NPORT-EX 2 edgar.htm EDGAR HTML
Schedule of Investments(a)
Invesco S&P 500 Revenue ETF (RWL)
November 30, 2024
(Unaudited)
 
 
Shares
Value
Common Stocks & Other Equity Interests-99.89%
Communication Services-7.63%
Alphabet, Inc., Class A
 
243,257
$41,098,270
Alphabet, Inc., Class C
 
241,844
41,231,983
AT&T, Inc.
 
1,319,293
30,554,826
Charter Communications, Inc., Class A(b)(c)
 
37,488
14,881,424
Comcast Corp., Class A
 
715,362
30,896,485
Electronic Arts, Inc.
 
11,605
1,899,390
Fox Corp., Class A(c)
 
41,087
1,936,019
Fox Corp., Class B
 
44,234
1,978,587
Interpublic Group of Cos., Inc. (The)
 
82,281
2,535,078
Live Nation Entertainment, Inc.(b)
 
56,139
7,761,217
Match Group, Inc.(b)
 
23,102
756,359
Meta Platforms, Inc., Class A
 
66,687
38,299,678
Netflix, Inc.(b)
 
12,118
10,746,364
News Corp., Class A
 
44,925
1,318,549
News Corp., Class B(c)
 
42,918
1,377,239
Omnicom Group, Inc.(c)
 
35,209
3,690,607
Paramount Global, Class B
 
644,730
6,995,320
Take-Two Interactive Software, Inc.(b)
 
8,272
1,558,279
T-Mobile US, Inc.
 
91,105
22,497,469
Verizon Communications, Inc.
 
705,841
31,296,990
Walt Disney Co. (The)
 
231,286
27,169,166
Warner Bros. Discovery, Inc.(b)
 
1,100,445
11,532,664
 
 
332,011,963
Consumer Discretionary-12.32%
Airbnb, Inc., Class A(b)
 
20,716
2,819,655
Amazon.com, Inc.(b)
 
757,166
157,407,240
Aptiv PLC(b)
 
67,480
3,747,164
AutoZone, Inc.(b)
 
1,364
4,323,253
Best Buy Co., Inc.
 
101,097
9,098,730
Booking Holdings, Inc.
 
1,352
7,033,077
BorgWarner, Inc.
 
103,656
3,557,474
Caesars Entertainment, Inc.(b)
 
68,246
2,626,789
CarMax, Inc.(b)(c)
 
76,733
6,443,270
Carnival Corp.(b)
 
316,161
8,039,974
Chipotle Mexican Grill, Inc.(b)
 
44,225
2,720,722
D.R. Horton, Inc.
 
44,621
7,531,132
Darden Restaurants, Inc.
 
16,559
2,918,855
Deckers Outdoor Corp.(b)
 
6,638
1,300,783
Domino’s Pizza, Inc.
 
2,718
1,294,284
eBay, Inc.
 
37,371
2,365,211
Expedia Group, Inc.(b)
 
22,791
4,207,674
Ford Motor Co.
 
3,940,174
43,854,137
Garmin Ltd.
 
7,670
1,630,642
General Motors Co.
 
898,922
49,971,074
Genuine Parts Co.
 
39,239
4,972,759
Hasbro, Inc.
 
15,370
1,001,356
Hilton Worldwide Holdings, Inc.
 
11,610
2,942,438
Home Depot, Inc. (The)
 
93,533
40,137,816
Las Vegas Sands Corp.(c)
 
66,517
3,529,392
Lennar Corp., Class A
 
44,890
7,828,367
LKQ Corp.
 
82,136
3,227,123
Lowe’s Cos., Inc.
 
76,817
20,927,255
lululemon athletica, inc.(b)
 
8,691
2,786,856
Marriott International, Inc., Class A
 
24,590
7,108,723
McDonald’s Corp.
 
20,210
5,982,362
MGM Resorts International(b)(c)
 
108,768
4,170,165
Mohawk Industries, Inc.(b)
 
16,190
2,247,658
NIKE, Inc., Class B
 
151,788
11,956,341
Norwegian Cruise Line Holdings Ltd.(b)
 
109,420
2,942,304
NVR, Inc.(b)
 
237
2,188,832
O’Reilly Automotive, Inc.(b)
 
3,366
4,184,679
 
Shares
Value
Consumer Discretionary-(continued)
Pool Corp.
 
3,498
$1,319,061
PulteGroup, Inc.
 
28,128
3,804,875
Ralph Lauren Corp.
 
8,640
1,999,296
Ross Stores, Inc.
 
31,639
4,899,932
Royal Caribbean Cruises Ltd.
 
21,283
5,194,329
Starbucks Corp.
 
86,318
8,844,142
Tapestry, Inc.
 
36,354
2,264,127
Tesla, Inc.(b)
 
96,709
33,380,078
TJX Cos., Inc. (The)
 
108,326
13,615,495
Tractor Supply Co.(c)
 
12,075
3,425,315
Ulta Beauty, Inc.(b)
 
6,945
2,685,215
Wynn Resorts Ltd.
 
21,138
1,995,004
Yum! Brands, Inc.
 
12,326
1,712,574
 
 
536,165,009
Consumer Staples-12.44%
Altria Group, Inc.
 
89,215
5,151,274
Archer-Daniels-Midland Co.
 
343,716
18,766,894
Brown-Forman Corp., Class B(c)
 
20,397
858,306
Bunge Global S.A.
 
133,729
12,000,840
Church & Dwight Co., Inc.
 
13,418
1,477,724
Clorox Co. (The)
 
9,938
1,661,335
Coca-Cola Co. (The)
 
152,283
9,758,295
Colgate-Palmolive Co.
 
43,969
4,248,724
Conagra Brands, Inc.
 
87,537
2,411,644
Constellation Brands, Inc., Class A
 
9,370
2,257,702
Costco Wholesale Corp.
 
64,702
62,882,580
Dollar General Corp.
 
108,964
8,419,648
Dollar Tree, Inc.(b)(c)
 
103,444
7,372,454
Estee Lauder Cos., Inc. (The), Class A
 
42,879
3,092,433
General Mills, Inc.
 
62,775
4,159,472
Hershey Co. (The)
 
12,813
2,256,754
Hormel Foods Corp.(c)
 
86,941
2,819,497
J.M. Smucker Co. (The)
 
16,411
1,933,052
Kellanova
 
38,930
3,164,620
Kenvue, Inc.
 
153,995
3,708,200
Keurig Dr Pepper, Inc.
 
93,259
3,044,906
Kimberly-Clark Corp.
 
32,935
4,589,492
Kraft Heinz Co. (The)
 
172,146
5,503,508
Kroger Co. (The)
 
627,326
38,317,072
Lamb Weston Holdings, Inc.
 
23,459
1,811,973
McCormick & Co., Inc.
 
18,562
1,455,446
Molson Coors Beverage Co., Class B(c)
 
50,552
3,137,257
Mondelez International, Inc., Class A
 
111,336
7,231,273
Monster Beverage Corp.(b)
 
33,798
1,863,284
PepsiCo, Inc.
 
121,191
19,808,669
Philip Morris International, Inc.
 
67,466
8,977,026
Procter & Gamble Co. (The)
 
112,698
20,202,243
Sysco Corp.
 
240,982
18,582,122
Target Corp.
 
165,436
21,888,837
The Campbell’s Company(c)
 
43,875
2,027,025
Tyson Foods, Inc., Class A
 
202,074
13,033,773
Walgreens Boots Alliance, Inc.(c)
 
3,691,281
33,295,355
Walmart, Inc.
 
1,927,935
178,333,988
 
 
541,504,697
Energy-7.46%
APA Corp.
 
87,195
1,974,967
Baker Hughes Co., Class A
 
188,456
8,282,641
Chevron Corp.
 
328,326
53,165,829
ConocoPhillips
 
127,022
13,761,555
Coterra Energy, Inc.
 
55,619
1,486,140
Devon Energy Corp.
 
91,191
3,460,699
See accompanying notes which are an integral part of this schedule.
Invesco S&P 500 Revenue ETF (RWL)—(continued)
November 30, 2024
(Unaudited)
 
Shares
Value
Energy-(continued)
Diamondback Energy, Inc.
 
12,515
$2,222,539
EOG Resources, Inc.
 
46,995
6,262,554
EQT Corp.
 
32,074
1,457,443
Exxon Mobil Corp.
 
717,954
84,689,854
Halliburton Co.
 
193,644
6,169,498
Hess Corp.
 
22,491
3,310,225
Kinder Morgan, Inc.
 
168,625
4,767,029
Marathon Petroleum Corp.
 
211,156
32,972,009
Occidental Petroleum Corp.
 
126,368
6,391,693
ONEOK, Inc.
 
48,452
5,504,147
Phillips 66
 
280,439
37,573,217
Schlumberger N.V.
 
204,898
9,003,218
Targa Resources Corp.
 
25,610
5,232,123
Valero Energy Corp.
 
243,813
33,909,512
Williams Cos., Inc. (The)
 
53,043
3,104,076
 
 
324,700,968
Financials-17.07%
Aflac, Inc.
 
41,411
4,720,854
Allstate Corp. (The)
 
74,855
15,524,178
American Express Co.
 
64,201
19,560,761
American International Group, Inc.
 
134,508
10,340,975
Ameriprise Financial, Inc.
 
8,991
5,160,564
Aon PLC, Class A
 
9,556
3,741,556
Arch Capital Group Ltd.(b)
 
31,307
3,153,241
Arthur J. Gallagher & Co.
 
8,452
2,639,052
Assurant, Inc.
 
13,955
3,169,180
Bank of America Corp.
 
1,142,903
54,299,321
Bank of New York Mellon Corp. (The)
 
127,960
10,476,085
Berkshire Hathaway, Inc., Class B(b)
 
193,227
93,332,506
BlackRock, Inc.
 
5,086
5,201,961
Blackstone, Inc., Class A
 
16,253
3,105,786
Brown & Brown, Inc.
 
10,211
1,154,864
Capital One Financial Corp.
 
87,555
16,811,436
Cboe Global Markets, Inc.
 
4,289
925,781
Charles Schwab Corp. (The)
 
95,494
7,903,083
Chubb Ltd.
 
43,436
12,541,276
Cincinnati Financial Corp.
 
18,252
2,917,217
Citigroup, Inc.
 
682,070
48,338,301
Citizens Financial Group, Inc.
 
72,884
3,508,636
CME Group, Inc., Class A
 
6,254
1,488,452
Corpay, Inc.(b)
 
2,926
1,115,333
Discover Financial Services
 
40,039
7,304,315
Erie Indemnity Co., Class A
 
1,590
700,490
Everest Group Ltd.
 
9,759
3,782,198
FactSet Research Systems, Inc.
 
1,177
577,519
Fidelity National Information Services, Inc.
 
27,533
2,348,565
Fifth Third Bancorp
 
73,517
3,533,227
Fiserv, Inc.(b)
 
26,360
5,824,506
Franklin Resources, Inc.(c)
 
96,517
2,196,727
Global Payments, Inc.
 
20,854
2,480,792
Globe Life, Inc.
 
12,736
1,416,753
Goldman Sachs Group, Inc. (The)
 
59,153
35,998,741
Hartford Financial Services Group, Inc.
(The)
 
51,436
6,342,573
Huntington Bancshares, Inc.
 
184,449
3,321,926
Intercontinental Exchange, Inc.
 
15,093
2,429,369
Invesco Ltd.(d)
 
83,872
1,517,244
Jack Henry & Associates, Inc.
 
2,960
521,493
JPMorgan Chase & Co.
 
305,980
76,409,326
KeyCorp
 
154,251
3,004,809
KKR & Co., Inc., Class A
 
44,909
7,314,329
Loews Corp.
 
49,616
4,303,196
 
Shares
Value
Financials-(continued)
M&T Bank Corp.
 
18,099
$3,981,599
MarketAxess Holdings, Inc.
 
651
168,407
Marsh & McLennan Cos., Inc.
 
23,912
5,576,996
Mastercard, Inc., Class A
 
12,415
6,616,450
MetLife, Inc.
 
211,064
18,622,177
Moody’s Corp.
 
3,210
1,604,936
Morgan Stanley
 
244,326
32,155,745
MSCI, Inc.
 
1,161
707,780
Nasdaq, Inc.
 
20,995
1,742,375
Northern Trust Corp.
 
38,321
4,259,762
PayPal Holdings, Inc.(b)
 
103,136
8,949,111
PNC Financial Services Group, Inc. (The)
 
42,897
9,210,844
Principal Financial Group, Inc.
 
44,836
3,904,767
Progressive Corp. (The)
 
62,078
16,691,533
Prudential Financial, Inc.
 
120,910
15,646,963
Raymond James Financial, Inc.
 
28,427
4,812,123
Regions Financial Corp.
 
97,681
2,662,784
S&P Global, Inc.
 
6,004
3,137,150
State Street Corp.
 
54,564
5,375,100
Synchrony Financial
 
99,048
6,687,721
T. Rowe Price Group, Inc.
 
15,125
1,873,080
Travelers Cos., Inc. (The)
 
43,260
11,508,890
Truist Financial Corp.
 
143,536
6,843,796
U.S. Bancorp
 
218,307
11,633,580
Visa, Inc., Class A
 
28,299
8,916,449
W.R. Berkley Corp.
 
51,216
3,305,993
Wells Fargo & Co.
 
543,659
41,410,506
Willis Towers Watson PLC
 
7,802
2,512,244
 
 
742,977,358
Health Care-17.00%
Abbott Laboratories
 
81,912
9,728,688
AbbVie, Inc.
 
66,056
12,083,624
Agilent Technologies, Inc.
 
11,066
1,526,776
Align Technology, Inc.(b)
 
3,735
869,396
Amgen, Inc.
 
21,538
6,092,454
Baxter International, Inc.
 
87,949
2,964,761
Becton, Dickinson and Co.
 
19,737
4,379,640
Biogen, Inc.(b)
 
11,101
1,783,154
Bio-Techne Corp.
 
3,594
270,844
Boston Scientific Corp.(b)
 
42,545
3,857,130
Bristol-Myers Squibb Co.
 
220,837
13,077,967
Cardinal Health, Inc.
 
