# EDGAR Filing Document

**Accession Number:** 0001209466
**File Stem:** 0001209466-26-000452
**Filing Date:** 2026-3
**Character Count:** 209009
**Document Hash:** 248cc09c5e5bc7151440f1886d86c211
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001209466-26-000452.hdr.sgml**: 20260330

**ACCESSION NUMBER**: 0001209466-26-000452

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260330

**DATE AS OF CHANGE**: 20260330

**PERIOD START**: 20260430

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21265
- **FILM NUMBER:** 26811088

**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 Value with Momentum ETF (Series ID: S000032769)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000101128 | Invesco S&P 500 Value with Momentum ETF | SPVM            |

## Nport-Ex

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

**Invesco Large Cap Growth ETF (PWB)**

January 31, 2026

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-100.01%** | **Common Stocks & Other Equity Interests-100.01%** | **Common Stocks & Other Equity Interests-100.01%** |
| **Communication Services-9.14%** | **Communication Services-9.14%** | **Communication Services-9.14%** |
| Alphabet, Inc., Class A | 146076 | &nbsp;&nbsp; $49373688 |
| Meta Platforms, Inc., Class A | 75807 | &nbsp;&nbsp; 54315715 |
| Spotify Technology S.A. (Sweden)<sup>(b)</sup> | 34045 | &nbsp;&nbsp; 17034416 |
| Take-Two Interactive Software, Inc.<sup>(b)</sup> | 83300 | &nbsp;&nbsp; 18350990 |
|  |  | &nbsp;&nbsp; 139074809 |
| **Consumer Discretionary-7.27%** | **Consumer Discretionary-7.27%** | **Consumer Discretionary-7.27%** |
| Amazon.com, Inc.<sup>(b)</sup> | 205370 | &nbsp;&nbsp; 49145041 |
| Hilton Worldwide Holdings, Inc. | 72599 | &nbsp;&nbsp; 21671528 |
| O'Reilly Automotive, Inc.<sup>(b)</sup> | 201169 | &nbsp;&nbsp; 19797041 |
| TJX Cos., Inc. (The) | 133793 | &nbsp;&nbsp; 20043529 |
|  |  | &nbsp;&nbsp; 110657139 |
| **Consumer Staples-8.18%** | **Consumer Staples-8.18%** | **Consumer Staples-8.18%** |
| Costco Wholesale Corp. | 52439 | &nbsp;&nbsp; 49305770 |
| Monster Beverage Corp.<sup>(b)</sup> | 272124 | &nbsp;&nbsp; 21976734 |
| Walmart, Inc. | 446639 | &nbsp;&nbsp; 53212571 |
|  |  | &nbsp;&nbsp; 124495075 |
| **Financials-10.12%** | **Financials-10.12%** | **Financials-10.12%** |
| Charles Schwab Corp. (The) | 220022 | &nbsp;&nbsp; 22864686 |
| Mastercard, Inc., Class A | 86399 | &nbsp;&nbsp; 46550917 |
| Nasdaq, Inc. | 225176 | &nbsp;&nbsp; 21817303 |
| Robinhood Markets, Inc., Class A<sup>(b)</sup> | 173423 | &nbsp;&nbsp; 17252120 |
| Visa, Inc., Class A | 141105 | &nbsp;&nbsp; 45411822 |
|  |  | &nbsp;&nbsp; 153896848 |
| **Health Care-4.58%** | **Health Care-4.58%** | **Health Care-4.58%** |
| Alnylam Pharmaceuticals, Inc.<sup>(b)</sup> | 45859 | &nbsp;&nbsp; 15503093 |
| IDEXX Laboratories, Inc.<sup>(b)</sup> | 26632 | &nbsp;&nbsp; 17855691 |
| McKesson Corp. | 22885 | &nbsp;&nbsp; 19022241 |
| Veeva Systems, Inc., Class A<sup>(b)(c)</sup> | 84466 | &nbsp;&nbsp; 17224307 |
|  |  | &nbsp;&nbsp; 69605332 |
| **Industrials-11.69%** | **Industrials-11.69%** | **Industrials-11.69%** |
| Fastenal Co. | 503046 | &nbsp;&nbsp; 21812075 |
| Ferguson Enterprises, Inc. | 82741 | &nbsp;&nbsp; 20888793 |
| General Electric Co. | 158175 | &nbsp;&nbsp; 48526508 |
| Howmet Aerospace, Inc. | 99733 | &nbsp;&nbsp; 20752443 |
| Johnson Controls International PLC | 174417 | &nbsp;&nbsp; 20800971 |
| RTX Corp. | 114977 | &nbsp;&nbsp; 23102329 |
| Vertiv Holdings Co., Class A | 118064 | &nbsp;&nbsp; 21981155 |
|  |  | &nbsp;&nbsp; 177864274 |
| **Information Technology-47.06%** | **Information Technology-47.06%** | **Information Technology-47.06%** |
| Advanced Micro Devices, Inc.<sup>(b)</sup> | 216270 | &nbsp;&nbsp; 51197597 |
| Amphenol Corp., Class A | 144483 | &nbsp;&nbsp; 20817111 |
| Apple, Inc. | 168358 | &nbsp;&nbsp; 43685534 |
| AppLovin Corp., Class A<sup>(b)</sup> | 35642 | &nbsp;&nbsp; 16862587 |
| Arista Networks, Inc.<sup>(b)</sup> | 163025 | &nbsp;&nbsp; 23107163 |
| Broadcom, Inc. | 123165 | &nbsp;&nbsp; 40804564 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Information Technology-(continued)** | **Information Technology-(continued)** | **Information Technology-(continued)** |
| Cloudflare, Inc., Class A<sup>(b)</sup> | 102648 | &nbsp;&nbsp; $18204623 |
| CoreWeave, Inc., Class A<sup>(b)(c)</sup> | 270583 | &nbsp;&nbsp; 25215630 |
| Corning, Inc. | 241229 | &nbsp;&nbsp; 24906894 |
| Fortinet, Inc.<sup>(b)</sup> | 249670 | &nbsp;&nbsp; 20288184 |
| Intel Corp.<sup>(b)</sup> | 557225 | &nbsp;&nbsp; 25894246 |
| KLA Corp. | 17522 | &nbsp;&nbsp; 25020365 |
| Lam Research Corp. | 132560 | &nbsp;&nbsp; 30947458 |
| Micron Technology, Inc. | 207527 | &nbsp;&nbsp; 86098802 |
| Microsoft Corp. | 98035 | &nbsp;&nbsp; 42183480 |
| Monolithic Power Systems, Inc. | 22310 | &nbsp;&nbsp; 25079786 |
| NVIDIA Corp. | 254552 | &nbsp;&nbsp; 48652524 |
| Palantir Technologies, Inc., Class A<sup>(b)</sup> | 286400 | &nbsp;&nbsp; 41983376 |
| Seagate Technology Holdings PLC | 78597 | &nbsp;&nbsp; 32043211 |
| TE Connectivity PLC (Switzerland) | 90439 | &nbsp;&nbsp; 20148000 |
| Ubiquiti, Inc.<sup>(c)</sup> | 35803 | &nbsp;&nbsp; 19742490 |
| Western Digital Corp. | 131951 | &nbsp;&nbsp; 33018099 |
|  |  | &nbsp;&nbsp; 715901724 |
| **Materials-1.97%** | **Materials-1.97%** | **Materials-1.97%** |
| Southern Copper Corp. (Mexico) | 157051 | &nbsp;&nbsp; 29889946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $1,183,119,588) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $1,183,119,588) | &nbsp;&nbsp; 1521385147 |
| **Money Market Funds-0.03%** | **Money Market Funds-0.03%** | **Money Market Funds-0.03%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 3.61%<sup>(d)(e)</sup> <br>(Cost $541,860)<br>| 541860 | &nbsp;&nbsp; 541860 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.04% <br>(Cost $1,183,661,448) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.04% <br>(Cost $1,183,661,448) | &nbsp;&nbsp; 1521927007 |
| **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** |
| **Money Market Funds-3.21%** | **Money Market Funds-3.21%** | **Money Market Funds-3.21%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 3.65%<sup>(d)(e)(f)</sup><br>| 22296743 | &nbsp;&nbsp; 22296743 |
| Invesco Private Prime Fund, 3.80%<sup>(d)(e)(f)</sup> | 26535396 | &nbsp;&nbsp; 26543357 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $48,840,100) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $48,840,100) | &nbsp;&nbsp; 48840100 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-103.25% <br>(Cost $1,232,501,548) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-103.25% <br>(Cost $1,232,501,548) | &nbsp;&nbsp; 1570767107 |
| OTHER ASSETS LESS LIABILITIES-(3.25)% | OTHER ASSETS LESS LIABILITIES-(3.25)% | &nbsp;&nbsp; (49469386)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $1521297721 |

---

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

---

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

---

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

------

**Invesco Large Cap Growth ETF (PWB)—(continued)**

January 31, 2026

*(Unaudited)*

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**April 30, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Value** <br>**January 31, 2026**<br>| **Dividend Income** |
| **Investments in Affiliated** <br> **Money Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & <br> Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; $582888 | &nbsp;&nbsp;&nbsp; $6534486 | &nbsp;&nbsp;&nbsp; $(6575514)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $541860 | &nbsp;&nbsp;&nbsp; $32177 |
| **Investments Purchased** <br> **with Cash Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; 9023694 | &nbsp;&nbsp;&nbsp; 201317557 | &nbsp;&nbsp;&nbsp; (188044508)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 22296743 | &nbsp;&nbsp;&nbsp; 119,266<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp; 23483510 | &nbsp;&nbsp;&nbsp; 427383784 | &nbsp;&nbsp;&nbsp; (424321182)<br>| &nbsp;&nbsp;&nbsp; 120 | &nbsp;&nbsp;&nbsp; (2875)<br>| &nbsp;&nbsp;&nbsp; 26543357 | &nbsp;&nbsp;&nbsp; 328,206<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $33090092 | &nbsp;&nbsp;&nbsp; $635235827 | &nbsp;&nbsp;&nbsp; $(618941204)<br>| &nbsp;&nbsp;&nbsp; $120 | &nbsp;&nbsp;&nbsp; $(2875)<br>| &nbsp;&nbsp;&nbsp; $49381960 | &nbsp;&nbsp;&nbsp; $479649 |

---

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

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

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

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

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

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

------

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

**Invesco Large Cap Value ETF (PWV)**

January 31, 2026

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-99.92%** | **Common Stocks & Other Equity Interests-99.92%** | **Common Stocks & Other Equity Interests-99.92%** |
| **Communication Services-9.45%** | **Communication Services-9.45%** | **Communication Services-9.45%** |
| AT&T, Inc. | 704823 | &nbsp;&nbsp; $18473411 |
| T-Mobile US, Inc. | 203207 | &nbsp;&nbsp; 40074453 |
| Verizon Communications, Inc. | 449075 | &nbsp;&nbsp; 19992819 |
| Walt Disney Co. (The) | 413323 | &nbsp;&nbsp; 46622834 |
|  |  | &nbsp;&nbsp; 125163517 |
| **Consumer Discretionary-6.36%** | **Consumer Discretionary-6.36%** | **Consumer Discretionary-6.36%** |
| Ford Motor Co. | 1393325 | &nbsp;&nbsp; 19339351 |
| General Motors Co. | 254339 | &nbsp;&nbsp; 21364476 |
| McDonald's Corp. | 138185 | &nbsp;&nbsp; 43528275 |
|  |  | &nbsp;&nbsp; 84232102 |
| **Consumer Staples-2.81%** | **Consumer Staples-2.81%** | **Consumer Staples-2.81%** |
| Altria Group, Inc. | 314973 | &nbsp;&nbsp; 19525176 |
| Kroger Co. (The) | 280875 | &nbsp;&nbsp; 17652994 |
|  |  | &nbsp;&nbsp; 37178170 |
| **Energy-16.18%** | **Energy-16.18%** | **Energy-16.18%** |
| Baker Hughes Co., Class A | 365830 | &nbsp;&nbsp; 20501113 |
| Cheniere Energy, Inc. | 88273 | &nbsp;&nbsp; 18671505 |
| Chevron Corp. | 281371 | &nbsp;&nbsp; 49774530 |
| EOG Resources, Inc. | 169418 | &nbsp;&nbsp; 18996840 |
| Exxon Mobil Corp. | 363317 | &nbsp;&nbsp; 51373024 |
| Marathon Petroleum Corp. | 94947 | &nbsp;&nbsp; 16728712 |
| Phillips 66 | 135562 | &nbsp;&nbsp; 19461281 |
| Valero Energy Corp. | 103567 | &nbsp;&nbsp; 18790161 |
|  |  | &nbsp;&nbsp; 214297166 |
| **Financials-28.47%** | **Financials-28.47%** | **Financials-28.47%** |
| Aflac, Inc. | 163602 | &nbsp;&nbsp; 18151642 |
| Allstate Corp. (The) | 85028 | &nbsp;&nbsp; 16919722 |
| American International Group, Inc. | 240411 | &nbsp;&nbsp; 18001975 |
| Ameriprise Financial, Inc. | 40484 | &nbsp;&nbsp; 21342760 |
| Bank of America Corp. | 811370 | &nbsp;&nbsp; 43164884 |
| Bank of New York Mellon Corp. (The) | 167087 | &nbsp;&nbsp; 20037073 |
| Berkshire Hathaway, Inc., Class B<sup>(b)</sup> | 82972 | &nbsp;&nbsp; 39870535 |
| Chubb Ltd. | 61052 | &nbsp;&nbsp; 18899257 |
| CME Group, Inc., Class A | 65504 | &nbsp;&nbsp; 18934586 |
| JPMorgan Chase & Co. | 141384 | &nbsp;&nbsp; 43247952 |
| MetLife, Inc. | 240159 | &nbsp;&nbsp; 18943742 |
| PayPal Holdings, Inc. | 298174 | &nbsp;&nbsp; 15710788 |
| Travelers Cos., Inc. (The) | 62083 | &nbsp;&nbsp; 17663234 |
| U.S. Bancorp | 378171 | &nbsp;&nbsp; 21219175 |
| Wells Fargo & Co. | 497679 | &nbsp;&nbsp; 45034973 |
|  |  | &nbsp;&nbsp; 377142298 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Health Care-13.52%** | **Health Care-13.52%** | **Health Care-13.52%** |
| Cencora, Inc. | 48509 | &nbsp;&nbsp; $17425403 |
| Cigna Group (The) | 66508 | &nbsp;&nbsp; 18230508 |
| CVS Health Corp. | 231803 | &nbsp;&nbsp; 17273959 |
| Gilead Sciences, Inc. | 144156 | &nbsp;&nbsp; 20462944 |
| Johnson & Johnson | 204488 | &nbsp;&nbsp; 46469898 |
| Regeneron Pharmaceuticals, Inc. | 23707 | &nbsp;&nbsp; 17577555 |
| Thermo Fisher Scientific, Inc. | 71888 | &nbsp;&nbsp; 41595116 |
|  |  | &nbsp;&nbsp; 179035383 |
| **Industrials-7.59%** | **Industrials-7.59%** | **Industrials-7.59%** |
| 3M Co. | 106493 | &nbsp;&nbsp; 16310468 |
| Honeywell International, Inc. | 95723 | &nbsp;&nbsp; 21778897 |
| Northrop Grumman Corp. | 31938 | &nbsp;&nbsp; 22109400 |
| Uber Technologies, Inc.<sup>(b)</sup> | 503449 | &nbsp;&nbsp; 40301092 |
|  |  | &nbsp;&nbsp; 100499857 |
| **Information Technology-6.19%** | **Information Technology-6.19%** | **Information Technology-6.19%** |
| Cisco Systems, Inc. | 552656 | &nbsp;&nbsp; 43284018 |
| QUALCOMM, Inc. | 255261 | &nbsp;&nbsp; 38695015 |
|  |  | &nbsp;&nbsp; 81979033 |
| **Materials-5.34%** | **Materials-5.34%** | **Materials-5.34%** |
| Linde PLC | 103349 | &nbsp;&nbsp; 47227392 |
| Newmont Corp. | 208685 | &nbsp;&nbsp; 23445760 |
|  |  | &nbsp;&nbsp; 70673152 |
| **Utilities-4.01%** | **Utilities-4.01%** | **Utilities-4.01%** |
| American Electric Power Co., Inc. | 147972 | &nbsp;&nbsp; 17723346 |
| Duke Energy Corp. | 147911 | &nbsp;&nbsp; 17949000 |
| Exelon Corp. | 390603 | &nbsp;&nbsp; 17491203 |
|  |  | &nbsp;&nbsp; 53163549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $1,168,580,410) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $1,168,580,410) | &nbsp;&nbsp; 1323364227 |
| **Money Market Funds-0.08%** | **Money Market Funds-0.08%** | **Money Market Funds-0.08%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 3.61%<sup>(c)(d)</sup> <br>(Cost $1,066,008)<br>| 1066008 | &nbsp;&nbsp; 1066008 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-100.00% <br>(Cost $1,169,646,418) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-100.00% <br>(Cost $1,169,646,418) | &nbsp;&nbsp; 1324430235 |
| OTHER ASSETS LESS LIABILITIES-0.00% | OTHER ASSETS LESS LIABILITIES-0.00% | &nbsp;&nbsp; 27393 |
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $1324457628 |

---

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

---

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

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**April 30, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain**<br>| **Value** <br>**January 31, 2026**<br>| **Dividend Income** |
| **Investments in Affiliated** <br> **Money Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & <br> Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; $785842 | &nbsp;&nbsp;&nbsp; $28709117 | &nbsp;&nbsp;&nbsp; $(28428951)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $1066008 | &nbsp;&nbsp;&nbsp; $25699 |

---

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

------

**Invesco Large Cap Value ETF (PWV)—(continued)**

January 31, 2026

*(Unaudited)*

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value**<br> **April 30, 2025**<br>| **Purchases**<br> **at Cost**<br>| **Proceeds**<br> **from Sales**<br>| **Change in**<br> **Unrealized**<br> **Appreciation**<br>| **Realized**<br> **Gain**<br>| **Value**<br> **January 31, 2026**<br>| **Dividend Income** |
| **Investments Purchased** <br> **with Cash Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; $12347453 | &nbsp;&nbsp;&nbsp; $123876740 | &nbsp;&nbsp;&nbsp; $(136224193)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $83,311<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp; 32179394 | &nbsp;&nbsp;&nbsp; 204522433 | &nbsp;&nbsp;&nbsp; (236701959)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 132 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 211,559<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $45312689 | &nbsp;&nbsp;&nbsp; $357108290 | &nbsp;&nbsp;&nbsp; $(401355103)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $132 | &nbsp;&nbsp;&nbsp; $1066008 | &nbsp;&nbsp;&nbsp; $320569 |

