Schedule of Investments
Invesco AAA CLO Floating Rate Note ETF (ICLO)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
Asset-Backed Securities-98.74% |
| |||||||
ABPCI Direct Lending Fund IX LLC (Cayman Islands), Series 2020-9A, Class A1R, 7.02% (3 mo. Term SOFR + 1.66%), 11/18/2031(a)(b) | $ | 500,000 | $ | 493,249 | ||||
AGL CLO 14 Ltd. (Cayman Islands), Series 2021-14A, Class A, 6.75% (3 mo. Term SOFR + 1.41%), 12/02/2034(a)(b) | 1,500,000 | 1,494,202 | ||||||
Aimco CLO 14 Ltd. (Cayman Islands), Series 2021-14A, Class A, 6.58% (3 mo. Term SOFR + 1.25%), 04/20/2034(a)(b) | 1,500,000 | 1,487,005 | ||||||
Benefit Street Partners CLO XI (Cayman Islands), Series 2017-11A, Class A2R, 7.07% (3 mo. Term SOFR + 1.76%), 04/15/2029(a)(b) | 1,000,000 | 994,576 | ||||||
Benefit Street Partners CLO XII Ltd. (Cayman Islands), Series 2017-12A, Class A1R, 6.52% (3 mo. Term SOFR + 1.21%), 10/15/2030(a)(b) | 448,215 | 446,637 | ||||||
Buckhorn Park CLO Ltd. (Cayman Islands), Series 2019-1A, Class AR, 6.69% (3 mo. Term SOFR + 1.38%), 07/18/2034(a)(b) | 1,325,000 | 1,319,684 | ||||||
Carlyle Global Market Strategies CLO Ltd. (Cayman Islands) | ||||||||
Series 2013-1A, Class A1RR, 6.27% (3 mo. USD LIBOR + 0.95%), 08/14/2030(a)(b) | 682,576 | 680,986 | ||||||
Series 2014-2RA, Class A2, 6.65% (3 mo. USD LIBOR + 1.33%), 05/15/2031(a)(b) | 1,000,000 | 981,480 | ||||||
CBAM Ltd. (Cayman Islands), Series 2017-1A, Class A1, 6.84% (3 mo. Term SOFR + 1.51%), 07/20/2030(a)(b) | 261,280 | 260,370 | ||||||
Cedar Funding IV CLO Ltd. (Cayman Islands), Series 2014-4A, Class ARR, 6.77% (3 mo. Term SOFR + 1.42%), 07/23/2034(a)(b) | 1,000,000 | 993,889 | ||||||
Cedar Funding XI CLO Ltd. (Cayman Islands), Series 2019-11A, Class A1R, 6.51% (3 mo. USD LIBOR + 1.05%), 05/29/2032(a)(b) | 1,850,000 | 1,841,170 | ||||||
Elmwood CLO IX Ltd. (Cayman Islands), Series 2021-2A, Class A, 6.72% (3 mo. Term SOFR + 1.39%), 07/20/2034(a)(b) | 1,640,000 | 1,632,812 | ||||||
GoldenTree Loan Management US CLO 1 Ltd. (Cayman Islands), Series 2017-1A, Class A1R2, 6.61% (3 mo. Term SOFR + 1.28%), 04/20/2034(a)(b) | 900,000 | 892,675 | ||||||
Golub Capital Partners CLO 25(M) Ltd. (Cayman Islands), Series 2015-25A, Class AR, 6.71% (3 mo. USD LIBOR + 1.38%), 05/05/2030(a)(b) | 1,168,527 | 1,165,000 | ||||||
Golub Capital Partners CLO 45(M) Ltd. (Cayman Islands), Series 2019-45A, Class A, 7.31% (3 mo. Term SOFR + 1.98%), 10/20/2031(a)(b) | 1,250,000 | 1,237,544 | ||||||
Golub Capital Partners CLO 47(M) Ltd. (Cayman Islands), Series 2020-47A, Class A1, 7.31% (3 mo. USD LIBOR + 1.68%), 05/05/2032(a)(b) | 1,150,000 | 1,135,497 | ||||||
Madison Park Funding XXVI Ltd. (Cayman Islands), Series 2017-26A, Class BR, 7.23% (3 mo. Term SOFR + 1.86%), 07/29/2030(a)(b) | 550,000 | 546,250 |
Principal Amount | Value | |||||||
Madison Park Funding XXXVII Ltd. (Cayman Islands), Series 2019-37A, Class AR, 6.64% (3 mo. Term SOFR + 1.33%), 07/15/2033(a)(b) | $ | 1,340,000 | $ | 1,331,616 | ||||
Mariner CLO LLC (Cayman Islands), Series 2016-3A, Class BR2, 7.11% (3 mo. Term SOFR + 1.76%), 07/23/2029(a)(b) | 1,000,000 | 996,156 | ||||||
Neuberger Berman CLO XV (Cayman Islands), Series 2013-15A, Class A1R2, 6.49% (3 mo. Term SOFR + 1.18%), 10/15/2029(a)(b) | 923,284 | 919,666 | ||||||
Owl Rock CLO IV Ltd. (Cayman Islands), Series 2020-4A, Class A1R, 6.98% (3 mo. USD LIBOR + 1.60%), 08/20/2033(a)(b) | 750,000 | 737,186 | ||||||
Palmer Square CLO Ltd. (Cayman Islands), Series 2015-1A, Class A1A4, 6.51% (3 mo. USD LIBOR + 1.13%), 05/21/2034(a)(b) | 1,795,000 | 1,789,818 | ||||||
Rad CLO 5 Ltd. (Cayman Islands), Series 2019- 5A, Class BR, 7.31% (3 mo. Term SOFR + 1.96%), 07/24/2032(a)(b) | 2,000,000 | 1,978,468 | ||||||
Regatta XX Funding Ltd. (Cayman Islands), Series 2021-2A, Class A, 6.73% (3 mo. Term SOFR + 1.42%), 10/15/2034(a)(b) | 1,345,000 | 1,337,890 | ||||||
Regatta XXII Funding Ltd. (Cayman Islands), Series 2022-2A, Class A, 6.87% (3 mo. Term SOFR + 1.54%), 07/20/2035(a)(b) | 1,000,000 | 1,000,848 | ||||||
RR 1 LLC, Series 2017-1A, Class A1AB, 6.72% (3 mo. Term SOFR + 1.41%), 07/15/2035(a)(b) | 1,310,000 | 1,300,830 | ||||||
Signal Peak CLO 1 Ltd., Series 2014-1A, Class AR3, 6.73% (3 mo. Term SOFR + 1.42%), 04/17/2034(a)(b) | 1,500,000 | 1,494,288 | ||||||
Sixth Street CLO XIX Ltd. (Cayman Islands), Series 2021-19A, Class A, 6.69% (3 mo. Term SOFR + 1.36%), 07/20/2034(a)(b) | 1,000,000 | 992,066 | ||||||
Symphony CLO XIX Ltd. (Cayman Islands), Series 2018-19A, Class B, 6.92% (3 mo. Term SOFR + 1.61%), 04/16/2031(a)(b) | 900,000 | 876,739 | ||||||
Symphony CLO XVI Ltd. (Cayman Islands), Series 2015-16A, Class AR, 6.72% (3 mo. Term SOFR + 1.41%), 10/15/2031(a)(b) | 500,000 | 498,411 | ||||||
|
| |||||||
Total Asset-Backed Securities |
| 32,857,008 | ||||||
|
| |||||||
Shares | ||||||||
Money Market Funds-1.00% | ||||||||
Invesco Government & Agency Portfolio, Institutional Class, 5.18%(c)(d) | 331,994 | 331,994 | ||||||
|
| |||||||
TOTAL INVESTMENTS IN SECURITIES-99.74% |
| 33,189,002 | ||||||
OTHER ASSETS LESS LIABILITIES-0.26% |
| 86,222 | ||||||
|
| |||||||
NET ASSETS-100.00% | $ | 33,275,224 | ||||||
|
|
See accompanying notes which are an integral part of this schedule.
Invesco AAA CLO Floating Rate Note ETF (ICLO)–(continued)
July 31, 2023
(Unaudited)
Investment Abbreviations:
BR | -Bearer Shares |
CLO | -Collateralized Loan Obligation |
LIBOR | -London Interbank Offered Rate |
SOFR | -Secured Overnight Financing Rate |
USD | -U.S. Dollar |
Notes to Schedule of Investments:
(a) | Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at July 31, 2023 was $32,857,008, which represented 98.74% of the Fund’s Net Assets. |
(b) | Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on July 31, 2023. |
(c) | 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 period ended July 31, 2023. |
Value October 31, 2022 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation | Realized Gain | Value July 31, 2023 | Dividend Income | |||||||||||||||||||||||||||||
Investments in Affiliated Money Market Funds: | |||||||||||||||||||||||||||||||||||
Invesco Government & Agency Portfolio, Institutional Class | $- | $4,478,610 | $(4,146,616) | $- | $- | $331,994 | $5,869 |
(d) | The rate shown is the 7-day SEC standardized yield as of July 31, 2023. |
The valuation policy and a listing of other significant accounting policies are available in the most recent Statement of Additional Information.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments(a)
Invesco Active U.S. Real Estate ETF (PSR)
July 31, 2023
(Unaudited)
Shares | Value | |||||||
Common Stocks & Other Equity Interests-100.00% |
| |||||||
Apartments-9.72% | ||||||||
Apartment Income REIT Corp. | 37,487 | $ | 1,294,801 | |||||
AvalonBay Communities, Inc. | 6,917 | 1,304,892 | ||||||
Camden Property Trust | 12,233 | 1,334,498 | ||||||
Elme Communities | 82,711 | 1,344,054 | ||||||
Equity Residential | 19,983 | 1,317,679 | ||||||
Essex Property Trust, Inc. | 5,578 | 1,358,522 | ||||||
Mid-America Apartment Communities, Inc. | 8,767 | 1,312,069 | ||||||
UDR, Inc. | 31,569 | 1,290,541 | ||||||
|
| |||||||
10,557,056 | ||||||||
|
| |||||||
Data Centers-10.11% | ||||||||
Digital Realty Trust, Inc. | 45,057 | 5,615,003 | ||||||
Equinix, Inc. | 6,617 | 5,359,241 | ||||||
|
| |||||||
10,974,244 | ||||||||
|
| |||||||
Diversified-1.29% | ||||||||
W.P. Carey, Inc. | 20,733 | 1,400,099 | ||||||
|
| |||||||
Free Standing-5.48% | ||||||||
Agree Realty Corp. | 12,956 | 839,290 | ||||||
Essential Properties Realty Trust, Inc. | 34,631 | 850,191 | ||||||
Four Corners Property Trust, Inc. | 32,688 | 859,694 | ||||||
NETSTREIT Corp. | 48,465 | 867,039 | ||||||
NNN REIT, Inc. | 19,660 | 839,089 | ||||||
Realty Income Corp. | 13,958 | 851,019 | ||||||
Spirit Realty Capital, Inc. | 20,851 | 840,921 | ||||||
|
| |||||||
5,947,243 | ||||||||
|
| |||||||
Gaming REITs-4.00% | ||||||||
Gaming and Leisure Properties, Inc. | 45,310 | 2,150,413 | ||||||
VICI Properties, Inc. | 69,840 | 2,198,563 | ||||||
|
| |||||||
4,348,976 | ||||||||
|
| |||||||
Health Care-8.65% | ||||||||
CareTrust REIT, Inc.(b) | 56,981 | 1,184,635 | ||||||
Healthcare Realty Trust, Inc. | 60,724 | 1,185,940 | ||||||
Healthpeak Properties, Inc. | 53,835 | 1,175,218 | ||||||
National Health Investors, Inc. | 21,429 | 1,176,666 | ||||||
Omega Healthcare Investors, Inc. | 35,753 | 1,140,521 | ||||||
Physicians Realty Trust(b) | 80,081 | 1,180,394 | ||||||
Ventas, Inc. | 23,964 | 1,162,733 | ||||||
Welltower, Inc. | 14,410 | 1,183,781 | ||||||
|
| |||||||
9,389,888 | ||||||||
|
| |||||||
Industrial-14.26% | ||||||||
Americold Realty Trust, Inc. | 70,116 | 2,273,161 | ||||||
EastGroup Properties, Inc. | 12,214 | 2,164,077 | ||||||
First Industrial Realty Trust, Inc. | 41,341 | 2,137,330 | ||||||
Prologis, Inc. | 17,738 | 2,212,815 | ||||||
Rexford Industrial Realty, Inc. | 41,250 | 2,272,462 | ||||||
STAG Industrial, Inc. | 59,940 | 2,175,822 | ||||||
Terreno Realty Corp. | 37,959 | 2,252,487 | ||||||
|
| |||||||
15,488,154 | ||||||||
|
| |||||||
Infrastructure REITs-14.26% | ||||||||
American Tower Corp. | 28,360 | 5,397,191 | ||||||
Crown Castle, Inc. | 47,572 | 5,151,572 | ||||||
SBA Communications Corp., Class A | 22,559 | 4,939,293 | ||||||
|
| |||||||
15,488,056 | ||||||||
|
| |||||||
Lodging Resorts-2.66% | ||||||||
Apple Hospitality REIT, Inc. | 25,948 | 402,194 | ||||||
DiamondRock Hospitality Co. | 49,523 | 420,945 | ||||||
Host Hotels & Resorts, Inc.(b) | 22,652 | 416,797 | ||||||
Pebblebrook Hotel Trust(b) | 28,374 | 438,378 |
Shares | Value | |||||||
Lodging Resorts-(continued) | ||||||||
RLJ Lodging Trust(b) | 39,152 | $ | 403,266 | |||||
Ryman Hospitality Properties, Inc.(b) | 4,223 | 402,410 | ||||||
Sunstone Hotel Investors, Inc. | 39,500 | 402,505 | ||||||
|
| |||||||
2,886,495 | ||||||||
|
| |||||||
Manufactured Homes-3.82% | ||||||||
Equity LifeStyle Properties, Inc.(b) | 20,317 | 1,446,164 | ||||||
Sun Communities, Inc. | 10,100 | 1,316,030 | ||||||
UMH Properties, Inc.(b) | 83,287 | 1,386,729 | ||||||
|
| |||||||
4,148,923 | ||||||||
|
| |||||||
Office-3.60% | ||||||||
Alexandria Real Estate Equities, Inc. | 6,114 | 768,408 | ||||||
Boston Properties, Inc.(b) | 11,883 | 791,764 | ||||||
Cousins Properties, Inc. | 30,616 | 747,949 | ||||||
Empire State Realty Trust, Inc., Class A(b) | 91,280 | 816,956 | ||||||
Kilroy Realty Corp. | 22,045 | 787,006 | ||||||
|
| |||||||
3,912,083 | ||||||||
|
| |||||||
Regional Malls-0.80% | ||||||||
Simon Property Group, Inc. | 6,993 | 871,328 | ||||||
|
| |||||||
Self Storage-6.67% | ||||||||
CubeSmart(b) | 42,284 | 1,833,434 | ||||||
Extra Space Storage, Inc. | 12,604 | 1,759,140 | ||||||
National Storage Affiliates Trust | 53,672 | 1,813,577 | ||||||
Public Storage | 6,509 | 1,833,911 | ||||||
|
| |||||||
7,240,062 | ||||||||
|
| |||||||
Shopping Centers-8.04% | ||||||||
Acadia Realty Trust. | 56,414 | 886,264 | ||||||
Alexander & Baldwin, Inc. | 45,367 | 871,046 | ||||||
Brixmor Property Group, Inc. | 37,679 | 856,820 | ||||||
Federal Realty Investment Trust(b) | 8,461 | 858,961 | ||||||
Kimco Realty Corp. | 41,366 | 838,075 | ||||||
Phillips Edison & Co., Inc.(b) | 25,392 | 896,592 | ||||||
Regency Centers Corp. | 13,382 | 876,923 | ||||||
Retail Opportunity Investments Corp.(b) | 61,181 | 901,196 | ||||||
SITE Centers Corp.(b) | 60,469 | 849,589 | ||||||
Urban Edge Properties(b) | 52,297 | 889,572 | ||||||
|
| |||||||
8,725,038 | ||||||||
|
| |||||||
Single Family Homes-2.56% | ||||||||
American Homes 4 Rent, Class A | 37,638 | 1,410,672 | ||||||
Invitation Homes, Inc. | 38,671 | 1,372,821 | ||||||
|
| |||||||
2,783,493 | ||||||||
|
| |||||||
Specialty-0.96% | ||||||||
Lamar Advertising Co., Class A | 5,322 | 525,282 | ||||||
Outfront Media, Inc. | 33,270 | 514,354 | ||||||
|
| |||||||
1,039,636 | ||||||||
|
| |||||||
Timber REITs-3.12% | ||||||||
PotlatchDeltic Corp.(b) | 20,798 | 1,115,397 | ||||||
Rayonier, Inc.(b) | 35,036 | 1,160,392 | ||||||
Weyerhaeuser Co. | 32,663 | 1,112,502 | ||||||
|
| |||||||
3,388,291 | ||||||||
|
| |||||||
TOTAL INVESTMENTS IN SECURITIES |
| 108,589,065 | ||||||
|
|
See accompanying notes which are an integral part of this schedule.
Invesco Active U.S. Real Estate ETF (PSR)–(continued)
July 31, 2023
(Unaudited)
Shares | Value | |||||||
Investments Purchased with Cash Collateral from Securities on Loan Money |
| |||||||
Market Funds-12.34% |
| |||||||
Invesco Private Government Fund, | 3,751,466 | $ | 3,751,466 | |||||
Invesco Private Prime Fund, 5.38%(c)(d)(e) | 9,646,626 | 9,646,626 | ||||||
|
| |||||||
Total Investments Purchased with Cash Collateral from Securities on Loan |
| 13,398,092 | ||||||
|
| |||||||
TOTAL INVESTMENTS IN SECURITIES-112.34% |
| 121,987,157 | ||||||
OTHER ASSETS LESS LIABILITIES-(12.34)% |
| (13,401,678 | ) | |||||
|
| |||||||
NET ASSETS-100.00% | $ | 108,585,479 | ||||||
|
|
Investment Abbreviations:
REIT-Real Estate Investment Trust
Notes to Schedule of Investments:
(a) | Property type classifications used in this report are generally according to FTSE National Association of Real Estate Investment Trusts (“NAREIT”) Equity REITs Index, which is exclusively owned by NAREIT. |
(b) | All or a portion of this security was out on loan at July 31, 2023. |
(c) | 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, 2023. |
Value October 31, 2022 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Value July 31, 2023 | Dividend Income | |||||||||||||||||||||||||||||
Investments in Affiliated Money Market Funds: | |||||||||||||||||||||||||||||||||||
Invesco Government & Agency Portfolio, Institutional Class | $ | - | $ | 2,148,641 | $ | (2,148,641 | ) | $ | - | $ | - | $ | - | $ | 1,129 | ||||||||||||||||||||
Investments Purchased with Cash Collateral from Securities on Loan: | |||||||||||||||||||||||||||||||||||
Invesco Private Government Fund | 1,689,902 | 36,602,220 | (34,540,656 | ) | - | - | 3,751,466 | 105,729 | * | ||||||||||||||||||||||||||
Invesco Private Prime Fund | 4,344,289 | 84,305,679 | (79,003,082 | ) | (76 | ) | (184 | ) | 9,646,626 | 284,597 | * | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||||||||||
Total | $ | 6,034,191 | $ | 123,056,540 | $ | (115,692,379 | ) | $ | (76 | ) | $ | (184 | ) | $ | 13,398,092 | $ | 391,455 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* | Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from borrowers, if any. |
(d) | The rate shown is the 7-day SEC standardized yield as of July 31, 2023. |
(e) | 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 High Yield Bond Factor ETF (IHYF)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
U.S. Dollar Denominated Bonds & Notes-97.01% |
| |||||||
Advertising-0.29% | ||||||||
Advantage Sales & Marketing, Inc., 6.50%, 11/15/2028(b) | $ | 126,000 | $ | 109,756 | ||||
|
| |||||||
Aerospace & Defense-1.89% | ||||||||
Bombardier, Inc. (Canada), 7.50%, 02/01/2029(b) | 217,000 | 215,183 | ||||||
Howmet Aerospace, Inc. | ||||||||
5.13%, 10/01/2024 | 45,000 | 44,599 | ||||||
6.88%, 05/01/2025 | 115,000 | 116,856 | ||||||
Spirit AeroSystems, Inc., 9.38%, 11/30/2029(b) | 62,000 | 66,445 | ||||||
TransDigm, Inc., 6.25%, 03/15/2026(b) | 274,000 | 272,771 | ||||||
|
| |||||||
715,854 | ||||||||
|
| |||||||
Agricultural & Farm Machinery-0.17% | ||||||||
Titan International, Inc., 7.00%, 04/30/2028 | 65,000 | 62,687 | ||||||
|
| |||||||
Air Freight & Logistics-0.32% | ||||||||
Rand Parent LLC, 8.50%, 02/15/2030(b) | 128,000 | 120,553 | ||||||
|
| |||||||
Alternative Carriers-0.64% | ||||||||
Lumen Technologies, Inc., 4.00%, 02/15/2027(b) | 144,000 | 94,870 | ||||||
Qwest Corp., 7.25%, 09/15/2025 | 77,000 | 75,109 | ||||||
Zayo Group Holdings, Inc., 4.00%, 03/01/2027(b) | 100,000 | 71,641 | ||||||
|
| |||||||
241,620 | ||||||||
|
| |||||||
Aluminum-0.23% | ||||||||
Kaiser Aluminum Corp., 4.50%, 06/01/2031(b) | 106,000 | 86,757 | ||||||
|
| |||||||
Apparel Retail-0.58% | ||||||||
Foot Locker, Inc., 4.00%, 10/01/2029(b) | 67,000 | 52,151 | ||||||
Gap, Inc. (The), 3.63%, 10/01/2029(b) | 161,000 | 120,267 | ||||||
Victoria’s Secret & Co., 4.63%, 07/15/2029(b) | 62,000 | 46,595 | ||||||
|
| |||||||
219,013 | ||||||||
|
| |||||||
Apparel, Accessories & Luxury Goods-0.72% |
| |||||||
G-III Apparel Group Ltd., 7.88%, 08/15/2025(b) | 88,000 | 86,635 | ||||||
Hanesbrands, Inc., 4.88%, 05/15/2026(b)(c) | 81,000 | 76,032 | ||||||
Under Armour, Inc., 3.25%, 06/15/2026 | 122,000 | 111,962 | ||||||
|
| |||||||
274,629 | ||||||||
|
| |||||||
Application Software-0.64% | ||||||||
Cloud Software Group, Inc., 6.50%, 03/31/2029(b) | 100,000 | 90,094 | ||||||
Open Text Holdings, Inc. (Canada) | ||||||||
4.13%, 02/15/2030(b) | 103,000 | 88,389 | ||||||
4.13%, 12/01/2031(b) | 76,000 | 63,068 | ||||||
|
| |||||||
241,551 | ||||||||
|
| |||||||
Asset Management & Custody Banks-0.15% |
| |||||||
Brightsphere Investment Group, Inc., 4.80%, 07/27/2026 | 58,000 | 55,635 | ||||||
|
| |||||||
Automobile Manufacturers-2.90% | ||||||||
Ford Motor Credit Co. LLC | ||||||||
5.13%, 06/16/2025 | 200,000 | 194,910 | ||||||
4.13%, 08/04/2025 | 200,000 | 190,971 | ||||||
3.38%, 11/13/2025 | 200,000 | 187,175 | ||||||
6.80%, 05/12/2028 | 200,000 | 202,026 |
Principal Amount | Value | |||||||
Automobile Manufacturers-(continued) |
| |||||||
Jaguar Land Rover Automotive PLC (United Kingdom), 7.75%, 10/15/2025(b) | $ | 200,000 | $ | 202,561 | ||||
PM General Purchaser LLC, 9.50%, 10/01/2028(b) | 123,000 | 120,695 | ||||||
|
| |||||||
1,098,338 | ||||||||
|
| |||||||
Automotive Parts & Equipment-1.27% |
| |||||||
Clarios Global L.P./Clarios US Finance Co., 8.50%, 05/15/2027(b) | 37,000 | 37,531 | ||||||
Dana, Inc., 4.25%, 09/01/2030 | 84,000 | 71,855 | ||||||
IHO Verwaltungs GmbH (Germany), 7.13% PIK Rate, 6.38% Cash Rate, 05/15/2029(b)(d) | 200,000 | 186,085 | ||||||
ZF North America Capital, Inc. (Germany), 4.75%, 04/29/2025(b) | 192,000 | 186,864 | ||||||
|
| |||||||
482,335 | ||||||||
|
| |||||||
Automotive Retail-0.10% |
| |||||||
Sonic Automotive, Inc., 4.63%, 11/15/2029(b) | 45,000 | 38,595 | ||||||
|
| |||||||
Broadcasting-2.41% | ||||||||
AMC Networks, Inc., 4.75%, 08/01/2025 | 72,000 | 63,854 | ||||||
iHeartCommunications, Inc. | ||||||||
6.38%, 05/01/2026 | 72,000 | 62,315 | ||||||
8.38%, 05/01/2027(c) | 45,000 | 30,836 | ||||||
Liberty Interactive LLC, 8.25%, 02/01/2030 | 79,000 | 30,020 | ||||||
Paramount Global, 6.38%, 03/30/2062(c)(e) | 298,000 | 245,954 | ||||||
TEGNA, Inc. | ||||||||
4.75%, 03/15/2026(b) | 150,000 | 144,090 | ||||||
4.63%, 03/15/2028 | 155,000 | 139,306 | ||||||
Univision Communications, Inc., 5.13%, 02/15/2025(b) | 73,000 | 71,620 | ||||||
Urban One, Inc., 7.38%, 02/01/2028(b) | 67,000 | 59,228 | ||||||
Videotron Ltd. (Canada), 5.13%, 04/15/2027(b) | 69,000 | 66,598 | ||||||
|
| |||||||
913,821 | ||||||||
|
| |||||||
Broadline Retail-2.93% |
| |||||||
GrubHub Holdings, Inc., 5.50%, 07/01/2027(b) | 90,000 | 64,291 | ||||||
Kohl’s Corp. | ||||||||
4.63%, 05/01/2031 | 90,000 | 66,532 | ||||||
5.55%, 07/17/2045(c) | 100,000 | 64,251 | ||||||
Macy’s Retail Holdings LLC | ||||||||
5.88%, 04/01/2029(b)(c) | 242,000 | 225,054 | ||||||
6.13%, 03/15/2032(b) | 93,000 | 83,081 | ||||||
Nordstrom, Inc. | ||||||||
4.00%, 03/15/2027 | 99,000 | 89,825 | ||||||
6.95%, 03/15/2028 | 63,000 | 62,509 | ||||||
4.38%, 04/01/2030 | 79,000 | 66,715 | ||||||
4.25%, 08/01/2031 | 96,000 | 75,792 | ||||||
QVC, Inc. | ||||||||
4.75%, 02/15/2027 | 125,000 | 81,075 | ||||||
5.45%, 08/15/2034 | 68,000 | 33,400 | ||||||
Rakuten Group, Inc. (Japan), 10.25%, 11/30/2024(b) | 200,000 | 199,914 | ||||||
|
| |||||||
1,112,439 | ||||||||
|
| |||||||
Building Products-2.67% | ||||||||
Builders FirstSource, Inc., 4.25%, 02/01/2032(b) | 194,000 | 168,513 | ||||||
Cornerstone Building Brands, Inc., 6.13%, 01/15/2029(b) | 89,000 | 73,765 |
See accompanying notes which are an integral part of this schedule.