468,699
57,293,766
Catalent, Inc.(b)
 
17,078
1,043,637
Cencora, Inc.
 
276,461
69,543,765
Centene Corp.(b)
 
489,168
29,350,080
Charles River Laboratories International,
Inc.(b)(c)
 
4,797
954,891
Cigna Group (The)
 
138,422
46,758,952
Cooper Cos., Inc. (The)(b)
 
8,038
839,649
CVS Health Corp.
 
1,465,337
87,700,419
Danaher Corp.
 
21,115
5,061,054
DaVita, Inc.(b)
 
17,868
2,969,126
DexCom, Inc.(b)
 
13,193
1,028,922
Edwards Lifesciences Corp.(b)
 
20,358
1,452,543
Elevance Health, Inc.
 
72,893
29,664,535
Eli Lilly and Co.
 
9,826
7,815,109
GE HealthCare Technologies, Inc.
 
52,245
4,347,829
Gilead Sciences, Inc.
 
78,123
7,232,627
HCA Healthcare, Inc.
 
40,370
13,209,871
Henry Schein, Inc.(b)
 
41,340
3,185,247
Hologic, Inc.(b)
 
11,459
910,991
Humana, Inc.
 
81,344
24,108,735
See accompanying notes which are an integral part of this schedule.
Invesco S&P 500 Revenue ETF (RWL)—(continued)
November 30, 2024
(Unaudited)
 
Shares
Value
Health Care-(continued)
IDEXX Laboratories, Inc.(b)
 
1,754
$739,750
Incyte Corp.(b)
 
14,071
1,049,556
Insulet Corp.(b)
 
1,850
493,543
Intuitive Surgical, Inc.(b)
 
3,580
1,940,360
IQVIA Holdings, Inc.(b)
 
14,806
2,973,637
Johnson & Johnson
 
122,299
18,957,568
Labcorp Holdings, Inc.
 
13,163
3,174,389
McKesson Corp.
 
141,345
88,835,333
Medtronic PLC
 
84,264
7,292,207
Merck & Co., Inc.
 
125,235
12,728,885
Mettler-Toledo International, Inc.(b)
 
603
754,474
Moderna, Inc.(b)(c)
 
17,155
738,694
Molina Healthcare, Inc.(b)
 
24,355
7,255,355
Pfizer, Inc.
 
444,654
11,654,381
Quest Diagnostics, Inc.
 
14,040
2,283,746
Regeneron Pharmaceuticals, Inc.(b)
 
2,769
2,077,359
ResMed, Inc.
 
4,429
1,102,910
Revvity, Inc.(c)
 
5,155
598,702
Solventum Corp.(b)
 
27,253
1,948,862
STERIS PLC
 
5,158
1,129,912
Stryker Corp.
 
13,443
5,271,672
Teleflex, Inc.
 
2,883
555,987
Thermo Fisher Scientific, Inc.
 
16,173
8,565,706
UnitedHealth Group, Inc.
 
150,661
91,933,342
Universal Health Services, Inc., Class B
 
15,034
3,081,970
Vertex Pharmaceuticals, Inc.(b)
 
4,956
2,320,052
Viatris, Inc.
 
303,348
3,970,825
Waters Corp.(b)(c)
 
2,027
779,827
West Pharmaceutical Services, Inc.
 
2,186
711,936
Zimmer Biomet Holdings, Inc.
 
16,503
1,849,986
Zoetis, Inc.
 
10,848
1,901,112
 
 
739,778,220
Industrials-9.85%
3M Co.
 
42,851
5,721,894
A.O. Smith Corp.
 
11,456
853,357
Allegion PLC(c)
 
6,106
859,969
Amentum Holdings, Inc.(b)
 
27,311
665,023
AMETEK, Inc.
 
9,525
1,851,470
Automatic Data Processing, Inc.
 
16,154
4,958,147
Axon Enterprise, Inc.(b)
 
1,152
745,298
Boeing Co. (The)(b)
 
109,583
17,033,582
Broadridge Financial Solutions, Inc.
 
7,113
1,678,810
Builders FirstSource, Inc.(b)
 
21,640
4,035,211
C.H. Robinson Worldwide, Inc.
 
40,578
4,284,225
Carrier Global Corp.
 
72,107
5,578,919
Caterpillar, Inc.
 
44,961
18,259,112
Cintas Corp.
 
10,699
2,415,727
Copart, Inc.(b)
 
19,668
1,246,755
CSX Corp.
 
101,659
3,715,636
Cummins, Inc.
 
26,355
9,884,179
Dayforce, Inc.(b)(c)
 
6,417
513,296
Deere & Co.
 
33,112
15,426,881
Delta Air Lines, Inc.
 
310,609
19,823,066
Dover Corp.
 
10,680
2,199,012
Eaton Corp. PLC
 
18,378
6,899,469
Emerson Electric Co.
 
38,687
5,129,896
Equifax, Inc.
 
4,088
1,069,257
Expeditors International of Washington,
Inc.
 
17,627
2,144,148
Fastenal Co.
 
24,752
2,068,277
FedEx Corp.
 
71,505
21,642,418
Fortive Corp.
 
19,513
1,547,966
 
Shares
Value
Industrials-(continued)
GE Vernova, Inc.(b)
 
32,768
$10,948,444
Generac Holdings, Inc.(b)
 
6,664
1,254,165
General Dynamics Corp.
 
34,386
9,765,968
General Electric Co.
 
50,501
9,199,262
Honeywell International, Inc.
 
42,773
9,963,115
Howmet Aerospace, Inc.
 
17,285
2,046,198
Hubbell, Inc.
 
3,217
1,480,110
Huntington Ingalls Industries, Inc.
 
10,447
2,067,670
IDEX Corp.
 
3,689
850,794
Illinois Tool Works, Inc.
 
14,826
4,114,512
Ingersoll Rand, Inc.
 
18,022
1,877,352
J.B. Hunt Transport Services, Inc.
 
17,009
3,216,572
Jacobs Solutions, Inc.
 
27,343
3,861,652
Johnson Controls International PLC
 
86,451
7,249,781
L3Harris Technologies, Inc.
 
21,090
5,193,412
Leidos Holdings, Inc.
 
23,924
3,957,030
Lockheed Martin Corp.
 
29,086
15,398,419
Masco Corp.
 
22,905
1,845,227
Nordson Corp.
 
2,405
627,681
Norfolk Southern Corp.
 
11,471
3,164,275
Northrop Grumman Corp.
 
18,267
8,944,437
Old Dominion Freight Line, Inc.
 
7,176
1,615,605
Otis Worldwide Corp.
 
35,057
3,610,170
PACCAR, Inc.
 
86,873
10,164,141
Parker-Hannifin Corp.
 
7,884
5,541,664
Paychex, Inc.
 
9,041
1,322,427
Paycom Software, Inc.
 
2,387
553,593
Pentair PLC
 
10,426
1,136,330
Quanta Services, Inc.
 
19,128
6,589,979
Republic Services, Inc.
 
17,668
3,856,924
Rockwell Automation, Inc.
 
7,824
2,309,175
Rollins, Inc.
 
14,930
751,427
RTX Corp.
 
141,976
17,296,936
Snap-on, Inc.
 
4,299
1,589,297
Southwest Airlines Co.(c)
 
219,423
7,100,528
Stanley Black & Decker, Inc.
 
35,745
3,197,390
Textron, Inc.
 
36,881
3,158,120
Trane Technologies PLC
 
12,010
4,998,802
TransDigm Group, Inc.
 
1,322
1,656,426
Uber Technologies, Inc.(b)
 
129,364
9,309,033
Union Pacific Corp.
 
22,544
5,515,615
United Airlines Holdings, Inc.(b)
 
258,686
25,048,565
United Parcel Service, Inc., Class B
 
163,881
22,241,929
United Rentals, Inc.
 
4,730
4,096,180
Veralto Corp.
 
10,690
1,156,551
Verisk Analytics, Inc.
 
2,350
691,394
W.W. Grainger, Inc.
 
3,923
4,728,549
Wabtec Corp.
 
14,024
2,813,495
Waste Management, Inc.
 
23,466
5,355,411
Xylem, Inc.
 
14,949
1,894,786
 
 
428,577,518
Information Technology-10.26%
Accenture PLC, Class A (Ireland)
 
43,046
15,598,579
Adobe, Inc.(b)
 
8,817
4,548,955
Advanced Micro Devices, Inc.(b)
 
35,541
4,875,337
Akamai Technologies, Inc.(b)
 
9,334
877,583
Amphenol Corp., Class A
 
48,996
3,559,559
Analog Devices, Inc.
 
10,019
2,184,643
ANSYS, Inc.(b)
 
1,697
595,817
Apple, Inc.
 
404,912
96,097,765
Applied Materials, Inc.
 
33,147
5,791,112
Arista Networks, Inc.(b)
 
4,029
1,635,049
See accompanying notes which are an integral part of this schedule.
Invesco S&P 500 Revenue ETF (RWL)—(continued)
November 30, 2024
(Unaudited)
 
Shares
Value
Information Technology-(continued)
Autodesk, Inc.(b)
 
5,087
$1,484,895
Broadcom, Inc.
 
65,309
10,585,283
Cadence Design Systems, Inc.(b)
 
3,586
1,100,221
CDW Corp.
 
22,115
3,890,692
Cisco Systems, Inc.
 
251,949
14,917,900
Cognizant Technology Solutions Corp.,
Class A
 
58,118
4,677,918
Corning, Inc.
 
67,933
3,306,299
CrowdStrike Holdings, Inc., Class A(b)
 
3,173
1,097,763
Dell Technologies, Inc., Class C
 
187,535
23,927,591
Enphase Energy, Inc.(b)
 
3,033
216,405
EPAM Systems, Inc.(b)
 
5,306
1,294,239
F5, Inc.(b)
 
3,093
774,333
Fair Isaac Corp.(b)
 
191
453,631
First Solar, Inc.(b)
 
3,794
756,030
Fortinet, Inc.(b)
 
17,151
1,630,203
Gartner, Inc.(b)
 
2,807
1,453,829
Gen Digital, Inc.
 
33,650
1,038,102
GoDaddy, Inc., Class A(b)
 
6,714
1,326,485
Hewlett Packard Enterprise Co.
 
392,637
8,331,757
HP, Inc.
 
371,400
13,158,702
Intel Corp.
 
654,684
15,745,150
International Business Machines Corp.
 
67,763
15,409,984
Intuit, Inc.
 
5,801
3,722,676
Jabil, Inc.
 
67,154
9,121,528
Juniper Networks, Inc.
 
30,715
1,103,283
Keysight Technologies, Inc.(b)
 
7,807
1,333,748
KLA Corp.
 
3,057
1,977,971
Lam Research Corp.
 
45,169
3,337,086
Microchip Technology, Inc.
 
19,779
1,348,334
Micron Technology, Inc.
 
54,586
5,346,699
Microsoft Corp.
 
133,045
56,339,236
Monolithic Power Systems, Inc.
 
447
253,735
Motorola Solutions, Inc.
 
5,456
2,726,363
NetApp, Inc.
 
12,696
1,557,037
NVIDIA Corp.
 
188,898
26,115,148
NXP Semiconductors N.V. (China)
 
13,280
3,046,034
ON Semiconductor Corp.(b)
 
25,291
1,798,696
Oracle Corp.
 
77,421
14,310,498
Palantir Technologies, Inc., Class A(b)
 
16,253
1,090,251
Palo Alto Networks, Inc.(b)
 
5,360
2,078,715
PTC, Inc.(b)
 
3,024
604,981
Qorvo, Inc.(b)
 
8,639
596,523
QUALCOMM, Inc.
 
51,836
8,217,561
Roper Technologies, Inc.
 
2,816
1,595,095
Salesforce, Inc.
 
33,508
11,057,305
Seagate Technology Holdings PLC
 
14,941
1,513,972
ServiceNow, Inc.(b)
 
2,689
2,821,944
Skyworks Solutions, Inc.
 
9,939
870,557
Super Micro Computer, Inc.(b)(c)
 
76,214
2,487,625
Synopsys, Inc.(b)
 
2,988
1,668,768
TE Connectivity PLC (Switzerland)
 
25,228
3,812,455
Teledyne Technologies, Inc.(b)
 
3,048
1,479,072
Teradyne, Inc.
 
4,800
528,000
Texas Instruments, Inc.
 
18,712
3,761,673
Trimble, Inc.(b)
 
15,283
1,115,200
Tyler Technologies, Inc.(b)
 
751
472,507
VeriSign, Inc.(b)
 
1,926
360,509
Western Digital Corp.(b)
 
46,575
3,399,509
Zebra Technologies Corp., Class A(b)
 
3,030
1,233,210
 
 
446,545,315
 
Shares
Value
Materials-2.51%
Air Products and Chemicals, Inc.
 
9,925
$3,318,225
Albemarle Corp.
 
19,871
2,140,107
Amcor PLC
 
288,953
3,074,460
Avery Dennison Corp.
 
9,063
1,866,525
Ball Corp.
 
45,086
2,802,546
Celanese Corp.
 
19,961
1,461,345
CF Industries Holdings, Inc.
 
17,268
1,548,249
Corteva, Inc.
 
69,532
4,327,672
Dow, Inc.
 
200,845
8,879,357
DuPont de Nemours, Inc.
 
34,523
2,885,777
Eastman Chemical Co.
 
20,589
2,156,080
Ecolab, Inc.
 
14,566
3,623,584
FMC Corp.
 
14,977
884,991
Freeport-McMoRan, Inc.
 
132,299
5,847,616
International Flavors & Fragrances, Inc.
 
25,394
2,319,996
International Paper Co.(c)
 
88,743
5,220,751
Linde PLC
 
16,330
7,527,967
LyondellBasell Industries N.V., Class A
 
102,124
8,511,014
Martin Marietta Materials, Inc.
 
2,987
1,792,200
Mosaic Co. (The)
 
107,573
2,846,381
Newmont Corp.
 
63,801
2,675,814
Nucor Corp.
 
53,043
8,205,221
Packaging Corp. of America
 
8,747
2,176,691
PPG Industries, Inc.
 
33,200
4,129,084
Sherwin-Williams Co. (The)
 
14,326
5,693,152
Smurfit WestRock PLC
 
100,841
5,548,272
Steel Dynamics, Inc.
 
