0001752724-24-074271.txt : 20240328 0001752724-24-074271.hdr.sgml : 20240328 20240328143341 ACCESSION NUMBER: 0001752724-24-074271 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240131 FILED AS OF DATE: 20240328 DATE AS OF CHANGE: 20240328 PERIOD START: 20241031 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Invesco Exchange-Traded Fund Trust II CENTRAL INDEX KEY: 0001378872 ORGANIZATION NAME: IRS NUMBER: 000000000 FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-21977 FILM NUMBER: 24797751 BUSINESS ADDRESS: STREET 1: 3500 LACEY ROAD STREET 2: SUITE 700 CITY: DOWNERS GROVE STATE: IL ZIP: 60515 BUSINESS PHONE: 800-983-0903 MAIL ADDRESS: STREET 1: 3500 LACEY ROAD STREET 2: SUITE 700 CITY: DOWNERS GROVE STATE: IL ZIP: 60515 FORMER COMPANY: FORMER CONFORMED NAME: PowerShares Exchange-Traded Fund Trust II DATE OF NAME CHANGE: 20070919 FORMER COMPANY: FORMER CONFORMED NAME: PowerShares Global Exchange-Traded Fund Trust DATE OF NAME CHANGE: 20061023 0001378872 S000034747 Invesco S&P International Developed Low Volatility ETF C000106970 Invesco S&P International Developed Low Volatility ETF IDLV NPORT-P 1 primary_doc.xml NPORT-P false 0001378872 XXXXXXXX S000034747 C000106970 Invesco Exchange-Traded Fund Trust II 811-21977 0001378872 O540V2L4S174Y60FMD36 3500 Lacey Road Suite 700 Downers Grove 60515 800-983-0903 Invesco S&P International Developed Low Volatility ETF S000034747 549300P32QINHFXYMK04 2024-10-31 2024-01-31 N 580079118.19 42298319.72 537780798.47 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 N SGS S.A. 2138007JNS19JHNA2336 SGS S.A. 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N/A 312950.00000000 NS 2661066.61000000 0.494823656324 Long EC CORP IT N 1 N N N Toronto-Dominion Bank (The) PT3QB789TSUIDF371261 Toronto-Dominion Bank (The) 891160509 42058.00000000 NS 2570919.40000000 0.478060839530 Long EC CORP CA N 1 N N N Wesfarmers Ltd. 5493003L32ZX9557ST85 Wesfarmers Ltd. Q95870103 78961.00000000 NS 3036310.08000000 0.564599942697 Long EC CORP AU N 1 N N N Kirin Holdings Co., Ltd. 353800GBVL72LLMTYM96 Kirin Holdings Co., Ltd. 497350108 203299.00000000 NS 2952651.12000000 0.549043611895 Long EC CORP JP N 1 N N N Kewpie Corp. 529900LQQ53U4P4VZN24 Kewpie Corp. N/A 155707.00000000 NS 2797772.78000000 0.520244082339 Long EC CORP JP N 1 N N N AEON Mall Co., Ltd. 353800IDE3ULLSB2R846 AEON Mall Co., Ltd. N/A 222041.00000000 NS 2779025.21000000 0.516757983532 Long EC CORP JP N 1 N N N SECOM Co., Ltd. 529900TYCL9N3E9PGE47 SECOM Co., Ltd. N/A 33388.00000000 NS 2448567.54000000 0.455309588398 Long EC CORP JP N 1 N N N Bunzl PLC 213800Q1Q9DV4L78UM09 Bunzl PLC G16968110 71365.00000000 NS 2921785.62000000 0.543304191654 Long EC CORP GB N 1 N N N Alimentation Couche-Tard Inc. 549300OSW32RVX8CCZ87 Alimentation Couche-Tard Inc. 01626P148 40854.00000000 NS 2408950.35000000 0.447942796926 Long EC CORP CA N 1 N N N Zurich Insurance Group Ltd. 529900QVNRBND50TXP03 Zurich Insurance Group Ltd. N/A 5342.00000000 NS 2734361.72000000 0.508452835761 Long EC CORP CH N 1 N N N ASX Ltd. 549300VSBVYUCBIQKT71 ASX Ltd. N/A 61324.00000000 NS 2661740.86000000 0.494949032686 Long EC CORP AU N 1 N N N Wolters Kluwer N.V. 724500TEM53I0U077B74 Wolters Kluwer N.V. N/A 17771.00000000 NS 2634962.82000000 0.489969673052 Long EC CORP NL N 1 N N N Qiagen N.V. 54930036WK3GMCN17Z57 Qiagen N.V. N72482149 57972.05000000 NS 2544390.36000000 0.473127781289 Long EC CORP NL N 1 N N N RELX PLC 549300WSX3VBUFFJOO66 RELX PLC N/A 69206.00000000 NS 2874814.36000000 0.534569915508 Long EC CORP GB N 1 N N N AEON Co., Ltd. 5299009MXFL34SA71416 AEON Co., Ltd. N/A 123132.00000000 NS 2976058.53000000 0.553396205008 Long EC CORP JP N 1 N N N Nippon Express Holdings, Inc. N/A Nippon Express Holdings, Inc. N/A 42266.00000000 NS 2544778.97000000 0.473200043073 Long EC CORP JP N 1 N N N Orica Ltd. 5493008IHK1CVI000P92 Orica Ltd. Q7160T109 252121.00000000 NS 2709966.86000000 0.503916626943 Long EC CORP AU N 1 N N N Ackermans & van Haaren N.V. 5493005E2GHATS0Z6J59 Ackermans & van Haaren N.V. N/A 16518.00000000 NS 2779321.92000000 0.516813156569 Long EC CORP BE N 1 N N Westpac Banking Corp. EN5TNI6CI43VEPAMHL14 Westpac Banking Corp. N/A 178002.00000000 NS 2845218.32000000 0.529066550552 Long EC CORP AU N 1 N N N Dollarama Inc. 5493002GJ0NJP1HI0C79 Dollarama Inc. 25675T107 33014.00000000 NS 2438150.80000000 0.453372602171 Long EC CORP CA N 1 N N N Auckland International Airport Ltd. 549300HFZIZDJWB7AK60 Auckland International Airport Ltd. N/A 532831.00000000 NS 2766546.75000000 0.514437621772 Long EC CORP NZ N 1 N N N Allianz SE 529900K9B0N5BT694847 Allianz SE N/A 10081.00000000 NS 2713531.64000000 0.504579495534 Long EC CORP DE N 1 N N N Canon Inc. 529900JH1GSC035SSP77 Canon Inc. N/A 88438.00000000 NS 2468459.31000000 0.459008450473 Long EC CORP JP N 1 N N N MTR Corp. Ltd. 254900IH4U9NHH9AQM97 MTR Corp. Ltd. N/A 635290.00000000 NS 2064199.81000000 0.383836651638 Long EC CORP HK N 1 N N N Coca-Cola Europacific Partners PLC 549300LTH67W4GWMRF57 Coca-Cola Europacific Partners PLC G25839104 40196.00000000 NS USD 2769504.40000000 0.514987594923 Long EC CORP GB N 1 N N Henkel AG & Co. KGaA 549300VZCL1HTH4O4Y49 Henkel AG & Co. KGaA, Preference Shares N/A 38731.00000000 NS 2991288.38000000 0.556228186002 Long EP CORP DE N 1 N N Iberdrola S.A. 5QK37QC7NWOJ8D7WVQ45 Iberdrola S.A. N/A 225935.41380000 NS 2742595.85000000 0.509983967036 Long EC CORP ES N 1 N N N Swisscom AG 5493005SL9HHOXS3B739 Swisscom AG N/A 5292.00000000 NS 3184391.68000000 0.592135622740 Long EC CORP CH N 1 N N N Venture Corp. Ltd. 254900B1NLZC3J1MAE72 Venture Corp. Ltd. N/A 229795.00000000 NS 2305946.01000000 0.428789204925 Long EC CORP SG N 1 N N N Industrivarden AB 549300TM1DLIQI3B3T37 Industrivarden AB, Class C N/A 77048.00000000 NS 2445139.70000000 0.454672183714 Long EC CORP SE N 1 N N Heineken N.V. 724500K5PTPSST86UQ23 Heineken N.V. N/A 26201.00000000 NS 2655397.14000000 0.493769421956 Long EC CORP NL N 1 N N Roche Holding AG 549300U41AUUVOAAOB37 Roche Holding AG N/A 10036.00000000 NS 2890826.60000000 0.537547381428 Long EC CORP CH N 1 N N N Shionogi & Co., Ltd. 35380049VXDTHZI3DY35 Shionogi & Co., Ltd. N/A 52003.00000000 NS 2529443.00000000 0.470348329132 Long EC CORP JP N 1 N N N Unilever PLC 549300MKFYEKVRWML317 Unilever PLC G92087165 67529.00000000 NS 3308221.69000000 0.615161734932 Long EC CORP GB N 1 N N N Naturgy Energy Group S.A. TL2N6M87CW970S5SV098 Naturgy Energy Group S.A. N/A 82832.00000000 NS 2249407.45000000 0.418275895383 Long EC CORP ES N 1 N N ANA Holdings Inc. 5493008IRKIY0G3TE305 ANA Holdings Inc. N/A 121747.00000000 NS 2723534.74000000 0.506439565664 Long EC CORP JP N 1 N N Keyera Corp. N/A Keyera Corp. 493271100 97101.00000000 NS 2363477.80000000 0.439487204958 Long EC CORP CA N 1 N N N Canadian Utilities Ltd. LWV4QIQODEH3VBHUFX07 Canadian Utilities Ltd., Class A 136717832 118261.00000000 NS 2712111.85000000 0.504315486479 Long EC CORP CA N 1 N N London Stock Exchange Group PLC 213800QAUUUP6I445N30 London Stock Exchange Group PLC N/A 23183.00000000 NS 2639893.46000000 0.490886522447 Long EC CORP GB N 1 N N N Holcim Ltd. 529900EHPFPYHV6IQO98 Holcim Ltd. H36940130 31529.00000000 NS 2431612.33000000 0.452156777802 Long EC CORP CH N 1 N N N NH Foods Ltd. 353800NLDBIOUQILWU82 NH Foods Ltd. N/A 84036.00000000 NS 2907843.94000000 0.540711745059 Long EC CORP JP N 1 N N N Deutsche Telekom AG 549300V9QSIG4WX4GJ96 Deutsche Telekom AG N/A 110864.00000000 NS 2739090.98000000 0.509332238672 Long EC CORP DE N 1 N N N TMX Group Ltd. 549300N65GFVKSHGJW59 TMX Group Ltd. 87262K105 126619.00000000 NS 3151140.86000000 0.585952653751 Long EC CORP CA N 1 N N N Lottery Corp. Ltd. (The) N/A Lottery Corp. Ltd. (The) N/A 799411.00000000 NS 2673960.91000000 0.497221343269 Long EC CORP AU N 1 N N N Jardine Matheson Holdings Ltd. 2138009KENVUNWOLPK41 Jardine Matheson Holdings Ltd. N/A 56957.00000000 NS USD 2295367.10000000 0.426822063288 Long EC CORP BM N 1 N N N Sekisui House, Ltd. 529900GMNDOYQSAJAE76 Sekisui House, Ltd. N/A 118202.00000000 NS 2706496.28000000 0.503271274783 Long EC CORP JP N 1 N N National Australia Bank Ltd. F8SB4JFBSYQFRQEH3Z21 National Australia Bank Ltd. N/A 121692.00000000 NS 2622491.24000000 0.487650590623 Long EC CORP AU N 1 N N N Spark New Zealand Ltd. 529900HUN51H3Y7QBB66 Spark New Zealand Ltd. N/A 946016.00000000 NS 3095032.35000000 0.575519311735 Long EC CORP NZ N 1 N N N Cochlear Ltd. 5493001OLLWY8KV5UC08 Cochlear Ltd. N/A 12138.00000000 NS 2443094.81000000 0.454291937709 Long EC CORP AU N 1 N N N Royal Bank of Canada ES7IP3U3RHIGC71XBU11 Royal Bank of Canada 780087102 32355.00000000 NS 3177500.51000000 0.590854214029 Long EC CORP CA N 1 N N N Compass Group PLC 2138008M6MH9OZ6U2T68 Compass Group PLC N/A 112214.00000000 NS 3112339.89000000 0.578737637873 Long EC CORP GB N 1 N N N Power Assets Holdings Ltd. 254900JOWYUW1ZX4DF47 Power Assets Holdings Ltd. N/A 483919.00000000 NS 2835202.94000000 0.527204196963 Long EC CORP HK N 1 N N N Essity AB 549300G8E6YUVJ1DA153 Essity AB, Class B N/A 90197.00000000 NS 2136126.43000000 0.397211361223 Long EC CORP SE N 1 N N N Vinci S.A. 213800WFQ334R8UXUG83 Vinci S.A. N/A 20515.00000000 NS 2609060.85000000 0.485153218081 Long EC CORP FR N 1 N N N DBS Group Holdings Ltd. 5493007FKT78NKPM5V55 DBS Group Holdings Ltd. N/A 127691.00000000 NS 3046199.78000000 0.566438926169 Long EC CORP SG N 1 N N N Emera Inc. NQZVQT2P5IUF2PGA1Q48 Emera Inc. 290876101 68266.00000000 NS 2427542.13000000 0.451399926681 Long EC CORP CA N 1 N N Sun Life Financial Inc. 549300V040JZX5S66Z78 Sun Life Financial Inc. 866796105 60669.00000000 NS 3164569.15000000 0.588449635800 Long EC CORP CA N 1 N N N Tesco PLC 2138002P5RNKC5W2JZ46 Tesco PLC N/A 730300.00000000 NS 2665382.77000000 0.495626243551 Long EC CORP GB N 1 N N N Enel S.p.A. WOCMU6HCI0OJWNPRZS33 Enel S.p.A. N/A 329058.00000000 NS 2266523.26000000 0.421458569448 Long EC CORP IT N 1 N N N E.ON SE Q9MAIUP40P25UFBFG033 E.ON SE N/A 184062.00000000 NS 2511214.15000000 0.466958685982 Long EC CORP DE N 1 N N N Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 529900MUF4C20K50JS49 Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Class R N/A 5863.00000000 NS 2510536.19000000 0.466832619748 Long EC CORP DE N 1 N N N Daiwa House Industry Co., Ltd. 353800K9WXR9XRZJZI46 Daiwa House Industry Co., Ltd. N/A 78374.00000000 NS 2457782.90000000 0.457023178773 Long EC CORP JP N 1 N N N Infratil Ltd. N/A Infratil Ltd. N/A 394974.00000000 NS 2568629.42000000 0.477635019195 Long EC CORP NZ N 1 N N N Sohgo Security Services Co., Ltd. N/A Sohgo Security Services Co., Ltd. N/A 396640.00000000 NS 2188948.10000000 0.407033517415 Long EC CORP JP N 1 N N N Haseko Corp. 529900EH7TSG348O4045 Haseko Corp. N/A 216321.00000000 NS 2851722.71000000 0.530276037767 Long EC CORP JP N 1 N N N Toho Co., Ltd. 529900IYHHYWU4O3H185 Toho Co., Ltd. N/A 68629.00000000 NS 2261576.15000000 0.420538657466 Long EC CORP JP N 1 N N Medipal Holdings Corp. 353800PJDODZEA4NP730 Medipal Holdings Corp. N/A 145340.00000000 NS 2345524.61000000 0.436148820611 Long EC CORP JP N 1 N N N Great-West Lifeco Inc. 549300X81X4VZEESFU46 Great-West Lifeco Inc. 39138C106 93827.00000000 NS 3151795.04000000 0.586074298109 Long EC CORP CA N 1 N N N 2024-03-01 Invesco Exchange-Traded Fund Trust II Adrien Deberghes Adrien Deberghes Vice President XXXX NPORT-EX 2 edgar.htm
