NPORT-EX 2 edgar.htm EDGAR HTML
Schedule of Investments(a)
Invesco ESG NASDAQ 100 ETF (QQMG)
November 30, 2024
(Unaudited)
 
 
Shares
Value
Common Stocks & Other Equity Interests-99.92%
Communication Services-12.06%
Alphabet, Inc., Class A
 
7,038
$1,189,070
Alphabet, Inc., Class C
 
6,709
1,143,818
Charter Communications, Inc., Class A(b)(c)
 
476
188,955
Comcast Corp., Class A
 
13,736
593,258
Electronic Arts, Inc.
 
1,437
235,194
Meta Platforms, Inc., Class A
 
1,997
1,146,917
Netflix, Inc.(b)
 
2,149
1,905,755
Take-Two Interactive Software, Inc.(b)(c)
 
858
161,630
T-Mobile US, Inc.
 
3,564
880,094
Trade Desk, Inc. (The), Class A(b)
 
1,613
207,351
Warner Bros. Discovery, Inc.(b)
 
10,940
114,651
 
 
7,766,693
Consumer Discretionary-11.22%
Airbnb, Inc., Class A(b)
 
1,456
198,176
Amazon.com, Inc.(b)
 
8,863
1,842,529
Booking Holdings, Inc.
 
156
811,509
DoorDash, Inc., Class A(b)
 
1,416
255,560
lululemon athletica, inc.(b)
 
616
197,527
Marriott International, Inc., Class A
 
1,132
327,250
MercadoLibre, Inc. (Brazil)(b)
 
181
359,316
O’Reilly Automotive, Inc.(b)
 
334
415,235
PDD Holdings, Inc., ADR (China)(b)
 
1,515
146,288
Ross Stores, Inc.
 
1,552
240,358
Starbucks Corp.
 
4,100
420,086
Tesla, Inc.(b)
 
5,839
2,015,389
 
 
7,229,223
Consumer Staples-4.51%
Coca-Cola Europacific Partners PLC (United
Kingdom)
 
2,470
191,623
Costco Wholesale Corp.
 
1,248
1,212,906
Keurig Dr Pepper, Inc.
 
4,491
146,631
Kraft Heinz Co. (The)
 
1,992
63,684
Mondelez International, Inc., Class A
 
5,076
329,686
Monster Beverage Corp.(b)
 
1,432
78,946
PepsiCo, Inc.
 
5,370
877,727
 
 
2,901,203
Financials-0.66%
PayPal Holdings, Inc.(b)
 
4,919
426,822
Health Care-5.35%
Amgen, Inc.
 
1,911
540,565
AstraZeneca PLC, ADR (United Kingdom)
 
2,254
152,416
Biogen, Inc.(b)
 
581
93,326
DexCom, Inc.(b)
 
1,492
116,361
GE HealthCare Technologies, Inc.
 
933
77,644
Gilead Sciences, Inc.
 
4,652
430,682
IDEXX Laboratories, Inc.(b)
 
399
168,278
Illumina, Inc.(b)(c)
 
681
98,166
Intuitive Surgical, Inc.(b)
 
1,487
805,954
Moderna, Inc.(b)(c)
 
1,586
68,293
Regeneron Pharmaceuticals, Inc.(b)
 
514
385,613
Vertex Pharmaceuticals, Inc.(b)
 
1,090
510,262
 
 
3,447,560
Industrials-4.14%
Automatic Data Processing, Inc.
 
2,070
635,345
Cintas Corp.
 
1,888
426,291
Copart, Inc.(b)
 
4,772
302,497
CSX Corp.
 
7,482
273,467
Fastenal Co.
 
1,746
145,896
 
Shares
Value
Industrials-(continued)
Old Dominion Freight Line, Inc.
 
1,049
$236,172
PACCAR, Inc.
 
1,659
194,103
Paychex, Inc.
 
1,710
250,122
Verisk Analytics, Inc.
 
691
203,299
 
 
2,667,192
Information Technology-59.44%
Adobe, Inc.(b)
 
2,351
1,212,952
Advanced Micro Devices, Inc.(b)
 
8,708
1,194,520
ANSYS, Inc.(b)
 
453
159,048
Apple, Inc.
 
27,907
6,623,168
Applied Materials, Inc.
 
4,789
836,686
ASML Holding N.V., New York Shares
(Netherlands)
 
600
411,966
Atlassian Corp., Class A(b)
 
730
192,413
Autodesk, Inc.(b)
 
1,095
319,631
Broadcom, Inc.
 
19,930
3,230,254
Cadence Design Systems, Inc.(b)
 
1,608
493,351
CDW Corp.
 
886
155,874
Cisco Systems, Inc.
 
22,292
1,319,909
Cognizant Technology Solutions Corp., Class A
 
2,509
201,949
CrowdStrike Holdings, Inc., Class A(b)
 
1,059
366,382
Datadog, Inc., Class A(b)
 
1,515
231,416
Fortinet, Inc.(b)
 
3,700
351,685
GLOBALFOUNDRIES, Inc.(b)(c)
 
2,623
113,445
Intel Corp.
 
21,693
521,717
Intuit, Inc.
 
1,318
845,800
KLA Corp.
 
655
423,805
Lam Research Corp.
 
7,368
544,348
Marvell Technology, Inc.
 
4,342
402,460
Microchip Technology, Inc.
 
1,143
77,918
Micron Technology, Inc.
 
4,839
473,980
Microsoft Corp.
 
15,156
6,417,960
MongoDB, Inc.(b)(c)
 
342
110,292
NVIDIA Corp.
 
51,954
7,182,641
NXP Semiconductors N.V. (China)
 
1,080
247,720
ON Semiconductor Corp.(b)
 
1,672
118,913
Palo Alto Networks, Inc.(b)(c)
 
1,761
682,951
QUALCOMM, Inc.
 
6,055
959,899
Roper Technologies, Inc.
 
452
256,031
Super Micro Computer, Inc.(b)(c)
 
2,450
79,968
Synopsys, Inc.(b)
 
819
457,403
Texas Instruments, Inc.
 
3,365
676,466
Workday, Inc., Class A(b)
 
976
243,990
Zscaler, Inc.(b)(c)
 
726
149,984
 
 
38,288,895
Materials-2.07%
Linde PLC
 
2,894
1,334,105
Real Estate-0.20%
CoStar Group, Inc.(b)
 
1,580
128,517
Utilities-0.27%
Exelon Corp.
 
