NPORT-EX 2 edgar.htm EDGAR HTML
Schedule of Investments(a)
Invesco KBW Bank ETF (KBWB)
November 30, 2024
(Unaudited)
 
 
Shares
Value
Common Stocks & Other Equity Interests-99.95%
Asset Management & Custody Banks-11.02%
Bank of New York Mellon Corp. (The)
 
1,381,293
$113,086,458
Northern Trust Corp.
 
806,522
89,652,986
State Street Corp.
 
1,082,157
106,603,286
 
 
309,342,730
Consumer Finance-4.38%
Capital One Financial Corp.
 
641,213
123,119,308
Diversified Banks-43.26%
Bank of America Corp.
 
4,624,907
219,729,332
Citigroup, Inc.
 
1,504,244
106,605,772
Comerica, Inc.
 
530,063
38,297,052
Fifth Third Bancorp
 
2,207,524
106,093,603
JPMorgan Chase & Co.
 
838,359
209,355,010
KeyCorp
 
3,770,590
73,451,093
PNC Financial Services Group, Inc. (The)
 
509,284
109,353,460
U.S. Bancorp
 
1,995,223
106,325,434
Wells Fargo & Co.
 
3,223,301
245,518,837
 
 
1,214,729,593
Investment Banking & Brokerage-16.53%
Goldman Sachs Group, Inc. (The)
 
369,177
224,670,047
Morgan Stanley
 
1,819,069
239,407,671
 
 
464,077,718
Regional Banks-24.76%
Citizens Financial Group, Inc.
 
1,792,880
86,309,243
East West Bancorp, Inc.
 
554,068
60,770,178
First Horizon Corp.
 
2,141,569
45,251,353
 
Shares
Value
Regional Banks-(continued)
Huntington Bancshares, Inc.
 
5,808,300
$104,607,483
M&T Bank Corp.
 
547,466
120,437,045
Regions Financial Corp.
 
3,660,247
99,778,333
Truist Financial Corp.
 
2,119,161
101,041,597
Western Alliance Bancorporation(b)
 
439,783
41,168,087
Zions Bancorporation N.A.
 
590,319
35,726,106
 
 
695,089,425
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.95%
(Cost $2,463,285,334)
2,806,358,774
Investments Purchased with Cash Collateral
from Securities on Loan
Money Market Funds-0.22%
Invesco Private Government Fund,
4.63%(c)(d)(e)
 
1,700,982
1,700,982
Invesco Private Prime Fund, 4.71%(c)(d)(e)
 
4,369,061
4,370,372
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $6,071,354)
6,071,354
TOTAL INVESTMENTS IN SECURITIES-100.17%
(Cost $2,469,356,688)
2,812,430,128
OTHER ASSETS LESS LIABILITIES-(0.17)%
(4,684,760
)
NET ASSETS-100.00%
$2,807,745,368
 
Notes to Schedule of Investments:
(a)
Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
(b)
All or a portion of this security was out on loan at November 30, 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 three months ended November 30, 2024.
 
 
Value
August 31, 2024
Purchases
at Cost
Proceeds
from Sales
Change in
Unrealized
Appreciation
(Depreciation)
Realized
Gain
(Loss)
Value
November 30, 2024
Dividend
Income
Investments in Affiliated
Money Market Funds:
Invesco Government & Agency
Portfolio, Institutional Class
$-
$14,580,775
$(14,580,775
)
$-
$-
$-
$6,697
Investments Purchased with
Cash Collateral from
Securities on Loan:
Invesco Private Government
Fund
4,559,871
15,788,679
(18,647,568
)
-
-
1,700,982
30,933
*
Invesco Private Prime Fund
11,971,364
32,147,052
(39,746,759
)
(999
)
(286
)
4,370,372
84,487
*
Total
$16,531,235
$62,516,506
$(72,975,102
)
$(999
)
$(286
)
$6,071,354
$122,117
 
*
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 November 30, 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.
Schedule of Investments(a)
Invesco KBW High Dividend Yield Financial ETF (KBWD)
November 30, 2024
(Unaudited)
 
 
Shares
Value
Common Stocks & Other Equity Interests-61.95%
Asset Management & Custody Banks-3.38%
Artisan Partners Asset Management, Inc.,
Class A(b)
 
172,953
$8,438,377
Janus Henderson Group PLC
 
116,173
5,260,313
 
 
13,698,690
Consumer Finance-2.54%
OneMain Holdings, Inc.(b)
 
179,491
10,293,809
Diversified Banks-1.43%
KeyCorp
 
296,787
5,781,411
Diversified Financial Services-0.90%
Jackson Financial, Inc., Class A
 
36,437
3,650,623
Investment Banking & Brokerage-1.20%
Lazard, Inc.(b)
 
83,900
4,872,073
Life & Health Insurance-2.81%
Lincoln National Corp.(b)
 
184,014
6,539,857
Prudential Financial, Inc.
 
