NPORT-EX 2 edgar.htm
Schedule of Investments
Invesco International Developed Dynamic Multifactor ETF (IMFL)
November 30, 2021
(Unaudited)
  Shares   Value
Common Stocks & Other Equity Interests-99.78%
Australia-7.53%
Adbri Ltd.
  15,946   $32,450
Afterpay Ltd.(a)
  1,196   92,307
ALS Ltd.
  12,126   107,044
Ampol Ltd.
  1,587   32,261
Ansell Ltd.
  1,246   28,289
Aristocrat Leisure Ltd.
  4,502   140,805
Australia & New Zealand Banking Group Ltd.
  7,280   137,822
Bank of Queensland Ltd.(b)
  28,214   152,839
Bendigo & Adelaide Bank Ltd.(b)
  59,379   360,820
BHP Group Ltd.
  890   24,845
BHP Group PLC
  3,908   106,844
BlueScope Steel Ltd.
  46,495   651,763
Brambles Ltd.
  7,506   53,275
carsales.com Ltd.
  2,415   43,169
Challenger Ltd.
  89,875   411,669
Charter Hall Group
  10,527   144,208
Cochlear Ltd.
  336   51,889
Coles Group Ltd.
  3,069   39,213
Commonwealth Bank of Australia
  1,734   114,564
Computershare Ltd.
  7,898   106,906
CSR Ltd.
  26,746   110,941
Dexus
  11,615   91,992
Domino’s Pizza Enterprises Ltd.(b)
  1,751   161,053
Downer EDI Ltd.
  77,527   312,233
Endeavour Group Ltd.
  21,303   103,469
Fortescue Metals Group Ltd.
  4,742   57,193
Glencore PLC
  90,788   428,922
Goodman Group
  4,063   71,129
GPT Group (The)
  10,862   40,588
Harvey Norman Holdings Ltd.(b)
  27,144   97,580
IDP Education Ltd.
  2,539   62,974
IGO Ltd.
  35,021   261,726
Iluka Resources Ltd.
  56,220   343,617
Incitec Pivot Ltd.
  43,551   98,816
Insurance Australia Group Ltd.
  16,529   51,919
IOOF Holdings Ltd.
  16,773   44,123
Macquarie Group Ltd.
  733   102,252
Medibank Pvt Ltd.
  87,947   215,138
Metcash Ltd.(b)
  105,303   303,887
Mineral Resources Ltd.
  15,360   492,927
Mirvac Group
  114,629   232,454
National Australia Bank Ltd.
  4,198   81,261
Oil Search Ltd.
  11,730   31,688
Orora Ltd.
  58,192   138,225
OZ Minerals Ltd.
  8,262   152,254
Perpetual Ltd.
  1,642   39,969
Pro Medicus Ltd.(b)
  1,683   74,559
QBE Insurance Group Ltd.
  9,003   74,177
REA Group Ltd.
  382   43,985
Reece Ltd.
  10,844   180,075
Rio Tinto Ltd.
  751   49,788
SEEK Ltd.
  6,285   155,082
Seven Group Holdings Ltd.(b)
  4,324   65,396
Shopping Centres Australasia Property Group
  32,149   63,371
Sonic Healthcare Ltd.
  7,135   216,022
South32 Ltd.
  28,996   72,575
Stockland
  42,435   131,487
Suncorp Group Ltd.
  51,143   392,365
Sydney Airport(a)
  6,685   39,342
Tabcorp Holdings Ltd.
  54,558   192,648
Telstra Corp. Ltd.
  29,069   83,888
  Shares   Value
Australia-(continued)
Treasury Wine Estates Ltd.
  20,041   $171,942
Washington H Soul Pattinson & Co. Ltd.
  4,537   99,983
Wesfarmers Ltd.
  4,214   169,894
Westpac Banking Corp.
  9,385   136,549
Woolworths Group Ltd.
  5,971   172,821
        9,547,261
Austria-0.48%
ANDRITZ AG
  2,050   96,914
Erste Group Bank AG
  1,720   74,673
Mondi PLC
  4,649   105,760
OMV AG
  4,133   218,509
Verbund AG
  427   44,459
voestalpine AG
  2,220   74,665
        614,980
Belgium-0.88%
Ackermans & van Haaren N.V.
  488   80,307
Ageas S.A./N.V.
  2,197   112,840
D’Ieteren Group
  985   178,171
Groupe Bruxelles Lambert S.A.
  593   63,758
KBC Group N.V.
  2,173   181,048
Proximus SADP
  1,540   27,769
Sofina S.A.(b)
  427   196,482
Solvay S.A., Class A
  561   62,464
Umicore S.A.
  3,214   155,596
Warehouses De Pauw C.V.A.
  1,327   61,181
        1,119,616
Brazil-0.19%
Yara International ASA
  4,851   237,243
Canada-4.66%
Alimentation Couche-Tard, Inc., Class B
  1,510   55,089
Bank of Montreal
  1,336   138,557
Bank of Nova Scotia (The)
  4,159   258,657
Brookfield Asset Management, Inc., Class A
  2,246   124,906
Canadian Imperial Bank of Commerce
  1,060   117,709
Canadian Natural Resources Ltd.
  7,805   317,846
Canadian Tire Corp. Ltd., Class A
  3,384   445,396
Canadian Utilities Ltd., Class A
  1,041   27,835
Cenovus Energy, Inc.
  6,310   74,571
CGI, Inc., Class A(a)
  1,014   84,358
Constellation Software, Inc.
  70   118,614
Dollarama, Inc.
  1,184   50,930
Enbridge, Inc.
  1,177   43,977
Fairfax Financial Holdings Ltd.
  1,132   500,302
Fortis, Inc.
  911   39,244
George Weston Ltd.
  2,015   211,773
Great-West Lifeco, Inc.
  5,742   165,975
Hydro One Ltd.(c)
  1,648   40,121
IGM Financial, Inc.
  2,590   93,218
Imperial Oil Ltd.(b)
  2,233   73,511
Intact Financial Corp.
  484   59,810
Loblaw Cos. Ltd.
  1,456   109,302
Magna International, Inc.
  7,891   588,995
Manulife Financial Corp.(b)
  13,646   242,964
National Bank of Canada
  2,916   225,656
Nutrien Ltd.
  3,121   206,023
Pembina Pipeline Corp.
  2,874   84,688
Power Corp. of Canada
  22,903   735,760
Rogers Communications, Inc., Class B
  1,679   74,814
Royal Bank of Canada
  514   50,607
Shaw Communications, Inc., Class B
  9,945   286,845
See accompanying notes which are an integral part of this schedule.
Invesco International Developed Dynamic Multifactor ETF (IMFL)—(continued)
November 30, 2021
(Unaudited)
  Shares   Value
Canada-(continued)
Sun Life Financial, Inc.(b)
  2,516   $133,037
Teck Resources Ltd., Class B
  1,594   42,099
Toronto-Dominion Bank (The)
  1,279   89,883
        5,913,072
Chile-0.03%
Antofagasta PLC(b)
  2,063   37,665
China-1.32%
BOC Hong Kong Holdings Ltd.
  15,918   48,086
Chow Tai Fook Jewellery Group Ltd.
  23,829   42,732
Kerry Logistics Network Ltd.
  30,725   87,298
Lee & Man Paper Manufacturing Ltd.
  36,387   25,111
Lenovo Group Ltd.
  573,641   586,455
MicroPort Scientific Corp.(b)
  5,183   21,674
MMG Ltd.(a)
  144,432   52,431
Nexteer Automotive Group Ltd.
  85,836   111,646
Shui On Land Ltd.
  187,398   25,000
SITC International Holdings Co. Ltd.
  41,230   165,272
Towngas China Co. Ltd.
  137,984   93,631
Wharf Holdings Ltd. (The)
  68,002   237,698
Wilmar International Ltd.
  13,700   41,065
Xinyi Glass Holdings Ltd.
  55,692   135,875
        1,673,974
Denmark-1.19%
AP Moller - Maersk A/S, Class A
  41   116,475
AP Moller - Maersk A/S, Class B
  53   158,628
Carlsberg A/S, Class B
  624   96,332
Danske Bank A/S
  2,863   46,928
Demant A/S(a)
  3,541   168,123
DSV A/S
  582   125,787
Genmab A/S(a)
  167   64,150
Novo Nordisk A/S, Class B
  572   61,008
Novozymes A/S, Class B
  886   66,660
Pandora A/S
  3,214   395,964
Rockwool International A/S, Class B
  200   82,698
Royal Unibrew A/S
  541   57,284
Vestas Wind Systems A/S
  1,968   65,529
        1,505,566
Finland-1.40%
Fortum OYJ
  7,254   207,475
Kesko OYJ, Class B
  12,681   395,953
Metso Outotec OYJ
  7,408   74,462
Nokia OYJ(a)
  11,804   65,297
Nokian Renkaat OYJ
  2,786   103,015
Nordea Bank Abp
  15,055   177,458
Sampo OYJ, Class A
  947   46,251
Stora Enso OYJ, Class R
  2,827   47,652
UPM-Kymmene OYJ
  2,542   91,704
Valmet OYJ
  5,310   216,365
Wartsila OYJ Abp
  25,473   352,241
        1,777,873
France-4.13%
ALD S.A.(c)
  3,618   50,335
Amundi S.A.(c)
  335   27,696
Arkema S.A.
  226   29,407
AXA S.A.
  9,410   257,913
BNP Paribas S.A.
  1,141   70,740
Bollore S.A.
  29,316   156,279
Bouygues S.A.
  1,439   48,511
Bureau Veritas S.A.
  2,330   73,329
  Shares   Value
France-(continued)
Capgemini SE
  1,112   $255,465
Carrefour S.A.
  10,999   181,003
Cie de Saint-Gobain
  6,142   388,397
Cie Generale des Etablissements Michelin S.C.A.
  1,915   281,296
CNP Assurances
  5,841   141,815
Covivio
  643   52,994
Credit Agricole S.A.
  3,340   45,362
Dassault Systemes SE
  565   33,827
Eiffage S.A.
  663   61,359
Electricite de France S.A.
  2,275   31,728
EssilorLuxottica S.A.
  227   45,231
Eurazeo SE
  1,102   89,744
Faurecia SE
  907   38,693
Gecina S.A.
  190   25,535
ICADE
  1,261   88,924
Klepierre S.A.
  1,975   41,538
La Francaise des Jeux SAEM(c)
  1,007   46,359
Legrand S.A.
  976   106,321
Orange S.A.
  3,484   37,294
Publicis Groupe S.A.
  11,239   722,856
Renault S.A.(a)
  5,256   168,374
Rexel S.A.
  19,820   361,970
Sartorius Stedim Biotech
  64   37,561
Schneider Electric SE
  333   58,555
SCOR SE
  1,898   59,370
Societe Generale S.A.
  4,204   130,344
SOITEC(a)
  323   84,566
Suez S.A.
  5,004   111,157
Teleperformance
  255   104,105
Thales S.A.
  542   44,218
Unibail-Rodamco-Westfield(a)(b)
  677   44,350
Veolia Environnement S.A.
  12,739   407,228
Vinci S.A.
  344   32,394
Vivendi SE
  1,536   19,450
Wendel SE
  1,283   146,003
        5,239,596
Germany-4.40%
Allianz SE
  205   44,405
Aroundtown S.A.
  55,349   330,194
BASF SE
  631   41,110
Bayerische Motoren Werke AG
  623   59,592
Brenntag SE
  4,022   342,706
Carl Zeiss Meditec AG, BR
  516   102,774
Continental AG(a)
  443   47,221
Covestro AG(c)
  1,147   64,347
Daimler AG
  2,812   262,711
Deutsche Bank AG(a)
  30,059   360,675
Deutsche Post AG
  1,975   115,977
Deutsche Telekom AG
  2,883   50,585
Deutsche Wohnen SE
  494   22,025
DWS Group GmbH & Co. KGaA(c)
  972   37,965
E.ON SE
  8,941   109,637
Evonik Industries AG
  2,005   60,054
Evotec SE(a)
  4,198   197,516
Fresenius SE & Co. KGaA
  2,750   103,680
GEA Group AG
  2,519   126,827
Hannover Rueck SE
  395   68,759
HeidelbergCement AG
  1,000   66,568
Hella GmbH & Co. KGaA
  1,381   95,754
HelloFresh SE(a)
  2,815   283,270
Infineon Technologies AG
  2,123   95,419
KION Group AG
  290   31,141
 
See accompanying notes which are an integral part of this schedule.
Invesco International Developed Dynamic Multifactor ETF (IMFL)—(continued)
November 30, 2021
(Unaudited)
  Shares   Value
Germany-(continued)
LANXESS AG
  1,036   $59,799
LEG Immobilien SE
  426   59,219
Merck KGaA
  1,275   314,152
METRO AG
  11,148   125,231
MTU Aero Engines AG
  356   66,098
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Class R
  206   55,267
Porsche Automobil Holding SE, Preference Shares
  4,562   380,913
ProSiebenSat.1 Media SE
  15,897   232,528
Puma SE
  676   81,227
Rational AG
  33   30,243
RWE AG
  1,348   51,816
Sartorius AG, Preference Shares
  77   52,609
Siemens AG
  189   30,056
Siemens Energy AG(a)
  1,615   42,610
Siemens Healthineers AG(c)
  470   34,027
Talanx AG
  1,958   87,011
thyssenkrupp AG(a)
  40,391   442,548
Traton SE
  1,524   35,681
Uniper SE
  1,858   80,350
Vitesco Technologies Group AG(a)
  87   3,839
Volkswagen AG, Preference Shares
  144   26,203
Wacker Chemie AG
  801   137,089
Zalando SE(a)(c)
  298   26,922
        5,576,350
Hong Kong-1.59%
AIA Group Ltd.
  3,284   34,564
ASM Pacific Technology Ltd.
  6,188   65,207
CK Asset Holdings Ltd.
  28,513   163,123
CK Hutchison Holdings Ltd.
  26,094   163,509
CK Infrastructure Holdings Ltd.
  6,696   38,780
CLP Holdings Ltd.
  5,689   55,753
Haitong International Securities Group Ltd.
  167,242   34,539
Hang Seng Bank Ltd.
  3,107   54,999
Henderson Land Development Co. Ltd.
  10,064   41,181
Hong Kong & China Gas Co. Ltd. (The)
  32,181   48,050
Hong Kong Exchanges & Clearing Ltd.
  666   36,735
Huabao International Holdings Ltd.
  29,403   84,673
Hutchison Port Holdings Trust, Class U
  672,919   151,407
Jardine Matheson Holdings Ltd.
  1,474   83,414
Johnson Electric Holdings Ltd., H Shares
  13,179   28,637
Kerry Properties Ltd.
  34,579   89,820
Link REIT
  7,921   68,685
Man Wah Holdings Ltd.
  29,668   46,885
NWS Holdings Ltd.
  32,570   30,415
Power Assets Holdings Ltd.
  14,683   88,427
Sino Land Co. Ltd.
  121,802   145,615
Sun Hung Kai Properties Ltd.
  4,475   54,417
Swire Pacific Ltd., Class A
  6,712   37,151
Techtronic Industries Co. Ltd.
  7,198   148,561
VTech Holdings Ltd.
  21,411   177,009
Yue Yuen Industrial Holdings Ltd.(a)
  29,089   50,448
        2,022,004
Indonesia-0.13%
Golden Agri-Resources Ltd.
  845,791   160,380
Ireland-0.47%
AIB Group PLC(a)
  63,689   138,609
CRH PLC
  1,919   92,820
  Shares   Value
Ireland-(continued)
Glanbia PLC
  10,137   $130,190
Smurfit Kappa Group PLC
  4,740   240,306
        601,925
Israel-2.31%
Airport City Ltd.(a)
  2,005   41,956
Ashtrom Group Ltd.
  2,670   65,253
Azrieli Group Ltd.
  518   47,334
Bank Hapoalim BM
  10,564   103,305
Bank Leumi Le-Israel BM
  47,439   459,235
Big Shopping Centers Ltd.
  290   44,623
First International Bank of Israel Ltd. (The)
  1,392   55,713
Gav-Yam Lands Corp. Ltd.
  3,874   45,495
Harel Insurance Investments & Financial Services Ltd.
  7,887   83,310
ICL Group Ltd.
  30,761   269,665
Israel Corp. Ltd. (The)(a)
  489   187,954
Israel Discount Bank Ltd., Class A(a)
  114,176   701,947
Melisron Ltd.(a)
  604   52,873
Mivne Real Estate KD Ltd.
  31,386   126,215
Mizrahi Tefahot Bank Ltd.
  6,606   244,267
Nova Ltd.(a)
  1,182   155,917
Phoenix Holdings Ltd. (The)
  15,886   197,752
Tower Semiconductor Ltd.(a)
  1,179   41,612
        2,924,426
Italy-1.95%
A2A S.p.A.
  117,472   228,355
Amplifon S.p.A.
  1,934   93,868
Assicurazioni Generali S.p.A.
  18,821   375,609
De Longhi S.p.A.
  773   25,737
FinecoBank Banca Fineco S.p.A.
  4,442   77,449
Hera S.p.A.
  8,759   33,570
Interpump Group S.p.A.
  3,061   205,350
Intesa Sanpaolo S.p.A.
  64,936   154,626
Leonardo S.p.A.(a)
  8,340   56,156
Mediobanca Banca di Credito Finanziario S.p.A.
  26,232   288,476
Moncler S.p.A.
  1,806   130,264
Pirelli & C S.p.A.(c)
  9,584   58,556
Poste Italiane S.p.A.(c)
  15,113   189,505
PRADA S.p.A.
  5,927   37,634
Prysmian S.p.A.
  3,688   136,118
Recordati Industria Chimica e Farmaceutica S.p.A.
  711   44,369
Reply S.p.A.
  643   123,980
Snam S.p.A.
  11,893   66,586
Telecom Italia S.p.A., RSP
  63,800   30,980
Terna Rete Elettrica Nazionale S.p.A.
  6,164   45,626
UniCredit S.p.A.
  5,740   69,067
        2,471,881
Japan-30.70%
Activia Properties, Inc.
  16   60,875
Advance Residence Investment Corp.
  22   67,524
Advantest Corp.
  3,012   265,004
Aeon Co. Ltd.
  4,822   112,306
AEON REIT Investment Corp.
  47   62,918
AGC, Inc.
  9,379   458,439
Air Water, Inc.
  7,511   110,934
Aisin Corp.
  4,844   177,898
Ajinomoto Co., Inc.
  8,392   251,808
Amada Co. Ltd.
  3,856   36,100
Aozora Bank Ltd.
  9,432   205,345
Asahi Group Holdings Ltd.
  3,955   146,085
 
