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      <invstOrSec>
        <name>Axon Enterprise, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Tapestry, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TransDigm Group Inc.</name>
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      <invstOrSec>
        <name>Booking Holdings Inc.</name>
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      <invstOrSec>
        <name>Fastenal Co.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Broadcom Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Darden Restaurants, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>Evergy, Inc.</name>
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        <title>Evergy, Inc.</title>
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        <name>EQT Corp.</name>
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        <name>Fox Corp.</name>
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        <title>Fox Corp., Class B</title>
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        <name>Fox Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Take-Two Interactive Software, Inc.</name>
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        <title>Take-Two Interactive Software, Inc.</title>
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        <name>Atmos Energy Corp.</name>
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        <title>Atmos Energy Corp.</title>
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        <name>Corteva, Inc.</name>
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        <name>CrowdStrike Holdings, Inc.</name>
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        <cusip>22788C105</cusip>
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        <name>Nasdaq, Inc.</name>
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        <name>Globe Life Inc.</name>
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        <title>Globe Life Inc.</title>
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        <name>Insulet Corp.</name>
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        <title>Insulet Corp.</title>
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        <name>Invesco Government &amp; Agency Portfolio</name>
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        <title>Invesco Government &amp; Agency Portfolio, Institutional Class</title>
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        <name>Boston Scientific Corp.</name>
        <lei>Y6ZDD9FP4P8JSSJMW954</lei>
        <title>Boston Scientific Corp.</title>
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        <invCountry>US</invCountry>
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        <name>Cardinal Health, Inc.</name>
        <lei>CCU46N3GJMF4OK4N7U60</lei>
        <title>Cardinal Health, Inc.</title>
        <cusip>14149Y108</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Trane Technologies PLC</name>
        <lei>549300BURLR9SLYY2705</lei>
        <title>Trane Technologies PLC</title>
        <cusip>G8994E103</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>Cisco Systems, Inc.</name>
        <lei>549300LKFJ962MZ46593</lei>
        <title>Cisco Systems, Inc.</title>
        <cusip>17275R102</cusip>
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        <name>Howmet Aerospace Inc.</name>
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        <name>RTX Corp.</name>
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        <name>Corning Inc.</name>
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        <name>NRG Energy, Inc.</name>
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        <name>Invesco Private Government Fund</name>
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        <name>Deere &amp; Co.</name>
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        <name>Ameren Corp.</name>
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        <name>Entergy Corp.</name>
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        <name>Invesco Private Prime Fund</name>
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        <name>Gilead Sciences, Inc.</name>
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        <name>W. R. Berkley Corp.</name>
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        <name>International Business Machines Corp.</name>
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        <name>Kroger Co. (The)</name>
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        <name>Palantir Technologies Inc.</name>
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        <name>F5, Inc.</name>
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        <name>Amphenol Corp.</name>
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        <name>PPL Corp.</name>
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        <name>Morgan Stanley</name>
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        <name>DoorDash, Inc.</name>
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        <name>Oracle Corp.</name>
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        <name>Expand Energy Corp.</name>
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        <name>Wells Fargo &amp; Co.</name>
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        <name>State Street Corp.</name>
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        <title>State Street Corp.</title>
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        <name>Fortinet, Inc.</name>
        <lei>549300O0QJWDBAS0QX03</lei>
        <title>Fortinet, Inc.</title>
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      <invstOrSec>
        <name>Seagate Technology Holdings PLC</name>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Charles Schwab Corp. (The)</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Walmart Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>General Electric Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Williams Cos., Inc. (The)</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Trimble Inc.</name>
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      <invstOrSec>
        <name>Exelon Corp.</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Constellation Energy Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Cboe Global Markets, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>eBay Inc.</name>
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        <name>Royal Caribbean Cruises Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Kinder Morgan, Inc.</name>
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        <name>TKO Group Holdings, Inc.</name>
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        <name>Capital One Financial Corp.</name>
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        <name>Parker-Hannifin Corp.</name>
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        <name>Ralph Lauren Corp.</name>
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        <name>CBRE Group, Inc.</name>
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        <name>GE Vernova Inc.</name>
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        <name>Altria Group, Inc.</name>
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        <name>Carnival Corp.</name>
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        <invCountry>PA</invCountry>

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        <name>TE Connectivity PLC</name>
        <lei>6367003TB6K484NFHE54</lei>
        <title>TE Connectivity PLC</title>
        <cusip>G87052109</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>BlackRock, Inc.</name>
        <lei>529900VBK42Y5HHRMD23</lei>
        <title>BlackRock, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>Meta Platforms, Inc.</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
        <title>Meta Platforms, Inc., Class A</title>
        <cusip>30303M102</cusip>
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      <invstOrSec>
        <name>Citigroup Inc.</name>
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      <invstOrSec>
        <name>Jabil Inc.</name>
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        <name>T-Mobile US, Inc.</name>
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        <name>Ventas, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Xcel Energy Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CenterPoint Energy, Inc.</name>
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        <name>Northern Trust Corp.</name>
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        <name>VeriSign, Inc.</name>
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        <name>NVIDIA Corp.</name>
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        <name>Philip Morris International Inc.</name>
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        <name>Visa Inc.</name>
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        <title>Visa Inc., Class A</title>
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        <name>Intercontinental Exchange, Inc.</name>
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        <name>Netflix, Inc.</name>
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        <name>Republic Services, Inc.</name>
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        <name>Live Nation Entertainment, Inc.</name>
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        <name>United Airlines Holdings, Inc.</name>
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        <name>Teledyne Technologies Inc.</name>
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        <name>Raymond James Financial, Inc.</name>
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        <name>Interactive Brokers Group, Inc.</name>
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        <name>Bank of New York Mellon Corp. (The)</name>
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        <name>Quanta Services, Inc.</name>
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        <name>CME Group Inc.</name>
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        <name>O'Reilly Automotive, Inc.</name>
        <lei>549300K2RLMQL149Q332</lei>
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        <name>WEC Energy Group Inc.</name>
        <lei>549300IGLYTZUK3PVP70</lei>
        <title>WEC Energy Group Inc.</title>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>36017948.96000000</valUSD>
        <pctVal>0.267954069345</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="13880094.67000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Welltower Inc.</name>
        <lei>254900F33BIAR82QTA19</lei>
        <title>Welltower Inc.</title>
        <cusip>95040Q104</cusip>
        <identifiers>
          <isin value="US95040Q1040"/>
        </identifiers>
        <balance>772306.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>159960018.72000000</valUSD>
        <pctVal>1.190016066604</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>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-03-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Invesco Exchange-Traded Fund Trust II</ncom:nameOfApplicant>
      <ncom:signature>Adrien Deberghes</ncom:signature>
      <ncom:signerName>Adrien Deberghes</ncom:signerName>
      <ncom:title>Vice President</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
