NPORT-EX 2 edgar.htm
Schedule of Investments(a)
Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ)
January 31, 2024
(Unaudited)
  Shares   Value
Common Stocks & Other Equity Interests-100.01%
Aluminum-3.34%
Alcoa Corp.
  43,313   $1,288,561
Century Aluminum Co.(b)
  82,703   922,138
        2,210,699
Automotive Retail-1.72%
Valvoline, Inc.(b)(c)
  31,264   1,140,823
Commodity Chemicals-15.81%
Cabot Corp.
  14,306   1,031,463
Dow, Inc.
  26,815   1,437,284
Hawkins, Inc.
  14,308   952,484
LyondellBasell Industries N.V., Class A
  26,052   2,452,014
Olin Corp.
  41,890   2,181,212
Orion S.A. (Germany)
  37,170   832,608
Westlake Corp.
  11,330   1,567,505
        10,454,570
Construction Materials-1.79%
Summit Materials, Inc., Class A(b)
  32,716   1,183,665
Copper-2.08%
Freeport-McMoRan, Inc.
  34,679   1,376,410
Diversified Chemicals-1.62%
Huntsman Corp.
  43,555   1,068,840
Diversified Metals & Mining-1.43%
Materion Corp.(c)
  8,086   945,820
Fertilizers & Agricultural Chemicals-4.04%
Corteva, Inc.
  30,571   1,390,369
Scotts Miracle-Gro Co. (The)(c)
  22,712   1,277,777
        2,668,146
Forest Products-2.37%
Louisiana-Pacific Corp.
  23,505   1,564,258
Gold-1.45%
Royal Gold, Inc.(c)
  8,375   958,016
Household Appliances-2.31%
Worthington Enterprises, Inc.(c)
  26,770   1,526,961
Industrial Gases-7.09%
Air Products and Chemicals, Inc.
  9,445   2,415,181
Linde PLC
  5,621   2,275,549
        4,690,730
Metal, Glass & Plastic Containers-1.46%
O-I Glass, Inc.(b)
  66,506   968,327
Paper & Plastic Packaging Products & Materials-4.08%
Avery Dennison Corp.
  13,511   2,694,769
Paper Products-1.42%
Sylvamo Corp.
  20,171   936,540
Silver-1.16%
Hecla Mining Co.(c)
  200,671   764,557
Specialty Chemicals-24.04%
Avient Corp.
  30,024   1,087,169
Celanese Corp.(c)
  10,103   1,477,968
  Shares   Value
Specialty Chemicals-(continued)
Ecolab, Inc.
  7,047   $1,396,856
Element Solutions, Inc.
  51,029   1,134,375
H.B. Fuller Co.
  13,252   1,004,104
Innospec, Inc.
  7,811   906,935
International Flavors & Fragrances, Inc.
  17,169   1,385,195
Minerals Technologies, Inc.
  12,278   802,367
NewMarket Corp.
  2,161   1,205,427
PPG Industries, Inc.
  9,165   1,292,632
Quaker Chemical Corp.(c)
  4,884   927,667
RPM International, Inc.
  23,082   2,461,926
Stepan Co.
  9,055   808,340
        15,890,961
Steel-21.39%
ATI, Inc.(b)(c)
  40,173   1,641,870
Carpenter Technology Corp.
  24,851   1,530,573
Cleveland-Cliffs, Inc.(b)
  71,775   1,439,089
Commercial Metals Co.
  26,537   1,385,762
Nucor Corp.
  13,532   2,529,537
Reliance Steel & Aluminum Co.
  9,031   2,577,628
Ryerson Holding Corp.
  27,132   931,170
Steel Dynamics, Inc.
  17,417   2,102,058
        14,137,687
Timber REITs-1.41%
PotlatchDeltic Corp.
  20,814   931,010
Total Common Stocks & Other Equity Interests

(Cost $61,372,541)
  66,112,789
Money Market Funds-0.18%
Invesco Government & Agency Portfolio, Institutional Class, 5.24%(d)(e)

(Cost $117,297)
  117,297   117,297
TOTAL INVESTMENTS IN SECURITIES

(excluding investments purchased with cash collateral from securities on loan)-100.19%

(Cost $61,489,838)
  66,230,086
Investments Purchased with Cash Collateral
from Securities on Loan
Money Market Funds-11.97%
Invesco Private Government Fund, 5.29%(d)(e)(f)
  2,215,496   2,215,496
Invesco Private Prime Fund, 5.52%(d)(e)(f)
  5,693,005   5,696,990
Total Investments Purchased with Cash Collateral from Securities on Loan

(Cost $7,912,486)
  7,912,486
TOTAL INVESTMENTS IN SECURITIES-112.16%

(Cost $69,402,324)
  74,142,572
OTHER ASSETS LESS LIABILITIES-(12.16)%
  (8,035,809)
NET ASSETS-100.00%
  $66,106,763
See accompanying notes which are an integral part of this schedule.
Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ)—(continued)
January 31, 2024
(Unaudited)
Investment Abbreviations:
REIT -Real Estate Investment Trust
    
Notes to Schedule of Investments:
(a) Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
(b) Non-income producing security.
(c) All or a portion of this security was out on loan at January 31, 2024.
(d) Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in 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 affiliates for the nine months ended January 31, 2024.
    
  Value
April 30, 2023 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation 		  Realized
Gain 		  Value
January 31, 2024 		  Dividend
Income
Investments in Affiliated Money Market Funds:                          
Invesco Government & Agency Portfolio, Institutional Class $180,435   $2,449,201   $(2,512,339)   $-   $-   $117,297   $8,242
Investments Purchased with Cash Collateral from Securities on Loan:                          
Invesco Private Government Fund 5,834,163   50,566,653   (54,185,320)   -   -   2,215,496   174,408*
Invesco Private Prime Fund 15,002,132   106,817,354   (116,128,931)   329   6,106   5,696,990   465,741*
Total $21,016,730   $159,833,208   $(172,826,590)   $329   $6,106   $8,029,783   $648,391
    
* 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.
    
(e) The rate shown is the 7-day SEC standardized yield as of January 31, 2024.
(f) 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(a)
Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (PEZ)
January 31, 2024
(Unaudited)
  Shares   Value
Common Stocks & Other Equity Interests-100.00%
Apparel Retail-8.83%
Abercrombie & Fitch Co., Class A(b)(c)
  26,160   $2,665,704
Buckle, Inc. (The)(c)
  20,478   761,577
Gap, Inc. (The)
  63,929   1,194,833
        4,622,114
Apparel, Accessories & Luxury Goods-1.31%
G-III Apparel Group Ltd.(b)(c)
  22,811   686,383
Automotive Parts & Equipment-2.61%
Modine Manufacturing Co.(b)(c)
  19,740   1,363,837
Automotive Retail-6.65%
Group 1 Automotive, Inc.(c)
  3,681   957,281
Murphy USA, Inc.
  4,414   1,556,023
Penske Automotive Group, Inc.(c)
  6,525   968,114
        3,481,418
Casinos & Gaming-3.20%
DraftKings, Inc., Class A(b)
  42,917   1,675,909
Education Services-2.60%
Duolingo, Inc.(b)
  7,608   1,360,995
Footwear-3.96%
Deckers Outdoor Corp.(b)
  2,750   2,072,757
Health Care Distributors-6.21%
Cardinal Health, Inc.
  14,783   1,614,156
McKesson Corp.
  3,273   1,636,140
        3,250,296
Home Furnishings-3.52%
Tempur Sealy International, Inc.
  36,929   1,842,388
Home Improvement Retail-2.15%
Floor & Decor Holdings, Inc., Class A(b)(c)
  11,192   1,125,467
Homebuilding-28.50%
Beazer Homes USA, Inc.(b)
  16,905   536,734
D.R. Horton, Inc.
  8,637   1,234,314
Dream Finders Homes, Inc., Class A(b)(c)
  17,148   563,655
Green Brick Partners, Inc.(b)
  16,929   883,186
Hovnanian Enterprises, Inc., Class A(b)
  4,283   723,698
Installed Building Products, Inc.(c)
  4,403   857,925
KB Home(c)
  19,825   1,181,372
Lennar Corp., Class A
  8,042   1,205,094
M/I Homes, Inc.(b)(c)
  7,641   973,616
Meritage Homes Corp.(c)
  4,473   740,773
NVR, Inc.(b)
  196   1,386,757
PulteGroup, Inc.
  13,984   1,462,167
Toll Brothers, Inc.
  19,331   1,920,535
TopBuild Corp.(b)
  3,373   1,245,075
        14,914,901
  Shares   Value
Hotels, Resorts & Cruise Lines-3.31%
Royal Caribbean Cruises Ltd.(b)
  13,592   $1,732,980
Movies & Entertainment-2.97%
Netflix, Inc.(b)
  2,751   1,551,867
Other Specialty Retail-12.82%
Dick’s Sporting Goods, Inc.(c)
  14,161   2,110,980
Five Below, Inc.(b)(c)
  8,254   1,481,263
Signet Jewelers Ltd.(c)
  26,818   2,667,854
Winmark Corp.
  1,252   451,559
        6,711,656
Passenger Airlines-1.74%
SkyWest, Inc.(b)(c)
  17,082   909,787
Restaurants-7.76%
Chipotle Mexican Grill, Inc.(b)
  938   2,259,426
Wingstop, Inc.
  6,417   1,803,883
        4,063,309
Trading Companies & Distributors-1.86%
Beacon Roofing Supply, Inc.(b)
  11,728   972,134
Total Common Stocks & Other Equity Interests

