Schedule of Investments(a)
Invesco Active U.S. Real Estate ETF (PSR)
July 31, 2020
(Unaudited)
Shares | Value | |||
Common Stocks & Other Equity Interests-100.01% | ||||
Apartments-9.71% | ||||
American Campus Communities, Inc. | 15,151 | $539,982 | ||
Apartment Investment & Management Co., Class A | 14,782 | 573,837 | ||
AvalonBay Communities, Inc. | 11,883 | 1,819,525 | ||
Camden Property Trust | 8,565 | 777,788 | ||
Equity Residential | 31,827 | 1,706,882 | ||
Essex Property Trust, Inc. | 6,038 | 1,332,828 | ||
Mid-America Apartment Communities, Inc. | 10,308 | 1,228,610 | ||
UDR, Inc. | 26,755 | 968,531 | ||
8,947,983 | ||||
Data Centers-11.39% | ||||
CoreSite Realty Corp. | 4,806 | 620,214 | ||
CyrusOne, Inc. | 11,661 | 972,761 | ||
Digital Realty Trust, Inc. | 24,028 | 3,857,455 | ||
Equinix, Inc. | 5,706 | 4,481,949 | ||
QTS Realty Trust, Inc., Class A | 7,853 | 565,023 | ||
10,497,402 | ||||
Diversified-3.56% | ||||
JBG SMITH Properties | 13,592 | 394,304 | ||
VEREIT, Inc. | 117,554 | 765,276 | ||
Vornado Realty Trust | 18,586 | 641,589 | ||
Washington REIT | 13,968 | 312,324 | ||
WP Carey, Inc. | 16,388 | 1,169,612 | ||
3,283,105 | ||||
Free Standing-3.20% | ||||
National Retail Properties, Inc. | 18,467 | 654,655 | ||
Realty Income Corp. | 28,700 | 1,723,435 | ||
STORE Capital Corp. | 24,273 | 575,028 | ||
2,953,118 | ||||
Health Care-9.88% | ||||
CareTrust REIT, Inc. | 17,291 | 311,584 | ||
Healthcare Realty Trust, Inc. | 14,085 | 412,691 | ||
Healthcare Trust of America, Inc., Class A | 21,354 | 589,584 | ||
Healthpeak Properties, Inc. | 50,522 | 1,378,745 | ||
Medical Properties Trust, Inc. | 47,657 | 959,336 | ||
National Health Investors, Inc. | 6,861 | 425,382 | ||
Omega Healthcare Investors, Inc. | 23,078 | 747,266 | ||
Physicians Realty Trust | 21,485 | 387,589 | ||
Sabra Health Care REIT, Inc. | 35,228 | 519,261 | ||
Ventas, Inc. | 34,801 | 1,334,966 | ||
Welltower, Inc. | 38,222 | 2,047,170 | ||
9,113,574 | ||||
Industrial-12.60% | ||||
Americold Realty Trust | 18,211 | 734,814 | ||
Duke Realty Corp. | 34,446 | 1,384,385 | ||
EastGroup Properties, Inc. | 3,811 | 505,567 | ||
First Industrial Realty Trust, Inc. | 13,435 | 590,065 | ||
Prologis, Inc. | 63,277 | 6,670,661 | ||
PS Business Parks, Inc. | 2,406 | 331,908 | ||
Rexford Industrial Realty, Inc. | 10,859 | 509,613 | ||
STAG Industrial, Inc. | 17,736 | 578,193 | ||
Terreno Realty Corp. | 5,151 | 312,975 | ||
11,618,181 | ||||
Infrastructure REITs-20.49% | ||||
American Tower Corp. | 32,747 | 8,559,738 |
Shares | Value | |||
Infrastructure REITs-(continued) | ||||
Crown Castle International Corp. | 38,778 | $6,464,293 | ||
SBA Communications Corp., Class A | 12,416 | 3,868,081 | ||
18,892,112 | ||||
Lodging Resorts-1.42% | ||||
Host Hotels & Resorts, Inc. | 71,901 | 775,093 | ||
RLJ Lodging Trust | 28,532 | 228,541 | ||
Sunstone Hotel Investors, Inc. | 40,769 | 304,952 | ||
1,308,586 | ||||
Manufactured Homes-2.48% | ||||
Equity LifeStyle Properties, Inc. | 15,188 | 1,037,644 | ||
Sun Communities, Inc. | 8,303 | 1,244,869 | ||
2,282,513 | ||||
Office-6.93% | ||||
Alexandria Real Estate Equities, Inc. | 9,919 | 1,761,118 | ||
Boston Properties, Inc. | 13,541 | 1,206,368 | ||
Corporate Office Properties Trust | 17,058 | 451,696 | ||
Cousins Properties, Inc. | 9,972 | 306,340 | ||
Douglas Emmett, Inc. | 17,000 | 495,380 | ||
Highwoods Properties, Inc. | 12,854 | 492,822 | ||
Hudson Pacific Properties, Inc. | 15,077 | 355,365 | ||
Kilroy Realty Corp. | 9,890 | 576,290 | ||
Piedmont Office Realty Trust, Inc., Class A | 22,160 | 359,214 | ||
SL Green Realty Corp. | 8,253 | 383,764 | ||
6,388,357 | ||||
Regional Malls-1.86% | ||||
Simon Property Group, Inc. | 27,529 | 1,716,433 | ||
Self Storage-5.02% | ||||
CubeSmart | 18,250 | 541,477 | ||
Extra Space Storage, Inc. | 10,855 | 1,121,756 | ||
Life Storage, Inc. | 4,640 | 455,323 | ||
Public Storage | 12,541 | 2,506,695 | ||
4,625,251 | ||||
Shopping Centers-3.49% | ||||
Brixmor Property Group, Inc. | 41,566 | 478,425 | ||
Federal Realty Investment Trust | 6,893 | 525,936 | ||
Kimco Realty Corp. | 49,847 | 555,794 | ||
Regency Centers Corp. | 17,758 | 728,611 | ||
Retail Properties of America, Inc., Class A | 41,037 | 260,995 | ||
SITE Centers Corp. | 41,563 | 304,657 | ||
Weingarten Realty Investors | 21,284 | 363,105 | ||
3,217,523 | ||||
Single Family Homes-2.34% | ||||
American Homes 4 Rent, Class A | 23,489 | 681,181 | ||
Invitation Homes, Inc. | 49,619 | 1,479,639 | ||
2,160,820 | ||||
Specialty-2.64% | ||||
Gaming and Leisure Properties, Inc. | 19,170 | 694,146 | ||
Lamar Advertising Co., Class A | 9,234 | 606,951 | ||
Outfront Media, Inc. | 12,507 | 180,226 | ||
VICI Properties, Inc. | 44,012 | 955,500 | ||
2,436,823 | ||||
Timber REITs-3.00% | ||||
PotlatchDeltic Corp. | 9,221 | 394,751 |
See accompanying notes which are an integral part of this schedule.
Invesco Active U.S. Real Estate ETF (PSR)—(continued)
July 31, 2020
(Unaudited)
Shares | Value | |||
Timber REITs-(continued) | ||||
Rayonier, Inc. | 13,192 | $366,474 | ||
Weyerhaeuser Co. | 72,073 | 2,004,350 | ||
2,765,575 | ||||
Total Common Stocks & Other Equity Interests (Cost $97,233,329) | 92,207,356 | |||
TOTAL INVESTMENTS IN SECURITIES-100.01% (Cost $97,233,329) | 92,207,356 | |||
OTHER ASSETS LESS LIABILITIES-(0.01)% | (12,947) | |||
NET ASSETS-100.00% | $92,194,409 |
Investment Abbreviations: | |
REIT | -Real Estate Investment Trust |
Notes to Schedule of Investments: | |
(a) | Property type classifications used in this report are generally according to FSTE National Association of Real Estate Investment Trusts ("NAREIT") Equity REITs Index, which is exclusively owned by NAREIT. |
Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the nine months ended July 31, 2020. |
Value October 31, 2019 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation | Realized Gain (Loss) | Value July 31, 2020 | Dividend Income | |||||||
Investments in Affiliated Money Market Funds: | |||||||||||||
Invesco Premier U.S. Government Money Portfolio, Institutional Class | $11,713 | $3,920,982 | $(3,932,695) | $- | $- | $- | $463 | ||||||
Investments Purchased with Cash Collateral from Securities on Loan: | |||||||||||||
Invesco Government & Agency Portfolio, Institutional Class | 935,723 | 11,727,641 | (12,663,364) | - | - | - | 2,028 | ||||||
Invesco Liquid Assets Portfolio, Institutional Class | 311,908 | 2,610,152 | (2,921,834) | - | (226) | - | 824 | ||||||
Invesco Private Government Fund | - | 2,353,861 | (2,353,861) | - | - | - | 6 | ||||||
Total | $1,259,344 | $20,612,636 | $(21,871,754) | $- | $(226) | $- | $3,321 |
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 Balanced Multi-Asset Allocation ETF (PSMB)
July 31, 2020
(Unaudited)
Schedule of Investments in Affiliated Issuers- 109.51%(a) | |||||||||||||||||
% of Net Assets 07/31/20 | Value 10/31/19 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Dividend Income | Shares 07/31/20 | Value 07/31/20 | |||||||||
Domestic Equity Funds-52.27% | |||||||||||||||||
Invesco Preferred ETF | 2.84% | $- | $226,008 | $- | $5,950 | $- | $825 | 15,758 | $231,958 | ||||||||
Invesco RAFI™ Strategic US ETF | 8.97% | 596,435 | 568,542 | (430,076) | 25,268 | (26,721) | 11,486 | 27,856 | 733,448 | ||||||||
Invesco RAFI™ Strategic US Small Company ETF | 8.08% | 319,581 | 397,871 | (55,192) | 7,449 | (9,767) | 3,476 | 30,052 | 659,942 | ||||||||
Invesco Russell 1000 Dynamic Multifactor ETF | 9.44% | - | 761,284 | - | 9,761 | - | - | 25,330 | 771,045 | ||||||||
Invesco S&P 500® Low Volatility ETF | 6.05% | 319,168 | 346,396 | (148,336) | (1,751) | (20,812) | 7,427 | 9,286 | 494,665 | ||||||||
Invesco S&P 500® Pure Growth ETF | 9.35% | 506,192 | 505,542 | (342,091) | 105,317 | (10,689) | 3,593 | 5,539 | 764,271 | ||||||||
Invesco S&P MidCap Low Volatility ETF(b) | 4.02% | 91,816 | 259,454 | (8,018) | (13,542) | (1,416) | 2,431 | 7,674 | 328,294 | ||||||||
Invesco S&P SmallCap Low Volatility ETF | 3.52% | - | 279,913 | - | 7,669 | - | - | 8,377 | 287,582 | ||||||||
Total Domestic Equity Funds | 1,833,192 | 3,345,010 | (983,713) | 146,121 | (69,405) | 29,238 | 4,271,205 | ||||||||||
Fixed Income Funds-37.21% | |||||||||||||||||
Invesco 1-30 Laddered Treasury ETF(b) | 6.04% | - | 484,023 | - | 9,885 | - | 196 | 12,271 | 493,908 | ||||||||
Invesco Corporate Income Defensive ETF | - | 122,030 | 43,238 | (165,575) | (212) | 519 | 1,726 | - | - | ||||||||
Invesco Corporate Income Value ETF | - | 69,225 | 24,801 | (95,294) | 802 | 466 | 1,137 | - | - | ||||||||
Invesco Emerging Markets Sovereign Debt ETF | - | 159,979 | 126,778 | (269,351) | 915 | (18,321) | 6,742 | - | - | ||||||||
Invesco Fundamental High Yield® Corporate Bond ETF | 2.24% | - | 365,598 | (172,251) | 1,965 | (12,394) | 4,836 | 9,668 | 182,918 | ||||||||
Invesco Investment Grade Defensive ETF | 7.67% | 257,289 | 443,389 | (82,378) | 12,860 | (3,982) | 5,161 | 22,848 | 627,178 | ||||||||
Invesco Investment Grade Value ETF | 4.20% | 144,080 | 219,106 | (26,873) | 10,190 | (3,223) | 4,466 | 12,066 | 343,280 | ||||||||
Invesco PureBetaSM 0-5 Yr US TIPS ETF | 2.49% | - | 202,344 | - | 1,365 | - | - | 7,945 | 203,709 | ||||||||
Invesco Senior Loan ETF | - | 79,914 | 59,014 | (132,846) | 1,965 | (8,047) | 2,659 | - | - | ||||||||
Invesco Taxable Municipal Bond ETF | 5.13% | 282,660 | 276,452 | (149,569) | 18,062 | (8,795) | 9,019 | 12,472 | 418,810 | ||||||||
Invesco Variable Rate Investment Grade ETF | 9.44% | 574,643 | 601,147 | (383,609) | 556 | (21,627) | 11,788 | 31,249 | 771,110 | ||||||||
Total Fixed Income Funds | 1,689,820 | 2,845,890 | (1,477,746) | 58,353 | (75,404) | 47,730 | 3,040,913 | ||||||||||
Foreign Equity Funds-10.51% | |||||||||||||||||
Invesco RAFI™ Strategic Developed ex-US ETF | 3.96% | 338,025 | 335,228 | (300,473) | (4,789) | (44,451) | 8,268 | 14,693 | 323,540 | ||||||||
Invesco RAFI™ Strategic Emerging Markets ETF | 1.99% | 89,460 | 106,194 | (25,671) | (3,486) | (3,512) | 1,825 | 6,912 | 162,985 | ||||||||
Invesco S&P Emerging Markets Low Volatility ETF | - | 50,608 | 41,828 | (81,407) | 85 | (11,114) | 1,577 | - | - | ||||||||
Invesco S&P International Developed Low Volatility ETF | 4.56% | 243,857 | 260,952 | (67,371) | (48,876) | (16,056) | 12,032 | 13,526 | 372,506 | ||||||||
Total Foreign Equity Funds | 721,950 | 744,202 | (474,922) | (57,066) | (75,133) | 23,702 | 859,031 | ||||||||||
Money Market Funds-0.00% | |||||||||||||||||
Invesco Premier U.S. Government Money Portfolio, Institutional Class, 0.03%(c) | - | 1,464 | 190,034 | (191,459) | - | - | 45 | 39 | 39 | ||||||||
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (excluding investments purchased with cash collateral from securities on loan)-99.99% (Cost $7,989,135) | 99.99% | 4,246,426 | 7,125,136 | (3,127,840) | 147,408 | (219,942) | 100,715 | 8,171,188 |
See accompanying notes which are an integral part of this schedule.
Invesco Balanced Multi-Asset Allocation ETF (PSMB)—(continued)
July 31, 2020
(Unaudited)
Schedule of Investments in Affiliated Issuers- 109.51%(a) | |||||||||||||||||
% of Net Assets 07/31/20 | Value 10/31/19 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Dividend Income | Shares 07/31/20 | Value 07/31/20 | |||||||||
Investments Purchased with Cash Collateral from Securities on Loan | |||||||||||||||||
Money Market Funds-9.52% | |||||||||||||||||
Invesco Government & Agency Portfolio, Institutional Class, 0.07%(c) | - | $917,158 | $6,769,761 | $(7,686,919) | $- | $- | $3,624 | - | $- | ||||||||
Invesco Liquid Assets Portfolio, Institutional Class, 0.22%(c) | - | 305,719 | 1,851,282 | (2,156,871) | (9) | (121) | 1,380 | - | - | ||||||||
Invesco Private Government Fund, 0.06%(c)(d) | 7.14% | - | 4,886,369 | (4,302,393) | - | - | 36 | 583,976 | 583,976 | ||||||||
Invesco Private Prime Fund, 0.15%(c)(d) | 2.38% | - | 868,913 | (674,760) | - | 18 | 17 | 194,132 | 194,171 | ||||||||
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $778,147) | 9.52% | 1,222,877 | 14,376,325 | (14,820,943) | (9) | (103) | 5,057 | 778,147 | |||||||||
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (Cost $8,767,282) | 109.51% | $5,469,303 | $21,501,461 | $(17,948,783) | $147,399 | $(220,045)(e) | $105,772 | $8,949,335 | |||||||||
OTHER ASSETS LESS LIABILITIES | (9.51)% | (776,942) | |||||||||||||||
NET ASSETS | 100.00% | $8,172,393 |
Investment Abbreviations: | |
ETF- | Exchange-Traded Fund |
Notes to Schedule of Investments: | |
(a) | Each underlying fund and the Fund are affiliated by either having the same investment adviser or an investment adviser under common control with the Fund’s investment adviser. |
(b) | All or a portion of this security was out on loan at July 31, 2020. |
(c) | The rate shown is the 7-day SEC standardized yield as of July 31, 2020. |
(d) | 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. |
(e) | Includes capital gains distributions from affiliated underlying funds as follows: |
Fund Name | Capital Gain |
Invesco Corporate Income Defensive ETF | $521 |
Invesco Investment Grade Defensive ETF | 222 |
Invesco Investment Grade Value ETF | 846 |
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 Conservative Multi-Asset Allocation ETF (PSMC)
July 31, 2020
(Unaudited)
Schedule of Investments in Affiliated Issuers- 114.79%(a) | |||||||||||||||||
% of Net Assets 07/31/20 | Value 10/31/19 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Dividend Income | Shares 07/31/20 | Value 07/31/20 | |||||||||
Domestic Equity Funds-24.20% | |||||||||||||||||
Invesco Preferred ETF | 6.17% | $302,057 | $346,403 | $(171,175) | $11,013 | $(10,237) | $15,753 | 32,477 | $478,061 | ||||||||
Invesco RAFI™ Strategic US ETF | 4.97% | 268,579 | 323,434 | (215,410) | 24,247 | (15,405) | 5,647 | 14,639 | 385,445 | ||||||||
Invesco Russell 1000 Dynamic Multifactor ETF | 4.46% | - | 339,007 | - | 6,487 | - | - | 11,350 | 345,494 | ||||||||
Invesco S&P 500® Low Volatility ETF | 2.52% | 130,799 | 162,403 | (93,463) | 6,551 | (11,322) | 3,254 | 3,660 | 194,968 | ||||||||
Invesco S&P 500® Pure Growth ETF | 6.08% | 230,813 | 274,874 | (97,947) | 68,186 | (4,310) | 1,746 | 3,418 | 471,616 | ||||||||
Total Domestic Equity Funds | 932,248 | 1,446,121 | (577,995) | 116,484 | (41,274) | 26,400 | 1,875,584 | ||||||||||
Fixed Income Funds-73.86% | |||||||||||||||||
Invesco 1-30 Laddered Treasury ETF(b) | 3.52% | - | 266,928 | (675) | 6,273 | 7 | 130 | 6,771 | 272,533 | ||||||||
Invesco Corporate Income Defensive ETF | - | 213,772 | 71,803 | (286,289) | (2,249) | 2,963 | 2,994 | - | - | ||||||||
Invesco Corporate Income Value ETF | - | 120,127 | 40,869 | (163,214) | 1,638 | 580 | 1,954 | - | - | ||||||||
Invesco Emerging Markets Sovereign Debt ETF(b) | 7.82% | 227,496 | 398,922 | (24,824) | 6,288 | (1,485) | 12,312 | 21,805 | 606,397 | ||||||||
Invesco Fundamental High Yield® Corporate Bond ETF(b) | 7.81% | - | 690,032 | (81,038) | 891 | (4,237) | 10,277 | 32,011 | 605,648 | ||||||||
Invesco Investment Grade Defensive ETF(b) | 12.73% | 389,648 | 658,735 | (79,932) | 21,583 | (3,783) | 8,355 | 35,929 | 986,251 | ||||||||
Invesco Investment Grade Value ETF | 6.88% | 219,220 | 315,937 | (18,693) | 18,304 | (1,270) | 7,231 | 18,752 | 533,498 | ||||||||
Invesco PureBetaSM 0-5 Yr US TIPS ETF | 4.48% | 282,889 | 322,122 | (266,769) | 9,631 | (1,016) | 1,569 | 13,528 | 346,857 | ||||||||
Invesco Senior Loan ETF(b) | 6.15% | 303,073 | 331,953 | (142,668) | (6,067) | (9,757) | 11,551 | 22,021 | 476,534 | ||||||||
Invesco Taxable Municipal Bond ETF | 8.62% | 274,870 | 401,174 | (32,374) | 25,196 | (792) | 10,047 | 19,895 | 668,074 | ||||||||
Invesco Variable Rate Investment Grade ETF | 15.85% | 784,587 | 864,163 | (401,602) | (1,681) | (16,933) | 16,930 | 49,786 | 1,228,534 | ||||||||
Total Fixed Income Funds | 2,815,682 | 4,362,638 | (1,498,078) | 79,807 | (35,723) | 83,350 | 5,724,326 | ||||||||||
Foreign Equity Funds-1.93% | |||||||||||||||||
Invesco RAFI™ Strategic Developed ex-US ETF(b) | 0.96% | 78,550 | 101,799 | (95,715) | 3,171 | (13,157) | 2,095 | 3,390 | 74,648 | ||||||||
Invesco S&P International Developed Low Volatility ETF | 0.97% | 78,370 | 94,706 | (79,220) | (6,855) | (12,037) | 4,044 | 2,722 | 74,964 | ||||||||
Total Foreign Equity Funds | 156,920 | 196,505 | (174,935) | (3,684) | (25,194) | 6,139 | 149,612 | ||||||||||
Money Market Funds-0.00% | |||||||||||||||||
Invesco Premier U.S. Government Money Portfolio, Institutional Class, 0.03%(c) | - | 1,785 | 172,190 | (173,975) | - | - | 40 | - | - | ||||||||
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (excluding investments purchased with cash collateral from securities on loan)-99.99% (Cost $7,473,054) | 99.99% | 3,906,635 | 6,177,454 | (2,424,983) | 192,607 | (102,191) | 115,929 | 7,749,522 |
See accompanying notes which are an integral part of this schedule.
Invesco Conservative Multi-Asset Allocation ETF (PSMC)—(continued)
July 31, 2020
(Unaudited)
Schedule of Investments in Affiliated Issuers- 114.79%(a) | |||||||||||||||||
% of Net Assets 07/31/20 | Value 10/31/19 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Dividend Income | Shares 07/31/20 | Value 07/31/20 | |||||||||
Investments Purchased with Cash Collateral from Securities on Loan | |||||||||||||||||
Money Market Funds-14.80% | |||||||||||||||||
Invesco Government & Agency Portfolio, Institutional Class, 0.07%(c) | - | $817,399 | $7,593,858 | $(8,411,257) | $- | $- | $3,529 | - | $- | ||||||||
Invesco Liquid Assets Portfolio, Institutional Class, 0.22%(c) | - | 272,126 | 2,194,007 | (2,466,029) | - | (104) | 1,358 | - | - | ||||||||
Invesco Private Government Fund, 0.06%(c)(d) | 11.10% | - | 4,813,088 | (3,952,628) | - | - | 63 | 860,460 | 860,460 | ||||||||
Invesco Private Prime Fund, 0.15%(c)(d) | 3.70% | - | 896,083 | (609,290) | - | 27 | 38 | 286,763 | 286,820 | ||||||||
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $1,147,280) | 14.80% | 1,089,525 | 15,497,036 | (15,439,204) | - | (77) | 4,988 | 1,147,280 | |||||||||
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (Cost $8,620,334) | 114.79% | $4,996,160 | $21,674,490 | $(17,864,187) | $192,607 | $(102,268)(e) | $120,917 | $8,896,802 | |||||||||
OTHER ASSETS LESS LIABILITIES | (14.79)% | (1,146,494) | |||||||||||||||
NET ASSETS | 100.00% | $7,750,308 |
Investment Abbreviations: | |
ETF- | Exchange-Traded Fund |
Notes to Schedule of Investments: | |
(a) | Each underlying fund and the Fund are affiliated by either having the same investment adviser or an investment adviser under common control with the Fund’s investment adviser. |
(b) | All or a portion of this security was out on loan at July 31, 2020. |
(c) | The rate shown is the 7-day SEC standardized yield as of July 31, 2020. |
(d) | 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. |
(e) | Includes capital gains distributions from affiliated underlying funds as follows: |
Fund Name | Capital Gain |
Invesco Corporate Income Defensive ETF | $901 |
Invesco Investment Grade Defensive ETF | 332 |
Invesco Investment Grade Value ETF | 1,270 |
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 Growth Multi-Asset Allocation ETF (PSMG)
July 31, 2020
(Unaudited)
Schedule of Investments in Affiliated Issuers- 112.15%(a) | |||||||||||||||||
% of Net Assets 07/31/20 | Value 10/31/19 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Dividend Income | Shares 07/31/20 | Value 07/31/20 | |||||||||
Domestic Equity Funds-64.37% | |||||||||||||||||
Invesco RAFI™ Strategic US ETF | 11.48% | $729,711 | $999,366 | $(1,113,800) | $(12,060) | $42,210 | $16,684 | 24,513 | $645,427 | ||||||||
Invesco RAFI™ Strategic US Small Company ETF | 10.11% | 363,625 | 609,151 | (418,937) | 4,210 | 10,078 | 4,849 | 25,871 | 568,127 | ||||||||
Invesco Russell 1000 Dynamic Multifactor ETF | 12.43% | - | 685,610 | - | 13,079 | - | - | 22,953 | 698,689 | ||||||||
Invesco S&P 500® Low Volatility ETF | 8.08% | 421,930 | 625,158 | (562,232) | (84,626) | 53,950 | 9,651 | 8,526 | 454,180 | ||||||||
Invesco S&P 500® Pure Growth ETF | 11.70% | 667,177 | 921,034 | (1,065,369) | 84,635 | 50,550 | 6,019 | 4,769 | 658,027 | ||||||||
Invesco S&P MidCap Low Volatility ETF(b) | 5.03% | 97,150 | 304,063 | (103,936) | (25,207) | 10,578 | 3,093 | 6,607 | 282,648 | ||||||||
Invesco S&P SmallCap Low Volatility ETF | 5.54% | 146,684 | 362,513 | (151,190) | (57,559) | 10,822 | 5,501 | 9,067 | 311,270 | ||||||||
Total Domestic Equity Funds | 2,426,277 | 4,506,895 | (3,415,464) | (77,528) | 178,188 | 45,797 | 3,618,368 | ||||||||||
Fixed Income Funds-20.02% | |||||||||||||||||
Invesco 1-30 Laddered Treasury ETF(b) | 2.02% | - | 110,784 | - | 2,600 | - | 54 | 2,817 | 113,384 | ||||||||
Invesco Emerging Markets Sovereign Debt ETF | - | 78,387 | 120,530 | (190,678) | (3,968) | (4,271) | 3,327 | - | - | ||||||||
Invesco Investment Grade Defensive ETF(b) | 6.49% | 176,715 | 429,181 | (245,458) | 3,831 | 349 | 3,752 | 13,283 | 364,618 | ||||||||
Invesco Investment Grade Value ETF(b) | 3.50% | 98,627 | 218,860 | (122,965) | 1,433 | 1,063 | 3,554 | 6,925 | 197,018 | ||||||||
Invesco PureBetaSM 0-5 Yr US TIPS ETF | 2.00% | - | 111,369 | - | 857 | - | - | 4,377 | 112,226 | ||||||||
Invesco Taxable Municipal Bond ETF | 4.02% | 197,840 | 294,856 | (265,195) | (736) | (536) | 6,334 | 6,737 | 226,229 | ||||||||
Invesco Variable Rate Investment Grade ETF | 1.99% | 323,422 | 503,838 | (701,501) | 1,746 | (15,697) | 6,707 | 4,531 | 111,808 | ||||||||
Total Fixed Income Funds | 874,991 | 1,789,418 | (1,525,797) | 5,763 | (19,092) | 23,728 | 1,125,283 | ||||||||||
Foreign Equity Funds-15.60% | |||||||||||||||||
Invesco RAFI™ Strategic Developed ex-US ETF | 5.51% | 499,175 | 726,953 | (869,482) | (17,808) | (29,061) | 14,345 | 14,068 | 309,777 | ||||||||
Invesco RAFI™ Strategic Emerging Markets ETF | 2.00% | 154,229 | 237,759 | (275,293) | 5,303 | (9,757) | 3,143 | 4,760 | 112,241 | ||||||||
Invesco S&P Emerging Markets Low Volatility ETF | 1.48% | 87,246 | 131,785 | (122,903) | (7,053) | (5,713) | 3,131 | 4,166 | 83,362 | ||||||||
Invesco S&P International Developed Low Volatility ETF | 6.61% | 357,558 | 544,729 | (434,772) | (102,992) | 6,661 | 27,591 | 13,478 | 371,184 | ||||||||
Total Foreign Equity Funds | 1,098,208 | 1,641,226 | (1,702,450) | (122,550) | (37,870) | 48,210 | 876,564 | ||||||||||
Money Market Funds-0.00% | |||||||||||||||||
Invesco Premier U.S. Government Money Portfolio, Institutional Class, 0.03%(c) | - | 1,261 | 183,770 | (184,956) | - | - | 42 | 75 | 75 | ||||||||
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (excluding investments purchased with cash collateral from securities on loan)-99.99% (Cost $5,668,422) | 99.99% | 4,400,737 | 8,121,309 | (6,828,667) | (194,315) | 121,226 | 117,777 | 5,620,290 |
See accompanying notes which are an integral part of this schedule.
