Schedule of Investments
Invesco S&P Emerging Markets Low Volatility ETF (EELV)
January 31, 2024
(Unaudited)
| Shares | Value | |||
| Common Stocks & Other Equity Interests-99.54% | ||||
| Brazil-4.64% | ||||
Ambev S.A. | 1,073,500 | $2,841,752 | ||
BB Seguridade Participacoes S.A. | 464,500 | 3,219,754 | ||
Caixa Seguridade Participacoes S.A. | 1,286,100 | 3,677,844 | ||
Cia de Transmissao de Energia Eletrica Paulista, Preference Shares | 623,800 | 3,233,191 | ||
ENGIE Brasil Energia S.A. | 409,400 | 3,362,298 | ||
Equatorial Energia S.A. | 408,600 | 2,929,853 | ||
Itausa S.A., Preference Shares | 1,471,550 | 2,978,183 | ||
Klabin S.A. | 674,000 | 2,904,102 | ||
Raia Drogasil S.A. | 473,300 | 2,423,446 | ||
Telefonica Brasil S.A. | 262,600 | 2,729,582 | ||
TIM S.A. | 824,200 | 2,892,398 | ||
| 33,192,403 | ||||
| Chile-1.54% | ||||
Banco de Chile | 26,696,933 | 2,986,138 | ||
Banco de Credito e Inversiones S.A. | 103,945 | 2,745,769 | ||
Banco Santander Chile | 58,987,339 | 2,721,446 | ||
Cencosud S.A. | 1,450,283 | 2,517,854 | ||
| 10,971,207 | ||||
| China-4.28% | ||||
Agricultural Bank of China Ltd., H Shares | 7,856,343 | 3,035,103 | ||
Bank of China Ltd., H Shares | 8,618,310 | 3,241,272 | ||
CGN Power Co. Ltd., H Shares(a) | 12,918,265 | 3,619,048 | ||
China CITIC Bank Corp. Ltd., H Shares | 6,187,619 | 3,063,236 | ||
China Construction Bank Corp., H Shares | 4,915,993 | 2,917,932 | ||
Chongqing Rural Commercial Bank Co. Ltd., H Shares | 8,618,000 | 3,351,399 | ||
Hengan International Group Co. Ltd. | 787,104 | 2,436,652 | ||
Nongfu Spring Co. Ltd., H Shares(a) | 524,400 | 2,840,940 | ||
Want Want China Holdings Ltd. | 4,671,000 | 2,575,331 | ||
Zhejiang Expressway Co. Ltd., H Shares | 4,762,000 | 3,533,161 | ||
| 30,614,074 | ||||
| Czech Republic-0.50% | ||||
Komercni banka A.S. | 108,840 | 3,585,379 | ||
| Greece-0.87% | ||||
Hellenic Telecommunications Organization S.A. | 214,589 | 2,995,301 | ||
OPAP S.A. | 183,836 | 3,199,065 | ||
| 6,194,366 | ||||
| Hungary-0.94% | ||||
MOL Hungarian Oil & Gas PLC(b) | 397,193 | 3,271,804 | ||
Richter Gedeon Nyrt | 127,779 | 3,466,924 | ||
| 6,738,728 | ||||
| India-2.39% | ||||
Dr. Reddy’s Laboratories Ltd., ADR(b) | 51,851 | 3,730,680 | ||
HDFC Bank Ltd., ADR(b) | 45,636 | 2,532,342 | ||
ICICI Bank Ltd., ADR(b) | 148,333 | 3,619,325 | ||
Reliance Industries Ltd., GDR(a) | 52,643 | 3,653,424 | ||
Wipro Ltd., ADR(b) | 627,540 | 3,551,876 | ||
| 17,087,647 | ||||
| Indonesia-3.37% | ||||
PT Astra International Tbk | 7,611,610 | 2,472,085 | ||
PT Bank Central Asia Tbk | 6,477,403 | 3,920,101 | ||
PT Bank Negara Indonesia (Persero) Tbk | 9,351,605 | 3,407,588 | ||
PT Bank Rakyat Indonesia (Persero) Tbk | 9,028,663 | 3,261,304 | ||
PT Capital Financial Indonesia Tbk(c) | 38,835,135 | 1,821,166 | ||
PT Indofood CBP Sukses Makmur Tbk | 4,146,780 | 3,094,318 | ||
| Shares | Value | |||
| Indonesia-(continued) | ||||
PT Indofood Sukses Makmur Tbk | 7,824,790 | $3,161,156 | ||
PT Telkom Indonesia (Persero) Tbk | 11,643,529 | 2,921,950 | ||
| 24,059,668 | ||||
| Kuwait-3.51% | ||||
Agility Public Warehousing Co. K.S.C.P.(c) | 1,631,874 | 3,077,006 | ||
Boubyan Bank K.S.C.P. | 1,965,372 | 3,923,077 | ||
Gulf Bank K.S.C.P. | 4,465,842 | 4,210,319 | ||
Kuwait Finance House K.S.C.P. | 1,979,426 | 4,967,870 | ||
Mobile Telecommunications Co. K.S.C.P. | 2,429,112 | 4,153,813 | ||
National Bank of Kuwait SAKP | 1,483,431 | 4,726,145 | ||
| 25,058,230 | ||||
| Malaysia-13.20% | ||||
CIMB Group Holdings Bhd. | 3,547,700 | 4,672,764 | ||
Gamuda Bhd. | 2,957,800 | 3,157,905 | ||
Genting Bhd. | 3,495,800 | 3,488,409 | ||
Genting Malaysia Bhd. | 7,072,300 | 4,037,042 | ||
Hong Leong Bank Bhd. | 1,543,000 | 6,263,340 | ||
Hong Leong Financial Group Bhd. | 1,261,400 | 4,378,898 | ||
IHH Healthcare Bhd. | 3,590,847 | 4,630,902 | ||
Kuala Lumpur Kepong Bhd. | 629,600 | 2,957,656 | ||
Malayan Banking Bhd. | 3,624,992 | 7,096,707 | ||
Malaysia Airports Holdings Bhd. | 2,578,400 | 4,191,944 | ||
MISC Bhd. | 3,332,300 | 5,178,098 | ||
Nestle Malaysia Bhd. | 231,800 | 5,856,258 | ||
Petronas Gas Bhd. | 1,346,900 | 5,051,587 | ||
Press Metal Aluminium Holdings Bhd. | 2,878,400 | 2,884,486 | ||
Public Bank Bhd. | 5,668,100 | 5,260,668 | ||
RHB Bank Bhd. | 4,556,600 | 5,394,706 | ||
Sime Darby Bhd. | 6,707,300 | 3,445,822 | ||
Sunway Bhd. | 7,385,800 | 4,184,766 | ||
Telekom Malaysia Bhd. | 3,171,700 | 3,969,654 | ||
Tenaga Nasional Bhd. | 1,981,272 | 4,490,325 | ||
TIME dotCom Bhd. | 3,240,600 | 3,768,140 | ||
| 94,360,077 | ||||
| Mexico-4.09% | ||||
America Movil S.A.B. de C.V., Class B(c) | 3,411,823 | 3,088,926 | ||
Arca Continental S.A.B. de C.V. | 282,803 | 3,219,991 | ||
Coca-Cola FEMSA S.A.B. de C.V., Series L | 349,883 | 3,338,000 | ||
El Puerto de Liverpool S.A.B. de C.V., Class C-1 | 628,188 | 4,421,876 | ||
Fomento Economico Mexicano S.A.B. de C.V., Series CPO(d) | 247,006 | 3,357,027 | ||
Grupo Bimbo S.A.B. de C.V., Series A(b) | 531,455 | 2,429,615 | ||
Grupo Elektra S.A.B. de C.V. | 47,169 | 3,167,522 | ||
Kimberly-Clark de Mexico S.A.B. de C.V., Class A | 1,388,073 | 3,171,260 | ||
Wal-Mart de Mexico S.A.B. de C.V., Series V | 734,735 | 3,041,950 | ||
| 29,236,167 | ||||
| Poland-0.46% | ||||
Orange Polska S.A. | 1,516,534 | 3,261,355 | ||
| Qatar-0.46% | ||||
Qatar Fuel Q.S.C. | 764,137 | 3,294,960 | ||
| Romania-0.53% | ||||
NEPI Rockcastle N.V. | 560,566 | 3,800,049 | ||
| Russia-0.10% | ||||
Mobile TeleSystems PJSC, ADR(c)(e) | 206,291 | 0 | ||
X5 Retail Group N.V., GDR(a)(c)(e) | 51,546 | 678,375 | ||
| 678,375 | ||||
See accompanying notes which are an integral part of this schedule.
