497

Invesco ETFs

3500 Lacey Road, Suite 700

Downers Grove, IL 60515

June 28, 2018

VIA EDGAR

Securities and Exchange Commission

100 F Street, NE

Washington, DC 20549

Re: Invesco Exchange-Traded Fund Trust II

1933 Act Registration No. 333-138490

1940 Act Registration No. 811-21977

CIK No. 0001378872

Ladies and Gentlemen:

On behalf of Invesco Exchange-Traded Fund Trust II (the “Trust”), we are transmitting for electronic filing under the Securities Act of 1933, as amended (the “Securities Act”), and Rule 497(e) thereunder, and the Investment Company Act of 1940, as amended, exhibits containing eXtensible Business Reporting Language (“XBRL”) interactive data format risk/return summary information that mirrors the risk/return summary information contained in the prospectus dated April 9, 2018, as supplemented June 26, 2018, and filed pursuant to Rule 497(e) under the Securities Act relating to the following portfolio of the Trust: Invesco MSCI Emerging Markets Equal Country Weight ETF.

The purpose of this filing is to submit the data in XBRL format for Invesco MSCI Emerging Markets Equal Country Weight ETF.

Very truly yours,

Invesco Exchange-Traded Fund Trust II

/s/ Abigail Murray

Abigail Murray

Senior Counsel

Invesco Capital Management LLC

800 983 0903    Invesco.com

XML

Label	Element	Value
Risk/Return:	rr_RiskReturnAbstract
Document Type	dei_DocumentType	497
Document Period End Date	dei_DocumentPeriodEndDate	Oct. 31, 2017
Registrant Name	dei_EntityRegistrantName	Invesco Exchange-Traded Fund Trust II
Central Index Key	dei_EntityCentralIndexKey	0001378872
Amendment Flag	dei_AmendmentFlag	false
Document Creation Date	dei_DocumentCreationDate	Jun. 26, 2018
Document Effective Date	dei_DocumentEffectiveDate	Jun. 26, 2018
Prospectus Date	rr_ProspectusDate	Apr. 09, 2018

XML

Apr. 09, 2018

INVESCO EXCHANGE-TRADED FUND TRUST II

SUPPLEMENT DATED JUNE 26, 2018 TO THE

PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION DATED APRIL 9, 2018,

AS PREVIOUSLY SUPPLEMENTED, OF:

Invesco MSCI Emerging Markets Equal Country Weight ETF (the “Fund”)

The following information replaces in its entirety the information appearing under the section entitled “Fund Fees and Expenses” in the Summary Prospectus and Prospectus:

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund (“Shares”). Investors may pay brokerage commissions on their purchases and sales of Shares, which are not reflected in the table or the example below.
Annual Fund Operating Expenses
(expenses that you pay each year as a percentage of the value of your investment)
Management Fees	0.70	%
Other Expenses(1)	0.00	%
Acquired Fund Fees and Expenses(2)	0.05	%
Total Annual Fund Operating Expenses	0.75	%
Fee Waivers(3)	0.05	%
Total Annual Fund Operating Expenses After Fee Waivers(3)	0.70	%

⁽¹⁾  “Other Expenses” are based on estimated amounts for the current fiscal year.

⁽²⁾  Acquired Fund Fees and Expenses are indirect fees and expenses that the Fund incurs from investing in the shares of other investment companies. Please note that the amount of Total Annual Fund Operating Expenses shown in the above table may differ from the ratio of expenses to average net assets included in the “Financial Highlights” section of this Prospectus, which reflects the operating expenses of the Fund, after applying any applicable fee waivers, and does not include indirect expenses such as Acquired Fund Fees and Expenses. Therefore, any fee waivers that reduce or eliminate Acquired Fund Fees and Expenses in the fee table will have the effect of reducing the “Total expenses” of the Fund that are reflected in the financial highlights. Acquired Fund Fees and Expenses for the Fund are estimated for the first fiscal year.

