# EDGAR Filing Document

**Accession Number:** 0001209466
**File Stem:** 0001209466-26-000444
**Filing Date:** 2026-3
**Character Count:** 148894
**Document Hash:** e7c7e202662ccac5e91da2b2ad78b29d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001209466-26-000444.hdr.sgml**: 20260330

**ACCESSION NUMBER**: 0001209466-26-000444

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260330

**DATE AS OF CHANGE**: 20260330

**PERIOD START**: 20260430

**FILER**: 

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

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21265
- **FILM NUMBER:** 26811077

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** POWERSHARES EXCHANGE TRADED FUND TRUST
- **DATE OF NAME CHANGE:** 20021210

## Series and Classes Contracts Data

### Invesco Oil & Gas Services ETF (Series ID: S000003043)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000008310 | Invesco Oil & Gas Services ETF | PXJ             |

## Nport-Ex

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

**Invesco AI and Next Gen Software ETF (IGPT)**

January 31, 2026

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-96.92%** | **Common Stocks & Other Equity Interests-96.92%** | **Common Stocks & Other Equity Interests-96.92%** |
| **Advertising-0.37%** | **Advertising-0.37%** | **Advertising-0.37%** |
| Magnite, Inc.<sup>(b)(c)</sup> | 24196 | &nbsp;&nbsp; $350116 |
| Trade Desk, Inc. (The), Class A<sup>(b)</sup> | 75289 | &nbsp;&nbsp; 2283515 |
|  |  | &nbsp;&nbsp; 2633631 |
| **Aerospace & Defense-0.18%** | **Aerospace & Defense-0.18%** | **Aerospace & Defense-0.18%** |
| AeroVironment, Inc.<sup>(b)(c)</sup> | 4739 | &nbsp;&nbsp; 1319290 |
| **Alternative Carriers-0.03%** | **Alternative Carriers-0.03%** | **Alternative Carriers-0.03%** |
| Cogent Communications Holdings, Inc.<sup>(c)</sup> | 7437 | &nbsp;&nbsp; 180719 |
| **Application Software-10.84%** | **Application Software-10.84%** | **Application Software-10.84%** |
| Adobe, Inc.<sup>(b)</sup> | 71612 | &nbsp;&nbsp; 21000219 |
| Autodesk, Inc.<sup>(b)</sup> | 36438 | &nbsp;&nbsp; 9214077 |
| Bentley Systems, Inc., Class B<sup>(c)</sup> | 33608 | &nbsp;&nbsp; 1180313 |
| Braze, Inc., Class A<sup>(b)</sup> | 16164 | &nbsp;&nbsp; 336535 |
| Cadence Design Systems, Inc.<sup>(b)</sup> | 40515 | &nbsp;&nbsp; 12007025 |
| Dassault Systemes SE (France) | 123896 | &nbsp;&nbsp; 3420101 |
| DocuSign, Inc.<sup>(b)</sup> | 34319 | &nbsp;&nbsp; 1803120 |
| DoubleVerify Holdings, Inc.<sup>(b)</sup> | 23320 | &nbsp;&nbsp; 252322 |
| Elastic N.V.<sup>(b)</sup> | 15828 | &nbsp;&nbsp; 1043540 |
| Five9, Inc.<sup>(b)(c)</sup> | 13133 | &nbsp;&nbsp; 231929 |
| Freshworks, Inc., Class A<sup>(b)(c)</sup> | 39877 | &nbsp;&nbsp; 429874 |
| Horizon Robotics (China)<sup>(b)(c)</sup> | 1810440 | &nbsp;&nbsp; 1901739 |
| HubSpot, Inc.<sup>(b)</sup> | 8944 | &nbsp;&nbsp; 2504320 |
| Nemetschek SE (Germany) | 6544 | &nbsp;&nbsp; 573853 |
| Nice Ltd. (Israel)<sup>(b)</sup> | 8769 | &nbsp;&nbsp; 930309 |
| Pegasystems, Inc. | 14681 | &nbsp;&nbsp; 641413 |
| Samsara, Inc., Class A<sup>(b)</sup> | 58542 | &nbsp;&nbsp; 1642103 |
| Strategy, Inc., Class A<sup>(b)</sup> | 45803 | &nbsp;&nbsp; 6857167 |
| Synopsys, Inc.<sup>(b)</sup> | 21099 | &nbsp;&nbsp; 9813461 |
| Unity Software, Inc.<sup>(b)</sup> | 61654 | &nbsp;&nbsp; 1794131 |
|  |  | &nbsp;&nbsp; 77577551 |
| **Casinos & Gaming-0.05%** | **Casinos & Gaming-0.05%** | **Casinos & Gaming-0.05%** |
| Genius Sports Ltd. (United Kingdom)<sup>(b)</sup> | 37411 | &nbsp;&nbsp; 325476 |
| **Consumer Electronics-0.46%** | **Consumer Electronics-0.46%** | **Consumer Electronics-0.46%** |
| Garmin Ltd. | 16248 | &nbsp;&nbsp; 3276247 |
| **Data Center REITs-3.29%** | **Data Center REITs-3.29%** | **Data Center REITs-3.29%** |
| Digital Realty Trust, Inc. | 55028 | &nbsp;&nbsp; 9131897 |
| Equinix, Inc. | 16795 | &nbsp;&nbsp; 13787519 |
| Keppel DC REIT (Singapore) | 339834 | &nbsp;&nbsp; 610437 |
|  |  | &nbsp;&nbsp; 23529853 |
| **Electrical Components & Equipment-2.15%** | **Electrical Components & Equipment-2.15%** | **Electrical Components & Equipment-2.15%** |
| AMETEK, Inc. | 27741 | &nbsp;&nbsp; 6213429 |
| Emerson Electric Co. | 51777 | &nbsp;&nbsp; 7609148 |
| Nidec Corp. (Japan) | 110475 | &nbsp;&nbsp; 1585441 |
|  |  | &nbsp;&nbsp; 15408018 |
| **Electronic Components-0.19%** | **Electronic Components-0.19%** | **Electronic Components-0.19%** |
| Largan Precision Co. Ltd. (Taiwan) | 18060 | &nbsp;&nbsp; 1376485 |
| **Electronic Equipment & Instruments-2.93%** | **Electronic Equipment & Instruments-2.93%** | **Electronic Equipment & Instruments-2.93%** |
| Cognex Corp. | 28533 | &nbsp;&nbsp; 1105368 |
| Halma PLC (United Kingdom) | 47303 | &nbsp;&nbsp; 2303990 |
| Hexagon AB, Class B (Sweden)<sup>(c)</sup> | 298723 | &nbsp;&nbsp; 3389135 |
| Inficon Holding AG (Switzerland) | 2947 | &nbsp;&nbsp; 468181 |
| Keyence Corp. (Japan) | 35348 | &nbsp;&nbsp; 13009818 |
| Novanta, Inc.<sup>(b)</sup> | 3168 | &nbsp;&nbsp; 426223 |
| RoboSense Technology Co. Ltd. (China)<sup>(b)</sup> | 69411 | &nbsp;&nbsp; 301959 |
|  |  | &nbsp;&nbsp; 21004674 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Electronic Manufacturing Services-0.16%** | **Electronic Manufacturing Services-0.16%** | **Electronic Manufacturing Services-0.16%** |
| Foxconn Industrial Internet Co. Ltd. (China) | 83200 | &nbsp;&nbsp; $687344 |
| IPG Photonics Corp.<sup>(b)(c)</sup> | 5233 | &nbsp;&nbsp; 483581 |
|  |  | &nbsp;&nbsp; 1170925 |
| **Health Care Equipment-3.79%** | **Health Care Equipment-3.79%** | **Health Care Equipment-3.79%** |
| Intuitive Surgical, Inc.<sup>(b)</sup> | 53813 | &nbsp;&nbsp; 27133591 |
| **Health Care Services-0.12%** | **Health Care Services-0.12%** | **Health Care Services-0.12%** |
| RadNet, Inc.<sup>(b)(c)</sup> | 12265 | &nbsp;&nbsp; 859777 |
| **Industrial Machinery & Supplies & Components-0.97%** | **Industrial Machinery & Supplies & Components-0.97%** | **Industrial Machinery & Supplies & Components-0.97%** |
| ATS Corp. (Canada)<sup>(b)</sup> | 12607 | &nbsp;&nbsp; 360293 |
| Fortive Corp. | 43107 | &nbsp;&nbsp; 2276481 |
| Harmonic Drive Systems, Inc. (Japan) | 10696 | &nbsp;&nbsp; 236355 |
| Hiwin Technologies Corp. (Taiwan) | 44232 | &nbsp;&nbsp; 346662 |
| MINEBEA MITSUMI, Inc. (Japan) | 39650 | &nbsp;&nbsp; 812951 |
| Rainbow Robotics (South Korea)<sup>(b)</sup> | 1824 | &nbsp;&nbsp; 918245 |
| UBTech Robotics Corp Ltd. (China)<sup>(b)</sup> | 37804 | &nbsp;&nbsp; 675019 |
| Yaskawa Electric Corp. (Japan)<sup>(c)</sup> | 40097 | &nbsp;&nbsp; 1284016 |
|  |  | &nbsp;&nbsp; 6910022 |
| **Interactive Home Entertainment-0.70%** | **Interactive Home Entertainment-0.70%** | **Interactive Home Entertainment-0.70%** |
| Electronic Arts, Inc. | 24586 | &nbsp;&nbsp; 5013577 |
| **Interactive Media & Services-17.67%** | **Interactive Media & Services-17.67%** | **Interactive Media & Services-17.67%** |
| Alphabet, Inc., Class A | 167599 | &nbsp;&nbsp; 56648462 |
| Baidu, Inc., A Shares (China)<sup>(b)</sup> | 207455 | &nbsp;&nbsp; 3977628 |
| Meta Platforms, Inc., Class A | 80255 | &nbsp;&nbsp; 57502707 |
| Pinterest, Inc., Class A<sup>(b)</sup> | 101785 | &nbsp;&nbsp; 2252502 |
| Reddit, Inc., Class A<sup>(b)</sup> | 23655 | &nbsp;&nbsp; 4264287 |
| Snap, Inc., Class A<sup>(b)(c)</sup> | 211672 | &nbsp;&nbsp; 1466887 |
| Trump Media & Technology Group Corp.<sup>(b)</sup> | 27578 | &nbsp;&nbsp; 352447 |
|  |  | &nbsp;&nbsp; 126464920 |
| **Internet Services & Infrastructure-1.81%** | **Internet Services & Infrastructure-1.81%** | **Internet Services & Infrastructure-1.81%** |
| GDS Holdings Ltd., A Shares (China)<sup>(b)</sup> | 143954 | &nbsp;&nbsp; 801797 |
| NEXTDC Ltd. (Australia)<sup>(b)(c)</sup> | 108959 | &nbsp;&nbsp; 1012800 |
| Snowflake, Inc., Class A<sup>(b)</sup> | 57963 | &nbsp;&nbsp; 11169470 |
|  |  | &nbsp;&nbsp; 12984067 |
| **Movies & Entertainment-0.25%** | **Movies & Entertainment-0.25%** | **Movies & Entertainment-0.25%** |
| Roku, Inc., Class A<sup>(b)(c)</sup> | 19163 | &nbsp;&nbsp; 1824318 |
| **Semiconductors-44.73%** | **Semiconductors-44.73%** | **Semiconductors-44.73%** |
| Advanced Micro Devices, Inc.<sup>(b)</sup> | 236473 | &nbsp;&nbsp; 55980253 |
| Alchip Technologies Ltd. (Taiwan) | 12978 | &nbsp;&nbsp; 1274173 |
| Ambarella, Inc.<sup>(b)</sup> | 7238 | &nbsp;&nbsp; 463522 |
| ARM Holdings PLC, ADR<sup>(b)(c)</sup> | 23647 | &nbsp;&nbsp; 2491448 |
| ASMedia Technology, Inc. (Taiwan) | 5860 | &nbsp;&nbsp; 238985 |
| Astera Labs, Inc.<sup>(b)</sup> | 27193 | &nbsp;&nbsp; 4095810 |
| Cambricon Technologies Corp. Ltd. (China)<sup>(b)</sup> | 4197 | &nbsp;&nbsp; 759534 |
| Credo Technology Group Holding Ltd.<sup>(b)</sup> | 25298 | &nbsp;&nbsp; 3169333 |
| Global Unichip Corp. (Taiwan) | 9835 | &nbsp;&nbsp; 806934 |
| &nbsp;&nbsp;&nbsp; Hygon Information Technology Co. Ltd., A <br> Shares (China)<br>| 23685 | &nbsp;&nbsp; 896823 |
| Intel Corp.<sup>(b)</sup> | 568367 | &nbsp;&nbsp; 26412014 |
| Kioxia Holdings Corp. (Japan)<sup>(b)</sup> | 24916 | &nbsp;&nbsp; 3419216 |
| Lattice Semiconductor Corp.<sup>(b)(c)</sup> | 23399 | &nbsp;&nbsp; 1884087 |
| MediaTek, Inc. (Taiwan) | 274397 | &nbsp;&nbsp; 15220949 |
| Microchip Technology, Inc. | 68195 | &nbsp;&nbsp; 5177364 |
| Micron Technology, Inc. | 190047 | &nbsp;&nbsp; 78846699 |
| Nanya Technology Corp. (Taiwan)<sup>(b)</sup> | 201376 | &nbsp;&nbsp; 2038477 |
| NVIDIA Corp. | 178796 | &nbsp;&nbsp; 34173279 |
| QUALCOMM, Inc. | 156917 | &nbsp;&nbsp; 23787048 |
| Silicon Laboratories, Inc.<sup>(b)</sup> | 5571 | &nbsp;&nbsp; 793589 |
| SK hynix, Inc. (South Korea) | 89123 | &nbsp;&nbsp; 55646394 |

---

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

------

**Invesco AI and Next Gen Software ETF (IGPT)—(continued)**

January 31, 2026

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Semiconductors-(continued)** | **Semiconductors-(continued)** | **Semiconductors-(continued)** |
| Socionext, Inc. (Japan) | 30580 | &nbsp;&nbsp; $410526 |
| Winbond Electronics Corp. (Taiwan)<sup>(b)</sup> | 551049 | &nbsp;&nbsp; 2179037 |
|  |  | &nbsp;&nbsp; 320165494 |
| **Systems Software-0.15%** | **Systems Software-0.15%** | **Systems Software-0.15%** |
| Dolby Laboratories, Inc., Class A | 9662 | &nbsp;&nbsp; 620204 |
| Teradata Corp.<sup>(b)(c)</sup> | 16085 | &nbsp;&nbsp; 458744 |
|  |  | &nbsp;&nbsp; 1078948 |
| **Technology Hardware, Storage & Peripherals-6.08%** | **Technology Hardware, Storage & Peripherals-6.08%** | **Technology Hardware, Storage & Peripherals-6.08%** |
| Gigabyte Technology Co. Ltd. (Taiwan) | 68881 | &nbsp;&nbsp; 506734 |
| Hewlett Packard Enterprise Co. | 158109 | &nbsp;&nbsp; 3402506 |
| MiTAC Holdings Corp. (Taiwan) | 170553 | &nbsp;&nbsp; 424149 |
| NetApp, Inc. | 25443 | &nbsp;&nbsp; 2451433 |
| Pure Storage, Inc., Class A<sup>(b)(c)</sup> | 30156 | &nbsp;&nbsp; 2097048 |
| Seagate Technology Holdings PLC | 37274 | &nbsp;&nbsp; 15196237 |
| Super Micro Computer, Inc.<sup>(b)(c)</sup> | 85854 | &nbsp;&nbsp; 2499210 |
| Western Digital Corp. | 58490 | &nbsp;&nbsp; 14635953 |
| Wiwynn Corp. (Taiwan) | 20349 | &nbsp;&nbsp; 2280963 |
|  |  | &nbsp;&nbsp; 43494233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $448,817,770) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $448,817,770) | &nbsp;&nbsp; 693731816 |
| **Money Market Funds-0.20%** | **Money Market Funds-0.20%** | **Money Market Funds-0.20%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 3.61%<sup>(d)(e)</sup> <br>(Cost $1,437,956)<br>| 1437956 | &nbsp;&nbsp; 1437956 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-97.12% <br>(Cost $450,255,726) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-97.12% <br>(Cost $450,255,726) | &nbsp;&nbsp; 695169772 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** | **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** | **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** |
| **Money Market Funds-2.07%** | **Money Market Funds-2.07%** | **Money Market Funds-2.07%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 3.65%<sup>(d)(e)(f)</sup><br>| 4013373 | &nbsp;&nbsp; $4013373 |
| Invesco Private Prime Fund, 3.80%<sup>(d)(e)(f)</sup> | 10810126 | &nbsp;&nbsp; 10813369 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $14,826,742) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $14,826,742) | &nbsp;&nbsp; 14826742 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-99.19% <br>(Cost $465,082,468) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-99.19% <br>(Cost $465,082,468) | &nbsp;&nbsp; 709996514 |
| OTHER ASSETS LESS LIABILITIES-0.81% | OTHER ASSETS LESS LIABILITIES-0.81% | &nbsp;&nbsp; 5814714 |
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $715811228 |

---

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

Investment Abbreviations: <br> ADR -American Depositary Receipt <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 January 31, 2026. |
| <sup>(d)</sup> | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in <br> which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund's transactions in, and earnings from, its investments in <br> affiliates for the nine months ended January 31, 2026.<br>|

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**April 30, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain**<br>| **Value** <br>**January 31, 2026**<br>| **Dividend Income** |
| **Investments in Affiliated** <br> **Money Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & <br> Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; $130743 | &nbsp;&nbsp;&nbsp; $9912083 | &nbsp;&nbsp;&nbsp; $(8604870)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $1437956 | &nbsp;&nbsp;&nbsp; $19550 |

---

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

------

**Invesco AI and Next Gen Software ETF (IGPT)—(continued)**

January 31, 2026

*(Unaudited)*

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value**<br> **April 30, 2025**<br>| **Purchases**<br> **at Cost**<br>| **Proceeds**<br> **from Sales**<br>| **Change in**<br> **Unrealized**<br> **Appreciation**<br>| **Realized**<br> **Gain**<br>| **Value**<br> **January 31, 2026**<br>| **Dividend Income** |
| **Investments Purchased** <br> **with Cash Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; $9825361 | &nbsp;&nbsp;&nbsp; $115716440 | &nbsp;&nbsp;&nbsp; $(121528428)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $4013373 | &nbsp;&nbsp;&nbsp; $185,170<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp; 25561595 | &nbsp;&nbsp;&nbsp; 231706841 | &nbsp;&nbsp;&nbsp; (246460434)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 5367 | &nbsp;&nbsp;&nbsp; 10813369 | &nbsp;&nbsp;&nbsp; 496,796<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $35517699 | &nbsp;&nbsp;&nbsp; $357335364 | &nbsp;&nbsp;&nbsp; $(376593732)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $5367 | &nbsp;&nbsp;&nbsp; $16264698 | &nbsp;&nbsp;&nbsp; $701516 |

---

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

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

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

<sup>(e)</sup> The rate shown is the 7-day SEC standardized yield as of January 31, 2026. <br> <sup>(f)</sup> The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower's return of the securities loaned.