Schedule of Investments
Invesco S&P Emerging Markets Low Volatility ETF (EELV)
January 31, 2024
(Unaudited)
  Shares   Value
Common Stocks & Other Equity Interests-99.54%
Brazil-4.64%
Ambev S.A.
  1,073,500   $2,841,752
BB Seguridade Participacoes S.A.
  464,500   3,219,754
Caixa Seguridade Participacoes S.A.
  1,286,100   3,677,844
Cia de Transmissao de Energia Eletrica Paulista, Preference Shares
  623,800   3,233,191
ENGIE Brasil Energia S.A.
  409,400   3,362,298
Equatorial Energia S.A.
  408,600   2,929,853
Itausa S.A., Preference Shares
  1,471,550   2,978,183
Klabin S.A.
  674,000   2,904,102
Raia Drogasil S.A.
  473,300   2,423,446
Telefonica Brasil S.A.
  262,600   2,729,582
TIM S.A.
  824,200   2,892,398
        33,192,403
Chile-1.54%
Banco de Chile
  26,696,933   2,986,138
Banco de Credito e Inversiones S.A.
  103,945   2,745,769
Banco Santander Chile
  58,987,339   2,721,446
Cencosud S.A.
  1,450,283   2,517,854
        10,971,207
China-4.28%
Agricultural Bank of China Ltd., H Shares
  7,856,343   3,035,103
Bank of China Ltd., H Shares
  8,618,310   3,241,272
CGN Power Co. Ltd., H Shares(a)
  12,918,265   3,619,048
China CITIC Bank Corp. Ltd., H Shares
  6,187,619   3,063,236
China Construction Bank Corp., H Shares
  4,915,993   2,917,932
Chongqing Rural Commercial Bank Co. Ltd., H Shares
  8,618,000   3,351,399
Hengan International Group Co. Ltd.
  787,104   2,436,652
Nongfu Spring Co. Ltd., H Shares(a)
  524,400   2,840,940
Want Want China Holdings Ltd.
  4,671,000   2,575,331
Zhejiang Expressway Co. Ltd., H Shares
  4,762,000   3,533,161
        30,614,074
Czech Republic-0.50%
Komercni banka A.S.
  108,840   3,585,379
Greece-0.87%
Hellenic Telecommunications Organization S.A.
  214,589   2,995,301
OPAP S.A.
  183,836   3,199,065
        6,194,366
Hungary-0.94%
MOL Hungarian Oil & Gas PLC(b)
  397,193   3,271,804
Richter Gedeon Nyrt
  127,779   3,466,924
        6,738,728
India-2.39%
Dr. Reddy’s Laboratories Ltd., ADR(b)
  51,851   3,730,680
HDFC Bank Ltd., ADR(b)
  45,636   2,532,342
ICICI Bank Ltd., ADR(b)
  148,333   3,619,325
Reliance Industries Ltd., GDR(a)
  52,643   3,653,424
Wipro Ltd., ADR(b)
  627,540   3,551,876
        17,087,647
Indonesia-3.37%
PT Astra International Tbk
  7,611,610   2,472,085
PT Bank Central Asia Tbk
  6,477,403   3,920,101
PT Bank Negara Indonesia (Persero) Tbk
  9,351,605   3,407,588
PT Bank Rakyat Indonesia (Persero) Tbk
  9,028,663   3,261,304
PT Capital Financial Indonesia Tbk(c)
  38,835,135   1,821,166
PT Indofood CBP Sukses Makmur Tbk
  4,146,780   3,094,318
  Shares   Value
Indonesia-(continued)
PT Indofood Sukses Makmur Tbk
  7,824,790   $3,161,156
PT Telkom Indonesia (Persero) Tbk
  11,643,529   2,921,950
        24,059,668
Kuwait-3.51%
Agility Public Warehousing Co. K.S.C.P.(c)
  1,631,874   3,077,006
Boubyan Bank K.S.C.P.
  1,965,372   3,923,077
Gulf Bank K.S.C.P.
  4,465,842   4,210,319
Kuwait Finance House K.S.C.P.
  1,979,426   4,967,870
Mobile Telecommunications Co. K.S.C.P.
  2,429,112   4,153,813
National Bank of Kuwait SAKP
  1,483,431   4,726,145
        25,058,230
Malaysia-13.20%
CIMB Group Holdings Bhd.
  3,547,700   4,672,764
Gamuda Bhd.
  2,957,800   3,157,905
Genting Bhd.
  3,495,800   3,488,409
Genting Malaysia Bhd.
  7,072,300   4,037,042
Hong Leong Bank Bhd.
  1,543,000   6,263,340
Hong Leong Financial Group Bhd.
  1,261,400   4,378,898
IHH Healthcare Bhd.
  3,590,847   4,630,902
Kuala Lumpur Kepong Bhd.
  629,600   2,957,656
Malayan Banking Bhd.
  3,624,992   7,096,707
Malaysia Airports Holdings Bhd.
  2,578,400   4,191,944
MISC Bhd.
  3,332,300   5,178,098
Nestle Malaysia Bhd.
  231,800   5,856,258
Petronas Gas Bhd.
  1,346,900   5,051,587
Press Metal Aluminium Holdings Bhd.
  2,878,400   2,884,486
Public Bank Bhd.
  5,668,100   5,260,668
RHB Bank Bhd.
  4,556,600   5,394,706
Sime Darby Bhd.
  6,707,300   3,445,822
Sunway Bhd.
  7,385,800   4,184,766
Telekom Malaysia Bhd.
  3,171,700   3,969,654
Tenaga Nasional Bhd.
  1,981,272   4,490,325
TIME dotCom Bhd.
  3,240,600   3,768,140
        94,360,077
Mexico-4.09%
America Movil S.A.B. de C.V., Class B(c)
  3,411,823   3,088,926
Arca Continental S.A.B. de C.V.
  282,803   3,219,991
Coca-Cola FEMSA S.A.B. de C.V., Series L
  349,883   3,338,000
El Puerto de Liverpool S.A.B. de C.V., Class C-1
  628,188   4,421,876
Fomento Economico Mexicano S.A.B. de C.V., Series CPO(d)
  247,006   3,357,027
Grupo Bimbo S.A.B. de C.V., Series A(b)
  531,455   2,429,615
Grupo Elektra S.A.B. de C.V.
  47,169   3,167,522
Kimberly-Clark de Mexico S.A.B. de C.V., Class A
  1,388,073   3,171,260
Wal-Mart de Mexico S.A.B. de C.V., Series V
  734,735   3,041,950
        29,236,167
Poland-0.46%
Orange Polska S.A.
  1,516,534   3,261,355
Qatar-0.46%
Qatar Fuel Q.S.C.
  764,137   3,294,960
Romania-0.53%
NEPI Rockcastle N.V.
  560,566   3,800,049
Russia-0.10%
Mobile TeleSystems PJSC, ADR(c)(e)
  206,291   0
X5 Retail Group N.V., GDR(a)(c)(e)
  51,546   678,375
        678,375
See accompanying notes which are an integral part of this schedule.
Invesco S&P Emerging Markets Low Volatility ETF (EELV)—(continued)
January 31, 2024
(Unaudited)
  Shares   Value
Saudi Arabia-6.05%
Advanced Petrochemical Co.
  303,070   $3,075,068
Al Rajhi Bank
  158,296   3,545,736
Bank Al-Jazira(c)
  673,039   3,621,751
Jarir Marketing Co.
  928,727   3,774,246
Rabigh Refining & Petrochemical Co.(c)
  963,803   2,349,047
SABIC Agri-Nutrients Co.
  80,070   2,737,253
Saudi Arabian Oil Co.(a)
  472,727   3,857,350
Saudi Basic Industries Corp.
  160,746   3,339,141
Saudi Electricity Co.
  695,788   3,517,810
Saudi Investment Bank (The)
  840,130   3,494,848
Saudi National Bank (The)
  305,876   3,311,529
Saudi Telecom Co.
  311,552   3,389,595
Yanbu National Petrochemical Co., Class A
  315,860   3,234,320
        43,247,694
South Africa-3.49%
Bid Corp. Ltd.
  131,588   3,213,015
Clicks Group Ltd.(b)
  185,587   3,002,920
Discovery Ltd.
  466,112   3,471,765
Old Mutual Ltd.(b)
  4,341,772   2,906,381
OUTsurance Group Ltd.
  1,389,620   3,126,855
Remgro Ltd.
  399,905   3,390,820
Shoprite Holdings Ltd.
  206,648   3,016,486
Vodacom Group Ltd.
  561,698   2,819,551
        24,947,793
South Korea-6.71%
BNK Financial Group, Inc.
  582,683   3,287,456
Cheil Worldwide, Inc.
  205,200   2,824,354
GS Holdings Corp.(c)
  97,038   3,366,320
Hyundai Motor Co.
  21,058   3,070,383
Industrial Bank of Korea(c)
  370,718   3,477,608
Kangwon Land, Inc.(c)
  235,684   2,650,595
Korean Air Lines Co. Ltd.(c)
  166,110   2,800,341
KT&G Corp.
  55,851   3,791,332
LG Uplus Corp.
  449,495   3,445,348
NH Investment & Securities Co. Ltd.(c)
  377,389   2,991,627
Samsung Biologics Co. Ltd.(a)(c)
  5,395   3,395,497
Samsung C&T Corp.
  38,669   3,998,293
Samsung Electronics Co. Ltd.
  54,699   2,979,521
Samsung Life Insurance Co. Ltd.
  61,831   3,210,496
Samsung Securities Co. Ltd.
  93,975   2,651,001
        47,940,172
Taiwan-26.33%
Asia Cement Corp.
  2,964,872   3,765,353
Catcher Technology Co. Ltd.
  577,615   3,589,390
Cathay Financial Holding Co. Ltd.(c)
  2,697,198   3,804,575
Chang Hwa Commercial Bank Ltd.
  11,511,667   6,436,338
Cheng Shin Rubber Industry Co. Ltd.
  2,156,046   3,130,794
Chicony Electronics Co. Ltd.
  494,000   2,596,303
China Development Financial Holding Corp.(c)
  10,570,768   4,069,642
China Steel Corp.
  4,816,689   3,870,341
Chunghwa Telecom Co. Ltd.
  1,583,137   6,019,052
CTBC Financial Holding Co. Ltd.
  4,317,730   3,924,645
E.Sun Financial Holding Co. Ltd.
  5,692,411   4,501,260
Far Eastern New Century Corp.
  3,857,000   3,807,770
Far EasTone Telecommunications Co. Ltd.
  1,424,810   3,664,506
First Financial Holding Co. Ltd.
  6,098,200   5,182,579
Formosa Chemicals & Fibre Corp.
  2,071,271   3,745,553
Formosa Petrochemical Corp.
  1,466,831   3,496,081
Formosa Plastics Corp.
  1,870,542   4,308,889
Fubon Financial Holding Co. Ltd.
  2,104,147   4,336,091
  Shares   Value
Taiwan-(continued)
Highwealth Construction Corp.
  3,646,550   $4,613,600
Hon Hai Precision Industry Co. Ltd.
  1,058,017   3,464,808
Hua Nan Financial Holdings Co. Ltd.
  6,756,650   4,662,811
Mega Financial Holding Co. Ltd.
  3,206,177   3,856,693
Nan Ya Plastics Corp.
  1,785,930   3,474,916
Pegatron Corp.
  1,141,061   3,014,928
Pou Chen Corp.
  3,895,426   3,932,825
Powerchip Semiconductor Manufacturing Corp.
  2,968,000   2,560,297
Powertech Technology, Inc.
  789,556   3,670,359
President Chain Store Corp.
  601,000   5,069,218
Radiant Opto-Electronics Corp.
  664,028   2,938,318
Shanghai Commercial & Savings Bank Ltd. (The)
  2,414,902   3,417,951
Shin Kong Financial Holding Co. Ltd.(c)
  13,445,532   3,608,443
Simplo Technology Co. Ltd.
  238,000   3,087,206
SinoPac Financial Holdings Co. Ltd.
  6,600,470   4,048,915
Synnex Technology International Corp.
  1,712,021   3,938,258
TA Chen Stainless Pipe
  2,500,232   2,963,581
Taishin Financial Holding Co. Ltd.
  7,930,036   4,345,121
Taiwan Business Bank
  9,212,537   3,929,372
Taiwan Cement Corp.
  3,274,900   3,337,731
Taiwan Cooperative Financial Holding Co. Ltd.
  6,182,870   5,027,366
Taiwan Fertilizer Co. Ltd.
  2,277,677   4,948,387
Taiwan High Speed Rail Corp.
  5,619,000   5,304,923
Taiwan Mobile Co. Ltd.
  1,782,800   5,582,019
Taiwan Semiconductor Manufacturing Co. Ltd.
  153,000   3,069,825
Uni-President Enterprises Corp.
  1,967,181   4,550,357
WPG Holdings Ltd.
  1,196,937   3,334,651
Yuanta Financial Holding Co. Ltd.
  5,491,230   4,745,692
Yulon Finance Corp.
  612,657   3,415,666
        188,163,399
Thailand-11.81%
Advanced Info Service PCL, NVDR
  624,346   3,854,042
Airports of Thailand PCL, NVDR
  2,221,489   3,741,356
Bangkok Bank PCL, NVDR
  861,167   3,422,579
Bangkok Dusit Medical Services PCL, NVDR
  4,345,815   3,368,611
Bangkok Expressway & Metro PCL, NVDR
  13,440,205   2,784,455
Central Pattana PCL, NVDR
  1,498,681   2,735,243
Charoen Pokphand Foods PCL, NVDR
  5,378,896   2,820,026
CP ALL PCL, NVDR
  2,069,636   3,048,086
Electricity Generating PCL, NVDR
  794,921   2,946,434
Gulf Energy Development PCL, NVDR
  2,082,395   2,553,285
Home Product Center PCL, NVDR
  9,747,151   2,884,789
Intouch Holdings PCL, NVDR
  1,744,626   3,626,698
Kasikornbank PCL, NVDR
  897,341   3,035,189
Kiatnakin Phatra Bank PCL, NVDR
  2,185,442   3,003,039
Kiatnakin Phatra Bank PCL, Wts., expiring 03/17/2024(c)
  191,544   54
Kiatnakin Phatra Bank PCL, Wts., expiring 03/17/2026(c)
  191,544   8,854
Krung Thai Bank PCL, NVDR
  6,468,540   2,899,015
Land & Houses PCL, NVDR
  18,825,029   4,059,234
Minor International PCL, NVDR
  3,626,056   3,117,320
PTT Oil & Retail Business PCL, NVDR
  5,129,436   2,588,032
PTT PCL, NVDR
  3,545,797   3,373,142
Ratch Group PCL, NVDR
  3,460,465   2,950,576
SCB X PCL, NVDR
  1,359,307   3,984,721
Siam Cement PCL (The), NVDR
  457,828   3,484,280
Thai Beverage PCL
  8,030,234   3,154,767
Thai Union Group PCL, NVDR
  6,652,398   2,850,157
 