Invesco High Yield Bond Factor ETF (IHYF)–(continued)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
Building Products-(continued) | ||||||||
JELD-WEN, Inc. | ||||||||
6.25%, 05/15/2025(b) | $ | 52,000 | $ | 52,691 | ||||
4.63%, 12/15/2025(b) | 81,000 | 79,239 | ||||||
4.88%, 12/15/2027(b)(c) | 167,000 | 150,054 | ||||||
Masonite International Corp. | ||||||||
5.38%, 02/01/2028(b) | 100,000 | 95,349 | ||||||
3.50%, 02/15/2030(b) | 90,000 | 75,904 | ||||||
Standard Industries, Inc. | ||||||||
5.00%, 02/15/2027(b) | 89,000 | 85,317 | ||||||
4.75%, 01/15/2028(b) | 80,000 | 74,613 | ||||||
4.38%, 07/15/2030(b) | 108,000 | 93,871 | ||||||
3.38%, 01/15/2031(b) | 81,000 | 65,485 | ||||||
|
| |||||||
1,014,801 | ||||||||
|
| |||||||
Cable & Satellite-5.07% | ||||||||
Altice Financing S.A. (Luxembourg), 5.75%, 08/15/2029(b) | 200,000 | 150,189 | ||||||
CCO Holdings LLC/CCO Holdings Capital Corp. | ||||||||
5.50%, 05/01/2026(b) | 88,000 | 85,994 | ||||||
5.13%, 05/01/2027(b) | 285,000 | 267,646 | ||||||
CSC Holdings LLC | ||||||||
5.25%, 06/01/2024 | 69,000 | 64,413 | ||||||
6.50%, 02/01/2029(b) | 200,000 | 170,077 | ||||||
4.63%, 12/01/2030(b) | 200,000 | 100,679 | ||||||
DIRECTV Financing LLC/DIRECTV Financing Co-Obligor, Inc., 5.88%, 08/15/2027(b) | 240,000 | 216,870 | ||||||
DISH DBS Corp. | ||||||||
7.75%, 07/01/2026 | 184,000 | 119,196 | ||||||
5.25%, 12/01/2026(b) | 159,000 | 130,520 | ||||||
DISH Network Corp., 11.75%, 11/15/2027(b) | 137,000 | 138,094 | ||||||
LCPR Senior Secured Financing DAC | ||||||||
6.75%, 10/15/2027(b) | 200,000 | 187,258 | ||||||
5.13%, 07/15/2029(b) | 200,000 | 165,600 | ||||||
Radiate Holdco LLC/Radiate Finance, Inc. | ||||||||
4.50%, 09/15/2026(b) | 67,000 | 54,522 | ||||||
6.50%, 09/15/2028(b) | 40,000 | 24,023 | ||||||
Sirius XM Radio, Inc., 3.13%, 09/01/2026(b) | 53,000 | 47,874 | ||||||
|
| |||||||
1,922,955 | ||||||||
|
| |||||||
Casinos & Gaming-3.63% | ||||||||
Affinity Interactive, 6.88%, 12/15/2027(b) | 187,000 | 165,637 | ||||||
Caesars Entertainment, Inc. | ||||||||
6.25%, 07/01/2025(b) | 182,000 | 181,173 | ||||||
4.63%, 10/15/2029(b) | 45,000 | 39,655 | ||||||
Caesars Resort Collection LLC/CRC Finco, Inc., 5.75%, 07/01/2025(b) | 118,000 | 119,298 | ||||||
Las Vegas Sands Corp. | ||||||||
3.20%, 08/08/2024 | 82,000 | 79,648 | ||||||
2.90%, 06/25/2025 | 200,000 | 188,253 | ||||||
Melco Resorts Finance Ltd. (Hong Kong), 5.38%, 12/04/2029(b) | 200,000 | 170,998 | ||||||
MGM Resorts International, 6.75%, 05/01/2025 | 36,000 | 36,187 | ||||||
Mohegan Tribal Gaming Authority, 8.00%, 02/01/2026(b) | 61,000 | 56,494 | ||||||
Premier Entertainment Sub LLC/Premier Entertainment Finance Corp., 5.88%, 09/01/2031(b)(c) | 234,000 | 172,961 | ||||||
Sands China Ltd. (Macau), 3.75%, 08/08/2031 | 200,000 | 167,922 | ||||||
|
| |||||||
1,378,226 | ||||||||
|
|
Principal Amount | Value | |||||||
Coal & Consumable Fuels-0.31% |
| |||||||
Enviva Partners L.P./Enviva Partners Finance Corp., 6.50%, 01/15/2026(b) | $ | 140,000 | $ | 118,262 | ||||
|
| |||||||
Commercial & Residential Mortgage Finance-0.53% |
| |||||||
Enact Holdings, Inc., 6.50%, 08/15/2025(b) | 78,000 | 77,297 | ||||||
NMI Holdings, Inc., 7.38%, 06/01/2025(b) | 81,000 | 81,874 | ||||||
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., 2.88%, 10/15/2026(b) | 49,000 | 43,664 | ||||||
|
| |||||||
202,835 | ||||||||
|
| |||||||
Commodity Chemicals-0.31% |
| |||||||
Methanex Corp. (Canada), 5.25%, 12/15/2029 | 127,000 | 116,377 | ||||||
|
| |||||||
Communications Equipment-0.28% |
| |||||||
CommScope Technologies LLC, 6.00%, 06/15/2025(b) | 40,000 | 36,324 | ||||||
Hughes Satellite Systems Corp., 6.63%, 08/01/2026 | 79,000 | 71,418 | ||||||
|
| |||||||
107,742 | ||||||||
|
| |||||||
Construction & Engineering-0.12% | ||||||||
AECOM, 5.13%, 03/15/2027 | 48,000 | 46,382 | ||||||
|
| |||||||
Construction Machinery & Heavy Transportation Equipment-0.36% |
| |||||||
Manitowoc Co., Inc. (The), 9.00%, 04/01/2026(b)(c) | 40,000 | 39,850 | ||||||
Trinity Industries, Inc., 4.55%, 10/01/2024 | 100,000 | 97,874 | ||||||
|
| |||||||
137,724 | ||||||||
|
| |||||||
Construction Materials-0.38% |
| |||||||
Camelot Return Merger Sub, Inc., 8.75%, 08/01/2028(b) | 70,000 | 68,371 | ||||||
Eco Material Technologies, Inc., 7.88%, 01/31/2027(b) | 78,000 | 74,586 | ||||||
|
| |||||||
142,957 | ||||||||
|
| |||||||
Consumer Finance-3.17% | ||||||||
Ally Financial, Inc., 5.75%, 11/20/2025(c) | 92,000 | 89,265 | ||||||
ASG Finance Designated Activity Co. (Cyprus), 7.88%, 12/03/2024(b) | 200,000 | 195,200 | ||||||
Credit Acceptance Corp., 5.13%, 12/31/2024(b) | 80,000 | 78,465 | ||||||
Navient Corp. | ||||||||
5.00%, 03/15/2027(c) | 116,000 | 105,089 | ||||||
5.63%, 08/01/2033 | 62,000 | 47,517 | ||||||
OneMain Finance Corp. | ||||||||
6.88%, 03/15/2025 | 72,000 | 71,826 | ||||||
7.13%, 03/15/2026 | 140,000 | 138,818 | ||||||
9.00%, 01/15/2029 | 138,000 | 140,346 | ||||||
PRA Group, Inc., 7.38%, 09/01/2025(b) | 140,000 | 134,966 | ||||||
Synchrony Financial, 7.25%, 02/02/2033 | 215,000 | 201,766 | ||||||
|
| |||||||
1,203,258 | ||||||||
|
| |||||||
Distributors-0.63% |
| |||||||
Evergreen Acqco 1 L.P./TVI, Inc., 9.75%, 04/26/2028(b) | 58,000 | 60,520 | ||||||
Performance Food Group, Inc., 6.88%, 05/01/2025(b) | 180,000 | 180,153 | ||||||
|
| |||||||
240,673 | ||||||||
|
| |||||||
Diversified Banks-0.88% |
| |||||||
Commerzbank AG (Germany), 8.13%, 09/19/2023(b) | 200,000 | 199,770 |
See accompanying notes which are an integral part of this schedule.
Invesco High Yield Bond Factor ETF (IHYF)–(continued)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
Diversified Banks-(continued) | ||||||||
Freedom Mortgage Corp. | ||||||||
8.25%, 04/15/2025(b) | $ | 90,000 | $ | 89,046 | ||||
7.63%, 05/01/2026(b) | 50,000 | 45,841 | ||||||
|
| |||||||
334,657 | ||||||||
|
| |||||||
Diversified Chemicals-0.80% | ||||||||
Chemours Co. (The) | ||||||||
5.38%, 05/15/2027 | 68,000 | 64,791 | ||||||
5.75%, 11/15/2028(b) | 160,000 | 146,946 | ||||||
4.63%, 11/15/2029(b) | 54,000 | 45,628 | ||||||
Trinseo Materials Operating S.C.A./Trinseo Materials Finance, Inc., 5.13%, 04/01/2029(b) | 78,000 | 45,939 | ||||||
|
| |||||||
303,304 | ||||||||
|
| |||||||
Diversified Financial Services-3.12% |
| |||||||
AG Issuer LLC, 6.25%, 03/01/2028(b) | 92,000 | 88,830 | ||||||
Albion Financing 2 S.a.r.l. (Luxembourg), 8.75%, 04/15/2027(b) | 200,000 | 186,302 | ||||||
Midcap Financial Issuer Trust, 5.63%, 01/15/2030(b) | 209,000 | 167,490 | ||||||
Photo Holdings Merger Sub, Inc., 8.50%, 10/01/2026(b) | 79,000 | 38,023 | ||||||
Resorts World Las Vegas LLC/RWLV Capital, Inc. | ||||||||
4.63%, 04/16/2029(b) | 200,000 | 165,847 | ||||||
4.63%, 04/06/2031(b) | 200,000 | 156,182 | ||||||
Scientific Games Holdings L.P./Scientific Games US FinCo, Inc., 6.63%, 03/01/2030(b)(c) | 163,000 | 144,597 | ||||||
United Wholesale Mortgage LLC | ||||||||
5.50%, 11/15/2025(b) | 121,000 | 116,444 | ||||||
5.75%, 06/15/2027(b) | 47,000 | 44,022 | ||||||
5.50%, 04/15/2029(b) | 85,000 | 74,804 | ||||||
|
| |||||||
1,182,541 | ||||||||
|
| |||||||
Diversified Metals & Mining-0.62% |
| |||||||
Mineral Resources Ltd. (Australia) | ||||||||
8.13%, 05/01/2027(b) | 86,000 | 86,184 | ||||||
8.50%, 05/01/2030(b) | 148,000 | 149,727 | ||||||
|
| |||||||
235,911 | ||||||||
|
| |||||||
Diversified Real Estate Activities-0.13% |
| |||||||
Five Point Operating Co. L.P./Five Point Capital Corp., 7.88%, 11/15/2025(b) | 51,000 | 48,262 | ||||||
|
| |||||||
Diversified REITs-0.20% | ||||||||
HAT Holdings I LLC/HAT Holdings II LLC, 3.38%, 06/15/2026(b) | 82,000 | 74,146 | ||||||
|
| |||||||
Diversified Support Services-1.52% |
| |||||||
MPH Acquisition Holdings LLC | ||||||||
5.50%, 09/01/2028(b) | 81,000 | 70,679 | ||||||
5.75%, 11/01/2028(b) | 87,000 | 66,438 | ||||||
Neptune Bidco US, Inc., 9.29%, 04/15/2029(b) | 307,000 | 282,793 | ||||||
Prime Security Services Borrower LLC/Prime Finance, Inc. | ||||||||
5.25%, 04/15/2024(b) | 39,000 | 38,645 | ||||||
5.75%, 04/15/2026(b) | 120,000 | 117,784 | ||||||
|
| |||||||
576,339 | ||||||||
|
| |||||||
Education Services-0.29% |
| |||||||
Grand Canyon University, 4.13%, 10/01/2024 | 118,000 | 111,687 | ||||||
|
|
Principal Amount | Value | |||||||
Electric Utilities-1.69% |
| |||||||
Drax Finco PLC (United Kingdom), 6.63%, 11/01/2025(b) | $ | 200,000 | $ | 196,856 | ||||
Edison International, 8.13%, 06/15/2053(e) | 70,000 | 71,844 | ||||||
Midland Cogeneration Venture L.P., 6.00%, 03/15/2025(b) | 56,844 | 56,560 | ||||||
NRG Energy, Inc. | ||||||||
5.25%, 06/15/2029(b) | 83,000 | 74,983 | ||||||
3.63%, 02/15/2031(b) | 87,000 | 68,354 | ||||||
3.88%, 02/15/2032(b) | 144,000 | 111,563 | ||||||
Vistra Operations Co. LLC, 5.63%, 02/15/2027(b) | 63,000 | 60,984 | ||||||
|
| |||||||
641,144 | ||||||||
|
| |||||||
Electrical Components & Equipment-0.30% |
| |||||||
WESCO Distribution, Inc., 7.13%, 06/15/2025(b) | 114,000 | 115,411 | ||||||
|
| |||||||
Electronic Components-0.73% | ||||||||
Imola Merger Corp., 4.75%, 05/15/2029(b) | 160,000 | 140,657 | ||||||
Likewize Corp., 9.75%, 10/15/2025(b) | 141,000 | 136,293 | ||||||
|
| |||||||
276,950 | ||||||||
|
| |||||||
Environmental & Facilities Services-0.24% |
| |||||||
Enviri Corp., 5.75%, 07/31/2027(b) | 73,000 | 63,141 | ||||||
Stericycle, Inc., 5.38%, 07/15/2024(b) | 28,000 | 27,695 | ||||||
|
| |||||||
90,836 | ||||||||
|
| |||||||
Financial Exchanges & Data-0.35% | ||||||||
Coinbase Global, Inc., 3.38%, 10/01/2028(b) | 189,000 | 132,520 | ||||||
|
| |||||||
Food Distributors-0.83% | ||||||||
C&S Group Enterprises LLC, 5.00%, 12/15/2028(b) | 224,000 | 173,835 | ||||||
United Natural Foods, Inc., 6.75%, 10/15/2028(b) | 107,000 | 89,240 | ||||||
US Foods, Inc., 6.25%, 04/15/2025(b) | 50,000 | 50,171 | ||||||
|
| |||||||
313,246 | ||||||||
|
| |||||||
Food Retail-0.32% | ||||||||
Albertson’s Cos., Inc./Safeway, Inc./New Albertson’s L.P./Albertson’s LLC, 4.63%, 01/15/2027(b) | 128,000 | 121,414 | ||||||
|
| |||||||
Footwear-0.39% | ||||||||
Abercrombie & Fitch Management Co., 8.75%, 07/15/2025(b) | 147,000 | 149,254 | ||||||
|
| |||||||
Gas Utilities-0.32% | ||||||||
AmeriGas Partners L.P./AmeriGas Finance Corp., 5.88%, 08/20/2026 | 60,000 | 56,626 | ||||||
Ferrellgas L.P./Ferrellgas Finance Corp., 5.88%, 04/01/2029(b) | 75,000 | 64,591 | ||||||
|
| |||||||
121,217 | ||||||||
|
| |||||||
Health Care Distributors-0.46% |
| |||||||
Owens & Minor, Inc. | ||||||||
4.50%, 03/31/2029(b) | 86,000 | 74,030 | ||||||
6.63%, 04/01/2030(b) | 110,000 | 100,802 | ||||||
|
| |||||||
174,832 | ||||||||
|
| |||||||
Health Care Equipment-0.25% |
| |||||||
Varex Imaging Corp., 7.88%, 10/15/2027(b) | 96,000 | 96,442 | ||||||
|
| |||||||
Health Care Facilities-0.84% | ||||||||
Legacy LifePoint Health LLC, 6.75%, 04/15/2025(b) | 95,000 | 96,561 |
See accompanying notes which are an integral part of this schedule.
Invesco High Yield Bond Factor ETF (IHYF)–(continued)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
Health Care Facilities-(continued) |
| |||||||
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc., 9.75%, 12/01/2026(b) | $ | 26,000 | $ | 24,412 | ||||
Tenet Healthcare Corp., 4.88%, 01/01/2026(c) | 204,000 | 197,643 | ||||||
|
| |||||||
318,616 | ||||||||
|
| |||||||
Health Care REITs-0.62% |
| |||||||
MPT Operating Partnership L.P./MPT Finance Corp. | ||||||||
5.00%, 10/15/2027(c) | 148,000 | 129,882 | ||||||
4.63%, 08/01/2029 | 131,000 | 104,206 | ||||||
|
| |||||||
234,088 | ||||||||
|
| |||||||
Health Care Services-2.06% |
| |||||||
Community Health Systems, Inc. | ||||||||
8.00%, 03/15/2026(b) | 126,000 | 123,848 | ||||||
6.00%, 01/15/2029(b) | 160,000 | 136,981 | ||||||
6.88%, 04/15/2029(b) | 102,000 | 67,720 | ||||||
6.13%, 04/01/2030(b) | 84,000 | 53,040 | ||||||
5.25%, 05/15/2030(b) | 83,000 | 66,420 | ||||||
Global Medical Response, Inc., 6.50%, 10/01/2025(b) | 10,000 | 5,950 | ||||||
ModivCare, Inc., 5.88%, 11/15/2025(b) | 97,000 | 90,080 | ||||||
Prime Healthcare Services, Inc., 7.25%, 11/01/2025(b) | 75,000 | 71,335 | ||||||
US Acute Care Solutions LLC, 6.38%, 03/01/2026(b) | 192,000 | 168,000 | ||||||
|
| |||||||
783,374 | ||||||||
|
| |||||||
Health Care Technology-0.30% |
| |||||||
athenahealth Group, Inc., 6.50%, 02/15/2030(b) | 135,000 | 114,554 | ||||||
|
| |||||||
Home Furnishings-0.19% | ||||||||
Tempur Sealy International, Inc., 3.88%, 10/15/2031(b) | 87,000 | 70,494 | ||||||
|
| |||||||
Home Improvement Retail-0.29% |
| |||||||
Specialty Building Products Holdings LLC/SBP Finance Corp., 6.38%, 09/30/2026(b) | 117,000 | 111,455 | ||||||
|
| |||||||
Homebuilding-1.55% |
| |||||||
Brookfield Residential Properties, Inc./ Brookfield Residential US LLC (Canada), 6.25%, 09/15/2027(b) | 88,000 | 81,438 | ||||||
LGI Homes, Inc., 4.00%, 07/15/2029(b) | 202,000 | 169,935 | ||||||
New Home Co., Inc. (The), 7.25%, 10/15/2025(b) | 80,000 | 74,375 | ||||||
Shea Homes L.P./Shea Homes Funding Corp., 4.75%, 02/15/2028 | 78,000 | 71,060 | ||||||
Taylor Morrison Communities, Inc., 5.75%, 01/15/2028(b) | 80,000 | 78,060 | ||||||
Tri Pointe Homes, Inc., 5.25%, 06/01/2027 | 118,000 | 114,138 | ||||||
|
| |||||||
589,006 | ||||||||
|
| |||||||
Hotel & Resort REITs-0.73% | ||||||||
Service Properties Trust | ||||||||
4.50%, 03/15/2025 | 19,000 | 17,926 | ||||||
4.75%, 10/01/2026 | 150,000 | 131,479 | ||||||
4.95%, 02/15/2027(c) | 149,000 | 127,932 | ||||||
|
| |||||||
277,337 | ||||||||
|
|
Principal Amount | Value | |||||||
Hotels, Resorts & Cruise Lines-2.30% | ||||||||
Carnival Corp. | ||||||||
5.75%, 03/01/2027(b) | $ | 282,000 | $ | 261,107 | ||||
6.00%, 05/01/2029(b) | 200,000 | 179,958 | ||||||
Royal Caribbean Cruises Ltd. | ||||||||
11.50%, 06/01/2025(b) | 46,000 | 48,775 | ||||||
5.50%, 04/01/2028(b) | 138,000 | 130,191 | ||||||
Six Flags Theme Parks, Inc., 7.00%, 07/01/2025(b) | 66,000 | 66,220 | ||||||
Travel + Leisure Co., Series J, 6.00%, 04/01/2027 | 188,000 | 184,428 | ||||||
|
| |||||||
870,679 | ||||||||
|
| |||||||
Housewares & Specialties-0.65% | ||||||||
Newell Brands, Inc. | ||||||||
4.70%, 04/01/2026 | 183,000 | 173,875 | ||||||
6.63%, 09/15/2029 | 74,000 | 74,058 | ||||||
|
| |||||||
247,933 | ||||||||
|
| |||||||
Independent Power Producers & Energy Traders-0.47% |
| |||||||
EnfraGen Energia Sur S.A./EnfraGen Spain S.A./Prime Energia S.p.A. (Colombia), 5.38%, 12/30/2030(b) | 270,000 | 178,810 | ||||||
|
| |||||||
Industrial Conglomerates-0.89% | ||||||||
Icahn Enterprises L.P./Icahn Enterprises Finance Corp. | ||||||||
6.25%, 05/15/2026 | 159,000 | 149,217 | ||||||
4.38%, 02/01/2029(c) | 230,000 | 186,812 | ||||||
|
| |||||||
336,029 | ||||||||
|
| |||||||
Industrial Machinery & Supplies & Components-0.30% |
| |||||||
CD&R Smokey Buyer, Inc., 6.75%, 07/15/2025(b) | 57,000 | 53,866 | ||||||
JPW Industries Holding Corp., 9.00%, 10/01/2024(b) | 65,000 | 60,527 | ||||||
|
| |||||||
114,393 | ||||||||
|
| |||||||
Insurance Brokers-0.26% | ||||||||
HUB International Ltd., 7.00%, 05/01/2026(b) | 98,000 | 97,915 | ||||||
|
| |||||||
Integrated Telecommunication Services-2.61% |
| |||||||
Connect Finco S.a.r.l./Connect US Finco LLC (United Kingdom), 6.75%, 10/01/2026(b) | 200,000 | 191,925 | ||||||
Consolidated Communications, Inc., 6.50%, 10/01/2028(b) | 53,000 | 41,738 | ||||||
Frontier North, Inc., Series G, 6.73%, 02/15/2028 | 154,000 | 142,616 | ||||||
Level 3 Financing, Inc. | ||||||||
3.40%, 03/01/2027(b) | 90,000 | 79,461 | ||||||
3.88%, 11/15/2029(b) | 160,000 | 136,250 | ||||||
10.50%, 05/15/2030(b) | 67,000 | 69,482 | ||||||
Ligado Networks LLC, 15.50% PIK Rate, 0.00% Cash Rate, 11/01/2023(b)(d) | 39,592 | 13,560 | ||||||
Telecom Italia S.p.A. (Italy), 5.30%, 05/30/2024(b) | 200,000 | 196,255 | ||||||
Windstream Escrow LLC/Windstream Escrow Finance Corp., 7.75%, 08/15/2028(b) | 140,000 | 118,055 | ||||||
|
| |||||||
989,342 | ||||||||
|
| |||||||
Interactive Media & Services-0.61% | ||||||||
Cumulus Media New Holdings, Inc., 6.75%, 07/01/2026(b) | 37,000 | 27,801 | ||||||
Diamond Sports Group LLC/Diamond Sports Finance Co., 5.38%, 08/15/2026(b) | 101,000 | 3,156 |
See accompanying notes which are an integral part of this schedule.
Invesco High Yield Bond Factor ETF (IHYF)–(continued)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
Interactive Media & Services-(continued) |
| |||||||
Millennium Escrow Corp., 6.63%, 08/01/2026(b) | $ | 72,000 | $ | 53,733 | ||||
Scripps Escrow II, Inc., 5.38%, 01/15/2031(b) | 160,000 | 122,104 | ||||||
TripAdvisor, Inc., 7.00%, 07/15/2025(b) | 24,000 | 24,066 | ||||||
|
| |||||||
230,860 | ||||||||
|
| |||||||
Internet Services & Infrastructure-0.11% |
| |||||||
Cogent Communications Group, Inc., 3.50%, 05/01/2026(b) | 43,000 | 39,915 | ||||||
|
| |||||||
Investment Banking & Brokerage-0.35% |
| |||||||
NFP Corp., 6.88%, 08/15/2028(b) | 119,000 | 105,468 | ||||||
StoneX Group, Inc., 8.63%, 06/15/2025(b) | 26,000 | 26,225 | ||||||
|
| |||||||
131,693 | ||||||||
|
| |||||||
IT Consulting & Other Services-0.38% |
| |||||||
Sabre GLBL, Inc., 7.38%, 09/01/2025(b) | 117,000 | 105,726 | ||||||
Unisys Corp., 6.88%, 11/01/2027(b) | 49,000 | 40,063 | ||||||
|
| |||||||
145,789 | ||||||||
|
| |||||||
Leisure Facilities-1.07% |
| |||||||
Carnival Holdings Bermuda Ltd., 10.38%, 05/01/2028(b) | 125,000 | 136,511 | ||||||
Cedar Fair L.P./Canada’s Wonderland Co./Magnum Management Corp., 5.50%, 05/01/2025(b) | 48,000 | 47,553 | ||||||
NCL Corp. Ltd., 5.88%, 03/15/2026(b)(c) | 161,000 | 152,493 | ||||||
Vail Resorts, Inc., 6.25%, 05/15/2025(b) | 70,000 | 70,251 | ||||||
|
| |||||||
406,808 | ||||||||
|
| |||||||
Leisure Products-0.32% | ||||||||
Vista Outdoor, Inc., 4.50%, 03/15/2029(b) | 142,000 | 120,911 | ||||||
|
| |||||||
Marine Transportation-0.17% | ||||||||
Seaspan Corp. (Hong Kong), 5.50%, 08/01/2029(b) | 81,000 | 66,126 | ||||||
|
| |||||||
Metal, Glass & Plastic Containers-1.38% |
| |||||||
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc. | ||||||||
5.25%, 04/30/2025(b) | 200,000 | 196,129 | ||||||
4.13%, 08/15/2026(b) | 200,000 | 187,532 | ||||||
Ball Corp., 4.88%, 03/15/2026 | 73,000 | 71,443 | ||||||
Intelligent Packaging Ltd. Finco, Inc./Intelligent Packaging Ltd. Co-Issuer LLC (Canada), 6.00%, 09/15/2028(b) | 49,000 | 43,484 | ||||||
Mauser Packaging Solutions Holding Co., 9.25%, 04/15/2027(b) | 28,000 | 26,053 | ||||||
|
| |||||||
524,641 | ||||||||
|
| |||||||
Mortgage REITs-0.21% |
| |||||||
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., 5.25%, 10/01/2025(b) | 82,000 | 78,682 | ||||||
|
| |||||||
Movies & Entertainment-0.86% |
| |||||||
Banijay Entertainment S.A.S.U. (France), 5.38%, 03/01/2025(b) | 200,000 | 195,681 | ||||||
Cinemark USA, Inc., 8.75%, 05/01/2025(b) | 87,000 | 87,950 | ||||||
Lions Gate Capital Holdings LLC, 5.50%, 04/15/2029(b) | 60,000 | 41,118 | ||||||
|
| |||||||
324,749 | ||||||||
|
| |||||||
Multi-Utilities-0.43% | ||||||||
Algonquin Power & Utilities Corp. (Canada), 4.75%, 01/18/2082(e) | 204,000 | 164,801 | ||||||
|
|
Principal Amount | Value | |||||||
Office REITs-0.52% | ||||||||
Office Properties Income Trust | ||||||||
4.50%, 02/01/2025 | $ | 124,000 | $ | 109,406 | ||||
2.65%, 06/15/2026 | 57,000 | 42,443 | ||||||
2.40%, 02/01/2027 | 67,000 | 45,425 | ||||||
|
| |||||||
197,274 | ||||||||
|
| |||||||
Office Services & Supplies-1.22% | ||||||||
ACCO Brands Corp., 4.25%, 03/15/2029(b) | 171,000 | 146,075 | ||||||
Interface, Inc., 5.50%, 12/01/2028(b) | 180,000 | 151,188 | ||||||
Pitney Bowes, Inc. | ||||||||
6.88%, 03/15/2027(b)(c) | 153,000 | 115,765 | ||||||
7.25%, 03/15/2029(b) | 75,000 | 51,000 | ||||||
|
| |||||||
464,028 | ||||||||
|
| |||||||
Oil & Gas Drilling-1.18% | ||||||||
Harvest Midstream I L.P., 7.50%, 09/01/2028(b) | 84,000 | 82,630 | ||||||
Nabors Industries, Inc., 7.38%, 05/15/2027(b) | 45,000 | 44,054 | ||||||
Rockies Express Pipeline LLC | ||||||||
3.60%, 05/15/2025(b) | 118,000 | 112,502 | ||||||
7.50%, 07/15/2038(b) | 62,000 | 57,386 | ||||||
6.88%, 04/15/2040(b) | 104,000 | 94,214 | ||||||
Valaris Ltd., 8.38%, 04/30/2030(b) | 56,000 | 57,350 | ||||||
|
| |||||||
448,136 | ||||||||
|
| |||||||
Oil & Gas Equipment & Services-0.47% |
| |||||||
Oceaneering International, Inc., 4.65%, 11/15/2024 | 92,000 | 89,350 | ||||||
USA Compression Partners L.P./USA Compression Finance Corp., 6.88%, 04/01/2026 | 90,000 | 89,274 | ||||||
|
| |||||||
178,624 | ||||||||
|
| |||||||
Oil & Gas Exploration & Production-5.43% |
| |||||||
Baytex Energy Corp. (Canada) | ||||||||
8.75%, 04/01/2027(b) | 63,000 | 64,620 | ||||||
8.50%, 04/30/2030(b) | 68,000 | 68,968 | ||||||
Civitas Resources, Inc., 8.75%, 07/01/2031(b) | 68,000 | 70,465 | ||||||
CNX Resources Corp., 7.38%, 01/15/2031(b) | 47,000 | 46,645 | ||||||
Comstock Resources, Inc. | ||||||||
6.75%, 03/01/2029(b) | 122,000 | 113,928 | ||||||
5.88%, 01/15/2030(b) | 141,000 | 124,939 | ||||||
Crescent Energy Finance LLC | ||||||||
7.25%, 05/01/2026(b) | 155,000 | 152,899 | ||||||
9.25%, 02/15/2028(b) | 160,000 | 162,896 | ||||||
CrownRock L.P./CrownRock Finance, Inc., 5.63%, 10/15/2025(b) | 63,000 | 62,112 | ||||||
Encino Acquisition Partners Holdings LLC, 8.50%, 05/01/2028(b) | 63,000 | 57,861 | ||||||
Hilcorp Energy I L.P./Hilcorp Finance Co. | ||||||||
6.25%, 11/01/2028(b) | 185,000 | 177,261 | ||||||
5.75%, 02/01/2029(b) | 55,000 | 50,925 | ||||||
6.00%, 04/15/2030(b) | 75,000 | 69,392 | ||||||
6.00%, 02/01/2031(b) | 58,000 | 52,742 | ||||||
Moss Creek Resources Holdings, Inc. | ||||||||
7.50%, 01/15/2026(b) | 57,000 | 53,304 | ||||||
10.50%, 05/15/2027(b) | 46,000 | 45,034 | ||||||
Murphy Oil Corp., 5.88%, 12/01/2042 | 90,000 | 76,973 | ||||||
PDC Energy, Inc., 6.13%, 09/15/2024 | 77,000 | 76,909 | ||||||
Southwestern Energy Co., 5.70%, 01/23/2025 | 88,000 | 87,527 | ||||||
Strathcona Resources Ltd. (Canada), 6.88%, 08/01/2026(b) | 39,000 | 34,288 |
See accompanying notes which are an integral part of this schedule.