37,390
5,431,645
Vulcan Materials Co.
 
7,376
2,125,247
 
 
109,019,969
Real Estate-0.89%
Alexandria Real Estate Equities, Inc.
 
5,581
615,194
American Tower Corp.
 
11,116
2,323,244
AvalonBay Communities, Inc.
 
2,860
673,101
BXP, Inc.
 
9,744
798,911
Camden Property Trust
 
2,920
367,336
CBRE Group, Inc., Class A(b)
 
65,397
9,154,926
CoStar Group, Inc.(b)
 
7,722
628,107
Crown Castle, Inc.
 
12,975
1,378,594
Digital Realty Trust, Inc.
 
8,024
1,570,217
Equinix, Inc.
 
2,216
2,174,960
Equity Residential
 
8,623
661,039
Essex Property Trust, Inc.
 
1,298
402,977
Extra Space Storage, Inc.
 
4,072
696,149
Federal Realty Investment Trust
 
2,264
264,096
Healthpeak Properties, Inc.
 
24,883
547,177
Host Hotels & Resorts, Inc.
 
73,183
1,348,031
Invitation Homes, Inc.
 
16,449
563,378
Iron Mountain, Inc.
 
11,582
1,432,346
Kimco Realty Corp.
 
18,563
474,656
Mid-America Apartment Communities, Inc.
 
3,068
503,643
Prologis, Inc.
 
13,874
1,620,206
Public Storage
 
3,029
1,054,243
Realty Income Corp.
 
17,685
1,023,785
Regency Centers Corp.(c)
 
4,459
337,056
SBA Communications Corp., Class A
 
2,622
593,227
Simon Property Group, Inc.
 
8,292
1,522,411
UDR, Inc.
 
8,176
374,951
Ventas, Inc.(c)
 
16,860
1,080,220
VICI Properties, Inc.
 
25,626
835,664
See accompanying notes which are an integral part of this schedule.
Invesco S&P 500 Revenue ETF (RWL)—(continued)
November 30, 2024
(Unaudited)
 
Shares
Value
Real Estate-(continued)
Welltower, Inc.
 
12,773
$1,764,973
Weyerhaeuser Co.
 
53,988
1,741,653
 
 
38,526,471
Utilities-2.46%
AES Corp. (The)
 
156,070
2,035,153
Alliant Energy Corp.
 
15,435
975,492
Ameren Corp.
 
19,931
1,881,287
American Electric Power Co., Inc.
 
44,166
4,410,417
American Water Works Co., Inc.
 
6,838
936,396
Atmos Energy Corp.
 
6,940
1,050,161
CenterPoint Energy, Inc.
 
71,442
2,330,438
CMS Energy Corp.
 
24,634
1,717,236
Consolidated Edison, Inc.
 
33,012
3,320,677
Constellation Energy Corp.
 
26,430
6,780,881
Dominion Energy, Inc.
 
56,524
3,320,785
DTE Energy Co.
 
22,395
2,816,843
Duke Energy Corp.
 
59,672
6,984,608
Edison International
 
45,842
4,022,635
Entergy Corp.
 
22,079
3,448,077
Evergy, Inc.
 
21,540
1,392,130
Eversource Energy
 
38,848
2,505,307
Exelon Corp.
 
131,689
5,209,617
FirstEnergy Corp.
 
69,060
2,938,503
NextEra Energy, Inc.
 
67,264
5,291,659
NiSource, Inc.
 
35,765
1,362,289
NRG Energy, Inc.
 
82,997
8,433,325
PG&E Corp.
 
291,730
6,310,120
Pinnacle West Capital Corp.(c)
 
12,612
1,181,744
PPL Corp.
 
59,228
2,068,834
 
Shares
Value
Utilities-(continued)
Public Service Enterprise Group, Inc.
 
27,186
$2,563,640
Sempra
 
37,030
3,468,600
Southern Co. (The)
 
68,061
6,066,277
Vistra Corp.
 
41,084
6,566,867
WEC Energy Group, Inc.
 
21,011
2,123,162
Xcel Energy, Inc.
 
50,324
3,651,509
 
 
107,164,669
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.89%
(Cost $3,416,270,639)
4,346,972,157
Investments Purchased with Cash Collateral from Securities
on Loan
Money Market Funds-1.52%
Invesco Private Government Fund,
4.63%(d)(e)(f)
 
18,580,915
18,580,915
Invesco Private Prime Fund, 4.71%(d)(e)(f)
 
47,487,374
47,501,620
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $66,082,535)
66,082,535
TOTAL INVESTMENTS IN SECURITIES-101.41%
(Cost $3,482,353,174)
4,413,054,692
OTHER ASSETS LESS LIABILITIES-(1.41)%
(61,270,268
)
NET ASSETS-100.00%
$4,351,784,424
 
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)
Non-income producing security.
(c)
All or a portion of this security was out on loan at November 30, 2024.
(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
Invesco Ltd.
$1,381,299
$155,910
$(100,080
)
$100,196
$(20,081
)
$1,517,244
$16,589
Investments in
Affiliated Money Market
Funds:
Invesco Government &
Agency Portfolio,
Institutional Class
-
19,090,598
(19,090,598
)
-
-
-
20,796
See accompanying notes which are an integral part of this schedule.
Invesco S&P 500 Revenue ETF (RWL)—(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
$36,153,465
$99,635,087
$(117,207,637
)
$-
$-
$18,580,915
$284,442
*
Invesco Private Prime
Fund
94,341,793
186,712,810
(233,545,603
)
(5,515
)
(1,865
)
47,501,620
782,341
*
Total
$131,876,557
$305,594,405
$(369,943,918
)
$94,681
$(21,946
)
$67,599,779
$1,104,168
 
*
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 S&P MidCap 400 Revenue ETF (RWK)
November 30, 2024
(Unaudited)
 
 
Shares
Value
Common Stocks & Other Equity Interests-99.94%
Communication Services-1.03%
Frontier Communications Parent, Inc.(b)
 
61,274
$2,132,948
Iridium Communications, Inc.(c)
 
11,309
336,103
New York Times Co. (The), Class A
 
17,819
966,859
Nexstar Media Group, Inc., Class A(c)
 
11,500
1,961,785
TKO Group Holdings, Inc.(b)(c)
 
8,436
1,163,831
Warner Music Group Corp., Class A(c)
 
84,574
2,750,346
ZoomInfo Technologies, Inc., Class A(b)(c)
 
44,371
485,419
 
 
9,797,291
Consumer Discretionary-21.38%
Abercrombie & Fitch Co., Class A(b)
 
12,631
1,890,734
Aramark
 
179,793
7,315,777
Autoliv, Inc. (Sweden)
 
42,482
4,210,816
AutoNation, Inc.(b)
 
61,318
10,969,177
Boyd Gaming Corp.(c)
 
23,804
1,757,925
Brunswick Corp.
 
28,006
2,254,763
Burlington Stores, Inc.(b)
 
14,185
3,998,468
Capri Holdings Ltd.(b)(c)
 
50,122
1,173,356
Carter’s, Inc.
 
15,480
844,744
Choice Hotels International, Inc.(c)
 
4,741
717,029
Churchill Downs, Inc.
 
7,119
1,011,681
Columbia Sportswear Co.(c)
 
15,673
1,367,313
Crocs, Inc.(b)(c)
 
12,050
1,272,480
Dick’s Sporting Goods, Inc.
 
23,777
4,927,546
Duolingo, Inc.(b)
 
1,058
368,470
Five Below, Inc.(b)
 
14,718
1,364,359
Floor & Decor Holdings, Inc., Class A(b)(c)
 
14,838
1,664,972
GameStop Corp., Class A(b)
 
84,760
2,462,278
Gap, Inc. (The)(c)
 
275,053
6,670,035
Gentex Corp.(c)
 
30,508
932,324
Goodyear Tire & Rubber Co. (The)(b)(c)
 
949,805
10,200,906
Graham Holdings Co., Class B
 
2,299
2,140,645
Grand Canyon Education, Inc.(b)
 
2,683
441,595
H&R Block, Inc.
 
21,854
1,295,505
Harley-Davidson, Inc.(c)
 
60,679
2,040,635
Hilton Grand Vacations, Inc.(b)(c)
 
46,155
1,956,510
Hyatt Hotels Corp., Class A
 
17,822
2,814,807
KB Home
 
28,780
2,381,257
Lear Corp.
 
86,586
8,471,574
Light & Wonder, Inc.(b)
 
10,557
1,003,337
Lithia Motors, Inc., Class A(c)
 
46,434
17,965,315
Macy’s, Inc.
 
602,024
9,776,870
Marriott Vacations Worldwide Corp.
 
24,741
2,455,544
Mattel, Inc.(b)(c)
 
109,888
2,090,070
Murphy USA, Inc.
 
15,245
8,351,211
Nordstrom, Inc.
 
257,027
5,837,083
Ollie’s Bargain Outlet Holdings, Inc.(b)(c)
 
8,632
854,136
Penske Automotive Group, Inc.
 
75,471
12,568,940
Planet Fitness, Inc., Class A(b)(c)
 
5,163
513,977
Polaris, Inc.
 
38,814
2,678,166
PVH Corp.
 
36,009
3,902,295
RH(b)(c)
 
3,588
1,381,882
Service Corp. International(c)
 
19,946
1,767,016
Skechers U.S.A., Inc., Class A(b)
 
47,958
3,060,680
Taylor Morrison Home Corp., Class A(b)
 
41,364
3,055,559
Tempur Sealy International, Inc.
 
36,449
2,040,415
Texas Roadhouse, Inc.
 
11,608
2,382,774
Thor Industries, Inc.(c)
 
38,472
4,293,475
Toll Brothers, Inc.
 
27,001
4,459,755
TopBuild Corp.(b)
 
5,236
2,045,391
Travel + Leisure Co.
 
34,679
1,937,516
Under Armour, Inc., Class A(b)(c)
 
139,148
1,351,127
 
Shares
Value
Consumer Discretionary-(continued)
Under Armour, Inc., Class C(b)
 
147,024
$1,289,400
Vail Resorts, Inc.(c)
 
6,140
1,100,534
Valvoline, Inc.(b)
 
14,749
585,683
Visteon Corp.(b)
 
16,805
1,569,083
Wendy’s Co. (The)
 
47,825
878,067
Whirlpool Corp.(c)
 
72,054
8,028,257
Williams-Sonoma, Inc.(c)
 
20,161
3,468,095
Wingstop, Inc.
 
531
174,577
Wyndham Hotels & Resorts, Inc.
 
6,852
672,729
YETI Holdings, Inc.(b)(c)
 
17,222
695,252
 
 
203,151,892
Consumer Staples-9.59%
BellRing Brands, Inc.(b)
 
12,522
982,476
BJ’s Wholesale Club Holdings, Inc.(b)(c)
 
96,305
9,274,171
Boston Beer Co., Inc. (The), Class A(b)
 
2,843
899,070
Casey’s General Stores, Inc.
 
15,206
6,400,053
Celsius Holdings, Inc.(b)(c)
 
16,914
481,203
Coca-Cola Consolidated, Inc.
 
1,999
2,607,276
Coty, Inc., Class A(b)(c)
 
258,552
1,910,699
Darling Ingredients, Inc.(b)(c)
 
66,469
2,693,989
e.l.f. Beauty, Inc.(b)(c)
 
3,714
481,037
Flowers Foods, Inc.
 
85,241
1,928,151
Ingredion, Inc.
 
22,023
3,244,869
Lancaster Colony Corp.
 
3,984
740,387
Performance Food Group Co.(b)
 
304,798
26,895,376
Pilgrim’s Pride Corp.(b)(c)
 
169,564
8,751,198
Post Holdings, Inc.(b)(c)
 
26,168
3,152,721
Sprouts Farmers Market, Inc.(b)
 
27,050
4,178,684
US Foods Holding Corp.(b)
 
236,109
16,473,325
 
 
91,094,685
Energy-5.53%
Antero Midstream Corp.
 
29,775
475,507
Antero Resources Corp.(b)
 
63,698
2,082,288
ChampionX Corp.
 
49,795
1,541,155
Chord Energy Corp.
 
12,746
1,625,370
Civitas Resources, Inc.
 
34,940
1,812,687
CNX Resources Corp.(b)(c)
 
19,299
781,995
DT Midstream, Inc.
 
4,789
508,209
Expand Energy Corp.(c)
 
20,662
2,044,711
HF Sinclair Corp.
 
267,527
10,949,880
Matador Resources Co.
 
24,904
1,494,489
Murphy Oil Corp.(c)
 
37,971
1,232,918
NOV, Inc.
 
215,450
3,451,509
Ovintiv, Inc.
 
103,604
4,705,694
PBF Energy, Inc., Class A(c)
 
439,212
13,830,786
Permian Resources Corp.(c)
 
124,677
1,952,442
Range Resources Corp.(c)
 
29,890
1,068,269
Valaris Ltd.(b)(c)
 
14,587
673,773
Viper Energy, Inc.(c)
 
7,289
394,408
Weatherford International PLC
 
22,867
1,881,954
 
 
52,508,044
Financials-14.31%
Affiliated Managers Group, Inc.
 
4,885
916,133
Ally Financial, Inc.
 
190,720
7,624,986
American Financial Group, Inc.
 
22,920
3,366,031
Annaly Capital Management, Inc.
 
119,062
2,372,906
Associated Banc-Corp
 
38,869
1,037,414
Bank OZK
 
23,896
1,194,083
Brighthouse Financial, Inc.(b)(c)
 
36,702
1,918,414
Cadence Bank
 
30,054
1,147,762
See accompanying notes which are an integral part of this schedule.
Invesco S&P MidCap 400 Revenue ETF (RWK)—(continued)
November 30, 2024
(Unaudited)
 
Shares
Value
Financials-(continued)
Carlyle Group, Inc. (The)
 
29,846
$1,588,703
CNO Financial Group, Inc.
 
50,920
2,031,708
Columbia Banking System, Inc.
 
46,894
1,454,183
Commerce Bancshares, Inc.
 
11,409
841,414
Cullen/Frost Bankers, Inc.
 
9,635
1,354,874
East West Bancorp, Inc.
 
