NPORT-EX 2 edgar.htm EDGAR HTML
Schedule of Investments(a)
Invesco Bloomberg Pricing Power ETF (POWA)
November 30, 2024
(Unaudited)
 
 
Shares
Value
Common Stocks & Other Equity Interests-99.89%
Consumer Discretionary-8.27%
Best Buy Co., Inc.(b)
 
43,150
$3,883,500
Home Depot, Inc. (The)
 
10,145
4,353,524
Lowe’s Cos., Inc.
 
15,506
4,224,299
Tractor Supply Co.(b)
 
14,043
3,983,578
 
 
16,444,901
Consumer Staples-15.03%
Archer-Daniels-Midland Co.(b)
 
63,416
3,462,514
Costco Wholesale Corp.
 
4,263
4,143,124
Dollar Tree, Inc.(b)(c)
 
37,557
2,676,687
Hershey Co. (The)(b)
 
19,024
3,350,697
Kroger Co. (The)
 
71,298
4,354,882
PepsiCo, Inc.
 
21,450
3,506,003
Sysco Corp.
 
48,724
3,757,108
Walmart, Inc.
 
49,949
4,620,282
 
 
29,871,297
Financials-2.05%
MSCI, Inc.
 
6,692
4,079,644
Health Care-23.08%
Cardinal Health, Inc.
 
34,275
4,189,776
Cencora, Inc.
 
15,702
3,949,838
Cooper Cos., Inc. (The)(c)
 
40,126
4,191,562
GE HealthCare Technologies, Inc.(b)
 
44,486
3,702,125
IQVIA Holdings, Inc.(c)
 
15,215
3,055,781
McKesson Corp.
 
6,731
4,230,433
Mettler-Toledo International, Inc.(c)
 
2,625
3,284,400
STERIS PLC
 
16,027
3,510,875
Veeva Systems, Inc., Class A(b)(c)
 
18,656
4,250,769
Vertex Pharmaceuticals, Inc.(c)
 
7,731
3,619,113
Waters Corp.(b)(c)
 
11,140
4,285,781
Zoetis, Inc.
 
20,548
3,601,037
 
 
45,871,490
Industrials-24.77%
AMETEK, Inc.
 
22,643
4,401,346
Booz Allen Hamilton Holding Corp.(b)
 
24,451
3,623,149
Cummins, Inc.
 
12,371
4,639,620
Dover Corp.
 
20,613
4,244,217
Fastenal Co.(b)
 
55,145
4,607,916
HEICO Corp.(b)
 
15,362
4,199,510
J.B. Hunt Transport Services, Inc.(b)
 
21,414
4,049,602
Johnson Controls International PLC
 
53,269
4,467,138
Lockheed Martin Corp.
 
6,786
3,592,576
Otis Worldwide Corp.(b)
 
39,998
4,118,994
Rollins, Inc.
 
75,089
3,779,230
Xylem, Inc.(b)
 
27,659
3,505,778
 
 
49,229,076
 
Shares
Value
Information Technology-20.20%
Accenture PLC, Class A (Ireland)
 
11,264
$4,081,736
ANSYS, Inc.(c)
 
11,354
3,986,389
Autodesk, Inc.(c)
 
14,905
4,350,769
Cadence Design Systems, Inc.(b)(c)
 
13,207
4,052,040
Lam Research Corp.
 
43,032
3,179,204
Microsoft Corp.
 
8,860
3,751,856
ServiceNow, Inc.(c)
 
4,478
4,699,392
Synopsys, Inc.(c)
 
6,653
3,715,634
VeriSign, Inc.(c)
 
20,820
3,897,088
Zebra Technologies Corp., Class A(c)
 
10,893
4,433,451
 
 
40,147,559
Materials-4.40%
AptarGroup, Inc.(b)
 
25,153
4,350,463
CRH PLC
 
42,976
4,395,155
 
 
8,745,618
Real Estate-2.09%
Iron Mountain, Inc.
 
33,525
4,146,037
Total Common Stocks & Other Equity Interests
(Cost $170,544,833)
198,535,622
Money Market Funds-0.02%
Invesco Government & Agency Portfolio,
Institutional Class, 4.57%(d)(e)
(Cost $39,341)
 
39,341
39,341
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.91%
(Cost $170,584,174)
198,574,963
Investments Purchased with Cash Collateral from Securities
on Loan
Money Market Funds-16.50%
Invesco Private Government Fund,
4.63%(d)(e)(f)
 
9,188,427
9,188,427
Invesco Private Prime Fund, 4.71%(d)(e)(f)
 
23,603,575
23,610,656
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $32,799,083)
32,799,083
TOTAL INVESTMENTS IN SECURITIES-116.41%
(Cost $203,383,257)
231,374,046
OTHER ASSETS LESS LIABILITIES-(16.41)%
(32,616,142
)
NET ASSETS-100.00%
$198,757,904
See accompanying notes which are an integral part of this schedule.
Invesco Bloomberg Pricing Power ETF (POWA)—(continued)
November 30, 2024
(Unaudited)
Notes to Schedule of Investments:
(a)
Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
(b)
All or a portion of this security was out on loan at November 30, 2024.
(c)
Non-income producing security.
(d)
Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the three months ended November 30, 2024.
 
