# EDGAR Filing Document

**Accession Number:** 0001378872
**File Stem:** 0001378872-25-000032
**Filing Date:** 2025-9
**Character Count:** 174133
**Document Hash:** a3af1894f4e7458f4d90a3e7f25208d7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001378872-25-000032.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0001378872-25-000032

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20251031

**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:** 251346789

**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 International Developed Low Volatility ETF (Series ID: S000034747)

| Class ID   | Class Name                                             | Ticker Symbol   |
|:---|:---|:---|
| C000106970 | Invesco S&P International Developed Low Volatility ETF | IDLV            |

## Nport-Ex

Schedule of Investments

**Invesco S&P Emerging Markets Low Volatility ETF (EELV)**

July 31, 2025

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-99.45%** | **Common Stocks & Other Equity Interests-99.45%** | **Common Stocks & Other Equity Interests-99.45%** |
| **Brazil-10.20%** | **Brazil-10.20%** | **Brazil-10.20%** |
| Ambev S.A. | 713186 | &nbsp;&nbsp; $1587250 |
| Banco do Brasil S.A. | 466800 | &nbsp;&nbsp; 1642561 |
| Banco Santander Brasil S.A., Series CPO | 310000 | &nbsp;&nbsp; 1463468 |
| BB Seguridade Participacoes S.A. | 328100 | &nbsp;&nbsp; 1974970 |
| Caixa Seguridade Participacoes S.A. | 643301 | &nbsp;&nbsp; 1583390 |
| Centrais Eletricas Brasileiras S.A. | 242300 | &nbsp;&nbsp; 1636381 |
| &nbsp;&nbsp;&nbsp; Cia de Saneamento Basico do Estado de Sao <br> Paulo SABESP<br>| 79300 | &nbsp;&nbsp; 1534144 |
| &nbsp;&nbsp;&nbsp; Cia Energetica de Minas Gerais, Preference <br> Shares<br>| 855400 | &nbsp;&nbsp; 1578316 |
| &nbsp;&nbsp;&nbsp; Cia Paranaense de Energia - Copel, Class B, <br> Preference Shares<br>| 842700 | &nbsp;&nbsp; 1785180 |
| CPFL Energia S.A. | 300000 | &nbsp;&nbsp; 2031419 |
| ENGIE Brasil Energia S.A. | 328300 | &nbsp;&nbsp; 2341503 |
| Equatorial Energia S.A. | 252600 | &nbsp;&nbsp; 1537198 |
| &nbsp;&nbsp;&nbsp; Itau Unibanco Holding S.A., Preference <br> Shares<br>| 304775 | &nbsp;&nbsp; 1914047 |
| Itausa S.A., Preference Shares | 994657 | &nbsp;&nbsp; 1838815 |
| Klabin S.A. | 618857 | &nbsp;&nbsp; 2056022 |
| Motiva Infraestrutura de Mobilidade S.A. | 621800 | &nbsp;&nbsp; 1367204 |
| Neoenergia S.A. | 398400 | &nbsp;&nbsp; 1744163 |
| Petroleo Brasileiro S.A., Preference Shares | 297900 | &nbsp;&nbsp; 1736781 |
| Porto Seguro S.A. | 200100 | &nbsp;&nbsp; 1854621 |
| Suzano S.A. | 173200 | &nbsp;&nbsp; 1613343 |
| Telefonica Brasil S.A. | 305780 | &nbsp;&nbsp; 1719366 |
| TIM S.A. | 403900 | &nbsp;&nbsp; 1494096 |
| Vale S.A. | 168400 | &nbsp;&nbsp; 1608035 |
|  |  | &nbsp;&nbsp; 39642273 |
| **Chile-5.11%** | **Chile-5.11%** | **Chile-5.11%** |
| Banco de Chile | 15293947 | &nbsp;&nbsp; 2092866 |
| Banco de Credito e Inversiones S.A. | 47188 | &nbsp;&nbsp; 1860376 |
| Banco Santander Chile | 36507299 | &nbsp;&nbsp; 2094803 |
| Cencosud S.A. | 517776 | &nbsp;&nbsp; 1549499 |
| Empresas CMPC S.A. | 1136625 | &nbsp;&nbsp; 1590565 |
| Empresas COPEC S.A. | 247394 | &nbsp;&nbsp; 1627007 |
| Enel Americas S.A. | 22240031 | &nbsp;&nbsp; 2203378 |
| Enel Chile S.A. | 25421122 | &nbsp;&nbsp; 1617576 |
| Falabella S.A. | 340511 | &nbsp;&nbsp; 1686765 |
| LATAM Airlines Group S.A.<sup>(a)</sup> | 86971272 | &nbsp;&nbsp; 1889405 |
| Plaza S.A. | 771634 | &nbsp;&nbsp; 1619432 |
|  |  | &nbsp;&nbsp; 19831672 |
| **China-3.52%** | **China-3.52%** | **China-3.52%** |
| Bank of China Ltd., H Shares | 2733309 | &nbsp;&nbsp; 1577703 |
| &nbsp;&nbsp;&nbsp; Bank of Communications Co. Ltd., H <br> Shares<sup>(b)</sup><br>| 1708000 | &nbsp;&nbsp; 1538682 |
| China CITIC Bank Corp. Ltd., H Shares | 1606000 | &nbsp;&nbsp; 1492170 |
| China Construction Bank Corp., H Shares | 1592278 | &nbsp;&nbsp; 1628588 |
| China Power International Development Ltd. | 3856000 | &nbsp;&nbsp; 1511534 |
| China Tower Corp. Ltd., H Shares<sup>(c)</sup> | 1006000 | &nbsp;&nbsp; 1407712 |
| China Zheshang Bank Co. Ltd., H Shares | 4540000 | &nbsp;&nbsp; 1595394 |
| &nbsp;&nbsp;&nbsp; Industrial & Commercial Bank of China Ltd., H <br> Shares<br>| 1966089 | &nbsp;&nbsp; 1506467 |
| Jiangsu Expressway Co. Ltd., H Shares | 1154000 | &nbsp;&nbsp; 1415032 |
|  |  | &nbsp;&nbsp; 13673282 |
| **Colombia-0.41%** | **Colombia-0.41%** | **Colombia-0.41%** |
| Grupo Cibest S.A., Preference Shares | 145371 | &nbsp;&nbsp; 1598508 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Czech Republic-1.11%** | **Czech Republic-1.11%** | **Czech Republic-1.11%** |
| CEZ A.S. | 40043 | &nbsp;&nbsp; $2325882 |
| Komercni banka A.S. | 41361 | &nbsp;&nbsp; 1975194 |
|  |  | &nbsp;&nbsp; 4301076 |
| **Egypt-0.65%** | **Egypt-0.65%** | **Egypt-0.65%** |
| &nbsp;&nbsp;&nbsp; Commercial International Bank-Egypt (CIB) <br> S.A.E.<br>| 1312689 | &nbsp;&nbsp; 2543122 |
| **Greece-2.19%** | **Greece-2.19%** | **Greece-2.19%** |
| GEK TERNA S.A. | 84567 | &nbsp;&nbsp; 2093403 |
| &nbsp;&nbsp;&nbsp; Hellenic Telecommunications Organization <br> S.A.<br>| 88281 | &nbsp;&nbsp; 1604648 |
| JUMBO S.A. | 46197 | &nbsp;&nbsp; 1562787 |
| Motor Oil Hellas Corinth Refineries S.A. | 52242 | &nbsp;&nbsp; 1500995 |
| OPAP S.A. | 78000 | &nbsp;&nbsp; 1752076 |
|  |  | &nbsp;&nbsp; 8513909 |
| **Hungary-1.10%** | **Hungary-1.10%** | **Hungary-1.10%** |
| MOL Hungarian Oil & Gas PLC | 283601 | &nbsp;&nbsp; 2473007 |
| OTP Bank Nyrt. | 21906 | &nbsp;&nbsp; 1784028 |
|  |  | &nbsp;&nbsp; 4257035 |
| **India-2.00%** | **India-2.00%** | **India-2.00%** |
| Dr. Reddy's Laboratories Ltd., ADR<sup>(b)</sup> | 107984 | &nbsp;&nbsp; 1535532 |
| HDFC Bank Ltd., ADR<sup>(b)</sup> | 20605 | &nbsp;&nbsp; 1581846 |
| ICICI Bank Ltd., ADR<sup>(b)</sup> | 52479 | &nbsp;&nbsp; 1768542 |
| Infosys Ltd., ADR<sup>(b)</sup> | 81225 | &nbsp;&nbsp; 1358082 |
| Reliance Industries Ltd., GDR<sup>(c)</sup> | 24031 | &nbsp;&nbsp; 1512674 |
|  |  | &nbsp;&nbsp; 7756676 |
| **Indonesia-0.36%** | **Indonesia-0.36%** | **Indonesia-0.36%** |
| PT Bank Central Asia Tbk | 2757337 | &nbsp;&nbsp; 1381965 |
| **Kuwait-5.31%** | **Kuwait-5.31%** | **Kuwait-5.31%** |
| Al Ahli Bank of Kuwait K.S.C.P. | 2084608 | &nbsp;&nbsp; 2047875 |
| Boubyan Bank K.S.C.P. | 1127868 | &nbsp;&nbsp; 2598346 |
| Burgan Bank SAK | 1897204 | &nbsp;&nbsp; 1547579 |
| Gulf Bank K.S.C.P. | 1677436 | &nbsp;&nbsp; 1853972 |
| Kuwait Finance House K.S.C.P. | 1561335 | &nbsp;&nbsp; 4113368 |
| Mabanee Co. K.P.S.C. | 965976 | &nbsp;&nbsp; 2798455 |
| Mobile Telecommunications Co. K.S.C.P. | 1843906 | &nbsp;&nbsp; 3202618 |
| National Bank of Kuwait S.A.K.P. | 722370 | &nbsp;&nbsp; 2473725 |
|  |  | &nbsp;&nbsp; 20635938 |
| **Malaysia-9.14%** | **Malaysia-9.14%** | **Malaysia-9.14%** |
| AMMB Holdings Bhd. | 1322000 | &nbsp;&nbsp; 1562056 |
| Bursa Malaysia Bhd. | 1079400 | &nbsp;&nbsp; 1903871 |
| CIMB Group Holdings Bhd. | 994800 | &nbsp;&nbsp; 1520669 |
| Genting Bhd. | 2236500 | &nbsp;&nbsp; 1636435 |
| Hong Leong Bank Bhd. | 601500 | &nbsp;&nbsp; 2674024 |
| IHH Healthcare Bhd. | 1758947 | &nbsp;&nbsp; 2741499 |
| Malayan Banking Bhd. | 1204192 | &nbsp;&nbsp; 2648524 |
| MISC Bhd. | 1078700 | &nbsp;&nbsp; 1883873 |
| Nestle Malaysia Bhd. | 85100 | &nbsp;&nbsp; 1755105 |
| Petronas Gas Bhd. | 619900 | &nbsp;&nbsp; 2610993 |
| Public Bank Bhd. | 2018600 | &nbsp;&nbsp; 1988056 |
| QL Resources Bhd. | 2603300 | &nbsp;&nbsp; 2590934 |
| RHB Bank Bhd. | 1664000 | &nbsp;&nbsp; 2388991 |
| SD Guthrie Bhd. | 1496500 | &nbsp;&nbsp; 1671704 |
| Telekom Malaysia Bhd. | 1338900 | &nbsp;&nbsp; 2113815 |
| Tenaga Nasional Bhd. | 609172 | &nbsp;&nbsp; 1855506 |
| United Plantations Bhd. | 389000 | &nbsp;&nbsp; 1973654 |
|  |  | &nbsp;&nbsp; 35519709 |
| **Mexico-3.34%** | **Mexico-3.34%** | **Mexico-3.34%** |
| America Movil S.A.B. de C.V., Class B | 2142080 | &nbsp;&nbsp; 1937468 |

---

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

------

**Invesco S&P Emerging Markets Low Volatility ETF (EELV)—(continued)**

July 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Mexico-(continued)** | **Mexico-(continued)** | **Mexico-(continued)** |
| Arca Continental S.A.B. de C.V. | 138373 | &nbsp;&nbsp; $1444985 |
| Coca-Cola FEMSA S.A.B. de C.V., Series CPO | 174303 | &nbsp;&nbsp; 1448043 |
| &nbsp;&nbsp;&nbsp; Fomento Economico Mexicano S.A.B. de <br> C.V., Series CPO<sup>(d)</sup><br>| 170589 | &nbsp;&nbsp; 1543034 |
| Gruma S.A.B. de C.V., Class B | 90331 | &nbsp;&nbsp; 1564199 |
| Grupo Comercial Chedraui S.A. de C.V. | 212499 | &nbsp;&nbsp; 1724618 |
| &nbsp;&nbsp;&nbsp; Kimberly-Clark de Mexico S.A.B. de C.V., <br> Class A<sup>(b)</sup><br>| 955827 | &nbsp;&nbsp; 1784894 |
| &nbsp;&nbsp;&nbsp; Promotora y Operadora de Infraestructura <br> S.A.B de C.V.<br>| 128843 | &nbsp;&nbsp; 1521536 |
|  |  | &nbsp;&nbsp; 12968777 |
| **Peru-0.46%** | **Peru-0.46%** | **Peru-0.46%** |
| Credicorp Ltd. | 7468 | &nbsp;&nbsp; 1769916 |
| **Poland-0.84%** | **Poland-0.84%** | **Poland-0.84%** |
| Orange Polska S.A.<sup>(b)</sup> | 664105 | &nbsp;&nbsp; 1554396 |
| ORLEN S.A.<sup>(b)</sup> | 76695 | &nbsp;&nbsp; 1714081 |
|  |  | &nbsp;&nbsp; 3268477 |
| **Qatar-6.02%** | **Qatar-6.02%** | **Qatar-6.02%** |
| AlRayan Bank | 4575068 | &nbsp;&nbsp; 2988717 |
| Commercial Bank P.S.Q.C. (The) | 1793986 | &nbsp;&nbsp; 2409449 |
| Dukhan Bank | 2543024 | &nbsp;&nbsp; 2551548 |
| Industries Qatar Q.S.C. | 771218 | &nbsp;&nbsp; 2813435 |
| &nbsp;&nbsp;&nbsp; Mesaieed Petrochemical Holding Co. <br> Q.P.S.C.<br>| 6497749 | &nbsp;&nbsp; 2415551 |
| Ooredoo Q.P.S.C. | 620529 | &nbsp;&nbsp; 2293217 |
| Qatar Gas Transport Co. Ltd. | 1595421 | &nbsp;&nbsp; 2103453 |
| Qatar Islamic Bank Q.P.S.C. | 411479 | &nbsp;&nbsp; 2772214 |
| Qatar National Bank Q.P.S.C. | 592080 | &nbsp;&nbsp; 3046032 |
|  |  | &nbsp;&nbsp; 23393616 |
| **Romania-0.64%** | **Romania-0.64%** | **Romania-0.64%** |
| NEPI Rockcastle N.V.<sup>(a)</sup> | 320555 | &nbsp;&nbsp; 2468573 |
| **Russia-0.00%** | **Russia-0.00%** | **Russia-0.00%** |
| X5 Retail Group N.V., GDR<sup>(a)(c)(e)</sup> | 51546 | &nbsp;&nbsp; 0 |
| **Saudi Arabia-14.95%** | **Saudi Arabia-14.95%** | **Saudi Arabia-14.95%** |
| Abdullah Al Othaim Markets Co. | 1035024 | &nbsp;&nbsp; 2013450 |
| Ades Holding Co. | 419312 | &nbsp;&nbsp; 1406528 |
| Al Rajhi Bank | 83925 | &nbsp;&nbsp; 2116091 |
| Alinma Bank | 317568 | &nbsp;&nbsp; 2183761 |
| Almarai Co. JSC | 138759 | &nbsp;&nbsp; 1769690 |
| Arab National Bank | 293862 | &nbsp;&nbsp; 1699946 |
| Bank AlBilad | 245432 | &nbsp;&nbsp; 1699325 |
| Bank Al-Jazira<sup>(a)</sup> | 524210 | &nbsp;&nbsp; 1750996 |
| Banque Saudi Fransi | 421867 | &nbsp;&nbsp; 1927396 |
| Dallah Healthcare Co. | 57874 | &nbsp;&nbsp; 2096250 |
| &nbsp;&nbsp;&nbsp; Dr. Sulaiman Al Habib Medical Services Group <br> Co., Class H<br>| 25722 | &nbsp;&nbsp; 1796579 |
| Etihad Etisalat Co. | 99107 | &nbsp;&nbsp; 1615907 |
| Jarir Marketing Co. | 879390 | &nbsp;&nbsp; 3010020 |
| Nahdi Medical Co. | 70959 | &nbsp;&nbsp; 2340929 |
| Riyad Bank | 215661 | &nbsp;&nbsp; 1618214 |
| SABIC Agri-Nutrients Co. | 75689 | &nbsp;&nbsp; 2400822 |
| Sahara International Petrochemical Co. | 371769 | &nbsp;&nbsp; 1771908 |
| Saudi Arabian Oil Co.<sup>(c)</sup> | 462823 | &nbsp;&nbsp; 2994768 |
| Saudi Aramco Base Oil Co. | 71823 | &nbsp;&nbsp; 1993000 |
| Saudi Awwal Bank | 186806 | &nbsp;&nbsp; 1610253 |
| Saudi Basic Industries Corp. | 167415 | &nbsp;&nbsp; 2438188 |
| Saudi Electricity Co. | 616069 | &nbsp;&nbsp; 2422516 |
| Saudi Industrial Investment Group<sup>(a)</sup> | 350273 | &nbsp;&nbsp; 1676068 |
| Saudi Investment Bank (The) | 591126 | &nbsp;&nbsp; 2265043 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Saudi Arabia-(continued)** | **Saudi Arabia-(continued)** | **Saudi Arabia-(continued)** |
| Saudi Kayan Petrochemical Co.<sup>(a)</sup> | 1382027 | &nbsp;&nbsp; $1680944 |
| Saudi National Bank (The) | 193224 | &nbsp;&nbsp; 1928200 |
| Saudi Tadawul Group Holding Co. | 37949 | &nbsp;&nbsp; 1654801 |
| Saudi Telecom Co. | 193722 | &nbsp;&nbsp; 2168464 |
| Yanbu National Petrochemical Co., Class A | 249248 | &nbsp;&nbsp; 2024826 |
|  |  | &nbsp;&nbsp; 58074883 |
| **South Africa-5.57%** | **South Africa-5.57%** | **South Africa-5.57%** |
| Bid Corp. Ltd. | 78301 | &nbsp;&nbsp; 1982863 |
| Bidvest Group Ltd. (The) | 113915 | &nbsp;&nbsp; 1492858 |
| Capitec Bank Holdings Ltd. | 8155 | &nbsp;&nbsp; 1592527 |
| Clicks Group Ltd. | 88622 | &nbsp;&nbsp; 1869962 |
| Discovery Ltd. | 135294 | &nbsp;&nbsp; 1616223 |
| FirstRand Ltd. | 362609 | &nbsp;&nbsp; 1551231 |
| Growthpoint Properties Ltd. | 2521365 | &nbsp;&nbsp; 1987230 |
| Investec Ltd. | 248293 | &nbsp;&nbsp; 1836727 |
| OUTsurance Group Ltd. | 380234 | &nbsp;&nbsp; 1623051 |
| Remgro Ltd. | 176110 | &nbsp;&nbsp; 1616364 |
| Sanlam Ltd. | 312568 | &nbsp;&nbsp; 1515405 |
| Shoprite Holdings Ltd. | 101064 | &nbsp;&nbsp; 1480096 |
| Standard Bank Group Ltd. | 115102 | &nbsp;&nbsp; 1492027 |
|  |  | &nbsp;&nbsp; 21656564 |
| **South Korea-2.09%** | **South Korea-2.09%** | **South Korea-2.09%** |
| Industrial Bank of Korea | 165994 | &nbsp;&nbsp; 2315858 |
| Kangwon Land, Inc. | 144169 | &nbsp;&nbsp; 1935210 |
| Korean Air Lines Co. Ltd. | 87919 | &nbsp;&nbsp; 1488502 |
| LG Uplus Corp. | 226623 | &nbsp;&nbsp; 2385570 |
|  |  | &nbsp;&nbsp; 8125140 |
| **Taiwan-11.08%** | **Taiwan-11.08%** | **Taiwan-11.08%** |
| Asia Cement Corp. | 1269872 | &nbsp;&nbsp; 1716574 |
| Chang Hwa Commercial Bank Ltd. | 4352015 | &nbsp;&nbsp; 2688102 |
| Chunghwa Telecom Co. Ltd. | 763137 | &nbsp;&nbsp; 3297730 |
| CTBC Financial Holding Co. Ltd. | 1103000 | &nbsp;&nbsp; 1515629 |
| E.Sun Financial Holding Co. Ltd. | 1784292 | &nbsp;&nbsp; 1908290 |
| Far EasTone Telecommunications Co. Ltd.<sup>(a)</sup> | 629810 | &nbsp;&nbsp; 1717744 |
| First Financial Holding Co. Ltd. | 2174386 | &nbsp;&nbsp; 2147933 |
| Hua Nan Financial Holdings Co. Ltd. | 2027146 | &nbsp;&nbsp; 1942392 |
| Mega Financial Holding Co. Ltd. | 1485012 | &nbsp;&nbsp; 2112423 |
| Poya International Co. Ltd. | 97970 | &nbsp;&nbsp; 1516125 |
| President Chain Store Corp. | 254000 | &nbsp;&nbsp; 2176650 |
| &nbsp;&nbsp;&nbsp; Shanghai Commercial & Savings Bank Ltd. <br> (The)<br>| 1054902 | &nbsp;&nbsp; 1514466 |
| SinoPac Financial Holdings Co. Ltd. | 1990581 | &nbsp;&nbsp; 1642448 |
| Taichung Commercial Bank Co. Ltd. | 2492000 | &nbsp;&nbsp; 1851704 |
| Taishin Financial Holding Co. Ltd. | 2949277 | &nbsp;&nbsp; 1609673 |
| Taiwan Business Bank | 3431453 | &nbsp;&nbsp; 1843702 |
| &nbsp;&nbsp;&nbsp; Taiwan Cooperative Financial Holding Co. <br> Ltd.<br>| 2791595 | &nbsp;&nbsp; 2369362 |
| Taiwan Fertilizer Co. Ltd. | 887677 | &nbsp;&nbsp; 1541785 |
| Taiwan High Speed Rail Corp. | 2912000 | &nbsp;&nbsp; 2653847 |
| Taiwan Mobile Co. Ltd. | 508800 | &nbsp;&nbsp; 1793672 |
| TCC Group Holdings Co. Ltd. | 2178900 | &nbsp;&nbsp; 1767464 |
| Uni-President Enterprises Corp. | 656181 | &nbsp;&nbsp; 1731834 |
|  |  | &nbsp;&nbsp; 43059549 |
| **Thailand-6.65%** | **Thailand-6.65%** | **Thailand-6.65%** |
| Advanced Info Service PCL, NVDR | 181560 | &nbsp;&nbsp; 1613116 |
| Bangkok Bank PCL, NVDR | 447869 | &nbsp;&nbsp; 2024400 |
| Bangkok Dusit Medical Services PCL, NVDR | 2652662 | &nbsp;&nbsp; 1745398 |
| Bangkok Expressway & Metro PCL, NVDR | 10180317 | &nbsp;&nbsp; 1729394 |
| Kasikornbank PCL, NVDR | 401339 | &nbsp;&nbsp; 1984556 |
| Krung Thai Bank PCL, NVDR | 2325906 | &nbsp;&nbsp; 1563805 |