Invesco High Yield Bond Factor ETF (IHYF)–(continued)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
Oil & Gas Exploration & Production-(continued) |
| |||||||
Venture Global LNG, Inc., 8.38%, 06/01/2031(b) | $ | 146,000 | $ | 148,282 | ||||
Vital Energy, Inc., 10.13%, 01/15/2028 | 100,000 | 100,008 | ||||||
WPX Energy, Inc., 5.25%, 09/15/2024 | 161,000 | 160,748 | ||||||
|
| |||||||
2,058,726 | ||||||||
|
| |||||||
Oil & Gas Refining & Marketing-1.45% | ||||||||
CVR Energy, Inc., 5.25%, 02/15/2025(b) | 105,000 | 102,074 | ||||||
EnLink Midstream Partners L.P. | ||||||||
4.15%, 06/01/2025 | 28,000 | 26,978 | ||||||
4.85%, 07/15/2026 | 118,000 | 114,781 | ||||||
NuStar Logistics L.P. | ||||||||
6.00%, 06/01/2026 | 70,000 | 68,954 | ||||||
5.63%, 04/28/2027 | 65,000 | 63,130 | ||||||
Parkland Corp. (Canada) | ||||||||
4.50%, 10/01/2029(b) | 51,000 | 45,052 | ||||||
4.63%, 05/01/2030(b) | 109,000 | 95,760 | ||||||
PBF Holding Co. LLC/PBF Finance Corp., 6.00%, 02/15/2028 | 36,000 | 34,028 | ||||||
|
| |||||||
550,757 | ||||||||
|
| |||||||
Oil & Gas Storage & Transportation-3.82% | ||||||||
Blue Racer Midstream LLC/Blue Racer Finance Corp., 7.63%, 12/15/2025(b) | 54,000 | 54,204 | ||||||
Buckeye Partners L.P. | ||||||||
4.13%, 03/01/2025(b) | 110,000 | 105,978 | ||||||
3.95%, 12/01/2026 | 71,000 | 65,211 | ||||||
Crestwood Midstream Partners L.P./Crestwood Midstream Finance Corp., 5.63%, 05/01/2027(b) | 71,000 | 67,515 | ||||||
EQM Midstream Partners L.P. | ||||||||
4.00%, 08/01/2024 | 118,000 | 115,591 | ||||||
7.50%, 06/01/2027(b) | 63,000 | 63,995 | ||||||
5.50%, 07/15/2028 | 62,000 | 59,716 | ||||||
7.50%, 06/01/2030(b) | 37,000 | 38,188 | ||||||
4.75%, 01/15/2031(b) | 77,000 | 68,815 | ||||||
ITT Holdings LLC, 6.50%, 08/01/2029(b) | 92,000 | 78,798 | ||||||
New Fortress Energy, Inc. | ||||||||
6.75%, 09/15/2025(b) | 132,000 | 125,860 | ||||||
6.50%, 09/30/2026(b) | 171,000 | 157,117 | ||||||
Northriver Midstream Finance L.P. (Canada), 5.63%, 02/15/2026(b) | 73,000 | 69,832 | ||||||
Summit Midstream Holdings LLC/Summit Midstream Finance Corp., 9.00%, 10/15/2026(b)(f) | 159,000 | 156,404 | ||||||
Tallgrass Energy Partners L.P./Tallgrass Energy Finance Corp. | ||||||||
6.00%, 03/01/2027(b) | 51,000 | 48,377 | ||||||
5.50%, 01/15/2028(b) | 55,000 | 50,653 | ||||||
6.00%, 12/31/2030(b) | 138,000 | 122,621 | ||||||
|
| |||||||
1,448,875 | ||||||||
|
| |||||||
Other Specialized REITs-0.45% | ||||||||
Iron Mountain, Inc. | ||||||||
5.25%, 07/15/2030(b) | 80,000 | 72,392 | ||||||
4.50%, 02/15/2031(b) | 72,000 | 62,143 | ||||||
5.63%, 07/15/2032(b) | 39,000 | 35,171 | ||||||
|
| |||||||
169,706 | ||||||||
|
| |||||||
Other Specialty Retail-1.09% | ||||||||
Bath & Body Works, Inc. | ||||||||
9.38%, 07/01/2025(b) | 66,000 | 69,726 | ||||||
6.88%, 11/01/2035 | 106,000 | 98,472 |
Principal Amount | Value | |||||||
Other Specialty Retail-(continued) | ||||||||
LSF9 Atlantis Holdings LLC/Victra Finance Corp., 7.75%, 02/15/2026(b) | $ | 111,000 | $ | 104,195 | ||||
Staples, Inc., 7.50%, 04/15/2026(b) | 170,000 | 140,660 | ||||||
|
| |||||||
413,053 | ||||||||
|
| |||||||
Packaged Foods & Meats-0.65% |
| |||||||
Aramark Services, Inc., 6.38%, 05/01/2025(b) | 221,000 | 221,204 | ||||||
TreeHouse Foods, Inc., 4.00%, 09/01/2028 | 28,000 | 24,476 | ||||||
|
| |||||||
245,680 | ||||||||
|
| |||||||
Paper & Plastic Packaging Products & Materials-0.59% |
| |||||||
Berry Global, Inc., 4.50%, 02/15/2026(b) | 82,000 | 78,276 | ||||||
Crown Americas LLC/Crown Americas Capital Corp. VI, 4.75%, 02/01/2026 | 43,000 | 41,607 | ||||||
Sealed Air Corp., 6.88%, 07/15/2033(b) | 101,000 | 105,711 | ||||||
|
| |||||||
225,594 | ||||||||
|
| |||||||
Paper Products-0.45% | ||||||||
Domtar Corp., 6.75%, 10/01/2028(b) | 116,000 | 101,431 | ||||||
Glatfelter Corp., 4.75%, 11/15/2029(b) | 101,000 | 69,959 | ||||||
|
| |||||||
171,390 | ||||||||
|
| |||||||
Passenger Airlines-2.15% | ||||||||
Air Canada (Canada), 3.88%, 08/15/2026(b) | 58,000 | 53,876 | ||||||
Allegiant Travel Co., 7.25%, 08/15/2027(b) | 135,000 | 133,336 | ||||||
American Airlines Pass-Through Trust | ||||||||
Series 16-1, Class A, 4.10%, 01/15/2028 | 24,674 | 22,462 | ||||||
Series 2014-1, Class A, 3.70%, 04/01/2028 | 11,034 | 10,119 | ||||||
American Airlines, Inc., 11.75%, 07/15/2025(b) | 127,000 | 140,087 | ||||||
American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.50%, 04/20/2026(b) | 128,333 | 126,535 | ||||||
Delta Air Lines, Inc., 7.38%, 01/15/2026 | 138,000 | 143,385 | ||||||
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd., 5.75%, 01/20/2026(b) | 102,000 | 96,374 | ||||||
United Airlines, Inc., 4.38%, 04/15/2026(b) | 94,000 | 89,099 | ||||||
|
| |||||||
815,273 | ||||||||
|
| |||||||
Personal Care Products-0.49% | ||||||||
Coty, Inc., 5.00%, 04/15/2026(b) | 44,000 | 42,498 | ||||||
Herbalife Nutrition Ltd./HLF Financing, Inc., 7.88%, 09/01/2025(b) | 150,000 | 142,681 | ||||||
|
| |||||||
185,179 | ||||||||
|
| |||||||
Pharmaceuticals-2.09% | ||||||||
1375209 BC Ltd. (Canada), 9.00%, 01/30/2028(b) | 79,000 | 79,274 | ||||||
AdaptHealth LLC, 4.63%, 08/01/2029(b) | 173,000 | 141,971 | ||||||
Bausch Health Cos., Inc. | ||||||||
5.50%, 11/01/2025(b) | 137,000 | 123,485 | ||||||
6.13%, 02/01/2027(b) | 35,000 | 23,021 | ||||||
4.88%, 06/01/2028(b) | 127,000 | 77,167 | ||||||
Elanco Animal Health, Inc., 6.65%, 08/28/2028 | 61,000 | 60,346 | ||||||
Endo DAC/Endo Finance LLC/Endo Finco, Inc., 6.00%, 06/30/2028(b)(g)(h) | 36,000 | 1,980 | ||||||
HLF Financing S.a.r.l. LLC/Herbalife International, Inc., 4.88%, 06/01/2029(b) | 99,000 | 75,359 |
See accompanying notes which are an integral part of this schedule.
Invesco High Yield Bond Factor ETF (IHYF)–(continued)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
Pharmaceuticals-(continued) | ||||||||
Organon & Co./Organon Foreign Debt Co-Issuer B.V., 4.13%, 04/30/2028(b) | $ | 200,000 | $ | 179,437 | ||||
P&L Development LLC/PLD Finance Corp., 7.75%, 11/15/2025(b) | 34,000 | 29,380 | ||||||
|
| |||||||
791,420 | ||||||||
|
| |||||||
Publishing-0.12% | ||||||||
Gannett Holdings LLC, 6.00%, 11/01/2026(b) | 52,000 | 44,818 | ||||||
|
| |||||||
Real Estate Services-0.32% | ||||||||
Realogy Group LLC/Realogy Co-Issuer Corp. | ||||||||
5.75%, 01/15/2029(b) | 85,000 | 62,987 | ||||||
5.25%, 04/15/2030(b) | 80,000 | 57,738 | ||||||
|
| |||||||
120,725 | ||||||||
|
| |||||||
Reinsurance-0.74% | ||||||||
Enstar Finance LLC | ||||||||
5.75%, 09/01/2040(e) | 65,000 | 56,920 | ||||||
5.50%, 01/15/2042(e) | 136,000 | 105,863 | ||||||
Global Atlantic Fin Co., 4.70%, 10/15/2051(b)(e) | 165,000 | 119,065 | ||||||
|
| |||||||
281,848 | ||||||||
|
| |||||||
Renewable Electricity-0.27% | ||||||||
Sunnova Energy Corp., 5.88%, 09/01/2026(b) | 115,000 | 103,372 | ||||||
|
| |||||||
Research & Consulting Services-0.17% | ||||||||
CoreLogic, Inc., 4.50%, 05/01/2028(b) | 79,000 | 65,072 | ||||||
|
| |||||||
Restaurants-0.14% | ||||||||
Sizzling Platter LLC/Sizzling Platter Finance Corp., 8.50%, 11/28/2025(b) | 52,000 | 51,282 | ||||||
Retail REITs-0.76% | ||||||||
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC | ||||||||
5.75%, 05/15/2026(b) | 136,000 | 127,726 | ||||||
4.50%, 04/01/2027, (Acquired 08/24/2022; Cost $75,656)(b)(i) | 83,000 | 71,901 | ||||||
Necessity Retail REIT, Inc. (The)/American Finance Operating Partner L.P., 4.50%, 09/30/2028(b) | 116,000 | 90,032 | ||||||
|
| |||||||
289,659 | ||||||||
|
| |||||||
Security & Alarm Services-0.36% | ||||||||
CoreCivic, Inc., 4.75%, 10/15/2027 | 153,000 | 134,990 | ||||||
|
| |||||||
Specialized Consumer Services-0.47% | ||||||||
Sotheby’s, 7.38%, 10/15/2027(b) | 200,000 | 177,419 | ||||||
|
| |||||||
Specialty Chemicals-0.87% | ||||||||
Avient Corp., 5.75%, 05/15/2025(b) | 149,000 | 147,062 | ||||||
Rayonier A.M. Products, Inc., 7.63%, 01/15/2026(b) | 121,000 | 108,083 | ||||||
WR Grace Holdings LLC, 5.63%, 08/15/2029(b) | 90,000 | 76,050 | ||||||
|
| |||||||
331,195 | ||||||||
|
| |||||||
Steel-0.77% | ||||||||
Cleveland-Cliffs, Inc., 6.75%, 03/15/2026(b) | 106,000 | 106,741 | ||||||
Infrabuild Australia Pty. Ltd. (Australia), 12.00%, 10/01/2024(b) | 102,000 | 99,253 | ||||||
SunCoke Energy, Inc., 4.88%, 06/30/2029(b) | 100,000 | 86,218 | ||||||
|
| |||||||
292,212 | ||||||||
|
|
Principal Amount | Value | |||||||
Systems Software-1.01% | ||||||||
Gen Digital, Inc. | ||||||||
5.00%, 04/15/2025(b) | $ | 53,000 | $ | 52,292 | ||||
6.75%, 09/30/2027(b) | 132,000 | 132,580 | ||||||
McAfee Corp., 7.38%, 02/15/2030(b) | 69,000 | 59,699 | ||||||
Veritas US, Inc./Veritas Bermuda Ltd., 7.50%, 09/01/2025(b) | 171,000 | 140,413 | ||||||
|
| |||||||
384,984 | ||||||||
|
| |||||||
Technology Hardware, Storage & Peripherals-1.33% |
| |||||||
Seagate HDD Cayman | ||||||||
4.88%, 06/01/2027 | 65,000 | 62,693 | ||||||
4.09%, 06/01/2029 | 100,000 | 87,968 | ||||||
4.13%, 01/15/2031 | 32,000 | 26,400 | ||||||
9.63%, 12/01/2032(b) | 123,000 | 136,288 | ||||||
Xerox Corp., 6.75%, 12/15/2039 | 78,000 | 60,214 | ||||||
Xerox Holdings Corp. | ||||||||
5.00%, 08/15/2025(b)(c) | 57,000 | 54,743 | ||||||
5.50%, 08/15/2028(b) | 85,000 | 74,670 | ||||||
|
| |||||||
502,976 | ||||||||
|
| |||||||
Telecom Tower REITs-0.54% |
| |||||||
SBA Communications Corp., 3.88%, 02/15/2027 | 222,000 | 204,722 | ||||||
|
| |||||||
Tires & Rubber-0.26% |
| |||||||
Goodyear Tire & Rubber Co. (The) | ||||||||
5.00%, 05/31/2026 | 48,000 | 46,676 | ||||||
5.00%, 07/15/2029 | 58,000 | 53,546 | ||||||
|
| |||||||
100,222 | ||||||||
|
| |||||||
Tobacco-0.24% | ||||||||
Vector Group Ltd., 5.75%, 02/01/2029(b) | 106,000 | 92,217 | ||||||
|
| |||||||
Trading Companies & Distributors-0.40% |
| |||||||
BlueLinx Holdings, Inc., 6.00%, 11/15/2029(b) | 85,000 | 76,581 | ||||||
Fortress Transportation and Infrastructure Investors LLC, 6.50%, 10/01/2025(b) | 74,000 | 73,370 | ||||||
|
| |||||||
149,951 | ||||||||
|
| |||||||
Transaction & Payment Processing Services-0.10% |
| |||||||
Block, Inc., 2.75%, 06/01/2026 | 43,000 | 39,186 | ||||||
|
| |||||||
Total U.S. Dollar Denominated Bonds & Notes | 36,805,453 | |||||||
|
| |||||||
U.S. Treasury Securities-0.24% |
| |||||||
U.S. Treasury Bills-0.24% | ||||||||
4.79%, 04/18/2024(j)(k) | 95,000 | 91,480 | ||||||
|
| |||||||
Shares | ||||||||
Money Market Funds-0.67% | ||||||||
Invesco Government & Agency Portfolio, Institutional Class, 5.18%(l)(m) | 253,780 | 253,780 | ||||||
|
| |||||||
TOTAL INVESTMENTS IN SECURITIES |
| 37,150,713 | ||||||
|
|
See accompanying notes which are an integral part of this schedule.
Invesco High Yield Bond Factor ETF (IHYF)–(continued)
July 31, 2023
(Unaudited)
Shares | Value | |||||||
Investments Purchased with Cash Collateral from Securities on Loan |
| |||||||
Money Market Funds-4.83% | ||||||||
Invesco Private Government Fund, | 513,033 | $ | 513,033 | |||||
Invesco Private Prime Fund, 5.38%(l)(m)(n) | 1,319,227 | 1,319,227 | ||||||
|
| |||||||
Total Investments Purchased with Cash Collateral from Securities on Loan |
| 1,832,260 | ||||||
|
| |||||||
TOTAL INVESTMENTS IN SECURITIES-102.75% |
| 38,982,973 | ||||||
OTHER ASSETS LESS LIABILITIES-(2.75)% |
| (1,045,057 | ) | |||||
|
| |||||||
NET ASSETS-100.00% | $ | 37,937,916 | ||||||
|
|
Investment Abbreviations:
PIK | -Pay-in-Kind |
REIT | -Real Estate Investment Trust |
Notes to Schedule of Investments:
(a) | Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s. |
(b) | 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, 2023 was $27,544,026, which represented 72.60% of the Fund’s Net Assets. |
(c) | All or a portion of this security was out on loan at July 31, 2023. |
(d) | All or a portion of this security is Pay-in-Kind. Pay-in-Kind securities pay interest income in the form of securities. |
(e) | Security issued at a fixed rate for a specific period of time, after which it will convert to a variable rate. |
(f) | Step coupon bond. The interest rate represents the coupon rate at which the bond will accrue at a specified future date. |
(g) | The borrower has filed for protection in federal bankruptcy court. |
(h) | Defaulted security. Currently, the issuer is in default with respect to principal and/or interest payments. The value of this security at July 31, 2023 represented less than 1% of the Fund’s Net Assets. |
(i) | Restricted security. The value of this security at July 31, 2023 represented less than 1% of the Fund’s Net Assets. |
(j) | $91,480 was pledged as collateral to cover margin requirements for open futures contracts. |
(k) | Security traded on a discount basis. The interest rate shown represents the discount rate at the time of purchase by the Fund. |
(l) | 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, 2023. |
Value October 31, 2022 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation | Realized Gain (Loss) | Value July 31, 2023 | Dividend Income | |||||||||||||||||||||||||||||
Investments in Affiliated Money Market Funds: | |||||||||||||||||||||||||||||||||||
Invesco Government & Agency Portfolio, Institutional Class | $ | 302,214 | $ | 5,589,467 | $ | (5,637,901 | ) | $ | - | $ | - | $ | 253,780 | $ | 9,137 | ||||||||||||||||||||
Investments Purchased with Cash Collateral from Securities on Loan: | |||||||||||||||||||||||||||||||||||
Invesco Private Government Fund | 745,329 | 4,479,320 | (4,711,616 | ) | - | - | 513,033 | 21,068 | * | ||||||||||||||||||||||||||
Invesco Private Prime Fund | 1,916,067 | 8,882,536 | (9,479,452 | ) | 102 | (26 | ) | 1,319,227 | 56,866 | * | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||||||||||
Total | $ | 2,963,610 | $ | 18,951,323 | $ | (19,828,969 | ) | $ | 102 | $ | (26 | ) | $ | 2,086,040 | $ | 87,071 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* | Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from borrowers, if any. |
(m) | The rate shown is the 7-day SEC standardized yield as of July 31, 2023. |
(n) | 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. |
See accompanying notes which are an integral part of this schedule.
Invesco High Yield Bond Factor ETF (IHYF)–(continued)
July 31, 2023
(Unaudited)
Open Futures Contracts | ||||||||||||||||||||||||||||
Long Futures Contracts | Number of Contracts | Expiration Month | Notional Value | Value | Unrealized Appreciation (Depreciation) | |||||||||||||||||||||||
Interest Rate Risk | ||||||||||||||||||||||||||||
U.S. Treasury 5 Year Notes | 19 | September-2023 | $ | 2,029,586 | $ | (36,814 | ) | $ | (36,814 | ) | ||||||||||||||||||
U.S. Treasury 10 Year Ultra Notes | 3 | September-2023 | 350,953 | (6,709 | ) | (6,709 | ) | |||||||||||||||||||||
U.S. Treasury 10 Year Notes | 15 | September-2023 | 1,671,094 | (40,548 | ) | (40,548 | ) | |||||||||||||||||||||
U.S. Treasury Ultra Bonds | 1 | September-2023 | 132,219 | (2,190 | ) | (2,190 | ) | |||||||||||||||||||||
|
|
|
| |||||||||||||||||||||||||
Subtotal–Long Futures Contracts | (86,261 | ) | (86,261 | ) | ||||||||||||||||||||||||
|
|
|
| |||||||||||||||||||||||||
Short Futures Contracts | ||||||||||||||||||||||||||||
Interest Rate Risk | ||||||||||||||||||||||||||||
U.S. Treasury 2 Year Notes | 13 | September-2023 | (2,639,406 | ) | 39,677 | 39,677 | ||||||||||||||||||||||
|
|
|
| |||||||||||||||||||||||||
Total Futures Contracts | $ | (46,584 | ) | $ | (46,584 | ) | ||||||||||||||||||||||
|
|
|
|
Open Centrally Cleared Credit Default Swap Agreements(a) | |||||||||||||||||||||||||||||||||||||||||
Reference Entity | Buy/Sell Protection | (Pay)/ Receive Fixed Rate | Payment Frequency | Maturity Date | Implied Credit Spread(b) | Notional | Upfront Payments Paid (Received) | Value | Unrealized Appreciation | ||||||||||||||||||||||||||||||||
Credit Risk | |||||||||||||||||||||||||||||||||||||||||
Markit CDX North America High Yield Index, Series 39, Version 2 | Sell | 5.00% | Quarterly | 12/20/2027 | 3.928% | USD 423,720 | $ | 1,483 | $ | 16,184 | $ | 14,701 | |||||||||||||||||||||||||||||
|
|
|
|
|
|
(a) | Centrally cleared swap agreements collateralized by $83,566 cash held with the broker. |
(b) | Implied credit spreads represent the current level, as of July 31, 2023, at which protection could be bought or sold given the terms of the existing credit default swap agreement and serve as an indicator of the current status of the payment/performance risk of the credit default swap agreement. An implied credit spread that has widened or increased since entry into the initial agreement may indicate a deteriorating credit profile and increased risk of default for the reference entity. A declining or narrowing spread may indicate an improving credit profile or decreased risk of default for the reference entity. Alternatively, credit spreads may increase or decrease reflecting the general tolerance for risk in the credit markets generally. |
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 High Yield Select ETF (HIYS)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
U.S. Dollar Denominated Bonds & Notes-90.43% |
| |||||||
Advertising-0.98% | ||||||||
Clear Channel Outdoor Holdings, Inc., 5.13%, 08/15/2027(b)(c) | $ 55,000 | $ | 50,558 | |||||
Lamar Media Corp., 3.63%, 01/15/2031 | 57,000 | 47,768 | ||||||
|
| |||||||
98,326 | ||||||||
|
| |||||||
Aerospace & Defense-0.97% | ||||||||
TransDigm, Inc. | ||||||||
6.25%, 03/15/2026(b) | 47,000 | 46,789 | ||||||
6.75%, 08/15/2028(b) | 50,000 | 50,212 | ||||||
|
| |||||||
97,001 | ||||||||
|
| |||||||
Aluminum-0.98% | ||||||||
Novelis Corp., 3.25%, 11/15/2026(b) | 108,000 | 98,277 | ||||||
|
| |||||||
Apparel Retail-0.76% | ||||||||
Gap, Inc. (The), 3.63%, 10/01/2029(b) | 67,000 | 50,049 | ||||||
Victoria’s Secret & Co., 4.63%, 07/15/2029(b) | 34,000 | 25,552 | ||||||
|
| |||||||
75,601 | ||||||||
|
| |||||||
Application Software-0.50% | ||||||||
SS&C Technologies, Inc., 5.50%, 09/30/2027(b) | 52,000 | 50,283 | ||||||
|
| |||||||
Asset Management & Custody Banks-0.21% |
| |||||||
Bank of New York Mellon Corp. (The), Series I, 3.75%(d)(e) | 25,000 | 20,747 | ||||||
|
| |||||||
Automobile Manufacturers-2.41% | ||||||||
Allison Transmission, Inc. | ||||||||
4.75%, 10/01/2027(b) | 5,000 | 4,730 | ||||||
3.75%, 01/30/2031(b) | 172,000 | 145,560 | ||||||
Ford Motor Co. | ||||||||
3.25%, 02/12/2032 | 84,000 | 66,489 | ||||||
4.75%, 01/15/2043 | 31,000 | 24,282 | ||||||
|
| |||||||
241,061 | ||||||||
|
| |||||||
Automotive Parts & Equipment-1.50% |
| |||||||
Clarios Global L.P., 6.75%, 05/15/2025(b) | 100,000 | 100,326 | ||||||
NESCO Holdings II, Inc., 5.50%, 04/15/2029(b) | 54,000 | 49,167 | ||||||
|
| |||||||
149,493 | ||||||||
|
| |||||||
Automotive Retail-2.97% | ||||||||
Group 1 Automotive, Inc., 4.00%, 08/15/2028(b) | 112,000 | 99,293 | ||||||
LCM Investments Holdings II LLC | ||||||||
4.88%, 05/01/2029(b) | 109,000 | 95,200 | ||||||
8.25%, 08/01/2031(b)(c) | 26,000 | 26,435 | ||||||
Lithia Motors, Inc. | ||||||||
4.63%, 12/15/2027(b) | 31,000 | 28,724 | ||||||
3.88%, 06/01/2029(b) | 54,000 | 46,557 | ||||||
|
| |||||||
296,209 | ||||||||
|
| |||||||
Cable & Satellite-4.41% | ||||||||
CCO Holdings LLC/CCO Holdings Capital Corp. | ||||||||
5.50%, 05/01/2026(b) | 84,000 | 82,085 | ||||||
5.13%, 05/01/2027(b) | 118,000 | 110,815 | ||||||
4.75%, 03/01/2030(b) | 29,000 | 25,162 | ||||||
CSC Holdings LLC, 4.50%, 11/15/2031(b) | 203,000 | 145,838 | ||||||
DISH Network Corp., 11.75%, 11/15/2027(b) | 52,000 | 52,415 | ||||||
Sirius XM Radio, Inc., 3.88%, 09/01/2031(b) | 31,000 | 24,300 | ||||||
|
| |||||||
440,615 | ||||||||
|
|
Principal Amount | Value | |||||||
Casinos & Gaming-3.99% | ||||||||
CCM Merger, Inc., 6.38%, 05/01/2026(b) | $ 75,000 | $ | 73,136 | |||||
Melco Resorts Finance Ltd. (Hong Kong), 5.38%, 12/04/2029(b) | 200,000 | 170,998 | ||||||
Studio City Finance Ltd. (Macau), 5.00%, 01/15/2029(b) | 200,000 | 154,289 | ||||||
|
| |||||||
398,423 | ||||||||
|
| |||||||
Commodity Chemicals-1.43% | ||||||||
Mativ Holdings, Inc., 6.88%, 10/01/2026(b) | 164,000 | 143,006 | ||||||
|
| |||||||
Construction & Engineering-0.99% |
| |||||||
Howard Midstream Energy Partners LLC | ||||||||
6.75%, 01/15/2027(b) | 63,000 | 60,829 | ||||||
8.88%, 07/15/2028(b) | 37,000 | 37,869 | ||||||
|
| |||||||
98,698 | ||||||||
|
| |||||||
Consumer Finance-2.09% | ||||||||
FirstCash, Inc., 5.63%, 01/01/2030(b) | 80,000 | 73,912 | ||||||
Navient Corp., 6.13%, 03/25/2024 | 50,000 | 49,860 | ||||||
OneMain Finance Corp., 6.13%, 03/15/2024 | 85,000 | 84,857 | ||||||
|
| |||||||
208,629 | ||||||||
|
| |||||||
Diversified Banks-0.60% | ||||||||
Citigroup, Inc. | ||||||||
3.88%(d)(e) | 12,000 | 10,475 | ||||||
7.38%(d)(e) | 10,000 | 10,200 | ||||||
JPMorgan Chase & Co., Series FF, | 20,000 | 19,568 | ||||||
PNC Financial Services Group, Inc. (The), Series W, 6.25%(d)(e) | 21,000 | 19,255 | ||||||
|
| |||||||
59,498 | ||||||||
|
| |||||||
Diversified Financial Services-3.22% |
| |||||||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland), 5.75%, 06/06/2028 | 150,000 | 149,559 | ||||||
Jane Street Group/JSG Finance, Inc., 4.50%, 11/15/2029(b) | 56,000 | 49,184 | ||||||
Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC, 4.00%, 10/15/2027(b) | 55,000 | 49,585 | ||||||
Scientific Games Holdings L.P./Scientific Games US FinCo, Inc., 6.63%, 03/01/2030(b) | 82,000 | 72,742 | ||||||
|
| |||||||
321,070 | ||||||||
|
| |||||||
Diversified Metals & Mining-1.05% | ||||||||
Hudbay Minerals, Inc. (Canada) | ||||||||
4.50%, 04/01/2026(b) | 22,000 | 20,890 | ||||||
6.13%, 04/01/2029(b) | 87,000 | 83,432 | ||||||
|
| |||||||
104,322 | ||||||||
|
| |||||||
Diversified Support Services-0.97% |
| |||||||
Ritchie Bros. Holdings, Inc. (Canada), 6.75%, 03/15/2028(b) | 96,000 | 97,320 | ||||||
|
| |||||||
Electric Utilities-2.42% | ||||||||
NRG Energy, Inc., 4.45%, 06/15/2029(b) | 50,000 | 44,510 | ||||||
Talen Energy Supply LLC, 8.63%, 06/01/2030(b) | 49,000 | 50,908 | ||||||
Vistra Operations Co. LLC | ||||||||
5.13%, 05/13/2025(b) | 102,000 | 99,677 | ||||||
4.38%, 05/01/2029(b) | 53,000 | 46,840 | ||||||
|
| |||||||
241,935 | ||||||||
|
|
See accompanying notes which are an integral part of this schedule.