20,614
2,260,943
Equitable Holdings, Inc.
 
130,448
6,291,507
Essent Group Ltd.
 
7,112
410,931
Euronet Worldwide, Inc.(b)(c)
 
14,820
1,558,027
Evercore, Inc., Class A
 
4,232
1,303,033
F.N.B. Corp.
 
66,473
1,140,012
Federated Hermes, Inc., Class B
 
17,523
749,108
Fidelity National Financial, Inc.
 
80,783
5,120,834
First American Financial Corp.
 
33,082
2,320,702
First Financial Bankshares, Inc.
 
7,179
299,221
First Horizon Corp.
 
122,551
2,589,503
FirstCash Holdings, Inc.
 
10,791
1,174,708
Flagstar Financial, Inc.(c)
 
235,914
2,823,891
Glacier Bancorp, Inc.
 
10,478
606,571
Hamilton Lane, Inc., Class A(c)
 
1,565
301,106
Hancock Whitney Corp.
 
15,333
910,474
Hanover Insurance Group, Inc. (The)
 
16,119
2,659,796
Home BancShares, Inc.
 
19,921
632,691
Houlihan Lokey, Inc.
 
5,001
945,639
Interactive Brokers Group, Inc., Class A
 
26,047
4,977,321
International Bancshares Corp.
 
6,399
467,959
Janus Henderson Group PLC
 
24,104
1,091,429
Jefferies Financial Group, Inc.
 
58,531
4,632,143
Kemper Corp.
 
29,891
2,136,908
Kinsale Capital Group, Inc.
 
1,171
595,383
MGIC Investment Corp.
 
17,880
469,529
Morningstar, Inc.
 
2,684
950,539
Old National Bancorp
 
56,522
1,309,050
Old Republic International Corp.
 
83,250
3,244,252
Pinnacle Financial Partners, Inc.
 
11,393
1,448,164
Primerica, Inc.
 
4,578
1,385,989
Prosperity Bancshares, Inc.
 
9,038
756,752
Reinsurance Group of America, Inc.
 
38,532
8,800,709
RenaissanceRe Holdings Ltd. (Bermuda)
 
15,534
4,445,054
RLI Corp.
 
4,100
721,190
Ryan Specialty Holdings, Inc., Class A
 
13,837
1,043,310
SEI Investments Co.
 
11,424
943,965
Selective Insurance Group, Inc.
 
19,275
1,967,785
SLM Corp.
 
55,381
1,516,332
SouthState Corp.(c)
 
9,472
1,048,456
Starwood Property Trust, Inc.(c)
 
40,812
831,340
Stifel Financial Corp.
 
24,816
2,873,693
Synovus Financial Corp.(c)
 
28,272
1,613,483
Texas Capital Bancshares, Inc.(b)
 
10,076
891,222
UMB Financial Corp.
 
9,450
1,185,880
United Bankshares, Inc.
 
16,223
685,746
Unum Group
 
88,656
6,817,646
Valley National Bancorp
 
158,393
1,685,301
Voya Financial, Inc.
 
39,549
3,282,567
Webster Financial Corp.
 
35,146
2,171,320
Western Alliance Bancorporation
 
22,244
2,082,261
Western Union Co. (The)
 
138,290
1,522,573
WEX, Inc.(b)(c)
 
5,087
959,713
Wintrust Financial Corp.
 
14,374
1,983,756
Zions Bancorporation N.A.
 
40,060
2,424,431
 
 
135,910,459
 
Shares
Value
Health Care-3.88%
Acadia Healthcare Co., Inc.(b)(c)
 
14,952
$607,500
Amedisys, Inc.(b)
 
9,038
826,164
Arrowhead Pharmaceuticals, Inc.(b)(c)
 
836
21,761
Avantor, Inc.(b)
 
97,719
2,057,962
BioMarin Pharmaceutical, Inc.(b)
 
11,668
770,438
Bio-Rad Laboratories, Inc., Class A(b)
 
3,005
1,023,293
Bruker Corp.
 
18,175
1,053,241
Chemed Corp.
 
1,554
889,494
Cytokinetics, Inc.(b)(c)
 
21
1,089
DENTSPLY SIRONA, Inc.
 
56,712
1,114,391
Doximity, Inc., Class A(b)(c)
 
4,799
254,347
Encompass Health Corp.
 
20,922
2,153,711
Enovis Corp.(b)(c)
 
16,891
824,450
Envista Holdings Corp.(b)(c)
 
49,933
1,113,007
Exelixis, Inc.(b)
 
29,112
1,061,423
Globus Medical, Inc., Class A(b)
 
12,264
1,049,921
Haemonetics Corp.(b)(c)
 
6,707
586,661
Halozyme Therapeutics, Inc.(b)(c)
 
5,362
258,448
HealthEquity, Inc.(b)(c)
 
5,374
545,676
Illumina, Inc.(b)(c)
 
13,199
1,902,636
Jazz Pharmaceuticals PLC(b)(c)
 
13,842
1,683,049
Lantheus Holdings, Inc.(b)(c)
 
5,213
465,364
LivaNova PLC(b)(c)
 
9,507
499,117
Masimo Corp.(b)(c)
 
6,840
1,180,174
Medpace Holdings, Inc.(b)
 
2,209
752,452
Neogen Corp.(b)(c)
 
21,919
310,811
Neurocrine Biosciences, Inc.(b)
 
6,634
840,859
Option Care Health, Inc.(b)(c)
 
54,897
1,306,549
Penumbra, Inc.(b)(c)
 
2,319
566,114
Perrigo Co. PLC(c)
 
61,479
1,754,611
Repligen Corp.(b)(c)
 
1,644
247,488
Roivant Sciences Ltd.(b)(c)
 
5,074
64,490
Sarepta Therapeutics, Inc.(b)(c)
 
4,618
615,764
Sotera Health Co.(b)
 
25,005
329,316
Tenet Healthcare Corp.(b)
 
49,466
7,057,809
United Therapeutics Corp.(b)
 
2,953
1,094,057
 
 
36,883,637
Industrials-23.49%
AAON, Inc.
 
4,850
661,249
Acuity Brands, Inc.
 
5,710
1,831,140
Advanced Drainage Systems, Inc.
 
7,548
1,021,169
AECOM
 
62,196
7,275,066
AGCO Corp.(c)
 
56,793
5,748,020
American Airlines Group, Inc.(b)(c)
 
1,922,314
27,911,999
Applied Industrial Technologies, Inc.
 
8,444
2,319,736
Avis Budget Group, Inc.(c)
 
60,061
6,550,853
Brink’s Co. (The)
 
17,219
1,665,249
BWX Technologies, Inc.
 
10,106
1,322,370
CACI International, Inc., Class A(b)
 
6,179
2,841,598
Carlisle Cos., Inc.
 
4,616
2,108,127
Chart Industries, Inc.(b)(c)
 
13,053
2,522,492
Clean Harbors, Inc.(b)
 
8,884
2,310,640
CNH Industrial N.V.
 
856,937
10,763,129
Comfort Systems USA, Inc.
 
6,726
3,317,734
Concentrix Corp.(c)
 
49,203
2,211,675
Core & Main, Inc., Class A(b)
 
65,662
3,187,890
Crane Co.
 
5,524
1,005,810
Curtiss-Wright Corp.
 
3,713
1,387,288
Donaldson Co., Inc.
 
19,403
1,514,404
EMCOR Group, Inc.
 
13,323
6,796,329
EnerSys
 
13,624
1,316,896
ESAB Corp.
 
10,706
1,381,930
See accompanying notes which are an integral part of this schedule.
Invesco S&P MidCap 400 Revenue ETF (RWK)—(continued)
November 30, 2024
(Unaudited)
 
Shares
Value
Industrials-(continued)
ExlService Holdings, Inc.(b)(c)
 
17,982
$833,646
Exponent, Inc.
 
1,935
191,004
Flowserve Corp.
 
37,132
2,265,795
Fluor Corp.(b)
 
131,790
7,397,373
Fortune Brands Innovations, Inc.
 
22,109
1,731,135
FTI Consulting, Inc.(b)(c)
 
6,366
1,289,242
GATX Corp.(c)
 
4,118
676,011
Genpact Ltd.
 
44,936
2,074,246
Graco, Inc.
 
9,906
902,238
GXO Logistics, Inc.(b)(c)
 
78,372
4,767,369
Hexcel Corp.
 
11,614
736,211
Insperity, Inc.
 
28,429
2,241,627
ITT, Inc.
 
9,864
1,539,968
KBR, Inc.
 
44,316
2,695,742
Kirby Corp.(b)
 
10,276
1,300,017
Knight-Swift Transportation Holdings, Inc.
 
55,494
3,294,124
Landstar System, Inc.
 
10,328
1,920,182
Lennox International, Inc.
 
3,269
2,180,848
Lincoln Electric Holdings, Inc.
 
8,813
1,925,464
ManpowerGroup, Inc.
 
98,101
6,314,761
MasTec, Inc.(b)(c)
 
41,730
6,011,624
Maximus, Inc.
 
22,809
1,699,270
Middleby Corp. (The)(b)(c)
 
11,342
1,626,329
MSA Safety, Inc.
 
3,940
684,811
MSC Industrial Direct Co., Inc., Class A(c)
 
18,933
1,625,966
Nextracker, Inc., Class A(b)
 
27,829
1,061,955
nVent Electric PLC
 
20,323
1,591,494
Oshkosh Corp.
 
39,655
4,505,205
Owens Corning
 
22,885
4,705,614
Parsons Corp.(b)
 
23,967
2,298,675
Paylocity Holding Corp.(b)
 
3,359
697,127
RB Global, Inc. (Canada)
 
19,099
1,867,118
RBC Bearings, Inc.(b)(c)
 
2,104
705,071
Regal Rexnord Corp.
 
15,748
2,719,837
Ryder System, Inc.
 
34,010
5,742,248
Saia, Inc.(b)(c)
 
2,749
1,564,401
Science Applications International Corp.
 
20,533
2,551,225
Sensata Technologies Holding PLC(c)
 
44,622
1,434,151
Simpson Manufacturing Co., Inc.
 
4,660
877,944
Terex Corp.
 
38,812
2,126,509
Tetra Tech, Inc.
 
42,362
1,758,447
Timken Co. (The)
 
22,248
1,723,108
Toro Co. (The)
 
20,650
1,798,202
Trex Co., Inc.(b)(c)
 
7,236
542,917
UFP Industries, Inc.
 
21,720
2,951,748
Valmont Industries, Inc.
 
5,730
1,993,238
Watsco, Inc.(c)
 
5,996
3,307,394
Watts Water Technologies, Inc., Class A
 
4,368
942,571
WESCO International, Inc.
 
52,810
11,173,012
Woodward, Inc.
 
7,523
1,356,547
XPO, Inc.(b)
 
28,119
4,285,617
 
 
223,179,171
Information Technology-8.44%
Allegro MicroSystems, Inc. (Japan)(b)(c)
 
15,989
347,441
Altair Engineering, Inc., Class A(b)(c)
 
2,729
288,210
Amkor Technology, Inc.
 
80,313
2,123,476
AppFolio, Inc., Class A(b)
 
1,227
311,351
Arrow Electronics, Inc.(b)(c)
 
91,730
11,022,277
ASGN, Inc.(b)
 
17,768
1,626,660
Aspen Technology, Inc.(b)(c)
 
1,919
479,750
Avnet, Inc.
 
180,196
9,858,523
Belden, Inc.
 
8,602
1,052,885
 
Shares
Value
Information Technology-(continued)
Blackbaud, Inc.(b)(c)
 
5,142
$431,619
Ciena Corp.(b)(c)
 
27,550
1,920,786
Cirrus Logic, Inc.(b)
 
5,302
553,794
Cognex Corp.
 
8,349
333,793
Coherent Corp.(b)(c)
 
23,199
2,323,612
Commvault Systems, Inc.(b)
 
2,241
384,533
Crane NXT Co.
 
9,148
573,397
Dolby Laboratories, Inc., Class A
 
6,721
526,389
Dropbox, Inc., Class A(b)
 
39,417
1,090,274
Dynatrace, Inc.(b)
 
11,286
634,160
Fabrinet (Thailand)(b)(c)
 
4,791
1,123,873
IPG Photonics Corp.(b)
 
6,272
489,467
Kyndryl Holdings, Inc.(b)
 
261,330
9,070,764
Lattice Semiconductor Corp.(b)(c)
 
5,360
304,180
Littelfuse, Inc.
 
3,422
844,105
Lumentum Holdings, Inc.(b)(c)
 
9,318
810,386
MACOM Technology Solutions Holdings,
Inc.(b)(c)
 
2,558
339,754
Manhattan Associates, Inc.(b)
 
1,446
412,746
MKS Instruments, Inc.
 
12,242
1,391,181
Novanta, Inc.(b)
 
2,015
336,465
Onto Innovation, Inc.(b)
 
1,732
284,360
Power Integrations, Inc.
 
2,643
173,143
Pure Storage, Inc., Class A(b)
 
23,545
1,247,649
Qualys, Inc.(b)(c)
 
1,757
269,875
Rambus, Inc.(b)
 
4,470
258,411
Silicon Laboratories, Inc.(b)(c)
 
1,869
206,805
Synaptics, Inc.(b)(c)
 
4,917
394,540
TD SYNNEX Corp.
 
191,747
22,815,975
Teradata Corp.(b)
 
24,100
744,690
Universal Display Corp.
 
1,198
197,095
Vishay Intertechnology, Inc.
 
64,928
1,240,125
Vontier Corp.
 
34,707
1,362,597
 
 
80,201,116
Materials-8.39%
Alcoa Corp.
 
126,949
5,894,242
AptarGroup, Inc.
 
8,937
1,545,744
Arcadium Lithium PLC (Argentina)(b)(c)
 
145,804
765,471
Ashland, Inc.
 
9,303
726,192
Avient Corp.
 
25,586
1,311,283
Axalta Coating Systems Ltd.(b)(c)
 
58,030
2,347,894
Berry Global Group, Inc.
 
71,369
5,160,692
Cabot Corp.
 
14,562
1,596,287
Chemours Co. (The)
 
122,883
2,671,476
Cleveland-Cliffs, Inc.(b)(c)
 
677,547
8,435,460
Commercial Metals Co.
 
