# EDGAR Filing Document

**Accession Number:** 0001378872
**File Stem:** 0001752724-25-180518
**Filing Date:** 2025-7
**Character Count:** 358756
**Document Hash:** 8e459cb4bec9be5783f357b52b95d542
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-180518.hdr.sgml**: 20250728

**ACCESSION NUMBER**: 0001752724-25-180518

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250728

**DATE AS OF CHANGE**: 20250728

**PERIOD START**: 20250831

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21977
- **FILM NUMBER:** 251154404

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

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

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

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

## Series and Classes Contracts Data

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

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

## Nport-Ex

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

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

May 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-7.53%** | **Communication Services-7.53%** | **Communication Services-7.53%** |
| Alphabet, Inc., Class A | 313557 | &nbsp;&nbsp; $53850279 |
| Alphabet, Inc., Class C | 310043 | &nbsp;&nbsp; 53590933 |
| AT&T, Inc. | 1425414 | &nbsp;&nbsp; 39626509 |
| Charter Communications, Inc., Class A<sup>(b)</sup> | 47151 | &nbsp;&nbsp; 18684527 |
| Comcast Corp., Class A | 1052358 | &nbsp;&nbsp; 36380016 |
| Electronic Arts, Inc. | 16050 | &nbsp;&nbsp; 2307669 |
| Fox Corp., Class A<sup>(c)</sup> | 43307 | &nbsp;&nbsp; 2379287 |
| Fox Corp., Class B | 46728 | &nbsp;&nbsp; 2349484 |
| Interpublic Group of Cos., Inc. (The) | 121009 | &nbsp;&nbsp; 2899376 |
| Live Nation Entertainment, Inc.<sup>(b)</sup> | 56225 | &nbsp;&nbsp; 7713508 |
| Match Group, Inc. | 33723 | &nbsp;&nbsp; 1009667 |
| Meta Platforms, Inc., Class A | 79537 | &nbsp;&nbsp; 51499412 |
| Netflix, Inc.<sup>(b)</sup> | 12656 | &nbsp;&nbsp; 15278703 |
| News Corp., Class A | 52028 | &nbsp;&nbsp; 1469271 |
| News Corp., Class B<sup>(c)</sup> | 45360 | &nbsp;&nbsp; 1484179 |
| Omnicom Group, Inc. | 58520 | &nbsp;&nbsp; 4297709 |
| Paramount Global, Class B<sup>(c)</sup> | 754704 | &nbsp;&nbsp; 9131918 |
| Take-Two Interactive Software, Inc.<sup>(b)</sup> | 7955 | &nbsp;&nbsp; 1800057 |
| TKO Group Holdings, Inc. | 5719 | &nbsp;&nbsp; 902515 |
| T-Mobile US, Inc. | 95320 | &nbsp;&nbsp; 23086504 |
| Verizon Communications, Inc. | 948366 | &nbsp;&nbsp; 41690169 |
| Walt Disney Co. (The) | 279082 | &nbsp;&nbsp; 31547429 |
| Warner Bros. Discovery, Inc.<sup>(b)</sup> | 1129818 | &nbsp;&nbsp; 11264285 |
|  |  | &nbsp;&nbsp; 414243406 |
| **Consumer Discretionary-12.06%** | **Consumer Discretionary-12.06%** | **Consumer Discretionary-12.06%** |
| Airbnb, Inc., Class A<sup>(b)</sup> | 26174 | &nbsp;&nbsp; 3376446 |
| Amazon.com, Inc.<sup>(b)</sup> | 960765 | &nbsp;&nbsp; 196966433 |
| Aptiv PLC (Jersey)<sup>(b)</sup> | 92214 | &nbsp;&nbsp; 6160817 |
| AutoZone, Inc.<sup>(b)</sup> | 1597 | &nbsp;&nbsp; 5961665 |
| Best Buy Co., Inc. | 171246 | &nbsp;&nbsp; 11350185 |
| Booking Holdings, Inc. | 1634 | &nbsp;&nbsp; 9017932 |
| &nbsp;&nbsp;&nbsp; Caesars Entertainment, Inc., (Acquired <br> 01/18/2022 - 05/30/2025; <br> Cost $4,652,893)<sup>(b)(c)(d)</sup><br>| 122773 | &nbsp;&nbsp; 3300138 |
| CarMax, Inc.<sup>(b)</sup> | 106841 | &nbsp;&nbsp; 6886971 |
| Carnival Corp.<sup>(b)</sup> | 383860 | &nbsp;&nbsp; 8913229 |
| Chipotle Mexican Grill, Inc.<sup>(b)(c)</sup> | 67449 | &nbsp;&nbsp; 3377846 |
| D.R. Horton, Inc. | 85486 | &nbsp;&nbsp; 10092477 |
| Darden Restaurants, Inc. | 18167 | &nbsp;&nbsp; 3891553 |
| Deckers Outdoor Corp.<sup>(b)</sup> | 12124 | &nbsp;&nbsp; 1279324 |
| Domino's Pizza, Inc. | 3229 | &nbsp;&nbsp; 1529965 |
| DoorDash, Inc., Class A<sup>(b)</sup> | 17060 | &nbsp;&nbsp; 3559569 |
| eBay, Inc. | 47379 | &nbsp;&nbsp; 3466721 |
| Expedia Group, Inc. | 25179 | &nbsp;&nbsp; 4198598 |
| Ford Motor Co. | 5778366 | &nbsp;&nbsp; 59979439 |
| Garmin Ltd. | 8714 | &nbsp;&nbsp; 1768681 |
| General Motors Co. | 1172242 | &nbsp;&nbsp; 58154926 |
| Genuine Parts Co. | 57708 | &nbsp;&nbsp; 7301216 |
| Hasbro, Inc.<sup>(c)</sup> | 19946 | &nbsp;&nbsp; 1330598 |
| Hilton Worldwide Holdings, Inc. | 14625 | &nbsp;&nbsp; 3633435 |
| Home Depot, Inc. (The) | 131034 | &nbsp;&nbsp; 48258512 |
| Las Vegas Sands Corp. | 78763 | &nbsp;&nbsp; 3241885 |
| Lennar Corp., Class A | 80124 | &nbsp;&nbsp; 8499554 |
| LKQ Corp.<sup>(c)</sup> | 100662 | &nbsp;&nbsp; 4073791 |
| Lowe's Cos., Inc. | 109675 | &nbsp;&nbsp; 24756938 |
| lululemon athletica, inc.<sup>(b)</sup> | 9675 | &nbsp;&nbsp; 3063782 |
| Marriott International, Inc., Class A | 30707 | &nbsp;&nbsp; 8101428 |
| McDonald's Corp. | 25844 | &nbsp;&nbsp; 8111139 |
| MGM Resorts International<sup>(b)(c)</sup> | 165970 | &nbsp;&nbsp; 5252951 |
| Mohawk Industries, Inc.<sup>(b)</sup> | 28502 | &nbsp;&nbsp; 2867586 |
| NIKE, Inc., Class B | 199682 | &nbsp;&nbsp; 12098732 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Consumer Discretionary-(continued)** | **Consumer Discretionary-(continued)** | **Consumer Discretionary-(continued)** |
| Norwegian Cruise Line Holdings Ltd.<sup>(b)</sup> | 148756 | &nbsp;&nbsp; $2625543 |
| NVR, Inc.<sup>(b)</sup> | 421 | &nbsp;&nbsp; 2995807 |
| O'Reilly Automotive, Inc.<sup>(b)</sup> | 3832 | &nbsp;&nbsp; 5240260 |
| Pool Corp.<sup>(c)</sup> | 4736 | &nbsp;&nbsp; 1423594 |
| PulteGroup, Inc. | 51746 | &nbsp;&nbsp; 5072660 |
| Ralph Lauren Corp. | 9184 | &nbsp;&nbsp; 2542223 |
| Ross Stores, Inc. | 49840 | &nbsp;&nbsp; 6982086 |
| Royal Caribbean Cruises Ltd. | 23730 | &nbsp;&nbsp; 6097898 |
| Starbucks Corp. | 109669 | &nbsp;&nbsp; 9206713 |
| Tapestry, Inc. | 28208 | &nbsp;&nbsp; 2215738 |
| Tesla, Inc.<sup>(b)</sup> | 117995 | &nbsp;&nbsp; 40880548 |
| TJX Cos., Inc. (The) | 146250 | &nbsp;&nbsp; 18559125 |
| Tractor Supply Co.<sup>(c)</sup> | 84816 | &nbsp;&nbsp; 4105094 |
| Ulta Beauty, Inc.<sup>(b)</sup> | 10323 | &nbsp;&nbsp; 4866882 |
| Williams-Sonoma, Inc. | 12853 | &nbsp;&nbsp; 2079101 |
| Wynn Resorts Ltd.<sup>(c)</sup> | 24787 | &nbsp;&nbsp; 2244215 |
| Yum! Brands, Inc. | 14617 | &nbsp;&nbsp; 2103971 |
|  |  | &nbsp;&nbsp; 663065920 |
| **Consumer Staples-13.21%** | **Consumer Staples-13.21%** | **Consumer Staples-13.21%** |
| Altria Group, Inc. | 105473 | &nbsp;&nbsp; 6392718 |
| Archer-Daniels-Midland Co. | 543544 | &nbsp;&nbsp; 26236869 |
| Brown-Forman Corp., Class B | 35137 | &nbsp;&nbsp; 1171468 |
| Bunge Global S.A. | 217380 | &nbsp;&nbsp; 16988247 |
| Church & Dwight Co., Inc. | 16744 | &nbsp;&nbsp; 1646103 |
| Clorox Co. (The) | 14526 | &nbsp;&nbsp; 1915689 |
| Coca-Cola Co. (The) | 200169 | &nbsp;&nbsp; 14432185 |
| Colgate-Palmolive Co. | 66004 | &nbsp;&nbsp; 6134412 |
| Conagra Brands, Inc. | 137360 | &nbsp;&nbsp; 3144170 |
| Constellation Brands, Inc., Class A<sup>(c)</sup> | 16565 | &nbsp;&nbsp; 2953374 |
| Costco Wholesale Corp. | 85330 | &nbsp;&nbsp; 88758559 |
| Dollar General Corp.<sup>(c)</sup> | 160623 | &nbsp;&nbsp; 15620587 |
| Dollar Tree, Inc.<sup>(b)</sup> | 150986 | &nbsp;&nbsp; 13627996 |
| Estee Lauder Cos., Inc. (The), Class A | 67897 | &nbsp;&nbsp; 4545025 |
| General Mills, Inc. | 98876 | &nbsp;&nbsp; 5365012 |
| Hershey Co. (The)<sup>(c)</sup> | 19555 | &nbsp;&nbsp; 3142293 |
| Hormel Foods Corp. | 121656 | &nbsp;&nbsp; 3732406 |
| J.M. Smucker Co. (The) | 23631 | &nbsp;&nbsp; 2661087 |
| Kellanova | 46204 | &nbsp;&nbsp; 3817836 |
| Kenvue, Inc. | 199916 | &nbsp;&nbsp; 4771995 |
| Keurig Dr Pepper, Inc. | 139590 | &nbsp;&nbsp; 4699995 |
| Kimberly-Clark Corp. | 42792 | &nbsp;&nbsp; 6151778 |
| Kraft Heinz Co. (The) | 254523 | &nbsp;&nbsp; 6803400 |
| Kroger Co. (The) | 678299 | &nbsp;&nbsp; 46280341 |
| Lamb Weston Holdings, Inc. | 36792 | &nbsp;&nbsp; 2052258 |
| McCormick & Co., Inc. | 24572 | &nbsp;&nbsp; 1787122 |
| Molson Coors Beverage Co., Class B | 58439 | &nbsp;&nbsp; 3131746 |
| Mondelez International, Inc., Class A | 168094 | &nbsp;&nbsp; 11344664 |
| Monster Beverage Corp.<sup>(b)</sup> | 41108 | &nbsp;&nbsp; 2628857 |
| PepsiCo, Inc. | 185542 | &nbsp;&nbsp; 24389496 |
| Philip Morris International, Inc. | 74729 | &nbsp;&nbsp; 13495310 |
| Procter & Gamble Co. (The) | 149942 | &nbsp;&nbsp; 25473646 |
| Sysco Corp. | 327466 | &nbsp;&nbsp; 23905018 |
| Target Corp.<sup>(c)</sup> | 297303 | &nbsp;&nbsp; 27949455 |
| The Campbell's Company<sup>(c)</sup> | 78264 | &nbsp;&nbsp; 2664107 |
| Tyson Foods, Inc., Class A | 266872 | &nbsp;&nbsp; 14987531 |
| Walgreens Boots Alliance, Inc. | 4023883 | &nbsp;&nbsp; 45268684 |
| Walmart, Inc. | 2393877 | &nbsp;&nbsp; 236323537 |
|  |  | &nbsp;&nbsp; 726394976 |
| **Energy-6.56%** | **Energy-6.56%** | **Energy-6.56%** |
| APA Corp.<sup>(c)</sup> | 147859 | &nbsp;&nbsp; 2515082 |
| Baker Hughes Co., Class A | 195488 | &nbsp;&nbsp; 7242830 |

---

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

------

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

May 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Energy-(continued)** | **Energy-(continued)** | **Energy-(continued)** |
| Chevron Corp. | 379655 | &nbsp;&nbsp; $51898838 |
| ConocoPhillips | 167224 | &nbsp;&nbsp; 14272568 |
| Coterra Energy, Inc. | 59793 | &nbsp;&nbsp; 1453568 |
| Devon Energy Corp. | 133625 | &nbsp;&nbsp; 4043492 |
| Diamondback Energy, Inc. | 22497 | &nbsp;&nbsp; 3026971 |
| EOG Resources, Inc. | 56381 | &nbsp;&nbsp; 6121285 |
| EQT Corp. | 31868 | &nbsp;&nbsp; 1756883 |
| Expand Energy Corp. | 12613 | &nbsp;&nbsp; 1464748 |
| Exxon Mobil Corp. | 932960 | &nbsp;&nbsp; 95441808 |
| Halliburton Co. | 277025 | &nbsp;&nbsp; 5426920 |
| Hess Corp. | 26690 | &nbsp;&nbsp; 3528151 |
| Kinder Morgan, Inc. | 169595 | &nbsp;&nbsp; 4755444 |
| Marathon Petroleum Corp. | 302666 | &nbsp;&nbsp; 48650533 |
| Occidental Petroleum Corp. | 175340 | &nbsp;&nbsp; 7150365 |
| ONEOK, Inc. | 69638 | &nbsp;&nbsp; 5629536 |
| Phillips 66 | 345935 | &nbsp;&nbsp; 39256704 |
| Schlumberger N.V. | 270472 | &nbsp;&nbsp; 8939100 |
| Targa Resources Corp. | 26506 | &nbsp;&nbsp; 4186093 |
| Texas Pacific Land Corp.<sup>(c)</sup> | 149 | &nbsp;&nbsp; 165990 |
| Valero Energy Corp. | 310683 | &nbsp;&nbsp; 40068787 |
| Williams Cos., Inc. (The) | 56971 | &nbsp;&nbsp; 3447315 |
|  |  | &nbsp;&nbsp; 360443011 |
| **Financials-16.21%** | **Financials-16.21%** | **Financials-16.21%** |
| Aflac, Inc. | 53962 | &nbsp;&nbsp; 5587225 |
| Allstate Corp. (The) | 96774 | &nbsp;&nbsp; 20309959 |
| American Express Co. | 85162 | &nbsp;&nbsp; 25041886 |
| American International Group, Inc. | 124714 | &nbsp;&nbsp; 10555793 |
| Ameriprise Financial, Inc. | 11222 | &nbsp;&nbsp; 5714691 |
| Aon PLC, Class A | 11857 | &nbsp;&nbsp; 4411753 |
| Apollo Global Management, Inc. | 58240 | &nbsp;&nbsp; 7611386 |
| Arch Capital Group Ltd. | 56430 | &nbsp;&nbsp; 5363107 |
| Arthur J. Gallagher & Co. | 10514 | &nbsp;&nbsp; 3652984 |
| Assurant, Inc. | 17574 | &nbsp;&nbsp; 3567171 |
| Bank of America Corp. | 1493003 | &nbsp;&nbsp; 65886222 |
| Bank of New York Mellon Corp. (The) | 147359 | &nbsp;&nbsp; 13057481 |
| Berkshire Hathaway, Inc., Class B<sup>(b)</sup> | 224324 | &nbsp;&nbsp; 113050323 |
| BlackRock, Inc. | 6867 | &nbsp;&nbsp; 6728905 |
| Blackstone, Inc., Class A | 26437 | &nbsp;&nbsp; 3668398 |
| Brown & Brown, Inc. | 12263 | &nbsp;&nbsp; 1384493 |
| Capital One Financial Corp. | 93683 | &nbsp;&nbsp; 17720139 |
| Cboe Global Markets, Inc. | 5889 | &nbsp;&nbsp; 1349288 |
| Charles Schwab Corp. (The) | 104804 | &nbsp;&nbsp; 9258385 |
| Chubb Ltd. | 58900 | &nbsp;&nbsp; 17505080 |
| Cincinnati Financial Corp. | 24159 | &nbsp;&nbsp; 3643660 |
| Citigroup, Inc. | 753229 | &nbsp;&nbsp; 56733208 |
| Citizens Financial Group, Inc. | 91775 | &nbsp;&nbsp; 3703121 |
| CME Group, Inc., Class A | 7099 | &nbsp;&nbsp; 2051611 |
| Corpay, Inc.<sup>(b)</sup> | 3587 | &nbsp;&nbsp; 1166170 |
| Erie Indemnity Co., Class A<sup>(c)</sup> | 2679 | &nbsp;&nbsp; 960448 |
| Everest Group Ltd. | 14845 | &nbsp;&nbsp; 5154036 |
| FactSet Research Systems, Inc. | 1575 | &nbsp;&nbsp; 721760 |
| Fidelity National Information Services, Inc. | 44313 | &nbsp;&nbsp; 3527758 |
| Fifth Third Bancorp | 107554 | &nbsp;&nbsp; 4107487 |
| Fiserv, Inc.<sup>(b)</sup> | 28856 | &nbsp;&nbsp; 4697468 |
| Franklin Resources, Inc.<sup>(c)</sup> | 134810 | &nbsp;&nbsp; 2917288 |
| Global Payments, Inc. | 32466 | &nbsp;&nbsp; 2454754 |
| Globe Life, Inc. | 14046 | &nbsp;&nbsp; 1711786 |
| Goldman Sachs Group, Inc. (The) | 70633 | &nbsp;&nbsp; 42411585 |
| Hartford Insurance Group, Inc. (The) | 68728 | &nbsp;&nbsp; 8923644 |
| Huntington Bancshares, Inc. | 243162 | &nbsp;&nbsp; 3800622 |
| Intercontinental Exchange, Inc. | 19565 | &nbsp;&nbsp; 3517787 |
| Invesco Ltd.<sup>(e)</sup> | 117571 | &nbsp;&nbsp; 1700077 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Financials-(continued)** | **Financials-(continued)** | **Financials-(continued)** |
| Jack Henry & Associates, Inc. | 3937 | &nbsp;&nbsp; $713266 |
| JPMorgan Chase & Co. | 371544 | &nbsp;&nbsp; 98087616 |
| KeyCorp | 176898 | &nbsp;&nbsp; 2805602 |
| KKR & Co., Inc., Class A | 61002 | &nbsp;&nbsp; 7409303 |
| Loews Corp. | 62245 | &nbsp;&nbsp; 5557856 |
| M&T Bank Corp. | 23265 | &nbsp;&nbsp; 4249120 |
| MarketAxess Holdings, Inc. | 1224 | &nbsp;&nbsp; 264886 |
| Marsh & McLennan Cos., Inc. | 31809 | &nbsp;&nbsp; 7432491 |
| Mastercard, Inc., Class A | 16035 | &nbsp;&nbsp; 9390096 |
| MetLife, Inc. | 268327 | &nbsp;&nbsp; 21085136 |
| Moody's Corp. | 4765 | &nbsp;&nbsp; 2283960 |
| Morgan Stanley | 271974 | &nbsp;&nbsp; 34820831 |
| MSCI, Inc. | 1590 | &nbsp;&nbsp; 896792 |
| Nasdaq, Inc. | 30252 | &nbsp;&nbsp; 2527252 |
| Northern Trust Corp. | 47032 | &nbsp;&nbsp; 5020196 |
| PayPal Holdings, Inc.<sup>(b)</sup> | 138879 | &nbsp;&nbsp; 9760416 |
| PNC Financial Services Group, Inc. (The) | 59436 | &nbsp;&nbsp; 10330571 |
| Principal Financial Group, Inc. | 58668 | &nbsp;&nbsp; 4569651 |
| Progressive Corp. (The) | 81242 | &nbsp;&nbsp; 23148283 |
| Prudential Financial, Inc. | 198625 | &nbsp;&nbsp; 20635151 |
| Raymond James Financial, Inc. | 32482 | &nbsp;&nbsp; 4774204 |
| Regions Financial Corp. | 132605 | &nbsp;&nbsp; 2843051 |
| S&P Global, Inc. | 8857 | &nbsp;&nbsp; 4542401 |
| State Street Corp. | 73673 | &nbsp;&nbsp; 7093236 |
| Synchrony Financial | 115530 | &nbsp;&nbsp; 6660305 |
| T. Rowe Price Group, Inc. | 22650 | &nbsp;&nbsp; 2119814 |
| Travelers Cos., Inc. (The) | 55133 | &nbsp;&nbsp; 15200168 |
| Truist Financial Corp. | 183411 | &nbsp;&nbsp; 7244734 |
| U.S. Bancorp | 303489 | &nbsp;&nbsp; 13229086 |
| Visa, Inc., Class A | 33114 | &nbsp;&nbsp; 12092902 |
| W.R. Berkley Corp. | 66081 | &nbsp;&nbsp; 4935590 |
| Wells Fargo & Co. | 548976 | &nbsp;&nbsp; 41052425 |
| Willis Towers Watson PLC | 9205 | &nbsp;&nbsp; 2913843 |
|  |  | &nbsp;&nbsp; 891019173 |
| **Health Care-17.72%** | **Health Care-17.72%** | **Health Care-17.72%** |
| Abbott Laboratories | 96438 | &nbsp;&nbsp; 12882188 |
| AbbVie, Inc. | 79500 | &nbsp;&nbsp; 14795745 |
| Agilent Technologies, Inc. | 16220 | &nbsp;&nbsp; 1815342 |
| Align Technology, Inc.<sup>(b)</sup> | 7219 | &nbsp;&nbsp; 1306206 |
| Amgen, Inc. | 31770 | &nbsp;&nbsp; 9155479 |
| Baxter International, Inc. | 111457 | &nbsp;&nbsp; 3399439 |
| Becton, Dickinson and Co. | 27549 | &nbsp;&nbsp; 4754682 |
| Biogen, Inc.<sup>(b)</sup> | 19717 | &nbsp;&nbsp; 2559069 |
| Bio-Techne Corp. | 5951 | &nbsp;&nbsp; 288028 |
| Boston Scientific Corp.<sup>(b)</sup> | 51840 | &nbsp;&nbsp; 5456678 |
| Bristol-Myers Squibb Co. | 241959 | &nbsp;&nbsp; 11681781 |
| Cardinal Health, Inc. | 525124 | &nbsp;&nbsp; 81100151 |
| Cencora, Inc. | 357529 | &nbsp;&nbsp; 104126746 |
| Centene Corp.<sup>(b)</sup> | 835909 | &nbsp;&nbsp; 47178704 |
| &nbsp;&nbsp;&nbsp; Charles River Laboratories International, <br> Inc.<sup>(b)(c)</sup><br>| 7060 | &nbsp;&nbsp; 957548 |
| Cigna Group (The) | 235348 | &nbsp;&nbsp; 74520591 |
| Cooper Cos., Inc. (The)<sup>(b)</sup> | 14842 | &nbsp;&nbsp; 1013412 |
| CVS Health Corp. | 1721653 | &nbsp;&nbsp; 110254658 |
| Danaher Corp. | 34760 | &nbsp;&nbsp; 6600924 |
| DaVita, Inc.<sup>(b)(c)</sup> | 26780 | &nbsp;&nbsp; 3649043 |
| DexCom, Inc.<sup>(b)</sup> | 17024 | &nbsp;&nbsp; 1460659 |
| Edwards Lifesciences Corp.<sup>(b)</sup> | 24888 | &nbsp;&nbsp; 1946739 |
| Elevance Health, Inc. | 128879 | &nbsp;&nbsp; 49468915 |
| Eli Lilly and Co. | 16401 | &nbsp;&nbsp; 12098526 |
| GE HealthCare Technologies, Inc. | 70031 | &nbsp;&nbsp; 4939987 |
| Gilead Sciences, Inc. | 75505 | &nbsp;&nbsp; 8311590 |

---

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

------

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

May 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Health Care-(continued)** | **Health Care-(continued)** | **Health Care-(continued)** |
| HCA Healthcare, Inc. | 67542 | &nbsp;&nbsp; $25759843 |
| Henry Schein, Inc.<sup>(b)(c)</sup> | 54081 | &nbsp;&nbsp; 3785129 |
| Hologic, Inc.<sup>(b)</sup> | 19718 | &nbsp;&nbsp; 1225868 |
| Humana, Inc. | 141490 | &nbsp;&nbsp; 32985564 |
| IDEXX Laboratories, Inc.<sup>(b)</sup> | 2862 | &nbsp;&nbsp; 1469236 |
| Incyte Corp.<sup>(b)</sup> | 18724 | &nbsp;&nbsp; 1218183 |
| Insulet Corp.<sup>(b)</sup> | 2475 | &nbsp;&nbsp; 804449 |
| Intuitive Surgical, Inc.<sup>(b)</sup> | 5045 | &nbsp;&nbsp; 2786555 |
| IQVIA Holdings, Inc.<sup>(b)</sup> | 24753 | &nbsp;&nbsp; 3473589 |
| Johnson & Johnson | 163243 | &nbsp;&nbsp; 25336946 |
| Labcorp Holdings, Inc. | 16434 | &nbsp;&nbsp; 4091573 |
| McKesson Corp. | 161124 | &nbsp;&nbsp; 115930329 |
| Medtronic PLC | 108274 | &nbsp;&nbsp; 8984577 |
| Merck & Co., Inc. | 205147 | &nbsp;&nbsp; 15763495 |
| Mettler-Toledo International, Inc.<sup>(b)</sup> | 956 | &nbsp;&nbsp; 1104677 |
| Moderna, Inc.<sup>(b)(c)</sup> | 27610 | &nbsp;&nbsp; 733322 |
| Molina Healthcare, Inc.<sup>(b)</sup> | 38612 | &nbsp;&nbsp; 11778204 |
| Pfizer, Inc. | 740697 | &nbsp;&nbsp; 17398973 |
| Quest Diagnostics, Inc. | 17687 | &nbsp;&nbsp; 3065865 |
| Regeneron Pharmaceuticals, Inc. | 6163 | &nbsp;&nbsp; 3021596 |
| ResMed, Inc. | 6669 | &nbsp;&nbsp; 1632505 |
| Revvity, Inc.<sup>(c)</sup> | 7334 | &nbsp;&nbsp; 663140 |
| Solventum Corp.<sup>(b)</sup> | 33245 | &nbsp;&nbsp; 2429877 |
| STERIS PLC | 7148 | &nbsp;&nbsp; 1752761 |
| Stryker Corp. | 18592 | &nbsp;&nbsp; 7114043 |
| Thermo Fisher Scientific, Inc. | 24996 | &nbsp;&nbsp; 10068889 |
| UnitedHealth Group, Inc. | 249269 | &nbsp;&nbsp; 75256804 |
| Universal Health Services, Inc., Class B | 28344 | &nbsp;&nbsp; 5395280 |
| Vertex Pharmaceuticals, Inc.<sup>(b)</sup> | 6612 | &nbsp;&nbsp; 2922835 |
| Viatris, Inc. | 473861 | &nbsp;&nbsp; 4165238 |
| Waters Corp.<sup>(b)(c)</sup> | 2357 | &nbsp;&nbsp; 823159 |
| West Pharmaceutical Services, Inc. | 3871 | &nbsp;&nbsp; 816200 |
| Zimmer Biomet Holdings, Inc. | 22012 | &nbsp;&nbsp; 2028846 |
| Zoetis, Inc. | 17096 | &nbsp;&nbsp; 2882898 |
|  |  | &nbsp;&nbsp; 974393278 |
| **Industrials-9.68%** | **Industrials-9.68%** | **Industrials-9.68%** |
| 3M Co. | 52730 | &nbsp;&nbsp; 7822495 |
| A.O. Smith Corp. | 17358 | &nbsp;&nbsp; 1116293 |
| Allegion PLC | 9065 | &nbsp;&nbsp; 1293576 |
| AMETEK, Inc. | 11652 | &nbsp;&nbsp; 2082678 |
| Automatic Data Processing, Inc. | 20161 | &nbsp;&nbsp; 6563010 |
| Axon Enterprise, Inc.<sup>(b)</sup> | 1161 | &nbsp;&nbsp; 871168 |
| Boeing Co. (The)<sup>(b)</sup> | 125361 | &nbsp;&nbsp; 25989843 |
| Broadridge Financial Solutions, Inc. | 8851 | &nbsp;&nbsp; 2149288 |
| Builders FirstSource, Inc.<sup>(b)</sup> | 37765 | &nbsp;&nbsp; 4066535 |
| C.H. Robinson Worldwide, Inc. | 54963 | &nbsp;&nbsp; 5274799 |
| Carrier Global Corp. | 109432 | &nbsp;&nbsp; 7791558 |
| Caterpillar, Inc. | 57360 | &nbsp;&nbsp; 19963001 |
| Cintas Corp. | 15423 | &nbsp;&nbsp; 3493310 |
| Copart, Inc.<sup>(b)</sup> | 25384 | &nbsp;&nbsp; 1306768 |
| CSX Corp. | 146773 | &nbsp;&nbsp; 4636559 |
| Cummins, Inc. | 30909 | &nbsp;&nbsp; 9936625 |
| Dayforce, Inc.<sup>(b)(c)</sup> | 9892 | &nbsp;&nbsp; 584419 |
| Deere & Co. | 30513 | &nbsp;&nbsp; 15447511 |
| Delta Air Lines, Inc. | 407280 | &nbsp;&nbsp; 19708279 |
| Dover Corp. | 13422 | &nbsp;&nbsp; 2385761 |
| Eaton Corp. PLC | 25448 | &nbsp;&nbsp; 8148450 |
| Emerson Electric Co. | 47269 | &nbsp;&nbsp; 5642973 |
| Equifax, Inc. | 7057 | &nbsp;&nbsp; 1864389 |
| &nbsp;&nbsp;&nbsp; Expeditors International of Washington, <br> Inc.<br>| 26972 | &nbsp;&nbsp; 3040554 |
| Fastenal Co. | 59327 | &nbsp;&nbsp; 2452578 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Industrials-(continued)** | **Industrials-(continued)** | **Industrials-(continued)** |
| FedEx Corp. | 107411 | &nbsp;&nbsp; $23426339 |
| Fortive Corp. | 25210 | &nbsp;&nbsp; 1769490 |
| GE Vernova, Inc. | 35024 | &nbsp;&nbsp; 16565652 |
| Generac Holdings, Inc.<sup>(b)</sup> | 9718 | &nbsp;&nbsp; 1186859 |
| General Dynamics Corp. | 54923 | &nbsp;&nbsp; 15295506 |
| General Electric Co. | 70293 | &nbsp;&nbsp; 17285752 |
| Honeywell International, Inc. | 55928 | &nbsp;&nbsp; 12677200 |
| Howmet Aerospace, Inc. | 17333 | &nbsp;&nbsp; 2944703 |
| Hubbell, Inc. | 4989 | &nbsp;&nbsp; 1943615 |
| Huntington Ingalls Industries, Inc. | 17928 | &nbsp;&nbsp; 3999020 |
| IDEX Corp. | 5318 | &nbsp;&nbsp; 962079 |
| Illinois Tool Works, Inc. | 18907 | &nbsp;&nbsp; 4633728 |
| Ingersoll Rand, Inc.<sup>(c)</sup> | 26475 | &nbsp;&nbsp; 2161419 |
| J.B. Hunt Transport Services, Inc. | 23377 | &nbsp;&nbsp; 3245896 |
| Jacobs Solutions, Inc. | 35276 | &nbsp;&nbsp; 4455359 |
| Johnson Controls International PLC | 97544 | &nbsp;&nbsp; 9888035 |
| L3Harris Technologies, Inc. | 30453 | &nbsp;&nbsp; 7440886 |
| Leidos Holdings, Inc. | 37203 | &nbsp;&nbsp; 5525390 |
| Lennox International, Inc. | 2830 | &nbsp;&nbsp; 1597394 |
| Lockheed Martin Corp. | 46072 | &nbsp;&nbsp; 22224211 |
| Masco Corp. | 32829 | &nbsp;&nbsp; 2049186 |
| Nordson Corp. | 3914 | &nbsp;&nbsp; 829729 |
| Norfolk Southern Corp. | 15643 | &nbsp;&nbsp; 3865698 |
| Northrop Grumman Corp. | 25891 | &nbsp;&nbsp; 12551180 |
| Old Dominion Freight Line, Inc. | 10559 | &nbsp;&nbsp; 1691235 |
| Otis Worldwide Corp. | 42631 | &nbsp;&nbsp; 4064866 |
| PACCAR, Inc. | 98385 | &nbsp;&nbsp; 9233432 |
| Parker-Hannifin Corp. | 9697 | &nbsp;&nbsp; 6445596 |
| Paychex, Inc. | 11042 | &nbsp;&nbsp; 1743642 |
| Paycom Software, Inc. | 2696 | &nbsp;&nbsp; 698507 |
| Pentair PLC | 14285 | &nbsp;&nbsp; 1416786 |
| Quanta Services, Inc. | 28471 | &nbsp;&nbsp; 9753026 |
| Republic Services, Inc. | 20786 | &nbsp;&nbsp; 5348030 |
| Rockwell Automation, Inc. | 9195 | &nbsp;&nbsp; 2901482 |
| Rollins, Inc. | 19980 | &nbsp;&nbsp; 1143855 |
| RTX Corp. | 188857 | &nbsp;&nbsp; 25775203 |
| Snap-on, Inc.<sup>(c)</sup> | 4667 | &nbsp;&nbsp; 1496940 |
| Southwest Airlines Co.<sup>(c)</sup> | 272429 | &nbsp;&nbsp; 9093680 |
| Stanley Black & Decker, Inc. | 56495 | &nbsp;&nbsp; 3696468 |
| Textron, Inc. | 56237 | &nbsp;&nbsp; 4163225 |
| Trane Technologies PLC | 17441 | &nbsp;&nbsp; 7504339 |
| TransDigm Group, Inc. | 1851 | &nbsp;&nbsp; 2718064 |
| Uber Technologies, Inc.<sup>(b)</sup> | 184874 | &nbsp;&nbsp; 15558996 |
| Union Pacific Corp. | 30467 | &nbsp;&nbsp; 6753315 |
| United Airlines Holdings, Inc.<sup>(b)</sup> | 235701 | &nbsp;&nbsp; 18725266 |
| United Parcel Service, Inc., Class B | 236024 | &nbsp;&nbsp; 23021781 |
| United Rentals, Inc. | 7520 | &nbsp;&nbsp; 5327018 |
| Veralto Corp. | 16193 | &nbsp;&nbsp; 1635979 |
| Verisk Analytics, Inc. | 2989 | &nbsp;&nbsp; 938964 |
| W.W. Grainger, Inc. | 5301 | &nbsp;&nbsp; 5765156 |
| Wabtec Corp. | 17601 | &nbsp;&nbsp; 3561034 |
| Waste Management, Inc. | 29580 | &nbsp;&nbsp; 7127893 |
| Xylem, Inc. | 20840 | &nbsp;&nbsp; 2626674 |
|  |  | &nbsp;&nbsp; 532087198 |
| **Information Technology-11.07%** | **Information Technology-11.07%** | **Information Technology-11.07%** |
| Accenture PLC, Class A (Ireland) | 61239 | &nbsp;&nbsp; 19401740 |
| Adobe, Inc.<sup>(b)</sup> | 15002 | &nbsp;&nbsp; 6227180 |
| Advanced Micro Devices, Inc.<sup>(b)</sup> | 76327 | &nbsp;&nbsp; 8451689 |
| Akamai Technologies, Inc.<sup>(b)</sup> | 14962 | &nbsp;&nbsp; 1136065 |
| Amphenol Corp., Class A | 72272 | &nbsp;&nbsp; 6499421 |
| Analog Devices, Inc. | 13466 | &nbsp;&nbsp; 2881455 |
| ANSYS, Inc.<sup>(b)</sup> | 2382 | &nbsp;&nbsp; 788013 |

