., Class A<sup>(b)(c)</sup> | 95022 | &nbsp;&nbsp; 1278046 |
| FB Financial Corp. | 17872 | &nbsp;&nbsp; 780113 |
| First Bancorp | 75202 | &nbsp;&nbsp; 1502536 |
| First Bancorp/Southern Pines NC | 14826 | &nbsp;&nbsp; 613352 |
| First Commonwealth Financial Corp. | 48625 | &nbsp;&nbsp; 759523 |
| First Financial Bancorp | 53776 | &nbsp;&nbsp; 1299228 |
| First Hawaiian, Inc.<sup>(b)</sup> | 51498 | &nbsp;&nbsp; 1229772 |
| Franklin BSP Realty Trust, Inc. | 45048 | &nbsp;&nbsp; 496879 |
| Fulton Financial Corp.<sup>(b)</sup> | 110956 | &nbsp;&nbsp; 1913991 |
| Genworth Financial, Inc., Class A<sup>(c)</sup> | 1212166 | &nbsp;&nbsp; 8545770 |
| Goosehead Insurance, Inc., Class A<sup>(b)</sup> | 2800 | &nbsp;&nbsp; 303128 |
| &nbsp;&nbsp;&nbsp; HA Sustainable Infrastructure Capital, <br> Inc.<sup>(b)</sup><br>| 14490 | &nbsp;&nbsp; 362975 |
| Hanmi Financial Corp. | 21362 | &nbsp;&nbsp; 489617 |
| HCI Group, Inc.<sup>(b)</sup> | 5666 | &nbsp;&nbsp; 956251 |
| Heritage Financial Corp. | 14672 | &nbsp;&nbsp; 343031 |
| Hilltop Holdings, Inc. | 53198 | &nbsp;&nbsp; 1586364 |
| Hope Bancorp, Inc. | 105863 | &nbsp;&nbsp; 1062865 |
| Horace Mann Educators Corp. | 42422 | &nbsp;&nbsp; 1842387 |
| Independent Bank Corp.<sup>(b)</sup> | 17053 | &nbsp;&nbsp; 1048760 |
| Jackson Financial, Inc., Class A | 43797 | &nbsp;&nbsp; 3587412 |
| KKR Real Estate Finance Trust, Inc.<sup>(b)</sup> | 58601 | &nbsp;&nbsp; 523307 |
| Lakeland Financial Corp.<sup>(b)</sup> | 7579 | &nbsp;&nbsp; 453755 |
| Lincoln National Corp. | 642247 | &nbsp;&nbsp; 21284066 |
| Mercury General Corp. | 109350 | &nbsp;&nbsp; 7050888 |
| Moelis & Co., Class A | 21394 | &nbsp;&nbsp; 1221811 |
| Mr. Cooper Group, Inc.<sup>(b)(c)</sup> | 24275 | &nbsp;&nbsp; 3144341 |
| National Bank Holdings Corp., Class A | 16602 | &nbsp;&nbsp; 600162 |
| Navient Corp. | 355175 | &nbsp;&nbsp; 4773552 |
| NBT Bancorp, Inc. | 19737 | &nbsp;&nbsp; 825993 |
| NCR Atleos Corp.<sup>(b)(c)</sup> | 189645 | &nbsp;&nbsp; 5027489 |
| New York Mortgage Trust, Inc. | 83871 | &nbsp;&nbsp; 547678 |
| NMI Holdings, Inc., Class A<sup>(b)(c)</sup> | 20164 | &nbsp;&nbsp; 800914 |
| Northwest Bancshares, Inc. | 68733 | &nbsp;&nbsp; 844041 |
| OFG Bancorp | 23553 | &nbsp;&nbsp; 968970 |
| Pacific Premier Bancorp, Inc. | 44949 | &nbsp;&nbsp; 952919 |
| Palomar Holdings, Inc.<sup>(c)</sup> | 4660 | &nbsp;&nbsp; 799050 |

---

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

------

**Invesco S&P SmallCap 600 Revenue ETF (RWJ)—(continued)**

May 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Financials-(continued)** | **Financials-(continued)** | **Financials-(continued)** |
| Park National Corp. | 4658 | &nbsp;&nbsp; $757204 |
| Pathward Financial, Inc. | 11656 | &nbsp;&nbsp; 909751 |
| Payoneer Global, Inc.<sup>(c)</sup> | 145473 | &nbsp;&nbsp; 990671 |
| PennyMac Mortgage Investment Trust | 101590 | &nbsp;&nbsp; 1247525 |
| Piper Sandler Cos. | 6400 | &nbsp;&nbsp; 1609280 |
| PJT Partners, Inc., Class A<sup>(b)</sup> | 11398 | &nbsp;&nbsp; 1717223 |
| PRA Group, Inc.<sup>(c)</sup> | 64307 | &nbsp;&nbsp; 912516 |
| Preferred Bank<sup>(b)</sup> | 6881 | &nbsp;&nbsp; 575320 |
| ProAssurance Corp.<sup>(c)</sup> | 81513 | &nbsp;&nbsp; 1890286 |
| PROG Holdings, Inc. | 97802 | &nbsp;&nbsp; 2819632 |
| Provident Financial Services, Inc. | 73751 | &nbsp;&nbsp; 1231642 |
| Radian Group, Inc. | 44801 | &nbsp;&nbsp; 1529954 |
| Ready Capital Corp.<sup>(b)</sup> | 193341 | &nbsp;&nbsp; 864234 |
| Redwood Trust, Inc.<sup>(b)</sup> | 172655 | &nbsp;&nbsp; 940970 |
| Renasant Corp. | 34713 | &nbsp;&nbsp; 1216691 |
| S&T Bancorp, Inc.<sup>(b)</sup> | 16125 | &nbsp;&nbsp; 591143 |
| Safety Insurance Group, Inc. | 15797 | &nbsp;&nbsp; 1297566 |
| Seacoast Banking Corp. of Florida<sup>(b)</sup> | 33963 | &nbsp;&nbsp; 877264 |
| ServisFirst Bancshares, Inc. | 12813 | &nbsp;&nbsp; 953672 |
| Simmons First National Corp., Class A | 78341 | &nbsp;&nbsp; 1469677 |
| SiriusPoint Ltd. (Sweden)<sup>(c)</sup> | 199381 | &nbsp;&nbsp; 3905874 |
| Southside Bancshares, Inc.<sup>(b)</sup> | 16911 | &nbsp;&nbsp; 476721 |
| Stellar Bancorp, Inc.<sup>(b)</sup> | 24667 | &nbsp;&nbsp; 664036 |
| StepStone Group, Inc., Class A | 23782 | &nbsp;&nbsp; 1375789 |
| Stewart Information Services Corp. | 37603 | &nbsp;&nbsp; 2268965 |
| StoneX Group, Inc.<sup>(c)</sup> | 28745 | &nbsp;&nbsp; 2433408 |
| Tompkins Financial Corp. | 7403 | &nbsp;&nbsp; 454544 |
| Triumph Financial, Inc.<sup>(b)(c)</sup> | 8877 | &nbsp;&nbsp; 512824 |
| Trupanion, Inc.<sup>(b)(c)</sup> | 40689 | &nbsp;&nbsp; 1920114 |
| TrustCo Bank Corp. | 9205 | &nbsp;&nbsp; 285723 |
| Trustmark Corp. | 30732 | &nbsp;&nbsp; 1059025 |
| Two Harbors Investment Corp.<sup>(b)</sup> | 68032 | &nbsp;&nbsp; 720459 |
| United Community Banks, Inc. | 56147 | &nbsp;&nbsp; 1613665 |
| &nbsp;&nbsp;&nbsp; United Fire Group, Inc., (Acquired <br> 08/27/2020 - 04/04/2025; <br> Cost $1,079,449)<sup>(e)</sup><br>| 47943 | &nbsp;&nbsp; 1363978 |
| Veritex Holdings, Inc. | 35335 | &nbsp;&nbsp; 855107 |
| Virtu Financial, Inc., Class A | 82753 | &nbsp;&nbsp; 3325843 |
| Virtus Investment Partners, Inc. | 5453 | &nbsp;&nbsp; 930827 |
| WaFd, Inc. | 57928 | &nbsp;&nbsp; 1646314 |
| Walker & Dunlop, Inc. | 13861 | &nbsp;&nbsp; 949340 |
| Westamerica Bancorporation<sup>(b)</sup> | 6654 | &nbsp;&nbsp; 319725 |
| WisdomTree, Inc.<sup>(b)</sup> | 53531 | &nbsp;&nbsp; 505333 |
| World Acceptance Corp.<sup>(c)</sup> | 5117 | &nbsp;&nbsp; 790474 |
| WSFS Financial Corp. | 30103 | &nbsp;&nbsp; 1592148 |
|  |  | &nbsp;&nbsp; 180326977 |
| **Health Care-5.79%** | **Health Care-5.79%** | **Health Care-5.79%** |
| Acadia Pharmaceuticals, Inc.<sup>(c)</sup> | 61548 | &nbsp;&nbsp; 1327590 |
| AdaptHealth Corp.<sup>(b)(c)</sup> | 368011 | &nbsp;&nbsp; 3304739 |
| Addus HomeCare Corp.<sup>(b)(c)</sup> | 13261 | &nbsp;&nbsp; 1470778 |
| ADMA Biologics, Inc.<sup>(c)</sup> | 24794 | &nbsp;&nbsp; 491913 |
| Alkermes PLC<sup>(c)</sup> | 50161 | &nbsp;&nbsp; 1535428 |
| AMN Healthcare Services, Inc.<sup>(c)</sup> | 127573 | &nbsp;&nbsp; 2693066 |
| Amphastar Pharmaceuticals, Inc.<sup>(b)(c)</sup> | 30114 | &nbsp;&nbsp; 774231 |
| ANI Pharmaceuticals, Inc.<sup>(b)(c)</sup> | 10429 | &nbsp;&nbsp; 612391 |
| Arcus Biosciences, Inc.<sup>(b)(c)</sup> | 28467 | &nbsp;&nbsp; 254210 |
| Arrowhead Pharmaceuticals, Inc.<sup>(b)(c)</sup> | 902 | &nbsp;&nbsp; 14495 |
| Artivion, Inc.<sup>(b)(c)</sup> | 17798 | &nbsp;&nbsp; 526465 |
| Astrana Health, Inc.<sup>(b)(c)</sup> | 73665 | &nbsp;&nbsp; 1826155 |
| Avanos Medical, Inc.<sup>(c)</sup> | 50775 | &nbsp;&nbsp; 638242 |
| Azenta, Inc.<sup>(b)(c)</sup> | 18344 | &nbsp;&nbsp; 490152 |
| BioLife Solutions, Inc.<sup>(b)(c)</sup> | 4721 | &nbsp;&nbsp; 103295 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Health Care-(continued)** | **Health Care-(continued)** | **Health Care-(continued)** |
| Catalyst Pharmaceuticals, Inc.<sup>(c)</sup> | 24963 | &nbsp;&nbsp; $623076 |
| Certara, Inc.<sup>(b)(c)</sup> | 37287 | &nbsp;&nbsp; 423580 |
| Collegium Pharmaceutical, Inc.<sup>(c)</sup> | 23083 | &nbsp;&nbsp; 672639 |
| Concentra Group Holdings Parent, Inc. | 99036 | &nbsp;&nbsp; 2142149 |
| CONMED Corp.<sup>(b)</sup> | 23577 | &nbsp;&nbsp; 1337995 |
| Corcept Therapeutics, Inc.<sup>(b)(c)</sup> | 13108 | &nbsp;&nbsp; 1016657 |
| CorVel Corp.<sup>(c)</sup> | 8878 | &nbsp;&nbsp; 987855 |
| Cytek Biosciences, Inc.<sup>(b)(c)</sup> | 51505 | &nbsp;&nbsp; 142669 |
| Dynavax Technologies Corp.<sup>(b)(c)</sup> | 21620 | &nbsp;&nbsp; 211660 |
| Embecta Corp. | 88153 | &nbsp;&nbsp; 928251 |
| Enovis Corp.<sup>(b)(c)</sup> | 62147 | &nbsp;&nbsp; 1945201 |
| Fortrea Holdings, Inc.<sup>(b)(c)</sup> | 292319 | &nbsp;&nbsp; 1256972 |
| Glaukos Corp.<sup>(c)</sup> | 4012 | &nbsp;&nbsp; 378291 |
| Harmony Biosciences Holdings, Inc.<sup>(c)</sup> | 23037 | &nbsp;&nbsp; 794777 |
| HealthStream, Inc. | 9654 | &nbsp;&nbsp; 270505 |
| ICU Medical, Inc.<sup>(c)</sup> | 18094 | &nbsp;&nbsp; 2440157 |
| Innoviva, Inc.<sup>(b)(c)</sup> | 23086 | &nbsp;&nbsp; 451793 |
| Inspire Medical Systems, Inc.<sup>(c)</sup> | 5325 | &nbsp;&nbsp; 735915 |
| Integer Holdings Corp.<sup>(b)(c)</sup> | 15725 | &nbsp;&nbsp; 1867501 |
| Integra LifeSciences Holdings Corp.<sup>(b)(c)</sup> | 77826 | &nbsp;&nbsp; 985277 |
| Krystal Biotech, Inc.<sup>(b)(c)</sup> | 1760 | &nbsp;&nbsp; 221690 |
| LeMaitre Vascular, Inc. | 2821 | &nbsp;&nbsp; 231886 |
| Ligand Pharmaceuticals, Inc.<sup>(b)(c)</sup> | 1777 | &nbsp;&nbsp; 181592 |
| Merit Medical Systems, Inc.<sup>(c)</sup> | 14859 | &nbsp;&nbsp; 1412051 |
| Mesa Laboratories, Inc. | 1915 | &nbsp;&nbsp; 192687 |
| Myriad Genetics, Inc.<sup>(c)</sup> | 86691 | &nbsp;&nbsp; 363235 |
| National HealthCare Corp.<sup>(b)</sup> | 14802 | &nbsp;&nbsp; 1541480 |
| Neogen Corp.<sup>(b)(c)</sup> | 103774 | &nbsp;&nbsp; 608116 |
| NeoGenomics, Inc.<sup>(b)(c)</sup> | 69318 | &nbsp;&nbsp; 504635 |
| &nbsp;&nbsp;&nbsp; OmniAb Operations, Inc., Rts., expiring <br> 11/02/2027<sup>(b)(c)(f)</sup><br>| 785 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp; OmniAb Operations, Inc., Rts., expiring <br> 11/02/2027<sup>(c)(f)</sup><br>| 785 | &nbsp;&nbsp; 0 |
| Omnicell, Inc.<sup>(c)</sup> | 35926 | &nbsp;&nbsp; 1091073 |
| Organon & Co.<sup>(b)</sup> | 468165 | &nbsp;&nbsp; 4316481 |
| Owens & Minor, Inc.<sup>(b)(c)</sup> | 1228284 | &nbsp;&nbsp; 8106674 |
| Pacira BioSciences, Inc.<sup>(b)(c)</sup> | 34091 | &nbsp;&nbsp; 880911 |
| Pediatrix Medical Group, Inc.<sup>(c)</sup> | 155386 | &nbsp;&nbsp; 2198712 |
| Phibro Animal Health Corp., Class A | 54006 | &nbsp;&nbsp; 1318827 |
| Premier, Inc., Class A | 70049 | &nbsp;&nbsp; 1609726 |
| Prestige Consumer Healthcare, Inc.<sup>(c)</sup> | 14539 | &nbsp;&nbsp; 1245556 |
| Privia Health Group, Inc.<sup>(c)</sup> | 77677 | &nbsp;&nbsp; 1767929 |
| Progyny, Inc.<sup>(b)(c)</sup> | 62526 | &nbsp;&nbsp; 1344309 |
| Protagonist Therapeutics, Inc.<sup>(b)(c)</sup> | 8158 | &nbsp;&nbsp; 387260 |
| QuidelOrtho Corp.<sup>(b)(c)</sup> | 81043 | &nbsp;&nbsp; 2485589 |
| RadNet, Inc.<sup>(b)(c)</sup> | 41545 | &nbsp;&nbsp; 2388422 |
| Schrodinger, Inc.<sup>(b)(c)</sup> | 9665 | &nbsp;&nbsp; 208957 |
| Select Medical Holdings Corp. | 431314 | &nbsp;&nbsp; 6594791 |
| Simulations Plus, Inc.<sup>(b)</sup> | 2862 | &nbsp;&nbsp; 91140 |
| &nbsp;&nbsp;&nbsp; STAAR Surgical Co., (Acquired <br> 09/15/2023 - 02/03/2025; <br> Cost $619,723)<sup>(b)(c)(e)</sup><br>| 18750 | &nbsp;&nbsp; 333938 |
| Supernus Pharmaceuticals, Inc.<sup>(c)</sup> | 22823 | &nbsp;&nbsp; 723489 |
| Tandem Diabetes Care, Inc.<sup>(b)(c)</sup> | 53949 | &nbsp;&nbsp; 1069269 |
| Teleflex, Inc. | 24950 | &nbsp;&nbsp; 3050637 |
| TG Therapeutics, Inc.<sup>(b)(c)</sup> | 9339 | &nbsp;&nbsp; 327892 |
| TransMedics Group, Inc.<sup>(b)(c)</sup> | 7079 | &nbsp;&nbsp; 899882 |
| U.S. Physical Therapy, Inc. | 9190 | &nbsp;&nbsp; 689158 |
| UFP Technologies, Inc.<sup>(b)(c)</sup> | 2498 | &nbsp;&nbsp; 585032 |
| Vericel Corp.<sup>(b)(c)</sup> | 5388 | &nbsp;&nbsp; 222497 |