See accompanying notes which are an integral part of this schedule.
Invesco International Developed Dynamic Multifactor ETF (IMFL)—(continued)
November 30, 2021
(Unaudited)
  Shares   Value
Japan-(continued)
Asahi Kasei Corp.
  22,359   $210,997
Asics Corp.
  5,018   124,538
Astellas Pharma, Inc.
  6,541   102,512
Azbil Corp.
  1,790   79,139
Bandai Namco Holdings, Inc.
  431   33,544
BayCurrent Consulting, Inc.
  270   112,475
Benefit One, Inc.
  997   46,713
Bridgestone Corp.
  4,764   193,212
Brother Industries Ltd.
  13,097   225,387
Canon Marketing Japan, Inc.
  2,339   45,319
Canon, Inc.
  17,595   387,401
Chiba Bank Ltd. (The)
  16,825   97,946
Chubu Electric Power Co., Inc.
  8,623   87,031
COMSYS Holdings Corp.
  1,386   30,224
Concordia Financial Group Ltd.
  14,545   52,905
Cosmo Energy Holdings Co. Ltd.
  5,938   116,360
Cosmos Pharmaceutical Corp.
  167   25,900
Credit Saison Co. Ltd.
  3,348   33,142
CyberAgent, Inc.
  4,867   89,714
Dai Nippon Printing Co. Ltd.
  5,650   132,511
Daicel Corp.
  6,242   43,044
Daido Steel Co. Ltd.
  3,061   105,947
Dai-ichi Life Holdings, Inc.
  26,722   538,229
Daikin Industries Ltd.
  237   48,320
Daio Paper Corp.
  7,624   120,794
Daito Trust Construction Co. Ltd.
  2,959   320,279
Daiwa House Industry Co. Ltd.
  8,040   234,802
Daiwa House REIT Investment Corp.
  23   65,529
Daiwa Office Investment Corp.
  7   44,018
Daiwa Securities Group, Inc.
  67,634   375,801
Denka Co. Ltd.
  2,368   69,761
Denso Corp.
  1,521   111,598
DIC Corp.
  3,152   78,977
Disco Corp.
  258   74,075
DMG Mori Co. Ltd.
  2,139   33,419
Dowa Holdings Co. Ltd.
  3,283   122,016
Ebara Corp.
  7,905   424,682
Electric Power Development Co. Ltd.
  2,612   33,241
ENEOS Holdings, Inc.
  39,704   148,053
FANUC Corp.
  139   27,232
Food & Life Cos. Ltd.
  2,782   118,219
Fuji Electric Co. Ltd.
  4,141   216,633
FUJIFILM Holdings Corp.
  4,489   353,087
Fujitsu Ltd.
  1,133   187,544
Fukuoka Financial Group, Inc.
  3,694   59,796
GLP J-REIT
  36   57,165
GMO Payment Gateway, Inc.
  309   41,447
GS Yuasa Corp.
  5,363   108,918
H.U. Group Holdings, Inc.
  2,546   64,174
Hakuhodo DY Holdings, Inc.
  5,615   83,722
Hamamatsu Photonics K.K.
  696   42,786
Haseko Corp.
  3,869   46,137
Hino Motors Ltd.
  12,731   105,844
Hirose Electric Co. Ltd.
  706   118,449
Hitachi Ltd.
  7,685   452,660
Hitachi Metals Ltd.(a)
  1,955   36,192
Hitachi Transport System Ltd.
  1,336   54,478
Honda Motor Co. Ltd.
  7,793   212,833
Horiba Ltd.
  1,300   77,282
Hoshizaki Corp.
  481   36,516
Hoya Corp.
  653   103,633
Hulic Co. Ltd.
  13,090   124,046
  Shares   Value
Japan-(continued)
Ibiden Co. Ltd.
  2,872   $178,828
Idemitsu Kosan Co. Ltd.
  4,681   120,833
IHI Corp.
  14,860   280,200
Iida Group Holdings Co. Ltd.
  4,833   99,942
Industrial & Infrastructure Fund Investment Corp.
  21   37,508
Inpex Corp.
  9,928   81,928
Internet Initiative Japan, Inc.
  3,074   131,575
Isetan Mitsukoshi Holdings Ltd.
  5,903   40,343
Isuzu Motors Ltd.
  23,309   314,495
ITOCHU Corp.
  7,136   204,882
Iwatani Corp.
  4,674   235,871
J. Front Retailing Co. Ltd.
  6,256   51,351
Japan Hotel REIT Investment Corp.
  55   28,385
Japan Logistics Fund, Inc.
  17   47,012
Japan Metropolitan Fund Investment Corp.
  124   106,805
Japan Post Holdings Co. Ltd.
  13,753   103,682
Japan Post Insurance Co. Ltd.
  4,731   73,249
Japan Prime Realty Investment Corp.
  21   74,812
Japan Real Estate Investment Corp.
  13   74,992
Japan Tobacco, Inc.
  3,934   78,770
Jeol Ltd.
  1,130   94,245
JFE Holdings, Inc.
  44,667   517,696
JSR Corp.
  2,238   83,571
JTEKT Corp.
  6,858   59,916
Kadokawa Corp.
  2,270   120,352
Kajima Corp.
  11,082   122,098
Kakaku.com, Inc.
  1,107   30,954
Kaken Pharmaceutical Co. Ltd.
  635   22,622
Kamigumi Co. Ltd.
  1,402   25,917
Kaneka Corp.
  5,751   187,403
Kansai Electric Power Co., Inc. (The)
  11,704   105,861
Kansai Paint Co. Ltd.
  1,196   26,860
Kawasaki Heavy Industries Ltd.
  14,052   236,129
Kawasaki Kisen Kaisha Ltd.(a)
  10,900   467,506
KDDI Corp.
  3,590   104,337
Kenedix Office Investment Corp.
  10   60,681
Kewpie Corp.
  3,548   72,151
Kikkoman Corp.
  1,225   93,430
Kirin Holdings Co. Ltd.
  3,088   49,416
Kobe Bussan Co. Ltd.
  848   31,965
Kobe Steel Ltd.
  39,893   192,886
Koei Tecmo Holdings Co. Ltd.
  781   32,706
Koito Manufacturing Co. Ltd.
  864   49,689
Kokuyo Co. Ltd.
  6,020   87,799
Komatsu Ltd.
  3,812   87,020
Konami Holdings Corp.
  2,456   125,671
Konica Minolta, Inc.
  60,249   248,860
Kubota Corp.
  4,204   87,712
Kurita Water Industries Ltd.
  3,052   142,460
Kyocera Corp.
  1,081   64,082
Kyowa Kirin Co. Ltd.
  1,600   44,670
Kyudenko Corp.
  1,887   55,840
LaSalle Logiport REIT
  17   28,028
Lasertec Corp.
  599   156,918
Lawson, Inc.
  1,565   76,358
Lixil Corp.
  14,570   357,882
Makita Corp.
  1,081   47,450
Marubeni Corp.
  67,031   600,679
MatsukiyoCocokara & Co.
  2,652   103,936
Mazda Motor Corp.(a)
  44,020   355,897
Mebuki Financial Group, Inc.
  13,741   27,108
Medipal Holdings Corp.
  2,775   49,857
 
See accompanying notes which are an integral part of this schedule.
Invesco International Developed Dynamic Multifactor ETF (IMFL)—(continued)
November 30, 2021
(Unaudited)
  Shares   Value
Japan-(continued)
Menicon Co. Ltd.
  886   $29,301
MINEBEA MITSUMI, Inc.
  8,967   236,919
MISUMI Group, Inc.
  3,188   134,348
Mitsubishi Chemical Holdings Corp.
  59,916   470,801
Mitsubishi Corp.
  7,551   225,509
Mitsubishi Electric Corp.
  4,330   54,323
Mitsubishi Estate Co. Ltd.
  3,039   41,887
Mitsubishi Gas Chemical Co., Inc.
  2,253   37,482
Mitsubishi HC Capital, Inc.
  13,485   63,420
Mitsubishi Heavy Industries Ltd.
  5,446   122,834
Mitsubishi Logistics Corp.
  1,030   25,164
Mitsubishi Materials Corp.
  1,455   25,039
Mitsubishi UFJ Financial Group, Inc.
  17,364   91,970
Mitsui & Co. Ltd.
  14,400   324,284
Mitsui Chemicals, Inc.
  11,407   305,908
Mitsui Fudosan Co. Ltd.
  7,014   144,301
Mitsui Fudosan Logistics Park, Inc.
  5   25,673
Mitsui Mining & Smelting Co. Ltd.
  3,541   91,375
Mitsui OSK Lines Ltd.
  7,075   405,016
Mizuho Financial Group, Inc.
  9,262   114,363
Mori Hills REIT Investment Corp.
  26   34,439
Morinaga Milk Industry Co. Ltd.
  2,479   118,770
MS&AD Insurance Group Holdings, Inc.
  4,655   135,946
Murata Manufacturing Co. Ltd.
  1,163   85,833
Nabtesco Corp.
  1,534   44,381
Nagase & Co. Ltd.
  4,477   66,360
NEC Corp.
  1,010   45,543
NGK Insulators Ltd.
  5,823   92,157
NHK Spring Co. Ltd.
  4,407   32,874
Nidec Corp.
  358   40,988
Nifco, Inc.
  1,585   43,553
Nihon Kohden Corp.
  1,048   30,874
Nihon M&A Center Holdings, Inc.
  1,117   32,808
Nikon Corp.
  4,890   50,689
Nippon Building Fund, Inc.
  9   55,485
Nippon Electric Glass Co. Ltd.
  2,740   70,922
Nippon Express Co. Ltd.
  2,026   115,445
Nippon Kayaku Co. Ltd.
  5,045   49,497
Nippon Prologis REIT, Inc.
  11   35,796
Nippon Sanso Holdings Corp.
  4,963   105,034
Nippon Steel Corp.
  31,635   473,501
Nippon Telegraph & Telephone Corp.
  1,767   48,632
Nippon Yusen K.K.
  8,121   529,265
Nipro Corp.
  3,043   28,810
Nissan Chemical Corp.
  788   45,387
Nissan Motor Co. Ltd.(a)
  46,640   231,218
Nisshin Seifun Group, Inc.
  3,010   43,369
Nitto Denko Corp.
  2,784   193,699
NOF Corp.
  2,140   105,544
NOK Corp.
  3,877   41,452
Nomura Holdings, Inc.
  28,510   119,870
Nomura Real Estate Holdings, Inc.
  3,118   67,690
Nomura Real Estate Master Fund, Inc.
  79   112,296
Nomura Research Institute Ltd.
  980   42,119
NTT Data Corp.
  6,713   141,538
Obayashi Corp.
  4,654   34,266
Obic Co. Ltd.
  169   31,241
Oji Holdings Corp.
  36,973   170,953
Olympus Corp.
  1,580   35,331
Omron Corp.
  851   82,181
Open House Co. Ltd.
  2,714   153,932
Orient Corp.
  27,758   30,314
  Shares   Value
Japan-(continued)
ORIX Corp.
  33,488   $662,121
ORIX JREIT, Inc.
  57   90,612
Osaka Gas Co. Ltd.
  4,706   75,722
Otsuka Corp.
  560   25,597
Otsuka Holdings Co. Ltd.
  1,763   64,374
Panasonic Corp.
  26,790   293,158
Penta-Ocean Construction Co. Ltd.
  5,745   32,938
Persol Holdings Co. Ltd.
  8,587   248,055
Rakus Co. Ltd.
  1,794   48,506
Recruit Holdings Co. Ltd.
  661   40,174
Renesas Electronics Corp.(a)
  9,453   120,051
Rengo Co. Ltd.
  8,850   59,782
RENOVA, Inc.(a)
  1,759   82,880
Resona Holdings, Inc.
  35,760   130,890
Ricoh Co. Ltd.
  42,542   375,795
Rinnai Corp.
  428   40,408
Rohm Co. Ltd.
  886   82,947
Ryohin Keikaku Co. Ltd.
  2,164   34,972
Sankyu, Inc.
  1,101   43,732
Sansan, Inc.(a)
  1,424   39,254
Sanwa Holdings Corp.
  8,338   89,075
Sapporo Holdings Ltd.
  1,616   31,026
Sawai Group Holdings Co. Ltd.
  1,446   53,487
SCREEN Holdings Co. Ltd.
  2,635   266,877
SCSK Corp.
  1,742   33,062
Seiko Epson Corp.
  25,435   409,935
Sekisui Chemical Co. Ltd.
  3,432   55,767
Sekisui House Ltd.
  7,045   137,121
Sekisui House REIT, Inc.
  93   67,572
Seven & i Holdings Co. Ltd.
  7,371   295,632
SG Holdings Co. Ltd.
  4,174   92,269
Sharp Corp.
  3,570   39,930
SHIFT, Inc.(a)
  214   47,721
Shimadzu Corp.
  3,723   157,714
Shimamura Co. Ltd.
  589   50,318
Shimano, Inc.
  379   104,810
Shimizu Corp.
  8,289   52,342
Shin-Etsu Chemical Co. Ltd.
  363   60,742
Shinko Electric Industries Co. Ltd.
  3,363   158,457
Shinsei Bank Ltd.
  2,252   38,001
Shionogi & Co. Ltd.
  1,711   119,391
Ship Healthcare Holdings, Inc.
  1,330   29,635
Shizuoka Bank Ltd. (The)
  8,085   56,964
Showa Denko K.K.
  7,302   160,902
SMC Corp.
  53   33,911
Softbank Corp.
  6,067   83,488
Sojitz Corp.
  17,157   242,672
Sompo Holdings, Inc.
  8,218   338,288
Sony Group Corp.
  597   72,689
Subaru Corp.
  2,456   46,343
Sugi Holdings Co. Ltd.
  699   43,955
SUMCO Corp.
  10,213   223,787
Sumitomo Bakelite Co. Ltd.
  2,792   130,570
Sumitomo Chemical Co. Ltd.
  117,973   544,435
Sumitomo Corp.
  13,592   185,065
Sumitomo Dainippon Pharma Co. Ltd.
  10,579   128,761
Sumitomo Electric Industries Ltd.
  13,485   176,898
Sumitomo Forestry Co. Ltd.
  5,351   107,779
Sumitomo Heavy Industries Ltd.
  3,977   88,300
Sumitomo Metal Mining Co. Ltd.
  2,926   109,082
Sumitomo Mitsui Financial Group, Inc.
  4,222   137,690
Sumitomo Mitsui Trust Holdings, Inc.
  5,703   178,807
 
See accompanying notes which are an integral part of this schedule.
Invesco International Developed Dynamic Multifactor ETF (IMFL)—(continued)
November 30, 2021
(Unaudited)
  Shares   Value
Japan-(continued)
Sumitomo Realty & Development Co. Ltd.
  2,616   $81,536
Sumitomo Rubber Industries Ltd.
  18,956   190,153
Suntory Beverage & Food Ltd.
  854   30,123
Suzuki Motor Corp.
  2,091   84,436
Sysmex Corp.
  549   68,465
T&D Holdings, Inc.
  20,834   246,239
Taisei Corp.
  1,465   42,707
Taiyo Yuden Co. Ltd.
  4,932   271,913
Takara Holdings, Inc.
  5,135   55,174
Takashimaya Co. Ltd.
  7,662   67,142
Takeda Pharmaceutical Co. Ltd.
  1,000   26,694
TDK Corp.
  1,770   70,148
TechnoPro Holdings, Inc.
  3,982   109,418
Teijin Ltd.
  2,330   26,697
Terumo Corp.
  936   38,151
TIS, Inc.
  5,716   176,698
Toda Corp.
  4,536   26,686
Toho Gas Co. Ltd.
  980   27,662
Tokai Carbon Co. Ltd.
  5,506   57,075
Tokio Marine Holdings, Inc.
  2,689   135,178
Tokyo Electric Power Co. Holdings, Inc.(a)
  14,323   38,222
Tokyo Electron Ltd.
  264   139,132
Tokyo Gas Co. Ltd.
  1,887   32,324
Tokyo Ohka Kogyo Co. Ltd.
  986   61,829
Tokyo Tatemono Co. Ltd.
  8,453   119,710
Tokyu Fudosan Holdings Corp.
  29,417   151,820
Toppan, Inc.
  8,984   136,329
Toray Industries, Inc.
  71,510   416,168
Toshiba Corp.
  11,074   441,517
Tosoh Corp.
  5,828   83,715
TOTO Ltd.
  1,927   85,365
Toyo Seikan Group Holdings Ltd.
  14,187   173,175
Toyo Tire Corp.
  2,323   35,312
Toyota Boshoku Corp.
  4,337   85,522
Toyota Industries Corp.
  1,491   122,384
Toyota Tsusho Corp.
  11,904   519,480
Tsumura & Co.
  1,437   40,941
Ube Industries Ltd.
  5,365   89,775
Ulvac, Inc.
  2,909   166,529
United Urban Investment Corp.
  84   106,974
Ushio, Inc.
  3,579   66,414
Yakult Honsha Co. Ltd.
  725   36,204
Yamaha Corp.
  1,106   56,690
Yamaha Motor Co. Ltd.
  19,158   482,388
Yamato Holdings Co. Ltd.
  3,775   83,250
Yamato Kogyo Co. Ltd.
  1,488   45,671
Yaskawa Electric Corp.
  1,989   89,163
Yokohama Rubber Co. Ltd. (The)
  6,801   105,778
Zenkoku Hosho Co. Ltd.
  1,431   62,511
Zensho Holdings Co. Ltd.
  1,200   27,277
Zeon Corp.
  6,321   66,970
ZOZO, Inc.
  1,528   48,648
        38,948,304
Luxembourg-0.66%
ArcelorMittal S.A.
  12,495   336,560
Eurofins Scientific SE
  1,941   246,750
L’Occitane International S.A.
  36,062   142,475
RTL Group S.A.
  2,202   112,924
        838,709
Netherlands-2.77%
Aalberts N.V.
  3,473   211,879
  Shares   Value
Netherlands-(continued)
ABN AMRO Bank N.V., CVA(c)
  12,748   $180,799
Adyen N.V.(a)(b)(c)
  19   52,343
Aegon N.V.
  93,533   411,753
Akzo Nobel N.V.
  324   33,887
Argenx SE(a)(b)
  128   35,587
ASM International N.V.
  826   368,923
ASR Nederland N.V.
  2,316   98,358
BE Semiconductor Industries N.V.
  3,002   282,962
EXOR N.V.
  2,497   218,386
IMCD N.V.
  854   188,504
ING Groep N.V.
  25,005   343,602
Koninklijke Ahold Delhaize N.V.
  1,567   52,297
Koninklijke DSM N.V.
  249   53,294
Koninklijke KPN N.V.
  37,544   109,917
NN Group N.V.
  6,331   313,124
Randstad N.V.
  1,641   102,921
Signify N.V.
  7,771   351,019
Universal Music Group N.V.
  1,536   43,759
Wolters Kluwer N.V.
  578   64,578
        3,517,892
New Zealand-1.30%
Auckland International Airport Ltd.(a)
  6,586   35,312
Contact Energy Ltd.
  33,819   180,181
Fisher & Paykel Healthcare Corp. Ltd.
  3,421   77,387
Fletcher Building Ltd.
  110,197   504,838
Infratil Ltd.
  17,581   93,907
Kiwi Property Group Ltd., (Acquired 10/07/2021 - 11/03/2021; Cost $52,512)(d)
  64,735   50,746
Mainfreight Ltd.
  4,400   272,259
Mercury NZ Ltd.
  21,023   85,895
Meridian Energy Ltd.
  11,533   37,180
Ryman Healthcare Ltd.
  7,629   63,687
SKYCITY Entertainment Group Ltd.
  15,431   31,419
Spark New Zealand Ltd.
  23,136   72,231
Xero Ltd.(a)
  1,370   140,697
        1,645,739
Norway-0.74%
Aker ASA, Class A
  827   74,927
Aker BP ASA
  3,216   101,090
DNB Bank ASA
  1,666   36,241
Leroy Seafood Group ASA
  8,361   58,674
Mowi ASA
  3,047   68,957
Norsk Hydro ASA
  72,445   468,318
Salmar ASA
  445   28,025
TOMRA Systems ASA
  1,575   107,554
        943,786
Poland-0.71%
Bank Polska Kasa Opieki S.A.
  3,438   98,702
Cyfrowy Polsat S.A.
  3,945   33,458
LPP S.A.
  40   129,391
Polski Koncern Naftowy ORLEN S.A.
  12,375   215,051
Polskie Gornictwo Naftowe i Gazownictwo S.A.
  23,854   31,926
Powszechna Kasa Oszczednosci Bank Polski S.A.(a)
  7,425   78,158
Powszechny Zaklad Ubezpieczen S.A.
  14,475   125,772
Santander Bank Polska S.A.
  2,070   182,513
        894,971
 