Invesco S&P Emerging Markets Low Volatility ETF (EELV)—(continued)
January 31, 2024
(Unaudited)
| Shares | Value | |||
| Saudi Arabia-6.05% | ||||
Advanced Petrochemical Co. | 303,070 | $3,075,068 | ||
Al Rajhi Bank | 158,296 | 3,545,736 | ||
Bank Al-Jazira(c) | 673,039 | 3,621,751 | ||
Jarir Marketing Co. | 928,727 | 3,774,246 | ||
Rabigh Refining & Petrochemical Co.(c) | 963,803 | 2,349,047 | ||
SABIC Agri-Nutrients Co. | 80,070 | 2,737,253 | ||
Saudi Arabian Oil Co.(a) | 472,727 | 3,857,350 | ||
Saudi Basic Industries Corp. | 160,746 | 3,339,141 | ||
Saudi Electricity Co. | 695,788 | 3,517,810 | ||
Saudi Investment Bank (The) | 840,130 | 3,494,848 | ||
Saudi National Bank (The) | 305,876 | 3,311,529 | ||
Saudi Telecom Co. | 311,552 | 3,389,595 | ||
Yanbu National Petrochemical Co., Class A | 315,860 | 3,234,320 | ||
| 43,247,694 | ||||
| South Africa-3.49% | ||||
Bid Corp. Ltd. | 131,588 | 3,213,015 | ||
Clicks Group Ltd.(b) | 185,587 | 3,002,920 | ||
Discovery Ltd. | 466,112 | 3,471,765 | ||
Old Mutual Ltd.(b) | 4,341,772 | 2,906,381 | ||
OUTsurance Group Ltd. | 1,389,620 | 3,126,855 | ||
Remgro Ltd. | 399,905 | 3,390,820 | ||
Shoprite Holdings Ltd. | 206,648 | 3,016,486 | ||
Vodacom Group Ltd. | 561,698 | 2,819,551 | ||
| 24,947,793 | ||||
| South Korea-6.71% | ||||
BNK Financial Group, Inc. | 582,683 | 3,287,456 | ||
Cheil Worldwide, Inc. | 205,200 | 2,824,354 | ||
GS Holdings Corp.(c) | 97,038 | 3,366,320 | ||
Hyundai Motor Co. | 21,058 | 3,070,383 | ||
Industrial Bank of Korea(c) | 370,718 | 3,477,608 | ||
Kangwon Land, Inc.(c) | 235,684 | 2,650,595 | ||
Korean Air Lines Co. Ltd.(c) | 166,110 | 2,800,341 | ||
KT&G Corp. | 55,851 | 3,791,332 | ||
LG Uplus Corp. | 449,495 | 3,445,348 | ||
NH Investment & Securities Co. Ltd.(c) | 377,389 | 2,991,627 | ||
Samsung Biologics Co. Ltd.(a)(c) | 5,395 | 3,395,497 | ||
Samsung C&T Corp. | 38,669 | 3,998,293 | ||
Samsung Electronics Co. Ltd. | 54,699 | 2,979,521 | ||
Samsung Life Insurance Co. Ltd. | 61,831 | 3,210,496 | ||
Samsung Securities Co. Ltd. | 93,975 | 2,651,001 | ||
| 47,940,172 | ||||
| Taiwan-26.33% | ||||
Asia Cement Corp. | 2,964,872 | 3,765,353 | ||
Catcher Technology Co. Ltd. | 577,615 | 3,589,390 | ||
Cathay Financial Holding Co. Ltd.(c) | 2,697,198 | 3,804,575 | ||
Chang Hwa Commercial Bank Ltd. | 11,511,667 | 6,436,338 | ||
Cheng Shin Rubber Industry Co. Ltd. | 2,156,046 | 3,130,794 | ||
Chicony Electronics Co. Ltd. | 494,000 | 2,596,303 | ||
China Development Financial Holding Corp.(c) | 10,570,768 | 4,069,642 | ||
China Steel Corp. | 4,816,689 | 3,870,341 | ||
Chunghwa Telecom Co. Ltd. | 1,583,137 | 6,019,052 | ||
CTBC Financial Holding Co. Ltd. | 4,317,730 | 3,924,645 | ||
E.Sun Financial Holding Co. Ltd. | 5,692,411 | 4,501,260 | ||
Far Eastern New Century Corp. | 3,857,000 | 3,807,770 | ||
Far EasTone Telecommunications Co. Ltd. | 1,424,810 | 3,664,506 | ||
First Financial Holding Co. Ltd. | 6,098,200 | 5,182,579 | ||
Formosa Chemicals & Fibre Corp. | 2,071,271 | 3,745,553 | ||
Formosa Petrochemical Corp. | 1,466,831 | 3,496,081 | ||
Formosa Plastics Corp. | 1,870,542 | 4,308,889 | ||
Fubon Financial Holding Co. Ltd. | 2,104,147 | 4,336,091 | ||
| Shares | Value | |||
| Taiwan-(continued) | ||||
Highwealth Construction Corp. | 3,646,550 | $4,613,600 | ||
Hon Hai Precision Industry Co. Ltd. | 1,058,017 | 3,464,808 | ||
Hua Nan Financial Holdings Co. Ltd. | 6,756,650 | 4,662,811 | ||
Mega Financial Holding Co. Ltd. | 3,206,177 | 3,856,693 | ||
Nan Ya Plastics Corp. | 1,785,930 | 3,474,916 | ||
Pegatron Corp. | 1,141,061 | 3,014,928 | ||
Pou Chen Corp. | 3,895,426 | 3,932,825 | ||
Powerchip Semiconductor Manufacturing Corp. | 2,968,000 | 2,560,297 | ||
Powertech Technology, Inc. | 789,556 | 3,670,359 | ||
President Chain Store Corp. | 601,000 | 5,069,218 | ||
Radiant Opto-Electronics Corp. | 664,028 | 2,938,318 | ||
Shanghai Commercial & Savings Bank Ltd. (The) | 2,414,902 | 3,417,951 | ||
Shin Kong Financial Holding Co. Ltd.(c) | 13,445,532 | 3,608,443 | ||
Simplo Technology Co. Ltd. | 238,000 | 3,087,206 | ||
SinoPac Financial Holdings Co. Ltd. | 6,600,470 | 4,048,915 | ||
Synnex Technology International Corp. | 1,712,021 | 3,938,258 | ||
TA Chen Stainless Pipe | 2,500,232 | 2,963,581 | ||
Taishin Financial Holding Co. Ltd. | 7,930,036 | 4,345,121 | ||
Taiwan Business Bank | 9,212,537 | 3,929,372 | ||
Taiwan Cement Corp. | 3,274,900 | 3,337,731 | ||
Taiwan Cooperative Financial Holding Co. Ltd. | 6,182,870 | 5,027,366 | ||
Taiwan Fertilizer Co. Ltd. | 2,277,677 | 4,948,387 | ||
Taiwan High Speed Rail Corp. | 5,619,000 | 5,304,923 | ||
Taiwan Mobile Co. Ltd. | 1,782,800 | 5,582,019 | ||
Taiwan Semiconductor Manufacturing Co. Ltd. | 153,000 | 3,069,825 | ||
Uni-President Enterprises Corp. | 1,967,181 | 4,550,357 | ||
WPG Holdings Ltd. | 1,196,937 | 3,334,651 | ||
Yuanta Financial Holding Co. Ltd. | 5,491,230 | 4,745,692 | ||
Yulon Finance Corp. | 612,657 | 3,415,666 | ||
| 188,163,399 | ||||
| Thailand-11.81% | ||||
Advanced Info Service PCL, NVDR | 624,346 | 3,854,042 | ||
Airports of Thailand PCL, NVDR | 2,221,489 | 3,741,356 | ||
Bangkok Bank PCL, NVDR | 861,167 | 3,422,579 | ||
Bangkok Dusit Medical Services PCL, NVDR | 4,345,815 | 3,368,611 | ||
Bangkok Expressway & Metro PCL, NVDR | 13,440,205 | 2,784,455 | ||
Central Pattana PCL, NVDR | 1,498,681 | 2,735,243 | ||
Charoen Pokphand Foods PCL, NVDR | 5,378,896 | 2,820,026 | ||
CP ALL PCL, NVDR | 2,069,636 | 3,048,086 | ||
Electricity Generating PCL, NVDR | 794,921 | 2,946,434 | ||
Gulf Energy Development PCL, NVDR | 2,082,395 | 2,553,285 | ||
Home Product Center PCL, NVDR | 9,747,151 | 2,884,789 | ||
Intouch Holdings PCL, NVDR | 1,744,626 | 3,626,698 | ||
Kasikornbank PCL, NVDR | 897,341 | 3,035,189 | ||
Kiatnakin Phatra Bank PCL, NVDR | 2,185,442 | 3,003,039 | ||
Kiatnakin Phatra Bank PCL, Wts., expiring 03/17/2024(c) | 191,544 | 54 | ||
Kiatnakin Phatra Bank PCL, Wts., expiring 03/17/2026(c) | 191,544 | 8,854 | ||
Krung Thai Bank PCL, NVDR | 6,468,540 | 2,899,015 | ||
Land & Houses PCL, NVDR | 18,825,029 | 4,059,234 | ||
Minor International PCL, NVDR | 3,626,056 | 3,117,320 | ||
PTT Oil & Retail Business PCL, NVDR | 5,129,436 | 2,588,032 | ||
PTT PCL, NVDR | 3,545,797 | 3,373,142 | ||
Ratch Group PCL, NVDR | 3,460,465 | 2,950,576 | ||
SCB X PCL, NVDR | 1,359,307 | 3,984,721 | ||
Siam Cement PCL (The), NVDR | 457,828 | 3,484,280 | ||
Thai Beverage PCL | 8,030,234 | 3,154,767 | ||
Thai Union Group PCL, NVDR | 6,652,398 | 2,850,157 | ||
See accompanying notes which are an integral part of this schedule.
Invesco S&P Emerging Markets Low Volatility ETF (EELV)—(continued)
January 31, 2024
(Unaudited)
| Shares | Value | |||
| Thailand-(continued) | ||||
Tisco Financial Group PCL, NVDR | 1,796,558 | $5,013,297 | ||
TMBThanachart Bank PCL, NVDR | 61,347,292 | 3,095,248 | ||
| 84,402,529 | ||||
| United Arab Emirates-4.27% | ||||
Abu Dhabi Commercial Bank PJSC | 1,412,401 | 3,460,872 | ||
Abu Dhabi National Oil Co. for Distribution PJSC | 2,915,736 | 2,818,133 | ||
Abu Dhabi Ports Co. PJSC(c) | 1,980,536 | 3,348,570 | ||
Borouge PLC | 6,215,121 | 4,044,199 | ||
Dubai Electricity and Water Authority PJSC | 5,441,397 | 3,718,511 | ||
Dubai Islamic Bank PJSC | 2,454,484 | 4,223,400 | ||
Emirates NBD Bank PJSC | 612,104 | 2,949,738 | ||
Emirates Telecommunications Group Co. PJSC | 540,648 | 2,823,243 | ||
First Abu Dhabi Bank PJSC | 776,870 | 3,096,524 | ||
| 30,483,190 | ||||
Total Common Stocks & Other Equity Interests (Cost $694,558,048) | 711,317,462 | |||
| Money Market Funds-0.24% | ||||
Invesco Government & Agency Portfolio, Institutional Class, 5.24%(f)(g) (Cost $1,681,275) | 1,681,275 | 1,681,275 | ||
TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-99.78% (Cost $696,239,323) | 712,998,737 | |||
| Shares | Value | |||
| Investments Purchased with Cash Collateral from Securities on Loan | ||||
| Money Market Funds-1.69% | ||||
Invesco Private Government Fund, 5.29%(f)(g)(h) | 3,387,153 | $3,387,153 | ||
Invesco Private Prime Fund, 5.52%(f)(g)(h) | 8,703,733 | 8,709,826 | ||
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $12,097,210) | 12,096,979 | |||
TOTAL INVESTMENTS IN SECURITIES-101.47% (Cost $708,336,533) | 725,095,716 | |||
OTHER ASSETS LESS LIABILITIES-(1.47)% | (10,473,829) | |||
NET ASSETS-100.00% | $714,621,887 | |||
| Investment Abbreviations: |
| ADR-American Depositary Receipt |
| CPO-Certificates of Ordinary Participation |
| GDR-Global Depositary Receipt |
| NVDR-Non-Voting Depositary Receipt |
| Wts.-Warrants |
| Notes to Schedule of Investments: | |
| (a) | 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 January 31, 2024 was $18,044,634, which represented 2.53% of the Fund’s Net Assets. |
| (b) | All or a portion of this security was out on loan at January 31, 2024. |
| (c) | Non-income producing security. |
| (d) | Each CPO for Fomento Economico Mexicano, S.A.B. de C.V. represents one Series B share and four Series D shares. |
| (e) | Security valued using significant unobservable inputs (Level 3). See Note 1. |
| (f) | 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 January 31, 2024. |
| Value October 31, 2023 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain | Value January 31, 2024 | Dividend Income | |||||||
| Investments in Affiliated Money Market Funds: | |||||||||||||
| Invesco Government & Agency Portfolio, Institutional Class | $- | $20,264,280 | $(18,583,005) | $- | $- | $1,681,275 | $19,381 |
See accompanying notes which are an integral part of this schedule.