---

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

------

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

May 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Information Technology-(continued)** | **Information Technology-(continued)** | **Information Technology-(continued)** |
| Apple, Inc. | 546306 | &nbsp;&nbsp; $109725560 |
| Applied Materials, Inc. | 55557 | &nbsp;&nbsp; 8708560 |
| Arista Networks, Inc.<sup>(b)</sup> | 26042 | &nbsp;&nbsp; 2256279 |
| Autodesk, Inc.<sup>(b)</sup> | 7210 | &nbsp;&nbsp; 2135025 |
| Broadcom, Inc. | 84037 | &nbsp;&nbsp; 20342837 |
| Cadence Design Systems, Inc.<sup>(b)</sup> | 5821 | &nbsp;&nbsp; 1671034 |
| CDW Corp. | 37569 | &nbsp;&nbsp; 6775945 |
| Cisco Systems, Inc. | 268194 | &nbsp;&nbsp; 16906950 |
| &nbsp;&nbsp;&nbsp; Cognizant Technology Solutions Corp., <br> Class A<br>| 74074 | &nbsp;&nbsp; 5999253 |
| Corning, Inc. | 86251 | &nbsp;&nbsp; 4277187 |
| CrowdStrike Holdings, Inc., Class A<sup>(b)</sup> | 3443 | &nbsp;&nbsp; 1622927 |
| Dell Technologies, Inc., Class C | 302510 | &nbsp;&nbsp; 33660288 |
| Enphase Energy, Inc.<sup>(b)</sup> | 6777 | &nbsp;&nbsp; 280500 |
| EPAM Systems, Inc.<sup>(b)(c)</sup> | 7415 | &nbsp;&nbsp; 1293843 |
| F5, Inc.<sup>(b)</sup> | 3342 | &nbsp;&nbsp; 953740 |
| Fair Isaac Corp.<sup>(b)</sup> | 301 | &nbsp;&nbsp; 519610 |
| First Solar, Inc.<sup>(b)(c)</sup> | 9203 | &nbsp;&nbsp; 1454810 |
| Fortinet, Inc.<sup>(b)</sup> | 18114 | &nbsp;&nbsp; 1843643 |
| Gartner, Inc.<sup>(b)</sup> | 4080 | &nbsp;&nbsp; 1780594 |
| Gen Digital, Inc. | 43495 | &nbsp;&nbsp; 1238738 |
| GoDaddy, Inc., Class A<sup>(b)</sup> | 7858 | &nbsp;&nbsp; 1431335 |
| Hewlett Packard Enterprise Co. | 618587 | &nbsp;&nbsp; 10689183 |
| HP, Inc. | 563503 | &nbsp;&nbsp; 14031225 |
| Intel Corp. | 768522 | &nbsp;&nbsp; 15024605 |
| International Business Machines Corp. | 75230 | &nbsp;&nbsp; 19489084 |
| Intuit, Inc. | 8667 | &nbsp;&nbsp; 6530324 |
| Jabil, Inc. | 61363 | &nbsp;&nbsp; 10309598 |
| Juniper Networks, Inc. | 42461 | &nbsp;&nbsp; 1525624 |
| Keysight Technologies, Inc.<sup>(b)</sup> | 10025 | &nbsp;&nbsp; 1574326 |
| KLA Corp. | 4782 | &nbsp;&nbsp; 3619400 |
| Lam Research Corp. | 63146 | &nbsp;&nbsp; 5101565 |
| Microchip Technology, Inc. | 27389 | &nbsp;&nbsp; 1589658 |
| Micron Technology, Inc. | 90796 | &nbsp;&nbsp; 8576590 |
| Microsoft Corp. | 204615 | &nbsp;&nbsp; 94196561 |
| Monolithic Power Systems, Inc. | 1175 | &nbsp;&nbsp; 777732 |
| Motorola Solutions, Inc. | 7856 | &nbsp;&nbsp; 3263225 |
| NetApp, Inc. | 21251 | &nbsp;&nbsp; 2107249 |
| NVIDIA Corp. | 337837 | &nbsp;&nbsp; 45651914 |
| NXP Semiconductors N.V. (Netherlands) | 18366 | &nbsp;&nbsp; 3510294 |
| ON Semiconductor Corp.<sup>(b)</sup> | 49349 | &nbsp;&nbsp; 2073645 |
| Oracle Corp. | 110655 | &nbsp;&nbsp; 18316722 |
| Palantir Technologies, Inc., Class A<sup>(b)</sup> | 10250 | &nbsp;&nbsp; 1350745 |
| Palo Alto Networks, Inc.<sup>(b)</sup> | 14291 | &nbsp;&nbsp; 2749874 |
| PTC, Inc.<sup>(b)</sup> | 4395 | &nbsp;&nbsp; 739766 |
| QUALCOMM, Inc. | 79769 | &nbsp;&nbsp; 11582459 |
| Roper Technologies, Inc. | 3736 | &nbsp;&nbsp; 2130529 |
| Salesforce, Inc. | 39889 | &nbsp;&nbsp; 10585344 |
| Seagate Technology Holdings PLC<sup>(c)</sup> | 27671 | &nbsp;&nbsp; 3263518 |
| ServiceNow, Inc.<sup>(b)</sup> | 3907 | &nbsp;&nbsp; 3950329 |
| Skyworks Solutions, Inc. | 17771 | &nbsp;&nbsp; 1226732 |
| Super Micro Computer, Inc.<sup>(b)(c)</sup> | 145941 | &nbsp;&nbsp; 5840559 |
| Synopsys, Inc.<sup>(b)</sup> | 4193 | &nbsp;&nbsp; 1945468 |
| TE Connectivity PLC (Switzerland) | 33014 | &nbsp;&nbsp; 5284551 |
| Teledyne Technologies, Inc.<sup>(b)</sup> | 3527 | &nbsp;&nbsp; 1759479 |
| Teradyne, Inc. | 9643 | &nbsp;&nbsp; 757940 |
| Texas Instruments, Inc. | 26542 | &nbsp;&nbsp; 4853205 |
| Trimble, Inc.<sup>(b)</sup> | 16268 | &nbsp;&nbsp; 1159420 |
| Tyler Technologies, Inc.<sup>(b)</sup> | 1168 | &nbsp;&nbsp; 673924 |
| VeriSign, Inc. | 1981 | &nbsp;&nbsp; 539763 |
| Western Digital Corp.<sup>(b)</sup> | 108377 | &nbsp;&nbsp; 5586834 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Information Technology-(continued)** | **Information Technology-(continued)** | **Information Technology-(continued)** |
| Workday, Inc., Class A<sup>(b)</sup> | 10421 | &nbsp;&nbsp; $2581386 |
| Zebra Technologies Corp., Class A<sup>(b)</sup> | 5387 | &nbsp;&nbsp; 1560991 |
|  |  | &nbsp;&nbsp; 608345561 |
| **Materials-2.36%** | **Materials-2.36%** | **Materials-2.36%** |
| Air Products and Chemicals, Inc. | 12225 | &nbsp;&nbsp; 3409675 |
| Albemarle Corp.<sup>(c)</sup> | 22025 | &nbsp;&nbsp; 1228114 |
| Amcor PLC | 406734 | &nbsp;&nbsp; 3705347 |
| Avery Dennison Corp. | 14776 | &nbsp;&nbsp; 2626138 |
| Ball Corp. | 68609 | &nbsp;&nbsp; 3676070 |
| CF Industries Holdings, Inc. | 22747 | &nbsp;&nbsp; 2063380 |
| Corteva, Inc. | 85481 | &nbsp;&nbsp; 6052055 |
| Dow, Inc. | 360250 | &nbsp;&nbsp; 9993335 |
| DuPont de Nemours, Inc. | 48903 | &nbsp;&nbsp; 3266720 |
| Eastman Chemical Co.<sup>(c)</sup> | 30276 | &nbsp;&nbsp; 2372730 |
| Ecolab, Inc. | 18363 | &nbsp;&nbsp; 4877580 |
| Freeport-McMoRan, Inc.<sup>(c)</sup> | 203881 | &nbsp;&nbsp; 7845341 |
| International Flavors & Fragrances, Inc. | 43094 | &nbsp;&nbsp; 3299277 |
| International Paper Co. | 109688 | &nbsp;&nbsp; 5244183 |
| Linde PLC | 21932 | &nbsp;&nbsp; 10254965 |
| LyondellBasell Industries N.V., Class A | 167474 | &nbsp;&nbsp; 9460606 |
| Martin Marietta Materials, Inc. | 4204 | &nbsp;&nbsp; 2301900 |
| Mosaic Co. (The) | 134441 | &nbsp;&nbsp; 4858698 |
| Newmont Corp. | 127395 | &nbsp;&nbsp; 6716264 |
| Nucor Corp. | 70060 | &nbsp;&nbsp; 7661762 |
| Packaging Corp. of America | 12695 | &nbsp;&nbsp; 2452293 |
| PPG Industries, Inc. | 46757 | &nbsp;&nbsp; 5180676 |
| Sherwin-Williams Co. (The) | 19696 | &nbsp;&nbsp; 7067122 |
| Smurfit WestRock PLC | 142300 | &nbsp;&nbsp; 6165859 |
| Steel Dynamics, Inc. | 42323 | &nbsp;&nbsp; 5208692 |
| Vulcan Materials Co. | 9846 | &nbsp;&nbsp; 2609879 |
|  |  | &nbsp;&nbsp; 129598661 |
| **Real Estate-0.90%** | **Real Estate-0.90%** | **Real Estate-0.90%** |
| Alexandria Real Estate Equities, Inc. | 9406 | &nbsp;&nbsp; 660207 |
| American Tower Corp. | 15581 | &nbsp;&nbsp; 3344462 |
| AvalonBay Communities, Inc. | 4213 | &nbsp;&nbsp; 871122 |
| BXP, Inc.<sup>(c)</sup> | 15378 | &nbsp;&nbsp; 1035401 |
| Camden Property Trust | 3936 | &nbsp;&nbsp; 462441 |
| CBRE Group, Inc., Class A<sup>(b)</sup> | 84228 | &nbsp;&nbsp; 10530184 |
| CoStar Group, Inc.<sup>(b)</sup> | 10634 | &nbsp;&nbsp; 782237 |
| Crown Castle, Inc. | 20598 | &nbsp;&nbsp; 2067009 |
| Digital Realty Trust, Inc. | 10926 | &nbsp;&nbsp; 1874027 |
| Equinix, Inc. | 3056 | &nbsp;&nbsp; 2716234 |
| Equity Residential | 12827 | &nbsp;&nbsp; 899686 |
| Essex Property Trust, Inc. | 1824 | &nbsp;&nbsp; 517834 |
| Extra Space Storage, Inc. | 6513 | &nbsp;&nbsp; 984440 |
| Federal Realty Investment Trust | 3723 | &nbsp;&nbsp; 355472 |
| Healthpeak Properties, Inc. | 39858 | &nbsp;&nbsp; 693928 |
| Host Hotels & Resorts, Inc. | 112188 | &nbsp;&nbsp; 1737792 |
| Invitation Homes, Inc. | 24274 | &nbsp;&nbsp; 818034 |
| Iron Mountain, Inc. | 21250 | &nbsp;&nbsp; 2097587 |
| Kimco Realty Corp. | 29376 | &nbsp;&nbsp; 624534 |
| Mid-America Apartment Communities, Inc. | 4055 | &nbsp;&nbsp; 635216 |
| Prologis, Inc.<sup>(c)</sup> | 21173 | &nbsp;&nbsp; 2299388 |
| Public Storage | 4606 | &nbsp;&nbsp; 1420536 |
| Realty Income Corp. | 28077 | &nbsp;&nbsp; 1589720 |
| Regency Centers Corp. | 6058 | &nbsp;&nbsp; 437085 |
| SBA Communications Corp., Class A<sup>(c)</sup> | 3722 | &nbsp;&nbsp; 863094 |
| Simon Property Group, Inc. | 10737 | &nbsp;&nbsp; 1750883 |
| UDR, Inc. | 11577 | &nbsp;&nbsp; 479635 |
| Ventas, Inc. | 22128 | &nbsp;&nbsp; 1422388 |
| VICI Properties, Inc. | 35748 | &nbsp;&nbsp; 1133569 |

---

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

------

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

May 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Real Estate-(continued)** | **Real Estate-(continued)** | **Real Estate-(continued)** |
| Welltower, Inc. | 16126 | &nbsp;&nbsp; $2487919 |
| Weyerhaeuser Co. | 72587 | &nbsp;&nbsp; 1880729 |
|  |  | &nbsp;&nbsp; 49472793 |
| **Utilities-2.60%** | **Utilities-2.60%** | **Utilities-2.60%** |
| AES Corp. (The) | 309650 | &nbsp;&nbsp; 3124368 |
| Alliant Energy Corp. | 19129 | &nbsp;&nbsp; 1190398 |
| Ameren Corp. | 23367 | &nbsp;&nbsp; 2263795 |
| American Electric Power Co., Inc. | 57669 | &nbsp;&nbsp; 5968165 |
| American Water Works Co., Inc. | 9964 | &nbsp;&nbsp; 1424553 |
| Atmos Energy Corp. | 8491 | &nbsp;&nbsp; 1313388 |
| CenterPoint Energy, Inc.<sup>(c)</sup> | 74614 | &nbsp;&nbsp; 2778625 |
| CMS Energy Corp. | 31457 | &nbsp;&nbsp; 2209225 |
| Consolidated Edison, Inc. | 44328 | &nbsp;&nbsp; 4631833 |
| Constellation Energy Corp. | 32841 | &nbsp;&nbsp; 10054272 |
| Dominion Energy, Inc. | 79703 | &nbsp;&nbsp; 4516769 |
| DTE Energy Co. | 28048 | &nbsp;&nbsp; 3832759 |
| Duke Energy Corp. | 77687 | &nbsp;&nbsp; 9145314 |
| Edison International | 94603 | &nbsp;&nbsp; 5264657 |
| Entergy Corp. | 42920 | &nbsp;&nbsp; 3574378 |
| Evergy, Inc. | 26205 | &nbsp;&nbsp; 1740274 |
| Eversource Energy | 59688 | &nbsp;&nbsp; 3868379 |
| Exelon Corp. | 161252 | &nbsp;&nbsp; 7066063 |
| FirstEnergy Corp. | 105169 | &nbsp;&nbsp; 4410788 |
| NextEra Energy, Inc. | 99877 | &nbsp;&nbsp; 7055311 |
| NiSource, Inc. | 41678 | &nbsp;&nbsp; 1647948 |
| NRG Energy, Inc. | 91021 | &nbsp;&nbsp; 14190174 |
| PG&E Corp. | 449166 | &nbsp;&nbsp; 7581922 |
| Pinnacle West Capital Corp. | 16790 | &nbsp;&nbsp; 1531752 |
| PPL Corp. | 74312 | &nbsp;&nbsp; 2582342 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Utilities-(continued)** | **Utilities-(continued)** | **Utilities-(continued)** |
| Public Service Enterprise Group, Inc. | 38515 | &nbsp;&nbsp; $3120870 |
| Sempra | 56093 | &nbsp;&nbsp; 4408349 |
| Southern Co. (The) | 89887 | &nbsp;&nbsp; 8089830 |
| Vistra Corp. | 47442 | &nbsp;&nbsp; 7617762 |
| WEC Energy Group, Inc. | 24475 | &nbsp;&nbsp; 2629594 |
| Xcel Energy, Inc. | 58384 | &nbsp;&nbsp; 4092718 |
|  |  | &nbsp;&nbsp; 142926575 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.90% <br>(Cost $4,851,984,545) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.90% <br>(Cost $4,851,984,545) | &nbsp;&nbsp; 5491990552 |
| **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-1.06%** | **Money Market Funds-1.06%** | **Money Market Funds-1.06%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 4.29%<sup>(e)(f)(g)</sup><br>| 13983939 | &nbsp;&nbsp; 13983939 |
| Invesco Private Prime Fund, 4.45%<sup>(e)(f)(g)</sup> | 44065889 | &nbsp;&nbsp; 44074702 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $58,058,641) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $58,058,641) | &nbsp;&nbsp; 58058641 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-100.96% <br>(Cost $4,910,043,186) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-100.96% <br>(Cost $4,910,043,186) | &nbsp;&nbsp; 5550049193 |
| OTHER ASSETS LESS LIABILITIES-(0.96)% | OTHER ASSETS LESS LIABILITIES-(0.96)% | &nbsp;&nbsp; (52708952)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $5497340241 |

---

&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 May 31, 2025. |
| <sup>(d)</sup> | Restricted security. The value of this security at May 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 nine months ended May 31, 2025.<br>|

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**August 31, 2024**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Value** <br>**May 31, 2025**<br>| **Dividend Income** |
| &nbsp;&nbsp; Invesco Ltd. | &nbsp;&nbsp;&nbsp; $1381299 | &nbsp;&nbsp;&nbsp; $932394 | &nbsp;&nbsp;&nbsp; $(333910)<br>| &nbsp;&nbsp;&nbsp; $(247116)<br>| &nbsp;&nbsp;&nbsp; $(32590)<br>| &nbsp;&nbsp;&nbsp; $1700077 | &nbsp;&nbsp;&nbsp; $60163 |
| **Investments in** <br> **Affiliated Money** <br> **Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & <br> Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 69464973 | &nbsp;&nbsp;&nbsp; (69464973)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 69842 |

---

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

------

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

May 31, 2025

*(Unaudited)*

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value**<br> **August 31, 2024**<br>| **Purchases**<br> **at Cost**<br>| **Proceeds**<br> **from Sales**<br>| **Change in**<br> **Unrealized**<br> **Appreciation**<br> **(Depreciation)**<br>| **Realized**<br> **Gain**<br> **(Loss)**<br>| **Value**<br> **May 31, 2025**<br>| **Dividend Income** |
| **Investments** <br> **Purchased with Cash** <br> **Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; $36153465 | &nbsp;&nbsp;&nbsp; $352665219 | &nbsp;&nbsp;&nbsp; $(374834745)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $13983939 | &nbsp;&nbsp;&nbsp; $892,845<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime <br> Fund<br>| &nbsp;&nbsp;&nbsp; 94341793 | &nbsp;&nbsp;&nbsp; 744077303 | &nbsp;&nbsp;&nbsp; (794329237)<br>| &nbsp;&nbsp;&nbsp; (5515)<br>| &nbsp;&nbsp;&nbsp; (9642)<br>| &nbsp;&nbsp;&nbsp; 44074702 | &nbsp;&nbsp;&nbsp; 2,400,848<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $131876557 | &nbsp;&nbsp;&nbsp; $1167139889 | &nbsp;&nbsp;&nbsp; $(1238962865)<br>| &nbsp;&nbsp;&nbsp; $(252631)<br>| &nbsp;&nbsp;&nbsp; $(42232)<br>| &nbsp;&nbsp;&nbsp; $59758718 | &nbsp;&nbsp;&nbsp; $3423698 |

---

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

May 31, 2025

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-99.86%** | **Common Stocks & Other Equity Interests-99.86%** | **Common Stocks & Other Equity Interests-99.86%** |
| **Communication Services-1.31%** | **Communication Services-1.31%** | **Communication Services-1.31%** |
| EchoStar Corp., Class A<sup>(b)(c)</sup> | 197258 | &nbsp;&nbsp; $3497384 |
| Frontier Communications Parent, Inc.<sup>(b)</sup> | 54373 | &nbsp;&nbsp; 1969934 |
| Iridium Communications, Inc. | 9972 | &nbsp;&nbsp; 253289 |
| New York Times Co. (The), Class A | 17721 | &nbsp;&nbsp; 1012223 |
| Nexstar Media Group, Inc., Class A | 10495 | &nbsp;&nbsp; 1788558 |
| Warner Music Group Corp., Class A<sup>(c)</sup> | 62175 | &nbsp;&nbsp; 1636446 |
| ZoomInfo Technologies, Inc., Class A<sup>(b)(c)</sup> | 36443 | &nbsp;&nbsp; 348031 |
|  |  | &nbsp;&nbsp; 10505865 |
| **Consumer Discretionary-20.36%** | **Consumer Discretionary-20.36%** | **Consumer Discretionary-20.36%** |
| Abercrombie & Fitch Co., Class A<sup>(b)</sup> | 21234 | &nbsp;&nbsp; 1666657 |
| Aramark<sup>(c)</sup> | 167308 | &nbsp;&nbsp; 6775974 |
| Autoliv, Inc. (Sweden) | 37460 | &nbsp;&nbsp; 3851637 |
| AutoNation, Inc.<sup>(b)</sup> | 53138 | &nbsp;&nbsp; 9769421 |
| Bath & Body Works, Inc. | 81916 | &nbsp;&nbsp; 2303478 |
| Boyd Gaming Corp. | 19199 | &nbsp;&nbsp; 1439349 |
| Brunswick Corp. | 30416 | &nbsp;&nbsp; 1539658 |
| Burlington Stores, Inc.<sup>(b)</sup> | 14354 | &nbsp;&nbsp; 3276588 |
| Capri Holdings Ltd.<sup>(b)(c)</sup> | 78035 | &nbsp;&nbsp; 1413994 |
| Chewy, Inc., Class A<sup>(b)</sup> | 113131 | &nbsp;&nbsp; 5119178 |
| Choice Hotels International, Inc.<sup>(c)</sup> | 4000 | &nbsp;&nbsp; 506720 |
| Churchill Downs, Inc.<sup>(c)</sup> | 8429 | &nbsp;&nbsp; 804717 |
| Columbia Sportswear Co.<sup>(c)</sup> | 14056 | &nbsp;&nbsp; 896492 |
| Crocs, Inc.<sup>(b)</sup> | 13220 | &nbsp;&nbsp; 1348440 |
| Dick's Sporting Goods, Inc. | 22615 | &nbsp;&nbsp; 4055774 |
| Duolingo, Inc.<sup>(b)</sup> | 837 | &nbsp;&nbsp; 434914 |
| Five Below, Inc.<sup>(b)(c)</sup> | 17041 | &nbsp;&nbsp; 1986469 |
| Floor & Decor Holdings, Inc., Class A<sup>(b)(c)</sup> | 16371 | &nbsp;&nbsp; 1173637 |
| GameStop Corp., Class A<sup>(b)</sup> | 64707 | &nbsp;&nbsp; 1928269 |
| Gap, Inc. (The) | 235522 | &nbsp;&nbsp; 5254496 |
| Gentex Corp.<sup>(c)</sup> | 31101 | &nbsp;&nbsp; 670849 |
| Goodyear Tire & Rubber Co. (The)<sup>(b)(c)</sup> | 666456 | &nbsp;&nbsp; 7604263 |
| Graham Holdings Co., Class B | 1720 | &nbsp;&nbsp; 1641585 |
| Grand Canyon Education, Inc.<sup>(b)</sup> | 1997 | &nbsp;&nbsp; 395096 |
| H&R Block, Inc. | 23663 | &nbsp;&nbsp; 1347608 |
| Harley-Davidson, Inc. | 69565 | &nbsp;&nbsp; 1684169 |
| Hilton Grand Vacations, Inc.<sup>(b)(c)</sup> | 45949 | &nbsp;&nbsp; 1753873 |
| Hyatt Hotels Corp., Class A | 17621 | &nbsp;&nbsp; 2326501 |
| KB Home | 37052 | &nbsp;&nbsp; 1911142 |
| Lear Corp. | 80677 | &nbsp;&nbsp; 7294814 |
| Light & Wonder, Inc.<sup>(b)(c)</sup> | 10268 | &nbsp;&nbsp; 925352 |
| Lithia Motors, Inc., Class A | 39844 | &nbsp;&nbsp; 12626962 |
| Macy's, Inc. | 542624 | &nbsp;&nbsp; 6451799 |
| Marriott Vacations Worldwide Corp. | 23771 | &nbsp;&nbsp; 1565558 |
| Mattel, Inc.<sup>(b)</sup> | 86197 | &nbsp;&nbsp; 1632571 |
| Murphy USA, Inc. | 14715 | &nbsp;&nbsp; 6280215 |
| Ollie's Bargain Outlet Holdings, Inc.<sup>(b)(c)</sup> | 7229 | &nbsp;&nbsp; 805672 |
| Penske Automotive Group, Inc. | 63560 | &nbsp;&nbsp; 10435281 |
| Planet Fitness, Inc., Class A<sup>(b)</sup> | 4120 | &nbsp;&nbsp; 423660 |
| Polaris, Inc. | 53022 | &nbsp;&nbsp; 2079523 |
| PVH Corp. | 43443 | &nbsp;&nbsp; 3639220 |
| RH<sup>(b)(c)</sup> | 4232 | &nbsp;&nbsp; 766457 |
| Service Corp. International | 17536 | &nbsp;&nbsp; 1367808 |
| Skechers U.S.A., Inc., Class A<sup>(b)</sup> | 52214 | &nbsp;&nbsp; 3239356 |
| Somnigroup International, Inc.<sup>(c)</sup> | 28832 | &nbsp;&nbsp; 1875810 |
| Taylor Morrison Home Corp., Class A<sup>(b)</sup> | 45085 | &nbsp;&nbsp; 2537384 |
| Texas Roadhouse, Inc. | 10058 | &nbsp;&nbsp; 1963422 |
| Thor Industries, Inc.<sup>(c)</sup> | 39754 | &nbsp;&nbsp; 3227627 |
| Toll Brothers, Inc. | 33130 | &nbsp;&nbsp; 3453802 |
| TopBuild Corp.<sup>(b)</sup> | 5775 | &nbsp;&nbsp; 1633690 |
| Travel + Leisure Co. | 26145 | &nbsp;&nbsp; 1269863 |
| Under Armour, Inc., Class A<sup>(b)(c)</sup> | 121492 | &nbsp;&nbsp; 815211 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Consumer Discretionary-(continued)** | **Consumer Discretionary-(continued)** | **Consumer Discretionary-(continued)** |
| Under Armour, Inc., Class C<sup>(b)(c)</sup> | 134388 | &nbsp;&nbsp; $846644 |
| V.F. Corp. | 194042 | &nbsp;&nbsp; 2417763 |
| Vail Resorts, Inc.<sup>(c)</sup> | 5981 | &nbsp;&nbsp; 957977 |
| Valvoline, Inc.<sup>(b)(c)</sup> | 15769 | &nbsp;&nbsp; 545450 |
| Visteon Corp.<sup>(b)</sup> | 15179 | &nbsp;&nbsp; 1281487 |
| Wendy's Co. (The) | 48366 | &nbsp;&nbsp; 551372 |
| Whirlpool Corp.<sup>(c)</sup> | 59888 | &nbsp;&nbsp; 4676654 |
| Wingstop, Inc. | 932 | &nbsp;&nbsp; 318464 |
| Wyndham Hotels & Resorts, Inc. | 5029 | &nbsp;&nbsp; 416301 |
| YETI Holdings, Inc.<sup>(b)</sup> | 18101 | &nbsp;&nbsp; 553167 |
|  |  | &nbsp;&nbsp; 163757284 |
| **Consumer Staples-12.67%** | **Consumer Staples-12.67%** | **Consumer Staples-12.67%** |
| Albertson's Cos., Inc., Class A | 1165335 | &nbsp;&nbsp; 25905397 |
| BellRing Brands, Inc.<sup>(b)</sup> | 10109 | &nbsp;&nbsp; 636362 |
| &nbsp;&nbsp;&nbsp; BJ's Wholesale Club Holdings, Inc., <br> Class C<sup>(b)</sup><br>| 62005 | &nbsp;&nbsp; 7019586 |
| Boston Beer Co., Inc. (The), Class A<sup>(b)</sup> | 2831 | &nbsp;&nbsp; 650705 |
| Casey's General Stores, Inc. | 12227 | &nbsp;&nbsp; 5352492 |
| Celsius Holdings, Inc.<sup>(b)(c)</sup> | 16193 | &nbsp;&nbsp; 613391 |
| Coca-Cola Consolidated, Inc. | 16938 | &nbsp;&nbsp; 1941942 |
| Coty, Inc., Class A<sup>(b)(c)</sup> | 362247 | &nbsp;&nbsp; 1785878 |
| Darling Ingredients, Inc.<sup>(b)</sup> | 63634 | &nbsp;&nbsp; 1982835 |
| e.l.f. Beauty, Inc.<sup>(b)(c)</sup> | 6267 | &nbsp;&nbsp; 704975 |
| Flowers Foods, Inc. | 90866 | &nbsp;&nbsp; 1535635 |
| Ingredion, Inc. | 18687 | &nbsp;&nbsp; 2599735 |
| Lancaster Colony Corp. | 3449 | &nbsp;&nbsp; 577363 |
| Maplebear, Inc.<sup>(b)</sup> | 28584 | &nbsp;&nbsp; 1305431 |
| Performance Food Group Co.<sup>(b)</sup> | 254280 | &nbsp;&nbsp; 22773317 |
| Pilgrim's Pride Corp.<sup>(c)</sup> | 114778 | &nbsp;&nbsp; 5642486 |
| Post Holdings, Inc.<sup>(b)(c)</sup> | 23255 | &nbsp;&nbsp; 2571770 |
| Sprouts Farmers Market, Inc.<sup>(b)</sup> | 18445 | &nbsp;&nbsp; 3188403 |
| US Foods Holding Corp.<sup>(b)</sup> | 190673 | &nbsp;&nbsp; 15086048 |
|  |  | &nbsp;&nbsp; 101873751 |
| **Energy-4.93%** | **Energy-4.93%** | **Energy-4.93%** |
| Antero Midstream Corp. | 22652 | &nbsp;&nbsp; 425404 |
| Antero Resources Corp.<sup>(b)</sup> | 39431 | &nbsp;&nbsp; 1476691 |
| ChampionX Corp. | 41673 | &nbsp;&nbsp; 1003069 |
| Chord Energy Corp. | 16265 | &nbsp;&nbsp; 1463850 |
| Civitas Resources, Inc. | 48926 | &nbsp;&nbsp; 1339105 |
| CNX Resources Corp.<sup>(b)(c)</sup> | 16238 | &nbsp;&nbsp; 524163 |
| DT Midstream, Inc. | 3423 | &nbsp;&nbsp; 358525 |
| HF Sinclair Corp.<sup>(c)</sup> | 301963 | &nbsp;&nbsp; 10909923 |
| Matador Resources Co. | 23657 | &nbsp;&nbsp; 1017488 |
| Murphy Oil Corp. | 39436 | &nbsp;&nbsp; 825395 |
| NOV, Inc. | 206423 | &nbsp;&nbsp; 2477076 |
| Ovintiv, Inc. | 74569 | &nbsp;&nbsp; 2671062 |
| PBF Energy, Inc., Class A | 542533 | &nbsp;&nbsp; 10335254 |
| Permian Resources Corp.<sup>(c)</sup> | 123261 | &nbsp;&nbsp; 1554321 |
| Range Resources Corp. | 20608 | &nbsp;&nbsp; 783928 |
| Valaris Ltd.<sup>(b)(c)</sup> | 21009 | &nbsp;&nbsp; 790359 |
| Viper Energy, Inc. | 6557 | &nbsp;&nbsp; 260247 |
| Weatherford International PLC | 33693 | &nbsp;&nbsp; 1469015 |
|  |  | &nbsp;&nbsp; 39684875 |
| **Financials-13.48%** | **Financials-13.48%** | **Financials-13.48%** |
| Affiliated Managers Group, Inc. | 4149 | &nbsp;&nbsp; 730224 |
| Ally Financial, Inc. | 158737 | &nbsp;&nbsp; 5555795 |
| American Financial Group, Inc. | 21938 | &nbsp;&nbsp; 2719873 |
| Annaly Capital Management, Inc. | 98562 | &nbsp;&nbsp; 1867750 |
| Associated Banc-Corp | 32181 | &nbsp;&nbsp; 745634 |
| Bank OZK<sup>(c)</sup> | 20750 | &nbsp;&nbsp; 919847 |

---

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

------

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

May 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Financials-(continued)** | **Financials-(continued)** | **Financials-(continued)** |
| Brighthouse Financial, Inc.<sup>(b)</sup> | 28589 | &nbsp;&nbsp; $1709908 |
| Cadence Bank<sup>(c)</sup> | 32926 | &nbsp;&nbsp; 997658 |
| Carlyle Group, Inc. (The) | 41346 | &nbsp;&nbsp; 1868839 |
| CNO Financial Group, Inc. | 37616 | &nbsp;&nbsp; 1427903 |
| Columbia Banking System, Inc. | 40587 | &nbsp;&nbsp; 948924 |
| Comerica, Inc. | 27533 | &nbsp;&nbsp; 1571859 |
| Commerce Bancshares, Inc. | 10389 | &nbsp;&nbsp; 654611 |
| Cullen/Frost Bankers, Inc. | 7569 | &nbsp;&nbsp; 961112 |
| East West Bancorp, Inc. | 17132 | &nbsp;&nbsp; 1562438 |
| Equitable Holdings, Inc. | 91977 | &nbsp;&nbsp; 4862824 |
| Essent Group Ltd. | 7373 | &nbsp;&nbsp; 427634 |
| Euronet Worldwide, Inc.<sup>(b)</sup> | 13178 | &nbsp;&nbsp; 1426914 |
| Evercore, Inc., Class A | 4957 | &nbsp;&nbsp; 1147496 |
| F.N.B. Corp. | 63920 | &nbsp;&nbsp; 886570 |
| Federated Hermes, Inc., Class B | 14260 | &nbsp;&nbsp; 601772 |
| Fidelity National Financial, Inc. | 73006 | &nbsp;&nbsp; 3998539 |
| First American Financial Corp. | 31130 | &nbsp;&nbsp; 1737365 |
| First Financial Bankshares, Inc.<sup>(c)</sup> | 7045 | &nbsp;&nbsp; 248407 |
| First Horizon Corp. | 87644 | &nbsp;&nbsp; 1742363 |
| FirstCash Holdings, Inc. | 9809 | &nbsp;&nbsp; 1254669 |
| Flagstar Financial, Inc. | 180659 | &nbsp;&nbsp; 2081192 |
| Glacier Bancorp, Inc.<sup>(c)</sup> | 9348 | &nbsp;&nbsp; 387662 |
| Hamilton Lane, Inc., Class A<sup>(c)</sup> | 1590 | &nbsp;&nbsp; 236910 |
| Hancock Whitney Corp. | 13401 | &nbsp;&nbsp; 732633 |
| Hanover Insurance Group, Inc. (The) | 12512 | &nbsp;&nbsp; 2201862 |
| Home BancShares, Inc. | 17107 | &nbsp;&nbsp; 483957 |
| Houlihan Lokey, Inc. | 4703 | &nbsp;&nbsp; 821520 |
| Interactive Brokers Group, Inc., Class A | 18015 | &nbsp;&nbsp; 3777385 |
| International Bancshares Corp. | 5529 | &nbsp;&nbsp; 346281 |
| Janus Henderson Group PLC | 22298 | &nbsp;&nbsp; 810086 |
| Jefferies Financial Group, Inc. | 63336 | &nbsp;&nbsp; 3078130 |
| Kemper Corp. | 23314 | &nbsp;&nbsp; 1485801 |
| Kinsale Capital Group, Inc. | 1162 | &nbsp;&nbsp; 548452 |
| MGIC Investment Corp. | 17418 | &nbsp;&nbsp; 460706 |
| Morningstar, Inc. | 2598 | &nbsp;&nbsp; 801275 |
| Old National Bancorp | 47073 | &nbsp;&nbsp; 981943 |
| Old Republic International Corp. | 74054 | &nbsp;&nbsp; 2799241 |
| Pinnacle Financial Partners, Inc. | 9729 | &nbsp;&nbsp; 1033998 |
| Primerica, Inc. | 3751 | &nbsp;&nbsp; 1015021 |
| Prosperity Bancshares, Inc. | 8304 | &nbsp;&nbsp; 578374 |
| Reinsurance Group of America, Inc. | 38729 | &nbsp;&nbsp; 7873218 |
| RenaissanceRe Holdings Ltd. (Bermuda) | 16291 | &nbsp;&nbsp; 4063301 |
| RLI Corp. | 7865 | &nbsp;&nbsp; 604583 |
| Ryan Specialty Holdings, Inc., Class A | 12039 | &nbsp;&nbsp; 861631 |
| SEI Investments Co. | 9463 | &nbsp;&nbsp; 806815 |
| Selective Insurance Group, Inc. | 19018 | &nbsp;&nbsp; 1673964 |
| Shift4 Payments, Inc., Class A<sup>(b)(c)</sup> | 12106 | &nbsp;&nbsp; 1147528 |
| SLM Corp. | 34537 | &nbsp;&nbsp; 1117963 |
| SouthState Corp. | 8874 | &nbsp;&nbsp; 779137 |
| Starwood Property Trust, Inc.<sup>(c)</sup> | 33912 | &nbsp;&nbsp; 669762 |
| Stifel Financial Corp. | 20528 | &nbsp;&nbsp; 1934148 |
| Synovus Financial Corp. | 25146 | &nbsp;&nbsp; 1202733 |
| Texas Capital Bancshares, Inc.<sup>(b)(c)</sup> | 8797 | &nbsp;&nbsp; 630657 |
| UMB Financial Corp. | 9259 | &nbsp;&nbsp; 954788 |
| United Bankshares, Inc. | 15417 | &nbsp;&nbsp; 557170 |
| Unum Group | 54563 | &nbsp;&nbsp; 4458343 |
| Valley National Bancorp | 134814 | &nbsp;&nbsp; 1183667 |
| Voya Financial, Inc. | 39986 | &nbsp;&nbsp; 2659869 |
| Webster Financial Corp. | 27597 | &nbsp;&nbsp; 1420694 |
| Western Alliance Bancorporation | 21755 | &nbsp;&nbsp; 1575280 |
| Western Union Co. (The) | 129704 | &nbsp;&nbsp; 1203653 |
| WEX, Inc.<sup>(b)(c)</sup> | 5739 | &nbsp;&nbsp; 762885 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Financials-(continued)** | **Financials-(continued)** | **Financials-(continued)** |
| Wintrust Financial Corp. | 11866 | &nbsp;&nbsp; $1416919 |
| Zions Bancorporation N.A. | 34203 | &nbsp;&nbsp; 1619854 |
|  |  | &nbsp;&nbsp; 108417919 |
| **Health Care-4.54%** | **Health Care-4.54%** | **Health Care-4.54%** |
| Acadia Healthcare Co., Inc.<sup>(b)(c)</sup> | 35930 | &nbsp;&nbsp; 813455 |
| Amedisys, Inc.<sup>(b)</sup> | 8369 | &nbsp;&nbsp; 787272 |
| Avantor, Inc.<sup>(b)</sup> | 141050 | &nbsp;&nbsp; 1820955 |
| BioMarin Pharmaceutical, Inc.<sup>(b)</sup> | 13215 | &nbsp;&nbsp; 767395 |
| Bio-Rad Laboratories, Inc., Class A<sup>(b)(c)</sup> | 3355 | &nbsp;&nbsp; 761350 |
| Bruker Corp.<sup>(c)</sup> | 24583 | &nbsp;&nbsp; 902196 |
| Chemed Corp. | 1355 | &nbsp;&nbsp; 778908 |
| Cytokinetics, Inc.<sup>(b)(c)</sup> | 141 | &nbsp;&nbsp; 4374 |
| DENTSPLY SIRONA, Inc.<sup>(c)</sup> | 81232 | &nbsp;&nbsp; 1298087 |
| Doximity, Inc., Class A<sup>(b)</sup> | 2769 | &nbsp;&nbsp; 144237 |
| Encompass Health Corp. | 18711 | &nbsp;&nbsp; 2262160 |
| Ensign Group, Inc. (The) | 11060 | &nbsp;&nbsp; 1628696 |
| Envista Holdings Corp.<sup>(b)(c)</sup> | 49242 | &nbsp;&nbsp; 899651 |
| Exelixis, Inc.<sup>(b)</sup> | 19141 | &nbsp;&nbsp; 823829 |
| Globus Medical, Inc., Class A<sup>(b)</sup> | 11601 | &nbsp;&nbsp; 686547 |
| Haemonetics Corp.<sup>(b)(c)</sup> | 6818 | &nbsp;&nbsp; 461647 |
| Halozyme Therapeutics, Inc.<sup>(b)</sup> | 5435 | &nbsp;&nbsp; 304740 |
| HealthEquity, Inc.<sup>(b)(c)</sup> | 3945 | &nbsp;&nbsp; 396906 |
| Hims & Hers Health, Inc.<sup>(b)(c)</sup> | 14287 | &nbsp;&nbsp; 808073 |
| Illumina, Inc.<sup>(b)</sup> | 17047 | &nbsp;&nbsp; 1401945 |
| Jazz Pharmaceuticals PLC<sup>(b)</sup> | 9957 | &nbsp;&nbsp; 1076053 |
| Lantheus Holdings, Inc.<sup>(b)(c)</sup> | 4960 | &nbsp;&nbsp; 374778 |
| LivaNova PLC<sup>(b)(c)</sup> | 10428 | &nbsp;&nbsp; 451011 |
| Masimo Corp.<sup>(b)(c)</sup> | 4101 | &nbsp;&nbsp; 666412 |
| Medpace Holdings, Inc.<sup>(b)(c)</sup> | 2132 | &nbsp;&nbsp; 628727 |
| Neurocrine Biosciences, Inc.<sup>(b)</sup> | 7090 | &nbsp;&nbsp; 872212 |
| Option Care Health, Inc.<sup>(b)</sup> | 49895 | &nbsp;&nbsp; 1630569 |
| Penumbra, Inc.<sup>(b)(c)</sup> | 1458 | &nbsp;&nbsp; 389242 |
| Perrigo Co. PLC | 52253 | &nbsp;&nbsp; 1398813 |
| Repligen Corp.<sup>(b)</sup> | 1413 | &nbsp;&nbsp; 166833 |
| Roivant Sciences Ltd.<sup>(b)(c)</sup> | 2986 | &nbsp;&nbsp; 32816 |
| Sarepta Therapeutics, Inc.<sup>(b)(c)</sup> | 6215 | &nbsp;&nbsp; 233684 |
| Sotera Health Co.<sup>(b)(c)</sup> | 31812 | &nbsp;&nbsp; 389379 |
| Tenet Healthcare Corp.<sup>(b)</sup> | 55979 | &nbsp;&nbsp; 9447576 |
| United Therapeutics Corp.<sup>(b)</sup> | 3076 | &nbsp;&nbsp; 980783 |
|  |  | &nbsp;&nbsp; 36491311 |
| **Industrials-22.51%** | **Industrials-22.51%** | **Industrials-22.51%** |
| AAON, Inc.<sup>(c)</sup> | 4800 | &nbsp;&nbsp; 462192 |
| Acuity, Inc. | 4799 | &nbsp;&nbsp; 1247212 |
| Advanced Drainage Systems, Inc. | 8807 | &nbsp;&nbsp; 968418 |
| AECOM | 56288 | &nbsp;&nbsp; 6183237 |
| AGCO Corp. | 40570 | &nbsp;&nbsp; 3975049 |
| Alaska Air Group, Inc.<sup>(b)(c)</sup> | 72232 | &nbsp;&nbsp; 3678776 |
| American Airlines Group, Inc.<sup>(b)(c)</sup> | 1628407 | &nbsp;&nbsp; 18580124 |
| Applied Industrial Technologies, Inc. | 6518 | &nbsp;&nbsp; 1476457 |
| Avis Budget Group, Inc.<sup>(b)(c)</sup> | 61790 | &nbsp;&nbsp; 7525404 |
| Brink's Co. (The) | 19406 | &nbsp;&nbsp; 1592456 |
| BWX Technologies, Inc. | 9052 | &nbsp;&nbsp; 1136931 |
| CACI International, Inc., Class A<sup>(b)</sup> | 7216 | &nbsp;&nbsp; 3088448 |
| Carlisle Cos., Inc. | 4985 | &nbsp;&nbsp; 1895197 |
| Chart Industries, Inc.<sup>(b)(c)</sup> | 9350 | &nbsp;&nbsp; 1466641 |
| Clean Harbors, Inc.<sup>(b)</sup> | 9909 | &nbsp;&nbsp; 2247262 |
| CNH Industrial N.V.<sup>(c)</sup> | 510218 | &nbsp;&nbsp; 6382827 |
| Comfort Systems USA, Inc. | 6868 | &nbsp;&nbsp; 3284484 |
| Concentrix Corp.<sup>(c)</sup> | 71321 | &nbsp;&nbsp; 3991480 |
| Core & Main, Inc., Class A<sup>(b)</sup> | 49616 | &nbsp;&nbsp; 2719453 |
| Crane Co. | 4868 | &nbsp;&nbsp; 834375 |

