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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UDR, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>L3Harris Technologies, Inc.</name>
        <lei>549300UTE50ZMDBG8A20</lei>
        <title>L3Harris Technologies, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Consolidated Edison, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>McDonald's Corp.</name>
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        <title>McDonald's Corp.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Duke Energy Corp.</name>
        <lei>I1BZKREC126H0VB1BL91</lei>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Intercontinental Exchange, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>CenterPoint Energy, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Otis Worldwide Corp.</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Cencora, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Broadridge Financial Solutions, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Rollins, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Costco Wholesale Corp.</name>
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        <title>Costco Wholesale Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>CME Group Inc.</name>
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        <name>Colgate-Palmolive Co.</name>
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        <name>Linde PLC</name>
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        <title>Linde PLC</title>
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        <invCountry>IE</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>Aflac Inc.</name>
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        <name>Marsh &amp; McLennan Cos., Inc.</name>
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        <title>Marsh &amp; McLennan Cos., Inc.</title>
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        <name>Church &amp; Dwight Co., Inc.</name>
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        <name>VeriSign, Inc.</name>
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        <name>Boston Scientific Corp.</name>
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        <name>WEC Energy Group Inc.</name>
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        <title>WEC Energy Group Inc.</title>
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        <name>Keurig Dr Pepper Inc.</name>
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        <title>Keurig Dr Pepper Inc.</title>
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        <name>Motorola Solutions, Inc.</name>
        <lei>6S552MUG6KGJVEBSEC55</lei>
        <title>Motorola Solutions, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>Visa Inc.</name>
        <lei>549300JZ4OKEHW3DPJ59</lei>
        <title>Visa Inc., Class A</title>
        <cusip>92826C839</cusip>
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        <name>TJX Cos., Inc. (The)</name>
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        <name>Kimberly-Clark Corp.</name>
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        <name>Altria Group, Inc.</name>
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        <name>Pinnacle West Capital Corp.</name>
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        <name>Chubb Ltd.</name>
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        <name>Berkshire Hathaway Inc.</name>
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        <name>Automatic Data Processing, Inc.</name>
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        <name>Evergy, Inc.</name>
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        <name>Equity Residential</name>
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        <name>Arthur J. Gallagher &amp; Co.</name>
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        <name>Coca-Cola Co. (The)</name>
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        <name>CMS Energy Corp.</name>
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        <name>Xcel Energy Inc.</name>
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        <name>Aon PLC</name>
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        <name>Republic Services, Inc.</name>
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        <name>Union Pacific Corp.</name>
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        <name>Paychex, Inc.</name>
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        <name>Camden Property Trust</name>
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        <name>Stryker Corp.</name>
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        <name>Hologic, Inc.</name>
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        <name>FirstEnergy Corp.</name>
        <lei>549300SVYJS666PQJH88</lei>
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        <name>Public Service Enterprise Group Inc.</name>
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        <lei>K9G90K85RBWD2LAGQX17</lei>
        <title>AvalonBay Communities, Inc.</title>
        <cusip>053484101</cusip>
        <identifiers>
          <isin value="US0534841012"/>
        </identifiers>
        <balance>367283.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>75943105.91000000</valUSD>
        <pctVal>0.944301398492</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Abbott Laboratories</name>
        <lei>HQD377W2YR662HK5JX27</lei>
        <title>Abbott Laboratories</title>
        <cusip>002824100</cusip>
        <identifiers>
          <isin value="US0028241000"/>
        </identifiers>
        <balance>590056.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>78819680.48000000</valUSD>
        <pctVal>0.980069666813</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2258450.00000000"/>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-06-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Invesco Exchange-Traded Fund Trust II</ncom:nameOfApplicant>
      <ncom:signature>Adrien Deberghes</ncom:signature>
      <ncom:signerName>Adrien Deberghes</ncom:signerName>
      <ncom:title>Vice President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