Invesco S&P Emerging Markets Low Volatility ETF (EELV)—(continued)
January 31, 2024
(Unaudited)
| Value October 31, 2023 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain | Value January 31, 2024 | Dividend Income | |||||||
| Investments Purchased with Cash Collateral from Securities on Loan: | |||||||||||||
| Invesco Private Government Fund | $4,448,834 | $16,008,322 | $(17,070,003) | $- | $- | $3,387,153 | $54,288* | ||||||
| Invesco Private Prime Fund | 11,443,704 | 37,601,269 | (40,341,961) | (152) | 6,966 | 8,709,826 | 143,099* | ||||||
| Total | $15,892,538 | $73,873,871 | $(75,994,969) | $(152) | $6,966 | $13,778,254 | $216,768 |
| * | 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. |
| (g) | The rate shown is the 7-day SEC standardized yield as of January 31, 2024. |
| (h) | 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
Invesco S&P Emerging Markets Momentum ETF (EEMO)
January 31, 2024
(Unaudited)
| Shares | Value | |||
| Common Stocks & Other Equity Interests-100.41% | ||||
| Brazil-5.62% | ||||
Banco do Brasil S.A. | 4,916 | $56,163 | ||
Caixa Seguridade Participacoes S.A. | 2,366 | 6,766 | ||
Equatorial Energia S.A. | 2,852 | 20,450 | ||
Gerdau S.A., Preference Shares | 3,555 | 15,138 | ||
Petroleo Brasileiro S.A., Preference Shares | 14,371 | 117,647 | ||
PRIO S.A. | 3,479 | 30,931 | ||
Raia Drogasil S.A. | 4,242 | 21,721 | ||
WEG S.A. | 5,096 | 33,354 | ||
| 302,170 | ||||
| Chile-0.59% | ||||
Banco Santander Chile | 219,080 | 10,107 | ||
Cencosud S.A. | 5,860 | 10,174 | ||
Enel Chile S.A. | 192,418 | 11,539 | ||
| 31,820 | ||||
| China-2.74% | ||||
CRRC Corp. Ltd., H Shares | 18,004 | 8,360 | ||
New Oriental Education & Technology Group, Inc.(a) | 5,206 | 39,592 | ||
PetroChina Co. Ltd., H Shares | 104,786 | 75,735 | ||
Vipshop Holdings Ltd., ADR(a) | 1,183 | 18,798 | ||
ZTE Corp., H Shares | 2,696 | 4,683 | ||
| 147,168 | ||||
| Czech Republic-0.17% | ||||
Komercni banka A.S.(b) | 272 | 8,960 | ||
| Egypt-0.91% | ||||
Commercial International Bank Egypt S.A.E. | 17,223 | 49,105 | ||
| Greece-3.24% | ||||
Alpha Services and Holdings S.A.(a) | 9,322 | 16,708 | ||
Eurobank Ergasias Services and Holdings S.A.(a) | 11,882 | 23,065 | ||
JUMBO S.A. | 679 | 19,177 | ||
Motor Oil Hellas Corinth Refineries S.A. | 220 | 6,041 | ||
Mytilineos S.A. | 905 | 37,356 | ||
National Bank of Greece S.A.(a) | 3,064 | 23,398 | ||
OPAP S.A. | 573 | 9,971 | ||
Piraeus Financial Holdings S.A.(a) | 5,938 | 24,188 | ||
Public Power Corp. S.A.(a) | 1,062 | 14,120 | ||
| 174,024 | ||||
| Hungary-0.84% | ||||
OTP Bank Nyrt. | 972 | 45,261 | ||
| India-28.44% | ||||
ABB India Ltd. | 249 | 14,007 | ||
Aditya Birla Capital Ltd.(a) | 2,696 | 5,555 | ||
AIA Engineering Ltd. | 146 | 7,221 | ||
APL Apollo Tubes Ltd. | 801 | 14,501 | ||
Aurobindo Pharma Ltd. | 1,052 | 14,573 | ||
Bajaj Auto Ltd. | 236 | 21,790 | ||
Bank of Baroda | 4,883 | 14,559 | ||
Bharat Electronics Ltd. | 13,184 | 29,513 | ||
Bharti Airtel Ltd. | 9,414 | 132,713 | ||
Britannia Industries Ltd. | 366 | 22,911 | ||
Canara Bank | 1,468 | 8,521 | ||
CG Power and Industrial Solutions Ltd. | 3,546 | 20,007 | ||
Cholamandalam Investment and Finance Co. Ltd. | 1,764 | 25,154 | ||
Colgate-Palmolive (India) Ltd. | 490 | 15,159 | ||
Cummins India Ltd. | 683 | 18,866 | ||
Dr. Reddy’s Laboratories Ltd. | 536 | 39,509 | ||
Hindustan Aeronautics Ltd.(c) | 1,110 | 40,091 | ||
IDBI Bank Ltd. | 2,016 | 2,102 | ||
IDFC First Bank Ltd.(a) | 22,500 | 22,854 | ||
| Shares | Value | |||
| India-(continued) | ||||
Indian Hotels Co. Ltd. (The) | 3,509 | $20,817 | ||
Indian Oil Corp. Ltd. | 16,204 | 28,674 | ||
Indian Railway Finance Corp. Ltd.(c) | 9,133 | 19,263 | ||
InterGlobe Aviation Ltd.(a)(c) | 436 | 15,548 | ||
ITC Ltd. | 18,043 | 95,936 | ||
Jindal Steel & Power Ltd. | 1,705 | 15,545 | ||
Larsen & Toubro Ltd. | 3,388 | 141,966 | ||
Lupin Ltd. | 1,014 | 18,381 | ||
Mahindra & Mahindra Financial Services Ltd. | 2,204 | 7,675 | ||
Max Healthcare Institute Ltd. | 3,028 | 28,470 | ||
NHPC Ltd. | 10,952 | 11,995 | ||
NMDC Ltd. | 4,386 | 11,612 | ||
NTPC Ltd. | 22,944 | 87,721 | ||
Oil & Natural Gas Corp. Ltd. | 17,070 | 51,851 | ||
Oracle Financial Services Software Ltd. | 88 | 6,910 | ||
Polycab India Ltd. | 336 | 17,573 | ||
Power Finance Corp. Ltd. | 11,951 | 63,789 | ||
Punjab National Bank | 11,564 | 15,930 | ||
REC Ltd. | 10,013 | 60,173 | ||
Siemens Ltd. | 373 | 18,597 | ||
Sun Pharmaceutical Industries Ltd. | 3,357 | 57,340 | ||
Supreme Industries Ltd. | 366 | 18,202 | ||
Syngene International Ltd.(c) | 684 | 6,182 | ||
Tata Communications Ltd. | 592 | 12,383 | ||
Tata Motors Ltd. | 6,432 | 68,484 | ||
Torrent Pharmaceuticals Ltd. | 360 | 10,973 | ||
Tube Investments of India Ltd. | 347 | 16,288 | ||
TVS Motor Co. Ltd. | 985 | 23,738 | ||
Union Bank of India Ltd. | 8,982 | 15,126 | ||
Varun Beverages Ltd. | 2,028 | 31,268 | ||
Vedanta Ltd. | 3,787 | 12,488 | ||
Zomato Ltd.(a) | 19,302 | 32,436 | ||
Zydus Lifesciences Ltd. | 1,678 | 15,373 | ||
| 1,528,313 | ||||
| Indonesia-5.64% | ||||
PT Bank Central Asia Tbk | 181,450 | 109,813 | ||
PT Bank Mandiri (Persero) Tbk | 177,776 | 74,918 | ||
PT Bank Rakyat Indonesia (Persero) Tbk | 285,172 | 103,009 | ||
PT Indofood CBP Sukses Makmur Tbk | 7,664 | 5,719 | ||
PT Sumber Alfaria Trijaya Tbk | 57,692 | 9,688 | ||
| 303,147 | ||||
| Malaysia-0.73% | ||||
Gamuda Bhd. | 8,150 | 8,701 | ||
YTL Corp. Bhd. | 34,496 | 17,066 | ||
YTL Power International Bhd. | 15,326 | 13,317 | ||
| 39,084 | ||||
| Mexico-6.45% | ||||
CEMEX S.A.B. de C.V., Series CPO(a)(d) | 52,210 | 43,469 | ||
Fibra Uno Administracion S.A. de C.V. | 9,608 | 16,368 | ||
Fomento Economico Mexicano S.A.B. de C.V., Series CPO(e) | 9,222 | 125,335 | ||
Grupo Carso S.A.B. de C.V., Series A1 | 2,744 | 25,779 | ||
Grupo Financiero Banorte S.A.B. de C.V., Class O | 9,104 | 92,792 | ||
Kimberly-Clark de Mexico S.A.B. de C.V., Class A(b) | 5,075 | 11,595 | ||
Southern Copper Corp. | 378 | 31,034 | ||
| 346,372 | ||||
| Philippines-0.37% | ||||
BDO Unibank, Inc. | 7,720 | 19,885 | ||
See accompanying notes which are an integral part of this schedule.