---

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

------

**Invesco S&P Emerging Markets Low Volatility ETF (EELV)—(continued)**

July 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Thailand-(continued)** | **Thailand-(continued)** | **Thailand-(continued)** |
| Krungthai Card PCL, NVDR | 1437308 | &nbsp;&nbsp; $1250778 |
| PTT PCL, NVDR | 2099593 | &nbsp;&nbsp; 2134811 |
| SCB X PCL, NVDR | 566712 | &nbsp;&nbsp; 2189288 |
| Thai Beverage PCL | 4917651 | &nbsp;&nbsp; 1757432 |
| Thai Union Group PCL, NVDR | 5242792 | &nbsp;&nbsp; 1775737 |
| Tisco Financial Group PCL, NVDR | 1348394 | &nbsp;&nbsp; 4092478 |
| TMBThanachart Bank PCL, NVDR | 33267900 | &nbsp;&nbsp; 1962391 |
|  |  | &nbsp;&nbsp; 25823584 |
| **United Arab Emirates-6.71%** | **United Arab Emirates-6.71%** | **United Arab Emirates-6.71%** |
| Abu Dhabi Islamic Bank PJSC | 328329 | &nbsp;&nbsp; 2155763 |
| &nbsp;&nbsp;&nbsp; Abu Dhabi National Oil Co. for Distribution <br> PJSC<br>| 2112500 | &nbsp;&nbsp; 2132575 |
| ADNOC Drilling Co. PJSC, Class C | 1044761 | &nbsp;&nbsp; 1660908 |
| ADNOC Gas PLC | 2100389 | &nbsp;&nbsp; 1902815 |
| ADNOC Logistics & Services | 1265197 | &nbsp;&nbsp; 1603933 |
| Borouge PLC | 3538621 | &nbsp;&nbsp; 2541861 |
| Dubai Electricity and Water Authority PJSC | 2847480 | &nbsp;&nbsp; 2143976 |
| Dubai Islamic Bank PJSC | 943748 | &nbsp;&nbsp; 2559469 |
| Emirates NBD Bank PJSC | 256215 | &nbsp;&nbsp; 1864513 |
| &nbsp;&nbsp;&nbsp; Emirates Telecommunications Group Co. <br> PJSC<br>| 434671 | &nbsp;&nbsp; 2241341 |
| Fertiglobe PLC | 2411971 | &nbsp;&nbsp; 1704541 |
| First Abu Dhabi Bank PJSC | 381509 | &nbsp;&nbsp; 1866355 |
| Salik Co. PJSC | 968612 | &nbsp;&nbsp; 1685763 |
|  |  | &nbsp;&nbsp; 26063813 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $348,812,362) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $348,812,362) | &nbsp;&nbsp; 386328057 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Money Market Funds-0.05%** | **Money Market Funds-0.05%** | **Money Market Funds-0.05%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 4.25%<sup>(f)(g)</sup> <br>(Cost $193,030)<br>| 193030 | &nbsp;&nbsp; $193030 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.50% <br>(Cost $349,005,392) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.50% <br>(Cost $349,005,392) | &nbsp;&nbsp; 386521087 |
| **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** |
| **Money Market Funds-2.02%** | **Money Market Funds-2.02%** | **Money Market Funds-2.02%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 4.32%<sup>(f)(g)(h)</sup><br>| 2296234 | &nbsp;&nbsp; 2296234 |
| Invesco Private Prime Fund, 4.46%<sup>(f)(g)(h)</sup> | 5551666 | &nbsp;&nbsp; 5552776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $7,849,010) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $7,849,010) | &nbsp;&nbsp; 7849010 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-101.52% <br>(Cost $356,854,402) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-101.52% <br>(Cost $356,854,402) | &nbsp;&nbsp; 394370097 |
| OTHER ASSETS LESS LIABILITIES-(1.52)% | OTHER ASSETS LESS LIABILITIES-(1.52)% | &nbsp;&nbsp; (5912916)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $388457181 |

---

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

---

| |
|:---|
| Investment Abbreviations: |
| ADR-American Depositary Receipt |
| CPO-Certificates of Ordinary Participation |
| GDR-Global Depositary Receipt |
| NVDR-Non-Voting Depositary Receipt |

---

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

---

| | |
|:---|:---|
| Notes to Schedule of Investments: | Notes to Schedule of Investments: |
| <sup>(a)</sup> | Non-income producing security. |
| <sup>(b)</sup> | All or a portion of this security was out on loan at July 31, 2025. |
| <sup>(c)</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 aggregate value of these securities at <br> July 31, 2025 was $5,915,154, which represented 1.52% of the Fund's Net Assets.<br>|
| <sup>(d)</sup> | Each CPO for Fomento Economico Mexicano, S.A.B. de C.V. represents one Series B share and four Series D shares. |
| <sup>(e)</sup> | Security valued using significant unobservable inputs (Level 3). See Note 1. |
| <sup>(f)</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 July 31, 2025.<br>|

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**October 31, 2024**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Value** <br>**July 31, 2025**<br>| **Dividend Income** |
| **Investments in Affiliated** <br> **Money Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & <br> Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; $30856 | &nbsp;&nbsp;&nbsp; $24816340 | &nbsp;&nbsp;&nbsp; $(24654166)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $193030 | &nbsp;&nbsp;&nbsp; $9243 |

---

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

------

**Invesco S&P Emerging Markets Low Volatility ETF (EELV)—(continued)**

July 31, 2025

*(Unaudited)*

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value**<br> **October 31, 2024**<br>| **Purchases**<br> **at Cost**<br>| **Proceeds**<br> **from Sales**<br>| **Change in**<br> **Unrealized**<br> **Appreciation**<br>| **Realized**<br> **Gain**<br> **(Loss)**<br>| **Value**<br> **July 31, 2025**<br>| **Dividend Income** |
| **Investments Purchased** <br> **with Cash Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; $4053634 | &nbsp;&nbsp;&nbsp; $28217910 | &nbsp;&nbsp;&nbsp; $(29975310)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $2296234 | &nbsp;&nbsp;&nbsp; $108,855<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp; 5364341 | &nbsp;&nbsp;&nbsp; 48119750 | &nbsp;&nbsp;&nbsp; (47930258)<br>| &nbsp;&nbsp;&nbsp; 96 | &nbsp;&nbsp;&nbsp; (1153)<br>| &nbsp;&nbsp;&nbsp; 5552776 | &nbsp;&nbsp;&nbsp; 293,548<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $9448831 | &nbsp;&nbsp;&nbsp; $101154000 | &nbsp;&nbsp;&nbsp; $(102559734)<br>| &nbsp;&nbsp;&nbsp; $96 | &nbsp;&nbsp;&nbsp; $(1153)<br>| &nbsp;&nbsp;&nbsp; $8042040 | &nbsp;&nbsp;&nbsp; $411646 |

---

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

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Open Futures Contracts**<sup>(a)</sup>  | **Open Futures Contracts**<sup>(a)</sup>  | **Open Futures Contracts**<sup>(a)</sup>  | **Open Futures Contracts**<sup>(a)</sup>  | **Open Futures Contracts**<sup>(a)</sup>  | **Open Futures Contracts**<sup>(a)</sup>  |
| **Long Futures Contracts** | **Number of**<br> **Contracts**<br>| **Expiration**<br> **Month**<br>| **Notional**<br> **Value**<br>| **Value** | **Unrealized**<br> **Appreciation**<br>|
| **Equity Risk** |  |  |  |  |  |
| &nbsp;&nbsp; MSCI Emerging Markets Index | &nbsp;&nbsp;&nbsp; 25 | September-2025 | &nbsp;&nbsp;&nbsp; $1547875 | &nbsp;&nbsp;&nbsp; $52067 | &nbsp;&nbsp;&nbsp; $52067 |

---

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

<sup>(a)</sup> Futures contracts collateralized by $295,204 cash held with Morgan Stanley & Co. LLC, the futures commission merchant.

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

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

------

Schedule of Investments

**Invesco S&P Emerging Markets Momentum ETF (EEMO)**

July 31, 2025

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-99.98%** | **Common Stocks & Other Equity Interests-99.98%** | **Common Stocks & Other Equity Interests-99.98%** |
| **Argentina-0.10%** | **Argentina-0.10%** | **Argentina-0.10%** |
| Vista Energy, S.A.B. de C.V., ADR<sup>(a)</sup> | 314 | &nbsp;&nbsp; $14036 |
| **Brazil-2.45%** | **Brazil-2.45%** | **Brazil-2.45%** |
| BB Seguridade Participacoes S.A. | 2445 | &nbsp;&nbsp; 14717 |
| BRF S.A. | 2141 | &nbsp;&nbsp; 7668 |
| &nbsp;&nbsp;&nbsp; Cia Energetica de Minas Gerais, Preference <br> Shares<br>| 7622 | &nbsp;&nbsp; 14064 |
| Embraer S.A. | 5515 | &nbsp;&nbsp; 79456 |
| NU Holdings Ltd., Class A<sup>(a)</sup> | 11850 | &nbsp;&nbsp; 144807 |
| Porto Seguro S.A. | 1118 | &nbsp;&nbsp; 10362 |
| WEG S.A. | 9303 | &nbsp;&nbsp; 61665 |
|  |  | &nbsp;&nbsp; 332739 |
| **Chile-0.66%** | **Chile-0.66%** | **Chile-0.66%** |
| Banco de Chile | 177243 | &nbsp;&nbsp; 24254 |
| Cencosud S.A. | 7188 | &nbsp;&nbsp; 21511 |
| Falabella S.A. | 5244 | &nbsp;&nbsp; 25977 |
| LATAM Airlines Group S.A.<sup>(a)</sup> | 685655 | &nbsp;&nbsp; 14896 |
| Plaza S.A. | 1636 | &nbsp;&nbsp; 3433 |
|  |  | &nbsp;&nbsp; 90071 |
| **China-40.54%** | **China-40.54%** | **China-40.54%** |
| AAC Technologies Holdings, Inc. | 4272 | &nbsp;&nbsp; 21600 |
| Agricultural Bank of China Ltd., H Shares | 162587 | &nbsp;&nbsp; 106513 |
| Atour Lifestyle Holdings Ltd., ADR | 166 | &nbsp;&nbsp; 5614 |
| Bank of China Ltd., H Shares | 459806 | &nbsp;&nbsp; 265406 |
| Bank of Communications Co. Ltd., H Shares | 104427 | &nbsp;&nbsp; 94075 |
| Bilibili, Inc., Z Shares<sup>(a)(b)</sup> | 1039 | &nbsp;&nbsp; 23771 |
| Brilliance China Automotive Holdings Ltd. | 15342 | &nbsp;&nbsp; 6120 |
| BYD Co. Ltd., H Shares<sup>(b)</sup> | 13125 | &nbsp;&nbsp; 191636 |
| China CITIC Bank Corp. Ltd., H Shares | 53235 | &nbsp;&nbsp; 49462 |
| &nbsp;&nbsp;&nbsp; China Communications Services Corp. Ltd., H <br> Shares<br>| 9588 | &nbsp;&nbsp; 5584 |
| China Construction Bank Corp., H Shares | 515701 | &nbsp;&nbsp; 527461 |
| China Everbright Bank Co. Ltd., H Shares | 12572 | &nbsp;&nbsp; 5908 |
| China Feihe Ltd.<sup>(c)</sup> | 15155 | &nbsp;&nbsp; 9010 |
| China Galaxy Securities Co. Ltd., H Shares | 13456 | &nbsp;&nbsp; 18185 |
| China Hongqiao Group Ltd.<sup>(b)</sup> | 15847 | &nbsp;&nbsp; 41803 |
| China Life Insurance Co. Ltd., H Shares | 28977 | &nbsp;&nbsp; 83703 |
| China Merchants Bank Co. Ltd., H Shares | 13016 | &nbsp;&nbsp; 84463 |
| China Merchants Port Holdings Co. Ltd. | 5053 | &nbsp;&nbsp; 9935 |
| China Merchants Securities Co. Ltd., H Shares<sup>(c)</sup> | 3365 | &nbsp;&nbsp; 6956 |
| China Minsheng Banking Corp. Ltd., H Shares | 37036 | &nbsp;&nbsp; 22292 |
| &nbsp;&nbsp;&nbsp; China Pacific Insurance (Group) Co. Ltd., H <br> Shares<br>| 9836 | &nbsp;&nbsp; 39614 |
| &nbsp;&nbsp;&nbsp; China State Construction International Holdings <br> Ltd.<br>| 7015 | &nbsp;&nbsp; 10747 |
| China Taiping Insurance Holdings Co. Ltd. | 6192 | &nbsp;&nbsp; 13759 |
| China Tower Corp. Ltd., H Shares<sup>(c)</sup> | 16755 | &nbsp;&nbsp; 23446 |
| &nbsp;&nbsp;&nbsp; Chongqing Rural Commercial Bank Co. Ltd., H <br> Shares<br>| 13168 | &nbsp;&nbsp; 10444 |
| Full Truck Alliance Co. Ltd., ADR | 3431 | &nbsp;&nbsp; 39628 |
| Fuyao Glass Industry Group Co. Ltd., H Shares<sup>(c)</sup> | 2431 | &nbsp;&nbsp; 17526 |
| GDS Holdings Ltd., A Shares<sup>(a)</sup> | 7663 | &nbsp;&nbsp; 34535 |
| Geely Automobile Holdings Ltd. | 27885 | &nbsp;&nbsp; 62547 |
| Giant Biogene Holding Co. Ltd.<sup>(c)</sup> | 2087 | &nbsp;&nbsp; 14882 |
| &nbsp;&nbsp;&nbsp; Goldwind Science & Technology Co. Ltd., H <br> Shares<br>| 3476 | &nbsp;&nbsp; 3086 |
| Great Wall Motor Co. Ltd.<sup>(b)</sup> | 8858 | &nbsp;&nbsp; 14456 |
| Guotai Haitong Securities Co. Ltd., H Shares<sup>(c)</sup> | 8246 | &nbsp;&nbsp; 17801 |
| &nbsp;&nbsp;&nbsp; Industrial & Commercial Bank of China Ltd., H <br> Shares<br>| 399240 | &nbsp;&nbsp; 305908 |
| JD Logistics, Inc.<sup>(a)(c)</sup> | 8850 | &nbsp;&nbsp; 15337 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **China-(continued)** | **China-(continued)** | **China-(continued)** |
| JD.com, Inc., A Shares | 12441 | &nbsp;&nbsp; $196094 |
| Kingboard Laminates Holdings Ltd.<sup>(b)</sup> | 2914 | &nbsp;&nbsp; 3741 |
| Kingsoft Corp. Ltd. | 5018 | &nbsp;&nbsp; 22818 |
| Meituan, B Shares<sup>(a)(c)</sup> | 32616 | &nbsp;&nbsp; 503185 |
| New China Life Insurance Co. Ltd., H Shares | 3435 | &nbsp;&nbsp; 21980 |
| &nbsp;&nbsp;&nbsp; People's Insurance Co. (Group) of China Ltd. <br> (The), H Shares<br>| 44022 | &nbsp;&nbsp; 33821 |
| Pop Mart International Group Ltd.<sup>(c)</sup> | 4910 | &nbsp;&nbsp; 153162 |
| Qifu Technology, Inc., ADR<sup>(b)</sup> | 861 | &nbsp;&nbsp; 29558 |
| Qingdao Port International Co. Ltd., H Shares<sup>(c)</sup> | 3730 | &nbsp;&nbsp; 3101 |
| &nbsp;&nbsp;&nbsp; Sichuan Kelun-Biotech Biopharmaceutical Co. <br> Ltd.<sup>(a)</sup><br>| 86 | &nbsp;&nbsp; 4538 |
| Sinopec Engineering Group Co. Ltd., H Shares | 7465 | &nbsp;&nbsp; 5796 |
| SITC International Holdings Co. Ltd. | 5151 | &nbsp;&nbsp; 16655 |
| Smoore International Holdings Ltd.<sup>(c)</sup> | 12369 | &nbsp;&nbsp; 33352 |
| Tencent Holdings Ltd. | 17773 | &nbsp;&nbsp; 1244327 |
| Tingyi Cayman Islands Holding Corp. | 8178 | &nbsp;&nbsp; 12089 |
| Trip.com Group Ltd. | 2900 | &nbsp;&nbsp; 180039 |
| Uni-President China Holdings Ltd. | 6651 | &nbsp;&nbsp; 8403 |
| Xiaomi Corp., B Shares<sup>(a)(c)</sup> | 114523 | &nbsp;&nbsp; 770505 |
| Yangzijiang Shipbuilding Holdings Ltd. | 14860 | &nbsp;&nbsp; 29170 |
| Zhaojin Mining Industry Co. Ltd., H Shares | 5513 | &nbsp;&nbsp; 13690 |
| Zhuzhou CRRC Times Electric Co. Ltd. | 1715 | &nbsp;&nbsp; 6957 |
| ZTE Corp., H Shares<sup>(b)</sup> | 3519 | &nbsp;&nbsp; 11103 |
|  |  | &nbsp;&nbsp; 5507297 |
| **Colombia-0.19%** | **Colombia-0.19%** | **Colombia-0.19%** |
| Grupo Cibest S.A., Preference Shares | 2344 | &nbsp;&nbsp; 25775 |
| **Czech Republic-0.42%** | **Czech Republic-0.42%** | **Czech Republic-0.42%** |
| CEZ A.S. | 664 | &nbsp;&nbsp; 38568 |
| Komercni banka A.S. | 386 | &nbsp;&nbsp; 18434 |
|  |  | &nbsp;&nbsp; 57002 |
| **Egypt-0.03%** | **Egypt-0.03%** | **Egypt-0.03%** |
| Talaat Moustafa Group | 3094 | &nbsp;&nbsp; 3395 |
| **Greece-0.33%** | **Greece-0.33%** | **Greece-0.33%** |
| Eurobank Ergasias Services and Holdings S.A. | 10028 | &nbsp;&nbsp; 36914 |
| GEK TERNA S.A. | 295 | &nbsp;&nbsp; 7303 |
|  |  | &nbsp;&nbsp; 44217 |
| **Hong Kong-0.28%** | **Hong Kong-0.28%** | **Hong Kong-0.28%** |
| &nbsp;&nbsp;&nbsp; United Laboratories International Holdings Ltd. <br> (The)<br>| 4816 | &nbsp;&nbsp; 9028 |
| WH Group Ltd. | 29054 | &nbsp;&nbsp; 29087 |
|  |  | &nbsp;&nbsp; 38115 |
| **Hungary-0.89%** | **Hungary-0.89%** | **Hungary-0.89%** |
| OTP Bank Nyrt. | 1489 | &nbsp;&nbsp; 121264 |
| **India-10.51%** | **India-10.51%** | **India-10.51%** |
| 360 One Wam Ltd. | 998 | &nbsp;&nbsp; 11945 |
| Bharat Electronics Ltd. | 14136 | &nbsp;&nbsp; 61411 |
| Bharti Airtel Ltd. | 12049 | &nbsp;&nbsp; 262297 |
| Blue Star Ltd. | 524 | &nbsp;&nbsp; 10332 |
| Coromandel International Ltd. | 747 | &nbsp;&nbsp; 22842 |
| Divi's Laboratories Ltd. | 639 | &nbsp;&nbsp; 47851 |
| Dixon Technologies India Ltd.<sup>(c)</sup> | 264 | &nbsp;&nbsp; 50441 |
| Eicher Motors Ltd. | 545 | &nbsp;&nbsp; 33911 |
| Eternal Ltd.<sup>(a)</sup> | 30054 | &nbsp;&nbsp; 104892 |
| Fortis Healthcare Ltd. | 2022 | &nbsp;&nbsp; 19690 |
| GE Vernova T&D India Ltd. | 978 | &nbsp;&nbsp; 30307 |
| Glenmark Pharmaceuticals Ltd. | 731 | &nbsp;&nbsp; 17740 |
| Hitachi Energy India Ltd. | 51 | &nbsp;&nbsp; 11619 |
| Indian Hotels Co. Ltd. (The) | 3804 | &nbsp;&nbsp; 31996 |

