# EDGAR Filing Document

**Accession Number:** 0001378872
**File Stem:** 0001378872-26-000279
**Filing Date:** 2026-1
**Character Count:** 355774
**Document Hash:** 8dea019c6a64d562a27607ebd5079b62
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001378872-26-000279.hdr.sgml**: 20260128

**ACCESSION NUMBER**: 0001378872-26-000279

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260128

**DATE AS OF CHANGE**: 20260128

**PERIOD START**: 20260831

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21977
- **FILM NUMBER:** 26571904

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

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

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

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

## Series and Classes Contracts Data

### Invesco S&P SmallCap 600 Revenue ETF (Series ID: S000064596)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000209113 | Invesco S&P SmallCap 600 Revenue ETF | RWJ             |

## Nport-Ex

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

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

November 30, 2025

*(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-7.43%** | **Communication Services-7.43%** | **Communication Services-7.43%** |
| Alphabet, Inc., Class A | 291532 | &nbsp;&nbsp; $93342716 |
| Alphabet, Inc., Class C | 291087 | &nbsp;&nbsp; 93182770 |
| AT&T, Inc. | 1595886 | &nbsp;&nbsp; 41524954 |
| Charter Communications, Inc., Class A<sup>(b)(c)</sup> | 78836 | &nbsp;&nbsp; 15776660 |
| Comcast Corp., Class A | 1394410 | &nbsp;&nbsp; 37216803 |
| Electronic Arts, Inc. | 16447 | &nbsp;&nbsp; 3322787 |
| Fox Corp., Class A<sup>(c)</sup> | 53337 | &nbsp;&nbsp; 3493574 |
| Fox Corp., Class B | 58942 | &nbsp;&nbsp; 3433961 |
| Live Nation Entertainment, Inc.<sup>(b)(c)</sup> | 52037 | &nbsp;&nbsp; 6840264 |
| Match Group, Inc. | 34166 | &nbsp;&nbsp; 1138070 |
| Meta Platforms, Inc., Class A | 89352 | &nbsp;&nbsp; 57895628 |
| Netflix, Inc.<sup>(b)</sup> | 124830 | &nbsp;&nbsp; 13429211 |
| News Corp., Class A | 58167 | &nbsp;&nbsp; 1493729 |
| News Corp., Class B<sup>(c)</sup> | 53024 | &nbsp;&nbsp; 1560496 |
| Omnicom Group, Inc.<sup>(c)</sup> | 78344 | &nbsp;&nbsp; 5610997 |
| Paramount Skydance Corp.<sup>(c)</sup> | 715682 | &nbsp;&nbsp; 11465226 |
| Take-Two Interactive Software, Inc.<sup>(b)</sup> | 8932 | &nbsp;&nbsp; 2197897 |
| TKO Group Holdings, Inc. | 7494 | &nbsp;&nbsp; 1453012 |
| T-Mobile US, Inc. | 131315 | &nbsp;&nbsp; 27446148 |
| Trade Desk, Inc. (The), Class A<sup>(b)</sup> | 21804 | &nbsp;&nbsp; 862566 |
| Verizon Communications, Inc. | 1183002 | &nbsp;&nbsp; 48633212 |
| Walt Disney Co. (The) | 305221 | &nbsp;&nbsp; 31886438 |
| Warner Bros. Discovery, Inc.<sup>(b)</sup> | 1152138 | &nbsp;&nbsp; 27651312 |
|  |  | &nbsp;&nbsp; 530858431 |
| **Consumer Discretionary-11.54%** | **Consumer Discretionary-11.54%** | **Consumer Discretionary-11.54%** |
| Airbnb, Inc., Class A<sup>(b)</sup> | 35127 | &nbsp;&nbsp; 4109508 |
| Amazon.com, Inc.<sup>(b)</sup> | 1093105 | &nbsp;&nbsp; 254933948 |
| Aptiv PLC<sup>(b)</sup> | 90070 | &nbsp;&nbsp; 6984928 |
| AutoZone, Inc.<sup>(b)</sup> | 1736 | &nbsp;&nbsp; 6864717 |
| Best Buy Co., Inc. | 203850 | &nbsp;&nbsp; 16161228 |
| Booking Holdings, Inc. | 1731 | &nbsp;&nbsp; 8507328 |
| Carnival Corp.<sup>(b)(c)</sup> | 312520 | &nbsp;&nbsp; 8056766 |
| Chipotle Mexican Grill, Inc.<sup>(b)</sup> | 112003 | &nbsp;&nbsp; 3866344 |
| D.R. Horton, Inc. | 73837 | &nbsp;&nbsp; 11740821 |
| Darden Restaurants, Inc. | 21414 | &nbsp;&nbsp; 3845526 |
| Deckers Outdoor Corp.<sup>(b)</sup> | 16855 | &nbsp;&nbsp; 1483746 |
| Domino's Pizza, Inc. | 4005 | &nbsp;&nbsp; 1680618 |
| DoorDash, Inc., Class A<sup>(b)</sup> | 17321 | &nbsp;&nbsp; 3435967 |
| eBay, Inc. | 43082 | &nbsp;&nbsp; 3566759 |
| Expedia Group, Inc. | 24398 | &nbsp;&nbsp; 6238325 |
| Ford Motor Co. | 6097285 | &nbsp;&nbsp; 80971945 |
| Garmin Ltd. | 10710 | &nbsp;&nbsp; 2091877 |
| General Motors Co. | 1229034 | &nbsp;&nbsp; 90358580 |
| Genuine Parts Co. | 63821 | &nbsp;&nbsp; 8322258 |
| Hasbro, Inc. | 20512 | &nbsp;&nbsp; 1694291 |
| Hilton Worldwide Holdings, Inc. | 15721 | &nbsp;&nbsp; 4480957 |
| Home Depot, Inc. (The) | 150008 | &nbsp;&nbsp; 53540855 |
| Las Vegas Sands Corp. | 79850 | &nbsp;&nbsp; 5442576 |
| Lennar Corp., Class A | 86187 | &nbsp;&nbsp; 11316353 |
| LKQ Corp.<sup>(c)</sup> | 163889 | &nbsp;&nbsp; 4865864 |
| Lowe's Cos., Inc. | 117938 | &nbsp;&nbsp; 28597606 |
| lululemon athletica, Inc.<sup>(b)</sup> | 24910 | &nbsp;&nbsp; 4587924 |
| Marriott International, Inc., Class A | 36869 | &nbsp;&nbsp; 11237303 |
| McDonald's Corp. | 32096 | &nbsp;&nbsp; 10008175 |
| MGM Resorts International<sup>(b)</sup> | 179244 | &nbsp;&nbsp; 6325521 |
| Mohawk Industries, Inc.<sup>(b)</sup> | 29620 | &nbsp;&nbsp; 3432958 |
| NIKE, Inc., Class B | 234719 | &nbsp;&nbsp; 15169889 |
| Norwegian Cruise Line Holdings Ltd.<sup>(b)(c)</sup> | 140790 | &nbsp;&nbsp; 2598983 |
| NVR, Inc.<sup>(b)</sup> | 482 | &nbsp;&nbsp; 3618514 |
| O'Reilly Automotive, Inc.<sup>(b)</sup> | 60988 | &nbsp;&nbsp; 6202480 |
| Pool Corp. | 6164 | &nbsp;&nbsp; 1501550 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Consumer Discretionary-(continued)** | **Consumer Discretionary-(continued)** | **Consumer Discretionary-(continued)** |
| PulteGroup, Inc. | 48975 | &nbsp;&nbsp; $6229130 |
| Ralph Lauren Corp. | 8837 | &nbsp;&nbsp; 3246095 |
| Ross Stores, Inc. | 54297 | &nbsp;&nbsp; 9575819 |
| Royal Caribbean Cruises Ltd.<sup>(c)</sup> | 18914 | &nbsp;&nbsp; 5035852 |
| Starbucks Corp. | 166196 | &nbsp;&nbsp; 14477334 |
| Tapestry, Inc. | 24983 | &nbsp;&nbsp; 2730142 |
| Tesla, Inc.<sup>(b)</sup> | 100203 | &nbsp;&nbsp; 43104324 |
| TJX Cos., Inc. (The) | 155791 | &nbsp;&nbsp; 23667769 |
| Tractor Supply Co.<sup>(c)</sup> | 97031 | &nbsp;&nbsp; 5315358 |
| Ulta Beauty, Inc.<sup>(b)</sup> | 8538 | &nbsp;&nbsp; 4600531 |
| Williams-Sonoma, Inc.<sup>(c)</sup> | 14517 | &nbsp;&nbsp; 2613205 |
| Wynn Resorts Ltd. | 21298 | &nbsp;&nbsp; 2740627 |
| Yum! Brands, Inc. | 20273 | &nbsp;&nbsp; 3106026 |
|  |  | &nbsp;&nbsp; 824285200 |
| **Consumer Staples-11.44%** | **Consumer Staples-11.44%** | **Consumer Staples-11.44%** |
| Altria Group, Inc. | 114519 | &nbsp;&nbsp; 6757766 |
| Archer-Daniels-Midland Co. | 506448 | &nbsp;&nbsp; 30761651 |
| Brown-Forman Corp., Class B<sup>(c)</sup> | 54177 | &nbsp;&nbsp; 1570049 |
| Bunge Global S.A. | 232435 | &nbsp;&nbsp; 22330030 |
| Campbell's Co. (The) | 114644 | &nbsp;&nbsp; 3494349 |
| Church & Dwight Co., Inc. | 24451 | &nbsp;&nbsp; 2082247 |
| Clorox Co. (The) | 21601 | &nbsp;&nbsp; 2331612 |
| Coca-Cola Co. (The) | 260573 | &nbsp;&nbsp; 19053098 |
| Colgate-Palmolive Co. | 89975 | &nbsp;&nbsp; 7233090 |
| Conagra Brands, Inc. | 224598 | &nbsp;&nbsp; 4009074 |
| Constellation Brands, Inc., Class A | 26394 | &nbsp;&nbsp; 3599614 |
| Costco Wholesale Corp. | 105593 | &nbsp;&nbsp; 96468709 |
| Dollar General Corp. | 146959 | &nbsp;&nbsp; 16090541 |
| Dollar Tree, Inc.<sup>(b)(c)</sup> | 83036 | &nbsp;&nbsp; 9201219 |
| Estee Lauder Cos., Inc. (The), Class A | 61223 | &nbsp;&nbsp; 5759248 |
| General Mills, Inc. | 145841 | &nbsp;&nbsp; 6905571 |
| Hershey Co. (The) | 22778 | &nbsp;&nbsp; 4284086 |
| Hormel Foods Corp. | 180788 | &nbsp;&nbsp; 4196089 |
| J.M. Smucker Co. (The) | 29666 | &nbsp;&nbsp; 3090604 |
| Kellanova | 59885 | &nbsp;&nbsp; 5008781 |
| Kenvue, Inc. | 306918 | &nbsp;&nbsp; 5325027 |
| Keurig Dr Pepper, Inc. | 214990 | &nbsp;&nbsp; 5998221 |
| Kimberly-Clark Corp. | 55213 | &nbsp;&nbsp; 6024843 |
| Kraft Heinz Co. (The) | 357502 | &nbsp;&nbsp; 9119876 |
| Kroger Co. (The) | 824313 | &nbsp;&nbsp; 55459779 |
| Lamb Weston Holdings, Inc. | 43229 | &nbsp;&nbsp; 2553105 |
| McCormick & Co., Inc. | 36845 | &nbsp;&nbsp; 2486301 |
| Molson Coors Beverage Co., Class B | 86164 | &nbsp;&nbsp; 4007488 |
| Mondelez International, Inc., Class A | 223916 | &nbsp;&nbsp; 12890844 |
| Monster Beverage Corp.<sup>(b)</sup> | 45631 | &nbsp;&nbsp; 3421869 |
| PepsiCo, Inc. | 241832 | &nbsp;&nbsp; 35970092 |
| Philip Morris International, Inc. | 88399 | &nbsp;&nbsp; 13921074 |
| Procter & Gamble Co. (The) | 201180 | &nbsp;&nbsp; 29806829 |
| Sysco Corp. | 381074 | &nbsp;&nbsp; 29037839 |
| Target Corp. | 437398 | &nbsp;&nbsp; 39637007 |
| Tyson Foods, Inc., Class A | 366751 | &nbsp;&nbsp; 21289896 |
| Walmart, Inc. | 2593729 | &nbsp;&nbsp; 286632992 |
|  |  | &nbsp;&nbsp; 817810510 |
| **Energy-6.69%** | **Energy-6.69%** | **Energy-6.69%** |
| APA Corp.<sup>(c)</sup> | 161701 | &nbsp;&nbsp; 4037674 |
| Baker Hughes Co., Class A | 221367 | &nbsp;&nbsp; 11112623 |
| Chevron Corp. | 446694 | &nbsp;&nbsp; 67508894 |
| ConocoPhillips | 229457 | &nbsp;&nbsp; 20350541 |
| Coterra Energy, Inc. | 99750 | &nbsp;&nbsp; 2677290 |
| Devon Energy Corp. | 176595 | &nbsp;&nbsp; 6544611 |
| Diamondback Energy, Inc. | 37744 | &nbsp;&nbsp; 5759357 |

---

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

------

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

November 30, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Energy-(continued)** | **Energy-(continued)** | **Energy-(continued)** |
| EOG Resources, Inc. | 71383 | &nbsp;&nbsp; $7698656 |
| EQT Corp. | 53268 | &nbsp;&nbsp; 3241890 |
| Expand Energy Corp. | 34319 | &nbsp;&nbsp; 4184516 |
| Exxon Mobil Corp. | 1097683 | &nbsp;&nbsp; 127243413 |
| Halliburton Co. | 370217 | &nbsp;&nbsp; 9707090 |
| Kinder Morgan, Inc. | 217605 | &nbsp;&nbsp; 5944969 |
| Marathon Petroleum Corp. | 275133 | &nbsp;&nbsp; 53301516 |
| Occidental Petroleum Corp. | 221360 | &nbsp;&nbsp; 9297120 |
| ONEOK, Inc. | 143379 | &nbsp;&nbsp; 10440859 |
| Phillips 66 | 379559 | &nbsp;&nbsp; 51984401 |
| SLB Ltd. | 368766 | &nbsp;&nbsp; 13364080 |
| Targa Resources Corp. | 39615 | &nbsp;&nbsp; 6944906 |
| Texas Pacific Land Corp. | 291 | &nbsp;&nbsp; 251508 |
| Valero Energy Corp. | 293276 | &nbsp;&nbsp; 51839466 |
| Williams Cos., Inc. (The) | 72241 | &nbsp;&nbsp; 4401644 |
|  |  | &nbsp;&nbsp; 477837024 |
| **Financials-15.29%** | **Financials-15.29%** | **Financials-15.29%** |
| Aflac, Inc. | 55603 | &nbsp;&nbsp; 6133567 |
| Allstate Corp. (The) | 124494 | &nbsp;&nbsp; 26514732 |
| American Express Co. | 89258 | &nbsp;&nbsp; 32603270 |
| American International Group, Inc. | 135009 | &nbsp;&nbsp; 10282285 |
| Ameriprise Financial, Inc. | 13895 | &nbsp;&nbsp; 6332507 |
| Aon PLC, Class A | 17400 | &nbsp;&nbsp; 6158208 |
| Apollo Global Management, Inc. | 72696 | &nbsp;&nbsp; 9584967 |
| Arch Capital Group Ltd.<sup>(b)</sup> | 76975 | &nbsp;&nbsp; 7229492 |
| Arthur J. Gallagher & Co. | 15851 | &nbsp;&nbsp; 3925025 |
| Assurant, Inc. | 22012 | &nbsp;&nbsp; 5022258 |
| Bank of America Corp. | 1488504 | &nbsp;&nbsp; 79858239 |
| Bank of New York Mellon Corp. (The) | 145748 | &nbsp;&nbsp; 16338351 |
| Berkshire Hathaway, Inc., Class B<sup>(b)</sup> | 283831 | &nbsp;&nbsp; 145835206 |
| BlackRock, Inc. | 7664 | &nbsp;&nbsp; 8026507 |
| Blackstone, Inc., Class A | 27294 | &nbsp;&nbsp; 3996387 |
| Block, Inc., Class A<sup>(b)</sup> | 121895 | &nbsp;&nbsp; 8142586 |
| Brown & Brown, Inc. | 20483 | &nbsp;&nbsp; 1647448 |
| Capital One Financial Corp. | 90512 | &nbsp;&nbsp; 19828464 |
| Cboe Global Markets, Inc. | 7247 | &nbsp;&nbsp; 1870958 |
| Charles Schwab Corp. (The) | 109562 | &nbsp;&nbsp; 10159684 |
| Chubb Ltd. | 77830 | &nbsp;&nbsp; 23051689 |
| Cincinnati Financial Corp. | 28657 | &nbsp;&nbsp; 4802627 |
| Citigroup, Inc. | 654745 | &nbsp;&nbsp; 67831582 |
| Citizens Financial Group, Inc. | 87357 | &nbsp;&nbsp; 4726014 |
| CME Group, Inc., Class A | 9305 | &nbsp;&nbsp; 2618985 |
| Coinbase Global, Inc., Class A<sup>(b)</sup> | 10065 | &nbsp;&nbsp; 2745933 |
| Corpay, Inc.<sup>(b)</sup> | 5126 | &nbsp;&nbsp; 1516271 |
| Erie Indemnity Co., Class A | 4528 | &nbsp;&nbsp; 1337979 |
| Everest Group Ltd. | 19472 | &nbsp;&nbsp; 6119855 |
| FactSet Research Systems, Inc. | 2379 | &nbsp;&nbsp; 659625 |
| Fidelity National Information Services, Inc. | 58183 | &nbsp;&nbsp; 3826696 |
| Fifth Third Bancorp | 111410 | &nbsp;&nbsp; 4841879 |
| Fiserv, Inc.<sup>(b)</sup> | 59825 | &nbsp;&nbsp; 3677443 |
| Franklin Resources, Inc. | 133030 | &nbsp;&nbsp; 3005148 |
| Global Payments, Inc. | 41770 | &nbsp;&nbsp; 3164495 |
| Globe Life, Inc. | 15874 | &nbsp;&nbsp; 2138704 |
| Goldman Sachs Group, Inc. (The) | 61389 | &nbsp;&nbsp; 50709769 |
| Hartford Insurance Group, Inc. (The) | 78755 | &nbsp;&nbsp; 10791798 |
| Huntington Bancshares, Inc. | 256202 | &nbsp;&nbsp; 4176093 |
| Interactive Brokers Group, Inc., Class A | 58419 | &nbsp;&nbsp; 3798403 |
| Intercontinental Exchange, Inc. | 25356 | &nbsp;&nbsp; 3988499 |
| Invesco Ltd.<sup>(d)</sup> | 104216 | &nbsp;&nbsp; 2548081 |
| Jack Henry & Associates, Inc. | 5585 | &nbsp;&nbsp; 974471 |
| JPMorgan Chase & Co. | 348682 | &nbsp;&nbsp; 109165360 |
| KeyCorp | 182095 | &nbsp;&nbsp; 3346906 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Financials-(continued)** | **Financials-(continued)** | **Financials-(continued)** |
| KKR & Co., Inc., Class A | 47958 | &nbsp;&nbsp; $5865743 |
| Loews Corp. | 70895 | &nbsp;&nbsp; 7647444 |
| M&T Bank Corp. | 24944 | &nbsp;&nbsp; 4744848 |
| Marsh & McLennan Cos., Inc. | 48791 | &nbsp;&nbsp; 8950709 |
| Mastercard, Inc., Class A | 19615 | &nbsp;&nbsp; 10798646 |
| MetLife, Inc. | 346087 | &nbsp;&nbsp; 26496421 |
| Moody's Corp. | 5397 | &nbsp;&nbsp; 2648740 |
| Morgan Stanley | 266872 | &nbsp;&nbsp; 45277503 |
| MSCI, Inc. | 2003 | &nbsp;&nbsp; 1129131 |
| Nasdaq, Inc. | 30891 | &nbsp;&nbsp; 2808610 |
| Northern Trust Corp. | 43455 | &nbsp;&nbsp; 5707380 |
| PayPal Holdings, Inc. | 184926 | &nbsp;&nbsp; 11593011 |
| PNC Financial Services Group, Inc. (The) | 62934 | &nbsp;&nbsp; 12002772 |
| Principal Financial Group, Inc. | 70717 | &nbsp;&nbsp; 5998216 |
| Progressive Corp. (The) | 125543 | &nbsp;&nbsp; 28722983 |
| Prudential Financial, Inc. | 210811 | &nbsp;&nbsp; 22820291 |
| Raymond James Financial, Inc. | 35362 | &nbsp;&nbsp; 5535567 |
| Regions Financial Corp. | 131466 | &nbsp;&nbsp; 3345810 |
| Robinhood Markets, Inc., Class A<sup>(b)</sup> | 11474 | &nbsp;&nbsp; 1474294 |
| S&P Global, Inc. | 10188 | &nbsp;&nbsp; 5082080 |
| State Street Corp. | 73332 | &nbsp;&nbsp; 8727975 |
| Synchrony Financial | 97355 | &nbsp;&nbsp; 7531383 |
| T. Rowe Price Group, Inc. | 24928 | &nbsp;&nbsp; 2552129 |
| Travelers Cos., Inc. (The) | 65914 | &nbsp;&nbsp; 19303574 |
| Truist Financial Corp. | 256067 | &nbsp;&nbsp; 11907115 |
| U.S. Bancorp | 321638 | &nbsp;&nbsp; 15776344 |
| Visa, Inc., Class A | 43181 | &nbsp;&nbsp; 14441454 |
| W.R. Berkley Corp. | 74144 | &nbsp;&nbsp; 5760247 |
| Wells Fargo & Co. | 577028 | &nbsp;&nbsp; 49537854 |
| Willis Towers Watson PLC | 11093 | &nbsp;&nbsp; 3560853 |
|  |  | &nbsp;&nbsp; 1092803573 |
| **Health Care-20.81%** | **Health Care-20.81%** | **Health Care-20.81%** |
| Abbott Laboratories | 125145 | &nbsp;&nbsp; 16131191 |
| AbbVie, Inc. | 103431 | &nbsp;&nbsp; 23551239 |
| Agilent Technologies, Inc. | 20467 | &nbsp;&nbsp; 3141685 |
| Align Technology, Inc.<sup>(b)(c)</sup> | 11146 | &nbsp;&nbsp; 1640580 |
| Amgen, Inc. | 46908 | &nbsp;&nbsp; 16204838 |
| Baxter International, Inc. | 170010 | &nbsp;&nbsp; 3185987 |
| Becton, Dickinson and Co. | 42800 | &nbsp;&nbsp; 8304056 |
| Biogen, Inc.<sup>(b)</sup> | 25226 | &nbsp;&nbsp; 4593402 |
| Bio-Techne Corp.<sup>(c)</sup> | 9024 | &nbsp;&nbsp; 582138 |
| Boston Scientific Corp.<sup>(b)</sup> | 66376 | &nbsp;&nbsp; 6742474 |
| Bristol-Myers Squibb Co. | 379925 | &nbsp;&nbsp; 18692310 |
| Cardinal Health, Inc. | 560173 | &nbsp;&nbsp; 118902321 |
| Cencora, Inc. | 401509 | &nbsp;&nbsp; 148128715 |
| Centene Corp.<sup>(b)</sup> | 2141505 | &nbsp;&nbsp; 84246807 |
| &nbsp;&nbsp;&nbsp; Charles River Laboratories International, <br> Inc.<sup>(b)</sup><br>| 9854 | &nbsp;&nbsp; 1755392 |
| Cigna Group (The) | 324615 | &nbsp;&nbsp; 90009247 |
| Cooper Cos., Inc. (The)<sup>(b)</sup> | 22411 | &nbsp;&nbsp; 1746489 |
| CVS Health Corp. | 1963148 | &nbsp;&nbsp; 157758573 |
| Danaher Corp. | 47249 | &nbsp;&nbsp; 10715128 |
| DaVita, Inc.<sup>(b)</sup> | 37261 | &nbsp;&nbsp; 4459396 |
| DexCom, Inc.<sup>(b)</sup> | 21184 | &nbsp;&nbsp; 1344548 |
| Edwards Lifesciences Corp.<sup>(b)</sup> | 27212 | &nbsp;&nbsp; 2358464 |
| Elevance Health, Inc. | 231725 | &nbsp;&nbsp; 78383299 |
| Eli Lilly and Co. | 26501 | &nbsp;&nbsp; 28501030 |
| GE HealthCare Technologies, Inc. | 99103 | &nbsp;&nbsp; 7927249 |
| Gilead Sciences, Inc. | 93956 | &nbsp;&nbsp; 11823423 |
| HCA Healthcare, Inc. | 69220 | &nbsp;&nbsp; 35183834 |
| Henry Schein, Inc.<sup>(b)(c)</sup> | 70908 | &nbsp;&nbsp; 5287610 |
| Hologic, Inc.<sup>(b)</sup> | 23088 | &nbsp;&nbsp; 1730907 |

---

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

------

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

November 30, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Health Care-(continued)** | **Health Care-(continued)** | **Health Care-(continued)** |
| Humana, Inc. | 169039 | &nbsp;&nbsp; $41544715 |
| IDEXX Laboratories, Inc.<sup>(b)</sup> | 2386 | &nbsp;&nbsp; 1796372 |
| Incyte Corp.<sup>(b)</sup> | 19999 | &nbsp;&nbsp; 2089096 |
| Insulet Corp.<sup>(b)</sup> | 2619 | &nbsp;&nbsp; 856911 |
| Intuitive Surgical, Inc.<sup>(b)</sup> | 7606 | &nbsp;&nbsp; 4361889 |
| IQVIA Holdings, Inc.<sup>(b)</sup> | 31969 | &nbsp;&nbsp; 7353190 |
| Johnson & Johnson | 193848 | &nbsp;&nbsp; 40111028 |
| Labcorp Holdings, Inc. | 18468 | &nbsp;&nbsp; 4963829 |
| McKesson Corp. | 200867 | &nbsp;&nbsp; 176987931 |
| Medtronic PLC | 139240 | &nbsp;&nbsp; 14666149 |
| Merck & Co., Inc. | 283561 | &nbsp;&nbsp; 29725700 |
| Mettler-Toledo International, Inc.<sup>(b)</sup> | 1158 | &nbsp;&nbsp; 1710042 |
| Moderna, Inc.<sup>(b)(c)</sup> | 47472 | &nbsp;&nbsp; 1233323 |
| Molina Healthcare, Inc.<sup>(b)</sup> | 90995 | &nbsp;&nbsp; 13490919 |
| Pfizer, Inc. | 977083 | &nbsp;&nbsp; 25150116 |
| Quest Diagnostics, Inc. | 21886 | &nbsp;&nbsp; 4140393 |
| Regeneron Pharmaceuticals, Inc. | 9584 | &nbsp;&nbsp; 7477341 |
| ResMed, Inc. | 7139 | &nbsp;&nbsp; 1826370 |
| Revvity, Inc.<sup>(c)</sup> | 12713 | &nbsp;&nbsp; 1327364 |
| Solventum Corp.<sup>(b)</sup> | 44234 | &nbsp;&nbsp; 3771391 |
| STERIS PLC | 8530 | &nbsp;&nbsp; 2271368 |
| Stryker Corp. | 23603 | &nbsp;&nbsp; 8760962 |
| Thermo Fisher Scientific, Inc. | 34053 | &nbsp;&nbsp; 20119534 |
| UnitedHealth Group, Inc. | 458159 | &nbsp;&nbsp; 151087093 |
| Universal Health Services, Inc., Class B | 33319 | &nbsp;&nbsp; 8117508 |
| Vertex Pharmaceuticals, Inc.<sup>(b)</sup> | 11068 | &nbsp;&nbsp; 4799195 |
| Viatris, Inc. | 513992 | &nbsp;&nbsp; 5494575 |
| Waters Corp.<sup>(b)</sup> | 3926 | &nbsp;&nbsp; 1583827 |
| West Pharmaceutical Services, Inc. | 4366 | &nbsp;&nbsp; 1210474 |
| Zimmer Biomet Holdings, Inc.<sup>(c)</sup> | 28649 | &nbsp;&nbsp; 2793850 |
| Zoetis, Inc. | 23495 | &nbsp;&nbsp; 3011589 |
|  |  | &nbsp;&nbsp; 1486866376 |
| **Industrials-9.22%** | **Industrials-9.22%** | **Industrials-9.22%** |
| 3M Co. | 60267 | &nbsp;&nbsp; 10368937 |
| A.O. Smith Corp. | 19613 | &nbsp;&nbsp; 1294066 |
| Allegion PLC | 8505 | &nbsp;&nbsp; 1412085 |
| AMETEK, Inc. | 13977 | &nbsp;&nbsp; 2765908 |
| Automatic Data Processing, Inc. | 26353 | &nbsp;&nbsp; 6727921 |
| Axon Enterprise, Inc.<sup>(b)</sup> | 1169 | &nbsp;&nbsp; 631424 |
| Boeing Co. (The)<sup>(b)</sup> | 124358 | &nbsp;&nbsp; 23503662 |
| Broadridge Financial Solutions, Inc. | 10310 | &nbsp;&nbsp; 2351608 |
| Builders FirstSource, Inc.<sup>(b)</sup> | 42560 | &nbsp;&nbsp; 4776509 |
| C.H. Robinson Worldwide, Inc. | 49909 | &nbsp;&nbsp; 7929043 |
| Carrier Global Corp. | 134553 | &nbsp;&nbsp; 7384269 |
| Caterpillar, Inc. | 56090 | &nbsp;&nbsp; 32294378 |
| Cintas Corp. | 19245 | &nbsp;&nbsp; 3579955 |
| Copart, Inc.<sup>(b)</sup> | 35874 | &nbsp;&nbsp; 1398368 |
| CSX Corp. | 165321 | &nbsp;&nbsp; 5845751 |
| Cummins, Inc. | 31219 | &nbsp;&nbsp; 15546438 |
| Dayforce, Inc.<sup>(b)</sup> | 10092 | &nbsp;&nbsp; 697357 |
| Deere & Co. | 35378 | &nbsp;&nbsp; 16432727 |
| Delta Air Lines, Inc. | 379421 | &nbsp;&nbsp; 24320886 |
| Dover Corp. | 16714 | &nbsp;&nbsp; 3096770 |
| Eaton Corp. PLC | 27051 | &nbsp;&nbsp; 9356670 |
| EMCOR Group, Inc. | 9248 | &nbsp;&nbsp; 5688167 |
| Emerson Electric Co. | 49781 | &nbsp;&nbsp; 6639790 |
| Equifax, Inc. | 8940 | &nbsp;&nbsp; 1898588 |
| &nbsp;&nbsp;&nbsp; Expeditors International of Washington, <br> Inc.<br>| 34786 | &nbsp;&nbsp; 5110063 |
| Fastenal Co. | 60685 | &nbsp;&nbsp; 2451674 |
| FedEx Corp. | 146456 | &nbsp;&nbsp; 40374990 |
| Fortive Corp. | 37365 | &nbsp;&nbsp; 1998280 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Industrials-(continued)** | **Industrials-(continued)** | **Industrials-(continued)** |
| GE Vernova, Inc. | 21412 | &nbsp;&nbsp; $12842275 |
| Generac Holdings, Inc.<sup>(b)</sup> | 9035 | &nbsp;&nbsp; 1369977 |
| General Dynamics Corp. | 58568 | &nbsp;&nbsp; 20008586 |
| General Electric Co. | 55408 | &nbsp;&nbsp; 16536518 |
| Honeywell International, Inc. | 70920 | &nbsp;&nbsp; 13630115 |
| Howmet Aerospace, Inc. | 15711 | &nbsp;&nbsp; 3214313 |
| Hubbell, Inc. | 4771 | &nbsp;&nbsp; 2058352 |
| Huntington Ingalls Industries, Inc. | 15966 | &nbsp;&nbsp; 5007257 |
| IDEX Corp. | 7811 | &nbsp;&nbsp; 1358567 |
| Illinois Tool Works, Inc. | 22513 | &nbsp;&nbsp; 5612041 |
| Ingersoll Rand, Inc.<sup>(c)</sup> | 34391 | &nbsp;&nbsp; 2762973 |
| J.B. Hunt Transport Services, Inc. | 32965 | &nbsp;&nbsp; 5734591 |
| Jacobs Solutions, Inc. | 30629 | &nbsp;&nbsp; 4129095 |
| Johnson Controls International PLC | 81828 | &nbsp;&nbsp; 9517415 |
| L3Harris Technologies, Inc. | 29103 | &nbsp;&nbsp; 8110715 |
| Leidos Holdings, Inc. | 35408 | &nbsp;&nbsp; 6766469 |
| Lennox International, Inc. | 3602 | &nbsp;&nbsp; 1796930 |
| Lockheed Martin Corp. | 58144 | &nbsp;&nbsp; 26621812 |
| Masco Corp. | 39247 | &nbsp;&nbsp; 2545953 |
| Nordson Corp. | 4676 | &nbsp;&nbsp; 1111298 |
| Norfolk Southern Corp. | 16759 | &nbsp;&nbsp; 4895136 |
| Northrop Grumman Corp. | 26229 | &nbsp;&nbsp; 15009545 |
| Old Dominion Freight Line, Inc. | 14454 | &nbsp;&nbsp; 1955482 |
| Otis Worldwide Corp. | 60509 | &nbsp;&nbsp; 5376225 |
| PACCAR, Inc. | 118455 | &nbsp;&nbsp; 12487526 |
| Parker-Hannifin Corp. | 9716 | &nbsp;&nbsp; 8372277 |
| Paychex, Inc. | 15671 | &nbsp;&nbsp; 1750294 |
| Paycom Software, Inc.<sup>(c)</sup> | 3312 | &nbsp;&nbsp; 533795 |
| Pentair PLC | 14166 | &nbsp;&nbsp; 1490830 |
| Quanta Services, Inc.<sup>(c)</sup> | 25098 | &nbsp;&nbsp; 11667558 |
| Republic Services, Inc. | 26830 | &nbsp;&nbsp; 5823720 |
| Rockwell Automation, Inc. | 8927 | &nbsp;&nbsp; 3533842 |
| Rollins, Inc. | 23777 | &nbsp;&nbsp; 1461810 |
| RTX Corp. | 202823 | &nbsp;&nbsp; 35475771 |
| Snap-on, Inc. | 5838 | &nbsp;&nbsp; 1985212 |
| Southwest Airlines Co.<sup>(c)</sup> | 332097 | &nbsp;&nbsp; 11560297 |
| Stanley Black & Decker, Inc. | 73775 | &nbsp;&nbsp; 5276388 |
| Textron, Inc. | 64973 | &nbsp;&nbsp; 5403155 |
| Trane Technologies PLC | 18694 | &nbsp;&nbsp; 7879147 |
| TransDigm Group, Inc. | 2494 | &nbsp;&nbsp; 3392264 |
| Uber Technologies, Inc.<sup>(b)</sup> | 188592 | &nbsp;&nbsp; 16509344 |
| Union Pacific Corp. | 42657 | &nbsp;&nbsp; 9889172 |
| United Airlines Holdings, Inc.<sup>(b)</sup> | 202486 | &nbsp;&nbsp; 20645472 |
| United Parcel Service, Inc., Class B | 404211 | &nbsp;&nbsp; 38719372 |
| United Rentals, Inc. | 6295 | &nbsp;&nbsp; 5131558 |
| Veralto Corp. | 18980 | &nbsp;&nbsp; 1921156 |
| Verisk Analytics, Inc. | 4284 | &nbsp;&nbsp; 964200 |
| W.W. Grainger, Inc. | 6607 | &nbsp;&nbsp; 6267598 |
| Wabtec Corp. | 20834 | &nbsp;&nbsp; 4344931 |
| Waste Management, Inc. | 41215 | &nbsp;&nbsp; 8979512 |
| Xylem, Inc. | 23767 | &nbsp;&nbsp; 3343304 |
|  |  | &nbsp;&nbsp; 658657429 |
| **Information Technology-11.75%** | **Information Technology-11.75%** | **Information Technology-11.75%** |
| Accenture PLC, Class A | 105774 | &nbsp;&nbsp; 26443500 |
| Adobe, Inc.<sup>(b)</sup> | 24181 | &nbsp;&nbsp; 7741064 |
| Advanced Micro Devices, Inc.<sup>(b)</sup> | 69647 | &nbsp;&nbsp; 15150312 |
| Akamai Technologies, Inc.<sup>(b)</sup> | 19936 | &nbsp;&nbsp; 1784671 |
| Amphenol Corp., Class A | 59196 | &nbsp;&nbsp; 8340716 |
| Analog Devices, Inc. | 15712 | &nbsp;&nbsp; 4169022 |
| Apple, Inc. | 677080 | &nbsp;&nbsp; 188803758 |
| Applied Materials, Inc. | 65730 | &nbsp;&nbsp; 16580392 |
| AppLovin Corp., Class A<sup>(b)</sup> | 3483 | &nbsp;&nbsp; 2087989 |