4,327
171,176
Total Common Stocks & Other Equity Interests
(Cost $51,934,378)
64,361,386
See accompanying notes which are an integral part of this schedule.
Invesco ESG NASDAQ 100 ETF (QQMG)—(continued)
November 30, 2024
(Unaudited)
 
Shares
Value
Money Market Funds-0.05%
Invesco Government & Agency Portfolio,
Institutional Class, 4.57%(d)(e)
(Cost $28,038)
 
28,038
$28,038
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from
securities on loan)-99.97%
(Cost $51,962,416)
64,389,424
Investments Purchased with Cash Collateral from Securities
on Loan
Money Market Funds-2.71%
Invesco Private Government Fund,
4.63%(d)(e)(f)
 
489,451
489,451
 
Shares
Value
Money Market Funds-(continued)
Invesco Private Prime Fund, 4.71%(d)(e)(f)
 
1,257,227
$1,257,604
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $1,747,055)
1,747,055
TOTAL INVESTMENTS IN SECURITIES-102.68%
(Cost $53,709,471)
66,136,479
OTHER ASSETS LESS LIABILITIES-(2.68)%
(1,724,352
)
NET ASSETS-100.00%
$64,412,127
 
Investment Abbreviations:
ADR
-American Depositary Receipt
 
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
Value
November 30, 2024
Dividend
Income
Investments in Affiliated Money
Market Funds:
Invesco Government & Agency
Portfolio, Institutional Class
$59,151
$76,413
$(107,526
)
$-
$-
$28,038
$389
Investments Purchased with
Cash Collateral from Securities
on Loan:
Invesco Private Government Fund
86,430
1,887,543
(1,484,522
)
-
-
489,451
2,029
*
Invesco Private Prime Fund
224,802
4,132,449
(3,099,631
)
(17
)
1
1,257,604
5,316
*
Total
$370,383
$6,096,405
$(4,691,679
)
$(17
)
$1
$1,775,093
$7,734
 
*
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 ESG NASDAQ Next Gen 100 ETF (QQJG)
November 30, 2024
(Unaudited)
 
 
Shares
Value
Common Stocks & Other Equity Interests-99.96%
Communication Services-8.21%
Fox Corp., Class A
 
1,340
$63,141
Fox Corp., Class B
 
1,405
62,846
Liberty Broadband Corp., Class C(b)(c)
 
561
47,763
Liberty Media Corp.-Liberty Formula One(b)(c)
 
969
85,621
Match Group, Inc.(b)
 
1,280
41,907
NetEase, Inc., ADR (China)
 
553
48,376
News Corp., Class A
 
2,434
71,438
News Corp., Class B(c)
 
1,219
39,118
Roku, Inc., Class A(b)
 
627
43,282
 
 
503,492
Consumer Discretionary-14.97%
eBay, Inc.
 
2,579
163,225
Etsy, Inc.(b)
 
598
32,806
Expedia Group, Inc.(b)
 
466
86,033
Five Below, Inc.(b)(c)
 
222
20,579
JD.com, Inc., ADR (China)
 
1,429
53,416
LKQ Corp.(c)
 
1,636
64,278
Lucid Group, Inc.(b)(c)
 
10,193
22,221
Pool Corp.
 
238
89,747
Rivian Automotive, Inc., Class A(b)(c)
 
2,111
25,818
Tractor Supply Co.(c)
 
615
174,457
Trip.com Group Ltd., ADR (China)(b)(c)
 
1,390
89,864
Ulta Beauty, Inc.(b)
 
247
95,500
 
 
917,944
Financials-0.95%
Jack Henry & Associates, Inc.
 
332
58,492
Health Care-20.28%
Align Technology, Inc.(b)
 
343
79,840
Alnylam Pharmaceuticals, Inc.(b)
 
348
88,068
argenx SE, ADR (Netherlands)(b)
 
101
62,272
BeiGene Ltd., ADR (China)(b)(c)
 
163
35,045
BioMarin Pharmaceutical, Inc.(b)(c)
 
672
44,372
BioNTech SE, ADR (Germany)(b)
 
334
39,542
Bio-Techne Corp.
 
479
36,097
Bruker Corp.
 
661
38,305
Cooper Cos., Inc. (The)(b)
 
1,039
108,534
Henry Schein, Inc.(b)
 
693
53,396
Hologic, Inc.(b)
 
807
64,156
ICON PLC(b)
 
432
90,828
Incyte Corp.(b)
 
665
49,602
Insulet Corp.(b)
 
279
74,432
Jazz Pharmaceuticals PLC(b)
 
201
24,440
Medpace Holdings, Inc.(b)(c)
 
151
51,435
Neurocrine Biosciences, Inc.(b)
 
389
49,306
Repligen Corp.(b)(c)
 
288
43,356
Royalty Pharma PLC, Class A
 
1,268
33,805
Sanofi S.A., ADR
 
1,327
64,346
United Therapeutics Corp.(b)
 
170
62,983
Viatris, Inc.
 
3,739
48,944
 
 
1,243,104
Industrials-11.06%
C.H. Robinson Worldwide, Inc.
 
563
59,442
Grab Holdings Ltd., Class A (Singapore)(b)(c)
 
13,149
65,745
J.B. Hunt Transport Services, Inc.
 
560
105,902
Lincoln Electric Holdings, Inc.
 
230
50,250
Nordson Corp.
 
193
50,371
Paylocity Holding Corp.(b)
 
207
42,961
Ryanair Holdings PLC, ADR (Italy)(c)
 
875
38,535
Saia, Inc.(b)(c)
 
128
72,842
 
Shares
Value
Industrials-(continued)
SS&C Technologies Holdings, Inc.
 
951
$73,550
Tetra Tech, Inc.
 
1,484
61,601
United Airlines Holdings, Inc.(b)
 
588
56,936
 
 
678,135
Information Technology-42.68%
Akamai Technologies, Inc.(b)
 
866
81,421
Amdocs Ltd.
 
637
55,241
Bentley Systems, Inc., Class B
 
1,522
75,339
Check Point Software Technologies Ltd.
(Israel)(b)
 
539
98,098
DocuSign, Inc.(b)(c)
 
1,010
80,487
Enphase Energy, Inc.(b)(c)
 
581
41,454
Entegris, Inc.(c)
 
689
72,779
F5, Inc.(b)
 
295
73,853
First Solar, Inc.(b)
 
520
103,620
Flex Ltd.(b)(c)
 
2,764
107,713
Gen Digital, Inc.
 
3,325
102,576
Lattice Semiconductor Corp.(b)
 
662
37,569
Logitech International S.A., Class R
(Switzerland)(c)
 
1,030
83,317
Manhattan Associates, Inc.(b)
 
298
85,061
Monolithic Power Systems, Inc.
 
219
124,313
NetApp, Inc.
 
