NPORT-EX 2 edgar.htm
Schedule of Investments
Invesco S&P Emerging Markets Low Volatility ETF (EELV)
July 31, 2024
(Unaudited)
  Shares   Value
Common Stocks & Other Equity Interests-99.60%
Brazil-7.29%
Ambev S.A.
  875,286   $  1,793,076
Banco do Brasil S.A.
  372,700     1,750,508
Banco Santander Brasil S.A., Series CPO
  341,800     1,732,355
BB Seguridade Participacoes S.A.
  335,500     2,087,397
Caixa Seguridade Participacoes S.A.
  612,001     1,561,197
CCR S.A.
  816,700     1,788,642
Cia de Saneamento Basico do Estado de Sao Paulo SABESP, ADR
  122,600     1,913,798
Cia Paranaense de Energia, Class B, Preference Shares
  990,300     1,767,658
CPFL Energia S.A.
  294,200     1,690,437
ENGIE Brasil Energia S.A.
  250,500     1,960,040
Equatorial Energia S.A.
  339,100     1,958,025
Itau Unibanco Holding S.A., Preference Shares
  330,050     1,978,169
Itausa S.A., Preference Shares
  1,104,550     1,987,223
Klabin S.A.
  475,457     1,858,006
Raia Drogasil S.A.
  347,180     1,695,134
Telefonica Brasil S.A.
  209,850     1,800,862
TIM S.A.
  560,649     1,734,687
        31,057,214
Chile-1.62%
Banco de Chile
  15,266,998     1,813,102
Banco de Credito e Inversiones S.A.
  58,143     1,694,845
Banco Santander Chile
  35,774,167     1,775,741
Enel Americas S.A.
  17,201,812     1,604,847
        6,888,535
China-3.03%
Bank of China Ltd., H Shares
  3,531,653     1,573,240
CGN Power Co. Ltd., H Shares(a)
  3,745,971     1,529,653
China CITIC Bank Corp. Ltd., H Shares
  2,630,603     1,575,937
China Merchants Port Holdings Co. Ltd.
  1,073,817     1,580,760
Chongqing Rural Commercial Bank Co. Ltd., H Shares
  4,116,443     2,134,101
Industrial & Commercial Bank of China Ltd., H Shares
  2,837,855     1,576,586
Nongfu Spring Co. Ltd., H Shares(a)
  315,287     1,228,941
Want Want China Holdings Ltd.
  2,863,570     1,719,168
        12,918,386
Czech Republic-0.86%
CEZ A.S.(b)
  38,253     1,470,272
Komercni banka A.S.
  63,579     2,193,782
        3,664,054
Greece-1.26%
Danaos Corp.
  17,707     1,531,478
Hellenic Telecommunications Organization S.A.
  112,789     1,851,484
OPAP S.A.
  113,837     1,984,480
        5,367,442
Hungary-1.46%
MOL Hungarian Oil & Gas PLC
  276,923     2,158,042
OTP Bank Nyrt.
  35,283     1,806,410
Richter Gedeon Nyrt
  79,420     2,263,684
        6,228,136
India-1.92%
Dr. Reddy’s Laboratories Ltd., ADR(b)
  26,682     2,168,713
ICICI Bank Ltd., ADR
  74,896     2,180,223
  Shares   Value
India-(continued)
Infosys Ltd., ADR(b)
  89,835   $  1,988,048
Reliance Industries Ltd., GDR(a)
  25,443     1,834,440
        8,171,424
Indonesia-1.41%
PT Bank Central Asia Tbk
  3,456,963     2,184,520
PT Capital Financial Indonesia Tbk(c)
  5,196,500        156,598
PT Indofood Sukses Makmur Tbk
  5,227,821     1,969,275
PT Telkom Indonesia (Persero) Tbk
  9,540,981     1,689,915
        6,000,308
Kuwait-3.66%
Boubyan Bank K.S.C.P.
  1,608,762     3,116,960
Gulf Bank K.S.C.P.
  2,376,963     2,419,360
Kuwait Finance House K.S.C.P.
  1,349,271     3,254,501
Mabanee Co. K.P.S.C.
  682,019     1,872,734
Mobile Telecommunications Co. K.S.C.P.
  1,542,403     2,296,820
National Bank of Kuwait S.A.K.P.
  889,977     2,635,998
        15,596,373
Malaysia-14.28%
AMMB Holdings Bhd.
  2,595,800     2,548,059
CIMB Group Holdings Bhd.
  1,923,300     3,110,266
Gamuda Bhd.
  1,230,600     2,105,238
Genting Bhd.
  1,822,600     1,876,352
Genting Malaysia Bhd.
  3,874,800     2,192,726
Hong Leong Bank Bhd.
  902,900     3,788,859
IHH Healthcare Bhd.
  2,450,647     3,360,339
Kuala Lumpur Kepong Bhd.
  433,600     1,989,398
Malayan Banking Bhd.
  2,111,992     4,697,912
Malaysia Airports Holdings Bhd.
  936,500     2,087,226
MISC Bhd.
  1,884,200     3,604,770
Nestle Malaysia Bhd.
  106,800     2,524,427
Petronas Chemicals Group Bhd.
  1,268,700     1,601,580
Petronas Gas Bhd.
  960,400     3,804,392
PPB Group Bhd.
  757,900     2,444,679
Press Metal Aluminium Holdings Bhd.
  1,416,200     1,652,156
Public Bank Bhd.
  3,673,400     3,365,984
QL Resources Bhd.
  1,957,600     2,846,179
RHB Bank Bhd.
  3,367,000     4,184,475
Sime Darby Bhd.
  3,329,600     1,884,201
Telekom Malaysia Bhd.
  1,525,300     2,313,928
Tenaga Nasional Bhd.
  918,572     2,814,995
        60,798,141
Mexico-3.56%
America Movil S.A.B. de C.V., Class B
  2,152,425     1,797,683
Arca Continental S.A.B. de C.V.(b)
  182,989     1,800,768
Coca-Cola FEMSA S.A.B. de C.V., Series CPO
  181,945     1,651,036
El Puerto de Liverpool S.A.B. de C.V., Class C-1
  269,714     1,893,159
Fomento Economico Mexicano S.A.B. de C.V., Series CPO(d)
  147,366     1,627,390
Gruma S.A.B. de C.V., Class B
  88,730     1,658,916
Grupo Comercial Chedraui S.A. de C.V.
  248,686     1,853,415
Grupo Elektra S.A.B. de C.V.
  56,325     2,856,837
        15,139,204
Philippines-0.42%
SM Investments Corp.
  114,317     1,778,140
Poland-0.43%
Orange Polska S.A.(b)
  905,644     1,812,452
Qatar-3.52%
Commercial Bank P.S.Q.C. (The)
  1,474,808     1,692,728
See accompanying notes which are an integral part of this schedule.
Invesco S&P Emerging Markets Low Volatility ETF (EELV)—(continued)
July 31, 2024
(Unaudited)
  Shares   Value
Qatar-(continued)
Dukhan Bank
  2,005,587   $  2,063,425
Industries Qatar Q.S.C.
  479,136     1,722,573
Ooredoo Q.P.S.C.
  579,283     1,662,595
Qatar Fuel Q.S.C.
  466,198     1,887,327
Qatar International Islamic Bank Q.S.C.
  704,530     2,018,195
Qatar Islamic Bank Q.P.S.C.
  345,635     1,870,093
Qatar National Bank Q.P.S.C.
  495,600     2,081,221
        14,998,157
Romania-0.51%
NEPI Rockcastle N.V.(b)(c)
  289,722     2,193,390
Russia-0.16%
Mobile TeleSystems PJSC, ADR(c)(e)
  206,291              0
X5 Retail Group N.V., GDR(a)(c)(e)
  51,546       670,098
        670,098
Saudi Arabia-6.31%
Advanced Petrochemical Co.(c)
  200,729     2,140,025
Al Rajhi Bank
  82,145     1,874,147
Bank Al-Jazira(c)
  428,551     1,964,625
Jarir Marketing Co.
  531,706     1,839,480
Nahdi Medical Co.
  42,770     1,513,861
Rabigh Refining & Petrochemical Co.(c)
  746,656     1,404,993
SABIC Agri-Nutrients Co.
  55,054     1,725,619
Sahara International Petrochemical Co.
  207,037     1,575,444
Saudi Arabian Oil Co.(a)
  307,440     2,261,613
Saudi Basic Industries Corp.
  103,258     2,168,696
Saudi Electricity Co.
  321,175     1,462,104
Saudi Investment Bank (The)
  545,192     1,857,073
Saudi Kayan Petrochemical Co.(c)
  623,036     1,353,379
Saudi Telecom Co.
  161,255     1,654,713
Yanbu National Petrochemical Co., Class A
  190,861     2,057,711
        26,853,483
South Africa-3.98%
Aspen Pharmacare Holdings Ltd.
  133,731     1,851,522
Bid Corp. Ltd.
  69,392     1,729,188
Clicks Group Ltd.
  104,290     2,029,474
Discovery Ltd.(b)
  245,466     1,926,890
Nedbank Group Ltd.
  127,344     1,946,500
Old Mutual Ltd.(b)
  2,905,466     1,967,723
OUTsurance Group Ltd.
  747,904     1,985,777
Remgro Ltd.(b)
  222,695     1,713,740
Sanlam Ltd.
  402,099     1,802,579
        16,953,393
South Korea-4.23%
BNK Financial Group, Inc.
  310,420     2,146,503
Cheil Worldwide, Inc.
  145,587     1,877,007
Industrial Bank of Korea
  186,020     1,891,614
Korean Air Lines Co. Ltd.
  98,670     1,522,962
KT&G Corp.
  34,119     2,312,187
LG Uplus Corp.
  343,924     2,505,580
NH Investment & Securities Co. Ltd.
  199,380     2,012,989
Samsung Electronics Co. Ltd.
  29,388     1,790,923
Woori Financial Group, Inc.
  169,647     1,939,527
        17,999,292
Taiwan-22.80%
Asia Cement Corp.
  1,591,872     2,007,396
Catcher Technology Co. Ltd.
  252,615     1,636,964
Cathay Financial Holding Co. Ltd.
  1,116,198     2,118,976
Chang Hwa Commercial Bank Ltd.
  6,221,667     3,549,019
China Development Financial Holding Corp.
  4,478,768     2,193,738
  Shares   Value
Taiwan-(continued)
China Steel Corp.
  3,334,689   $  2,353,659
Chunghwa Telecom Co. Ltd.
  962,137     3,556,424
CTBC Financial Holding Co. Ltd.
  1,423,730     1,537,646
E.Sun Financial Holding Co. Ltd.
  3,071,600     2,481,015
Far Eastern New Century Corp.
  1,934,000     2,000,487
Far EasTone Telecommunications Co. Ltd.(c)
  820,810     2,152,535
First Financial Holding Co. Ltd.
  3,281,200     2,929,821
Formosa Chemicals & Fibre Corp.
  1,275,271     1,934,051
Formosa Petrochemical Corp.
  972,831     1,906,003
Formosa Plastics Corp.
  1,269,542     2,236,279
Fubon Financial Holding Co. Ltd.
  990,147     2,656,859
Highwealth Construction Corp.
  1,693,550     3,297,451
Hotai Finance Co. Ltd.
  540,900     1,703,169
Hotai Motor Co. Ltd.
  84,000     1,653,423
Hua Nan Financial Holdings Co. Ltd.
  3,122,650     2,636,250
IBF Financial Holdings Co. Ltd.
  4,820,391     2,229,082
Mega Financial Holding Co. Ltd.
  1,861,177     2,446,086
Nan Ya Plastics Corp.
  1,172,930     1,784,195
Pou Chen Corp.
  1,610,426     1,768,676
President Chain Store Corp.
  393,000     3,317,843
Shanghai Commercial & Savings Bank Ltd. (The)
  1,510,902     1,916,782
Shin Kong Financial Holding Co. Ltd.(c)
  6,504,532     2,147,069
SinoPac Financial Holdings Co. Ltd.
  3,024,470     2,447,548
Synnex Technology International Corp.
  684,021     1,479,583
TA Chen Stainless Pipe
  1,726,232     2,058,664
Taichung Commercial Bank Co. Ltd.
  5,157,424     2,792,885
Taishin Financial Holding Co. Ltd.
  5,331,036     3,292,365
Taiwan Business Bank
  4,277,537     2,440,031
Taiwan Cooperative Financial Holding Co. Ltd.
  3,917,870     3,200,329
Taiwan Fertilizer Co. Ltd.
  1,054,677     2,069,567
Taiwan High Speed Rail Corp.
  3,761,000     3,404,008
Taiwan Mobile Co. Ltd.
  1,027,800     3,298,841
TCC Group Holdings Co. Ltd.
  2,386,900     2,516,157
Uni-President Enterprises Corp.
  869,181     2,218,567
Yuanta Financial Holding Co. Ltd.
  2,123,230     2,118,708
Yulon Finance Corp.
  341,657     1,605,902
        97,094,053
Thailand-11.36%
Advanced Info Service PCL, NVDR
  406,699     2,669,871
Airports of Thailand PCL, NVDR
  1,209,576     1,917,269
Bangkok Bank PCL, NVDR
  614,295     2,361,016
Bangkok Chain Hospital PCL, NVDR
  3,714,031     1,792,154
Bangkok Dusit Medical Services PCL, NVDR
  2,473,267     1,821,385
Bangkok Expressway & Metro PCL, NVDR
  8,497,025     1,859,357
Central Pattana PCL, NVDR
  1,098,062     1,702,004
CP ALL PCL, NVDR
  1,173,030     1,916,931
Gulf Energy Development PCL, NVDR
  1,463,145     1,960,027
Home Product Center PCL, NVDR
  6,945,030     1,773,033
Intouch Holdings PCL, NVDR
  1,054,254     2,432,666
Kasikornbank PCL, NVDR
  630,091     2,324,505
Kiatnakin Phatra Bank PCL, NVDR
  1,323,108     1,429,083
Kiatnakin Phatra Bank PCL, Wts., expiring 03/17/2026(c)
  191,544          4,514
Krung Thai Bank PCL, NVDR
  3,721,530     1,889,738
Land & Houses PCL, NVDR
  11,661,773     1,881,195
PTT Exploration & Production PCL, NVDR
  411,064     1,695,228
PTT Oil & Retail Business PCL, NVDR
  3,988,947     1,768,140
PTT PCL, NVDR
  2,493,683     2,238,683
SCB X PCL, NVDR
  663,338     1,916,785
Siam Cement PCL (The), NVDR
  354,761     2,199,528
 