(Cost $47,186,908)
  52,338,198
Money Market Funds-0.19%
Invesco Government & Agency Portfolio, Institutional Class, 5.24%(d)(e)

(Cost $97,960)
  97,960   97,960
TOTAL INVESTMENTS IN SECURITIES

(excluding investments purchased with cash collateral from securities on loan)-100.19%

(Cost $47,284,868)
  52,436,158
Investments Purchased with Cash Collateral
from Securities on Loan
Money Market Funds-15.27%
Invesco Private Government Fund, 5.29%(d)(e)(f)
  2,237,244   2,237,244
Invesco Private Prime Fund, 5.52%(d)(e)(f)
  5,748,887   5,752,911
Total Investments Purchased with Cash Collateral from Securities on Loan

(Cost $7,990,141)
  7,990,155
TOTAL INVESTMENTS IN SECURITIES-115.46%

(Cost $55,275,009)
  60,426,313
OTHER ASSETS LESS LIABILITIES-(15.46)%
  (8,090,798)
NET ASSETS-100.00%
  $52,335,515
See accompanying notes which are an integral part of this schedule.
Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (PEZ)—(continued)
January 31, 2024
(Unaudited)
Notes to Schedule of Investments:
(a) Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
(b) Non-income producing security.
(c) All or a portion of this security was out on loan at January 31, 2024.
(d) Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in 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 affiliates for the nine months ended January 31, 2024.
    
  Value
April 30, 2023 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation 		  Realized
Gain 		  Value
January 31, 2024 		  Dividend
Income
Investments in Affiliated Money Market Funds:                          
Invesco Government & Agency Portfolio, Institutional Class $144,833   $469,501   $(516,374)   $-   $-   $97,960   $5,201
Investments Purchased with Cash Collateral from Securities on Loan:                          
Invesco Private Government Fund 1,999,085   27,768,224   (27,530,065)   -   -   2,237,244   66,980*
Invesco Private Prime Fund 5,121,565   55,555,478   (54,927,193)   58   3,003   5,752,911   175,715*
Total $7,265,483   $83,793,203   $(82,973,632)   $58   $3,003   $8,088,115   $247,896
    
* 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.
    
(e) The rate shown is the 7-day SEC standardized yield as of January 31, 2024.
(f) 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(a)
Invesco Dorsey Wright Consumer Staples Momentum ETF (PSL)
January 31, 2024
(Unaudited)
  Shares   Value
Common Stocks & Other Equity Interests-99.90%
Agricultural Products & Services-2.82%
Ingredion, Inc.
  21,511   $2,313,938
Brewers-3.72%
Molson Coors Beverage Co., Class B
  49,379   3,051,128
Consumer Staples Merchandise Retail-4.72%
Costco Wholesale Corp.
  5,566   3,867,702
Education Services-14.13%
Adtalem Global Education, Inc.(b)
  49,177   2,482,455
Grand Canyon Education, Inc.(b)
  17,875   2,334,296
Laureate Education, Inc., Class A
  164,132   2,071,346
Perdoceo Education Corp.(c)
  121,900   2,206,390
Stride, Inc.(b)(c)
  41,609   2,494,460
        11,588,947
Food Distributors-10.59%
Andersons, Inc. (The)
  45,580   2,402,522
Performance Food Group Co.(b)
  42,471   3,086,792
US Foods Holding Corp.(b)
  69,394   3,192,818
        8,682,132
Food Retail-6.61%
Casey’s General Stores, Inc.
  9,023   2,448,481
Sprouts Farmers Market, Inc.(b)(c)
  58,975   2,970,571
        5,419,052
Household Products-6.78%
Procter & Gamble Co. (The)
  19,409   3,049,930
WD-40 Co.(c)
  9,698   2,511,588
        5,561,518
Packaged Foods & Meats-16.43%
Cal-Maine Foods, Inc.
  43,449   2,407,944
Freshpet, Inc.(b)(c)
  30,365   2,614,426
Kraft Heinz Co. (The)
  78,963   2,931,896
Mondelez International, Inc., Class A
  41,158   3,097,963
Post Holdings, Inc.(b)
  26,072   2,421,307
        13,473,536
Personal Care Products-14.59%
BellRing Brands, Inc.(b)(c)
  51,084   2,823,413
Coty, Inc., Class A(b)(c)
  225,072   2,718,870
e.l.f. Beauty, Inc.(b)(c)
  25,508   4,069,291
Inter Parfums, Inc.(c)
  16,864   2,346,625
        11,958,199
  Shares   Value
Soft Drinks & Non-alcoholic Beverages-13.56%
Coca-Cola Consolidated, Inc.
  3,462   $2,982,132
Monster Beverage Corp.(b)
  54,155   2,979,608
National Beverage Corp.(b)(c)
  43,301   2,002,238
PepsiCo, Inc.
  18,708   3,152,860
        11,116,838
Specialized Consumer Services-3.68%
H&R Block, Inc.(c)
  64,396   3,016,309
Tobacco-2.27%
Universal Corp.(c)
  32,058   1,857,761
Total Common Stocks & Other Equity Interests

(Cost $70,673,568)
  81,907,060
Money Market Funds-0.16%
Invesco Government & Agency Portfolio, Institutional Class, 5.24%(d)(e)

(Cost $127,240)
  127,240   127,240
TOTAL INVESTMENTS IN SECURITIES

(excluding investments purchased with cash collateral from securities on loan)-100.06%

(Cost $70,800,808)
  82,034,300
Investments Purchased with Cash Collateral
from Securities on Loan
Money Market Funds-14.99%
Invesco Private Government Fund, 5.29%(d)(e)(f)
  3,441,566   3,441,566
Invesco Private Prime Fund, 5.52%(d)(e)(f)
  8,843,550   8,849,740
Total Investments Purchased with Cash Collateral from Securities on Loan

(Cost $12,291,365)
  12,291,306
TOTAL INVESTMENTS IN SECURITIES-115.05%

(Cost $83,092,173)
  94,325,606
OTHER ASSETS LESS LIABILITIES-(15.05)%
  (12,340,109)
NET ASSETS-100.00%
  $81,985,497
Notes to Schedule of Investments:
(a) Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
(b) Non-income producing security.
(c) All or a portion of this security was out on loan at January 31, 2024.
(d) Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in 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 affiliates for the nine months ended January 31, 2024.
    
  Value
April 30, 2023 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation
(Depreciation) 		  Realized
Gain 		  Value
January 31, 2024 		  Dividend
Income
Investments in Affiliated Money Market Funds:                          
Invesco Government & Agency Portfolio, Institutional Class $146,579   $2,551,658   $(2,570,997)   $-   $-   $127,240   $7,522
See accompanying notes which are an integral part of this schedule.
Invesco Dorsey Wright Consumer Staples Momentum ETF (PSL)—(continued)
January 31, 2024
(Unaudited)
  Value
April 30, 2023 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation
(Depreciation) 		  Realized
Gain 		  Value
January 31, 2024 		  Dividend
Income
Investments Purchased with Cash Collateral from Securities on Loan:                          
Invesco Private Government Fund $3,940,344   $62,507,751   $(63,006,529)   $-   $-   $3,441,566   $154,333*
Invesco Private Prime Fund 10,132,313   107,486,819   (108,775,831)   (44)   6,483   8,849,740   410,285*
Total $14,219,236   $172,546,228   $(174,353,357)   $(44)   $6,483   $12,418,546   $572,140
    
* 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.
    