---

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

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

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

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

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

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

------

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

**Invesco S&P 100 Equal Weight ETF (EQWL)**

January 31, 2026

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-99.87%** | **Common Stocks & Other Equity Interests-99.87%** | **Common Stocks & Other Equity Interests-99.87%** |
| **Communication Services-8.24%** | **Communication Services-8.24%** | **Communication Services-8.24%** |
| Alphabet, Inc., Class A | 37349 | &nbsp;&nbsp; $12623962 |
| Alphabet, Inc., Class C | 29841 | &nbsp;&nbsp; 10102074 |
| AT&T, Inc. | 884414 | &nbsp;&nbsp; 23180491 |
| Comcast Corp., Class A | 827239 | &nbsp;&nbsp; 24610360 |
| Meta Platforms, Inc., Class A | 33163 | &nbsp;&nbsp; 23761289 |
| Netflix, Inc.<sup>(b)</sup> | 232636 | &nbsp;&nbsp; 19422780 |
| T-Mobile US, Inc. | 110392 | &nbsp;&nbsp; 21770406 |
| Verizon Communications, Inc. | 540280 | &nbsp;&nbsp; 24053266 |
| Walt Disney Co. (The) | 198158 | &nbsp;&nbsp; 22352222 |
|  |  | &nbsp;&nbsp; 181876850 |
| **Consumer Discretionary-8.96%** | **Consumer Discretionary-8.96%** | **Consumer Discretionary-8.96%** |
| Amazon.com, Inc.<sup>(b)</sup> | 93074 | &nbsp;&nbsp; 22272608 |
| Booking Holdings, Inc. | 4062 | &nbsp;&nbsp; 20317474 |
| General Motors Co. | 266958 | &nbsp;&nbsp; 22424472 |
| Home Depot, Inc. (The) | 61474 | &nbsp;&nbsp; 23027546 |
| Lowe's Cos., Inc. | 87622 | &nbsp;&nbsp; 23400332 |
| McDonald's Corp. | 69464 | &nbsp;&nbsp; 21881160 |
| NIKE, Inc., Class B | 327831 | &nbsp;&nbsp; 20263234 |
| Starbucks Corp. | 257274 | &nbsp;&nbsp; 23656344 |
| Tesla, Inc.<sup>(b)</sup> | 47766 | &nbsp;&nbsp; 20558964 |
|  |  | &nbsp;&nbsp; 197802134 |
| **Consumer Staples-10.67%** | **Consumer Staples-10.67%** | **Consumer Staples-10.67%** |
| Altria Group, Inc. | 367527 | &nbsp;&nbsp; 22782999 |
| Coca-Cola Co. (The) | 307221 | &nbsp;&nbsp; 22983203 |
| Colgate-Palmolive Co. | 277419 | &nbsp;&nbsp; 25048161 |
| Costco Wholesale Corp. | 24615 | &nbsp;&nbsp; 23144254 |
| Mondelez International, Inc., Class A | 400273 | &nbsp;&nbsp; 23403962 |
| PepsiCo, Inc. | 144111 | &nbsp;&nbsp; 22139773 |
| Philip Morris International, Inc. | 144047 | &nbsp;&nbsp; 25847794 |
| Procter & Gamble Co. (The) | 154231 | &nbsp;&nbsp; 23407639 |
| Target Corp. | 227994 | &nbsp;&nbsp; 24046527 |
| Walmart, Inc. | 190558 | &nbsp;&nbsp; 22703080 |
|  |  | &nbsp;&nbsp; 235507392 |
| **Energy-3.35%** | **Energy-3.35%** | **Energy-3.35%** |
| Chevron Corp. | 142471 | &nbsp;&nbsp; 25203120 |
| ConocoPhillips | 222847 | &nbsp;&nbsp; 23227343 |
| Exxon Mobil Corp. | 180477 | &nbsp;&nbsp; 25519448 |
|  |  | &nbsp;&nbsp; 73949911 |
| **Financials-17.45%** | **Financials-17.45%** | **Financials-17.45%** |
| American Express Co. | 57389 | &nbsp;&nbsp; 20210684 |
| American International Group, Inc. | 265982 | &nbsp;&nbsp; 19916732 |
| Bank of America Corp. | 398842 | &nbsp;&nbsp; 21218395 |
| Bank of New York Mellon Corp. (The) | 182249 | &nbsp;&nbsp; 21855300 |
| Berkshire Hathaway, Inc., Class B<sup>(b)</sup> | 43976 | &nbsp;&nbsp; 21131787 |
| BlackRock, Inc. | 19922 | &nbsp;&nbsp; 22291523 |
| Capital One Financial Corp. | 90764 | &nbsp;&nbsp; 19870963 |
| Charles Schwab Corp. (The) | 225121 | &nbsp;&nbsp; 23394574 |
| Citigroup, Inc. | 194148 | &nbsp;&nbsp; 22464865 |
| Goldman Sachs Group, Inc. (The) | 24230 | &nbsp;&nbsp; 22664984 |
| JPMorgan Chase & Co. | 69552 | &nbsp;&nbsp; 21275261 |
| Mastercard, Inc., Class A | 40041 | &nbsp;&nbsp; 21573691 |
| MetLife, Inc. | 270258 | &nbsp;&nbsp; 21317951 |
| Morgan Stanley | 119994 | &nbsp;&nbsp; 21934903 |
| PayPal Holdings, Inc. | 352697 | &nbsp;&nbsp; 18583605 |
| U.S. Bancorp | 402702 | &nbsp;&nbsp; 22595609 |
| Visa, Inc., Class A | 66198 | &nbsp;&nbsp; 21304503 |
| Wells Fargo & Co. | 237837 | &nbsp;&nbsp; 21521870 |
|  |  | &nbsp;&nbsp; 385127200 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Health Care-14.87%** | **Health Care-14.87%** | **Health Care-14.87%** |
| Abbott Laboratories | 175983 | &nbsp;&nbsp; $19234942 |
| AbbVie, Inc. | 95749 | &nbsp;&nbsp; 21352984 |
| Amgen, Inc. | 68350 | &nbsp;&nbsp; 23367498 |
| Bristol-Myers Squibb Co. | 421171 | &nbsp;&nbsp; 23185464 |
| CVS Health Corp. | 273102 | &nbsp;&nbsp; 20351561 |
| Danaher Corp. | 93591 | &nbsp;&nbsp; 20486134 |
| Eli Lilly and Co. | 21715 | &nbsp;&nbsp; 22521712 |
| Gilead Sciences, Inc. | 177743 | &nbsp;&nbsp; 25230619 |
| Intuitive Surgical, Inc.<sup>(b)</sup> | 38788 | &nbsp;&nbsp; 19557685 |
| Johnson & Johnson | 104423 | &nbsp;&nbsp; 23730127 |
| Medtronic PLC | 214046 | &nbsp;&nbsp; 22038176 |
| Merck & Co., Inc. | 220977 | &nbsp;&nbsp; 24367134 |
| Pfizer, Inc. | 836638 | &nbsp;&nbsp; 22120709 |
| Thermo Fisher Scientific, Inc. | 37640 | &nbsp;&nbsp; 21778880 |
| UnitedHealth Group, Inc. | 65697 | &nbsp;&nbsp; 18850440 |
|  |  | &nbsp;&nbsp; 328174065 |
| **Industrials-14.96%** | **Industrials-14.96%** | **Industrials-14.96%** |
| 3M Co. | 130185 | &nbsp;&nbsp; 19939135 |
| Boeing Co. (The)<sup>(b)</sup> | 108506 | &nbsp;&nbsp; 25360022 |
| Caterpillar, Inc. | 35035 | &nbsp;&nbsp; 23030608 |
| Deere & Co. | 45985 | &nbsp;&nbsp; 24280080 |
| Emerson Electric Co. | 157424 | &nbsp;&nbsp; 23135031 |
| FedEx Corp. | 75815 | &nbsp;&nbsp; 24431384 |
| General Dynamics Corp. | 62977 | &nbsp;&nbsp; 22110595 |
| General Electric Co. | 76102 | &nbsp;&nbsp; 23347332 |
| Honeywell International, Inc. | 112264 | &nbsp;&nbsp; 25542305 |
| Lockheed Martin Corp. | 46073 | &nbsp;&nbsp; 29220418 |
| RTX Corp. | 123400 | &nbsp;&nbsp; 24794762 |
| Uber Technologies, Inc.<sup>(b)</sup> | 256281 | &nbsp;&nbsp; 20515294 |
| Union Pacific Corp. | 91598 | &nbsp;&nbsp; 21534690 |
| United Parcel Service, Inc., Class B | 216438 | &nbsp;&nbsp; 22990044 |
|  |  | &nbsp;&nbsp; 330231700 |
| **Information Technology-15.09%** | **Information Technology-15.09%** | **Information Technology-15.09%** |
| Accenture PLC, Class A | 79202 | &nbsp;&nbsp; 20880815 |
| Adobe, Inc.<sup>(b)</sup> | 62822 | &nbsp;&nbsp; 18422552 |
| Advanced Micro Devices, Inc.<sup>(b)</sup> | 97387 | &nbsp;&nbsp; 23054425 |
| Apple, Inc. | 77346 | &nbsp;&nbsp; 20069740 |
| Broadcom, Inc. | 52284 | &nbsp;&nbsp; 17321689 |
| Cisco Systems, Inc. | 268787 | &nbsp;&nbsp; 21051398 |
| Intel Corp.<sup>(b)</sup> | 528910 | &nbsp;&nbsp; 24578448 |
| International Business Machines Corp. | 69016 | &nbsp;&nbsp; 21167207 |
| Intuit, Inc. | 32583 | &nbsp;&nbsp; 16256310 |
| Microsoft Corp. | 45111 | &nbsp;&nbsp; 19410812 |
| NVIDIA Corp. | 117349 | &nbsp;&nbsp; 22428914 |
| Oracle Corp. | 96734 | &nbsp;&nbsp; 15920482 |
| Palantir Technologies, Inc., Class A<sup>(b)</sup> | 114814 | &nbsp;&nbsp; 16830584 |
| QUALCOMM, Inc. | 118409 | &nbsp;&nbsp; 17949620 |
| Salesforce, Inc. | 81681 | &nbsp;&nbsp; 17340060 |
| ServiceNow, Inc.<sup>(b)</sup> | 126343 | &nbsp;&nbsp; 14783394 |
| Texas Instruments, Inc. | 118740 | &nbsp;&nbsp; 25594407 |
|  |  | &nbsp;&nbsp; 333060857 |
| **Materials-1.14%** | **Materials-1.14%** | **Materials-1.14%** |
| Linde PLC | 54926 | &nbsp;&nbsp; 25099534 |
| **Real Estate-2.00%** | **Real Estate-2.00%** | **Real Estate-2.00%** |
| American Tower Corp. | 119614 | &nbsp;&nbsp; 21444398 |
| Simon Property Group, Inc. | 118752 | &nbsp;&nbsp; 22718445 |
|  |  | &nbsp;&nbsp; 44162843 |
| **Utilities-3.14%** | **Utilities-3.14%** | **Utilities-3.14%** |
| Duke Energy Corp. | 189160 | &nbsp;&nbsp; 22954566 |

---

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

------

**Invesco S&P 100 Equal Weight ETF (EQWL)—(continued)**

January 31, 2026

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Utilities-(continued)** | **Utilities-(continued)** | **Utilities-(continued)** |
| NextEra Energy, Inc. | 265397 | &nbsp;&nbsp; $23328396 |
| Southern Co. (The) | 256511 | &nbsp;&nbsp; 22908998 |
|  |  | &nbsp;&nbsp; 69191960 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $1,960,798,422) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $1,960,798,422) | &nbsp;&nbsp; 2204184446 |
| **Money Market Funds-0.01%** | **Money Market Funds-0.01%** | **Money Market Funds-0.01%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 3.61%<sup>(c)(d)</sup> <br>(Cost $169,797)<br>| 169797 | &nbsp;&nbsp; 169797 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-99.88% <br>(Cost $1,960,968,219) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-99.88% <br>(Cost $1,960,968,219) | &nbsp;&nbsp; 2204354243 |
| OTHER ASSETS LESS LIABILITIES-0.12% | OTHER ASSETS LESS LIABILITIES-0.12% | &nbsp;&nbsp; 2673403 |
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $2207027646 |

---

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

---

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

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**April 30, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain**<br>| **Value** <br>**January 31, 2026**<br>| **Dividend Income** |
| **Investments in Affiliated** <br> **Money Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & <br> Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; $660360 | &nbsp;&nbsp;&nbsp; $32210280 | &nbsp;&nbsp;&nbsp; $(32700843)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $169797 | &nbsp;&nbsp;&nbsp; $40119 |
| **Investments Purchased** <br> **with Cash Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; 9777174 | &nbsp;&nbsp;&nbsp; 150428601 | &nbsp;&nbsp;&nbsp; (160205775)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 109,840<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp; 25442638 | &nbsp;&nbsp;&nbsp; 321212746 | &nbsp;&nbsp;&nbsp; (346656151)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 767 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 295,472<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $35880172 | &nbsp;&nbsp;&nbsp; $503851627 | &nbsp;&nbsp;&nbsp; $(539562769)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $767 | &nbsp;&nbsp;&nbsp; $169797 | &nbsp;&nbsp;&nbsp; $445431 |

---

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

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

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

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

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

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

------

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

**Invesco S&P 500 GARP ETF (SPGP)**

January 31, 2026

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-99.97%** | **Common Stocks & Other Equity Interests-99.97%** | **Common Stocks & Other Equity Interests-99.97%** |
| **Communication Services-5.37%** | **Communication Services-5.37%** | **Communication Services-5.37%** |
| Alphabet, Inc., Class C | 72070 | &nbsp;&nbsp; $24397857 |
| Fox Corp., Class A<sup>(b)</sup> | 366275 | &nbsp;&nbsp; 26657495 |
| Meta Platforms, Inc., Class A | 39693 | &nbsp;&nbsp; 28440034 |
| Netflix, Inc.<sup>(c)</sup> | 235640 | &nbsp;&nbsp; 19673584 |
| Walt Disney Co. (The) | 266270 | &nbsp;&nbsp; 30035256 |
|  |  | &nbsp;&nbsp; 129204226 |
| **Consumer Discretionary-19.17%** | **Consumer Discretionary-19.17%** | **Consumer Discretionary-19.17%** |
| Airbnb, Inc., Class A<sup>(c)</sup> | 383490 | &nbsp;&nbsp; 49612101 |
| Carnival Corp.<sup>(c)</sup> | 1769721 | &nbsp;&nbsp; 53127025 |
| Chipotle Mexican Grill, Inc.<sup>(c)</sup> | 856952 | &nbsp;&nbsp; 33309724 |
| Darden Restaurants, Inc.<sup>(b)</sup> | 152169 | &nbsp;&nbsp; 30334890 |
| Deckers Outdoor Corp.<sup>(c)</sup> | 323446 | &nbsp;&nbsp; 38600046 |
| eBay, Inc. | 473168 | &nbsp;&nbsp; 43162385 |
| Expedia Group, Inc. | 162949 | &nbsp;&nbsp; 43155413 |
| lululemon athletica, Inc.<sup>(c)</sup> | 170925 | &nbsp;&nbsp; 29826413 |
| PulteGroup, Inc. | 221933 | &nbsp;&nbsp; 27761599 |
| Ralph Lauren Corp. | 76381 | &nbsp;&nbsp; 26993809 |
| Royal Caribbean Cruises Ltd. | 183666 | &nbsp;&nbsp; 59627167 |
| Ulta Beauty, Inc.<sup>(c)</sup> | 39642 | &nbsp;&nbsp; 25662645 |
|  |  | &nbsp;&nbsp; 461173217 |
| **Energy-5.68%** | **Energy-5.68%** | **Energy-5.68%** |
| Baker Hughes Co., Class A | 722610 | &nbsp;&nbsp; 40495064 |
| Halliburton Co. | 876967 | &nbsp;&nbsp; 29395934 |
| SLB Ltd. | 732794 | &nbsp;&nbsp; 35452574 |
| Texas Pacific Land Corp.<sup>(b)</sup> | 90004 | &nbsp;&nbsp; 31353793 |
|  |  | &nbsp;&nbsp; 136697365 |
| **Financials-25.62%** | **Financials-25.62%** | **Financials-25.62%** |
| American Express Co. | 83939 | &nbsp;&nbsp; 29560798 |
| Ameriprise Financial, Inc. | 46633 | &nbsp;&nbsp; 24584451 |
| Arch Capital Group Ltd.<sup>(c)</sup> | 403183 | &nbsp;&nbsp; 38721695 |
| Block, Inc., Class A<sup>(c)</sup> | 530529 | &nbsp;&nbsp; 32059867 |
| Chubb Ltd. | 73533 | &nbsp;&nbsp; 22762876 |
| Erie Indemnity Co., Class A<sup>(b)</sup> | 90581 | &nbsp;&nbsp; 25635329 |
| Fifth Third Bancorp<sup>(b)</sup> | 504081 | &nbsp;&nbsp; 25314948 |
| Fiserv, Inc.<sup>(c)</sup> | 417991 | &nbsp;&nbsp; 26638566 |
| Global Payments, Inc. | 281106 | &nbsp;&nbsp; 20166544 |
| Hartford Insurance Group, Inc. (The) | 169585 | &nbsp;&nbsp; 22904150 |
| Huntington Bancshares, Inc. | 1617903 | &nbsp;&nbsp; 28280944 |
| M&T Bank Corp. | 129214 | &nbsp;&nbsp; 28629946 |
| Mastercard, Inc., Class A | 49211 | &nbsp;&nbsp; 26514395 |
| Northern Trust Corp. | 311084 | &nbsp;&nbsp; 46485282 |
| PNC Financial Services Group, Inc. (The) | 141033 | &nbsp;&nbsp; 31492669 |
| Progressive Corp. (The) | 135187 | &nbsp;&nbsp; 28118896 |
| Raymond James Financial, Inc. | 140418 | &nbsp;&nbsp; 23289730 |
| Synchrony Financial | 492749 | &nbsp;&nbsp; 35788360 |
| Travelers Cos., Inc. (The) | 81487 | &nbsp;&nbsp; 23183866 |
| U.S. Bancorp | 499474 | &nbsp;&nbsp; 28025486 |
| Visa, Inc., Class A | 70058 | &nbsp;&nbsp; 22546766 |
| W.R. Berkley Corp.<sup>(b)</sup> | 375463 | &nbsp;&nbsp; 25749253 |
|  |  | &nbsp;&nbsp; 616454817 |
| **Health Care-5.35%** | **Health Care-5.35%** | **Health Care-5.35%** |
| Cigna Group (The) | 89723 | &nbsp;&nbsp; 24593972 |
| Eli Lilly and Co. | 28370 | &nbsp;&nbsp; 29423945 |
| Molina Healthcare, Inc.<sup>(c)</sup> | 156411 | &nbsp;&nbsp; 28089851 |
| ResMed, Inc. | 94912 | &nbsp;&nbsp; 24516719 |
| Universal Health Services, Inc., Class B | 110380 | &nbsp;&nbsp; 22215079 |
|  |  | &nbsp;&nbsp; 128839566 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Industrials-18.09%** | **Industrials-18.09%** | **Industrials-18.09%** |
| Caterpillar, Inc. | 38856 | &nbsp;&nbsp; $25542380 |
| Cummins, Inc. | 49119 | &nbsp;&nbsp; 28431060 |
| Delta Air Lines, Inc. | 791632 | &nbsp;&nbsp; 52160633 |
| EMCOR Group, Inc. | 55173 | &nbsp;&nbsp; 39764836 |
| Hubbell, Inc. | 52684 | &nbsp;&nbsp; 25706631 |
| PACCAR, Inc. | 222611 | &nbsp;&nbsp; 27361118 |
| Parker-Hannifin Corp. | 25778 | &nbsp;&nbsp; 24124084 |
| Paycom Software, Inc. | 219868 | &nbsp;&nbsp; 29627213 |
| Trane Technologies PLC | 64041 | &nbsp;&nbsp; 26934364 |
| Uber Technologies, Inc.<sup>(c)</sup> | 695908 | &nbsp;&nbsp; 55707435 |
| United Airlines Holdings, Inc.<sup>(c)</sup> | 429292 | &nbsp;&nbsp; 43925157 |
| United Rentals, Inc. | 38537 | &nbsp;&nbsp; 30138246 |
| W.W. Grainger, Inc. | 23936 | &nbsp;&nbsp; 25849444 |
|  |  | &nbsp;&nbsp; 435272601 |
| **Information Technology-18.34%** | **Information Technology-18.34%** | **Information Technology-18.34%** |
| Adobe, Inc.<sup>(c)</sup> | 84718 | &nbsp;&nbsp; 24843554 |
| AppLovin Corp., Class A<sup>(c)</sup> | 72637 | &nbsp;&nbsp; 34365291 |
| Arista Networks, Inc.<sup>(c)</sup> | 360529 | &nbsp;&nbsp; 51101380 |
| Autodesk, Inc.<sup>(c)</sup> | 85343 | &nbsp;&nbsp; 21580684 |
| First Solar, Inc.<sup>(c)</sup> | 104650 | &nbsp;&nbsp; 23600668 |
| Fortinet, Inc.<sup>(c)</sup> | 479122 | &nbsp;&nbsp; 38933454 |
| Gartner, Inc.<sup>(c)</sup> | 104258 | &nbsp;&nbsp; 21853519 |
| KLA Corp. | 18791 | &nbsp;&nbsp; 26832421 |
| Microsoft Corp. | 46023 | &nbsp;&nbsp; 19803237 |
| Monolithic Power Systems, Inc. | 46470 | &nbsp;&nbsp; 52239250 |
| NVIDIA Corp. | 325651 | &nbsp;&nbsp; 62241676 |
| PTC, Inc.<sup>(c)</sup> | 141582 | &nbsp;&nbsp; 22105198 |
| Super Micro Computer, Inc.<sup>(b)(c)</sup> | 1432975 | &nbsp;&nbsp; 41713902 |
|  |  | &nbsp;&nbsp; 441214234 |
| **Real Estate-2.35%** | **Real Estate-2.35%** | **Real Estate-2.35%** |
| Host Hotels & Resorts, Inc. | 3046893 | &nbsp;&nbsp; 56458927 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $2,261,057,617) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $2,261,057,617) | &nbsp;&nbsp; 2405314953 |
| **Money Market Funds-0.06%** | **Money Market Funds-0.06%** | **Money Market Funds-0.06%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 3.61%<sup>(d)(e)</sup> <br>(Cost $1,314,667)<br>| 1314667 | &nbsp;&nbsp; 1314667 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.03% <br>(Cost $2,262,372,284) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.03% <br>(Cost $2,262,372,284) | &nbsp;&nbsp; 2406629620 |
| **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** |
| **Money Market Funds-4.73%** | **Money Market Funds-4.73%** | **Money Market Funds-4.73%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 3.65%<sup>(d)(e)(f)</sup><br>| 31668928 | &nbsp;&nbsp; 31668928 |
| Invesco Private Prime Fund, 3.80%<sup>(d)(e)(f)</sup> | 82170753 | &nbsp;&nbsp; 82195404 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $113,864,332) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $113,864,332) | &nbsp;&nbsp; 113864332 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-104.76% <br>(Cost $2,376,236,616) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-104.76% <br>(Cost $2,376,236,616) | &nbsp;&nbsp; 2520493952 |
| OTHER ASSETS LESS LIABILITIES-(4.76)% | OTHER ASSETS LESS LIABILITIES-(4.76)% | &nbsp;&nbsp; (114507578)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $2405986374 |

---

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

------

**Invesco S&P 500 GARP ETF (SPGP)—(continued)**

January 31, 2026

*(Unaudited)*

---

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

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**April 30, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain**<br>| **Value** <br>**January 31, 2026**<br>| **Dividend Income** |
| **Investments in** <br> **Affiliated Money** <br> **Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & <br> Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; $371281 | &nbsp;&nbsp;&nbsp; $28686738 | &nbsp;&nbsp;&nbsp; $(27743352)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $1314667 | &nbsp;&nbsp;&nbsp; $65928 |
| **Investments** <br> **Purchased with Cash** <br> **Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; 26556829 | &nbsp;&nbsp;&nbsp; 462874726 | &nbsp;&nbsp;&nbsp; (457762627)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 31668928 | &nbsp;&nbsp;&nbsp; 880,675<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime <br> Fund<br>| &nbsp;&nbsp;&nbsp; 69169970 | &nbsp;&nbsp;&nbsp; 1067584502 | &nbsp;&nbsp;&nbsp; (1054573324)<br>| &nbsp;&nbsp;&nbsp; 2995 | &nbsp;&nbsp;&nbsp; 11261 | &nbsp;&nbsp;&nbsp; 82195404 | &nbsp;&nbsp;&nbsp; 2,409,931<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $96098080 | &nbsp;&nbsp;&nbsp; $1559145966 | &nbsp;&nbsp;&nbsp; $(1540079303)<br>| &nbsp;&nbsp;&nbsp; $2995 | &nbsp;&nbsp;&nbsp; $11261 | &nbsp;&nbsp;&nbsp; $115178999 | &nbsp;&nbsp;&nbsp; $3356534 |

