# EDGAR Filing Document

**Accession Number:** 0001209466
**File Stem:** 0001752724-23-075897
**Filing Date:** 2023-3
**Character Count:** 155159
**Document Hash:** 54d19f64e0b9eeec54b21b5a8f465b2a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-075897.hdr.sgml**: 20230331

**ACCESSION NUMBER**: 0001752724-23-075897

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230331

**DATE AS OF CHANGE**: 20230331

**PERIOD START**: 20230430

**FILER**: 

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21265
- **FILM NUMBER:** 23785701

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

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

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

## Series and Classes Contracts Data

### Invesco S&P 500 Top 50 ETF (Series ID: S000060793)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000197609 | Invesco S&P 500 Top 50 ETF | XLG             |

## Nport-Ex

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

### Invesco S&P 500<sup>®</sup> Pure Growth ETF (RPG)
January 31, 2023

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Common Stocks & Other Equity Interests-99.97%** | **Common Stocks & Other Equity Interests-99.97%** | **Common Stocks & Other Equity Interests-99.97%** |
| **Consumer Discretionary-7.11%** | **Consumer Discretionary-7.11%** | **Consumer Discretionary-7.11%** |
| AutoZone, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;14829 | &nbsp;&nbsp;$36165707 |
| Dollar General Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;97952 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22881587 |
| Dollar Tree, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;143840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21601891 |
| O'Reilly Automotive, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;42500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33674875 |
| Tractor Supply Co.<br>| &nbsp;&nbsp;&nbsp;114350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26070656 |
| Ulta Beauty, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;40337 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20731605 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;161126321 |
| **Consumer Staples-1.98%** | **Consumer Staples-1.98%** | **Consumer Staples-1.98%** |
| Hershey Co. (The)<br>| &nbsp;&nbsp;&nbsp;&nbsp;83200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18686720 |
| Monster Beverage Corp.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;251918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26219625 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44906345 |
| **Energy-29.88%** | **Energy-29.88%** | **Energy-29.88%** |
| APA Corp.<br>| 1248282 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55336341 |
| Chevron Corp.<br>| &nbsp;&nbsp;&nbsp;178162 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31003751 |
| ConocoPhillips<br>| &nbsp;&nbsp;&nbsp;395343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48180451 |
| Coterra Energy, Inc.<sup>(c)</sup><br>| 2161361 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54098866 |
| Devon Energy Corp.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;534828 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33822523 |
| Diamondback Energy, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;403678 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58985429 |
| EOG Resources, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;290082 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38363345 |
| EQT Corp.<sup>(c)</sup><br>| 1312370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42875128 |
| Exxon Mobil Corp.<br>| &nbsp;&nbsp;&nbsp;295005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34223530 |
| Hess Corp.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;249862 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37519278 |
| Marathon Oil Corp.<br>| 1428957 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39253449 |
| Occidental Petroleum Corp.<br>| &nbsp;&nbsp;&nbsp;584218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37851484 |
| ONEOK, Inc.<br>| &nbsp;&nbsp;&nbsp;572192 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39183708 |
| Pioneer Natural Resources Co.<br>| &nbsp;&nbsp;&nbsp;203537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46884748 |
| Targa Resources Corp.<br>| &nbsp;&nbsp;&nbsp;755543 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56680836 |
| Williams Cos., Inc. (The)<br>| &nbsp;&nbsp;&nbsp;722240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23285018 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;677547885 |
| **Financials-5.01%** | **Financials-5.01%** | **Financials-5.01%** |
| Ameriprise Financial, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;50862 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17807803 |
| Arch Capital Group Ltd.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;427329 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27498621 |
| Progressive Corp. (The)<br>| &nbsp;&nbsp;&nbsp;150213 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20481543 |
| Raymond James Financial, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;217234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24497478 |
| W.R. Berkley Corp.<br>| &nbsp;&nbsp;&nbsp;333712 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23406560 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;113692005 |
| **Health Care-21.00%** | **Health Care-21.00%** | **Health Care-21.00%** |
| AbbVie, Inc.<br>| &nbsp;&nbsp;&nbsp;167891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24805895 |
| Amgen, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;63469 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16019576 |
| Bristol-Myers Squibb Co.<br>| &nbsp;&nbsp;&nbsp;323664 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23514190 |
| Danaher Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;99877 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26405481 |
| DexCom, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;135468 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14507268 |
| Elevance Health, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;59644 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29821404 |
| Eli Lilly and Co.<br>| &nbsp;&nbsp;&nbsp;&nbsp;65547 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22558000 |
| Gilead Sciences, Inc.<br>| &nbsp;&nbsp;&nbsp;192594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16166340 |
| Hologic, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;292037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23763051 |
| Incyte Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;348946 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29709262 |
| Merck & Co., Inc.<br>| &nbsp;&nbsp;&nbsp;188283 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20223477 |
| Moderna, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;168932 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29742168 |
| Molina Healthcare, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;108194 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33738135 |
| Pfizer, Inc.<br>| &nbsp;&nbsp;&nbsp;605557 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26741397 |
| Regeneron Pharmaceuticals, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;63774 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48370666 |
| Thermo Fisher Scientific, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;34177 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19492168 |
| UnitedHealth Group, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;37816 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18877369 |
| Vertex Pharmaceuticals, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;160503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51858519 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;476314366 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Industrials-6.43%** | **Industrials-6.43%** | **Industrials-6.43%** |
| Deere & Co.<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50912 | &nbsp;&nbsp;&nbsp;&nbsp;$21527630 |
| Expeditors International of Washington, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;321790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34801589 |
| J.B. Hunt Transport Services, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;113026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21367565 |
| Quanta Services, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;158904 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24183600 |
| Rollins, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;539703 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19645189 |
| W.W. Grainger, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41306 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24349061 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145874634 |
| **Information Technology-13.37%** | **Information Technology-13.37%** | **Information Technology-13.37%** |
| Apple, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;168170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24265249 |
| Arista Networks, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;168791 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21271042 |
| Enphase Energy, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;159681 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35350180 |
| Fortinet, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;495498 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25934365 |
| Jack Henry & Associates, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;108780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19590190 |
| KLA Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34772158 |
| Lam Research Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53411 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26710841 |
| Monolithic Power Systems, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24183819 |
| ON Semiconductor Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;297875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21878919 |
| PTC, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;179960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24273005 |
| QUALCOMM, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;151876 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20231402 |
| SolarEdge Technologies, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24726193 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;303187363 |
| **Materials-13.35%** | **Materials-13.35%** | **Materials-13.35%** |
| Albemarle Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16773013 |
| CF Industries Holdings, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;554859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46996557 |
| FMC Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;150880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20086654 |
| Freeport-McMoRan, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;541012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24139956 |
| Mosaic Co. (The)<br>| &nbsp;&nbsp;1250655 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61957449 |
| Nucor Corp.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;386996 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65410064 |
| Steel Dynamics, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;559041 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67442706 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;302806399 |
| **Utilities-1.84%** | **Utilities-1.84%** | **Utilities-1.84%** |
| PG&E Corp.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;2620077 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41659224 |
| TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-99.97%<br>(Cost $2,099,122,208) | TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-99.97%<br>(Cost $2,099,122,208) | &nbsp;&nbsp;2267114542 |
| **Investments Purchased with Cash Collateral from Securities on Loan** | **Investments Purchased with Cash Collateral from Securities on Loan** | **Investments Purchased with Cash Collateral from Securities on Loan** |
| **Money Market Funds-4.36%** | **Money Market Funds-4.36%** | **Money Market Funds-4.36%** |
| Invesco Private Government Fund, 4.36%<sup>(d)(e)(f)</sup><br>| 27711210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27711210 |
| Invesco Private Prime Fund, 4.59%<sup>(d)(e)(f)</sup><br>| 71253858 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71275233 |
| &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $98,986,444) | &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $98,986,444) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98986443 |
| TOTAL INVESTMENTS IN SECURITIES-104.33%<br>(Cost $2,198,108,652) | TOTAL INVESTMENTS IN SECURITIES-104.33%<br>(Cost $2,198,108,652) | &nbsp;&nbsp;2366100985 |
| OTHER ASSETS LESS LIABILITIES-(4.33)% | OTHER ASSETS LESS LIABILITIES-(4.33)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(98282906) |
| NET ASSETS-100.00% | NET ASSETS-100.00% | $2267818079 |

---

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

------

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

(Unaudited)

---

| | |
|:---|:---|
| Notes to Schedule of Investments: | Notes to Schedule of Investments: |
| <sup>(a)</sup> | Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor's. |
| <sup>(b)</sup> | Non-income producing security. |
| <sup>(c)</sup> | All or a portion of this security was out on loan at January 31, 2023. |
| <sup>(d)</sup> | Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund's transactions in, and earnings from, its investments in affiliates for the nine months ended January 31, 2023. |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Value<br> April 30, 2022** | &nbsp;&nbsp;&nbsp;**Purchases<br> at Cost** | &nbsp;&nbsp;&nbsp;**Proceeds<br> from Sales** | &nbsp;&nbsp;&nbsp;**Change in<br> Unrealized<br> Appreciation<br> (Depreciation)** | &nbsp;&nbsp;&nbsp;**Realized<br> Gain** | &nbsp;&nbsp;&nbsp;**Value<br> January 31, 2023** | &nbsp;&nbsp;&nbsp;**Dividend<br> Income** |
| &nbsp;&nbsp;**Investments in Affiliated Money Market Funds:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Invesco Government & Agency Portfolio, Institutional Class | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;$25223856 | &nbsp;&nbsp;&nbsp;&nbsp;$(25223856) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;$19141 |
| &nbsp;&nbsp;**Investments Purchased with Cash Collateral from Securities on Loan:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Invesco Private Government Fund | &nbsp;&nbsp;&nbsp;&nbsp;22260207 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;576303628 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(570852625) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;27711210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;527,929\* |
| &nbsp;&nbsp;Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp;&nbsp;51899910 | &nbsp;&nbsp;&nbsp;&nbsp;1162882488 | &nbsp;&nbsp;&nbsp;&nbsp;(1143522561) | &nbsp;&nbsp;&nbsp;&nbsp;(7533) | &nbsp;&nbsp;&nbsp;&nbsp;22929 | &nbsp;&nbsp;&nbsp;&nbsp;71275233 | &nbsp;&nbsp;&nbsp;&nbsp;1,504,293\* |
| &nbsp;&nbsp;Total | &nbsp;&nbsp;&nbsp;$74160117 | &nbsp;&nbsp;&nbsp;$1764409972 | &nbsp;&nbsp;&nbsp;$(1739599042) | &nbsp;&nbsp;&nbsp;$(7533) | &nbsp;&nbsp;&nbsp;$22929 | &nbsp;&nbsp;&nbsp;$98986443 | &nbsp;&nbsp;&nbsp;$2051363 |

---

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

<sup>(e)</sup> The rate shown is the 7-day SEC standardized yield as of January 31, 2023. <br> <sup>(f)</sup> The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower's return of the securities loaned.