See accompanying notes which are an integral part of this schedule.
Invesco S&P Emerging Markets Low Volatility ETF (EELV)—(continued)
July 31, 2024
(Unaudited)
  Shares   Value
Thailand-(continued)
Thai Beverage PCL(b)
  4,887,486   $  1,845,231
Thai Union Group PCL, NVDR
  4,255,033     1,730,901
Tisco Financial Group PCL, NVDR
  1,381,995     3,586,325
TMBThanachart Bank PCL, NVDR
  35,148,458     1,666,458
        48,382,027
United Arab Emirates-5.53%
Abu Dhabi Commercial Bank PJSC
  974,995     2,359,844
Abu Dhabi Islamic Bank PJSC
  584,233     1,950,094
Abu Dhabi National Oil Co. for Distribution PJSC
  2,075,418     2,017,218
ADNOC Gas PLC
  2,795,448     2,374,571
Borouge PLC
  4,242,577     2,818,374
Dubai Electricity and Water Authority PJSC
  3,630,217     2,352,278
Dubai Islamic Bank PJSC
  1,368,077     2,178,941
Emirates NBD Bank PJSC
  357,790     1,860,547
Emirates Telecommunications Group Co. PJSC
  405,379     1,807,816
Fertiglobe PLC
  2,419,100     1,633,370
First Abu Dhabi Bank PJSC
  619,431     2,199,123
        23,552,176
TOTAL INVESTMENTS IN SECURITIES

(excluding investments purchased with cash collateral from securities on loan)-99.60%

(Cost $408,405,809)
  424,115,878
  Shares   Value
Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds-2.31%
Invesco Private Government Fund, 5.30%(f)(g)(h)
  2,712,136   $  2,712,136
Invesco Private Prime Fund, 5.48%(f)(g)(h)
  7,122,557     7,124,694
Total Investments Purchased with Cash Collateral from Securities on Loan

(Cost $9,836,734)
  9,836,830
TOTAL INVESTMENTS IN SECURITIES-101.91%

(Cost $418,242,543)
  433,952,708
OTHER ASSETS LESS LIABILITIES-(1.91)%
  (8,140,178)
NET ASSETS-100.00%
  $425,812,530
 
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 July 31, 2024 was $7,524,745, which represented 1.77% of the Fund’s Net Assets.
(b) All or a portion of this security was out on loan at July 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 nine months ended July 31, 2024.
    