 
Value
August 31, 2024
Purchases
at Cost
Proceeds
from Sales
Change in
Unrealized
Appreciation
(Depreciation)
Realized
Gain
(Loss)
Value
November 30, 2024
Dividend
Income
Investments in Affiliated
Money Market Funds:
Invesco Government &
Agency Portfolio,
Institutional Class
$24,059
$413,328
$(398,046
)
$-
$-
$39,341
$844
Investments Purchased
with Cash Collateral from
Securities on Loan:
Invesco Private
Government Fund
6,377,367
53,749,141
(50,938,081
)
-
-
9,188,427
103,182
*
Invesco Private Prime Fund
16,604,083
90,129,641
(83,121,060
)
(883
)
(1,125
)
23,610,656
274,088
*
Total
$23,005,509
$144,292,110
$(134,457,187
)
$(883
)
$(1,125
)
$32,838,424
$378,114
 
*
Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from
borrowers, if any.
 
(e)
The rate shown is the 7-day SEC standardized yield as of November 30, 2024.
(f)
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.  
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments(a)
Invesco RAFITM Strategic US ETF (IUS)
November 30, 2024
(Unaudited)
 
 
Shares
Value
Common Stocks & Other Equity Interests-99.97%
Communication Services-12.58%
Alphabet, Inc., Class A
 
130,549
$22,056,254
AT&T, Inc.
 
372,845
8,635,090
Charter Communications, Inc., Class A(b)(c)
 
5,491
2,179,735
Comcast Corp., Class A
 
164,808
7,118,058
EchoStar Corp., Class A(b)(c)
 
15,210
384,661
Electronic Arts, Inc.
 
3,900
638,313
Fox Corp., Class A(c)
 
21,068
992,724
Frontier Communications Parent, Inc.(b)
 
6,296
219,164
IAC, Inc.(b)(c)
 
2,968
140,476
Interpublic Group of Cos., Inc. (The)
 
10,204
314,385
Liberty Broadband Corp., Class C(b)(c)
 
4,338
369,337
Liberty Media Corp.-Liberty Formula One(b)(c)
 
2,467
217,984
Live Nation Entertainment, Inc.(b)
 
2,124
293,643
Lumen Technologies, Inc.(b)(c)
 
352,171
2,584,935
Meta Platforms, Inc., Class A
 
24,379
14,001,347
Netflix, Inc.(b)
 
2,462
2,183,326
News Corp., Class A
 
13,335
391,382
Nexstar Media Group, Inc., Class A(c)
 
1,547
263,903
Omnicom Group, Inc.
 
4,284
449,049
Paramount Global, Class B
 
61,038
662,262
Pinterest, Inc., Class A(b)
 
4,626
140,260
Take-Two Interactive Software, Inc.(b)(c)
 
1,329
250,357
TEGNA, Inc.
 
11,984
224,940
Telephone and Data Systems, Inc.
 
9,926
339,271
T-Mobile US, Inc.
 
10,585
2,613,860
Verizon Communications, Inc.
 
169,486
7,515,009
Walt Disney Co. (The)
 
31,241
3,669,880
Warner Bros. Discovery, Inc.(b)
 
178,616
1,871,896
 
 
80,721,501
Consumer Discretionary-12.16%
Academy Sports & Outdoors, Inc.(c)
 
3,139
154,596
Adient PLC(b)(c)
 
7,969
153,244
Advance Auto Parts, Inc.(c)
 
2,946
121,817
Airbnb, Inc., Class A(b)
 
5,894
802,232
Amazon.com, Inc.(b)
 
64,031
13,311,405
Aptiv PLC(b)
 
6,366
353,504
Aramark
 
8,349
339,721
Asbury Automotive Group, Inc.(b)(c)
 
1,035
268,924
Autoliv, Inc. (Sweden)
 
2,097
207,855
AutoNation, Inc.(b)
 
1,971
352,592
AutoZone, Inc.(b)
 
275
871,624
Best Buy Co., Inc.(c)
 
9,728
875,520
Booking Holdings, Inc.
 
518
2,694,626
BorgWarner, Inc.
 
9,998
343,131
Brunswick Corp.(c)
 
2,441
196,525
Burlington Stores, Inc.(b)
 
981
276,524
Caesars Entertainment, Inc.(b)
 
7,980
307,150
Capri Holdings Ltd.(b)
 
5,991
140,249
CarMax, Inc.(b)
 
5,912
496,431
Carnival Corp.(b)
 
29,375
747,006
Chipotle Mexican Grill, Inc.(b)
 
5,275
324,518
Coupang, Inc. (South Korea)(b)
 
13,620
345,403
D.R. Horton, Inc.
 
6,601
1,114,117
Dana, Inc.
 
12,237
122,370
Darden Restaurants, Inc.(c)
 
2,434
429,041
Deckers Outdoor Corp.(b)
 
1,129
221,239
Dick’s Sporting Goods, Inc.(c)
 
1,909
395,621
DoorDash, Inc., Class A(b)
 
2,487
448,854
eBay, Inc.
 
12,481
789,922
Expedia Group, Inc.(b)
 
5,100
941,562
Ford Motor Co.
 
318,412
3,543,926
 
Shares
Value
Consumer Discretionary-(continued)
Gap, Inc. (The)
 
8,507
$206,295
Garmin Ltd.
 
1,620
344,412
General Motors Co.
 
109,967
6,113,066
Genuine Parts Co.
 
3,067
388,681
Goodyear Tire & Rubber Co. (The)(b)(c)
 
26,102
280,335
Group 1 Automotive, Inc.(c)
 
859
365,762
H&R Block, Inc.(c)
 
3,278
194,320
Harley-Davidson, Inc.(c)
 
5,584
187,790
Hasbro, Inc.
 
2,827
184,179
Hilton Worldwide Holdings, Inc.
 
2,404
609,270
Home Depot, Inc. (The)
 
13,998
6,006,962
Hyatt Hotels Corp., Class A(c)
 
1,567
247,492
KB Home
 
3,230
267,250
Kohl’s Corp.
 