---

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

------

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

November 30, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Information Technology-(continued)** | **Information Technology-(continued)** | **Information Technology-(continued)** |
| Arista Networks, Inc.<sup>(b)</sup> | 19768 | &nbsp;&nbsp; $2583282 |
| Autodesk, Inc.<sup>(b)</sup> | 7613 | &nbsp;&nbsp; 2309327 |
| Broadcom, Inc. | 60954 | &nbsp;&nbsp; 24562024 |
| Cadence Design Systems, Inc.<sup>(b)</sup> | 5616 | &nbsp;&nbsp; 1751293 |
| CDW Corp. | 48370 | &nbsp;&nbsp; 6975921 |
| Cisco Systems, Inc. | 312819 | &nbsp;&nbsp; 24068294 |
| &nbsp;&nbsp;&nbsp; Cognizant Technology Solutions Corp., <br> Class A<br>| 112567 | &nbsp;&nbsp; 8747582 |
| Corning, Inc. | 71015 | &nbsp;&nbsp; 5979463 |
| CrowdStrike Holdings, Inc., Class A<sup>(b)</sup> | 3859 | &nbsp;&nbsp; 1964848 |
| Datadog, Inc., Class A<sup>(b)</sup> | 8108 | &nbsp;&nbsp; 1297361 |
| Dell Technologies, Inc., Class C | 306367 | &nbsp;&nbsp; 40854039 |
| EPAM Systems, Inc.<sup>(b)</sup> | 12410 | &nbsp;&nbsp; 2320670 |
| F5, Inc.<sup>(b)</sup> | 3449 | &nbsp;&nbsp; 824863 |
| Fair Isaac Corp.<sup>(b)</sup> | 530 | &nbsp;&nbsp; 957090 |
| First Solar, Inc.<sup>(b)</sup> | 8017 | &nbsp;&nbsp; 2188000 |
| Fortinet, Inc.<sup>(b)</sup> | 29872 | &nbsp;&nbsp; 2423515 |
| Gartner, Inc.<sup>(b)</sup> | 10330 | &nbsp;&nbsp; 2404204 |
| Gen Digital, Inc. | 54189 | &nbsp;&nbsp; 1428964 |
| GoDaddy, Inc., Class A<sup>(b)</sup> | 12282 | &nbsp;&nbsp; 1570377 |
| Hewlett Packard Enterprise Co. | 508780 | &nbsp;&nbsp; 11127019 |
| HP, Inc. | 722411 | &nbsp;&nbsp; 17641277 |
| Intel Corp.<sup>(b)</sup> | 804417 | &nbsp;&nbsp; 32627154 |
| International Business Machines Corp. | 93638 | &nbsp;&nbsp; 28894814 |
| Intuit, Inc. | 10913 | &nbsp;&nbsp; 6919715 |
| Jabil, Inc. | 49809 | &nbsp;&nbsp; 10495254 |
| Keysight Technologies, Inc.<sup>(b)</sup> | 11565 | &nbsp;&nbsp; 2289292 |
| KLA Corp. | 4880 | &nbsp;&nbsp; 5736294 |
| Lam Research Corp. | 64733 | &nbsp;&nbsp; 10098348 |
| Microchip Technology, Inc. | 24539 | &nbsp;&nbsp; 1314800 |
| Micron Technology, Inc. | 90674 | &nbsp;&nbsp; 21442588 |
| Microsoft Corp. | 211575 | &nbsp;&nbsp; 104097016 |
| Monolithic Power Systems, Inc. | 1114 | &nbsp;&nbsp; 1033981 |
| Motorola Solutions, Inc. | 8593 | &nbsp;&nbsp; 3176660 |
| NetApp, Inc. | 19987 | &nbsp;&nbsp; 2229750 |
| NVIDIA Corp. | 350065 | &nbsp;&nbsp; 61961505 |
| NXP Semiconductors N.V. (Netherlands) | 20678 | &nbsp;&nbsp; 4030969 |
| ON Semiconductor Corp.<sup>(b)</sup> | 49802 | &nbsp;&nbsp; 2502052 |
| Oracle Corp. | 65606 | &nbsp;&nbsp; 13249132 |
| Palantir Technologies, Inc., Class A<sup>(b)</sup> | 7764 | &nbsp;&nbsp; 1307846 |
| Palo Alto Networks, Inc.<sup>(b)</sup> | 17497 | &nbsp;&nbsp; 3326705 |
| PTC, Inc.<sup>(b)</sup> | 4550 | &nbsp;&nbsp; 798206 |
| Qnity Electronics, Inc. | 30977 | &nbsp;&nbsp; 2511925 |
| QUALCOMM, Inc. | 102160 | &nbsp;&nbsp; 17172074 |
| Roper Technologies, Inc. | 5438 | &nbsp;&nbsp; 2426544 |
| Salesforce, Inc. | 61152 | &nbsp;&nbsp; 14097982 |
| Seagate Technology Holdings PLC | 17639 | &nbsp;&nbsp; 4880535 |
| ServiceNow, Inc.<sup>(b)</sup> | 4890 | &nbsp;&nbsp; 3972685 |
| Skyworks Solutions, Inc. | 20419 | &nbsp;&nbsp; 1346633 |
| Super Micro Computer, Inc.<sup>(b)(c)</sup> | 187322 | &nbsp;&nbsp; 6340850 |
| Synopsys, Inc.<sup>(b)</sup> | 5975 | &nbsp;&nbsp; 2497610 |
| TE Connectivity PLC (Switzerland) | 29544 | &nbsp;&nbsp; 6681376 |
| Teledyne Technologies, Inc.<sup>(b)</sup> | 4092 | &nbsp;&nbsp; 2044036 |
| Teradyne, Inc. | 9016 | &nbsp;&nbsp; 1639920 |
| Texas Instruments, Inc. | 33952 | &nbsp;&nbsp; 5713103 |
| Trimble, Inc.<sup>(b)</sup> | 16742 | &nbsp;&nbsp; 1363134 |
| Tyler Technologies, Inc.<sup>(b)</sup> | 1570 | &nbsp;&nbsp; 737303 |
| VeriSign, Inc. | 2129 | &nbsp;&nbsp; 536487 |
| Western Digital Corp. | 52709 | &nbsp;&nbsp; 8608961 |
| Workday, Inc., Class A<sup>(b)</sup> | 14770 | &nbsp;&nbsp; 3184707 |
| Zebra Technologies Corp., Class A<sup>(b)</sup> | 6382 | &nbsp;&nbsp; 1613050 |
|  |  | &nbsp;&nbsp; 839981833 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Materials-2.28%** | **Materials-2.28%** | **Materials-2.28%** |
| Air Products and Chemicals, Inc. | 15683 | &nbsp;&nbsp; $4094047 |
| Albemarle Corp.<sup>(c)</sup> | 25491 | &nbsp;&nbsp; 3313575 |
| Amcor PLC | 682724 | &nbsp;&nbsp; 5816809 |
| Avery Dennison Corp. | 19866 | &nbsp;&nbsp; 3424302 |
| Ball Corp. | 92582 | &nbsp;&nbsp; 4585587 |
| CF Industries Holdings, Inc. | 27782 | &nbsp;&nbsp; 2186443 |
| Corteva, Inc. | 89589 | &nbsp;&nbsp; 6044570 |
| Dow, Inc. | 658948 | &nbsp;&nbsp; 15715910 |
| DuPont de Nemours, Inc. | 62061 | &nbsp;&nbsp; 2468166 |
| Ecolab, Inc. | 21890 | &nbsp;&nbsp; 6023252 |
| Freeport-McMoRan, Inc. | 215281 | &nbsp;&nbsp; 9252777 |
| International Flavors & Fragrances, Inc. | 65612 | &nbsp;&nbsp; 4558722 |
| International Paper Co.<sup>(c)</sup> | 176713 | &nbsp;&nbsp; 6976629 |
| Linde PLC | 26505 | &nbsp;&nbsp; 10875532 |
| LyondellBasell Industries N.V., Class A | 244323 | &nbsp;&nbsp; 11969384 |
| Martin Marietta Materials, Inc. | 4086 | &nbsp;&nbsp; 2546559 |
| Mosaic Co. (The) | 126168 | &nbsp;&nbsp; 3089854 |
| Newmont Corp. | 99106 | &nbsp;&nbsp; 8991887 |
| Nucor Corp. | 82167 | &nbsp;&nbsp; 13104815 |
| Packaging Corp. of America | 15183 | &nbsp;&nbsp; 3098395 |
| PPG Industries, Inc. | 55672 | &nbsp;&nbsp; 5569427 |
| Sherwin-Williams Co. (The) | 24189 | &nbsp;&nbsp; 8313517 |
| Smurfit WestRock PLC | 256498 | &nbsp;&nbsp; 9154414 |
| Solstice Advanced Materials, Inc.<sup>(b)</sup> | 17705 | &nbsp;&nbsp; 844174 |
| Steel Dynamics, Inc. | 48640 | &nbsp;&nbsp; 8163251 |
| Vulcan Materials Co. | 9724 | &nbsp;&nbsp; 2890362 |
|  |  | &nbsp;&nbsp; 163072360 |
| **Real Estate-0.88%** | **Real Estate-0.88%** | **Real Estate-0.88%** |
| Alexandria Real Estate Equities, Inc. | 13890 | &nbsp;&nbsp; 745476 |
| American Tower Corp. | 19831 | &nbsp;&nbsp; 3594765 |
| AvalonBay Communities, Inc. | 5871 | &nbsp;&nbsp; 1068170 |
| BXP, Inc. | 17517 | &nbsp;&nbsp; 1267530 |
| Camden Property Trust | 5407 | &nbsp;&nbsp; 574980 |
| CBRE Group, Inc., Class A<sup>(b)</sup> | 88043 | &nbsp;&nbsp; 14247999 |
| CoStar Group, Inc.<sup>(b)</sup> | 12673 | &nbsp;&nbsp; 871902 |
| Crown Castle, Inc. | 21627 | &nbsp;&nbsp; 1974113 |
| Digital Realty Trust, Inc. | 12429 | &nbsp;&nbsp; 1990132 |
| Equinix, Inc. | 4309 | &nbsp;&nbsp; 3246013 |
| Equity Residential | 17260 | &nbsp;&nbsp; 1065805 |
| Essex Property Trust, Inc. | 2617 | &nbsp;&nbsp; 689894 |
| Extra Space Storage, Inc. | 8528 | &nbsp;&nbsp; 1135674 |
| Federal Realty Investment Trust | 4639 | &nbsp;&nbsp; 458008 |
| Healthpeak Properties, Inc. | 58395 | &nbsp;&nbsp; 1066293 |
| Host Hotels & Resorts, Inc. | 126253 | &nbsp;&nbsp; 2225840 |
| Invitation Homes, Inc. | 34121 | &nbsp;&nbsp; 962212 |
| Iron Mountain, Inc. | 24776 | &nbsp;&nbsp; 2139408 |
| Kimco Realty Corp. | 35632 | &nbsp;&nbsp; 736157 |
| Mid-America Apartment Communities, Inc. | 5817 | &nbsp;&nbsp; 790472 |
| Prologis, Inc. | 28913 | &nbsp;&nbsp; 3716188 |
| Public Storage | 6134 | &nbsp;&nbsp; 1684028 |
| Realty Income Corp. | 34560 | &nbsp;&nbsp; 1991002 |
| Regency Centers Corp. | 7794 | &nbsp;&nbsp; 554621 |
| SBA Communications Corp., Class A | 5272 | &nbsp;&nbsp; 1024191 |
| Simon Property Group, Inc. | 12681 | &nbsp;&nbsp; 2362724 |
| UDR, Inc. | 16657 | &nbsp;&nbsp; 606648 |
| Ventas, Inc. | 28651 | &nbsp;&nbsp; 2310130 |
| VICI Properties, Inc. | 44429 | &nbsp;&nbsp; 1280444 |
| Welltower, Inc. | 20635 | &nbsp;&nbsp; 4296620 |
| Weyerhaeuser Co. | 105001 | &nbsp;&nbsp; 2332072 |
|  |  | &nbsp;&nbsp; 63009511 |

---

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

------

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

November 30, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Utilities-2.56%** | **Utilities-2.56%** | **Utilities-2.56%** |
| AES Corp. (The) | 353865 | &nbsp;&nbsp; $4975342 |
| Alliant Energy Corp. | 24300 | &nbsp;&nbsp; 1688121 |
| Ameren Corp. | 31818 | &nbsp;&nbsp; 3383844 |
| American Electric Power Co., Inc. | 73312 | &nbsp;&nbsp; 9073826 |
| American Water Works Co., Inc. | 13348 | &nbsp;&nbsp; 1736174 |
| Atmos Energy Corp. | 10553 | &nbsp;&nbsp; 1861233 |
| CenterPoint Energy, Inc.<sup>(c)</sup> | 89025 | &nbsp;&nbsp; 3559220 |
| CMS Energy Corp. | 42162 | &nbsp;&nbsp; 3180701 |
| Consolidated Edison, Inc. | 62292 | &nbsp;&nbsp; 6251625 |
| Constellation Energy Corp. | 29547 | &nbsp;&nbsp; 10765745 |
| Dominion Energy, Inc. | 95663 | &nbsp;&nbsp; 6004767 |
| DTE Energy Co. | 38306 | &nbsp;&nbsp; 5249071 |
| Duke Energy Corp. | 97508 | &nbsp;&nbsp; 12085142 |
| Edison International | 118131 | &nbsp;&nbsp; 6956735 |
| Entergy Corp. | 51810 | &nbsp;&nbsp; 5052511 |
| Evergy, Inc. | 30487 | &nbsp;&nbsp; 2367316 |
| Eversource Energy | 75947 | &nbsp;&nbsp; 5102119 |
| Exelon Corp. | 206424 | &nbsp;&nbsp; 9726699 |
| FirstEnergy Corp. | 121657 | &nbsp;&nbsp; 5805472 |
| NextEra Energy, Inc. | 133881 | &nbsp;&nbsp; 11552591 |
| NiSource, Inc. | 56405 | &nbsp;&nbsp; 2489153 |
| NRG Energy, Inc. | 68550 | &nbsp;&nbsp; 11618539 |
| PG&E Corp. | 602951 | &nbsp;&nbsp; 9719570 |
| Pinnacle West Capital Corp. | 22472 | &nbsp;&nbsp; 2041806 |
| PPL Corp. | 92142 | &nbsp;&nbsp; 3400040 |
| Public Service Enterprise Group, Inc. | 51307 | &nbsp;&nbsp; 4285161 |
| Sempra | 60239 | &nbsp;&nbsp; 5705838 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Utilities-(continued)** | **Utilities-(continued)** | **Utilities-(continued)** |
| Southern Co. (The) | 116483 | &nbsp;&nbsp; $10613931 |
| Vistra Corp. | 39704 | &nbsp;&nbsp; 7101457 |
| WEC Energy Group, Inc. | 31874 | &nbsp;&nbsp; 3572119 |
| Xcel Energy, Inc. | 72319 | &nbsp;&nbsp; 5938113 |
|  |  | &nbsp;&nbsp; 182863981 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.89% <br>(Cost $5,839,329,213) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.89% <br>(Cost $5,839,329,213) | &nbsp;&nbsp; 7138046228 |
| **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** |
| **Money Market Funds-1.41%** | **Money Market Funds-1.41%** | **Money Market Funds-1.41%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 4.00%<sup>(d)(e)(f)</sup><br>| 32964820 | &nbsp;&nbsp; 32964820 |
| Invesco Private Prime Fund, 4.12%<sup>(d)(e)(f)</sup> | 67605950 | &nbsp;&nbsp; 67626232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $100,591,052) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $100,591,052) | &nbsp;&nbsp; 100591052 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-101.30% <br>(Cost $5,939,920,265) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-101.30% <br>(Cost $5,939,920,265) | &nbsp;&nbsp; 7238637280 |
| OTHER ASSETS LESS LIABILITIES-(1.30)% | OTHER ASSETS LESS LIABILITIES-(1.30)% | &nbsp;&nbsp; (92827021)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $7145810259 |

---

&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 November 30, 2025. |
| <sup>(d)</sup> | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in <br> which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund's transactions in, and earnings from, its investments in <br> affiliates for the three months ended November 30, 2025.<br>|

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**August 31, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>| **Realized** <br>**Gain**<br>| **Value** <br>**November 30, 2025**<br>| **Dividend Income** |
| &nbsp;&nbsp; Invesco Ltd. | &nbsp;&nbsp;&nbsp; $2945321 | &nbsp;&nbsp;&nbsp; $329484 | &nbsp;&nbsp;&nbsp; $(1014664)<br>| &nbsp;&nbsp;&nbsp; $(22919)<br>| &nbsp;&nbsp;&nbsp; $310859 | &nbsp;&nbsp;&nbsp; $2548081 | &nbsp;&nbsp;&nbsp; $22062 |
| **Investments in** <br> **Affiliated Money** <br> **Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco <br> Government & <br> Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 35464236 | &nbsp;&nbsp;&nbsp; (35464236)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 35762 |

---

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

------

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

November 30, 2025

*(Unaudited)*

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value**<br> **August 31, 2025**<br>| **Purchases**<br> **at Cost**<br>| **Proceeds**<br> **from Sales**<br>| **Change in**<br> **Unrealized**<br> **Appreciation**<br> **(Depreciation)**<br>| **Realized**<br> **Gain**<br>| **Value**<br> **November 30, 2025**<br>| **Dividend Income** |
| **Investments** <br> **Purchased with** <br> **Cash Collateral** <br> **from Securities on** <br> **Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; $31554203 | &nbsp;&nbsp;&nbsp; $109187643 | &nbsp;&nbsp;&nbsp; $(107777026)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $32964820 | &nbsp;&nbsp;&nbsp; $286,589<br> \*<br>|
| &nbsp;&nbsp; Invesco Private <br> Prime Fund<br>| &nbsp;&nbsp;&nbsp; 81863786 | &nbsp;&nbsp;&nbsp; 190310146 | &nbsp;&nbsp;&nbsp; (204548883)<br>| &nbsp;&nbsp;&nbsp; (3925)<br>| &nbsp;&nbsp;&nbsp; 5108 | &nbsp;&nbsp;&nbsp; 67626232 | &nbsp;&nbsp;&nbsp; 768,984<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $116363310 | &nbsp;&nbsp;&nbsp; $335291509 | &nbsp;&nbsp;&nbsp; $(348804809)<br>| &nbsp;&nbsp;&nbsp; $(26844)<br>| &nbsp;&nbsp;&nbsp; $315967 | &nbsp;&nbsp;&nbsp; $103139133 | &nbsp;&nbsp;&nbsp; $1113397 |

---

&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 November 30, 2025. <br> <sup>(f)</sup> The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower's return of the securities loaned.

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

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

------

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

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

November 30, 2025

*(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-1.52%** | **Communication Services-1.52%** | **Communication Services-1.52%** |
| EchoStar Corp., Class A<sup>(b)(c)</sup> | 86188 | &nbsp;&nbsp; $6316718 |
| Frontier Communications Parent, Inc.<sup>(b)</sup> | 72032 | &nbsp;&nbsp; 2731453 |
| Iridium Communications, Inc.<sup>(c)</sup> | 21165 | &nbsp;&nbsp; 347106 |
| New York Times Co. (The), Class A | 20784 | &nbsp;&nbsp; 1340568 |
| Nexstar Media Group, Inc., Class A<sup>(c)</sup> | 11987 | &nbsp;&nbsp; 2303182 |
| Warner Music Group Corp., Class A | 85082 | &nbsp;&nbsp; 2402716 |
| ZoomInfo Technologies, Inc., Class A<sup>(b)(c)</sup> | 47617 | &nbsp;&nbsp; 472361 |
|  |  | &nbsp;&nbsp; 15914104 |
| **Consumer Discretionary-19.84%** | **Consumer Discretionary-19.84%** | **Consumer Discretionary-19.84%** |
| Abercrombie & Fitch Co., Class A<sup>(b)</sup> | 23554 | &nbsp;&nbsp; 2305230 |
| Aramark | 208716 | &nbsp;&nbsp; 7757974 |
| Autoliv, Inc. (Sweden) | 37278 | &nbsp;&nbsp; 4398431 |
| AutoNation, Inc.<sup>(b)</sup> | 54770 | &nbsp;&nbsp; 11572353 |
| Bath & Body Works, Inc.<sup>(c)</sup> | 116336 | &nbsp;&nbsp; 2025410 |
| Boyd Gaming Corp. | 21020 | &nbsp;&nbsp; 1750966 |
| Brunswick Corp. | 35049 | &nbsp;&nbsp; 2317089 |
| Burlington Stores, Inc.<sup>(b)(c)</sup> | 17587 | &nbsp;&nbsp; 4435969 |
| Capri Holdings Ltd.<sup>(b)(c)</sup> | 86889 | &nbsp;&nbsp; 2204374 |
| Cava Group, Inc.<sup>(b)(c)</sup> | 7369 | &nbsp;&nbsp; 360270 |
| Chewy, Inc., Class A<sup>(b)</sup> | 153608 | &nbsp;&nbsp; 5340950 |
| Choice Hotels International, Inc.<sup>(c)</sup> | 6228 | &nbsp;&nbsp; 568367 |
| Churchill Downs, Inc. | 13043 | &nbsp;&nbsp; 1422861 |
| Columbia Sportswear Co. | 27613 | &nbsp;&nbsp; 1483094 |
| Crocs, Inc.<sup>(b)(c)</sup> | 22690 | &nbsp;&nbsp; 1928196 |
| Dick's Sporting Goods, Inc. | 26997 | &nbsp;&nbsp; 5576770 |
| Duolingo, Inc.<sup>(b)</sup> | 1384 | &nbsp;&nbsp; 264911 |
| Five Below, Inc.<sup>(b)</sup> | 12904 | &nbsp;&nbsp; 2127741 |
| Floor & Decor Holdings, Inc., Class A<sup>(b)(c)</sup> | 24072 | &nbsp;&nbsp; 1531461 |
| GameStop Corp., Class A<sup>(b)(c)</sup> | 67090 | &nbsp;&nbsp; 1511538 |
| Gap, Inc. (The) | 281138 | &nbsp;&nbsp; 7610406 |
| Gentex Corp.<sup>(c)</sup> | 37714 | &nbsp;&nbsp; 861011 |
| Goodyear Tire & Rubber Co. (The)<sup>(b)(c)</sup> | 961314 | &nbsp;&nbsp; 8324979 |
| Graham Holdings Co., Class B | 1885 | &nbsp;&nbsp; 2085753 |
| Grand Canyon Education, Inc.<sup>(b)</sup> | 2342 | &nbsp;&nbsp; 369427 |
| H&R Block, Inc. | 33329 | &nbsp;&nbsp; 1403817 |
| Harley-Davidson, Inc. | 66316 | &nbsp;&nbsp; 1624079 |
| Hilton Grand Vacations, Inc.<sup>(b)(c)</sup> | 49222 | &nbsp;&nbsp; 2108178 |
| Hyatt Hotels Corp., Class A | 21296 | &nbsp;&nbsp; 3500849 |
| KB Home<sup>(c)</sup> | 45302 | &nbsp;&nbsp; 2914278 |
| Lear Corp. | 94121 | &nbsp;&nbsp; 10104831 |
| Lithia Motors, Inc., Class A<sup>(c)</sup> | 49122 | &nbsp;&nbsp; 15662058 |
| Macy's, Inc.<sup>(c)</sup> | 593189 | &nbsp;&nbsp; 13263706 |
| Marriott Vacations Worldwide Corp.<sup>(c)</sup> | 29595 | &nbsp;&nbsp; 1615887 |
| Mattel, Inc.<sup>(b)(c)</sup> | 132440 | &nbsp;&nbsp; 2797133 |
| Murphy USA, Inc. | 23063 | &nbsp;&nbsp; 8880869 |
| Ollie's Bargain Outlet Holdings, Inc.<sup>(b)(c)</sup> | 8373 | &nbsp;&nbsp; 1030800 |
| Penske Automotive Group, Inc. | 73884 | &nbsp;&nbsp; 11948520 |
| Planet Fitness, Inc., Class A<sup>(b)</sup> | 5472 | &nbsp;&nbsp; 612700 |
| Polaris, Inc. | 52152 | &nbsp;&nbsp; 3460807 |
| PVH Corp. | 48063 | &nbsp;&nbsp; 4073820 |
| RH<sup>(b)(c)</sup> | 6335 | &nbsp;&nbsp; 998333 |
| Service Corp. International<sup>(c)</sup> | 24183 | &nbsp;&nbsp; 1920856 |
| Somnigroup International, Inc.<sup>(c)</sup> | 31360 | &nbsp;&nbsp; 2870067 |
| Taylor Morrison Home Corp., Class A<sup>(b)</sup> | 53596 | &nbsp;&nbsp; 3359933 |
| Texas Roadhouse, Inc. | 15194 | &nbsp;&nbsp; 2662748 |
| Thor Industries, Inc.<sup>(c)</sup> | 39900 | &nbsp;&nbsp; 4214238 |
| Toll Brothers, Inc. | 33806 | &nbsp;&nbsp; 4727093 |
| TopBuild Corp.<sup>(b)(c)</sup> | 5561 | &nbsp;&nbsp; 2516352 |
| Travel + Leisure Co. | 28443 | &nbsp;&nbsp; 1950621 |
| Under Armour, Inc., Class A<sup>(b)(c)</sup> | 226735 | &nbsp;&nbsp; 1047516 |
| Under Armour, Inc., Class C<sup>(b)(c)</sup> | 232776 | &nbsp;&nbsp; 1031198 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Consumer Discretionary-(continued)** | **Consumer Discretionary-(continued)** | **Consumer Discretionary-(continued)** |
| V.F. Corp. | 284232 | &nbsp;&nbsp; $4974060 |
| Vail Resorts, Inc.<sup>(c)</sup> | 9113 | &nbsp;&nbsp; 1277734 |
| Valvoline, Inc.<sup>(b)(c)</sup> | 19035 | &nbsp;&nbsp; 595986 |
| Visteon Corp. | 13546 | &nbsp;&nbsp; 1398625 |
| Whirlpool Corp.<sup>(c)</sup> | 73818 | &nbsp;&nbsp; 5709822 |
| Wingstop, Inc.<sup>(c)</sup> | 1046 | &nbsp;&nbsp; 276908 |
| Wyndham Hotels & Resorts, Inc. | 7617 | &nbsp;&nbsp; 557564 |
| YETI Holdings, Inc.<sup>(b)(c)</sup> | 22814 | &nbsp;&nbsp; 946325 |
|  |  | &nbsp;&nbsp; 208173842 |
| **Consumer Staples-12.09%** | **Consumer Staples-12.09%** | **Consumer Staples-12.09%** |
| Albertson's Cos., Inc., Class A<sup>(c)</sup> | 1950954 | &nbsp;&nbsp; 35760987 |
| BellRing Brands, Inc.<sup>(b)(c)</sup> | 26785 | &nbsp;&nbsp; 827389 |
| &nbsp;&nbsp;&nbsp; BJ's Wholesale Club Holdings, Inc., <br> Class C<sup>(b)</sup><br>| 95587 | &nbsp;&nbsp; 8529228 |
| Boston Beer Co., Inc. (The), Class A<sup>(b)</sup> | 4134 | &nbsp;&nbsp; 805303 |
| Casey's General Stores, Inc. | 13176 | &nbsp;&nbsp; 7516381 |
| Celsius Holdings, Inc.<sup>(b)</sup> | 13134 | &nbsp;&nbsp; 537706 |
| Coca-Cola Consolidated, Inc. | 25477 | &nbsp;&nbsp; 4151477 |
| Coty, Inc., Class A<sup>(b)(c)</sup> | 652424 | &nbsp;&nbsp; 2166048 |
| Darling Ingredients, Inc.<sup>(b)(c)</sup> | 81130 | &nbsp;&nbsp; 2970169 |
| e.l.f. Beauty, Inc.<sup>(b)(c)</sup> | 4410 | &nbsp;&nbsp; 335910 |
| Flowers Foods, Inc. | 158913 | &nbsp;&nbsp; 1705137 |
| Ingredion, Inc. | 25828 | &nbsp;&nbsp; 2777543 |
| Maplebear, Inc.<sup>(b)</sup> | 33589 | &nbsp;&nbsp; 1411074 |
| Marzetti Co. (The) | 4694 | &nbsp;&nbsp; 783616 |
| Performance Food Group Co.<sup>(b)</sup> | 270449 | &nbsp;&nbsp; 26252484 |
| Pilgrim's Pride Corp. | 187036 | &nbsp;&nbsp; 7114849 |
| Post Holdings, Inc.<sup>(b)(c)</sup> | 33638 | &nbsp;&nbsp; 3499361 |
| Sprouts Farmers Market, Inc.<sup>(b)</sup> | 27878 | &nbsp;&nbsp; 2336455 |
| US Foods Holding Corp.<sup>(b)</sup> | 221343 | &nbsp;&nbsp; 17413054 |
|  |  | &nbsp;&nbsp; 126894171 |
| **Energy-5.87%** | **Energy-5.87%** | **Energy-5.87%** |
| Antero Midstream Corp. | 29539 | &nbsp;&nbsp; 531997 |
| Antero Resources Corp.<sup>(b)</sup> | 66336 | &nbsp;&nbsp; 2416620 |
| Chord Energy Corp. | 22143 | &nbsp;&nbsp; 2078342 |
| Civitas Resources, Inc. | 63417 | &nbsp;&nbsp; 1862557 |
| CNX Resources Corp.<sup>(b)(c)</sup> | 29390 | &nbsp;&nbsp; 1141508 |
| DT Midstream, Inc. | 4605 | &nbsp;&nbsp; 559323 |
| HF Sinclair Corp. | 233960 | &nbsp;&nbsp; 12378824 |
| Matador Resources Co.<sup>(c)</sup> | 33940 | &nbsp;&nbsp; 1439056 |
| Murphy Oil Corp. | 47433 | &nbsp;&nbsp; 1521176 |
| NOV, Inc.<sup>(c)</sup> | 299121 | &nbsp;&nbsp; 4594499 |
| Ovintiv, Inc. | 94226 | &nbsp;&nbsp; 3859497 |
| PBF Energy, Inc., Class A<sup>(c)</sup> | 478865 | &nbsp;&nbsp; 16511265 |
| Permian Resources Corp. | 159173 | &nbsp;&nbsp; 2306417 |
| Range Resources Corp. | 35756 | &nbsp;&nbsp; 1412004 |
| TechnipFMC PLC (United Kingdom) | 103512 | &nbsp;&nbsp; 4684953 |
| Valaris Ltd.<sup>(b)(c)</sup> | 20811 | &nbsp;&nbsp; 1173949 |
| Viper Energy, Inc., Class A<sup>(c)</sup> | 10889 | &nbsp;&nbsp; 397775 |
| Weatherford International PLC | 35897 | &nbsp;&nbsp; 2685096 |
|  |  | &nbsp;&nbsp; 61554858 |
| **Financials-13.15%** | **Financials-13.15%** | **Financials-13.15%** |
| Affiliated Managers Group, Inc.<sup>(c)</sup> | 3912 | &nbsp;&nbsp; 1051663 |
| Ally Financial, Inc.<sup>(c)</sup> | 168116 | &nbsp;&nbsp; 6943191 |
| American Financial Group, Inc. | 26833 | &nbsp;&nbsp; 3695441 |
| Annaly Capital Management, Inc.<sup>(c)</sup> | 130431 | &nbsp;&nbsp; 2973827 |
| Associated Banc-Corp | 36000 | &nbsp;&nbsp; 946440 |
| Bank OZK<sup>(c)</sup> | 23596 | &nbsp;&nbsp; 1085888 |
| Brighthouse Financial, Inc.<sup>(b)</sup> | 59199 | &nbsp;&nbsp; 3880494 |
| Cadence Bank | 35033 | &nbsp;&nbsp; 1395715 |

---

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

------

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

November 30, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Financials-(continued)** | **Financials-(continued)** | **Financials-(continued)** |
| Carlyle Group, Inc. (The)<sup>(c)</sup> | 42306 | &nbsp;&nbsp; $2306946 |
| CNO Financial Group, Inc. | 50017 | &nbsp;&nbsp; 2047196 |
| Columbia Banking System, Inc. | 50004 | &nbsp;&nbsp; 1386111 |
| Comerica, Inc. | 30095 | &nbsp;&nbsp; 2419036 |
| Commerce Bancshares, Inc. | 15554 | &nbsp;&nbsp; 838516 |
| Cullen/Frost Bankers, Inc. | 10120 | &nbsp;&nbsp; 1252046 |
| East West Bancorp, Inc. | 18589 | &nbsp;&nbsp; 1983446 |
| Equitable Holdings, Inc.<sup>(c)</sup> | 121077 | &nbsp;&nbsp; 5653085 |
| Essent Group Ltd. | 8704 | &nbsp;&nbsp; 546263 |
| Euronet Worldwide, Inc.<sup>(b)(c)</sup> | 20478 | &nbsp;&nbsp; 1517215 |
| Evercore, Inc., Class A | 4353 | &nbsp;&nbsp; 1393265 |
| F.N.B. Corp. | 71313 | &nbsp;&nbsp; 1186648 |
| Federated Hermes, Inc., Class B | 14152 | &nbsp;&nbsp; 710006 |
| Fidelity National Financial, Inc. | 102294 | &nbsp;&nbsp; 6079332 |
| First American Financial Corp. | 43793 | &nbsp;&nbsp; 2879828 |
| First Financial Bankshares, Inc. | 9725 | &nbsp;&nbsp; 303809 |
| First Horizon Corp. | 96038 | &nbsp;&nbsp; 2145489 |
| FirstCash Holdings, Inc. | 10365 | &nbsp;&nbsp; 1641920 |
| Flagstar Bank N.A | 199014 | &nbsp;&nbsp; 2435931 |
| Glacier Bancorp, Inc.<sup>(c)</sup> | 12027 | &nbsp;&nbsp; 508742 |
| Hamilton Lane, Inc., Class A<sup>(c)</sup> | 2035 | &nbsp;&nbsp; 252208 |
| Hancock Whitney Corp. | 14106 | &nbsp;&nbsp; 854683 |
| Hanover Insurance Group, Inc. (The) | 16005 | &nbsp;&nbsp; 2969728 |
| Home BancShares, Inc. | 21996 | &nbsp;&nbsp; 617208 |
| Houlihan Lokey, Inc. | 5490 | &nbsp;&nbsp; 962946 |
| International Bancshares Corp.<sup>(c)</sup> | 6508 | &nbsp;&nbsp; 432652 |
| Janus Henderson Group PLC | 27114 | &nbsp;&nbsp; 1185153 |
| Jefferies Financial Group, Inc. | 61432 | &nbsp;&nbsp; 3536026 |
| Kemper Corp. | 40272 | &nbsp;&nbsp; 1639876 |
| Kinsale Capital Group, Inc. | 1801 | &nbsp;&nbsp; 693205 |
| MGIC Investment Corp. | 19025 | &nbsp;&nbsp; 539359 |
| Morningstar, Inc.<sup>(c)</sup> | 4136 | &nbsp;&nbsp; 888661 |
| Old National Bancorp | 63596 | &nbsp;&nbsp; 1381941 |
| Old Republic International Corp. | 96568 | &nbsp;&nbsp; 4451785 |
| Pinnacle Financial Partners, Inc. | 14190 | &nbsp;&nbsp; 1300939 |
| Primerica, Inc. | 5310 | &nbsp;&nbsp; 1366369 |
| Prosperity Bancshares, Inc.<sup>(c)</sup> | 11679 | &nbsp;&nbsp; 802464 |
| Reinsurance Group of America, Inc. | 50551 | &nbsp;&nbsp; 9598118 |
| RenaissanceRe Holdings Ltd. (Bermuda) | 24102 | &nbsp;&nbsp; 6294719 |
| RLI Corp. | 12015 | &nbsp;&nbsp; 740845 |
| Ryan Specialty Holdings, Inc., Class A<sup>(c)</sup> | 24735 | &nbsp;&nbsp; 1436361 |
| SEI Investments Co. | 11262 | &nbsp;&nbsp; 910645 |
| Selective Insurance Group, Inc. | 29169 | &nbsp;&nbsp; 2291517 |
| Shift4 Payments, Inc., Class A<sup>(b)(c)</sup> | 18776 | &nbsp;&nbsp; 1385293 |
| SLM Corp. | 45422 | &nbsp;&nbsp; 1330865 |
| SouthState Bank Corp. | 12487 | &nbsp;&nbsp; 1117711 |
| Starwood Property Trust, Inc. | 39132 | &nbsp;&nbsp; 717681 |
| Stifel Financial Corp. | 23706 | &nbsp;&nbsp; 2892132 |
| Synovus Financial Corp. | 31620 | &nbsp;&nbsp; 1524084 |
| Texas Capital Bancshares, Inc.<sup>(b)</sup> | 10020 | &nbsp;&nbsp; 903503 |
| UMB Financial Corp. | 12362 | &nbsp;&nbsp; 1373171 |
| United Bankshares, Inc.<sup>(c)</sup> | 19916 | &nbsp;&nbsp; 741672 |
| Unum Group | 78069 | &nbsp;&nbsp; 5930902 |
| Valley National Bancorp | 145833 | &nbsp;&nbsp; 1650830 |
| Voya Financial, Inc. | 46539 | &nbsp;&nbsp; 3271692 |
| Webster Financial Corp.<sup>(c)</sup> | 30865 | &nbsp;&nbsp; 1839554 |
| Western Alliance Bancorporation | 25436 | &nbsp;&nbsp; 2073797 |
| WEX, Inc.<sup>(b)(c)</sup> | 6818 | &nbsp;&nbsp; 1011518 |
| Wintrust Financial Corp.<sup>(c)</sup> | 13349 | &nbsp;&nbsp; 1789033 |
| Zions Bancorporation N.A. | 38158 | &nbsp;&nbsp; 2031150 |
|  |  | &nbsp;&nbsp; 137939485 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Health Care-4.95%** | **Health Care-4.95%** | **Health Care-4.95%** |
| Avantor, Inc.<sup>(b)</sup> | 235085 | &nbsp;&nbsp; $2757547 |
| BioMarin Pharmaceutical, Inc.<sup>(b)</sup> | 24831 | &nbsp;&nbsp; 1388798 |
| Bio-Rad Laboratories, Inc., Class A<sup>(b)(c)</sup> | 4106 | &nbsp;&nbsp; 1333875 |
| Bruker Corp. | 50257 | &nbsp;&nbsp; 2453044 |
| Chemed Corp. | 2481 | &nbsp;&nbsp; 1089630 |
| Cytokinetics, Inc.<sup>(b)(c)</sup> | 734 | &nbsp;&nbsp; 50007 |
| DENTSPLY SIRONA, Inc.<sup>(c)</sup> | 119257 | &nbsp;&nbsp; 1352374 |
| Doximity, Inc., Class A<sup>(b)</sup> | 3827 | &nbsp;&nbsp; 196861 |
| Elanco Animal Health, Inc.<sup>(b)(c)</sup> | 108878 | &nbsp;&nbsp; 2533591 |
| Encompass Health Corp. | 20246 | &nbsp;&nbsp; 2352990 |
| Ensign Group, Inc. (The) | 12362 | &nbsp;&nbsp; 2293646 |
| Envista Holdings Corp.<sup>(b)(c)</sup> | 54449 | &nbsp;&nbsp; 1137984 |
| Exelixis, Inc.<sup>(b)</sup> | 26212 | &nbsp;&nbsp; 1157784 |
| Globus Medical, Inc., Class A<sup>(b)</sup> | 20001 | &nbsp;&nbsp; 1820891 |
| Haemonetics Corp.<sup>(b)</sup> | 11092 | &nbsp;&nbsp; 902334 |
| Halozyme Therapeutics, Inc.<sup>(b)</sup> | 6885 | &nbsp;&nbsp; 491589 |
| HealthEquity, Inc.<sup>(b)</sup> | 6125 | &nbsp;&nbsp; 644228 |
| Hims & Hers Health, Inc.<sup>(b)(c)</sup> | 18682 | &nbsp;&nbsp; 742796 |
| Illumina, Inc.<sup>(b)</sup> | 19957 | &nbsp;&nbsp; 2623348 |
| Jazz Pharmaceuticals PLC<sup>(b)(c)</sup> | 14331 | &nbsp;&nbsp; 2529851 |
| Lantheus Holdings, Inc.<sup>(b)</sup> | 12848 | &nbsp;&nbsp; 756362 |
| LivaNova PLC<sup>(b)</sup> | 10245 | &nbsp;&nbsp; 653733 |
| Masimo Corp.<sup>(b)(c)</sup> | 5622 | &nbsp;&nbsp; 800742 |
| Medpace Holdings, Inc.<sup>(b)</sup> | 2111 | &nbsp;&nbsp; 1250683 |
| Neurocrine Biosciences, Inc.<sup>(b)</sup> | 7889 | &nbsp;&nbsp; 1200390 |
| Option Care Health, Inc.<sup>(b)(c)</sup> | 83340 | &nbsp;&nbsp; 2591874 |
| Penumbra, Inc.<sup>(b)</sup> | 2103 | &nbsp;&nbsp; 616537 |
| Perrigo Co. PLC | 87036 | &nbsp;&nbsp; 1161931 |
| Repligen Corp.<sup>(b)</sup> | 2482 | &nbsp;&nbsp; 424472 |
| Roivant Sciences Ltd.<sup>(b)(c)</sup> | 753 | &nbsp;&nbsp; 15670 |
| Sotera Health Co.<sup>(b)</sup> | 31641 | &nbsp;&nbsp; 553085 |
| Tenet Healthcare Corp.<sup>(b)</sup> | 48025 | &nbsp;&nbsp; 10413741 |
| United Therapeutics Corp.<sup>(b)</sup> | 3453 | &nbsp;&nbsp; 1678158 |
|  |  | &nbsp;&nbsp; 51970546 |
| **Industrials-21.67%** | **Industrials-21.67%** | **Industrials-21.67%** |
| AAON, Inc. | 6587 | &nbsp;&nbsp; 615753 |
| Acuity, Inc. | 5625 | &nbsp;&nbsp; 2061112 |
| Advanced Drainage Systems, Inc. | 9212 | &nbsp;&nbsp; 1403725 |
| AECOM | 57074 | &nbsp;&nbsp; 5886042 |
| AeroVironment, Inc.<sup>(b)</sup> | 1479 | &nbsp;&nbsp; 413321 |
| AGCO Corp. | 42292 | &nbsp;&nbsp; 4481260 |
| Alaska Air Group, Inc.<sup>(b)(c)</sup> | 95835 | &nbsp;&nbsp; 4107488 |
| American Airlines Group, Inc.<sup>(b)(c)</sup> | 1884990 | &nbsp;&nbsp; 26484109 |
| API Group Corp.<sup>(b)</sup> | 93620 | &nbsp;&nbsp; 3703607 |
| Applied Industrial Technologies, Inc. | 7707 | &nbsp;&nbsp; 1994726 |
| ATI, Inc.<sup>(b)</sup> | 26271 | &nbsp;&nbsp; 2648117 |
| Avis Budget Group, Inc.<sup>(b)(c)</sup> | 33374 | &nbsp;&nbsp; 4534859 |
| Brink's Co. (The) | 19751 | &nbsp;&nbsp; 2218630 |
| BWX Technologies, Inc. | 7652 | &nbsp;&nbsp; 1368790 |
| CACI International, Inc., Class A<sup>(b)</sup> | 7897 | &nbsp;&nbsp; 4873239 |
| Carlisle Cos., Inc.<sup>(c)</sup> | 5891 | &nbsp;&nbsp; 1873750 |
| Carpenter Technology Corp. | 5180 | &nbsp;&nbsp; 1650037 |
| Chart Industries, Inc.<sup>(b)(c)</sup> | 9502 | &nbsp;&nbsp; 1937933 |
| Clean Harbors, Inc.<sup>(b)</sup> | 11287 | &nbsp;&nbsp; 2568470 |
| CNH Industrial N.V.<sup>(c)</sup> | 716842 | &nbsp;&nbsp; 6759820 |
| Comfort Systems USA, Inc. | 4570 | &nbsp;&nbsp; 4464616 |
| Concentrix Corp.<sup>(c)</sup> | 82825 | &nbsp;&nbsp; 2999093 |
| Core & Main, Inc., Class A<sup>(b)</sup> | 69669 | &nbsp;&nbsp; 3367799 |
| Crane Co. | 5530 | &nbsp;&nbsp; 1013372 |
| Curtiss-Wright Corp. | 2971 | &nbsp;&nbsp; 1676506 |
| Donaldson Co., Inc. | 20489 | &nbsp;&nbsp; 1841961 |
| EnerSys | 15664 | &nbsp;&nbsp; 2241675 |

