# EDGAR Filing Document

**Accession Number:** 0001209466
**File Stem:** 0001209466-25-000147
**Filing Date:** 2025-9
**Character Count:** 133460
**Document Hash:** 7ca0cff1d1c5b58f3c886d3926a4652d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001209466-25-000147.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0001209466-25-000147

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20260430

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21265
- **FILM NUMBER:** 251346690

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

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

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

## Series and Classes Contracts Data

### Invesco International Dividend Achievers ETF (Series ID: S000003036)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000008303 | Invesco International Dividend Achievers ETF | PID             |

## Nport-Ex

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

**Invesco BuyBack Achievers**<sup>TM</sup> **ETF (PKW)**

July 31, 2025

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-99.90%** | **Common Stocks & Other Equity Interests-99.90%** | **Common Stocks & Other Equity Interests-99.90%** |
| **Communication Services-3.34%** | **Communication Services-3.34%** | **Communication Services-3.34%** |
| Bumble, Inc., Class A<sup>(b)(c)</sup> | 55448 | &nbsp;&nbsp; $431385 |
| CarGurus, Inc.<sup>(b)(c)</sup> | 51488 | &nbsp;&nbsp; 1689836 |
| Cinemark Holdings, Inc. | 68304 | &nbsp;&nbsp; 1835328 |
| Electronic Arts, Inc. | 151071 | &nbsp;&nbsp; 23036817 |
| Eventbrite, Inc., Class A<sup>(b)</sup> | 48818 | &nbsp;&nbsp; 119116 |
| Fox Corp., Class A | 48 | &nbsp;&nbsp; 2676 |
| Gambling.com Group Ltd. (Malta)<sup>(b)</sup> | 13761 | &nbsp;&nbsp; 145454 |
| IAC, Inc.<sup>(b)</sup> | 40282 | &nbsp;&nbsp; 1583083 |
| Iridium Communications, Inc. | 62706 | &nbsp;&nbsp; 1533789 |
| Liberty Global Ltd., Class A (Belgium)<sup>(b)</sup> | 110711 | &nbsp;&nbsp; 1109324 |
| Match Group, Inc. | 166743 | &nbsp;&nbsp; 5714283 |
| Nexstar Media Group, Inc., Class A<sup>(c)</sup> | 18126 | &nbsp;&nbsp; 3391556 |
| Scholastic Corp.<sup>(c)</sup> | 14991 | &nbsp;&nbsp; 369828 |
| TEGNA, Inc. | 98932 | &nbsp;&nbsp; 1652164 |
| Travelzoo<sup>(b)(c)</sup> | 4606 | &nbsp;&nbsp; 46014 |
| Ziff Davis, Inc.<sup>(b)(c)</sup> | 25907 | &nbsp;&nbsp; 806226 |
| ZoomInfo Technologies, Inc., Class A<sup>(b)(c)</sup> | 218937 | &nbsp;&nbsp; 2371088 |
|  |  | &nbsp;&nbsp; 45837967 |
| **Consumer Discretionary-18.31%** | **Consumer Discretionary-18.31%** | **Consumer Discretionary-18.31%** |
| Abercrombie & Fitch Co., Class A<sup>(b)</sup> | 27280 | &nbsp;&nbsp; 2619426 |
| Academy Sports & Outdoors, Inc.<sup>(c)</sup> | 34733 | &nbsp;&nbsp; 1764089 |
| Adient PLC<sup>(b)</sup> | 43898 | &nbsp;&nbsp; 941173 |
| ADT, Inc. | 330131 | &nbsp;&nbsp; 2756594 |
| Adtalem Global Education, Inc.<sup>(b)</sup> | 111 | &nbsp;&nbsp; 12684 |
| American Eagle Outfitters, Inc. | 97972 | &nbsp;&nbsp; 1058098 |
| Autoliv, Inc. (Sweden) | 45924 | &nbsp;&nbsp; 5122822 |
| AutoNation, Inc.<sup>(b)</sup> | 18889 | &nbsp;&nbsp; 3638777 |
| BARK, Inc.<sup>(b)</sup> | 84837 | &nbsp;&nbsp; 73079 |
| Booking Holdings, Inc. | 262 | &nbsp;&nbsp; 1442064 |
| Boyd Gaming Corp. | 39619 | &nbsp;&nbsp; 3363653 |
| Build-A-Bear Workshop, Inc.<sup>(c)</sup> | 8225 | &nbsp;&nbsp; 417090 |
| Choice Hotels International, Inc.<sup>(c)</sup> | 14612 | &nbsp;&nbsp; 1866098 |
| Columbia Sportswear Co.<sup>(c)</sup> | 15673 | &nbsp;&nbsp; 886622 |
| Crocs, Inc.<sup>(b)</sup> | 31305 | &nbsp;&nbsp; 3122048 |
| D.R. Horton, Inc. | 191281 | &nbsp;&nbsp; 27322578 |
| Dave & Buster's Entertainment, Inc.<sup>(b)</sup> | 13116 | &nbsp;&nbsp; 383512 |
| Designer Brands, Inc., Class A<sup>(c)</sup> | 24117 | &nbsp;&nbsp; 68010 |
| Dutch Bros, Inc., Class A<sup>(b)</sup> | 90845 | &nbsp;&nbsp; 5384383 |
| eBay, Inc. | 313460 | &nbsp;&nbsp; 28759955 |
| El Pollo Loco Holdings, Inc.<sup>(b)(c)</sup> | 93 | &nbsp;&nbsp; 958 |
| Etsy, Inc.<sup>(b)(c)</sup> | 64936 | &nbsp;&nbsp; 3783821 |
| European Wax Center, Inc., Class A<sup>(b)(c)</sup> | 20163 | &nbsp;&nbsp; 94363 |
| Frontdoor, Inc.<sup>(b)</sup> | 45295 | &nbsp;&nbsp; 2649757 |
| Garrett Motion, Inc. (Switzerland)<sup>(c)</sup> | 123270 | &nbsp;&nbsp; 1607441 |
| General Motors Co. | 653734 | &nbsp;&nbsp; 34870171 |
| Genesco, Inc.<sup>(b)</sup> | 6558 | &nbsp;&nbsp; 157785 |
| Golden Entertainment, Inc. | 11731 | &nbsp;&nbsp; 329876 |
| H&R Block, Inc. | 76659 | &nbsp;&nbsp; 4165650 |
| Harley-Davidson, Inc.<sup>(c)</sup> | 66085 | &nbsp;&nbsp; 1607848 |
| Hilton Grand Vacations, Inc.<sup>(b)(c)</sup> | 36741 | &nbsp;&nbsp; 1646732 |
| Hilton Worldwide Holdings, Inc. | 313 | &nbsp;&nbsp; 83909 |
| Hyatt Hotels Corp., Class A | 25218 | &nbsp;&nbsp; 3554981 |
| Las Vegas Sands Corp. | 252882 | &nbsp;&nbsp; 13251017 |
| Lear Corp. | 34822 | &nbsp;&nbsp; 3283366 |
| Light & Wonder, Inc.<sup>(b)</sup> | 54958 | &nbsp;&nbsp; 5293555 |
| Lithia Motors, Inc., Class A | 15650 | &nbsp;&nbsp; 4507200 |
| Lovesac Co. (The)<sup>(b)</sup> | 9060 | &nbsp;&nbsp; 163171 |
| Malibu Boats, Inc., Class A<sup>(b)</sup> | 9752 | &nbsp;&nbsp; 324839 |
| Mattel, Inc.<sup>(b)</sup> | 159468 | &nbsp;&nbsp; 2712551 |
| MGM Resorts International<sup>(b)</sup> | 148040 | &nbsp;&nbsp; 5396058 |
| NVR, Inc.<sup>(b)</sup> | 1946 | &nbsp;&nbsp; 14691307 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Consumer Discretionary-(continued)** | **Consumer Discretionary-(continued)** | **Consumer Discretionary-(continued)** |
| PHINIA, Inc. | 24216 | &nbsp;&nbsp; $1227751 |
| PulteGroup, Inc. | 61 | &nbsp;&nbsp; 6888 |
| PVH Corp.<sup>(c)</sup> | 28215 | &nbsp;&nbsp; 2071545 |
| RCI Hospitality Holdings, Inc. | 5038 | &nbsp;&nbsp; 180511 |
| Sally Beauty Holdings, Inc.<sup>(b)</sup> | 62104 | &nbsp;&nbsp; 604893 |
| Signet Jewelers Ltd. | 25035 | &nbsp;&nbsp; 1980268 |
| Tapestry, Inc. | 141220 | &nbsp;&nbsp; 15255997 |
| Taylor Morrison Home Corp., Class A<sup>(b)</sup> | 62499 | &nbsp;&nbsp; 3704941 |
| TopBuild Corp.<sup>(b)</sup> | 15141 | &nbsp;&nbsp; 5608681 |
| Travel + Leisure Co. | 43258 | &nbsp;&nbsp; 2563036 |
| Ulta Beauty, Inc.<sup>(b)</sup> | 29918 | &nbsp;&nbsp; 15408069 |
| United Parks & Resorts, Inc.<sup>(b)(c)</sup> | 16526 | &nbsp;&nbsp; 782176 |
| Wynn Resorts Ltd. | 58371 | &nbsp;&nbsp; 6364190 |
| Zumiez, Inc.<sup>(b)</sup> | 9031 | &nbsp;&nbsp; 123815 |
|  |  | &nbsp;&nbsp; 251061872 |
| **Consumer Staples-6.30%** | **Consumer Staples-6.30%** | **Consumer Staples-6.30%** |
| Adecoagro S.A. (Brazil) | 9304 | &nbsp;&nbsp; 85504 |
| Boston Beer Co., Inc. (The), Class A<sup>(b)</sup> | 5913 | &nbsp;&nbsp; 1224464 |
| Bunge Global S.A. | 76960 | &nbsp;&nbsp; 6138330 |
| Coca-Cola Consolidated, Inc. | 38092 | &nbsp;&nbsp; 4256781 |
| Kroger Co. (The) | 406968 | &nbsp;&nbsp; 28528457 |
| Monster Beverage Corp.<sup>(b)</sup> | 502579 | &nbsp;&nbsp; 29526516 |
| Post Holdings, Inc.<sup>(b)</sup> | 31107 | &nbsp;&nbsp; 3291432 |
| Seneca Foods Corp., Class A<sup>(b)</sup> | 173 | &nbsp;&nbsp; 18118 |
| Spectrum Brands Holdings, Inc.<sup>(c)</sup> | 16683 | &nbsp;&nbsp; 892707 |
| TreeHouse Foods, Inc.<sup>(b)</sup> | 29639 | &nbsp;&nbsp; 569661 |
| US Foods Holding Corp.<sup>(b)</sup> | 142405 | &nbsp;&nbsp; 11866609 |
|  |  | &nbsp;&nbsp; 86398579 |
| **Energy-9.12%** | **Energy-9.12%** | **Energy-9.12%** |
| Borr Drilling Ltd. (Mexico) | 135314 | &nbsp;&nbsp; 274687 |
| Chevron Corp. | 486921 | &nbsp;&nbsp; 73836701 |
| Civitas Resources, Inc. | 53673 | &nbsp;&nbsp; 1629512 |
| CNX Resources Corp.<sup>(b)(c)</sup> | 91154 | &nbsp;&nbsp; 2762878 |
| Delek US Holdings, Inc. | 39988 | &nbsp;&nbsp; 894532 |
| HF Sinclair Corp. | 102488 | &nbsp;&nbsp; 4503323 |
| Marathon Petroleum Corp. | 208892 | &nbsp;&nbsp; 35551330 |
| Navigator Holdings Ltd.<sup>(c)</sup> | 23795 | &nbsp;&nbsp; 375247 |
| Par Pacific Holdings, Inc.<sup>(b)</sup> | 31380 | &nbsp;&nbsp; 984704 |
| PrimeEnergy Resources Corp.<sup>(b)(c)</sup> | 297 | &nbsp;&nbsp; 50065 |
| REX American Resources Corp.<sup>(b)</sup> | 8841 | &nbsp;&nbsp; 462208 |
| Scorpio Tankers, Inc. (Monaco) | 30011 | &nbsp;&nbsp; 1356797 |
| Seadrill Ltd. (Norway)<sup>(b)</sup> | 39193 | &nbsp;&nbsp; 1142868 |
| Teekay Corp. Ltd. (Bermuda) | 37081 | &nbsp;&nbsp; 266983 |
| World Kinect Corp. | 34856 | &nbsp;&nbsp; 950523 |
|  |  | &nbsp;&nbsp; 125042358 |
| **Financials-34.45%** | **Financials-34.45%** | **Financials-34.45%** |
| Acadian Asset Management, Inc. | 181 | &nbsp;&nbsp; 7564 |
| Affiliated Managers Group, Inc. | 16075 | &nbsp;&nbsp; 3373660 |
| Aflac, Inc. | 111 | &nbsp;&nbsp; 11029 |
| American International Group, Inc. | 412505 | &nbsp;&nbsp; 32022763 |
| Angel Oak Mortgage REIT, Inc.<sup>(c)</sup> | 13120 | &nbsp;&nbsp; 121491 |
| Assured Guaranty Ltd. | 31272 | &nbsp;&nbsp; 2644986 |
| AXIS Capital Holdings Ltd. | 56296 | &nbsp;&nbsp; 5282817 |
| Bancorp, Inc. (The)<sup>(b)(c)</sup> | 24740 | &nbsp;&nbsp; 1562578 |
| &nbsp;&nbsp;&nbsp; Bank of N.T. Butterfield & Son Ltd. (The) <br> (Bermuda)<br>| 29604 | &nbsp;&nbsp; 1347278 |
| Bank of New York Mellon Corp. (The) | 87 | &nbsp;&nbsp; 8826 |
| Blue Foundry Bancorp<sup>(b)</sup> | 10727 | &nbsp;&nbsp; 91716 |
| Brighthouse Financial, Inc.<sup>(b)</sup> | 37392 | &nbsp;&nbsp; 1789207 |
| Cannae Holdings, Inc.<sup>(c)</sup> | 36419 | &nbsp;&nbsp; 778638 |