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

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

------

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

**Invesco Biotechnology & Genome ETF (PBE)**

January 31, 2026

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-100.01%** | **Common Stocks & Other Equity Interests-100.01%** | **Common Stocks & Other Equity Interests-100.01%** |
| **Biotechnology-80.59%** | **Biotechnology-80.59%** | **Biotechnology-80.59%** |
| Acadia Pharmaceuticals, Inc.<sup>(b)</sup> | 296675 | &nbsp;&nbsp; $7455443 |
| Alnylam Pharmaceuticals, Inc.<sup>(b)</sup> | 29936 | &nbsp;&nbsp; 10120164 |
| Amgen, Inc. | 38885 | &nbsp;&nbsp; 13294004 |
| Amicus Therapeutics, Inc.<sup>(b)</sup> | 716939 | &nbsp;&nbsp; 10245058 |
| BioCryst Pharmaceuticals, Inc.<sup>(b)(c)</sup> | 1038146 | &nbsp;&nbsp; 6831001 |
| Biogen, Inc.<sup>(b)</sup> | 73517 | &nbsp;&nbsp; 13224973 |
| BioMarin Pharmaceutical, Inc.<sup>(b)</sup> | 127758 | &nbsp;&nbsp; 7223437 |
| Catalyst Pharmaceuticals, Inc.<sup>(b)</sup> | 301597 | &nbsp;&nbsp; 7328807 |
| Dynavax Technologies Corp.<sup>(b)(c)</sup> | 619803 | &nbsp;&nbsp; 9597650 |
| Exelixis, Inc.<sup>(b)</sup> | 167824 | &nbsp;&nbsp; 6941201 |
| Gilead Sciences, Inc. | 103770 | &nbsp;&nbsp; 14730152 |
| Halozyme Therapeutics, Inc.<sup>(b)</sup> | 95817 | &nbsp;&nbsp; 6871037 |
| Incyte Corp.<sup>(b)</sup> | 122358 | &nbsp;&nbsp; 12244365 |
| Ionis Pharmaceuticals, Inc.<sup>(b)(c)</sup> | 90302 | &nbsp;&nbsp; 7465266 |
| Madrigal Pharmaceuticals, Inc.<sup>(b)(c)</sup> | 12061 | &nbsp;&nbsp; 5901568 |
| MannKind Corp.<sup>(b)(c)</sup> | 1382171 | &nbsp;&nbsp; 7988949 |
| Neurocrine Biosciences, Inc.<sup>(b)</sup> | 50198 | &nbsp;&nbsp; 6829940 |
| Protagonist Therapeutics, Inc.<sup>(b)</sup> | 80859 | &nbsp;&nbsp; 6614266 |
| PTC Therapeutics, Inc.<sup>(b)</sup> | 88821 | &nbsp;&nbsp; 6708650 |
| Regeneron Pharmaceuticals, Inc. | 17072 | &nbsp;&nbsp; 12658034 |
| TG Therapeutics, Inc.<sup>(b)(c)</sup> | 221373 | &nbsp;&nbsp; 6515007 |
| United Therapeutics Corp.<sup>(b)</sup> | 27241 | &nbsp;&nbsp; 12789377 |
| Veracyte, Inc.<sup>(b)(c)</sup> | 151832 | &nbsp;&nbsp; 5781763 |
| Vericel Corp.<sup>(b)(c)</sup> | 182370 | &nbsp;&nbsp; 6561673 |
|  |  | &nbsp;&nbsp; 211921785 |
| **Life Sciences Tools & Services-13.88%** | **Life Sciences Tools & Services-13.88%** | **Life Sciences Tools & Services-13.88%** |
| Bio-Techne Corp. | 111680 | &nbsp;&nbsp; 7157571 |
| Illumina, Inc.<sup>(b)</sup> | 103203 | &nbsp;&nbsp; 14944827 |
| Qiagen N.V.<sup>(c)</sup> | 150201 | &nbsp;&nbsp; 8061308 |
| Repligen Corp.<sup>(b)</sup> | 42392 | &nbsp;&nbsp; 6332093 |
|  |  | &nbsp;&nbsp; 36495799 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Pharmaceuticals-5.54%** | **Pharmaceuticals-5.54%** | **Pharmaceuticals-5.54%** |
| Collegium Pharmaceutical, Inc.<sup>(b)</sup> | 155580 | &nbsp;&nbsp; $7144233 |
| Royalty Pharma PLC, Class A | 178379 | &nbsp;&nbsp; 7434837 |
|  |  | &nbsp;&nbsp; 14579070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $209,383,891) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $209,383,891) | &nbsp;&nbsp; 262996654 |
| **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, 3.61%<sup>(d)(e)</sup> <br>(Cost $188,757)<br>| 188757 | &nbsp;&nbsp; 188757 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.08% <br>(Cost $209,572,648) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.08% <br>(Cost $209,572,648) | &nbsp;&nbsp; 263185411 |
| **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** | **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** | **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** |
| **Money Market Funds-14.10%** | **Money Market Funds-14.10%** | **Money Market Funds-14.10%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 3.65%<sup>(d)(e)(f)</sup><br>| 10305622 | &nbsp;&nbsp; 10305622 |
| Invesco Private Prime Fund, 3.80%<sup>(d)(e)(f)</sup> | 26773050 | &nbsp;&nbsp; 26781082 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $37,086,704) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $37,086,704) | &nbsp;&nbsp; 37086704 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-114.18% <br>(Cost $246,659,352) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-114.18% <br>(Cost $246,659,352) | &nbsp;&nbsp; 300272115 |
| OTHER ASSETS LESS LIABILITIES-(14.18)% | OTHER ASSETS LESS LIABILITIES-(14.18)% | &nbsp;&nbsp; (37295842)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $262976273 |

---

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

---

| | |
|:---|:---|
| Notes to Schedule of Investments: | Notes to Schedule of Investments: |
| <sup>(a)</sup> | Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is <br> the exclusive property and a service mark of MSCI Inc. and Standard & Poor's.<br>|
| <sup>(b)</sup> | Non-income producing security. |
| <sup>(c)</sup> | All or a portion of this security was out on loan at January 31, 2026. |
| <sup>(d)</sup> | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in <br> which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund's transactions in, and earnings from, its investments in <br> affiliates for the nine months ended January 31, 2026.<br>|

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**April 30, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain**<br>| **Value** <br>**January 31, 2026**<br>| **Dividend Income** |
| **Investments in Affiliated** <br> **Money Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & <br> Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; $138392 | &nbsp;&nbsp;&nbsp; $4197083 | &nbsp;&nbsp;&nbsp; $(4146718)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $188757 | &nbsp;&nbsp;&nbsp; $6663 |
| **Investments Purchased** <br> **with Cash Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; 6312059 | &nbsp;&nbsp;&nbsp; 98446258 | &nbsp;&nbsp;&nbsp; (94452695)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 10305622 | &nbsp;&nbsp;&nbsp; 239,288<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp; 16313117 | &nbsp;&nbsp;&nbsp; 195856447 | &nbsp;&nbsp;&nbsp; (185390772)<br>| &nbsp;&nbsp;&nbsp; 685 | &nbsp;&nbsp;&nbsp; 1605 | &nbsp;&nbsp;&nbsp; 26781082 | &nbsp;&nbsp;&nbsp; 644,000<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $22763568 | &nbsp;&nbsp;&nbsp; $298499788 | &nbsp;&nbsp;&nbsp; $(283990185)<br>| &nbsp;&nbsp;&nbsp; $685 | &nbsp;&nbsp;&nbsp; $1605 | &nbsp;&nbsp;&nbsp; $37275461 | &nbsp;&nbsp;&nbsp; $889951 |

---

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

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

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

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

------

**Invesco Biotechnology & Genome ETF (PBE)—(continued)**

January 31, 2026

*(Unaudited)*

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

<sup>(e)</sup> The rate shown is the 7-day SEC standardized yield as of January 31, 2026. <br> <sup>(f)</sup> The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower's return of the securities loaned.

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

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

------

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

**Invesco Building & Construction ETF (PKB)**

January 31, 2026

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-100.04%** | **Common Stocks & Other Equity Interests-100.04%** | **Common Stocks & Other Equity Interests-100.04%** |
| **Building Products-7.37%** | **Building Products-7.37%** | **Building Products-7.37%** |
| Armstrong World Industries, Inc. | 50654 | &nbsp;&nbsp; $9307166 |
| Johnson Controls International PLC | 150691 | &nbsp;&nbsp; 17971409 |
|  |  | &nbsp;&nbsp; 27278575 |
| **Construction & Engineering-30.91%** | **Construction & Engineering-30.91%** | **Construction & Engineering-30.91%** |
| API Group Corp.<sup>(b)</sup> | 248817 | &nbsp;&nbsp; 10343323 |
| Argan, Inc. | 25231 | &nbsp;&nbsp; 8757932 |
| Comfort Systems USA, Inc. | 18173 | &nbsp;&nbsp; 20755383 |
| Dycom Industries, Inc.<sup>(b)</sup> | 27521 | &nbsp;&nbsp; 10028377 |
| Everus Construction Group, Inc.<sup>(b)(c)</sup> | 108552 | &nbsp;&nbsp; 9605767 |
| Fluor Corp.<sup>(b)</sup> | 227581 | &nbsp;&nbsp; 10511966 |
| MYR Group, Inc.<sup>(b)</sup> | 44279 | &nbsp;&nbsp; 11071521 |
| Primoris Services Corp.<sup>(c)</sup> | 75910 | &nbsp;&nbsp; 11253658 |
| Tutor Perini Corp. | 146588 | &nbsp;&nbsp; 11564327 |
| Valmont Industries, Inc. | 23543 | &nbsp;&nbsp; 10489819 |
|  |  | &nbsp;&nbsp; 114382073 |
| **Construction Machinery & Heavy Transportation Equipment-2.91%** | **Construction Machinery & Heavy Transportation Equipment-2.91%** | **Construction Machinery & Heavy Transportation Equipment-2.91%** |
| Astec Industries, Inc. | 221070 | &nbsp;&nbsp; 10770530 |
| **Construction Materials-30.14%** | **Construction Materials-30.14%** | **Construction Materials-30.14%** |
| Amrize Ltd.<sup>(b)(c)</sup> | 350538 | &nbsp;&nbsp; 18445310 |
| CRH PLC | 152731 | &nbsp;&nbsp; 18695802 |
| Eagle Materials, Inc. | 44443 | &nbsp;&nbsp; 9057928 |
| Knife River Corp.<sup>(b)(c)</sup> | 130132 | &nbsp;&nbsp; 8740967 |
| Martin Marietta Materials, Inc. | 28481 | &nbsp;&nbsp; 18568188 |
| Titan America S.A. (Belgium)<sup>(b)(c)</sup> | 616576 | &nbsp;&nbsp; 10703759 |
| United States Lime & Minerals, Inc. | 77412 | &nbsp;&nbsp; 9330468 |
| Vulcan Materials Co. | 59884 | &nbsp;&nbsp; 17997537 |
|  |  | &nbsp;&nbsp; 111539959 |
| **Electrical Components & Equipment-3.35%** | **Electrical Components & Equipment-3.35%** | **Electrical Components & Equipment-3.35%** |
| Thermon Group Holdings, Inc.<sup>(b)</sup> | 274162 | &nbsp;&nbsp; 12405830 |
| **Forest Products-2.74%** | **Forest Products-2.74%** | **Forest Products-2.74%** |
| Louisiana-Pacific Corp. | 121011 | &nbsp;&nbsp; 10133461 |
| **Gas Utilities-2.61%** | **Gas Utilities-2.61%** | **Gas Utilities-2.61%** |
| Southwest Gas Holdings, Inc. | 116616 | &nbsp;&nbsp; 9658137 |
| **Homebuilding-12.59%** | **Homebuilding-12.59%** | **Homebuilding-12.59%** |
| Cavco Industries, Inc.<sup>(b)(c)</sup> | 16419 | &nbsp;&nbsp; 8078477 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Homebuilding-(continued)** | **Homebuilding-(continued)** | **Homebuilding-(continued)** |
| Green Brick Partners, Inc.<sup>(b)(c)</sup> | 144992 | &nbsp;&nbsp; $10060995 |
| Installed Building Products, Inc. | 36066 | &nbsp;&nbsp; 10392057 |
| PulteGroup, Inc. | 144269 | &nbsp;&nbsp; 18046609 |
|  |  | &nbsp;&nbsp; 46578138 |
| **Office Services & Supplies-2.96%** | **Office Services & Supplies-2.96%** | **Office Services & Supplies-2.96%** |
| Interface, Inc. | 348035 | &nbsp;&nbsp; 10952661 |
| **Other Specialty Retail-4.46%** | **Other Specialty Retail-4.46%** | **Other Specialty Retail-4.46%** |
| Tractor Supply Co. | 324445 | &nbsp;&nbsp; 16507762 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $325,908,869) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $325,908,869) | &nbsp;&nbsp; 370207126 |
| **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, 3.61%<sup>(d)(e)</sup> <br>(Cost $146,076)<br>| 146076 | &nbsp;&nbsp; 146076 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.08% <br>(Cost $326,054,945) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.08% <br>(Cost $326,054,945) | &nbsp;&nbsp; 370353202 |
| **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** | **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** | **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** |
| **Money Market Funds-4.62%** | **Money Market Funds-4.62%** | **Money Market Funds-4.62%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 3.65%<sup>(d)(e)(f)</sup><br>| 4752991 | &nbsp;&nbsp; 4752991 |
| Invesco Private Prime Fund, 3.80%<sup>(d)(e)(f)</sup> | 12342678 | &nbsp;&nbsp; 12346381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $17,099,372) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $17,099,372) | &nbsp;&nbsp; 17099372 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-104.70% <br>(Cost $343,154,317) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-104.70% <br>(Cost $343,154,317) | &nbsp;&nbsp; 387452574 |
| OTHER ASSETS LESS LIABILITIES-(4.70)% | OTHER ASSETS LESS LIABILITIES-(4.70)% | &nbsp;&nbsp; (17385476)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $370067098 |

---

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

---

| | |
|:---|:---|
| Notes to Schedule of Investments: | Notes to Schedule of Investments: |
| <sup>(a)</sup> | Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is <br> the exclusive property and a service mark of MSCI Inc. and Standard & Poor's.<br>|
| <sup>(b)</sup> | Non-income producing security. |
| <sup>(c)</sup> | All or a portion of this security was out on loan at January 31, 2026. |
| <sup>(d)</sup> | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in <br> which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund's transactions in, and earnings from, its investments in <br> affiliates for the nine months ended January 31, 2026.<br>|

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**April 30, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Value** <br>**January 31, 2026**<br>| **Dividend Income** |
| **Investments in Affiliated** <br> **Money Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & <br> Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; $236618 | &nbsp;&nbsp;&nbsp; $2240095 | &nbsp;&nbsp;&nbsp; $(2330637)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $146076 | &nbsp;&nbsp;&nbsp; $8366 |

---

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

------

**Invesco Building & Construction ETF (PKB)—(continued)**

January 31, 2026

*(Unaudited)*

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value**<br> **April 30, 2025**<br>| **Purchases**<br> **at Cost**<br>| **Proceeds**<br> **from Sales**<br>| **Change in**<br> **Unrealized**<br> **Appreciation**<br>| **Realized**<br> **Gain**<br> **(Loss)**<br>| **Value**<br> **January 31, 2026**<br>| **Dividend Income** |
| **Investments Purchased** <br> **with Cash Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; $5653855 | &nbsp;&nbsp;&nbsp; $87787029 | &nbsp;&nbsp;&nbsp; $(88687893)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $4752991 | &nbsp;&nbsp;&nbsp; $133,286<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp; 13752136 | &nbsp;&nbsp;&nbsp; 185057630 | &nbsp;&nbsp;&nbsp; (186463828)<br>| &nbsp;&nbsp;&nbsp; 735 | &nbsp;&nbsp;&nbsp; (292)<br>| &nbsp;&nbsp;&nbsp; 12346381 | &nbsp;&nbsp;&nbsp; 352,795<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $19642609 | &nbsp;&nbsp;&nbsp; $275084754 | &nbsp;&nbsp;&nbsp; $(277482358)<br>| &nbsp;&nbsp;&nbsp; $735 | &nbsp;&nbsp;&nbsp; $(292)<br>| &nbsp;&nbsp;&nbsp; $17245448 | &nbsp;&nbsp;&nbsp; $494447 |

---

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

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

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

<sup>(e)</sup> The rate shown is the 7-day SEC standardized yield as of January 31, 2026. <br> <sup>(f)</sup> The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower's return of the securities loaned.

