NPORT-EX 2 edgar.htm EDGAR HTML
Schedule of Investments
Invesco International Developed Dynamic Multifactor ETF (IMFL)
November 30, 2024
(Unaudited)
 
 
Shares
Value
Common Stocks & Other Equity Interests-99.81%
Australia-7.15%
ANZ Group Holdings Ltd.
 
31,833
$646,392
Aristocrat Leisure Ltd.
 
39,144
1,727,650
ASX Ltd.
 
14,725
633,688
BHP Group Ltd.(a)
 
25,616
677,014
Brambles Ltd.
 
82,880
1,027,472
CAR Group Ltd.(a)
 
13,568
366,813
Cochlear Ltd.
 
3,110
616,393
Coles Group Ltd.(a)
 
68,812
833,345
Commonwealth Bank of Australia(a)
 
38,013
3,927,009
Computershare Ltd.
 
58,349
1,212,186
CSL Ltd.
 
15,595
2,867,177
Insurance Australia Group Ltd.
 
258,354
1,435,640
James Hardie Industries PLC, CDI(b)
 
6,944
254,276
JB Hi-Fi Ltd.
 
8,776
519,458
Lottery Corp. Ltd. (The)
 
66,478
224,331
Macquarie Group Ltd.(a)
 
5,079
764,677
Medibank Pvt. Ltd.(a)
 
657,152
1,635,349
National Australia Bank Ltd.
 
36,896
939,804
Orica Ltd.
 
11,507
135,757
Origin Energy Ltd.
 
24,489
173,413
QBE Insurance Group Ltd.
 
39,941
520,391
Qube Holdings Ltd.
 
83,327
216,048
REA Group Ltd.
 
4,370
716,065
Reece Ltd.(a)
 
6,905
115,785
Rio Tinto Ltd.
 
6,016
463,397
Rio Tinto PLC
 
10,075
632,160
SGH Ltd.(b)
 
8,088
260,865
Steadfast Group Ltd.
 
132,101
499,993
Suncorp Group Ltd.
 
20,433
262,228
Telstra Group Ltd.
 
67,665
173,677
Transurban Group(a)
 
38,506
321,085
Wesfarmers Ltd.
 
179,671
8,407,466
Westpac Banking Corp.
 
62,838
1,365,619
Woolworths Group Ltd.(a)
 
14,369
282,506
 
 
34,855,129
Austria-0.06%
ANDRITZ AG
 
2,312
129,178
Mondi PLC
 
11,176
169,114
 
 
298,292
Belgium-0.28%
Lotus Bakeries N.V.(a)
 
62
745,213
UCB S.A.
 
3,054
597,871
 
 
1,343,084
Canada-3.28%
Brookfield Asset Management Ltd.,
Class A(a)
 
10,019
574,671
Canadian National Railway Co.
 
2,979
332,634
Canadian Pacific Kansas City Ltd.
 
2,801
214,274
CGI, Inc., Class A(b)
 
962
108,887
Constellation Software, Inc.
 
969
3,276,364
Dollarama, Inc.
 
18,126
1,888,009
Enbridge, Inc.(a)
 
3,529
152,663
Fairfax Financial Holdings Ltd.
 
1,437
2,038,577
Fortis, Inc.
 
3,602
161,018
George Weston Ltd.
 
2,965
476,573
Hydro One Ltd.(c)
 
6,114
199,950
Intact Financial Corp.
 
1,325
252,357
Loblaw Cos. Ltd.
 
13,676
1,774,759
Metro, Inc.
 
8,096
527,513
 
Shares
Value
Canada-(continued)
Royal Bank of Canada(a)
 
2,523
$317,431
Thomson Reuters Corp.
 
22,657
3,696,579
 
 
15,992,259
Chile-0.03%
Antofagasta PLC
 
5,831
126,181
China-0.03%
BOC Hong Kong (Holdings) Ltd.
 
53,834
165,344
Denmark-4.66%
Novo Nordisk A/S, Class B
 
188,939
20,263,915
Novonesis (Novozymes) B, Class B
 
35,512
2,080,628
Pandora A/S
 
1,192
191,858
Tryg A/S
 
8,747
201,425
 
 
22,737,826
Finland-0.82%
Elisa OYJ
 
5,087
230,390
Kone OYJ, Class B(a)
 
50,484
2,615,939
Orion OYJ, Class B
 
2,350
110,998
Sampo OYJ
 
17,606
753,860
UPM-Kymmene OYJ
 
11,280
296,657
 
 
4,007,844
France-7.35%
Air Liquide S.A.
 
10,573
1,756,378
Amundi S.A.(c)
 
3,449
224,581
AXA S.A.
 
3,537
123,206
Bureau Veritas S.A.
 
12,474
379,441
Capgemini SE
 
812
130,275
Cie de Saint-Gobain S.A.
 
12,056
1,099,415
Cie Generale des Etablissements Michelin
S.C.A.
 
53,368
1,733,295
Danone S.A.
 
30,253
2,066,096
Dassault Systemes SE
 
6,661
229,704
ENGIE S.A.
 
46,854
746,515
EssilorLuxottica S.A.
 
8,966
2,176,181
Eurazeo SE
 
9,752
716,370
Hermes International S.C.A.
 
1,943
4,237,788
La Francaise des Jeux SACA(c)
 
3,218
127,117
Legrand S.A.
 
10,172
1,019,360
L’Oreal S.A.
 
6,976
2,421,511
LVMH Moet Hennessy Louis Vuitton SE
 
343
214,649
Orange S.A.(a)
 
14,023
149,370
Publicis Groupe S.A.
 
6,405
694,762
Safran S.A.
 
710
165,353
Schneider Electric SE
 
56,327
14,486,448
TotalEnergies SE
 
6,628
384,817
Veolia Environnement S.A.
 
4,505
131,183
Vinci S.A.
 
4,260
449,311
 
 
35,863,126
Germany-10.24%
adidas AG
 
3,308
779,492
Allianz SE
 
869
268,192
Beiersdorf AG
 
5,454
706,528
Deutsche Boerse AG
 
518
121,185
Deutsche Post AG
 
4,860
178,479
Deutsche Telekom AG
 
229,348
7,334,950
E.ON SE
 
40,510
521,356
Fresenius SE & Co. KGaA(b)
 
4,137
145,373
FUCHS SE, Preference Shares
 
4,242
190,328
GEA Group AG
 
10,135
506,541
Hannover Rueck SE
 
873
227,842
See accompanying notes which are an integral part of this schedule.
Invesco International Developed Dynamic Multifactor ETF (IMFL)—(continued)
November 30, 2024
(Unaudited)
 
Shares
Value
Germany-(continued)
Heidelberg Materials AG
 
4,814
$607,095
Henkel AG & Co. KGaA
 
14,657
1,112,291
Henkel AG & Co. KGaA, Preference Shares
 
19,620
1,673,561
Knorr-Bremse AG
 
3,549
270,451
Merck KGaA
 
2,090
312,576
Muenchener Rueckversicherungs-Gesellschaft
AG in Muenchen, Class R
 
1,095
571,678
Nemetschek SE
 
1,158
120,107
Rational AG
 
334
312,202
SAP SE
 
118,362
28,115,647
Scout24 SE(c)
 
2,792
250,805
Siemens AG
 
25,453
4,923,976
Siemens Healthineers AG(c)
 
4,364
236,547
Symrise AG
 
4,283
472,727
 
 
49,959,929
Hong Kong-1.61%
AIA Group Ltd.
 
20,260
151,399
CK Hutchison Holdings Ltd.
 
50,945
265,149
CK Infrastructure Holdings Ltd.
 
57,065
393,069
CLP Holdings Ltd.
 
202,525
1,699,518
Hong Kong & China Gas Co. Ltd. (The)
 
844,582
640,365
Hong Kong Exchanges & Clearing Ltd.
 
4,730
176,155
PCCW Ltd.
 
221,235
120,546
Power Assets Holdings Ltd.
 
491,110
3,218,717
Sino Land Co. Ltd.
 
152,100
148,942
Sun Hung Kai Properties Ltd.
 
22,040
218,798
Techtronic Industries Co. Ltd.
 
21,730
306,058
VTech Holdings Ltd.
 
18,965
129,536
WH Group Ltd.
 
475,037
376,658
 
 
7,844,910
Ireland-0.10%
Kerry Group PLC, Class A
 
3,372
325,700
Kingspan Group PLC
 
1,856
139,574
 
 
465,274
Israel-0.19%
Azrieli Group Ltd.
 
1,870
149,676
Bank Hapoalim B.M.
 
30,901
354,172
Bank Leumi le-Israel B.M.
 
24,086
273,610
Tower Semiconductor Ltd.(b)
 
3,150
145,992
 
 
923,450
Italy-2.56%
Buzzi S.p.A.
 
6,945
294,146
Coca-Cola HBC AG(b)
 
10,890
388,123
Enel S.p.A.
 
43,701
314,329
Ferrari N.V.
 
23,206
10,090,844
Intesa Sanpaolo S.p.A.
 
42,248
161,845
Prysmian S.p.A.
 
16,470
1,085,835
Reply S.p.A.
 
1,064
170,255
 
 
12,505,377
Japan-14.76%
Amano Corp.
 
8,799
249,877
Asahi Kasei Corp.
 
16,506
117,378
Bandai Namco Holdings, Inc.
 
17,965
377,996
BIPROGY, Inc.
 
4,628
143,599
Bridgestone Corp.
 
10,758
383,158
Canon, Inc.
 
85,071
2,757,437
Capcom Co. Ltd.
 
5,616
131,103
Chugai Pharmaceutical Co. Ltd.
 
39,985
1,756,640
Dai Nippon Printing Co. Ltd.
 
20,086
305,600
 
Shares
Value
Japan-(continued)
Daiichi Sankyo Co. Ltd.
 
6,848
$216,541
Daito Trust Construction Co. Ltd.
 
3,843
427,967
Daiwa House Industry Co. Ltd.
 
6,134
192,166
Disco Corp.
 
1,886
509,849
ENEOS Holdings, Inc.
 
72,459
390,218
FANUC Corp.
 
21,829
564,965
Fast Retailing Co. Ltd.
 
1,265
430,497
Fuji Soft, Inc.
 
3,052
194,986
FUJIFILM Holdings Corp.
 
20,828
467,914
Fujitsu Ltd.
 
69,584
1,327,881
Hitachi Ltd.
 
319,112
7,970,098
Hoya Corp.
 
8,524
1,093,133
Idemitsu Kosan Co. Ltd.
 
19,295
128,436
ITOCHU Corp.
 
40,469
1,989,700
Japan Tobacco, Inc.(a)
 
71,863
2,018,777
Kamigumi Co. Ltd.
 
4,941
111,101
Kandenko Co. Ltd.
 
12,735
186,889
Kansai Electric Power Co., Inc. (The)
 
16,041
205,659
Kao Corp.
 
28,645
1,242,425
KDDI Corp.
 
58,457
1,926,705
Kewpie Corp.(a)
 
9,312
213,292
Keyence Corp.
 
3,920
1,689,266
Kinden Corp.
 
23,669
486,035
Kokuyo Co. Ltd.
 
8,080
150,479
Konami Group Corp.
 
3,252
319,927
K’s Holdings Corp.
 
11,676
110,163
Kyudenko Corp.
 
4,739
162,284
Kyushu Electric Power Co., Inc.
 
34,261
336,713
McDonald’s Holdings Co. (Japan) Ltd.(a)
 
7,950
327,666
MEIJI Holdings Co. Ltd.
 