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

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

------

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

### Invesco S&P 500<sup>®</sup> Pure Value ETF (RPV)
January 31, 2023

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Common Stocks & Other Equity Interests-99.96%** | **Common Stocks & Other Equity Interests-99.96%** | **Common Stocks & Other Equity Interests-99.96%** |
| **Communication Services-14.67%** | **Communication Services-14.67%** | **Communication Services-14.67%** |
| AT&T, Inc.<br>| &nbsp;&nbsp;2339390 | &nbsp;&nbsp;$47653374 |
| DISH Network Corp., Class A<sup>(b)(c)</sup><br>| &nbsp;&nbsp;6756518 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97226294 |
| Fox Corp., Class A<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;553633 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18790304 |
| Fox Corp., Class B<br>| &nbsp;&nbsp;&nbsp;&nbsp;254993 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8083278 |
| Lumen Technologies, Inc.<sup>(c)</sup><br>| 21971776 | &nbsp;&nbsp;&nbsp;&nbsp;115351824 |
| News Corp., Class A<br>| &nbsp;&nbsp;1285359 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26041373 |
| News Corp., Class B<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;397968 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8134466 |
| Paramount Global, Class B<sup>(c)</sup><br>| &nbsp;&nbsp;5863745 | &nbsp;&nbsp;&nbsp;&nbsp;135804334 |
| Verizon Communications, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;575048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23904746 |
| Warner Bros Discovery, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;5741551 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85089786 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;566079779 |
| **Consumer Discretionary-17.27%** | **Consumer Discretionary-17.27%** | **Consumer Discretionary-17.27%** |
| Best Buy Co., Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;609761 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54097996 |
| BorgWarner, Inc.<br>| &nbsp;&nbsp;1002597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47402786 |
| CarMax, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;1041196 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73352258 |
| Ford Motor Co.<br>| &nbsp;&nbsp;5564000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75169640 |
| General Motors Co.<br>| &nbsp;&nbsp;2333342 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91747008 |
| Lennar Corp., Class A<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;559391 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57281638 |
| Mohawk Industries, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;727085 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87293825 |
| Newell Brands, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;3734141 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59596890 |
| PulteGroup, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;1120414 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63740353 |
| Whirlpool Corp.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;364896 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56774169 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;666456563 |
| **Consumer Staples-7.11%** | **Consumer Staples-7.11%** | **Consumer Staples-7.11%** |
| Kraft Heinz Co. (The)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;806360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32681771 |
| Kroger Co. (The)<br>| &nbsp;&nbsp;1208863 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53951556 |
| Molson Coors Beverage Co., Class B<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;867554 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45615989 |
| Tyson Foods, Inc., Class A<br>| &nbsp;&nbsp;1050639 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69079514 |
| Walgreens Boots Alliance, Inc.<br>| &nbsp;&nbsp;1981730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73046568 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;274375398 |
| **Energy-4.25%** | **Energy-4.25%** | **Energy-4.25%** |
| Kinder Morgan, Inc.<br>| &nbsp;&nbsp;1044131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19107597 |
| Phillips 66<br>| &nbsp;&nbsp;&nbsp;&nbsp;703513 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70541249 |
| Valero Energy Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;531912 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74483637 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;164132483 |
| **Financials-22.14%** | **Financials-22.14%** | **Financials-22.14%** |
| Allstate Corp. (The)<br>| &nbsp;&nbsp;&nbsp;&nbsp;173803 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22328471 |
| American International Group, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;735505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46498626 |
| Assurant, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;271317 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35973921 |
| Bank of America Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;600741 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21314291 |
| Bank of New York Mellon Corp. (The)<br>| &nbsp;&nbsp;&nbsp;&nbsp;669546 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33858941 |
| Berkshire Hathaway, Inc., Class B<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;163934 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51068720 |
| Capital One Financial Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;544120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64750280 |
| Citigroup, Inc.<br>| &nbsp;&nbsp;1504126 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78545460 |
| Citizens Financial Group, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;853025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36953043 |
| Franklin Resources, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;1166720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36401664 |
| Goldman Sachs Group, Inc. (The)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60223 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22030176 |
| Hartford Financial Services Group, Inc. (The)<br>| &nbsp;&nbsp;&nbsp;&nbsp;275942 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21415858 |
| Invesco Ltd.<sup>(d)</sup><br>| &nbsp;&nbsp;2786044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51569674 |
| Lincoln National Corp.<br>| &nbsp;&nbsp;1008597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35734592 |
| Loews Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;787888 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48439354 |
| M&T Bank Corp.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;112373 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17530188 |
| MetLife, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;259232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18929121 |
| Prudential Financial, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;242288 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25425703 |
| Signature Bank<br>| &nbsp;&nbsp;&nbsp;&nbsp;242665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31291652 |
| State Street Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;312763 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28564645 |
| SVB Financial Group<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;139112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42073033 |
| Synchrony Financial<br>| &nbsp;&nbsp;&nbsp;&nbsp;675800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24822134 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Financials-(continued)** | **Financials-(continued)** | **Financials-(continued)** |
| Truist Financial Corp.<br>| &nbsp;&nbsp;&nbsp;613079 | &nbsp;&nbsp;&nbsp;&nbsp;$30279972 |
| Wells Fargo & Co.<br>| &nbsp;&nbsp;&nbsp;611838 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28676847 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;854476366 |
| **Health Care-8.28%** | **Health Care-8.28%** | **Health Care-8.28%** |
| AmerisourceBergen Corp.<br>| &nbsp;&nbsp;&nbsp;269051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45458857 |
| Cardinal Health, Inc.<br>| &nbsp;&nbsp;&nbsp;502769 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38838905 |
| Centene Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;685881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52291568 |
| CVS Health Corp.<br>| &nbsp;&nbsp;&nbsp;513450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45296559 |
| DaVita, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;256111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21100985 |
| Universal Health Services, Inc., Class B<br>| &nbsp;&nbsp;&nbsp;274704 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40713880 |
| Viatris, Inc.<br>| 6247669 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75971655 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;319672409 |
| **Industrials-7.33%** | **Industrials-7.33%** | **Industrials-7.33%** |
| Alaska Air Group, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;805076 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41332602 |
| American Airlines Group, Inc.<sup>(b)(c)</sup><br>| 2471445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39889122 |
| Delta Air Lines, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;827537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32356697 |
| FedEx Corp.<br>| &nbsp;&nbsp;&nbsp;273322 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52986203 |
| Southwest Airlines Co.<br>| &nbsp;&nbsp;&nbsp;473113 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16923252 |
| Stanley Black & Decker, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;519738 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46417801 |
| United Airlines Holdings, Inc.<sup>(b)(c)</sup><br>| 1081339 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52942357 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;282848034 |
| **Information Technology-8.70%** | **Information Technology-8.70%** | **Information Technology-8.70%** |
| DXC Technology Co.<sup>(b)</sup><br>| 2243544 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64457019 |
| Fidelity National Information Services, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;544961 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40893873 |
| Global Payments, Inc.<br>| &nbsp;&nbsp;&nbsp;181121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20415959 |
| Hewlett Packard Enterprise Co.<sup>(c)</sup><br>| 3433161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55376887 |
| HP, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;927483 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27026855 |
| Intel Corp.<br>| &nbsp;&nbsp;&nbsp;954916 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26985926 |
| Micron Technology, Inc.<br>| &nbsp;&nbsp;&nbsp;461424 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27823867 |
| Western Digital Corp.<sup>(b)</sup><br>| 1653347 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72664601 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;335644987 |
| **Materials-8.02%** | **Materials-8.02%** | **Materials-8.02%** |
| Celanese Corp.<br>| &nbsp;&nbsp;&nbsp;185529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22857173 |
| Dow, Inc.<br>| &nbsp;&nbsp;&nbsp;758685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45027955 |
| DuPont de Nemours, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;257868 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19069339 |
| Eastman Chemical Co.<br>| &nbsp;&nbsp;&nbsp;289476 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25523099 |
| International Paper Co.<br>| 1330806 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55654307 |
| LyondellBasell Industries N.V., Class A<br>| &nbsp;&nbsp;&nbsp;528170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51068757 |
| WestRock Co.<br>| 2297351 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90148053 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;309348683 |
| **Real Estate-0.57%** | **Real Estate-0.57%** | **Real Estate-0.57%** |
| CBRE Group, Inc., Class A<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;257020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21977780 |
| **Utilities-1.62%** | **Utilities-1.62%** | **Utilities-1.62%** |
| Evergy, Inc.<br>| &nbsp;&nbsp;&nbsp;280931 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17600327 |
| Exelon Corp.<br>| &nbsp;&nbsp;&nbsp;607041 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25611060 |
| Pinnacle West Capital Corp.<br>| &nbsp;&nbsp;&nbsp;259970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19380763 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62592150 |
| TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-99.96%<br>(Cost $3,789,780,564) | TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-99.96%<br>(Cost $3,789,780,564) | &nbsp;&nbsp;3857604632 |

---

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

------

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

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Investments Purchased with Cash Collateral from Securities on Loan** | **Investments Purchased with Cash Collateral from Securities on Loan** | **Investments Purchased with Cash Collateral from Securities on Loan** |
| **Money Market Funds-10.76%** | **Money Market Funds-10.76%** | **Money Market Funds-10.76%** |
| Invesco Private Government Fund, 4.36%<sup>(d)(e)(f)</sup><br>| 113391832 | &nbsp;&nbsp;&nbsp;$113391832 |
| Invesco Private Prime Fund, 4.59%<sup>(d)(e)(f)</sup><br>| 301891842 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;301982406 |
| &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $415,369,932) | &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $415,369,932) | &nbsp;&nbsp;&nbsp;&nbsp;415374238 |
| TOTAL INVESTMENTS IN SECURITIES-110.72%<br>(Cost $4,205,150,496) | TOTAL INVESTMENTS IN SECURITIES-110.72%<br>(Cost $4,205,150,496) | &nbsp;&nbsp;4272978870 |
| OTHER ASSETS LESS LIABILITIES-(10.72)% | OTHER ASSETS LESS LIABILITIES-(10.72)% | &nbsp;&nbsp;&nbsp;&nbsp;(413731709) |
| NET ASSETS-100.00% | NET ASSETS-100.00% | $3859247161 |

---

---

| | |
|:---|:---|
| Notes to Schedule of Investments: | Notes to Schedule of Investments: |
| <sup>(a)</sup> | Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor's. |
| <sup>(b)</sup> | Non-income producing security. |
| <sup>(c)</sup> | All or a portion of this security was out on loan at January 31, 2023. |
| <sup>(d)</sup> | Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund's transactions in, and earnings from, its investments in affiliates for the nine months ended January 31, 2023. |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Value<br> April 30, 2022** | &nbsp;&nbsp;&nbsp;**Purchases<br> at Cost** | &nbsp;&nbsp;&nbsp;**Proceeds<br> from Sales** | &nbsp;&nbsp;&nbsp;**Change in<br> Unrealized<br> Appreciation** | &nbsp;&nbsp;&nbsp;**Realized<br> Gain<br> (Loss)** | &nbsp;&nbsp;&nbsp;**Value<br> January 31, 2023** | &nbsp;&nbsp;&nbsp;**Dividend<br> Income** |
| &nbsp;&nbsp;Invesco Ltd. | &nbsp;&nbsp;&nbsp;$36016603 | &nbsp;&nbsp;&nbsp;&nbsp;$25376424 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(9266932) | &nbsp;&nbsp;&nbsp;$179990 | &nbsp;&nbsp;&nbsp;$(736411) | &nbsp;&nbsp;&nbsp;$51569674 | &nbsp;&nbsp;&nbsp;$1065878 |
| &nbsp;&nbsp;**Investments in Affiliated Money Market Funds:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Invesco Government & Agency Portfolio, Institutional Class | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;228618 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101214590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(101443208) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48165 |
| &nbsp;&nbsp;**Investments Purchased with Cash Collateral from Securities on Loan:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Invesco Private Government Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36255009 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;622355771 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(545218948) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;113391832 | &nbsp;&nbsp;&nbsp;&nbsp;1,440,190\* |
| &nbsp;&nbsp;Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84530808 | &nbsp;&nbsp;&nbsp;&nbsp;1501880412 | &nbsp;&nbsp;&nbsp;&nbsp;(1284474899) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44488 | &nbsp;&nbsp;&nbsp;&nbsp;301982406 | &nbsp;&nbsp;&nbsp;&nbsp;3,948,904\* |
| &nbsp;&nbsp;Total | &nbsp;&nbsp;&nbsp;$157031038 | &nbsp;&nbsp;&nbsp;$2250827197 | &nbsp;&nbsp;&nbsp;$(1940403987) | &nbsp;&nbsp;&nbsp;$181587 | &nbsp;&nbsp;&nbsp;$(691923) | &nbsp;&nbsp;&nbsp;$466943912 | &nbsp;&nbsp;&nbsp;$6503137 |

---

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

<sup>(e)</sup> The rate shown is the 7-day SEC standardized yield as of January 31, 2023. <br> <sup>(f)</sup> The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower's return of the securities loaned.