1,125
137,970
Nice Ltd., ADR (Israel)(b)(c)
 
284
51,813
Nutanix, Inc., Class A(b)(c)
 
1,105
72,134
Okta, Inc.(b)
 
943
73,139
Open Text Corp. (Canada)
 
1,344
40,898
PTC, Inc.(b)
 
554
110,833
Qorvo, Inc.(b)
 
401
27,689
Seagate Technology Holdings PLC
 
1,280
129,702
Skyworks Solutions, Inc.
 
542
47,474
Teradyne, Inc.
 
862
94,820
Trimble, Inc.(b)
 
1,593
116,241
VeriSign, Inc.(b)
 
397
74,311
Western Digital Corp.(b)(c)
 
2,257
164,739
Zebra Technologies Corp., Class A(b)
 
331
134,717
Zoom Video Communications, Inc., Class A(b)
 
1,417
117,172
 
 
2,616,493
Materials-0.67%
Steel Dynamics, Inc.
 
281
40,821
Real Estate-1.14%
Zillow Group, Inc., Class A(b)
 
201
16,388
Zillow Group, Inc., Class C(b)(c)
 
634
53,706
 
 
70,094
Total Common Stocks & Other Equity Interests
(Cost $5,403,446)
6,128,575
Money Market Funds-0.00%
Invesco Government & Agency Portfolio,
Institutional Class, 4.57%(d)(e)
(Cost $258)
 
258
258
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from
securities on loan)-99.96%
(Cost $5,403,704)
6,128,833
See accompanying notes which are an integral part of this schedule.
Invesco ESG NASDAQ Next Gen 100 ETF (QQJG)—(continued)
November 30, 2024
(Unaudited)
 
Shares
Value
Investments Purchased with Cash Collateral from Securities
on Loan
Money Market Funds-22.09%
Invesco Private Government Fund, 4.63%(d)(e)(f)
 
379,459
$379,459
Invesco Private Prime Fund, 4.71%(d)(e)(f)
 
974,719
975,011
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $1,354,470)
1,354,470
TOTAL INVESTMENTS IN SECURITIES-122.05%
(Cost $6,758,174)
7,483,303
OTHER ASSETS LESS LIABILITIES-(22.05)%
(1,352,045
)
NET ASSETS-100.00%
$6,131,258
 
Investment Abbreviations:
ADR
-American Depositary Receipt
 
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
$3,323
$24,813
$(27,878
)
$-
$-
$258
$35
Investments Purchased with
Cash Collateral from Securities
on Loan:
Invesco Private Government Fund
282,581
1,681,328
(1,584,450
)
-
-
379,459
3,650
*
Invesco Private Prime Fund
661,935
3,277,373
(2,964,230
)
(42
)
(25
)
975,011
9,579
*
Total
$947,839
$4,983,514
$(4,576,558
)
$(42
)
$(25
)
$1,354,728
$13,264
 
*
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 NASDAQ 100 ETF (QQQM)
November 30, 2024
(Unaudited)
 
 
Shares
Value
Common Stocks & Other Equity Interests-99.97%
Communication Services-16.17%
Alphabet, Inc., Class A
 
5,322,066
$899,163,051
Alphabet, Inc., Class C
 
5,073,169
864,924,583
Charter Communications, Inc.,
Class A(b)(c)
 
334,971
132,971,763
Comcast Corp., Class A
 
9,063,285
391,443,279
Electronic Arts, Inc.
 
619,929
101,463,779
Meta Platforms, Inc., Class A
 
3,156,998
1,813,127,091
Netflix, Inc.(b)
 
1,006,655
892,711,721
Take-Two Interactive Software, Inc.(b)(c)
 
411,199
77,461,668
T-Mobile US, Inc.
 
2,737,552
676,011,091
Trade Desk, Inc. (The), Class A(b)
 
1,050,279
135,013,365
Warner Bros. Discovery, Inc.(b)
 
5,752,500
60,286,200
 
 
6,044,577,591
Consumer Discretionary-14.55%
Airbnb, Inc., Class A(b)(c)
 
1,032,318
140,508,803
Amazon.com, Inc.(b)
 
9,533,471
1,981,913,286
Booking Holdings, Inc.
 
78,480
408,251,390
DoorDash, Inc., Class A(b)
 
902,522
162,887,171
lululemon athletica, inc.(b)(c)
 
275,840
88,450,854
Marriott International, Inc., Class A
 
660,454
190,930,647
MercadoLibre, Inc. (Brazil)(b)
 
119,076
236,386,103
O’Reilly Automotive, Inc.(b)
 
136,238
169,373,806
PDD Holdings, Inc., ADR (China)(b)
 
1,567,050
151,314,348
Ross Stores, Inc.
 
782,634
121,206,528
Starbucks Corp.
 
2,658,520
272,391,959
Tesla, Inc.(b)
 
4,392,134
1,515,988,972
 
 
5,439,603,867
Consumer Staples-5.74%
Coca-Cola Europacific Partners PLC
(United Kingdom)
 
1,077,141
83,564,599
Costco Wholesale Corp.
 
1,039,955
1,010,711,465
Keurig Dr Pepper, Inc.
 
3,181,706
103,882,701
Kraft Heinz Co. (The)
 
2,836,544
90,684,312
Mondelez International, Inc., Class A
 
3,133,970
203,551,351
Monster Beverage Corp.(b)
 
2,298,123
126,695,521
PepsiCo, Inc.
 
3,222,604
526,734,624
 
 
2,145,824,573
Energy-0.60%
Baker Hughes Co., Class A
 
2,330,758
102,436,814
Diamondback Energy, Inc.
 
691,576
122,816,982
 
 
225,253,796
Financials-0.56%
PayPal Holdings, Inc.(b)
 
2,398,663
208,131,988
Health Care-5.45%
Amgen, Inc.(c)
 
1,260,735
356,624,109
AstraZeneca PLC, ADR (United
Kingdom)
 
1,366,279
92,387,786
Biogen, Inc.(b)
 
341,663
54,881,328
DexCom, Inc.(b)(c)
 
940,245
73,329,708
GE HealthCare Technologies, Inc.
 
1,071,324
89,155,583
Gilead Sciences, Inc.
 
2,920,912
270,418,033
IDEXX Laboratories, Inc.(b)(c)
 
193,166
81,467,760
Illumina, Inc.(b)(c)
 
373,745
53,875,342
Intuitive Surgical, Inc.(b)
 
833,786
451,912,012
Moderna, Inc.(b)(c)
 
901,994
38,839,862
Regeneron Pharmaceuticals, Inc.(b)
 
254,244
190,738,934
Vertex Pharmaceuticals, Inc.(b)
 
605,541
283,471,908
 
 
2,037,102,365
 
Shares
Value
Industrials-4.71%
Automatic Data Processing, Inc.
 