13,252
282,361
Mitsubishi Corp.
 
30,951
520,470
Mitsubishi Electric Corp.
 
84,523
1,433,433
Mitsubishi Heavy Industries Ltd.
 
24,901
364,350
Mitsubishi UFJ Financial Group, Inc.
 
17,596
209,955
Mitsui & Co. Ltd.
 
15,594
325,617
MS&AD Insurance Group Holdings, Inc.
 
11,676
259,743
Murata Manufacturing Co. Ltd.
 
43,950
734,524
NEC Corp.
 
4,428
375,769
NEC Networks & System Integration Corp.
 
7,192
157,071
Nintendo Co. Ltd.
 
179,900
10,553,111
Nippon Shokubai Co. Ltd.
 
13,596
164,445
Nippon Telegraph & Telephone Corp.
 
131,026
133,831
Nitori Holdings Co. Ltd.
 
6,692
856,635
Nitto Denko Corp.
 
40,083
637,335
Nomura Research Institute Ltd.
 
8,655
263,998
OBIC Co. Ltd.
 
11,231
366,801
ORIX Corp.
 
8,743
196,009
Osaka Gas Co. Ltd.
 
25,905
566,448
Otsuka Corp.
 
17,200
427,409
Otsuka Holdings Co. Ltd.
 
22,726
1,314,215
Recruit Holdings Co. Ltd.
 
38,082
2,633,296
Rinnai Corp.
 
5,372
114,032
Sankyo Co. Ltd.
 
33,762
477,144
Santen Pharmaceutical Co. Ltd.
 
16,748
192,030
Sanwa Holdings Corp.
 
23,341
700,766
SCSK Corp.
 
6,162
124,237
SECOM Co. Ltd.
 
17,304
601,783
Sekisui Chemical Co. Ltd.
 
8,173
131,641
Shimadzu Corp.
 
14,484
406,306
Shimano, Inc.
 
3,354
467,865
Shin-Etsu Chemical Co. Ltd.
 
134,043
4,957,052
Shionogi & Co. Ltd.
 
9,456
133,417
See accompanying notes which are an integral part of this schedule.
Invesco International Developed Dynamic Multifactor ETF (IMFL)—(continued)
November 30, 2024
(Unaudited)
 
Shares
Value
Japan-(continued)
SMC Corp.
 
542
$229,308
SoftBank Corp.
 
1,479,763
1,902,602
Sompo Holdings, Inc.
 
19,900
522,858
Sony Group Corp.
 
42,033
841,584
Sugi Holdings Co. Ltd.
 
7,738
130,225
Sumitomo Corp.
 
13,029
278,304
Sumitomo Electric Industries Ltd.
 
11,613
223,159
Sumitomo Mitsui Financial Group, Inc.
 
7,600
186,527
Suntory Beverage & Food Ltd.
 
6,504
220,560
Suzuken Co. Ltd.
 
5,232
163,107
TDK Corp.
 
22,751
292,217
Tokio Marine Holdings, Inc.
 
39,474
1,462,419
Tokyo Electron Ltd.
 
2,340
363,188
TOPPAN Holdings, Inc.
 
4,053
108,136
TOTO Ltd.
 
6,060
162,652
Toyo Suisan Kaisha Ltd.
 
12,665
885,880
Toyota Motor Corp.
 
28,532
484,731
Trend Micro, Inc.
 
6,060
332,042
Unicharm Corp.
 
7,980
206,746
Zenkoku Hosho Co. Ltd.
 
8,868
316,729
 
 
72,010,593
Netherlands-2.90%
ASML Holding N.V.(a)
 
12,757
8,871,248
EXOR N.V.
 
2,387
236,106
Koninklijke Ahold Delhaize N.V.
 
13,613
469,444
Koninklijke KPN N.V.(a)
 
70,032
271,536
Universal Music Group N.V.
 
14,416
347,309
Wolters Kluwer N.V.
 
23,598
3,936,780
 
 
14,132,423
New Zealand-0.33%
Contact Energy Ltd.(a)
 
49,361
262,796
Fisher & Paykel Healthcare Corp. Ltd.
 
52,569
1,183,248
Xero Ltd.(b)
 
1,447
163,879
 
 
1,609,923
Norway-0.35%
Kongsberg Gruppen ASA
 
10,649
1,251,322
Orkla ASA
 
47,756
440,203
 
 
1,691,525
Portugal-0.04%
Jeronimo Martins SGPS S.A.
 
9,516
185,337
Singapore-0.97%
CapitaLand Integrated Commercial Trust
 
92,615
135,401
ComfortDelGro Corp. Ltd.
 
117,374
127,823
DBS Group Holdings Ltd.
 
30,486
964,846
Oversea-Chinese Banking Corp. Ltd.
 
63,153
766,890
Singapore Exchange Ltd.
 
127,427
1,209,019
Singapore Technologies Engineering Ltd.
 
72,752
244,198
Singapore Telecommunications Ltd.
 
425,037
982,818
United Overseas Bank Ltd.
 
11,141
302,157
 
 
4,733,152
South Korea-6.70%
Coway Co. Ltd.
 
4,395
207,613
DB Insurance Co. Ltd.
 
2,472
193,500
Hana Financial Group, Inc.
 
4,662
208,529
Hankook Tire & Technology Co. Ltd.
 
10,743
289,935
HD Korea Shipbuilding & Offshore Engineering
Co. Ltd.(b)
 
3,886
569,648
Hyundai Glovis Co. Ltd.
 
2,040
179,865
Hyundai Mobis Co. Ltd.
 
3,298
566,195
 
Shares
Value
South Korea-(continued)
Hyundai Motor Co.
 
2,119
$331,889
Hyundai Motor Co., Second Pfd.
 
1,131
129,878
KB Financial Group, Inc.
 
6,326
436,229
Kia Corp.
 
44,492
2,962,838
Korea Electric Power Corp.(b)
 
8,739
149,717
Korea Zinc Co. Ltd.
 
291
246,142
Krafton, Inc.(b)
 
931
208,216
KT&G Corp.
 
23,854
2,082,662
LG Corp.
 
5,203
279,348
S-1 Corp.
 
3,099
139,506
Samsung Biologics Co. Ltd.(b)(c)
 
1,702
1,189,527
Samsung C&T Corp.
 
4,101
349,822
Samsung Card Co. Ltd.
 
4,123
126,198
Samsung Electro-Mechanics Co. Ltd.
 
4,773
369,509
Samsung Electronics Co. Ltd.
 
421,264
16,366,803
Samsung Electronics Co. Ltd., Preference
Shares
 
80,232
2,657,051
Samsung Fire & Marine Insurance Co. Ltd.
 
2,956
831,676
Samsung SDS Co. Ltd.
 
1,448
152,268
Shinhan Financial Group Co. Ltd.
 
13,573
515,658
SK hynix, Inc.
 
4,923
564,272
Woori Financial Group, Inc.
 
12,161
145,665
Yuhan Corp.
 
3,064
253,457
 
 
32,703,616
Spain-1.21%
Aena SME S.A.(c)
 
1,886
407,960
Iberdrola S.A.
 
75,173
1,071,076
Industria de Diseno Textil S.A.
 
80,173
4,418,538
 
 
5,897,574
Sweden-3.89%
AAK AB
 
16,499
446,064
Alfa Laval AB
 
3,271
139,092
Assa Abloy AB, Class B
 
13,907
426,552
Atlas Copco AB, Class A
 
59,181
943,906
Atlas Copco AB, Class B
 
38,344
541,157
Essity AB, Class B
 
10,631
292,286
Industrivarden AB, Class A
 
9,465
310,506
Industrivarden AB, Class C(a)
 
12,802
419,157
Indutrade AB
 
4,030
102,754
Investor AB, Class A
 
112,769
3,070,490
Investor AB, Class B
 
410,042
11,237,911
Securitas AB, Class B
 
12,275
155,084
Tele2 AB, Class B
 
19,897
208,558
Telefonaktiebolaget LM Ericsson, Class B
 
23,061
187,295
Telia Co. AB
 
68,538
200,551
Trelleborg AB, Class B
 
4,708
155,484
Volvo AB, Class B
 
6,423
159,768
 
 
18,996,615
Switzerland-10.42%
ABB Ltd.
 
238,212
13,595,118
Belimo Holding AG
 
194
129,810
Chocoladefabriken Lindt & Spruengli AG
 
3
340,522
Chocoladefabriken Lindt & Spruengli AG, PC
 
25
288,876
EMS-Chemie Holding AG
 
659
468,631
Flughafen Zureich AG
 
533
126,686
Geberit AG
 
2,910
1,751,945
Georg Fischer AG(a)
 
1,495
115,901
Givaudan S.A.
 
780
3,436,073
Kuehne + Nagel International AG, Class R(b)
 
1,285
307,175
Logitech International S.A., Class R
 
6,101
495,144
See accompanying notes which are an integral part of this schedule.
Invesco International Developed Dynamic Multifactor ETF (IMFL)—(continued)
November 30, 2024
(Unaudited)
 
Shares
Value
Switzerland-(continued)
Lonza Group AG(b)
 
1,484
$886,694
Nestle S.A.
 
20,680
1,795,240
Novartis AG
 
183,555
19,432,662
Partners Group Holding AG
 
1,633
2,372,577
Sandoz Group AG
 
2,727
124,247
Schindler Holding AG
 
4,291
1,215,215
Schindler Holding AG, PC
 
7,587
2,190,843
SGS S.A.
 
4,483
445,145
Sonova Holding AG, Class A(a)
 
716
244,464
Swisscom AG
 
589
339,962
UBS Group AG(b)
 
5,435
175,697
VAT Group AG(c)
 
421
167,922
Zurich Insurance Group AG
 
556
352,533
 
 
50,799,082
United Kingdom-14.39%
3i Group PLC
 
265,488
12,515,975
Admiral Group PLC
 
33,638
1,095,826
Associated British Foods PLC
 
10,248
286,306
AstraZeneca PLC
 
49,933
6,735,159
Auto Trader Group PLC(c)
 
79,898
852,042
BAE Systems PLC
 
392,840
6,126,652
Beazley PLC
 
22,626
223,312
Berkeley Group Holdings PLC (The)
 
3,585
189,013
British American Tobacco PLC
 
70,640
2,682,837
Bunzl PLC
 
5,117
231,411
Compass Group PLC
 
80,768
2,762,587
Haleon PLC
 
90,843
432,190
Halma PLC
 
8,780
302,208
Hargreaves Lansdown PLC
 
71,650
995,859
Howden Joinery Group PLC
 
14,947
155,027
HSBC Holdings PLC
 
35,522
330,816
IMI PLC
 
7,889
182,497
Imperial Brands PLC
 
88,547
2,891,352
InterContinental Hotels Group PLC
 
3,073
382,782
Intertek Group PLC
 
6,409
384,173
J Sainsbury PLC
 
36,648
121,671
National Grid PLC
 
129,757
1,637,073
Next PLC
 
5,337
683,787
Pearson PLC
 
20,807
326,088
Reckitt Benckiser Group PLC
 
8,016
495,173
RELX PLC
 
267,505
12,597,463
Rightmove PLC
 
23,616
193,611
Shell PLC
 
17,620
566,953
 
Shares
Value
United Kingdom-(continued)
Smiths Group PLC
 
5,735
$129,097
SSE PLC
 
35,185
792,249
Tesco PLC
 
504,626
2,350,109
Unilever PLC
 
173,204
10,349,304
United Utilities Group PLC
 
13,593
193,420
 
 
70,194,022
United States-5.49%
Alcon AG
 
4,724
420,280
Amcor PLC, CDI
 
33,191
356,984
CRH PLC
 
38,925
3,988,728
Experian PLC
 
50,934
2,428,387
Ferrovial SE
 
4,089
168,520
GSK PLC
 
117,493
1,993,684
Holcim AG(b)
 
34,858
3,550,689
Oracle Corp.
 