---

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

------

**Invesco BuyBack Achievers**<sup>TM</sup> **ETF (PKW)—(continued)**

July 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Financials-(continued)** | **Financials-(continued)** | **Financials-(continued)** |
| CNO Financial Group, Inc. | 62445 | &nbsp;&nbsp; $2300474 |
| Corebridge Financial, Inc. | 157379 | &nbsp;&nbsp; 5596397 |
| Donegal Group, Inc., Class A | 145 | &nbsp;&nbsp; 2487 |
| Enova International, Inc.<sup>(b)(c)</sup> | 15251 | &nbsp;&nbsp; 1594645 |
| Equitable Holdings, Inc. | 171834 | &nbsp;&nbsp; 8823676 |
| Euronet Worldwide, Inc.<sup>(b)</sup> | 28476 | &nbsp;&nbsp; 2767298 |
| Federated Hermes, Inc., Class B | 49818 | &nbsp;&nbsp; 2469478 |
| &nbsp;&nbsp;&nbsp; Fidelis Insurance Holdings Ltd. (United <br> Kingdom)<br>| 40001 | &nbsp;&nbsp; 604415 |
| Fidelity National Information Services, Inc. | 334683 | &nbsp;&nbsp; 26577177 |
| First Citizens BancShares, Inc., Class A | 7737 | &nbsp;&nbsp; 15433458 |
| First Horizon Corp. | 323114 | &nbsp;&nbsp; 7047116 |
| Fiserv, Inc.<sup>(b)</sup> | 376991 | &nbsp;&nbsp; 52379130 |
| Genworth Financial, Inc., Class A<sup>(b)</sup> | 237316 | &nbsp;&nbsp; 1865304 |
| Globe Life, Inc. | 55535 | &nbsp;&nbsp; 7801001 |
| Goldman Sachs Group, Inc. (The) | 98513 | &nbsp;&nbsp; 71283022 |
| Granite Point Mortgage Trust, Inc. | 31182 | &nbsp;&nbsp; 79514 |
| International Money Express, Inc.<sup>(b)(c)</sup> | 19954 | &nbsp;&nbsp; 179386 |
| Jackson Financial, Inc., Class A | 46530 | &nbsp;&nbsp; 4074167 |
| Loews Corp. | 129077 | &nbsp;&nbsp; 11686632 |
| MetLife, Inc. | 403601 | &nbsp;&nbsp; 30653496 |
| MGIC Investment Corp. | 144453 | &nbsp;&nbsp; 3741333 |
| Navient Corp.<sup>(c)</sup> | 42715 | &nbsp;&nbsp; 552732 |
| Old Republic International Corp. | 145063 | &nbsp;&nbsp; 5246929 |
| OppFi, Inc.<sup>(c)</sup> | 18733 | &nbsp;&nbsp; 199319 |
| P10, Inc., Class A | 47723 | &nbsp;&nbsp; 586993 |
| Pathward Financial, Inc. | 13483 | &nbsp;&nbsp; 1019652 |
| PayPal Holdings, Inc.<sup>(b)</sup> | 696085 | &nbsp;&nbsp; 47862805 |
| Perella Weinberg Partners | 36771 | &nbsp;&nbsp; 733214 |
| PROG Holdings, Inc. | 24551 | &nbsp;&nbsp; 781704 |
| Radian Group, Inc. | 82688 | &nbsp;&nbsp; 2696456 |
| RenaissanceRe Holdings Ltd. (Bermuda) | 29946 | &nbsp;&nbsp; 7299038 |
| Runway Growth Finance Corp. | 26731 | &nbsp;&nbsp; 287358 |
| Sierra Bancorp | 9001 | &nbsp;&nbsp; 263909 |
| SiriusPoint Ltd. (Sweden)<sup>(b)</sup> | 58413 | &nbsp;&nbsp; 1145479 |
| SLM Corp. | 35 | &nbsp;&nbsp; 1113 |
| SuRo Capital Corp. | 14497 | &nbsp;&nbsp; 123079 |
| Synchrony Financial | 228861 | &nbsp;&nbsp; 15944746 |
| Unum Group | 103583 | &nbsp;&nbsp; 7438295 |
| Wells Fargo & Co. | 870223 | &nbsp;&nbsp; 70166080 |
| WEX, Inc.<sup>(b)</sup> | 20834 | &nbsp;&nbsp; 3535113 |
| World Acceptance Corp.<sup>(b)(c)</sup> | 3001 | &nbsp;&nbsp; 472117 |
|  |  | &nbsp;&nbsp; 472358290 |
| **Health Care-10.38%** | **Health Care-10.38%** | **Health Care-10.38%** |
| 4D Molecular Therapeutics, Inc.<sup>(b)</sup> | 24536 | &nbsp;&nbsp; 110412 |
| Azenta, Inc.<sup>(b)(c)</sup> | 29162 | &nbsp;&nbsp; 953597 |
| Centene Corp.<sup>(b)</sup> | 316979 | &nbsp;&nbsp; 8263643 |
| Cigna Group (The) | 191206 | &nbsp;&nbsp; 51124660 |
| DaVita, Inc.<sup>(b)</sup> | 29721 | &nbsp;&nbsp; 4171937 |
| Definitive Healthcare Corp.<sup>(b)</sup> | 26122 | &nbsp;&nbsp; 101876 |
| Dynavax Technologies Corp.<sup>(b)</sup> | 72195 | &nbsp;&nbsp; 792701 |
| Exelixis, Inc.<sup>(b)</sup> | 175670 | &nbsp;&nbsp; 6362767 |
| Fulcrum Therapeutics, Inc.<sup>(b)(c)</sup> | 25054 | &nbsp;&nbsp; 168613 |
| Haemonetics Corp.<sup>(b)</sup> | 30259 | &nbsp;&nbsp; 2240376 |
| HCA Healthcare, Inc. | 122254 | &nbsp;&nbsp; 43276693 |
| Incyte Corp.<sup>(b)</sup> | 130234 | &nbsp;&nbsp; 9753224 |
| Molina Healthcare, Inc.<sup>(b)</sup> | 27931 | &nbsp;&nbsp; 4409467 |
| Option Care Health, Inc.<sup>(b)</sup> | 103137 | &nbsp;&nbsp; 3027071 |
| Premier, Inc., Class A<sup>(c)</sup> | 51274 | &nbsp;&nbsp; 1101366 |
| Pro-Dex, Inc.<sup>(b)(c)</sup> | 1611 | &nbsp;&nbsp; 80631 |
| Progyny, Inc.<sup>(b)</sup> | 42333 | &nbsp;&nbsp; 995249 |
| Roivant Sciences Ltd.<sup>(b)(c)</sup> | 267612 | &nbsp;&nbsp; 3040072 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Health Care-(continued)** | **Health Care-(continued)** | **Health Care-(continued)** |
| Teleflex, Inc. | 18977 | &nbsp;&nbsp; $2267752 |
| Tenet Healthcare Corp.<sup>(b)</sup> | 247 | &nbsp;&nbsp; 39836 |
| Utah Medical Products, Inc. | 2023 | &nbsp;&nbsp; 112479 |
|  |  | &nbsp;&nbsp; 142394422 |
| **Industrials-4.32%** | **Industrials-4.32%** | **Industrials-4.32%** |
| AerCap Holdings N.V. (Ireland) | 120664 | &nbsp;&nbsp; 12941214 |
| AerSale Corp.<sup>(b)</sup> | 23479 | &nbsp;&nbsp; 141813 |
| American Woodmark Corp.<sup>(b)</sup> | 8097 | &nbsp;&nbsp; 425983 |
| Atkore, Inc.<sup>(c)</sup> | 22400 | &nbsp;&nbsp; 1725248 |
| BlueLinx Holdings, Inc.<sup>(b)</sup> | 5110 | &nbsp;&nbsp; 374410 |
| Builders FirstSource, Inc.<sup>(b)</sup> | 68026 | &nbsp;&nbsp; 8648145 |
| Carlisle Cos., Inc. | 26624 | &nbsp;&nbsp; 9443799 |
| Cimpress PLC (Ireland)<sup>(b)</sup> | 15136 | &nbsp;&nbsp; 837172 |
| Conduent, Inc.<sup>(b)</sup> | 107721 | &nbsp;&nbsp; 286538 |
| Core & Main, Inc., Class A<sup>(b)</sup> | 54 | &nbsp;&nbsp; 3437 |
| Custom Truck One Source, Inc.<sup>(b)</sup> | 50251 | &nbsp;&nbsp; 311054 |
| Griffon Corp. | 214 | &nbsp;&nbsp; 17392 |
| IBEX Holdings Ltd.<sup>(b)</sup> | 235 | &nbsp;&nbsp; 6949 |
| Kelly Services, Inc., Class A | 21239 | &nbsp;&nbsp; 260178 |
| Legalzoom.com, Inc.<sup>(b)</sup> | 158 | &nbsp;&nbsp; 1420 |
| Maximus, Inc. | 31459 | &nbsp;&nbsp; 2323562 |
| MYR Group, Inc.<sup>(b)</sup> | 9444 | &nbsp;&nbsp; 1827414 |
| Proto Labs, Inc.<sup>(b)</sup> | 12590 | &nbsp;&nbsp; 542881 |
| RCM Technologies, Inc.<sup>(b)</sup> | 3597 | &nbsp;&nbsp; 86724 |
| REV Group, Inc. | 27941 | &nbsp;&nbsp; 1384476 |
| RTX Corp. | 282 | &nbsp;&nbsp; 44435 |
| Ryder System, Inc. | 26926 | &nbsp;&nbsp; 4785019 |
| Safe Bulkers, Inc. (Monaco) | 38811 | &nbsp;&nbsp; 152527 |
| Science Applications International Corp. | 30530 | &nbsp;&nbsp; 3403484 |
| Taylor Devices, Inc.<sup>(b)(c)</sup> | 118 | &nbsp;&nbsp; 5322 |
| Textron, Inc. | 112421 | &nbsp;&nbsp; 8742981 |
| Titan International, Inc.<sup>(b)</sup> | 31917 | &nbsp;&nbsp; 270018 |
| Wabash National Corp. | 27571 | &nbsp;&nbsp; 274607 |
|  |  | &nbsp;&nbsp; 59268202 |
| **Information Technology-4.93%** | **Information Technology-4.93%** | **Information Technology-4.93%** |
| Avnet, Inc. | 54619 | &nbsp;&nbsp; 2891530 |
| Blackbaud, Inc.<sup>(b)</sup> | 21530 | &nbsp;&nbsp; 1451552 |
| Clear Secure, Inc., Class A | 50190 | &nbsp;&nbsp; 1476088 |
| Clearfield, Inc.<sup>(b)(c)</sup> | 270 | &nbsp;&nbsp; 11829 |
| Core Scientific, Inc.<sup>(b)(c)</sup> | 42 | &nbsp;&nbsp; 569 |
| DoubleVerify Holdings, Inc.<sup>(b)</sup> | 84906 | &nbsp;&nbsp; 1300760 |
| Dropbox, Inc., Class A<sup>(b)(c)</sup> | 130314 | &nbsp;&nbsp; 3540631 |
| IPG Photonics Corp.<sup>(b)(c)</sup> | 18875 | &nbsp;&nbsp; 1413549 |
| Jabil, Inc. | 67595 | &nbsp;&nbsp; 15085176 |
| &nbsp;&nbsp;&nbsp; Nebius Group N.V., Class A <br> (Netherlands)<sup>(b)</sup><br>| 144874 | &nbsp;&nbsp; 7885492 |
| ScanSource, Inc.<sup>(b)</sup> | 12776 | &nbsp;&nbsp; 496220 |
| SmartRent, Inc.<sup>(b)</sup> | 109097 | &nbsp;&nbsp; 110188 |
| Twilio, Inc., Class A<sup>(b)</sup> | 109276 | &nbsp;&nbsp; 14096604 |
| UiPath, Inc., Class A<sup>(b)</sup> | 284938 | &nbsp;&nbsp; 3348021 |
| VeriSign, Inc. | 53767 | &nbsp;&nbsp; 14456333 |
|  |  | &nbsp;&nbsp; 67564542 |
| **Materials-6.74%** | **Materials-6.74%** | **Materials-6.74%** |
| Ashland, Inc. | 29762 | &nbsp;&nbsp; 1534529 |
| Ball Corp. | 188632 | &nbsp;&nbsp; 10801068 |
| CF Industries Holdings, Inc. | 109000 | &nbsp;&nbsp; 10118470 |
| CRH PLC | 482111 | &nbsp;&nbsp; 46017495 |
| Koppers Holdings, Inc. | 11887 | &nbsp;&nbsp; 390607 |
| MP Materials Corp.<sup>(b)(c)</sup> | 147 | &nbsp;&nbsp; 9040 |
| Reliance, Inc. | 32370 | &nbsp;&nbsp; 9391508 |

---

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

------

**Invesco BuyBack Achievers**<sup>TM</sup> **ETF (PKW)—(continued)**

July 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Materials-(continued)** | **Materials-(continued)** | **Materials-(continued)** |
| Ryerson Holding Corp. | 18435 | &nbsp;&nbsp; $379761 |
| Steel Dynamics, Inc. | 100942 | &nbsp;&nbsp; 12876162 |
| Sylvamo Corp. | 18946 | &nbsp;&nbsp; 872842 |
|  |  | &nbsp;&nbsp; 92391482 |
| **Real Estate-0.40%** | **Real Estate-0.40%** | **Real Estate-0.40%** |
| Healthcare Realty Trust, Inc.<sup>(c)</sup> | 226376 | &nbsp;&nbsp; 3477136 |
| &nbsp;&nbsp;&nbsp; JBG SMITH Properties, (Acquired <br> 01/31/2023 - 07/29/2025; <br> Cost $617,594)<sup>(d)</sup><br>| 36078 | &nbsp;&nbsp; 764132 |
| Park Hotels & Resorts, Inc. | 118750 | &nbsp;&nbsp; 1265875 |
|  |  | &nbsp;&nbsp; 5507143 |
| **Utilities-1.61%** | **Utilities-1.61%** | **Utilities-1.61%** |
| NRG Energy, Inc. | 131539 | &nbsp;&nbsp; 21993321 |
| Vistra Corp. | 273 | &nbsp;&nbsp; 56931 |
|  |  | &nbsp;&nbsp; 22050252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $1,314,510,898) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $1,314,510,898) | &nbsp;&nbsp; 1369875109 |
| **Closed-End Fund-0.04%** | **Closed-End Fund-0.04%** | **Closed-End Fund-0.04%** |
| Nuveen Churchill Direct Lending Corp. | 30230 | &nbsp;&nbsp; 494563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Closed-End Fund <br>(Cost $494,835) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Closed-End Fund <br>(Cost $494,835) | &nbsp;&nbsp; 494563 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Money Market Funds-0.11%** | **Money Market Funds-0.11%** | **Money Market Funds-0.11%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 4.25%<sup>(e)(f)</sup> <br>(Cost $1,447,961)<br>| 1447961 | &nbsp;&nbsp; $1447961 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.05% <br>(Cost $1,316,453,694) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.05% <br>(Cost $1,316,453,694) | &nbsp;&nbsp; 1371817633 |
| **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** |
| **Money Market Funds-3.38%** | **Money Market Funds-3.38%** | **Money Market Funds-3.38%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 4.32%<sup>(e)(f)(g)</sup><br>| 8209828 | &nbsp;&nbsp; 8209828 |
| Invesco Private Prime Fund, 4.46%<sup>(e)(f)(g)</sup> | 38186979 | &nbsp;&nbsp; 38194616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $46,404,577) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $46,404,577) | &nbsp;&nbsp; 46404444 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-103.43% <br>(Cost $1,362,858,271) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-103.43% <br>(Cost $1,362,858,271) | &nbsp;&nbsp; 1418222077 |
| OTHER ASSETS LESS LIABILITIES-(3.43)% | OTHER ASSETS LESS LIABILITIES-(3.43)% | &nbsp;&nbsp; (47020274)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $1371201803 |

---

&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 July 31, 2025. |
| <sup>(d)</sup> | Restricted security. The value of this security at July 31, 2025 represented less than 1% of the Fund's Net Assets. |
| <sup>(e)</sup> | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in <br> which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund's transactions in, and earnings from, its investments in <br> affiliates for the three months ended July 31, 2025.<br>|

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**April 30, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Value** <br>**July 31, 2025**<br>| **Dividend Income** |
| **Investments in Affiliated** <br> **Money Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & Agency <br> Portfolio, Institutional Class<br>| &nbsp;&nbsp;&nbsp; $1335636 | &nbsp;&nbsp;&nbsp; $6116510 | &nbsp;&nbsp;&nbsp; $(6004185)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $1447961 | &nbsp;&nbsp;&nbsp; $16150 |
| **Investments Purchased with** <br> **Cash Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private Government <br> Fund<br>| &nbsp;&nbsp;&nbsp; 14425128 | &nbsp;&nbsp;&nbsp; 36990057 | &nbsp;&nbsp;&nbsp; (43205357)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 8209828 | &nbsp;&nbsp;&nbsp; 153,877<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp; 38420365 | &nbsp;&nbsp;&nbsp; 58634204 | &nbsp;&nbsp;&nbsp; (58859820)<br>| &nbsp;&nbsp;&nbsp; 2069 | &nbsp;&nbsp;&nbsp; (2202)<br>| &nbsp;&nbsp;&nbsp; 38194616 | &nbsp;&nbsp;&nbsp; 412,562<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $54181129 | &nbsp;&nbsp;&nbsp; $101740771 | &nbsp;&nbsp;&nbsp; $(108069362)<br>| &nbsp;&nbsp;&nbsp; $2069 | &nbsp;&nbsp;&nbsp; $(2202)<br>| &nbsp;&nbsp;&nbsp; $47852405 | &nbsp;&nbsp;&nbsp; $582589 |

---

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

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

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

<sup>(f)</sup> The rate shown is the 7-day SEC standardized yield as of July 31, 2025. <br> <sup>(g)</sup> The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower's return of the securities loaned.