---

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

------

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

November 30, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Industrials-(continued)** | **Industrials-(continued)** | **Industrials-(continued)** |
| ESAB Corp. | 10726 | &nbsp;&nbsp; $1203886 |
| ExlService Holdings, Inc.<sup>(b)</sup> | 20431 | &nbsp;&nbsp; 811724 |
| Exponent, Inc. | 3566 | &nbsp;&nbsp; 257822 |
| Flowserve Corp. | 36778 | &nbsp;&nbsp; 2624110 |
| Fluor Corp.<sup>(b)</sup> | 175820 | &nbsp;&nbsp; 7547953 |
| Fortune Brands Innovations, Inc.<sup>(c)</sup> | 34069 | &nbsp;&nbsp; 1758982 |
| FTI Consulting, Inc.<sup>(b)(c)</sup> | 10085 | &nbsp;&nbsp; 1645368 |
| GATX Corp.<sup>(c)</sup> | 4381 | &nbsp;&nbsp; 700653 |
| Genpact Ltd. | 50998 | &nbsp;&nbsp; 2246972 |
| Graco, Inc.<sup>(c)</sup> | 11335 | &nbsp;&nbsp; 934457 |
| GXO Logistics, Inc.<sup>(b)(c)</sup> | 112409 | &nbsp;&nbsp; 5703633 |
| Hexcel Corp. | 13375 | &nbsp;&nbsp; 1019576 |
| Insperity, Inc. | 58252 | &nbsp;&nbsp; 2060373 |
| ITT, Inc. | 9457 | &nbsp;&nbsp; 1741601 |
| KBR, Inc. | 72091 | &nbsp;&nbsp; 2971591 |
| Kirby Corp.<sup>(b)(c)</sup> | 16752 | &nbsp;&nbsp; 1901687 |
| Knight-Swift Transportation Holdings, Inc. | 79739 | &nbsp;&nbsp; 3652046 |
| &nbsp;&nbsp;&nbsp; Kratos Defense & Security Solutions, <br> Inc.<sup>(b)</sup><br>| 8187 | &nbsp;&nbsp; 623031 |
| Landstar System, Inc.<sup>(c)</sup> | 16423 | &nbsp;&nbsp; 2148785 |
| Lincoln Electric Holdings, Inc. | 7537 | &nbsp;&nbsp; 1804584 |
| MasTec, Inc.<sup>(b)</sup> | 30587 | &nbsp;&nbsp; 6541947 |
| Maximus, Inc. | 27579 | &nbsp;&nbsp; 2374276 |
| Middleby Corp. (The)<sup>(b)</sup> | 12396 | &nbsp;&nbsp; 1465207 |
| MSA Safety, Inc. | 4789 | &nbsp;&nbsp; 772466 |
| MSC Industrial Direct Co., Inc., Class A<sup>(c)</sup> | 18190 | &nbsp;&nbsp; 1618182 |
| Mueller Industries, Inc. | 18516 | &nbsp;&nbsp; 2034353 |
| Nextracker, Inc., Class A<sup>(b)</sup> | 20438 | &nbsp;&nbsp; 1872530 |
| nVent Electric PLC | 15458 | &nbsp;&nbsp; 1658180 |
| Oshkosh Corp. | 33904 | &nbsp;&nbsp; 4345815 |
| Owens Corning | 32547 | &nbsp;&nbsp; 3685622 |
| Parsons Corp.<sup>(b)(c)</sup> | 39742 | &nbsp;&nbsp; 3365353 |
| Paylocity Holding Corp.<sup>(b)</sup> | 4173 | &nbsp;&nbsp; 614808 |
| RB Global, Inc. (Canada) | 16920 | &nbsp;&nbsp; 1661544 |
| RBC Bearings, Inc.<sup>(b)</sup> | 1959 | &nbsp;&nbsp; 871696 |
| Regal Rexnord Corp. | 18416 | &nbsp;&nbsp; 2688552 |
| Ryder System, Inc. | 30324 | &nbsp;&nbsp; 5252420 |
| Saia, Inc.<sup>(b)</sup> | 4676 | &nbsp;&nbsp; 1316575 |
| Science Applications International Corp. | 32181 | &nbsp;&nbsp; 2774324 |
| Sensata Technologies Holding PLC<sup>(c)</sup> | 53012 | &nbsp;&nbsp; 1700095 |
| Simpson Manufacturing Co., Inc.<sup>(c)</sup> | 5286 | &nbsp;&nbsp; 884771 |
| Terex Corp.<sup>(c)</sup> | 43779 | &nbsp;&nbsp; 2023028 |
| Tetra Tech, Inc. | 68484 | &nbsp;&nbsp; 2379134 |
| Timken Co. (The) | 26298 | &nbsp;&nbsp; 2140394 |
| Toro Co. (The)<sup>(c)</sup> | 25628 | &nbsp;&nbsp; 1787297 |
| TransUnion | 21623 | &nbsp;&nbsp; 1839036 |
| Trex Co., Inc.<sup>(b)(c)</sup> | 8332 | &nbsp;&nbsp; 291453 |
| UFP Industries, Inc. | 29197 | &nbsp;&nbsp; 2715029 |
| Valmont Industries, Inc. | 4807 | &nbsp;&nbsp; 1985147 |
| Watsco, Inc. | 8562 | &nbsp;&nbsp; 2965877 |
| Watts Water Technologies, Inc., Class A | 3652 | &nbsp;&nbsp; 1007514 |
| WESCO International, Inc. | 46102 | &nbsp;&nbsp; 12328136 |
| Woodward, Inc. | 6389 | &nbsp;&nbsp; 1916892 |
| XPO, Inc.<sup>(b)(c)</sup> | 27474 | &nbsp;&nbsp; 3902956 |
|  |  | &nbsp;&nbsp; 227329253 |
| **Information Technology-10.09%** | **Information Technology-10.09%** | **Information Technology-10.09%** |
| Allegro MicroSystems, Inc. (Japan)<sup>(b)(c)</sup> | 11041 | &nbsp;&nbsp; 294684 |
| Amkor Technology, Inc. | 113417 | &nbsp;&nbsp; 4127245 |
| AppFolio, Inc., Class A<sup>(b)</sup> | 1393 | &nbsp;&nbsp; 317994 |
| Arrow Electronics, Inc.<sup>(b)(c)</sup> | 99833 | &nbsp;&nbsp; 10782962 |
| ASGN, Inc.<sup>(b)</sup> | 35044 | &nbsp;&nbsp; 1577330 |
| Avnet, Inc. | 183374 | &nbsp;&nbsp; 8712099 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Information Technology-(continued)** | **Information Technology-(continued)** | **Information Technology-(continued)** |
| Belden, Inc. | 8932 | &nbsp;&nbsp; $1012889 |
| BILL Holdings, Inc.<sup>(b)(c)</sup> | 12278 | &nbsp;&nbsp; 615742 |
| Blackbaud, Inc.<sup>(b)</sup> | 7368 | &nbsp;&nbsp; 415408 |
| Ciena Corp.<sup>(b)</sup> | 15567 | &nbsp;&nbsp; 3178937 |
| Cirrus Logic, Inc.<sup>(b)</sup> | 7578 | &nbsp;&nbsp; 911936 |
| Cognex Corp. | 9265 | &nbsp;&nbsp; 352996 |
| Coherent Corp.<sup>(b)</sup> | 24985 | &nbsp;&nbsp; 4104036 |
| Commvault Systems, Inc.<sup>(b)</sup> | 2635 | &nbsp;&nbsp; 325422 |
| Crane NXT Co. | 11209 | &nbsp;&nbsp; 631067 |
| DocuSign, Inc.<sup>(b)</sup> | 17477 | &nbsp;&nbsp; 1212030 |
| Dolby Laboratories, Inc., Class A | 8403 | &nbsp;&nbsp; 566782 |
| Dropbox, Inc., Class A<sup>(b)(c)</sup> | 36704 | &nbsp;&nbsp; 1096715 |
| Dynatrace, Inc.<sup>(b)</sup> | 16514 | &nbsp;&nbsp; 735864 |
| Entegris, Inc. | 18061 | &nbsp;&nbsp; 1393226 |
| Fabrinet (Thailand)<sup>(b)(c)</sup> | 4077 | &nbsp;&nbsp; 1873015 |
| Flex Ltd.<sup>(b)</sup> | 199935 | &nbsp;&nbsp; 11818158 |
| Guidewire Software, Inc.<sup>(b)</sup> | 2122 | &nbsp;&nbsp; 458310 |
| IPG Photonics Corp.<sup>(b)(c)</sup> | 5128 | &nbsp;&nbsp; 408394 |
| Kyndryl Holdings, Inc.<sup>(b)(c)</sup> | 207371 | &nbsp;&nbsp; 5356393 |
| Lattice Semiconductor Corp.<sup>(b)(c)</sup> | 3297 | &nbsp;&nbsp; 231482 |
| Littelfuse, Inc. | 3835 | &nbsp;&nbsp; 981837 |
| Lumentum Holdings, Inc.<sup>(b)</sup> | 4424 | &nbsp;&nbsp; 1438508 |
| &nbsp;&nbsp;&nbsp; MACOM Technology Solutions Holdings, <br> Inc.<sup>(b)</sup><br>| 3061 | &nbsp;&nbsp; 535644 |
| Manhattan Associates, Inc.<sup>(b)</sup> | 2219 | &nbsp;&nbsp; 391543 |
| MKS, Inc. | 15049 | &nbsp;&nbsp; 2353513 |
| Novanta, Inc.<sup>(b)</sup> | 3669 | &nbsp;&nbsp; 417019 |
| Nutanix, Inc., Class A<sup>(b)</sup> | 14585 | &nbsp;&nbsp; 697163 |
| Okta, Inc.<sup>(b)(c)</sup> | 13628 | &nbsp;&nbsp; 1094737 |
| Onto Innovation, Inc.<sup>(b)</sup> | 4320 | &nbsp;&nbsp; 618451 |
| Pegasystems, Inc. | 13154 | &nbsp;&nbsp; 720445 |
| Power Integrations, Inc. | 4393 | &nbsp;&nbsp; 147605 |
| Pure Storage, Inc., Class A<sup>(b)(c)</sup> | 18374 | &nbsp;&nbsp; 1634551 |
| Qualys, Inc.<sup>(b)</sup> | 2161 | &nbsp;&nbsp; 304377 |
| Rambus, Inc.<sup>(b)</sup> | 3693 | &nbsp;&nbsp; 352940 |
| Silicon Laboratories, Inc.<sup>(b)</sup> | 2361 | &nbsp;&nbsp; 301216 |
| Synaptics, Inc.<sup>(b)(c)</sup> | 6873 | &nbsp;&nbsp; 470869 |
| TD SYNNEX Corp.<sup>(c)</sup> | 176188 | &nbsp;&nbsp; 26865146 |
| Twilio, Inc., Class A<sup>(b)</sup> | 20188 | &nbsp;&nbsp; 2618182 |
| Universal Display Corp. | 2153 | &nbsp;&nbsp; 256056 |
| Vontier Corp.<sup>(c)</sup> | 31545 | &nbsp;&nbsp; 1144453 |
|  |  | &nbsp;&nbsp; 105855371 |
| **Materials-6.29%** | **Materials-6.29%** | **Materials-6.29%** |
| Alcoa Corp.<sup>(c)</sup> | 187746 | &nbsp;&nbsp; 7836518 |
| AptarGroup, Inc.<sup>(c)</sup> | 11793 | &nbsp;&nbsp; 1471177 |
| Ashland, Inc. | 15612 | &nbsp;&nbsp; 825875 |
| Avient Corp. | 39710 | &nbsp;&nbsp; 1214729 |
| Axalta Coating Systems Ltd.<sup>(b)</sup> | 74770 | &nbsp;&nbsp; 2252820 |
| Cabot Corp. | 21447 | &nbsp;&nbsp; 1341939 |
| Cleveland-Cliffs, Inc.<sup>(b)(c)</sup> | 722852 | &nbsp;&nbsp; 9425990 |
| Commercial Metals Co. | 58873 | &nbsp;&nbsp; 3754920 |
| Crown Holdings, Inc. | 56627 | &nbsp;&nbsp; 5483192 |
| Eagle Materials, Inc. | 4406 | &nbsp;&nbsp; 985710 |
| Graphic Packaging Holding Co.<sup>(c)</sup> | 185376 | &nbsp;&nbsp; 2999384 |
| Greif, Inc., Class A | 38033 | &nbsp;&nbsp; 2496106 |
| Knife River Corp.<sup>(b)(c)</sup> | 16703 | &nbsp;&nbsp; 1250052 |
| Louisiana-Pacific Corp.<sup>(c)</sup> | 13442 | &nbsp;&nbsp; 1102378 |
| MP Materials Corp.<sup>(b)(c)</sup> | 1714 | &nbsp;&nbsp; 106182 |
| NewMarket Corp. | 1519 | &nbsp;&nbsp; 1159802 |
| Olin Corp. | 116256 | &nbsp;&nbsp; 2453001 |
| Reliance, Inc. | 20896 | &nbsp;&nbsp; 5836671 |
| Royal Gold, Inc.<sup>(c)</sup> | 1890 | &nbsp;&nbsp; 385258 |

---

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

------

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

November 30, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Materials-(continued)** | **Materials-(continued)** | **Materials-(continued)** |
| RPM International, Inc. | 26336 | &nbsp;&nbsp; $2824536 |
| Scotts Miracle-Gro Co. (The) | 25263 | &nbsp;&nbsp; 1430391 |
| Silgan Holdings, Inc. | 62273 | &nbsp;&nbsp; 2468502 |
| Sonoco Products Co. | 64345 | &nbsp;&nbsp; 2713429 |
| Westlake Corp. | 61702 | &nbsp;&nbsp; 4122311 |
|  |  | &nbsp;&nbsp; 65940873 |
| **Real Estate-2.40%** | **Real Estate-2.40%** | **Real Estate-2.40%** |
| Agree Realty Corp. | 4067 | &nbsp;&nbsp; 305920 |
| American Homes 4 Rent, Class A | 23596 | &nbsp;&nbsp; 757904 |
| Brixmor Property Group, Inc. | 21289 | &nbsp;&nbsp; 556494 |
| COPT Defense Properties | 10884 | &nbsp;&nbsp; 334465 |
| Cousins Properties, Inc. | 14028 | &nbsp;&nbsp; 361642 |
| CubeSmart | 11884 | &nbsp;&nbsp; 442441 |
| EastGroup Properties, Inc. | 1833 | &nbsp;&nbsp; 332103 |
| EPR Properties | 5716 | &nbsp;&nbsp; 298775 |
| Equity LifeStyle Properties, Inc.<sup>(c)</sup> | 11256 | &nbsp;&nbsp; 707665 |
| First Industrial Realty Trust, Inc. | 6059 | &nbsp;&nbsp; 346817 |
| Gaming and Leisure Properties, Inc. | 14410 | &nbsp;&nbsp; 627267 |
| Healthcare Realty Trust, Inc.<sup>(c)</sup> | 29564 | &nbsp;&nbsp; 538952 |
| Independence Realty Trust, Inc.<sup>(c)</sup> | 16431 | &nbsp;&nbsp; 281792 |
| Jones Lang LaSalle, Inc.<sup>(b)</sup> | 35762 | &nbsp;&nbsp; 11647326 |
| Kilroy Realty Corp.<sup>(c)</sup> | 11955 | &nbsp;&nbsp; 512750 |
| Kite Realty Group Trust<sup>(c)</sup> | 16992 | &nbsp;&nbsp; 393195 |
| Lamar Advertising Co., Class A | 7831 | &nbsp;&nbsp; 1036746 |
| National Storage Affiliates Trust<sup>(c)</sup> | 10561 | &nbsp;&nbsp; 311021 |
| NNN REIT, Inc.<sup>(c)</sup> | 9276 | &nbsp;&nbsp; 383563 |
| Omega Healthcare Investors, Inc. | 11590 | &nbsp;&nbsp; 532213 |
| Park Hotels & Resorts, Inc.<sup>(c)</sup> | 96464 | &nbsp;&nbsp; 1043740 |
| PotlatchDeltic Corp.<sup>(c)</sup> | 11274 | &nbsp;&nbsp; 453666 |
| Rayonier, Inc. | 18803 | &nbsp;&nbsp; 417615 |
| Rexford Industrial Realty, Inc.<sup>(c)</sup> | 10179 | &nbsp;&nbsp; 423548 |
| Sabra Health Care REIT, Inc. | 16978 | &nbsp;&nbsp; 331241 |
| STAG Industrial, Inc. | 9940 | &nbsp;&nbsp; 390443 |
| Vornado Realty Trust | 19763 | &nbsp;&nbsp; 727674 |
| W.P. Carey, Inc. | 10793 | &nbsp;&nbsp; 727124 |
|  |  | &nbsp;&nbsp; 25224102 |
| **Utilities-2.02%** | **Utilities-2.02%** | **Utilities-2.02%** |
| ALLETE, Inc. | 10647 | &nbsp;&nbsp; 719950 |
| Black Hills Corp. | 17003 | &nbsp;&nbsp; 1254651 |
| Essential Utilities, Inc. | 27276 | &nbsp;&nbsp; 1079857 |
| IDACORP, Inc. | 6458 | &nbsp;&nbsp; 851035 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Utilities-(continued)** | **Utilities-(continued)** | **Utilities-(continued)** |
| National Fuel Gas Co.<sup>(c)</sup> | 10670 | &nbsp;&nbsp; $879742 |
| New Jersey Resources Corp.<sup>(c)</sup> | 19750 | &nbsp;&nbsp; 949580 |
| NorthWestern Energy Group, Inc.<sup>(c)</sup> | 11948 | &nbsp;&nbsp; 825487 |
| OGE Energy Corp. | 32564 | &nbsp;&nbsp; 1490780 |
| ONE Gas, Inc. | 13788 | &nbsp;&nbsp; 1154607 |
| Ormat Technologies, Inc. | 4396 | &nbsp;&nbsp; 496352 |
| Portland General Electric Co. | 34294 | &nbsp;&nbsp; 1742821 |
| Southwest Gas Holdings, Inc. | 26936 | &nbsp;&nbsp; 2237035 |
| Spire, Inc.<sup>(c)</sup> | 14205 | &nbsp;&nbsp; 1259415 |
| Talen Energy Corp.<sup>(b)</sup> | 4065 | &nbsp;&nbsp; 1602708 |
| TXNM Energy, Inc. | 15817 | &nbsp;&nbsp; 924504 |
| UGI Corp. | 94943 | &nbsp;&nbsp; 3754996 |
|  |  | &nbsp;&nbsp; 21223520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $915,645,526) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $915,645,526) | &nbsp;&nbsp; 1048020125 |
| **Money Market Funds-0.04%** | **Money Market Funds-0.04%** | **Money Market Funds-0.04%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 3.91%<sup>(d)(e)</sup> <br>(Cost $404,685)<br>| 404685 | &nbsp;&nbsp; 404685 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.93% <br>(Cost $916,050,211) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.93% <br>(Cost $916,050,211) | &nbsp;&nbsp; 1048424810 |
| **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-14.26%** | **Money Market Funds-14.26%** | **Money Market Funds-14.26%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 4.00%<sup>(d)(e)(f)</sup><br>| 41446992 | &nbsp;&nbsp; 41446992 |
| Invesco Private Prime Fund, 4.12%<sup>(d)(e)(f)</sup> | 108106755 | &nbsp;&nbsp; 108139187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $149,586,179) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $149,586,179) | &nbsp;&nbsp; 149586179 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-114.19% <br>(Cost $1,065,636,390) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-114.19% <br>(Cost $1,065,636,390) | &nbsp;&nbsp; 1198010989 |
| OTHER ASSETS LESS LIABILITIES-(14.19)% | OTHER ASSETS LESS LIABILITIES-(14.19)% | &nbsp;&nbsp; (148828100)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $1049182889 |

---

&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 November 30, 2025. |
| <sup>(d)</sup> | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in <br> which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund's transactions in, and earnings from, its investments in <br> affiliates for the three months ended November 30, 2025.<br>|

---

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

------

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

November 30, 2025

*(Unaudited)*

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**August 31, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>| **Realized** <br>**Gain**<br>| **Value** <br>**November 30, 2025**<br>| **Dividend Income** |
| **Investments in** <br> **Affiliated Money** <br> **Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government <br> & Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $5608843 | &nbsp;&nbsp;&nbsp; $(5204158)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $404685 | &nbsp;&nbsp;&nbsp; $4328 |
| **Investments** <br> **Purchased with** <br> **Cash Collateral** <br> **from Securities on** <br> **Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; 51296858 | &nbsp;&nbsp;&nbsp; 107361149 | &nbsp;&nbsp;&nbsp; (117211015)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 41446992 | &nbsp;&nbsp;&nbsp; 492,189<br> \*<br>|
| &nbsp;&nbsp; Invesco Private <br> Prime Fund<br>| &nbsp;&nbsp;&nbsp; 137561637 | &nbsp;&nbsp;&nbsp; 228680686 | &nbsp;&nbsp;&nbsp; (258103701)<br>| &nbsp;&nbsp;&nbsp; (12283)<br>| &nbsp;&nbsp;&nbsp; 12848 | &nbsp;&nbsp;&nbsp; 108139187 | &nbsp;&nbsp;&nbsp; 1,345,035<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $188858495 | &nbsp;&nbsp;&nbsp; $341650678 | &nbsp;&nbsp;&nbsp; $(380518874)<br>| &nbsp;&nbsp;&nbsp; $(12283)<br>| &nbsp;&nbsp;&nbsp; $12848 | &nbsp;&nbsp;&nbsp; $149990864 | &nbsp;&nbsp;&nbsp; $1841552 |

---

&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 November 30, 2025. <br> <sup>(f)</sup> The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower's return of the securities loaned.

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

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

------

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

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

November 30, 2025

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-99.86%** | **Common Stocks & Other Equity Interests-99.86%** | **Common Stocks & Other Equity Interests-99.86%** |
| **Communication Services-3.59%** | **Communication Services-3.59%** | **Communication Services-3.59%** |
| Angi, Inc.<sup>(b)(c)</sup> | 70560 | &nbsp;&nbsp; $805795 |
| Cable One, Inc.<sup>(c)</sup> | 10985 | &nbsp;&nbsp; 1287332 |
| CarGurus, Inc.<sup>(b)</sup> | 29208 | &nbsp;&nbsp; 1030458 |
| Cars.com, Inc.<sup>(b)(c)</sup> | 60823 | &nbsp;&nbsp; 705547 |
| Cinemark Holdings, Inc. | 137425 | &nbsp;&nbsp; 3762697 |
| Cogent Communications Holdings, Inc.<sup>(c)</sup> | 31937 | &nbsp;&nbsp; 609358 |
| DoubleVerify Holdings, Inc.<sup>(b)</sup> | 57776 | &nbsp;&nbsp; 608959 |
| Gogo, Inc.<sup>(b)(c)</sup> | 76214 | &nbsp;&nbsp; 544930 |
| IAC, Inc.<sup>(b)(c)</sup> | 99718 | &nbsp;&nbsp; 3497110 |
| John Wiley & Sons, Inc., Class A<sup>(c)</sup> | 47516 | &nbsp;&nbsp; 1727682 |
| Lumen Technologies, Inc.<sup>(b)</sup> | 2408460 | &nbsp;&nbsp; 19532611 |
| &nbsp;&nbsp;&nbsp; Madison Square Garden Sports Corp., <br> Class A<sup>(b)(c)</sup><br>| 5743 | &nbsp;&nbsp; 1309576 |
| QuinStreet, Inc.<sup>(b)</sup> | 77772 | &nbsp;&nbsp; 1085697 |
| Scholastic Corp.<sup>(c)</sup> | 71187 | &nbsp;&nbsp; 2102864 |
| Shenandoah Telecommunications Co.<sup>(c)</sup> | 29420 | &nbsp;&nbsp; 321561 |
| Shutterstock, Inc. | 58638 | &nbsp;&nbsp; 1220843 |
| TEGNA, Inc. | 168678 | &nbsp;&nbsp; 3292595 |
| Telephone and Data Systems, Inc. | 143608 | &nbsp;&nbsp; 5783094 |
| Thryv Holdings, Inc.<sup>(b)(c)</sup> | 67967 | &nbsp;&nbsp; 382654 |
| TripAdvisor, Inc.<sup>(b)(c)</sup> | 122829 | &nbsp;&nbsp; 1826467 |
| Uniti Group, Inc.<sup>(b)(c)</sup> | 201457 | &nbsp;&nbsp; 1283281 |
| Yelp, Inc.<sup>(b)</sup> | 54051 | &nbsp;&nbsp; 1562615 |
| Ziff Davis, Inc.<sup>(b)(c)</sup> | 45994 | &nbsp;&nbsp; 1509523 |
|  |  | &nbsp;&nbsp; 55793249 |
| **Consumer Discretionary-24.46%** | **Consumer Discretionary-24.46%** | **Consumer Discretionary-24.46%** |
| Academy Sports & Outdoors, Inc.<sup>(c)</sup> | 143203 | &nbsp;&nbsp; 6909545 |
| Acushnet Holdings Corp.<sup>(c)</sup> | 39015 | &nbsp;&nbsp; 3281161 |
| Adient PLC<sup>(b)</sup> | 702050 | &nbsp;&nbsp; 13661893 |
| Adtalem Global Education, Inc.<sup>(b)</sup> | 15266 | &nbsp;&nbsp; 1413021 |
| Advance Auto Parts, Inc.<sup>(c)</sup> | 170711 | &nbsp;&nbsp; 8856487 |
| &nbsp;&nbsp;&nbsp; American Axle & Manufacturing Holdings, <br> Inc.<sup>(b)(c)</sup><br>| 1135035 | &nbsp;&nbsp; 7457180 |
| American Eagle Outfitters, Inc.<sup>(c)</sup> | 316294 | &nbsp;&nbsp; 6452398 |
| Asbury Automotive Group, Inc.<sup>(b)(c)</sup> | 80566 | &nbsp;&nbsp; 18737235 |
| BJ's Restaurants, Inc.<sup>(b)(c)</sup> | 51041 | &nbsp;&nbsp; 1957422 |
| Bloomin' Brands, Inc. | 682177 | &nbsp;&nbsp; 4843457 |
| Boot Barn Holdings, Inc.<sup>(b)</sup> | 12489 | &nbsp;&nbsp; 2420618 |
| BorgWarner, Inc. | 375360 | &nbsp;&nbsp; 16163001 |
| Brinker International, Inc.<sup>(b)</sup> | 40278 | &nbsp;&nbsp; 6194354 |
| Buckle, Inc. (The)<sup>(c)</sup> | 24433 | &nbsp;&nbsp; 1379976 |
| Caesars Entertainment, Inc.<sup>(b)(c)</sup> | 512632 | &nbsp;&nbsp; 11928947 |
| Carter's, Inc. | 115264 | &nbsp;&nbsp; 3678074 |
| Cavco Industries, Inc.<sup>(b)</sup> | 4495 | &nbsp;&nbsp; 2677447 |
| Century Communities, Inc. | 72997 | &nbsp;&nbsp; 4765974 |
| Champion Homes, Inc.<sup>(b)</sup> | 39472 | &nbsp;&nbsp; 3388277 |
| Cheesecake Factory, Inc. (The)<sup>(c)</sup> | 72750 | &nbsp;&nbsp; 3467265 |
| Cracker Barrel Old Country Store, Inc.<sup>(c)</sup> | 82793 | &nbsp;&nbsp; 2391890 |
| Dana, Inc. | 505762 | &nbsp;&nbsp; 11334126 |
| Dave & Buster's Entertainment, Inc.<sup>(b)(c)</sup> | 110773 | &nbsp;&nbsp; 1937420 |
| Dorman Products, Inc.<sup>(b)</sup> | 15260 | &nbsp;&nbsp; 2018440 |
| Dream Finders Homes, Inc., Class A<sup>(b)(c)</sup> | 188765 | &nbsp;&nbsp; 3731884 |
| Ethan Allen Interiors, Inc. | 23458 | &nbsp;&nbsp; 554547 |
| Etsy, Inc.<sup>(b)</sup> | 57219 | &nbsp;&nbsp; 3102414 |
| Fox Factory Holding Corp.<sup>(b)</sup> | 57911 | &nbsp;&nbsp; 856504 |
| Frontdoor, Inc.<sup>(b)</sup> | 35523 | &nbsp;&nbsp; 1915755 |
| Gentherm, Inc.<sup>(b)</sup> | 47063 | &nbsp;&nbsp; 1678737 |
| G-III Apparel Group Ltd.<sup>(b)(c)</sup> | 136111 | &nbsp;&nbsp; 3967636 |
| Golden Entertainment, Inc. | 29987 | &nbsp;&nbsp; 900210 |
| Green Brick Partners, Inc.<sup>(b)</sup> | 34094 | &nbsp;&nbsp; 2314301 |
| Group 1 Automotive, Inc. | 53874 | &nbsp;&nbsp; 21605629 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Consumer Discretionary-(continued)** | **Consumer Discretionary-(continued)** | **Consumer Discretionary-(continued)** |
| Guess?, Inc.<sup>(c)</sup> | 215306 | &nbsp;&nbsp; $3673120 |
| Hanesbrands, Inc.<sup>(b)</sup> | 663093 | &nbsp;&nbsp; 4290212 |
| Helen of Troy Ltd.<sup>(b)(c)</sup> | 90161 | &nbsp;&nbsp; 1708551 |
| Installed Building Products, Inc.<sup>(c)</sup> | 12939 | &nbsp;&nbsp; 3467911 |
| Kohl's Corp.<sup>(c)</sup> | 1142448 | &nbsp;&nbsp; 28092796 |
| Kontoor Brands, Inc. | 40044 | &nbsp;&nbsp; 2977271 |
| La-Z-Boy, Inc. | 70799 | &nbsp;&nbsp; 2755497 |
| LCI Industries | 43916 | &nbsp;&nbsp; 4991932 |
| Leggett & Platt, Inc.<sup>(c)</sup> | 491830 | &nbsp;&nbsp; 5046176 |
| LGI Homes, Inc.<sup>(b)(c)</sup> | 38812 | &nbsp;&nbsp; 2019000 |
| M/I Homes, Inc.<sup>(b)</sup> | 34214 | &nbsp;&nbsp; 4707504 |
| MarineMax, Inc.<sup>(b)(c)</sup> | 104402 | &nbsp;&nbsp; 2440919 |
| Matthews International Corp., Class A | 76628 | &nbsp;&nbsp; 1880451 |
| Meritage Homes Corp. | 91414 | &nbsp;&nbsp; 6680535 |
| Mister Car Wash, Inc.<sup>(b)(c)</sup> | 223296 | &nbsp;&nbsp; 1192401 |
| Monarch Casino & Resort, Inc. | 5803 | &nbsp;&nbsp; 560454 |
| Monro, Inc. | 82639 | &nbsp;&nbsp; 1546176 |
| National Vision Holdings, Inc.<sup>(b)(c)</sup> | 95722 | &nbsp;&nbsp; 2761580 |
| Newell Brands, Inc. | 1411126 | &nbsp;&nbsp; 5150610 |
| Oxford Industries, Inc.<sup>(c)</sup> | 43381 | &nbsp;&nbsp; 1655419 |
| Papa John's International, Inc. | 47926 | &nbsp;&nbsp; 2016247 |
| Patrick Industries, Inc. | 39743 | &nbsp;&nbsp; 4300987 |
| PENN Entertainment, Inc.<sup>(b)(c)</sup> | 389021 | &nbsp;&nbsp; 5773072 |
| Perdoceo Education Corp. | 25959 | &nbsp;&nbsp; 725814 |
| Phinia, Inc. | 67214 | &nbsp;&nbsp; 3635605 |
| &nbsp;&nbsp;&nbsp; Pursuit Attractions and Hospitality, <br> Inc.<sup>(b)(c)</sup><br>| 20289 | &nbsp;&nbsp; 696521 |
| Sabre Corp.<sup>(b)</sup> | 1991613 | &nbsp;&nbsp; 3206497 |
| Sally Beauty Holdings, Inc.<sup>(b)(c)</sup> | 291936 | &nbsp;&nbsp; 4630105 |
| Shake Shack, Inc., Class A<sup>(b)(c)</sup> | 15399 | &nbsp;&nbsp; 1347104 |
| Shoe Carnival, Inc.<sup>(c)</sup> | 54423 | &nbsp;&nbsp; 899068 |
| Signet Jewelers Ltd.<sup>(c)</sup> | 85616 | &nbsp;&nbsp; 8575298 |
| Six Flags Entertainment Corp.<sup>(b)(c)</sup> | 169364 | &nbsp;&nbsp; 2570945 |
| Sonic Automotive, Inc., Class A | 208995 | &nbsp;&nbsp; 13172955 |
| Sonos, Inc.<sup>(b)</sup> | 111765 | &nbsp;&nbsp; 2074358 |
| Standard Motor Products, Inc. | 47842 | &nbsp;&nbsp; 1795989 |
| Steven Madden Ltd.<sup>(c)</sup> | 88103 | &nbsp;&nbsp; 3680943 |
| Strategic Education, Inc. | 17906 | &nbsp;&nbsp; 1397026 |
| Stride, Inc.<sup>(b)</sup> | 17163 | &nbsp;&nbsp; 1090365 |
| Sturm, Ruger & Co., Inc.<sup>(c)</sup> | 16516 | &nbsp;&nbsp; 497462 |
| Topgolf Callaway Brands Corp.<sup>(b)(c)</sup> | 516633 | &nbsp;&nbsp; 6654233 |
| Tri Pointe Homes, Inc.<sup>(b)</sup> | 133575 | &nbsp;&nbsp; 4557579 |
| United Parks & Resorts, Inc.<sup>(b)(c)</sup> | 39563 | &nbsp;&nbsp; 1427829 |
| Upbound Group, Inc. | 207363 | &nbsp;&nbsp; 3715945 |
| Urban Outfitters, Inc.<sup>(b)(c)</sup> | 95609 | &nbsp;&nbsp; 7081759 |
| Victoria's Secret & Co.<sup>(b)(c)</sup> | 281730 | &nbsp;&nbsp; 11643901 |
| Wendy's Co. (The)<sup>(c)</sup> | 260285 | &nbsp;&nbsp; 2199408 |
| Winnebago Industries, Inc.<sup>(c)</sup> | 92276 | &nbsp;&nbsp; 3339468 |
| Wolverine World Wide, Inc. | 69325 | &nbsp;&nbsp; 1123758 |
| XPEL, Inc.<sup>(b)(c)(d)</sup> | 14064 | &nbsp;&nbsp; 653695 |
|  |  | &nbsp;&nbsp; 380025676 |
| **Consumer Staples-7.43%** | **Consumer Staples-7.43%** | **Consumer Staples-7.43%** |
| Andersons, Inc. (The) | 332908 | &nbsp;&nbsp; 17144762 |
| Cal-Maine Foods, Inc. | 45336 | &nbsp;&nbsp; 3777395 |
| Central Garden & Pet Co.<sup>(b)(c)</sup> | 50793 | &nbsp;&nbsp; 1735089 |
| Central Garden & Pet Co., Class A<sup>(b)</sup> | 53825 | &nbsp;&nbsp; 1665345 |
| Chefs' Warehouse, Inc. (The)<sup>(b)</sup> | 71199 | &nbsp;&nbsp; 4365923 |
| Edgewell Personal Care Co. | 116865 | &nbsp;&nbsp; 2087209 |
| Energizer Holdings, Inc. | 117843 | &nbsp;&nbsp; 2148278 |
| Fresh Del Monte Produce, Inc. | 141084 | &nbsp;&nbsp; 5098776 |
| Freshpet, Inc.<sup>(b)(c)</sup> | 22835 | &nbsp;&nbsp; 1305249 |
| Grocery Outlet Holding Corp.<sup>(b)(c)</sup> | 298514 | &nbsp;&nbsp; 3322461 |