---

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

------

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

May 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Industrials-(continued)** | **Industrials-(continued)** | **Industrials-(continued)** |
| Curtiss-Wright Corp. | 3262 | &nbsp;&nbsp; $1435639 |
| Donaldson Co., Inc. | 17543 | &nbsp;&nbsp; 1220116 |
| EMCOR Group, Inc. | 12506 | &nbsp;&nbsp; 5901081 |
| EnerSys | 12158 | &nbsp;&nbsp; 1016774 |
| ESAB Corp. | 7523 | &nbsp;&nbsp; 925254 |
| ExlService Holdings, Inc.<sup>(b)</sup> | 13087 | &nbsp;&nbsp; 601871 |
| Exponent, Inc. | 2229 | &nbsp;&nbsp; 170162 |
| Flowserve Corp. | 30802 | &nbsp;&nbsp; 1537328 |
| Fluor Corp.<sup>(b)</sup> | 150591 | &nbsp;&nbsp; 6261574 |
| Fortune Brands Innovations, Inc.<sup>(c)</sup> | 24809 | &nbsp;&nbsp; 1250374 |
| FTI Consulting, Inc.<sup>(b)</sup> | 7562 | &nbsp;&nbsp; 1241378 |
| GATX Corp. | 3430 | &nbsp;&nbsp; 546193 |
| Genpact Ltd.<sup>(c)</sup> | 31862 | &nbsp;&nbsp; 1371659 |
| Graco, Inc. | 8286 | &nbsp;&nbsp; 701493 |
| GXO Logistics, Inc.<sup>(b)(c)</sup> | 100164 | &nbsp;&nbsp; 4120747 |
| Hexcel Corp. | 11054 | &nbsp;&nbsp; 584646 |
| Insperity, Inc. | 24642 | &nbsp;&nbsp; 1594830 |
| ITT, Inc. | 9006 | &nbsp;&nbsp; 1355763 |
| KBR, Inc. | 50184 | &nbsp;&nbsp; 2619103 |
| Kirby Corp.<sup>(b)(c)</sup> | 11095 | &nbsp;&nbsp; 1227551 |
| Knight-Swift Transportation Holdings, Inc. | 52086 | &nbsp;&nbsp; 2308451 |
| Landstar System, Inc. | 10496 | &nbsp;&nbsp; 1440261 |
| Lincoln Electric Holdings, Inc. | 6911 | &nbsp;&nbsp; 1337900 |
| ManpowerGroup, Inc. | 99997 | &nbsp;&nbsp; 4194874 |
| MasTec, Inc.<sup>(b)</sup> | 34261 | &nbsp;&nbsp; 5342318 |
| Maximus, Inc. | 26558 | &nbsp;&nbsp; 1925721 |
| Middleby Corp. (The)<sup>(b)(c)</sup> | 8363 | &nbsp;&nbsp; 1222085 |
| MSA Safety, Inc. | 3937 | &nbsp;&nbsp; 641613 |
| MSC Industrial Direct Co., Inc., Class A | 16360 | &nbsp;&nbsp; 1328432 |
| Mueller Industries, Inc. | 15696 | &nbsp;&nbsp; 1222248 |
| Nextracker, Inc., Class A<sup>(b)</sup> | 20532 | &nbsp;&nbsp; 1163959 |
| nVent Electric PLC<sup>(c)</sup> | 19421 | &nbsp;&nbsp; 1277902 |
| Oshkosh Corp. | 36947 | &nbsp;&nbsp; 3664773 |
| Owens Corning | 25264 | &nbsp;&nbsp; 3384113 |
| Parsons Corp.<sup>(b)(c)</sup> | 38605 | &nbsp;&nbsp; 2503148 |
| Paylocity Holding Corp.<sup>(b)</sup> | 2637 | &nbsp;&nbsp; 503403 |
| RB Global, Inc. (Canada)<sup>(c)</sup> | 14412 | &nbsp;&nbsp; 1517584 |
| RBC Bearings, Inc.<sup>(b)</sup> | 1571 | &nbsp;&nbsp; 574782 |
| Regal Rexnord Corp. | 16687 | &nbsp;&nbsp; 2226713 |
| Ryder System, Inc. | 28684 | &nbsp;&nbsp; 4220277 |
| Saia, Inc.<sup>(b)</sup> | 2846 | &nbsp;&nbsp; 752511 |
| Science Applications International Corp. | 23147 | &nbsp;&nbsp; 2674404 |
| Sensata Technologies Holding PLC<sup>(c)</sup> | 48242 | &nbsp;&nbsp; 1257187 |
| Simpson Manufacturing Co., Inc. | 4665 | &nbsp;&nbsp; 726340 |
| Terex Corp. | 42540 | &nbsp;&nbsp; 1914725 |
| Tetra Tech, Inc. | 61692 | &nbsp;&nbsp; 2155518 |
| Timken Co. (The)<sup>(c)</sup> | 20440 | &nbsp;&nbsp; 1399936 |
| Toro Co. (The) | 20501 | &nbsp;&nbsp; 1553566 |
| Trex Co., Inc.<sup>(b)(c)</sup> | 6873 | &nbsp;&nbsp; 383994 |
| UFP Industries, Inc. | 20725 | &nbsp;&nbsp; 2021931 |
| Valmont Industries, Inc. | 4095 | &nbsp;&nbsp; 1302374 |
| Watsco, Inc.<sup>(c)</sup> | 4962 | &nbsp;&nbsp; 2200994 |
| Watts Water Technologies, Inc., Class A | 3537 | &nbsp;&nbsp; 856378 |
| WESCO International, Inc. | 43743 | &nbsp;&nbsp; 7344012 |
| Woodward, Inc. | 6078 | &nbsp;&nbsp; 1314854 |
| XPO, Inc.<sup>(b)(c)</sup> | 24301 | &nbsp;&nbsp; 2766183 |
|  |  | &nbsp;&nbsp; 181045423 |
| **Information Technology-9.46%** | **Information Technology-9.46%** | **Information Technology-9.46%** |
| Allegro MicroSystems, Inc. (Japan)<sup>(b)(c)</sup> | 10173 | &nbsp;&nbsp; 257886 |
| Amkor Technology, Inc. | 106808 | &nbsp;&nbsp; 1924680 |
| AppFolio, Inc., Class A<sup>(b)(c)</sup> | 1224 | &nbsp;&nbsp; 258472 |
| Arrow Electronics, Inc.<sup>(b)</sup> | 89363 | &nbsp;&nbsp; 10578792 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Information Technology-(continued)** | **Information Technology-(continued)** | **Information Technology-(continued)** |
| ASGN, Inc.<sup>(b)(c)</sup> | 19849 | &nbsp;&nbsp; $1048226 |
| Avnet, Inc. | 157397 | &nbsp;&nbsp; 7871424 |
| Belden, Inc. | 7943 | &nbsp;&nbsp; 843547 |
| BILL Holdings, Inc.<sup>(b)(c)</sup> | 9864 | &nbsp;&nbsp; 430860 |
| Blackbaud, Inc.<sup>(b)</sup> | 5821 | &nbsp;&nbsp; 362241 |
| Ciena Corp.<sup>(b)</sup> | 20023 | &nbsp;&nbsp; 1603041 |
| Cirrus Logic, Inc.<sup>(b)</sup> | 6183 | &nbsp;&nbsp; 608160 |
| Cognex Corp. | 9684 | &nbsp;&nbsp; 290230 |
| Coherent Corp.<sup>(b)</sup> | 25877 | &nbsp;&nbsp; 1957078 |
| Commvault Systems, Inc.<sup>(b)</sup> | 2013 | &nbsp;&nbsp; 368681 |
| Crane NXT Co. | 9175 | &nbsp;&nbsp; 491872 |
| DocuSign, Inc.<sup>(b)</sup> | 11935 | &nbsp;&nbsp; 1057560 |
| Dolby Laboratories, Inc., Class A | 5316 | &nbsp;&nbsp; 394766 |
| Dropbox, Inc., Class A<sup>(b)</sup> | 33133 | &nbsp;&nbsp; 956218 |
| Dynatrace, Inc.<sup>(b)</sup> | 10901 | &nbsp;&nbsp; 588763 |
| Entegris, Inc. | 11167 | &nbsp;&nbsp; 767620 |
| Fabrinet (Thailand)<sup>(b)</sup> | 5078 | &nbsp;&nbsp; 1182514 |
| Flex Ltd.<sup>(b)</sup> | 244890 | &nbsp;&nbsp; 10358847 |
| Guidewire Software, Inc.<sup>(b)</sup> | 2004 | &nbsp;&nbsp; 430900 |
| IPG Photonics Corp.<sup>(b)(c)</sup> | 5373 | &nbsp;&nbsp; 356015 |
| Kyndryl Holdings, Inc.<sup>(b)</sup> | 145882 | &nbsp;&nbsp; 5695233 |
| Lattice Semiconductor Corp.<sup>(b)(c)</sup> | 2814 | &nbsp;&nbsp; 126461 |
| Littelfuse, Inc. | 3512 | &nbsp;&nbsp; 720171 |
| Lumentum Holdings, Inc.<sup>(b)(c)</sup> | 7251 | &nbsp;&nbsp; 524102 |
| &nbsp;&nbsp;&nbsp; MACOM Technology Solutions Holdings, <br> Inc.<sup>(b)</sup><br>| 2404 | &nbsp;&nbsp; 292350 |
| Manhattan Associates, Inc.<sup>(b)</sup> | 2039 | &nbsp;&nbsp; 384922 |
| MKS Instruments, Inc. | 14532 | &nbsp;&nbsp; 1194385 |
| Novanta, Inc.<sup>(b)</sup> | 2284 | &nbsp;&nbsp; 282805 |
| Onto Innovation, Inc.<sup>(b)</sup> | 2396 | &nbsp;&nbsp; 220288 |
| Power Integrations, Inc. | 2418 | &nbsp;&nbsp; 120247 |
| Pure Storage, Inc., Class A<sup>(b)(c)</sup> | 21571 | &nbsp;&nbsp; 1155990 |
| Qualys, Inc.<sup>(b)</sup> | 1609 | &nbsp;&nbsp; 222927 |
| Rambus, Inc.<sup>(b)</sup> | 3435 | &nbsp;&nbsp; 183669 |
| Silicon Laboratories, Inc.<sup>(b)(c)</sup> | 1561 | &nbsp;&nbsp; 188147 |
| Synaptics, Inc.<sup>(b)</sup> | 5305 | &nbsp;&nbsp; 311722 |
| TD SYNNEX Corp.<sup>(c)</sup> | 150200 | &nbsp;&nbsp; 18225268 |
| Universal Display Corp. | 1409 | &nbsp;&nbsp; 201980 |
| Vontier Corp. | 29820 | &nbsp;&nbsp; 1066065 |
|  |  | &nbsp;&nbsp; 76105125 |
| **Materials-6.92%** | **Materials-6.92%** | **Materials-6.92%** |
| Alcoa Corp. | 121355 | &nbsp;&nbsp; 3248673 |
| AptarGroup, Inc. | 8055 | &nbsp;&nbsp; 1275912 |
| Ashland, Inc. | 11841 | &nbsp;&nbsp; 586248 |
| ATI, Inc.<sup>(b)</sup> | 28103 | &nbsp;&nbsp; 2238123 |
| Avient Corp. | 26510 | &nbsp;&nbsp; 957806 |
| Axalta Coating Systems Ltd.<sup>(b)(c)</sup> | 51127 | &nbsp;&nbsp; 1574712 |
| Cabot Corp. | 16155 | &nbsp;&nbsp; 1206617 |
| Carpenter Technology Corp.<sup>(c)</sup> | 5203 | &nbsp;&nbsp; 1222705 |
| Cleveland-Cliffs, Inc.<sup>(b)(c)</sup> | 643393 | &nbsp;&nbsp; 3750981 |
| Commercial Metals Co. | 57932 | &nbsp;&nbsp; 2699052 |
| Crown Holdings, Inc. | 43704 | &nbsp;&nbsp; 4304844 |
| Eagle Materials, Inc. | 3552 | &nbsp;&nbsp; 718250 |
| Graphic Packaging Holding Co. | 110195 | &nbsp;&nbsp; 2448533 |
| Greif, Inc., Class A | 33139 | &nbsp;&nbsp; 1842528 |
| Knife River Corp.<sup>(b)</sup> | 10667 | &nbsp;&nbsp; 1003765 |
| Louisiana-Pacific Corp. | 10521 | &nbsp;&nbsp; 947626 |
| NewMarket Corp. | 1749 | &nbsp;&nbsp; 1126461 |
| Olin Corp. | 91920 | &nbsp;&nbsp; 1784167 |
| Reliance, Inc. | 16362 | &nbsp;&nbsp; 4791121 |
| Royal Gold, Inc. | 1523 | &nbsp;&nbsp; 271277 |
| RPM International, Inc. | 20677 | &nbsp;&nbsp; 2353870 |

---

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

------

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

May 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Materials-(continued)** | **Materials-(continued)** | **Materials-(continued)** |
| Scotts Miracle-Gro Co. (The) | 18841 | &nbsp;&nbsp; $1122170 |
| Silgan Holdings, Inc. | 38966 | &nbsp;&nbsp; 2145858 |
| Sonoco Products Co. | 45762 | &nbsp;&nbsp; 2084001 |
| United States Steel Corp.<sup>(c)</sup> | 134883 | &nbsp;&nbsp; 7259403 |
| Westlake Corp.<sup>(c)</sup> | 37270 | &nbsp;&nbsp; 2647288 |
|  |  | &nbsp;&nbsp; 55611991 |
| **Real Estate-2.06%** | **Real Estate-2.06%** | **Real Estate-2.06%** |
| Agree Realty Corp. | 2651 | &nbsp;&nbsp; 199620 |
| American Homes 4 Rent, Class A | 16387 | &nbsp;&nbsp; 620248 |
| Brixmor Property Group, Inc. | 16157 | &nbsp;&nbsp; 410549 |
| COPT Defense Properties | 9187 | &nbsp;&nbsp; 252183 |
| Cousins Properties, Inc. | 9613 | &nbsp;&nbsp; 269837 |
| CubeSmart | 8360 | &nbsp;&nbsp; 357474 |
| EastGroup Properties, Inc. | 1149 | &nbsp;&nbsp; 194813 |
| EPR Properties | 4394 | &nbsp;&nbsp; 244702 |
| Equity LifeStyle Properties, Inc. | 7518 | &nbsp;&nbsp; 477919 |
| First Industrial Realty Trust, Inc. | 3879 | &nbsp;&nbsp; 191739 |
| Gaming and Leisure Properties, Inc. | 10038 | &nbsp;&nbsp; 468774 |
| Healthcare Realty Trust, Inc.<sup>(c)</sup> | 25342 | &nbsp;&nbsp; 367459 |
| Independence Realty Trust, Inc.<sup>(c)</sup> | 10078 | &nbsp;&nbsp; 187350 |
| Jones Lang LaSalle, Inc.<sup>(b)</sup> | 30411 | &nbsp;&nbsp; 6772530 |
| Kilroy Realty Corp.<sup>(c)</sup> | 11243 | &nbsp;&nbsp; 362025 |
| Kite Realty Group Trust | 12712 | &nbsp;&nbsp; 281189 |
| Lamar Advertising Co., Class A | 6342 | &nbsp;&nbsp; 764465 |
| National Storage Affiliates Trust | 6727 | &nbsp;&nbsp; 231409 |
| NNN REIT, Inc. | 6702 | &nbsp;&nbsp; 279875 |
| Omega Healthcare Investors, Inc. | 9451 | &nbsp;&nbsp; 349687 |
| Park Hotels & Resorts, Inc.<sup>(c)</sup> | 74006 | &nbsp;&nbsp; 766702 |
| PotlatchDeltic Corp. | 7849 | &nbsp;&nbsp; 308780 |
| Rayonier, Inc. | 15130 | &nbsp;&nbsp; 358581 |
| Rexford Industrial Realty, Inc. | 7822 | &nbsp;&nbsp; 275647 |
| Sabra Health Care REIT, Inc. | 13695 | &nbsp;&nbsp; 239389 |
| STAG Industrial, Inc. | 6967 | &nbsp;&nbsp; 247886 |
| Vornado Realty Trust | 15706 | &nbsp;&nbsp; 591645 |
| W.P. Carey, Inc.<sup>(c)</sup> | 8393 | &nbsp;&nbsp; 526745 |
|  |  | &nbsp;&nbsp; 16599222 |
| **Utilities-1.62%** | **Utilities-1.62%** | **Utilities-1.62%** |
| ALLETE, Inc. | 7690 | &nbsp;&nbsp; 500158 |
| Black Hills Corp. | 11830 | &nbsp;&nbsp; 691700 |
| Essential Utilities, Inc. | 17767 | &nbsp;&nbsp; 684562 |
| IDACORP, Inc.<sup>(c)</sup> | 5249 | &nbsp;&nbsp; 624369 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Utilities-(continued)** | **Utilities-(continued)** | **Utilities-(continued)** |
| National Fuel Gas Co. | 7767 | &nbsp;&nbsp; $641088 |
| New Jersey Resources Corp. | 12469 | &nbsp;&nbsp; 572202 |
| NorthWestern Energy Group, Inc. | 9052 | &nbsp;&nbsp; 500847 |
| OGE Energy Corp. | 22100 | &nbsp;&nbsp; 982787 |
| ONE Gas, Inc. | 9422 | &nbsp;&nbsp; 704389 |
| Ormat Technologies, Inc. | 4033 | &nbsp;&nbsp; 299773 |
| Portland General Electric Co. | 23864 | &nbsp;&nbsp; 1011834 |
| Southwest Gas Holdings, Inc. | 22971 | &nbsp;&nbsp; 1650007 |
| Spire, Inc. | 10966 | &nbsp;&nbsp; 825520 |
| TXNM Energy, Inc. | 12642 | &nbsp;&nbsp; 716675 |
| UGI Corp.<sup>(c)</sup> | 72493 | &nbsp;&nbsp; 2614098 |
|  |  | &nbsp;&nbsp; 13020009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $744,444,208) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $744,444,208) | &nbsp;&nbsp; 803112775 |
| **Money Market Funds-0.07%** | **Money Market Funds-0.07%** | **Money Market Funds-0.07%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 4.24%<sup>(d)(e)</sup> <br>(Cost $558,472)<br>| 558472 | &nbsp;&nbsp; 558472 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.93% <br>(Cost $745,002,680) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.93% <br>(Cost $745,002,680) | &nbsp;&nbsp; 803671247 |
| **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** |
| **Money Market Funds-15.87%** | **Money Market Funds-15.87%** | **Money Market Funds-15.87%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 4.29%<sup>(d)(e)(f)</sup><br>| 35364097 | &nbsp;&nbsp; 35364097 |
| Invesco Private Prime Fund, 4.45%<sup>(d)(e)(f)</sup> | 92249698 | &nbsp;&nbsp; 92268148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $127,634,762) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $127,634,762) | &nbsp;&nbsp; 127632245 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-115.80% <br>(Cost $872,637,442) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-115.80% <br>(Cost $872,637,442) | &nbsp;&nbsp; 931303492 |
| OTHER ASSETS LESS LIABILITIES-(15.80)% | OTHER ASSETS LESS LIABILITIES-(15.80)% | &nbsp;&nbsp; (127045519)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $804257973 |

---

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

------

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

May 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> | Non-income producing security. |
| <sup>(c)</sup> | All or a portion of this security was out on loan at May 31, 2025. |
| <sup>(d)</sup> | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in <br> which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund's transactions in, and earnings from, its investments in <br> affiliates for the nine months ended May 31, 2025.<br>|

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**August 31, 2024**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Value** <br>**May 31, 2025**<br>| **Dividend Income** |
| **Investments in Affiliated** <br> **Money Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & <br> Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; $128678 | &nbsp;&nbsp;&nbsp; $10613162 | &nbsp;&nbsp;&nbsp; $(10183368)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $558472 | &nbsp;&nbsp;&nbsp; $12364 |
| **Investments Purchased** <br> **with Cash Collateral** <br> **from Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; 28740449 | &nbsp;&nbsp;&nbsp; 255390417 | &nbsp;&nbsp;&nbsp; (248766769)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 35364097 | &nbsp;&nbsp;&nbsp; 1,330,360<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime <br> Fund<br>| &nbsp;&nbsp;&nbsp; 73657884 | &nbsp;&nbsp;&nbsp; 511011552 | &nbsp;&nbsp;&nbsp; (492380133)<br>| &nbsp;&nbsp;&nbsp; (8710)<br>| &nbsp;&nbsp;&nbsp; (12445)<br>| &nbsp;&nbsp;&nbsp; 92268148 | &nbsp;&nbsp;&nbsp; 3,558,818<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $102527011 | &nbsp;&nbsp;&nbsp; $777015131 | &nbsp;&nbsp;&nbsp; $(751330270)<br>| &nbsp;&nbsp;&nbsp; $(8710)<br>| &nbsp;&nbsp;&nbsp; $(12445)<br>| &nbsp;&nbsp;&nbsp; $128190717 | &nbsp;&nbsp;&nbsp; $4901542 |

---

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

May 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-3.00%** | **Communication Services-3.00%** | **Communication Services-3.00%** |
| Cable One, Inc.<sup>(b)</sup> | 6431 | &nbsp;&nbsp; $941048 |
| CarGurus, Inc.<sup>(b)(c)</sup> | 30754 | &nbsp;&nbsp; 963830 |
| Cars.com, Inc.<sup>(c)</sup> | 66559 | &nbsp;&nbsp; 682230 |
| Cinemark Holdings, Inc.<sup>(b)</sup> | 140841 | &nbsp;&nbsp; 4756201 |
| Cogent Communications Holdings, Inc. | 16000 | &nbsp;&nbsp; 731360 |
| Gogo, Inc.<sup>(b)(c)</sup> | 62526 | &nbsp;&nbsp; 663401 |
| IAC, Inc.<sup>(b)(c)</sup> | 93301 | &nbsp;&nbsp; 3355104 |
| John Wiley & Sons, Inc., Class A<sup>(b)</sup> | 41465 | &nbsp;&nbsp; 1622111 |
| Lumen Technologies, Inc.<sup>(c)</sup> | 2846773 | &nbsp;&nbsp; 11159350 |
| &nbsp;&nbsp;&nbsp; Madison Square Garden Sports Corp., <br> Class A<sup>(c)</sup><br>| 6002 | &nbsp;&nbsp; 1139720 |
| QuinStreet, Inc.<sup>(c)</sup> | 57662 | &nbsp;&nbsp; 880499 |
| Scholastic Corp.<sup>(b)</sup> | 89331 | &nbsp;&nbsp; 1542746 |
| Shenandoah Telecommunications Co.<sup>(b)</sup> | 29151 | &nbsp;&nbsp; 366720 |
| Shutterstock, Inc. | 50979 | &nbsp;&nbsp; 940562 |
| TechTarget, Inc.<sup>(b)(c)</sup> | 18016 | &nbsp;&nbsp; 145749 |
| TEGNA, Inc. | 188573 | &nbsp;&nbsp; 3152940 |
| Telephone and Data Systems, Inc.<sup>(b)</sup> | 156379 | &nbsp;&nbsp; 5373182 |
| Thryv Holdings, Inc.<sup>(b)(c)</sup> | 56010 | &nbsp;&nbsp; 744933 |
| TripAdvisor, Inc.<sup>(c)</sup> | 143611 | &nbsp;&nbsp; 2045021 |
| Yelp, Inc.<sup>(c)</sup> | 43610 | &nbsp;&nbsp; 1664594 |
| Ziff Davis, Inc.<sup>(c)</sup> | 37488 | &nbsp;&nbsp; 1216111 |
|  |  | &nbsp;&nbsp; 44087412 |
| **Consumer Discretionary-25.81%** | **Consumer Discretionary-25.81%** | **Consumer Discretionary-25.81%** |
| Academy Sports & Outdoors, Inc.<sup>(b)</sup> | 147680 | &nbsp;&nbsp; 6041589 |
| Acushnet Holdings Corp.<sup>(b)</sup> | 39839 | &nbsp;&nbsp; 2718613 |
| Adient PLC<sup>(b)(c)</sup> | 1130780 | &nbsp;&nbsp; 17628860 |
| Adtalem Global Education, Inc.<sup>(c)</sup> | 19169 | &nbsp;&nbsp; 2530883 |
| Advance Auto Parts, Inc.<sup>(b)</sup> | 294361 | &nbsp;&nbsp; 14108723 |
| &nbsp;&nbsp;&nbsp; American Axle & Manufacturing Holdings, <br> Inc.<sup>(b)(c)</sup><br>| 1494473 | &nbsp;&nbsp; 6560736 |
| American Eagle Outfitters, Inc.<sup>(b)</sup> | 510096 | &nbsp;&nbsp; 5590652 |
| Asbury Automotive Group, Inc.<sup>(c)</sup> | 76870 | &nbsp;&nbsp; 17519442 |
| BJ's Restaurants, Inc.<sup>(c)</sup> | 43155 | &nbsp;&nbsp; 1925145 |
| Bloomin' Brands, Inc.<sup>(b)</sup> | 516905 | &nbsp;&nbsp; 3943985 |
| Boot Barn Holdings, Inc.<sup>(c)</sup> | 19535 | &nbsp;&nbsp; 3131656 |
| BorgWarner, Inc. | 536448 | &nbsp;&nbsp; 17751064 |
| Brinker International, Inc.<sup>(c)</sup> | 36326 | &nbsp;&nbsp; 6270957 |
| Buckle, Inc. (The) | 36434 | &nbsp;&nbsp; 1552453 |
| Caleres, Inc. | 193593 | &nbsp;&nbsp; 2603826 |
| Carter's, Inc. | 73550 | &nbsp;&nbsp; 2307264 |
| Cavco Industries, Inc.<sup>(c)</sup> | 4140 | &nbsp;&nbsp; 1795083 |
| Century Communities, Inc. | 68390 | &nbsp;&nbsp; 3547389 |
| Champion Homes, Inc.<sup>(c)</sup> | 27662 | &nbsp;&nbsp; 1809095 |
| Cheesecake Factory, Inc. (The)<sup>(b)</sup> | 82846 | &nbsp;&nbsp; 4570614 |
| Cracker Barrel Old Country Store, Inc.<sup>(b)</sup> | 86223 | &nbsp;&nbsp; 4952649 |
| Dana, Inc. | 789555 | &nbsp;&nbsp; 13130300 |
| Dave & Buster's Entertainment, Inc.<sup>(b)(c)</sup> | 122522 | &nbsp;&nbsp; 2690583 |
| Dorman Products, Inc.<sup>(c)</sup> | 16963 | &nbsp;&nbsp; 2193486 |
| Dream Finders Homes, Inc., Class A<sup>(b)(c)</sup> | 200904 | &nbsp;&nbsp; 4190857 |
| Ethan Allen Interiors, Inc.<sup>(b)</sup> | 24829 | &nbsp;&nbsp; 648782 |
| Etsy, Inc.<sup>(c)</sup> | 67222 | &nbsp;&nbsp; 3720738 |
| Foot Locker, Inc.<sup>(b)(c)</sup> | 559017 | &nbsp;&nbsp; 13282244 |
| Fox Factory Holding Corp.<sup>(c)</sup> | 59451 | &nbsp;&nbsp; 1524918 |
| Frontdoor, Inc.<sup>(c)</sup> | 51151 | &nbsp;&nbsp; 2813817 |
| Gentherm, Inc.<sup>(c)</sup> | 50612 | &nbsp;&nbsp; 1384997 |
| G-III Apparel Group Ltd.<sup>(c)</sup> | 131915 | &nbsp;&nbsp; 3832131 |
| Golden Entertainment, Inc. | 27032 | &nbsp;&nbsp; 771223 |
| Green Brick Partners, Inc.<sup>(c)</sup> | 37878 | &nbsp;&nbsp; 2213969 |
| Group 1 Automotive, Inc.<sup>(b)</sup> | 50428 | &nbsp;&nbsp; 21377438 |
| Guess?, Inc.<sup>(b)</sup> | 316242 | &nbsp;&nbsp; 3314216 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Consumer Discretionary-(continued)** | **Consumer Discretionary-(continued)** | **Consumer Discretionary-(continued)** |
| Hanesbrands, Inc.<sup>(b)(c)</sup> | 739020 | &nbsp;&nbsp; $3658149 |
| Helen of Troy Ltd.<sup>(b)(c)</sup> | 40190 | &nbsp;&nbsp; 1080709 |
| Installed Building Products, Inc.<sup>(b)</sup> | 18537 | &nbsp;&nbsp; 2956281 |
| Jack in the Box, Inc.<sup>(b)</sup> | 49995 | &nbsp;&nbsp; 948155 |
| Kohl's Corp.<sup>(b)</sup> | 2050935 | &nbsp;&nbsp; 16674102 |
| Kontoor Brands, Inc. | 45944 | &nbsp;&nbsp; 3151758 |
| La-Z-Boy, Inc.<sup>(b)</sup> | 56538 | &nbsp;&nbsp; 2368377 |
| LCI Industries | 44289 | &nbsp;&nbsp; 3859343 |
| Leggett & Platt, Inc.<sup>(b)</sup> | 590334 | &nbsp;&nbsp; 5348426 |
| LGI Homes, Inc.<sup>(b)(c)</sup> | 33023 | &nbsp;&nbsp; 1654452 |
| M/I Homes, Inc.<sup>(c)</sup> | 42312 | &nbsp;&nbsp; 4510882 |
| MarineMax, Inc.<sup>(b)(c)</sup> | 108322 | &nbsp;&nbsp; 2296426 |
| Meritage Homes Corp. | 97103 | &nbsp;&nbsp; 6176722 |
| Mister Car Wash, Inc.<sup>(b)(c)</sup> | 137461 | &nbsp;&nbsp; 973224 |
| Monarch Casino & Resort, Inc. | 6592 | &nbsp;&nbsp; 552014 |
| Monro, Inc. | 80258 | &nbsp;&nbsp; 1230355 |
| National Vision Holdings, Inc.<sup>(b)(c)</sup> | 169930 | &nbsp;&nbsp; 3366313 |
| Newell Brands, Inc. | 1263379 | &nbsp;&nbsp; 6695909 |
| Oxford Industries, Inc.<sup>(b)</sup> | 28867 | &nbsp;&nbsp; 1549581 |
| Papa John's International, Inc. | 50414 | &nbsp;&nbsp; 2281234 |
| Patrick Industries, Inc.<sup>(b)</sup> | 46906 | &nbsp;&nbsp; 4027349 |
| PENN Entertainment, Inc.<sup>(b)(c)</sup> | 437599 | &nbsp;&nbsp; 6489593 |
| Perdoceo Education Corp. | 30190 | &nbsp;&nbsp; 1027668 |
| PHINIA, Inc. | 86992 | &nbsp;&nbsp; 3775453 |
| Sabre Corp.<sup>(b)(c)</sup> | 1021028 | &nbsp;&nbsp; 2572991 |
| Sally Beauty Holdings, Inc.<sup>(b)(c)</sup> | 441267 | &nbsp;&nbsp; 3843436 |
| Shake Shack, Inc., Class A<sup>(c)</sup> | 15578 | &nbsp;&nbsp; 2021869 |
| Shoe Carnival, Inc.<sup>(b)</sup> | 61056 | &nbsp;&nbsp; 1173496 |
| Signet Jewelers Ltd.<sup>(b)</sup> | 153658 | &nbsp;&nbsp; 10229013 |
| Six Flags Entertainment Corp.<sup>(b)</sup> | 82363 | &nbsp;&nbsp; 2764102 |
| Sonic Automotive, Inc., Class A | 240858 | &nbsp;&nbsp; 16843200 |
| Sonos, Inc.<sup>(c)</sup> | 133806 | &nbsp;&nbsp; 1375526 |
| Standard Motor Products, Inc. | 60138 | &nbsp;&nbsp; 1822181 |
| Steven Madden Ltd. | 94655 | &nbsp;&nbsp; 2333246 |
| Strategic Education, Inc. | 16283 | &nbsp;&nbsp; 1485498 |
| Stride, Inc.<sup>(b)(c)</sup> | 20180 | &nbsp;&nbsp; 3055050 |
| Sturm, Ruger & Co., Inc.<sup>(b)</sup> | 14646 | &nbsp;&nbsp; 530185 |
| Topgolf Callaway Brands Corp.<sup>(b)(c)</sup> | 758307 | &nbsp;&nbsp; 4807666 |
| Tri Pointe Homes, Inc.<sup>(b)(c)</sup> | 155336 | &nbsp;&nbsp; 4579305 |
| Upbound Group, Inc. | 195625 | &nbsp;&nbsp; 4487638 |
| Urban Outfitters, Inc.<sup>(b)(c)</sup> | 115045 | &nbsp;&nbsp; 8041645 |
| Victoria's Secret & Co.<sup>(b)(c)</sup> | 397099 | &nbsp;&nbsp; 8422470 |
| Winnebago Industries, Inc. | 85940 | &nbsp;&nbsp; 2915944 |
| Wolverine World Wide, Inc. | 140338 | &nbsp;&nbsp; 2394166 |
| XPEL, Inc.<sup>(b)(c)(d)</sup> | 14852 | &nbsp;&nbsp; 534226 |
|  |  | &nbsp;&nbsp; 378835705 |
| **Consumer Staples-7.86%** | **Consumer Staples-7.86%** | **Consumer Staples-7.86%** |
| Andersons, Inc. (The) | 296621 | &nbsp;&nbsp; 10533012 |
| B&G Foods, Inc.<sup>(b)</sup> | 282336 | &nbsp;&nbsp; 1188634 |
| Cal-Maine Foods, Inc. | 39390 | &nbsp;&nbsp; 3778683 |
| Central Garden & Pet Co.<sup>(b)(c)</sup> | 47946 | &nbsp;&nbsp; 1728933 |
| Central Garden & Pet Co., Class A<sup>(c)</sup> | 54305 | &nbsp;&nbsp; 1736131 |
| Chefs' Warehouse, Inc. (The)<sup>(c)</sup> | 78298 | &nbsp;&nbsp; 4993846 |
| Edgewell Personal Care Co.<sup>(b)</sup> | 78316 | &nbsp;&nbsp; 2163088 |
| Energizer Holdings, Inc.<sup>(b)</sup> | 105690 | &nbsp;&nbsp; 2461520 |
| Fresh Del Monte Produce, Inc. | 156097 | &nbsp;&nbsp; 5513346 |
| Freshpet, Inc.<sup>(b)(c)</sup> | 12229 | &nbsp;&nbsp; 980277 |
| Grocery Outlet Holding Corp.<sup>(b)(c)</sup> | 390257 | &nbsp;&nbsp; 5299690 |
| Interparfums, Inc.<sup>(b)</sup> | 12262 | &nbsp;&nbsp; 1670330 |
| J&J Snack Foods Corp. | 12566 | &nbsp;&nbsp; 1447226 |
| John B. Sanfilippo & Son, Inc. | 16900 | &nbsp;&nbsp; 1050166 |
| MGP Ingredients, Inc.<sup>(b)</sup> | 24797 | &nbsp;&nbsp; 729528 |