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

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

------

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

**Invesco Dividend Achievers**<sup>TM</sup> **ETF (PFM)**

July 31, 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-1.28%** | **Communication Services-1.28%** | **Communication Services-1.28%** |
| Cogent Communications Holdings, Inc.<sup>(b)</sup> | 1420 | &nbsp;&nbsp; $64738 |
| Comcast Corp., Class A | 107148 | &nbsp;&nbsp; 3560528 |
| John Wiley & Sons, Inc., Class A<sup>(b)</sup> | 1292 | &nbsp;&nbsp; 49871 |
| Nexstar Media Group, Inc., Class A<sup>(b)</sup> | 869 | &nbsp;&nbsp; 162599 |
| Verizon Communications, Inc. | 121304 | &nbsp;&nbsp; 5186959 |
|  |  | &nbsp;&nbsp; 9024695 |
| **Consumer Discretionary-4.51%** | **Consumer Discretionary-4.51%** | **Consumer Discretionary-4.51%** |
| Best Buy Co., Inc. | 6089 | &nbsp;&nbsp; 396150 |
| Brunswick Corp.<sup>(b)</sup> | 1888 | &nbsp;&nbsp; 110052 |
| Churchill Downs, Inc.<sup>(b)</sup> | 2076 | &nbsp;&nbsp; 222215 |
| D.R. Horton, Inc. | 8837 | &nbsp;&nbsp; 1262277 |
| Dick's Sporting Goods, Inc. | 1624 | &nbsp;&nbsp; 343492 |
| Dillard's, Inc., Class A | 336 | &nbsp;&nbsp; 156888 |
| Domino's Pizza, Inc. | 987 | &nbsp;&nbsp; 457188 |
| Genuine Parts Co. | 3994 | &nbsp;&nbsp; 514747 |
| Haverty Furniture Cos., Inc.<sup>(b)</sup> | 427 | &nbsp;&nbsp; 8809 |
| Home Depot, Inc. (The) | 28625 | &nbsp;&nbsp; 10519974 |
| Johnson Outdoors, Inc., Class A<sup>(b)</sup> | 262 | &nbsp;&nbsp; 8698 |
| Lithia Motors, Inc., Class A | 751 | &nbsp;&nbsp; 216288 |
| Lowe's Cos., Inc. | 16123 | &nbsp;&nbsp; 3604619 |
| McDonald's Corp. | 20571 | &nbsp;&nbsp; 6172740 |
| NIKE, Inc., Class B | 33892 | &nbsp;&nbsp; 2531393 |
| Polaris, Inc.<sup>(b)</sup> | 1616 | &nbsp;&nbsp; 85503 |
| Pool Corp.<sup>(b)</sup> | 1083 | &nbsp;&nbsp; 333716 |
| Service Corp. International | 4097 | &nbsp;&nbsp; 312642 |
| Shoe Carnival, Inc. | 789 | &nbsp;&nbsp; 16143 |
| Starbucks Corp. | 32697 | &nbsp;&nbsp; 2915265 |
| Thor Industries, Inc.<sup>(b)</sup> | 1530 | &nbsp;&nbsp; 139215 |
| Tractor Supply Co.<sup>(b)</sup> | 15256 | &nbsp;&nbsp; 868829 |
| Williams-Sonoma, Inc. | 3536 | &nbsp;&nbsp; 661409 |
|  |  | &nbsp;&nbsp; 31858252 |
| **Consumer Staples-11.92%** | **Consumer Staples-11.92%** | **Consumer Staples-11.92%** |
| Altria Group, Inc. | 48460 | &nbsp;&nbsp; 3001612 |
| Andersons, Inc. (The) | 985 | &nbsp;&nbsp; 35381 |
| Archer-Daniels-Midland Co. | 13825 | &nbsp;&nbsp; 749039 |
| Brown-Forman Corp., Class B<sup>(b)</sup> | 8733 | &nbsp;&nbsp; 251947 |
| Casey's General Stores, Inc. | 1069 | &nbsp;&nbsp; 556019 |
| Church & Dwight Co., Inc. | 7086 | &nbsp;&nbsp; 664454 |
| Clorox Co. (The) | 3544 | &nbsp;&nbsp; 444985 |
| Coca-Cola Co. (The) | 123832 | &nbsp;&nbsp; 8406954 |
| Colgate-Palmolive Co. | 23315 | &nbsp;&nbsp; 1954963 |
| Costco Wholesale Corp. | 12766 | &nbsp;&nbsp; 11995444 |
| Flowers Foods, Inc.<sup>(b)</sup> | 6074 | &nbsp;&nbsp; 96273 |
| Hershey Co. (The) | 4258 | &nbsp;&nbsp; 792542 |
| Hormel Foods Corp. | 15821 | &nbsp;&nbsp; 444412 |
| Ingredion, Inc. | 1849 | &nbsp;&nbsp; 243217 |
| J&J Snack Foods Corp.<sup>(b)</sup> | 558 | &nbsp;&nbsp; 62993 |
| J.M. Smucker Co. (The) | 3061 | &nbsp;&nbsp; 328568 |
| Kimberly-Clark Corp. | 9548 | &nbsp;&nbsp; 1189872 |
| Kroger Co. (The) | 19156 | &nbsp;&nbsp; 1342836 |
| Marzetti Co. (The) | 795 | &nbsp;&nbsp; 141319 |
| McCormick & Co., Inc. | 7270 | &nbsp;&nbsp; 513480 |
| Mondelez International, Inc., Class A | 37254 | &nbsp;&nbsp; 2409961 |
| Oil-Dri Corp.of America | 296 | &nbsp;&nbsp; 16694 |
| PepsiCo, Inc. | 39445 | &nbsp;&nbsp; 5440254 |
| Philip Morris International, Inc. | 44782 | &nbsp;&nbsp; 7346487 |
| Procter & Gamble Co. (The) | 67450 | &nbsp;&nbsp; 10149202 |
| SpartanNash Co. | 976 | &nbsp;&nbsp; 25903 |
| Sysco Corp. | 13948 | &nbsp;&nbsp; 1110261 |
| Target Corp. | 13072 | &nbsp;&nbsp; 1313736 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Consumer Staples-(continued)** | **Consumer Staples-(continued)** | **Consumer Staples-(continued)** |
| Tootsie Roll Industries, Inc.<sup>(b)</sup> | 1203 | &nbsp;&nbsp; $45630 |
| Tyson Foods, Inc., Class A | 8236 | &nbsp;&nbsp; 430743 |
| Universal Corp. | 709 | &nbsp;&nbsp; 38619 |
| Walmart, Inc. | 230183 | &nbsp;&nbsp; 22553330 |
| WD-40 Co. | 388 | &nbsp;&nbsp; 83187 |
|  |  | &nbsp;&nbsp; 84180317 |
| **Energy-3.84%** | **Energy-3.84%** | **Energy-3.84%** |
| Chevron Corp. | 50246 | &nbsp;&nbsp; 7619303 |
| Delek Logistics Partners L.P. | 1537 | &nbsp;&nbsp; 70871 |
| Enterprise Products Partners L.P. | 62399 | &nbsp;&nbsp; 1933745 |
| Exxon Mobil Corp. | 123986 | &nbsp;&nbsp; 13841797 |
| MPLX L.P. | 29367 | &nbsp;&nbsp; 1541768 |
| Phillips 66 | 11722 | &nbsp;&nbsp; 1448605 |
| Texas Pacific Land Corp. | 659 | &nbsp;&nbsp; 637998 |
|  |  | &nbsp;&nbsp; 27094087 |
| **Financials-20.58%** | **Financials-20.58%** | **Financials-20.58%** |
| 1st Source Corp. | 704 | &nbsp;&nbsp; 42113 |
| Aflac, Inc. | 15556 | &nbsp;&nbsp; 1545644 |
| Alerus Financial Corp. | 732 | &nbsp;&nbsp; 15474 |
| Allstate Corp. (The) | 7618 | &nbsp;&nbsp; 1548358 |
| American Financial Group, Inc. | 2405 | &nbsp;&nbsp; 300384 |
| Ameriprise Financial, Inc. | 2740 | &nbsp;&nbsp; 1419841 |
| AMERISAFE, Inc. | 546 | &nbsp;&nbsp; 24450 |
| Aon PLC, Class A | 6211 | &nbsp;&nbsp; 2209315 |
| Arbor Realty Trust, Inc.<sup>(b)</sup> | 5529 | &nbsp;&nbsp; 61704 |
| Arrow Financial Corp. | 478 | &nbsp;&nbsp; 12810 |
| Arthur J. Gallagher & Co. | 7368 | &nbsp;&nbsp; 2116458 |
| Associated Banc-Corp | 4769 | &nbsp;&nbsp; 117985 |
| Assurant, Inc. | 1459 | &nbsp;&nbsp; 273271 |
| Assured Guaranty Ltd. | 1412 | &nbsp;&nbsp; 119427 |
| Atlantic Union Bankshares Corp., Class B<sup>(b)</sup> | 4100 | &nbsp;&nbsp; 129970 |
| BancFirst Corp.<sup>(b)</sup> | 958 | &nbsp;&nbsp; 119290 |
| Bank First Corp.<sup>(b)</sup> | 284 | &nbsp;&nbsp; 33745 |
| Bank of America Corp. | 216691 | &nbsp;&nbsp; 10242984 |
| Bank of New York Mellon Corp. (The) | 20582 | &nbsp;&nbsp; 2088044 |
| Bank OZK | 3239 | &nbsp;&nbsp; 159683 |
| Bar Harbor Bankshares | 439 | &nbsp;&nbsp; 12749 |
| BlackRock, Inc. | 4457 | &nbsp;&nbsp; 4929487 |
| BOK Financial Corp.<sup>(b)</sup> | 1847 | &nbsp;&nbsp; 187526 |
| Brown & Brown, Inc. | 8247 | &nbsp;&nbsp; 753528 |
| Cadence Bank<sup>(b)</sup> | 5364 | &nbsp;&nbsp; 186935 |
| Capital City Bank Group, Inc. | 489 | &nbsp;&nbsp; 19359 |
| Cass Information Systems, Inc. | 383 | &nbsp;&nbsp; 15324 |
| Cboe Global Markets, Inc. | 3012 | &nbsp;&nbsp; 726012 |
| Chubb Ltd. | 11529 | &nbsp;&nbsp; 3067175 |
| Cincinnati Financial Corp. | 4496 | &nbsp;&nbsp; 663205 |
| City Holding Co.<sup>(b)</sup> | 415 | &nbsp;&nbsp; 50671 |
| Civista Bancshares, Inc. | 445 | &nbsp;&nbsp; 8664 |
| CME Group, Inc., Class A | 10367 | &nbsp;&nbsp; 2884929 |
| CNO Financial Group, Inc. | 2852 | &nbsp;&nbsp; 105068 |
| Cohen & Steers, Inc.<sup>(b)</sup> | 1467 | &nbsp;&nbsp; 107913 |
| Commerce Bancshares, Inc. | 3840 | &nbsp;&nbsp; 235008 |
| Community Financial System, Inc.<sup>(b)</sup> | 1520 | &nbsp;&nbsp; 80104 |
| Community Trust Bancorp, Inc. | 519 | &nbsp;&nbsp; 28016 |
| Cullen/Frost Bankers, Inc.<sup>(b)</sup> | 1848 | &nbsp;&nbsp; 235454 |
| Donegal Group, Inc., Class A | 880 | &nbsp;&nbsp; 15092 |
| Enterprise Financial Services Corp.<sup>(b)</sup> | 1064 | &nbsp;&nbsp; 58722 |
| Erie Indemnity Co., Class A | 1329 | &nbsp;&nbsp; 473443 |
| Evercore, Inc., Class A | 1113 | &nbsp;&nbsp; 335169 |
| FactSet Research Systems, Inc. | 1093 | &nbsp;&nbsp; 440370 |
| Federal Agricultural Mortgage Corp., Class C | 270 | &nbsp;&nbsp; 46513 |

---

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

------

**Invesco Dividend Achievers**<sup>TM</sup> **ETF (PFM)—(continued)**

July 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Financials-(continued)** | **Financials-(continued)** | **Financials-(continued)** |
| Fidelity National Financial, Inc.<sup>(b)</sup> | 7899 | &nbsp;&nbsp; $445741 |
| Fifth Third Bancorp | 19203 | &nbsp;&nbsp; 798269 |
| First American Financial Corp.<sup>(b)</sup> | 2960 | &nbsp;&nbsp; 177748 |
| First Business Financial Services, Inc. | 239 | &nbsp;&nbsp; 11381 |
| First Community Bankshares, Inc.<sup>(b)</sup> | 524 | &nbsp;&nbsp; 19126 |
| First Financial Bankshares, Inc.<sup>(b)</sup> | 4116 | &nbsp;&nbsp; 142496 |
| First Financial Corp. | 340 | &nbsp;&nbsp; 18207 |
| First Merchants Corp. | 1677 | &nbsp;&nbsp; 63927 |
| Franklin Resources, Inc. | 15117 | &nbsp;&nbsp; 362808 |
| German American Bancorp, Inc.<sup>(b)</sup> | 1080 | &nbsp;&nbsp; 41494 |
| Globe Life, Inc. | 2377 | &nbsp;&nbsp; 333897 |
| Goldman Sachs Group, Inc. (The) | 8827 | &nbsp;&nbsp; 6387129 |
| Hanover Insurance Group, Inc. (The) | 1035 | &nbsp;&nbsp; 177637 |
| Hartford Insurance Group, Inc. (The) | 8175 | &nbsp;&nbsp; 1016888 |
| Heritage Financial Corp. | 983 | &nbsp;&nbsp; 22157 |
| Home BancShares, Inc. | 5681 | &nbsp;&nbsp; 159977 |
| Horace Mann Educators Corp. | 1174 | &nbsp;&nbsp; 49930 |
| Independent Bank Corp.<sup>(b)</sup> | 1227 | &nbsp;&nbsp; 77976 |
| Independent Bank Corp. | 594 | &nbsp;&nbsp; 18147 |
| Intercontinental Exchange, Inc. | 16501 | &nbsp;&nbsp; 3049880 |
| International Bancshares Corp. | 1787 | &nbsp;&nbsp; 121838 |
| Jack Henry & Associates, Inc. | 2093 | &nbsp;&nbsp; 355423 |
| JPMorgan Chase & Co. | 79954 | &nbsp;&nbsp; 23685573 |
| Lakeland Financial Corp.<sup>(b)</sup> | 738 | &nbsp;&nbsp; 46767 |
| Main Street Capital Corp.<sup>(b)</sup> | 2563 | &nbsp;&nbsp; 165826 |
| MarketAxess Holdings, Inc. | 1080 | &nbsp;&nbsp; 221940 |
| Marsh & McLennan Cos., Inc. | 14177 | &nbsp;&nbsp; 2824058 |
| Mastercard, Inc., Class A | 25930 | &nbsp;&nbsp; 14688567 |
| Mercantile Bank Corp. | 465 | &nbsp;&nbsp; 21246 |
| MetLife, Inc. | 19312 | &nbsp;&nbsp; 1466746 |
| Moody's Corp. | 5178 | &nbsp;&nbsp; 2670450 |
| Morgan Stanley | 46157 | &nbsp;&nbsp; 6575526 |
| Morningstar, Inc. | 1216 | &nbsp;&nbsp; 336175 |
| MSCI, Inc. | 2228 | &nbsp;&nbsp; 1250710 |
| Nasdaq, Inc. | 16516 | &nbsp;&nbsp; 1589169 |
| NBT Bancorp, Inc.<sup>(b)</sup> | 1505 | &nbsp;&nbsp; 62277 |
| Nelnet, Inc., Class A<sup>(b)</sup> | 742 | &nbsp;&nbsp; 92579 |
| Northrim BanCorp, Inc. | 158 | &nbsp;&nbsp; 13198 |
| Old Republic International Corp. | 7111 | &nbsp;&nbsp; 257205 |
| PNC Financial Services Group, Inc. (The) | 11381 | &nbsp;&nbsp; 2165463 |
| Primerica, Inc.<sup>(b)</sup> | 947 | &nbsp;&nbsp; 251552 |
| Principal Financial Group, Inc. | 6448 | &nbsp;&nbsp; 501848 |
| Prosperity Bancshares, Inc.<sup>(b)</sup> | 2742 | &nbsp;&nbsp; 182672 |
| Prudential Financial, Inc. | 10185 | &nbsp;&nbsp; 1054962 |
| Raymond James Financial, Inc. | 5804 | &nbsp;&nbsp; 970022 |
| Regions Financial Corp. | 25863 | &nbsp;&nbsp; 655110 |
| Reinsurance Group of America, Inc. | 1900 | &nbsp;&nbsp; 365655 |
| RenaissanceRe Holdings Ltd. (Bermuda) | 1400 | &nbsp;&nbsp; 341236 |
| Republic Bancorp, Inc., Class A | 498 | &nbsp;&nbsp; 34292 |
| RLI Corp. | 2641 | &nbsp;&nbsp; 174280 |
| S&P Global, Inc. | 8823 | &nbsp;&nbsp; 4862355 |
| S&T Bancorp, Inc.<sup>(b)</sup> | 1104 | &nbsp;&nbsp; 40451 |
| SEI Investments Co. | 3579 | &nbsp;&nbsp; 315381 |
| Selective Insurance Group, Inc. | 1747 | &nbsp;&nbsp; 136214 |
| ServisFirst Bancshares, Inc.<sup>(b)</sup> | 1571 | &nbsp;&nbsp; 123559 |
| Simmons First National Corp., Class A<sup>(b)</sup> | 3621 | &nbsp;&nbsp; 69415 |
| Southern Missouri Bancorp, Inc.<sup>(b)</sup> | 324 | &nbsp;&nbsp; 17525 |
| Southside Bancshares, Inc.<sup>(b)</sup> | 871 | &nbsp;&nbsp; 25642 |
| SouthState Corp. | 2920 | &nbsp;&nbsp; 274976 |
| State Street Corp. | 8206 | &nbsp;&nbsp; 917020 |
| Stock Yards Bancorp, Inc.<sup>(b)</sup> | 850 | &nbsp;&nbsp; 63546 |
| T. Rowe Price Group, Inc. | 6337 | &nbsp;&nbsp; 642889 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Financials-(continued)** | **Financials-(continued)** | **Financials-(continued)** |
| Tompkins Financial Corp. | 414 | &nbsp;&nbsp; $26778 |
| Towne Bank<sup>(b)</sup> | 2167 | &nbsp;&nbsp; 75910 |
| Travelers Cos., Inc. (The) | 6516 | &nbsp;&nbsp; 1695724 |
| TriCo Bancshares<sup>(b)</sup> | 947 | &nbsp;&nbsp; 38941 |
| U.S. Bancorp | 44825 | &nbsp;&nbsp; 2015332 |
| UMB Financial Corp. | 2187 | &nbsp;&nbsp; 240548 |
| United Bankshares, Inc. | 4088 | &nbsp;&nbsp; 145206 |
| United Community Banks, Inc. | 3493 | &nbsp;&nbsp; 106536 |
| Unity Bancorp, Inc. | 288 | &nbsp;&nbsp; 14144 |
| Unum Group | 5014 | &nbsp;&nbsp; 360055 |
| Visa, Inc., Class A | 49225 | &nbsp;&nbsp; 17005761 |
| W.R. Berkley Corp. | 10916 | &nbsp;&nbsp; 751130 |
| WaFd, Inc.<sup>(b)</sup> | 2308 | &nbsp;&nbsp; 67174 |
| WesBanco, Inc.<sup>(b)</sup> | 2753 | &nbsp;&nbsp; 82948 |
| Westamerica Bancorporation | 756 | &nbsp;&nbsp; 36212 |
| Wintrust Financial Corp. | 1924 | &nbsp;&nbsp; 246233 |
| Zions Bancorporation N.A. | 4246 | &nbsp;&nbsp; 227671 |
|  |  | &nbsp;&nbsp; 145389842 |
| **Health Care-13.73%** | **Health Care-13.73%** | **Health Care-13.73%** |
| Abbott Laboratories | 50053 | &nbsp;&nbsp; 6316188 |
| AbbVie, Inc. | 50819 | &nbsp;&nbsp; 9605807 |
| Agilent Technologies, Inc. | 8204 | &nbsp;&nbsp; 941901 |
| Amgen, Inc. | 15472 | &nbsp;&nbsp; 4565787 |
| Becton, Dickinson and Co. | 8247 | &nbsp;&nbsp; 1470028 |
| Bristol-Myers Squibb Co. | 58548 | &nbsp;&nbsp; 2535714 |
| Cardinal Health, Inc. | 6868 | &nbsp;&nbsp; 1066051 |
| Cencora, Inc. | 5577 | &nbsp;&nbsp; 1595468 |
| Chemed Corp. | 419 | &nbsp;&nbsp; 172754 |
| Danaher Corp. | 20589 | &nbsp;&nbsp; 4059327 |
| Elevance Health, Inc. | 6498 | &nbsp;&nbsp; 1839454 |
| Eli Lilly and Co. | 27267 | &nbsp;&nbsp; 20179489 |
| Ensign Group, Inc. (The)<sup>(b)</sup> | 1653 | &nbsp;&nbsp; 247950 |
| Johnson & Johnson | 69224 | &nbsp;&nbsp; 11403962 |
| LeMaitre Vascular, Inc.<sup>(b)</sup> | 648 | &nbsp;&nbsp; 52644 |
| McKesson Corp. | 3597 | &nbsp;&nbsp; 2494663 |
| Medtronic PLC | 36889 | &nbsp;&nbsp; 3328863 |
| Merck & Co., Inc. | 72244 | &nbsp;&nbsp; 5643701 |
| National HealthCare Corp. | 444 | &nbsp;&nbsp; 42637 |
| Perrigo Co. PLC | 3957 | &nbsp;&nbsp; 105533 |
| Pfizer, Inc. | 163570 | &nbsp;&nbsp; 3809545 |
| Quest Diagnostics, Inc. | 3211 | &nbsp;&nbsp; 537554 |
| ResMed, Inc. | 4219 | &nbsp;&nbsp; 1147315 |
| STERIS PLC | 2830 | &nbsp;&nbsp; 640967 |
| Stryker Corp. | 10997 | &nbsp;&nbsp; 4318852 |
| UnitedHealth Group, Inc. | 26099 | &nbsp;&nbsp; 6513266 |
| West Pharmaceutical Services, Inc. | 2065 | &nbsp;&nbsp; 494072 |
| Zoetis, Inc. | 12810 | &nbsp;&nbsp; 1867570 |
|  |  | &nbsp;&nbsp; 96997062 |
| **Industrials-11.23%** | **Industrials-11.23%** | **Industrials-11.23%** |
| A.O. Smith Corp. | 3343 | &nbsp;&nbsp; 236651 |
| ABM Industries, Inc. | 1789 | &nbsp;&nbsp; 82527 |
| Advanced Drainage Systems, Inc. | 2234 | &nbsp;&nbsp; 256352 |
| AGCO Corp. | 2143 | &nbsp;&nbsp; 252810 |
| Air Lease Corp., Class A | 3214 | &nbsp;&nbsp; 178056 |
| Alamo Group, Inc.<sup>(b)</sup> | 347 | &nbsp;&nbsp; 77235 |
| Allegion PLC | 2477 | &nbsp;&nbsp; 410984 |
| Apogee Enterprises, Inc.<sup>(b)</sup> | 619 | &nbsp;&nbsp; 25992 |
| Applied Industrial Technologies, Inc. | 1097 | &nbsp;&nbsp; 297836 |
| Automatic Data Processing, Inc. | 11678 | &nbsp;&nbsp; 3614341 |
| Booz Allen Hamilton Holding Corp. | 3571 | &nbsp;&nbsp; 383275 |
| Brady Corp., Class A<sup>(b)</sup> | 1260 | &nbsp;&nbsp; 88918 |