Invesco Growth Multi-Asset Allocation ETF (PSMG)—(continued)
July 31, 2020
(Unaudited)
Schedule of Investments in Affiliated Issuers- 112.15%(a) | |||||||||||||||||
% of Net Assets 07/31/20 | Value 10/31/19 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Dividend Income | Shares 07/31/20 | Value 07/31/20 | |||||||||
Investments Purchased with Cash Collateral from Securities on Loan | |||||||||||||||||
Money Market Funds-12.16% | |||||||||||||||||
Invesco Government & Agency Portfolio, Institutional Class, 0.07%(c) | - | $726,652 | $6,247,865 | $(6,974,517) | $- | $- | $3,938 | - | $- | ||||||||
Invesco Liquid Assets Portfolio, Institutional Class, 0.22%(c) | - | 241,033 | 1,703,219 | (1,944,133) | - | (119) | 1,510 | - | - | ||||||||
Invesco Private Government Fund, 0.06%(c)(d) | 9.12% | - | 4,751,633 | (4,239,060) | - | - | 25 | 512,573 | 512,573 | ||||||||
Invesco Private Prime Fund, 0.15%(c)(d) | 3.04% | - | 1,019,663 | (848,805) | - | - | 11 | 170,824 | 170,858 | ||||||||
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $683,431) | 12.16% | 967,685 | 13,722,380 | (14,006,515) | - | (119) | 5,484 | 683,431 | |||||||||
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (Cost $6,351,853) | 112.15% | $5,368,422 | $21,843,689 | $(20,835,182) | $(194,315) | $121,107(e) | $123,261 | $6,303,721 | |||||||||
OTHER ASSETS LESS LIABILITIES | (12.15)% | (682,889) | |||||||||||||||
NET ASSETS | 100.00% | $5,620,832 |
Investment Abbreviations: | |
ETF- | Exchange-Traded Fund |
Notes to Schedule of Investments: | |
(a) | Each underlying fund and the Fund are affiliated by either having the same investment adviser or an investment adviser under common control with the Fund’s investment adviser. |
(b) | All or a portion of this security was out on loan at July 31, 2020. |
(c) | The rate shown is the 7-day SEC standardized yield as of July 31, 2020. |
(d) | 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. |
(e) | Includes capital gains distributions from affiliated underlying funds as follows: |
Fund Name | Capital Gain |
Invesco Investment Grade Defensive ETF | $306 |
Invesco Investment Grade Value ETF | 1,163 |
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 Moderately Conservative Multi-Asset Allocation ETF (PSMM)
July 31, 2020
(Unaudited)
Schedule of Investments in Affiliated Issuers- 111.36%(a) | |||||||||||||||||
% of Net Assets 07/31/20 | Value 10/31/19 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Dividend Income | Shares 07/31/20 | Value 07/31/20 | |||||||||
Domestic Equity Funds-38.38% | |||||||||||||||||
Invesco Preferred ETF | 4.05% | $316,662 | $246,201 | $(287,816) | $(10,289) | $9,461 | $13,964 | 18,629 | $274,219 | ||||||||
Invesco RAFI™ Strategic US ETF | 5.97% | 542,907 | 417,634 | (592,778) | 15,064 | 21,786 | 9,297 | 15,367 | 404,613 | ||||||||
Invesco RAFI™ Strategic US Small Company ETF | 4.64% | 208,100 | 237,799 | (145,859) | 8,415 | 5,551 | 2,076 | 14,299 | 314,006 | ||||||||
Invesco Russell 1000 Dynamic Multifactor ETF | 6.45% | - | 425,723 | - | 10,817 | - | - | 14,341 | 436,540 | ||||||||
Invesco S&P 500® Low Volatility ETF | 3.63% | 289,059 | 237,774 | (277,801) | (25,248) | 21,791 | 6,017 | 4,610 | 245,575 | ||||||||
Invesco S&P 500® Pure Growth ETF | 7.92% | 500,710 | 404,070 | (488,365) | 82,994 | 36,781 | 3,368 | 3,886 | 536,190 | ||||||||
Invesco S&P MidCap Low Volatility ETF | 3.01% | 125,106 | 164,911 | (73,263) | (21,455) | 8,462 | 2,984 | 4,763 | 203,761 | ||||||||
Invesco S&P SmallCap Low Volatility ETF | 2.71% | - | 177,303 | (404) | 6,693 | 5 | - | 5,348 | 183,597 | ||||||||
Total Domestic Equity Funds | 1,982,544 | 2,311,415 | (1,866,286) | 66,991 | 103,837 | 37,706 | 2,598,501 | ||||||||||
Fixed Income Funds-56.00% | |||||||||||||||||
Invesco 1-30 Laddered Treasury ETF(b) | 5.03% | - | 332,582 | - | 8,014 | - | 163 | 8,462 | 340,596 | ||||||||
Invesco Corporate Income Defensive ETF | - | 243,853 | 127,148 | (372,283) | (3,140) | 4,422 | 4,742 | - | - | ||||||||
Invesco Corporate Income Value ETF | - | 136,588 | 71,423 | (211,836) | 1,199 | 2,626 | 3,032 | - | - | ||||||||
Invesco Emerging Markets Sovereign Debt ETF(b) | 4.27% | 318,005 | 260,769 | (284,009) | (17,157) | 11,727 | 13,544 | 10,404 | 289,335 | ||||||||
Invesco Fundamental High Yield® Corporate Bond ETF | 3.76% | - | 647,452 | (380,174) | (286) | (12,404) | 7,135 | 13,456 | 254,588 | ||||||||
Invesco Investment Grade Defensive ETF(b) | 11.45% | 406,532 | 644,493 | (289,818) | 9,968 | 3,958 | 7,979 | 28,238 | 775,133 | ||||||||
Invesco Investment Grade Value ETF(b) | 6.19% | 231,806 | 315,820 | (141,994) | 8,560 | 5,135 | 7,353 | 14,739 | 419,327 | ||||||||
Invesco PureBetaSM 0-5 Yr US TIPS ETF | 3.98% | 310,802 | 261,433 | (309,823) | 4,151 | 3,143 | 2,352 | 10,519 | 269,706 | ||||||||
Invesco Senior Loan ETF | 1.79% | 238,285 | 163,417 | (271,424) | 693 | (9,938) | 8,023 | 5,593 | 121,033 | ||||||||
Invesco Taxable Municipal Bond ETF | 7.63% | 401,345 | 345,644 | (250,500) | 10,598 | 9,373 | 12,235 | 15,380 | 516,460 | ||||||||
Invesco Variable Rate Investment Grade ETF | 11.90% | 693,407 | 601,784 | (475,124) | (4,127) | (9,913) | 14,051 | 32,664 | 806,027 | ||||||||
Total Fixed Income Funds | 2,980,623 | 3,771,965 | (2,986,985) | 18,473 | 8,129 | 80,609 | 3,792,205 | ||||||||||
Foreign Equity Funds-5.61% | |||||||||||||||||
Invesco RAFI™ Strategic Developed ex-US ETF | 2.70% | 276,875 | 223,963 | (299,195) | (8,089) | (10,700) | 5,959 | 8,304 | 182,854 | ||||||||
Invesco S&P International Developed Low Volatility ETF | 2.91% | 276,180 | 219,555 | (248,309) | (40,433) | (10,247) | 15,864 | 7,144 | 196,746 | ||||||||
Total Foreign Equity Funds | 553,055 | 443,518 | (547,504) | (48,522) | (20,947) | 21,823 | 379,600 | ||||||||||
Money Market Funds-0.00% | |||||||||||||||||
Invesco Premier U.S. Government Money Portfolio, Institutional Class, 0.03%(c) | - | 1,103 | 246,018 | (246,961) | - | - | 56 | 160 | 160 | ||||||||
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (excluding investments purchased with cash collateral from securities on loan)-99.99% (Cost $6,549,411) | 99.99% | 5,517,325 | 6,772,916 | (5,647,736) | 36,942 | 91,019 | 140,194 | 6,770,466 |
See accompanying notes which are an integral part of this schedule.
Invesco Moderately Conservative Multi-Asset Allocation ETF (PSMM)—(continued)
July 31, 2020
(Unaudited)
Schedule of Investments in Affiliated Issuers- 111.36%(a) | |||||||||||||||||
% of Net Assets 07/31/20 | Value 10/31/19 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Dividend Income | Shares 07/31/20 | Value 07/31/20 | |||||||||
Investments Purchased with Cash Collateral from Securities on Loan | |||||||||||||||||
Money Market Funds-11.37% | |||||||||||||||||
Invesco Government & Agency Portfolio, Institutional Class, 0.07%(c) | - | $786,816 | $8,696,441 | $(9,483,257) | $- | $- | $5,356 | - | $- | ||||||||
Invesco Liquid Assets Portfolio, Institutional Class, 0.22%(c) | - | 262,272 | 2,697,499 | (2,959,737) | - | (34) | 2,062 | - | - | ||||||||
Invesco Private Government Fund, 0.06%(c)(d) | 8.53% | - | 3,913,979 | (3,336,216) | - | - | 36 | 577,763 | 577,763 | ||||||||
Invesco Private Prime Fund, 0.15%(c)(d) | 2.84% | - | 819,872 | (627,291) | - | 7 | 19 | 192,549 | 192,588 | ||||||||
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $770,351) | 11.37% | 1,049,088 | 16,127,791 | (16,406,501) | - | (27) | 7,473 | 770,351 | |||||||||
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (Cost $7,319,762) | 111.36% | $6,566,413 | $22,900,707 | $(22,054,237) | $36,942 | $90,992(e) | $147,667 | $7,540,817 | |||||||||
OTHER ASSETS LESS LIABILITIES | (11.36)% | (769,486) | |||||||||||||||
NET ASSETS | 100.00% | $6,771,331 |
Investment Abbreviations: | |
ETF- | Exchange-Traded Fund |
Notes to Schedule of Investments: | |
(a) | Each underlying fund and the Fund are affiliated by either having the same investment adviser or an investment adviser under common control with the Fund’s investment adviser. |
(b) | All or a portion of this security was out on loan at July 31, 2020. |
(c) | The rate shown is the 7-day SEC standardized yield as of July 31, 2020. |
(d) | 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. |
(e) | Includes capital gains distributions from affiliated underlying funds as follows: |
Fund Name | Capital Gain |
Invesco Corporate Income Defensive ETF | $1,551 |
Invesco Investment Grade Defensive ETF | 522 |
Invesco Investment Grade Value ETF | 2,025 |
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 S&P 500® Downside Hedged ETF (PHDG)
July 31, 2020
(Unaudited)
Shares | Value | |||
Common Stocks & Other Equity Interests-61.78% | ||||
Communication Services-6.71% | ||||
Activision Blizzard, Inc. | 1,485 | $122,706 | ||
Alphabet, Inc., Class A(b) | 581 | 864,499 | ||
Alphabet, Inc., Class C(b) | 568 | 842,321 | ||
AT&T, Inc. | 13,895 | 411,014 | ||
CenturyLink, Inc. | 1,904 | 18,374 | ||
Charter Communications, Inc., Class A(b) | 286 | 165,880 | ||
Comcast Corp., Class A | 8,750 | 374,500 | ||
Discovery, Inc., Class A(b)(c) | 313 | 6,604 | ||
Discovery, Inc., Class C(b) | 640 | 12,128 | ||
DISH Network Corp., Class A(b) | 483 | 15,509 | ||
Electronic Arts, Inc.(b) | 576 | 81,573 | ||
Facebook, Inc., Class A(b) | 4,656 | 1,181,088 | ||
Fox Corp., Class A | 687 | 17,704 | ||
Fox Corp., Class B | 317 | 8,169 | ||
Interpublic Group of Cos., Inc. (The) | 744 | 13,429 | ||
Live Nation Entertainment, Inc.(b) | 269 | 12,592 | ||
Netflix, Inc.(b) | 846 | 413,592 | ||
News Corp., Class A | 745 | 9,476 | ||
News Corp., Class B | 219 | 2,794 | ||
Omnicom Group, Inc. | 424 | 22,782 | ||
Take-Two Interactive Software, Inc.(b) | 216 | 35,428 | ||
T-Mobile US, Inc.(b) | 1,071 | 115,004 | ||
Twitter, Inc.(b) | 1,487 | 54,127 | ||
Verizon Communications, Inc. | 7,994 | 459,495 | ||
ViacomCBS, Inc., Class B | 1,051 | 27,400 | ||
Walt Disney Co. (The) | 3,489 | 408,004 | ||
5,696,192 | ||||
Consumer Discretionary-6.92% | ||||
Advance Auto Parts, Inc. | 150 | 22,521 | ||
Amazon.com, Inc.(b) | 809 | 2,560,226 | ||
Aptiv PLC | 482 | 37,476 | ||
AutoZone, Inc.(b) | 49 | 59,164 | ||
Best Buy Co., Inc. | 430 | 42,824 | ||
Booking Holdings, Inc.(b) | 83 | 137,957 | ||
BorgWarner, Inc. | 415 | 15,189 | ||
CarMax, Inc.(b) | 319 | 30,933 | ||
Carnival Corp. | 898 | 12,464 | ||
Chipotle Mexican Grill, Inc.(b) | 52 | 60,068 | ||
D.R. Horton, Inc. | 640 | 42,342 | ||
Darden Restaurants, Inc. | 219 | 16,622 | ||
Dollar General Corp. | 481 | 91,582 | ||
Dollar Tree, Inc.(b) | 469 | 43,781 | ||
Domino’s Pizza, Inc. | 88 | 34,022 | ||
eBay, Inc. | 1,321 | 73,025 | ||
Expedia Group, Inc. | 267 | 21,630 | ||
Ford Motor Co. | 7,523 | 49,727 | ||
Gap, Inc. (The) | 419 | 5,602 | ||
Garmin Ltd. | 269 | 26,521 | ||
General Motors Co. | 2,433 | 60,557 | ||
Genuine Parts Co. | 270 | 24,341 | ||
H&R Block, Inc. | 374 | 5,423 | ||
Hanesbrands, Inc. | 691 | 9,764 | ||
Hasbro, Inc. | 257 | 18,699 | ||
Hilton Worldwide Holdings, Inc. | 535 | 40,152 | ||
Home Depot, Inc. (The) | 2,103 | 558,325 | ||
Kohl’s Corp. | 311 | 5,921 | ||
L Brands, Inc. | 432 | 10,545 | ||
Las Vegas Sands Corp. | 641 | 27,973 | ||
Leggett & Platt, Inc. | 261 | 10,463 | ||
Lennar Corp., Class A | 533 | 38,563 | ||
LKQ Corp.(b) | 585 | 16,491 |
Shares | Value | |||
Consumer Discretionary-(continued) | ||||
Lowe’s Cos., Inc. | 1,483 | $220,834 | ||
Marriott International, Inc., Class A | 529 | 44,343 | ||
McDonald’s Corp. | 1,439 | 279,569 | ||
MGM Resorts International | 1,001 | 16,106 | ||
Mohawk Industries, Inc.(b) | 111 | 8,863 | ||
Newell Brands, Inc. | 738 | 12,103 | ||
NIKE, Inc., Class B | 2,392 | 233,483 | ||
Norwegian Cruise Line Holdings Ltd.(b)(c) | 419 | 5,715 | ||
NVR, Inc.(b) | 6 | 23,581 | ||
O’Reilly Automotive, Inc.(b) | 154 | 73,517 | ||
PulteGroup, Inc. | 481 | 20,972 | ||
PVH Corp. | 152 | 7,396 | ||
Ralph Lauren Corp. | 101 | 7,201 | ||
Ross Stores, Inc. | 691 | 61,962 | ||
Royal Caribbean Cruises Ltd. | 323 | 15,733 | ||
Starbucks Corp. | 2,279 | 174,412 | ||
Tapestry, Inc. | 530 | 7,081 | ||
Target Corp. | 962 | 121,097 | ||
Tiffany & Co. | 211 | 26,451 | ||
TJX Cos., Inc. (The) | 2,335 | 121,397 | ||
Tractor Supply Co. | 218 | 31,117 | ||
Ulta Beauty, Inc.(b) | 109 | 21,036 | ||
Under Armour, Inc., Class A(b) | 369 | 3,882 | ||
Under Armour, Inc., Class C(b) | 374 | 3,549 | ||
VF Corp. | 635 | 38,329 | ||
Whirlpool Corp. | 113 | 18,433 | ||
Wynn Resorts Ltd. | 167 | 12,096 | ||
Yum! Brands, Inc. | 582 | 52,991 | ||
5,874,142 | ||||
Consumer Staples-4.34% | ||||
Altria Group, Inc. | 3,604 | 148,305 | ||
Archer-Daniels-Midland Co. | 1,065 | 45,614 | ||
Brown-Forman Corp., Class B | 363 | 25,170 | ||
Campbell Soup Co. | 323 | 16,011 | ||
Church & Dwight Co., Inc. | 476 | 45,853 | ||
Clorox Co. (The) | 246 | 58,181 | ||
Coca-Cola Co. (The) | 7,428 | 350,899 | ||
Colgate-Palmolive Co. | 1,646 | 127,071 | ||
Conagra Brands, Inc. | 947 | 35,465 | ||
Constellation Brands, Inc., Class A | 322 | 57,380 | ||
Costco Wholesale Corp. | 850 | 276,700 | ||
Coty, Inc., Class A | 580 | 2,152 | ||
Estee Lauder Cos., Inc. (The), Class A | 427 | 84,350 | ||
General Mills, Inc. | 1,167 | 73,836 | ||
Hershey Co. (The) | 272 | 39,551 | ||
Hormel Foods Corp. | 531 | 27,007 | ||
JM Smucker Co. (The) | 217 | 23,729 | ||
Kellogg Co. | 477 | 32,908 | ||
Kimberly-Clark Corp. | 644 | 97,914 | ||
Kraft Heinz Co. (The) | 1,212 | 41,669 | ||
Kroger Co. (The) | 1,540 | 53,577 | ||
Lamb Weston Holdings, Inc. | 270 | 16,222 | ||
McCormick & Co., Inc. | 220 | 42,878 | ||
Molson Coors Beverage Co., Class B | 369 | 13,845 | ||
Mondelez International, Inc., Class A | 2,764 | 153,374 | ||
Monster Beverage Corp.(b) | 739 | 57,997 | ||
PepsiCo, Inc. | 2,698 | 371,407 | ||
Philip Morris International, Inc. | 3,014 | 231,505 | ||
Procter & Gamble Co. (The) | 4,819 | 631,867 | ||
Sysco Corp. | 894 | 47,248 | ||
Tyson Foods, Inc., Class A | 579 | 35,579 |
See accompanying notes which are an integral part of this schedule.
Invesco S&P 500® Downside Hedged ETF (PHDG)—(continued)
July 31, 2020
(Unaudited)
Shares | Value | |||
Consumer Staples-(continued) | ||||
Walgreens Boots Alliance, Inc. | 1,436 | $58,460 | ||
Walmart, Inc. | 2,749 | 355,721 | ||
3,679,445 | ||||
Energy-1.57% | ||||
Apache Corp. | 736 | 11,298 | ||
Baker Hughes Co., Class A | 1,264 | 19,579 | ||
Cabot Oil & Gas Corp. | 792 | 14,810 | ||
Chevron Corp. | 3,654 | 306,717 | ||
Concho Resources, Inc. | 376 | 19,755 | ||
ConocoPhillips | 2,119 | 79,229 | ||
Devon Energy Corp. | 743 | 7,794 | ||
Diamondback Energy, Inc. | 316 | 12,596 | ||
EOG Resources, Inc. | 1,117 | 52,331 | ||
Exxon Mobil Corp. | 8,163 | 343,499 | ||
Halliburton Co. | 1,697 | 24,318 | ||
Hess Corp. | 521 | 25,638 | ||
HollyFrontier Corp. | 272 | 7,480 | ||
Kinder Morgan, Inc. | 3,762 | 53,044 | ||
Marathon Oil Corp. | 1,540 | 8,455 | ||
Marathon Petroleum Corp. | 1,263 | 48,247 | ||
National Oilwell Varco, Inc. | 742 | 8,540 | ||
Noble Energy, Inc. | 909 | 9,081 | ||
Occidental Petroleum Corp. | 1,740 | 27,388 | ||
Occidental Petroleum Corp., Wts., expiring August 3, 2027(b) | 163 | 913 | ||
ONEOK, Inc. | 794 | 22,161 | ||
Phillips 66 | 852 | 52,841 | ||
Pioneer Natural Resources Co. | 320 | 31,014 | ||
Schlumberger Ltd. | 2,657 | 48,198 | ||
TechnipFMC PLC (United Kingdom) | 801 | 6,432 | ||
Valero Energy Corp. | 792 | 44,534 | ||
Williams Cos., Inc. (The) | 2,335 | 44,669 | ||
1,330,561 | ||||
Financials-6.13% | ||||
Aflac, Inc. | 1,426 | 50,723 | ||
Allstate Corp. (The) | 633 | 59,749 | ||
American Express Co. | 1,279 | 119,356 | ||
American International Group, Inc. | 1,690 | 54,317 | ||
Ameriprise Financial, Inc. | 256 | 39,329 | ||
Aon PLC, Class A | 432 | 88,655 | ||
Arthur J. Gallagher & Co. | 368 | 39,556 | ||
Assurant, Inc. | 112 | 12,037 | ||
Bank of America Corp. | 15,225 | 378,798 | ||
Bank of New York Mellon Corp. (The) | 1,634 | 58,579 | ||
Berkshire Hathaway, Inc., Class B(b) | 3,766 | 737,307 | ||
BlackRock, Inc. | 303 | 174,228 | ||
Capital One Financial Corp. | 898 | 57,292 | ||
Cboe Global Markets, Inc. | 214 | 18,768 | ||
Charles Schwab Corp. (The) | 2,217 | 73,494 | ||
Chubb Ltd. | 892 | 113,498 | ||
Cincinnati Financial Corp. | 273 | 21,275 | ||
Citigroup, Inc. | 4,084 | 204,241 | ||
Citizens Financial Group, Inc. | 843 | 20,915 | ||
CME Group, Inc., Class A | 688 | 114,332 | ||
Comerica, Inc. | 269 | 10,362 | ||
Discover Financial Services | 591 | 29,213 | ||
E*TRADE Financial Corp. | 428 | 21,730 | ||
Everest Re Group Ltd. | 66 | 14,440 | ||
Fifth Third Bancorp | 1,375 | 27,307 | ||
First Republic Bank | 299 | 33,631 | ||
Franklin Resources, Inc. | 532 | 11,199 |
Shares | Value | |||
Financials-(continued) | ||||
Globe Life, Inc. | 205 | $16,318 | ||
Goldman Sachs Group, Inc. (The) | 620 | 122,735 | ||
Hartford Financial Services Group, Inc. (The) | 690 | 29,201 | ||
Huntington Bancshares, Inc. | 2,007 | 18,605 | ||
Intercontinental Exchange, Inc. | 1,066 | 103,167 | ||
Invesco Ltd.(d) | 460 | 4,618 | ||
JPMorgan Chase & Co. | 5,927 | 572,785 | ||
KeyCorp | 1,905 | 22,879 | ||
Lincoln National Corp. | 374 | 13,939 | ||
Loews Corp. | 482 | 17,550 | ||
M&T Bank Corp. | 262 | 27,759 | ||
MarketAxess Holdings, Inc. | 65 | 33,585 | ||
Marsh & McLennan Cos., Inc. | 962 | 112,169 | ||
MetLife, Inc. | 1,492 | 56,472 | ||
Moody’s Corp. | 317 | 89,172 | ||
Morgan Stanley | 2,234 | 109,198 | ||
MSCI, Inc. | 161 | 60,533 | ||
Nasdaq, Inc. | 218 | 28,626 | ||
Northern Trust Corp. | 418 | 32,750 | ||
People’s United Financial, Inc. | 852 | 9,193 | ||
PNC Financial Services Group, Inc. (The) | 846 | 90,243 | ||
Principal Financial Group, Inc. | 485 | 20,579 | ||
Progressive Corp. (The) | 1,120 | 101,181 | ||
Prudential Financial, Inc. | 789 | 49,999 | ||
Raymond James Financial, Inc. | 220 | 15,286 | ||
Regions Financial Corp. | 1,857 | 20,167 | ||
S&P Global, Inc. | 475 | 166,369 | ||
State Street Corp. | 693 | 44,206 | ||
SVB Financial Group(b) | 103 | 23,100 | ||
Synchrony Financial | 1,068 | 23,635 | ||
T. Rowe Price Group, Inc. | 468 | 64,631 | ||
Travelers Cos., Inc. (The) | 485 | 55,494 | ||
Truist Financial Corp. | 2,593 | 97,134 | ||
U.S. Bancorp | 2,604 | 95,931 | ||
Unum Group | 379 | 6,530 | ||
W.R. Berkley Corp. | 270 | 16,672 | ||
Wells Fargo & Co. | 7,331 | 177,850 | ||
Willis Towers Watson PLC | 258 | 54,183 | ||
Zions Bancorporation N.A. | 322 | 10,455 | ||
5,199,230 | ||||
Health Care-9.04% | ||||
Abbott Laboratories | 3,436 | 345,799 | ||
AbbVie, Inc. | 3,397 | 322,409 | ||
ABIOMED, Inc.(b) | 99 | 29,694 | ||
Agilent Technologies, Inc. | 588 | 56,642 | ||
Alexion Pharmaceuticals, Inc.(b) | 427 | 43,763 | ||
Align Technology, Inc.(b) | 150 | 44,073 | ||
AmerisourceBergen Corp. | 309 | 30,959 | ||
Amgen, Inc. | 1,157 | 283,083 | ||
Anthem, Inc. | 480 | 131,424 | ||
Baxter International, Inc. | 1,000 | 86,380 | ||
Becton, Dickinson and Co. | 578 | 162,615 | ||
Biogen, Inc.(b) | 323 | 88,725 | ||
Bio-Rad Laboratories, Inc., Class A(b) | 48 | 25,195 | ||
Boston Scientific Corp.(b) | 2,698 | 104,062 | ||
Bristol-Myers Squibb Co. | 4,439 | 260,392 | ||
Cardinal Health, Inc. | 577 | 31,516 | ||
Centene Corp.(b) | 1,119 | 73,015 | ||
Cerner Corp. | 627 | 43,545 | ||
Cigna Corp. | 734 | 126,754 | ||
Cooper Cos., Inc. (The) | 101 | 28,576 | ||
CVS Health Corp. | 2,498 | 157,224 |
See accompanying notes which are an integral part of this schedule.