Invesco S&P Emerging Markets Momentum ETF (EEMO)—(continued)
January 31, 2024
(Unaudited)
| Shares | Value | |||
| Poland-2.70% | ||||
Bank Polska Kasa Opieki S.A. | 746 | $28,936 | ||
Budimex S.A. | 54 | 9,300 | ||
CD Projekt S.A.(b) | 268 | 7,048 | ||
InPost S.A.(a) | 812 | 12,304 | ||
Powszechna Kasa Oszczednosci Bank Polski S.A. | 3,604 | 46,145 | ||
Powszechny Zaklad Ubezpieczen S.A. | 1,980 | 24,039 | ||
Santander Bank Polska S.A. | 142 | 17,361 | ||
| 145,133 | ||||
| Romania-0.23% | ||||
NEPI Rockcastle N.V. | 1,858 | 12,595 | ||
| Russia-0.00% | ||||
Alrosa PJSC(f) | 11,439 | 0 | ||
Gazprom PJSC(a)(f) | 43,562 | 0 | ||
Severstal PAO(a)(f) | 1,045 | 0 | ||
| 0 | ||||
| Saudi Arabia-1.37% | ||||
Arabian Internet & Communications Services Co. | 84 | 7,347 | ||
Dr Sulaiman Al Habib Medical Services Group Co. | 277 | 21,421 | ||
Elm Co. | 186 | 44,738 | ||
| 73,506 | ||||
| South Africa-2.29% | ||||
Bid Corp. Ltd. | 1,276 | 31,156 | ||
Bidvest Group Ltd. (The) | 1,096 | 14,545 | ||
Gold Fields Ltd. | 3,610 | 53,919 | ||
OUTsurance Group Ltd. | 3,342 | 7,520 | ||
Woolworths Holdings Ltd. | 4,239 | 15,811 | ||
| 122,951 | ||||
| South Korea-8.28% | ||||
Doosan Bobcat, Inc. | 256 | 9,763 | ||
Ecopro BM Co. Ltd.(a) | 320 | 51,189 | ||
Ecopro Co. Ltd.(a) | 170 | 63,942 | ||
Hanwha Aerospace Co. Ltd.(a) | 138 | 14,279 | ||
Hanwha Ocean Co. Ltd.(a) | 238 | 3,914 | ||
JYP Entertainment Corp.(a) | 170 | 9,591 | ||
Meritz Financial Group, Inc.(a) | 394 | 20,222 | ||
POSCO Future M Co. Ltd.(a) | 271 | 51,473 | ||
POSCO Holdings, Inc. | 549 | 175,233 | ||
Posco International Corp.(a) | 402 | 15,843 | ||
Samsung Engineering Co. Ltd.(a) | 804 | 13,434 | ||
Samsung Heavy Industries Co. Ltd.(a) | 2,890 | 15,829 | ||
| 444,712 | ||||
| Taiwan-19.05% | ||||
Acer, Inc. | 12,742 | 18,747 | ||
Alchip Technologies Ltd. | 418 | 52,084 | ||
Chicony Electronics Co. Ltd. | 3,082 | 16,198 | ||
Chroma ATE, Inc. | 1,508 | 9,660 | ||
Compal Electronics, Inc. | 15,212 | 17,424 | ||
Delta Electronics, Inc. | 7,542 | 67,469 | ||
Elite Material Co. Ltd. | 2,006 | 29,546 | ||
Faraday Technology Corp. | 942 | 12,535 | ||
Gigabyte Technology Co. Ltd. | 4,298 | 42,431 | ||
Global Unichip Corp. | 582 | 28,729 | ||
Gold Circuit Electronics Ltd. | 1,422 | 10,404 | ||
Hotai Finance Co. Ltd. | 842 | 3,255 | ||
Innolux Corp. | 34,226 | 17,879 | ||
International Games System Co. Ltd. | 664 | 17,608 | ||
Inventec Corp. | 24,550 | 43,061 | ||
King Slide Works Co. Ltd. | 354 | 11,762 | ||
King Yuan Electronics Co. Ltd. | 5,526 | 14,830 | ||
| Shares | Value | |||
| Taiwan-(continued) | ||||
Lite-On Technology Corp. | 16,494 | $57,177 | ||
Makalot Industrial Co. Ltd. | 1,520 | 17,483 | ||
Micro-Star International Co. Ltd. | 3,648 | 21,212 | ||
Novatek Microelectronics Corp. | 2,546 | 41,566 | ||
Powertech Technology, Inc. | 2,500 | 11,622 | ||
Qisda Corp. | 8,704 | 12,931 | ||
Quanta Computer, Inc. | 24,262 | 191,464 | ||
Radiant Opto-Electronics Corp. | 1,902 | 8,416 | ||
TA Chen Stainless Pipe | 7,144 | 8,468 | ||
Taishin Financial Holding Co. Ltd. | 51,850 | 28,410 | ||
Teco Electric and Machinery Co. Ltd. | 8,088 | 11,900 | ||
Tripod Technology Corp. | 2,224 | 13,323 | ||
Wistron Corp. | 25,246 | 92,355 | ||
Wiwynn Corp. | 588 | 41,330 | ||
Yuanta Financial Holding Co. Ltd. | 53,590 | 46,314 | ||
Yulon Motor Co. Ltd. | 2,920 | 6,484 | ||
| 1,024,077 | ||||
| Thailand-1.43% | ||||
Bangkok Bank PCL, NVDR | 2,406 | 9,562 | ||
Delta Electronics Thailand PCL, NVDR | 17,642 | 39,160 | ||
Krung Thai Bank PCL, NVDR | 14,714 | 6,595 | ||
Tisco Financial Group PCL, NVDR | 1,726 | 4,817 | ||
TMBThanachart Bank PCL, NVDR | 229,184 | 11,563 | ||
WHA Corp. PCL, NVDR | 39,558 | 5,285 | ||
| 76,982 | ||||
| Turkey-8.34% | ||||
AG Anadolu Grubu Holding A.S. | 535 | 4,038 | ||
Akbank T.A.S. | 22,264 | 29,011 | ||
Alarko Holding A.S. | 861 | 3,045 | ||
Anadolu Efes Biracilik ve Malt Sanayii A.S. | 1,207 | 5,601 | ||
Arcelik A.S. | 1,102 | 5,142 | ||
Aselsan Elektronik Sanayi Ve Ticaret A.S. | 8,978 | 14,971 | ||
BIM Birlesik Magazalar A.S. | 2,725 | 34,215 | ||
Borusan Yatirim ve Pazarlama A.S. | 54 | 4,645 | ||
Coca-Cola Icecek A.S. | 406 | 7,158 | ||
Dogus Otomotiv Servis ve Ticaret A.S. | 262 | 2,355 | ||
Emlak Konut Gayrimenkul Yatirim Ortakligi A.S. | 10,220 | 3,385 | ||
Enerjisa Enerji A.S.(c) | 2,064 | 3,785 | ||
Enka Insaat ve Sanayi A.S. | 6,347 | 7,793 | ||
Ford Otomotiv Sanayi A.S. | 608 | 17,673 | ||
Gubre Fabrikalari T.A.S.(a) | 373 | 1,790 | ||
Haci Omer Sabanci Holding A.S. | 10,434 | 24,964 | ||
Hektas Ticaret T.A.S.(a) | 6,103 | 3,584 | ||
Iskenderun Demir ve Celik A.S.(a) | 493 | 587 | ||
KOC Holding A.S. | 11,029 | 58,409 | ||
Kontrolmatik Enerji Ve Muhendislik A.S. | 738 | 5,898 | ||
Koza Altin Isletmeleri A.S. | 7,112 | 4,866 | ||
Oyak Cimento Fabrikalari A.S.(a) | 2,692 | 5,598 | ||
Pegasus Hava Tasimaciligi A.S.(a) | 387 | 9,597 | ||
Petkim Petrokimya Holding A.S.(a) | 5,136 | 3,676 | ||
Sasa Polyester Sanayi A.S.(a) | 6,031 | 7,652 | ||
TAV Havalimanlari Holding A.S.(a) | 774 | 3,528 | ||
Tofas Turk Otomobil Fabrikasi A.S. | 1,106 | 8,981 | ||
Turk Hava Yollari AO(a) | 6,129 | 55,091 | ||
Turk Telekomunikasyon A.S.(a) | 2,183 | 2,352 | ||
Turk Traktor ve Ziraat Makineleri A.S. | 220 | 5,864 | ||
Turkcell Iletisim Hizmetleri A.S. | 8,141 | 18,391 | ||
Turkiye Garanti Bankasi A.S. | 3,854 | 8,065 | ||
Turkiye Halk Bankasi A.S.(a) | 3,784 | 1,625 | ||
Turkiye Is Bankasi A.S., Class C | 21,325 | 18,019 | ||
Turkiye Petrol Rafinerileri A.S. | 5,794 | 28,642 | ||
See accompanying notes which are an integral part of this schedule.