---

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

------

**Invesco Dividend Achievers**<sup>TM</sup> **ETF (PFM)—(continued)**

July 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Industrials-(continued)** | **Industrials-(continued)** | **Industrials-(continued)** |
| Broadridge Financial Solutions, Inc. | 3378 | &nbsp;&nbsp; $836089 |
| C.H. Robinson Worldwide, Inc. | 3414 | &nbsp;&nbsp; 393702 |
| Carlisle Cos., Inc. | 1245 | &nbsp;&nbsp; 441614 |
| Caterpillar, Inc. | 13529 | &nbsp;&nbsp; 5925973 |
| Cintas Corp. | 11617 | &nbsp;&nbsp; 2585363 |
| Comfort Systems USA, Inc. | 1016 | &nbsp;&nbsp; 714553 |
| CSG Systems International, Inc.<sup>(b)</sup> | 836 | &nbsp;&nbsp; 52217 |
| CSX Corp. | 54045 | &nbsp;&nbsp; 1920759 |
| Cummins, Inc. | 3965 | &nbsp;&nbsp; 1457613 |
| Donaldson Co., Inc. | 3437 | &nbsp;&nbsp; 247361 |
| Dover Corp. | 3946 | &nbsp;&nbsp; 714778 |
| Eaton Corp. PLC | 11259 | &nbsp;&nbsp; 4331562 |
| Emerson Electric Co. | 16182 | &nbsp;&nbsp; 2354643 |
| Expeditors International of Washington, Inc. | 3941 | &nbsp;&nbsp; 458102 |
| Exponent, Inc. | 1460 | &nbsp;&nbsp; 100682 |
| Fastenal Co. | 33007 | &nbsp;&nbsp; 1522613 |
| Franklin Electric Co., Inc. | 1312 | &nbsp;&nbsp; 123262 |
| GATX Corp.<sup>(b)</sup> | 1029 | &nbsp;&nbsp; 157118 |
| General Dynamics Corp. | 7720 | &nbsp;&nbsp; 2405629 |
| Gorman-Rupp Co. (The) | 759 | &nbsp;&nbsp; 31240 |
| Graco, Inc. | 4807 | &nbsp;&nbsp; 403692 |
| Griffon Corp. | 1353 | &nbsp;&nbsp; 109958 |
| HEICO Corp.<sup>(b)</sup> | 1583 | &nbsp;&nbsp; 517324 |
| Hillenbrand, Inc.<sup>(b)</sup> | 2025 | &nbsp;&nbsp; 41938 |
| HNI Corp.<sup>(b)</sup> | 1340 | &nbsp;&nbsp; 68930 |
| Honeywell International, Inc. | 18491 | &nbsp;&nbsp; 4111474 |
| Hubbell, Inc. | 1535 | &nbsp;&nbsp; 671532 |
| Huntington Ingalls Industries, Inc. | 1130 | &nbsp;&nbsp; 315112 |
| Hyster-Yale, Inc.<sup>(b)</sup> | 409 | &nbsp;&nbsp; 17182 |
| IDEX Corp. | 2171 | &nbsp;&nbsp; 354980 |
| Illinois Tool Works, Inc. | 8431 | &nbsp;&nbsp; 2158083 |
| Insperity, Inc. | 1084 | &nbsp;&nbsp; 64585 |
| ITT, Inc. | 2266 | &nbsp;&nbsp; 385129 |
| J.B. Hunt Transport Services, Inc. | 2854 | &nbsp;&nbsp; 411119 |
| Kadant, Inc.<sup>(b)</sup> | 338 | &nbsp;&nbsp; 112476 |
| L3Harris Technologies, Inc. | 5380 | &nbsp;&nbsp; 1478532 |
| Landstar System, Inc. | 1007 | &nbsp;&nbsp; 134304 |
| Lennox International, Inc. | 1022 | &nbsp;&nbsp; 622398 |
| Lincoln Electric Holdings, Inc. | 1606 | &nbsp;&nbsp; 391061 |
| Lindsay Corp. | 312 | &nbsp;&nbsp; 42591 |
| Lockheed Martin Corp. | 6742 | &nbsp;&nbsp; 2838247 |
| Masco Corp. | 6068 | &nbsp;&nbsp; 413413 |
| Matson, Inc. | 941 | &nbsp;&nbsp; 100480 |
| Matthews International Corp., Class A<sup>(b)</sup> | 894 | &nbsp;&nbsp; 21000 |
| MSA Safety, Inc. | 1132 | &nbsp;&nbsp; 201349 |
| Mueller Water Products, Inc., Class A | 4507 | &nbsp;&nbsp; 111593 |
| Nordson Corp.<sup>(b)</sup> | 1625 | &nbsp;&nbsp; 348091 |
| Northrop Grumman Corp. | 4142 | &nbsp;&nbsp; 2388319 |
| Oshkosh Corp. | 1851 | &nbsp;&nbsp; 234207 |
| Owens Corning | 2449 | &nbsp;&nbsp; 341464 |
| Paychex, Inc. | 10362 | &nbsp;&nbsp; 1495547 |
| Republic Services, Inc. | 8990 | &nbsp;&nbsp; 2073544 |
| Robert Half, Inc.<sup>(b)</sup> | 2939 | &nbsp;&nbsp; 108478 |
| Rockwell Automation, Inc. | 3242 | &nbsp;&nbsp; 1140244 |
| RTX Corp. | 38433 | &nbsp;&nbsp; 6055888 |
| Ryder System, Inc. | 1190 | &nbsp;&nbsp; 211475 |
| Simpson Manufacturing Co., Inc.<sup>(b)</sup> | 1204 | &nbsp;&nbsp; 216034 |
| Snap-on, Inc. | 1504 | &nbsp;&nbsp; 483070 |
| Standex International Corp. | 346 | &nbsp;&nbsp; 57000 |
| Stanley Black & Decker, Inc.<sup>(b)</sup> | 4451 | &nbsp;&nbsp; 301110 |
| Tennant Co.<sup>(b)</sup> | 535 | &nbsp;&nbsp; 44159 |
| Tetra Tech, Inc. | 7580 | &nbsp;&nbsp; 278489 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Industrials-(continued)** | **Industrials-(continued)** | **Industrials-(continued)** |
| Timken Co. (The) | 2011 | &nbsp;&nbsp; $153017 |
| Toro Co. (The) | 2872 | &nbsp;&nbsp; 213246 |
| Trane Technologies PLC | 6414 | &nbsp;&nbsp; 2809845 |
| Trinity Industries, Inc. | 2350 | &nbsp;&nbsp; 54755 |
| UFP Industries, Inc.<sup>(b)</sup> | 1737 | &nbsp;&nbsp; 170226 |
| Union Pacific Corp. | 17190 | &nbsp;&nbsp; 3815664 |
| United Parcel Service, Inc., Class B | 21112 | &nbsp;&nbsp; 1819010 |
| W.W. Grainger, Inc. | 1382 | &nbsp;&nbsp; 1436644 |
| Waste Management, Inc. | 11577 | &nbsp;&nbsp; 2652985 |
| Watsco, Inc.<sup>(b)</sup> | 1005 | &nbsp;&nbsp; 453134 |
| Watts Water Technologies, Inc., Class A | 791 | &nbsp;&nbsp; 207495 |
| Xylem, Inc. | 7002 | &nbsp;&nbsp; 1012629 |
|  |  | &nbsp;&nbsp; 79354101 |
| **Information Technology-24.17%** | **Information Technology-24.17%** | **Information Technology-24.17%** |
| Accenture PLC, Class A (Ireland) | 18009 | &nbsp;&nbsp; 4810204 |
| Amphenol Corp., Class A | 34800 | &nbsp;&nbsp; 3706548 |
| Analog Devices, Inc. | 14278 | &nbsp;&nbsp; 3207267 |
| Apple, Inc. | 135263 | &nbsp;&nbsp; 28076541 |
| Avnet, Inc. | 2414 | &nbsp;&nbsp; 127797 |
| Badger Meter, Inc. | 849 | &nbsp;&nbsp; 160257 |
| Broadcom, Inc. | 112238 | &nbsp;&nbsp; 32964301 |
| CDW Corp. | 3791 | &nbsp;&nbsp; 661075 |
| Cisco Systems, Inc. | 113927 | &nbsp;&nbsp; 7756150 |
| Dolby Laboratories, Inc., Class A | 1766 | &nbsp;&nbsp; 133050 |
| HP, Inc. | 27025 | &nbsp;&nbsp; 670220 |
| International Business Machines Corp. | 26737 | &nbsp;&nbsp; 6768472 |
| Intuit, Inc. | 8028 | &nbsp;&nbsp; 6303024 |
| KLA Corp. | 3806 | &nbsp;&nbsp; 3345588 |
| Lam Research Corp. | 36798 | &nbsp;&nbsp; 3489922 |
| Littelfuse, Inc.<sup>(b)</sup> | 709 | &nbsp;&nbsp; 182447 |
| Microchip Technology, Inc. | 15520 | &nbsp;&nbsp; 1048997 |
| Microsoft Corp. | 59031 | &nbsp;&nbsp; 31493038 |
| Motorola Solutions, Inc. | 4801 | &nbsp;&nbsp; 2107543 |
| Oracle Corp. | 80680 | &nbsp;&nbsp; 20474164 |
| Power Integrations, Inc.<sup>(b)</sup> | 1619 | &nbsp;&nbsp; 78554 |
| QUALCOMM, Inc. | 31591 | &nbsp;&nbsp; 4636295 |
| Roper Technologies, Inc. | 3093 | &nbsp;&nbsp; 1702387 |
| Skyworks Solutions, Inc. | 4319 | &nbsp;&nbsp; 296024 |
| TE Connectivity PLC (Switzerland) | 8532 | &nbsp;&nbsp; 1755459 |
| Texas Instruments, Inc. | 26137 | &nbsp;&nbsp; 4732365 |
|  |  | &nbsp;&nbsp; 170687689 |
| **Materials-2.84%** | **Materials-2.84%** | **Materials-2.84%** |
| Air Products and Chemicals, Inc. | 6401 | &nbsp;&nbsp; 1842720 |
| Albemarle Corp.<sup>(b)</sup> | 3383 | &nbsp;&nbsp; 229536 |
| AptarGroup, Inc. | 1898 | &nbsp;&nbsp; 298252 |
| Ashland, Inc.<sup>(b)</sup> | 1315 | &nbsp;&nbsp; 67801 |
| Avery Dennison Corp. | 2251 | &nbsp;&nbsp; 377650 |
| Avient Corp. | 2634 | &nbsp;&nbsp; 83155 |
| Balchem Corp. | 940 | &nbsp;&nbsp; 143322 |
| Cabot Corp. | 1545 | &nbsp;&nbsp; 111518 |
| Eastman Chemical Co. | 3320 | &nbsp;&nbsp; 241065 |
| Ecolab, Inc. | 8159 | &nbsp;&nbsp; 2135700 |
| H.B. Fuller Co. | 1559 | &nbsp;&nbsp; 87616 |
| Hawkins, Inc.<sup>(b)</sup> | 596 | &nbsp;&nbsp; 97315 |
| Innospec, Inc. | 716 | &nbsp;&nbsp; 57208 |
| Linde PLC | 13541 | &nbsp;&nbsp; 6232381 |
| LyondellBasell Industries N.V., Class A | 9245 | &nbsp;&nbsp; 535563 |
| Materion Corp. | 597 | &nbsp;&nbsp; 62864 |
| Nucor Corp. | 6641 | &nbsp;&nbsp; 950128 |
| PPG Industries, Inc. | 6528 | &nbsp;&nbsp; 688704 |
| Quaker Chemical Corp.<sup>(b)</sup> | 507 | &nbsp;&nbsp; 58011 |