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

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

------

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

### Invesco S&P 500<sup>®</sup> Top 50 ETF (XLG)
January 31, 2023

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Common Stocks & Other Equity Interests-99.95%** | **Common Stocks & Other Equity Interests-99.95%** | **Common Stocks & Other Equity Interests-99.95%** |
| **Communication Services-12.18%** | **Communication Services-12.18%** | **Communication Services-12.18%** |
| Alphabet, Inc., Class A<sup>(b)</sup><br>| 641598 | &nbsp;&nbsp;$63415546 |
| Alphabet, Inc., Class C<sup>(b)</sup><br>| 568807 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56806755 |
| AT&T, Inc.<br>| 764917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15581359 |
| Comcast Corp., Class A<br>| 463013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18219562 |
| Meta Platforms, Inc., Class A<sup>(b)</sup><br>| 241527 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35980277 |
| Verizon Communications, Inc.<br>| 450758 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18738010 |
| Walt Disney Co. (The)<sup>(b)</sup><br>| 195654 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21226503 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;229968012 |
| **Consumer Discretionary-11.77%** | **Consumer Discretionary-11.77%** | **Consumer Discretionary-11.77%** |
| Amazon.com, Inc.<sup>(b)</sup><br>| 953355 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98319501 |
| Home Depot, Inc. (The)<br>| 109969 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35648651 |
| McDonald's Corp.<br>| &nbsp;&nbsp;78603 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21018442 |
| NIKE, Inc., Class B<br>| 135204 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17215525 |
| Tesla, Inc.<sup>(b)</sup><br>| 288356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49949027 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;222151146 |
| **Consumer Staples-7.98%** | **Consumer Staples-7.98%** | **Consumer Staples-7.98%** |
| Coca-Cola Co. (The)<br>| 418044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25634458 |
| Costco Wholesale Corp.<br>| &nbsp;&nbsp;47509 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24283750 |
| PepsiCo, Inc.<br>| 147981 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25307711 |
| Philip Morris International, Inc.<br>| 166376 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17343034 |
| Procter & Gamble Co. (The)<br>| 254567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36245249 |
| Walmart, Inc.<br>| 151472 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21792277 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;150606479 |
| **Energy-4.48%** | **Energy-4.48%** | **Energy-4.48%** |
| Chevron Corp.<br>| 191070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33250002 |
| Exxon Mobil Corp.<br>| 442431 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51326420 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84576422 |
| **Financials-7.95%** | **Financials-7.95%** | **Financials-7.95%** |
| Bank of America Corp.<br>| 749678 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26598575 |
| Berkshire Hathaway, Inc., Class B<sup>(b)</sup><br>| 193532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60289089 |
| JPMorgan Chase & Co.<br>| 315057 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44095378 |
| Wells Fargo & Co.<br>| 408965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19168189 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;150151231 |
| **Health Care-15.94%** | **Health Care-15.94%** | **Health Care-15.94%** |
| Abbott Laboratories<br>| 187142 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20688548 |
| AbbVie, Inc.<br>| 189957 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28066147 |
| Bristol-Myers Squibb Co.<br>| 228188 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16577858 |
| Danaher Corp.<br>| &nbsp;&nbsp;70313 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18589351 |
| Eli Lilly and Co.<br>| &nbsp;&nbsp;84720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29156388 |
| Johnson & Johnson<br>| 280895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45903861 |
| Medtronic PLC<br>| 142650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11938378 |
| Merck & Co., Inc.<br>| 272343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29252361 |
| Pfizer, Inc.<br>| 602980 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26627597 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Health Care-(continued)** | **Health Care-(continued)** | **Health Care-(continued)** |
| Thermo Fisher Scientific, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42121 | &nbsp;&nbsp;&nbsp;&nbsp;$24022870 |
| UnitedHealth Group, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;100372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50104699 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300928058 |
| **Industrials-0.71%** | **Industrials-0.71%** | **Industrials-0.71%** |
| Union Pacific Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65987 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13473886 |
| **Information Technology-38.01%** | **Information Technology-38.01%** | **Information Technology-38.01%** |
| Accenture PLC, Class A<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18867966 |
| Adobe, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18478114 |
| Advanced Micro Devices, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;173059 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13005384 |
| Apple, Inc.<br>| &nbsp;&nbsp;1606408 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;231788610 |
| Broadcom, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43501 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25448520 |
| Cisco Systems, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;440693 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21448528 |
| Intel Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;442937 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12517400 |
| Mastercard, Inc., Class A<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91183 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33792420 |
| Microsoft Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;800787 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198443026 |
| NVIDIA Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;267533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52267922 |
| QUALCOMM, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;120312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16026762 |
| salesforce.com, inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;107318 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18026204 |
| Texas Instruments, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97412 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17262381 |
| Visa, Inc., Class A<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;175642 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40434545 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;717807782 |
| **Materials-0.93%** | **Materials-0.93%** | **Materials-0.93%** |
| Linde PLC (United Kingdom)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53057 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17558684 |
| TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-99.95%<br>(Cost $1,692,124,763) | TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-99.95%<br>(Cost $1,692,124,763) | &nbsp;&nbsp;1887221700 |
| **Investments Purchased with Cash Collateral from Securities on Loan** | **Investments Purchased with Cash Collateral from Securities on Loan** | **Investments Purchased with Cash Collateral from Securities on Loan** |
| **Money Market Funds-2.16%** | **Money Market Funds-2.16%** | **Money Market Funds-2.16%** |
| Invesco Private Government Fund, 4.36%<sup>(d)(e)(f)</sup><br>| 11411663 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11411663 |
| Invesco Private Prime Fund, 4.59%<sup>(d)(e)(f)</sup><br>| 29346935 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29355739 |
| &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $40,765,347) | &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $40,765,347) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40767402 |
| TOTAL INVESTMENTS IN SECURITIES-102.11%<br>(Cost $1,732,890,110) | TOTAL INVESTMENTS IN SECURITIES-102.11%<br>(Cost $1,732,890,110) | &nbsp;&nbsp;1927989102 |
| OTHER ASSETS LESS LIABILITIES-(2.11)% | OTHER ASSETS LESS LIABILITIES-(2.11)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(39752111) |
| NET ASSETS-100.00% | NET ASSETS-100.00% | $1888236991 |

---

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

------

### Invesco S&P 500<sup>®</sup> Top 50 ETF (XLG)—(continued)<br>
January 31, 2023

(Unaudited)

---

| | |
|:---|:---|
| Notes to Schedule of Investments: | Notes to Schedule of Investments: |
| <sup>(a)</sup> | Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor's. |
| <sup>(b)</sup> | Non-income producing security. |
| <sup>(c)</sup> | All or a portion of this security was out on loan at January 31, 2023. |
| <sup>(d)</sup> | Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund's transactions in, and earnings from, its investments in affiliates for the nine months ended January 31, 2023. |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Value<br> April 30, 2022** | &nbsp;&nbsp;&nbsp;**Purchases<br> at Cost** | &nbsp;&nbsp;&nbsp;**Proceeds<br> from Sales** | &nbsp;&nbsp;&nbsp;**Change in<br> Unrealized<br> Appreciation<br> (Depreciation)** | &nbsp;&nbsp;&nbsp;**Realized<br> Gain** | &nbsp;&nbsp;&nbsp;**Value<br> January 31, 2023** | &nbsp;&nbsp;&nbsp;**Dividend<br> Income** |
| &nbsp;&nbsp;**Investments in Affiliated Money Market Funds:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Invesco Government & Agency Portfolio, Institutional Class | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$23996498 | &nbsp;&nbsp;&nbsp;$(23996498) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$12239 |
| &nbsp;&nbsp;**Investments Purchased with Cash Collateral from Securities on Loan:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Invesco Private Government Fund | &nbsp;&nbsp;&nbsp;&nbsp;12114562 | &nbsp;&nbsp;&nbsp;&nbsp;186505603 | &nbsp;&nbsp;&nbsp;&nbsp;(187208502) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;11411663 | &nbsp;&nbsp;&nbsp;&nbsp;263,737\* |
| &nbsp;&nbsp;Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp;&nbsp;25624591 | &nbsp;&nbsp;&nbsp;&nbsp;336342607 | &nbsp;&nbsp;&nbsp;&nbsp;(332618278) | &nbsp;&nbsp;&nbsp;&nbsp;(2288) | &nbsp;&nbsp;&nbsp;&nbsp;9107 | &nbsp;&nbsp;&nbsp;&nbsp;29355739 | &nbsp;&nbsp;&nbsp;&nbsp;702,751\* |
| &nbsp;&nbsp;Total | &nbsp;&nbsp;&nbsp;$37739153 | &nbsp;&nbsp;&nbsp;$546844708 | &nbsp;&nbsp;&nbsp;$(543823278) | &nbsp;&nbsp;&nbsp;$(2288) | &nbsp;&nbsp;&nbsp;$9107 | &nbsp;&nbsp;&nbsp;$40767402 | &nbsp;&nbsp;&nbsp;$978727 |

---

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

<sup>(e)</sup> The rate shown is the 7-day SEC standardized yield as of January 31, 2023. <br> <sup>(f)</sup> The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower's return of the securities loaned.

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

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

------

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

### Invesco S&P MidCap 400<sup>®</sup> Pure Growth ETF (RFG)
January 31, 2023

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Common Stocks & Other Equity Interests-99.92%** | **Common Stocks & Other Equity Interests-99.92%** | **Common Stocks & Other Equity Interests-99.92%** |
| **Communication Services-3.32%** | **Communication Services-3.32%** | **Communication Services-3.32%** |
| Nexstar Media Group, Inc., Class A<br>| &nbsp;&nbsp;27043 | &nbsp;&nbsp;$5537595 |
| World Wrestling Entertainment, Inc., Class A<sup>(b)</sup><br>| &nbsp;&nbsp;37754 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3194744 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8732339 |
| **Consumer Discretionary-10.89%** | **Consumer Discretionary-10.89%** | **Consumer Discretionary-10.89%** |
| Crocs, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;20294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2471200 |
| Deckers Outdoor Corp.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;5400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2308392 |
| Grand Canyon Education, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;35062 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4086827 |
| H&R Block, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;59879 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2334083 |
| Murphy USA, Inc.<br>| &nbsp;&nbsp;19249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5236306 |
| Service Corp. International<br>| &nbsp;&nbsp;27941 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2071825 |
| Tempur Sealy International, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;85053 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3465910 |
| Texas Roadhouse, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;25802 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2591295 |
| Visteon Corp.<sup>(c)</sup><br>| &nbsp;&nbsp;11576 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1809792 |
| Wingstop, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;14483 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2295121 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;28670751 |
| **Consumer Staples-5.24%** | **Consumer Staples-5.24%** | **Consumer Staples-5.24%** |
| Casey's General Stores, Inc.<br>| &nbsp;&nbsp;15518 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3660851 |
| Celsius Holdings, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;47337 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4748848 |
| Darling Ingredients, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;52740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3496135 |
| Lancaster Colony Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;9830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1886475 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;13792309 |
| **Energy-19.83%** | **Energy-19.83%** | **Energy-19.83%** |
| Antero Resources Corp.<sup>(c)</sup><br>| 197917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5707926 |
| CNX Resources Corp.<sup>(b)(c)</sup><br>| 264295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4421656 |
| DT Midstream, Inc.<br>| &nbsp;&nbsp;74824 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4089880 |
| Matador Resources Co.<br>| 100068 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6620499 |
| Murphy Oil Corp.<br>| &nbsp;&nbsp;98453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4293535 |
| NOV, Inc.<br>| 132704 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3243286 |
| PBF Energy, Inc., Class A<br>| 185798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7801658 |
| PDC Energy, Inc.<br>| &nbsp;&nbsp;93170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6310404 |
| Range Resources Corp.<br>| 210356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5263107 |
| Southwestern Energy Co.<sup>(c)</sup><br>| 802604 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4430374 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;52182325 |
| **Financials-11.29%** | **Financials-11.29%** | **Financials-11.29%** |
| Annaly Capital Management, Inc.<sup>(b)</sup><br>| 325926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7649483 |
| FirstCash Holdings, Inc.<br>| &nbsp;&nbsp;21803 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2009801 |
| Jefferies Financial Group, Inc.<br>| 116293 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4567989 |
| Kinsale Capital Group, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;18737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5217130 |
| RLI Corp.<br>| &nbsp;&nbsp;34157 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4524095 |
| Selective Insurance Group, Inc.<br>| &nbsp;&nbsp;18933 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1798635 |
| SLM Corp.<br>| 224942 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3952231 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;29719364 |
| **Health Care-13.12%** | **Health Care-13.12%** | **Health Care-13.12%** |
| Exelixis, Inc.<sup>(c)</sup><br>| 106432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1875332 |
| Halozyme Therapeutics, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;95684 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4953561 |
| HealthEquity, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;23585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1435147 |
| Inari Medical, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;50417 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2876290 |
| Jazz Pharmaceuticals PLC<sup>(c)</sup><br>| &nbsp;&nbsp;17772 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2784161 |
| Lantheus Holdings, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;41056 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2360720 |
| Medpace Holdings, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;13825 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3056293 |
| Neurocrine Biosciences, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;40489 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4491445 |
| Option Care Health, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;82943 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2394564 |
| Repligen Corp.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;11523 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2135212 |
| Shockwave Medical, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;23337 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4385722 |
| United Therapeutics Corp.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;6781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1784556 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;34533003 |
| **Industrials-13.66%** | **Industrials-13.66%** | **Industrials-13.66%** |
| Avis Budget Group, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;17937 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3588118 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Industrials-(continued)** | **Industrials-(continued)** | **Industrials-(continued)** |
| Axon Enterprise, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;22331 | &nbsp;&nbsp;&nbsp;&nbsp;$4364371 |
| Builders FirstSource, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;69550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5543135 |
| Carlisle Cos., Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2269530 |
| Clean Harbors, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;21391 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2787247 |
| EMCOR Group, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;14709 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2180609 |
| FTI Consulting, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;12817 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2044568 |
| KBR, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;35967 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1842589 |
| Landstar System, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;21187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3661749 |
| Simpson Manufacturing Co., Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;25759 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2759047 |
| Toro Co. (The)<br>| &nbsp;&nbsp;&nbsp;&nbsp;15558 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1735028 |
| Valmont Industries, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9632 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3175959 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35951950 |
| **Information Technology-8.79%** | **Information Technology-8.79%** | **Information Technology-8.79%** |
| Amkor Technology, Inc.<br>| &nbsp;&nbsp;&nbsp;151742 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4439971 |
| Belden, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;29893 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2424023 |
| Calix, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;28637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1507452 |
| Cirrus Logic, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;35201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3181818 |
| Concentrix Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;19510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2766713 |
| ExlService Holdings, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;14967 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2553370 |
| Fair Isaac Corp.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2424058 |
| Paylocity Holding Corp.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1805250 |
| WEX, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;10945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2024497 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23127152 |
| **Materials-10.57%** | **Materials-10.57%** | **Materials-10.57%** |
| Cabot Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;32713 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2464270 |
| Eagle Materials, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;13608 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1987857 |
| Louisiana-Pacific Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;69011 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4698959 |
| MP Materials Corp.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;93002 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3023495 |
| Olin Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;46753 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3019776 |
| Reliance Steel & Aluminum Co.<br>| &nbsp;&nbsp;&nbsp;&nbsp;20072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4565376 |
| Silgan Holdings, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;51985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2801472 |
| Westlake Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;42736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5245844 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27807049 |
| **Utilities-3.21%** | **Utilities-3.21%** | **Utilities-3.21%** |
| Essential Utilities, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;70378 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3288764 |
| OGE Energy Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;63780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2507829 |
| ONE Gas, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;32305 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2660640 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8457233 |
| &nbsp;&nbsp;&nbsp;Total Common Stocks & Other Equity Interests<br>(Cost $243,554,698) | &nbsp;&nbsp;&nbsp;Total Common Stocks & Other Equity Interests<br>(Cost $243,554,698) | &nbsp;&nbsp;262973475 |
| **Money Market Funds-0.10%** | **Money Market Funds-0.10%** | **Money Market Funds-0.10%** |
| Invesco Government & Agency Portfolio, Institutional Class, 4.30%<sup>(d)(e)</sup><br>(Cost $268,136)<br>| &nbsp;&nbsp;&nbsp;268136 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;268136 |
| TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-100.02%<br>(Cost $243,822,834) | TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-100.02%<br>(Cost $243,822,834) | &nbsp;&nbsp;263241611 |
| **Investments Purchased with Cash Collateral from Securities on Loan** | **Investments Purchased with Cash Collateral from Securities on Loan** | **Investments Purchased with Cash Collateral from Securities on Loan** |
| **Money Market Funds-11.57%** | **Money Market Funds-11.57%** | **Money Market Funds-11.57%** |
| Invesco Private Government Fund, 4.36%<sup>(d)(e)(f)</sup><br>| 8010760 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8010760 |

