0001752724-24-075703.txt : 20240401 0001752724-24-075703.hdr.sgml : 20240401 20240401120854 ACCESSION NUMBER: 0001752724-24-075703 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240131 FILED AS OF DATE: 20240401 DATE AS OF CHANGE: 20240401 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: 24807156 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 S000072837 Invesco Alerian Galaxy Crypto Economy ETF C000229462 Invesco Alerian Galaxy Crypto Economy ETF SATO NPORT-P 1 primary_doc.xml NPORT-P false 0001378872 XXXXXXXX S000072837 C000229462 Invesco Exchange-Traded Fund Trust II 811-21977 0001378872 O540V2L4S174Y60FMD36 3500 Lacey Road Suite 700 Downers Grove 60515 800-983-0903 Invesco Alerian Galaxy Crypto Economy ETF S000072837 549300KJRO8T9IPVVC26 2024-10-31 2024-01-31 N 9809411.46 2521577.89 7287833.57 0.00000000 1071718.10000000 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 Block, Inc. 549300OHIIUWSTIZME52 Block, Inc., Class A 852234103 877.00000000 NS USD 57013.77000000 0.782314379882 Long EC CORP US N 1 N N N Rakuten Group, Inc. 529900IMXUCQKUL1H943 Rakuten Group, Inc. J64264104 13557.00000000 NS 60330.62000000 0.827826533365 Long EC CORP JP N 1 N N N Applied Digital Corp. N/A Applied Digital Corp. 038169207 39225.00000000 NS USD 201616.50000000 2.766480574281 Long EC CORP US N 1 N N Grayscale Bitcoin Trust BTC 549300XZGUJEF0EHBE41 Grayscale Bitcoin Trust BTC 389637109 28924.00000000 NS USD 1098822.76000000 15.07749524527 Long EC RF US N 1 N N N JPMorgan Chase & Co. 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co. 46625H100 349.00000000 NS USD 60851.64000000 0.834975708700 Long EC CORP US N 1 N N N Invesco Private Government Fund N/A Invesco Private Government Fund N/A 704416.40000000 NS USD 704416.40000000 9.665648827378 Long STIV PF US N 2 N N Coinbase Global, Inc. 5493004G3J2SC154DU06 Coinbase Global, Inc., Class A 19260Q107 2163.00000000 NS USD 277296.60000000 3.804924979921 Long EC CORP US N 1 N N N Tesla, Inc. 54930043XZGB27CTOV49 Tesla, Inc. 88160R101 262.00000000 NS USD 49069.98000000 0.673313674477 Long EC CORP US N 1 N N N Argo Blockchain PLC 213800WPCCYSDYY26J54 Argo Blockchain PLC, ADR 040126104 120619.00000000 NS USD 242444.19000000 3.326697675945 Long EC CORP GB N 1 N N Invesco Private Prime Fund N/A Invesco Private Prime Fund N/A 1811854.41090000 NS USD 1811854.41090000 24.86135822802 Long STIV PF US N 2 N N Alphabet Inc. 5493006MHB84DD0ZWV18 Alphabet Inc., Class A 02079K305 421.00000000 NS USD 58982.10000000 0.809322817727 Long EC CORP US N 1 N N N Advanced Micro Devices, Inc. R2I72C950HOYXII45366 Advanced Micro Devices, Inc. 007903107 404.00000000 NS USD 67746.76000000 0.929587089898 Long EC CORP US N 1 N N N Visa Inc. 549300JZ4OKEHW3DPJ59 Visa Inc., Class A 92826C839 226.00000000 NS USD 61756.76000000 0.847395311745 Long EC CORP US N 1 N N N Riot Platforms, Inc. 5299005LKZAJQDQZDF73 Riot Platforms, Inc. 767292105 23405.00000000 NS USD 255114.50000000 3.500553320127 Long EC CORP US N 1 N N Bakkt Holdings, Inc. N/A Bakkt Holdings, Inc. 05759B107 185060.00000000 NS USD 253532.20000000 3.478841792486 Long EC CORP US N 1 N N Hut 8 Corp. 5493006XP230HIL5DH67 Hut 8 Corp. 44812J104 27360.00000000 NS USD 204379.20000000 2.804388959173 Long EC CORP US N 1 N N Goldman Sachs Group, Inc. (The) 784F5XWPLTWKTBV3E584 Goldman Sachs Group, Inc. (The) 38141G104 157.00000000 NS USD 60289.57000000 0.827263265837 Long EC CORP US N 1 N N N Stronghold Digital Mining, Inc. N/A Stronghold Digital