---

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

------

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

May 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Consumer Staples-(continued)** | **Consumer Staples-(continued)** | **Consumer Staples-(continued)** |
| National Beverage Corp.<sup>(b)</sup> | 31221 | &nbsp;&nbsp; $1412126 |
| PriceSmart, Inc. | 65671 | &nbsp;&nbsp; 7091154 |
| Simply Good Foods Co. (The)<sup>(b)(c)</sup> | 41760 | &nbsp;&nbsp; 1441138 |
| SpartanNash Co. | 519497 | &nbsp;&nbsp; 10109412 |
| Tootsie Roll Industries, Inc.<sup>(b)</sup> | 24744 | &nbsp;&nbsp; 882124 |
| TreeHouse Foods, Inc.<sup>(c)</sup> | 126440 | &nbsp;&nbsp; 2839842 |
| United Natural Foods, Inc.<sup>(c)</sup> | 1254256 | &nbsp;&nbsp; 38342606 |
| Universal Corp. | 60599 | &nbsp;&nbsp; 3962569 |
| USANA Health Sciences, Inc.<sup>(c)</sup> | 28265 | &nbsp;&nbsp; 844275 |
| WD-40 Co. | 2599 | &nbsp;&nbsp; 633194 |
| WK Kellogg Co.<sup>(b)</sup> | 146606 | &nbsp;&nbsp; 2480573 |
|  |  | &nbsp;&nbsp; 115313423 |
| **Energy-8.15%** | **Energy-8.15%** | **Energy-8.15%** |
| Archrock, Inc. | 51053 | &nbsp;&nbsp; 1271220 |
| Atlas Energy Solutions, Inc.<sup>(b)</sup> | 64809 | &nbsp;&nbsp; 787429 |
| Bristow Group, Inc.<sup>(c)</sup> | 48074 | &nbsp;&nbsp; 1406645 |
| Cactus, Inc., Class A | 26863 | &nbsp;&nbsp; 1101383 |
| California Resources Corp. | 74590 | &nbsp;&nbsp; 3294640 |
| Comstock Resources, Inc.<sup>(b)(c)</sup> | 71500 | &nbsp;&nbsp; 1665950 |
| Core Laboratories, Inc.<sup>(b)</sup> | 37291 | &nbsp;&nbsp; 400878 |
| Core Natural Resources, Inc. | 33580 | &nbsp;&nbsp; 2327094 |
| Crescent Energy Co., Class A | 294079 | &nbsp;&nbsp; 2467323 |
| CVR Energy, Inc.<sup>(b)</sup> | 462436 | &nbsp;&nbsp; 10816378 |
| Dorian LPG Ltd. | 21584 | &nbsp;&nbsp; 462113 |
| Helix Energy Solutions Group, Inc.<sup>(c)</sup> | 183880 | &nbsp;&nbsp; 1138217 |
| Helmerich & Payne, Inc. | 117330 | &nbsp;&nbsp; 1789283 |
| Innovex International, Inc.<sup>(b)(c)</sup> | 38667 | &nbsp;&nbsp; 533605 |
| International Seaways, Inc. | 30769 | &nbsp;&nbsp; 1139991 |
| Liberty Energy, Inc., Class A | 321822 | &nbsp;&nbsp; 3729917 |
| Magnolia Oil & Gas Corp., Class A<sup>(b)</sup> | 61383 | &nbsp;&nbsp; 1319735 |
| Northern Oil and Gas, Inc.<sup>(b)</sup> | 80684 | &nbsp;&nbsp; 2144581 |
| Oceaneering International, Inc.<sup>(b)(c)</sup> | 147757 | &nbsp;&nbsp; 2817726 |
| Par Pacific Holdings, Inc.<sup>(c)</sup> | 670050 | &nbsp;&nbsp; 14466380 |
| Patterson-UTI Energy, Inc. | 754420 | &nbsp;&nbsp; 4164398 |
| Peabody Energy Corp. | 363676 | &nbsp;&nbsp; 4785976 |
| ProPetro Holding Corp.<sup>(b)(c)</sup> | 224089 | &nbsp;&nbsp; 1210081 |
| REX American Resources Corp.<sup>(c)</sup> | 19892 | &nbsp;&nbsp; 838249 |
| RPC, Inc.<sup>(b)</sup> | 286965 | &nbsp;&nbsp; 1274125 |
| SM Energy Co.<sup>(b)</sup> | 97239 | &nbsp;&nbsp; 2277337 |
| Talos Energy, Inc.<sup>(b)(c)</sup> | 254281 | &nbsp;&nbsp; 2044419 |
| Tidewater, Inc.<sup>(b)(c)</sup> | 35999 | &nbsp;&nbsp; 1429520 |
| Vital Energy, Inc.<sup>(b)(c)</sup> | 97344 | &nbsp;&nbsp; 1448479 |
| World Kinect Corp.<sup>(b)</sup> | 1648186 | &nbsp;&nbsp; 45143815 |
|  |  | &nbsp;&nbsp; 119696887 |
| **Financials-12.29%** | **Financials-12.29%** | **Financials-12.29%** |
| Acadian Asset Management, Inc. | 23132 | &nbsp;&nbsp; 696505 |
| Ameris Bancorp | 30205 | &nbsp;&nbsp; 1856701 |
| AMERISAFE, Inc. | 6560 | &nbsp;&nbsp; 311403 |
| &nbsp;&nbsp;&nbsp; Apollo Commercial Real Estate Finance, <br> Inc.<sup>(b)</sup><br>| 76375 | &nbsp;&nbsp; 750766 |
| Arbor Realty Trust, Inc.<sup>(b)</sup> | 126010 | &nbsp;&nbsp; 1207176 |
| ARMOUR Residential REIT, Inc.<sup>(b)</sup> | 13787 | &nbsp;&nbsp; 223487 |
| &nbsp;&nbsp;&nbsp; Artisan Partners Asset Management, Inc., <br> Class A<sup>(b)</sup><br>| 33107 | &nbsp;&nbsp; 1334212 |
| Assured Guaranty Ltd.<sup>(b)</sup> | 10488 | &nbsp;&nbsp; 886760 |
| Atlantic Union Bankshares Corp., Class B | 45117 | &nbsp;&nbsp; 1354412 |
| Axos Financial, Inc.<sup>(c)</sup> | 33737 | &nbsp;&nbsp; 2346071 |
| Banc of California, Inc. | 148190 | &nbsp;&nbsp; 2033167 |
| BancFirst Corp. | 8878 | &nbsp;&nbsp; 1098253 |
| Bancorp, Inc. (The)<sup>(c)</sup> | 14855 | &nbsp;&nbsp; 759091 |
| Bank of Hawaii Corp. | 16578 | &nbsp;&nbsp; 1102603 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Financials-(continued)** | **Financials-(continued)** | **Financials-(continued)** |
| BankUnited, Inc. | 65367 | &nbsp;&nbsp; $2221171 |
| Banner Corp. | 14280 | &nbsp;&nbsp; 880362 |
| Berkshire Hills Bancorp, Inc. | 26650 | &nbsp;&nbsp; 659854 |
| BGC Group, Inc., Class A | 285141 | &nbsp;&nbsp; 2646108 |
| &nbsp;&nbsp;&nbsp; Blackstone Mortgage Trust, Inc., <br> Class A<sup>(b)</sup><br>| 92744 | &nbsp;&nbsp; 1751934 |
| Bread Financial Holdings, Inc. | 108767 | &nbsp;&nbsp; 5573221 |
| Brookline Bancorp, Inc. | 64771 | &nbsp;&nbsp; 669084 |
| Capitol Federal Financial, Inc. | 77210 | &nbsp;&nbsp; 440869 |
| Cathay General Bancorp | 35261 | &nbsp;&nbsp; 1511110 |
| Central Pacific Financial Corp. | 13696 | &nbsp;&nbsp; 365683 |
| City Holding Co.<sup>(b)</sup> | 3566 | &nbsp;&nbsp; 420396 |
| Cohen & Steers, Inc. | 7190 | &nbsp;&nbsp; 552480 |
| Community Financial System, Inc.<sup>(b)</sup> | 17702 | &nbsp;&nbsp; 995560 |
| Customers Bancorp, Inc.<sup>(b)(c)</sup> | 30060 | &nbsp;&nbsp; 1531858 |
| CVB Financial Corp.<sup>(b)</sup> | 39648 | &nbsp;&nbsp; 743400 |
| &nbsp;&nbsp;&nbsp; Dime Community Bancshares, Inc., <br> Class B<br>| 25179 | &nbsp;&nbsp; 646093 |
| Donnelley Financial Solutions, Inc.<sup>(c)</sup> | 19369 | &nbsp;&nbsp; 1055223 |
| Eagle Bancorp, Inc. | 36877 | &nbsp;&nbsp; 649035 |
| Ellington Financial, Inc. | 32248 | &nbsp;&nbsp; 405357 |
| Employers Holdings, Inc. | 19535 | &nbsp;&nbsp; 950768 |
| Encore Capital Group, Inc.<sup>(b)(c)</sup> | 42955 | &nbsp;&nbsp; 1627995 |
| Enova International, Inc.<sup>(c)</sup> | 31795 | &nbsp;&nbsp; 2946443 |
| EVERTEC, Inc. | 25641 | &nbsp;&nbsp; 928973 |
| EZCORP, Inc., Class A<sup>(b)(c)</sup> | 95022 | &nbsp;&nbsp; 1278046 |
| FB Financial Corp. | 17872 | &nbsp;&nbsp; 780113 |
| First Bancorp | 75202 | &nbsp;&nbsp; 1502536 |
| First Bancorp/Southern Pines NC | 14826 | &nbsp;&nbsp; 613352 |
| First Commonwealth Financial Corp. | 48625 | &nbsp;&nbsp; 759523 |
| First Financial Bancorp | 53776 | &nbsp;&nbsp; 1299228 |
| First Hawaiian, Inc.<sup>(b)</sup> | 51498 | &nbsp;&nbsp; 1229772 |
| Franklin BSP Realty Trust, Inc. | 45048 | &nbsp;&nbsp; 496879 |
| Fulton Financial Corp.<sup>(b)</sup> | 110956 | &nbsp;&nbsp; 1913991 |
| Genworth Financial, Inc., Class A<sup>(c)</sup> | 1212166 | &nbsp;&nbsp; 8545770 |
| Goosehead Insurance, Inc., Class A<sup>(b)</sup> | 2800 | &nbsp;&nbsp; 303128 |
| &nbsp;&nbsp;&nbsp; HA Sustainable Infrastructure Capital, <br> Inc.<sup>(b)</sup><br>| 14490 | &nbsp;&nbsp; 362975 |
| Hanmi Financial Corp. | 21362 | &nbsp;&nbsp; 489617 |
| HCI Group, Inc.<sup>(b)</sup> | 5666 | &nbsp;&nbsp; 956251 |
| Heritage Financial Corp. | 14672 | &nbsp;&nbsp; 343031 |
| Hilltop Holdings, Inc. | 53198 | &nbsp;&nbsp; 1586364 |
| Hope Bancorp, Inc. | 105863 | &nbsp;&nbsp; 1062865 |
| Horace Mann Educators Corp. | 42422 | &nbsp;&nbsp; 1842387 |
| Independent Bank Corp.<sup>(b)</sup> | 17053 | &nbsp;&nbsp; 1048760 |
| Jackson Financial, Inc., Class A | 43797 | &nbsp;&nbsp; 3587412 |
| KKR Real Estate Finance Trust, Inc.<sup>(b)</sup> | 58601 | &nbsp;&nbsp; 523307 |
| Lakeland Financial Corp.<sup>(b)</sup> | 7579 | &nbsp;&nbsp; 453755 |
| Lincoln National Corp. | 642247 | &nbsp;&nbsp; 21284066 |
| Mercury General Corp. | 109350 | &nbsp;&nbsp; 7050888 |
| Moelis & Co., Class A | 21394 | &nbsp;&nbsp; 1221811 |
| Mr. Cooper Group, Inc.<sup>(b)(c)</sup> | 24275 | &nbsp;&nbsp; 3144341 |
| National Bank Holdings Corp., Class A | 16602 | &nbsp;&nbsp; 600162 |
| Navient Corp. | 355175 | &nbsp;&nbsp; 4773552 |
| NBT Bancorp, Inc. | 19737 | &nbsp;&nbsp; 825993 |
| NCR Atleos Corp.<sup>(b)(c)</sup> | 189645 | &nbsp;&nbsp; 5027489 |
| New York Mortgage Trust, Inc. | 83871 | &nbsp;&nbsp; 547678 |
| NMI Holdings, Inc., Class A<sup>(b)(c)</sup> | 20164 | &nbsp;&nbsp; 800914 |
| Northwest Bancshares, Inc. | 68733 | &nbsp;&nbsp; 844041 |
| OFG Bancorp | 23553 | &nbsp;&nbsp; 968970 |
| Pacific Premier Bancorp, Inc. | 44949 | &nbsp;&nbsp; 952919 |
| Palomar Holdings, Inc.<sup>(c)</sup> | 4660 | &nbsp;&nbsp; 799050 |

---

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

------

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

May 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Financials-(continued)** | **Financials-(continued)** | **Financials-(continued)** |
| Park National Corp. | 4658 | &nbsp;&nbsp; $757204 |
| Pathward Financial, Inc. | 11656 | &nbsp;&nbsp; 909751 |
| Payoneer Global, Inc.<sup>(c)</sup> | 145473 | &nbsp;&nbsp; 990671 |
| PennyMac Mortgage Investment Trust | 101590 | &nbsp;&nbsp; 1247525 |
| Piper Sandler Cos. | 6400 | &nbsp;&nbsp; 1609280 |
| PJT Partners, Inc., Class A<sup>(b)</sup> | 11398 | &nbsp;&nbsp; 1717223 |
| PRA Group, Inc.<sup>(c)</sup> | 64307 | &nbsp;&nbsp; 912516 |
| Preferred Bank<sup>(b)</sup> | 6881 | &nbsp;&nbsp; 575320 |
| ProAssurance Corp.<sup>(c)</sup> | 81513 | &nbsp;&nbsp; 1890286 |
| PROG Holdings, Inc. | 97802 | &nbsp;&nbsp; 2819632 |
| Provident Financial Services, Inc. | 73751 | &nbsp;&nbsp; 1231642 |
| Radian Group, Inc. | 44801 | &nbsp;&nbsp; 1529954 |
| Ready Capital Corp.<sup>(b)</sup> | 193341 | &nbsp;&nbsp; 864234 |
| Redwood Trust, Inc.<sup>(b)</sup> | 172655 | &nbsp;&nbsp; 940970 |
| Renasant Corp. | 34713 | &nbsp;&nbsp; 1216691 |
| S&T Bancorp, Inc.<sup>(b)</sup> | 16125 | &nbsp;&nbsp; 591143 |
| Safety Insurance Group, Inc. | 15797 | &nbsp;&nbsp; 1297566 |
| Seacoast Banking Corp. of Florida<sup>(b)</sup> | 33963 | &nbsp;&nbsp; 877264 |
| ServisFirst Bancshares, Inc. | 12813 | &nbsp;&nbsp; 953672 |
| Simmons First National Corp., Class A | 78341 | &nbsp;&nbsp; 1469677 |
| SiriusPoint Ltd. (Sweden)<sup>(c)</sup> | 199381 | &nbsp;&nbsp; 3905874 |
| Southside Bancshares, Inc.<sup>(b)</sup> | 16911 | &nbsp;&nbsp; 476721 |
| Stellar Bancorp, Inc.<sup>(b)</sup> | 24667 | &nbsp;&nbsp; 664036 |
| StepStone Group, Inc., Class A | 23782 | &nbsp;&nbsp; 1375789 |
| Stewart Information Services Corp. | 37603 | &nbsp;&nbsp; 2268965 |
| StoneX Group, Inc.<sup>(c)</sup> | 28745 | &nbsp;&nbsp; 2433408 |
| Tompkins Financial Corp. | 7403 | &nbsp;&nbsp; 454544 |
| Triumph Financial, Inc.<sup>(b)(c)</sup> | 8877 | &nbsp;&nbsp; 512824 |
| Trupanion, Inc.<sup>(b)(c)</sup> | 40689 | &nbsp;&nbsp; 1920114 |
| TrustCo Bank Corp. | 9205 | &nbsp;&nbsp; 285723 |
| Trustmark Corp. | 30732 | &nbsp;&nbsp; 1059025 |
| Two Harbors Investment Corp.<sup>(b)</sup> | 68032 | &nbsp;&nbsp; 720459 |
| United Community Banks, Inc. | 56147 | &nbsp;&nbsp; 1613665 |
| &nbsp;&nbsp;&nbsp; United Fire Group, Inc., (Acquired <br> 08/27/2020 - 04/04/2025; <br> Cost $1,079,449)<sup>(e)</sup><br>| 47943 | &nbsp;&nbsp; 1363978 |
| Veritex Holdings, Inc. | 35335 | &nbsp;&nbsp; 855107 |
| Virtu Financial, Inc., Class A | 82753 | &nbsp;&nbsp; 3325843 |
| Virtus Investment Partners, Inc. | 5453 | &nbsp;&nbsp; 930827 |
| WaFd, Inc. | 57928 | &nbsp;&nbsp; 1646314 |
| Walker & Dunlop, Inc. | 13861 | &nbsp;&nbsp; 949340 |
| Westamerica Bancorporation<sup>(b)</sup> | 6654 | &nbsp;&nbsp; 319725 |
| WisdomTree, Inc.<sup>(b)</sup> | 53531 | &nbsp;&nbsp; 505333 |
| World Acceptance Corp.<sup>(c)</sup> | 5117 | &nbsp;&nbsp; 790474 |
| WSFS Financial Corp. | 30103 | &nbsp;&nbsp; 1592148 |
|  |  | &nbsp;&nbsp; 180326977 |
| **Health Care-5.79%** | **Health Care-5.79%** | **Health Care-5.79%** |
| Acadia Pharmaceuticals, Inc.<sup>(c)</sup> | 61548 | &nbsp;&nbsp; 1327590 |
| AdaptHealth Corp.<sup>(b)(c)</sup> | 368011 | &nbsp;&nbsp; 3304739 |
| Addus HomeCare Corp.<sup>(b)(c)</sup> | 13261 | &nbsp;&nbsp; 1470778 |
| ADMA Biologics, Inc.<sup>(c)</sup> | 24794 | &nbsp;&nbsp; 491913 |
| Alkermes PLC<sup>(c)</sup> | 50161 | &nbsp;&nbsp; 1535428 |
| AMN Healthcare Services, Inc.<sup>(c)</sup> | 127573 | &nbsp;&nbsp; 2693066 |
| Amphastar Pharmaceuticals, Inc.<sup>(b)(c)</sup> | 30114 | &nbsp;&nbsp; 774231 |
| ANI Pharmaceuticals, Inc.<sup>(b)(c)</sup> | 10429 | &nbsp;&nbsp; 612391 |
| Arcus Biosciences, Inc.<sup>(b)(c)</sup> | 28467 | &nbsp;&nbsp; 254210 |
| Arrowhead Pharmaceuticals, Inc.<sup>(b)(c)</sup> | 902 | &nbsp;&nbsp; 14495 |
| Artivion, Inc.<sup>(b)(c)</sup> | 17798 | &nbsp;&nbsp; 526465 |
| Astrana Health, Inc.<sup>(b)(c)</sup> | 73665 | &nbsp;&nbsp; 1826155 |
| Avanos Medical, Inc.<sup>(c)</sup> | 50775 | &nbsp;&nbsp; 638242 |
| Azenta, Inc.<sup>(b)(c)</sup> | 18344 | &nbsp;&nbsp; 490152 |
| BioLife Solutions, Inc.<sup>(b)(c)</sup> | 4721 | &nbsp;&nbsp; 103295 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Health Care-(continued)** | **Health Care-(continued)** | **Health Care-(continued)** |
| Catalyst Pharmaceuticals, Inc.<sup>(c)</sup> | 24963 | &nbsp;&nbsp; $623076 |
| Certara, Inc.<sup>(b)(c)</sup> | 37287 | &nbsp;&nbsp; 423580 |
| Collegium Pharmaceutical, Inc.<sup>(c)</sup> | 23083 | &nbsp;&nbsp; 672639 |
| Concentra Group Holdings Parent, Inc. | 99036 | &nbsp;&nbsp; 2142149 |
| CONMED Corp.<sup>(b)</sup> | 23577 | &nbsp;&nbsp; 1337995 |
| Corcept Therapeutics, Inc.<sup>(b)(c)</sup> | 13108 | &nbsp;&nbsp; 1016657 |
| CorVel Corp.<sup>(c)</sup> | 8878 | &nbsp;&nbsp; 987855 |
| Cytek Biosciences, Inc.<sup>(b)(c)</sup> | 51505 | &nbsp;&nbsp; 142669 |
| Dynavax Technologies Corp.<sup>(b)(c)</sup> | 21620 | &nbsp;&nbsp; 211660 |
| Embecta Corp. | 88153 | &nbsp;&nbsp; 928251 |
| Enovis Corp.<sup>(b)(c)</sup> | 62147 | &nbsp;&nbsp; 1945201 |
| Fortrea Holdings, Inc.<sup>(b)(c)</sup> | 292319 | &nbsp;&nbsp; 1256972 |
| Glaukos Corp.<sup>(c)</sup> | 4012 | &nbsp;&nbsp; 378291 |
| Harmony Biosciences Holdings, Inc.<sup>(c)</sup> | 23037 | &nbsp;&nbsp; 794777 |
| HealthStream, Inc. | 9654 | &nbsp;&nbsp; 270505 |
| ICU Medical, Inc.<sup>(c)</sup> | 18094 | &nbsp;&nbsp; 2440157 |
| Innoviva, Inc.<sup>(b)(c)</sup> | 23086 | &nbsp;&nbsp; 451793 |
| Inspire Medical Systems, Inc.<sup>(c)</sup> | 5325 | &nbsp;&nbsp; 735915 |
| Integer Holdings Corp.<sup>(b)(c)</sup> | 15725 | &nbsp;&nbsp; 1867501 |
| Integra LifeSciences Holdings Corp.<sup>(b)(c)</sup> | 77826 | &nbsp;&nbsp; 985277 |
| Krystal Biotech, Inc.<sup>(b)(c)</sup> | 1760 | &nbsp;&nbsp; 221690 |
| LeMaitre Vascular, Inc. | 2821 | &nbsp;&nbsp; 231886 |
| Ligand Pharmaceuticals, Inc.<sup>(b)(c)</sup> | 1777 | &nbsp;&nbsp; 181592 |
| Merit Medical Systems, Inc.<sup>(c)</sup> | 14859 | &nbsp;&nbsp; 1412051 |
| Mesa Laboratories, Inc. | 1915 | &nbsp;&nbsp; 192687 |
| Myriad Genetics, Inc.<sup>(c)</sup> | 86691 | &nbsp;&nbsp; 363235 |
| National HealthCare Corp.<sup>(b)</sup> | 14802 | &nbsp;&nbsp; 1541480 |
| Neogen Corp.<sup>(b)(c)</sup> | 103774 | &nbsp;&nbsp; 608116 |
| NeoGenomics, Inc.<sup>(b)(c)</sup> | 69318 | &nbsp;&nbsp; 504635 |
| &nbsp;&nbsp;&nbsp; OmniAb Operations, Inc., Rts., expiring <br> 11/02/2027<sup>(b)(c)(f)</sup><br>| 785 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp; OmniAb Operations, Inc., Rts., expiring <br> 11/02/2027<sup>(c)(f)</sup><br>| 785 | &nbsp;&nbsp; 0 |
| Omnicell, Inc.<sup>(c)</sup> | 35926 | &nbsp;&nbsp; 1091073 |
| Organon & Co.<sup>(b)</sup> | 468165 | &nbsp;&nbsp; 4316481 |
| Owens & Minor, Inc.<sup>(b)(c)</sup> | 1228284 | &nbsp;&nbsp; 8106674 |
| Pacira BioSciences, Inc.<sup>(b)(c)</sup> | 34091 | &nbsp;&nbsp; 880911 |
| Pediatrix Medical Group, Inc.<sup>(c)</sup> | 155386 | &nbsp;&nbsp; 2198712 |
| Phibro Animal Health Corp., Class A | 54006 | &nbsp;&nbsp; 1318827 |
| Premier, Inc., Class A | 70049 | &nbsp;&nbsp; 1609726 |
| Prestige Consumer Healthcare, Inc.<sup>(c)</sup> | 14539 | &nbsp;&nbsp; 1245556 |
| Privia Health Group, Inc.<sup>(c)</sup> | 77677 | &nbsp;&nbsp; 1767929 |
| Progyny, Inc.<sup>(b)(c)</sup> | 62526 | &nbsp;&nbsp; 1344309 |
| Protagonist Therapeutics, Inc.<sup>(b)(c)</sup> | 8158 | &nbsp;&nbsp; 387260 |
| QuidelOrtho Corp.<sup>(b)(c)</sup> | 81043 | &nbsp;&nbsp; 2485589 |
| RadNet, Inc.<sup>(b)(c)</sup> | 41545 | &nbsp;&nbsp; 2388422 |
| Schrodinger, Inc.<sup>(b)(c)</sup> | 9665 | &nbsp;&nbsp; 208957 |
| Select Medical Holdings Corp. | 431314 | &nbsp;&nbsp; 6594791 |
| Simulations Plus, Inc.<sup>(b)</sup> | 2862 | &nbsp;&nbsp; 91140 |
| &nbsp;&nbsp;&nbsp; STAAR Surgical Co., (Acquired <br> 09/15/2023 - 02/03/2025; <br> Cost $619,723)<sup>(b)(c)(e)</sup><br>| 18750 | &nbsp;&nbsp; 333938 |
| Supernus Pharmaceuticals, Inc.<sup>(c)</sup> | 22823 | &nbsp;&nbsp; 723489 |
| Tandem Diabetes Care, Inc.<sup>(b)(c)</sup> | 53949 | &nbsp;&nbsp; 1069269 |
| Teleflex, Inc. | 24950 | &nbsp;&nbsp; 3050637 |
| TG Therapeutics, Inc.<sup>(b)(c)</sup> | 9339 | &nbsp;&nbsp; 327892 |
| TransMedics Group, Inc.<sup>(b)(c)</sup> | 7079 | &nbsp;&nbsp; 899882 |
| U.S. Physical Therapy, Inc. | 9190 | &nbsp;&nbsp; 689158 |
| UFP Technologies, Inc.<sup>(b)(c)</sup> | 2498 | &nbsp;&nbsp; 585032 |
| Vericel Corp.<sup>(b)(c)</sup> | 5388 | &nbsp;&nbsp; 222497 |

---

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

------

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

May 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Health Care-(continued)** | **Health Care-(continued)** | **Health Care-(continued)** |
| Vir Biotechnology, Inc.<sup>(b)(c)</sup> | 10859 | &nbsp;&nbsp; $53643 |
| Xencor, Inc.<sup>(b)(c)</sup> | 8880 | &nbsp;&nbsp; 71040 |
|  |  | &nbsp;&nbsp; 84996276 |
| **Industrials-18.74%** | **Industrials-18.74%** | **Industrials-18.74%** |
| AAR Corp.<sup>(c)</sup> | 41646 | &nbsp;&nbsp; 2557481 |
| ABM Industries, Inc. | 199485 | &nbsp;&nbsp; 10502885 |
| AeroVironment, Inc.<sup>(b)(c)</sup> | 6522 | &nbsp;&nbsp; 1161112 |
| Air Lease Corp., Class A | 64555 | &nbsp;&nbsp; 3719013 |
| Alamo Group, Inc. | 9474 | &nbsp;&nbsp; 1876231 |
| Albany International Corp., Class A | 18214 | &nbsp;&nbsp; 1203399 |
| Allegiant Travel Co.<sup>(b)</sup> | 49261 | &nbsp;&nbsp; 2737926 |
| Amentum Holdings, Inc.<sup>(c)</sup> | 573274 | &nbsp;&nbsp; 11843841 |
| American Woodmark Corp.<sup>(c)</sup> | 32461 | &nbsp;&nbsp; 1829827 |
| Apogee Enterprises, Inc. | 31216 | &nbsp;&nbsp; 1206498 |
| ArcBest Corp.<sup>(b)</sup> | 61816 | &nbsp;&nbsp; 3875245 |
| Arcosa, Inc. | 35584 | &nbsp;&nbsp; 3069832 |
| Armstrong World Industries, Inc. | 11127 | &nbsp;&nbsp; 1731695 |
| Astec Industries, Inc. | 39696 | &nbsp;&nbsp; 1559656 |
| AZZ, Inc. | 19517 | &nbsp;&nbsp; 1769997 |
| Boise Cascade Co. | 74526 | &nbsp;&nbsp; 6474819 |
| Brady Corp., Class A | 21958 | &nbsp;&nbsp; 1532010 |
| CoreCivic, Inc.<sup>(c)</sup> | 104823 | &nbsp;&nbsp; 2301913 |
| CSG Systems International, Inc. | 21177 | &nbsp;&nbsp; 1398953 |
| CSW Industrials, Inc. | 3133 | &nbsp;&nbsp; 958040 |
| Deluxe Corp. | 145970 | &nbsp;&nbsp; 2082992 |
| DNOW, Inc.<sup>(c)</sup> | 171166 | &nbsp;&nbsp; 2468214 |
| DXP Enterprises, Inc.<sup>(c)</sup> | 22745 | &nbsp;&nbsp; 1880557 |
| Dycom Industries, Inc.<sup>(c)</sup> | 34468 | &nbsp;&nbsp; 7924883 |
| Enerpac Tool Group Corp. | 14502 | &nbsp;&nbsp; 621846 |
| Enpro, Inc. | 6572 | &nbsp;&nbsp; 1216740 |
| Enviri Corp.<sup>(b)(c)</sup> | 396006 | &nbsp;&nbsp; 3227449 |
| ESCO Technologies, Inc. | 7250 | &nbsp;&nbsp; 1313990 |
| Everus Construction Group, Inc.<sup>(c)</sup> | 79196 | &nbsp;&nbsp; 4586240 |
| Federal Signal Corp.<sup>(b)</sup> | 25399 | &nbsp;&nbsp; 2389284 |
| Forward Air Corp.<sup>(b)(c)</sup> | 150933 | &nbsp;&nbsp; 2532656 |
| Franklin Electric Co., Inc. | 21843 | &nbsp;&nbsp; 1887017 |
| Gates Industrial Corp. PLC<sup>(b)(c)</sup> | 195123 | &nbsp;&nbsp; 4126851 |
| GEO Group, Inc. (The)<sup>(b)(c)</sup> | 100709 | &nbsp;&nbsp; 2733242 |
| Gibraltar Industries, Inc.<sup>(c)</sup> | 22052 | &nbsp;&nbsp; 1291806 |
| GMS, Inc.<sup>(b)(c)</sup> | 87032 | &nbsp;&nbsp; 6590933 |
| Granite Construction, Inc.<sup>(b)</sup> | 60291 | &nbsp;&nbsp; 5393030 |
| Greenbrier Cos., Inc. (The) | 70762 | &nbsp;&nbsp; 3189243 |
| Griffon Corp. | 40843 | &nbsp;&nbsp; 2807956 |
| Hayward Holdings, Inc.<sup>(c)</sup> | 80537 | &nbsp;&nbsp; 1123491 |
| Healthcare Services Group, Inc.<sup>(c)</sup> | 170471 | &nbsp;&nbsp; 2403641 |
| Heartland Express, Inc.<sup>(b)</sup> | 120085 | &nbsp;&nbsp; 1074761 |
| Heidrick & Struggles International, Inc. | 27486 | &nbsp;&nbsp; 1200039 |
| Hertz Global Holdings, Inc.<sup>(b)(c)</sup> | 2586405 | &nbsp;&nbsp; 16940953 |
| Hillenbrand, Inc. | 127982 | &nbsp;&nbsp; 2500768 |
| HNI Corp. | 61860 | &nbsp;&nbsp; 2878346 |
| Hub Group, Inc., Class A | 114548 | &nbsp;&nbsp; 3861413 |
| Insteel Industries, Inc. | 21821 | &nbsp;&nbsp; 764171 |
| Interface, Inc. | 75255 | &nbsp;&nbsp; 1511873 |
| JBT Marel Corp. | 14979 | &nbsp;&nbsp; 1719739 |
| JetBlue Airways Corp.<sup>(b)(c)</sup> | 1834654 | &nbsp;&nbsp; 9265003 |
| Kadant, Inc.<sup>(b)</sup> | 3262 | &nbsp;&nbsp; 1023974 |
| Kennametal, Inc. | 103304 | &nbsp;&nbsp; 2224135 |
| Korn Ferry | 44382 | &nbsp;&nbsp; 3018420 |
| &nbsp;&nbsp;&nbsp; Kratos Defense & Security Solutions, <br> Inc.<sup>(b)(c)</sup><br>| 41173 | &nbsp;&nbsp; 1518872 |
| Lindsay Corp. | 5308 | &nbsp;&nbsp; 739935 |
| Liquidity Services, Inc.<sup>(b)(c)</sup> | 15091 | &nbsp;&nbsp; 352677 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Industrials-(continued)** | **Industrials-(continued)** | **Industrials-(continued)** |
| Marten Transport Ltd. | 74531 | &nbsp;&nbsp; $971884 |
| MasterBrand, Inc.<sup>(c)</sup> | 215771 | &nbsp;&nbsp; 2200864 |
| Matson, Inc.<sup>(b)</sup> | 27836 | &nbsp;&nbsp; 3141293 |
| Matthews International Corp., Class A<sup>(b)</sup> | 82513 | &nbsp;&nbsp; 1769904 |
| Mercury Systems, Inc.<sup>(b)(c)</sup> | 22724 | &nbsp;&nbsp; 1119157 |
| MillerKnoll, Inc. | 197506 | &nbsp;&nbsp; 3331926 |
| Moog, Inc., Class A | 22881 | &nbsp;&nbsp; 4240078 |
| Mueller Water Products, Inc., Class A | 54903 | &nbsp;&nbsp; 1346771 |
| MYR Group, Inc.<sup>(c)</sup> | 32398 | &nbsp;&nbsp; 5081626 |
| National Presto Industries, Inc. | 4316 | &nbsp;&nbsp; 369665 |
| NV5 Global, Inc.<sup>(c)</sup> | 58599 | &nbsp;&nbsp; 1295038 |
| OPENLANE, Inc.<sup>(b)(c)</sup> | 90562 | &nbsp;&nbsp; 2076587 |
| Pitney Bowes, Inc. | 302911 | &nbsp;&nbsp; 3119983 |
| Powell Industries, Inc.<sup>(b)</sup> | 6790 | &nbsp;&nbsp; 1151516 |
| Proto Labs, Inc.<sup>(c)</sup> | 14526 | &nbsp;&nbsp; 537171 |
| Pursuit Attractions and Hospitality, Inc.<sup>(c)</sup> | 38527 | &nbsp;&nbsp; 1074518 |
| Quanex Building Products Corp.<sup>(b)</sup> | 83009 | &nbsp;&nbsp; 1388741 |
| Resideo Technologies, Inc.<sup>(b)(c)</sup> | 427664 | &nbsp;&nbsp; 8852645 |
| Robert Half, Inc.<sup>(b)</sup> | 119539 | &nbsp;&nbsp; 5473691 |
| Rush Enterprises, Inc., Class A | 157966 | &nbsp;&nbsp; 7843012 |
| RXO, Inc.<sup>(b)(c)</sup> | 270988 | &nbsp;&nbsp; 4208444 |
| Schneider National, Inc., Class B | 242650 | &nbsp;&nbsp; 5622200 |
| SkyWest, Inc.<sup>(c)</sup> | 46854 | &nbsp;&nbsp; 4753338 |
| SPX Technologies, Inc.<sup>(c)</sup> | 15996 | &nbsp;&nbsp; 2432832 |
| Standex International Corp. | 4322 | &nbsp;&nbsp; 652363 |
| Sun Country Airlines Holdings, Inc.<sup>(b)(c)</sup> | 92066 | &nbsp;&nbsp; 1066124 |
| Sunrun, Inc.<sup>(b)(c)</sup> | 333404 | &nbsp;&nbsp; 2497196 |
| Tennant Co. | 16674 | &nbsp;&nbsp; 1240879 |
| Titan International, Inc.<sup>(b)(c)</sup> | 242715 | &nbsp;&nbsp; 1757257 |
| Trinity Industries, Inc. | 114244 | &nbsp;&nbsp; 2940641 |
| Triumph Group, Inc.<sup>(c)</sup> | 52846 | &nbsp;&nbsp; 1362898 |
| UniFirst Corp. | 13304 | &nbsp;&nbsp; 2508602 |
| Verra Mobility Corp., Class A<sup>(c)</sup> | 47947 | &nbsp;&nbsp; 1133947 |
| Vestis Corp. | 272543 | &nbsp;&nbsp; 1678865 |
| Vicor Corp.<sup>(b)(c)</sup> | 7218 | &nbsp;&nbsp; 314993 |
| Werner Enterprises, Inc.<sup>(b)</sup> | 109130 | &nbsp;&nbsp; 2831923 |
| WillScot Holdings Corp. | 86149 | &nbsp;&nbsp; 2321715 |
| Worthington Enterprises, Inc. | 31016 | &nbsp;&nbsp; 1827153 |
| Zurn Elkay Water Solutions Corp. | 51450 | &nbsp;&nbsp; 1861975 |
|  |  | &nbsp;&nbsp; 275096928 |
| **Information Technology-8.54%** | **Information Technology-8.54%** | **Information Technology-8.54%** |
| A10 Networks, Inc. | 14336 | &nbsp;&nbsp; 247439 |
| ACI Worldwide, Inc.<sup>(c)</sup> | 33331 | &nbsp;&nbsp; 1541892 |
| Adeia, Inc. | 28752 | &nbsp;&nbsp; 369176 |
| Advanced Energy Industries, Inc. | 15158 | &nbsp;&nbsp; 1739835 |
| Agilysys, Inc.<sup>(b)(c)</sup> | 3826 | &nbsp;&nbsp; 405212 |
| Alarm.com Holdings, Inc.<sup>(b)(c)</sup> | 17135 | &nbsp;&nbsp; 983549 |
| Alpha & Omega Semiconductor Ltd.<sup>(c)</sup> | 27252 | &nbsp;&nbsp; 578287 |
| Arlo Technologies, Inc.<sup>(c)</sup> | 51661 | &nbsp;&nbsp; 739785 |
| Axcelis Technologies, Inc.<sup>(b)(c)</sup> | 18494 | &nbsp;&nbsp; 1041952 |
| Badger Meter, Inc. | 4591 | &nbsp;&nbsp; 1139578 |
| Benchmark Electronics, Inc. | 73940 | &nbsp;&nbsp; 2700289 |
| BlackLine, Inc.<sup>(c)</sup> | 14619 | &nbsp;&nbsp; 817641 |
| Box, Inc., Class A<sup>(b)(c)</sup> | 37767 | &nbsp;&nbsp; 1428348 |
| Calix, Inc.<sup>(c)</sup> | 27487 | &nbsp;&nbsp; 1270999 |
| CEVA, Inc.<sup>(b)(c)</sup> | 3791 | &nbsp;&nbsp; 71119 |
| CleanSpark, Inc.<sup>(b)(c)</sup> | 62153 | &nbsp;&nbsp; 536380 |
| Clear Secure, Inc., Class A | 33243 | &nbsp;&nbsp; 822764 |
| Cohu, Inc.<sup>(c)</sup> | 26140 | &nbsp;&nbsp; 446210 |
| Corsair Gaming, Inc.<sup>(b)(c)</sup> | 130309 | &nbsp;&nbsp; 1145416 |
| CTS Corp. | 12942 | &nbsp;&nbsp; 526610 |
| Digi International, Inc.<sup>(c)</sup> | 15554 | &nbsp;&nbsp; 504105 |