1,576
160,764
Roche Holding AG
 
22,528
6,533,376
Roche Holding AG, BR
 
1,152
354,099
Sanofi S.A.
 
38,340
3,729,159
Smurfit WestRock PLC
 
3,949
217,038
Waste Connections, Inc.
 
14,956
2,899,230
 
 
26,800,938
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.81%
(Cost $498,124,675)
486,842,825
Investments Purchased with Cash Collateral from Securities
on Loan
Money Market Funds-3.15%
Invesco Private Government Fund,
4.63%(d)(e)(f)
 
4,303,202
4,303,202
Invesco Private Prime Fund, 4.71%(d)(e)(f)
 
11,053,619
11,056,935
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $15,360,137)
15,360,137
TOTAL INVESTMENTS IN SECURITIES-102.96%
(Cost $513,484,812)
502,202,962
OTHER ASSETS LESS LIABILITIES-(2.96)%
(14,456,579
)
NET ASSETS-100.00%
$487,746,383
See accompanying notes which are an integral part of this schedule.
Invesco International Developed Dynamic Multifactor ETF (IMFL)—(continued)
November 30, 2024
(Unaudited)
Investment Abbreviations:
BR-Bearer Shares
CDI-CREST Depository Interest
PC-Participation Certificate
Pfd.-Preferred
 
Notes to Schedule of Investments:
(a)
All or a portion of this security was out on loan at November 30, 2024.
(b)
Non-income producing security.
(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, 2024 was $3,656,451, which represented less than 1% of the Fund’s Net Assets.
(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
$-
$7,431,199
$(7,431,199
)
$-
$-
$-
$2,548
Investments Purchased with
Cash Collateral from
Securities on Loan:
Invesco Private Government
Fund
570,928
5,416,109
(1,683,835
)
-
-
4,303,202
14,285
*
Invesco Private Prime Fund
1,489,084
13,695,861
(4,127,833
)
(83
)
(94
)
11,056,935
37,657
*
Total
$2,060,012
$26,543,169
$(13,242,867
)
$(83
)
$(94
)
$15,360,137
$54,490
 
*
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 Russell 1000® Dynamic Multifactor ETF (OMFL)
November 30, 2024
(Unaudited)
 
 
Shares
Value
Common Stocks & Other Equity Interests-100.02%
Communication Services-10.63%
Alphabet, Inc., Class A
 
708,327
$119,671,847
Alphabet, Inc., Class C
 
628,666
107,181,266
AT&T, Inc.
 
269,846
6,249,633
Comcast Corp., Class A
 
98,668
4,261,471
Electronic Arts, Inc.
 
15,644
2,560,453
Liberty Broadband Corp.(b)(c)
 
64,295
0
Meta Platforms, Inc., Class A
 
454,002
260,742,429
Netflix, Inc.(b)
 
24,779
21,974,265
New York Times Co. (The), Class A
 
32,184
1,746,304
Spotify Technology S.A. (Sweden)(b)
 
6,405
3,054,929
T-Mobile US, Inc.
 
73,246
18,087,367
Verizon Communications, Inc.
 
336,503
14,920,543
Walt Disney Co. (The)
 
25,468
2,991,726
 
 
563,442,233
Consumer Discretionary-11.18%
Amazon.com, Inc.(b)
 
1,277,739
265,629,161
AutoZone, Inc.(b)
 
2,235
7,083,922
Booking Holdings, Inc.
 
14,218
73,961,752
Chipotle Mexican Grill, Inc.(b)
 
475,740
29,267,525
D.R. Horton, Inc.
 
41,984
7,086,059
Deckers Outdoor Corp.(b)
 
11,582
2,269,609
Domino’s Pizza, Inc.
 
5,615
2,673,807
eBay, Inc.
 
36,230
2,292,997
Garmin Ltd.
 
81,596
17,347,310
Gentex Corp.(d)
 
78,734
2,406,111
Grand Canyon Education, Inc.(b)(d)
 
13,004
2,140,328
H&R Block, Inc.(d)
 
53,179
3,152,451
Hilton Worldwide Holdings, Inc.
 
43,603
11,050,744
Home Depot, Inc. (The)
 
163,045
69,967,501
Lennar Corp., Class A
 
31,323
5,462,418
Lowe’s Cos., Inc.
 
14,458
3,938,793
Marriott International, Inc., Class A
 
18,274
5,282,831
McDonald’s Corp.
 
14,316
4,237,679
NIKE, Inc., Class B
 
23,858
1,879,295
NVR, Inc.(b)
 
628
5,799,944
O’Reilly Automotive, Inc.(b)
 
7,294
9,068,047
PulteGroup, Inc.
 
33,761
4,566,850
Ross Stores, Inc.
 
30,829
4,774,487
Texas Roadhouse, Inc.
 
11,792
2,420,544
TJX Cos., Inc. (The)
 
298,947
37,574,648
Tractor Supply Co.(d)
 
34,430
9,766,758
Williams-Sonoma, Inc.(d)
 
8,560
1,472,491
 
 
592,574,062
Consumer Staples-11.36%
Altria Group, Inc.
 
291,061
16,805,862
Archer-Daniels-Midland Co.
 
42,243
2,306,468
BellRing Brands, Inc.(b)
 
55,626
4,364,416
BJ’s Wholesale Club Holdings, Inc.(b)(d)
 
18,369
1,768,935
Casey’s General Stores, Inc.
 
23,857
10,041,173
Church & Dwight Co., Inc.
 
33,401
3,678,452
Coca-Cola Co. (The)
 
176,546
11,313,068
Colgate-Palmolive Co.
 
270,974
26,184,217
Costco Wholesale Corp.
 
282,003
274,073,076
Dollar Tree, Inc.(b)(d)
 
16,240
1,157,425
Kimberly-Clark Corp.
 
16,988
2,367,278
Kroger Co. (The)
 
55,890
3,413,761
Mondelez International, Inc., Class A
 
33,108
2,150,364
PepsiCo, Inc.
 
46,936
7,671,689
Philip Morris International, Inc.
 
148,013
19,694,610
 
Shares
Value
Consumer Staples-(continued)
Procter & Gamble Co. (The)
 
369,754
$66,282,102
Walmart, Inc.
 
1,607,873
148,728,252
 
 
602,001,148
Energy-0.98%
Chevron Corp.
 
48,875
7,914,329
ConocoPhillips
 
20,861
2,260,081
Exxon Mobil Corp.
 
335,846
39,616,394
Williams Cos., Inc. (The)
 
37,645
2,202,985
 
 
51,993,789
Financials-15.48%
Aflac, Inc.
 
23,857
2,719,698
American Express Co.
 
47,536
14,483,269
Aon PLC, Class A
 
4,772
1,868,429
Arch Capital Group Ltd.(b)
 
147,917
14,898,200
Berkshire Hathaway, Inc., Class B(b)
 
584,354
282,254,669
BlackRock, Inc.
 
6,735
6,888,558
Blackstone, Inc., Class A
 
25,049
4,786,613
Brown & Brown, Inc.
 
56,231
6,359,726
Cboe Global Markets, Inc.
 
57,168
12,339,713
Chubb Ltd.
 
42,944
12,399,221
Cincinnati Financial Corp.
 
14,628
2,337,993
Corpay, Inc.(b)
 
4,771
1,818,610
Evercore, Inc., Class A
 
7,287
2,243,667
Everest Group Ltd.
 
4,644
1,799,829
FactSet Research Systems, Inc.
 
7,071
3,469,528
Fidelity National Information Services, Inc.
 
29,277
2,497,328
Fiserv, Inc.(b)
 
57,889
12,791,153
Houlihan Lokey, Inc.
 
32,844
6,210,472
JPMorgan Chase & Co.
 
36,500
9,114,780
Kinsale Capital Group, Inc.
 
5,524
2,808,623
LPL Financial Holdings, Inc.
 
10,923
3,551,613
Markel Group, Inc.(b)(d)
 
1,145
2,041,443
Marsh & McLennan Cos., Inc.
 
128,831
30,047,254
Mastercard, Inc., Class A
 
237,856
126,762,977
Moody’s Corp.
 
45,252
22,625,095
MSCI, Inc.
 
5,447
3,320,655
PayPal Holdings, Inc.(b)
 
31,244
2,711,042
Progressive Corp. (The)
 
150,105
40,360,232
S&P Global, Inc.
 
12,669
6,619,679
SEI Investments Co.
 
22,374
1,848,764
T. Rowe Price Group, Inc.
 
12,320
1,525,709
Tradeweb Markets, Inc., Class A
 
31,370
4,250,635
Visa, Inc., Class A
 
542,873
171,048,425
 
 
820,803,602
Health Care-10.18%
Abbott Laboratories
 
38,403
4,561,124
AbbVie, Inc.
 
388,339
71,038,853
Agilent Technologies, Inc.
 
62,030
8,558,279
Amgen, Inc.
 
44,739
12,655,321
Boston Scientific Corp.(b)
 
119,859
10,866,417
Cardinal Health, Inc.
 
52,487
6,416,011
Cencora, Inc.
 
30,268
7,613,915
Centene Corp.(b)
 
57,402
3,444,120
Cigna Group (The)
 
23,256
7,855,877
CVS Health Corp.
 
34,628
2,072,486
Danaher Corp.
 
28,760
6,893,484
Elevance Health, Inc.
 
31,866
12,968,187
Eli Lilly and Co.
 
145,329
115,587,420
GE HealthCare Technologies, Inc.
 
37,970
3,159,863
Humana, Inc.
 
11,855
3,513,585
See accompanying notes which are an integral part of this schedule.
Invesco Russell 1000® Dynamic Multifactor ETF (OMFL)—(continued)
November 30, 2024
(Unaudited)
 
Shares
Value
Health Care-(continued)
IDEXX Laboratories, Inc.(b)
 
3,924
$1,654,947
Intuitive Surgical, Inc.(b)
 
36,582
19,827,444
Johnson & Johnson
 
100,200
15,532,002
McKesson Corp.
 
78,951
49,620,704
Medpace Holdings, Inc.(b)(d)
 
4,194
1,428,602
Medtronic PLC
 
21,957
1,900,159
Merck & Co., Inc.
 
357,863
36,373,195
Mettler-Toledo International, Inc.(b)
 
1,152
1,441,382
Neurocrine Biosciences, Inc.(b)
 
17,197
2,179,720
Regeneron Pharmaceuticals, Inc.(b)
 
32,345
24,265,866
Stryker Corp.
 
20,021
7,851,235
Thermo Fisher Scientific, Inc.
 
10,095
5,346,615
United Therapeutics Corp.(b)
 
6,193
2,294,445
UnitedHealth Group, Inc.
 
97,923
59,752,615
Vertex Pharmaceuticals, Inc.(b)
 
62,811
29,403,714
West Pharmaceutical Services, Inc.
 
7,401
2,410,358
Zoetis, Inc.
 
8,417
1,475,079
 
 
539,963,024
Industrials-11.53%
3M Co.
 
60,572
8,088,179
A.O. Smith Corp.
 
29,975
2,232,838
AAON, Inc.
 
26,767
3,649,413
Acuity Brands, Inc.
 