Mining, Inc., Class A 86337R202 47573.00000000 NS USD 233583.43000000 3.205114767734 Long EC CORP US N 1 N N NVIDIA Corp. 549300S4KLFTLO7GSQ80 NVIDIA Corp. 67066G104 109.00000000 NS USD 67064.43000000 0.920224499583 Long EC CORP US N 1 N N N PayPal Holdings, Inc. 5493005X2GO78EFZ3E94 PayPal Holdings, Inc. 70450Y103 970.00000000 NS USD 59509.50000000 0.816559536224 Long EC CORP US N 1 N N N CleanSpark, Inc. 254900VO7KBRJQDGY810 CleanSpark, Inc. 18452B209 32970.00000000 NS USD 265408.50000000 3.641802429360 Long EC CORP US N 1 N N Canaan Inc. 254900OEOGK9ALNMUN24 Canaan Inc., ADR 134748102 144376.00000000 NS USD 207179.56000000 2.842814095712 Long EC CORP KY N 1 N N Western Alliance Bancorporation 5493003VJXZ5JXT9S762 Western Alliance Bancorporation 957638109 931.00000000 NS USD 59546.76000000 0.817070799271 Long EC CORP US N 1 N N N Aker ASA 5967007LIEEXZXJ10071 Aker ASA, Class A R0114P108 961.00000000 NS 57761.46000000 0.792573807362 Long EC CORP NO N 1 N N N Iris Energy Ltd. N/A Iris Energy Ltd. Q4982L109 50915.00000000 NS USD 199586.80000000 2.738630048051 Long EC CORP AU N 1 N N Bit Digital, Inc. N/A Bit Digital, Inc. G1144A105 96602.00000000 NS USD 255029.28000000 3.499383973994 Long EC CORP KY N 1 N N Marathon Digital Holdings, Inc. 549300M8ISKPTX2W7F94 Marathon Digital Holdings, Inc. 565788106 13677.00000000 NS USD 242493.21000000 3.327370303819 Long EC CORP US N 1 N N SoFi Technologies, Inc. 549300SW81JCMVZDDY09 SoFi Technologies, Inc. 83406F102 7282.00000000 NS USD 57018.06000000 0.782373245112 Long EC CORP US N 1 N N Samsung Electronics Co., Ltd. 9884007ER46L6N7EI764 Samsung Electronics Co., Ltd. Y74718100 1073.00000000 NS 58447.61000000 0.801988813803 Long EC CORP KR N 1 N N N Bitdeer Technologies Group N/A Bitdeer Technologies Group G11448100 42473.00000000 NS USD 347853.87000000 4.773076479571 Long EC CORP KY N 1 N N Hive Digital Technologies Ltd. 5493004QCZ1QBI9FS784 Hive Digital Technologies Ltd. 433921103 75461.00000000 NS USD 239211.37000000 3.282338540011 Long EC CORP CA N 1 N N Microsoft Corp. INR2EJN1ERAN0W5ZP974 Microsoft Corp. 594918104 155.00000000 NS USD 61624.90000000 0.845585994906 Long EC CORP US N 1 N N N Meitu, Inc. 529900P2POH56W116T02 Meitu, Inc. G5966D105 135507.00000000 NS 40215.71000000 0.551819818794 Long EC CORP KY N 1 N N MicroStrategy Inc. 549300WQTWEJUEHXQX21 MicroStrategy Inc. 594972408 570.00000000 NS USD 285689.70000000 3.920090891976 Long EC CORP US N 1 N N Mawson Infrastructure Group Inc. 549300O0BJLT7G4BZ277 Mawson Infrastructure Group Inc. 57778N307 99795.00000000 NS USD 220546.95000000 3.026234722316 Long EC CORP US N 1 N N Taiwan Semiconductor Manufacturing Co. Ltd. 549300KB6NK5SBD14S87 Taiwan Semiconductor Manufacturing Co. Ltd., ADR 874039100 588.00000000 NS USD 66420.48000000 0.911388540394 Long EC CORP TW N 1 N N N Cipher Mining Inc. N/A Cipher Mining Inc. 17253J106 86962.00000000 NS USD 264364.48000000 3.627476910123 Long EC CORP US N 1 N N N Bitfarms Ltd. 254900YWMA64Y1RPNJ12 Bitfarms Ltd. 09173B107 117404.00000000 NS USD 273551.32000000 3.753534124682 Long EC CORP CA N 1 N N Tencent Holdings Ltd. 254900N4SLUMW4XUYY11 Tencent Holdings Ltd. N/A 1627.00000000 NS 56319.83000000 0.772792482965 Long EC CORP KY N 1 N N N Terawulf, Inc. N/A Terawulf, Inc. 88080T104 159104.00000000 NS USD 265703.68000000 3.645852741392 Long EC CORP US N 1 N N Micron Technology, Inc. B3DXGBC8GAIYWI2Z0172 Micron Technology, Inc. 595112103 713.00000000 NS USD 61139.75000000 0.838929009735 Long EC CORP US N 1 N N N Galaxy Digital Holdings Ltd. 254900ULFH90UKBGDV65 Galaxy Digital Holdings Ltd. G37092106 38727.00000000 NS 278847.15000000 3.826200849973 Long EC CORP KY N 1 N N Robinhood Markets, Inc. 213800FS5AO3YWIE6F63 Robinhood Markets, Inc., Class A 770700102 5080.00000000 NS USD 54559.20000000 0.748634000433 Long EC CORP US N 1 N N 2024-03-01 Invesco Exchange-Traded Fund Trust II Adrien Deberghes Adrien Deberghes Vice President XXXX NPORT-EX 2 edgar.htm