---

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

------

**Invesco Dividend Achievers**<sup>TM</sup> **ETF (PFM)—(continued)**

July 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Materials-(continued)** | **Materials-(continued)** | **Materials-(continued)** |
| Reliance, Inc. | 1513 | &nbsp;&nbsp; $438967 |
| Royal Gold, Inc. | 1892 | &nbsp;&nbsp; 286487 |
| RPM International, Inc. | 3697 | &nbsp;&nbsp; 434065 |
| Sherwin-Williams Co. (The) | 7210 | &nbsp;&nbsp; 2385645 |
| Silgan Holdings, Inc. | 3078 | &nbsp;&nbsp; 143219 |
| Sonoco Products Co. | 2838 | &nbsp;&nbsp; 127909 |
| Steel Dynamics, Inc. | 4271 | &nbsp;&nbsp; 544809 |
| Stepan Co. | 647 | &nbsp;&nbsp; 32848 |
| Vulcan Materials Co. | 3803 | &nbsp;&nbsp; 1044570 |
| Westlake Corp.<sup>(b)</sup> | 3692 | &nbsp;&nbsp; 292775 |
|  |  | &nbsp;&nbsp; 20031803 |
| **Real Estate-1.63%** | **Real Estate-1.63%** | **Real Estate-1.63%** |
| Agree Realty Corp. | 3164 | &nbsp;&nbsp; 226859 |
| Alexandria Real Estate Equities, Inc. | 4975 | &nbsp;&nbsp; 380239 |
| American Tower Corp. | 13467 | &nbsp;&nbsp; 2806388 |
| CareTrust REIT, Inc. | 5516 | &nbsp;&nbsp; 175409 |
| CubeSmart | 6561 | &nbsp;&nbsp; 255289 |
| EastGroup Properties, Inc. | 1511 | &nbsp;&nbsp; 246656 |
| Equity LifeStyle Properties, Inc. | 5502 | &nbsp;&nbsp; 329680 |
| Essex Property Trust, Inc.<sup>(b)</sup> | 1851 | &nbsp;&nbsp; 481593 |
| First Industrial Realty Trust, Inc. | 3811 | &nbsp;&nbsp; 185672 |
| Getty Realty Corp.<sup>(b)</sup> | 1595 | &nbsp;&nbsp; 44325 |
| Gladstone Land Corp. | 1042 | &nbsp;&nbsp; 9586 |
| Mid-America Apartment Communities, Inc. | 3366 | &nbsp;&nbsp; 479419 |
| NNN REIT, Inc. | 5409 | &nbsp;&nbsp; 223175 |
| Prologis, Inc., REIT | 26694 | &nbsp;&nbsp; 2850385 |
| Realty Income Corp., REIT | 25982 | &nbsp;&nbsp; 1458370 |
| Regency Centers Corp. | 5225 | &nbsp;&nbsp; 373065 |
| Rexford Industrial Realty, Inc.<sup>(b)</sup> | 6811 | &nbsp;&nbsp; 248806 |
| STAG Industrial, Inc. | 5370 | &nbsp;&nbsp; 184352 |
| Terreno Realty Corp.<sup>(b)</sup> | 2972 | &nbsp;&nbsp; 164916 |
| UDR, Inc. | 9534 | &nbsp;&nbsp; 374591 |
| Universal Health Realty Income Trust<sup>(b)</sup> | 397 | &nbsp;&nbsp; 15400 |
|  |  | &nbsp;&nbsp; 11514175 |
| **Utilities-4.16%** | **Utilities-4.16%** | **Utilities-4.16%** |
| AES Corp. (The) | 20481 | &nbsp;&nbsp; 269325 |
| Alliant Energy Corp. | 7390 | &nbsp;&nbsp; 480424 |
| Ameren Corp. | 7774 | &nbsp;&nbsp; 786185 |
| American Electric Power Co., Inc. | 15371 | &nbsp;&nbsp; 1739075 |
| American States Water Co. | 1109 | &nbsp;&nbsp; 81611 |
| American Water Works Co., Inc. | 5611 | &nbsp;&nbsp; 786887 |
| Artesian Resources Corp., Class A<sup>(b)</sup> | 270 | &nbsp;&nbsp; 8816 |
| Atmos Energy Corp. | 4569 | &nbsp;&nbsp; 712398 |
| Avista Corp.<sup>(b)</sup> | 2320 | &nbsp;&nbsp; 86536 |
| Black Hills Corp. | 2084 | &nbsp;&nbsp; 120414 |
| &nbsp;&nbsp;&nbsp; Brookfield Infrastructure Partners L.P. <br> (Canada)<br>| 13287 | &nbsp;&nbsp; 414554 |
| Brookfield Renewable Partners L.P. (Canada) | 8176 | &nbsp;&nbsp; 225249 |
| California Water Service Group | 1713 | &nbsp;&nbsp; 77890 |
| Chesapeake Utilities Corp. | 669 | &nbsp;&nbsp; 80200 |
| CMS Energy Corp. | 8606 | &nbsp;&nbsp; 635123 |
| Consolidated Edison, Inc. | 10365 | &nbsp;&nbsp; 1072777 |
| DTE Energy Co. | 5970 | &nbsp;&nbsp; 826308 |
| Duke Energy Corp. | 22360 | &nbsp;&nbsp; 2719870 |
| Edison International | 11072 | &nbsp;&nbsp; 577073 |
| Entergy Corp. | 12396 | &nbsp;&nbsp; 1120970 |
| Essential Utilities, Inc. | 8068 | &nbsp;&nbsp; 296902 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Utilities-(continued)** | **Utilities-(continued)** | **Utilities-(continued)** |
| Evergy, Inc. | 6622 | &nbsp;&nbsp; $468838 |
| Eversource Energy | 10568 | &nbsp;&nbsp; 698545 |
| H2O America | 985 | &nbsp;&nbsp; 47566 |
| IDACORP, Inc.<sup>(b)</sup> | 1554 | &nbsp;&nbsp; 194763 |
| MGE Energy, Inc.<sup>(b)</sup> | 1053 | &nbsp;&nbsp; 89442 |
| Middlesex Water Co. | 514 | &nbsp;&nbsp; 26522 |
| National Fuel Gas Co. | 2600 | &nbsp;&nbsp; 225654 |
| New Jersey Resources Corp.<sup>(b)</sup> | 2888 | &nbsp;&nbsp; 132588 |
| NextEra Energy, Inc. | 59228 | &nbsp;&nbsp; 4208742 |
| NiSource, Inc. | 13540 | &nbsp;&nbsp; 574773 |
| Northwest Natural Holding Co. | 1161 | &nbsp;&nbsp; 46347 |
| NorthWestern Energy Group, Inc. | 1765 | &nbsp;&nbsp; 94780 |
| OGE Energy Corp. | 5792 | &nbsp;&nbsp; 263073 |
| ONE Gas, Inc.<sup>(b)</sup> | 1723 | &nbsp;&nbsp; 125262 |
| Otter Tail Corp.<sup>(b)</sup> | 1206 | &nbsp;&nbsp; 93079 |
| Pinnacle West Capital Corp. | 3433 | &nbsp;&nbsp; 311098 |
| Portland General Electric Co. | 3150 | &nbsp;&nbsp; 129528 |
| Public Service Enterprise Group, Inc. | 14357 | &nbsp;&nbsp; 1289115 |
| Sempra | 18763 | &nbsp;&nbsp; 1532562 |
| Southern Co. (The) | 31621 | &nbsp;&nbsp; 2987552 |
| Spire, Inc. | 1697 | &nbsp;&nbsp; 126376 |
| TXNM Energy, Inc. | 2667 | &nbsp;&nbsp; 151459 |
| UGI Corp.<sup>(b)</sup> | 6168 | &nbsp;&nbsp; 223158 |
| Unitil Corp. | 466 | &nbsp;&nbsp; 24036 |
| WEC Energy Group, Inc. | 9180 | &nbsp;&nbsp; 1001354 |
| Xcel Energy, Inc. | 16591 | &nbsp;&nbsp; 1218443 |
| York Water Co. (The) | 413 | &nbsp;&nbsp; 12497 |
|  |  | &nbsp;&nbsp; 29415739 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $509,934,876) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $509,934,876) | &nbsp;&nbsp; 705547762 |
| **Money Market Funds-0.12%** | **Money Market Funds-0.12%** | **Money Market Funds-0.12%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 4.25%<sup>(c)(d)</sup> <br>(Cost $868,779)<br>| 868779 | &nbsp;&nbsp; 868779 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.01% <br>(Cost $510,803,655) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.01% <br>(Cost $510,803,655) | &nbsp;&nbsp; 706416541 |
| **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-1.23%** | **Money Market Funds-1.23%** | **Money Market Funds-1.23%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 4.32%<sup>(c)(d)(e)</sup><br>| 2399402 | &nbsp;&nbsp; 2399402 |
| Invesco Private Prime Fund, 4.46%<sup>(c)(d)(e)</sup> | 6249624 | &nbsp;&nbsp; 6250874 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $8,650,276) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $8,650,276) | &nbsp;&nbsp; 8650276 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-101.24% <br>(Cost $519,453,931) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-101.24% <br>(Cost $519,453,931) | &nbsp;&nbsp; 715066817 |
| OTHER ASSETS LESS LIABILITIES-(1.24)% | OTHER ASSETS LESS LIABILITIES-(1.24)% | &nbsp;&nbsp; (8742994)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $706323823 |

---

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

------

**Invesco Dividend Achievers**<sup>TM</sup> **ETF (PFM)—(continued)**

July 31, 2025

*(Unaudited)*

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

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

---

| | |
|:---|:---|
| Notes to Schedule of Investments: | Notes to Schedule of Investments: |
| <sup>(a)</sup> | Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is <br> the exclusive property and a service mark of MSCI Inc. and Standard & Poor's.<br>|
| <sup>(b)</sup> | All or a portion of this security was out on loan at July 31, 2025. |
| <sup>(c)</sup> | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in <br> which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund's transactions in, and earnings from, its investments in <br> affiliates for the three months ended July 31, 2025.<br>|

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**April 30, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Value** <br>**July 31, 2025**<br>| **Dividend Income** |
| **Investments in Affiliated Money** <br> **Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & Agency <br> Portfolio, Institutional Class<br>| &nbsp;&nbsp;&nbsp; $766849 | &nbsp;&nbsp;&nbsp; $4160577 | &nbsp;&nbsp;&nbsp; $(4058647)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $868779 | &nbsp;&nbsp;&nbsp; $7991 |
| **Investments Purchased with** <br> **Cash Collateral from Securities** <br> **on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private Government Fund | &nbsp;&nbsp;&nbsp; 3748139 | &nbsp;&nbsp;&nbsp; 10399582 | &nbsp;&nbsp;&nbsp; (11748319)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 2399402 | &nbsp;&nbsp;&nbsp; 32,338<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp; 9743106 | &nbsp;&nbsp;&nbsp; 19042045 | &nbsp;&nbsp;&nbsp; (22534230)<br>| &nbsp;&nbsp;&nbsp; 451 | &nbsp;&nbsp;&nbsp; (498)<br>| &nbsp;&nbsp;&nbsp; 6250874 | &nbsp;&nbsp;&nbsp; 88,083<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $14258094 | &nbsp;&nbsp;&nbsp; $33602204 | &nbsp;&nbsp;&nbsp; $(38341196)<br>| &nbsp;&nbsp;&nbsp; $451 | &nbsp;&nbsp;&nbsp; $(498)<br>| &nbsp;&nbsp;&nbsp; $9519055 | &nbsp;&nbsp;&nbsp; $128412 |

---

&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 July 31, 2025. <br> <sup>(e)</sup> The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower's return of the securities loaned.

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

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

------

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

**Invesco Dow Jones Industrial Average Dividend ETF (DJD)**

July 31, 2025

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-99.71%** | **Common Stocks & Other Equity Interests-99.71%** | **Common Stocks & Other Equity Interests-99.71%** |
| **Communication Services-12.64%** | **Communication Services-12.64%** | **Communication Services-12.64%** |
| Verizon Communications, Inc. | 902364 | &nbsp;&nbsp; $38585085 |
| Walt Disney Co. (The) | 55517 | &nbsp;&nbsp; 6612630 |
|  |  | &nbsp;&nbsp; 45197715 |
| **Consumer Discretionary-11.93%** | **Consumer Discretionary-11.93%** | **Consumer Discretionary-11.93%** |
| Home Depot, Inc. (The) | 41284 | &nbsp;&nbsp; 15172283 |
| McDonald's Corp. | 47885 | &nbsp;&nbsp; 14368852 |
| NIKE, Inc., Class B | 175767 | &nbsp;&nbsp; 13128037 |
|  |  | &nbsp;&nbsp; 42669172 |
| **Consumer Staples-10.46%** | **Consumer Staples-10.46%** | **Consumer Staples-10.46%** |
| Coca-Cola Co. (The) | 259003 | &nbsp;&nbsp; 17583714 |
| Procter & Gamble Co. (The) | 86213 | &nbsp;&nbsp; 12972470 |
| Walmart, Inc. | 69840 | &nbsp;&nbsp; 6842923 |
|  |  | &nbsp;&nbsp; 37399107 |
| **Energy-7.28%** | **Energy-7.28%** | **Energy-7.28%** |
| Chevron Corp. | 171720 | &nbsp;&nbsp; 26039621 |
| **Financials-14.57%** | **Financials-14.57%** | **Financials-14.57%** |
| American Express Co. | 21897 | &nbsp;&nbsp; 6553991 |
| Goldman Sachs Group, Inc. (The) | 22270 | &nbsp;&nbsp; 16114349 |
| JPMorgan Chase & Co. | 50821 | &nbsp;&nbsp; 15055213 |
| Travelers Cos., Inc. (The) | 38943 | &nbsp;&nbsp; 10134526 |
| Visa, Inc., Class A | 12254 | &nbsp;&nbsp; 4233390 |
|  |  | &nbsp;&nbsp; 52091469 |
| **Health Care-17.05%** | **Health Care-17.05%** | **Health Care-17.05%** |
| Amgen, Inc. | 61594 | &nbsp;&nbsp; 18176389 |
| Johnson & Johnson | 115435 | &nbsp;&nbsp; 19016762 |
| Merck & Co., Inc. | 232225 | &nbsp;&nbsp; 18141417 |
| UnitedHealth Group, Inc. | 22636 | &nbsp;&nbsp; 5649040 |
|  |  | &nbsp;&nbsp; 60983608 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Industrials-10.90%** | **Industrials-10.90%** | **Industrials-10.90%** |
| 3M Co. | 78253 | &nbsp;&nbsp; $11676913 |
| Caterpillar, Inc. | 30191 | &nbsp;&nbsp; 13224262 |
| Honeywell International, Inc. | 63376 | &nbsp;&nbsp; 14091653 |
|  |  | &nbsp;&nbsp; 38992828 |
| **Information Technology-13.41%** | **Information Technology-13.41%** | **Information Technology-13.41%** |
| Apple, Inc. | 12102 | &nbsp;&nbsp; 2512012 |
| Cisco Systems, Inc. | 264383 | &nbsp;&nbsp; 17999195 |
| International Business Machines Corp. | 66626 | &nbsp;&nbsp; 16866372 |
| Microsoft Corp. | 13458 | &nbsp;&nbsp; 7179843 |
| NVIDIA Corp. | 1632 | &nbsp;&nbsp; 290284 |
| Salesforce, Inc. | 11986 | &nbsp;&nbsp; 3096343 |
|  |  | &nbsp;&nbsp; 47944049 |
| **Materials-1.47%** | **Materials-1.47%** | **Materials-1.47%** |
| Sherwin-Williams Co. (The) | 15914 | &nbsp;&nbsp; 5265624 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $322,490,120) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $322,490,120) | &nbsp;&nbsp; 356583193 |
| **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, 4.25%<sup>(b)(c)</sup> <br>(Cost $277,035)<br>| 277035 | &nbsp;&nbsp; 277035 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-99.79% <br>(Cost $322,767,155) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-99.79% <br>(Cost $322,767,155) | &nbsp;&nbsp; 356860228 |
| OTHER ASSETS LESS LIABILITIES-0.21% | OTHER ASSETS LESS LIABILITIES-0.21% | &nbsp;&nbsp; 743068 |
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $357603296 |

---

&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> | 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 July 31, 2025.<br>|

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**April 30, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain**<br>| **Value** <br>**July 31, 2025**<br>| **Dividend Income** |
| **Investments in Affiliated Money** <br> **Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & Agency <br> Portfolio, Institutional Class<br>| &nbsp;&nbsp;&nbsp; $385164 | &nbsp;&nbsp;&nbsp; $2936327 | &nbsp;&nbsp;&nbsp; $(3044456)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $277035 | &nbsp;&nbsp;&nbsp; $3524 |
| **Investments Purchased with** <br> **Cash Collateral from Securities** <br> **on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private Government Fund | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 11677480 | &nbsp;&nbsp;&nbsp; (11677480)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 1,573<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 30025986 | &nbsp;&nbsp;&nbsp; (30025986)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 4,176<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $385164 | &nbsp;&nbsp;&nbsp; $44639793 | &nbsp;&nbsp;&nbsp; $(44747922)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $277035 | &nbsp;&nbsp;&nbsp; $9273 |

---

&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>(c)</sup> The rate shown is the 7-day SEC standardized yield as of July 31, 2025.

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 Financial Preferred ETF (PGF)**