  Value
October 31, 2023 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation 		  Realized
Gain 		  Value
July 31, 2024 		  Dividend
Income
Investments in Affiliated Money Market Funds:                          
Invesco Government & Agency Portfolio, Institutional Class $-   $27,469,733   $(27,469,733)   $-   $-   $-   $30,003
Investments Purchased with Cash Collateral from Securities on Loan:                          
Invesco Private Government Fund 4,448,834   36,784,531   (38,521,229)   -   -   2,712,136   138,725*
Invesco Private Prime Fund 11,443,704   85,049,504   (89,372,256)   175   3,567   7,124,694   366,662*
Total $15,892,538   $149,303,768   $(155,363,218)   $175   $3,567   $9,836,830   $535,390
    
* 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.
    
See accompanying notes which are an integral part of this schedule.
Invesco S&P Emerging Markets Low Volatility ETF (EELV)—(continued)
July 31, 2024
(Unaudited)
(g) The rate shown is the 7-day SEC standardized yield as of July 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)
July 31, 2024
(Unaudited)
  Shares   Value
Common Stocks & Other Equity Interests-100.27%
Brazil-7.42%
Banco BTG Pactual S.A., Series CPO
  6,117   $   35,288
Banco do Brasil S.A.
  16,159       75,896
Caixa Seguridade Participacoes S.A.
  4,473       11,410
NU Holdings Ltd., Class A(a)
  12,563     152,389
Petroleo Brasileiro S.A.
  22,266     159,922
Petroleo Brasileiro S.A., Preference Shares
  33,406     221,082
TIM S.A.
  4,957       15,337
Ultrapar Participacoes S.A.
  6,251      24,561
        695,885
Chile-0.37%
Banco Santander Chile
  293,694       14,578
Enel Chile S.A.
  139,107        7,921
LATAM Airlines Group S.A.(a)
  955,428      11,791
        34,290
China-0.93%
Jinan Acetate Chemical Co. Ltd.
  353        9,257
PetroChina Co. Ltd., H Shares
  89,422      77,953
        87,210
Egypt-0.43%
Commercial International Bank Egypt S.A.E.
  23,668      40,562
Greece-0.98%
JUMBO S.A.
  671       17,978
Metlen Energy & Metals S.A.
  575       22,698
National Bank of Greece S.A.
  2,395       21,018
Piraeus Financial Holdings S.A.
  3,783       15,965
Public Power Corp. S.A.
  1,126      14,341
        92,000
Hungary-0.67%
OTP Bank Nyrt.
  1,219      62,410
India-55.36%
ABB India Ltd.
  306       28,860
Adani Ports & Special Economic Zone Ltd.
  3,865       72,468
Adani Power Ltd.(a)
  5,089       44,640
AIA Engineering Ltd.
  194       10,708
Alkem Laboratories Ltd.
  235       14,902
Apollo Hospitals Enterprise Ltd.
  562       44,403
Aurobindo Pharma Ltd.
  3,075       52,670
Bajaj Auto Ltd.
  678       78,257
Bank of Baroda
  4,832       14,638
Bank of Maharashtra
  5,472        4,375
Bharat Electronics Ltd.
  29,659     111,953
Bharat Heavy Electricals Ltd.
  12,386       46,635
Bharat Petroleum Corp. Ltd.
  10,582       44,241
Bharti Airtel Ltd.
  17,153     305,565
Bosch Ltd.
  48       20,052
Canara Bank
  10,041       13,756
Central Bank of India Ltd.(a)
  3,249        2,467
CG Power and Industrial Solutions Ltd.
  2,837       24,938
Cholamandalam Investment and Finance Co. Ltd.
  2,346       39,692
Coal India Ltd.
  18,814     117,339
Colgate-Palmolive (India) Ltd.
  1,145       46,661
Cummins India Ltd.
  814       37,452
Dixon Technologies India Ltd.(b)
  273       39,473
DLF Ltd.
  5,913       62,793
Dr. Reddy’s Laboratories Ltd.
  654       52,728
Fertilisers and Chemicals Travancore Ltd. (The)
  441        5,412
GAIL (India) Ltd.
  19,681       56,642
General Insurance Corp. of India(b)
  1,319       6,773
  Shares   Value
India-(continued)
GlaxoSmithKline Pharmaceuticals Ltd.
  343   $   11,186
GMR Airports Infrastructure Ltd.(a)
  16,096       19,557
Godrej Properties Ltd.(a)
  821       31,569
Grasim Industries Ltd.
  2,001       66,360
HCL Technologies Ltd.
  5,672     111,274
HDFC Asset Management Co. Ltd.(b)
  716       35,183
Hero MotoCorp Ltd.
  908       59,520
Hindustan Aeronautics Ltd.(b)
  1,807     106,243
Hindustan Petroleum Corp. Ltd.
  5,957       27,907
IDBI Bank Ltd.
  2,507        3,104
IDFC First Bank Ltd.(a)
  15,431       14,005
Indian Hotels Co. Ltd. (The)
  5,308       40,703
Indian Oil Corp. Ltd.
  32,392       70,282
Indian Railway Finance Corp. Ltd.(b)
  20,001       46,259
InterGlobe Aviation Ltd.(a)(b)
  540       28,843
ITC Ltd.
  13,450       79,572
Jindal Stainless Ltd.
  2,550       22,552
JSW Energy Ltd.
  2,408       20,937
KPIT Technologies Ltd.
  1,003       22,073
L&T Finance Ltd.
  6,034       12,964
L&T Technology Services Ltd.(b)
  173       10,777
Larsen & Toubro Ltd.
  4,962     226,088
Linde India Ltd.
  109       10,626
Lupin Ltd.
  2,098       47,905
Macrotech Developers Ltd.(b)
  1,327       20,743
MakeMyTrip Ltd.(a)(c)
  356       33,318
Max Healthcare Institute Ltd.
  4,036       44,455
Mazagon Dock Shipbuilders Ltd.
  252       15,781
MRF Ltd.
  17       28,882
Nestle India Ltd.
  1,751       51,369
NHPC Ltd.
  20,394       25,585
NMDC Ltd.
  7,705       22,234
NTPC Ltd.
  42,225     209,792
Oberoi Realty Ltd.
  624       13,880
Oil & Natural Gas Corp. Ltd.
  30,415     121,400
Oil India Ltd.
  3,629       25,032
Oracle Financial Services Software Ltd.
  172       22,689
PB Fintech Ltd.(a)
  2,459       42,673
Persistent Systems Ltd.
  682       39,361
Phoenix Mills Ltd. (The)
  535       22,985
Poonawalla Fincorp Ltd.
  1,502        6,620
Power Finance Corp. Ltd.
  15,876     105,576
Power Grid Corp. of India Ltd.
  32,734     136,130
Punjab National Bank
  17,091       25,301
Rail Vikas Nigam Ltd.(b)
  5,989       43,024
REC Ltd.
  13,531     104,114
Shriram Finance Ltd.
  1,968       68,914
Siemens Ltd.
  407       34,673
Solar Industries India Ltd.
  120       15,455
Sun Pharmaceutical Industries Ltd.
  6,011     123,434
Sundaram Finance Ltd.
  399       20,611
Supreme Industries Ltd.
  313       20,016
Suzlon Energy Ltd.(a)
  109,991       91,142
Tata Communications Ltd.
  493       11,722
Tata Consumer Products Ltd.
  4,149       58,916
Tata Consumer Products Ltd., Rts., expiring 08/19/2024(a)
  159          704
Tata Motors Ltd.
  15,913     219,826
Tata Power Co. Ltd. (The)
  12,001       65,015
Thermax Ltd.
  200       12,115
Titan Co. Ltd.
  2,914     120,381
Torrent Pharmaceuticals Ltd.
  657      24,888
See accompanying notes which are an integral part of this schedule.
Invesco S&P Emerging Markets Momentum ETF (EEMO)—(continued)
July 31, 2024
(Unaudited)
  Shares   Value
India-(continued)
Torrent Power Ltd.
  1,418   $   31,610
Trent Ltd.
  1,983     138,289
TVS Motor Co. Ltd.
  2,083       62,966
UltraTech Cement Ltd.
  663       94,128
Union Bank of India Ltd.
  8,556       13,775
United Spirits Ltd.
  1,501       25,336
Varun Beverages Ltd.
  4,109       77,411
Zomato Ltd.(a)
  53,373     146,263
Zydus Lifesciences Ltd.
  1,933      28,793
        5,193,309
Indonesia-2.10%
PT Bank Mandiri (Persero) Tbk
  214,446       84,407
PT Bank Rakyat Indonesia (Persero) Tbk
  302,884       86,991
PT Bank Syariah Indonesia Tbk
  22,757        3,639
PT Chandra Asri Petrochemical Tbk
  36,300      21,543
        196,580
Malaysia-0.99%
IJM Corp. Bhd.
  12,041        9,173
Sunway Bhd.
  14,624       13,655
YTL Corp. Bhd.
  55,435       41,143
YTL Power International Bhd.
  28,542      28,949
        92,920
Mexico-1.33%
Fomento Economico Mexicano S.A.B. de C.V., Series CPO(d)
  9,662     106,699
Grupo Carso S.A.B. de C.V., Series A1
  2,864      18,417
        125,116
Poland-2.24%
Alior Bank S.A.
  543       12,980
Bank Polska Kasa Opieki S.A.
  975       39,408
Budimex S.A.
  115       18,474
InPost S.A.(a)
  1,000       17,292
Powszechna Kasa Oszczednosci Bank Polski S.A.
  4,463       66,307
Powszechny Zaklad Ubezpieczen S.A.
  2,428       29,686
Santander Bank Polska S.A.
  197      25,913
        210,060
Romania-0.21%
NEPI Rockcastle N.V.(a)
  2,587      19,585
Russia-0.00%
Alrosa PJSC(e)
  11,439            0
Gazprom PJSC(a)(e)
  43,562            0
Severstal PAO(e)
  1,045           0
        0
Saudi Arabia-1.13%
Company for Cooperative Insurance (The)
  378       14,508
Elm Co.
  227       55,300
Etihad Etisalat Co.
  1,835       25,432
Saudi Aramco Base Oil Co.
  297      10,291
        105,531
South Korea-3.57%
Ecopro Co. Ltd.(a)
  671       44,985
Hanmi Semiconductor Co. Ltd.
  486       46,314
Hanwha Aerospace Co. Ltd.
  147       30,751
HLB, Inc.(a)
  599       35,155
Hyundai Motor Co., First Pfd.
  111       13,367
Hyundai Motor Co., Preference Shares
  15        1,771
Kia Corp.
  1,253     102,024
Kum Yang Co. Ltd.(a)
  162       7,943
  Shares   Value
South Korea-(continued)
Meritz Financial Group, Inc.
  542   $   33,227
Posco DX Co. Ltd.
  569       11,944
Posco International Corp.
  195       7,507
        334,988
Taiwan-16.89%
Accton Technology Corp.
  3,203       49,404
Acer, Inc.
  18,331       24,454
Alchip Technologies Ltd.
  859       68,469
Asia Vital Components Co. Ltd.
  3,521       68,128
ASMedia Technology, Inc.
  155        7,851
Asustek Computer, Inc.
  3,577       49,623
Bora Pharmaceuticals Co. Ltd.
  322        8,033
Chicony Electronics Co. Ltd.
  5,968       28,233
Compal Electronics, Inc.(a)
  20,411       19,529
Compeq Manufacturing Co. Ltd.
  5,377       12,710
Elite Material Co. Ltd.
  2,358       31,421
Evergreen Marine Corp. Taiwan Ltd.
  5,601       29,053
Faraday Technology Corp.
  1,347       12,150
Gigabyte Technology Co. Ltd.
  3,594       28,319
Global Unichip Corp.
  399       13,960
Gold Circuit Electronics Ltd.
  2,396       16,000
International Games System Co. Ltd.
  1,652       37,543
Inventec Corp.
  18,159       26,352
Jentech Precision Industrial Co. Ltd.
  491       17,328
King Slide Works Co. Ltd.
  484       16,271
King Yuan Electronics Co. Ltd.
  8,541       27,283
Lite-On Technology Corp.
  10,173       30,671
Makalot Industrial Co. Ltd.
  1,247       16,958
MediaTek, Inc.
  8,108     300,936
Novatek Microelectronics Corp.
  2,877       45,776
Powertech Technology, Inc.
  5,312       26,423
Qisda Corp.
  8,612        9,144
Quanta Computer, Inc.
  28,402     235,459
Radiant Opto-Electronics Corp.
  2,665       14,432
Sanyang Motor Co. Ltd.
  3,534        8,225
Simplo Technology Co. Ltd.
  1,050       11,500
Taichung Commercial Bank Co. Ltd.
  23,308       12,622
Teco Electric and Machinery Co. Ltd.
  7,341       10,854
Tripod Technology Corp.
  2,700       16,305
Wistron Corp.
  28,786       84,773
Wiwynn Corp.
  824       50,889
WPG Holdings Ltd.
  15,769       41,210
WT Microelectronics Co. Ltd.
  4,149       13,127
Yuanta Financial Holding Co. Ltd.
  63,291      63,156
        1,584,574
Turkey-4.78%
AG Anadolu Grubu Holding A.S.
  846       10,891
Akbank T.A.S.
  20,085       37,549
Akcansa Cimento Sanayi ve Ticaret A.S.
  328        1,480
Anadolu Efes Biracilik ve Malt Sanayii A.S.
  1,549       12,491
Aselsan Elektronik Sanayi Ve Ticaret A.S.
  5,171        9,761
Astor Transformator Enerji Turizm Insaat Ve Petrol Sanayi Ticaret A.S.
  2,078        5,827
BIM Birlesik Magazalar A.S.
  4,594       86,787
Borusan Birlesik Boru Fabrikalari Sanayi Ve Ticaret A.S.(a)
  421        5,337
Borusan Yatirim ve Pazarlama A.S.
  41        2,621
Coca-Cola Icecek A.S.
  737       18,831
Dogus Otomotiv Servis ve Ticaret A.S.
  155        1,126
Enerjisa Enerji A.S.(b)
  1,036        2,114
Enka Insaat ve Sanayi A.S.
  1            1
 