---

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

------

**Invesco S&P Emerging Markets Momentum ETF (EEMO)—(continued)**

July 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **India-(continued)** | **India-(continued)** | **India-(continued)** |
| Indus Towers Ltd.<sup>(a)</sup> | 4715 | &nbsp;&nbsp; $19445 |
| Info Edge (India) Ltd. | 1545 | &nbsp;&nbsp; 24397 |
| InterGlobe Aviation Ltd.<sup>(a)(c)</sup> | 753 | &nbsp;&nbsp; 50533 |
| Jyoti CNC Automation Ltd.<sup>(a)(c)</sup> | 106 | &nbsp;&nbsp; 1227 |
| Lloyds Metals and Energy Ltd. | 898 | &nbsp;&nbsp; 15401 |
| Lupin Ltd. | 935 | &nbsp;&nbsp; 20437 |
| Mahindra & Mahindra Ltd. | 5413 | &nbsp;&nbsp; 197188 |
| MakeMyTrip Ltd.<sup>(a)(b)</sup> | 263 | &nbsp;&nbsp; 24614 |
| Mazagon Dock Shipbuilders Ltd. | 289 | &nbsp;&nbsp; 9068 |
| Muthoot Finance Ltd. | 601 | &nbsp;&nbsp; 17874 |
| Oberoi Realty Ltd. | 354 | &nbsp;&nbsp; 6553 |
| Oil India Ltd. | 1619 | &nbsp;&nbsp; 8099 |
| Oracle Financial Services Software Ltd.<sup>(a)</sup> | 76 | &nbsp;&nbsp; 7297 |
| PB Fintech Ltd.<sup>(a)</sup> | 1379 | &nbsp;&nbsp; 28299 |
| Persistent Systems Ltd. | 365 | &nbsp;&nbsp; 21331 |
| Siemens Ltd. | 318 | &nbsp;&nbsp; 10949 |
| Solar Industries India Ltd. | 90 | &nbsp;&nbsp; 14545 |
| Sun Pharmaceutical Industries Ltd. | 3669 | &nbsp;&nbsp; 71252 |
| Tech Mahindra Ltd. | 2080 | &nbsp;&nbsp; 34507 |
| Torrent Pharmaceuticals Ltd. | 329 | &nbsp;&nbsp; 14004 |
| Trent Ltd. | 964 | &nbsp;&nbsp; 54987 |
| United Spirits Ltd. | 1006 | &nbsp;&nbsp; 15359 |
| Vedanta Ltd. | 8847 | &nbsp;&nbsp; 42725 |
|  |  | &nbsp;&nbsp; 1427365 |
| **Indonesia-0.25%** | **Indonesia-0.25%** | **Indonesia-0.25%** |
| PT Alamtri Resources (Indonesia) Tbk | 52221 | &nbsp;&nbsp; 5854 |
| PT Indofood Sukses Makmur Tbk | 15681 | &nbsp;&nbsp; 8097 |
| PT Pantai Indah Kapuk Dua Tbk | 9754 | &nbsp;&nbsp; 9743 |
| PT Perusahaan Gas Negara Tbk | 43373 | &nbsp;&nbsp; 4288 |
| PT Petrindo Jaya Kreasi Tbk<sup>(a)</sup> | 68290 | &nbsp;&nbsp; 6342 |
|  |  | &nbsp;&nbsp; 34324 |
| **Kuwait-1.00%** | **Kuwait-1.00%** | **Kuwait-1.00%** |
| Kuwait Finance House K.S.C.P. | 51381 | &nbsp;&nbsp; 135364 |
| **Malaysia-2.12%** | **Malaysia-2.12%** | **Malaysia-2.12%** |
| AMMB Holdings Bhd. | 10907 | &nbsp;&nbsp; 12888 |
| CIMB Group Holdings Bhd. | 40221 | &nbsp;&nbsp; 61482 |
| Gamuda Bhd. | 29160 | &nbsp;&nbsp; 35196 |
| IHH Healthcare Bhd. | 11724 | &nbsp;&nbsp; 18273 |
| KPJ Healthcare Bhd. | 11581 | &nbsp;&nbsp; 7019 |
| Malayan Banking Bhd. | 33097 | &nbsp;&nbsp; 72794 |
| RHB Bank Bhd. | 9184 | &nbsp;&nbsp; 13185 |
| Sime Darby Property Bhd. | 16378 | &nbsp;&nbsp; 5676 |
| Sunway Bhd. | 12144 | &nbsp;&nbsp; 13421 |
| Tenaga Nasional Bhd. | 11979 | &nbsp;&nbsp; 36487 |
| United Plantations Bhd. | 2358 | &nbsp;&nbsp; 11964 |
|  |  | &nbsp;&nbsp; 288385 |
| **Mexico-0.29%** | **Mexico-0.29%** | **Mexico-0.29%** |
| &nbsp;&nbsp;&nbsp; Grupo Aeroportuario del Pacifico S.A.B. de C.V., <br> Class B<br>| 1704 | &nbsp;&nbsp; 39222 |
| **Peru-0.45%** | **Peru-0.45%** | **Peru-0.45%** |
| Credicorp Ltd. | 258 | &nbsp;&nbsp; 61146 |
| **Philippines-0.17%** | **Philippines-0.17%** | **Philippines-0.17%** |
| International Container Terminal Services, Inc. | 2991 | &nbsp;&nbsp; 22966 |
| **Poland-0.89%** | **Poland-0.89%** | **Poland-0.89%** |
| CCC S.A.<sup>(a)(b)</sup> | 359 | &nbsp;&nbsp; 18513 |
| CD Projekt S.A.<sup>(b)</sup> | 482 | &nbsp;&nbsp; 32309 |
| Powszechna Kasa Oszczednosci Bank Polski S.A. | 3219 | &nbsp;&nbsp; 70741 |
|  |  | &nbsp;&nbsp; 121563 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Qatar-0.19%** | **Qatar-0.19%** | **Qatar-0.19%** |
| Industries Qatar Q.S.C. | 7078 | &nbsp;&nbsp; $25821 |
| **Romania-0.13%** | **Romania-0.13%** | **Romania-0.13%** |
| NEPI Rockcastle N.V.<sup>(a)</sup> | 2348 | &nbsp;&nbsp; 18082 |
| **Russia-0.00%** | **Russia-0.00%** | **Russia-0.00%** |
| Alrosa PJSC<sup>(d)</sup> | 11439 | &nbsp;&nbsp; 0 |
| Gazprom PJSC<sup>(a)(d)</sup> | 43562 | &nbsp;&nbsp; 0 |
| Severstal PAO<sup>(d)</sup> | 1045 | &nbsp;&nbsp; 0 |
|  |  | &nbsp;&nbsp; 0 |
| **Saudi Arabia-0.52%** | **Saudi Arabia-0.52%** | **Saudi Arabia-0.52%** |
| ACWA Power Co.<sup>(a)</sup> | 917 | &nbsp;&nbsp; 53699 |
| Al Rajhi Co. for Cooperative Insurance<sup>(a)</sup> | 387 | &nbsp;&nbsp; 12238 |
| Astra Industrial Group Co. | 133 | &nbsp;&nbsp; 4958 |
|  |  | &nbsp;&nbsp; 70895 |
| **South Africa-1.47%** | **South Africa-1.47%** | **South Africa-1.47%** |
| Capitec Bank Holdings Ltd. | 479 | &nbsp;&nbsp; 93540 |
| Harmony Gold Mining Co. Ltd. | 2539 | &nbsp;&nbsp; 34247 |
| Mr Price Group Ltd. | 1216 | &nbsp;&nbsp; 14175 |
| Nedbank Group Ltd. | 1812 | &nbsp;&nbsp; 24911 |
| OUTsurance Group Ltd. | 4916 | &nbsp;&nbsp; 20984 |
| Pepkor Holdings Ltd.<sup>(c)</sup> | 7970 | &nbsp;&nbsp; 12058 |
|  |  | &nbsp;&nbsp; 199915 |
| **South Korea-8.81%** | **South Korea-8.81%** | **South Korea-8.81%** |
| Alteogen, Inc.<sup>(a)</sup> | 334 | &nbsp;&nbsp; 107743 |
| Coupang, Inc.<sup>(a)</sup> | 6026 | &nbsp;&nbsp; 177345 |
| Hanmi Semiconductor Co. Ltd. | 146 | &nbsp;&nbsp; 9470 |
| Hanwha Aerospace Co. Ltd. | 186 | &nbsp;&nbsp; 132702 |
| Hanwha Ocean Co. Ltd.<sup>(a)</sup> | 669 | &nbsp;&nbsp; 53780 |
| HD Hyundai Electric Co. Ltd. | 180 | &nbsp;&nbsp; 64055 |
| HD Hyundai Heavy Industries Co. Ltd. | 167 | &nbsp;&nbsp; 58610 |
| HD Hyundai Mipo Co. Ltd. | 102 | &nbsp;&nbsp; 15522 |
| &nbsp;&nbsp;&nbsp; HD Korea Shipbuilding & Offshore Engineering Co. <br> Ltd.<br>| 254 | &nbsp;&nbsp; 65274 |
| Hyundai Glovis Co. Ltd. | 225 | &nbsp;&nbsp; 23767 |
| Hyundai Motor Co., First Pfd. | 79 | &nbsp;&nbsp; 9146 |
| Hyundai Motor Co., Second Pfd. | 134 | &nbsp;&nbsp; 15858 |
| Hyundai Rotem Co. Ltd. | 363 | &nbsp;&nbsp; 52475 |
| Industrial Bank of Korea | 1012 | &nbsp;&nbsp; 14119 |
| KB Financial Group, Inc. | 1549 | &nbsp;&nbsp; 123065 |
| Krafton, Inc.<sup>(a)</sup> | 133 | &nbsp;&nbsp; 31316 |
| LIG Nex1 Co. Ltd. | 54 | &nbsp;&nbsp; 24316 |
| LS Electric Co. Ltd. | 108 | &nbsp;&nbsp; 23837 |
| Meritz Financial Group, Inc. | 394 | &nbsp;&nbsp; 32721 |
| NH Investment & Securities Co. Ltd. | 599 | &nbsp;&nbsp; 8684 |
| Rainbow Robotics<sup>(a)</sup> | 37 | &nbsp;&nbsp; 7294 |
| Samsung Heavy Industries Co. Ltd.<sup>(a)</sup> | 3252 | &nbsp;&nbsp; 44388 |
| Samyang Foods Co. Ltd. | 34 | &nbsp;&nbsp; 35133 |
| SK Square Co. Ltd.<sup>(a)</sup> | 320 | &nbsp;&nbsp; 34467 |
| SKC Co. Ltd.<sup>(a)</sup> | 71 | &nbsp;&nbsp; 5109 |
| Yuhan Corp. | 320 | &nbsp;&nbsp; 26946 |
|  |  | &nbsp;&nbsp; 1197142 |
| **Taiwan-21.02%** | **Taiwan-21.02%** | **Taiwan-21.02%** |
| Caliway Biopharmaceuticals Co. Ltd.<sup>(a)</sup> | 9500 | &nbsp;&nbsp; 39290 |
| Cathay Financial Holding Co. Ltd. | 51036 | &nbsp;&nbsp; 103442 |
| Chroma ATE, Inc. | 1881 | &nbsp;&nbsp; 26935 |
| CTBC Financial Holding Co. Ltd. | 87303 | &nbsp;&nbsp; 119962 |
| Delta Electronics, Inc. | 8049 | &nbsp;&nbsp; 151628 |
| Eva Airways Corp. | 13391 | &nbsp;&nbsp; 16885 |
| Fubon Financial Holding Co. Ltd. | 51368 | &nbsp;&nbsp; 140988 |
| Hon Hai Precision Industry Co. Ltd. | 59002 | &nbsp;&nbsp; 346960 |

---

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

------

**Invesco S&P Emerging Markets Momentum ETF (EEMO)—(continued)**

July 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Taiwan-(continued)** | **Taiwan-(continued)** | **Taiwan-(continued)** |
| Hua Nan Financial Holdings Co. Ltd. | 49033 | &nbsp;&nbsp; $46983 |
| International Games System Co. Ltd. | 1723 | &nbsp;&nbsp; 45052 |
| Jentech Precision Industrial Co. Ltd. | 359 | &nbsp;&nbsp; 17080 |
| KGI Financial Holding Co. Ltd. | 77445 | &nbsp;&nbsp; 39230 |
| Lotes Co. Ltd. | 413 | &nbsp;&nbsp; 19312 |
| MediaTek, Inc. | 5875 | &nbsp;&nbsp; 266047 |
| MiTAC Holdings Corp.<sup>(a)</sup> | 3308 | &nbsp;&nbsp; 8377 |
| PharmaEssentia Corp.<sup>(a)</sup> | 1906 | &nbsp;&nbsp; 31466 |
| Radiant Opto-Electronics Corp. | 1905 | &nbsp;&nbsp; 8756 |
| SinoPac Financial Holdings Co. Ltd. | 41262 | &nbsp;&nbsp; 34046 |
| Taiwan Business Bank | 24753 | &nbsp;&nbsp; 13300 |
| Taiwan Semiconductor Manufacturing Co. Ltd. | 34513 | &nbsp;&nbsp; 1328726 |
| Yuanta Financial Holding Co. Ltd. | 49449 | &nbsp;&nbsp; 51292 |
|  |  | &nbsp;&nbsp; 2855757 |
| **Thailand-1.57%** | **Thailand-1.57%** | **Thailand-1.57%** |
| Advanced Info Service PCL, NVDR | 4443 | &nbsp;&nbsp; 39475 |
| Delta Electronics Thailand PCL, NVDR | 17308 | &nbsp;&nbsp; 76613 |
| Kasikornbank PCL, NVDR | 6568 | &nbsp;&nbsp; 32478 |
| Krung Thai Bank PCL, NVDR | 20872 | &nbsp;&nbsp; 14033 |
| SCB X PCL, NVDR | 3919 | &nbsp;&nbsp; 15140 |
| True Corp. PCL, NVDR<sup>(a)</sup> | 114028 | &nbsp;&nbsp; 36177 |
|  |  | &nbsp;&nbsp; 213916 |
| **Turkey-1.17%** | **Turkey-1.17%** | **Turkey-1.17%** |
| Akbank T.A.S. | 12815 | &nbsp;&nbsp; 21248 |
| Aksa Akrilik Kimya Sanayii A.S. | 5275 | &nbsp;&nbsp; 1235 |
| Aselsan Elektronik Sanayi Ve Ticaret A.S. | 6012 | &nbsp;&nbsp; 27652 |
| BIM Birlesik Magazalar A.S. | 1561 | &nbsp;&nbsp; 20389 |
| Gubre Fabrikalari T.A.S.<sup>(a)</sup> | 358 | &nbsp;&nbsp; 2189 |
| Haci Omer Sabanci Holding A.S. | 4287 | &nbsp;&nbsp; 10044 |
| Migros Ticaret A.S. | 337 | &nbsp;&nbsp; 4346 |
| MLP Saglik Hizmetleri A.S.<sup>(a)(c)</sup> | 382 | &nbsp;&nbsp; 3590 |
| Pegasus Hava Tasimaciligi A.S.<sup>(a)</sup> | 841 | &nbsp;&nbsp; 5209 |
| TAV Havalimanlari Holding A.S.<sup>(a)</sup> | 1331 | &nbsp;&nbsp; 8043 |
| Turk Telekomunikasyon A.S.<sup>(a)</sup> | 1728 | &nbsp;&nbsp; 2316 |
| Turkcell Iletisim Hizmetleri A.S. | 5670 | &nbsp;&nbsp; 12999 |
| Turkiye Garanti Bankasi A.S. | 3944 | &nbsp;&nbsp; 13828 |
| Turkiye Halk Bankasi A.S.<sup>(a)</sup> | 2394 | &nbsp;&nbsp; 1652 |
| Turkiye Is Bankasi A.S., Class C | 26514 | &nbsp;&nbsp; 9653 |
| Turkiye Sigorta A.S. | 7664 | &nbsp;&nbsp; 1866 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Turkey-(continued)** | **Turkey-(continued)** | **Turkey-(continued)** |
| Turkiye Vakiflar Bankasi T.A.O.<sup>(a)</sup> | 5326 | &nbsp;&nbsp; $3771 |
| Yapi Ve Kredi Bankasi A.S.<sup>(a)</sup> | 10162 | &nbsp;&nbsp; 8405 |
|  |  | &nbsp;&nbsp; 158435 |
| **United Arab Emirates-3.27%** | **United Arab Emirates-3.27%** | **United Arab Emirates-3.27%** |
| Abu Dhabi Commercial Bank PJSC | 15114 | &nbsp;&nbsp; 66880 |
| Abu Dhabi Islamic Bank PJSC | 8429 | &nbsp;&nbsp; 55344 |
| ADNOC Drilling Co. PJSC, Class C | 13626 | &nbsp;&nbsp; 21662 |
| ADNOC Logistics & Services | 5621 | &nbsp;&nbsp; 7126 |
| Aldar Properties PJSC | 17789 | &nbsp;&nbsp; 45970 |
| Dubai Islamic Bank PJSC | 13371 | &nbsp;&nbsp; 36262 |
| Emaar Development PJSC | 5437 | &nbsp;&nbsp; 22188 |
| Emaar Properties PJSC | 42090 | &nbsp;&nbsp; 174305 |
| Salik Co. PJSC | 8288 | &nbsp;&nbsp; 14424 |
|  |  | &nbsp;&nbsp; 444161 |
| **United States-0.26%** | **United States-0.26%** | **United States-0.26%** |
| JBS N.V., BDR<sup>(a)</sup> | 1713 | &nbsp;&nbsp; 23519 |
| Titan S.A. | 288 | &nbsp;&nbsp; 11908 |
|  |  | &nbsp;&nbsp; 35427 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral from <br> securities on loan)-99.98% <br>(Cost $12,166,537) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral from <br> securities on loan)-99.98% <br>(Cost $12,166,537) | &nbsp;&nbsp; 13583797 |
| **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** |
| **Money Market Funds-2.05%** | **Money Market Funds-2.05%** | **Money Market Funds-2.05%** |
| Invesco Private Government Fund, 4.32%<sup>(e)(f)(g)</sup> | 77332 | &nbsp;&nbsp; 77332 |
| Invesco Private Prime Fund, 4.46%<sup>(e)(f)(g)</sup> | 200893 | &nbsp;&nbsp; 200933 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $278,265) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $278,265) | &nbsp;&nbsp; 278265 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-102.03% <br>(Cost $12,444,802) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-102.03% <br>(Cost $12,444,802) | &nbsp;&nbsp; 13862062 |
| OTHER ASSETS LESS LIABILITIES-(2.03)% | OTHER ASSETS LESS LIABILITIES-(2.03)% | &nbsp;&nbsp; (276149)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $13585913 |

---

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

------

**Invesco S&P Emerging Markets Momentum ETF (EEMO)—(continued)**

July 31, 2025

*(Unaudited)*

---

| |
|:---|
| Investment Abbreviations: |
| ADR-American Depositary Receipt |
| BDR-Brazilian Depositary Receipt |
| NVDR-Non-Voting Depositary Receipt |
| Pfd.-Preferred |