61,099
3,769,197
Crown Holdings, Inc.
 
49,427
4,551,732
Eagle Materials, Inc.
 
3,201
988,853
Graphic Packaging Holding Co.
 
116,963
3,519,417
Greif, Inc., Class A
 
33,538
2,382,204
Knife River Corp.(b)
 
13,086
1,354,401
Louisiana-Pacific Corp.
 
11,422
1,350,080
NewMarket Corp.(c)
 
1,890
1,008,428
Olin Corp.
 
58,759
2,502,546
Reliance, Inc.
 
19,704
6,329,713
Royal Gold, Inc.(c)
 
1,640
239,866
RPM International, Inc.
 
23,240
3,225,247
Scotts Miracle-Gro Co. (The)(c)
 
19,397
1,495,315
Silgan Holdings, Inc.
 
44,449
2,557,151
Sonoco Products Co.
 
46,086
2,390,942
See accompanying notes which are an integral part of this schedule.
Invesco S&P MidCap 400 Revenue ETF (RWK)—(continued)
November 30, 2024
(Unaudited)
 
Shares
Value
Materials-(continued)
United States Steel Corp.(c)
 
179,862
$7,332,974
Westlake Corp.
 
33,493
4,300,501
 
 
79,753,308
Real Estate-2.20%
Agree Realty Corp.
 
2,910
223,488
American Homes 4 Rent, Class A
 
15,764
603,604
Brixmor Property Group, Inc.
 
17,201
517,234
COPT Defense Properties(c)
 
9,261
305,150
Cousins Properties, Inc.
 
10,633
337,491
CubeSmart
 
7,514
372,394
EastGroup Properties, Inc.
 
1,250
215,263
EPR Properties
 
5,502
249,626
Equity LifeStyle Properties, Inc.
 
7,689
548,456
First Industrial Realty Trust, Inc.
 
4,340
231,973
Gaming and Leisure Properties, Inc.
 
11,008
568,123
Healthcare Realty Trust, Inc.
 
26,799
490,958
Independence Realty Trust, Inc.(c)
 
11,954
261,075
Jones Lang LaSalle, Inc.(b)
 
32,878
9,225,567
Kilroy Realty Corp.(c)
 
11,622
482,662
Kite Realty Group Trust
 
11,868
327,201
Lamar Advertising Co., Class A(c)
 
6,385
855,718
National Storage Affiliates Trust(c)
 
6,594
297,389
NNN REIT, Inc.(c)
 
6,699
294,622
Omega Healthcare Investors, Inc.
 
9,363
380,231
Park Hotels & Resorts, Inc.(c)
 
72,502
1,127,406
PotlatchDeltic Corp.
 
9,022
404,546
Rayonier, Inc.
 
12,071
384,703
Rexford Industrial Realty, Inc.(c)
 
6,541
275,245
Sabra Health Care REIT, Inc.
 
13,950
261,283
STAG Industrial, Inc.
 
7,066
259,958
Vornado Realty Trust(c)
 
18,719
805,853
W.P. Carey, Inc.
 
9,916
565,807
 
 
20,873,026
Utilities-1.70%
ALLETE, Inc.
 
9,188
596,117
 
Shares
Value
Utilities-(continued)
Black Hills Corp.
 
13,445
$861,421
Essential Utilities, Inc.
 
18,842
754,245
IDACORP, Inc.(c)
 
6,764
801,331
National Fuel Gas Co.
 
11,142
712,754
New Jersey Resources Corp.
 
13,768
710,153
NorthWestern Energy Group, Inc.
 
10,066
556,046
OGE Energy Corp.
 
25,876
1,137,509
ONE Gas, Inc.
 
10,812
843,012
Ormat Technologies, Inc.(c)
 
4,467
364,597
Portland General Electric Co.
 
23,344
1,118,645
Southwest Gas Holdings, Inc.
 
28,208
2,204,737
Spire, Inc.
 
15,062
1,102,388
TXNM Energy, Inc.
 
16,670
817,664
UGI Corp.(c)
 
118,036
3,584,753
 
 
16,165,372
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.94%
(Cost $752,203,785)
949,518,001
Investments Purchased with Cash Collateral from Securities
on Loan
Money Market Funds-15.13%
Invesco Private Government Fund,
4.63%(d)(e)(f)
 
40,272,410
40,272,410
Invesco Private Prime Fund, 4.71%(d)(e)(f)
 
103,445,822
103,476,856
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $143,749,266)
143,749,266
TOTAL INVESTMENTS IN SECURITIES-115.07%
(Cost $895,953,051)
1,093,267,267
OTHER ASSETS LESS LIABILITIES-(15.07)%
(143,170,619
)
NET ASSETS-100.00%
$950,096,648
 
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)
Non-income producing security.
(c)
All or a portion of this security was out on loan at November 30, 2024.
(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
$128,678
$2,911,798
$(3,040,476
)
$-
$-
$-
$2,054
See accompanying notes which are an integral part of this schedule.
Invesco S&P MidCap 400 Revenue ETF (RWK)—(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
$28,740,449
$96,469,634
$(84,937,673
)
$-
$-
$40,272,410
$479,585
*
Invesco Private Prime
Fund
73,657,884
207,075,680
(177,245,446
)
(6,193
)
(5,069
)
103,476,856
1,280,642
*
Total
$102,527,011
$306,457,112
$(265,223,595
)
$(6,193
)
$(5,069
)
$143,749,266
$1,762,281
 
*
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 S&P SmallCap 600 Revenue ETF (RWJ)
November 30, 2024
(Unaudited)
 
 
Shares
Value
Common Stocks & Other Equity Interests-99.94%
Communication Services-5.39%
Cable One, Inc.
 
6,006
$2,523,841
CarGurus, Inc.(b)
 
37,080
1,402,366
Cars.com, Inc.(b)
 
49,686
987,261
Cinemark Holdings, Inc.(b)(c)
 
124,568
4,300,087
Cogent Communications Holdings, Inc.
 
18,153
1,491,995
Consolidated Communications Holdings,
Inc.(b)(c)
 
293,581
1,371,023
EchoStar Corp., Class A(b)(c)
 
1,241,528
31,398,243
Gogo, Inc.(b)(c)
 
68,332
548,706
IAC, Inc.(b)(c)
 
96,560
4,570,185
John Wiley & Sons, Inc., Class A(c)
 
48,544
2,533,026
Lumen Technologies, Inc.(b)
 
2,819,546
20,695,468
Madison Square Garden Sports Corp.,
Class A(b)
 
6,215
1,429,139
QuinStreet, Inc.(b)
 
39,427
898,147
Scholastic Corp.
 
65,897
1,738,363
Shenandoah Telecommunications Co.
 
23,526
313,602
Shutterstock, Inc.
 
32,546
1,031,057
TechTarget, Inc.(b)
 
11,295
362,683
TEGNA, Inc.
 
251,916
4,728,463
Telephone and Data Systems, Inc.
 
272,354
9,309,060
Thryv Holdings, Inc.(b)(c)
 
58,470
924,995
TripAdvisor, Inc.(b)
 
167,375
2,398,484
Yelp, Inc.(b)
 
49,819
1,904,082
Ziff Davis, Inc.(b)(c)
 
34,571
2,034,503
 
 
98,894,779
Consumer Discretionary-24.11%
Academy Sports & Outdoors, Inc.(c)
 
129,556
6,380,633
Adient PLC(b)(c)
 
907,360
17,448,533
Adtalem Global Education, Inc.(b)
 
27,094
2,476,663
Advance Auto Parts, Inc.(c)
 
342,043
14,143,478
American Axle & Manufacturing Holdings,
Inc.(b)
 
1,351,476
8,933,256
American Eagle Outfitters, Inc.
 
346,795
6,672,336
Asbury Automotive Group, Inc.(b)(c)
 
89,878
23,353,001
BJ’s Restaurants, Inc.(b)(c)
 
53,448
2,054,541
Bloomin’ Brands, Inc.(c)
 
341,931
4,766,518
Boot Barn Holdings, Inc.(b)(c)
 
13,696
1,878,269
Brinker International, Inc.(b)
 
79,008
10,450,388
Buckle, Inc. (The)(c)
 
34,860
1,815,857
Caleres, Inc.(c)
 
111,199
3,454,953
Cavco Industries, Inc.(b)
 
5,227
2,689,291
Century Communities, Inc.
 
49,030
4,430,351
Cheesecake Factory, Inc. (The)(c)
 
116,768
5,913,132
Cracker Barrel Old Country Store, Inc.(c)
 
110,347
6,130,879
Dana, Inc.
 
1,349,130
13,491,300
Dave & Buster’s Entertainment, Inc.(b)(c)
 
86,306
3,393,552
Dorman Products, Inc.(b)
 
21,107
2,954,558
Ethan Allen Interiors, Inc.
 
25,827
793,664
Etsy, Inc.(b)
 
63,225
3,468,523
Foot Locker, Inc.(c)
 
381,155
9,586,048
Fox Factory Holding Corp.(b)(c)
 
42,016
1,364,680
Frontdoor, Inc.(b)
 
48,858
2,863,079
Gentherm, Inc.(b)
 
38,193
1,607,925
G-III Apparel Group Ltd.(b)(c)
 
124,832
3,698,772
Golden Entertainment, Inc.(c)
 
31,303
1,056,163
Green Brick Partners, Inc.(b)
 
30,919
2,209,472
Group 1 Automotive, Inc.(c)
 
63,002
26,826,252
Guess?, Inc.(c)
 
185,609
3,055,124
Hanesbrands, Inc.(b)(c)
 
925,837
8,054,782
Helen of Troy Ltd.(b)(c)
 
42,300
3,101,859
 
Shares
Value
Consumer Discretionary-(continued)
Installed Building Products, Inc.
 
16,057
$3,672,878
Jack in the Box, Inc.(c)
 
44,735
2,185,305
Kohl’s Corp.(c)
 
1,088,026
16,287,749
Kontoor Brands, Inc.
 
43,388
3,982,151
La-Z-Boy, Inc.
 
60,343
2,731,728
LCI Industries
 
41,098
4,965,049
Leggett & Platt, Inc.
 
440,200
5,542,118
Leslie’s, Inc.(b)(c)
 
566,716
1,303,447
LGI Homes, Inc.(b)(c)
 
24,148
2,643,965
M/I Homes, Inc.(b)
 
31,562
5,208,677
MarineMax, Inc.(b)
 
90,499
3,105,926
Meritage Homes Corp.
 
39,660
7,577,836
Mister Car Wash, Inc.(b)(c)
 
179,818
1,438,544
Monarch Casino & Resort, Inc.
 
8,318
698,795
Monro, Inc.
 
62,625
1,761,015
National Vision Holdings, Inc.(b)(c)
 
232,794
2,816,807
Newell Brands, Inc.
 
1,256,221
12,047,159
ODP Corp. (The)(b)
 
317,722
8,159,101
Oxford Industries, Inc.(c)
 
22,666
1,885,131
Papa John’s International, Inc.(c)
 
53,147
2,648,315
Patrick Industries, Inc.(c)
 
33,746
4,535,125
PENN Entertainment, Inc.(b)(c)
 
398,736
8,608,710
Perdoceo Education Corp.
 
36,818
1,010,654
PHINIA, Inc.
 
95,303
5,344,592
Revelyst, Inc.(b)
 
85,385
1,613,777
Sabre Corp.(b)(c)
 
1,161,987
4,543,369
Sally Beauty Holdings, Inc.(b)(c)
 
362,457
5,049,026
Shake Shack, Inc., Class A(b)(c)
 
14,885
1,990,571
Shoe Carnival, Inc.(c)
 
36,926
1,246,622
Signet Jewelers Ltd.(c)
 
95,424
9,561,485
Six Flags Entertainment Corp.
 
57,485
2,655,232
Sonic Automotive, Inc., Class A
 
314,613
21,752,343
Sonos, Inc.(b)(c)
 
165,815
2,256,742
Standard Motor Products, Inc.
 
52,430
1,723,898
Steven Madden Ltd.
 
58,682
2,674,726
Strategic Education, Inc.
 
15,763
1,557,542
Stride, Inc.(b)(c)
 
30,802
3,291,810
Sturm, Ruger & Co., Inc.
 
15,381
585,862
Topgolf Callaway Brands Corp.(b)(c)
 
518,847
4,368,692
Tri Pointe Homes, Inc.(b)
 
117,219
5,102,543
Upbound Group, Inc.
 
167,961
5,776,179
Urban Outfitters, Inc.(b)
 
186,697
9,097,745
V.F. Corp.(c)
 
691,528
13,989,611
Victoria’s Secret & Co.(b)
 
328,030
12,740,685
Winnebago Industries, Inc.(c)
 
67,447
3,948,347
Wolverine World Wide, Inc.(c)
 
160,204
3,715,131
Worthington Enterprises, Inc.
 
55,355
2,265,127
XPEL, Inc.(b)(c)(d)
 
11,456
498,336
 
 
442,684,010
Consumer Staples-8.38%
Andersons, Inc. (The)
 
323,632
15,450,192
B&G Foods, Inc.(c)
 
272,711
1,821,709
Cal-Maine Foods, Inc.
 
41,775
4,077,658
Central Garden & Pet Co.(b)(c)
 
53,253
2,116,807
Central Garden & Pet Co., Class A(b)
 
61,806
2,088,425
Chefs’ Warehouse, Inc. (The)(b)
 
112,058
5,010,113
Edgewell Personal Care Co.
 
75,463
2,760,437
Energizer Holdings, Inc.
 
124,931
4,761,120
Fresh Del Monte Produce, Inc.
 
187,023
6,312,026
Grocery Outlet Holding Corp.(b)(c)
 
315,699
6,629,679
Hain Celestial Group, Inc. (The)(b)(c)
 
259,687
2,147,611
Inter Parfums, Inc.(c)
 
14,449
1,989,049
See accompanying notes which are an integral part of this schedule.
Invesco S&P SmallCap 600 Revenue ETF (RWJ)—(continued)
November 30, 2024
(Unaudited)
 
Shares
Value
Consumer Staples-(continued)
J&J Snack Foods Corp.(c)
 
11,869
$2,062,714
John B. Sanfilippo & Son, Inc.
 