See accompanying notes which are an integral part of this schedule.
Invesco S&P Emerging Markets Momentum ETF (EEMO)—(continued)
July 31, 2024
(Unaudited)
  Shares   Value
Turkey-(continued)
Europower Enerji VE Otomasyon Teknolojileri Sanayi Ticaret A.S.(a)
  410   $    1,217
Ford Otomotiv Sanayi A.S.
  350       10,507
Haci Omer Sabanci Holding A.S.
  7,382       22,150
Is Yatirim Menkul Degerler A.S.
  3,321        3,751
KOC Holding A.S.
  7,454       48,425
Migros Ticaret A.S.
  887       14,131
Otokar Otomotiv ve Savunma Sanayi A.S.
  242        4,462
Oyak Cimento Fabrikalari A.S.(a)
  2,301        5,507
Sasa Polyester Sanayi A.S.(a)
  1            1
Sok Marketler Ticaret A.S.
  2,148        3,879
Turk Hava Yollari AO(a)
  3,648       31,869
Turk Traktor ve Ziraat Makineleri A.S.
  197        4,617
Turkcell Iletisim Hizmetleri A.S.
  5,920       18,881
Turkiye Garanti Bankasi A.S.
  4,389       16,411
Turkiye Is Bankasi A.S., Class C
  55,796       25,277
Turkiye Petrol Rafinerileri A.S.
  4,262       21,020
Turkiye Sigorta A.S.
  2,439        4,435
Yapi ve Kredi Bankasi A.S.
  19,174      17,489
        448,845
United Arab Emirates-0.87%
Emaar Development PJSC
  4,316        9,976
Emirates NBD Bank PJSC
  12,236       63,629
Salik Co. PJSC
  9,130       8,377
        81,982
Total Common Stocks & Other Equity Interests

(Cost $8,001,765)
  9,405,847
  Shares   Value
Money Market Funds-1.40%
Invesco Government & Agency Portfolio, Institutional Class, 5.22%(f)(g)

(Cost $131,943)
  131,943   $  131,943
TOTAL INVESTMENTS IN SECURITIES

(excluding investments purchased with cash collateral from securities on loan)-101.67%

(Cost $8,133,708)
  9,537,790
Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds-0.36%
Invesco Private Government Fund, 5.30%(f)(g)(h)
  9,388        9,388
Invesco Private Prime Fund, 5.48%(f)(g)(h)
  24,133      24,140
Total Investments Purchased with Cash Collateral from Securities on Loan

(Cost $33,528)
  33,528
TOTAL INVESTMENTS IN SECURITIES-102.03%

(Cost $8,167,236)
  9,571,318
OTHER ASSETS LESS LIABILITIES-(2.03)%
  (190,519)
NET ASSETS-100.00%
  $9,380,799
 
Investment Abbreviations:
CPO-Certificates of Ordinary Participation
Pfd.-Preferred
Rts.-Rights
    
Notes to Schedule of Investments:
(a) Non-income producing security.
(b) 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 July 31, 2024 was $339,432, which represented 3.62% of the Fund’s Net Assets.
(c) All or a portion of this security was out on loan at July 31, 2024.
(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 nine months ended July 31, 2024.
    