Consolidated Schedule of Investments(a)
Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC)
January 31, 2024
(Unaudited)
  Shares   Value
Common Stocks & Other Equity Interests-84.82%
Australia-3.55%
BHP Group Ltd.
  1,587   $49,590
Iris Energy Ltd.(b)(c)
  8,369   32,807
Mawson Infrastructure Group, Inc.(b)(c)
  16,463   36,383
        118,780
Canada-3.53%
Bitfarms Ltd.(b)(c)
  19,441   45,298
Hive Digital Technologies Ltd.(b)(c)
  12,450   39,466
Hut 8 Corp.(b)(c)
  4,497   33,593
        118,357
Cayman Islands-1.72%
Bitdeer Technologies Group(b)(c)
  7,029   57,567
China-6.22%
Alibaba Group Holding Ltd., ADR
  698   50,375
Bit Digital, Inc.(b)(c)
  15,995   42,227
Canaan, Inc., ADR(b)(c)
  23,730   34,053
Meitu, Inc.(b)(d)
  114,558   33,998
Tencent Holdings Ltd.
  1,376   47,631
        208,284
Japan-1.52%
Rakuten Group, Inc.(b)
  11,462   51,008
Netherlands-0.75%
Shell PLC
  800   25,257
Norway-1.46%
Aker ASA, Class A
  812   48,806
South Korea-1.48%
Samsung Electronics Co. Ltd.
  907   49,405
Switzerland-1.53%
Nestle S.A.
  447   51,357
Taiwan-1.69%
Taiwan Semiconductor Manufacturing Co. Ltd., ADR
  500   56,480
United Kingdom-1.20%
Argo Blockchain PLC, ADR(b)(c)
  19,899   39,997
United States-60.17%
Accenture PLC, Class A
  146   53,126
Advanced Micro Devices, Inc.(b)
  342   57,350
Alphabet, Inc., Class A(b)
  357   50,016
Amazon.com, Inc.(b)
  326   50,595
Applied Digital Corp.(b)(c)
  6,447   33,138
Bakkt Holdings, Inc.(b)(c)
  30,634   41,969
Bank of America Corp.
  1,525   51,865
Block, Inc., Class A(b)
  745   48,432
Cipher Mining, Inc.(b)
  14,400   43,776
Cisco Systems, Inc.
  1,000   50,180
Citigroup, Inc.
  970   54,485
CleanSpark, Inc.(b)(c)
  5,458   43,937
Coinbase Global, Inc., Class A(b)(c)
  358   45,896
Galaxy Digital Holdings Ltd., Class H(b)
  6,409   46,147
Goldman Sachs Group, Inc. (The)
  133   51,073
Honeywell International, Inc.
  251   50,767
Intel Corp.
  1,062   45,751
International Business Machines Corp.
  312   57,302
Intuit, Inc.
  83   52,400
  Shares   Value
United States-(continued)
JPMorgan Chase & Co.
  297   $51,785
Marathon Digital Holdings, Inc.(b)(c)
  2,257   40,017
Mastercard, Inc., Class A
  119   53,458
Micron Technology, Inc.
  606   51,964
Microsoft Corp.
  132   52,481
MicroStrategy, Inc., Class A(b)(c)
  95   47,615
NVIDIA Corp.
  93   57,220
Oracle Corp.
  483   53,951
PayPal Holdings, Inc.(b)
  822   50,430
QUALCOMM, Inc.
  363   53,909
Riot Platforms, Inc.(b)(c)
  3,861   42,085
Robinhood Markets, Inc., Class A(b)(c)
  4,317   46,365
Salesforce, Inc.(b)
  186   52,283
SoFi Technologies, Inc.(b)(c)
  6,187   48,444
Stronghold Digital Mining, Inc., Class A(b)(c)
  7,848   38,534
Terawulf, Inc.(b)(c)
  26,326   43,964
Tesla, Inc.(b)
  222   41,578
Texas Instruments, Inc.
  306   48,997
Verizon Communications, Inc.
  1,334   56,495
Visa, Inc., Class A
  192   52,466
Walmart, Inc.
  316   52,219
Western Alliance Bancorporation
  791   50,592
        2,015,057
Total Common Stocks & Other Equity Interests