956,857
$293,688,119
Cintas Corp.
 
945,628
213,513,346
Copart, Inc.(b)(c)
 
2,257,774
143,120,294
CSX Corp.
 
4,548,374
166,243,070
Fastenal Co.
 
1,343,322
112,247,986
Honeywell International, Inc.
 
1,524,387
355,075,464
Old Dominion Freight Line, Inc.
 
502,672
113,171,574
PACCAR, Inc.
 
1,229,870
143,894,790
Paychex, Inc.(c)
 
843,840
123,428,477
Verisk Analytics, Inc.
 
334,244
98,337,927
 
 
1,762,721,047
Information Technology-49.26%
Adobe, Inc.(b)
 
1,040,104
536,620,857
Advanced Micro Devices, Inc.(b)
 
3,797,085
520,865,135
Analog Devices, Inc.
 
1,164,671
253,956,512
ANSYS, Inc.(b)
 
205,223
72,053,795
Apple, Inc.
 
13,810,415
3,277,625,792
Applied Materials, Inc.
 
1,934,326
337,946,095
AppLovin Corp., Class A(b)
 
696,877
234,673,330
ARM Holdings PLC, ADR(b)(c)
 
293,381
39,398,134
ASML Holding N.V., New York Shares
(Netherlands)
 
220,954
151,709,226
Atlassian Corp., Class A(b)(c)
 
375,424
98,954,258
Autodesk, Inc.(b)
 
505,450
147,540,855
Broadcom, Inc.
 
10,872,273
1,762,178,008
Cadence Design Systems, Inc.(b)(c)
 
642,388
197,091,062
CDW Corp.
 
313,553
55,163,379
Cisco Systems, Inc.
 
9,451,827
559,642,677
Cognizant Technology Solutions Corp.,
Class A(c)
 
1,162,757
93,590,311
CrowdStrike Holdings, Inc., Class A(b)(c)
 
546,127
188,943,558
Datadog, Inc., Class A(b)
 
729,913
111,494,211
Fortinet, Inc.(b)
 
1,794,673
170,583,669
GLOBALFOUNDRIES, Inc.(b)(c)
 
1,294,184
55,973,458
Intel Corp.(c)
 
10,031,938
241,268,109
Intuit, Inc.
 
655,926
420,927,392
KLA Corp.
 
315,500
204,137,965
Lam Research Corp.
 
3,047,025
225,114,207
Marvell Technology, Inc.
 
2,032,175
188,362,301
Microchip Technology, Inc.
 
1,258,846
85,815,532
Micron Technology, Inc.(c)
 
2,601,458
254,812,811
Microsoft Corp.
 
6,751,720
2,859,083,351
MongoDB, Inc.(b)(c)
 
173,419
55,925,893
NVIDIA Corp.
 
22,281,249
3,080,382,674
NXP Semiconductors N.V. (China)
 
597,821
137,122,203
ON Semiconductor Corp.(b)(c)
 
1,004,802
71,461,518
Palo Alto Networks, Inc.(b)(c)
 
759,820
294,673,392
QUALCOMM, Inc.
 
2,613,694
414,348,910
Roper Technologies, Inc.
 
251,452
142,432,471
Super Micro Computer, Inc.(b)(c)
 
1,373,756
44,839,396
Synopsys, Inc.(b)
 
360,300
201,223,947
Texas Instruments, Inc.
 
2,142,010
430,608,270
Workday, Inc., Class A(b)
 
499,701
124,920,253
Zscaler, Inc.(b)(c)
 
354,652
73,267,557
 
 
18,416,732,474
Materials-1.38%
Linde PLC
 
1,120,325
516,458,622
Real Estate-0.21%
CoStar Group, Inc.(b)(c)
 
961,490
78,207,596
See accompanying notes which are an integral part of this schedule.
Invesco NASDAQ 100 ETF (QQQM)—(continued)
November 30, 2024
(Unaudited)
 
Shares
Value
Utilities-1.34%
American Electric Power Co., Inc.
 
1,248,383
$124,663,526
Constellation Energy Corp.
 
733,530
188,194,457
Exelon Corp.(c)
 
2,347,384
92,862,511
Xcel Energy, Inc.(c)
 
1,307,787
94,893,025
 
 
500,613,519
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.97%
(Cost $29,999,706,710)
37,375,227,438
Investments Purchased with Cash Collateral from Securities
on Loan
Money Market Funds-0.84%
Invesco Private Government Fund,
4.63%(d)(e)(f)
 
87,791,394
87,791,394
 
Shares
Value
Money Market Funds-(continued)
Invesco Private Prime Fund,
4.71%(d)(e)(f)
 
227,368,615
$227,436,826
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $315,228,220)
315,228,220
TOTAL INVESTMENTS IN SECURITIES-100.81%
(Cost $30,314,934,930)
37,690,455,658
OTHER ASSETS LESS LIABILITIES-(0.81)%
(303,248,901
)
NET ASSETS-100.00%
$37,387,206,757
 
Investment Abbreviations:
ADR
-American Depositary Receipt
 
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
$12,149,472
$58,865,875
$(71,015,347
)
$-
$-
$-
$66,171
Investments
Purchased with
Cash Collateral
from Securities on
Loan:
Invesco Private
Government Fund
73,775,478
681,597,644
(667,581,728
)
-
-
87,791,394
1,280,600
*
Invesco Private
Prime Fund
199,210,478
1,729,223,538
(1,700,964,698
)
(13,357
)
(19,135
)
227,436,826
3,439,533
*
Total
$285,135,428
$2,469,687,057
$(2,439,561,773
)
$(13,357
)
$(19,135
)
$315,228,220
$4,786,304
 
*
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 NASDAQ Future Gen 200 ETF (QQQS)
November 30, 2024
(Unaudited)
 
 
Shares
Value
Common Stocks & Other Equity Interests-99.91%
Communication Services-2.84%
Bandwidth, Inc., Class A(b)(c)
 
2,576
$54,173
EchoStar Corp., Class A(b)
 
2,402
60,747
Gogo, Inc.(b)
 
5,547
44,542
iHeartMedia, Inc., Class A(b)
 
28,338
64,894
iQIYI, Inc., ADR (China)(b)
 
20,562
44,414
 
 
268,770
Consumer Discretionary-8.47%
BRP, Inc.
 
611
29,774
Garrett Motion, Inc. (Switzerland)(b)
 
5,294
44,893
Gentex Corp.
 