---

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

------

**Invesco S&P SmallCap 600 Revenue ETF (RWJ)—(continued)**

May 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Health Care-(continued)** | **Health Care-(continued)** | **Health Care-(continued)** |
| Vir Biotechnology, Inc.<sup>(b)(c)</sup> | 10859 | &nbsp;&nbsp; $53643 |
| Xencor, Inc.<sup>(b)(c)</sup> | 8880 | &nbsp;&nbsp; 71040 |
|  |  | &nbsp;&nbsp; 84996276 |
| **Industrials-18.74%** | **Industrials-18.74%** | **Industrials-18.74%** |
| AAR Corp.<sup>(c)</sup> | 41646 | &nbsp;&nbsp; 2557481 |
| ABM Industries, Inc. | 199485 | &nbsp;&nbsp; 10502885 |
| AeroVironment, Inc.<sup>(b)(c)</sup> | 6522 | &nbsp;&nbsp; 1161112 |
| Air Lease Corp., Class A | 64555 | &nbsp;&nbsp; 3719013 |
| Alamo Group, Inc. | 9474 | &nbsp;&nbsp; 1876231 |
| Albany International Corp., Class A | 18214 | &nbsp;&nbsp; 1203399 |
| Allegiant Travel Co.<sup>(b)</sup> | 49261 | &nbsp;&nbsp; 2737926 |
| Amentum Holdings, Inc.<sup>(c)</sup> | 573274 | &nbsp;&nbsp; 11843841 |
| American Woodmark Corp.<sup>(c)</sup> | 32461 | &nbsp;&nbsp; 1829827 |
| Apogee Enterprises, Inc. | 31216 | &nbsp;&nbsp; 1206498 |
| ArcBest Corp.<sup>(b)</sup> | 61816 | &nbsp;&nbsp; 3875245 |
| Arcosa, Inc. | 35584 | &nbsp;&nbsp; 3069832 |
| Armstrong World Industries, Inc. | 11127 | &nbsp;&nbsp; 1731695 |
| Astec Industries, Inc. | 39696 | &nbsp;&nbsp; 1559656 |
| AZZ, Inc. | 19517 | &nbsp;&nbsp; 1769997 |
| Boise Cascade Co. | 74526 | &nbsp;&nbsp; 6474819 |
| Brady Corp., Class A | 21958 | &nbsp;&nbsp; 1532010 |
| CoreCivic, Inc.<sup>(c)</sup> | 104823 | &nbsp;&nbsp; 2301913 |
| CSG Systems International, Inc. | 21177 | &nbsp;&nbsp; 1398953 |
| CSW Industrials, Inc. | 3133 | &nbsp;&nbsp; 958040 |
| Deluxe Corp. | 145970 | &nbsp;&nbsp; 2082992 |
| DNOW, Inc.<sup>(c)</sup> | 171166 | &nbsp;&nbsp; 2468214 |
| DXP Enterprises, Inc.<sup>(c)</sup> | 22745 | &nbsp;&nbsp; 1880557 |
| Dycom Industries, Inc.<sup>(c)</sup> | 34468 | &nbsp;&nbsp; 7924883 |
| Enerpac Tool Group Corp. | 14502 | &nbsp;&nbsp; 621846 |
| Enpro, Inc. | 6572 | &nbsp;&nbsp; 1216740 |
| Enviri Corp.<sup>(b)(c)</sup> | 396006 | &nbsp;&nbsp; 3227449 |
| ESCO Technologies, Inc. | 7250 | &nbsp;&nbsp; 1313990 |
| Everus Construction Group, Inc.<sup>(c)</sup> | 79196 | &nbsp;&nbsp; 4586240 |
| Federal Signal Corp.<sup>(b)</sup> | 25399 | &nbsp;&nbsp; 2389284 |
| Forward Air Corp.<sup>(b)(c)</sup> | 150933 | &nbsp;&nbsp; 2532656 |
| Franklin Electric Co., Inc. | 21843 | &nbsp;&nbsp; 1887017 |
| Gates Industrial Corp. PLC<sup>(b)(c)</sup> | 195123 | &nbsp;&nbsp; 4126851 |
| GEO Group, Inc. (The)<sup>(b)(c)</sup> | 100709 | &nbsp;&nbsp; 2733242 |
| Gibraltar Industries, Inc.<sup>(c)</sup> | 22052 | &nbsp;&nbsp; 1291806 |
| GMS, Inc.<sup>(b)(c)</sup> | 87032 | &nbsp;&nbsp; 6590933 |
| Granite Construction, Inc.<sup>(b)</sup> | 60291 | &nbsp;&nbsp; 5393030 |
| Greenbrier Cos., Inc. (The) | 70762 | &nbsp;&nbsp; 3189243 |
| Griffon Corp. | 40843 | &nbsp;&nbsp; 2807956 |
| Hayward Holdings, Inc.<sup>(c)</sup> | 80537 | &nbsp;&nbsp; 1123491 |
| Healthcare Services Group, Inc.<sup>(c)</sup> | 170471 | &nbsp;&nbsp; 2403641 |
| Heartland Express, Inc.<sup>(b)</sup> | 120085 | &nbsp;&nbsp; 1074761 |
| Heidrick & Struggles International, Inc. | 27486 | &nbsp;&nbsp; 1200039 |
| Hertz Global Holdings, Inc.<sup>(b)(c)</sup> | 2586405 | &nbsp;&nbsp; 16940953 |
| Hillenbrand, Inc. | 127982 | &nbsp;&nbsp; 2500768 |
| HNI Corp. | 61860 | &nbsp;&nbsp; 2878346 |
| Hub Group, Inc., Class A | 114548 | &nbsp;&nbsp; 3861413 |
| Insteel Industries, Inc. | 21821 | &nbsp;&nbsp; 764171 |
| Interface, Inc. | 75255 | &nbsp;&nbsp; 1511873 |
| JBT Marel Corp. | 14979 | &nbsp;&nbsp; 1719739 |
| JetBlue Airways Corp.<sup>(b)(c)</sup> | 1834654 | &nbsp;&nbsp; 9265003 |
| Kadant, Inc.<sup>(b)</sup> | 3262 | &nbsp;&nbsp; 1023974 |
| Kennametal, Inc. | 103304 | &nbsp;&nbsp; 2224135 |
| Korn Ferry | 44382 | &nbsp;&nbsp; 3018420 |
| &nbsp;&nbsp;&nbsp; Kratos Defense & Security Solutions, <br> Inc.<sup>(b)(c)</sup><br>| 41173 | &nbsp;&nbsp; 1518872 |
| Lindsay Corp. | 5308 | &nbsp;&nbsp; 739935 |
| Liquidity Services, Inc.<sup>(b)(c)</sup> | 15091 | &nbsp;&nbsp; 352677 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Industrials-(continued)** | **Industrials-(continued)** | **Industrials-(continued)** |
| Marten Transport Ltd. | 74531 | &nbsp;&nbsp; $971884 |
| MasterBrand, Inc.<sup>(c)</sup> | 215771 | &nbsp;&nbsp; 2200864 |
| Matson, Inc.<sup>(b)</sup> | 27836 | &nbsp;&nbsp; 3141293 |
| Matthews International Corp., Class A<sup>(b)</sup> | 82513 | &nbsp;&nbsp; 1769904 |
| Mercury Systems, Inc.<sup>(b)(c)</sup> | 22724 | &nbsp;&nbsp; 1119157 |
| MillerKnoll, Inc. | 197506 | &nbsp;&nbsp; 3331926 |
| Moog, Inc., Class A | 22881 | &nbsp;&nbsp; 4240078 |
| Mueller Water Products, Inc., Class A | 54903 | &nbsp;&nbsp; 1346771 |
| MYR Group, Inc.<sup>(c)</sup> | 32398 | &nbsp;&nbsp; 5081626 |
| National Presto Industries, Inc. | 4316 | &nbsp;&nbsp; 369665 |
| NV5 Global, Inc.<sup>(c)</sup> | 58599 | &nbsp;&nbsp; 1295038 |
| OPENLANE, Inc.<sup>(b)(c)</sup> | 90562 | &nbsp;&nbsp; 2076587 |
| Pitney Bowes, Inc. | 302911 | &nbsp;&nbsp; 3119983 |
| Powell Industries, Inc.<sup>(b)</sup> | 6790 | &nbsp;&nbsp; 1151516 |
| Proto Labs, Inc.<sup>(c)</sup> | 14526 | &nbsp;&nbsp; 537171 |
| Pursuit Attractions and Hospitality, Inc.<sup>(c)</sup> | 38527 | &nbsp;&nbsp; 1074518 |
| Quanex Building Products Corp.<sup>(b)</sup> | 83009 | &nbsp;&nbsp; 1388741 |
| Resideo Technologies, Inc.<sup>(b)(c)</sup> | 427664 | &nbsp;&nbsp; 8852645 |
| Robert Half, Inc.<sup>(b)</sup> | 119539 | &nbsp;&nbsp; 5473691 |
| Rush Enterprises, Inc., Class A | 157966 | &nbsp;&nbsp; 7843012 |
| RXO, Inc.<sup>(b)(c)</sup> | 270988 | &nbsp;&nbsp; 4208444 |
| Schneider National, Inc., Class B | 242650 | &nbsp;&nbsp; 5622200 |
| SkyWest, Inc.<sup>(c)</sup> | 46854 | &nbsp;&nbsp; 4753338 |
| SPX Technologies, Inc.<sup>(c)</sup> | 15996 | &nbsp;&nbsp; 2432832 |
| Standex International Corp. | 4322 | &nbsp;&nbsp; 652363 |
| Sun Country Airlines Holdings, Inc.<sup>(b)(c)</sup> | 92066 | &nbsp;&nbsp; 1066124 |
| Sunrun, Inc.<sup>(b)(c)</sup> | 333404 | &nbsp;&nbsp; 2497196 |
| Tennant Co. | 16674 | &nbsp;&nbsp; 1240879 |
| Titan International, Inc.<sup>(b)(c)</sup> | 242715 | &nbsp;&nbsp; 1757257 |
| Trinity Industries, Inc. | 114244 | &nbsp;&nbsp; 2940641 |
| Triumph Group, Inc.<sup>(c)</sup> | 52846 | &nbsp;&nbsp; 1362898 |
| UniFirst Corp. | 13304 | &nbsp;&nbsp; 2508602 |
| Verra Mobility Corp., Class A<sup>(c)</sup> | 47947 | &nbsp;&nbsp; 1133947 |
| Vestis Corp. | 272543 | &nbsp;&nbsp; 1678865 |
| Vicor Corp.<sup>(b)(c)</sup> | 7218 | &nbsp;&nbsp; 314993 |
| Werner Enterprises, Inc.<sup>(b)</sup> | 109130 | &nbsp;&nbsp; 2831923 |
| WillScot Holdings Corp. | 86149 | &nbsp;&nbsp; 2321715 |
| Worthington Enterprises, Inc. | 31016 | &nbsp;&nbsp; 1827153 |
| Zurn Elkay Water Solutions Corp. | 51450 | &nbsp;&nbsp; 1861975 |
|  |  | &nbsp;&nbsp; 275096928 |
| **Information Technology-8.54%** | **Information Technology-8.54%** | **Information Technology-8.54%** |
| A10 Networks, Inc. | 14336 | &nbsp;&nbsp; 247439 |
| ACI Worldwide, Inc.<sup>(c)</sup> | 33331 | &nbsp;&nbsp; 1541892 |
| Adeia, Inc. | 28752 | &nbsp;&nbsp; 369176 |
| Advanced Energy Industries, Inc. | 15158 | &nbsp;&nbsp; 1739835 |
| Agilysys, Inc.<sup>(b)(c)</sup> | 3826 | &nbsp;&nbsp; 405212 |
| Alarm.com Holdings, Inc.<sup>(b)(c)</sup> | 17135 | &nbsp;&nbsp; 983549 |
| Alpha & Omega Semiconductor Ltd.<sup>(c)</sup> | 27252 | &nbsp;&nbsp; 578287 |
| Arlo Technologies, Inc.<sup>(c)</sup> | 51661 | &nbsp;&nbsp; 739785 |
| Axcelis Technologies, Inc.<sup>(b)(c)</sup> | 18494 | &nbsp;&nbsp; 1041952 |
| Badger Meter, Inc. | 4591 | &nbsp;&nbsp; 1139578 |
| Benchmark Electronics, Inc. | 73940 | &nbsp;&nbsp; 2700289 |
| BlackLine, Inc.<sup>(c)</sup> | 14619 | &nbsp;&nbsp; 817641 |
| Box, Inc., Class A<sup>(b)(c)</sup> | 37767 | &nbsp;&nbsp; 1428348 |
| Calix, Inc.<sup>(c)</sup> | 27487 | &nbsp;&nbsp; 1270999 |
| CEVA, Inc.<sup>(b)(c)</sup> | 3791 | &nbsp;&nbsp; 71119 |
| CleanSpark, Inc.<sup>(b)(c)</sup> | 62153 | &nbsp;&nbsp; 536380 |
| Clear Secure, Inc., Class A | 33243 | &nbsp;&nbsp; 822764 |
| Cohu, Inc.<sup>(c)</sup> | 26140 | &nbsp;&nbsp; 446210 |
| Corsair Gaming, Inc.<sup>(b)(c)</sup> | 130309 | &nbsp;&nbsp; 1145416 |
| CTS Corp. | 12942 | &nbsp;&nbsp; 526610 |
| Digi International, Inc.<sup>(c)</sup> | 15554 | &nbsp;&nbsp; 504105 |