13,717
205,343
Las Vegas Sands Corp.(c)
 
7,315
388,134
Lear Corp.
 
3,266
319,545
Lennar Corp., Class A
 
7,352
1,282,115
Lithia Motors, Inc., Class A(c)
 
1,429
552,880
LKQ Corp.(c)
 
8,751
343,827
Lowe’s Cos., Inc.
 
11,127
3,031,329
lululemon athletica, inc.(b)
 
943
302,382
Macy’s, Inc.
 
21,554
350,037
Marriott International, Inc., Class A
 
3,579
1,034,653
McDonald’s Corp.
 
6,155
1,821,942
MercadoLibre, Inc. (Brazil)(b)
 
303
601,507
Meritage Homes Corp.
 
980
187,249
MGM Resorts International(b)(c)
 
12,468
478,023
Mohawk Industries, Inc.(b)
 
2,149
298,346
Murphy USA, Inc.
 
678
371,408
Newell Brands, Inc.
 
25,562
245,140
NIKE, Inc., Class B
 
21,594
1,700,959
Norwegian Cruise Line Holdings Ltd.(b)
 
12,923
347,499
NVR, Inc.(b)
 
51
471,015
ODP Corp. (The)(b)(c)
 
4,100
105,288
O’Reilly Automotive, Inc.(b)
 
698
867,768
PENN Entertainment, Inc.(b)(c)
 
12,355
266,744
Polaris, Inc.
 
2,506
172,914
Pool Corp.
 
508
191,562
PulteGroup, Inc.
 
4,840
654,707
PVH Corp.
 
2,395
259,546
Ralph Lauren Corp.
 
1,319
305,217
RH(b)(c)
 
718
276,531
Ross Stores, Inc.
 
4,705
728,663
Royal Caribbean Cruises Ltd.
 
2,807
685,076
Service Corp. International(c)
 
2,817
249,558
Signet Jewelers Ltd.(c)
 
1,678
168,136
Skechers U.S.A., Inc., Class A(b)
 
3,238
206,649
Starbucks Corp.
 
13,354
1,368,251
Tapestry, Inc.
 
6,912
430,479
Taylor Morrison Home Corp., Class A(b)
 
4,067
300,429
Tesla, Inc.(b)
 
12,783
4,412,180
Thor Industries, Inc.(c)
 
2,370
264,492
TJX Cos., Inc. (The)
 
14,899
1,872,655
Toll Brothers, Inc.
 
2,821
465,945
Tractor Supply Co.
 
1,422
403,379
Ulta Beauty, Inc.(b)
 
916
354,162
V.F. Corp.(c)
 
17,827
360,640
Vail Resorts, Inc.(c)
 
893
160,061
Valvoline, Inc.(b)(c)
 
4,459
177,067
Whirlpool Corp.(c)
 
3,777
420,833
See accompanying notes which are an integral part of this schedule.
Invesco RAFITM Strategic US ETF (IUS)—(continued)
November 30, 2024
(Unaudited)
 
Shares
Value
Consumer Discretionary-(continued)
Williams-Sonoma, Inc.(c)
 
1,790
$307,916
Yum! Brands, Inc.
 
1,176
163,393
 
 
78,020,637
Consumer Staples-8.52%
Albertson’s Cos., Inc., Class A(c)
 
39,648
787,013
Altria Group, Inc.
 
38,671
2,232,864
Andersons, Inc. (The)
 
4,567
218,029
Archer-Daniels-Midland Co.
 
33,378
1,822,439
BJ’s Wholesale Club Holdings, Inc.(b)(c)
 
3,469
334,065
Brown-Forman Corp., Class B(c)
 
4,066
171,097
Bunge Global S.A.
 
9,102
816,813
Casey’s General Stores, Inc.
 
782
329,136
Church & Dwight Co., Inc.
 
2,268
249,775
Clorox Co. (The)
 
1,551
259,281
Coca-Cola Co. (The)
 
43,159
2,765,629
Colgate-Palmolive Co.
 
8,291
801,159
Conagra Brands, Inc.
 
14,389
396,417
Constellation Brands, Inc., Class A
 
2,634
634,662
Costco Wholesale Corp.
 
4,973
4,833,159
Darling Ingredients, Inc.(b)(c)
 
4,953
200,745
Dollar General Corp.
 
5,713
441,444
Dollar Tree, Inc.(b)(c)
 
5,713
407,166
Estee Lauder Cos., Inc. (The), Class A
 
3,876
279,537
General Mills, Inc.
 
12,970
859,392
Hershey Co. (The)(c)
 
2,310
406,860
Hormel Foods Corp.(c)
 
10,902
353,552
Ingredion, Inc.
 
1,631
240,312
J.M. Smucker Co. (The)(c)
 
3,561
419,450
Kellanova
 
6,305
512,533
Keurig Dr Pepper, Inc.
 
21,759
710,431
Kimberly-Clark Corp.
 
4,838
674,175
Kraft Heinz Co. (The)
 
44,178
1,412,371
Kroger Co. (The)
 
39,608
2,419,257
McCormick & Co., Inc.
 
3,647
285,961
Molson Coors Beverage Co., Class B(c)
 
9,031
560,464
Mondelez International, Inc., Class A
 
21,544
1,399,283
Monster Beverage Corp.(b)
 
5,248
289,322
PepsiCo, Inc.
 
16,248
2,655,736
Performance Food Group Co.(b)(c)
 
8,655
763,717
Philip Morris International, Inc.
 