See accompanying notes which are an integral part of this schedule.
Invesco International Developed Dynamic Multifactor ETF (IMFL)—(continued)
November 30, 2021
(Unaudited)
  Shares   Value
Portugal-0.10%
EDP - Energias de Portugal S.A.
  8,742   $47,567
Jeronimo Martins SGPS S.A.
  3,964   85,735
        133,302
Russia-0.30%
Coca-Cola HBC AG
  2,292   70,410
Evraz PLC
  41,043   312,768
        383,178
Singapore-1.61%
Ascendas REIT
  14,201   30,242
CapitaLand Integrated Commercial Trust
  23,463   36,106
CapitaLand Investment Ltd.(a)
  30,173   73,939
ComfortDelGro Corp. Ltd.
  57,938   57,889
DBS Group Holdings Ltd.
  4,052   88,271
Frasers Logistics & Commercial Trust(c)
  60,818   65,203
Genting Singapore Ltd.
  68,813   38,643
Jardine Cycle & Carriage Ltd.
  3,577   55,254
Kenon Holdings Ltd.
  2,155   99,520
Keppel Corp. Ltd.
  21,123   78,567
Mapletree Commercial Trust
  20,023   29,790
Mapletree Investments Pte Ltd.
  1,032   15
Mapletree Logistics Trust
  27,897   37,843
Olam International Ltd.
  57,867   73,012
Oversea-Chinese Banking Corp. Ltd.
  40,891   327,450
SATS Ltd.(a)
  21,155   58,629
Sembcorp Industries Ltd.
  24,068   33,000
Singapore Exchange Ltd.
  15,889   103,482
Singapore Press Holdings Ltd.
  80,942   137,545
Singapore Technologies Engineering Ltd.
  35,693   99,180
Singapore Telecommunications Ltd.
  29,307   50,443
STMicroelectronics N.V.
  1,740   84,462
United Overseas Bank Ltd.
  16,265   302,133
UOL Group Ltd.
  6,410   32,163
Venture Corp. Ltd.
  3,489   47,100
        2,039,881
South Africa-0.16%
Anglo American PLC
  5,460   200,238
South Korea-7.30%
Amorepacific Corp.
  148   19,561
BGF retail Co. Ltd.
  380   46,704
BNK Financial Group, Inc.
  17,720   119,337
Celltrion Pharm, Inc.(a)
  197   19,901
CJ CheilJedang Corp.
  121   36,059
Daewoo Engineering & Construction Co. Ltd.(a)
  23,485   106,166
DB Insurance Co. Ltd.
  2,722   123,279
DGB Financial Group, Inc.
  19,278   145,246
DL E&C Co. Ltd.(a)
  442   41,115
Doosan Bobcat, Inc.(a)
  1,701   51,836
Doosan Heavy Industries & Construction Co. Ltd.(a)
  2,032   32,501
Ecopro BM Co. Ltd.
  190   86,915
E-MART, Inc.
  578   69,580
Fila Holdings Corp.
  1,321   38,866
GS Engineering & Construction Corp.
  8,363   258,374
GS Holdings Corp.
  2,637   83,246
Hana Financial Group, Inc.
  21,595   718,076
Hankook Tire & Technology Co. Ltd.
  3,409   110,199
Hanwha Aerospace Co. Ltd.
  4,587   156,967
Hanwha Corp.
  1,268   31,863
Hanwha Life Insurance Co. Ltd.
  36,482   85,224
HMM Co. Ltd.(a)
  5,444   108,156
Hyundai Department Store Co. Ltd.
  780   44,059
  Shares   Value
South Korea-(continued)
Hyundai Doosan Infracore Co. Ltd.(a)
  6,637   $41,401
Hyundai Engineering & Construction Co. Ltd.
  7,867   292,719
Hyundai Glovis Co. Ltd.
  481   58,915
Hyundai Heavy Industries Holdings Co. Ltd.
  4,600   204,849
Hyundai Marine & Fire Insurance Co. Ltd.
  1,691   32,741
Hyundai Mipo Dockyard Co. Ltd.(a)
  1,315   76,383
Hyundai Mobis Co. Ltd.
  130   24,131
Hyundai Steel Co.
  9,614   300,260
Hyundai Wia Corp.
  2,089   125,913
Industrial Bank of Korea
  12,888   111,749
Kakao Corp.
  433   44,470
KB Financial Group, Inc.
  9,318   414,168
KCC Corp.
  572   132,419
Kia Corp.
  5,829   381,763
Korea Aerospace Industries Ltd.
  2,501   57,477
Korea Electric Power Corp.
  3,169   55,355
Korea Gas Corp.(a)
  2,074   61,195
Korea Zinc Co. Ltd.
  155   64,393
Korean Air Lines Co. Ltd.(a)
  2,259   50,394
Kumho Petrochemical Co. Ltd.
  2,298   299,848
LG Chem Ltd.
  86   50,243
LG Corp.
  981   64,745
LG Display Co. Ltd.(a)
  7,109   119,092
LG Electronics, Inc.
  4,527   440,162
LG Electronics, Inc., Preference Shares
  1,013   50,057
LG Innotek Co. Ltd.
  398   102,021
LG Uplus Corp.
  6,244   71,223
LOTTE Chemical Corp.
  156   26,462
LOTTE Fine Chemical Co. Ltd.
  722   47,469
LOTTE Shopping Co. Ltd.
  643   45,198
Mando Corp.(a)
  3,329   153,293
NAVER Corp.
  141   45,224
Pan Ocean Co. Ltd.
  12,281   53,450
Pearl Abyss Corp.(a)
  802   88,916
POSCO
  2,859   628,167
POSCO Chemical Co. Ltd.
  307   40,704
Posco International Corp.
  6,521   102,654
Samsung C&T Corp.
  420   37,301
Samsung Electro-Mechanics Co. Ltd.
  396   55,505
Samsung Engineering Co. Ltd.(a)
  14,353   250,715
Samsung Fire & Marine Insurance Co. Ltd.
  807   137,229
Samsung Life Insurance Co. Ltd.
  809   40,726
Samsung SDI Co. Ltd.
  163   94,405
Shinhan Financial Group Co. Ltd.
  10,847   316,397
SK Hynix, Inc.
  689   66,122
SK Innovation Co. Ltd.(a)
  600   98,241
SK Square Co. Ltd.(a)
  386   22,096
SK Telecom Co. Ltd.
  598   27,436
SK, Inc.
  863   188,525
SKC Co. Ltd.
  729   121,510
S-Oil Corp.
  1,187   79,839
Woori Financial Group, Inc.
  22,288   236,408
        9,265,308
Spain-2.36%
Acciona S.A.
  1,110   196,783
ACS Actividades de Construccion y Servicios S.A.
  5,341   127,511
Banco Bilbao Vizcaya Argentaria S.A.
  132,762   702,727
Banco Santander S.A.
  108,654   336,328
Bankinter S.A.
  12,606   61,638
CaixaBank S.A.
  54,105   138,488
Cellnex Telecom S.A.(c)
  442   25,891
EDP Renovaveis S.A.
  1,234   31,419
 
See accompanying notes which are an integral part of this schedule.
Invesco International Developed Dynamic Multifactor ETF (IMFL)—(continued)
November 30, 2021
(Unaudited)
  Shares   Value
Spain-(continued)
Enagas S.A.
  1,608   $36,362
Fluidra S.A.
  4,327   164,378
Inmobiliaria Colonial SOCIMI S.A.
  3,381   30,445
Linea Directa Aseguradora S.A. Cia de Seguros y Reaseguros
  19,901   34,273
Mapfre S.A.
  52,159   106,207
Merlin Properties SOCIMI S.A.
  6,993   77,454
Naturgy Energy Group S.A.
  2,212   60,503
Red Electrica Corp. S.A.
  3,313   69,865
Repsol S.A.
  23,305   256,838
Telefonica S.A.
  120,262   540,994
        2,998,104
Sweden-3.40%
Alfa Laval AB
  6,541   252,351
Assa Abloy AB, Class B
  1,928   53,922
Atlas Copco AB, Class A
  480   29,356
Beijer Ref AB
  7,135   140,739
Boliden AB
  1,044   35,848
Castellum AB
  1,807   50,717
Electrolux AB, Class B
  2,859   63,798
Epiroc AB, Class A(b)
  4,121   99,634
EQT AB(b)
  781   45,958
Evolution AB(c)
  1,103   115,567
Fastighets AB Balder, Class B(a)
  1,675   124,960
Getinge AB, Class B
  14,229   594,110
Hexagon AB, Class B
  6,582   95,741
Holmen AB, Class B
  1,620   72,282
Husqvarna AB, Class B
  4,301   60,358
Industrivarden AB, Class A
  1,513   44,816
Industrivarden AB, Class C
  956   28,117
Indutrade AB
  6,238   173,914
Investment AB Latour, Class B
  1,149   43,201
Investor AB, Class B
  2,359   54,577
Kinnevik AB, Class B(a)
  16,610   590,567
L E Lundbergforetagen AB, Class B
  603   32,965
Lifco AB, Class B
  5,562   150,348
Lundin Energy AB
  3,315   116,714
Nibe Industrier AB, Class B
  14,708   209,079
Sagax AB, Class B
  5,072   197,409
Sandvik AB
  1,205   29,797
Sinch AB(a)(c)
  9,032   120,580
Skanska AB, Class B
  10,601   243,568
SKF AB, Class B
  1,491   34,060
Svenska Cellulosa AB S.C.A., Class B
  3,975   64,588
Svenska Handelsbanken AB, Class A(b)
  13,074   138,078
Swedbank AB, Class A
  1,525   30,642
Tele2 AB, Class B
  2,447   34,812
Trelleborg AB, Class B
  3,649   82,794
Volvo AB, Class B
  2,497   53,772
        4,309,739
Switzerland-3.86%
ABB Ltd.
  3,692   127,229
Adecco Group AG
  630   29,138
Alcon, Inc.
  1,312   103,100
Baloise Holding AG
  303   45,054
Barry Callebaut AG
  21   49,471
Chocoladefabriken Lindt & Spruengli AG, PC
  7   85,552
Cie Financiere Richemont S.A.
  1,806   266,782
DKSH Holding AG
  626   49,653
Geberit AG
  232   176,444
Georg Fischer AG
  178   258,133
  Shares   Value
Switzerland-(continued)
Givaudan S.A.
  7   $34,039
Helvetia Holding AG
  1,500   164,848
Holcim Ltd.
  2,194   105,385
Julius Baer Group Ltd.
  2,751   170,161
Kuehne + Nagel International AG, Class R
  376   107,144
Logitech International S.A., Class R
  3,425   269,662
Lonza Group AG
  105   84,304
Medmix AG(a)(c)
  1,293   61,199
OC Oerlikon Corp. AG
  5,860   56,833
Partners Group Holding AG
  103   176,972
PSP Swiss Property AG
  271   31,627
SGS S.A.
  19   57,016
SIG Combibloc Group AG
  7,420   194,360
Sika AG
  397   154,742
Sonova Holding AG, Class A
  867   324,633
Straumann Holding AG, Class R
  98   207,247
Sulzer AG
  1,293   122,048
Swatch Group AG (The), BR
  144   42,232
Swiss Life Holding AG
  628   359,536
Swiss Prime Site AG
  788   74,253
Swisscom AG
  64   35,299
Tecan Group AG, Class R
  173   102,540
UBS Group AG
  21,212   365,376
VAT Group AG(c)
  611   292,493
Zurich Insurance Group AG
  261   106,922
        4,891,427
United Kingdom-9.88%
3i Group PLC
  9,574   175,683
abrdn PLC
  20,058   61,910
Admiral Group PLC
  1,832   71,670
Ashtead Group PLC
  4,353   348,075
Aviva PLC
  102,889   524,070
B&M European Value Retail S.A.
  31,956   262,207
BAE Systems PLC
  6,407   46,468
Barclays PLC
  214,840   523,615
Barratt Developments PLC
  22,686   209,315
Bellway PLC
  3,558   146,772
BT Group PLC(a)
  220,055   461,737
Bunzl PLC
  1,394   52,893
Burberry Group PLC
  1,961   45,597
Centrica PLC(a)
  130,274   111,650
CNH Industrial N.V.
  26,013   429,102
Compass Group PLC(a)
  1,423   27,533
ConvaTec Group PLC(c)
  15,562   39,736
Croda International PLC
  1,166   156,036
Dechra Pharmaceuticals PLC
  3,303   220,460
Derwent London PLC
  1,267   56,825
Diageo PLC
  781   39,259
Dr. Martens PLC(a)
  5,389   28,504
DS Smith PLC
  62,483   296,189
Electrocomponents PLC
  11,197   178,949
Entain PLC(a)
  14,242   314,476
Halma PLC
  1,921   76,270
Howden Joinery Group PLC
  20,759   237,730
HSBC Holdings PLC
  6,880   38,170
IMI PLC
  13,202   297,101
Imperial Brands PLC
  7,229   147,476
Intermediate Capital Group PLC
  11,801   326,306
ITV PLC(a)
  308,684   449,024
J Sainsbury PLC
  142,861   522,788
JD Sports Fashion PLC
  17,780   52,433
Johnson Matthey PLC
  3,124   86,629
 
See accompanying notes which are an integral part of this schedule.
Invesco International Developed Dynamic Multifactor ETF (IMFL)—(continued)
November 30, 2021
(Unaudited)
  Shares   Value
United Kingdom-(continued)
Kingfisher PLC
  64,919   $272,093
Legal & General Group PLC
  96,340   359,304
Lloyds Banking Group PLC
  671,317   415,656
M&G PLC
  153,720   380,102
Meggitt PLC(a)
  14,848   144,893
Melrose Industries PLC
  58,316   111,871
National Grid PLC
  4,181   55,680
NatWest Group PLC
  46,459   130,675
Next PLC
  783   81,443
Pearson PLC
  31,846   249,929
Pennon Group PLC
  2,119   34,342
Persimmon PLC
  2,634   95,378
Prudential PLC
  5,872   99,128
Quilter PLC(c)
  14,907   27,650
RELX PLC
  1,034   31,970
Royal Mail PLC
  122,810   814,663
Schroders PLC
  1,189   54,050
Segro PLC
  8,653   161,301
Severn Trent PLC
  1,456   55,593
Spirax-Sarco Engineering PLC
  719   148,678
SSE PLC
  15,988   328,281
St James’s Place PLC
  15,585   319,285
Standard Chartered PLC
  5,640   31,056
Taylor Wimpey PLC
  93,749   195,843
Tesco PLC
  27,179   99,513
Travis Perkins PLC
  18,323   351,499
United Utilities Group PLC
  8,758   125,659
Vodafone Group PLC
  51,387   74,335
Weir Group PLC (The)
  1,309   28,878
Wickes Group PLC
  13,548   38,286
WPP PLC
  11,195   154,331
        12,534,023
  Shares   Value
United States-1.27%
Amcor PLC, CDI
  3,747   $43,093
Bausch Health Cos., Inc.(a)
  9,591   226,691
Ferguson PLC
  1,290   195,670
James Hardie Industries PLC, CDI
  8,660   341,835
Sims Ltd.
  22,161   222,343
Stellantis N.V.
  13,518   230,368
Swiss Re AG
  2,276   212,597
Tenaris S.A.
  9,837   95,910
Waste Connections, Inc.
  274   36,341
        1,604,848
TOTAL INVESTMENTS IN SECURITIES

(excluding investments purchased with cash collateral from securities on loan)-99.78%

(Cost $130,280,881)
  126,573,261
Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds-1.28%
Invesco Private Government Fund, 0.02%(e)(f)(g)
  489,660   489,660
Invesco Private Prime Fund, 0.11%(e)(f)(g)
  1,142,197   1,142,539
Total Investments Purchased with Cash Collateral from Securities on Loan

(Cost $1,632,257)
  1,632,199
TOTAL INVESTMENTS IN SECURITIES-101.06%

(Cost $131,913,138)
  128,205,460
OTHER ASSETS LESS LIABILITIES-(1.06)%
  (1,350,630)
NET ASSETS-100.00%
  $126,854,830
 
Investment Abbreviations:
BR-Bearer Shares
CDI-CREST Depository Interest
CVA-Dutch Certificates
PC-Participation Certificate
REIT-Real Estate Investment Trust
RSP-Registered Savings Plan Shares
    
Notes to Schedule of Investments:
(a) Non-income producing security.
(b) All or a portion of this security was out on loan at November 30, 2021.
(c) 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 aggregate value of these securities at November 30, 2021 was $1,557,294, which represented 1.23% of the Fund’s Net Assets.
(d) Restricted security. The value of this security at November 30, 2021 represented less than 1% of the Fund’s Net Assets.
(e) Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the three months ended November 30, 2021.
    
  Value
August 31, 2021 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation
(Depreciation) 		  Realized
Gain
(Loss) 		  Value
November 30, 2021 		  Dividend
Income
Investments in Affiliated Money Market Funds:                          
Invesco Government & Agency Portfolio, Institutional Class $171,506   $2,049,677   $(2,221,183)   $-   $-   $-   $11
See accompanying notes which are an integral part of this schedule.
Invesco International Developed Dynamic Multifactor ETF (IMFL)—(continued)
November 30, 2021
(Unaudited)
  Value
August 31, 2021 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation
(Depreciation) 		  Realized
Gain
(Loss) 		  Value
November 30, 2021 		  Dividend
Income
Investments Purchased with Cash Collateral from Securities on Loan:                          
Invesco Private Government Fund $917,731   $2,702,051   $(3,130,122)   $-   $-   $489,660   $33*
Invesco Private Prime Fund 2,139,126   4,769,403   (5,765,855)   (58)   (77)   1,142,539   419*
Total $3,228,363   $9,521,131   $(11,117,160)   $(58)   $(77)   $1,632,199   $463
    