---

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

------

**Invesco S&P SmallCap 600 Revenue ETF (RWJ)—(continued)**

May 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Information Technology-(continued)** | **Information Technology-(continued)** | **Information Technology-(continued)** |
| DigitalOcean Holdings, Inc.<sup>(b)(c)</sup> | 23110 | &nbsp;&nbsp; $654013 |
| Diodes, Inc.<sup>(b)(c)</sup> | 29964 | &nbsp;&nbsp; 1330402 |
| DoubleVerify Holdings, Inc.<sup>(c)</sup> | 48238 | &nbsp;&nbsp; 662790 |
| DXC Technology Co.<sup>(c)</sup> | 834725 | &nbsp;&nbsp; 12687820 |
| ePlus, Inc.<sup>(c)</sup> | 35634 | &nbsp;&nbsp; 2543199 |
| Extreme Networks, Inc.<sup>(c)</sup> | 76339 | &nbsp;&nbsp; 1196232 |
| FormFactor, Inc.<sup>(c)</sup> | 26634 | &nbsp;&nbsp; 795025 |
| Grid Dynamics Holdings, Inc.<sup>(c)</sup> | 22548 | &nbsp;&nbsp; 282526 |
| Harmonic, Inc.<sup>(b)(c)</sup> | 72106 | &nbsp;&nbsp; 650396 |
| Ichor Holdings Ltd.<sup>(c)</sup> | 36365 | &nbsp;&nbsp; 573840 |
| Impinj, Inc.<sup>(b)(c)</sup> | 4370 | &nbsp;&nbsp; 498573 |
| Insight Enterprises, Inc.<sup>(c)</sup> | 62540 | &nbsp;&nbsp; 8154591 |
| InterDigital, Inc.<sup>(b)</sup> | 4479 | &nbsp;&nbsp; 973108 |
| Itron, Inc.<sup>(c)</sup> | 25501 | &nbsp;&nbsp; 2947916 |
| Knowles Corp.<sup>(c)</sup> | 45444 | &nbsp;&nbsp; 745736 |
| &nbsp;&nbsp;&nbsp; Kulicke & Soffa Industries, Inc. <br> (Singapore)<br>| 20990 | &nbsp;&nbsp; 674828 |
| LiveRamp Holdings, Inc.<sup>(c)</sup> | 29587 | &nbsp;&nbsp; 963944 |
| MARA Holdings, Inc.<sup>(b)(c)</sup> | 53921 | &nbsp;&nbsp; 761364 |
| MaxLinear, Inc.<sup>(c)</sup> | 30302 | &nbsp;&nbsp; 345140 |
| N-able, Inc.<sup>(c)</sup> | 70054 | &nbsp;&nbsp; 545721 |
| NCR Voyix Corp.<sup>(b)(c)</sup> | 351211 | &nbsp;&nbsp; 3894930 |
| NetScout Systems, Inc.<sup>(c)</sup> | 42168 | &nbsp;&nbsp; 963117 |
| OSI Systems, Inc.<sup>(b)(c)</sup> | 10135 | &nbsp;&nbsp; 2220680 |
| PC Connection, Inc. | 49311 | &nbsp;&nbsp; 3224939 |
| PDF Solutions, Inc.<sup>(c)</sup> | 8881 | &nbsp;&nbsp; 157194 |
| Penguin Solutions, Inc.<sup>(b)(c)</sup> | 79416 | &nbsp;&nbsp; 1410428 |
| Photronics, Inc.<sup>(c)</sup> | 44405 | &nbsp;&nbsp; 742008 |
| Plexus Corp.<sup>(c)</sup> | 35281 | &nbsp;&nbsp; 4630984 |
| Progress Software Corp. | 14916 | &nbsp;&nbsp; 918229 |
| Qorvo, Inc.<sup>(c)</sup> | 60091 | &nbsp;&nbsp; 4568118 |
| Rogers Corp.<sup>(c)</sup> | 12128 | &nbsp;&nbsp; 807361 |
| Sandisk Corp.<sup>(b)(c)</sup> | 153929 | &nbsp;&nbsp; 5801584 |
| Sanmina Corp.<sup>(c)</sup> | 112281 | &nbsp;&nbsp; 9509078 |
| ScanSource, Inc.<sup>(c)</sup> | 91080 | &nbsp;&nbsp; 3677810 |
| Semtech Corp.<sup>(b)(c)</sup> | 26923 | &nbsp;&nbsp; 1005036 |
| SiTime Corp.<sup>(c)</sup> | 1431 | &nbsp;&nbsp; 280576 |
| SolarEdge Technologies, Inc.<sup>(b)(c)</sup> | 62993 | &nbsp;&nbsp; 1125055 |
| Sprinklr, Inc., Class A<sup>(b)(c)</sup> | 90821 | &nbsp;&nbsp; 766529 |
| SPS Commerce, Inc.<sup>(c)</sup> | 5325 | &nbsp;&nbsp; 749547 |
| Teradata Corp.<sup>(c)</sup> | 84367 | &nbsp;&nbsp; 1852699 |
| TTM Technologies, Inc.<sup>(c)</sup> | 119179 | &nbsp;&nbsp; 3558685 |
| Ultra Clean Holdings, Inc.<sup>(c)</sup> | 91683 | &nbsp;&nbsp; 1775900 |
| Veeco Instruments, Inc.<sup>(b)(c)</sup> | 36113 | &nbsp;&nbsp; 697342 |
| Viasat, Inc.<sup>(b)(c)</sup> | 528990 | &nbsp;&nbsp; 4618083 |
| Viavi Solutions, Inc.<sup>(b)(c)</sup> | 100804 | &nbsp;&nbsp; 918324 |
| Vishay Intertechnology, Inc. | 190003 | &nbsp;&nbsp; 2673342 |
| Wolfspeed, Inc.<sup>(b)(c)</sup> | 159409 | &nbsp;&nbsp; 189697 |
| Xerox Holdings Corp.<sup>(b)</sup> | 1132020 | &nbsp;&nbsp; 5535578 |
|  |  | &nbsp;&nbsp; 125316603 |
| **Materials-5.44%** | **Materials-5.44%** | **Materials-5.44%** |
| AdvanSix, Inc. | 68875 | &nbsp;&nbsp; 1619251 |
| Alpha Metallurgical Resources, Inc.<sup>(b)(c)</sup> | 25216 | &nbsp;&nbsp; 2825201 |
| Balchem Corp. | 6032 | &nbsp;&nbsp; 1005534 |
| Celanese Corp. | 210563 | &nbsp;&nbsp; 11124043 |
| Century Aluminum Co.<sup>(b)(c)</sup> | 124687 | &nbsp;&nbsp; 1931402 |
| Chemours Co. (The)<sup>(b)</sup> | 454489 | &nbsp;&nbsp; 4603974 |
| Element Solutions, Inc. | 105016 | &nbsp;&nbsp; 2245242 |
| FMC Corp. | 114759 | &nbsp;&nbsp; 4654625 |
| H.B. Fuller Co. | 71236 | &nbsp;&nbsp; 3976394 |
| Hawkins, Inc. | 9683 | &nbsp;&nbsp; 1292584 |
| Ingevity Corp.<sup>(c)</sup> | 33715 | &nbsp;&nbsp; 1394790 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Materials-(continued)** | **Materials-(continued)** | **Materials-(continued)** |
| Innospec, Inc. | 20226 | &nbsp;&nbsp; $1720828 |
| Kaiser Aluminum Corp. | 49897 | &nbsp;&nbsp; 3622023 |
| Koppers Holdings, Inc. | 76177 | &nbsp;&nbsp; 2340157 |
| Materion Corp. | 21551 | &nbsp;&nbsp; 1668694 |
| Metallus, Inc.<sup>(b)(c)</sup> | 87362 | &nbsp;&nbsp; 1103382 |
| Minerals Technologies, Inc. | 33814 | &nbsp;&nbsp; 1919959 |
| MP Materials Corp.<sup>(b)(c)</sup> | 8878 | &nbsp;&nbsp; 193452 |
| O-I Glass, Inc.<sup>(c)</sup> | 613330 | &nbsp;&nbsp; 8040756 |
| Quaker Chemical Corp.<sup>(b)</sup> | 15282 | &nbsp;&nbsp; 1657180 |
| Sealed Air Corp. | 196871 | &nbsp;&nbsp; 6339246 |
| Sensient Technologies Corp. | 23082 | &nbsp;&nbsp; 2181941 |
| Stepan Co. | 40843 | &nbsp;&nbsp; 2217367 |
| SunCoke Energy, Inc. | 229056 | &nbsp;&nbsp; 1864516 |
| Sylvamo Corp. | 62933 | &nbsp;&nbsp; 3333561 |
| Warrior Met Coal, Inc.<sup>(b)</sup> | 34180 | &nbsp;&nbsp; 1553481 |
| Worthington Steel, Inc. | 136699 | &nbsp;&nbsp; 3403805 |
|  |  | &nbsp;&nbsp; 79833388 |
| **Real Estate-3.22%** | **Real Estate-3.22%** | **Real Estate-3.22%** |
| Acadia Realty Trust | 17835 | &nbsp;&nbsp; 343502 |
| Alexander & Baldwin, Inc. | 14124 | &nbsp;&nbsp; 252961 |
| American Assets Trust, Inc. | 24260 | &nbsp;&nbsp; 483744 |
| Apple Hospitality REIT, Inc. | 112747 | &nbsp;&nbsp; 1306738 |
| Armada Hoffler Properties, Inc. | 87554 | &nbsp;&nbsp; 609376 |
| Brandywine Realty Trust<sup>(b)</sup> | 119699 | &nbsp;&nbsp; 506327 |
| CareTrust REIT, Inc. | 11846 | &nbsp;&nbsp; 340691 |
| Centerspace | 4467 | &nbsp;&nbsp; 284771 |
| Curbline Properties Corp. | 5588 | &nbsp;&nbsp; 126792 |
| Cushman & Wakefield PLC<sup>(c)</sup> | 917715 | &nbsp;&nbsp; 9204682 |
| DiamondRock Hospitality Co. | 152919 | &nbsp;&nbsp; 1168301 |
| Douglas Emmett, Inc.<sup>(b)</sup> | 65948 | &nbsp;&nbsp; 938440 |
| Easterly Government Properties, Inc. | 12373 | &nbsp;&nbsp; 268865 |
| Elme Communities | 15300 | &nbsp;&nbsp; 245718 |
| Essential Properties Realty Trust, Inc. | 15861 | &nbsp;&nbsp; 515483 |
| eXp World Holdings, Inc.<sup>(b)</sup> | 525225 | &nbsp;&nbsp; 4474917 |
| Four Corners Property Trust, Inc.<sup>(b)</sup> | 10335 | &nbsp;&nbsp; 285349 |
| Getty Realty Corp.<sup>(b)</sup> | 7129 | &nbsp;&nbsp; 208595 |
| Global Net Lease, Inc.<sup>(b)</sup> | 110657 | &nbsp;&nbsp; 858698 |
| Highwoods Properties, Inc. | 31193 | &nbsp;&nbsp; 926432 |
| Innovative Industrial Properties, Inc. | 4784 | &nbsp;&nbsp; 264173 |
| &nbsp;&nbsp;&nbsp; JBG SMITH Properties, (Acquired <br> 03/17/2023 - 04/04/2025; <br> Cost $583,975)<sup>(b)(e)</sup><br>| 40543 | &nbsp;&nbsp; 693285 |
| Kennedy-Wilson Holdings, Inc. | 62567 | &nbsp;&nbsp; 398552 |
| LTC Properties, Inc.<sup>(b)</sup> | 6333 | &nbsp;&nbsp; 224125 |
| LXP Industrial Trust<sup>(b)</sup> | 42005 | &nbsp;&nbsp; 360403 |
| Macerich Co. (The) | 58926 | &nbsp;&nbsp; 953423 |
| Marcus & Millichap, Inc. | 21437 | &nbsp;&nbsp; 617600 |
| Medical Properties Trust, Inc.<sup>(b)</sup> | 179342 | &nbsp;&nbsp; 819593 |
| Millrose Properties, Inc.<sup>(b)(c)</sup> | 179009 | &nbsp;&nbsp; 4988981 |
| NexPoint Residential Trust, Inc. | 7019 | &nbsp;&nbsp; 238646 |
| Outfront Media, Inc. | 120922 | &nbsp;&nbsp; 1997632 |
| Pebblebrook Hotel Trust<sup>(b)</sup> | 140356 | &nbsp;&nbsp; 1288468 |
| Phillips Edison & Co., Inc. | 20455 | &nbsp;&nbsp; 725334 |
| Ryman Hospitality Properties, Inc.<sup>(b)</sup> | 26067 | &nbsp;&nbsp; 2531366 |
| Safehold, Inc.<sup>(b)</sup> | 20971 | &nbsp;&nbsp; 316033 |
| Saul Centers, Inc. | 8044 | &nbsp;&nbsp; 270922 |
| SITE Centers Corp. | 33447 | &nbsp;&nbsp; 398688 |
| SL Green Realty Corp. | 17129 | &nbsp;&nbsp; 972413 |
| St. Joe Co. (The) | 9603 | &nbsp;&nbsp; 429350 |
| Summit Hotel Properties, Inc.<sup>(b)</sup> | 136070 | &nbsp;&nbsp; 595987 |
| Sunstone Hotel Investors, Inc. | 98120 | &nbsp;&nbsp; 879155 |
| Tanger, Inc.<sup>(b)</sup> | 17264 | &nbsp;&nbsp; 514467 |

