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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TD SYNNEX Corp.</name>
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          <isin value="US87162W1009"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RBC Bearings Inc.</name>
        <lei>N/A</lei>
        <title>RBC Bearings Inc.</title>
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          <isin value="US75524B1044"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Janus Henderson Group PLC</name>
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          <isin value="JE00BYPZJM29"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alaska Air Group, Inc.</name>
        <lei>529900G48RT4KWLC6C27</lei>
        <title>Alaska Air Group, Inc.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Encompass Health Corp.</name>
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        <title>Encompass Health Corp.</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Flex Ltd.</name>
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        <title>Flex Ltd.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Old Republic International Corp.</name>
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        <title>Old Republic International Corp.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BJ's Wholesale Club Holdings, Inc.</name>
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        <title>BJ's Wholesale Club Holdings, Inc.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Watts Water Technologies, Inc.</name>
        <lei>549300REJOO94ERQN318</lei>
        <title>Watts Water Technologies, Inc., Class A</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Avis Budget Group, Inc.</name>
        <lei>529900E95812SYWMCE44</lei>
        <title>Avis Budget Group, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Hanover Insurance Group, Inc. (The)</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Antero Midstream Corp.</name>
        <lei>N/A</lei>
        <title>Antero Midstream Corp.</title>
        <cusip>03676B102</cusip>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Casey's General Stores, Inc.</name>
        <lei>549300CAFWSI86V66Q65</lei>
        <title>Casey's General Stores, Inc.</title>
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        <name>MasTec, Inc.</name>
        <lei>549300TMDIT8WREDOF45</lei>
        <title>MasTec, Inc.</title>
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        <name>Boyd Gaming Corp.</name>
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        <name>National Fuel Gas Co.</name>
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        <title>National Fuel Gas Co.</title>
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        <name>NewMarket Corp.</name>
        <lei>54930082CG88ERDREQ47</lei>
        <title>NewMarket Corp.</title>
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        <name>Sabra Health Care REIT, Inc.</name>
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        <title>Sabra Health Care REIT, Inc.</title>
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        <name>Chewy, Inc.</name>
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        <title>Chewy, Inc., Class A</title>
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        <name>ExlService Holdings, Inc.</name>
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        <name>Invesco Government &amp; Agency Portfolio</name>
        <lei>5493007T1J7WZ5QI1A47</lei>
        <title>Invesco Government &amp; Agency Portfolio, Institutional Class</title>
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        <assetCat>STIV</assetCat>
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        <name>Carpenter Technology Corp.</name>
        <lei>DX6I6ZD3X5WNNCDJKP85</lei>
        <title>Carpenter Technology Corp.</title>
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        <name>IDACORP, Inc.</name>
        <lei>N134NUJDWN8UEFA8B673</lei>
        <title>IDACORP, Inc.</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>UGI Corp.</name>
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      <invstOrSec>
        <name>APi Group Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Invesco Private Government Fund</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Shift4 Payments, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Invesco Private Prime Fund</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OGE Energy Corp.</name>
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        <title>OGE Energy Corp.</title>
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          <isin value="US6708371033"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Travel + Leisure Co.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TXNM Energy, Inc.</name>
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        <title>TXNM Energy, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SEI Investments Co.</name>
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        <title>SEI Investments Co.</title>
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          <isin value="US7841171033"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hims &amp; Hers Health, Inc.</name>
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        <title>Hims &amp; Hers Health, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Doximity, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>DT Midstream, Inc.</name>
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      <invstOrSec>
        <name>Duolingo, Inc.</name>
        <lei>N/A</lei>
        <title>Duolingo, Inc.</title>
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      <invstOrSec>
        <name>Pilgrim's Pride Corp.</name>
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        <title>Pilgrim's Pride Corp.</title>
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        <name>Kyndryl Holdings, Inc.</name>
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        <name>FirstCash Holdings, Inc.</name>
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        <name>ESAB Corp.</name>
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        <title>ESAB Corp.</title>
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        <name>Exelixis, Inc.</name>