7,703
2,470,275
Allison Transmission Holdings, Inc.
 
27,149
3,217,157
Amentum Holdings, Inc.(b)
 
15,992
389,405
AMETEK, Inc.
 
10,411
2,023,690
Armstrong World Industries, Inc.
 
12,139
1,940,176
Automatic Data Processing, Inc.
 
43,102
13,229,297
Booz Allen Hamilton Holding Corp.
 
23,498
3,481,934
Broadridge Financial Solutions, Inc.
 
33,401
7,883,304
Carlisle Cos., Inc.
 
13,310
6,078,677
Carrier Global Corp.
 
126,168
9,761,618
Caterpillar, Inc.
 
128,870
52,335,396
Cintas Corp.
 
120,425
27,190,761
Comfort Systems USA, Inc.(d)
 
8,601
4,242,615
Copart, Inc.(b)
 
135,669
8,600,058
Core & Main, Inc., Class A(b)
 
99,363
4,824,074
Crane Co.
 
23,859
4,344,247
CSX Corp.
 
44,806
1,637,659
Cummins, Inc.
 
41,277
15,480,526
Curtiss-Wright Corp.
 
10,592
3,957,489
Deere & Co.
 
5,723
2,666,346
Donaldson Co., Inc.
 
21,669
1,691,265
Dover Corp.
 
10,346
2,130,241
Eaton Corp. PLC
 
119,288
44,783,101
EMCOR Group, Inc.
 
23,186
11,827,642
Fastenal Co.
 
138,543
11,576,653
FedEx Corp.
 
8,247
2,496,120
Ferguson Enterprises, Inc.
 
142,279
30,722,305
GE Vernova, Inc.(b)
 
22,918
7,657,362
General Dynamics Corp.
 
63,512
18,038,043
General Electric Co.
 
195,632
35,636,325
Honeywell International, Inc.
 
18,935
4,410,530
Howmet Aerospace, Inc.
 
33,401
3,954,010
Illinois Tool Works, Inc.
 
21,950
6,091,564
Ingersoll Rand, Inc.
 
87,446
9,109,250
ITT, Inc.
 
36,905
5,761,609
Jacobs Solutions, Inc.
 
15,992
2,258,550
Johnson Controls International PLC
 
34,969
2,932,500
Leidos Holdings, Inc.
 
23,642
3,910,387
Lennox International, Inc.(d)
 
8,641
5,764,670
Lincoln Electric Holdings, Inc.(d)
 
7,343
1,604,299
 
Shares
Value
Industrials-(continued)
Lockheed Martin Corp.
 
10,663
$5,645,099
Masco Corp.
 
29,363
2,365,483
Old Dominion Freight Line, Inc.
 
42,945
9,668,637
Otis Worldwide Corp.
 
34,675
3,570,832
Owens Corning
 
16,053
3,300,818
PACCAR, Inc.
 
167,002
19,539,234
Paychex, Inc.
 
95,284
13,937,191
Pentair PLC
 
18,104
1,973,155
Quanta Services, Inc.
 
19,883
6,850,091
Republic Services, Inc.
 
50,191
10,956,695
Rockwell Automation, Inc.
 
7,390
2,181,085
Rollins, Inc.
 
119,728
6,025,910
RTX Corp.
 
71,572
8,719,617
Simpson Manufacturing Co., Inc.
 
13,445
2,533,038
Snap-on, Inc.
 
11,512
4,255,871
Trane Technologies PLC
 
95,883
39,908,422
Union Pacific Corp.
 
22,982
5,622,776
United Rentals, Inc.
 
4,153
3,596,498
Verisk Analytics, Inc.
 
23,857
7,018,968
W.W. Grainger, Inc.
 
17,801
21,456,257
Wabtec Corp.
 
27,536
5,524,272
Waste Management, Inc.
 
84,601
19,307,640
Watsco, Inc.(d)
 
9,273
5,114,987
 
 
611,154,136
Information Technology-25.84%
Accenture PLC, Class A (Ireland)
 
46,988
17,027,042
Adobe, Inc.(b)
 
64,661
33,360,550
Advanced Micro Devices, Inc.(b)
 
16,369
2,245,418
Amphenol Corp., Class A
 
233,408
16,957,091
Analog Devices, Inc.
 
39,477
8,607,960
Apple, Inc.
 
834,886
198,143,494
Applied Materials, Inc.
 
180,587
31,550,355
Arista Networks, Inc.(b)
 
81,114
32,917,683
Broadcom, Inc.
 
1,064,045
172,460,414
Cadence Design Systems, Inc.(b)
 
45,669
14,011,706
Cisco Systems, Inc.
 
236,819
14,022,053
Cognizant Technology Solutions Corp.,
Class A
 
23,858
1,920,330
Fair Isaac Corp.(b)
 
4,769
11,326,518
Fortinet, Inc.(b)
 
88,161
8,379,703
Gartner, Inc.(b)
 
5,833
3,021,086
GoDaddy, Inc., Class A(b)
 
14,826
2,929,173
International Business Machines Corp.
 
57,676
13,116,099
Intuit, Inc.
 
95,414
61,230,026
Keysight Technologies, Inc.(b)
 
23,856
4,075,559
KLA Corp.
 
34,595
22,384,003
Lam Research Corp.
 
245,162
18,112,568
Microsoft Corp.
 
539,888
228,620,972
Monolithic Power Systems, Inc.
 
3,405
1,932,814
Motorola Solutions, Inc.
 
58,422
29,193,473
NetApp, Inc.
 
28,245
3,463,967
NVIDIA Corp.
 
1,907,297
263,683,810
Palo Alto Networks, Inc.(b)
 
14,318
5,552,807
QUALCOMM, Inc.
 
278,028
44,075,779
Salesforce, Inc.
 
157,828
52,081,662
ServiceNow, Inc.(b)
 
21,759
22,834,765
Synopsys, Inc.(b)
 
41,857
23,376,716
Texas Instruments, Inc.
 
35,758
7,188,431
 
 
1,369,804,027
Materials-1.97%
Air Products and Chemicals, Inc.
 
5,861
1,959,508
See accompanying notes which are an integral part of this schedule.
Invesco Russell 1000® Dynamic Multifactor ETF (OMFL)—(continued)
November 30, 2024
(Unaudited)
 
Shares
Value
Materials-(continued)
AptarGroup, Inc.
 
11,924
$2,062,375
Ardagh Group S.A., Class A(b)(c)
 
16,236
68,475
CRH PLC
 
163,874
16,759,394
DuPont de Nemours, Inc.
 
33,554
2,804,779
Eagle Materials, Inc.
 
9,819
3,033,285
Ecolab, Inc.
 
23,857
5,934,906
International Flavors & Fragrances, Inc.
 
27,239
2,488,555
Linde PLC
 
66,550
30,678,884
Martin Marietta Materials, Inc.
 
9,290
5,574,000
NewMarket Corp.
 
3,123
1,666,308
Nucor Corp.
 
13,655
2,112,292
Packaging Corp. of America
 
13,889
3,456,278
RPM International, Inc.
 
16,688
2,315,961
Sherwin-Williams Co. (The)
 
42,944
17,065,946
Southern Copper Corp. (Mexico)(d)
 
30,560
3,066,696
Vulcan Materials Co.
 
12,758
3,675,962
 
 
104,723,604
Real Estate-0.09%
Public Storage
 
13,136
4,571,985
Utilities-0.78%
American Electric Power Co., Inc.
 
21,773
2,174,252
Duke Energy Corp.
 
52,407
6,134,239
NextEra Energy, Inc.
 
84,150
6,620,081
NRG Energy, Inc.
 
33,401
3,393,876
Public Service Enterprise Group, Inc.
 
51,441
4,850,886
 
Shares
Value
Utilities-(continued)
Sempra
 
19,332
$1,810,828
Southern Co. (The)
 
46,311
4,127,699
Vistra Corp.
 
75,715
12,102,286
 
 
41,214,147
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-100.02%
(Cost $4,931,836,143)
5,302,245,757
Investments Purchased with Cash Collateral from Securities
on Loan
Money Market Funds-0.45%
Invesco Private Government Fund,
4.63%(e)(f)(g)
 
6,779,848
6,779,848
Invesco Private Prime Fund, 4.71%(e)(f)(g)
 
17,411,044
17,416,267
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $24,196,115)
24,196,115
TOTAL INVESTMENTS IN SECURITIES-100.47%
(Cost $4,956,032,258)
5,326,441,872
OTHER ASSETS LESS LIABILITIES-(0.47)%
(25,138,015
)
NET ASSETS-100.00%
$5,301,303,857
 
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)
Security valued using significant unobservable inputs (Level 3). See Note 1.
(d)
All or a portion of this security was out on loan at November 30, 2024.
(e)
Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the three months ended November 30, 2024.
 
 
Value
August 31, 2024
Purchases
at Cost
Proceeds
from Sales
Change in
Unrealized
Appreciation
(Depreciation)
Realized
Gain
(Loss)
Value
November 30, 2024
Dividend
Income
Investments in Affiliated
Money Market Funds:
Invesco Government &
Agency Portfolio,
Institutional Class
$2,893,789
$18,227,699
$(21,121,488
)
$-
$-
$-
$17,857
Investments Purchased
with Cash Collateral from
Securities on Loan:
Invesco Private
Government Fund
14,826,081
91,605,708
(99,651,941
)
-
-
6,779,848
163,377
*
Invesco Private Prime Fund
39,995,309
173,226,892
(195,802,219
)
(2,485
)
(1,230
)
17,416,267
451,334
*
Total
$57,715,179
$283,060,299
$(316,575,648
)
$(2,485
)
$(1,230
)
$24,196,115
$632,568
 
*
Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from
borrowers, if any.
 
(f)
The rate shown is the 7-day SEC standardized yield as of November 30, 2024.
(g)
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.  
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments(a)
Invesco Russell 2000® Dynamic Multifactor ETF (OMFS)
November 30, 2024
(Unaudited)
 
 
Shares
Value
Common Stocks & Other Equity Interests-99.88%
Communication Services-0.69%
Advantage Solutions, Inc.(b)(c)
 
27,125
$96,565
Grindr, Inc. (Singapore), (Acquired
07/05/2024; Cost $66,434)(b)(c)(d)
 
5,547
83,704
John Wiley & Sons, Inc., Class A
 
5,668
295,756
Lions Gate Entertainment Corp., Class B(b)(c)
 
6,909
50,919
Madison Square Garden Entertainment
Corp.(b)
 
5,252
194,272
PubMatic, Inc., Class A(b)(c)
 
2,240
35,728
QuinStreet, Inc.(b)
 
11,032
251,309
Scholastic Corp.
 
2,593
68,404
Spok Holdings, Inc.
 
5,500
90,255
TEGNA, Inc.
 
8,478
159,132
Telephone and Data Systems, Inc.
 
4,020
137,404
Thryv Holdings, Inc.(b)
 
2,532
40,056
Yelp, Inc.(b)
 
7,724
295,211
Ziff Davis, Inc.(b)(c)
 
925
54,436
 
 
1,853,151
Consumer Discretionary-7.56%
Abercrombie & Fitch Co., Class A(b)
 
11,425
1,710,208
Academy Sports & Outdoors, Inc.(c)
 
9,727
479,055
Accel Entertainment, Inc.(b)
 
7,004
80,966
Acushnet Holdings Corp.
 
9,944
727,006
Adtalem Global Education, Inc.(b)
 
10,030
916,842
American Eagle Outfitters, Inc.
 