37,314
4,828,805
 
 
11,368,662
Mortgage REITs-39.50%
AGNC Investment Corp.(b)
 
1,455,107
14,056,334
Annaly Capital Management, Inc.(b)
 
673,868
13,430,189
Apollo Commercial Real Estate Finance,
Inc.(b)
 
1,314,981
12,163,574
Ares Commercial Real Estate Corp.(b)
 
2,113,366
15,258,503
ARMOUR Residential REIT, Inc.(b)
 
725,420
13,724,947
Dynex Capital, Inc.(b)
 
1,035,068
12,990,103
Ellington Financial, Inc.(b)
 
950,292
11,745,609
KKR Real Estate Finance Trust, Inc.(b)
 
740,119
8,607,584
MFA Financial, Inc.
 
940,812
10,452,421
New York Mortgage Trust, Inc.(b)
 
1,894,186
11,630,302
Ready Capital Corp.(b)
 
1,839,321
13,555,796
TPG RE Finance Trust, Inc.
 
1,231,964
11,247,831
Two Harbors Investment Corp.(b)
 
945,651
11,111,399
 
 
159,974,592
Regional Banks-8.38%
Eagle Bancorp, Inc.
 
400,075
11,746,202
First Interstate BancSystem, Inc., Class A(b)
 
205,409
7,183,153
Flagstar Financial, Inc.(b)
 
35,857
429,208
Northwest Bancshares, Inc.(b)
 
439,316
6,449,159
Washington Trust Bancorp, Inc.
 
219,324
8,145,693
 
 
33,953,415
Transaction & Payment Processing Services-1.81%
Western Union Co. (The)(b)
 
665,261
7,324,524
Total Common Stocks & Other Equity Interests
(Cost $244,265,557)
250,917,799
 
Shares
Value
 
Closed-End Funds-37.69%
Barings BDC, Inc.
 
1,084,643
$11,106,744
BlackRock TCP Capital Corp., BDC(b)
 
1,703,694
16,031,761
Capital Southwest Corp., BDC(b)
 
380,891
8,973,792
Fidus Investment Corp., BDC(b)
 
613,491
13,061,223
FS KKR Capital Corp., BDC
 
720,690
16,013,732
Goldman Sachs BDC, Inc.(b)
 
949,673
12,412,226
MidCap Financial Investment Corp., BDC
 
825,134
11,692,149
PennantPark Investment Corp., BDC(b)
 
1,836,639
12,434,046
Prospect Capital Corp., BDC(b)
 
2,772,761
13,253,798
Runway Growth Finance Corp., BDC
 
1,179,209
12,275,566
Trinity Capital, Inc., BDC(b)
 
1,090,133
15,992,251
TriplePoint Venture Growth BDC Corp.(b)
 
1,121,365
9,408,252
 
 
152,655,540
Total Closed-End Funds
(Cost $154,378,263)
152,655,540
Money Market Funds-0.06%
Invesco Government & Agency Portfolio,
Institutional Class, 4.57%(c)(d)
(Cost $231,403)
 
231,403
231,403
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.70%
(Cost $398,875,223)
403,804,742
Investments Purchased with Cash Collateral
from Securities on Loan
Money Market Funds-32.12%
Invesco Private Government Fund,
4.63%(c)(d)(e)
 
36,453,347
36,453,347
Invesco Private Prime Fund, 4.71%(c)(d)(e)
 
93,626,870
93,654,958
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $130,108,996)
130,108,305
TOTAL INVESTMENTS IN SECURITIES-131.82%
(Cost $528,984,219)
533,913,047
OTHER ASSETS LESS LIABILITIES-(31.82)%
(128,877,295
)
NET ASSETS-100.00%
$405,035,752
See accompanying notes which are an integral part of this schedule.
Invesco KBW High Dividend Yield Financial ETF (KBWD)—(continued)
November 30, 2024
(Unaudited)
Investment Abbreviations:
BDC
-Business Development Company
REIT
-Real Estate Investment Trust
 
Notes to Schedule of Investments:
(a)
Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
(b)
All or a portion of this security was out on loan at November 30, 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 three months ended November 30, 2024.
 