---

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

------

### Invesco S&P MidCap 400<sup>®</sup> Pure Growth ETF (RFG)—(continued)<br>
January 31, 2023

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Money Market Funds-(continued)** | **Money Market Funds-(continued)** | **Money Market Funds-(continued)** |
| Invesco Private Prime Fund, 4.59%<sup>(d)(e)(f)</sup><br>| 22437063 | &nbsp;&nbsp;$22443794 |
| &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $30,453,146) | &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $30,453,146) | &nbsp;&nbsp;&nbsp;&nbsp;30454554 |
| TOTAL INVESTMENTS IN SECURITIES-111.59%<br>(Cost $274,275,980) | TOTAL INVESTMENTS IN SECURITIES-111.59%<br>(Cost $274,275,980) | &nbsp;&nbsp;293696165 |
| OTHER ASSETS LESS LIABILITIES-(11.59)% | OTHER ASSETS LESS LIABILITIES-(11.59)% | &nbsp;&nbsp;&nbsp;(30515293) |
| NET ASSETS-100.00% | NET ASSETS-100.00% | $263180872 |

---

---

| | |
|:---|:---|
| Notes to Schedule of Investments: | Notes to Schedule of Investments: |
| <sup>(a)</sup> | Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor's. |
| <sup>(b)</sup> | All or a portion of this security was out on loan at January 31, 2023. |
| <sup>(c)</sup> | Non-income producing security. |
| <sup>(d)</sup> | Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund's transactions in, and earnings from, its investments in affiliates for the nine months ended January 31, 2023. |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Value<br> April 30, 2022** | &nbsp;&nbsp;&nbsp;**Purchases<br> at Cost** | &nbsp;&nbsp;&nbsp;**Proceeds<br> from Sales** | &nbsp;&nbsp;&nbsp;**Change in<br> Unrealized<br> Appreciation** | &nbsp;&nbsp;&nbsp;**Realized<br> Gain** | &nbsp;&nbsp;&nbsp;**Value<br> January 31, 2023** | &nbsp;&nbsp;&nbsp;**Dividend<br> Income** |
| &nbsp;&nbsp;**Investments in Affiliated Money Market Funds:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Invesco Government & Agency Portfolio, Institutional Class | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;$3419619 | &nbsp;&nbsp;&nbsp;&nbsp;$(3151483) | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;$268136 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2044 |
| &nbsp;&nbsp;**Investments Purchased with Cash Collateral from Securities on Loan:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Invesco Private Government Fund | &nbsp;&nbsp;&nbsp;&nbsp;20042244 | &nbsp;&nbsp;&nbsp;&nbsp;120876441 | &nbsp;&nbsp;&nbsp;&nbsp;(132907925) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8010760 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;287,574\* |
| &nbsp;&nbsp;Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp;&nbsp;48584214 | &nbsp;&nbsp;&nbsp;&nbsp;239650774 | &nbsp;&nbsp;&nbsp;&nbsp;(265801617) | &nbsp;&nbsp;&nbsp;&nbsp;95 | &nbsp;&nbsp;&nbsp;&nbsp;10328 | &nbsp;&nbsp;&nbsp;&nbsp;22443794 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;786,801\* |
| &nbsp;&nbsp;Total | &nbsp;&nbsp;&nbsp;$68626458 | &nbsp;&nbsp;&nbsp;$363946834 | &nbsp;&nbsp;&nbsp;$(401861025) | &nbsp;&nbsp;&nbsp;$95 | &nbsp;&nbsp;&nbsp;$10328 | &nbsp;&nbsp;&nbsp;$30722690 | &nbsp;&nbsp;&nbsp;$1076419 |

---

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

<sup>(e)</sup> The rate shown is the 7-day SEC standardized yield as of January 31, 2023. <br> <sup>(f)</sup> The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower's return of the securities loaned.

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

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

------

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

### Invesco S&P MidCap 400<sup>®</sup> Pure Value ETF (RFV)
January 31, 2023

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Common Stocks & Other Equity Interests-99.95%** | **Common Stocks & Other Equity Interests-99.95%** | **Common Stocks & Other Equity Interests-99.95%** |
| **Communication Services-0.60%** | **Communication Services-0.60%** | **Communication Services-0.60%** |
| Frontier Communications Parent, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;51884 | &nbsp;&nbsp;$1536285 |
| **Consumer Discretionary-34.59%** | **Consumer Discretionary-34.59%** | **Consumer Discretionary-34.59%** |
| Adient PLC<sup>(b)(c)</sup><br>| 100746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4535585 |
| Dana, Inc.<br>| 229138 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4156563 |
| Foot Locker, Inc.<sup>(c)</sup><br>| 114394 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4977283 |
| Gap, Inc. (The)<br>| 243550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3304974 |
| Goodyear Tire & Rubber Co. (The)<sup>(b)(c)</sup><br>| 669120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7527600 |
| Graham Holdings Co., Class B<br>| &nbsp;&nbsp;&nbsp;&nbsp;5551 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3626524 |
| Hanesbrands, Inc.<sup>(c)</sup><br>| 431353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3640619 |
| KB Home<br>| 179656 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6907773 |
| Kohl's Corp.<sup>(c)</sup><br>| 209543 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6782907 |
| Lear Corp.<sup>(c)</sup><br>| &nbsp;&nbsp;18452 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2689933 |
| Lithia Motors, Inc., Class A<sup>(c)</sup><br>| &nbsp;&nbsp;21503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5659590 |
| Macy's, Inc.<br>| 180007 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4253565 |
| Nordstrom, Inc.<sup>(c)</sup><br>| 157982 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3086968 |
| PVH Corp.<br>| &nbsp;&nbsp;68532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6161027 |
| Skechers U.S.A., Inc., Class A<sup>(b)(c)</sup><br>| &nbsp;&nbsp;27987 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1347574 |
| Taylor Morrison Home Corp., Class A<sup>(b)(c)</sup><br>| 194075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6947885 |
| Thor Industries, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;60075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5726950 |
| Toll Brothers, Inc.<br>| &nbsp;&nbsp;74321 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4421356 |
| Topgolf Callaway Brands Corp.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;95284 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2333505 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;88088181 |
| **Consumer Staples-1.82%** | **Consumer Staples-1.82%** | **Consumer Staples-1.82%** |
| Pilgrim's Pride Corp.<sup>(b)(c)</sup><br>| 134862 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3274449 |
| Post Holdings, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;14440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1371078 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4645527 |
| **Financials-14.30%** | **Financials-14.30%** | **Financials-14.30%** |
| Associated Banc-Corp<br>| &nbsp;&nbsp;59117 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1324812 |
| Brighthouse Financial, Inc.<sup>(b)</sup><br>| 115123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6477971 |
| CNO Financial Group, Inc.<br>| &nbsp;&nbsp;61965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1596218 |
| Essent Group Ltd.<br>| &nbsp;&nbsp;36130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1590804 |
| F.N.B. Corp.<br>| 105680 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1508054 |
| First American Financial Corp.<sup>(c)</sup><br>| &nbsp;&nbsp;43521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2692644 |
| Janus Henderson Group PLC<sup>(c)</sup><br>| &nbsp;&nbsp;71905 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1863778 |
| Kemper Corp.<br>| &nbsp;&nbsp;29381 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1725546 |
| MGIC Investment Corp.<br>| 132559 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1871733 |
| Navient Corp.<sup>(c)</sup><br>| 198165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3759190 |
| New York Community Bancorp, Inc.<br>| 307254 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3069468 |
| Old Republic International Corp.<br>| &nbsp;&nbsp;78371 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2068211 |
| PacWest Bancorp<br>| &nbsp;&nbsp;78197 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2162929 |
| Reinsurance Group of America, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;9369 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1421933 |
| Unum Group<br>| &nbsp;&nbsp;77765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3268463 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;36401754 |
| **Health Care-6.00%** | **Health Care-6.00%** | **Health Care-6.00%** |
| Enovis Corp.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;56352 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3547358 |
| Patterson Cos., Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;73367 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2214950 |
| Perrigo Co. PLC<br>| &nbsp;&nbsp;64946 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2430279 |
| Syneos Health, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;89802 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3225688 |
| Tenet Healthcare Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;70170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3848825 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;15267100 |
| **Industrials-9.76%** | **Industrials-9.76%** | **Industrials-9.76%** |
| Fluor Corp.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;62358 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2291656 |
| GXO Logistics, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;39784 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2081897 |
| JetBlue Airways Corp.<sup>(b)</sup><br>| 690857 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5526856 |
| ManpowerGroup, Inc.<br>| &nbsp;&nbsp;45305 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3948784 |
| Ryder System, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;41461 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3914333 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Industrials-(continued)** | **Industrials-(continued)** | **Industrials-(continued)** |
| Univar Solutions, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88921 | &nbsp;&nbsp;&nbsp;&nbsp;$3065996 |
| XPO, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;101259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4036184 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24865706 |
| **Information Technology-14.33%** | **Information Technology-14.33%** | **Information Technology-14.33%** |
| Arrow Electronics, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44876 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5272481 |
| Avnet, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;124739 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5723025 |
| Coherent Corp.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1900052 |
| Jabil, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43571 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3425988 |
| Kyndryl Holdings, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;200435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2683825 |
| MKS Instruments, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16974 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1736780 |
| NCR Corp.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;125043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3428679 |
| TD SYNNEX Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47114 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4812695 |
| Viasat, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63877 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2200563 |
| Vishay Intertechnology, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51642 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1182085 |
| Xerox Holdings Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;251151 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4113853 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36480026 |
| **Materials-8.09%** | **Materials-8.09%** | **Materials-8.09%** |
| Alcoa Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1690277 |
| Avient Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53169 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2154408 |
| Cleveland-Cliffs, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;331213 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7071398 |
| Greif, Inc., Class A<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29059 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2075684 |
| United States Steel Corp.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;267436 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7619252 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20611019 |
| **Real Estate-9.16%** | **Real Estate-9.16%** | **Real Estate-9.16%** |
| Cousins Properties, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68552 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1879696 |
| JBG SMITH Properties<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1586025 |
| Jones Lang LaSalle, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16222 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2998961 |
| Kilroy Realty Corp.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33838 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1388712 |
| Medical Properties Trust, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;149591 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1937204 |
| Park Hotels & Resorts, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;286847 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4219519 |
| Pebblebrook Hotel Trust<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;169861 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2785720 |
| Sabra Health Care REIT, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88346 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1192671 |
| SL Green Realty Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70284 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2892187 |
| Vornado Realty Trust<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2438024 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23318719 |
| **Utilities-1.30%** | **Utilities-1.30%** | **Utilities-1.30%** |
| Southwest Gas Holdings, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1354596 |
| UGI Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48842 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1945377 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3299973 |
| &nbsp;&nbsp;&nbsp;Total Common Stocks & Other Equity Interests<br>(Cost $237,685,674) | &nbsp;&nbsp;&nbsp;Total Common Stocks & Other Equity Interests<br>(Cost $237,685,674) | &nbsp;&nbsp;254514290 |
| **Money Market Funds-0.03%** | **Money Market Funds-0.03%** | **Money Market Funds-0.03%** |
| Invesco Government & Agency Portfolio, Institutional Class, 4.30%<sup>(d)(e)</sup><br>(Cost $73,938)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73938 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73938 |
| TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-99.98%<br>(Cost $237,759,612) | TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-99.98%<br>(Cost $237,759,612) | &nbsp;&nbsp;254588228 |
| **Investments Purchased with Cash Collateral from Securities on Loan** | **Investments Purchased with Cash Collateral from Securities on Loan** | **Investments Purchased with Cash Collateral from Securities on Loan** |
| **Money Market Funds-27.52%** | **Money Market Funds-27.52%** | **Money Market Funds-27.52%** |
| Invesco Private Government Fund, 4.36%<sup>(d)(e)(f)</sup><br>| 18922652 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18922652 |