* 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, 2021.
(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 Russell 1000® Dynamic Multifactor ETF (OMFL)
November 30, 2021
(Unaudited)
  Shares   Value
Common Stocks & Other Equity Interests-99.74%
Communication Services-2.82%
Alphabet, Inc., Class A(b)
  163   $462,586
Alphabet, Inc., Class C(b)
  192   547,016
Altice USA, Inc., Class A(b)
  69,855   1,106,503
Comcast Corp., Class A
  7,433   371,501
Discovery, Inc., Class A(b)(c)
  27,228   633,596
Discovery, Inc., Class C(b)
  62,593   1,421,487
DISH Network Corp., Class A(b)
  18,611   581,594
Fox Corp., Class A(c)
  25,378   906,248
IAC/InterActiveCorp.(b)(c)
  50,056   6,689,984
Interpublic Group of Cos., Inc. (The)
  312,124   10,359,396
Loyalty Ventures, Inc.(b)
  18,440   529,228
Lumen Technologies, Inc.
  264,058   3,258,476
Match Group, Inc.(b)
  11,777   1,530,892
News Corp., Class A
  90,660   1,960,069
News Corp., Class B
  26,829   578,165
Nexstar Media Group, Inc., Class A
  33,949   5,075,375
Omnicom Group, Inc.(c)
  60,499   4,072,188
Pinterest, Inc., Class A(b)
  76,685   3,072,001
Roku, Inc.(b)
  8,377   1,906,689
Take-Two Interactive Software, Inc.(b)
  3,406   564,987
Twitter, Inc.(b)
  28,528   1,253,520
ViacomCBS, Inc., Class B
  221,346   6,850,659
Vimeo, Inc.(b)
  13,731   265,146
        53,997,306
Consumer Discretionary-15.83%
Advance Auto Parts, Inc.
  7,754   1,711,463
Aptiv PLC(b)
  33,766   5,414,378
Aramark
  60,634   2,025,176
AutoNation, Inc.(b)(c)
  49,740   6,160,299
AutoZone, Inc.(b)
  783   1,422,766
Bath & Body Works, Inc.
  176,609   13,268,634
Best Buy Co., Inc.
  28,296   3,023,711
BorgWarner, Inc.
  56,998   2,466,873
Boyd Gaming Corp.(b)
  37,813   2,216,220
Brunswick Corp.
  39,847   3,742,032
Burlington Stores, Inc.(b)
  3,650   1,069,924
Caesars Entertainment, Inc.(b)
  5,616   505,833
Capri Holdings Ltd.(b)
  111,002   6,573,538
CarMax, Inc.(b)
  9,219   1,302,184
Carvana Co.(b)(c)
  7,196   2,017,902
Chipotle Mexican Grill, Inc.(b)
  347   570,263
Churchill Downs, Inc.
  2,068   463,687
D.R. Horton, Inc.
  48,988   4,786,128
Darden Restaurants, Inc.
  37,654   5,194,369
Deckers Outdoor Corp.(b)
  9,885   4,007,379
Dick’s Sporting Goods, Inc.
  61,616   7,243,577
Dollar Tree, Inc.(b)
  10,387   1,390,092
eBay, Inc.
  19,092   1,287,946
Etsy, Inc.(b)
  16,381   4,497,895
Five Below, Inc.(b)
  10,279   2,091,160
Floor & Decor Holdings, Inc., Class A(b)
  25,134   3,240,024
Foot Locker, Inc.(c)
  88,118   4,021,706
Ford Motor Co.
  938,694   18,013,538
GameStop Corp., Class A(b)(c)
  15,349   3,011,627
Gap, Inc. (The)(c)
  109,263   1,806,117
Garmin Ltd.
  7,878   1,052,028
General Motors Co.(b)
  170,780   9,883,039
Gentex Corp.
  15,876   546,611
Genuine Parts Co.
  27,587   3,523,963
H&R Block, Inc.
  69,146   1,637,377
Hanesbrands, Inc.(c)
  194,862   3,147,021
  Shares   Value
Consumer Discretionary-(continued)
Harley-Davidson, Inc.
  133,585   $4,893,219
Hasbro, Inc.
  10,965   1,062,618
Hilton Worldwide Holdings, Inc.(b)
  7,047   951,838
Kohl’s Corp.
  153,623   7,870,106
Lear Corp.
  30,699   5,150,985
Leggett & Platt, Inc.
  55,837   2,255,256
Lennar Corp., Class A
  49,558   5,206,068
Lithia Motors, Inc., Class A
  28,384   8,269,111
LKQ Corp.
  180,149   10,070,329
Lowe’s Cos., Inc.(c)
  6,250   1,528,687
Marriott International, Inc., Class A(b)
  6,260   923,726
Marriott Vacations Worldwide Corp.
  10,774   1,644,651
Mattel, Inc.(b)
  244,199   5,179,461
MGM Resorts International
  12,745   504,447
Mohawk Industries, Inc.(b)
  49,892   8,375,370
Newell Brands, Inc.
  164,927   3,540,983
Nordstrom, Inc.(b)(c)
  30,463   644,902
NVR, Inc.(b)
  306   1,598,954
O’Reilly Automotive, Inc.(b)
  1,711   1,091,892
Peloton Interactive, Inc., Class A(b)(c)
  22,321   982,124
Penn National Gaming, Inc.(b)(c)
  29,611   1,516,972
Penske Automotive Group, Inc.
  31,270   3,115,117
Petco Health & Wellness Co., Inc.(b)(c)
  21,599   414,053
Polaris, Inc.
  11,126   1,243,776
Pool Corp.
  4,768   2,642,044
PulteGroup, Inc.
  95,421   4,773,913
PVH Corp.
  28,771   3,072,167
Qurate Retail, Inc., Class A(c)
  364,871   2,918,968
Ralph Lauren Corp.
  14,407   1,671,788
RH(b)(c)
  7,492   4,369,185
Ross Stores, Inc.
  5,056   551,559
Service Corp. International
  19,585   1,295,744
Skechers U.S.A., Inc., Class A(b)
  23,570   1,058,764
Starbucks Corp.
  4,206   461,146
Tapestry, Inc.
  73,042   2,930,445
Target Corp.
  24,507   5,975,787
Tempur Sealy International, Inc.(c)
  156,588   6,708,230
Terminix Global Holdings, Inc.(b)
  13,267   495,124
TJX Cos., Inc. (The)
  7,386   512,588
Toll Brothers, Inc.
  104,924   6,659,526
TopBuild Corp.(b)
  10,827   2,921,016
Tractor Supply Co.
  12,387   2,791,163
Travel + Leisure Co.
  39,962   1,966,930
Ulta Beauty, Inc.(b)
  4,429   1,700,515
Under Armour, Inc., Class A(b)(c)
  48,976   1,155,344
Under Armour, Inc., Class C(b)
  48,872   980,861
Vail Resorts, Inc.
  6,800   2,255,628
VF Corp.
  4,918   352,768
Victoria’s Secret & Co.(b)
  58,945   3,199,535
Wayfair, Inc., Class A(b)(c)
  5,106   1,265,471
Whirlpool Corp.(c)
  44,889   9,774,131
Williams-Sonoma, Inc.(c)
  51,628   10,059,200
Wyndham Hotels & Resorts, Inc.
  8,669   689,012
YETI Holdings, Inc.(b)(c)
  44,677   4,117,432
Yum China Holdings, Inc. (China)
  9,282   465,028
Yum! Brands, Inc.
  7,486   919,580
        303,081,717
Consumer Staples-2.89%
Albertsons Cos., Inc., Class A(c)
  57,143   2,010,862
Altria Group, Inc.
  14,451   616,191
Archer-Daniels-Midland Co.
  95,622   5,948,645
Boston Beer Co., Inc. (The), Class A(b)(c)
  2,222   1,002,500
See accompanying notes which are an integral part of this schedule.
Invesco Russell 1000® Dynamic Multifactor ETF (OMFL)—(continued)
November 30, 2021
(Unaudited)
  Shares   Value
Consumer Staples-(continued)
Bunge Ltd.(c)
  117,626   $10,182,883
Casey’s General Stores, Inc.
  7,655   1,487,290
Conagra Brands, Inc.
  14,690   448,779
Constellation Brands, Inc., Class A(c)
  3,413   769,051
Costco Wholesale Corp.
  1,333   718,993
Darling Ingredients, Inc.(b)
  108,078   7,297,427
Estee Lauder Cos., Inc. (The), Class A
  4,408   1,463,765
Freshpet, Inc.(b)(c)
  7,926   856,166
Herbalife Nutrition Ltd.(b)
  7,492   279,901
Hershey Co. (The)
  6,829   1,212,079
JM Smucker Co. (The)
  9,109   1,152,015
Kraft Heinz Co. (The)
  15,698   527,610
Kroger Co. (The)
  18,392   763,820
Lamb Weston Holdings, Inc.
  5,713   296,619
Molson Coors Beverage Co., Class B
  30,604   1,360,042
Philip Morris International, Inc.
  6,934   595,908
Post Holdings, Inc.(b)(c)
  5,212   503,479
Spectrum Brands Holdings, Inc.
  41,038   4,107,904
Sysco Corp.
  42,358   2,966,754
Tyson Foods, Inc., Class A
  20,684   1,633,209
US Foods Holding Corp.(b)
  195,202   6,133,247
Walgreens Boots Alliance, Inc.
  23,078   1,033,894
        55,369,033
Energy-2.54%
Antero Midstream Corp.(c)
  251,712   2,444,123
APA Corp.
  53,092   1,368,181
Baker Hughes Co., Class A
  38,574   900,317
Cheniere Energy, Inc.
  40,556   4,250,674
Continental Resources, Inc.(c)
  15,985   708,775
Devon Energy Corp.
  45,843   1,928,157
Diamondback Energy, Inc.
  13,564   1,447,686
DT Midstream, Inc.(b)
  8,047   369,116
EOG Resources, Inc.
  29,810   2,593,470
EQT Corp.(b)
  118,123   2,295,130
Halliburton Co.
  94,688   2,044,314
Kinder Morgan, Inc.
  35,034   541,626
Marathon Oil Corp.
  160,319   2,483,341
Marathon Petroleum Corp.
  54,868   3,338,718
NOV, Inc.(b)
  42,777   509,902
Occidental Petroleum Corp.
  22,545   668,459
ONEOK, Inc.
  87,952   5,263,048
Phillips 66
  5,544   383,478
Pioneer Natural Resources Co.
  13,107   2,337,240
Schlumberger N.V.
  28,293   811,443
Targa Resources Corp.
  132,651   6,848,771
Texas Pacific Land Corp.
  1,688   2,040,404
Valero Energy Corp.
  14,656   981,073
Williams Cos., Inc. (The)
  74,031   1,983,290
        48,540,736
Financials-20.59%
Affiliated Managers Group, Inc.
  39,521   6,723,708
Aflac, Inc.
  82,590   4,471,423
AGNC Investment Corp.
  95,056   1,453,406
Alleghany Corp.(b)
  2,730   1,765,982
Allstate Corp. (The)
  18,798   2,043,719
Ally Financial, Inc.
  277,062   12,697,751
American Express Co.
  6,421   977,918
American Financial Group, Inc.
  66,648   8,904,839
American International Group, Inc.
  20,101   1,057,313
Ameriprise Financial, Inc.
  27,974   8,101,270
Aon PLC, Class A
  2,960   875,479
  Shares   Value
Financials-(continued)
Arch Capital Group Ltd.(b)
  44,474   $1,795,860
Arthur J. Gallagher & Co.
  14,779   2,407,499
Assurant, Inc.
  17,661   2,686,238
Assured Guaranty Ltd.
  71,418   3,497,339
Athene Holding Ltd., Class A(b)
  84,724   6,940,590
Bank of America Corp.
  11,608   516,208
Bank of Hawaii Corp.
  6,832   545,057
Bank of New York Mellon Corp. (The)
  27,259   1,493,521
Bank OZK
  72,463   3,239,821
Berkshire Hathaway, Inc., Class B(b)
  1,679   464,562
BlackRock, Inc.
  852   770,728
Blackstone, Inc., Class A
  14,231   2,012,975
Brighthouse Financial, Inc.(b)
  34,306   1,667,615
Brown & Brown, Inc.
  8,295   534,281
Capital One Financial Corp.
  79,607   11,187,172
Charles Schwab Corp. (The)
  22,497   1,741,043
Chubb Ltd.
  6,147   1,103,202
Cincinnati Financial Corp.
  62,840   7,157,476
Citizens Financial Group, Inc.
  116,006   5,483,604
Comerica, Inc.
  83,786   6,914,859
Commerce Bancshares, Inc.
  8,277   577,735
Cullen/Frost Bankers, Inc.
  14,304   1,800,731
Discover Financial Services
  103,996   11,215,969
East West Bancorp, Inc.
  78,424   6,038,648
Equitable Holdings, Inc.
  60,906   1,916,103
Evercore, Inc., Class A
  39,292   5,449,800
Everest Re Group Ltd.
  3,014   772,729
F.N.B. Corp.
  175,552   2,046,936
Fidelity National Financial, Inc.
  70,457   3,446,052
Fifth Third Bancorp
  143,196   6,035,711
First American Financial Corp.
  16,263   1,206,389
First Citizens BancShares, Inc., Class A
  3,682   2,960,254
First Hawaiian, Inc.
  44,657   1,172,246
First Horizon Corp.
  251,480   4,056,372
First Republic Bank
  12,629   2,647,796
Franklin Resources, Inc.
  50,600   1,639,440
Globe Life, Inc.
  15,455   1,337,476
Goldman Sachs Group, Inc. (The)
  3,075   1,171,544
Hanover Insurance Group, Inc. (The)
  7,761   944,902
Hartford Financial Services Group, Inc. (The)
  100,491   6,642,455
Huntington Bancshares, Inc.
  155,920   2,313,853
Interactive Brokers Group, Inc., Class A
  39,669   2,928,366
Invesco Ltd.(d)
  259,360   5,791,509
Janus Henderson Group PLC
  92,310   3,944,406
Jefferies Financial Group, Inc.
  214,874   8,074,965
KeyCorp
  262,120   5,881,973
KKR & Co., Inc., Class A
  16,523   1,230,137
Lazard Ltd., Class A
  46,605   1,986,305
Lincoln National Corp.
  99,321   6,587,962
Loews Corp.
  49,383   2,640,015
LPL Financial Holdings, Inc.
  37,704   5,942,527
M&T Bank Corp.
  13,498   1,978,942
Markel Corp.(b)
  995   1,188,846
Marsh & McLennan Cos., Inc.
  4,508   739,402
Mercury General Corp.
  15,060   768,361
MetLife, Inc.
  104,448   6,126,920
MGIC Investment Corp.
  242,403   3,417,882
Morgan Stanley
  22,232   2,108,038
Morningstar, Inc.
  2,924   907,405
MSCI, Inc.
  1,187   747,157
Nasdaq, Inc.
  4,451   904,577
New Residential Investment Corp.
  58,467   621,504
 
See accompanying notes which are an integral part of this schedule.
Invesco Russell 1000® Dynamic Multifactor ETF (OMFL)—(continued)
November 30, 2021
(Unaudited)
  Shares   Value
Financials-(continued)
Northern Trust Corp.
  17,520   $2,027,064
Old Republic International Corp.
  182,172   4,364,841
OneMain Holdings, Inc.
  87,011   4,332,278
PacWest Bancorp
  16,156   722,819
People’s United Financial, Inc.
  150,349   2,561,947
Pinnacle Financial Partners, Inc.
  46,282   4,415,766
PNC Financial Services Group, Inc. (The)
  17,541   3,455,577
Popular, Inc.
  81,253   6,323,108
Primerica, Inc.
  5,667   833,899
Principal Financial Group, Inc.
  79,829   5,474,673
Progressive Corp. (The)
  11,436   1,062,862
Prosperity Bancshares, Inc.
  6,643   473,513
Prudential Financial, Inc.
  75,849   7,756,319
Raymond James Financial, Inc.
  91,583   9,001,693
Regions Financial Corp.
  351,969   8,007,295
Reinsurance Group of America, Inc.
  21,014   1,994,439
Santander Consumer USA Holdings, Inc.
  54,470   2,274,122
Signature Bank
  25,882   7,824,129
SLM Corp.
  312,560   5,557,317
Starwood Property Trust, Inc.
  165,570   4,132,627
State Street Corp.
  20,260   1,802,532
Sterling Bancorp
  157,057   3,896,584
Stifel Financial Corp.
  100,155   7,112,007
SVB Financial Group(b)
  12,133   8,400,040
Synchrony Financial
  298,385   13,364,664
Synovus Financial Corp.
  80,403   3,641,452
T. Rowe Price Group, Inc.
  10,158   2,031,092
Travelers Cos., Inc. (The)
  13,788   2,026,147
Truist Financial Corp.
  40,965   2,429,634
U.S. Bancorp
  29,583   1,637,123
Unum Group
  200,080   4,621,848
Voya Financial, Inc.
  25,211   1,566,611
W.R. Berkley Corp.
  13,812   1,058,552
Webster Financial Corp.
  59,965   3,231,514
Wells Fargo & Co.
  14,333   684,831
Western Alliance Bancorporation
  64,699   7,102,656
White Mountains Insurance Group Ltd.
  556   557,612
Willis Towers Watson PLC
  4,859   1,097,357
Wintrust Financial Corp.
  9,135   799,587
Zions Bancorporation N.A.
  53,014   3,344,123
        394,145,052
Health Care-5.67%
10X Genomics, Inc., Class A(b)(c)
  3,770   576,094
Acadia Healthcare Co., Inc.(b)
  25,332   1,422,898
Agilent Technologies, Inc.
  8,674   1,308,907
Align Technology, Inc.(b)
  8,217   5,024,942
Amedisys, Inc.(b)
  1,797   250,951
Anthem, Inc.
  6,414   2,605,559
Avantor, Inc.(b)
  116,804   4,611,422
Bio-Rad Laboratories, Inc., Class A(b)
  1,798   1,354,254
Bio-Techne Corp.
  3,361   1,586,493
Bruker Corp.
  19,349   1,567,076
Catalent, Inc.(b)
  7,856   1,010,753
Centene Corp.(b)
  8,215   586,633
Change Healthcare, Inc.(b)
  201,665   4,089,766
Charles River Laboratories International, Inc.(b)
  10,799   3,951,030
Cigna Corp.
  6,163   1,182,680
Cooper Cos., Inc. (The)
  1,060   399,058
CVS Health Corp.
  20,084   1,788,681
DaVita, Inc.(b)
  21,866   2,066,337
DENTSPLY SIRONA, Inc.
  21,528   1,049,275
  Shares   Value
Health Care-(continued)
Edwards Lifesciences Corp.(b)
  4,377   $469,696
Elanco Animal Health, Inc.(b)
  19,400   557,556
Encompass Health Corp.
  12,639   728,259
Envista Holdings Corp.(b)
  83,644   3,245,387
Globus Medical, Inc., Class A(b)
  7,255   454,308
HCA Healthcare, Inc.
  40,112   9,048,866
Henry Schein, Inc.(b)
  13,163   935,363
Horizon Therapeutics PLC(b)
  36,819   3,820,339
Humana, Inc.
  1,553   651,810
IDEXX Laboratories, Inc.(b)
  2,960   1,799,887
Integra LifeSciences Holdings Corp.(b)
  7,866   503,031
IQVIA Holdings, Inc.(b)
  12,904   3,343,814
Jazz Pharmaceuticals PLC(b)
  13,251   1,588,397
Laboratory Corp. of America Holdings(b)
  20,320   5,797,906
Maravai LifeSciences Holdings, Inc., Class A(b)
  11,132   511,404
McKesson Corp.
  6,753   1,463,780
Mettler-Toledo International, Inc.(b)
  1,343   2,033,477
Moderna, Inc.(b)(c)
  11,227   3,956,732
Molina Healthcare, Inc.(b)
  10,678   3,045,152
Natera, Inc.(b)
  5,478   501,018
Novavax, Inc.(b)(c)
  7,488   1,562,221
Novocure Ltd.(b)(c)
  14,728   1,379,130
Organon & Co.
  91,854   2,684,892
PerkinElmer, Inc.
  12,883   2,346,767
PPD, Inc.(b)
  23,980   1,129,458
Quest Diagnostics, Inc.
  7,364   1,094,880
Repligen Corp.(b)
  4,045   1,158,892
Sage Therapeutics, Inc.(b)(c)
  50,531   1,966,161
STERIS PLC
  2,431   531,246
Stryker Corp.
  1,765   417,652
Syneos Health, Inc.(b)(c)
  23,974   2,329,314
United Therapeutics Corp.(b)
  14,287   2,707,386
Universal Health Services, Inc., Class B
  33,496   3,976,980
Waters Corp.(b)
  7,835   2,570,428
West Pharmaceutical Services, Inc.
  3,407   1,508,143
Zimmer Biomet Holdings, Inc.
  3,162   378,175
        108,630,716
Industrials-16.95%
3M Co.
  2,736   465,229
A.O. Smith Corp.
  25,060   1,980,993
Acuity Brands, Inc.
  29,621   5,964,188
Advanced Drainage Systems, Inc.
  37,733   4,667,949
AECOM(b)
  64,801   4,467,381
AGCO Corp.
  61,194   6,744,191
Air Lease Corp.
  45,932   1,864,380
Allegion PLC
  5,469   676,187
Allison Transmission Holdings, Inc.
  10,493   362,953
AMERCO
  6,405   4,512,707
AMETEK, Inc.
  12,934   1,765,491
Axon Enterprise, Inc.(b)
  2,531   427,208
Builders FirstSource, Inc.(b)
  175,493   12,186,234
C.H. Robinson Worldwide, Inc.
  10,591   1,007,098
Carlisle Cos., Inc.
  16,391   3,691,253
Carrier Global Corp.
  196,584   10,639,126
Caterpillar, Inc.
  11,372   2,198,776
ChargePoint Holdings, Inc.(b)(c)
  27,804   709,558
Cintas Corp.
  1,670   705,057
Clean Harbors, Inc.(b)
  16,557   1,679,542
Colfax Corp.(b)
  33,707   1,565,353
Copart, Inc.(b)
  9,057   1,314,714
Crane Co.
  27,000   2,606,580
CSX Corp.
  37,061   1,284,534
 
See accompanying notes which are an integral part of this schedule.
Invesco Russell 1000® Dynamic Multifactor ETF (OMFL)—(continued)
November 30, 2021
(Unaudited)
  Shares   Value
Industrials-(continued)
Cummins, Inc.
  12,422   $2,605,515
Curtiss-Wright Corp.
  7,586   954,471
Deere & Co.
  12,879   4,450,210
Donaldson Co., Inc.
  12,811   722,925
Dover Corp.
  19,592   3,210,149
Eaton Corp. PLC
  20,821   3,374,251
Emerson Electric Co.
  24,830   2,181,067
Equifax, Inc.
  4,510   1,256,712
Expeditors International of Washington, Inc.
  32,061   3,899,259
Fastenal Co.
  11,247   665,485
FedEx Corp.
  25,729   5,927,190
Flowserve Corp.
  40,807   1,223,394
Fortive Corp.
  11,101   820,031
Fortune Brands Home & Security, Inc.
  44,020   4,425,331
FTI Consulting, Inc.(b)(c)
  4,310   629,648
Gates Industrial Corp. PLC(b)
  25,194   403,860
Generac Holdings, Inc.(b)
  16,100   6,781,964
General Dynamics Corp.
  4,075   770,053
General Electric Co.
  33,058   3,140,179
Graco, Inc.
  20,966   1,528,212
GXO Logistics, Inc.(b)
  40,003   3,842,288
HEICO Corp., Class A(c)
  2,968   368,626
Honeywell International, Inc.
  3,512   710,267
Howmet Aerospace, Inc.
  138,040   3,883,065
Hubbell, Inc.
  11,173   2,186,556
Huntington Ingalls Industries, Inc.
  3,325   590,221
IAA, Inc.(b)
  12,398   598,823
IDEX Corp.
  5,081   1,141,142
IHS Markit Ltd.
  10,625   1,358,088
Illinois Tool Works, Inc.(c)
  3,221   747,755
Ingersoll Rand, Inc.
  48,637   2,837,506
ITT, Inc.
  24,457   2,313,143
J.B. Hunt Transport Services, Inc.
  10,700   2,045,412
Jacobs Engineering Group, Inc.
  30,644   4,368,609
Johnson Controls International PLC
  89,729   6,708,140
Kansas City Southern
  17,771   5,168,695
L3Harris Technologies, Inc.
  2,460   514,337
Landstar System, Inc.
  10,459   1,762,864
Leidos Holdings, Inc.
  4,913   431,902
Lennox International, Inc.
  5,517   1,704,863
Lincoln Electric Holdings, Inc.
  13,081   1,765,412
ManpowerGroup, Inc.
  44,983   4,031,826
Masco Corp.
  15,774   1,039,507
MasTec, Inc.(b)(c)
  55,161   5,084,189
Middleby Corp. (The)(b)
  33,439   5,841,125
MSA Safety, Inc.
  6,315   905,066
MSC Industrial Direct Co., Inc., Class A
  10,539   829,419
Nielsen Holdings PLC
  215,296   4,125,071
Norfolk Southern Corp.
  9,050   2,400,694
Northrop Grumman Corp.
  1,688   588,774
nVent Electric PLC
  60,585   2,110,176
Old Dominion Freight Line, Inc.
  6,299   2,237,216
Oshkosh Corp.(c)
  38,917   4,187,469
Otis Worldwide Corp.
  16,284   1,309,234
Owens Corning
  54,474   4,621,574
PACCAR, Inc.
  11,835   987,276
Parker-Hannifin Corp.
  14,814   4,474,717
Pentair PLC
  60,836   4,483,005
Plug Power, Inc.(b)(c)
  35,405   1,410,889
Quanta Services, Inc.
  135,867   15,458,947
Regal Rexnord Corp.
  20,575   3,252,908
Republic Services, Inc.
  8,941   1,182,537
  Shares   Value
Industrials-(continued)
Robert Half International, Inc.
  48,025   $5,338,939
Rockwell Automation, Inc.(c)
  2,277   765,527
Ryder System, Inc.
  51,290   4,261,173
Science Applications International Corp.
  4,968   416,766
Sensata Technologies Holding PLC(b)
  32,763   1,824,899
SiteOne Landscape Supply, Inc.(b)
  8,704   2,092,093
Snap-on, Inc.
  25,606   5,272,531
Stanley Black & Decker, Inc.
  16,228   2,836,005
Stericycle, Inc.(b)
  8,895   502,568
Sunrun, Inc.(b)(c)
  23,556   1,084,518
Textron, Inc.
  117,820   8,341,656
Timken Co. (The)
  53,258   3,505,974
Toro Co. (The)
  27,576   2,773,043
Trane Technologies PLC
  32,151   6,000,984
TransDigm Group, Inc.(b)
  733   423,711
Trex Co., Inc.(b)(c)
  13,420   1,781,773
United Parcel Service, Inc., Class B
  12,722   2,523,663
United Rentals, Inc.(b)
  33,156   11,231,263
Univar Solutions, Inc.(b)
  82,677   2,142,161
Valmont Industries, Inc.
  20,449   4,887,924
Vertiv Holdings Co.
  107,289   2,750,890
W.W. Grainger, Inc.
  5,395   2,597,207
Wabtec Corp.
  12,556   1,114,596
Waste Management, Inc.
  8,016   1,287,931
Watsco, Inc.
  9,605   2,811,480
Woodward, Inc.
  12,799   1,354,134
XPO Logistics, Inc.(b)
  40,003   2,897,817
Xylem, Inc.
  30,766   3,726,070
        324,613,217
Information Technology-17.28%
Accenture PLC, Class A
  1,664   594,714
Advanced Micro Devices, Inc.(b)
  11,384   1,802,884
Akamai Technologies, Inc.(b)
  4,041   455,421
Alliance Data Systems Corp.
  48,800   3,326,208
Amdocs Ltd.
  19,629   1,370,497
Amphenol Corp., Class A
  25,723   2,072,759
Analog Devices, Inc.
  29,504   5,318,096
Apple, Inc.
  5,408   893,942
Applied Materials, Inc.
  34,284   5,046,262
Arista Networks, Inc.(b)
  13,523   1,677,663
Arrow Electronics, Inc.(b)
  72,073   8,767,681
Aspen Technology, Inc.(b)
  8,001   1,160,385
Atlassian Corp. PLC, Class A(b)
  1,834   690,171
Automatic Data Processing, Inc.
  2,890   667,272
Avnet, Inc.
  97,299   3,529,035
Azenta, Inc.
  40,101   4,535,423
Bentley Systems, Inc., Class B
  14,617   701,470
Bill.com Holdings, Inc.(b)(c)
  7,490   2,103,567
Broadcom, Inc.
  1,895   1,049,224
Broadridge Financial Solutions, Inc.
  3,731   628,935
Cadence Design Systems, Inc.(b)
  7,788   1,382,059
CDK Global, Inc.
  14,984   578,982
CDW Corp.
  27,329   5,175,019
Cirrus Logic, Inc.(b)(c)
  5,517   442,353
Cloudflare, Inc., Class A(b)
  44,589   8,393,433
Cognex Corp.
  7,033   543,299
Cognizant Technology Solutions Corp., Class A
  32,892   2,564,918
Coherent, Inc.(b)
  2,765   715,942
CommScope Holding Co., Inc.(b)
  159,344   1,587,066
Concentrix Corp.
  18,221   3,024,686
Corning, Inc.
  117,303   4,350,768
 