July 31, 2025

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Preferred Stocks-100.06%** | **Preferred Stocks-100.06%** | **Preferred Stocks-100.06%** |
| **Banks-52.61%** | **Banks-52.61%** | **Banks-52.61%** |
| Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Series PP, Pfd., 4.13%<sup>(b)</sup> | 422691 | &nbsp;&nbsp; $7118116 |
| &nbsp;&nbsp;&nbsp; Series QQ, Pfd., 4.25%<sup>(b)</sup> | 600854 | &nbsp;&nbsp; 10599065 |
| &nbsp;&nbsp;&nbsp; Series NN, Pfd., 4.38% | 497889 | &nbsp;&nbsp; 8867403 |
| &nbsp;&nbsp;&nbsp; Series SS, Pfd., 4.75%<sup>(b)</sup> | 317061 | &nbsp;&nbsp; 6204884 |
| &nbsp;&nbsp;&nbsp; Series LL, Pfd., 5.00%<sup>(b)</sup> | 602800 | &nbsp;&nbsp; 12327260 |
| &nbsp;&nbsp;&nbsp; Series KK, Pfd., 5.38%<sup>(b)</sup> | 640142 | &nbsp;&nbsp; 14038314 |
| &nbsp;&nbsp;&nbsp; Series HH, Pfd., 5.88%<sup>(b)</sup> | 394298 | &nbsp;&nbsp; 9672130 |
| &nbsp;&nbsp;&nbsp; Series GG, Pfd., 6.00%<sup>(b)</sup> | 625469 | &nbsp;&nbsp; 15774328 |
| Bank OZK, Series A, Pfd., 4.63%<sup>(b)</sup> | 229630 | &nbsp;&nbsp; 4030007 |
| Citizens Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Series E, Pfd., 5.00%<sup>(b)</sup> | 295238 | &nbsp;&nbsp; 5919522 |
| &nbsp;&nbsp;&nbsp; Pfd., 7.38%<sup>(b)</sup> | 262435 | &nbsp;&nbsp; 6946654 |
| Fifth Third Bancorp, Series K, Pfd., 4.95%<sup>(b)</sup> | 162086 | &nbsp;&nbsp; 3279000 |
| &nbsp;&nbsp;&nbsp; First Citizens BancShares, Inc., Series A, Pfd., <br> 5.38%<sup>(b)</sup><br>| 226349 | &nbsp;&nbsp; 4821234 |
| &nbsp;&nbsp;&nbsp; Flagstar Financial, Inc., Series A, Pfd., <br> 6.38%<sup>(b)(c)</sup><br>| 337884 | &nbsp;&nbsp; 7051639 |
| Huntington Bancshares, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Series H, Pfd., 4.50%<sup>(b)</sup> | 328043 | &nbsp;&nbsp; 5875250 |
| &nbsp;&nbsp;&nbsp; Series J, Pfd., 6.88%<sup>(c)</sup> | 213228 | &nbsp;&nbsp; 5462901 |
| JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp; Series MM, Pfd., 4.20%<sup>(b)</sup> | 926487 | &nbsp;&nbsp; 16917653 |
| &nbsp;&nbsp;&nbsp; Series JJ, Pfd., 4.55%<sup>(b)</sup> | 693092 | &nbsp;&nbsp; 13411330 |
| &nbsp;&nbsp;&nbsp; Series LL, Pfd., 4.63%<sup>(b)</sup> | 856999 | &nbsp;&nbsp; 16891450 |
| &nbsp;&nbsp;&nbsp; Series GG, Pfd., 4.75%<sup>(b)</sup> | 415802 | &nbsp;&nbsp; 8465729 |
| &nbsp;&nbsp;&nbsp; Series DD, Pfd., 5.75%<sup>(b)</sup> | 785776 | &nbsp;&nbsp; 19691547 |
| &nbsp;&nbsp;&nbsp; Series EE, Pfd., 6.00%<sup>(b)</sup> | 856999 | &nbsp;&nbsp; 21853473 |
| KeyCorp |  |  |
| &nbsp;&nbsp;&nbsp; Series G, Pfd., 5.63%<sup>(b)</sup> | 295238 | &nbsp;&nbsp; 6530665 |
| &nbsp;&nbsp;&nbsp; Series F, Pfd., 5.65% | 278837 | &nbsp;&nbsp; 6165086 |
| &nbsp;&nbsp;&nbsp; Series E, Pfd., 6.13%<sup>(c)</sup> | 328043 | &nbsp;&nbsp; 8187953 |
| &nbsp;&nbsp;&nbsp; Pfd., 6.20%<sup>(b)(c)</sup> | 393651 | &nbsp;&nbsp; 9809783 |
| M&T Bank Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Series H, Pfd., 5.63%<sup>(c)</sup> | 164021 | &nbsp;&nbsp; 4115287 |
| &nbsp;&nbsp;&nbsp; Series J, Pfd., 7.50%<sup>(b)</sup> | 492064 | &nbsp;&nbsp; 13300490 |
| Regions Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Series E, Pfd., 4.45% | 262435 | &nbsp;&nbsp; 4744825 |
| &nbsp;&nbsp;&nbsp; Series C, Pfd., 5.70%<sup>(b)(c)</sup> | 328043 | &nbsp;&nbsp; 8158429 |
| &nbsp;&nbsp;&nbsp; Pfd., 6.95%<sup>(b)(c)</sup> | 328043 | &nbsp;&nbsp; 8371657 |
| &nbsp;&nbsp;&nbsp; Texas Capital Bancshares, Inc., Series B, Pfd., <br> 5.75%<br>| 196825 | &nbsp;&nbsp; 4050658 |
| Truist Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Series R, Pfd., 4.75%<sup>(b)</sup> | 606879 | &nbsp;&nbsp; 11755246 |
| &nbsp;&nbsp;&nbsp; Series O, Pfd., 5.25%<sup>(b)</sup> | 377249 | &nbsp;&nbsp; 8190076 |
| U.S. Bancorp |  |  |
| &nbsp;&nbsp;&nbsp; Series L, Pfd., 3.75%<sup>(b)</sup> | 328043 | &nbsp;&nbsp; 5084666 |
| &nbsp;&nbsp;&nbsp; Series M, Pfd., 4.00%<sup>(b)</sup> | 492064 | &nbsp;&nbsp; 8094453 |
| &nbsp;&nbsp;&nbsp; Series O, Pfd., 4.50%<sup>(b)</sup> | 295238 | &nbsp;&nbsp; 5600665 |
| &nbsp;&nbsp;&nbsp; Series K, Pfd., 5.50%<sup>(b)</sup> | 377249 | &nbsp;&nbsp; 8725769 |
| UMB Financial Corp., Pfd., 7.75%<sup>(c)</sup> | 195644 | &nbsp;&nbsp; 5125873 |
| WaFd, Inc., Series A, Pfd., 4.88% | 194582 | &nbsp;&nbsp; 3193091 |
| Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp; Series DD, Pfd., 4.25% | 577608 | &nbsp;&nbsp; 10160125 |
| &nbsp;&nbsp;&nbsp; Series CC, Pfd., 4.38%<sup>(b)</sup> | 485039 | &nbsp;&nbsp; 8706450 |
| &nbsp;&nbsp;&nbsp; Series AA, Pfd., 4.70%<sup>(b)</sup> | 540605 | &nbsp;&nbsp; 10330962 |
| &nbsp;&nbsp;&nbsp; Series Z, Pfd., 4.75% | 932277 | &nbsp;&nbsp; 17974301 |
| &nbsp;&nbsp;&nbsp; Series Y, Pfd., 5.63%<sup>(b)</sup> | 318667 | &nbsp;&nbsp; 7622515 |
| &nbsp;&nbsp;&nbsp; Western Alliance Bancorporation, Series A, <br> Pfd., 4.25%<sup>(c)</sup><br>| 196825 | &nbsp;&nbsp; 4397070 |
|  |  | &nbsp;&nbsp; 413614984 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Capital Markets-16.06%** | **Capital Markets-16.06%** | **Capital Markets-16.06%** |
| &nbsp;&nbsp;&nbsp; Bank of New York Mellon Corp. (The), <br> Series K, Pfd., 6.15%<sup>(b)(c)</sup><br>| 328043 | &nbsp;&nbsp; $8470070 |
| Charles Schwab Corp. (The) |  |  |
| &nbsp;&nbsp;&nbsp; Series J, Pfd., 4.45%<sup>(b)</sup> | 393651 | &nbsp;&nbsp; 7672258 |
| &nbsp;&nbsp;&nbsp; Series D, Pfd., 5.95%<sup>(b)</sup> | 492064 | &nbsp;&nbsp; 12296679 |
| Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp; Series O, Pfd., 4.25%<sup>(b)</sup> | 602175 | &nbsp;&nbsp; 10483867 |
| &nbsp;&nbsp;&nbsp; Series L, Pfd., 4.88% | 231052 | &nbsp;&nbsp; 4632593 |
| &nbsp;&nbsp;&nbsp; Series K, Pfd., 5.85%<sup>(b)</sup> | 463182 | &nbsp;&nbsp; 11032995 |
| &nbsp;&nbsp;&nbsp; Series I, Pfd., 6.38%<sup>(b)</sup> | 463353 | &nbsp;&nbsp; 11551390 |
| &nbsp;&nbsp;&nbsp; Series P, Pfd., 6.50%<sup>(b)</sup> | 463229 | &nbsp;&nbsp; 11858662 |
| &nbsp;&nbsp;&nbsp; Series Q, Pfd., 6.63%<sup>(b)</sup> | 463214 | &nbsp;&nbsp; 11932393 |
| &nbsp;&nbsp;&nbsp; Series F, Pfd., 6.88% | 392834 | &nbsp;&nbsp; 9919059 |
| &nbsp;&nbsp;&nbsp; Series E, Pfd., 7.13%<sup>(b)</sup> | 398541 | &nbsp;&nbsp; 10134898 |
| &nbsp;&nbsp;&nbsp; Northern Trust Corp., Series E, Pfd., <br> 4.70%<sup>(b)</sup><br>| 262435 | &nbsp;&nbsp; 5301187 |
| &nbsp;&nbsp;&nbsp; State Street Corp., Series G, Pfd., 5.35% <br> (TSFR3M + 3.97%)<br>| 328043 | &nbsp;&nbsp; 7394089 |
| &nbsp;&nbsp;&nbsp; Stifel Financial Corp., Series D, Pfd., <br> 4.50%<sup>(b)</sup><br>| 196825 | &nbsp;&nbsp; 3550723 |
|  |  | &nbsp;&nbsp; 126230863 |
| **Consumer Finance-6.80%** | **Consumer Finance-6.80%** | **Consumer Finance-6.80%** |
| Capital One Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Series N, Pfd., 4.25%<sup>(b)</sup> | 208533 | &nbsp;&nbsp; 3565914 |
| &nbsp;&nbsp;&nbsp; Series L, Pfd., 4.38% | 331199 | &nbsp;&nbsp; 5752927 |
| &nbsp;&nbsp;&nbsp; Series J, Pfd., 4.80%<sup>(b)</sup> | 613336 | &nbsp;&nbsp; 11487783 |
| &nbsp;&nbsp;&nbsp; Series I, Pfd., 5.00% | 736002 | &nbsp;&nbsp; 14477159 |
| Synchrony Financial |  |  |
| &nbsp;&nbsp;&nbsp; Series A, Pfd., 5.63% | 492064 | &nbsp;&nbsp; 9698582 |
| &nbsp;&nbsp;&nbsp; Series B, Pfd., 8.25%<sup>(b)(c)</sup> | 328043 | &nbsp;&nbsp; 8509435 |
|  |  | &nbsp;&nbsp; 53491800 |
| **Financial Services-3.62%** | **Financial Services-3.62%** | **Financial Services-3.62%** |
| Equitable Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Series C, Pfd., 4.30% | 194582 | &nbsp;&nbsp; 3276761 |
| &nbsp;&nbsp;&nbsp; Series A, Pfd., 5.25%<sup>(b)</sup> | 524868 | &nbsp;&nbsp; 10854270 |
| Jackson Financial, Inc., Pfd., 8.00%<sup>(c)</sup> | 360847 | &nbsp;&nbsp; 9446975 |
| &nbsp;&nbsp;&nbsp; Voya Financial, Inc., Series B, Pfd., <br> 5.35%<sup>(b)(c)</sup><br>| 196825 | &nbsp;&nbsp; 4851736 |
|  |  | &nbsp;&nbsp; 28429742 |
| **Insurance-20.97%** | **Insurance-20.97%** | **Insurance-20.97%** |
| Allstate Corp. (The) |  |  |
| &nbsp;&nbsp;&nbsp; Series I, Pfd., 4.75% | 196825 | &nbsp;&nbsp; 3881389 |
| &nbsp;&nbsp;&nbsp; Series H, Pfd., 5.10%<sup>(b)</sup> | 754497 | &nbsp;&nbsp; 16319770 |
| &nbsp;&nbsp;&nbsp; Series J, Pfd., 7.38% | 393651 | &nbsp;&nbsp; 10597085 |
| American National Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Series B, Pfd., 6.63%<sup>(c)</sup> | 196825 | &nbsp;&nbsp; 4979672 |
| &nbsp;&nbsp;&nbsp; Pfd., 7.38%<sup>(b)</sup> | 196825 | &nbsp;&nbsp; 4979672 |
| Arch Capital Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series G, Pfd., 4.55%<sup>(b)</sup> | 328043 | &nbsp;&nbsp; 5707948 |
| &nbsp;&nbsp;&nbsp; Series F, Pfd., 5.45%<sup>(b)</sup> | 216508 | &nbsp;&nbsp; 4486046 |
| Aspen Insurance Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Pfd., 5.63% (Bermuda)<sup>(b)</sup> | 162086 | &nbsp;&nbsp; 3330867 |
| &nbsp;&nbsp;&nbsp; Pfd., 5.63% (Bermuda)<sup>(b)</sup> | 162086 | &nbsp;&nbsp; 3298450 |
| Athene Holding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series D, Pfd., 4.88% | 374857 | &nbsp;&nbsp; 6436295 |
| &nbsp;&nbsp;&nbsp; Series B, Pfd., 5.63%<sup>(b)</sup> | 224912 | &nbsp;&nbsp; 4504987 |
| &nbsp;&nbsp;&nbsp; Series A, Pfd., 6.35%<sup>(b)(c)</sup> | 562245 | &nbsp;&nbsp; 13994278 |
| &nbsp;&nbsp;&nbsp; Series E, Pfd., 7.75%<sup>(c)</sup> | 326088 | &nbsp;&nbsp; 8563071 |
| &nbsp;&nbsp;&nbsp; AXIS Capital Holdings Ltd., Series E, Pfd., <br> 5.50%<sup>(b)</sup><br>| 360847 | &nbsp;&nbsp; 7422623 |

---

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

------

**Invesco Financial Preferred ETF (PGF)—(continued)**

July 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Insurance-(continued)** | **Insurance-(continued)** | **Insurance-(continued)** |
| Brighthouse Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Series D, Pfd., 4.63%<sup>(b)</sup> | 226980 | &nbsp;&nbsp; $2701062 |
| &nbsp;&nbsp;&nbsp; Series C, Pfd., 5.38% | 377249 | &nbsp;&nbsp; 5070227 |
| &nbsp;&nbsp;&nbsp; Series A, Pfd., 6.60%<sup>(b)</sup> | 278837 | &nbsp;&nbsp; 4611964 |
| &nbsp;&nbsp;&nbsp; Series B, Pfd., 6.75%<sup>(b)</sup> | 264074 | &nbsp;&nbsp; 4410036 |
| &nbsp;&nbsp;&nbsp; Hartford Insurance Group, Inc. (The), <br> Series G, Pfd., 6.00%<sup>(b)</sup><br>| 226349 | &nbsp;&nbsp; 5694941 |
| Lincoln National Corp., Series D, Pfd., 9.00% | 328043 | &nbsp;&nbsp; 8965415 |
| MetLife, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Series F, Pfd., 4.75%<sup>(b)</sup> | 656084 | &nbsp;&nbsp; 13285701 |
| &nbsp;&nbsp;&nbsp; Series E, Pfd., 5.63%<sup>(b)</sup> | 528148 | &nbsp;&nbsp; 12728367 |
| RenaissanceRe Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series G, Pfd., 4.20% (Bermuda) | 328043 | &nbsp;&nbsp; 5284773 |
| &nbsp;&nbsp;&nbsp; Series F, Pfd., 5.75% (Bermuda)<sup>(b)</sup> | 164021 | &nbsp;&nbsp; 3616663 |
|  |  | &nbsp;&nbsp; 164871302 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Preferred Stocks <br>(Cost $897,796,238) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Preferred Stocks <br>(Cost $897,796,238) | &nbsp;&nbsp; 786638691 |
| **Money Market Funds-0.06%** |  |  |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 4.25%<sup>(d)(e)</sup> <br>(Cost $479,205)<br>| 479205 | &nbsp;&nbsp; 479205 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.12% <br>(Cost $898,275,443) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-100.12% <br>(Cost $898,275,443) | &nbsp;&nbsp; 787117896 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** | **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** | **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** |
| **Money Market Funds-5.74%** | **Money Market Funds-5.74%** | **Money Market Funds-5.74%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 4.32%<sup>(d)(e)(f)</sup><br>| 12511519 | &nbsp;&nbsp; $12511519 |
| Invesco Private Prime Fund, 4.46%<sup>(d)(e)(f)</sup> | 32567927 | &nbsp;&nbsp; 32574441 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $45,085,960) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $45,085,960) | &nbsp;&nbsp; 45085960 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-105.86% <br>(Cost $943,361,403) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-105.86% <br>(Cost $943,361,403) | &nbsp;&nbsp; 832203856 |
| OTHER ASSETS LESS LIABILITIES-(5.86)% | OTHER ASSETS LESS LIABILITIES-(5.86)% | &nbsp;&nbsp; (46043940)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $786159916 |

---

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

Investment Abbreviations: <br> Pfd. -Preferred

&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 July 31, 2025. |
| <sup>(c)</sup> | Security issued at a fixed rate for a specific period of time, after which it will convert to a variable rate. |
| <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 July 31, 2025.<br>|

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**April 30, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Value** <br>**July 31, 2025**<br>| **Dividend Income** |
| **Investments in Affiliated Money** <br> **Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & Agency <br> Portfolio, Institutional Class<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $16906043 | &nbsp;&nbsp;&nbsp; $(16426838)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $479205 | &nbsp;&nbsp;&nbsp; $9088 |
| **Investments Purchased with** <br> **Cash Collateral from Securities** <br> **on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private Government Fund | &nbsp;&nbsp;&nbsp; 17074247 | &nbsp;&nbsp;&nbsp; 17488383 | &nbsp;&nbsp;&nbsp; (22051111)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 12511519 | &nbsp;&nbsp;&nbsp; 197,072<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp; 44360035 | &nbsp;&nbsp;&nbsp; 39640649 | &nbsp;&nbsp;&nbsp; (51426435)<br>| &nbsp;&nbsp;&nbsp; 3420 | &nbsp;&nbsp;&nbsp; (3228)<br>| &nbsp;&nbsp;&nbsp; 32574441 | &nbsp;&nbsp;&nbsp; 528,268<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $61434282 | &nbsp;&nbsp;&nbsp; $74035075 | &nbsp;&nbsp;&nbsp; $(89904384)<br>| &nbsp;&nbsp;&nbsp; $3420 | &nbsp;&nbsp;&nbsp; $(3228)<br>| &nbsp;&nbsp;&nbsp; $45565165 | &nbsp;&nbsp;&nbsp; $734428 |

---

&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 July 31, 2025. <br> <sup>(f)</sup> The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower's return of the securities loaned.