Invesco S&P 500® Downside Hedged ETF (PHDG)—(continued)
July 31, 2020
(Unaudited)
Shares | Value | |||
Health Care-(continued) | ||||
Danaher Corp. | 1,214 | $247,413 | ||
DaVita, Inc.(b) | 166 | 14,507 | ||
DENTSPLY SIRONA, Inc. | 427 | 19,044 | ||
DexCom, Inc.(b) | 169 | 73,606 | ||
Edwards Lifesciences Corp.(b) | 1,229 | 96,366 | ||
Eli Lilly and Co. | 1,638 | 246,175 | ||
Gilead Sciences, Inc. | 2,439 | 169,584 | ||
HCA Healthcare, Inc. | 522 | 66,106 | ||
Henry Schein, Inc.(b) | 270 | 18,557 | ||
Hologic, Inc.(b) | 526 | 36,704 | ||
Humana, Inc. | 262 | 102,822 | ||
IDEXX Laboratories, Inc.(b) | 162 | 64,435 | ||
Illumina, Inc.(b) | 300 | 114,648 | ||
Incyte Corp.(b) | 362 | 35,751 | ||
Intuitive Surgical, Inc.(b) | 219 | 150,111 | ||
IQVIA Holdings, Inc.(b) | 362 | 57,337 | ||
Johnson & Johnson | 5,085 | 741,190 | ||
Laboratory Corp. of America Holdings(b) | 167 | 32,218 | ||
McKesson Corp. | 316 | 47,451 | ||
Medtronic PLC | 2,593 | 250,173 | ||
Merck & Co., Inc. | 4,923 | 395,022 | ||
Mettler-Toledo International, Inc.(b) | 51 | 47,685 | ||
Mylan N.V.(b) | 1,002 | 16,142 | ||
PerkinElmer, Inc. | 214 | 25,447 | ||
Perrigo Co. PLC | 264 | 13,997 | ||
Pfizer, Inc. | 10,661 | 410,235 | ||
Quest Diagnostics, Inc. | 264 | 33,546 | ||
Regeneron Pharmaceuticals, Inc.(b) | 202 | 127,678 | ||
ResMed, Inc. | 270 | 54,678 | ||
STERIS PLC | 161 | 25,700 | ||
Stryker Corp. | 631 | 121,972 | ||
Teleflex, Inc. | 100 | 37,310 | ||
Thermo Fisher Scientific, Inc. | 761 | 315,016 | ||
UnitedHealth Group, Inc. | 1,837 | 556,207 | ||
Universal Health Services, Inc., Class B | 159 | 17,474 | ||
Varian Medical Systems, Inc.(b) | 166 | 23,692 | ||
Vertex Pharmaceuticals, Inc.(b) | 489 | 133,008 | ||
Waters Corp.(b) | 113 | 24,086 | ||
West Pharmaceutical Services, Inc. | 153 | 41,137 | ||
Zimmer Biomet Holdings, Inc. | 379 | 51,112 | ||
Zoetis, Inc. | 909 | 137,877 | ||
7,669,064 | ||||
Industrials-4.90% | ||||
3M Co. | 1,111 | 167,172 | ||
A.O. Smith Corp. | 265 | 12,757 | ||
Alaska Air Group, Inc. | 220 | 7,577 | ||
Allegion PLC | 166 | 16,510 | ||
American Airlines Group, Inc.(c) | 746 | 8,296 | ||
AMETEK, Inc. | 430 | 40,098 | ||
Boeing Co. (The) | 1,015 | 160,370 | ||
C.H. Robinson Worldwide, Inc. | 265 | 24,836 | ||
Carrier Global Corp. | 1,545 | 42,086 | ||
Caterpillar, Inc. | 1,063 | 141,251 | ||
Cintas Corp. | 160 | 48,299 | ||
Copart, Inc.(b) | 415 | 38,699 | ||
CSX Corp. | 1,488 | 106,154 | ||
Cummins, Inc. | 273 | 52,760 | ||
Deere & Co. | 591 | 104,199 | ||
Delta Air Lines, Inc. | 1,111 | 27,742 | ||
Dover Corp. | 270 | 27,791 | ||
Eaton Corp. PLC | 794 | 73,945 | ||
Emerson Electric Co. | 1,169 | 72,490 |
Shares | Value | |||
Industrials-(continued) | ||||
Equifax, Inc. | 218 | $35,438 | ||
Expeditors International of Washington, Inc. | 322 | 27,212 | ||
Fastenal Co. | 1,109 | 52,167 | ||
FedEx Corp. | 473 | 79,653 | ||
Flowserve Corp. | 261 | 7,274 | ||
Fortive Corp. | 580 | 40,710 | ||
Fortune Brands Home & Security, Inc. | 267 | 20,426 | ||
General Dynamics Corp. | 432 | 63,392 | ||
General Electric Co. | 16,853 | 102,298 | ||
Honeywell International, Inc. | 1,380 | 206,131 | ||
Howmet Aerospace, Inc. | 744 | 10,996 | ||
Huntington Ingalls Industries, Inc. | 97 | 16,850 | ||
IDEX Corp. | 154 | 25,382 | ||
IHS Markit Ltd. | 788 | 63,615 | ||
Illinois Tool Works, Inc. | 577 | 106,739 | ||
Ingersoll Rand, Inc.(b) | 682 | 21,544 | ||
J.B. Hunt Transport Services, Inc. | 161 | 20,833 | ||
Jacobs Engineering Group, Inc. | 265 | 22,618 | ||
Johnson Controls International PLC | 1,486 | 57,181 | ||
Kansas City Southern | 204 | 35,057 | ||
L3Harris Technologies, Inc. | 427 | 71,877 | ||
Lockheed Martin Corp. | 478 | 181,148 | ||
Masco Corp. | 535 | 30,581 | ||
Nielsen Holdings PLC | 688 | 9,928 | ||
Norfolk Southern Corp. | 485 | 93,222 | ||
Northrop Grumman Corp. | 311 | 101,078 | ||
Old Dominion Freight Line, Inc. | 203 | 37,112 | ||
Otis Worldwide Corp. | 792 | 49,690 | ||
PACCAR, Inc. | 682 | 58,025 | ||
Parker-Hannifin Corp. | 258 | 46,161 | ||
Pentair PLC | 323 | 13,841 | ||
Quanta Services, Inc. | 270 | 10,792 | ||
Raytheon Technologies Corp. | 2,817 | 159,668 | ||
Republic Services, Inc. | 417 | 36,383 | ||
Robert Half International, Inc. | 219 | 11,141 | ||
Rockwell Automation, Inc. | 218 | 47,555 | ||
Rollins, Inc. | 268 | 14,043 | ||
Roper Technologies, Inc. | 207 | 89,517 | ||
Snap-on, Inc. | 106 | 15,462 | ||
Southwest Airlines Co. | 1,008 | 31,137 | ||
Stanley Black & Decker, Inc. | 309 | 47,376 | ||
Teledyne Technologies, Inc.(b) | 70 | 21,469 | ||
Textron, Inc. | 430 | 15,024 | ||
Trane Technologies PLC | 472 | 52,803 | ||
TransDigm Group, Inc. | 101 | 43,590 | ||
Union Pacific Corp. | 1,332 | 230,902 | ||
United Airlines Holdings, Inc.(b) | 424 | 13,305 | ||
United Parcel Service, Inc., Class B | 1,333 | 190,299 | ||
United Rentals, Inc.(b) | 153 | 23,772 | ||
Verisk Analytics, Inc. | 318 | 60,010 | ||
W.W. Grainger, Inc. | 97 | 33,128 | ||
Wabtec Corp. | 363 | 22,575 | ||
Waste Management, Inc. | 747 | 81,871 | ||
Xylem, Inc. | 326 | 23,791 | ||
4,156,824 | ||||
Information Technology-16.98% | ||||
Accenture PLC, Class A | 1,222 | 274,681 | ||
Adobe, Inc.(b) | 942 | 418,549 | ||
Advanced Micro Devices, Inc.(b) | 2,270 | 175,766 | ||
Akamai Technologies, Inc.(b) | 316 | 35,531 | ||
Amphenol Corp., Class A | 581 | 61,447 | ||
Analog Devices, Inc. | 733 | 84,185 |
See accompanying notes which are an integral part of this schedule.
Invesco S&P 500® Downside Hedged ETF (PHDG)—(continued)
July 31, 2020
(Unaudited)
Shares | Value | |||
Information Technology-(continued) | ||||
ANSYS, Inc.(b) | 162 | $50,317 | ||
Apple, Inc. | 7,890 | 3,353,566 | ||
Applied Materials, Inc. | 1,795 | 115,472 | ||
Arista Networks, Inc.(b) | 106 | 27,536 | ||
Autodesk, Inc.(b) | 426 | 100,719 | ||
Automatic Data Processing, Inc. | 842 | 111,910 | ||
Broadcom, Inc. | 759 | 240,413 | ||
Broadridge Financial Solutions, Inc. | 218 | 29,286 | ||
Cadence Design Systems, Inc.(b) | 534 | 58,339 | ||
CDW Corp. | 270 | 31,387 | ||
Cisco Systems, Inc. | 8,170 | 384,807 | ||
Citrix Systems, Inc. | 218 | 31,122 | ||
Cognizant Technology Solutions Corp., Class A | 1,058 | 72,283 | ||
Corning, Inc. | 1,486 | 46,066 | ||
DXC Technology Co. | 483 | 8,651 | ||
F5 Networks, Inc.(b) | 112 | 15,221 | ||
Fidelity National Information Services, Inc. | 1,210 | 177,035 | ||
Fiserv, Inc.(b) | 1,109 | 110,667 | ||
FleetCor Technologies, Inc.(b) | 163 | 42,147 | ||
FLIR Systems, Inc. | 264 | 10,998 | ||
Fortinet, Inc.(b) | 270 | 37,341 | ||
Gartner, Inc.(b) | 166 | 20,690 | ||
Global Payments, Inc. | 582 | 103,608 | ||
Hewlett Packard Enterprise Co. | 2,495 | 24,626 | ||
HP, Inc. | 2,861 | 50,296 | ||
Intel Corp. | 8,256 | 394,059 | ||
International Business Machines Corp. | 1,699 | 208,875 | ||
Intuit, Inc. | 493 | 151,040 | ||
IPG Photonics Corp.(b) | 60 | 10,741 | ||
Jack Henry & Associates, Inc. | 155 | 27,636 | ||
Juniper Networks, Inc. | 640 | 16,243 | ||
Keysight Technologies, Inc.(b) | 369 | 36,859 | ||
KLA Corp. | 312 | 62,347 | ||
Lam Research Corp. | 270 | 101,833 | ||
Leidos Holdings, Inc. | 263 | 25,027 | ||
Mastercard, Inc., Class A | 1,701 | 524,810 | ||
Maxim Integrated Products, Inc. | 528 | 35,952 | ||
Microchip Technology, Inc. | 472 | 48,017 | ||
Micron Technology, Inc.(b) | 2,127 | 106,467 | ||
Microsoft Corp. | 14,685 | 3,010,572 | ||
Motorola Solutions, Inc. | 323 | 45,155 | ||
NetApp, Inc. | 430 | 19,049 | ||
NortonLifeLock, Inc. | 1,109 | 23,788 | ||
NVIDIA Corp. | 1,183 | 502,290 | ||
Oracle Corp. | 4,082 | 226,347 | ||
Paychex, Inc. | 628 | 45,166 | ||
Paycom Software, Inc.(b) | 101 | 28,721 | ||
PayPal Holdings, Inc.(b) | 2,272 | 445,471 | ||
Qorvo, Inc.(b) | 219 | 28,065 | ||
QUALCOMM, Inc. | 2,181 | 230,335 | ||
salesforce.com, inc.(b) | 1,735 | 338,065 | ||
Seagate Technology PLC | 431 | 19,490 | ||
ServiceNow, Inc.(b) | 367 | 161,186 | ||
Skyworks Solutions, Inc. | 322 | 46,877 | ||
Synopsys, Inc.(b) | 309 | 61,559 | ||
TE Connectivity Ltd. | 639 | 56,916 | ||
Texas Instruments, Inc. | 1,802 | 229,845 | ||
Tyler Technologies, Inc.(b) | 91 | 32,510 | ||
VeriSign, Inc.(b) | 206 | 43,606 | ||
Visa, Inc., Class A | 3,285 | 625,464 | ||
Western Digital Corp. | 582 | 25,084 | ||
Western Union Co. (The) | 800 | 19,424 |
Shares | Value | |||
Information Technology-(continued) | ||||
Xerox Holdings Corp. | 367 | $6,111 | ||
Xilinx, Inc. | 478 | 51,313 | ||
Zebra Technologies Corp., Class A(b) | 105 | 29,479 | ||
14,406,456 | ||||
Materials-1.58% | ||||
Air Products and Chemicals, Inc. | 426 | 122,104 | ||
Albemarle Corp. | 209 | 17,234 | ||
Amcor PLC | 3,126 | 32,198 | ||
Avery Dennison Corp. | 160 | 18,134 | ||
Ball Corp. | 635 | 46,755 | ||
Celanese Corp. | 218 | 21,190 | ||
CF Industries Holdings, Inc. | 423 | 13,253 | ||
Corteva, Inc. | 1,435 | 40,984 | ||
Dow, Inc. | 1,431 | 58,757 | ||
DuPont de Nemours, Inc. | 1,431 | 76,530 | ||
Eastman Chemical Co. | 264 | 19,702 | ||
Ecolab, Inc. | 478 | 89,424 | ||
FMC Corp. | 259 | 27,467 | ||
Freeport-McMoRan, Inc. | 2,806 | 36,254 | ||
International Flavors & Fragrances, Inc.(c) | 210 | 26,449 | ||
International Paper Co. | 746 | 25,953 | ||
Linde PLC (United Kingdom) | 1,023 | 250,748 | ||
LyondellBasell Industries N.V., Class A | 483 | 30,197 | ||
Martin Marietta Materials, Inc. | 112 | 23,204 | ||
Mosaic Co. (The) | 685 | 9,227 | ||
Newmont Corp. | 1,588 | 109,890 | ||
Nucor Corp. | 582 | 24,415 | ||
Packaging Corp. of America | 167 | 16,052 | ||
PPG Industries, Inc. | 469 | 50,488 | ||
Sealed Air Corp. | 311 | 11,096 | ||
Sherwin-Williams Co. (The) | 158 | 102,371 | ||
Vulcan Materials Co. | 262 | 30,764 | ||
Westrock Co. | 484 | 13,000 | ||
1,343,840 | ||||
Real Estate-1.70% | ||||
Alexandria Real Estate Equities, Inc. | 255 | 45,275 | ||
American Tower Corp. | 851 | 222,443 | ||
Apartment Investment & Management Co., Class A | 272 | 10,559 | ||
AvalonBay Communities, Inc. | 267 | 40,883 | ||
Boston Properties, Inc. | 270 | 24,054 | ||
CBRE Group, Inc., Class A(b) | 640 | 28,038 | ||
Crown Castle International Corp. | 797 | 132,860 | ||
Digital Realty Trust, Inc. | 492 | 78,986 | ||
Duke Realty Corp. | 697 | 28,012 | ||
Equinix, Inc. | 166 | 130,390 | ||
Equity Residential | 685 | 36,737 | ||
Essex Property Trust, Inc. | 112 | 24,723 | ||
Extra Space Storage, Inc. | 259 | 26,765 | ||
Federal Realty Investment Trust | 114 | 8,698 | ||
Healthpeak Properties, Inc. | 954 | 26,035 | ||
Host Hotels & Resorts, Inc. | 1,380 | 14,876 | ||
Iron Mountain, Inc.(c) | 538 | 15,166 | ||
Kimco Realty Corp. | 803 | 8,953 | ||
Mid-America Apartment Communities, Inc. | 217 | 25,864 | ||
Prologis, Inc. | 1,428 | 150,540 | ||
Public Storage | 280 | 55,966 | ||
Realty Income Corp. | 680 | 40,834 | ||
Regency Centers Corp. | 322 | 13,212 | ||
SBA Communications Corp., Class A | 216 | 67,293 | ||
Simon Property Group, Inc. | 585 | 36,475 |
See accompanying notes which are an integral part of this schedule.
Invesco S&P 500® Downside Hedged ETF (PHDG)—(continued)
July 31, 2020
(Unaudited)
Shares | Value | |||
Real Estate-(continued) | ||||
SL Green Realty Corp. | 158 | $7,347 | ||
UDR, Inc. | 577 | 20,887 | ||
Ventas, Inc. | 733 | 28,118 | ||
Vornado Realty Trust | 313 | 10,805 | ||
Welltower, Inc. | 792 | 42,420 | ||
Weyerhaeuser Co. | 1,435 | 39,907 | ||
1,443,121 | ||||
Utilities-1.91% | ||||
AES Corp. (The) | 1,276 | 19,433 | ||
Alliant Energy Corp. | 473 | 25,471 | ||
Ameren Corp. | 477 | 38,274 | ||
American Electric Power Co., Inc. | 953 | 82,797 | ||
American Water Works Co., Inc. | 362 | 53,312 | ||
Atmos Energy Corp. | 219 | 23,212 | ||
CenterPoint Energy, Inc. | 959 | 18,231 | ||
CMS Energy Corp. | 535 | 34,336 | ||
Consolidated Edison, Inc. | 637 | 48,941 | ||
Dominion Energy, Inc. | 1,591 | 128,919 | ||
DTE Energy Co. | 371 | 42,899 | ||
Duke Energy Corp. | 1,386 | 117,450 | ||
Edison International | 688 | 38,301 | ||
Entergy Corp. | 374 | 39,319 | ||
Evergy, Inc. | 430 | 27,877 | ||
Eversource Energy | 633 | 57,014 | ||
Exelon Corp. | 1,899 | 73,320 | ||
FirstEnergy Corp. | 1,051 | 30,479 | ||
NextEra Energy, Inc. | 948 | 266,104 | ||
NiSource, Inc. | 734 | 17,946 | ||
NRG Energy, Inc. | 478 | 16,161 | ||
Pinnacle West Capital Corp. | 215 | 17,862 | ||
PPL Corp. | 1,485 | 39,531 | ||
Public Service Enterprise Group, Inc. | 998 | 55,828 |
Shares | Value | |||
Utilities-(continued) | ||||
Sempra Energy | 535 | $66,586 | ||
Southern Co. (The) | 2,017 | 110,148 | ||
WEC Energy Group, Inc. | 591 | 56,299 | ||
Xcel Energy, Inc. | 1,008 | 69,592 | ||
1,615,642 | ||||
Total Common Stocks & Other Equity Interests (Cost $48,174,851) | 52,414,517 | |||
Money Market Funds-29.42% | ||||
Invesco Premier U.S. Government Money Portfolio, Institutional Class, 0.03%(d)(e) (Cost $24,957,412) | 24,957,412 | 24,957,412 | ||
TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-91.20% (Cost $73,132,263) | 77,371,929 | |||
Investments Purchased with Cash Collateral from Securities on Loan | ||||
Money Market Funds-0.06% | ||||
Invesco Private Government Fund, 0.06%(d)(e)(f) | 37,517 | 37,517 | ||
Invesco Private Prime Fund, 0.15%(d)(e)(f) | 12,270 | 12,272 | ||
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $49,789) | 49,789 | |||
TOTAL INVESTMENTS IN SECURITIES-91.26% (Cost $73,182,052) | 77,421,718 | |||
OTHER ASSETS LESS LIABILITIES-8.74% | 7,419,285 | |||
NET ASSETS-100.00% | $84,841,003 |
Investment Abbreviations: | |
Wts. | -Warrants |
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 July 31, 2020. |
(d) | Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the nine months ended July 31, 2020. |
Value October 31, 2019 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Value July 31, 2020 | Dividend Income | |||||||
Invesco Ltd. | $7,737 | $- | $- | $(3,119) | $- | $4,618 | $357 | ||||||
Investments in Affiliated Money Market Funds: | |||||||||||||
Invesco Premier U.S. Government Money Portfolio, Institutional Class | 1,833,025 | 113,881,893 | (90,757,506) | - | - | 24,957,412 | 20,534 | ||||||
Investments Purchased with Cash Collateral from Securities on Loan: | |||||||||||||
Invesco Government & Agency Portfolio, Institutional Class | 9,056 | 348,207 | (357,263) | - | - | - | 114 |
See accompanying notes which are an integral part of this schedule.
Invesco S&P 500® Downside Hedged ETF (PHDG)—(continued)
July 31, 2020
(Unaudited)
Value October 31, 2019 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Value July 31, 2020 | Dividend Income | |||||||
Invesco Liquid Assets Portfolio, Institutional Class | $3,106 | $69,316 | $(72,414) | $- | $(8) | $- | $44 | ||||||
Invesco Private Government Fund | - | 295,562 | (258,045) | - | - | 37,517 | 3 | ||||||
Invesco Private Prime Fund | - | 33,825 | (21,554) | - | 1 | 12,272 | 2 | ||||||
Total | $1,852,924 | $114,628,803 | $(91,466,782) | $(3,119) | $(7) | $25,011,819 | $21,054 |
(e) | The rate shown is the 7-day SEC standardized yield as of July 31, 2020. |
(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. |
Open Futures Contracts(a) | ||||||||||
Long Futures Contracts | Number of Contracts | Expiration Month | Notional Value | Value | Unrealized Appreciation (Depreciation) | |||||
Equity Risk | ||||||||||
CBOE Volatility Index (VIX) Futures | 46 | August-2020 | $1,233,950 | $(155,256) | $(155,256) | |||||
CBOE Volatility Index (VIX) Futures | 29 | November-2020 | 870,725 | 1,785 | 1,785 | |||||
S&P 500 E-Mini Futures | 181 | September-2020 | 29,534,675 | 1,050,267 | 1,050,267 | |||||
S&P 500 Micro E-Mini Futures | 48 | September-2020 | 783,240 | 9,047 | 9,047 | |||||
Total Futures Contracts | $905,843 | $905,843 |
(a) | Futures contracts collateralized by $5,938,691 cash held with Merrill Lynch International, the futures commission merchant. |
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 Total Return Bond ETF (GTO)
July 31, 2020
(Unaudited)
Principal Amount | Value | |||
U.S. Dollar Denominated Bonds & Notes-46.31% | ||||
Advertising-0.60% | ||||
Interpublic Group of Cos., Inc. (The), 4.75%, 03/30/2030 | $ | 730,000 | $885,378 | |
Lamar Media Corp. | ||||
3.75%, 02/15/2028(b) | 703,000 | 711,348 | ||
4.00%, 02/15/2030(b) | 152,000 | 153,900 | ||
MDC Partners, Inc., 6.50%, 05/01/2024(b) | 250,000 | 237,252 | ||
1,987,878 | ||||
Airlines-0.84% | ||||
American Airlines Pass Through Trust, Series 2019-1, Class B, 3.85%, 02/15/2028 | 410,806 | 265,741 | ||
British Airways Pass Through Trust (United Kingdom) | ||||
Series 2019-1, Class A, 3.35%, 06/15/2029(b) | 320,665 | 268,268 | ||
Series 2019-1, Class AA, 3.30%, 12/15/2032(b) | 302,563 | 281,791 | ||
Delta Air Lines Pass Through Trust, Series 2020-1, Class AA, 2.00%, 06/10/2028 | 1,398,000 | 1,343,025 | ||
Southwest Airlines Co., 2.63%, 02/10/2030 | 677,000 | 621,132 | ||
2,779,957 | ||||
Apparel Retail-1.07% | ||||
Ross Stores, Inc. | ||||
3.38%, 09/15/2024 | 1,500,000 | 1,610,698 | ||
4.60%, 04/15/2025 | 656,000 | 755,791 | ||
4.70%, 04/15/2027 | 545,000 | 644,179 | ||
5.45%, 04/15/2050 | 400,000 | 542,975 | ||
3,553,643 | ||||
Asset Management & Custody Banks-1.08% | ||||
Ameriprise Financial, Inc., 3.00%, 04/02/2025 | 498,000 | 545,545 | ||
Apollo Management Holdings L.P. | ||||
2.65%, 06/05/2030(b) | 486,000 | 493,492 | ||
4.95%, 01/14/2050(b)(c) | 2,085,000 | 1,932,120 | ||
Bank of New York Mellon Corp. (The), Series G, 4.70%(d) | 568,000 | 616,439 | ||
3,587,596 | ||||
Auto Parts & Equipment-0.13% | ||||
Magna International, Inc. (Canada), 2.45%, 06/15/2030 | 409,000 | 435,128 | ||
Automobile Manufacturers-1.07% | ||||
Ford Motor Co., 8.50%, 04/21/2023 | 218,000 | 242,328 | ||
Ford Motor Credit Co. LLC, 3.09%, 01/09/2023 | 1,446,000 | 1,442,833 | ||
Hyundai Capital America | ||||
2.38%, 02/10/2023(b) | 400,000 | 408,144 | ||
5.75%, 04/06/2023(b) | 668,000 | 737,409 | ||
5.88%, 04/07/2025(b) | 370,000 | 433,157 | ||
Toyota Motor Credit Corp., 2.15%, 02/13/2030 | 264,000 | 285,907 | ||
3,549,778 | ||||
Automotive Retail-0.21% | ||||
Advance Auto Parts, Inc., 3.90%, 04/15/2030 | 632,000 | 697,820 | ||
Biotechnology-0.67% | ||||
AbbVie, Inc., 2.30%, 11/21/2022(b) | 1,722,000 | 1,789,360 | ||
Amgen, Inc., 3.15%, 02/21/2040 | 393,000 | 445,387 | ||
2,234,747 |
Principal Amount | Value | |||
Brewers-0.35% | ||||
Anheuser-Busch InBev Worldwide, Inc. (Belgium) | ||||
3.50%, 06/01/2030 | $ | 277,000 | $318,473 | |
4.35%, 06/01/2040 | 322,000 | 389,487 | ||
4.50%, 06/01/2050 | 354,000 | 449,502 | ||
1,157,462 | ||||
Broadcasting-0.19% | ||||
Fox Corp. | ||||
4.71%, 01/25/2029 | 366,000 | 446,668 | ||
3.50%, 04/08/2030 | 165,000 | 188,170 | ||
634,838 | ||||
Building Products-1.02% | ||||
Carrier Global Corp. | ||||
2.24%, 02/15/2025(b) | 1,269,000 | 1,326,966 | ||
2.49%, 02/15/2027(b) | 358,000 | 377,827 | ||
2.72%, 02/15/2030(b) | 1,284,000 | 1,359,742 | ||
HP Communities LLC | ||||
5.78%, 03/15/2046(b) | 150,000 | 187,683 | ||
5.86%, 09/15/2053(b) | 100,000 | 133,473 | ||
3,385,691 | ||||
Cable & Satellite-1.64% | ||||
CCO Holdings LLC/CCO Holdings Capital Corp. | ||||
4.25%, 02/01/2031(b) | 193,000 | 201,738 | ||
4.50%, 05/01/2032(b) | 940,000 | 992,875 | ||
Charter Communications Operating LLC/Charter Communications Operating Capital Corp., 5.05%, 03/30/2029 | 372,000 | 452,387 | ||
Comcast Corp. | ||||
3.95%, 10/15/2025 | 50,000 | 57,968 | ||
4.15%, 10/15/2028 | 243,000 | 298,883 | ||
4.60%, 10/15/2038 | 75,000 | 101,586 | ||
3.25%, 11/01/2039 | 1,250,000 | 1,475,243 | ||
3.45%, 02/01/2050 | 1,000,000 | 1,215,308 | ||
2.80%, 01/15/2051 | 481,000 | 523,394 | ||
4.95%, 10/15/2058 | 76,000 | 117,086 | ||
5,436,468 | ||||
Casinos & Gaming-0.07% | ||||
MGM China Holdings Ltd. (Macau), 5.38%, 05/15/2024(b) | 218,000 | 224,563 | ||
Construction & Engineering-0.13% | ||||
Shea Homes L.P./Shea Homes Funding Corp., 4.75%, 02/15/2028(b) | 421,000 | 442,679 | ||
Construction Machinery & Heavy Trucks-0.06% | ||||
Ashtead Capital, Inc. (United Kingdom), 4.00%, 05/01/2028(b) | 200,000 | 208,500 | ||
Consumer Finance-0.12% | ||||
Credit Acceptance Corp. | ||||
5.13%, 12/31/2024(b) | 325,000 | 331,662 | ||
6.63%, 03/15/2026 | 71,000 | 74,417 | ||
406,079 | ||||
Copper-0.21% | ||||
Freeport-McMoRan, Inc. | ||||
4.38%, 08/01/2028 | 312,000 | 331,399 | ||
4.63%, 08/01/2030(c) | 354,000 | 379,907 | ||
711,306 | ||||
Data Processing & Outsourced Services-0.12% | ||||
PayPal Holdings, Inc. | ||||
2.65%, 10/01/2026 | 216,000 | 239,178 | ||
2.85%, 10/01/2029 | 149,000 | 168,508 | ||
407,686 |
See accompanying notes which are an integral part of this schedule.