44,469
855,584
Arhaus, Inc.(c)
 
2,836
28,162
Boot Barn Holdings, Inc.(b)(c)
 
2,768
379,604
Brinker International, Inc.(b)
 
1,327
175,522
Buckle, Inc. (The)
 
4,833
251,751
Cavco Industries, Inc.(b)
 
836
430,122
Cheesecake Factory, Inc. (The)(c)
 
4,655
235,729
Despegar.com Corp. (Argentina)(b)(c)
 
9,437
168,828
Dorman Products, Inc.(b)
 
3,701
518,066
Dream Finders Homes, Inc., Class A(b)(c)
 
2,029
67,505
Ethan Allen Interiors, Inc.
 
2,843
87,365
First Watch Restaurant Group, Inc.(b)(c)
 
6,178
117,938
Foot Locker, Inc.
 
8,616
216,692
Frontdoor, Inc.(b)
 
9,012
528,103
Gentherm, Inc.(b)
 
924
38,900
Goodyear Tire & Rubber Co. (The)(b)
 
6,570
70,562
Graham Holdings Co., Class B
 
573
533,532
Green Brick Partners, Inc.(b)
 
1,277
91,254
Group 1 Automotive, Inc.(c)
 
273
116,243
Hanesbrands, Inc.(b)
 
17,147
149,179
Helen of Troy Ltd.(b)
 
1,696
124,368
Hilton Grand Vacations, Inc.(b)
 
1,209
51,250
Installed Building Products, Inc.
 
2,527
578,026
KB Home
 
6,602
546,250
Kontoor Brands, Inc.
 
13,932
1,278,679
Laureate Education, Inc., Class A
 
44,894
852,986
La-Z-Boy, Inc.
 
12,424
562,435
Lincoln Educational Services Corp.(b)
 
4,352
71,503
M/I Homes, Inc.(b)
 
722
119,152
Meritage Homes Corp.
 
1,592
304,183
Modine Manufacturing Co.(b)
 
1,034
140,407
OneSpaWorld Holdings Ltd. (Bahamas)
 
8,821
167,511
Oxford Industries, Inc.(c)
 
2,435
202,519
Perdoceo Education Corp.
 
19,354
531,267
Revelyst, Inc.(b)
 
6,578
124,324
Rush Street Interactive, Inc.(b)
 
13,069
188,455
Shake Shack, Inc., Class A(b)
 
2,715
363,077
Shoe Carnival, Inc.(c)
 
2,332
78,728
 
Shares
Value
Consumer Discretionary-(continued)
Signet Jewelers Ltd.(c)
 
3,872
$387,974
Sonos, Inc.(b)(c)
 
3,073
41,824
Standard Motor Products, Inc.
 
1,701
55,929
Steven Madden Ltd.
 
7,727
352,197
Strategic Education, Inc.
 
6,798
671,710
Stride, Inc.(b)(c)
 
7,058
754,289
Sturm, Ruger & Co., Inc.
 
1,789
68,143
Superior Group of Cos., Inc.
 
2,610
44,187
Sweetgreen, Inc., Class A(b)(c)
 
2,877
117,899
Taylor Morrison Home Corp., Class A(b)
 
2,620
193,539
Tri Pointe Homes, Inc.(b)
 
2,023
88,061
Universal Technical Institute, Inc.(b)
 
9,673
250,241
Urban Outfitters, Inc.(b)
 
13,717
668,429
Victoria’s Secret & Co.(b)
 
4,078
158,390
Visteon Corp.(b)
 
482
45,004
Warby Parker, Inc., Class A(b)(c)
 
15,543
350,339
Winmark Corp.
 
762
313,887
Wolverine World Wide, Inc.
 
3,805
88,238
Worthington Enterprises, Inc.
 
10,930
447,256
Zumiez, Inc.(b)
 
2,667
58,861
 
 
20,416,235
Consumer Staples-5.91%
Andersons, Inc. (The)
 
7,624
363,970
Cal-Maine Foods, Inc.
 
25,478
2,486,908
Central Garden & Pet Co.(b)(c)
 
1,805
71,749
Central Garden & Pet Co., Class A(b)
 
8,740
295,325
Edgewell Personal Care Co.
 
1,653
60,467
Energizer Holdings, Inc.
 
2,165
82,508
Fresh Del Monte Produce, Inc.
 
2,877
97,099
Inter Parfums, Inc.(c)
 
1,235
170,010
J&J Snack Foods Corp.(c)
 
1,730
300,657
John B. Sanfilippo & Son, Inc.
 
764
65,971
Lancaster Colony Corp.
 
5,140
955,218
Natural Grocers by Vitamin Cottage, Inc.
 
2,389
112,402
Nature’s Sunshine Products, Inc.(b)
 
3,103
50,393
Oil-Dri Corp.of America
 
2,666
184,274
PriceSmart, Inc.
 
6,495
582,861
Simply Good Foods Co. (The)(b)
 
6,549
260,585
Sprouts Farmers Market, Inc.(b)
 
53,567
8,275,030
Turning Point Brands, Inc.
 
1,608
99,535
Universal Corp.
 
1,545
88,250
Utz Brands, Inc.(c)
 
5,098
88,756
Village Super Market, Inc., Class A(c)
 
4,066
131,616
Vital Farms, Inc.(b)(c)
 
16,641
552,481
WD-40 Co.(c)
 
1,643
455,259
Weis Markets, Inc.(c)
 
1,651
120,242
 
 
15,951,566
Energy-2.28%
Archrock, Inc.
 
14,898
381,687
Ardmore Shipping Corp. (Ireland)
 
9,243
103,152
Atlas Energy Solutions, Inc.(c)
 
4,924
116,059
ChampionX Corp.
 
3,730
115,444
CONSOL Energy, Inc.
 
2,162
282,573
DHT Holdings, Inc.
 
48,743
459,159
Dorian LPG Ltd.
 
16,053
392,817
Expro Group Holdings N.V.(b)(c)
 
3,671
50,990
Golar LNG Ltd. (Cameroon)
 
2,833
111,535
Helmerich & Payne, Inc.
 
7,179
248,609
International Seaways, Inc.
 
17,656
688,584
Liberty Energy, Inc., Class A
 
5,246
96,526
Magnolia Oil & Gas Corp., Class A(c)
 
4,624
128,270
See accompanying notes which are an integral part of this schedule.
Invesco Russell 2000® Dynamic Multifactor ETF (OMFS)—(continued)
November 30, 2024
(Unaudited)
 
Shares
Value
Energy-(continued)
Murphy Oil Corp.
 
4,307
$139,848
Noble Corp. PLC(c)
 
35,831
1,199,264
Scorpio Tankers, Inc. (Monaco)
 
8,243
417,590
Seadrill Ltd. (Norway)(b)
 
2,783
113,101
Select Water Solutions, Inc., Class A
 
5,253
77,587
SFL Corp. Ltd. (Norway)
 
24,172
254,289
Sitio Royalties Corp., Class A
 
2,535
60,080
Teekay Corp. Ltd. (Bermuda)(b)
 
13,626
100,560
Teekay Tankers Ltd., Class A (Canada)(b)
 
6,204
249,711
Tidewater, Inc.(b)(c)
 
2,163
111,870
VAALCO Energy, Inc.(c)
 
13,288
68,035
Valaris Ltd.(b)(c)
 
3,912
180,695
 
 
6,148,035
Financials-26.36%
1st Source Corp.
 
2,948
191,296
Amalgamated Financial Corp.
 
4,078
145,299
Amerant Bancorp, Inc.
 
3,267
81,250
Ameris Bancorp
 
13,792
969,302
AMERISAFE, Inc.
 
1,958
115,561
Apollo Commercial Real Estate Finance,
Inc.(c)
 
12,181
112,674
Arbor Realty Trust, Inc.(c)
 
10,963
160,827
Arrow Financial Corp.
 
2,590
85,418
Artisan Partners Asset Management, Inc.,
Class A(c)
 
16,844
821,819
Associated Banc-Corp
 
28,969
773,183
Atlantic Union Bankshares Corp.(c)
 
12,639
536,273
AvidXchange Holdings, Inc.(b)
 
6,923
79,199
Axos Financial, Inc.(b)
 
11,223
929,826
Baldwin Insurance Group, Inc. (The),
Class A(b)
 
3,024
148,055
BancFirst Corp.
 
1,114
140,676
Banco Latinoamericano de Comercio Exterior
S.A., Class E (Panama)
 
7,245
246,837
Bancorp, Inc. (The)(b)
 
1,596
93,254
Bank First Corp.
 
747
79,832
Bank of Hawaii Corp.
 
6,454
509,737
Bank of N.T. Butterfield & Son Ltd. (The)
(Bermuda)
 
9,176
348,046
BankUnited, Inc.
 
10,362
435,929
Banner Corp.
 
2,781
207,435
Berkshire Hills Bancorp, Inc.
 
2,784
84,856
BGC Group, Inc., Class A
 
62,282
606,627
Blackstone Mortgage Trust, Inc., Class A
 
13,753
264,333
Bread Financial Holdings, Inc.
 
1,709
100,540
Brookline Bancorp, Inc.
 
8,492
106,914
Business First Bancshares, Inc.
 
2,490
70,965
Byline Bancorp, Inc.(c)
 
4,634
145,600
Cadence Bank(c)
 
44,770
1,709,766
Cathay General Bancorp
 
8,782
456,752
Central Pacific Financial Corp.
 
4,986
159,153
Chicago Atlantic Real Estate Finance, Inc.(c)
 
4,024
64,827
City Holding Co.(c)
 
1,920
252,134
CNO Financial Group, Inc.
 
18,603
742,260
Cohen & Steers, Inc.(c)
 
7,178
751,249
Community Financial System, Inc.
 
2,961
204,990
Community Trust Bancorp, Inc.
 
2,735
161,310
Compass Diversified Holdings
 
4,460
105,702
ConnectOne Bancorp, Inc.
 
4,637
127,518
CrossFirst Bankshares, Inc.(b)
 
5,457
94,461
Customers Bancorp, Inc.(b)
 
3,399
191,874
CVB Financial Corp.(c)
 
21,551
504,724
 
Shares
Value
Financials-(continued)
DigitalBridge Group, Inc.
 
10,815
$141,677
Dime Community Bancshares, Inc.
 
3,985
142,982
Donnelley Financial Solutions, Inc.(b)
 
4,638
279,440
Dynex Capital, Inc.
 
6,486
81,399
Eastern Bankshares, Inc.
 
16,376
305,249
Employers Holdings, Inc.
 
4,540
242,254
Enact Holdings, Inc.
 
11,458
403,436
Enova International, Inc.(b)
 
1,635
172,509
Enstar Group Ltd.(b)
 
2,327
755,577
Enterprise Financial Services Corp.
 
2,477
150,081
Equity Bancshares, Inc., Class A(c)
 
2,163
103,802
Essent Group Ltd.
 
25,344
1,464,376
EVERTEC, Inc.
 
1,549
55,764
F&G Annuities & Life, Inc.(c)
 
3,892
188,100
FB Financial Corp.
 
6,488
366,248
Federal Agricultural Mortgage Corp.,
Class C(c)
 
1,669
356,281
First Bancorp
 
39,449
815,805
First Bancorp/Southern Pines NC
 
2,162
102,263
First Busey Corp.
 
8,191
218,618
First Commonwealth Financial Corp.
 
9,057
170,543
First Community Bankshares, Inc.
 
2,845
131,354
First Financial Bancorp
 
10,048
296,717
First Financial Bankshares, Inc.
 