(e) The rate shown is the 7-day SEC standardized yield as of January 31, 2024.
(f) 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(a)
Invesco Dorsey Wright Energy Momentum ETF (PXI)
January 31, 2024
(Unaudited)
  Shares   Value
Common Stocks & Other Equity Interests-99.99%
Coal & Consumable Fuels-5.47%
Centrus Energy Corp., Class A(b)(c)
  53,776   $2,700,631
CONSOL Energy, Inc.
  30,080   2,845,568
        5,546,199
Integrated Oil & Gas-3.24%
Exxon Mobil Corp.
  31,938   3,283,546
Oil & Gas Drilling-2.65%
Valaris Ltd.(b)(c)
  43,531   2,693,263
Oil & Gas Equipment & Services-25.54%
ChampionX Corp.
  103,280   2,830,905
Helix Energy Solutions Group, Inc.(b)
  330,830   3,109,802
Liberty Energy, Inc., Class A(c)
  153,143   3,183,843
Newpark Resources, Inc.(b)
  388,947   2,524,266
Oceaneering International, Inc.(b)
  147,977   3,074,962
Schlumberger N.V.
  61,522   2,996,121
Tidewater, Inc.(b)(c)
  54,600   3,668,574
Weatherford International PLC(b)
  50,541   4,525,947
        25,914,420
Oil & Gas Exploration & Production-26.72%
California Resources Corp.(c)
  52,129   2,485,511
Chord Energy Corp.
  20,931   3,218,351
Civitas Resources, Inc.(c)
  47,027   3,047,820
EOG Resources, Inc.
  26,738   3,042,517
Gulfport Energy Corp.(b)
  23,285   2,954,866
Kosmos Energy Ltd. (Ghana)(b)(c)
  446,833   2,707,808
Murphy Oil Corp.
  73,214   2,833,382
Northern Oil and Gas, Inc.(c)
  93,295   3,125,382
Permian Resources Corp.(c)
  273,671   3,689,085
        27,104,722
Oil & Gas Refining & Marketing-13.77%
CVR Energy, Inc.(c)
  95,470   3,220,203
Marathon Petroleum Corp.
  22,006   3,644,194
Par Pacific Holdings, Inc.(b)
  89,121   3,260,937
PBF Energy, Inc., Class A
  76,235   3,850,630
        13,975,964
Oil & Gas Storage & Transportation-7.84%
Cheniere Energy, Inc.
  27,072   4,439,537
Targa Resources Corp.
  41,318   3,510,377
        7,949,914
  Shares   Value
Steel-14.76%
Alpha Metallurgical Resources, Inc.(c)
  13,173   $5,259,188
Arch Resources, Inc.
  17,362   3,072,380
Ramaco Resources, Inc., Class A(c)
  174,628   3,296,977
Warrior Met Coal, Inc.(c)
  52,172   3,347,877
        14,976,422
Total Common Stocks & Other Equity Interests

(Cost $96,366,895)
  101,444,450
Money Market Funds-0.18%
Invesco Government & Agency Portfolio, Institutional Class, 5.24%(d)(e)

(Cost $177,890)
  177,890   177,890
TOTAL INVESTMENTS IN SECURITIES

(excluding investments purchased with cash collateral from securities on loan)-100.17%

(Cost $96,544,785)
  101,622,340
Investments Purchased with Cash Collateral
from Securities on Loan
Money Market Funds-30.49%
Invesco Private Government Fund, 5.29%(d)(e)(f)
  8,662,292   8,662,292
Invesco Private Prime Fund, 5.52%(d)(e)(f)
  22,258,887   22,274,468
Total Investments Purchased with Cash Collateral from Securities on Loan

(Cost $30,936,491)
  30,936,760
TOTAL INVESTMENTS IN SECURITIES-130.66%

(Cost $127,481,276)
  132,559,100
OTHER ASSETS LESS LIABILITIES-(30.66)%
  (31,105,782)
NET ASSETS-100.00%
  $101,453,318
Notes to Schedule of Investments:
(a) Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
(b) Non-income producing security.
(c) All or a portion of this security was out on loan at January 31, 2024.
(d) Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in 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 affiliates for the nine months ended January 31, 2024.
    
  Value
April 30, 2023 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation 		  Realized
Gain 		  Value
January 31, 2024 		  Dividend
Income
Investments in Affiliated Money Market Funds:                          
Invesco Government & Agency Portfolio, Institutional Class $221,047   $2,974,493   $(3,017,650)   $-   $-   $177,890   $6,962
See accompanying notes which are an integral part of this schedule.
Invesco Dorsey Wright Energy Momentum ETF (PXI)—(continued)
January 31, 2024
(Unaudited)
  Value
April 30, 2023 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation 		  Realized
Gain 		  Value
January 31, 2024 		  Dividend
Income
Investments Purchased with Cash Collateral from Securities on Loan:                          
Invesco Private Government Fund $5,805,002   $79,413,808   $(76,556,518)   $-   $-   $8,662,292   $203,466*
Invesco Private Prime Fund 14,927,149   156,095,452   (148,758,557)   269   10,155   22,274,468   540,088*
Total $20,953,198   $238,483,753   $(228,332,725)   $269   $10,155   $31,114,650   $750,516
    
* 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.
    
(e) The rate shown is the 7-day SEC standardized yield as of January 31, 2024.
(f) 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(a)
Invesco Dorsey Wright Financial Momentum ETF (PFI)
January 31, 2024
(Unaudited)
  Shares   Value
Common Stocks & Other Equity Interests-99.97%
Asset Management & Custody Banks-8.27%
Ares Management Corp., Class A
  10,828   $1,315,385
KKR & Co., Inc., Class A
  9,758   844,848
        2,160,233
Commercial & Residential Mortgage Finance-6.45%
Federal Agricultural Mortgage Corp., Class C(b)
  1,925   358,608
MGIC Investment Corp.(b)
  18,668   370,373
Mr. Cooper Group, Inc.(b)(c)
  10,541   710,042
UWM Holdings Corp.(b)
  36,577   245,066
        1,684,089
Consumer Finance-6.73%
Enova International, Inc.(c)
  5,407   294,303
LendingTree, Inc.(b)(c)
  9,067   293,227
OneMain Holdings, Inc.
  8,095   385,322
SoFi Technologies, Inc.(b)(c)
  54,410   426,030
Upstart Holdings, Inc.(b)(c)
  11,320   359,523
        1,758,405
Diversified Banks-7.32%
First Citizens BancShares, Inc., Class A(b)
  495   747,450
JPMorgan Chase & Co.
  6,673   1,163,504
        1,910,954
Diversified Financial Services-5.70%
Apollo Global Management, Inc.
  11,166   1,121,066
Jackson Financial, Inc., Class A(b)
  7,328   366,913
        1,487,979
Financial Exchanges & Data-3.54%
Coinbase Global, Inc., Class A(b)(c)
  4,261   546,260
Donnelley Financial Solutions, Inc.(c)
  6,101   378,994
        925,254
Hotel & Resort REITs-2.00%
Ryman Hospitality Properties, Inc.(b)
  4,749   521,915
Insurance Brokers-10.29%
Arthur J. Gallagher & Co.
  3,771   875,475
Brown & Brown, Inc.
  9,221   715,181
Goosehead Insurance, Inc., Class A(c)
  4,833   373,108
Marsh & McLennan Cos., Inc.
  3,733   723,605
        2,687,369
Investment Banking & Brokerage-6.66%
BGC Group, Inc., Class A(b)
  39,227   276,943
Evercore, Inc., Class A
  2,335   400,989
Houlihan Lokey, Inc.(b)
  3,750   449,175
Moelis & Co., Class A(b)
  5,934   326,192
Piper Sandler Cos.
  1,651   286,432
        1,739,731
Life & Health Insurance-5.69%
Aflac, Inc.
  7,047   594,344
Genworth Financial, Inc., Class A(c)
  52,699   325,153
Primerica, Inc.
  2,420   566,667
        1,486,164
Office REITs-1.97%
SL Green Realty Corp.
  11,435   514,003
Property & Casualty Insurance-7.01%
Ambac Financial Group, Inc.(c)
  15,978   259,643
  Shares   Value
Property & Casualty Insurance-(continued)
Assured Guaranty Ltd.
  5,516   $447,513
Erie Indemnity Co., Class A(b)
  1,062   367,271
HCI Group, Inc.(b)
  3,339   299,408
MBIA, Inc.(b)(c)
  18,894   114,876
Old Republic International Corp.
  12,151   340,714
        1,829,425
Regional Banks-13.38%
BancFirst Corp.(b)
  2,640   233,666
Bancorp, Inc. (The)(b)(c)
  6,198   270,481
Customers Bancorp, Inc.(b)(c)
  5,776   308,669
First Bancorp
  29,994   500,300
Live Oak Bancshares, Inc.(b)
  5,625   204,581
OFG Bancorp
  8,572   315,193
Pathward Financial, Inc.(b)
  4,848   251,029
Popular, Inc.
  4,126   352,567
ServisFirst Bancshares, Inc.(b)
  5,444   365,510
Western Alliance Bancorporation
  10,834   692,943
        3,494,939
Retail REITs-3.21%
Simon Property Group, Inc.
  3,658   507,035
Tanger, Inc.
  12,355   332,350
        839,385
Trading Companies & Distributors-1.94%
FTAI Aviation Ltd.(b)
  9,368   505,404
Transaction & Payment Processing Services-9.81%
Mastercard, Inc., Class A
  3,354   1,506,718
Visa, Inc., Class A(b)
  3,866   1,056,423
        2,563,141
Total Common Stocks & Other Equity Interests