Invesco Total Return Bond ETF (GTO)—(continued)
July 31, 2020
(Unaudited)
Principal Amount | Value | |||
Distillers & Vintners-0.06% | ||||
Constellation Brands, Inc., 3.75%, 05/01/2050 | $ | 181,000 | $214,825 | |
Diversified Banks-6.02% | ||||
Africa Finance Corp. (Supranational), 4.38%, 04/17/2026(b) | 280,000 | 299,858 | ||
Banco del Estado de Chile (Chile), 2.70%, 01/09/2025(b) | 885,000 | 918,749 | ||
Bank of America Corp. | ||||
2.59%, 04/29/2031 | 415,000 | 446,132 | ||
1.90%, 07/23/2031 | 1,175,000 | 1,197,083 | ||
2.68%, 06/19/2041 | 2,058,000 | 2,199,994 | ||
Citigroup, Inc. | ||||
1.69% (3 mo. USD LIBOR + 1.38%), 03/30/2021(e) | 100,000 | 100,823 | ||
3.11%, 04/08/2026 | 567,000 | 617,448 | ||
3.98%, 03/20/2030 | 1,000,000 | 1,173,741 | ||
4.41%, 03/31/2031 | 474,000 | 578,365 | ||
2.57%, 06/03/2031 | 841,000 | 895,298 | ||
Series P, 5.95%(d) | 390,000 | 417,142 | ||
Series T, 6.25%(d) | 100,000 | 110,834 | ||
Series U, 5.00%(d) | 1,414,000 | 1,420,393 | ||
Credit Agricole S.A. (France), 1.91%, 06/16/2026(b) | 250,000 | 257,355 | ||
Federation des Caisses Desjardins du Quebec (Canada), 2.05%, 02/10/2025(b) | 662,000 | 689,711 | ||
HSBC Holdings PLC (United Kingdom), 6.25%(d) | 292,000 | 290,295 | ||
JPMorgan Chase & Co. | ||||
1.15% (3 mo. USD LIBOR + 0.89%), 07/23/2024(e) | 205,000 | 206,833 | ||
2.08%, 04/22/2026 | 736,000 | 773,527 | ||
3.70%, 05/06/2030 | 1,000,000 | 1,162,615 | ||
2.74%, 10/15/2030 | 615,000 | 673,216 | ||
2.96%, 05/13/2031 | 464,000 | 506,464 | ||
Series I, 3.74% (3 mo. USD LIBOR + 3.47%)(d)(e) | 59,000 | 56,647 | ||
Mizuho Financial Group, Inc. (Japan), 2.20%, 07/10/2031 | 907,000 | 936,785 | ||
Societe Generale S.A. (France), 7.38%(b)(d) | 205,000 | 211,333 | ||
Sumitomo Mitsui Financial Group, Inc. (Japan) | ||||
1.47%, 07/08/2025 | 417,000 | 427,938 | ||
3.04%, 07/16/2029 | 205,000 | 226,760 | ||
2.13%, 07/08/2030 | 997,000 | 1,035,785 | ||
Truist Bank, 2.25%, 03/11/2030 | 263,000 | 278,209 | ||
US Bancorp, 1.38%, 07/22/2030 | 477,000 | 484,004 | ||
Wells Fargo & Co. | ||||
2.19%, 04/30/2026 | 216,000 | 225,925 | ||
4.15%, 01/24/2029 | 1,000,000 | 1,190,696 | ||
20,009,958 | ||||
Diversified Capital Markets-0.45% | ||||
Credit Suisse Group AG (Switzerland) | ||||
4.19%, 04/01/2031(b) | 383,000 | 447,912 | ||
5.10%(b)(c)(d) | 492,000 | 486,957 | ||
7.50%(b)(d) | 200,000 | 211,047 | ||
UBS Group AG (Switzerland) | ||||
1.74% (3 mo. USD LIBOR + 1.44%), 09/24/2020(b)(e) | 200,000 | 200,415 | ||
2.05% (3 mo. USD LIBOR + 1.78%), 04/14/2021(b)(e) | 150,000 | 151,728 | ||
1,498,059 | ||||
Diversified Metals & Mining-0.44% | ||||
Anglo American Capital PLC (South Africa) | ||||
5.38%, 04/01/2025(b) | 601,000 | 693,421 | ||
5.63%, 04/01/2030(b) | 319,000 | 400,596 |
Principal Amount | Value | |||
Diversified Metals & Mining-(continued) | ||||
BHP Billiton Finance USA Ltd. (Australia), 6.75%, 10/19/2075(b) | $ | 150,000 | $177,383 | |
Teck Resources Ltd. (Canada), 6.13%, 10/01/2035 | 155,000 | 181,560 | ||
1,452,960 | ||||
Diversified REITs-0.87% | ||||
Atlantic Marine Corps Communities LLC, 5.34%, 12/01/2050(b) | 94,582 | 116,515 | ||
Brixmor Operating Partnership L.P., 4.05%, 07/01/2030 | 175,000 | 184,602 | ||
Fort Benning Family Communities LLC, 5.81%, 01/15/2051(b) | 200,000 | 235,615 | ||
iStar, Inc., 4.75%, 10/01/2024 | 603,000 | 596,593 | ||
Trust Fibra Uno (Mexico) | ||||
4.87%, 01/15/2030(b) | 1,355,000 | 1,361,355 | ||
6.39%, 01/15/2050(b) | 385,000 | 390,775 | ||
2,885,455 | ||||
Diversified Support Services-0.41% | ||||
TransJamaican Highway Ltd. (Jamaica), 5.75%, 10/10/2036(b) | 1,375,000 | 1,365,547 | ||
Education Services-0.06% | ||||
Northwestern University, 2.64%, 12/01/2050 | 175,000 | 194,828 | ||
Electric Utilities-0.56% | ||||
Commonwealth Edison Co., Series 127, 3.20%, 11/15/2049 | 667,000 | 794,148 | ||
Drax Finco PLC (United Kingdom), 6.63%, 11/01/2025(b) | 200,000 | 209,021 | ||
Empresas Publicas de Medellin E.S.P. (Colombia), 4.38%, 02/15/2031(b) | 280,000 | 287,000 | ||
NextEra Energy Capital Holdings, Inc., 2.75%, 05/01/2025 | 172,000 | 188,493 | ||
Southern Co. (The), Series A, 3.70%, 04/30/2030 | 331,000 | 386,123 | ||
1,864,785 | ||||
Electronic Components-1.39% | ||||
Corning, Inc., 5.45%, 11/15/2079 | 3,537,000 | 4,605,886 | ||
Electronic Manufacturing Services-0.20% | ||||
Jabil, Inc., 3.00%, 01/15/2031 | 644,000 | 654,762 | ||
Financial Exchanges & Data-0.17% | ||||
Moody’s Corp., 3.25%, 05/20/2050 | 170,000 | 195,819 | ||
MSCI, Inc., 3.88%, 02/15/2031(b) | 334,000 | 363,225 | ||
559,044 | ||||
Food Retail-0.18% | ||||
Albertsons Cos., Inc./Safeway, Inc./New Albertsons L.P./Albertson’s LLC, 3.50%, 02/15/2023(b) | 584,000 | 597,724 | ||
Gas Utilities-0.10% | ||||
East Ohio Gas Co. (The) | ||||
1.30%, 06/15/2025(b) | 216,000 | 222,738 | ||
3.00%, 06/15/2050(b) | 112,000 | 124,475 | ||
347,213 | ||||
Health Care Equipment-0.16% | ||||
Becton, Dickinson and Co., 3.79%, 05/20/2050 | 279,000 | 340,814 | ||
Children’s Hospital Corp. (The), 2.59%, 02/01/2050 | 195,000 | 205,260 | ||
546,074 | ||||
Health Care REITs-0.13% | ||||
Healthpeak Properties, Inc., 2.88%, 01/15/2031 | 275,000 | 292,429 | ||
Welltower, Inc., 3.10%, 01/15/2030 | 123,000 | 129,282 | ||
421,711 |
See accompanying notes which are an integral part of this schedule.
Invesco Total Return Bond ETF (GTO)—(continued)
July 31, 2020
(Unaudited)
Principal Amount | Value | |||
Health Care Services-0.24% | ||||
CVS Health Corp. | ||||
4.13%, 04/01/2040 | $ | 482,000 | $589,290 | |
4.25%, 04/01/2050 | 161,000 | 205,598 | ||
794,888 | ||||
Homebuilding-1.32% | ||||
M.D.C. Holdings, Inc. | ||||
3.85%, 01/15/2030 | 2,206,000 | 2,231,854 | ||
6.00%, 01/15/2043 | 500,000 | 576,110 | ||
Mattamy Group Corp. (Canada) | ||||
5.25%, 12/15/2027(b) | 698,000 | 726,356 | ||
4.63%, 03/01/2030(b) | 200,000 | 203,344 | ||
NVR, Inc., 3.00%, 05/15/2030 | 593,000 | 647,035 | ||
4,384,699 | ||||
Hotel & Resort REITs-0.05% | ||||
Service Properties Trust, 5.25%, 02/15/2026 | 180,000 | 162,450 | ||
Hotels, Resorts & Cruise Lines-0.20% | ||||
Choice Hotels International, Inc., 3.70%, 01/15/2031 | 212,000 | 220,917 | ||
Marriott Ownership Resorts, Inc., 4.75%, 01/15/2028(b) | 474,000 | 442,507 | ||
663,424 | ||||
Industrial Conglomerates-0.22% | ||||
GE Capital International Funding Co. Unlimited Co., 4.42%, 11/15/2035 | 273,000 | 282,198 | ||
General Electric Co., 5.55%, 01/05/2026 | 387,000 | 450,275 | ||
732,473 | ||||
Industrial REITs-0.83% | ||||
Duke Realty L.P., 2.88%, 11/15/2029 | 2,090,000 | 2,355,588 | ||
Lexington Realty Trust, 4.40%, 06/15/2024 | 300,000 | 307,778 | ||
Prologis L.P., 2.13%, 04/15/2027 | 76,000 | 81,563 | ||
2,744,929 | ||||
Integrated Oil & Gas-0.24% | ||||
Occidental Petroleum Corp., 2.60%, 08/13/2021 | 418,000 | 413,559 | ||
Saudi Arabian Oil Co. (Saudi Arabia), 2.88%, 04/16/2024(b) | 365,000 | 384,657 | ||
798,216 | ||||
Integrated Telecommunication Services-0.86% | ||||
AT&T, Inc. | ||||
1.50% (3 mo. USD LIBOR + 1.18%), 06/12/2024(e) | 102,000 | 103,544 | ||
3.10%, 02/01/2043 | 745,000 | 769,903 | ||
5.15%, 11/15/2046 | 390,000 | 504,287 | ||
3.50%, 02/01/2061 | 477,000 | 497,174 | ||
Colombia Telecomunicaciones S.A. ESP (Colombia), 4.95%, 07/17/2030(b) | 365,000 | 375,840 | ||
Verizon Communications, Inc., 3.88%, 02/08/2029 | 500,000 | 603,676 | ||
2,854,424 | ||||
Interactive Media & Services-1.31% | ||||
Baidu, Inc. (China) | ||||
3.08%, 04/07/2025 | 210,000 | 224,503 | ||
3.43%, 04/07/2030 | 215,000 | 240,972 | ||
Diamond Sports Group LLC/Diamond Sports Finance Co., 5.38%, 08/15/2026(b) | 313,000 | 241,788 | ||
Match Group Holdings II LLC | ||||
4.63%, 06/01/2028(b) | 215,000 | 227,546 | ||
5.63%, 02/15/2029(b) | 339,000 | 369,022 |
Principal Amount | Value | |||
Interactive Media & Services-(continued) | ||||
Tencent Holdings Ltd. (China) | ||||
1.81%, 01/26/2026(b) | $ | 200,000 | $204,664 | |
2.39%, 06/03/2030(b) | 495,000 | 516,330 | ||
3.24%, 06/03/2050(b) | 200,000 | 223,743 | ||
3.29%, 06/03/2060(b) | 200,000 | 230,082 | ||
Twitter, Inc., 3.88%, 12/15/2027(b) | 1,746,000 | 1,872,288 | ||
4,350,938 | ||||
Internet & Direct Marketing Retail-0.88% | ||||
Alibaba Group Holding Ltd. (China), 4.20%, 12/06/2047 | 1,000,000 | 1,331,935 | ||
Expedia Group, Inc., 4.63%, 08/01/2027(b) | 1,325,000 | 1,364,549 | ||
Prosus N.V. (Netherlands), 4.03%, 08/03/2050(b) | 220,000 | 230,082 | ||
2,926,566 | ||||
Investment Banking & Brokerage-1.36% | ||||
Charles Schwab Corp. (The), Series G, 5.38%(d) | 807,000 | 885,683 | ||
Goldman Sachs Group, Inc. (The), 3.50%, 04/01/2025 | 494,000 | 547,960 | ||
Morgan Stanley | ||||
2.19%, 04/28/2026 | 372,000 | 392,194 | ||
2.70%, 01/22/2031 | 1,940,000 | 2,117,832 | ||
National Securities Clearing Corp., 1.50%, 04/23/2025(b) | 265,000 | 275,709 | ||
Raymond James Financial, Inc., 4.65%, 04/01/2030 | 237,000 | 293,543 | ||
4,512,921 | ||||
Life & Health Insurance-1.46% | ||||
American Equity Investment Life Holding Co., 5.00%, 06/15/2027 | 350,000 | 382,674 | ||
Athene Global Funding, 2.50%, 01/14/2025(b) | 2,040,000 | 2,091,971 | ||
Athene Holding Ltd., 6.15%, 04/03/2030 | 529,000 | 633,127 | ||
Brighthouse Financial, Inc., 4.70%, 06/22/2047 | 905,000 | 891,410 | ||
MetLife, Inc., 9.25%, 04/08/2038(b) | 350,000 | 520,228 | ||
Nationwide Financial Services, Inc., 3.90%, 11/30/2049(b) | 303,000 | 328,330 | ||
4,847,740 | ||||
Managed Health Care-0.13% | ||||
MultiCare Health System, 2.80%, 08/15/2050 | 425,000 | 446,075 | ||
Movies & Entertainment-0.03% | ||||
Netflix, Inc., 5.38%, 11/15/2029(b) | 68,000 | 82,450 | ||
Multi-line Insurance-0.63% | ||||
American International Group, Inc., 3.40%, 06/30/2030 | 700,000 | 786,176 | ||
Fairfax Financial Holdings Ltd. (Canada), 4.63%, 04/29/2030(b) | 930,000 | 1,039,216 | ||
Massachusetts Mutual Life Insurance Co., 3.38%, 04/15/2050(b) | 249,000 | 276,864 | ||
2,102,256 | ||||
Multi-Utilities-0.14% | ||||
Dominion Energy, Inc., Series C, 3.38%, 04/01/2030 | 401,000 | 464,378 | ||
Office REITs-0.34% | ||||
Alexandria Real Estate Equities, Inc. | ||||
3.38%, 08/15/2031 | 83,000 | 96,039 | ||
4.00%, 02/01/2050 | 127,000 | 166,700 | ||
Boston Properties L.P., 3.25%, 01/30/2031 | 297,000 | 330,052 | ||
Highwoods Realty L.P., 2.60%, 02/01/2031 | 529,000 | 533,228 | ||
1,126,019 |
See accompanying notes which are an integral part of this schedule.
Invesco Total Return Bond ETF (GTO)—(continued)
July 31, 2020
(Unaudited)
Principal Amount | Value | |||
Oil & Gas Exploration & Production-0.67% | ||||
Canadian Natural Resources Ltd. (Canada) | ||||
2.05%, 07/15/2025 | $ | 1,001,000 | $1,019,248 | |
2.95%, 07/15/2030 | 464,000 | 475,411 | ||
Continental Resources, Inc., 5.00%, 09/15/2022 | 725,000 | 725,725 | ||
2,220,384 | ||||
Oil & Gas Refining & Marketing-0.17% | ||||
Petronas Capital Ltd. (Malaysia), 4.55%, 04/21/2050(b) | 410,000 | 564,578 | ||
Oil & Gas Storage & Transportation-4.29% | ||||
Enbridge, Inc. (Canada), Series 20-A, 5.75%, 07/15/2080 | 164,000 | 167,501 | ||
Energy Transfer Operating L.P. | ||||
6.00%, 06/15/2048 | 71,000 | 74,664 | ||
Series 20Y, 5.80%, 06/15/2038 | 71,000 | 73,278 | ||
Enterprise Products Operating LLC, 2.80%, 01/31/2030 | 663,000 | 713,841 | ||
Kinder Morgan, Inc. | ||||
6.50%, 09/15/2020 | 2,599,000 | 2,616,139 | ||
2.00%, 02/15/2031 | 396,000 | 394,180 | ||
3.25%, 08/01/2050 | 839,000 | 829,485 | ||
MPLX L.P. | ||||
1.21% (3 mo. USD LIBOR + 0.90%), 09/09/2021(e) | 524,000 | 521,595 | ||
1.41% (3 mo. USD LIBOR + 1.10%), 09/09/2022(e) | 379,000 | 375,571 | ||
NGPL PipeCo. LLC, 7.77%, 12/15/2037(b) | 1,250,000 | 1,596,333 | ||
ONEOK, Inc. | ||||
5.85%, 01/15/2026 | 280,000 | 319,169 | ||
6.35%, 01/15/2031 | 1,237,000 | 1,445,520 | ||
Plains All American Pipeline L.P., Series B, 6.13%(d) | 54,000 | 37,787 | ||
Plains All American Pipeline L.P./PAA Finance Corp., 3.80%, 09/15/2030 | 247,000 | 247,815 | ||
Western Midstream Operating L.P., 2.12% (3 mo. USD LIBOR + 1.85%), 01/13/2023(e) | 917,000 | 846,323 | ||
Williams Cos., Inc. (The), 4.13%, 11/15/2020 | 4,000,000 | 4,003,777 | ||
14,262,978 | ||||
Other Diversified Financial Services-0.49% | ||||
AMC East Communities LLC, 6.01%, 01/15/2053(b) | 189,923 | 226,554 | ||
Ares Finance Co. LLC, 4.00%, 10/08/2024(b) | 150,000 | 160,798 | ||
Carlyle Finance LLC, 5.65%, 09/15/2048(b) | 129,000 | 167,689 | ||
Fort Knox Military Housing Privatization Project, 0.52% (1 mo. USD LIBOR + 0.34%), 02/15/2052(b)(e) | 233,885 | 129,742 | ||
Mid-Atlantic Military Family Communities LLC, 5.30%, 08/01/2050(b) | 227,766 | 235,794 | ||
Pacific Beacon LLC | ||||
5.38%, 07/15/2026(b) | 83,233 | 91,158 | ||
5.51%, 07/15/2036(b) | 500,000 | 610,486 | ||
1,622,221 | ||||
Paper Packaging-0.08% | ||||
Cascades, Inc./Cascades USA, Inc. (Canada), 5.38%, 01/15/2028(b) | 253,000 | 262,646 | ||
Pharmaceuticals-0.75% | ||||
Merck & Co., Inc. | ||||
0.75%, 02/24/2026 | 1,041,000 | 1,057,713 | ||
1.45%, 06/24/2030 | 299,000 | 307,647 |
Principal Amount | Value | |||
Pharmaceuticals-(continued) | ||||
Takeda Pharmaceutical Co. Ltd. (Japan) | ||||
2.05%, 03/31/2030 | $ | 438,000 | $450,847 | |
3.03%, 07/09/2040 | 249,000 | 271,613 | ||
3.18%, 07/09/2050 | 352,000 | 387,330 | ||
2,475,150 | ||||
Property & Casualty Insurance-0.45% | ||||
Arch Capital Group Ltd., 3.64%, 06/30/2050 | 309,000 | 353,042 | ||
Fidelity National Financial, Inc., 3.40%, 06/15/2030 | 374,000 | 406,031 | ||
First American Financial Corp., 4.30%, 02/01/2023 | 300,000 | 315,901 | ||
W.R. Berkley Corp., 4.00%, 05/12/2050 | 347,000 | 407,897 | ||
1,482,871 | ||||
Railroads-0.09% | ||||
Norfolk Southern Corp., 2.55%, 11/01/2029 | 280,000 | 310,807 | ||
Regional Banks-0.89% | ||||
Citizens Bank N.A. | ||||
1.17% (3 mo. USD LIBOR + 0.81%), 05/26/2022(e) | 250,000 | 251,248 | ||
2.25%, 04/28/2025(c) | 387,000 | 411,784 | ||
Citizens Financial Group, Inc. | ||||
2.50%, 02/06/2030 | 435,000 | 465,073 | ||
3.25%, 04/30/2030 | 233,000 | 264,998 | ||
Fifth Third Bancorp | ||||
2.38%, 01/28/2025 | 515,000 | 547,424 | ||
2.55%, 05/05/2027 | 316,000 | 344,139 | ||
KeyCorp, 2.25%, 04/06/2027 | 633,000 | 676,460 | ||
2,961,126 | ||||
Reinsurance-0.21% | ||||
Global Atlantic Fin Co., 4.40%, 10/15/2029(b) | 680,000 | 709,843 | ||
Renewable Electricity-0.14% | ||||
Northern States Power Co., 2.60%, 06/01/2051 | 420,000 | 463,385 | ||
Residential REITs-0.23% | ||||
Camden Property Trust, 2.80%, 05/15/2030 | 208,000 | 231,706 | ||
Spirit Realty L.P. | ||||
4.00%, 07/15/2029 | 75,000 | 79,101 | ||
3.40%, 01/15/2030 | 335,000 | 340,197 | ||
VEREIT Operating Partnership L.P., 3.40%, 01/15/2028 | 105,000 | 109,106 | ||
760,110 | ||||
Retail REITs-0.60% | ||||
Kimco Realty Corp., 2.70%, 10/01/2030 | 358,000 | 370,417 | ||
Realty Income Corp., 3.25%, 01/15/2031 | 457,000 | 513,911 | ||
Simon Property Group L.P. | ||||
3.50%, 09/01/2025(c) | 169,000 | 186,241 | ||
2.65%, 07/15/2030 | 499,000 | 511,956 | ||
3.80%, 07/15/2050(c) | 372,000 | 407,571 | ||
1,990,096 | ||||
Semiconductor Equipment-0.08% | ||||
NXP B.V./NXP Funding LLC/NXP USA, Inc. (Netherlands), 3.40%, 05/01/2030(b) | 242,000 | 267,602 | ||
Semiconductors-1.00% | ||||
Analog Devices, Inc., 2.95%, 04/01/2025 | 200,000 | 220,009 | ||
Broadcom, Inc. | ||||
4.70%, 04/15/2025(b) | 1,070,000 | 1,224,998 | ||
5.00%, 04/15/2030(b) | 629,000 | 749,045 | ||
4.30%, 11/15/2032(b) | 635,000 | 730,092 |
See accompanying notes which are an integral part of this schedule.
Invesco Total Return Bond ETF (GTO)—(continued)
July 31, 2020
(Unaudited)
Principal Amount | Value | |||
Semiconductors-(continued) | ||||
Micron Technology, Inc. | ||||
4.98%, 02/06/2026 | $ | 60,000 | $70,507 | |
4.19%, 02/15/2027 | 275,000 | 315,989 | ||
3,310,640 | ||||
Soft Drinks-0.65% | ||||
Fomento Economico Mexicano, S.A.B. de C.V. (Mexico), 3.50%, 01/16/2050 | 1,936,000 | 2,173,785 | ||
Sovereign Debt-0.66% | ||||
Abu Dhabi Government International Bond (United Arab Emirates), 3.88%, 04/16/2050(b) | 370,000 | 470,359 | ||
Indonesia Government International Bond (Indonesia), 3.85%, 10/15/2030 | 410,000 | 472,429 | ||
Qatar Government International Bond (Qatar), 3.38%, 03/14/2024(b) | 200,000 | 217,407 | ||
Saudi Government International Bond (Saudi Arabia), 3.75%, 01/21/2055(b) | 519,000 | 599,107 | ||
Trinidad & Tobago Government International Bond (Trinidad), 4.50%, 06/26/2030(b) | 445,000 | 438,659 | ||
2,197,961 | ||||
Specialized Finance-0.32% | ||||
Mitsubishi UFJ Lease & Finance Co. Ltd. (Japan), 3.64%, 04/13/2025(b)(c) | 894,000 | 981,107 | ||
Park Aerospace Holdings Ltd. (Ireland), 5.25%, 08/15/2022(b) | 100,000 | 96,396 | ||
1,077,503 | ||||
Specialized REITs-1.29% | ||||
American Tower Corp., 3.10%, 06/15/2050 | 689,000 | 762,814 | ||
Crown Castle International Corp. | ||||
4.15%, 07/01/2050 | 180,000 | 228,432 | ||
3.25%, 01/15/2051 | 797,000 | 894,935 | ||
Iron Mountain, Inc. | ||||
5.00%, 07/15/2028(b) | 107,000 | 110,880 | ||
4.88%, 09/15/2029(b) | 452,000 | 471,323 | ||
5.25%, 07/15/2030(b) | 357,000 | 375,073 | ||
SBA Communications Corp., 3.88%, 02/15/2027(b) | 1,407,000 | 1,458,609 | ||
4,302,066 | ||||
Specialty Chemicals-0.14% | ||||
Braskem Idesa S.A.P.I. (Mexico), 7.45%, 11/15/2029(b) | 515,000 | 455,131 | ||
Steel-0.85% | ||||
POSCO (South Korea) | ||||
2.38%, 01/17/2023(b) | 2,245,000 | 2,302,665 | ||
2.50%, 01/17/2025(b) | 500,000 | 521,167 | ||
2,823,832 | ||||
Systems Software-0.33% | ||||
Oracle Corp., 3.60%, 04/01/2050 | 910,000 | 1,094,229 | ||
Technology Hardware, Storage & Peripherals-0.30% | ||||
Apple, Inc., 2.65%, 05/11/2050 | 623,000 | 691,076 | ||
Dell International LLC/EMC Corp. | ||||
5.85%, 07/15/2025(b) | 180,000 | 210,780 | ||
4.90%, 10/01/2026(b) | 70,000 | 79,038 | ||
980,894 | ||||
Tobacco-0.10% | ||||
Philip Morris International, Inc., 1.50%, 05/01/2025 | 312,000 | 322,993 | ||
Trading Companies & Distributors-0.34% | ||||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland), 4.50%, 09/15/2023 | 442,000 | 449,829 |
Principal Amount | Value | |||
Trading Companies & Distributors-(continued) | ||||
Aircastle Ltd., 4.40%, 09/25/2023 | $ | 500,000 | $496,050 | |
BOC Aviation Ltd. (Singapore), 1.41% (3 mo. USD LIBOR + 1.13%), 09/26/2023(b)(e) | 200,000 | 195,861 | ||
1,141,740 | ||||
Trucking-0.11% | ||||
Aviation Capital Group LLC | ||||
0.94% (3 mo. USD LIBOR + 0.67%), 07/30/2021(b)(e) | 69,000 | 65,634 | ||
4.13%, 08/01/2025(b) | 97,000 | 92,310 | ||
SMBC Aviation Capital Finance DAC (Ireland), 4.13%, 07/15/2023(b) | 204,000 | 214,282 | ||
372,226 | ||||
Wireless Telecommunication Services-0.06% | ||||
T-Mobile USA, Inc., 2.55%, 02/15/2031(b) | 193,000 | 200,739 | ||
Total U.S. Dollar Denominated Bonds & Notes (Cost $143,483,937) | 153,863,032 | |||
U.S. Government Sponsored Agency Mortgage-Backed Securities-19.11% | ||||
Collateralized Mortgage Obligations-2.63% | ||||
Fannie Mae Multifamily Connecticut Avenue Securities, Series 2019-01, Class M7, 1.87% (1 mo. USD LIBOR + 1.70%), 10/15/2049(b)(e)(f) | 1,877,741 | 1,775,973 | ||
Freddie Mac Military Housing Bonds Resecuritization Trust Ctfs., Series 2015-R1, Class B1, 2.67%, 11/25/2055(b)(g) | 948,778 | 1,158,057 | ||
Freddie Mac Multifamily Structured Pass Through Ctfs. | ||||
Series 2013-K026, Class X1, IO, 0.97%, 11/25/2022(g) | 4,975,067 | 88,217 | ||
Series 2013-K035, Class X1, IO, 0.37%, 08/25/2023(g) | 8,037,930 | 79,388 | ||
Series 2014-K036, Class X1, IO, 0.89%, 10/25/2023(g) | 5,834,013 | 120,736 | ||
Series 2014-K037, Class X1, IO, 0.96%, 01/25/2024(g) | 6,208,178 | 171,410 | ||
Series 2015-K042, Class X1, IO, 1.04%, 12/25/2024(g) | 4,320,778 | 169,275 | ||
Series 2017-K066, Class AM, 3.20%, 06/25/2027 | 250,000 | 287,070 | ||
Series 2017-KGX1, Class AFX, 3.00%, 10/25/2027 | 1,000,000 | 1,122,578 | ||
Series 2018-K074, Class AM, 3.60%, 02/25/2028 | 1,000,000 | 1,181,126 | ||
Series 2018-K154, Class A3, 3.46%, 11/25/2032 | 1,000,000 | 1,222,469 | ||
Series K038, Class X1, IO, 1.12%, 03/25/2024(g) | 4,080,540 | 139,769 | ||
Seasoned Credit Risk Transfer Trust | ||||
Series 2017-3, Class HT, 3.25%, 07/25/2056 | 391,219 | 436,315 | ||
Series 2017-4, Class HT, 3.25%, 06/25/2057 | 706,849 | 778,548 | ||
8,730,931 | ||||
Federal Home Loan Mortgage Corp. (FHLMC)-2.56% | ||||
3.55%, 10/01/2033 | 483,877 | 568,765 | ||
3.00%, 10/01/2034 | 891,591 | 936,373 | ||
4.00%, 11/01/2048 to 07/01/2049 | 925,858 | 986,949 | ||
3.50%, 08/01/2049 | 5,633,143 | 6,034,237 | ||
8,526,324 | ||||
Federal National Mortgage Association (FNMA)-6.41% | ||||
2.86%, 09/01/2029 | 500,000 | 566,259 | ||
2.99%, 09/01/2029 | 500,000 | 559,065 | ||
2.82%, 10/01/2029 | 500,000 | 564,873 |
See accompanying notes which are an integral part of this schedule.