⁽³⁾  Invesco Capital Management LLC (the “Adviser”) has agreed to waive a portion of its unitary management fee to the extent necessary to prevent the Fund’s operating expenses (including Acquired Fund Fees and Expenses, but excluding interest expenses, brokerage commissions and other trading expenses, taxes and litigation expenses and extraordinary expenses) from exceeding 0.70% of the Fund’s average daily net assets per year through at least April 6, 2020. Neither the Adviser nor the Fund can discontinue the agreement prior to its expiration.

The following information replaces in its entirety the information appearing under the section entitled “Example” in the Summary Prospectus and Prospectus:

This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other funds.

This example assumes that you invest $10,000 in the Fund for the time periods indicated and then sell all of your Shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses are equal to the Total Annual Fund Operating Expenses After Fee Waivers for the contractual period above and the Total Annual Fund Operating Expenses thereafter. This example does not include the brokerage commissions that investors may pay to buy and sell Shares. Although your actual costs may be higher or lower, your costs, based on these assumptions, would be:

1 Year	3 Years	5 Years	10 Years
$72	$229	$407	$921

XML

Label

Element

Value

Risk/Return:

rr_RiskReturnAbstract

Registrant Name

dei_EntityRegistrantName

Invesco Exchange-Traded Fund Trust II

Prospectus Date

rr_ProspectusDate

Apr. 09, 2018

Supplement [Text Block]

ietft2_SupplementTextBlock

INVESCO EXCHANGE-TRADED FUND TRUST II

SUPPLEMENT DATED JUNE 26, 2018 TO THE

PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION DATED APRIL 9, 2018,

AS PREVIOUSLY SUPPLEMENTED, OF:

Invesco MSCI Emerging Markets Equal Country Weight ETF (the “Fund”)

The following information replaces in its entirety the information appearing under the section entitled “Fund Fees and Expenses” in the Summary Prospectus and Prospectus:

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund (“Shares”). Investors may pay brokerage commissions on their purchases and sales of Shares, which are not reflected in the table or the example below.
Annual Fund Operating Expenses
(expenses that you pay each year as a percentage of the value of your investment)
Management Fees	0.70	%
Other Expenses(1)	0.00	%
Acquired Fund Fees and Expenses(2)	0.05	%
Total Annual Fund Operating Expenses	0.75	%
Fee Waivers(3)	0.05	%
Total Annual Fund Operating Expenses After Fee Waivers(3)	0.70	%

⁽¹⁾  “Other Expenses” are based on estimated amounts for the current fiscal year.

⁽²⁾  Acquired Fund Fees and Expenses are indirect fees and expenses that the Fund incurs from investing in the shares of other investment companies. Please note that the amount of Total Annual Fund Operating Expenses shown in the above table may differ from the ratio of expenses to average net assets included in the “Financial Highlights” section of this Prospectus, which reflects the operating expenses of the Fund, after applying any applicable fee waivers, and does not include indirect expenses such as Acquired Fund Fees and Expenses. Therefore, any fee waivers that reduce or eliminate Acquired Fund Fees and Expenses in the fee table will have the effect of reducing the “Total expenses” of the Fund that are reflected in the financial highlights. Acquired Fund Fees and Expenses for the Fund are estimated for the first fiscal year.

⁽³⁾  Invesco Capital Management LLC (the “Adviser”) has agreed to waive a portion of its unitary management fee to the extent necessary to prevent the Fund’s operating expenses (including Acquired Fund Fees and Expenses, but excluding interest expenses, brokerage commissions and other trading expenses, taxes and litigation expenses and extraordinary expenses) from exceeding 0.70% of the Fund’s average daily net assets per year through at least April 6, 2020. Neither the Adviser nor the Fund can discontinue the agreement prior to its expiration.

The following information replaces in its entirety the information appearing under the section entitled “Example” in the Summary Prospectus and Prospectus:

This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other funds.