(Cost $22,651,143)
  26,108,390
Money Market Funds-0.36%
Invesco Government & Agency Portfolio, Institutional Class, 5.24%(d)(e)

(Cost $93,382)
  93,382   93,382
TOTAL INVESTMENTS IN SECURITIES

(excluding investments purchased with cash collateral from securities on loan)-100.33%

(Cost $22,744,525)
  26,201,772
Investments Purchased with Cash Collateral
from Securities on Loan
Money Market Funds-26.21%
Invesco Private Government Fund, 5.29%(d)(e)(f)
  1,917,015   1,917,015
Invesco Private Prime Fund, 5.52%(d)(e)(f)
  4,926,020   4,929,468
Total Investments Purchased with Cash Collateral from Securities on Loan

(Cost $6,846,481)
  6,846,483
TOTAL INVESTMENTS IN SECURITIES-126.54%

(Cost $29,591,006)
  33,048,255
OTHER ASSETS LESS LIABILITIES-(26.54)%
  (6,931,118)
NET ASSETS-100.00%
  $26,117,137
See accompanying notes which are an integral part of this schedule.
Invesco Dorsey Wright Financial Momentum ETF (PFI)—(continued)
January 31, 2024
(Unaudited)
Investment Abbreviations:
REIT -Real Estate Investment Trust
    
Notes to Schedule of Investments:
(a) Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
(b) All or a portion of this security was out on loan at January 31, 2024.
(c) Non-income producing security.
(d) Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in 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 affiliates for the nine months ended January 31, 2024.
    
  Value
April 30, 2023 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation 		  Realized
Gain 		  Value
January 31, 2024 		  Dividend
Income
Investments in Affiliated Money Market Funds:                          
Invesco Government & Agency Portfolio, Institutional Class $135,073   $777,972   $(819,663)   $-   $-   $93,382   $5,234
Investments Purchased with Cash Collateral from Securities on Loan:                          
Invesco Private Government Fund 1,083,298   24,303,283   (23,469,566)   -   -   1,917,015   59,368*
Invesco Private Prime Fund 2,785,624   47,078,463   (44,937,120)   100   2,401   4,929,468   158,250*
Total $4,003,995   $72,159,718   $(69,226,349)   $100   $2,401   $6,939,865   $222,852
    
* 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.
    
(e) The rate shown is the 7-day SEC standardized yield as of January 31, 2024.
(f) 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(a)
Invesco Dorsey Wright Healthcare Momentum ETF (PTH)
January 31, 2024
(Unaudited)
  Shares   Value
Common Stocks & Other Equity Interests-99.98%
Biotechnology-47.48%
Acadia Pharmaceuticals, Inc.(b)(c)
  48,543   $1,257,749
Alpine Immune Sciences, Inc.(b)(c)
  57,973   1,542,662
Altimmune, Inc.(b)(c)
  321,302   3,033,091
ALX Oncology Holdings, Inc.(b)(c)
  158,017   2,277,025
Ardelyx, Inc.(b)(c)
  492,328   4,298,024
Biohaven Ltd.(b)(c)
  79,019   3,514,765
Blueprint Medicines Corp.(b)(c)
  18,775   1,493,176
BridgeBio Pharma, Inc.(b)(c)
  50,070   1,716,900
C4 Therapeutics, Inc.(b)
  598,205   3,696,907
Cabaletta Bio, Inc.(b)(c)
  158,207   3,240,079
Crinetics Pharmaceuticals, Inc.(b)(c)
  46,992   1,714,268
Disc Medicine, Inc.(b)(c)
  21,737   1,429,208
Ideaya Biosciences, Inc.(b)(c)
  84,850   3,693,521
ImmunityBio, Inc.(b)(c)
  554,616   1,863,510
Inhibrx, Inc.(b)
  35,605   1,371,861
Ionis Pharmaceuticals, Inc.(b)(c)
  27,405   1,408,343
Iovance Biotherapeutics, Inc.(b)(c)
  191,447   1,479,885
Merus N.V. (Netherlands)(b)
  41,345   1,475,190
Mirum Pharmaceuticals, Inc.(b)(c)
  41,155   1,088,961
MoonLake Immunotherapeutics(b)(c)
  52,697   2,944,708
Nuvalent, Inc., Class A(b)(c)
  27,824   2,091,530
RAPT Therapeutics, Inc.(b)(c)
  48,900   1,210,275
Regeneron Pharmaceuticals, Inc.(b)
  3,613   3,406,264
Rhythm Pharmaceuticals, Inc.(b)(c)
  42,358   1,868,411
Rocket Pharmaceuticals, Inc.(b)(c)
  48,897   1,404,811
Scholar Rock Holding Corp.(b)(c)
  113,393   1,581,832
Tango Therapeutics, Inc.(b)(c)
  117,412   1,379,591
Twist Bioscience Corp.(b)(c)
  59,660   1,932,984
Vera Therapeutics, Inc.(b)(c)
  71,186   2,592,594
Viking Therapeutics, Inc.(b)(c)
  69,156   1,669,426
        63,677,551
Health Care Equipment-9.36%
Alphatec Holdings, Inc.(b)(c)
  98,908   1,591,430
DexCom, Inc.(b)
  22,110   2,683,048
Glaukos Corp.(b)(c)
  19,330   1,720,950
IDEXX Laboratories, Inc.(b)
  10,481   5,398,553
Tactile Systems Technology, Inc.(b)(c)
  76,663   1,162,978
        12,556,959
Health Care Facilities-4.02%
Brookdale Senior Living, Inc.(b)(c)
  196,038   1,072,328
National HealthCare Corp.(c)
  10,950   1,018,788
Tenet Healthcare Corp.(b)
  39,872   3,299,009
        5,390,125
Health Care Services-2.31%
CorVel Corp.(b)(c)
  5,042   1,186,584
RadNet, Inc.(b)(c)
  51,802   1,915,120
        3,101,704
Health Care Supplies-3.33%
Haemonetics Corp.(b)(c)
  15,371   1,175,267
RxSight, Inc.(b)(c)
  72,111   3,281,771
        4,457,038
  Shares   Value
Health Care Technology-0.85%
Schrodinger, Inc.(b)(c)
  43,177   $1,142,032
Life & Health Insurance-1.41%
Oscar Health, Inc., Class A(b)
  151,200   1,893,024
Life Sciences Tools & Services-4.66%
10X Genomics, Inc., Class A(b)(c)
  29,712   1,238,099
Medpace Holdings, Inc.(b)(c)
  13,966   4,072,206
Quanterix Corp.(b)(c)
  42,345   935,401
        6,245,706
Managed Health Care-6.97%
Molina Healthcare, Inc.(b)
  9,103   3,244,674
UnitedHealth Group, Inc.
  11,934   6,107,105
        9,351,779
Pharmaceuticals-19.59%
Amneal Pharmaceuticals, Inc.(b)
  234,199   1,252,965
Amphastar Pharmaceuticals, Inc.(b)(c)
  40,393   2,155,370
Arvinas, Inc.(b)(c)
  50,103   2,079,274
Cassava Sciences, Inc.(b)(c)
  57,589   1,379,257
Collegium Pharmaceutical, Inc.(b)(c)
  36,160   1,191,834
Cymabay Therapeutics, Inc.(b)(c)
  150,232   3,531,954
Elanco Animal Health, Inc.(b)
  188,873   2,783,988
Eli Lilly and Co.
  10,298   6,648,492
EyePoint Pharmaceuticals, Inc.(b)
  126,499   3,406,618
Intra-Cellular Therapies, Inc.(b)(c)
  27,347   1,841,547
        26,271,299
Total Common Stocks & Other Equity Interests