  Value
October 31, 2023 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation
(Depreciation) 		  Realized
Gain 		  Value
July 31, 2024 		  Dividend
Income
Investments in Affiliated Money Market Funds:                          
Invesco Government & Agency Portfolio, Institutional Class $5,499   $897,149   $(770,705)   $-   $-   $131,943   $2,533
See accompanying notes which are an integral part of this schedule.
Invesco S&P Emerging Markets Momentum ETF (EEMO)—(continued)
July 31, 2024
(Unaudited)
  Value
October 31, 2023 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation
(Depreciation) 		  Realized
Gain 		  Value
July 31, 2024 		  Dividend
Income
Investments Purchased with Cash Collateral from Securities on Loan:                          
Invesco Private Government Fund $15,924   $498,807   $(505,343)   $-   $-   $9,388   $701*
Invesco Private Prime Fund 41,945   1,264,071   (1,281,899)   (1)   24   24,140   1,833*
Total $63,368   $2,660,027   $(2,557,947)   $(1)   $24   $165,471   $5,067
    
* 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 July 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 International Developed Low Volatility ETF (IDLV)
July 31, 2024
(Unaudited)
  Shares   Value
Common Stocks & Other Equity Interests-99.68%
Australia-10.84%
ANZ Group Holdings Ltd.
  108,108   $  2,050,772
APA Group
  351,815     1,817,206
ASX Ltd.
  40,229     1,706,732
Aurizon Holdings Ltd.
  771,631     1,874,416
Bendigo & Adelaide Bank Ltd.
  232,607     1,897,136
Coles Group Ltd.
  174,892     2,067,102
Commonwealth Bank of Australia
  25,445     2,284,478
Computershare Ltd.
  95,115     1,717,345
CSL Ltd.
  9,008     1,821,843
Lottery Corp. Ltd. (The)
  528,436     1,714,992
Macquarie Group Ltd.
  13,412     1,837,437
National Australia Bank Ltd.
  88,846     2,238,275
Orica Ltd.
  162,299     1,903,424
Origin Energy Ltd.
  262,041     1,794,974
Steadfast Group Ltd.
  532,808     2,258,025
Suncorp Group Ltd.
  167,312     1,945,827
Telstra Group Ltd.
  959,703     2,469,144
Transurban Group
  236,950     2,013,017
Washington H Soul Pattinson & Co. Ltd.(a)
  82,608     1,914,978
Wesfarmers Ltd.
  42,214     2,030,218
Westpac Banking Corp.
  101,040     1,966,178
Woolworths Group Ltd.
  91,711     2,066,112
        43,389,631
Austria-1.56%
CA Immobilien Anlagen AG(a)
  65,869     2,152,562
Erste Group Bank AG
  35,960     1,870,905
EVN AG(a)
  67,652     2,210,829
        6,234,296
Belgium-2.04%
Ackermans & van Haaren N.V.
  11,832     2,271,326
Ageas S.A./N.V.
  36,372     1,737,269
Anheuser-Busch InBev S.A./N.V.
  29,252     1,739,682
Groupe Bruxelles Lambert N.V.
  32,158     2,401,075
        8,149,352
Canada-17.47%
AltaGas Ltd.
  81,199     1,934,975
Bank of Montreal(a)
  20,751     1,749,216
Bank of Nova Scotia (The)(a)
  39,413     1,839,340
BCE, Inc.(a)
  58,730     1,979,845
Canadian Imperial Bank of Commerce
  35,907     1,855,847
Canadian National Railway Co.
  16,061     1,858,214
Canadian Pacific Kansas City Ltd.
  22,635     1,897,050
Canadian Utilities Ltd., Class A
  84,857     1,985,904
CGI, Inc., Class A(b)
  18,543     2,113,160
Choice Properties REIT
  190,051     1,906,770
Emera, Inc.(a)
  52,173     1,882,299
Enbridge, Inc.(a)
  56,021     2,095,338
FirstService Corp.
  11,738     2,045,451
Fortis, Inc.
  52,904     2,210,445
George Weston Ltd.
  12,226     1,892,333
Great-West Lifeco, Inc.
  77,120     2,315,079
Hydro One Ltd.(c)
  68,457     2,144,221
Intact Financial Corp.
  11,790     2,141,309
Keyera Corp.
  69,737     1,966,236
Loblaw Cos. Ltd.
  16,612     2,047,264
Manulife Financial Corp.
  66,975     1,783,156
Metro, Inc.
  37,738     2,246,059
National Bank of Canada
  23,967     2,003,481
Pembina Pipeline Corp.(a)
  62,135     2,406,778
  Shares   Value
Canada-(continued)
Power Corp. of Canada
  69,008   $  1,996,134
Rogers Communications, Inc., Class B
  44,239     1,709,740
Royal Bank of Canada(a)
  20,781     2,320,817
Sun Life Financial, Inc.
  44,421     2,203,927
TC Energy Corp.
  43,637     1,851,678
TELUS Corp.
  113,507     1,831,461
Thomson Reuters Corp.
  10,302     1,668,589
TMX Group Ltd.
  72,443     2,200,375
Toromont Industries Ltd.
  20,944     1,946,657
Toronto-Dominion Bank (The)
  34,674     2,046,380
WSP Global, Inc.
  11,107     1,843,917
        69,919,445
Denmark-0.89%
Carlsberg A/S, Class B
  13,531     1,635,281
Tryg A/S
  87,521     1,916,454
        3,551,735
Finland-1.40%
Elisa OYJ
  39,652     1,845,878
Nordea Bank Abp
  149,077     1,746,344
Sampo OYJ
  45,790     2,005,264
        5,597,486
France-8.63%
Air Liquide S.A.
  10,075     1,840,067
Airbus SE
  10,860     1,644,756
AXA S.A.
  56,117     1,972,931
Bollore SE
  282,138     1,758,538
Bureau Veritas S.A.
  55,632     1,745,783
Cie Generale des Etablissements Michelin S.C.A.
  45,937     1,819,330
Credit Agricole S.A.
  119,662     1,816,693
Danone S.A.
  38,221     2,488,156
ENGIE S.A.
  135,349     2,129,546
EssilorLuxottica S.A.
  8,200     1,878,462
Legrand S.A.
  16,654     1,799,968
Orange S.A.(b)
  231,991     2,573,135
Publicis Groupe S.A.
  15,371     1,607,077
Safran S.A.
  8,316     1,827,646
Sodexo S.A.
  21,049     1,994,138
TotalEnergies SE
  24,405     1,650,013
Veolia Environnement S.A.
  56,174     1,765,223
Vinci S.A.
  19,636     2,243,802
        34,555,264
Germany-3.48%
Allianz SE
  7,432     2,097,398
Beiersdorf AG
  14,108     2,048,734
Deutsche Boerse AG
  10,192     2,088,849
Deutsche Telekom AG
  79,209     2,071,662
E.ON SE
  138,940     1,949,250
Henkel AG & Co. KGaA, Preference Shares(a)
  22,047     1,887,094
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Class R
  3,614     1,781,720
        13,924,707
Hong Kong-0.49%
HKT Trust & HKT Ltd.
  1,606,292     1,945,151
Ireland-0.48%
Kerry Group PLC, Class A
  20,745     1,939,523
Israel-0.51%
Check Point Software Technologies Ltd.(b)
  11,167     2,048,586
See accompanying notes which are an integral part of this schedule.
Invesco S&P International Developed Low Volatility ETF (IDLV)—(continued)
July 31, 2024
(Unaudited)
  Shares   Value
Italy-4.39%
Assicurazioni Generali S.p.A.
  90,790   $  2,350,977
Banca Mediolanum S.p.A.
  153,301     1,809,828
Enel S.p.A.
  262,115     1,870,288
Eni S.p.A.
  120,015     1,921,791
Infrastrutture Wireless Italiane S.p.A.(a)(c)
  179,722     1,999,226
Mediobanca Banca di Credito Finanziario S.p.A.
  108,842     1,766,081
Poste Italiane S.p.A.(c)
  145,320     1,967,995
Snam S.p.A.
  405,404     1,937,685
Terna S.p.A.(a)
  234,758     1,953,504
        17,577,375
Japan-17.88%
Activia Properties, Inc.
  871     2,046,381
Advance Residence Investment Corp.(a)
  841     1,760,700
AEON Co. Ltd.(a)
  79,756     1,820,828
AEON Mall Co. Ltd.(a)
  157,711     2,163,993
ANA Holdings, Inc.
  103,395     1,976,710
Bridgestone Corp.(a)
  39,560     1,626,204
Central Japan Railway Co.
  80,332     1,892,709
Daiwa House REIT Investment Corp.(a)
  1,204     1,937,315
Daiwa Office Investment Corp.
  1,064     2,074,821
East Japan Railway Co.
  101,671     1,908,950
GLP J-Reit(a)
  2,011     1,756,250
Haseko Corp.
  158,987     1,990,772
Japan Airlines Co. Ltd.
  104,052     1,703,310
Japan Metropolitan Fund Investment Corp.(a)
  3,142     1,954,614
Japan Prime Realty Investment Corp.
  918     1,992,071
Japan Real Estate Investment Corp.
  588     2,032,168
Japan Tobacco, Inc.
  73,223     2,157,854
Kamigumi Co. Ltd.
  80,976     1,851,372
KDDI Corp.
  66,784     2,006,272
Keikyu Corp.
  240,261     1,895,453
Kirin Holdings Co. Ltd.
  149,391     2,115,363
Kyushu Railway Co.
  89,039     2,378,950
McDonald’s Holdings Co. (Japan) Ltd.(a)
  52,205     2,154,679
NH Foods Ltd.
  57,942     1,916,253
Nippon Accommodations Fund, Inc.(a)
  473     2,018,251
Nippon Building Fund, Inc.
  513     1,974,126
Nippon Telegraph & Telephone Corp.
  1,989,431     2,120,861
Nomura Real Estate Master Fund, Inc.
  1,950     1,914,230
NS Solutions Corp.
  105,800     2,422,444
ORIX JREIT, Inc.(a)
  1,884     1,954,622
Sekisui Chemical Co. Ltd.
  120,803     1,825,373
Sekisui House REIT, Inc.
  3,668     1,933,221
SHO-BOND Holdings Co. Ltd.
  49,804     1,915,895
SoftBank Corp.
  182,461     2,382,931
Takeda Pharmaceutical Co. Ltd.
  69,525     1,987,881
United Urban Investment Corp.
  2,091     1,992,884
        71,556,711
Netherlands-3.18%
EXOR N.V.
  19,652     2,011,711
Heineken N.V.(a)
  17,571     1,559,495
JDE Peet’s N.V.(a)
  80,629     1,769,403
Koninklijke Ahold Delhaize N.V.
  62,723     2,021,246
Koninklijke KPN N.V.(a)
  829,119     3,262,183
Wolters Kluwer N.V.
  12,457     2,090,706
        12,714,744
New Zealand-1.79%
Auckland International Airport Ltd.
  374,826     1,665,257
Contact Energy Ltd.
  326,944     1,650,601
  Shares   Value
New Zealand-(continued)
Infratil Ltd.
  265,193   $  1,697,973
Spark New Zealand Ltd.
  837,545     2,149,026
        7,162,857
Norway-1.38%
DNB Bank ASA
  92,236     1,902,165
Storebrand ASA
  177,106     1,775,190
Telenor ASA
  154,947     1,842,161
        5,519,516
Singapore-4.72%
CapitaLand Ascendas REIT
  922,895     1,876,700
DBS Group Holdings Ltd.
  88,162     2,411,668
Mapletree Industrial Trust
  1,178,379     2,035,030
Oversea-Chinese Banking Corp. Ltd.
  237,728     2,639,250
Singapore Exchange Ltd.
  367,773     2,708,257
Singapore Technologies Engineering Ltd.
  743,750     2,457,667
Singapore Telecommunications Ltd.
  946,968     2,180,518
United Overseas Bank Ltd.
  106,513     2,576,028
        18,885,118
Spain-1.40%
Iberdrola S.A.
  147,575     1,945,042
Redeia Corp. S.A.
  111,265     1,970,947
Telefonica S.A.(a)
  369,699     1,671,815
        5,587,804
Sweden-2.85%
Assa Abloy AB, Class B(a)
  58,412     1,776,188
Essity AB, Class B
  67,256     1,890,743
Industrivarden AB, Class C(a)
  58,753     1,989,388
Investor AB, Class B
  77,121     2,186,064
L E Lundbergforetagen AB, Class B(a)
  38,506     1,943,695
Volvo AB, Class B
  64,309     1,639,887
        11,425,965
Switzerland-4.14%
Chocoladefabriken Lindt & Spruengli AG, PC(a)
  149     1,863,664
EMS-Chemie Holding AG(a)
  2,277     1,897,392
Nestle S.A.
  19,753     2,000,321
Novartis AG
  18,315     2,051,114
Schindler Holding AG, PC
  6,744     1,800,443
Swiss Life Holding AG
  2,519     1,928,205
Swisscom AG(a)
  3,976     2,430,091
Zurich Insurance Group AG
  4,705     2,582,739
        16,553,969
United Kingdom-7.73%
Aviva PLC
  292,498     1,879,249
Bunzl PLC
  55,960     2,341,782
Coca-Cola Europacific Partners PLC
  24,788     1,828,611
Compass Group PLC
  69,840     2,149,358
Haleon PLC
  442,388     1,986,518
Imperial Brands PLC
  69,788     1,921,866
Informa PLC
  172,151     1,921,972
Intertek Group PLC
  28,608     1,855,652
London Stock Exchange Group PLC
  20,411     2,482,744
Pearson PLC
  155,735     2,112,359
RELX PLC
  44,560     2,102,247
Shell PLC
  51,758     1,888,050
Smiths Group PLC
  93,031     2,134,159
 