This example assumes that you invest $10,000 in the Fund for the time periods indicated and then sell all of your Shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses are equal to the Total Annual Fund Operating Expenses After Fee Waivers for the contractual period above and the Total Annual Fund Operating Expenses thereafter. This example does not include the brokerage commissions that investors may pay to buy and sell Shares. Although your actual costs may be higher or lower, your costs, based on these assumptions, would be:

1 Year	3 Years	5 Years	10 Years
$72	$229	$407	$921

Invesco MSCI Emerging Markets Equal Country Weight ETF

Risk/Return:

rr_RiskReturnAbstract

Supplement [Text Block]

ietft2_SupplementTextBlock

INVESCO EXCHANGE-TRADED FUND TRUST II

SUPPLEMENT DATED JUNE 26, 2018 TO THE

PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION DATED APRIL 9, 2018,

AS PREVIOUSLY SUPPLEMENTED, OF:

Invesco MSCI Emerging Markets Equal Country Weight ETF (the “Fund”)

The following information replaces in its entirety the information appearing under the section entitled “Fund Fees and Expenses” in the Summary Prospectus and Prospectus:

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund (“Shares”). Investors may pay brokerage commissions on their purchases and sales of Shares, which are not reflected in the table or the example below.
Annual Fund Operating Expenses
(expenses that you pay each year as a percentage of the value of your investment)
Management Fees	0.70	%
Other Expenses(1)	0.00	%
Acquired Fund Fees and Expenses(2)	0.05	%
Total Annual Fund Operating Expenses	0.75	%
Fee Waivers(3)	0.05	%
Total Annual Fund Operating Expenses After Fee Waivers(3)	0.70	%

⁽¹⁾  “Other Expenses” are based on estimated amounts for the current fiscal year.

⁽²⁾  Acquired Fund Fees and Expenses are indirect fees and expenses that the Fund incurs from investing in the shares of other investment companies. Please note that the amount of Total Annual Fund Operating Expenses shown in the above table may differ from the ratio of expenses to average net assets included in the “Financial Highlights” section of this Prospectus, which reflects the operating expenses of the Fund, after applying any applicable fee waivers, and does not include indirect expenses such as Acquired Fund Fees and Expenses. Therefore, any fee waivers that reduce or eliminate Acquired Fund Fees and Expenses in the fee table will have the effect of reducing the “Total expenses” of the Fund that are reflected in the financial highlights. Acquired Fund Fees and Expenses for the Fund are estimated for the first fiscal year.

⁽³⁾  Invesco Capital Management LLC (the “Adviser”) has agreed to waive a portion of its unitary management fee to the extent necessary to prevent the Fund’s operating expenses (including Acquired Fund Fees and Expenses, but excluding interest expenses, brokerage commissions and other trading expenses, taxes and litigation expenses and extraordinary expenses) from exceeding 0.70% of the Fund’s average daily net assets per year through at least April 6, 2020. Neither the Adviser nor the Fund can discontinue the agreement prior to its expiration.

The following information replaces in its entirety the information appearing under the section entitled “Example” in the Summary Prospectus and Prospectus:

This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other funds.

This example assumes that you invest $10,000 in the Fund for the time periods indicated and then sell all of your Shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses are equal to the Total Annual Fund Operating Expenses After Fee Waivers for the contractual period above and the Total Annual Fund Operating Expenses thereafter. This example does not include the brokerage commissions that investors may pay to buy and sell Shares. Although your actual costs may be higher or lower, your costs, based on these assumptions, would be:

1 Year	3 Years	5 Years	10 Years
$72	$229	$407	$921

Expense Narrative [Text Block]

rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund (“Shares”). Investors may pay brokerage commissions on their purchases and sales of Shares, which are not reflected in the table or the example below.

Operating Expenses Caption [Text]

rr_OperatingExpensesCaption

Annual Fund Operating Expenses
(expenses that you pay each year as a percentage of the value of your investment)

Fee Waiver or Reimbursement over Assets, Date of Termination

rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination

April 6, 2020

Expense Exchange Traded Fund Commissions [Text]

rr_ExpenseExchangeTradedFundCommissions

Investors may pay brokerage commissions on their purchases and sales of Shares, which are not reflected in the table or the example below.

Other Expenses, New Fund, Based on Estimates [Text]

rr_OtherExpensesNewFundBasedOnEstimates

“Other Expenses” are based on estimated amounts for the current fiscal year.