(Cost $121,646,082)
  134,087,217
Money Market Funds-0.12%
Invesco Government & Agency Portfolio, Institutional Class, 5.24%(d)(e)

(Cost $159,665)
  159,665   159,665
TOTAL INVESTMENTS IN SECURITIES

(excluding investments purchased with cash collateral from securities on loan)-100.10%

(Cost $121,805,747)
  134,246,882
Investments Purchased with Cash Collateral
from Securities on Loan
Money Market Funds-31.37%
Invesco Private Government Fund, 5.29%(d)(e)(f)
  11,823,290   11,823,290
Invesco Private Prime Fund, 5.52%(d)(e)(f)
  30,228,297   30,249,457
Total Investments Purchased with Cash Collateral from Securities on Loan

(Cost $42,072,471)
  42,072,747
TOTAL INVESTMENTS IN SECURITIES-131.47%

(Cost $163,878,218)
  176,319,629
OTHER ASSETS LESS LIABILITIES-(31.47)%
  (42,204,554)
NET ASSETS-100.00%
  $134,115,075
See accompanying notes which are an integral part of this schedule.
Invesco Dorsey Wright Healthcare Momentum ETF (PTH)—(continued)
January 31, 2024
(Unaudited)
Notes to Schedule of Investments:
(a) Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
(b) Non-income producing security.
(c) All or a portion of this security was out on loan at January 31, 2024.
(d) Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in 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 affiliates for the nine months ended January 31, 2024.
    
  Value
April 30, 2023 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation 		  Realized
Gain 		  Value
January 31, 2024 		  Dividend
Income
Investments in Affiliated Money Market Funds:                          
Invesco Government & Agency Portfolio, Institutional Class $272,087   $1,622,172   $(1,734,594)   $-   $-   $159,665   $10,408
Investments Purchased with Cash Collateral from Securities on Loan:                          
Invesco Private Government Fund 11,949,604   93,483,237   (93,609,551)   -   -   11,823,290   422,685*
Invesco Private Prime Fund 30,727,554   200,903,303   (201,402,875)   276   21,199   30,249,457   1,112,816*
Total $42,949,245   $296,008,712   $(296,747,020)   $276   $21,199   $42,232,412   $1,545,909
    
* 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.
    
(e) The rate shown is the 7-day SEC standardized yield as of January 31, 2024.
(f) 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(a)
Invesco Dorsey Wright Industrials Momentum ETF (PRN)
January 31, 2024
(Unaudited)
  Shares   Value
Common Stocks & Other Equity Interests-100.03%
Aerospace & Defense-7.69%
AAR Corp.(b)
  24,667   $1,500,247
HEICO Corp.(c)
  21,022   3,775,341
Howmet Aerospace, Inc.
  63,752   3,586,688
TransDigm Group, Inc.
  3,785   4,135,794
        12,998,070
Building Products-16.69%
A.O. Smith Corp.
  61,234   4,752,371
Builders FirstSource, Inc.(b)
  38,541   6,695,728
Carlisle Cos., Inc.
  11,380   3,576,279
CSW Industrials, Inc.
  9,384   1,985,373
Griffon Corp.(c)
  44,697   2,604,047
Trane Technologies PLC
  25,370   6,394,508
UFP Industries, Inc.(c)
  19,488   2,210,914
        28,219,220
Cargo Ground Transportation-9.58%
ArcBest Corp.(c)
  23,757   2,830,171
Old Dominion Freight Line, Inc.
  17,248   6,744,313
Saia, Inc.(b)
  14,689   6,618,570
        16,193,054
Commercial Printing-1.06%
Cimpress PLC (Ireland)(b)
  23,951   1,801,594
Construction & Engineering-8.94%
API Group Corp.(b)(c)
  74,700   2,354,544
Comfort Systems USA, Inc.
  25,845   5,620,512
Limbach Holdings, Inc.(b)(c)
  59,885   2,575,055
Quanta Services, Inc.
  23,543   4,568,519
        15,118,630
Diversified Support Services-7.32%
Cintas Corp.
  11,142   6,736,119
Copart, Inc.(b)
  117,268   5,633,555
        12,369,674
Electrical Components & Equipment-13.20%
AMETEK, Inc.
  40,539   6,569,345
Encore Wire Corp.(c)
  11,902   2,683,901
Hubbell, Inc.
  16,852   5,655,026
Powell Industries, Inc.(c)
  22,505   2,667,518
Vertiv Holdings Co., Class A
  84,256   4,746,140
        22,321,930
Electronic Components-1.44%
Bel Fuse, Inc., Class B
  36,371   2,431,765
Industrial Machinery & Supplies & Components-7.59%
Graco, Inc.
  43,608   3,719,762
Illinois Tool Works, Inc.
  13,213   3,447,272
Parker-Hannifin Corp.
  12,201   5,667,364
        12,834,398
  Shares   Value
Oil & Gas Storage & Transportation-1.79%
Dorian LPG Ltd.
  80,957   $3,031,030
Paper & Plastic Packaging Products & Materials-2.39%
Packaging Corp. of America
  24,356   4,040,173
Research & Consulting Services-1.17%
CBIZ, Inc.(b)(c)
  30,980   1,972,187
Trading Companies & Distributors-18.89%
Applied Industrial Technologies, Inc.
  13,305   2,347,800
Boise Cascade Co.(c)
  23,993   3,250,092
GMS, Inc.(b)
  31,962   2,689,922
H&E Equipment Services, Inc.(c)
  34,542   1,858,014
Herc Holdings, Inc.(c)
  23,228   3,425,898
Rush Enterprises, Inc., Class A(c)
  41,450   1,861,519
United Rentals, Inc.
  7,555   4,724,897
W.W. Grainger, Inc.
  7,329   6,564,146
WESCO International, Inc.
  30,011   5,207,509
        31,929,797
Transaction & Payment Processing Services-2.28%
Fiserv, Inc.(b)
  27,156   3,852,622
Total Common Stocks & Other Equity Interests

(Cost $135,472,597)
  169,114,144
Money Market Funds-0.06%
Invesco Government & Agency Portfolio, Institutional Class, 5.24%(d)(e)

(Cost $97,583)
  97,583   97,583
TOTAL INVESTMENTS IN SECURITIES

(excluding investments purchased with cash collateral from securities on loan)-100.09%

(Cost $135,570,180)
  169,211,727
Investments Purchased with Cash Collateral
from Securities on Loan
Money Market Funds-8.29%
Invesco Private Government Fund, 5.29%(d)(e)(f)
  3,923,602   3,923,602
Invesco Private Prime Fund, 5.52%(d)(e)(f)
  10,082,202   10,089,260
Total Investments Purchased with Cash Collateral from Securities on Loan

(Cost $14,012,862)
  14,012,862
TOTAL INVESTMENTS IN SECURITIES-108.38%

(Cost $149,583,042)
  183,224,589
OTHER ASSETS LESS LIABILITIES-(8.38)%
  (14,169,726)
NET ASSETS-100.00%
  $169,054,863
See accompanying notes which are an integral part of this schedule.
Invesco Dorsey Wright Industrials Momentum ETF (PRN)—(continued)
January 31, 2024
(Unaudited)
Notes to Schedule of Investments:
(a) Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
(b) Non-income producing security.
(c) All or a portion of this security was out on loan at January 31, 2024.
(d) Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in 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 affiliates for the nine months ended January 31, 2024.
    