14,173
1,223,839
MGP Ingredients, Inc.(c)
 
11,407
527,916
National Beverage Corp.(c)
 
35,156
1,736,355
PriceSmart, Inc.
 
66,769
5,991,850
Simply Good Foods Co. (The)(b)(c)
 
46,548
1,852,145
SpartanNash Co.
 
541,596
10,279,492
Tootsie Roll Industries, Inc.(c)
 
27,831
921,206
TreeHouse Foods, Inc.(b)
 
99,513
3,417,276
United Natural Foods, Inc.(b)(c)
 
2,456,450
60,993,654
Universal Corp.
 
67,837
3,874,849
USANA Health Sciences, Inc.(b)
 
27,976
1,077,915
WD-40 Co.
 
2,781
770,587
WK Kellogg Co.
 
188,366
3,918,013
 
 
153,812,637
Energy-8.19%
Archrock, Inc.
 
67,663
1,733,526
Bristow Group, Inc.(b)
 
50,316
1,923,077
Cactus, Inc., Class A
 
24,659
1,693,087
California Resources Corp.
 
58,779
3,477,366
Comstock Resources, Inc.(c)
 
169,822
2,644,129
CONSOL Energy, Inc.(c)
 
29,759
3,889,501
Core Laboratories, Inc.(c)
 
37,204
757,101
CVR Energy, Inc.(c)
 
486,429
9,412,401
Dorian LPG Ltd.(c)
 
20,076
491,260
Green Plains, Inc.(b)(c)
 
284,236
3,069,749
Helix Energy Solutions Group, Inc.(b)(c)
 
182,913
1,955,340
Helmerich & Payne, Inc.(c)
 
115,128
3,986,883
Innovex International, Inc.(b)(c)
 
39,544
643,381
Liberty Energy, Inc., Class A
 
291,125
5,356,700
Magnolia Oil & Gas Corp., Class A(c)
 
67,648
1,876,555
Nabors Industries Ltd.(b)(c)
 
58,643
4,306,155
Northern Oil and Gas, Inc.(c)
 
70,389
3,061,218
Oceaneering International, Inc.(b)
 
139,067
4,169,229
Par Pacific Holdings, Inc.(b)
 
589,663
10,277,826
Patterson-UTI Energy, Inc.
 
870,529
7,312,444
Peabody Energy Corp.
 
242,167
5,775,683
ProPetro Holding Corp.(b)(c)
 
261,520
2,196,768
REX American Resources Corp.(b)
 
20,158
873,043
RPC, Inc.(c)
 
316,187
2,036,244
SM Energy Co.(c)
 
79,332
3,585,013
Talos Energy, Inc.(b)(c)
 
197,172
2,218,185
Tidewater, Inc.(b)(c)
 
21,758
1,125,324
Vital Energy, Inc.(b)(c)
 
86,675
2,845,540
World Kinect Corp.(c)
 
1,995,970
57,783,331
 
 
150,476,059
Financials-12.69%
Ambac Financial Group, Inc.(b)
 
34,995
449,336
Ameris Bancorp(c)
 
31,210
2,193,439
AMERISAFE, Inc.
 
7,784
459,412
Apollo Commercial Real Estate Finance,
Inc.(c)
 
110,597
1,023,022
Arbor Realty Trust, Inc.(c)
 
134,276
1,969,829
Artisan Partners Asset Management, Inc.,
Class A(c)
 
33,657
1,642,125
Assured Guaranty Ltd.
 
14,135
1,318,513
Atlantic Union Bankshares Corp.(c)
 
39,458
1,674,203
Axos Financial, Inc.(b)
 
35,618
2,950,951
Banc of California, Inc.
 
103,822
1,788,853
BancFirst Corp.
 
9,930
1,253,960
Bancorp, Inc. (The)(b)
 
16,169
944,755
 
Shares
Value
Financials-(continued)
Bank of Hawaii Corp.
 
19,700
$1,555,906
BankUnited, Inc.
 
70,422
2,962,654
Banner Corp.(c)
 
17,029
1,270,193
Berkshire Hills Bancorp, Inc.
 
27,853
848,959
BGC Group, Inc., Class A
 
276,517
2,693,276
Blackstone Mortgage Trust, Inc.,
Class A(c)
 
127,035
2,441,613
Bread Financial Holdings, Inc.
 
129,119
7,596,071
BrightSphere Investment Group, Inc.
 
23,233
724,405
Brookline Bancorp, Inc.
 
77,908
980,862
Capitol Federal Financial, Inc.
 
81,577
544,934
Cathay General Bancorp
 
40,355
2,098,864
Central Pacific Financial Corp.
 
15,502
494,824
City Holding Co.(c)
 
3,747
492,056
Cohen & Steers, Inc.(c)
 
6,509
681,232
Comerica, Inc.
 
111,570
8,060,932
Community Financial System, Inc.(c)
 
18,649
1,291,070
Customers Bancorp, Inc.(b)(c)
 
38,038
2,147,245
CVB Financial Corp.(c)
 
48,182
1,128,422
Dime Community Bancshares, Inc.(c)
 
32,245
1,156,951
Donnelley Financial Solutions, Inc.(b)(c)
 
14,331
863,443
Eagle Bancorp, Inc.
 
39,218
1,151,440
Ellington Financial, Inc.
 
37,221
460,052
Employers Holdings, Inc.
 
22,458
1,198,359
Encore Capital Group, Inc.(b)(c)
 
32,003
1,574,068
Enova International, Inc.(b)
 
37,278
3,933,202
EVERTEC, Inc.
 
28,980
1,043,280
EZCORP, Inc., Class A(b)(c)
 
135,781
1,737,997
FB Financial Corp.(c)
 
20,162
1,138,145
First Bancorp
 
73,234
1,514,479
First Bancorp/Southern Pines NC
 
16,287
770,375
First Commonwealth Financial Corp.
 
49,843
938,544
First Financial Bancorp
 
58,248
1,720,063
First Hawaiian, Inc.(c)
 
63,451
1,751,882
Franklin BSP Realty Trust, Inc.(c)
 
50,080
655,046
Fulton Financial Corp.(c)
 
113,829
2,456,430
Genworth Financial, Inc., Class A(b)
 
1,289,289
10,056,454
Goosehead Insurance, Inc., Class A(b)(c)
 
3,814
481,022
Green Dot Corp., Class A(b)
 
170,679
1,752,873
HA Sustainable Infrastructure Capital,
Inc.(c)
 
13,415
420,694
Hanmi Financial Corp.
 
27,223
720,048
HCI Group, Inc.(c)
 
8,641
1,053,079
Heritage Financial Corp.
 
17,281
457,082
Hilltop Holdings, Inc.
 
58,574
1,853,867
Hope Bancorp, Inc.
 
107,511
1,464,300
Horace Mann Educators Corp.
 
57,037
2,388,139
Independent Bank Corp.
 
19,332
1,399,443
Independent Bank Group, Inc.
 
21,280
1,424,058
Jackson Financial, Inc., Class A
 
65,983
6,610,837
KKR Real Estate Finance Trust, Inc.(c)
 
65,084
756,927
Lakeland Financial Corp.(c)
 
7,980
586,211
Lincoln National Corp.(c)
 
702,223
24,957,005
Mercury General Corp.
 
108,347
8,555,079
Moelis & Co., Class A
 
17,742
1,365,779
Mr. Cooper Group, Inc.(b)
 
27,226
2,686,389
National Bank Holdings Corp., Class A
 
17,729
846,382
Navient Corp.
 
382,704
5,962,528
NBT Bancorp, Inc.
 
20,732
1,039,088
NCR Atleos Corp.(b)(c)
 
195,321
6,408,482
New York Mortgage Trust, Inc.(c)
 
80,000
491,200
NMI Holdings, Inc., Class A(b)
 
18,524
740,775
See accompanying notes which are an integral part of this schedule.
Invesco S&P SmallCap 600 Revenue ETF (RWJ)—(continued)
November 30, 2024
(Unaudited)
 
Shares
Value
Financials-(continued)
Northwest Bancshares, Inc.
 
66,078
$970,025
OFG Bancorp
 
23,623
1,072,957
Pacific Premier Bancorp, Inc.
 
35,073
996,073
Palomar Holdings, Inc.(b)(c)
 
5,846
633,122
Park National Corp.(c)
 
4,324
823,117
Pathward Financial, Inc.
 
14,214
1,192,270
Payoneer Global, Inc.(b)
 
160,177
1,747,531
PennyMac Mortgage Investment Trust(c)
 
133,086
1,808,639
Piper Sandler Cos.
 
6,830
2,342,622
PJT Partners, Inc., Class A
 
12,984
2,173,002
PRA Group, Inc.(b)
 
56,768
1,203,482
Preferred Bank(c)
 
7,934
748,414
ProAssurance Corp.(b)
 
109,994
1,839,100
PROG Holdings, Inc.
 
64,357
3,131,612
Provident Financial Services, Inc.
 
54,754
1,156,404
Radian Group, Inc.
 
47,969
1,716,811
Ready Capital Corp.(c)
 
183,704
1,353,898
Redwood Trust, Inc.
 
128,752
921,864
Renasant Corp.
 
37,844
1,423,691
S&T Bancorp, Inc.(c)
 
16,341
699,231
Safety Insurance Group, Inc.
 
15,012
1,288,630
Seacoast Banking Corp. of Florida
 
35,885
1,075,115
ServisFirst Bancshares, Inc.(c)
 
14,616
1,399,920
Simmons First National Corp., Class A
 
85,521
2,091,844
SiriusPoint Ltd. (Sweden)(b)
 
250,517
3,862,972
Southside Bancshares, Inc.
 
15,758
553,421
Stellar Bancorp, Inc.
 
28,878
895,507
StepStone Group, Inc., Class A
 
17,149
1,129,948
Stewart Information Services Corp.
 
38,359
2,880,377
StoneX Group, Inc.(b)
 
28,670
2,974,799
Tompkins Financial Corp.
 
7,381
563,244
Triumph Financial, Inc.(b)(c)
 
7,358
787,968
Trupanion, Inc.(b)(c)
 
31,818
1,696,218
TrustCo Bank Corp.
 
9,491
353,445
Trustmark Corp.
 
36,384
1,422,978
Two Harbors Investment Corp.(c)
 
76,143
894,680
United Community Banks, Inc.
 
61,222
2,069,916
United Fire Group, Inc., (Acquired
06/19/2020 - 11/26/2024;
Cost $1,664,792)(e)
 
70,407
2,154,454
Veritex Holdings, Inc.
 
39,055
1,187,663
Virtu Financial, Inc., Class A
 
91,184
3,402,075
Virtus Investment Partners, Inc.
 
5,322
1,314,374
WaFd, Inc.
 
46,670
1,707,189
Walker & Dunlop, Inc.
 
11,851
1,305,743
Westamerica Bancorporation
 
7,977
456,524
WisdomTree, Inc.(c)
 
49,605
592,780
World Acceptance Corp.(b)(c)
 
5,977
722,739
WSFS Financial Corp.
 
32,867
1,972,677
 
 
232,934,478
Health Care-5.44%
AdaptHealth Corp.(b)(c)
 
375,771
3,768,983
Addus HomeCare Corp.(b)(c)
 
10,565
1,297,805
ADMA Biologics, Inc.(b)
 
22,468
451,831
Alkermes PLC(b)(c)
 
67,919
1,971,009
AMN Healthcare Services, Inc.(b)(c)
 
87,143
2,268,332
Amphastar Pharmaceuticals, Inc.(b)(c)
 
18,260
825,169
ANI Pharmaceuticals, Inc.(b)(c)
 
11,334
648,645
Arcus Biosciences, Inc.(b)(c)
 
16,993
262,372
Artivion, Inc.(b)
 
18,386
542,755
Astrana Health, Inc.(b)(c)
 
36,176
1,564,612
Avanos Medical, Inc.(b)
 
34,954
669,719
 
Shares
Value
Health Care-(continued)
BioLife Solutions, Inc.(b)(c)
 
6,221
$170,891
Catalyst Pharmaceuticals, Inc.(b)
 
26,439
583,509
Certara, Inc.(b)
 
40,873
458,186
Collegium Pharmaceutical, Inc.(b)(c)
 
18,920
577,060
CONMED Corp.(c)
 
20,813
1,540,994
Corcept Therapeutics, Inc.(b)(c)
 
18,406
1,061,658
CorVel Corp.(b)
 
3,385
1,236,879
Cytek Biosciences, Inc.(b)(c)
 
49,531
323,437
Dynavax Technologies Corp.(b)(c)
 
27,471
353,277
Embecta Corp.
 
90,937
1,894,218
Fortrea Holdings, Inc.(b)(c)
 
169,134
3,560,271
Fulgent Genetics, Inc.(b)(c)
 
15,976
292,361
Glaukos Corp.(b)(c)
 
3,344
480,366
Harmony Biosciences Holdings, Inc.(b)(c)
 
20,808
721,413
HealthStream, Inc.(c)
 
12,167
402,728
ICU Medical, Inc.(b)
 
16,079
2,636,313
Inari Medical, Inc.(b)(c)
 
14,500
752,840
Innoviva, Inc.(b)(c)
 
21,425
406,861
Inspire Medical Systems, Inc.(b)(c)
 
4,242
817,688
Integer Holdings Corp.(b)(c)
 
16,416
2,306,448
Integra LifeSciences Holdings Corp.(b)(c)
 
111,711
2,745,856
Ironwood Pharmaceuticals, Inc.(b)
 
107,901
379,811
Krystal Biotech, Inc.(b)(c)
 
983
194,064
LeMaitre Vascular, Inc.
 
2,851
305,028
Ligand Pharmaceuticals, Inc.(b)(c)
 
1,518
184,391
Merit Medical Systems, Inc.(b)
 
16,814
1,746,975
Mesa Laboratories, Inc.
 
2,240
262,394
Myriad Genetics, Inc.(b)
 
35,838
583,084
National HealthCare Corp.(c)
 
11,412
1,428,782
NeoGenomics, Inc.(b)(c)
 
47,197
836,803
OmniAb Operations, Inc., Rts., expiring
11/02/2027(b)(c)(f)
 
785
0
OmniAb Operations, Inc., Rts., expiring
11/02/2027(b)(f)
 
785
0
Omnicell, Inc.(b)
 
30,783
1,434,180
Organon & Co.
 