---

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

------

### Invesco S&P MidCap 400<sup>®</sup> Pure Value ETF (RFV)—(continued)<br>
January 31, 2023

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Money Market Funds-(continued)** | **Money Market Funds-(continued)** | **Money Market Funds-(continued)** |
| Invesco Private Prime Fund, 4.59%<sup>(d)(e)(f)</sup><br>| 51135280 | &nbsp;&nbsp;$51150620 |
| &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $70,072,623) | &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $70,072,623) | &nbsp;&nbsp;&nbsp;&nbsp;70073272 |
| TOTAL INVESTMENTS IN SECURITIES-127.50%<br>(Cost $307,832,235) | TOTAL INVESTMENTS IN SECURITIES-127.50%<br>(Cost $307,832,235) | &nbsp;&nbsp;324661500 |
| OTHER ASSETS LESS LIABILITIES-(27.50)% | OTHER ASSETS LESS LIABILITIES-(27.50)% | &nbsp;&nbsp;&nbsp;(70029936) |
| NET ASSETS-100.00% | NET ASSETS-100.00% | $254631564 |

---

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

---

| | |
|:---|:---|
| Notes to Schedule of Investments: | Notes to Schedule of Investments: |
| <sup>(a)</sup> | Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor's. |
| <sup>(b)</sup> | Non-income producing security. |
| <sup>(c)</sup> | All or a portion of this security was out on loan at January 31, 2023. |
| <sup>(d)</sup> | Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund's transactions in, and earnings from, its investments in affiliates for the nine months ended January 31, 2023. |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Value<br> April 30, 2022** | &nbsp;&nbsp;&nbsp;**Purchases<br> at Cost** | &nbsp;&nbsp;&nbsp;**Proceeds<br> from Sales** | &nbsp;&nbsp;&nbsp;**Change in<br> Unrealized<br> Appreciation<br> (Depreciation)** | &nbsp;&nbsp;&nbsp;**Realized<br> Gain** | &nbsp;&nbsp;&nbsp;**Value<br> January 31, 2023** | &nbsp;&nbsp;&nbsp;**Dividend<br> Income** |
| &nbsp;&nbsp;**Investments in Affiliated Money Market Funds:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Invesco Government & Agency Portfolio, Institutional Class | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$89315 | &nbsp;&nbsp;&nbsp;&nbsp;$3543206 | &nbsp;&nbsp;&nbsp;&nbsp;$(3558583) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$73938 | &nbsp;&nbsp;&nbsp;&nbsp;$1230 |
| &nbsp;&nbsp;**Investments Purchased with Cash Collateral from Securities on Loan:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Invesco Private Government Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7518534 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71696841 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(60292723) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;18922652 | &nbsp;&nbsp;&nbsp;&nbsp;175,605\* |
| &nbsp;&nbsp;Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp;&nbsp;17532140 | &nbsp;&nbsp;&nbsp;&nbsp;148575016 | &nbsp;&nbsp;&nbsp;&nbsp;(114963497) | &nbsp;&nbsp;&nbsp;&nbsp;(1003) | &nbsp;&nbsp;&nbsp;&nbsp;7964 | &nbsp;&nbsp;&nbsp;&nbsp;51150620 | &nbsp;&nbsp;&nbsp;&nbsp;489,067\* |
| &nbsp;&nbsp;Total | &nbsp;&nbsp;&nbsp;$25139989 | &nbsp;&nbsp;&nbsp;$223815063 | &nbsp;&nbsp;&nbsp;$(178814803) | &nbsp;&nbsp;&nbsp;$(1003) | &nbsp;&nbsp;&nbsp;$7964 | &nbsp;&nbsp;&nbsp;$70147210 | &nbsp;&nbsp;&nbsp;$665902 |

---

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

<sup>(e)</sup> The rate shown is the 7-day SEC standardized yield as of January 31, 2023. <br> <sup>(f)</sup> The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower's return of the securities loaned.

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

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

------

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

### Invesco S&P SmallCap 600<sup>®</sup> Pure Growth ETF (RZG)
January 31, 2023

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Common Stocks & Other Equity Interests-99.89%** | **Common Stocks & Other Equity Interests-99.89%** | **Common Stocks & Other Equity Interests-99.89%** |
| **Communication Services-1.76%** | **Communication Services-1.76%** | **Communication Services-1.76%** |
| ATN International, Inc.<br>| &nbsp;&nbsp;18026 | &nbsp;&nbsp;&nbsp;&nbsp;$881111 |
| Cars.com, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;46552 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;796039 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1677150 |
| **Consumer Discretionary-7.53%** | **Consumer Discretionary-7.53%** | **Consumer Discretionary-7.53%** |
| Adtalem Global Education, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;24375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;930638 |
| Cavco Industries, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;3056 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;813202 |
| Ethan Allen Interiors, Inc.<br>| &nbsp;&nbsp;20889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;600350 |
| Green Brick Partners, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;43637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1361474 |
| Jack in the Box, Inc.<br>| &nbsp;&nbsp;10657 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;809719 |
| Monarch Casino & Resort, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;12825 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;982651 |
| Stride, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;16997 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;729681 |
| XPEL, Inc.<sup>(b)(c)(d)</sup><br>| &nbsp;&nbsp;12651 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;962362 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7190077 |
| **Consumer Staples-5.10%** | **Consumer Staples-5.10%** | **Consumer Staples-5.10%** |
| Cal-Maine Foods, Inc.<br>| &nbsp;&nbsp;17605 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1007358 |
| elf Beauty, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;15090 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;868429 |
| Hostess Brands, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;17462 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;403896 |
| Medifast, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;4314 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;480795 |
| MGP Ingredients, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;7392 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;721016 |
| Simply Good Foods Co. (The)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;21319 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;773880 |
| Tootsie Roll Industries, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;13689 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;612309 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4867683 |
| **Energy-9.04%** | **Energy-9.04%** | **Energy-9.04%** |
| Civitas Resources, Inc.<br>| &nbsp;&nbsp;23540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1566587 |
| CONSOL Energy, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;7181 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;415277 |
| Dorian LPG Ltd.<br>| &nbsp;&nbsp;56846 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1128393 |
| Ranger Oil Corp.<sup>(c)</sup><br>| &nbsp;&nbsp;20709 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;869778 |
| REX American Resources Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;44952 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1470830 |
| RPC, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;49099 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;487062 |
| SM Energy Co.<sup>(c)</sup><br>| &nbsp;&nbsp;41252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1355953 |
| Vital Energy, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;23603 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1328377 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8622257 |
| **Financials-14.49%** | **Financials-14.49%** | **Financials-14.49%** |
| ARMOUR Residential REIT, Inc.<br>| 254482 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1598147 |
| Avantax, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;27702 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;807236 |
| BancFirst Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;5983 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;515316 |
| Bancorp, Inc. (The)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;14126 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;479295 |
| Banner Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;5300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;343599 |
| City Holding Co.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;4832 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;458025 |
| CVB Financial Corp.<sup>(c)</sup><br>| &nbsp;&nbsp;13161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;318759 |
| Dime Community Bancshares, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;18223 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;543410 |
| First Bancorp<br>| &nbsp;&nbsp;54775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;736724 |
| Hanmi Financial Corp.<br>| &nbsp;&nbsp;30229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;704033 |
| Heritage Financial Corp.<br>| &nbsp;&nbsp;13374 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;381560 |
| Mr. Cooper Group, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;29790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1370042 |
| NBT Bancorp, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;11847 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;465706 |
| OFG Bancorp<br>| &nbsp;&nbsp;35332 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000249 |
| Palomar Holdings, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;13072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;668110 |
| Piper Sandler Cos.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;5723 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;813238 |
| Preferred Bank<br>| &nbsp;&nbsp;&nbsp;&nbsp;7573 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;538668 |
| ServisFirst Bancshares, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;5977 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;407512 |
| Stellar Bancorp, Inc.<br>| &nbsp;&nbsp;19216 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;540162 |
| StoneX Group, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;12917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1135146 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;13824937 |
| **Health Care-20.67%** | **Health Care-20.67%** | **Health Care-20.67%** |
| AdaptHealth Corp.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;32326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;692746 |
| Addus HomeCare Corp.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;3591 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;386104 |
| AMN Healthcare Services, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;9889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;947762 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Health Care-(continued)** | **Health Care-(continued)** | **Health Care-(continued)** |
| Amphastar Pharmaceuticals, Inc.<sup>(b)(c)</sup><br>| 24552 | &nbsp;&nbsp;&nbsp;&nbsp;$742944 |
| Arcus Biosciences, Inc.<sup>(b)(c)</sup><br>| 20684 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;447395 |
| Catalyst Pharmaceuticals, Inc.<sup>(b)(c)</sup><br>| 80792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1251468 |
| Collegium Pharmaceutical, Inc.<sup>(b)(c)</sup><br>| 17487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;491035 |
| Corcept Therapeutics, Inc.<sup>(b)</sup><br>| 30298 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;692612 |
| Cross Country Healthcare, Inc.<sup>(b)(c)</sup><br>| 48134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1335718 |
| Cytokinetics, Inc.<sup>(b)</sup><br>| 28117 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1194410 |
| Dynavax Technologies Corp.<sup>(b)(c)</sup><br>| 96727 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1100753 |
| Ensign Group, Inc. (The)<sup>(c)</sup><br>| &nbsp;&nbsp;9189 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;856874 |
| Innoviva, Inc.<sup>(b)(c)</sup><br>| 59116 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;747817 |
| iTeos Therapeutics, Inc.<sup>(b)</sup><br>| 92803 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1939583 |
| NextGen Healthcare, Inc.<sup>(b)</sup><br>| 21385 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;406743 |
| OmniAb, Inc.<sup>(b)(e)</sup><br>| &nbsp;&nbsp;2880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| OmniAb, Inc., Class A<sup>(b)(e)</sup><br>| &nbsp;&nbsp;2881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Pacira BioSciences, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;7671 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;301240 |
| REGENXBIO, Inc.<sup>(b)(c)</sup><br>| 34436 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;799260 |
| Supernus Pharmaceuticals, Inc.<sup>(b)(c)</sup><br>| 17411 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;714025 |
| uniQure N.V. (Netherlands)<sup>(b)</sup><br>| 30578 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;649783 |
| Veradigm, Inc.<sup>(b)(c)</sup><br>| 26567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;475815 |
| Vir Biotechnology, Inc.<sup>(b)(c)</sup><br>| 66607 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1968237 |
| Xencor, Inc.<sup>(b)(c)</sup><br>| 13944 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;459036 |
| Zynex, Inc.<sup>(b)(c)</sup><br>| 79451 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1122643 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;19724003 |
| **Industrials-16.57%** | **Industrials-16.57%** | **Industrials-16.57%** |
| AAON, Inc.<br>| &nbsp;&nbsp;8958 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;683675 |
| Aerojet Rocketdyne Holdings, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;7077 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;395746 |
| AeroVironment, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;4319 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;384261 |
| Applied Industrial Technologies, Inc.<br>| &nbsp;&nbsp;3774 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;540474 |
| Boise Cascade Co.<sup>(c)</sup><br>| 16117 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1208291 |
| Comfort Systems USA, Inc.<br>| &nbsp;&nbsp;7449 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;901627 |
| Encore Wire Corp.<sup>(c)</sup><br>| &nbsp;&nbsp;8783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1417840 |
| EnPro Industries, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;4621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;559464 |
| Forward Air Corp.<sup>(c)</sup><br>| &nbsp;&nbsp;6948 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;749342 |
| Franklin Electric Co., Inc.<br>| &nbsp;&nbsp;4849 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;437865 |
| Hillenbrand, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;9094 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;426145 |
| Lindsay Corp.<br>| &nbsp;&nbsp;5155 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;807376 |
| Marten Transport Ltd.<sup>(c)</sup><br>| 36754 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;811896 |
| Matson, Inc.<br>| 19008 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1256809 |
| Mueller Industries, Inc.<br>| 14963 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;980825 |
| NV5 Global, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;4086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;544623 |
| PGT Innovations, Inc.<sup>(b)(c)</sup><br>| 42012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;911660 |
| Sun Country Airlines Holdings, Inc.<sup>(b)(c)</sup><br>| 34452 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;643219 |
| Titan International, Inc.<sup>(b)(c)</sup><br>| 59996 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1001333 |
| UFP Industries, Inc.<br>| 12309 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1151507 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;15813978 |
| **Information Technology-17.38%** | **Information Technology-17.38%** | **Information Technology-17.38%** |
| A10 Networks, Inc.<sup>(c)</sup><br>| 21707 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;336024 |
| Advanced Energy Industries, Inc.<sup>(c)</sup><br>| 12181 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1129666 |
| Agilysys, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;6864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;573556 |
| Alpha & Omega Semiconductor Ltd.<sup>(b)(c)</sup><br>| 24409 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;804521 |
| Axcelis Technologies, Inc.<sup>(b)(c)</sup><br>| 17671 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1942927 |
| Badger Meter, Inc.<br>| &nbsp;&nbsp;3881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;449808 |
| Clearfield, Inc.<sup>(b)(c)</sup><br>| 13048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;932410 |
| CTS Corp.<br>| 10969 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;488230 |
| Digi International, Inc.<sup>(b)(c)</sup><br>| 13034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;443026 |
| Diodes, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;6256 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;557973 |
| DoubleVerify Holdings, Inc.<sup>(b)</sup><br>| 35017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;952112 |
| Extreme Networks, Inc.<sup>(b)</sup><br>| 18877 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;340352 |
| Fabrinet (Thailand)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;5310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;699115 |
| Harmonic, Inc.<sup>(b)(c)</sup><br>| 48640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;640589 |
| Kulicke & Soffa Industries, Inc. (Singapore)<sup>(c)</sup><br>| 19767 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1010094 |