See accompanying notes which are an integral part of this schedule.
Invesco S&P Emerging Markets Low Volatility ETF (EELV)—(continued)
January 31, 2024
(Unaudited)
  Shares   Value
Thailand-(continued)
Tisco Financial Group PCL, NVDR
  1,796,558   $5,013,297
TMBThanachart Bank PCL, NVDR
  61,347,292   3,095,248
        84,402,529
United Arab Emirates-4.27%
Abu Dhabi Commercial Bank PJSC
  1,412,401   3,460,872
Abu Dhabi National Oil Co. for Distribution PJSC
  2,915,736   2,818,133
Abu Dhabi Ports Co. PJSC(c)
  1,980,536   3,348,570
Borouge PLC
  6,215,121   4,044,199
Dubai Electricity and Water Authority PJSC
  5,441,397   3,718,511
Dubai Islamic Bank PJSC
  2,454,484   4,223,400
Emirates NBD Bank PJSC
  612,104   2,949,738
Emirates Telecommunications Group Co. PJSC
  540,648   2,823,243
First Abu Dhabi Bank PJSC
  776,870   3,096,524
        30,483,190
Total Common Stocks & Other Equity Interests

(Cost $694,558,048)
  711,317,462
Money Market Funds-0.24%
Invesco Government & Agency Portfolio, Institutional Class, 5.24%(f)(g)