---

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

------

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

May 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Information Technology-(continued)** | **Information Technology-(continued)** | **Information Technology-(continued)** |
| DigitalOcean Holdings, Inc.<sup>(b)(c)</sup> | 23110 | &nbsp;&nbsp; $654013 |
| Diodes, Inc.<sup>(b)(c)</sup> | 29964 | &nbsp;&nbsp; 1330402 |
| DoubleVerify Holdings, Inc.<sup>(c)</sup> | 48238 | &nbsp;&nbsp; 662790 |
| DXC Technology Co.<sup>(c)</sup> | 834725 | &nbsp;&nbsp; 12687820 |
| ePlus, Inc.<sup>(c)</sup> | 35634 | &nbsp;&nbsp; 2543199 |
| Extreme Networks, Inc.<sup>(c)</sup> | 76339 | &nbsp;&nbsp; 1196232 |
| FormFactor, Inc.<sup>(c)</sup> | 26634 | &nbsp;&nbsp; 795025 |
| Grid Dynamics Holdings, Inc.<sup>(c)</sup> | 22548 | &nbsp;&nbsp; 282526 |
| Harmonic, Inc.<sup>(b)(c)</sup> | 72106 | &nbsp;&nbsp; 650396 |
| Ichor Holdings Ltd.<sup>(c)</sup> | 36365 | &nbsp;&nbsp; 573840 |
| Impinj, Inc.<sup>(b)(c)</sup> | 4370 | &nbsp;&nbsp; 498573 |
| Insight Enterprises, Inc.<sup>(c)</sup> | 62540 | &nbsp;&nbsp; 8154591 |
| InterDigital, Inc.<sup>(b)</sup> | 4479 | &nbsp;&nbsp; 973108 |
| Itron, Inc.<sup>(c)</sup> | 25501 | &nbsp;&nbsp; 2947916 |
| Knowles Corp.<sup>(c)</sup> | 45444 | &nbsp;&nbsp; 745736 |
| &nbsp;&nbsp;&nbsp; Kulicke & Soffa Industries, Inc. <br> (Singapore)<br>| 20990 | &nbsp;&nbsp; 674828 |
| LiveRamp Holdings, Inc.<sup>(c)</sup> | 29587 | &nbsp;&nbsp; 963944 |
| MARA Holdings, Inc.<sup>(b)(c)</sup> | 53921 | &nbsp;&nbsp; 761364 |
| MaxLinear, Inc.<sup>(c)</sup> | 30302 | &nbsp;&nbsp; 345140 |
| N-able, Inc.<sup>(c)</sup> | 70054 | &nbsp;&nbsp; 545721 |
| NCR Voyix Corp.<sup>(b)(c)</sup> | 351211 | &nbsp;&nbsp; 3894930 |
| NetScout Systems, Inc.<sup>(c)</sup> | 42168 | &nbsp;&nbsp; 963117 |
| OSI Systems, Inc.<sup>(b)(c)</sup> | 10135 | &nbsp;&nbsp; 2220680 |
| PC Connection, Inc. | 49311 | &nbsp;&nbsp; 3224939 |
| PDF Solutions, Inc.<sup>(c)</sup> | 8881 | &nbsp;&nbsp; 157194 |
| Penguin Solutions, Inc.<sup>(b)(c)</sup> | 79416 | &nbsp;&nbsp; 1410428 |
| Photronics, Inc.<sup>(c)</sup> | 44405 | &nbsp;&nbsp; 742008 |
| Plexus Corp.<sup>(c)</sup> | 35281 | &nbsp;&nbsp; 4630984 |
| Progress Software Corp. | 14916 | &nbsp;&nbsp; 918229 |
| Qorvo, Inc.<sup>(c)</sup> | 60091 | &nbsp;&nbsp; 4568118 |
| Rogers Corp.<sup>(c)</sup> | 12128 | &nbsp;&nbsp; 807361 |
| Sandisk Corp.<sup>(b)(c)</sup> | 153929 | &nbsp;&nbsp; 5801584 |
| Sanmina Corp.<sup>(c)</sup> | 112281 | &nbsp;&nbsp; 9509078 |
| ScanSource, Inc.<sup>(c)</sup> | 91080 | &nbsp;&nbsp; 3677810 |
| Semtech Corp.<sup>(b)(c)</sup> | 26923 | &nbsp;&nbsp; 1005036 |
| SiTime Corp.<sup>(c)</sup> | 1431 | &nbsp;&nbsp; 280576 |
| SolarEdge Technologies, Inc.<sup>(b)(c)</sup> | 62993 | &nbsp;&nbsp; 1125055 |
| Sprinklr, Inc., Class A<sup>(b)(c)</sup> | 90821 | &nbsp;&nbsp; 766529 |
| SPS Commerce, Inc.<sup>(c)</sup> | 5325 | &nbsp;&nbsp; 749547 |
| Teradata Corp.<sup>(c)</sup> | 84367 | &nbsp;&nbsp; 1852699 |
| TTM Technologies, Inc.<sup>(c)</sup> | 119179 | &nbsp;&nbsp; 3558685 |
| Ultra Clean Holdings, Inc.<sup>(c)</sup> | 91683 | &nbsp;&nbsp; 1775900 |
| Veeco Instruments, Inc.<sup>(b)(c)</sup> | 36113 | &nbsp;&nbsp; 697342 |
| Viasat, Inc.<sup>(b)(c)</sup> | 528990 | &nbsp;&nbsp; 4618083 |
| Viavi Solutions, Inc.<sup>(b)(c)</sup> | 100804 | &nbsp;&nbsp; 918324 |
| Vishay Intertechnology, Inc. | 190003 | &nbsp;&nbsp; 2673342 |
| Wolfspeed, Inc.<sup>(b)(c)</sup> | 159409 | &nbsp;&nbsp; 189697 |
| Xerox Holdings Corp.<sup>(b)</sup> | 1132020 | &nbsp;&nbsp; 5535578 |
|  |  | &nbsp;&nbsp; 125316603 |
| **Materials-5.44%** | **Materials-5.44%** | **Materials-5.44%** |
| AdvanSix, Inc. | 68875 | &nbsp;&nbsp; 1619251 |
| Alpha Metallurgical Resources, Inc.<sup>(b)(c)</sup> | 25216 | &nbsp;&nbsp; 2825201 |
| Balchem Corp. | 6032 | &nbsp;&nbsp; 1005534 |
| Celanese Corp. | 210563 | &nbsp;&nbsp; 11124043 |
| Century Aluminum Co.<sup>(b)(c)</sup> | 124687 | &nbsp;&nbsp; 1931402 |
| Chemours Co. (The)<sup>(b)</sup> | 454489 | &nbsp;&nbsp; 4603974 |
| Element Solutions, Inc. | 105016 | &nbsp;&nbsp; 2245242 |
| FMC Corp. | 114759 | &nbsp;&nbsp; 4654625 |
| H.B. Fuller Co. | 71236 | &nbsp;&nbsp; 3976394 |
| Hawkins, Inc. | 9683 | &nbsp;&nbsp; 1292584 |
| Ingevity Corp.<sup>(c)</sup> | 33715 | &nbsp;&nbsp; 1394790 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Materials-(continued)** | **Materials-(continued)** | **Materials-(continued)** |
| Innospec, Inc. | 20226 | &nbsp;&nbsp; $1720828 |
| Kaiser Aluminum Corp. | 49897 | &nbsp;&nbsp; 3622023 |
| Koppers Holdings, Inc. | 76177 | &nbsp;&nbsp; 2340157 |
| Materion Corp. | 21551 | &nbsp;&nbsp; 1668694 |
| Metallus, Inc.<sup>(b)(c)</sup> | 87362 | &nbsp;&nbsp; 1103382 |
| Minerals Technologies, Inc. | 33814 | &nbsp;&nbsp; 1919959 |
| MP Materials Corp.<sup>(b)(c)</sup> | 8878 | &nbsp;&nbsp; 193452 |
| O-I Glass, Inc.<sup>(c)</sup> | 613330 | &nbsp;&nbsp; 8040756 |
| Quaker Chemical Corp.<sup>(b)</sup> | 15282 | &nbsp;&nbsp; 1657180 |
| Sealed Air Corp. | 196871 | &nbsp;&nbsp; 6339246 |
| Sensient Technologies Corp. | 23082 | &nbsp;&nbsp; 2181941 |
| Stepan Co. | 40843 | &nbsp;&nbsp; 2217367 |
| SunCoke Energy, Inc. | 229056 | &nbsp;&nbsp; 1864516 |
| Sylvamo Corp. | 62933 | &nbsp;&nbsp; 3333561 |
| Warrior Met Coal, Inc.<sup>(b)</sup> | 34180 | &nbsp;&nbsp; 1553481 |
| Worthington Steel, Inc. | 136699 | &nbsp;&nbsp; 3403805 |
|  |  | &nbsp;&nbsp; 79833388 |
| **Real Estate-3.22%** | **Real Estate-3.22%** | **Real Estate-3.22%** |
| Acadia Realty Trust | 17835 | &nbsp;&nbsp; 343502 |
| Alexander & Baldwin, Inc. | 14124 | &nbsp;&nbsp; 252961 |
| American Assets Trust, Inc. | 24260 | &nbsp;&nbsp; 483744 |
| Apple Hospitality REIT, Inc. | 112747 | &nbsp;&nbsp; 1306738 |
| Armada Hoffler Properties, Inc. | 87554 | &nbsp;&nbsp; 609376 |
| Brandywine Realty Trust<sup>(b)</sup> | 119699 | &nbsp;&nbsp; 506327 |
| CareTrust REIT, Inc. | 11846 | &nbsp;&nbsp; 340691 |
| Centerspace | 4467 | &nbsp;&nbsp; 284771 |
| Curbline Properties Corp. | 5588 | &nbsp;&nbsp; 126792 |
| Cushman & Wakefield PLC<sup>(c)</sup> | 917715 | &nbsp;&nbsp; 9204682 |
| DiamondRock Hospitality Co. | 152919 | &nbsp;&nbsp; 1168301 |
| Douglas Emmett, Inc.<sup>(b)</sup> | 65948 | &nbsp;&nbsp; 938440 |
| Easterly Government Properties, Inc. | 12373 | &nbsp;&nbsp; 268865 |
| Elme Communities | 15300 | &nbsp;&nbsp; 245718 |
| Essential Properties Realty Trust, Inc. | 15861 | &nbsp;&nbsp; 515483 |
| eXp World Holdings, Inc.<sup>(b)</sup> | 525225 | &nbsp;&nbsp; 4474917 |
| Four Corners Property Trust, Inc.<sup>(b)</sup> | 10335 | &nbsp;&nbsp; 285349 |
| Getty Realty Corp.<sup>(b)</sup> | 7129 | &nbsp;&nbsp; 208595 |
| Global Net Lease, Inc.<sup>(b)</sup> | 110657 | &nbsp;&nbsp; 858698 |
| Highwoods Properties, Inc. | 31193 | &nbsp;&nbsp; 926432 |
| Innovative Industrial Properties, Inc. | 4784 | &nbsp;&nbsp; 264173 |
| &nbsp;&nbsp;&nbsp; JBG SMITH Properties, (Acquired <br> 03/17/2023 - 04/04/2025; <br> Cost $583,975)<sup>(b)(e)</sup><br>| 40543 | &nbsp;&nbsp; 693285 |
| Kennedy-Wilson Holdings, Inc. | 62567 | &nbsp;&nbsp; 398552 |
| LTC Properties, Inc.<sup>(b)</sup> | 6333 | &nbsp;&nbsp; 224125 |
| LXP Industrial Trust<sup>(b)</sup> | 42005 | &nbsp;&nbsp; 360403 |
| Macerich Co. (The) | 58926 | &nbsp;&nbsp; 953423 |
| Marcus & Millichap, Inc. | 21437 | &nbsp;&nbsp; 617600 |
| Medical Properties Trust, Inc.<sup>(b)</sup> | 179342 | &nbsp;&nbsp; 819593 |
| Millrose Properties, Inc.<sup>(b)(c)</sup> | 179009 | &nbsp;&nbsp; 4988981 |
| NexPoint Residential Trust, Inc. | 7019 | &nbsp;&nbsp; 238646 |
| Outfront Media, Inc. | 120922 | &nbsp;&nbsp; 1997632 |
| Pebblebrook Hotel Trust<sup>(b)</sup> | 140356 | &nbsp;&nbsp; 1288468 |
| Phillips Edison & Co., Inc. | 20455 | &nbsp;&nbsp; 725334 |
| Ryman Hospitality Properties, Inc.<sup>(b)</sup> | 26067 | &nbsp;&nbsp; 2531366 |
| Safehold, Inc.<sup>(b)</sup> | 20971 | &nbsp;&nbsp; 316033 |
| Saul Centers, Inc. | 8044 | &nbsp;&nbsp; 270922 |
| SITE Centers Corp. | 33447 | &nbsp;&nbsp; 398688 |
| SL Green Realty Corp. | 17129 | &nbsp;&nbsp; 972413 |
| St. Joe Co. (The) | 9603 | &nbsp;&nbsp; 429350 |
| Summit Hotel Properties, Inc.<sup>(b)</sup> | 136070 | &nbsp;&nbsp; 595987 |
| Sunstone Hotel Investors, Inc. | 98120 | &nbsp;&nbsp; 879155 |
| Tanger, Inc.<sup>(b)</sup> | 17264 | &nbsp;&nbsp; 514467 |

---

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

------

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

May 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Real Estate-(continued)** | **Real Estate-(continued)** | **Real Estate-(continued)** |
| Terreno Realty Corp. | 6067 | &nbsp;&nbsp; $342300 |
| Uniti Group, Inc.<sup>(b)</sup> | 244167 | &nbsp;&nbsp; 1049918 |
| Universal Health Realty Income Trust | 2502 | &nbsp;&nbsp; 99354 |
| Urban Edge Properties | 25447 | &nbsp;&nbsp; 462118 |
| Veris Residential, Inc. | 18055 | &nbsp;&nbsp; 274436 |
| Whitestone REIT | 11698 | &nbsp;&nbsp; 144119 |
| Xenia Hotels & Resorts, Inc.<sup>(b)</sup> | 87341 | &nbsp;&nbsp; 1068180 |
|  |  | &nbsp;&nbsp; 47269403 |
| **Utilities-1.06%** | **Utilities-1.06%** | **Utilities-1.06%** |
| American States Water Co. | 8371 | &nbsp;&nbsp; 660221 |
| Avista Corp. | 53709 | &nbsp;&nbsp; 2068334 |
| California Water Service Group | 23989 | &nbsp;&nbsp; 1133480 |
| Chesapeake Utilities Corp. | 6690 | &nbsp;&nbsp; 817451 |
| Clearway Energy, Inc., Class A | 29283 | &nbsp;&nbsp; 844814 |
| Clearway Energy, Inc., Class C | 27322 | &nbsp;&nbsp; 840698 |
| MDU Resources Group, Inc. | 253804 | &nbsp;&nbsp; 4362891 |
| MGE Energy, Inc. | 8096 | &nbsp;&nbsp; 731231 |
| Middlesex Water Co. | 3361 | &nbsp;&nbsp; 194770 |
| Northwest Natural Holding Co. | 30189 | &nbsp;&nbsp; 1236843 |
| Otter Tail Corp.<sup>(b)</sup> | 17766 | &nbsp;&nbsp; 1371180 |
| SJW Group | 15341 | &nbsp;&nbsp; 805096 |
| Unitil Corp. | 9682 | &nbsp;&nbsp; 530864 |
|  |  | &nbsp;&nbsp; 15597873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $1,454,646,574) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $1,454,646,574) | &nbsp;&nbsp; 1466370875 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Money Market Funds-0.04%** | **Money Market Funds-0.04%** | **Money Market Funds-0.04%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 4.24%<sup>(g)(h)</sup> <br>(Cost $568,983)<br>| 568983 | &nbsp;&nbsp; $568983 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.94% <br>(Cost $1,455,215,557) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.94% <br>(Cost $1,455,215,557) | &nbsp;&nbsp; 1466939858 |
| **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-20.89%** | **Money Market Funds-20.89%** | **Money Market Funds-20.89%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 4.29%<sup>(g)(h)(i)</sup><br>| 83824230 | &nbsp;&nbsp; 83824230 |
| Invesco Private Prime Fund, 4.45%<sup>(g)(h)(i)</sup> | 222708089 | &nbsp;&nbsp; 222752631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $306,587,871) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $306,587,871) | &nbsp;&nbsp; 306576861 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-120.83% <br>(Cost $1,761,803,428) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-120.83% <br>(Cost $1,761,803,428) | &nbsp;&nbsp; 1773516719 |
| OTHER ASSETS LESS LIABILITIES-(20.83)% | OTHER ASSETS LESS LIABILITIES-(20.83)% | &nbsp;&nbsp; (305712939)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $1467803780 |

---

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

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

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

---

| | |
|:---|:---|
| Notes to Schedule of Investments: | Notes to Schedule of Investments: |
| <sup>(a)</sup> | Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is <br> the exclusive property and a service mark of MSCI Inc. and Standard & Poor's.<br>|
| <sup>(b)</sup> | All or a portion of this security was out on loan at May 31, 2025. |
| <sup>(c)</sup> | Non-income producing security. |
| <sup>(d)</sup> | Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the "1933 Act"). The security may be <br> resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The value of this security at May 31, 2025 <br> represented less than 1% of the Fund's Net Assets.<br>|
| <sup>(e)</sup> | Restricted security. The aggregate value of these securities at May 31, 2025 was $2,391,201, which represented less than 1% of the Fund's Net Assets. |
| <sup>(f)</sup> | Security valued using significant unobservable inputs (Level 3). See Note 1. |
| <sup>(g)</sup> | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in <br> which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund's transactions in, and earnings from, its investments in <br> affiliates for the nine months ended May 31, 2025.<br>|

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**August 31, 2024**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Value** <br>**May 31, 2025**<br>| **Dividend Income** |
| **Investments in** <br> **Affiliated Money** <br> **Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government <br> & Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; $719245 | &nbsp;&nbsp;&nbsp; $25514059 | &nbsp;&nbsp;&nbsp; $(25664321)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $568983 | &nbsp;&nbsp;&nbsp; $23623 |

---

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

------

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

May 31, 2025

*(Unaudited)*

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value**<br> **August 31, 2024**<br>| **Purchases**<br> **at Cost**<br>| **Proceeds**<br> **from Sales**<br>| **Change in**<br> **Unrealized**<br> **Appreciation**<br> **(Depreciation)**<br>| **Realized**<br> **Gain**<br> **(Loss)**<br>| **Value**<br> **May 31, 2025**<br>| **Dividend Income** |
| **Investments** <br> **Purchased with Cash** <br> **Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; $103441240 | &nbsp;&nbsp;&nbsp; $400842095 | &nbsp;&nbsp;&nbsp; $(420459105)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $83824230 | &nbsp;&nbsp;&nbsp; $3,822,172<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime <br> Fund<br>| &nbsp;&nbsp;&nbsp; 274073776 | &nbsp;&nbsp;&nbsp; 887736517 | &nbsp;&nbsp;&nbsp; (939000713)<br>| &nbsp;&nbsp;&nbsp; (35666)<br>| &nbsp;&nbsp;&nbsp; (21283)<br>| &nbsp;&nbsp;&nbsp; 222752631 | &nbsp;&nbsp;&nbsp; 10,189,263<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $378234261 | &nbsp;&nbsp;&nbsp; $1314092671 | &nbsp;&nbsp;&nbsp; $(1385124139)<br>| &nbsp;&nbsp;&nbsp; $(35666)<br>| &nbsp;&nbsp;&nbsp; $(21283)<br>| &nbsp;&nbsp;&nbsp; $307145844 | &nbsp;&nbsp;&nbsp; $14035058 |

---

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

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

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

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

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

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

------

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

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

May 31, 2025

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-99.52%** | **Common Stocks & Other Equity Interests-99.52%** | **Common Stocks & Other Equity Interests-99.52%** |
| **Communication Services-7.51%** | **Communication Services-7.51%** | **Communication Services-7.51%** |
| AT&T, Inc. | 1364140 | &nbsp;&nbsp; $37923092 |
| Interpublic Group of Cos., Inc. (The) | 529783 | &nbsp;&nbsp; 12693601 |
| Nexstar Media Group, Inc., Class A<sup>(b)</sup> | 42677 | &nbsp;&nbsp; 7273014 |
|  |  | &nbsp;&nbsp; 57889707 |
| **Consumer Discretionary-10.56%** | **Consumer Discretionary-10.56%** | **Consumer Discretionary-10.56%** |
| Best Buy Co., Inc.<sup>(b)</sup> | 584940 | &nbsp;&nbsp; 38769823 |
| Macy's, Inc.<sup>(b)</sup> | 2527068 | &nbsp;&nbsp; 30046839 |
| Marriott Vacations Worldwide Corp.<sup>(b)</sup> | 111463 | &nbsp;&nbsp; 7340953 |
| Travel + Leisure Co. | 106710 | &nbsp;&nbsp; 5182905 |
|  |  | &nbsp;&nbsp; 81340520 |
| **Consumer Staples-9.42%** | **Consumer Staples-9.42%** | **Consumer Staples-9.42%** |
| Flowers Foods, Inc. | 324077 | &nbsp;&nbsp; 5476901 |
| Kraft Heinz Co. (The) | 1019041 | &nbsp;&nbsp; 27238966 |
| Philip Morris International, Inc. | 220633 | &nbsp;&nbsp; 39844114 |
|  |  | &nbsp;&nbsp; 72559981 |
| **Energy-12.85%** | **Energy-12.85%** | **Energy-12.85%** |
| APA Corp.<sup>(b)</sup> | 739903 | &nbsp;&nbsp; 12585750 |
| Chevron Corp. | 271374 | &nbsp;&nbsp; 37096826 |
| Civitas Resources, Inc. | 214824 | &nbsp;&nbsp; 5879733 |
| Kinder Morgan, Inc.<sup>(b)</sup> | 671758 | &nbsp;&nbsp; 18836094 |
| ONEOK, Inc. | 304123 | &nbsp;&nbsp; 24585303 |
|  |  | &nbsp;&nbsp; 98983706 |
| **Financials-25.18%** | **Financials-25.18%** | **Financials-25.18%** |
| Citizens Financial Group, Inc. | 405423 | &nbsp;&nbsp; 16358818 |
| Comerica, Inc. | 109590 | &nbsp;&nbsp; 6256493 |
| Huntington Bancshares, Inc. | 994118 | &nbsp;&nbsp; 15538064 |
| Invesco Ltd.<sup>(c)</sup> | 529402 | &nbsp;&nbsp; 7655153 |
| Janus Henderson Group PLC | 94875 | &nbsp;&nbsp; 3446809 |
| KeyCorp<sup>(b)</sup> | 751701 | &nbsp;&nbsp; 11921978 |
| Prudential Financial, Inc. | 365100 | &nbsp;&nbsp; 37930239 |
| Regions Financial Corp. | 555848 | &nbsp;&nbsp; 11917381 |
| T. Rowe Price Group, Inc. | 97352 | &nbsp;&nbsp; 9111174 |
| Truist Financial Corp. | 782298 | &nbsp;&nbsp; 30900771 |
| U.S. Bancorp | 939738 | &nbsp;&nbsp; 40963179 |
| United Bankshares, Inc.<sup>(b)</sup> | 55176 | &nbsp;&nbsp; 1994061 |
|  |  | &nbsp;&nbsp; 193994120 |
| **Health Care-12.77%** | **Health Care-12.77%** | **Health Care-12.77%** |
| Bristol-Myers Squibb Co. | 764269 | &nbsp;&nbsp; 36898907 |
| CVS Health Corp. | 566282 | &nbsp;&nbsp; 36264699 |
| Perrigo Co. PLC | 209253 | &nbsp;&nbsp; 5601703 |
| Viatris, Inc.<sup>(b)</sup> | 2230428 | &nbsp;&nbsp; 19605462 |
|  |  | &nbsp;&nbsp; 98370771 |
| **Industrials-3.38%** | **Industrials-3.38%** | **Industrials-3.38%** |
| CNH Industrial N.V.<sup>(b)</sup> | 2083813 | &nbsp;&nbsp; 26068501 |
| **Materials-2.60%** | **Materials-2.60%** | **Materials-2.60%** |
| Amcor PLC | 1690073 | &nbsp;&nbsp; 15396565 |
| Scotts Miracle-Gro Co. (The) | 78644 | &nbsp;&nbsp; 4684037 |
|  |  | &nbsp;&nbsp; 20080602 |
| **Real Estate-5.02%** | **Real Estate-5.02%** | **Real Estate-5.02%** |
| Agree Realty Corp. | 9469 | &nbsp;&nbsp; 713016 |
| Alexandria Real Estate Equities, Inc. | 47925 | &nbsp;&nbsp; 3363856 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Real Estate-(continued)** | **Real Estate-(continued)** | **Real Estate-(continued)** |
| Brixmor Property Group, Inc.<sup>(b)</sup> | 59158 | &nbsp;&nbsp; $1503205 |
| COPT Defense Properties<sup>(b)</sup> | 33545 | &nbsp;&nbsp; 920810 |
| Cousins Properties, Inc. | 37014 | &nbsp;&nbsp; 1038983 |
| CubeSmart | 31895 | &nbsp;&nbsp; 1363830 |
| Extra Space Storage, Inc. | 27286 | &nbsp;&nbsp; 4124279 |
| Federal Realty Investment Trust | 15034 | &nbsp;&nbsp; 1435446 |
| Host Hotels & Resorts, Inc.<sup>(b)</sup> | 489825 | &nbsp;&nbsp; 7587389 |
| Kimco Realty Corp. | 118780 | &nbsp;&nbsp; 2525263 |
| Lamar Advertising Co., Class A | 23587 | &nbsp;&nbsp; 2843177 |
| PotlatchDeltic Corp. | 32220 | &nbsp;&nbsp; 1267535 |
| Rayonier, Inc.<sup>(b)</sup> | 60332 | &nbsp;&nbsp; 1429868 |
| Simon Property Group, Inc. | 46315 | &nbsp;&nbsp; 7552587 |
| STAG Industrial, Inc. | 27778 | &nbsp;&nbsp; 988341 |
|  |  | &nbsp;&nbsp; 38657585 |
| **Utilities-10.23%** | **Utilities-10.23%** | **Utilities-10.23%** |
| AES Corp. (The) | 1441672 | &nbsp;&nbsp; 14546470 |
| ALLETE, Inc. | 27816 | &nbsp;&nbsp; 1809153 |
| Black Hills Corp. | 41546 | &nbsp;&nbsp; 2429195 |
| Edison International | 359075 | &nbsp;&nbsp; 19982524 |
| Evergy, Inc.<sup>(b)</sup> | 101211 | &nbsp;&nbsp; 6721423 |
| FirstEnergy Corp. | 376029 | &nbsp;&nbsp; 15770656 |
| NorthWestern Energy Group, Inc.<sup>(b)</sup> | 30671 | &nbsp;&nbsp; 1697026 |
| OGE Energy Corp. | 78458 | &nbsp;&nbsp; 3489027 |
| Pinnacle West Capital Corp.<sup>(b)</sup> | 64287 | &nbsp;&nbsp; 5864903 |
| Portland General Electric Co.<sup>(b)</sup> | 86538 | &nbsp;&nbsp; 3669211 |
| Spire, Inc. | 38262 | &nbsp;&nbsp; 2880363 |
|  |  | &nbsp;&nbsp; 78859951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $763,576,755) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $763,576,755) | &nbsp;&nbsp; 766805444 |
| **Money Market Funds-0.10%** | **Money Market Funds-0.10%** | **Money Market Funds-0.10%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 4.24%<sup>(c)(d)</sup> <br>(Cost $785,928)<br>| 785928 | &nbsp;&nbsp; 785928 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.62% <br>(Cost $764,362,683) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.62% <br>(Cost $764,362,683) | &nbsp;&nbsp; 767591372 |
| **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** |
| **Money Market Funds-6.55%** | **Money Market Funds-6.55%** | **Money Market Funds-6.55%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 4.29%<sup>(c)(d)(e)</sup><br>| 13970246 | &nbsp;&nbsp; 13970246 |
| Invesco Private Prime Fund, 4.45%<sup>(c)(d)(e)</sup> | 36503286 | &nbsp;&nbsp; 36510587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $50,480,833) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $50,480,833) | &nbsp;&nbsp; 50480833 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-106.17% <br>(Cost $814,843,516) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-106.17% <br>(Cost $814,843,516) | &nbsp;&nbsp; 818072205 |
| OTHER ASSETS LESS LIABILITIES-(6.17)% | OTHER ASSETS LESS LIABILITIES-(6.17)% | &nbsp;&nbsp; (47572240)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $770499965 |

---

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

------

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

May 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 May 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 nine months ended May 31, 2025.<br>|

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**August 31, 2024**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Value** <br>**May 31, 2025**<br>| **Dividend Income** |
| &nbsp;&nbsp; Invesco Ltd. | &nbsp;&nbsp;&nbsp; $8268484 | &nbsp;&nbsp;&nbsp; $6403889 | &nbsp;&nbsp;&nbsp; $(6288326)<br>| &nbsp;&nbsp;&nbsp; $(1177581)<br>| &nbsp;&nbsp;&nbsp; $448687 | &nbsp;&nbsp;&nbsp; $7655153 | &nbsp;&nbsp;&nbsp; $301182 |
| **Investments in** <br> **Affiliated Money** <br> **Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government <br> & Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 35677483 | &nbsp;&nbsp;&nbsp; (34891555)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 785928 | &nbsp;&nbsp;&nbsp; 23513 |
| **Investments** <br> **Purchased with Cash** <br> **Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; 7109402 | &nbsp;&nbsp;&nbsp; 348611836 | &nbsp;&nbsp;&nbsp; (341750992)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 13970246 | &nbsp;&nbsp;&nbsp; 751,107<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime <br> Fund<br>| &nbsp;&nbsp;&nbsp; 18926958 | &nbsp;&nbsp;&nbsp; 743759686 | &nbsp;&nbsp;&nbsp; (726161586)<br>| &nbsp;&nbsp;&nbsp; (318)<br>| &nbsp;&nbsp;&nbsp; (14153)<br>| &nbsp;&nbsp;&nbsp; 36510587 | &nbsp;&nbsp;&nbsp; 1,987,275<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $34304844 | &nbsp;&nbsp;&nbsp; $1134452894 | &nbsp;&nbsp;&nbsp; $(1109092459)<br>| &nbsp;&nbsp;&nbsp; $(1177899)<br>| &nbsp;&nbsp;&nbsp; $434534 | &nbsp;&nbsp;&nbsp; $58921914 | &nbsp;&nbsp;&nbsp; $3063077 |

---

&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 May 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**

May 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 May 31, 2025. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| &nbsp;&nbsp; Invesco S&P 500 Revenue ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $5491990552 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $5491990552 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 58058641 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 58058641 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $5491990552 | &nbsp;&nbsp;&nbsp; $58058641 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $5550049193 |
| &nbsp;&nbsp; Invesco S&P MidCap 400 Revenue ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $803112775 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $803112775 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 558472 | &nbsp;&nbsp;&nbsp; 127632245 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 128190717 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $803671247 | &nbsp;&nbsp;&nbsp; $127632245 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $931303492 |
| &nbsp;&nbsp; Invesco S&P SmallCap 600 Revenue ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $1466370875 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $1466370875 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 568983 | &nbsp;&nbsp;&nbsp; 306576861 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 307145844 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $1466939858 | &nbsp;&nbsp;&nbsp; $306576861 | &nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $1773516719 |
| &nbsp;&nbsp; Invesco S&P Ultra Dividend Revenue ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $766805444 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $766805444 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 785928 | &nbsp;&nbsp;&nbsp; 50480833 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 51266761 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $767591372 | &nbsp;&nbsp;&nbsp; $50480833 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $818072205 |

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Downers Grove

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60515

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

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

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

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

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

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**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:** $1774865341.56