---

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

---

| | |
|:---|:---|
| Notes to Schedule of Investments: | Notes to Schedule of Investments: |
| <sup>(a)</sup> | Non-income producing security. |
| <sup>(b)</sup> | All or a portion of this security was out on loan at July 31, 2025. |
| <sup>(c)</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 aggregate value of these securities at <br> July 31, 2025 was $1,686,112, which represented 12.41% of the Fund's Net Assets.<br>|
| <sup>(d)</sup> | Security valued using significant unobservable inputs (Level 3). See Note 1. |
| <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 July 31, 2025.<br>|

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**October 31, 2024**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Value** <br>**July 31, 2025**<br>| **Dividend Income** |
| **Investments in Affiliated Money** <br> **Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & Agency <br> Portfolio, Institutional Class<br>| &nbsp;&nbsp;&nbsp; $125162 | &nbsp;&nbsp;&nbsp; $1035803 | &nbsp;&nbsp;&nbsp; $(1160965)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $1715 |
| **Investments Purchased with** <br> **Cash Collateral from Securities** <br> **on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private Government <br> Fund<br>| &nbsp;&nbsp;&nbsp; 13135 | &nbsp;&nbsp;&nbsp; 1118362 | &nbsp;&nbsp;&nbsp; (1054165)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 77332 | &nbsp;&nbsp;&nbsp; 1,944<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp; 34752 | &nbsp;&nbsp;&nbsp; 2748892 | &nbsp;&nbsp;&nbsp; (2582698)<br>| &nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp; (17)<br>| &nbsp;&nbsp;&nbsp; 200933 | &nbsp;&nbsp;&nbsp; 5,179<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $173049 | &nbsp;&nbsp;&nbsp; $4903057 | &nbsp;&nbsp;&nbsp; $(4797828)<br>| &nbsp;&nbsp;&nbsp; $4 | &nbsp;&nbsp;&nbsp; $(17)<br>| &nbsp;&nbsp;&nbsp; $278265 | &nbsp;&nbsp;&nbsp; $8838 |

---

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

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

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

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

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

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

------

Schedule of Investments

**Invesco S&P International Developed Low Volatility ETF (IDLV)**

July 31, 2025

*(Unaudited)*

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks & Other Equity Interests-99.66%** | **Common Stocks & Other Equity Interests-99.66%** | **Common Stocks & Other Equity Interests-99.66%** |
| **Australia-12.86%** | **Australia-12.86%** | **Australia-12.86%** |
| ANZ Group Holdings Ltd. | 94227 | &nbsp;&nbsp; $1852517 |
| APA Group | 314432 | &nbsp;&nbsp; 1694295 |
| ASX Ltd. | 37056 | &nbsp;&nbsp; 1664105 |
| Atlas Arteria Ltd. | 511653 | &nbsp;&nbsp; 1693240 |
| Aurizon Holdings Ltd.<sup>(a)</sup> | 1077578 | &nbsp;&nbsp; 2241044 |
| Brambles Ltd. | 113843 | &nbsp;&nbsp; 1744988 |
| Cleanaway Waste Management Ltd. | 1149263 | &nbsp;&nbsp; 2121956 |
| Coles Group Ltd. | 166012 | &nbsp;&nbsp; 2214406 |
| Commonwealth Bank of Australia | 14534 | &nbsp;&nbsp; 1653120 |
| CSL Ltd. | 12411 | &nbsp;&nbsp; 2150917 |
| Lottery Corp. Ltd. (The) | 660260 | &nbsp;&nbsp; 2294311 |
| Medibank Pvt. Ltd. | 569146 | &nbsp;&nbsp; 1863674 |
| National Australia Bank Ltd. | 66456 | &nbsp;&nbsp; 1652295 |
| Orica Ltd. | 137303 | &nbsp;&nbsp; 1878519 |
| Rio Tinto PLC | 28711 | &nbsp;&nbsp; 1713508 |
| Scentre Group | 791644 | &nbsp;&nbsp; 1898132 |
| Sonic Healthcare Ltd. | 104254 | &nbsp;&nbsp; 1844444 |
| Stockland | 466408 | &nbsp;&nbsp; 1656639 |
| Telstra Group Ltd. | 876218 | &nbsp;&nbsp; 2797793 |
| TPG Telecom Ltd. | 495394 | &nbsp;&nbsp; 1760438 |
| Transurban Group | 258203 | &nbsp;&nbsp; 2289318 |
| Vicinity Ltd. | 1052023 | &nbsp;&nbsp; 1659504 |
| Washington H Soul Pattinson & Co. Ltd.<sup>(a)</sup> | 92662 | &nbsp;&nbsp; 2411859 |
| Wesfarmers Ltd. | 32820 | &nbsp;&nbsp; 1798592 |
| Westpac Banking Corp. | 81721 | &nbsp;&nbsp; 1767663 |
| Woolworths Group Ltd. | 96390 | &nbsp;&nbsp; 1949565 |
|  |  | &nbsp;&nbsp; 50266842 |
| **Belgium-1.86%** | **Belgium-1.86%** | **Belgium-1.86%** |
| Ackermans & van Haaren N.V. | 6996 | &nbsp;&nbsp; 1721133 |
| Ageas S.A./N.V. | 31796 | &nbsp;&nbsp; 2168230 |
| Anheuser-Busch InBev S.A./N.V. | 24134 | &nbsp;&nbsp; 1391602 |
| Groupe Bruxelles Lambert N.V. | 23756 | &nbsp;&nbsp; 1991835 |
|  |  | &nbsp;&nbsp; 7272800 |
| **Canada-18.78%** | **Canada-18.78%** | **Canada-18.78%** |
| Bank of Montreal<sup>(a)</sup> | 17091 | &nbsp;&nbsp; 1890635 |
| Bank of Nova Scotia (The) | 44130 | &nbsp;&nbsp; 2460657 |
| Canadian Imperial Bank of Commerce | 31245 | &nbsp;&nbsp; 2238033 |
| Canadian National Railway Co. | 16623 | &nbsp;&nbsp; 1555592 |
| Canadian Tire Corp. Ltd., Class A<sup>(a)</sup> | 13299 | &nbsp;&nbsp; 1785128 |
| CCL Industries, Inc., Class B | 29709 | &nbsp;&nbsp; 1664288 |
| CGI, Inc., Class A | 16441 | &nbsp;&nbsp; 1588506 |
| Choice Properties REIT<sup>(a)</sup> | 210576 | &nbsp;&nbsp; 2161277 |
| Dollarama, Inc. | 12051 | &nbsp;&nbsp; 1650731 |
| Element Fleet Management Corp. | 73375 | &nbsp;&nbsp; 1912723 |
| Emera, Inc.<sup>(a)</sup> | 51209 | &nbsp;&nbsp; 2409792 |
| Empire Co. Ltd., Class A | 50057 | &nbsp;&nbsp; 1997863 |
| Enbridge, Inc. | 51391 | &nbsp;&nbsp; 2332491 |
| FirstService Corp. | 10244 | &nbsp;&nbsp; 2023682 |
| Fortis, Inc.<sup>(a)</sup> | 53291 | &nbsp;&nbsp; 2613381 |
| George Weston Ltd. | 10848 | &nbsp;&nbsp; 2065871 |
| Great-West Lifeco, Inc. | 50914 | &nbsp;&nbsp; 1916065 |
| Hydro One Ltd.<sup>(b)</sup> | 67763 | &nbsp;&nbsp; 2401640 |
| IGM Financial, Inc. | 58286 | &nbsp;&nbsp; 1934224 |
| Intact Financial Corp. | 9636 | &nbsp;&nbsp; 1996131 |
| Loblaw Cos. Ltd. | 12977 | &nbsp;&nbsp; 2103183 |
| Metro, Inc. | 30049 | &nbsp;&nbsp; 2302768 |
| National Bank of Canada | 19481 | &nbsp;&nbsp; 2030882 |
| Pembina Pipeline Corp.<sup>(a)</sup> | 51515 | &nbsp;&nbsp; 1918934 |
| Power Corp. of Canada | 54707 | &nbsp;&nbsp; 2209568 |
| Quebecor, Inc., Class B | 74437 | &nbsp;&nbsp; 2098697 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Canada-(continued)** | **Canada-(continued)** | **Canada-(continued)** |
| Rogers Communications, Inc., Class B | 65660 | &nbsp;&nbsp; $2197928 |
| Royal Bank of Canada | 17766 | &nbsp;&nbsp; 2284631 |
| Saputo, Inc. | 86340 | &nbsp;&nbsp; 1814792 |
| Sun Life Financial, Inc. | 31317 | &nbsp;&nbsp; 1913609 |
| TC Energy Corp. | 38796 | &nbsp;&nbsp; 1856528 |
| TELUS Corp. | 117051 | &nbsp;&nbsp; 1889681 |
| Thomson Reuters Corp.<sup>(a)</sup> | 10192 | &nbsp;&nbsp; 2049974 |
| TMX Group Ltd. | 47971 | &nbsp;&nbsp; 1954856 |
| Toromont Industries Ltd.<sup>(a)</sup> | 20892 | &nbsp;&nbsp; 2122974 |
| Toronto-Dominion Bank (The) | 28361 | &nbsp;&nbsp; 2070227 |
|  |  | &nbsp;&nbsp; 73417942 |
| **China-0.48%** | **China-0.48%** | **China-0.48%** |
| Wilmar International Ltd. | 820946 | &nbsp;&nbsp; 1859599 |
| **Denmark-0.47%** | **Denmark-0.47%** | **Denmark-0.47%** |
| Tryg A/S | 76063 | &nbsp;&nbsp; 1840668 |
| **Finland-1.50%** | **Finland-1.50%** | **Finland-1.50%** |
| Elisa OYJ | 38392 | &nbsp;&nbsp; 1981173 |
| Kone OYJ, Class B | 29517 | &nbsp;&nbsp; 1817916 |
| Sampo OYJ | 192272 | &nbsp;&nbsp; 2069846 |
|  |  | &nbsp;&nbsp; 5868935 |
| **France-5.21%** | **France-5.21%** | **France-5.21%** |
| Air Liquide S.A. | 9121 | &nbsp;&nbsp; 1799703 |
| AXA S.A. | 36659 | &nbsp;&nbsp; 1785726 |
| Bollore SE | 292996 | &nbsp;&nbsp; 1694982 |
| Bouygues S.A. | 42865 | &nbsp;&nbsp; 1770215 |
| Credit Agricole S.A. | 96573 | &nbsp;&nbsp; 1782599 |
| Danone S.A. | 27189 | &nbsp;&nbsp; 2231596 |
| ENGIE S.A. | 88415 | &nbsp;&nbsp; 1993248 |
| Orange S.A. | 152283 | &nbsp;&nbsp; 2323190 |
| TotalEnergies SE | 28158 | &nbsp;&nbsp; 1679346 |
| Veolia Environnement S.A. | 48980 | &nbsp;&nbsp; 1664761 |
| Vinci S.A. | 11861 | &nbsp;&nbsp; 1652435 |
|  |  | &nbsp;&nbsp; 20377801 |
| **Germany-3.22%** | **Germany-3.22%** | **Germany-3.22%** |
| Allianz SE | 4960 | &nbsp;&nbsp; 1965837 |
| Beiersdorf AG | 13746 | &nbsp;&nbsp; 1713124 |
| Deutsche Boerse AG | 6020 | &nbsp;&nbsp; 1747227 |
| Deutsche Telekom AG | 52160 | &nbsp;&nbsp; 1876259 |
| E.ON SE | 102644 | &nbsp;&nbsp; 1878058 |
| Henkel AG & Co. KGaA, Preference Shares<sup>(a)</sup> | 24521 | &nbsp;&nbsp; 1895115 |
| Symrise AG | 16383 | &nbsp;&nbsp; 1489435 |
|  |  | &nbsp;&nbsp; 12565055 |
| **Hong Kong-4.17%** | **Hong Kong-4.17%** | **Hong Kong-4.17%** |
| CLP Holdings Ltd. | 287159 | &nbsp;&nbsp; 2492477 |
| &nbsp;&nbsp;&nbsp; HK Electric Investments & HK Electric <br> Investments Ltd.<br>| 4669883 | &nbsp;&nbsp; 3640379 |
| HKT Trust & HKT Ltd.<sup>(a)</sup> | 1509698 | &nbsp;&nbsp; 2377136 |
| Hong Kong & China Gas Co. Ltd. (The) | 2316531 | &nbsp;&nbsp; 2067650 |
| MTR Corp. Ltd.<sup>(a)</sup> | 485901 | &nbsp;&nbsp; 1747918 |
| Power Assets Holdings Ltd. | 293856 | &nbsp;&nbsp; 1934777 |
| Sino Land Co. Ltd. | 1781635 | &nbsp;&nbsp; 2053690 |
|  |  | &nbsp;&nbsp; 16314027 |
| **Ireland-0.37%** | **Ireland-0.37%** | **Ireland-0.37%** |
| Kerry Group PLC, Class A | 15733 | &nbsp;&nbsp; 1457525 |
| **Israel-2.09%** | **Israel-2.09%** | **Israel-2.09%** |
| Bank Hapoalim B.M. | 103659 | &nbsp;&nbsp; 1946676 |
| First International Bank of Israel Ltd. (The) | 30074 | &nbsp;&nbsp; 2091823 |

---

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

------

**Invesco S&P International Developed Low Volatility ETF (IDLV)—(continued)**

July 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Israel-(continued)** | **Israel-(continued)** | **Israel-(continued)** |
| Melisron Ltd. | 19434 | &nbsp;&nbsp; $2240747 |
| Mizrahi Tefahot Bank Ltd. | 30525 | &nbsp;&nbsp; 1888314 |
|  |  | &nbsp;&nbsp; 8167560 |
| **Italy-3.42%** | **Italy-3.42%** | **Italy-3.42%** |
| Assicurazioni Generali S.p.A. | 49692 | &nbsp;&nbsp; 1859243 |
| Enel S.p.A. | 210681 | &nbsp;&nbsp; 1863301 |
| Eni S.p.A.<sup>(a)</sup> | 111509 | &nbsp;&nbsp; 1908751 |
| Infrastrutture Wireless Italiane S.p.A.<sup>(a)(b)</sup> | 151781 | &nbsp;&nbsp; 1799670 |
| Poste Italiane S.p.A.<sup>(b)</sup> | 94109 | &nbsp;&nbsp; 2039187 |
| Snam S.p.A. | 335433 | &nbsp;&nbsp; 1949632 |
| Terna S.p.A. | 200662 | &nbsp;&nbsp; 1947297 |
|  |  | &nbsp;&nbsp; 13367081 |
| **Japan-13.44%** | **Japan-13.44%** | **Japan-13.44%** |
| Advance Residence Investment Corp.<sup>(a)</sup> | 2413 | &nbsp;&nbsp; 2493709 |
| ANA Holdings, Inc.<sup>(a)</sup> | 97823 | &nbsp;&nbsp; 1817565 |
| Daito Trust Construction Co. Ltd. | 18735 | &nbsp;&nbsp; 1921934 |
| Daiwa House REIT Investment Corp. | 1593 | &nbsp;&nbsp; 2669411 |
| GLP J-Reit | 2571 | &nbsp;&nbsp; 2257547 |
| Haseko Corp. | 116417 | &nbsp;&nbsp; 1735426 |
| Invincible Investment Corp. | 4011 | &nbsp;&nbsp; 1787585 |
| Japan Metropolitan Fund Investment Corp. | 3410 | &nbsp;&nbsp; 2485199 |
| Japan Real Estate Investment Corp. | 2735 | &nbsp;&nbsp; 2222870 |
| KDDI Corp. | 105501 | &nbsp;&nbsp; 1734951 |
| KDX Realty Investment Corp. | 1943 | &nbsp;&nbsp; 2092302 |
| Kirin Holdings Co. Ltd. | 137257 | &nbsp;&nbsp; 1812394 |
| McDonald's Holdings Co. (Japan) Ltd.<sup>(a)</sup> | 47105 | &nbsp;&nbsp; 1884869 |
| MEIJI Holdings Co. Ltd. | 82131 | &nbsp;&nbsp; 1664135 |
| Nippon Building Fund, Inc. | 2449 | &nbsp;&nbsp; 2251090 |
| Nippon Prologis REIT, Inc. | 3345 | &nbsp;&nbsp; 1808830 |
| Nisshin Seifun Group, Inc. | 156549 | &nbsp;&nbsp; 1818367 |
| Nomura Real Estate Master Fund, Inc. | 2245 | &nbsp;&nbsp; 2369196 |
| NTT, Inc.<sup>(a)</sup> | 1912121 | &nbsp;&nbsp; 1934891 |
| OBIC Co. Ltd. | 46804 | &nbsp;&nbsp; 1669720 |
| ORIX JREIT, Inc. | 1941 | &nbsp;&nbsp; 2542480 |
| SoftBank Corp. | 1314141 | &nbsp;&nbsp; 1902568 |
| Takeda Pharmaceutical Co. Ltd. | 56562 | &nbsp;&nbsp; 1556895 |
| Tokyu Corp. | 144298 | &nbsp;&nbsp; 1627614 |
| United Urban Investment Corp. | 2308 | &nbsp;&nbsp; 2539270 |
| Yamada Holdings Co. Ltd. | 634938 | &nbsp;&nbsp; 1939037 |
|  |  | &nbsp;&nbsp; 52539855 |
| **Netherlands-1.91%** | **Netherlands-1.91%** | **Netherlands-1.91%** |
| EXOR N.V. | 17745 | &nbsp;&nbsp; 1715222 |
| Koninklijke Ahold Delhaize N.V. | 49207 | &nbsp;&nbsp; 1949208 |
| Koninklijke KPN N.V. | 496070 | &nbsp;&nbsp; 2222701 |
| Wolters Kluwer N.V. | 10018 | &nbsp;&nbsp; 1564975 |
|  |  | &nbsp;&nbsp; 7452106 |
| **Norway-3.26%** | **Norway-3.26%** | **Norway-3.26%** |
| DNB Bank ASA | 67815 | &nbsp;&nbsp; 1723245 |
| Gjensidige Forsikring ASA | 69070 | &nbsp;&nbsp; 1824779 |
| Mowi ASA | 92742 | &nbsp;&nbsp; 1735145 |
| Orkla ASA | 163238 | &nbsp;&nbsp; 1724163 |
| SpareBank 1 Sør-Norge ASA, Class B | 98364 | &nbsp;&nbsp; 1730365 |
| Storebrand ASA | 132129 | &nbsp;&nbsp; 1884518 |
| Telenor ASA | 138093 | &nbsp;&nbsp; 2127784 |
|  |  | &nbsp;&nbsp; 12749999 |
| **Singapore-6.97%** | **Singapore-6.97%** | **Singapore-6.97%** |
| CapitaLand Ascendas REIT | 1052494 | &nbsp;&nbsp; 2255348 |
| CapitaLand Integrated Commercial Trust | 1366384 | &nbsp;&nbsp; 2308956 |
| City Developments Ltd. | 492900 | &nbsp;&nbsp; 2335363 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Singapore-(continued)** | **Singapore-(continued)** | **Singapore-(continued)** |
| Genting Singapore Ltd. | 3218452 | &nbsp;&nbsp; $1816947 |
| Jardine Cycle & Carriage Ltd. | 110367 | &nbsp;&nbsp; 2236720 |
| Keppel Ltd. | 321699 | &nbsp;&nbsp; 2091719 |
| Mapletree Industrial Trust | 1334666 | &nbsp;&nbsp; 2082294 |
| Mapletree Pan Asia Commercial Trust<sup>(a)</sup> | 1953275 | &nbsp;&nbsp; 1937076 |
| Oversea-Chinese Banking Corp. Ltd. | 151106 | &nbsp;&nbsp; 1959793 |
| Singapore Airlines Ltd. | 375655 | &nbsp;&nbsp; 1963697 |
| Singapore Telecommunications Ltd. | 569728 | &nbsp;&nbsp; 1699248 |
| United Overseas Bank Ltd. | 66768 | &nbsp;&nbsp; 1856499 |
| UOL Group Ltd. | 509590 | &nbsp;&nbsp; 2695973 |
|  |  | &nbsp;&nbsp; 27239633 |
| **Spain-1.91%** | **Spain-1.91%** | **Spain-1.91%** |
| Aena S.M.E. S.A.<sup>(b)</sup> | 71136 | &nbsp;&nbsp; 1921183 |
| Endesa S.A. | 57336 | &nbsp;&nbsp; 1666491 |
| Iberdrola S.A. | 110466 | &nbsp;&nbsp; 1947294 |
| Telefonica S.A.<sup>(a)</sup> | 368985 | &nbsp;&nbsp; 1909848 |
|  |  | &nbsp;&nbsp; 7444816 |
| **Sweden-4.11%** | **Sweden-4.11%** | **Sweden-4.11%** |
| Alfa Laval AB | 40669 | &nbsp;&nbsp; 1772304 |
| Assa Abloy AB, Class B | 53140 | &nbsp;&nbsp; 1763722 |
| Essity AB, Class B | 66929 | &nbsp;&nbsp; 1655284 |
| Holmen AB, Class B<sup>(a)</sup> | 46337 | &nbsp;&nbsp; 1727386 |
| Industrivarden AB, Class C<sup>(a)</sup> | 49857 | &nbsp;&nbsp; 1846759 |
| Investor AB, Class B | 58675 | &nbsp;&nbsp; 1705504 |
| L E Lundbergforetagen AB, Class B<sup>(a)</sup> | 37478 | &nbsp;&nbsp; 1833586 |
| Tele2 AB, Class B | 128050 | &nbsp;&nbsp; 1985000 |
| Telia Co. AB<sup>(a)</sup> | 504798 | &nbsp;&nbsp; 1788180 |
|  |  | &nbsp;&nbsp; 16077725 |
| **Switzerland-3.91%** | **Switzerland-3.91%** | **Switzerland-3.91%** |
| &nbsp;&nbsp;&nbsp; Chocoladefabriken Lindt & Spruengli AG, <br> PC<sup>(a)</sup><br>| 112 | &nbsp;&nbsp; 1647990 |
| EMS-Chemie Holding AG | 2476 | &nbsp;&nbsp; 1948576 |
| Givaudan S.A. | 346 | &nbsp;&nbsp; 1446757 |
| Nestle S.A. | 19315 | &nbsp;&nbsp; 1688104 |
| Schindler Holding AG, PC | 5139 | &nbsp;&nbsp; 1858905 |
| Swiss Life Holding AG | 2013 | &nbsp;&nbsp; 2085575 |
| Swisscom AG | 3801 | &nbsp;&nbsp; 2641718 |
| Zurich Insurance Group AG | 2863 | &nbsp;&nbsp; 1953352 |
|  |  | &nbsp;&nbsp; 15270977 |
| **United Kingdom-7.88%** | **United Kingdom-7.88%** | **United Kingdom-7.88%** |
| Admiral Group PLC | 39425 | &nbsp;&nbsp; 1780777 |
| Auto Trader Group PLC<sup>(b)</sup> | 154953 | &nbsp;&nbsp; 1714148 |
| Aviva PLC | 215331 | &nbsp;&nbsp; 1843552 |
| Berkeley Group Holdings PLC (The) | 30053 | &nbsp;&nbsp; 1448260 |
| British American Tobacco PLC | 36860 | &nbsp;&nbsp; 1978900 |
| Coca-Cola Europacific Partners PLC | 20551 | &nbsp;&nbsp; 1991803 |
| Compass Group PLC | 52798 | &nbsp;&nbsp; 1859088 |
| Haleon PLC | 354108 | &nbsp;&nbsp; 1664402 |
| Imperial Brands PLC | 51320 | &nbsp;&nbsp; 2004513 |
| London Stock Exchange Group PLC | 11818 | &nbsp;&nbsp; 1443502 |
| National Grid PLC | 125769 | &nbsp;&nbsp; 1770931 |
| Pearson PLC | 141035 | &nbsp;&nbsp; 1998448 |
| RELX PLC | 36903 | &nbsp;&nbsp; 1921442 |
| Shell PLC | 50782 | &nbsp;&nbsp; 1828488 |
| SSE PLC | 70580 | &nbsp;&nbsp; 1733612 |
| Tesco PLC | 331509 | &nbsp;&nbsp; 1866366 |
| Unilever PLC | 33328 | &nbsp;&nbsp; 1937661 |
|  |  | &nbsp;&nbsp; 30785893 |