17,933
2,386,165
Post Holdings, Inc.(b)
 
1,894
228,189
Procter & Gamble Co. (The)
 
27,580
4,943,991
Sysco Corp.
 
15,177
1,170,298
Target Corp.(c)
 
12,837
1,698,463
The Campbell’s Company(c)
 
4,269
197,228
Tyson Foods, Inc., Class A
 
17,835
1,150,357
United Natural Foods, Inc.(b)(c)
 
31,631
785,398
US Foods Holding Corp.(b)
 
9,308
649,419
Walgreens Boots Alliance, Inc.(c)
 
92,145
831,148
Walmart, Inc.
 
93,539
8,652,357
 
 
54,636,259
Energy-9.56%
Antero Resources Corp.(b)
 
8,691
284,109
APA Corp.
 
15,297
346,477
Baker Hughes Co., Class A
 
25,138
1,104,815
Cheniere Energy, Inc.
 
7,139
1,599,207
Chevron Corp.
 
65,349
10,581,964
Chord Energy Corp.
 
1,931
246,241
Civitas Resources, Inc.(c)
 
4,481
232,474
CNX Resources Corp.(b)(c)
 
8,353
338,464
ConocoPhillips
 
37,832
4,098,719
 
Shares
Value
Energy-(continued)
Coterra Energy, Inc.
 
29,339
$783,938
CVR Energy, Inc.(c)
 
7,740
149,769
Delek US Holdings, Inc.(c)
 
8,800
167,640
Devon Energy Corp.
 
19,621
744,617
Diamondback Energy, Inc.
 
5,409
960,584
EOG Resources, Inc.
 
16,133
2,149,884
EQT Corp.
 
13,314
604,988
Expand Energy Corp.
 
5,804
574,364
Exxon Mobil Corp.
 
125,676
14,824,741
Halliburton Co.
 
19,208
611,967
Helmerich & Payne, Inc.
 
4,450
154,103
Hess Corp.
 
3,559
523,814
HF Sinclair Corp.
 
13,613
557,180
Kinder Morgan, Inc.
 
64,058
1,810,920
Marathon Petroleum Corp.
 
25,424
3,969,958
Matador Resources Co.
 
3,311
198,693
Murphy Oil Corp.(c)
 
6,190
200,989
NOV, Inc.
 
9,277
148,617
Occidental Petroleum Corp.
 
34,251
1,732,416
ONEOK, Inc.
 
10,124
1,150,086
Ovintiv, Inc.
 
12,561
570,521
PBF Energy, Inc., Class A(c)
 
12,151
382,635
Peabody Energy Corp.
 
10,324
246,227
Permian Resources Corp.
 
12,313
192,822
Phillips 66
 
22,135
2,965,647
Range Resources Corp.(c)
 
5,550
198,357
Schlumberger N.V.
 
25,158
1,105,442
SM Energy Co.(c)
 
4,357
196,893
Targa Resources Corp.
 
4,421
903,210
TechnipFMC PLC (United Kingdom)(c)
 
7,368
231,134
Valero Energy Corp.
 
20,675
2,875,479
World Kinect Corp.(c)
 
21,125
611,569
 
 
61,331,674
Financials-9.46%
Affiliated Managers Group, Inc.(c)
 
1,208
226,548
Allstate Corp. (The)
 
8,196
1,699,768
American Express Co.
 
11,514
3,508,086
American Financial Group, Inc.
 
2,330
342,184
Aon PLC, Class A
 
2,657
1,040,322
Arch Capital Group Ltd.(b)
 
6,808
685,702
Assurant, Inc.
 
1,704
386,978
Berkshire Hathaway, Inc., Class B(b)
 
39,498
19,078,324
Blackstone, Inc., Class A
 
8,828
1,686,943
Block, Inc., Class A(b)(c)
 
7,308
647,123
Bread Financial Holdings, Inc.(c)
 
5,400
317,682
Brown & Brown, Inc.
 
1,961
221,789
Cboe Global Markets, Inc.
 
1,042
224,916
Chubb Ltd.
 
9,547
2,756,505
Cincinnati Financial Corp.
 
4,025
643,316
Corpay, Inc.(b)
 
1,008
384,229
Everest Group Ltd.
 
1,607
622,809
First American Financial Corp.
 
3,747
262,852
Fiserv, Inc.(b)
 
10,323
2,280,970
Franklin Resources, Inc.(c)
 
9,168
208,664
Hartford Financial Services Group, Inc. (The)
 
9,448
1,165,033
Janus Henderson Group PLC
 
4,981
225,540
LPL Financial Holdings, Inc.(c)
 
1,251
406,763
Markel Group, Inc.(b)(c)
 
364
648,983
Marsh & McLennan Cos., Inc.
 
4,805
1,120,670
Mastercard, Inc., Class A
 
5,494
2,927,972
Moody’s Corp.
 
894
446,982
MSCI, Inc.
 
414
252,387
See accompanying notes which are an integral part of this schedule.
Invesco RAFITM Strategic US ETF (IUS)—(continued)
November 30, 2024
(Unaudited)
 
Shares
Value
Financials-(continued)
Nasdaq, Inc.
 
3,861
$320,424
NU Holdings Ltd., Class A (Brazil)(b)
 
14,438
180,908
Old Republic International Corp.
 
11,161
434,944
OneMain Holdings, Inc.(c)
 
6,861
393,478
PayPal Holdings, Inc.(b)
 
24,628
2,136,972
Progressive Corp. (The)
 
7,440
2,000,467
Reinsurance Group of America, Inc.
 