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

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

------

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

**Invesco Energy Exploration & Production ETF (PXE)**

January 31, 2026

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-100.00%** | **Common Stocks & Other Equity Interests-100.00%** | **Common Stocks & Other Equity Interests-100.00%** |
| **Gas Utilities-2.77%** | **Gas Utilities-2.77%** | **Gas Utilities-2.77%** |
| National Fuel Gas Co. | 25132 | &nbsp;&nbsp; $2104805 |
| **Integrated Oil & Gas-5.29%** | **Integrated Oil & Gas-5.29%** | **Integrated Oil & Gas-5.29%** |
| Occidental Petroleum Corp. | 88655 | &nbsp;&nbsp; 4024050 |
| **Oil & Gas Exploration & Production-68.66%** | **Oil & Gas Exploration & Production-68.66%** | **Oil & Gas Exploration & Production-68.66%** |
| Antero Resources Corp.<sup>(b)</sup> | 57966 | &nbsp;&nbsp; 2108223 |
| APA Corp. | 82070 | &nbsp;&nbsp; 2167469 |
| California Resources Corp. | 42966 | &nbsp;&nbsp; 2298681 |
| Chord Energy Corp. | 21472 | &nbsp;&nbsp; 2152353 |
| CNX Resources Corp.<sup>(b)(c)</sup> | 53435 | &nbsp;&nbsp; 2073278 |
| Coterra Energy, Inc. | 140179 | &nbsp;&nbsp; 4044164 |
| Crescent Energy Co., Class A<sup>(c)</sup> | 218715 | &nbsp;&nbsp; 2136846 |
| Devon Energy Corp. | 102227 | &nbsp;&nbsp; 4110548 |
| Diamondback Energy, Inc. | 24879 | &nbsp;&nbsp; 4078912 |
| EQT Corp. | 63837 | &nbsp;&nbsp; 3685310 |
| Gulfport Energy Corp.<sup>(b)</sup> | 9600 | &nbsp;&nbsp; 1960032 |
| Mach Natural Resources L.P. | 174062 | &nbsp;&nbsp; 2034785 |
| Magnolia Oil & Gas Corp., Class A<sup>(c)</sup> | 86798 | &nbsp;&nbsp; 2214217 |
| Matador Resources Co. | 48487 | &nbsp;&nbsp; 2193552 |
| Murphy Oil Corp.<sup>(c)</sup> | 64318 | &nbsp;&nbsp; 1935329 |
| Northern Oil and Gas, Inc.<sup>(c)</sup> | 91991 | &nbsp;&nbsp; 2299775 |
| Ovintiv, Inc. | 50609 | &nbsp;&nbsp; 2199973 |
| Permian Resources Corp. | 143301 | &nbsp;&nbsp; 2311445 |
| Range Resources Corp. | 52370 | &nbsp;&nbsp; 1982204 |
| SM Energy Co.<sup>(c)</sup> | 108702 | &nbsp;&nbsp; 2116428 |
| Talos Energy, Inc.<sup>(b)(c)</sup> | 178085 | &nbsp;&nbsp; 2122773 |
|  |  | &nbsp;&nbsp; 52226297 |
| **Oil & Gas Refining & Marketing-23.28%** | **Oil & Gas Refining & Marketing-23.28%** | **Oil & Gas Refining & Marketing-23.28%** |
| CVR Energy, Inc.<sup>(b)(c)</sup> | 58111 | &nbsp;&nbsp; 1321444 |
| Delek US Holdings, Inc.<sup>(c)</sup> | 52646 | &nbsp;&nbsp; 1553584 |
| HF Sinclair Corp. | 37688 | &nbsp;&nbsp; 1959399 |
| Marathon Petroleum Corp. | 19311 | &nbsp;&nbsp; 3402405 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Oil & Gas Refining & Marketing-(continued)** | **Oil & Gas Refining & Marketing-(continued)** | **Oil & Gas Refining & Marketing-(continued)** |
| Par Pacific Holdings, Inc.<sup>(b)</sup> | 44906 | &nbsp;&nbsp; $1694752 |
| Phillips 66 | 27571 | &nbsp;&nbsp; 3958093 |
| Valero Energy Corp. | 21062 | &nbsp;&nbsp; 3821279 |
|  |  | &nbsp;&nbsp; 17710956 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $74,437,625) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $74,437,625) | &nbsp;&nbsp; 76066108 |
| **Money Market Funds-0.17%** | **Money Market Funds-0.17%** | **Money Market Funds-0.17%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 3.61%<sup>(d)(e)</sup> <br>(Cost $127,667)<br>| 127667 | &nbsp;&nbsp; 127667 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.17% <br>(Cost $74,565,292) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.17% <br>(Cost $74,565,292) | &nbsp;&nbsp; 76193775 |
| **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** | **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** | **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** |
| **Money Market Funds-14.41%** | **Money Market Funds-14.41%** | **Money Market Funds-14.41%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 3.65%<sup>(d)(e)(f)</sup><br>| 2878319 | &nbsp;&nbsp; 2878319 |
| Invesco Private Prime Fund, 3.80%<sup>(d)(e)(f)</sup> | 8077927 | &nbsp;&nbsp; 8080350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $10,958,669) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $10,958,669) | &nbsp;&nbsp; 10958669 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-114.58% <br>(Cost $85,523,961) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-114.58% <br>(Cost $85,523,961) | &nbsp;&nbsp; 87152444 |
| OTHER ASSETS LESS LIABILITIES-(14.58)% | OTHER ASSETS LESS LIABILITIES-(14.58)% | &nbsp;&nbsp; (11091678)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $76060766 |

---

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

---

| | |
|:---|:---|
| Notes to Schedule of Investments: | Notes to Schedule of Investments: |
| <sup>(a)</sup> | Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is <br> the exclusive property and a service mark of MSCI Inc. and Standard & Poor's.<br>|
| <sup>(b)</sup> | Non-income producing security. |
| <sup>(c)</sup> | All or a portion of this security was out on loan at January 31, 2026. |
| <sup>(d)</sup> | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in <br> which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund's transactions in, and earnings from, its investments in <br> affiliates for the nine months ended January 31, 2026.<br>|

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**April 30, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain**<br>| **Value** <br>**January 31, 2026**<br>| **Dividend Income** |
| **Investments in Affiliated** <br> **Money Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & <br> Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; $109484 | &nbsp;&nbsp;&nbsp; $2777978 | &nbsp;&nbsp;&nbsp; $(2759795)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $127667 | &nbsp;&nbsp;&nbsp; $3448 |
| **Investments Purchased** <br> **with Cash Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; 4995382 | &nbsp;&nbsp;&nbsp; 41096856 | &nbsp;&nbsp;&nbsp; (43213919)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 2878319 | &nbsp;&nbsp;&nbsp; 95,641<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp; 13014651 | &nbsp;&nbsp;&nbsp; 97337931 | &nbsp;&nbsp;&nbsp; (102273340)<br>| &nbsp;&nbsp;&nbsp; 512 | &nbsp;&nbsp;&nbsp; 596 | &nbsp;&nbsp;&nbsp; 8080350 | &nbsp;&nbsp;&nbsp; 259,863<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $18119517 | &nbsp;&nbsp;&nbsp; $141212765 | &nbsp;&nbsp;&nbsp; $(148247054)<br>| &nbsp;&nbsp;&nbsp; $512 | &nbsp;&nbsp;&nbsp; $596 | &nbsp;&nbsp;&nbsp; $11086336 | &nbsp;&nbsp;&nbsp; $358952 |

---

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

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

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

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

------

**Invesco Energy Exploration & Production ETF (PXE)—(continued)**

January 31, 2026

*(Unaudited)*

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

<sup>(e)</sup> The rate shown is the 7-day SEC standardized yield as of January 31, 2026. <br> <sup>(f)</sup> The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower's return of the securities loaned.

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

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

------

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

**Invesco Food & Beverage ETF (PBJ)**

January 31, 2026

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-99.93%** | **Common Stocks & Other Equity Interests-99.93%** | **Common Stocks & Other Equity Interests-99.93%** |
| **Agricultural Products & Services-5.79%** | **Agricultural Products & Services-5.79%** | **Agricultural Products & Services-5.79%** |
| Archer-Daniels-Midland Co. | 42789 | &nbsp;&nbsp; $2880127 |
| Fresh Del Monte Produce, Inc. | 72223 | &nbsp;&nbsp; 2864364 |
|  |  | &nbsp;&nbsp; 5744491 |
| **Brewers-2.81%** | **Brewers-2.81%** | **Brewers-2.81%** |
| Boston Beer Co., Inc. (The), Class A<sup>(b)</sup> | 13035 | &nbsp;&nbsp; 2784537 |
| **Fertilizers & Agricultural Chemicals-5.14%** | **Fertilizers & Agricultural Chemicals-5.14%** | **Fertilizers & Agricultural Chemicals-5.14%** |
| Corteva, Inc. | 70071 | &nbsp;&nbsp; 5101169 |
| **Food Distributors-16.43%** | **Food Distributors-16.43%** | **Food Distributors-16.43%** |
| Andersons, Inc. (The) | 50031 | &nbsp;&nbsp; 3101422 |
| Chefs' Warehouse, Inc. (The)<sup>(b)(c)</sup> | 42127 | &nbsp;&nbsp; 2649788 |
| Sysco Corp. | 61591 | &nbsp;&nbsp; 5164405 |
| United Natural Foods, Inc.<sup>(b)</sup> | 70599 | &nbsp;&nbsp; 2628401 |
| US Foods Holding Corp.<sup>(b)</sup> | 32750 | &nbsp;&nbsp; 2738555 |
|  |  | &nbsp;&nbsp; 16282571 |
| **Food Retail-14.58%** | **Food Retail-14.58%** | **Food Retail-14.58%** |
| Albertson's Cos., Inc., Class A | 142935 | &nbsp;&nbsp; 2379868 |
| Ingles Markets, Inc., Class A | 33307 | &nbsp;&nbsp; 2493362 |
| Kroger Co. (The) | 71567 | &nbsp;&nbsp; 4497986 |
| Maplebear, Inc.<sup>(b)</sup> | 62059 | &nbsp;&nbsp; 2306112 |
| Weis Markets, Inc.<sup>(c)</sup> | 38969 | &nbsp;&nbsp; 2772644 |
|  |  | &nbsp;&nbsp; 14449972 |
| **Packaged Foods & Meats-36.87%** | **Packaged Foods & Meats-36.87%** | **Packaged Foods & Meats-36.87%** |
| Cal-Maine Foods, Inc. | 29544 | &nbsp;&nbsp; 2467810 |
| Dole PLC | 179013 | &nbsp;&nbsp; 2851677 |
| Hershey Co. (The) | 24759 | &nbsp;&nbsp; 4821815 |
| JBS N.V., Class A<sup>(b)</sup> | 175508 | &nbsp;&nbsp; 2764251 |
| Kraft Heinz Co. (The) | 182374 | &nbsp;&nbsp; 4329559 |
| Nomad Foods Ltd. (United Kingdom) | 208626 | &nbsp;&nbsp; 2649550 |
| Pilgrim's Pride Corp. | 67052 | &nbsp;&nbsp; 2908045 |
| Post Holdings, Inc.<sup>(b)(c)</sup> | 25865 | &nbsp;&nbsp; 2646248 |
| Seaboard Corp. | 568 | &nbsp;&nbsp; 2886735 |
| Smithfield Foods, Inc. | 118776 | &nbsp;&nbsp; 2838747 |
| Tootsie Roll Industries, Inc.<sup>(c)</sup> | 66332 | &nbsp;&nbsp; 2512656 |
| Tyson Foods, Inc., Class A | 43901 | &nbsp;&nbsp; 2868053 |
|  |  | &nbsp;&nbsp; 36545146 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Soft Drinks & Non-alcoholic Beverages-18.31%** | **Soft Drinks & Non-alcoholic Beverages-18.31%** | **Soft Drinks & Non-alcoholic Beverages-18.31%** |
| Celsius Holdings, Inc.<sup>(b)(c)</sup> | 66183 | &nbsp;&nbsp; $3473284 |
| Coca-Cola Co. (The) | 63390 | &nbsp;&nbsp; 4742206 |
| Monster Beverage Corp.<sup>(b)</sup> | 62827 | &nbsp;&nbsp; 5073908 |
| PepsiCo, Inc. | 31620 | &nbsp;&nbsp; 4857781 |
|  |  | &nbsp;&nbsp; 18147179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $91,934,769) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $91,934,769) | &nbsp;&nbsp; 99055065 |
| **Money Market Funds-0.21%** | **Money Market Funds-0.21%** | **Money Market Funds-0.21%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 3.61%<sup>(d)(e)</sup> <br>(Cost $207,088)<br>| 207088 | &nbsp;&nbsp; 207088 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.14% <br>(Cost $92,141,857) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.14% <br>(Cost $92,141,857) | &nbsp;&nbsp; 99262153 |
| **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** | **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** | **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** |
| **Money Market Funds-10.24%** | **Money Market Funds-10.24%** | **Money Market Funds-10.24%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 3.65%<sup>(d)(e)(f)</sup><br>| 2827625 | &nbsp;&nbsp; 2827625 |
| Invesco Private Prime Fund, 3.80%<sup>(d)(e)(f)</sup> | 7314522 | &nbsp;&nbsp; 7316716 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $10,144,341) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $10,144,341) | &nbsp;&nbsp; 10144341 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-110.38% <br>(Cost $102,286,198) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-110.38% <br>(Cost $102,286,198) | &nbsp;&nbsp; 109406494 |
| OTHER ASSETS LESS LIABILITIES-(10.38)% | OTHER ASSETS LESS LIABILITIES-(10.38)% | &nbsp;&nbsp; (10284581)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $99121913 |

---

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

---

| | |
|:---|:---|
| Notes to Schedule of Investments: | Notes to Schedule of Investments: |
| <sup>(a)</sup> | Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is <br> the exclusive property and a service mark of MSCI Inc. and Standard & Poor's.<br>|
| <sup>(b)</sup> | Non-income producing security. |
| <sup>(c)</sup> | All or a portion of this security was out on loan at January 31, 2026. |
| <sup>(d)</sup> | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in <br> which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund's transactions in, and earnings from, its investments in <br> affiliates for the nine months ended January 31, 2026.<br>|

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**April 30, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain**<br>| **Value** <br>**January 31, 2026**<br>| **Dividend Income** |
| **Investments in Affiliated** <br> **Money Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & <br> Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; $201332 | &nbsp;&nbsp;&nbsp; $2522723 | &nbsp;&nbsp;&nbsp; $(2516967)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $207088 | &nbsp;&nbsp;&nbsp; $5770 |

---

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

------

**Invesco Food & Beverage ETF (PBJ)—(continued)**

January 31, 2026

*(Unaudited)*

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value**<br> **April 30, 2025**<br>| **Purchases**<br> **at Cost**<br>| **Proceeds**<br> **from Sales**<br>| **Change in**<br> **Unrealized**<br> **Appreciation**<br>| **Realized**<br> **Gain**<br>| **Value**<br> **January 31, 2026**<br>| **Dividend Income** |
| **Investments Purchased** <br> **with Cash Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; $3285869 | &nbsp;&nbsp;&nbsp; $68602418 | &nbsp;&nbsp;&nbsp; $(69060662)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $2827625 | &nbsp;&nbsp;&nbsp; $87,025<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp; 8543830 | &nbsp;&nbsp;&nbsp; 115859826 | &nbsp;&nbsp;&nbsp; (117087493)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 553 | &nbsp;&nbsp;&nbsp; 7316716 | &nbsp;&nbsp;&nbsp; 228,966<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $12031031 | &nbsp;&nbsp;&nbsp; $186984967 | &nbsp;&nbsp;&nbsp; $(188665122)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $553 | &nbsp;&nbsp;&nbsp; $10351429 | &nbsp;&nbsp;&nbsp; $321761 |

---

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

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

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

<sup>(e)</sup> The rate shown is the 7-day SEC standardized yield as of January 31, 2026. <br> <sup>(f)</sup> The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower's return of the securities loaned.