---

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

------

**Invesco S&P International Developed Low Volatility ETF (IDLV)—(continued)**

July 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **United States-1.84%** | **United States-1.84%** | **United States-1.84%** |
| Ferrovial SE | 33013 | &nbsp;&nbsp; $1697313 |
| Novartis AG | 15196 | &nbsp;&nbsp; 1731054 |
| Sanofi S.A. | 17548 | &nbsp;&nbsp; 1579922 |
| Waste Connections, Inc. | 11685 | &nbsp;&nbsp; 2186812 |
|  |  | &nbsp;&nbsp; 7195101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $360,178,832) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $360,178,832) | &nbsp;&nbsp; 389531940 |
| **Money Market Funds-0.01%** | **Money Market Funds-0.01%** | **Money Market Funds-0.01%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 4.25%<sup>(c)(d)</sup> <br>(Cost $34,342)<br>| 34342 | &nbsp;&nbsp; 34342 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.67% <br>(Cost $360,213,174) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.67% <br>(Cost $360,213,174) | &nbsp;&nbsp; 389566282 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** |
| **Money Market Funds-7.86%** | **Money Market Funds-7.86%** | **Money Market Funds-7.86%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 4.32%<sup>(c)(d)(e)</sup><br>| 8525746 | &nbsp;&nbsp; $8525746 |
| Invesco Private Prime Fund, 4.46%<sup>(c)(d)(e)</sup> | 22194792 | &nbsp;&nbsp; 22199231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $30,725,086) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $30,725,086) | &nbsp;&nbsp; 30724977 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-107.53% <br>(Cost $390,938,260) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-107.53% <br>(Cost $390,938,260) | &nbsp;&nbsp; 420291259 |
| OTHER ASSETS LESS LIABILITIES-(7.53)% | OTHER ASSETS LESS LIABILITIES-(7.53)% | &nbsp;&nbsp; (29423040)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $390868219 |

---

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

Investment Abbreviations: <br> PC-Participation Certificate <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> | All or a portion of this security was out on loan at July 31, 2025. |
| <sup>(b)</sup> | Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the "1933 Act"). The security may be <br> resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at <br> July 31, 2025 was $9,875,828, which represented 2.53% of the Fund's Net Assets.<br>|
| <sup>(c)</sup> | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in <br> which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund's transactions in, and earnings from, its investments in <br> affiliates for the nine months ended July 31, 2025.<br>|

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**October 31, 2024**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Value** <br>**July 31, 2025**<br>| **Dividend Income** |
| **Investments in Affiliated** <br> **Money Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & <br> Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $9736106 | &nbsp;&nbsp;&nbsp; $(9701764)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $34342 | &nbsp;&nbsp;&nbsp; $12381 |
| **Investments Purchased** <br> **with Cash Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; 5055427 | &nbsp;&nbsp;&nbsp; 59314750 | &nbsp;&nbsp;&nbsp; (55844431)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 8525746 | &nbsp;&nbsp;&nbsp; 251,932<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp; 13130209 | &nbsp;&nbsp;&nbsp; 111037636 | &nbsp;&nbsp;&nbsp; (101967025)<br>| &nbsp;&nbsp;&nbsp; 757 | &nbsp;&nbsp;&nbsp; (2346)<br>| &nbsp;&nbsp;&nbsp; 22199231 | &nbsp;&nbsp;&nbsp; 679,071<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $18185636 | &nbsp;&nbsp;&nbsp; $180088492 | &nbsp;&nbsp;&nbsp; $(167513220)<br>| &nbsp;&nbsp;&nbsp; $757 | &nbsp;&nbsp;&nbsp; $(2346)<br>| &nbsp;&nbsp;&nbsp; $30759319 | &nbsp;&nbsp;&nbsp; $943384 |

---

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

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

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

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

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

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

------

Schedule of Investments

**Invesco S&P International Developed Momentum ETF (IDMO)**

July 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%** |
| **Australia-8.58%** | **Australia-8.58%** | **Australia-8.58%** |
| Aristocrat Leisure Ltd. | 139431 | &nbsp;&nbsp; $6254948 |
| Brambles Ltd. | 201673 | &nbsp;&nbsp; 3091248 |
| Coles Group Ltd. | 207428 | &nbsp;&nbsp; 2766847 |
| Commonwealth Bank of Australia | 290776 | &nbsp;&nbsp; 33073322 |
| Computershare Ltd. | 87716 | &nbsp;&nbsp; 2365672 |
| Evolution Mining Ltd. | 352074 | &nbsp;&nbsp; 1596365 |
| Goodman Group | 272787 | &nbsp;&nbsp; 6110490 |
| Insurance Australia Group Ltd. | 514830 | &nbsp;&nbsp; 2895355 |
| JB Hi-Fi Ltd.<sup>(a)</sup> | 26326 | &nbsp;&nbsp; 1878493 |
| Macquarie Group Ltd. | 49718 | &nbsp;&nbsp; 6898077 |
| National Australia Bank Ltd. | 414367 | &nbsp;&nbsp; 10302405 |
| Pro Medicus Ltd. | 16306 | &nbsp;&nbsp; 3354765 |
| Qantas Airways Ltd. | 152589 | &nbsp;&nbsp; 1060233 |
| QBE Insurance Group Ltd. | 234359 | &nbsp;&nbsp; 3483025 |
| SGH Ltd. | 24213 | &nbsp;&nbsp; 793422 |
| Suncorp Group Ltd. | 228716 | &nbsp;&nbsp; 3071611 |
| Technology One Ltd. | 86521 | &nbsp;&nbsp; 2267490 |
| Wesfarmers Ltd. | 164665 | &nbsp;&nbsp; 9023922 |
| Westpac Banking Corp. | 688428 | &nbsp;&nbsp; 14891013 |
|  |  | &nbsp;&nbsp; 115178703 |
| **Austria-0.69%** | **Austria-0.69%** | **Austria-0.69%** |
| BAWAG Group AG<sup>(b)(c)</sup> | 23326 | &nbsp;&nbsp; 2952561 |
| Erste Group Bank AG | 69006 | &nbsp;&nbsp; 6328709 |
|  |  | &nbsp;&nbsp; 9281270 |
| **Belgium-0.72%** | **Belgium-0.72%** | **Belgium-0.72%** |
| Ageas S.A./N.V. | 26397 | &nbsp;&nbsp; 1800062 |
| UCB S.A. | 36395 | &nbsp;&nbsp; 7842609 |
|  |  | &nbsp;&nbsp; 9642671 |
| **Cameroon-0.07%** | **Cameroon-0.07%** | **Cameroon-0.07%** |
| Golar LNG Ltd.<sup>(a)</sup> | 22603 | &nbsp;&nbsp; 930339 |
| **Canada-15.74%** | **Canada-15.74%** | **Canada-15.74%** |
| Agnico Eagle Mines Ltd. | 140325 | &nbsp;&nbsp; 17458539 |
| Alamos Gold, Inc., Class A<sup>(a)</sup> | 87647 | &nbsp;&nbsp; 2134516 |
| AtkinsRealis Group, Inc. | 26412 | &nbsp;&nbsp; 1874277 |
| Bank of Nova Scotia (The) | 182787 | &nbsp;&nbsp; 10192073 |
| &nbsp;&nbsp;&nbsp; Brookfield Asset Management Ltd., <br> Class A<br>| 77616 | &nbsp;&nbsp; 4796580 |
| Brookfield Corp. | 303593 | &nbsp;&nbsp; 20380070 |
| Canadian Imperial Bank of Commerce | 248627 | &nbsp;&nbsp; 17808782 |
| Descartes Systems Group, Inc. (The)<sup>(c)</sup> | 12779 | &nbsp;&nbsp; 1353092 |
| Dollarama, Inc. | 39600 | &nbsp;&nbsp; 5424359 |
| Enbridge, Inc. | 532756 | &nbsp;&nbsp; 24180275 |
| Fairfax Financial Holdings Ltd. | 3014 | &nbsp;&nbsp; 5342729 |
| George Weston Ltd. | 8922 | &nbsp;&nbsp; 1699087 |
| iA Financial Corp., Inc. | 15380 | &nbsp;&nbsp; 1508799 |
| IGM Financial, Inc. | 13158 | &nbsp;&nbsp; 436649 |
| Intact Financial Corp. | 23732 | &nbsp;&nbsp; 4916166 |
| Kinross Gold Corp. | 288978 | &nbsp;&nbsp; 4633932 |
| Loblaw Cos. Ltd. | 26005 | &nbsp;&nbsp; 4214633 |
| Manulife Financial Corp. | 354636 | &nbsp;&nbsp; 10996525 |
| Metro, Inc. | 33715 | &nbsp;&nbsp; 2583707 |
| National Bank of Canada<sup>(a)</sup> | 62797 | &nbsp;&nbsp; 6546549 |
| Pan American Silver Corp. | 57979 | &nbsp;&nbsp; 1569675 |
| Pembina Pipeline Corp.<sup>(a)</sup> | 75961 | &nbsp;&nbsp; 2829548 |
| Royal Bank of Canada | 322202 | &nbsp;&nbsp; 41433795 |
| Sun Life Financial, Inc. | 80418 | &nbsp;&nbsp; 4913900 |
| TC Energy Corp. | 206519 | &nbsp;&nbsp; 9882678 |
| TMX Group Ltd.<sup>(a)</sup> | 52272 | &nbsp;&nbsp; 2130125 |
|  |  | &nbsp;&nbsp; 211241060 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **China-0.21%** | **China-0.21%** | **China-0.21%** |
| BOC Hong Kong (Holdings) Ltd. | 621797 | &nbsp;&nbsp; $2792029 |
| **Finland-0.06%** | **Finland-0.06%** | **Finland-0.06%** |
| Amer Sports, Inc.<sup>(c)</sup> | 23159 | &nbsp;&nbsp; 869389 |
| **France-3.25%** | **France-3.25%** | **France-3.25%** |
| Cie de Saint-Gobain S.A. | 74398 | &nbsp;&nbsp; 8559784 |
| EssilorLuxottica S.A.<sup>(a)</sup> | 59559 | &nbsp;&nbsp; 17762134 |
| Safran S.A. | 52115 | &nbsp;&nbsp; 17235449 |
|  |  | &nbsp;&nbsp; 43557367 |
| **Germany-17.22%** | **Germany-17.22%** | **Germany-17.22%** |
| adidas AG | 23650 | &nbsp;&nbsp; 4533473 |
| Allianz SE | 70648 | &nbsp;&nbsp; 28000504 |
| Commerzbank AG | 189456 | &nbsp;&nbsp; 6928960 |
| Deutsche Bank AG | 330537 | &nbsp;&nbsp; 10918707 |
| Deutsche Boerse AG | 31128 | &nbsp;&nbsp; 9034498 |
| Deutsche Telekom AG | 862794 | &nbsp;&nbsp; 31035753 |
| Fresenius SE & Co. KGaA | 67691 | &nbsp;&nbsp; 3240424 |
| Heidelberg Materials AG | 27440 | &nbsp;&nbsp; 6348849 |
| MTU Aero Engines AG | 10457 | &nbsp;&nbsp; 4523962 |
| &nbsp;&nbsp;&nbsp; Muenchener Rueckversicherungs-<br> Gesellschaft AG in Muenchen, Class R<br>| 20140 | &nbsp;&nbsp; 13223784 |
| Rheinmetall AG | 12654 | &nbsp;&nbsp; 25122112 |
| SAP SE | 238291 | &nbsp;&nbsp; 68340746 |
| Siemens Energy AG, Class A<sup>(c)</sup> | 170583 | &nbsp;&nbsp; 19807874 |
|  |  | &nbsp;&nbsp; 231059646 |
| **Hong Kong-0.09%** | **Hong Kong-0.09%** | **Hong Kong-0.09%** |
| Cathay Pacific Airways Ltd. | 159438 | &nbsp;&nbsp; 236975 |
| Hongkong Land Holdings Ltd. | 151428 | &nbsp;&nbsp; 914736 |
|  |  | &nbsp;&nbsp; 1151711 |
| **Ireland-0.14%** | **Ireland-0.14%** | **Ireland-0.14%** |
| AIB Group PLC | 244937 | &nbsp;&nbsp; 1937896 |
| **Israel-1.96%** | **Israel-1.96%** | **Israel-1.96%** |
| Bank Hapoalim B.M. | 262050 | &nbsp;&nbsp; 4921197 |
| Bank Leumi le-Israel B.M. | 345164 | &nbsp;&nbsp; 6394147 |
| Big Shopping Centers Ltd.<sup>(c)</sup> | 2652 | &nbsp;&nbsp; 505837 |
| Cellebrite DI Ltd.<sup>(c)</sup> | 24290 | &nbsp;&nbsp; 339574 |
| Check Point Software Technologies Ltd.<sup>(c)</sup> | 10687 | &nbsp;&nbsp; 1989919 |
| Clal Insurance Enterprises Holdings Ltd. | 11655 | &nbsp;&nbsp; 559579 |
| Elbit Systems Ltd. | 3796 | &nbsp;&nbsp; 1753696 |
| First International Bank of Israel Ltd. (The) | 7410 | &nbsp;&nbsp; 515409 |
| &nbsp;&nbsp;&nbsp; Harel Insurance Investments & Financial <br> Services Ltd.<sup>(a)</sup><br>| 29459 | &nbsp;&nbsp; 889321 |
| Israel Discount Bank Ltd., Class A | 222853 | &nbsp;&nbsp; 2134277 |
| Menora Mivtachim Holdings Ltd. | 5324 | &nbsp;&nbsp; 463470 |
| Migdal Insurance & Financial Holdings Ltd. | 88157 | &nbsp;&nbsp; 269423 |
| Nova Ltd.<sup>(c)</sup> | 3680 | &nbsp;&nbsp; 982737 |
| Phoenix Finance Ltd. | 36477 | &nbsp;&nbsp; 1244644 |
| Plus500 Ltd. | 15802 | &nbsp;&nbsp; 702753 |
| Shufersal Ltd. | 52273 | &nbsp;&nbsp; 632864 |
| Tower Semiconductor Ltd.<sup>(c)</sup> | 16804 | &nbsp;&nbsp; 780839 |
| Wix.com Ltd.<sup>(c)</sup> | 9015 | &nbsp;&nbsp; 1226311 |
|  |  | &nbsp;&nbsp; 26305997 |
| **Italy-5.31%** | **Italy-5.31%** | **Italy-5.31%** |
| Assicurazioni Generali S.p.A. | 271874 | &nbsp;&nbsp; 10172259 |
| Banca Mediolanum S.p.A. | 49538 | &nbsp;&nbsp; 876356 |
| FinecoBank Banca Fineco S.p.A. | 95130 | &nbsp;&nbsp; 2031649 |
| Intesa Sanpaolo S.p.A. | 3446916 | &nbsp;&nbsp; 20829562 |
| Leonardo S.p.A. | 86683 | &nbsp;&nbsp; 4686205 |
| &nbsp;&nbsp;&nbsp; Mediobanca Banca di Credito Finanziario <br> S.p.A.<br>| 85622 | &nbsp;&nbsp; 1890620 |