Invesco S&P Emerging Markets Momentum ETF (EEMO)—(continued)
January 31, 2024
(Unaudited)
| Shares | Value | |||
| Turkey-(continued) | ||||
Turkiye Sise ve Cam Fabrikalari A.S. | 7,664 | $12,452 | ||
Turkiye Vakiflar Bankasi T.A.O., Class D(a) | 4,971 | 2,320 | ||
Vestel Beyaz Esya Sanayi ve Ticaret A.S. | 1,363 | 782 | ||
Yapi ve Kredi Bankasi A.S. | 17,872 | 12,863 | ||
| 448,413 | ||||
| United Arab Emirates-0.98% | ||||
Emirates NBD Bank PJSC | 8,434 | 40,644 | ||
Multiply Group PJSC(a) | 15,212 | 11,969 | ||
| 52,613 | ||||
Total Common Stocks & Other Equity Interests (Cost $4,721,762) | 5,396,291 | |||
| Money Market Funds-0.69% | ||||
Invesco Government & Agency Portfolio, Institutional Class, 5.24%(g)(h) (Cost $37,184) | 37,184 | 37,184 | ||
TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-101.10% (Cost $4,758,946) | 5,433,475 | |||
| Shares | Value | |||
| Investments Purchased with Cash Collateral from Securities on Loan | ||||
| Money Market Funds-0.50% | ||||
Invesco Private Government Fund, 5.29%(g)(h)(i) | 7,756 | $7,756 | ||
Invesco Private Prime Fund, 5.52%(g)(h)(i) | 18,990 | 19,003 | ||
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $26,759) | 26,759 | |||
TOTAL INVESTMENTS IN SECURITIES-101.60% (Cost $4,785,705) | 5,460,234 | |||
OTHER ASSETS LESS LIABILITIES-(1.60)% | (85,746) | |||
NET ASSETS-100.00% | $5,374,488 | |||
| Investment Abbreviations: |
| ADR-American Depositary Receipt |
| CPO-Certificates of Ordinary Participation |
| NVDR-Non-Voting Depositary Receipt |
| Notes to Schedule of Investments: | |
| (a) | Non-income producing security. |
| (b) | All or a portion of this security was out on loan at January 31, 2024. |
| (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 January 31, 2024 was $84,869, which represented 1.58% of the Fund’s Net Assets. |
| (d) | Each CPO for Cemex S.A.B. de C.V. represents two Series A shares and one Series B share. |
| (e) | Each CPO for Fomento Economico Mexicano, S.A.B. de C.V. represents one Series B share and four Series D shares. |
| (f) | Security valued using significant unobservable inputs (Level 3). See Note 1. |
| (g) | 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 January 31, 2024. |
| Value October 31, 2023 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain | Value January 31, 2024 | Dividend Income | |||||||
| Investments in Affiliated Money Market Funds: | |||||||||||||
| Invesco Government & Agency Portfolio, Institutional Class | $5,499 | $54,380 | $(22,695) | $- | $- | $37,184 | $311 | ||||||
| Investments Purchased with Cash Collateral from Securities on Loan: | |||||||||||||
| Invesco Private Government Fund | 15,924 | 121,765 | (129,933) | - | - | 7,756 | 229* | ||||||
| Invesco Private Prime Fund | 41,945 | 179,719 | (202,688) | (1) | 28 | 19,003 | 550* | ||||||
| Total | $63,368 | $355,864 | $(355,316) | $(1) | $28 | $63,943 | $1,090 |
| * | Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from borrowers, if any. |
| (h) | The rate shown is the 7-day SEC standardized yield as of January 31, 2024. |
| (i) | The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return of the securities loaned. |
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments
Invesco S&P International Developed Low Volatility ETF (IDLV)
January 31, 2024
(Unaudited)
| Shares | Value | |||
| Common Stocks & Other Equity Interests-99.73% | ||||
| Australia-10.90% | ||||
ANZ Group Holdings Ltd. | 156,707 | $2,817,680 | ||
APA Group | 463,537 | 2,601,516 | ||
ASX Ltd. | 61,324 | 2,661,741 | ||
Brambles Ltd. | 289,828 | 2,804,890 | ||
Cochlear Ltd. | 12,138 | 2,443,095 | ||
Coles Group Ltd. | 302,022 | 3,176,459 | ||
Commonwealth Bank of Australia | 39,697 | 3,084,188 | ||
CSL Ltd. | 13,672 | 2,726,728 | ||
Lottery Corp. Ltd. (The) | 799,411 | 2,673,961 | ||
Medibank Pvt. Ltd. | 981,750 | 2,492,106 | ||
National Australia Bank Ltd. | 121,692 | 2,622,491 | ||
Orica Ltd. | 252,121 | 2,709,967 | ||
Seven Group Holdings Ltd. | 106,775 | 2,548,775 | ||
Steadfast Group Ltd. | 696,324 | 2,738,815 | ||
Suncorp Group Ltd. | 248,309 | 2,329,213 | ||
Telstra Group Ltd. | 1,353,020 | 3,613,433 | ||
Transurban Group | 338,588 | 3,023,858 | ||
Washington H Soul Pattinson & Co. Ltd. | 113,418 | 2,579,140 | ||
Wesfarmers Ltd. | 78,961 | 3,036,310 | ||
Westpac Banking Corp. | 178,002 | 2,845,218 | ||
Woolworths Group Ltd. | 129,361 | 3,079,363 | ||
| 58,608,947 | ||||
| Belgium-1.44% | ||||
Ackermans & van Haaren N.V.(a) | 16,518 | 2,779,322 | ||
Anheuser-Busch InBev S.A./N.V. | 37,793 | 2,360,939 | ||
Groupe Bruxelles Lambert N.V. | 33,997 | 2,599,819 | ||
| 7,740,080 | ||||
| Canada-16.64% | ||||
Alimentation Couche-Tard, Inc. | 40,854 | 2,408,950 | ||
Bank of Montreal(a) | 29,780 | 2,822,753 | ||
Bank of Nova Scotia (The) | 54,863 | 2,581,667 | ||
BCE, Inc. | 79,716 | 3,236,850 | ||
Canadian National Railway Co. | 21,679 | 2,706,204 | ||
Canadian Utilities Ltd., Class A(a) | 118,261 | 2,712,112 | ||
CCL Industries, Inc., Class B | 54,517 | 2,347,897 | ||
CGI, Inc., Class A(b) | 24,752 | 2,789,313 | ||
Choice Properties REIT(a) | 254,347 | 2,672,828 | ||
Dollarama, Inc. | 33,014 | 2,438,151 | ||
Emera, Inc.(a) | 68,266 | 2,427,542 | ||
Empire Co. Ltd., Class A | 85,835 | 2,238,308 | ||
Enbridge, Inc.(a) | 72,949 | 2,606,628 | ||
Fortis, Inc. | 64,335 | 2,597,380 | ||
George Weston Ltd. | 19,345 | 2,480,295 | ||
Great-West Lifeco, Inc. | 93,827 | 3,151,795 | ||
Hydro One Ltd.(c) | 88,859 | 2,653,699 | ||
Intact Financial Corp. | 18,395 | 2,894,764 | ||
Keyera Corp. | 97,101 | 2,363,478 | ||
Loblaw Cos. Ltd. | 29,121 | 2,928,338 | ||
Manulife Financial Corp. | 128,704 | 2,862,979 | ||
Metro, Inc. | 55,825 | 2,949,505 | ||
National Bank of Canada | 35,448 | 2,728,280 | ||
Pembina Pipeline Corp.(a) | 77,255 | 2,677,803 | ||
Power Corp. of Canada | 100,165 | 2,938,113 | ||
Restaurant Brands International, Inc. | 33,969 | 2,668,348 | ||
Royal Bank of Canada | 32,355 | 3,177,501 | ||
Sun Life Financial, Inc. | 60,669 | 3,164,569 | ||
TELUS Corp. | 137,766 | 2,482,995 | ||
Thomson Reuters Corp. | 17,215 | 2,571,974 | ||
TMX Group Ltd. | 126,619 | 3,151,141 | ||
| Shares | Value | |||
| Canada-(continued) | ||||
Toronto-Dominion Bank (The) | 42,058 | $2,570,919 | ||
WSP Global, Inc. | 16,629 | 2,458,287 | ||
| 89,461,366 | ||||
| China-0.46% | ||||
Wilmar International Ltd. | 999,576 | 2,468,366 | ||
| Denmark-0.93% | ||||
Carlsberg A/S, Class B | 20,820 | 2,698,001 | ||
Tryg A/S | 107,613 | 2,314,014 | ||
| 5,012,015 | ||||
| Finland-0.97% | ||||
Elisa OYJ | 62,406 | 2,864,066 | ||
Sampo OYJ | 55,900 | 2,355,079 | ||
| 5,219,145 | ||||
| France-3.50% | ||||
Air Liquide S.A. | 13,929 | 2,627,845 | ||
Bureau Veritas S.A. | 108,046 | 2,898,916 | ||
Danone S.A. | 46,369 | 3,109,742 | ||
ENGIE S.A. | 133,545 | 2,148,387 | ||
Orange S.A. | 241,805 | 2,888,743 | ||
Safran S.A. | 13,367 | 2,518,043 | ||
Vinci S.A. | 20,515 | 2,609,061 | ||
| 18,800,737 | ||||
| Germany-3.54% | ||||
Allianz SE | 10,081 | 2,713,532 | ||
Beiersdorf AG | 21,907 | 3,232,753 | ||
Deutsche Boerse AG | 11,787 | 2,365,472 | ||
Deutsche Telekom AG | 110,864 | 2,739,091 | ||
E.ON SE | 184,062 | 2,511,214 | ||
Henkel AG & Co. KGaA, Preference Shares(a) | 38,731 | 2,991,288 | ||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Class R | 5,863 | 2,510,536 | ||
| 19,063,886 | ||||
| Hong Kong-2.35% | ||||
CLP Holdings Ltd. | 302,456 | 2,404,636 | ||
HKT Trust & HKT Ltd. | 2,546,932 | 3,059,348 | ||
Jardine Matheson Holdings Ltd. | 56,957 | 2,295,367 | ||
MTR Corp. Ltd. | 635,290 | 2,064,200 | ||
Power Assets Holdings Ltd. | 483,919 | 2,835,203 | ||
| 12,658,754 | ||||
| Italy-1.87% | ||||
Assicurazioni Generali S.p.A. | 122,873 | 2,761,512 | ||
Enel S.p.A. | 329,058 | 2,266,523 | ||
Snam S.p.A. | 482,148 | 2,371,989 | ||
Terna S.p.A. | 312,950 | 2,661,067 | ||
| 10,061,091 | ||||
| Japan-27.87% | ||||
Activia Properties, Inc. | 994 | 2,733,628 | ||
Advance Residence Investment Corp.(a) | 1,054 | 2,343,424 | ||
AEON Co. Ltd. | 123,132 | 2,976,059 | ||
AEON Mall Co. Ltd. | 222,041 | 2,779,025 | ||
AGC, Inc. | 71,464 | 2,721,181 | ||
ANA Holdings, Inc.(a)(b) | 121,747 | 2,723,535 | ||
Asahi Kasei Corp. | 362,667 | 2,784,975 | ||
Bridgestone Corp. | 58,642 | 2,585,182 | ||
Canon, Inc. | 88,438 | 2,468,459 | ||
Central Japan Railway Co. | 101,972 | 2,576,245 | ||
Daiwa House Industry Co. Ltd. | 78,374 | 2,457,783 | ||
Daiwa House REIT Investment Corp. | 1,406 | 2,507,571 | ||
See accompanying notes which are an integral part of this schedule.