---

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

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

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

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

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

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

------

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

**Invesco S&P 500 Value with Momentum ETF (SPVM)**

January 31, 2026

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-99.89%** | **Common Stocks & Other Equity Interests-99.89%** | **Common Stocks & Other Equity Interests-99.89%** |
| **Communication Services-7.07%** | **Communication Services-7.07%** | **Communication Services-7.07%** |
| AT&T, Inc. | 59789 | &nbsp;&nbsp; $1567070 |
| Fox Corp., Class A | 13250 | &nbsp;&nbsp; 964335 |
| News Corp., Class A | 32080 | &nbsp;&nbsp; 867122 |
| Paramount Skydance Corp.<sup>(b)</sup> | 80503 | &nbsp;&nbsp; 902439 |
| Verizon Communications, Inc. | 37891 | &nbsp;&nbsp; 1686907 |
| Walt Disney Co. (The) | 9624 | &nbsp;&nbsp; 1085587 |
| Warner Bros. Discovery, Inc.<sup>(c)</sup> | 22988 | &nbsp;&nbsp; 633090 |
|  |  | &nbsp;&nbsp; 7706550 |
| **Consumer Discretionary-6.97%** | **Consumer Discretionary-6.97%** | **Consumer Discretionary-6.97%** |
| Aptiv PLC<sup>(c)</sup> | 11423 | &nbsp;&nbsp; 865292 |
| Carnival Corp.<sup>(c)</sup> | 39447 | &nbsp;&nbsp; 1184199 |
| Ford Motor Co. | 167959 | &nbsp;&nbsp; 2331271 |
| General Motors Co. | 26406 | &nbsp;&nbsp; 2218104 |
| Genuine Parts Co. | 7178 | &nbsp;&nbsp; 997670 |
|  |  | &nbsp;&nbsp; 7596536 |
| **Consumer Staples-7.67%** | **Consumer Staples-7.67%** | **Consumer Staples-7.67%** |
| Archer-Daniels-Midland Co. | 30796 | &nbsp;&nbsp; 2072879 |
| Bunge Global S.A. | 24428 | &nbsp;&nbsp; 2781861 |
| Dollar General Corp. | 9407 | &nbsp;&nbsp; 1349246 |
| Dollar Tree, Inc.<sup>(c)</sup> | 5402 | &nbsp;&nbsp; 635221 |
| Kroger Co. (The) | 24127 | &nbsp;&nbsp; 1516382 |
|  |  | &nbsp;&nbsp; 8355589 |
| **Energy-7.75%** | **Energy-7.75%** | **Energy-7.75%** |
| Baker Hughes Co., Class A | 17346 | &nbsp;&nbsp; 972070 |
| Chevron Corp. | 6668 | &nbsp;&nbsp; 1179569 |
| EQT Corp. | 14317 | &nbsp;&nbsp; 826521 |
| Expand Energy Corp. | 6512 | &nbsp;&nbsp; 732014 |
| Kinder Morgan, Inc. | 27670 | &nbsp;&nbsp; 843658 |
| Marathon Petroleum Corp. | 6957 | &nbsp;&nbsp; 1225754 |
| Phillips 66 | 9577 | &nbsp;&nbsp; 1374874 |
| Valero Energy Corp. | 7084 | &nbsp;&nbsp; 1285250 |
|  |  | &nbsp;&nbsp; 8439710 |
| **Financials-37.04%** | **Financials-37.04%** | **Financials-37.04%** |
| Aflac, Inc. | 8628 | &nbsp;&nbsp; 957277 |
| Allstate Corp. (The) | 7666 | &nbsp;&nbsp; 1525457 |
| American International Group, Inc. | 18118 | &nbsp;&nbsp; 1356676 |
| Assurant, Inc. | 5587 | &nbsp;&nbsp; 1330432 |
| Bank of America Corp. | 19721 | &nbsp;&nbsp; 1049157 |
| Bank of New York Mellon Corp. (The) | 7188 | &nbsp;&nbsp; 861985 |
| Berkshire Hathaway, Inc., Class B<sup>(c)</sup> | 2006 | &nbsp;&nbsp; 963943 |
| Capital One Financial Corp. | 2952 | &nbsp;&nbsp; 646281 |
| Chubb Ltd. | 3997 | &nbsp;&nbsp; 1237311 |
| Cincinnati Financial Corp. | 7032 | &nbsp;&nbsp; 1131378 |
| Citigroup, Inc. | 12337 | &nbsp;&nbsp; 1427514 |
| Citizens Financial Group, Inc. | 22624 | &nbsp;&nbsp; 1424860 |
| Fifth Third Bancorp | 23524 | &nbsp;&nbsp; 1181375 |
| Franklin Resources, Inc. | 55484 | &nbsp;&nbsp; 1476984 |
| Globe Life, Inc. | 9539 | &nbsp;&nbsp; 1337559 |
| Goldman Sachs Group, Inc. (The) | 854 | &nbsp;&nbsp; 798840 |
| Hartford Insurance Group, Inc. (The) | 9330 | &nbsp;&nbsp; 1260110 |
| Huntington Bancshares, Inc. | 75778 | &nbsp;&nbsp; 1324599 |
| Invesco Ltd.<sup>(d)</sup> | 50823 | &nbsp;&nbsp; 1386960 |
| JPMorgan Chase & Co. | 2486 | &nbsp;&nbsp; 760443 |
| Loews Corp. | 12961 | &nbsp;&nbsp; 1368293 |
| MetLife, Inc. | 17536 | &nbsp;&nbsp; 1383240 |
| Morgan Stanley | 4012 | &nbsp;&nbsp; 733394 |
| Northern Trust Corp. | 6493 | &nbsp;&nbsp; 970249 |
| PNC Financial Services Group, Inc. (The) | 5724 | &nbsp;&nbsp; 1278169 |
| Raymond James Financial, Inc. | 5199 | &nbsp;&nbsp; 862306 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Financials-(continued)** | **Financials-(continued)** | **Financials-(continued)** |
| Regions Financial Corp. | 47793 | &nbsp;&nbsp; $1362100 |
| State Street Corp. | 9420 | &nbsp;&nbsp; 1232701 |
| Synchrony Financial | 15459 | &nbsp;&nbsp; 1122787 |
| Travelers Cos., Inc. (The) | 4357 | &nbsp;&nbsp; 1239610 |
| Truist Financial Corp. | 28602 | &nbsp;&nbsp; 1470715 |
| U.S. Bancorp | 24014 | &nbsp;&nbsp; 1347426 |
| W.R. Berkley Corp. | 11843 | &nbsp;&nbsp; 812193 |
| Wells Fargo & Co. | 11247 | &nbsp;&nbsp; 1017741 |
| Willis Towers Watson PLC | 2253 | &nbsp;&nbsp; 715260 |
|  |  | &nbsp;&nbsp; 40355325 |
| **Health Care-6.89%** | **Health Care-6.89%** | **Health Care-6.89%** |
| Cardinal Health, Inc. | 5403 | &nbsp;&nbsp; 1160997 |
| Cencora, Inc. | 3093 | &nbsp;&nbsp; 1111068 |
| CVS Health Corp. | 18696 | &nbsp;&nbsp; 1393226 |
| Labcorp Holdings, Inc. | 2764 | &nbsp;&nbsp; 750481 |
| McKesson Corp. | 1395 | &nbsp;&nbsp; 1159538 |
| Quest Diagnostics, Inc. | 3911 | &nbsp;&nbsp; 731474 |
| Universal Health Services, Inc., Class B | 5967 | &nbsp;&nbsp; 1200918 |
|  |  | &nbsp;&nbsp; 7507702 |
| **Industrials-6.21%** | **Industrials-6.21%** | **Industrials-6.21%** |
| General Dynamics Corp. | 1917 | &nbsp;&nbsp; 673039 |
| Huntington Ingalls Industries, Inc. | 2902 | &nbsp;&nbsp; 1220320 |
| Leidos Holdings, Inc. | 3926 | &nbsp;&nbsp; 739187 |
| Snap-on, Inc. | 1980 | &nbsp;&nbsp; 724898 |
| Southwest Airlines Co. | 22988 | &nbsp;&nbsp; 1092390 |
| Uber Technologies, Inc.<sup>(c)</sup> | 9394 | &nbsp;&nbsp; 751990 |
| United Airlines Holdings, Inc.<sup>(c)</sup> | 15260 | &nbsp;&nbsp; 1561403 |
|  |  | &nbsp;&nbsp; 6763227 |
| **Information Technology-2.91%** | **Information Technology-2.91%** | **Information Technology-2.91%** |
| Cognizant Technology Solutions Corp., Class A | 10037 | &nbsp;&nbsp; 823636 |
| Dell Technologies, Inc., Class C | 4785 | &nbsp;&nbsp; 547595 |
| Hewlett Packard Enterprise Co. | 51465 | &nbsp;&nbsp; 1107527 |
| Super Micro Computer, Inc.<sup>(b)(c)</sup> | 23677 | &nbsp;&nbsp; 689238 |
|  |  | &nbsp;&nbsp; 3167996 |
| **Materials-1.61%** | **Materials-1.61%** | **Materials-1.61%** |
| Newmont Corp. | 8224 | &nbsp;&nbsp; 923966 |
| Steel Dynamics, Inc. | 4619 | &nbsp;&nbsp; 829434 |
|  |  | &nbsp;&nbsp; 1753400 |
| **Real Estate-1.91%** | **Real Estate-1.91%** | **Real Estate-1.91%** |
| Realty Income Corp. | 11691 | &nbsp;&nbsp; 715022 |
| VICI Properties, Inc. | 48619 | &nbsp;&nbsp; 1365221 |
|  |  | &nbsp;&nbsp; 2080243 |
| **Utilities-13.86%** | **Utilities-13.86%** | **Utilities-13.86%** |
| Alliant Energy Corp. | 10118 | &nbsp;&nbsp; 666877 |
| Ameren Corp. | 7479 | &nbsp;&nbsp; 772431 |
| American Electric Power Co., Inc. | 6992 | &nbsp;&nbsp; 837467 |
| Atmos Energy Corp. | 3924 | &nbsp;&nbsp; 652718 |
| CenterPoint Energy, Inc. | 17628 | &nbsp;&nbsp; 699655 |
| CMS Energy Corp. | 9703 | &nbsp;&nbsp; 693668 |
| Consolidated Edison, Inc. | 10827 | &nbsp;&nbsp; 1154483 |
| Dominion Energy, Inc. | 13285 | &nbsp;&nbsp; 799358 |
| DTE Energy Co. | 6138 | &nbsp;&nbsp; 824824 |
| Duke Energy Corp. | 7190 | &nbsp;&nbsp; 872507 |
| Evergy, Inc. | 11330 | &nbsp;&nbsp; 869351 |
| Eversource Energy | 14958 | &nbsp;&nbsp; 1034047 |
| Exelon Corp. | 23226 | &nbsp;&nbsp; 1040060 |
| FirstEnergy Corp. | 18576 | &nbsp;&nbsp; 879388 |
| NiSource, Inc. | 16404 | &nbsp;&nbsp; 726533 |
| Pinnacle West Capital Corp. | 11721 | &nbsp;&nbsp; 1096617 |

---

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

------

**Invesco S&P 500 Value with Momentum ETF (SPVM)—(continued)**

January 31, 2026

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Utilities-(continued)** | **Utilities-(continued)** | **Utilities-(continued)** |
| PPL Corp. | 22252 | &nbsp;&nbsp; $806635 |
| Xcel Energy, Inc. | 8759 | &nbsp;&nbsp; 666210 |
|  |  | &nbsp;&nbsp; 15092829 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $94,410,855) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $94,410,855) | &nbsp;&nbsp; 108819107 |
| **Money Market Funds-0.13%** | **Money Market Funds-0.13%** | **Money Market Funds-0.13%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 3.61%<sup>(d)(e)</sup> <br>(Cost $142,971)<br>| 142971 | &nbsp;&nbsp; 142971 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.02% <br>(Cost $94,553,826) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.02% <br>(Cost $94,553,826) | &nbsp;&nbsp; 108962078 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** |
| **Money Market Funds-0.67%** | **Money Market Funds-0.67%** | **Money Market Funds-0.67%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 3.65%<sup>(d)(e)(f)</sup><br>| 203675 | &nbsp;&nbsp; $203675 |
| Invesco Private Prime Fund, 3.80%<sup>(d)(e)(f)</sup> | 528699 | &nbsp;&nbsp; 528858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $732,533) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $732,533) | &nbsp;&nbsp; 732533 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-100.69% <br>(Cost $95,286,359) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-100.69% <br>(Cost $95,286,359) | &nbsp;&nbsp; 109694611 |
| OTHER ASSETS LESS LIABILITIES-(0.69)% | OTHER ASSETS LESS LIABILITIES-(0.69)% | &nbsp;&nbsp; (756545)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $108938066 |

---

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

---

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

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**April 30, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Value** <br>**January 31, 2026**<br>| **Dividend Income** |
| &nbsp;&nbsp; Invesco Ltd. | &nbsp;&nbsp;&nbsp; $265673 | &nbsp;&nbsp;&nbsp; $1370744 | &nbsp;&nbsp;&nbsp; $(1123371)<br>| &nbsp;&nbsp;&nbsp; $604439 | &nbsp;&nbsp;&nbsp; $269475 | &nbsp;&nbsp;&nbsp; $1386960 | &nbsp;&nbsp;&nbsp; $34504 |
| **Investments in Affiliated** <br> **Money Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & <br> Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; 110016 | &nbsp;&nbsp;&nbsp; 1612351 | &nbsp;&nbsp;&nbsp; (1579396)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 142971 | &nbsp;&nbsp;&nbsp; 3281 |
| **Investments Purchased** <br> **with Cash Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private Government <br> Fund<br>| &nbsp;&nbsp;&nbsp; 1893177 | &nbsp;&nbsp;&nbsp; 23988440 | &nbsp;&nbsp;&nbsp; (25677942)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 203675 | &nbsp;&nbsp;&nbsp; 35,433<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp; 4930086 | &nbsp;&nbsp;&nbsp; 48795557 | &nbsp;&nbsp;&nbsp; (53196565)<br>| &nbsp;&nbsp;&nbsp; 129 | &nbsp;&nbsp;&nbsp; (349)<br>| &nbsp;&nbsp;&nbsp; 528858 | &nbsp;&nbsp;&nbsp; 97,089<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $7198952 | &nbsp;&nbsp;&nbsp; $75767092 | &nbsp;&nbsp;&nbsp; $(81577274)<br>| &nbsp;&nbsp;&nbsp; $604568 | &nbsp;&nbsp;&nbsp; $269126 | &nbsp;&nbsp;&nbsp; $2262464 | &nbsp;&nbsp;&nbsp; $170307 |

---

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

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

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

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

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

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

------

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

**Invesco S&P MidCap Momentum ETF (XMMO)**

January 31, 2026

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-99.96%** | **Common Stocks & Other Equity Interests-99.96%** | **Common Stocks & Other Equity Interests-99.96%** |
| **Consumer Discretionary-8.92%** | **Consumer Discretionary-8.92%** | **Consumer Discretionary-8.92%** |
| Aramark<sup>(b)</sup> | 1321865 | &nbsp;&nbsp; $50878584 |
| Boyd Gaming Corp.<sup>(b)</sup> | 398916 | &nbsp;&nbsp; 33724359 |
| Chewy, Inc., Class A<sup>(b)(c)</sup> | 1333732 | &nbsp;&nbsp; 38824938 |
| Duolingo, Inc.<sup>(b)(c)</sup> | 319317 | &nbsp;&nbsp; 42807637 |
| Five Below, Inc.<sup>(b)(c)</sup> | 373562 | &nbsp;&nbsp; 71589422 |
| Ollie's Bargain Outlet Holdings, Inc.<sup>(b)(c)</sup> | 318480 | &nbsp;&nbsp; 35131529 |
| Planet Fitness, Inc., Class A<sup>(b)(c)</sup> | 605339 | &nbsp;&nbsp; 55110063 |
| Somnigroup International, Inc. | 1289826 | &nbsp;&nbsp; 113311214 |
| Travel + Leisure Co.<sup>(b)</sup> | 348173 | &nbsp;&nbsp; 24211950 |
|  |  | &nbsp;&nbsp; 465589696 |
| **Consumer Staples-11.05%** | **Consumer Staples-11.05%** | **Consumer Staples-11.05%** |
| BJ's Wholesale Club Holdings, Inc.<sup>(b)(c)</sup> | 569063 | &nbsp;&nbsp; 52604184 |
| Casey's General Stores, Inc. | 224105 | &nbsp;&nbsp; 135919682 |
| Maplebear, Inc.<sup>(b)(c)</sup> | 944249 | &nbsp;&nbsp; 35088293 |
| Performance Food Group Co.<sup>(c)</sup> | 1201675 | &nbsp;&nbsp; 114699879 |
| Pilgrim's Pride Corp.<sup>(b)</sup> | 208636 | &nbsp;&nbsp; 9048543 |
| Sprouts Farmers Market, Inc.<sup>(b)(c)</sup> | 665688 | &nbsp;&nbsp; 47203936 |
| US Foods Holding Corp.<sup>(c)</sup> | 2178594 | &nbsp;&nbsp; 182174030 |
|  |  | &nbsp;&nbsp; 576738547 |
| **Energy-2.37%** | **Energy-2.37%** | **Energy-2.37%** |
| Antero Midstream Corp. | 2139140 | &nbsp;&nbsp; 40258615 |
| DT Midstream, Inc. | 663880 | &nbsp;&nbsp; 83662157 |
|  |  | &nbsp;&nbsp; 123920772 |
| **Financials-9.84%** | **Financials-9.84%** | **Financials-9.84%** |
| Federated Hermes, Inc., Class B<sup>(b)</sup> | 706602 | &nbsp;&nbsp; 37647755 |
| First Horizon Corp. | 2654937 | &nbsp;&nbsp; 65019407 |
| FirstCash Holdings, Inc. | 185658 | &nbsp;&nbsp; 31654689 |
| Hanover Insurance Group, Inc. (The) | 210227 | &nbsp;&nbsp; 36608930 |
| Houlihan Lokey, Inc.<sup>(b)</sup> | 289339 | &nbsp;&nbsp; 48701540 |
| Janus Henderson Group PLC | 513803 | &nbsp;&nbsp; 24729338 |
| Old Republic International Corp.<sup>(b)</sup> | 981314 | &nbsp;&nbsp; 38438069 |
| SEI Investments Co.<sup>(b)</sup> | 587235 | &nbsp;&nbsp; 51588595 |
| Shift4 Payments, Inc., Class A<sup>(b)(c)</sup> | 367908 | &nbsp;&nbsp; 21721288 |
| SLM Corp.<sup>(b)</sup> | 1277924 | &nbsp;&nbsp; 34695637 |
| Stifel Financial Corp. | 500354 | &nbsp;&nbsp; 61693648 |
| Unum Group | 802772 | &nbsp;&nbsp; 60986589 |
|  |  | &nbsp;&nbsp; 513485485 |
| **Health Care-6.05%** | **Health Care-6.05%** | **Health Care-6.05%** |
| Doximity, Inc., Class A<sup>(c)</sup> | 937698 | &nbsp;&nbsp; 35135544 |
| Encompass Health Corp. | 445570 | &nbsp;&nbsp; 42119732 |
| Exelixis, Inc.<sup>(b)(c)</sup> | 1622862 | &nbsp;&nbsp; 67121573 |
| Hims & Hers Health, Inc.<sup>(b)(c)</sup> | 1721959 | &nbsp;&nbsp; 46647869 |
| Masimo Corp.<sup>(b)(c)</sup> | 252600 | &nbsp;&nbsp; 34689558 |
| Penumbra, Inc.<sup>(c)</sup> | 250699 | &nbsp;&nbsp; 89792861 |
|  |  | &nbsp;&nbsp; 315507137 |
| **Industrials-29.06%** | **Industrials-29.06%** | **Industrials-29.06%** |
| Acuity, Inc. | 138082 | &nbsp;&nbsp; 42700478 |
| AECOM | 747865 | &nbsp;&nbsp; 72116622 |
| AeroVironment, Inc.<sup>(b)(c)</sup> | 156494 | &nbsp;&nbsp; 43566365 |
| Alaska Air Group, Inc.<sup>(b)(c)</sup> | 551610 | &nbsp;&nbsp; 28038336 |
| API Group Corp.<sup>(b)(c)</sup> | 2396284 | &nbsp;&nbsp; 99613526 |
| Applied Industrial Technologies, Inc. | 167987 | &nbsp;&nbsp; 43745495 |
| Avis Budget Group, Inc.<sup>(b)(c)</sup> | 91833 | &nbsp;&nbsp; 10559877 |
| BWX Technologies, Inc.<sup>(b)</sup> | 659998 | &nbsp;&nbsp; 135583389 |
| Carpenter Technology Corp.<sup>(b)</sup> | 356317 | &nbsp;&nbsp; 113248232 |
| Curtiss-Wright Corp. | 330259 | &nbsp;&nbsp; 216877783 |
| ESAB Corp.<sup>(b)</sup> | 294583 | &nbsp;&nbsp; 35674001 |
| ExlService Holdings, Inc.<sup>(b)(c)</sup> | 762964 | &nbsp;&nbsp; 29870040 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Industrials-(continued)** | **Industrials-(continued)** | **Industrials-(continued)** |
| Genpact Ltd.<sup>(b)</sup> | 791389 | &nbsp;&nbsp; $34900255 |
| MasTec, Inc.<sup>(b)(c)</sup> | 457552 | &nbsp;&nbsp; 110032105 |
| RB Global, Inc. (Canada) | 1288681 | &nbsp;&nbsp; 146355501 |
| RBC Bearings, Inc.<sup>(b)(c)</sup> | 189405 | &nbsp;&nbsp; 94639996 |
| Ryder System, Inc. | 207294 | &nbsp;&nbsp; 39651196 |
| Watts Water Technologies, Inc., Class A<sup>(b)</sup> | 143780 | &nbsp;&nbsp; 43034792 |
| Woodward, Inc.<sup>(b)</sup> | 555145 | &nbsp;&nbsp; 176447287 |
|  |  | &nbsp;&nbsp; 1516655276 |
| **Information Technology-18.82%** | **Information Technology-18.82%** | **Information Technology-18.82%** |
| Belden, Inc.<sup>(b)</sup> | 203204 | &nbsp;&nbsp; 23878502 |
| Ciena Corp.<sup>(c)</sup> | 954152 | &nbsp;&nbsp; 240265015 |
| Flex Ltd.<sup>(b)(c)</sup> | 2314503 | &nbsp;&nbsp; 145906269 |
| Guidewire Software, Inc.<sup>(b)(c)</sup> | 549689 | &nbsp;&nbsp; 77374223 |
| Kyndryl Holdings, Inc.<sup>(b)(c)</sup> | 1186877 | &nbsp;&nbsp; 27298171 |
| Lumentum Holdings, Inc.<sup>(b)(c)</sup> | 528864 | &nbsp;&nbsp; 207230070 |
| Pegasystems, Inc. | 584077 | &nbsp;&nbsp; 25518324 |
| TD SYNNEX Corp.<sup>(b)</sup> | 338064 | &nbsp;&nbsp; 53640615 |
| Twilio, Inc., Class A<sup>(b)(c)</sup> | 1505258 | &nbsp;&nbsp; 181323379 |
|  |  | &nbsp;&nbsp; 982434568 |
| **Materials-0.54%** | **Materials-0.54%** | **Materials-0.54%** |
| NewMarket Corp.<sup>(b)</sup> | 42106 | &nbsp;&nbsp; 28244284 |
| **Real Estate-3.95%** | **Real Estate-3.95%** | **Real Estate-3.95%** |
| EPR Properties | 514537 | &nbsp;&nbsp; 27908487 |
| Omega Healthcare Investors, Inc. | 1296424 | &nbsp;&nbsp; 56887085 |
| Sabra Health Care REIT, Inc.<sup>(b)</sup> | 1129651 | &nbsp;&nbsp; 21158363 |
| Vornado Realty Trust | 744238 | &nbsp;&nbsp; 23726308 |
| W.P. Carey, Inc.<sup>(b)</sup> | 1097404 | &nbsp;&nbsp; 76543929 |
|  |  | &nbsp;&nbsp; 206224172 |
| **Utilities-9.36%** | **Utilities-9.36%** | **Utilities-9.36%** |
| IDACORP, Inc.<sup>(b)</sup> | 426503 | &nbsp;&nbsp; 56635333 |
| National Fuel Gas Co.<sup>(b)</sup> | 893163 | &nbsp;&nbsp; 74802401 |
| OGE Energy Corp.<sup>(b)</sup> | 1227559 | &nbsp;&nbsp; 53619777 |
| Spire, Inc.<sup>(b)</sup> | 282093 | &nbsp;&nbsp; 23834038 |
| Talen Energy Corp.<sup>(c)</sup> | 451553 | &nbsp;&nbsp; 157303003 |
| TXNM Energy, Inc.<sup>(b)</sup> | 786887 | &nbsp;&nbsp; 46363382 |
| UGI Corp.<sup>(b)</sup> | 1888178 | &nbsp;&nbsp; 75734820 |
|  |  | &nbsp;&nbsp; 488292754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $4,810,790,665) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $4,810,790,665) | &nbsp;&nbsp; 5217092691 |
| **Money Market Funds-0.09%** | **Money Market Funds-0.09%** | **Money Market Funds-0.09%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 3.61%<sup>(d)(e)</sup> <br>(Cost $4,460,318)<br>| 4460318 | &nbsp;&nbsp; 4460318 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.05% <br>(Cost $4,815,250,983) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.05% <br>(Cost $4,815,250,983) | &nbsp;&nbsp; 5221553009 |
| **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** |
| **Money Market Funds-11.59%** | **Money Market Funds-11.59%** | **Money Market Funds-11.59%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 3.65%<sup>(d)(e)(f)</sup><br>| 168774801 | &nbsp;&nbsp; 168774801 |