Invesco High Yield Select ETF (HIYS)–(continued)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
Electrical Components & Equipment-0.70% |
| |||||||
EnerSys, 4.38%, 12/15/2027(b) | $ 53,000 | $ | 49,192 | |||||
Sensata Technologies B.V., 5.00%, 10/01/2025(b) | 21,000 | 20,491 | ||||||
|
| |||||||
69,683 | ||||||||
|
| |||||||
Electronic Components-0.53% | ||||||||
Sensata Technologies, Inc., 3.75%, 02/15/2031(b) | 62,000 | 52,423 | ||||||
|
| |||||||
Electronic Manufacturing Services-0.99% |
| |||||||
Emerald Debt Merger Sub LLC, 6.63%, 12/15/2030(b) | 99,000 | 98,505 | ||||||
|
| |||||||
Environmental & Facilities Services-0.48% |
| |||||||
GFL Environmental, Inc. (Canada), 4.38%, 08/15/2029(b) | 54,000 | 48,205 | ||||||
|
| |||||||
Food Distributors-0.49% | ||||||||
United Natural Foods, Inc., 6.75%, 10/15/2028(b) | 59,000 | 49,207 | ||||||
|
| |||||||
Gold-0.51% | ||||||||
New Gold, Inc. (Canada), 7.50%, 07/15/2027(b) | 53,000 | 50,723 | ||||||
|
| |||||||
Health Care Facilities-2.03% | ||||||||
Encompass Health Corp., 4.50%, 02/01/2028 | 56,000 | 52,073 | ||||||
Tenet Healthcare Corp., 4.88%, 01/01/2026 | 155,000 | 150,170 | ||||||
|
| |||||||
202,243 | ||||||||
|
| |||||||
Health Care REITs-1.85% | ||||||||
CTR Partnership L.P./CareTrust Capital Corp., 3.88%, 06/30/2028(b) | 56,000 | 49,833 | ||||||
Diversified Healthcare Trust, 4.38%, 03/01/2031 | 43,000 | 31,386 | ||||||
MPT Operating Partnership L.P./MPT Finance Corp., 3.50%, 03/15/2031 | 143,000 | 103,351 | ||||||
|
| |||||||
184,570 | ||||||||
|
| |||||||
Health Care Services-1.88% | ||||||||
Catalent Pharma Solutions, Inc., 3.50%, 04/01/2030(b)(c) | 11,000 | 9,222 | ||||||
Community Health Systems, Inc., 4.75%, 02/15/2031(b) | 100,000 | 75,879 | ||||||
DaVita, Inc., 3.75%, 02/15/2031(b) | 64,000 | 51,247 | ||||||
Select Medical Corp., 6.25%, 08/15/2026(b) | 52,000 | 51,604 | ||||||
|
| |||||||
187,952 | ||||||||
|
| |||||||
Health Care Supplies-0.76% | ||||||||
Medline Borrower L.P., 3.88%, 04/01/2029(b) | 87,000 | 76,262 | ||||||
|
| |||||||
Hotel & Resort REITs-1.99% | ||||||||
Service Properties Trust | ||||||||
7.50%, 09/15/2025 | 25,000 | 24,731 | ||||||
5.50%, 12/15/2027 | 189,000 | 166,078 | ||||||
4.38%, 02/15/2030 | 10,000 | 7,450 | ||||||
|
| |||||||
198,259 | ||||||||
|
| |||||||
Hotels, Resorts & Cruise Lines-1.85% | ||||||||
Carnival Corp. | ||||||||
4.00%, 08/01/2028(b) | 52,000 | 46,281 | ||||||
6.00%, 05/01/2029(b) | 29,000 | 26,094 | ||||||
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., 4.88%, 04/01/2027 | 7,000 | 6,770 |
Principal Amount | Value | |||||||
Hotels, Resorts & Cruise Lines-(continued) |
| |||||||
IRB Holding Corp., 7.00%, 06/15/2025(b) | $ 56,000 | $ | 56,330 | |||||
Royal Caribbean Cruises Ltd., 4.25%, 07/01/2026(b) | 53,000 | 49,311 | ||||||
|
| |||||||
184,786 | ||||||||
|
| |||||||
Household Products-0.50% | ||||||||
Prestige Brands, Inc., 3.75%, 04/01/2031(b) | 59,000 | 49,613 | ||||||
|
| |||||||
Independent Power Producers & Energy Traders-0.97% |
| |||||||
Clearway Energy Operating LLC, 4.75%, 03/15/2028(b) | 52,000 | 48,294 | ||||||
TransAlta Corp. (Canada), 7.75%, 11/15/2029 | 47,000 | 48,815 | ||||||
|
| |||||||
97,109 | ||||||||
|
| |||||||
Industrial Conglomerates-0.57% | ||||||||
Icahn Enterprises L.P./Icahn Enterprises Finance Corp., 4.38%, 02/01/2029 | 70,000 | 56,856 | ||||||
|
| |||||||
Industrial Machinery & Supplies & Components-1.22% |
| |||||||
EnPro Industries, Inc., 5.75%, 10/15/2026 | 75,000 | 73,198 | ||||||
Roller Bearing Co. of America, Inc., 4.38%, 10/15/2029(b) | 55,000 | 49,088 | ||||||
|
| |||||||
122,286 | ||||||||
|
| |||||||
Integrated Telecommunication Services-6.65% |
| |||||||
Altice France S.A. (France), 8.13%, 02/01/2027(b) | 200,000 | 163,839 | ||||||
Iliad Holding S.A.S. (France), 6.50%, 10/15/2026(b) | 200,000 | 191,852 | ||||||
Level 3 Financing, Inc. | ||||||||
3.40%, 03/01/2027(b) | 29,000 | 25,604 | ||||||
3.75%, 07/15/2029(b) | 84,000 | 55,157 | ||||||
10.50%, 05/15/2030(b) | 30,000 | 31,112 | ||||||
Telecom Italia S.p.A. (Italy), 5.30%, 05/30/2024(b) | 200,000 | 196,256 | ||||||
|
| |||||||
663,820 | ||||||||
|
| |||||||
Interactive Media & Services-1.06% |
| |||||||
Match Group Holdings II LLC, 4.63%, 06/01/2028(b) | 115,000 | 106,189 | ||||||
|
| |||||||
Investment Banking & Brokerage-0.50% |
| |||||||
Charles Schwab Corp. (The), Series G, | 51,000 | 49,991 | ||||||
|
| |||||||
IT Consulting & Other Services-0.50% |
| |||||||
Gartner, Inc., 3.75%, 10/01/2030(b) | 57,000 | 49,741 | ||||||
|
| |||||||
Leisure Facilities-3.31% | ||||||||
Carnival Holdings Bermuda Ltd., 10.38%, 05/01/2028(b) | 116,000 | 126,682 | ||||||
NCL Corp. Ltd., 5.88%, 02/15/2027(b) | 102,000 | 99,422 | ||||||
Viking Ocean Cruises Ship VII Ltd., 5.63%, 02/15/2029(b) | 84,000 | 78,215 | ||||||
VOC Escrow Ltd., 5.00%, 02/15/2028(b) | 28,000 | 26,042 | ||||||
|
| |||||||
330,361 | ||||||||
|
| |||||||
Life Sciences Tools & Services-0.15% |
| |||||||
Syneos Health, Inc., 3.63%, 01/15/2029(b) | 15,000 | 14,864 | ||||||
|
| |||||||
Metal, Glass & Plastic Containers-0.50% |
| |||||||
Ball Corp., 6.00%, 06/15/2029 | 50,000 | 50,062 | ||||||
|
| |||||||
Mortgage REITs-0.51% |
| |||||||
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., 4.75%, 06/15/2029(b) | 60,000 | 50,641 | ||||||
|
|
See accompanying notes which are an integral part of this schedule.
Invesco High Yield Select ETF (HIYS)–(continued)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
Oil & Gas Drilling-3.24% |
| |||||||
Delek Logistics Partners L.P./Delek Logistics Finance Corp., 7.13%, 06/01/2028(b) | $ 79,000 | $ | 73,167 | |||||
Rockies Express Pipeline LLC, 6.88%, 04/15/2040(b) | 171,000 | 154,909 | ||||||
Transocean, Inc., 8.75%, 02/15/2030(b) | 45,000 | 46,761 | ||||||
Valaris Ltd., 8.38%, 04/30/2030(b) | 47,000 | 48,133 | ||||||
|
| |||||||
322,970 | ||||||||
|
| |||||||
Oil & Gas Equipment & Services-0.49% |
| |||||||
Enerflex Ltd. (Canada), 9.00%, 10/15/2027(b) | 49,000 | 49,361 | ||||||
|
| |||||||
Oil & Gas Exploration & Production-7.43% |
| |||||||
Aethon United BR L.P./Aethon United Finance Corp., 8.25%, 02/15/2026(b) | 207,000 | 205,613 | ||||||
Baytex Energy Corp. (Canada), 8.50%, 04/30/2030(b) | 50,000 | 50,712 | ||||||
Callon Petroleum Co., 8.00%, 08/01/2028(b) | 49,000 | 49,728 | ||||||
Civitas Resources, Inc. | ||||||||
8.38%, 07/01/2028(b) | 51,000 | 52,520 | ||||||
8.75%, 07/01/2031(b) | 25,000 | 25,906 | ||||||
Hilcorp Energy I L.P./Hilcorp Finance Co. | ||||||||
6.00%, 04/15/2030(b) | 14,000 | 12,953 | ||||||
6.00%, 02/01/2031(b) | 64,000 | 58,198 | ||||||
Moss Creek Resources Holdings, Inc., 10.50%, 05/15/2027(b) | 30,000 | 29,370 | ||||||
SM Energy Co., 6.63%, 01/15/2027(c) | 51,000 | 50,207 | ||||||
Strathcona Resources Ltd. (Canada), 6.88%, 08/01/2026(b) | 62,000 | 54,509 | ||||||
Transocean Titan Financing Ltd., 8.38%, 02/01/2028(b) | 51,000 | 52,710 | ||||||
Venture Global LNG, Inc., 8.13%, 06/01/2028(b) | 49,000 | 49,849 | ||||||
Vital Energy, Inc., 9.50%, 01/15/2025(c) | 50,000 | 49,813 | ||||||
|
| |||||||
742,088 | ||||||||
|
| |||||||
Oil & Gas Refining & Marketing-0.52% |
| |||||||
Parkland Corp. (Canada), 4.50%, 10/01/2029(b) | 59,000 | 52,119 | ||||||
|
| |||||||
Oil & Gas Storage & Transportation-2.88% |
| |||||||
Crestwood Midstream Partners L.P./ Crestwood Midstream Finance Corp., 8.00%, 04/01/2029(b) | 86,000 | 87,519 | ||||||
Genesis Energy L.P./Genesis Energy Finance Corp., 7.75%, 02/01/2028 | 103,000 | 100,264 | ||||||
New Fortress Energy, Inc., 6.50%, 09/30/2026(b) | 54,000 | 49,616 | ||||||
Summit Midstream Holdings LLC/Summit Midstream Finance Corp., 9.00%, 10/15/2026(b)(f) | 51,000 | 50,168 | ||||||
|
| |||||||
287,567 | ||||||||
|
| |||||||
Passenger Airlines-1.15% | ||||||||
American Airlines, Inc./AAdvantage Loyalty IP Ltd. | ||||||||
5.50%, 04/20/2026(b) | 92,583 | 91,286 | ||||||
5.75%, 04/20/2029(b) | 24,000 | 23,258 | ||||||
|
| |||||||
114,544 | ||||||||
|
| |||||||
Pharmaceuticals-0.75% | ||||||||
Bausch Health Cos., Inc., 4.88%, 06/01/2028(b) | 124,000 | 75,344 | ||||||
|
|
Principal Amount | Value | |||||||
Research & Consulting Services-0.49% |
| |||||||
Dun & Bradstreet Corp. (The), 5.00%, 12/15/2029(b)(c) | $ 56,000 | $ | 49,342 | |||||
|
| |||||||
Restaurants-1.22% | ||||||||
1011778 BC ULC/New Red Finance, Inc. (Canada), 3.50%, 02/15/2029(b) | 55,000 | 48,382 | ||||||
Yum! Brands, Inc., 5.38%, 04/01/2032 | 77,000 | 72,960 | ||||||
|
| |||||||
121,342 | ||||||||
|
| |||||||
Retail REITs-0.94% | ||||||||
NMG Holding Co., Inc./Neiman Marcus Group LLC, 7.13%, 04/01/2026(b) | 100,000 | 93,579 | ||||||
|
| |||||||
Specialized Consumer Services-1.02% |
| |||||||
Carriage Services, Inc., 4.25%, 05/15/2029(b) | 117,000 | 101,464 | ||||||
|
| |||||||
Steel-0.98% | ||||||||
SunCoke Energy, Inc., 4.88%, 06/30/2029(b) | 114,000 | 98,288 | ||||||
|
| |||||||
Systems Software-2.76% | ||||||||
Black Knight InfoServ LLC, 3.63%, 09/01/2028(b) | 83,000 | 76,152 | ||||||
Camelot Finance S.A., 4.50%, 11/01/2026(b) | 159,000 | 150,110 | ||||||
Crowdstrike Holdings, Inc., 3.00%, 02/15/2029 | 57,000 | 49,262 | ||||||
|
| |||||||
275,524 | ||||||||
|
| |||||||
Telecom Tower REITs-1.11% | ||||||||
SBA Communications Corp. | ||||||||
3.88%, 02/15/2027 | 16,000 | 14,754 | ||||||
3.13%, 02/01/2029 | 114,000 | 96,216 | ||||||
|
| |||||||
110,970 | ||||||||
|
| |||||||
Trading Companies & Distributors-1.51% |
| |||||||
Fortress Transportation and Infrastructure Investors LLC, 5.50%, 05/01/2028(b) | 163,000 | 150,882 | ||||||
|
| |||||||
Wireless Telecommunication Services-0.99% |
| |||||||
Vodafone Group PLC (United Kingdom), 4.13%, 06/04/2081(d) | 124,000 | 98,712 | ||||||
|
| |||||||
Total U.S. Dollar Denominated Bonds & Notes |
| 9,028,961 | ||||||
|
| |||||||
Non-U.S. Dollar Denominated Bonds & Notes-6.84%(g) |
| |||||||
Airport Services-1.18% | ||||||||
Gatwick Airport Finance PLC (United Kingdom), 4.38%, 04/07/2026(b) | GBP100,000 | 117,638 | ||||||
|
| |||||||
Application Software-1.10% | ||||||||
Boxer Parent Co., Inc., 6.50%, 10/02/2025(b) | EUR100,000 | 109,764 | ||||||
|
| |||||||
Automobile Manufacturers-1.54% |
| |||||||
Ford Motor Credit Co. LLC, 4.87%, 08/03/2027 | EUR139,000 | 153,745 | ||||||
|
| |||||||
Casinos & Gaming-1.04% |
| |||||||
Allwyn International A.S. (Czech Republic), 3.88%, 02/15/2027(b) | EUR100,000 | 104,053 | ||||||
|
| |||||||
Passenger Airlines-1.05% |
| |||||||
Deutsche Lufthansa AG (Germany), 3.75%, 02/11/2028(b) | EUR100,000 | 104,690 | ||||||
|
|
See accompanying notes which are an integral part of this schedule.
Invesco High Yield Select ETF (HIYS)–(continued)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
Wireless Telecommunication Services-0.93% |
| |||||||
VMED O2 UK Financing I PLC (United Kingdom), 3.25%, 01/31/2031(b) | EUR100,000 | $ | 93,176 | |||||
|
| |||||||
Total Non-U.S. Dollar Denominated Bonds & Notes |
| 683,066 | ||||||
|
| |||||||
Shares | ||||||||
Preferred Stocks-0.10% |
| |||||||
Diversified Banks-0.10% | ||||||||
Bank of America Corp., Series Z, Pfd., 6.50%(c)(d) | 10,000 | 9,980 | ||||||
|
| |||||||
Money Market Funds-0.32% | ||||||||
Invesco Government & Agency Portfolio, Institutional Class, 5.18%(h)(i) | 32,237 | 32,237 | ||||||
|
| |||||||
TOTAL INVESTMENTS IN SECURITIES |
| 9,754,244 | ||||||
|
|
Shares | Value | |||||||
Investments Purchased with Cash Collateral from Securities on Loan |
| |||||||
Money Market Funds-2.97% | ||||||||
Invesco Private Government Fund, | 82,951 | $ | 82,951 | |||||
Invesco Private Prime Fund, 5.38%(h)(i)(j) | 213,302 | 213,302 | ||||||
|
| |||||||
Total Investments Purchased with Cash Collateral from Securities on Loan |
| 296,253 | ||||||
|
| |||||||
TOTAL INVESTMENTS IN SECURITIES-100.66% |
| 10,050,497 | ||||||
OTHER ASSETS LESS LIABILITIES-(0.66)% | (66,370 | ) | ||||||
|
| |||||||
NET ASSETS-100.00% | $ | 9,984,127 | ||||||
|
|
Investment Abbreviations:
EUR | -Euro |
GBP | -British Pound Sterling |
Pfd. | -Preferred |
REIT | -Real Estate Investment Trust |
Notes to Schedule of Investments:
(a) | Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s. |
(b) | 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, 2023 was $7,702,103, which represented 77.14% of the Fund’s Net Assets. |
(c) | All or a portion of this security was out on loan at July 31, 2023. |
(d) | Security issued at a fixed rate for a specific period of time, after which it will convert to a variable rate. |
(e) | Perpetual bond with no specified maturity date. |
(f) | Step coupon bond. The interest rate represents the coupon rate at which the bond will accrue at a specified future date. |
(g) | Foreign denominated security. Principal amount is denominated in the currency indicated. |
(h) | 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 period ended July 31, 2023. |
Value October 31, 2022 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation | Realized Gain (Loss) | Value July 31, 2023 | Dividend Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investments in Affiliated Money Market Funds: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Invesco Government & Agency Portfolio, Institutional Class | $ | - | $ | 3,424,731 | $ | (3,392,494 | ) | $ | - | $ | - | $ | 32,237 | $ | 4,849 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Investments Purchased with Cash Collateral from Securities on Loan: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Invesco Private Government Fund | - | 847,068 | (764,117 | ) | - | - | 82,951 | 1,082 | * | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Invesco Private Prime Fund | - | 1,128,016 | (914,680 | ) | 2 | (36 | ) | 213,302 | 2,761 | * | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | - | $ | 5,399,815 | $ | (5,071,291 | ) | $ | 2 | $ | (36 | ) | $ | 328,490 | $ | 8,692 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* | Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from borrowers, if any. |
(i) | The rate shown is the 7-day SEC standardized yield as of July 31, 2023. |
(j) | 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. |
See accompanying notes which are an integral part of this schedule.
Invesco High Yield Select ETF (HIYS)–(continued)
July 31, 2023
(Unaudited)
Open Forward Foreign Currency Contracts | ||||||||||||||||||||||||||||||||
Unrealized Appreciation (Depreciation) | ||||||||||||||||||||||||||||||||
Contract to | ||||||||||||||||||||||||||||||||
Settlement Date | Counterparty | Deliver | Receive | |||||||||||||||||||||||||||||
Currency Risk | ||||||||||||||||||||||||||||||||
8/17/2023 | Morgan Stanley Capital Services LLC | USD | 97,230 | EUR | 90,000 | $ | 2,091 | |||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||||
Subtotal–Appreciation | 2,091 | |||||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||||
Currency Risk | ||||||||||||||||||||||||||||||||
8/17/2023 | Canadian Imperial Bank of Commerce | EUR | 100,000 | USD | 107,362 | (2,994 | ) | |||||||||||||||||||||||||
8/17/2023 | Morgan Stanley Capital Services LLC | EUR | 470,000 | USD | 506,000 | (12,676 | ) | |||||||||||||||||||||||||
8/17/2023 | Morgan Stanley Capital Services LLC | GBP | 70,000 | USD | 86,881 | (3,193 | ) | |||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||||
Subtotal–Depreciation | (18,863 | ) | ||||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||||
Total Forward Foreign Currency Contracts |
| $ | (16,772 | ) | ||||||||||||||||||||||||||||
|
|
Abbreviations:
EUR-Euro
GBP-British Pound Sterling
USD-U.S. Dollar
The valuation policy and a listing of other significant accounting policies are available in the most recent Statement of Additional Information.
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, 2023
(Unaudited)
Shares | Value | |||||||
Common Stocks & Other Equity Interests-86.35% |
| |||||||
Communication Services-7.50% | ||||||||
Activision Blizzard, Inc.(b) | 2,779 | $ | 257,780 | |||||
Alphabet, Inc., Class A(b) | 23,083 | 3,063,576 | ||||||
Alphabet, Inc., Class C(b) | 19,855 | 2,642,899 | ||||||
AT&T, Inc. | 27,777 | 403,322 | ||||||
Charter Communications, Inc., Class A(b)(c) | 404 | 163,697 | ||||||
Comcast Corp., Class A | 16,161 | 731,447 | ||||||
Electronic Arts, Inc. | 1,012 | 137,986 | ||||||
Fox Corp., Class A | 1,046 | 34,989 | ||||||
Fox Corp., Class B | 531 | 16,679 | ||||||
Interpublic Group of Cos., Inc. (The)(c) | 1,500 | 51,345 | ||||||
Live Nation Entertainment, Inc.(b) | 559 | 49,052 | ||||||
Match Group, Inc.(b) | 1,082 | 50,324 | ||||||
Meta Platforms, Inc., Class A(b) | 8,595 | 2,738,367 | ||||||
Netflix, Inc.(b) | 1,727 | 758,101 | ||||||
News Corp., Class A(c) | 1,480 | 29,334 | ||||||
News Corp., Class B | 456 | 9,170 | ||||||
Omnicom Group, Inc. | 775 | 65,580 | ||||||
Paramount Global, Class B(c) | 1,969 | 31,563 | ||||||
Take-Two Interactive Software, Inc.(b) | 616 | 94,211 | ||||||
T-Mobile US, Inc.(b) | 2,238 | 308,329 | ||||||
Verizon Communications, Inc. | 16,334 | 556,663 | ||||||
Walt Disney Co. (The)(b) | 7,100 | 631,119 | ||||||
Warner Bros Discovery, Inc.(b) | 8,614 | 112,585 | ||||||
|
| |||||||
12,938,118 | ||||||||
|
| |||||||
Consumer Discretionary-9.13% | ||||||||
Advance Auto Parts, Inc. | 231 | 17,184 | ||||||
Amazon.com, Inc.(b) | 34,683 | 4,636,424 | ||||||
Aptiv PLC(b) | 1,051 | 115,074 | ||||||
AutoZone, Inc.(b) | 71 | 176,202 | ||||||
Bath & Body Works, Inc. | 889 | 32,946 | ||||||
Best Buy Co., Inc. | 757 | 62,869 | ||||||
Booking Holdings, Inc.(b) | 144 | 427,795 | ||||||
BorgWarner, Inc. | 911 | 42,362 | ||||||
Caesars Entertainment, Inc.(b) | 836 | 49,341 | ||||||
CarMax, Inc.(b)(c) | 615 | 50,805 | ||||||
Carnival Corp.(b) | 3,902 | 73,514 | ||||||
Chipotle Mexican Grill, Inc.(b) | 107 | 209,964 | ||||||
D.R. Horton, Inc. | 1,206 | 153,186 | ||||||
Darden Restaurants, Inc.(c) | 470 | 79,392 | ||||||
Domino’s Pizza, Inc. | 138 | 54,750 | ||||||
eBay, Inc. | 2,077 | 92,447 | ||||||
Etsy, Inc.(b) | 479 | 48,690 | ||||||
Expedia Group, Inc.(b) | 555 | 68,004 | ||||||
Ford Motor Co. | 15,269 | 201,704 | ||||||
Garmin Ltd. | 594 | 62,899 | ||||||
General Motors Co. | 5,402 | 207,275 | ||||||
Genuine Parts Co. | 546 | 85,023 | ||||||
Hasbro, Inc. | 506 | 32,667 | ||||||
Hilton Worldwide Holdings, Inc. | 1,028 | 159,844 | ||||||
Home Depot, Inc. (The) | 3,935 | 1,313,661 | ||||||
Las Vegas Sands Corp.(b) | 1,277 | 76,377 | ||||||
Lennar Corp., Class A | 986 | 125,054 | ||||||
LKQ Corp. | 986 | 54,023 | ||||||
Lowe’s Cos., Inc. | 2,317 | 542,804 | ||||||
Marriott International, Inc., Class A | 1,002 | 202,214 | ||||||
McDonald’s Corp. | 2,837 | 831,808 | ||||||
MGM Resorts International | 1,173 | 59,553 | ||||||
Mohawk Industries, Inc.(b) | 205 | 21,800 | ||||||
Newell Brands, Inc. | 1,464 | 16,338 | ||||||
NIKE,Inc.,Class B | 4,788 | 528,547 | ||||||
Norwegian Cruise Line Holdings Ltd.(b) | 1,648 | 36,371 |
Shares | Value | |||||||
Consumer Discretionary-(continued) | ||||||||
NVR, Inc.(b) | 12 | $ | 75,677 | |||||
O’Reilly Automotive, Inc., Class R(b) | 237 | 219,412 | ||||||
Pool Corp. | 151 | 58,096 | ||||||
PulteGroup, Inc. | 867 | 73,166 | ||||||
Ralph Lauren Corp.(c) | 159 | 20,882 | ||||||
Ross Stores, Inc. | 1,329 | 152,357 | ||||||
Royal Caribbean Cruises Ltd.(b) | 855 | 93,289 | ||||||
Starbucks Corp. | 4,454 | 452,393 | ||||||
Tapestry, Inc. | 901 | 38,878 | ||||||
Tesla, Inc.(b) | 10,467 | 2,799,190 | ||||||
TJX Cos., Inc. (The) | 4,474 | 387,135 | ||||||
Tractor Supply Co.(c) | 426 | 95,420 | ||||||
Ulta Beauty, Inc.(b) | 195 | 86,736 | ||||||
VF Corp. | 1,283 | 25,416 | ||||||
Whirlpool Corp.(c) | 213 | 30,727 | ||||||
Wynn Resorts Ltd. | 402 | 43,810 | ||||||
Yum! Brands, Inc. | 1,088 | 149,785 | ||||||
|
| |||||||
15,751,280 | ||||||||
|
| |||||||
Consumer Staples-5.69% | ||||||||
Altria Group, Inc. | 6,935 | 314,988 | ||||||
Archer-Daniels-Midland Co. | 2,116 | 179,775 | ||||||
Brown-Forman Corp., Class B | 711 | 50,197 | ||||||
Bunge Ltd. | 585 | 63,572 | ||||||
Campbell Soup Co. | 779 | 35,694 | ||||||
Church & Dwight Co., Inc. | 949 | 90,791 | ||||||
Clorox Co. (The) | 480 | 72,710 | ||||||
Coca-Cola Co. (The) | 15,122 | 936,505 | ||||||
Colgate-Palmolive Co. | 3,223 | 245,786 | ||||||
Conagra Brands, Inc. | 1,853 | 60,797 | ||||||
Constellation Brands, Inc., Class A | 627 | 171,046 | ||||||
Costco Wholesale Corp. | 1,723 | 966,034 | ||||||
Dollar General Corp. | 852 | 143,869 | ||||||
Dollar Tree, Inc.(b) | 808 | 124,699 | ||||||
Estee Lauder Cos., Inc. (The), Class A | 901 | 162,180 | ||||||
General Mills, Inc. | 2,282 | 170,557 | ||||||
Hershey Co. (The) | 572 | 132,309 | ||||||
Hormel Foods Corp.(c) | 1,126 | 46,031 | ||||||
JM Smucker Co. (The) | 414 | 62,369 | ||||||
Kellogg Co. | 999 | 66,823 | ||||||
Keurig Dr Pepper, Inc. | 3,273 | 111,315 | ||||||
Kimberly-Clark Corp. | 1,311 | 169,250 | ||||||
Kraft Heinz Co. (The) | 3,099 | 112,122 | ||||||
Kroger Co. (The) | 2,537 | 123,400 | ||||||
Lamb Weston Holdings, Inc. | 566 | 58,655 | ||||||
McCormick & Co., Inc. | 974 | 87,153 | ||||||
Molson Coors Beverage Co., Class B | 730 | 50,932 | ||||||
Mondelez International, Inc., Class A | 5,292 | 392,296 | ||||||
Monster Beverage Corp.(b) | 2,969 | 170,688 | ||||||
PepsiCo, Inc. | 5,353 | 1,003,473 | ||||||
Philip Morris International, Inc. | 6,031 | 601,411 | ||||||
Procter & Gamble Co. (The) | 9,157 | 1,431,239 | ||||||
Sysco Corp. | 1,969 | 150,254 | ||||||
Target Corp. | 1,793 | 244,691 | ||||||
Tyson Foods, Inc., Class A | 1,110 | 61,849 | ||||||
Walgreens Boots Alliance, Inc.(c) | 2,782 | 83,376 | ||||||
Walmart, Inc. | 5,450 | 871,237 | ||||||
|
| |||||||
9,820,073 | ||||||||
|
| |||||||
Energy-3.69% | ||||||||
APA Corp. | 1,199 | 48,547 | ||||||
Baker Hughes Co., Class A | 3,933 | 140,762 | ||||||
Chevron Corp. | 6,771 | 1,108,142 |
See accompanying notes which are an integral part of this schedule.