See accompanying notes which are an integral part of this schedule.
Invesco Russell 1000® Dynamic Multifactor ETF (OMFL)—(continued)
November 30, 2021
(Unaudited)
  Shares   Value
Information Technology-(continued)
Crowdstrike Holdings, Inc., Class A(b)
  15,547   $3,375,876
Dell Technologies, Inc., Class C(b)
  245,949   13,888,740
Dolby Laboratories, Inc., Class A
  12,383   1,032,866
DXC Technology Co.(b)
  249,084   7,470,029
Enphase Energy, Inc.(b)
  24,444   6,111,000
Entegris, Inc.
  47,200   6,894,976
EPAM Systems, Inc.(b)
  11,085   6,745,777
Euronet Worldwide, Inc.(b)
  6,814   690,735
F5, Inc.(b)
  7,465   1,698,885
First Solar, Inc.(b)
  17,122   1,773,839
Five9, Inc.(b)
  10,430   1,484,502
Fortinet, Inc.(b)
  8,959   2,975,374
Gartner, Inc.(b)
  34,624   10,811,344
Genpact Ltd.
  12,772   616,504
Globant S.A.(b)
  4,718   1,250,317
Hewlett Packard Enterprise Co.
  782,140   11,223,709
HP, Inc.
  758,985   26,776,991
HubSpot, Inc.(b)
  9,119   7,358,212
International Business Machines Corp.
  6,339   742,297
Intuit, Inc.
  2,101   1,370,482
Jabil, Inc.
  134,090   7,838,901
Keysight Technologies, Inc.(b)
  4,884   949,840
KLA Corp.
  13,448   5,488,532
Kyndryl Holdings, Inc.(b)
  1,100   17,380
Lam Research Corp.
  7,170   4,874,525
Littelfuse, Inc.
  4,705   1,404,348
Mandiant, Inc.(b)
  41,705   707,734
Manhattan Associates, Inc.(b)
  8,645   1,350,003
Marvell Technology, Inc.
  16,310   1,160,783
McAfee Corp., Class A
  14,408   372,447
Microchip Technology, Inc.
  23,977   2,000,401
Micron Technology, Inc.
  43,499   3,653,916
MKS Instruments, Inc.
  13,760   2,093,722
MongoDB, Inc.(b)(c)
  1,359   676,918
Monolithic Power Systems, Inc.
  4,079   2,257,563
Motorola Solutions, Inc.
  7,902   2,000,628
NCR Corp.(b)(c)
  125,058   4,864,756
NetApp, Inc.
  149,864   13,319,912
NortonLifeLock, Inc.
  40,213   999,293
Nuance Communications, Inc.(b)
  103,731   5,756,033
NXP Semiconductors N.V. (China)
  18,786   4,196,041
ON Semiconductor Corp.(b)
  244,248   15,004,155
Oracle Corp.
  6,408   581,462
Palantir Technologies, Inc., Class A(b)(c)
  28,441   587,307
Palo Alto Networks, Inc.(b)
  5,625   3,076,538
Paychex, Inc.
  9,530   1,135,976
Paysafe Ltd.(b)(c)
  59,819   217,143
PTC, Inc.(b)
  18,287   2,003,890
Qorvo, Inc.(b)
  26,783   3,916,478
QUALCOMM, Inc.
  8,958   1,617,457
Shift4 Payments, Inc., Class A(b)(c)
  14,519   755,278
Skyworks Solutions, Inc.
  7,604   1,153,223
Square, Inc., Class A(b)
  8,508   1,772,472
SS&C Technologies Holdings, Inc.
  14,426   1,101,137
StoneCo Ltd., Class A (Brazil)(b)(c)
  15,374   239,834
Synopsys, Inc.(b)
  3,284   1,119,844
TD SYNNEX Corp.
  40,813   4,222,513
Teledyne Technologies, Inc.(b)
  1,039   431,486
Teradata Corp.(b)(c)
  106,943   4,643,465
Teradyne, Inc.
  23,935   3,658,944
Texas Instruments, Inc.
  5,325   1,024,370
Trade Desk, Inc. (The), Class A(b)
  8,089   836,564
  Shares   Value
Information Technology-(continued)
Trimble, Inc.(b)
  44,100   $3,786,867
Twilio, Inc., Class A(b)
  2,529   723,673
Unity Software, Inc.(b)
  6,416   1,106,054
Universal Display Corp.
  3,300   472,065
Vontier Corp.
  61,289   1,931,216
Western Digital Corp.(b)
  77,929   4,507,413
Western Union Co. (The)
  19,572   309,629
Wolfspeed, Inc.(b)(c)
  11,026   1,352,008
Workday, Inc., Class A(b)
  2,036   558,332
Xerox Holdings Corp.
  120,610   2,221,636
Xilinx, Inc.
  7,302   1,668,142
Zebra Technologies Corp., Class A(b)
  8,496   5,002,275
Zendesk, Inc.(b)
  12,173   1,242,985
Zscaler, Inc.(b)
  4,292   1,489,195
        330,897,291
Materials-10.01%
Air Products and Chemicals, Inc.
  1,500   431,160
Albemarle Corp.
  28,602   7,622,147
Alcoa Corp.
  183,394   8,533,323
Amcor PLC
  61,834   699,961
AptarGroup, Inc.
  7,233   864,995
Ardagh Group S.A.(e)
  16,236   401,841
Avery Dennison Corp.
  25,212   5,170,225
Axalta Coating Systems Ltd.(b)
  32,310   979,639
Ball Corp.
  7,542   704,800
Berry Global Group, Inc.(b)
  62,883   4,342,071
Celanese Corp.
  55,618   8,418,341
CF Industries Holdings, Inc.
  95,713   5,799,251
Chemours Co. (The)
  161,499   4,796,520
Cleveland-Cliffs, Inc.(b)(c)
  140,849   2,866,277
Corteva, Inc.
  91,913   4,136,085
Crown Holdings, Inc.
  56,937   6,023,935
Dow, Inc.
  87,378   4,799,674
DuPont de Nemours, Inc.
  25,276   1,869,413
Eagle Materials, Inc.
  40,352   6,223,085
Eastman Chemical Co.
  50,997   5,318,477
Element Solutions, Inc.
  129,029   2,950,893
Freeport-McMoRan, Inc.
  124,739   4,625,322
Graphic Packaging Holding Co.
  46,514   918,186
Huntsman Corp.
  99,515   3,153,630
International Paper Co.
  151,143   6,880,029
Louisiana-Pacific Corp.
  100,063   6,539,117
LyondellBasell Industries N.V., Class A
  45,684   3,980,447
Martin Marietta Materials, Inc.
  11,105   4,480,979
Mosaic Co. (The)
  317,045   10,849,280
Newmont Corp.
  11,478   630,372
Nucor Corp.
  120,985   12,855,866
Olin Corp.
  37,020   2,012,037
Packaging Corp. of America
  19,525   2,549,770
PPG Industries, Inc.
  23,854   3,677,571
Reliance Steel & Aluminum Co.
  34,378   5,109,602
RPM International, Inc.
  6,808   619,800
Scotts Miracle-Gro Co. (The)
  11,401   1,651,891
Sealed Air Corp.
  100,636   6,251,508
Sherwin-Williams Co. (The)
  4,029   1,334,566
Silgan Holdings, Inc.
  20,040   831,059
Sonoco Products Co.
  14,803   860,498
Southern Copper Corp. (Peru)
  6,246   365,391
Steel Dynamics, Inc.
  165,620   9,904,076
Sylvamo Corp.(b)
  13,428   406,600
United States Steel Corp.
  130,694   2,954,991
Valvoline, Inc.
  80,484   2,742,090
 
See accompanying notes which are an integral part of this schedule.
Invesco Russell 1000® Dynamic Multifactor ETF (OMFL)—(continued)
November 30, 2021
(Unaudited)
  Shares   Value
Materials-(continued)
Vulcan Materials Co.
  11,764   $2,254,453
Westlake Chemical Corp.
  17,074   1,586,516
WestRock Co.
  200,700   8,708,373
        191,686,133
Real Estate-3.70%
American Homes 4 Rent, Class A
  14,695   589,123
Apartment Income REIT Corp.
  13,768   698,864
AvalonBay Communities, Inc.
  3,585   856,349
Boston Properties, Inc.
  6,925   746,792
Brixmor Property Group, Inc.
  105,156   2,391,247
Camden Property Trust
  4,303   710,899
CBRE Group, Inc., Class A(b)
  98,892   9,451,108
CubeSmart
  36,731   1,980,535
Duke Realty Corp.
  10,712   624,831
Equity Residential
  8,160   696,130
Essex Property Trust, Inc.
  1,856   630,001
Extra Space Storage, Inc.
  12,969   2,593,800
Federal Realty Investment Trust(c)
  4,670   572,869
First Industrial Realty Trust, Inc.
  8,172   493,671
Gaming and Leisure Properties, Inc.
  9,011   406,576
Healthpeak Properties, Inc.
  16,262   534,369
Howard Hughes Corp. (The)(b)
  7,134   584,917
Invitation Homes, Inc.
  12,029   486,453
Iron Mountain, Inc.(c)
  97,376   4,424,765
Jones Lang LaSalle, Inc.(b)
  45,249   10,629,443
Kimco Realty Corp.
  225,374   5,052,885
Lamar Advertising Co., Class A
  7,997   873,752
Life Storage, Inc.
  12,963   1,712,931
Mid-America Apartment Communities, Inc.
  5,508   1,136,025
National Retail Properties, Inc.(c)
  10,673   470,679
Omega Healthcare Investors, Inc.(c)
  15,245   425,945
Opendoor Technologies, Inc.(b)(c)
  23,132   366,411
Public Storage
  3,518   1,151,723
Rayonier, Inc.
  19,611   740,707
Regency Centers Corp.
  13,237   917,854
Simon Property Group, Inc.
  39,474   6,033,206
SL Green Realty Corp.
  25,373   1,761,647
Spirit Realty Capital, Inc.
  8,324   370,917
STORE Capital Corp.
  21,718   715,391
Ventas, Inc.
  46,284   2,171,645
VICI Properties, Inc.(c)
  51,598   1,403,466
Welltower, Inc.
  15,745   1,253,617
Weyerhaeuser Co.
  89,941   3,382,681
Zillow Group, Inc., Class A(b)(c)
  4,432   239,816
Zillow Group, Inc., Class C(b)(c)
  10,863   589,535
        70,873,575
  Shares   Value
Utilities-1.46%
AES Corp. (The)
  396,246   $9,264,232
Alliant Energy Corp.
  8,988   492,453
Ameren Corp.
  8,441   688,701
American Electric Power Co., Inc.
  4,758   385,636
American Water Works Co., Inc.
  3,564   600,783
Brookfield Renewable Corp., Class A
  11,431   423,290
CenterPoint Energy, Inc.
  55,958   1,449,872
Consolidated Edison, Inc.
  6,332   491,616
DTE Energy Co.
  16,581   1,796,386
Duke Energy Corp.
  8,228   798,198
Entergy Corp.
  7,001   702,480
Exelon Corp.
  24,232   1,277,753
Hawaiian Electric Industries, Inc.
  11,114   422,221
MDU Resources Group, Inc.
  111,288   3,030,372
National Fuel Gas Co.
  9,519   550,293
Pinnacle West Capital Corp.
  7,065   459,578
PPL Corp.
  23,395   651,083
Public Service Enterprise Group, Inc.
  23,052   1,440,520
Sempra Energy
  4,784   573,458
Southern Co. (The)
  11,690   714,259
UGI Corp.
  42,622   1,758,158
        27,971,342
TOTAL INVESTMENTS IN SECURITIES

(excluding investments purchased with cash collateral from securities on loan)-99.74%

(Cost $1,753,876,013)
  1,909,806,118
Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds-5.25%
Invesco Private Government Fund, 0.02%(d)(f)(g)
  30,126,548   30,126,548
Invesco Private Prime Fund, 0.11%(d)(f)(g)
  70,298,944   70,320,032
Total Investments Purchased with Cash Collateral from Securities on Loan

(Cost $100,450,271)
  100,446,580
TOTAL INVESTMENTS IN SECURITIES-104.99%

(Cost $1,854,326,284)
  2,010,252,698
OTHER ASSETS LESS LIABILITIES-(4.99)%
  (95,581,338)
NET ASSETS-100.00%
  $1,914,671,360
 
See accompanying notes which are an integral part of this schedule.
Invesco Russell 1000® Dynamic Multifactor ETF (OMFL)—(continued)
November 30, 2021
(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) Non-income producing security.
(c) All or a portion of this security was out on loan at November 30, 2021.
(d) Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the three months ended November 30, 2021.
    
  Value
August 31, 2021 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation
(Depreciation) 		  Realized
Gain
(Loss) 		  Value
November 30, 2021 		  Dividend
Income
Invesco Ltd. $5,712,774   $839,792   $(33,813)   $(748,616)   $21,372   $5,791,509   $41,461
Investments in Affiliated Money Market Funds:                          
Invesco Government & Agency Portfolio, Institutional Class -   11,953,451   (11,953,451)   -   -   -   63
Investments Purchased with Cash Collateral from Securities on Loan:                          
Invesco Private Government Fund 13,579,808   67,448,150   (50,901,410)   -   -   30,126,548   1,150*
Invesco Private Prime Fund 31,686,217   126,452,396   (87,811,654)   (3,691)   (3,236)   70,320,032   14,214*
Total $50,978,799   $206,693,789   $(150,700,328)   $(752,307)   $18,136   $106,238,089   $56,888
    
