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      <invstOrSec>
        <name>Waste Management, Inc.</name>
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      <invstOrSec>
        <name>Amphenol Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AMETEK, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Baxter International, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Northrop Grumman Corp.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mid-America Apartment Communities, Inc.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bristol-Myers Squibb Co.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>JM Smucker Co. (The)</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Republic Services, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Moody's Corp.</name>
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        <title>Moody's Corp.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cerner Corp.</name>
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        <title>Cerner Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Automatic Data Processing, Inc.</name>
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        <name>Allstate Corp. (The)</name>
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        <name>Johnson &amp; Johnson</name>
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        <name>Merck &amp; Co., Inc.</name>
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        <name>DTE Energy Co.</name>
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        <name>AT&amp;T, Inc.</name>
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        <name>Hormel Foods Corp.</name>
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        <name>Becton, Dickinson and Co.</name>
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        <name>Home Depot, Inc. (The)</name>
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        <name>General Mills, Inc.</name>
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        <name>McCormick &amp; Co., Inc.</name>
        <lei>549300JQQA6MQ4OJP259</lei>
        <title>McCormick &amp; Co., Inc.</title>
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        <name>American Water Works Co., Inc.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>VeriSign, Inc.</name>
        <lei>LMPL4N8ZOJRMF0KOF759</lei>
        <title>VeriSign, Inc.</title>
        <cusip>92343E102</cusip>
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        <name>Church &amp; Dwight Co., Inc.</name>
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      <invstOrSec>
        <name>General Dynamics Corp.</name>
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      <invstOrSec>
        <name>Dollar General Corp.</name>
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        <name>Consolidated Edison, Inc.</name>
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        <name>Southern Co. (The)</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Sherwin-Williams Co. (The)</name>
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        <name>Invesco Private Government Fund</name>
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        <name>Linde PLC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Eversource Energy</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Nasdaq, Inc.</name>
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        <name>Otis Worldwide Corp.</name>
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        <name>Roper Technologies, Inc.</name>
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        <name>Abbott Laboratories</name>
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        <name>Costco Wholesale Corp.</name>
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        <name>Philip Morris International, Inc.</name>
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        <name>IDEX Corp.</name>
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        <title>IDEX Corp.</title>
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        <name>Realty Income Corp.</name>
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        <name>Xcel Energy, Inc.</name>
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        <name>Conagra Brands, Inc.</name>
        <lei>54930035UDEIH090K650</lei>
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        <name>Motorola Solutions, Inc.</name>
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        <name>Public Service Enterprise Group, Inc.</name>
        <lei>PUSS41EMO3E6XXNV3U28</lei>
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        <name>Arthur J. Gallagher &amp; Co.</name>
        <lei>54930049QLLMPART6V29</lei>
        <title>Arthur J. Gallagher &amp; Co.</title>
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        <name>PPL Corp.</name>
        <lei>9N3UAJSNOUXFKQLF3V18</lei>
        <title>PPL Corp.</title>
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        <name>Alexandria Real Estate Equities, Inc.</name>
        <lei>MGCJBT4MKTQBVLNUIS88</lei>
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        <name>Colgate-Palmolive Co.</name>
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        <name>Exelon Corp.</name>
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        <name>Brown-Forman Corp.</name>
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        <name>Duke Realty Corp.</name>
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        <name>American Electric Power Co., Inc.</name>
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        <name>Ameren Corp.</name>
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        <name>CMS Energy Corp.</name>
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        <name>Marsh &amp; McLennan Cos., Inc.</name>
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        <name>Kellogg Co.</name>
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        <name>Paychex, Inc.</name>
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        <name>Microsoft Corp.</name>
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        <name>Quest Diagnostics, Inc.</name>
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        <name>Kimberly-Clark Corp.</name>
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        <name>3M Co.</name>
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        <name>Mondelez International, Inc.</name>
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        <name>Union Pacific Corp.</name>
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        <name>Hershey Co. (The)</name>
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        <name>Gilead Sciences, Inc.</name>
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        <name>Duke Energy Corp.</name>
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        <name>Dover Corp.</name>
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        <name>Fastenal Co.</name>
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        <name>Entergy Corp.</name>
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        <name>American Tower Corp.</name>
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        <name>Lockheed Martin Corp.</name>
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        <curCd>USD</curCd>
        <valUSD>73456061.64000000</valUSD>
        <pctVal>0.917297132963</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>Zoetis, Inc.</name>
        <lei>549300HD9Q1LOC9KLJ48</lei>
        <title>Zoetis, Inc.</title>
        <cusip>98978V103</cusip>
        <identifiers>
          <isin value="US98978V1035"/>
        </identifiers>
        <balance>340594.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>75625491.76000000</valUSD>
        <pctVal>0.944388321693</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>2021-12-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Invesco Exchange-Traded Fund Trust II</ncom:nameOfApplicant>
      <ncom:signature>Sheri Morris</ncom:signature>
      <ncom:signerName>Sheri Morris</ncom:signerName>
      <ncom:title>Vice President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