1,411
43,120
Gentherm, Inc.(b)
 
881
37,090
Goodyear Tire & Rubber Co. (The)(b)
 
5,012
53,829
GoPro, Inc., Class A(b)
 
34,537
42,481
Helen of Troy Ltd.(b)
 
835
61,231
iRobot Corp.(b)
 
6,039
45,957
Johnson Outdoors, Inc., Class A
 
1,230
41,402
Lovesac Co. (The)(b)
 
1,902
71,743
MasterCraft Boat Holdings, Inc.(b)
 
2,386
50,583
Newell Brands, Inc.
 
6,278
60,206
Purple Innovation, Inc.(b)
 
36,872
35,375
Qurate Retail, Inc., Class A(b)
 
73,667
34,432
Sleep Number Corp.(b)
 
2,906
43,590
Sonos, Inc.(b)
 
3,615
49,200
Stitch Fix, Inc., Class A(b)
 
11,695
55,668
 
 
800,574
Energy-1.29%
DMC Global, Inc.(b)
 
3,607
29,036
Gevo, Inc.(b)(c)
 
56,212
92,750
 
 
121,786
Health Care-48.80%
10X Genomics, Inc., Class A(b)
 
1,893
30,099
AC Immune S.A. (Switzerland)(b)
 
13,687
46,536
Accuray, Inc.(b)
 
20,279
45,222
Adaptimmune Therapeutics PLC, ADR(b)(c)
 
34,809
25,087
Adaptive Biotechnologies Corp.(b)
 
9,406
55,872
Agios Pharmaceuticals, Inc.(b)
 
965
57,311
Akebia Therapeutics, Inc.(b)
 
28,521
58,753
Aldeyra Therapeutics, Inc.(b)(c)
 
7,684
37,652
Alector, Inc.(b)
 
8,373
21,686
Alkermes PLC(b)
 
1,554
45,097
Alphatec Holdings, Inc.(b)
 
6,407
67,145
Altimmune, Inc.(b)(c)
 
6,598
56,545
Amarin Corp. PLC, ADR (Ireland)(b)
 
70,675
35,811
Amicus Therapeutics, Inc.(b)
 
3,808
38,004
AngioDynamics, Inc.(b)
 
5,926
41,067
Anika Therapeutics, Inc.(b)
 
1,720
30,478
Aquestive Therapeutics, Inc.(b)
 
9,761
49,683
Arbutus Biopharma Corp.(b)
 
11,425
39,531
Arrowhead Pharmaceuticals, Inc.(b)
 
1,855
48,286
AtriCure, Inc.(b)
 
1,687
61,002
Autolus Therapeutics PLC, ADR (United
Kingdom)(b)
 
11,330
37,616
Axogen, Inc.(b)
 
3,363
46,746
Azenta, Inc.(b)
 
893
41,266
Bicycle Therapeutics PLC, ADR (United
Kingdom)(b)
 
2,056
41,942
BioCryst Pharmaceuticals, Inc.(b)
 
5,088
38,160
Bioventus, Inc., Class A(b)
 
4,400
54,076
bluebird bio, Inc.(b)(c)
 
78,731
31,886
 
Shares
Value
Health Care-(continued)
Cartesian Therapeutics, Inc., Rts., expiring
12/02/2024(b)(d)
 
27,325
$4,919
Cerus Corp.(b)(c)
 
19,561
36,188
ChromaDex Corp.(b)
 
12,816
98,940
ClearPoint Neuro, Inc.(b)
 
3,406
42,132
Codexis, Inc.(b)
 
15,297
70,060
Coherus BioSciences, Inc.(b)(c)
 
31,804
38,801
Compugen Ltd. (Israel)(b)
 
21,051
33,471
Corcept Therapeutics, Inc.(b)
 
1,254
72,331
CytomX Therapeutics, Inc.(b)
 
37,464
39,712
Delcath Systems, Inc.(b)
 
4,021
47,769
DENTSPLY SIRONA, Inc.
 
1,748
34,348
Editas Medicine, Inc.(b)
 
11,820
26,477
Enanta Pharmaceuticals, Inc.(b)
 
3,432
29,515
Fate Therapeutics, Inc.(b)
 
12,046
38,186
FibroGen, Inc.(b)
 
120,917
51,353
Heron Therapeutics, Inc.(b)
 
22,905
27,257
ICU Medical, Inc.(b)
 
268
43,941
IGM Biosciences, Inc.(b)(c)
 
4,367
43,845
Innoviva, Inc.(b)
 
2,283
43,354
Inogen, Inc.(b)
 
3,605
35,005
Integra LifeSciences Holdings Corp.(b)
 
2,173
53,412
Ionis Pharmaceuticals, Inc.(b)
 
927
33,122
Ironwood Pharmaceuticals, Inc.(b)
 
8,737
30,754
KalVista Pharmaceuticals, Inc.(b)(c)
 
3,302
33,218
Karyopharm Therapeutics, Inc.(b)
 
58,152
49,144
Kodiak Sciences, Inc.(b)
 
17,613
117,479
Lexicon Pharmaceuticals, Inc.(b)(c)
 
25,553
20,537
Ligand Pharmaceuticals, Inc.(b)(c)
 
420
51,017
LivaNova PLC(b)
 
877
46,043
MacroGenics, Inc.(b)
 
12,595
45,216
MannKind Corp.(b)
 
7,062
47,880
Masimo Corp.(b)
 
379
65,393
MaxCyte, Inc.(b)
 
10,233
36,327
MediWound Ltd. (Israel)(b)(c)
 
2,404
41,998
Merit Medical Systems, Inc.(b)
 
458
47,586
Mersana Therapeutics, Inc.(b)
 
27,979
63,792
MiMedx Group, Inc.(b)
 
6,468
59,829
Nektar Therapeutics(b)
 
34,537
39,372
Novocure Ltd.(b)
 
2,274
45,571
Omeros Corp.(b)(c)
 
10,501
119,186
OmniAb Operations, Inc., Rts., expiring
11/02/2027(b)(d)
 
83
0
OmniAb Operations, Inc., Rts., expiring
11/02/2027(b)(d)
 
83
0
Omnicell, Inc.(b)
 
994
46,310
OPKO Health, Inc.(b)(c)
 
26,315
40,525
Optinose, Inc.(b)
 
42,677
21,343
OraSure Technologies, Inc.(b)
 
9,868
37,498
Orthofix Medical, Inc.(b)
 
2,537
49,548
Pacific Biosciences of California, Inc.(b)(c)
 
32,506
62,086
Pacira BioSciences, Inc.(b)
 
2,841
48,041
PDS Biotechnology Corp.(b)(c)
 
13,815
30,255
Phibro Animal Health Corp., Class A
 
2,105
49,194
Prothena Corp. PLC (Ireland)(b)
 