* 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) Security valued using significant unobservable inputs (Level 3). See Note 1.
(f) The rate shown is the 7-day SEC standardized yield as of November 30, 2021.
(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 Russell 2000® Dynamic Multifactor ETF (OMFS)
November 30, 2021
(Unaudited)
  Shares   Value
Common Stocks & Other Equity Interests-99.88%
Communication Services-3.73%
AMC Networks, Inc., Class A(b)(c)
  5,190   $200,386
Boston Omaha Corp., Class A(b)
  1,516   43,433
Cars.com, Inc.(b)
  4,046   67,487
Chicken Soup For The Soul Entertainment, Inc.(b)(c)
  1,566   20,593
Consolidated Communications Holdings, Inc.(b)
  11,523   86,653
E.W. Scripps Co. (The), Class A
  23,530   436,011
Entercom Communications Corp.(b)(c)
  41,677   102,942
Entravision Communications Corp., Class A
  48,558   360,786
Eventbrite, Inc., Class A(b)
  2,725   41,148
Gannett Co., Inc.(b)
  66,271   338,645
Globalstar, Inc.(b)
  47,068   65,425
Gogo, Inc.(b)(c)
  13,298   170,480
Gray Television, Inc.
  5,713   117,802
IDT Corp., Class B(b)
  19,488   1,057,809
iHeartMedia, Inc., Class A(b)
  3,141   61,595
IMAX Corp.(b)
  1,620   26,714
John Wiley & Sons, Inc., Class A
  940   48,861
Liberty Latin America Ltd., Class A (Chile)(b)
  3,295   37,431
Liberty Latin America Ltd., Class C (Chile)(b)
  3,746   42,105
Lions Gate Entertainment Corp., Class A(b)(c)
  11,662   170,848
Lions Gate Entertainment Corp., Class B(b)
  12,622   172,290
Magnite, Inc.(b)(c)
  5,143   90,671
MediaAlpha, Inc., Class A(b)
  1,247   19,229
Meredith Corp.(b)
  10,092   595,428
QuinStreet, Inc.(b)
  5,809   88,936
Sinclair Broadcast Group, Inc., Class A
  5,280   123,182
Stagwell, Inc.(b)(c)
  51,186   395,156
TechTarget, Inc.(b)
  2,889   279,164
TEGNA, Inc.
  6,062   119,725
Telephone & Data Systems, Inc.
  2,432   42,998
Telesat Corp. (Canada)(b)(c)
  3,007   92,555
Thryv Holdings, Inc.(b)
  3,256   127,277
TrueCar, Inc.(b)(c)
  18,610   61,227
WideOpenWest, Inc.(b)
  21,574   401,276
Yelp, Inc.(b)
  1,298   44,495
Ziff Davis, Inc.(b)
  339   38,602
        6,189,365
Consumer Discretionary-19.17%
1-800-Flowers.com, Inc., Class A(b)(c)
  2,003   59,649
Aaron’s Co., Inc. (The)
  5,145   114,219
Abercrombie & Fitch Co., Class A(b)(c)
  13,968   502,848
Academy Sports & Outdoors, Inc.(b)
  3,147   140,419
Adient PLC(b)
  6,377   270,704
American Axle & Manufacturing Holdings, Inc.(b)
  10,419   92,312
American Eagle Outfitters, Inc.
  3,382   87,560
America’s Car-Mart, Inc.(b)
  883   86,658
AMMO, Inc.(b)(c)
  16,285   100,967
Arcimoto, Inc.(b)(c)
  3,991   40,828
Asbury Automotive Group, Inc.(b)(c)
  2,027   331,698
Aterian, Inc.(b)(c)
  5,400   26,352
Bally’s Corp.(b)
  1,946   74,610
Barnes & Noble Education, Inc.(b)
  41,414   290,726
Bassett Furniture Industries, Inc.
  11,166   170,170
Beazer Homes USA, Inc.(b)
  18,123   355,936
Bed Bath & Beyond, Inc.(b)(c)
  14,925   273,575
Big 5 Sporting Goods Corp.
  22,993   545,624
Big Lots, Inc.(c)
  5,014   217,507
Biglari Holdings, Inc., Class B(b)
  576   81,717
BJ’s Restaurants, Inc.(b)
  5,333   159,243
Bloomin’ Brands, Inc.(b)
  12,271   216,829
  Shares   Value
Consumer Discretionary-(continued)
Bluegreen Vacations Holding Corp.(b)
  4,926   $146,450
Boot Barn Holdings, Inc.(b)
  6,153   752,758
Brinker International, Inc.(b)
  6,280   217,288
Buckle, Inc. (The)(c)
  7,237   340,429
Caleres, Inc.
  17,411   411,074
Camping World Holdings, Inc., Class A(c)
  2,541   111,448
CarParts.com, Inc.(b)(c)
  5,424   67,095
Carriage Services, Inc.
  5,125   265,168
Cato Corp. (The), Class A
  2,833   46,603
Century Casinos, Inc.(b)(c)
  11,098   144,829
Century Communities, Inc.
  4,931   350,446
Cheesecake Factory, Inc. (The)(b)(c)
  2,685   102,889
Chico’s FAS, Inc.(b)
  21,060   120,674
Children’s Place, Inc. (The)(b)
  2,523   218,315
Chuy’s Holdings, Inc.(b)
  8,280   237,305
Citi Trends, Inc.(b)(c)
  7,972   676,026
Clarus Corp.
  5,329   140,632
Conn’s, Inc.(b)
  11,826   258,753
Container Store Group, Inc. (The)(b)(c)
  35,002   407,073
Cooper-Standard Holdings, Inc.(b)
  3,410   78,737
Cracker Barrel Old Country Store, Inc.
  282   34,410
Crocs, Inc.(b)
  1,274   208,962
Dana, Inc.
  9,674   207,991
Dave & Buster’s Entertainment, Inc.(b)
  2,554   82,954
Del Taco Restaurants, Inc.
  5,242   40,154
Denny’s Corp.(b)
  3,318   45,954
Designer Brands, Inc., Class A(b)(c)
  4,207   57,552
Dillard’s, Inc., Class A(c)
  1,867   511,371
Dine Brands Global, Inc.(b)
  1,873   134,519
Dorman Products, Inc.(b)
  439   48,720
Duluth Holdings, Inc., Class B(b)
  5,971   82,818
Escalade, Inc.
  3,808   64,774
Ethan Allen Interiors, Inc.
  11,408   256,680
Everi Holdings, Inc.(b)
  12,887   267,276
Fiesta Restaurant Group, Inc.(b)
  10,826   101,007
Flexsteel Industries, Inc.
  5,662   160,688
Fossil Group, Inc.(b)
  27,113   324,000
Franchise Group, Inc.(c)
  2,384   113,836
Full House Resorts, Inc.(b)(c)
  20,925   187,488
Funko, Inc., Class A(b)
  14,284   233,401
Genesco, Inc.(b)
  10,335   653,172
Gentherm, Inc.(b)
  1,569   132,502
G-III Apparel Group Ltd.(b)
  12,655   375,094
Golden Entertainment, Inc.(b)
  4,642   213,114
Goodyear Tire & Rubber Co. (The)(b)
  8,612   173,187
GoPro, Inc., Class A(b)(c)
  20,492   204,920
Graham Holdings Co., Class B
  387   219,243
Green Brick Partners, Inc.(b)
  6,336   158,083
Group 1 Automotive, Inc.
  2,979   580,160
Groupon, Inc.(b)(c)
  1,617   33,407
GrowGeneration Corp.(b)(c)
  5,796   94,475
Guess?, Inc.
  11,103   250,373
Hamilton Beach Brands Holding Co., Class A
  4,882   73,230
Haverty Furniture Cos., Inc., (Acquired 06/02/2020 - 11/29/2021; Cost $402,811)(d)
  13,562   405,639
Hibbett, Inc.(c)
  9,731   758,531
Hilton Grand Vacations, Inc.(b)
  1,744   82,840
Hooker Furnishings Corp.
  5,955   141,372
Houghton Mifflin Harcourt Co.(b)
  14,339   223,115
Hovnanian Enterprises, Inc., Class A(b)
  5,487   524,063
Installed Building Products, Inc.
  557   71,903
See accompanying notes which are an integral part of this schedule.
Invesco Russell 2000® Dynamic Multifactor ETF (OMFS)—(continued)
November 30, 2021
(Unaudited)
  Shares   Value
Consumer Discretionary-(continued)
International Game Technology PLC
  2,917   $78,817
Jack in the Box, Inc.
  776   64,098
JOANN, Inc.
  3,546   32,410
Johnson Outdoors, Inc., Class A
  411   42,760
Kirkland’s, Inc.(b)(c)
  17,494   377,695
Kontoor Brands, Inc.
  5,003   269,762
Lands’ End, Inc.(b)(c)
  10,904   250,901
La-Z-Boy, Inc.
  2,687   89,719
Lazydays Holdings, Inc.(b)(c)
  9,446   191,093
LGI Homes, Inc.(b)
  450   64,647
Lifetime Brands, Inc.
  12,604   204,689
Liquidity Services, Inc.(b)
  11,194   253,768
Lovesac Co. (The)(b)(c)
  3,911   247,488
Lumber Liquidators Holdings, Inc.(b)
  8,136   124,806
M.D.C. Holdings, Inc.
  1,596   76,353
M/I Homes, Inc.(b)
  4,576   255,753
Macy’s, Inc.
  8,774   250,059
Malibu Boats, Inc., Class A(b)
  1,057   73,430
MarineMax, Inc.(b)
  11,893   633,540
MasterCraft Boat Holdings, Inc.(b)
  2,454   67,141
Meritage Homes Corp.(b)
  500   56,430
Modine Manufacturing Co.(b)
  37,209   385,485
Monarch Casino & Resort, Inc.(b)
  1,489   100,314
Motorcar Parts of America, Inc.(b)(c)
  1,942   31,150
Movado Group, Inc.
  6,057   271,778
National Vision Holdings, Inc.(b)
  941   45,206
Nautilus, Inc.(b)(c)
  16,283   111,539
Noodles & Co.(b)
  10,180   104,752
ODP Corp. (The)(b)
  4,800   181,248
ONE Group Hospitality, Inc. (The)(b)(c)
  10,449   136,986
OneWater Marine, Inc., Class A
  5,912   302,576
Overstock.com, Inc.(b)
  3,902   348,293
Oxford Industries, Inc.
  1,911   182,577
Party City Holdco, Inc.(b)(c)
  31,193   171,562
Patrick Industries, Inc.
  1,142   91,097
PlayAGS, Inc.(b)
  5,651   40,687
Purple Innovation, Inc.(b)
  1,964   20,268
Quotient Technology, Inc.(b)
  3,599   25,229
RCI Hospitality Holdings, Inc.
  3,756   237,792
Red Robin Gourmet Burgers, Inc.(b)
  4,022   65,559
Red Rock Resorts, Inc., Class A
  5,033   239,269
Rent-A-Center, Inc.
  3,498   154,507
Revolve Group, Inc.(b)
  6,903   525,802
Rocky Brands, Inc.
  4,321   153,525
Ruth’s Hospitality Group, Inc.(b)
  11,410   193,970
Sally Beauty Holdings, Inc.(b)(c)
  9,907   194,078
Scientific Games Corp.(b)
  1,498   95,752
SeaWorld Entertainment, Inc.(b)
  1,144   67,485
Shoe Carnival, Inc.
  8,420   329,222
Shutterstock, Inc.
  1,526   173,979
Signet Jewelers Ltd.
  11,032   1,071,649
Skyline Champion Corp.(b)
  2,245   175,671
Sleep Number Corp.(b)(c)
  3,495   278,831
Smith & Wesson Brands, Inc.
  3,123   71,048
Sonic Automotive, Inc., Class A(c)
  2,531   113,667
Sonos, Inc.(b)
  5,231   165,561
Sportsman’s Warehouse Holdings, Inc.(b)
  5,180   88,215
Standard Motor Products, Inc.
  803   40,182
Steven Madden Ltd.
  1,552   73,642
Stitch Fix, Inc., Class A(b)
  1,233   30,702
StoneMor, Inc.(b)
  18,227   44,838
Stoneridge, Inc.(b)
  3,346   73,043
  Shares   Value
Consumer Discretionary-(continued)
Superior Group of Cos., Inc.
  9,007   $201,397
Taylor Morrison Home Corp., Class A(b)
  2,529   78,551
Tenneco, Inc., Class A(b)
  13,842   145,341
Texas Roadhouse, Inc.
  437   36,245
Tilly’s, Inc., Class A
  14,449   217,024
Tri Pointe Homes, Inc.(b)
  5,753   143,652
Tupperware Brands Corp.(b)
  34,011   531,932
Unifi, Inc.(b)
  6,145   125,174
Urban Outfitters, Inc.(b)
  2,532   80,188
Vera Bradley, Inc.(b)
  13,735   130,620
Vista Outdoor, Inc.(b)
  13,654   596,270
Visteon Corp.(b)
  446   47,240
VOXX International Corp.(b)
  14,807   152,364
Vuzix Corp.(b)(c)
  13,292   143,155
Wolverine World Wide, Inc.
  1,983   61,731
Workhorse Group, Inc.(b)(c)
  7,656   44,711
WW International, Inc.(b)(c)
  1,077   18,115
XPEL, Inc.(b)(e)
  2,356   169,373
Zumiez, Inc.(b)
  2,308   105,614
        31,809,913
Consumer Staples-2.36%
22nd Century Group, Inc.(b)(c)
  45,388   113,924
Andersons, Inc. (The)
  12,749   433,211
B&G Foods, Inc.(c)
  2,060   62,068
Beauty Health Co. (The)(b)(c)
  6,401   166,170
BellRing Brands, Inc., Class A(b)
  3,573   76,891
Celsius Holdings, Inc.(b)(c)
  1,264   86,470
Central Garden & Pet Co., Class A(b)
  1,513   65,589
Chefs’ Warehouse, Inc. (The)(b)(c)
  6,075   188,750
Coca-Cola Consolidated, Inc.
  156   89,009
Edgewell Personal Care Co.
  2,477   105,173
elf Beauty, Inc.(b)
  2,064   62,168
Fresh Del Monte Produce, Inc.
  2,555   63,262
Hostess Brands, Inc.(b)(c)
  2,745   46,638
Ingles Markets, Inc., Class A
  2,303   176,824
Medifast, Inc.
  703   144,635
MGP Ingredients, Inc.
  1,495   116,580
Mission Produce, Inc.(b)(c)
  3,952   69,990
Nature’s Sunshine Products, Inc.
  8,588   145,996
Nu Skin Enterprises, Inc., Class A
  1,713   75,166
Performance Food Group Co.(b)
  4,382   176,638
PriceSmart, Inc.
  809   58,021
Rite Aid Corp.(b)(c)
  6,877   84,725
Sanderson Farms, Inc.
  243   45,631
Seneca Foods Corp., Class A(b)
  1,174   50,142
Simply Good Foods Co. (The)(b)
  2,481   91,723
SpartanNash Co.
  2,163   51,761
Sprouts Farmers Market, Inc.(b)(c)
  1,368   36,197
Turning Point Brands, Inc.(c)
  2,282   86,716
United Natural Foods, Inc.(b)
  11,675   580,481
Universal Corp.
  2,408   112,141
Utz Brands, Inc.(c)
  3,610   50,937
Vector Group Ltd.
  4,034   62,688
Veru, Inc.(b)(c)
  12,709   95,317
Vital Farms, Inc.(b)(c)
  2,806   47,449
        3,919,081
Energy-6.12%
Aemetis, Inc.(b)(c)
  10,823   203,039
AgEagle Aerial Systems, Inc.(b)
  24,844   56,147
Alto Ingredients, Inc.(b)(c)
  88,863   462,976
Altus Midstream Co., Class A
  3,152   199,774
 
See accompanying notes which are an integral part of this schedule.
Invesco Russell 2000® Dynamic Multifactor ETF (OMFS)—(continued)
November 30, 2021
(Unaudited)
  Shares   Value
Energy-(continued)
Antero Resources Corp.(b)
  15,483   $271,882
Arch Resources, Inc.
  1,151   89,191
Archrock, Inc.
  13,324   98,464
Aspen Aerogels, Inc.(b)
  7,265   415,267
Brigham Minerals, Inc., Class A
  3,087   64,086
Bristow Group, Inc.(b)
  2,276   67,597
Cactus, Inc., Class A
  3,119   113,844
Callon Petroleum Co.(b)
  6,344   322,529
Centennial Resource Development, Inc., Class A(b)
  11,729   73,072
Centrus Energy Corp.(b)(c)
  5,762   319,733
ChampionX Corp.(b)
  3,186   65,026
Chesapeake Energy Corp.(c)
  1,612   95,978
Civitas Resources, Inc.
  10,816   552,806
Clean Energy Fuels Corp.(b)(c)
  34,032   244,009
CNX Resources Corp.(b)(c)
  3,710   50,604
CONSOL Energy, Inc.(b)
  22,258   488,563
DHT Holdings, Inc.(c)
  12,148   67,421
DMC Global, Inc.(b)(c)
  1,695   61,868
Dorian LPG Ltd.
  11,914   146,661
Earthstone Energy, Inc., Class A(b)(c)
  17,314   176,949
Energy Fuels, Inc.(b)(c)
  32,188   280,358
Falcon Minerals Corp.
  7,730   35,867
Frontline Ltd. (Norway)(b)(c)
  4,857   33,270
FTS International, Inc., Class A(b)
  2,357   62,083
Gevo, Inc.(b)(c)
  35,518   204,229
Green Plains, Inc.(b)(c)
  15,355   593,471
Helix Energy Solutions Group, Inc.(b)(c)
  12,449   37,845
Helmerich & Payne, Inc.
  1,206   27,075
Kosmos Energy Ltd. (Ghana)(b)(c)
  11,816   43,247
Laredo Petroleum, Inc.(b)(c)
  8,842   520,794
Liberty Oilfield Services, Inc., Class A(b)
  5,254   48,337
Matador Resources Co.
  5,465   214,611
Nabors Industries Ltd.(b)(c)
  3,230   263,116
National Energy Services Reunited Corp.(b)(c)
  9,386   93,015
Newpark Resources, Inc.(b)
  13,701   37,404
Northern Oil and Gas, Inc.(c)
  2,561   52,193
Oceaneering International, Inc.(b)
  8,528   91,164
Ovintiv, Inc.
  2,741   95,277
Patterson-UTI Energy, Inc.
  9,190   64,881
PDC Energy, Inc.
  5,124   258,403
Peabody Energy Corp.(b)(c)
  10,212   101,712
ProPetro Holding Corp.(b)
  14,104   115,935
Range Resources Corp.(b)
  6,146   120,216
Ranger Oil Corp.(b)
  2,589   69,696
Renewable Energy Group, Inc.(b)(c)
  3,970   189,687
Scorpio Tankers, Inc. (Monaco)(c)
  5,803   80,720
SM Energy Co.
  20,571   596,559
Southwestern Energy Co.(b)(c)
  8,224   36,844
Teekay Corp. (Bermuda)(b)(c)
  10,696   35,511
Tellurian, Inc.(b)(c)
  12,066   39,335
TETRA Technologies, Inc.(b)
  113,981   297,490
Tidewater, Inc.(b)
  2,559   26,690
Uranium Energy Corp.(b)(c)
  63,936   250,629
Ur-Energy, Inc.(b)
  50,322   74,980
US Silica Holdings, Inc.(b)
  25,790   250,163
W&T Offshore, Inc.(b)(c)
  12,256   42,161
World Fuel Services Corp.
  2,081   52,004
        10,144,458
Financials-21.32%
1st Source Corp.
  1,075   49,719
Alerus Financial Corp.
  1,887   56,799
  Shares   Value
Financials-(continued)
Allegiance Bancshares, Inc.
  2,802   $113,285
A-Mark Precious Metals, Inc.
  9,850   682,113
American Equity Investment Life Holding Co.
  2,161   72,674
American National Bankshares, Inc.
  1,554   56,845
American National Group, Inc.
  413   78,160
Ameris Bancorp
  5,831   283,795
Apollo Commercial Real Estate Finance, Inc.
  7,066   95,603
Arbor Realty Trust, Inc.
  9,273   162,741
Ares Commercial Real Estate Corp.
  7,675   112,976
Argo Group International Holdings Ltd.
  2,343   127,178
Arrow Financial Corp.
  1,136   39,192
Artisan Partners Asset Management, Inc., Class A
  1,604   71,747
Associated Banc-Corp.
  4,716   103,280
Atlantic Capital Bancshares, Inc.(b)
  9,164   256,042
Atlantic Union Bankshares Corp.
  3,149   102,374
Atlanticus Holdings Corp.(b)(c)
  5,943   353,192
Axos Financial, Inc.(b)
  5,205   294,655
B. Riley Financial, Inc.
  6,044   467,987
Banc of California, Inc.
  5,215   102,162
BancFirst Corp.
  1,130   71,902
Banco Latinoamericano de Comercio Exterior S.A., Class E (Panama)
  3,517   57,151
Bancorp, Inc. (The)(b)
  2,682   75,820
Bank of NT Butterfield & Son Ltd. (The) (Bermuda)
  3,574   131,630
BankUnited, Inc.
  4,800   190,272
Banner Corp.
  1,722   98,636
Bar Harbor Bankshares
  2,064   58,968
Berkshire Hills Bancorp, Inc.
  3,314   88,517
BGC Partners, Inc., Class A
  51,688   231,045
Bridgewater Bancshares, Inc.(b)
  4,341   74,188
Brightsphere Investment Group, Inc.
  12,724   382,102
Brookline Bancorp, Inc.
  9,333   144,008
BRP Group, Inc., Class A(b)
  2,185   80,932
Bryn Mawr Bank Corp.
  3,126   139,420
Business First Bancshares, Inc.
  3,208   88,220
Byline Bancorp, Inc.
  5,773   149,925
Cadence Bank
  11,930   348,595
Cambridge Bancorp
  854   75,818
Camden National Corp.
  1,462   66,989
Capital Bancorp, Inc.
  3,353   89,089
Capstar Financial Holdings, Inc.
  4,769   99,338
Carter Bankshares, Inc.(b)
  4,019   58,316
Cathay General Bancorp
  1,782   74,684
CBTX, Inc.(c)
  1,511   42,006
Central Pacific Financial Corp.
  6,092   163,083
Chimera Investment Corp.
  3,209   51,023
CIT Group, Inc.
  2,049   100,524
City Holding Co.
  670   52,568
Civista Bancshares, Inc.
  2,918   68,661
CNB Financial Corp.
  2,061   54,307
CNO Financial Group, Inc.
  6,029   136,617
Coastal Financial Corp.(b)
  2,820   123,319
Columbia Banking System, Inc.(c)
  1,718   56,453
Community Trust Bancorp, Inc.
  1,510   63,420
ConnectOne Bancorp, Inc.
  7,133   231,823
Cowen, Inc., Class A
  18,226   644,836
CrossFirst Bankshares, Inc.(b)
  4,072   56,967
Curo Group Holdings Corp.
  8,934   148,215
Customers Bancorp, Inc.(b)
  17,369   1,001,149
Diamond Hill Investment Group, Inc.
  687   131,966
 
See accompanying notes which are an integral part of this schedule.
Invesco Russell 2000® Dynamic Multifactor ETF (OMFS)—(continued)
November 30, 2021
(Unaudited)
  Shares   Value
Financials-(continued)
Dime Community Bancshares, Inc.
  2,171   $74,465
Donnelley Financial Solutions, Inc.(b)
  21,614   1,009,806
Dynex Capital, Inc.
  5,127   85,723
Eagle Bancorp, Inc.
  3,110   175,249
Eastern Bankshares, Inc.
  2,163   43,541
Ellington Financial, Inc.
  6,540   108,368
Employers Holdings, Inc.
  1,984   76,602
Encore Capital Group, Inc.(b)(c)
  1,313   76,600
Enova International, Inc.(b)
  18,836   718,028
Enstar Group Ltd.(b)
  206   45,959
Enterprise Bancorp, Inc.
  1,382   54,478
Enterprise Financial Services Corp.
  5,787   268,343
Equity Bancshares, Inc., Class A
  1,744   56,715
Farmers National Banc Corp.
  3,819   67,176
FB Financial Corp.
  1,082   46,418
Federal Agricultural Mortgage Corp., Class C
  691   84,109
Federated Hermes, Inc., Class B(c)
  2,414   81,376
Financial Institutions, Inc.
  4,716   145,253
First Bancorp
  24,231   322,030
First Bancorp, Inc. (The)
  1,931   58,471
First Bancorp/Southern Pines NC
  4,760   211,534
First Bancshares, Inc. (The)
  3,124   121,399
First Bank
  7,171   103,764
First Busey Corp.
  3,147   80,878
First Commonwealth Financial Corp.
  14,776   222,083
First Community Bankshares, Inc.
  2,535   82,895
First Financial Bancorp
  6,882   158,286
First Financial Corp.
  923   40,114
First Foundation, Inc.(c)
  3,993   101,502
First Internet Bancorp
  4,415   191,214
First Interstate BancSystem, Inc., Class A
  1,755   71,604
First Merchants Corp.
  3,210   128,047
First Mid Bancshares, Inc.
  2,741   115,204
First Midwest Bancorp, Inc.
  4,377   86,358
First of Long Island Corp. (The)
  3,192   66,872
Flagstar Bancorp, Inc.
  1,473   68,553
Flushing Financial Corp.
  12,128   286,463
Focus Financial Partners, Inc., Class A(b)
  1,074   66,094
FS Bancorp, Inc.
  1,913   62,096
Fulton Financial Corp.
  6,004   94,803
GAMCO Investors, Inc., Class A
  2,827   69,205
Genworth Financial, Inc., Class A(b)
  35,193   134,437
German American Bancorp, Inc.
  1,280   50,086
Glacier Bancorp, Inc.
  4,616   250,649
Granite Point Mortgage Trust, Inc.
  10,497   129,428
Great Southern Bancorp, Inc.
  1,104   61,416
Greenhill & Co., Inc.
  4,790   81,717
Guaranty Bancshares, Inc.
  1,710   62,843
Hancock Whitney Corp.
  3,117   148,930
Hanmi Financial Corp.
  15,129   339,949
Hannon Armstrong Sustainable Infrastructure Capital, Inc.
  1,160   65,981
HarborOne Bancorp, Inc.
  5,845   81,187
HCI Group, Inc.
  1,193   131,707
Heartland Financial USA, Inc.
  1,997   94,858
Heritage Commerce Corp.
  9,221   101,062
Heritage Financial Corp.
  2,999   70,267
Hilltop Holdings, Inc.
  5,177   176,173
Hingham Institution for Savings (The)
  312   121,867
Home Bancorp, Inc.
  1,630   65,917
Home BancShares, Inc.
  2,501   59,849
HomeStreet, Inc.
  3,506   173,091
  Shares   Value
Financials-(continued)
HomeTrust Bancshares, Inc.
  2,070   $62,162
Hope Bancorp, Inc.
  10,068   144,476
Horace Mann Educators Corp.
  1,072   39,739
Horizon Bancorp, Inc.
  10,200   197,880
Howard Bancorp, Inc.(b)
  2,885   59,604
Independent Bank Corporation
  4,569   103,031
Independent Bank Group, Inc.
  1,112   77,206
International Bancshares Corp.
  1,542   64,779
Investors Bancorp, Inc.
  7,422   110,514
Investors Title Co.
  375   81,000
Kearny Financial Corp.
  6,658   84,623
Ladder Capital Corp.
  6,167   70,242
Lakeland Bancorp, Inc.
  7,813   139,775
Lakeland Financial Corp.(c)
  940   66,383
LendingClub Corp.(b)
  33,697   1,102,566
Live Oak Bancshares, Inc.
  2,565   228,542
Maiden Holdings Ltd.(b)
  31,941   95,823
Marlin Business Services Corp.
  8,645   198,403
Mercantile Bank Corp.
  2,137   71,760
Merchants Bancorp
  944   43,056
Meta Financial Group, Inc.
  13,617   813,888
MetroMile, Inc.(b)
  4,160   10,566
Metropolitan Bank Holding Corp.(b)
  3,779   358,740
Mid Penn Bancorp, Inc.
  1,515   47,662
Midland States Bancorp, Inc.
  10,435   248,353
MidWestOne Financial Group, Inc.
  2,107   64,896
Moelis & Co., Class A
  1,975   121,087
Mr. Cooper Group, Inc.(b)
  10,640   417,833
MVB Financial Corp.
  10,687   438,915
National Bank Holdings Corp., Class A
  1,944   82,853
National Western Life Group, Inc., Class A
  225   45,821
Navient Corp.
  21,679   427,727
NBT Bancorp, Inc.
  1,569   56,657
Nelnet, Inc., Class A
  1,062   91,544
New York Mortgage Trust, Inc.
  11,078   41,321
Nicolet Bankshares, Inc.(b)
  786   56,050
NMI Holdings, Inc., Class A(b)
  2,989   58,584
Northfield Bancorp, Inc.
  5,255   88,547
Northrim BanCorp, Inc.
  1,657   67,191
Northwest Bancshares, Inc.
  4,939   65,590
OceanFirst Financial Corp.
  2,989   61,603
Ocwen Financial Corp.(b)
  10,319   328,970
OFG Bancorp
  7,286   175,593
Old National Bancorp
  2,908   51,355
Old Second Bancorp, Inc.
  7,809   96,441
Open Lending Corp., Class A(b)
  1,685   39,159
Oportun Financial Corp.(b)
  2,542   54,577
Oppenheimer Holdings, Inc., Class A
  7,158   351,028
Orchid Island Capital, Inc.
  7,180   32,454
Origin Bancorp, Inc.
  4,336   182,936
Orrstown Financial Services, Inc.
  4,417   103,358
Pacific Premier Bancorp, Inc.
  2,697   104,509
Park National Corp.
  1,143   148,693
Peapack-Gladstone Financial Corp.
  3,647   120,643
PennyMac Mortgage Investment Trust
  3,253   56,505
Peoples Bancorp, Inc.
  4,791   147,754
Piper Sandler Cos.
  2,751   455,978
PJT Partners, Inc., Class A
  1,257   95,633
Preferred Bank
  1,684   114,765
Premier Financial Corp.
  3,285   96,579
Primis Financial Corp.
  4,109   62,786
ProAssurance Corp.
  4,763   109,549
 