393,156
6,239,386
Owens & Minor, Inc.(b)
 
847,177
11,411,474
Pacira BioSciences, Inc.(b)(c)
 
64,770
1,095,261
Patterson Cos., Inc.(c)
 
376,901
8,099,602
Pediatrix Medical Group, Inc.(b)
 
232,620
3,479,995
Phibro Animal Health Corp., Class A
 
56,934
1,330,548
Premier, Inc., Class A
 
82,671
1,893,166
Prestige Consumer Healthcare, Inc.(b)
 
18,492
1,567,567
Privia Health Group, Inc.(b)(c)
 
111,479
2,394,569
Progyny, Inc.(b)(c)
 
57,691
898,249
Protagonist Therapeutics, Inc.(b)(c)
 
11,141
487,976
QuidelOrtho Corp.(b)
 
79,140
3,244,740
RadNet, Inc.(b)
 
31,491
2,574,704
REGENXBIO, Inc.(b)(c)
 
8,502
84,340
Schrodinger, Inc.(b)(c)
 
11,890
268,357
Select Medical Holdings Corp.(c)
 
246,656
5,206,908
Simulations Plus, Inc.(c)
 
2,575
81,808
STAAR Surgical Co., (Acquired
09/15/2023 - 11/26/2024;
Cost $467,285)(b)(c)(e)
 
12,610
366,951
Supernus Pharmaceuticals, Inc.(b)(c)
 
24,971
913,189
Tandem Diabetes Care, Inc.(b)(c)
 
22,287
682,651
TG Therapeutics, Inc.(b)(c)
 
18,007
626,644
U.S. Physical Therapy, Inc.
 
9,080
896,741
UFP Technologies, Inc.(b)(c)
 
1,630
526,360
Vericel Corp.(b)(c)
 
5,811
337,852
See accompanying notes which are an integral part of this schedule.
Invesco S&P SmallCap 600 Revenue ETF (RWJ)—(continued)
November 30, 2024
(Unaudited)
 
Shares
Value
Health Care-(continued)
Vir Biotechnology, Inc.(b)
 
11,947
$95,098
Xencor, Inc.(b)(c)
 
7,654
195,942
 
 
99,950,076
Industrials-19.52%
AAR Corp.(b)
 
43,241
3,006,114
ABM Industries, Inc.
 
201,838
11,539,078
AeroVironment, Inc.(b)(c)
 
4,795
932,628
Air Lease Corp., Class A
 
73,455
3,738,860
Alamo Group, Inc.
 
11,695
2,338,415
Alaska Air Group, Inc.(b)
 
317,721
16,712,125
Albany International Corp., Class A
 
18,029
1,494,604
Allegiant Travel Co.(c)
 
75,496
6,178,593
American Woodmark Corp.(b)(c)
 
25,404
2,306,175
Apogee Enterprises, Inc.
 
26,401
2,223,228
ArcBest Corp.
 
51,985
5,992,831
Arcosa, Inc.(c)
 
33,930
3,686,155
Armstrong World Industries, Inc.
 
13,242
2,116,469
Astec Industries, Inc.
 
51,535
1,989,766
AZZ, Inc.
 
24,742
2,304,470
Barnes Group, Inc.
 
51,901
2,431,043
Boise Cascade Co.
 
64,337
9,496,141
Brady Corp., Class A
 
23,470
1,757,668
CoreCivic, Inc.(b)(c)
 
187,114
4,178,256
CSG Systems International, Inc.
 
31,047
1,701,686
CSW Industrials, Inc.
 
3,006
1,269,704
Deluxe Corp.
 
136,424
3,160,944
DNOW, Inc.(b)
 
239,554
3,605,288
DXP Enterprises, Inc.(b)
 
42,063
3,081,956
Dycom Industries, Inc.(b)
 
29,904
5,417,409
Enerpac Tool Group Corp.
 
17,696
854,009
Enpro, Inc.
 
8,340
1,577,094
Enviri Corp.(b)
 
275,138
2,036,021
ESCO Technologies, Inc.
 
10,312
1,530,404
Federal Signal Corp.(c)
 
25,929
2,525,744
Forward Air Corp.(c)
 
68,163
2,500,900
Franklin Electric Co., Inc.
 
25,847
2,799,230
Gates Industrial Corp. PLC(b)
 
254,312
5,635,554
GEO Group, Inc. (The)(b)
 
236,993
6,756,670
Gibraltar Industries, Inc.(b)
 
24,508
1,775,360
GMS, Inc.(b)
 
81,151
8,143,503
Granite Construction, Inc.(c)
 
62,659
6,226,425
Greenbrier Cos., Inc. (The)
 
92,359
6,280,412
Griffon Corp.
 
49,570
4,178,751
Hayward Holdings, Inc.(b)
 
90,361
1,460,234
Healthcare Services Group, Inc.(b)
 
188,440
2,325,350
Heartland Express, Inc.
 
113,333
1,447,262
Heidrick & Struggles International, Inc.
 
35,788
1,651,258
Hertz Global Holdings, Inc.(b)(c)
 
3,903,716
19,206,283
Hillenbrand, Inc.(c)
 
143,081
4,869,046
HNI Corp.
 
63,697
3,608,435
Hub Group, Inc., Class A
 
111,180
5,741,335
Insteel Industries, Inc.
 
21,513
634,203
Interface, Inc.
 
84,011
2,230,492
JetBlue Airways Corp.(b)(c)
 
1,976,973
11,802,529
John Bean Technologies Corp.(c)
 
22,844
2,878,801
Kelly Services, Inc., Class A
 
262,891
3,851,353
Kennametal, Inc.(c)
 
101,440
2,911,328
Korn Ferry
 
48,884
3,829,573
Lindsay Corp.
 
6,366
845,214
Liquidity Services, Inc.(b)
 
18,504
473,147
Marten Transport Ltd.
 
74,562
1,295,888
MasterBrand, Inc.(b)
 
202,985
3,511,641
 
Shares
Value
Industrials-(continued)
Matson, Inc.
 
30,280
$4,638,290
Matthews International Corp., Class A
 
94,678
2,855,488
Mercury Systems, Inc.(b)(c)
 
27,013
1,111,045
MillerKnoll, Inc.
 
168,635
4,239,484
Moog, Inc., Class A
 
22,962
5,080,802
MYR Group, Inc.(b)(c)
 
46,165
7,289,453
National Presto Industries, Inc.
 
5,453
434,713
NV5 Global, Inc.(b)
 
48,999
1,066,218
OPENLANE, Inc.(b)(c)
 
124,638
2,517,688
Pitney Bowes, Inc.(c)
 
606,396
4,887,552
Powell Industries, Inc.(c)
 
6,936
1,854,548
Proto Labs, Inc.(b)(c)
 
21,237
874,752
Quanex Building Products Corp.(c)
 
48,364
1,439,313
Resideo Technologies, Inc.(b)(c)
 
409,582
11,132,439
Robert Half, Inc.(c)
 
119,445
8,911,791
Rush Enterprises, Inc., Class A
 
195,754
12,126,960
RXO, Inc.(b)(c)
 
185,461
5,591,649
Schneider National, Inc., Class B(c)
 
243,834
8,195,261
SkyWest, Inc.(b)
 
51,545
5,914,273
SPX Technologies, Inc.(b)
 
15,547
2,743,113
Standex International Corp.
 
5,217
1,084,562
Sun Country Airlines Holdings, Inc.(b)(c)
 
120,417
1,732,801
Sunrun, Inc.(b)(c)
 
140,946
1,625,107
Tennant Co.
 
16,947
1,497,606
Titan International, Inc.(b)(c)
 
270,161
1,977,579
Trinity Industries, Inc.
 
129,948
4,899,040
Triumph Group, Inc.(b)(c)
 
118,350
2,278,238
UniFirst Corp.
 
15,716
3,156,873
Verra Mobility Corp., Class A(b)(c)
 
38,634
914,080
Vestis Corp.
 
237,637
3,821,203
Viad Corp.(b)
 
49,070
2,194,410
Vicor Corp.(b)(c)
 
12,359
657,622
Wabash National Corp.(c)
 
147,909
2,933,035
Werner Enterprises, Inc.(c)
 
106,652
4,359,934
Zurn Elkay Water Solutions Corp.(c)
 
58,407
2,325,767
 
 
358,415,744
Information Technology-7.39%
A10 Networks, Inc.
 
22,609
385,483
ACI Worldwide, Inc.(b)
 
39,248
2,230,071
Adeia, Inc.
 
36,961
447,967
Advanced Energy Industries, Inc.(c)
 
19,044
2,190,822
Agilysys, Inc.(b)(c)
 
2,976
399,677
Alarm.com Holdings, Inc.(b)(c)
 
20,118
1,310,486
Alpha & Omega Semiconductor Ltd.(b)
 
21,651
897,867
Arlo Technologies, Inc.(b)(c)
 
53,110
595,894
Axcelis Technologies, Inc.(b)
 
13,302
987,540
Badger Meter, Inc.
 
4,574
991,735
Benchmark Electronics, Inc.
 
81,974
3,974,919
BlackLine, Inc.(b)
 
15,355
952,164
Box, Inc., Class A(b)(c)
 
39,102
1,372,089
Calix, Inc.(b)(c)
 
32,591
1,060,185
CEVA, Inc.(b)(c)
 
4,841
143,971
Clear Secure, Inc., Class A
 
28,370
734,216
Cohu, Inc.(b)(c)
 
24,540
647,856
Corsair Gaming, Inc.(b)(c)
 
273,796
2,012,401
CTS Corp.(c)
 
13,528
742,822
Digi International, Inc.(b)(c)
 
19,910
661,410
DigitalOcean Holdings, Inc.(b)(c)
 
22,436
854,363
Diodes, Inc.(b)(c)
 
27,041
1,757,665
DoubleVerify Holdings, Inc.(b)
 
43,353
881,366
DXC Technology Co.(b)
 
794,064
17,866,440
ePlus, Inc.(b)(c)
 
29,694
2,401,057
See accompanying notes which are an integral part of this schedule.
Invesco S&P SmallCap 600 Revenue ETF (RWJ)—(continued)
November 30, 2024
(Unaudited)
 
Shares
Value
Information Technology-(continued)
Extreme Networks, Inc.(b)
 
92,626
$1,537,592
FormFactor, Inc.(b)(c)
 
19,679
788,341
Harmonic, Inc.(b)
 
50,994
653,743
Ichor Holdings Ltd.(b)
 
33,940
1,111,874
Impinj, Inc.(b)(c)
 
2,138
410,945
Insight Enterprises, Inc.(b)(c)
 
54,135
8,469,421
InterDigital, Inc.(c)
 
6,658
1,304,702
Itron, Inc.(b)
 
28,564
3,385,691
Knowles Corp.(b)(c)
 
56,267
1,094,956
Kulicke & Soffa Industries, Inc.
(Singapore)(c)
 
22,229
1,076,328
LiveRamp Holdings, Inc.(b)
 
32,058
973,281
MARA Holdings, Inc.(b)(c)
 
43,192
1,184,325
MaxLinear, Inc.(b)
 
38,431
581,461
N-able, Inc.(b)
 
44,215
461,605
NCR Voyix Corp.(b)(c)
 
345,908
5,019,125
NetScout Systems, Inc.(b)
 
49,852
1,090,762
OSI Systems, Inc.(b)(c)
 
13,184
2,338,842
PC Connection, Inc.(c)
 
47,789
3,468,526
PDF Solutions, Inc.(b)
 
6,996
221,074
Penguin Solutions, Inc.(b)(c)
 
74,561
1,352,537
Photronics, Inc.(b)
 
45,355
1,129,793
Plexus Corp.(b)(c)
 
39,499
6,493,636
Progress Software Corp.(c)
 
15,101
1,033,059
Rogers Corp.(b)(c)
 
10,182
1,054,652
Sanmina Corp.(b)
 
142,622
11,325,613
ScanSource, Inc.(b)(c)
 
87,897
4,430,888
Semtech Corp.(b)(c)
 
24,211
1,550,472
SiTime Corp.(b)
 
1,259
267,386
SolarEdge Technologies, Inc.(b)(c)
 
94,385
1,491,283
SolarWinds Corp.
 
76,254
1,017,991
Sprinklr, Inc., Class A(b)(c)
 
119,927
988,198
SPS Commerce, Inc.(b)
 
3,726
719,379
TTM Technologies, Inc.(b)
 
160,866
3,921,913
Ultra Clean Holdings, Inc.(b)
 
67,291
2,585,993
Veeco Instruments, Inc.(b)(c)
 
27,589
768,905
Viasat, Inc.(b)(c)
 
451,051
4,208,306
Viavi Solutions, Inc.(b)(c)
 
146,900
1,460,186
Wolfspeed, Inc.(b)(c)
 
114,272
1,094,726
Xerox Holdings Corp.(c)
 
786,902
7,192,284
 
 
135,760,260
Materials-5.19%
AdvanSix, Inc.
 
67,897
2,204,616
Alpha Metallurgical Resources, Inc.(c)
 
19,921
4,892,000
Arch Resources, Inc.(c)
 
27,591
4,743,445
ATI, Inc.(b)
 
85,441
5,140,985
Balchem Corp.
 
6,705
1,210,387
Carpenter Technology Corp.
 
24,564
4,766,398
Century Aluminum Co.(b)
 
195,989
4,474,429
H.B. Fuller Co.
 
55,517
4,268,702
Hawkins, Inc.(c)
 
9,636
1,296,138
Ingevity Corp.(b)(c)
 
50,031
2,430,006
Innospec, Inc.
 
21,660
2,569,093
Kaiser Aluminum Corp.
 
54,370
4,419,194
Koppers Holdings, Inc.
 
71,418
2,746,736
Materion Corp.
 
19,289
2,230,194
Mativ Holdings, Inc., Class A
 
132,524
1,742,691
Metallus, Inc.(b)(c)
 
107,641
1,794,375
Minerals Technologies, Inc.
 
