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        <name>AMETEK, Inc.</name>
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      <invstOrSec>
        <name>Chubb Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Essex Property Trust, Inc.</name>
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        <name>Mid-America Apartment Communities, Inc.</name>
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        <name>Bristol-Myers Squibb Co.</name>
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        <name>International Business Machines Corp.</name>
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        <name>Constellation Brands, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Republic Services, Inc.</name>
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        <name>Jack Henry &amp; Associates, Inc.</name>
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        <name>Camden Property Trust</name>
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        <name>Edison International</name>
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        <name>Johnson &amp; Johnson</name>
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        <name>DTE Energy Co.</name>
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        <name>Hormel Foods Corp.</name>
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        <name>Atmos Energy Corp.</name>
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        <name>Genuine Parts Co.</name>
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        <name>The Progressive Corp.</name>
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        <name>General Mills, Inc.</name>
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        <name>UDR, Inc.</name>
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        <name>American Water Works Co., Inc.</name>
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        <title>Hologic, Inc.</title>
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      <invstOrSec>
        <name>The Travelers Cos., Inc.</name>
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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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        <name>Consolidated Edison, Inc.</name>
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        <name>The Southern Co.</name>
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        <name>Eversource Energy</name>
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        <name>Nasdaq, Inc.</name>
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        <name>McKesson Corp.</name>
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        <name>Roper Technologies, Inc.</name>
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        <name>Abbott Laboratories</name>
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        <name>International Paper Co.</name>
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        <name>Medtronic PLC</name>
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        <name>Air Products and Chemicals, Inc.</name>
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        <name>Philip Morris International Inc.</name>
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        <name>IDEX Corp.</name>
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        <name>Realty Income Corp.</name>
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        <name>Keurig Dr Pepper Inc.</name>
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        <name>Xcel Energy Inc.</name>
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        <name>Conagra Brands, Inc.</name>
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        <name>Public Service Enterprise Group Inc.</name>
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        <name>Arthur J. Gallagher &amp; Co.</name>
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        <name>PPL Corp.</name>
        <lei>9N3UAJSNOUXFKQLF3V18</lei>
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        <name>W. R. Berkley Corp.</name>
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        <name>PepsiCo, Inc.</name>
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      <invstOrSec>
        <name>FirstEnergy Corp.</name>
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      <invstOrSec>
        <name>NiSource Inc.</name>
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        <name>Berkshire Hathaway Inc.</name>
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        <name>Colgate-Palmolive Co.</name>
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        <name>Cboe Global Markets, Inc.</name>
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        <name>Exelon Corp.</name>
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        <name>Brown-Forman Corp.</name>
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        <name>Campbell Soup Co.</name>
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        <name>American Electric Power Co., Inc.</name>
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        <name>Verisk Analytics, Inc.</name>
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        <name>Ameren Corp.</name>
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        <name>The Coca-Cola Co.</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>Welltower Inc.</name>
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        <name>Amcor PLC</name>
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        <name>Verizon Communications Inc.</name>
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        <name>Kellogg Co.</name>
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        <name>Amgen Inc.</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>Amgen Inc.</title>
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        <name>Quest Diagnostics Inc.</name>
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        <name>Evergy, Inc.</name>
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        <name>Kimberly-Clark Corp.</name>
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        <name>3M Co.</name>
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        <name>Honeywell International Inc.</name>
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        <name>Pinnacle West Capital Corp.</name>
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        <name>Equity Residential</name>
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        <name>Mondelez International, Inc.</name>
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        <name>AbbVie Inc.</name>
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        <name>Union Pacific Corp.</name>
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        <name>WEC Energy Group Inc.</name>
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        <name>Sempra Energy</name>
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        <name>The Hershey Co.</name>
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        <name>Duke Energy Corp.</name>
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        <name>UnitedHealth Group Inc.</name>
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        <name>Illinois Tool Works Inc.</name>
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        <name>Aflac Inc.</name>
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        <name>YUM! Brands, Inc.</name>
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        <name>Dominion Energy, Inc.</name>
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        <name>CVS Health Corp.</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="4179240.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Entergy Corp.</name>
        <lei>4XM3TW50JULSLG8BNC79</lei>
        <title>Entergy Corp.</title>
        <cusip>29364G103</cusip>
        <identifiers>
          <isin value="US29364G1031"/>
        </identifiers>
        <balance>923997.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>106536854.10000000</valUSD>
        <pctVal>0.970901324652</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="97923104.40000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AmerisourceBergen Corp.</name>
        <lei>AI8GXW8LG5WK7E9UD086</lei>
        <title>AmerisourceBergen Corp.</title>
        <cusip>03073E105</cusip>
        <identifiers>
          <isin value="US03073E1055"/>
        </identifiers>
        <balance>755574.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>110736925.44000000</valUSD>
        <pctVal>1.009177795851</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="4694771.26000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CenterPoint Energy, Inc.</name>
        <lei>21TPXMRRHFKOBHDC8J74</lei>
        <title>CenterPoint Energy, Inc.</title>
        <cusip>15189T107</cusip>
        <identifiers>
          <isin value="US15189T1079"/>
        </identifiers>
        <balance>3609725.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>113814629.25000000</valUSD>
        <pctVal>1.037225805446</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="3068182.65000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Embecta Corp.</name>
        <lei>549300RPG8GXVDHNXZ62</lei>
        <title>Embecta Corp.</title>
        <cusip>29082K105</cusip>
        <identifiers>
          <isin value="US29082K1051"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>31.92000000</valUSD>
        <pctVal>0.000000290896</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>2022-09-30</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>
</edgarSubmission>