---

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

------

**Invesco S&P International Developed Momentum ETF (IDMO)—(continued)**

July 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Italy-(continued)** | **Italy-(continued)** | **Italy-(continued)** |
| Poste Italiane S.p.A.<sup>(b)</sup> | 116235 | &nbsp;&nbsp; $2518621 |
| Prysmian S.p.A. | 53263 | &nbsp;&nbsp; 4266259 |
| UniCredit S.p.A. | 324238 | &nbsp;&nbsp; 23925473 |
|  |  | &nbsp;&nbsp; 71197004 |
| **Japan-9.30%** | **Japan-9.30%** | **Japan-9.30%** |
| ASICS Corp. | 227051 | &nbsp;&nbsp; 5348627 |
| BayCurrent, Inc. | 21171 | &nbsp;&nbsp; 1218104 |
| Fujikura Ltd. | 82266 | &nbsp;&nbsp; 5595734 |
| Hitachi Ltd. | 604543 | &nbsp;&nbsp; 18536902 |
| IHI Corp. | 46300 | &nbsp;&nbsp; 5166268 |
| Kawasaki Heavy Industries Ltd. | 27880 | &nbsp;&nbsp; 2040288 |
| Konami Group Corp. | 15217 | &nbsp;&nbsp; 2070029 |
| Mitsubishi Heavy Industries Ltd. | 660356 | &nbsp;&nbsp; 15798876 |
| Mizuho Financial Group, Inc. | 363792 | &nbsp;&nbsp; 10692249 |
| MonotaRO Co. Ltd. | 41809 | &nbsp;&nbsp; 745998 |
| MS&AD Insurance Group Holdings, Inc. | 167917 | &nbsp;&nbsp; 3594999 |
| NEC Corp. | 167984 | &nbsp;&nbsp; 4833586 |
| NS Solutions Corp.<sup>(a)</sup> | 11147 | &nbsp;&nbsp; 261976 |
| Obayashi Corp. | 90793 | &nbsp;&nbsp; 1339660 |
| Otsuka Holdings Co. Ltd. | 73335 | &nbsp;&nbsp; 3498534 |
| Rakuten Bank Ltd.<sup>(c)</sup> | 15216 | &nbsp;&nbsp; 710225 |
| Recruit Holdings Co. Ltd. | 284536 | &nbsp;&nbsp; 16916066 |
| Ricoh Co. Ltd. | 80858 | &nbsp;&nbsp; 710440 |
| Ryohin Keikaku Co. Ltd.<sup>(a)</sup> | 49195 | &nbsp;&nbsp; 2307868 |
| Sanrio Co. Ltd. | 55483 | &nbsp;&nbsp; 2281202 |
| Sanwa Holdings Corp. | 62197 | &nbsp;&nbsp; 1700287 |
| Seibu Holdings, Inc.<sup>(a)</sup> | 32255 | &nbsp;&nbsp; 903184 |
| Sompo Holdings, Inc. | 152037 | &nbsp;&nbsp; 4492209 |
| Sumitomo Mitsui Financial Group, Inc. | 531806 | &nbsp;&nbsp; 13442852 |
| ZOZO, Inc. | 63370 | &nbsp;&nbsp; 628595 |
|  |  | &nbsp;&nbsp; 124834758 |
| **Netherlands-2.30%** | **Netherlands-2.30%** | **Netherlands-2.30%** |
| argenx SE<sup>(c)</sup> | 12069 | &nbsp;&nbsp; 8129698 |
| ING Groep N.V. | 422910 | &nbsp;&nbsp; 9885043 |
| Koninklijke Ahold Delhaize N.V. | 177800 | &nbsp;&nbsp; 7043087 |
| Wolters Kluwer N.V. | 36950 | &nbsp;&nbsp; 5772192 |
|  |  | &nbsp;&nbsp; 30830020 |
| **New Zealand-0.38%** | **New Zealand-0.38%** | **New Zealand-0.38%** |
| Fisher & Paykel Healthcare Corp. Ltd. | 102942 | &nbsp;&nbsp; 2235211 |
| Xero Ltd.<sup>(c)</sup> | 25295 | &nbsp;&nbsp; 2918428 |
|  |  | &nbsp;&nbsp; 5153639 |
| **Norway-0.73%** | **Norway-0.73%** | **Norway-0.73%** |
| Gjensidige Forsikring ASA | 33320 | &nbsp;&nbsp; 880290 |
| Kongsberg Gruppen ASA | 131538 | &nbsp;&nbsp; 3948048 |
| Orkla ASA | 126200 | &nbsp;&nbsp; 1332958 |
| SpareBank 1 Sør-Norge ASA, Class B | 27557 | &nbsp;&nbsp; 484767 |
| Storebrand ASA | 91894 | &nbsp;&nbsp; 1310658 |
| Telenor ASA | 87564 | &nbsp;&nbsp; 1349216 |
| Vend Marketplaces ASA, Class B | 12620 | &nbsp;&nbsp; 476265 |
|  |  | &nbsp;&nbsp; 9782202 |
| **Singapore-4.73%** | **Singapore-4.73%** | **Singapore-4.73%** |
| DBS Group Holdings Ltd. | 541126 | &nbsp;&nbsp; 19877828 |
| Oversea-Chinese Banking Corp. Ltd. | 858444 | &nbsp;&nbsp; 11133723 |
| Sea Ltd., ADR<sup>(c)</sup> | 104993 | &nbsp;&nbsp; 16447153 |
| Singapore Exchange Ltd. | 141911 | &nbsp;&nbsp; 1741465 |
| Singapore Technologies Engineering Ltd.<sup>(a)</sup> | 241292 | &nbsp;&nbsp; 1624554 |
| Singapore Telecommunications Ltd. | 1461605 | &nbsp;&nbsp; 4359324 |
| United Overseas Bank Ltd. | 296927 | &nbsp;&nbsp; 8256121 |
|  |  | &nbsp;&nbsp; 63440168 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Spain-2.59%** | **Spain-2.59%** | **Spain-2.59%** |
| &nbsp;&nbsp;&nbsp; ACS Actividades de Construccion y <br> Servicios S.A.<br>| 32902 | &nbsp;&nbsp; $2277392 |
| Aena S.M.E. S.A.<sup>(b)</sup> | 109864 | &nbsp;&nbsp; 2967118 |
| CaixaBank S.A. | 721697 | &nbsp;&nbsp; 6809885 |
| Iberdrola S.A.<sup>(a)</sup> | 858178 | &nbsp;&nbsp; 15127920 |
| Industria de Diseno Textil S.A. | 156625 | &nbsp;&nbsp; 7503483 |
|  |  | &nbsp;&nbsp; 34685798 |
| **Sweden-3.94%** | **Sweden-3.94%** | **Sweden-3.94%** |
| AAK AB | 27423 | &nbsp;&nbsp; 707570 |
| Addtech AB, Class B | 34318 | &nbsp;&nbsp; 1157190 |
| Investor AB, Class A | 93381 | &nbsp;&nbsp; 2717306 |
| Investor AB, Class B | 288724 | &nbsp;&nbsp; 8392330 |
| Lifco AB, Class B | 32105 | &nbsp;&nbsp; 1147066 |
| Nordnet AB publ<sup>(a)</sup> | 28005 | &nbsp;&nbsp; 758588 |
| Securitas AB, Class B<sup>(a)</sup> | 79172 | &nbsp;&nbsp; 1178564 |
| Skanska AB, Class B | 51734 | &nbsp;&nbsp; 1210414 |
| Spotify Technology S.A.<sup>(c)</sup> | 45327 | &nbsp;&nbsp; 28399178 |
| Tele2 AB, Class B | 107208 | &nbsp;&nbsp; 1661913 |
| Telefonaktiebolaget LM Ericsson, Class B<sup>(a)</sup> | 490953 | &nbsp;&nbsp; 3576840 |
| Telia Co. AB<sup>(a)</sup> | 308287 | &nbsp;&nbsp; 1092066 |
| Trelleborg AB, Class B | 23270 | &nbsp;&nbsp; 848062 |
|  |  | &nbsp;&nbsp; 52847087 |
| **Switzerland-3.29%** | **Switzerland-3.29%** | **Switzerland-3.29%** |
| ABB Ltd. | 227956 | &nbsp;&nbsp; 14888764 |
| Galderma Group AG, Class A | 10486 | &nbsp;&nbsp; 1616481 |
| Sandoz Group AG<sup>(a)</sup> | 68026 | &nbsp;&nbsp; 3891292 |
| Schindler Holding AG | 3063 | &nbsp;&nbsp; 1074549 |
| Swiss Life Holding AG | 4116 | &nbsp;&nbsp; 4264395 |
| Zurich Insurance Group AG | 27044 | &nbsp;&nbsp; 18451436 |
|  |  | &nbsp;&nbsp; 44186917 |
| **United Kingdom-16.35%** | **United Kingdom-16.35%** | **United Kingdom-16.35%** |
| 3i Group PLC | 193848 | &nbsp;&nbsp; 10613938 |
| Aviva PLC | 357927 | &nbsp;&nbsp; 3064385 |
| Barclays PLC | 4067382 | &nbsp;&nbsp; 19922105 |
| British American Tobacco PLC | 421730 | &nbsp;&nbsp; 22641388 |
| Compass Group PLC | 271045 | &nbsp;&nbsp; 9543857 |
| HSBC Holdings PLC | 3399757 | &nbsp;&nbsp; 41503852 |
| Imperial Brands PLC | 185877 | &nbsp;&nbsp; 7260189 |
| InterContinental Hotels Group PLC | 30533 | &nbsp;&nbsp; 3519706 |
| &nbsp;&nbsp;&nbsp; International Consolidated Airlines Group <br> S.A.<sup>(a)</sup><br>| 719130 | &nbsp;&nbsp; 3600548 |
| Lloyds Banking Group PLC | 11318920 | &nbsp;&nbsp; 11630698 |
| London Stock Exchange Group PLC | 92929 | &nbsp;&nbsp; 11350755 |
| NatWest Group PLC | 1887693 | &nbsp;&nbsp; 13130376 |
| Pearson PLC | 126661 | &nbsp;&nbsp; 1794771 |
| RELX PLC | 254022 | &nbsp;&nbsp; 13226253 |
| Rolls-Royce Holdings PLC | 2115711 | &nbsp;&nbsp; 30089656 |
| Standard Chartered PLC | 490685 | &nbsp;&nbsp; 8814488 |
| Tesco PLC | 1123573 | &nbsp;&nbsp; 6325617 |
| Weir Group PLC (The) | 36933 | &nbsp;&nbsp; 1300143 |
|  |  | &nbsp;&nbsp; 219332725 |
| **United States-2.21%** | **United States-2.21%** | **United States-2.21%** |
| ARM Holdings PLC, ADR<sup>(a)(c)</sup> | 14167 | &nbsp;&nbsp; 2002860 |
| CyberArk Software Ltd.<sup>(c)</sup> | 7864 | &nbsp;&nbsp; 3235800 |
| Holcim AG<sup>(c)</sup> | 94554 | &nbsp;&nbsp; 7542533 |

---

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

------

**Invesco S&P International Developed Momentum ETF (IDMO)—(continued)**

July 31, 2025

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **United States-(continued)** | **United States-(continued)** | **United States-(continued)** |
| Swiss Re AG | 51861 | &nbsp;&nbsp; $9285477 |
| Waste Connections, Inc.<sup>(a)</sup> | 40818 | &nbsp;&nbsp; 7638964 |
|  |  | &nbsp;&nbsp; 29705634 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $1,199,075,173) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests <br>(Cost $1,199,075,173) | &nbsp;&nbsp; 1339944030 |
| **Money Market Funds-0.05%** | **Money Market Funds-0.05%** | **Money Market Funds-0.05%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class, 4.25%<sup>(d)(e)</sup> <br>(Cost $640,836)<br>| 640836 | &nbsp;&nbsp; 640836 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.91% <br>(Cost $1,199,716,009) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br>(excluding investments purchased with cash collateral <br> from securities on loan)-99.91% <br>(Cost $1,199,716,009) | &nbsp;&nbsp; 1340584866 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** | **Investments Purchased with Cash Collateral from Securities** <br> **on Loan** |
| **Money Market Funds-0.98%** | **Money Market Funds-0.98%** | **Money Market Funds-0.98%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 4.32%<sup>(d)(e)(f)</sup><br>| 3671561 | &nbsp;&nbsp; $3671561 |
| Invesco Private Prime Fund, 4.46%<sup>(d)(e)(f)</sup> | 9553393 | &nbsp;&nbsp; 9555304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $13,226,865) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral from <br> Securities on Loan <br>(Cost $13,226,865) | &nbsp;&nbsp; 13226865 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-100.89% <br>(Cost $1,212,942,874) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES-100.89% <br>(Cost $1,212,942,874) | &nbsp;&nbsp; 1353811731 |
| OTHER ASSETS LESS LIABILITIES-(0.89)% | OTHER ASSETS LESS LIABILITIES-(0.89)% | &nbsp;&nbsp; (12008310)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | &nbsp;&nbsp; $1341803421 |

---

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

Investment Abbreviations: <br> ADR-American Depositary Receipt

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

---

| | |
|:---|:---|
| Notes to Schedule of Investments: | Notes to Schedule of Investments: |
| <sup>(a)</sup> | All or a portion of this security was out on loan at July 31, 2025. |
| <sup>(b)</sup> | Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the "1933 Act"). The security may be <br> resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at <br> July 31, 2025 was $8,438,300, which represented less than 1% of the Fund's Net Assets.<br>|
| <sup>(c)</sup> | Non-income producing security. |
| <sup>(d)</sup> | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in <br> which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund's transactions in, and earnings from, its investments in <br> affiliates for the nine months ended July 31, 2025.<br>|

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**October 31, 2024**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Value** <br>**July 31, 2025**<br>| **Dividend Income** |
| **Investments in Affiliated** <br> **Money Market Funds:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Government & <br> Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $16327522 | &nbsp;&nbsp;&nbsp; $(15686686)<br>| &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $640836 | &nbsp;&nbsp;&nbsp; $14589 |
| **Investments Purchased** <br> **with Cash Collateral from** <br> **Securities on Loan:**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp; Invesco Private <br> Government Fund<br>| &nbsp;&nbsp;&nbsp; 3796768 | &nbsp;&nbsp;&nbsp; 89982665 | &nbsp;&nbsp;&nbsp; (90107872)<br>| &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 3671561 | &nbsp;&nbsp;&nbsp; 238,500<br> \*<br>|
| &nbsp;&nbsp; Invesco Private Prime Fund | &nbsp;&nbsp;&nbsp; 9913593 | &nbsp;&nbsp;&nbsp; 206763710 | &nbsp;&nbsp;&nbsp; (207120348)<br>| &nbsp;&nbsp;&nbsp; 90 | &nbsp;&nbsp;&nbsp; (1741)<br>| &nbsp;&nbsp;&nbsp; 9555304 | &nbsp;&nbsp;&nbsp; 646,801<br> \*<br>|
| &nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp; $13710361 | &nbsp;&nbsp;&nbsp; $313073897 | &nbsp;&nbsp;&nbsp; $(312914906)<br>| &nbsp;&nbsp;&nbsp; $90 | &nbsp;&nbsp;&nbsp; $(1741)<br>| &nbsp;&nbsp;&nbsp; $13867701 | &nbsp;&nbsp;&nbsp; $899890 |

---

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

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

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

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

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

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

------

**Notes to Quarterly Schedules of Portfolio Holdings**

July 31, 2025

*(Unaudited)*

**NOTE 1—Additional Valuation Information**

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

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

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

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

The following is a summary of the tiered valuation input levels, as of July 31, 2025. 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 Emerging Markets Low Volatility ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $82055148 | &nbsp;&nbsp;&nbsp; $304272909 | &nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $386328057 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 193030 | &nbsp;&nbsp;&nbsp; 7849010 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 8042040 |
| **Total Investments in Securities** | &nbsp;&nbsp;&nbsp; 82248178 | &nbsp;&nbsp;&nbsp; 312417123 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 394370097 |
| **Other Investments - Assets\*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Futures Contracts | &nbsp;&nbsp;&nbsp; 52067 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 52067 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $82300245 | &nbsp;&nbsp;&nbsp; $312121919 | &nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $394422164 |
| &nbsp;&nbsp; Invesco S&P Emerging Markets Momentum ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $863267 | &nbsp;&nbsp;&nbsp; $12720530 | &nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $13583797 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 278265 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 278265 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $863267 | &nbsp;&nbsp;&nbsp; $12998795 | &nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $13862062 |
| &nbsp;&nbsp; Invesco S&P International Developed Low Volatility ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $77596557 | &nbsp;&nbsp;&nbsp; $311935383 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $389531940 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 34342 | &nbsp;&nbsp;&nbsp; 30724977 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 30759319 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $77630899 | &nbsp;&nbsp;&nbsp; $342660360 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $420291259 |
| &nbsp;&nbsp; Invesco S&P International Developed Momentum ETF |  |  |  |  |
| **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp; $274320547 | &nbsp;&nbsp;&nbsp; $1065623483 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $1339944030 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp;&nbsp; 640836 | &nbsp;&nbsp;&nbsp; 13226865 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 13867701 |
| **Total Investments** | &nbsp;&nbsp;&nbsp; $274961383 | &nbsp;&nbsp;&nbsp; $1078850348 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $1353811731 |

---

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

\* Unrealized appreciation (depreciation).

------

## 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 International Developed Low Volatility ETF

- **b. EDGAR series identifier (if any):** S000034747

- **c. LEI of Series:** 549300P32QINHFXYMK04

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

- **a. Date of fiscal year-end:** 2025-10-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $421757790.67