**Total Liabilities:** $307061561.24

**Net Assets:** $1467803780.32

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000209113 | -8.22%               | -4.87%               | 6.85%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $286505.77               | $-145626309.13                             |
| Month 2  | $7282289.51              | $-92215492.31                              |
| Month 3  | $5056791.67              | $88933613.62                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Independent Bank Corp.                       | Independent Bank Corp.                                     | CUSIP: 453836108<br>LEI: 549300C5K3W8THR3GE10 | Long             | EC               | CORP              | US        |     17053 | NS      | $1048759.50   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Sanmina Corp.                                | Sanmina Corp.                                              | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |    112281 | NS      | $9509077.89   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| United Fire Group, Inc.                      | United Fire Group, Inc.                                    | CUSIP: 910340108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47943 | NS      | $1363978.35   | 0.09%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Carter's, Inc.                               | Carter's, Inc.                                             | CUSIP: 146229109<br>LEI: 5299003WAQK4R3L3ZU36 | Long             | EC               | CORP              | US        |     73550 | NS      | $2307263.50   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Middlesex Water Co.                          | Middlesex Water Co.                                        | CUSIP: 596680108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3361 | NS      | $194769.95    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BorgWarner Inc.                              | BorgWarner Inc.                                            | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |    536448 | NS      | $17751064.32  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Financial Inc.                       | Jackson Financial Inc., Class A                            | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |     43797 | NS      | $3587412.27   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Preferred Bank                               | Preferred Bank                                             | CUSIP: 740367404<br>LEI: 5493007K6HGI9G0ECX16 | Long             | EC               | CORP              | US        |      6881 | NS      | $575320.41    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| NBT Bancorp Inc.                             | NBT Bancorp Inc.                                           | CUSIP: 628778102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19737 | NS      | $825993.45    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Seacoast Banking Corp. of Florida            | Seacoast Banking Corp. of Florida                          | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |     33963 | NS      | $877264.29    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| SiTime Corp.                                 | SiTime Corp.                                               | CUSIP: 82982T106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1431 | NS      | $280576.17    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cavco Industries, Inc.                       | Cavco Industries, Inc.                                     | CUSIP: 149568107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4140 | NS      | $1795083.30   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Pediatrix Medical Group, Inc.                | Pediatrix Medical Group, Inc.                              | CUSIP: 58502B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    155386 | NS      | $2198711.90   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Bread Financial Holdings, Inc.               | Bread Financial Holdings, Inc.                             | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |    108767 | NS      | $5573221.08   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Balchem Corp.                                | Balchem Corp.                                              | CUSIP: 057665200<br>LEI: 549300VR70OPMHUI3557 | Long             | EC               | CORP              | US        |      6032 | NS      | $1005534.40   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Vicor Corp.                                  | Vicor Corp.                                                | CUSIP: 925815102<br>LEI: 5299005KMQOTR6B51F09 | Long             | EC               | CORP              | US        |      7218 | NS      | $314993.52    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| BancFirst Corp.                              | BancFirst Corp.                                            | CUSIP: 05945F103<br>LEI: 549300EJEHGBP4IO2J30 | Long             | EC               | CORP              | US        |      8878 | NS      | $1098252.99   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Inspire Medical Systems, Inc.                | Inspire Medical Systems, Inc.                              | CUSIP: 457730109<br>LEI: 549300XQQCQ7HCJKTW25 | Long             | EC               | CORP              | US        |      5325 | NS      | $735915.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovex International, Inc.                  | Innovex International, Inc.                                | CUSIP: 457651107<br>LEI: 5299007REICYIJNMW197 | Long             | EC               | CORP              | US        |     38667 | NS      | $533604.60    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Heidrick & Struggles International, Inc.     | Heidrick & Struggles International, Inc.                   | CUSIP: 422819102<br>LEI: 5493006284N2J367VB57 | Long             | EC               | CORP              | US        |     27486 | NS      | $1200038.76   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Collegium Pharmaceutical, Inc.               | Collegium Pharmaceutical, Inc.                             | CUSIP: 19459J104<br>LEI: 54930049FXZMTLW8D496 | Long             | EC               | CORP              | US        |     23083 | NS      | $672638.62    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| John B. Sanfilippo & Son, Inc.               | John B. Sanfilippo & Son, Inc.                             | CUSIP: 800422107<br>LEI: 5299007IBEYVXKYDUX28 | Long             | EC               | CORP              | US        |     16900 | NS      | $1050166.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexander & Baldwin, Inc.                    | Alexander & Baldwin, Inc.                                  | CUSIP: 014491104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14124 | NS      | $252960.84    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Astec Industries, Inc.                       | Astec Industries, Inc.                                     | CUSIP: 046224101<br>LEI: 5493002DO2QKHLKB2A48 | Long             | EC               | CORP              | US        |     39696 | NS      | $1559655.84   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| NV5 Global, Inc.                             | NV5 Global, Inc.                                           | CUSIP: 62945V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     58599 | NS      | $1295037.90   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Services Group, Inc.              | Healthcare Services Group, Inc.                            | CUSIP: 421906108<br>LEI: 529900GVZ1D2FBYMS719 | Long             | EC               | CORP              | US        |    170471 | NS      | $2403641.10   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Metallus Inc.                                | Metallus Inc.                                              | CUSIP: 887399103<br>LEI: 549300QZTZWHDE9HJL14 | Long             | EC               | CORP              | US        |     87362 | NS      | $1103382.06   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| OSI Systems, Inc.                            | OSI Systems, Inc.                                          | CUSIP: 671044105<br>LEI: DDX3MPX1Y8YD30050X33 | Long             | EC               | CORP              | US        |     10135 | NS      | $2220679.85   | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| Franklin Electric Co., Inc.                  | Franklin Electric Co., Inc.                                | CUSIP: 353514102<br>LEI: RR6AURIKMXUE4Q24G284 | Long             | EC               | CORP              | US        |     21843 | NS      | $1887016.77   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortrea Holdings Inc.                        | Fortrea Holdings Inc.                                      | CUSIP: 34965K107<br>LEI: 5493000FIVFABOVCDU97 | Long             | EC               | CORP              | US        |    292319 | NS      | $1256971.70   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Central Pacific Financial Corp.              | Central Pacific Financial Corp.                            | CUSIP: 154760409<br>LEI: 549300W3YEAOZ4KGG849 | Long             | EC               | CORP              | US        |     13696 | NS      | $365683.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Corcept Therapeutics Inc.                    | Corcept Therapeutics Inc.                                  | CUSIP: 218352102<br>LEI: 529900EO9LUTFMZ7FF90 | Long             | EC               | CORP              | US        |     13108 | NS      | $1016656.48   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| WaFd, Inc.                                   | WaFd, Inc.                                                 | CUSIP: 938824109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     57928 | NS      | $1646313.76   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ligand Pharmaceuticals Inc.                  | Ligand Pharmaceuticals Inc.                                | CUSIP: 53220K504<br>LEI: 5493008K7TB0IKP37H79 | Long             | EC               | CORP              | US        |      1777 | NS      | $181591.63    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Dynavax Technologies Corp.                   | Dynavax Technologies Corp.                                 | CUSIP: 268158201<br>LEI: 549300T5URIXWDILX594 | Long             | EC               | CORP              | US        |     21620 | NS      | $211659.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Grocery Outlet Holding Corp.                 | Grocery Outlet Holding Corp.                               | CUSIP: 39874R101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    390257 | NS      | $5299690.06   | 0.36%             |  |  |  | No            |                  1 | On Loan: —       |
| Sprinklr, Inc.                               | Sprinklr, Inc., Class A                                    | CUSIP: 85208T107<br>LEI: 254900AR04RJ2BQO5S78 | Long             | EC               | CORP              | US        |     90821 | NS      | $766529.24    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Sturm, Ruger & Co., Inc.                     | Sturm, Ruger & Co., Inc.                                   | CUSIP: 864159108<br>LEI: 529900DV1BWFJSHFO847 | Long             | EC               | CORP              | US        |     14646 | NS      | $530185.20    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Amphastar Pharmaceuticals, Inc.              | Amphastar Pharmaceuticals, Inc.                            | CUSIP: 03209R103<br>LEI: 54930055TH0ZLSAQMJ38 | Long             | EC               | CORP              | US        |     30114 | NS      | $774230.94    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Digi International Inc.                      | Digi International Inc.                                    | CUSIP: 253798102<br>LEI: 529900KG656HGROI4N27 | Long             | EC               | CORP              | US        |     15554 | NS      | $504105.14    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Photronics, Inc.                             | Photronics, Inc.                                           | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |     44405 | NS      | $742007.55    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TreeHouse Foods, Inc.                        | TreeHouse Foods, Inc.                                      | CUSIP: 89469A104<br>LEI: 5493007M7EVHE470Q576 | Long             | EC               | CORP              | US        |    126440 | NS      | $2839842.40   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Hawaii Corp.                         | Bank of Hawaii Corp.                                       | CUSIP: 062540109<br>LEI: 5493006Q8BQ8AD8M2U33 | Long             | EC               | CORP              | US        |     16578 | NS      | $1102602.78   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Walker & Dunlop, Inc.                        | Walker & Dunlop, Inc.                                      | CUSIP: 93148P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13861 | NS      | $949339.89    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Employers Holdings, Inc.                     | Employers Holdings, Inc.                                   | CUSIP: 292218104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19535 | NS      | $950768.45    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ Inc.                                     | AZZ Inc.                                                   | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |     19517 | NS      | $1769996.73   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Dave & Buster's Entertainment, Inc.          | Dave & Buster's Entertainment, Inc.                        | CUSIP: 238337109<br>LEI: 529900WTVU85QZLYHR86 | Long             | EC               | CORP              | US        |    122522 | NS      | $2690583.12   | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| Armada Hoffler Properties, Inc.              | Armada Hoffler Properties, Inc.                            | CUSIP: 04208T108<br>LEI: 549300WQRSIV6XZT9313 | Long             | EC               | CORP              | US        |     87554 | NS      | $609375.84    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| World Acceptance Corp.                       | World Acceptance Corp.                                     | CUSIP: 981419104<br>LEI: 529900M7JQUDCH7Q9153 | Long             | EC               | CORP              | US        |      5117 | NS      | $790474.16    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Moog Inc.                                    | Moog Inc., Class A                                         | CUSIP: 615394202<br>LEI: 549300WM2I4U7OBAHG07 | Long             | EC               | CORP              | US        |     22881 | NS      | $4240078.11   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Donnelley Financial Solutions, Inc.          | Donnelley Financial Solutions, Inc.                        | CUSIP: 25787G100<br>LEI: 549300O1NPY4J56QCU04 | Long             | EC               | CORP              | US        |     19369 | NS      | $1055223.12   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Energizer Holdings, Inc.                     | Energizer Holdings, Inc.                                   | CUSIP: 29272W109<br>LEI: 5493000D6NN0V57UME20 | Long             | EC               | CORP              | US        |    105690 | NS      | $2461520.10   | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| Progress Software Corp.                      | Progress Software Corp.                                    | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Long             | EC               | CORP              | US        |     14916 | NS      | $918228.96    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Dana Inc.                                    | Dana Inc.                                                  | CUSIP: 235825205<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | EC               | CORP              | US        |    789555 | NS      | $13130299.65  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanmi Financial Corp.                        | Hanmi Financial Corp.                                      | CUSIP: 410495204<br>LEI: 549300MSZ7RCG7EA6587 | Long             | EC               | CORP              | US        |     21362 | NS      | $489617.04    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultra Clean Holdings, Inc.                   | Ultra Clean Holdings, Inc.                                 | CUSIP: 90385V107<br>LEI: 5493007L6LS7QX18PE75 | Long             | EC               | CORP              | US        |     91683 | NS      | $1775899.71   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Kohl's Corp.                                 | Kohl's Corp.                                               | CUSIP: 500255104<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | EC               | CORP              | US        |   2050935 | NS      | $16674101.55  | 1.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Yelp Inc.                                    | Yelp Inc.                                                  | CUSIP: 985817105<br>LEI: 5299007OU2DOSXPQBO35 | Long             | EC               | CORP              | US        |     43610 | NS      | $1664593.70   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameris Bancorp                               | Ameris Bancorp                                             | CUSIP: 03076K108<br>LEI: PBJHNT51T5V6G5UQFV42 | Long             | EC               | CORP              | US        |     30205 | NS      | $1856701.35   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Simply Good Foods Co. (The)                  | Simply Good Foods Co. (The)                                | CUSIP: 82900L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41760 | NS      | $1441137.60   | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| WSFS Financial Corp.                         | WSFS Financial Corp.                                       | CUSIP: 929328102<br>LEI: 549300SU7VQHD6QRG886 | Long             | EC               | CORP              | US        |     30103 | NS      | $1592147.67   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Restaurants, Inc.                       | BJ's Restaurants, Inc.                                     | CUSIP: 09180C106<br>LEI: 5299000EOW66I1OJNQ23 | Long             | EC               | CORP              | US        |     43155 | NS      | $1925144.55   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Vir Biotechnology, Inc.                      | Vir Biotechnology, Inc.                                    | CUSIP: 92764N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10859 | NS      | $53643.46     | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| Corsair Gaming, Inc.                         | Corsair Gaming, Inc.                                       | CUSIP: 22041X102<br>LEI: 549300Y7YT18L8G0H525 | Long             | EC               | CORP              | US        |    130309 | NS      | $1145416.11   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Sylvamo Corp.                                | Sylvamo Corp.                                              | CUSIP: 871332102<br>LEI: 5493001AOYU1ZOWOC971 | Long             | EC               | CORP              | US        |     62933 | NS      | $3333561.01   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Pharmaceuticals Inc.                  | Acadia Pharmaceuticals Inc.                                | CUSIP: 004225108<br>LEI: 529900O3044NO0PEA039 | Long             | EC               | CORP              | US        |     61548 | NS      | $1327590.36   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Upbound Group, Inc.                          | Upbound Group, Inc.                                        | CUSIP: 76009N100<br>LEI: 529900QUHE15UQNCCJ63 | Long             | EC               | CORP              | US        |    195625 | NS      | $4487637.50   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Oil and Gas, Inc.                   | Northern Oil and Gas, Inc.                                 | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |     80684 | NS      | $2144580.72   | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| LiveRamp Holdings, Inc.                      | LiveRamp Holdings, Inc.                                    | CUSIP: 53815P108<br>LEI: 254900GXS75LG1X7RF88 | Long             | EC               | CORP              | US        |     29587 | NS      | $963944.46    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Matthews International Corp.                 | Matthews International Corp., Class A                      | CUSIP: 577128101<br>LEI: 549300ZVC5O0ATML6U61 | Long             | EC               | CORP              | US        |     82513 | NS      | $1769903.85   | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Heritage Financial Corp.                     | Heritage Financial Corp.                                   | CUSIP: 42722X106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14672 | NS      | $343031.36    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Medical Properties Trust, Inc.               | Medical Properties Trust, Inc.                             | CUSIP: 58463J304<br>LEI: 254900U6E39J1MQCCY14 | Long             | EC               | CORP              | US        |    179342 | NS      | $819592.94    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| American Eagle Outfitters, Inc.              | American Eagle Outfitters, Inc.                            | CUSIP: 02553E106<br>LEI: 5299001Z9HXK01DHW793 | Long             | EC               | CORP              | US        |    510096 | NS      | $5590652.16   | 0.38%             |  |  |  | No            |                  1 | On Loan: —       |
| Berkshire Hills Bancorp, Inc.                | Berkshire Hills Bancorp, Inc.                              | CUSIP: 084680107<br>LEI: 549300AS2OC6UMMBNO37 | Long             | EC               | CORP              | US        |     26650 | NS      | $659854.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Asbury Automotive Group, Inc.                | Asbury Automotive Group, Inc.                              | CUSIP: 043436104<br>LEI: 549300JH4DTA7U42GL91 | Long             | EC               | CORP              | US        |     76870 | NS      | $17519441.70  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Rogers Corp.                                 | Rogers Corp.                                               | CUSIP: 775133101<br>LEI: PW0CN80KNFR7RUOOKJ84 | Long             | EC               | CORP              | US        |     12128 | NS      | $807360.96    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solutions, Inc.    | Kratos Defense & Security Solutions, Inc.                  | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |     41173 | NS      | $1518871.97   | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| HCI Group, Inc.                              | HCI Group, Inc.                                            | CUSIP: 40416E103<br>LEI: 549300CZF7EZJH0MPH74 | Long             | EC               | CORP              | US        |      5666 | NS      | $956250.82    | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Neogen Corp.                                 | Neogen Corp.                                               | CUSIP: 640491106<br>LEI: 549300HJT9FC36N4UW43 | Long             | EC               | CORP              | US        |    103774 | NS      | $608115.64    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Dime Community Bancshares, Inc.              | Dime Community Bancshares, Inc., Class B                   | CUSIP: 25432X102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25179 | NS      | $646093.14    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Pitney Bowes Inc.                            | Pitney Bowes Inc.                                          | CUSIP: 724479100<br>LEI: 549300N2O26NW4ST6W55 | Long             | EC               | CORP              | US        |    302911 | NS      | $3119983.30   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| G-III Apparel Group, Ltd.                    | G-III Apparel Group, Ltd.                                  | CUSIP: 36237H101<br>LEI: 529900O5KABM3R3SFM87 | Long             | EC               | CORP              | US        |    131915 | NS      | $3832130.75   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| GMS Inc.                                     | GMS Inc.                                                   | CUSIP: 36251C103<br>LEI: 52990057RENOQO4U0D72 | Long             | EC               | CORP              | US        |     87032 | NS      | $6590933.36   | 0.45%             |  |  |  | No            |                  1 | On Loan: —       |
| Lumen Technologies, Inc.                     | Lumen Technologies, Inc.                                   | CUSIP: 550241103<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | EC               | CORP              | US        |   2846773 | NS      | $11159350.16  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Tootsie Roll Industries, Inc.                | Tootsie Roll Industries, Inc.                              | CUSIP: 890516107<br>LEI: 529900SBKOV9XX4M4Q35 | Long             | EC               | CORP              | US        |     24744 | NS      | $882123.60    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Brookline Bancorp, Inc.                      | Brookline Bancorp, Inc.                                    | CUSIP: 11373M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     64771 | NS      | $669084.43    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Energy Industries, Inc.             | Advanced Energy Industries, Inc.                           | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |     15158 | NS      | $1739835.24   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegiant Travel Co.                         | Allegiant Travel Co.                                       | CUSIP: 01748X102<br>LEI: 549300JM9OZXOHWL2K18 | Long             | EC               | CORP              | US        |     49261 | NS      | $2737926.38   | 0.19%             |  |  |  | No            |                  1 | On Loan: —       |
| Cohu, Inc.                                   | Cohu, Inc.                                                 | CUSIP: 192576106<br>LEI: 529900FJPORJ3JJ2XS33 | Long             | EC               | CORP              | US        |     26140 | NS      | $446209.80    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacific Premier Bancorp, Inc.                | Pacific Premier Bancorp, Inc.                              | CUSIP: 69478X105<br>LEI: 549300Q1KIC3KLI0XG98 | Long             | EC               | CORP              | US        |     44949 | NS      | $952918.80    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| EZCORP, Inc.                                 | EZCORP, Inc., Class A                                      | CUSIP: 302301106<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | EC               | CORP              | US        |     95022 | NS      | $1278045.90   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| DXC Technology Co.                           | DXC Technology Co.                                         | CUSIP: 23355L106<br>LEI: 549300DOVZ3EDJB7O259 | Long             | EC               | CORP              | US        |    834725 | NS      | $12687820.00  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Golden Entertainment, Inc.                   | Golden Entertainment, Inc.                                 | CUSIP: 381013101<br>LEI: 549300P8YYCKQVJ0Y638 | Long             | EC               | CORP              | US        |     27032 | NS      | $771222.96    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| A10 Networks, Inc.                           | A10 Networks, Inc.                                         | CUSIP: 002121101<br>LEI: 549300UQD4IWUML81Q35 | Long             | EC               | CORP              | US        |     14336 | NS      | $247439.36    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Patrick Industries Inc.                      | Patrick Industries Inc.                                    | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |     46906 | NS      | $4027349.16   | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| Lindsay Corp.                                | Lindsay Corp.                                              | CUSIP: 535555106<br>LEI: 549300ZFO0QG5H8TPI61 | Long             | EC               | CORP              | US        |      5308 | NS      | $739935.20    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| JetBlue Airways Corp.                        | JetBlue Airways Corp.                                      | CUSIP: 477143101<br>LEI: 54930070J9H97ZO93T57 | Long             | EC               | CORP              | US        |   1834654 | NS      | $9265002.70   | 0.63%             |  |  |  | No            |                  1 | On Loan: —       |
| Brinker International, Inc.                  | Brinker International, Inc.                                | CUSIP: 109641100<br>LEI: 52990067JY6PBGJNTG76 | Long             | EC               | CORP              | US        |     36326 | NS      | $6270957.38   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SiriusPoint Ltd.                             | SiriusPoint Ltd.                                           | CUSIP: G8192H106<br>LEI: 549300OGXFI85N3YZZ51 | Long             | EC               | CORP              | BM        |    199381 | NS      | $3905873.79   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Powell Industries, Inc.                      | Powell Industries, Inc.                                    | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Long             | EC               | CORP              | US        |      6790 | NS      | $1151516.10   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| CSG Systems International, Inc.              | CSG Systems International, Inc.                            | CUSIP: 126349109<br>LEI: 549300D7FJZUOHHXUA81 | Long             | EC               | CORP              | US        |     21177 | NS      | $1398952.62   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Intertechnology, Inc.                 | Vishay Intertechnology, Inc.                               | CUSIP: 928298108<br>LEI: 5493009O8F3QQJTCQR75 | Long             | EC               | CORP              | US        |    190003 | NS      | $2673342.21   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Innospec Inc.                                | Innospec Inc.                                              | CUSIP: 45768S105<br>LEI: 213800SQBACNY5IWJO68 | Long             | EC               | CORP              | US        |     20226 | NS      | $1720828.08   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| LGI Homes, Inc.                              | LGI Homes, Inc.                                            | CUSIP: 50187T106<br>LEI: 549300W02B4WNV8CV109 | Long             | EC               | CORP              | US        |     33023 | NS      | $1654452.30   | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| La-Z-Boy Inc.                                | La-Z-Boy Inc.                                              | CUSIP: 505336107<br>LEI: 549300WNO1WMN9ZG2519 | Long             | EC               | CORP              | US        |     56538 | NS      | $2368376.82   | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| TransMedics Group, Inc.                      | TransMedics Group, Inc.                                    | CUSIP: 89377M109<br>LEI: 549300060GVOSMWARH50 | Long             | EC               | CORP              | US        |      7079 | NS      | $899882.48    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| MaxLinear, Inc.                              | MaxLinear, Inc.                                            | CUSIP: 57776J100<br>LEI: 549300EMOI0SM2IY4F64 | Long             | EC               | CORP              | US        |     30302 | NS      | $345139.78    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NMI Holdings, Inc.                           | NMI Holdings, Inc., Class A                                | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | EC               | CORP              | US        |     20164 | NS      | $800914.08    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| SkyWest, Inc.                                | SkyWest, Inc.                                              | CUSIP: 830879102<br>LEI: 529900UYS2KGS6Z42P09 | Long             | EC               | CORP              | US        |     46854 | NS      | $4753338.30   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Tandem Diabetes Care, Inc.                   | Tandem Diabetes Care, Inc.                                 | CUSIP: 875372203<br>LEI: 549300JEPFOD0K4D3I05 | Long             | EC               | CORP              | US        |     53949 | NS      | $1069269.18   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Trustmark Corp.                              | Trustmark Corp.                                            | CUSIP: 898402102<br>LEI: 5493000HPQ4D2RZ79739 | Long             | EC               | CORP              | US        |     30732 | NS      | $1059024.72   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Amentum Holdings, Inc.                       | Amentum Holdings, Inc.                                     | CUSIP: 023939101<br>LEI: 2549009FJIBLW40CU216 | Long             | EC               | CORP              | US        |    573274 | NS      | $11843840.84  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| PRA Group, Inc.                              | PRA Group, Inc.                                            | CUSIP: 69354N106<br>LEI: 549300Q5HW3JSSB86K27 | Long             | EC               | CORP              | US        |     64307 | NS      | $912516.33    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearway Energy, Inc.                        | Clearway Energy, Inc., Class A                             | CUSIP: 18539C105<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |     29283 | NS      | $844814.55    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| WK Kellogg Co.                               | WK Kellogg Co.                                             | CUSIP: 92942W107<br>LEI: 529900SWC935GFWUJ804 | Long             | EC               | CORP              | US        |    146606 | NS      | $2480573.52   | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| MGE Energy, Inc.                             | MGE Energy, Inc.                                           | CUSIP: 55277P104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8096 | NS      | $731230.72    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ARMOUR Residential REIT, Inc.                | ARMOUR Residential REIT, Inc.                              | CUSIP: 042315705<br>LEI: 549300K0WA0EJUX74V72 | Long             | EC               | CORP              | US        |     13787 | NS      | $223487.27    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| U.S. Physical Therapy, Inc.                  | U.S. Physical Therapy, Inc.                                | CUSIP: 90337L108<br>LEI: 529900KL1UXQYFIOMY96 | Long             | EC               | CORP              | US        |      9190 | NS      | $689158.10    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NetScout Systems, Inc.                       | NetScout Systems, Inc.                                     | CUSIP: 64115T104<br>LEI: 5493005HZXZ3SPNVCV76 | Long             | EC               | CORP              | US        |     42168 | NS      | $963117.12    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MillerKnoll, Inc.                            | MillerKnoll, Inc.                                          | CUSIP: 600544100<br>LEI: U98HXD3PNK7HYU2MU887 | Long             | EC               | CORP              | US        |    197506 | NS      | $3331926.22   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| First Commonwealth Financial Corp.           | First Commonwealth Financial Corp.                         | CUSIP: 319829107<br>LEI: 549300ZHLQ42NXDETL24 | Long             | EC               | CORP              | US        |     48625 | NS      | $759522.50    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Curbline Properties Corp.                    | Curbline Properties Corp.                                  | CUSIP: 23128Q101<br>LEI: 529900PGR41LH0I81I15 | Long             | EC               | CORP              | US        |      5588 | NS      | $126791.72    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise Cascade Co.                            | Boise Cascade Co.                                          | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |     74526 | NS      | $6474818.88   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Artivion, Inc.                               | Artivion, Inc.                                             | CUSIP: 228903100<br>LEI: 549300YTKV8DMSMG6K81 | Long             | EC               | CORP              | US        |     17798 | NS      | $526464.84    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Enovis Corp.                                 | Enovis Corp.                                               | CUSIP: 194014502<br>LEI: 635400OP2DYYYMOIYL17 | Long             | EC               | CORP              | US        |     62147 | NS      | $1945201.10   | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| Edgewell Personal Care Co.                   | Edgewell Personal Care Co.                                 | CUSIP: 28035Q102<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | EC               | CORP              | US        |     78316 | NS      | $2163087.92   | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| Safehold Inc.                                | Safehold Inc.                                              | CUSIP: 78646V107<br>LEI: QFFLKWYYS3UPWD86E794 | Long             | EC               | CORP              | US        |     20971 | NS      | $316032.97    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Summit Hotel Properties, Inc.                | Summit Hotel Properties, Inc.                              | CUSIP: 866082100<br>LEI: 254900OBQWJK6X20LS71 | Long             | EC               | CORP              | US        |    136070 | NS      | $595986.60    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| USANA Health Sciences, Inc.                  | USANA Health Sciences, Inc.                                | CUSIP: 90328M107<br>LEI: 549300YTURXE814MAH96 | Long             | EC               | CORP              | US        |     28265 | NS      | $844275.55    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontdoor, Inc.                              | Frontdoor, Inc.                                            | CUSIP: 35905A109<br>LEI: 5493008RB0JZJI3QGZ06 | Long             | EC               | CORP              | US        |     51151 | NS      | $2813816.51   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Four Corners Property Trust, Inc.            | Four Corners Property Trust, Inc.                          | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               | CORP              | US        |     10335 | NS      | $285349.35    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| PC Connection, Inc.                          | PC Connection, Inc.                                        | CUSIP: 69318J100<br>LEI: 5299005WPRNIXDV2KM73 | Long             | EC               | CORP              | US        |     49311 | NS      | $3224939.40   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Qorvo, Inc.                                  | Qorvo, Inc.                                                | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |     60091 | NS      | $4568117.82   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| ServisFirst Bancshares, Inc.                 | ServisFirst Bancshares, Inc.                               | CUSIP: 81768T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12813 | NS      | $953671.59    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Artisan Partners Asset Management Inc.       | Artisan Partners Asset Management Inc., Class A            | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |     33107 | NS      | $1334212.10   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Shake Shack Inc.                             | Shake Shack Inc., Class A                                  | CUSIP: 819047101<br>LEI: 529900J74GJAHYP80N79 | Long             | EC               | CORP              | US        |     15578 | NS      | $2021868.62   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp.                           | MP Materials Corp.                                         | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               | CORP              | US        |      8878 | NS      | $193451.62    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| World Kinect Corp.                           | World Kinect Corp.                                         | CUSIP: 981475106<br>LEI: D3W7PCXCBRQLL17DZ313 | Long             | EC               | CORP              | US        |   1648186 | NS      | $45143814.54  | 3.08%             |  |  |  | No            |                  1 | On Loan: —       |
| California Resources Corp.                   | California Resources Corp.                                 | CUSIP: 13057Q305<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | EC               | CORP              | US        |     74590 | NS      | $3294640.30   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Willscot Holdings Corp.                      | Willscot Holdings Corp.                                    | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |     86149 | NS      | $2321715.55   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Monarch Casino & Resort, Inc.                | Monarch Casino & Resort, Inc.                              | CUSIP: 609027107<br>LEI: 549300AK5FF7KY11V997 | Long             | EC               | CORP              | US        |      6592 | NS      | $552014.08    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Kennedy-Wilson Holdings, Inc.                | Kennedy-Wilson Holdings, Inc.                              | CUSIP: 489398107<br>LEI: 549300MOI1T78144X610 | Long             | EC               | CORP              | US        |     62567 | NS      | $398551.79    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Xencor, Inc.                                 | Xencor, Inc.                                               | CUSIP: 98401F105<br>LEI: 549300V5IF65437JKG30 | Long             | EC               | CORP              | US        |      8880 | NS      | $71040.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| Gogo Inc.                                    | Gogo Inc.                                                  | CUSIP: 38046C109<br>LEI: 549300VL3DIHSFHYTO04 | Long             | EC               | CORP              | US        |     62526 | NS      | $663400.86    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Cable One, Inc.                              | Cable One, Inc.                                            | CUSIP: 12685J105<br>LEI: 549300648QS85T0XSH18 | Long             | EC               | CORP              | US        |      6431 | NS      | $941048.23    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Enviri Corp.                                 | Enviri Corp.                                               | CUSIP: 415864107<br>LEI: KAO98FK89NPNNPQGUZ43 | Long             | EC               | CORP              | US        |    396006 | NS      | $3227448.90   | 0.22%             |  |  |  | No            |                  1 | On Loan: —       |
| Banner Corp.                                 | Banner Corp.                                               | CUSIP: 06652V208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14280 | NS      | $880362.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| H.B. Fuller Co.                              | H.B. Fuller Co.                                            | CUSIP: 359694106<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | EC               | CORP              | US        |     71236 | NS      | $3976393.52   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Koppers Holdings Inc.                        | Koppers Holdings Inc.                                      | CUSIP: 50060P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     76177 | NS      | $2340157.44   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Medical Holdings Corp.                | Select Medical Holdings Corp.                              | CUSIP: 81619Q105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    431314 | NS      | $6594791.06   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal-Maine Foods, Inc.                        | Cal-Maine Foods, Inc.                                      | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |     39390 | NS      | $3778682.70   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Kennametal Inc.                              | Kennametal Inc.                                            | CUSIP: 489170100<br>LEI: 549300GZDSG25XUV0Y08 | Long             | EC               | CORP              | US        |    103304 | NS      | $2224135.12   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| John Wiley & Sons, Inc.                      | John Wiley & Sons, Inc., Class A                           | CUSIP: 968223206<br>LEI: 5493003XM719UN7E8P64 | Long             | EC               | CORP              | US        |     41465 | NS      | $1622110.80   | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Park National Corp.                          | Park National Corp.                                        | CUSIP: 700658107<br>LEI: 984500Q3E941TDF87712 | Long             | EC               | CORP              | US        |      4658 | NS      | $757204.48    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentherm Inc.                                | Gentherm Inc.                                              | CUSIP: 37253A103<br>LEI: HKM6YX1U5JS60TCUB219 | Long             | EC               | CORP              | US        |     50612 | NS      | $1384997.38   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurn Elkay Water Solutions Corp.             | Zurn Elkay Water Solutions Corp.                           | CUSIP: 98983L108<br>LEI: 549300AM3633XDFU1Q85 | Long             | EC               | CORP              | US        |     51450 | NS      | $1861975.50   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Merit Medical Systems, Inc.                  | Merit Medical Systems, Inc.                                | CUSIP: 589889104<br>LEI: 549300OYTY138SP2CE83 | Long             | EC               | CORP              | US        |     14859 | NS      | $1412050.77   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Outfitters, Inc.                       | Urban Outfitters, Inc.                                     | CUSIP: 917047102<br>LEI: 549300N3DUFR5U6NRN38 | Long             | EC               | CORP              | US        |    115045 | NS      | $8041645.50   | 0.55%             |  |  |  | No            |                  1 | On Loan: —       |
| Brandywine Realty Trust                      | Brandywine Realty Trust                                    | CUSIP: 105368203<br>LEI: 5UZ46ZCYUFYYAC0DS831 | Long             | EC               | CORP              | US        |    119699 | NS      | $506326.77    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| MarineMax, Inc.                              | MarineMax, Inc.                                            | CUSIP: 567908108<br>LEI: 254900TIXTN8WY3FNN63 | Long             | EC               | CORP              | US        |    108322 | NS      | $2296426.40   | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Arcus Biosciences, Inc.                      | Arcus Biosciences, Inc.                                    | CUSIP: 03969F109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28467 | NS      | $254210.31    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Cushman & Wakefield PLC                      | Cushman & Wakefield PLC                                    | CUSIP: G2717B108<br>LEI: 9676003VT8I14HPZLX83 | Long             | EC               | CORP              | GB        |    917715 | NS      | $9204681.45   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Elme Communities                             | Elme Communities                                           | CUSIP: 939653101<br>LEI: 549300DI34BGS8LVKW95 | Long             | EC               | CORP              | US        |     15300 | NS      | $245718.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Simulations Plus, Inc.                       | Simulations Plus, Inc.                                     | CUSIP: 829214105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2862 | NS      | $91140.39     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| AdvanSix Inc.                                | AdvanSix Inc.                                              | CUSIP: 00773T101<br>LEI: 5493009TPRODMCAZLF67 | Long             | EC               | CORP              | US        |     68875 | NS      | $1619251.25   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Schrodinger, Inc.                            | Schrodinger, Inc.                                          | CUSIP: 80810D103<br>LEI: 984500044BAE4791E559 | Long             | EC               | CORP              | US        |      9665 | NS      | $208957.30    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Essential Properties Realty Trust, Inc.      | Essential Properties Realty Trust, Inc.                    | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               | CORP              | US        |     15861 | NS      | $515482.50    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| American Woodmark Corp.                      | American Woodmark Corp.                                    | CUSIP: 030506109<br>LEI: 5299007PFSDWMA74RB56 | Long             | EC               | CORP              | US        |     32461 | NS      | $1829826.57   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Radian Group Inc.                            | Radian Group Inc.                                          | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Long             | EC               | CORP              | US        |     44801 | NS      | $1529954.15   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Caleres, Inc.                                | Caleres, Inc.                                              | CUSIP: 129500104<br>LEI: JFU6RQQJ8Z1CPOLBXQ18 | Long             | EC               | CORP              | US        |    193593 | NS      | $2603825.85   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Prestige Consumer Healthcare Inc.            | Prestige Consumer Healthcare Inc.                          | CUSIP: 74112D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14539 | NS      | $1245556.13   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Interparfums, Inc.                           | Interparfums, Inc.                                         | CUSIP: 458334109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12262 | NS      | $1670329.64   | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Newell Brands Inc.                           | Newell Brands Inc.                                         | CUSIP: 651229106<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | EC               | CORP              | US        |   1263379 | NS      | $6695908.70   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens & Minor, Inc.                          | Owens & Minor, Inc.                                        | CUSIP: 690732102<br>LEI: 549300LMT5KQQXCEZ733 | Long             | EC               | CORP              | US        |   1228284 | NS      | $8106674.40   | 0.55%             |  |  |  | No            |                  1 | On Loan: —       |
| Hillenbrand, Inc.                            | Hillenbrand, Inc.                                          | CUSIP: 431571108<br>LEI: U246OE781574J2BUD366 | Long             | EC               | CORP              | US        |    127982 | NS      | $2500768.28   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| BGC Group, Inc.                              | BGC Group, Inc., Class A                                   | CUSIP: 088929104<br>LEI: 2549001IGRCG4F0RLD36 | Long             | EC               | CORP              | US        |    285141 | NS      | $2646108.48   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Liquidity Services, Inc.                     | Liquidity Services, Inc.                                   | CUSIP: 53635B107<br>LEI: 5299002AZ4ULSAXN0G81 | Long             | EC               | CORP              | US        |     15091 | NS      | $352676.67    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Korn Ferry                                   | Korn Ferry                                                 | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |     44382 | NS      | $3018419.82   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Pebblebrook Hotel Trust                      | Pebblebrook Hotel Trust                                    | CUSIP: 70509V100<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EC               | CORP              | US        |    140356 | NS      | $1288468.08   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| UFP Technologies, Inc.                       | UFP Technologies, Inc.                                     | CUSIP: 902673102<br>LEI: 549300RJ8LY41HS70C91 | Long             | EC               | CORP              | US        |      2498 | NS      | $585031.60    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Gates Industrial Corp. PLC                   | Gates Industrial Corp. PLC                                 | CUSIP: G39108108<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | GB        |    195123 | NS      | $4126851.45   | 0.28%             |  |  |  | No            |                  1 | On Loan: —       |