2,921
667,156
RenaissanceRe Holdings Ltd. (Bermuda)
 
1,399
400,324
StoneX Group, Inc.(b)
 
7,043
730,782
T. Rowe Price Group, Inc.
 
4,115
509,602
TPG, Inc.(c)
 
5,071
354,767
Tradeweb Markets, Inc., Class A
 
1,471
199,321
Travelers Cos., Inc. (The)
 
6,975
1,855,629
Visa, Inc., Class A
 
15,077
4,750,461
W.R. Berkley Corp.
 
7,844
506,330
Western Union Co. (The)(c)
 
13,226
145,618
Willis Towers Watson PLC
 
2,026
652,372
 
 
60,659,595
Health Care-13.66%
Abbott Laboratories
 
20,692
2,457,589
AbbVie, Inc.
 
23,615
4,319,892
Agilent Technologies, Inc.
 
2,525
348,374
Align Technology, Inc.(b)
 
761
177,138
Amgen, Inc.
 
4,972
1,406,430
Avantor, Inc.(b)
 
8,244
173,619
Baxter International, Inc.
 
12,235
412,442
Becton, Dickinson and Co.
 
4,255
944,184
Biogen, Inc.(b)
 
1,987
319,172
Boston Scientific Corp.(b)
 
8,012
726,368
Bristol-Myers Squibb Co.
 
69,103
4,092,280
Cardinal Health, Inc.
 
24,999
3,055,878
Cencora, Inc.
 
11,588
2,914,961
Centene Corp.(b)
 
34,308
2,058,480
Cigna Group (The)
 
12,478
4,215,068
Cooper Cos., Inc. (The)(b)
 
2,026
211,636
CVS Health Corp.
 
112,254
6,718,402
Danaher Corp.
 
5,728
1,372,944
DaVita, Inc.(b)
 
2,107
350,120
DexCom, Inc.(b)
 
1,445
112,696
Edwards Lifesciences Corp.(b)
 
4,008
285,971
Elanco Animal Health, Inc.(b)
 
10,184
134,531
Elevance Health, Inc.
 
6,145
2,500,769
Eli Lilly and Co.
 
1,840
1,463,444
GE HealthCare Technologies, Inc.
 
4,719
392,715
Gilead Sciences, Inc.
 
27,341
2,531,230
GRAIL, Inc.(b)(c)
 
307
5,373
HCA Healthcare, Inc.
 
4,142
1,355,345
Henry Schein, Inc.(b)
 
3,736
287,859
Hologic, Inc.(b)
 
3,606
286,677
Humana, Inc.
 
5,542
1,642,538
Illumina, Inc.(b)(c)
 
1,622
233,811
Intuitive Surgical, Inc.(b)
 
1,464
793,488
IQVIA Holdings, Inc.(b)
 
2,157
433,212
Jazz Pharmaceuticals PLC(b)(c)
 
1,824
221,780
Johnson & Johnson
 
36,761
5,698,323
Labcorp Holdings, Inc.
 
2,508
604,829
McKesson Corp.
 
6,325
3,975,262
Medtronic PLC
 
25,175
2,178,644
Merck & Co., Inc.
 
25,513
2,593,141
Mettler-Toledo International, Inc.(b)
 
143
178,922
Moderna, Inc.(b)
 
3,337
143,691
Molina Healthcare, Inc.(b)
 
1,462
435,530
 
Shares
Value
Health Care-(continued)
Perrigo Co. PLC
 
5,545
$158,254
Pfizer, Inc.
 
152,979
4,009,580
Quest Diagnostics, Inc.
 
2,734
444,712
Regeneron Pharmaceuticals, Inc.(b)
 
1,195
896,513
ResMed, Inc.
 
952
237,067
STERIS PLC
 
1,094
239,652
Stryker Corp.
 
2,418
948,219
Tenet Healthcare Corp.(b)
 
2,987
426,185
Thermo Fisher Scientific, Inc.
 
3,729
1,974,990
United Therapeutics Corp.(b)
 
677
250,822
UnitedHealth Group, Inc.
 
16,531
10,087,216
Universal Health Services, Inc., Class B
 
2,097
429,885
Vertex Pharmaceuticals, Inc.(b)
 
1,519
711,089
Viatris, Inc.
 
69,337
907,621
West Pharmaceutical Services, Inc.
 
491
159,909
Zimmer Biomet Holdings, Inc.
 
3,819
428,110
Zoetis, Inc.
 
3,196
560,099
 
 
87,634,681
Industrials-10.59%
3M Co.
 
13,117
1,751,513
A.O. Smith Corp.
 
1,964
146,298
AECOM
 
3,101
362,724
AGCO Corp.(c)
 
2,560
259,098
Amentum Holdings, Inc.(b)
 
2,770
67,450
American Airlines Group, Inc.(b)(c)
 
11,624
168,780
AMETEK, Inc.
 
1,991
387,011
Atkore, Inc.(c)
 
1,103
104,024
Automatic Data Processing, Inc.
 
3,580
1,098,809
Avis Budget Group, Inc.(c)
 
4,734
516,337
Beacon Roofing Supply, Inc.(b)
 
2,580
291,592
Boeing Co. (The)(b)
 
4,820
749,221
Boise Cascade Co.
 
1,392
205,459
Booz Allen Hamilton Holding Corp.
 
1,386
205,377
Broadridge Financial Solutions, Inc.
 
1,024
241,684
Builders FirstSource, Inc.(b)
 
4,274
796,973
C.H. Robinson Worldwide, Inc.
 
4,832
510,163
CACI International, Inc., Class A(b)
 
432
198,668
Carlisle Cos., Inc.
 
671
306,446
Carrier Global Corp.
 