---

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

------

### Invesco S&P SmallCap 600<sup>®</sup> Pure Growth ETF (RZG)—(continued)<br>
January 31, 2023

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Information Technology-(continued)** | **Information Technology-(continued)** | **Information Technology-(continued)** |
| MaxLinear, Inc.<sup>(b)(c)</sup><br>| 11810 | &nbsp;&nbsp;&nbsp;&nbsp;$486572 |
| NetScout Systems, Inc.<sup>(b)(c)</sup><br>| 10522 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;337756 |
| Onto Innovation, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;6531 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;513663 |
| Photronics, Inc.<sup>(b)</sup><br>| 50801 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;920514 |
| Plexus Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;5201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;499244 |
| Progress Software Corp.<sup>(c)</sup><br>| 10173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;539576 |
| Rambus, Inc.<sup>(b)(c)</sup><br>| 29669 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1200704 |
| SPS Commerce, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;2617 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;356121 |
| Veeco Instruments, Inc.<sup>(b)(c)</sup><br>| 21578 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;428539 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;16583092 |
| **Materials-4.36%** | **Materials-4.36%** | **Materials-4.36%** |
| American Vanguard Corp.<br>| 25876 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;584539 |
| Hawkins, Inc.<br>| 23223 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;905697 |
| Innospec, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;4709 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;532211 |
| Kaiser Aluminum Corp.<br>| 10023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;877213 |
| Livent Corp.<sup>(b)(c)</sup><br>| 17364 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;450075 |
| Myers Industries, Inc.<sup>(c)</sup><br>| 33874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;815686 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4165421 |
| **Real Estate-1.65%** | **Real Estate-1.65%** | **Real Estate-1.65%** |
| Marcus & Millichap, Inc.<sup>(c)</sup><br>| 17821 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;645833 |
| St. Joe Co. (The)<sup>(c)</sup><br>| 19671 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;926504 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1572337 |
| **Utilities-1.34%** | **Utilities-1.34%** | **Utilities-1.34%** |
| SJW Group<br>| &nbsp;&nbsp;5494 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;425291 |
| South Jersey Industries, Inc.<br>| 12054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;435029 |
| Unitil Corp.<br>| &nbsp;&nbsp;7979 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;416264 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1276584 |
| &nbsp;&nbsp;&nbsp;Total Common Stocks & Other Equity Interests<br>(Cost $91,954,239) | &nbsp;&nbsp;&nbsp;Total Common Stocks & Other Equity Interests<br>(Cost $91,954,239) | &nbsp;&nbsp;95317519 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Money Market Funds-0.06%** | **Money Market Funds-0.06%** | **Money Market Funds-0.06%** |
| Invesco Government & Agency Portfolio, Institutional Class, 4.30%<sup>(f)(g)</sup><br>(Cost $57,372)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$57372 |
| TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-99.95%<br>(Cost $92,011,611) | TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-99.95%<br>(Cost $92,011,611) | &nbsp;&nbsp;&nbsp;&nbsp;95374891 |
| **Investments Purchased with Cash Collateral from Securities on Loan** | **Investments Purchased with Cash Collateral from Securities on Loan** | **Investments Purchased with Cash Collateral from Securities on Loan** |
| **Money Market Funds-27.16%** | **Money Market Funds-27.16%** | **Money Market Funds-27.16%** |
| Invesco Private Government Fund, 4.36%<sup>(f)(g)(h)</sup><br>| &nbsp;&nbsp;7184579 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7184579 |
| Invesco Private Prime Fund, 4.59%<sup>(f)(g)(h)</sup><br>| 18728192 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18733810 |
| &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $25,916,554) | &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $25,916,554) | &nbsp;&nbsp;&nbsp;&nbsp;25918389 |
| TOTAL INVESTMENTS IN SECURITIES-127.11%<br>(Cost $117,928,165) | TOTAL INVESTMENTS IN SECURITIES-127.11%<br>(Cost $117,928,165) | &nbsp;&nbsp;121293280 |
| OTHER ASSETS LESS LIABILITIES-(27.11)% | OTHER ASSETS LESS LIABILITIES-(27.11)% | &nbsp;&nbsp;&nbsp;(25866814) |
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp;$95426466 |

---

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

---

| | |
|:---|:---|
| Notes to Schedule of Investments: | Notes to Schedule of Investments: |
| <sup>(a)</sup> | Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor's. |
| <sup>(b)</sup> | Non-income producing security. |
| <sup>(c)</sup> | All or a portion of this security was out on loan at January 31, 2023. |
| <sup>(d)</sup> | Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the "1933 Act"). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The value of this security at January 31, 2023 represented 1.01% of the Fund's Net Assets. |
| <sup>(e)</sup> | Security valued using significant unobservable inputs (Level 3). See Note 1. |
| <sup>(f)</sup> | Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund's transactions in, and earnings from, its investments in affiliates for the nine months ended January 31, 2023. |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Value<br> April 30, 2022** | &nbsp;&nbsp;&nbsp;**Purchases<br> at Cost** | &nbsp;&nbsp;&nbsp;**Proceeds<br> from Sales** | &nbsp;&nbsp;&nbsp;**Change in<br> Unrealized<br> Appreciation** | &nbsp;&nbsp;&nbsp;**Realized<br> Gain** | &nbsp;&nbsp;&nbsp;**Value<br> January 31, 2023** | &nbsp;&nbsp;&nbsp;**Dividend<br> Income** |
| &nbsp;&nbsp;**Investments in Affiliated Money Market Funds:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Invesco Government & Agency Portfolio, Institutional Class | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$56928 | &nbsp;&nbsp;&nbsp;$2467747 | &nbsp;&nbsp;&nbsp;&nbsp;$(2467303) | &nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$57372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$817 |

---

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

------

January 31, 2023

(Unaudited)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Value<br> April 30, 2022** | &nbsp;&nbsp;&nbsp;**Purchases<br> at Cost** | &nbsp;&nbsp;&nbsp;**Proceeds<br> from Sales** | &nbsp;&nbsp;&nbsp;**Change in<br> Unrealized<br> Appreciation** | &nbsp;&nbsp;&nbsp;**Realized<br> Gain** | &nbsp;&nbsp;&nbsp;**Value<br> January 31, 2023** | &nbsp;&nbsp;&nbsp;**Dividend<br> Income** |
| &nbsp;&nbsp;**Investments Purchased with Cash Collateral from Securities on Loan:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Invesco Private Government Fund | &nbsp;&nbsp;&nbsp;$11064178 | &nbsp;&nbsp;&nbsp;$30225842 | &nbsp;&nbsp;&nbsp;$(34105441) | &nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$7184579 | &nbsp;&nbsp;&nbsp;$182,207\* |
| &nbsp;&nbsp;Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp;&nbsp;25804690 | &nbsp;&nbsp;&nbsp;&nbsp;59891890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(66970461) | &nbsp;&nbsp;&nbsp;&nbsp;452 | &nbsp;&nbsp;&nbsp;&nbsp;7239 | &nbsp;&nbsp;&nbsp;&nbsp;18733810 | &nbsp;&nbsp;&nbsp;&nbsp;497,758\* |
| &nbsp;&nbsp;Total | &nbsp;&nbsp;&nbsp;$36925796 | &nbsp;&nbsp;&nbsp;$92585479 | &nbsp;&nbsp;&nbsp;$(103543205) | &nbsp;&nbsp;&nbsp;$452 | &nbsp;&nbsp;&nbsp;$7239 | &nbsp;&nbsp;&nbsp;$25975761 | &nbsp;&nbsp;&nbsp;$680782 |

---

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

<sup>(g)</sup> The rate shown is the 7-day SEC standardized yield as of January 31, 2023. <br> <sup>(h)</sup> The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower's return of the securities loaned.