Invesco S&P 500® Downside Hedged ETF (PHDG)–(continued)
July 31, 2023
(Unaudited)
Shares | Value | |||||||
Energy-(continued) | ||||||||
ConocoPhillips | 4,701 | $ | 553,402 | |||||
Coterra Energy, Inc. | 2,943 | 81,050 | ||||||
Devon Energy Corp. | 2,493 | 134,622 | ||||||
Diamondback Energy, Inc. | 704 | 103,713 | ||||||
EOG Resources, Inc. | 2,272 | 301,108 | ||||||
EQT Corp. | 1,405 | 59,263 | ||||||
Exxon Mobil Corp. | 15,708 | 1,684,526 | ||||||
Halliburton Co. | 3,505 | 136,975 | ||||||
Hess Corp. | 1,073 | 162,806 | ||||||
Kinder Morgan, Inc. | 7,663 | 135,712 | ||||||
Marathon Oil Corp. | 2,399 | 63,022 | ||||||
Marathon Petroleum Corp. | 1,649 | 219,350 | ||||||
Occidental Petroleum Corp. | 2,791 | 176,196 | ||||||
ONEOK, Inc. | 1,739 | 116,583 | ||||||
Phillips 66 | 1,782 | 198,782 | ||||||
Pioneer Natural Resources Co. | 908 | 204,908 | ||||||
Schlumberger N.V. | 5,538 | 323,087 | ||||||
Targa Resources Corp. | 878 | 71,987 | ||||||
Valero Energy Corp. | 1,405 | 181,119 | ||||||
Williams Cos., Inc. (The)(c) | 4,733 | 163,052 | ||||||
|
| |||||||
6,368,714 | ||||||||
|
| |||||||
Financials-10.89% | ||||||||
Aflac, Inc.(c) | 2,137 | 154,591 | ||||||
Allstate Corp. (The) | 1,021 | 115,046 | ||||||
American Express Co. | 2,310 | 390,113 | ||||||
American International Group, Inc. | 2,812 | 169,507 | ||||||
Ameriprise Financial, Inc. | 405 | 141,122 | ||||||
Aon PLC, Class A | 793 | 252,570 | ||||||
Arch Capital Group Ltd.(b) | 1,447 | 112,417 | ||||||
Arthur J. Gallagher & Co.(c) | 832 | 178,714 | ||||||
Assurant, Inc. | 207 | 27,844 | ||||||
Bank of America Corp. | 26,938 | 862,016 | ||||||
Bank of New York Mellon Corp. (The) | 2,790 | 126,554 | ||||||
Berkshire Hathaway, Inc., Class B(b) | 6,928 | 2,438,379 | ||||||
BlackRock, Inc. | 582 | 430,011 | ||||||
Brown & Brown, Inc. | 915 | 64,462 | ||||||
Capital One Financial Corp. | 1,483 | 173,541 | ||||||
Cboe Global Markets, Inc. | 410 | 57,269 | ||||||
Charles Schwab Corp. (The) | 5,774 | 381,661 | ||||||
Chubb Ltd. | 1,609 | 328,896 | ||||||
Cincinnati Financial Corp. | 611 | 65,731 | ||||||
Citigroup, Inc. | 7,564 | 360,500 | ||||||
Citizens Financial Group, Inc. | 1,880 | 60,649 | ||||||
CME Group, Inc., Class A | 1,397 | 277,947 | ||||||
Comerica, Inc. | 512 | 27,627 | ||||||
Discover Financial Services | 986 | 104,072 | ||||||
Everest Group Ltd. | 166 | 59,845 | ||||||
FactSet Research Systems, Inc.(c) | 149 | 64,821 | ||||||
Fidelity National Information Services, Inc. | 2,302 | 138,995 | ||||||
Fifth Third Bancorp | 2,645 | 76,969 | ||||||
Fiserv, Inc.(b) | 2,398 | 302,652 | ||||||
FleetCor Technologies, Inc.(b) | 287 | 71,437 | ||||||
Franklin Resources, Inc.(c) | 1,109 | 32,427 | ||||||
Global Payments, Inc. | 1,018 | 112,234 | ||||||
Globe Life, Inc. | 346 | 38,811 | ||||||
Goldman Sachs Group, Inc. (The) | 1,291 | 459,428 | ||||||
Hartford Financial Services Group, Inc. (The) | 1,205 | 86,615 | ||||||
Huntington Bancshares, Inc. | 5,609 | 68,654 | ||||||
Intercontinental Exchange, Inc. | 2,175 | 249,690 | ||||||
Invesco Ltd.(d) | 1,798 | 30,206 | ||||||
Jack Henry & Associates, Inc. | 283 | 47,422 | ||||||
JPMorgan Chase & Co. | 11,355 | 1,793,636 |
Shares | Value | |||||||
Financials-(continued) | ||||||||
KeyCorp | 3,634 | $ | 44,735 | |||||
Lincoln National Corp. | 599 | 16,796 | ||||||
Loews Corp. | 735 | 46,048 | ||||||
M&T Bank Corp. | 645 | 90,210 | ||||||
MarketAxess Holdings, Inc. | 147 | 39,575 | ||||||
Marsh & McLennan Cos., Inc. | 1,922 | 362,143 | ||||||
Mastercard, Inc., Class A | 3,251 | 1,281,804 | ||||||
MetLife, Inc. | 2,499 | 157,362 | ||||||
Moody’s Corp. | 613 | 216,236 | ||||||
Morgan Stanley | 5,062 | 463,477 | ||||||
MSCI, Inc. | 311 | 170,453 | ||||||
Nasdaq, Inc. | 1,316 | 66,445 | ||||||
Northern Trust Corp. | 809 | 64,817 | ||||||
PayPal Holdings, Inc.(b) | 4,335 | 328,680 | ||||||
PNC Financial Services Group, Inc. (The) | 1,551 | 212,316 | ||||||
Principal Financial Group, Inc.(c) | 877 | 70,046 | ||||||
Progressive Corp. (The) | 2,274 | 286,478 | ||||||
Prudential Financial, Inc. | 1,418 | 136,823 | ||||||
Raymond James Financial, Inc.(c) | 741 | 81,562 | ||||||
Regions Financial Corp. | 3,646 | 74,269 | ||||||
S&P Global, Inc. | 1,274 | 502,606 | ||||||
State Street Corp. | 1,299 | 94,100 | ||||||
Synchrony Financial | 1,666 | 57,544 | ||||||
T. Rowe Price Group, Inc. | 872 | 107,483 | ||||||
Travelers Cos., Inc. (The) | 897 | 154,831 | ||||||
Truist Financial Corp. | 5,175 | 171,913 | ||||||
U.S. Bancorp | 5,420 | 215,066 | ||||||
Visa, Inc., Class A | 6,288 | 1,494,846 | ||||||
W.R. Berkley Corp. | 780 | 48,118 | ||||||
Wells Fargo & Co. | 14,579 | 672,967 | ||||||
Willis Towers Watson PLC | 414 | 87,491 | ||||||
Zions Bancorporation N.A. | 575 | 21,994 | ||||||
|
| |||||||
18,774,315 | ||||||||
|
| |||||||
Health Care-11.33% | ||||||||
Abbott Laboratories | 6,756 | 752,145 | ||||||
AbbVie, Inc. | 6,855 | 1,025,371 | ||||||
Agilent Technologies, Inc. | 1,149 | 139,914 | ||||||
Align Technology, Inc.(b) | 276 | 104,298 | ||||||
AmerisourceBergen Corp.(c) | 630 | 117,747 | ||||||
Amgen, Inc. | 2,076 | 486,095 | ||||||
Baxter International, Inc. | 1,966 | 88,922 | ||||||
Becton, Dickinson and Co. | 1,103 | 307,318 | ||||||
Biogen, Inc.(b) | 562 | 151,847 | ||||||
Bio-Rad Laboratories, Inc., Class A(b) | 83 | 33,645 | ||||||
Bio-Techne Corp. | 612 | 51,041 | ||||||
Boston Scientific Corp.(b) | 5,586 | 289,634 | ||||||
Bristol-Myers Squibb Co.(c) | 8,162 | 507,595 | ||||||
Cardinal Health, Inc.(c) | 989 | 90,464 | ||||||
Catalent, Inc.(b)(c) | 700 | 33,964 | ||||||
Centene Corp.(b) | 2,132 | 145,168 | ||||||
Charles River Laboratories International, Inc.(b)(c) | 199 | 41,698 | ||||||
Cigna Group (The) | 1,150 | 339,365 | ||||||
Cooper Cos., Inc. (The) | 192 | 75,122 | ||||||
CVS Health Corp. | 4,981 | 372,031 | ||||||
Danaher Corp. | 2,580 | 658,055 | ||||||
DaVita, Inc.(b) | 215 | 21,928 | ||||||
DENTSPLY SIRONA, Inc. | 826 | 34,296 | ||||||
DexCom, Inc.(b) | 1,506 | 187,587 | ||||||
Edwards Lifesciences Corp.(b) | 2,356 | 193,357 | ||||||
Elevance Health, Inc. | 921 | 434,371 | ||||||
Eli Lilly and Co. | 3,062 | 1,391,832 |
See accompanying notes which are an integral part of this schedule.
Invesco S&P 500® Downside Hedged ETF (PHDG)–(continued)
July 31, 2023
(Unaudited)
Shares | Value | |||||||
Health Care-(continued) | ||||||||
GE HealthCare Technologies, Inc. | 1,519 | $ | 118,482 | |||||
Gilead Sciences, Inc. | 4,846 | 368,974 | ||||||
HCA Healthcare, Inc. | 802 | 218,794 | ||||||
Henry Schein, Inc.(b) | 509 | 40,104 | ||||||
Hologic, Inc.(b) | 957 | 76,005 | ||||||
Humana, Inc. | 485 | 221,563 | ||||||
IDEXX Laboratories, Inc.(b) | 323 | 179,178 | ||||||
Illumina, Inc.(b) | 614 | 117,980 | ||||||
Incyte Corp.(b) | 720 | 45,878 | ||||||
Insulet Corp.(b) | 270 | 74,723 | ||||||
Intuitive Surgical, Inc.(b) | 1,362 | 441,833 | ||||||
IQVIA Holdings, Inc.(b) | 721 | 161,331 | ||||||
Johnson & Johnson | 10,097 | 1,691,550 | ||||||
Laboratory Corp. of America Holdings | 345 | 73,806 | ||||||
McKesson Corp. | 527 | 212,065 | ||||||
Medtronic PLC | 5,169 | 453,631 | ||||||
Merck & Co., Inc. | 9,858 | 1,051,356 | ||||||
Mettler-Toledo International, Inc.(b) | 85 | 106,885 | ||||||
Moderna, Inc.(b) | 1,273 | 149,781 | ||||||
Molina Healthcare, Inc.(b) | 227 | 69,119 | ||||||
Organon & Co.(c) | 991 | 21,782 | ||||||
Pfizer, Inc. | 21,934 | 790,940 | ||||||
Quest Diagnostics, Inc. | 436 | 58,952 | ||||||
Regeneron Pharmaceuticals, Inc.(b) | 419 | 310,860 | ||||||
ResMed, Inc. | 571 | 126,962 | ||||||
Revvity, Inc. | 487 | 59,877 | ||||||
STERIS PLC(c) | 386 | 87,062 | ||||||
Stryker Corp. | 1,313 | 372,117 | ||||||
Teleflex, Inc. | 182 | 45,713 | ||||||
Thermo Fisher Scientific, Inc. | 1,499 | 822,441 | ||||||
UnitedHealth Group, Inc. | 3,617 | 1,831,540 | ||||||
Universal Health Services, Inc., Class B | 245 | 34,045 | ||||||
Vertex Pharmaceuticals, Inc.(b) | 1,001 | 352,692 | ||||||
Viatris, Inc.(c) | 4,659 | 49,059 | ||||||
Waters Corp.(b) | 230 | 63,528 | ||||||
West Pharmaceutical Services, Inc. | 288 | 105,996 | ||||||
Zimmer Biomet Holdings, Inc. | 810 | 111,901 | ||||||
Zoetis, Inc. | 1,795 | 337,622 | ||||||
|
| |||||||
19,530,937 | ||||||||
|
| |||||||
Industrials-7.32% | ||||||||
3M Co. | 2,144 | 239,056 | ||||||
A.O. Smith Corp. | 484 | 35,153 | ||||||
Alaska Air Group, Inc.(b) | 497 | 24,169 | ||||||
Allegion PLC(c) | 342 | 39,966 | ||||||
American Airlines Group, Inc.(b) | 2,537 | 42,495 | ||||||
AMETEK, Inc. | 895 | 141,947 | ||||||
Automatic Data Processing, Inc. | 1,605 | 396,852 | ||||||
Axon Enterprise, Inc.(b) | 272 | 50,573 | ||||||
Boeing Co. (The)(b) | 2,197 | 524,753 | ||||||
Broadridge Financial Solutions, Inc. | 458 | 76,907 | ||||||
C.H. Robinson Worldwide, Inc.(c) | 453 | 45,381 | ||||||
Carrier Global Corp.(c) | 3,244 | 193,180 | ||||||
Caterpillar, Inc. | 2,002 | 530,870 | ||||||
Ceridian HCM Holding, Inc.(b)(c) | 602 | 42,628 | ||||||
Cintas Corp. | 336 | 168,685 | ||||||
Copart, Inc.(b) | 1,666 | 147,258 | ||||||
CSX Corp. | 7,899 | 263,195 | ||||||
Cummins, Inc. | 550 | 143,440 | ||||||
Deere & Co. | 1,048 | 450,221 | ||||||
Delta Air Lines, Inc. | 2,497 | 115,511 | ||||||
Dover Corp. | 544 | 79,408 | ||||||
Eaton Corp. PLC(c) | 1,549 | 318,041 |
Shares | Value | |||||||
Industrials-(continued) | ||||||||
Emerson Electric Co. | 2,220 | $ | 202,797 | |||||
Equifax, Inc.(c) | 476 | 97,142 | ||||||
Expeditors International of Washington, Inc. | 594 | 75,616 | ||||||
Fastenal Co. | 2,219 | 130,056 | ||||||
FedEx Corp. | 898 | 242,415 | ||||||
Fortive Corp. | 1,373 | 107,575 | ||||||
Generac Holdings, Inc.(b) | 242 | 37,195 | ||||||
General Dynamics Corp. | 874 | 195,409 | ||||||
General Electric Co. | 4,231 | 483,349 | ||||||
Honeywell International, Inc. | 2,585 | 501,826 | ||||||
Howmet Aerospace, Inc. | 1,429 | 73,079 | ||||||
Huntington Ingalls Industries, Inc.(c) | 155 | 35,599 | ||||||
IDEX Corp. | 294 | 66,388 | ||||||
Illinois Tool Works, Inc. | 1,074 | 282,806 | ||||||
Ingersoll Rand, Inc. | 1,571 | 102,539 | ||||||
J.B. Hunt Transport Services, Inc. | 322 | 65,669 | ||||||
Jacobs Solutions, Inc. | 493 | 61,827 | ||||||
Johnson Controls International PLC | 2,666 | 185,420 | ||||||
L3Harris Technologies, Inc. | 736 | 139,465 | ||||||
Leidos Holdings, Inc. | 533 | 49,851 | ||||||
Lockheed Martin Corp. | 875 | 390,574 | ||||||
Masco Corp. | 874 | 53,034 | ||||||
Nordson Corp. | 209 | 52,586 | ||||||
Norfolk Southern Corp. | 884 | 206,494 | ||||||
Northrop Grumman Corp. | 555 | 246,975 | ||||||
Old Dominion Freight Line, Inc. | 350 | 146,821 | ||||||
Otis Worldwide Corp. | 1,606 | 146,082 | ||||||
PACCAR, Inc. | 2,031 | 174,930 | ||||||
Parker-Hannifin Corp.(c) | 498 | 204,185 | ||||||
Paychex, Inc. | 1,247 | 156,461 | ||||||
Paycom Software, Inc. | 189 | 69,696 | ||||||
Pentair PLC | 641 | 44,549 | ||||||
Quanta Services, Inc. | 564 | 113,714 | ||||||
Republic Services, Inc. | 799 | 120,737 | ||||||
Robert Half, Inc.(c) | 419 | 31,069 | ||||||
Rockwell Automation, Inc. | 447 | 150,322 | ||||||
Rollins, Inc. | 900 | 36,747 | ||||||
RTX Corp. | 5,677 | 499,179 | ||||||
Snap-on, Inc. | 206 | 56,123 | ||||||
Southwest Airlines Co. | 2,312 | 78,978 | ||||||
Stanley Black & Decker, Inc.(c) | 595 | 59,066 | ||||||
Textron, Inc. | 783 | 60,894 | ||||||
Trane Technologies PLC(c) | 886 | 176,704 | ||||||
TransDigm Group, Inc.(c) | 203 | 182,643 | ||||||
Union Pacific Corp.(c) | 2,369 | 549,655 | ||||||
United Airlines Holdings, Inc.(b) | 1,274 | 69,191 | ||||||
United Parcel Service, Inc., Class B | 2,816 | 526,958 | ||||||
United Rentals, Inc. | 267 | 124,070 | ||||||
Verisk Analytics, Inc. | 562 | 128,664 | ||||||
W.W. Grainger, Inc. | 173 | 127,759 | ||||||
Wabtec Corp. | 699 | 82,790 | ||||||
Waste Management, Inc. | 1,439 | 235,694 | ||||||
Xylem, Inc. | 930 | 104,857 | ||||||
|
| |||||||
12,613,913 | ||||||||
|
| |||||||
Information Technology-24.29% | ||||||||
Accenture PLC, Class A | 2,454 | 776,323 | ||||||
Adobe, Inc.(b) | 1,782 | 973,275 | ||||||
Advanced Micro Devices, Inc.(b) | 6,257 | 715,801 | ||||||
Akamai Technologies, Inc.(b) | 591 | 55,849 | ||||||
Amphenol Corp., Class A | 2,313 | 204,261 | ||||||
Analog Devices, Inc. | 1,966 | 392,276 | ||||||
ANSYS, Inc.(b) | 337 | 115,288 |
See accompanying notes which are an integral part of this schedule.
Invesco S&P 500® Downside Hedged ETF (PHDG)–(continued)
July 31, 2023
(Unaudited)
Shares | Value | |||||||
Information Technology-(continued) | ||||||||
Apple, Inc. | 57,445 | $ | 11,285,070 | |||||
Applied Materials, Inc. | 3,283 | 497,670 | ||||||
Arista Networks, Inc.(b)(c) | 970 | 150,437 | ||||||
Autodesk, Inc.(b) | 832 | 176,376 | ||||||
Broadcom, Inc. | 1,620 | 1,455,813 | ||||||
Cadence Design Systems, Inc.(b) | 1,060 | 248,051 | ||||||
CDW Corp. | 524 | 98,025 | ||||||
Cisco Systems, Inc. | 15,913 | 828,113 | ||||||
Cognizant Technology Solutions Corp., Class A | 1,971 | 130,145 | ||||||
Corning, Inc. | 2,973 | 100,904 | ||||||
DXC Technology Co.(b) | 884 | 24,443 | ||||||
Enphase Energy, Inc.(b) | 533 | 80,925 | ||||||
EPAM Systems, Inc.(b) | 225 | 53,282 | ||||||
F5, Inc.(b) | 235 | 37,186 | ||||||
Fair Isaac Corp.(b) | 97 | 81,283 | ||||||
First Solar, Inc.(b) | 386 | 80,056 | ||||||
Fortinet, Inc.(b) | 2,532 | 196,787 | ||||||
Gartner, Inc.(b) | 307 | 108,552 | ||||||
Gen Digital, Inc.(c) | 2,210 | 42,984 | ||||||
Hewlett Packard Enterprise Co. | 5,035 | 87,508 | ||||||
HP, Inc. | 3,369 | 110,604 | ||||||
Intel Corp. | 16,206 | 579,689 | ||||||
International Business Machines Corp. | 3,528 | 508,667 | ||||||
Intuit, Inc. | 1,090 | 557,753 | ||||||
Juniper Networks, Inc. | 1,250 | 34,750 | ||||||
Keysight Technologies, Inc.(b) | 692 | 111,467 | ||||||
KLA Corp. | 533 | 273,935 | ||||||
Lam Research Corp. | 522 | 375,052 | ||||||
Microchip Technology, Inc. | 2,128 | 199,904 | ||||||
Micron Technology, Inc. | 4,252 | 303,550 | ||||||
Microsoft Corp. | 28,890 | 9,704,729 | ||||||
Monolithic Power Systems, Inc. | 175 | 97,911 | ||||||
Motorola Solutions, Inc. | 652 | 186,883 | ||||||
NetApp, Inc. | 831 | 64,826 | ||||||
NVIDIA Corp. | 9,609 | 4,490,190 | ||||||
NXP Semiconductors N.V. (China) | 1,009 | 224,987 | ||||||
ON Semiconductor Corp.(b) | 1,678 | 180,804 | ||||||
Oracle Corp. | 5,979 | 700,918 | ||||||
Palo Alto Networks, Inc.(b)(c) | 1,175 | 293,703 | ||||||
PTC, Inc.(b) | 414 | 60,365 | ||||||
Qorvo, Inc.(b) | 388 | 42,688 | ||||||
QUALCOMM, Inc. | 4,328 | 572,032 | ||||||
Roper Technologies, Inc. | 414 | 204,123 | ||||||
Salesforce, Inc.(b) | 3,804 | 855,938 | ||||||
Seagate Technology Holdings PLC | 749 | 47,561 | ||||||
ServiceNow, Inc.(b) | 791 | 461,153 | ||||||
Skyworks Solutions, Inc. | 618 | 70,681 | ||||||
SolarEdge Technologies, Inc.(b) | 219 | 52,880 | ||||||
Synopsys, Inc.(b) | 592 | 267,466 | ||||||
TE Connectivity Ltd. | 1,224 | 175,632 | ||||||
Teledyne Technologies, Inc.(b) | 183 | 70,369 | ||||||
Teradyne, Inc.(c) | 602 | 67,990 | ||||||
Texas Instruments, Inc. | 3,526 | 634,680 | ||||||
Trimble, Inc.(b) | 962 | 51,756 | ||||||
Tyler Technologies, Inc.(b) | 163 | 64,651 | ||||||
VeriSign, Inc.(b) | 352 | 74,254 | ||||||
Western Digital Corp.(b) | 1,243 | 52,902 | ||||||
Zebra Technologies Corp., Class A(b) | 200 | 61,592 | ||||||
|
| |||||||
41,885,718 | ||||||||
|
| |||||||
Materials-2.16% | ||||||||
Air Products and Chemicals, Inc. | 863 | 263,500 |
Shares | Value | |||||||
Materials-(continued) | ||||||||
Albemarle Corp. | 455 | $ | 96,587 | |||||
Amcor PLC | 5,717 | 58,656 | ||||||
Avery Dennison Corp. | 314 | 57,779 | ||||||
Ball Corp.(c) | 1,222 | 71,719 | ||||||
Celanese Corp. | 389 | 48,777 | ||||||
CF Industries Holdings, Inc. | 757 | 62,135 | ||||||
Corteva, Inc. | 2,762 | 155,860 | ||||||
Dow, Inc. | 2,748 | 155,180 | ||||||
DuPont de Nemours, Inc. | 1,783 | 138,414 | ||||||
Eastman Chemical Co. | 463 | 39,624 | ||||||
Ecolab, Inc. | 962 | 176,181 | ||||||
FMC Corp. | 486 | 46,768 | ||||||
Freeport-McMoRan, Inc. | 5,569 | 248,656 | ||||||
International Flavors & Fragrances, Inc. | 991 | 83,848 | ||||||
International Paper Co. | 1,349 | 48,645 | ||||||
Linde PLC | 1,902 | 743,054 | ||||||
LyondellBasell Industries N.V., Class A | 986 | 97,476 | ||||||
Martin Marietta Materials, Inc. | 241 | 107,597 | ||||||
Mosaic Co. (The) | 1,290 | 52,580 | ||||||
Newmont Corp.(c) | 3,087 | 132,494 | ||||||
Nucor Corp. | 976 | 167,960 | ||||||
Packaging Corp. of America | 350 | 53,672 | ||||||
PPG Industries, Inc. | 915 | 131,668 | ||||||
Sealed Air Corp. | 561 | 25,593 | ||||||
Sherwin-Williams Co. (The) | 912 | 252,168 | ||||||
Steel Dynamics, Inc. | 624 | 66,506 | ||||||
Vulcan Materials Co. | 517 | 113,998 | ||||||
WestRock Co. | 995 | 33,124 | ||||||
|
| |||||||
3,730,219 | ||||||||
|
| |||||||
Real Estate-2.14% | ||||||||
Alexandria Real Estate Equities, Inc. | 612 | 76,916 | ||||||
American Tower Corp. | 1,811 | 344,651 | ||||||
AvalonBay Communities, Inc. | 552 | 104,135 | ||||||
Boston Properties, Inc.(c) | 555 | 36,980 | ||||||
Camden Property Trust | 415 | 45,272 | ||||||
CBRE Group, Inc., Class A(b) | 1,208 | 100,638 | ||||||
CoStar Group, Inc.(b) | 1,587 | 133,260 | ||||||
Crown Castle, Inc. | 1,685 | 182,469 | ||||||
Digital Realty Trust, Inc. | 1,132 | 141,070 | ||||||
Equinix, Inc. | 363 | 294,001 | ||||||
Equity Residential | 1,325 | 87,370 | ||||||
Essex Property Trust, Inc. | 250 | 60,888 | ||||||
Extra Space Storage, Inc. | 820 | 114,447 | ||||||
Federal Realty Investment Trust(c) | 285 | 28,933 | ||||||
Healthpeak Properties, Inc. | 2,125 | 46,389 | ||||||
Host Hotels & Resorts, Inc. | 2,764 | 50,858 | ||||||
Invitation Homes, Inc. | 2,259 | 80,194 | ||||||
Iron Mountain, Inc.(c) | 1,133 | 69,566 | ||||||
Kimco Realty Corp. | 2,408 | 48,786 | ||||||
Mid-America Apartment Communities, Inc. | 454 | 67,946 | ||||||
Prologis, Inc. | 3,588 | 447,603 | ||||||
Public Storage | 615 | 173,276 | ||||||
Realty Income Corp. | 2,616 | 159,498 | ||||||
Regency Centers Corp. | 598 | 39,187 | ||||||
SBA Communications Corp., Class A | 421 | 92,178 | ||||||
Simon Property Group, Inc. | 1,270 | 158,242 | ||||||
UDR, Inc.(c) | 1,202 | 49,138 | ||||||
Ventas, Inc. | 1,555 | 75,449 | ||||||
VICI Properties, Inc. | 3,901 | 122,803 |
See accompanying notes which are an integral part of this schedule.
Invesco S&P 500® Downside Hedged ETF (PHDG)–(continued)
July 31, 2023
(Unaudited)
Shares | Value | |||||||
Real Estate-(continued) | ||||||||
Welltower, Inc. | 1,931 | $ | 158,632 | |||||
Weyerhaeuser Co. | 2,845 | 96,901 | ||||||
|
| |||||||
3,687,676 | ||||||||
|
| |||||||
Utilities-2.21% | ||||||||
AES Corp. (The) | 2,600 | 56,238 | ||||||
Alliant Energy Corp. | 976 | 52,450 | ||||||
Ameren Corp. | 1,020 | 87,383 | ||||||
American Electric Power Co., Inc. | 2,000 | 169,480 | ||||||
American Water Works Co., Inc. | 757 | 111,605 | ||||||
Atmos Energy Corp. | 561 | 68,279 | ||||||
CenterPoint Energy, Inc. | 2,452 | 73,781 | ||||||
CMS Energy Corp. | 1,133 | 69,192 | ||||||
Consolidated Edison, Inc. | 1,347 | 127,776 | ||||||
Constellation Energy Corp. | 1,261 | 121,876 | ||||||
Dominion Energy, Inc. | 3,248 | 173,930 | ||||||
DTE Energy Co. | 801 | 91,554 | ||||||
Duke Energy Corp. | 2,994 | 280,299 | ||||||
Edison International(c) | 1,488 | 107,077 | ||||||
Entergy Corp. | 822 | 84,419 | ||||||
Evergy, Inc. | 892 | 53,493 | ||||||
Eversource Energy | 1,356 | 98,080 | ||||||
Exelon Corp. | 3,865 | 161,789 | ||||||
FirstEnergy Corp. | 2,114 | 83,270 | ||||||
NextEra Energy, Inc. | 7,862 | 576,285 | ||||||
NiSource, Inc. | 1,605 | 44,683 | ||||||
NRG Energy, Inc. | 894 | 33,963 | ||||||
PG&E Corp.(b) | 6,281 | 110,608 | ||||||
Pinnacle West Capital Corp. | 440 | 36,441 | ||||||
PPL Corp. | 2,864 | 78,846 | ||||||
Public Service Enterprise Group, Inc. | 1,939 | 122,390 | ||||||
Sempra | 1,223 | 182,252 | ||||||
Southern Co. (The) | 4,237 | 306,505 |
Shares | Value | |||||||
Utilities-(continued) | ||||||||
WEC Energy Group, Inc. | 1,226 | $ | 110,168 | |||||
Xcel Energy, Inc. | 2,139 | 134,180 | ||||||
|
| |||||||
3,808,292 | ||||||||
|
| |||||||
Total Common Stocks & Other Equity Interests |
| 148,909,255 | ||||||
|
| |||||||
Money Market Funds-5.00% |
| |||||||
Invesco Premier U.S. Government Money Portfolio, Institutional Class, 5.17%(d)(e) | 8,619,621 | 8,619,621 | ||||||
|
| |||||||
TOTAL INVESTMENTS IN SECURITIES |
| 157,528,876 | ||||||
|
| |||||||
Investments Purchased with Cash Collateral from Securities on Loan |
| |||||||
Money Market Funds-2.56% |
| |||||||
Invesco Private Government Fund, | 1,239,596 | 1,239,596 | ||||||
Invesco Private Prime Fund, 5.38%(d)(e)(f) | 3,187,531 | 3,187,531 | ||||||
|
| |||||||
Total Investments Purchased with Cash Collateral from Securities on Loan |
| 4,427,127 | ||||||
|
| |||||||
TOTAL INVESTMENTS IN SECURITIES-93.91% |
| 161,956,003 | ||||||
OTHER ASSETS LESS LIABILITIES-6.09% |
| 10,493,588 | ||||||
|
| |||||||
NET ASSETS-100.00% | $ | 172,449,591 | ||||||
|
|
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, 2023. |
(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, 2023. |
Value October 31, 2022 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Value July 31, 2023 | Dividend Income | ||||||||
Invesco Ltd. | $ 40,950 | $ 401,938 | $ (402,041) | $2,389 | $(13,030) | $ 30,206 | $ 497 | |||||||
Investments in Affiliated Money Market Funds: | ||||||||||||||
Invesco Government & Agency Portfolio, Institutional Class | 56,456,197 | 420,817,493 | (477,273,690) | - | - | - | 384,369 | |||||||
Invesco Premier U.S. Government Money Portfolio, Institutional Class | - | 1,317,043,450 | (1,308,423,829) | - | - | 8,619,621 | 802,899 |
See accompanying notes which are an integral part of this schedule.