8,910
689,367
Caterpillar, Inc.
 
7,441
3,021,865
Cintas Corp.
 
1,860
419,969
Copart, Inc.(b)
 
3,838
243,291
Core & Main, Inc., Class A(b)
 
3,008
146,038
CSX Corp.
 
38,884
1,421,210
Cummins, Inc.
 
2,766
1,037,361
Deere & Co.(c)
 
5,845
2,723,185
Delta Air Lines, Inc.(c)
 
5,418
345,777
Dover Corp.
 
1,699
349,824
Eaton Corp. PLC
 
2,820
1,058,684
EMCOR Group, Inc.
 
629
320,865
Emerson Electric Co.
 
7,444
987,074
Equifax, Inc.
 
892
233,312
Expeditors International of Washington, Inc.
 
4,131
502,495
Fastenal Co.
 
5,015
419,053
FedEx Corp.
 
8,056
2,438,310
Fluor Corp.(b)
 
4,927
276,553
Fortive Corp.
 
4,748
376,659
Fortune Brands Innovations, Inc.
 
2,576
201,701
General Dynamics Corp.
 
4,193
1,190,854
General Electric Co.
 
14,537
2,648,060
GXO Logistics, Inc.(b)(c)
 
3,308
201,226
Hertz Global Holdings, Inc.(b)(c)
 
69,194
340,434
See accompanying notes which are an integral part of this schedule.
Invesco RAFITM Strategic US ETF (IUS)—(continued)
November 30, 2024
(Unaudited)
 
Shares
Value
Industrials-(continued)
Honeywell International, Inc.
 
8,740
$2,035,808
Howmet Aerospace, Inc.
 
2,803
331,819
Hubbell, Inc.
 
471
216,702
Huntington Ingalls Industries, Inc.
 
1,008
199,503
Illinois Tool Works, Inc.
 
3,291
913,318
Ingersoll Rand, Inc.
 
3,537
368,449
J.B. Hunt Transport Services, Inc.
 
1,694
320,352
Jacobs Solutions, Inc.
 
2,770
391,207
Johnson Controls International PLC
 
12,593
1,056,049
Knight-Swift Transportation Holdings, Inc.
 
5,519
327,608
L3Harris Technologies, Inc.
 
3,723
916,789
Leidos Holdings, Inc.
 
2,143
354,452
Lockheed Martin Corp.
 
5,489
2,905,931
ManpowerGroup, Inc.
 
3,791
244,027
Masco Corp.
 
3,319
267,379
Norfolk Southern Corp.
 
3,892
1,073,608
Northrop Grumman Corp.
 
2,612
1,278,966
Old Dominion Freight Line, Inc.
 
1,577
355,046
Oshkosh Corp.
 
1,624
184,503
Otis Worldwide Corp.
 
3,329
342,820
Owens Corning
 
2,225
457,505
PACCAR, Inc.
 
9,718
1,137,006
Parker-Hannifin Corp.
 
1,273
894,792
Paychex, Inc.
 
2,751
402,389
Quanta Services, Inc.
 
1,490
513,335
Regal Rexnord Corp.
 
1,414
244,212
Republic Services, Inc.
 
2,230
486,809
Robert Half, Inc.(c)
 
2,640
196,970
Rockwell Automation, Inc.
 
1,254
370,106
RTX Corp.
 
34,512
4,204,597
Ryder System, Inc.
 
2,998
506,182
Science Applications International Corp.(c)
 
1,363
169,353
Snap-on, Inc.
 
968
357,860
Southwest Airlines Co.
 
6,047
195,681
SS&C Technologies Holdings, Inc.
 
4,373
338,208
Stanley Black & Decker, Inc.
 
5,230
467,824
Textron, Inc.
 
5,295
453,411
Trane Technologies PLC
 
1,824
759,185
TransDigm Group, Inc.
 
211
264,377
TriNet Group, Inc.(c)
 
1,814
169,482
Uber Technologies, Inc.(b)
 
9,864
709,813
UFP Industries, Inc.
 
1,659
225,458
Union Pacific Corp.
 
6,886
1,684,729
United Airlines Holdings, Inc.(b)
 
5,268
510,100
United Parcel Service, Inc., Class B
 
20,329
2,759,052
United Rentals, Inc.
 
1,048
907,568
Verisk Analytics, Inc.
 
1,852
544,877
W.W. Grainger, Inc.
 
459
553,251
Wabtec Corp.
 
2,323
466,040
Waste Connections, Inc.
 
2,250
433,058
Waste Management, Inc.
 
4,456
1,016,948
Watsco, Inc.(c)
 
410
226,156
WESCO International, Inc.
 
1,688
357,130
WillScot Holdings Corp.(b)(c)
 
4,865
186,038
Xylem, Inc.
 
1,855
235,121
ZIM Integrated Shipping Services Ltd.
(Israel)(c)
 
20,752
457,374
 
 
67,907,127
Information Technology-17.71%
Accenture PLC, Class A (Ireland)
 
8,417
3,050,068
Adobe, Inc.(b)
 
3,380
1,743,843
Advanced Micro Devices, Inc.(b)
 
9,079
1,245,412
 
Shares
Value
Information Technology-(continued)
Akamai Technologies, Inc.(b)
 
3,047
$286,479
Amdocs Ltd.
 
3,013
261,287
Amkor Technology, Inc.
 
6,037
159,618
Amphenol Corp., Class A
 
8,356
607,063
ANSYS, Inc.(b)
 
541
189,945
Apple, Inc.
 
131,841
31,289,825
Applied Materials, Inc.
 