1,985
32,177
PTC Therapeutics, Inc.(b)
 
1,252
54,938
Pulse Biosciences, Inc.(b)(c)
 
2,372
50,761
Revance Therapeutics, Inc.(b)
 
6,729
24,292
Rigel Pharmaceuticals, Inc.(b)
 
3,289
90,809
Sage Therapeutics, Inc.(b)
 
5,244
28,685
Sangamo Therapeutics, Inc.(b)(c)
 
52,132
117,818
Scilex Holding Co., Class C (Singapore)(b)
 
2,540
1,635
See accompanying notes which are an integral part of this schedule.
Invesco NASDAQ Future Gen 200 ETF (QQQS)—(continued)
November 30, 2024
(Unaudited)
 
Shares
Value
Health Care-(continued)
scPharmaceuticals, Inc.(b)
 
8,687
$31,447
Seres Therapeutics, Inc.(b)(c)
 
55,218
54,114
SI-BONE, Inc.(b)
 
2,660
36,070
SIGA Technologies, Inc.
 
4,897
35,650
Standard BioTools, Inc.(b)
 
20,755
38,189
Supernus Pharmaceuticals, Inc.(b)
 
1,257
45,968
SurModics, Inc.(b)
 
1,116
44,026
Sutro Biopharma, Inc.(b)(c)
 
9,673
25,633
Tactile Systems Technology, Inc.(b)
 
3,229
63,095
Theravance Biopharma, Inc.(b)
 
5,358
49,561
uniQure N.V. (Netherlands)(b)
 
7,557
45,115
Vanda Pharmaceuticals, Inc.(b)
 
8,357
43,039
Varex Imaging Corp.(b)
 
3,542
59,081
Vaxart, Inc.(b)
 
50,995
30,709
Voyager Therapeutics, Inc.(b)(c)
 
6,739
46,230
X4 Pharmaceuticals, Inc.(b)(c)
 
63,153
24,819
Xencor, Inc.(b)
 
2,528
64,717
 
 
4,610,417
Industrials-8.33%
AeroVironment, Inc.(b)
 
217
42,207
American Superconductor Corp.(b)(c)
 
2,205
75,102
Astronics Corp.(b)
 
1,972
31,848
Ballard Power Systems, Inc. (Canada)(b)(c)
 
24,026
35,799
Conduent, Inc.(b)
 
11,574
43,171
Energy Recovery, Inc.(b)
 
2,722
42,354
Interface, Inc.
 
2,342
62,180
LB Foster Co., Class A(b)
 
2,202
63,263
LSI Industries, Inc.
 
2,779
56,803
Matthews International Corp., Class A
 
1,745
52,629
Microvast Holdings, Inc.(b)(c)
 
153,498
116,659
MillerKnoll, Inc.
 
1,501
37,735
Stratasys Ltd.(b)
 
6,435
61,905
TPI Composites, Inc.(b)
 
10,210
20,828
TTEC Holdings, Inc.
 
8,651
44,812
 
 
787,295
Information Technology-29.17%
8x8, Inc.(b)
 
23,515
72,897
Advanced Energy Industries, Inc.
 
417
47,972
Aehr Test Systems(b)(c)
 
2,906
34,552
Alpha & Omega Semiconductor Ltd.(b)
 
1,059
43,917
Amkor Technology, Inc.
 
1,344
35,535
Applied Optoelectronics, Inc.(b)(c)
 
3,920
161,582
Atomera, Inc.(b)(c)
 
16,560
102,341
AudioEye, Inc.(b)(c)
 
1,826
49,156
Aviat Networks, Inc.(b)
 
1,610
25,486
Axcelis Technologies, Inc.(b)
 
408
30,290
AXT, Inc.(b)
 
16,682
35,700
Bel Fuse, Inc., Class B
 
652
52,277
Canadian Solar, Inc. (Canada)(b)
 
3,500
43,435
Cirrus Logic, Inc.(b)
 
304
31,753
Cognex Corp.
 
1,095
43,778
CommScope Holding Co., Inc.(b)
 
11,455
54,640
Commvault Systems, Inc.(b)
 
287
49,246
Digimarc Corp.(b)(c)
 
1,541
52,225
Dropbox, Inc., Class A(b)
 
1,758
48,626
Extreme Networks, Inc.(b)
 
2,809
46,629
FARO Technologies, Inc.(b)
 
2,456
64,470
Himax Technologies, Inc., ADR (Taiwan)(c)
 
7,480
40,392
Immersion Corp.
 
4,703
42,045
Infinera Corp.(b)(c)
 
7,030
46,468
InterDigital, Inc.
 
320
62,707
 
Shares
Value
Information Technology-(continued)
IPG Photonics Corp.(b)
 
647
$50,492
Itron, Inc.(b)
 
436
51,679
Kimball Electronics, Inc.(b)
 
2,396
46,986
Kulicke & Soffa Industries, Inc. (Singapore)
 
1,010
48,904
Lantronix, Inc.(b)
 
12,314
36,942
Littelfuse, Inc.
 
164
40,454
Lumentum Holdings, Inc.(b)
 
769
66,880
Luna Innovations, Inc.(b)(c)
 
18,575
32,692
MaxLinear, Inc.(b)
 
2,912
44,059
MicroVision, Inc.(b)(c)
 
46,975
42,278
Mitek Systems, Inc.(b)
 
4,743
44,205
MKS Instruments, Inc.
 
371
42,160
NETGEAR, Inc.(b)
 
2,726
67,060
NetScout Systems, Inc.(b)
 
2,060
45,073
nLight, Inc.(b)
 
3,702
40,204
OSI Systems, Inc.(b)
 
295
52,333
Power Integrations, Inc.
 
659
43,171
Radware Ltd. (Israel)(b)
 
2,030
48,233
Rambus, Inc.(b)
 
989
57,174
Ribbon Communications, Inc.(b)
 
12,964
50,689
Semtech Corp.(b)
 
1,009
64,616
Silicon Laboratories, Inc.(b)
 
377
41,715
Silicon Motion Technology Corp., ADR (Taiwan)
 
703
37,308
SolarEdge Technologies, Inc.(b)
 
1,817
28,709
Synaptics, Inc.(b)
 
543
43,570
Turtle Beach Corp.(b)
 
2,830
48,987
Universal Display Corp.
 
230
37,840
Veeco Instruments, Inc.(b)
 
1,246
34,726
Verint Systems, Inc.(b)
 
1,401
35,305
Viasat, Inc.(b)
 
2,816
26,273
Viavi Solutions, Inc.(b)
 
5,134
51,032
Xerox Holdings Corp.
 