Invesco S&P International Developed Low Volatility ETF (IDLV)—(continued)
January 31, 2024
(Unaudited)
| Shares | Value | |||
| Japan-(continued) | ||||
Daiwa Office Investment Corp. | 592 | $2,547,412 | ||
East Japan Railway Co. | 46,029 | 2,657,984 | ||
Hankyu Hanshin Holdings, Inc. | 74,422 | 2,305,847 | ||
Haseko Corp. | 216,321 | 2,851,723 | ||
Hulic Co. Ltd.(a) | 244,249 | 2,736,992 | ||
Japan Metropolitan Fund Investment Corp. | 3,535 | 2,423,171 | ||
Japan Prime Realty Investment Corp. | 1,072 | 2,592,454 | ||
Japan Real Estate Investment Corp. | 607 | 2,350,347 | ||
Japan Tobacco, Inc. | 109,207 | 2,909,945 | ||
Kamigumi Co. Ltd. | 105,906 | 2,466,974 | ||
Kao Corp. | 61,080 | 2,449,886 | ||
KDDI Corp. | 84,862 | 2,842,957 | ||
Keikyu Corp. | 276,061 | 2,437,193 | ||
Kewpie Corp. | 155,707 | 2,797,773 | ||
Kintetsu Group Holdings Co. Ltd. | 81,057 | 2,528,612 | ||
Kirin Holdings Co. Ltd. | 203,299 | 2,952,651 | ||
Kyocera Corp. | 172,788 | 2,579,852 | ||
Kyushu Railway Co. | 130,137 | 2,890,746 | ||
McDonald’s Holdings Co. (Japan) Ltd.(a) | 84,741 | 3,802,982 | ||
Medipal Holdings Corp. | 145,340 | 2,345,525 | ||
Nagoya Railroad Co. Ltd. | 156,095 | 2,433,128 | ||
NH Foods Ltd. | 84,036 | 2,907,844 | ||
Nichirei Corp. | 101,834 | 2,487,069 | ||
Nippon Accommodations Fund, Inc. | 603 | 2,532,868 | ||
Nippon Building Fund, Inc. | 573 | 2,340,216 | ||
Nippon Express Holdings, Inc. | 42,266 | 2,544,779 | ||
Nippon Telegraph & Telephone Corp. | 2,362,525 | 3,011,038 | ||
Nomura Real Estate Master Fund, Inc. | 2,500 | 2,760,390 | ||
OBIC Co. Ltd. | 14,087 | 2,190,990 | ||
ORIX JREIT, Inc. | 1,956 | 2,282,836 | ||
Rinnai Corp. | 120,884 | 2,777,003 | ||
SECOM Co. Ltd. | 33,388 | 2,448,568 | ||
Sekisui Chemical Co. Ltd. | 157,971 | 2,287,837 | ||
Sekisui House Ltd.(a) | 118,202 | 2,706,496 | ||
Sekisui House REIT, Inc. | 4,383 | 2,353,792 | ||
Shionogi & Co. Ltd. | 52,003 | 2,529,443 | ||
SHO-BOND Holdings Co. Ltd.(a) | 66,280 | 2,988,551 | ||
Skylark Holdings Co. Ltd. | 160,426 | 2,644,409 | ||
SoftBank Corp. | 319,857 | 4,296,489 | ||
Sohgo Security Services Co. Ltd. | 396,640 | 2,188,948 | ||
Takeda Pharmaceutical Co. Ltd. | 89,823 | 2,680,403 | ||
Toho Co. Ltd.(a) | 68,629 | 2,261,576 | ||
Tokyu Corp. | 200,654 | 2,378,198 | ||
USS Co. Ltd. | 115,732 | 2,217,256 | ||
Yamada Holdings Co. Ltd. | 810,383 | 2,497,538 | ||
| 149,875,758 | ||||
| Netherlands-2.97% | ||||
EXOR N.V. | 23,411 | 2,285,159 | ||
Heineken N.V.(a) | 26,201 | 2,655,397 | ||
JDE Peet’s N.V.(a) | 96,759 | 2,402,689 | ||
Koninklijke Ahold Delhaize N.V. | 79,910 | 2,257,727 | ||
Koninklijke KPN N.V.(a) | 1,099,463 | 3,759,632 | ||
Wolters Kluwer N.V. | 17,771 | 2,634,963 | ||
| 15,995,567 | ||||
| New Zealand-2.08% | ||||
Auckland International Airport Ltd. | 532,831 | 2,766,547 | ||
Contact Energy Ltd. | 553,480 | 2,749,406 | ||
Infratil Ltd. | 394,974 | 2,568,630 | ||
Spark New Zealand Ltd. | 946,016 | 3,095,032 | ||
| 11,179,615 | ||||
| Shares | Value | |||
| Norway-0.90% | ||||
Orkla ASA | 310,461 | $2,449,461 | ||
Storebrand ASA | 266,639 | 2,417,871 | ||
| 4,867,332 | ||||
| Singapore-6.25% | ||||
CapitaLand Ascendas REIT | 1,153,045 | 2,519,468 | ||
CapitaLand Integrated Commercial Trust | 1,728,319 | 2,599,559 | ||
City Developments Ltd. | 513,100 | 2,345,973 | ||
DBS Group Holdings Ltd. | 127,691 | 3,046,200 | ||
Mapletree Industrial Trust | 1,647,485 | 3,020,420 | ||
Oversea-Chinese Banking Corp. Ltd. | 362,740 | 3,498,873 | ||
Singapore Airlines Ltd.(a) | 496,768 | 2,483,189 | ||
Singapore Exchange Ltd. | 481,845 | 3,392,945 | ||
Singapore Technologies Engineering Ltd. | 1,022,166 | 2,853,054 | ||
Singapore Telecommunications Ltd. | 1,393,510 | 2,502,656 | ||
United Overseas Bank Ltd. | 142,759 | 3,030,698 | ||
Venture Corp. Ltd. | 229,795 | 2,305,946 | ||
| 33,598,981 | ||||
| Spain-1.83% | ||||
Endesa S.A. | 108,720 | 2,168,264 | ||
Iberdrola S.A. | 225,935 | 2,742,596 | ||
Naturgy Energy Group S.A.(a) | 82,832 | 2,249,407 | ||
Redeia Corp. S.A. | 160,133 | 2,683,964 | ||
| 9,844,231 | ||||
| Sweden-1.80% | ||||
Essity AB, Class B | 90,197 | 2,136,126 | ||
Industrivarden AB, Class C(a) | 77,048 | 2,445,140 | ||
Investor AB, Class B | 115,420 | 2,746,885 | ||
L E Lundbergforetagen AB, Class B | 44,824 | 2,362,594 | ||
| 9,690,745 | ||||
| Switzerland-3.21% | ||||
Chocoladefabriken Lindt & Spruengli AG, PC | 235 | 3,013,347 | ||
Nestle S.A. | 25,431 | 2,921,815 | ||
Novartis AG | 24,633 | 2,567,104 | ||
SGS S.A. | 30,376 | 2,834,173 | ||
Swisscom AG | 5,292 | 3,184,392 | ||
Zurich Insurance Group AG | 5,342 | 2,734,362 | ||
| 17,255,193 | ||||
| United Kingdom-7.16% | ||||
British American Tobacco PLC | 82,815 | 2,466,201 | ||
Bunzl PLC | 71,365 | 2,921,786 | ||
Coca-Cola Europacific Partners PLC(a) | 40,196 | 2,769,504 | ||
Compass Group PLC | 112,214 | 3,112,340 | ||
Imperial Brands PLC | 103,876 | 2,511,354 | ||
Intertek Group PLC | 47,252 | 2,703,577 | ||
London Stock Exchange Group PLC | 23,183 | 2,639,893 | ||
National Grid PLC | 191,388 | 2,571,279 | ||
Reckitt Benckiser Group PLC | 40,876 | 2,971,218 | ||
RELX PLC | 69,206 | 2,874,814 | ||
Smiths Group PLC | 135,783 | 2,805,512 | ||
SSE PLC | 101,056 | 2,168,424 | ||
Tesco PLC | 730,300 | 2,665,383 | ||
Unilever PLC | 67,529 | 3,308,222 | ||
| 38,489,507 | ||||
| United States-3.06% | ||||
Ferrovial SE(a) | 79,476 | 3,056,975 | ||
GSK PLC | 127,440 | 2,544,684 | ||
Holcim AG(b) | 31,529 | 2,431,612 | ||
Qiagen N.V.(a)(b) | 57,972 | 2,544,390 | ||
See accompanying notes which are an integral part of this schedule.