7,251
1,266,822
AppLovin Corp., Class A(b)
 
2,015
678,551
Arista Networks, Inc.(b)
 
707
286,915
Arrow Electronics, Inc.(b)
 
4,370
525,099
Autodesk, Inc.(b)
 
1,552
453,029
Avnet, Inc.
 
6,432
351,895
Broadcom, Inc.
 
28,238
4,576,815
Cadence Design Systems, Inc.(b)
 
1,009
309,571
CDW Corp.
 
1,910
336,026
Cisco Systems, Inc.
 
81,028
4,797,668
Cognizant Technology Solutions Corp.,
Class A
 
11,141
896,739
Coherent Corp.(b)
 
2,941
294,571
Corning, Inc.
 
16,723
813,908
Dell Technologies, Inc., Class C
 
10,477
1,336,760
DXC Technology Co.(b)
 
24,037
540,833
F5, Inc.(b)
 
949
237,582
First Solar, Inc.(b)
 
925
184,325
Flex Ltd.(b)(c)
 
17,818
694,368
Fortinet, Inc.(b)
 
4,612
438,371
Gartner, Inc.(b)
 
460
238,248
Gen Digital, Inc.
 
9,223
284,530
GoDaddy, Inc., Class A(b)
 
1,758
347,328
Hewlett Packard Enterprise Co.
 
61,011
1,294,653
HP, Inc.
 
30,369
1,075,974
Insight Enterprises, Inc.(b)(c)
 
936
146,437
Intel Corp.
 
109,428
2,631,743
International Business Machines Corp.
 
15,618
3,551,689
Intuit, Inc.
 
1,800
1,155,114
Jabil, Inc.
 
5,201
706,452
Juniper Networks, Inc.
 
7,345
263,832
Keysight Technologies, Inc.(b)
 
1,900
324,596
KLA Corp.
 
978
632,795
Kyndryl Holdings, Inc.(b)
 
7,723
268,065
Lam Research Corp.
 
11,678
862,771
Marvell Technology, Inc.
 
6,378
591,177
Microchip Technology, Inc.
 
6,753
460,352
Micron Technology, Inc.
 
11,081
1,085,384
Microsoft Corp.
 
40,482
17,142,508
Motorola Solutions, Inc.
 
1,072
535,678
NetApp, Inc.
 
3,117
382,269
NVIDIA Corp.
 
41,811
5,780,371
ON Semiconductor Corp.(b)
 
5,520
392,582
Oracle Corp.
 
11,679
2,158,746
Palo Alto Networks, Inc.(b)
 
1,087
421,560
Qorvo, Inc.(b)
 
2,258
155,915
QUALCOMM, Inc.
 
11,822
1,874,142
Roper Technologies, Inc.
 
832
471,278
Salesforce, Inc.
 
9,955
3,285,051
Seagate Technology Holdings PLC
 
2,287
231,742
ServiceNow, Inc.(b)
 
638
669,543
Skyworks Solutions, Inc.
 
3,577
313,309
Snowflake, Inc., Class A(b)
 
1,521
265,871
Synopsys, Inc.(b)
 
753
420,543
TD SYNNEX Corp.(c)
 
6,122
728,457
TE Connectivity PLC (Switzerland)
 
5,209
787,184
See accompanying notes which are an integral part of this schedule.
Invesco RAFITM Strategic US ETF (IUS)—(continued)
November 30, 2024
(Unaudited)
 
Shares
Value
Information Technology-(continued)
Teledyne Technologies, Inc.(b)
 
627
$304,258
Teradyne, Inc.
 
1,291
142,010
Texas Instruments, Inc.
 
8,343
1,677,193
Twilio, Inc., Class A(b)
 
4,321
451,717
VeriSign, Inc.(b)
 
962
180,067
Western Digital Corp.(b)
 
3,649
266,341
Workday, Inc., Class A(b)
 
1,348
336,987
Xerox Holdings Corp.(c)
 
14,091
128,792
Zoom Video Communications, Inc., Class A(b)
 
4,238
350,440
 
 
113,629,082
Materials-3.66%
Air Products and Chemicals, Inc.
 
2,892
966,882
Albemarle Corp.(c)
 
2,973
320,192
Alcoa Corp.
 
5,376
249,608
Alpha Metallurgical Resources, Inc.(c)
 
596
146,360
Amcor PLC
 
43,618
464,096
Arch Resources, Inc.(c)
 
1,031
177,250
Avery Dennison Corp.
 
997
205,332
Ball Corp.
 
4,770
296,503
Berry Global Group, Inc.
 
6,004
434,149
Celanese Corp.
 
2,258
165,308
CF Industries Holdings, Inc.
 
6,712
601,798
Cleveland-Cliffs, Inc.(b)(c)
 
29,106
362,370
Commercial Metals Co.(c)
 
4,502
277,728
Corteva, Inc.
 
14,398
896,132
Crown Holdings, Inc.(c)
 
3,081
283,729
Dow, Inc.
 
26,073
1,152,687
DuPont de Nemours, Inc.
 
10,914
912,301
Eastman Chemical Co.
 
3,337
349,451
Ecolab, Inc.
 
1,967
489,331
Freeport-McMoRan, Inc.
 
17,690
781,898
Graphic Packaging Holding Co.
 
8,037
241,833
Huntsman Corp.
 
8,997
176,161
International Flavors & Fragrances, Inc.
 
5,230
477,813
International Paper Co.(c)
 
14,636
861,036
Linde PLC
 
5,448
2,511,474
LyondellBasell Industries N.V., Class A
 
9,691
807,648
Magnera Corp.(b)
 
1
20
Martin Marietta Materials, Inc.
 