Acquired Fund Fees and Expenses, Based on Estimates [Text]

rr_AcquiredFundFeesAndExpensesBasedOnEstimates

Acquired Fund Fees and Expenses for the Fund are estimated for the first fiscal year.

Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text]

rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees

Acquired Fund Fees and Expenses are indirect fees and expenses that the Fund incurs from investing in the shares of other investment companies. Please note that the amount of Total Annual Fund Operating Expenses shown in the above table may differ from the ratio of expenses to average net assets included in the “Financial Highlights” section of this Prospectus, which reflects the operating expenses of the Fund, after applying any applicable fee waivers, and does not include indirect expenses such as Acquired Fund Fees and Expenses. Therefore, any fee waivers that reduce or eliminate Acquired Fund Fees and Expenses in the fee table will have the effect of reducing the “Total expenses” of the Fund that are reflected in the financial highlights.

Expense Example Narrative [Text Block]

rr_ExpenseExampleNarrativeTextBlock

This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other funds.

This example assumes that you invest $10,000 in the Fund for the time periods indicated and then sell all of your Shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses are equal to the Total Annual Fund Operating Expenses After Fee Waivers for the contractual period above and the Total Annual Fund Operating Expenses thereafter. This example does not include the brokerage commissions that investors may pay to buy and sell Shares. Although your actual costs may be higher or lower, your costs, based on these assumptions, would be:

Invesco MSCI Emerging Markets Equal Country Weight ETF | Invesco MSCI Emerging Markets Equal Country Weight ETF

Risk/Return:

rr_RiskReturnAbstract

Management Fees

rr_ManagementFeesOverAssets

0.70%

Other Expenses

rr_OtherExpensesOverAssets

none

^[1]

Acquired Fund Fees and Expenses

rr_AcquiredFundFeesAndExpensesOverAssets

0.05%

^[2]

Total Annual Fund Operating Expenses

rr_ExpensesOverAssets

0.75%

Fee Waivers

rr_FeeWaiverOrReimbursementOverAssets

0.05%

^[3]

Total Annual Fund Operating Expenses After Fee Waivers

rr_NetExpensesOverAssets

0.70%

^[3]

1 Year

rr_ExpenseExampleYear01

$ 72

3 Years

rr_ExpenseExampleYear03

229

5 Years

rr_ExpenseExampleYear05

407

10 Years

rr_ExpenseExampleYear10

$ 921

[1] “Other Expenses” are based on estimated amounts for the current fiscal year.

[2] Acquired Fund Fees and Expenses are indirect fees and expenses that the Fund incurs from investing in the shares of other investment companies. Please note that the amount of Total Annual Fund Operating Expenses shown in the above table may differ from the ratio of expenses to average net assets included in the “Financial Highlights” section of this Prospectus, which reflects the operating expenses of the Fund, after applying any applicable fee waivers, and does not include indirect expenses such as Acquired Fund Fees and Expenses. Therefore, any fee waivers that reduce or eliminate Acquired Fund Fees and Expenses in the fee table will have the effect of reducing the “Total expenses” of the Fund that are reflected in the financial highlights. Acquired Fund Fees and Expenses for the Fund are estimated for the first fiscal year.

[3] Invesco Capital Management LLC (the “Adviser”) has agreed to waive a portion of its unitary management fee to the extent necessary to prevent the Fund’s operating expenses (including Acquired Fund Fees and Expenses, but excluding interest expenses, brokerage commissions and other trading expenses, taxes and litigation expenses and extraordinary expenses) from exceeding 0.70% of the Fund’s average daily net assets per year through at least April 6, 2020. Neither the Adviser nor the Fund can discontinue the agreement prior to its expiration.

XML

Label	Element	Value
Risk/Return:	rr_RiskReturnAbstract
Registrant Name	dei_EntityRegistrantName	Invesco Exchange-Traded Fund Trust II
Prospectus Date	rr_ProspectusDate	Apr. 09, 2018
Document Creation Date	dei_DocumentCreationDate	Jun. 26, 2018