---

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

------

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

November 30, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Consumer Staples-(continued)** | **Consumer Staples-(continued)** | **Consumer Staples-(continued)** |
| Interparfums, Inc.<sup>(c)</sup> | 15340 | &nbsp;&nbsp; $1246682 |
| J&J Snack Foods Corp. | 17411 | &nbsp;&nbsp; 1607906 |
| John B. Sanfilippo & Son, Inc. | 20736 | &nbsp;&nbsp; 1506056 |
| MGP Ingredients, Inc.<sup>(c)</sup> | 24593 | &nbsp;&nbsp; 560966 |
| National Beverage Corp.<sup>(b)</sup> | 35794 | &nbsp;&nbsp; 1219144 |
| PriceSmart, Inc. | 53789 | &nbsp;&nbsp; 6621426 |
| Simply Good Foods Co. (The)<sup>(b)(c)</sup> | 62862 | &nbsp;&nbsp; 1237124 |
| Tootsie Roll Industries, Inc.<sup>(c)</sup> | 20663 | &nbsp;&nbsp; 792633 |
| TreeHouse Foods, Inc.<sup>(b)</sup> | 219580 | &nbsp;&nbsp; 5245766 |
| United Natural Foods, Inc.<sup>(b)</sup> | 1307647 | &nbsp;&nbsp; 48788309 |
| Universal Corp.<sup>(c)</sup> | 61853 | &nbsp;&nbsp; 3263364 |
| WD-40 Co. | 3250 | &nbsp;&nbsp; 636350 |
|  |  | &nbsp;&nbsp; 115376213 |
| **Energy-8.97%** | **Energy-8.97%** | **Energy-8.97%** |
| Archrock, Inc. | 63401 | &nbsp;&nbsp; 1555861 |
| Atlas Energy Solutions, Inc.<sup>(c)</sup> | 122606 | &nbsp;&nbsp; 1056864 |
| Bristow Group, Inc.<sup>(b)</sup> | 43741 | &nbsp;&nbsp; 1640725 |
| Cactus, Inc., Class A | 30651 | &nbsp;&nbsp; 1315541 |
| California Resources Corp. | 80484 | &nbsp;&nbsp; 3845525 |
| Comstock Resources, Inc.<sup>(b)(c)</sup> | 116006 | &nbsp;&nbsp; 3115921 |
| Core Laboratories, Inc.<sup>(c)</sup> | 46902 | &nbsp;&nbsp; 708220 |
| Core Natural Resources, Inc. | 52507 | &nbsp;&nbsp; 4200560 |
| Crescent Energy Co., Class A | 463157 | &nbsp;&nbsp; 4367570 |
| CVR Energy, Inc.<sup>(b)</sup> | 259777 | &nbsp;&nbsp; 8970100 |
| Dorian LPG Ltd. | 11359 | &nbsp;&nbsp; 281476 |
| Helix Energy Solutions Group, Inc.<sup>(b)</sup> | 230899 | &nbsp;&nbsp; 1537787 |
| Helmerich & Payne, Inc. | 190039 | &nbsp;&nbsp; 5302088 |
| Innovex International, Inc.<sup>(b)(c)</sup> | 60604 | &nbsp;&nbsp; 1334500 |
| International Seaways, Inc. | 19447 | &nbsp;&nbsp; 1030108 |
| Kinetik Holdings, Inc.<sup>(c)</sup> | 44626 | &nbsp;&nbsp; 1547630 |
| Kodiak Gas Services, Inc.<sup>(c)</sup> | 44147 | &nbsp;&nbsp; 1553974 |
| Liberty Energy, Inc., Class A | 435283 | &nbsp;&nbsp; 7739332 |
| Magnolia Oil & Gas Corp., Class A | 63707 | &nbsp;&nbsp; 1474180 |
| Noble Corp. PLC | 131732 | &nbsp;&nbsp; 4033634 |
| Northern Oil and Gas, Inc.<sup>(c)</sup> | 99081 | &nbsp;&nbsp; 2218424 |
| Oceaneering International, Inc.<sup>(b)</sup> | 129747 | &nbsp;&nbsp; 3165827 |
| Par Pacific Holdings, Inc.<sup>(b)(c)</sup> | 263908 | &nbsp;&nbsp; 12047400 |
| Patterson-UTI Energy, Inc. | 1058649 | &nbsp;&nbsp; 6150751 |
| Peabody Energy Corp.<sup>(c)</sup> | 252244 | &nbsp;&nbsp; 6871127 |
| REX American Resources Corp.<sup>(b)</sup> | 23856 | &nbsp;&nbsp; 787009 |
| RPC, Inc.<sup>(c)</sup> | 358402 | &nbsp;&nbsp; 1906699 |
| SM Energy Co. | 131049 | &nbsp;&nbsp; 2496483 |
| Talos Energy, Inc.<sup>(b)</sup> | 224696 | &nbsp;&nbsp; 2575016 |
| Tidewater, Inc.<sup>(b)</sup> | 26463 | &nbsp;&nbsp; 1429531 |
| Vital Energy, Inc.<sup>(b)(c)</sup> | 132574 | &nbsp;&nbsp; 2377052 |
| World Kinect Corp. | 1757867 | &nbsp;&nbsp; 40747357 |
|  |  | &nbsp;&nbsp; 139384272 |
| **Financials-11.90%** | **Financials-11.90%** | **Financials-11.90%** |
| Acadian Asset Management, Inc. | 13456 | &nbsp;&nbsp; 603367 |
| Adamas Trust, Inc.<sup>(c)</sup> | 90104 | &nbsp;&nbsp; 686592 |
| Ameris Bancorp | 25046 | &nbsp;&nbsp; 1897485 |
| AMERISAFE, Inc. | 7631 | &nbsp;&nbsp; 311345 |
| &nbsp;&nbsp;&nbsp; Apollo Commercial Real Estate Finance, <br> Inc.<sup>(c)</sup><br>| 64108 | &nbsp;&nbsp; 649414 |
| Arbor Realty Trust, Inc.<sup>(c)</sup> | 128692 | &nbsp;&nbsp; 1146646 |
| ARMOUR Residential REIT, Inc. | 29748 | &nbsp;&nbsp; 521185 |
| &nbsp;&nbsp;&nbsp; Artisan Partners Asset Management, Inc., <br> Class A<br>| 30953 | &nbsp;&nbsp; 1283930 |
| Assured Guaranty Ltd. | 12896 | &nbsp;&nbsp; 1167604 |
| Atlantic Union Bankshares Corp., Class B | 54770 | &nbsp;&nbsp; 1852869 |
| Axos Financial, Inc.<sup>(b)</sup> | 24863 | &nbsp;&nbsp; 2043241 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Financials-(continued)** | **Financials-(continued)** | **Financials-(continued)** |
| Banc of California, Inc. | 121584 | &nbsp;&nbsp; $2242009 |
| BancFirst Corp. | 7798 | &nbsp;&nbsp; 864330 |
| Bancorp, Inc. (The)<sup>(b)</sup> | 12028 | &nbsp;&nbsp; 770634 |
| Bank of Hawaii Corp. | 17392 | &nbsp;&nbsp; 1139872 |
| BankUnited, Inc. | 58122 | &nbsp;&nbsp; 2511452 |
| Banner Corp. | 14457 | &nbsp;&nbsp; 908044 |
| Beacon Financial Corp. | 29684 | &nbsp;&nbsp; 759614 |
| BGC Group, Inc., Class A | 300521 | &nbsp;&nbsp; 2614533 |
| &nbsp;&nbsp;&nbsp; Blackstone Mortgage Trust, Inc., <br> Class A<sup>(c)</sup><br>| 92807 | &nbsp;&nbsp; 1806952 |
| Bread Financial Holdings, Inc.<sup>(c)</sup> | 84900 | &nbsp;&nbsp; 5750277 |
| Capitol Federal Financial, Inc. | 71344 | &nbsp;&nbsp; 471584 |
| Cathay General Bancorp | 31699 | &nbsp;&nbsp; 1535500 |
| Central Pacific Financial Corp. | 12602 | &nbsp;&nbsp; 374783 |
| City Holding Co.<sup>(c)</sup> | 3448 | &nbsp;&nbsp; 418277 |
| Cohen & Steers, Inc. | 8502 | &nbsp;&nbsp; 537752 |
| Community Financial System, Inc.<sup>(c)</sup> | 19408 | &nbsp;&nbsp; 1101598 |
| Customers Bancorp, Inc.<sup>(b)</sup> | 23062 | &nbsp;&nbsp; 1588972 |
| CVB Financial Corp.<sup>(c)</sup> | 36135 | &nbsp;&nbsp; 711137 |
| &nbsp;&nbsp;&nbsp; Dime Community Bancshares, Inc., <br> Class B<sup>(c)</sup><br>| 23890 | &nbsp;&nbsp; 677282 |
| Donnelley Financial Solutions, Inc.<sup>(b)</sup> | 15683 | &nbsp;&nbsp; 769408 |
| Eagle Bancorp, Inc.<sup>(c)</sup> | 38501 | &nbsp;&nbsp; 730364 |
| Ellington Financial, Inc. | 39796 | &nbsp;&nbsp; 545205 |
| Employers Holdings, Inc. | 23905 | &nbsp;&nbsp; 952614 |
| Enact Holdings, Inc. | 36842 | &nbsp;&nbsp; 1426154 |
| Encore Capital Group, Inc.<sup>(b)(c)</sup> | 39661 | &nbsp;&nbsp; 2058009 |
| Enova International, Inc.<sup>(b)</sup> | 29450 | &nbsp;&nbsp; 3860600 |
| EVERTEC, Inc. | 29817 | &nbsp;&nbsp; 861711 |
| EZCORP, Inc., Class A<sup>(b)(c)</sup> | 83262 | &nbsp;&nbsp; 1605291 |
| FB Financial Corp.<sup>(c)</sup> | 15161 | &nbsp;&nbsp; 846893 |
| First Bancorp | 66357 | &nbsp;&nbsp; 1311878 |
| First Bancorp/Southern Pines NC<sup>(c)</sup> | 11176 | &nbsp;&nbsp; 570088 |
| First Commonwealth Financial Corp. | 45395 | &nbsp;&nbsp; 737669 |
| First Financial Bancorp | 54797 | &nbsp;&nbsp; 1363349 |
| First Hawaiian, Inc. | 52728 | &nbsp;&nbsp; 1313982 |
| Franklin BSP Realty Trust, Inc.<sup>(c)</sup> | 50685 | &nbsp;&nbsp; 528138 |
| Fulton Financial Corp. | 115559 | &nbsp;&nbsp; 2097396 |
| Genworth Financial, Inc., Class A<sup>(b)</sup> | 949392 | &nbsp;&nbsp; 8240723 |
| Goosehead Insurance, Inc., Class A<sup>(c)</sup> | 4771 | &nbsp;&nbsp; 341365 |
| &nbsp;&nbsp;&nbsp; HA Sustainable Infrastructure Capital, <br> Inc.<sup>(c)</sup><br>| 14666 | &nbsp;&nbsp; 503924 |
| Hanmi Financial Corp. | 19314 | &nbsp;&nbsp; 533453 |
| HCI Group, Inc. | 5025 | &nbsp;&nbsp; 893194 |
| Heritage Financial Corp.<sup>(c)</sup> | 14576 | &nbsp;&nbsp; 348949 |
| Hilltop Holdings, Inc. | 52614 | &nbsp;&nbsp; 1805712 |
| Hope Bancorp, Inc. | 96897 | &nbsp;&nbsp; 1029046 |
| Horace Mann Educators Corp. | 41280 | &nbsp;&nbsp; 1889798 |
| Independent Bank Corp.<sup>(c)</sup> | 16763 | &nbsp;&nbsp; 1207774 |
| Jackson Financial, Inc., Class A | 67224 | &nbsp;&nbsp; 6588624 |
| KKR Real Estate Finance Trust, Inc.<sup>(c)</sup> | 58696 | &nbsp;&nbsp; 498329 |
| Lakeland Financial Corp. | 7149 | &nbsp;&nbsp; 416501 |
| Lincoln National Corp. | 511175 | &nbsp;&nbsp; 21029739 |
| MarketAxess Holdings, Inc. | 5166 | &nbsp;&nbsp; 846656 |
| Mercury General Corp. | 85660 | &nbsp;&nbsp; 7976659 |
| Moelis & Co., Class A | 21433 | &nbsp;&nbsp; 1375356 |
| National Bank Holdings Corp., Class A | 17310 | &nbsp;&nbsp; 644105 |
| Navient Corp. | 323199 | &nbsp;&nbsp; 4007668 |
| NBT Bancorp, Inc. | 21519 | &nbsp;&nbsp; 892178 |
| NCR Atleos Corp.<sup>(b)(c)</sup> | 127403 | &nbsp;&nbsp; 4722829 |
| NMI Holdings, Inc., Class A<sup>(b)</sup> | 19285 | &nbsp;&nbsp; 735723 |
| Northwest Bancshares, Inc. | 73964 | &nbsp;&nbsp; 884609 |

---

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

------

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

November 30, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Financials-(continued)** | **Financials-(continued)** | **Financials-(continued)** |
| OFG Bancorp | 22398 | &nbsp;&nbsp; $889873 |
| Palomar Holdings, Inc.<sup>(b)</sup> | 6452 | &nbsp;&nbsp; 801403 |
| Park National Corp. | 4420 | &nbsp;&nbsp; 678691 |
| Pathward Financial, Inc. | 11844 | &nbsp;&nbsp; 851584 |
| Payoneer Global, Inc.<sup>(b)</sup> | 181023 | &nbsp;&nbsp; 1046313 |
| PennyMac Mortgage Investment Trust | 145215 | &nbsp;&nbsp; 1864561 |
| Piper Sandler Cos. | 5445 | &nbsp;&nbsp; 1828975 |
| PJT Partners, Inc., Class A | 9695 | &nbsp;&nbsp; 1628857 |
| PRA Group, Inc.<sup>(b)</sup> | 82977 | &nbsp;&nbsp; 1344227 |
| Preferred Bank<sup>(c)</sup> | 5883 | &nbsp;&nbsp; 555414 |
| ProAssurance Corp.<sup>(b)(c)</sup> | 55364 | &nbsp;&nbsp; 1333165 |
| PROG Holdings, Inc. | 82488 | &nbsp;&nbsp; 2374005 |
| Provident Financial Services, Inc. | 79688 | &nbsp;&nbsp; 1528416 |
| Radian Group, Inc. | 42791 | &nbsp;&nbsp; 1521220 |
| Ready Capital Corp. | 206215 | &nbsp;&nbsp; 521724 |
| Redwood Trust, Inc.<sup>(c)</sup> | 201191 | &nbsp;&nbsp; 1108562 |
| Renasant Corp. | 37202 | &nbsp;&nbsp; 1318439 |
| S&T Bancorp, Inc.<sup>(c)</sup> | 16095 | &nbsp;&nbsp; 635431 |
| Safety Insurance Group, Inc. | 18587 | &nbsp;&nbsp; 1412984 |
| Seacoast Banking Corp. of Florida<sup>(c)</sup> | 30367 | &nbsp;&nbsp; 958383 |
| ServisFirst Bancshares, Inc. | 13448 | &nbsp;&nbsp; 956556 |
| Simmons First National Corp., Class A<sup>(c)</sup> | 79164 | &nbsp;&nbsp; 1468492 |
| SiriusPoint Ltd. (Sweden)<sup>(b)</sup> | 163070 | &nbsp;&nbsp; 3391856 |
| Southside Bancshares, Inc. | 16464 | &nbsp;&nbsp; 482889 |
| Stellar Bancorp, Inc.<sup>(c)</sup> | 21703 | &nbsp;&nbsp; 686032 |
| StepStone Group, Inc., Class A | 25157 | &nbsp;&nbsp; 1588916 |
| Stewart Information Services Corp.<sup>(c)</sup> | 41997 | &nbsp;&nbsp; 3218230 |
| StoneX Group, Inc.<sup>(b)(c)</sup> | 24311 | &nbsp;&nbsp; 2202820 |
| Tompkins Financial Corp. | 7404 | &nbsp;&nbsp; 511690 |
| Triumph Financial, Inc.<sup>(b)(c)</sup> | 9210 | &nbsp;&nbsp; 502958 |
| Trupanion, Inc.<sup>(b)(c)</sup> | 36854 | &nbsp;&nbsp; 1300578 |
| TrustCo Bank Corp. | 7633 | &nbsp;&nbsp; 321578 |
| Trustmark Corp. | 32464 | &nbsp;&nbsp; 1262850 |
| Two Harbors Investment Corp.<sup>(c)</sup> | 74441 | &nbsp;&nbsp; 754832 |
| United Community Banks, Inc. | 51681 | &nbsp;&nbsp; 1579371 |
| United Fire Group, Inc. | 49695 | &nbsp;&nbsp; 1816352 |
| Victory Capital Holdings, Inc., Class A | 17183 | &nbsp;&nbsp; 1080639 |
| Virtu Financial, Inc., Class A | 88544 | &nbsp;&nbsp; 3166333 |
| Virtus Investment Partners, Inc. | 5148 | &nbsp;&nbsp; 821569 |
| WaFd, Inc. | 54817 | &nbsp;&nbsp; 1735506 |
| Walker & Dunlop, Inc. | 15162 | &nbsp;&nbsp; 980072 |
| Westamerica Bancorporation<sup>(c)</sup> | 6617 | &nbsp;&nbsp; 317484 |
| WisdomTree, Inc. | 36236 | &nbsp;&nbsp; 400045 |
| World Acceptance Corp.<sup>(b)</sup> | 3843 | &nbsp;&nbsp; 594358 |
| WSFS Financial Corp. | 27752 | &nbsp;&nbsp; 1548839 |
|  |  | &nbsp;&nbsp; 184833015 |
| **Health Care-6.73%** | **Health Care-6.73%** | **Health Care-6.73%** |
| Acadia Healthcare Co., Inc.<sup>(b)(c)</sup> | 178483 | &nbsp;&nbsp; 3069908 |
| Acadia Pharmaceuticals, Inc.<sup>(b)</sup> | 50169 | &nbsp;&nbsp; 1256232 |
| AdaptHealth Corp.<sup>(b)(c)</sup> | 410093 | &nbsp;&nbsp; 3961498 |
| Addus HomeCare Corp.<sup>(b)(c)</sup> | 13417 | &nbsp;&nbsp; 1612723 |
| ADMA Biologics, Inc.<sup>(b)</sup> | 33510 | &nbsp;&nbsp; 642722 |
| Alkermes PLC<sup>(b)</sup> | 64075 | &nbsp;&nbsp; 1895339 |
| AMN Healthcare Services, Inc.<sup>(b)</sup> | 163728 | &nbsp;&nbsp; 2726071 |
| Amphastar Pharmaceuticals, Inc.<sup>(b)(c)</sup> | 28602 | &nbsp;&nbsp; 792275 |
| ANI Pharmaceuticals, Inc.<sup>(b)(c)</sup> | 8580 | &nbsp;&nbsp; 728013 |
| Arcus Biosciences, Inc.<sup>(b)(c)</sup> | 24923 | &nbsp;&nbsp; 650490 |
| Arrowhead Pharmaceuticals, Inc.<sup>(b)(c)</sup> | 30722 | &nbsp;&nbsp; 1619049 |
| Artivion, Inc.<sup>(b)(c)</sup> | 11077 | &nbsp;&nbsp; 516853 |
| Astrana Health, Inc.<sup>(b)(c)</sup> | 94974 | &nbsp;&nbsp; 2188201 |
| Avanos Medical, Inc.<sup>(b)</sup> | 64810 | &nbsp;&nbsp; 760869 |
| Azenta, Inc.<sup>(b)(c)</sup> | 23088 | &nbsp;&nbsp; 821009 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Health Care-(continued)** | **Health Care-(continued)** | **Health Care-(continued)** |
| BioLife Solutions, Inc.<sup>(b)(c)</sup> | 4374 | &nbsp;&nbsp; $115911 |
| Catalyst Pharmaceuticals, Inc.<sup>(b)(c)</sup> | 31560 | &nbsp;&nbsp; 738820 |
| Certara, Inc.<sup>(b)(c)</sup> | 44156 | &nbsp;&nbsp; 404469 |
| Collegium Pharmaceutical, Inc.<sup>(b)</sup> | 21929 | &nbsp;&nbsp; 1023646 |
| Concentra Group Holdings Parent, Inc. | 106672 | &nbsp;&nbsp; 2193176 |
| CONMED Corp. | 29291 | &nbsp;&nbsp; 1271815 |
| Corcept Therapeutics, Inc.<sup>(b)(c)</sup> | 11794 | &nbsp;&nbsp; 936444 |
| CorVel Corp.<sup>(b)</sup> | 12026 | &nbsp;&nbsp; 880063 |
| Cytek Biosciences, Inc.<sup>(b)(c)</sup> | 58542 | &nbsp;&nbsp; 330762 |
| Dynavax Technologies Corp.<sup>(b)(c)</sup> | 36365 | &nbsp;&nbsp; 413470 |
| Embecta Corp. | 82788 | &nbsp;&nbsp; 1055961 |
| Enovis Corp.<sup>(b)(c)</sup> | 82296 | &nbsp;&nbsp; 2491100 |
| Fortrea Holdings, Inc.<sup>(b)</sup> | 312722 | &nbsp;&nbsp; 3974697 |
| Glaukos Corp.<sup>(b)(c)</sup> | 5483 | &nbsp;&nbsp; 582788 |
| Harmony Biosciences Holdings, Inc.<sup>(b)</sup> | 26179 | &nbsp;&nbsp; 923857 |
| HealthStream, Inc. | 11588 | &nbsp;&nbsp; 291438 |
| ICU Medical, Inc.<sup>(b)</sup> | 20355 | &nbsp;&nbsp; 3021496 |
| Innoviva, Inc.<sup>(b)</sup> | 21535 | &nbsp;&nbsp; 467956 |
| Inspire Medical Systems, Inc.<sup>(b)</sup> | 12886 | &nbsp;&nbsp; 1603147 |
| Integer Holdings Corp.<sup>(b)</sup> | 20374 | &nbsp;&nbsp; 1470595 |
| Integra LifeSciences Holdings Corp.<sup>(b)(c)</sup> | 122254 | &nbsp;&nbsp; 1603973 |
| Krystal Biotech, Inc.<sup>(b)(c)</sup> | 2904 | &nbsp;&nbsp; 633072 |
| LeMaitre Vascular, Inc. | 2811 | &nbsp;&nbsp; 233172 |
| Ligand Pharmaceuticals, Inc.<sup>(b)</sup> | 1317 | &nbsp;&nbsp; 267588 |
| Merit Medical Systems, Inc.<sup>(b)(c)</sup> | 18595 | &nbsp;&nbsp; 1610141 |
| Myriad Genetics, Inc.<sup>(b)</sup> | 135638 | &nbsp;&nbsp; 1034918 |
| National HealthCare Corp. | 14843 | &nbsp;&nbsp; 2022953 |
| Neogen Corp.<sup>(b)(c)</sup> | 179980 | &nbsp;&nbsp; 1076280 |
| NeoGenomics, Inc.<sup>(b)(c)</sup> | 107682 | &nbsp;&nbsp; 1302952 |
| &nbsp;&nbsp;&nbsp; OmniAb, Inc., Rts., expiring <br> 11/02/2027<sup>(b)(c)(e)</sup><br>| 785 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp; OmniAb, Inc., Rts., expiring <br> 11/02/2027<sup>(b)(e)</sup><br>| 785 | &nbsp;&nbsp; 0 |
| Omnicell, Inc.<sup>(b)</sup> | 40940 | &nbsp;&nbsp; 1494719 |
| Organon & Co.<sup>(c)</sup> | 707437 | &nbsp;&nbsp; 5454339 |
| Pacira BioSciences, Inc.<sup>(b)(c)</sup> | 29869 | &nbsp;&nbsp; 704012 |
| Pediatrix Medical Group, Inc.<sup>(b)</sup> | 134274 | &nbsp;&nbsp; 3234661 |
| Phibro Animal Health Corp., Class A | 35718 | &nbsp;&nbsp; 1495870 |
| Prestige Consumer Healthcare, Inc.<sup>(b)</sup> | 20211 | &nbsp;&nbsp; 1203565 |
| Privia Health Group, Inc.<sup>(b)(c)</sup> | 95853 | &nbsp;&nbsp; 2335938 |
| Progyny, Inc.<sup>(b)</sup> | 62271 | &nbsp;&nbsp; 1642086 |
| Protagonist Therapeutics, Inc.<sup>(b)</sup> | 4080 | &nbsp;&nbsp; 367200 |
| QuidelOrtho Corp.<sup>(b)(c)</sup> | 115664 | &nbsp;&nbsp; 3163410 |
| RadNet, Inc.<sup>(b)(c)</sup> | 30953 | &nbsp;&nbsp; 2562599 |
| Sarepta Therapeutics, Inc.<sup>(b)(c)</sup> | 167806 | &nbsp;&nbsp; 3580980 |
| Schrodinger, Inc.<sup>(b)(c)</sup> | 14571 | &nbsp;&nbsp; 255867 |
| Select Medical Holdings Corp. | 534774 | &nbsp;&nbsp; 8283649 |
| &nbsp;&nbsp;&nbsp; STAAR Surgical Co., (Acquired <br> 12/15/2023 - 10/23/2025; <br> Cost $250,454)<sup>(b)(c)(f)</sup><br>| 9033 | &nbsp;&nbsp; 239736 |
| Supernus Pharmaceuticals, Inc.<sup>(b)(c)</sup> | 16191 | &nbsp;&nbsp; 738148 |
| Tandem Diabetes Care, Inc.<sup>(b)(c)</sup> | 94222 | &nbsp;&nbsp; 1979604 |
| Teleflex, Inc.<sup>(c)</sup> | 27233 | &nbsp;&nbsp; 3116000 |
| TG Therapeutics, Inc.<sup>(b)(c)</sup> | 15921 | &nbsp;&nbsp; 529532 |
| TransMedics Group, Inc.<sup>(b)(c)</sup> | 5592 | &nbsp;&nbsp; 818166 |
| U.S. Physical Therapy, Inc. | 10148 | &nbsp;&nbsp; 749430 |
| UFP Technologies, Inc.<sup>(b)(c)</sup> | 3268 | &nbsp;&nbsp; 740823 |
| Veracyte, Inc.<sup>(b)(c)</sup> | 17411 | &nbsp;&nbsp; 824237 |
| Vericel Corp.<sup>(b)(c)</sup> | 8849 | &nbsp;&nbsp; 356172 |
| Vir Biotechnology, Inc.<sup>(b)(c)</sup> | 4175 | &nbsp;&nbsp; 26804 |

---

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

------

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

November 30, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Health Care-(continued)** | **Health Care-(continued)** | **Health Care-(continued)** |
| Waystar Holding Corp.<sup>(b)</sup> | 28044 | &nbsp;&nbsp; $1035104 |
| Xencor, Inc.<sup>(b)(c)</sup> | 19634 | &nbsp;&nbsp; 340061 |
|  |  | &nbsp;&nbsp; 104490624 |
| **Industrials-18.41%** | **Industrials-18.41%** | **Industrials-18.41%** |
| AAR Corp.<sup>(b)</sup> | 43625 | &nbsp;&nbsp; 3630036 |
| ABM Industries, Inc.<sup>(c)</sup> | 216277 | &nbsp;&nbsp; 9299911 |
| Air Lease Corp., Class A | 49169 | &nbsp;&nbsp; 3143374 |
| Alamo Group, Inc. | 8963 | &nbsp;&nbsp; 1437396 |
| Albany International Corp., Class A<sup>(c)</sup> | 22152 | &nbsp;&nbsp; 1056207 |
| Allegiant Travel Co.<sup>(b)(c)</sup> | 47362 | &nbsp;&nbsp; 3599512 |
| Amentum Holdings, Inc.<sup>(b)</sup> | 615563 | &nbsp;&nbsp; 17623569 |
| American Woodmark Corp.<sup>(b)(c)</sup> | 29415 | &nbsp;&nbsp; 1621649 |
| Apogee Enterprises, Inc. | 38501 | &nbsp;&nbsp; 1401821 |
| ArcBest Corp. | 66598 | &nbsp;&nbsp; 4273594 |
| Arcosa, Inc.<sup>(c)</sup> | 32383 | &nbsp;&nbsp; 3450085 |
| Armstrong World Industries, Inc. | 9209 | &nbsp;&nbsp; 1747316 |
| Astec Industries, Inc. | 33072 | &nbsp;&nbsp; 1463767 |
| AZZ, Inc. | 15596 | &nbsp;&nbsp; 1644130 |
| Boise Cascade Co. | 88253 | &nbsp;&nbsp; 6728409 |
| Brady Corp., Class A | 22542 | &nbsp;&nbsp; 1763686 |
| CoreCivic, Inc.<sup>(b)(c)</sup> | 113165 | &nbsp;&nbsp; 2042628 |
| CSG Systems International, Inc. | 21705 | &nbsp;&nbsp; 1709703 |
| CSW Industrials, Inc. | 4117 | &nbsp;&nbsp; 1119289 |
| Deluxe Corp. | 126090 | &nbsp;&nbsp; 2562149 |
| DNOW, Inc.<sup>(b)(c)</sup> | 180072 | &nbsp;&nbsp; 2513805 |
| DXP Enterprises, Inc.<sup>(b)</sup> | 19215 | &nbsp;&nbsp; 1806018 |
| Dycom Industries, Inc.<sup>(b)</sup> | 22247 | &nbsp;&nbsp; 8042958 |
| Enerpac Tool Group Corp. | 16035 | &nbsp;&nbsp; 607245 |
| Enpro, Inc. | 5663 | &nbsp;&nbsp; 1262000 |
| Enviri Corp.<sup>(b)(c)</sup> | 218244 | &nbsp;&nbsp; 4002595 |
| ESCO Technologies, Inc. | 6118 | &nbsp;&nbsp; 1302583 |
| Everus Construction Group, Inc.<sup>(b)</sup> | 48969 | &nbsp;&nbsp; 4503189 |
| Federal Signal Corp. | 18263 | &nbsp;&nbsp; 2081982 |
| Forward Air Corp.<sup>(b)(c)</sup> | 97756 | &nbsp;&nbsp; 2245455 |
| Franklin Electric Co., Inc. | 25068 | &nbsp;&nbsp; 2385220 |
| Gates Industrial Corp. PLC<sup>(b)</sup> | 155655 | &nbsp;&nbsp; 3542708 |
| GEO Group, Inc. (The)<sup>(b)</sup> | 131919 | &nbsp;&nbsp; 2079043 |
| Gibraltar Industries, Inc.<sup>(b)</sup> | 23442 | &nbsp;&nbsp; 1171162 |
| Granite Construction, Inc. | 43622 | &nbsp;&nbsp; 4690674 |
| Greenbrier Cos., Inc. (The) | 88891 | &nbsp;&nbsp; 3953872 |
| Griffon Corp. | 36855 | &nbsp;&nbsp; 2764125 |
| Hayward Holdings, Inc.<sup>(b)</sup> | 80600 | &nbsp;&nbsp; 1325870 |
| Healthcare Services Group, Inc.<sup>(b)</sup> | 128661 | &nbsp;&nbsp; 2416254 |
| Heartland Express, Inc.<sup>(c)</sup> | 123704 | &nbsp;&nbsp; 972313 |
| Heidrick & Struggles International, Inc.<sup>(c)</sup> | 27699 | &nbsp;&nbsp; 1630640 |
| Hertz Global Holdings, Inc.<sup>(b)(c)</sup> | 1699578 | &nbsp;&nbsp; 8905789 |
| Hillenbrand, Inc. | 134000 | &nbsp;&nbsp; 4266560 |
| HNI Corp.<sup>(c)</sup> | 65777 | &nbsp;&nbsp; 2731061 |
| Hub Group, Inc., Class A | 121246 | &nbsp;&nbsp; 4676458 |
| Insteel Industries, Inc. | 17530 | &nbsp;&nbsp; 536067 |
| Interface, Inc. | 57357 | &nbsp;&nbsp; 1600834 |
| JBT Marel Corp. | 23073 | &nbsp;&nbsp; 3242449 |
| JetBlue Airways Corp.<sup>(b)(c)</sup> | 2075418 | &nbsp;&nbsp; 9484660 |
| Kadant, Inc.<sup>(c)</sup> | 3630 | &nbsp;&nbsp; 1009576 |
| Kennametal, Inc. | 107629 | &nbsp;&nbsp; 2979171 |
| Korn Ferry | 43991 | &nbsp;&nbsp; 2893288 |
| Lindsay Corp. | 5499 | &nbsp;&nbsp; 632000 |
| Liquidity Services, Inc.<sup>(b)(c)</sup> | 19201 | &nbsp;&nbsp; 576798 |
| ManpowerGroup, Inc. | 533875 | &nbsp;&nbsp; 15354245 |
| Marten Transport Ltd. | 88922 | &nbsp;&nbsp; 911451 |
| MasterBrand, Inc.<sup>(b)(c)</sup> | 253095 | &nbsp;&nbsp; 2806824 |
| Matson, Inc. | 39086 | &nbsp;&nbsp; 4259592 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Industrials-(continued)** | **Industrials-(continued)** | **Industrials-(continued)** |
| Mercury Systems, Inc.<sup>(b)</sup> | 14345 | &nbsp;&nbsp; $1002572 |
| MillerKnoll, Inc. | 211205 | &nbsp;&nbsp; 3343375 |
| Moog, Inc., Class A | 21908 | &nbsp;&nbsp; 5031829 |
| Mueller Water Products, Inc., Class A | 65710 | &nbsp;&nbsp; 1592810 |
| MYR Group, Inc.<sup>(b)</sup> | 22393 | &nbsp;&nbsp; 5023198 |
| National Presto Industries, Inc.<sup>(c)</sup> | 4646 | &nbsp;&nbsp; 436027 |
| OPENLANE, Inc.<sup>(b)</sup> | 73428 | &nbsp;&nbsp; 1868008 |
| Pitney Bowes, Inc.<sup>(c)</sup> | 201700 | &nbsp;&nbsp; 1988762 |
| Powell Industries, Inc. | 4442 | &nbsp;&nbsp; 1435743 |
| Proto Labs, Inc.<sup>(b)</sup> | 11543 | &nbsp;&nbsp; 586615 |
| Quanex Building Products Corp.<sup>(c)</sup> | 137355 | &nbsp;&nbsp; 1780121 |
| Resideo Technologies, Inc.<sup>(b)</sup> | 236105 | &nbsp;&nbsp; 7789104 |
| Robert Half, Inc.<sup>(c)</sup> | 183627 | &nbsp;&nbsp; 4965274 |
| Rush Enterprises, Inc., Class A<sup>(c)</sup> | 156549 | &nbsp;&nbsp; 8149941 |
| RXO, Inc.<sup>(b)(c)</sup> | 383878 | &nbsp;&nbsp; 5074867 |
| Schneider National, Inc., Class B<sup>(c)</sup> | 264971 | &nbsp;&nbsp; 5990994 |
| SkyWest, Inc.<sup>(b)</sup> | 41253 | &nbsp;&nbsp; 4188005 |
| SPX Technologies, Inc.<sup>(b)</sup> | 12548 | &nbsp;&nbsp; 2698322 |
| Standex International Corp. | 4448 | &nbsp;&nbsp; 1090472 |
| Sun Country Airlines Holdings, Inc.<sup>(b)(c)</sup> | 97991 | &nbsp;&nbsp; 1342477 |
| Sunrun, Inc.<sup>(b)</sup> | 150082 | &nbsp;&nbsp; 3039161 |
| Tennant Co. | 18128 | &nbsp;&nbsp; 1325701 |
| Titan International, Inc.<sup>(b)(c)</sup> | 242954 | &nbsp;&nbsp; 1965498 |
| Trinity Industries, Inc. | 104525 | &nbsp;&nbsp; 2772003 |
| UniFirst Corp. | 16468 | &nbsp;&nbsp; 2841553 |
| Verra Mobility Corp., Class A<sup>(b)</sup> | 42022 | &nbsp;&nbsp; 916920 |
| Vestis Corp.<sup>(c)</sup> | 770854 | &nbsp;&nbsp; 4995134 |
| Vicor Corp.<sup>(b)</sup> | 8592 | &nbsp;&nbsp; 767695 |
| Werner Enterprises, Inc.<sup>(c)</sup> | 124861 | &nbsp;&nbsp; 3191447 |
| WillScot Holdings Corp. | 117514 | &nbsp;&nbsp; 2320902 |
| Worthington Enterprises, Inc. | 20106 | &nbsp;&nbsp; 1103015 |
| Zurn Elkay Water Solutions Corp. | 40938 | &nbsp;&nbsp; 1952743 |
|  |  | &nbsp;&nbsp; 286055053 |
| **Information Technology-8.29%** | **Information Technology-8.29%** | **Information Technology-8.29%** |
| A10 Networks, Inc. | 17647 | &nbsp;&nbsp; 303881 |
| ACI Worldwide, Inc.<sup>(b)</sup> | 39587 | &nbsp;&nbsp; 1855047 |
| Adeia, Inc. | 27935 | &nbsp;&nbsp; 345556 |
| Advanced Energy Industries, Inc. | 12095 | &nbsp;&nbsp; 2554343 |
| Agilysys, Inc.<sup>(b)(c)</sup> | 2971 | &nbsp;&nbsp; 365314 |
| Alarm.com Holdings, Inc.<sup>(b)</sup> | 19899 | &nbsp;&nbsp; 1033952 |
| Alpha & Omega Semiconductor Ltd.<sup>(b)</sup> | 27305 | &nbsp;&nbsp; 553745 |
| Arlo Technologies, Inc.<sup>(b)(c)</sup> | 33458 | &nbsp;&nbsp; 485141 |
| Axcelis Technologies, Inc.<sup>(b)(c)</sup> | 12672 | &nbsp;&nbsp; 1048861 |
| Badger Meter, Inc. | 5586 | &nbsp;&nbsp; 997324 |
| Benchmark Electronics, Inc. | 75393 | &nbsp;&nbsp; 3387407 |
| BlackLine, Inc.<sup>(b)(c)</sup> | 14187 | &nbsp;&nbsp; 808517 |
| Box, Inc., Class A<sup>(b)(c)</sup> | 40377 | &nbsp;&nbsp; 1192737 |
| Calix, Inc.<sup>(b)</sup> | 15491 | &nbsp;&nbsp; 856188 |
| CEVA, Inc.<sup>(b)</sup> | 5112 | &nbsp;&nbsp; 110368 |
| CleanSpark, Inc.<sup>(b)(c)</sup> | 70858 | &nbsp;&nbsp; 1069956 |
| Clear Secure, Inc., Class A | 25899 | &nbsp;&nbsp; 919415 |
| Cohu, Inc.<sup>(b)(c)</sup> | 20978 | &nbsp;&nbsp; 510185 |
| Corsair Gaming, Inc.<sup>(b)(c)</sup> | 188784 | &nbsp;&nbsp; 1230872 |
| CTS Corp. | 14081 | &nbsp;&nbsp; 596049 |
| Digi International, Inc.<sup>(b)</sup> | 13799 | &nbsp;&nbsp; 577212 |
| DigitalOcean Holdings, Inc.<sup>(b)(c)</sup> | 27638 | &nbsp;&nbsp; 1230444 |
| Diodes, Inc.<sup>(b)(c)</sup> | 30842 | &nbsp;&nbsp; 1425209 |
| DXC Technology Co.<sup>(b)(c)</sup> | 1037613 | &nbsp;&nbsp; 13696492 |
| Enphase Energy, Inc.<sup>(b)</sup> | 46725 | &nbsp;&nbsp; 1348016 |
| ePlus, Inc. | 33805 | &nbsp;&nbsp; 3028928 |
| Extreme Networks, Inc.<sup>(b)</sup> | 57315 | &nbsp;&nbsp; 1003013 |
| FormFactor, Inc.<sup>(b)</sup> | 30159 | &nbsp;&nbsp; 1659348 |