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

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

------

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

**Invesco High Yield Equity Dividend Achievers**<sup>TM</sup> **ETF (PEY)**

July 31, 2025

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-99.84%** | **Common Stocks & Other Equity Interests-99.84%** | **Common Stocks & Other Equity Interests-99.84%** |
| **Air Freight & Logistics-2.31%** | **Air Freight & Logistics-2.31%** | **Air Freight & Logistics-2.31%** |
| United Parcel Service, Inc., Class B | 294887 | &nbsp;&nbsp; $25407464 |
| **Banks-14.06%** | **Banks-14.06%** | **Banks-14.06%** |
| Associated Banc-Corp | 718559 | &nbsp;&nbsp; 17777150 |
| Atlantic Union Bankshares Corp., Class B | 637314 | &nbsp;&nbsp; 20202854 |
| Regions Financial Corp. | 924062 | &nbsp;&nbsp; 23406491 |
| Simmons First National Corp., Class A | 1026055 | &nbsp;&nbsp; 19669474 |
| U.S. Bancorp | 448896 | &nbsp;&nbsp; 20182364 |
| United Bankshares, Inc.<sup>(b)</sup> | 485680 | &nbsp;&nbsp; 17251354 |
| WaFd, Inc.<sup>(b)</sup> | 562507 | &nbsp;&nbsp; 16371766 |
| WesBanco, Inc. | 660526 | &nbsp;&nbsp; 19901648 |
|  |  | &nbsp;&nbsp; 154763101 |
| **Capital Markets-7.08%** | **Capital Markets-7.08%** | **Capital Markets-7.08%** |
| Franklin Resources, Inc.<sup>(b)</sup> | 1154274 | &nbsp;&nbsp; 27702576 |
| Main Street Capital Corp.<sup>(b)</sup> | 392536 | &nbsp;&nbsp; 25397079 |
| T. Rowe Price Group, Inc. | 244412 | &nbsp;&nbsp; 24795598 |
|  |  | &nbsp;&nbsp; 77895253 |
| **Chemicals-3.79%** | **Chemicals-3.79%** | **Chemicals-3.79%** |
| LyondellBasell Industries N.V., Class A | 720400 | &nbsp;&nbsp; 41732772 |
| **Consumer Staples Distribution & Retail-1.99%** | **Consumer Staples Distribution & Retail-1.99%** | **Consumer Staples Distribution & Retail-1.99%** |
| Target Corp. | 217458 | &nbsp;&nbsp; 21854529 |
| **Containers & Packaging-1.77%** | **Containers & Packaging-1.77%** | **Containers & Packaging-1.77%** |
| Sonoco Products Co. | 431940 | &nbsp;&nbsp; 19467536 |
| **Diversified Telecommunication Services-5.72%** | **Diversified Telecommunication Services-5.72%** | **Diversified Telecommunication Services-5.72%** |
| Cogent Communications Holdings, Inc.<sup>(b)</sup> | 820156 | &nbsp;&nbsp; 37390912 |
| Verizon Communications, Inc. | 598878 | &nbsp;&nbsp; 25608023 |
|  |  | &nbsp;&nbsp; 62998935 |
| **Electric Utilities-8.85%** | **Electric Utilities-8.85%** | **Electric Utilities-8.85%** |
| Edison International | 444961 | &nbsp;&nbsp; 23191367 |
| Evergy, Inc. | 257057 | &nbsp;&nbsp; 18199636 |
| Eversource Energy | 299497 | &nbsp;&nbsp; 19796752 |
| Pinnacle West Capital Corp. | 183598 | &nbsp;&nbsp; 16637651 |
| Portland General Electric Co. | 476836 | &nbsp;&nbsp; 19607496 |
|  |  | &nbsp;&nbsp; 97432902 |
| **Food Products-6.66%** | **Food Products-6.66%** | **Food Products-6.66%** |
| Archer-Daniels-Midland Co. | 371600 | &nbsp;&nbsp; 20133288 |
| Flowers Foods, Inc. | 1440681 | &nbsp;&nbsp; 22834794 |
| Hormel Foods Corp. | 521400 | &nbsp;&nbsp; 14646126 |
| J.M. Smucker Co. (The) | 146021 | &nbsp;&nbsp; 15673894 |
|  |  | &nbsp;&nbsp; 73288102 |
| **Gas Utilities-5.02%** | **Gas Utilities-5.02%** | **Gas Utilities-5.02%** |
| Northwest Natural Holding Co. | 499857 | &nbsp;&nbsp; 19954291 |
| Spire, Inc. | 232939 | &nbsp;&nbsp; 17346967 |
| UGI Corp.<sup>(b)</sup> | 494442 | &nbsp;&nbsp; 17888912 |
|  |  | &nbsp;&nbsp; 55190170 |
| **Independent Power and Renewable Electricity Producers-3.51%** | **Independent Power and Renewable Electricity Producers-3.51%** | **Independent Power and Renewable Electricity Producers-3.51%** |
| AES Corp. (The) | 2936155 | &nbsp;&nbsp; 38610438 |
| **Insurance-1.98%** | **Insurance-1.98%** | **Insurance-1.98%** |
| Prudential Financial, Inc. | 210480 | &nbsp;&nbsp; 21801518 |
| **Leisure Products-3.55%** | **Leisure Products-3.55%** | **Leisure Products-3.55%** |
| Polaris, Inc.<sup>(b)</sup> | 738944 | &nbsp;&nbsp; 39097527 |
| **Machinery-3.60%** | **Machinery-3.60%** | **Machinery-3.60%** |
| Stanley Black & Decker, Inc. | 327678 | &nbsp;&nbsp; 22167417 |
| Trinity Industries, Inc. | 750434 | &nbsp;&nbsp; 17485112 |
|  |  | &nbsp;&nbsp; 39652529 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Media-3.17%** | **Media-3.17%** | **Media-3.17%** |
| John Wiley & Sons, Inc., Class A<sup>(b)</sup> | 394899 | &nbsp;&nbsp; $15243101 |
| Nexstar Media Group, Inc., Class A<sup>(b)</sup> | 104773 | &nbsp;&nbsp; 19604076 |
|  |  | &nbsp;&nbsp; 34847177 |
| **Multi-Utilities-5.42%** | **Multi-Utilities-5.42%** | **Multi-Utilities-5.42%** |
| Avista Corp. | 557805 | &nbsp;&nbsp; 20806127 |
| Black Hills Corp. | 332491 | &nbsp;&nbsp; 19211330 |
| NorthWestern Energy Group, Inc. | 365422 | &nbsp;&nbsp; 19623161 |
|  |  | &nbsp;&nbsp; 59640618 |
| **Oil, Gas & Consumable Fuels-3.85%** | **Oil, Gas & Consumable Fuels-3.85%** | **Oil, Gas & Consumable Fuels-3.85%** |
| Chevron Corp. | 153377 | &nbsp;&nbsp; 23258088 |
| Phillips 66 | 154767 | &nbsp;&nbsp; 19126106 |
|  |  | &nbsp;&nbsp; 42384194 |
| **Pharmaceuticals-6.20%** | **Pharmaceuticals-6.20%** | **Pharmaceuticals-6.20%** |
| Bristol-Myers Squibb Co. | 448664 | &nbsp;&nbsp; 19431638 |
| Perrigo Co. PLC | 677037 | &nbsp;&nbsp; 18056577 |
| Pfizer, Inc. | 1321567 | &nbsp;&nbsp; 30779295 |
|  |  | &nbsp;&nbsp; 68267510 |
| **Professional Services-1.54%** | **Professional Services-1.54%** | **Professional Services-1.54%** |
| Robert Half, Inc.<sup>(b)</sup> | 457896 | &nbsp;&nbsp; 16900941 |
| **Semiconductors & Semiconductor Equipment-1.57%** | **Semiconductors & Semiconductor Equipment-1.57%** | **Semiconductors & Semiconductor Equipment-1.57%** |
| Skyworks Solutions, Inc. | 251857 | &nbsp;&nbsp; 17262279 |
| **Specialty Retail-2.18%** | **Specialty Retail-2.18%** | **Specialty Retail-2.18%** |
| Best Buy Co., Inc. | 368201 | &nbsp;&nbsp; 23955157 |
| **Technology Hardware, Storage & Peripherals-1.76%** | **Technology Hardware, Storage & Peripherals-1.76%** | **Technology Hardware, Storage & Peripherals-1.76%** |
| HP, Inc. | 781175 | &nbsp;&nbsp; 19373140 |
| **Tobacco-4.26%** | **Tobacco-4.26%** | **Tobacco-4.26%** |
| Altria Group, Inc. | 471795 | &nbsp;&nbsp; 29222983 |
| Universal Corp. | 324775 | &nbsp;&nbsp; 17690494 |
|  |  | &nbsp;&nbsp; 46913477 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $1,107,333,828) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $1,107,333,828) | &nbsp;&nbsp; 1098737269 |
| **Money Market Funds-0.10%** |  |  |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 4.25%<sup>(c)(d)</sup> <br>(Cost $1,061,117)<br>| 1061117 | &nbsp;&nbsp; 1061117 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.94% <br>(Cost $1,108,394,945) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.94% <br>(Cost $1,108,394,945) | &nbsp;&nbsp; 1099798386 |
| **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** | **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** | **Investments Purchased with Cash Collateral** <br>**from Securities on Loan** |
| **Money Market Funds-6.78%** | **Money Market Funds-6.78%** | **Money Market Funds-6.78%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 4.32%<sup>(c)(d)(e)</sup><br>| 20692012 | &nbsp;&nbsp; 20692012 |
| Invesco Private Prime Fund, 4.46%<sup>(c)(d)(e)</sup> | 53947834 | &nbsp;&nbsp; 53958624 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $74,650,636) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $74,650,636) | &nbsp;&nbsp; 74650636 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-106.72% <br>(Cost $1,183,045,581) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-106.72% <br>(Cost $1,183,045,581) | &nbsp;&nbsp; 1174449022 |
| OTHER ASSETS LESS LIABILITIES-(6.72)% | OTHER ASSETS LESS LIABILITIES-(6.72)% | &nbsp;&nbsp; (73982473)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $1100466549 |

---

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

------

**Invesco High Yield Equity Dividend Achievers**<sup>TM</sup> **ETF (PEY)—(continued)**

July 31, 2025

*(Unaudited)*

---

| | |
|:---|:---|
| Notes to Schedule of Investments: | Notes to Schedule of Investments: |
| <sup>(a)</sup> | Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is <br> the exclusive property and a service mark of MSCI Inc. and Standard & Poor's.<br>|
| <sup>(b)</sup> | All or a portion of this security was out on loan at July 31, 2025. |
| <sup>(c)</sup> | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in <br> which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund's transactions in, and earnings from, its investments in <br> affiliates for the three months ended July 31, 2025.<br>|

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**April 30, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Value** <br>**July 31, 2025**<br>| **Dividend Income** |
| **Investments in Affiliated** <br> **Money Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & Agency <br> Portfolio, Institutional Class<br>| &nbsp;&nbsp;&nbsp; $1989509 | &nbsp;&nbsp;&nbsp; $15090035 | &nbsp;&nbsp;&nbsp; $(16018427)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $1061117 | &nbsp;&nbsp;&nbsp; $22979 |
| **Investments Purchased with** <br> **Cash Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private Government <br> Fund<br>| &nbsp;&nbsp;&nbsp; 36131321 | &nbsp;&nbsp;&nbsp; 56337477 | &nbsp;&nbsp;&nbsp; (71776786)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 20692012 | &nbsp;&nbsp;&nbsp; 243,583<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp; 94124754 | &nbsp;&nbsp;&nbsp; 151478765 | &nbsp;&nbsp;&nbsp; (191644018)<br>| &nbsp;&nbsp;&nbsp; 5728 | &nbsp;&nbsp;&nbsp; (6605)<br>| &nbsp;&nbsp;&nbsp; 53958624 | &nbsp;&nbsp;&nbsp; 654,091<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $132245584 | &nbsp;&nbsp;&nbsp; $222906277 | &nbsp;&nbsp;&nbsp; $(279439231)<br>| &nbsp;&nbsp;&nbsp; $5728 | &nbsp;&nbsp;&nbsp; $(6605)<br>| &nbsp;&nbsp;&nbsp; $75711753 | &nbsp;&nbsp;&nbsp; $920653 |

---

&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 July 31, 2025. <br> <sup>(e)</sup> The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower's return of the securities loaned.

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

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

------

Schedule of Investments

**Invesco International Dividend Achievers**<sup>TM</sup> **ETF (PID)**

July 31, 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%** |
| **Canada-56.08%** | **Canada-56.08%** | **Canada-56.08%** |
| BCE, Inc. | 1529052 | &nbsp;&nbsp; $35672783 |
| Brookfield Infrastructure Partners L.P. | 843572 | &nbsp;&nbsp; 26319447 |
| Brookfield Renewable Partners L.P. | 1398733 | &nbsp;&nbsp; 38535094 |
| Canadian Imperial Bank of Commerce | 320701 | &nbsp;&nbsp; 22910880 |
| Canadian National Railway Co. | 123008 | &nbsp;&nbsp; 11495098 |
| Canadian Natural Resources Ltd. | 944019 | &nbsp;&nbsp; 29925402 |
| Enbridge, Inc. | 680787 | &nbsp;&nbsp; 30832843 |
| FirstService Corp. | 18420 | &nbsp;&nbsp; 3632792 |
| Fortis, Inc. | 403973 | &nbsp;&nbsp; 19782558 |
| Franco-Nevada Corp. | 28304 | &nbsp;&nbsp; 4509676 |
| Imperial Oil Ltd.<sup>(a)</sup> | 196442 | &nbsp;&nbsp; 16397014 |
| Magna International, Inc.<sup>(a)</sup> | 807612 | &nbsp;&nbsp; 33112092 |
| Nutrien Ltd. | 343151 | &nbsp;&nbsp; 20355717 |
| Open Text Corp. | 714980 | &nbsp;&nbsp; 21041861 |
| RB Global, Inc. | 57798 | &nbsp;&nbsp; 6257212 |
| Restaurant Brands International, Inc. | 255606 | &nbsp;&nbsp; 17345423 |
| Royal Bank of Canada | 142800 | &nbsp;&nbsp; 18344088 |
| Stantec, Inc. | 31939 | &nbsp;&nbsp; 3492849 |
| TC Energy Corp. | 528539 | &nbsp;&nbsp; 25306447 |
| TELUS Corp.<sup>(a)</sup> | 2033708 | &nbsp;&nbsp; 32742699 |
| TFI International, Inc. | 126836 | &nbsp;&nbsp; 11056294 |
| Thomson Reuters Corp. | 31773 | &nbsp;&nbsp; 6383514 |
| Toronto-Dominion Bank (The) | 344774 | &nbsp;&nbsp; 25127129 |
| TransAlta Corp.<sup>(a)</sup> | 1021983 | &nbsp;&nbsp; 12314895 |
|  |  | &nbsp;&nbsp; 472893807 |
| **Denmark-1.00%** | **Denmark-1.00%** | **Denmark-1.00%** |
| Novo Nordisk A/S, ADR | 179247 | &nbsp;&nbsp; 8437156 |
| **Germany-0.54%** | **Germany-0.54%** | **Germany-0.54%** |
| SAP SE, ADR<sup>(a)</sup> | 15810 | &nbsp;&nbsp; 4532727 |
| **India-1.90%** | **India-1.90%** | **India-1.90%** |
| Infosys Ltd., ADR<sup>(a)</sup> | 845238 | &nbsp;&nbsp; 14132380 |
| Reliance Industries Ltd., GDR<sup>(a)(b)</sup> | 30356 | &nbsp;&nbsp; 1910812 |
|  |  | &nbsp;&nbsp; 16043192 |
| **Indonesia-4.06%** | **Indonesia-4.06%** | **Indonesia-4.06%** |
| PT Telkom Indonesia (Persero) Tbk, ADR<sup>(a)</sup> | 1943497 | &nbsp;&nbsp; 34205547 |
| **Japan-3.35%** | **Japan-3.35%** | **Japan-3.35%** |
| Mitsubishi UFJ Financial Group, Inc., ADR<sup>(a)</sup> | 811448 | &nbsp;&nbsp; 11279127 |
| Sony Group Corp., ADR<sup>(a)</sup> | 108288 | &nbsp;&nbsp; 2633564 |
| Sumitomo Mitsui Financial Group, Inc., ADR | 949706 | &nbsp;&nbsp; 14378549 |
|  |  | &nbsp;&nbsp; 28291240 |
| **Mexico-4.09%** | **Mexico-4.09%** | **Mexico-4.09%** |
| America Movil S.A.B. de C.V., ADR | 978698 | &nbsp;&nbsp; 17685073 |
| Coca-Cola FEMSA S.A.B. de C.V., ADR | 202002 | &nbsp;&nbsp; 16774246 |
|  |  | &nbsp;&nbsp; 34459319 |
| **Philippines-4.07%** | **Philippines-4.07%** | **Philippines-4.07%** |
| PLDT, Inc., ADR<sup>(a)</sup> | 1486803 | &nbsp;&nbsp; 34315413 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Switzerland-1.22%** | **Switzerland-1.22%** | **Switzerland-1.22%** |
| Logitech International S.A., Class R<sup>(a)</sup> | 110614 | &nbsp;&nbsp; $10273828 |
| **United Kingdom-11.81%** | **United Kingdom-11.81%** | **United Kingdom-11.81%** |
| British American Tobacco PLC, ADR | 737424 | &nbsp;&nbsp; 39584920 |
| Diageo PLC, ADR<sup>(a)</sup> | 192342 | &nbsp;&nbsp; 18839899 |
| National Grid PLC, ADR<sup>(a)</sup> | 333632 | &nbsp;&nbsp; 23484357 |
| Pearson PLC, ADR<sup>(a)</sup> | 689583 | &nbsp;&nbsp; 9812766 |
| RELX PLC, ADR | 151603 | &nbsp;&nbsp; 7866680 |
|  |  | &nbsp;&nbsp; 99588622 |
| **United States-11.77%** | **United States-11.77%** | **United States-11.77%** |
| Amcor PLC | 3385862 | &nbsp;&nbsp; 31657810 |
| Amdocs Ltd. | 128819 | &nbsp;&nbsp; 10995990 |
| Novartis AG, ADR | 164618 | &nbsp;&nbsp; 18723651 |
| Pentair PLC | 53711 | &nbsp;&nbsp; 5489264 |
| Sanofi S.A., ADR | 502079 | &nbsp;&nbsp; 22914886 |
| Waste Connections, Inc. | 17500 | &nbsp;&nbsp; 3266725 |
| Willis Towers Watson PLC | 19621 | &nbsp;&nbsp; 6196508 |
|  |  | &nbsp;&nbsp; 99244834 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $768,624,707) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $768,624,707) | &nbsp;&nbsp; 842285685 |
| **Money Market Funds-0.05%** | **Money Market Funds-0.05%** | **Money Market Funds-0.05%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 4.25%<sup>(c)(d)</sup> <br>(Cost $428,556)<br>| 428556 | &nbsp;&nbsp; 428556 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.94% <br>(Cost $769,053,263) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.94% <br>(Cost $769,053,263) | &nbsp;&nbsp; 842714241 |
| **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** |
| **Money Market Funds-11.88%** | **Money Market Funds-11.88%** | **Money Market Funds-11.88%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 4.32%<sup>(c)(d)(e)</sup><br>| 27763271 | &nbsp;&nbsp; 27763271 |
| Invesco Private Prime Fund, 4.46%<sup>(c)(d)(e)</sup> | 72405526 | &nbsp;&nbsp; 72420007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $100,183,278) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $100,183,278) | &nbsp;&nbsp; 100183278 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-111.82% <br>(Cost $869,236,541) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-111.82% <br>(Cost $869,236,541) | &nbsp;&nbsp; 942897519 |
| OTHER ASSETS LESS LIABILITIES-(11.82)% | OTHER ASSETS LESS LIABILITIES-(11.82)% | &nbsp;&nbsp; (99649033)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $843248486 |