(Cost $2,269,109)
  2,840,355
Private Fund-14.97%
United States-14.97%
Grayscale Bitcoin Trust BTC

(Cost $142,052)
  13,201   501,506
Money Market Funds-0.06%
Invesco Government & Agency Portfolio, Institutional Class, 5.24%(e)(f)

(Cost $1,916)
  1,916   1,916
TOTAL INVESTMENTS IN SECURITIES

(excluding investments purchased with cash collateral from securities on loan)-99.85%

(Cost $2,413,077)
  3,343,777
Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds-25.36%
Invesco Private Government Fund, 5.29%(e)(f)(g)
  239,711   239,711
Invesco Private Prime Fund, 5.52%(e)(f)(g)
  609,036   609,462
Total Investments Purchased with Cash Collateral from Securities on Loan

(Cost $849,157)
  849,173
TOTAL INVESTMENTS IN SECURITIES-125.21%

(Cost $3,262,234)
  4,192,950
OTHER ASSETS LESS LIABILITIES-(25.21)%
  (844,173)
NET ASSETS-100.00%
  $3,348,777
Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC)—(continued)
January 31, 2024
(Unaudited)
Investment Abbreviations:
ADR-American Depositary Receipt
    
Notes to Consolidated Schedule of Investments:
(a) The Consolidated Schedule of Investments includes the accounts of the wholly-owned subsidiary. All inter-company accounts and transactions have been eliminated in consolidations.
(b) Non-income producing security.
(c) All or a portion of this security was out on loan at January 31, 2024.
(d) 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 1.02% of the Fund’s Net Assets.
(e) 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 $-   $90,608   $(88,692)   $-   $-   $1,916   $76
Investments Purchased with Cash Collateral from Securities on Loan:                          
Invesco Private Government Fund 181,380   940,324   (881,993)   -   -   239,711   2,805*
Invesco Private Prime Fund 466,235   1,576,545   (1,433,647)   16   313   609,462   7,584*
Total $647,615   $2,607,477   $(2,404,332)   $16   $313   $851,089   $10,465
    
* 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.
    
(f) The rate shown is the 7-day SEC standardized yield as of January 31, 2024.
(g) 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.
Consolidated Schedule of Investments(a)
Invesco Alerian Galaxy Crypto Economy ETF (SATO)
January 31, 2024
(Unaudited)
  Shares   Value
Common Stocks & Other Equity Interests-84.92%
Australia-5.76%
Iris Energy Ltd.(b)(c)
  50,915   $199,587
Mawson Infrastructure Group, Inc.(b)(c)
  99,795   220,547
        420,134
Canada-9.84%
Bitfarms Ltd.(b)(c)
  117,404   273,551
Hive Digital Technologies Ltd.(b)(c)
  75,461   239,212
Hut 8 Corp.(b)(c)
  27,360   204,379
        717,142
Cayman Islands-4.77%
Bitdeer Technologies Group(b)(c)
  42,473   347,854
China-7.67%
Bit Digital, Inc.(b)(c)
  96,602   255,029
Canaan, Inc., ADR(b)(c)
  144,376   207,179
Meitu, Inc.(b)(c)(d)
  135,507   40,216
Tencent Holdings Ltd.
  1,627   56,320
        558,744
Japan-0.83%
Rakuten Group, Inc.(b)
  13,557   60,331
Norway-0.79%
Aker ASA, Class A
  961   57,761
South Korea-0.80%
Samsung Electronics Co. Ltd.
  1,073   58,448
Taiwan-0.91%
Taiwan Semiconductor Manufacturing Co. Ltd., ADR
  588   66,420
United Kingdom-3.33%
Argo Blockchain PLC, ADR(b)(c)
  120,619   242,444
United States-50.22%
Advanced Micro Devices, Inc.(b)
  404   67,747
Alphabet, Inc., Class A(b)
  421   58,982
Applied Digital Corp.(b)(c)
  39,225   201,616
Bakkt Holdings, Inc.(b)(c)
  185,060   253,532
Block, Inc., Class A(b)
  877   57,014
Cipher Mining, Inc.(b)
  86,962   264,364
CleanSpark, Inc.(b)(c)
  32,970   265,408
Coinbase Global, Inc., Class A(b)
  2,163   277,297
Galaxy Digital Holdings Ltd., Class H(b)(c)
  38,727   278,847
Goldman Sachs Group, Inc. (The)
  157   60,290
JPMorgan Chase & Co.
  349   60,852
  Shares   Value
United States-(continued)
Marathon Digital Holdings, Inc.(b)(c)
  13,677   $242,493
Micron Technology, Inc.
  713   61,140
Microsoft Corp.
  155   61,625
MicroStrategy, Inc., Class A(b)(c)
  570   285,690
NVIDIA Corp.
  109   67,064
PayPal Holdings, Inc.(b)
  970   59,510
Riot Platforms, Inc.(b)(c)
  23,405   255,114
Robinhood Markets, Inc., Class A(b)(c)
  5,080   54,559
SoFi Technologies, Inc.(b)(c)
  7,282   57,018
Stronghold Digital Mining, Inc., Class A(b)(c)
  47,573   233,583
Terawulf, Inc.(b)(c)
  159,104   265,704
Tesla, Inc.(b)
  262   49,070
Visa, Inc., Class A
  226   61,757
Western Alliance Bancorporation
  931   59,547
        3,659,823
Total Common Stocks & Other Equity Interests