---

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

------

**Invesco S&P SmallCap 600 Revenue ETF (RWJ)—(continued)**

May 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Real Estate-(continued)** | **Real Estate-(continued)** | **Real Estate-(continued)** |
| Terreno Realty Corp. | 6067 | &nbsp;&nbsp; $342300 |
| Uniti Group, Inc.<sup>(b)</sup> | 244167 | &nbsp;&nbsp; 1049918 |
| Universal Health Realty Income Trust | 2502 | &nbsp;&nbsp; 99354 |
| Urban Edge Properties | 25447 | &nbsp;&nbsp; 462118 |
| Veris Residential, Inc. | 18055 | &nbsp;&nbsp; 274436 |
| Whitestone REIT | 11698 | &nbsp;&nbsp; 144119 |
| Xenia Hotels & Resorts, Inc.<sup>(b)</sup> | 87341 | &nbsp;&nbsp; 1068180 |
|  |  | &nbsp;&nbsp; 47269403 |
| **Utilities-1.06%** | **Utilities-1.06%** | **Utilities-1.06%** |
| American States Water Co. | 8371 | &nbsp;&nbsp; 660221 |
| Avista Corp. | 53709 | &nbsp;&nbsp; 2068334 |
| California Water Service Group | 23989 | &nbsp;&nbsp; 1133480 |
| Chesapeake Utilities Corp. | 6690 | &nbsp;&nbsp; 817451 |
| Clearway Energy, Inc., Class A | 29283 | &nbsp;&nbsp; 844814 |
| Clearway Energy, Inc., Class C | 27322 | &nbsp;&nbsp; 840698 |
| MDU Resources Group, Inc. | 253804 | &nbsp;&nbsp; 4362891 |
| MGE Energy, Inc. | 8096 | &nbsp;&nbsp; 731231 |
| Middlesex Water Co. | 3361 | &nbsp;&nbsp; 194770 |
| Northwest Natural Holding Co. | 30189 | &nbsp;&nbsp; 1236843 |
| Otter Tail Corp.<sup>(b)</sup> | 17766 | &nbsp;&nbsp; 1371180 |
| SJW Group | 15341 | &nbsp;&nbsp; 805096 |
| Unitil Corp. | 9682 | &nbsp;&nbsp; 530864 |
|  |  | &nbsp;&nbsp; 15597873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $1,454,646,574) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $1,454,646,574) | &nbsp;&nbsp; 1466370875 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Money Market Funds-0.04%** | **Money Market Funds-0.04%** | **Money Market Funds-0.04%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 4.24%<sup>(g)(h)</sup> <br>(Cost $568,983)<br>| 568983 | &nbsp;&nbsp; $568983 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.94% <br>(Cost $1,455,215,557) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.94% <br>(Cost $1,455,215,557) | &nbsp;&nbsp; 1466939858 |
| **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-20.89%** | **Money Market Funds-20.89%** | **Money Market Funds-20.89%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 4.29%<sup>(g)(h)(i)</sup><br>| 83824230 | &nbsp;&nbsp; 83824230 |
| Invesco Private Prime Fund, 4.45%<sup>(g)(h)(i)</sup> | 222708089 | &nbsp;&nbsp; 222752631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $306,587,871) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $306,587,871) | &nbsp;&nbsp; 306576861 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-120.83% <br>(Cost $1,761,803,428) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-120.83% <br>(Cost $1,761,803,428) | &nbsp;&nbsp; 1773516719 |
| OTHER ASSETS LESS LIABILITIES-(20.83)% | OTHER ASSETS LESS LIABILITIES-(20.83)% | &nbsp;&nbsp; (305712939)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $1467803780 |

---

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

Investment Abbreviations: <br> REIT -Real Estate Investment Trust <br> Rts. -Rights

&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 May 31, 2025. |
| <sup>(c)</sup> | Non-income producing security. |
| <sup>(d)</sup> | Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the "1933 Act"). The security may be <br> resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The value of this security at May 31, 2025 <br> represented less than 1% of the Fund's Net Assets.<br>|
| <sup>(e)</sup> | Restricted security. The aggregate value of these securities at May 31, 2025 was $2,391,201, which represented less than 1% of the Fund's Net Assets. |
| <sup>(f)</sup> | Security valued using significant unobservable inputs (Level 3). See Note 1. |
| <sup>(g)</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 May 31, 2025.<br>|

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**August 31, 2024**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Value** <br>**May 31, 2025**<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; $719245 | &nbsp;&nbsp;&nbsp; $25514059 | &nbsp;&nbsp;&nbsp; $(25664321)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $568983 | &nbsp;&nbsp;&nbsp; $23623 |

---

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

------

**Invesco S&P SmallCap 600 Revenue ETF (RWJ)—(continued)**

May 31, 2025

*(Unaudited)*

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value**<br> **August 31, 2024**<br>| **Purchases**<br> **at Cost**<br>| **Proceeds**<br> **from Sales**<br>| **Change in**<br> **Unrealized**<br> **Appreciation**<br> **(Depreciation)**<br>| **Realized**<br> **Gain**<br> **(Loss)**<br>| **Value**<br> **May 31, 2025**<br>| **Dividend Income** |
| **Investments** <br> **Purchased with Cash** <br> **Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; $103441240 | &nbsp;&nbsp;&nbsp; $400842095 | &nbsp;&nbsp;&nbsp; $(420459105)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $83824230 | &nbsp;&nbsp;&nbsp; $3,822,172<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime <br> Fund<br>| &nbsp;&nbsp;&nbsp; 274073776 | &nbsp;&nbsp;&nbsp; 887736517 | &nbsp;&nbsp;&nbsp; (939000713)<br>| &nbsp;&nbsp;&nbsp; (35666)<br>| &nbsp;&nbsp;&nbsp; (21283)<br>| &nbsp;&nbsp;&nbsp; 222752631 | &nbsp;&nbsp;&nbsp; 10,189,263<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $378234261 | &nbsp;&nbsp;&nbsp; $1314092671 | &nbsp;&nbsp;&nbsp; $(1385124139)<br>| &nbsp;&nbsp;&nbsp; $(35666)<br>| &nbsp;&nbsp;&nbsp; $(21283)<br>| &nbsp;&nbsp;&nbsp; $307145844 | &nbsp;&nbsp;&nbsp; $14035058 |

---

&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>(h)</sup> The rate shown is the 7-day SEC standardized yield as of May 31, 2025. <br> <sup>(i)</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 S&P Ultra Dividend Revenue ETF (RDIV)**

May 31, 2025

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-99.52%** | **Common Stocks & Other Equity Interests-99.52%** | **Common Stocks & Other Equity Interests-99.52%** |
| **Communication Services-7.51%** | **Communication Services-7.51%** | **Communication Services-7.51%** |
| AT&T, Inc. | 1364140 | &nbsp;&nbsp; $37923092 |
| Interpublic Group of Cos., Inc. (The) | 529783 | &nbsp;&nbsp; 12693601 |
| Nexstar Media Group, Inc., Class A<sup>(b)</sup> | 42677 | &nbsp;&nbsp; 7273014 |
|  |  | &nbsp;&nbsp; 57889707 |
| **Consumer Discretionary-10.56%** | **Consumer Discretionary-10.56%** | **Consumer Discretionary-10.56%** |
| Best Buy Co., Inc.<sup>(b)</sup> | 584940 | &nbsp;&nbsp; 38769823 |
| Macy's, Inc.<sup>(b)</sup> | 2527068 | &nbsp;&nbsp; 30046839 |
| Marriott Vacations Worldwide Corp.<sup>(b)</sup> | 111463 | &nbsp;&nbsp; 7340953 |
| Travel + Leisure Co. | 106710 | &nbsp;&nbsp; 5182905 |
|  |  | &nbsp;&nbsp; 81340520 |
| **Consumer Staples-9.42%** | **Consumer Staples-9.42%** | **Consumer Staples-9.42%** |
| Flowers Foods, Inc. | 324077 | &nbsp;&nbsp; 5476901 |
| Kraft Heinz Co. (The) | 1019041 | &nbsp;&nbsp; 27238966 |
| Philip Morris International, Inc. | 220633 | &nbsp;&nbsp; 39844114 |
|  |  | &nbsp;&nbsp; 72559981 |
| **Energy-12.85%** | **Energy-12.85%** | **Energy-12.85%** |
| APA Corp.<sup>(b)</sup> | 739903 | &nbsp;&nbsp; 12585750 |
| Chevron Corp. | 271374 | &nbsp;&nbsp; 37096826 |
| Civitas Resources, Inc. | 214824 | &nbsp;&nbsp; 5879733 |
| Kinder Morgan, Inc.<sup>(b)</sup> | 671758 | &nbsp;&nbsp; 18836094 |
| ONEOK, Inc. | 304123 | &nbsp;&nbsp; 24585303 |
|  |  | &nbsp;&nbsp; 98983706 |
| **Financials-25.18%** | **Financials-25.18%** | **Financials-25.18%** |
| Citizens Financial Group, Inc. | 405423 | &nbsp;&nbsp; 16358818 |
| Comerica, Inc. | 109590 | &nbsp;&nbsp; 6256493 |
| Huntington Bancshares, Inc. | 994118 | &nbsp;&nbsp; 15538064 |
| Invesco Ltd.<sup>(c)</sup> | 529402 | &nbsp;&nbsp; 7655153 |
| Janus Henderson Group PLC | 94875 | &nbsp;&nbsp; 3446809 |
| KeyCorp<sup>(b)</sup> | 751701 | &nbsp;&nbsp; 11921978 |
| Prudential Financial, Inc. | 365100 | &nbsp;&nbsp; 37930239 |
| Regions Financial Corp. | 555848 | &nbsp;&nbsp; 11917381 |
| T. Rowe Price Group, Inc. | 97352 | &nbsp;&nbsp; 9111174 |
| Truist Financial Corp. | 782298 | &nbsp;&nbsp; 30900771 |
| U.S. Bancorp | 939738 | &nbsp;&nbsp; 40963179 |
| United Bankshares, Inc.<sup>(b)</sup> | 55176 | &nbsp;&nbsp; 1994061 |
|  |  | &nbsp;&nbsp; 193994120 |
| **Health Care-12.77%** | **Health Care-12.77%** | **Health Care-12.77%** |
| Bristol-Myers Squibb Co. | 764269 | &nbsp;&nbsp; 36898907 |
| CVS Health Corp. | 566282 | &nbsp;&nbsp; 36264699 |
| Perrigo Co. PLC | 209253 | &nbsp;&nbsp; 5601703 |
| Viatris, Inc.<sup>(b)</sup> | 2230428 | &nbsp;&nbsp; 19605462 |
|  |  | &nbsp;&nbsp; 98370771 |
| **Industrials-3.38%** | **Industrials-3.38%** | **Industrials-3.38%** |
| CNH Industrial N.V.<sup>(b)</sup> | 2083813 | &nbsp;&nbsp; 26068501 |
| **Materials-2.60%** | **Materials-2.60%** | **Materials-2.60%** |
| Amcor PLC | 1690073 | &nbsp;&nbsp; 15396565 |
| Scotts Miracle-Gro Co. (The) | 78644 | &nbsp;&nbsp; 4684037 |
|  |  | &nbsp;&nbsp; 20080602 |
| **Real Estate-5.02%** | **Real Estate-5.02%** | **Real Estate-5.02%** |
| Agree Realty Corp. | 9469 | &nbsp;&nbsp; 713016 |
| Alexandria Real Estate Equities, Inc. | 47925 | &nbsp;&nbsp; 3363856 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Real Estate-(continued)** | **Real Estate-(continued)** | **Real Estate-(continued)** |
| Brixmor Property Group, Inc.<sup>(b)</sup> | 59158 | &nbsp;&nbsp; $1503205 |
| COPT Defense Properties<sup>(b)</sup> | 33545 | &nbsp;&nbsp; 920810 |
| Cousins Properties, Inc. | 37014 | &nbsp;&nbsp; 1038983 |
| CubeSmart | 31895 | &nbsp;&nbsp; 1363830 |
| Extra Space Storage, Inc. | 27286 | &nbsp;&nbsp; 4124279 |
| Federal Realty Investment Trust | 15034 | &nbsp;&nbsp; 1435446 |
| Host Hotels & Resorts, Inc.<sup>(b)</sup> | 489825 | &nbsp;&nbsp; 7587389 |
| Kimco Realty Corp. | 118780 | &nbsp;&nbsp; 2525263 |
| Lamar Advertising Co., Class A | 23587 | &nbsp;&nbsp; 2843177 |
| PotlatchDeltic Corp. | 32220 | &nbsp;&nbsp; 1267535 |
| Rayonier, Inc.<sup>(b)</sup> | 60332 | &nbsp;&nbsp; 1429868 |
| Simon Property Group, Inc. | 46315 | &nbsp;&nbsp; 7552587 |
| STAG Industrial, Inc. | 27778 | &nbsp;&nbsp; 988341 |
|  |  | &nbsp;&nbsp; 38657585 |
| **Utilities-10.23%** | **Utilities-10.23%** | **Utilities-10.23%** |
| AES Corp. (The) | 1441672 | &nbsp;&nbsp; 14546470 |
| ALLETE, Inc. | 27816 | &nbsp;&nbsp; 1809153 |
| Black Hills Corp. | 41546 | &nbsp;&nbsp; 2429195 |
| Edison International | 359075 | &nbsp;&nbsp; 19982524 |
| Evergy, Inc.<sup>(b)</sup> | 101211 | &nbsp;&nbsp; 6721423 |
| FirstEnergy Corp. | 376029 | &nbsp;&nbsp; 15770656 |
| NorthWestern Energy Group, Inc.<sup>(b)</sup> | 30671 | &nbsp;&nbsp; 1697026 |
| OGE Energy Corp. | 78458 | &nbsp;&nbsp; 3489027 |
| Pinnacle West Capital Corp.<sup>(b)</sup> | 64287 | &nbsp;&nbsp; 5864903 |
| Portland General Electric Co.<sup>(b)</sup> | 86538 | &nbsp;&nbsp; 3669211 |
| Spire, Inc. | 38262 | &nbsp;&nbsp; 2880363 |
|  |  | &nbsp;&nbsp; 78859951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $763,576,755) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $763,576,755) | &nbsp;&nbsp; 766805444 |
| **Money Market Funds-0.10%** | **Money Market Funds-0.10%** | **Money Market Funds-0.10%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 4.24%<sup>(c)(d)</sup> <br>(Cost $785,928)<br>| 785928 | &nbsp;&nbsp; 785928 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.62% <br>(Cost $764,362,683) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.62% <br>(Cost $764,362,683) | &nbsp;&nbsp; 767591372 |
| **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-6.55%** | **Money Market Funds-6.55%** | **Money Market Funds-6.55%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 4.29%<sup>(c)(d)(e)</sup><br>| 13970246 | &nbsp;&nbsp; 13970246 |
| Invesco Private Prime Fund, 4.45%<sup>(c)(d)(e)</sup> | 36503286 | &nbsp;&nbsp; 36510587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $50,480,833) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $50,480,833) | &nbsp;&nbsp; 50480833 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-106.17% <br>(Cost $814,843,516) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-106.17% <br>(Cost $814,843,516) | &nbsp;&nbsp; 818072205 |
| OTHER ASSETS LESS LIABILITIES-(6.17)% | OTHER ASSETS LESS LIABILITIES-(6.17)% | &nbsp;&nbsp; (47572240)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $770499965 |

---

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

------

**Invesco S&P Ultra Dividend Revenue ETF (RDIV)—(continued)**

May 31, 2025

*(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 May 31, 2025. |
| <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 May 31, 2025.<br>|

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**August 31, 2024**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Value** <br>**May 31, 2025**<br>| **Dividend Income** |
| &nbsp;&nbsp; Invesco Ltd. | &nbsp;&nbsp;&nbsp; $8268484 | &nbsp;&nbsp;&nbsp; $6403889 | &nbsp;&nbsp;&nbsp; $(6288326)<br>| &nbsp;&nbsp;&nbsp; $(1177581)<br>| &nbsp;&nbsp;&nbsp; $448687 | &nbsp;&nbsp;&nbsp; $7655153 | &nbsp;&nbsp;&nbsp; $301182 |
| **Investments in** <br> **Affiliated Money** <br> **Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government <br> & Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 35677483 | &nbsp;&nbsp;&nbsp; (34891555)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 785928 | &nbsp;&nbsp;&nbsp; 23513 |
| **Investments** <br> **Purchased with Cash** <br> **Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; 7109402 | &nbsp;&nbsp;&nbsp; 348611836 | &nbsp;&nbsp;&nbsp; (341750992)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 13970246 | &nbsp;&nbsp;&nbsp; 751,107<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime <br> Fund<br>| &nbsp;&nbsp;&nbsp; 18926958 | &nbsp;&nbsp;&nbsp; 743759686 | &nbsp;&nbsp;&nbsp; (726161586)<br>| &nbsp;&nbsp;&nbsp; (318)<br>| &nbsp;&nbsp;&nbsp; (14153)<br>| &nbsp;&nbsp;&nbsp; 36510587 | &nbsp;&nbsp;&nbsp; 1,987,275<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $34304844 | &nbsp;&nbsp;&nbsp; $1134452894 | &nbsp;&nbsp;&nbsp; $(1109092459)<br>| &nbsp;&nbsp;&nbsp; $(1177899)<br>| &nbsp;&nbsp;&nbsp; $434534 | &nbsp;&nbsp;&nbsp; $58921914 | &nbsp;&nbsp;&nbsp; $3063077 |