---

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

------

**Invesco S&P MidCap Momentum ETF (XMMO)—(continued)**

January 31, 2026

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Money Market Funds-(continued)** | **Money Market Funds-(continued)** | **Money Market Funds-(continued)** |
| Invesco Private Prime Fund, 3.80%<sup>(d)(e)(f)</sup> | 436220543 | &nbsp;&nbsp; $436351409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $605,126,210) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $605,126,210) | &nbsp;&nbsp; 605126210 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-111.64% <br>(Cost $5,420,377,193) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-111.64% <br>(Cost $5,420,377,193) | &nbsp;&nbsp; 5826679219 |
| OTHER ASSETS LESS LIABILITIES-(11.64)% | OTHER ASSETS LESS LIABILITIES-(11.64)% | &nbsp;&nbsp; (607543489)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $5219135730 |

---

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

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

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

---

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

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**April 30, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain**<br>| **Value** <br>**January 31, 2026**<br>| **Dividend Income** |
| **Investments in** <br> **Affiliated Money** <br> **Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & <br> Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; $1485367 | &nbsp;&nbsp;&nbsp; $70666782 | &nbsp;&nbsp;&nbsp; $(67691831)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $4460318 | &nbsp;&nbsp;&nbsp; $95565 |
| **Investments** <br> **Purchased with Cash** <br> **Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; 60869742 | &nbsp;&nbsp;&nbsp; 838941212 | &nbsp;&nbsp;&nbsp; (731036153)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 168774801 | &nbsp;&nbsp;&nbsp; 2,465,367<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime <br> Fund<br>| &nbsp;&nbsp;&nbsp; 159962627 | &nbsp;&nbsp;&nbsp; 1911825718 | &nbsp;&nbsp;&nbsp; (1635449637)<br>| &nbsp;&nbsp;&nbsp; 6779 | &nbsp;&nbsp;&nbsp; 5922 | &nbsp;&nbsp;&nbsp; 436351409 | &nbsp;&nbsp;&nbsp; 6,689,058<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $222317736 | &nbsp;&nbsp;&nbsp; $2821433712 | &nbsp;&nbsp;&nbsp; $(2434177621)<br>| &nbsp;&nbsp;&nbsp; $6779 | &nbsp;&nbsp;&nbsp; $5922 | &nbsp;&nbsp;&nbsp; $609586528 | &nbsp;&nbsp;&nbsp; $9249990 |

---

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

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

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

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

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

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

------

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

**Invesco S&P MidCap Quality ETF (XMHQ)**

January 31, 2026

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-100.00%** | **Common Stocks & Other Equity Interests-100.00%** | **Common Stocks & Other Equity Interests-100.00%** |
| **Consumer Discretionary-11.54%** | **Consumer Discretionary-11.54%** | **Consumer Discretionary-11.54%** |
| Abercrombie & Fitch Co., Class A<sup>(b)</sup> | 309794 | &nbsp;&nbsp; $30245188 |
| Autoliv, Inc. (Sweden) | 530220 | &nbsp;&nbsp; 64283873 |
| Boyd Gaming Corp. | 690602 | &nbsp;&nbsp; 58383493 |
| Chewy, Inc., Class A<sup>(b)(c)</sup> | 2080929 | &nbsp;&nbsp; 60575843 |
| Columbia Sportswear Co.<sup>(c)</sup> | 187217 | &nbsp;&nbsp; 10349356 |
| Duolingo, Inc.<sup>(b)(c)</sup> | 240746 | &nbsp;&nbsp; 32274409 |
| GameStop Corp., Class A<sup>(b)(c)</sup> | 2636310 | &nbsp;&nbsp; 62955083 |
| Grand Canyon Education, Inc.<sup>(b)</sup> | 280309 | &nbsp;&nbsp; 48728916 |
| Texas Roadhouse, Inc. | 488807 | &nbsp;&nbsp; 87916827 |
| TopBuild Corp.<sup>(b)(c)</sup> | 174827 | &nbsp;&nbsp; 81827777 |
| Valvoline, Inc.<sup>(b)(c)</sup> | 975576 | &nbsp;&nbsp; 31920847 |
| Visteon Corp.<sup>(c)</sup> | 184429 | &nbsp;&nbsp; 16757219 |
| YETI Holdings, Inc.<sup>(b)(c)</sup> | 449015 | &nbsp;&nbsp; 20524476 |
|  |  | &nbsp;&nbsp; 606743307 |
| **Consumer Staples-3.04%** | **Consumer Staples-3.04%** | **Consumer Staples-3.04%** |
| Boston Beer Co., Inc. (The), Class A<sup>(b)</sup> | 53713 | &nbsp;&nbsp; 11474171 |
| Ingredion, Inc. | 499421 | &nbsp;&nbsp; 58981620 |
| Marzetti Co. (The) | 125813 | &nbsp;&nbsp; 21585736 |
| Pilgrim's Pride Corp.<sup>(c)</sup> | 382794 | &nbsp;&nbsp; 16601776 |
| Sprouts Farmers Market, Inc.<sup>(b)</sup> | 721149 | &nbsp;&nbsp; 51136676 |
|  |  | &nbsp;&nbsp; 159779979 |
| **Energy-5.16%** | **Energy-5.16%** | **Energy-5.16%** |
| Antero Midstream Corp. | 2059378 | &nbsp;&nbsp; 38757494 |
| TechnipFMC PLC (United Kingdom) | 3474209 | &nbsp;&nbsp; 193582926 |
| Weatherford International PLC | 412703 | &nbsp;&nbsp; 38827098 |
|  |  | &nbsp;&nbsp; 271167518 |
| **Financials-15.90%** | **Financials-15.90%** | **Financials-15.90%** |
| American Financial Group, Inc. | 449660 | &nbsp;&nbsp; 58577208 |
| Essent Group Ltd. | 585369 | &nbsp;&nbsp; 36831418 |
| Evercore, Inc., Class A | 297731 | &nbsp;&nbsp; 105179430 |
| Federated Hermes, Inc., Class B<sup>(c)</sup> | 640391 | &nbsp;&nbsp; 34120032 |
| First Financial Bankshares, Inc.<sup>(c)</sup> | 818283 | &nbsp;&nbsp; 26037765 |
| Hamilton Lane, Inc., Class A<sup>(c)</sup> | 333521 | &nbsp;&nbsp; 47106506 |
| Hanover Insurance Group, Inc. (The) | 245738 | &nbsp;&nbsp; 42792815 |
| Houlihan Lokey, Inc. | 391614 | &nbsp;&nbsp; 65916469 |
| Kinsale Capital Group, Inc.<sup>(c)</sup> | 195024 | &nbsp;&nbsp; 77206101 |
| MGIC Investment Corp. | 1420614 | &nbsp;&nbsp; 38242929 |
| Morningstar, Inc. | 175265 | &nbsp;&nbsp; 35419304 |
| Primerica, Inc. | 264182 | &nbsp;&nbsp; 69490433 |
| RenaissanceRe Holdings Ltd. (Bermuda) | 296363 | &nbsp;&nbsp; 83485457 |
| RLI Corp. | 678741 | &nbsp;&nbsp; 39658837 |
| SEI Investments Co. | 859100 | &nbsp;&nbsp; 75471935 |
|  |  | &nbsp;&nbsp; 835536639 |
| **Health Care-21.18%** | **Health Care-21.18%** | **Health Care-21.18%** |
| Chemed Corp. | 104440 | &nbsp;&nbsp; 44610502 |
| Doximity, Inc., Class A<sup>(b)(c)</sup> | 1075084 | &nbsp;&nbsp; 40283398 |
| Elanco Animal Health, Inc.<sup>(b)(c)</sup> | 3422572 | &nbsp;&nbsp; 82415534 |
| Envista Holdings Corp.<sup>(b)</sup> | 1112222 | &nbsp;&nbsp; 26103850 |
| Exelixis, Inc.<sup>(b)(c)</sup> | 2541853 | &nbsp;&nbsp; 105131040 |
| Globus Medical, Inc., Class A<sup>(b)</sup> | 751573 | &nbsp;&nbsp; 68152640 |
| Halozyme Therapeutics, Inc.<sup>(b)(c)</sup> | 822206 | &nbsp;&nbsp; 58960392 |
| Illumina, Inc.<sup>(b)(c)</sup> | 1484870 | &nbsp;&nbsp; 215024025 |
| Medpace Holdings, Inc.<sup>(b)(c)</sup> | 321334 | &nbsp;&nbsp; 187170628 |
| Penumbra, Inc.<sup>(b)</sup> | 314101 | &nbsp;&nbsp; 112501555 |
| United Therapeutics Corp.<sup>(b)</sup> | 369021 | &nbsp;&nbsp; 173251669 |
|  |  | &nbsp;&nbsp; 1113605233 |
| **Industrials-25.67%** | **Industrials-25.67%** | **Industrials-25.67%** |
| AECOM | 924000 | &nbsp;&nbsp; 89101320 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Industrials-(continued)** | **Industrials-(continued)** | **Industrials-(continued)** |
| BWX Technologies, Inc. | 574726 | &nbsp;&nbsp; $118065962 |
| Carlisle Cos., Inc.<sup>(c)</sup> | 409010 | &nbsp;&nbsp; 139427419 |
| Carpenter Technology Corp. | 336485 | &nbsp;&nbsp; 106945028 |
| Donaldson Co., Inc. | 782858 | &nbsp;&nbsp; 79804544 |
| Exponent, Inc. | 347595 | &nbsp;&nbsp; 24981653 |
| Fluor Corp.<sup>(b)</sup> | 1487910 | &nbsp;&nbsp; 68726563 |
| FTI Consulting, Inc.<sup>(b)</sup> | 202299 | &nbsp;&nbsp; 35335566 |
| Genpact Ltd.<sup>(c)</sup> | 1047260 | &nbsp;&nbsp; 46184166 |
| Graco, Inc. | 1000823 | &nbsp;&nbsp; 87401873 |
| Landstar System, Inc. | 206201 | &nbsp;&nbsp; 30798181 |
| Lincoln Electric Holdings, Inc. | 398245 | &nbsp;&nbsp; 105674311 |
| MSA Safety, Inc.<sup>(c)</sup> | 236798 | &nbsp;&nbsp; 41948766 |
| MSC Industrial Direct Co., Inc., Class A | 317810 | &nbsp;&nbsp; 26804095 |
| Nextpower, Inc., Class A<sup>(b)(c)</sup> | 1124834 | &nbsp;&nbsp; 131706813 |
| Sterling Infrastructure, Inc.<sup>(b)(c)</sup> | 268138 | &nbsp;&nbsp; 95969272 |
| Toro Co. (The) | 669757 | &nbsp;&nbsp; 61282765 |
| Valmont Industries, Inc. | 133051 | &nbsp;&nbsp; 59282204 |
|  |  | &nbsp;&nbsp; 1349440501 |
| **Information Technology-8.18%** | **Information Technology-8.18%** | **Information Technology-8.18%** |
| Bentley Systems, Inc., Class B<sup>(c)</sup> | 951608 | &nbsp;&nbsp; 33420473 |
| Cirrus Logic, Inc.<sup>(b)</sup> | 317768 | &nbsp;&nbsp; 41417881 |
| IPG Photonics Corp.<sup>(b)(c)</sup> | 183300 | &nbsp;&nbsp; 16938753 |
| Manhattan Associates, Inc.<sup>(b)(c)</sup> | 686911 | &nbsp;&nbsp; 103730430 |
| Pegasystems, Inc.<sup>(c)</sup> | 808544 | &nbsp;&nbsp; 35325287 |
| Qualys, Inc.<sup>(b)(c)</sup> | 250044 | &nbsp;&nbsp; 32980804 |
| Twilio, Inc., Class A<sup>(b)</sup> | 1073754 | &nbsp;&nbsp; 129344407 |
| Vontier Corp.<sup>(c)</sup> | 982655 | &nbsp;&nbsp; 36849562 |
|  |  | &nbsp;&nbsp; 430007597 |
| **Materials-7.23%** | **Materials-7.23%** | **Materials-7.23%** |
| Alcoa Corp. | 1608665 | &nbsp;&nbsp; 91388259 |
| Cabot Corp.<sup>(c)</sup> | 326998 | &nbsp;&nbsp; 23605985 |
| Crown Holdings, Inc. | 759479 | &nbsp;&nbsp; 79502262 |
| Greif, Inc., Class A | 177568 | &nbsp;&nbsp; 12539852 |
| Louisiana-Pacific Corp. | 368119 | &nbsp;&nbsp; 30826285 |
| Royal Gold, Inc. | 540354 | &nbsp;&nbsp; 142280612 |
|  |  | &nbsp;&nbsp; 380143255 |
| **Utilities-2.10%** | **Utilities-2.10%** | **Utilities-2.10%** |
| Talen Energy Corp.<sup>(b)</sup> | 316637 | &nbsp;&nbsp; 110303665 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $4,929,139,222) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $4,929,139,222) | &nbsp;&nbsp; 5256727694 |
| **Money Market Funds-0.02%** | **Money Market Funds-0.02%** | **Money Market Funds-0.02%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 3.61%<sup>(d)(e)</sup> <br>(Cost $1,096,777)<br>| 1096777 | &nbsp;&nbsp; 1096777 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.02% <br>(Cost $4,930,235,999) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.02% <br>(Cost $4,930,235,999) | &nbsp;&nbsp; 5257824471 |
| **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** |
| **Money Market Funds-6.51%** | **Money Market Funds-6.51%** | **Money Market Funds-6.51%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 3.65%<sup>(d)(e)(f)</sup><br>| 95027007 | &nbsp;&nbsp; 95027007 |

---

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

------

**Invesco S&P MidCap Quality ETF (XMHQ)—(continued)**

January 31, 2026

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Money Market Funds-(continued)** | **Money Market Funds-(continued)** | **Money Market Funds-(continued)** |
| Invesco Private Prime Fund, 3.80%<sup>(d)(e)(f)</sup> | 247167081 | &nbsp;&nbsp; $247241231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $342,268,238) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $342,268,238) | &nbsp;&nbsp; 342268238 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-106.53% <br>(Cost $5,272,504,237) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-106.53% <br>(Cost $5,272,504,237) | &nbsp;&nbsp; 5600092709 |
| OTHER ASSETS LESS LIABILITIES-(6.53)% | OTHER ASSETS LESS LIABILITIES-(6.53)% | &nbsp;&nbsp; (343225748)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $5256866961 |

---

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

---

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

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**April 30, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain**<br>| **Value** <br>**January 31, 2026**<br>| **Dividend Income** |
| **Investments in** <br> **Affiliated Money** <br> **Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & <br> Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; $4341548 | &nbsp;&nbsp;&nbsp; $54985633 | &nbsp;&nbsp;&nbsp; $(58230404)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $1096777 | &nbsp;&nbsp;&nbsp; $145905 |
| **Investments** <br> **Purchased with Cash** <br> **Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; 151004116 | &nbsp;&nbsp;&nbsp; 839199970 | &nbsp;&nbsp;&nbsp; (895177079)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 95027007 | &nbsp;&nbsp;&nbsp; 3,706,856<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime <br> Fund<br>| &nbsp;&nbsp;&nbsp; 393999594 | &nbsp;&nbsp;&nbsp; 1767009878 | &nbsp;&nbsp;&nbsp; (1913819069)<br>| &nbsp;&nbsp;&nbsp; 23726 | &nbsp;&nbsp;&nbsp; 27102 | &nbsp;&nbsp;&nbsp; 247241231 | &nbsp;&nbsp;&nbsp; 10,014,356<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $549345258 | &nbsp;&nbsp;&nbsp; $2661195481 | &nbsp;&nbsp;&nbsp; $(2867226552)<br>| &nbsp;&nbsp;&nbsp; $23726 | &nbsp;&nbsp;&nbsp; $27102 | &nbsp;&nbsp;&nbsp; $343365015 | &nbsp;&nbsp;&nbsp; $13867117 |

---

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

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

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

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

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

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

------

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

**Invesco S&P MidCap Value with Momentum ETF (XMVM)**

January 31, 2026

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-99.95%** | **Common Stocks & Other Equity Interests-99.95%** | **Common Stocks & Other Equity Interests-99.95%** |
| **Communication Services-1.10%** | **Communication Services-1.10%** | **Communication Services-1.10%** |
| Nexstar Media Group, Inc., Class A<sup>(b)</sup> | 19440 | &nbsp;&nbsp; $4128667 |
| **Consumer Discretionary-17.09%** | **Consumer Discretionary-17.09%** | **Consumer Discretionary-17.09%** |
| Aramark<sup>(b)</sup> | 100773 | &nbsp;&nbsp; 3878753 |
| Autoliv, Inc. (Sweden) | 32816 | &nbsp;&nbsp; 3978612 |
| AutoNation, Inc.<sup>(c)</sup> | 30179 | &nbsp;&nbsp; 6186091 |
| Boyd Gaming Corp. | 58422 | &nbsp;&nbsp; 4938996 |
| Gap, Inc. (The) | 171919 | &nbsp;&nbsp; 4810294 |
| Graham Holdings Co., Class B | 6221 | &nbsp;&nbsp; 7257605 |
| Lear Corp.<sup>(b)</sup> | 81069 | &nbsp;&nbsp; 9492369 |
| Macy's, Inc. | 353628 | &nbsp;&nbsp; 7079633 |
| Penske Automotive Group, Inc.<sup>(b)</sup> | 40189 | &nbsp;&nbsp; 6301233 |
| Thor Industries, Inc. | 48905 | &nbsp;&nbsp; 5471002 |
| Visteon Corp. | 52815 | &nbsp;&nbsp; 4798771 |
|  |  | &nbsp;&nbsp; 64193359 |
| **Consumer Staples-5.68%** | **Consumer Staples-5.68%** | **Consumer Staples-5.68%** |
| Albertson's Cos., Inc., Class A | 443195 | &nbsp;&nbsp; 7379197 |
| BJ's Wholesale Club Holdings, Inc.<sup>(c)</sup> | 39870 | &nbsp;&nbsp; 3685583 |
| Performance Food Group Co.<sup>(c)</sup> | 63067 | &nbsp;&nbsp; 6019745 |
| US Foods Holding Corp.<sup>(c)</sup> | 50772 | &nbsp;&nbsp; 4245554 |
|  |  | &nbsp;&nbsp; 21330079 |
| **Energy-5.75%** | **Energy-5.75%** | **Energy-5.75%** |
| Antero Resources Corp.<sup>(c)</sup> | 94399 | &nbsp;&nbsp; 3433292 |
| HF Sinclair Corp. | 136654 | &nbsp;&nbsp; 7104642 |
| PBF Energy, Inc., Class A | 189740 | &nbsp;&nbsp; 6348700 |
| Valaris Ltd.<sup>(b)(c)</sup> | 81777 | &nbsp;&nbsp; 4720986 |
|  |  | &nbsp;&nbsp; 21607620 |
| **Financials-45.36%** | **Financials-45.36%** | **Financials-45.36%** |
| Ally Financial, Inc. | 100522 | &nbsp;&nbsp; 4250070 |
| American Financial Group, Inc. | 26096 | &nbsp;&nbsp; 3399526 |
| Annaly Capital Management, Inc. | 212320 | &nbsp;&nbsp; 4885483 |
| Associated Banc-Corp | 158384 | &nbsp;&nbsp; 4317548 |
| Bank OZK | 136182 | &nbsp;&nbsp; 6476816 |
| Brighthouse Financial, Inc.<sup>(c)</sup> | 136464 | &nbsp;&nbsp; 8741884 |
| Cadence Bank | 171 | &nbsp;&nbsp; 7201 |
| CNO Financial Group, Inc. | 117695 | &nbsp;&nbsp; 4949075 |
| Columbia Banking System, Inc. | 168355 | &nbsp;&nbsp; 4956371 |
| Comerica, Inc. | 81 | &nbsp;&nbsp; 7182 |
| Cullen/Frost Bankers, Inc. | 27706 | &nbsp;&nbsp; 3818441 |
| East West Bancorp, Inc. | 32656 | &nbsp;&nbsp; 3737153 |
| Essent Group Ltd. | 85663 | &nbsp;&nbsp; 5389916 |
| F.N.B. Corp. | 310716 | &nbsp;&nbsp; 5453066 |
| Federated Hermes, Inc., Class B<sup>(b)</sup> | 68092 | &nbsp;&nbsp; 3627942 |
| First American Financial Corp. | 80090 | &nbsp;&nbsp; 5060086 |
| First Horizon Corp. | 175312 | &nbsp;&nbsp; 4293391 |
| Hancock Whitney Corp.<sup>(b)</sup> | 74819 | &nbsp;&nbsp; 5147547 |
| Hanover Insurance Group, Inc. (The) | 25882 | &nbsp;&nbsp; 4507092 |
| Home BancShares, Inc. | 148670 | &nbsp;&nbsp; 4296563 |
| International Bancshares Corp. | 64902 | &nbsp;&nbsp; 4519775 |
| Janus Henderson Group PLC | 92214 | &nbsp;&nbsp; 4438260 |
| MGIC Investment Corp. | 172870 | &nbsp;&nbsp; 4653660 |
| Old National Bancorp<sup>(b)</sup> | 208250 | &nbsp;&nbsp; 5087548 |
| Old Republic International Corp.<sup>(b)</sup> | 94179 | &nbsp;&nbsp; 3688991 |
| RenaissanceRe Holdings Ltd. (Bermuda) | 25329 | &nbsp;&nbsp; 7135179 |
| SLM Corp.<sup>(b)</sup> | 123853 | &nbsp;&nbsp; 3362609 |
| Starwood Property Trust, Inc.<sup>(b)</sup> | 231223 | &nbsp;&nbsp; 4145828 |
| Texas Capital Bancshares, Inc.<sup>(c)</sup> | 43102 | &nbsp;&nbsp; 4360629 |
| UMB Financial Corp. | 38820 | &nbsp;&nbsp; 4935575 |
| United Bankshares, Inc. | 130479 | &nbsp;&nbsp; 5523176 |
| Unum Group | 69080 | &nbsp;&nbsp; 5248008 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Financials-(continued)** | **Financials-(continued)** | **Financials-(continued)** |
| Valley National Bancorp | 460981 | &nbsp;&nbsp; $5743823 |
| Webster Financial Corp. | 78801 | &nbsp;&nbsp; 5182742 |
| Western Alliance Bancorporation | 57180 | &nbsp;&nbsp; 5097597 |
| Wintrust Financial Corp. | 30290 | &nbsp;&nbsp; 4467472 |
| Zions Bancorporation N.A. | 90986 | &nbsp;&nbsp; 5450971 |
|  |  | &nbsp;&nbsp; 170364196 |
| **Health Care-0.82%** | **Health Care-0.82%** | **Health Care-0.82%** |
| Tenet Healthcare Corp.<sup>(c)</sup> | 16327 | &nbsp;&nbsp; 3090375 |
| **Industrials-5.93%** | **Industrials-5.93%** | **Industrials-5.93%** |
| AGCO Corp. | 38296 | &nbsp;&nbsp; 4343150 |
| EnerSys | 20201 | &nbsp;&nbsp; 3640018 |
| Oshkosh Corp. | 36425 | &nbsp;&nbsp; 5238644 |
| Ryder System, Inc. | 24865 | &nbsp;&nbsp; 4756177 |
| WESCO International, Inc. | 14845 | &nbsp;&nbsp; 4296588 |
|  |  | &nbsp;&nbsp; 22274577 |
| **Information Technology-3.26%** | **Information Technology-3.26%** | **Information Technology-3.26%** |
| Kyndryl Holdings, Inc.<sup>(b)(c)</sup> | 178644 | &nbsp;&nbsp; 4108812 |
| TD SYNNEX Corp. | 51149 | &nbsp;&nbsp; 8115812 |
|  |  | &nbsp;&nbsp; 12224624 |
| **Materials-2.05%** | **Materials-2.05%** | **Materials-2.05%** |
| Commercial Metals Co. | 45357 | &nbsp;&nbsp; 3486593 |
| Crown Holdings, Inc. | 40349 | &nbsp;&nbsp; 4223733 |
|  |  | &nbsp;&nbsp; 7710326 |
| **Real Estate-2.27%** | **Real Estate-2.27%** | **Real Estate-2.27%** |
| Jones Lang LaSalle, Inc.<sup>(c)</sup> | 12350 | &nbsp;&nbsp; 4420189 |
| Kilroy Realty Corp. | 118859 | &nbsp;&nbsp; 4098258 |
|  |  | &nbsp;&nbsp; 8518447 |
| **Utilities-10.64%** | **Utilities-10.64%** | **Utilities-10.64%** |
| Black Hills Corp. | 50618 | &nbsp;&nbsp; 3694102 |
| Essential Utilities, Inc. | 89145 | &nbsp;&nbsp; 3457934 |
| National Fuel Gas Co. | 36821 | &nbsp;&nbsp; 3083759 |
| New Jersey Resources Corp.<sup>(b)</sup> | 84095 | &nbsp;&nbsp; 4161020 |
| NorthWestern Energy Group, Inc. | 52103 | &nbsp;&nbsp; 3535709 |
| OGE Energy Corp. | 71544 | &nbsp;&nbsp; 3125042 |
| ONE Gas, Inc. | 45266 | &nbsp;&nbsp; 3601363 |
| Portland General Electric Co. | 82624 | &nbsp;&nbsp; 4151856 |
| Southwest Gas Holdings, Inc. | 45584 | &nbsp;&nbsp; 3775267 |
| Spire, Inc. | 40632 | &nbsp;&nbsp; 3432998 |
| UGI Corp. | 98162 | &nbsp;&nbsp; 3937278 |
|  |  | &nbsp;&nbsp; 39956328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $332,345,763) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $332,345,763) | &nbsp;&nbsp; 375398598 |
| **Money Market Funds-0.12%** | **Money Market Funds-0.12%** | **Money Market Funds-0.12%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 3.61%<sup>(d)(e)</sup> <br>(Cost $458,584)<br>| 458584 | &nbsp;&nbsp; 458584 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.07% <br>(Cost $332,804,347) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.07% <br>(Cost $332,804,347) | &nbsp;&nbsp; 375857182 |
| **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** |
| **Money Market Funds-4.93%** | **Money Market Funds-4.93%** | **Money Market Funds-4.93%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 3.65%<sup>(d)(e)(f)</sup><br>| 5151609 | &nbsp;&nbsp; 5151609 |