(Cost $1,681,275)
  1,681,275   1,681,275
TOTAL INVESTMENTS IN SECURITIES

(excluding investments purchased with cash collateral from securities on loan)-99.78%

(Cost $696,239,323)
  712,998,737
  Shares   Value
Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds-1.69%
Invesco Private Government Fund, 5.29%(f)(g)(h)
  3,387,153   $3,387,153
Invesco Private Prime Fund, 5.52%(f)(g)(h)
  8,703,733   8,709,826
Total Investments Purchased with Cash Collateral from Securities on Loan

(Cost $12,097,210)
  12,096,979
TOTAL INVESTMENTS IN SECURITIES-101.47%

(Cost $708,336,533)
  725,095,716
OTHER ASSETS LESS LIABILITIES-(1.47)%
  (10,473,829)
NET ASSETS-100.00%
  $714,621,887
 
Investment Abbreviations:
ADR-American Depositary Receipt
CPO-Certificates of Ordinary Participation
GDR-Global Depositary Receipt
NVDR-Non-Voting Depositary Receipt
Wts.-Warrants
    
Notes to Schedule of Investments:
(a) Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at January 31, 2024 was $18,044,634, which represented 2.53% of the Fund’s Net Assets.
(b) All or a portion of this security was out on loan at January 31, 2024.
(c) Non-income producing security.
(d) Each CPO for Fomento Economico Mexicano, S.A.B. de C.V. represents one Series B share and four Series D shares.
(e) Security valued using significant unobservable inputs (Level 3). See Note 1.
(f) Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the three months ended January 31, 2024.
    
  Value
October 31, 2023 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation
(Depreciation) 		  Realized
Gain 		  Value
January 31, 2024 		  Dividend
Income
Investments in Affiliated Money Market Funds:                          
Invesco Government & Agency Portfolio, Institutional Class $-   $20,264,280   $(18,583,005)   $-   $-   $1,681,275   $19,381
See accompanying notes which are an integral part of this schedule.
Invesco S&P Emerging Markets Low Volatility ETF (EELV)—(continued)
January 31, 2024
(Unaudited)
  Value
October 31, 2023 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation
(Depreciation) 		  Realized
Gain 		  Value
January 31, 2024 		  Dividend
Income
Investments Purchased with Cash Collateral from Securities on Loan:                          
Invesco Private Government Fund $4,448,834   $16,008,322   $(17,070,003)   $-   $-   $3,387,153   $54,288*
Invesco Private Prime Fund 11,443,704   37,601,269   (40,341,961)   (152)   6,966   8,709,826   143,099*
Total $15,892,538   $73,873,871   $(75,994,969)   $(152)   $6,966   $13,778,254   $216,768
    
* Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from borrowers, if any.
    
(g) The rate shown is the 7-day SEC standardized yield as of January 31, 2024.
(h) The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return of the securities loaned.  
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments
Invesco S&P Emerging Markets Momentum ETF (EEMO)
January 31, 2024
(Unaudited)
  Shares   Value
Common Stocks & Other Equity Interests-100.41%
Brazil-5.62%
Banco do Brasil S.A.
  4,916   $56,163
Caixa Seguridade Participacoes S.A.
  2,366   6,766
Equatorial Energia S.A.
  2,852   20,450
Gerdau S.A., Preference Shares
  3,555   15,138
Petroleo Brasileiro S.A., Preference Shares
  14,371   117,647
PRIO S.A.
  3,479   30,931
Raia Drogasil S.A.
  4,242   21,721
WEG S.A.
  5,096   33,354
        302,170
Chile-0.59%
Banco Santander Chile
  219,080   10,107
Cencosud S.A.
  5,860   10,174
Enel Chile S.A.
  192,418   11,539
        31,820
China-2.74%
CRRC Corp. Ltd., H Shares
  18,004   8,360
New Oriental Education & Technology Group, Inc.(a)
  5,206   39,592
PetroChina Co. Ltd., H Shares
  104,786   75,735
Vipshop Holdings Ltd., ADR(a)
  1,183   18,798
ZTE Corp., H Shares
  2,696   4,683
        147,168
Czech Republic-0.17%
Komercni banka A.S.(b)
  272   8,960
Egypt-0.91%
Commercial International Bank Egypt S.A.E.
  17,223   49,105
Greece-3.24%
Alpha Services and Holdings S.A.(a)
  9,322   16,708
Eurobank Ergasias Services and Holdings S.A.(a)
  11,882   23,065
JUMBO S.A.
  679   19,177
Motor Oil Hellas Corinth Refineries S.A.
  220   6,041
Mytilineos S.A.
  905   37,356
National Bank of Greece S.A.(a)
  3,064   23,398
OPAP S.A.
  573   9,971
Piraeus Financial Holdings S.A.(a)
  5,938   24,188
Public Power Corp. S.A.(a)
  1,062   14,120
        174,024
Hungary-0.84%
OTP Bank Nyrt.
  972   45,261
India-28.44%
ABB India Ltd.
  249   14,007
Aditya Birla Capital Ltd.(a)
  2,696   5,555
AIA Engineering Ltd.
  146   7,221
APL Apollo Tubes Ltd.
  801   14,501
Aurobindo Pharma Ltd.
  1,052   14,573
Bajaj Auto Ltd.
  236   21,790
Bank of Baroda
  4,883   14,559
Bharat Electronics Ltd.
  13,184   29,513
Bharti Airtel Ltd.
  9,414   132,713
Britannia Industries Ltd.
  366   22,911
Canara Bank
  1,468   8,521
CG Power and Industrial Solutions Ltd.
  3,546   20,007
Cholamandalam Investment and Finance Co. Ltd.
  1,764   25,154
Colgate-Palmolive (India) Ltd.
  490   15,159
Cummins India Ltd.
  683   18,866
Dr. Reddy’s Laboratories Ltd.
  536   39,509
Hindustan Aeronautics Ltd.(c)
  1,110   40,091
IDBI Bank Ltd.
  2,016   2,102
IDFC First Bank Ltd.(a)
  22,500   22,854
  Shares   Value
India-(continued)
Indian Hotels Co. Ltd. (The)
  3,509   $20,817
Indian Oil Corp. Ltd.
  16,204   28,674
Indian Railway Finance Corp. Ltd.(c)
  9,133   19,263
InterGlobe Aviation Ltd.(a)(c)
  436   15,548
ITC Ltd.
  18,043   95,936
Jindal Steel & Power Ltd.
  1,705   15,545
Larsen & Toubro Ltd.
  3,388   141,966
Lupin Ltd.
  1,014   18,381
Mahindra & Mahindra Financial Services Ltd.
  2,204   7,675
Max Healthcare Institute Ltd.
  3,028   28,470
NHPC Ltd.
  10,952   11,995
NMDC Ltd.
  4,386   11,612
NTPC Ltd.
  22,944   87,721
Oil & Natural Gas Corp. Ltd.
  17,070   51,851
Oracle Financial Services Software Ltd.
  88   6,910
Polycab India Ltd.
  336   17,573
Power Finance Corp. Ltd.
  11,951   63,789
Punjab National Bank
  11,564   15,930
REC Ltd.
  10,013   60,173
Siemens Ltd.
  373   18,597
Sun Pharmaceutical Industries Ltd.
  3,357   57,340
Supreme Industries Ltd.
  366   18,202
Syngene International Ltd.(c)
  684   6,182
Tata Communications Ltd.
  592   12,383
Tata Motors Ltd.
  6,432   68,484
Torrent Pharmaceuticals Ltd.
  360   10,973
Tube Investments of India Ltd.
  347   16,288
TVS Motor Co. Ltd.
  985   23,738
Union Bank of India Ltd.
  8,982   15,126
Varun Beverages Ltd.
  2,028   31,268
Vedanta Ltd.
  3,787   12,488
Zomato Ltd.(a)
  19,302   32,436
Zydus Lifesciences Ltd.
  1,678   15,373
        1,528,313
Indonesia-5.64%
PT Bank Central Asia Tbk
  181,450   109,813
PT Bank Mandiri (Persero) Tbk
  177,776   74,918
PT Bank Rakyat Indonesia (Persero) Tbk
  285,172   103,009
PT Indofood CBP Sukses Makmur Tbk
  7,664   5,719
PT Sumber Alfaria Trijaya Tbk
  57,692   9,688
        303,147
Malaysia-0.73%
Gamuda Bhd.
  8,150   8,701
YTL Corp. Bhd.
  34,496   17,066
YTL Power International Bhd.
  15,326   13,317
        39,084
Mexico-6.45%
CEMEX S.A.B. de C.V., Series CPO(a)(d)
  52,210   43,469
Fibra Uno Administracion S.A. de C.V.
  9,608   16,368
Fomento Economico Mexicano S.A.B. de C.V., Series CPO(e)
  9,222   125,335
Grupo Carso S.A.B. de C.V., Series A1
  2,744   25,779
Grupo Financiero Banorte S.A.B. de C.V., Class O
  9,104   92,792
Kimberly-Clark de Mexico S.A.B. de C.V., Class A(b)
  5,075   11,595
Southern Copper Corp.
  378   31,034
        346,372
Philippines-0.37%
BDO Unibank, Inc.
  7,720   19,885
See accompanying notes which are an integral part of this schedule.
Invesco S&P Emerging Markets Momentum ETF (EEMO)—(continued)
January 31, 2024
(Unaudited)
  Shares   Value
Poland-2.70%
Bank Polska Kasa Opieki S.A.
  746   $28,936
Budimex S.A.
  54   9,300
CD Projekt S.A.(b)
  268   7,048
InPost S.A.(a)
  812   12,304
Powszechna Kasa Oszczednosci Bank Polski S.A.
  3,604   46,145
Powszechny Zaklad Ubezpieczen S.A.
  1,980   24,039
Santander Bank Polska S.A.
  142   17,361
        145,133
Romania-0.23%
NEPI Rockcastle N.V.
  1,858   12,595
Russia-0.00%
Alrosa PJSC(f)
  11,439   0
Gazprom PJSC(a)(f)
  43,562   0
Severstal PAO(a)(f)
  1,045   0
        0
Saudi Arabia-1.37%
Arabian Internet & Communications Services Co.
  84   7,347
Dr Sulaiman Al Habib Medical Services Group Co.
  277   21,421
Elm Co.
  186   44,738
        73,506
South Africa-2.29%
Bid Corp. Ltd.
  1,276   31,156
Bidvest Group Ltd. (The)
  1,096   14,545
Gold Fields Ltd.
  3,610   53,919
OUTsurance Group Ltd.
  3,342   7,520
Woolworths Holdings Ltd.
  4,239   15,811
        122,951
South Korea-8.28%
Doosan Bobcat, Inc.
  256   9,763
Ecopro BM Co. Ltd.(a)
  320   51,189
Ecopro Co. Ltd.(a)
  170   63,942
Hanwha Aerospace Co. Ltd.(a)
  138   14,279
Hanwha Ocean Co. Ltd.(a)
  238   3,914
JYP Entertainment Corp.(a)
  170   9,591
Meritz Financial Group, Inc.(a)
  394   20,222
POSCO Future M Co. Ltd.(a)
  271   51,473
POSCO Holdings, Inc.
  549   175,233
Posco International Corp.(a)
  402   15,843
Samsung Engineering Co. Ltd.(a)
  804   13,434
Samsung Heavy Industries Co. Ltd.(a)
  2,890   15,829
        444,712
Taiwan-19.05%
Acer, Inc.
  12,742   18,747
Alchip Technologies Ltd.
  418   52,084
Chicony Electronics Co. Ltd.
  3,082   16,198
Chroma ATE, Inc.
  1,508   9,660
Compal Electronics, Inc.
  15,212   17,424
Delta Electronics, Inc.
  7,542   67,469
Elite Material Co. Ltd.
  2,006   29,546
Faraday Technology Corp.
  942   12,535
Gigabyte Technology Co. Ltd.
  4,298   42,431
Global Unichip Corp.
  582   28,729
Gold Circuit Electronics Ltd.
  1,422   10,404
Hotai Finance Co. Ltd.
  842   3,255
Innolux Corp.
  34,226   17,879
International Games System Co. Ltd.
  664   17,608
Inventec Corp.
  24,550   43,061
King Slide Works Co. Ltd.
  354   11,762
King Yuan Electronics Co. Ltd.
  5,526   14,830
  Shares   Value
Taiwan-(continued)
Lite-On Technology Corp.
  16,494   $57,177
Makalot Industrial Co. Ltd.
  1,520   17,483
Micro-Star International Co. Ltd.
  3,648   21,212
Novatek Microelectronics Corp.
  2,546   41,566
Powertech Technology, Inc.
  2,500   11,622
Qisda Corp.
  8,704   12,931
Quanta Computer, Inc.
  24,262   191,464
Radiant Opto-Electronics Corp.
  1,902   8,416
TA Chen Stainless Pipe
  7,144   8,468
Taishin Financial Holding Co. Ltd.
  51,850   28,410
Teco Electric and Machinery Co. Ltd.
  8,088   11,900
Tripod Technology Corp.
  2,224   13,323
Wistron Corp.
  25,246   92,355
Wiwynn Corp.
  588   41,330
Yuanta Financial Holding Co. Ltd.
  53,590   46,314
Yulon Motor Co. Ltd.
  2,920   6,484
        1,024,077
Thailand-1.43%
Bangkok Bank PCL, NVDR
  2,406   9,562
Delta Electronics Thailand PCL, NVDR
  17,642   39,160
Krung Thai Bank PCL, NVDR
  14,714   6,595
Tisco Financial Group PCL, NVDR
  1,726   4,817
TMBThanachart Bank PCL, NVDR
  229,184   11,563
WHA Corp. PCL, NVDR
  39,558   5,285
        76,982
Turkey-8.34%
AG Anadolu Grubu Holding A.S.
  535   4,038
Akbank T.A.S.
  22,264   29,011
Alarko Holding A.S.
  861   3,045
Anadolu Efes Biracilik ve Malt Sanayii A.S.
  1,207   5,601
Arcelik A.S.
  1,102   5,142
Aselsan Elektronik Sanayi Ve Ticaret A.S.
  8,978   14,971
BIM Birlesik Magazalar A.S.
  2,725   34,215
Borusan Yatirim ve Pazarlama A.S.
  54   4,645
Coca-Cola Icecek A.S.
  406   7,158
Dogus Otomotiv Servis ve Ticaret A.S.
  262   2,355
Emlak Konut Gayrimenkul Yatirim Ortakligi A.S.
  10,220   3,385
Enerjisa Enerji A.S.(c)
  2,064   3,785
Enka Insaat ve Sanayi A.S.
  6,347   7,793
Ford Otomotiv Sanayi A.S.
  608   17,673
Gubre Fabrikalari T.A.S.(a)
  373   1,790
Haci Omer Sabanci Holding A.S.
  10,434   24,964
Hektas Ticaret T.A.S.(a)
  6,103   3,584
Iskenderun Demir ve Celik A.S.(a)
  493   587
KOC Holding A.S.
  11,029   58,409
Kontrolmatik Enerji Ve Muhendislik A.S.
  738   5,898
Koza Altin Isletmeleri A.S.
  7,112   4,866
Oyak Cimento Fabrikalari A.S.(a)
  2,692   5,598
Pegasus Hava Tasimaciligi A.S.(a)
  387   9,597
Petkim Petrokimya Holding A.S.(a)
  5,136   3,676
Sasa Polyester Sanayi A.S.(a)
  6,031   7,652
TAV Havalimanlari Holding A.S.(a)
  774   3,528
Tofas Turk Otomobil Fabrikasi A.S.
  1,106   8,981
Turk Hava Yollari AO(a)
  6,129   55,091
Turk Telekomunikasyon A.S.(a)
  2,183   2,352
Turk Traktor ve Ziraat Makineleri A.S.
  220   5,864
Turkcell Iletisim Hizmetleri A.S.
  8,141   18,391
Turkiye Garanti Bankasi A.S.
  3,854   8,065
Turkiye Halk Bankasi A.S.(a)
  3,784   1,625
Turkiye Is Bankasi A.S., Class C
  21,325   18,019
Turkiye Petrol Rafinerileri A.S.
  5,794   28,642
 