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

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

------

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

### Invesco S&P SmallCap 600<sup>®</sup> Pure Value ETF (RZV)
January 31, 2023

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Common Stocks & Other Equity Interests-99.94%** | **Common Stocks & Other Equity Interests-99.94%** | **Common Stocks & Other Equity Interests-99.94%** |
| **Communication Services-5.73%** | **Communication Services-5.73%** | **Communication Services-5.73%** |
| AMC Networks, Inc., Class A<sup>(b)(c)</sup><br>| 194586 | &nbsp;&nbsp;$3601787 |
| Consolidated Communications Holdings, Inc.<sup>(b)(c)</sup><br>| 519057 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2257898 |
| E.W. Scripps Co. (The), Class A<sup>(b)(c)</sup><br>| 206791 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3091525 |
| Gannett Co., Inc.<sup>(b)</sup><br>| 729869 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1649504 |
| Marcus Corp. (The)<sup>(c)</sup><br>| &nbsp;&nbsp;58501 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;885705 |
| Scholastic Corp.<br>| &nbsp;&nbsp;19863 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;878739 |
| Telephone & Data Systems, Inc.<sup>(c)</sup><br>| 396476 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5300884 |
| Thryv Holdings, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;64969 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1453357 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;19119399 |
| **Consumer Discretionary-28.83%** | **Consumer Discretionary-28.83%** | **Consumer Discretionary-28.83%** |
| Aaron's Co., Inc. (The)<sup>(c)</sup><br>| 341604 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5004499 |
| Abercrombie & Fitch Co., Class A<sup>(b)(c)</sup><br>| &nbsp;&nbsp;97220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2815491 |
| American Axle & Manufacturing Holdings, Inc.<sup>(b)</sup><br>| 177437 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1573866 |
| American Eagle Outfitters, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;80604 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1300949 |
| America's Car-Mart, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;44409 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3825391 |
| Big Lots, Inc.<sup>(c)</sup><br>| 219916 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3597826 |
| Caleres, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;82120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2136762 |
| Century Communities, Inc.<br>| &nbsp;&nbsp;74769 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4575863 |
| Chico's FAS, Inc.<sup>(b)(c)</sup><br>| 213846 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1126968 |
| Children's Place, Inc. (The)<sup>(b)(c)</sup><br>| &nbsp;&nbsp;54958 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2493444 |
| Designer Brands, Inc., Class A<sup>(c)</sup><br>| 157889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1627836 |
| El Pollo Loco Holdings, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;69085 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;847673 |
| Genesco, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;61276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2959018 |
| G-III Apparel Group Ltd.<sup>(b)(c)</sup><br>| 305275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5165253 |
| Group 1 Automotive, Inc.<br>| &nbsp;&nbsp;14262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3049929 |
| Guess?, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;50592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1172217 |
| La-Z-Boy, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;68764 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1954961 |
| LGI Homes, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;7870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;895999 |
| M.D.C. Holdings, Inc.<br>| 102219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3859789 |
| M/I Homes, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;96864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5792467 |
| MarineMax, Inc.<sup>(b)(c)</sup><br>| 101451 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3170344 |
| Meritage Homes Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;28217 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3038689 |
| Motorcar Parts of America, Inc.<sup>(b)(c)</sup><br>| 247335 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3601198 |
| ODP Corp. (The)<sup>(b)</sup><br>| &nbsp;&nbsp;50426 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2601982 |
| Patrick Industries, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;47632 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3380443 |
| Rent-A-Center, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;73364 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1972758 |
| Sally Beauty Holdings, Inc.<sup>(b)(c)</sup><br>| 121567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1894014 |
| Shoe Carnival, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;56846 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1552464 |
| Signet Jewelers Ltd.<sup>(c)</sup><br>| &nbsp;&nbsp;20884 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1604100 |
| Sleep Number Corp.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;36806 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1265390 |
| Sonic Automotive, Inc., Class A<sup>(c)</sup><br>| &nbsp;&nbsp;45749 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2457179 |
| Standard Motor Products, Inc.<br>| &nbsp;&nbsp;28016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1133527 |
| Tri Pointe Homes, Inc.<sup>(b)</sup><br>| 174737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3859940 |
| Universal Electronics, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;76239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1786280 |
| Urban Outfitters, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;44794 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1226908 |
| Wolverine World Wide, Inc.<sup>(c)</sup><br>| 240300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3876039 |
| Zumiez, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;80139 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2069990 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;96267446 |
| **Consumer Staples-4.60%** | **Consumer Staples-4.60%** | **Consumer Staples-4.60%** |
| B&G Foods, Inc.<sup>(c)</sup><br>| 141321 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1981320 |
| Fresh Del Monte Produce, Inc.<br>| 141793 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4055280 |
| Seneca Foods Corp., Class A<sup>(b)</sup><br>| &nbsp;&nbsp;47144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2946500 |
| SpartanNash Co.<br>| &nbsp;&nbsp;72738 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2304340 |
| United Natural Foods, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;60736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2527832 |
| Universal Corp.<br>| &nbsp;&nbsp;28246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1535735 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;15351007 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Energy-4.21%** | **Energy-4.21%** | **Energy-4.21%** |
| Bristow Group, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;67696 | &nbsp;&nbsp;$2067436 |
| DMC Global, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;67368 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1531948 |
| Helix Energy Solutions Group, Inc.<sup>(b)</sup><br>| 199636 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1583114 |
| Oil States International, Inc.<sup>(b)</sup><br>| 358856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3071807 |
| Par Pacific Holdings, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;90462 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2418049 |
| World Fuel Services Corp.<br>| 119920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3393736 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;14066090 |
| **Financials-10.70%** | **Financials-10.70%** | **Financials-10.70%** |
| Ambac Financial Group, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;87281 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1454101 |
| Apollo Commercial Real Estate Finance, Inc.<sup>(c)</sup><br>| 104827 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1275745 |
| Bread Financial Holdings, Inc.<br>| &nbsp;&nbsp;50200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2059706 |
| Encore Capital Group, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;27357 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1524332 |
| Enova International, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;19974 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;911813 |
| EZCORP, Inc., Class A<sup>(b)(c)</sup><br>| 251028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2286865 |
| Genworth Financial, Inc., Class A<sup>(b)</sup><br>| 858538 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4739130 |
| Granite Point Mortgage Trust, Inc.<sup>(c)</sup><br>| 121479 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;811480 |
| Green Dot Corp., Class A<sup>(b)</sup><br>| &nbsp;&nbsp;50527 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;913528 |
| Hilltop Holdings, Inc.<br>| &nbsp;&nbsp;27598 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;902455 |
| HomeStreet, Inc.<br>| &nbsp;&nbsp;34360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;947305 |
| Hope Bancorp, Inc.<br>| &nbsp;&nbsp;73474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;947080 |
| LendingTree, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;55262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2191691 |
| ProAssurance Corp.<br>| &nbsp;&nbsp;48917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;948501 |
| PROG Holdings, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;94147 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2098537 |
| Ready Capital Corp.<sup>(c)</sup><br>| &nbsp;&nbsp;71224 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;942293 |
| SiriusPoint Ltd. (Bermuda)<sup>(b)(c)</sup><br>| 236753 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1796955 |
| Stewart Information Services Corp.<sup>(c)</sup><br>| &nbsp;&nbsp;82830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3956789 |
| United Fire Group, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;38977 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1227386 |
| Universal Insurance Holdings, Inc.<br>| 155500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1981070 |
| World Acceptance Corp.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;18889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1808055 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;35724817 |
| **Health Care-4.86%** | **Health Care-4.86%** | **Health Care-4.86%** |
| Emergent BioSolutions, Inc.<sup>(b)(c)</sup><br>| 284446 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3751843 |
| Enhabit, Inc.<sup>(b)(c)</sup><br>| 258313 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3967688 |
| Organogenesis Holdings, Inc.<sup>(b)</sup><br>| 373632 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;956498 |
| Orthofix Medical, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;39891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;862842 |
| Owens & Minor, Inc.<sup>(c)</sup><br>| 110075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2172880 |
| Phibro Animal Health Corp., Class A<br>| &nbsp;&nbsp;73647 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1134164 |
| Zimvie, Inc.<sup>(b)(c)</sup><br>| 345696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3391278 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;16237193 |
| **Industrials-17.02%** | **Industrials-17.02%** | **Industrials-17.02%** |
| ABM Industries, Inc.<br>| &nbsp;&nbsp;32518 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1525419 |
| Allegiant Travel Co.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;13001 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1118476 |
| American Woodmark Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;36290 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2079054 |
| ArcBest Corp.<br>| &nbsp;&nbsp;22828 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1904997 |
| AZZ, Inc.<br>| &nbsp;&nbsp;23219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;986343 |
| CoreCivic, Inc.<sup>(b)(c)</sup><br>| 105822 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1125946 |
| Deluxe Corp.<sup>(c)</sup><br>| 122967 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2458110 |
| DXP Enterprises, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;87323 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2645887 |
| GEO Group, Inc. (The)<sup>(b)(c)</sup><br>| 152302 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1751473 |
| GMS, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;29932 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1775566 |
| Granite Construction, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;23805 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1013617 |
| Greenbrier Cos., Inc. (The)<sup>(c)</sup><br>| &nbsp;&nbsp;66364 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2051975 |
| Harsco Corp.<sup>(b)(c)</sup><br>| 345538 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2743572 |
| Hawaiian Holdings, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;65090 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;801909 |
| Heidrick & Struggles International, Inc.<br>| &nbsp;&nbsp;49488 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1522251 |
| HNI Corp.<sup>(c)</sup><br>| &nbsp;&nbsp;33421 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1061785 |
| Interface, Inc.<br>| 103043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1172629 |
| Kaman Corp.<sup>(c)</sup><br>| &nbsp;&nbsp;82696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2085593 |
| KAR Auction Services, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;86313 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1256717 |
| Kelly Services, Inc., Class A<br>| 262919 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4758834 |

---

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

------

### Invesco S&P SmallCap 600<sup>®</sup> Pure Value ETF (RZV)—(continued)<br>
January 31, 2023

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Industrials-(continued)** | **Industrials-(continued)** | **Industrials-(continued)** |
| MillerKnoll, Inc.<sup>(c)</sup><br>| 101750 | &nbsp;&nbsp;$2429790 |
| Pitney Bowes, Inc.<sup>(c)</sup><br>| 284168 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1224764 |
| Powell Industries, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;37347 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1482676 |
| Proto Labs, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;45592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1395115 |
| Resideo Technologies, Inc.<sup>(b)(c)</sup><br>| 177442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3412210 |
| RXO, Inc.<sup>(b)(c)</sup><br>| 103342 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1893226 |
| SkyWest, Inc.<sup>(b)(c)</sup><br>| 239077 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4963239 |
| TrueBlue, Inc.<sup>(b)(c)</sup><br>| 124745 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2448744 |
| Veritiv Corp.<sup>(c)</sup><br>| &nbsp;&nbsp;13758 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1720300 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;56810217 |
| **Information Technology-6.04%** | **Information Technology-6.04%** | **Information Technology-6.04%** |
| Benchmark Electronics, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;93713 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2623027 |
| Cerence, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;53743 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1317778 |
| Comtech Telecommunications Corp.<sup>(c)</sup><br>| 150981 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2394559 |
| Ebix, Inc.<sup>(c)</sup><br>| 111863 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2132109 |
| Ichor Holdings Ltd.<sup>(b)</sup><br>| &nbsp;&nbsp;32014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1082073 |
| Insight Enterprises, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;17955 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2023887 |
| NETGEAR, Inc.<sup>(b)</sup><br>| &nbsp;&nbsp;68180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1361555 |
| PC Connection, Inc.<br>| &nbsp;&nbsp;23629 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1158530 |
| ScanSource, Inc.<sup>(b)</sup><br>| 107149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3528416 |
| SMART Global Holdings, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;64546 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1109546 |
| TTM Technologies, Inc.<sup>(b)(c)</sup><br>| &nbsp;&nbsp;90401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1421104 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;20152584 |
| **Materials-9.96%** | **Materials-9.96%** | **Materials-9.96%** |
| AdvanSix, Inc.<br>| &nbsp;&nbsp;29135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1259797 |
| Arconic Corp.<sup>(b)</sup><br>| 110926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2607870 |
| Century Aluminum Co.<sup>(b)(c)</sup><br>| 307532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3456660 |
| Clearwater Paper Corp.<sup>(b)</sup><br>| &nbsp;&nbsp;71773 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2771155 |
| Koppers Holdings, Inc.<br>| &nbsp;&nbsp;76278 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2639982 |
| Mativ Holdings, Inc., Class A<sup>(c)</sup><br>| 134557 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3708391 |
| Minerals Technologies, Inc.<br>| &nbsp;&nbsp;12643 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;878056 |
| Olympic Steel, Inc.<sup>(c)</sup><br>| 114724 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5075390 |
| Rayonier Advanced Materials, Inc.<sup>(b)(c)</sup><br>| 447633 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3102097 |
| SunCoke Energy, Inc.<br>| 290643 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2647758 |
| Tredegar Corp.<sup>(c)</sup><br>| 191292 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2320372 |
| Trinseo PLC<sup>(c)</sup><br>| 100036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2775999 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;33243527 |
| **Real Estate-7.99%** | **Real Estate-7.99%** | **Real Estate-7.99%** |
| Anywhere Real Estate, Inc.<sup>(b)(c)</sup><br>| 600524 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5092443 |
| Brandywine Realty Trust<br>| 194618 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1276694 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Real Estate-(continued)** | **Real Estate-(continued)** | **Real Estate-(continued)** |
| Cushman & Wakefield PLC<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;202891 | &nbsp;&nbsp;&nbsp;&nbsp;$2927717 |
| Douglas Elliman, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;707159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3295361 |
| Franklin Street Properties Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;628494 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1935762 |
| Hersha Hospitality Trust, Class A<br>| &nbsp;&nbsp;&nbsp;&nbsp;254123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2337932 |
| Hudson Pacific Properties, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;156802 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1785975 |
| Industrial Logistics Properties Trust<br>| &nbsp;&nbsp;&nbsp;&nbsp;280946 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1238972 |
| iStar, Inc.<br>| &nbsp;&nbsp;&nbsp;&nbsp;101386 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;940862 |
| Office Properties Income Trust<br>| &nbsp;&nbsp;&nbsp;&nbsp;124077 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2129161 |
| Orion Office REIT, Inc.<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81428 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;785780 |
| RE/MAX Holdings, Inc., Class A<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81712 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1863851 |
| Service Properties Trust<br>| &nbsp;&nbsp;&nbsp;&nbsp;121123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1079206 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26689716 |
| &nbsp;&nbsp;&nbsp;Total Common Stocks & Other Equity Interests<br>(Cost $310,422,734) | &nbsp;&nbsp;&nbsp;Total Common Stocks & Other Equity Interests<br>(Cost $310,422,734) | &nbsp;&nbsp;333661996 |
| **Money Market Funds-0.04%** | **Money Market Funds-0.04%** | **Money Market Funds-0.04%** |
| Invesco Government & Agency Portfolio, Institutional Class, 4.30%<sup>(d)(e)</sup><br>(Cost $125,111)<br>| &nbsp;&nbsp;&nbsp;&nbsp;125111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125111 |
| TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-99.98%<br>(Cost $310,547,845) | TOTAL INVESTMENTS IN SECURITIES<br>(excluding investments purchased with cash collateral from securities on loan)-99.98%<br>(Cost $310,547,845) | &nbsp;&nbsp;333787107 |
| **Investments Purchased with Cash Collateral from Securities on Loan** | **Investments Purchased with Cash Collateral from Securities on Loan** | **Investments Purchased with Cash Collateral from Securities on Loan** |
| **Money Market Funds-22.43%** | **Money Market Funds-22.43%** | **Money Market Funds-22.43%** |
| Invesco Private Government Fund, 4.36%<sup>(d)(e)(f)</sup><br>| 20968636 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20968636 |
| Invesco Private Prime Fund, 4.59%<sup>(d)(e)(f)</sup><br>| 53912703 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53928876 |
| &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $74,896,480) | &nbsp;&nbsp;&nbsp;Total Investments Purchased with Cash Collateral from Securities on Loan<br>(Cost $74,896,480) | &nbsp;&nbsp;&nbsp;&nbsp;74897512 |
| TOTAL INVESTMENTS IN SECURITIES-122.41%<br>(Cost $385,444,325) | TOTAL INVESTMENTS IN SECURITIES-122.41%<br>(Cost $385,444,325) | &nbsp;&nbsp;408684619 |
| OTHER ASSETS LESS LIABILITIES-(22.41)% | OTHER ASSETS LESS LIABILITIES-(22.41)% | &nbsp;&nbsp;&nbsp;(74817942) |
| NET ASSETS-100.00% | NET ASSETS-100.00% | $333866677 |

---

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

---

| | |
|:---|:---|
| Notes to Schedule of Investments: | Notes to Schedule of Investments: |
| <sup>(a)</sup> | Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor's. |
| <sup>(b)</sup> | Non-income producing security. |
| <sup>(c)</sup> | All or a portion of this security was out on loan at January 31, 2023. |
| <sup>(d)</sup> | Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund's transactions in, and earnings from, its investments in affiliates for the nine months ended January 31, 2023. |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Value<br> April 30, 2022** | &nbsp;&nbsp;&nbsp;**Purchases<br> at Cost** | &nbsp;&nbsp;&nbsp;**Proceeds<br> from Sales** | &nbsp;&nbsp;&nbsp;**Change in<br> Unrealized<br> Appreciation<br> (Depreciation)** | &nbsp;&nbsp;&nbsp;**Realized<br> Gain<br> (Loss)** | &nbsp;&nbsp;&nbsp;**Value<br> January 31, 2023** | &nbsp;&nbsp;&nbsp;**Dividend<br> Income** |
| &nbsp;&nbsp;Invesco Mortgage Capital, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;$485636 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$194259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(542405) | &nbsp;&nbsp;&nbsp;$263000 | &nbsp;&nbsp;&nbsp;$(400490) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;$42602 |