---

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

------

**Invesco S&P MidCap Value with Momentum ETF (XMVM)—(continued)**

January 31, 2026

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Money Market Funds-(continued)** | **Money Market Funds-(continued)** | **Money Market Funds-(continued)** |
| Invesco Private Prime Fund, 3.80%<sup>(d)(e)(f)</sup> | 13354092 | &nbsp;&nbsp; $13358098 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $18,509,707) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $18,509,707) | &nbsp;&nbsp; 18509707 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-105.00% <br>(Cost $351,314,054) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-105.00% <br>(Cost $351,314,054) | &nbsp;&nbsp; 394366889 |
| OTHER ASSETS LESS LIABILITIES-(5.00)% | OTHER ASSETS LESS LIABILITIES-(5.00)% | &nbsp;&nbsp; (18797057)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $375569832 |

---

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

---

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

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**April 30, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain**<br>| **Value** <br>**January 31, 2026**<br>| **Dividend Income** |
| **Investments in Affiliated** <br> **Money Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & <br> Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; $329198 | &nbsp;&nbsp;&nbsp; $13130404 | &nbsp;&nbsp;&nbsp; $(13001018)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $458584 | &nbsp;&nbsp;&nbsp; $13497 |
| **Investments Purchased** <br> **with Cash Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; 14218409 | &nbsp;&nbsp;&nbsp; 105998607 | &nbsp;&nbsp;&nbsp; (115065407)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 5151609 | &nbsp;&nbsp;&nbsp; 284,400<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp; 34788887 | &nbsp;&nbsp;&nbsp; 208071533 | &nbsp;&nbsp;&nbsp; (229504995)<br>| &nbsp;&nbsp;&nbsp; 989 | &nbsp;&nbsp;&nbsp; 1684 | &nbsp;&nbsp;&nbsp; 13358098 | &nbsp;&nbsp;&nbsp; 773,038<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $49336494 | &nbsp;&nbsp;&nbsp; $327200544 | &nbsp;&nbsp;&nbsp; $(357571420)<br>| &nbsp;&nbsp;&nbsp; $989 | &nbsp;&nbsp;&nbsp; $1684 | &nbsp;&nbsp;&nbsp; $18968291 | &nbsp;&nbsp;&nbsp; $1070935 |

---

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

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

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

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

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

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

------

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

**Invesco S&P SmallCap Momentum ETF (XSMO)**

January 31, 2026

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-100.09%** | **Common Stocks & Other Equity Interests-100.09%** | **Common Stocks & Other Equity Interests-100.09%** |
| **Communication Services-3.41%** | **Communication Services-3.41%** | **Communication Services-3.41%** |
| CarGurus, Inc.<sup>(b)(c)</sup> | 444338 | &nbsp;&nbsp; $14396551 |
| Cinemark Holdings, Inc.<sup>(c)</sup> | 434103 | &nbsp;&nbsp; 10279559 |
| Gogo, Inc.<sup>(b)(c)</sup> | 430125 | &nbsp;&nbsp; 1974274 |
| Telephone and Data Systems, Inc. | 915793 | &nbsp;&nbsp; 41329738 |
| Uniti Group, Inc.<sup>(b)(c)</sup> | 944393 | &nbsp;&nbsp; 7857350 |
|  |  | &nbsp;&nbsp; 75837472 |
| **Consumer Discretionary-15.98%** | **Consumer Discretionary-15.98%** | **Consumer Discretionary-15.98%** |
| Adtalem Global Education, Inc.<sup>(b)</sup> | 235588 | &nbsp;&nbsp; 24395137 |
| Boot Barn Holdings, Inc.<sup>(b)(c)</sup> | 135708 | &nbsp;&nbsp; 24221164 |
| Brinker International, Inc.<sup>(b)</sup> | 429709 | &nbsp;&nbsp; 67773704 |
| Buckle, Inc. (The)<sup>(c)</sup> | 158327 | &nbsp;&nbsp; 7488867 |
| Cheesecake Factory, Inc. (The)<sup>(c)</sup> | 392283 | &nbsp;&nbsp; 22736723 |
| Cracker Barrel Old Country Store, Inc.<sup>(c)</sup> | 110277 | &nbsp;&nbsp; 3321543 |
| Dorman Products, Inc.<sup>(b)(c)</sup> | 135717 | &nbsp;&nbsp; 16856051 |
| Frontdoor, Inc.<sup>(b)</sup> | 487231 | &nbsp;&nbsp; 28800224 |
| Group 1 Automotive, Inc. | 50857 | &nbsp;&nbsp; 18016601 |
| Monarch Casino & Resort, Inc. | 77914 | &nbsp;&nbsp; 7131468 |
| National Vision Holdings, Inc.<sup>(b)</sup> | 561293 | &nbsp;&nbsp; 14790071 |
| Patrick Industries, Inc. | 141034 | &nbsp;&nbsp; 17794260 |
| Perdoceo Education Corp. | 266427 | &nbsp;&nbsp; 8533657 |
| Phinia, Inc. | 161523 | &nbsp;&nbsp; 11495592 |
| Shake Shack, Inc., Class A<sup>(b)</sup> | 205745 | &nbsp;&nbsp; 18222835 |
| Sonic Automotive, Inc., Class A<sup>(c)</sup> | 71919 | &nbsp;&nbsp; 4312263 |
| Stride, Inc.<sup>(b)(c)</sup> | 310767 | &nbsp;&nbsp; 26290888 |
| Urban Outfitters, Inc.<sup>(b)</sup> | 349847 | &nbsp;&nbsp; 24786660 |
| Wolverine World Wide, Inc. | 439505 | &nbsp;&nbsp; 7788029 |
|  |  | &nbsp;&nbsp; 354755737 |
| **Consumer Staples-4.65%** | **Consumer Staples-4.65%** | **Consumer Staples-4.65%** |
| Cal-Maine Foods, Inc. | 380899 | &nbsp;&nbsp; 31816494 |
| Chefs' Warehouse, Inc. (The)<sup>(b)(c)</sup> | 322886 | &nbsp;&nbsp; 20309529 |
| Fresh Del Monte Produce, Inc.<sup>(c)</sup> | 311426 | &nbsp;&nbsp; 12351155 |
| PriceSmart, Inc.<sup>(c)</sup> | 127937 | &nbsp;&nbsp; 18193921 |
| Tootsie Roll Industries, Inc.<sup>(c)</sup> | 128849 | &nbsp;&nbsp; 4880800 |
| United Natural Foods, Inc.<sup>(b)</sup> | 423745 | &nbsp;&nbsp; 15776026 |
|  |  | &nbsp;&nbsp; 103327925 |
| **Energy-1.61%** | **Energy-1.61%** | **Energy-1.61%** |
| Archrock, Inc. | 710327 | &nbsp;&nbsp; 21018576 |
| Comstock Resources, Inc.<sup>(b)(c)</sup> | 605111 | &nbsp;&nbsp; 14734453 |
|  |  | &nbsp;&nbsp; 35753029 |
| **Financials-16.63%** | **Financials-16.63%** | **Financials-16.63%** |
| Acadian Asset Management, Inc. | 228442 | &nbsp;&nbsp; 12660256 |
| Ameris Bancorp | 264401 | &nbsp;&nbsp; 21316009 |
| BancFirst Corp. | 94821 | &nbsp;&nbsp; 10425569 |
| Blackstone Mortgage Trust, Inc., Class A | 748981 | &nbsp;&nbsp; 14417884 |
| Ellington Financial, Inc. | 481262 | &nbsp;&nbsp; 6184217 |
| Enova International, Inc.<sup>(b)</sup> | 112670 | &nbsp;&nbsp; 18609704 |
| EZCORP, Inc., Class A<sup>(b)(c)</sup> | 405309 | &nbsp;&nbsp; 8693878 |
| First Bancorp/Southern Pines NC<sup>(c)</sup> | 210856 | &nbsp;&nbsp; 12214888 |
| Hanmi Financial Corp. | 129279 | &nbsp;&nbsp; 3434943 |
| HCI Group, Inc. | 76335 | &nbsp;&nbsp; 12112074 |
| Horace Mann Educators Corp. | 260398 | &nbsp;&nbsp; 11668434 |
| Palomar Holdings, Inc.<sup>(b)</sup> | 176129 | &nbsp;&nbsp; 21767783 |
| Pathward Financial, Inc. | 93845 | &nbsp;&nbsp; 8473265 |
| Payoneer Global, Inc.<sup>(b)</sup> | 1139439 | &nbsp;&nbsp; 7281015 |
| Piper Sandler Cos. | 69703 | &nbsp;&nbsp; 24141634 |
| PJT Partners, Inc., Class A | 148161 | &nbsp;&nbsp; 25636298 |
| SiriusPoint Ltd. (Sweden)<sup>(b)</sup> | 645584 | &nbsp;&nbsp; 13176369 |
| StepStone Group, Inc., Class A | 311749 | &nbsp;&nbsp; 22037537 |
| StoneX Group, Inc.<sup>(b)(c)</sup> | 448814 | &nbsp;&nbsp; 50383860 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Financials-(continued)** | **Financials-(continued)** | **Financials-(continued)** |
| United Fire Group, Inc. | 99706 | &nbsp;&nbsp; $3583434 |
| Victory Capital Holdings, Inc., Class A<sup>(c)</sup> | 281262 | &nbsp;&nbsp; 19837409 |
| Virtu Financial, Inc., Class A | 760332 | &nbsp;&nbsp; 31561381 |
| WisdomTree, Inc.<sup>(c)</sup> | 477294 | &nbsp;&nbsp; 7732163 |
| World Acceptance Corp.<sup>(b)(c)</sup> | 15482 | &nbsp;&nbsp; 1877192 |
|  |  | &nbsp;&nbsp; 369227196 |
| **Health Care-6.52%** | **Health Care-6.52%** | **Health Care-6.52%** |
| ADMA Biologics, Inc.<sup>(b)</sup> | 1275240 | &nbsp;&nbsp; 22061652 |
| Artivion, Inc.<sup>(b)(c)</sup> | 173096 | &nbsp;&nbsp; 7057124 |
| Catalyst Pharmaceuticals, Inc.<sup>(b)(c)</sup> | 539028 | &nbsp;&nbsp; 13098380 |
| Corcept Therapeutics, Inc.<sup>(b)(c)</sup> | 449334 | &nbsp;&nbsp; 17914947 |
| Ligand Pharmaceuticals, Inc.<sup>(b)(c)</sup> | 87384 | &nbsp;&nbsp; 16786466 |
| Pediatrix Medical Group, Inc.<sup>(b)(c)</sup> | 489548 | &nbsp;&nbsp; 10466536 |
| Phibro Animal Health Corp., Class A<sup>(c)</sup> | 118606 | &nbsp;&nbsp; 4762031 |
| Protagonist Therapeutics, Inc.<sup>(b)</sup> | 300432 | &nbsp;&nbsp; 24575338 |
| TG Therapeutics, Inc.<sup>(b)(c)</sup> | 956006 | &nbsp;&nbsp; 28135257 |
|  |  | &nbsp;&nbsp; 144857731 |
| **Industrials-28.18%** | **Industrials-28.18%** | **Industrials-28.18%** |
| Alamo Group, Inc.<sup>(c)</sup> | 49473 | &nbsp;&nbsp; 9662572 |
| Armstrong World Industries, Inc. | 363699 | &nbsp;&nbsp; 66826054 |
| AZZ, Inc. | 188677 | &nbsp;&nbsp; 23450664 |
| CoreCivic, Inc.<sup>(b)(c)</sup> | 595470 | &nbsp;&nbsp; 11034059 |
| CSG Systems International, Inc. | 193967 | &nbsp;&nbsp; 15468868 |
| DXP Enterprises, Inc.<sup>(b)(c)</sup> | 122888 | &nbsp;&nbsp; 15981585 |
| Enpro, Inc. | 103673 | &nbsp;&nbsp; 24755039 |
| ESCO Technologies, Inc. | 210701 | &nbsp;&nbsp; 48075647 |
| Everus Construction Group, Inc.<sup>(b)</sup> | 255315 | &nbsp;&nbsp; 22592824 |
| Federal Signal Corp. | 312989 | &nbsp;&nbsp; 33830981 |
| Gates Industrial Corp. PLC<sup>(b)</sup> | 1443144 | &nbsp;&nbsp; 33221175 |
| GEO Group, Inc. (The)<sup>(b)</sup> | 936951 | &nbsp;&nbsp; 14972477 |
| Granite Construction, Inc.<sup>(c)</sup> | 348420 | &nbsp;&nbsp; 42068231 |
| Interface, Inc. | 239949 | &nbsp;&nbsp; 7551195 |
| JBT Marel Corp.<sup>(c)</sup> | 311590 | &nbsp;&nbsp; 49016223 |
| Mercury Systems, Inc.<sup>(b)(c)</sup> | 319241 | &nbsp;&nbsp; 29970345 |
| Mueller Water Products, Inc., Class A | 732582 | &nbsp;&nbsp; 19830995 |
| MYR Group, Inc.<sup>(b)(c)</sup> | 78065 | &nbsp;&nbsp; 19519373 |
| National Presto Industries, Inc.<sup>(c)</sup> | 31710 | &nbsp;&nbsp; 4039854 |
| OPENLANE, Inc.<sup>(b)</sup> | 693234 | &nbsp;&nbsp; 20824749 |
| Pitney Bowes, Inc.<sup>(c)</sup> | 1315611 | &nbsp;&nbsp; 13721823 |
| Powell Industries, Inc.<sup>(c)</sup> | 39419 | &nbsp;&nbsp; 17485874 |
| SkyWest, Inc.<sup>(b)</sup> | 267693 | &nbsp;&nbsp; 25837728 |
| Worthington Enterprises, Inc. | 152486 | &nbsp;&nbsp; 8473647 |
| Zurn Elkay Water Solutions Corp. | 1029655 | &nbsp;&nbsp; 47477392 |
|  |  | &nbsp;&nbsp; 625689374 |
| **Information Technology-14.80%** | **Information Technology-14.80%** | **Information Technology-14.80%** |
| A10 Networks, Inc. | 514227 | &nbsp;&nbsp; 8968119 |
| Calix, Inc.<sup>(b)</sup> | 339334 | &nbsp;&nbsp; 15158050 |
| Clear Secure, Inc., Class A | 465154 | &nbsp;&nbsp; 15173323 |
| Extreme Networks, Inc.<sup>(b)</sup> | 603104 | &nbsp;&nbsp; 8793256 |
| InterDigital, Inc.<sup>(c)</sup> | 249435 | &nbsp;&nbsp; 81425561 |
| Itron, Inc.<sup>(b)</sup> | 219386 | &nbsp;&nbsp; 21736765 |
| OSI Systems, Inc.<sup>(b)(c)</sup> | 108240 | &nbsp;&nbsp; 27075154 |
| Sanmina Corp.<sup>(b)</sup> | 367355 | &nbsp;&nbsp; 52046856 |
| Semtech Corp.<sup>(b)(c)</sup> | 450982 | &nbsp;&nbsp; 35965815 |
| SiTime Corp.<sup>(b)</sup> | 98457 | &nbsp;&nbsp; 35750721 |
| Viavi Solutions, Inc.<sup>(b)</sup> | 1081067 | &nbsp;&nbsp; 26442899 |
|  |  | &nbsp;&nbsp; 328536519 |
| **Materials-2.92%** | **Materials-2.92%** | **Materials-2.92%** |
| Century Aluminum Co.<sup>(b)</sup> | 247483 | &nbsp;&nbsp; 11218404 |

---

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

------

**Invesco S&P SmallCap Momentum ETF (XSMO)—(continued)**

January 31, 2026

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Materials-(continued)** | **Materials-(continued)** | **Materials-(continued)** |
| Hawkins, Inc. | 157175 | &nbsp;&nbsp; $20472044 |
| Sensient Technologies Corp. | 350069 | &nbsp;&nbsp; 33088522 |
|  |  | &nbsp;&nbsp; 64778970 |
| **Real Estate-3.25%** | **Real Estate-3.25%** | **Real Estate-3.25%** |
| CareTrust REIT, Inc.<sup>(c)</sup> | 1354210 | &nbsp;&nbsp; 50566201 |
| &nbsp;&nbsp;&nbsp; JBG SMITH Properties, (Acquired <br> 09/19/2025 - 01/29/2026; <br> Cost $8,762,885)<sup>(d)</sup><br>| 389307 | &nbsp;&nbsp; 6555930 |
| Outfront Media, Inc. | 616767 | &nbsp;&nbsp; 14999774 |
|  |  | &nbsp;&nbsp; 72121905 |
| **Utilities-2.14%** | **Utilities-2.14%** | **Utilities-2.14%** |
| Clearway Energy, Inc., Class A | 225423 | &nbsp;&nbsp; 7612535 |
| Clearway Energy, Inc., Class C | 513228 | &nbsp;&nbsp; 18553192 |
| MDU Resources Group, Inc.<sup>(c)</sup> | 1037516 | &nbsp;&nbsp; 21279453 |
|  |  | &nbsp;&nbsp; 47445180 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.09% <br>(Cost $2,001,648,045) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.09% <br>(Cost $2,001,648,045) | &nbsp;&nbsp; 2222331038 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** |
| **Money Market Funds-16.01%** | **Money Market Funds-16.01%** | **Money Market Funds-16.01%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 3.65%<sup>(e)(f)(g)</sup><br>| 98529812 | &nbsp;&nbsp; $98529812 |
| Invesco Private Prime Fund, 3.80%<sup>(e)(f)(g)</sup> | 256708217 | &nbsp;&nbsp; 256785229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $355,315,041) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $355,315,041) | &nbsp;&nbsp; 355315041 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-116.10% <br>(Cost $2,356,963,086) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-116.10% <br>(Cost $2,356,963,086) | &nbsp;&nbsp; 2577646079 |
| OTHER ASSETS LESS LIABILITIES-(16.10)% | OTHER ASSETS LESS LIABILITIES-(16.10)% | &nbsp;&nbsp; (357365396)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $2220280683 |

---

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

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

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

---

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

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**April 30, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain**<br>| **Value** <br>**January 31, 2026**<br>| **Dividend Income** |
| **Investments in** <br> **Affiliated Money** <br> **Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & <br> Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; $1367282 | &nbsp;&nbsp;&nbsp; $20134736 | &nbsp;&nbsp;&nbsp; $(21502018)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $35378 |
| **Investments** <br> **Purchased with Cash** <br> **Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; 66856725 | &nbsp;&nbsp;&nbsp; 439056128 | &nbsp;&nbsp;&nbsp; (407383041)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 98529812 | &nbsp;&nbsp;&nbsp; 2,173,582<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime <br> Fund<br>| &nbsp;&nbsp;&nbsp; 173410521 | &nbsp;&nbsp;&nbsp; 1071997552 | &nbsp;&nbsp;&nbsp; (988640666)<br>| &nbsp;&nbsp;&nbsp; 11301 | &nbsp;&nbsp;&nbsp; 6521 | &nbsp;&nbsp;&nbsp; 256785229 | &nbsp;&nbsp;&nbsp; 5,846,540<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $241634528 | &nbsp;&nbsp;&nbsp; $1531188416 | &nbsp;&nbsp;&nbsp; $(1417525725)<br>| &nbsp;&nbsp;&nbsp; $11301 | &nbsp;&nbsp;&nbsp; $6521 | &nbsp;&nbsp;&nbsp; $355315041 | &nbsp;&nbsp;&nbsp; $8055500 |