Invesco S&P 500® Downside Hedged ETF (PHDG)–(continued)
July 31, 2023
(Unaudited)
Value | Purchases at Cost | Proceeds from Sales | Change in | Realized | Value July 31, 2023 | Dividend Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investments Purchased with Cash Collateral from Securities on Loan: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Invesco Private Government Fund | $ | 1,372,606 | $ | 44,978,561 | $ | (45,111,571 | ) | $ | - | $ | - | $ | 1,239,596 | $ | 65,424 | * | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Invesco Private Prime Fund | 3,328,929 | 97,978,680 | (98,120,693 | ) | (106 | ) | 721 | 3,187,531 | 171,630 | * | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 61,198,682 | $ | 1,881,220,122 | $ | (1,929,331,824 | ) | $ | 2,283 | $ | (12,309 | ) | $ | 13,076,954 | $ | 1,424,819 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* | Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from borrowers, if any. |
(e) | The rate shown is the 7-day SEC standardized yield as of July 31, 2023. |
(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 (Depreciation) | |||||||||||||||||||||||||||||||||
Equity Risk | ||||||||||||||||||||||||||||||||||||||
CBOE Volatility Index | 151 | August-2023 | $ | 2,244,373 | $ | (159,157 | ) | $ | (159,157 | ) | ||||||||||||||||||||||||||||
CBOE Volatility Index | 124 | September-2023 | 2,026,073 | (56,920 | ) | (56,920 | ) | |||||||||||||||||||||||||||||||
E-Mini S&P 500 Index | 83 | September-2023 | 19,150,175 | 174,640 | 174,640 | |||||||||||||||||||||||||||||||||
|
|
|
| |||||||||||||||||||||||||||||||||||
Total Futures Contracts | $ | (41,437 | ) | $ | (41,437 | ) | ||||||||||||||||||||||||||||||||
|
|
|
|
(a) | Futures contracts collateralized by $14,867,740 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 Short Duration Bond ETF (ISDB)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
U.S. Dollar Denominated Bonds & Notes-89.75% |
| |||||||
Aerospace & Defense-1.17% | ||||||||
Huntington Ingalls Industries, Inc., 3.84%, 05/01/2025 | $ | 50,000 | $ | 48,378 | ||||
L3Harris Technologies, Inc., 5.40%, 01/15/2027 | 36,000 | 36,114 | ||||||
Lockheed Martin Corp., 4.95%, 10/15/2025 | 1,000 | 998 | ||||||
RTX Corp., 5.00%, 02/27/2026 | 18,000 | 17,992 | ||||||
TransDigm, Inc., 6.75%, 08/15/2028(b) | 12,000 | 12,051 | ||||||
|
| |||||||
115,533 | ||||||||
|
| |||||||
Agricultural & Farm Machinery-1.74% | ||||||||
CNH Industrial Capital LLC, 5.45%, 10/14/2025 | 50,000 | 49,979 | ||||||
John Deere Capital Corp. | ||||||||
4.55%, 10/11/2024 | 50,000 | 49,670 | ||||||
4.95%, 06/06/2025 | 45,000 | 44,999 | ||||||
4.75%, 06/08/2026 | 27,000 | 26,937 | ||||||
|
| |||||||
171,585 | ||||||||
|
| |||||||
Asset Management & Custody Banks-0.45% | ||||||||
State Street Corp., 5.27%, 08/03/2026 | 44,000 | 44,000 | ||||||
|
| |||||||
Automobile Manufacturers-5.97% | ||||||||
Ford Motor Credit Co. LLC, 8.14% (SOFR + 2.95%), 03/06/2026(c) | 200,000 | 200,983 | ||||||
Hyundai Capital America | ||||||||
5.80%, 06/26/2025(b) | 44,000 | 44,049 | ||||||
5.50%, 03/30/2026(b) | 11,000 | 10,958 | ||||||
5.65%, 06/26/2026(b) | 33,000 | 32,932 | ||||||
Mercedes-Benz Finance North America LLC (Germany) | ||||||||
6.17% (SOFR + 0.93%), 03/30/2025(b)(c) | 100,000 | 100,602 | ||||||
5.38%, 08/01/2025(b) | 150,000 | 149,948 | ||||||
PACCAR Financial Corp., 4.95%, 10/03/2025 | 50,000 | 50,024 | ||||||
|
| |||||||
589,496 | ||||||||
|
| |||||||
Automotive Parts & Equipment-0.21% | ||||||||
American Honda Finance Corp., 4.75%, 01/12/2026 | 21,000 | 20,907 | ||||||
|
| |||||||
Automotive Retail-0.92% | ||||||||
Advance Auto Parts, Inc., 5.90%, 03/09/2026 | 30,000 | 29,951 | ||||||
Asbury Automotive Group, Inc., 4.50%, 03/01/2028 | 50,000 | 45,804 | ||||||
AutoZone, Inc., 5.05%, 07/15/2026 | 15,000 | 14,966 | ||||||
|
| |||||||
90,721 | ||||||||
|
| |||||||
Biotechnology-0.84% | ||||||||
Amgen, Inc., 5.25%, 03/02/2025 | 83,000 | 82,802 | ||||||
|
| |||||||
Cable & Satellite-0.98% | ||||||||
CCO Holdings LLC/CCO Holdings Capital Corp., 5.50%, 05/01/2026(b) | 99,000 | 96,743 | ||||||
|
| |||||||
Cargo Ground Transportation-1.43% | ||||||||
Penske Truck Leasing Co. L.P./PTL Finance Corp. | ||||||||
3.95%, 03/10/2025(b) | 50,000 | 48,273 | ||||||
5.75%, 05/24/2026(b) | 34,000 | 33,853 | ||||||
4.40%, 07/01/2027(b) | 50,000 | 47,442 | ||||||
6.05%, 08/01/2028(b) | 12,000 | 12,042 | ||||||
|
| |||||||
141,610 | ||||||||
|
| |||||||
Construction Materials-0.41% | ||||||||
Vulcan Materials Co., 5.80%, 03/01/2026 | 40,000 | 40,024 | ||||||
|
| |||||||
Consumer Electronics-0.38% | ||||||||
Tyco Electronics Group S.A., 4.50%, 02/13/2026 | 38,000 | 37,461 | ||||||
|
|
Principal Amount | Value | |||||||
Consumer Finance-2.08% | ||||||||
Capital One Financial Corp. | ||||||||
3.30%, 10/30/2024 | $ | 100,000 | $ | 96,618 | ||||
6.47% (SOFR + 1.35%), 05/09/2025(c) | 50,000 | 49,640 | ||||||
6.31%, 06/08/2029(d) | 19,000 | 19,081 | ||||||
General Motors Financial Co., Inc., 5.40%, 04/06/2026 | 40,000 | 39,783 | ||||||
|
| |||||||
205,122 | ||||||||
|
| |||||||
Diversified Banks-19.01% | ||||||||
Bank of America Corp. | ||||||||
3.84%, 04/25/2025(d) | 100,000 | 98,536 | ||||||
5.08%, 01/20/2027(d) | 58,000 | 57,406 | ||||||
Series U, 8.63%(d)(e)(f) | 50,000 | 50,126 | ||||||
Bank of Montreal (Canada), 5.30%, 06/05/2026 | 27,000 | 27,023 | ||||||
Barclays PLC (United Kingdom), 7.33%, 11/02/2026(d) | 200,000 | 205,369 | ||||||
BPCE S.A. (France), 5.98%, 01/18/2027(b)(d) | 250,000 | 249,177 | ||||||
Citigroup, Inc., 5.61%, 09/29/2026(d) | 100,000 | 99,830 | ||||||
Discover Bank, 2.45%, 09/12/2024 | 100,000 | 95,483 | ||||||
Fifth Third Bancorp | ||||||||
2.38%, 01/28/2025 | 40,000 | 37,946 | ||||||
6.34%, 07/27/2029(d) | 4,000 | 4,075 | ||||||
JPMorgan Chase & Co. | ||||||||
5.55%, 12/15/2025(d) | 100,000 | 99,769 | ||||||
Series CC, 8.21%(d)(f) | 100,000 | 99,875 | ||||||
KeyCorp, 3.88%, 05/23/2025(d) | 39,000 | 36,727 | ||||||
Manufacturers & Traders Trust Co., 4.65%, 01/27/2026 | 100,000 | 96,384 | ||||||
NatWest Group PLC (United Kingdom), 7.47%, 11/10/2026(d) | 200,000 | 206,375 | ||||||
PNC Financial Services Group, Inc. (The) | ||||||||
5.67%, 10/28/2025(d) | 50,000 | 49,769 | ||||||
5.81%, 06/12/2026(d) | 32,000 | 32,033 | ||||||
Sumitomo Mitsui Financial Group, Inc. (Japan), 5.46%, 01/13/2026 | 200,000 | 199,808 | ||||||
Wells Fargo & Co. | ||||||||
4.54%, 08/15/2026(d) | 100,000 | 97,844 | ||||||
5.57%, 07/25/2029(d) | 16,000 | 16,091 | ||||||
7.63%(d)(f) | 16,000 | 16,490 | ||||||
|
| |||||||
1,876,136 | ||||||||
|
| |||||||
Diversified Chemicals-2.01% | ||||||||
Sasol Financing USA LLC (South Africa), 5.88%, 03/27/2024 | 200,000 | 198,312 | ||||||
|
| |||||||
Diversified Financial Services-1.53% | ||||||||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland), 6.50%, 07/15/2025 | 150,000 | 151,125 | ||||||
|
| |||||||
Diversified REITs-0.50% | ||||||||
VICI Properties L.P./VICI Note Co., Inc., 5.63%, 05/01/2024(b) | 50,000 | 49,782 | ||||||
|
| |||||||
Diversified Support Services-0.03% | ||||||||
Ritchie Bros. Holdings, Inc. (Canada), 6.75%, 03/15/2028(b) | 3,000 | 3,041 | ||||||
|
| |||||||
Electric Utilities-3.29% | ||||||||
Duke Energy Corp., 5.00%, 12/08/2025 | 100,000 | 99,346 | ||||||
National Rural Utilities Cooperative Finance Corp. | ||||||||
5.45%, 10/30/2025(e) | 50,000 | 50,165 | ||||||
4.45%, 03/13/2026 | 50,000 | 49,498 | ||||||
NextEra Energy Capital Holdings, Inc., 6.05%, 03/01/2025 | 58,000 | 58,446 |
See accompanying notes which are an integral part of this schedule.
Invesco Short Duration Bond ETF (ISDB)–(continued)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
Electric Utilities-(continued) | ||||||||
Pennsylvania Electric Co., 5.15%, 03/30/2026(b) | $ 17,000 | $ | 16,787 | |||||
Wisconsin Public Service Corp., 5.35%, 11/10/2025 | 50,000 | 50,204 | ||||||
|
| |||||||
324,446 | ||||||||
|
| |||||||
Electrical Components & Equipment-0.87% |
| |||||||
Regal Rexnord Corp., 6.05%, 02/15/2026(b) | 86,000 | 86,018 | ||||||
|
| |||||||
Financial Exchanges & Data-0.18% | ||||||||
Nasdaq, Inc., 5.65%, 06/28/2025 | 18,000 | 18,037 | ||||||
|
| |||||||
Health Care Services-1.08% | ||||||||
Cigna Group (The), 5.69%, 03/15/2026 | 107,000 | 107,070 | ||||||
|
| |||||||
Home Improvement Retail-0.34% | ||||||||
Lowe’s Cos., Inc., 4.80%, 04/01/2026 | 34,000 | 33,768 | ||||||
|
| |||||||
Hotels, Resorts & Cruise Lines-0.50% | ||||||||
Hyatt Hotels Corp., 5.38%, 04/23/2025 | 50,000 | 49,567 | ||||||
|
| |||||||
Integrated Oil & Gas-1.49% | ||||||||
BP Capital Markets PLC (United Kingdom), 4.38%(d)(f) | 50,000 | 48,270 | ||||||
Occidental Petroleum Corp., 5.50%, 12/01/2025 | 50,000 | 49,862 | ||||||
Petroleos Mexicanos (Mexico), 6.88%, 10/16/2025 | 51,000 | 49,180 | ||||||
|
| |||||||
147,312 | ||||||||
|
| |||||||
Integrated Telecommunication Services-1.01% |
| |||||||
AT&T, Inc., 5.54%, 02/20/2026 | 100,000 | 99,835 | ||||||
|
| |||||||
Investment Banking & Brokerage-0.08% | ||||||||
Morgan Stanley, 5.45%, 07/20/2029(d) | 8,000 | 8,020 | ||||||
|
| |||||||
IT Consulting & Other Services-1.00% | ||||||||
International Business Machines Corp., 4.50%, 02/06/2026 | 100,000 | 98,713 | ||||||
|
| |||||||
Life & Health Insurance-1.93% | ||||||||
Pacific Life Global Funding II, 6.38% (SOFR + 1.05%), 07/28/2026(b)(c) | 41,000 | 41,001 | ||||||
Protective Life Global Funding, 5.37%, 01/06/2026(b) | 150,000 | 149,579 | ||||||
|
| |||||||
190,580 | ||||||||
|
| |||||||
Managed Health Care-0.93% | ||||||||
Elevance Health, Inc., 5.35%, 10/15/2025 | 50,000 | 50,093 | ||||||
Humana, Inc., 5.70%, 03/13/2026 | 40,000 | 40,025 | ||||||
UnitedHealth Group, Inc., 5.15%, 10/15/2025 | 2,000 | 2,004 | ||||||
|
| |||||||
92,122 | ||||||||
|
| |||||||
Movies & Entertainment-1.52% | ||||||||
Warnermedia Holdings, Inc., 6.41%, 03/15/2026 | 150,000 | 150,276 | ||||||
|
| |||||||
Multi-Utilities-1.37% | ||||||||
WEC Energy Group, Inc., 4.75%, 01/09/2026 | 137,000 | 135,180 | ||||||
|
| |||||||
Office REITs-1.89% | ||||||||
Brandywine Operating Partnership L.P., 4.10%, 10/01/2024 | 100,000 | 96,062 | ||||||
Piedmont Operating Partnership L.P., 9.25%, 07/20/2028 | 88,000 | 90,405 | ||||||
|
| |||||||
186,467 | ||||||||
|
| |||||||
Oil & Gas Equipment & Services-0.50% | ||||||||
Enerflex Ltd. (Canada), 9.00%, 10/15/2027(b) | 49,000 | 49,361 | ||||||
|
| |||||||
Oil & Gas Exploration & Production-1.31% |
| |||||||
Civitas Resources, Inc., 8.38%, 07/01/2028(b) | 54,000 | 55,610 |
Principal Amount | Value | |||||||
Oil & Gas Exploration & Production-(continued) |
| |||||||
Pioneer Natural Resources Co., 5.10%, 03/29/2026 | $ | 22,000 | $ | 21,933 | ||||
Transocean Titan Financing Ltd., 8.38%, 02/01/2028(b) | 50,000 | 51,677 | ||||||
|
| |||||||
129,220 | ||||||||
|
| |||||||
Oil & Gas Storage & Transportation-6.80% | ||||||||
Enbridge, Inc. (Canada), 5.97%, 03/08/2026 | 122,000 | 122,208 | ||||||
Energy Transfer L.P., 4.50%, 04/15/2024 | 200,000 | 198,095 | ||||||
Enterprise Products Operating LLC, 5.05%, 01/10/2026 | 27,000 | 26,992 | ||||||
Genesis Energy L.P./Genesis Energy Finance Corp., 6.25%, 05/15/2026 | 50,000 | 47,759 | ||||||
Kinder Morgan, Inc., 5.63%, 11/15/2023(b) | 100,000 | 99,920 | ||||||
MPLX L.P., 4.88%, 12/01/2024 | 100,000 | 98,765 | ||||||
ONEOK, Inc., 5.85%, 01/15/2026 | 50,000 | 50,394 | ||||||
Williams Cos., Inc. (The), 5.40%, 03/02/2026 | 27,000 | 27,066 | ||||||
|
| |||||||
671,199 | ||||||||
|
| |||||||
Packaged Foods & Meats-0.50% | ||||||||
General Mills, Inc., 5.24%, 11/18/2025 | 50,000 | 49,788 | ||||||
|
| |||||||
Paper & Plastic Packaging Products & Materials-0.49% |
| |||||||
Cascades, Inc./Cascades USA, Inc. (Canada), 5.13%, 01/15/2026(b) | 50,000 | 48,235 | ||||||
|
| |||||||
Passenger Airlines-0.76% | ||||||||
Delta Air Lines, Inc./SkyMiles IP Ltd., 4.50%, 10/20/2025(b) | 76,000 | 74,515 | ||||||
|
| |||||||
Personal Care Products-0.30% | ||||||||
Kenvue, Inc. | ||||||||
5.50%, 03/22/2025(b) | 22,000 | 22,096 | ||||||
5.35%, 03/22/2026(b) | 7,000 | 7,055 | ||||||
|
| |||||||
29,151 | ||||||||
|
| |||||||
Pharmaceuticals-2.28% | ||||||||
Eli Lilly and Co., 5.00%, 02/27/2026 | 51,000 | 51,055 | ||||||
Pfizer Investment Enterprises Pte. Ltd. | ||||||||
4.65%, 05/19/2025 | 75,000 | 74,393 | ||||||
4.45%, 05/19/2026 | 50,000 | 49,410 | ||||||
Zoetis, Inc., 5.40%, 11/14/2025 | 50,000 | 50,266 | ||||||
|
| |||||||
225,124 | ||||||||
|
| |||||||
Regional Banks-1.67% | ||||||||
Synovus Financial Corp., 5.20%, 08/11/2025 | 50,000 | 48,285 | ||||||
Truist Financial Corp. | ||||||||
5.60% (SOFR + 0.40%), 06/09/2025(c)(e) | 100,000 | 97,815 | ||||||
6.05%, 06/08/2027(d) | 19,000 | 19,046 | ||||||
|
| |||||||
165,146 | ||||||||
|
| |||||||
Restaurants-0.45% | ||||||||
Starbucks Corp., 4.75%, 02/15/2026 | 45,000 | 44,689 | ||||||
|
| |||||||
Retail REITs-1.38% | ||||||||
Realty Income Corp. | ||||||||
4.60%, 02/06/2024 | 100,000 | 99,435 | ||||||
5.05%, 01/13/2026 | 37,000 | 36,776 | ||||||
|
| |||||||
136,211 | ||||||||
|
| |||||||
Self-Storage REITs-0.21% | ||||||||
Public Storage, 5.13%, 01/15/2029 | 21,000 | 21,126 | ||||||
|
| |||||||
Semiconductors-1.44% | ||||||||
Broadcom, Inc., 3.46%, 09/15/2026 | 150,000 | 142,229 | ||||||
|
|
See accompanying notes which are an integral part of this schedule.
Invesco Short Duration Bond ETF (ISDB)–(continued)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
Sovereign Debt-3.38% | ||||||||
Romanian Government International Bond (Romania), 6.63%, 02/17/2028(b) | $ | 128,000 | $ | 132,954 | ||||
Serbia International Bond (Serbia), 6.25%, 05/26/2028(b) | 200,000 | 200,591 | ||||||
|
| |||||||
333,545 | ||||||||
|
| |||||||
Specialized Finance-0.48% |
| |||||||
Blackstone Private Credit Fund, 1.75%, 09/15/2024 | 50,000 | 47,267 | ||||||
|
| |||||||
Systems Software-1.54% |
| |||||||
Oracle Corp., 5.80%, 11/10/2025 | 150,000 | 151,946 | ||||||
|
| |||||||
Technology Distributors-0.58% |
| |||||||
Arrow Electronics, Inc., 6.13%, 03/01/2026 | 57,000 | 56,931 | ||||||
|
| |||||||
Technology Hardware, Storage & Peripherals-3.05% |
| |||||||
Hewlett Packard Enterprise Co. | ||||||||
5.90%, 10/01/2024 | 150,000 | 150,174 | ||||||
6.10%, 04/01/2026 | 150,000 | 150,395 | ||||||
|
| |||||||
300,569 | ||||||||
|
| |||||||
Telecom Tower REITs-0.47% |
| |||||||
SBA Communications Corp., 3.88%, 02/15/2027 | 50,000 | 46,109 | ||||||
|
| |||||||
Tobacco-2.09% |
| |||||||
Philip Morris International, Inc. | ||||||||
5.13%, 11/15/2024 | 100,000 | 99,705 | ||||||
4.88%, 02/13/2026 | 107,000 | 106,335 | ||||||
|
| |||||||
206,040 | ||||||||
|
| |||||||
Trading Companies & Distributors-0.48% |
| |||||||
Air Lease Corp., 3.38%, 07/01/2025 | 50,000 | 47,734 | ||||||
|
| |||||||
Transaction & Payment Processing Services-0.96% |
| |||||||
Block, Inc., 2.75%, 06/01/2026 | 50,000 | 45,565 | ||||||
Fidelity National Information Services, Inc., 4.50%, 07/15/2025 | 50,000 | 49,079 | ||||||
|
| |||||||
94,644 | ||||||||
|
| |||||||
Wireless Telecommunication Services-1.49% |
| |||||||
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC, 4.74%, 03/20/2025(b) | 87,500 | 86,552 | ||||||
T-Mobile USA, Inc. | ||||||||
3.50%, 04/15/2025 | 50,000 | 48,332 | ||||||
4.95%, 03/15/2028 | 12,000 | 11,859 | ||||||
|
| |||||||
146,743 | ||||||||
|
| |||||||
Total U.S. Dollar Denominated Bonds & Notes (Cost $8,875,900) | 8,859,333 | |||||||
|
| |||||||
Asset-Backed Securities-6.03% | ||||||||
Avis Budget Rental Car Funding (AESOP) LLC | ||||||||
Series 2022-3A, Class A, 4.62%, 02/20/2027(b) | 100,000 | 96,967 | ||||||
Series 2023-2A, Class A, 5.20%, 10/20/2027(b) | 100,000 | 98,090 | ||||||
Series 2023-4A, Class A, 5.49%, 06/20/2029(b) | 100,000 | 98,634 | ||||||
Eaton Vance CLO Ltd., Series 2019-1A, Class AR, 6.67% (3 mo. Term SOFR + 1.36%), 04/15/2031(b)(c) | 100,000 | 99,597 | ||||||
OBX Trust, Series 2023-NQM1, Class A1, 6.12%, 11/25/2062(b)(g) | 93,892 | 93,400 |
Principal Amount | Value | |||||||
TierPoint Issuer LLC, Series 2023-1A, Class A2, 6.00%, 06/25/2053(b) | $ | 28,000 | $ | 26,759 | ||||
Verus Securitization Trust, Series 2021-R3, Class A1, 1.02%, 04/25/2064(b)(g) | 91,998 | 81,594 | ||||||
|
| |||||||
Total Asset-Backed Securities | 595,041 | |||||||
|
| |||||||
U.S. Treasury Securities-1.82% | ||||||||
U.S. Treasury Bills-0.24% | ||||||||
4.79%, 04/18/2024(h)(i) | 25,000 | 24,074 | ||||||
|
| |||||||
U.S. Treasury Notes-1.58% | ||||||||
4.75%, 07/31/2025 | 64,300 | 64,162 | ||||||
4.50%, 07/15/2026 | 48,300 | 48,291 | ||||||
4.13%, 07/31/2028 | 43,400 | 43,325 | ||||||
|
| |||||||
155,778 | ||||||||
|
| |||||||
Total U.S. Treasury Securities | 179,852 | |||||||
|
| |||||||
Agency Credit Risk Transfer Notes-0.76% |
| |||||||
Fannie Mae Connecticut Avenue Securities, Series 2023-R02, Class 1M1, 7.37% (30 Day Average SOFR + 2.30%), 01/25/2043(b)(c)(j) | 28,000 | 28,435 | ||||||
Freddie Mac, Series 2023-DNA1, Class M1, STACR®, 7.17% (30 Day Average SOFR + 2.10%), 03/25/2043(b)(c)(k) | 46,243 | 46,795 | ||||||
|
| |||||||
Total Agency Credit Risk Transfer Notes | 75,230 | |||||||
|
| |||||||
Shares | ||||||||
Preferred Stocks-0.50% | ||||||||
Investment Banking & Brokerage-0.50% | ||||||||
Goldman Sachs Group, Inc. (The), Series P, Pfd., 8.21%(d) | 50,000 | 49,643 | ||||||
|
| |||||||
Money Market Funds-0.49% | ||||||||
Invesco Government & Agency Portfolio, Institutional Class, 5.18%(l)(m) | 48,357 | 48,357 | ||||||
|
| |||||||
TOTAL INVESTMENTS IN SECURITIES |
| 9,807,456 | ||||||
|
| |||||||
Investments Purchased with Cash Collateral from Securities on Loan |
| |||||||
Money Market Funds-0.82% | ||||||||
Invesco Private Government Fund, 5.24%(l)(m)(n) | 22,647 | 22,647 | ||||||
Invesco Private Prime Fund, 5.38%(l)(m)(n) | 58,236 | 58,236 | ||||||
|
| |||||||
Total Investments Purchased with Cash Collateral from Securities on Loan | 80,883 | |||||||
|
| |||||||
TOTAL INVESTMENTS IN SECURITIES-100.17% |
| 9,888,339 | ||||||
OTHER ASSETS LESS LIABILITIES-(0.17)% | (16,939 | ) | ||||||
|
| |||||||
NET ASSETS-100.00% | $ | 9,871,400 | ||||||
|
|
See accompanying notes which are an integral part of this schedule.
Invesco Short Duration Bond ETF (ISDB)–(continued)
July 31, 2023
(Unaudited)
Investment Abbreviations:
CLO | -Collateralized Loan Obligation |
Pfd. | -Preferred |
REIT | -Real Estate Investment Trust |
SOFR | -Secured Overnight Financing Rate |
STACR® | -Structured Agency Credit Risk |
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, 2023 was $2,683,115, which represented 27.18% of the Fund’s Net Assets. |
(c) | Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on July 31, 2023. |
(d) | Security issued at a fixed rate for a specific period of time, after which it will convert to a variable rate. |
(e) | All or a portion of this security was out on loan at July 31, 2023. |
(f) | Perpetual bond with no specified maturity date. |
(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, 2023. |
(h) | $24,072 was pledged as collateral to cover margin requirements for open futures contracts. |
(i) | Security traded on a discount basis. The interest rate shown represents the discount rate at the time of purchase by the Fund. |
(j) | 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. |
(k) | 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. |
(l) | 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 period ended July 31, 2023. |
Value | Purchases at Cost | Proceeds from Sales | Change in | Realized | Value July 31, 2023 | Dividend Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investments in Affiliated Money Market Funds: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Invesco Government & Agency Portfolio, Institutional Class | $ | - | $ | 5,803,442 | $ | (5,755,085 | ) | $ | - | $ | - | $ | 48,357 | $ | 5,141 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Investments Purchased with Cash Collateral from Securities on Loan: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Invesco Private Government Fund | - | 607,032 | (584,385 | ) | - | - | 22,647 | 886 | * | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Invesco Private Prime Fund | - | 976,174 | (917,923 | ) | - | (15 | ) | 58,236 | 2,100 | * | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | - | $ | 7,386,648 | $ | (7,257,393 | ) | $ | - | $ | (15 | ) | $ | 129,240 | $ | 8,127 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* | Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from borrowers, if any. |
(m) | The rate shown is the 7-day SEC standardized yield as of July 31, 2023. |
(n) | 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 | |||||||||||||||||||||||||||||||||||||||||||
Long Futures Contracts | Number of Contracts | Expiration Month | Notional Value | Value | Unrealized (Depreciation) | ||||||||||||||||||||||||||||||||||||||
Interest Rate Risk | |||||||||||||||||||||||||||||||||||||||||||
U.S. Treasury 2 Year Notes | 16 | September-2023 | $ | 3,248,500 | $ | (37,202 | ) | $ | (37,202 | ) | |||||||||||||||||||||||||||||||||
|
|
|
| ||||||||||||||||||||||||||||||||||||||||
Short Futures Contracts | |||||||||||||||||||||||||||||||||||||||||||
Interest Rate Risk | |||||||||||||||||||||||||||||||||||||||||||
U.S. Treasury 5 Year Notes | 10 | September-2023 | (1,068,203 | ) | 21,416 | 21,416 | |||||||||||||||||||||||||||||||||||||
|
|
|
| ||||||||||||||||||||||||||||||||||||||||
Total Futures Contracts | $ | (15,786 | ) | $ | (15,786 | ) | |||||||||||||||||||||||||||||||||||||
|
|
|
|
The valuation policy and a listing of other significant accounting policies are available in the most recent Statement of Additional Information.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments(a)
Invesco Total Return Bond ETF (GTO)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
U.S. Dollar Denominated Bonds & Notes-49.57% |
| |||||||
Aerospace & Defense-0.83% | ||||||||
L3Harris Technologies, Inc. | ||||||||
5.40%, 07/31/2033 | $ 1,373,000 | $ | 1,383,432 | |||||
5.60%, 07/31/2053 | 1,095,000 | 1,118,420 | ||||||
Lockheed Martin Corp. | ||||||||
5.10%, 11/15/2027 | 394,000 | 399,806 | ||||||
4.45%, 05/15/2028 | 520,000 | 515,673 | ||||||
4.75%, 02/15/2034 | 924,000 | 918,835 | ||||||
4.15%, 06/15/2053 | 104,000 | 90,031 | ||||||
5.20%, 02/15/2055 | 1,192,000 | 1,216,623 | ||||||
4.30%, 06/15/2062 | 127,000 | 110,489 | ||||||
5.90%, 11/15/2063 | 287,000 | 322,570 | ||||||
RTX Corp., 5.15%, 02/27/2033 | 1,321,000 | 1,322,586 | ||||||
TransDigm, Inc., 6.75%, 08/15/2028(b) | 876,000 | 879,709 | ||||||
|
| |||||||
8,278,174 | ||||||||
|
| |||||||
Agricultural & Farm Machinery-0.20% |
| |||||||
John Deere Capital Corp., 4.70%, 06/10/2030 | 1,991,000 | 1,981,498 | ||||||
|
| |||||||
Agricultural Products & Services-0.22% |
| |||||||
Archer-Daniels-Midland Co., 4.50%, 08/15/2033(c) | 520,000 | 509,843 | ||||||
Cargill, Inc. | ||||||||
4.50%, 06/24/2026(b) | 851,000 | 840,539 | ||||||
4.75%, 04/24/2033(b) | 765,000 | 753,925 | ||||||
4.38%, 04/22/2052(b) | 128,000 | 113,697 | ||||||
|
| |||||||
2,218,004 | ||||||||
|
| |||||||
Air Freight & Logistics-0.30% |
| |||||||
United Parcel Service, Inc. | ||||||||
4.88%, 03/03/2033 | 928,000 | 938,109 | ||||||
5.05%, 03/03/2053 | 1,978,000 | 1,993,047 | ||||||
|
| |||||||
2,931,156 | ||||||||
|
| |||||||
Apparel Retail-0.01% | ||||||||
Ross Stores, Inc., 3.38%, 09/15/2024 | 84,000 | 81,742 | ||||||
|
| |||||||
Application Software-0.01% |
| |||||||
Salesforce, Inc., 2.90%, 07/15/2051 | 127,000 | 87,848 | ||||||
|
| |||||||
Asset Management & Custody Banks-0.85% |
| |||||||
Ameriprise Financial, Inc. | ||||||||
3.00%, 04/02/2025 | 14,000 | 13,455 | ||||||
5.15%, 05/15/2033 | 1,574,000 | 1,563,086 | ||||||
Bank of New York Mellon Corp. (The) | ||||||||
4.54%, 02/01/2029(d) | 779,000 | 760,739 | ||||||
5.83%, 10/25/2033(d) | 419,000 | 434,186 | ||||||
4.71%, 02/01/2034(d) | 503,000 | 480,013 | ||||||
Series I, 3.75%(d)(e) | 315,000 | 261,418 | ||||||
Series J, 4.97%, 04/26/2034(d) | 952,000 | 927,505 | ||||||
BlackRock, Inc., 4.75%, 05/25/2033(c) | 1,660,000 | 1,630,108 | ||||||
Blackstone Secured Lending Fund, 2.13%, 02/15/2027 | 771,000 | 653,142 | ||||||
Northern Trust Corp., 6.13%, 11/02/2032(c) | 480,000 | 500,519 | ||||||
State Street Corp., 5.16%, | 1,220,000 | 1,198,349 | ||||||
|
| |||||||
8,422,520 | ||||||||
|
|
Principal Amount | Value | |||||||
Automobile Manufacturers-1.75% |
| |||||||
Ford Motor Credit Co. LLC | ||||||||
6.95%, 06/10/2026 | $ 2,034,000 | $ | 2,052,103 | |||||
7.35%, 11/04/2027(c) | 1,305,000 | 1,340,595 | ||||||
6.80%, 05/12/2028(c) | 2,608,000 | 2,634,416 | ||||||
7.35%, 03/06/2030 | 962,000 | 996,744 | ||||||
7.20%, 06/10/2030 | 2,055,000 | 2,109,047 | ||||||
Hyundai Capital America | ||||||||
5.88%, 04/07/2025(b) | 24,000 | 24,064 | ||||||
5.65%, 06/26/2026(b) | 1,380,000 | 1,377,153 | ||||||
5.60%, 03/30/2028(b) | 1,192,000 | 1,188,897 | ||||||
5.80%, 04/01/2030(b) | 229,000 | 230,354 | ||||||
Mercedes-Benz Finance North America LLC (Germany) | ||||||||
5.10%, 08/03/2028(b) | 2,046,000 | 2,043,586 | ||||||
5.05%, 08/03/2033(b) | 2,095,000 | 2,085,740 | ||||||
Toyota Motor Credit Corp., 4.63%, 01/12/2028(c) | 494,000 | 492,497 | ||||||
Volkswagen Group of America Finance LLC (Germany), 4.60%, 06/08/2029(b) | 864,000 | 836,085 | ||||||
|
| |||||||
17,411,281 | ||||||||
|
| |||||||
Automotive Parts & Equipment-0.89% |
| |||||||
American Honda Finance Corp. | ||||||||
4.70%, 01/12/2028 | 848,000 | 841,875 | ||||||
4.60%, 04/17/2030(c) | 501,000 | 491,346 | ||||||
ERAC USA Finance LLC | ||||||||
4.60%, 05/01/2028(b)(c) | 1,137,000 | 1,110,183 | ||||||
4.90%, 05/01/2033(b) | 1,555,000 | 1,532,814 | ||||||
5.40%, 05/01/2053(b) | 1,623,000 | 1,627,988 | ||||||
Nemak S.A.B. de C.V. (Mexico), 3.63%, 06/28/2031(b) | 350,000 | 277,656 | ||||||
ZF North America Capital, Inc. (Germany) | ||||||||
6.88%, 04/14/2028(b) | 1,088,000 | 1,105,992 | ||||||
7.13%, 04/14/2030(b) | 1,809,000 | 1,865,046 | ||||||
|
| |||||||
8,852,900 | ||||||||
|
| |||||||
Automotive Retail-0.19% | ||||||||
Advance Auto Parts, Inc., 5.95%, 03/09/2028 | 488,000 | 486,179 | ||||||
AutoZone, Inc., 5.20%, 08/01/2033 | 1,448,000 | 1,432,769 | ||||||
|
| |||||||
1,918,948 | ||||||||
|
| |||||||
Biotechnology-0.66% | ||||||||
Amgen, Inc. | ||||||||
5.25%, 03/02/2025 | 846,000 | 843,979 | ||||||
5.15%, 03/02/2028 | 1,127,000 | 1,127,970 | ||||||
5.25%, 03/02/2030 | 513,000 | 516,534 | ||||||
5.25%, 03/02/2033 | 1,164,000 | 1,162,139 | ||||||
5.60%, 03/02/2043 | 1,015,000 | 1,010,150 | ||||||
5.65%, 03/02/2053 | 1,842,000 | 1,848,871 | ||||||
|
| |||||||
6,509,643 | ||||||||
|
| |||||||
Broadcasting-0.00% | ||||||||
Fox Corp., 4.71%, 01/25/2029 | 22,000 | 21,356 | ||||||
|
| |||||||
Broadline Retail-0.05% | ||||||||
Prosus N.V. (China), 3.26%, 01/19/2027(b) | 564,000 | 510,892 | ||||||
|
|
See accompanying notes which are an integral part of this schedule.