See accompanying notes which are an integral part of this schedule.
Invesco S&P Emerging Markets Momentum ETF (EEMO)—(continued)
January 31, 2024
(Unaudited)
  Shares   Value
Turkey-(continued)
Turkiye Sise ve Cam Fabrikalari A.S.
  7,664   $12,452
Turkiye Vakiflar Bankasi T.A.O., Class D(a)
  4,971   2,320
Vestel Beyaz Esya Sanayi ve Ticaret A.S.
  1,363   782
Yapi ve Kredi Bankasi A.S.
  17,872   12,863
        448,413
United Arab Emirates-0.98%
Emirates NBD Bank PJSC
  8,434   40,644
Multiply Group PJSC(a)
  15,212   11,969
        52,613
Total Common Stocks & Other Equity Interests

(Cost $4,721,762)
  5,396,291
Money Market Funds-0.69%
Invesco Government & Agency Portfolio, Institutional Class, 5.24%(g)(h)

(Cost $37,184)
  37,184   37,184
TOTAL INVESTMENTS IN SECURITIES

(excluding investments purchased with cash collateral from securities on loan)-101.10%

(Cost $4,758,946)
  5,433,475
  Shares   Value
Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds-0.50%
Invesco Private Government Fund, 5.29%(g)(h)(i)
  7,756   $7,756
Invesco Private Prime Fund, 5.52%(g)(h)(i)
  18,990   19,003
Total Investments Purchased with Cash Collateral from Securities on Loan

(Cost $26,759)
  26,759
TOTAL INVESTMENTS IN SECURITIES-101.60%

(Cost $4,785,705)
  5,460,234
OTHER ASSETS LESS LIABILITIES-(1.60)%
  (85,746)
NET ASSETS-100.00%
  $5,374,488
 
Investment Abbreviations:
ADR-American Depositary Receipt
CPO-Certificates of Ordinary Participation
NVDR-Non-Voting Depositary Receipt
    
Notes to Schedule of Investments:
(a) Non-income producing security.
(b) All or a portion of this security was out on loan at January 31, 2024.
(c) Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at January 31, 2024 was $84,869, which represented 1.58% of the Fund’s Net Assets.
(d) Each CPO for Cemex S.A.B. de C.V. represents two Series A shares and one Series B share.
(e) Each CPO for Fomento Economico Mexicano, S.A.B. de C.V. represents one Series B share and four Series D shares.
(f) Security valued using significant unobservable inputs (Level 3). See Note 1.
(g) Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the three months ended January 31, 2024.
    
  Value
October 31, 2023 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation
(Depreciation) 		  Realized
Gain 		  Value
January 31, 2024 		  Dividend
Income
Investments in Affiliated Money Market Funds:                          
Invesco Government & Agency Portfolio, Institutional Class $5,499   $54,380   $(22,695)   $-   $-   $37,184   $311
Investments Purchased with Cash Collateral from Securities on Loan:                          
Invesco Private Government Fund 15,924   121,765   (129,933)   -   -   7,756   229*
Invesco Private Prime Fund 41,945   179,719   (202,688)   (1)   28   19,003   550*
Total $63,368   $355,864   $(355,316)   $(1)   $28   $63,943   $1,090
    
* Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from borrowers, if any.
    