---

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

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

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

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

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

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

------

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

**Invesco S&P SmallCap Value with Momentum ETF (XSVM)**

January 31, 2026

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-99.95%** | **Common Stocks & Other Equity Interests-99.95%** | **Common Stocks & Other Equity Interests-99.95%** |
| **Communication Services-3.45%** | **Communication Services-3.45%** | **Communication Services-3.45%** |
| Scholastic Corp. | 190942 | &nbsp;&nbsp; $6677242 |
| Shenandoah Telecommunications Co.<sup>(b)</sup> | 367907 | &nbsp;&nbsp; 4367056 |
| TEGNA, Inc. | 249802 | &nbsp;&nbsp; 4786206 |
| Telephone and Data Systems, Inc.<sup>(b)</sup> | 91467 | &nbsp;&nbsp; 4127906 |
|  |  | &nbsp;&nbsp; 19958410 |
| **Consumer Discretionary-18.40%** | **Consumer Discretionary-18.40%** | **Consumer Discretionary-18.40%** |
| Academy Sports & Outdoors, Inc.<sup>(b)</sup> | 89717 | &nbsp;&nbsp; 4935332 |
| Adient PLC<sup>(c)</sup> | 340369 | &nbsp;&nbsp; 7079675 |
| &nbsp;&nbsp;&nbsp; American Axle & Manufacturing Holdings, <br> Inc.<sup>(b)(c)</sup><br>| 1279831 | &nbsp;&nbsp; 10200253 |
| Asbury Automotive Group, Inc.<sup>(b)(c)</sup> | 31415 | &nbsp;&nbsp; 7367132 |
| Dana, Inc. | 211502 | &nbsp;&nbsp; 6112408 |
| Ethan Allen Interiors, Inc. | 170573 | &nbsp;&nbsp; 3911239 |
| G-III Apparel Group Ltd. | 244080 | &nbsp;&nbsp; 7163748 |
| Green Brick Partners, Inc.<sup>(b)(c)</sup> | 56109 | &nbsp;&nbsp; 3893403 |
| Group 1 Automotive, Inc.<sup>(b)</sup> | 16620 | &nbsp;&nbsp; 5887801 |
| Kohl's Corp.<sup>(b)</sup> | 403851 | &nbsp;&nbsp; 7055277 |
| LCI Industries<sup>(b)</sup> | 30567 | &nbsp;&nbsp; 4483873 |
| MarineMax, Inc.<sup>(b)(c)</sup> | 334906 | &nbsp;&nbsp; 9052509 |
| Matthews International Corp., Class A | 130203 | &nbsp;&nbsp; 3423037 |
| Phinia, Inc.<sup>(b)</sup> | 75282 | &nbsp;&nbsp; 5357820 |
| Sally Beauty Holdings, Inc.<sup>(b)(c)</sup> | 328134 | &nbsp;&nbsp; 4994199 |
| Signet Jewelers Ltd.<sup>(b)</sup> | 36615 | &nbsp;&nbsp; 3378466 |
| Sonic Automotive, Inc., Class A<sup>(b)</sup> | 105561 | &nbsp;&nbsp; 6329438 |
| Standard Motor Products, Inc. | 142834 | &nbsp;&nbsp; 5703362 |
|  |  | &nbsp;&nbsp; 106328972 |
| **Consumer Staples-7.06%** | **Consumer Staples-7.06%** | **Consumer Staples-7.06%** |
| Andersons, Inc. (The) | 141561 | &nbsp;&nbsp; 8775366 |
| Cal-Maine Foods, Inc. | 52375 | &nbsp;&nbsp; 4374884 |
| Fresh Del Monte Produce, Inc.<sup>(b)</sup> | 172939 | &nbsp;&nbsp; 6858761 |
| Grocery Outlet Holding Corp.<sup>(b)(c)</sup> | 665804 | &nbsp;&nbsp; 6345112 |
| United Natural Foods, Inc.<sup>(b)(c)</sup> | 205780 | &nbsp;&nbsp; 7661190 |
| Universal Corp.<sup>(b)</sup> | 119280 | &nbsp;&nbsp; 6750055 |
|  |  | &nbsp;&nbsp; 40765368 |
| **Energy-8.34%** | **Energy-8.34%** | **Energy-8.34%** |
| Bristow Group, Inc.<sup>(b)(c)</sup> | 149319 | &nbsp;&nbsp; 6564063 |
| CVR Energy, Inc.<sup>(b)(c)</sup> | 114036 | &nbsp;&nbsp; 2593179 |
| Dorian LPG Ltd. | 172706 | &nbsp;&nbsp; 5100008 |
| Innovex International, Inc.<sup>(b)(c)</sup> | 145266 | &nbsp;&nbsp; 3609860 |
| International Seaways, Inc.<sup>(b)</sup> | 69270 | &nbsp;&nbsp; 4131955 |
| Liberty Energy, Inc., Class A<sup>(b)</sup> | 209694 | &nbsp;&nbsp; 5168957 |
| Noble Corp. PLC<sup>(b)</sup> | 124659 | &nbsp;&nbsp; 4440354 |
| Par Pacific Holdings, Inc.<sup>(c)</sup> | 140790 | &nbsp;&nbsp; 5313415 |
| Peabody Energy Corp. | 151675 | &nbsp;&nbsp; 5348060 |
| World Kinect Corp.<sup>(b)</sup> | 220588 | &nbsp;&nbsp; 5936023 |
|  |  | &nbsp;&nbsp; 48205874 |
| **Financials-41.79%** | **Financials-41.79%** | **Financials-41.79%** |
| Adamas Trust, Inc.<sup>(b)</sup> | 577406 | &nbsp;&nbsp; 4619248 |
| Ameris Bancorp | 43427 | &nbsp;&nbsp; 3501085 |
| &nbsp;&nbsp;&nbsp; Apollo Commercial Real Estate Finance, <br> Inc.<sup>(b)</sup><br>| 478621 | &nbsp;&nbsp; 5173893 |
| ARMOUR Residential REIT, Inc.<sup>(b)</sup> | 217895 | &nbsp;&nbsp; 3791373 |
| Assured Guaranty Ltd.<sup>(b)</sup> | 55185 | &nbsp;&nbsp; 4682447 |
| Atlantic Union Bankshares Corp., Class B<sup>(b)</sup> | 106244 | &nbsp;&nbsp; 4126517 |
| Banc of California, Inc. | 198795 | &nbsp;&nbsp; 3971924 |
| BankUnited, Inc. | 85716 | &nbsp;&nbsp; 4068938 |
| Banner Corp. | 57367 | &nbsp;&nbsp; 3547575 |
| Beacon Financial Corp. | 130435 | &nbsp;&nbsp; 3697832 |
| Blackstone Mortgage Trust, Inc., Class A<sup>(b)</sup> | 177107 | &nbsp;&nbsp; 3409310 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Financials-(continued)** | **Financials-(continued)** | **Financials-(continued)** |
| Bread Financial Holdings, Inc.<sup>(b)</sup> | 70434 | &nbsp;&nbsp; $5109282 |
| Capitol Federal Financial, Inc. | 651946 | &nbsp;&nbsp; 4746167 |
| Cathay General Bancorp | 73479 | &nbsp;&nbsp; 3760655 |
| Central Pacific Financial Corp.<sup>(b)</sup> | 107074 | &nbsp;&nbsp; 3487400 |
| Customers Bancorp, Inc.<sup>(b)(c)</sup> | 50876 | &nbsp;&nbsp; 4020222 |
| CVB Financial Corp.<sup>(b)</sup> | 171953 | &nbsp;&nbsp; 3389194 |
| Dime Community Bancshares, Inc., Class B | 125294 | &nbsp;&nbsp; 4262502 |
| Ellington Financial, Inc. | 302189 | &nbsp;&nbsp; 3883129 |
| Enact Holdings, Inc.<sup>(b)</sup> | 105726 | &nbsp;&nbsp; 4204723 |
| EZCORP, Inc., Class A<sup>(b)(c)</sup> | 214619 | &nbsp;&nbsp; 4603578 |
| First Commonwealth Financial Corp. | 226666 | &nbsp;&nbsp; 4086788 |
| First Financial Bancorp<sup>(b)</sup> | 172645 | &nbsp;&nbsp; 4961817 |
| First Hawaiian, Inc.<sup>(b)</sup> | 143984 | &nbsp;&nbsp; 3822776 |
| Fulton Financial Corp.<sup>(b)</sup> | 217440 | &nbsp;&nbsp; 4490136 |
| Genworth Financial, Inc., Class A<sup>(c)</sup> | 846442 | &nbsp;&nbsp; 7059326 |
| Hanmi Financial Corp. | 137007 | &nbsp;&nbsp; 3640276 |
| Heritage Financial Corp. | 167363 | &nbsp;&nbsp; 4319639 |
| Hilltop Holdings, Inc.<sup>(b)</sup> | 123650 | &nbsp;&nbsp; 4630692 |
| Horace Mann Educators Corp. | 91379 | &nbsp;&nbsp; 4094693 |
| Independent Bank Corp.<sup>(b)</sup> | 48729 | &nbsp;&nbsp; 3936329 |
| Jackson Financial, Inc., Class A | 53527 | &nbsp;&nbsp; 6365431 |
| Lincoln National Corp.<sup>(b)</sup> | 162173 | &nbsp;&nbsp; 6748019 |
| Mercury General Corp. | 38558 | &nbsp;&nbsp; 3377295 |
| NMI Holdings, Inc., Class A<sup>(c)</sup> | 102985 | &nbsp;&nbsp; 3987579 |
| Northwest Bancshares, Inc. | 329201 | &nbsp;&nbsp; 4240109 |
| OFG Bancorp | 91642 | &nbsp;&nbsp; 3693173 |
| PennyMac Mortgage Investment Trust<sup>(b)</sup> | 372873 | &nbsp;&nbsp; 4411088 |
| Preferred Bank | 34617 | &nbsp;&nbsp; 2969100 |
| Provident Financial Services, Inc. | 220656 | &nbsp;&nbsp; 4885324 |
| Radian Group, Inc. | 117802 | &nbsp;&nbsp; 3875686 |
| Renasant Corp. | 111446 | &nbsp;&nbsp; 4202629 |
| S&T Bancorp, Inc.<sup>(b)</sup> | 95971 | &nbsp;&nbsp; 4092203 |
| Seacoast Banking Corp. of Florida<sup>(b)</sup> | 103437 | &nbsp;&nbsp; 3458933 |
| SiriusPoint Ltd. (Sweden)<sup>(c)</sup> | 196548 | &nbsp;&nbsp; 4011545 |
| Southside Bancshares, Inc.<sup>(b)</sup> | 122439 | &nbsp;&nbsp; 3941311 |
| Stellar Bancorp, Inc. | 120814 | &nbsp;&nbsp; 4487032 |
| Stewart Information Services Corp. | 53487 | &nbsp;&nbsp; 3606628 |
| StoneX Group, Inc.<sup>(c)</sup> | 71638 | &nbsp;&nbsp; 8042082 |
| Tompkins Financial Corp. | 48392 | &nbsp;&nbsp; 3877167 |
| TrustCo Bank Corp.<sup>(b)</sup> | 80680 | &nbsp;&nbsp; 3501512 |
| Trustmark Corp.<sup>(b)</sup> | 97671 | &nbsp;&nbsp; 4152971 |
| United Community Banks, Inc. | 122496 | &nbsp;&nbsp; 4217537 |
| United Fire Group, Inc. | 153218 | &nbsp;&nbsp; 5506655 |
| Virtu Financial, Inc., Class A | 105359 | &nbsp;&nbsp; 4373452 |
| WSFS Financial Corp. | 67644 | &nbsp;&nbsp; 4378596 |
|  |  | &nbsp;&nbsp; 241502523 |
| **Health Care-1.13%** | **Health Care-1.13%** | **Health Care-1.13%** |
| AdaptHealth Corp.<sup>(b)(c)</sup> | 648918 | &nbsp;&nbsp; 6521626 |
| **Industrials-8.33%** | **Industrials-8.33%** | **Industrials-8.33%** |
| Air Lease Corp., Class A<sup>(b)</sup> | 79738 | &nbsp;&nbsp; 5153467 |
| Alamo Group, Inc.<sup>(b)</sup> | 20133 | &nbsp;&nbsp; 3932176 |
| Astec Industries, Inc. | 85218 | &nbsp;&nbsp; 4151821 |
| CoreCivic, Inc.<sup>(b)(c)</sup> | 215468 | &nbsp;&nbsp; 3992622 |
| Deluxe Corp.<sup>(b)</sup> | 249128 | &nbsp;&nbsp; 6576979 |
| DNOW, Inc.<sup>(b)(c)</sup> | 334058 | &nbsp;&nbsp; 5074341 |
| GEO Group, Inc. (The)<sup>(b)(c)</sup> | 264900 | &nbsp;&nbsp; 4233102 |
| Insteel Industries, Inc. | 116203 | &nbsp;&nbsp; 3850968 |
| SkyWest, Inc.<sup>(c)</sup> | 38141 | &nbsp;&nbsp; 3681369 |
| Titan International, Inc.<sup>(b)(c)</sup> | 785338 | &nbsp;&nbsp; 7492125 |
|  |  | &nbsp;&nbsp; 48138970 |

---

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

------

**Invesco S&P SmallCap Value with Momentum ETF (XSVM)—(continued)**

January 31, 2026

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Information Technology-6.77%** | **Information Technology-6.77%** | **Information Technology-6.77%** |
| Alpha & Omega Semiconductor Ltd.<sup>(b)(c)</sup> | 161499 | &nbsp;&nbsp; $3569128 |
| Benchmark Electronics, Inc. | 82137 | &nbsp;&nbsp; 4282623 |
| Corsair Gaming, Inc.<sup>(b)(c)</sup> | 626730 | &nbsp;&nbsp; 3196323 |
| MARA Holdings, Inc.<sup>(b)(c)</sup> | 409793 | &nbsp;&nbsp; 3893034 |
| NetScout Systems, Inc.<sup>(c)</sup> | 121419 | &nbsp;&nbsp; 3376662 |
| PC Connection, Inc. | 73426 | &nbsp;&nbsp; 4318183 |
| Photronics, Inc.<sup>(c)</sup> | 106317 | &nbsp;&nbsp; 3675379 |
| ScanSource, Inc.<sup>(c)</sup> | 163682 | &nbsp;&nbsp; 7036689 |
| Vishay Intertechnology, Inc.<sup>(b)</sup> | 286630 | &nbsp;&nbsp; 5775594 |
|  |  | &nbsp;&nbsp; 39123615 |
| **Materials-2.53%** | **Materials-2.53%** | **Materials-2.53%** |
| Kaiser Aluminum Corp. | 40880 | &nbsp;&nbsp; 5012705 |
| Metallus, Inc.<sup>(b)(c)</sup> | 247723 | &nbsp;&nbsp; 4942074 |
| O-I Glass, Inc.<sup>(b)(c)</sup> | 305624 | &nbsp;&nbsp; 4669935 |
|  |  | &nbsp;&nbsp; 14624714 |
| **Real Estate-0.90%** | **Real Estate-0.90%** | **Real Estate-0.90%** |
| Cushman & Wakefield Ltd.<sup>(b)(c)</sup> | 317682 | &nbsp;&nbsp; 5222692 |
| **Utilities-1.25%** | **Utilities-1.25%** | **Utilities-1.25%** |
| Avista Corp. | 92829 | &nbsp;&nbsp; 3832910 |
| Northwest Natural Holding Co. | 72329 | &nbsp;&nbsp; 3367638 |
|  |  | &nbsp;&nbsp; 7200548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $506,028,505) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $506,028,505) | &nbsp;&nbsp; 577593312 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Money Market Funds-0.05%** | **Money Market Funds-0.05%** | **Money Market Funds-0.05%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 3.61%<sup>(d)(e)</sup> <br>(Cost $284,147)<br>| 284147 | &nbsp;&nbsp; $284147 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.00% <br>(Cost $506,312,652) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.00% <br>(Cost $506,312,652) | &nbsp;&nbsp; 577877459 |
| **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** |
| **Money Market Funds-18.75%** | **Money Market Funds-18.75%** | **Money Market Funds-18.75%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 3.65%<sup>(d)(e)(f)</sup><br>| 29899232 | &nbsp;&nbsp; 29899232 |
| Invesco Private Prime Fund, 3.80%<sup>(d)(e)(f)</sup> | 78458815 | &nbsp;&nbsp; 78482353 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $108,381,585) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $108,381,585) | &nbsp;&nbsp; 108381585 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-118.75% <br>(Cost $614,694,237) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-118.75% <br>(Cost $614,694,237) | &nbsp;&nbsp; 686259044 |
| OTHER ASSETS LESS LIABILITIES-(18.75)% | OTHER ASSETS LESS LIABILITIES-(18.75)% | &nbsp;&nbsp; (108342695)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $577916349 |

---

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

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

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

---

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

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**April 30, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain**<br>| **Value** <br>**January 31, 2026**<br>| **Dividend Income** |
| **Investments in Affiliated** <br> **Money Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & <br> Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; $541147 | &nbsp;&nbsp;&nbsp; $23042588 | &nbsp;&nbsp;&nbsp; $(23299588)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $284147 | &nbsp;&nbsp;&nbsp; $13719 |
| **Investments Purchased** <br> **with Cash Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; 20800227 | &nbsp;&nbsp;&nbsp; 116646034 | &nbsp;&nbsp;&nbsp; (107547029)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 29899232 | &nbsp;&nbsp;&nbsp; 518,590<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp; 54108381 | &nbsp;&nbsp;&nbsp; 271496984 | &nbsp;&nbsp;&nbsp; (247126656)<br>| &nbsp;&nbsp;&nbsp; 3013 | &nbsp;&nbsp;&nbsp; 631 | &nbsp;&nbsp;&nbsp; 78482353 | &nbsp;&nbsp;&nbsp; 1,396,030<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $75449755 | &nbsp;&nbsp;&nbsp; $411185606 | &nbsp;&nbsp;&nbsp; $(377973273)<br>| &nbsp;&nbsp;&nbsp; $3013 | &nbsp;&nbsp;&nbsp; $631 | &nbsp;&nbsp;&nbsp; $108665732 | &nbsp;&nbsp;&nbsp; $1928339 |

---

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

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

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

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

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

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

------

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

**Invesco Zacks Mid-Cap ETF (CZA)**

January 31, 2026

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-99.99%** | **Common Stocks & Other Equity Interests-99.99%** | **Common Stocks & Other Equity Interests-99.99%** |
| **Consumer Discretionary-7.27%** | **Consumer Discretionary-7.27%** | **Consumer Discretionary-7.27%** |
| Aptiv PLC<sup>(b)</sup> | 22057 | &nbsp;&nbsp; $1670818 |
| Boyd Gaming Corp. | 7793 | &nbsp;&nbsp; 658820 |
| Bright Horizons Family Solutions, Inc.<sup>(b)</sup> | 5899 | &nbsp;&nbsp; 546424 |
| Deckers Outdoor Corp.<sup>(b)</sup> | 14921 | &nbsp;&nbsp; 1780672 |
| PulteGroup, Inc. | 20997 | &nbsp;&nbsp; 2626515 |
| Stellantis N.V.<sup>(c)</sup> | 331283 | &nbsp;&nbsp; 3269763 |
| Texas Roadhouse, Inc. | 6673 | &nbsp;&nbsp; 1200206 |
| Yum China Holdings, Inc. (China) | 35847 | &nbsp;&nbsp; 1771559 |
|  |  | &nbsp;&nbsp; 13524777 |
| **Consumer Staples-3.26%** | **Consumer Staples-3.26%** | **Consumer Staples-3.26%** |
| Archer-Daniels-Midland Co. | 50706 | &nbsp;&nbsp; 3413021 |
| Ingredion, Inc. | 6529 | &nbsp;&nbsp; 771075 |
| Lamb Weston Holdings, Inc. | 19953 | &nbsp;&nbsp; 916441 |
| Smithfield Foods, Inc. | 40220 | &nbsp;&nbsp; 961258 |
|  |  | &nbsp;&nbsp; 6061795 |
| **Financials-23.74%** | **Financials-23.74%** | **Financials-23.74%** |
| Annaly Capital Management, Inc. | 66989 | &nbsp;&nbsp; 1541417 |
| Arch Capital Group Ltd.<sup>(b)</sup> | 36749 | &nbsp;&nbsp; 3529374 |
| AXIS Capital Holdings Ltd. | 7638 | &nbsp;&nbsp; 788089 |
| Cincinnati Financial Corp. | 16055 | &nbsp;&nbsp; 2583089 |
| Corebridge Financial, Inc. | 55558 | &nbsp;&nbsp; 1712853 |
| Corpay, Inc.<sup>(b)</sup> | 7146 | &nbsp;&nbsp; 2248346 |
| Credicorp Ltd. (Peru) | 7816 | &nbsp;&nbsp; 2788983 |
| Essent Group Ltd. | 9719 | &nbsp;&nbsp; 611519 |
| F.N.B. Corp. | 42430 | &nbsp;&nbsp; 744647 |
| First Horizon Corp. | 48386 | &nbsp;&nbsp; 1184973 |
| Hartford Insurance Group, Inc. (The) | 28282 | &nbsp;&nbsp; 3819767 |
| Invesco Ltd.<sup>(d)</sup> | 43634 | &nbsp;&nbsp; 1190772 |
| Northern Trust Corp. | 19124 | &nbsp;&nbsp; 2857699 |
| Popular, Inc. | 6583 | &nbsp;&nbsp; 879028 |
| Principal Financial Group, Inc. | 22926 | &nbsp;&nbsp; 2171551 |
| Prosperity Bancshares, Inc.<sup>(c)</sup> | 9871 | &nbsp;&nbsp; 681198 |
| Regions Financial Corp. | 87720 | &nbsp;&nbsp; 2500020 |
| RenaissanceRe Holdings Ltd. (Bermuda) | 4516 | &nbsp;&nbsp; 1272157 |
| State Street Corp. | 27636 | &nbsp;&nbsp; 3616447 |
| Tradeweb Markets, Inc., Class A | 23201 | &nbsp;&nbsp; 2391327 |
| Unum Group | 16611 | &nbsp;&nbsp; 1261938 |
| Voya Financial, Inc. | 9647 | &nbsp;&nbsp; 739539 |
| Willis Towers Watson PLC | 9607 | &nbsp;&nbsp; 3049934 |
|  |  | &nbsp;&nbsp; 44164667 |
| **Health Care-8.11%** | **Health Care-8.11%** | **Health Care-8.11%** |
| Centene Corp.<sup>(b)</sup> | 49814 | &nbsp;&nbsp; 2157943 |
| Encompass Health Corp. | 10219 | &nbsp;&nbsp; 966002 |
| GE HealthCare Technologies, Inc. | 46700 | &nbsp;&nbsp; 3687899 |
| Globus Medical, Inc., Class A<sup>(b)</sup> | 13290 | &nbsp;&nbsp; 1205137 |
| ICON PLC<sup>(b)(c)</sup> | 8265 | &nbsp;&nbsp; 1489766 |
| IQVIA Holdings, Inc.<sup>(b)</sup> | 17034 | &nbsp;&nbsp; 3920375 |
| Tenet Healthcare Corp.<sup>(b)</sup> | 8774 | &nbsp;&nbsp; 1660743 |
|  |  | &nbsp;&nbsp; 15087865 |
| **Industrials-22.25%** | **Industrials-22.25%** | **Industrials-22.25%** |
| Acuity, Inc. | 3014 | &nbsp;&nbsp; 932049 |
| AerCap Holdings N.V. (Ireland) | 18567 | &nbsp;&nbsp; 2667335 |
| Applied Industrial Technologies, Inc. | 3756 | &nbsp;&nbsp; 978100 |
| Armstrong World Industries, Inc. | 4208 | &nbsp;&nbsp; 773178 |
| Crane Co. | 5971 | &nbsp;&nbsp; 1090544 |
| Donaldson Co., Inc. | 11863 | &nbsp;&nbsp; 1209314 |
| Flowserve Corp. | 13046 | &nbsp;&nbsp; 1019545 |
| Fortive Corp. | 32040 | &nbsp;&nbsp; 1692032 |
| Graco, Inc. | 17039 | &nbsp;&nbsp; 1488016 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Industrials-(continued)** | **Industrials-(continued)** | **Industrials-(continued)** |
| Kirby Corp.<sup>(b)</sup> | 5477 | &nbsp;&nbsp; $644424 |
| Leidos Holdings, Inc. | 12983 | &nbsp;&nbsp; 2444439 |
| Leonardo DRS, Inc. | 26528 | &nbsp;&nbsp; 1089240 |
| Lincoln Electric Holdings, Inc. | 5534 | &nbsp;&nbsp; 1468447 |
| Nextpower, Inc., Class A<sup>(b)</sup> | 14388 | &nbsp;&nbsp; 1684691 |
| Otis Worldwide Corp. | 39985 | &nbsp;&nbsp; 3415519 |
| Paylocity Holding Corp.<sup>(b)</sup> | 5334 | &nbsp;&nbsp; 719983 |
| Pentair PLC | 16509 | &nbsp;&nbsp; 1739553 |
| SPX Technologies, Inc.<sup>(b)</sup> | 5293 | &nbsp;&nbsp; 1103114 |
| Textron, Inc. | 17434 | &nbsp;&nbsp; 1535238 |
| TFI International, Inc. (Canada) | 8183 | &nbsp;&nbsp; 880082 |
| Veralto Corp. | 24838 | &nbsp;&nbsp; 2458465 |
| Verisk Analytics, Inc. | 14011 | &nbsp;&nbsp; 3046832 |
| Wabtec Corp. | 17040 | &nbsp;&nbsp; 3921586 |
| Xylem, Inc. | 24614 | &nbsp;&nbsp; 3393532 |
|  |  | &nbsp;&nbsp; 41395258 |
| **Information Technology-7.30%** | **Information Technology-7.30%** | **Information Technology-7.30%** |
| Flex Ltd.<sup>(b)</sup> | 40188 | &nbsp;&nbsp; 2533452 |
| Keysight Technologies, Inc.<sup>(b)</sup> | 17565 | &nbsp;&nbsp; 3799836 |
| Littelfuse, Inc. | 2513 | &nbsp;&nbsp; 813609 |
| Ralliant Corp. | 11292 | &nbsp;&nbsp; 598137 |
| TD SYNNEX Corp. | 8016 | &nbsp;&nbsp; 1271899 |
| Teledyne Technologies, Inc.<sup>(b)</sup> | 4737 | &nbsp;&nbsp; 2938361 |
| Trimble, Inc.<sup>(b)</sup> | 24140 | &nbsp;&nbsp; 1631864 |
|  |  | &nbsp;&nbsp; 13587158 |
| **Materials-12.89%** | **Materials-12.89%** | **Materials-12.89%** |
| AptarGroup, Inc. | 6610 | &nbsp;&nbsp; 825920 |
| Avery Dennison Corp. | 7895 | &nbsp;&nbsp; 1464601 |
| Ball Corp. | 26643 | &nbsp;&nbsp; 1515187 |
| Eastman Chemical Co. | 11656 | &nbsp;&nbsp; 807994 |
| International Flavors & Fragrances, Inc. | 24722 | &nbsp;&nbsp; 1725843 |
| Nucor Corp. | 22624 | &nbsp;&nbsp; 4020737 |
| Nutrien Ltd. (Canada)<sup>(c)</sup> | 48351 | &nbsp;&nbsp; 3330900 |
| Packaging Corp. of America | 8939 | &nbsp;&nbsp; 1989374 |
| PPG Industries, Inc. | 22645 | &nbsp;&nbsp; 2618441 |
| Reliance, Inc. | 5221 | &nbsp;&nbsp; 1720320 |
| RPM International, Inc. | 13077 | &nbsp;&nbsp; 1398716 |
| Steel Dynamics, Inc. | 14271 | &nbsp;&nbsp; 2562644 |
|  |  | &nbsp;&nbsp; 23980677 |
| **Real Estate-7.95%** | **Real Estate-7.95%** | **Real Estate-7.95%** |
| American Homes 4 Rent, Class A | 37099 | &nbsp;&nbsp; 1161941 |
| CubeSmart | 23564 | &nbsp;&nbsp; 884357 |
| Equity Residential | 37400 | &nbsp;&nbsp; 2330768 |
| Federal Realty Investment Trust | 8633 | &nbsp;&nbsp; 873314 |
| FirstService Corp. (Canada) | 4529 | &nbsp;&nbsp; 703172 |
| Healthpeak Properties, Inc. | 72944 | &nbsp;&nbsp; 1257555 |
| Invitation Homes, Inc. | 60974 | &nbsp;&nbsp; 1629835 |
| Mid-America Apartment Communities, Inc. | 11444 | &nbsp;&nbsp; 1536929 |
| NNN REIT, Inc. | 19730 | &nbsp;&nbsp; 822149 |
| SBA Communications Corp., Class A | 10844 | &nbsp;&nbsp; 1996489 |
| Sun Communities, Inc. | 12514 | &nbsp;&nbsp; 1594659 |
|  |  | &nbsp;&nbsp; 14791168 |
| **Utilities-7.22%** | **Utilities-7.22%** | **Utilities-7.22%** |
| DTE Energy Co. | 21040 | &nbsp;&nbsp; 2827355 |
| Edison International | 38779 | &nbsp;&nbsp; 2415156 |
| Eversource Energy | 38720 | &nbsp;&nbsp; 2676714 |