---

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

------

January 31, 2023

(Unaudited)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Value<br> April 30, 2022** | &nbsp;&nbsp;&nbsp;**Purchases<br> at Cost** | &nbsp;&nbsp;&nbsp;**Proceeds<br> from Sales** | &nbsp;&nbsp;&nbsp;**Change in<br> Unrealized<br> Appreciation<br> (Depreciation)** | &nbsp;&nbsp;&nbsp;**Realized<br> Gain<br> (Loss)** | &nbsp;&nbsp;&nbsp;**Value<br> January 31, 2023** | &nbsp;&nbsp;&nbsp;**Dividend<br> Income** |
| &nbsp;&nbsp;**Investments in Affiliated Money Market Funds:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Invesco Government & Agency Portfolio, Institutional Class | &nbsp;&nbsp;&nbsp;&nbsp;$104095 | &nbsp;&nbsp;&nbsp;&nbsp;$9313109 | &nbsp;&nbsp;&nbsp;&nbsp;$(9292093) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;&nbsp;$125111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2488 |
| &nbsp;&nbsp;**Investments Purchased with Cash Collateral from Securities on Loan:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Invesco Private Government Fund | &nbsp;&nbsp;&nbsp;&nbsp;16991207 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93267776 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(89290347) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;20968636 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;297,933\* |
| &nbsp;&nbsp;Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp;&nbsp;39656595 | &nbsp;&nbsp;&nbsp;&nbsp;185899362 | &nbsp;&nbsp;&nbsp;&nbsp;(171639064) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1283) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13266 | &nbsp;&nbsp;&nbsp;&nbsp;53928876 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;820,826\* |
| &nbsp;&nbsp;Total | &nbsp;&nbsp;&nbsp;$57237533 | &nbsp;&nbsp;&nbsp;$288674506 | &nbsp;&nbsp;&nbsp;$(270763909) | &nbsp;&nbsp;&nbsp;$261717 | &nbsp;&nbsp;&nbsp;$(387224) | &nbsp;&nbsp;&nbsp;$75022623 | &nbsp;&nbsp;&nbsp;$1163849 |

---

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

<sup>(e)</sup> The rate shown is the 7-day SEC standardized yield as of January 31, 2023. <br> <sup>(f)</sup> The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower's return of the securities loaned.

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

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

------

### Notes to Quarterly Schedules of Portfolio Holdings
January 31, 2023

(Unaudited)

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

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

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

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

The following is a summary of the tiered valuation input levels, as of January 31, 2023. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;&nbsp;**Level 2** | &nbsp;&nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;&nbsp;**Total** |
| &nbsp;&nbsp;Invesco S&P 500<sup>®</sup> Pure Growth ETF |  |  |  |  |
| &nbsp;&nbsp;**Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp;$2267114542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$2267114542 |
| &nbsp;&nbsp;&nbsp;Money Market Funds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98986443 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98986443 |
| &nbsp;&nbsp;&nbsp;**Total Investments** | &nbsp;&nbsp;&nbsp;$2267114542 | &nbsp;&nbsp;&nbsp;$98986443 | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$2366100985 |
| &nbsp;&nbsp;Invesco S&P 500<sup>®</sup> Pure Value ETF |  |  |  |  |
| &nbsp;&nbsp;**Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp;$3857604632 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$3857604632 |
| &nbsp;&nbsp;&nbsp;Money Market Funds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;415374238 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;415374238 |
| &nbsp;&nbsp;&nbsp;**Total Investments** | &nbsp;&nbsp;&nbsp;$3857604632 | &nbsp;&nbsp;&nbsp;$415374238 | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$4272978870 |
| &nbsp;&nbsp;Invesco S&P 500<sup>®</sup> Top 50 ETF |  |  |  |  |
| &nbsp;&nbsp;**Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp;$1887221700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$1887221700 |
| &nbsp;&nbsp;&nbsp;Money Market Funds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40767402 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40767402 |
| &nbsp;&nbsp;&nbsp;**Total Investments** | &nbsp;&nbsp;&nbsp;$1887221700 | &nbsp;&nbsp;&nbsp;$40767402 | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$1927989102 |
| &nbsp;&nbsp;Invesco S&P MidCap 400<sup>®</sup> Pure Growth ETF |  |  |  |  |
| &nbsp;&nbsp;**Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp;$262973475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$262973475 |
| &nbsp;&nbsp;&nbsp;Money Market Funds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;268136 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30454554 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30722690 |
| &nbsp;&nbsp;&nbsp;**Total Investments** | &nbsp;&nbsp;&nbsp;$263241611 | &nbsp;&nbsp;&nbsp;$30454554 | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$293696165 |
| &nbsp;&nbsp;Invesco S&P MidCap 400<sup>®</sup> Pure Value ETF |  |  |  |  |
| &nbsp;&nbsp;**Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp;$254514290 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$254514290 |
| &nbsp;&nbsp;&nbsp;Money Market Funds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73938 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70073272 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70147210 |
| &nbsp;&nbsp;&nbsp;**Total Investments** | &nbsp;&nbsp;&nbsp;$254588228 | &nbsp;&nbsp;&nbsp;$70073272 | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$324661500 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;&nbsp;**Level 2** | &nbsp;&nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;&nbsp;**Total** |
| &nbsp;&nbsp;Invesco S&P SmallCap 600<sup>®</sup> Pure Growth ETF |  |  |  |  |
| &nbsp;&nbsp;**Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp;&nbsp;$95317519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$0 | &nbsp;&nbsp;&nbsp;&nbsp;$95317519 |
| &nbsp;&nbsp;&nbsp;Money Market Funds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25918389 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25975761 |
| &nbsp;&nbsp;&nbsp;**Total Investments** | &nbsp;&nbsp;&nbsp;&nbsp;$95374891 | &nbsp;&nbsp;&nbsp;$25918389 | &nbsp;&nbsp;&nbsp;$0 | &nbsp;&nbsp;&nbsp;$121293280 |
| &nbsp;&nbsp;Invesco S&P SmallCap 600<sup>®</sup> Pure Value ETF |  |  |  |  |
| &nbsp;&nbsp;**Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp;$333661996 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$333661996 |
| &nbsp;&nbsp;&nbsp;Money Market Funds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74897512 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75022623 |
| &nbsp;&nbsp;&nbsp;**Total Investments** | &nbsp;&nbsp;&nbsp;$333787107 | &nbsp;&nbsp;&nbsp;$74897512 | &nbsp;&nbsp;&nbsp;$- | &nbsp;&nbsp;&nbsp;$408684619 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Downers Grove

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60515

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

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

- **a. Name of Series:** Invesco S&P 500 Top 50 ETF

- **b. EDGAR series identifier (if any):** S000060793

- **c. LEI of Series:** 549300DP0UAL3FIOBB50

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1929316142.44

**Total Liabilities:** $41079151.76

**Net Assets:** $1888236990.68

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000197609 | 4.71%                | -7.08%               | 6.88%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $9911226.80              | $76951020.34                               |
| Month 2  | $14733229.19             | $-157620132.43                             |
| Month 3  | $20755404.43             | $99701000.29                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Exxon Mobil Corp.                | Exxon Mobil Corp.                | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    442431 | NS      | $51326420.31  | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                    | Alphabet Inc., Class A           | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    641598 | NS      | $63415546.32  | 3.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc.                     | Walmart Inc.                     | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |    151472 | NS      | $21792276.64  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                     | NVIDIA Corp.                     | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    267533 | NS      | $52267922.21  | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                 | Amazon.com, Inc.                 | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    953355 | NS      | $98319501.15  | 5.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co.         | Bristol-Myers Squibb Co.         | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |    228188 | NS      | $16577858.20  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly and Co.                | Eli Lilly and Co.                | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     84720 | NS      | $29156388.00  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp.                    | Danaher Corp.                    | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     70313 | NS      | $18589350.94  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                    | Alphabet Inc., Class C           | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    568807 | NS      | $56806755.09  | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp.                      | Intel Corp.                      | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |    442937 | NS      | $12517399.62  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                       | Apple Inc.                       | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |   1606408 | NS      | $231788610.32 | 12.28%            |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                | Johnson & Johnson                | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |    280895 | NS      | $45903860.90  | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc.                | Merck & Co., Inc.                | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    272343 | NS      | $29252361.63  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc.                  | Mastercard Inc., Class A         | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     91183 | NS      | $33792419.80  | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc.                        | AT&T Inc.                        | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |    764917 | NS      | $15581359.29  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc.                      | Pfizer Inc.                      | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    602980 | NS      | $26627596.80  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla, Inc.                      | Tesla, Inc.                      | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |    288356 | NS      | $49949026.32  | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot, Inc. (The)           | Home Depot, Inc. (The)           | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |    109969 | NS      | $35648650.73  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc.                       | Adobe Inc.                       | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     49895 | NS      | $18478114.30  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO PRIVATE GOVERNMENT FUND  | INVESCO PRIVATE GOVERNMENT FUND  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |  11411663 | NS      | $11411662.59  | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Linde PLC                        | Linde PLC                        | CUSIP: G5494J103<br>LEI: 8945002PAZHZLBGKGF02 | Long             | EC               | CORP              | IE        |     53057 | NS      | $17558683.58  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc.                    | Broadcom Inc.                    | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     43501 | NS      | $25448520.01  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories              | Abbott Laboratories              | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |    187142 | NS      | $20688548.10  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms, Inc.             | Meta Platforms, Inc., Class A    | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    241527 | NS      | $35980277.19  | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                    | Medtronic PLC                    | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |    142650 | NS      | $11938378.50  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp.           | Costco Wholesale Corp.           | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |     47509 | NS      | $24283750.26  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc. | Philip Morris International Inc. | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    166376 | NS      | $17343034.24  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp.                    | Comcast Corp., Class A           | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    463013 | NS      | $18219561.55  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co.                | Wells Fargo & Co.                | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |    408965 | NS      | $19168189.55  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.              | Cisco Systems, Inc.              | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    440693 | NS      | $21448528.31  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo, Inc.                    | PepsiCo, Inc.                    | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |    147981 | NS      | $25307710.62  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.             | JPMorgan Chase & Co.             | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    315057 | NS      | $44095377.72  | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.          | Berkshire Hathaway Inc., Class B | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |    193532 | NS      | $60289088.64  | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices, Inc.     | Advanced Micro Devices, Inc.     | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |    173059 | NS      | $13005383.85  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO PRIVATE PRIME FUND       | INVESCO PRIVATE PRIME FUND       | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |  29346935 | NS      | $29355738.68  | 1.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Chevron Corp.                    | Chevron Corp.                    | CUSIP: 166764100<br>LEI: LJOF0JWZSCIUPEC3LQ45 | Long             | EC               | CORP              | US        |    191070 | NS      | $33250001.40  | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co. (The)              | Coca-Cola Co. (The)              | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |    418044 | NS      | $25634458.08  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co. (The)       | Procter & Gamble Co. (The)       | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |    254567 | NS      | $36245249.46  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.      | Verizon Communications Inc.      | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |    450758 | NS      | $18738010.06  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co. (The)            | Walt Disney Co. (The)            | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |    195654 | NS      | $21226502.46  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                  | Microsoft Corp.                  | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    800787 | NS      | $198443026.47 | 10.51%            |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.            | Bank of America Corp.            | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    749678 | NS      | $26598575.44  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE, Inc.                       | NIKE, Inc., Class B              | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |    135204 | NS      | $17215525.32  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc.                      | AbbVie Inc.                      | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |    189957 | NS      | $28066146.75  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp.              | Union Pacific Corp.              | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     65987 | NS      | $13473885.53  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc.          | UnitedHealth Group Inc.          | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |    100372 | NS      | $50104698.68  | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc.    | Thermo Fisher Scientific Inc.    | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |     42121 | NS      | $24022869.93  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc.                        | Visa Inc., Class A               | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |    175642 | NS      | $40434544.82  | 2.14%             |  |  |  | No            |                  1 | On Loan: —       |
| McDonald's Corp.                 | McDonald's Corp.                 | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |     78603 | NS      | $21018442.20  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                    | Accenture PLC, Class A           | CUSIP: G1151C101<br>LEI: 549300JY6CF6DO4YFQ03 | Long             | EC               | CORP              | IE        |     67615 | NS      | $18867965.75  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Qualcomm Inc.                    | Qualcomm Inc.                    | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |    120312 | NS      | $16026761.52  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc.           | Texas Instruments Inc.           | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     97412 | NS      | $17262380.52  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce, Inc.                 | Salesforce, Inc.                 | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |    107318 | NS      | $18026204.46  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** Sheri Morris

**Name of Signer:** Sheri Morris

**Title:** Vice President