(h) The rate shown is the 7-day SEC standardized yield as of January 31, 2024.
(i) The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return of the securities loaned.  
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments
Invesco S&P International Developed Low Volatility ETF (IDLV)
January 31, 2024
(Unaudited)
  Shares   Value
Common Stocks & Other Equity Interests-99.73%
Australia-10.90%
ANZ Group Holdings Ltd.
  156,707   $2,817,680
APA Group
  463,537   2,601,516
ASX Ltd.
  61,324   2,661,741
Brambles Ltd.
  289,828   2,804,890
Cochlear Ltd.
  12,138   2,443,095
Coles Group Ltd.
  302,022   3,176,459
Commonwealth Bank of Australia
  39,697   3,084,188
CSL Ltd.
  13,672   2,726,728
Lottery Corp. Ltd. (The)
  799,411   2,673,961
Medibank Pvt. Ltd.
  981,750   2,492,106
National Australia Bank Ltd.
  121,692   2,622,491
Orica Ltd.
  252,121   2,709,967
Seven Group Holdings Ltd.
  106,775   2,548,775
Steadfast Group Ltd.
  696,324   2,738,815
Suncorp Group Ltd.
  248,309   2,329,213
Telstra Group Ltd.
  1,353,020   3,613,433
Transurban Group
  338,588   3,023,858
Washington H Soul Pattinson & Co. Ltd.
  113,418   2,579,140
Wesfarmers Ltd.
  78,961   3,036,310
Westpac Banking Corp.
  178,002   2,845,218
Woolworths Group Ltd.
  129,361   3,079,363
        58,608,947
Belgium-1.44%
Ackermans & van Haaren N.V.(a)
  16,518   2,779,322
Anheuser-Busch InBev S.A./N.V.
  37,793   2,360,939
Groupe Bruxelles Lambert N.V.
  33,997   2,599,819
        7,740,080
Canada-16.64%
Alimentation Couche-Tard, Inc.
  40,854   2,408,950
Bank of Montreal(a)
  29,780   2,822,753
Bank of Nova Scotia (The)
  54,863   2,581,667
BCE, Inc.
  79,716   3,236,850
Canadian National Railway Co.
  21,679   2,706,204
Canadian Utilities Ltd., Class A(a)
  118,261   2,712,112
CCL Industries, Inc., Class B
  54,517   2,347,897
CGI, Inc., Class A(b)
  24,752   2,789,313
Choice Properties REIT(a)
  254,347   2,672,828
Dollarama, Inc.
  33,014   2,438,151
Emera, Inc.(a)
  68,266   2,427,542
Empire Co. Ltd., Class A
  85,835   2,238,308
Enbridge, Inc.(a)
  72,949   2,606,628
Fortis, Inc.
  64,335   2,597,380
George Weston Ltd.
  19,345   2,480,295
Great-West Lifeco, Inc.
  93,827   3,151,795
Hydro One Ltd.(c)
  88,859   2,653,699
Intact Financial Corp.
  18,395   2,894,764
Keyera Corp.
  97,101   2,363,478
Loblaw Cos. Ltd.
  29,121   2,928,338
Manulife Financial Corp.
  128,704   2,862,979
Metro, Inc.
  55,825   2,949,505
National Bank of Canada
  35,448   2,728,280
Pembina Pipeline Corp.(a)
  77,255   2,677,803
Power Corp. of Canada
  100,165   2,938,113
Restaurant Brands International, Inc.
  33,969   2,668,348
Royal Bank of Canada
  32,355   3,177,501
Sun Life Financial, Inc.
  60,669   3,164,569
TELUS Corp.
  137,766   2,482,995
Thomson Reuters Corp.
  17,215   2,571,974
TMX Group Ltd.
  126,619   3,151,141
  Shares   Value
Canada-(continued)
Toronto-Dominion Bank (The)
  42,058   $2,570,919
WSP Global, Inc.
  16,629   2,458,287
        89,461,366
China-0.46%
Wilmar International Ltd.
  999,576   2,468,366
Denmark-0.93%
Carlsberg A/S, Class B
  20,820   2,698,001
Tryg A/S
  107,613   2,314,014
        5,012,015
Finland-0.97%
Elisa OYJ
  62,406   2,864,066
Sampo OYJ
  55,900   2,355,079
        5,219,145
France-3.50%
Air Liquide S.A.
  13,929   2,627,845
Bureau Veritas S.A.
  108,046   2,898,916
Danone S.A.
  46,369   3,109,742
ENGIE S.A.
  133,545   2,148,387
Orange S.A.
  241,805   2,888,743
Safran S.A.
  13,367   2,518,043
Vinci S.A.
  20,515   2,609,061
        18,800,737
Germany-3.54%
Allianz SE
  10,081   2,713,532
Beiersdorf AG
  21,907   3,232,753
Deutsche Boerse AG
  11,787   2,365,472
Deutsche Telekom AG
  110,864   2,739,091
E.ON SE
  184,062   2,511,214
Henkel AG & Co. KGaA, Preference Shares(a)
  38,731   2,991,288
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Class R
  5,863   2,510,536
        19,063,886
Hong Kong-2.35%
CLP Holdings Ltd.
  302,456   2,404,636
HKT Trust & HKT Ltd.
  2,546,932   3,059,348
Jardine Matheson Holdings Ltd.
  56,957   2,295,367
MTR Corp. Ltd.
  635,290   2,064,200
Power Assets Holdings Ltd.
  483,919   2,835,203
        12,658,754
Italy-1.87%
Assicurazioni Generali S.p.A.
  122,873   2,761,512
Enel S.p.A.
  329,058   2,266,523
Snam S.p.A.
  482,148   2,371,989
Terna S.p.A.
  312,950   2,661,067
        10,061,091
Japan-27.87%
Activia Properties, Inc.
  994   2,733,628
Advance Residence Investment Corp.(a)
  1,054   2,343,424
AEON Co. Ltd.
  123,132   2,976,059
AEON Mall Co. Ltd.
  222,041   2,779,025
AGC, Inc.
  71,464   2,721,181
ANA Holdings, Inc.(a)(b)
  121,747   2,723,535
Asahi Kasei Corp.
  362,667   2,784,975
Bridgestone Corp.
  58,642   2,585,182
Canon, Inc.
  88,438   2,468,459
Central Japan Railway Co.
  101,972   2,576,245
Daiwa House Industry Co. Ltd.
  78,374   2,457,783
Daiwa House REIT Investment Corp.
  1,406   2,507,571
See accompanying notes which are an integral part of this schedule.
Invesco S&P International Developed Low Volatility ETF (IDLV)—(continued)
January 31, 2024
(Unaudited)
  Shares   Value
Japan-(continued)
Daiwa Office Investment Corp.
  592   $2,547,412
East Japan Railway Co.
  46,029   2,657,984
Hankyu Hanshin Holdings, Inc.
  74,422   2,305,847
Haseko Corp.
  216,321   2,851,723
Hulic Co. Ltd.(a)
  244,249   2,736,992
Japan Metropolitan Fund Investment Corp.
  3,535   2,423,171
Japan Prime Realty Investment Corp.
  1,072   2,592,454
Japan Real Estate Investment Corp.
  607   2,350,347
Japan Tobacco, Inc.
  109,207   2,909,945
Kamigumi Co. Ltd.
  105,906   2,466,974
Kao Corp.
  61,080   2,449,886
KDDI Corp.
  84,862   2,842,957
Keikyu Corp.
  276,061   2,437,193
Kewpie Corp.
  155,707   2,797,773
Kintetsu Group Holdings Co. Ltd.
  81,057   2,528,612
Kirin Holdings Co. Ltd.
  203,299   2,952,651
Kyocera Corp.
  172,788   2,579,852
Kyushu Railway Co.
  130,137   2,890,746
McDonald’s Holdings Co. (Japan) Ltd.(a)
  84,741   3,802,982
Medipal Holdings Corp.
  145,340   2,345,525
Nagoya Railroad Co. Ltd.
  156,095   2,433,128
NH Foods Ltd.
  84,036   2,907,844
Nichirei Corp.
  101,834   2,487,069
Nippon Accommodations Fund, Inc.
  603   2,532,868
Nippon Building Fund, Inc.
  573   2,340,216
Nippon Express Holdings, Inc.
  42,266   2,544,779
Nippon Telegraph & Telephone Corp.
  2,362,525   3,011,038
Nomura Real Estate Master Fund, Inc.
  2,500   2,760,390
OBIC Co. Ltd.
  14,087   2,190,990
ORIX JREIT, Inc.
  1,956   2,282,836
Rinnai Corp.
  120,884   2,777,003
SECOM Co. Ltd.
  33,388   2,448,568
Sekisui Chemical Co. Ltd.
  157,971   2,287,837
Sekisui House Ltd.(a)
  118,202   2,706,496
Sekisui House REIT, Inc.
  4,383   2,353,792
Shionogi & Co. Ltd.
  52,003   2,529,443
SHO-BOND Holdings Co. Ltd.(a)
  66,280   2,988,551
Skylark Holdings Co. Ltd.
  160,426   2,644,409
SoftBank Corp.
  319,857   4,296,489
Sohgo Security Services Co. Ltd.
  396,640   2,188,948
Takeda Pharmaceutical Co. Ltd.
  89,823   2,680,403
Toho Co. Ltd.(a)
  68,629   2,261,576
Tokyu Corp.
  200,654   2,378,198
USS Co. Ltd.
  115,732   2,217,256
Yamada Holdings Co. Ltd.
  810,383   2,497,538
        149,875,758
Netherlands-2.97%
EXOR N.V.
  23,411   2,285,159
Heineken N.V.(a)
  26,201   2,655,397
JDE Peet’s N.V.(a)
  96,759   2,402,689
Koninklijke Ahold Delhaize N.V.
  79,910   2,257,727
Koninklijke KPN N.V.(a)
  1,099,463   3,759,632
Wolters Kluwer N.V.
  17,771   2,634,963
        15,995,567
New Zealand-2.08%
Auckland International Airport Ltd.
  532,831   2,766,547
Contact Energy Ltd.
  553,480   2,749,406
Infratil Ltd.
  394,974   2,568,630
Spark New Zealand Ltd.
  946,016   3,095,032
        11,179,615
  Shares   Value
Norway-0.90%
Orkla ASA
  310,461   $2,449,461
Storebrand ASA
  266,639   2,417,871
        4,867,332
Singapore-6.25%
CapitaLand Ascendas REIT
  1,153,045   2,519,468
CapitaLand Integrated Commercial Trust
  1,728,319   2,599,559
City Developments Ltd.
  513,100   2,345,973
DBS Group Holdings Ltd.
  127,691   3,046,200
Mapletree Industrial Trust
  1,647,485   3,020,420
Oversea-Chinese Banking Corp. Ltd.
  362,740   3,498,873
Singapore Airlines Ltd.(a)
  496,768   2,483,189
Singapore Exchange Ltd.
  481,845   3,392,945
Singapore Technologies Engineering Ltd.
  1,022,166   2,853,054
Singapore Telecommunications Ltd.
  1,393,510   2,502,656
United Overseas Bank Ltd.
  142,759   3,030,698
Venture Corp. Ltd.
  229,795   2,305,946
        33,598,981
Spain-1.83%
Endesa S.A.
  108,720   2,168,264
Iberdrola S.A.
  225,935   2,742,596
Naturgy Energy Group S.A.(a)
  82,832   2,249,407
Redeia Corp. S.A.
  160,133   2,683,964
        9,844,231
Sweden-1.80%
Essity AB, Class B
  90,197   2,136,126
Industrivarden AB, Class C(a)
  77,048   2,445,140
Investor AB, Class B
  115,420   2,746,885
L E Lundbergforetagen AB, Class B
  44,824   2,362,594
        9,690,745
Switzerland-3.21%
Chocoladefabriken Lindt & Spruengli AG, PC
  235   3,013,347
Nestle S.A.
  25,431   2,921,815
Novartis AG
  24,633   2,567,104
SGS S.A.
  30,376   2,834,173
Swisscom AG
  5,292   3,184,392
Zurich Insurance Group AG
  5,342   2,734,362
        17,255,193
United Kingdom-7.16%
British American Tobacco PLC
  82,815   2,466,201
Bunzl PLC
  71,365   2,921,786
Coca-Cola Europacific Partners PLC(a)
  40,196   2,769,504
Compass Group PLC
  112,214   3,112,340
Imperial Brands PLC
  103,876   2,511,354
Intertek Group PLC
  47,252   2,703,577
London Stock Exchange Group PLC
  23,183   2,639,893
National Grid PLC
  191,388   2,571,279
Reckitt Benckiser Group PLC
  40,876   2,971,218
RELX PLC
  69,206   2,874,814
Smiths Group PLC
  135,783   2,805,512
SSE PLC
  101,056   2,168,424
Tesco PLC
  730,300   2,665,383
Unilever PLC
  67,529   3,308,222
        38,489,507
United States-3.06%
Ferrovial SE(a)
  79,476   3,056,975
GSK PLC
  127,440   2,544,684
Holcim AG(b)
  31,529   2,431,612
Qiagen N.V.(a)(b)
  57,972   2,544,390
 