---

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

------

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

November 30, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Information Technology-(continued)** | **Information Technology-(continued)** | **Information Technology-(continued)** |
| Grid Dynamics Holdings, Inc.<sup>(b)</sup> | 57938 | &nbsp;&nbsp; $507537 |
| Harmonic, Inc.<sup>(b)</sup> | 78681 | &nbsp;&nbsp; 752190 |
| Ichor Holdings Ltd.<sup>(b)</sup> | 63166 | &nbsp;&nbsp; 1061189 |
| Impinj, Inc.<sup>(b)(c)</sup> | 2061 | &nbsp;&nbsp; 354224 |
| Insight Enterprises, Inc.<sup>(b)</sup> | 76855 | &nbsp;&nbsp; 6653337 |
| InterDigital, Inc. | 3512 | &nbsp;&nbsp; 1256418 |
| Itron, Inc.<sup>(b)</sup> | 23712 | &nbsp;&nbsp; 2348436 |
| Knowles Corp.<sup>(b)</sup> | 29209 | &nbsp;&nbsp; 656618 |
| &nbsp;&nbsp;&nbsp; Kulicke & Soffa Industries, Inc. <br> (Singapore)<br>| 19492 | &nbsp;&nbsp; 879284 |
| LiveRamp Holdings, Inc.<sup>(b)</sup> | 32389 | &nbsp;&nbsp; 934423 |
| MARA Holdings, Inc.<sup>(b)(c)</sup> | 56557 | &nbsp;&nbsp; 667938 |
| MaxLinear, Inc.<sup>(b)</sup> | 26787 | &nbsp;&nbsp; 417074 |
| Mirion Technologies, Inc.<sup>(b)</sup> | 48572 | &nbsp;&nbsp; 1263843 |
| N-able, Inc.<sup>(b)</sup> | 65593 | &nbsp;&nbsp; 472270 |
| NCR Voyix Corp.<sup>(b)(c)</sup> | 245223 | &nbsp;&nbsp; 2479205 |
| NetScout Systems, Inc.<sup>(b)</sup> | 37447 | &nbsp;&nbsp; 1006575 |
| OSI Systems, Inc.<sup>(b)(c)</sup> | 8284 | &nbsp;&nbsp; 2243721 |
| PC Connection, Inc. | 53379 | &nbsp;&nbsp; 3098117 |
| PDF Solutions, Inc.<sup>(b)(c)</sup> | 11252 | &nbsp;&nbsp; 304929 |
| Penguin Solutions, Inc.<sup>(b)(c)</sup> | 61462 | &nbsp;&nbsp; 1243376 |
| Photronics, Inc.<sup>(b)</sup> | 43689 | &nbsp;&nbsp; 1000915 |
| Plexus Corp.<sup>(b)(c)</sup> | 33887 | &nbsp;&nbsp; 4844147 |
| Progress Software Corp.<sup>(b)(c)</sup> | 23078 | &nbsp;&nbsp; 955660 |
| Q2 Holdings, Inc.<sup>(b)</sup> | 10198 | &nbsp;&nbsp; 735582 |
| Qorvo, Inc.<sup>(b)</sup> | 47542 | &nbsp;&nbsp; 4083382 |
| Ralliant Corp. | 38520 | &nbsp;&nbsp; 1901732 |
| Rogers Corp.<sup>(b)</sup> | 11812 | &nbsp;&nbsp; 989964 |
| Sanmina Corp.<sup>(b)</sup> | 75817 | &nbsp;&nbsp; 11839962 |
| ScanSource, Inc.<sup>(b)</sup> | 81641 | &nbsp;&nbsp; 3357078 |
| Semtech Corp.<sup>(b)</sup> | 18790 | &nbsp;&nbsp; 1393466 |
| SiTime Corp.<sup>(b)</sup> | 1213 | &nbsp;&nbsp; 361110 |
| SolarEdge Technologies, Inc.<sup>(b)</sup> | 38307 | &nbsp;&nbsp; 1399355 |
| Sprinklr, Inc., Class A<sup>(b)</sup> | 119609 | &nbsp;&nbsp; 864773 |
| SPS Commerce, Inc.<sup>(b)</sup> | 7199 | &nbsp;&nbsp; 599821 |
| Teradata Corp.<sup>(b)</sup> | 91395 | &nbsp;&nbsp; 2617553 |
| TTM Technologies, Inc.<sup>(b)</sup> | 62301 | &nbsp;&nbsp; 4372284 |
| Ultra Clean Holdings, Inc.<sup>(b)</sup> | 100877 | &nbsp;&nbsp; 2558241 |
| Veeco Instruments, Inc.<sup>(b)(c)</sup> | 31175 | &nbsp;&nbsp; 911245 |
| Viasat, Inc.<sup>(b)</sup> | 180736 | &nbsp;&nbsp; 6204667 |
| Viavi Solutions, Inc.<sup>(b)</sup> | 106220 | &nbsp;&nbsp; 1905587 |
| Vishay Intertechnology, Inc. | 223243 | &nbsp;&nbsp; 3051732 |
|  |  | &nbsp;&nbsp; 128742480 |
| **Materials-5.60%** | **Materials-5.60%** | **Materials-5.60%** |
| AdvanSix, Inc. | 85783 | &nbsp;&nbsp; 1320200 |
| Alpha Metallurgical Resources, Inc.<sup>(b)(c)</sup> | 19504 | &nbsp;&nbsp; 3105232 |
| Balchem Corp.<sup>(c)</sup> | 7157 | &nbsp;&nbsp; 1117995 |
| Celanese Corp.<sup>(c)</sup> | 259097 | &nbsp;&nbsp; 10791390 |
| Century Aluminum Co.<sup>(b)</sup> | 126268 | &nbsp;&nbsp; 3784252 |
| Chemours Co. (The)<sup>(c)</sup> | 417699 | &nbsp;&nbsp; 5342370 |
| Element Solutions, Inc. | 110362 | &nbsp;&nbsp; 2860583 |
| FMC Corp.<sup>(c)</sup> | 130781 | &nbsp;&nbsp; 1868861 |
| H.B. Fuller Co.<sup>(c)</sup> | 66351 | &nbsp;&nbsp; 3866936 |
| Hawkins, Inc. | 6681 | &nbsp;&nbsp; 868664 |
| Hecla Mining Co. | 109655 | &nbsp;&nbsp; 1844397 |
| Ingevity Corp.<sup>(b)(c)</sup> | 27076 | &nbsp;&nbsp; 1414179 |
| Innospec, Inc. | 24795 | &nbsp;&nbsp; 1853674 |
| Kaiser Aluminum Corp. | 47822 | &nbsp;&nbsp; 4593303 |
| Koppers Holdings, Inc. | 83074 | &nbsp;&nbsp; 2464806 |
| Materion Corp. | 18122 | &nbsp;&nbsp; 2214327 |
| Metallus, Inc.<sup>(b)(c)</sup> | 74263 | &nbsp;&nbsp; 1255787 |
| Minerals Technologies, Inc. | 37570 | &nbsp;&nbsp; 2203481 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Materials-(continued)** | **Materials-(continued)** | **Materials-(continued)** |
| O-I Glass, Inc.<sup>(b)(c)</sup> | 592704 | &nbsp;&nbsp; $7989650 |
| Quaker Chemical Corp.<sup>(c)</sup> | 15127 | &nbsp;&nbsp; 2085257 |
| Sealed Air Corp. | 187616 | &nbsp;&nbsp; 8058107 |
| Sensient Technologies Corp. | 17223 | &nbsp;&nbsp; 1679070 |
| Stepan Co. | 53724 | &nbsp;&nbsp; 2435309 |
| SunCoke Energy, Inc. | 277927 | &nbsp;&nbsp; 1812084 |
| Sylvamo Corp.<sup>(c)</sup> | 95280 | &nbsp;&nbsp; 4513414 |
| Warrior Met Coal, Inc. | 24488 | &nbsp;&nbsp; 1917166 |
| Worthington Steel, Inc. | 112164 | &nbsp;&nbsp; 3785535 |
|  |  | &nbsp;&nbsp; 87046029 |
| **Real Estate-3.37%** | **Real Estate-3.37%** | **Real Estate-3.37%** |
| Acadia Realty Trust<sup>(c)</sup> | 22215 | &nbsp;&nbsp; 456963 |
| Alexander & Baldwin, Inc. | 13773 | &nbsp;&nbsp; 215272 |
| American Assets Trust, Inc. | 27180 | &nbsp;&nbsp; 530010 |
| Apple Hospitality REIT, Inc. | 131905 | &nbsp;&nbsp; 1568350 |
| Armada Hoffler Properties, Inc.<sup>(c)</sup> | 84762 | &nbsp;&nbsp; 556886 |
| Brandywine Realty Trust<sup>(c)</sup> | 126262 | &nbsp;&nbsp; 433079 |
| CareTrust REIT, Inc. | 12292 | &nbsp;&nbsp; 461319 |
| Centerspace<sup>(c)</sup> | 5085 | &nbsp;&nbsp; 339475 |
| Curbline Properties Corp.<sup>(c)</sup> | 7289 | &nbsp;&nbsp; 174499 |
| Cushman & Wakefield Ltd.<sup>(b)</sup> | 704183 | &nbsp;&nbsp; 11795065 |
| DiamondRock Hospitality Co. | 156365 | &nbsp;&nbsp; 1424485 |
| Douglas Emmett, Inc.<sup>(c)</sup> | 68529 | &nbsp;&nbsp; 835369 |
| Easterly Government Properties, Inc.<sup>(c)</sup> | 15110 | &nbsp;&nbsp; 329398 |
| Elme Communities<sup>(c)</sup> | 16053 | &nbsp;&nbsp; 278680 |
| Essential Properties Realty Trust, Inc. | 19004 | &nbsp;&nbsp; 601667 |
| eXp World Holdings, Inc.<sup>(c)</sup> | 475681 | &nbsp;&nbsp; 5398979 |
| Four Corners Property Trust, Inc. | 12107 | &nbsp;&nbsp; 291052 |
| Getty Realty Corp.<sup>(c)</sup> | 8255 | &nbsp;&nbsp; 235020 |
| Global Net Lease, Inc.<sup>(c)</sup> | 88851 | &nbsp;&nbsp; 729467 |
| Highwoods Properties, Inc. | 28786 | &nbsp;&nbsp; 800251 |
| Innovative Industrial Properties, Inc.<sup>(c)</sup> | 5669 | &nbsp;&nbsp; 280332 |
| &nbsp;&nbsp;&nbsp; JBG SMITH Properties, (Acquired <br> 03/17/2023 - 10/23/2025; <br> Cost $348,373)<sup>(c)(f)</sup><br>| 24655 | &nbsp;&nbsp; 449461 |
| Kennedy-Wilson Holdings, Inc.<sup>(c)</sup> | 66119 | &nbsp;&nbsp; 643338 |
| LTC Properties, Inc. | 6689 | &nbsp;&nbsp; 244082 |
| LXP Industrial Trust | 8969 | &nbsp;&nbsp; 434996 |
| Macerich Co. (The)<sup>(c)</sup> | 58028 | &nbsp;&nbsp; 1007366 |
| Marcus & Millichap, Inc.<sup>(c)</sup> | 25344 | &nbsp;&nbsp; 742579 |
| Medical Properties Trust, Inc. | 233542 | &nbsp;&nbsp; 1345202 |
| Millrose Properties, Inc.<sup>(c)</sup> | 141946 | &nbsp;&nbsp; 4323675 |
| NexPoint Residential Trust, Inc. | 8422 | &nbsp;&nbsp; 267904 |
| Outfront Media, Inc. | 110572 | &nbsp;&nbsp; 2601759 |
| Pebblebrook Hotel Trust<sup>(c)</sup> | 145542 | &nbsp;&nbsp; 1650446 |
| Phillips Edison & Co., Inc. | 22124 | &nbsp;&nbsp; 785402 |
| Ryman Hospitality Properties, Inc. | 28124 | &nbsp;&nbsp; 2683873 |
| Safehold, Inc.<sup>(c)</sup> | 26655 | &nbsp;&nbsp; 369705 |
| Saul Centers, Inc. | 9741 | &nbsp;&nbsp; 302945 |
| SITE Centers Corp.<sup>(c)</sup> | 25187 | &nbsp;&nbsp; 185376 |
| SL Green Realty Corp. | 18150 | &nbsp;&nbsp; 855409 |
| St. Joe Co. (The) | 9476 | &nbsp;&nbsp; 571687 |
| Summit Hotel Properties, Inc.<sup>(c)</sup> | 145126 | &nbsp;&nbsp; 777875 |
| Sunstone Hotel Investors, Inc.<sup>(c)</sup> | 112958 | &nbsp;&nbsp; 1057287 |
| Tanger, Inc. | 17926 | &nbsp;&nbsp; 601955 |
| Terreno Realty Corp.<sup>(c)</sup> | 8233 | &nbsp;&nbsp; 516950 |
| Universal Health Realty Income Trust | 2658 | &nbsp;&nbsp; 108048 |
| Urban Edge Properties<sup>(c)</sup> | 24432 | &nbsp;&nbsp; 469583 |
| Veris Residential, Inc. | 19568 | &nbsp;&nbsp; 294694 |

---

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

------

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

November 30, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Real Estate-(continued)** | **Real Estate-(continued)** | **Real Estate-(continued)** |
| Whitestone REIT | 13640 | &nbsp;&nbsp; $181276 |
| Xenia Hotels & Resorts, Inc.<sup>(c)</sup> | 87278 | &nbsp;&nbsp; 1220146 |
|  |  | &nbsp;&nbsp; 52428637 |
| **Utilities-1.11%** | **Utilities-1.11%** | **Utilities-1.11%** |
| American States Water Co. | 9391 | &nbsp;&nbsp; 692774 |
| Avista Corp. | 62432 | &nbsp;&nbsp; 2583436 |
| California Water Service Group | 25422 | &nbsp;&nbsp; 1153396 |
| Chesapeake Utilities Corp.<sup>(c)</sup> | 7954 | &nbsp;&nbsp; 1106083 |
| Clearway Energy, Inc., Class A | 32092 | &nbsp;&nbsp; 1097546 |
| Clearway Energy, Inc., Class C | 29141 | &nbsp;&nbsp; 1067143 |
| H2O America | 17852 | &nbsp;&nbsp; 828868 |
| MDU Resources Group, Inc.<sup>(c)</sup> | 184681 | &nbsp;&nbsp; 3937399 |
| MGE Energy, Inc. | 9678 | &nbsp;&nbsp; 801532 |
| Middlesex Water Co. | 4167 | &nbsp;&nbsp; 213809 |
| Northwest Natural Holding Co. | 33880 | &nbsp;&nbsp; 1676044 |
| Otter Tail Corp. | 18228 | &nbsp;&nbsp; 1498342 |
| Unitil Corp. | 12125 | &nbsp;&nbsp; 609039 |
|  |  | &nbsp;&nbsp; 17265411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $1,357,812,749) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $1,357,812,749) | &nbsp;&nbsp; 1551440659 |
| **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, 3.91%<sup>(g)(h)</sup> <br>(Cost $1,198,068)<br>| 1198068 | &nbsp;&nbsp; 1198068 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.94% <br>(Cost $1,359,010,817) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.94% <br>(Cost $1,359,010,817) | &nbsp;&nbsp; 1552638727 |

---

---

| | | |
|:---|:---|:---|
|  | **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-19.63%** | **Money Market Funds-19.63%** | **Money Market Funds-19.63%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 4.00%<sup>(g)(h)(i)</sup><br>| 86942343 | &nbsp;&nbsp; $86942343 |
| Invesco Private Prime Fund, 4.12%<sup>(g)(h)(i)</sup> | 217927601 | &nbsp;&nbsp; 217992979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $304,938,759) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $304,938,759) | &nbsp;&nbsp; 304935322 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-119.57% <br>(Cost $1,663,949,576) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-119.57% <br>(Cost $1,663,949,576) | &nbsp;&nbsp; 1857574049 |
| OTHER ASSETS LESS LIABILITIES-(19.57)% | OTHER ASSETS LESS LIABILITIES-(19.57)% | &nbsp;&nbsp; (304068616)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $1553505433 |

---

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

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

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

---

| | |
|:---|:---|
| Notes to Schedule of Investments: | Notes to Schedule of Investments: |
| <sup>(a)</sup> | Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is <br> the exclusive property and a service mark of MSCI Inc. and Standard & Poor's.<br>|
| <sup>(b)</sup> | Non-income producing security. |
| <sup>(c)</sup> | All or a portion of this security was out on loan at November 30, 2025. |
| <sup>(d)</sup> | Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the "1933 Act"). The security may be <br> resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The value of this security at November 30, <br> 2025 represented less than 1% of the Fund's Net Assets.<br>|
| <sup>(e)</sup> | Security valued using significant unobservable inputs (Level 3). See Note 1. |
| <sup>(f)</sup> | Restricted security. The aggregate value of these securities at November 30, 2025 was $689,197, which represented less than 1% of the Fund's Net Assets. |
| <sup>(g)</sup> | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in <br> which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund's transactions in, and earnings from, its investments in <br> affiliates for the three months ended November 30, 2025.<br>|

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**August 31, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>| **Realized** <br>**Gain**<br>| **Value** <br>**November 30, 2025**<br>| **Dividend Income** |
| **Investments in** <br> **Affiliated Money** <br> **Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government <br> & Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; $935297 | &nbsp;&nbsp;&nbsp; $19839558 | &nbsp;&nbsp;&nbsp; $(19576787)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $1198068 | &nbsp;&nbsp;&nbsp; $10838 |

---

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

------

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

November 30, 2025

*(Unaudited)*

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value**<br> **August 31, 2025**<br>| **Purchases**<br> **at Cost**<br>| **Proceeds**<br> **from Sales**<br>| **Change in**<br> **Unrealized**<br> **Appreciation**<br> **(Depreciation)**<br>| **Realized**<br> **Gain**<br>| **Value**<br> **November 30, 2025**<br>| **Dividend Income** |
| **Investments** <br> **Purchased with** <br> **Cash Collateral** <br> **from Securities on** <br> **Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; $94544508 | &nbsp;&nbsp;&nbsp; $106859020 | &nbsp;&nbsp;&nbsp; $(114461185)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $86942343 | &nbsp;&nbsp;&nbsp; $937,680<br> \*<br>|
| &nbsp;&nbsp; Invesco Private <br> Prime Fund<br>| &nbsp;&nbsp;&nbsp; 247215599 | &nbsp;&nbsp;&nbsp; 243308208 | &nbsp;&nbsp;&nbsp; (272527852)<br>| &nbsp;&nbsp;&nbsp; (25243)<br>| &nbsp;&nbsp;&nbsp; 22267 | &nbsp;&nbsp;&nbsp; 217992979 | &nbsp;&nbsp;&nbsp; 2,530,297<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $342695404 | &nbsp;&nbsp;&nbsp; $370006786 | &nbsp;&nbsp;&nbsp; $(406565824)<br>| &nbsp;&nbsp;&nbsp; $(25243)<br>| &nbsp;&nbsp;&nbsp; $22267 | &nbsp;&nbsp;&nbsp; $306133390 | &nbsp;&nbsp;&nbsp; $3478815 |

---

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

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

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

<sup>(h)</sup> The rate shown is the 7-day SEC standardized yield as of November 30, 2025. <br> <sup>(i)</sup> The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower's return of the securities loaned.

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

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

------

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

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

November 30, 2025

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-99.70%** | **Common Stocks & Other Equity Interests-99.70%** | **Common Stocks & Other Equity Interests-99.70%** |
| **Communication Services-5.07%** | **Communication Services-5.07%** | **Communication Services-5.07%** |
| AT&T, Inc. | 1698988 | &nbsp;&nbsp; $44207668 |
| **Consumer Discretionary-11.29%** | **Consumer Discretionary-11.29%** | **Consumer Discretionary-11.29%** |
| Best Buy Co., Inc. | 533479 | &nbsp;&nbsp; 42294215 |
| Hasbro, Inc. | 82041 | &nbsp;&nbsp; 6776587 |
| Macy's, Inc. | 1773192 | &nbsp;&nbsp; 39648573 |
| Marriott Vacations Worldwide Corp.<sup>(b)</sup> | 102427 | &nbsp;&nbsp; 5592514 |
| Vail Resorts, Inc.<sup>(b)</sup> | 28743 | &nbsp;&nbsp; 4030056 |
|  |  | &nbsp;&nbsp; 98341945 |
| **Consumer Staples-9.53%** | **Consumer Staples-9.53%** | **Consumer Staples-9.53%** |
| Campbell's Co. (The)<sup>(b)</sup> | 473661 | &nbsp;&nbsp; 14437187 |
| General Mills, Inc.<sup>(b)</sup> | 564659 | &nbsp;&nbsp; 26736604 |
| Target Corp. | 461701 | &nbsp;&nbsp; 41839345 |
|  |  | &nbsp;&nbsp; 83013136 |
| **Energy-23.50%** | **Energy-23.50%** | **Energy-23.50%** |
| Antero Midstream Corp. | 98463 | &nbsp;&nbsp; 1773319 |
| APA Corp. | 636931 | &nbsp;&nbsp; 15904167 |
| Chevron Corp. | 279033 | &nbsp;&nbsp; 42170257 |
| Chord Energy Corp. | 86176 | &nbsp;&nbsp; 8088479 |
| HF Sinclair Corp. | 736253 | &nbsp;&nbsp; 38955146 |
| Murphy Oil Corp.<sup>(b)</sup> | 147167 | &nbsp;&nbsp; 4719646 |
| ONEOK, Inc.<sup>(b)</sup> | 582306 | &nbsp;&nbsp; 42403523 |
| PBF Energy, Inc., Class A | 1472495 | &nbsp;&nbsp; 50771628 |
|  |  | &nbsp;&nbsp; 204786165 |
| **Financials-17.70%** | **Financials-17.70%** | **Financials-17.70%** |
| Comerica, Inc. | 87794 | &nbsp;&nbsp; 7056882 |
| Invesco Ltd.<sup>(c)</sup> | 392086 | &nbsp;&nbsp; 9586503 |
| KeyCorp | 853456 | &nbsp;&nbsp; 15686521 |
| Regions Financial Corp. | 577343 | &nbsp;&nbsp; 14693379 |
| T. Rowe Price Group, Inc. | 100124 | &nbsp;&nbsp; 10250695 |
| Truist Financial Corp. | 995623 | &nbsp;&nbsp; 46296469 |
| U.S. Bancorp | 917159 | &nbsp;&nbsp; 44986649 |
| Valley National Bancorp | 502209 | &nbsp;&nbsp; 5685006 |
|  |  | &nbsp;&nbsp; 154242104 |
| **Health Care-8.26%** | **Health Care-8.26%** | **Health Care-8.26%** |
| CVS Health Corp. | 529315 | &nbsp;&nbsp; 42535753 |
| DENTSPLY SIRONA, Inc.<sup>(b)</sup> | 408422 | &nbsp;&nbsp; 4631506 |
| Perrigo Co. PLC | 289653 | &nbsp;&nbsp; 3866868 |
| Viatris, Inc. | 1957809 | &nbsp;&nbsp; 20928978 |
|  |  | &nbsp;&nbsp; 71963105 |
| **Information Technology-4.40%** | **Information Technology-4.40%** | **Information Technology-4.40%** |
| HP, Inc. | 1569383 | &nbsp;&nbsp; 38324333 |
| **Materials-2.69%** | **Materials-2.69%** | **Materials-2.69%** |
| Eastman Chemical Co. | 219891 | &nbsp;&nbsp; 13650833 |
| Sonoco Products Co. | 232663 | &nbsp;&nbsp; 9811399 |
|  |  | &nbsp;&nbsp; 23462232 |
| **Real Estate-5.91%** | **Real Estate-5.91%** | **Real Estate-5.91%** |
| Agree Realty Corp. | 12740 | &nbsp;&nbsp; 958303 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Real Estate-(continued)** | **Real Estate-(continued)** | **Real Estate-(continued)** |
| Brixmor Property Group, Inc. | 69294 | &nbsp;&nbsp; $1811345 |
| COPT Defense Properties | 38495 | &nbsp;&nbsp; 1182951 |
| Cousins Properties, Inc. | 50449 | &nbsp;&nbsp; 1300575 |
| CubeSmart | 37456 | &nbsp;&nbsp; 1394487 |
| Extra Space Storage, Inc. | 31534 | &nbsp;&nbsp; 4199383 |
| Federal Realty Investment Trust | 17737 | &nbsp;&nbsp; 1751174 |
| Host Hotels & Resorts, Inc. | 511441 | &nbsp;&nbsp; 9016705 |
| Kimco Realty Corp. | 136962 | &nbsp;&nbsp; 2829635 |
| Kite Realty Group Trust<sup>(b)</sup> | 54259 | &nbsp;&nbsp; 1255553 |
| Lamar Advertising Co., Class A<sup>(b)</sup> | 26665 | &nbsp;&nbsp; 3530179 |
| PotlatchDeltic Corp. | 36685 | &nbsp;&nbsp; 1476205 |
| Rayonier, Inc. | 66183 | &nbsp;&nbsp; 1469925 |
| Rexford Industrial Realty, Inc.<sup>(b)</sup> | 33507 | &nbsp;&nbsp; 1394226 |
| Simon Property Group, Inc. | 48604 | &nbsp;&nbsp; 9055897 |
| STAG Industrial, Inc. | 30182 | &nbsp;&nbsp; 1185549 |
| UDR, Inc.<sup>(b)</sup> | 66948 | &nbsp;&nbsp; 2438246 |
| VICI Properties, Inc. | 182021 | &nbsp;&nbsp; 5245845 |
|  |  | &nbsp;&nbsp; 51496183 |
| **Utilities-11.35%** | **Utilities-11.35%** | **Utilities-11.35%** |
| ALLETE, Inc. | 32991 | &nbsp;&nbsp; 2230851 |
| Black Hills Corp. | 49831 | &nbsp;&nbsp; 3677029 |
| Dominion Energy, Inc. | 361537 | &nbsp;&nbsp; 22693678 |
| Edison International | 437772 | &nbsp;&nbsp; 25780393 |
| FirstEnergy Corp. | 430702 | &nbsp;&nbsp; 20553099 |
| NorthWestern Energy Group, Inc. | 35941 | &nbsp;&nbsp; 2483164 |
| Portland General Electric Co. | 104027 | &nbsp;&nbsp; 5286652 |
| Spire, Inc. | 40532 | &nbsp;&nbsp; 3593567 |
| UGI Corp. | 318563 | &nbsp;&nbsp; 12599167 |
|  |  | &nbsp;&nbsp; 98897600 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.70% <br>(Cost $785,573,267) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.70% <br>(Cost $785,573,267) | &nbsp;&nbsp; 868734471 |
| **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** |
| **Money Market Funds-5.72%** | **Money Market Funds-5.72%** | **Money Market Funds-5.72%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 4.00%<sup>(c)(d)(e)</sup><br>| 13955008 | &nbsp;&nbsp; 13955008 |
| Invesco Private Prime Fund, 4.12%<sup>(c)(d)(e)</sup> | 35845779 | &nbsp;&nbsp; 35856533 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $49,811,541) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $49,811,541) | &nbsp;&nbsp; 49811541 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-105.42% <br>(Cost $835,384,808) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-105.42% <br>(Cost $835,384,808) | &nbsp;&nbsp; 918546012 |
| OTHER ASSETS LESS LIABILITIES-(5.42)% | OTHER ASSETS LESS LIABILITIES-(5.42)% | &nbsp;&nbsp; (47244981)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $871301031 |

---

&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 November 30, 2025. |
| <sup>(c)</sup> | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in <br> which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund's transactions in, and earnings from, its investments in <br> affiliates for the three months ended November 30, 2025.<br>|

---

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

------

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

November 30, 2025

*(Unaudited)*

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**August 31, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>| **Realized** <br>**Gain**<br>| **Value** <br>**November 30, 2025**<br>| **Dividend Income** |
| &nbsp;&nbsp; Invesco Ltd. | &nbsp;&nbsp;&nbsp; $8601829 | &nbsp;&nbsp;&nbsp; $263424 | &nbsp;&nbsp;&nbsp; $(276108)<br>| &nbsp;&nbsp;&nbsp; $964227 | &nbsp;&nbsp;&nbsp; $33131 | &nbsp;&nbsp;&nbsp; $9586503 | &nbsp;&nbsp;&nbsp; $80376 |
| **Investments in** <br> **Affiliated Money** <br> **Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government <br> & Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 10800733 | &nbsp;&nbsp;&nbsp; (10800733)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 9864 |
| **Investments** <br> **Purchased with** <br> **Cash Collateral** <br> **from Securities on** <br> **Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; 30020130 | &nbsp;&nbsp;&nbsp; 56115598 | &nbsp;&nbsp;&nbsp; (72180720)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 13955008 | &nbsp;&nbsp;&nbsp; 85,093<br> \*<br>|
| &nbsp;&nbsp; Invesco Private <br> Prime Fund<br>| &nbsp;&nbsp;&nbsp; 77971627 | &nbsp;&nbsp;&nbsp; 108601904 | &nbsp;&nbsp;&nbsp; (150716926)<br>| &nbsp;&nbsp;&nbsp; (2426)<br>| &nbsp;&nbsp;&nbsp; 2354 | &nbsp;&nbsp;&nbsp; 35856533 | &nbsp;&nbsp;&nbsp; 223,584<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $116593586 | &nbsp;&nbsp;&nbsp; $175781659 | &nbsp;&nbsp;&nbsp; $(233974487)<br>| &nbsp;&nbsp;&nbsp; $961801 | &nbsp;&nbsp;&nbsp; $35485 | &nbsp;&nbsp;&nbsp; $59398044 | &nbsp;&nbsp;&nbsp; $398917 |

---

&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 November 30, 2025. <br> <sup>(e)</sup> The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower's return of the securities loaned.

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

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

------

**Notes to Quarterly Schedules of Portfolio Holdings**

November 30, 2025

*(Unaudited)*

**NOTE 1—Additional Valuation Information**

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

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

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

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

The following is a summary of the tiered valuation input levels, as of November 30, 2025. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| &nbsp;&nbsp; Invesco S&P 500 Revenue ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $7138046228 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $7138046228 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 100591052 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 100591052 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $7138046228 | &nbsp;&nbsp;&nbsp; $100591052 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $7238637280 |
| &nbsp;&nbsp; Invesco S&P MidCap 400 Revenue ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $1048020125 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $1048020125 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 404685 | &nbsp;&nbsp;&nbsp; 149586179 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 149990864 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $1048424810 | &nbsp;&nbsp;&nbsp; $149586179 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $1198010989 |
| &nbsp;&nbsp; Invesco S&P SmallCap 600 Revenue ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $1551440659 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $1551440659 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 1198068 | &nbsp;&nbsp;&nbsp; 304935322 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 306133390 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $1552638727 | &nbsp;&nbsp;&nbsp; $304935322 | &nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $1857574049 |
| &nbsp;&nbsp; Invesco S&P Ultra Dividend Revenue ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $868734471 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $868734471 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 49811541 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 49811541 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $868734471 | &nbsp;&nbsp;&nbsp; $49811541 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $918546012 |

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Downers Grove

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60515

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

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

- **a. Name of Series:** Invesco S&P SmallCap 600 Revenue ETF

- **b. EDGAR series identifier (if any):** S000064596

- **c. LEI of Series:** 5493007MWNMX3MSZVQ50

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2025-11-30

**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:** $1858925824.72

**Total Liabilities:** $305420392.14

**Net Assets:** $1553505432.58

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000209113 | 1.22%                | -1.70%               | 2.65%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2739514.38             | $20137369.27                               |
| Month 2  | $17127667.74             | $-44247484.42                              |
| Month 3  | $23055268.82             | $15143696.05                               |