Invesco Total Return Bond ETF (GTO)—(continued)
July 31, 2020
(Unaudited)
Principal Amount | Value | |||
Federal National Mortgage Association (FNMA)-(continued) | ||||
3.05%, 10/01/2029 | $ | 500,000 | $545,996 | |
2.90%, 11/01/2029 | 500,000 | 555,586 | ||
3.08%, 10/01/2032 | 750,000 | 879,713 | ||
3.24%, 11/01/2032 | 477,656 | 541,934 | ||
3.31%, 01/01/2033 | 1,000,000 | 1,211,404 | ||
2.50%, 10/01/2034 to 12/01/2034 | 4,276,527 | 4,538,787 | ||
3.50%, 05/01/2047 to 06/01/2047 | 3,865,756 | 4,180,779 | ||
4.00%, 11/01/2047 | 341,471 | 364,978 | ||
3.00%, 09/01/2049 to 10/01/2049 | 6,314,991 | 6,781,641 | ||
21,291,015 | ||||
Government National Mortgage Association (GNMA)-0.34% | ||||
4.00%, 07/20/2049 | 219,998 | 234,015 | ||
TBA, 3.00%, 08/01/2050(h) | 865,000 | 914,771 | ||
1,148,786 | ||||
Uniform Mortgage-Backed Securities-7.17% | ||||
TBA, 2.50%, 08/01/2035 to 08/01/2050(h) | 12,022,000 | 12,627,993 | ||
TBA, 3.00%, 08/01/2035 to 08/01/2050(h) | 10,585,000 | 11,189,283 | ||
23,817,276 | ||||
Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $60,864,491) | 63,514,332 | |||
U.S. Treasury Securities-15.92% | ||||
U.S. Treasury Bills-0.32% | ||||
0.39%, 09/03/2020(i)(j) | 1,057,000 | 1,056,920 | ||
U.S. Treasury Bonds-3.99% | ||||
1.13%, 05/15/2040 | 147,700 | 151,649 | ||
2.00%, 02/15/2050 | 10,906,500 | 13,106,972 | ||
13,258,621 | ||||
U.S. Treasury Notes-11.61% | ||||
0.13%, 07/15/2023 | 436,000 | 436,111 | ||
0.25%, 06/30/2025 | 15,180,100 | 15,209,749 | ||
0.50%, 06/30/2027 | 4,981,900 | 5,020,724 | ||
0.63%, 05/15/2030 | 17,777,700 | 17,927,699 | ||
38,594,283 | ||||
Total U.S. Treasury Securities (Cost $51,991,491) | 52,909,824 | |||
Asset-Backed Securities-14.88% | ||||
Anchorage Credit Funding 4 Ltd. (Cayman Islands), Series 2016-4A, Class A, 3.50%, 02/15/2035(b) | 500,000 | 504,125 | ||
Angel Oak Mortgage Trust | ||||
Series 2019-3, Class A1, 2.93%, 05/25/2059(b)(g) | 1,828,617 | 1,852,925 | ||
Series 2020-1, Class A1, 2.47%, 12/25/2059(b)(g) | 401,682 | 404,807 | ||
Series 2020-3, Class A1, 1.69%, 04/25/2065(b)(g) | 1,132,982 | 1,138,192 | ||
Bear Stearns Asset Backed Securities I Trust, Series 2006-HE9, Class 2A, 0.31% (1 mo. USD LIBOR + 0.14%), 11/25/2036(e) | 283,517 | 270,414 | ||
Benchmark Mortgage Trust | ||||
Series 2019-B14, Class A5, 3.05%, 12/15/2062 | 2,000,000 | 2,265,262 | ||
Series 2019-B14, Class C, 3.78%, 12/15/2062(g) | 930,000 | 953,397 | ||
Series 2019-B15, Class B, 3.56%, 12/15/2072 | 2,000,000 | 2,183,156 | ||
Chase Home Lending Mortgage Trust, Series 2019-ATR2, Class A3, 3.50%, 07/25/2049(b)(g) | 377,586 | 388,456 |
Principal Amount | Value | |||
Citigroup Mortgage Loan Trust, Inc., Series 2019-IMC1, Class A1, 2.72%, 07/25/2049(b)(g) | $ | 235,348 | $239,422 | |
COLT Mortgage Loan Trust | ||||
Series 2020-1, Class A1, 2.49%, 02/25/2050(b)(g) | 3,384,101 | 3,426,810 | ||
Series 2020-2, Class A1, 1.85%, 03/25/2065(b)(g) | 551,125 | 557,641 | ||
Credit Suisse Mortgage Capital Ctfs., Series 2020-SPT1, Class A1, 1.62%, 04/25/2065(b)(k) | 1,010,000 | 1,009,993 | ||
CSAIL Commercial Mortgage Trust, Series 2020-C19, Class A3, 2.56%, 03/15/2053 | 1,459,000 | 1,589,696 | ||
Deephaven Residential Mortgage Trust, Series 2019-4A, Class A1, 2.79%, 10/25/2059(b)(g) | 2,292,053 | 2,328,288 | ||
Domino’s Pizza Master Issuer LLC | ||||
Series 2017-1A, Class A2I, 2.24% (3 mo. USD LIBOR + 1.25%), 07/25/2047(b)(e) | 583,500 | 585,971 | ||
Series 2019-1A, Class A2, 3.67%, 10/25/2049(b) | 1,985,000 | 2,112,362 | ||
DT Auto Owner Trust | ||||
Series 2019-3A, Class C, 2.74%, 04/15/2025(b) | 150,000 | 152,141 | ||
Series 2019-3A, Class D, 2.96%, 04/15/2025(b) | 214,000 | 216,100 | ||
Ellington Financial Mortgage Trust | ||||
Series 2019-2, Class A1, 2.74%, 11/25/2059(b)(g) | 910,981 | 917,007 | ||
Series 2020-1, Class A1, 2.01%, 06/25/2065(b)(g) | 255,131 | 256,507 | ||
FREMF Mortgage Trust, Series 2013-K29, Class X2A, IO, 0.13%, 05/25/2046(b) | 27,734,101 | 69,729 | ||
Galton Funding Mortgage Trust, Series 2019-H1, Class A1, 2.66%, 10/25/2059(b)(g) | 991,965 | 1,016,258 | ||
GCAT Trust | ||||
Series 2019-NQM2, Class A1, 2.86%, 09/25/2059(b)(k) | 818,571 | 829,619 | ||
Series 2019-NQM3, Class A1, 2.69%, 11/25/2059(b) | 1,265,616 | 1,289,337 | ||
Goldentree Loan Management US CLO 2 Ltd. (Cayman Islands), Series 2017-2A, Class A, 1.42% (3 mo. USD LIBOR + 1.15%), 11/28/2030(b)(e) | 2,000,000 | 1,964,253 | ||
Golub Capital Partners CLO 16 Ltd. (Cayman Islands), Series 2013-16A, Class A2R, 2.10% (3 mo. USD LIBOR + 1.85%), 07/25/2029(b)(e) | 300,000 | 287,862 | ||
Golub Capital Partners CLO 41B Ltd. (Cayman Islands), Series 2019-41A, Class A, 1.64% (3 mo. USD LIBOR + 1.37%), 04/20/2029(b)(e) | 427,000 | 425,712 | ||
GS Mortgage Securities Corp. Trust, Series 2017-STAY, Class C, 1.53% (1 mo. USD LIBOR + 1.35%), 07/15/2032(b)(e) | 500,000 | 462,378 | ||
GS Mortgage Securities Trust | ||||
Series 2020-GC45, Class A5, 2.91%, 02/13/2053 | 1,560,000 | 1,747,612 | ||
Series 2020-GC47, Class A5, 2.38%, 05/12/2053 | 545,000 | 584,799 | ||
Hertz Vehicle Financing II L.P., Series 2019-2A, Class A, 3.42%, 05/25/2025(b) | 204,891 | 204,887 | ||
Horizon Aircraft Finance III Ltd. (Cayman Islands), Series 2019-2, Class A, 3.43%, 11/15/2039(b) | 388,095 | 342,008 | ||
JOL Air Ltd. (Cayman Islands), Series 2019-1, Class A, 3.97%, 04/15/2044(b) | 241,800 | 214,847 |
See accompanying notes which are an integral part of this schedule.
Invesco Total Return Bond ETF (GTO)—(continued)
July 31, 2020
(Unaudited)
Principal Amount | Value | |||
MACH 1 Cayman Ltd. (Cayman Islands), Series 2019-1, Class B, 4.34%, 10/15/2039(b) | $ | 235,465 | $144,379 | |
MMAF Equipment Finance LLC, Series 2020-A, Class A5, 1.56%, 10/09/2042(b) | 1,500,000 | 1,535,641 | ||
Morgan Stanley Capital I Trust, Series 2019-L3, Class AS, 3.49%, 11/15/2052 | 1,580,000 | 1,748,720 | ||
New Residential Mortgage Loan Trust | ||||
Series 2019-NQM4, Class A1, 2.49%, 09/25/2059(b)(g) | 831,461 | 843,500 | ||
Series 2020-NQM1, Series A1, 2.46%, 01/26/2060(b)(g) | 2,192,506 | 2,238,590 | ||
One Bryant Park Trust, Series 2019-OBP, Class A, 2.52%, 09/15/2054(b) | 457,000 | 495,360 | ||
PPM CLO 3 Ltd. (Cayman Islands), Series 2019-3A, Class A, 1.67% (3 mo. USD LIBOR + 1.40%), 07/17/2030(b)(e) | 250,000 | 248,127 | ||
Progress Residential Trust, Series 2020-SFR1, Class A, 1.73%, 04/17/2037(b) | 870,000 | 881,547 | ||
Race Point VIII CLO Ltd. (Cayman Islands), Series 2013-8A, Class AR2, 1.42% (3 mo. USD LIBOR + 1.04%), 02/20/2030(b)(e) | 677,866 | 666,025 | ||
Residential Mortgage Loan Trust | ||||
Series 2019-3, Class A1, 2.63%, 09/25/2059(b)(g) | 150,879 | 153,808 | ||
Series 2020-1, Class A1, 2.38%, 02/25/2024(b)(g) | 293,444 | 298,281 | ||
Sonic Capital LLC, Series 2020-1A, Class A2I, 3.85%, 01/20/2050(b) | 1,621,217 | 1,735,568 | ||
Starwood Mortgage Residential Trust, Series 2020-1, Class A1, 2.28%, 02/25/2050(b)(g) | 406,831 | 411,061 | ||
Store Master Funding I-VII, Series 2016-1A, Class A2, 4.32%, 10/20/2046(b) | 470,049 | 488,707 | ||
Taco Bell Funding LLC, Series 2016-1A, Class A23, 4.97%, 05/25/2046(b) | 145,500 | 155,889 | ||
Taconic Park CLO Ltd. (Cayman Islands), Series 2016-1A, Class A1R, 1.27% (3 mo. USD LIBOR + 1.00%), 01/20/2029(b)(e) | 958,000 | 941,041 | ||
Verus Securitization Trust, Series 2020-INV1, Class A1, 1.98%, 04/25/2060(b)(g) | 275,398 | 275,235 | ||
Wells Fargo Commercial Mortgage Trust, Series 2016-NXS5, Class XA, IO, 1.49%, 01/15/2059(g) | 1,674,089 | 96,641 | ||
Wendy’s Funding LLC | ||||
Series 2015-1A, Class A23, 4.50%, 06/15/2045(b) | 2,190,750 | 2,256,374 | ||
Series 2019-1A, Class A2II, 4.08%, 06/15/2049(b) | 490,000 | 527,921 | ||
Woodmont Trust, Series 2017-2A, Class A, 2.07% (3 mo. USD LIBOR + 1.80%), 07/18/2028(b)(e) | 500,000 | 494,157 | ||
Total Asset-Backed Securities (Cost $48,300,666) | 49,428,545 | |||
U.S. Government Sponsored Agency Securities-1.00% | ||||
Fannie Mae STRIPS | ||||
0.00%, 05/15/2029(l) | 450,000 | 409,012 | ||
0.00%, 01/15/2030(l) | 1,300,000 | 1,162,883 | ||
0.00%, 05/15/2030(l) | 850,000 | 756,995 | ||
Federal Home Loan Mortgage Corp., 0.00%, 12/14/2029(l) | 150,000 | 134,946 | ||
Freddie Mac STRIPS, 0.00%, 09/15/2030(l) | 350,000 | 310,319 |
Principal Amount | Value | |||
Tennessee Valley Authority | ||||
5.38%, 04/01/2056 | $ | 100,000 | $175,000 | |
4.25%, 09/15/2065 | 250,000 | 387,631 | ||
Total U.S. Government Sponsored Agency Securities (Cost $2,573,871) | 3,336,786 | |||
Municipal Obligations-0.93% | ||||
Auburn University, Series 2020 C, RB, 2.68%, 06/01/2050 | 215,000 | 220,035 | ||
Grand Parkway Transportation Corp., Series 2020, Ref. RB, 3.24%, 10/01/2052 | 525,000 | 558,815 | ||
Illinois (State of), Series 2010-1, GO Bonds, (INS -AGM), 6.63%, 02/01/2035(m) | 200,000 | 249,222 | ||
Los Angeles (City of), CA Department of Water & Power System, Series 2010, RB, 6.57%, 07/01/2045 | 255,000 | 453,936 | ||
Maryland (State of) Health & Higher Educational Facilities Authority (University of MD Medical System) | ||||
Series 2020 D, Ref. RB, 3.05%, 07/01/2040 | 215,000 | 222,970 | ||
Series 2020 D, Ref. RB, 3.20%, 07/01/2050 | 290,000 | 301,817 | ||
Massachusetts (Commonwealth of), Series 2020 C, Ref. GO Bonds, 2.51%, 07/01/2041 | 250,000 | 264,378 | ||
Texas (State of) Transportation Commission, Series 2020, Ref. GO Bonds, 2.56%, 04/01/2042 | 230,000 | 239,918 | ||
Texas (State of) Transportation Commission (Central Texas Turnpike System), Series 2020 C, Ref. RB, 3.03%, 08/15/2041 | 580,000 | 573,887 | ||
Total Municipal Obligations (Cost $2,903,846) | 3,084,978 | |||
Non-U.S. Dollar Denominated Bonds & Notes-0.34%(n) | ||||
Electric Utilities-0.04% | ||||
PT Perusahaan Perseroan (Persero) Perusahaan Listrik Negara (Indonesia), 1.88%, 11/05/2031(b) | EUR | 104,000 | 118,497 | |
Integrated Telecommunication Services-0.17% | ||||
AT&T, Inc., Series B, 2.88%(d) | EUR | 500,000 | 567,030 | |
Movies & Entertainment-0.04% | ||||
Netflix, Inc., 3.88%, 11/15/2029(b) | EUR | 100,000 | 131,801 | |
Sovereign Debt-0.09% | ||||
Ukraine Government International Bond (Ukraine), 4.38%, 01/27/2030(b) | EUR | 309,000 | 308,033 | |
Total Non-U.S. Dollar Denominated Bonds & Notes (Cost $1,113,959) | 1,125,361 | |||
Agency Credit Risk Transfer Notes-0.32% | ||||
Fannie Mae Connecticut Avenue Securities | ||||
Series 2018-C05, Class 1M2, 2.53% (1 mo. USD LIBOR + 2.35%), 01/25/2031(e)(f) | $ | 117,737 | 114,718 | |
Series 2019-R03, Class 1M2, 2.32% (1 mo. USD LIBOR + 2.15%), 09/25/2031(b)(e)(f) | 183,992 | 181,608 | ||
Series 2019-R06, Class 2M2, 2.28% (1 mo. USD LIBOR + 2.10%), 09/25/2039(b)(e)(f) | 271,507 | 269,988 |
See accompanying notes which are an integral part of this schedule.
Invesco Total Return Bond ETF (GTO)—(continued)
July 31, 2020
(Unaudited)
Principal Amount | Value | |||
Freddie Mac | ||||
Series 2016-DNA4, Class M3, STACR®, 3.97% (1 mo. USD LIBOR + 3.80%), 03/25/2029(e)(o) | $ | 242,016 | $246,565 | |
Series 2016-HQA4, Class M3, STACR®, 4.07% (1 mo. USD LIBOR + 3.90%), 04/25/2029(e)(o) | 251,000 | 257,573 | ||
Total Agency Credit Risk Transfer Notes (Cost $1,097,471) | 1,070,452 | |||
Shares | ||||
Preferred Stocks-0.11% | ||||
Diversified Banks-0.11% | ||||
Wells Fargo & Co., Class A, Series L, Conv. Pfd., 7.50%, (Cost $337,953) | 266 | 359,499 | ||
Purchased Call Options-0.05% | ||||
(Cost $142,695)† | 169,505 | |||
TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-98.97% (Cost $312,810,380) | 328,862,314 |
Shares | Value | |||
Investments Purchased with Cash Collateral from Securities on Loan | ||||
Money Market Funds-1.24% | ||||
Invesco Private Government Fund, 0.06%(p)(q)(r) | 3,074,885 | $3,074,885 | ||
Invesco Private Prime Fund, 0.15%(p)(q)(r) | 1,024,757 | 1,024,962 | ||
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $4,099,847) | 4,099,847 | |||
TOTAL INVESTMENTS IN SECURITIES-100.21% (Cost $316,910,227) | 332,962,161 | |||
OTHER ASSETS LESS LIABILITIES-(0.21)% | (681,820) | |||
NET ASSETS-100.00% | $332,280,341 |
See accompanying notes which are an integral part of this schedule.
Invesco Total Return Bond ETF (GTO)—(continued)
July 31, 2020
(Unaudited)
Investment Abbreviations: | |
AGM | -Assured Guaranty Municipal Corp. |
CLO | -Collateralized Loan Obligation |
Conv. | -Convertible |
Ctfs. | -Certificates |
EUR | -Euro |
GO | -General Obligation |
INS | -Insurer |
IO | -Interest Only |
LIBOR | -London Interbank Offered Rate |
Pfd. | -Preferred |
RB | -Revenue Bonds |
Ref. | -Refunding |
REIT | -Real Estate Investment Trust |
STACR® | -Structured Agency Credit Risk |
STRIPS | -Separately Traded Registered Interest and Principal Security |
TBA | -To Be Announced |
USD | -U.S. Dollar |
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) | 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 July 31, 2020 was $95,098,660, which represented 28.62% of the Fund’s Net Assets. |
(c) | All or a portion of this security was out on loan at July 31, 2020. |
(d) | Perpetual bond with no specified maturity date. |
(e) | Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on July 31, 2020. |
(f) | CAS notes are bonds issued by Fannie Mae. The amount of periodic principal and ultimate principal paid by Fannie Mae is determined by the performance of a large and diverse reference pool. |
(g) | Interest rate is redetermined periodically based on the cash flows generated by the pool of assets backing the security, less any applicable fees. The rate shown is the rate in effect on July 31, 2020. |
(h) | Security purchased on a forward commitment basis. This security is subject to dollar roll transactions. |
(i) | $1,056,920 was pledged as collateral to cover margin requirements for open futures contracts. |
(j) | Security traded on a discount basis. The interest rate shown represents the discount rate at the time of purchase by the Fund. |
(k) | Step coupon bond. The interest rate represents the coupon rate at which the bond will accrue at a specified future date. |
(l) | Denotes a zero coupon security issued at a substantial discount from its value at maturity. |
(m) | Principal and/or interest payments are secured by the bond insurance company listed. |
(n) | Foreign denominated security. Principal amount is denominated in the currency indicated. |
(o) | Principal payments are determined by the delinquency and principal payment experience on the STACR® reference pool. Freddie Mac transfers credit risk from the mortgages in the reference pool to credit investors who invest in the STACR® debt notes. |
(p) | Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the nine months ended July 31, 2020. |
Value October 31, 2019 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation | Realized Gain | Value July 31, 2020 | Dividend Income | |||||||
Investments Purchased with Cash Collateral from Securities on Loan: | |||||||||||||
Invesco Private Government Fund | $- | $69,468,288 | $(66,393,403) | $- | $- | $3,074,885 | $600 | ||||||
Invesco Private Prime Fund | - | 23,261,737 | (22,237,098) | - | 323 | 1,024,962 | 390 | ||||||
Total | $- | $92,730,025 | $(88,630,501) | $- | $323 | $4,099,847 | $990 |
(q) | The rate shown is the 7-day SEC standardized yield as of July 31, 2020. |
(r) | 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 table below details options purchased. |
See accompanying notes which are an integral part of this schedule.
Invesco Total Return Bond ETF (GTO)—(continued)
July 31, 2020
(Unaudited)
Open Exchange-Traded Index Options Purchased | ||||||||||||||
Description | Type of Contract | Expiration Date | Number of Contracts | Exercise Price | Notional Value* | Value | ||||||||
Equity Risk | ||||||||||||||
S&P 500 Index | Call | 06/18/2021 | 7 | $3,300 | $2,310,000 | $169,505 |
* | Notional Value is calculated by multiplying the Number of Contracts by the Exercise Price by the multiplier. |
Open Futures Contracts | ||||||||||
Long Futures Contracts | Number of Contracts | Expiration Month | Notional Value | Value | Unrealized Appreciation (Depreciation) | |||||
Interest Rate Risk | ||||||||||
U.S. Treasury 2 Year Notes | 278 | September-2020 | $61,433,656 | $62,437 | $62,437 | |||||
U.S. Treasury 5 Year Notes | 77 | September-2020 | 9,711,625 | 46,766 | 46,766 | |||||
U.S. Treasury Long Bonds | 66 | September-2020 | 12,030,563 | 255,030 | 255,030 | |||||
Subtotal—Long Futures Contracts | 364,233 | 364,233 | ||||||||
Short Futures Contracts | ||||||||||
Interest Rate Risk | ||||||||||
U.S. Treasury 10 Year Notes | 85 | September-2020 | (11,906,641) | (104,364) | (104,364) | |||||
U.S. Treasury 10 Year Ultra Bonds | 318 | September-2020 | (50,641,500) | (765,112) | (765,112) | |||||
U.S. Treasury Ultra Bonds | 20 | September-2020 | (4,553,750) | (91,884) | (91,884) | |||||
Subtotal—Short Futures Contracts | (961,360) | (961,360) | ||||||||
Total Futures Contracts | $(597,127) | $(597,127) |
Open Forward Foreign Currency Contracts | ||||||||||
Settlement Date | Counterparty | Contract to | Unrealized Appreciation (Depreciation) | |||||||
Deliver | Receive | |||||||||
Currency Risk | ||||||||||
8/28/2020 | Goldman Sachs & Co. | CAD | 57,902 | USD | 41,892 | $(1,337) | ||||
8/28/2020 | Goldman Sachs & Co. | EUR | 1,235,000 | USD | 1,358,393 | (102,895) | ||||
Total Forward Foreign Currency Contracts | $(104,232) |
Abbreviations: | |
CAD | -Canadian Dollar |
EUR | -Euro |
USD | -U.S. Dollar |
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 Ultra Short Duration ETF (GSY)
July 31, 2020
(Unaudited)
Principal Amount | Value | |||
U.S. Dollar Denominated Bonds & Notes-45.00% | ||||
Advertising-0.07% | ||||
Interpublic Group of Cos., Inc. (The), 3.50%, 10/01/2020 | $ | 2,000,000 | $2,009,716 | |
Aerospace & Defense-0.56% | ||||
Raytheon Technologies Corp., 2.50%, 12/15/2022(b) | 15,000,000 | 15,590,017 | ||
Agricultural & Farm Machinery-0.92% | ||||
B.A.T. Capital Corp. (United Kingdom), 2.76%, 08/15/2022 | 12,685,000 | 13,194,101 | ||
John Deere Capital Corp. | ||||
0.72% (3 mo. USD LIBOR + 0.40%), 06/07/2021(c) | 9,639,000 | 9,666,050 | ||
1.20%, 04/06/2023 | 2,687,000 | 2,749,591 | ||
25,609,742 | ||||
Apparel, Accessories & Luxury Goods-0.13% | ||||
Ralph Lauren Corp., 1.70%, 06/15/2022 | 3,519,000 | 3,590,608 | ||
Application Software-0.18% | ||||
Intuit, Inc., 0.65%, 07/15/2023 | 5,000,000 | 5,035,679 | ||
Automobile Manufacturers-3.36% | ||||
American Honda Finance Corp. | ||||
0.75% (3 mo. USD LIBOR + 0.47%), 01/08/2021(c)(d) | 10,666,000 | 10,682,130 | ||
0.67% (3 mo. USD LIBOR + 0.35%), 06/11/2021(c) | 5,625,000 | 5,632,248 | ||
Daimler Finance North America LLC (Germany), 2.55%, 08/15/2022(b) | 500,000 | 517,339 | ||
General Motors Co., 1.27% (3 mo. USD LIBOR + 0.80%), 08/07/2020(c) | 6,552,000 | 6,552,239 | ||
Hyundai Capital America, 1.22% (3 mo. USD LIBOR + 0.94%), 07/08/2021(b)(c) | 10,000,000 | 9,940,984 | ||
Toyota Motor Credit Corp. | ||||
2.60%, 01/11/2022 | 6,000,000 | 6,194,817 | ||
0.79% (3 mo. USD LIBOR + 0.40%), 05/17/2022(c)(d) | 12,260,000 | 12,280,316 | ||
0.45%, 07/22/2022 | 6,800,000 | 6,809,968 | ||
Volkswagen Group of America Finance LLC (Germany) | ||||
1.20% (3 mo. USD LIBOR + 0.77%), 11/13/2020(b)(c) | 6,775,000 | 6,776,602 | ||
2.50%, 09/24/2021(b) | 15,455,000 | 15,761,578 | ||
2.70%, 09/26/2022(b) | 6,385,000 | 6,639,349 | ||
3.13%, 05/12/2023(b) | 5,091,000 | 5,406,142 | ||
93,193,712 | ||||
Biotechnology-1.28% | ||||
AbbVie, Inc. | ||||
0.84% (3 mo. USD LIBOR + 0.46%), 11/19/2021(b)(c) | 15,000,000 | 15,031,262 | ||
2.30%, 11/21/2022(b) | 8,000,000 | 8,312,940 | ||
Shire Acquisitions Investments Ireland DAC, 2.40%, 09/23/2021 | 12,000,000 | 12,241,828 | ||
35,586,030 | ||||
Cable & Satellite-0.73% | ||||
Comcast Corp., 0.74% (3 mo. USD LIBOR + 0.44%), 10/01/2021(c)(d) | 20,000,000 | 20,081,616 | ||
Construction Machinery & Heavy Trucks-0.18% | ||||
Caterpillar Financial Services Corp., 0.50% (3 mo. USD LIBOR + 0.22%), 01/06/2022(c) | 4,938,000 | 4,942,326 |
Principal Amount | Value | |||
Consumer Finance-1.53% | ||||
American Express Co. | ||||
0.91% (3 mo. USD LIBOR + 0.53%), 05/17/2021(c) | $ | 5,000,000 | $5,017,632 | |
0.85% (3 mo. USD LIBOR + 0.60%), 11/05/2021(c) | 17,000,000 | 17,090,319 | ||
Capital One Financial Corp. | ||||
0.72% (3 mo. USD LIBOR + 0.45%), 10/30/2020(c) | 4,100,000 | 4,101,809 | ||
1.26% (3 mo. USD LIBOR + 0.95%), 03/09/2022(c) | 10,000,000 | 10,067,898 | ||
2.60%, 05/11/2023 | 5,823,000 | 6,113,642 | ||
42,391,300 | ||||
Data Processing & Outsourced Services-0.55% | ||||
PayPal Holdings, Inc. | ||||
2.20%, 09/26/2022 | 10,105,000 | 10,491,497 | ||
1.35%, 06/01/2023 | 4,688,000 | 4,807,557 | ||
15,299,054 | ||||
Diversified Banks-11.50% | ||||
ABN AMRO Bank N.V. (Netherlands), 0.94% (3 mo. USD LIBOR + 0.57%), 08/27/2021(b)(c) | 4,834,000 | 4,860,534 | ||
Australia & New Zealand Banking Group Ltd. (Australia), 0.85% (3 mo. USD LIBOR + 0.46%), 05/17/2021(b)(c) | 4,737,000 | 4,753,565 | ||
Bank of America Corp. | ||||
0.95% (3 mo. USD LIBOR + 0.65%), 10/01/2021(c) | 8,850,000 | 8,859,911 | ||
0.95% (3 mo. USD LIBOR + 0.65%), 06/25/2022(c) | 12,000,000 | 12,032,359 | ||
3.30%, 01/11/2023 | 6,000,000 | 6,410,012 | ||
BPCE S.A. (France), 1.58% (3 mo. USD LIBOR + 1.22%), 05/22/2022(b)(c) | 12,000,000 | 12,116,691 | ||
Canadian Imperial Bank of Commerce (Canada), 0.95%, 06/23/2023(d) | 17,045,000 | 17,224,101 | ||
Citizens Bank N.A., 3.25%, 02/14/2022 | 6,431,000 | 6,679,068 | ||
Credit Agricole Corporate & Investment Bank S.A. (France) | ||||
0.65% (3 mo. USD LIBOR + 0.40%), 05/03/2021(b)(c) | 10,000,000 | 10,023,963 | ||
0.92% (3 mo. USD LIBOR + 0.63%), 10/03/2021(c) | 7,360,000 | 7,365,596 | ||
Danske Bank A/S (Denmark), 2.70%, 03/02/2022(b) | 9,000,000 | 9,283,953 | ||
HSBC Bank PLC (United Kingdom), 4.13%, 08/12/2020(b) | 4,500,000 | 4,503,819 | ||
HSBC Holdings PLC (United Kingdom), 0.97% (3 mo. USD LIBOR + 0.65%), 09/11/2021(c) | 10,714,000 | 10,720,101 | ||
KeyBank N.A., 0.91% (3 mo. USD LIBOR + 0.66%), 02/01/2022(c) | 11,538,000 | 11,604,022 | ||
Lloyds Bank PLC (United Kingdom), 0.96% (3 mo. USD LIBOR + 0.49%), 05/07/2021(c) | 6,521,000 | 6,538,051 | ||
Mitsubishi UFJ Financial Group, Inc. (Japan) | ||||
2.23% (3 mo. USD LIBOR + 1.88%), 03/01/2021(c) | 3,342,000 | 3,373,074 | ||
0.89% (3 mo. USD LIBOR + 0.65%), 07/26/2021(c) | 15,667,000 | 15,736,201 | ||
1.37% (3 mo. USD LIBOR + 1.06%), 09/13/2021(c)(d) | 5,000,000 | 5,045,864 |
See accompanying notes which are an integral part of this schedule.