See accompanying notes which are an integral part of this schedule.
Invesco S&P International Developed Low Volatility ETF (IDLV)—(continued)
January 31, 2024
(Unaudited)
  Shares   Value
United States-(continued)
Roche Holding AG
  10,036   $2,890,827
Waste Connections, Inc.
  19,059   2,977,287
        16,445,775
TOTAL INVESTMENTS IN SECURITIES

(excluding investments purchased with cash collateral from securities on loan)-99.73%

(Cost $527,912,230)
  536,337,091
Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds-7.83%
Invesco Private Government Fund, 5.29%(d)(e)(f)
  12,271,825   12,271,825
  Shares   Value
Money Market Funds-(continued)
Invesco Private Prime Fund, 5.52%(d)(e)(f)
  29,820,693   $29,841,567
Total Investments Purchased with Cash Collateral from Securities on Loan

(Cost $42,112,438)
  42,113,392
TOTAL INVESTMENTS IN SECURITIES-107.56%

(Cost $570,024,668)
  578,450,483
OTHER ASSETS LESS LIABILITIES-(7.56)%
  (40,669,685)
NET ASSETS-100.00%
  $537,780,798
 
Investment Abbreviations:
PC-Participation Certificate
REIT-Real Estate Investment Trust
    
Notes to Schedule of Investments:
(a) All or a portion of this security was out on loan at January 31, 2024.
(b) Non-income producing security.
(c) Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The value of this security at January 31, 2024 represented less than 1% of the Fund’s Net Assets.
(d) Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the three months ended January 31, 2024.
    
  Value
October 31, 2023 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation 		  Realized
Gain 		  Value
January 31, 2024 		  Dividend
Income
Investments in Affiliated Money Market Funds:                          
Invesco Government & Agency Portfolio, Institutional Class $-   $2,662,552   $(2,662,552)   $-   $-   $-   $2,458
Investments Purchased with Cash Collateral from Securities on Loan:                          
Invesco Private Government Fund 9,336,181   26,672,875   (23,737,231)   -   -   12,271,825   171,717*
Invesco Private Prime Fund 24,014,475   65,955,403   (60,150,279)   735   21,233   29,841,567   451,982*
Total $33,350,656   $95,290,830   $(86,550,062)   $735   $21,233   $42,113,392   $626,157
    
* Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from borrowers, if any.
    