**Total Liabilities:** $30889571.96

**Net Assets:** $390868218.71

**Cash Not Reported:** $216093.47

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000106970 | 2.90%                | 1.70%                | -1.15%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-56532.93               | $7899685.16                                |
| Month 2  | $5468111.14              | $22018.17                                  |
| Month 3  | $827763.11               | $-5714579.23                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Swiss Life Holding Ltd.                                  | Swiss Life Holding Ltd.                                    | CUSIP: N/A<br>LEI: 5493000KUC3Z24U77V93       | Long             | EC               | CORP              | CH        |      2013 | NS      | $2085575.26   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell PLC                                                | Shell PLC                                                  | CUSIP: G80827101<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |     50782 | NS      | $1828487.81   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| SpareBank 1 Sor-Norge ASA                                | SpareBank 1 Sor-Norge ASA, Class B                         | CUSIP: R8170W115<br>LEI: 549300Q3OIWRHQUQM052 | Long             | EC               | CORP              | NO        |     98364 | NS      | $1730364.50   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Saputo Inc.                                              | Saputo Inc.                                                | CUSIP: 802912105<br>LEI: 549300HH4U1DPY0TBT90 | Long             | EC               | CORP              | CA        |     86340 | NS      | $1814791.80   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Daito Trust Construction Co., Ltd.                       | Daito Trust Construction Co., Ltd.                         | CUSIP: N/A<br>LEI: 353800QQ4DRI3KXS3038       | Long             | EC               | CORP              | JP        |     18735 | NS      | $1921933.81   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Bollore SE                                               | Bollore SE                                                 | CUSIP: N/A<br>LEI: 969500LEKCHH6VV86P94       | Long             | EC               | CORP              | FR        |    292996 | NS      | $1694982.43   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| ORIX JREIT Inc.                                          | ORIX JREIT Inc.                                            | CUSIP: J8996L102<br>LEI: 353800WVNTBIU65TA247 | Long             | EC               | CORP              | JP        |      1941 | NS      | $2542479.59   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Metropolitan Fund Investment Corp.                 | Japan Metropolitan Fund Investment Corp.                   | CUSIP: J27544105<br>LEI: 353800QDHNIP60E1LQ93 | Long             | EC               | CORP              | JP        |      3410 | NS      | $2485198.89   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Meiji Holdings Co., Ltd.                                 | Meiji Holdings Co., Ltd.                                   | CUSIP: N/A<br>LEI: 5299002D52YIP6DWMV49       | Long             | EC               | CORP              | JP        |     82131 | NS      | $1664135.35   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Empire Co. Ltd.                                          | Empire Co. Ltd., Class A                                   | CUSIP: 291843407<br>LEI: 549300TX0ZUSTEF7C719 | Long             | EC               | CORP              | CA        |     50057 | NS      | $1997862.83   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Glp J-Reit                                               | Glp J-Reit                                                 | CUSIP: J17305103<br>LEI: 353800E27V9KA51K2I90 | Long             | EC               | CORP              | JP        |      2571 | NS      | $2257547.35   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Investor AB                                              | Investor AB, Class B                                       | CUSIP: N/A<br>LEI: 549300VEBQPHRZBKUX38       | Long             | EC               | CORP              | SE        |     58675 | NS      | $1705504.10   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Mcdonald'S Holdings Co. (Japan), Ltd.                    | Mcdonald'S Holdings Co. (Japan), Ltd.                      | CUSIP: J4261C109<br>LEI: 529900FY9FV0AYNRC729 | Long             | EC               | CORP              | JP        |     47105 | NS      | $1884868.62   | 0.48%             |  |  |  | No            |                  2 | On Loan: —       |
| Washington H. Soul Pattinson and Co. Ltd.                | Washington H. Soul Pattinson and Co. Ltd.                  | CUSIP: N/A<br>LEI: 549300G2Q3P6ZVNC1465       | Long             | EC               | CORP              | AU        |     92662 | NS      | $2411859.49   | 0.62%             |  |  |  | No            |                  2 | On Loan: —       |
| AXA                                                      | AXA                                                        | CUSIP: N/A<br>LEI: F5WCUMTUM4RKZ1MAIE39       | Long             | EC               | CORP              | FR        |     36659 | NS      | $1785725.81   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Chocoladefabriken Lindt & Spruengli AG                   | Chocoladefabriken Lindt & Spruengli AG, PC                 | CUSIP: N/A<br>LEI: 529900JYJNNOKKAGK736       | Long             | EC               | CORP              | CH        |       112 | NS      | $1647990.10   | 0.42%             |  |  |  | No            |                  2 | On Loan: —       |
| Australian Pipeline Ltd.                                 | Australian Pipeline Ltd.                                   | CUSIP: N/A<br>LEI: 549300T9RBSX164T8H40       | Long             | EC               | CORP              | AU        |    314432 | NS      | $1694294.81   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| SoftBank Corp.                                           | SoftBank Corp.                                             | CUSIP: N/A<br>LEI: 353800M1YCTS9JRBJ535       | Long             | EC               | CORP              | JP        |   1314141 | NS      | $1902567.75   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| TELUS Corp.                                              | TELUS Corp.                                                | CUSIP: 87971M103<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Long             | EC               | CORP              | CA        |    117051 | NS      | $1889680.89   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Assa Abloy AB                                            | Assa Abloy AB, Class B                                     | CUSIP: N/A<br>LEI: 549300YECS8HKCIMMB67       | Long             | EC               | CORP              | SE        |     53140 | NS      | $1763721.94   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Schindler Holding AG                                     | Schindler Holding AG, PC                                   | CUSIP: H7258G209<br>LEI: 5299007DRLI319H7Q933 | Long             | EC               | CORP              | CH        |      5139 | NS      | $1858904.80   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Ferrovial SE                                             | Ferrovial SE                                               | CUSIP: N/A<br>LEI: 72450022R2ZFL41Y6I04       | Long             | EC               | CORP              | NL        |     33013 | NS      | $1697312.90   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Telstra Group Ltd.                                       | Telstra Group Ltd.                                         | CUSIP: N/A<br>LEI: 894500WRW54CVN62K416       | Long             | EC               | CORP              | AU        |    876218 | NS      | $2797793.01   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Admiral Group PLC                                        | Admiral Group PLC                                          | CUSIP: N/A<br>LEI: 213800FGVM7Z9EJB2685       | Long             | EC               | CORP              | GB        |     39425 | NS      | $1780776.48   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| George Weston Ltd.                                       | George Weston Ltd.                                         | CUSIP: 961148509<br>LEI: 549300FAHC3L1QKNT280 | Long             | EC               | CORP              | CA        |     10848 | NS      | $2065870.98   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Corp. of Canada                                    | Power Corp. of Canada                                      | CUSIP: 739239101<br>LEI: 549300BE2CB8T87IJV50 | Long             | EC               | CORP              | CA        |     54707 | NS      | $2209568.46   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| NTT, Inc.                                                | NTT, Inc.                                                  | CUSIP: N/A<br>LEI: 353800VHQU5VIXVUA841       | Long             | EC               | CORP              | JP        |   1912121 | NS      | $1934890.99   | 0.50%             |  |  |  | No            |                  2 | On Loan: —       |
| TPG Telecom Ltd.                                         | TPG Telecom Ltd.                                           | CUSIP: N/A<br>LEI: 9845008F2E58CD6F7984       | Long             | EC               | CORP              | AU        |    495394 | NS      | $1760438.20   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| City Developments Ltd.                                   | City Developments Ltd.                                     | CUSIP: V23130111<br>LEI: 254900BPLPJS0RJ72373 | Long             | EC               | CORP              | SG        |    492900 | NS      | $2335363.12   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Choice Properties REIT                                   | Choice Properties REIT                                     | CUSIP: 17039A106<br>LEI: 5493007MYGFSLOZGT937 | Long             | EC               | CORP              | CA        |    210576 | NS      | $2161276.94   | 0.55%             |  |  |  | No            |                  1 | On Loan: —       |
| Kone OYJ                                                 | Kone OYJ, Class B                                          | CUSIP: N/A<br>LEI: 2138001CNF45JP5XZK38       | Long             | EC               | CORP              | FI        |     29517 | NS      | $1817915.72   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortis Inc.                                              | Fortis Inc.                                                | CUSIP: 349553107<br>LEI: 549300MQYQ9Y065XPR71 | Long             | EC               | CORP              | CA        |     53291 | NS      | $2613380.93   | 0.67%             |  |  |  | No            |                  1 | On Loan: —       |
| Takeda Pharmaceutical Co. Ltd.                           | Takeda Pharmaceutical Co. Ltd.                             | CUSIP: N/A<br>LEI: 549300ZLMVP4X0OGR454       | Long             | EC               | CORP              | JP        |     56562 | NS      | $1556895.21   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Kerry Group PLC                                          | Kerry Group PLC, Class A                                   | CUSIP: N/A<br>LEI: 635400TLVVBNXLFHWC59       | Long             | EC               | CORP              | IE        |     15733 | NS      | $1457525.06   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Medibank Private Ltd.                                    | Medibank Private Ltd.                                      | CUSIP: N/A<br>LEI: BDYVSUPTML83OLINBJ17       | Long             | EC               | CORP              | AU        |    569146 | NS      | $1863673.73   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Pearson PLC                                              | Pearson PLC                                                | CUSIP: G69651100<br>LEI: 2138004JBXWWJKIURC57 | Long             | EC               | CORP              | GB        |    141035 | NS      | $1998448.45   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Melisron Ltd.                                            | Melisron Ltd.                                              | CUSIP: N/A<br>LEI: 213800B9SL62L9VLO604       | Long             | EC               | CORP              | IL        |     19434 | NS      | $2240746.93   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Sampo OYJ                                                | Sampo OYJ                                                  | CUSIP: X75653232<br>LEI: 743700UF3RL386WIDA22 | Long             | EC               | CORP              | FI        |    192272 | NS      | $2069846.21   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Orange                                                   | Orange                                                     | CUSIP: N/A<br>LEI: 969500MCOONR8990S771       | Long             | EC               | CORP              | FR        |    152283 | NS      | $2323189.69   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| KDX Realty Investment Corp.                              | KDX Realty Investment Corp.                                | CUSIP: J32922106<br>LEI: 353800FFT483NCIHFY42 | Long             | EC               | CORP              | JP        |      1943 | NS      | $2092301.64   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Compass Group PLC                                        | Compass Group PLC                                          | CUSIP: N/A<br>LEI: 2138008M6MH9OZ6U2T68       | Long             | EC               | CORP              | GB        |     52798 | NS      | $1859088.25   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Snam S.p.A.                                              | Snam S.p.A.                                                | CUSIP: N/A<br>LEI: 8156002278562044AF79       | Long             | EC               | CORP              | IT        |    335433 | NS      | $1949632.06   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Orkla ASA                                                | Orkla ASA                                                  | CUSIP: N/A<br>LEI: 549300PZS8G8RG6RVZ52       | Long             | EC               | CORP              | NO        |    163238 | NS      | $1724163.04   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Groupe Bruxelles Lambert - Groep Brussel Lambert N.V.    | Groupe Bruxelles Lambert - Groep Brussel Lambert N.V.      | CUSIP: N/A<br>LEI: 549300KV0ZEHT2KVU152       | Long             | EC               | CORP              | BE        |     23756 | NS      | $1991835.26   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia (The)                                | Bank of Nova Scotia (The)                                  | CUSIP: 064149107<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | EC               | CORP              | CA        |     44130 | NS      | $2460657.26   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections, Inc.                                  | Waste Connections, Inc.                                    | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |     11685 | NS      | $2186811.98   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonica S.A.                                          | Telefonica S.A.                                            | CUSIP: 879382109<br>LEI: 549300EEJH4FEPDBBR25 | Long             | EC               | CORP              | ES        |    368985 | NS      | $1909847.92   | 0.49%             |  |  |  | No            |                  2 | On Loan: —       |
| CLP Holdings Ltd.                                        | CLP Holdings Ltd.                                          | CUSIP: Y1660Q104<br>LEI: 25490002BUTSMP94GO68 | Long             | EC               | CORP              | HK        |    287159 | NS      | $2492476.76   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Commonwealth Bank of Australia                           | Commonwealth Bank of Australia                             | CUSIP: Q26915100<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | EC               | CORP              | AU        |     14534 | NS      | $1653120.12   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Invincible Investment Corp.                              | Invincible Investment Corp.                                | CUSIP: J2442V103<br>LEI: 353800JY6M2692VAV685 | Long             | EC               | CORP              | JP        |      4011 | NS      | $1787584.80   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Givaudan S.A.                                            | Givaudan S.A.                                              | CUSIP: N/A<br>LEI: 213800SVRMQA1TD91D41       | Long             | EC               | CORP              | CH        |       346 | NS      | $1446757.43   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Element Fleet Management Corp.                           | Element Fleet Management Corp.                             | CUSIP: 286181201<br>LEI: 5493000PGBS1C22ELQ16 | Long             | EC               | CORP              | CA        |     73375 | NS      | $1912722.87   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Ageas S.A./N.V.                                          | Ageas S.A./N.V.                                            | CUSIP: N/A<br>LEI: 5493005DJBML6LY3RV36       | Long             | EC               | CORP              | BE        |     31796 | NS      | $2168230.42   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Wilmar International Ltd.                                | Wilmar International Ltd.                                  | CUSIP: N/A<br>LEI: 549300H2EAI4YRLWBB20       | Long             | EC               | CORP              | SG        |    820946 | NS      | $1859599.14   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Haleon PLC                                               | Haleon PLC                                                 | CUSIP: N/A<br>LEI: 549300PSB3WWEODCUP19       | Long             | EC               | CORP              | GB        |    354108 | NS      | $1664401.68   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Transurban Group                                         | Transurban Group                                           | CUSIP: N/A<br>LEI: 549300ZR71SUQ4VUTM79       | Long             | EC               | CORP              | AU        |    258203 | NS      | $2289318.48   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| UOL Group Ltd.                                           | UOL Group Ltd.                                             | CUSIP: Y9299W103<br>LEI: 254900O9PRCWTMR86R25 | Long             | EC               | CORP              | SG        |    509590 | NS      | $2695972.87   | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Novartis AG                                              | Novartis AG                                                | CUSIP: H5820Q150<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |     15196 | NS      | $1731054.31   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Enbridge Inc.                                            | Enbridge Inc.                                              | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |     51391 | NS      | $2332490.87   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke KPN N.V.                                     | Koninklijke KPN N.V.                                       | CUSIP: N/A<br>LEI: 549300YO0JZHAL7FVP81       | Long             | EC               | CORP              | NL        |    496070 | NS      | $2222700.97   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Endesa S.A.                                              | Endesa S.A.                                                | CUSIP: N/A<br>LEI: 549300LHK07F2CHV4X31       | Long             | EC               | CORP              | ES        |     57336 | NS      | $1666491.16   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Ahold Delhaize N.V.                          | Koninklijke Ahold Delhaize N.V.                            | CUSIP: N/A<br>LEI: 724500C9GNBV20UYRX36       | Long             | EC               | CORP              | NL        |     49207 | NS      | $1949207.89   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Aurizon Holdings Ltd.                                    | Aurizon Holdings Ltd.                                      | CUSIP: Q0695Q104<br>LEI: 5299005PC1O6NOWL3H48 | Long             | EC               | CORP              | AU        |   1077578 | NS      | $2241044.12   | 0.57%             |  |  |  | No            |                  2 | On Loan: —       |
| Mowi ASA                                                 | Mowi ASA                                                   | CUSIP: N/A<br>LEI: 549300W1OGQF5LZIH349       | Long             | EC               | CORP              | NO        |     92742 | NS      | $1735145.14   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| United Overseas Bank Ltd.                                | United Overseas Bank Ltd.                                  | CUSIP: N/A<br>LEI: IO66REGK3RCBAMA8HR66       | Long             | EC               | CORP              | SG        |     66768 | NS      | $1856499.13   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Brambles Ltd.                                            | Brambles Ltd.                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    113843 | NS      | $1744987.93   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| IGM Financial Inc.                                       | IGM Financial Inc.                                         | CUSIP: 449586106<br>LEI: 254900RYHLVJNTUFDA95 | Long             | EC               | CORP              | CA        |     58286 | NS      | $1934224.21   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle S.A.                                              | Nestle S.A.                                                | CUSIP: H57312649<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |     19315 | NS      | $1688103.98   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Coles Group Ltd.                                         | Coles Group Ltd.                                           | CUSIP: N/A<br>LEI: 549300OHQRG2HN8LZ793       | Long             | EC               | CORP              | AU        |    166012 | NS      | $2214405.79   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| SSE PLC                                                  | SSE PLC                                                    | CUSIP: N/A<br>LEI: 549300KI75VYLLMSK856       | Long             | EC               | CORP              | GB        |     70580 | NS      | $1733612.34   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| HKT Trust and HKT Ltd.                                   | HKT Trust and HKT Ltd.                                     | CUSIP: Y3R29Z107<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |   1509698 | NS      | $2377136.43   | 0.61%             |  |  |  | No            |                  2 | On Loan: —       |
| National Grid PLC                                        | National Grid PLC                                          | CUSIP: N/A<br>LEI: 8R95QZMKZLJX5Q2XR704       | Long             | EC               | CORP              | GB        |    125769 | NS      | $1770930.94   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Holmen AB                                                | Holmen AB, Class B                                         | CUSIP: N/A<br>LEI: 52990080SH3454F0QE68       | Long             | EC               | CORP              | SE        |     46337 | NS      | $1727386.64   | 0.44%             |  |  |  | No            |                  2 | On Loan: —       |
| Mapletree Industrial Trust                               | Mapletree Industrial Trust                                 | CUSIP: N/A<br>LEI: 549300R7WZFHXNKDJF41       | Long             | EC               | CORP              | SG        |   1334666 | NS      | $2082293.97   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| CapitaLand Integrated Commercial Trust                   | CapitaLand Integrated Commercial Trust                     | CUSIP: N/A<br>LEI: 54930031292WUTXF0L29       | Long             | EC               | CORP              | SG        |   1366384 | NS      | $2308955.67   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Prologis Reit, Inc.                               | Nippon Prologis Reit, Inc.                                 | CUSIP: J5528H104<br>LEI: 353800PHBMSDLAFURY41 | Long             | EC               | CORP              | JP        |      3345 | NS      | $1808829.76   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Poste Italiane S.p.A.                                    | Poste Italiane S.p.A.                                      | CUSIP: N/A<br>LEI: 815600354DEDBD0BA991       | Long             | EC               | CORP              | IT        |     94109 | NS      | $2039187.12   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| National Bank of Canada                                  | National Bank of Canada                                    | CUSIP: 633067103<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | EC               | CORP              | CA        |     19481 | NS      | $2030882.45   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Woolworths Group Ltd.                                    | Woolworths Group Ltd.                                      | CUSIP: N/A<br>LEI: QNWEWQBS7HP85QHXQL92       | Long             | EC               | CORP              | AU        |     96390 | NS      | $1949564.75   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| L E Lundbergforetagen AB                                 | L E Lundbergforetagen AB, Class B                          | CUSIP: N/A<br>LEI: 529900BPSFZS6O3A9R04       | Long             | EC               | CORP              | SE        |     37478 | NS      | $1833585.79   | 0.47%             |  |  |  | No            |                  2 | On Loan: —       |
| Metro Inc.                                               | Metro Inc.                                                 | CUSIP: 59162N109<br>LEI: 549300KQ7DCG4IXSNW78 | Long             | EC               | CORP              | CA        |     30049 | NS      | $2302767.75   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiwa House REIT Investment Corp.                        | Daiwa House REIT Investment Corp.                          | CUSIP: J1236F118<br>LEI: 3538001FWU534P8JMO05 | Long             | EC               | CORP              | JP        |      1593 | NS      | $2669410.89   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Hydro One Ltd.                                           | Hydro One Ltd.                                             | CUSIP: 448811208<br>LEI: 5493007QZDXTP1W2VL44 | Long             | EC               | CORP              | CA        |     67763 | NS      | $2401639.72   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Tele2 AB                                                 | Tele2 AB, Class B                                          | CUSIP: N/A<br>LEI: 213800EKD193RVI9HL76       | Long             | EC               | CORP              | SE        |    128050 | NS      | $1985000.26   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Building Fund Inc.                                | Nippon Building Fund Inc.                                  | CUSIP: N/A<br>LEI: 52990053R8NL2MB32172       | Long             | EC               | CORP              | JP        |      2449 | NS      | $2251090.22   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Infrastrutture Wireless Italiane S.p.A.                  | Infrastrutture Wireless Italiane S.p.A.                    | CUSIP: N/A<br>LEI: 81560066183FE361C071       | Long             | EC               | CORP              | IT        |    151781 | NS      | $1799670.07   | 0.46%             |  |  |  | No            |                  2 | On Loan: —       |
| Sanofi                                                   | Sanofi                                                     | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               | CORP              | FR        |     17548 | NS      | $1579922.01   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Telenor ASA                                              | Telenor ASA                                                | CUSIP: R21882106<br>LEI: 549300IM1QSBY4SLPM26 | Long             | EC               | CORP              | NO        |    138093 | NS      | $2127784.23   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Bouygues                                                 | Bouygues                                                   | CUSIP: N/A<br>LEI: 969500MOCLNQFNZN0D63       | Long             | EC               | CORP              | FR        |     42865 | NS      | $1770215.43   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| CCL Industries Inc.                                      | CCL Industries Inc., Class B                               | CUSIP: 124900309<br>LEI: 549300TD3EMSRRC0YH75 | Long             | EC               | CORP              | CA        |     29709 | NS      | $1664288.49   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Alfa Laval AB                                            | Alfa Laval AB                                              | CUSIP: N/A<br>LEI: 549300UCKT2UK88AG251       | Long             | EC               | CORP              | SE        |     40669 | NS      | $1772303.79   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Real Estate Investment Corp.                       | Japan Real Estate Investment Corp.                         | CUSIP: J27523109<br>LEI: 3538003YAIR3CBGJJ928 | Long             | EC               | CORP              | JP        |      2735 | NS      | $2222869.92   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Kddi Corp.                                               | Kddi Corp.                                                 | CUSIP: N/A<br>LEI: 5299003FU7V4I45FU310       | Long             | EC               | CORP              | JP        |    105501 | NS      | $1734950.96   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Vicinity Ltd.                                            | Vicinity Ltd.                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   1052023 | NS      | $1659503.71   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Boerse AG                                       | Deutsche Boerse AG                                         | CUSIP: N/A<br>LEI: 529900G3SW56SHYNPR95       | Long             | EC               | CORP              | DE        |      6020 | NS      | $1747226.91   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Singapore Airlines Ltd.                                  | Singapore Airlines Ltd.                                    | CUSIP: N/A<br>LEI: 549300ZG62N2599PWR15       | Long             | EC               | CORP              | SG        |    375655 | NS      | $1963697.10   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Beiersdorf AG                                            | Beiersdorf AG                                              | CUSIP: D08792109<br>LEI: L47NHHI0Z9X22DV46U41 | Long             | EC               | CORP              | DE        |     13746 | NS      | $1713124.09   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Anheuser-Busch InBev S.A./N.V.                           | Anheuser-Busch InBev S.A./N.V.                             | CUSIP: N/A<br>LEI: 5493008H3828EMEXB082       | Long             | EC               | CORP              | BE        |     24134 | NS      | $1391602.10   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Thomson Reuters Corp.                                    | Thomson Reuters Corp.                                      | CUSIP: 884903808<br>LEI: 549300561UZND4C7B569 | Long             | EC               | CORP              | CA        |     10192 | NS      | $2049973.86   | 0.52%             |  |  |  | No            |                  1 | On Loan: —       |
| Eni S.p.A.                                               | Eni S.p.A.                                                 | CUSIP: N/A<br>LEI: BUCRF72VH5RBN7X3VL35       | Long             | EC               | CORP              | IT        |    111509 | NS      | $1908750.85   | 0.49%             |  |  |  | No            |                  2 | On Loan: —       |