Invesco Ultra Short Duration ETF (GSY)—(continued)
July 31, 2020
(Unaudited)
Principal Amount | Value | |||
Diversified Banks-(continued) | ||||
Mizuho Financial Group, Inc. (Japan) | ||||
1.45% (3 mo. USD LIBOR + 1.14%), 09/13/2021(c) | $ | 6,850,000 | $6,917,133 | |
2.60%, 09/11/2022 | 6,500,000 | 6,762,037 | ||
MUFG Union Bank N.A., 3.15%, 04/01/2022 | 7,500,000 | 7,822,947 | ||
National Australia Bank Ltd. (Australia), 0.96% (3 mo. USD LIBOR + 0.71%), 11/04/2021(b)(c) | 12,000,000 | 12,087,810 | ||
National Bank of Canada (Canada), 0.90%, 08/15/2023 | 5,000,000 | 5,031,569 | ||
NatWest Markets PLC (United Kingdom), 3.63%, 09/29/2022(b) | 17,600,000 | 18,605,958 | ||
Nordea Bank Abp (Finland), 1.00%, 06/09/2023(b) | 7,407,000 | 7,537,399 | ||
Royal Bank of Canada (Canada) | ||||
0.48% (3 mo. USD LIBOR + 0.24%), 10/26/2020(c) | 5,000,000 | 5,002,865 | ||
0.66% (3 mo. USD LIBOR + 0.39%), 04/30/2021(c) | 10,000,000 | 10,025,822 | ||
Sumitomo Mitsui Banking Corp. (Japan), 0.64% (3 mo. USD LIBOR + 0.37%), 10/16/2020(c) | 6,667,000 | 6,671,749 | ||
Sumitomo Mitsui Financial Group, Inc. (Japan) | ||||
1.99% (3 mo. USD LIBOR + 1.68%), 03/09/2021(c) | 1,000,000 | 1,009,044 | ||
1.41% (3 mo. USD LIBOR + 1.14%), 10/19/2021(c) | 10,050,000 | 10,170,717 | ||
Toronto-Dominion Bank (The) (Canada), 0.61% (3 mo. USD LIBOR + 0.35%), 07/22/2022(c) | 10,000,000 | 9,976,585 | ||
Truist Bank | ||||
0.75% (3 mo. USD LIBOR + 0.50%), 10/26/2021(c) | 8,277,000 | 8,284,422 | ||
0.98% (3 mo. USD LIBOR + 0.59%), 05/17/2022(c) | 10,833,000 | 10,872,139 | ||
U.S. Bank N.A., 0.77% (3 mo. USD LIBOR + 0.38%), 11/16/2021(c) | 9,091,000 | 9,119,368 | ||
UBS AG (Switzerland), 4.88%, 08/04/2020 | 10,250,000 | 10,250,000 | ||
United Overseas Bank Ltd. (Singapore), 0.74% (3 mo. USD LIBOR + 0.48%), 04/23/2021(b)(c) | 2,500,000 | 2,499,814 | ||
Wells Fargo Bank N.A., 2.90%, 05/27/2022 | 12,500,000 | 12,745,676 | ||
318,523,939 | ||||
Diversified Capital Markets-1.83% | ||||
Credit Suisse AG (Switzerland) | ||||
0.55% (SOFR + 0.45%), 02/04/2022(c) | 15,000,000 | 14,992,088 | ||
1.00%, 05/05/2023 | 13,636,000 | 13,799,805 | ||
Macquarie Bank Ltd. (Australia), 2.85%, 01/15/2021(b) | 13,000,000 | 13,147,465 | ||
UBS Group AG (Switzerland), 2.05% (3 mo. USD LIBOR + 1.78%), 04/14/2021(b)(c) | 8,550,000 | 8,648,519 | ||
50,587,877 | ||||
Electric Utilities-1.18% | ||||
Duke Energy Corp., 0.92% (3 mo. USD LIBOR + 0.50%), 05/14/2021(b)(c) | 17,300,000 | 17,339,769 | ||
NextEra Energy Capital Holdings, Inc. | ||||
0.73% (3 mo. USD LIBOR + 0.48%), 05/04/2021(c) | 8,000,000 | 8,018,558 | ||
Series H, 3.34%, 09/01/2020 | 7,200,000 | 7,216,629 | ||
32,574,956 |
Principal Amount | Value | |||
Fertilizers & Agricultural Chemicals-0.20% | ||||
Nutrien Ltd. (Canada), 1.90%, 05/13/2023 | $ | 5,300,000 | $5,474,549 | |
Health Care Distributors-0.13% | ||||
McKesson Corp., 3.65%, 11/30/2020 | 3,583,000 | 3,622,561 | ||
Health Care Equipment-0.16% | ||||
Zimmer Biomet Holdings, Inc., 1.07% (3 mo. USD LIBOR + 0.75%), 03/19/2021(c) | 4,450,000 | 4,450,422 | ||
Health Care Services-0.81% | ||||
Cigna Corp., 3.20%, 09/17/2020 | 3,000,000 | 3,010,273 | ||
CVS Health Corp. | ||||
1.03% (3 mo. USD LIBOR + 0.72%), 03/09/2021(c) | 3,250,000 | 3,262,780 | ||
2.13%, 06/01/2021 | 5,483,000 | 5,553,995 | ||
Express Scripts Holding Co., 1.11% (3 mo. USD LIBOR + 0.75%), 11/30/2020(c) | 10,700,000 | 10,701,427 | ||
22,528,475 | ||||
Hotels, Resorts & Cruise Lines-0.73% | ||||
Marriott International, Inc. | ||||
0.97% (3 mo. USD LIBOR + 0.65%), 03/08/2021(c) | 1,986,000 | 1,972,252 | ||
Series N, 3.13%, 10/15/2021 | 11,412,000 | 11,588,662 | ||
Series Y, 0.95% (3 mo. USD LIBOR + 0.60%), 12/01/2020(c) | 6,667,000 | 6,625,041 | ||
20,185,955 | ||||
Household Products-0.10% | ||||
Reynolds Group Issuer, Inc./LLC, 3.78% (3 mo. USD LIBOR + 3.50%), 07/15/2021(b)(c) | 2,800,000 | 2,800,700 | ||
Industrial Conglomerates-0.48% | ||||
General Electric Co., 4.63%, 01/07/2021(d) | 6,176,000 | 6,271,809 | ||
Siemens Financieringsmaatschappij N.V. (Germany), 1.70%, 09/15/2021(b) | 6,904,000 | 7,005,378 | ||
13,277,187 | ||||
Insurance Brokers-0.67% | ||||
Aon PLC, 2.80%, 03/15/2021 | 7,510,000 | 7,610,872 | ||
Marsh & McLennan Cos., Inc. | ||||
3.50%, 12/29/2020 | 5,000,000 | 5,064,377 | ||
1.51% (3 mo. USD LIBOR + 1.20%), 12/29/2021(c) | 6,000,000 | 6,003,301 | ||
18,678,550 | ||||
Integrated Oil & Gas-0.76% | ||||
BP Capital Markets America, Inc., 3.22%, 11/28/2023 | 7,495,000 | 8,100,933 | ||
Exxon Mobil Corp., 1.57%, 04/15/2023 | 12,409,000 | 12,800,676 | ||
20,901,609 | ||||
Integrated Telecommunication Services-0.41% | ||||
AT&T, Inc., 1.23% (3 mo. USD LIBOR + 0.95%), 07/15/2021(c) | 11,315,000 | 11,408,669 | ||
Investment Banking & Brokerage-1.51% | ||||
Goldman Sachs Group, Inc. (The) | ||||
1.51% (3 mo. USD LIBOR + 1.20%), 09/15/2020(c) | 250,000 | 250,094 | ||
2.88%, 02/25/2021 | 8,050,000 | 8,147,764 | ||
Morgan Stanley | ||||
0.93% (SOFR + 0.83%), 06/10/2022(c) | 18,000,000 | 18,033,921 | ||
3.13%, 01/23/2023 | 14,598,000 | 15,521,339 | ||
41,953,118 |
See accompanying notes which are an integral part of this schedule.
Invesco Ultra Short Duration ETF (GSY)—(continued)
July 31, 2020
(Unaudited)
Principal Amount | Value | |||
IT Consulting & Other Services-0.36% | ||||
International Business Machines Corp., 0.83% (3 mo. USD LIBOR + 0.40%), 05/13/2021(c) | $ | 10,000,000 | $10,033,338 | |
Life & Health Insurance-4.59% | ||||
AIG Global Funding | ||||
0.76% (3 mo. USD LIBOR + 0.46%), 06/25/2021(b)(c) | 4,000,000 | 4,013,229 | ||
2.30%, 07/01/2022(b) | 5,000,000 | 5,172,602 | ||
0.80%, 07/07/2023(b) | 7,317,000 | 7,364,791 | ||
Jackson National Life Global Funding | ||||
3.30%, 02/01/2022(b) | 10,000,000 | 10,380,633 | ||
0.71% (SOFR + 0.60%), 01/06/2023(b)(c) | 10,000,000 | 9,921,377 | ||
MET Tower Global Funding, 0.66% (SOFR + 0.55%), 01/17/2023(b)(c) | 10,000,000 | 9,966,729 | ||
Metropolitan Life Global Funding I | ||||
0.66% (SOFR + 0.57%), 09/07/2020(b)(c) | 5,402,000 | 5,404,208 | ||
2.50%, 12/03/2020(b)(d) | 15,794,000 | 15,911,228 | ||
0.51% (3 mo. USD LIBOR + 0.23%), 01/08/2021(b)(c) | 16,100,000 | 16,113,543 | ||
0.68% (SOFR + 0.57%), 01/13/2023(b)(c) | 3,749,000 | 3,743,161 | ||
0.90%, 06/08/2023(b) | 9,524,000 | 9,642,329 | ||
New York Life Global Funding | ||||
0.53% (3 mo. USD LIBOR + 0.28%), 01/28/2021(b)(c) | 3,500,000 | 3,504,257 | ||
2.00%, 04/13/2021(b) | 5,000,000 | 5,061,645 | ||
0.82% (3 mo. USD LIBOR + 0.32%), 08/06/2021(b)(c) | 6,665,000 | 6,686,525 | ||
0.71% (3 mo. USD LIBOR + 0.44%), 07/12/2022(b)(c) | 7,407,000 | 7,452,675 | ||
1.10%, 05/05/2023(b) | 3,243,000 | 3,310,138 | ||
Principal Life Global Funding II, 2.63%, 11/19/2020(b) | 3,470,000 | 3,493,165 | ||
127,142,235 | ||||
Managed Health Care-0.50% | ||||
Aetna, Inc., 4.13%, 06/01/2021 | 12,000,000 | 12,218,254 | ||
UnitedHealth Group, Inc., 2.13%, 03/15/2021 | 1,735,000 | 1,754,932 | ||
13,973,186 | ||||
Movies & Entertainment-0.17% | ||||
Walt Disney Co. (The), 0.60% (3 mo. USD LIBOR + 0.25%), 09/01/2021(c) | 4,762,000 | 4,759,076 | ||
Multi-line Insurance-0.30% | ||||
Assurant, Inc., 1.53% (3 mo. USD LIBOR + 1.25%), 03/26/2021(c) | 510,000 | 509,873 | ||
MassMutual Global Funding II, 2.50%, 04/13/2022(b) | 7,500,000 | 7,780,519 | ||
8,290,392 | ||||
Oil & Gas Exploration & Production-0.49% | ||||
Apache Corp., 3.63%, 02/01/2021 | 1,626,000 | 1,632,016 | ||
ConocoPhillips, 1.29% (3 mo. USD LIBOR + 0.90%), 05/15/2022(c) | 11,853,000 | 11,945,787 | ||
13,577,803 | ||||
Oil & Gas Refining & Marketing-0.07% | ||||
Phillips 66, 0.96% (3 mo. USD LIBOR + 0.60%), 02/26/2021(c) | 1,900,000 | 1,900,084 | ||
Oil & Gas Storage & Transportation-1.83% | ||||
Enterprise Products Operating LLC, 2.80%, 02/15/2021 | 19,753,000 | 19,995,559 |
Principal Amount | Value | |||
Oil & Gas Storage & Transportation-(continued) | ||||
Kinder Morgan Energy Partners L.P., 5.30%, 09/15/2020 | $ | 16,742,000 | $16,833,739 | |
Kinder Morgan, Inc., 5.00%, 02/15/2021(b) | 8,794,000 | 8,960,405 | ||
MPLX L.P., 1.41% (3 mo. USD LIBOR + 1.10%), 09/09/2022(c) | 2,844,000 | 2,818,269 | ||
Williams Cos., Inc. (The), 4.13%, 11/15/2020 | 2,000,000 | 2,001,889 | ||
50,609,861 | ||||
Packaged Foods & Meats-1.51% | ||||
General Mills, Inc. | ||||
0.81% (3 mo. USD LIBOR + 0.54%), 04/16/2021(c) | 8,100,000 | 8,123,996 | ||
3.20%, 04/16/2021 | 6,000,000 | 6,115,559 | ||
Mondelez International Holdings Netherlands B.V. | ||||
2.00%, 10/28/2021(b) | 18,052,000 | 18,368,681 | ||
2.13%, 09/19/2022(b) | 8,995,000 | 9,311,863 | ||
41,920,099 | ||||
Pharmaceuticals-1.56% | ||||
Bayer US Finance II LLC (Germany), 0.93% (3 mo. USD LIBOR + 0.63%), 06/25/2021(b)(c) | 13,606,000 | 13,641,228 | ||
Bristol-Myers Squibb Co., 0.59% (3 mo. USD LIBOR + 0.20%), 11/16/2020(c) | 7,500,000 | 7,503,355 | ||
GlaxoSmithKline Capital PLC (United Kingdom), 0.77% (3 mo. USD LIBOR + 0.35%), 05/14/2021(c) | 6,757,000 | 6,772,574 | ||
Mylan N.V., 3.15%, 06/15/2021 | 15,000,000 | 15,309,011 | ||
43,226,168 | ||||
Restaurants-0.39% | ||||
McDonald’s Corp., 0.68% (3 mo. USD LIBOR + 0.43%), 10/28/2021(c) | 10,652,000 | 10,678,919 | ||
Retail REITs-0.48% | ||||
Realty Income Corp., 3.25%, 10/15/2022 | 3,798,000 | 3,992,299 | ||
WEA Finance LLC/Westfield UK & Europe Finance PLC (France), 3.25%, 10/05/2020(b) | 9,397,000 | 9,404,103 | ||
13,396,402 | ||||
Semiconductors-0.44% | ||||
Analog Devices, Inc., 2.50%, 12/05/2021 | 11,789,000 | 12,087,040 | ||
Soft Drinks-0.46% | ||||
Keurig Dr Pepper, Inc., 3.55%, 05/25/2021 | 12,500,000 | 12,815,705 | ||
Technology Hardware, Storage & Peripherals-1.04% | ||||
Apple, Inc., 0.75%, 05/11/2023 | 7,143,000 | 7,228,981 | ||
Hewlett Packard Enterprise Co. | ||||
3.60%, 10/15/2020 | 10,000,000 | 10,031,831 | ||
1.00% (3 mo. USD LIBOR + 0.68%), 03/12/2021(c) | 4,580,000 | 4,587,615 | ||
1.02% (3 mo. USD LIBOR + 0.72%), 10/05/2021(c) | 7,059,000 | 7,059,972 | ||
28,908,399 | ||||
Trading Companies & Distributors-0.45% | ||||
Air Lease Corp., 3.50%, 01/15/2022 | 12,260,000 | 12,406,660 |
See accompanying notes which are an integral part of this schedule.
Invesco Ultra Short Duration ETF (GSY)—(continued)
July 31, 2020
(Unaudited)
Principal Amount | Value | |||
Trucking-0.40% | ||||
Aviation Capital Group LLC | ||||
1.30% (3 mo. USD LIBOR + 0.95%), 06/01/2021(b)(c) | $ | 9,574,000 | $9,269,582 | |
0.94% (3 mo. USD LIBOR + 0.67%), 07/30/2021(b)(c) | 1,775,000 | 1,688,410 | ||
10,957,992 | ||||
Total U.S. Dollar Denominated Bonds & Notes (Cost $1,236,082,365) | 1,246,981,726 | |||
Asset-Backed Securities-14.83% | ||||
ABPCI Direct Lending Fund CLO I LLC (Cayman Islands), Series 2017-1A, Class A1, 2.05% (3 mo. USD LIBOR + 1.78%), 07/20/2029(b)(c) | 1,800,000 | 1,769,067 | ||
ACIS CLO Ltd. (Cayman Islands), Series 2015-6A, Classs A1, 2.28% (3 mo. USD LIBOR + 1.59%), 05/01/2027(b)(c) | 858,594 | 854,840 | ||
AmeriCredit Automobile Receivables Trust, Series 2016-2, Class C, 2.87%, 11/08/2021 | 375,722 | 375,882 | ||
Angel Oak Mortgage Trust, Series 2020-1, Class A1, 2.47%, 12/25/2059(b)(e) | 6,708,557 | 6,760,739 | ||
Angel Oak Mortgage Trust I LLC | ||||
Series 2019-1, Class A1, 3.92%, 11/25/2048(b)(e) | 6,324,919 | 6,478,814 | ||
Series 2019-2, Class A1, 3.63%, 03/25/2049(b)(e) | 6,685,638 | 6,875,992 | ||
Series 2019-4, Class A1, 2.99%, 07/26/2049(b)(e) | 5,102,954 | 5,174,459 | ||
Atrium XIII (Cayman Islands), Series 13A, Class A1, 1.44% (3 mo. USD LIBOR + 1.18%), 11/21/2030(b)(c) | 3,000,000 | 2,954,656 | ||
Avery Point V CLO Ltd. (Cayman Islands), Series 2014-5A, Class AR, 1.25% (3 mo. USD LIBOR + 0.98%), 07/17/2026(b)(c) | 2,598,692 | 2,584,663 | ||
Avery Point VI CLO Ltd. (Cayman Islands), Series 2015-6A, Class AR, 1.59% (3 mo. USD LIBOR + 1.05%), 08/05/2027(b)(c) | 9,000,000 | 8,953,001 | ||
Bear Stearns Asset Backed Securities I Trust, Series 2006-HE9, Class 2A, 0.31% (1 mo. USD LIBOR + 0.14%), 11/25/2036(c) | 1,701,099 | 1,622,481 | ||
BMW Vehicle Owner Trust, Series 2020-A, Class A2, 0.39%, 02/27/2023 | 4,625,000 | 4,627,156 | ||
CarMax Auto Owner Trust, Series 2017-2, Class A3, 1.93%, 03/15/2022 | 1,248,309 | 1,251,888 | ||
CBAM Ltd. (Cayman Islands), Series 2018-5A, Class A, 1.29% (3 mo. USD LIBOR + 1.02%), 04/17/2031(b)(c) | 6,250,000 | 6,089,143 | ||
Chesapeake Funding II LLC (Canada), Series 2018-3A, Class A1, 3.39%, 01/15/2031(b) | 4,281,728 | 4,425,604 | ||
CIT Mortgage Loan Trust, Series 2007-1, Class 1A, 1.53% (1 mo. USD LIBOR + 1.35%), 10/25/2037(b)(c) | 1,579,450 | 1,585,042 | ||
COLT Mortgage Loan Trust | ||||
Series 2019-1, Class A1, 3.71%, 03/25/2049(b)(e) | 1,648,868 | 1,674,676 |
Principal Amount | Value | |||
Series 2019-4, Class A1, 2.58%, 11/25/2049(b)(e) | $ | 8,466,852 | $8,547,289 | |
Series 2020-1, Class A1, 2.49%, 02/25/2050(b)(e) | 10,135,168 | 10,263,078 | ||
Countrywide Asset-Backed Ctfs. | ||||
Series 2004-SD2, Class M1, 0.80% (1 mo. USD LIBOR + 0.62%), 06/25/2033(b)(c) | 240,822 | 238,040 | ||
Series 2006-6, Class 1A1, 0.34% (1 mo. USD LIBOR + 0.17%), 09/25/2036(c) | 1,768,909 | 1,748,118 | ||
Crown Point CLO III Ltd. (Cayman Islands), Series 2015-3A, Class A2R, 1.73% (3 mo. USD LIBOR + 1.45%), 12/31/2027(b)(c) | 2,000,000 | 1,959,282 | ||
CSMC, Series 2014-2R, Class 27A1, 0.39% (1 mo. USD LIBOR + 0.20%), 02/27/2046(b)(c) | 174,441 | 170,902 | ||
CWABS, Inc. Asset-Backed Ctfs. Trust, Series 2004-4, Class M1, 0.89% (1 mo. USD LIBOR + 0.72%), 07/25/2034(c) | 1,888,178 | 1,848,886 | ||
Deephaven Residential Mortgage Trust | ||||
Series 2019-1A, Class A1, 3.74%, 01/25/2059(b)(e) | 5,279,777 | 5,321,137 | ||
Series 2019-2A, Class A1, 3.56%, 04/25/2059(b)(e) | 4,413,078 | 4,436,857 | ||
Diamond CLO Ltd. (Cayman Islands), Series 2019-1A, Class A1, 1.85% (3 mo. USD LIBOR + 1.60%), 04/25/2029(b)(c) | 12,000,000 | 11,913,110 | ||
Discover Card Execution Note Trust, Series 2019-A2, Class A, 0.45% (1 mo. USD LIBOR + 0.27%), 12/15/2023(c) | 7,500,000 | 7,520,559 | ||
DT Auto Owner Trust, Series 2019-3A, Class A, 2.55%, 08/15/2022(b) | 1,988,227 | 1,997,701 | ||
Ellington Financial Mortgage Trust, Series 2019-2, Class A1, 2.74%, 11/25/2059(b)(e) | 6,562,439 | 6,605,847 | ||
Enterprise Fleet Financing LLC, Series 2019-1, Class A2, 2.98%, 10/20/2024(b) | 3,254,447 | 3,311,695 | ||
Fortress Credit Opportunities IX CLO Ltd. (Cayman Islands), Series 2017-9A, Class A1T, 1.94% (3 mo. USD LIBOR + 1.55%), 11/15/2029(b)(c) | 2,000,000 | 1,966,175 | ||
FS KKR MM CLO 1 LLC, Series 2019-1A, Class A1, 1.98% (3 mo. USD LIBOR + 1.70%), 07/15/2030(b)(c) | 9,000,000 | 8,776,202 | ||
Galaxy XXII CLO Ltd. (Cayman Islands), Series 2016-22A, Class A1R, 1.27% (3 mo. USD LIBOR + 1.00%), 07/16/2028(b)(c) | 5,000,000 | 4,940,575 | ||
GCAT LLC, Series 2019-NQM1, Class A1, 2.99%, 02/25/2059(b)(f) | 10,501,693 | 10,659,145 | ||
GCAT Trust, Series 2019-NQM2, Class A1, 2.86%, 09/25/2059(b)(f) | 9,822,851 | 9,955,427 | ||
Goldentree Loan Management US CLO 2 Ltd. (Cayman Islands), Series 2017-2A, Class A, 1.42% (3 mo. USD LIBOR + 1.15%), 11/28/2030(b)(c) | 10,000,000 | 9,821,267 | ||
Golub Capital BDC CLO LLC, Series 2014-1A, Class BR, 1.65% (3 mo. USD LIBOR + 1.40%), 04/25/2026(b)(c) | 1,000,000 | 985,387 | ||
Golub Capital Partners CLO 16 Ltd. (Cayman Islands), Series 2013-16A, Class A1R, 1.94% (3 mo. USD LIBOR + 1.70%), 07/25/2029(b)(c) | 4,800,000 | 4,692,689 |
See accompanying notes which are an integral part of this schedule.