---

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

------

**Invesco International Dividend Achievers**<sup>TM</sup> **ETF (PID)—(continued)**

July 31, 2025

*(Unaudited)*

Investment Abbreviations: <br> ADR-American Depositary Receipt <br> GDR-Global Depositary Receipt

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

---

| | |
|:---|:---|
| Notes to Schedule of Investments: | Notes to Schedule of Investments: |
| <sup>(a)</sup> | All or a portion of this security was out on loan at July 31, 2025. |
| <sup>(b)</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 July 31, 2025 <br> represented less than 1% of the Fund's Net Assets.<br>|
| <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 July 31, 2025.<br>|

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**April 30, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Value** <br>**July 31, 2025**<br>| **Dividend Income** |
| **Investments in Affiliated** <br> **Money Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & Agency <br> Portfolio, Institutional Class<br>| &nbsp;&nbsp;&nbsp; $216653 | &nbsp;&nbsp;&nbsp; $7717767 | &nbsp;&nbsp;&nbsp; $(7505864)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $428556 | &nbsp;&nbsp;&nbsp; $9037 |
| **Investments Purchased with** <br> **Cash Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private Government <br> Fund<br>| &nbsp;&nbsp;&nbsp; 40329050 | &nbsp;&nbsp;&nbsp; 157458056 | &nbsp;&nbsp;&nbsp; (170023835)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 27763271 | &nbsp;&nbsp;&nbsp; 401,191<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp; 104904546 | &nbsp;&nbsp;&nbsp; 273455786 | &nbsp;&nbsp;&nbsp; (305940779)<br>| &nbsp;&nbsp;&nbsp; 6633 | &nbsp;&nbsp;&nbsp; (6179)<br>| &nbsp;&nbsp;&nbsp; 72420007 | &nbsp;&nbsp;&nbsp; 1,094,545<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $145450249 | &nbsp;&nbsp;&nbsp; $438631609 | &nbsp;&nbsp;&nbsp; $(483470478)<br>| &nbsp;&nbsp;&nbsp; $6633 | &nbsp;&nbsp;&nbsp; $(6179)<br>| &nbsp;&nbsp;&nbsp; $100611834 | &nbsp;&nbsp;&nbsp; $1504773 |

---

&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 July 31, 2025. <br> <sup>(e)</sup> The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower's return of the securities loaned.

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

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

------

**Notes to Quarterly Schedules of Portfolio Holdings**

July 31, 2025

*(Unaudited)*

**NOTE 1—Additional Valuation Information**

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

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

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

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

The following is a summary of the tiered valuation input levels, as of July 31, 2025, for each Fund (except for Invesco Dow Jones Industrial Average Dividend ETF). As of July 31, 2025, all of the securities in Invesco Dow Jones Industrial Average Dividend ETF were valued based on Level 1 inputs (see the Schedules of Investments for security categories). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| &nbsp;&nbsp; Invesco BuyBack Achievers<sup>TM</sup> ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $1369875109 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $1369875109 |
| &nbsp;&nbsp;&nbsp; Closed-End Fund | &nbsp;&nbsp;&nbsp; 494563 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 494563 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 1447961 | &nbsp;&nbsp;&nbsp; 46404444 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 47852405 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $1371817633 | &nbsp;&nbsp;&nbsp; $46404444 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $1418222077 |
| &nbsp;&nbsp; Invesco Dividend Achievers<sup>TM</sup> ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $705547762 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $705547762 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 868779 | &nbsp;&nbsp;&nbsp; 8650276 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 9519055 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $706416541 | &nbsp;&nbsp;&nbsp; $8650276 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $715066817 |
| &nbsp;&nbsp; Invesco Financial Preferred ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Preferred Stocks | &nbsp;&nbsp;&nbsp; $786638691 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $786638691 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 479205 | &nbsp;&nbsp;&nbsp; 45085960 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 45565165 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $787117896 | &nbsp;&nbsp;&nbsp; $45085960 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $832203856 |
| &nbsp;&nbsp; Invesco High Yield Equity Dividend Achievers<sup>TM</sup> ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $1098737269 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $1098737269 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 1061117 | &nbsp;&nbsp;&nbsp; 74650636 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 75711753 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $1099798386 | &nbsp;&nbsp;&nbsp; $74650636 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $1174449022 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| &nbsp;&nbsp; Invesco International Dividend Achievers<sup>TM</sup> ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $840374873 | &nbsp;&nbsp;&nbsp; $1910812 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $842285685 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 428556 | &nbsp;&nbsp;&nbsp; 100183278 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 100611834 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $840803429 | &nbsp;&nbsp;&nbsp; $102094090 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $942897519 |

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Downers Grove

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60515

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

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

- **a. Name of Series:** Invesco International Dividend AchieversTM ETF

- **b. EDGAR series identifier (if any):** S000003036

- **c. LEI of Series:** 549300SYGXLXKQOSCC56

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

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

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $944523111.64

**Total Liabilities:** $101274625.43

**Net Assets:** $843248486.21

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000008303 | 3.55%                | 1.80%                | 0.15%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $479598.15               | $24966448.52                               |
| Month 2  | $9361921.19              | $165333.97                                 |
| Month 3  | $627126.47               | $-7603.49                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Willis Towers Watson PLC                                        | Willis Towers Watson PLC                                             | CUSIP: G96629103<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | IE        |     19621 | NS      | $6196508.01   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| TransAlta Corp.                                                 | TransAlta Corp.                                                      | CUSIP: 89346D107<br>LEI: 984500EE2ADD850F1C96 | Long             | EC               | CORP              | CA        |   1021983 | NS      | $12314895.15  | 1.46%             |  |  |  | No            |                  1 | On Loan: —       |
| America Movil, S.A.B. de C.V.                                   | America Movil, S.A.B. de C.V., ADR                                   | CUSIP: 02390A101<br>LEI: 5493000FNR3UCEAONM59 | Long             | EC               | CORP              | MX        |    978698 | NS      | $17685072.86  | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco PLC                                    | British American Tobacco PLC, ADR                                    | CUSIP: 110448107<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |    737424 | NS      | $39584920.32  | 4.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Ltd.                                 | Canadian Natural Resources Ltd.                                      | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |    944019 | NS      | $29925402.30  | 3.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Pearson PLC                                                     | Pearson PLC, ADR                                                     | CUSIP: 705015105<br>LEI: 2138004JBXWWJKIURC57 | Long             | EC               | CORP              | GB        |    689583 | NS      | $9812766.09   | 1.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk. | Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk., ADR | CUSIP: 715684106<br>LEI: 529900M5SQZAOKV1PC81 | Long             | EC               | CORP              | ID        |   1943497 | NS      | $34205547.20  | 4.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Coca-Cola FEMSA, S.A.B. de C.V.                                 | Coca-Cola FEMSA, S.A.B. de C.V., ADR                                 | CUSIP: 191241108<br>LEI: 5493008KEVFYPMGTXO33 | Long             | EC               | CORP              | MX        |    202002 | NS      | $16774246.08  | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Imperial Bank of Commerce                              | Canadian Imperial Bank of Commerce                                   | CUSIP: 136069101<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | EC               | CORP              | CA        |    320701 | NS      | $22910879.44  | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Renewable Partners L.P.                              | Brookfield Renewable Partners L.P.                                   | CUSIP: G16258108<br>LEI: VA8DFMRI2GY8Y7V79H93 | Long             | EC               | CORP              | BM        |   1398733 | NS      | $38535094.15  | 4.57%             |  |  |  | No            |                  1 | On Loan: No      |
| National Grid PLC                                               | National Grid PLC, ADR                                               | CUSIP: 636274409<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |    333632 | NS      | $23484356.48  | 2.78%             |  |  |  | No            |                  1 | On Loan: —       |
| Enbridge Inc.                                                   | Enbridge Inc.                                                        | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |    680787 | NS      | $30832843.23  | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |
| RELX PLC                                                        | RELX PLC, ADR                                                        | CUSIP: 759530108<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |    151603 | NS      | $7866679.67   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| TELUS Corp.                                                     | TELUS Corp.                                                          | CUSIP: 87971M103<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Long             | EC               | CORP              | CA        |   2033708 | NS      | $32742698.80  | 3.88%             |  |  |  | No            |                  1 | On Loan: —       |
| TFI International Inc.                                          | TFI International Inc.                                               | CUSIP: 87241L109<br>LEI: 5493007R9W7KO7SJN678 | Long             | EC               | CORP              | CA        |    126836 | NS      | $11056294.12  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Ltd.                                                     | Amdocs Ltd.                                                          | CUSIP: G02602103<br>LEI: 549300HQV672RJ7RQV66 | Long             | EC               | CORP              | GG        |    128819 | NS      | $10995989.84  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp.                                                | Sony Group Corp., ADR                                                | CUSIP: 835699307<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |    108288 | NS      | $2633564.16   | 0.31%             |  |  |  | No            |                  1 | On Loan: —       |
| RB Global, Inc.                                                 | RB Global, Inc.                                                      | CUSIP: 74935Q107<br>LEI: 5493002H8U24DJXQ4886 | Long             | EC               | CORP              | CA        |     57798 | NS      | $6257211.48   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Pentair PLC                                                     | Pentair PLC                                                          | CUSIP: G7S00T104<br>LEI: 549300EVR9D56WPSRP15 | Long             | EC               | CORP              | IE        |     53711 | NS      | $5489264.20   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Franco-Nevada Corp.                                             | Franco-Nevada Corp.                                                  | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |     28304 | NS      | $4509676.32   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                                                | Novo Nordisk A/S, ADR                                                | CUSIP: 670100205<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |    179247 | NS      | $8437156.29   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Imperial Oil Ltd.                                               | Imperial Oil Ltd.                                                    | CUSIP: 453038408<br>LEI: 549300JZNB745JT5WY51 | Long             | EC               | CORP              | CA        |    196442 | NS      | $16397013.74  | 1.94%             |  |  |  | No            |                  1 | On Loan: —       |
| DIAGEO PLC                                                      | DIAGEO PLC, ADR                                                      | CUSIP: 25243Q205<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |    192342 | NS      | $18839898.90  | 2.23%             |  |  |  | No            |                  1 | On Loan: —       |
| Waste Connections, Inc.                                         | Waste Connections, Inc.                                              | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |     17500 | NS      | $3266725.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| PLDT Inc.                                                       | PLDT Inc., ADR                                                       | CUSIP: 69344D408<br>LEI: 254900ADE8GQHM5P2648 | Long             | EC               | CORP              | PH        |   1486803 | NS      | $34315413.24  | 4.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Thomson Reuters Corp.                                           | Thomson Reuters Corp.                                                | CUSIP: 884903808<br>LEI: 549300561UZND4C7B569 | Long             | EC               | CORP              | CA        |     31773 | NS      | $6383513.43   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.                           | Sumitomo Mitsui Financial Group, Inc., ADR                           | CUSIP: 86562M209<br>LEI: 35380028MYWPB6AUO129 | Long             | EC               | CORP              | JP        |    949706 | NS      | $14378548.84  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanofi                                                          | Sanofi, ADR                                                          | CUSIP: 80105N105<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |    502079 | NS      | $22914885.56  | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Ufj Financial Group, Inc.                            | Mitsubishi Ufj Financial Group, Inc., ADR                            | CUSIP: 606822104<br>LEI: 353800V2V8PUY9TK3E06 | Long             | EC               | CORP              | JP        |    811448 | NS      | $11279127.20  | 1.34%             |  |  |  | No            |                  1 | On Loan: —       |
| Restaurant Brands International Inc.                            | Restaurant Brands International Inc.                                 | CUSIP: 76131D103<br>LEI: 5299009RXTX9DN9AKJ98 | Long             | EC               | CORP              | CA        |    255606 | NS      | $17345423.16  | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Infrastructure Partners L.P.                         | Brookfield Infrastructure Partners L.P.                              | CUSIP: G16252101<br>LEI: 549300WEH5R2OODI7Y90 | Long             | EC               | CORP              | BM        |    843572 | NS      | $26319446.40  | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Private Prime Fund                                      | Invesco Private Prime Fund                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |  72420007 | NS      | $72420007.11  | 8.59%             |  |  |  | No            |                  2 | On Loan: No      |
| FirstService Corp.                                              | FirstService Corp.                                                   | CUSIP: 33767E202<br>LEI: 5493000XUDIV75BCF118 | Long             | EC               | CORP              | CA        |     18420 | NS      | $3632792.40   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd.                                                    | Infosys Ltd., ADR                                                    | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |    845238 | NS      | $14132379.36  | 1.68%             |  |  |  | No            |                  1 | On Loan: —       |
| Nutrien Ltd.                                                    | Nutrien Ltd.                                                         | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |    343151 | NS      | $20355717.32  | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                                          | SAP SE, ADR                                                          | CUSIP: 803054204<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     15810 | NS      | $4532727.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: —       |
| Reliance Industries Ltd.                                        | Reliance Industries Ltd., GDR                                        | CUSIP: 759470107<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |     30356 | NS      | $1910812.00   | 0.23%             |  |  |  | No            |                  2 | On Loan: —       |
| TC Energy Corp.                                                 | TC Energy Corp.                                                      | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |    528539 | NS      | $25306447.32  | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Toronto-Dominion Bank (The)                                     | Toronto-Dominion Bank (The)                                          | CUSIP: 891160509<br>LEI: PT3QB789TSUIDF371261 | Long             | EC               | CORP              | CA        |    344774 | NS      | $25127129.12  | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortis Inc.                                                     | Fortis Inc.                                                          | CUSIP: 349553107<br>LEI: 549300MQYQ9Y065XPR71 | Long             | EC               | CORP              | CA        |    403973 | NS      | $19782557.81  | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Magna International Inc.                                        | Magna International Inc.                                             | CUSIP: 559222401<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | EC               | CORP              | CA        |    807612 | NS      | $33112092.00  | 3.93%             |  |  |  | No            |                  1 | On Loan: —       |
| Invesco Government & Agency Portfolio                           | Invesco Government & Agency Portfolio, Institutional Class           | CUSIP: 825252885<br>LEI: 5493007T1J7WZ5QI1A47 | Long             | STIV             | RF                | US        |    428556 | NS      | $428556.36    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Logitech International S.A.                                     | Logitech International S.A., Class R                                 | CUSIP: H50430232<br>LEI: 549300SN6PRK6IJJC215 | Long             | EC               | CORP              | CH        |    110614 | NS      | $10273828.32  | 1.22%             |  |  |  | No            |                  1 | On Loan: —       |
| Invesco Private Government Fund                                 | Invesco Private Government Fund                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |  27763271 | NS      | $27763271.18  | 3.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                            | Royal Bank of Canada                                                 | CUSIP: 780087102<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | EC               | CORP              | CA        |    142800 | NS      | $18344088.00  | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                                                     | Novartis AG, ADR                                                     | CUSIP: 66987V109<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |    164618 | NS      | $18723651.32  | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Amcor PLC                                                       | Amcor PLC                                                            | CUSIP: G0250X107<br>LEI: 549300GSODGFCDQ3DI89 | Long             | EC               | CORP              | JE        |   3385862 | NS      | $31657809.70  | 3.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Stantec Inc.                                                    | Stantec Inc.                                                         | CUSIP: 85472N109<br>LEI: 549300MZ7NGUZDCP2T16 | Long             | EC               | CORP              | CA        |     31939 | NS      | $3492849.04   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Open Text Corp.                                                 | Open Text Corp.                                                      | CUSIP: 683715106<br>LEI: 549300HP7ONDQODZJV16 | Long             | EC               | CORP              | CA        |    714980 | NS      | $21041861.40  | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian National Railway Co.                                   | Canadian National Railway Co.                                        | CUSIP: 136375102<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               | CORP              | CA        |    123008 | NS      | $11495097.60  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| BCE Inc.                                                        | BCE Inc.                                                             | CUSIP: 05534B760<br>LEI: 5493001I9203PRB5KR45 | Long             | EC               | CORP              | CA        |   1529052 | NS      | $35672783.16  | 4.23%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-30

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

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Vice President