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      <invstOrSec>
        <name>Fortrea Holdings Inc.</name>
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      <invstOrSec>
        <name>Corcept Therapeutics Inc.</name>
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        <name>Ligand Pharmaceuticals Inc.</name>
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        <name>Amphastar Pharmaceuticals, Inc.</name>
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        <name>Perrigo Co. PLC</name>
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        <name>Waystar Holding Corp.</name>
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        <name>Vir Biotechnology, Inc.</name>
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        <name>Acadia Pharmaceuticals Inc.</name>
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        <name>Neogen Corp.</name>
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        <title>Neogen Corp.</title>
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        <name>TransMedics Group, Inc.</name>
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        <name>Tandem Diabetes Care, Inc.</name>
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        <name>U.S. Physical Therapy, Inc.</name>
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        <name>Artivion, Inc.</name>
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        <name>Enovis Corp.</name>
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        <name>Xencor, Inc.</name>
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        <name>Select Medical Holdings Corp.</name>
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        <name>Merit Medical Systems, Inc.</name>
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        <name>Arcus Biosciences, Inc.</name>
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        <name>Schrodinger, Inc.</name>
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        <name>Prestige Consumer Healthcare Inc.</name>
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        <name>UFP Technologies, Inc.</name>
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        <name>OmniAb, Inc.</name>
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        <name>ANI Pharmaceuticals, Inc.</name>
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        <name>Teleflex Inc.</name>
        <lei>UUL85LWXB4NGSWWXIQ25</lei>
        <title>Teleflex Inc.</title>
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        <name>QuidelOrtho Corp.</name>
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        <name>Invesco Private Prime Fund</name>
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        <name>Pacira Biosciences, Inc.</name>
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        <name>National HealthCare Corp.</name>
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        <name>CONMED Corp.</name>
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        <name>Concentra Group Holdings Parent, Inc.</name>
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        <name>Omnicell, Inc.</name>
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        <name>Embecta Corp.</name>
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        <name>Catalyst Pharmaceuticals, Inc.</name>
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        <name>Azenta, Inc.</name>
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        <name>CorVel Corp.</name>
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        <name>Integer Holdings Corp.</name>
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        <name>Progyny, Inc.</name>
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        <name>STAAR Surgical Co.</name>
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        <name>Integra LifeSciences Holdings Corp.</name>
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        <name>Glaukos Corp.</name>
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        <name>Alignment Healthcare, Inc.</name>
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        <name>Protagonist Therapeutics, Inc.</name>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Amneal Pharmaceuticals, Inc.</name>
        <lei>549300VV176ZO5WQHZ61</lei>
        <title>Amneal Pharmaceuticals, Inc.</title>
        <cusip>03168L105</cusip>
        <identifiers>
          <isin value="US03168L1052"/>
        </identifiers>
        <balance>118907.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1566005.19000000</valUSD>
        <pctVal>1.192147988697</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cytek Biosciences, Inc.</name>
        <lei>549300K2J28BOC6FBO89</lei>
        <title>Cytek Biosciences, Inc.</title>
        <cusip>23285D109</cusip>
        <identifiers>
          <isin value="US23285D1090"/>
        </identifiers>
        <balance>77025.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>322734.75000000</valUSD>
        <pctVal>0.245687297559</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="187760.76000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BrightSpring Health Services, Inc.</name>
        <lei>N/A</lei>
        <title>BrightSpring Health Services, Inc.</title>
        <cusip>10950A106</cusip>
        <identifiers>
          <isin value="US10950A1060"/>
        </identifiers>
        <balance>92724.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5719216.32000000</valUSD>
        <pctVal>4.353850342484</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alkermes PLC</name>
        <lei>549300YHRMYLL071E243</lei>
        <title>Alkermes PLC</title>
        <cusip>G01767105</cusip>
        <identifiers>
          <isin value="IE00B56GVS15"/>
        </identifiers>
        <balance>115659.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4879653.21000000</valUSD>
        <pctVal>3.714718697607</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="4573209.88000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HealthStream, Inc.</name>
        <lei>529900OJ88H8635JNH64</lei>
        <title>HealthStream, Inc.</title>
        <cusip>42222N103</cusip>
        <identifiers>
          <isin value="US42222N1037"/>
        </identifiers>
        <balance>16625.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>415126.25000000</valUSD>
        <pctVal>0.316021892617</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>2026-06-30</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>
  <documents>XXXX</documents>
</edgarSubmission>