Invesco Ultra Short Duration ETF (GSY)—(continued)
July 31, 2020
(Unaudited)
Principal Amount | Value | |||
Golub Capital Partners CLO 36M Ltd. (Cayman Islands), Series 2018-36A, Class A, 1.84% (3 mo. USD LIBOR + 1.30%), 02/05/2031(b)(c) | $ | 5,000,000 | $4,807,146 | |
Golub Capital Partners CLO 39B Ltd. (Cayman Islands), Series 2018-39A, Class A1, 1.42% (3 mo. USD LIBOR + 1.15%), 10/20/2028(b)(c) | 10,000,000 | 9,940,453 | ||
GS Mortgage Securities Corp. Trust, Series 2017-STAY, Class A, 1.03% (1 mo. USD LIBOR + 0.85%), 07/15/2032(b)(c) | 12,200,000 | 11,738,908 | ||
GSAMP Trust, Series 2005-HE6, Class M1, 0.63% (1 mo. USD LIBOR + 0.44%), 11/25/2035(c) | 463,488 | 464,676 | ||
Halcyon Loan Advisors Funding Ltd. (Cayman Islands), Series 2012-1A, Class B, 3.39% (3 mo. USD LIBOR + 3.00%), 08/15/2023(b)(c) | 540,178 | 539,950 | ||
Homeward Opportunities Fund I Trust, Series 2019-1, Class A1, 3.45%, 01/25/2059(b)(e) | 6,916,260 | 7,038,969 | ||
HSI Asset Securitization Corp. Trust, Series 2006-OPT2, Class M2, 0.56% (1 mo. USD LIBOR + 0.39%), 01/25/2036(c) | 2,500,000 | 2,455,484 | ||
Hunt CRE Ltd. (Cayman Islands), Series 2017-FL1, Class A, 1.18% (1 mo. USD LIBOR + 1.00%), 08/15/2034(b)(c) | 4,746,752 | 4,689,421 | ||
KKR CLO 21 Ltd. (Cayman Islands), Series A, 1.28% (3 mo. USD LIBOR + 1.00%), 04/15/2031(b)(c) | 2,000,000 | 1,941,634 | ||
Nationstar Home Equity Loan Trust, Series 2007-B, Class 1AV1, 0.39% (1 mo. USD LIBOR + 0.22%), 04/25/2037(c) | 1,959,051 | 1,930,373 | ||
Navient Private Education Refi Loan Trust | ||||
Series 2019-A, Class A1, 3.03%, 01/15/2043(b) | 275,390 | 276,042 | ||
Series 2019-FA, Class A1, 2.18%, 08/15/2068(b) | 3,177,406 | 3,193,971 | ||
Series 2020-FA, Class A, 1.22%, 07/15/2069(b) | 7,500,000 | 7,535,495 | ||
Neuberger Berman CLO XIV Ltd. (Cayman Islands), Series 2013-14A, Class AR2, 1.28% (3 mo. USD LIBOR + 1.03%), 01/28/2030(b)(c) | 10,000,000 | 9,843,282 | ||
New Residential Mortgage Loan Trust | ||||
Series 2017-5A, Class A1, 1.67% (1 mo. USD LIBOR + 1.50%), 06/25/2057(b)(c) | 807,377 | 805,506 | ||
Series 2019-NQM3, Class A1, 2.80%, 07/25/2049(b)(e) | 8,904,296 | 9,051,459 | ||
Series 2019-NQM4, Class A1, 2.49%, 09/25/2059(b)(e) | 9,977,526 | 10,121,999 | ||
Series 2020-NQM1, Series A1, 2.46%, 01/26/2060(b)(e) | 5,252,879 | 5,363,289 | ||
Newstar Commercial Loan Funding LLC, Series 2017-1A, Class BN, 2.81% (3 mo. USD LIBOR + 2.50%), 03/20/2027(b)(c) | 2,500,000 | 2,482,063 | ||
NextGear Floorplan Master Owner Trust | ||||
Series 2019-1A, Class A1, 0.83% (1 mo. USD LIBOR + 0.65%), 02/15/2024(b)(c) | 12,750,000 | 12,506,237 | ||
Series 2019-2A, Class A1, 0.88% (1 mo. USD LIBOR + 0.70%), 10/15/2024(b)(c) | 10,000,000 | 9,655,402 |
Principal Amount | Value | |||
NXT Capital CLO LLC, Series 2017-1A, Class A, 2.84% (3 mo. USD LIBOR + 1.70%), 04/20/2029(b)(c) | $ | 7,500,000 | $7,283,946 | |
OBX Trust, Series 2018-EXP1, Class 2A1, 1.02% (1 mo. USD LIBOR + 0.85%), 04/25/2048(b)(c) | 2,188,480 | 2,181,517 | ||
OCP CLO Ltd. (Cayman Islands), Series 2014-7A, Class A1RR, 1.39% (3 mo. USD LIBOR + 1.12%), 07/20/2029(b)(c) | 6,750,000 | 6,667,780 | ||
Octagon Investment Partners XVII Ltd. (Cayman Islands), Series 2013-1A, Class A1R2, 1.24% (3 mo. USD LIBOR + 1.00%), 01/25/2031(b)(c) | 5,000,000 | 4,884,025 | ||
Race Point VIII CLO Ltd. (Cayman Islands), Series 2013-8A, Class AR2, 1.42% (3 mo. USD LIBOR + 1.04%), 02/20/2030(b)(c) | 9,953,976 | 9,780,096 | ||
Recette CLO Ltd. (Cayman Islands), Series 2015-1A, Class BR, 1.57% (3 mo. USD LIBOR + 1.30%), 10/20/2027(b)(c) | 2,000,000 | 1,947,843 | ||
Residential Mortgage Loan Trust | ||||
Series 2019-1, Class A1, 3.94%, 10/25/2058(b)(e) | 6,080,727 | 6,146,905 | ||
Series 2019-3, Class A1, 2.63%, 09/25/2059(b)(e) | 9,381,081 | 9,563,163 | ||
Series 2020-1, Class A1, 2.38%, 02/25/2024(b)(e) | 6,208,904 | 6,311,242 | ||
SoFi Professional Loan Program LLC, Series 2019-B, Class A1FX, 2.78%, 08/17/2048(b) | 2,167,942 | 2,183,618 | ||
Starwood Mortgage Residential Trust, Series 2020-1, Class A1, 2.28%, 02/25/2050(b)(e) | 6,723,653 | 6,793,561 | ||
Sudbury Mill CLO Ltd. (Cayman Islands), Series 2013-1A, Class B1R, 1.92% (3 mo. USD LIBOR + 1.65%), 01/17/2026(b)(c) | 2,500,000 | 2,467,478 | ||
Tesla Auto Lease Trust, Series 2020-A, Class A2, 0.55%, 05/22/2023(b) | 2,250,000 | 2,249,753 | ||
TICP CLO II-2 Ltd. (Cayman Islands), Series 2018-IIA, Class A1, 1.11% (3 mo. USD LIBOR + 0.84%), 04/20/2028(b)(c) | 10,661,213 | 10,485,303 | ||
Venture XII CLO Ltd. (Cayman Islands), Series 2012-12A, Class ARR, 1.17% (3 mo. USD LIBOR + 0.80%), 02/28/2026(b)(c) | 3,351,928 | 3,317,001 | ||
Venture XVI CLO Ltd. (Cayman Islands), Series 2014-16A, Class ARR, 1.13% (3 mo. USD LIBOR + 0.85%), 01/15/2028(b)(c) | 1,269,431 | 1,246,403 | ||
Verus Securitization Trust | ||||
Series 2019-1, Class A1, 3.84%, 02/25/2059(b)(e) | 6,260,655 | 6,389,252 | ||
Series 2019-2, Class A1, 3.21%, 05/25/2059(b)(e) | 5,586,331 | 5,705,092 | ||
Series 2020-1, Class A1, 2.42%, 01/25/2060(b)(f) | 13,451,411 | 13,667,930 | ||
Woodmont Trust, Series 2017-2A, Class A, 2.07% (3 mo. USD LIBOR + 1.80%), 07/18/2028(b)(c) | 3,600,000 | 3,557,929 | ||
Total Asset-Backed Securities (Cost $411,571,525) | 410,949,067 | |||
U.S. Treasury Securities-2.45% | ||||
U.S. Treasury Bills-1.73% | ||||
0.21%, 10/08/2020(g) | 4,500,000 | 4,499,258 |
See accompanying notes which are an integral part of this schedule.
Invesco Ultra Short Duration ETF (GSY)—(continued)
July 31, 2020
(Unaudited)
Principal Amount | Value | |||
U.S. Treasury Bills-(continued) | ||||
0.15%, 12/01/2020(g) | $ | 6,400,000 | $6,398,293 | |
0.14%, 07/15/2021(g) | 37,000,000 | 36,961,772 | ||
47,859,323 | ||||
U.S. Treasury Notes-0.72% | ||||
0.13%, 05/15/2023 | 20,000,000 | 20,005,859 | ||
Total U.S. Treasury Securities (Cost $67,743,409) | 67,865,182 | |||
Municipal Obligations-0.49% | ||||
New York (State of) Housing Finance Agency (222 East 44th Street Housing), Series 2016 B, VRD RB, (LOC - Bank of China Ltd.), 0.21%, 05/01/2050(h)(i) (Cost $13,610,000) | 13,610,000 | 13,610,000 | ||
Variable Rate Senior Loan Interests-0.06%(j)(k) | ||||
Aerospace & Defense-0.06% | ||||
Fly Funding II S.a.r.l. (Ireland), Term Loan B, 2.20% (3 mo. USD LIBOR + 1.75%), 08/09/2025 (Cost $1,900,881) | 1,905,220 | 1,640,871 | ||
Commercial Paper-30.38% | ||||
American Honda Finance Corp. | ||||
0.60%, 09/11/2020(g) | 12,000,000 | 11,993,742 | ||
0.78%, 10/21/2020(g) | 5,000,000 | 4,993,543 | ||
Anglesea Funding LLC, 0.25%, 09/01/2020(b)(g) | 15,500,000 | 15,497,685 | ||
AstraZeneca PLC, 2.06%, 10/28/2020(b)(g) | 17,000,000 | 16,981,382 | ||
Aviation Capital Group LLC, 0.84%, 08/07/2020(b)(g) | 10,000,000 | 9,999,388 | ||
Bayer Corp., 2.42%, 08/03/2020(b)(g) | 10,000,000 | 9,999,846 | ||
Boeing Co. (The) | ||||
2.19%, 11/17/2020(b)(g) | 10,000,000 | 9,958,096 | ||
2.19%, 11/18/2020(b)(g) | 12,400,000 | 12,347,524 | ||
BP Capital Markets PLC, 1.33%, 10/22/2020(b)(g) | 10,000,000 | 9,993,867 | ||
Bunge Asset Funding Corp., 0.95%, 12/04/2020(b)(g) | 25,000,000 | 24,921,925 | ||
CommonSpirit Health | ||||
1.31%, 10/07/2020(g) | 30,000,000 | 29,982,377 | ||
1.21%, 10/22/2020(g) | 17,000,000 | 16,986,635 | ||
Daimler Finance North America LLC, 1.20%, 08/03/2020(b)(g) | 15,000,000 | 14,999,769 | ||
Enable Midstream Partners L.P., 1.00%, 08/17/2020(b)(g) | 25,000,000 | 24,970,155 | ||
Enbridge US, Inc. | ||||
0.55%, 08/03/2020(b)(g) | 20,000,000 | 19,999,692 | ||
0.59%, 10/01/2020(b)(g) | 23,100,000 | 23,088,900 | ||
Enel Finance America LLC | ||||
0.55%, 08/12/2020(b)(g) | 12,500,000 | 12,499,308 | ||
0.60%, 08/21/2020(b)(g) | 12,500,000 | 12,498,724 | ||
ENGIE S.A., 0.40%, 08/13/2020(b)(g) | 40,000,000 | 39,990,250 | ||
Eni Finance USA, Inc. | ||||
0.78%, 10/01/2020(b)(g) | 25,000,000 | 24,965,685 | ||
0.70%, 10/15/2020(b)(g) | 14,000,000 | 13,976,030 | ||
Entergy Corp. | ||||
0.50%, 08/14/2020(b)(g) | 15,200,000 | 15,197,612 | ||
0.50%, 09/02/2020(b)(g) | 15,000,000 | 14,993,551 |
Principal Amount | Value | |||
ETP Legacy L.P. | ||||
0.70%, 08/03/2020(b)(g) | $ | 45,000,000 | $44,990,025 | |
0.70%, 08/04/2020(b)(g) | 40,000,000 | 39,988,227 | ||
General Motors Financial Co., Inc., 0.65%, 08/07/2020(b)(g) | 3,600,000 | 3,599,570 | ||
Glencore Funding LLC | ||||
0.50%, 08/12/2020(b)(g) | 18,650,000 | 18,647,563 | ||
0.50%, 08/14/2020(b)(g) | 17,000,000 | 16,997,389 | ||
Harley-Davidson Financial Services, Inc. | ||||
0.50%, 10/06/2020(b)(g) | 15,000,000 | 14,991,932 | ||
0.81%, 04/06/2021(b)(g) | 4,000,000 | 3,951,473 | ||
HSBC USA, Inc., 0.55%, 02/01/2021(b)(g) | 35,000,000 | 34,951,078 | ||
Hyundai Capital America, 0.65%, 08/11/2020(b)(g) | 11,800,000 | 11,799,026 | ||
Jabil, Inc. | ||||
0.82%, 08/03/2020(b)(g) | 15,000,000 | 14,996,675 | ||
0.80%, 08/14/2020(b)(g) | 12,000,000 | 11,988,165 | ||
0.65%, 08/17/2020(b)(g) | 12,500,000 | 12,485,090 | ||
0.95%, 08/25/2020(b)(g) | 23,500,000 | 23,458,679 | ||
Molson Coors Beverage Co., 0.80%, 10/13/2020(b)(g) | 25,000,000 | 24,984,429 | ||
Motiva Enterprises LLC, 0.60%, 08/25/2020(g) | 10,900,000 | 10,898,577 | ||
NatWest Markets PLC, Series G, 2.27%, 01/07/2021(b)(g) | 10,000,000 | 9,980,533 | ||
Noble Energy, Inc., 0.50%–0.60%, 08/06/2020(b)(g) | 13,000,000 | 12,999,599 | ||
Shell International Finance B.V., 2.11%, 02/02/2021(b)(g) | 12,275,000 | 12,254,515 | ||
Starbucks Corp., 1.93%, 01/29/2021(b)(g) | 20,000,000 | 19,879,880 | ||
Suncor Energy, Inc. | ||||
1.71%, 08/06/2020(b)(g) | 4,600,000 | 4,599,858 | ||
0.75%, 09/09/2020(b)(g) | 15,000,000 | 14,996,200 | ||
Swedbank AB, 1.56%, 11/17/2020(g) | 20,000,000 | 19,989,221 | ||
WEC Energy Group, Inc., 0.22%, 08/06/2020(b)(g) | 20,389,000 | 20,388,371 | ||
WGL Holdings, Inc., 0.45%, 08/11/2020(b)(g) | 10,000,000 | 9,998,961 | ||
White Plains Capital Co. LLC | ||||
0.75%, 08/18/2020(b)(g) | 7,700,000 | 7,698,576 | ||
1.00%, 09/09/2020(b)(g) | 15,000,000 | 14,992,367 | ||
1.31%, 01/12/2021(b)(g) | 14,500,000 | 14,472,087 | ||
Total Commercial Paper (Cost $841,166,890) | 841,813,752 | |||
Repurchase Amount | ||||
Repurchase Agreements-5.41%(l) | ||||
Citigroup Global Markets, Inc., joint open agreement dated 03/17/2020 (collateralized by U.S. government sponsored agency obligations, domestic and foreign agency and non-agency asset-backed securities, domestic and foreign corporate obligations and domestic non-agency mortgage-backed securities valued at $280,478,528; 0.00% - 9.25%; 08/26/2020 - 03/01/2097), 0.73%(m) | - | 50,000,000 |
See accompanying notes which are an integral part of this schedule.
Invesco Ultra Short Duration ETF (GSY)—(continued)
July 31, 2020
(Unaudited)
Repurchase Amount | Value | |||
J.P. Morgan Securities LLC, joint open agreement dated 03/02/2020 (collateralized by domestic and foreign non-agency asset-backed securities, domestic and foreign corporate obligations and domestic and foreign non-agency mortgage-backed securities valued at $132,812,777; 0.44% - 6.25%; 03/15/2021 - 12/22/2069), 0.63%(m) | $ | - | $25,000,000 | |
Nomura Securities International, Inc., joint term agreement dated 07/30/2020, aggregate maturing value of $50,000,000 (collateralized by domestic non-agency mortgage-backed securities valued at $55,000,002; 0.00%; 02/25/2049), 1.06%, 11/27/2020(c) | 25,000,000 | 25,000,000 | ||
Societe Generale, joint open agreement dated 11/05/2019 (collateralized by domestic and foreign non-agency asset-backed securities, domestic and foreign corporate obligations and domestic non-agency mortgage-backed securities valued at $109,793,568; 0.30% - 12.00%; 08/15/2020 - 10/07/2079), 0.78%(m) | - | 50,000,000 | ||
Total Repurchase Agreements (Cost $150,000,000) | 150,000,000 | |||
Principal Amount | ||||
Certificates of Deposit-1.63% | ||||
Diversified Banks-1.63% | ||||
Standard Chartered Bank (United Kingdom), 0.78% (3 mo. USD LIBOR + 0.28%), 11/06/2020(c) | 20,000,000 | 20,015,120 | ||
Sumitomo Mitsui Banking Corp. (Japan), 0.70%, 07/08/2022 | 25,000,000 | 24,996,901 | ||
45,012,021 | ||||
Total Certificates of Deposit (Cost $44,978,800) | 45,012,021 | |||
TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-100.25% (Cost $2,767,053,870) | 2,777,872,619 |
Shares | Value | |||
Investments Purchased with Cash Collateral from Securities on Loan | ||||
Money Market Funds-0.11% | ||||
Invesco Private Government Fund, 0.06%(n)(o)(p) | 2,260,218 | $2,260,218 | ||
Invesco Private Prime Fund, 0.15%(n)(o)(p) | 822,575 | 822,739 | ||
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $3,082,957) | 3,082,957 | |||
TOTAL INVESTMENTS IN SECURITIES-100.36% (Cost $2,770,136,827) | 2,780,955,576 | |||
OTHER ASSETS LESS LIABILITIES-(0.36)% | (10,021,452) | |||
NET ASSETS-100.00% | $2,770,934,124 |
See accompanying notes which are an integral part of this schedule.
Invesco Ultra Short Duration ETF (GSY)—(continued)
July 31, 2020
(Unaudited)
Investment Abbreviations: | |
BR | -Bearer Shares |
CLO | -Collateralized Loan Obligation |
Ctfs. | -Certificates |
LIBOR | -London Interbank Offered Rate |
LOC | -Letter of Credit |
RB | -Revenue Bonds |
REIT | -Real Estate Investment Trust |
SOFR | -Secured Overnight Financing Rate |
USD | -U.S. Dollar |
VRD | -Variable Rate Demand |
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) | 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 July 31, 2020 was $1,558,831,797, which represented 56.26% of the Fund’s Net Assets. |
(c) | Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on July 31, 2020. |
(d) | All or a portion of this security was out on loan at July 31, 2020. |
(e) | Interest rate is redetermined periodically based on the cash flows generated by the pool of assets backing the security, less any applicable fees. The rate shown is the rate in effect on July 31, 2020. |
(f) | Step coupon bond. The interest rate represents the coupon rate at which the bond will accrue at a specified future date. |
(g) | Security traded on a discount basis. The interest rate shown represents the discount rate at the time of purchase by the Fund. |
(h) | Demand security payable upon demand by the Fund at specified time intervals no greater than thirteen months. Interest rate is redetermined periodically by the issuer or agent based on current market conditions. Rate shown is the rate in effect on July 31, 2020. |
(i) | Principal and interest payments are fully enhanced by a letter of credit from the bank listed or a predecessor bank, branch or subsidiary. |
(j) | Variable rate senior loan interests often require prepayments from excess cash flow or permit the borrower to repay at its election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with any accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, it is anticipated that the variable rate senior loan interests will have an expected average life of three to five years. |
(k) | Variable rate senior loan interests are, at present, not readily marketable, not registered under the 1933 Act and may be subject to contractual and legal restrictions on sale. Variable rate senior loan interests in the Fund’s portfolio generally have variable rates which adjust to a base, such as the LIBOR, on set dates, typically every 30 days, but not greater than one year, and/or have interest rates that float at margin above a widely recognized base lending rate such as the Prime Rate of a designated U.S. bank. |
(l) | Principal amount equals value at period end. |
(m) | Either party may terminate the agreement upon demand. Interest rates, principal amount and collateral are redetermined daily. |
(n) | Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the nine months ended July 31, 2020. |
Value October 31, 2019 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation | Realized Gain (Loss) | Value July 31, 2020 | Dividend Income | |||||||
Investments Purchased with Cash Collateral from Securities on Loan: | |||||||||||||
Invesco Government & Agency Portfolio, Institutional Class | $947,040 | $22,650,050 | $(23,597,090) | $- | $- | $- | $12,551 | ||||||
Invesco Liquid Assets Portfolio, Institutional Class | 315,445 | 7,074,807 | (7,390,014) | - | (238) | - | 4,706 | ||||||
Invesco Private Government Fund | - | 29,682,838 | (27,422,620) | - | - | 2,260,218 | 268 | ||||||
Invesco Private Prime Fund | - | 3,584,760 | (2,762,189) | - | 168 | 822,739 | 163 | ||||||
Total | $1,262,485 | $62,992,455 | $(61,171,913) | $- | $(70) | $3,082,957 | $17,688 |
(o) | The rate shown is the 7-day SEC standardized yield as of July 31, 2020. |
(p) | 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 Variable Rate Investment Grade ETF (VRIG)
July 31, 2020
(Unaudited)
Principal Amount | Value | |||
U.S. Dollar Denominated Bonds & Notes-43.04% | ||||
Agricultural & Farm Machinery-0.92% | ||||
BAT Capital Corp. (United Kingdom), 1.27% (3 mo. USD LIBOR + 0.88%), 08/15/2022(b) | $ | 3,500,000 | $3,510,461 | |
Automobile Manufacturers-3.76% | ||||
American Honda Finance Corp., 0.84% (3 mo. USD LIBOR + 0.45%), 02/15/2022(b) | 2,500,000 | 2,503,569 | ||
Daimler Finance North America LLC (Germany) | ||||
0.80% (3 mo. USD LIBOR + 0.55%), 05/04/2021(b)(c) | 2,000,000 | 1,997,396 | ||
1.29% (3 mo. USD LIBOR + 0.90%), 02/15/2022(b)(c) | 1,500,000 | 1,498,653 | ||
Ford Motor Credit Co. LLC | ||||
1.58% (3 mo. USD LIBOR + 1.27%), 03/28/2022(b) | 1,000,000 | 960,220 | ||
1.33% (3 mo. USD LIBOR + 1.08%), 08/03/2022(b) | 1,500,000 | 1,425,279 | ||
General Motors Financial Co., Inc. | ||||
1.60% (3 mo. USD LIBOR + 1.10%), 11/06/2021(b) | 2,000,000 | 1,993,020 | ||
1.62% (3 mo. USD LIBOR + 1.31%), 06/30/2022(b) | 1,000,000 | 999,615 | ||
1.29% (3 mo. USD LIBOR + 0.99%), 01/05/2023(b) | 1,000,000 | 975,825 | ||
Volkswagen Group of America Finance LLC (Germany), 1.38% (3 mo. USD LIBOR + 0.94%), 11/12/2021(b)(c) | 2,000,000 | 1,999,794 | ||
14,353,371 | ||||
Biotechnology-0.79% | ||||
AbbVie, Inc., 1.02% (3 mo. USD LIBOR + 0.65%), 11/21/2022(b)(c) | 3,000,000 | 3,012,281 | ||
Brewers-0.77% | ||||
Anheuser-Busch InBev Worldwide, Inc. (Belgium), 1.01% (3 mo. USD LIBOR + 0.74%), 01/12/2024(b) | 2,925,000 | 2,944,987 | ||
Consumer Finance-0.26% | ||||
Capital One Financial Corp., 0.99% (3 mo. USD LIBOR + 0.72%), 01/30/2023(b) | 1,000,000 | 998,405 | ||
Distillers & Vintners-0.25% | ||||
Constellation Brands, Inc., 1.09% (3 mo. USD LIBOR + 0.70%), 11/15/2021(b) | 966,000 | 966,116 | ||
Diversified Banks-16.09% | ||||
Banco Santander S.A. (Spain), 1.83% (3 mo. USD LIBOR + 1.56%), 04/11/2022(b) | 5,200,000 | 5,240,074 | ||
Bank of America Corp. | ||||
1.26% (3 mo. USD LIBOR + 1.00%), 04/24/2023(b) | 3,281,000 | 3,312,437 | ||
1.12% (3 mo. USD LIBOR + 0.79%), 03/05/2024(b) | 1,250,000 | 1,255,070 | ||
1.02% (3 mo. USD LIBOR + 0.77%), 02/05/2026(b) | 1,042,000 | 1,036,193 | ||
Barclays PLC (United Kingdom) | ||||
1.90% (3 mo. USD LIBOR + 1.63%), 01/10/2023(b) | 2,000,000 | 2,009,957 | ||
1.82% (3 mo. USD LIBOR + 1.43%), 02/15/2023(b) | 2,000,000 | 2,005,323 | ||
BPCE S.A. (France), 1.58% (3 mo. USD LIBOR + 1.22%), 05/22/2022(b)(c) | 4,000,000 | 4,038,897 |
Principal Amount | Value | |||
Diversified Banks-(continued) | ||||
Capital One N.A., 1.42% (3 mo. USD LIBOR + 1.15%), 01/30/2023(b) | $ | 3,750,000 | $3,767,200 | |
Citigroup, Inc. | ||||
0.96% (SOFR + 0.87%), 11/04/2022(b) | 2,500,000 | 2,503,576 | ||
1.21% (3 mo. USD LIBOR + 0.95%), 07/24/2023(b)(d) | 1,500,000 | 1,507,230 | ||
1.37% (3 mo. USD LIBOR + 1.02%), 06/01/2024(b) | 4,010,000 | 4,032,737 | ||
ING Groep N.V. (Netherlands), 1.30% (3 mo. USD LIBOR + 1.00%), 10/02/2023(b) | 3,500,000 | 3,537,891 | ||
JPMorgan Chase & Co. | ||||
1.49% (3 mo. USD LIBOR + 1.23%), 10/24/2023(b) | 1,900,000 | 1,930,107 | ||
Series I, 3.74% (3 mo. USD LIBOR + 3.47%)(b)(e) | 978,000 | 939,003 | ||
Series V, 3.62% (3 mo. USD LIBOR + 3.32%)(b)(e) | 2,500,000 | 2,344,721 | ||
Mizuho Financial Group, Inc. (Japan), 1.11% (3 mo. USD LIBOR + 0.84%), 07/16/2023(b) | 2,500,000 | 2,502,481 | ||
Natwest Group PLC (United Kingdom) | ||||
1.86% (3 mo. USD LIBOR + 1.47%), 05/15/2023(b) | 4,000,000 | 4,019,850 | ||
1.85% (3 mo. USD LIBOR + 1.55%), 06/25/2024(b) | 2,000,000 | 2,010,017 | ||
NatWest Markets PLC (United Kingdom), 1.71% (3 mo. USD LIBOR + 1.40%), 09/29/2022(b)(c) | 2,500,000 | 2,512,237 | ||
Nordea Bank Abp (Finland), 1.30% (3 mo. USD LIBOR + 0.94%), 08/30/2023(b)(c) | 2,987,000 | 2,996,245 | ||
Standard Chartered PLC (United Kingdom) | ||||
1.51% (3 mo. USD LIBOR + 1.20%), 09/10/2022(b)(c) | 1,667,000 | 1,672,326 | ||
1.42% (3 mo. USD LIBOR + 1.15%), 01/20/2023(b)(c) | 3,316,000 | 3,324,837 | ||
Truist Bank, 0.83% (SOFR + 0.73%), 03/09/2023(b) | 2,000,000 | 2,005,954 | ||
USB Realty Corp., 1.42% (3 mo. USD LIBOR + 1.15%)(b)(c)(e) | 1,100,000 | 879,170 | ||
61,383,533 | ||||
Health Care Distributors-1.05% | ||||
Cardinal Health, Inc., 1.08% (3 mo. USD LIBOR + 0.77%), 06/15/2022(b) | 4,000,000 | 4,005,324 | ||
Health Care Equipment-1.11% | ||||
Becton, Dickinson and Co., 1.35% (3 mo. USD LIBOR + 1.03%), 06/06/2022(b) | 4,225,000 | 4,243,590 | ||
Health Care Services-2.52% | ||||
Cigna Corp., 1.17% (3 mo. USD LIBOR + 0.89%), 07/15/2023(b) | 4,543,000 | 4,586,321 | ||
CVS Health Corp., 1.03% (3 mo. USD LIBOR + 0.72%), 03/09/2021(b) | 5,000,000 | 5,019,662 | ||
9,605,983 | ||||
Household Products-0.72% | ||||
Reckitt Benckiser Treasury Services PLC (United Kingdom), 0.86% (3 mo. USD LIBOR + 0.56%), 06/24/2022(b)(c) | 2,750,000 | 2,749,454 | ||
Integrated Oil & Gas-0.25% | ||||
Occidental Petroleum Corp., 1.68% (3 mo. USD LIBOR + 1.25%), 08/13/2021(b) | 1,000,000 | 968,033 |
See accompanying notes which are an integral part of this schedule.