### Schedule of Portfolio Investments

| Name                                         | Title                                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Archrock, Inc.                               | Archrock, Inc.                                             | CUSIP: 03957W106<br>LEI: 549300K3RIHMHDVFTL28 | Long             | EC               | CORP              | US        |     63401 | NS      | $1555860.54   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Four Corners Property Trust, Inc.            | Four Corners Property Trust, Inc.                          | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               | CORP              | US        |     12107 | NS      | $291052.28    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Innoviva, Inc.                               | Innoviva, Inc.                                             | CUSIP: 45781M101<br>LEI: 549300ACOX4QTBES6535 | Long             | EC               | CORP              | US        |     21535 | NS      | $467955.55    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Brinker International, Inc.                  | Brinker International, Inc.                                | CUSIP: 109641100<br>LEI: 52990067JY6PBGJNTG76 | Long             | EC               | CORP              | US        |     40278 | NS      | $6194353.62   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| St. Joe Co. (The)                            | St. Joe Co. (The)                                          | CUSIP: 790148100<br>LEI: 529900XVHOT3BF8PWG49 | Long             | EC               | CORP              | US        |      9476 | NS      | $571687.08    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrowhead Pharmaceuticals, Inc.              | Arrowhead Pharmaceuticals, Inc.                            | CUSIP: 04280A100<br>LEI: 549300O3CSB8T7OZ3D66 | Long             | EC               | CORP              | US        |     30722 | NS      | $1619049.40   | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Ingevity Corp.                               | Ingevity Corp.                                             | CUSIP: 45688C107<br>LEI: 5493009UTFC4B5IMGF87 | Long             | EC               | CORP              | US        |     27076 | NS      | $1414179.48   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Integer Holdings Corp.                       | Integer Holdings Corp.                                     | CUSIP: 45826H109<br>LEI: 549300SUD2ED5XG6X569 | Long             | EC               | CORP              | US        |     20374 | NS      | $1470595.32   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Axcelis Technologies, Inc.                   | Axcelis Technologies, Inc.                                 | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Long             | EC               | CORP              | US        |     12672 | NS      | $1048861.44   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| American Eagle Outfitters, Inc.              | American Eagle Outfitters, Inc.                            | CUSIP: 02553E106<br>LEI: 5299001Z9HXK01DHW793 | Long             | EC               | CORP              | US        |    316294 | NS      | $6452397.60   | 0.42%             |  |  |  | No            |                  1 | On Loan: —       |
| Comstock Resources, Inc.                     | Comstock Resources, Inc.                                   | CUSIP: 205768302<br>LEI: I03QQGEA4SS774AURI46 | Long             | EC               | CORP              | US        |    116006 | NS      | $3115921.16   | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| Hope Bancorp, Inc.                           | Hope Bancorp, Inc.                                         | CUSIP: 43940T109<br>LEI: 549300UTF4QGMBHIZ219 | Long             | EC               | CORP              | US        |     96897 | NS      | $1029046.14   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Impinj, Inc.                                 | Impinj, Inc.                                               | CUSIP: 453204109<br>LEI: 549300M26VGKSMMWWN17 | Long             | EC               | CORP              | US        |      2061 | NS      | $354224.07    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Protagonist Therapeutics, Inc.               | Protagonist Therapeutics, Inc.                             | CUSIP: 74366E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4080 | NS      | $367200.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| JBT Marel Corp.                              | JBT Marel Corp.                                            | CUSIP: 477839104<br>LEI: 5493007CT6ATBZ2L6826 | Long             | EC               | CORP              | US        |     23073 | NS      | $3242448.69   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| First Hawaiian, Inc.                         | First Hawaiian, Inc.                                       | CUSIP: 32051X108<br>LEI: 5493002DJSH46F5OLV06 | Long             | EC               | CORP              | US        |     52728 | NS      | $1313981.76   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AdvanSix Inc.                                | AdvanSix Inc.                                              | CUSIP: 00773T101<br>LEI: 5493009TPRODMCAZLF67 | Long             | EC               | CORP              | US        |     85783 | NS      | $1320200.37   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Donnelley Financial Solutions, Inc.          | Donnelley Financial Solutions, Inc.                        | CUSIP: 25787G100<br>LEI: 549300O1NPY4J56QCU04 | Long             | EC               | CORP              | US        |     15683 | NS      | $769407.98    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| FB Financial Corp.                           | FB Financial Corp.                                         | CUSIP: 30257X104<br>LEI: 5493000B2LD2C2A6C435 | Long             | EC               | CORP              | US        |     15161 | NS      | $846893.46    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Adient PLC                                   | Adient PLC                                                 | CUSIP: G0084W101<br>LEI: 5493002QLDY8O75RTR78 | Long             | EC               | CORP              | IE        |    702050 | NS      | $13661893.00  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Avista Corp.                                 | Avista Corp.                                               | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |     62432 | NS      | $2583436.16   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| CoreCivic, Inc.                              | CoreCivic, Inc.                                            | CUSIP: 21871N101<br>LEI: 529900JFA3K6PTLT8B15 | Long             | EC               | CORP              | US        |    113165 | NS      | $2042628.25   | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| BlackLine, Inc.                              | BlackLine, Inc.                                            | CUSIP: 09239B109<br>LEI: 529900P9N7PK9LV5EK56 | Long             | EC               | CORP              | US        |     14187 | NS      | $808517.13    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Innovative Industrial Properties, Inc.       | Innovative Industrial Properties, Inc.                     | CUSIP: 45781V101<br>LEI: 5493008BQ0545EZXRR30 | Long             | EC               | CORP              | US        |      5669 | NS      | $280332.05    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| International Seaways, Inc.                  | International Seaways, Inc.                                | CUSIP: Y41053102<br>LEI: 549300YUFDGFRNGBWF46 | Long             | EC               | CORP              | MH        |     19447 | NS      | $1030107.59   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| LCI Industries                               | LCI Industries                                             | CUSIP: 50189K103<br>LEI: 549300E1B98YNJ1WIQ04 | Long             | EC               | CORP              | US        |     43916 | NS      | $4991931.72   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| MYR Group Inc.                               | MYR Group Inc.                                             | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |     22393 | NS      | $5023197.76   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Signet Jewelers Ltd.                         | Signet Jewelers Ltd.                                       | CUSIP: G81276100<br>LEI: 549300N3XPGE91WV7M22 | Long             | EC               | CORP              | BM        |     85616 | NS      | $8575298.56   | 0.55%             |  |  |  | No            |                  1 | On Loan: —       |
| Patterson-UTI Energy, Inc.                   | Patterson-UTI Energy, Inc.                                 | CUSIP: 703481101<br>LEI: 254900XGFBKIXD6G0697 | Long             | EC               | CORP              | US        |   1058649 | NS      | $6150750.69   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Net Lease, Inc.                       | Global Net Lease, Inc.                                     | CUSIP: 379378201<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EC               | CORP              | US        |     88851 | NS      | $729466.71    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Assured Guaranty Ltd.                        | Assured Guaranty Ltd.                                      | CUSIP: G0585R106<br>LEI: 549300BBOQUJEPH87M14 | Long             | EC               | CORP              | BM        |     12896 | NS      | $1167603.84   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ichor Holdings, Ltd.                         | Ichor Holdings, Ltd.                                       | CUSIP: G4740B105<br>LEI: 529900PS8R2JVLJ2H892 | Long             | EC               | CORP              | KY        |     63166 | NS      | $1061188.80   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| DXC Technology Co.                           | DXC Technology Co.                                         | CUSIP: 23355L106<br>LEI: 549300DOVZ3EDJB7O259 | Long             | EC               | CORP              | US        |   1037613 | NS      | $13696491.60  | 0.88%             |  |  |  | No            |                  1 | On Loan: —       |
| Warrior Met Coal, Inc.                       | Warrior Met Coal, Inc.                                     | CUSIP: 93627C101<br>LEI: 549300152B1S9YKBYV79 | Long             | EC               | CORP              | US        |     24488 | NS      | $1917165.52   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Peabody Energy Corp.                         | Peabody Energy Corp.                                       | CUSIP: 704551100<br>LEI: EJCO258LNNVSKAR2JX59 | Long             | EC               | CORP              | US        |    252244 | NS      | $6871126.56   | 0.44%             |  |  |  | No            |                  1 | On Loan: —       |
| Schneider National, Inc.                     | Schneider National, Inc., Class B                          | CUSIP: 80689H102<br>LEI: 529900V6GZ6G6E3BLV72 | Long             | EC               | CORP              | US        |    264971 | NS      | $5990994.31   | 0.39%             |  |  |  | No            |                  1 | On Loan: —       |
| Adtalem Global Education Inc.                | Adtalem Global Education Inc.                              | CUSIP: 00737L103<br>LEI: 549300Z467EZLMODV621 | Long             | EC               | CORP              | US        |     15266 | NS      | $1413020.96   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Cars.com Inc.                                | Cars.com Inc.                                              | CUSIP: 14575E105<br>LEI: 5493002G6J07LNGX4M98 | Long             | EC               | CORP              | US        |     60823 | NS      | $705546.80    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| KKR Real Estate Finance Trust Inc.           | KKR Real Estate Finance Trust Inc.                         | CUSIP: 48251K100<br>LEI: 549300K23AYZDZ2REL62 | Long             | EC               | CORP              | US        |     58696 | NS      | $498329.04    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Simply Good Foods Co. (The)                  | Simply Good Foods Co. (The)                                | CUSIP: 82900L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     62862 | NS      | $1237124.16   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| JBG SMITH Properties                         | JBG SMITH Properties                                       | CUSIP: 46590V100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24655 | NS      | $449460.65    | 0.03%             |  |  |  | Yes           |                  1 | On Loan: —       |
| Virtus Investment Partners, Inc.             | Virtus Investment Partners, Inc.                           | CUSIP: 92828Q109<br>LEI: 549300HWF93HB8BDM648 | Long             | EC               | CORP              | US        |      5148 | NS      | $821569.32    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Tidewater Inc.                               | Tidewater Inc.                                             | CUSIP: 88642R109<br>LEI: 2549000JA5GRUPLMUH98 | Long             | EC               | CORP              | US        |     26463 | NS      | $1429531.26   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Krystal Biotech, Inc.                        | Krystal Biotech, Inc.                                      | CUSIP: 501147102<br>LEI: 549300YONUY68210OE41 | Long             | EC               | CORP              | US        |      2904 | NS      | $633072.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Tandem Diabetes Care, Inc.                   | Tandem Diabetes Care, Inc.                                 | CUSIP: 875372203<br>LEI: 549300JEPFOD0K4D3I05 | Long             | EC               | CORP              | US        |     94222 | NS      | $1979604.22   | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| CarGurus, Inc.                               | CarGurus, Inc.                                             | CUSIP: 141788109<br>LEI: 54930027BKQN6B7X7G78 | Long             | EC               | CORP              | US        |     29208 | NS      | $1030458.24   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| National Vision Holdings, Inc.               | National Vision Holdings, Inc.                             | CUSIP: 63845R107<br>LEI: 549300JHURCBLI5ROA42 | Long             | EC               | CORP              | US        |     95722 | NS      | $2761579.70   | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| Heidrick & Struggles International, Inc.     | Heidrick & Struggles International, Inc.                   | CUSIP: 422819102<br>LEI: 5493006284N2J367VB57 | Long             | EC               | CORP              | US        |     27699 | NS      | $1630640.13   | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Astrana Health, Inc.                         | Astrana Health, Inc.                                       | CUSIP: 03763A207<br>LEI: 5493008O4R82Q4STJ936 | Long             | EC               | CORP              | US        |     94974 | NS      | $2188200.96   | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Trinity Industries, Inc.                     | Trinity Industries, Inc.                                   | CUSIP: 896522109<br>LEI: R1JB4KXN77XFCXOQKV49 | Long             | EC               | CORP              | US        |    104525 | NS      | $2772003.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Dycom Industries, Inc.                       | Dycom Industries, Inc.                                     | CUSIP: 267475101<br>LEI: 549300F56EKTHQI3WT60 | Long             | EC               | CORP              | US        |     22247 | NS      | $8042957.91   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| United Natural Foods, Inc.                   | United Natural Foods, Inc.                                 | CUSIP: 911163103<br>LEI: 549300GKGW6WPZ282D40 | Long             | EC               | CORP              | US        |   1307647 | NS      | $48788309.57  | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Victory Capital Holdings, Inc.               | Victory Capital Holdings, Inc., Class A                    | CUSIP: 92645B103<br>LEI: 549300BN5LH2CIPPHS71 | Long             | EC               | CORP              | US        |     17183 | NS      | $1080638.87   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy Inc.                          | Liberty Energy Inc., Class A                               | CUSIP: 53115L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    435283 | NS      | $7739331.74   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Cactus, Inc.                                 | Cactus, Inc., Class A                                      | CUSIP: 127203107<br>LEI: 549300J3T8C9F8QFKV08 | Long             | EC               | CORP              | US        |     30651 | NS      | $1315540.92   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp. PLC                   | Gates Industrial Corp. PLC                                 | CUSIP: G39108108<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | GB        |    155655 | NS      | $3542707.80   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Fulton Financial Corp.                       | Fulton Financial Corp.                                     | CUSIP: 360271100<br>LEI: 5493005QLZ6O1BNC0C11 | Long             | EC               | CORP              | US        |    115559 | NS      | $2097395.85   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU Resources Group, Inc.                    | MDU Resources Group, Inc.                                  | CUSIP: 552690109<br>LEI: 549300MA0UV6AI6SNV27 | Long             | EC               | CORP              | US        |    184681 | NS      | $3937398.92   | 0.25%             |  |  |  | No            |                  1 | On Loan: —       |
| Mercury General Corp.                        | Mercury General Corp.                                      | CUSIP: 589400100<br>LEI: 5493001Q9EXPCEL4W527 | Long             | EC               | CORP              | US        |     85660 | NS      | $7976659.20   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Outfitters, Inc.                       | Urban Outfitters, Inc.                                     | CUSIP: 917047102<br>LEI: 549300N3DUFR5U6NRN38 | Long             | EC               | CORP              | US        |     95609 | NS      | $7081758.63   | 0.46%             |  |  |  | No            |                  1 | On Loan: —       |
| Inspire Medical Systems, Inc.                | Inspire Medical Systems, Inc.                              | CUSIP: 457730109<br>LEI: 549300XQQCQ7HCJKTW25 | Long             | EC               | CORP              | US        |     12886 | NS      | $1603147.26   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Goosehead Insurance, Inc.                    | Goosehead Insurance, Inc., Class A                         | CUSIP: 38267D109<br>LEI: 549300WH5MBIWHJ9XY95 | Long             | EC               | CORP              | US        |      4771 | NS      | $341365.05    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Talos Energy Inc.                            | Talos Energy Inc.                                          | CUSIP: 87484T108<br>LEI: 549300OKFHZ84SFJFT95 | Long             | EC               | CORP              | US        |    224696 | NS      | $2575016.16   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| eXp World Holdings, Inc.                     | eXp World Holdings, Inc.                                   | CUSIP: 30212W100<br>LEI: 549300TWVVZC283VEC32 | Long             | EC               | CORP              | US        |    475681 | NS      | $5398979.35   | 0.35%             |  |  |  | No            |                  1 | On Loan: —       |
| Arcus Biosciences, Inc.                      | Arcus Biosciences, Inc.                                    | CUSIP: 03969F109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24923 | NS      | $650490.30    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Genworth Financial, Inc.                     | Genworth Financial, Inc., Class A                          | CUSIP: 37247D106<br>LEI: 549300EMCG286BDNKJ33 | Long             | EC               | CORP              | US        |    949392 | NS      | $8240722.56   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Avanos Medical, Inc.                         | Avanos Medical, Inc.                                       | CUSIP: 05350V106<br>LEI: 549300YCXWOM7NEWMQ58 | Long             | EC               | CORP              | US        |     64810 | NS      | $760869.40    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Trust, Inc.      | Essential Properties Realty Trust, Inc.                    | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               | CORP              | US        |     19004 | NS      | $601666.64    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Strategic Education, Inc.                    | Strategic Education, Inc.                                  | CUSIP: 86272C103<br>LEI: 2549002UYIM8Q5EC8H36 | Long             | EC               | CORP              | US        |     17906 | NS      | $1397026.12   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonos, Inc.                                  | Sonos, Inc.                                                | CUSIP: 83570H108<br>LEI: 549300WEPU6075I77M08 | Long             | EC               | CORP              | US        |    111765 | NS      | $2074358.40   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnolia Oil & Gas Corp.                     | Magnolia Oil & Gas Corp., Class A                          | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     63707 | NS      | $1474179.98   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Arlo Technologies, Inc.                      | Arlo Technologies, Inc.                                    | CUSIP: 04206A101<br>LEI: 549300T4EUX2OQ75HV52 | Long             | EC               | CORP              | US        |     33458 | NS      | $485141.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Axos Financial, Inc.                         | Axos Financial, Inc.                                       | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |     24863 | NS      | $2043241.34   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearway Energy, Inc.                        | Clearway Energy, Inc., Class C                             | CUSIP: 18539C204<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |     29141 | NS      | $1067143.42   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearway Energy, Inc.                        | Clearway Energy, Inc., Class A                             | CUSIP: 18539C105<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |     32092 | NS      | $1097546.40   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontdoor, Inc.                              | Frontdoor, Inc.                                            | CUSIP: 35905A109<br>LEI: 5493008RB0JZJI3QGZ06 | Long             | EC               | CORP              | US        |     35523 | NS      | $1915755.39   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwest Natural Holding Co.                | Northwest Natural Holding Co.                              | CUSIP: 66765N105<br>LEI: 254900PSJL6ZEC8FR782 | Long             | EC               | CORP              | US        |     33880 | NS      | $1676043.60   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ready Capital Corp.                          | Ready Capital Corp.                                        | CUSIP: 75574U101<br>LEI: 549300MYWGZUG7ZUYO87 | Long             | EC               | CORP              | US        |    206215 | NS      | $521723.95    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| LiveRamp Holdings, Inc.                      | LiveRamp Holdings, Inc.                                    | CUSIP: 53815P108<br>LEI: 254900GXS75LG1X7RF88 | Long             | EC               | CORP              | US        |     32389 | NS      | $934422.65    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Verra Mobility Corp.                         | Verra Mobility Corp., Class A                              | CUSIP: 92511U102<br>LEI: 549300XX5EKGLR0M4152 | Long             | EC               | CORP              | US        |     42022 | NS      | $916920.04    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies, Inc.                   | Resideo Technologies, Inc.                                 | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |    236105 | NS      | $7789103.95   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcosa, Inc.                                 | Arcosa, Inc.                                               | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Long             | EC               | CORP              | US        |     32383 | NS      | $3450084.82   | 0.22%             |  |  |  | No            |                  1 | On Loan: —       |
| Element Solutions Inc.                       | Element Solutions Inc.                                     | CUSIP: 28618M106<br>LEI: 549300FLGN6P5CU20J91 | Long             | EC               | CORP              | US        |    110362 | NS      | $2860583.04   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Sally Beauty Holdings, Inc.                  | Sally Beauty Holdings, Inc.                                | CUSIP: 79546E104<br>LEI: 529900VXW6E8ONDIQ271 | Long             | EC               | CORP              | US        |    291936 | NS      | $4630104.96   | 0.30%             |  |  |  | No            |                  1 | On Loan: —       |
| Upbound Group, Inc.                          | Upbound Group, Inc.                                        | CUSIP: 76009N100<br>LEI: 529900QUHE15UQNCCJ63 | Long             | EC               | CORP              | US        |    207363 | NS      | $3715944.96   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Intertechnology, Inc.                 | Vishay Intertechnology, Inc.                               | CUSIP: 928298108<br>LEI: 5493009O8F3QQJTCQR75 | Long             | EC               | CORP              | US        |    223243 | NS      | $3051731.81   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Albany International Corp.                   | Albany International Corp., Class A                        | CUSIP: 012348108<br>LEI: L73WCPNCZIRSQGZTW097 | Long             | EC               | CORP              | US        |     22152 | NS      | $1056207.36   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Ellington Financial Inc.                     | Ellington Financial Inc.                                   | CUSIP: 28852N109<br>LEI: 60GS1D1R1YY5G1W7IT74 | Long             | EC               | CORP              | US        |     39796 | NS      | $545205.20    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Topgolf Callaway Brands Corp.                | Topgolf Callaway Brands Corp.                              | CUSIP: 131193104<br>LEI: 5493005UB0KFRKBPCU72 | Long             | EC               | CORP              | US        |    516633 | NS      | $6654233.04   | 0.43%             |  |  |  | No            |                  1 | On Loan: —       |
| Horace Mann Educators Corp.                  | Horace Mann Educators Corp.                                | CUSIP: 440327104<br>LEI: 254900G5YAV3A2YK8T32 | Long             | EC               | CORP              | US        |     41280 | NS      | $1889798.40   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan International, Inc.                    | Titan International, Inc.                                  | CUSIP: 88830M102<br>LEI: 254900CXRGBE7C4B5A06 | Long             | EC               | CORP              | US        |    242954 | NS      | $1965497.86   | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| Cheesecake Factory Inc. (The)                | Cheesecake Factory Inc. (The)                              | CUSIP: 163072101<br>LEI: 529900872XMLK10SY247 | Long             | EC               | CORP              | US        |     72750 | NS      | $3467265.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: —       |
| Minerals Technologies Inc.                   | Minerals Technologies Inc.                                 | CUSIP: 603158106<br>LEI: 549300D3I1QU67GP6403 | Long             | EC               | CORP              | US        |     37570 | NS      | $2203480.50   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| WD-40 Co.                                    | WD-40 Co.                                                  | CUSIP: 929236107<br>LEI: 549300UZHTN0CNKBOB19 | Long             | EC               | CORP              | US        |      3250 | NS      | $636350.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Scholastic Corp.                             | Scholastic Corp.                                           | CUSIP: 807066105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     71187 | NS      | $2102863.98   | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Griffon Corp.                                | Griffon Corp.                                              | CUSIP: 398433102<br>LEI: 5493000C2SGNC7ZN3242 | Long             | EC               | CORP              | US        |     36855 | NS      | $2764125.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Stewart Information Services Corp.           | Stewart Information Services Corp.                         | CUSIP: 860372101<br>LEI: 529900TV1XI0PLKENU10 | Long             | EC               | CORP              | US        |     41997 | NS      | $3218230.11   | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Advanced Energy Industries, Inc.             | Advanced Energy Industries, Inc.                           | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |     12095 | NS      | $2554343.05   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmonic Inc.                                | Harmonic Inc.                                              | CUSIP: 413160102<br>LEI: 549300LRGRD8XC9BTL66 | Long             | EC               | CORP              | US        |     78681 | NS      | $752190.36    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Astec Industries, Inc.                       | Astec Industries, Inc.                                     | CUSIP: 046224101<br>LEI: 5493002DO2QKHLKB2A48 | Long             | EC               | CORP              | US        |     33072 | NS      | $1463766.72   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeco Instruments Inc.                       | Veeco Instruments Inc.                                     | CUSIP: 922417100<br>LEI: 5493004201F72ADDZW04 | Long             | EC               | CORP              | US        |     31175 | NS      | $911245.25    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| WaFd, Inc.                                   | WaFd, Inc.                                                 | CUSIP: 938824109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     54817 | NS      | $1735506.22   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Extreme Networks, Inc.                       | Extreme Networks, Inc.                                     | CUSIP: 30226D106<br>LEI: 549300WRECW11X94UB57 | Long             | EC               | CORP              | US        |     57315 | NS      | $1003012.50   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Merit Medical Systems, Inc.                  | Merit Medical Systems, Inc.                                | CUSIP: 589889104<br>LEI: 549300OYTY138SP2CE83 | Long             | EC               | CORP              | US        |     18595 | NS      | $1610141.05   | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| OSI Systems, Inc.                            | OSI Systems, Inc.                                          | CUSIP: 671044105<br>LEI: DDX3MPX1Y8YD30050X33 | Long             | EC               | CORP              | US        |      8284 | NS      | $2243721.40   | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Apogee Enterprises, Inc.                     | Apogee Enterprises, Inc.                                   | CUSIP: 037598109<br>LEI: 549300579S7QW8V4IJ60 | Long             | EC               | CORP              | US        |     38501 | NS      | $1401821.41   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| XPEL, Inc.                                   | XPEL, Inc.                                                 | CUSIP: 98379L100<br>LEI: 549300KWSE3IGXLJNW66 | Long             | EC               | CORP              | US        |     14064 | NS      | $653694.72    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Park National Corp.                          | Park National Corp.                                        | CUSIP: 700658107<br>LEI: 984500Q3E941TDF87712 | Long             | EC               | CORP              | US        |      4420 | NS      | $678691.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensient Technologies Corp.                  | Sensient Technologies Corp.                                | CUSIP: 81725T100<br>LEI: CMMZHMFZQG86EI7WZU92 | Long             | EC               | CORP              | US        |     17223 | NS      | $1679070.27   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Palomar Holdings, Inc.                       | Palomar Holdings, Inc.                                     | CUSIP: 69753M105<br>LEI: 549300DOI1MUW11BLX74 | Long             | EC               | CORP              | US        |      6452 | NS      | $801402.92    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| American Axle & Manufacturing Holdings, Inc. | American Axle & Manufacturing Holdings, Inc.               | CUSIP: 024061103<br>LEI: 254900SMQY98VFKNCC32 | Long             | EC               | CORP              | US        |   1135035 | NS      | $7457179.95   | 0.48%             |  |  |  | No            |                  1 | On Loan: —       |
| American States Water Co.                    | American States Water Co.                                  | CUSIP: 029899101<br>LEI: 529900L26LIS2V8PWM23 | Long             | EC               | CORP              | US        |      9391 | NS      | $692774.07    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| California Water Service Group               | California Water Service Group                             | CUSIP: 130788102<br>LEI: 529900QABDOBU6UVRQ36 | Long             | EC               | CORP              | US        |     25422 | NS      | $1153396.14   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cathay General Bancorp                       | Cathay General Bancorp                                     | CUSIP: 149150104<br>LEI: 549300K1SLJ8C97H5L68 | Long             | EC               | CORP              | US        |     31699 | NS      | $1535499.56   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CVB Financial Corp.                          | CVB Financial Corp.                                        | CUSIP: 126600105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36135 | NS      | $711136.80    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| ESCO Technologies Inc.                       | ESCO Technologies Inc.                                     | CUSIP: 296315104<br>LEI: 5493007JJLP5MEWVDH10 | Long             | EC               | CORP              | US        |      6118 | NS      | $1302583.38   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Electric Co., Inc.                  | Franklin Electric Co., Inc.                                | CUSIP: 353514102<br>LEI: RR6AURIKMXUE4Q24G284 | Long             | EC               | CORP              | US        |     25068 | NS      | $2385220.20   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Gibraltar Industries, Inc.                   | Gibraltar Industries, Inc.                                 | CUSIP: 374689107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23442 | NS      | $1171162.32   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Enviri Corp.                                 | Enviri Corp.                                               | CUSIP: 415864107<br>LEI: KAO98FK89NPNNPQGUZ43 | Long             | EC               | CORP              | US        |    218244 | NS      | $4002594.96   | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| Helen of Troy Ltd.                           | Helen of Troy Ltd.                                         | CUSIP: G4388N106<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     90161 | NS      | $1708550.95   | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| La-Z-Boy Inc.                                | La-Z-Boy Inc.                                              | CUSIP: 505336107<br>LEI: 549300WNO1WMN9ZG2519 | Long             | EC               | CORP              | US        |     70799 | NS      | $2755497.08   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| TransMedics Group, Inc.                      | TransMedics Group, Inc.                                    | CUSIP: 89377M109<br>LEI: 549300060GVOSMWARH50 | Long             | EC               | CORP              | US        |      5592 | NS      | $818165.52    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| NBT Bancorp Inc.                             | NBT Bancorp Inc.                                           | CUSIP: 628778102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21519 | NS      | $892177.74    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Otter Tail Corp.                             | Otter Tail Corp.                                           | CUSIP: 689648103<br>LEI: 549300HHVBQRQUVKKD91 | Long             | EC               | CORP              | US        |     18228 | NS      | $1498341.60   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PENN Entertainment, Inc.                     | PENN Entertainment, Inc.                                   | CUSIP: 707569109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    389021 | NS      | $5773071.64   | 0.37%             |  |  |  | No            |                  1 | On Loan: —       |
| Redwood Trust, Inc.                          | Redwood Trust, Inc.                                        | CUSIP: 758075402<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | EC               | CORP              | US        |    201191 | NS      | $1108562.41   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| RPC, Inc.                                    | RPC, Inc.                                                  | CUSIP: 749660106<br>LEI: 549300ZDXAFBC3SB4918 | Long             | EC               | CORP              | US        |    358402 | NS      | $1906698.64   | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Teleflex Inc.                                | Teleflex Inc.                                              | CUSIP: 879369106<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | EC               | CORP              | US        |     27233 | NS      | $3115999.86   | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| Tompkins Financial Corp.                     | Tompkins Financial Corp.                                   | CUSIP: 890110109<br>LEI: 254900QDQ6V0QJ0Z2348 | Long             | EC               | CORP              | US        |      7404 | NS      | $511690.44    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| UniFirst Corp.                               | UniFirst Corp.                                             | CUSIP: 904708104<br>LEI: 5493003XBTNWBC8UK019 | Long             | EC               | CORP              | US        |     16468 | NS      | $2841553.40   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Hawaii Corp.                         | Bank of Hawaii Corp.                                       | CUSIP: 062540109<br>LEI: 5493006Q8BQ8AD8M2U33 | Long             | EC               | CORP              | US        |     17392 | NS      | $1139871.68   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohu, Inc.                                   | Cohu, Inc.                                                 | CUSIP: 192576106<br>LEI: 529900FJPORJ3JJ2XS33 | Long             | EC               | CORP              | US        |     20978 | NS      | $510184.96    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Federal Signal Corp.                         | Federal Signal Corp.                                       | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |     18263 | NS      | $2081982.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MillerKnoll, Inc.                            | MillerKnoll, Inc.                                          | CUSIP: 600544100<br>LEI: U98HXD3PNK7HYU2MU887 | Long             | EC               | CORP              | US        |    211205 | NS      | $3343375.15   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Rogers Corp.                                 | Rogers Corp.                                               | CUSIP: 775133101<br>LEI: PW0CN80KNFR7RUOOKJ84 | Long             | EC               | CORP              | US        |     11812 | NS      | $989963.72    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Vicor Corp.                                  | Vicor Corp.                                                | CUSIP: 925815102<br>LEI: 5299005KMQOTR6B51F09 | Long             | EC               | CORP              | US        |      8592 | NS      | $767695.20    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Werner Enterprises, Inc.                     | Werner Enterprises, Inc.                                   | CUSIP: 950755108<br>LEI: 549300P6XRGOCHHJST37 | Long             | EC               | CORP              | US        |    124861 | NS      | $3191447.16   | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Andersons, Inc. (The)                        | Andersons, Inc. (The)                                      | CUSIP: 034164103<br>LEI: L38MWB8MVRFV7HVJPU11 | Long             | EC               | CORP              | US        |    332908 | NS      | $17144762.00  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter, Inc.                           | Badger Meter, Inc.                                         | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |      5586 | NS      | $997324.44    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CTS Corp.                                    | CTS Corp.                                                  | CUSIP: 126501105<br>LEI: 549300YV1HQLBVHOI649 | Long             | EC               | CORP              | US        |     14081 | NS      | $596048.73    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MGE Energy, Inc.                             | MGE Energy, Inc.                                           | CUSIP: 55277P104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9678 | NS      | $801531.96    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlantic Union Bankshares Corp.              | Atlantic Union Bankshares Corp., Class B                   | CUSIP: 04911A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     54770 | NS      | $1852869.10   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Kontoor Brands, Inc.                         | Kontoor Brands, Inc.                                       | CUSIP: 50050N103<br>LEI: 549300M0CPXV65RFF271 | Long             | EC               | CORP              | US        |     40044 | NS      | $2977271.40   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Tootsie Roll Industries, Inc.                | Tootsie Roll Industries, Inc.                              | CUSIP: 890516107<br>LEI: 529900SBKOV9XX4M4Q35 | Long             | EC               | CORP              | US        |     20663 | NS      | $792632.68    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Brady Corp.                                  | Brady Corp., Class A                                       | CUSIP: 104674106<br>LEI: 549300G2LEQOFQC8GY34 | Long             | EC               | CORP              | US        |     22542 | NS      | $1763686.08   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Materion Corp.                               | Materion Corp.                                             | CUSIP: 576690101<br>LEI: 549300CJ5RI351SUYT02 | Long             | EC               | CORP              | US        |     18122 | NS      | $2214327.18   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Restaurants, Inc.                       | BJ's Restaurants, Inc.                                     | CUSIP: 09180C106<br>LEI: 5299000EOW66I1OJNQ23 | Long             | EC               | CORP              | US        |     51041 | NS      | $1957422.35   | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| CorVel Corp.                                 | CorVel Corp.                                               | CUSIP: 221006109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12026 | NS      | $880062.68    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Greenbrier Cos., Inc. (The)                  | Greenbrier Cos., Inc. (The)                                | CUSIP: 393657101<br>LEI: 5493001GAGGFR30BP390 | Long             | EC               | CORP              | US        |     88891 | NS      | $3953871.68   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Services Group, Inc.              | Healthcare Services Group, Inc.                            | CUSIP: 421906108<br>LEI: 529900GVZ1D2FBYMS719 | Long             | EC               | CORP              | US        |    128661 | NS      | $2416253.58   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Interparfums, Inc.                           | Interparfums, Inc.                                         | CUSIP: 458334109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15340 | NS      | $1246681.80   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Monro, Inc.                                  | Monro, Inc.                                                | CUSIP: 610236101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     82639 | NS      | $1546175.69   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| H2O America                                  | H2O America                                                | CUSIP: 784305104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17852 | NS      | $828868.36    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AAR Corp.                                    | AAR Corp.                                                  | CUSIP: 000361105<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | EC               | CORP              | US        |     43625 | NS      | $3630036.25   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| National HealthCare Corp.                    | National HealthCare Corp.                                  | CUSIP: 635906100<br>LEI: 254900PTS11LS1JS2752 | Long             | EC               | CORP              | US        |     14843 | NS      | $2022952.47   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| PriceSmart, Inc.                             | PriceSmart, Inc.                                           | CUSIP: 741511109<br>LEI: 549300JVYOSTGVSDZS46 | Long             | EC               | CORP              | US        |     53789 | NS      | $6621425.90   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Tanger Inc.                                  | Tanger Inc.                                                | CUSIP: 875465106<br>LEI: UKEW8YSXE4Y581KYOL30 | Long             | EC               | CORP              | US        |     17926 | NS      | $601955.08    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Tennant Co.                                  | Tennant Co.                                                | CUSIP: 880345103<br>LEI: JYAIRLT8DVP6DP8UT336 | Long             | EC               | CORP              | US        |     18128 | NS      | $1325700.64   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Provident Financial Services, Inc.           | Provident Financial Services, Inc.                         | CUSIP: 74386T105<br>LEI: 529900JOSO3SXEDVE477 | Long             | EC               | CORP              | US        |     79688 | NS      | $1528415.84   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Encore Capital Group, Inc.                   | Encore Capital Group, Inc.                                 | CUSIP: 292554102<br>LEI: 5493000UVC6H49CIH830 | Long             | EC               | CORP              | US        |     39661 | NS      | $2058009.29   | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| Hilltop Holdings Inc.                        | Hilltop Holdings Inc.                                      | CUSIP: 432748101<br>LEI: 54930010TA543US0PM65 | Long             | EC               | CORP              | US        |     52614 | NS      | $1805712.48   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultra Clean Holdings, Inc.                   | Ultra Clean Holdings, Inc.                                 | CUSIP: 90385V107<br>LEI: 5493007L6LS7QX18PE75 | Long             | EC               | CORP              | US        |    100877 | NS      | $2558240.72   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Arbor Realty Trust, Inc.                     | Arbor Realty Trust, Inc.                                   | CUSIP: 038923108<br>LEI: 549300ASFUWYQO0RW077 | Long             | EC               | CORP              | US        |    128692 | NS      | $1146645.72   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Insteel Industries Inc.                      | Insteel Industries Inc.                                    | CUSIP: 45774W108<br>LEI: 52990026LKY4MOX3L174 | Long             | EC               | CORP              | US        |     17530 | NS      | $536067.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Grocery Outlet Holding Corp.                 | Grocery Outlet Holding Corp.                               | CUSIP: 39874R101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    298514 | NS      | $3322460.82   | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Acadian Asset Management Inc.                | Acadian Asset Management Inc.                              | CUSIP: 10948W103<br>LEI: 5493004FTLQNQTBOP608 | Long             | EC               | CORP              | US        |     13456 | NS      | $603367.04    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Koppers Holdings Inc.                        | Koppers Holdings Inc.                                      | CUSIP: 50060P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     83074 | NS      | $2464805.58   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Water Products, Inc.                 | Mueller Water Products, Inc., Class A                      | CUSIP: 624758108<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | EC               | CORP              | US        |     65710 | NS      | $1592810.40   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Armstrong World Industries, Inc.             | Armstrong World Industries, Inc.                           | CUSIP: 04247X102<br>LEI: KXMRXXOJ88Q45Y45MG74 | Long             | EC               | CORP              | US        |      9209 | NS      | $1747315.66   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Cinemark Holdings, Inc.                      | Cinemark Holdings, Inc.                                    | CUSIP: 17243V102<br>LEI: 549300LL2QMPTYIE0K55 | Long             | EC               | CORP              | US        |    137425 | NS      | $3762696.50   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Employers Holdings, Inc.                     | Employers Holdings, Inc.                                   | CUSIP: 292218104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23905 | NS      | $952614.25    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Radian Group Inc.                            | Radian Group Inc.                                          | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Long             | EC               | CORP              | US        |     42791 | NS      | $1521220.05   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Vir Biotechnology, Inc.                      | Vir Biotechnology, Inc.                                    | CUSIP: 92764N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4175 | NS      | $26803.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| Progyny, Inc.                                | Progyny, Inc.                                              | CUSIP: 74340E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     62271 | NS      | $1642086.27   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| AdaptHealth Corp.                            | AdaptHealth Corp.                                          | CUSIP: 00653Q102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    410093 | NS      | $3961498.38   | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| SiTime Corp.                                 | SiTime Corp.                                               | CUSIP: 82982T106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1213 | NS      | $361110.10    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| O-I Glass, Inc.                              | O-I Glass, Inc.                                            | CUSIP: 67098H104<br>LEI: 213800PXY6M8SANLLB49 | Long             | EC               | CORP              | US        |    592704 | NS      | $7989649.92   | 0.51%             |  |  |  | No            |                  1 | On Loan: —       |
| Perdoceo Education Corp.                     | Perdoceo Education Corp.                                   | CUSIP: 71363P106<br>LEI: 529900X5PCA184O9LY90 | Long             | EC               | CORP              | US        |     25959 | NS      | $725813.64    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Korn Ferry                                   | Korn Ferry                                                 | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |     43991 | NS      | $2893288.07   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CleanSpark, Inc.                             | CleanSpark, Inc.                                           | CUSIP: 18452B209<br>LEI: 254900VO7KBRJQDGY810 | Long             | EC               | CORP              | US        |     70858 | NS      | $1069955.80   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Enerpac Tool Group Corp.                     | Enerpac Tool Group Corp.                                   | CUSIP: 292765104<br>LEI: IZW37BPZKUJE1QXGB081 | Long             | EC               | CORP              | US        |     16035 | NS      | $607245.45    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Schrodinger, Inc.                            | Schrodinger, Inc.                                          | CUSIP: 80810D103<br>LEI: 984500044BAE4791E559 | Long             | EC               | CORP              | US        |     14571 | NS      | $255866.76    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Invesco Government & Agency Portfolio        | Invesco Government & Agency Portfolio, Institutional Class | CUSIP: 825252885<br>LEI: 5493007T1J7WZ5QI1A47 | Long             | STIV             | RF                | US        |   1198068 | NS      | $1198068.39   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERISAFE, Inc.                              | AMERISAFE, Inc.                                            | CUSIP: 03071H100<br>LEI: 2549002B4EXPBLGMNN22 | Long             | EC               | CORP              | US        |      7631 | NS      | $311344.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| G-III Apparel Group, Ltd.                    | G-III Apparel Group, Ltd.                                  | CUSIP: 36237H101<br>LEI: 529900O5KABM3R3SFM87 | Long             | EC               | CORP              | US        |    136111 | NS      | $3967635.65   | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| Middlesex Water Co.                          | Middlesex Water Co.                                        | CUSIP: 596680108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4167 | NS      | $213808.77    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FMC Corp.                                    | FMC Corp.                                                  | CUSIP: 302491303<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | EC               | CORP              | US        |    130781 | NS      | $1868860.49   | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| First BanCorp.                               | First BanCorp.                                             | CUSIP: 318672706<br>LEI: 5493000C44WC17AV1S09 | Long             | EC               | CORP              | PR        |     66357 | NS      | $1311877.89   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Grid Dynamics Holdings, Inc.                 | Grid Dynamics Holdings, Inc.                               | CUSIP: 39813G109<br>LEI: 9845007E77EEC65AZE29 | Long             | EC               | CORP              | US        |     57938 | NS      | $507536.88    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ManpowerGroup Inc.                           | ManpowerGroup Inc.                                         | CUSIP: 56418H100<br>LEI: ERO1WSFOSR0JJ6CRQ987 | Long             | EC               | CORP              | US        |    533875 | NS      | $15354245.00  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilysys, Inc.                               | Agilysys, Inc.                                             | CUSIP: 00847J105<br>LEI: 5299001XWB5V3B5IPN93 | Long             | EC               | CORP              | US        |      2971 | NS      | $365314.16    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Invesco Private Government Fund              | Invesco Private Government Fund                            | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |  86942343 | NS      | $86942343.43  | 5.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Universal Health Realty Income Trust         | Universal Health Realty Income Trust                       | CUSIP: 91359E105<br>LEI: 549300L4MWZL4IH6H172 | Long             | EC               | CORP              | US        |      2658 | NS      | $108047.70    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Deluxe Corp.                                 | Deluxe Corp.                                               | CUSIP: 248019101<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | EC               | CORP              | US        |    126090 | NS      | $2562148.80   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Vital Energy, Inc.                           | Vital Energy, Inc.                                         | CUSIP: 516806205<br>LEI: 549300X0PTWU2QSLSL14 | Long             | EC               | CORP              | US        |    132574 | NS      | $2377051.82   | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| Bristow Group Inc.                           | Bristow Group Inc.                                         | CUSIP: 11040G103<br>LEI: 5493005Q24EN3UC1PV68 | Long             | EC               | CORP              | US        |     43741 | NS      | $1640724.91   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Financial Inc.                       | Jackson Financial Inc., Class A                            | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |     67224 | NS      | $6588624.24   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinetik Holdings Inc.                        | Kinetik Holdings Inc., Class A                             | CUSIP: 02215L209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44626 | NS      | $1547629.68   | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Willscot Holdings Corp.                      | Willscot Holdings Corp.                                    | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |    117514 | NS      | $2320901.50   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneX Group Inc.                            | StoneX Group Inc.                                          | CUSIP: 861896108<br>LEI: 549300JUF07L8VF02M60 | Long             | EC               | CORP              | US        |     24311 | NS      | $2202819.71   | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Ethan Allen Interiors Inc.                   | Ethan Allen Interiors Inc.                                 | CUSIP: 297602104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23458 | NS      | $554547.12    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Private Prime Fund                   | Invesco Private Prime Fund                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        | 217992979 | NS      | $217992979.28 | 14.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Getty Realty Corp.                           | Getty Realty Corp.                                         | CUSIP: 374297109<br>LEI: 2549000P1W5SFJWCNP90 | Long             | EC               | CORP              | US        |      8255 | NS      | $235019.85    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| H.B. Fuller Co.                              | H.B. Fuller Co.                                            | CUSIP: 359694106<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | EC               | CORP              | US        |     66351 | NS      | $3866936.28   | 0.25%             |  |  |  | No            |                  1 | On Loan: —       |