---

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

------

**Invesco Zacks Mid-Cap ETF (CZA)—(continued)**

January 31, 2026

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Utilities-(continued)** | **Utilities-(continued)** | **Utilities-(continued)** |
| NiSource, Inc. | 48562 | &nbsp;&nbsp; $2150811 |
| PG&E Corp. | 217284 | &nbsp;&nbsp; 3350519 |
|  |  | &nbsp;&nbsp; 13420555 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $171,470,126) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $171,470,126) | &nbsp;&nbsp; 186013920 |
| **Money Market Funds-0.07%** | **Money Market Funds-0.07%** | **Money Market Funds-0.07%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 3.61%<sup>(d)(e)</sup> <br>(Cost $129,645)<br>| 129645 | &nbsp;&nbsp; 129645 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.06% <br>(Cost $171,599,771) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.06% <br>(Cost $171,599,771) | &nbsp;&nbsp; 186143565 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** |
| **Money Market Funds-2.04%** | **Money Market Funds-2.04%** | **Money Market Funds-2.04%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 3.65%<sup>(d)(e)(f)</sup><br>| 1054963 | &nbsp;&nbsp; $1054963 |
| Invesco Private Prime Fund, 3.80%<sup>(d)(e)(f)</sup> | 2737802 | &nbsp;&nbsp; 2738623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $3,793,586) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $3,793,586) | &nbsp;&nbsp; 3793586 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-102.10% <br>(Cost $175,393,357) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-102.10% <br>(Cost $175,393,357) | &nbsp;&nbsp; 189937151 |
| OTHER ASSETS LESS LIABILITIES-(2.10)% | OTHER ASSETS LESS LIABILITIES-(2.10)% | &nbsp;&nbsp; (3905698)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $186031453 |

---

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

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

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

---

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

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**April 30, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain**<br>| **Value** <br>**January 31, 2026**<br>| **Dividend Income** |
| &nbsp;&nbsp; Invesco Ltd. | &nbsp;&nbsp;&nbsp; $697949 | &nbsp;&nbsp;&nbsp; $1287504 | &nbsp;&nbsp;&nbsp; $(1099344)<br>| &nbsp;&nbsp;&nbsp; $284709 | &nbsp;&nbsp;&nbsp; $19954 | &nbsp;&nbsp;&nbsp; $1190772 | &nbsp;&nbsp;&nbsp; $19771 |
| **Investments in Affiliated** <br> **Money Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & <br> Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; 271525 | &nbsp;&nbsp;&nbsp; 4942138 | &nbsp;&nbsp;&nbsp; (5084018)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 129645 | &nbsp;&nbsp;&nbsp; 6457 |
| **Investments Purchased** <br> **with Cash Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; 2187176 | &nbsp;&nbsp;&nbsp; 35877498 | &nbsp;&nbsp;&nbsp; (37009711)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 1054963 | &nbsp;&nbsp;&nbsp; 56,370<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime <br> Fund<br>| &nbsp;&nbsp;&nbsp; 5676467 | &nbsp;&nbsp;&nbsp; 77241014 | &nbsp;&nbsp;&nbsp; (80179851)<br>| &nbsp;&nbsp;&nbsp; 110 | &nbsp;&nbsp;&nbsp; 883 | &nbsp;&nbsp;&nbsp; 2738623 | &nbsp;&nbsp;&nbsp; 152,694<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $8833117 | &nbsp;&nbsp;&nbsp; $119348154 | &nbsp;&nbsp;&nbsp; $(123372924)<br>| &nbsp;&nbsp;&nbsp; $284819 | &nbsp;&nbsp;&nbsp; $20837 | &nbsp;&nbsp;&nbsp; $5114003 | &nbsp;&nbsp;&nbsp; $235292 |

---

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

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

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

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

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

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

------

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

**Invesco Zacks Multi-Asset Income ETF (CVY)**

January 31, 2026

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-80.93%** | **Common Stocks & Other Equity Interests-80.93%** | **Common Stocks & Other Equity Interests-80.93%** |
| **Communication Services-1.24%** | **Communication Services-1.24%** | **Communication Services-1.24%** |
| &nbsp;&nbsp;&nbsp; Tencent Music Entertainment Group, ADR <br> (China)<br>| 20090 | &nbsp;&nbsp; $337110 |
| TIM S.A., ADR (Brazil)<sup>(b)</sup> | 48086 | &nbsp;&nbsp; 1120404 |
|  |  | &nbsp;&nbsp; 1457514 |
| **Consumer Discretionary-10.63%** | **Consumer Discretionary-10.63%** | **Consumer Discretionary-10.63%** |
| ADT, Inc. | 92434 | &nbsp;&nbsp; 739472 |
| Build-A-Bear Workshop, Inc.<sup>(b)</sup> | 22992 | &nbsp;&nbsp; 1372163 |
| Carter's, Inc.<sup>(b)</sup> | 36550 | &nbsp;&nbsp; 1264995 |
| Century Communities, Inc.<sup>(b)</sup> | 18224 | &nbsp;&nbsp; 1147747 |
| Gap, Inc. (The) | 14733 | &nbsp;&nbsp; 412229 |
| Gentex Corp. | 32734 | &nbsp;&nbsp; 753209 |
| Harley-Davidson, Inc.<sup>(b)</sup> | 45582 | &nbsp;&nbsp; 902524 |
| Lear Corp.<sup>(b)</sup> | 6954 | &nbsp;&nbsp; 814244 |
| Leggett & Platt, Inc. | 117377 | &nbsp;&nbsp; 1369790 |
| Lennar Corp., Class A | 2955 | &nbsp;&nbsp; 323129 |
| Meritage Homes Corp. | 10407 | &nbsp;&nbsp; 723391 |
| Perdoceo Education Corp.<sup>(b)</sup> | 39911 | &nbsp;&nbsp; 1278349 |
| Phinia, Inc. | 20364 | &nbsp;&nbsp; 1449306 |
|  |  | &nbsp;&nbsp; 12550548 |
| **Consumer Staples-0.30%** | **Consumer Staples-0.30%** | **Consumer Staples-0.30%** |
| Kroger Co. (The) | 5651 | &nbsp;&nbsp; 355165 |
| **Energy-11.91%** | **Energy-11.91%** | **Energy-11.91%** |
| Alliance Resource Partners L.P. | 46120 | &nbsp;&nbsp; 1098578 |
| APA Corp. | 14885 | &nbsp;&nbsp; 393113 |
| Black Stone Minerals L.P. | 73563 | &nbsp;&nbsp; 1086525 |
| Crescent Energy Co., Class A<sup>(b)</sup> | 119428 | &nbsp;&nbsp; 1166811 |
| Devon Energy Corp. | 10113 | &nbsp;&nbsp; 406644 |
| Energy Transfer L.P. | 55364 | &nbsp;&nbsp; 1021466 |
| Enterprise Products Partners L.P. | 24611 | &nbsp;&nbsp; 816839 |
| Genesis Energy L.P. | 32976 | &nbsp;&nbsp; 547731 |
| Global Partners L.P. | 19689 | &nbsp;&nbsp; 929714 |
| Halliburton Co. | 14205 | &nbsp;&nbsp; 476152 |
| Matador Resources Co. | 17650 | &nbsp;&nbsp; 798486 |
| MPLX L.P. | 17820 | &nbsp;&nbsp; 996138 |
| Ovintiv, Inc. | 9180 | &nbsp;&nbsp; 399055 |
| Plains All American Pipeline L.P. | 60983 | &nbsp;&nbsp; 1173313 |
| SM Energy Co.<sup>(b)</sup> | 39572 | &nbsp;&nbsp; 770467 |
| Sunoco L.P. | 14286 | &nbsp;&nbsp; 822588 |
| Western Midstream Partners L.P. | 27906 | &nbsp;&nbsp; 1156983 |
|  |  | &nbsp;&nbsp; 14060603 |
| **Financials-27.76%** | **Financials-27.76%** | **Financials-27.76%** |
| Allstate Corp. (The) | 1717 | &nbsp;&nbsp; 341666 |
| American International Group, Inc. | 4855 | &nbsp;&nbsp; 363542 |
| AXIS Capital Holdings Ltd. | 7325 | &nbsp;&nbsp; 755794 |
| &nbsp;&nbsp;&nbsp; Banco Bilbao Vizcaya Argentaria S.A., ADR <br> (Spain)<br>| 53002 | &nbsp;&nbsp; 1347311 |
| Banco Bradesco S.A., ADR (Brazil)<sup>(b)</sup> | 85825 | &nbsp;&nbsp; 347591 |
| Banco Santander S.A., ADR (Spain) | 73127 | &nbsp;&nbsp; 932369 |
| BOK Financial Corp.<sup>(b)</sup> | 9987 | &nbsp;&nbsp; 1297711 |
| CNO Financial Group, Inc. | 26793 | &nbsp;&nbsp; 1126646 |
| Commerce Bancshares, Inc.<sup>(b)</sup> | 14321 | &nbsp;&nbsp; 753857 |
| Corebridge Financial, Inc. | 12790 | &nbsp;&nbsp; 394316 |
| East West Bancorp, Inc. | 6994 | &nbsp;&nbsp; 800393 |
| Ellington Financial, Inc. | 18441 | &nbsp;&nbsp; 236967 |
| Equitable Holdings, Inc. | 8009 | &nbsp;&nbsp; 371618 |
| Essent Group Ltd. | 17506 | &nbsp;&nbsp; 1101478 |
| Grupo Cibest S.A., ADR (Colombia) | 18066 | &nbsp;&nbsp; 1475089 |
| Hanover Insurance Group, Inc. (The) | 5938 | &nbsp;&nbsp; 1034043 |
| ING Groep N.V., ADR (Netherlands) | 43934 | &nbsp;&nbsp; 1291220 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Financials-(continued)** | **Financials-(continued)** | **Financials-(continued)** |
| Itau Unibanco Holding S.A., ADR (Brazil)<sup>(b)</sup> | 23340 | &nbsp;&nbsp; $200491 |
| Jackson Financial, Inc., Class A | 7709 | &nbsp;&nbsp; 916754 |
| JPMorgan Chase & Co. | 1224 | &nbsp;&nbsp; 374409 |
| Kemper Corp. | 27928 | &nbsp;&nbsp; 1100642 |
| Lincoln National Corp.<sup>(b)</sup> | 18079 | &nbsp;&nbsp; 752267 |
| &nbsp;&nbsp;&nbsp; Lloyds Banking Group PLC, ADR (United <br> Kingdom)<sup>(b)</sup><br>| 236207 | &nbsp;&nbsp; 1410156 |
| Marex Group PLC (United Kingdom) | 33660 | &nbsp;&nbsp; 1328897 |
| MetLife, Inc. | 4850 | &nbsp;&nbsp; 382568 |
| MGIC Investment Corp. | 25889 | &nbsp;&nbsp; 696932 |
| Old National Bancorp | 34304 | &nbsp;&nbsp; 838047 |
| Popular, Inc. | 6462 | &nbsp;&nbsp; 862871 |
| Radian Group, Inc. | 31220 | &nbsp;&nbsp; 1027138 |
| Reinsurance Group of America, Inc. | 3895 | &nbsp;&nbsp; 789711 |
| Selective Insurance Group, Inc. | 14014 | &nbsp;&nbsp; 1178297 |
| ServisFirst Bancshares, Inc. | 15637 | &nbsp;&nbsp; 1279888 |
| SLM Corp. | 25816 | &nbsp;&nbsp; 700904 |
| SouthState Bank Corp. | 8347 | &nbsp;&nbsp; 854149 |
| Synchrony Financial | 4893 | &nbsp;&nbsp; 355379 |
| Unum Group | 4820 | &nbsp;&nbsp; 366175 |
| Virtu Financial, Inc., Class A | 32251 | &nbsp;&nbsp; 1338739 |
| Voya Financial, Inc. | 10420 | &nbsp;&nbsp; 798797 |
| Webster Financial Corp. | 12587 | &nbsp;&nbsp; 827847 |
| Western Alliance Bancorporation | 4605 | &nbsp;&nbsp; 410536 |
|  |  | &nbsp;&nbsp; 32763205 |
| **Health Care-2.55%** | **Health Care-2.55%** | **Health Care-2.55%** |
| Cigna Group (The) | 1343 | &nbsp;&nbsp; 368130 |
| CONMED Corp. | 25265 | &nbsp;&nbsp; 969923 |
| Elevance Health, Inc. | 1106 | &nbsp;&nbsp; 382389 |
| Royalty Pharma PLC, Class A | 9174 | &nbsp;&nbsp; 382372 |
| Viatris, Inc. | 68998 | &nbsp;&nbsp; 903184 |
|  |  | &nbsp;&nbsp; 3005998 |
| **Industrials-7.47%** | **Industrials-7.47%** | **Industrials-7.47%** |
| Concentrix Corp. | 30946 | &nbsp;&nbsp; 1155833 |
| Fortune Brands Innovations, Inc.<sup>(b)</sup> | 15471 | &nbsp;&nbsp; 836981 |
| Icahn Enterprises L.P. | 142814 | &nbsp;&nbsp; 1111093 |
| LATAM Airlines Group S.A., ADR (Chile)<sup>(b)</sup> | 12101 | &nbsp;&nbsp; 796367 |
| Owens Corning | 3471 | &nbsp;&nbsp; 415965 |
| Pitney Bowes, Inc.<sup>(b)</sup> | 112547 | &nbsp;&nbsp; 1173865 |
| Ryder System, Inc. | 4291 | &nbsp;&nbsp; 820782 |
| Timken Co. (The) | 13692 | &nbsp;&nbsp; 1275958 |
| WillScot Holdings Corp.<sup>(b)</sup> | 61631 | &nbsp;&nbsp; 1234469 |
|  |  | &nbsp;&nbsp; 8821313 |
| **Information Technology-2.25%** | **Information Technology-2.25%** | **Information Technology-2.25%** |
| CDW Corp. | 2560 | &nbsp;&nbsp; 323558 |
| Dell Technologies, Inc., Class C | 2856 | &nbsp;&nbsp; 326841 |
| Gen Digital, Inc. | 27889 | &nbsp;&nbsp; 669057 |
| &nbsp;&nbsp;&nbsp; Silicon Motion Technology Corp., ADR <br> (Taiwan)<br>| 11186 | &nbsp;&nbsp; 1330351 |
|  |  | &nbsp;&nbsp; 2649807 |
| **Materials-6.22%** | **Materials-6.22%** | **Materials-6.22%** |
| &nbsp;&nbsp;&nbsp; ArcelorMittal S.A., New York Shares <br> (Luxembourg)<sup>(b)</sup><br>| 11668 | &nbsp;&nbsp; 629722 |
| B2Gold Corp. (Canada) | 87447 | &nbsp;&nbsp; 428490 |
| Ball Corp. | 7468 | &nbsp;&nbsp; 424705 |
| Cabot Corp. | 17699 | &nbsp;&nbsp; 1277691 |
| CEMEX S.A.B. de C.V., ADR (Mexico) | 34689 | &nbsp;&nbsp; 432919 |
| CF Industries Holdings, Inc. | 4678 | &nbsp;&nbsp; 436130 |
| &nbsp;&nbsp;&nbsp; Compania de Minas Buenaventura S.A.A., <br> ADR (Peru)<br>| 20479 | &nbsp;&nbsp; 701611 |