3,902
35,664
 
 
2,755,532
Materials-1.01%
Arq, Inc.(b)
 
6,482
49,976
Innospec, Inc.
 
384
45,546
 
 
95,522
Total Common Stocks & Other Equity Interests
(Cost $8,843,727)
9,439,896
Money Market Funds-0.04%
Invesco Government & Agency Portfolio,
Institutional Class, 4.57%(e)(f)
(Cost $4,065)
 
4,065
4,065
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from
securities on loan)-99.95%
(Cost $8,847,792)
9,443,961
Investments Purchased with Cash Collateral from Securities
on Loan
Money Market Funds-17.12%
Invesco Private Government Fund,
4.63%(e)(f)(g)
 
453,009
453,009
See accompanying notes which are an integral part of this schedule.
Invesco NASDAQ Future Gen 200 ETF (QQQS)—(continued)
November 30, 2024
(Unaudited)
 
Shares
Value
Money Market Funds-(continued)
Invesco Private Prime Fund, 4.71%(e)(f)(g)
 
1,163,725
$1,164,074
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $1,617,083)
1,617,083
TOTAL INVESTMENTS IN SECURITIES-117.07%
(Cost $10,464,875)
11,061,044
OTHER ASSETS LESS LIABILITIES-(17.07)%
(1,613,101
)
NET ASSETS-100.00%
$9,447,943
 
Investment Abbreviations:
ADR
-American Depositary Receipt
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 valued using significant unobservable inputs (Level 3). See Note 1.
(e)
Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the three months ended 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
$-
$50,016
$(45,951
)
$-
$-
$4,065
$22
Investments Purchased with
Cash Collateral from Securities
on Loan:
Invesco Private Government Fund
342,395
1,253,684
(1,143,070
)
-
-
453,009
4,543
*
Invesco Private Prime Fund
863,306
2,145,583
(1,844,713
)
(46
)
(56
)
1,164,074
11,972
*
Total
$1,205,701
$3,449,283
$(3,033,734
)
$(46
)
$(56
)
$1,621,148
$16,537
 
*
Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from
borrowers, if any.
 
(f)
The rate shown is the 7-day SEC standardized yield as of November 30, 2024.
(g)
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.  
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments(a)
Invesco NASDAQ Next Gen 100 ETF (QQQJ)
November 30, 2024
(Unaudited)
 
 
Shares
Value
Common Stocks & Other Equity Interests-99.92%(a)
Communication Services-7.27%
Baidu, Inc., ADR (China)(b)(c)
 
62,243
$5,293,767
Fox Corp., Class A
 
98,998
4,664,786
Fox Corp., Class B
 
103,810
4,643,421
Liberty Broadband Corp., Class C(b)(c)
 
54,024
4,599,603
Liberty Media Corp.-Liberty Formula
One(b)(c)
 
98,072
8,665,642
Liberty Media Corp.-Liberty Live, Series C(b)
 
28,036
2,047,189
Match Group, Inc.(b)
 
113,649
3,720,868
NetEase, Inc., ADR (China)
 
53,321
4,664,521
News Corp., Class A
 
166,718
4,893,173
News Corp., Class B(c)
 
83,844
2,690,554
Roku, Inc., Class A(b)
 
56,125
3,874,309
 
 
49,757,833
Consumer Discretionary-16.12%
Caesars Entertainment, Inc.(b)
 
95,331
3,669,290
Churchill Downs, Inc.
 
32,354
4,597,827
DraftKings, Inc., Class A(b)(c)
 
214,433
9,360,000
eBay, Inc.
 
215,970
13,668,741
Etsy, Inc.(b)
 
50,565
2,773,996
Expedia Group, Inc.(b)
 
55,054
10,164,070
Five Below, Inc.(b)(c)
 
24,242
2,247,233
JD.com, Inc., ADR (China)
 
211,317
7,899,029
LKQ Corp.(c)
 
116,012
4,558,112
Lucid Group, Inc.(b)(c)
 
1,310,846
2,857,644
Pool Corp.
 
16,896
6,371,313
Rivian Automotive, Inc., Class A(b)(c)
 
440,864
5,391,767
Tractor Supply Co.(c)
 
47,643
13,514,890
Trip.com Group Ltd., ADR (China)(b)(c)
 
163,619
10,577,968
Ulta Beauty, Inc.(b)
 
20,807
8,044,819
Wynn Resorts Ltd.
 
48,910
4,616,126
 
 
110,312,825
Consumer Staples-1.01%
Casey’s General Stores, Inc.
 
16,389
6,897,966
Energy-2.02%
APA Corp.(c)
 
163,009
3,692,154
Expand Energy Corp.
 
102,024
10,096,295
 
 
13,788,449
Financials-0.83%
Jack Henry & Associates, Inc.
 
32,201
5,673,172
Health Care-20.72%
Align Technology, Inc.(b)
 
32,993
7,679,781
Alnylam Pharmaceuticals, Inc.(b)
 
56,697
14,348,310
argenx SE, ADR (Netherlands)(b)
 
14,175
8,739,596
BeiGene Ltd., ADR (China)(b)(c)
 
19,500
4,192,500
BioMarin Pharmaceutical, Inc.(b)(c)
 
84,086
5,552,199
BioNTech SE, ADR (Germany)(b)(c)
 
43,209
5,115,514
Bio-Techne Corp.
 
69,888
5,266,760
Bruker Corp.
 
66,717
3,866,250
Cooper Cos., Inc. (The)(b)
 
87,959
9,188,197
Henry Schein, Inc.(b)
 
55,838
4,302,318
Hologic, Inc.(b)
 
102,584
8,155,428
ICON PLC(b)
 
36,518
7,677,909
Incyte Corp.(b)
 
85,061
6,344,700
Insulet Corp.(b)
 
30,964
8,260,576
Jazz Pharmaceuticals PLC(b)
 
27,211
3,308,585
Medpace Holdings, Inc.(b)(c)
 
13,665
4,654,709
Neurocrine Biosciences, Inc.(b)
 
44,596
5,652,543
Repligen Corp.(b)(c)
 
24,676
3,714,725
Royalty Pharma PLC, Class A
 
197,918
5,276,494
 
Shares
Value
Health Care-(continued)
Sanofi S.A., ADR
 
129,119
$6,260,980
United Therapeutics Corp.(b)
 
19,651
7,280,499
Viatris, Inc.
 
527,123
6,900,040
 
 
141,738,613
Industrials-15.29%
Axon Enterprise, Inc.(b)
 
33,376
21,592,937
C.H. Robinson Worldwide, Inc.
 
51,800
5,469,044
Grab Holdings Ltd., Class A (Singapore)(b)(c)
 
1,688,205
8,441,025
J.B. Hunt Transport Services, Inc.
 