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

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

------

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

**Invesco Leisure and Entertainment ETF (PEJ)**

January 31, 2026

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-99.96%** | **Common Stocks & Other Equity Interests-99.96%** | **Common Stocks & Other Equity Interests-99.96%** |
| **Broadcasting-4.86%** | **Broadcasting-4.86%** | **Broadcasting-4.86%** |
| Fox Corp., Class A | 101317 | &nbsp;&nbsp; $7373851 |
| Paramount Skydance Corp.<sup>(b)</sup> | 432869 | &nbsp;&nbsp; 4852462 |
|  |  | &nbsp;&nbsp; 12226313 |
| **Casinos & Gaming-19.03%** | **Casinos & Gaming-19.03%** | **Casinos & Gaming-19.03%** |
| Boyd Gaming Corp. | 80287 | &nbsp;&nbsp; 6787463 |
| Brightstar Lottery PLC<sup>(b)</sup> | 416710 | &nbsp;&nbsp; 6033961 |
| Las Vegas Sands Corp. | 181899 | &nbsp;&nbsp; 9591534 |
| Monarch Casino & Resort, Inc. | 67909 | &nbsp;&nbsp; 6215711 |
| Red Rock Resorts, Inc., Class A<sup>(b)</sup> | 117593 | &nbsp;&nbsp; 7423646 |
| Rush Street Interactive, Inc.<sup>(b)(c)</sup> | 371887 | &nbsp;&nbsp; 6571243 |
| Super Group (SGHC) Ltd. (Guernsey) | 553007 | &nbsp;&nbsp; 5236976 |
|  |  | &nbsp;&nbsp; 47860534 |
| **Food Distributors-8.16%** | **Food Distributors-8.16%** | **Food Distributors-8.16%** |
| Sysco Corp. | 159909 | &nbsp;&nbsp; 13408370 |
| US Foods Holding Corp.<sup>(c)</sup> | 85003 | &nbsp;&nbsp; 7107951 |
|  |  | &nbsp;&nbsp; 20516321 |
| **Food Retail-2.38%** | **Food Retail-2.38%** | **Food Retail-2.38%** |
| Maplebear, Inc.<sup>(c)</sup> | 161177 | &nbsp;&nbsp; 5989337 |
| **Hotels, Resorts & Cruise Lines-10.67%** | **Hotels, Resorts & Cruise Lines-10.67%** | **Hotels, Resorts & Cruise Lines-10.67%** |
| Expedia Group, Inc. | 26160 | &nbsp;&nbsp; 6928214 |
| Hilton Worldwide Holdings, Inc. | 43546 | &nbsp;&nbsp; 12998917 |
| Travel + Leisure Co. | 99247 | &nbsp;&nbsp; 6901636 |
|  |  | &nbsp;&nbsp; 26828767 |
| **Interactive Media & Services-2.33%** | **Interactive Media & Services-2.33%** | **Interactive Media & Services-2.33%** |
| TripAdvisor, Inc.<sup>(b)(c)</sup> | 441754 | &nbsp;&nbsp; 5870911 |
| **Leisure Facilities-2.89%** | **Leisure Facilities-2.89%** | **Leisure Facilities-2.89%** |
| Life Time Group Holdings, Inc.<sup>(c)</sup> | 249414 | &nbsp;&nbsp; 7275406 |
| **Movies & Entertainment-25.87%** | **Movies & Entertainment-25.87%** | **Movies & Entertainment-25.87%** |
| Cinemark Holdings, Inc.<sup>(b)</sup> | 233010 | &nbsp;&nbsp; 5517677 |
| Live Nation Entertainment, Inc.<sup>(b)(c)</sup> | 95107 | &nbsp;&nbsp; 13833313 |
| &nbsp;&nbsp;&nbsp; Madison Square Garden Entertainment <br> Corp.<sup>(b)(c)</sup><br>| 138007 | &nbsp;&nbsp; 8538493 |
| &nbsp;&nbsp;&nbsp; Manchester United PLC, Class A (United <br> Kingdom)<sup>(b)(c)</sup><br>| 426644 | &nbsp;&nbsp; 7551599 |
| Sphere Entertainment Co.<sup>(b)(c)</sup> | 83586 | &nbsp;&nbsp; 7983299 |
| TKO Group Holdings, Inc. | 35856 | &nbsp;&nbsp; 7263708 |
| Warner Bros. Discovery, Inc.<sup>(c)</sup> | 522620 | &nbsp;&nbsp; 14392954 |
|  |  | &nbsp;&nbsp; 65081043 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Passenger Airlines-10.68%** | **Passenger Airlines-10.68%** | **Passenger Airlines-10.68%** |
| Copa Holdings S.A., Class A (Panama)<sup>(b)</sup> | 55224 | &nbsp;&nbsp; $7532554 |
| SkyWest, Inc.<sup>(c)</sup> | 67729 | &nbsp;&nbsp; 6537203 |
| United Airlines Holdings, Inc.<sup>(c)</sup> | 124937 | &nbsp;&nbsp; 12783554 |
|  |  | &nbsp;&nbsp; 26853311 |
| **Passenger Ground Transportation-4.54%** | **Passenger Ground Transportation-4.54%** | **Passenger Ground Transportation-4.54%** |
| Uber Technologies, Inc.<sup>(c)</sup> | 142742 | &nbsp;&nbsp; 11426497 |
| **Restaurants-8.55%** | **Restaurants-8.55%** | **Restaurants-8.55%** |
| Biglari Holdings, Inc., Class B<sup>(b)(c)</sup> | 22701 | &nbsp;&nbsp; 8513556 |
| DoorDash, Inc., Class A<sup>(c)</sup> | 63519 | &nbsp;&nbsp; 12997258 |
|  |  | &nbsp;&nbsp; 21510814 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $234,185,543) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $234,185,543) | &nbsp;&nbsp; 251439254 |
| **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, 3.61%<sup>(d)(e)</sup> <br>(Cost $242,622)<br>| 242622 | &nbsp;&nbsp; 242622 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.06% <br>(Cost $234,428,165) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.06% <br>(Cost $234,428,165) | &nbsp;&nbsp; 251681876 |
| **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** | **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** | **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** |
| **Money Market Funds-14.25%** | **Money Market Funds-14.25%** | **Money Market Funds-14.25%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 3.65%<sup>(d)(e)(f)</sup><br>| 9852913 | &nbsp;&nbsp; 9852913 |
| Invesco Private Prime Fund, 3.80%<sup>(d)(e)(f)</sup> | 25993242 | &nbsp;&nbsp; 26001040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $35,853,953) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $35,853,953) | &nbsp;&nbsp; 35853953 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-114.31% <br>(Cost $270,282,118) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-114.31% <br>(Cost $270,282,118) | &nbsp;&nbsp; 287535829 |
| OTHER ASSETS LESS LIABILITIES-(14.31)% | OTHER ASSETS LESS LIABILITIES-(14.31)% | &nbsp;&nbsp; (36000683)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $251535146 |

---

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

---

| | |
|:---|:---|
| Notes to Schedule of Investments: | Notes to Schedule of Investments: |
| <sup>(a)</sup> | Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is <br> the exclusive property and a service mark of MSCI Inc. and Standard & Poor's.<br>|
| <sup>(b)</sup> | All or a portion of this security was out on loan at January 31, 2026. |
| <sup>(c)</sup> | Non-income producing security. |
| <sup>(d)</sup> | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in <br> which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund's transactions in, and earnings from, its investments in <br> affiliates for the nine months ended January 31, 2026.<br>|

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**April 30, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain**<br>| **Value** <br>**January 31, 2026**<br>| **Dividend Income** |
| **Investments in Affiliated** <br> **Money Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & <br> Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; $265533 | &nbsp;&nbsp;&nbsp; $2249392 | &nbsp;&nbsp;&nbsp; $(2272303)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $242622 | &nbsp;&nbsp;&nbsp; $8622 |

---

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

------

**Invesco Leisure and Entertainment ETF (PEJ)—(continued)**

January 31, 2026

*(Unaudited)*

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value**<br> **April 30, 2025**<br>| **Purchases**<br> **at Cost**<br>| **Proceeds**<br> **from Sales**<br>| **Change in**<br> **Unrealized**<br> **Appreciation**<br>| **Realized**<br> **Gain**<br>| **Value**<br> **January 31, 2026**<br>| **Dividend Income** |
| **Investments Purchased** <br> **with Cash Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; $28133782 | &nbsp;&nbsp;&nbsp; $170379849 | &nbsp;&nbsp;&nbsp; $(188660718)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $9852913 | &nbsp;&nbsp;&nbsp; $452,228<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp; 52467864 | &nbsp;&nbsp;&nbsp; 368590484 | &nbsp;&nbsp;&nbsp; (395058914)<br>| &nbsp;&nbsp;&nbsp; 317 | &nbsp;&nbsp;&nbsp; 1289 | &nbsp;&nbsp;&nbsp; 26001040 | &nbsp;&nbsp;&nbsp; 1,223,106<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $80867179 | &nbsp;&nbsp;&nbsp; $541219725 | &nbsp;&nbsp;&nbsp; $(585991935)<br>| &nbsp;&nbsp;&nbsp; $317 | &nbsp;&nbsp;&nbsp; $1289 | &nbsp;&nbsp;&nbsp; $36096575 | &nbsp;&nbsp;&nbsp; $1683956 |

---

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

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

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

<sup>(e)</sup> The rate shown is the 7-day SEC standardized yield as of January 31, 2026. <br> <sup>(f)</sup> The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower's return of the securities loaned.