36,759
2,998,432
MP Materials Corp.(b)(c)
 
15,472
325,995
O-I Glass, Inc.(b)(c)
 
665,732
8,388,223
Quaker Chemical Corp.(c)
 
14,309
2,256,529
 
Shares
Value
Materials-(continued)
Sealed Air Corp.
 
206,154
$7,545,236
Sensient Technologies Corp.
 
24,771
1,923,220
Stepan Co.
 
37,173
2,858,604
SunCoke Energy, Inc.
 
319,733
3,983,873
Sylvamo Corp.(c)
 
59,914
5,529,463
Warrior Met Coal, Inc.(c)
 
38,163
2,683,622
Worthington Steel, Inc.
 
130,275
5,841,531
 
 
95,264,117
Real Estate-2.93%
Acadia Realty Trust
 
19,298
498,853
Alexander & Baldwin, Inc.
 
13,569
267,038
American Assets Trust, Inc.
 
20,468
582,110
Apple Hospitality REIT, Inc.
 
121,295
1,954,062
Armada Hoffler Properties, Inc.
 
75,626
835,667
Brandywine Realty Trust(c)
 
117,379
657,322
CareTrust REIT, Inc.
 
9,849
293,402
Centerspace
 
4,361
316,173
Curbline Properties Corp.(b)
 
19,284
467,830
Cushman & Wakefield PLC(b)(c)
 
873,386
13,362,806
DiamondRock Hospitality Co.
 
159,776
1,482,721
Douglas Emmett, Inc.(c)
 
73,697
1,426,774
Easterly Government Properties, Inc.
 
26,125
321,860
Elme Communities
 
15,820
267,991
Essential Properties Realty Trust, Inc.(c)
 
15,079
514,194
eXp World Holdings, Inc.(c)
 
387,782
5,370,781
Four Corners Property Trust, Inc.(c)
 
10,664
316,827
Getty Realty Corp.(c)
 
7,492
246,337
Global Net Lease, Inc.(c)
 
101,081
749,010
Highwoods Properties, Inc.
 
31,157
1,011,356
Hudson Pacific Properties, Inc.(c)
 
219,450
844,883
Innovative Industrial Properties, Inc.(c)
 
3,000
327,060
JBG SMITH Properties, (Acquired
03/17/2023 - 11/26/2024;
Cost $563,255)(c)(e)
 
39,080
667,877
Kennedy-Wilson Holdings, Inc.
 
59,074
684,077
LTC Properties, Inc.
 
6,628
255,775
LXP Industrial Trust
 
41,236
385,557
Macerich Co. (The)(c)
 
66,062
1,401,175
Marcus & Millichap, Inc.(c)
 
18,884
785,763
Medical Properties Trust, Inc.(c)
 
139,483
612,330
NexPoint Residential Trust, Inc.
 
7,262
341,822
Outfront Media, Inc.(c)
 
133,874
2,571,720
Pebblebrook Hotel Trust(c)
 
138,429
1,917,242
Phillips Edison & Co., Inc.
 
20,016
790,632
Retail Opportunity Investments Corp.(c)
 
25,834
449,512
Safehold, Inc.(c)
 
17,453
372,796
Saul Centers, Inc.
 
7,933
326,126
Service Properties Trust(c)
 
504,539
1,402,618
SITE Centers Corp.
 
9,699
150,528
SL Green Realty Corp.
 
15,055
1,177,150
St. Joe Co. (The)
 
8,086
413,033
Summit Hotel Properties, Inc.(c)
 
141,478
930,925
Sunstone Hotel Investors, Inc.
 
112,941
1,214,116
Tanger, Inc.
 
19,207
710,083
Uniti Group, Inc.(c)
 
258,158
1,525,714
Universal Health Realty Income Trust
 
2,638
111,297
Urban Edge Properties
 
24,999
575,227
Veris Residential, Inc.
 
19,090
348,393
Whitestone REIT
 
13,824
203,489
Xenia Hotels & Resorts, Inc.
 
90,672
1,394,535
 
 
53,834,569
See accompanying notes which are an integral part of this schedule.
Invesco S&P SmallCap 600 Revenue ETF (RWJ)—(continued)
November 30, 2024
(Unaudited)
 
Shares
Value
Utilities-0.71%
American States Water Co.
 
8,373
$714,301
Avista Corp.
 
61,689
2,386,747
California Water Service Group
 
22,053
1,128,893
Chesapeake Utilities Corp.
 
7,322
964,674
Clearway Energy, Inc., Class A
 
33,641
935,556
Clearway Energy, Inc., Class C
 
31,132
918,083
MGE Energy, Inc.
 
8,948
933,097
Middlesex Water Co.
 
3,339
218,487
Northwest Natural Holding Co.
 
35,285
1,546,189
Otter Tail Corp.(c)
 
22,597
1,822,222
SJW Group
 
14,497
807,773
Unitil Corp.
 
10,243
614,785
 
 
12,990,807
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.94%
(Cost $1,479,728,558)
1,835,017,536
 
Shares
Value
Investments Purchased with Cash Collateral from Securities
on Loan
Money Market Funds-23.97%
Invesco Private Government Fund,
4.63%(g)(h)(i)
 
123,320,006
$123,320,006
Invesco Private Prime Fund, 4.71%(g)(h)(i)
 
316,835,157
316,930,208
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $440,264,584)
440,250,214
TOTAL INVESTMENTS IN SECURITIES-123.91%
(Cost $1,919,993,142)
2,275,267,750
OTHER ASSETS LESS LIABILITIES-(23.91)%
(439,107,556
)
NET ASSETS-100.00%
$1,836,160,194
 
Investment Abbreviations:
REIT
-Real Estate Investment Trust
Rts.
-Rights
 
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)
Non-income producing security.
(c)
All or a portion of this security was out on loan at November 30, 2024.
(d)
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The value of this security at November 30,
2024 represented less than 1% of the Fund’s Net Assets.
(e)
Restricted security. The aggregate value of these securities at November 30, 2024 was $3,189,282, which represented less than 1% of the Fund’s Net Assets.
(f)
Security valued using significant unobservable inputs (Level 3). See Note 1.
(g)
Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the three months ended 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
$719,245
$9,980,546
$(10,699,791
)
$-
$-
$-
$8,736
Investments Purchased
with Cash Collateral
from Securities on Loan:
Invesco Private
Government Fund
103,441,240
164,736,568
(144,857,802
)
-
-
123,320,006
1,442,369
*
Invesco Private Prime
Fund
274,073,776
363,107,004
(320,217,782
)
(39,026
)
6,236
316,930,208
3,846,843
*
Total
$378,234,261
$537,824,118
$(475,775,375
)
$(39,026
)
$6,236
$440,250,214
$5,297,948
 
*
Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from
borrowers, if any.
 
(h)
The rate shown is the 7-day SEC standardized yield as of November 30, 2024.
(i)
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.  
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments(a)
Invesco S&P Ultra Dividend Revenue ETF (RDIV)
November 30, 2024
(Unaudited)
 
 
Shares
Value
Common Stocks & Other Equity Interests-99.44%
Communication Services-2.08%
Interpublic Group of Cos., Inc. (The)
 
588,498
$18,131,623
Consumer Discretionary-11.35%
Best Buy Co., Inc.(b)
 
440,580
39,652,200
Carter’s, Inc.(b)
 
70,592
3,852,206
Ford Motor Co.
 
3,689,256
41,061,419
Hasbro, Inc.(b)
 
110,893
7,224,679
Travel + Leisure Co.
 
129,430
7,231,254
 
 
99,021,758
Consumer Staples-12.14%
Conagra Brands, Inc.(b)
 
656,145
18,076,795
Flowers Foods, Inc.
 
371,154
8,395,503
Kraft Heinz Co. (The)
 
1,183,763
37,844,903
Philip Morris International, Inc.
 
312,253
41,548,384
 
 
105,865,585
Energy-7.44%
Chevron Corp.
 
275,622
44,631,470
DT Midstream, Inc.
 
17,640
1,871,957
Williams Cos., Inc. (The)
 
314,223
18,388,330
 
 
64,891,757
Financials-23.88%
Associated Banc-Corp
 
153,684
4,101,826
Citizens Financial Group, Inc.
 
482,171
23,211,712
First Horizon Corp.
 
471,613
9,965,183
Franklin Resources, Inc.(b)
 
657,444
14,963,425
Huntington Bancshares, Inc.
 
1,206,268
21,724,887
Invesco Ltd.(c)
 
528,051
9,552,443
Janus Henderson Group PLC
 
93,072
4,214,300
Prudential Financial, Inc.(b)
 
330,784
42,806,758
Regions Financial Corp.
 
626,459
17,077,272
T. Rowe Price Group, Inc.(b)
 
97,846
12,117,249
U.S. Bancorp
 
855,877
45,609,685
United Bankshares, Inc.
 
68,242
2,884,589
 
 
208,229,329
Health Care-8.52%
Bristol-Myers Squibb Co.
 
783,583
46,403,785
Viatris, Inc.
 
2,134,359
27,938,760
 
 
74,342,545
Materials-7.82%
Amcor PLC
 
1,987,028
21,141,978
Chemours Co. (The)(b)
 
497,318
10,811,693
International Paper Co.(b)
 
615,580
36,214,572
 
 
68,168,243
Real Estate-5.89%
Agree Realty Corp.
 
12,538
962,918
Brixmor Property Group, Inc.
 
72,866
2,191,081
COPT Defense Properties(b)
 
36,709
1,209,561
Cousins Properties, Inc.
 
42,052
1,334,729
CubeSmart(b)
 
34,848
1,727,067
Equity Residential
 
61,471
4,712,367
Extra Space Storage, Inc.(b)
 
30,244
5,170,514
Federal Realty Investment Trust(b)
 
16,503
1,925,075
 
Shares
Value
Real Estate-(continued)
Kimco Realty Corp.
 
129,061
$3,300,090
Kite Realty Group Trust(b)
 
51,494
1,419,690
Lamar Advertising Co., Class A(b)
 
25,684
3,442,170
Mid-America Apartment Communities,
Inc.(b)
 
22,469
3,688,511
NNN REIT, Inc.(b)
 
28,900
1,271,022
Park Hotels & Resorts, Inc.(b)
 
309,613
4,814,482
PotlatchDeltic Corp.
 
40,558
1,818,621
Regency Centers Corp.(b)
 
31,716
2,397,412
Simon Property Group, Inc.
 
54,298
9,969,113
 
 
51,354,423
Utilities-20.32%
ALLETE, Inc.
 
38,581
2,503,135
Black Hills Corp.
 
56,791
3,638,600
Duke Energy Corp.(b)
 
348,406
40,780,922
Entergy Corp.
 
141,576
22,109,924
Evergy, Inc.
 
147,700
9,545,851
Eversource Energy
 
273,966
17,668,067
Exelon Corp.
 
901,271
35,654,281
FirstEnergy Corp.(b)
 
482,804
20,543,310
NorthWestern Energy Group, Inc.
 
43,092
2,380,402
OGE Energy Corp.
 
109,064
4,794,454
Pinnacle West Capital Corp.(b)
 
88,002
8,245,788
Portland General Electric Co.(b)
 
97,960
4,694,243
Spire, Inc.
 
64,133
4,693,894
 
 
177,252,871
Total Common Stocks & Other Equity Interests
(Cost $746,550,984)
867,258,134
Money Market Funds-0.07%
Invesco Government & Agency Portfolio,
Institutional Class, 4.57%(c)(d)
(Cost $592,422)
 
592,422
592,422
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.51%
(Cost $747,143,406)
867,850,556
Investments Purchased with Cash Collateral from Securities
on Loan
Money Market Funds-13.57%
Invesco Private Government Fund,
4.63%(c)(d)(e)
 
33,160,164
33,160,164
Invesco Private Prime Fund, 4.71%(c)(d)(e)
 
85,178,899
85,204,453
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $118,364,617)
118,364,617
TOTAL INVESTMENTS IN SECURITIES-113.08%
(Cost $865,508,023)
986,215,173
OTHER ASSETS LESS LIABILITIES-(13.08)%
(114,109,549
)
NET ASSETS-100.00%
$872,105,624
See accompanying notes which are an integral part of this schedule.
Invesco S&P Ultra Dividend Revenue ETF (RDIV)—(continued)
November 30, 2024
(Unaudited)
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
Invesco Ltd.
$8,268,484
$1,450,028
$(639,403
)
$472,828
$506
$9,552,443
$108,250
Investments in Affiliated
Money Market Funds:
Invesco Government &
Agency Portfolio,
Institutional Class
-
13,071,601
(12,479,179
)
-
-
592,422
7,979
Investments Purchased
with Cash Collateral from
Securities on Loan:
Invesco Private
Government Fund
7,109,402
70,124,529
(44,073,767
)
-
-
33,160,164
133,978
*
Invesco Private Prime Fund
18,926,958
176,124,212
(109,844,182
)
(318
)
(2,217
)
85,204,453
356,820
*
Total
$34,304,844
$260,770,370
$(167,036,531
)
$472,510
$(1,711
)
$128,509,482
$607,027
 
*
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.
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 S&P 500 Revenue ETF
Investments in Securities
Common Stocks & Other Equity Interests
$4,346,972,157
$-
$-
$4,346,972,157
Money Market Funds
-
66,082,535
-
66,082,535
Total Investments
$4,346,972,157
$66,082,535
$-
$4,413,054,692
Invesco S&P MidCap 400 Revenue ETF
Investments in Securities
Common Stocks & Other Equity Interests
$949,518,001
$-
$-
$949,518,001
Money Market Funds
-
143,749,266
-
143,749,266
Total Investments
$949,518,001
$143,749,266
$-
$1,093,267,267
Invesco S&P SmallCap 600 Revenue ETF
Investments in Securities
Common Stocks & Other Equity Interests
$1,835,017,536
$-
$0
$1,835,017,536
Money Market Funds
-
440,250,214
-
440,250,214
Total Investments
$1,835,017,536
$440,250,214
$0
$2,275,267,750
Invesco S&P Ultra Dividend Revenue ETF
Investments in Securities
Common Stocks & Other Equity Interests
$867,258,134
$-
$-
$867,258,134
Money Market Funds
592,422
118,364,617
-
118,957,039
Total Investments
$867,850,556
$118,364,617
$-
$986,215,173