See accompanying notes which are an integral part of this schedule.
Invesco Russell 2000® Dynamic Multifactor ETF (OMFS)—(continued)
November 30, 2021
(Unaudited)
  Shares   Value
Financials-(continued)
PROG Holdings, Inc.(b)(c)
  978   $44,127
Provident Bancorp, Inc.
  5,804   105,110
Provident Financial Services, Inc.
  8,186   192,698
Pzena Investment Management, Inc., Class A
  8,544   80,143
QCR Holdings, Inc.
  2,342   126,327
Radian Group, Inc.
  2,388   48,644
RBB Bancorp
  4,619   112,981
Ready Capital Corp.
  9,411   144,553
Regional Management Corp.
  7,270   411,191
Reliant Bancorp, Inc.
  1,903   63,313
Renasant Corp.
  3,121   113,698
Republic Bancorp, Inc., Class A
  894   45,800
S&T Bancorp, Inc.
  2,281   68,225
Safety Insurance Group, Inc.
  500   38,635
Sandy Spring Bancorp, Inc.
  3,561   167,118
Sculptor Capital Management, Inc.
  9,823   177,993
Seacoast Banking Corp. of Florida
  3,523   118,972
Selective Insurance Group, Inc.
  770   58,166
ServisFirst Bancshares, Inc.
  1,520   122,193
Sierra Bancorp
  2,572   64,763
Silvergate Capital Corp., Class A(b)
  886   181,169
Simmons First National Corp., Class A
  3,914   113,937
SiriusPoint Ltd. (Bermuda)(b)
  3,946   30,384
SmartFinancial, Inc.
  2,172   55,755
South Plains Financial, Inc.
  2,414   60,350
South State Corp.
  536   41,883
Southern First Bancshares, Inc.(b)
  2,278   133,331
Southern Missouri Bancorp, Inc.
  2,747   146,717
Southside Bancshares, Inc.
  2,300   93,725
Spirit of Texas Bancshares, Inc.
  4,129   114,786
StepStone Group, Inc., Class A
  3,214   132,963
Stewart Information Services Corp.
  5,608   399,402
Stock Yards Bancorp, Inc.
  961   57,497
StoneX Group, Inc.(b)
  1,094   61,455
Summit Financial Group, Inc.
  2,928   73,200
Texas Capital Bancshares, Inc.(b)
  3,566   200,837
Tiptree, Inc.
  11,624   151,461
Tompkins Financial Corp.
  685   53,540
Towne Bank
  4,140   126,643
TPG RE Finance Trust, Inc.
  3,798   46,336
Trean Insurance Group, Inc.(b)
  2,910   24,473
TriCo Bancshares
  2,802   118,132
TriState Capital Holdings, Inc.(b)
  3,165   94,665
Triumph Bancorp, Inc.(b)
  5,047   642,735
Trupanion, Inc.(b)(c)
  1,020   125,786
TrustCo Bank Corp.
  1,200   39,192
Trustmark Corp.
  1,773   54,272
UMB Financial Corp.
  879   88,410
United Community Banks, Inc.
  3,206   109,870
Univest Financial Corp.
  6,042   166,578
Valley National Bancorp
  4,218   56,690
Velocity Financial, Inc.(b)
  7,168   86,589
Veritex Holdings, Inc.
  6,748   267,423
Virtus Investment Partners, Inc.
  576   171,291
Washington Federal, Inc.
  1,515   49,222
Washington Trust Bancorp, Inc.
  2,364   127,183
WesBanco, Inc.
  3,918   127,531
West Bancorporation, Inc.
  2,877   89,273
WisdomTree Investments, Inc.
  17,001   104,386
World Acceptance Corp.(b)(c)
  1,775   364,621
WSFS Financial Corp.
  2,725   135,487
        35,374,200
  Shares   Value
Health Care-9.52%
Accolade, Inc.(b)
  899   $23,077
Accuray, Inc.(b)(c)
  31,018   149,197
Aclaris Therapeutics, Inc.(b)
  7,861   100,621
Affimed N.V. (Germany)(b)
  14,740   100,527
Agiliti, Inc.(b)(c)
  2,993   63,033
Aldeyra Therapeutics, Inc.(b)(c)
  7,416   56,881
Allscripts Healthcare Solutions, Inc.(b)
  25,507   424,181
Alphatec Holdings, Inc.(b)
  9,207   102,198
AMN Healthcare Services, Inc.(b)
  1,534   174,891
Ampio Pharmaceuticals, Inc.(b)
  53,109   60,013
Anavex Life Sciences Corp.(b)(c)
  10,406   201,876
AngioDynamics, Inc.(b)
  3,083   79,387
Antares Pharma, Inc.(b)
  12,660   40,892
Apollo Medical Holdings, Inc.(b)(c)
  4,917   460,575
Apria, Inc.(b)(c)
  1,545   43,461
Apyx Medical Corp.(b)
  4,960   66,613
Aratana Therapeutics, Inc., CVR(b)(f)
  540   135
Arvinas, Inc.(b)
  927   70,090
Asensus Surgical, Inc.(b)
  30,031   40,242
Atea Pharmaceuticals, Inc.(b)
  5,574   45,094
Athira Pharma, Inc.(b)(c)
  2,174   29,306
Avid Bioservices, Inc.(b)(c)
  14,679   448,590
AxoGen, Inc.(b)
  5,976   57,190
Beam Therapeutics, Inc.(b)(c)
  771   61,025
Berkeley Lights, Inc.(b)(c)
  888   18,533
BioCryst Pharmaceuticals, Inc.(b)(c)
  8,383   101,099
BioLife Solutions, Inc.(b)
  2,315   88,340
Bionano Genomics, Inc.(b)(c)
  40,207   157,209
Brookdale Senior Living, Inc.(b)
  93,911   550,318
Brooklyn ImmunoTherapeutics, Inc.(b)
  4,597   27,352
C4 Therapeutics, Inc.(b)
  1,135   42,131
Cardiff Oncology, Inc.(b)
  5,778   32,472
CareDx, Inc.(b)
  1,232   53,148
Cassava Sciences, Inc.(b)
  5,100   272,799
Castlight Health, Inc., Class B(b)
  18,225   27,884
Celcuity, Inc.(b)
  2,910   43,941
Celldex Therapeutics, Inc.(b)
  2,802   106,756
Chimerix, Inc.(b)
  10,013   62,982
Citius Pharmaceuticals, Inc.(b)(c)
  22,999   38,868
ClearPoint Neuro, Inc.(b)(c)
  7,562   103,826
Codexis, Inc.(b)
  3,522   122,249
Collegium Pharmaceutical, Inc.(b)
  2,750   48,345
Community Health Systems, Inc.(b)
  63,560   764,627
Computer Programs & Systems, Inc.(b)
  1,684   49,627
CONMED Corp.
  661   86,895
CorVel Corp.(b)
  429   80,652
Covetrus, Inc.(b)
  1,493   26,844
Cross Country Healthcare, Inc.(b)
  29,118   761,727
CryoLife, Inc.(b)(c)
  2,515   43,233
CryoPort, Inc.(b)(c)
  1,216   80,791
Curis, Inc.(b)(c)
  16,962   82,775
Cutera, Inc.(b)
  5,228   182,248
Denali Therapeutics, Inc.(b)
  765   35,389
DermTech, Inc.(b)(c)
  2,895   58,132
Eargo, Inc.(b)(c)
  960   4,973
Endo International PLC(b)
  28,746   160,978
Ensign Group, Inc. (The)
  1,445   110,297
Evolent Health, Inc., Class A(b)(c)
  8,051   209,326
Forian, Inc.(b)
  7,632   65,483
Forte Biosciences, Inc.(b)
  1,729   4,599
Fulgent Genetics, Inc.(b)(c)
  5,534   517,540
Glaukos Corp.(b)
  732   31,498
 
See accompanying notes which are an integral part of this schedule.
Invesco Russell 2000® Dynamic Multifactor ETF (OMFS)—(continued)
November 30, 2021
(Unaudited)
  Shares   Value
Health Care-(continued)
GT Biopharma, Inc.(b)
  7,201   $29,308
Hanger, Inc.(b)
  4,518   76,219
Harvard Bioscience, Inc.(b)
  14,362   96,082
Health Catalyst, Inc.(b)(c)
  819   35,536
Heska Corp.(b)
  815   131,182
InfuSystem Holdings, Inc.(b)
  3,499   57,908
Inogen, Inc.(b)
  1,663   50,805
Inotiv, Inc.(b)(c)
  6,973   362,596
Intellia Therapeutics, Inc.(b)
  1,336   153,653
Ironwood Pharmaceuticals, Inc.(b)
  3,327   36,896
Joint Corp. (The)(b)
  4,844   387,132
KalVista Pharmaceuticals, Inc.(b)
  2,579   37,396
KemPharm, Inc.(b)(c)
  6,155   48,194
Kymera Therapeutics, Inc.(b)(c)
  1,070   59,406
Lantheus Holdings, Inc.(b)
  1,901   50,909
LeMaitre Vascular, Inc.
  3,103   145,189
Lineage Cell Therapeutics, Inc.(b)(c)
  20,872   47,171
Magellan Health, Inc.(b)
  756   71,661
MannKind Corp.(b)(c)
  24,285   112,440
Merit Medical Systems, Inc.(b)
  659   41,425
MiMedx Group, Inc.(b)
  6,490   45,495
Mind Medicine MindMed, Inc.(b)
  65,117   128,932
ModivCare, Inc.(b)
  1,477   202,393
Myriad Genetics, Inc.(b)
  4,161   107,603
National HealthCare Corp.
  785   50,625
Neuronetics, Inc.(b)
  5,673   21,955
NextGen Healthcare, Inc.(b)
  6,841   106,035
Nurix Therapeutics, Inc.(b)(c)
  1,686   48,591
Ocugen, Inc.(b)(c)
  29,868   189,363
Omnicell, Inc.(b)
  384   67,968
OPKO Health, Inc.(b)
  10,047   39,485
OptimizeRx Corp.(b)
  5,704   370,760
Oramed Pharmaceuticals, Inc. (Israel)(b)
  7,514   144,419
Organogenesis Holdings, Inc.(b)(c)
  5,520   55,531
Orthofix Medical, Inc.(b)
  881   26,967
Outset Medical, Inc.(b)
  956   45,314
Owens & Minor, Inc.
  14,581   583,240
Pacific Biosciences of California, Inc.(b)
  4,863   112,870
Pacira BioSciences, Inc.(b)
  831   43,727
Patterson Cos., Inc.
  2,302   72,444
Pennant Group, Inc. (The)(b)
  1,520   30,902
Personalis, Inc.(b)
  1,924   26,070
Phreesia, Inc.(b)
  755   43,548
Prestige Consumer Healthcare, Inc.(b)
  790   44,201
Progyny, Inc.(b)
  883   44,830
Protagonist Therapeutics, Inc.(b)(c)
  1,928   64,819
Prothena Corp. PLC (Ireland)(b)
  2,357   118,204
Pulmonx Corp.(b)(c)
  1,109   35,821
Quanterix Corp.(b)
  1,100   43,967
RadNet, Inc.(b)
  5,575   150,302
Rigel Pharmaceuticals, Inc.(b)
  15,831   42,269
Rocket Pharmaceuticals, Inc.(b)(c)
  938   22,915
Rubius Therapeutics, Inc.(b)(c)
  2,812   34,756
SeaSpine Holdings Corp.(b)
  2,391   32,111
Select Medical Holdings Corp.
  5,671   152,266
Senseonics Holdings, Inc.(b)(c)
  23,431   73,573
Seres Therapeutics, Inc.(b)(c)
  6,627   71,307
Sesen Bio, Inc.(b)
  44,262   46,475
Sharps Compliance Corp.(b)
  4,523   33,380
Shattuck Labs, Inc.(b)
  1,324   11,228
Shockwave Medical, Inc.(b)
  488   87,957
SI-BONE, Inc.(b)
  2,347   45,180
  Shares   Value
Health Care-(continued)
STAAR Surgical Co.(b)
  419   $39,885
Summit Therapeutics, Inc.(b)
  8,399   42,667
Supernus Pharmaceuticals, Inc.(b)
  1,653   49,540
Surface Oncology, Inc.(b)(c)
  10,947   63,164
Surgery Partners, Inc.(b)
  3,166   140,444
Sutro Biopharma, Inc.(b)
  2,949   50,369
Tenet Healthcare Corp.(b)
  3,541   258,033
Tivity Health, Inc.(b)
  6,752   160,833
Triple-S Management Corp., Class B(b)
  2,828   100,451
Twist Bioscience Corp.(b)(c)
  637   60,833
US Physical Therapy, Inc.
  746   64,141
Vanda Pharmaceuticals, Inc.(b)
  5,412   87,674
Varex Imaging Corp.(b)
  3,663   104,579
Vaxart, Inc.(b)(c)
  20,784   165,441
Vericel Corp.(b)
  5,096   189,622
ViewRay, Inc.(b)
  12,068   62,030
VistaGen Therapeutics, Inc.(b)
  56,439   108,927
Vocera Communications, Inc.(b)
  2,322   135,465
        15,789,985
Industrials-20.84%
AAR Corp.(b)
  4,420   144,357
ABM Industries, Inc.
  1,107   49,815
Acacia Research Corp.(b)
  6,334   31,037
ACCO Brands Corp.
  13,852   114,418
AeroVironment, Inc.(b)
  450   36,342
Air Transport Services Group, Inc.(b)
  1,745   43,084
Alamo Group, Inc.
  669   95,145
Albany International Corp., Class A(c)
  653   52,847
Allegiant Travel Co.(b)
  341   59,068
Allied Motion Technologies, Inc.
  1,629   64,264
Alta Equipment Group, Inc.(b)
  3,356   49,031
Altra Industrial Motion Corp.
  1,727   91,030
Ameresco, Inc., Class A(b)
  3,494   315,613
American Superconductor Corp.(b)
  3,318   42,470
American Woodmark Corp.(b)
  845   52,086
Apogee Enterprises, Inc.
  5,875   242,637
Applied Industrial Technologies, Inc.
  878   83,445
ArcBest Corp.
  10,081   1,039,149
Arcosa, Inc.
  1,203   61,558
Argan, Inc.
  891   35,016
Array Technologies, Inc.(b)
  5,391   97,119
ASGN, Inc.(b)
  434   52,809
Astec Industries, Inc.
  1,475   92,453
Astronics Corp.(b)
  2,066   21,610
Atkore, Inc.(b)
  4,412   469,878
Atlas Air Worldwide Holdings, Inc.(b)
  3,372   295,421
Avis Budget Group, Inc.(b)
  1,374   377,287
AZZ, Inc.
  2,393   124,173
Babcock & Wilcox Enterprises, Inc.(b)
  27,397   249,313
Barnes Group, Inc.
  765   33,239
Barrett Business Services, Inc.
  1,076   75,955
Beacon Roofing Supply, Inc.(b)
  3,116   155,520
Beam Global(b)(c)
  3,817   101,303
Blink Charging Co.(b)(c)
  6,842   262,938
Bloom Energy Corp., Class A(b)(c)
  4,446   122,176
Blue Bird Corp.(b)
  3,378   68,371
BlueLinx Holdings, Inc.(b)
  11,270   794,986
Boise Cascade Co.
  4,505   292,059
BrightView Holdings, Inc.(b)
  2,533   34,449
Brink’s Co. (The)(c)
  1,494   91,373
Byrna Technologies, Inc.(b)(c)
  1,576   23,199
Caesarstone Ltd.
  2,790   31,164
 