 
Value
August 31, 2024
Purchases
at Cost
Proceeds
from Sales
Change in
Unrealized
Appreciation
(Depreciation)
Realized
Gain
Value
November 30, 2024
Dividend
Income
Investments in Affiliated
Money Market Funds:
Invesco Government &
Agency Portfolio,
Institutional Class
$127,294
$8,189,947
$(8,085,838
)
$-
$-
$231,403
$6,485
Investments Purchased
with Cash Collateral
from Securities on Loan:
Invesco Private
Government Fund
22,629,495
73,215,040
(59,391,188
)
-
-
36,453,347
330,762
*
Invesco Private Prime
Fund
73,980,800
148,019,496
(128,338,511
)
(7,760
)
933
93,654,958
890,789
*
Total
$96,737,589
$229,424,483
$(195,815,537
)
$(7,760
)
$933
$130,339,708
$1,228,036
 
*
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 November 30, 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.
Schedule of Investments(a)
Invesco KBW Premium Yield Equity REIT ETF (KBWY)
November 30, 2024
(Unaudited)
 
 
Shares
Value
Common Stocks & Other Equity Interests-99.70%
Diversified REITs-24.22%
American Assets Trust, Inc.
 
264,551
$7,523,831
Armada Hoffler Properties, Inc.
 
793,307
8,766,042
Broadstone Net Lease, Inc.(b)
 
507,804
8,891,648
Gladstone Commercial Corp.(b)
 
752,503
13,251,578
Global Net Lease, Inc.(b)
 
2,170,290
16,081,849
W.P. Carey, Inc.(b)
 
141,622
8,080,951
 
 
62,595,899
Health Care REITs-20.99%
Global Medical REIT, Inc.
 
1,420,765
12,630,601
Healthcare Realty Trust, Inc.
 
573,750
10,511,100
LTC Properties, Inc.
 
247,763
9,561,174
Omega Healthcare Investors, Inc.
 
251,304
10,205,455
Sabra Health Care REIT, Inc.
 
605,878
11,348,095
 
 
54,256,425
Hotel & Resort REITs-9.10%
Apple Hospitality REIT, Inc.
 
674,959
10,873,589
Service Properties Trust(b)
 
4,547,488
12,642,017
 
 
23,515,606
Industrial REITs-5.61%
Innovative Industrial Properties, Inc.(b)
 
72,136
7,864,267
LXP Industrial Trust
 
710,270
6,641,024
 
 
14,505,291
Multi-Family Residential REITs-2.21%
NexPoint Residential Trust, Inc.
 
121,202
5,704,978
Office REITs-14.46%
Easterly Government Properties, Inc.(b)
 
902,777
11,122,212
Highwoods Properties, Inc.(b)
 
282,434
9,167,808
Office Properties Income Trust(b)
 
1,211,600
1,999,140
Piedmont Office Realty Trust, Inc., Class A(b)
 
769,511
7,325,745
SL Green Realty Corp.
 
99,036
7,743,625
 
 
37,358,530
 
Shares
Value
Other Specialized REITs-14.59%
EPR Properties
 
222,501
$10,094,871
Four Corners Property Trust, Inc.(b)
 
251,716
7,478,482
Gaming and Leisure Properties, Inc.(b)
 
164,692
8,499,754
Outfront Media, Inc.(b)
 
605,162
11,625,162
 
 
37,698,269
Retail REITs-5.90%
Getty Realty Corp.(b)
 
261,278
8,590,821
Kimco Realty Corp.
 
260,134
6,651,626
 
 
15,242,447
Self-Storage REITs-2.62%
National Storage Affiliates Trust(b)
 
150,319
6,779,387
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.70%
(Cost $244,099,416)
257,656,832
Investments Purchased with Cash Collateral
from Securities on Loan
Money Market Funds-13.60%
Invesco Private Government Fund,
4.63%(c)(d)(e)
 
9,842,869
9,842,869
Invesco Private Prime Fund, 4.71%(c)(d)(e)
 
25,283,485
25,291,070
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $35,133,939)
35,133,939
TOTAL INVESTMENTS IN SECURITIES-113.30%
(Cost $279,233,355)
292,790,771
OTHER ASSETS LESS LIABILITIES-(13.30)%
(34,365,243
)
NET ASSETS-100.00%
$258,425,528
 
Investment Abbreviations:
REIT
-Real Estate Investment Trust
 
Notes to Schedule of Investments:
(a)
Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
(b)
All or a portion of this security was out on loan at November 30, 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 three months ended November 30, 2024.
 