11,785
491,199
First Financial Corp.
 
1,735
84,737
First Interstate BancSystem, Inc., Class A
 
9,736
340,468
First Merchants Corp.
 
10,991
480,856
First Mid Bancshares, Inc.
 
5,255
220,763
FirstCash Holdings, Inc.
 
13,086
1,424,542
Flagstar Financial, Inc.(c)
 
5,871
70,276
Franklin BSP Realty Trust, Inc.(c)
 
7,208
94,281
Fulton Financial Corp.
 
39,834
859,618
GCM Grosvenor, Inc., Class A
 
13,286
164,879
Genworth Financial, Inc., Class A(b)
 
45,920
358,176
German American Bancorp, Inc.(c)
 
4,636
208,527
Glacier Bancorp, Inc.
 
13,428
777,347
Goosehead Insurance, Inc., Class A(b)(c)
 
1,965
247,826
Greenlight Capital Re Ltd., Class A(b)
 
8,321
124,233
HA Sustainable Infrastructure Capital, Inc.(c)
 
20,081
629,740
Hamilton Lane, Inc., Class A
 
17,846
3,433,570
Hancock Whitney Corp.
 
8,794
522,188
HarborOne Bancorp, Inc.
 
6,145
79,148
HCI Group, Inc.(c)
 
2,369
288,710
Heartland Financial USA, Inc.
 
8,983
606,981
Heritage Financial Corp.
 
3,476
91,940
Hilltop Holdings, Inc.
 
3,455
109,351
Home BancShares, Inc.
 
18,701
593,944
HomeTrust Bancshares, Inc.
 
2,831
105,002
Hope Bancorp, Inc.
 
23,220
316,256
Horace Mann Educators Corp.
 
7,183
300,752
Horizon Bancorp, Inc.
 
4,237
77,495
Independent Bank Corp.
 
4,572
330,967
Independent Bank Corp.
 
4,916
184,989
Independent Bank Group, Inc.
 
3,257
217,958
International Bancshares Corp.
 
12,244
895,404
International Money Express, Inc.(b)
 
2,974
62,662
Investors Title Co.
 
308
88,245
Jackson Financial, Inc., Class A
 
16,664
1,669,566
Ladder Capital Corp.
 
10,993
130,377
Lakeland Financial Corp.(c)
 
3,590
263,721
Live Oak Bancshares, Inc.
 
4,384
207,802
Mercantile Bank Corp.
 
3,351
167,718
See accompanying notes which are an integral part of this schedule.
Invesco Russell 2000® Dynamic Multifactor ETF (OMFS)—(continued)
November 30, 2024
(Unaudited)
 
Shares
Value
Financials-(continued)
Merchants Bancorp(c)
 
4,918
$203,015
Mercury General Corp.
 
8,937
705,666
MetroCity Bankshares, Inc.
 
4,711
161,776
Midland States Bancorp, Inc.
 
2,786
74,804
Moelis & Co., Class A
 
6,677
513,995
Mr. Cooper Group, Inc.(b)
 
19,641
1,937,977
National Bank Holdings Corp., Class A
 
5,649
269,683
NBT Bancorp, Inc.
 
5,784
289,894
NCR Atleos Corp.(b)
 
5,166
169,496
Nelnet, Inc., Class A
 
1,374
149,656
Nicolet Bankshares, Inc.
 
1,547
172,336
NMI Holdings, Inc., Class A(b)
 
20,046
801,640
Northeast Bank
 
1,140
112,233
Northrim BanCorp, Inc.(c)
 
1,090
92,726
Northwest Bancshares, Inc.
 
12,006
176,248
OceanFirst Financial Corp.
 
3,399
70,291
OFG Bancorp
 
10,713
486,584
Old National Bancorp
 
67,460
1,562,374
Old Second Bancorp, Inc.
 
4,634
86,192
Orange County Bancorp, Inc.
 
1,703
101,567
Origin Bancorp, Inc.
 
2,959
101,671
Orrstown Financial Services, Inc.
 
2,523
99,659
Pacific Premier Bancorp, Inc.
 
10,098
286,783
Pagseguro Digital Ltd., Class A (Brazil)(b)(c)
 
6,138
45,053
Palomar Holdings, Inc.(b)
 
5,030
544,749
Park National Corp.
 
3,625
690,055
Pathward Financial, Inc.
 
2,337
196,028
Patria Investments Ltd., Class A (Cayman
Islands)(c)
 
5,231
62,563
Payoneer Global, Inc.(b)
 
40,480
441,637
PennyMac Financial Services, Inc.
 
3,601
385,775
PennyMac Mortgage Investment Trust(c)
 
4,758
64,661
Peoples Bancorp, Inc.(c)
 
4,633
162,526
Perella Weinberg Partners
 
9,772
250,847
Piper Sandler Cos.
 
5,690
1,951,613
PJT Partners, Inc., Class A
 
7,148
1,196,289
Preferred Bank(c)
 
3,645
343,833
Premier Financial Corp.(c)
 
4,633
128,380
Provident Financial Services, Inc.
 
5,869
123,953
QCR Holdings, Inc.
 
3,608
332,333
Radian Group, Inc.
 
39,666
1,419,646
RBB Bancorp
 
4,360
104,030
Redwood Trust, Inc.
 
7,675
54,953
Renasant Corp.
 
4,762
179,146
Republic Bancorp, Inc., Class A
 
1,545
117,845
S&T Bancorp, Inc.
 
5,456
233,462
Safety Insurance Group, Inc.
 
2,046
175,629
Sandy Spring Bancorp, Inc.
 
2,783
104,863
Seacoast Banking Corp. of Florida
 
7,109
212,986
Selective Insurance Group, Inc.
 
7,412
756,691
ServisFirst Bancshares, Inc.(c)
 
9,182
879,452
Simmons First National Corp., Class A
 
8,605
210,478
SiriusPoint Ltd. (Sweden)(b)
 
21,318
328,724
Skyward Specialty Insurance Group, Inc.(b)
 
13,188
713,603
Southside Bancshares, Inc.
 
2,120
74,454
SouthState Corp.
 
9,489
1,050,337
Stellar Bancorp, Inc.
 
2,401
74,455
StepStone Group, Inc., Class A
 
14,547
958,502
Stewart Information Services Corp.
 
6,432
482,979
Stock Yards Bancorp, Inc.(c)
 
2,165
164,800
StoneX Group, Inc.(b)
 
3,736
387,647
Texas Capital Bancshares, Inc.(b)
 
3,608
319,128
 
Shares
Value
Financials-(continued)
Towne Bank
 
9,498
$347,912
TriCo Bancshares
 
2,784
134,579
Triumph Financial, Inc.(b)(c)
 
2,591
277,470
Trustmark Corp.
 
14,107
551,725
UMB Financial Corp.
 
10,445
1,310,743
United Bankshares, Inc.
 
15,587
658,863
United Community Banks, Inc.
 
8,478
286,641
Univest Financial Corp.
 
4,105
130,375
Valley National Bancorp
 
31,467
334,809
Veritex Holdings, Inc.
 
3,655
111,149
Victory Capital Holdings, Inc., Class A
 
20,352
1,414,057
Virtus Investment Partners, Inc.
 
793
195,847
WaFd, Inc.
 
6,249
228,588
Walker & Dunlop, Inc.
 
5,986
659,537
Washington Trust Bancorp, Inc.
 
1,798
66,778
WesBanco, Inc.
 
6,581
232,573
Westamerica Bancorporation
 
5,871
335,997
WisdomTree, Inc.(c)
 
36,325
434,084
WSFS Financial Corp.
 
8,026
481,721
 
 
71,128,791
Health Care-8.66%
Addus HomeCare Corp.(b)
 
3,812
468,266
ADMA Biologics, Inc.(b)
 
10,815
217,490
Agios Pharmaceuticals, Inc.(b)
 
6,639
394,290
Alkermes PLC(b)
 
7,528
218,463
Amneal Pharmaceuticals, Inc.(b)
 
9,118
75,406
ANI Pharmaceuticals, Inc.(b)(c)
 
3,365
192,579
Anika Therapeutics, Inc.(b)(c)
 
2,103
37,265
Arcellx, Inc.(b)(c)
 
1,020
89,831
Artivion, Inc.(b)
 
4,026
118,848
Astrana Health, Inc.(b)(c)
 
11,989
518,524
Catalyst Pharmaceuticals, Inc.(b)
 
23,223
512,532
Collegium Pharmaceutical, Inc.(b)(c)
 
10,786
328,973
Corcept Therapeutics, Inc.(b)(c)
 
52,674
3,038,236
CorVel Corp.(b)
 
4,850
1,772,190
Dyne Therapeutics, Inc.(b)(c)
 
2,613
79,984
Ensign Group, Inc. (The)
 
20,196
2,952,857
Glaukos Corp.(b)(c)
 
2,161
310,428
Haemonetics Corp.(b)(c)
 
3,533
309,031
Halozyme Therapeutics, Inc.(b)(c)
 
33,735
1,626,027
Harmony Biosciences Holdings, Inc.(b)(c)
 
2,652
91,945
HealthEquity, Inc.(b)
 
10,587
1,075,004
HealthStream, Inc.
 
4,016
132,930
Hims & Hers Health, Inc.(b)(c)
 
19,874
640,340
Inari Medical, Inc.(b)(c)
 
1,241
64,433
Innoviva, Inc.(b)(c)
 
6,171
117,187
Integer Holdings Corp.(b)(c)
 
6,559
921,539
Integra LifeSciences Holdings Corp.(b)
 
2,200
54,076
Ironwood Pharmaceuticals, Inc.(b)
 
30,068
105,839
Krystal Biotech, Inc.(b)(c)
 
1,664
328,507
Lantheus Holdings, Inc.(b)
 
4,018
358,687
LeMaitre Vascular, Inc.
 
5,936
635,093
Ligand Pharmaceuticals, Inc.(b)(c)
 
676
82,114
LivaNova PLC(b)(c)
 
4,835
253,837
MannKind Corp.(b)(c)
 
15,415
104,514
Merit Medical Systems, Inc.(b)
 
5,384
559,398
National HealthCare Corp.
 
9,975
1,248,870
Option Care Health, Inc.(b)(c)
 
12,184
289,979
Prestige Consumer Healthcare, Inc.(b)
 
5,346
453,180
PTC Therapeutics, Inc.(b)(c)
 
3,368
147,788
RadNet, Inc.(b)
 
5,963
487,535
Select Medical Holdings Corp.(c)
 
4,785
101,011
See accompanying notes which are an integral part of this schedule.
Invesco Russell 2000® Dynamic Multifactor ETF (OMFS)—(continued)
November 30, 2024
(Unaudited)
 
Shares
Value
Health Care-(continued)
SIGA Technologies, Inc.(c)
 
20,911
$152,232
Simulations Plus, Inc.(c)
 
1,595
50,673
Supernus Pharmaceuticals, Inc.(b)
 
2,164
79,137
SurModics, Inc.(b)(c)
 
1,443
56,926
Talkspace, Inc.(b)(c)
 
20,556
70,302
TransMedics Group, Inc.(b)(c)
 
930
80,640
Twist Bioscience Corp.(b)
 
2,393
117,688
U.S. Physical Therapy, Inc.
 
469
46,318
UFP Technologies, Inc.(b)(c)
 
2,392
772,425
Vericel Corp.(b)(c)
 
7,269
422,620
 
 
23,363,987
Industrials-24.03%
AAR Corp.(b)
 
1,001
69,590
ABM Industries, Inc.
 