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

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

------

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

**Invesco Next Gen Connectivity ETF (KNCT)**

January 31, 2026

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-99.80%** | **Common Stocks & Other Equity Interests-99.80%** | **Common Stocks & Other Equity Interests-99.80%** |
| **Application Software-3.68%** | **Application Software-3.68%** | **Application Software-3.68%** |
| Cadence Design Systems, Inc.<sup>(b)</sup> | 4125 | &nbsp;&nbsp; $1222485 |
| Confluent, Inc., Class A<sup>(b)</sup> | 5363 | &nbsp;&nbsp; 163786 |
| Datadog, Inc., Class A<sup>(b)</sup> | 5868 | &nbsp;&nbsp; 758850 |
| DocuSign, Inc.<sup>(b)</sup> | 3615 | &nbsp;&nbsp; 189932 |
| Dynatrace, Inc.<sup>(b)</sup> | 5416 | &nbsp;&nbsp; 206295 |
| Nutanix, Inc., Class A<sup>(b)</sup> | 4863 | &nbsp;&nbsp; 191262 |
| Synopsys, Inc.<sup>(b)</sup> | 3263 | &nbsp;&nbsp; 1517670 |
|  |  | &nbsp;&nbsp; 4250280 |
| **Cable & Satellite-1.31%** | **Cable & Satellite-1.31%** | **Cable & Satellite-1.31%** |
| Charter Communications, Inc., Class A<sup>(b)(c)</sup> | 1521 | &nbsp;&nbsp; 313509 |
| Comcast Corp., Class A | 40330 | &nbsp;&nbsp; 1199817 |
|  |  | &nbsp;&nbsp; 1513326 |
| **Communications Equipment-9.84%** | **Communications Equipment-9.84%** | **Communications Equipment-9.84%** |
| Accton Technology Corp. (Taiwan) | 9237 | &nbsp;&nbsp; 322956 |
| Arista Networks, Inc.<sup>(b)</sup> | 19383 | &nbsp;&nbsp; 2747346 |
| Ciena Corp.<sup>(b)</sup> | 2544 | &nbsp;&nbsp; 640605 |
| Cisco Systems, Inc. | 65754 | &nbsp;&nbsp; 5149853 |
| F5, Inc.<sup>(b)</sup> | 1038 | &nbsp;&nbsp; 286083 |
| Motorola Solutions, Inc. | 2565 | &nbsp;&nbsp; 1032515 |
| Nokia OYJ (Finland) | 96976 | &nbsp;&nbsp; 626880 |
| &nbsp;&nbsp;&nbsp; Telefonaktiebolaget LM Ericsson, Class B <br> (Sweden)<br>| 51966 | &nbsp;&nbsp; 566313 |
|  |  | &nbsp;&nbsp; 11372551 |
| **Construction & Engineering-0.15%** | **Construction & Engineering-0.15%** | **Construction & Engineering-0.15%** |
| Dycom Industries, Inc.<sup>(b)</sup> | 472 | &nbsp;&nbsp; 171992 |
| **Data Center REITs-2.09%** | **Data Center REITs-2.09%** | **Data Center REITs-2.09%** |
| Digital Realty Trust, Inc. | 5805 | &nbsp;&nbsp; 963340 |
| Equinix, Inc. | 1771 | &nbsp;&nbsp; 1453867 |
|  |  | &nbsp;&nbsp; 2417207 |
| **Electrical Components & Equipment-0.53%** | **Electrical Components & Equipment-0.53%** | **Electrical Components & Equipment-0.53%** |
| Fujikura Ltd. (Japan) | 4839 | &nbsp;&nbsp; 610171 |
| **Electronic Components-2.38%** | **Electronic Components-2.38%** | **Electronic Components-2.38%** |
| Amphenol Corp., Class A | 13896 | &nbsp;&nbsp; 2002136 |
| Coherent Corp.<sup>(b)</sup> | 2839 | &nbsp;&nbsp; 602379 |
| Largan Precision Co. Ltd. (Taiwan) | 1930 | &nbsp;&nbsp; 147099 |
|  |  | &nbsp;&nbsp; 2751614 |
| **Electronic Equipment & Instruments-0.40%** | **Electronic Equipment & Instruments-0.40%** | **Electronic Equipment & Instruments-0.40%** |
| Keysight Technologies, Inc.<sup>(b)</sup> | 2132 | &nbsp;&nbsp; 461215 |
| **Electronic Manufacturing Services-0.81%** | **Electronic Manufacturing Services-0.81%** | **Electronic Manufacturing Services-0.81%** |
| TE Connectivity PLC (Switzerland) | 4222 | &nbsp;&nbsp; 940577 |
| **Integrated Telecommunication Services-9.64%** | **Integrated Telecommunication Services-9.64%** | **Integrated Telecommunication Services-9.64%** |
| AT&T, Inc. | 126116 | &nbsp;&nbsp; 3305500 |
| BCE, Inc. (Canada)<sup>(c)</sup> | 7033 | &nbsp;&nbsp; 182817 |
| BT Group PLC (United Kingdom) | 77109 | &nbsp;&nbsp; 203261 |
| Cellnex Telecom S.A. (Spain)<sup>(d)</sup> | 8336 | &nbsp;&nbsp; 258769 |
| China Tower Corp. Ltd., H Shares (China)<sup>(d)</sup> | 75323 | &nbsp;&nbsp; 108406 |
| Chunghwa Telecom Co. Ltd. (Taiwan) | 38346 | &nbsp;&nbsp; 162604 |
| Deutsche Telekom AG (Germany) | 40917 | &nbsp;&nbsp; 1378086 |
| Elisa OYJ (Finland) | 2700 | &nbsp;&nbsp; 119868 |
| NTT, Inc. (Japan) | 221864 | &nbsp;&nbsp; 223669 |
| Orange S.A. (France) | 23218 | &nbsp;&nbsp; 433190 |
| &nbsp;&nbsp;&nbsp; PT Telkom Indonesia (Persero) Tbk <br> (Indonesia)<br>| 787956 | &nbsp;&nbsp; 168434 |
| Swisscom AG (Switzerland) | 254 | &nbsp;&nbsp; 209367 |
| Telefonica S.A. (Spain)<sup>(c)</sup> | 66225 | &nbsp;&nbsp; 269071 |
| Telenor ASA (Norway) | 9897 | &nbsp;&nbsp; 167337 |
| Telia Co. AB (Sweden)<sup>(c)</sup> | 34698 | &nbsp;&nbsp; 159506 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Integrated Telecommunication Services-(continued)** | **Integrated Telecommunication Services-(continued)** | **Integrated Telecommunication Services-(continued)** |
| Telstra Group Ltd. (Australia) | 64582 | &nbsp;&nbsp; $220727 |
| TELUS Corp. (Canada) | 13235 | &nbsp;&nbsp; 185700 |
| Verizon Communications, Inc. | 75978 | &nbsp;&nbsp; 3382541 |
|  |  | &nbsp;&nbsp; 11138853 |
| **Internet Services & Infrastructure-1.79%** | **Internet Services & Infrastructure-1.79%** | **Internet Services & Infrastructure-1.79%** |
| Akamai Technologies, Inc.<sup>(b)</sup> | 2585 | &nbsp;&nbsp; 251133 |
| Cloudflare, Inc., Class A<sup>(b)</sup> | 5692 | &nbsp;&nbsp; 1009476 |
| MongoDB, Inc.<sup>(b)</sup> | 1469 | &nbsp;&nbsp; 545484 |
| Okta, Inc.<sup>(b)(c)</sup> | 3044 | &nbsp;&nbsp; 257157 |
|  |  | &nbsp;&nbsp; 2063250 |
| **IT Consulting & Other Services-6.01%** | **IT Consulting & Other Services-6.01%** | **IT Consulting & Other Services-6.01%** |
| Accenture PLC, Class A | 6794 | &nbsp;&nbsp; 1791170 |
| Fujitsu Ltd. (Japan) | 17811 | &nbsp;&nbsp; 496497 |
| International Business Machines Corp. | 12301 | &nbsp;&nbsp; 3772717 |
| Kyndryl Holdings, Inc.<sup>(b)(c)</sup> | 3704 | &nbsp;&nbsp; 85192 |
| NEC Corp. (Japan) | 16556 | &nbsp;&nbsp; 563062 |
| TIS, Inc. (Japan) | 3288 | &nbsp;&nbsp; 95986 |
| Wipro Ltd. (India) | 55760 | &nbsp;&nbsp; 143871 |
|  |  | &nbsp;&nbsp; 6948495 |
| **Research & Consulting Services-0.29%** | **Research & Consulting Services-0.29%** | **Research & Consulting Services-0.29%** |
| Booz Allen Hamilton Holding Corp. | 1144 | &nbsp;&nbsp; 101153 |
| CACI International, Inc., Class A<sup>(b)</sup> | 380 | &nbsp;&nbsp; 235820 |
|  |  | &nbsp;&nbsp; 336973 |
| **Security & Alarm Services-0.16%** | **Security & Alarm Services-0.16%** | **Security & Alarm Services-0.16%** |
| Secom Co. Ltd. (Japan) | 4872 | &nbsp;&nbsp; 179057 |
| **Semiconductors-33.46%** | **Semiconductors-33.46%** | **Semiconductors-33.46%** |
| ARM Holdings PLC, ADR<sup>(b)(c)</sup> | 2486 | &nbsp;&nbsp; 261925 |
| Broadcom, Inc. | 21705 | &nbsp;&nbsp; 7190867 |
| Credo Technology Group Holding Ltd.<sup>(b)</sup> | 3125 | &nbsp;&nbsp; 391500 |
| Intel Corp.<sup>(b)</sup> | 81279 | &nbsp;&nbsp; 3777035 |
| Lattice Semiconductor Corp.<sup>(b)</sup> | 2477 | &nbsp;&nbsp; 199448 |
| MACOM Technology Solutions Holdings, Inc.<sup>(b)</sup> | 600 | &nbsp;&nbsp; 131436 |
| Marvell Technology, Inc. | 15552 | &nbsp;&nbsp; 1227364 |
| Microchip Technology, Inc. | 7181 | &nbsp;&nbsp; 545182 |
| Micron Technology, Inc. | 16528 | &nbsp;&nbsp; 6857137 |
| QUALCOMM, Inc. | 19290 | &nbsp;&nbsp; 2924171 |
| Rambus, Inc.<sup>(b)</sup> | 1934 | &nbsp;&nbsp; 220147 |
| SK hynix, Inc. (South Korea) | 6628 | &nbsp;&nbsp; 4138374 |
| &nbsp;&nbsp;&nbsp; Taiwan Semiconductor Manufacturing Co. Ltd. <br> (Taiwan)<br>| 187582 | &nbsp;&nbsp; 10372522 |
| United Microelectronics Corp. (Taiwan) | 215383 | &nbsp;&nbsp; 428559 |
|  |  | &nbsp;&nbsp; 38665667 |
| **Systems Software-5.61%** | **Systems Software-5.61%** | **Systems Software-5.61%** |
| &nbsp;&nbsp;&nbsp; Check Point Software Technologies Ltd. <br> (Israel)<sup>(b)</sup><br>| 1504 | &nbsp;&nbsp; 269983 |
| Commvault Systems, Inc.<sup>(b)</sup> | 745 | &nbsp;&nbsp; 63847 |
| CrowdStrike Holdings, Inc., Class A<sup>(b)</sup> | 4522 | &nbsp;&nbsp; 1996033 |
| CyberArk Software Ltd.<sup>(b)</sup> | 912 | &nbsp;&nbsp; 392917 |
| Fortinet, Inc.<sup>(b)</sup> | 11326 | &nbsp;&nbsp; 920351 |
| Palo Alto Networks, Inc.<sup>(b)</sup> | 12560 | &nbsp;&nbsp; 2222743 |
| Rubrik, Inc., Class A<sup>(b)</sup> | 2578 | &nbsp;&nbsp; 144239 |
| Trend Micro, Inc. (Japan)<sup>(b)</sup> | 2366 | &nbsp;&nbsp; 93114 |
| Zscaler, Inc.<sup>(b)</sup> | 1869 | &nbsp;&nbsp; 373819 |
|  |  | &nbsp;&nbsp; 6477046 |
| **Technology Hardware, Storage & Peripherals-14.33%** | **Technology Hardware, Storage & Peripherals-14.33%** | **Technology Hardware, Storage & Peripherals-14.33%** |
| Apple, Inc. | 31724 | &nbsp;&nbsp; 8231744 |
| Lite-On Technology Corp. (Taiwan) | 24197 | &nbsp;&nbsp; 124377 |
| NetApp, Inc. | 3603 | &nbsp;&nbsp; 347149 |

---

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

------

**Invesco Next Gen Connectivity ETF (KNCT)—(continued)**

January 31, 2026

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Technology Hardware, Storage & Peripherals-(continued)** | **Technology Hardware, Storage & Peripherals-(continued)** | **Technology Hardware, Storage & Peripherals-(continued)** |
| Samsung Electronics Co. Ltd. (South Korea) | 63063 | &nbsp;&nbsp; $6966871 |
| Xiaomi Corp., B Shares (China)<sup>(b)(c)(d)</sup> | 195797 | &nbsp;&nbsp; 886561 |
|  |  | &nbsp;&nbsp; 16556702 |
| **Telecom Tower REITs-2.02%** | **Telecom Tower REITs-2.02%** | **Telecom Tower REITs-2.02%** |
| American Tower Corp. | 8442 | &nbsp;&nbsp; 1513482 |
| Crown Castle, Inc. | 5336 | &nbsp;&nbsp; 463218 |
| SBA Communications Corp., Class A | 1917 | &nbsp;&nbsp; 352939 |
|  |  | &nbsp;&nbsp; 2329639 |
| **Wireless Telecommunication Services-5.30%** | **Wireless Telecommunication Services-5.30%** | **Wireless Telecommunication Services-5.30%** |
| America Movil S.A.B. de C.V., Class B (Mexico) | 397439 | &nbsp;&nbsp; 412629 |
| Bharti Airtel Ltd. (India) | 50283 | &nbsp;&nbsp; 1078418 |
| KDDI Corp. (Japan) | 42455 | &nbsp;&nbsp; 719133 |
| SoftBank Corp. (Japan) | 281223 | &nbsp;&nbsp; 383494 |
| SoftBank Group Corp. (Japan) | 38008 | &nbsp;&nbsp; 1041263 |
| Tele2 AB, Class B (Sweden) | 7831 | &nbsp;&nbsp; 144978 |
| T-Mobile US, Inc. | 9666 | &nbsp;&nbsp; 1906232 |
| Vodafone Group PLC (United Kingdom) | 293616 | &nbsp;&nbsp; 433649 |
|  |  | &nbsp;&nbsp; 6119796 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $94,834,823) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $94,834,823) | &nbsp;&nbsp; 115304411 |
| **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, 3.61%<sup>(e)(f)</sup> <br>(Cost $116,512)<br>| 116512 | &nbsp;&nbsp; 116512 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.90% <br>(Cost $94,951,335) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.90% <br>(Cost $94,951,335) | &nbsp;&nbsp; 115420923 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** | **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** | **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** |
| **Money Market Funds-1.57%** | **Money Market Funds-1.57%** | **Money Market Funds-1.57%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 3.65%<sup>(e)(f)(g)</sup><br>| 504708 | &nbsp;&nbsp; $504708 |
| Invesco Private Prime Fund, 3.80%<sup>(e)(f)(g)</sup> | 1310716 | &nbsp;&nbsp; 1311109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $1,815,817) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $1,815,817) | &nbsp;&nbsp; 1815817 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-101.47% <br>(Cost $96,767,152) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-101.47% <br>(Cost $96,767,152) | &nbsp;&nbsp; 117236740 |
| OTHER ASSETS LESS LIABILITIES-(1.47)% | OTHER ASSETS LESS LIABILITIES-(1.47)% | &nbsp;&nbsp; (1693099)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $115543641 |

---

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

Investment Abbreviations: <br> ADR -American Depositary Receipt <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 January 31, 2026. |
| <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 aggregate value of these securities at <br> January 31, 2026 was $1,253,736, which represented 1.09% of the Fund's Net Assets.<br>|
| <sup>(e)</sup> | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in <br> which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund's transactions in, and earnings from, its investments in <br> affiliates for the nine months ended January 31, 2026.<br>|

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**April 30, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain**<br>| **Value** <br>**January 31, 2026**<br>| **Dividend Income** |
| **Investments in Affiliated** <br> **Money Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & <br> Agency Portfolio, Institutional <br> Class<br>| &nbsp;&nbsp;&nbsp; $13591 | &nbsp;&nbsp;&nbsp; $3698711 | &nbsp;&nbsp;&nbsp; $(3595790)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $116512 | &nbsp;&nbsp;&nbsp; $1920 |

---

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

------

**Invesco Next Gen Connectivity ETF (KNCT)—(continued)**

January 31, 2026

*(Unaudited)*

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value**<br> **April 30, 2025**<br>| **Purchases**<br> **at Cost**<br>| **Proceeds**<br> **from Sales**<br>| **Change in**<br> **Unrealized**<br> **Appreciation**<br>| **Realized**<br> **Gain**<br>| **Value**<br> **January 31, 2026**<br>| **Dividend Income** |
| **Investments Purchased with** <br> **Cash Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private Government <br> Fund<br>| &nbsp;&nbsp;&nbsp; $406458 | &nbsp;&nbsp;&nbsp; $8874566 | &nbsp;&nbsp;&nbsp; $(8776316)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $504708 | &nbsp;&nbsp;&nbsp; $11,625<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp; 1057852 | &nbsp;&nbsp;&nbsp; 16931712 | &nbsp;&nbsp;&nbsp; (16678500)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 45 | &nbsp;&nbsp;&nbsp; 1311109 | &nbsp;&nbsp;&nbsp; 30,966<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $1477901 | &nbsp;&nbsp;&nbsp; $29504989 | &nbsp;&nbsp;&nbsp; $(29050606)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $45 | &nbsp;&nbsp;&nbsp; $1932329 | &nbsp;&nbsp;&nbsp; $44511 |

---

&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 January 31, 2026. <br> <sup>(g)</sup> The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower's return of the securities loaned.