  Value
April 30, 2023 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation 		  Realized
Gain 		  Value
January 31, 2024 		  Dividend
Income
Investments in Affiliated Money Market Funds:                          
Invesco Government & Agency Portfolio, Institutional Class $166,062   $1,876,608   $(1,945,087)   $-   $-   $97,583   $7,488
Investments Purchased with Cash Collateral from Securities on Loan:                          
Invesco Private Government Fund 3,700,195   52,671,110   (52,447,703)   -   -   3,923,602   112,156*
Invesco Private Prime Fund 9,618,556   99,005,228   (98,540,306)   143   5,639   10,089,260   297,356*
Total $13,484,813   $153,552,946   $(152,933,096)   $143   $5,639   $14,110,445   $417,000
    
* 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.
    
(e) The rate shown is the 7-day SEC standardized yield as of January 31, 2024.
(f) 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(a)
Invesco Dorsey Wright Technology Momentum ETF (PTF)
January 31, 2024
(Unaudited)
  Shares   Value
Common Stocks & Other Equity Interests-99.97%
Application Software-32.40%
Agilysys, Inc.(b)
  55,505   $4,646,324
Alkami Technology, Inc.(b)(c)
  193,886   4,773,473
Braze, Inc., Class A(b)(c)
  104,577   5,652,387
Cadence Design Systems, Inc.(b)
  77,169   22,260,170
CleanSpark, Inc.(b)(c)
  999,285   8,044,244
Elastic N.V.(b)(c)
  69,905   8,183,079
Fair Isaac Corp.(b)
  9,724   11,657,423
InterDigital, Inc.(c)
  52,580   5,523,529
MicroStrategy, Inc., Class A(b)(c)
  18,678   9,361,600
Palantir Technologies, Inc., Class A(b)
  470,224   7,565,904
PowerSchool Holdings, Inc., Class A(b)(c)
  194,936   4,588,794
SPS Commerce, Inc.(b)
  36,344   6,680,027
Synopsys, Inc.(b)
  18,824   10,039,781
Vertex, Inc., Class A(b)
  172,574   4,186,645
        113,163,380
Communications Equipment-4.77%
Applied Optoelectronics, Inc.(b)(c)
  317,897   5,000,520
Arista Networks, Inc.(b)
  45,133   11,675,004
        16,675,524
Consumer Finance-1.45%
NerdWallet, Inc., Class A(b)(c)
  331,664   5,077,776
Interactive Media & Services-2.18%
Snap, Inc., Class A(b)
  479,030   7,611,787
Internet Services & Infrastructure-2.06%
Cloudflare, Inc., Class A(b)
  91,030   7,195,921
IT Consulting & Other Services-2.77%
Gartner, Inc.(b)
  21,156   9,677,601
Real Estate Services-2.46%
Opendoor Technologies, Inc.(b)(c)
  2,512,890   8,594,084
Semiconductor Materials & Equipment-4.82%
Onto Innovation, Inc.(b)(c)
  76,913   12,421,449
Photronics, Inc.(b)(c)
  151,355   4,422,593
        16,844,042
Semiconductors-16.99%
Broadcom, Inc.
  9,746   11,500,280
Impinj, Inc.(b)(c)
  77,870   7,551,832
MACOM Technology Solutions Holdings, Inc.(b)(c)
  76,391   6,587,196
NVIDIA Corp.
  35,474   21,826,088
Rambus, Inc.(b)(c)
  173,190   11,868,711
        59,334,107
  Shares   Value
Systems Software-16.57%
GitLab, Inc., Class A(b)
  128,200   $9,116,302
Microsoft Corp.
  25,537   10,153,000
Palo Alto Networks, Inc.(b)
  24,745   8,376,430
Qualys, Inc.(b)(c)
  37,748   7,140,789
SentinelOne, Inc., Class A(b)
  304,475   8,159,930
Varonis Systems, Inc.(b)(c)
  127,254   5,711,160
Zscaler, Inc.(b)(c)
  39,219   9,242,742
        57,900,353
Technology Hardware, Storage & Peripherals-10.06%
Apple, Inc.
  136,254   25,125,237
Dell Technologies, Inc., Class C
  120,700   10,003,616
        35,128,853
Transaction & Payment Processing Services-3.44%
Affirm Holdings, Inc.(b)(c)
  296,519   12,011,985
Total Common Stocks & Other Equity Interests

(Cost $313,149,658)
  349,215,413
Money Market Funds-0.13%
Invesco Government & Agency Portfolio, Institutional Class, 5.24%(d)(e)

(Cost $460,884)
  460,884   460,884
TOTAL INVESTMENTS IN SECURITIES

(excluding investments purchased with cash collateral from securities on loan)-100.10%

(Cost $313,610,542)
  349,676,297
Investments Purchased with Cash Collateral
from Securities on Loan
Money Market Funds-21.01%
Invesco Private Government Fund, 5.29%(d)(e)(f)
  20,551,162   20,551,162
Invesco Private Prime Fund, 5.52%(d)(e)(f)
  52,808,882   52,845,848
Total Investments Purchased with Cash Collateral from Securities on Loan

(Cost $73,396,484)
  73,397,010
TOTAL INVESTMENTS IN SECURITIES-121.11%

(Cost $387,007,026)
  423,073,307
OTHER ASSETS LESS LIABILITIES-(21.11)%
  (73,752,619)
NET ASSETS-100.00%
  $349,320,688
See accompanying notes which are an integral part of this schedule.
Invesco Dorsey Wright Technology Momentum ETF (PTF)—(continued)
January 31, 2024
(Unaudited)
Notes to Schedule of Investments:
(a) Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
(b) Non-income producing security.
(c) All or a portion of this security was out on loan at January 31, 2024.
(d) Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in 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 affiliates for the nine months ended January 31, 2024.
    
  Value
April 30, 2023 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation 		  Realized
Gain 		  Value
January 31, 2024 		  Dividend
Income
Investments in Affiliated Money Market Funds:                          
Invesco Government & Agency Portfolio, Institutional Class $292,096   $2,228,903   $(2,060,115)   $-   $-   $460,884   $14,024
Investments Purchased with Cash Collateral from Securities on Loan:                          
Invesco Private Government Fund 14,253,080   171,592,230   (165,294,148)   -   -   20,551,162   582,828*
Invesco Private Prime Fund 37,945,789   381,938,278   (367,064,622)   1,922   24,481   52,845,848   1,583,978*
Total $52,490,965   $555,759,411   $(534,418,885)   $1,922   $24,481   $73,857,894   $2,180,830
    
* 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.
    