---

&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 May 31, 2025. <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**

May 31, 2025

*(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 May 31, 2025. 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 S&P 500 Revenue ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $5491990552 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $5491990552 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 58058641 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 58058641 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $5491990552 | &nbsp;&nbsp;&nbsp; $58058641 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $5550049193 |
| &nbsp;&nbsp; Invesco S&P MidCap 400 Revenue ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $803112775 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $803112775 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 558472 | &nbsp;&nbsp;&nbsp; 127632245 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 128190717 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $803671247 | &nbsp;&nbsp;&nbsp; $127632245 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $931303492 |
| &nbsp;&nbsp; Invesco S&P SmallCap 600 Revenue ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $1466370875 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $1466370875 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 568983 | &nbsp;&nbsp;&nbsp; 306576861 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 307145844 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $1466939858 | &nbsp;&nbsp;&nbsp; $306576861 | &nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $1773516719 |
| &nbsp;&nbsp; Invesco S&P Ultra Dividend Revenue ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $766805444 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $766805444 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 785928 | &nbsp;&nbsp;&nbsp; 50480833 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 51266761 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $767591372 | &nbsp;&nbsp;&nbsp; $50480833 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $818072205 |

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Downers Grove

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60515

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

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

- **a. Name of Series:** Invesco S&P 500 Revenue ETF

- **b. EDGAR series identifier (if any):** S000064593

- **c. LEI of Series:** 549300G2ZSGHHWSMXN54

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**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:** $5557488293.91