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        <title>Exelixis, Inc.</title>
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        <name>Acuity Inc.</name>
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        <name>RB Global, Inc.</name>
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        <name>Curtiss-Wright Corp.</name>
        <lei>TEL51ETZWP7D0ZM4X325</lei>
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        <name>SLM Corp.</name>
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        <title>SLM Corp.</title>
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        <name>Maplebear Inc.</name>
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        <name>Talen Energy Corp.</name>
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        <title>Talen Energy Corp.</title>
        <cusip>87422Q109</cusip>
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      <invstOrSec>
        <name>Stifel Financial Corp.</name>
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      <invstOrSec>
        <name>Guidewire Software, Inc.</name>
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      <invstOrSec>
        <name>Five Below, Inc.</name>
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        <name>Somnigroup International Inc.</name>
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      <invstOrSec>
        <name>Comerica Inc.</name>
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        <name>W.P. Carey Inc.</name>
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        <name>Federated Hermes, Inc.</name>
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        <name>EPR Properties</name>
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        <name>First Horizon Corp.</name>
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        <name>Ciena Corp.</name>
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        <name>Unum Group</name>
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        <name>Ryder System, Inc.</name>
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        <name>Vornado Realty Trust</name>
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        <name>Sprouts Farmers Market, Inc.</name>
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        <name>Genpact Ltd.</name>
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        <name>Applied Industrial Technologies, Inc.</name>
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        <name>Aramark</name>
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        <name>Omega Healthcare Investors, Inc.</name>
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        <name>AeroVironment, Inc.</name>
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        <name>Belden Inc.</name>
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        <name>Woodward, Inc.</name>
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        <name>Masimo Corp.</name>
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        <name>AECOM</name>
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        <name>Pegasystems Inc.</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BWX Technologies, Inc.</name>
        <lei>549300NP85N265KWMS58</lei>
        <title>BWX Technologies, Inc.</title>
        <cusip>05605H100</cusip>
        <identifiers>
          <isin value="US05605H1005"/>
        </identifiers>
        <balance>653012.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>134148255.16000000</valUSD>
        <pctVal>2.570315510216</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="10146019.14000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lumentum Holdings Inc.</name>
        <lei>549300JLWRRC38DWEF52</lei>
        <title>Lumentum Holdings Inc.</title>
        <cusip>55024U109</cusip>
        <identifiers>
          <isin value="US55024U1097"/>
        </identifiers>
        <balance>523156.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>204993447.04000000</valUSD>
        <pctVal>3.927727839555</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="197556930.56000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ollie's Bargain Outlet Holdings, Inc.</name>
        <lei>529900YO5DSQCPEFDZ05</lei>
        <title>Ollie's Bargain Outlet Holdings, Inc.</title>
        <cusip>681116109</cusip>
        <identifiers>
          <isin value="US6811161099"/>
        </identifiers>
        <balance>314833.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>34729228.23000000</valUSD>
        <pctVal>0.665421058745</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="225246.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Planet Fitness, Inc.</name>
        <lei>549300LLE5HUPF6H8G33</lei>
        <title>Planet Fitness, Inc., Class A</title>
        <cusip>72703H101</cusip>
        <identifiers>
          <isin value="US72703H1014"/>
        </identifiers>
        <balance>598363.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>54474967.52000000</valUSD>
        <pctVal>1.043754566678</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="596505.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Penumbra, Inc.</name>
        <lei>549300RGE06P3ECANU72</lei>
        <title>Penumbra, Inc.</title>
        <cusip>70975L107</cusip>
        <identifiers>
          <isin value="US70975L1070"/>
        </identifiers>
        <balance>247836.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>88767420.12000000</valUSD>
        <pctVal>1.700806890587</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Houlihan Lokey, Inc.</name>
        <lei>549300S3CNGTQ1QZVY46</lei>
        <title>Houlihan Lokey, Inc.</title>
        <cusip>441593100</cusip>
        <identifiers>
          <isin value="US4415931009"/>
        </identifiers>
        <balance>286009.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>48141034.88000000</valUSD>
        <pctVal>0.922394767508</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="50643.00000000"/>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-03-02</ncom:dateSigned>
      <ncom:nameOfApplicant>Invesco Exchange-Traded Fund Trust</ncom:nameOfApplicant>
      <ncom:signature>Adrien Deberghes</ncom:signature>
      <ncom:signerName>Adrien Deberghes</ncom:signerName>
      <ncom:title>Vice President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