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

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

------

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

**Invesco Next Gen Media and Gaming ETF (GGME)**

January 31, 2026

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-99.97%** | **Common Stocks & Other Equity Interests-99.97%** | **Common Stocks & Other Equity Interests-99.97%** |
| **Advertising-0.92%** | **Advertising-0.92%** | **Advertising-0.92%** |
| Magnite, Inc.<sup>(b)(c)</sup> | 4610 | &nbsp;&nbsp; $66707 |
| Trade Desk, Inc. (The), Class A<sup>(b)</sup> | 14391 | &nbsp;&nbsp; 436479 |
|  |  | &nbsp;&nbsp; 503186 |
| **Application Software-12.05%** | **Application Software-12.05%** | **Application Software-12.05%** |
| Adobe, Inc.<sup>(b)</sup> | 7561 | &nbsp;&nbsp; 2217263 |
| Autodesk, Inc.<sup>(b)</sup> | 6841 | &nbsp;&nbsp; 1729884 |
| &nbsp;&nbsp;&nbsp; Beijing Kingsoft Office Software, Inc., A Shares <br> (China)<br>| 1003 | &nbsp;&nbsp; 48549 |
| Bentley Systems, Inc., Class B<sup>(c)</sup> | 6428 | &nbsp;&nbsp; 225751 |
| Catapult Sports Ltd. (Australia)<sup>(b)</sup> | 5132 | &nbsp;&nbsp; 12521 |
| Dassault Systemes SE (France) | 23801 | &nbsp;&nbsp; 657017 |
| DoubleVerify Holdings, Inc.<sup>(b)</sup> | 4314 | &nbsp;&nbsp; 46678 |
| Iflytek Co. Ltd., A Shares (China) | 3048 | &nbsp;&nbsp; 26104 |
| Life360, Inc.<sup>(b)(c)</sup> | 2174 | &nbsp;&nbsp; 124548 |
| Nemetschek SE (Germany) | 1260 | &nbsp;&nbsp; 110491 |
| Riskified Ltd., Class A<sup>(b)</sup> | 3136 | &nbsp;&nbsp; 13359 |
| Sinch AB<sup>(b)(c)(d)</sup> | 18184 | &nbsp;&nbsp; 54827 |
| SoundHound AI, Inc., Class A<sup>(b)(c)</sup> | 12547 | &nbsp;&nbsp; 106148 |
| Unity Software, Inc.<sup>(b)</sup> | 11788 | &nbsp;&nbsp; 343031 |
| Vobile Group Ltd.<sup>(b)(c)(d)</sup> | 71296 | &nbsp;&nbsp; 44226 |
| Zoom Communications, Inc., Class A<sup>(b)</sup> | 8710 | &nbsp;&nbsp; 802191 |
|  |  | &nbsp;&nbsp; 6562588 |
| **Casinos & Gaming-2.88%** | **Casinos & Gaming-2.88%** | **Casinos & Gaming-2.88%** |
| Aristocrat Leisure Ltd. (Australia) | 20226 | &nbsp;&nbsp; 755923 |
| DraftKings, Inc., Class A<sup>(b)(c)</sup> | 15048 | &nbsp;&nbsp; 413971 |
| Evolution AB (Sweden)<sup>(c)(d)</sup> | 4611 | &nbsp;&nbsp; 301405 |
| Playtech PLC (United Kingdom) | 8981 | &nbsp;&nbsp; 36594 |
| Sportradar Group AG (Switzerland)<sup>(b)</sup> | 3440 | &nbsp;&nbsp; 62298 |
|  |  | &nbsp;&nbsp; 1570191 |
| **Communications Equipment-0.05%** | **Communications Equipment-0.05%** | **Communications Equipment-0.05%** |
| Harmonic, Inc.<sup>(b)</sup> | 2584 | &nbsp;&nbsp; 25116 |
| **Consumer Electronics-0.22%** | **Consumer Electronics-0.22%** | **Consumer Electronics-0.22%** |
| Merry Electronics Co. Ltd. (Taiwan) | 8005 | &nbsp;&nbsp; 25210 |
| Sonos, Inc.<sup>(b)(c)</sup> | 3847 | &nbsp;&nbsp; 55205 |
| TCL Electronics Holdings Ltd. (China) | 27100 | &nbsp;&nbsp; 41674 |
|  |  | &nbsp;&nbsp; 122089 |
| **Electronic Equipment & Instruments-0.84%** | **Electronic Equipment & Instruments-0.84%** | **Electronic Equipment & Instruments-0.84%** |
| Hexagon AB, Class B (Sweden) | 40196 | &nbsp;&nbsp; 456040 |
| **Electronic Manufacturing Services-0.08%** | **Electronic Manufacturing Services-0.08%** | **Electronic Manufacturing Services-0.08%** |
| GoerTek, Inc., A Shares (China) | 5800 | &nbsp;&nbsp; 21716 |
| Primax Electronics Ltd. (Taiwan) | 9606 | &nbsp;&nbsp; 23960 |
|  |  | &nbsp;&nbsp; 45676 |
| **Interactive Home Entertainment-17.94%** | **Interactive Home Entertainment-17.94%** | **Interactive Home Entertainment-17.94%** |
| Capcom Co. Ltd. (Japan) | 10720 | &nbsp;&nbsp; 274127 |
| CD Projekt S.A. (Poland)<sup>(c)</sup> | 1853 | &nbsp;&nbsp; 135899 |
| DeNA Co. Ltd. (Japan) | 1795 | &nbsp;&nbsp; 29531 |
| Electronic Arts, Inc. | 7349 | &nbsp;&nbsp; 1498608 |
| GungHo Online Entertainment, Inc. (Japan)<sup>(b)</sup> | 1410 | &nbsp;&nbsp; 24042 |
| Kingsoft Corp. Ltd. (China)<sup>(c)</sup> | 34082 | &nbsp;&nbsp; 130794 |
| Koei Tecmo Holdings Co. Ltd. (Japan) | 4116 | &nbsp;&nbsp; 45803 |
| Konami Group Corp. (Japan) | 2944 | &nbsp;&nbsp; 431286 |
| Krafton, Inc. (South Korea)<sup>(b)</sup> | 1012 | &nbsp;&nbsp; 177663 |
| Mixi, Inc. (Japan) | 1211 | &nbsp;&nbsp; 21387 |
| &nbsp;&nbsp;&nbsp; Modern Times Group MTG AB, Class B <br> (Sweden)<sup>(b)</sup><br>| 2850 | &nbsp;&nbsp; 33477 |
| NCSoft Corp. (South Korea) | 422 | &nbsp;&nbsp; 68626 |
| NetEase, Inc. (China) | 51773 | &nbsp;&nbsp; 1342891 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Interactive Home Entertainment-(continued)** | **Interactive Home Entertainment-(continued)** | **Interactive Home Entertainment-(continued)** |
| &nbsp;&nbsp;&nbsp; Netmarble Corp. (South Korea), (Acquired <br> 08/25/2023 - 03/06/2025; <br> Cost $30,278)<sup>(b)(d)(e)</sup><br>| 993 | &nbsp;&nbsp; $36324 |
| Nexon Co. Ltd. (Japan) | 15085 | &nbsp;&nbsp; 362067 |
| Nintendo Co. Ltd. (Japan) | 36079 | &nbsp;&nbsp; 2241454 |
| Paradox Interactive AB (Sweden) | 1231 | &nbsp;&nbsp; 18056 |
| Pearl Abyss Corp. (South Korea)<sup>(b)</sup> | 1241 | &nbsp;&nbsp; 49187 |
| Roblox Corp., Class A<sup>(b)</sup> | 21439 | &nbsp;&nbsp; 1409829 |
| Square Enix Holdings Co. Ltd. (Japan) | 6301 | &nbsp;&nbsp; 109244 |
| Take-Two Interactive Software, Inc.<sup>(b)</sup> | 5672 | &nbsp;&nbsp; 1249541 |
| Ubisoft Entertainment S.A. (France)<sup>(b)(c)</sup> | 3352 | &nbsp;&nbsp; 17356 |
| XD, Inc. (China)<sup>(c)(d)</sup> | 6270 | &nbsp;&nbsp; 68878 |
|  |  | &nbsp;&nbsp; 9776070 |
| **Interactive Media & Services-12.72%** | **Interactive Media & Services-12.72%** | **Interactive Media & Services-12.72%** |
| fuboTV, Inc.<sup>(b)(c)</sup> | 10856 | &nbsp;&nbsp; 24209 |
| Hello Group, Inc., ADR (China) | 3728 | &nbsp;&nbsp; 25425 |
| JOYY, Inc., ADR (China) | 873 | &nbsp;&nbsp; 56177 |
| Meta Platforms, Inc., Class A | 7218 | &nbsp;&nbsp; 5171697 |
| Newborn Town, Inc. (China)<sup>(b)(d)</sup> | 21177 | &nbsp;&nbsp; 31151 |
| Pinterest, Inc., Class A<sup>(b)</sup> | 19463 | &nbsp;&nbsp; 430716 |
| Reddit, Inc., Class A<sup>(b)</sup> | 4514 | &nbsp;&nbsp; 813739 |
| Snap, Inc., Class A<sup>(b)</sup> | 40035 | &nbsp;&nbsp; 277442 |
| Trump Media & Technology Group Corp.<sup>(b)</sup> | 5278 | &nbsp;&nbsp; 67453 |
| Weibo Corp., A Shares (China) | 3236 | &nbsp;&nbsp; 34565 |
|  |  | &nbsp;&nbsp; 6932574 |
| **Internet Services & Infrastructure-3.36%** | **Internet Services & Infrastructure-3.36%** | **Internet Services & Infrastructure-3.36%** |
| Cloudflare, Inc., Class A<sup>(b)</sup> | 10319 | &nbsp;&nbsp; 1830075 |
| **Leisure Products-0.46%** | **Leisure Products-0.46%** | **Leisure Products-0.46%** |
| Peloton Interactive, Inc., Class A<sup>(b)(c)</sup> | 8087 | &nbsp;&nbsp; 45206 |
| Sankyo Co. Ltd. (Japan) | 6553 | &nbsp;&nbsp; 102838 |
| Sega Sammy Holdings, Inc. (Japan) | 5366 | &nbsp;&nbsp; 84438 |
| Tsuburaya Fields Holdings, Inc. (Japan) | 1410 | &nbsp;&nbsp; 16760 |
|  |  | &nbsp;&nbsp; 249242 |
| **Movies & Entertainment-13.27%** | **Movies & Entertainment-13.27%** | **Movies & Entertainment-13.27%** |
| China Ruyi Holdings Ltd. (China)<sup>(b)</sup> | 353817 | &nbsp;&nbsp; 97885 |
| iQIYI, Inc., ADR (China)<sup>(b)</sup> | 13782 | &nbsp;&nbsp; 28667 |
| NetEase Cloud Music, Inc. (China)<sup>(b)(c)(d)</sup> | 2887 | &nbsp;&nbsp; 66639 |
| Netflix, Inc.<sup>(b)</sup> | 50056 | &nbsp;&nbsp; 4179175 |
| Roku, Inc., Class A<sup>(b)</sup> | 4278 | &nbsp;&nbsp; 407266 |
| Spotify Technology S.A. (Sweden)<sup>(b)</sup> | 4421 | &nbsp;&nbsp; 2212047 |
| &nbsp;&nbsp;&nbsp; Tencent Music Entertainment Group, ADR <br> (China)<br>| 14331 | &nbsp;&nbsp; 240474 |
|  |  | &nbsp;&nbsp; 7232153 |
| **Semiconductors-22.91%** | **Semiconductors-22.91%** | **Semiconductors-22.91%** |
| Advanced Micro Devices, Inc.<sup>(b)</sup> | 21278 | &nbsp;&nbsp; 5037141 |
| Ambarella, Inc.<sup>(b)</sup> | 1390 | &nbsp;&nbsp; 89016 |
| Cambricon Technologies Corp. Ltd. (China)<sup>(b)</sup> | 905 | &nbsp;&nbsp; 163778 |
| NVIDIA Corp. | 26039 | &nbsp;&nbsp; 4976834 |
| QUALCOMM, Inc. | 14612 | &nbsp;&nbsp; 2215033 |
|  |  | &nbsp;&nbsp; 12481802 |
| **Systems Software-0.33%** | **Systems Software-0.33%** | **Systems Software-0.33%** |
| Adeia, Inc. | 3382 | &nbsp;&nbsp; 61180 |
| Dolby Laboratories, Inc., Class A<sup>(c)</sup> | 1826 | &nbsp;&nbsp; 117211 |
|  |  | &nbsp;&nbsp; 178391 |
| **Technology Hardware, Storage & Peripherals-11.78%** | **Technology Hardware, Storage & Peripherals-11.78%** | **Technology Hardware, Storage & Peripherals-11.78%** |
| Apple, Inc. | 16936 | &nbsp;&nbsp; 4394553 |
| Clevo Co. (Taiwan) | 13928 | &nbsp;&nbsp; 16416 |
| HTC Corp. (Taiwan)<sup>(b)</sup> | 22796 | &nbsp;&nbsp; 32080 |

---

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

------

**Invesco Next Gen Media and Gaming ETF (GGME)—(continued)**

January 31, 2026

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Technology Hardware, Storage & Peripherals-(continued)** | **Technology Hardware, Storage & Peripherals-(continued)** | **Technology Hardware, Storage & Peripherals-(continued)** |
| Lenovo Group Ltd. (China)<sup>(c)</sup> | 203303 | &nbsp;&nbsp; $229135 |
| &nbsp;&nbsp;&nbsp; Logitech International S.A., Class R <br> (Switzerland)<sup>(c)</sup><br>| 4118 | &nbsp;&nbsp; 356157 |
| &nbsp;&nbsp;&nbsp; Shenzhen Transsion Holdings Co. Ltd., A Shares <br> (China)<br>| 2098 | &nbsp;&nbsp; 17489 |
| Xiaomi Corp., B Shares (China)<sup>(b)(c)(d)</sup> | 303141 | &nbsp;&nbsp; 1372610 |
|  |  | &nbsp;&nbsp; 6418440 |
| **Trading Companies & Distributors-0.16%** | **Trading Companies & Distributors-0.16%** | **Trading Companies & Distributors-0.16%** |
| Xometry, Inc., Class A<sup>(b)(c)</sup> | 1536 | &nbsp;&nbsp; 87752 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $56,495,180) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $56,495,180) | &nbsp;&nbsp; 54471385 |
| **Money Market Funds-0.38%** | **Money Market Funds-0.38%** | **Money Market Funds-0.38%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 3.61%<sup>(f)(g)</sup> <br>(Cost $208,519)<br>| 208519 | &nbsp;&nbsp; 208519 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral from <br> securities on loan)-100.35% <br>(Cost $56,703,699) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral from <br> securities on loan)-100.35% <br>(Cost $56,703,699) | &nbsp;&nbsp; 54679904 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** | **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** | **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** |
| **Money Market Funds-6.20%** | **Money Market Funds-6.20%** | **Money Market Funds-6.20%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 3.65%<sup>(f)(g)(h)</sup><br>| 960054 | &nbsp;&nbsp; $960054 |
| Invesco Private Prime Fund, 3.80%<sup>(f)(g)(h)</sup> | 2415383 | &nbsp;&nbsp; 2416108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $3,376,162) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $3,376,162) | &nbsp;&nbsp; 3376162 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-106.55% <br>(Cost $60,079,861) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-106.55% <br>(Cost $60,079,861) | &nbsp;&nbsp; 58056066 |
| OTHER ASSETS LESS LIABILITIES-(6.55)% | OTHER ASSETS LESS LIABILITIES-(6.55)% | &nbsp;&nbsp; (3570369)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $54485697 |

---

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

Investment Abbreviations: <br> ADR -American Depositary Receipt

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

---

| | |
|:---|:---|
| Notes to Schedule of Investments: | Notes to Schedule of Investments: |
| <sup>(a)</sup> | Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is <br> the exclusive property and a service mark of MSCI Inc. and Standard & Poor's.<br>|
| <sup>(b)</sup> | Non-income producing security. |
| <sup>(c)</sup> | All or a portion of this security was out on loan at January 31, 2026. |
| <sup>(d)</sup> | 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 aggregate value of these securities at <br> January 31, 2026 was $1,976,060, which represented 3.63% of the Fund's Net Assets.<br>|
| <sup>(e)</sup> | Restricted security. The value of this security at January 31, 2026 represented less than 1% of the Fund's Net Assets. |
| <sup>(f)</sup> | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in <br> which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund's transactions in, and earnings from, its investments in <br> affiliates for the nine months ended January 31, 2026.<br>|

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**April 30, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain**<br>| **Value** <br>**January 31, 2026**<br>| **Dividend Income** |
| **Investments in Affiliated** <br> **Money Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & <br> Agency Portfolio, Institutional <br> Class<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $2780363 | &nbsp;&nbsp;&nbsp; $(2571844)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $208519 | &nbsp;&nbsp;&nbsp; $5678 |
| **Investments Purchased with** <br> **Cash Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private Government <br> Fund<br>| &nbsp;&nbsp;&nbsp; 1571040 | &nbsp;&nbsp;&nbsp; 24962795 | &nbsp;&nbsp;&nbsp; (25573781)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 960054 | &nbsp;&nbsp;&nbsp; 46,905<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp; 4091534 | &nbsp;&nbsp;&nbsp; 61624720 | &nbsp;&nbsp;&nbsp; (63300446)<br>| &nbsp;&nbsp;&nbsp; 89 | &nbsp;&nbsp;&nbsp; 211 | &nbsp;&nbsp;&nbsp; 2416108 | &nbsp;&nbsp;&nbsp; 126,537<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $5662574 | &nbsp;&nbsp;&nbsp; $89367878 | &nbsp;&nbsp;&nbsp; $(91446071)<br>| &nbsp;&nbsp;&nbsp; $89 | &nbsp;&nbsp;&nbsp; $211 | &nbsp;&nbsp;&nbsp; $3584681 | &nbsp;&nbsp;&nbsp; $179120 |

---

&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>(g)</sup> The rate shown is the 7-day SEC standardized yield as of January 31, 2026. <br> <sup>(h)</sup> The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower's return of the securities loaned.

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 Oil & Gas Services ETF (PXJ)**

January 31, 2026

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-100.01%** | **Common Stocks & Other Equity Interests-100.01%** | **Common Stocks & Other Equity Interests-100.01%** |
| **Oil & Gas Drilling-15.95%** | **Oil & Gas Drilling-15.95%** | **Oil & Gas Drilling-15.95%** |
| Helmerich & Payne, Inc. | 40575 | &nbsp;&nbsp; $1374681 |
| Noble Corp. PLC<sup>(b)</sup> | 65999 | &nbsp;&nbsp; 2350884 |
| Patterson-UTI Energy, Inc. | 194217 | &nbsp;&nbsp; 1462454 |
| Transocean Ltd.<sup>(c)</sup> | 270101 | &nbsp;&nbsp; 1342402 |
| Valaris Ltd.<sup>(b)(c)</sup> | 19782 | &nbsp;&nbsp; 1142015 |
|  |  | &nbsp;&nbsp; 7672436 |
| **Oil & Gas Equipment & Services-62.10%** | **Oil & Gas Equipment & Services-62.10%** | **Oil & Gas Equipment & Services-62.10%** |
| Archrock, Inc. | 85146 | &nbsp;&nbsp; 2519470 |
| Baker Hughes Co., Class A | 40310 | &nbsp;&nbsp; 2258972 |
| Bristow Group, Inc.<sup>(c)</sup> | 29534 | &nbsp;&nbsp; 1298315 |
| Cactus, Inc., Class A<sup>(b)</sup> | 26325 | &nbsp;&nbsp; 1480255 |
| Expro Group Holdings N.V.<sup>(c)</sup> | 79072 | &nbsp;&nbsp; 1265943 |
| Flowco Holdings, Inc.<sup>(b)</sup> | 67296 | &nbsp;&nbsp; 1406486 |
| Halliburton Co. | 77552 | &nbsp;&nbsp; 2599543 |
| Helix Energy Solutions Group, Inc.<sup>(c)</sup> | 167573 | &nbsp;&nbsp; 1330530 |
| Innovex International, Inc.<sup>(b)(c)</sup> | 47700 | &nbsp;&nbsp; 1185345 |
| National Energy Services Reunited Corp.<sup>(c)</sup> | 75815 | &nbsp;&nbsp; 1492039 |
| NOV, Inc. | 132455 | &nbsp;&nbsp; 2430549 |
| Oceaneering International, Inc.<sup>(c)</sup> | 44860 | &nbsp;&nbsp; 1350286 |
| ProFrac Holding Corp., Class A<sup>(b)(c)</sup> | 340365 | &nbsp;&nbsp; 1773302 |
| TechnipFMC PLC (United Kingdom) | 44652 | &nbsp;&nbsp; 2488009 |
| Tidewater, Inc.<sup>(b)(c)</sup> | 20325 | &nbsp;&nbsp; 1270109 |
| USA Compression Partners L.P. | 45685 | &nbsp;&nbsp; 1181414 |
| Weatherford International PLC | 26943 | &nbsp;&nbsp; 2534798 |
|  |  | &nbsp;&nbsp; 29865365 |
| **Oil & Gas Storage & Transportation-21.96%** | **Oil & Gas Storage & Transportation-21.96%** | **Oil & Gas Storage & Transportation-21.96%** |
| DHT Holdings, Inc. | 81509 | &nbsp;&nbsp; 1168024 |
| Dorian LPG Ltd. | 44114 | &nbsp;&nbsp; 1302687 |
| Frontline PLC (Norway)<sup>(b)</sup> | 79745 | &nbsp;&nbsp; 2279112 |
| International Seaways, Inc. | 20216 | &nbsp;&nbsp; 1205884 |
| Navigator Holdings Ltd. | 60508 | &nbsp;&nbsp; 1121213 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Oil & Gas Storage & Transportation-(continued)** | **Oil & Gas Storage & Transportation-(continued)** | **Oil & Gas Storage & Transportation-(continued)** |
| Okeanis Eco Tankers Corp. (Greece)<sup>(d)</sup> | 29388 | &nbsp;&nbsp; $1189920 |
| Scorpio Tankers, Inc. (Monaco)<sup>(b)</sup> | 18038 | &nbsp;&nbsp; 1147578 |
| Teekay Tankers Ltd., Class A (Canada)<sup>(b)</sup> | 17790 | &nbsp;&nbsp; 1147811 |
|  |  | &nbsp;&nbsp; 10562229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $41,715,445) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $41,715,445) | &nbsp;&nbsp; 48100030 |
| **Money Market Funds-0.24%** | **Money Market Funds-0.24%** | **Money Market Funds-0.24%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 3.61%<sup>(e)(f)</sup> <br>(Cost $115,421)<br>| 115421 | &nbsp;&nbsp; 115421 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.25% <br>(Cost $41,830,866) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.25% <br>(Cost $41,830,866) | &nbsp;&nbsp; 48215451 |
| **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** | **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** | **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** |
| **Money Market Funds-21.27%** | **Money Market Funds-21.27%** | **Money Market Funds-21.27%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 3.65%<sup>(e)(f)(g)</sup><br>| 2850608 | &nbsp;&nbsp; 2850608 |
| Invesco Private Prime Fund, 3.80%<sup>(e)(f)(g)</sup> | 7376005 | &nbsp;&nbsp; 7378218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $10,228,826) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $10,228,826) | &nbsp;&nbsp; 10228826 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-121.52% <br>(Cost $52,059,692) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-121.52% <br>(Cost $52,059,692) | &nbsp;&nbsp; 58444277 |
| OTHER ASSETS LESS LIABILITIES-(21.52)% | OTHER ASSETS LESS LIABILITIES-(21.52)% | &nbsp;&nbsp; (10348566)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $48095711 |