8,163
466,679
AeroVironment, Inc.(b)(c)
 
4,448
865,136
Alamo Group, Inc.
 
1,023
204,549
Albany International Corp., Class A
 
1,049
86,962
Alight, Inc., Class A(b)
 
17,114
136,912
American Woodmark Corp.(b)
 
3,119
283,143
Apogee Enterprises, Inc.
 
7,981
672,080
Applied Industrial Technologies, Inc.
 
12,254
3,366,419
ArcBest Corp.
 
822
94,760
Arcosa, Inc.
 
3,475
377,524
Argan, Inc.
 
6,934
1,081,288
Aris Water Solutions, Inc., Class A
 
3,752
100,929
Astec Industries, Inc.
 
1,570
60,618
Atkore, Inc.
 
842
79,409
Atmus Filtration Technologies, Inc.
 
56,873
2,462,032
AZZ, Inc.
 
15,087
1,405,203
Barnes Group, Inc.
 
3,404
159,443
Barrett Business Services, Inc.
 
6,354
272,650
Beacon Roofing Supply, Inc.(b)
 
6,510
735,760
Blue Bird Corp.(b)(c)
 
5,390
219,103
Boise Cascade Co.
 
1,757
259,333
BrightView Holdings, Inc.(b)(c)
 
5,434
92,921
Brink’s Co. (The)
 
7,983
772,036
Cadre Holdings, Inc.
 
6,996
233,596
CBIZ, Inc.(b)
 
15,525
1,282,054
CECO Environmental Corp.(b)(c)
 
5,588
179,095
Cimpress PLC (Ireland)(b)(c)
 
2,781
223,314
Construction Partners, Inc., Class A(b)(c)
 
10,814
1,098,811
CoreCivic, Inc.(b)
 
15,799
352,792
Costamare, Inc. (Monaco)
 
6,658
87,886
CRA International, Inc.
 
3,499
682,410
CSW Industrials, Inc.
 
7,707
3,255,360
Deluxe Corp.
 
4,426
102,550
Distribution Solutions Group, Inc.(b)(c)
 
1,740
68,060
DNOW, Inc.(b)
 
16,683
251,079
DXP Enterprises, Inc.(b)
 
1,488
109,026
Dycom Industries, Inc.(b)
 
1,161
210,327
Enerpac Tool Group Corp.
 
11,242
542,539
EnerSys
 
2,724
263,302
Ennis, Inc.
 
3,399
72,501
Enpro, Inc.
 
2,533
478,990
ESCO Technologies, Inc.
 
3,576
530,714
ExlService Holdings, Inc.(b)
 
30,233
1,401,602
Exponent, Inc.
 
6,035
595,715
Federal Signal Corp.(c)
 
27,198
2,649,357
First Advantage Corp.(b)(c)
 
9,581
184,243
Fluor Corp.(b)
 
5,761
323,365
Franklin Electric Co., Inc.
 
5,356
580,055
FTAI Aviation Ltd.
 
15,871
2,679,342
 
Shares
Value
Industrials-(continued)
FTAI Infrastructure, Inc.
 
6,481
$56,061
GATX Corp.
 
2,278
373,956
Genco Shipping & Trading Ltd.
 
3,719
59,021
Gencor Industries, Inc.(b)(c)
 
3,399
75,424
GEO Group, Inc. (The)(b)
 
42,122
1,200,898
Gibraltar Industries, Inc.(b)
 
6,876
498,097
Global Industrial Co.
 
2,919
82,462
GMS, Inc.(b)
 
8,484
851,369
Golden Ocean Group Ltd. (Norway)
 
11,353
113,530
Gorman-Rupp Co. (The)
 
5,008
213,341
Graham Corp.(b)(c)
 
4,429
198,508
Granite Construction, Inc.(c)
 
980
97,383
Greenbrier Cos., Inc. (The)
 
5,459
371,212
Griffon Corp.
 
11,159
940,704
H&E Equipment Services, Inc.
 
1,842
110,041
Heidrick & Struggles International, Inc.
 
4,634
213,813
Herc Holdings, Inc.(c)
 
624
144,768
Hillman Solutions Corp.(b)
 
13,535
154,299
Huron Consulting Group, Inc.(b)
 
2,165
265,884
Hyster-Yale, Inc.
 
2,538
142,737
ICF International, Inc.
 
3,667
508,136
IES Holdings, Inc.(b)
 
3,783
1,172,181
Insperity, Inc.
 
3,643
287,251
Insteel Industries, Inc.
 
1,545
45,547
Interface, Inc.
 
6,518
173,053
Janus International Group, Inc.(b)
 
28,025
209,627
Kadant, Inc.(c)
 
3,000
1,238,370
Karat Packaging, Inc.
 
2,010
62,089
Kelly Services, Inc., Class A
 
9,502
139,204
Kennametal, Inc.
 
3,405
97,723
Kforce, Inc.
 
2,668
160,053
Korn Ferry
 
15,306
1,199,072
Kratos Defense & Security Solutions, Inc.(b)
 
8,478
229,669
LB Foster Co., Class A(b)
 
4,784
137,444
Legalzoom.com, Inc.(b)
 
7,255
57,532
Leonardo DRS, Inc.(b)(c)
 
8,001
278,195
Limbach Holdings, Inc.(b)
 
1,527
151,921
Lindsay Corp.
 
443
58,817
Liquidity Services, Inc.(b)
 
3,121
79,804
LSI Industries, Inc.
 
6,027
123,192
MasterBrand, Inc.(b)
 
13,904
240,539
Matrix Service Co.(b)(c)
 
5,151
68,302
Matson, Inc.
 
3,382
518,055
Maximus, Inc.
 
5,011
373,319
McGrath RentCorp
 
1,779
216,771
Miller Industries, Inc.
 
3,472
255,609
MillerKnoll, Inc.
 
12,052
302,987
Moog, Inc., Class A
 
3,619
800,776
MRC Global, Inc.(b)
 
4,846
67,699
Mueller Industries, Inc.
 
16,997
1,372,848
Mueller Water Products, Inc., Class A
 
21,652
542,166
MYR Group, Inc.(b)
 
4,331
683,865
National Presto Industries, Inc.
 
1,130
90,084
OPENLANE, Inc.(b)(c)
 
10,821
218,584
Park Aerospace Corp.(c)
 
4,018
61,516
Powell Industries, Inc.(c)
 
1,090
291,444
Primoris Services Corp.
 
21,692
1,815,837
Resideo Technologies, Inc.(b)
 
3,073
83,524
REV Group, Inc.
 
16,336
506,743
Rush Enterprises, Inc., Class A(c)
 
4,985
308,821
SkyWest, Inc.(b)
 
854
97,988
SPX Technologies, Inc.(b)
 
8,619
1,520,736
See accompanying notes which are an integral part of this schedule.
Invesco Russell 2000® Dynamic Multifactor ETF (OMFS)—(continued)
November 30, 2024
(Unaudited)
 
Shares
Value
Industrials-(continued)
Standex International Corp.
 
2,256
$469,000
Steelcase, Inc., Class A
 
17,006
229,071
Sterling Infrastructure, Inc.(b)
 
7,121
1,384,678
Tecnoglass, Inc.(c)
 
1,308
106,013
Tennant Co.
 
8,437
745,578
Terex Corp.
 
5,646
309,344
Thermon Group Holdings, Inc.(b)
 
6,041
190,654
TriNet Group, Inc.
 
5,993
559,926
Trinity Industries, Inc.
 
14,070
530,439
Tutor Perini Corp.(b)
 
3,732
101,436
UFP Industries, Inc.
 
3,678
499,840
UniFirst Corp.
 
1,273
255,708
V2X, Inc.(b)
 
2,380
143,395
Verra Mobility Corp., Class A(b)
 
20,063
474,691
Virco Mfg. Corp.(c)
 
4,412
72,445
Watts Water Technologies, Inc., Class A
 
4,760
1,027,160
Werner Enterprises, Inc.(c)
 
2,163
88,423
WNS (Holdings) Ltd. (India)(b)(c)
 
5,869
318,276
Zurn Elkay Water Solutions Corp.
 
39,540
1,574,483
 
 
64,853,725
Information Technology-11.32%
A10 Networks, Inc.
 
12,333
210,278
ACI Worldwide, Inc.(b)
 
16,174
919,007
Adeia, Inc.
 
6,362
77,107
Advanced Energy Industries, Inc.
 
1,001
115,155
Agilysys, Inc.(b)
 
1,653
221,998
Alarm.com Holdings, Inc.(b)(c)
 
3,962
258,085
Alkami Technology, Inc.(b)(c)
 
11,295
445,814
Altair Engineering, Inc., Class A(b)(c)
 
5,604
591,838
ASGN, Inc.(b)
 
10,769
985,902
AvePoint, Inc.(b)(c)
 
36,600
645,990
Badger Meter, Inc.
 
9,688
2,100,552
Bel Fuse, Inc., Class B(c)
 
711
57,008
Belden, Inc.
 
4,315
528,156
Benchmark Electronics, Inc.
 
7,439
360,717
Blackbaud, Inc.(b)(c)
 
2,628
220,594
BlackLine, Inc.(b)
 
1,630
101,076
Box, Inc., Class A(b)
 
10,821
379,709
Braze, Inc., Class A(b)(c)
 
1,555
61,765
Calix, Inc.(b)
 
2,391
77,779
Clearwater Analytics Holdings, Inc.,
Class A(b)(c)
 
10,696
332,004
Commvault Systems, Inc.(b)
 
21,020
3,606,822
Couchbase, Inc.(b)(c)
 
2,723
55,849
CTS Corp.
 
5,504
302,225
Daily Journal Corp.(b)
 
286
161,450
Daktronics, Inc.(b)
 
16,483
253,838
E2open Parent Holdings, Inc.(b)
 
16,388
49,819
ePlus, Inc.(b)(c)
 
7,003
566,263
Fabrinet (Thailand)(b)
 
16,888
3,961,587
FormFactor, Inc.(b)
 
14,723
589,803
Freshworks, Inc., Class A(b)
 
5,253
83,995
Hackett Group, Inc. (The)
 
2,240
70,202
Immersion Corp.(c)
 
5,413
48,392
Impinj, Inc.(b)(c)
 
377
72,463
Insight Enterprises, Inc.(b)(c)
 
411
64,301
InterDigital, Inc.(c)
 
5,254
1,029,574
Itron, Inc.(b)
 
5,675
672,658
Jamf Holding Corp.(b)(c)
 
3,294
48,092
LiveRamp Holdings, Inc.(b)
 
3,400
103,224
MeridianLink, Inc.(b)(c)
 
2,882
67,295
Mirion Technologies, Inc.(b)(c)
 
15,919
268,553
 
Shares
Value
Information Technology-(continued)
Napco Security Technologies, Inc.
 
8,167
$320,391
NCR Voyix Corp.(b)(c)
 
7,426
107,751
Novanta, Inc.(b)
 
3,214
536,674
NVE Corp.(c)
 
1,432
110,665
OSI Systems, Inc.(b)(c)
 
1,056
187,334
Photronics, Inc.(b)
 
8,317
207,176
Plexus Corp.(b)
 
4,294
705,934
Power Integrations, Inc.
 