(e) The rate shown is the 7-day SEC standardized yield as of January 31, 2024.
(f) 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(a)
Invesco Dorsey Wright Utilities Momentum ETF (PUI)
January 31, 2024
(Unaudited)
  Shares   Value
Common Stocks & Other Equity Interests-99.86%
Electric Utilities-47.42%
Alliant Energy Corp.
  25,891   $1,259,855
American Electric Power Co., Inc.
  9,461   739,282
Constellation Energy Corp.
  9,127   1,113,494
Duke Energy Corp.
  12,773   1,224,037
Edison International
  10,984   741,200
Eversource Energy
  13,588   736,741
Exelon Corp.
  28,655   997,481
FirstEnergy Corp.
  21,181   776,919
Hawaiian Electric Industries, Inc.
  45,702   592,755
IDACORP, Inc.
  9,020   835,072
NRG Energy, Inc.
  22,671   1,202,470
Otter Tail Corp.(b)
  8,680   784,846
PG&E Corp.
  72,670   1,225,943
Pinnacle West Capital Corp.
  11,419   786,769
Southern Co. (The)
  18,252   1,268,879
Xcel Energy, Inc.
  18,527   1,109,211
        15,394,954
Gas Utilities-7.94%
Atmos Energy Corp.
  10,745   1,224,285
National Fuel Gas Co.(b)
  12,848   605,912
New Jersey Resources Corp.(b)
  18,329   748,373
        2,578,570
Independent Power Producers & Energy Traders-5.80%
AES Corp. (The)
  40,190   670,369
Vistra Corp.
  29,532   1,211,698
        1,882,067
Integrated Telecommunication Services-2.81%
Frontier Communications Parent, Inc.(b)(c)
  37,023   911,877
Multi-Utilities-26.38%
Ameren Corp.
  10,737   746,973
CenterPoint Energy, Inc.
  30,341   847,728
CMS Energy Corp.
  17,399   994,527
Consolidated Edison, Inc.
  8,520   774,468
DTE Energy Co.
  10,095   1,064,215
NiSource, Inc.
  43,029   1,117,463
Public Service Enterprise Group, Inc.
  12,650   733,573
  Shares   Value
Multi-Utilities-(continued)
Sempra
  15,974   $1,143,099
WEC Energy Group, Inc.
  14,135   1,141,543
        8,563,589
Oil & Gas Exploration & Production-2.18%
EQT Corp.
  20,053   709,876
Oil & Gas Storage & Transportation-3.89%
ONEOK, Inc.
  18,491   1,262,011
Water Utilities-3.44%
American Water Works Co., Inc.
  8,997   1,115,808
Total Common Stocks & Other Equity Interests

(Cost $35,021,126)
  32,418,752
Money Market Funds-0.30%
Invesco Government & Agency Portfolio, Institutional Class, 5.24%(d)(e)

(Cost $97,687)
  97,687   97,687
TOTAL INVESTMENTS IN SECURITIES

(excluding investments purchased with cash collateral from securities on loan)-100.16%

(Cost $35,118,813)
  32,516,439
Investments Purchased with Cash Collateral
from Securities on Loan
Money Market Funds-5.15%
Invesco Private Government Fund, 5.29%(d)(e)(f)
  468,617   468,617
Invesco Private Prime Fund, 5.52%(d)(e)(f)
  1,204,172   1,205,015
Total Investments Purchased with Cash Collateral from Securities on Loan

(Cost $1,673,564)
  1,673,632
TOTAL INVESTMENTS IN SECURITIES-105.31%

(Cost $36,792,377)
  34,190,071
OTHER ASSETS LESS LIABILITIES-(5.31)%
  (1,725,037)
NET ASSETS-100.00%
  $32,465,034
Notes to Schedule of Investments:
(a) Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
(b) All or a portion of this security was out on loan at January 31, 2024.
(c) Non-income producing security.
(d) Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in 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 affiliates for the nine months ended January 31, 2024.
    
  Value
April 30, 2023 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation 		  Realized
Gain 		  Value
January 31, 2024 		  Dividend
Income
Investments in Affiliated Money Market Funds:                          
Invesco Government & Agency Portfolio, Institutional Class $116,870   $1,471,177   $(1,490,360)   $-   $-   $97,687   $4,047
See accompanying notes which are an integral part of this schedule.
Invesco Dorsey Wright Utilities Momentum ETF (PUI)—(continued)
January 31, 2024
(Unaudited)
  Value
April 30, 2023 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation 		  Realized
Gain 		  Value
January 31, 2024 		  Dividend
Income
Investments Purchased with Cash Collateral from Securities on Loan:                          
Invesco Private Government Fund $2,664,890   $21,220,578   $(23,416,851)   $-   $-   $468,617   $32,028*
Invesco Private Prime Fund 6,852,888   41,010,342   (46,659,918)   110   1,593   1,205,015   85,943*
Total $9,634,648   $63,702,097   $(71,567,129)   $110   $1,593   $1,771,319   $122,018
    
* 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.
    
(e) The rate shown is the 7-day SEC standardized yield as of January 31, 2024.
(f) 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(a)
Invesco NASDAQ Internet ETF (PNQI)
January 31, 2024
(Unaudited)
  Shares   Value
Common Stocks & Other Equity Interests-100.01%
Advertising-0.06%
Criteo S.A., ADR (France)(b)
  16,093   $417,291
Apparel Retail-0.02%
Lands’ End, Inc.(b)(c)
  9,115   86,319
Stitch Fix, Inc., Class A(b)(c)
  25,125   80,400
        166,719
Application Software-15.01%
Adobe, Inc.(b)
  86,334   53,335,418
Alarm.com Holdings, Inc.(b)(c)
  14,883   905,184
Box, Inc., Class A(b)(c)
  42,882   1,114,074
Consensus Cloud Solutions, Inc.(b)(c)
  5,601   121,766
DocuSign, Inc.(b)
  60,493   3,685,234
Dropbox, Inc., Class A(b)(c)
  78,912   2,499,932
Envestnet, Inc.(b)(c)
  16,269   831,346
LivePerson, Inc.(b)
  22,231   62,247
Open Text Corp. (Canada)(c)
  80,832   3,525,084
PROS Holdings, Inc.(b)(c)
  13,771   473,998
Salesforce, Inc.(b)
  104,703   29,430,966
SPS Commerce, Inc.(b)(c)
  10,927   2,008,383
Unity Software, Inc.(b)(c)
  113,136   3,665,606
Zoom Video Communications, Inc., Class A(b)(c)
  76,746   4,958,559
        106,617,797
Broadline Retail-16.01%
Alibaba Group Holding Ltd., ADR (China)(c)
  257,291   18,568,691
Amazon.com, Inc.(b)
  361,079   56,039,461
eBay, Inc.
  154,509   6,345,684
Global-e Online Ltd. (Israel)(b)(c)
  48,897   1,846,840
JD.com, Inc., ADR (China)(c)
  142,443   3,212,090
MercadoLibre, Inc. (Brazil)(b)
  15,053   25,767,876
Vipshop Holdings Ltd., ADR (China)(b)
  121,894   1,936,896
        113,717,538
Casinos & Gaming-0.76%
DraftKings, Inc., Class A(b)
  138,803   5,420,257
Commercial Printing-0.08%
Cimpress PLC (Ireland)(b)
  7,915   595,366
Education Services-0.05%
2U, Inc.(b)
  23,155   19,698
Chegg, Inc.(b)(c)
  34,479   339,618
        359,316
Financial Exchanges & Data-1.03%
Coinbase Global, Inc., Class A(b)(c)
  57,176   7,329,963
Health Care Technology-0.16%
GoodRx Holdings, Inc., Class A(b)(c)
  27,507   165,042
Teladoc Health, Inc.(b)(c)
  49,290   957,705
        1,122,747
Homefurnishing Retail-0.23%
Beyond, Inc.(b)(c)
  12,895   283,561
Wayfair, Inc., Class A(b)(c)
  27,464   1,380,066
        1,663,627
Hotels, Resorts & Cruise Lines-8.28%
Airbnb, Inc., Class A(b)
  129,425   18,655,320
Booking Holdings, Inc.(b)
  8,436   29,589,017
Expedia Group, Inc.(b)
  39,694   5,887,811
MakeMyTrip Ltd. (India)(b)(c)
  19,785   1,095,891
Trip.com Group Ltd., ADR (China)(b)(c)
  97,049   3,548,111
        58,776,150
  Shares   Value
Human Resource & Employment Services-0.37%
Paylocity Holding Corp.(b)(c)
  16,726   $2,649,566
Interactive Home Entertainment-2.08%
Bilibili, Inc., ADR (China)(b)(c)
  35,044   317,849
NetEase, Inc., ADR (China)(c)
  35,389   3,455,382
Roblox Corp., Class A(b)(c)
  170,782   6,628,049
Sea Ltd., ADR (Singapore)(b)(c)
  115,186   4,393,194
        14,794,474
Interactive Media & Services-19.00%
Alphabet, Inc., Class C(b)
  393,898   55,854,736
Autohome, Inc., ADR (China)
  20,107   506,696
Baidu, Inc., ADR (China)(b)
  40,027   4,215,243
Bumble, Inc., Class A(b)(c)
  40,711   558,555
Cars.com, Inc.(b)(c)
  19,716   343,650
Hello Group, Inc., ADR (China)
  51,671   303,309
JOYY, Inc., ADR (China)(c)
  17,287   530,020
Meta Platforms, Inc., Class A(b)
  161,244   62,907,734
Shutterstock, Inc.(c)
  10,635   499,526
Snap, Inc., Class A(b)
  414,475   6,586,008
TripAdvisor, Inc.(b)(c)
  37,424   808,358
Yelp, Inc.(b)(c)
  20,387   891,524
Ziff Davis, Inc.(b)(c)
  13,689   922,639
        134,927,998
Internet Services & Infrastructure-7.27%
Akamai Technologies, Inc.(b)(c)
  44,902   5,533,274
Brightcove, Inc.(b)(c)
  12,255   28,064
Fastly, Inc., Class A(b)(c)
  38,939   783,453
GoDaddy, Inc., Class A(b)(c)
  41,793   4,457,641
Okta, Inc.(b)(c)
  46,665   3,856,862
Shopify, Inc., Class A (Canada)(b)(c)
  358,910   28,737,924
VeriSign, Inc.(b)
  30,397   6,045,355
Wix.com Ltd. (Israel)(b)(c)
  17,014   2,158,736
        51,601,309
Movies & Entertainment-10.51%
Eventbrite, Inc., Class A(b)(c)
  25,293   211,703
Netflix, Inc.(b)
  55,648   31,391,593
Roku, Inc., Class A(b)
  37,237   3,279,090
Spotify Technology S.A.(b)(c)
  57,583   12,400,499
Walt Disney Co. (The)
  284,554   27,331,412
        74,614,297
Other Specialty Retail-0.11%
1-800-Flowers.com, Inc., Class A(b)(c)
  10,777   112,081
Chewy, Inc., Class A(b)(c)
  35,467   632,022
PetMed Express, Inc.(c)
  6,000   37,260
        781,363
Passenger Ground Transportation-4.50%
Lyft, Inc., Class A(b)(c)
  114,432   1,429,256
Uber Technologies, Inc.(b)
  467,812   30,534,089
        31,963,345
Real Estate Services-1.88%
CoStar Group, Inc.(b)
  121,572   10,148,831
Redfin Corp.(b)(c)
  34,309   279,961
Zillow Group, Inc., Class C(b)(c)
  51,109   2,905,036
        13,333,828
Restaurants-1.62%
DoorDash, Inc., Class A(b)
  110,371   11,500,658
See accompanying notes which are an integral part of this schedule.
Invesco NASDAQ Internet ETF (PNQI)—(continued)
January 31, 2024
(Unaudited)
  Shares   Value
Systems Software-8.10%
GitLab, Inc., Class A(b)(c)
  30,991   $2,203,770
Microsoft Corp.
  139,214   55,348,702
        57,552,472
Transaction & Payment Processing Services-2.88%
Dlocal Ltd. (Uruguay)(b)(c)
  46,148   743,444
PayPal Holdings, Inc.(b)
  320,972   19,691,632
        20,435,076
Total Common Stocks & Other Equity Interests