---

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

---

| | |
|:---|:---|
| Notes to Schedule of Investments: | Notes to Schedule of Investments: |
| <sup>(a)</sup> | Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is <br> the exclusive property and a service mark of MSCI Inc. and Standard & Poor's.<br>|
| <sup>(b)</sup> | All or a portion of this security was out on loan at January 31, 2026. |
| <sup>(c)</sup> | 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 January 31, 2026 <br> represented 2.47% of the Fund's Net Assets.<br>|
| <sup>(e)</sup> | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in <br> which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund's transactions in, and earnings from, its investments in <br> affiliates for the nine months ended January 31, 2026.<br>|

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**April 30, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain**<br>| **Value** <br>**January 31, 2026**<br>| **Dividend Income** |
| **Investments in Affiliated** <br> **Money Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & <br> Agency Portfolio, Institutional <br> Class<br>| &nbsp;&nbsp;&nbsp; $128164 | &nbsp;&nbsp;&nbsp; $1096156 | &nbsp;&nbsp;&nbsp; $(1108899)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $115421 | &nbsp;&nbsp;&nbsp; $3854 |

---

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

------

**Invesco Oil & Gas Services ETF (PXJ)—(continued)**

January 31, 2026

*(Unaudited)*

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value**<br> **April 30, 2025**<br>| **Purchases**<br> **at Cost**<br>| **Proceeds**<br> **from Sales**<br>| **Change in**<br> **Unrealized**<br> **Appreciation**<br>| **Realized**<br> **Gain**<br>| **Value**<br> **January 31, 2026**<br>| **Dividend Income** |
| **Investments Purchased with** <br> **Cash Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private Government <br> Fund<br>| &nbsp;&nbsp;&nbsp; $2072755 | &nbsp;&nbsp;&nbsp; $25815562 | &nbsp;&nbsp;&nbsp; $(25037709)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $2850608 | &nbsp;&nbsp;&nbsp; $58,350<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp; 5965739 | &nbsp;&nbsp;&nbsp; 51150582 | &nbsp;&nbsp;&nbsp; (49738491)<br>| &nbsp;&nbsp;&nbsp; 308 | &nbsp;&nbsp;&nbsp; 80 | &nbsp;&nbsp;&nbsp; 7378218 | &nbsp;&nbsp;&nbsp; 158,297<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $8166658 | &nbsp;&nbsp;&nbsp; $78062300 | &nbsp;&nbsp;&nbsp; $(75885099)<br>| &nbsp;&nbsp;&nbsp; $308 | &nbsp;&nbsp;&nbsp; $80 | &nbsp;&nbsp;&nbsp; $10344247 | &nbsp;&nbsp;&nbsp; $220501 |

---

&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 January 31, 2026. <br> <sup>(g)</sup> The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower's return of the securities loaned.

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

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

------

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

**Invesco Pharmaceuticals ETF (PJP)**

January 31, 2026

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-99.89%** | **Common Stocks & Other Equity Interests-99.89%** | **Common Stocks & Other Equity Interests-99.89%** |
| **Biotechnology-26.50%** | **Biotechnology-26.50%** | **Biotechnology-26.50%** |
| AbbVie, Inc. | 88295 | &nbsp;&nbsp; $19690668 |
| Amgen, Inc. | 60651 | &nbsp;&nbsp; 20735364 |
| Biogen, Inc.<sup>(b)</sup> | 63469 | &nbsp;&nbsp; 11417438 |
| Gilead Sciences, Inc. | 161829 | &nbsp;&nbsp; 22971627 |
| Regeneron Pharmaceuticals, Inc. | 14775 | &nbsp;&nbsp; 10954924 |
| Travere Therapeutics, Inc.<sup>(b)(c)</sup> | 313637 | &nbsp;&nbsp; 9750974 |
| United Therapeutics Corp.<sup>(b)</sup> | 23557 | &nbsp;&nbsp; 11059776 |
|  |  | &nbsp;&nbsp; 106580771 |
| **Health Care Equipment-4.33%** | **Health Care Equipment-4.33%** | **Health Care Equipment-4.33%** |
| Abbott Laboratories | 159338 | &nbsp;&nbsp; 17415643 |
| **Life Sciences Tools & Services-0.00%** | **Life Sciences Tools & Services-0.00%** | **Life Sciences Tools & Services-0.00%** |
| &nbsp;&nbsp;&nbsp; OmniAb, Inc., Rts., expiring <br> 11/02/2027<sup>(b)(c)(d)</sup><br>| 39023 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp; OmniAb, Inc., Rts., expiring <br> 11/02/2027<sup>(b)(c)(d)</sup><br>| 39023 | &nbsp;&nbsp; 0 |
|  |  | &nbsp;&nbsp; - |
| **Pharmaceuticals-69.06%** | **Pharmaceuticals-69.06%** | **Pharmaceuticals-69.06%** |
| Amneal Pharmaceuticals, Inc.<sup>(b)</sup> | 923920 | &nbsp;&nbsp; 12639226 |
| Amphastar Pharmaceuticals, Inc.<sup>(b)(c)</sup> | 420248 | &nbsp;&nbsp; 11132370 |
| ANI Pharmaceuticals, Inc.<sup>(b)(c)</sup> | 138627 | &nbsp;&nbsp; 11346620 |
| Bristol-Myers Squibb Co. | 235011 | &nbsp;&nbsp; 12937356 |
| Collegium Pharmaceutical, Inc.<sup>(b)</sup> | 246320 | &nbsp;&nbsp; 11311014 |
| Corcept Therapeutics, Inc.<sup>(b)</sup> | 144438 | &nbsp;&nbsp; 5758743 |
| Eli Lilly and Co. | 18973 | &nbsp;&nbsp; 19677847 |
| Harmony Biosciences Holdings, Inc.<sup>(b)</sup> | 318252 | &nbsp;&nbsp; 11622563 |
| Innoviva, Inc.<sup>(b)</sup> | 527232 | &nbsp;&nbsp; 10544640 |
| Jazz Pharmaceuticals PLC<sup>(b)</sup> | 62017 | &nbsp;&nbsp; 10201176 |
| Johnson & Johnson | 98323 | &nbsp;&nbsp; 22343902 |
| Ligand Pharmaceuticals, Inc.<sup>(b)</sup> | 54255 | &nbsp;&nbsp; 10422386 |
| Liquidia Corp.<sup>(b)(c)</sup> | 375819 | &nbsp;&nbsp; 15930967 |
| Merck & Co., Inc. | 201832 | &nbsp;&nbsp; 22256015 |
| Ocular Therapeutix, Inc.<sup>(b)(c)</sup> | 927738 | &nbsp;&nbsp; 8479525 |
| Perrigo Co. PLC | 883888 | &nbsp;&nbsp; 12560048 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Pharmaceuticals-(continued)** | **Pharmaceuticals-(continued)** | **Pharmaceuticals-(continued)** |
| Pfizer, Inc. | 803654 | &nbsp;&nbsp; $21248612 |
| Prestige Consumer Healthcare, Inc.<sup>(b)(c)</sup> | 195296 | &nbsp;&nbsp; 12590733 |
| Supernus Pharmaceuticals, Inc.<sup>(b)</sup> | 248633 | &nbsp;&nbsp; 11974165 |
| Tarsus Pharmaceuticals, Inc.<sup>(b)(c)</sup> | 136718 | &nbsp;&nbsp; 8823780 |
| Viatris, Inc. | 1061979 | &nbsp;&nbsp; 13901305 |
|  |  | &nbsp;&nbsp; 277702993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $344,493,903) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $344,493,903) | &nbsp;&nbsp; 401699407 |
| **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, 3.61%<sup>(e)(f)</sup> <br>(Cost $139,213)<br>| 139213 | &nbsp;&nbsp; 139213 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.93% <br>(Cost $344,633,116) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.93% <br>(Cost $344,633,116) | &nbsp;&nbsp; 401838620 |
| **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** | **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** | **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** |
| **Money Market Funds-8.58%** | **Money Market Funds-8.58%** | **Money Market Funds-8.58%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 3.65%<sup>(e)(f)(g)</sup><br>| 9426686 | &nbsp;&nbsp; 9426686 |
| Invesco Private Prime Fund, 3.80%<sup>(e)(f)(g)</sup> | 25073515 | &nbsp;&nbsp; 25081037 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $34,507,723) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $34,507,723) | &nbsp;&nbsp; 34507723 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-108.51% <br>(Cost $379,140,839) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-108.51% <br>(Cost $379,140,839) | &nbsp;&nbsp; 436346343 |
| OTHER ASSETS LESS LIABILITIES-(8.51)% | OTHER ASSETS LESS LIABILITIES-(8.51)% | &nbsp;&nbsp; (34208620)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $402137723 |

---

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

Investment Abbreviations: <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> | Non-income producing security. |
| <sup>(c)</sup> | All or a portion of this security was out on loan at January 31, 2026. |
| <sup>(d)</sup> | Security valued using significant unobservable inputs (Level 3). See Note 1. |
| <sup>(e)</sup> | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in <br> which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund's transactions in, and earnings from, its investments in <br> affiliates for the nine months ended January 31, 2026.<br>|

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**April 30, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain**<br>| **Value** <br>**January 31, 2026**<br>| **Dividend Income** |
| **Investments in Affiliated** <br> **Money Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & <br> Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; $272687 | &nbsp;&nbsp;&nbsp; $4123522 | &nbsp;&nbsp;&nbsp; $(4256996)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $139213 | &nbsp;&nbsp;&nbsp; $7652 |

---

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

------

**Invesco Pharmaceuticals ETF (PJP)—(continued)**

January 31, 2026

*(Unaudited)*

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value**<br> **April 30, 2025**<br>| **Purchases**<br> **at Cost**<br>| **Proceeds**<br> **from Sales**<br>| **Change in**<br> **Unrealized**<br> **Appreciation**<br>| **Realized**<br> **Gain**<br>| **Value**<br> **January 31, 2026**<br>| **Dividend Income** |
| **Investments Purchased** <br> **with Cash Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; $15157839 | &nbsp;&nbsp;&nbsp; $107677680 | &nbsp;&nbsp;&nbsp; $(113408833)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $9426686 | &nbsp;&nbsp;&nbsp; $301,647<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp; 39432164 | &nbsp;&nbsp;&nbsp; 227250297 | &nbsp;&nbsp;&nbsp; (241604269)<br>| &nbsp;&nbsp;&nbsp; 2010 | &nbsp;&nbsp;&nbsp; 835 | &nbsp;&nbsp;&nbsp; 25081037 | &nbsp;&nbsp;&nbsp; 809,396<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $54862690 | &nbsp;&nbsp;&nbsp; $339051499 | &nbsp;&nbsp;&nbsp; $(359270098)<br>| &nbsp;&nbsp;&nbsp; $2010 | &nbsp;&nbsp;&nbsp; $835 | &nbsp;&nbsp;&nbsp; $34646936 | &nbsp;&nbsp;&nbsp; $1118695 |

---

&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 January 31, 2026. <br> <sup>(g)</sup> The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower's return of the securities loaned.

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

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

------

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

**Invesco Semiconductors ETF (PSI)**

January 31, 2026

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-99.94%** | **Common Stocks & Other Equity Interests-99.94%** | **Common Stocks & Other Equity Interests-99.94%** |
| **Electronic Equipment & Instruments-5.63%** | **Electronic Equipment & Instruments-5.63%** | **Electronic Equipment & Instruments-5.63%** |
| Advanced Energy Industries, Inc.<sup>(b)</sup> | 123287 | &nbsp;&nbsp; $31482568 |
| nLight, Inc.<sup>(c)</sup> | 785195 | &nbsp;&nbsp; 35812744 |
|  |  | &nbsp;&nbsp; 67295312 |
| **Semiconductor Materials & Equipment-37.02%** | **Semiconductor Materials & Equipment-37.02%** | **Semiconductor Materials & Equipment-37.02%** |
| ACM Research, Inc., Class A<sup>(b)(c)</sup> | 792441 | &nbsp;&nbsp; 46056671 |
| Amkor Technology, Inc.<sup>(b)</sup> | 765492 | &nbsp;&nbsp; 36996229 |
| Axcelis Technologies, Inc.<sup>(b)(c)</sup> | 321372 | &nbsp;&nbsp; 28303231 |
| KLA Corp. | 40985 | &nbsp;&nbsp; 58524121 |
| Kulicke & Soffa Industries, Inc. (Singapore) | 610213 | &nbsp;&nbsp; 34983511 |
| Lam Research Corp. | 309405 | &nbsp;&nbsp; 72233691 |
| MKS, Inc. | 169334 | &nbsp;&nbsp; 39862917 |
| Photronics, Inc.<sup>(c)</sup> | 1164635 | &nbsp;&nbsp; 40261432 |
| Teradyne, Inc. | 152866 | &nbsp;&nbsp; 36848349 |
| Ultra Clean Holdings, Inc.<sup>(c)</sup> | 1099947 | &nbsp;&nbsp; 48045685 |
|  |  | &nbsp;&nbsp; 442115837 |
| **Semiconductors-57.29%** | **Semiconductors-57.29%** | **Semiconductors-57.29%** |
| Advanced Micro Devices, Inc.<sup>(c)</sup> | 216323 | &nbsp;&nbsp; 51210144 |
| Allegro MicroSystems, Inc. (Japan)<sup>(b)(c)</sup> | 1021105 | &nbsp;&nbsp; 37688986 |
| Analog Devices, Inc. | 106177 | &nbsp;&nbsp; 33008306 |
| Broadcom, Inc. | 123321 | &nbsp;&nbsp; 40856247 |
| Cirrus Logic, Inc.<sup>(b)(c)</sup> | 217103 | &nbsp;&nbsp; 28297205 |
| Credo Technology Group Holding Ltd.<sup>(c)</sup> | 168400 | &nbsp;&nbsp; 21097152 |
| Intel Corp.<sup>(c)</sup> | 1301462 | &nbsp;&nbsp; 60478939 |
| MaxLinear, Inc.<sup>(c)</sup> | 1714261 | &nbsp;&nbsp; 29742428 |
| Micron Technology, Inc. | 207762 | &nbsp;&nbsp; 86196299 |
| Monolithic Power Systems, Inc. | 28389 | &nbsp;&nbsp; 31913495 |
| Navitas Semiconductor Corp.<sup>(b)(c)</sup> | 3059666 | &nbsp;&nbsp; 26251934 |
| NVIDIA Corp. | 254752 | &nbsp;&nbsp; 48690750 |
| ON Semiconductor Corp.<sup>(c)</sup> | 535374 | &nbsp;&nbsp; 32063549 |
| QUALCOMM, Inc. | 281736 | &nbsp;&nbsp; 42708360 |
| Semtech Corp.<sup>(c)</sup> | 362199 | &nbsp;&nbsp; 28885370 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Semiconductors-(continued)** | **Semiconductors-(continued)** | **Semiconductors-(continued)** |
| Silicon Laboratories, Inc.<sup>(c)</sup> | 209325 | &nbsp;&nbsp; $29818346 |
| SiTime Corp.<sup>(c)</sup> | 90746 | &nbsp;&nbsp; 32950780 |
| Skyworks Solutions, Inc.<sup>(b)</sup> | 402104 | &nbsp;&nbsp; 22421319 |
|  |  | &nbsp;&nbsp; 684279609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $777,088,966) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $777,088,966) | &nbsp;&nbsp; 1193690758 |
| **Money Market Funds-0.12%** | **Money Market Funds-0.12%** | **Money Market Funds-0.12%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 3.61%<sup>(d)(e)</sup> <br>(Cost $1,384,677)<br>| 1384677 | &nbsp;&nbsp; 1384677 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.06% <br>(Cost $778,473,643) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.06% <br>(Cost $778,473,643) | &nbsp;&nbsp; 1195075435 |
| **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** | **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** | **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** |
| **Money Market Funds-6.16%** | **Money Market Funds-6.16%** | **Money Market Funds-6.16%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 3.65%<sup>(d)(e)(f)</sup><br>| 20420940 | &nbsp;&nbsp; 20420940 |
| Invesco Private Prime Fund, 3.80%<sup>(d)(e)(f)</sup> | 53105591 | &nbsp;&nbsp; 53121523 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $73,542,463) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $73,542,463) | &nbsp;&nbsp; 73542463 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-106.22% <br>(Cost $852,016,106) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-106.22% <br>(Cost $852,016,106) | &nbsp;&nbsp; 1268617898 |
| OTHER ASSETS LESS LIABILITIES-(6.22)% | OTHER ASSETS LESS LIABILITIES-(6.22)% | &nbsp;&nbsp; (74272739)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $1194345159 |