| OmniAb, Inc.                                 | OmniAb, Inc., Rts., expiring 2027-11-02                    | CUSIP: 68218J301<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       785 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ANI Pharmaceuticals, Inc.                    | ANI Pharmaceuticals, Inc.                                  | CUSIP: 00182C103<br>LEI: 5493000T6CXTND40YH31 | Long             | EC               | CORP              | US        |     10429 | NS      | $612390.88    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| MGP Ingredients, Inc.                        | MGP Ingredients, Inc.                                      | CUSIP: 55303J106<br>LEI: 2549006OMHFVZ4MS8538 | Long             | EC               | CORP              | US        |     24797 | NS      | $729527.74    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Apple Hospitality REIT, Inc.                 | Apple Hospitality REIT, Inc.                               | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               | CORP              | US        |    112747 | NS      | $1306737.73   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Dream Finders Homes, Inc.                    | Dream Finders Homes, Inc., Class A                         | CUSIP: 26154D100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    200904 | NS      | $4190857.44   | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Simmons First National Corp.                 | Simmons First National Corp., Class A                      | CUSIP: 828730200<br>LEI: 549300IVR5AJKUVOGN05 | Long             | EC               | CORP              | US        |     78341 | NS      | $1469677.16   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Motor Products, Inc.                | Standard Motor Products, Inc.                              | CUSIP: 853666105<br>LEI: THGK1EO5B5HK0JHQVZ90 | Long             | EC               | CORP              | US        |     60138 | NS      | $1822181.40   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Dorman Products, Inc.                        | Dorman Products, Inc.                                      | CUSIP: 258278100<br>LEI: 2549000O0BBUX740XR59 | Long             | EC               | CORP              | US        |     16963 | NS      | $2193485.53   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Helix Energy Solutions Group, Inc.           | Helix Energy Solutions Group, Inc.                         | CUSIP: 42330P107<br>LEI: 416AP2JOUTCWEGSOZW41 | Long             | EC               | CORP              | US        |    183880 | NS      | $1138217.20   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Brick Partners, Inc.                   | Green Brick Partners, Inc.                                 | CUSIP: 392709101<br>LEI: 549300R7SCIV7FQI6T56 | Long             | EC               | CORP              | US        |     37878 | NS      | $2213969.10   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Teleflex Inc.                                | Teleflex Inc.                                              | CUSIP: 879369106<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | EC               | CORP              | US        |     24950 | NS      | $3050636.50   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Warrior Met Coal, Inc.                       | Warrior Met Coal, Inc.                                     | CUSIP: 93627C101<br>LEI: 549300152B1S9YKBYV79 | Long             | EC               | CORP              | US        |     34180 | NS      | $1553481.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Franklin BSP Realty Trust, Inc.              | Franklin BSP Realty Trust, Inc.                            | CUSIP: 35243J101<br>LEI: 549300LH3QNZK9Y1KC93 | Long             | EC               | CORP              | US        |     45048 | NS      | $496879.44    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| InterDigital, Inc.                           | InterDigital, Inc.                                         | CUSIP: 45867G101<br>LEI: 529900HQAUTC3VI47G64 | Long             | EC               | CORP              | US        |      4479 | NS      | $973107.54    | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| SL Green Realty Corp.                        | SL Green Realty Corp.                                      | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               | CORP              | US        |     17129 | NS      | $972413.33    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln National Corp.                       | Lincoln National Corp.                                     | CUSIP: 534187109<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EC               | CORP              | US        |    642247 | NS      | $21284065.58  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Ethan Allen Interiors Inc.                   | Ethan Allen Interiors Inc.                                 | CUSIP: 297602104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24829 | NS      | $648781.77    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Steven Madden, Ltd.                          | Steven Madden, Ltd.                                        | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |     94655 | NS      | $2333245.75   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Piper Sandler Cos.                           | Piper Sandler Cos.                                         | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |      6400 | NS      | $1609280.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Impinj, Inc.                                 | Impinj, Inc.                                               | CUSIP: 453204109<br>LEI: 549300M26VGKSMMWWN17 | Long             | EC               | CORP              | US        |      4370 | NS      | $498573.30    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Ellington Financial Inc.                     | Ellington Financial Inc.                                   | CUSIP: 28852N109<br>LEI: 60GS1D1R1YY5G1W7IT74 | Long             | EC               | CORP              | US        |     32248 | NS      | $405357.36    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Uniti Group Inc.                             | Uniti Group Inc.                                           | CUSIP: 91325V108<br>LEI: 549300V3NU625PJUVA84 | Long             | EC               | CORP              | US        |    244167 | NS      | $1049918.10   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| StoneX Group Inc.                            | StoneX Group Inc.                                          | CUSIP: 861896108<br>LEI: 549300JUF07L8VF02M60 | Long             | EC               | CORP              | US        |     28745 | NS      | $2433407.98   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Communities, Inc.                    | Century Communities, Inc.                                  | CUSIP: 156504300<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | EC               | CORP              | US        |     68390 | NS      | $3547389.30   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| QuinStreet, Inc.                             | QuinStreet, Inc.                                           | CUSIP: 74874Q100<br>LEI: 549300TP8MFBFPOS4Y78 | Long             | EC               | CORP              | US        |     57662 | NS      | $880498.74    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| IAC Inc.                                     | IAC Inc.                                                   | CUSIP: 44891N208<br>LEI: 549300TO56L57RP6P031 | Long             | EC               | CORP              | US        |     93301 | NS      | $3355103.96   | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| SpartanNash Co.                              | SpartanNash Co.                                            | CUSIP: 847215100<br>LEI: 549300TV3QCCSQLF5X16 | Long             | EC               | CORP              | US        |    519497 | NS      | $10109411.62  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| StepStone Group Inc.                         | StepStone Group Inc., Class A                              | CUSIP: 85914M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23782 | NS      | $1375788.70   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CareTrust REIT, Inc.                         | CareTrust REIT, Inc.                                       | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |     11846 | NS      | $340690.96    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmonic Inc.                                | Harmonic Inc.                                              | CUSIP: 413160102<br>LEI: 549300LRGRD8XC9BTL66 | Long             | EC               | CORP              | US        |     72106 | NS      | $650396.12    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Comstock Resources, Inc.                     | Comstock Resources, Inc.                                   | CUSIP: 205768302<br>LEI: I03QQGEA4SS774AURI46 | Long             | EC               | CORP              | US        |     71500 | NS      | $1665950.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Virtu Financial, Inc.                        | Virtu Financial, Inc., Class A                             | CUSIP: 928254101<br>LEI: 5493001OPW2K42CH3884 | Long             | EC               | CORP              | US        |     82753 | NS      | $3325843.07   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Mister Car Wash, Inc.                        | Mister Car Wash, Inc.                                      | CUSIP: 60646V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    137461 | NS      | $973223.88    | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Community Financial System, Inc.             | Community Financial System, Inc.                           | CUSIP: 203607106<br>LEI: 5299008N6YHE6GCP1E80 | Long             | EC               | CORP              | US        |     17702 | NS      | $995560.48    | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Privia Health Group, Inc.                    | Privia Health Group, Inc.                                  | CUSIP: 74276R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     77677 | NS      | $1767928.52   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CoreCivic, Inc.                              | CoreCivic, Inc.                                            | CUSIP: 21871N101<br>LEI: 529900JFA3K6PTLT8B15 | Long             | EC               | CORP              | US        |    104823 | NS      | $2301913.08   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Vital Energy, Inc.                           | Vital Energy, Inc.                                         | CUSIP: 516806205<br>LEI: 549300X0PTWU2QSLSL14 | Long             | EC               | CORP              | US        |     97344 | NS      | $1448478.72   | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| M/I Homes, Inc.                              | M/I Homes, Inc.                                            | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |     42312 | NS      | $4510882.32   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Shutterstock, Inc.                           | Shutterstock, Inc.                                         | CUSIP: 825690100<br>LEI: 529900G2TDIS56V0LO22 | Long             | EC               | CORP              | US        |     50979 | NS      | $940562.55    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Box, Inc.                                    | Box, Inc., Class A                                         | CUSIP: 10316T104<br>LEI: 549300KQUCPD8687YS68 | Long             | EC               | CORP              | US        |     37767 | NS      | $1428347.94   | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Buckle, Inc. (The)                           | Buckle, Inc. (The)                                         | CUSIP: 118440106<br>LEI: 5299007IU0461T3GDL34 | Long             | EC               | CORP              | US        |     36434 | NS      | $1552452.74   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| FormFactor, Inc.                             | FormFactor, Inc.                                           | CUSIP: 346375108<br>LEI: 549300YCEEO6SZD1ZR61 | Long             | EC               | CORP              | US        |     26634 | NS      | $795024.90    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Penguin Solutions, Inc.                      | Penguin Solutions, Inc.                                    | CUSIP: G8232Y101<br>LEI: 529900RDGHQY8XKXPN14 | Long             | EC               | CORP              | KY        |     79416 | NS      | $1410428.16   | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| QuidelOrtho Corp.                            | QuidelOrtho Corp.                                          | CUSIP: 219798105<br>LEI: 549300YU8CMO9HF53113 | Long             | EC               | CORP              | US        |     81043 | NS      | $2485588.81   | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| Mesa Laboratories, Inc.                      | Mesa Laboratories, Inc.                                    | CUSIP: 59064R109<br>LEI: 549300ZCG738WLX8ZW79 | Long             | EC               | CORP              | US        |      1915 | NS      | $192687.30    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Aluminum Co.                         | Century Aluminum Co.                                       | CUSIP: 156431108<br>LEI: 549300U5ODNGEYWKSW73 | Long             | EC               | CORP              | US        |    124687 | NS      | $1931401.63   | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| Highwoods Properties, Inc.                   | Highwoods Properties, Inc.                                 | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               | CORP              | US        |     31193 | NS      | $926432.10    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Peabody Energy Corp.                         | Peabody Energy Corp.                                       | CUSIP: 704551100<br>LEI: EJCO258LNNVSKAR2JX59 | Long             | EC               | CORP              | US        |    363676 | NS      | $4785976.16   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| N-able, Inc.                                 | N-able, Inc.                                               | CUSIP: 62878D100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     70054 | NS      | $545720.66    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Pathward Financial, Inc.                     | Pathward Financial, Inc.                                   | CUSIP: 59100U108<br>LEI: 5493004X52BH1NBLW813 | Long             | EC               | CORP              | US        |     11656 | NS      | $909750.80    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Lakeland Financial Corp.                     | Lakeland Financial Corp.                                   | CUSIP: 511656100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7579 | NS      | $453754.73    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Freshpet, Inc.                               | Freshpet, Inc.                                             | CUSIP: 358039105<br>LEI: 549300S4ZK8ZQ6HNPN59 | Long             | EC               | CORP              | US        |     12229 | NS      | $980276.64    | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Foot Locker, Inc.                            | Foot Locker, Inc.                                          | CUSIP: 344849104<br>LEI: 549300X383CBNP6MTV94 | Long             | EC               | CORP              | US        |    559017 | NS      | $13282243.92  | 0.90%             |  |  |  | No            |                  1 | On Loan: —       |
| Westamerica Bancorporation                   | Westamerica Bancorporation                                 | CUSIP: 957090103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6654 | NS      | $319724.70    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| DiamondRock Hospitality Co.                  | DiamondRock Hospitality Co.                                | CUSIP: 252784301<br>LEI: 529900KKD4BPVBUAQ734 | Long             | EC               | CORP              | US        |    152919 | NS      | $1168301.16   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Goosehead Insurance, Inc.                    | Goosehead Insurance, Inc., Class A                         | CUSIP: 38267D109<br>LEI: 549300WH5MBIWHJ9XY95 | Long             | EC               | CORP              | US        |      2800 | NS      | $303128.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| BankUnited, Inc.                             | BankUnited, Inc.                                           | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |     65367 | NS      | $2221170.66   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Cactus, Inc.                                 | Cactus, Inc., Class A                                      | CUSIP: 127203107<br>LEI: 549300J3T8C9F8QFKV08 | Long             | EC               | CORP              | US        |     26863 | NS      | $1101383.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackLine, Inc.                              | BlackLine, Inc.                                            | CUSIP: 09239B109<br>LEI: 529900P9N7PK9LV5EK56 | Long             | EC               | CORP              | US        |     14619 | NS      | $817640.67    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive, Inc.                     | Group 1 Automotive, Inc.                                   | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |     50428 | NS      | $21377437.76  | 1.46%             |  |  |  | No            |                  1 | On Loan: —       |
| JBG SMITH Properties                         | JBG SMITH Properties                                       | CUSIP: 46590V100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40543 | NS      | $693285.30    | 0.05%             |  |  |  | Yes           |                  1 | On Loan: —       |
| Stepan Co.                                   | Stepan Co.                                                 | CUSIP: 858586100<br>LEI: IZU1EW9GB3WC7CYCSR17 | Long             | EC               | CORP              | US        |     40843 | NS      | $2217366.47   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SM Energy Co.                                | SM Energy Co.                                              | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |     97239 | NS      | $2277337.38   | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Hayward Holdings, Inc.                       | Hayward Holdings, Inc.                                     | CUSIP: 421298100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80537 | NS      | $1123491.15   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Krystal Biotech, Inc.                        | Krystal Biotech, Inc.                                      | CUSIP: 501147102<br>LEI: 549300YONUY68210OE41 | Long             | EC               | CORP              | US        |      1760 | NS      | $221689.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Bancorp, Inc. (The)                          | Bancorp, Inc. (The)                                        | CUSIP: 05969A105<br>LEI: 894500FP2ICT1B019Y71 | Long             | EC               | CORP              | US        |     14855 | NS      | $759090.50    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU Resources Group, Inc.                    | MDU Resources Group, Inc.                                  | CUSIP: 552690109<br>LEI: 549300MA0UV6AI6SNV27 | Long             | EC               | CORP              | US        |    253804 | NS      | $4362890.76   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties, Inc.           | Ryman Hospitality Properties, Inc.                         | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |     26067 | NS      | $2531366.37   | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| SPX Technologies, Inc.                       | SPX Technologies, Inc.                                     | CUSIP: 78473E103<br>LEI: P761FCI0CPOG24I8JE10 | Long             | EC               | CORP              | US        |     15996 | NS      | $2432831.64   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Axcelis Technologies, Inc.                   | Axcelis Technologies, Inc.                                 | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Long             | EC               | CORP              | US        |     18494 | NS      | $1041951.96   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Mercury Systems, Inc.                        | Mercury Systems, Inc.                                      | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |     22724 | NS      | $1119157.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Northwest Natural Holding Co.                | Northwest Natural Holding Co.                              | CUSIP: 66765N105<br>LEI: 254900PSJL6ZEC8FR782 | Long             | EC               | CORP              | US        |     30189 | NS      | $1236843.33   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Viavi Solutions Inc.                         | Viavi Solutions Inc.                                       | CUSIP: 925550105<br>LEI: 5493006K3E3N1QOBF092 | Long             | EC               | CORP              | US        |    100804 | NS      | $918324.44    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Par Pacific Holdings, Inc.                   | Par Pacific Holdings, Inc.                                 | CUSIP: 69888T207<br>LEI: 549300BTNS7MHSHRLR55 | Long             | EC               | CORP              | US        |    670050 | NS      | $14466379.50  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Payoneer Global Inc.                         | Payoneer Global Inc.                                       | CUSIP: 70451X104<br>LEI: 984500491C64C70FF033 | Long             | EC               | CORP              | US        |    145473 | NS      | $990671.13    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PennyMac Mortgage Investment Trust           | PennyMac Mortgage Investment Trust                         | CUSIP: 70931T103<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EC               | CORP              | US        |    101590 | NS      | $1247525.20   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Horace Mann Educators Corp.                  | Horace Mann Educators Corp.                                | CUSIP: 440327104<br>LEI: 254900G5YAV3A2YK8T32 | Long             | EC               | CORP              | US        |     42422 | NS      | $1842387.46   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtus Investment Partners, Inc.             | Virtus Investment Partners, Inc.                           | CUSIP: 92828Q109<br>LEI: 549300HWF93HB8BDM648 | Long             | EC               | CORP              | US        |      5453 | NS      | $930827.10    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TrustCo Bank Corp.                           | TrustCo Bank Corp.                                         | CUSIP: 898349204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9205 | NS      | $285723.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HNI Corp.                                    | HNI Corp.                                                  | CUSIP: 404251100<br>LEI: 549300SKRADLC4O5HV93 | Long             | EC               | CORP              | US        |     61860 | NS      | $2878345.80   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunrun Inc.                                  | Sunrun Inc.                                                | CUSIP: 86771W105<br>LEI: 54930007SJ77CI66U531 | Long             | EC               | CORP              | US        |    333404 | NS      | $2497195.96   | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| Cathay General Bancorp                       | Cathay General Bancorp                                     | CUSIP: 149150104<br>LEI: 549300K1SLJ8C97H5L68 | Long             | EC               | CORP              | US        |     35261 | NS      | $1511110.16   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank Holdings Corp.                 | National Bank Holdings Corp., Class A                      | CUSIP: 633707104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16602 | NS      | $600162.30    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Boot Barn Holdings, Inc.                     | Boot Barn Holdings, Inc.                                   | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |     19535 | NS      | $3131655.85   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Shenandoah Telecommunications Co.            | Shenandoah Telecommunications Co.                          | CUSIP: 82312B106<br>LEI: 549300XH3H4OUKFPHS84 | Long             | EC               | CORP              | US        |     29151 | NS      | $366719.58    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Schneider National, Inc.                     | Schneider National, Inc., Class B                          | CUSIP: 80689H102<br>LEI: 529900V6GZ6G6E3BLV72 | Long             | EC               | CORP              | US        |    242650 | NS      | $5622200.50   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| HA Sustainable Infrastructure Capital, Inc.  | HA Sustainable Infrastructure Capital, Inc.                | CUSIP: 41068X100<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | EC               | CORP              | US        |     14490 | NS      | $362974.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Federal Signal Corp.                         | Federal Signal Corp.                                       | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |     25399 | NS      | $2389283.93   | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Easterly Government Properties, Inc.         | Easterly Government Properties, Inc.                       | CUSIP: 27616P301<br>LEI: 549300ERMCEFC6S8HL77 | Long             | EC               | CORP              | US        |     12373 | NS      | $268865.29    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| RadNet, Inc.                                 | RadNet, Inc.                                               | CUSIP: 750491102<br>LEI: 529900RECG94V2IZJ970 | Long             | EC               | CORP              | US        |     41545 | NS      | $2388422.05   | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| American Axle & Manufacturing Holdings, Inc. | American Axle & Manufacturing Holdings, Inc.               | CUSIP: 024061103<br>LEI: 254900SMQY98VFKNCC32 | Long             | EC               | CORP              | US        |   1494473 | NS      | $6560736.47   | 0.45%             |  |  |  | No            |                  1 | On Loan: —       |
| KKR Real Estate Finance Trust Inc.           | KKR Real Estate Finance Trust Inc.                         | CUSIP: 48251K100<br>LEI: 549300K23AYZDZ2REL62 | Long             | EC               | CORP              | US        |     58601 | NS      | $523306.93    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| United Natural Foods, Inc.                   | United Natural Foods, Inc.                                 | CUSIP: 911163103<br>LEI: 549300GKGW6WPZ282D40 | Long             | EC               | CORP              | US        |   1254256 | NS      | $38342605.92  | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Mortgage Trust, Inc.              | Blackstone Mortgage Trust, Inc., Class A                   | CUSIP: 09257W100<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | EC               | CORP              | US        |     92744 | NS      | $1751934.16   | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Phillips Edison & Co., Inc.                  | Phillips Edison & Co., Inc.                                | CUSIP: 71844V201<br>LEI: 549300JPN4YHYPXTJQ85 | Long             | EC               | CORP              | US        |     20455 | NS      | $725334.30    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Avanos Medical, Inc.                         | Avanos Medical, Inc.                                       | CUSIP: 05350V106<br>LEI: 549300YCXWOM7NEWMQ58 | Long             | EC               | CORP              | US        |     50775 | NS      | $638241.75    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Encore Capital Group, Inc.                   | Encore Capital Group, Inc.                                 | CUSIP: 292554102<br>LEI: 5493000UVC6H49CIH830 | Long             | EC               | CORP              | US        |     42955 | NS      | $1627994.50   | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Ready Capital Corp.                          | Ready Capital Corp.                                        | CUSIP: 75574U101<br>LEI: 549300MYWGZUG7ZUYO87 | Long             | EC               | CORP              | US        |    193341 | NS      | $864234.27    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Astrana Health, Inc.                         | Astrana Health, Inc.                                       | CUSIP: 03763A207<br>LEI: 5493008O4R82Q4STJ936 | Long             | EC               | CORP              | US        |     73665 | NS      | $1826155.35   | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Titan International, Inc.                    | Titan International, Inc.                                  | CUSIP: 88830M102<br>LEI: 254900CXRGBE7C4B5A06 | Long             | EC               | CORP              | US        |    242715 | NS      | $1757256.60   | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| National Vision Holdings, Inc.               | National Vision Holdings, Inc.                             | CUSIP: 63845R107<br>LEI: 549300JHURCBLI5ROA42 | Long             | EC               | CORP              | US        |    169930 | NS      | $3366313.30   | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| American States Water Co.                    | American States Water Co.                                  | CUSIP: 029899101<br>LEI: 529900L26LIS2V8PWM23 | Long             | EC               | CORP              | US        |      8371 | NS      | $660220.77    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CVB Financial Corp.                          | CVB Financial Corp.                                        | CUSIP: 126600105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39648 | NS      | $743400.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Adient PLC                                   | Adient PLC                                                 | CUSIP: G0084W101<br>LEI: 5493002QLDY8O75RTR78 | Long             | EC               | CORP              | IE        |   1130780 | NS      | $17628860.20  | 1.20%             |  |  |  | No            |                  1 | On Loan: —       |
| Proto Labs, Inc.                             | Proto Labs, Inc.                                           | CUSIP: 743713109<br>LEI: 529900QHG5MGWT2WQQ09 | Long             | EC               | CORP              | US        |     14526 | NS      | $537171.48    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Lease Corp.                              | Air Lease Corp., Class A                                   | CUSIP: 00912X302<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EC               | CORP              | US        |     64555 | NS      | $3719013.55   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Worthington Enterprises, Inc.                | Worthington Enterprises, Inc.                              | CUSIP: 981811102<br>LEI: 1WRCIANKYOIK6KYE5E82 | Long             | EC               | CORP              | US        |     31016 | NS      | $1827152.56   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| O-I Glass, Inc.                              | O-I Glass, Inc.                                            | CUSIP: 67098H104<br>LEI: 213800PXY6M8SANLLB49 | Long             | EC               | CORP              | US        |    613330 | NS      | $8040756.30   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonic Automotive, Inc.                       | Sonic Automotive, Inc., Class A                            | CUSIP: 83545G102<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | EC               | CORP              | US        |    240858 | NS      | $16843199.94  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Getty Realty Corp.                           | Getty Realty Corp.                                         | CUSIP: 374297109<br>LEI: 2549000P1W5SFJWCNP90 | Long             | EC               | CORP              | US        |      7129 | NS      | $208594.54    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Archrock, Inc.                               | Archrock, Inc.                                             | CUSIP: 03957W106<br>LEI: 549300K3RIHMHDVFTL28 | Long             | EC               | CORP              | US        |     51053 | NS      | $1271219.70   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Southside Bancshares, Inc.                   | Southside Bancshares, Inc.                                 | CUSIP: 84470P109<br>LEI: 549300TC83207VQA2K65 | Long             | EC               | CORP              | US        |     16911 | NS      | $476721.09    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Enerpac Tool Group Corp.                     | Enerpac Tool Group Corp.                                   | CUSIP: 292765104<br>LEI: IZW37BPZKUJE1QXGB081 | Long             | EC               | CORP              | US        |     14502 | NS      | $621845.76    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Insteel Industries Inc.                      | Insteel Industries Inc.                                    | CUSIP: 45774W108<br>LEI: 52990026LKY4MOX3L174 | Long             | EC               | CORP              | US        |     21821 | NS      | $764171.42    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ESCO Technologies Inc.                       | ESCO Technologies Inc.                                     | CUSIP: 296315104<br>LEI: 5493007JJLP5MEWVDH10 | Long             | EC               | CORP              | US        |      7250 | NS      | $1313990.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnolia Oil & Gas Corp.                     | Magnolia Oil & Gas Corp., Class A                          | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     61383 | NS      | $1319734.50   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Strategic Education, Inc.                    | Strategic Education, Inc.                                  | CUSIP: 86272C103<br>LEI: 2549002UYIM8Q5EC8H36 | Long             | EC               | CORP              | US        |     16283 | NS      | $1485498.09   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| BioLife Solutions, Inc.                      | BioLife Solutions, Inc.                                    | CUSIP: 09062W204<br>LEI: 549300G2IVCMC2TJDW72 | Long             | EC               | CORP              | US        |      4721 | NS      | $103295.48    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Oxford Industries, Inc.                      | Oxford Industries, Inc.                                    | CUSIP: 691497309<br>LEI: IDZ20O0XD3GS4UOI2L88 | Long             | EC               | CORP              | US        |     28867 | NS      | $1549580.56   | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| WD-40 Co.                                    | WD-40 Co.                                                  | CUSIP: 929236107<br>LEI: 549300UZHTN0CNKBOB19 | Long             | EC               | CORP              | US        |      2599 | NS      | $633194.37    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Werner Enterprises, Inc.                     | Werner Enterprises, Inc.                                   | CUSIP: 950755108<br>LEI: 549300P6XRGOCHHJST37 | Long             | EC               | CORP              | US        |    109130 | NS      | $2831923.50   | 0.19%             |  |  |  | No            |                  1 | On Loan: —       |
| OUTFRONT Media Inc.                          | OUTFRONT Media Inc.                                        | CUSIP: 69007J304<br>LEI: 549300RZWDYU5722I639 | Long             | EC               | CORP              | US        |    120922 | NS      | $1997631.44   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloomin' Brands, Inc.                        | Bloomin' Brands, Inc.                                      | CUSIP: 094235108<br>LEI: E1UJ2GO305B5FXGV7N04 | Long             | EC               | CORP              | US        |    516905 | NS      | $3943985.15   | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| CleanSpark, Inc.                             | CleanSpark, Inc.                                           | CUSIP: 18452B209<br>LEI: 254900VO7KBRJQDGY810 | Long             | EC               | CORP              | US        |     62153 | NS      | $536380.39    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Veeco Instruments Inc.                       | Veeco Instruments Inc.                                     | CUSIP: 922417100<br>LEI: 5493004201F72ADDZW04 | Long             | EC               | CORP              | US        |     36113 | NS      | $697342.03    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Sensient Technologies Corp.                  | Sensient Technologies Corp.                                | CUSIP: 81725T100<br>LEI: CMMZHMFZQG86EI7WZU92 | Long             | EC               | CORP              | US        |     23082 | NS      | $2181941.46   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Etsy, Inc.                                   | Etsy, Inc.                                                 | CUSIP: 29786A106<br>LEI: 54930089Q7XT501AEA40 | Long             | EC               | CORP              | US        |     67222 | NS      | $3720737.70   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corp.                         | Terreno Realty Corp.                                       | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6067 | NS      | $342300.14    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Commercial Real Estate Finance, Inc.  | Apollo Commercial Real Estate Finance, Inc.                | CUSIP: 03762U105<br>LEI: 549300E0AN7M2AQHSY29 | Long             | EC               | CORP              | US        |     76375 | NS      | $750766.25    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Dorian LPG Ltd.                              | Dorian LPG Ltd.                                            | CUSIP: Y2106R110<br>LEI: 549300WP1W2WGMC7F395 | Long             | EC               | CORP              | MH        |     21584 | NS      | $462113.44    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Utilities Corp.                   | Chesapeake Utilities Corp.                                 | CUSIP: 165303108<br>LEI: 254900WW0FDCKAOCKE74 | Long             | EC               | CORP              | US        |      6690 | NS      | $817451.10    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Tompkins Financial Corp.                     | Tompkins Financial Corp.                                   | CUSIP: 890110109<br>LEI: 254900QDQ6V0QJ0Z2348 | Long             | EC               | CORP              | US        |      7403 | NS      | $454544.20    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| National Presto Industries, Inc.             | National Presto Industries, Inc.                           | CUSIP: 637215104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4316 | NS      | $369665.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Trupanion, Inc.                              | Trupanion, Inc.                                            | CUSIP: 898202106<br>LEI: 549300J86GFKIDGMQP18 | Long             | EC               | CORP              | US        |     40689 | NS      | $1920113.91   | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| Robert Half Inc.                             | Robert Half Inc.                                           | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Long             | EC               | CORP              | US        |    119539 | NS      | $5473690.81   | 0.37%             |  |  |  | No            |                  1 | On Loan: —       |
| Core Laboratories Inc.                       | Core Laboratories Inc.                                     | CUSIP: 21867A105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37291 | NS      | $400878.25    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Wolfspeed, Inc.                              | Wolfspeed, Inc.                                            | CUSIP: 977852102<br>LEI: 549300OGU88P3AW3TO93 | Long             | EC               | CORP              | US        |    159409 | NS      | $189696.71    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Tri Pointe Homes, Inc.                       | Tri Pointe Homes, Inc.                                     | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    155336 | NS      | $4579305.28   | 0.31%             |  |  |  | No            |                  1 | On Loan: —       |
| Marten Transport, Ltd.                       | Marten Transport, Ltd.                                     | CUSIP: 573075108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     74531 | NS      | $971884.24    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Navient Corp.                                | Navient Corp.                                              | CUSIP: 63938C108<br>LEI: 54930067J0ZNOEBRW338 | Long             | EC               | CORP              | US        |    355175 | NS      | $4773552.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Hertz Global Holdings, Inc.                  | Hertz Global Holdings, Inc.                                | CUSIP: 42806J700<br>LEI: 549300NBK3K85MH1EX16 | Long             | EC               | CORP              | US        |   2586405 | NS      | $16940952.75  | 1.15%             |  |  |  | No            |                  1 | On Loan: —       |
| Central Garden & Pet Co.                     | Central Garden & Pet Co.                                   | CUSIP: 153527106<br>LEI: 5493004DVZLD37DJ0H83 | Long             | EC               | CORP              | US        |     47946 | NS      | $1728932.76   | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Albany International Corp.                   | Albany International Corp., Class A                        | CUSIP: 012348108<br>LEI: L73WCPNCZIRSQGZTW097 | Long             | EC               | CORP              | US        |     18214 | NS      | $1203398.98   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| OmniAb, Inc.                                 | OmniAb, Inc., Rts., 2027-11-02                             | CUSIP: 68218J202<br>LEI: 5493008K7TB0IKP37H79 | Long             | EC               | CORP              | US        |       785 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: —       |
| Douglas Emmett, Inc.                         | Douglas Emmett, Inc.                                       | CUSIP: 25960P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     65948 | NS      | $938440.04    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| FMC Corp.                                    | FMC Corp.                                                  | CUSIP: 302491303<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | EC               | CORP              | US        |    114759 | NS      | $4654625.04   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterBrand, Inc.                            | MasterBrand, Inc.                                          | CUSIP: 57638P104<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | EC               | CORP              | US        |    215771 | NS      | $2200864.20   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Academy Sports and Outdoors, Inc.            | Academy Sports and Outdoors, Inc.                          | CUSIP: 00402L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    147680 | NS      | $6041588.80   | 0.41%             |  |  |  | No            |                  1 | On Loan: —       |
| Madison Square Garden Sports Corp.           | Madison Square Garden Sports Corp., Class A                | CUSIP: 55825T103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6002 | NS      | $1139719.78   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Sally Beauty Holdings, Inc.                  | Sally Beauty Holdings, Inc.                                | CUSIP: 79546E104<br>LEI: 529900VXW6E8ONDIQ271 | Long             | EC               | CORP              | US        |    441267 | NS      | $3843435.57   | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| OPENLANE, Inc.                               | OPENLANE, Inc.                                             | CUSIP: 48238T109<br>LEI: 5493004HKD20LBSG7D03 | Long             | EC               | CORP              | US        |     90562 | NS      | $2076586.66   | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| PROG Holdings, Inc.                          | PROG Holdings, Inc.                                        | CUSIP: 74319R101<br>LEI: 549300DHYTLBOVRXIG52 | Long             | EC               | CORP              | US        |     97802 | NS      | $2819631.66   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| United Community Banks, Inc.                 | United Community Banks, Inc.                               | CUSIP: 90984P303<br>LEI: 549300GVW0FV66X3U703 | Long             | EC               | CORP              | US        |     56147 | NS      | $1613664.78   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Bancorp, Inc.                          | Eagle Bancorp, Inc.                                        | CUSIP: 268948106<br>LEI: 549300B47NZODRMG3D47 | Long             | EC               | CORP              | US        |     36877 | NS      | $649035.20    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| First BanCorp.                               | First BanCorp.                                             | CUSIP: 318672706<br>LEI: 5493000C44WC17AV1S09 | Long             | EC               | CORP              | PR        |     75202 | NS      | $1502535.96   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Mr. Cooper Group Inc.                        | Mr. Cooper Group Inc.                                      | CUSIP: 62482R107<br>LEI: 549300KD8C6DPXYC2M26 | Long             | EC               | CORP              | US        |     24275 | NS      | $3144340.75   | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| RXO, Inc.                                    | RXO, Inc.                                                  | CUSIP: 74982T103<br>LEI: 549300KL8CA6GP8XPM30 | Long             | EC               | CORP              | US        |    270988 | NS      | $4208443.64   | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Matson, Inc.                                 | Matson, Inc.                                               | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |     27836 | NS      | $3141292.60   | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| AMN Healthcare Services, Inc.                | AMN Healthcare Services, Inc.                              | CUSIP: 001744101<br>LEI: 529900W3ARRTCNFH2I39 | Long             | EC               | CORP              | US        |    127573 | NS      | $2693066.03   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CarGurus, Inc.                               | CarGurus, Inc.                                             | CUSIP: 141788109<br>LEI: 54930027BKQN6B7X7G78 | Long             | EC               | CORP              | US        |     30754 | NS      | $963830.36    | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Guess?, Inc.                                 | Guess?, Inc.                                               | CUSIP: 401617105<br>LEI: 549300QVH3ZK2DW0KP86 | Long             | EC               | CORP              | US        |    316242 | NS      | $3314216.16   | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| Core Natural Resources, Inc.                 | Core Natural Resources, Inc.                               | CUSIP: 218937100<br>LEI: 549300YJCTPJBTK7IJ81 | Long             | EC               | CORP              | US        |     33580 | NS      | $2327094.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Hub Group, Inc.                              | Hub Group, Inc., Class A                                   | CUSIP: 443320106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    114548 | NS      | $3861413.08   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanex Building Products Corp.               | Quanex Building Products Corp.                             | CUSIP: 747619104<br>LEI: 5493000TL30VL5WOAW87 | Long             | EC               | CORP              | US        |     83009 | NS      | $1388740.57   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Hilltop Holdings Inc.                        | Hilltop Holdings Inc.                                      | CUSIP: 432748101<br>LEI: 54930010TA543US0PM65 | Long             | EC               | CORP              | US        |     53198 | NS      | $1586364.36   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| XPEL, Inc.                                   | XPEL, Inc.                                                 | CUSIP: 98379L100<br>LEI: 549300KWSE3IGXLJNW66 | Long             | EC               | CORP              | US        |     14852 | NS      | $534226.44    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Genworth Financial, Inc.                     | Genworth Financial, Inc., Class A                          | CUSIP: 37247D106<br>LEI: 549300EMCG286BDNKJ33 | Long             | EC               | CORP              | US        |   1212166 | NS      | $8545770.30   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Tennant Co.                                  | Tennant Co.                                                | CUSIP: 880345103<br>LEI: JYAIRLT8DVP6DP8UT336 | Long             | EC               | CORP              | US        |     16674 | NS      | $1240879.08   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Private Prime Fund                   | Invesco Private Prime Fund                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        | 222752631 | NS      | $222752630.62 | 15.18%            |  |  |  | No            |                  2 | On Loan: No      |
| WisdomTree, Inc.                             | WisdomTree, Inc.                                           | CUSIP: 97717P104<br>LEI: 549300WIU8IS7UFO7871 | Long             | EC               | CORP              | US        |     53531 | NS      | $505332.64    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Pacira Biosciences, Inc.                     | Pacira Biosciences, Inc.                                   | CUSIP: 695127100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34091 | NS      | $880911.44    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Clearway Energy, Inc.                        | Clearway Energy, Inc., Class C                             | CUSIP: 18539C204<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |     27322 | NS      | $840697.94    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Thryv Holdings, Inc.                         | Thryv Holdings, Inc.                                       | CUSIP: 886029206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     56010 | NS      | $744933.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| EnPro Inc.                                   | EnPro Inc.                                                 | CUSIP: 29355X107<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | EC               | CORP              | US        |      6572 | NS      | $1216740.08   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SolarEdge Technologies, Inc.                 | SolarEdge Technologies, Inc.                               | CUSIP: 83417M104<br>LEI: 5493000K6Y58XXPDF853 | Long             | EC               | CORP              | US        |     62993 | NS      | $1125054.98   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| National HealthCare Corp.                    | National HealthCare Corp.                                  | CUSIP: 635906100<br>LEI: 254900PTS11LS1JS2752 | Long             | EC               | CORP              | US        |     14802 | NS      | $1541480.28   | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Ichor Holdings, Ltd.                         | Ichor Holdings, Ltd.                                       | CUSIP: G4740B105<br>LEI: 529900PS8R2JVLJ2H892 | Long             | EC               | CORP              | KY        |     36365 | NS      | $573839.70    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Heartland Express, Inc.                      | Heartland Express, Inc.                                    | CUSIP: 422347104<br>LEI: 5299005V45FZIQGLOG39 | Long             | EC               | CORP              | US        |    120085 | NS      | $1074760.75   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Celanese Corp.                               | Celanese Corp.                                             | CUSIP: 150870103<br>LEI: 549300FHJQTDPPN41627 | Long             | EC               | CORP              | US        |    210563 | NS      | $11124043.29  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Triumph Group, Inc.                          | Triumph Group, Inc.                                        | CUSIP: 896818101<br>LEI: 5493007L6S47Q14SL582 | Long             | EC               | CORP              | US        |     52846 | NS      | $1362898.34   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcosa, Inc.                                 | Arcosa, Inc.                                               | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Long             | EC               | CORP              | US        |     35584 | NS      | $3069831.68   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| First Bancorp                                | First Bancorp                                              | CUSIP: 318910106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14826 | NS      | $613351.62    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| American Assets Trust, Inc.                  | American Assets Trust, Inc.                                | CUSIP: 024013104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24260 | NS      | $483744.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradata Corp.                               | Teradata Corp.                                             | CUSIP: 88076W103<br>LEI: 549300JU9SOUHV4U4R71 | Long             | EC               | CORP              | US        |     84367 | NS      | $1852699.32   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury General Corp.                        | Mercury General Corp.                                      | CUSIP: 589400100<br>LEI: 5493001Q9EXPCEL4W527 | Long             | EC               | CORP              | US        |    109350 | NS      | $7050888.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Two Harbors Investment Corp.                 | Two Harbors Investment Corp.                               | CUSIP: 90187B804<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EC               | CORP              | US        |     68032 | NS      | $720458.88    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| AeroVironment, Inc.                          | AeroVironment, Inc.                                        | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |      6522 | NS      | $1161111.66   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Advance Auto Parts, Inc.                     | Advance Auto Parts, Inc.                                   | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |    294361 | NS      | $14108722.73  | 0.96%             |  |  |  | No            |                  1 | On Loan: —       |
| Semtech Corp.                                | Semtech Corp.                                              | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               | CORP              | US        |     26923 | NS      | $1005035.59   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Ingevity Corp.                               | Ingevity Corp.                                             | CUSIP: 45688C107<br>LEI: 5493009UTFC4B5IMGF87 | Long             | EC               | CORP              | US        |     33715 | NS      | $1394789.55   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Perdoceo Education Corp.                     | Perdoceo Education Corp.                                   | CUSIP: 71363P106<br>LEI: 529900X5PCA184O9LY90 | Long             | EC               | CORP              | US        |     30190 | NS      | $1027667.60   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawkins, Inc.                                | Hawkins, Inc.                                              | CUSIP: 420261109<br>LEI: 549300VL3IJ23OWX1Y34 | Long             | EC               | CORP              | US        |      9683 | NS      | $1292583.67   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamo Group Inc.                             | Alamo Group Inc.                                           | CUSIP: 011311107<br>LEI: 54930080C93RVZRSDV26 | Long             | EC               | CORP              | US        |      9474 | NS      | $1876230.96   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Atleos Corp.                             | NCR Atleos Corp.                                           | CUSIP: 63001N106<br>LEI: 9845005FC3S0VA714741 | Long             | EC               | CORP              | US        |    189645 | NS      | $5027488.95   | 0.34%             |  |  |  | No            |                  1 | On Loan: —       |
| REX American Resources Corp.                 | REX American Resources Corp.                               | CUSIP: 761624105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19892 | NS      | $838248.88    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Saul Centers, Inc.                           | Saul Centers, Inc.                                         | CUSIP: 804395101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8044 | NS      | $270921.92    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Assured Guaranty Ltd.                        | Assured Guaranty Ltd.                                      | CUSIP: G0585R106<br>LEI: 549300BBOQUJEPH87M14 | Long             | EC               | CORP              | BM        |     10488 | NS      | $886760.40    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Cars.com Inc.                                | Cars.com Inc.                                              | CUSIP: 14575E105<br>LEI: 5493002G6J07LNGX4M98 | Long             | EC               | CORP              | US        |     66559 | NS      | $682229.75    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TechTarget, Inc.                             | TechTarget, Inc.                                           | CUSIP: 87874R308<br>LEI: 529900YQA5JL2H2VMB84 | Long             | EC               | CORP              | US        |     18016 | NS      | $145749.44    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| St. Joe Co. (The)                            | St. Joe Co. (The)                                          | CUSIP: 790148100<br>LEI: 529900XVHOT3BF8PWG49 | Long             | EC               | CORP              | US        |      9603 | NS      | $429350.13    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Customers Bancorp, Inc.                      | Customers Bancorp, Inc.                                    | CUSIP: 23204G100<br>LEI: 549300WLBCHYKZ53FN68 | Long             | EC               | CORP              | US        |     30060 | NS      | $1531857.60   | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| ABM Industries Inc.                          | ABM Industries Inc.                                        | CUSIP: 000957100<br>LEI: QF02R89VEIOROM77J447 | Long             | EC               | CORP              | US        |    199485 | NS      | $10502885.25  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Certara, Inc.                                | Certara, Inc.                                              | CUSIP: 15687V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37287 | NS      | $423580.32    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Stewart Information Services Corp.           | Stewart Information Services Corp.                         | CUSIP: 860372101<br>LEI: 529900TV1XI0PLKENU10 | Long             | EC               | CORP              | US        |     37603 | NS      | $2268965.02   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERTEC, Inc.                                | EVERTEC, Inc.                                              | CUSIP: 30040P103<br>LEI: N/A                  | Long             | EC               | CORP              | PR        |     25641 | NS      | $928973.43    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CONMED Corp.                                 | CONMED Corp.                                               | CUSIP: 207410101<br>LEI: Z6C0YCECH9DCU5ZIQW84 | Long             | EC               | CORP              | US        |     23577 | NS      | $1337994.75   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Armstrong World Industries, Inc.             | Armstrong World Industries, Inc.                           | CUSIP: 04247X102<br>LEI: KXMRXXOJ88Q45Y45MG74 | Long             | EC               | CORP              | US        |     11127 | NS      | $1731695.01   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Kontoor Brands, Inc.                         | Kontoor Brands, Inc.                                       | CUSIP: 50050N103<br>LEI: 549300M0CPXV65RFF271 | Long             | EC               | CORP              | US        |     45944 | NS      | $3151758.40   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| PJT Partners Inc.                            | PJT Partners Inc., Class A                                 | CUSIP: 69343T107<br>LEI: 549300W3WBEQUBKYTN87 | Long             | EC               | CORP              | US        |     11398 | NS      | $1717222.68   | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| AdaptHealth Corp.                            | AdaptHealth Corp.                                          | CUSIP: 00653Q102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    368011 | NS      | $3304738.78   | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| ADMA Biologics, Inc.                         | ADMA Biologics, Inc.                                       | CUSIP: 000899104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24794 | NS      | $491912.96    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| GEO Group, Inc. (The)                        | GEO Group, Inc. (The)                                      | CUSIP: 36162J106<br>LEI: 54930024XOXET7NQVZ63 | Long             | EC               | CORP              | US        |    100709 | NS      | $2733242.26   | 0.19%             |  |  |  | No            |                  1 | On Loan: —       |
| Otter Tail Corp.                             | Otter Tail Corp.                                           | CUSIP: 689648103<br>LEI: 549300HHVBQRQUVKKD91 | Long             | EC               | CORP              | US        |     17766 | NS      | $1371179.88   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Element Solutions Inc.                       | Element Solutions Inc.                                     | CUSIP: 28618M106<br>LEI: 549300FLGN6P5CU20J91 | Long             | EC               | CORP              | US        |    105016 | NS      | $2245242.08   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ziff Davis, Inc.                             | Ziff Davis, Inc.                                           | CUSIP: 48123V102<br>LEI: 5493008OJYGLHD7MXA18 | Long             | EC               | CORP              | US        |     37488 | NS      | $1216110.72   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Myriad Genetics, Inc.                        | Myriad Genetics, Inc.                                      | CUSIP: 62855J104<br>LEI: 52990044IHUOUMETT163 | Long             | EC               | CORP              | US        |     86691 | NS      | $363235.29    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Installed Building Products, Inc.            | Installed Building Products, Inc.                          | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |     18537 | NS      | $2956280.76   | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| Concentra Group Holdings Parent, Inc.        | Concentra Group Holdings Parent, Inc.                      | CUSIP: 20603L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     99036 | NS      | $2142148.68   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| H2O America                                  | H2O America                                                | CUSIP: 784305104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15341 | NS      | $805095.68    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Enova International, Inc.                    | Enova International, Inc.                                  | CUSIP: 29357K103<br>LEI: 549300O8XOCQSB49UO63 | Long             | EC               | CORP              | US        |     31795 | NS      | $2946442.65   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CSW Industrials, Inc.                        | CSW Industrials, Inc.                                      | CUSIP: 126402106<br>LEI: 549300SYOEO3RVQ7FB83 | Long             | EC               | CORP              | US        |      3133 | NS      | $958040.07    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicell, Inc.                               | Omnicell, Inc.                                             | CUSIP: 68213N109<br>LEI: 5493008RH0GTKHHPZI77 | Long             | EC               | CORP              | US        |     35926 | NS      | $1091072.62   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cinemark Holdings, Inc.                      | Cinemark Holdings, Inc.                                    | CUSIP: 17243V102<br>LEI: 549300LL2QMPTYIE0K55 | Long             | EC               | CORP              | US        |    140841 | NS      | $4756200.57   | 0.32%             |  |  |  | No            |                  1 | On Loan: —       |