 
Value
August 31, 2024
Purchases
at Cost
Proceeds
from Sales
Change in
Unrealized
Appreciation
(Depreciation)
Realized
Gain
(Loss)
Value
November 30, 2024
Dividend
Income
Investments in Affiliated
Money Market Funds:
Invesco Government &
Agency Portfolio,
Institutional Class
$2,689
$4,211,314
$(4,214,003
)
$-
$-
$-
$4,280
See accompanying notes which are an integral part of this schedule.
Invesco KBW Premium Yield Equity REIT ETF (KBWY)—(continued)
November 30, 2024
(Unaudited)
 
Value
August 31, 2024
Purchases
at Cost
Proceeds
from Sales
Change in
Unrealized
Appreciation
(Depreciation)
Realized
Gain
(Loss)
Value
November 30, 2024
Dividend
Income
Investments Purchased
with Cash Collateral from
Securities on Loan:
Invesco Private
Government Fund
$16,064,934
$59,730,747
$(65,952,812
)
$-
$-
$9,842,869
$152,536
*
Invesco Private Prime Fund
41,022,853
113,883,057
(129,613,272
)
(354
)
(1,214
)
25,291,070
413,086
*
Total
$57,090,476
$177,825,118
$(199,780,087
)
$(354
)
$(1,214
)
$35,133,939
$569,902
 
*
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 November 30, 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.
Schedule of Investments(a)
Invesco KBW Property & Casualty Insurance ETF (KBWP)
November 30, 2024
(Unaudited)
 
 
Shares
Value
Common Stocks & Other Equity Interests-99.77%
Multi-line Insurance-8.74%
American International Group, Inc.
 
465,091
$35,756,196
Horace Mann Educators Corp.(b)
 
164,980
6,907,713
 
 
42,663,909
Property & Casualty Insurance-81.10%
Allstate Corp. (The)
 
189,665
39,334,624
American Financial Group, Inc.
 
134,092
19,692,751
Arch Capital Group Ltd.(c)
 
158,434
15,957,473
Assurant, Inc.
 
91,254
20,723,783
AXIS Capital Holdings Ltd.(b)
 
224,309
20,869,709
Chubb Ltd.
 
126,102
36,409,431
Cincinnati Financial Corp.
 
130,758
20,899,051
Hanover Insurance Group, Inc. (The)
 
121,896
20,114,059
Hartford Financial Services Group, Inc. (The)
 
154,332
19,030,679
James River Group Holdings Ltd.
 
153,078
717,936
Kemper Corp.(b)
 
260,725
18,639,230
Mercury General Corp.
 
224,076
17,693,041
ProAssurance Corp.(b)(c)
 
207,020
3,461,374
Progressive Corp. (The)
 
142,089
38,204,890
RLI Corp.
 
116,271
20,452,069
Selective Insurance Group, Inc.
 
196,940
20,105,605
Travelers Cos., Inc. (The)
 
157,122
41,800,737
Universal Insurance Holdings, Inc.(b)
 
115,272
2,608,605
W.R. Berkley Corp.
 
300,130
19,373,392
 
 
396,088,439
 
Shares
Value
Reinsurance-9.93%
Everest Group Ltd.
 
45,681
$17,704,128
RenaissanceRe Holdings Ltd. (Bermuda)
 
70,323
20,122,927
SiriusPoint Ltd. (Sweden)(b)(c)
 
691,595
10,664,395
 
 
48,491,450
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.77%
(Cost $426,233,030)
487,243,798
Investments Purchased with Cash Collateral
from Securities on Loan
Money Market Funds-0.32%
Invesco Private Government Fund,
4.63%(d)(e)(f)
 
434,123
434,123
Invesco Private Prime Fund, 4.71%(d)(e)(f)
 
1,115,186
1,115,521
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $1,549,644)
1,549,644
TOTAL INVESTMENTS IN SECURITIES-100.09%
(Cost $427,782,674)
488,793,442
OTHER ASSETS LESS LIABILITIES-(0.09)%
(416,412
)
NET ASSETS-100.00%
$488,377,030
 
Notes to Schedule of Investments:
(a)
Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
(b)
All or a portion of this security was out on loan at November 30, 2024.
(c)
Non-income producing security.
(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 November 30, 2024.
 