Invesco Variable Rate Investment Grade ETF (VRIG)—(continued)
July 31, 2020
(Unaudited)
Principal Amount | Value | |||
Integrated Telecommunication Services-2.83% | ||||
AT&T, Inc. | ||||
1.31% (3 mo. USD LIBOR + 0.89%), 02/15/2023(b) | $ | 2,669,000 | $2,672,937 | |
1.50% (3 mo. USD LIBOR + 1.18%), 06/12/2024(b) | 3,832,000 | 3,890,014 | ||
Verizon Communications, Inc., 1.49% (3 mo. USD LIBOR + 1.10%), 05/15/2025(b) | 4,127,000 | 4,226,486 | ||
10,789,437 | ||||
Interactive Media & Services-0.30% | ||||
Tencent Holdings Ltd. (China), 0.88% (3 mo. USD LIBOR + 0.61%), 01/19/2023(b)(c) | 1,143,000 | 1,134,793 | ||
Investment Banking & Brokerage-3.76% | ||||
Goldman Sachs Group, Inc. (The) | ||||
1.38% (3 mo. USD LIBOR + 1.05%), 06/05/2023(b) | 2,500,000 | 2,516,752 | ||
1.26% (3 mo. USD LIBOR + 1.00%), 07/24/2023(b) | 4,500,000 | 4,528,334 | ||
2.00% (3 mo. USD LIBOR + 1.75%), 10/28/2027(b) | 1,220,000 | 1,259,479 | ||
Morgan Stanley | ||||
1.19% (3 mo. USD LIBOR + 0.93%), 07/22/2022(b) | 2,500,000 | 2,515,268 | ||
0.80% (SOFR + 0.70%), 01/20/2023(b) | 3,500,000 | 3,509,455 | ||
14,329,288 | ||||
Life & Health Insurance-1.66% | ||||
Athene Global Funding, 1.53% (3 mo. USD LIBOR + 1.23%), 07/01/2022(b)(c) | 5,300,000 | 5,321,879 | ||
Jackson National Life Global Funding, 1.04% (3 mo. USD LIBOR + 0.73%), 06/27/2022(b)(c) | 1,000,000 | 1,006,891 | ||
6,328,770 | ||||
Multi-Utilities-1.31% | ||||
Sempra Energy, 0.76% (3 mo. USD LIBOR + 0.45%), 03/15/2021(b) | 5,000,000 | 5,009,368 | ||
Oil & Gas Exploration & Production-0.40% | ||||
ConocoPhillips, 1.29% (3 mo. USD LIBOR + 0.90%), 05/15/2022(b)(d) | 1,500,000 | 1,511,742 | ||
Oil & Gas Storage & Transportation-0.24% | ||||
MPLX L.P., 1.41% (3 mo. USD LIBOR + 1.10%), 09/09/2022(b) | 914,000 | 905,731 | ||
Packaged Foods & Meats-1.04% | ||||
General Mills, Inc., 1.28% (3 mo. USD LIBOR + 1.01%), 10/17/2023(b) | 3,937,000 | 3,981,300 | ||
Pharmaceuticals-1.25% | ||||
Bayer US Finance II LLC (Germany) | ||||
0.93% (3 mo. USD LIBOR + 0.63%), 06/25/2021(b)(c) | 3,395,000 | 3,403,790 | ||
1.32% (3 mo. USD LIBOR + 1.01%), 12/15/2023(b)(c) | 1,355,000 | 1,361,314 | ||
4,765,104 | ||||
Technology Hardware, Storage & Peripherals-0.52% | ||||
Dell International LLC/EMC Corp., 5.88%, 06/15/2021(c) | 1,986,000 | 1,990,965 | ||
Trading Companies & Distributors-0.79% | ||||
BOC Aviation Ltd. (Singapore), 1.41% (3 mo. USD LIBOR + 1.13%), 09/26/2023(b)(c) | 3,082,000 | 3,018,218 |
Principal Amount | Value | |||
Trucking-0.45% | ||||
Aviation Capital Group LLC, 1.30% (3 mo. USD LIBOR + 0.95%), 06/01/2021(b)(c) | $ | 1,777,000 | $1,720,498 | |
Total U.S. Dollar Denominated Bonds & Notes (Cost $164,463,574) | 164,226,752 | |||
Asset-Backed Securities-19.04% | ||||
Adjustable Rate Mortgage Trust, Series 2004-2, Class 6A1, 3.83%, 02/25/2035(f) | 216,247 | 215,787 | ||
BAMLL Commercial Mortgage Securities Trust, Series 2019-RLJ, Class B, 1.53% (1 mo. USD LIBOR + 1.35%), 04/15/2036(b)(c) | 4,000,000 | 3,759,759 | ||
BBCMS Mortgage Trust, Series 2019-BWAY, Class B, 1.49% (1 mo. USD LIBOR + 1.31%), 11/25/2034(b)(c) | 3,250,000 | 3,116,291 | ||
Bear Stearns Adjustable Rate Mortgage Trust | ||||
Series 2003-7, Class 6A, 3.81%, 10/25/2033(f) | 251,082 | 248,181 | ||
Series 2003-8, Class 4A1, 4.01%, 01/25/2034(f) | 229,203 | 230,054 | ||
BFLD Trust, Series 2019-DPLO, Class A, 1.27% (1 mo. USD LIBOR + 1.09%), 10/15/2034(b)(c) | 1,500,000 | 1,452,050 | ||
BX Trust, Series 2018-GW, Class A, 0.98% (1 mo. USD LIBOR + 0.80%), 05/15/2035(b)(c) | 4,500,000 | 4,338,848 | ||
Capital One Multi-Asset Execution Trust, Series 2016-A2, Class A2, 0.81% (1 mo. USD LIBOR + 0.63%), 02/15/2024(b) | 250,000 | 250,949 | ||
CGDBB Commercial Mortgage Trust | ||||
Series 2017-BIOC, Class A, 0.97% (1 mo. USD LIBOR + 0.79%), 07/15/2032(b)(c) | 936,382 | 935,440 | ||
Series 2017-BIOC, Class B, 1.15% (1 mo. USD LIBOR + 0.97%), 07/15/2032(b)(c) | 1,370,315 | 1,365,629 | ||
Commercial Mortgage Trust | ||||
Series 2014-FL5, Class B, 1.57% (1 mo. USD LIBOR + 2.15%), 10/15/2031(b)(c) | 95,692 | 92,701 | ||
Series 2019-521F, Class C, 1.48% (1 mo. USD LIBOR + 1.30%), 06/15/2034(b)(c) | 4,000,000 | 3,803,318 | ||
Commonbond Student Loan Trust | ||||
Series 2017-BGS, Class A2, 0.82% (1 mo. USD LIBOR + 0.65%), 09/25/2042(b)(c) | 841,051 | 829,234 | ||
Series 2018-AGS, Class A2, 0.67% (1 mo. USD LIBOR + 0.50%), 02/25/2044(b)(c) | 1,625,157 | 1,602,325 | ||
Credit Suisse Mortgage Capital Ctfs., Series 2019-ICE4, Class B, 1.41% (1 mo. USD LIBOR + 1.23%), 05/15/2036(b)(c) | 4,000,000 | 3,985,160 | ||
CSWF, Series 2018-TOP, Class B, 1.48% (1 mo. USD LIBOR + 1.30%), 08/15/2035(b)(c) | 2,400,000 | 2,311,141 | ||
DBGS Mortgage Trust, Series 2018-5BP, Class B, 1.01% (1 mo. USD LIBOR + 0.83%), 06/15/2033(b)(c) | 3,000,000 | 2,942,038 | ||
Deephaven Residential Mortgage Trust, Series 2019-2A, Class A1, 3.56%, 04/25/2059(c)(f) | 552,274 | 555,250 | ||
Domino’s Pizza Master Issuer LLC, Series 2017-1A, Class A2I, 2.24% (3 mo. USD LIBOR + 1.25%), 07/25/2047(b)(c) | 4,556,163 | 4,575,457 | ||
Edsouth Indenture No. 9 LLC, Series 2015-1, Class A, 0.97% (1 mo. USD LIBOR + 0.80%), 10/25/2056(b)(c) | 666,618 | 650,735 |
See accompanying notes which are an integral part of this schedule.
Invesco Variable Rate Investment Grade ETF (VRIG)—(continued)
July 31, 2020
(Unaudited)
Principal Amount | Value | |||
Home Equity Asset Trust, Series 2004-5, Class M2, 1.13% (1 mo. USD LIBOR + 0.95%), 11/25/2034(b) | $ | 1,106,896 | $1,081,337 | |
Home Partners of America Trust | ||||
Series 2017-1, Class A, 1.00% (1 mo. USD LIBOR + 0.82%), 07/17/2034(b)(c) | 1,326,396 | 1,317,730 | ||
Series 2018-1, Class B, 1.28% (1 mo. USD LIBOR + 1.10%), 07/17/2037(b)(c) | 1,760,000 | 1,740,145 | ||
Invitation Homes Trust | ||||
Series 2017-SFR2, Class A, 1.03% (1 mo. USD LIBOR + 0.85%), 12/17/2036(b)(c) | 1,817,176 | 1,806,291 | ||
Series 2017-SFR2, Class C, 1.63% (1 mo. USD LIBOR + 1.45%), 12/17/2036(b)(c) | 5,620,000 | 5,601,332 | ||
Series 2018-SFR1, Class B, 1.13% (1 mo. USD LIBOR + 0.95%), 03/17/2037(b)(c) | 1,000,000 | 989,965 | ||
Series 2018-SFR4, Class C, 1.58% (1 mo. USD LIBOR + 1.40%), 01/17/2038(b)(c) | 3,000,000 | 2,997,532 | ||
Merrill Lynch Mortgage Investors Trust | ||||
Series 2003-F, Class A1, 0.81% (1 mo. USD LIBOR + 0.64%), 10/25/2028(b) | 209,477 | 204,975 | ||
Series 2005-A2, Class A5, 3.78%, 02/25/2035(f) | 82,830 | 84,223 | ||
Morgan Stanley Capital I Trust, Series 2017-CLS, Class B, 1.03% (1 mo. USD LIBOR + 0.85%), 11/15/2034(b)(c) | 2,200,000 | 2,165,998 | ||
OBX Trust | ||||
Series 2018-EXP1, Class 2A1, 1.02% (1 mo. USD LIBOR + 0.85%), 04/25/2048(b)(c) | 2,290,270 | 2,282,983 | ||
Series 2018-EXP2, Class 2A2, 1.12% (1 mo. USD LIBOR + 0.95%), 07/25/2058(b)(c) | 1,905,585 | 1,917,119 | ||
Series 2019-EXP1, Class 2A2, 1.32% (1 mo. USD LIBOR + 1.15%), 01/25/2059(b)(c) | 757,760 | 751,482 | ||
Series 2019-EXP2, Class 2A2, 1.37% (1 mo. USD LIBOR + 1.20%), 06/25/2059(b)(c) | 1,569,616 | 1,553,135 | ||
Series 2020-EXP1, Class 2A2, 1.12% (1 mo. USD LIBOR + 0.95%), 02/25/2060(b)(c) | 1,374,234 | 1,354,893 | ||
Pennsylvania Higher Education Assistance Agency, Series 2009-2, Class A2, 1.35% (3 mo. USD LIBOR + 1.10%), 01/25/2028(b) | 851,385 | 849,009 | ||
Residential Mortgage Loan Trust, Series 2019-1, Class A1, 3.94%, 10/25/2058(c)(f) | 1,013,454 | 1,024,484 | ||
Rosslyn Portfolio Trust, Series 2017-ROSS, Class B, 2.24% (1 mo. USD LIBOR + 1.25%), 06/15/2033(b)(c) | 853,164 | 823,478 | ||
WaMu Mortgage Pass-Through Ctfs. Trust, Series 2004-AR3, Class A2, 3.67%, 06/25/2034(f) | 104,978 | 102,436 | ||
Wells Fargo Commercial Mortgage Trust | ||||
Series 2016-NXS5, Class A6FL, 1.73% (1 mo. USD LIBOR + 1.55%), 01/15/2059(b)(c) | 2,500,000 | 2,503,334 | ||
Series 2018-BXI, Class B, 1.13% (1 mo. USD LIBOR + 0.96%), 12/15/2036(b)(c) | 4,304,155 | 4,246,921 | ||
Total Asset-Backed Securities (Cost $73,909,592) | 72,659,149 |
Principal Amount | Value | |||
Agency Credit Risk Transfer Notes-17.92% | ||||
Connecticut Avenue Securities Trust | ||||
Series 2019-R01, Class 2M2, 2.62% (1 mo. USD LIBOR + 2.45%), 07/25/2031(b)(c)(g) | $ | 4,797,664 | $4,756,672 | |
Series 2019-R02, Class 1M2, 2.48% (1 mo. USD LIBOR + 2.30%), 08/25/2031(b)(c)(g) | 2,234,646 | 2,219,488 | ||
Fannie Mae Connecticut Avenue Securities | ||||
Series 2014-C02, Class 2M2, 2.77% (1 mo. USD LIBOR + 2.60%), 05/25/2024(b)(g) | 2,676,447 | 2,308,096 | ||
Series 2014-C03, Class 1M2, 3.17% (1 mo. USD LIBOR + 3.00%), 07/25/2024(b)(g) | 5,283,098 | 4,202,880 | ||
Series 2014-C03, Class 2M2, 3.07% (1 mo. USD LIBOR + 2.90%), 07/25/2024(b)(g) | 2,919,701 | 2,458,342 | ||
Series 2015-C02, Class 2M2, 4.17% (1 mo. USD LIBOR + 4.00%), 05/25/2025(b)(g) | 656,922 | 668,796 | ||
Series 2016-C02, Class 1M2, 6.17% (1 mo. USD LIBOR + 6.00%), 09/25/2028(b)(g) | 1,867,540 | 1,932,684 | ||
Series 2017-C03, Class 1M2, 3.17% (1 mo. USD LIBOR + 3.00%), 10/25/2029(b)(g) | 4,750,000 | 4,751,538 | ||
Series 2017-C05, Class 1M2, 2.37% (1 mo. USD LIBOR + 2.20%), 01/25/2030(b)(g) | 4,963,032 | 4,846,396 | ||
Series 2018-C04, Class 2M2, 2.72% (1 mo. USD LIBOR + 2.55%), 12/25/2030(b)(g) | 4,798,560 | 4,654,989 | ||
Series 2018-C06, Class 1M2, 2.17% (1 mo. USD LIBOR + 2.00%), 03/25/2031(b)(g) | 4,180,859 | 4,056,115 | ||
Freddie Mac | ||||
Series 2014-DN1, Class M2, STACR®, 2.37% (1 mo. USD LIBOR + 2.20%), 02/25/2024(b)(h) | 1,206,273 | 1,209,779 | ||
Series 2014-HQ2, Class M2, STACR®, 2.37% (1 mo. USD LIBOR + 2.20%), 09/25/2024(b)(h) | 2,106,438 | 2,124,399 | ||
Series 2015-DNA1, Class M3, STACR®, 3.47% (1 mo. USD LIBOR + 3.30%), 10/25/2027(b)(h) | 2,540,636 | 2,581,063 | ||
Series 2015-HQ2, Class M2, STACR®, 2.12% (1 mo. USD LIBOR + 1.95%), 05/25/2025(b)(h) | 2,519,912 | 2,531,950 | ||
Series 2016-HQA3, Class M2, STACR®, 1.52% (1 mo. USD LIBOR + 1.35%), 03/25/2029(b)(h) | 850,228 | 849,362 | ||
Series 2016-HQA4, Class M2, STACR®, 1.47% (1 mo. USD LIBOR + 1.30%), 04/25/2029(b)(h) | 14,549 | 14,545 | ||
Series 2018-HQA1, Class M2, STACR®, 2.47% (1 mo. USD LIBOR + 2.30%), 09/25/2030(b)(h) | 4,367,648 | 4,195,927 | ||
Series 2018-HQA2, Class M2, STACR®, 2.47% (1 mo. USD LIBOR + 2.30%), 10/25/2048(b)(c)(h) | 5,500,000 | 5,288,596 | ||
Series 2018-HRP2, Class M2, STACR®, 1.42% (1 mo. USD LIBOR + 1.25%), 02/25/2047(b)(c)(h) | 1,997,746 | 1,955,651 | ||
Series 2019-DNA3, Class M2, STACR®, 2.22% (1 mo. USD LIBOR + 2.05%), 07/25/2049(b)(c)(h) | 4,554,439 | 4,399,943 |
See accompanying notes which are an integral part of this schedule.
Invesco Variable Rate Investment Grade ETF (VRIG)—(continued)
July 31, 2020
(Unaudited)
Principal Amount | Value | |||
Series 2019-HQA2, Class M2, STACR®, 2.22% (1 mo. USD LIBOR + 2.05%), 04/25/2049(b)(c)(h) | $ | 3,047,030 | $2,945,020 | |
Series 2019-HQA3, Class M2, STACR®, 2.02% (1 mo. USD LIBOR + 1.85%), 09/25/2049(b)(c)(h) | 3,546,131 | 3,423,164 | ||
Total Agency Credit Risk Transfer Notes (Cost $72,455,137) | 68,375,395 | |||
U.S. Treasury Securities-11.68% | ||||
U.S. Treasury Floating Rate Notes-11.68% | ||||
0.21% (3 mo. U.S. Treasury Bill Money Market Yield Rate + 0.11%), 04/30/2022(b) (Cost $44,527,427) | 44,500,000 | 44,557,002 | ||
U.S. Government Sponsored Agency Mortgage-Backed Securities-7.76% | ||||
Collateralized Mortgage Obligations-6.78% | ||||
Fannie Mae REMICs | ||||
Series 2011-127, Class FJ, 0.52% (1 mo. USD LIBOR + 0.35%), 09/25/2041(b) | 76,779 | 76,824 | ||
Series 2014-92, Class FB, 0.49% (1 mo. USD LIBOR + 0.32%), 01/25/2045(b) | 1,304,701 | 1,287,349 | ||
Series 2016-25, Class FL, 0.67% (1 mo. USD LIBOR + 0.50%), 05/25/2046(b) | 406,490 | 407,910 | ||
Series 2017-100, Class FM, 0.49% (1 mo. USD LIBOR + 0.32%), 12/25/2047(b) | 454,578 | 453,325 | ||
Series 2017-68, Class AF, 0.47% (1 mo. USD LIBOR + 0.30%), 09/25/2047(b) | 1,336,694 | 1,331,842 | ||
Freddie Mac Multifamily Structured Pass Through Ctfs. | ||||
Series KF35, Class A, 0.51% (1 mo. USD LIBOR + 0.35%), 08/25/2024(b) | 970,334 | 973,382 | ||
Series KF35, Class A, 0.55% (1 mo. USD LIBOR + 0.39%), 10/25/2025(b) | 3,027,548 | 3,041,690 | ||
Series KF81, Class AS, 0.48% (SOFR + 0.40%), 06/25/2027(b) | 5,000,000 | 5,009,375 | ||
Series Q008, Class A, 0.55% (1 mo. USD LIBOR + 0.39%), 10/25/2045(b) | 2,693,023 | 2,702,866 | ||
Freddie Mac REMICs | ||||
Series 4091, Class JF, 0.68% (1 mo. USD LIBOR + 0.50%), 06/15/2041(b) | 310,897 | 312,954 | ||
Series 4547, Class FA, 0.62% (1 mo. USD LIBOR + 0.45%), 09/15/2040(b) | 1,067,496 | 1,071,546 | ||
Series 4683, Class FA, 0.52% (1 mo. USD LIBOR + 0.35%), 09/15/2038(b) | 1,350,569 | 1,362,933 | ||
Series 4750, Class CF, 0.53% (1 mo. USD LIBOR + 0.35%), 01/15/2048(b) | 6,551,995 | 6,565,724 | ||
Series 4770, Class FA, 0.49% (1 mo. USD LIBOR + 0.32%), 08/15/2043(b) | 1,280,924 | 1,292,574 | ||
25,890,294 | ||||
Federal Home Loan Mortgage Corp. (FHLMC)-0.37% | ||||
ARM, 3.59% (1 yr. USD LIBOR + 1.62%), 06/01/2037(b) | 307,022 | 323,190 | ||
ARM, 3.56% (1 yr. USD LIBOR + 1.74%), 11/01/2038(b) | 561,768 | 593,253 | ||
ARM, 3.70% (1 yr. USD LIBOR + 1.73%), 03/01/2043(b) | 480,899 | 503,760 | ||
1,420,203 |
Principal Amount | Value | |||
Federal National Mortgage Association (FNMA)-0.61% | ||||
ARM, 3.64% (1 yr. USD LIBOR + 1.64%), 02/01/2035(b) | $ | 56,903 | $57,138 | |
ARM, 2.25% (6 mo. USD LIBOR + 1.57%), 07/01/2035(b) | 77,701 | 79,988 | ||
ARM, 3.44% (1 yr. U.S. Treasury Yield Curve Rate + 2.32%), 07/01/2035(b) | 1,102,996 | 1,159,416 | ||
ARM, 3.96% (1 yr. USD LIBOR + 1.78%), 10/01/2036(b) | 404,499 | 425,455 | ||
ARM, 3.78% (1 yr. USD LIBOR + 1.78%), 03/01/2037(b) | 223,638 | 226,413 | ||
ARM, 3.51% (1 yr. USD LIBOR + 1.59%), 11/01/2037(b) | 358,993 | 377,047 | ||
2,325,457 | ||||
Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $29,610,268) | 29,635,954 | |||
Shares | ||||
Exchange-Traded Funds-0.32% | ||||
Invesco Variable Rate Preferred ETF(d)(i) (Cost $1,113,000) | 50,000 | 1,228,000 | ||
Money Market Funds-0.13% | ||||
Invesco Premier U.S. Government Money Portfolio, Institutional Class, 0.03%(i)(j) (Cost $480,073) | 480,073 | 480,073 | ||
TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-99.89% (Cost $386,559,071) | 381,162,325 | |||
Investments Purchased with Cash Collateral from Securities on Loan | ||||
Money Market Funds-0.69% | ||||
Invesco Private Government Fund, 0.06%(i)(j)(k) | 1,985,527 | 1,985,527 | ||
Invesco Private Prime Fund, 0.15%(i)(j)(k) | 661,710 | 661,842 | ||
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $2,647,369) | 2,647,369 | |||
TOTAL INVESTMENTS IN SECURITIES-100.58% (Cost $389,206,440) | 383,809,694 | |||
OTHER ASSETS LESS LIABILITIES-(0.58)% | (2,216,083) | |||
NET ASSETS-100.00% | $381,593,611 |
See accompanying notes which are an integral part of this schedule.
Invesco Variable Rate Investment Grade ETF (VRIG)—(continued)
July 31, 2020
(Unaudited)
Investment Abbreviations: | |
ARM | -Adjustable Rate Mortgage |
Ctfs. | -Certificates |
ETF | -Exchange-Traded Fund |
LIBOR | -London Interbank Offered Rate |
REMICs | -Real Estate Mortgage Investment Conduits |
SOFR | -Secured Overnight Financing Rate |
STACR® | -Structured Agency Credit Risk |
USD | -U.S. Dollar |
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) | Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on July 31, 2020. |
(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 July 31, 2020 was $140,020,370, which represented 36.69% of the Fund’s Net Assets. |
(d) | All or a portion of this security was out on loan at July 31, 2020. |
(e) | Perpetual bond with no specified maturity date. |
(f) | Interest rate is redetermined periodically based on the cash flows generated by the pool of assets backing the security, less any applicable fees. The rate shown is the rate in effect on July 31, 2020. |
(g) | CAS notes are bonds issued by Fannie Mae. The amount of periodic principal and ultimate principal paid by Fannie Mae is determined by the performance of a large and diverse reference pool. |
(h) | Principal payments are determined by the delinquency and principal payment experience on the STACR® reference pool. Freddie Mac transfers credit risk from the mortgages in the reference pool to credit investors who invest in the STACR® debt notes. |
(i) | Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the nine months ended July 31, 2020. |
Value October 31, 2019 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain | Value July 31, 2020 | Dividend Income | |||||||
Invesco Variable Rate Preferred ETF | $7,719,000 | $1,113,000 | $(7,543,333) | $(128,000) | $67,333 | $1,228,000 | $133,605 | ||||||
Investments in Affiliated Money Market Funds: | |||||||||||||
Invesco Premier U.S. Government Money Portfolio, Institutional Class | 4,141,764 | 150,966,785 | (154,628,476) | - | - | 480,073 | 14,170 | ||||||
Investments Purchased with Cash Collateral from Securities on Loan: | |||||||||||||
Invesco Private Government Fund | - | 7,105,755 | (5,120,228) | - | - | 1,985,527 | 115 | ||||||
Invesco Private Prime Fund | - | 2,256,257 | (1,594,435) | - | 20 | 661,842 | 72 | ||||||
Total | $11,860,764 | $161,441,797 | $(168,886,472) | $(128,000) | $67,353 | $4,355,442 | $147,962 |
(j) | The rate shown is the 7-day SEC standardized yield as of July 31, 2020. |
(k) | 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
July 31, 2020
(Unaudited)
NOTE 1—Additional Valuation Information
Generally Accepted Accounting Principles ("GAAP") defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available or are unreliable. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment’s assigned level:
Level 1 — Prices are determined using quoted prices in an active market for identical assets.
Level 2 — Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others.
Level 3 — Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect a Fund’s own assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.
Except for Invesco Ultra Short Duration ETF and certain Funds listed below, as of July 31, 2020, all of the securities in each Fund were valued based on Level 1 inputs (see the Schedules of Investments for security categories). All of the securities in Invesco Ultra Short Duration ETF were valued based on Level 2 inputs (see the Schedules of Investments for security categories).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 Balanced Multi-Asset Allocation ETF | |||||||
Investments in Securities | |||||||
Affiliated Issuers | $8,171,149 | $- | $- | $8,171,149 | |||
Money Market Funds | 39 | 778,147 | - | 778,186 | |||
Total Investments | $8,171,188 | $778,147 | $- | $8,949,335 | |||
Invesco Conservative Multi-Asset Allocation ETF | |||||||
Investments in Securities | |||||||
Affiliated Issuers | $7,749,522 | $- | $- | $7,749,522 | |||
Money Market Funds | - | 1,147,280 | - | 1,147,280 | |||
Total Investments | $7,749,522 | $1,147,280 | $- | $8,896,802 | |||
Invesco Growth Multi-Asset Allocation ETF | |||||||
Investments in Securities | |||||||
Affiliated Issuers | $5,620,215 | $- | $- | $5,620,215 | |||
Money Market Funds | 75 | 683,431 | - | 683,506 | |||
Total Investments | $5,620,290 | $683,431 | $- | $6,303,721 | |||
Invesco Moderately Conservative Multi-Asset Allocation ETF | |||||||
Investments in Securities | |||||||
Affiliated Issuers | $6,770,306 | $- | $- | $6,770,306 | |||
Money Market Funds | 160 | 770,351 | - | 770,511 | |||
Total Investments | $6,770,466 | $770,351 | $- | $7,540,817 |
Level 1 | Level 2 | Level 3 | Total | ||||
Invesco S&P 500® Downside Hedged ETF | |||||||
Investments in Securities | |||||||
Common Stocks & Other Equity Interests | $52,414,517 | $- | $- | $52,414,517 | |||
Money Market Funds | 24,957,412 | 49,789 | - | 25,007,201 | |||
Total Investments in Securities | 77,371,929 | 49,789 | - | 77,421,718 | |||
Other Investments - Assets(a) | |||||||
Futures Contracts | 1,061,099 | - | - | 1,061,099 | |||
Other Investments - Liabilities(a) | |||||||
Futures Contracts | (155,256) | - | - | (155,256) | |||
Total Other Investments | 905,843 | - | - | 905,843 | |||
Total Investments | $78,277,772 | $49,789 | $- | $78,327,561 | |||
Invesco Total Return Bond ETF | |||||||
Investments in Securities | |||||||
U.S. Dollar Denominated Bonds & Notes | $- | $153,863,032 | $- | $153,863,032 | |||
U.S. Government Sponsored Agency Mortgage-Backed Securities | - | 63,514,332 | - | 63,514,332 | |||
U.S. Treasury Securities | - | 52,909,824 | - | 52,909,824 | |||
Asset-Backed Securities | - | 49,428,545 | - | 49,428,545 | |||
U.S. Government Sponsored Agency Securities | - | 3,336,786 | - | 3,336,786 | |||
Municipal Obligations | - | 3,084,978 | - | 3,084,978 | |||
Non-U.S. Dollar Denominated Bonds & Notes | - | 1,125,361 | - | 1,125,361 | |||
Agency Credit Risk Transfer Notes | - | 1,070,452 | - | 1,070,452 | |||
Preferred Stocks | 359,499 | - | - | 359,499 | |||
Open Exchanged-Traded Index Options Purchased | 169,505 | - | - | 169,505 | |||
Money Market Funds | - | 4,099,847 | - | 4,099,847 | |||
Total Investments in Securities | 529,004 | 332,433,157 | - | 332,962,161 | |||
Other Investments - Assets(a) | |||||||
Futures Contracts | 364,233 | - | - | 364,233 | |||
Other Investments - Liabilities(a) | |||||||
Forward Foreign Currency Contracts | - | (104,232) | - | (104,232) | |||
Futures Contracts | (961,360) | - | - | (961,360) | |||
(961,360) | (104,232) | - | (1,065,592) | ||||
Total Other Investments | (597,127) | (104,232) | - | (701,359) | |||
Total Investments | $(68,123) | $332,328,925 | $- | $332,260,802 | |||
Invesco Variable Rate Investment Grade ETF | |||||||
Investments in Securities | |||||||
U.S. Dollar Denominated Bonds & Notes | $- | $164,226,752 | $- | $164,226,752 | |||
Asset-Backed Securities | - | 72,659,149 | - | 72,659,149 | |||
Agency Credit Risk Transfer Notes | - | 68,375,395 | - | 68,375,395 | |||
U.S. Treasury Securities | - | 44,557,002 | - | 44,557,002 | |||
U.S. Government Sponsored Agency Mortgage-Backed Securities | - | 29,635,954 | - | 29,635,954 | |||
Exchange-Traded Funds | 1,228,000 | - | - | 1,228,000 | |||
Money Market Funds | 480,073 | 2,647,369 | - | 3,127,442 | |||
Total Investments | $1,708,073 | $382,101,621 | $- | $383,809,694 |
(a) | Futures contracts and forward foreign currency contracts are valued at unrealized appreciation (depreciation). |
NOTE 2—Coronavirus (COVID-19) Pandemic
During the first quarter of 2020, the World Health Organization declared COVID-19 to be a public health emergency. COVID-19 has led to increased short-term market volatility and may have adverse long-term effects on U.S. and world economies and markets in general. COVID-19 may adversely impact the value of the Funds’ investments. Because of the uncertainties on valuation, the global economy and business operations, values reflected in the Schedules of Investments may materially differ from the value received upon actual sales of those investments.
The extent of the impact on the performance of the Funds and their investments will depend on future developments, including the duration and spread of the COVID-19 outbreak, related restrictions and advisories, and the effects on the financial markets and economy overall, all of which are highly uncertain and cannot be predicted.