| Rush Enterprises, Inc.                       | Rush Enterprises, Inc., Class A                            | CUSIP: 781846209<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               | CORP              | US        |    157966 | NS      | $7843011.90   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheesecake Factory Inc. (The)                | Cheesecake Factory Inc. (The)                              | CUSIP: 163072101<br>LEI: 529900872XMLK10SY247 | Long             | EC               | CORP              | US        |     82846 | NS      | $4570613.82   | 0.31%             |  |  |  | No            |                  1 | On Loan: —       |
| ACI Worldwide, Inc.                          | ACI Worldwide, Inc.                                        | CUSIP: 004498101<br>LEI: 5493003BPVMZUJ6F5C02 | Long             | EC               | CORP              | US        |     33331 | NS      | $1541892.06   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| eXp World Holdings, Inc.                     | eXp World Holdings, Inc.                                   | CUSIP: 30212W100<br>LEI: 549300TWVVZC283VEC32 | Long             | EC               | CORP              | US        |    525225 | NS      | $4474917.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: —       |
| Northwest Bancshares, Inc.                   | Northwest Bancshares, Inc.                                 | CUSIP: 667340103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     68733 | NS      | $844041.24    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Leggett & Platt, Inc.                        | Leggett & Platt, Inc.                                      | CUSIP: 524660107<br>LEI: DKOVQUCDW4ZLYCUD4T55 | Long             | EC               | CORP              | US        |    590334 | NS      | $5348426.04   | 0.36%             |  |  |  | No            |                  1 | On Loan: —       |
| DoubleVerify Holdings, Inc.                  | DoubleVerify Holdings, Inc.                                | CUSIP: 25862V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48238 | NS      | $662790.12    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Realty Trust                          | Acadia Realty Trust                                        | CUSIP: 004239109<br>LEI: 254900C5XLB1YYJQSH07 | Long             | EC               | CORP              | US        |     17835 | NS      | $343502.10    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Itron, Inc.                                  | Itron, Inc.                                                | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |     25501 | NS      | $2947915.60   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Embecta Corp.                                | Embecta Corp.                                              | CUSIP: 29082K105<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | EC               | CORP              | US        |     88153 | NS      | $928251.09    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Catalyst Pharmaceuticals, Inc.               | Catalyst Pharmaceuticals, Inc.                             | CUSIP: 14888U101<br>LEI: 5299004O0R5XXLA5H544 | Long             | EC               | CORP              | US        |     24963 | NS      | $623076.48    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Dycom Industries, Inc.                       | Dycom Industries, Inc.                                     | CUSIP: 267475101<br>LEI: 549300F56EKTHQI3WT60 | Long             | EC               | CORP              | US        |     34468 | NS      | $7924882.56   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| DNOW Inc.                                    | DNOW Inc.                                                  | CUSIP: 67011P100<br>LEI: 549300AVH5SOCFVVDW91 | Long             | EC               | CORP              | US        |    171166 | NS      | $2468213.72   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlantic Union Bankshares Corp.              | Atlantic Union Bankshares Corp., Class B                   | CUSIP: 04911A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45117 | NS      | $1354412.34   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Acushnet Holdings Corp.                      | Acushnet Holdings Corp.                                    | CUSIP: 005098108<br>LEI: 529900W5FI106H543E43 | Long             | EC               | CORP              | US        |     39839 | NS      | $2718613.36   | 0.19%             |  |  |  | No            |                  1 | On Loan: —       |
| Stride, Inc.                                 | Stride, Inc.                                               | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Long             | EC               | CORP              | US        |     20180 | NS      | $3055050.20   | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Sandisk Corp.                                | Sandisk Corp.                                              | CUSIP: 80004C200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    153929 | NS      | $5801584.01   | 0.40%             |  |  |  | No            |                  1 | On Loan: —       |
| Phibro Animal Health Corp.                   | Phibro Animal Health Corp., Class A                        | CUSIP: 71742Q106<br>LEI: 549300U24SP4AF2JUX52 | Long             | EC               | CORP              | US        |     54006 | NS      | $1318826.52   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Vericel Corp.                                | Vericel Corp.                                              | CUSIP: 92346J108<br>LEI: 54930076YM3PLTDR4B91 | Long             | EC               | CORP              | US        |      5388 | NS      | $222497.46    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| ArcBest Corp.                                | ArcBest Corp.                                              | CUSIP: 03937C105<br>LEI: 5493006S3KBNE8ZS3J23 | Long             | EC               | CORP              | US        |     61816 | NS      | $3875245.04   | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| LTC Properties, Inc.                         | LTC Properties, Inc.                                       | CUSIP: 502175102<br>LEI: 549300NRZP8IJG2KY677 | Long             | EC               | CORP              | US        |      6333 | NS      | $224124.87    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Global Net Lease, Inc.                       | Global Net Lease, Inc.                                     | CUSIP: 379378201<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EC               | CORP              | US        |    110657 | NS      | $858698.32    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Mara Holdings, Inc.                          | Mara Holdings, Inc.                                        | CUSIP: 565788106<br>LEI: 549300M8ISKPTX2W7F94 | Long             | EC               | CORP              | US        |     53921 | NS      | $761364.52    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Azenta, Inc.                                 | Azenta, Inc.                                               | CUSIP: 114340102<br>LEI: 35ZN6X1ANPH25YN32Y17 | Long             | EC               | CORP              | US        |     18344 | NS      | $490151.68    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Innoviva, Inc.                               | Innoviva, Inc.                                             | CUSIP: 45781M101<br>LEI: 549300ACOX4QTBES6535 | Long             | EC               | CORP              | US        |     23086 | NS      | $451793.02    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| ScanSource, Inc.                             | ScanSource, Inc.                                           | CUSIP: 806037107<br>LEI: 7FHBAN017QDY4K2KP156 | Long             | EC               | CORP              | US        |     91080 | NS      | $3677810.40   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Tidewater Inc.                               | Tidewater Inc.                                             | CUSIP: 88642R109<br>LEI: 2549000JA5GRUPLMUH98 | Long             | EC               | CORP              | US        |     35999 | NS      | $1429520.29   | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Vestis Corp.                                 | Vestis Corp.                                               | CUSIP: 29430C102<br>LEI: 254900QDW0TA2TMFAP59 | Long             | EC               | CORP              | US        |    272543 | NS      | $1678864.88   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Monro, Inc.                                  | Monro, Inc.                                                | CUSIP: 610236101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80258 | NS      | $1230355.14   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Telephone and Data Systems, Inc.             | Telephone and Data Systems, Inc.                           | CUSIP: 879433829<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    156379 | NS      | $5373182.44   | 0.37%             |  |  |  | No            |                  1 | On Loan: —       |
| Benchmark Electronics, Inc.                  | Benchmark Electronics, Inc.                                | CUSIP: 08160H101<br>LEI: 549300W18RHYZOZKOP53 | Long             | EC               | CORP              | US        |     73940 | NS      | $2700288.80   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| SunCoke Energy, Inc.                         | SunCoke Energy, Inc.                                       | CUSIP: 86722A103<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | EC               | CORP              | US        |    229056 | NS      | $1864515.84   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CorVel Corp.                                 | CorVel Corp.                                               | CUSIP: 221006109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8878 | NS      | $987855.06    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Deluxe Corp.                                 | Deluxe Corp.                                               | CUSIP: 248019101<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | EC               | CORP              | US        |    145970 | NS      | $2082991.90   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ePlus inc.                                   | ePlus inc.                                                 | CUSIP: 294268107<br>LEI: 529900FFY8AAFJ21NE91 | Long             | EC               | CORP              | US        |     35634 | NS      | $2543198.58   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Integer Holdings Corp.                       | Integer Holdings Corp.                                     | CUSIP: 45826H109<br>LEI: 549300SUD2ED5XG6X569 | Long             | EC               | CORP              | US        |     15725 | NS      | $1867501.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| Cracker Barrel Old Country Store, Inc.       | Cracker Barrel Old Country Store, Inc.                     | CUSIP: 22410J106<br>LEI: 8P4PHQIUWPIECBFBW745 | Long             | EC               | CORP              | US        |     86223 | NS      | $4952649.12   | 0.34%             |  |  |  | No            |                  1 | On Loan: —       |
| Helen of Troy Ltd.                           | Helen of Troy Ltd.                                         | CUSIP: G4388N106<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     40190 | NS      | $1080709.10   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Capitol Federal Financial, Inc.              | Capitol Federal Financial, Inc.                            | CUSIP: 14057J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     77210 | NS      | $440869.10    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Progyny, Inc.                                | Progyny, Inc.                                              | CUSIP: 74340E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     62526 | NS      | $1344309.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Harmony Biosciences Holdings, Inc.           | Harmony Biosciences Holdings, Inc.                         | CUSIP: 413197104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23037 | NS      | $794776.50    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Macerich Co. (The)                           | Macerich Co. (The)                                         | CUSIP: 554382101<br>LEI: 529900PSWCB5KI0JYU46 | Long             | EC               | CORP              | US        |     58926 | NS      | $953422.68    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Banc of California, Inc.                     | Banc of California, Inc.                                   | CUSIP: 05990K106<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EC               | CORP              | US        |    148190 | NS      | $2033166.80   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| STAAR Surgical Co.                           | STAAR Surgical Co.                                         | CUSIP: 852312305<br>LEI: 5299006LRHI7OJ8BY308 | Long             | EC               | CORP              | US        |     18750 | NS      | $333937.50    | 0.02%             |  |  |  | Yes           |                  1 | On Loan: —       |
| AAR Corp.                                    | AAR Corp.                                                  | CUSIP: 000361105<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | EC               | CORP              | US        |     41646 | NS      | $2557480.86   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Clear Secure, Inc.                           | Clear Secure, Inc., Class A                                | CUSIP: 18467V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33243 | NS      | $822764.25    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Standex International Corp.                  | Standex International Corp.                                | CUSIP: 854231107<br>LEI: RCX52GR0JW2LRRMH9Z54 | Long             | EC               | CORP              | US        |      4322 | NS      | $652362.68    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Integra LifeSciences Holdings Corp.          | Integra LifeSciences Holdings Corp.                        | CUSIP: 457985208<br>LEI: WB7IJCYY8YFTENS4O147 | Long             | EC               | CORP              | US        |     77826 | NS      | $985277.16    | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| First Financial Bancorp.                     | First Financial Bancorp.                                   | CUSIP: 320209109<br>LEI: 549300D3F5B3EZMY7P77 | Long             | EC               | CORP              | US        |     53776 | NS      | $1299228.16   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Stellar Bancorp, Inc.                        | Stellar Bancorp, Inc.                                      | CUSIP: 858927106<br>LEI: 54930070P8Z0WHFBB536 | Long             | EC               | CORP              | US        |     24667 | NS      | $664035.64    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Acadian Asset Management Inc.                | Acadian Asset Management Inc.                              | CUSIP: 10948W103<br>LEI: 5493004FTLQNQTBOP608 | Long             | EC               | CORP              | US        |     23132 | NS      | $696504.52    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Water Products, Inc.                 | Mueller Water Products, Inc., Class A                      | CUSIP: 624758108<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | EC               | CORP              | US        |     54903 | NS      | $1346770.59   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Garden & Pet Co.                     | Central Garden & Pet Co., Class A                          | CUSIP: 153527205<br>LEI: 5493004DVZLD37DJ0H83 | Long             | EC               | CORP              | US        |     54305 | NS      | $1736130.85   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| LeMaitre Vascular, Inc.                      | LeMaitre Vascular, Inc.                                    | CUSIP: 525558201<br>LEI: 549300FZUBUB7MHY8R17 | Long             | EC               | CORP              | US        |      2821 | NS      | $231886.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Brady Corp.                                  | Brady Corp., Class A                                       | CUSIP: 104674106<br>LEI: 549300G2LEQOFQC8GY34 | Long             | EC               | CORP              | US        |     21958 | NS      | $1532009.66   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Topgolf Callaway Brands Corp.                | Topgolf Callaway Brands Corp.                              | CUSIP: 131193104<br>LEI: 5493005UB0KFRKBPCU72 | Long             | EC               | CORP              | US        |    758307 | NS      | $4807666.38   | 0.33%             |  |  |  | No            |                  1 | On Loan: —       |
| Liberty Energy Inc.                          | Liberty Energy Inc., Class A                               | CUSIP: 53115L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    321822 | NS      | $3729916.98   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ProAssurance Corp.                           | ProAssurance Corp.                                         | CUSIP: 74267C106<br>LEI: 54930015E5J57R675E89 | Long             | EC               | CORP              | US        |     81513 | NS      | $1890286.47   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrowhead Pharmaceuticals, Inc.              | Arrowhead Pharmaceuticals, Inc.                            | CUSIP: 04280A100<br>LEI: 549300O3CSB8T7OZ3D66 | Long             | EC               | CORP              | US        |       902 | NS      | $14495.14     | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| NCR Voyix Corp.                              | NCR Voyix Corp.                                            | CUSIP: 62886E108<br>LEI: 549300YKTY8JX1DV2R67 | Long             | EC               | CORP              | US        |    351211 | NS      | $3894929.99   | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| UniFirst Corp.                               | UniFirst Corp.                                             | CUSIP: 904708104<br>LEI: 5493003XBTNWBC8UK019 | Long             | EC               | CORP              | US        |     13304 | NS      | $2508602.24   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies, Inc.                   | Resideo Technologies, Inc.                                 | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |    427664 | NS      | $8852644.80   | 0.60%             |  |  |  | No            |                  1 | On Loan: —       |
| Agilysys, Inc.                               | Agilysys, Inc.                                             | CUSIP: 00847J105<br>LEI: 5299001XWB5V3B5IPN93 | Long             | EC               | CORP              | US        |      3826 | NS      | $405211.66    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Moelis & Co.                                 | Moelis & Co., Class A                                      | CUSIP: 60786M105<br>LEI: 549300891QNU7VTQUR83 | Long             | EC               | CORP              | US        |     21394 | NS      | $1221811.34   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Arlo Technologies, Inc.                      | Arlo Technologies, Inc.                                    | CUSIP: 04206A101<br>LEI: 549300T4EUX2OQ75HV52 | Long             | EC               | CORP              | US        |     51661 | NS      | $739785.52    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Organon & Co.                                | Organon & Co.                                              | CUSIP: 68622V106<br>LEI: 549300AMCKY57OK2CO56 | Long             | EC               | CORP              | US        |    468165 | NS      | $4316481.30   | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Safety Insurance Group, Inc.                 | Safety Insurance Group, Inc.                               | CUSIP: 78648T100<br>LEI: 254900LDCFLA3J746840 | Long             | EC               | CORP              | US        |     15797 | NS      | $1297565.58   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Addus HomeCare Corp.                         | Addus HomeCare Corp.                                       | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |     13261 | NS      | $1470777.51   | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Invesco Government & Agency Portfolio        | Invesco Government & Agency Portfolio, Institutional Class | CUSIP: 825252885<br>LEI: 5493007T1J7WZ5QI1A47 | Long             | STIV             | RF                | US        |    568983 | NS      | $568983.30    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TG Therapeutics, Inc.                        | TG Therapeutics, Inc.                                      | CUSIP: 88322Q108<br>LEI: 529900X21UKABN9NJ529 | Long             | EC               | CORP              | US        |      9339 | NS      | $327892.29    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Cohen & Steers, Inc.                         | Cohen & Steers, Inc.                                       | CUSIP: 19247A100<br>LEI: 549300XXIA338A0X2K65 | Long             | EC               | CORP              | US        |      7190 | NS      | $552479.60    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Unitil Corp.                                 | Unitil Corp.                                               | CUSIP: 913259107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9682 | NS      | $530864.06    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Adtalem Global Education Inc.                | Adtalem Global Education Inc.                              | CUSIP: 00737L103<br>LEI: 549300Z467EZLMODV621 | Long             | EC               | CORP              | US        |     19169 | NS      | $2530883.07   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Triumph Financial, Inc.                      | Triumph Financial, Inc.                                    | CUSIP: 89679E300<br>LEI: 5493003RNRMEVYDZ1Q52 | Long             | EC               | CORP              | US        |      8877 | NS      | $512824.29    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Alpha Metallurgical Resources, Inc.          | Alpha Metallurgical Resources, Inc.                        | CUSIP: 020764106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25216 | NS      | $2825200.64   | 0.19%             |  |  |  | No            |                  1 | On Loan: —       |
| PENN Entertainment, Inc.                     | PENN Entertainment, Inc.                                   | CUSIP: 707569109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    437599 | NS      | $6489593.17   | 0.44%             |  |  |  | No            |                  1 | On Loan: —       |
| Apogee Enterprises, Inc.                     | Apogee Enterprises, Inc.                                   | CUSIP: 037598109<br>LEI: 549300579S7QW8V4IJ60 | Long             | EC               | CORP              | US        |     31216 | NS      | $1206498.40   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristow Group Inc.                           | Bristow Group Inc.                                         | CUSIP: 11040G103<br>LEI: 5493005Q24EN3UC1PV68 | Long             | EC               | CORP              | US        |     48074 | NS      | $1406645.24   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CTS Corp.                                    | CTS Corp.                                                  | CUSIP: 126501105<br>LEI: 549300YV1HQLBVHOI649 | Long             | EC               | CORP              | US        |     12942 | NS      | $526609.98    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Gibraltar Industries, Inc.                   | Gibraltar Industries, Inc.                                 | CUSIP: 374689107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22052 | NS      | $1291806.16   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Victoria's Secret & Co.                      | Victoria's Secret & Co.                                    | CUSIP: 926400102<br>LEI: 5493006T3O70U3UWVF17 | Long             | EC               | CORP              | US        |    397099 | NS      | $8422469.79   | 0.57%             |  |  |  | No            |                  1 | On Loan: —       |
| Whitestone REIT                              | Whitestone REIT                                            | CUSIP: 966084204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11698 | NS      | $144119.36    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DXP Enterprises, Inc.                        | DXP Enterprises, Inc.                                      | CUSIP: 233377407<br>LEI: 8HH9SCFWHN29ZIEWIE93 | Long             | EC               | CORP              | US        |     22745 | NS      | $1880556.60   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Realty Income Trust         | Universal Health Realty Income Trust                       | CUSIP: 91359E105<br>LEI: 549300L4MWZL4IH6H172 | Long             | EC               | CORP              | US        |      2502 | NS      | $99354.42     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tripadvisor, Inc.                            | Tripadvisor, Inc.                                          | CUSIP: 896945201<br>LEI: 549300XVG45PT5BART17 | Long             | EC               | CORP              | US        |    143611 | NS      | $2045020.64   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Arbor Realty Trust, Inc.                     | Arbor Realty Trust, Inc.                                   | CUSIP: 038923108<br>LEI: 549300ASFUWYQO0RW077 | Long             | EC               | CORP              | US        |    126010 | NS      | $1207175.80   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Helmerich & Payne, Inc.                      | Helmerich & Payne, Inc.                                    | CUSIP: 423452101<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | EC               | CORP              | US        |    117330 | NS      | $1789282.50   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Glaukos Corp.                                | Glaukos Corp.                                              | CUSIP: 377322102<br>LEI: 5299004JA1LHE21M6T14 | Long             | EC               | CORP              | US        |      4012 | NS      | $378291.48    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonos, Inc.                                  | Sonos, Inc.                                                | CUSIP: 83570H108<br>LEI: 549300WEPU6075I77M08 | Long             | EC               | CORP              | US        |    133806 | NS      | $1375525.68   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Adeia Inc.                                   | Adeia Inc.                                                 | CUSIP: 00676P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28752 | NS      | $369175.68    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NexPoint Residential Trust, Inc.             | NexPoint Residential Trust, Inc.                           | CUSIP: 65341D102<br>LEI: 549300U2J6XVYBF87166 | Long             | EC               | CORP              | US        |      7019 | NS      | $238646.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Champion Homes, Inc.                         | Champion Homes, Inc.                                       | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27662 | NS      | $1809094.80   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Andersons, Inc. (The)                        | Andersons, Inc. (The)                                      | CUSIP: 034164103<br>LEI: L38MWB8MVRFV7HVJPU11 | Long             | EC               | CORP              | US        |    296621 | NS      | $10533011.71  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Patterson-UTI Energy, Inc.                   | Patterson-UTI Energy, Inc.                                 | CUSIP: 703481101<br>LEI: 254900XGFBKIXD6G0697 | Long             | EC               | CORP              | US        |    754420 | NS      | $4164398.40   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresh Del Monte Produce Inc.                 | Fresh Del Monte Produce Inc.                               | CUSIP: G36738105<br>LEI: 529900I72V9F0FEZR228 | Long             | EC               | CORP              | KY        |    156097 | NS      | $5513346.04   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| NeoGenomics, Inc.                            | NeoGenomics, Inc.                                          | CUSIP: 64049M209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     69318 | NS      | $504635.04    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Signet Jewelers Ltd.                         | Signet Jewelers Ltd.                                       | CUSIP: G81276100<br>LEI: 549300N3XPGE91WV7M22 | Long             | EC               | CORP              | BM        |    153658 | NS      | $10229013.06  | 0.70%             |  |  |  | No            |                  1 | On Loan: —       |
| Fulton Financial Corp.                       | Fulton Financial Corp.                                     | CUSIP: 360271100<br>LEI: 5493005QLZ6O1BNC0C11 | Long             | EC               | CORP              | US        |    110956 | NS      | $1913991.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| Crescent Energy Co.                          | Crescent Energy Co., Class A                               | CUSIP: 44952J104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    294079 | NS      | $2467322.81   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanesbrands Inc.                             | Hanesbrands Inc.                                           | CUSIP: 410345102<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | EC               | CORP              | US        |    739020 | NS      | $3658149.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: —       |
| Avista Corp.                                 | Avista Corp.                                               | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |     53709 | NS      | $2068333.59   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Kulicke and Soffa Industries, Inc.           | Kulicke and Soffa Industries, Inc.                         | CUSIP: 501242101<br>LEI: 529900H6BEIRBF429744 | Long             | EC               | CORP              | US        |     20990 | NS      | $674828.50    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| J & J Snack Foods Corp.                      | J & J Snack Foods Corp.                                    | CUSIP: 466032109<br>LEI: 894500IGP1Y2ZQFQMJ83 | Long             | EC               | CORP              | US        |     12566 | NS      | $1447226.22   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Hope Bancorp, Inc.                           | Hope Bancorp, Inc.                                         | CUSIP: 43940T109<br>LEI: 549300UTF4QGMBHIZ219 | Long             | EC               | CORP              | US        |    105863 | NS      | $1062864.52   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Talos Energy Inc.                            | Talos Energy Inc.                                          | CUSIP: 87484T108<br>LEI: 549300OKFHZ84SFJFT95 | Long             | EC               | CORP              | US        |    254281 | NS      | $2044419.24   | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Redwood Trust, Inc.                          | Redwood Trust, Inc.                                        | CUSIP: 758075402<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | EC               | CORP              | US        |    172655 | NS      | $940969.75    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| S&T Bancorp, Inc.                            | S&T Bancorp, Inc.                                          | CUSIP: 783859101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16125 | NS      | $591142.50    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Xenia Hotels & Resorts, Inc.                 | Xenia Hotels & Resorts, Inc.                               | CUSIP: 984017103<br>LEI: 54930075IWIPHF5IQL62 | Long             | EC               | CORP              | US        |     87341 | NS      | $1068180.43   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Wolverine World Wide, Inc.                   | Wolverine World Wide, Inc.                                 | CUSIP: 978097103<br>LEI: 549300OVC7PK14LQ8D87 | Long             | EC               | CORP              | US        |    140338 | NS      | $2394166.28   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Supernus Pharmaceuticals, Inc.               | Supernus Pharmaceuticals, Inc.                             | CUSIP: 868459108<br>LEI: 549300GRM36VBKISYJ58 | Long             | EC               | CORP              | US        |     22823 | NS      | $723489.10    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Private Government Fund              | Invesco Private Government Fund                            | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |  83824230 | NS      | $83824230.45  | 5.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Verra Mobility Corp.                         | Verra Mobility Corp., Class A                              | CUSIP: 92511U102<br>LEI: 549300XX5EKGLR0M4152 | Long             | EC               | CORP              | US        |     47947 | NS      | $1133946.55   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| DigitalOcean Holdings, Inc.                  | DigitalOcean Holdings, Inc.                                | CUSIP: 25402D102<br>LEI: 549300EPISPY3RE3DL21 | Long             | EC               | CORP              | US        |     23110 | NS      | $654013.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| JBT Marel Corp.                              | JBT Marel Corp.                                            | CUSIP: 477839104<br>LEI: 5493007CT6ATBZ2L6826 | Long             | EC               | CORP              | US        |     14979 | NS      | $1719738.99   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| International Seaways, Inc.                  | International Seaways, Inc.                                | CUSIP: Y41053102<br>LEI: 549300YUFDGFRNGBWF46 | Long             | EC               | CORP              | MH        |     30769 | NS      | $1139991.45   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Palomar Holdings, Inc.                       | Palomar Holdings, Inc.                                     | CUSIP: 69753M105<br>LEI: 549300DOI1MUW11BLX74 | Long             | EC               | CORP              | US        |      4660 | NS      | $799050.20    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Grid Dynamics Holdings, Inc.                 | Grid Dynamics Holdings, Inc.                               | CUSIP: 39813G109<br>LEI: 9845007E77EEC65AZE29 | Long             | EC               | CORP              | US        |     22548 | NS      | $282526.44    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Everus Construction Group, Inc.              | Everus Construction Group, Inc.                            | CUSIP: 300426103<br>LEI: 2549006JMMHR0KILT425 | Long             | EC               | CORP              | US        |     79196 | NS      | $4586240.36   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp.                         | Meritage Homes Corp.                                       | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |     97103 | NS      | $6176721.83   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERISAFE, Inc.                              | AMERISAFE, Inc.                                            | CUSIP: 03071H100<br>LEI: 2549002B4EXPBLGMNN22 | Long             | EC               | CORP              | US        |      6560 | NS      | $311403.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| OFG Bancorp                                  | OFG Bancorp                                                | CUSIP: 67103X102<br>LEI: 549300Q4QEXJ37LEXQ06 | Long             | EC               | CORP              | PR        |     23553 | NS      | $968970.42    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Minerals Technologies Inc.                   | Minerals Technologies Inc.                                 | CUSIP: 603158106<br>LEI: 549300D3I1QU67GP6403 | Long             | EC               | CORP              | US        |     33814 | NS      | $1919958.92   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Griffon Corp.                                | Griffon Corp.                                              | CUSIP: 398433102<br>LEI: 5493000C2SGNC7ZN3242 | Long             | EC               | CORP              | US        |     40843 | NS      | $2807956.25   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| MYR Group Inc.                               | MYR Group Inc.                                             | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |     32398 | NS      | $5081626.30   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Oceaneering International, Inc.              | Oceaneering International, Inc.                            | CUSIP: 675232102<br>LEI: 549300L6PH74701W0R30 | Long             | EC               | CORP              | US        |    147757 | NS      | $2817725.99   | 0.19%             |  |  |  | No            |                  1 | On Loan: —       |
| Chefs' Warehouse, Inc. (The)                 | Chefs' Warehouse, Inc. (The)                               | CUSIP: 163086101<br>LEI: 549300JYEDC8C547E980 | Long             | EC               | CORP              | US        |     78298 | NS      | $4993846.44   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter, Inc.                           | Badger Meter, Inc.                                         | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |      4591 | NS      | $1139578.02   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Millrose Properties, Inc.                    | Millrose Properties, Inc.                                  | CUSIP: 601137102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    179009 | NS      | $4988980.83   | 0.34%             |  |  |  | No            |                  1 | On Loan: —       |
| Diodes Inc.                                  | Diodes Inc.                                                | CUSIP: 254543101<br>LEI: 549300XP2X1ARVH3BX23 | Long             | EC               | CORP              | US        |     29964 | NS      | $1330401.60   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| FB Financial Corp.                           | FB Financial Corp.                                         | CUSIP: 30257X104<br>LEI: 5493000B2LD2C2A6C435 | Long             | EC               | CORP              | US        |     17872 | NS      | $780112.80    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Kadant Inc.                                  | Kadant Inc.                                                | CUSIP: 48282T104<br>LEI: 549300K06LNJYBMPYP15 | Long             | EC               | CORP              | US        |      3262 | NS      | $1023974.42   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Quaker Chemical Corp.                        | Quaker Chemical Corp.                                      | CUSIP: 747316107<br>LEI: 549300PJQ1R3WCWCPS54 | Long             | EC               | CORP              | US        |     15282 | NS      | $1657180.08   | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| ICU Medical, Inc.                            | ICU Medical, Inc.                                          | CUSIP: 44930G107<br>LEI: 5493003NRW7LS2QZRH60 | Long             | EC               | CORP              | US        |     18094 | NS      | $2440156.84   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Veritex Holdings, Inc.                       | Veritex Holdings, Inc.                                     | CUSIP: 923451108<br>LEI: 549300F3SMOML02SC814 | Long             | EC               | CORP              | US        |     35335 | NS      | $855107.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| PDF Solutions, Inc.                          | PDF Solutions, Inc.                                        | CUSIP: 693282105<br>LEI: 549300GMSP6MROFBI160 | Long             | EC               | CORP              | US        |      8881 | NS      | $157193.70    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mortgage Trust, Inc.                | New York Mortgage Trust, Inc.                              | CUSIP: 649604840<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EC               | CORP              | US        |     83871 | NS      | $547677.63    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TTM Technologies, Inc.                       | TTM Technologies, Inc.                                     | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |    119179 | NS      | $3558684.94   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Factory Holding Corp.                    | Fox Factory Holding Corp.                                  | CUSIP: 35138V102<br>LEI: 529900GE1HSV0617R721 | Long             | EC               | CORP              | US        |     59451 | NS      | $1524918.15   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Country Airlines Holdings, Inc.          | Sun Country Airlines Holdings, Inc.                        | CUSIP: 866683105<br>LEI: 549300MOHOJN9GH0NJ48 | Long             | EC               | CORP              | US        |     92066 | NS      | $1066124.28   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Provident Financial Services, Inc.           | Provident Financial Services, Inc.                         | CUSIP: 74386T105<br>LEI: 529900JOSO3SXEDVE477 | Long             | EC               | CORP              | US        |     73751 | NS      | $1231641.70   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Knowles Corp.                                | Knowles Corp.                                              | CUSIP: 49926D109<br>LEI: 5493003EO323TDZQU148 | Long             | EC               | CORP              | US        |     45444 | NS      | $745736.04    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Premier, Inc.                                | Premier, Inc., Class A                                     | CUSIP: 74051N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     70049 | NS      | $1609726.02   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Papa John's International, Inc.              | Papa John's International, Inc.                            | CUSIP: 698813102<br>LEI: HZYLD3DK5XOX0WBVNB56 | Long             | EC               | CORP              | US        |     50414 | NS      | $2281233.50   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Viasat, Inc.                                 | Viasat, Inc.                                               | CUSIP: 92552V100<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | EC               | CORP              | US        |    528990 | NS      | $4618082.70   | 0.31%             |  |  |  | No            |                  1 | On Loan: —       |
| Six Flags Entertainment Corp.                | Six Flags Entertainment Corp.                              | CUSIP: 83001C108<br>LEI: 529900AS2CYWYFHRS781 | Long             | EC               | CORP              | US        |     82363 | NS      | $2764102.28   | 0.19%             |  |  |  | No            |                  1 | On Loan: —       |
| Protagonist Therapeutics, Inc.               | Protagonist Therapeutics, Inc.                             | CUSIP: 74366E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8158 | NS      | $387260.26    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Worthington Steel, Inc.                      | Worthington Steel, Inc.                                    | CUSIP: 982104101<br>LEI: 2549009ZUUWL3QLK6G24 | Long             | EC               | CORP              | US        |    136699 | NS      | $3403805.10   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Centerspace                                  | Centerspace                                                | CUSIP: 15202L107<br>LEI: 5493002LG2SH9EEHT720 | Long             | EC               | CORP              | US        |      4467 | NS      | $284771.25    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha and Omega Semiconductor Ltd.           | Alpha and Omega Semiconductor Ltd.                         | CUSIP: G6331P104<br>LEI: 5493001FE7J03YOV2V35 | Long             | EC               | CORP              | BM        |     27252 | NS      | $578287.44    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Forward Air Corp.                            | Forward Air Corp.                                          | CUSIP: 349853101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    150933 | NS      | $2532655.74   | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| Granite Construction Inc.                    | Granite Construction Inc.                                  | CUSIP: 387328107<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | EC               | CORP              | US        |     60291 | NS      | $5393029.95   | 0.37%             |  |  |  | No            |                  1 | On Loan: —       |
| Insight Enterprises, Inc.                    | Insight Enterprises, Inc.                                  | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Long             | EC               | CORP              | US        |     62540 | NS      | $8154590.60   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| PriceSmart, Inc.                             | PriceSmart, Inc.                                           | CUSIP: 741511109<br>LEI: 549300JVYOSTGVSDZS46 | Long             | EC               | CORP              | US        |     65671 | NS      | $7091154.58   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ProPetro Holding Corp.                       | ProPetro Holding Corp.                                     | CUSIP: 74347M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    224089 | NS      | $1210080.60   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Veris Residential, Inc.                      | Veris Residential, Inc.                                    | CUSIP: 554489104<br>LEI: 254900KTVBRYJCQU2J23 | Long             | EC               | CORP              | US        |     18055 | NS      | $274436.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Plexus Corp.                                 | Plexus Corp.                                               | CUSIP: 729132100<br>LEI: 549300W7HCBI5YT25I79 | Long             | EC               | CORP              | US        |     35281 | NS      | $4630984.06   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Greenbrier Cos., Inc. (The)                  | Greenbrier Cos., Inc. (The)                                | CUSIP: 393657101<br>LEI: 5493001GAGGFR30BP390 | Long             | EC               | CORP              | US        |     70762 | NS      | $3189243.34   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP Industrial Trust                         | LXP Industrial Trust                                       | CUSIP: 529043101<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               | CORP              | US        |     42005 | NS      | $360402.90    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Cytek Biosciences, Inc.                      | Cytek Biosciences, Inc.                                    | CUSIP: 23285D109<br>LEI: 549300K2J28BOC6FBO89 | Long             | EC               | CORP              | US        |     51505 | NS      | $142668.85    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| PHINIA Inc.                                  | PHINIA Inc.                                                | CUSIP: 71880K101<br>LEI: 254900HG6MORZE1FFM18 | Long             | EC               | CORP              | US        |     86992 | NS      | $3775452.80   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| CVR Energy, Inc.                             | CVR Energy, Inc.                                           | CUSIP: 12662P108<br>LEI: 529900SOYZIXZBTXB558 | Long             | EC               | CORP              | US        |    462436 | NS      | $10816378.04  | 0.74%             |  |  |  | No            |                  1 | On Loan: —       |
| Calix, Inc.                                  | Calix, Inc.                                                | CUSIP: 13100M509<br>LEI: 5299002RQRZ4SXSCSJ58 | Long             | EC               | CORP              | US        |     27487 | NS      | $1270998.88   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| First Hawaiian, Inc.                         | First Hawaiian, Inc.                                       | CUSIP: 32051X108<br>LEI: 5493002DJSH46F5OLV06 | Long             | EC               | CORP              | US        |     51498 | NS      | $1229772.24   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Materion Corp.                               | Materion Corp.                                             | CUSIP: 576690101<br>LEI: 549300CJ5RI351SUYT02 | Long             | EC               | CORP              | US        |     21551 | NS      | $1668693.93   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| California Water Service Group               | California Water Service Group                             | CUSIP: 130788102<br>LEI: 529900QABDOBU6UVRQ36 | Long             | EC               | CORP              | US        |     23989 | NS      | $1133480.25   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Energy Solutions Inc.                  | Atlas Energy Solutions Inc.                                | CUSIP: 642045108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     64809 | NS      | $787429.35    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Sabre Corp.                                  | Sabre Corp.                                                | CUSIP: 78573M104<br>LEI: 529900VKCYZW8GZ4WW58 | Long             | EC               | CORP              | US        |   1021028 | NS      | $2572990.56   | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| Shoe Carnival, Inc.                          | Shoe Carnival, Inc.                                        | CUSIP: 824889109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     61056 | NS      | $1173496.32   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Kaiser Aluminum Corp.                        | Kaiser Aluminum Corp.                                      | CUSIP: 483007704<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     49897 | NS      | $3622023.23   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Marcus & Millichap, Inc.                     | Marcus & Millichap, Inc.                                   | CUSIP: 566324109<br>LEI: 549300B2HE8ULXNB1N48 | Long             | EC               | CORP              | US        |     21437 | NS      | $617599.97    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Xerox Holdings Corp.                         | Xerox Holdings Corp.                                       | CUSIP: 98421M106<br>LEI: 5493000Y33XDVO2CXC18 | Long             | EC               | CORP              | US        |   1132020 | NS      | $5535577.80   | 0.38%             |  |  |  | No            |                  1 | On Loan: —       |
| Tanger Inc.                                  | Tanger Inc.                                                | CUSIP: 875465106<br>LEI: UKEW8YSXE4Y581KYOL30 | Long             | EC               | CORP              | US        |     17264 | NS      | $514467.20    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| LCI Industries                               | LCI Industries                                             | CUSIP: 50189K103<br>LEI: 549300E1B98YNJ1WIQ04 | Long             | EC               | CORP              | US        |     44289 | NS      | $3859343.46   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Cogent Communications Holdings, Inc.         | Cogent Communications Holdings, Inc.                       | CUSIP: 19239V302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16000 | NS      | $731360.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TEGNA Inc.                                   | TEGNA Inc.                                                 | CUSIP: 87901J105<br>LEI: 549300YC5EDBGX85AO10 | Long             | EC               | CORP              | US        |    188573 | NS      | $3152940.56   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| City Holding Co.                             | City Holding Co.                                           | CUSIP: 177835105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3566 | NS      | $420395.74    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| CEVA, Inc.                                   | CEVA, Inc.                                                 | CUSIP: 157210105<br>LEI: 529900G9T7CVU2J2VU73 | Long             | EC               | CORP              | US        |      3791 | NS      | $71119.16     | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| Extreme Networks, Inc.                       | Extreme Networks, Inc.                                     | CUSIP: 30226D106<br>LEI: 549300WRECW11X94UB57 | Long             | EC               | CORP              | US        |     76339 | NS      | $1196232.13   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| RPC, Inc.                                    | RPC, Inc.                                                  | CUSIP: 749660106<br>LEI: 549300ZDXAFBC3SB4918 | Long             | EC               | CORP              | US        |    286965 | NS      | $1274124.60   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Axos Financial, Inc.                         | Axos Financial, Inc.                                       | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |     33737 | NS      | $2346070.98   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Pursuit Attractions and Hospitality, Inc.    | Pursuit Attractions and Hospitality, Inc.                  | CUSIP: 92552R406<br>LEI: 549300PXU4ZW7LPO5Y40 | Long             | EC               | CORP              | US        |     38527 | NS      | $1074518.03   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Scholastic Corp.                             | Scholastic Corp.                                           | CUSIP: 807066105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     89331 | NS      | $1542746.37   | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| National Beverage Corp.                      | National Beverage Corp.                                    | CUSIP: 635017106<br>LEI: 549300O9MZIQJI8TGV17 | Long             | EC               | CORP              | US        |     31221 | NS      | $1412125.83   | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Jack in the Box Inc.                         | Jack in the Box Inc.                                       | CUSIP: 466367109<br>LEI: 5493002OJW26P0SUUP68 | Long             | EC               | CORP              | US        |     49995 | NS      | $948155.18    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Alkermes PLC                                 | Alkermes PLC                                               | CUSIP: G01767105<br>LEI: 549300YHRMYLL071E243 | Long             | EC               | CORP              | IE        |     50161 | NS      | $1535428.21   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Trinity Industries, Inc.                     | Trinity Industries, Inc.                                   | CUSIP: 896522109<br>LEI: R1JB4KXN77XFCXOQKV49 | Long             | EC               | CORP              | US        |    114244 | NS      | $2940640.56   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Edge Properties                        | Urban Edge Properties                                      | CUSIP: 91704F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25447 | NS      | $462117.52    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| B&G Foods, Inc.                              | B&G Foods, Inc.                                            | CUSIP: 05508R106<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | EC               | CORP              | US        |    282336 | NS      | $1188634.56   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| HealthStream, Inc.                           | HealthStream, Inc.                                         | CUSIP: 42222N103<br>LEI: 529900OJ88H8635JNH64 | Long             | EC               | CORP              | US        |      9654 | NS      | $270505.08    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunstone Hotel Investors, Inc.               | Sunstone Hotel Investors, Inc.                             | CUSIP: 867892101<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EC               | CORP              | US        |     98120 | NS      | $879155.20    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Corp.                              | Universal Corp.                                            | CUSIP: 913456109<br>LEI: 549300BZXZ66F6DTIF20 | Long             | EC               | CORP              | US        |     60599 | NS      | $3962568.61   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Winnebago Industries, Inc.                   | Winnebago Industries, Inc.                                 | CUSIP: 974637100<br>LEI: 549300B7OYKYJLTE3G11 | Long             | EC               | CORP              | US        |     85940 | NS      | $2915944.20   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Alarm.com Holdings, Inc.                     | Alarm.com Holdings, Inc.                                   | CUSIP: 011642105<br>LEI: 549300HIH92U1EKIHZ32 | Long             | EC               | CORP              | US        |     17135 | NS      | $983549.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Interface, Inc.                              | Interface, Inc.                                            | CUSIP: 458665304<br>LEI: 549300VXZWQOIDFPU355 | Long             | EC               | CORP              | US        |     75255 | NS      | $1511872.95   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemours Co. (The)                           | Chemours Co. (The)                                         | CUSIP: 163851108<br>LEI: 549300M1BOLNXL8DOV14 | Long             | EC               | CORP              | US        |    454489 | NS      | $4603973.57   | 0.31%             |  |  |  | No            |                  1 | On Loan: —       |
| Sealed Air Corp.                             | Sealed Air Corp.                                           | CUSIP: 81211K100<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | EC               | CORP              | US        |    196871 | NS      | $6339246.20   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SPS Commerce, Inc.                           | SPS Commerce, Inc.                                         | CUSIP: 78463M107<br>LEI: 2549006XVF9GCCETDQ72 | Long             | EC               | CORP              | US        |      5325 | NS      | $749547.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Renasant Corp.                               | Renasant Corp.                                             | CUSIP: 75970E107<br>LEI: 549300OVE6OZHW2UUH81 | Long             | EC               | CORP              | US        |     34713 | NS      | $1216690.65   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovative Industrial Properties, Inc.       | Innovative Industrial Properties, Inc.                     | CUSIP: 45781V101<br>LEI: 5493008BQ0545EZXRR30 | Long             | EC               | CORP              | US        |      4784 | NS      | $264172.48    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SITE Centers Corp.                           | SITE Centers Corp.                                         | CUSIP: 82981J851<br>LEI: W2AVA6SODOQ1LCYJQR54 | Long             | EC               | CORP              | US        |     33447 | NS      | $398688.24    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

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

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Vice President