| Caesars Entertainment, Inc.                  | Caesars Entertainment, Inc.                                | CUSIP: 12769G100<br>LEI: 549300FA4CTCW903Y781 | Long             | EC               | CORP              | US        |    512632 | NS      | $11928946.64  | 0.77%             |  |  |  | No            |                  1 | On Loan: —       |
| Hub Group, Inc.                              | Hub Group, Inc., Class A                                   | CUSIP: 443320106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    121246 | NS      | $4676458.22   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmony Biosciences Holdings, Inc.           | Harmony Biosciences Holdings, Inc.                         | CUSIP: 413197104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26179 | NS      | $923856.91    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| StepStone Group Inc.                         | StepStone Group Inc., Class A                              | CUSIP: 85914M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25157 | NS      | $1588916.12   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Oil and Gas, Inc.                   | Northern Oil and Gas, Inc.                                 | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |     99081 | NS      | $2218423.59   | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Corsair Gaming, Inc.                         | Corsair Gaming, Inc.                                       | CUSIP: 22041X102<br>LEI: 549300Y7YT18L8G0H525 | Long             | EC               | CORP              | US        |    188784 | NS      | $1230871.68   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Academy Sports and Outdoors, Inc.            | Academy Sports and Outdoors, Inc.                          | CUSIP: 00402L107<br>LEI: 529900HST589BD301M91 | Long             | EC               | CORP              | US        |    143203 | NS      | $6909544.75   | 0.44%             |  |  |  | No            |                  1 | On Loan: —       |
| Thryv Holdings, Inc.                         | Thryv Holdings, Inc.                                       | CUSIP: 886029206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     67967 | NS      | $382654.21    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Kohl's Corp.                                 | Kohl's Corp.                                               | CUSIP: 500255104<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | EC               | CORP              | US        |   1142448 | NS      | $28092796.32  | 1.81%             |  |  |  | No            |                  1 | On Loan: —       |
| California Resources Corp.                   | California Resources Corp.                                 | CUSIP: 13057Q305<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | EC               | CORP              | US        |     80484 | NS      | $3845525.52   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln National Corp.                       | Lincoln National Corp.                                     | CUSIP: 534187109<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EC               | CORP              | US        |    511175 | NS      | $21029739.50  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| PROG Holdings, Inc.                          | PROG Holdings, Inc.                                        | CUSIP: 74319R101<br>LEI: 549300DHYTLBOVRXIG52 | Long             | EC               | CORP              | US        |     82488 | NS      | $2374004.64   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Garden & Pet Co.                     | Central Garden & Pet Co.                                   | CUSIP: 153527106<br>LEI: 5493004DVZLD37DJ0H83 | Long             | EC               | CORP              | US        |     50793 | NS      | $1735088.88   | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Certara, Inc.                                | Certara, Inc.                                              | CUSIP: 15687V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44156 | NS      | $404468.96    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Centerspace                                  | Centerspace                                                | CUSIP: 15202L107<br>LEI: 5493002LG2SH9EEHT720 | Long             | EC               | CORP              | US        |      5085 | NS      | $339474.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Stride, Inc.                                 | Stride, Inc.                                               | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Long             | EC               | CORP              | US        |     17163 | NS      | $1090365.39   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Itron, Inc.                                  | Itron, Inc.                                                | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |     23712 | NS      | $2348436.48   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| M/I Homes, Inc.                              | M/I Homes, Inc.                                            | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |     34214 | NS      | $4707504.26   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Oceaneering International, Inc.              | Oceaneering International, Inc.                            | CUSIP: 675232102<br>LEI: 549300L6PH74701W0R30 | Long             | EC               | CORP              | US        |    129747 | NS      | $3165826.80   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumen Technologies, Inc.                     | Lumen Technologies, Inc.                                   | CUSIP: 550241103<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | EC               | CORP              | US        |   2408460 | NS      | $19532610.60  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Dream Finders Homes, Inc.                    | Dream Finders Homes, Inc., Class A                         | CUSIP: 26154D100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    188765 | NS      | $3731884.05   | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| Dime Community Bancshares, Inc.              | Dime Community Bancshares, Inc., Class B                   | CUSIP: 25432X102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23890 | NS      | $677281.50    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Alpha Metallurgical Resources, Inc.          | Alpha Metallurgical Resources, Inc.                        | CUSIP: 020764106<br>LEI: 254900VEBGZO2PY8R678 | Long             | EC               | CORP              | US        |     19504 | NS      | $3105231.84   | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| Papa John's International, Inc.              | Papa John's International, Inc.                            | CUSIP: 698813102<br>LEI: HZYLD3DK5XOX0WBVNB56 | Long             | EC               | CORP              | US        |     47926 | NS      | $2016246.82   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SiriusPoint Ltd.                             | SiriusPoint Ltd.                                           | CUSIP: G8192H106<br>LEI: 549300OGXFI85N3YZZ51 | Long             | EC               | CORP              | BM        |    163070 | NS      | $3391856.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Pediatrix Medical Group, Inc.                | Pediatrix Medical Group, Inc.                              | CUSIP: 58502B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    134274 | NS      | $3234660.66   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Mara Holdings, Inc.                          | Mara Holdings, Inc.                                        | CUSIP: 565788106<br>LEI: 549300M8ISKPTX2W7F94 | Long             | EC               | CORP              | US        |     56557 | NS      | $667938.17    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Sun Country Airlines Holdings, Inc.          | Sun Country Airlines Holdings, Inc.                        | CUSIP: 866683105<br>LEI: 549300MOHOJN9GH0NJ48 | Long             | EC               | CORP              | US        |     97991 | NS      | $1342476.70   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Pitney Bowes Inc.                            | Pitney Bowes Inc.                                          | CUSIP: 724479100<br>LEI: 549300N2O26NW4ST6W55 | Long             | EC               | CORP              | US        |    201700 | NS      | $1988762.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| Select Medical Holdings Corp.                | Select Medical Holdings Corp.                              | CUSIP: 81619Q105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    534774 | NS      | $8283649.26   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Kennedy-Wilson Holdings, Inc.                | Kennedy-Wilson Holdings, Inc.                              | CUSIP: 489398107<br>LEI: 549300MOI1T78144X610 | Long             | EC               | CORP              | US        |     66119 | NS      | $643337.87    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| PennyMac Mortgage Investment Trust           | PennyMac Mortgage Investment Trust                         | CUSIP: 70931T103<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EC               | CORP              | US        |    145215 | NS      | $1864560.60   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Privia Health Group, Inc.                    | Privia Health Group, Inc.                                  | CUSIP: 74276R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     95853 | NS      | $2335937.61   | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| Robert Half Inc.                             | Robert Half Inc.                                           | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Long             | EC               | CORP              | US        |    183627 | NS      | $4965274.08   | 0.32%             |  |  |  | No            |                  1 | On Loan: —       |
| Viasat, Inc.                                 | Viasat, Inc.                                               | CUSIP: 92552V100<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | EC               | CORP              | US        |    180736 | NS      | $6204666.88   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Addus HomeCare Corp.                         | Addus HomeCare Corp.                                       | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |     13417 | NS      | $1612723.40   | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| IAC Inc.                                     | IAC Inc.                                                   | CUSIP: 44891N208<br>LEI: 549300TO56L57RP6P031 | Long             | EC               | CORP              | US        |     99718 | NS      | $3497110.26   | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| Hayward Holdings, Inc.                       | Hayward Holdings, Inc.                                     | CUSIP: 421298100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80600 | NS      | $1325870.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| DigitalOcean Holdings, Inc.                  | DigitalOcean Holdings, Inc.                                | CUSIP: 25402D102<br>LEI: 549300EPISPY3RE3DL21 | Long             | EC               | CORP              | US        |     27638 | NS      | $1230443.76   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| TrustCo Bank Corp.                           | TrustCo Bank Corp.                                         | CUSIP: 898349204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7633 | NS      | $321578.29    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Organon & Co.                                | Organon & Co.                                              | CUSIP: 68622V106<br>LEI: 549300AMCKY57OK2CO56 | Long             | EC               | CORP              | US        |    707437 | NS      | $5454339.27   | 0.35%             |  |  |  | No            |                  1 | On Loan: —       |
| DoubleVerify Holdings, Inc.                  | DoubleVerify Holdings, Inc.                                | CUSIP: 25862V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     57776 | NS      | $608959.04    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprinklr, Inc.                               | Sprinklr, Inc., Class A                                    | CUSIP: 85208T107<br>LEI: 254900AR04RJ2BQO5S78 | Long             | EC               | CORP              | US        |    119609 | NS      | $864773.07    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Clear Secure, Inc.                           | Clear Secure, Inc., Class A                                | CUSIP: 18467V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25899 | NS      | $919414.50    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Payoneer Global Inc.                         | Payoneer Global Inc.                                       | CUSIP: 70451X104<br>LEI: 984500491C64C70FF033 | Long             | EC               | CORP              | US        |    181023 | NS      | $1046312.94   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Pebblebrook Hotel Trust                      | Pebblebrook Hotel Trust                                    | CUSIP: 70509V100<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EC               | CORP              | US        |    145542 | NS      | $1650446.28   | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Myriad Genetics, Inc.                        | Myriad Genetics, Inc.                                      | CUSIP: 62855J104<br>LEI: 52990044IHUOUMETT163 | Long             | EC               | CORP              | US        |    135638 | NS      | $1034917.94   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips Edison & Co., Inc.                  | Phillips Edison & Co., Inc.                                | CUSIP: 71844V201<br>LEI: 549300JPN4YHYPXTJQ85 | Long             | EC               | CORP              | US        |     22124 | NS      | $785402.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| N-able, Inc.                                 | N-able, Inc.                                               | CUSIP: 62878D100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     65593 | NS      | $472269.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cytek Biosciences, Inc.                      | Cytek Biosciences, Inc.                                    | CUSIP: 23285D109<br>LEI: 549300K2J28BOC6FBO89 | Long             | EC               | CORP              | US        |     58542 | NS      | $330762.30    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Victoria's Secret & Co.                      | Victoria's Secret & Co.                                    | CUSIP: 926400102<br>LEI: 5493006T3O70U3UWVF17 | Long             | EC               | CORP              | US        |    281730 | NS      | $11643900.90  | 0.75%             |  |  |  | No            |                  1 | On Loan: —       |
| Mister Car Wash, Inc.                        | Mister Car Wash, Inc.                                      | CUSIP: 60646V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    223296 | NS      | $1192400.64   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| OPENLANE, Inc.                               | OPENLANE, Inc.                                             | CUSIP: 48238T109<br>LEI: 5493004HKD20LBSG7D03 | Long             | EC               | CORP              | US        |     73428 | NS      | $1868008.32   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwest Bancshares, Inc.                   | Northwest Bancshares, Inc.                                 | CUSIP: 667340103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     73964 | NS      | $884609.44    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Commercial Real Estate Finance, Inc.  | Apollo Commercial Real Estate Finance, Inc.                | CUSIP: 03762U105<br>LEI: 549300E0AN7M2AQHSY29 | Long             | EC               | CORP              | US        |     64108 | NS      | $649414.04    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Enact Holdings, Inc.                         | Enact Holdings, Inc.                                       | CUSIP: 29249E109<br>LEI: 9845003CA5664B741N19 | Long             | EC               | CORP              | US        |     36842 | NS      | $1426153.82   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sylvamo Corp.                                | Sylvamo Corp.                                              | CUSIP: 871332102<br>LEI: 5493001AOYU1ZOWOC971 | Long             | EC               | CORP              | US        |     95280 | NS      | $4513413.60   | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Zurn Elkay Water Solutions Corp.             | Zurn Elkay Water Solutions Corp.                           | CUSIP: 98983L108<br>LEI: 549300AM3633XDFU1Q85 | Long             | EC               | CORP              | US        |     40938 | NS      | $1952742.60   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin BSP Realty Trust, Inc.              | Franklin BSP Realty Trust, Inc.                            | CUSIP: 35243J101<br>LEI: 549300LH3QNZK9Y1KC93 | Long             | EC               | CORP              | US        |     50685 | NS      | $528137.70    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| ICU Medical, Inc.                            | ICU Medical, Inc.                                          | CUSIP: 44930G107<br>LEI: 5493003NRW7LS2QZRH60 | Long             | EC               | CORP              | US        |     20355 | NS      | $3021496.20   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corp.                         | Terreno Realty Corp.                                       | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8233 | NS      | $516950.07    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| QuinStreet, Inc.                             | QuinStreet, Inc.                                           | CUSIP: 74874Q100<br>LEI: 549300TP8MFBFPOS4Y78 | Long             | EC               | CORP              | US        |     77772 | NS      | $1085697.12   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Hertz Global Holdings, Inc.                  | Hertz Global Holdings, Inc.                                | CUSIP: 42806J700<br>LEI: 549300NBK3K85MH1EX16 | Long             | EC               | CORP              | US        |   1699578 | NS      | $8905788.72   | 0.57%             |  |  |  | No            |                  1 | On Loan: —       |
| Crescent Energy Co.                          | Crescent Energy Co., Class A                               | CUSIP: 44952J104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    463157 | NS      | $4367570.51   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| SL Green Realty Corp.                        | SL Green Realty Corp.                                      | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               | CORP              | US        |     18150 | NS      | $855409.50    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirion Technologies, Inc.                    | Mirion Technologies, Inc.                                  | CUSIP: 60471A101<br>LEI: 549300BNTOWVWFNVTJ65 | Long             | EC               | CORP              | US        |     48572 | NS      | $1263843.44   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SPS Commerce, Inc.                           | SPS Commerce, Inc.                                         | CUSIP: 78463M107<br>LEI: 2549006XVF9GCCETDQ72 | Long             | EC               | CORP              | US        |      7199 | NS      | $599820.68    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha and Omega Semiconductor Ltd.           | Alpha and Omega Semiconductor Ltd.                         | CUSIP: G6331P104<br>LEI: 5493001FE7J03YOV2V35 | Long             | EC               | CORP              | BM        |     27305 | NS      | $553745.40    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| LeMaitre Vascular, Inc.                      | LeMaitre Vascular, Inc.                                    | CUSIP: 525558201<br>LEI: 549300FZUBUB7MHY8R17 | Long             | EC               | CORP              | US        |      2811 | NS      | $233172.45    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Integra LifeSciences Holdings Corp.          | Integra LifeSciences Holdings Corp.                        | CUSIP: 457985208<br>LEI: WB7IJCYY8YFTENS4O147 | Long             | EC               | CORP              | US        |    122254 | NS      | $1603972.48   | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Embecta Corp.                                | Embecta Corp.                                              | CUSIP: 29082K105<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | EC               | CORP              | US        |     82788 | NS      | $1055960.94   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Enovis Corp.                                 | Enovis Corp.                                               | CUSIP: 194014502<br>LEI: 635400OP2DYYYMOIYL17 | Long             | EC               | CORP              | US        |     82296 | NS      | $2491099.92   | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Bread Financial Holdings, Inc.               | Bread Financial Holdings, Inc.                             | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |     84900 | NS      | $5750277.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: —       |
| AZZ Inc.                                     | AZZ Inc.                                                   | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |     15596 | NS      | $1644130.32   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| RadNet, Inc.                                 | RadNet, Inc.                                               | CUSIP: 750491102<br>LEI: 529900RECG94V2IZJ970 | Long             | EC               | CORP              | US        |     30953 | NS      | $2562598.87   | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Calix, Inc.                                  | Calix, Inc.                                                | CUSIP: 13100M509<br>LEI: 5299002RQRZ4SXSCSJ58 | Long             | EC               | CORP              | US        |     15491 | NS      | $856187.57    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| John B. Sanfilippo & Son, Inc.               | John B. Sanfilippo & Son, Inc.                             | CUSIP: 800422107<br>LEI: 5299007IBEYVXKYDUX28 | Long             | EC               | CORP              | US        |     20736 | NS      | $1506055.68   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MaxLinear, Inc.                              | MaxLinear, Inc.                                            | CUSIP: 57776J100<br>LEI: 549300EMOI0SM2IY4F64 | Long             | EC               | CORP              | US        |     26787 | NS      | $417073.59    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Digi International Inc.                      | Digi International Inc.                                    | CUSIP: 253798102<br>LEI: 529900KG656HGROI4N27 | Long             | EC               | CORP              | US        |     13799 | NS      | $577212.17    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Kadant Inc.                                  | Kadant Inc.                                                | CUSIP: 48282T104<br>LEI: 549300K06LNJYBMPYP15 | Long             | EC               | CORP              | US        |      3630 | NS      | $1009575.60   | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| QuidelOrtho Corp.                            | QuidelOrtho Corp.                                          | CUSIP: 219798105<br>LEI: 549300YU8CMO9HF53113 | Long             | EC               | CORP              | US        |    115664 | NS      | $3163410.40   | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| SPX Technologies, Inc.                       | SPX Technologies, Inc.                                     | CUSIP: 78473E103<br>LEI: P761FCI0CPOG24I8JE10 | Long             | EC               | CORP              | US        |     12548 | NS      | $2698321.92   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Noble Corp. PLC                              | Noble Corp. PLC                                            | CUSIP: G65431127<br>LEI: 549300I3HBUNXO0OG954 | Long             | EC               | CORP              | GB        |    131732 | NS      | $4033633.84   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Adeia Inc.                                   | Adeia Inc.                                                 | CUSIP: 00676P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27935 | NS      | $345555.95    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Stellar Bancorp, Inc.                        | Stellar Bancorp, Inc.                                      | CUSIP: 858927106<br>LEI: 54930070P8Z0WHFBB536 | Long             | EC               | CORP              | US        |     21703 | NS      | $686031.83    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| RXO, Inc.                                    | RXO, Inc.                                                  | CUSIP: 74982T103<br>LEI: 549300KL8CA6GP8XPM30 | Long             | EC               | CORP              | US        |    383878 | NS      | $5074867.16   | 0.33%             |  |  |  | No            |                  1 | On Loan: —       |
| Two Harbors Investment Corp.                 | Two Harbors Investment Corp.                               | CUSIP: 90187B804<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EC               | CORP              | US        |     74441 | NS      | $754831.74    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| OmniAb, Inc.                                 | OmniAb, Inc., Rts., 2027-11-02                             | CUSIP: 68218J202<br>LEI: 5493008K7TB0IKP37H79 | Long             | EC               | CORP              | US        |       785 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: —       |
| OmniAb, Inc.                                 | OmniAb, Inc., Rts., expiring 2027-11-02                    | CUSIP: 68218J301<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       785 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Capitol Federal Financial, Inc.              | Capitol Federal Financial, Inc.                            | CUSIP: 14057J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     71344 | NS      | $471583.84    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterBrand, Inc.                            | MasterBrand, Inc.                                          | CUSIP: 57638P104<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | EC               | CORP              | US        |    253095 | NS      | $2806823.55   | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| American Assets Trust, Inc.                  | American Assets Trust, Inc.                                | CUSIP: 024013104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27180 | NS      | $530010.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Adamas Trust, Inc.                           | Adamas Trust, Inc.                                         | CUSIP: 649604840<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EC               | CORP              | US        |     90104 | NS      | $686592.48    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Safehold Inc.                                | Safehold Inc.                                              | CUSIP: 78646V107<br>LEI: QFFLKWYYS3UPWD86E794 | Long             | EC               | CORP              | US        |     26655 | NS      | $369704.85    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Core Laboratories Inc.                       | Core Laboratories Inc.                                     | CUSIP: 21867A105<br>LEI: 984500040P5J07V43135 | Long             | EC               | CORP              | US        |     46902 | NS      | $708220.20    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Semtech Corp.                                | Semtech Corp.                                              | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               | CORP              | US        |     18790 | NS      | $1393466.40   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Kodiak Gas Services, Inc.                    | Kodiak Gas Services, Inc.                                  | CUSIP: 50012A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44147 | NS      | $1553974.40   | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Fortrea Holdings Inc.                        | Fortrea Holdings Inc.                                      | CUSIP: 34965K107<br>LEI: 5493000FIVFABOVCDU97 | Long             | EC               | CORP              | US        |    312722 | NS      | $3974696.62   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BGC Group, Inc.                              | BGC Group, Inc., Class A                                   | CUSIP: 088929104<br>LEI: 2549001IGRCG4F0RLD36 | Long             | EC               | CORP              | US        |    300521 | NS      | $2614532.70   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| PHINIA Inc.                                  | PHINIA Inc.                                                | CUSIP: 71880K101<br>LEI: 254900HG6MORZE1FFM18 | Long             | EC               | CORP              | US        |     67214 | NS      | $3635605.26   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacira Biosciences, Inc.                     | Pacira Biosciences, Inc.                                   | CUSIP: 695127100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29869 | NS      | $704012.33    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Summit Hotel Properties, Inc.                | Summit Hotel Properties, Inc.                              | CUSIP: 866082100<br>LEI: 254900OBQWJK6X20LS71 | Long             | EC               | CORP              | US        |    145126 | NS      | $777875.36    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Walker & Dunlop, Inc.                        | Walker & Dunlop, Inc.                                      | CUSIP: 93148P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15162 | NS      | $980071.68    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Vestis Corp.                                 | Vestis Corp.                                               | CUSIP: 29430C102<br>LEI: 254900QDW0TA2TMFAP59 | Long             | EC               | CORP              | US        |    770854 | NS      | $4995133.92   | 0.32%             |  |  |  | No            |                  1 | On Loan: —       |
| ARMOUR Residential REIT, Inc.                | ARMOUR Residential REIT, Inc.                              | CUSIP: 042315705<br>LEI: 549300K0WA0EJUX74V72 | Long             | EC               | CORP              | US        |     29748 | NS      | $521184.96    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Energy Solutions Inc.                  | Atlas Energy Solutions Inc.                                | CUSIP: 642045108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    122606 | NS      | $1056863.72   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Air Lease Corp.                              | Air Lease Corp., Class A                                   | CUSIP: 00912X302<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EC               | CORP              | US        |     49169 | NS      | $3143374.17   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Atleos Corp.                             | NCR Atleos Corp.                                           | CUSIP: 63001N106<br>LEI: 9845005FC3S0VA714741 | Long             | EC               | CORP              | US        |    127403 | NS      | $4722829.21   | 0.30%             |  |  |  | No            |                  1 | On Loan: —       |
| World Kinect Corp.                           | World Kinect Corp.                                         | CUSIP: 981475106<br>LEI: D3W7PCXCBRQLL17DZ313 | Long             | EC               | CORP              | US        |   1757867 | NS      | $40747357.06  | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Worthington Steel, Inc.                      | Worthington Steel, Inc.                                    | CUSIP: 982104101<br>LEI: 2549009ZUUWL3QLK6G24 | Long             | EC               | CORP              | US        |    112164 | NS      | $3785535.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Utilities Corp.                   | Chesapeake Utilities Corp.                                 | CUSIP: 165303108<br>LEI: 254900WW0FDCKAOCKE74 | Long             | EC               | CORP              | US        |      7954 | NS      | $1106083.24   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| BankUnited, Inc.                             | BankUnited, Inc.                                           | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |     58122 | NS      | $2511451.62   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| STAAR Surgical Co.                           | STAAR Surgical Co.                                         | CUSIP: 852312305<br>LEI: 5299006LRHI7OJ8BY308 | Long             | EC               | CORP              | US        |      9033 | NS      | $239735.82    | 0.02%             |  |  |  | Yes           |                  1 | On Loan: —       |
| Banner Corp.                                 | Banner Corp.                                               | CUSIP: 06652V208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14457 | NS      | $908044.17    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Preferred Bank                               | Preferred Bank                                             | CUSIP: 740367404<br>LEI: 5493007K6HGI9G0ECX16 | Long             | EC               | CORP              | US        |      5883 | NS      | $555414.03    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| United Community Banks, Inc.                 | United Community Banks, Inc.                               | CUSIP: 90984P303<br>LEI: 549300GVW0FV66X3U703 | Long             | EC               | CORP              | US        |     51681 | NS      | $1579371.36   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Whitestone REIT                              | Whitestone REIT                                            | CUSIP: 966084204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13640 | NS      | $181275.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Wendy's Co. (The)                            | Wendy's Co. (The)                                          | CUSIP: 95058W100<br>LEI: 529900M0JIUCMWVKHG76 | Long             | EC               | CORP              | US        |    260285 | NS      | $2199408.25   | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| WisdomTree, Inc.                             | WisdomTree, Inc.                                           | CUSIP: 97717P104<br>LEI: 549300WIU8IS7UFO7871 | Long             | EC               | CORP              | US        |     36236 | NS      | $400045.44    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MarineMax, Inc.                              | MarineMax, Inc.                                            | CUSIP: 567908108<br>LEI: 254900TIXTN8WY3FNN63 | Long             | EC               | CORP              | US        |    104402 | NS      | $2440918.76   | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Chefs' Warehouse, Inc. (The)                 | Chefs' Warehouse, Inc. (The)                               | CUSIP: 163086101<br>LEI: 549300JYEDC8C547E980 | Long             | EC               | CORP              | US        |     71199 | NS      | $4365922.68   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| National Presto Industries, Inc.             | National Presto Industries, Inc.                           | CUSIP: 637215104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4646 | NS      | $436027.10    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| World Acceptance Corp.                       | World Acceptance Corp.                                     | CUSIP: 981419104<br>LEI: 529900M7JQUDCH7Q9153 | Long             | EC               | CORP              | US        |      3843 | NS      | $594358.38    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkermes PLC                                 | Alkermes PLC                                               | CUSIP: G01767105<br>LEI: 549300YHRMYLL071E243 | Long             | EC               | CORP              | IE        |     64075 | NS      | $1895338.50   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| SunCoke Energy, Inc.                         | SunCoke Energy, Inc.                                       | CUSIP: 86722A103<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | EC               | CORP              | US        |    277927 | NS      | $1812084.04   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Safety Insurance Group, Inc.                 | Safety Insurance Group, Inc.                               | CUSIP: 78648T100<br>LEI: 254900LDCFLA3J746840 | Long             | EC               | CORP              | US        |     18587 | NS      | $1412983.74   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CVR Energy, Inc.                             | CVR Energy, Inc.                                           | CUSIP: 12662P108<br>LEI: 529900SOYZIXZBTXB558 | Long             | EC               | CORP              | US        |    259777 | NS      | $8970099.81   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Healthcare Co., Inc.                  | Acadia Healthcare Co., Inc.                                | CUSIP: 00404A109<br>LEI: 5493005CW985Y9D0NC11 | Long             | EC               | CORP              | US        |    178483 | NS      | $3069907.60   | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| Azenta, Inc.                                 | Azenta, Inc.                                               | CUSIP: 114340102<br>LEI: 35ZN6X1ANPH25YN32Y17 | Long             | EC               | CORP              | US        |     23088 | NS      | $821009.28    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Waystar Holding Corp.                        | Waystar Holding Corp.                                      | CUSIP: 946784105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28044 | NS      | $1035104.04   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Six Flags Entertainment Corp.                | Six Flags Entertainment Corp.                              | CUSIP: 83001C108<br>LEI: 529900AS2CYWYFHRS781 | Long             | EC               | CORP              | US        |    169364 | NS      | $2570945.52   | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| Ziff Davis, Inc.                             | Ziff Davis, Inc.                                           | CUSIP: 48123V102<br>LEI: 5493008OJYGLHD7MXA18 | Long             | EC               | CORP              | US        |     45994 | NS      | $1509523.08   | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| SITE Centers Corp.                           | SITE Centers Corp.                                         | CUSIP: 82981J851<br>LEI: W2AVA6SODOQ1LCYJQR54 | Long             | EC               | CORP              | US        |     25187 | NS      | $185376.32    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Marten Transport, Ltd.                       | Marten Transport, Ltd.                                     | CUSIP: 573075108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     88922 | NS      | $911450.50    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanmi Financial Corp.                        | Hanmi Financial Corp.                                      | CUSIP: 410495204<br>LEI: 549300MSZ7RCG7EA6587 | Long             | EC               | CORP              | US        |     19314 | NS      | $533452.68    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Tripadvisor, Inc.                            | Tripadvisor, Inc.                                          | CUSIP: 896945201<br>LEI: 549300XVG45PT5BART17 | Long             | EC               | CORP              | US        |    122829 | NS      | $1826467.23   | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Concentra Group Holdings Parent, Inc.        | Concentra Group Holdings Parent, Inc.                      | CUSIP: 20603L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    106672 | NS      | $2193176.32   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MGP Ingredients, Inc.                        | MGP Ingredients, Inc.                                      | CUSIP: 55303J106<br>LEI: 2549006OMHFVZ4MS8538 | Long             | EC               | CORP              | US        |     24593 | NS      | $560966.33    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Innovex International, Inc.                  | Innovex International, Inc.                                | CUSIP: 457651107<br>LEI: 5299007REICYIJNMW197 | Long             | EC               | CORP              | US        |     60604 | NS      | $1334500.08   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| CONMED Corp.                                 | CONMED Corp.                                               | CUSIP: 207410101<br>LEI: Z6C0YCECH9DCU5ZIQW84 | Long             | EC               | CORP              | US        |     29291 | NS      | $1271815.22   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Amentum Holdings, Inc.                       | Amentum Holdings, Inc.                                     | CUSIP: 023939101<br>LEI: 2549009FJIBLW40CU216 | Long             | EC               | CORP              | US        |    615563 | NS      | $17623568.69  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Telephone and Data Systems, Inc.             | Telephone and Data Systems, Inc.                           | CUSIP: 879433829<br>LEI: 5299003YZW5BE2NNLO37 | Long             | EC               | CORP              | US        |    143608 | NS      | $5783094.16   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Curbline Properties Corp.                    | Curbline Properties Corp.                                  | CUSIP: 23128Q101<br>LEI: 529900PGR41LH0I81I15 | Long             | EC               | CORP              | US        |      7289 | NS      | $174498.66    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Everus Construction Group, Inc.              | Everus Construction Group, Inc.                            | CUSIP: 300426103<br>LEI: 2549006JMMHR0KILT425 | Long             | EC               | CORP              | US        |     48969 | NS      | $4503189.24   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| FormFactor, Inc.                             | FormFactor, Inc.                                           | CUSIP: 346375108<br>LEI: 549300YCEEO6SZD1ZR61 | Long             | EC               | CORP              | US        |     30159 | NS      | $1659348.18   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Cavco Industries, Inc.                       | Cavco Industries, Inc.                                     | CUSIP: 149568107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4495 | NS      | $2677446.75   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| United Fire Group, Inc.                      | United Fire Group, Inc.                                    | CUSIP: 910340108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     49695 | NS      | $1816352.25   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| OUTFRONT Media Inc.                          | OUTFRONT Media Inc.                                        | CUSIP: 69007J304<br>LEI: 549300RZWDYU5722I639 | Long             | EC               | CORP              | US        |    110572 | NS      | $2601759.16   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Natural Resources, Inc.                 | Core Natural Resources, Inc.                               | CUSIP: 218937100<br>LEI: 549300YJCTPJBTK7IJ81 | Long             | EC               | CORP              | US        |     52507 | NS      | $4200560.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Millrose Properties, Inc.                    | Millrose Properties, Inc.                                  | CUSIP: 601137102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    141946 | NS      | $4323675.16   | 0.28%             |  |  |  | No            |                  1 | On Loan: —       |
| Proto Labs, Inc.                             | Proto Labs, Inc.                                           | CUSIP: 743713109<br>LEI: 529900QHG5MGWT2WQQ09 | Long             | EC               | CORP              | US        |     11543 | NS      | $586615.26    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Yelp Inc.                                    | Yelp Inc.                                                  | CUSIP: 985817105<br>LEI: 5299007OU2DOSXPQBO35 | Long             | EC               | CORP              | US        |     54051 | NS      | $1562614.41   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy, Inc.                         | Enphase Energy, Inc.                                       | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |     46725 | NS      | $1348016.25   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Carter's, Inc.                               | Carter's, Inc.                                             | CUSIP: 146229109<br>LEI: 5299003WAQK4R3L3ZU36 | Long             | EC               | CORP              | US        |    115264 | NS      | $3678074.24   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Supernus Pharmaceuticals, Inc.               | Supernus Pharmaceuticals, Inc.                             | CUSIP: 868459108<br>LEI: 549300GRM36VBKISYJ58 | Long             | EC               | CORP              | US        |     16191 | NS      | $738147.69    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Interface, Inc.                              | Interface, Inc.                                            | CUSIP: 458665304<br>LEI: 549300VXZWQOIDFPU355 | Long             | EC               | CORP              | US        |     57357 | NS      | $1600833.87   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexander & Baldwin, Inc.                    | Alexander & Baldwin, Inc.                                  | CUSIP: 014491104<br>LEI: 254900TP8X40TRBKC281 | Long             | EC               | CORP              | US        |     13773 | NS      | $215271.99    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson, Inc.                                 | Matson, Inc.                                               | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |     39086 | NS      | $4259592.28   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Sarepta Therapeutics, Inc.                   | Sarepta Therapeutics, Inc.                                 | CUSIP: 803607100<br>LEI: 549300IKDPIED8J8IG21 | Long             | EC               | CORP              | US        |    167806 | NS      | $3580980.04   | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| Acushnet Holdings Corp.                      | Acushnet Holdings Corp.                                    | CUSIP: 005098108<br>LEI: 529900W5FI106H543E43 | Long             | EC               | CORP              | US        |     39015 | NS      | $3281161.50   | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Kennametal Inc.                              | Kennametal Inc.                                            | CUSIP: 489170100<br>LEI: 549300GZDSG25XUV0Y08 | Long             | EC               | CORP              | US        |    107629 | NS      | $2979170.72   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloomin' Brands, Inc.                        | Bloomin' Brands, Inc.                                      | CUSIP: 094235108<br>LEI: E1UJ2GO305B5FXGV7N04 | Long             | EC               | CORP              | US        |    682177 | NS      | $4843456.70   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| ProAssurance Corp.                           | ProAssurance Corp.                                         | CUSIP: 74267C106<br>LEI: 54930015E5J57R675E89 | Long             | EC               | CORP              | US        |     55364 | NS      | $1333165.12   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Angi Inc.                                    | Angi Inc.                                                  | CUSIP: 00183L201<br>LEI: 5493003ENY577E6SZL06 | Long             | EC               | CORP              | US        |     70560 | NS      | $805795.20    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Gentherm Inc.                                | Gentherm Inc.                                              | CUSIP: 37253A103<br>LEI: HKM6YX1U5JS60TCUB219 | Long             | EC               | CORP              | US        |     47063 | NS      | $1678737.21   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Easterly Government Properties, Inc.         | Easterly Government Properties, Inc.                       | CUSIP: 27616P301<br>LEI: 549300ERMCEFC6S8HL77 | Long             | EC               | CORP              | US        |     15110 | NS      | $329398.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Ryman Hospitality Properties, Inc.           | Ryman Hospitality Properties, Inc.                         | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |     28124 | NS      | $2683873.32   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Forward Air Corp.                            | Forward Air Corp.                                          | CUSIP: 34986A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     97756 | NS      | $2245455.32   | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Dave & Buster's Entertainment, Inc.          | Dave & Buster's Entertainment, Inc.                        | CUSIP: 238337109<br>LEI: 529900WTVU85QZLYHR86 | Long             | EC               | CORP              | US        |    110773 | NS      | $1937419.77   | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Ralliant Corp.                               | Ralliant Corp.                                             | CUSIP: 750940108<br>LEI: 52990024QKO4DYT8N464 | Long             | EC               | CORP              | US        |     38520 | NS      | $1901732.40   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Penguin Solutions, Inc.                      | Penguin Solutions, Inc.                                    | CUSIP: 706915105<br>LEI: 254900DVWIPOY3GJ8E23 | Long             | EC               | CORP              | US        |     61462 | NS      | $1243376.26   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Boot Barn Holdings, Inc.                     | Boot Barn Holdings, Inc.                                   | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |     12489 | NS      | $2420617.98   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Uniti Group Inc.                             | Uniti Group Inc.                                           | CUSIP: 912932100<br>LEI: 549300V3NU625PJUVA84 | Long             | EC               | CORP              | US        |    201457 | NS      | $1283281.09   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Beacon Financial Corp.                       | Beacon Financial Corp.                                     | CUSIP: 084680107<br>LEI: 549300AS2OC6UMMBNO37 | Long             | EC               | CORP              | US        |     29684 | NS      | $759613.56    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanmina Corp.                                | Sanmina Corp.                                              | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |     75817 | NS      | $11839961.81  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank Holdings Corp.                 | National Bank Holdings Corp., Class A                      | CUSIP: 633707104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17310 | NS      | $644105.10    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Shutterstock, Inc.                           | Shutterstock, Inc.                                         | CUSIP: 825690100<br>LEI: 529900G2TDIS56V0LO22 | Long             | EC               | CORP              | US        |     58638 | NS      | $1220843.16   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Guess?, Inc.                                 | Guess?, Inc.                                               | CUSIP: 401617105<br>LEI: 549300QVH3ZK2DW0KP86 | Long             | EC               | CORP              | US        |    215306 | NS      | $3673120.36   | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| NeoGenomics, Inc.                            | NeoGenomics, Inc.                                          | CUSIP: 64049M209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    107682 | NS      | $1302952.20   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| LXP Industrial Trust                         | LXP Industrial Trust                                       | CUSIP: 529043408<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               | CORP              | US        |      8969 | NS      | $434996.50    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cushman & Wakefield Ltd.                     | Cushman & Wakefield Ltd.                                   | CUSIP: G2717C106<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    704183 | NS      | $11795065.25  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Emmett, Inc.                         | Douglas Emmett, Inc.                                       | CUSIP: 25960P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     68529 | NS      | $835368.51    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Tri Pointe Homes, Inc.                       | Tri Pointe Homes, Inc.                                     | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    133575 | NS      | $4557579.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Asbury Automotive Group, Inc.                | Asbury Automotive Group, Inc.                              | CUSIP: 043436104<br>LEI: 549300JH4DTA7U42GL91 | Long             | EC               | CORP              | US        |     80566 | NS      | $18737234.62  | 1.21%             |  |  |  | No            |                  1 | On Loan: —       |
| CSG Systems International, Inc.              | CSG Systems International, Inc.                            | CUSIP: 126349109<br>LEI: 549300D7FJZUOHHXUA81 | Long             | EC               | CORP              | US        |     21705 | NS      | $1709702.85   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise Cascade Co.                            | Boise Cascade Co.                                          | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |     88253 | NS      | $6728408.72   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Artisan Partners Asset Management Inc.       | Artisan Partners Asset Management Inc., Class A            | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |     30953 | NS      | $1283930.44   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoe Carnival, Inc.                          | Shoe Carnival, Inc.                                        | CUSIP: 824889109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     54423 | NS      | $899067.96    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| OFG Bancorp                                  | OFG Bancorp                                                | CUSIP: 67103X102<br>LEI: 549300Q4QEXJ37LEXQ06 | Long             | EC               | CORP              | PR        |     22398 | NS      | $889872.54    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Hecla Mining Co.                             | Hecla Mining Co.                                           | CUSIP: 422704106<br>LEI: 5493009Y6HOBZD1QD537 | Long             | EC               | CORP              | US        |    109655 | NS      | $1844397.10   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Newell Brands Inc.                           | Newell Brands Inc.                                         | CUSIP: 651229106<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | EC               | CORP              | US        |   1411126 | NS      | $5150609.90   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Voyix Corp.                              | NCR Voyix Corp.                                            | CUSIP: 62886E108<br>LEI: 549300YKTY8JX1DV2R67 | Long             | EC               | CORP              | US        |    245223 | NS      | $2479204.53   | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Blackstone Mortgage Trust, Inc.              | Blackstone Mortgage Trust, Inc., Class A                   | CUSIP: 09257W100<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | EC               | CORP              | US        |     92807 | NS      | $1806952.29   | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Macerich Co. (The)                           | Macerich Co. (The)                                         | CUSIP: 554382101<br>LEI: 529900PSWCB5KI0JYU46 | Long             | EC               | CORP              | US        |     58028 | NS      | $1007366.08   | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Sealed Air Corp.                             | Sealed Air Corp.                                           | CUSIP: 81211K100<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | EC               | CORP              | US        |    187616 | NS      | $8058107.20   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERTEC, Inc.                                | EVERTEC, Inc.                                              | CUSIP: 30040P103<br>LEI: N/A                  | Long             | EC               | CORP              | PR        |     29817 | NS      | $861711.30    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parks & Resorts Inc.                  | United Parks & Resorts Inc.                                | CUSIP: 81282V100<br>LEI: 529900G0H4NV3IIK3269 | Long             | EC               | CORP              | US        |     39563 | NS      | $1427828.67   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Customers Bancorp, Inc.                      | Customers Bancorp, Inc.                                    | CUSIP: 23204G100<br>LEI: 549300WLBCHYKZ53FN68 | Long             | EC               | CORP              | US        |     23062 | NS      | $1588971.80   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanesbrands Inc.                             | Hanesbrands Inc.                                           | CUSIP: 410345102<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | EC               | CORP              | US        |    663093 | NS      | $4290211.71   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| TG Therapeutics, Inc.                        | TG Therapeutics, Inc.                                      | CUSIP: 88322Q108<br>LEI: 529900X21UKABN9NJ529 | Long             | EC               | CORP              | US        |     15921 | NS      | $529532.46    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| HA Sustainable Infrastructure Capital, Inc.  | HA Sustainable Infrastructure Capital, Inc.                | CUSIP: 41068X100<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | EC               | CORP              | US        |     14666 | NS      | $503923.76    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Brandywine Realty Trust                      | Brandywine Realty Trust                                    | CUSIP: 105368203<br>LEI: 5UZ46ZCYUFYYAC0DS831 | Long             | EC               | CORP              | US        |    126262 | NS      | $433078.66    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| HCI Group, Inc.                              | HCI Group, Inc.                                            | CUSIP: 40416E103<br>LEI: 549300CZF7EZJH0MPH74 | Long             | EC               | CORP              | US        |      5025 | NS      | $893193.75    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Gogo Inc.                                    | Gogo Inc.                                                  | CUSIP: 38046C109<br>LEI: 549300VL3DIHSFHYTO04 | Long             | EC               | CORP              | US        |     76214 | NS      | $544930.10    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Armada Hoffler Properties, Inc.              | Armada Hoffler Properties, Inc.                            | CUSIP: 04208T108<br>LEI: 549300WQRSIV6XZT9313 | Long             | EC               | CORP              | US        |     84762 | NS      | $556886.34    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Leggett & Platt, Inc.                        | Leggett & Platt, Inc.                                      | CUSIP: 524660107<br>LEI: DKOVQUCDW4ZLYCUD4T55 | Long             | EC               | CORP              | US        |    491830 | NS      | $5046175.80   | 0.32%             |  |  |  | No            |                  1 | On Loan: —       |