---

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

---

| | |
|:---|:---|
| Notes to Schedule of Investments: | Notes to Schedule of Investments: |
| <sup>(a)</sup> | Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is <br> the exclusive property and a service mark of MSCI Inc. and Standard & Poor's.<br>|
| <sup>(b)</sup> | All or a portion of this security was out on loan at January 31, 2026. |
| <sup>(c)</sup> | Non-income producing security. |
| <sup>(d)</sup> | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in <br> which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund's transactions in, and earnings from, its investments in <br> affiliates for the nine months ended January 31, 2026.<br>|

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**April 30, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain**<br>| **Value** <br>**January 31, 2026**<br>| **Dividend Income** |
| **Investments in Affiliated** <br> **Money Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & <br> Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; $458979 | &nbsp;&nbsp;&nbsp; $5060506 | &nbsp;&nbsp;&nbsp; $(4134808)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $1384677 | &nbsp;&nbsp;&nbsp; $17081 |
| **Investments Purchased** <br> **with Cash Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; 7907068 | &nbsp;&nbsp;&nbsp; 196811350 | &nbsp;&nbsp;&nbsp; (184297478)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 20420940 | &nbsp;&nbsp;&nbsp; 519,060<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp; 20577921 | &nbsp;&nbsp;&nbsp; 395982372 | &nbsp;&nbsp;&nbsp; (363445642)<br>| &nbsp;&nbsp;&nbsp; 1236 | &nbsp;&nbsp;&nbsp; 5636 | &nbsp;&nbsp;&nbsp; 53121523 | &nbsp;&nbsp;&nbsp; 1,407,501<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $28943968 | &nbsp;&nbsp;&nbsp; $597854228 | &nbsp;&nbsp;&nbsp; $(551877928)<br>| &nbsp;&nbsp;&nbsp; $1236 | &nbsp;&nbsp;&nbsp; $5636 | &nbsp;&nbsp;&nbsp; $74927140 | &nbsp;&nbsp;&nbsp; $1943642 |

---

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

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

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

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

------

**Invesco Semiconductors ETF (PSI)—(continued)**

January 31, 2026

*(Unaudited)*

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

<sup>(e)</sup> The rate shown is the 7-day SEC standardized yield as of January 31, 2026. <br> <sup>(f)</sup> The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower's return of the securities loaned.

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

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

------

**Notes to Quarterly Schedules of Portfolio Holdings**

January 31, 2026

*(Unaudited)*

**NOTE 1—Additional Valuation Information**

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

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

Level 2 — Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others. When market movements occur after the close of the relevant foreign securities markets, foreign securities may be fair valued utilizing an independent pricing service.

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

The following is a summary of the tiered valuation input levels, as of January 31, 2026. 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 AI and Next Gen Software ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $567004657 | &nbsp;&nbsp;&nbsp; $126727159 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $693731816 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 1437956 | &nbsp;&nbsp;&nbsp; 14826742 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 16264698 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $568442613 | &nbsp;&nbsp;&nbsp; $141553901 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $709996514 |
| &nbsp;&nbsp; Invesco Biotechnology & Genome ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $262996654 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $262996654 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 188757 | &nbsp;&nbsp;&nbsp; 37086704 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 37275461 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $263185411 | &nbsp;&nbsp;&nbsp; $37086704 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $300272115 |
| &nbsp;&nbsp; Invesco Building & Construction ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $370207126 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $370207126 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 146076 | &nbsp;&nbsp;&nbsp; 17099372 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 17245448 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $370353202 | &nbsp;&nbsp;&nbsp; $17099372 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $387452574 |
| &nbsp;&nbsp; Invesco Energy Exploration & Production ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $76066108 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $76066108 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 127667 | &nbsp;&nbsp;&nbsp; 10958669 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 11086336 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $76193775 | &nbsp;&nbsp;&nbsp; $10958669 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $87152444 |
| &nbsp;&nbsp; Invesco Food & Beverage ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $99055065 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $99055065 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 207088 | &nbsp;&nbsp;&nbsp; 10144341 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 10351429 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $99262153 | &nbsp;&nbsp;&nbsp; $10144341 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $109406494 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| &nbsp;&nbsp; Invesco Leisure and Entertainment ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $251439254 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $251439254 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 242622 | &nbsp;&nbsp;&nbsp; 35853953 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 36096575 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $251681876 | &nbsp;&nbsp;&nbsp; $35853953 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $287535829 |
| &nbsp;&nbsp; Invesco Next Gen Connectivity ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $80658911 | &nbsp;&nbsp;&nbsp; $34645500 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $115304411 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 116512 | &nbsp;&nbsp;&nbsp; 1815817 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 1932329 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $80775423 | &nbsp;&nbsp;&nbsp; $36461317 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $117236740 |
| &nbsp;&nbsp; Invesco Next Gen Media and Gaming ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $43615095 | &nbsp;&nbsp;&nbsp; $10856290 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $54471385 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 208519 | &nbsp;&nbsp;&nbsp; 3376162 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 3584681 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $43823614 | &nbsp;&nbsp;&nbsp; $14232452 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $58056066 |
| &nbsp;&nbsp; Invesco Oil & Gas Services ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $48100030 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $48100030 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 115421 | &nbsp;&nbsp;&nbsp; 10228826 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 10344247 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $48215451 | &nbsp;&nbsp;&nbsp; $10228826 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $58444277 |
| &nbsp;&nbsp; Invesco Pharmaceuticals ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $401699407 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $401699407 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 139213 | &nbsp;&nbsp;&nbsp; 34507723 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 34646936 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $401838620 | &nbsp;&nbsp;&nbsp; $34507723 | &nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $436346343 |
| &nbsp;&nbsp; Invesco Semiconductors ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $1193690758 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $1193690758 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 1384677 | &nbsp;&nbsp;&nbsp; 73542463 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 74927140 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $1195075435 | &nbsp;&nbsp;&nbsp; $73542463 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $1268617898 |

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Downers Grove

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60515

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

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

- **a. Name of Series:** Invesco Oil & Gas Services ETF

- **b. EDGAR series identifier (if any):** S000003043

- **c. LEI of Series:** 54930038ZOU7RXX4OX14

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $58470864.56

**Total Liabilities:** $10375153.49

**Net Assets:** $48095711.07

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000008310 | 0.23%                | -1.06%               | 20.85%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $45487.74                | $-36271.14                                 |
| Month 2  | $-1308733.39             | $957559.13                                 |
| Month 3  | $43877.15                | $6781267.73                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Archrock, Inc.                          | Archrock, Inc.                                             | CUSIP: 03957W106<br>LEI: 549300K3RIHMHDVFTL28 | Long             | EC               | CORP              | US        |     85146 | NS      | $2519470.14   | 5.24%             |  |  |  | No            |                  1 | On Loan: No      |
| International Seaways, Inc.             | International Seaways, Inc.                                | CUSIP: Y41053102<br>LEI: 549300YUFDGFRNGBWF46 | Long             | EC               | CORP              | MH        |     20216 | NS      | $1205884.40   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                          | TechnipFMC PLC                                             | CUSIP: G87110105<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |     44652 | NS      | $2488009.44   | 5.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Patterson-UTI Energy, Inc.              | Patterson-UTI Energy, Inc.                                 | CUSIP: 703481101<br>LEI: 254900XGFBKIXD6G0697 | Long             | EC               | CORP              | US        |    194217 | NS      | $1462454.01   | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| National Energy Services Reunited Corp. | National Energy Services Reunited Corp.                    | CUSIP: G6375R107<br>LEI: N/A                  | Long             | EC               | CORP              | VG        |     75815 | NS      | $1492039.20   | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co.                        | Baker Hughes Co., Class A                                  | CUSIP: 05722G100<br>LEI: 549300XU3XH6F05YEQ93 | Long             | EC               | CORP              | US        |     40310 | NS      | $2258972.40   | 4.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Tidewater Inc.                          | Tidewater Inc.                                             | CUSIP: 88642R109<br>LEI: 2549000JA5GRUPLMUH98 | Long             | EC               | CORP              | US        |     20325 | NS      | $1270109.25   | 2.64%             |  |  |  | No            |                  1 | On Loan: —       |
| Cactus, Inc.                            | Cactus, Inc., Class A                                      | CUSIP: 127203107<br>LEI: 549300J3T8C9F8QFKV08 | Long             | EC               | CORP              | US        |     26325 | NS      | $1480254.75   | 3.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Scorpio Tankers Inc.                    | Scorpio Tankers Inc.                                       | CUSIP: Y7542C130<br>LEI: 549300NVJUH16NXG8K87 | Long             | EC               | CORP              | MH        |     18038 | NS      | $1147577.56   | 2.39%             |  |  |  | No            |                  1 | On Loan: —       |
| Invesco Government & Agency Portfolio   | Invesco Government & Agency Portfolio, Institutional Class | CUSIP: 825252885<br>LEI: 5493007T1J7WZ5QI1A47 | Long             | STIV             | RF                | US        |    115421 | NS      | $115421.42    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Private Government Fund         | Invesco Private Government Fund                            | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |   2850608 | NS      | $2850608.20   | 5.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Bristow Group Inc.                      | Bristow Group Inc.                                         | CUSIP: 11040G103<br>LEI: 5493005Q24EN3UC1PV68 | Long             | EC               | CORP              | US        |     29534 | NS      | $1298314.64   | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Private Prime Fund              | Invesco Private Prime Fund                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |   7378218 | NS      | $7378217.80   | 15.34%            |  |  |  | No            |                  2 | On Loan: No      |
| Halliburton Co.                         | Halliburton Co.                                            | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |     77552 | NS      | $2599543.04   | 5.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Transocean Ltd.                         | Transocean Ltd.                                            | CUSIP: H8817H100<br>LEI: 529900QO4W5DQGBGEF32 | Long             | EC               | CORP              | CH        |    270101 | NS      | $1342401.97   | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| NOV Inc.                                | NOV Inc.                                                   | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |    132455 | NS      | $2430549.25   | 5.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Oceaneering International, Inc.         | Oceaneering International, Inc.                            | CUSIP: 675232102<br>LEI: 549300L6PH74701W0R30 | Long             | EC               | CORP              | US        |     44860 | NS      | $1350286.00   | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Valaris Ltd.                            | Valaris Ltd.                                               | CUSIP: G9460G101<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     19782 | NS      | $1142014.86   | 2.37%             |  |  |  | No            |                  1 | On Loan: —       |
| Expro Group Holdings N.V.               | Expro Group Holdings N.V.                                  | CUSIP: N3144W105<br>LEI: 724500LJYA8QIT73H017 | Long             | EC               | CORP              | NL        |     79072 | NS      | $1265942.72   | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| ProFrac Holding Corp.                   | ProFrac Holding Corp., Class A                             | CUSIP: 74319N100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    340365 | NS      | $1773301.65   | 3.69%             |  |  |  | No            |                  1 | On Loan: —       |
| Noble Corp. PLC                         | Noble Corp. PLC                                            | CUSIP: G65431127<br>LEI: 549300I3HBUNXO0OG954 | Long             | EC               | CORP              | GB        |     65999 | NS      | $2350884.38   | 4.89%             |  |  |  | No            |                  1 | On Loan: —       |
| Frontline PLC                           | Frontline PLC                                              | CUSIP: M46528101<br>LEI: 5493004BCIKYU1YL3H63 | Long             | EC               | CORP              | CY        |     79745 | NS      | $2279112.10   | 4.74%             |  |  |  | No            |                  1 | On Loan: —       |
| Okeanis Eco Tankers Corp.               | Okeanis Eco Tankers Corp.                                  | CUSIP: Y64177101<br>LEI: 213800U35RCYXTKVEM65 | Long             | EC               | CORP              | MH        |     29388 | NS      | $1189920.12   | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovex International, Inc.             | Innovex International, Inc.                                | CUSIP: 457651107<br>LEI: 5299007REICYIJNMW197 | Long             | EC               | CORP              | US        |     47700 | NS      | $1185345.00   | 2.46%             |  |  |  | No            |                  1 | On Loan: —       |
| Teekay Tankers Ltd.                     | Teekay Tankers Ltd., Class A                               | CUSIP: G8726X106<br>LEI: 549300DE8ZAIYS2T6Q22 | Long             | EC               | CORP              | BM        |     17790 | NS      | $1147810.80   | 2.39%             |  |  |  | No            |                  1 | On Loan: —       |
| Flowco Holdings Inc.                    | Flowco Holdings Inc.                                       | CUSIP: 342909108<br>LEI: 529900837MXVPIR9FZ68 | Long             | EC               | CORP              | US        |     67296 | NS      | $1406486.40   | 2.92%             |  |  |  | No            |                  1 | On Loan: —       |
| DHT Holdings, Inc.                      | DHT Holdings, Inc.                                         | CUSIP: Y2065G121<br>LEI: 549300SMD6IVZYT74K40 | Long             | EC               | CORP              | MH        |     81509 | NS      | $1168023.97   | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| USA Compression Partners, L.P.          | USA Compression Partners, L.P.                             | CUSIP: 90290N109<br>LEI: 5493000B1PEOKXRZEO65 | Long             | EC               | CORP              | US        |     45685 | NS      | $1181414.10   | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Helix Energy Solutions Group, Inc.      | Helix Energy Solutions Group, Inc.                         | CUSIP: 42330P107<br>LEI: 416AP2JOUTCWEGSOZW41 | Long             | EC               | CORP              | US        |    167573 | NS      | $1330529.62   | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Helmerich & Payne, Inc.                 | Helmerich & Payne, Inc.                                    | CUSIP: 423452101<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | EC               | CORP              | US        |     40575 | NS      | $1374681.00   | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Navigator Holdings Ltd.                 | Navigator Holdings Ltd.                                    | CUSIP: Y62132108<br>LEI: 213800H7RVOFYARK2W19 | Long             | EC               | CORP              | MH        |     60508 | NS      | $1121213.24   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Dorian LPG Ltd.                         | Dorian LPG Ltd.                                            | CUSIP: Y2106R110<br>LEI: 549300WP1W2WGMC7F395 | Long             | EC               | CORP              | MH        |     44114 | NS      | $1302686.42   | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Weatherford International PLC           | Weatherford International PLC                              | CUSIP: G48833100<br>LEI: 529900LPBDSCQDJKHQ39 | Long             | EC               | CORP              | IE        |     26943 | NS      | $2534797.44   | 5.27%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Vice President