**Total Liabilities:** $60148053.30

**Net Assets:** $5497340240.61

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000209110 | -2.94%               | -2.19%               | 3.63%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-21476618.37            | $-134690912.19                             |
| Month 2  | $37432670.89             | $-162230525.80                             |
| Month 3  | $13649642.69             | $166754095.25                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MGM Resorts International                      | MGM Resorts International                      | CUSIP: 552953101<br>LEI: 54930066VBP7DZEGGJ87 | Long             | EC               | CORP              | US        |    165438 | NS      | $5236112.70   | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Archer-Daniels-Midland Co.                     | Archer-Daniels-Midland Co.                     | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |    541801 | NS      | $26152734.27  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co. (The)                               | Boeing Co. (The)                               | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |    124962 | NS      | $25907121.84  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Erie Indemnity Co.                             | Erie Indemnity Co., Class A                    | CUSIP: 29530P102<br>LEI: 549300WA5KP94KRUFZ80 | Long             | EC               | CORP              | US        |      2672 | NS      | $957938.72    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Ford Motor Co.                                 | Ford Motor Co.                                 | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |   5759830 | NS      | $59787035.40  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Interpublic Group of Cos., Inc. (The)          | Interpublic Group of Cos., Inc. (The)          | CUSIP: 460690100<br>LEI: 5493008IUOJ5VWTRC333 | Long             | EC               | CORP              | US        |    120624 | NS      | $2890151.04   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software, Inc.            | Take-Two Interactive Software, Inc.            | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |      7927 | NS      | $1793721.56   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co.                           | General Electric Co.                           | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     70069 | NS      | $17230667.79  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals, Inc.                           | United Rentals, Inc.                           | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |      7499 | NS      | $5312141.62   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CarMax, Inc.                                   | CarMax, Inc.                                   | CUSIP: 143130102<br>LEI: 529900F60CID3NCZM330 | Long             | EC               | CORP              | US        |    106498 | NS      | $6864861.08   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand Inc.                            | Ingersoll Rand Inc.                            | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |     26391 | NS      | $2154561.24   | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| International Flavors & Fragrances Inc.        | International Flavors & Fragrances Inc.        | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               | CORP              | US        |     42954 | NS      | $3288558.24   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliant Energy Corp.                           | Alliant Energy Corp.                           | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |     19066 | NS      | $1186477.18   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc.                                     | Adobe Inc.                                     | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     14953 | NS      | $6206840.77   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Campbell's Co. (The)                           | Campbell's Co. (The)                           | CUSIP: 134429109<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | EC               | CORP              | US        |     78012 | NS      | $2655528.48   | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Gen Digital Inc.                               | Gen Digital Inc.                               | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |     43355 | NS      | $1234750.40   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Clorox Co. (The)                               | Clorox Co. (The)                               | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |     14477 | NS      | $1909226.76   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Inc.                     | Huntington Bancshares Inc.                     | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |    242385 | NS      | $3788477.55   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines Holdings, Inc.                 | United Airlines Holdings, Inc.                 | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |    234945 | NS      | $18665205.53  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash, Inc.                                 | DoorDash, Inc., Class A                        | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |     17004 | NS      | $3547884.60   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne, Inc.                                 | Teradyne, Inc.                                 | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |      9615 | NS      | $755739.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles River Laboratories International, Inc. | Charles River Laboratories International, Inc. | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               | CORP              | US        |      7039 | NS      | $954699.57    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| CVS Health Corp.                               | CVS Health Corp.                               | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |   1716130 | NS      | $109900965.20 | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralph Lauren Corp.                             | Ralph Lauren Corp.                             | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |      9156 | NS      | $2534472.36   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Loews Corp.                                    | Loews Corp.                                    | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |     62042 | NS      | $5539730.18   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                            | Cisco Systems, Inc.                            | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    267333 | NS      | $16852672.32  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| UDR, Inc.                                      | UDR, Inc.                                      | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               | CORP              | US        |     11542 | NS      | $478185.06    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                                 | Citigroup Inc.                                 | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |    750814 | NS      | $56551310.48  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp.                            | Valero Energy Corp.                            | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |    309689 | NS      | $39940590.33  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co.                         | Southwest Airlines Co.                         | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |    271554 | NS      | $9064472.52   | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| L3Harris Technologies, Inc.                    | L3Harris Technologies, Inc.                    | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |     30355 | NS      | $7416940.70   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software, Inc.                          | Paycom Software, Inc.                          | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |      2689 | NS      | $696693.01    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Kellanova                                      | Kellanova                                      | CUSIP: 487836108<br>LEI: LONOZNOJYIBXOHXWDB86 | Long             | EC               | CORP              | US        |     46057 | NS      | $3805689.91   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly and Co.                              | Eli Lilly and Co.                              | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     16345 | NS      | $12057216.15  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                                  | Chevron Corp.                                  | CUSIP: 166764100<br>LEI: LJOF0JWZSCIUPEC3LQ45 | Long             | EC               | CORP              | US        |    378437 | NS      | $51732337.90  | 0.94%             |  |  |  | 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        |    146883 | NS      | $13015302.63  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce, Inc.                               | Salesforce, Inc.                               | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     39763 | NS      | $10551907.31  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co.                              | Wells Fargo & Co.                              | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |    547212 | NS      | $40920513.36  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp.                                      | KLA Corp.                                      | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      4768 | NS      | $3608803.84   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp.                                  | Moody's Corp.                                  | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |      4751 | NS      | $2277249.32   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc.                  | Thermo Fisher Scientific Inc.                  | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |     24919 | NS      | $10037871.58  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co.                           | American Express Co.                           | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     84889 | NS      | $24961610.45  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc.                   | Honeywell International Inc.                   | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     55746 | NS      | $12635945.82  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Revvity, Inc.                                  | Revvity, Inc.                                  | CUSIP: 714046109<br>LEI: 549300IKL1SDPFI7N655 | Long             | EC               | CORP              | US        |      7313 | NS      | $661241.46    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Mosaic Co. (The)                               | Mosaic Co. (The)                               | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |    134007 | NS      | $4843012.98   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                         | Trane Technologies PLC                         | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |     17385 | NS      | $7480243.95   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                                  | Netflix, Inc.                                  | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     12591 | NS      | $15200232.93  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Co.                                         | 3M Co.                                         | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |     52562 | NS      | $7797572.70   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Global Management, Inc.                 | Apollo Global Management, Inc.                 | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |     58051 | NS      | $7586685.19   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison, Inc.                      | Consolidated Edison, Inc.                      | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |     44188 | NS      | $4617204.12   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                           | JPMorgan Chase & Co.                           | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    370354 | NS      | $97773456.00  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ Corp.                                      | LKQ Corp.                                      | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |    100340 | NS      | $4060759.80   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Kenvue Inc.                                    | Kenvue Inc.                                    | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |    199272 | NS      | $4756622.64   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores, Inc.                              | Ross Stores, Inc.                              | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |     49679 | NS      | $6959531.11   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health, Inc.                          | Elevance Health, Inc.                          | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |    128466 | NS      | $49310389.44  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp.                          | Western Digital Corp.                          | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |    108027 | NS      | $5568791.85   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp.                                  | Centene Corp.                                  | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |    833228 | NS      | $47027388.32  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp.                            | Expand Energy Corp.                            | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |     12571 | NS      | $1459870.23   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc.                                      | AT&T Inc.                                      | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |   1420843 | NS      | $39499435.40  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc.                                   | Cummins Inc.                                   | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |     30811 | NS      | $9905120.28   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare, Inc.                           | HCA Healthcare, Inc.                           | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |     67325 | NS      | $25677081.75  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp.                               | McDonald's Corp.                               | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |     25760 | NS      | $8084776.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp.                                      | EQT Corp.                                      | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |     31763 | NS      | $1751094.19   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Services, Inc.                | Universal Health Services, Inc., Class B       | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |     28253 | NS      | $5377958.55   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp.                                   | Lennar Corp., Class A                          | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |     79865 | NS      | $8472079.20   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| GoDaddy Inc.                                   | GoDaddy Inc., Class A                          | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |      7830 | NS      | $1426234.50   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp.                              | Duke Energy Corp.                              | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |     77435 | NS      | $9115648.20   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange, Inc.                | Intercontinental Exchange, Inc.                | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     19502 | NS      | $3506459.60   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc.                    | Vertex Pharmaceuticals Inc.                    | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      6591 | NS      | $2913551.55   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar Tree, Inc.                              | Dollar Tree, Inc.                              | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |    150503 | NS      | $13584400.78  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK, Inc.                                    | ONEOK, Inc.                                    | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |     69414 | NS      | $5611427.76   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                              | Exxon Mobil Corp.                              | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    929964 | NS      | $95135317.20  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| CenterPoint Energy, Inc.                       | CenterPoint Energy, Inc.                       | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |     74376 | NS      | $2769762.24   | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Corteva, Inc.                                  | Corteva, Inc.                                  | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |     85208 | NS      | $6032726.40   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Amentum Holdings, Inc.                         | Amentum Holdings, Inc.                         | CUSIP: 023939101<br>LEI: 2549009FJIBLW40CU216 | Long             | EC               | CORP              | US        |      2133 | NS      | $44067.78     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Generac Holdings Inc.                          | Generac Holdings Inc.                          | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |      9690 | NS      | $1183439.70   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla, Inc.                                    | Tesla, Inc.                                    | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |    117617 | NS      | $40749585.82  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bancorp                                   | U.S. Bancorp                                   | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |    302516 | NS      | $13186672.44  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys, Inc.                                 | Synopsys, Inc.                                 | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      4179 | NS      | $1938972.42   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar, Inc.                              | First Solar, Inc.                              | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |      9175 | NS      | $1450384.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| D.R. Horton, Inc.                              | D.R. Horton, Inc.                              | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |     85213 | NS      | $10060246.78  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp.                                | Albemarle Corp.                                | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |     21955 | NS      | $1224210.80   | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Corning Inc.                                   | Corning Inc.                                   | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |     85971 | NS      | $4263301.89   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| C.H. Robinson Worldwide, Inc.                  | C.H. Robinson Worldwide, Inc.                  | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |     54788 | NS      | $5258004.36   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq, Inc.                                   | Nasdaq, Inc.                                   | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |     30154 | NS      | $2519065.16   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corp.                                    | Nucor Corp.                                    | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |     69836 | NS      | $7637264.96   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group, Inc.                               | CBRE Group, Inc., Class A                      | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |     83955 | NS      | $10496054.10  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| GE HealthCare Technologies Inc.                | GE HealthCare Technologies Inc.                | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |     69807 | NS      | $4924185.78   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corp. of America                     | Packaging Corp. of America                     | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |     12653 | NS      | $2444180.01   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Otis Worldwide Corp.                           | Otis Worldwide Corp.                           | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |     42491 | NS      | $4051516.85   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Henry Schein, Inc.                             | Henry Schein, Inc.                             | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Long             | EC               | CORP              | US        |     53906 | NS      | $3772880.94   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| State Street Corp.                             | State Street Corp.                             | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |     73435 | NS      | $7070321.80   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora, Inc.                                  | Cencora, Inc.                                  | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |    356381 | NS      | $103792402.44 | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc.                                      | eBay Inc.                                      | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |     47225 | NS      | $3455453.25   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co. (The)                          | Walt Disney Co. (The)                          | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |    278186 | NS      | $31446145.44  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Conagra Brands, Inc.                           | Conagra Brands, Inc.                           | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |    136919 | NS      | $3134075.91   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co.                       | Bristol-Myers Squibb Co.                       | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |    241182 | NS      | $11644266.96  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions, Inc.           | Broadridge Financial Solutions, Inc.           | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |      8823 | NS      | $2142489.09   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals, Inc.                | Regeneron Pharmaceuticals, Inc.                | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |      6142 | NS      | $3011299.76   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Darden Restaurants, Inc.                       | Darden Restaurants, Inc.                       | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |     18111 | NS      | $3879557.31   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow, Inc.                               | ServiceNow, Inc.                               | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      3893 | NS      | $3936173.37   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Gartner, Inc.                                  | Gartner, Inc.                                  | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |      4066 | NS      | $1774483.72   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Rollins, Inc.                                  | Rollins, Inc.                                  | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |     19917 | NS      | $1140248.25   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                                    | Phillips 66                                    | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |    344822 | NS      | $39130400.56  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp.                           | American Tower Corp.                           | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |     15532 | NS      | $3333943.80   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortive Corp.                                  | Fortive Corp.                                  | CUSIP: 34959J108<br>LEI: 549300MU9YQJYHDQEF63 | Long             | EC               | CORP              | US        |     25126 | NS      | $1763593.94   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife, Inc.                                  | MetLife, Inc.                                  | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |    267466 | NS      | $21017478.28  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp.                                  | Danaher Corp.                                  | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     34648 | NS      | $6579655.20   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp. (The)                     | Charles Schwab Corp. (The)                     | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |    104182 | NS      | $9203437.88   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Host Hotels & Resorts, Inc.                    | Host Hotels & Resorts, Inc.                    | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               | CORP              | US        |    111831 | NS      | $1732262.19   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp.                         | Costco Wholesale Corp.                         | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |     85057 | NS      | $88474590.26  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc.                                 | CME Group Inc., Class A                        | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      7078 | NS      | $2045542.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb, Inc.                                   | Airbnb, Inc., Class A                          | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |     26090 | NS      | $3365610.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Walgreens Boots Alliance, Inc.                 | Walgreens Boots Alliance, Inc.                 | CUSIP: 931427108<br>LEI: 549300RPTUOIXG4LIH86 | Long             | EC               | CORP              | US        |   4010975 | NS      | $45123468.75  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences, Inc.                          | Gilead Sciences, Inc.                          | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     74905 | NS      | $8245542.40   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Molson Coors Beverage Co.                      | Molson Coors Beverage Co., Class B             | CUSIP: 60871R209<br>LEI: 54930073LBBH6ZCBE225 | Long             | EC               | CORP              | US        |     58250 | NS      | $3121617.50   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc.                        | UnitedHealth Group Inc.                        | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |    248471 | NS      | $75015879.61  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| J. M. Smucker Co. (The)                        | J. M. Smucker Co. (The)                        | CUSIP: 832696405<br>LEI: 5493000WDH6A0LHDJD55 | Long             | EC               | CORP              | US        |     23554 | NS      | $2652415.94   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co.                          | Colgate-Palmolive Co.                          | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     65794 | NS      | $6114894.36   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Dayforce, Inc.                                 | Dayforce, Inc.                                 | CUSIP: 15677J108<br>LEI: 549300T64GVCHFJ8L449 | Long             | EC               | CORP              | US        |      9857 | NS      | $582351.56    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Philip Morris International Inc.               | Philip Morris International Inc.               | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     74491 | NS      | $13452329.69  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy, Inc.                       | Diamondback Energy, Inc.                       | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     22427 | NS      | $3017552.85   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                      | Linde PLC                                      | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |     21862 | NS      | $10222233.96  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Inc.                                   | Hubbell Inc.                                   | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |      4975 | NS      | $1938160.50   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc.                 | Hilton Worldwide Holdings Inc.                 | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |     14576 | NS      | $3621261.44   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Group Inc.                           | TransDigm Group Inc.                           | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1844 | NS      | $2707784.92   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Aflac Inc.                                     | Aflac Inc.                                     | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |     53787 | NS      | $5569105.98   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                                 | ConocoPhillips                                 | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |    166685 | NS      | $14226564.75  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Caesars Entertainment, Inc.                    | Caesars Entertainment, Inc.                    | CUSIP: 12769G100<br>LEI: 549300FA4CTCW903Y781 | Long             | EC               | CORP              | US        |    122381 | NS      | $3289601.28   | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Marsh & McLennan Cos., Inc.                    | Marsh & McLennan Cos., Inc.                    | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |     31704 | NS      | $7407956.64   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Insurance Group, Inc. (The)           | Hartford Insurance Group, Inc. (The)           | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |     68511 | NS      | $8895468.24   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties, Inc.                    | Healthpeak Properties, Inc.                    | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               | CORP              | US        |     39732 | NS      | $691734.12    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Incyte Corp.                                   | Incyte Corp.                                   | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |     18661 | NS      | $1214084.66   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies, Inc.                    | Keysight Technologies, Inc.                    | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |      9990 | NS      | $1568829.60   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co., Inc.                      | Church & Dwight Co., Inc.                      | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |     16688 | NS      | $1640597.28   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments Inc.                           | Global Payments Inc.                           | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |     32361 | NS      | $2446815.21   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| VeriSign, Inc.                                 | VeriSign, Inc.                                 | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |      1974 | NS      | $537855.78    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                                  | Alphabet Inc., Class A                         | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    312549 | NS      | $53677165.26  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy, Inc.                          | Dominion Energy, Inc.                          | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |     79444 | NS      | $4502091.48   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                               | Amazon.com, Inc.                               | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    957685 | NS      | $196335001.85 | 3.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Ingalls Industries, Inc.            | Huntington Ingalls Industries, Inc.            | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |     17872 | NS      | $3986528.32   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                                   | Oracle Corp.                                   | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |    110298 | NS      | $18257627.94  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp.                        | Boston Scientific Corp.                        | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |     51672 | NS      | $5438994.72   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Baxter International Inc.                      | Baxter International Inc.                      | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | EC               | CORP              | US        |    111100 | NS      | $3388550.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc.                                    | AbbVie Inc.                                    | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     79248 | NS      | $14748845.28  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp.                           | Dollar General Corp.                           | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |    160105 | NS      | $15570211.25  | 0.28%             |  |  |  | No            |                  1 | On Loan: —       |
| A.O. Smith Corp.                               | A.O. Smith Corp.                               | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |     17302 | NS      | $1112691.62   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International PLC             | Johnson Controls International PLC             | CUSIP: G51502105<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | IE        |     97229 | NS      | $9856103.73   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks, Inc.                       | Palo Alto Networks, Inc.                       | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |     14242 | NS      | $2740445.64   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential Financial, Inc.                     | Prudential Financial, Inc.                     | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |    197988 | NS      | $20568973.32  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Trust Corp.                           | Northern Trust Corp.                           | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |     46878 | NS      | $5003757.72   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp.                                   | Target Corp.                                   | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |    296351 | NS      | $27859957.51  | 0.51%             |  |  |  | No            |                  1 | On Loan: —       |