45,043
8,518,082
Lincoln Electric Holdings, Inc.
 
25,029
5,468,336
Nordson Corp.
 
25,253
6,590,780
Paylocity Holding Corp.(b)
 
24,491
5,082,862
Ryanair Holdings PLC, ADR (Italy)(c)
 
106,245
4,679,030
Saia, Inc.(b)(c)
 
11,741
6,681,568
SS&C Technologies Holdings, Inc.
 
108,389
8,382,805
Tetra Tech, Inc.
 
117,953
4,896,229
United Airlines Holdings, Inc.(b)
 
145,231
14,062,718
Woodward, Inc.
 
26,293
4,741,154
 
 
104,606,570
Information Technology-31.98%
Akamai Technologies, Inc.(b)
 
66,924
6,292,195
Amdocs Ltd.
 
50,317
4,363,490
Bentley Systems, Inc., Class B(c)
 
128,354
6,353,523
Check Point Software Technologies Ltd.
(Israel)(b)
 
49,868
9,075,976
DocuSign, Inc.(b)(c)
 
90,416
7,205,251
Enphase Energy, Inc.(b)(c)
 
59,676
4,257,883
Entegris, Inc.
 
66,682
7,043,620
F5, Inc.(b)
 
25,742
6,444,510
First Solar, Inc.(b)
 
47,279
9,421,286
Flex Ltd.(b)(c)
 
175,369
6,834,130
Gen Digital, Inc.
 
271,845
8,386,418
Lattice Semiconductor Corp.(b)
 
60,716
3,445,633
Logitech International S.A., Class R
(Switzerland)(c)
 
67,488
5,459,104
Manhattan Associates, Inc.(b)
 
27,048
7,720,581
Monolithic Power Systems, Inc.
 
21,532
12,222,425
NetApp, Inc.
 
90,445
11,092,175
Nice Ltd., ADR (Israel)(b)(c)
 
22,241
4,057,648
Nutanix, Inc., Class A(b)(c)
 
108,930
7,110,950
Okta, Inc.(b)
 
71,728
5,563,224
Open Text Corp. (Canada)
 
118,187
3,596,430
PTC, Inc.(b)(c)
 
53,057
10,614,583
Qorvo, Inc.(b)
 
41,799
2,886,221
Seagate Technology Holdings PLC
 
92,831
9,406,565
Skyworks Solutions, Inc.
 
70,540
6,178,599
Teradyne, Inc.
 
72,066
7,927,260
Trimble, Inc.(b)
 
107,852
7,869,960
VeriSign, Inc.(b)
 
43,107
8,068,768
Western Digital Corp.(b)(c)
 
151,687
11,071,634
Zebra Technologies Corp., Class A(b)
 
22,779
9,271,053
Zoom Video Communications, Inc.,
Class A(b)
 
115,772
9,573,187
 
 
218,814,282
Materials-1.45%
Steel Dynamics, Inc.
 
68,148
9,899,860
Real Estate-1.22%
Zillow Group, Inc., Class A(b)
 
23,919
1,950,116
Zillow Group, Inc., Class C(b)(c)
 
75,504
6,395,944
 
 
8,346,060
See accompanying notes which are an integral part of this schedule.
Invesco NASDAQ Next Gen 100 ETF (QQQJ)—(continued)
November 30, 2024
(Unaudited)
 
Shares
Value
Utilities-2.01%
Alliant Energy Corp.
 
113,285
$7,159,612
Evergy, Inc.
 
101,560
6,563,823
 
 
13,723,435
Total Common Stocks & Other Equity Interests
(Cost $628,062,062)
683,559,065
Money Market Funds-0.02%
Invesco Government & Agency Portfolio,
Institutional Class, 4.57%(d)(e)
(Cost $145,439)
 
145,439
145,439
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.94%
(Cost $628,207,501)
683,704,504
 
Shares
Value
Investments Purchased with Cash Collateral from Securities
on Loan
Money Market Funds-16.34%
Invesco Private Government Fund,
4.63%(d)(e)(f)
 
31,323,648
$31,323,648
Invesco Private Prime Fund, 4.71%(d)(e)(f)
 
80,456,221
80,480,358
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $111,804,006)
111,804,006
TOTAL INVESTMENTS IN SECURITIES-116.28%
(Cost $740,011,507)
795,508,510
OTHER ASSETS LESS LIABILITIES-(16.28)%
(111,349,770
)
NET ASSETS-100.00%
$684,158,740
 
Investment Abbreviations:
ADR
-American Depositary Receipt
 
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
$122,819
$2,262,437
$(2,239,817
)
$-
$-
$145,439
$2,417
Investments Purchased
with Cash Collateral
from Securities on Loan:
Invesco Private
Government Fund
29,413,897
89,890,983
(87,981,232
)
-
-
31,323,648
338,981
*
Invesco Private Prime
Fund
68,121,348
176,126,121
(163,761,578
)
(4,280
)
(1,253
)
80,480,358
874,083
*
Total
$97,658,064
$268,279,541
$(253,982,627
)
$(4,280
)
$(1,253
)
$111,949,445
$1,215,481
 
*
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 ESG NASDAQ 100 ETF
Investments in Securities
Common Stocks & Other Equity Interests
$64,361,386
$-
$-
$64,361,386
Money Market Funds
28,038
1,747,055
-
1,775,093
Total Investments
$64,389,424
$1,747,055
$-
$66,136,479
Invesco ESG NASDAQ Next Gen 100 ETF
Investments in Securities
Common Stocks & Other Equity Interests
$6,128,575
$-
$-
$6,128,575
Money Market Funds
258
1,354,470
-
1,354,728
Total Investments
$6,128,833
$1,354,470
$-
$7,483,303
Invesco NASDAQ 100 ETF
Investments in Securities
Common Stocks & Other Equity Interests
$37,375,227,438
$-
$-
$37,375,227,438
Money Market Funds
-
315,228,220
-
315,228,220
Total Investments
$37,375,227,438
$315,228,220
$-
$37,690,455,658
Invesco NASDAQ Future Gen 200 ETF
Investments in Securities
Common Stocks & Other Equity Interests
$9,434,977
$-
$4,919
$9,439,896
Money Market Funds
4,065
1,617,083
-
1,621,148
Total Investments
$9,439,042
$1,617,083
$4,919
$11,061,044
Invesco NASDAQ Next Gen 100 ETF
Investments in Securities
Common Stocks & Other Equity Interests
$683,559,065
$-
$-
$683,559,065
Money Market Funds
145,439
111,804,006
-
111,949,445
Total Investments
$683,704,504
$111,804,006
$-
$795,508,510