 
Value
August 31, 2024
Purchases
at Cost
Proceeds
from Sales
Change in
Unrealized
Appreciation
(Depreciation)
Realized
Gain
(Loss)
Value
November 30, 2024
Dividend
Income
Investments in Affiliated
Money Market Funds:
Invesco Government & Agency
Portfolio, Institutional Class
$175,420
$1,651,130
$(1,826,550
)
$-
$-
$-
$1,440
Investments Purchased with
Cash Collateral from
Securities on Loan:
Invesco Private Government
Fund
156,972
3,165,237
(2,888,086
)
-
-
434,123
8,468
*
Invesco Private Prime Fund
409,185
7,324,601
(6,618,158
)
(24
)
(83
)
1,115,521
22,656
*
Total
$741,577
$12,140,968
$(11,332,794
)
$(24
)
$(83
)
$1,549,644
$32,564
 
*
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 November 30, 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(a)
Invesco KBW Regional Banking ETF (KBWR)
November 30, 2024
(Unaudited)
 
 
Shares
Value
Common Stocks & Other Equity Interests-99.78%
Regional Banks-99.78%
Ameris Bancorp
 
17,628
$1,238,896
Associated Banc-Corp
 
47,485
1,267,375
Atlantic Union Bankshares Corp.(b)
 
27,381
1,161,776
Banc of California, Inc.
 
53,813
927,198
Bank of Hawaii Corp.
 
13,505
1,066,625
Bank OZK(b)
 
25,062
1,252,348
BankUnited, Inc.(b)
 
25,412
1,069,083
BOK Financial Corp.
 
10,352
1,230,542
Brookline Bancorp, Inc.(b)
 
30,223
380,508
Cadence Bank(b)
 
33,657
1,285,361
Cathay General Bancorp
 
24,533
1,275,961
Columbia Banking System, Inc.
 
43,147
1,337,988
Commerce Bancshares, Inc.
 
32,104
2,367,670
Community Financial System, Inc.(b)
 
17,764
1,229,802
Cullen/Frost Bankers, Inc.
 
9,681
1,361,342
CVB Financial Corp.(b)
 
47,483
1,112,052
Eastern Bankshares, Inc.
 
64,022
1,193,370
F.N.B. Corp.
 
72,526
1,243,821
First Bancorp
 
50,816
1,050,875
First Commonwealth Financial Corp.
 
34,797
655,227
First Financial Bancorp
 
32,458
958,485
First Financial Bankshares, Inc.(b)
 
29,709
1,238,271
First Hawaiian, Inc.(b)
 
43,473
1,200,290
First Interstate BancSystem, Inc., Class A
 
34,991
1,223,635
Flagstar Financial, Inc.(b)
 
111,677
1,336,774
Fulton Financial Corp.(b)
 
56,148
1,211,674
Glacier Bancorp, Inc.
 
22,970
1,329,733
Hancock Whitney Corp.
 
20,221
1,200,723
Home BancShares, Inc.(b)
 
39,025
1,239,434
Hope Bancorp, Inc.(b)
 
41,040
558,965
Independent Bank Corp.
 
14,441
1,045,384
Old National Bancorp
 
54,733
1,267,616
Pacific Premier Bancorp, Inc.
 
32,776
930,838
Pinnacle Financial Partners, Inc.
 
19,231
2,444,452
Popular, Inc.
 
18,011
1,789,573
Prosperity Bancshares, Inc.
 
14,766
1,236,357
Provident Financial Services, Inc.(b)
 
44,356
936,799
Simmons First National Corp., Class A
 
42,679
1,043,928
SouthState Corp.
 
18,985
2,101,450
Synovus Financial Corp.(b)
 
23,557
1,344,398
 
Shares
Value
Regional Banks-(continued)
Texas Capital Bancshares, Inc.(c)
 
15,704
$1,389,019
Trustmark Corp.
 
20,806
813,723
UMB Financial Corp.
 
10,488
1,316,139
United Bankshares, Inc.
 
27,951
1,181,489
United Community Banks, Inc.
 