(e) The rate shown is the 7-day SEC standardized yield as of January 31, 2024.
(f) The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return of the securities loaned.  
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments
Invesco S&P International Developed Momentum ETF (IDMO)
January 31, 2024
(Unaudited)
  Shares   Value
Common Stocks & Other Equity Interests-99.94%
Australia-4.59%
AGL Energy Ltd.(a)
  14,413   $82,605
BHP Group Ltd.
  91,387   2,855,647
Brambles Ltd.
  30,347   293,691
Insurance Australia Group Ltd.
  60,860   242,998
Northern Star Resources Ltd.
  22,865   198,761
Origin Energy Ltd.
  31,656   178,291
Pilbara Minerals Ltd.(a)
  62,219   146,011
Pro Medicus Ltd.
  1,149   77,140
Qantas Airways Ltd.(b)
  17,967   66,037
QBE Insurance Group Ltd.
  37,205   389,821
Seven Group Holdings Ltd.
  5,635   134,510
Suncorp Group Ltd.
  28,602   268,295
Washington H Soul Pattinson & Co. Ltd.
  6,434   146,310
WiseTech Global Ltd.
  5,050   243,663
Woodside Energy Group Ltd.
  32,922   705,342
        6,029,122
Austria-0.33%
Erste Group Bank AG
  8,326   362,217
voestalpine AG
  2,394   71,773
        433,990
Belgium-0.40%
KBC Group N.V.
  7,281   478,336
Lotus Bakeries N.V.(a)
  6   51,423
        529,759
Canada-5.60%
Constellation Software, Inc.
  405   1,126,397
Element Fleet Management Corp.
  10,182   172,844
Fairfax Financial Holdings Ltd.
  710   744,765
Great-West Lifeco, Inc.
  8,180   274,779
iA Financial Corp., Inc.
  2,298   157,208
Ivanhoe Mines Ltd., Class A(a)(b)
  13,671   144,379
Restaurant Brands International, Inc.
  11,176   877,902
Shopify, Inc., Class A(b)
  26,819   2,160,495
Stantec, Inc.
  3,162   255,672
Sun Life Financial, Inc.
  12,518   652,954
Teck Resources Ltd., Class B
  9,390   378,186
Thomson Reuters Corp.
  2,753   411,307
        7,356,888
Chile-0.12%
Antofagasta PLC
  6,891   152,252
Denmark-5.25%
Danske Bank A/S
  20,958   567,031
Novo Nordisk A/S, Class B
  56,047   6,328,546
        6,895,577
Finland-0.70%
Nordea Bank Abp
  73,520   912,494
France-7.10%
AXA S.A.
  36,990   1,252,022
BNP Paribas S.A.
  22,964   1,560,288
Cie de Saint-Gobain S.A.
  10,707   765,751
Credit Agricole S.A.
  28,447   411,348
Edenred SE
  4,349   261,810
ENGIE S.A.
  42,724   687,317
Hermes International S.C.A.
  899   1,911,868
Publicis Groupe S.A.
  6,209   627,916
Safran S.A.
  9,803   1,846,665
        9,324,985
  Shares   Value
Germany-13.86%
Allianz SE
  9,183   $2,471,814
Bayerische Motoren Werke AG
  9,231   970,430
Bayerische Motoren Werke AG, Preference Shares
  1,854   182,762
Commerzbank AG
  24,614   285,551
Deutsche Lufthansa AG(b)
  16,472   138,633
E.ON SE
  57,213   780,575
Hannover Rueck SE
  1,869   451,111
Heidelberg Materials AG
  3,850   359,156
Infineon Technologies AG
  26,954   988,013
Mercedes-Benz Group AG
  16,427   1,121,485
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Class R
  5,519   2,363,235
SAP SE
  25,911   4,525,850
Siemens AG
  18,763   3,397,158
Talanx AG
  2,329   164,569
        18,200,342
Hong Kong-0.06%
Swire Pacific Ltd., Class A
  10,083   78,035
Ireland-1.10%
AerCap Holdings N.V.(b)
  2,906   222,484
Flutter Entertainment PLC(b)
  5,855   1,214,218
        1,436,702
Israel-0.06%
Global-e Online Ltd.(b)
  2,062   77,882
Italy-5.98%
Assicurazioni Generali S.p.A.
  33,205   746,267
Banca Mediolanum S.p.A.
  5,387   55,555
Enel S.p.A.
  187,999   1,294,921
Ferrari N.V.
  3,513   1,235,239
Intesa Sanpaolo S.p.A.
  534,181   1,661,268
Leonardo S.p.A.
  7,566   133,182
Mediobanca Banca di Credito Finanziario S.p.A.
  21,590   288,461
Poste Italiane S.p.A.(c)
  11,328   123,850
UniCredit S.p.A.
  78,372   2,312,175
        7,850,918
Japan-36.48%
ABC-MART, Inc.(a)
  2,817   49,479
Advantest Corp.
  33,304   1,326,692
Ajinomoto Co., Inc.
  18,564   773,040
Alfresa Holdings Corp.
  5,144   85,373
Amada Co. Ltd.
  8,677   95,273
ANA Holdings, Inc.(b)
  4,560   102,009
ASICS Corp.
  5,626   174,313
Capcom Co. Ltd.
  5,436   209,928
Chiba Bank Ltd. (The)
  15,159   114,075
Chubu Electric Power Co., Inc.
  16,770   219,986
Concordia Financial Group Ltd.
  32,191   155,851
Dai Nippon Printing Co. Ltd.
  5,169   151,773
Daiwa Securities Group, Inc.
  33,419   243,255
Denso Corp.
  47,214   756,135
Disco Corp.
  3,860   1,066,303
Eisai Co. Ltd.
  5,948   284,755
Fukuoka Financial Group, Inc.
  4,905   122,512
GOLDWIN, Inc.
  824   56,360
Hankyu Hanshin Holdings, Inc.
  5,151   159,596
Hikari Tsushin, Inc.
  618   109,331
Hitachi Construction Machinery Co. Ltd.
  2,600   75,310
Hitachi Ltd.
  23,162   1,849,949
Honda Motor Co. Ltd.
  121,498   1,392,645
See accompanying notes which are an integral part of this schedule.
Invesco S&P International Developed Momentum ETF (IDMO)—(continued)
January 31, 2024
(Unaudited)
  Shares   Value
Japan-(continued)
Hoshizaki Corp.
  2,963   $109,338
IBIDEN Co. Ltd.
  5,587   288,342
Isetan Mitsukoshi Holdings Ltd.
  8,975   106,343
Isuzu Motors Ltd.
  12,523   174,127
ITOCHU Corp.(a)
  43,854   2,025,669
Japan Airlines Co. Ltd.
  3,374   65,633
Japan Tobacco, Inc.
  38,444   1,024,384
JFE Holdings, Inc.
  16,587   265,925
JTEKT Corp.
  5,397   50,306
Kajima Corp.
  15,558   281,412
Kamigumi Co. Ltd.
  2,138   49,803
Kansai Electric Power Co., Inc. (The)
  20,621   285,033
Kawasaki Heavy Industries Ltd.
  3,573   82,349
Keisei Electric Railway Co. Ltd.
  6,329   290,006
Komatsu Ltd.
  22,962   666,829
Kuraray Co. Ltd.
  8,393   89,112
Lawson, Inc.
  1,725   99,682
Marubeni Corp.
  73,830   1,283,660
MatsukiyoCocokara & Co.
  12,355   227,575
McDonald’s Holdings Co. (Japan) Ltd.(a)
  1,870   83,921
Medipal Holdings Corp.
  4,566   73,687
Mitsubishi Corp.
  187,665   3,293,044
Mitsubishi Electric Corp.
  73,305   1,104,778
Mitsubishi HC Capital, Inc.
  42,059   302,405
Mitsubishi Heavy Industries Ltd.
  6,891   468,687
Mitsubishi UFJ Financial Group, Inc.
  393,818   3,758,345
Mitsui & Co. Ltd.
  67,101   2,768,504
Mitsui Chemicals, Inc.
  5,489   164,248
Mizuho Financial Group, Inc.
  92,168   1,703,697
NEC Corp.
  7,874   522,509
Nichirei Corp.
  3,437   83,941
Nippon Sanso Holdings Corp.
  5,841   150,645
Nippon Steel Corp.(a)
  35,886   876,436
Nissin Foods Holdings Co. Ltd.
  4,953   161,932
Obayashi Corp.
  20,080   188,128
Oriental Land Co. Ltd.
  26,348   991,734
Otsuka Corp.
  2,893   123,379
Pan Pacific International Holdings Corp.
  10,087   221,303
Panasonic Holdings Corp.
  82,472   794,676
Pola Orbis Holdings, Inc.
  1,391   14,578
Renesas Electronics Corp.(b)
  61,315   1,036,912
Resona Holdings, Inc.
  61,209   343,323
Rohto Pharmaceutical Co. Ltd.
  5,160   107,242
Sanwa Holdings Corp.
  5,903   91,892
SCREEN Holdings Co. Ltd.
  2,770   277,995
Sega Sammy Holdings, Inc.
  2,882   43,001
Sekisui House Ltd.(a)
  15,159   347,099
Shimizu Corp.
  15,857   107,341
Shin-Etsu Chemical Co. Ltd.
  47,980   1,928,391
Shinko Electric Industries Co. Ltd.
  1,769   66,924
Shizuoka Financial Group, Inc.
  15,555   144,137
Sojitz Corp.
  9,832   235,685
Sumitomo Corp.
  49,015   1,145,108
Sumitomo Electric Industries Ltd.
  16,624   224,724
Sumitomo Forestry Co. Ltd.
  8,328   249,769
Sumitomo Mitsui Financial Group, Inc.
  53,409   2,813,404
Sumitomo Mitsui Trust Holdings, Inc.
  15,440   321,211
Sundrug Co. Ltd.
  1,460   44,527
T&D Holdings, Inc.
  14,474   244,080
Taisei Corp.
  3,905   143,858
Tobu Railway Co. Ltd.
  3,571   95,740
Tokio Marine Holdings, Inc.
  38,303   1,029,798
  Shares   Value
Japan-(continued)
Tokyo Gas Co. Ltd.
  7,170   $166,822
TOPPAN Holdings, Inc.
  9,375   262,250
Toyo Seikan Group Holdings Ltd.
  5,635   90,881
Toyota Boshoku Corp.
  2,118   35,535
Toyota Tsusho Corp.
  10,131   678,242
Tsuruha Holdings, Inc.
  962   76,999
Yamaha Motor Co. Ltd.
  36,576   352,060
Yokohama Rubber Co. Ltd. (The)
  4,332   104,288
Zensho Holdings Co. Ltd.
  3,814   189,089
        47,888,375
Netherlands-1.10%
EXOR N.V.
  2,140   208,887
ING Groep N.V.
  85,673   1,227,492
        1,436,379
Singapore-1.26%
Jardine Cycle & Carriage Ltd.
  2,055   39,997
Keppel Ltd.
  56,437   302,382
Oversea-Chinese Banking Corp. Ltd.
  95,250   918,751
Sembcorp Industries Ltd.
  39,208   166,356
Singapore Airlines Ltd.(a)
  44,197   220,927
        1,648,413
Spain-3.91%
Banco Bilbao Vizcaya Argentaria S.A.
  208,048   1,960,709
Banco Santander S.A.
  423,035   1,716,544
Industria de Diseno Textil S.A.
  33,833   1,459,387
        5,136,640
Sweden-1.25%
Saab AB, Class B
  2,063   134,334
SSAB AB, Class A
  4,187   32,881
SSAB AB, Class B(a)
  13,733   106,064
Swedbank AB, Class A(a)
  24,478   504,137
Volvo AB, Class B
  35,899   868,259
        1,645,675
Switzerland-1.10%
ABB Ltd.
  33,827   1,446,771
United Kingdom-5.93%
3i Group PLC
  30,893   975,256
BAE Systems PLC
  53,911   808,046
Centrica PLC
  160,437   282,865
HSBC Holdings PLC
  407,443   3,207,584
Informa PLC
  27,308   270,344
Melrose Industries PLC
  29,077   218,762
Rolls-Royce Holdings PLC(b)
  251,681   965,356
Sage Group PLC (The)
  24,890   373,381
Standard Chartered PLC
  40,039   305,314
Subsea 7 S.A.
  5,777   78,755
Whitbread PLC(a)
  4,255   194,850
Wise PLC, Class A(b)
  10,043   103,568
        7,784,081
United States-3.76%
CRH PLC
  20,280   1,452,430
Flex Ltd.(b)
  12,327   292,643
Holcim AG(b)
  15,175   1,170,342
Stellantis N.V.
  54,539   1,214,186
Swiss Re AG
  6,983   806,686
        4,936,287
Total Common Stocks & Other Equity Interests

(Cost $117,410,357)
  131,201,567
 
See accompanying notes which are an integral part of this schedule.
Invesco S&P International Developed Momentum ETF (IDMO)—(continued)
January 31, 2024
(Unaudited)
  Shares   Value
Money Market Funds-0.01%
Invesco Government & Agency Portfolio, Institutional Class, 5.24%(d)(e)

(Cost $12,166)
  12,166   $12,166
TOTAL INVESTMENTS IN SECURITIES

(excluding investments purchased with cash collateral from securities on loan)-99.95%

(Cost $117,422,523)
  131,213,733
Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds-2.22%
Invesco Private Government Fund, 5.29%(d)(e)(f)
  816,261   816,261
  Shares   Value
Money Market Funds-(continued)
Invesco Private Prime Fund, 5.52%(d)(e)(f)
  2,097,486   $2,098,954
Total Investments Purchased with Cash Collateral from Securities on Loan

(Cost $2,915,008)
  2,915,215
TOTAL INVESTMENTS IN SECURITIES-102.17%

(Cost $120,337,531)
  134,128,948
OTHER ASSETS LESS LIABILITIES-(2.17)%
  (2,846,823)
NET ASSETS-100.00%
  $131,282,125
 
Notes to Schedule of Investments:
(a) All or a portion of this security was out on loan at January 31, 2024.
(b) Non-income producing security.
(c) Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The value of this security at January 31, 2024 represented less than 1% of the Fund’s Net Assets.
(d) Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the three months ended January 31, 2024.
    
  Value
October 31, 2023 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation 		  Realized
Gain 		  Value
January 31, 2024 		  Dividend
Income
Investments in Affiliated Money Market Funds:                          
Invesco Government & Agency Portfolio, Institutional Class $-   $3,082,687   $(3,070,521)   $-   $-   $12,166   $1,373
Investments Purchased with Cash Collateral from Securities on Loan:                          
Invesco Private Government Fund 1,058,661   1,347,051   (1,589,451)   -   -   816,261   10,568*
Invesco Private Prime Fund 2,722,975   3,421,300   (4,046,593)   146   1,126   2,098,954   27,946*
Total $3,781,636   $7,851,038   $(8,706,565)   $146   $1,126   $2,927,381   $39,887
    
* Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from borrowers, if any.
    
(e) The rate shown is the 7-day SEC standardized yield as of January 31, 2024.
(f) The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return of the securities loaned.  
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Notes to Quarterly Schedules of Portfolio Holdings
January 31, 2024
(Unaudited)
NOTE 1—Additional Valuation Information
Generally Accepted Accounting Principles ("GAAP") defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment’s assigned level:
Level 1 — Prices are determined using quoted prices in an active market for identical assets.
Level 2 — Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others.
Level 3 — Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect Invesco Capital Management LLC’s assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.
The following is a summary of the tiered valuation input levels, as of January 31, 2024. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.
  Level 1   Level 2   Level 3   Total
Invesco S&P Emerging Markets Low Volatility ETF              
Investments in Securities              
Common Stocks & Other Equity Interests $707,178,215   $3,460,872   $678,375   $711,317,462
Money Market Funds 1,681,275   12,096,979   -   13,778,254
Total Investments $708,859,490   $15,557,851   $678,375   $725,095,716
Invesco S&P Emerging Markets Momentum ETF              
Investments in Securities              
Common Stocks & Other Equity Interests $5,396,291   $-   $0   $5,396,291
Money Market Funds 37,184   26,759   -   63,943
Total Investments $5,433,475   $26,759   $0   $5,460,234
Invesco S&P International Developed Low Volatility ETF              
Investments in Securities              
Common Stocks & Other Equity Interests $536,337,091   $-   $-   $536,337,091
Money Market Funds -   42,113,392   -   42,113,392
Total Investments $536,337,091   $42,113,392   $-   $578,450,483
Invesco S&P International Developed Momentum ETF              
Investments in Securities              
Common Stocks & Other Equity Interests $131,201,567   $-   $-   $131,201,567
Money Market Funds 12,166   2,915,215   -   2,927,381
Total Investments $131,213,733   $2,915,215   $-   $134,128,948