Invesco S&P International Developed Low Volatility ETF (IDLV)—(continued)
January 31, 2024
(Unaudited)
| Shares | Value | |||
| United States-(continued) | ||||
Roche Holding AG | 10,036 | $2,890,827 | ||
Waste Connections, Inc. | 19,059 | 2,977,287 | ||
| 16,445,775 | ||||
TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-99.73% (Cost $527,912,230) | 536,337,091 | |||
| Investments Purchased with Cash Collateral from Securities on Loan | ||||
| Money Market Funds-7.83% | ||||
Invesco Private Government Fund, 5.29%(d)(e)(f) | 12,271,825 | 12,271,825 | ||
| Shares | Value | |||
| Money Market Funds-(continued) | ||||
Invesco Private Prime Fund, 5.52%(d)(e)(f) | 29,820,693 | $29,841,567 | ||
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $42,112,438) | 42,113,392 | |||
TOTAL INVESTMENTS IN SECURITIES-107.56% (Cost $570,024,668) | 578,450,483 | |||
OTHER ASSETS LESS LIABILITIES-(7.56)% | (40,669,685) | |||
NET ASSETS-100.00% | $537,780,798 | |||
| Investment Abbreviations: |
| PC-Participation Certificate |
| REIT-Real Estate Investment Trust |
| Notes to Schedule of Investments: | |
| (a) | All or a portion of this security was out on loan at January 31, 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 value of this security at January 31, 2024 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 January 31, 2024. |
| Value October 31, 2023 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation | Realized Gain | Value January 31, 2024 | Dividend Income | |||||||
| Investments in Affiliated Money Market Funds: | |||||||||||||
| Invesco Government & Agency Portfolio, Institutional Class | $- | $2,662,552 | $(2,662,552) | $- | $- | $- | $2,458 | ||||||
| Investments Purchased with Cash Collateral from Securities on Loan: | |||||||||||||
| Invesco Private Government Fund | 9,336,181 | 26,672,875 | (23,737,231) | - | - | 12,271,825 | 171,717* | ||||||
| Invesco Private Prime Fund | 24,014,475 | 65,955,403 | (60,150,279) | 735 | 21,233 | 29,841,567 | 451,982* | ||||||
| Total | $33,350,656 | $95,290,830 | $(86,550,062) | $735 | $21,233 | $42,113,392 | $626,157 |
| * | 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 January 31, 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
Invesco S&P International Developed Momentum ETF (IDMO)
January 31, 2024
(Unaudited)
| Shares | Value | |||
| Common Stocks & Other Equity Interests-99.94% | ||||
| Australia-4.59% | ||||
AGL Energy Ltd.(a) | 14,413 | $82,605 | ||
BHP Group Ltd. | 91,387 | 2,855,647 | ||
Brambles Ltd. | 30,347 | 293,691 | ||
Insurance Australia Group Ltd. | 60,860 | 242,998 | ||
Northern Star Resources Ltd. | 22,865 | 198,761 | ||
Origin Energy Ltd. | 31,656 | 178,291 | ||
Pilbara Minerals Ltd.(a) | 62,219 | 146,011 | ||
Pro Medicus Ltd. | 1,149 | 77,140 | ||
Qantas Airways Ltd.(b) | 17,967 | 66,037 | ||
QBE Insurance Group Ltd. | 37,205 | 389,821 | ||
Seven Group Holdings Ltd. | 5,635 | 134,510 | ||
Suncorp Group Ltd. | 28,602 | 268,295 | ||
Washington H Soul Pattinson & Co. Ltd. | 6,434 | 146,310 | ||
WiseTech Global Ltd. | 5,050 | 243,663 | ||
Woodside Energy Group Ltd. | 32,922 | 705,342 | ||
| 6,029,122 | ||||
| Austria-0.33% | ||||
Erste Group Bank AG | 8,326 | 362,217 | ||
voestalpine AG | 2,394 | 71,773 | ||
| 433,990 | ||||
| Belgium-0.40% | ||||
KBC Group N.V. | 7,281 | 478,336 | ||
Lotus Bakeries N.V.(a) | 6 | 51,423 | ||
| 529,759 | ||||
| Canada-5.60% | ||||
Constellation Software, Inc. | 405 | 1,126,397 | ||
Element Fleet Management Corp. | 10,182 | 172,844 | ||
Fairfax Financial Holdings Ltd. | 710 | 744,765 | ||
Great-West Lifeco, Inc. | 8,180 | 274,779 | ||
iA Financial Corp., Inc. | 2,298 | 157,208 | ||
Ivanhoe Mines Ltd., Class A(a)(b) | 13,671 | 144,379 | ||
Restaurant Brands International, Inc. | 11,176 | 877,902 | ||
Shopify, Inc., Class A(b) | 26,819 | 2,160,495 | ||
Stantec, Inc. | 3,162 | 255,672 | ||
Sun Life Financial, Inc. | 12,518 | 652,954 | ||
Teck Resources Ltd., Class B | 9,390 | 378,186 | ||
Thomson Reuters Corp. | 2,753 | 411,307 | ||
| 7,356,888 | ||||
| Chile-0.12% | ||||
Antofagasta PLC | 6,891 | 152,252 | ||
| Denmark-5.25% | ||||
Danske Bank A/S | 20,958 | 567,031 | ||
Novo Nordisk A/S, Class B | 56,047 | 6,328,546 | ||
| 6,895,577 | ||||
| Finland-0.70% | ||||
Nordea Bank Abp | 73,520 | 912,494 | ||
| France-7.10% | ||||
AXA S.A. | 36,990 | 1,252,022 | ||
BNP Paribas S.A. | 22,964 | 1,560,288 | ||
Cie de Saint-Gobain S.A. | 10,707 | 765,751 | ||
Credit Agricole S.A. | 28,447 | 411,348 | ||
Edenred SE | 4,349 | 261,810 | ||
ENGIE S.A. | 42,724 | 687,317 | ||
Hermes International S.C.A. | 899 | 1,911,868 | ||
Publicis Groupe S.A. | 6,209 | 627,916 | ||
Safran S.A. | 9,803 | 1,846,665 | ||
| 9,324,985 | ||||
| Shares | Value | |||
| Germany-13.86% | ||||
Allianz SE | 9,183 | $2,471,814 | ||
Bayerische Motoren Werke AG | 9,231 | 970,430 | ||
Bayerische Motoren Werke AG, Preference Shares | 1,854 | 182,762 | ||
Commerzbank AG | 24,614 | 285,551 | ||
Deutsche Lufthansa AG(b) | 16,472 | 138,633 | ||
E.ON SE | 57,213 | 780,575 | ||
Hannover Rueck SE | 1,869 | 451,111 | ||
Heidelberg Materials AG | 3,850 | 359,156 | ||
Infineon Technologies AG | 26,954 | 988,013 | ||
Mercedes-Benz Group AG | 16,427 | 1,121,485 | ||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Class R | 5,519 | 2,363,235 | ||
SAP SE | 25,911 | 4,525,850 | ||
Siemens AG | 18,763 | 3,397,158 | ||
Talanx AG | 2,329 | 164,569 | ||
| 18,200,342 | ||||
| Hong Kong-0.06% | ||||
Swire Pacific Ltd., Class A | 10,083 | 78,035 | ||
| Ireland-1.10% | ||||
AerCap Holdings N.V.(b) | 2,906 | 222,484 | ||
Flutter Entertainment PLC(b) | 5,855 | 1,214,218 | ||
| 1,436,702 | ||||
| Israel-0.06% | ||||
Global-e Online Ltd.(b) | 2,062 | 77,882 | ||
| Italy-5.98% | ||||
Assicurazioni Generali S.p.A. | 33,205 | 746,267 | ||
Banca Mediolanum S.p.A. | 5,387 | 55,555 | ||
Enel S.p.A. | 187,999 | 1,294,921 | ||
Ferrari N.V. | 3,513 | 1,235,239 | ||
Intesa Sanpaolo S.p.A. | 534,181 | 1,661,268 | ||
Leonardo S.p.A. | 7,566 | 133,182 | ||
Mediobanca Banca di Credito Finanziario S.p.A. | 21,590 | 288,461 | ||
Poste Italiane S.p.A.(c) | 11,328 | 123,850 | ||
UniCredit S.p.A. | 78,372 | 2,312,175 | ||
| 7,850,918 | ||||
| Japan-36.48% | ||||
ABC-MART, Inc.(a) | 2,817 | 49,479 | ||
Advantest Corp. | 33,304 | 1,326,692 | ||
Ajinomoto Co., Inc. | 18,564 | 773,040 | ||
Alfresa Holdings Corp. | 5,144 | 85,373 | ||
Amada Co. Ltd. | 8,677 | 95,273 | ||
ANA Holdings, Inc.(b) | 4,560 | 102,009 | ||
ASICS Corp. | 5,626 | 174,313 | ||
Capcom Co. Ltd. | 5,436 | 209,928 | ||
Chiba Bank Ltd. (The) | 15,159 | 114,075 | ||
Chubu Electric Power Co., Inc. | 16,770 | 219,986 | ||
Concordia Financial Group Ltd. | 32,191 | 155,851 | ||
Dai Nippon Printing Co. Ltd. | 5,169 | 151,773 | ||
Daiwa Securities Group, Inc. | 33,419 | 243,255 | ||
Denso Corp. | 47,214 | 756,135 | ||
Disco Corp. | 3,860 | 1,066,303 | ||
Eisai Co. Ltd. | 5,948 | 284,755 | ||
Fukuoka Financial Group, Inc. | 4,905 | 122,512 | ||
GOLDWIN, Inc. | 824 | 56,360 | ||
Hankyu Hanshin Holdings, Inc. | 5,151 | 159,596 | ||
Hikari Tsushin, Inc. | 618 | 109,331 | ||
Hitachi Construction Machinery Co. Ltd. | 2,600 | 75,310 | ||
Hitachi Ltd. | 23,162 | 1,849,949 | ||
Honda Motor Co. Ltd. | 121,498 | 1,392,645 | ||
See accompanying notes which are an integral part of this schedule.