See accompanying notes which are an integral part of this schedule.
Invesco S&P International Developed Low Volatility ETF (IDLV)—(continued)
July 31, 2024
(Unaudited)
  Shares   Value
United Kingdom-(continued)
Tesco PLC
  456,689   $  1,945,148
Unilever PLC
  38,622     2,369,282
        30,918,997
United States-2.43%
Ferrovial SE(a)
  48,577     1,931,245
GSK PLC
  88,523     1,719,197
Holcim AG(b)
  19,846     1,854,172
Roche Holding AG
  6,476     2,102,631
Waste Connections, Inc.
  11,830     2,102,759
        9,710,004
TOTAL INVESTMENTS IN SECURITIES

(excluding investments purchased with cash collateral from securities on loan)-99.68%

(Cost $386,712,360)
  398,868,236
  Shares   Value
Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds-12.38%
Invesco Private Government Fund, 5.30%(d)(e)(f)
  13,713,284   $ 13,713,284
Invesco Private Prime Fund, 5.48%(d)(e)(f)
  35,803,901    35,814,642
Total Investments Purchased with Cash Collateral from Securities on Loan

(Cost $49,527,926)
  49,527,926
TOTAL INVESTMENTS IN SECURITIES-112.06%

(Cost $436,240,286)
  448,396,162
OTHER ASSETS LESS LIABILITIES-(12.06)%
  (48,268,737)
NET ASSETS-100.00%
  $400,127,425
 
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 July 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 aggregate value of these securities at July 31, 2024 was $6,111,442, which represented 1.53% 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 nine months ended July 31, 2024.
    