See accompanying notes which are an integral part of this schedule.
Invesco Russell 2000® Dynamic Multifactor ETF (OMFS)—(continued)
November 30, 2021
(Unaudited)
  Shares   Value
Industrials-(continued)
CBIZ, Inc.(b)
  2,193   $79,014
Chart Industries, Inc.(b)(c)
  1,466   255,890
Columbus McKinnon Corp.
  3,126   138,857
Comfort Systems USA, Inc.
  3,265   309,751
Commercial Vehicle Group, Inc.(b)
  39,347   330,121
Concrete Pumping Holdings, Inc.(b)
  8,234   67,272
Construction Partners, Inc.(b)
  3,630   125,380
Cornerstone Building Brands, Inc.(b)
  15,422   242,434
Costamare, Inc. (Monaco)
  13,010   156,120
Covenant Logistics Group, Inc., Class A(b)
  4,344   108,904
CRA International, Inc.
  3,831   352,720
CSW Industrials, Inc.
  997   119,839
Daseke, Inc.(b)
  28,871   278,605
Deluxe Corp.
  7,034   238,031
Ducommun, Inc.(b)
  1,436   61,044
DXP Enterprises, Inc.(b)
  3,546   97,976
Dycom Industries, Inc.(b)
  4,903   458,332
Eagle Bulk Shipping, Inc.(c)
  3,285   131,630
EMCOR Group, Inc.
  692   82,583
Encore Wire Corp.
  1,822   255,918
Energy Recovery, Inc.(b)
  6,232   132,430
Enerpac Tool Group Corp.
  2,132   45,007
EnerSys
  536   39,712
Ennis, Inc.
  2,337   44,450
EnPro Industries, Inc.
  2,536   258,672
Evoqua Water Technologies Corp.(b)
  2,024   91,040
Federal Signal Corp.
  1,260   53,462
Fluor Corp.(b)(c)
  3,541   78,292
Forward Air Corp.
  1,530   151,087
Franklin Electric Co., Inc.
  770   67,798
FuelCell Energy, Inc.(b)(c)
  19,390   168,305
GATX Corp.(c)
  834   82,149
Genco Shipping & Trading Ltd.
  2,434   37,508
Gibraltar Industries, Inc.(b)
  1,202   81,616
Global Industrial Co.
  1,567   62,774
GMS, Inc.(b)
  7,057   394,275
GrafTech International Ltd.
  6,249   72,801
Granite Construction, Inc.
  9,053   351,981
Great Lakes Dredge & Dock Corp.(b)
  8,452   124,921
Greenbrier Cos., Inc. (The)
  10,059   402,259
Griffon Corp.
  3,998   105,187
H&E Equipment Services, Inc.
  8,405   353,850
Harsco Corp.(b)
  7,241   105,574
Healthcare Services Group, Inc.
  1,616   28,280
Heidrick & Struggles International, Inc.
  4,695   202,683
Helios Technologies, Inc.
  2,271   227,849
Herc Holdings, Inc.
  3,786   645,324
Heritage-Crystal Clean, Inc.(b)
  2,769   88,857
Hillenbrand, Inc.
  2,752   122,739
HireQuest, Inc.(c)
  2,868   65,390
HNI Corp.
  2,496   98,617
Hub Group, Inc., Class A(b)
  1,432   111,223
Huron Consulting Group, Inc.(b)
  958   43,771
HyreCar, Inc.(b)
  5,937   31,466
Hyster-Yale Materials Handling, Inc.
  3,633   142,632
ICF International, Inc.
  1,078   104,286
IES Holdings, Inc.(b)
  3,600   172,764
Infrastructure and Energy Alternatives, Inc.(b)
  26,378   249,536
Insperity, Inc.
  678   78,472
Insteel Industries, Inc.
  9,189   387,408
Interface, Inc.
  13,236   188,745
JELD-WEN Holding, Inc.(b)
  4,878   118,194
  Shares   Value
Industrials-(continued)
John Bean Technologies Corp.
  430   $67,841
Kadant, Inc.
  695   162,950
KAR Auction Services, Inc.(b)(c)
  2,562   38,404
KBR, Inc.
  1,313   57,772
Kelly Services, Inc., Class A
  6,985   117,767
Kennametal, Inc.
  1,250   44,212
Kforce, Inc.
  5,717   438,094
Kimball International, Inc., Class B
  2,904   29,737
Korn Ferry
  3,548   258,082
Kratos Defense & Security Solutions, Inc.(b)
  1,680   33,113
Lawson Products, Inc.(b)
  962   46,301
Lindsay Corp.
  778   113,215
Luxfer Holdings PLC (United Kingdom)
  4,570   86,739
Manitowoc Co., Inc. (The)(b)
  11,545   220,048
ManTech International Corp., Class A
  519   35,266
Masonite International Corp.(b)
  1,202   128,614
Matson, Inc.
  4,884   398,193
Matthews International Corp., Class A
  9,053   313,868
Maxar Technologies, Inc.
  6,929   190,755
Mayville Engineering Co., Inc.(b)
  5,147   76,433
McGrath RentCorp
  1,441   111,389
Meritor, Inc.(b)
  2,599   65,729
Mesa Air Group, Inc.(b)
  41,065   289,919
Miller Industries, Inc.
  1,951   63,817
MillerKnoll, Inc.
  6,339   240,502
Mistras Group, Inc.(b)
  11,724   93,440
Montrose Environmental Group, Inc.(b)(c)
  1,176   86,118
Moog, Inc., Class A
  1,882   130,178
MRC Global, Inc.(b)
  24,045   165,430
Mueller Industries, Inc.
  4,243   234,765
Mueller Water Products, Inc., Class A
  6,214   84,759
MYR Group, Inc.(b)
  8,241   912,361
Northwest Pipe Co.(b)
  1,346   38,738
NV5 Global, Inc.(b)
  1,902   250,113
PAM Transportation Services, Inc.(b)
  1,827   118,371
Park-Ohio Holdings Corp.
  7,091   149,691
PGT Innovations, Inc.(b)
  4,346   89,267
Pitney Bowes, Inc.
  103,717   708,387
Powell Industries, Inc.
  1,160   28,327
Preformed Line Products Co.
  491   31,007
Primoris Services Corp.
  9,211   206,511
Quanex Building Products Corp.
  11,012   235,326
Radiant Logistics, Inc.(b)
  20,346   153,409
Resideo Technologies, Inc.(b)
  9,643   251,586
Resources Connection, Inc.
  3,772   64,803
REV Group, Inc.
  16,479   258,720
RR Donnelley & Sons Co.(b)
  88,030   929,597
Rush Enterprises, Inc., Class A
  4,317   219,994
Safe Bulkers, Inc. (Greece)(b)
  49,693   179,889
Saia, Inc.(b)
  355   117,569
Shyft Group, Inc. (The)
  9,283   451,247
SkyWest, Inc.(b)
  1,713   67,098
SPX Corp.(b)
  1,269   73,792
SPX FLOW, Inc.
  2,177   181,801
Standex International Corp.
  1,601   164,919
Steelcase, Inc., Class A
  3,630   40,620
Stem, Inc.(b)
  6,413   136,084
Sterling Construction Co., Inc.(b)
  15,329   395,028
Team, Inc.(b)
  5,838   7,881
Tennant Co.
  711   55,927
Terex Corp.
  5,528   234,277
Textainer Group Holdings Ltd. (China)(b)
  22,902   748,208
 
See accompanying notes which are an integral part of this schedule.
Invesco Russell 2000® Dynamic Multifactor ETF (OMFS)—(continued)
November 30, 2021
(Unaudited)
  Shares   Value
Industrials-(continued)
Thermon Group Holdings, Inc.(b)
  2,372   $40,941
Titan International, Inc.(b)
  58,539   403,334
Titan Machinery, Inc.(b)
  15,313   509,004
TPI Composites, Inc.(b)(c)
  5,188   92,502
Transcat, Inc.(b)
  3,531   314,153
Trinity Industries, Inc.(c)
  1,251   33,152
Triton International Ltd. (Bermuda)
  3,022   169,141
TrueBlue, Inc.(b)
  8,191   213,130
Tutor Perini Corp.(b)
  3,802   48,894
UFP Industries, Inc.
  877   73,037
Universal Logistics Holdings, Inc.
  1,538   28,591
Upwork, Inc.(b)
  2,133   79,476
US Xpress Enterprises, Inc., Class A(b)(c)
  12,530   98,486
Veritiv Corp.(b)
  13,658   1,721,454
View, Inc.(b)(c)
  3,772   15,918
VSE Corp.
  1,902   104,115
Wabash National Corp.
  10,013   167,217
Watts Water Technologies, Inc., Class A
  503   94,921
Welbilt, Inc.(b)
  9,783   230,487
WESCO International, Inc.(b)
  2,568   318,766
Willdan Group, Inc.(b)
  1,996   79,860
Willis Lease Finance Corp.(b)
  1,242   42,538
WillScot Mobile Mini Holdings Corp.(b)
  1,297   49,403
Yellow Corp.(b)
  62,824   826,764
Zurn Water Solutions Corp.
  792   27,760
        34,580,056
Information Technology-8.50%
3D Systems Corp.(b)(c)
  5,929   135,063
8x8, Inc.(b)
  1,556   33,532
A10 Networks, Inc.
  3,651   56,298
ADTRAN, Inc.
  5,779   117,776
Advanced Energy Industries, Inc.
  419   36,742
Agilysys, Inc.(b)
  4,029   175,463
Alpha & Omega Semiconductor Ltd.(b)
  11,073   543,906
Altair Engineering, Inc., Class A(b)
  839   62,464
Ambarella, Inc.(b)
  665   119,381
Appian Corp.(b)(c)
  456   33,904
Arlo Technologies, Inc.(b)
  8,562   66,356
Avaya Holdings Corp.(b)
  3,732   72,662
Aviat Networks, Inc.(b)
  8,002   250,783
Avid Technology, Inc.(b)
  11,739   376,352
Axcelis Technologies, Inc.(b)
  1,466   90,628
AXT, Inc.(b)
  9,877   81,189
Badger Meter, Inc.
  468   47,904
Belden, Inc.
  1,884   116,186
Benchmark Electronics, Inc.
  4,049   95,475
Brightcove, Inc.(b)
  6,376   61,401
CalAmp Corp.(b)
  4,724   43,366
Calix, Inc.(b)
  5,975   400,086
Cambium Networks Corp.(b)
  2,568   69,875
Cantaloupe, Inc.(b)
  6,079   54,833
Casa Systems, Inc.(b)
  7,714   38,493
Cerence, Inc.(b)(c)
  790   59,392
ChannelAdvisor Corp.(b)
  4,476   111,945
Cleanspark, Inc.(b)
  11,201   199,154
Clearfield, Inc.(b)(c)
  5,080   328,879
Cohu, Inc.(b)
  4,864   160,366
CommVault Systems, Inc.(b)
  914   57,472
Comtech Telecommunications Corp.
  3,139   79,699
Conduent, Inc.(b)
  80,717   406,814
Consensus Cloud Solutions, Inc.(b)
  94   5,888
CTS Corp.
  4,799   167,197
  Shares   Value
Information Technology-(continued)
Daktronics, Inc.(b)
  8,381   $40,899
Diebold Nixdorf, Inc.(b)
  28,130   228,134
Digi International, Inc.(b)
  6,413   138,072
Digital Turbine, Inc.(b)(c)
  1,903   100,973
Diodes, Inc.(b)
  706   75,083
Domo, Inc., Class B(b)
  1,570   113,590
DZS, Inc.(b)(c)
  2,879   37,312
Eastman Kodak Co.(b)(c)
  8,153   48,836
Ebix, Inc.
  1,368   41,806
EMCORE Corp.(b)
  15,782   116,313
ePlus, Inc.(b)
  795   83,865
EVERTEC, Inc.
  1,109   46,567
ExlService Holdings, Inc.(b)
  658   85,454
Extreme Networks, Inc.(b)
  26,272   354,672
Fabrinet (Thailand)(b)
  485   53,622
FARO Technologies, Inc.(b)
  556   38,620
GreenBox POS(b)(c)
  7,236   37,700
Grid Dynamics Holdings, Inc.(b)
  4,054   159,038
Harmonic, Inc.(b)
  5,037   54,148
Ichor Holdings Ltd.(b)
  4,971   238,061
Identiv, Inc.(b)
  10,521   241,878
Impinj, Inc.(b)
  920   68,972
Insight Enterprises, Inc.(b)(c)
  2,538   250,298
Iteris, Inc.(b)
  6,013   27,299
Kimball Electronics, Inc.(b)
  8,153   173,007
Kopin Corp.(b)(c)
  28,304   147,747
Kulicke & Soffa Industries, Inc. (Singapore)(c)
  3,025   174,422
Luna Innovations, Inc.(b)
  4,420   36,995
Marathon Digital Holdings, Inc.(b)(c)
  10,300   526,021
MaxLinear, Inc.(b)
  1,923   129,476
Meta Materials, Inc.(b)(c)
  24,008   88,109
Methode Electronics, Inc.
  1,937   86,138
MicroStrategy, Inc., Class A(b)(c)
  493   355,665
MicroVision, Inc.(b)(c)
  16,296   115,376
Mitek Systems, Inc.(b)(c)
  4,724   80,922
MoneyGram International, Inc.(b)(c)
  50,310   298,338
NETGEAR, Inc.(b)
  3,305   88,376
Onto Innovation, Inc.(b)
  1,192   112,239
OSI Systems, Inc.(b)
  494   44,919
PAR Technology Corp.(b)(c)
  1,894   99,189
Perficient, Inc.(b)
  2,464   337,642
Photronics, Inc.(b)
  3,134   41,400
Plantronics, Inc.(b)(c)
  10,942   279,240
Plexus Corp.(b)
  1,025   86,244
Priority Technology Holdings, Inc.(b)
  7,359   47,539
Quantum Corp.(b)
  10,809   59,125
Rekor Systems, Inc.(b)(c)
  9,318   62,617
Ribbon Communications, Inc.(b)
  9,998   54,489
Riot Blockchain, Inc.(b)(c)
  10,121   378,222
Rogers Corp.(b)
  303   82,604
SailPoint Technologies Holding, Inc.(b)
  1,135   59,690
Sanmina Corp.(b)
  3,908   142,798
ScanSource, Inc.(b)
  2,421   75,656
ShotSpotter, Inc.(b)
  914   32,100
SiTime Corp.(b)
  746   222,666
SMART Global Holdings, Inc.(b)
  2,295   130,861
Sprout Social, Inc., Class A(b)
  1,595   178,130
Sumo Logic, Inc.(b)
  2,491   35,223
SunPower Corp.(b)(c)
  6,120   175,338
Synaptics, Inc.(b)
  760   214,502
TTEC Holdings, Inc.
  491   41,435
TTM Technologies, Inc.(b)
  5,253   72,386
 
See accompanying notes which are an integral part of this schedule.
Invesco Russell 2000® Dynamic Multifactor ETF (OMFS)—(continued)
November 30, 2021
(Unaudited)
  Shares   Value
Information Technology-(continued)
Tucows, Inc., Class A(b)(c)
  480   $39,038
Turtle Beach Corp.(b)(c)
  5,964   159,835
Ultra Clean Holdings, Inc.(b)
  5,127   281,011
Unisys Corp.(b)
  10,620   192,859
Veeco Instruments, Inc.(b)
  4,316   114,719
Verint Systems, Inc.(b)
  3,638   173,132
Viant Technology, Inc., Class A(b)
  2,446   23,971
Vishay Intertechnology, Inc.
  3,966   80,787
Vishay Precision Group, Inc.(b)
  1,463   50,225
Workiva, Inc.(b)
  616   85,914
Xperi Holding Corp.
  5,728   102,646
        14,109,119
Materials-5.82%
AdvanSix, Inc.
  19,010   860,963
Allegheny Technologies, Inc.(b)
  2,273   32,367
American Vanguard Corp.
  3,563   50,986
Amyris, Inc.(b)(c)
  3,367   23,098
Arconic Corp.(b)
  6,082   162,511
Avient Corp.
  2,712   149,187
Cabot Corp.
  1,328   69,693
Carpenter Technology Corp.
  3,283   90,217
Century Aluminum Co.(b)
  7,275   96,248
Coeur Mining, Inc.(b)
  20,576   115,226
Commercial Metals Co.
  2,905   89,764
Compass Minerals International, Inc.
  1,054   51,277
Constellium SE(b)
  19,591   344,214
Danimer Scientific, Inc.(b)(c)
  5,336   71,182
Ferro Corp.(b)
  6,741   142,370
Forterra, Inc.(b)
  9,728   231,429
GCP Applied Technologies, Inc.(b)
  2,143   50,018
Greif, Inc., Class A
  2,254   136,773
H.B. Fuller Co.
  1,234   90,279
Hawkins, Inc.
  3,537   117,358
Haynes International, Inc.
  1,730   69,321
Hecla Mining Co.
  18,588   102,977
Ingevity Corp.(b)
  1,148   82,553
Innospec, Inc.
  473   38,408
Intrepid Potash, Inc.(b)
  4,015   165,016
Kaiser Aluminum Corp.
  1,161   103,596
Koppers Holdings, Inc.(b)
  6,117   184,733
Kraton Corp.(b)
  7,804   359,452
Livent Corp.(b)(c)
  8,140   246,561
Materion Corp.
  711   60,193
Minerals Technologies, Inc.
  1,848   121,358
Myers Industries, Inc.
  4,979   96,991
O-I Glass, Inc.(b)
  17,203   190,437
Olympic Steel, Inc.
  11,735   238,807
Orion Engineered Carbons S.A. (Germany)(b)
  11,001   193,068
Pactiv Evergreen, Inc.
  2,937   36,448
Ranpak Holdings Corp.(b)
  8,047   318,903
Rayonier Advanced Materials, Inc.(b)
  61,313   335,995
Ryerson Holding Corp.
  16,955   397,256
Schnitzer Steel Industries, Inc., Class A
  12,192   586,435
Schweitzer-Mauduit International, Inc., Class A
  2,735   78,494
Sensient Technologies Corp.
  1,058   102,933
Stepan Co.
  449   50,607
Summit Materials, Inc., Class A(b)
  4,760   177,548
SunCoke Energy, Inc.
  74,166   451,671
TimkenSteel Corp.(b)
  43,758   626,615
Tredegar Corp.
  3,137   34,507
TriMas Corp.
  1,909   63,226
Trinseo PLC
  9,346   441,412
  Shares   Value
Materials-(continued)
Tronox Holdings PLC, Class A
  17,934   $394,369
United States Lime & Minerals, Inc.
  337   40,154
Valhi, Inc.
  2,076   54,765
Verso Corp., Class A
  7,235   152,948
Worthington Industries, Inc.
  1,569   75,281
        9,648,198
Real Estate-2.33%
Acadia Realty Trust
  3,218   64,971
Alexander & Baldwin, Inc.
  3,150   69,395
Apartment Investment & Management Co., Class A
  14,593   108,134
Armada Hoffler Properties, Inc.
  5,997   83,658
Brandywine Realty Trust
  5,406   69,467
Broadstone Net Lease, Inc.
  3,677   91,925
CareTrust REIT, Inc.
  1,655   33,448
CatchMark Timber Trust, Inc., Class A
  3,386   26,038
Chatham Lodging Trust(b)
  4,367   52,011
Columbia Property Trust, Inc.
  3,117   59,846
CTO Realty Growth, Inc.(c)
  1,105   60,687
Empire State Realty Trust, Inc., Class A(c)
  7,790   70,811
Essential Properties Realty Trust, Inc.
  1,694   45,789
eXp World Holdings, Inc.(c)
  3,083   113,177
Farmland Partners, Inc.
  5,750   66,643
Gladstone Land Corp.
  2,409   68,825
Independence Realty Trust, Inc.
  3,767   92,292
Industrial Logistics Properties Trust
  1,757   38,935
Innovative Industrial Properties, Inc.(c)
  362   92,973
iStar, Inc.(c)
  2,273   55,325
Kite Realty Group Trust
  11,361   228,583
Macerich Co. (The)(c)
  3,261   61,502
Monmouth Real Estate Investment Corp.
  2,021   41,976
National Storage Affiliates Trust
  1,137   69,789
NETSTREIT Corp.
  3,664   78,190
Newmark Group, Inc., Class A
  7,865   126,312
NexPoint Residential Trust, Inc.
  1,102   82,187
Office Properties Income Trust
  1,222   28,998
One Liberty Properties, Inc.
  1,962   63,824
Paramount Group, Inc.
  4,314   34,339
Plymouth Industrial REIT, Inc.
  2,315   68,871
PotlatchDeltic Corp.
  890   48,185
Rafael Holdings, Inc., Class B(b)
  2,939   16,135
Realogy Holdings Corp.(b)
  34,440   523,144
Retail Opportunity Investments Corp.
  3,992   70,100
RPT Realty
  9,484   120,637
SITE Centers Corp.
  6,034   90,872
St. Joe Co. (The)
  2,135   102,501
Tanger Factory Outlet Centers, Inc.
  15,804   313,077
UMH Properties, Inc.
  4,425   102,129
Urban Edge Properties
  6,901   118,904
Urstadt Biddle Properties, Inc., Class A
  3,281   61,945
Xenia Hotels & Resorts, Inc.(b)
  3,299   51,695
        3,868,245
Utilities-0.17%
ALLETE, Inc.
  525   30,781
Avista Corp.
  953   36,700
Chesapeake Utilities Corp.
  477   60,750
Otter Tail Corp.
  1,123   73,433
 
See accompanying notes which are an integral part of this schedule.
Invesco Russell 2000® Dynamic Multifactor ETF (OMFS)—(continued)
November 30, 2021
(Unaudited)
  Shares   Value
Utilities-(continued)
Unitil Corp.
  836   $34,644
Via Renewables, Inc.
  3,359   37,520
        273,828
TOTAL INVESTMENTS IN SECURITIES

(excluding investments purchased with cash collateral from securities on loan)-99.88%

(Cost $162,021,821)
  165,706,448
Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds-13.55%
Invesco Private Government Fund, 0.02%(g)(h)(i)
  6,644,025   6,644,025
  Shares   Value
Money Market Funds-(continued)
Invesco Private Prime Fund, 0.11%(g)(h)(i)
  15,834,474   $15,839,224
Total Investments Purchased with Cash Collateral from Securities on Loan

(Cost $22,484,245)
  22,483,249
TOTAL INVESTMENTS IN SECURITIES-113.43%

(Cost $184,506,066)
  188,189,697
OTHER ASSETS LESS LIABILITIES-(13.43)%
  (22,277,055)
NET ASSETS-100.00%
  $165,912,642
 
Investment Abbreviations:
CVR -Contingent Value Rights
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, 2021.
(d) Restricted security. The value of this security at November 30, 2021 represented less than 1% of the Fund’s Net Assets.
(e) 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, 2021 represented less than 1% of the Fund’s Net Assets.
(f) Security valued using significant unobservable inputs (Level 3). See Note 1.
(g) Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the three months ended November 30, 2021.
    
  Value
August 31, 2021 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation
(Depreciation) 		  Realized
Gain
(Loss) 		  Value
November 30, 2021 		  Dividend
Income
Investments in Affiliated Money Market Funds:                          
Invesco Government & Agency Portfolio, Institutional Class $-   $1,890,240   $(1,890,240)   $-   $-   $-   $6
Investments Purchased with Cash Collateral from Securities on Loan:                          
Invesco Private Government Fund 3,396,398   7,915,936   (4,668,309)   -   -   6,644,025   250*
Invesco Private Prime Fund 8,063,812   18,792,714   (11,015,879)   (996)   (427)   15,839,224   3,076*
Total $11,460,210   $28,598,890   $(17,574,428)   $(996)   $(427)   $22,483,249   $3,332
    
* 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, 2021.
(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.
Notes to Quarterly Schedules of Portfolio Holdings
November 30, 2021
(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 or are unreliable. 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 a Fund’s own 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, 2021. 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 International Developed Dynamic Multifactor ETF              
Investments in Securities              
Common Stocks & Other Equity Interests $126,573,246   $15   $-   $126,573,261
Money Market Funds -   1,632,199   -   1,632,199
Total Investments $126,573,246   $1,632,214   $-   $128,205,460
Invesco Russell 1000® Dynamic Multifactor ETF              
Investments in Securities              
Common Stocks & Other Equity Interests $1,909,404,277   $-   $401,841   $1,909,806,118
Money Market Funds -   100,446,580   -   100,446,580
Total Investments $1,909,404,277   $100,446,580   $401,841   $2,010,252,698
Invesco Russell 2000® Dynamic Multifactor ETF              
Investments in Securities              
Common Stocks & Other Equity Interests $165,706,313   $-   $135   $165,706,448
Money Market Funds -   22,483,249   -   22,483,249
Total Investments $165,706,313   $22,483,249   $135   $188,189,697