559
335,400
Mosaic Co. (The)
 
22,586
597,626
Newmont Corp.
 
19,344
811,287
Nucor Corp.
 
8,734
1,351,062
Olin Corp.(c)
 
5,609
238,887
Packaging Corp. of America
 
1,788
444,944
PPG Industries, Inc.
 
3,817
474,720
Reliance, Inc.
 
1,636
525,549
RPM International, Inc.
 
1,743
241,894
Sherwin-Williams Co. (The)
 
2,231
886,599
Smurfit WestRock PLC
 
9,941
546,954
Sonoco Products Co.
 
2,988
155,017
Steel Dynamics, Inc.
 
5,695
827,313
Ternium S.A., ADR (Mexico)
 
13,913
461,494
United States Steel Corp.(c)
 
15,593
635,727
Vulcan Materials Co.
 
1,287
370,823
 
 
23,514,386
 
Shares
Value
Real Estate-0.68%
CBRE Group, Inc., Class A(b)
 
6,714
$939,893
CoStar Group, Inc.(b)(c)
 
2,002
162,843
Equinix, Inc.
 
663
650,721
Host Hotels & Resorts, Inc.
 
14,065
259,077
Iron Mountain, Inc.
 
3,274
404,896
Jones Lang LaSalle, Inc.(b)
 
1,557
436,894
Public Storage
 
2,508
872,909
SBA Communications Corp., Class A
 
1,011
228,739
Weyerhaeuser Co.
 
12,757
411,541
 
 
4,367,513
Utilities-1.39%
AES Corp. (The)
 
19,313
251,842
CenterPoint Energy, Inc.
 
19,529
637,036
CMS Energy Corp.
 
5,849
407,734
Consolidated Edison, Inc.
 
9,033
908,630
Constellation Energy Corp.
 
1,099
281,959
DTE Energy Co.
 
5,088
639,969
Exelon Corp.
 
27,952
1,105,781
FirstEnergy Corp.
 
12,828
545,831
National Fuel Gas Co.
 
2,938
187,944
NRG Energy, Inc.
 
4,422
449,319
ONE Gas, Inc.
 
2,615
203,892
PPL Corp.
 
17,369
606,699
UGI Corp.(c)
 
11,229
341,025
Vistra Corp.
 
7,336
1,172,586
Xcel Energy, Inc.(c)
 
15,831
1,148,697
 
 
8,888,944
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.97%
(Cost $565,770,771)
641,311,399
Investments Purchased with Cash Collateral from Securities
on Loan
Money Market Funds-4.98%
Invesco Private Government Fund,
4.63%(d)(e)(f)
 
8,945,743
8,945,743
Invesco Private Prime Fund, 4.71%(d)(e)(f)
 
22,978,189
22,985,082
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $31,931,284)
31,930,825
TOTAL INVESTMENTS IN SECURITIES-104.95%
(Cost $597,702,055)
673,242,224
OTHER ASSETS LESS LIABILITIES-(4.95)%
(31,764,192
)
NET ASSETS-100.00%
$641,478,032
See accompanying notes which are an integral part of this schedule.
Invesco RAFITM Strategic US ETF (IUS)—(continued)
November 30, 2024
(Unaudited)
Investment Abbreviations:
ADR
-American Depositary Receipt
 
Notes to Schedule of Investments:
(a)
Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
(b)
Non-income producing security.
(c)
All or a portion of this security was out on loan at November 30, 2024.
(d)
Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the three months ended November 30, 2024.
 
 
Value
August 31, 2024
Purchases
at Cost
Proceeds
from Sales
Change in
Unrealized
Appreciation
(Depreciation)
Realized
Gain
Value
November 30, 2024
Dividend
Income
Investments in Affiliated
Money Market Funds:
Invesco Government & Agency
Portfolio, Institutional Class
$-
$3,247,303
$(3,247,303
)
$-
$-
$-
$3,277
Investments Purchased with
Cash Collateral from
Securities on Loan:
Invesco Private Government
Fund
4,669,544
14,791,374
(10,515,175
)
-
-
8,945,743
73,687
*
Invesco Private Prime Fund
12,524,916
32,801,789
(22,340,200
)
(1,534
)
111
22,985,082
194,099
*
Total
$17,194,460
$50,840,466
$(36,102,678
)
$(1,534
)
$111
$31,930,825
$271,063
 
*
Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from
borrowers, if any.
 
(e)
The rate shown is the 7-day SEC standardized yield as of November 30, 2024.
(f)
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.  
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Notes to Quarterly Schedules of Portfolio Holdings
November 30, 2024
(Unaudited)
NOTE 1—Additional Valuation Information
Generally Accepted Accounting Principles ("GAAP") defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment’s assigned level:
Level 1 — Prices are determined using quoted prices in an active market for identical assets.
Level 2 — Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others.
Level 3 — Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect Invesco Capital Management LLC’s assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.
The following is a summary of the tiered valuation input levels, as of November 30, 2024. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments. 
 
Level 1
Level 2
Level 3
Total
Invesco Bloomberg Pricing Power ETF
Investments in Securities
Common Stocks & Other Equity Interests
$198,535,622
$-
$-
$198,535,622
Money Market Funds
39,341
32,799,083
-
32,838,424
Total Investments
$198,574,963
$32,799,083
$-
$231,374,046
Invesco RAFITM Strategic US ETF
Investments in Securities
Common Stocks & Other Equity Interests
$641,311,399
$-
$-
$641,311,399
Money Market Funds
-
31,930,825
-
31,930,825
Total Investments
$641,311,399
$31,930,825
$-
$673,242,224