Invesco Total Return Bond ETF (GTO)–(continued)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
Building Products-0.02% | ||||||||
HP Communities LLC | ||||||||
5.78%, 03/15/2046(b) | $ 150,000 | $ | 141,746 | |||||
5.86%, 09/15/2053(b) | 100,000 | 90,876 | ||||||
|
| |||||||
232,622 | ||||||||
|
| |||||||
Cable & Satellite-0.39% |
| |||||||
CCO Holdings LLC/CCO Holdings Capital Corp. | ||||||||
6.38%, 09/01/2029(b)(c) | 1,604,000 | 1,535,158 | ||||||
7.38%, 03/01/2031(b)(c) | 942,000 | 937,221 | ||||||
Charter Communications Operating LLC/Charter Communications Operating Capital Corp., 5.05%, 03/30/2029 | 22,000 | 21,056 | ||||||
Comcast Corp. | ||||||||
4.15%, 10/15/2028 | 7,000 | 6,777 | ||||||
5.50%, 11/15/2032 | 744,000 | 772,163 | ||||||
3.25%, 11/01/2039 | 55,000 | 43,449 | ||||||
3.45%, 02/01/2050 | 41,000 | 30,771 | ||||||
2.80%, 01/15/2051 | 14,000 | 9,153 | ||||||
2.89%, 11/01/2051 | 5,000 | 3,329 | ||||||
2.99%, 11/01/2063 | 4,000 | 2,517 | ||||||
Cox Communications, Inc. | ||||||||
5.70%, 06/15/2033(b) | 470,000 | 472,446 | ||||||
2.95%, 10/01/2050(b) | 16,000 | 9,862 | ||||||
|
| |||||||
3,843,902 | ||||||||
|
| |||||||
Cargo Ground Transportation-0.39% |
| |||||||
Penske Truck Leasing Co. L.P./PTL Finance Corp. | ||||||||
5.75%, 05/24/2026(b) | 415,000 | 413,211 | ||||||
5.70%, 02/01/2028(b) | 472,000 | 467,632 | ||||||
5.55%, 05/01/2028(b) | 1,040,000 | 1,024,746 | ||||||
6.05%, 08/01/2028(b) | 1,580,000 | 1,585,540 | ||||||
6.20%, 06/15/2030(b)(c) | 426,000 | 430,499 | ||||||
|
| |||||||
3,921,628 | ||||||||
|
| |||||||
Casinos & Gaming-0.02% |
| |||||||
MGM China Holdings Ltd. (Macau), 5.38%, 05/15/2024(b) | 218,000 | 215,473 | ||||||
|
| |||||||
Commercial & Residential Mortgage Finance-0.23% |
| |||||||
Aviation Capital Group LLC | ||||||||
4.13%, 08/01/2025(b) | 7,000 | 6,651 | ||||||
6.25%, 04/15/2028(b) | 782,000 | 782,810 | ||||||
6.38%, 07/15/2030(b) | 1,454,000 | 1,449,363 | ||||||
|
| |||||||
2,238,824 | ||||||||
|
| |||||||
Construction Machinery & Heavy Transportation Equipment-0.37% |
| |||||||
Daimler Trucks Finance North America LLC (Germany), 3.65%, 04/07/2027(b) | 766,000 | 730,408 | ||||||
SMBC Aviation Capital Finance DAC (Ireland), 5.70%, 07/25/2033(b) | 2,940,000 | 2,900,393 | ||||||
|
| |||||||
3,630,801 | ||||||||
|
| |||||||
Consumer Finance-0.29% |
| |||||||
Capital One Financial Corp. | ||||||||
6.31%, 06/08/2029(c)(d) | 1,402,000 | 1,407,976 | ||||||
6.38%, 06/08/2034(c)(d) | 1,258,000 | 1,270,533 | ||||||
General Motors Financial Co., Inc., 5.40%, 04/06/2026 | 249,000 | 247,653 | ||||||
|
| |||||||
2,926,162 | ||||||||
|
|
Principal Amount | Value | |||||||
Consumer Staples Merchandise Retail-0.54% |
| |||||||
Dollar General Corp., 5.50%, 11/01/2052 | $ 361,000 | $ | 342,214 | |||||
Target Corp. | ||||||||
4.50%, 09/15/2032(c) | 475,000 | 463,013 | ||||||
4.80%, 01/15/2053(c) | 584,000 | 555,540 | ||||||
Walmart, Inc. | ||||||||
3.90%, 04/15/2028 | 875,000 | 855,095 | ||||||
4.00%, 04/15/2030(c) | 707,000 | 689,519 | ||||||
4.10%, 04/15/2033(c) | 1,470,000 | 1,420,445 | ||||||
4.50%, 09/09/2052 | 351,000 | 338,678 | ||||||
4.50%, 04/15/2053 | 704,000 | 679,577 | ||||||
|
| |||||||
5,344,081 | ||||||||
|
| |||||||
Copper-0.07% |
| |||||||
PT Freeport Indonesia (Indonesia), 5.32%, 04/14/2032(b) | 716,000 | 681,869 | ||||||
|
| |||||||
Data Processing & Outsourced Services-0.51% |
| |||||||
Concentrix Corp., 6.85%, 08/02/2033 | 5,186,000 | 5,016,772 | ||||||
|
| |||||||
Distillers & Vintners-0.06% |
| |||||||
Brown-Forman Corp., 4.75%, 04/15/2033 | 343,000 | 343,821 | ||||||
Constellation Brands, Inc., 4.90%, 05/01/2033 | 287,000 | 280,635 | ||||||
|
| |||||||
624,456 | ||||||||
|
| |||||||
Diversified Banks-10.77% |
| |||||||
Africa Finance Corp. (Supranational), 4.38%, 04/17/2026(b) | 280,000 | 263,698 | ||||||
Australia and New Zealand Banking Group Ltd. (Australia) | ||||||||
6.74%, 12/08/2032(b)(c) | 1,217,000 | 1,259,448 | ||||||
6.75%(b)(d)(e) | 1,036,000 | 1,033,363 | ||||||
Banco Santander S.A. (Spain) | ||||||||
5.59%, 08/08/2028 | 3,200,000 | 3,200,000 | ||||||
6.92%, 08/08/2033 | 1,600,000 | 1,600,000 | ||||||
Bank of America Corp. 6.39% (SOFR + 1.05%), 02/04/2028(f) | 545,000 | 544,075 | ||||||
4.95%, 07/22/2028(d) | 398,000 | 391,756 | ||||||
5.20%, 04/25/2029(c)(d) | 3,412,000 | 3,390,351 | ||||||
4.57%, 04/27/2033(d) | 409,000 | 384,666 | ||||||
5.02%, 07/22/2033(d) | 544,000 | 531,374 | ||||||
5.29%, 04/25/2034(d) | 3,911,000 | 3,882,687 | ||||||
Bank of Montreal (Canada), 5.30%, 06/05/2026 | 1,022,000 | 1,022,867 | ||||||
Bank of Nova Scotia (The) (Canada), 8.63%, 10/27/2082(d) | 1,259,000 | 1,309,848 | ||||||
Barclays PLC (United Kingdom) | ||||||||
7.12%, 06/27/2034(c)(d) | 1,591,000 | 1,613,077 | ||||||
8.00%(c)(d)(e) | 1,692,000 | 1,577,790 | ||||||
Citigroup, Inc. | ||||||||
3.88%(c)(d)(e) | 1,432,000 | 1,249,993 | ||||||
7.38%(c)(d)(e) | 3,073,000 | 3,134,460 | ||||||
3.98%, 03/20/2030(d) | 41,000 | 38,044 | ||||||
2.57%, 06/03/2031(d) | 36,000 | 30,070 | ||||||
6.17%, 05/25/2034(c)(d) | 2,524,000 | 2,565,186 | ||||||
Series A, 9.70%(d)(e) | 248,000 | 249,674 | ||||||
Series P, 5.95%(c)(d)(e) | 330,000 | 320,682 | ||||||
Cooperatieve Rabobank U.A. (Netherlands), 3.65%, 04/06/2028(b)(d) | 652,000 | 606,629 |
See accompanying notes which are an integral part of this schedule.
Invesco Total Return Bond ETF (GTO)–(continued)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
Diversified Banks-(continued) |
| |||||||
Corp. Andina de Fomento (Supranational), 1.25%, 10/26/2024 | $ 2,769,000 | $ | 2,610,843 | |||||
Credit Suisse AG (Switzerland), 3.63%, 09/09/2024 | 734,000 | 712,822 | ||||||
Federation des caisses Desjardins du Quebec (Canada) | ||||||||
5.28%, 01/23/2026(b)(d) | 446,000 | 440,737 | ||||||
4.55%, 08/23/2027(b) | 1,380,000 | 1,339,440 | ||||||
Fifth Third Bancorp | ||||||||
2.38%, 01/28/2025 | 474,000 | 449,655 | ||||||
2.55%, 05/05/2027 | 9,000 | 8,093 | ||||||
1.71%, 11/01/2027(d) | 501,000 | 433,720 | ||||||
6.34%, 07/27/2029(d) | 394,000 | 401,403 | ||||||
4.77%, 07/28/2030(d) | 1,154,000 | 1,086,564 | ||||||
HSBC Holdings PLC (United Kingdom) | ||||||||
5.21%, 08/11/2028(d) | 1,056,000 | 1,035,079 | ||||||
5.40%, 08/11/2033(c)(d) | 1,314,000 | 1,283,149 | ||||||
8.11%, 11/03/2033(d) | 1,291,000 | 1,431,984 | ||||||
6.55%, 06/20/2034(c)(d) | 4,078,000 | 4,079,454 | ||||||
6.33%, 03/09/2044(d) | 1,688,000 | 1,767,065 | ||||||
JPMorgan Chase & Co. | ||||||||
4.32%, 04/26/2028(d) | 332,000 | 321,871 | ||||||
4.85%, 07/25/2028(d) | 422,000 | 416,439 | ||||||
5.30%, 07/24/2029(c)(d) | 2,147,000 | 2,152,762 | ||||||
3.70%, 05/06/2030(d) | 41,000 | 37,736 | ||||||
2.96%, 01/25/2033(d) | 65,000 | 54,876 | ||||||
4.59%, 04/26/2033(d) | 295,000 | 281,623 | ||||||
5.72%, 09/14/2033(c)(d) | 1,031,000 | 1,047,283 | ||||||
5.35%, 06/01/2034(d) | 3,937,000 | 3,966,826 | ||||||
KeyBank N.A. | ||||||||
3.30%, 06/01/2025 | 590,000 | 552,265 | ||||||
4.15%, 08/08/2025 | 330,000 | 315,936 | ||||||
5.85%, 11/15/2027(c) | 571,000 | 560,203 | ||||||
KeyCorp | ||||||||
3.88%, 05/23/2025(d) | 736,000 | 693,097 | ||||||
2.55%, 10/01/2029(c) | 473,000 | 381,116 | ||||||
Manufacturers & Traders Trust Co. | ||||||||
2.90%, 02/06/2025 | 1,255,000 | 1,195,026 | ||||||
4.70%, 01/27/2028 | 1,298,000 | 1,240,836 | ||||||
Mitsubishi UFJ Financial Group, Inc. (Japan) | ||||||||
5.02%, 07/20/2028(c)(d) | 1,079,000 | 1,058,895 | ||||||
5.24%, 04/19/2029(d) | 718,000 | 707,822 | ||||||
1.80%, 07/20/2033(d) | 1,002,000 | 983,207 | ||||||
5.41%, 04/19/2034(c)(d) | 742,000 | 738,709 | ||||||
Mizuho Financial Group, Inc. (Japan) | ||||||||
5.78%, 07/06/2029(d) | 970,000 | 974,892 | ||||||
5.67%, 09/13/2033(d) | 1,275,000 | 1,280,817 | ||||||
5.75%, 07/06/2034(d) | 2,366,000 | 2,379,442 | ||||||
Multibank, Inc. (Panama), 7.75%, 02/03/2028(b) | 1,152,000 | 1,165,018 | ||||||
National Securities Clearing Corp. | ||||||||
5.10%, 11/21/2027(b) | 1,359,000 | 1,365,196 | ||||||
5.00%, 05/30/2028(b) | 810,000 | 808,670 |
Principal Amount | Value | |||||||
Diversified Banks-(continued) |
| |||||||
PNC Financial Services Group, Inc. (The) | ||||||||
5.58%, 06/12/2029(c)(d) | $ 2,346,000 | $ | 2,351,763 | |||||
4.63%, 06/06/2033(d) | 607,000 | 556,182 | ||||||
6.04%, 10/28/2033(d) | 526,000 | 541,111 | ||||||
5.07%, 01/24/2034(c)(d) | 723,000 | 697,816 | ||||||
Series V, 6.20%(c)(d)(e) | 831,000 | 801,915 | ||||||
Series W, 6.25%(d)(e) | 1,395,000 | 1,279,106 | ||||||
Royal Bank of Canada (Canada) 6.02% (SOFR + 0.71%), 01/21/2027(f) | 520,000 | 512,571 | ||||||
5.00%, 02/01/2033 | 893,000 | 877,696 | ||||||
Standard Chartered PLC (United Kingdom) | ||||||||
6.19%, 07/06/2027(b)(d) | 923,000 | 931,982 | ||||||
2.68%, 06/29/2032(b)(d) | 810,000 | 644,277 | ||||||
6.30%, 07/06/2034(b)(d) | 988,000 | 1,007,313 | ||||||
4.30%(b)(d)(e) | 1,362,000 | 1,066,991 | ||||||
7.75%(b)(c)(d)(e) | 2,112,000 | 2,107,354 | ||||||
Sumitomo Mitsui Financial Group, Inc. (Japan) | ||||||||
2.13%, 07/08/2030 | 594,000 | 482,761 | ||||||
5.77%, 01/13/2033 | 2,097,000 | 2,150,886 | ||||||
6.18%, 07/13/2043 | 663,000 | 690,542 | ||||||
Sumitomo Mitsui Trust Bank Ltd. (Japan), 5.65%, 03/09/2026(b) | 755,000 | 757,447 | ||||||
Synovus Bank, 5.63%, 02/15/2028 | 1,230,000 | 1,148,246 | ||||||
Toronto-Dominion Bank (The) (Canada), 8.13%, 10/31/2082(d) | 1,317,000 | 1,356,247 | ||||||
U.S. Bancorp | ||||||||
4.55%, 07/22/2028(d) | 421,000 | 405,176 | ||||||
5.78%, 06/12/2029(c)(d) | 1,801,000 | 1,808,481 | ||||||
4.97%, 07/22/2033(d) | 345,000 | 318,786 | ||||||
5.85%, 10/21/2033(d) | 697,000 | 706,268 | ||||||
4.84%, 02/01/2034(c)(d) | 1,516,000 | 1,424,390 | ||||||
5.84%, 06/12/2034(d) | 1,794,000 | 1,819,837 | ||||||
Wells Fargo & Co. | ||||||||
4.81%, 07/25/2028(d) | 244,000 | 238,102 | ||||||
4.15%, 01/24/2029 | 50,000 | 47,467 | ||||||
5.57%, 07/25/2029(d) | 1,479,000 | 1,487,395 | ||||||
4.90%, 07/25/2033(d) | 240,000 | 230,139 | ||||||
5.39%, 04/24/2034(d) | 799,000 | 793,078 | ||||||
5.56%, 07/25/2034(d) | 3,893,000 | 3,909,839 | ||||||
4.61%, 04/25/2053(d) | 362,000 | 318,407 | ||||||
7.63%(c)(d)(e) | 1,545,000 | 1,592,339 | ||||||
|
| |||||||
107,022,219 | ||||||||
|
| |||||||
Diversified Capital Markets-0.14% |
| |||||||
Credit Suisse Group AG (Switzerland) | ||||||||
4.50%(b)(d)(e)(g) | 332,000 | 19,920 | ||||||
5.25%(b)(d)(e)(g) | 271,000 | 16,260 | ||||||
UBS Group AG (Switzerland) | ||||||||
5.71%, 01/12/2027(b)(c)(d) | 491,000 | 490,479 | ||||||
4.75%, 05/12/2028(b)(d) | 916,000 | 878,512 | ||||||
|
| |||||||
1,405,171 | ||||||||
|
| |||||||
Diversified Chemicals-0.69% |
| |||||||
Braskem Netherlands Finance B.V. (Brazil), 7.25%, 02/13/2033(b)(c) | 970,000 | 956,406 |
See accompanying notes which are an integral part of this schedule.
Invesco Total Return Bond ETF (GTO)–(continued)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
Diversified Chemicals-(continued) | ||||||||
Sasol Financing USA LLC (South Africa) | ||||||||
4.38%, 09/18/2026 | $ 1,785,000 | $ | 1,615,532 | |||||
8.75%, 05/03/2029(b) | 1,625,000 | 1,626,827 | ||||||
5.50%, 03/18/2031 | 3,250,000 | 2,681,282 | ||||||
|
| |||||||
6,880,047 | ||||||||
|
| |||||||
Diversified Financial Services-0.75% |
| |||||||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland) | ||||||||
4.50%, 09/15/2023 | 150,000 | 149,686 | ||||||
1.75%, 01/30/2026(c) | 408,000 | 368,826 | ||||||
5.75%, 06/06/2028(c) | 1,837,000 | 1,831,601 | ||||||
AMC East Communities LLC, 6.01%, 01/15/2053(b) | 183,721 | 170,920 | ||||||
Mid-Atlantic Military Family Communities LLC, 5.30%, 08/01/2050(b) | 218,120 | 184,457 | ||||||
OPEC Fund for International Development (The) (Supranational), 4.50%, 01/26/2026(b) | 1,730,000 | 1,700,815 | ||||||
Pacific Beacon LLC | ||||||||
5.38%, 07/15/2026(b) | 44,163 | 43,720 | ||||||
5.51%, 07/15/2036(b) | 500,000 | 468,946 | ||||||
Pershing Square Holdings Ltd. | ||||||||
3.25%, 11/15/2030(b) | 1,000,000 | 780,000 | ||||||
3.25%, 10/01/2031(b) | 2,300,000 | 1,742,926 | ||||||
|
| |||||||
7,441,897 | ||||||||
|
| |||||||
Diversified Metals & Mining-0.20% |
| |||||||
Corp. Nacional del Cobre de Chile (Chile), 5.13%, 02/02/2033(b) | 674,000 | 665,682 | ||||||
Rio Tinto Finance (USA) PLC (Australia), 5.13%, 03/09/2053(c) | 1,299,000 | 1,304,582 | ||||||
|
| |||||||
1,970,264 | ||||||||
|
| |||||||
Diversified REITs-0.11% |
| |||||||
Atlantic Marine Corps Communities LLC, 5.34%, 12/01/2050(b) | 91,631 | 80,235 | ||||||
CubeSmart L.P., 2.25%, 12/15/2028 | 36,000 | 30,541 | ||||||
Fort Benning Family Communities LLC, 5.81%, 01/15/2051(b) | 200,000 | 183,577 | ||||||
Trust Fibra Uno (Mexico), 4.87%, 01/15/2030(b) | 880,000 | 798,833 | ||||||
|
| |||||||
1,093,186 | ||||||||
|
| |||||||
Diversified Support Services-0.12% |
| |||||||
Ritchie Bros. Holdings, Inc. (Canada) | ||||||||
6.75%, 03/15/2028(b) | 253,000 | 256,479 | ||||||
7.75%, 03/15/2031(b)(c) | 911,000 | 950,586 | ||||||
|
| |||||||
1,207,065 | ||||||||
|
| |||||||
Drug Retail-0.32% |
| |||||||
CK Hutchison International (23) Ltd. (United Kingdom) | ||||||||
4.75%, 04/21/2028(b) | 1,685,000 | 1,662,952 | ||||||
4.88%, 04/21/2033(b) | 1,575,000 | 1,552,260 | ||||||
|
| |||||||
3,215,212 | ||||||||
|
|
Principal Amount | Value | |||||||
Education Services-0.17% | ||||||||
Grand Canyon University, 3.25%, 10/01/2023 | $ 1,235,000 | $ | 1,219,562 | |||||
Johns Hopkins University (The), Series A, 4.71%, 07/01/2032 | 424,000 | 424,650 | ||||||
|
| |||||||
1,644,212 | ||||||||
|
| |||||||
Electric Utilities-2.17% |
| |||||||
American Electric Power Co., Inc. | ||||||||
5.75%, 11/01/2027 | 381,000 | 390,665 | ||||||
3.88%, 02/15/2062(d) | 444,000 | 360,475 | ||||||
Commonwealth Edison Co., Series 127, 3.20%, 11/15/2049 | 30,000 | 21,224 | ||||||
Duke Energy Carolinas LLC, 5.35%, 01/15/2053 | 620,000 | 623,539 | ||||||
Duke Energy Corp., 5.00%, 08/15/2052 | 496,000 | 451,353 | ||||||
Duke Energy Indiana LLC, 5.40%, 04/01/2053 | 837,000 | 842,302 | ||||||
Electricite de France S.A. (France) | ||||||||
5.70%, 05/23/2028(b) | 336,000 | 338,511 | ||||||
9.13%(b)(d)(e) | 957,000 | 1,008,439 | ||||||
Enel Finance International N.V. (Italy), 6.80%, 10/14/2025(b)(c) | 1,072,000 | 1,095,261 | ||||||
Evergy Metro, Inc., 4.95%, 04/15/2033 | 428,000 | 420,427 | ||||||
Exelon Corp., 5.60%, 03/15/2053 | 711,000 | 711,004 | ||||||
Florida Power & Light Co., 4.80%, 05/15/2033 | 466,000 | 462,226 | ||||||
Georgia Power Co. | ||||||||
4.65%, 05/16/2028(c) | 1,217,000 | 1,196,880 | ||||||
4.95%, 05/17/2033 | 1,300,000 | 1,281,944 | ||||||
Mercury Chile Holdco LLC (Chile), 6.50%, 01/24/2027(b) | 4,464,000 | 4,150,368 | ||||||
Metropolitan Edison Co., 5.20%, 04/01/2028(b) | 237,000 | 235,726 | ||||||
National Rural Utilities Cooperative Finance Corp. | ||||||||
5.80%, 01/15/2033(c) | 279,000 | 291,475 | ||||||
7.13%, 09/15/2053(d) | 1,207,000 | 1,218,778 | ||||||
NextEra Energy Capital Holdings, Inc. | ||||||||
6.05%, 03/01/2025 | 721,000 | 726,538 | ||||||
4.63%, 07/15/2027 | 456,000 | 448,303 | ||||||
Oklahoma Gas and Electric Co., 5.60%, 04/01/2053 | 417,000 | 425,737 | ||||||
PECO Energy Co., 4.90%, 06/15/2033 | 816,000 | 812,643 | ||||||
Public Service Co. of Colorado, 5.25%, 04/01/2053 | 647,000 | 620,296 | ||||||
Public Service Electric and Gas Co., 5.13%, 03/15/2053(c) | 408,000 | 414,030 | ||||||
San Diego Gas & Electric Co., 5.35%, 04/01/2053 | 1,506,000 | 1,499,921 | ||||||
Southern Co. (The), 5.70%, 10/15/2032(c) | 304,000 | 313,918 | ||||||
Southwestern Electric Power Co., 5.30%, 04/01/2033 | 567,000 | 561,368 | ||||||
Virginia Electric and Power Co., 5.00%, 04/01/2033(c) | 616,000 | 610,759 | ||||||
|
| |||||||
21,534,110 | ||||||||
|
|
See accompanying notes which are an integral part of this schedule.