(Cost $4,635,718)
  6,189,101
Private Fund-15.08%
United States-15.08%
Grayscale Bitcoin Trust BTC

(Cost $504,253)
  28,924   1,098,823
TOTAL INVESTMENTS IN SECURITIES

(excluding investments purchased with cash collateral from securities on loan)-100.00%

(Cost $5,139,971)
  7,287,924
Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds-34.53%
Invesco Private Government Fund, 5.29%(e)(f)(g)
  704,416   704,416
Invesco Private Prime Fund, 5.52%(e)(f)(g)
  1,810,587   1,811,854
Total Investments Purchased with Cash Collateral from Securities on Loan

(Cost $2,516,219)
  2,516,270
TOTAL INVESTMENTS IN SECURITIES-134.53%

(Cost $7,656,190)
  9,804,194
OTHER ASSETS LESS LIABILITIES-(34.53)%
  (2,516,360)
NET ASSETS-100.00%
  $7,287,834
Invesco Alerian Galaxy Crypto Economy ETF (SATO)—(continued)
January 31, 2024
(Unaudited)
Investment Abbreviations:
ADR-American Depositary Receipt
    
Notes to Consolidated Schedule of Investments:
(a) The Consolidated Schedule of Investments includes the accounts of the wholly-owned subsidiary. All inter-company accounts and transactions have been eliminated in consolidations.
(b) Non-income producing security.
(c) All or a portion of this security was out on loan at January 31, 2024.
(d) 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.
(e) 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 $-   $321,255   $(321,255)   $-   $-   $-   $319
Investments Purchased with Cash Collateral from Securities on Loan:                          
Invesco Private Government Fund 449,463   2,131,569   (1,876,616)   -   -   704,416   7,023*
Invesco Private Prime Fund 979,154   3,021,042   (2,189,119)   18   759   1,811,854   19,482*
Total $1,428,617   $5,473,866   $(4,386,990)   $18   $759   $2,516,270   $26,824
    
* 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.
    
(f) The rate shown is the 7-day SEC standardized yield as of January 31, 2024.
(g) 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.
Notes to Quarterly Consolidated 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 consolidated financial statements may materially differ from the value received upon actual sale of those investments.
  Level 1   Level 2   Level 3   Total
Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF              
Investments in Securities              
Common Stocks & Other Equity Interests $2,840,355   $-   $-   $2,840,355
Private Fund 501,506   -   -   501,506
Money Market Funds 1,916   849,173   -   851,089
Total Investments $3,343,777   $849,173   $-   $4,192,950
Invesco Alerian Galaxy Crypto Economy ETF              
Investments in Securities              
Common Stocks & Other Equity Interests $6,189,101   $-   $-   $6,189,101
Private Fund 1,098,823   -   -   1,098,823
Money Market Funds -   2,516,270   -   2,516,270
Total Investments $7,287,924   $2,516,270   $-   $9,804,194