| Banc of California, Inc.                     | Banc of California, Inc.                                   | CUSIP: 05990K106<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EC               | CORP              | US        |    121584 | NS      | $2242008.96   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ANI Pharmaceuticals, Inc.                    | ANI Pharmaceuticals, Inc.                                  | CUSIP: 00182C103<br>LEI: 5493000T6CXTND40YH31 | Long             | EC               | CORP              | US        |      8580 | NS      | $728013.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Fresh Del Monte Produce Inc.                 | Fresh Del Monte Produce Inc.                               | CUSIP: G36738105<br>LEI: 529900I72V9F0FEZR228 | Long             | EC               | CORP              | KY        |    141084 | NS      | $5098775.76   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Factory Holding Corp.                    | Fox Factory Holding Corp.                                  | CUSIP: 35138V102<br>LEI: 529900GE1HSV0617R721 | Long             | EC               | CORP              | US        |     57911 | NS      | $856503.69    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegiant Travel Co.                         | Allegiant Travel Co.                                       | CUSIP: 01748X102<br>LEI: 549300JM9OZXOHWL2K18 | Long             | EC               | CORP              | US        |     47362 | NS      | $3599512.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| Buckle, Inc. (The)                           | Buckle, Inc. (The)                                         | CUSIP: 118440106<br>LEI: 5299007IU0461T3GDL34 | Long             | EC               | CORP              | US        |     24433 | NS      | $1379975.84   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| ScanSource, Inc.                             | ScanSource, Inc.                                           | CUSIP: 806037107<br>LEI: 7FHBAN017QDY4K2KP156 | Long             | EC               | CORP              | US        |     81641 | NS      | $3357077.92   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| MarketAxess Holdings Inc.                    | MarketAxess Holdings Inc.                                  | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |      5166 | NS      | $846655.74    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Progress Software Corp.                      | Progress Software Corp.                                    | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Long             | EC               | CORP              | US        |     23078 | NS      | $955659.98    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Rush Enterprises, Inc.                       | Rush Enterprises, Inc., Class A                            | CUSIP: 781846209<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               | CORP              | US        |    156549 | NS      | $8149940.94   | 0.52%             |  |  |  | No            |                  1 | On Loan: —       |
| Helix Energy Solutions Group, Inc.           | Helix Energy Solutions Group, Inc.                         | CUSIP: 42330P107<br>LEI: 416AP2JOUTCWEGSOZW41 | Long             | EC               | CORP              | US        |    230899 | NS      | $1537787.34   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Liquidity Services, Inc.                     | Liquidity Services, Inc.                                   | CUSIP: 53635B107<br>LEI: 5299002AZ4ULSAXN0G81 | Long             | EC               | CORP              | US        |     19201 | NS      | $576798.04    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| SkyWest, Inc.                                | SkyWest, Inc.                                              | CUSIP: 830879102<br>LEI: 529900UYS2KGS6Z42P09 | Long             | EC               | CORP              | US        |     41253 | NS      | $4188004.56   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Celanese Corp.                               | Celanese Corp.                                             | CUSIP: 150870103<br>LEI: 549300FHJQTDPPN41627 | Long             | EC               | CORP              | US        |    259097 | NS      | $10791390.05  | 0.69%             |  |  |  | No            |                  1 | On Loan: —       |
| Standex International Corp.                  | Standex International Corp.                                | CUSIP: 854231107<br>LEI: RCX52GR0JW2LRRMH9Z54 | Long             | EC               | CORP              | US        |      4448 | NS      | $1090471.68   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Helmerich & Payne, Inc.                      | Helmerich & Payne, Inc.                                    | CUSIP: 423452101<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | EC               | CORP              | US        |    190039 | NS      | $5302088.10   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems, Inc.                        | Mercury Systems, Inc.                                      | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |     14345 | NS      | $1002572.05   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Veracyte, Inc.                               | Veracyte, Inc.                                             | CUSIP: 92337F107<br>LEI: 529900ESWZRHXOW27Z37 | Long             | EC               | CORP              | US        |     17411 | NS      | $824236.74    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Oxford Industries, Inc.                      | Oxford Industries, Inc.                                    | CUSIP: 691497309<br>LEI: IDZ20O0XD3GS4UOI2L88 | Long             | EC               | CORP              | US        |     43381 | NS      | $1655418.96   | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| SM Energy Co.                                | SM Energy Co.                                              | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |    131049 | NS      | $2496483.45   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Insight Enterprises, Inc.                    | Insight Enterprises, Inc.                                  | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Long             | EC               | CORP              | US        |     76855 | NS      | $6653337.35   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Kulicke and Soffa Industries, Inc.           | Kulicke and Soffa Industries, Inc.                         | CUSIP: 501242101<br>LEI: 529900H6BEIRBF429744 | Long             | EC               | CORP              | US        |     19492 | NS      | $879284.12    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Diodes Inc.                                  | Diodes Inc.                                                | CUSIP: 254543101<br>LEI: 549300XP2X1ARVH3BX23 | Long             | EC               | CORP              | US        |     30842 | NS      | $1425208.82   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| NMI Holdings, Inc.                           | NMI Holdings, Inc., Class A                                | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | EC               | CORP              | US        |     19285 | NS      | $735722.75    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Aluminum Co.                         | Century Aluminum Co.                                       | CUSIP: 156431108<br>LEI: 549300U5ODNGEYWKSW73 | Long             | EC               | CORP              | US        |    126268 | NS      | $3784251.96   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| LGI Homes, Inc.                              | LGI Homes, Inc.                                            | CUSIP: 50187T106<br>LEI: 549300W02B4WNV8CV109 | Long             | EC               | CORP              | US        |     38812 | NS      | $2019000.24   | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| Omnicell, Inc.                               | Omnicell, Inc.                                             | CUSIP: 68213N109<br>LEI: 5493008RH0GTKHHPZI77 | Long             | EC               | CORP              | US        |     40940 | NS      | $1494719.40   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillenbrand, Inc.                            | Hillenbrand, Inc.                                          | CUSIP: 431571108<br>LEI: U246OE781574J2BUD366 | Long             | EC               | CORP              | US        |    134000 | NS      | $4266560.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| City Holding Co.                             | City Holding Co.                                           | CUSIP: 177835105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3448 | NS      | $418276.88    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Southside Bancshares, Inc.                   | Southside Bancshares, Inc.                                 | CUSIP: 84470P109<br>LEI: 549300TC83207VQA2K65 | Long             | EC               | CORP              | US        |     16464 | NS      | $482889.12    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Physical Therapy, Inc.                  | U.S. Physical Therapy, Inc.                                | CUSIP: 90337L108<br>LEI: 529900KL1UXQYFIOMY96 | Long             | EC               | CORP              | US        |     10148 | NS      | $749429.80    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Westamerica Bancorporation                   | Westamerica Bancorporation                                 | CUSIP: 957090103<br>LEI: 984500CF4F8115C11D96 | Long             | EC               | CORP              | US        |      6617 | NS      | $317483.66    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Matthews International Corp.                 | Matthews International Corp., Class A                      | CUSIP: 577128101<br>LEI: 549300ZVC5O0ATML6U61 | Long             | EC               | CORP              | US        |     76628 | NS      | $1880451.12   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Plexus Corp.                                 | Plexus Corp.                                               | CUSIP: 729132100<br>LEI: 549300W7HCBI5YT25I79 | Long             | EC               | CORP              | US        |     33887 | NS      | $4844146.65   | 0.31%             |  |  |  | No            |                  1 | On Loan: —       |
| Xencor, Inc.                                 | Xencor, Inc.                                               | CUSIP: 98401F105<br>LEI: 549300V5IF65437JKG30 | Long             | EC               | CORP              | US        |     19634 | NS      | $340060.88    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| HNI Corp.                                    | HNI Corp.                                                  | CUSIP: 404251100<br>LEI: 549300SKRADLC4O5HV93 | Long             | EC               | CORP              | US        |     65777 | NS      | $2731061.04   | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| Sonic Automotive, Inc.                       | Sonic Automotive, Inc., Class A                            | CUSIP: 83545G102<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | EC               | CORP              | US        |    208995 | NS      | $13172954.85  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| DiamondRock Hospitality Co.                  | DiamondRock Hospitality Co.                                | CUSIP: 252784301<br>LEI: 529900KKD4BPVBUAQ734 | Long             | EC               | CORP              | US        |    156365 | NS      | $1424485.15   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawkins, Inc.                                | Hawkins, Inc.                                              | CUSIP: 420261109<br>LEI: 549300VL3IJ23OWX1Y34 | Long             | EC               | CORP              | US        |      6681 | NS      | $868663.62    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Seacoast Banking Corp. of Florida            | Seacoast Banking Corp. of Florida                          | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |     30367 | NS      | $958382.52    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Medical Properties Trust, Inc.               | Medical Properties Trust, Inc.                             | CUSIP: 58463J304<br>LEI: 254900U6E39J1MQCCY14 | Long             | EC               | CORP              | US        |    233542 | NS      | $1345201.92   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Marcus & Millichap, Inc.                     | Marcus & Millichap, Inc.                                   | CUSIP: 566324109<br>LEI: 549300B2HE8ULXNB1N48 | Long             | EC               | CORP              | US        |     25344 | NS      | $742579.20    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| BorgWarner Inc.                              | BorgWarner Inc.                                            | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |    375360 | NS      | $16163001.60  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Par Pacific Holdings, Inc.                   | Par Pacific Holdings, Inc.                                 | CUSIP: 69888T207<br>LEI: 549300BTNS7MHSHRLR55 | Long             | EC               | CORP              | US        |    263908 | NS      | $12047400.20  | 0.78%             |  |  |  | No            |                  1 | On Loan: —       |
| Quanex Building Products Corp.               | Quanex Building Products Corp.                             | CUSIP: 747619104<br>LEI: 5493000TL30VL5WOAW87 | Long             | EC               | CORP              | US        |    137355 | NS      | $1780120.80   | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Veris Residential, Inc.                      | Veris Residential, Inc.                                    | CUSIP: 554489104<br>LEI: 254900KTVBRYJCQU2J23 | Long             | EC               | CORP              | US        |     19568 | NS      | $294694.08    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Knowles Corp.                                | Knowles Corp.                                              | CUSIP: 49926D109<br>LEI: 5493003EO323TDZQU148 | Long             | EC               | CORP              | US        |     29209 | NS      | $656618.32    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Installed Building Products, Inc.            | Installed Building Products, Inc.                          | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |     12939 | NS      | $3467910.78   | 0.22%             |  |  |  | No            |                  1 | On Loan: —       |
| A10 Networks, Inc.                           | A10 Networks, Inc.                                         | CUSIP: 002121101<br>LEI: 549300UQD4IWUML81Q35 | Long             | EC               | CORP              | US        |     17647 | NS      | $303881.34    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Q2 Holdings, Inc.                            | Q2 Holdings, Inc.                                          | CUSIP: 74736L109<br>LEI: 549300M9RKR9DZXWS696 | Long             | EC               | CORP              | US        |     10198 | NS      | $735581.74    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BioLife Solutions, Inc.                      | BioLife Solutions, Inc.                                    | CUSIP: 09062W204<br>LEI: 549300G2IVCMC2TJDW72 | Long             | EC               | CORP              | US        |      4374 | NS      | $115911.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Phibro Animal Health Corp.                   | Phibro Animal Health Corp., Class A                        | CUSIP: 71742Q106<br>LEI: 549300U24SP4AF2JUX52 | Long             | EC               | CORP              | US        |     35718 | NS      | $1495869.84   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabre Corp.                                  | Sabre Corp.                                                | CUSIP: 78573M104<br>LEI: 529900VKCYZW8GZ4WW58 | Long             | EC               | CORP              | US        |   1991613 | NS      | $3206496.93   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Navient Corp.                                | Navient Corp.                                              | CUSIP: 63938C108<br>LEI: 54930067J0ZNOEBRW338 | Long             | EC               | CORP              | US        |    323199 | NS      | $4007667.60   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcBest Corp.                                | ArcBest Corp.                                              | CUSIP: 03937C105<br>LEI: 5493006S3KBNE8ZS3J23 | Long             | EC               | CORP              | US        |     66598 | NS      | $4273593.66   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Dorian LPG Ltd.                              | Dorian LPG Ltd.                                            | CUSIP: Y2106R110<br>LEI: 549300WP1W2WGMC7F395 | Long             | EC               | CORP              | MH        |     11359 | NS      | $281476.02    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Pursuit Attractions and Hospitality, Inc.    | Pursuit Attractions and Hospitality, Inc.                  | CUSIP: 92552R406<br>LEI: 549300PXU4ZW7LPO5Y40 | Long             | EC               | CORP              | US        |     20289 | NS      | $696521.37    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Granite Construction Inc.                    | Granite Construction Inc.                                  | CUSIP: 387328107<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | EC               | CORP              | US        |     43622 | NS      | $4690673.66   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Trustmark Corp.                              | Trustmark Corp.                                            | CUSIP: 898402102<br>LEI: 5493000HPQ4D2RZ79739 | Long             | EC               | CORP              | US        |     32464 | NS      | $1262849.60   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| EZCORP, Inc.                                 | EZCORP, Inc., Class A                                      | CUSIP: 302301106<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | EC               | CORP              | US        |     83262 | NS      | $1605291.36   | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Ameris Bancorp                               | Ameris Bancorp                                             | CUSIP: 03076K108<br>LEI: PBJHNT51T5V6G5UQFV42 | Long             | EC               | CORP              | US        |     25046 | NS      | $1897484.96   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Innospec Inc.                                | Innospec Inc.                                              | CUSIP: 45768S105<br>LEI: 213800SQBACNY5IWJO68 | Long             | EC               | CORP              | US        |     24795 | NS      | $1853674.20   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Prestige Consumer Healthcare Inc.            | Prestige Consumer Healthcare Inc.                          | CUSIP: 74112D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20211 | NS      | $1203565.05   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ServisFirst Bancshares, Inc.                 | ServisFirst Bancshares, Inc.                               | CUSIP: 81768T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13448 | NS      | $956556.24    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cracker Barrel Old Country Store, Inc.       | Cracker Barrel Old Country Store, Inc.                     | CUSIP: 22410J106<br>LEI: 8P4PHQIUWPIECBFBW745 | Long             | EC               | CORP              | US        |     82793 | NS      | $2391889.77   | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| LTC Properties, Inc.                         | LTC Properties, Inc.                                       | CUSIP: 502175102<br>LEI: 549300NRZP8IJG2KY677 | Long             | EC               | CORP              | US        |      6689 | NS      | $244081.61    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Realty Trust                          | Acadia Realty Trust                                        | CUSIP: 004239109<br>LEI: 254900C5XLB1YYJQSH07 | Long             | EC               | CORP              | US        |     22215 | NS      | $456962.55    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Saul Centers, Inc.                           | Saul Centers, Inc.                                         | CUSIP: 804395101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9741 | NS      | $302945.10    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Elme Communities                             | Elme Communities                                           | CUSIP: 939653101<br>LEI: 549300DI34BGS8LVKW95 | Long             | EC               | CORP              | US        |     16053 | NS      | $278680.08    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| DNOW Inc.                                    | DNOW Inc.                                                  | CUSIP: 67011P100<br>LEI: 549300AVH5SOCFVVDW91 | Long             | EC               | CORP              | US        |    180072 | NS      | $2513805.12   | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Highwoods Properties, Inc.                   | Highwoods Properties, Inc.                                 | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               | CORP              | US        |     28786 | NS      | $800250.80    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive, Inc.                     | Group 1 Automotive, Inc.                                   | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |     53874 | NS      | $21605628.96  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CareTrust REIT, Inc.                         | CareTrust REIT, Inc.                                       | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |     12292 | NS      | $461318.76    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| WSFS Financial Corp.                         | WSFS Financial Corp.                                       | CUSIP: 929328102<br>LEI: 549300SU7VQHD6QRG886 | Long             | EC               | CORP              | US        |     27752 | NS      | $1548839.12   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolverine World Wide, Inc.                   | Wolverine World Wide, Inc.                                 | CUSIP: 978097103<br>LEI: 549300OVC7PK14LQ8D87 | Long             | EC               | CORP              | US        |     69325 | NS      | $1123758.25   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TTM Technologies, Inc.                       | TTM Technologies, Inc.                                     | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |     62301 | NS      | $4372284.18   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Monarch Casino & Resort, Inc.                | Monarch Casino & Resort, Inc.                              | CUSIP: 609027107<br>LEI: 549300AK5FF7KY11V997 | Long             | EC               | CORP              | US        |      5803 | NS      | $560453.74    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindsay Corp.                                | Lindsay Corp.                                              | CUSIP: 535555106<br>LEI: 549300ZFO0QG5H8TPI61 | Long             | EC               | CORP              | US        |      5499 | NS      | $632000.07    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Moelis & Co.                                 | Moelis & Co., Class A                                      | CUSIP: 60786M105<br>LEI: 549300891QNU7VTQUR83 | Long             | EC               | CORP              | US        |     21433 | NS      | $1375355.61   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Winnebago Industries, Inc.                   | Winnebago Industries, Inc.                                 | CUSIP: 974637100<br>LEI: 549300B7OYKYJLTE3G11 | Long             | EC               | CORP              | US        |     92276 | NS      | $3339468.44   | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| American Woodmark Corp.                      | American Woodmark Corp.                                    | CUSIP: 030506109<br>LEI: 5299007PFSDWMA74RB56 | Long             | EC               | CORP              | US        |     29415 | NS      | $1621648.95   | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| AMN Healthcare Services, Inc.                | AMN Healthcare Services, Inc.                              | CUSIP: 001744101<br>LEI: 529900W3ARRTCNFH2I39 | Long             | EC               | CORP              | US        |    163728 | NS      | $2726071.20   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Ligand Pharmaceuticals Inc.                  | Ligand Pharmaceuticals Inc.                                | CUSIP: 53220K504<br>LEI: 5493008K7TB0IKP37H79 | Long             | EC               | CORP              | US        |      1317 | NS      | $267588.06    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bancorp.                     | First Financial Bancorp.                                   | CUSIP: 320209109<br>LEI: 549300D3F5B3EZMY7P77 | Long             | EC               | CORP              | US        |     54797 | NS      | $1363349.36   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| JetBlue Airways Corp.                        | JetBlue Airways Corp.                                      | CUSIP: 477143101<br>LEI: 54930070J9H97ZO93T57 | Long             | EC               | CORP              | US        |   2075418 | NS      | $9484660.26   | 0.61%             |  |  |  | No            |                  1 | On Loan: —       |
| S&T Bancorp, Inc.                            | S&T Bancorp, Inc.                                          | CUSIP: 783859101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16095 | NS      | $635430.60    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Lakeland Financial Corp.                     | Lakeland Financial Corp.                                   | CUSIP: 511656100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7149 | NS      | $416500.74    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Shenandoah Telecommunications Co.            | Shenandoah Telecommunications Co.                          | CUSIP: 82312B106<br>LEI: 549300XH3H4OUKFPHS84 | Long             | EC               | CORP              | US        |     29420 | NS      | $321560.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| EnPro Inc.                                   | EnPro Inc.                                                 | CUSIP: 29355X107<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | EC               | CORP              | US        |      5663 | NS      | $1261999.55   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Independent Bank Corp.                       | Independent Bank Corp.                                     | CUSIP: 453836108<br>LEI: 549300C5K3W8THR3GE10 | Long             | EC               | CORP              | US        |     16763 | NS      | $1207774.15   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| BancFirst Corp.                              | BancFirst Corp.                                            | CUSIP: 05945F103<br>LEI: 549300EJEHGBP4IO2J30 | Long             | EC               | CORP              | US        |      7798 | NS      | $864330.32    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Simmons First National Corp.                 | Simmons First National Corp., Class A                      | CUSIP: 828730200<br>LEI: 549300IVR5AJKUVOGN05 | Long             | EC               | CORP              | US        |     79164 | NS      | $1468492.20   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Standard Motor Products, Inc.                | Standard Motor Products, Inc.                              | CUSIP: 853666105<br>LEI: THGK1EO5B5HK0JHQVZ90 | Long             | EC               | CORP              | US        |     47842 | NS      | $1795988.68   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Piper Sandler Cos.                           | Piper Sandler Cos.                                         | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |      5445 | NS      | $1828975.50   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| GEO Group, Inc. (The)                        | GEO Group, Inc. (The)                                      | CUSIP: 36162J106<br>LEI: 54930024XOXET7NQVZ63 | Long             | EC               | CORP              | US        |    131919 | NS      | $2079043.44   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Metallus Inc.                                | Metallus Inc.                                              | CUSIP: 887399103<br>LEI: 549300QZTZWHDE9HJL14 | Long             | EC               | CORP              | US        |     74263 | NS      | $1255787.33   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Central Garden & Pet Co.                     | Central Garden & Pet Co., Class A                          | CUSIP: 153527205<br>LEI: 5493004DVZLD37DJ0H83 | Long             | EC               | CORP              | US        |     53825 | NS      | $1665345.50   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Communities, Inc.                    | Century Communities, Inc.                                  | CUSIP: 156504300<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | EC               | CORP              | US        |     72997 | NS      | $4765974.13   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Auto Parts, Inc.                     | Advance Auto Parts, Inc.                                   | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |    170711 | NS      | $8856486.68   | 0.57%             |  |  |  | No            |                  1 | On Loan: —       |
| Amphastar Pharmaceuticals, Inc.              | Amphastar Pharmaceuticals, Inc.                            | CUSIP: 03209R103<br>LEI: 54930055TH0ZLSAQMJ38 | Long             | EC               | CORP              | US        |     28602 | NS      | $792275.40    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Trupanion, Inc.                              | Trupanion, Inc.                                            | CUSIP: 898202106<br>LEI: 549300J86GFKIDGMQP18 | Long             | EC               | CORP              | US        |     36854 | NS      | $1300577.66   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Kaiser Aluminum Corp.                        | Kaiser Aluminum Corp.                                      | CUSIP: 483007704<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47822 | NS      | $4593303.10   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Sturm, Ruger & Co., Inc.                     | Sturm, Ruger & Co., Inc.                                   | CUSIP: 864159108<br>LEI: 529900DV1BWFJSHFO847 | Long             | EC               | CORP              | US        |     16516 | NS      | $497461.92    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| First Commonwealth Financial Corp.           | First Commonwealth Financial Corp.                         | CUSIP: 319829107<br>LEI: 549300ZHLQ42NXDETL24 | Long             | EC               | CORP              | US        |     45395 | NS      | $737668.75    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Financial System, Inc.             | Community Financial System, Inc.                           | CUSIP: 203607106<br>LEI: 5299008N6YHE6GCP1E80 | Long             | EC               | CORP              | US        |     19408 | NS      | $1101598.08   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Heartland Express, Inc.                      | Heartland Express, Inc.                                    | CUSIP: 422347104<br>LEI: 5299005V45FZIQGLOG39 | Long             | EC               | CORP              | US        |    123704 | NS      | $972313.44    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Green Brick Partners, Inc.                   | Green Brick Partners, Inc.                                 | CUSIP: 392709101<br>LEI: 549300R7SCIV7FQI6T56 | Long             | EC               | CORP              | US        |     34094 | NS      | $2314300.72   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Freshpet, Inc.                               | Freshpet, Inc.                                             | CUSIP: 358039105<br>LEI: 549300S4ZK8ZQ6HNPN59 | Long             | EC               | CORP              | US        |     22835 | NS      | $1305248.60   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Cohen & Steers, Inc.                         | Cohen & Steers, Inc.                                       | CUSIP: 19247A100<br>LEI: 549300XXIA338A0X2K65 | Long             | EC               | CORP              | US        |      8502 | NS      | $537751.50    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PRA Group, Inc.                              | PRA Group, Inc.                                            | CUSIP: 69354N106<br>LEI: 549300Q5HW3JSSB86K27 | Long             | EC               | CORP              | US        |     82977 | NS      | $1344227.40   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynavax Technologies Corp.                   | Dynavax Technologies Corp.                                 | CUSIP: 268158201<br>LEI: 549300T5URIXWDILX594 | Long             | EC               | CORP              | US        |     36365 | NS      | $413470.05    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| ADMA Biologics, Inc.                         | ADMA Biologics, Inc.                                       | CUSIP: 000899104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33510 | NS      | $642721.80    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Enova International, Inc.                    | Enova International, Inc.                                  | CUSIP: 29357K103<br>LEI: 549300O8XOCQSB49UO63 | Long             | EC               | CORP              | US        |     29450 | NS      | $3860600.50   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Vericel Corp.                                | Vericel Corp.                                              | CUSIP: 92346J108<br>LEI: 54930076YM3PLTDR4B91 | Long             | EC               | CORP              | US        |      8849 | NS      | $356172.25    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Triumph Financial, Inc.                      | Triumph Financial, Inc.                                    | CUSIP: 89679E300<br>LEI: 5493003RNRMEVYDZ1Q52 | Long             | EC               | CORP              | US        |      9210 | NS      | $502958.10    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Qorvo, Inc.                                  | Qorvo, Inc.                                                | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |     47542 | NS      | $4083382.38   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Edge Properties                        | Urban Edge Properties                                      | CUSIP: 91704F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24432 | NS      | $469583.04    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Cogent Communications Holdings, Inc.         | Cogent Communications Holdings, Inc.                       | CUSIP: 19239V302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31937 | NS      | $609357.96    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Universal Corp.                              | Universal Corp.                                            | CUSIP: 913456109<br>LEI: 549300BZXZ66F6DTIF20 | Long             | EC               | CORP              | US        |     61853 | NS      | $3263364.28   | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Acadia Pharmaceuticals Inc.                  | Acadia Pharmaceuticals Inc.                                | CUSIP: 004225108<br>LEI: 529900O3044NO0PEA039 | Long             | EC               | CORP              | US        |     50169 | NS      | $1256231.76   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Moog Inc.                                    | Moog Inc., Class A                                         | CUSIP: 615394202<br>LEI: 549300WM2I4U7OBAHG07 | Long             | EC               | CORP              | US        |     21908 | NS      | $5031829.44   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| J & J Snack Foods Corp.                      | J & J Snack Foods Corp.                                    | CUSIP: 466032109<br>LEI: 894500IGP1Y2ZQFQMJ83 | Long             | EC               | CORP              | US        |     17411 | NS      | $1607905.85   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Box, Inc.                                    | Box, Inc., Class A                                         | CUSIP: 10316T104<br>LEI: 549300KQUCPD8687YS68 | Long             | EC               | CORP              | US        |     40377 | NS      | $1192736.58   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Shake Shack Inc.                             | Shake Shack Inc., Class A                                  | CUSIP: 819047101<br>LEI: 529900J74GJAHYP80N79 | Long             | EC               | CORP              | US        |     15399 | NS      | $1347104.52   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Benchmark Electronics, Inc.                  | Benchmark Electronics, Inc.                                | CUSIP: 08160H101<br>LEI: 549300W18RHYZOZKOP53 | Long             | EC               | CORP              | US        |     75393 | NS      | $3387407.49   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamo Group Inc.                             | Alamo Group Inc.                                           | CUSIP: 011311107<br>LEI: 54930080C93RVZRSDV26 | Long             | EC               | CORP              | US        |      8963 | NS      | $1437396.31   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Balchem Corp.                                | Balchem Corp.                                              | CUSIP: 057665200<br>LEI: 549300VR70OPMHUI3557 | Long             | EC               | CORP              | US        |      7157 | NS      | $1117994.97   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Bancorp, Inc. (The)                          | Bancorp, Inc. (The)                                        | CUSIP: 05969A105<br>LEI: 894500FP2ICT1B019Y71 | Long             | EC               | CORP              | US        |     12028 | NS      | $770633.96    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal-Maine Foods, Inc.                        | Cal-Maine Foods, Inc.                                      | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |     45336 | NS      | $3777395.52   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| John Wiley & Sons, Inc.                      | John Wiley & Sons, Inc., Class A                           | CUSIP: 968223206<br>LEI: 5493003XM719UN7E8P64 | Long             | EC               | CORP              | US        |     47516 | NS      | $1727681.76   | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Catalyst Pharmaceuticals, Inc.               | Catalyst Pharmaceuticals, Inc.                             | CUSIP: 14888U101<br>LEI: 5299004O0R5XXLA5H544 | Long             | EC               | CORP              | US        |     31560 | NS      | $738819.60    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| CEVA, Inc.                                   | CEVA, Inc.                                                 | CUSIP: 157210105<br>LEI: 529900G9T7CVU2J2VU73 | Long             | EC               | CORP              | US        |      5112 | NS      | $110368.08    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Corcept Therapeutics Inc.                    | Corcept Therapeutics Inc.                                  | CUSIP: 218352102<br>LEI: 529900EO9LUTFMZ7FF90 | Long             | EC               | CORP              | US        |     11794 | NS      | $936443.60    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Artivion, Inc.                               | Artivion, Inc.                                             | CUSIP: 228903100<br>LEI: 549300YTKV8DMSMG6K81 | Long             | EC               | CORP              | US        |     11077 | NS      | $516852.82    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| DXP Enterprises, Inc.                        | DXP Enterprises, Inc.                                      | CUSIP: 233377407<br>LEI: 8HH9SCFWHN29ZIEWIE93 | Long             | EC               | CORP              | US        |     19215 | NS      | $1806017.85   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Bancorp, Inc.                          | Eagle Bancorp, Inc.                                        | CUSIP: 268948106<br>LEI: 549300B47NZODRMG3D47 | Long             | EC               | CORP              | US        |     38501 | NS      | $730363.97    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| First Bancorp                                | First Bancorp                                              | CUSIP: 318910106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11176 | NS      | $570087.76    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| HealthStream, Inc.                           | HealthStream, Inc.                                         | CUSIP: 42222N103<br>LEI: 529900OJ88H8635JNH64 | Long             | EC               | CORP              | US        |     11588 | NS      | $291438.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Heritage Financial Corp.                     | Heritage Financial Corp.                                   | CUSIP: 42722X106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14576 | NS      | $348949.44    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Pathward Financial, Inc.                     | Pathward Financial, Inc.                                   | CUSIP: 59100U108<br>LEI: 5493004X52BH1NBLW813 | Long             | EC               | CORP              | US        |     11844 | NS      | $851583.60    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| National Beverage Corp.                      | National Beverage Corp.                                    | CUSIP: 635017106<br>LEI: 549300O9MZIQJI8TGV17 | Long             | EC               | CORP              | US        |     35794 | NS      | $1219143.64   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Neogen Corp.                                 | Neogen Corp.                                               | CUSIP: 640491106<br>LEI: 549300HJT9FC36N4UW43 | Long             | EC               | CORP              | US        |    179980 | NS      | $1076280.40   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Sunstone Hotel Investors, Inc.               | Sunstone Hotel Investors, Inc.                             | CUSIP: 867892101<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EC               | CORP              | US        |    112958 | NS      | $1057286.88   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| NetScout Systems, Inc.                       | NetScout Systems, Inc.                                     | CUSIP: 64115T104<br>LEI: 5493005HZXZ3SPNVCV76 | Long             | EC               | CORP              | US        |     37447 | NS      | $1006575.36   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Renasant Corp.                               | Renasant Corp.                                             | CUSIP: 75970E107<br>LEI: 549300OVE6OZHW2UUH81 | Long             | EC               | CORP              | US        |     37202 | NS      | $1318438.88   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| PC Connection, Inc.                          | PC Connection, Inc.                                        | CUSIP: 69318J100<br>LEI: 5299005WPRNIXDV2KM73 | Long             | EC               | CORP              | US        |     53379 | NS      | $3098117.16   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| PDF Solutions, Inc.                          | PDF Solutions, Inc.                                        | CUSIP: 693282105<br>LEI: 549300GMSP6MROFBI160 | Long             | EC               | CORP              | US        |     11252 | NS      | $304929.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Patrick Industries Inc.                      | Patrick Industries Inc.                                    | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |     39743 | NS      | $4300987.46   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Powell Industries, Inc.                      | Powell Industries, Inc.                                    | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Long             | EC               | CORP              | US        |      4442 | NS      | $1435743.24   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Quaker Chemical Corp.                        | Quaker Chemical Corp.                                      | CUSIP: 747316107<br>LEI: 549300PJQ1R3WCWCPS54 | Long             | EC               | CORP              | US        |     15127 | NS      | $2085256.95   | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| REX American Resources Corp.                 | REX American Resources Corp.                               | CUSIP: 761624105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23856 | NS      | $787009.44    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Champion Homes, Inc.                         | Champion Homes, Inc.                                       | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39472 | NS      | $3388276.48   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Stepan Co.                                   | Stepan Co.                                                 | CUSIP: 858586100<br>LEI: IZU1EW9GB3WC7CYCSR17 | Long             | EC               | CORP              | US        |     53724 | NS      | $2435308.92   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Technologies, Inc.                       | UFP Technologies, Inc.                                     | CUSIP: 902673102<br>LEI: 549300RJ8LY41HS70C91 | Long             | EC               | CORP              | US        |      3268 | NS      | $740822.92    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Unitil Corp.                                 | Unitil Corp.                                               | CUSIP: 913259107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12125 | NS      | $609038.75    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Dorman Products, Inc.                        | Dorman Products, Inc.                                      | CUSIP: 258278100<br>LEI: 2549000O0BBUX740XR59 | Long             | EC               | CORP              | US        |     15260 | NS      | $2018440.20   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Xenia Hotels & Resorts, Inc.                 | Xenia Hotels & Resorts, Inc.                               | CUSIP: 984017103<br>LEI: 54930075IWIPHF5IQL62 | Long             | EC               | CORP              | US        |     87278 | NS      | $1220146.44   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| ABM Industries Inc.                          | ABM Industries Inc.                                        | CUSIP: 000957100<br>LEI: QF02R89VEIOROM77J447 | Long             | EC               | CORP              | US        |    216277 | NS      | $9299911.00   | 0.60%             |  |  |  | No            |                  1 | On Loan: —       |
| NexPoint Residential Trust, Inc.             | NexPoint Residential Trust, Inc.                           | CUSIP: 65341D102<br>LEI: 549300U2J6XVYBF87166 | Long             | EC               | CORP              | US        |      8422 | NS      | $267903.82    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SolarEdge Technologies, Inc.                 | SolarEdge Technologies, Inc.                               | CUSIP: 83417M104<br>LEI: 5493000K6Y58XXPDF853 | Long             | EC               | CORP              | US        |     38307 | NS      | $1399354.71   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| InterDigital, Inc.                           | InterDigital, Inc.                                         | CUSIP: 45867G101<br>LEI: 529900HQAUTC3VI47G64 | Long             | EC               | CORP              | US        |      3512 | NS      | $1256418.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Photronics, Inc.                             | Photronics, Inc.                                           | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |     43689 | NS      | $1000914.99   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TreeHouse Foods, Inc.                        | TreeHouse Foods, Inc.                                      | CUSIP: 89469A104<br>LEI: 5493007M7EVHE470Q576 | Long             | EC               | CORP              | US        |    219580 | NS      | $5245766.20   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ACI Worldwide, Inc.                          | ACI Worldwide, Inc.                                        | CUSIP: 004498101<br>LEI: 5493003BPVMZUJ6F5C02 | Long             | EC               | CORP              | US        |     39587 | NS      | $1855046.82   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Hospitality REIT, Inc.                 | Apple Hospitality REIT, Inc.                               | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               | CORP              | US        |    131905 | NS      | $1568350.45   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Worthington Enterprises, Inc.                | Worthington Enterprises, Inc.                              | CUSIP: 981811102<br>LEI: 1WRCIANKYOIK6KYE5E82 | Long             | EC               | CORP              | US        |     20106 | NS      | $1103015.16   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Pacific Financial Corp.              | Central Pacific Financial Corp.                            | CUSIP: 154760409<br>LEI: 549300W3YEAOZ4KGG849 | Long             | EC               | CORP              | US        |     12602 | NS      | $374783.48    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Etsy, Inc.                                   | Etsy, Inc.                                                 | CUSIP: 29786A106<br>LEI: 54930089Q7XT501AEA40 | Long             | EC               | CORP              | US        |     57219 | NS      | $3102414.18   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtu Financial, Inc.                        | Virtu Financial, Inc., Class A                             | CUSIP: 928254101<br>LEI: 5493001OPW2K42CH3884 | Long             | EC               | CORP              | US        |     88544 | NS      | $3166333.44   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ePlus inc.                                   | ePlus inc.                                                 | CUSIP: 294268107<br>LEI: 529900FFY8AAFJ21NE91 | Long             | EC               | CORP              | US        |     33805 | NS      | $3028928.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Edgewell Personal Care Co.                   | Edgewell Personal Care Co.                                 | CUSIP: 28035Q102<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | EC               | CORP              | US        |    116865 | NS      | $2087208.90   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Collegium Pharmaceutical, Inc.               | Collegium Pharmaceutical, Inc.                             | CUSIP: 19459J104<br>LEI: 54930049FXZMTLW8D496 | Long             | EC               | CORP              | US        |     21929 | NS      | $1023645.72   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp.                         | Meritage Homes Corp.                                       | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |     91414 | NS      | $6680535.12   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemours Co. (The)                           | Chemours Co. (The)                                         | CUSIP: 163851108<br>LEI: 549300M1BOLNXL8DOV14 | Long             | EC               | CORP              | US        |    417699 | NS      | $5342370.21   | 0.34%             |  |  |  | No            |                  1 | On Loan: —       |
| Cable One, Inc.                              | Cable One, Inc.                                            | CUSIP: 12685J105<br>LEI: 549300648QS85T0XSH18 | Long             | EC               | CORP              | US        |     10985 | NS      | $1287332.15   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Energizer Holdings, Inc.                     | Energizer Holdings, Inc.                                   | CUSIP: 29272W109<br>LEI: 5493000D6NN0V57UME20 | Long             | EC               | CORP              | US        |    117843 | NS      | $2148277.89   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| TEGNA Inc.                                   | TEGNA Inc.                                                 | CUSIP: 87901J105<br>LEI: 549300YC5EDBGX85AO10 | Long             | EC               | CORP              | US        |    168678 | NS      | $3292594.56   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Glaukos Corp.                                | Glaukos Corp.                                              | CUSIP: 377322102<br>LEI: 5299004JA1LHE21M6T14 | Long             | EC               | CORP              | US        |      5483 | NS      | $582788.07    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Alarm.com Holdings, Inc.                     | Alarm.com Holdings, Inc.                                   | CUSIP: 011642105<br>LEI: 549300HIH92U1EKIHZ32 | Long             | EC               | CORP              | US        |     19899 | NS      | $1033952.04   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Viavi Solutions Inc.                         | Viavi Solutions Inc.                                       | CUSIP: 925550105<br>LEI: 5493006K3E3N1QOBF092 | Long             | EC               | CORP              | US        |    106220 | NS      | $1905586.80   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Golden Entertainment, Inc.                   | Golden Entertainment, Inc.                                 | CUSIP: 381013101<br>LEI: 549300P8YYCKQVJ0Y638 | Long             | EC               | CORP              | US        |     29987 | NS      | $900209.74    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradata Corp.                               | Teradata Corp.                                             | CUSIP: 88076W103<br>LEI: 549300JU9SOUHV4U4R71 | Long             | EC               | CORP              | US        |     91395 | NS      | $2617552.80   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunrun Inc.                                  | Sunrun Inc.                                                | CUSIP: 86771W105<br>LEI: 54930007SJ77CI66U531 | Long             | EC               | CORP              | US        |    150082 | NS      | $3039160.50   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Dana Inc.                                    | Dana Inc.                                                  | CUSIP: 235825205<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | EC               | CORP              | US        |    505762 | NS      | $11334126.42  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Steven Madden, Ltd.                          | Steven Madden, Ltd.                                        | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |     88103 | NS      | $3680943.34   | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| PJT Partners Inc.                            | PJT Partners Inc., Class A                                 | CUSIP: 69343T107<br>LEI: 549300W3WBEQUBKYTN87 | Long             | EC               | CORP              | US        |      9695 | NS      | $1628856.95   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Square Garden Sports Corp.           | Madison Square Garden Sports Corp., Class A                | CUSIP: 55825T103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5743 | NS      | $1309576.29   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| CSW Industrials, Inc.                        | CSW Industrials, Inc.                                      | CUSIP: 126402106<br>LEI: 549300SYOEO3RVQ7FB83 | Long             | EC               | CORP              | US        |      4117 | NS      | $1119288.79   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-30

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

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Vice President