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        <name>Ligand Pharmaceuticals Inc.</name>
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        <name>Patterson Cos., Inc.</name>
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        <name>Ironwood Pharmaceuticals, Inc.</name>
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        <name>Select Medical Holdings Corp.</name>
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        <name>Arcus Biosciences, Inc.</name>
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        <name>QuidelOrtho Corp.</name>
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      <invstOrSec>
        <name>Phibro Animal Health Corp.</name>
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      <invstOrSec>
        <name>Vericel Corp.</name>
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        <name>Azenta, Inc.</name>
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        <name>Innoviva, Inc.</name>
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        <name>CorVel Corp.</name>
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        <name>Integer Holdings Corp.</name>
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        <name>Progyny, Inc.</name>
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        <name>Harmony Biosciences Holdings, Inc.</name>
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        <name>STAAR Surgical Co.</name>
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        <name>Integra LifeSciences Holdings Corp.</name>
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        <name>LeMaitre Vascular, Inc.</name>
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        <name>Organon &amp; Co.</name>
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        <name>Addus HomeCare Corp.</name>
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        <name>TG Therapeutics, Inc.</name>
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        <name>Glaukos Corp.</name>
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        <name>Invesco Private Government Fund</name>
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        <name>ICU Medical, Inc.</name>
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        <name>Premier, Inc.</name>
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        <name>Protagonist Therapeutics, Inc.</name>
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        <name>Cytek Biosciences, Inc.</name>
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        <name>Alkermes PLC</name>
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        <title>Alkermes PLC</title>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="604930.24000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HealthStream, Inc.</name>
        <lei>529900OJ88H8635JNH64</lei>
        <title>HealthStream, Inc.</title>
        <cusip>42222N103</cusip>
        <identifiers>
          <isin value="US42222N1037"/>
        </identifiers>
        <balance>28926.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>957450.60000000</valUSD>
        <pctVal>0.484345565688</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="69363.00000000"/>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2024-12-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Invesco Exchange-Traded Fund Trust II</ncom:nameOfApplicant>
      <ncom:signature>Adrien Deberghes</ncom:signature>
      <ncom:signerName>Adrien Deberghes</ncom:signerName>
      <ncom:title>Vice President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