  Value
October 31, 2023 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation
(Depreciation) 		  Realized
Gain 		  Value
July 31, 2024 		  Dividend
Income
Investments in Affiliated Money Market Funds:                          
Invesco Government & Agency Portfolio, Institutional Class $-   $9,383,025   $(9,383,025)   $-   $-   $-   $11,392
Investments Purchased with Cash Collateral from Securities on Loan:                          
Invesco Private Government Fund 9,336,181   92,822,120   (88,445,017)   -   -   13,713,284   497,484*
Invesco Private Prime Fund 24,014,475   197,056,917   (185,266,824)   (219)   10,293   35,814,642   1,332,599*
Total $33,350,656   $299,262,062   $(283,094,866)   $(219)   $10,293   $49,527,926   $1,841,475
    
* 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 July 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)
July 31, 2024
(Unaudited)
  Shares   Value
Common Stocks & Other Equity Interests-99.89%
Australia-1.99%
Brambles Ltd.
  49,298   $    500,901
CAR Group Ltd.
  19,419        441,919
Cochlear Ltd.
  3,473        782,438
Fortescue Ltd.
  65,776        810,499
James Hardie Industries PLC, CDI(a)
  25,333        904,376
Medibank Pvt. Ltd.
  120,796        313,942
NEXTDC Ltd.(a)
  20,403        223,163
Pro Medicus Ltd.
  2,393        224,644
REA Group Ltd.
  2,410        322,017
Reece Ltd.
  10,226        184,568
Seven Group Holdings Ltd.
  10,125       259,044
        4,967,511
Belgium-0.06%
Lotus Bakeries N.V.(b)
  14       152,100
Canada-4.32%
Alimentation Couche-Tard, Inc.
  28,889     1,779,828
Cameco Corp.(b)
  21,693        986,781
CGI, Inc., Class A(a)
  9,185     1,046,722
Constellation Software, Inc.
  1,257     3,963,847
Fairfax Financial Holdings Ltd.
  1,334     1,572,304
Great-West Lifeco, Inc.
  15,019        450,858
Stantec, Inc.
  6,678        587,240
TMX Group Ltd.
  12,484       379,187
        10,766,767
Denmark-8.85%
Danske Bank A/S
  23,704        725,292
Demant A/S(a)
  4,205        160,983
Novo Nordisk A/S, Class B(b)
  160,001    21,160,532
        22,046,807
Finland-0.18%
Wartsila OYJ Abp
  21,120       435,482
France-3.58%
Credit Agricole S.A.
  45,045        683,867
Danone S.A.
  28,360     1,846,212
Dassault Systemes SE
  26,698     1,012,303
ENGIE S.A.
  64,356     1,012,561
Publicis Groupe S.A.
  11,401     1,192,004
Safran S.A.
  14,389     3,162,337
        8,909,284
Germany-6.33%
Beiersdorf AG
  3,800        551,828
E.ON SE
  102,418     1,436,867
Heidelberg Materials AG
  5,591        583,706
Rheinmetall AG
  1,944     1,059,796
SAP SE
  56,512    11,925,798
Talanx AG
  2,709       205,932
        15,763,927
Israel-0.21%
Camtek Ltd.
  2,228        225,095
Cellebrite DI Ltd.(a)(b)
  1,578         21,619
Nova Ltd.(a)
  1,327       268,205
        514,919
Italy-3.83%
Assicurazioni Generali S.p.A.
  40,662     1,052,929
Enel S.p.A.
  284,517     2,030,134
Ferrari N.V.
  5,803     2,388,695
Leonardo S.p.A.
  24,190       576,134
  Shares   Value
Italy-(continued)
Mediobanca Banca di Credito Finanziario S.p.A.(b)
  26,098   $    423,469
UniCredit S.p.A.
  74,882     3,075,488
        9,546,849
Japan-55.92%
Advantest Corp.
  51,590     2,067,235
AEON Co. Ltd.(b)
  39,900        910,917
Aisin Corp.
  7,775        266,126
Ajinomoto Co., Inc.
  19,638        813,269
Alfresa Holdings Corp.
  11,535        181,236
Amada Co. Ltd.
  14,858        176,517
Bridgestone Corp.(b)
  28,248     1,161,198
Canon Marketing Japan, Inc.(b)
  3,061         94,865
Canon, Inc.(b)
  53,247     1,678,169
Chubu Electric Power Co., Inc.
  30,215        380,248
Chugai Pharmaceutical Co. Ltd.
  36,896     1,620,668
COMSYS Holdings Corp.
  4,793        103,754
Cosmo Energy Holdings Co. Ltd.
  3,688        200,308
Dai Nippon Printing Co. Ltd.
  10,575        349,314
Daito Trust Construction Co. Ltd.
  2,846        343,029
Daiwa House Industry Co. Ltd.
  39,370     1,123,325
Daiwa Securities Group, Inc.
  97,769        817,124
Denso Corp.
  77,121     1,288,596
Disco Corp.
  7,288     2,395,750
Ebara Corp.
  22,430        327,073
Fast Retailing Co. Ltd.
  9,309     2,576,897
Fuji Electric Co. Ltd.
  5,738        325,380
FUJIFILM Holdings Corp.
  56,801     1,351,506
Haseko Corp.(b)
  9,918        124,189
Hikari Tsushin, Inc.
  1,068        200,241
Hitachi Construction Machinery Co. Ltd.
  3,703         93,326
Hitachi Ltd.
  296,351     6,476,154
Honda Motor Co. Ltd.
  262,093     2,868,983
Hulic Co. Ltd.(b)
  42,316        413,851
ITOCHU Corp.(b)
  84,748     4,383,847
Japan Exchange Group, Inc.
  36,409        858,803
Japan Post Bank Co. Ltd.
  61,316        642,053
Japan Tobacco, Inc.
  90,046     2,653,622
JFE Holdings, Inc.
  20,481        300,831
JTEKT Corp.
  9,308         67,864
Kajima Corp.
  27,879        541,052
Kamigumi Co. Ltd.
  4,160         95,111
Kansai Electric Power Co., Inc. (The)
  43,689        746,976
Kawasaki Kisen Kaisha Ltd.(b)
  57,491        894,118
Keisei Electric Railway Co. Ltd.
  10,940        327,124
Kobe Steel Ltd.
  31,886        399,688
Komatsu Ltd.
  36,269     1,050,273
Konami Group Corp.
  4,248        322,143
Kuraray Co. Ltd.(b)
  15,704        194,030
Kyocera Corp.(b)
  55,777        704,719
Kyoto Financial Group, Inc.
  16,896        318,920
Kyushu Electric Power Co., Inc.
  19,788        207,796
Marubeni Corp.
  89,775     1,706,775
Mazda Motor Corp.
  29,397        268,063
McDonald’s Holdings Co. (Japan) Ltd.(b)
  4,032        166,414
Medipal Holdings Corp.
  9,840        178,344
Mitsubishi Corp.
  282,412     5,901,258
Mitsubishi Electric Corp.
  108,048     1,867,824
Mitsubishi HC Capital, Inc.
  65,749        476,534
Mitsubishi Heavy Industries Ltd.
  224,577     2,731,463
Mitsubishi UFJ Financial Group, Inc.
  528,320     6,144,889
Mitsui & Co. Ltd.
  152,745     3,583,609
See accompanying notes which are an integral part of this schedule.
Invesco S&P International Developed Momentum ETF (IDMO)—(continued)
July 31, 2024
(Unaudited)
  Shares   Value
Japan-(continued)
Mitsui Chemicals, Inc.(b)
  8,606   $    250,355
Mitsui Fudosan Co. Ltd.
  148,898     1,557,165
Mitsui OSK Lines Ltd.(b)
  22,111        707,152
Mizuho Financial Group, Inc.
  93,121     2,133,997
MS&AD Insurance Group Holdings, Inc.
  72,673     1,730,126
NEC Corp.
  22,003     1,901,097
NH Foods Ltd.
  4,523        149,584
Nichirei Corp.
  5,224        137,179
Nintendo Co. Ltd.
  60,645     3,380,900
Nippon Sanso Holdings Corp.
  13,110        433,050
Nippon Steel Corp.(b)
  33,368        727,416
Nippon Yusen K.K.(b)
  27,244        887,069
Nissin Foods Holdings Co. Ltd.
  10,673        317,296
Niterra Co. Ltd.
  10,382        311,888
Nitto Denko Corp.
  7,282        635,953
Nomura Holdings, Inc.
  135,220        844,878
Nomura Real Estate Holdings, Inc.
  5,363        151,166
Nomura Research Institute Ltd.
  20,144        625,232
NS Solutions Corp.
  3,699         84,694
Obayashi Corp.
  28,941        381,911
Osaka Gas Co. Ltd.
  22,049        499,275
Otsuka Corp.
  11,756        260,263
Otsuka Holdings Co. Ltd.
  26,699     1,377,538
Renesas Electronics Corp.
  69,678     1,193,871
Ryohin Keikaku Co. Ltd.(b)
  11,705        221,054
Santen Pharmaceutical Co. Ltd.
  17,485        210,108
Sanwa Holdings Corp.
  14,994        323,877
SBI Holdings, Inc.
  10,136        265,627
SCREEN Holdings Co. Ltd.
  7,664        656,834
SCSK Corp.
  7,344        144,161
SECOM Co. Ltd.
  10,332        660,737
Seibu Holdings, Inc.
  12,013        224,914
Sekisui House Ltd.(b)
  34,268        860,913
Shimizu Corp.
  24,038        151,887
Shin-Etsu Chemical Co. Ltd.
  100,638     4,513,527
Shinko Electric Industries Co. Ltd.
  2,357         89,183
Skylark Holdings Co. Ltd.(b)
  13,830        189,719
Socionext, Inc.
  7,158        146,433
SoftBank Corp.
  211,497     2,762,140
Sojitz Corp.
  7,853        187,948
Sompo Holdings, Inc.
  44,036     1,014,707
Subaru Corp.
  23,620        468,836
Sumitomo Corp.
  62,966     1,581,055
Sumitomo Forestry Co. Ltd.
  11,898        508,073
Sumitomo Mitsui Financial Group, Inc.
  52,317     3,795,295
Sumitomo Mitsui Trust Holdings, Inc.
  25,728        656,794
Sumitomo Realty & Development Co. Ltd.
  20,397        678,228
Suzuken Co. Ltd.
  2,853        104,290
Suzuki Motor Corp.
  78,607        919,241
TBS Holdings, Inc.(b)
  2,719         77,002
TDK Corp.
  20,196     1,414,096
Tobu Railway Co. Ltd.
  7,665        134,543
Toei Animation Co. Ltd.
  2,743         42,642
Tokio Marine Holdings, Inc.
  91,099     3,646,140
Tokyo Century Corp.
  8,894         95,407
Tokyo Electric Power Co. Holdings, Inc.(a)
  30,954        153,844
Tokyo Electron Ltd.
  27,208     5,609,412
Tokyo Tatemono Co. Ltd.(b)
  9,889        173,646
Tokyu Fudosan Holdings Corp.
  30,378        221,081
TOPPAN Holdings, Inc.
  22,730        645,824
Toyo Seikan Group Holdings Ltd.
  6,562        112,696
Toyo Suisan Kaisha Ltd.
  4,285       291,771
  Shares   Value
Japan-(continued)
Toyota Industries Corp.
  8,094   $    690,190
Toyota Motor Corp.
  659,541    12,926,933
Toyota Tsusho Corp.
  44,636        899,781
Trend Micro, Inc.
  5,345        257,516
USS Co. Ltd.
  19,493        175,678
Yamaha Motor Co. Ltd.(b)
  35,714        335,872
Yamato Kogyo Co. Ltd.
  3,216        170,632
Yamazaki Baking Co. Ltd.
  13,461        332,723
Yokohama Rubber Co. Ltd. (The)(b)
  7,482        171,908
Zensho Holdings Co. Ltd.
  6,112       248,079
        139,305,443
Netherlands-1.53%
ASM International N.V.
  2,059     1,411,689
EXOR N.V.
  3,344        342,314
Wolters Kluwer N.V.
  12,284     2,061,671
        3,815,674
Norway-0.21%
Frontline PLC
  7,596        186,800
Kongsberg Gruppen ASA
  3,442       345,003
        531,803
Singapore-0.24%
Hafnia Ltd.
  12,980        102,563
Keppel Ltd.
  70,314        349,047
Sembcorp Industries Ltd.
  43,234       154,176
        605,786
Spain-1.99%
Banco Bilbao Vizcaya Argentaria S.A.
  216,142     2,269,643
Industria de Diseno Textil S.A.(b)
  55,241     2,681,566
        4,951,209
Sweden-1.82%
Saab AB, Class B(b)
  14,263        328,841
Spotify Technology S.A.(a)
  8,057     2,771,125
Volvo AB, Class B
  56,028     1,428,720
        4,528,686
Switzerland-0.29%
Kuehne + Nagel International AG, Class R(a)(b)
  2,360       730,588
United Kingdom-6.52%
3i Group PLC
  63,630     2,556,503
BAE Systems PLC
  146,709     2,444,074
Centrica PLC
  219,359        373,468
InterContinental Hotels Group PLC
  7,172        722,227
Melrose Industries PLC
  82,640        624,994
RELX PLC
  100,905     4,760,486
Rolls-Royce Holdings PLC(a)
  685,360     3,957,881
Sage Group PLC (The)
  56,909       793,832
        16,233,465
United States-2.02%
CyberArk Software Ltd.(a)
  1,695        434,564
Ferrovial SE
  24,504        974,190
Holcim AG(a)
  19,019     1,776,907
Stellantis N.V.
  110,987     1,850,007
        5,035,668
Total Common Stocks & Other Equity Interests