| Yamada Holdings Co., Ltd.                                | Yamada Holdings Co., Ltd.                                  | CUSIP: J95534103<br>LEI: 353800MDZ4K1DQKLO464 | Long             | EC               | CORP              | JP        |    634938 | NS      | $1939036.97   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Obic Co., Ltd.                                           | Obic Co., Ltd.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     46804 | NS      | $1669720.50   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Quebecor Inc.                                            | Quebecor Inc., Class B                                     | CUSIP: 748193208<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     74437 | NS      | $2098697.52   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Tryg A/S                                                 | Tryg A/S                                                   | CUSIP: N/A<br>LEI: 213800ZRS8AC4LSTCE39       | Long             | EC               | CORP              | DK        |     76063 | NS      | $1840667.55   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian National Railway Co.                            | Canadian National Railway Co.                              | CUSIP: 136375102<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               | CORP              | CA        |     16623 | NS      | $1555592.01   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Pembina Pipeline Corp.                                   | Pembina Pipeline Corp.                                     | CUSIP: 706327103<br>LEI: 5493002W3L9YICM6FU21 | Long             | EC               | CORP              | CA        |     51515 | NS      | $1918934.22   | 0.49%             |  |  |  | No            |                  1 | On Loan: —       |
| Assicurazioni Generali S.p.A.                            | Assicurazioni Generali S.p.A.                              | CUSIP: N/A<br>LEI: 549300X5UKJVE386ZB61       | Long             | EC               | CORP              | IT        |     49692 | NS      | $1859243.28   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| HK Electric Investments and HK Electric Investments Ltd. | HK Electric Investments and HK Electric Investments Ltd.   | CUSIP: N/A<br>LEI: 5299006PUX29DFJ1DE03       | Long             | EC               | CORP              | HK        |   4669883 | NS      | $3640379.04   | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| DNB Bank ASA                                             | DNB Bank ASA                                               | CUSIP: R1R15X100<br>LEI: 549300GKFG0RYRRQ1414 | Long             | EC               | CORP              | NO        |     67815 | NS      | $1723244.63   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Invesco Private Prime Fund                               | Invesco Private Prime Fund                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |  22199231 | NS      | $22199230.96  | 5.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Aena S.M.E. S.A.                                         | Aena S.M.E. S.A.                                           | CUSIP: E526LK101<br>LEI: 959800R7QMXKF0NFMT29 | Long             | EC               | CORP              | ES        |     71136 | NS      | $1921183.51   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| CapitaLand Ascendas REIT                                 | CapitaLand Ascendas REIT                                   | CUSIP: N/A<br>LEI: 549300ILIBAEMQZK3L20       | Long             | EC               | CORP              | SG        |   1052494 | NS      | $2255347.76   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Nomura Real Estate Master Fund, Inc.                     | Nomura Real Estate Master Fund, Inc.                       | CUSIP: J589D3119<br>LEI: 353800TNNZOQ1CPZE086 | Long             | EC               | CORP              | JP        |      2245 | NS      | $2369196.11   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| ANZ Group Holdings Ltd.                                  | ANZ Group Holdings Ltd.                                    | CUSIP: N/A<br>LEI: 9845005D9C6BAA10BK72       | Long             | EC               | CORP              | AU        |     94227 | NS      | $1852516.61   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Intact Financial Corp.                                   | Intact Financial Corp.                                     | CUSIP: 45823T106<br>LEI: 5493009LXGE7Y4U9OY43 | Long             | EC               | CORP              | CA        |      9636 | NS      | $1996130.63   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Rogers Communications Inc.                               | Rogers Communications Inc., Class B                        | CUSIP: 775109200<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | EC               | CORP              | CA        |     65660 | NS      | $2197927.60   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Montreal                                         | Bank of Montreal                                           | CUSIP: 063671101<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | EC               | CORP              | CA        |     17091 | NS      | $1890635.09   | 0.48%             |  |  |  | No            |                  1 | On Loan: —       |
| Storebrand ASA                                           | Storebrand ASA                                             | CUSIP: N/A<br>LEI: 5967007LIEEXZX7NA051       | Long             | EC               | CORP              | NO        |    132129 | NS      | $1884518.22   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| CSL Ltd.                                                 | CSL Ltd.                                                   | CUSIP: N/A<br>LEI: 529900ECSECK5ZDQTE14       | Long             | EC               | CORP              | AU        |     12411 | NS      | $2150916.73   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| L'Air Liquide S.A.                                       | L'Air Liquide S.A.                                         | CUSIP: N/A<br>LEI: 969500MMPQVHK671GT54       | Long             | EC               | CORP              | FR        |      9121 | NS      | $1799702.52   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Berkeley Group Holdings PLC (The)                        | Berkeley Group Holdings PLC (The)                          | CUSIP: G1191G153<br>LEI: 2138009OQSSLVVHQAL78 | Long             | EC               | CORP              | GB        |     30053 | NS      | $1448259.84   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| British American Tobacco PLC                             | British American Tobacco PLC                               | CUSIP: G1510J102<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |     36860 | NS      | $1978900.12   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Imperial Brands PLC                                      | Imperial Brands PLC                                        | CUSIP: N/A<br>LEI: 549300DFVPOB67JL3A42       | Long             | EC               | CORP              | GB        |     51320 | NS      | $2004513.22   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Danone                                                   | Danone                                                     | CUSIP: N/A<br>LEI: 969500KMUQ2B6CBAF162       | Long             | EC               | CORP              | FR        |     27189 | NS      | $2231596.42   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| EXOR N.V.                                                | EXOR N.V.                                                  | CUSIP: N/A<br>LEI: 5493002ENHZ6NYET7405       | Long             | EC               | CORP              | NL        |     17745 | NS      | $1715221.91   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Advance Residence Investment Corp.                       | Advance Residence Investment Corp.                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      2413 | NS      | $2493709.20   | 0.64%             |  |  |  | No            |                  2 | On Loan: —       |
| CGI Inc.                                                 | CGI Inc., Class A                                          | CUSIP: 12532H104<br>LEI: 549300WSRCZY73ZG3090 | Long             | EC               | CORP              | CA        |     16441 | NS      | $1588505.86   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyu Corp.                                              | Tokyu Corp.                                                | CUSIP: N/A<br>LEI: 3538005PGNIBTZYXAE45       | Long             | EC               | CORP              | JP        |    144298 | NS      | $1627614.23   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Tire Corp., Ltd.                                | Canadian Tire Corp., Ltd., Class A                         | CUSIP: 136681202<br>LEI: 549300RLHDA7VQYMUB14 | Long             | EC               | CORP              | CA        |     13299 | NS      | $1785127.79   | 0.46%             |  |  |  | No            |                  1 | On Loan: —       |
| Engie                                                    | Engie                                                      | CUSIP: N/A<br>LEI: LAXUQCHT4FH58LRZDY46       | Long             | EC               | CORP              | FR        |     88415 | NS      | $1993248.13   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Credit Agricole S.A.                                     | Credit Agricole S.A.                                       | CUSIP: N/A<br>LEI: 969500TJ5KRTCJQWXH05       | Long             | EC               | CORP              | FR        |     96573 | NS      | $1782599.14   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| United Urban Investment Corp.                            | United Urban Investment Corp.                              | CUSIP: N/A<br>LEI: 353800GYZWBD7BDCN841       | Long             | EC               | CORP              | JP        |      2308 | NS      | $2539270.18   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Hong Kong and China Gas Co. Ltd. (The)                   | Hong Kong and China Gas Co. Ltd. (The)                     | CUSIP: Y33370100<br>LEI: 254900P7BETXGC7YU827 | Long             | EC               | CORP              | HK        |   2316531 | NS      | $2067650.29   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Oversea-Chinese Banking Corp. Ltd.                       | Oversea-Chinese Banking Corp. Ltd.                         | CUSIP: N/A<br>LEI: 5493007O3QFXCPOGWK22       | Long             | EC               | CORP              | SG        |    151106 | NS      | $1959792.70   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Mizrahi Tefahot Ltd.                                | Bank Mizrahi Tefahot Ltd.                                  | CUSIP: N/A<br>LEI: YZO9YEGEO4VYDZMDWF93       | Long             | EC               | CORP              | IL        |     30525 | NS      | $1888314.11   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Elisa Corp.                                              | Elisa Corp.                                                | CUSIP: N/A<br>LEI: 743700TU2S3DXWGU7H32       | Long             | EC               | CORP              | FI        |     38392 | NS      | $1981172.92   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Loblaw Cos. Ltd.                                         | Loblaw Cos. Ltd.                                           | CUSIP: 539481101<br>LEI: 5493008LN3O1DIDTSH67 | Long             | EC               | CORP              | CA        |     12977 | NS      | $2103183.53   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Singapore Telecommunications Ltd.                        | Singapore Telecommunications Ltd.                          | CUSIP: Y79985209<br>LEI: 2549003XJKIQO8YDYD89 | Long             | EC               | CORP              | SG        |    569728 | NS      | $1699247.85   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Jardine Cycle & Carriage Ltd.                            | Jardine Cycle & Carriage Ltd.                              | CUSIP: Y43703100<br>LEI: 254900WEP6OCEXFWML09 | Long             | EC               | CORP              | SG        |    110367 | NS      | $2236719.91   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Terna S.p.A.                                             | Terna S.p.A.                                               | CUSIP: N/A<br>LEI: 8156009E94ED54DE7C31       | Long             | EC               | CORP              | IT        |    200662 | NS      | $1947296.82   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                              | Toronto-Dominion Bank (The)                                | CUSIP: 891160509<br>LEI: PT3QB789TSUIDF371261 | Long             | EC               | CORP              | CA        |     28361 | NS      | $2070226.84   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Wesfarmers Ltd.                                          | Wesfarmers Ltd.                                            | CUSIP: Q95870103<br>LEI: 5493003L32ZX9557ST85 | Long             | EC               | CORP              | AU        |     32820 | NS      | $1798591.72   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Kirin Holdings Co., Ltd.                                 | Kirin Holdings Co., Ltd.                                   | CUSIP: 497350108<br>LEI: 353800GBVL72LLMTYM96 | Long             | EC               | CORP              | JP        |    137257 | NS      | $1812393.53   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Zurich Insurance Group Ltd.                              | Zurich Insurance Group Ltd.                                | CUSIP: N/A<br>LEI: 529900QVNRBND50TXP03       | Long             | EC               | CORP              | CH        |      2863 | NS      | $1953352.37   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| EMS-Chemie Holding AG                                    | EMS-Chemie Holding AG                                      | CUSIP: N/A<br>LEI: 529900G1XFTGSE0DIX60       | Long             | EC               | CORP              | CH        |      2476 | NS      | $1948575.84   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| ASX Ltd.                                                 | ASX Ltd.                                                   | CUSIP: N/A<br>LEI: 549300VSBVYUCBIQKT71       | Long             | EC               | CORP              | AU        |     37056 | NS      | $1664104.93   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Wolters Kluwer N.V.                                      | Wolters Kluwer N.V.                                        | CUSIP: N/A<br>LEI: 724500TEM53I0U077B74       | Long             | EC               | CORP              | NL        |     10018 | NS      | $1564974.83   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| RELX PLC                                                 | RELX PLC                                                   | CUSIP: N/A<br>LEI: 549300WSX3VBUFFJOO66       | Long             | EC               | CORP              | GB        |     36903 | NS      | $1921441.54   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| First International Bank of Israel Ltd. (The)            | First International Bank of Israel Ltd. (The)              | CUSIP: N/A<br>LEI: 2138002RV6AUUX19F397       | Long             | EC               | CORP              | IL        |     30074 | NS      | $2091823.27   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Orica Ltd.                                               | Orica Ltd.                                                 | CUSIP: Q7160T109<br>LEI: 5493008IHK1CVI000P92 | Long             | EC               | CORP              | AU        |    137303 | NS      | $1878519.60   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Ackermans & van Haaren N.V.                              | Ackermans & van Haaren N.V.                                | CUSIP: B01165156<br>LEI: 5493005E2GHATS0Z6J59 | Long             | EC               | CORP              | BE        |      6996 | NS      | $1721132.56   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                                    | Westpac Banking Corp.                                      | CUSIP: N/A<br>LEI: EN5TNI6CI43VEPAMHL14       | Long             | EC               | CORP              | AU        |     81721 | NS      | $1767662.63   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Cleanaway Waste Management Ltd.                          | Cleanaway Waste Management Ltd.                            | CUSIP: Q2506H109<br>LEI: 549300D5C72CV6CIBS66 | Long             | EC               | CORP              | AU        |   1149263 | NS      | $2121956.16   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Dollarama Inc.                                           | Dollarama Inc.                                             | CUSIP: 25675T107<br>LEI: 5493002GJ0NJP1HI0C79 | Long             | EC               | CORP              | CA        |     12051 | NS      | $1650731.17   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Allianz SE                                               | Allianz SE                                                 | CUSIP: N/A<br>LEI: 529900K9B0N5BT694847       | Long             | EC               | CORP              | DE        |      4960 | NS      | $1965837.70   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Sino Land Co. Ltd.                                       | Sino Land Co. Ltd.                                         | CUSIP: Y80267126<br>LEI: 529900G5P51053HJVZ92 | Long             | EC               | CORP              | HK        |   1781635 | NS      | $2053689.76   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Nisshin Seifun Group Inc.                                | Nisshin Seifun Group Inc.                                  | CUSIP: J57633109<br>LEI: 529900N4QFZS1P6PYX29 | Long             | EC               | CORP              | JP        |    156549 | NS      | $1818366.56   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlas Arteria Ltd.                                       | Atlas Arteria Ltd.                                         | CUSIP: Q06180105<br>LEI: 254900SGF4ZQDBH2YC59 | Long             | EC               | CORP              | AU        |    511653 | NS      | $1693240.02   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| MTR Corp. Ltd.                                           | MTR Corp. Ltd.                                             | CUSIP: N/A<br>LEI: 254900IH4U9NHH9AQM97       | Long             | EC               | CORP              | HK        |    485901 | NS      | $1747917.49   | 0.45%             |  |  |  | No            |                  2 | On Loan: —       |
| Coca-Cola Europacific Partners PLC                       | Coca-Cola Europacific Partners PLC                         | CUSIP: G25839104<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |     20551 | NS      | $1991802.92   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Henkel AG & Co. KGaA                                     | Henkel AG & Co. KGaA, Preference Shares                    | CUSIP: N/A<br>LEI: 549300VZCL1HTH4O4Y49       | Long             | EP               | CORP              | DE        |     24521 | NS      | $1895114.73   | 0.48%             |  |  |  | No            |                  2 | On Loan: —       |
| Iberdrola, S.A.                                          | Iberdrola, S.A.                                            | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |    110466 | NS      | $1947293.68   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Invesco Government & Agency Portfolio                    | Invesco Government & Agency Portfolio, Institutional Class | CUSIP: 825252885<br>LEI: 5493007T1J7WZ5QI1A47 | Long             | STIV             | RF                | US        |     34342 | NS      | $34341.57     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Swisscom AG                                              | Swisscom AG                                                | CUSIP: N/A<br>LEI: 5493005SL9HHOXS3B739       | Long             | EC               | CORP              | CH        |      3801 | NS      | $2641717.58   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| FirstService Corp.                                       | FirstService Corp.                                         | CUSIP: 33767E202<br>LEI: 5493000XUDIV75BCF118 | Long             | EC               | CORP              | CA        |     10244 | NS      | $2023681.81   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Imperial Bank of Commerce                       | Canadian Imperial Bank of Commerce                         | CUSIP: 136069101<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | EC               | CORP              | CA        |     31245 | NS      | $2238032.87   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| AB Industrivarden (publ)                                 | AB Industrivarden (publ), Class C                          | CUSIP: N/A<br>LEI: 549300TM1DLIQI3B3T37       | Long             | EC               | CORP              | SE        |     49857 | NS      | $1846758.65   | 0.47%             |  |  |  | No            |                  2 | On Loan: —       |
| Veolia Environnement S.A.                                | Veolia Environnement S.A.                                  | CUSIP: N/A<br>LEI: 969500LENY69X51OOT31       | Long             | EC               | CORP              | FR        |     48980 | NS      | $1664760.75   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever PLC                                             | Unilever PLC                                               | CUSIP: G92087165<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |     33328 | NS      | $1937660.77   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| ANA Holdings Inc.                                        | ANA Holdings Inc.                                          | CUSIP: N/A<br>LEI: 5493008IRKIY0G3TE305       | Long             | EC               | CORP              | JP        |     97823 | NS      | $1817565.23   | 0.47%             |  |  |  | No            |                  2 | On Loan: —       |
| Genting Singapore Ltd.                                   | Genting Singapore Ltd.                                     | CUSIP: N/A<br>LEI: 254900Y2N3AK93K1O866       | Long             | EC               | CORP              | SG        |   3218452 | NS      | $1816947.45   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Keppel Ltd.                                              | Keppel Ltd.                                                | CUSIP: N/A<br>LEI: 254900SQ7IPDOY6IDW33       | Long             | EC               | CORP              | SG        |    321699 | NS      | $2091719.46   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Invesco Private Government Fund                          | Invesco Private Government Fund                            | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |   8525746 | NS      | $8525745.71   | 2.18%             |  |  |  | No            |                  2 | On Loan: No      |
| London Stock Exchange Group PLC                          | London Stock Exchange Group PLC                            | CUSIP: N/A<br>LEI: 213800QAUUUP6I445N30       | Long             | EC               | CORP              | GB        |     11818 | NS      | $1443502.31   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| TC Energy Corp.                                          | TC Energy Corp.                                            | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |     38796 | NS      | $1856528.41   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto PLC                                            | Rio Tinto PLC                                              | CUSIP: N/A<br>LEI: 213800YOEO5OQ72G2R82       | Long             | EC               | CORP              | GB        |     28711 | NS      | $1713508.21   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| TotalEnergies SE                                         | TotalEnergies SE                                           | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |     28158 | NS      | $1679345.57   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Gjensidige Forsikring ASA                                | Gjensidige Forsikring ASA                                  | CUSIP: N/A<br>LEI: 5967007LIEEXZX6FAO47       | Long             | EC               | CORP              | NO        |     69070 | NS      | $1824778.79   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Telekom AG                                      | Deutsche Telekom AG                                        | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |     52160 | NS      | $1876258.85   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Hapoalim Ltd.                                       | Bank Hapoalim Ltd.                                         | CUSIP: N/A<br>LEI: B6ARUI4946ST4S7WOU88       | Long             | EC               | CORP              | IL        |    103659 | NS      | $1946675.81   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Symrise AG                                               | Symrise AG                                                 | CUSIP: N/A<br>LEI: 529900D82I6R9601CF26       | Long             | EC               | CORP              | DE        |     16383 | NS      | $1489434.77   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| TMX Group Ltd.                                           | TMX Group Ltd.                                             | CUSIP: 87262K105<br>LEI: 549300N65GFVKSHGJW59 | Long             | EC               | CORP              | CA        |     47971 | NS      | $1954855.98   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Lottery Corp. Ltd. (The)                                 | Lottery Corp. Ltd. (The)                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    660260 | NS      | $2294311.32   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Stockland                                                | Stockland                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    466408 | NS      | $1656638.91   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| National Australia Bank Ltd.                             | National Australia Bank Ltd.                               | CUSIP: N/A<br>LEI: F8SB4JFBSYQFRQEH3Z21       | Long             | EC               | CORP              | AU        |     66456 | NS      | $1652295.27   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Auto Trader Group PLC                                    | Auto Trader Group PLC                                      | CUSIP: N/A<br>LEI: 213800QLK9BZILB1DI86       | Long             | EC               | CORP              | GB        |    154953 | NS      | $1714147.85   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Scentre Group Ltd.                                       | Scentre Group Ltd.                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    791644 | NS      | $1898131.78   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                     | Royal Bank of Canada                                       | CUSIP: 780087102<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | EC               | CORP              | CA        |     17766 | NS      | $2284631.40   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Assets Holdings Ltd.                               | Power Assets Holdings Ltd.                                 | CUSIP: N/A<br>LEI: 254900JOWYUW1ZX4DF47       | Long             | EC               | CORP              | HK        |    293856 | NS      | $1934776.80   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Sonic Healthcare Ltd.                                    | Sonic Healthcare Ltd.                                      | CUSIP: N/A<br>LEI: 549300NQQ5L2NONWR862       | Long             | EC               | CORP              | AU        |    104254 | NS      | $1844444.13   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Essity AB                                                | Essity AB, Class B                                         | CUSIP: N/A<br>LEI: 549300G8E6YUVJ1DA153       | Long             | EC               | CORP              | SE        |     66929 | NS      | $1655283.70   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Vinci S.A.                                               | Vinci S.A.                                                 | CUSIP: N/A<br>LEI: 213800WFQ334R8UXUG83       | Long             | EC               | CORP              | FR        |     11861 | NS      | $1652435.41   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Aviva PLC                                                | Aviva PLC                                                  | CUSIP: N/A<br>LEI: YF0Y5B0IB8SM0ZFG9G81       | Long             | EC               | CORP              | GB        |    215331 | NS      | $1843551.89   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Emera Inc.                                               | Emera Inc.                                                 | CUSIP: 290876101<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | EC               | CORP              | CA        |     51209 | NS      | $2409791.72   | 0.62%             |  |  |  | No            |                  1 | On Loan: —       |
| Sun Life Financial Inc.                                  | Sun Life Financial Inc.                                    | CUSIP: 866796105<br>LEI: 549300V040JZX5S66Z78 | Long             | EC               | CORP              | CA        |     31317 | NS      | $1913609.03   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesco PLC                                                | Tesco PLC                                                  | CUSIP: N/A<br>LEI: 2138002P5RNKC5W2JZ46       | Long             | EC               | CORP              | GB        |    331509 | NS      | $1866366.40   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Enel S.p.A.                                              | Enel S.p.A.                                                | CUSIP: N/A<br>LEI: WOCMU6HCI0OJWNPRZS33       | Long             | EC               | CORP              | IT        |    210681 | NS      | $1863301.24   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| E.ON SE                                                  | E.ON SE                                                    | CUSIP: N/A<br>LEI: Q9MAIUP40P25UFBFG033       | Long             | EC               | CORP              | DE        |    102644 | NS      | $1878057.82   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Haseko Corp.                                             | Haseko Corp.                                               | CUSIP: J18984153<br>LEI: 529900EH7TSG348O4045 | Long             | EC               | CORP              | JP        |    116417 | NS      | $1735426.30   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Telia Co. AB                                             | Telia Co. AB                                               | CUSIP: N/A<br>LEI: 213800FSR9RNDUOTXO25       | Long             | EC               | CORP              | SE        |    504798 | NS      | $1788180.17   | 0.46%             |  |  |  | No            |                  2 | On Loan: —       |
| Toromont Industries Ltd.                                 | Toromont Industries Ltd.                                   | CUSIP: 891102105<br>LEI: 5493008W5EPRSLQ0B737 | Long             | EC               | CORP              | CA        |     20892 | NS      | $2122973.55   | 0.54%             |  |  |  | No            |                  1 | On Loan: —       |
| Mapletree Pan Asia Commercial Trust                      | Mapletree Pan Asia Commercial Trust                        | CUSIP: Y5759T101<br>LEI: 549300BF18K4IC5LZ208 | Long             | EC               | CORP              | SG        |   1953275 | NS      | $1937076.38   | 0.50%             |  |  |  | No            |                  2 | On Loan: —       |
| Great-West Lifeco Inc.                                   | Great-West Lifeco Inc.                                     | CUSIP: 39138C106<br>LEI: 549300X81X4VZEESFU46 | Long             | EC               | CORP              | CA        |     50914 | NS      | $1916064.82   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Vice President