Invesco S&P International Developed Momentum ETF (IDMO)—(continued)
January 31, 2024
(Unaudited)
| Shares | Value | |||
| Japan-(continued) | ||||
Hoshizaki Corp. | 2,963 | $109,338 | ||
IBIDEN Co. Ltd. | 5,587 | 288,342 | ||
Isetan Mitsukoshi Holdings Ltd. | 8,975 | 106,343 | ||
Isuzu Motors Ltd. | 12,523 | 174,127 | ||
ITOCHU Corp.(a) | 43,854 | 2,025,669 | ||
Japan Airlines Co. Ltd. | 3,374 | 65,633 | ||
Japan Tobacco, Inc. | 38,444 | 1,024,384 | ||
JFE Holdings, Inc. | 16,587 | 265,925 | ||
JTEKT Corp. | 5,397 | 50,306 | ||
Kajima Corp. | 15,558 | 281,412 | ||
Kamigumi Co. Ltd. | 2,138 | 49,803 | ||
Kansai Electric Power Co., Inc. (The) | 20,621 | 285,033 | ||
Kawasaki Heavy Industries Ltd. | 3,573 | 82,349 | ||
Keisei Electric Railway Co. Ltd. | 6,329 | 290,006 | ||
Komatsu Ltd. | 22,962 | 666,829 | ||
Kuraray Co. Ltd. | 8,393 | 89,112 | ||
Lawson, Inc. | 1,725 | 99,682 | ||
Marubeni Corp. | 73,830 | 1,283,660 | ||
MatsukiyoCocokara & Co. | 12,355 | 227,575 | ||
McDonald’s Holdings Co. (Japan) Ltd.(a) | 1,870 | 83,921 | ||
Medipal Holdings Corp. | 4,566 | 73,687 | ||
Mitsubishi Corp. | 187,665 | 3,293,044 | ||
Mitsubishi Electric Corp. | 73,305 | 1,104,778 | ||
Mitsubishi HC Capital, Inc. | 42,059 | 302,405 | ||
Mitsubishi Heavy Industries Ltd. | 6,891 | 468,687 | ||
Mitsubishi UFJ Financial Group, Inc. | 393,818 | 3,758,345 | ||
Mitsui & Co. Ltd. | 67,101 | 2,768,504 | ||
Mitsui Chemicals, Inc. | 5,489 | 164,248 | ||
Mizuho Financial Group, Inc. | 92,168 | 1,703,697 | ||
NEC Corp. | 7,874 | 522,509 | ||
Nichirei Corp. | 3,437 | 83,941 | ||
Nippon Sanso Holdings Corp. | 5,841 | 150,645 | ||
Nippon Steel Corp.(a) | 35,886 | 876,436 | ||
Nissin Foods Holdings Co. Ltd. | 4,953 | 161,932 | ||
Obayashi Corp. | 20,080 | 188,128 | ||
Oriental Land Co. Ltd. | 26,348 | 991,734 | ||
Otsuka Corp. | 2,893 | 123,379 | ||
Pan Pacific International Holdings Corp. | 10,087 | 221,303 | ||
Panasonic Holdings Corp. | 82,472 | 794,676 | ||
Pola Orbis Holdings, Inc. | 1,391 | 14,578 | ||
Renesas Electronics Corp.(b) | 61,315 | 1,036,912 | ||
Resona Holdings, Inc. | 61,209 | 343,323 | ||
Rohto Pharmaceutical Co. Ltd. | 5,160 | 107,242 | ||
Sanwa Holdings Corp. | 5,903 | 91,892 | ||
SCREEN Holdings Co. Ltd. | 2,770 | 277,995 | ||
Sega Sammy Holdings, Inc. | 2,882 | 43,001 | ||
Sekisui House Ltd.(a) | 15,159 | 347,099 | ||
Shimizu Corp. | 15,857 | 107,341 | ||
Shin-Etsu Chemical Co. Ltd. | 47,980 | 1,928,391 | ||
Shinko Electric Industries Co. Ltd. | 1,769 | 66,924 | ||
Shizuoka Financial Group, Inc. | 15,555 | 144,137 | ||
Sojitz Corp. | 9,832 | 235,685 | ||
Sumitomo Corp. | 49,015 | 1,145,108 | ||
Sumitomo Electric Industries Ltd. | 16,624 | 224,724 | ||
Sumitomo Forestry Co. Ltd. | 8,328 | 249,769 | ||
Sumitomo Mitsui Financial Group, Inc. | 53,409 | 2,813,404 | ||
Sumitomo Mitsui Trust Holdings, Inc. | 15,440 | 321,211 | ||
Sundrug Co. Ltd. | 1,460 | 44,527 | ||
T&D Holdings, Inc. | 14,474 | 244,080 | ||
Taisei Corp. | 3,905 | 143,858 | ||
Tobu Railway Co. Ltd. | 3,571 | 95,740 | ||
Tokio Marine Holdings, Inc. | 38,303 | 1,029,798 | ||
| Shares | Value | |||
| Japan-(continued) | ||||
Tokyo Gas Co. Ltd. | 7,170 | $166,822 | ||
TOPPAN Holdings, Inc. | 9,375 | 262,250 | ||
Toyo Seikan Group Holdings Ltd. | 5,635 | 90,881 | ||
Toyota Boshoku Corp. | 2,118 | 35,535 | ||
Toyota Tsusho Corp. | 10,131 | 678,242 | ||
Tsuruha Holdings, Inc. | 962 | 76,999 | ||
Yamaha Motor Co. Ltd. | 36,576 | 352,060 | ||
Yokohama Rubber Co. Ltd. (The) | 4,332 | 104,288 | ||
Zensho Holdings Co. Ltd. | 3,814 | 189,089 | ||
| 47,888,375 | ||||
| Netherlands-1.10% | ||||
EXOR N.V. | 2,140 | 208,887 | ||
ING Groep N.V. | 85,673 | 1,227,492 | ||
| 1,436,379 | ||||
| Singapore-1.26% | ||||
Jardine Cycle & Carriage Ltd. | 2,055 | 39,997 | ||
Keppel Ltd. | 56,437 | 302,382 | ||
Oversea-Chinese Banking Corp. Ltd. | 95,250 | 918,751 | ||
Sembcorp Industries Ltd. | 39,208 | 166,356 | ||
Singapore Airlines Ltd.(a) | 44,197 | 220,927 | ||
| 1,648,413 | ||||
| Spain-3.91% | ||||
Banco Bilbao Vizcaya Argentaria S.A. | 208,048 | 1,960,709 | ||
Banco Santander S.A. | 423,035 | 1,716,544 | ||
Industria de Diseno Textil S.A. | 33,833 | 1,459,387 | ||
| 5,136,640 | ||||
| Sweden-1.25% | ||||
Saab AB, Class B | 2,063 | 134,334 | ||
SSAB AB, Class A | 4,187 | 32,881 | ||
SSAB AB, Class B(a) | 13,733 | 106,064 | ||
Swedbank AB, Class A(a) | 24,478 | 504,137 | ||
Volvo AB, Class B | 35,899 | 868,259 | ||
| 1,645,675 | ||||
| Switzerland-1.10% | ||||
ABB Ltd. | 33,827 | 1,446,771 | ||
| United Kingdom-5.93% | ||||
3i Group PLC | 30,893 | 975,256 | ||
BAE Systems PLC | 53,911 | 808,046 | ||
Centrica PLC | 160,437 | 282,865 | ||
HSBC Holdings PLC | 407,443 | 3,207,584 | ||
Informa PLC | 27,308 | 270,344 | ||
Melrose Industries PLC | 29,077 | 218,762 | ||
Rolls-Royce Holdings PLC(b) | 251,681 | 965,356 | ||
Sage Group PLC (The) | 24,890 | 373,381 | ||
Standard Chartered PLC | 40,039 | 305,314 | ||
Subsea 7 S.A. | 5,777 | 78,755 | ||
Whitbread PLC(a) | 4,255 | 194,850 | ||
Wise PLC, Class A(b) | 10,043 | 103,568 | ||
| 7,784,081 | ||||
| United States-3.76% | ||||
CRH PLC | 20,280 | 1,452,430 | ||
Flex Ltd.(b) | 12,327 | 292,643 | ||
Holcim AG(b) | 15,175 | 1,170,342 | ||
Stellantis N.V. | 54,539 | 1,214,186 | ||
Swiss Re AG | 6,983 | 806,686 | ||
| 4,936,287 | ||||
Total Common Stocks & Other Equity Interests (Cost $117,410,357) | 131,201,567 | |||
See accompanying notes which are an integral part of this schedule.
Invesco S&P International Developed Momentum ETF (IDMO)—(continued)
January 31, 2024
(Unaudited)
| Shares | Value | |||
| Money Market Funds-0.01% | ||||
Invesco Government & Agency Portfolio, Institutional Class, 5.24%(d)(e) (Cost $12,166) | 12,166 | $12,166 | ||
TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-99.95% (Cost $117,422,523) | 131,213,733 | |||
| Investments Purchased with Cash Collateral from Securities on Loan | ||||
| Money Market Funds-2.22% | ||||
Invesco Private Government Fund, 5.29%(d)(e)(f) | 816,261 | 816,261 | ||
| Shares | Value | |||
| Money Market Funds-(continued) | ||||
Invesco Private Prime Fund, 5.52%(d)(e)(f) | 2,097,486 | $2,098,954 | ||
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $2,915,008) | 2,915,215 | |||
TOTAL INVESTMENTS IN SECURITIES-102.17% (Cost $120,337,531) | 134,128,948 | |||
OTHER ASSETS LESS LIABILITIES-(2.17)% | (2,846,823) | |||
NET ASSETS-100.00% | $131,282,125 | |||
| Notes to Schedule of Investments: | |
| (a) | All or a portion of this security was out on loan at January 31, 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 value of this security at January 31, 2024 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 January 31, 2024. |
| Value October 31, 2023 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation | Realized Gain | Value January 31, 2024 | Dividend Income | |||||||
| Investments in Affiliated Money Market Funds: | |||||||||||||
| Invesco Government & Agency Portfolio, Institutional Class | $- | $3,082,687 | $(3,070,521) | $- | $- | $12,166 | $1,373 | ||||||
| Investments Purchased with Cash Collateral from Securities on Loan: | |||||||||||||
| Invesco Private Government Fund | 1,058,661 | 1,347,051 | (1,589,451) | - | - | 816,261 | 10,568* | ||||||
| Invesco Private Prime Fund | 2,722,975 | 3,421,300 | (4,046,593) | 146 | 1,126 | 2,098,954 | 27,946* | ||||||
| Total | $3,781,636 | $7,851,038 | $(8,706,565) | $146 | $1,126 | $2,927,381 | $39,887 |
| * | 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 January 31, 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
January 31, 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 January 31, 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 S&P Emerging Markets Low Volatility ETF | |||||||
| Investments in Securities | |||||||
| Common Stocks & Other Equity Interests | $707,178,215 | $3,460,872 | $678,375 | $711,317,462 | |||
| Money Market Funds | 1,681,275 | 12,096,979 | - | 13,778,254 | |||
| Total Investments | $708,859,490 | $15,557,851 | $678,375 | $725,095,716 | |||
| Invesco S&P Emerging Markets Momentum ETF | |||||||
| Investments in Securities | |||||||
| Common Stocks & Other Equity Interests | $5,396,291 | $- | $0 | $5,396,291 | |||
| Money Market Funds | 37,184 | 26,759 | - | 63,943 | |||
| Total Investments | $5,433,475 | $26,759 | $0 | $5,460,234 | |||
| Invesco S&P International Developed Low Volatility ETF | |||||||
| Investments in Securities | |||||||
| Common Stocks & Other Equity Interests | $536,337,091 | $- | $- | $536,337,091 | |||
| Money Market Funds | - | 42,113,392 | - | 42,113,392 | |||
| Total Investments | $536,337,091 | $42,113,392 | $- | $578,450,483 | |||
| Invesco S&P International Developed Momentum ETF | |||||||
| Investments in Securities | |||||||
| Common Stocks & Other Equity Interests | $131,201,567 | $- | $- | $131,201,567 | |||
| Money Market Funds | 12,166 | 2,915,215 | - | 2,927,381 | |||
| Total Investments | $131,213,733 | $2,915,215 | $- | $134,128,948 |