(Cost $224,836,817)
  248,841,968
 
See accompanying notes which are an integral part of this schedule.
Invesco S&P International Developed Momentum ETF (IDMO)—(continued)
July 31, 2024
(Unaudited)
  Shares   Value
Money Market Funds-0.05%
Invesco Government & Agency Portfolio, Institutional Class, 5.22%(c)(d)

(Cost $126,848)
  126,848   $    126,848
TOTAL INVESTMENTS IN SECURITIES

(excluding investments purchased with cash collateral from securities on loan)-99.94%

(Cost $224,963,665)
  248,968,816
Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds-5.20%
Invesco Private Government Fund, 5.30%(c)(d)(e)
  3,588,901     3,588,901
  Shares   Value
Money Market Funds-(continued)
Invesco Private Prime Fund, 5.48%(c)(d)(e)
  9,367,919   $  9,370,729
Total Investments Purchased with Cash Collateral from Securities on Loan

(Cost $12,959,630)
  12,959,630
TOTAL INVESTMENTS IN SECURITIES-105.14%

(Cost $237,923,295)
  261,928,446
OTHER ASSETS LESS LIABILITIES-(5.14)%
  (12,795,723)
NET ASSETS-100.00%
  $249,132,723
 
Investment Abbreviations:
CDI-CREST Depository Interest
    
Notes to Schedule of Investments:
(a) Non-income producing security.
(b) All or a portion of this security was out on loan at July 31, 2024.
(c) 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 nine months ended July 31, 2024.
    
  Value
October 31, 2023 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation
(Depreciation) 		  Realized
Gain
(Loss) 		  Value
July 31, 2024 		  Dividend
Income
Investments in Affiliated Money Market Funds:                          
Invesco Government & Agency Portfolio, Institutional Class $-   $8,617,986   $(8,491,138)   $-   $-   $126,848   $8,184
Investments Purchased with Cash Collateral from Securities on Loan:                          
Invesco Private Government Fund 1,058,661   20,042,898   (17,512,658)   -   -   3,588,901   87,101*
Invesco Private Prime Fund 2,722,975   38,124,102   (31,474,954)   (61)   (1,333)   9,370,729   229,623*
Total $3,781,636   $66,784,986   $(57,478,750)   $(61)   $(1,333)   $13,086,478   $324,908
    
* 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.
    
(d) The rate shown is the 7-day SEC standardized yield as of July 31, 2024.
(e) 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
July 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 July 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 $420,588,943   $2,856,837   $670,098   $424,115,878
Money Market Funds -   9,836,830   -   9,836,830
Total Investments $420,588,943   $12,693,667   $670,098   $433,952,708
Invesco S&P Emerging Markets Momentum ETF              
Investments in Securities              
Common Stocks & Other Equity Interests $9,405,143   $704   $0   $9,405,847
Money Market Funds 131,943   33,528   -   165,471
Total Investments $9,537,086   $34,232   $0   $9,571,318
Invesco S&P International Developed Low Volatility ETF              
Investments in Securities              
Common Stocks & Other Equity Interests $398,868,236   $-   $-   $398,868,236
Money Market Funds -   49,527,926   -   49,527,926
Total Investments $398,868,236   $49,527,926   $-   $448,396,162
Invesco S&P International Developed Momentum ETF              
Investments in Securities              
Common Stocks & Other Equity Interests $248,841,968   $-   $-   $248,841,968
Money Market Funds 126,848   12,959,630   -   13,086,478
Total Investments $248,968,816   $12,959,630   $-   $261,928,446