794
52,015
Q2 Holdings, Inc.(b)
 
10,082
1,055,989
Qualys, Inc.(b)
 
9,766
1,500,058
Rambus, Inc.(b)
 
15,830
915,132
ReposiTrak, Inc.(c)
 
3,723
85,555
Sanmina Corp.(b)
 
7,897
627,101
Sapiens International Corp. N.V. (Israel)(c)
 
9,757
266,659
ScanSource, Inc.(b)
 
2,089
105,306
SEMrush Holdings, Inc., Class A(b)(c)
 
6,610
89,896
Semtech Corp.(b)(c)
 
16,884
1,081,251
SolarWinds Corp.
 
4,016
53,614
Sprinklr, Inc., Class A(b)(c)
 
13,077
107,754
SPS Commerce, Inc.(b)
 
2,610
503,913
Synaptics, Inc.(b)(c)
 
1,150
92,276
Tenable Holdings, Inc.(b)
 
3,709
155,704
TTM Technologies, Inc.(b)
 
6,009
146,499
Varonis Systems, Inc.(b)(c)
 
4,287
214,178
Veeco Instruments, Inc.(b)(c)
 
3,100
86,397
Verint Systems, Inc.(b)(c)
 
1,823
45,940
Vertex, Inc., Class A(b)(c)
 
4,911
266,422
Vishay Intertechnology, Inc.
 
3,200
61,120
Xerox Holdings Corp.
 
10,198
93,210
 
 
30,548,853
Materials-4.61%
Arch Resources, Inc.(c)
 
1,349
231,920
Ardagh Metal Packaging S.A.
 
17,362
63,892
Avient Corp.
 
2,505
128,381
Balchem Corp.
 
4,358
786,706
Cabot Corp.
 
8,277
907,325
Carpenter Technology Corp.
 
8,634
1,675,341
Clearwater Paper Corp.(b)
 
1,545
41,900
Commercial Metals Co.
 
13,847
854,221
Constellium SE(b)
 
13,905
170,475
H.B. Fuller Co.
 
3,521
270,730
Hawkins, Inc.
 
4,522
608,254
Ingevity Corp.(b)
 
1,543
74,944
Innospec, Inc.
 
6,743
799,787
Kaiser Aluminum Corp.
 
1,000
81,280
Knife River Corp.(b)
 
18,406
1,905,021
Koppers Holdings, Inc.
 
1,541
59,267
Materion Corp.
 
662
76,541
Metallus, Inc.(b)(c)
 
2,271
37,858
Minerals Technologies, Inc.
 
6,693
545,948
Orion S.A. (Germany)
 
2,631
48,463
Pactiv Evergreen, Inc.
 
5,877
79,751
Quaker Chemical Corp.(c)
 
821
129,472
Sensient Technologies Corp.
 
2,894
224,690
Summit Materials, Inc., Class A(b)
 
5,732
291,988
SunCoke Energy, Inc.
 
10,810
134,693
Sylvamo Corp.
 
4,567
421,488
TriMas Corp.
 
2,068
54,637
Tronox Holdings PLC, Class A(c)
 
2,793
33,795
United States Lime & Minerals, Inc.
 
6,509
995,877
Universal Stainless & Alloy Products, Inc.(b)
 
3,503
155,603
See accompanying notes which are an integral part of this schedule.
Invesco Russell 2000® Dynamic Multifactor ETF (OMFS)—(continued)
November 30, 2024
(Unaudited)
 
Shares
Value
Materials-(continued)
Warrior Met Coal, Inc.(c)
 
6,502
$457,221
Worthington Steel, Inc.
 
2,161
96,899
 
 
12,444,368
Real Estate-7.08%
Acadia Realty Trust
 
21,543
556,886
Alexander & Baldwin, Inc.
 
5,123
100,821
Alexander’s, Inc.
 
1,103
246,642
American Assets Trust, Inc.
 
12,823
364,686
Apple Hospitality REIT, Inc.
 
12,787
205,999
Armada Hoffler Properties, Inc.
 
6,594
72,864
Brandywine Realty Trust(c)
 
13,000
72,800
Broadstone Net Lease, Inc.(c)
 
34,986
612,605
CareTrust REIT, Inc.
 
23,019
685,736
Centerspace
 
3,602
261,145
COPT Defense Properties(c)
 
11,476
378,134
CTO Realty Growth, Inc.(c)
 
4,202
85,763
Curbline Properties Corp.(b)
 
16,429
398,567
Cushman & Wakefield PLC(b)
 
39,281
600,999
Douglas Emmett, Inc.(c)
 
24,966
483,342
Easterly Government Properties, Inc.
 
6,625
81,620
Elme Communities
 
7,669
129,913
Empire State Realty Trust, Inc., Class A
 
41,282
452,451
Essential Properties Realty Trust, Inc.(c)
 
19,712
672,179
Farmland Partners, Inc.(c)
 
5,871
74,620
Forestar Group, Inc.(b)
 
11,224
335,036
Four Corners Property Trust, Inc.(c)
 
11,203
332,841
FRP Holdings, Inc.(b)(c)
 
1,702
54,260
Getty Realty Corp.(c)
 
3,226
106,071
Gladstone Commercial Corp.
 
7,078
124,644
Global Medical REIT, Inc.
 
6,884
61,199
Independence Realty Trust, Inc.(c)
 
17,663
385,760
Innovative Industrial Properties, Inc.(c)
 
11,173
1,218,080
JBG SMITH Properties, (Acquired
07/05/2024; Cost $147,628)(d)
 
9,576
163,654
Kite Realty Group Trust
 
17,747
489,285
LTC Properties, Inc.
 
10,414
401,876
LXP Industrial Trust
 
21,042
196,743
Macerich Co. (The)(c)
 
6,446
136,720
Marcus & Millichap, Inc.
 
1,843
76,687
National Health Investors, Inc.(c)
 
14,889
1,141,242
NETSTREIT Corp.
 
8,827
143,086
Newmark Group, Inc., Class A
 
13,338
206,472
One Liberty Properties, Inc.(c)
 
5,258
158,108
Pebblebrook Hotel Trust
 
6,409
88,765
Phillips Edison & Co., Inc.
 
15,129
597,595
Piedmont Office Realty Trust, Inc., Class A
 
11,615
110,575
Plymouth Industrial REIT, Inc.
 
3,403
63,772
PotlatchDeltic Corp.
 
4,318
193,619
Retail Opportunity Investments Corp.
 
8,845
153,903
RLJ Lodging Trust
 
6,198
63,282
RMR Group, Inc. (The), Class A
 
4,161
92,374
Ryman Hospitality Properties, Inc.(c)
 
1,208
141,626
Sabra Health Care REIT, Inc.
 
28,571
535,135
Safehold, Inc.(c)
 
2,587
55,258
Saul Centers, Inc.
 
1,790
73,587
 
Shares
Value
Real Estate-(continued)
SITE Centers Corp.
 
8,108
$125,836
SL Green Realty Corp.
 
7,827
611,993
St. Joe Co. (The)
 
9,419
481,122
Sunstone Hotel Investors, Inc.
 
37,611
404,318
Tanger, Inc.
 
17,244
637,511
Terreno Realty Corp.
 
17,395
1,054,659
UMH Properties, Inc.
 
7,721
148,243
Uniti Group, Inc.(c)
 
15,338
90,648
Urban Edge Properties
 
32,863
756,178
Whitestone REIT
 
15,759
231,972
Xenia Hotels & Resorts, Inc.
 
8,261
127,054
 
 
19,108,561
Utilities-1.38%
ALLETE, Inc.
 
6,999
454,095
American States Water Co.
 
1,512
128,989
Avista Corp.
 
4,257
164,703
Black Hills Corp.
 
2,907
186,252
California Water Service Group
 
2,780
142,308
Consolidated Water Co. Ltd.
 
4,513
121,535
MGE Energy, Inc.
 
1,632
170,185
New Jersey Resources Corp.
 
1,642
84,694
Northwest Natural Holding Co.
 
2,163
94,783
NorthWestern Energy Group, Inc.
 
2,433
134,399
ONE Gas, Inc.
 
1,502
117,111
Ormat Technologies, Inc.(c)
 
929
75,825
Otter Tail Corp.(c)
 
4,110
331,430
Portland General Electric Co.
 
4,015
192,399
Southwest Gas Holdings, Inc.
 
11,319
884,693
Spire, Inc.
 
4,187
306,447
TXNM Energy, Inc.(c)
 
1,587
77,842
Unitil Corp.
 
1,019
61,160
 
 
3,728,850
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.88%
(Cost $215,716,438)
269,546,122
Investments Purchased with Cash Collateral from Securities
on Loan
Money Market Funds-14.24%
Invesco Private Government Fund,
4.63%(e)(f)(g)
 
10,768,045
10,768,045
Invesco Private Prime Fund, 4.71%(e)(f)(g)
 
27,658,659
27,666,957
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $38,435,002)
38,435,002
TOTAL INVESTMENTS IN SECURITIES-114.12%
(Cost $254,151,440)
307,981,124
OTHER ASSETS LESS LIABILITIES-(14.12)%
(38,111,949
)
NET ASSETS-100.00%
$269,869,175
See accompanying notes which are an integral part of this schedule.
Invesco Russell 2000® Dynamic Multifactor ETF (OMFS)—(continued)
November 30, 2024
(Unaudited)
Investment Abbreviations:
REIT
-Real Estate Investment Trust
 
Notes to Schedule of Investments:
(a)
Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
(b)
Non-income producing security.
(c)
All or a portion of this security was out on loan at November 30, 2024.
(d)
Restricted security. The aggregate value of these securities at November 30, 2024 was $247,358, which represented less than 1% of the Fund’s Net Assets.
(e)
Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the three months ended November 30, 2024.
 
 
Value
August 31, 2024
Purchases
at Cost
Proceeds
from Sales
Change in
Unrealized
Appreciation
(Depreciation)
Realized
Gain
(Loss)
Value
November 30, 2024
Dividend
Income
Investments in Affiliated
Money Market Funds:
Invesco Government & Agency
Portfolio, Institutional Class
$79,018
$1,834,607
$(1,913,625
)
$-
$-
$-
$1,926
Investments Purchased with
Cash Collateral from
Securities on Loan:
Invesco Private Government
Fund
11,087,000
25,902,085
(26,221,040
)
-
-
10,768,045
137,158
*
Invesco Private Prime Fund
29,671,402
49,946,001
(51,947,580
)
(2,747
)
(119
)
27,666,957
372,032
*
Total
$40,837,420
$77,682,693
$(80,082,245
)
$(2,747
)
$(119
)
$38,435,002
$511,116
 
*
Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from
borrowers, if any.
 
(f)
The rate shown is the 7-day SEC standardized yield as of November 30, 2024.
(g)
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.  
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
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. When significant events cause market movements to occur after the close of the relevant foreign securities markets, foreign securities held by certain Funds may be fair valued utilizing an independent pricing service.
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 International Developed Dynamic Multifactor ETF
Investments in Securities
Common Stocks & Other Equity Interests
$486,842,825
$-
$-
$486,842,825
Money Market Funds
-
15,360,137
-
15,360,137
Total Investments
$486,842,825
$15,360,137
$-
$502,202,962
Invesco Russell 1000® Dynamic Multifactor ETF
Investments in Securities
Common Stocks & Other Equity Interests
$5,302,177,282
$-
$68,475
$5,302,245,757
Money Market Funds
-
24,196,115
-
24,196,115
Total Investments
$5,302,177,282
$24,196,115
$68,475
$5,326,441,872
Invesco Russell 2000® Dynamic Multifactor ETF
Investments in Securities
Common Stocks & Other Equity Interests
$269,546,122
$-
$-
$269,546,122
Money Market Funds
-
38,435,002
-
38,435,002
Total Investments
$269,546,122
$38,435,002
$-
$307,981,124