---

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

------

**Invesco Zacks Multi-Asset Income ETF (CVY)—(continued)**

January 31, 2026

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Materials-(continued)** | **Materials-(continued)** | **Materials-(continued)** |
| Graphic Packaging Holding Co.<sup>(b)</sup> | 46217 | &nbsp;&nbsp; $677079 |
| Methanex Corp. (Canada) | 31672 | &nbsp;&nbsp; 1511388 |
| Silgan Holdings, Inc. | 18948 | &nbsp;&nbsp; 817606 |
|  |  | &nbsp;&nbsp; 7337341 |
| **Real Estate-9.03%** | **Real Estate-9.03%** | **Real Estate-9.03%** |
| Broadstone Net Lease, Inc. | 22455 | &nbsp;&nbsp; 415642 |
| CareTrust REIT, Inc.<sup>(b)</sup> | 26359 | &nbsp;&nbsp; 984245 |
| First Industrial Realty Trust, Inc. | 13287 | &nbsp;&nbsp; 771045 |
| Healthcare Realty Trust, Inc. | 56116 | &nbsp;&nbsp; 942188 |
| Kilroy Realty Corp. | 20203 | &nbsp;&nbsp; 696599 |
| LXP Industrial Trust | 9831 | &nbsp;&nbsp; 487126 |
| Macerich Co. (The)<sup>(b)</sup> | 29841 | &nbsp;&nbsp; 564890 |
| NETSTREIT Corp.<sup>(b)</sup> | 16823 | &nbsp;&nbsp; 316945 |
| Omega Healthcare Investors, Inc. | 22269 | &nbsp;&nbsp; 977164 |
| Outfront Media, Inc. | 16924 | &nbsp;&nbsp; 411592 |
| Prologis, Inc. | 8651 | &nbsp;&nbsp; 1129475 |
| Rexford Industrial Realty, Inc. | 26800 | &nbsp;&nbsp; 1086204 |
| STAG Industrial, Inc.<sup>(b)</sup> | 19877 | &nbsp;&nbsp; 745586 |
| W.P. Carey, Inc. | 16279 | &nbsp;&nbsp; 1135460 |
|  |  | &nbsp;&nbsp; 10664161 |
| **Utilities-1.57%** | **Utilities-1.57%** | **Utilities-1.57%** |
| AXIA Energia, ADR (Brazil)<sup>(b)</sup> | 95793 | &nbsp;&nbsp; 988584 |
| Suburban Propane Partners L.P. | 43104 | &nbsp;&nbsp; 869407 |
|  |  | &nbsp;&nbsp; 1857991 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $81,421,516) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $81,421,516) | &nbsp;&nbsp; 95523646 |
| **Preferred Stocks-9.59%** | **Preferred Stocks-9.59%** | **Preferred Stocks-9.59%** |
| **Financials-8.32%** | **Financials-8.32%** | **Financials-8.32%** |
| &nbsp;&nbsp;&nbsp; Apollo Global Management, Inc., Conv. Pfd., <br> 6.75%<br>| 17544 | &nbsp;&nbsp; 1217027 |
| &nbsp;&nbsp;&nbsp; Ares Management Corp., Series B, Conv. <br> Pfd., 6.75%<br>| 25007 | &nbsp;&nbsp; 1196085 |
| &nbsp;&nbsp;&nbsp; Bank of America Corp., Series L, Conv. Pfd., <br> 7.25%<br>| 963 | &nbsp;&nbsp; 1199898 |
| &nbsp;&nbsp;&nbsp; Bank of America Corp., Series QQ, Pfd., <br> 4.25%<br>| 36281 | &nbsp;&nbsp; 641085 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., Series JJ, Pfd., <br> 4.55%<br>| 30244 | &nbsp;&nbsp; 591875 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., Series LL, Pfd., <br> 4.63%<br>| 46701 | &nbsp;&nbsp; 929350 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., Series MM, Pfd., <br> 4.20%<br>| 39253 | &nbsp;&nbsp; 729321 |
| KKR & Co., Inc., Series D, Conv. Pfd., 6.25% | 24987 | &nbsp;&nbsp; 1222864 |
| Morgan Stanley, Series O, Pfd., 4.25%<sup>(b)</sup> | 25176 | &nbsp;&nbsp; 449392 |
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co., Class A, Series L, Conv. <br> Pfd., 7.50%<br>| 969 | &nbsp;&nbsp; 1195707 |
| Wells Fargo & Co., Series CC, Pfd., 4.38% | 24719 | &nbsp;&nbsp; 452110 |
|  |  | &nbsp;&nbsp; 9824714 |
| **Industrials-1.27%** | **Industrials-1.27%** | **Industrials-1.27%** |
| Boeing Co. (The), Conv. Pfd., 6.00% | 20039 | &nbsp;&nbsp; 1497314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Preferred Stocks <br>(Cost $11,489,685) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Preferred Stocks <br>(Cost $11,489,685) | &nbsp;&nbsp; 11322028 |
| **Closed-End Funds-9.29%** | **Closed-End Funds-9.29%** | **Closed-End Funds-9.29%** |
| abrdn Income Credit Strategies Fund<sup>(b)</sup> | 115132 | &nbsp;&nbsp; 644739 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| Allspring Income Opportunities Fund | 30646 | &nbsp;&nbsp; $209925 |
| &nbsp;&nbsp;&nbsp; Barings Global Short Duration High Yield <br> Fund<br>| 20412 | &nbsp;&nbsp; 308221 |
| &nbsp;&nbsp;&nbsp; Blackstone Strategic Credit 2027 Term <br> Fund<sup>(b)</sup><br>| 27163 | &nbsp;&nbsp; 319980 |
| DoubleLine Yield Opportunities Fund<sup>(b)</sup> | 43854 | &nbsp;&nbsp; 649478 |
| Eagle Point Credit Co., Inc.<sup>(b)</sup> | 202244 | &nbsp;&nbsp; 1096162 |
| &nbsp;&nbsp;&nbsp; Flaherty & Crumrine Preferred & Income <br> Securities Fund, Inc.<br>| 21367 | &nbsp;&nbsp; 356829 |
| FS Credit Opportunities Corp.<sup>(b)</sup> | 192229 | &nbsp;&nbsp; 1166830 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Emerging Markets Domestic <br> Debt Fund, Inc.<sup>(b)</sup><br>| 60307 | &nbsp;&nbsp; 352796 |
| Nuveen Credit Strategies Income Fund<sup>(b)</sup> | 148853 | &nbsp;&nbsp; 768081 |
| Nuveen Floating Rate Income Fund<sup>(b)</sup> | 132827 | &nbsp;&nbsp; 1045349 |
| &nbsp;&nbsp;&nbsp; Nuveen Preferred & Income Opportunities <br> Fund<sup>(b)</sup><br>| 150985 | &nbsp;&nbsp; 1232038 |
| Nuveen Taxable Municipal Income Fund | 11591 | &nbsp;&nbsp; 185224 |
| PGIM High Yield Bond Fund, Inc. | 15930 | &nbsp;&nbsp; 232578 |
| Tortoise Energy Infrastructure Corp. | 12752 | &nbsp;&nbsp; 568102 |
| Western Asset Diversified Income Fund<sup>(b)</sup> | 34588 | &nbsp;&nbsp; 480773 |
| &nbsp;&nbsp;&nbsp; Western Asset Emerging Markets Debt Fund, <br> Inc.<br>| 35881 | &nbsp;&nbsp; 390385 |
| Western Asset High Income Fund II, Inc. | 62654 | &nbsp;&nbsp; 265653 |
| &nbsp;&nbsp;&nbsp; Western Asset High Income Opportunity <br> Fund, Inc.<br>| 84263 | &nbsp;&nbsp; 317672 |
| &nbsp;&nbsp;&nbsp; Western Asset Inflation-Linked Opportunities <br> & Income Fund<br>| 43675 | &nbsp;&nbsp; 376042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Closed-End Funds <br>(Cost $11,044,529) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Closed-End Funds <br>(Cost $11,044,529) | &nbsp;&nbsp; 10966857 |
| **Money Market Funds-0.12%** | **Money Market Funds-0.12%** | **Money Market Funds-0.12%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 3.61%<sup>(c)(d)</sup> <br>(Cost $141,305)<br>| 141305 | &nbsp;&nbsp; 141305 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.93% <br>(Cost $104,097,035) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.93% <br>(Cost $104,097,035) | &nbsp;&nbsp; 117953836 |
| **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** |
| **Money Market Funds-15.42%** | **Money Market Funds-15.42%** | **Money Market Funds-15.42%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 3.65%<sup>(c)(d)(e)</sup><br>| 5060728 | &nbsp;&nbsp; 5060728 |
| Invesco Private Prime Fund, 3.80%<sup>(c)(d)(e)</sup> | 13134174 | &nbsp;&nbsp; 13138114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $18,198,842) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $18,198,842) | &nbsp;&nbsp; 18198842 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-115.35% <br>(Cost $122,295,877) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-115.35% <br>(Cost $122,295,877) | &nbsp;&nbsp; 136152678 |
| OTHER ASSETS LESS LIABILITIES-(15.35)% | OTHER ASSETS LESS LIABILITIES-(15.35)% | &nbsp;&nbsp; (18117483)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $118035195 |

---

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

------

**Invesco Zacks Multi-Asset Income ETF (CVY)—(continued)**

January 31, 2026

*(Unaudited)*

---

| | |
|:---|:---|
| Investment Abbreviations: | Investment Abbreviations: |
| ADR | -American Depositary Receipt |
| Conv. | -Convertible |
| Pfd. | -Preferred |
| REIT | -Real Estate Investment Trust |

---

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

---

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

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**April 30, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain**<br>| **Value** <br>**January 31, 2026**<br>| **Dividend Income** |
| **Investments in Affiliated** <br> **Money Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & <br> Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; $41902 | &nbsp;&nbsp;&nbsp; $5688640 | &nbsp;&nbsp;&nbsp; $(5589237)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $141305 | &nbsp;&nbsp;&nbsp; $5005 |
| **Investments Purchased** <br> **with Cash Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; 5331054 | &nbsp;&nbsp;&nbsp; 51955494 | &nbsp;&nbsp;&nbsp; (52225820)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 5060728 | &nbsp;&nbsp;&nbsp; 137,911<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp; 13870132 | &nbsp;&nbsp;&nbsp; 94309368 | &nbsp;&nbsp;&nbsp; (95042201)<br>| &nbsp;&nbsp;&nbsp; 757 | &nbsp;&nbsp;&nbsp; 58 | &nbsp;&nbsp;&nbsp; 13138114 | &nbsp;&nbsp;&nbsp; 371,800<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $19243088 | &nbsp;&nbsp;&nbsp; $151953502 | &nbsp;&nbsp;&nbsp; $(152857258)<br>| &nbsp;&nbsp;&nbsp; $757 | &nbsp;&nbsp;&nbsp; $58 | &nbsp;&nbsp;&nbsp; $18340147 | &nbsp;&nbsp;&nbsp; $514716 |

---

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

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

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

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

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

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

------

**Notes to Quarterly Schedules of Portfolio Holdings**

January 31, 2026

*(Unaudited)*

**NOTE 1—Additional Valuation Information**

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

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

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

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

The following is a summary of the tiered valuation input levels, as of January 31, 2026, for each Fund (except for Invesco Large Cap Value ETF and Invesco S&P 100 Equal Weight ETF). As of January 31, 2026, all of the securities in Invesco Large Cap Value ETF and Invesco S&P 100 Equal Weight ETF were valued based on Level 1 inputs (see the Schedules of Investments for security categories). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| &nbsp;&nbsp; Invesco Large Cap Growth ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $1521385147 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $1521385147 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 541860 | &nbsp;&nbsp;&nbsp; 48840100 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 49381960 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $1521927007 | &nbsp;&nbsp;&nbsp; $48840100 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $1570767107 |
| &nbsp;&nbsp; Invesco S&P 500 GARP ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $2405314953 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $2405314953 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 1314667 | &nbsp;&nbsp;&nbsp; 113864332 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 115178999 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $2406629620 | &nbsp;&nbsp;&nbsp; $113864332 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $2520493952 |
| &nbsp;&nbsp; Invesco S&P 500 Value with Momentum ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $108819107 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $108819107 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 142971 | &nbsp;&nbsp;&nbsp; 732533 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 875504 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $108962078 | &nbsp;&nbsp;&nbsp; $732533 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $109694611 |
| &nbsp;&nbsp; Invesco S&P MidCap Momentum ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $5217092691 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $5217092691 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 4460318 | &nbsp;&nbsp;&nbsp; 605126210 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 609586528 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $5221553009 | &nbsp;&nbsp;&nbsp; $605126210 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $5826679219 |
| &nbsp;&nbsp; Invesco S&P MidCap Quality ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $5256727694 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $5256727694 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 1096777 | &nbsp;&nbsp;&nbsp; 342268238 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 343365015 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $5257824471 | &nbsp;&nbsp;&nbsp; $342268238 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $5600092709 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| &nbsp;&nbsp; Invesco S&P MidCap Value with Momentum ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $375398598 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $375398598 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 458584 | &nbsp;&nbsp;&nbsp; 18509707 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 18968291 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $375857182 | &nbsp;&nbsp;&nbsp; $18509707 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $394366889 |
| &nbsp;&nbsp; Invesco S&P SmallCap Momentum ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $2222331038 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $2222331038 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 355315041 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 355315041 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $2222331038 | &nbsp;&nbsp;&nbsp; $355315041 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $2577646079 |
| &nbsp;&nbsp; Invesco S&P SmallCap Value with Momentum ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $577593312 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $577593312 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 284147 | &nbsp;&nbsp;&nbsp; 108381585 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 108665732 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $577877459 | &nbsp;&nbsp;&nbsp; $108381585 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $686259044 |
| &nbsp;&nbsp; Invesco Zacks Mid-Cap ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $186013920 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $186013920 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 129645 | &nbsp;&nbsp;&nbsp; 3793586 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 3923231 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $186143565 | &nbsp;&nbsp;&nbsp; $3793586 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $189937151 |
| &nbsp;&nbsp; Invesco Zacks Multi-Asset Income ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $95523646 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $95523646 |
| &nbsp;&nbsp;&nbsp; Preferred Stocks | &nbsp;&nbsp;&nbsp; 11322028 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 11322028 |
| &nbsp;&nbsp;&nbsp; Closed-End Funds | &nbsp;&nbsp;&nbsp; 10966857 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 10966857 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 141305 | &nbsp;&nbsp;&nbsp; 18198842 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 18340147 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $117953836 | &nbsp;&nbsp;&nbsp; $18198842 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $136152678 |

---

------

## 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 Value with Momentum ETF

- **b. EDGAR series identifier (if any):** S000032769

- **c. LEI of Series:** 549300GS85JGYJIJAH53

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $109782241.66

**Total Liabilities:** $844175.27

**Net Assets:** $108938066.39

**Cash Not Reported:** $3513.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000101128 | 3.82%                | 1.37%                | 3.13%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-159.67                 | $3076383.52                                |
| Month 2  | $2071888.52              | $-1098444.20                               |
| Month 3  | $0.00                    | $3005209.68                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Hewlett Packard Enterprise Co.           | Hewlett Packard Enterprise Co.                             | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |     51465 | NS      | $1107526.80   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson PLC                 | Willis Towers Watson PLC                                   | CUSIP: G96629103<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | IE        |      2253 | NS      | $715259.91    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd.                               | Chubb Ltd.                                                 | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |      3997 | NS      | $1237311.32   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc.                            | NiSource Inc.                                              | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |     16404 | NS      | $726533.16    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc.                                | AT&T Inc.                                                  | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     59789 | NS      | $1567069.69   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co.                         | Baker Hughes Co., Class A                                  | CUSIP: 05722G100<br>LEI: 549300XU3XH6F05YEQ93 | Long             | EC               | CORP              | US        |     17346 | NS      | $972069.84    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Assurant, Inc.                           | Assurant, Inc.                                             | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |      5587 | NS      | $1330432.31   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc.                     | VICI Properties Inc.                                       | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |     48619 | NS      | $1365221.52   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)          | Goldman Sachs Group, Inc. (The)                            | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |       854 | NS      | $798840.14    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group, Inc. (The) | PNC Financial Services Group, Inc. (The)                   | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |      5724 | NS      | $1278169.20   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy, Inc.                             | Evergy, Inc.                                               | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |     11330 | NS      | $869350.90    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp.                                | EQT Corp.                                                  | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |     14317 | NS      | $826520.41    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Dell Technologies Inc.                   | Dell Technologies Inc., Class C                            | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |      4785 | NS      | $547595.40    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corp.                                | Fox Corp., Class A                                         | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |     13250 | NS      | $964335.00    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmos Energy Corp.                       | Atmos Energy Corp.                                         | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |      3924 | NS      | $652718.16    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies, Inc.                  | Uber Technologies, Inc.                                    | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |      9394 | NS      | $751989.70    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group, Inc.       | American International Group, Inc.                         | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |     18118 | NS      | $1356675.84   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life Inc.                          | Globe Life Inc.                                            | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |      9539 | NS      | $1337558.58   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                    | Bank of America Corp.                                      | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     19721 | NS      | $1049157.20   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp. (The)                     | Allstate Corp. (The)                                       | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |      7666 | NS      | $1525457.34   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Co.               | Archer-Daniels-Midland Co.                                 | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |     30796 | NS      | $2072878.76   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp.                   | Truist Financial Corp.                                     | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |     28602 | NS      | $1470714.84   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Government & Agency Portfolio    | Invesco Government & Agency Portfolio, Institutional Class | CUSIP: 825252885<br>LEI: 5493007T1J7WZ5QI1A47 | Long             | STIV             | RF                | US        |    142971 | NS      | $142971.18    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health, Inc.                    | Cardinal Health, Inc.                                      | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |      5403 | NS      | $1160996.64   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliant Energy Corp.                     | Alliant Energy Corp.                                       | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |     10118 | NS      | $666877.38    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp.                         | CVS Health Corp.                                           | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |     18696 | NS      | $1393225.92   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Private Government Fund          | Invesco Private Government Fund                            | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |    203675 | NS      | $203675.39    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Ameren Corp.                             | Ameren Corp.                                               | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |      7479 | NS      | $772431.12    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Private Prime Fund               | Invesco Private Prime Fund                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |    528858 | NS      | $528857.61    | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                      | Fifth Third Bancorp                                        | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |     23524 | NS      | $1181375.28   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Resources, Inc.                 | Franklin Resources, Inc.                                   | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |     55484 | NS      | $1476984.08   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co.                        | Genuine Parts Co.                                          | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |      7178 | NS      | $997670.22    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Insurance Group, Inc. (The)     | Hartford Insurance Group, Inc. (The)                       | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |      9330 | NS      | $1260109.80   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| W. R. Berkley Corp.                      | W. R. Berkley Corp.                                        | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |     11843 | NS      | $812192.94    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Kroger Co. (The)                         | Kroger Co. (The)                                           | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |     24127 | NS      | $1516381.95   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Loews Corp.                              | Loews Corp.                                                | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |     12961 | NS      | $1368292.77   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy, Inc.                    | Dominion Energy, Inc.                                      | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |     13285 | NS      | $799358.45    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Inc.                   | Quest Diagnostics Inc.                                     | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |      3911 | NS      | $731474.33    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corp.                                | PPL Corp.                                                  | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |     22252 | NS      | $806635.00    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co., Inc.        | American Electric Power Co., Inc.                          | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |      6992 | NS      | $837466.80    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                           | Morgan Stanley                                             | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      4012 | NS      | $733393.60    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics, Inc.                     | Steel Dynamics, Inc.                                       | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |      4619 | NS      | $829433.83    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp.                      | Expand Energy Corp.                                        | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |      6512 | NS      | $732013.92    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co.                        | Wells Fargo & Co.                                          | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     11247 | NS      | $1017741.03   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp.                   | General Dynamics Corp.                                     | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      1917 | NS      | $673039.53    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Snap-on Inc.                             | Snap-on Inc.                                               | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |      1980 | NS      | $724897.80    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co.                   | Southwest Airlines Co.                                     | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |     22988 | NS      | $1092389.76   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp.                       | State Street Corp.                                         | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |      9420 | NS      | $1232701.20   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions Corp.     | Cognizant Technology Solutions Corp., Class A              | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |     10037 | NS      | $823636.22    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Services, Inc.          | Universal Health Services, Inc., Class B                   | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |      5967 | NS      | $1200918.42   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp.                      | Valero Energy Corp.                                        | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |      7084 | NS      | $1285250.12   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co. (The)                    | Walt Disney Co. (The)                                      | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |      9624 | NS      | $1085587.20   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.              | Verizon Communications Inc.                                | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     37891 | NS      | $1686907.32   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Co.                           | Ford Motor Co.                                             | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |    167959 | NS      | $2331270.92   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp.                     | Dollar General Corp.                                       | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |      9407 | NS      | $1349246.01   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp.                             | Exelon Corp.                                               | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |     23226 | NS      | $1040060.28   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                     | JPMorgan Chase & Co.                                       | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      2486 | NS      | $760442.54    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bancorp                             | U.S. Bancorp                                               | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |     24014 | NS      | $1347425.54   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros. Discovery, Inc.             | Warner Bros. Discovery, Inc.                               | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |     22988 | NS      | $633089.52    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora, Inc.                            | Cencora, Inc.                                              | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      3093 | NS      | $1111067.46   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                            | Chevron Corp.                                              | CUSIP: 166764100<br>LEI: LJOF0JWZSCIUPEC3LQ45 | Long             | EC               | CORP              | US        |      6668 | NS      | $1179569.20   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co.                       | General Motors Co.                                         | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |     26406 | NS      | $2218104.00   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan, Inc.                      | Kinder Morgan, Inc.                                        | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |     27670 | NS      | $843658.30    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Ingalls Industries, Inc.      | Huntington Ingalls Industries, Inc.                        | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |      2902 | NS      | $1220320.02   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.              | Capital One Financial Corp.                                | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      2952 | NS      | $646281.36    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Global S.A.                        | Bunge Global S.A.                                          | CUSIP: H11356104<br>LEI: 254900IVXSV9K0B7PO26 | Long             | EC               | CORP              | CH        |     24428 | NS      | $2781860.64   | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp.                 | Marathon Petroleum Corp.                                   | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |      6957 | NS      | $1225753.83   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Ltd.                             | Invesco Ltd.                                               | CUSIP: G491BT108<br>LEI: ECPGFXU8A2SHKVVGJI15 | Long             | EC               | CORP              | BM        |     50823 | NS      | $1386959.67   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Labcorp Holdings Inc.                    | Labcorp Holdings Inc.                                      | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2764 | NS      | $750481.28    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Carnival Corp.                           | Carnival Corp.                                             | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | EC               | CORP              | PA        |     39447 | NS      | $1184198.94   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Super Micro Computer, Inc.               | Super Micro Computer, Inc.                                 | CUSIP: 86800U302<br>LEI: 54930022CZO1N2UGVW07 | Long             | EC               | CORP              | US        |     23677 | NS      | $689237.47    | 0.63%             |  |  |  | No            |                  1 | On Loan: —       |
| Aptiv PLC                                | Aptiv PLC                                                  | CUSIP: G3265R107<br>LEI: 254900HTTDFIJZ32GX53 | Long             | EC               | CORP              | JE        |     11423 | NS      | $865292.25    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                              | Phillips 66                                                | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |      9577 | NS      | $1374874.12   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp.                        | Duke Energy Corp.                                          | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |      7190 | NS      | $872506.50    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                           | Citigroup Inc.                                             | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     12337 | NS      | $1427514.27   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp.                        | FirstEnergy Corp.                                          | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |     18576 | NS      | $879387.84    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Skydance Corp.                 | Paramount Skydance Corp.                                   | CUSIP: 69932A204<br>LEI: 529900B6VAJG54Y9QF02 | Long             | EC               | CORP              | US        |     80503 | NS      | $902438.63    | 0.83%             |  |  |  | No            |                  1 | On Loan: —       |
| DTE Energy Co.                           | DTE Energy Co.                                             | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |      6138 | NS      | $824824.44    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corp.                  | Regions Financial Corp.                                    | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |     47793 | NS      | $1362100.50   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison, Inc.                | Consolidated Edison, Inc.                                  | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |     10827 | NS      | $1154483.01   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp.                         | CMS Energy Corp.                                           | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |      9703 | NS      | $693667.47    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp.                           | McKesson Corp.                                             | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      1395 | NS      | $1159537.95   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cincinnati Financial Corp.               | Cincinnati Financial Corp.                                 | CUSIP: 172062101<br>LEI: 254900Q4WEDMZBOZ0002 | Long             | EC               | CORP              | US        |      7032 | NS      | $1131378.48   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| News Corp.                               | News Corp., Class A                                        | CUSIP: 65249B109<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |     32080 | NS      | $867122.40    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Inc.               | Huntington Bancshares Inc.                                 | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |     75778 | NS      | $1324599.44   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle West Capital Corp.              | Pinnacle West Capital Corp.                                | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |     11721 | NS      | $1096616.76   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife, Inc.                            | MetLife, Inc.                                              | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |     17536 | NS      | $1383239.68   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc.                         | Xcel Energy Inc.                                           | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |      8759 | NS      | $666209.54    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp.                            | Newmont Corp.                                              | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |      8224 | NS      | $923966.40    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Aflac Inc.                               | Aflac Inc.                                                 | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |      8628 | NS      | $957276.60    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| CenterPoint Energy, Inc.                 | CenterPoint Energy, Inc.                                   | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |     17628 | NS      | $699655.32    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Trust Corp.                     | Northern Trust Corp.                                       | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |      6493 | NS      | $970248.99    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings, Inc.                    | Leidos Holdings, Inc.                                      | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |      3926 | NS      | $739187.28    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp.                      | Realty Income Corp.                                        | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |     11691 | NS      | $715021.56    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar Tree, Inc.                        | Dollar Tree, Inc.                                          | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |      5402 | NS      | $635221.18    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines Holdings, Inc.           | United Airlines Holdings, Inc.                             | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |     15260 | NS      | $1561403.20   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                      | Synchrony Financial                                        | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |     15459 | NS      | $1122787.17   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group, Inc.           | Citizens Financial Group, Inc.                             | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |     22624 | NS      | $1424859.52   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos., Inc. (The)               | Travelers Cos., Inc. (The)                                 | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |      4357 | NS      | $1239610.07   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial, Inc.            | Raymond James Financial, Inc.                              | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |      5199 | NS      | $862306.14    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                        | Eversource Energy                                          | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |     14958 | NS      | $1034046.54   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.                  | Berkshire Hathaway Inc., Class B                           | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      2006 | NS      | $963943.18    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp. (The)      | Bank of New York Mellon Corp. (The)                        | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |      7188 | NS      | $861984.96    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Vice President