35,657
1,205,563
Valley National Bancorp
 
125,167
1,331,777
WaFd, Inc.(b)
 
27,609
1,009,937
Webster Financial Corp.
 
42,685
2,637,079
Wintrust Financial Corp.
 
9,986
1,378,168
WSFS Financial Corp.
 
19,848
1,191,276
 
 
62,800,769
Total Common Stocks & Other Equity Interests
(Cost $57,743,158)
62,800,769
Money Market Funds-0.13%
Invesco Government & Agency Portfolio,
Institutional Class, 4.57%(d)(e)
(Cost $83,194)
 
83,194
83,194
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from
securities on loan)-99.91%
(Cost $57,826,352)
62,883,963
Investments Purchased with Cash Collateral
from Securities on Loan
Money Market Funds-11.49%
Invesco Private Government Fund,
4.63%(d)(e)(f)
 
2,025,434
2,025,434
Invesco Private Prime Fund, 4.71%(d)(e)(f)
 
5,201,329
5,202,889
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $7,228,323)
7,228,323
TOTAL INVESTMENTS IN SECURITIES-111.40%
(Cost $65,054,675)
70,112,286
OTHER ASSETS LESS LIABILITIES-(11.40)%
(7,174,743
)
NET ASSETS-100.00%
$62,937,543
 
Notes to Schedule of Investments:
(a)
Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
(b)
All or a portion of this security was out on loan at November 30, 2024.
(c)
Non-income producing security.
(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 November 30, 2024.
 
 
Value
August 31, 2024
Purchases
at Cost
Proceeds
from Sales
Change in
Unrealized
Appreciation
(Depreciation)
Realized
Gain
(Loss)
Value
November 30, 2024
Dividend
Income
Investments in Affiliated
Money Market Funds:
Invesco Government & Agency
Portfolio, Institutional Class
$22,846
$508,284
$(447,936
)
$-
$-
$83,194
$737
See accompanying notes which are an integral part of this schedule.
Invesco KBW Regional Banking ETF (KBWR)—(continued)
November 30, 2024
(Unaudited)
 
Value
August 31, 2024
Purchases
at Cost
Proceeds
from Sales
Change in
Unrealized
Appreciation
(Depreciation)
Realized
Gain
(Loss)
Value
November 30, 2024
Dividend
Income
Investments Purchased with
Cash Collateral from
Securities on Loan:
Invesco Private Government
Fund
$1,027,084
$16,877,768
$(15,879,418
)
$-
$-
$2,025,434
$38,009
*
Invesco Private Prime Fund
2,920,566
35,864,290
(33,581,250
)
(101
)
(616
)
5,202,889
101,114
*
Total
$3,970,496
$53,250,342
$(49,908,604
)
$(101
)
$(616
)
$7,311,517
$139,860
 
*
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 November 30, 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
November 30, 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 November 30, 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 KBW Bank ETF
Investments in Securities
Common Stocks & Other Equity Interests
$2,806,358,774
$-
$-
$2,806,358,774
Money Market Funds
-
6,071,354
-
6,071,354
Total Investments
$2,806,358,774
$6,071,354
$-
$2,812,430,128
Invesco KBW High Dividend Yield Financial ETF
Investments in Securities
Common Stocks & Other Equity Interests
$250,917,799
$-
$-
$250,917,799
Closed-End Funds
152,655,540
-
-
152,655,540
Money Market Funds
231,403
130,108,305
-
130,339,708
Total Investments
$403,804,742
$130,108,305
$-
$533,913,047
Invesco KBW Premium Yield Equity REIT ETF
Investments in Securities
Common Stocks & Other Equity Interests
$257,656,832
$-
$-
$257,656,832
Money Market Funds
-
35,133,939
-
35,133,939
Total Investments
$257,656,832
$35,133,939
$-
$292,790,771
Invesco KBW Property & Casualty Insurance ETF
Investments in Securities
Common Stocks & Other Equity Interests
$487,243,798
$-
$-
$487,243,798
Money Market Funds
-
1,549,644
-
1,549,644
Total Investments
$487,243,798
$1,549,644
$-
$488,793,442
Invesco KBW Regional Banking ETF
Investments in Securities
Common Stocks & Other Equity Interests
$62,800,769
$-
$-
$62,800,769
Money Market Funds
83,194
7,228,323
-
7,311,517
Total Investments
$62,883,963
$7,228,323
$-
$70,112,286