(Cost $634,853,431)
  710,341,157
Money Market Funds-0.03%
Invesco Government & Agency Portfolio, Institutional Class, 5.24%(d)(e)

(Cost $229,480)
  229,480   229,480
TOTAL INVESTMENTS IN SECURITIES

(excluding investments purchased with cash collateral from securities on loan)-100.04%

(Cost $635,082,911)
  710,570,637
  Shares   Value
Investments Purchased with Cash Collateral
from Securities on Loan
Money Market Funds-7.52%
Invesco Private Government Fund, 5.29%(d)(e)(f)
  14,153,180   $14,153,180
Invesco Private Prime Fund, 5.52%(d)(e)(f)
  39,179,725   39,207,151
Total Investments Purchased with Cash Collateral from Securities on Loan

(Cost $53,360,331)
  53,360,331
TOTAL INVESTMENTS IN SECURITIES-107.56%

(Cost $688,443,242)
  763,930,968
OTHER ASSETS LESS LIABILITIES-(7.56)%
  (53,679,576)
NET ASSETS-100.00%
  $710,251,392
 
Investment Abbreviations:
ADR -American Depositary Receipt
    
Notes to Schedule of Investments:
(a) Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
(b) Non-income producing security.
(c) All or a portion of this security was out on loan at January 31, 2024.
(d) Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in 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 affiliates for the nine months ended January 31, 2024.
    
  Value
April 30, 2023 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation 		  Realized
Gain 		  Value
January 31, 2024 		  Dividend
Income
Investments in Affiliated Money Market Funds:                          
Invesco Government & Agency Portfolio, Institutional Class $-   $1,717,427   $(1,487,947)   $-   $-   $229,480   $3,445
Investments Purchased with Cash Collateral from Securities on Loan:                          
Invesco Private Government Fund 8,626,317   275,126,629   (269,599,766)   -   -   14,153,180   560,609*
Invesco Private Prime Fund 22,188,871   525,106,657   (508,116,876)   -   28,499   39,207,151   1,478,807*
Total $30,815,188   $801,950,713   $(779,204,589)   $-   $28,499   $53,589,811   $2,042,861
    
* 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.
    
(e) The rate shown is the 7-day SEC standardized yield as of January 31, 2024.
(f) 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
January 31, 2024
(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.
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 January 31, 2024. 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
Invesco Dorsey Wright Basic Materials Momentum ETF              
Investments in Securities              
Common Stocks & Other Equity Interests $66,112,789   $-   $-   $66,112,789
Money Market Funds 117,297   7,912,486   -   8,029,783
Total Investments $66,230,086   $7,912,486   $-   $74,142,572
Invesco Dorsey Wright Consumer Cyclicals Momentum ETF              
Investments in Securities              
Common Stocks & Other Equity Interests $52,338,198   $-   $-   $52,338,198
Money Market Funds 97,960   7,990,155   -   8,088,115
Total Investments $52,436,158   $7,990,155   $-   $60,426,313
Invesco Dorsey Wright Consumer Staples Momentum ETF              
Investments in Securities              
Common Stocks & Other Equity Interests $81,907,060   $-   $-   $81,907,060
Money Market Funds 127,240   12,291,306   -   12,418,546
Total Investments $82,034,300   $12,291,306   $-   $94,325,606
Invesco Dorsey Wright Energy Momentum ETF              
Investments in Securities              
Common Stocks & Other Equity Interests $101,444,450   $-   $-   $101,444,450
Money Market Funds 177,890   30,936,760   -   31,114,650
Total Investments $101,622,340   $30,936,760   $-   $132,559,100
Invesco Dorsey Wright Financial Momentum ETF              
Investments in Securities              
Common Stocks & Other Equity Interests $26,108,390   $-   $-   $26,108,390
Money Market Funds 93,382   6,846,483   -   6,939,865
Total Investments $26,201,772   $6,846,483   $-   $33,048,255
  Level 1   Level 2   Level 3   Total
Invesco Dorsey Wright Healthcare Momentum ETF              
Investments in Securities              
Common Stocks & Other Equity Interests $134,087,217   $-   $-   $134,087,217
Money Market Funds 159,665   42,072,747   -   42,232,412
Total Investments $134,246,882   $42,072,747   $-   $176,319,629
Invesco Dorsey Wright Industrials Momentum ETF              
Investments in Securities              
Common Stocks & Other Equity Interests $169,114,144   $-   $-   $169,114,144
Money Market Funds 97,583   14,012,862   -   14,110,445
Total Investments $169,211,727   $14,012,862   $-   $183,224,589
Invesco Dorsey Wright Technology Momentum ETF              
Investments in Securities              
Common Stocks & Other Equity Interests $349,215,413   $-   $-   $349,215,413
Money Market Funds 460,884   73,397,010   -   73,857,894
Total Investments $349,676,297   $73,397,010   $-   $423,073,307
Invesco Dorsey Wright Utilities Momentum ETF              
Investments in Securities              
Common Stocks & Other Equity Interests $32,418,752   $-   $-   $32,418,752
Money Market Funds 97,687   1,673,632   -   1,771,319
Total Investments $32,516,439   $1,673,632   $-   $34,190,071
Invesco NASDAQ Internet ETF              
Investments in Securities              
Common Stocks & Other Equity Interests $710,341,157   $-   $-   $710,341,157
Money Market Funds 229,480   53,360,331   -   53,589,811
Total Investments $710,570,637   $53,360,331   $-   $763,930,968