| Trimble Inc.                                   | Trimble Inc.                                   | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |     16219 | NS      | $1155928.13   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc.                          | WEC Energy Group Inc.                          | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |     24398 | NS      | $2621321.12   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR Inc.                                    | PACCAR Inc.                                    | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |     97802 | NS      | $9178717.70   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock, Inc.                                | Blackrock, Inc.                                | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |      6846 | NS      | $6708326.94   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc.                       | Lululemon Athletica Inc.                       | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |      9647 | NS      | $3054915.49   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices, Inc.                   | Advanced Micro Devices, Inc.                   | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     76082 | NS      | $8424559.86   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp.                                  | Comcast Corp., Class A                         | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |   1048984 | NS      | $36263376.88  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp.                       | SBA Communications Corp., Class A              | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |      3708 | NS      | $859848.12    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Northrop Grumman Corp.                         | Northrop Grumman Corp.                         | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |     25807 | NS      | $12510459.39  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| BXP, Inc.                                      | BXP, Inc.                                      | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               | CORP              | US        |     15329 | NS      | $1032101.57   | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| PulteGroup, Inc.                               | PulteGroup, Inc.                               | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51578 | NS      | $5056191.34   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk, Inc.                                 | Autodesk, Inc.                                 | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      7189 | NS      | $2128806.68   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc.                          | Keurig Dr Pepper Inc.                          | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |    139142 | NS      | $4684911.14   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions, Inc.                       | Motorola Solutions, Inc.                       | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      7828 | NS      | $3251594.64   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co.                           | Emerson Electric Co.                           | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |     47115 | NS      | $5624588.70   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries, Inc.                           | PPG Industries, Inc.                           | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |     46610 | NS      | $5164388.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc.                                      | Visa Inc., Class A                             | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     33009 | NS      | $12054556.71  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos., Inc. (The)                           | TJX Cos., Inc. (The)                           | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |    145781 | NS      | $18499608.90  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp.                           | Kimberly-Clark Corp.                           | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |     42652 | NS      | $6131651.52   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday, Inc.                                  | Workday, Inc., Class A                         | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |     10386 | NS      | $2572716.06   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corp.                                      | Fox Corp., Class B                             | CUSIP: 35137L204<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |     46581 | NS      | $2342092.68   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NVR, Inc.                                      | NVR, Inc.                                      | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |       421 | NS      | $2995806.53   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc.                                      | MSCI Inc.                                      | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |      1583 | NS      | $892843.66    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems, Inc.                 | Monolithic Power Systems, Inc.                 | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |      1168 | NS      | $773099.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp.                                  | Newmont Corp.                                  | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |    126989 | NS      | $6694860.08   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Biogen Inc.                                    | Biogen Inc.                                    | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |     19654 | NS      | $2550892.66   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| News Corp.                                     | News Corp., Class A                            | CUSIP: 65249B109<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |     51860 | NS      | $1464526.40   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CoStar Group, Inc.                             | CoStar Group, Inc.                             | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Long             | EC               | CORP              | US        |     10599 | NS      | $779662.44    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Jacobs Solutions Inc.                          | Jacobs Solutions Inc.                          | CUSIP: 46982L108<br>LEI: 549300CZ8QS1GE53O776 | Long             | EC               | CORP              | US        |     35164 | NS      | $4441213.20   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp. (The)                           | Allstate Corp. (The)                           | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |     96466 | NS      | $20245319.42  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Snap-on Inc.                                   | Snap-on Inc.                                   | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |      4653 | NS      | $1492449.75   | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Cadence Design Systems, Inc.                   | Cadence Design Systems, Inc.                   | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |      5800 | NS      | $1665006.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                             | Altria Group, Inc.                             | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |    105137 | NS      | $6372353.57   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Solventum Corp.                                | Solventum Corp.                                | CUSIP: 83444M101<br>LEI: 254900I70403OSGY4M28 | Long             | EC               | CORP              | US        |     33140 | NS      | $2422202.60   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage Inc.                       | Extra Space Storage Inc.                       | CUSIP: 30225T102<br>LEI: 529900SDJHKRQWED6A16 | Long             | EC               | CORP              | US        |      6492 | NS      | $981265.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp.                         | Norfolk Southern Corp.                         | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |     15594 | NS      | $3853589.28   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| HP Inc.                                        | HP Inc.                                        | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |    561697 | NS      | $13986255.30  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| EPAM Systems, Inc.                             | EPAM Systems, Inc.                             | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |      7394 | NS      | $1290179.06   | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| ON Semiconductor Corp.                         | ON Semiconductor Corp.                         | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |     49188 | NS      | $2066879.76   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc.                                  | Broadcom Inc.                                  | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     83764 | NS      | $20276751.48  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corp.                                     | PG&E Corp.                                     | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |    447724 | NS      | $7557581.12   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical, Inc.                       | Intuitive Surgical, Inc.                       | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      5031 | NS      | $2778822.54   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle West Capital Corp.                    | Pinnacle West Capital Corp.                    | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |     16734 | NS      | $1526642.82   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmos Energy Corp.                             | Atmos Energy Corp.                             | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |      8463 | NS      | $1309056.84   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Assurant, Inc.                                 | Assurant, Inc.                                 | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |     17518 | NS      | $3555803.64   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamb Weston Holdings, Inc.                     | Lamb Weston Holdings, Inc.                     | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Long             | EC               | CORP              | US        |     36673 | NS      | $2045619.94   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.                        | Berkshire Hathaway Inc., Class B               | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |    223603 | NS      | $112686967.88 | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings, Inc.                          | Leidos Holdings, Inc.                          | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |     37084 | NS      | $5507715.68   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation, Inc.                      | Rockwell Automation, Inc.                      | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |      9167 | NS      | $2892646.85   | 0.05%             |  |  |  | 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        |     59247 | NS      | $10297721.07  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing, Inc.                | Automatic Data Processing, Inc.                | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |     20098 | NS      | $6542501.94   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp.                             | Lam Research Corp.                             | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     62943 | NS      | $5085164.97   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions, Inc.                       | Skyworks Solutions, Inc.                       | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |     17715 | NS      | $1222866.45   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy, Inc.                                   | Evergy, Inc.                                   | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |     26121 | NS      | $1734695.61   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services, Inc.                          | Quanta Services, Inc.                          | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |     28262 | NS      | $9681430.72   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan, Inc.                            | Kinder Morgan, Inc.                            | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    169049 | NS      | $4740133.96   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Akamai Technologies, Inc.                      | Akamai Technologies, Inc.                      | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |     14913 | NS      | $1132344.09   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group, Inc.                            | Expedia Group, Inc.                            | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |     25095 | NS      | $4184591.25   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications, Inc.                   | Charter Communications, Inc., Class A          | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |     46997 | NS      | $18623501.19  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Aptiv PLC                                      | Aptiv PLC                                      | CUSIP: G3265R107<br>LEI: 254900HTTDFIJZ32GX53 | Long             | EC               | CORP              | JE        |     91920 | NS      | $6141175.20   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries N.V.                 | LyondellBasell Industries N.V., Class A        | CUSIP: N53745100<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               | CORP              | NL        |    166935 | NS      | $9430158.15   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co.                               | Baker Hughes Co., Class A                      | CUSIP: 05722G100<br>LEI: 549300XU3XH6F05YEQ93 | Long             | EC               | CORP              | US        |    194858 | NS      | $7219488.90   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordson Corp.                                  | Nordson Corp.                                  | CUSIP: 655663102<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | EC               | CORP              | US        |      3900 | NS      | $826761.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC Inc.                                       | PTC Inc.                                       | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |      4381 | NS      | $737409.92    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra                                         | Sempra                                         | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |     55911 | NS      | $4394045.49   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                             | Equity Residential                             | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |     12785 | NS      | $896739.90    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp.                               | Bio-Techne Corp.                               | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |      5930 | NS      | $287012.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos., Inc. (The)                      | Williams Cos., Inc. (The)                      | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     56789 | NS      | $3436302.39   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials, Inc.                | Martin Marietta Materials, Inc.                | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |      4190 | NS      | $2294234.50   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Arthur J. Gallagher & Co.                      | Arthur J. Gallagher & Co.                      | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |     10479 | NS      | $3640823.76   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co. (The)                            | Coca-Cola Co. (The)                            | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |    199525 | NS      | $14385752.50  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                 | Morgan Stanley                                 | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |    271099 | NS      | $34708804.97  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PLC                | Seagate Technology Holdings PLC                | CUSIP: G7997R103<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | IE        |     27580 | NS      | $3252785.20   | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Lockheed Martin Corp.                          | Lockheed Martin Corp.                          | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |     45925 | NS      | $22153301.50  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp.                               | CMS Energy Corp.                               | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |     31359 | NS      | $2202342.57   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                  | Accenture PLC, Class A                         | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |     61043 | NS      | $19339643.26  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Equifax Inc.                                   | Equifax Inc.                                   | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |      7036 | NS      | $1858840.84   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc.                               | Xcel Energy Inc.                               | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     58195 | NS      | $4079469.50   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp.                                      | APA Corp.                                      | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |    147383 | NS      | $2506984.83   | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Simon Property Group, Inc.                     | Simon Property Group, Inc.                     | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |     10702 | NS      | $1745175.14   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Wabtec Corp.                                   | Wabtec Corp.                                   | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |     17545 | NS      | $3549704.40   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services, Inc.                        | Republic Services, Inc.                        | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |     20716 | NS      | $5330019.64   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp.                            | Union Pacific Corp.                            | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     30369 | NS      | $6731592.54   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US, Inc.                              | T-Mobile US, Inc.                              | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |     95012 | NS      | $23011906.40  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp.                                  | Entergy Corp.                                  | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |     42780 | NS      | $3562718.40   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros. Discovery, Inc.                   | Warner Bros. Discovery, Inc.                   | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |   1126192 | NS      | $11228134.24  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co. Inc.                                 | KKR & Co. Inc., Class A                        | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |     60806 | NS      | $7385496.76   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials, Inc.                        | Applied Materials, Inc.                        | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     55382 | NS      | $8681128.50   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust, Inc.                     | Essex Property Trust, Inc.                     | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |      1817 | NS      | $515846.30    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Corpay, Inc.                                   | Corpay, Inc.                                   | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |      3573 | NS      | $1161618.03   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                | Goldman Sachs Group, Inc. (The)                | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |     70367 | NS      | $42251865.15  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix, Inc.                                  | Equinix, Inc.                                  | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      3049 | NS      | $2710012.18   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp.                                   | Vistra Corp.                                   | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |     47288 | NS      | $7593034.16   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton, Dickinson and Co.                      | Becton, Dickinson and Co.                      | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |     27458 | NS      | $4738976.22   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC                            | TE Connectivity PLC                            | CUSIP: G87052109<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |     32909 | NS      | $5267743.63   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp.                                      | CSX Corp.                                      | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |    146304 | NS      | $4621743.36   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy, Inc.                               | NRG Energy, Inc.                               | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |     90727 | NS      | $14144339.30  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis, Inc.                                 | Prologis, Inc.                                 | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     21103 | NS      | $2291785.80   | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Alphabet Inc.                                  | Alphabet Inc., Class C                         | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    309049 | NS      | $53419119.65  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods, Inc.                              | Tyson Foods, Inc., Class A                     | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |    266018 | NS      | $14939570.88  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc.                                   | Walmart Inc.                                   | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |   2386198 | NS      | $235565466.56 | 4.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands, Inc.                     | Constellation Brands, Inc., Class A            | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |     16509 | NS      | $2943389.61   | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Paychex, Inc.                                  | Paychex, Inc.                                  | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |     11007 | NS      | $1738115.37   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                                   | NVIDIA Corp.                                   | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    336752 | NS      | $45505297.76  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Labcorp Holdings Inc.                          | Labcorp Holdings Inc.                          | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16378 | NS      | $4077630.66   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden Property Trust                          | Camden Property Trust                          | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |      3922 | NS      | $460795.78    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International, Inc.                   | Marriott International, Inc., Class A          | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |     30609 | NS      | $8075572.47   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Textron Inc.                                   | Textron Inc.                                   | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               | CORP              | US        |     56055 | NS      | $4149751.65   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc.                           | Electronic Arts Inc.                           | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |     16001 | NS      | $2300623.78   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group, Inc.             | American International Group, Inc.             | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |    124315 | NS      | $10522021.60  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp.                                  | Stryker Corp.                                  | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |     18529 | NS      | $7089936.56   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life Inc.                                | Globe Life Inc.                                | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |     14004 | NS      | $1706667.48   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial, Inc.                  | Raymond James Financial, Inc.                  | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |     32377 | NS      | $4758771.46   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings, Inc.                          | PayPal Holdings, Inc.                          | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |    138431 | NS      | $9728930.68   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                          | Bank of America Corp.                          | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |   1488215 | NS      | $65674927.95  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co.                             | General Motors Co.                             | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |   1168483 | NS      | $57968441.63  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Hologic, Inc.                                  | Hologic, Inc.                                  | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |     19655 | NS      | $1221951.35   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot, Inc. (The)                         | Home Depot, Inc. (The)                         | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |    130614 | NS      | $48103830.06  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc.                              | Merck & Co., Inc.                              | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    204489 | NS      | $15712934.76  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp.                       | Marathon Petroleum Corp.                       | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |    301693 | NS      | $48494132.82  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks, Inc.                          | Arista Networks, Inc.                          | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     25958 | NS      | $2249001.12   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Global                               | Paramount Global, Class B                      | CUSIP: 92556H206<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | EC               | CORP              | US        |    750225 | NS      | $9077722.50   | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| Insulet Corp.                                  | Insulet Corp.                                  | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |      2468 | NS      | $802174.04    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Pentair PLC                                    | Pentair PLC                                    | CUSIP: G7S00T104<br>LEI: 549300EVR9D56WPSRP15 | Long             | EC               | CORP              | IE        |     14236 | NS      | $1411926.48   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Ltd.                                   | Invesco Ltd.                                   | CUSIP: G491BT108<br>LEI: ECPGFXU8A2SHKVVGJI15 | Long             | EC               | CORP              | BM        |    117193 | NS      | $1694610.78   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc.                          | Freeport-McMoRan Inc.                          | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |    203230 | NS      | $7820290.40   | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Moderna, Inc.                                  | Moderna, Inc.                                  | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Long             | EC               | CORP              | US        |     27519 | NS      | $730904.64    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| FirstEnergy Corp.                              | FirstEnergy Corp.                              | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |    104833 | NS      | $4396696.02   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp.                                   | Cintas Corp.                                   | CUSIP: 172908105<br>LEI: 549300E27V6N4OJCJ944 | Long             | EC               | CORP              | US        |     15374 | NS      | $3482211.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corp.                                      | Fox Corp., Class A                             | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |     43167 | NS      | $2371594.98   | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Franklin Resources, Inc.                       | Franklin Resources, Inc.                       | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |    134376 | NS      | $2907896.64   | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Cincinnati Financial Corp.                     | Cincinnati Financial Corp.                     | CUSIP: 172062101<br>LEI: 254900Q4WEDMZBOZ0002 | Long             | EC               | CORP              | US        |     24082 | NS      | $3632047.24   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| YUM! Brands, Inc.                              | YUM! Brands, Inc.                              | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |     14568 | NS      | $2096917.92   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms, Inc.                           | Meta Platforms, Inc., Class A                  | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     79285 | NS      | $51336244.65  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet, Inc.                                 | Fortinet, Inc.                                 | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |     18058 | NS      | $1837943.24   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equities, Inc.          | Alexandria Real Estate Equities, Inc.          | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |      9378 | NS      | $658241.82    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo, Inc.                                  | PepsiCo, Inc.                                  | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |    184947 | NS      | $24311283.15  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International, Inc.                   | Mondelez International, Inc., Class A          | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |    167555 | NS      | $11308286.95  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Regency Centers Corp.                          | Regency Centers Corp.                          | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               | CORP              | US        |      6037 | NS      | $435569.55    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc.                                    | Ecolab Inc.                                    | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |     18307 | NS      | $4862705.34   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Dow Inc.                                       | Dow Inc.                                       | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Long             | EC               | CORP              | US        |    359095 | NS      | $9961295.30   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                           | Edison International                           | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |     94302 | NS      | $5247906.30   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corp.                                    | Masco Corp.                                    | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |     32724 | NS      | $2042632.08   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Wynn Resorts, Ltd.                             | Wynn Resorts, Ltd.                             | CUSIP: 983134107<br>LEI: 254900CEKKWIHTEAB172 | Long             | EC               | CORP              | US        |     24710 | NS      | $2237243.40   | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Jack Henry & Associates, Inc.                  | Jack Henry & Associates, Inc.                  | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |      3923 | NS      | $710729.91    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hormel Foods Corp.                             | Hormel Foods Corp.                             | CUSIP: 440452100<br>LEI: MSD54751OJP1FS2ND863 | Long             | EC               | CORP              | US        |    121264 | NS      | $3720379.52   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp.                                    | FedEx Corp.                                    | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |    107068 | NS      | $23351530.80  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co.                             | Tractor Supply Co.                             | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |     84543 | NS      | $4091881.20   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Targa Resources Corp.                          | Targa Resources Corp.                          | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |     26422 | NS      | $4172826.46   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Dover Corp.                                    | Dover Corp.                                    | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |     13380 | NS      | $2378295.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co. (The)                     | Sherwin-Williams Co. (The)                     | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |     19633 | NS      | $7044516.73   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp.                          | Parker-Hannifin Corp.                          | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |      9669 | NS      | $6426984.30   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Pool Corp.                                     | Pool Corp.                                     | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |      4722 | NS      | $1419385.98   | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Lowe's Cos., Inc.                              | Lowe's Cos., Inc.                              | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |    109325 | NS      | $24677932.25  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| AES Corp. (The)                                | AES Corp. (The)                                | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |    308656 | NS      | $3114339.04   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Private Prime Fund                     | Invesco Private Prime Fund                     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |  44074702 | NS      | $44074702.18  | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| NextEra Energy, Inc.                           | NextEra Energy, Inc.                           | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     99555 | NS      | $7032565.20   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Corp.                                     | Hess Corp.                                     | CUSIP: 42809H107<br>LEI: UASVRYNXNK17ULIGK870 | Long             | EC               | CORP              | US        |     26606 | NS      | $3517047.14   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                                        | KeyCorp                                        | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |    176331 | NS      | $2796609.66   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics, Inc.                         | Verisk Analytics, Inc.                         | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      2982 | NS      | $936765.48    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies, Inc.                       | Tyler Technologies, Inc.                       | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |      1161 | NS      | $669885.39    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Global S.A.                              | Bunge Global S.A.                              | CUSIP: H11356104<br>LEI: 254900IVXSV9K0B7PO26 | Long             | EC               | CORP              | CH        |    216680 | NS      | $16933542.00  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc.                                     | Amgen Inc.                                     | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     31665 | NS      | $9125219.70   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust, Inc.                     | Digital Realty Trust, Inc.                     | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |     10891 | NS      | $1868024.32   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings, Inc.                   | CF Industries Holdings, Inc.                   | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     22677 | NS      | $2057030.67   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp.                                   | Exelon Corp.                                   | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |    160734 | NS      | $7043363.88   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp.                               | Fair Isaac Corp.                               | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |       301 | NS      | $519610.28    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Co.                           | Vulcan Materials Co.                           | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |      9811 | NS      | $2600601.77   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc.                       | Illinois Tool Works Inc.                       | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |     18844 | NS      | $4618287.52   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp.                                 | McKesson Corp.                                 | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |    160606 | NS      | $115557623.06 | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc.                                | S&P Global Inc.                                | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      8829 | NS      | $4528040.94   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Molina Healthcare, Inc.                        | Molina Healthcare, Inc.                        | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |     38393 | NS      | $11711400.72  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services, Inc.   | Fidelity National Information Services, Inc.   | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |     44173 | NS      | $3516612.53   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Inc.                      | Microchip Technology Inc.                      | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |     27298 | NS      | $1584375.92   | 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        |     22580 | NS      | $2113262.20   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown-Forman Corp.                             | Brown-Forman Corp., Class B                    | CUSIP: 115637209<br>LEI: 549300873K3LXF7ARU34 | Long             | EC               | CORP              | US        |     35025 | NS      | $1167733.50   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| McCormick & Co., Inc.                          | McCormick & Co., Inc.                          | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |     24495 | NS      | $1781521.35   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp.                                      | RTX Corp.                                      | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |    188248 | NS      | $25692087.04  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc.                     | Palantir Technologies Inc., Class A            | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     10215 | NS      | $1346132.70   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp. (The)                        | Progressive Corp. (The)                        | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     80983 | NS      | $23074486.19  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Kroger Co. (The)                               | Kroger Co. (The)                               | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |    676122 | NS      | $46131804.06  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Waters Corp.                                   | Waters Corp.                                   | CUSIP: 941848103<br>LEI: 5T547R1474YC9HOD8Q74 | Long             | EC               | CORP              | US        |      2350 | NS      | $820714.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Williams-Sonoma, Inc.                          | Williams-Sonoma, Inc.                          | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |     12811 | NS      | $2072307.36   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co. (The)                     | Procter & Gamble Co. (The)                     | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |    149459 | NS      | $25391589.51  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas, Inc.                                   | Ventas, Inc.                                   | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |     22058 | NS      | $1417888.24   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill, Inc.                   | Chipotle Mexican Grill, Inc.                   | CUSIP: 169656105<br>LEI: 5493007DZOMUBASCBX97 | Long             | EC               | CORP              | US        |     67232 | NS      | $3366978.56   | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Agilent Technologies, Inc.                     | Agilent Technologies, Inc.                     | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |     16171 | NS      | $1809858.32   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                            | Fifth Third Bancorp                            | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |    107211 | NS      | $4094388.09   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc.                          | Howmet Aerospace Inc.                          | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |     17277 | NS      | $2935189.53   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Smurfit WestRock PLC                           | Smurfit WestRock PLC                           | CUSIP: G8267P108<br>LEI: 635400EGSEOPDW2EXS14 | Long             | EC               | CORP              | IE        |    141845 | NS      | $6146143.85   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Hasbro, Inc.                                   | Hasbro, Inc.                                   | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |     19883 | NS      | $1326394.93   | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Cardinal Health, Inc.                          | Cardinal Health, Inc.                          | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |    523437 | NS      | $80839610.28  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc.                          | Booking Holdings Inc.                          | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      1627 | NS      | $8979299.11   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Ball Corp.                                     | Ball Corp.                                     | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |     68392 | NS      | $3664443.36   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Kraft Heinz Co. (The)                          | Kraft Heinz Co. (The)                          | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |    253704 | NS      | $6781507.92   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line, Inc.                | Old Dominion Freight Line, Inc.                | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |     10524 | NS      | $1685629.08   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co.                                   | Fastenal Co.                                   | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |     59138 | NS      | $2444764.92   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders FirstSource, Inc.                     | Builders FirstSource, Inc.                     | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |     37646 | NS      | $4053721.28   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corp.                                 | M&T Bank Corp.                                 | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |     23188 | NS      | $4235056.32   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management, Inc.                         | Waste Management, Inc.                         | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |     29482 | NS      | $7104277.54   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies, Inc.                       | Roper Technologies, Inc.                       | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |      3722 | NS      | $2122544.94   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA Holdings Inc.                            | IQVIA Holdings Inc.                            | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |     24676 | NS      | $3462783.08   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp.                         | Truist Financial Corp.                         | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |    182823 | NS      | $7221508.50   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Cruises Ltd.                   | Royal Caribbean Cruises Ltd.                   | CUSIP: V7780T103<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |     23653 | NS      | $6078111.41   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Domino's Pizza, Inc.                           | Domino's Pizza, Inc.                           | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |      3222 | NS      | $1526648.04   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                                     | Apple Inc.                                     | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    544556 | NS      | $109374072.60 | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Cboe Global Markets, Inc.                      | Cboe Global Markets, Inc.                      | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |      5868 | NS      | $1344476.16   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal Financial Group, Inc.                | Principal Financial Group, Inc.                | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |     58479 | NS      | $4554929.31   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty, Inc.                              | Ulta Beauty, Inc.                              | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |     10288 | NS      | $4850380.48   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TKO Group Holdings, Inc.                       | TKO Group Holdings, Inc.                       | CUSIP: 87256C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5698 | NS      | $899201.38    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Co.                               | Weyerhaeuser Co.                               | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |     72356 | NS      | $1874743.96   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology, Inc.                         | Align Technology, Inc.                         | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |      7198 | NS      | $1302406.12   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corp.                                    | Sysco Corp.                                    | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |    326416 | NS      | $23828368.00  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Norwegian Cruise Line Holdings Ltd.            | Norwegian Cruise Line Holdings Ltd.            | CUSIP: G66721104<br>LEI: 254900W8I5G9146RBD88 | Long             | EC               | CORP              | BM        |    148280 | NS      | $2617142.00   | 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        |      4041 | NS      | $633022.65    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger N.V.                              | Schlumberger N.V.                              | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |    269604 | NS      | $8910412.20   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE, Inc.                                     | NIKE, Inc., Class B                            | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |    199038 | NS      | $12059712.42  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ANSYS, Inc.                                    | ANSYS, Inc.                                    | CUSIP: 03662Q105<br>LEI: 549300VJV8H15Z5FJ571 | Long             | EC               | CORP              | US        |      2375 | NS      | $785697.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart, Inc.                                   | Copart, Inc.                                   | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |     25300 | NS      | $1302444.00   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Viatris Inc.                                   | Viatris Inc.                                   | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |    472342 | NS      | $4151886.18   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co.                 | Hewlett Packard Enterprise Co.                 | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |    616606 | NS      | $10654951.68  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp.                            | Realty Income Corp.                            | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |     27986 | NS      | $1584567.32   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Realty Investment Trust                | Federal Realty Investment Trust                | CUSIP: 313745101<br>LEI: 549300FHEI1SLVZ0RB48 | Long             | EC               | CORP              | US        |      3709 | NS      | $354135.32    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Carnival Corp.                                 | Carnival Corp.                                 | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | EC               | CORP              | PA        |    381545 | NS      | $8859474.90   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| J.B. Hunt Transport Services, Inc.             | J.B. Hunt Transport Services, Inc.             | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |     23300 | NS      | $3235205.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices, Inc.                           | Analog Devices, Inc.                           | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     13424 | NS      | $2872467.52   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennox International Inc.                      | Lennox International Inc.                      | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | EC               | CORP              | US        |      2823 | NS      | $1593442.35   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp. PLC                                | Eaton Corp. PLC                                | CUSIP: G29183103<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |     25364 | NS      | $8121552.80   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Inc.                         | Quest Diagnostics Inc.                         | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |     17631 | NS      | $3056157.54   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp.                                 | Amphenol Corp., Class A                        | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     72041 | NS      | $6478647.13   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co., Inc.                             | Best Buy Co., Inc.                             | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |    170700 | NS      | $11313996.00  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp.                                      | CDW Corp.                                      | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |     37450 | NS      | $6754482.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc.                                | Blackstone Inc., Class A                       | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |     26353 | NS      | $3656742.28   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service, Inc.                    | United Parcel Service, Inc., Class B           | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |    235268 | NS      | $22948040.72  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc.                                | Mastercard Inc., Class A                       | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     16035 | NS      | $9390096.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd.                        | Arch Capital Group Ltd.                        | CUSIP: G0450A105<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |     56248 | NS      | $5345809.92   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp.                         | General Dynamics Corp.                         | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |     54748 | NS      | $15246770.52  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills, Inc.                            | General Mills, Inc.                            | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |     98561 | NS      | $5347919.86   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc.                           | VICI Properties Inc.                           | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |     35636 | NS      | $1130017.56   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc.                     | Teledyne Technologies Inc.                     | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |      3513 | NS      | $1752495.18   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp.                         | Monster Beverage Corp.                         | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |     40975 | NS      | $2620351.25   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK, Inc.                                   | AMETEK, Inc.                                   | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |     11617 | NS      | $2076422.58   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.                    | Verizon Communications Inc.                    | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |    945321 | NS      | $41556311.16  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Dell Technologies Inc.                         | Dell Technologies Inc., Class C                | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |    301537 | NS      | $33552021.99  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy, Inc.                           | Enphase Energy, Inc.                           | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |      6756 | NS      | $279630.84    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Expeditors International of Washington, Inc.   | Expeditors International of Washington, Inc.   | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |     26888 | NS      | $3031084.24   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment, Inc.                | Live Nation Entertainment, Inc.                | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |     56043 | NS      | $7688539.17   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson PLC                       | Willis Towers Watson PLC                       | CUSIP: G96629103<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | IE        |      9177 | NS      | $2904979.35   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc.                                 | Welltower Inc.                                 | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |     16077 | NS      | $2480359.56   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| DexCom, Inc.                                   | DexCom, Inc.                                   | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |     16968 | NS      | $1455854.40   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DaVita Inc.                                    | DaVita Inc.                                    | CUSIP: 23918K108<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | EC               | CORP              | US        |     26696 | NS      | $3637596.96   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Edwards Lifesciences Corp.                     | Edwards Lifesciences Corp.                     | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |     24811 | NS      | $1940716.42   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Veralto Corp.                                  | Veralto Corp.                                  | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Long             | EC               | CORP              | US        |     16144 | NS      | $1631028.32   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| F5, Inc.                                       | F5, Inc.                                       | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |      3328 | NS      | $949744.64    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp.                                | Starbucks Corp.                                | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |    108839 | NS      | $9137034.05   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Mettler-Toledo International Inc.              | Mettler-Toledo International Inc.              | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |       956 | NS      | $1104677.12   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co.                        | International Paper Co.                        | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |    109338 | NS      | $5227449.78   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MarketAxess Holdings Inc.                      | MarketAxess Holdings Inc.                      | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |      1217 | NS      | $263370.97    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp.                     | Constellation Energy Corp.                     | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |     32736 | NS      | $10022126.40  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegion PLC                                   | Allegion PLC                                   | CUSIP: G0176J109<br>LEI: 984500560CAC2E6FB757 | Long             | EC               | CORP              | IE        |      9037 | NS      | $1289579.90   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                              | Johnson & Johnson                              | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |    162718 | NS      | $25255460.78  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co. (The)                              | Hershey Co. (The)                              | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |     19492 | NS      | $3132169.48   | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| IDEX Corp.                                     | IDEX Corp.                                     | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | EC               | CORP              | US        |      5304 | NS      | $959546.64    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group Inc.                             | Omnicom Group Inc.                             | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |     58331 | NS      | $4283828.64   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CrowdStrike Holdings, Inc.                     | CrowdStrike Holdings, Inc., Class A            | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |      3429 | NS      | $1616327.73   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corp.                           | Avery Dennison Corp.                           | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |     14727 | NS      | $2617429.71   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                              | Eversource Energy                              | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |     59499 | NS      | $3856130.19   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories, Inc.                       | IDEXX Laboratories, Inc.                       | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |      2855 | NS      | $1465642.80   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Co., Inc.                 | American Water Works Co., Inc.                 | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |      9929 | NS      | $1419549.13   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd.                                     | Chubb Ltd.                                     | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |     58711 | NS      | $17448909.20  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co.                                    | Deere & Co.                                    | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |     30415 | NS      | $15397897.90  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc.                                    | Pfizer Inc.                                    | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    738324 | NS      | $17343230.76  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Cooper Cos., Inc. (The)                        | Cooper Cos., Inc. (The)                        | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |     14793 | NS      | $1010066.04   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources, Inc.                            | EOG Resources, Inc.                            | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     56199 | NS      | $6101525.43   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                                        | Aon PLC, Class A                               | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |     11822 | NS      | $4398729.76   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                            | Synchrony Financial                            | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |    115159 | NS      | $6638916.35   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone, Inc.                                 | AutoZone, Inc.                                 | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |      1590 | NS      | $5935533.60   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Private Government Fund                | Invesco Private Government Fund                | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |  13983939 | NS      | $13983939.46  | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Public Storage                                 | Public Storage                                 | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |      4592 | NS      | $1416218.72   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Service Enterprise Group Inc.           | Public Service Enterprise Group Inc.           | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |     38389 | NS      | $3110660.67   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Group (The)                              | Cigna Group (The)                              | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |    234592 | NS      | $74281210.88  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown, Inc.                            | Brown & Brown, Inc.                            | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |     12221 | NS      | $1379750.90   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp.                                    | Intel Corp.                                    | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |    766058 | NS      | $14976433.90  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems Inc.                  | FactSet Research Systems Inc.                  | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |      1568 | NS      | $718551.68    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed Inc.                                    | ResMed Inc.                                    | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |      6648 | NS      | $1627363.92   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp.                          | Deckers Outdoor Corp.                          | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |     12082 | NS      | $1274892.64   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrier Global Corp.                           | Carrier Global Corp.                           | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |    109082 | NS      | $7766638.40   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp.                          | Las Vegas Sands Corp.                          | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |     78511 | NS      | $3231512.76   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastman Chemical Co.                           | Eastman Chemical Co.                           | CUSIP: 277432100<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | EC               | CORP              | US        |     30178 | NS      | $2365049.86   | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Steel Dynamics, Inc.                           | Steel Dynamics, Inc.                           | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |     42190 | NS      | $5192323.30   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co.                              | Genuine Parts Co.                              | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |     57526 | NS      | $7278189.52   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| W.W. Grainger, Inc.                            | W.W. Grainger, Inc.                            | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |      5287 | NS      | $5749929.72   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies, Inc.                        | Uber Technologies, Inc.                        | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |    184279 | NS      | $15508920.64  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc.                                    | Humana Inc.                                    | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |    141035 | NS      | $32879489.55  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                                | Microsoft Corp.                                | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    203957 | NS      | $93893644.52  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corp.                       | Texas Pacific Land Corp.                       | CUSIP: 88262P102<br>LEI: 529900WTH0D1S7BB4S10 | Long             | EC               | CORP              | US        |       149 | NS      | $165990.47    | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| International Business Machines Corp.          | International Business Machines Corp.          | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |     74992 | NS      | $19427427.52  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co.                                 | DTE Energy Co.                                 | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |     27957 | NS      | $3820324.05   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| GE VERNOVA INC.                                | GE VERNOVA INC.                                | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |     34912 | NS      | $16512677.76  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc.                            | Coterra Energy Inc.                            | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |     59604 | NS      | $1448973.24   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Steris PLC                                     | Steris PLC                                     | CUSIP: G8473T100<br>LEI: 549300F1857N5E6G6T48 | Long             | EC               | CORP              | IE        |      7127 | NS      | $1747611.67   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Estee Lauder Cos. Inc. (The)                   | Estee Lauder Cos. Inc. (The), Class A          | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |     67680 | NS      | $4530499.20   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry, Inc.                                 | Tapestry, Inc.                                 | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     28117 | NS      | $2208590.35   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co. (The)                             | Southern Co. (The)                             | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |     89600 | NS      | $8064000.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Juniper Networks, Inc.                         | Juniper Networks, Inc.                         | CUSIP: 48203R104<br>LEI: AUHIXNGG7U2U7JEHM527 | Long             | EC               | CORP              | US        |     42328 | NS      | $1520845.04   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc.                                  | NiSource Inc.                                  | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |     41545 | NS      | $1642689.30   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive, Inc.                      | O'Reilly Automotive, Inc.                      | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      3818 | NS      | $5221115.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc.                                    | Zoetis Inc.                                    | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |     17040 | NS      | $2873455.20   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corp.                                      | PPL Corp.                                      | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |     74074 | NS      | $2574071.50   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Super Micro Computer, Inc.                     | Super Micro Computer, Inc.                     | CUSIP: 86800U302<br>LEI: 54930022CZO1N2UGVW07 | Long             | EC               | CORP              | US        |    145472 | NS      | $5821789.44   | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| News Corp.                                     | News Corp., Class B                            | CUSIP: 65249B208<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |     45213 | NS      | $1479369.36   | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Axon Enterprise, Inc.                          | Axon Enterprise, Inc.                          | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |      1154 | NS      | $865915.44    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Amcor PLC                                      | Amcor PLC                                      | CUSIP: G0250X107<br>LEI: 549300GSODGFCDQ3DI89 | Long             | EC               | CORP              | JE        |    405432 | NS      | $3693485.52   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Air Lines, Inc.                          | Delta Air Lines, Inc.                          | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |    405971 | NS      | $19644936.69  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc.                              | Crown Castle Inc.                              | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |     20535 | NS      | $2060687.25   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group, Inc.                 | Citizens Financial Group, Inc.                 | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |     91481 | NS      | $3691258.35   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| West Pharmaceutical Services, Inc.             | West Pharmaceutical Services, Inc.             | CUSIP: 955306105<br>LEI: 5493007NKRGM1RJQ1P16 | Long             | EC               | CORP              | US        |      3857 | NS      | $813248.45    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DuPont de Nemours, Inc.                        | DuPont de Nemours, Inc.                        | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |     48749 | NS      | $3256433.20   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos., Inc. (The)                     | Travelers Cos., Inc. (The)                     | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |     54958 | NS      | $15151920.60  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Co.                                | Halliburton Co.                                | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |    276136 | NS      | $5409504.24   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors N.V.                        | NXP Semiconductors N.V.                        | CUSIP: N6596X109<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |     18310 | NS      | $3499590.30   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp.                     | Occidental Petroleum Corp.                     | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |    174780 | NS      | $7127528.40   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker, Inc.                   | Stanley Black & Decker, Inc.                   | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |     56313 | NS      | $3684559.59   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimco Realty Corp.                             | Kimco Realty Corp.                             | CUSIP: 49446R109<br>LEI: 254900ARY41P4V1JL861 | Long             | EC               | CORP              | US        |     29285 | NS      | $622599.10    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corp.                        | Regions Financial Corp.                        | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |    132178 | NS      | $2833896.32   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc.                               | Caterpillar Inc.                               | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |     57178 | NS      | $19899659.34  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Invitation Homes Inc.                          | Invitation Homes Inc.                          | CUSIP: 46187W107<br>LEI: 984500FE452E665C9F85 | Long             | EC               | CORP              | US        |     24197 | NS      | $815438.90    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp.                             | Devon Energy Corp.                             | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |    133198 | NS      | $4030571.48   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc.                                     | Jabil Inc.                                     | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |     61167 | NS      | $10276667.67  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial, Inc.                     | Ameriprise Financial, Inc.                     | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |     11187 | NS      | $5696867.88   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co., Inc.              | American Electric Power Co., Inc.              | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |     57487 | NS      | $5949329.63   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc.                                  | QUALCOMM Inc.                                  | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     79510 | NS      | $11544852.00  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp.                                   | Ameren Corp.                                   | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |     23290 | NS      | $2256335.20   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp, Inc.                                   | NetApp, Inc.                                   | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |     21181 | NS      | $2100307.96   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings, Inc.                   | Zimmer Biomet Holdings, Inc.                   | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |     21942 | NS      | $2022394.14   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain Inc.                             | Iron Mountain Inc.                             | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               | CORP              | US        |     21180 | NS      | $2090677.80   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.                    | Capital One Financial Corp.                    | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |     93382 | NS      | $17663205.30  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals, Inc.               | Air Products and Chemicals, Inc.               | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |     12183 | NS      | $3397960.53   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities, Inc.                    | AvalonBay Communities, Inc.                    | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |      4199 | NS      | $868227.23    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem Inc.                                     | Xylem Inc.                                     | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |     20770 | NS      | $2617850.80   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv, Inc.                                   | Fiserv, Inc.                                   | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |     28765 | NS      | $4682654.35   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                  | Medtronic PLC                                  | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |    107924 | NS      | $8955533.52   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Mohawk Industries, Inc.                        | Mohawk Industries, Inc.                        | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Long             | EC               | CORP              | US        |     28411 | NS      | $2858430.71   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology, Inc.                        | Micron Technology, Inc.                        | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     90502 | NS      | $8548818.92   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| W. R. Berkley Corp.                            | W. R. Berkley Corp.                            | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |     65871 | NS      | $4919904.99   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc.                         | Texas Instruments Inc.                         | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     26458 | NS      | $4837845.30   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions Corp.           | Cognizant Technology Solutions Corp., Class A  | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |     73836 | NS      | $5979977.64   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group, Ltd.                            | Everest Group, Ltd.                            | CUSIP: G3223R108<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |     14796 | NS      | $5137023.24   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Match Group, Inc.                              | Match Group, Inc.                              | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |     33618 | NS      | $1006522.92   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Garmin Ltd.                                    | Garmin Ltd.                                    | CUSIP: H2906T109<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | CH        |      8686 | NS      | $1762997.42   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Zebra Technologies Corp.                       | Zebra Technologies Corp., Class A              | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               | CORP              | US        |      5373 | NS      | $1556934.21   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc.                                    | Intuit Inc.                                    | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      8639 | NS      | $6509227.33   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                            | Abbott Laboratories                            | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     96130 | NS      | $12841045.40  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

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

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Vice President