Invesco Total Return Bond ETF (GTO)–(continued)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
Electrical Components & Equipment-0.61% |
| |||||||
CenterPoint Energy Houston Electric LLC | ||||||||
Series AI, 4.45%, 10/01/2032 | $ 515,000 | $ | 494,868 | |||||
Series AJ, 4.85%, 10/01/2052 | 390,000 | 368,311 | ||||||
Regal Rexnord Corp. | ||||||||
6.05%, 04/15/2028(b) | 956,000 | 950,806 | ||||||
6.30%, 02/15/2030(b) | 370,000 | 369,636 | ||||||
6.40%, 04/15/2033(b) | 1,547,000 | 1,544,011 | ||||||
Sensata Technologies B.V. | ||||||||
4.00%, 04/15/2029(b) | 2,179,000 | 1,927,480 | ||||||
5.88%, 09/01/2030(b)(c) | 411,000 | 396,442 | ||||||
|
| |||||||
6,051,554 | ||||||||
|
| |||||||
Electronic Manufacturing Services-0.26% |
| |||||||
Emerald Debt Merger Sub LLC, 6.63%, 12/15/2030(b) | 2,620,000 | 2,606,900 | ||||||
|
| |||||||
Environmental & Facilities Services-0.12% |
| |||||||
Clean Harbors, Inc., 6.38%, 02/01/2031(b) | 639,000 | 642,631 | ||||||
Republic Services, Inc. | ||||||||
4.88%, 04/01/2029 | 207,000 | 206,367 | ||||||
5.00%, 04/01/2034 | 380,000 | 377,895 | ||||||
|
| |||||||
1,226,893 | ||||||||
|
| |||||||
Financial Exchanges & Data-0.45% |
| |||||||
B3 S.A. - Brasil, Bolsa, Balcao (Brazil), 4.13%, 09/20/2031(b) | 505,000 | 432,406 | ||||||
Intercontinental Exchange, Inc. | ||||||||
4.00%, 09/15/2027 | 230,000 | 223,123 | ||||||
4.60%, 03/15/2033 | 227,000 | 217,942 | ||||||
4.95%, 06/15/2052 | 315,000 | 302,501 | ||||||
5.20%, 06/15/2062 | 751,000 | 737,565 | ||||||
Moody’s Corp. | ||||||||
3.75%, 02/25/2052 | 123,000 | 96,064 | ||||||
3.10%, 11/29/2061 | 230,000 | 148,073 | ||||||
Nasdaq, Inc. | ||||||||
5.35%, 06/28/2028 | 435,000 | 435,999 | ||||||
5.55%, 02/15/2034 | 794,000 | 801,479 | ||||||
5.95%, 08/15/2053 | 328,000 | 334,931 | ||||||
6.10%, 06/28/2063 | 761,000 | 769,019 | ||||||
|
| |||||||
4,499,102 | ||||||||
|
| |||||||
Gas Utilities-0.14% |
| |||||||
Piedmont Natural Gas Co., Inc., 5.40%, 06/15/2033 | 956,000 | 954,099 | ||||||
Southwest Gas Corp., 5.45%, 03/23/2028 | 403,000 | 401,405 | ||||||
|
| |||||||
1,355,504 | ||||||||
|
| |||||||
Health Care Distributors-0.06% |
| |||||||
McKesson Corp., 5.10%, 07/15/2033 | 603,000 | 605,366 | ||||||
|
| |||||||
Health Care Equipment-0.20% |
| |||||||
Becton, Dickinson and Co., 4.69%, 02/13/2028(c) | 448,000 | 443,279 | ||||||
Medtronic Global Holdings S.C.A., 4.25%, 03/30/2028 | 1,617,000 | 1,582,108 | ||||||
|
| |||||||
2,025,387 | ||||||||
|
| |||||||
Health Care Facilities-0.27% |
| |||||||
HCA, Inc., 5.90%, 06/01/2053 | 1,434,000 | 1,410,418 |
Principal Amount | Value | |||||||
Health Care Facilities-(continued) |
| |||||||
UPMC | ||||||||
5.04%, 05/15/2033 | $ 1,006,000 | $ | 991,380 | |||||
5.38%, 05/15/2043 | 335,000 | 327,659 | ||||||
|
| |||||||
2,729,457 | ||||||||
|
| |||||||
Health Care REITs-0.00% |
| |||||||
Healthcare Realty Holdings L.P., 2.00%, 03/15/2031 | 14,000 | 10,748 | ||||||
|
| |||||||
Health Care Services-0.64% |
| |||||||
CVS Health Corp. | ||||||||
5.00%, 01/30/2029 | 1,211,000 | 1,206,128 | ||||||
5.25%, 01/30/2031(c) | 284,000 | 284,156 | ||||||
5.30%, 06/01/2033(c) | 1,436,000 | 1,435,038 | ||||||
5.88%, 06/01/2053(c) | 523,000 | 530,915 | ||||||
6.00%, 06/01/2063 | 546,000 | 555,338 | ||||||
Piedmont Healthcare, Inc. | ||||||||
2.86%, 01/01/2052 | 1,611,000 | 1,022,908 | ||||||
Series 2032, 2.04%, 01/01/2032 | 1,029,000 | 805,535 | ||||||
Series 2042, 2.72%, 01/01/2042 | 806,000 | 546,979 | ||||||
|
| |||||||
6,386,997 | ||||||||
|
| |||||||
Highways & Railtracks-0.03% |
| |||||||
TransJamaican Highway Ltd. (Jamaica), 5.75%, 10/10/2036(b) | 363,998 | 300,253 | ||||||
|
| |||||||
Home Improvement Retail-0.42% |
| |||||||
Lowe’s Cos., Inc. | ||||||||
5.00%, 04/15/2033(c) | 631,000 | 625,224 | ||||||
5.15%, 07/01/2033 | 1,102,000 | 1,101,746 | ||||||
5.75%, 07/01/2053 | 333,000 | 338,878 | ||||||
5.80%, 09/15/2062 | 130,000 | 129,148 | ||||||
5.85%, 04/01/2063 | 1,922,000 | 1,931,275 | ||||||
|
| |||||||
4,126,271 | ||||||||
|
| |||||||
Homebuilding-0.03% |
| |||||||
Lennar Corp., 4.75%, 11/29/2027 | 283,000 | 275,952 | ||||||
|
| |||||||
Hotels, Resorts & Cruise Lines-0.09% |
| |||||||
Marriott International, Inc., 4.90%, 04/15/2029 | 875,000 | 858,601 | ||||||
|
| |||||||
Independent Power Producers & Energy Traders-0.15% |
| |||||||
AES Corp. (The), 2.45%, 01/15/2031 | 32,000 | 26,110 | ||||||
EnfraGen Energia Sur S.A./EnfraGen Spain S.A./Prime Energia S.p.A. (Colombia), 5.38%, 12/30/2030(b) | 1,137,000 | 752,990 | ||||||
Vistra Corp., 7.00%(b)(d)(e) | 796,000 | 709,156 | ||||||
|
| |||||||
1,488,256 | ||||||||
|
| |||||||
Industrial Conglomerates-0.43% |
| |||||||
Bidvest Group UK PLC (The) (South Africa), 3.63%, 09/23/2026(b) | 931,000 | 842,550 | ||||||
Honeywell International, Inc. | ||||||||
4.25%, 01/15/2029(c) | 1,120,000 | 1,095,922 | ||||||
5.00%, 02/15/2033 | 1,164,000 | 1,183,709 | ||||||
4.50%, 01/15/2034(c) | 1,219,000 | 1,190,517 | ||||||
|
| |||||||
4,312,698 | ||||||||
|
| |||||||
Industrial Machinery & Supplies & Components-0.12% |
| |||||||
nVent Finance S.a.r.l. (United Kingdom), 5.65%, 05/15/2033(c) | 1,256,000 | 1,233,549 | ||||||
|
|
See accompanying notes which are an integral part of this schedule.
Invesco Total Return Bond ETF (GTO)–(continued)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
Industrial REITs-0.63% |
| |||||||
Prologis L.P. | ||||||||
4.88%, 06/15/2028 | $ 935,000 | $ | 930,919 | |||||
2.88%, 11/15/2029 | 110,000 | 96,773 | ||||||
4.63%, 01/15/2033 | 704,000 | 685,729 | ||||||
4.75%, 06/15/2033 | 1,633,000 | 1,588,156 | ||||||
5.13%, 01/15/2034 | 903,000 | 903,449 | ||||||
5.25%, 06/15/2053 | 2,092,000 | 2,067,469 | ||||||
|
| |||||||
6,272,495 | ||||||||
|
| |||||||
Insurance Brokers-0.04% |
| |||||||
Marsh & McLennan Cos., Inc., 5.45%, 03/15/2053 | 385,000 | 391,252 | ||||||
|
| |||||||
Integrated Oil & Gas-0.94% |
| |||||||
BP Capital Markets America, Inc. | ||||||||
4.81%, 02/13/2033 | 1,414,000 | 1,391,657 | ||||||
4.89%, 09/11/2033 | 866,000 | 856,179 | ||||||
Ecopetrol S.A. (Colombia), 8.88%, 01/13/2033 | 2,530,000 | 2,597,263 | ||||||
Occidental Petroleum Corp., 4.63%, 06/15/2045 | 960,000 | 745,104 | ||||||
Petroleos Mexicanos (Mexico) | ||||||||
8.75%, 06/02/2029(c) | 2,074,000 | 1,895,387 | ||||||
6.70%, 02/16/2032 | 1,323,000 | 1,020,605 | ||||||
10.00%, 02/07/2033(b)(c) | 915,000 | 852,933 | ||||||
|
| |||||||
9,359,128 | ||||||||
|
| |||||||
Integrated Telecommunication Services-0.59% |
| |||||||
AT&T, Inc. | ||||||||
6.72% (3 mo. USD LIBOR + 1.18%), 06/12/2024(f) | 10,000 | 10,067 | ||||||
5.40%, 02/15/2034(c) | 1,706,000 | 1,679,029 | ||||||
3.55%, 09/15/2055 | 14,000 | 9,429 | ||||||
British Telecommunications PLC (United Kingdom), 4.25%, 11/23/2081(b)(d) | 1,870,000 | 1,662,965 | ||||||
IHS Holding Ltd. (Nigeria) | ||||||||
5.63%, 11/29/2026(b) | 771,000 | 675,990 | ||||||
6.25%, 11/29/2028(b) | 586,000 | 485,419 | ||||||
Level 3 Financing, Inc., 3.75%, 07/15/2029(b) | 846,000 | 555,514 | ||||||
Sitios Latinoamerica S.A.B. de C.V. (Brazil), 5.38%, 04/04/2032(b) | 789,000 | 721,748 | ||||||
Verizon Communications, Inc., 3.88%, 02/08/2029 | 16,000 | 15,060 | ||||||
|
| |||||||
5,815,221 | ||||||||
|
| |||||||
Interactive Media & Services-0.28% |
| |||||||
Match Group Holdings II LLC, 5.63%, 02/15/2029(b)(c) | 321,000 | 305,298 | ||||||
Meta Platforms, Inc. | ||||||||
4.45%, 08/15/2052 | 542,000 | 473,308 | ||||||
4.65%, 08/15/2062 | 555,000 | 491,340 | ||||||
5.75%, 05/15/2063 | 1,459,000 | 1,514,303 | ||||||
|
| |||||||
2,784,249 | ||||||||
|
| |||||||
Investment Banking & Brokerage-1.43% |
| |||||||
Charles Schwab Corp. (The) | ||||||||
5.64%, 05/19/2029(c)(d) | 1,269,000 | 1,280,928 | ||||||
5.85%, 05/19/2034(c)(d) | 1,268,000 | 1,307,589 | ||||||
Series K, 5.00%(c)(d)(e) | 307,000 | 277,741 |
Principal Amount | Value | |||||||
Investment Banking & Brokerage-(continued) |
| |||||||
Goldman Sachs Group, Inc. (The) 5.99% (SOFR + 0.79%), 12/09/2026(f) | $ 189,000 | $ | 186,586 | |||||
2.62%, 04/22/2032(d) | 25,000 | 20,518 | ||||||
3.21%, 04/22/2042(d) | 28,000 | 20,788 | ||||||
Series V, 4.13%(c)(d)(e) | 746,000 | 635,120 | ||||||
Morgan Stanley | ||||||||
5.12%, 02/01/2029(d) | 437,000 | 432,746 | ||||||
5.16%, 04/20/2029(d) | 3,442,000 | 3,407,033 | ||||||
5.45%, 07/20/2029(d) | 791,000 | 792,967 | ||||||
5.25%, 04/21/2034(d) | 3,848,000 | 3,800,011 | ||||||
5.42%, 07/21/2034(c)(d) | 1,715,000 | 1,714,305 | ||||||
5.95%, 01/19/2038(d) | 350,000 | 348,330 | ||||||
3.22%, 04/22/2042(d) | 19,000 | 14,374 | ||||||
|
| |||||||
14,239,036 | ||||||||
|
| |||||||
Leisure Products-0.06% |
| |||||||
Brunswick Corp., 5.10%, 04/01/2052 | 731,000 | 550,040 | ||||||
|
| |||||||
Life & Health Insurance-1.40% |
| |||||||
Delaware Life Global Funding | ||||||||
Series 21-1, 2.66%, 06/29/2026(b) | 4,125,000 | 3,696,449 | ||||||
Series 22-1, 3.31%, 03/10/2025(b) | 2,375,000 | 2,226,943 | ||||||
F&G Annuities & Life, Inc., 7.40%, 01/13/2028(b) | 750,000 | 753,711 | ||||||
MAG Mutual Holding Co., 4.75%, 04/30/2041(b)(h) | 3,179,000 | 2,599,023 | ||||||
MetLife, Inc. | ||||||||
9.25%, 04/08/2038(b) | 350,000 | 404,728 | ||||||
5.25%, 01/15/2054(c) | 1,111,000 | 1,084,097 | ||||||
Pacific Life Global Funding II, 6.06% (SOFR + 0.80%), 03/30/2025(b)(f) | 1,378,000 | 1,379,447 | ||||||
Penn Mutual Life Insurance Co. (The), 3.80%, 04/29/2061(b) | 37,000 | 24,815 | ||||||
Principal Financial Group, Inc. | ||||||||
5.38%, 03/15/2033 | 784,000 | 783,966 | ||||||
5.50%, 03/15/2053 | 1,045,000 | 992,767 | ||||||
|
| |||||||
13,945,946 | ||||||||
|
| |||||||
Managed Health Care-0.72% |
| |||||||
Kaiser Foundation Hospitals | ||||||||
Series 2021, 2.81%, 06/01/2041 | 1,420,000 | 1,031,982 | ||||||
Series 2021, 3.00%, 06/01/2051 | 1,757,000 | 1,219,014 | ||||||
UnitedHealth Group, Inc. | ||||||||
5.25%, 02/15/2028(c) | 542,000 | 554,738 | ||||||
4.25%, 01/15/2029 | 629,000 | 613,950 | ||||||
4.00%, 05/15/2029(c) | 606,000 | 583,815 | ||||||
5.30%, 02/15/2030 | 921,000 | 945,490 | ||||||
5.35%, 02/15/2033(c) | 793,000 | 822,067 | ||||||
4.50%, 04/15/2033 | 286,000 | 278,738 | ||||||
5.05%, 04/15/2053 | 606,000 | 596,505 | ||||||
5.20%, 04/15/2063 | 501,000 | 494,175 | ||||||
|
| |||||||
7,140,474 | ||||||||
|
| |||||||
Movies & Entertainment-0.14% |
| |||||||
Warnermedia Holdings, Inc. | ||||||||
5.05%, 03/15/2042 | 613,000 | 509,931 | ||||||
5.14%, 03/15/2052 | 442,000 | 359,513 | ||||||
5.39%, 03/15/2062 | 666,000 | 542,107 | ||||||
|
| |||||||
1,411,551 | ||||||||
|
|
See accompanying notes which are an integral part of this schedule.
Invesco Total Return Bond ETF (GTO)–(continued)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
Multi-Family Residential REITs-0.00% |
| |||||||
Mid-America Apartments L.P., 2.88%, 09/15/2051 | $ 16,000 | $ | 10,271 | |||||
|
| |||||||
Multi-line Insurance-0.23% | ||||||||
Metropolitan Life Global Funding I, 5.15%, 03/28/2033(b) | 1,441,000 | 1,431,591 | ||||||
New York Life Global Funding, 4.55%, 01/28/2033(b) | 905,000 | 869,294 | ||||||
|
| |||||||
2,300,885 | ||||||||
|
| |||||||
Multi-Utilities-0.27% | ||||||||
Ameren Illinois Co., 4.95%, 06/01/2033 | 738,000 | 732,920 | ||||||
Dominion Energy, Inc., 5.38%, 11/15/2032(c) | 919,000 | 921,166 | ||||||
NiSource, Inc., 5.25%, 03/30/2028 | 277,000 | 277,653 | ||||||
WEC Energy Group, Inc. | ||||||||
5.15%, 10/01/2027 | 402,000 | 402,102 | ||||||
4.75%, 01/15/2028 | 357,000 | 351,443 | ||||||
|
| |||||||
2,685,284 | ||||||||
|
| |||||||
Office REITs-0.85% | ||||||||
Boston Properties L.P. | ||||||||
2.90%, 03/15/2030 | 399,000 | 326,162 | ||||||
3.25%, 01/30/2031 | 251,000 | 207,098 | ||||||
2.55%, 04/01/2032 | 475,000 | 362,030 | ||||||
2.45%, 10/01/2033(c) | 478,000 | 345,984 | ||||||
Brandywine Operating Partnership L.P., 7.55%, 03/15/2028(c) | 726,000 | 668,891 | ||||||
Office Properties Income Trust, 4.25%, 05/15/2024 | 602,000 | 567,517 | ||||||
Piedmont Operating Partnership L.P. | ||||||||
9.25%, 07/20/2028 | 5,790,000 | 5,948,231 | ||||||
3.15%, 08/15/2030 | 18,000 | 13,325 | ||||||
|
| |||||||
8,439,238 | ||||||||
|
| |||||||
Oil & Gas Drilling-0.13% | ||||||||
Valaris Ltd., 8.38%, 04/30/2030(b)(c) | 1,234,000 | 1,263,739 | ||||||
Oil & Gas Equipment & Services-0.13% | ||||||||
Enerflex Ltd. (Canada), 9.00%, 10/15/2027(b) | 728,000 | 733,358 | ||||||
Petrofac Ltd. (United Kingdom), 9.75%, 11/15/2026(b) | 734,000 | 569,683 | ||||||
|
| |||||||
1,303,041 | ||||||||
|
| |||||||
Oil & Gas Exploration & Production-0.69% |
| |||||||
Apache Corp., 7.75%, 12/15/2029 | 532,000 | 549,838 | ||||||
Baytex Energy Corp. (Canada), 8.50%, 04/30/2030(b) | 854,000 | 866,153 | ||||||
Civitas Resources, Inc. | ||||||||
8.38%, 07/01/2028(b) | 959,000 | 987,588 | ||||||
8.75%, 07/01/2031(b) | 993,000 | 1,028,996 | ||||||
Murphy Oil Corp., 6.38%, 07/15/2028(c) | 592,000 | 589,939 | ||||||
Rockcliff Energy II LLC, 5.50%, 10/15/2029(b) | 1,058,000 | 969,828 | ||||||
Transocean Titan Financing Ltd., 8.38%, 02/01/2028(b) | 740,000 | 764,816 | ||||||
Uzbekneftegaz JSC (Uzbekistan), 4.75%, 11/16/2028(b) | 1,278,000 | 1,070,747 | ||||||
|
| |||||||
6,827,905 | ||||||||
|
|
Principal Amount | Value | |||||||
Oil & Gas Refining & Marketing-0.31% |
| |||||||
Cosan Luxembourg S.A. (Brazil), 7.50%, 06/27/2030(b) | $ 1,975,000 | $ | 1,987,186 | |||||
Phillips 66 Co., 5.30%, 06/30/2033(c) | 1,089,000 | 1,089,008 | ||||||
|
| |||||||
3,076,194 | ||||||||
|
| |||||||
Oil & Gas Storage & Transportation-1.25% |
| |||||||
Cheniere Energy Partners L.P., 5.95%, 06/30/2033(b) | 896,000 | 907,774 | ||||||
Enbridge, Inc. (Canada) | ||||||||
5.77% (SOFR + 0.63%), 02/16/2024(f) | 719,000 | 719,376 | ||||||
5.70%, 03/08/2033 | 999,000 | 1,013,204 | ||||||
7.38%, 01/15/2083(d) | 631,000 | 625,661 | ||||||
7.63%, 01/15/2083(d) | 512,000 | 518,605 | ||||||
Energy Transfer L.P. | ||||||||
5.50%, 06/01/2027 | 261,000 | 261,005 | ||||||
5.80%, 06/15/2038 | 4,000 | 3,849 | ||||||
6.00%, 06/15/2048 | 4,000 | 3,808 | ||||||
Genesis Energy L.P./Genesis Energy Finance Corp., 8.88%, 04/15/2030 | 460,000 | 459,360 | ||||||
GreenSaif Pipelines Bidco S.a.r.l. (Saudi Arabia) | ||||||||
6.13%, 02/23/2038(b) | 770,000 | 792,938 | ||||||
6.51%, 02/23/2042(b) | 970,000 | 1,005,067 | ||||||
Kinder Morgan, Inc. | ||||||||
7.80%, 08/01/2031 | 212,000 | 241,064 | ||||||
4.80%, 02/01/2033 | 358,000 | 339,658 | ||||||
5.20%, 06/01/2033(c) | 972,000 | 949,605 | ||||||
5.45%, 08/01/2052(c) | 753,000 | 696,268 | ||||||
MPLX L.P. | ||||||||
5.00%, 03/01/2033 | 611,000 | 587,437 | ||||||
4.95%, 03/14/2052(c) | 383,000 | 325,716 | ||||||
Targa Resources Corp., 6.25%, 07/01/2052 | 306,000 | 304,239 | ||||||
TMS Issuer S.a.r.l. (Saudi Arabia), 5.78%, 08/23/2032(b) | 400,000 | 410,000 | ||||||
Western Midstream Operating L.P., 6.15%, 04/01/2033(c) | 1,149,000 | 1,166,384 | ||||||
Williams Cos., Inc. (The), 5.65%, 03/15/2033(c) | 1,022,000 | 1,039,091 | ||||||
|
| |||||||
12,370,109 | ||||||||
|
| |||||||
Other Specialty Retail-0.04% | ||||||||
Tractor Supply Co., 5.25%, 05/15/2033(c) | 426,000 | 421,360 | ||||||
|
| |||||||
Packaged Foods & Meats-0.41% | ||||||||
Mars, Inc. | ||||||||
4.55%, 04/20/2028(b)(c) | 1,657,000 | 1,629,985 | ||||||
4.65%, 04/20/2031(b) | 815,000 | 805,089 | ||||||
McCormick & Co., Inc., 4.95%, 04/15/2033(c) | 407,000 | 399,985 | ||||||
Minerva Luxembourg S.A. (Brazil), 4.38%, 03/18/2031(b) | 1,465,000 | 1,196,905 | ||||||
|
| |||||||
4,031,964 | ||||||||
|
| |||||||
Paper & Plastic Packaging Products & Materials-0.02% |
| |||||||
Berry Global, Inc., 4.88%, 07/15/2026(b) | 177,000 | 171,340 | ||||||
|
|
See accompanying notes which are an integral part of this schedule.
Invesco Total Return Bond ETF (GTO)–(continued)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
Passenger Airlines-0.58% | ||||||||
American Airlines Pass-Through Trust | ||||||||
Series 2021-1, Class A, 2.88%, 07/11/2034 | $ 399,371 | $ | 333,623 | |||||
Series 2021-1, Class B, 3.95%, 07/11/2030 | 2,130,310 | 1,849,152 | ||||||
British Airways Pass-Through Trust (United Kingdom) | ||||||||
Series 2019-1, Class AA, 3.30%, 12/15/2032(b) | 108,007 | 94,334 | ||||||
Series 2021-1, Class A, 2.90%, 03/15/2035(b) | 853,555 | 721,470 | ||||||
Delta Air Lines, Inc./SkyMiles IP Ltd. | ||||||||
4.50%, 10/20/2025(b) | 335,516 | 328,962 | ||||||
4.75%, 10/20/2028(b) | 229,745 | 222,547 | ||||||
United Airlines Pass-Through Trust | ||||||||
5.80%, 07/15/2037 | 2,052,000 | 2,093,993 | ||||||
Series 2020-1, Class A, 5.88%, 10/15/2027 | 120,862 | 120,413 | ||||||
|
| |||||||
5,764,494 | ||||||||
|
| |||||||
Personal Care Products-0.48% | ||||||||
Kenvue, Inc. | ||||||||
5.05%, 03/22/2028(b) | 546,000 | 551,064 | ||||||
5.00%, 03/22/2030(b)(c) | 1,021,000 | 1,030,987 | ||||||
4.90%, 03/22/2033(b) | 1,548,000 | 1,559,563 | ||||||
5.10%, 03/22/2043(b)(c) | 531,000 | 533,110 | ||||||
5.05%, 03/22/2053(b)(c) | 607,000 | 610,836 | ||||||
5.20%, 03/22/2063(b) | 515,000 | 520,133 | ||||||
|
| |||||||
4,805,693 | ||||||||
|
| |||||||
Pharmaceuticals-1.65% | ||||||||
Eli Lilly and Co., 4.88%, 02/27/2053(c) . | 467,000 | 472,834 | ||||||
Mayo Clinic, Series 2021, 3.20%, 11/15/2061 | 353,000 | 242,511 | ||||||
Merck & Co., Inc. | ||||||||
4.05%, 05/17/2028(c) | 1,186,000 | 1,167,116 | ||||||
4.30%, 05/17/2030(c) | 2,780,000 | 2,717,689 | ||||||
4.90%, 05/17/2044 | 2,261,000 | 2,241,130 | ||||||
5.00%, 05/17/2053 | 610,000 | 612,428 | ||||||
5.15%, 05/17/2063 | 384,000 | 388,204 | ||||||
Pfizer Investment Enterprises Pte. Ltd. | ||||||||
4.45%, 05/19/2026 | 2,975,000 | 2,939,871 | ||||||
4.45%, 05/19/2028 | 1,722,000 | 1,693,386 | ||||||
4.75%, 05/19/2033 | 1,240,000 | 1,232,279 | ||||||
5.30%, 05/19/2053 | 2,643,000 | 2,717,814 | ||||||
|
| |||||||
16,425,262 | ||||||||
|
| |||||||
Property & Casualty Insurance-0.08% | ||||||||
Fairfax Financial Holdings Ltd. (Canada), 3.38%, 03/03/2031 | 206,000 | 174,782 | ||||||
Travelers Cos., Inc. (The), 5.45%, 05/25/2053(c) | 577,000 | 602,461 | ||||||
|
| |||||||
777,243 | ||||||||
|
| |||||||
Rail Transportation-0.70% | ||||||||
Burlington Northern Santa Fe LLC, 5.20%, 04/15/2054 | 1,488,000 | 1,496,405 | ||||||
Canadian Pacific Railway Co. (Canada), 6.13%, 09/15/2115 | 253,000 | 259,632 | ||||||
CSX Corp. | ||||||||
6.15%, 05/01/2037 | 665,000 | 719,563 | ||||||
4.50%, 11/15/2052 | 544,000 | 485,822 |
Principal Amount | Value | |||||||
Rail Transportation-(continued) | ||||||||
Norfolk Southern Corp. | ||||||||
5.05%, 08/01/2030 | $ 1,364,000 | $ | 1,361,217 | |||||
5.35%, 08/01/2054 | 1,245,000 | 1,237,729 | ||||||
Union Pacific Corp. | ||||||||
4.50%, 01/20/2033(c) | 717,000 | 701,882 | ||||||
5.15%, 01/20/2063 | 724,000 | 724,797 | ||||||
|
| |||||||
6,987,047 | ||||||||
|
| |||||||
Real Estate Development-0.04% | ||||||||
Agile Group Holdings Ltd. (China) | ||||||||
5.75%, 01/02/2025(b) | 208,000 | 52,749 | ||||||
5.50%, 04/21/2025(b) | 874,000 | 191,606 | ||||||
Logan Group Co. Ltd. (China) | ||||||||
4.25%, 07/12/2025(b) | 725,000 | 67,214 | ||||||
4.50%, 01/13/2028(b) | 250,000 | 23,785 | ||||||
Sino-Ocean Land Treasure Finance I Ltd. (China), 6.00%, 07/30/2024(b) | 530,000 | 66,846 | ||||||
|
| |||||||
402,200 | ||||||||
|
| |||||||
Regional Banks-0.90% | ||||||||
Citizens Financial Group, Inc. | ||||||||
4.30%, 12/03/2025 | 270,000 | 254,311 | ||||||
2.50%, 02/06/2030 | 18,000 | 14,434 | ||||||
5.64%, 05/21/2037(d) | 481,000 | 432,679 | ||||||
Series G, 4.00%(d)(e) | 1,481,000 | 1,149,626 | ||||||
M&T Bank Corp., 5.05%, 01/27/2034(c)(d) | 665,000 | 625,535 | ||||||
Morgan Stanley Bank N.A., 4.75%, 04/21/2026 | 1,048,000 | 1,035,609 | ||||||
Truist Financial Corp. | ||||||||
6.05%, 06/08/2027(d) | 1,296,000 | 1,299,133 | ||||||
4.87%, 01/26/2029(d) | 715,000 | 691,720 | ||||||
4.92%, 07/28/2033(d) | 936,000 | 857,444 | ||||||
6.12%, 10/28/2033(d) | 518,000 | 531,525 | ||||||
5.12%, 01/26/2034(c)(d) | 679,000 | 649,313 | ||||||
5.87%, 06/08/2034(d) | 1,391,000 | 1,404,026 | ||||||
|
| |||||||
8,945,355 | ||||||||
|
| |||||||
Reinsurance-0.41% | ||||||||
Global Atlantic Fin Co., 4.70%, 10/15/2051(b)(d) | 1,648,000 | 1,189,209 | ||||||
RenaissanceRe Holdings Ltd. (Bermuda), 5.75%, 06/05/2033 | 2,915,000 | 2,878,473 | ||||||
|
| |||||||
4,067,682 | ||||||||
|
| |||||||
Restaurants-0.20% | ||||||||
Arcos Dorados B.V. (Brazil), 6.13%, 05/27/2029(b) | 1,363,000 | 1,320,233 | ||||||
McDonald’s Corp., 5.15%, 09/09/2052(c) | 639,000 | 633,333 | ||||||
|
| |||||||
1,953,566 | ||||||||
|
| |||||||
Retail REITs-0.05% | ||||||||
Agree L.P., 2.00%, 06/15/2028 | 28,000 | 23,429 | ||||||
Kimco Realty OP LLC, 2.70%, 10/01/2030 | 14,000 | 11,613 | ||||||
Kite Realty Group Trust, 4.75%, 09/15/2030 | 36,000 | 32,976 | ||||||
Realty Income Corp. | ||||||||
2.20%, 06/15/2028 | 16,000 | 13,925 | ||||||
5.63%, 10/13/2032 | 360,000 | 365,996 |
See accompanying notes which are an integral part of this schedule.
Invesco Total Return Bond ETF (GTO)–(continued)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
Retail REITs-(continued) | ||||||||
Spirit Realty L.P. | ||||||||
2.10%, 03/15/2028 | $ 20,000 | $ | 17,068 | |||||
2.70%, 02/15/2032 | 25,000 | 19,276 | ||||||
|
| |||||||
484,283 | ||||||||
|
| |||||||
Self-Storage REITs-0.35% | ||||||||
Extra Space Storage L.P., 5.70%, 04/01/2028 | 393,000 | 395,476 | ||||||
Public Storage | ||||||||
5.13%, 01/15/2029 | 301,000 | 302,802 | ||||||
5.10%, 08/01/2033 | 1,724,000 | 1,726,284 | ||||||
5.35%, 08/01/2053 | 1,034,000 | 1,034,350 | ||||||
|
| |||||||
3,458,912 | ||||||||
|
| |||||||
Semiconductors-0.18% | ||||||||
Broadcom, Inc., 3.19%, 11/15/2036(b) | 37,000 | 28,003 | ||||||
Foundry JV Holdco LLC, 5.88%, 01/25/2034(b) | 1,792,000 | 1,776,105 | ||||||
Micron Technology, Inc., 4.98%, 02/06/2026 | 4,000 | 3,948 | ||||||
Skyworks Solutions, Inc., 1.80%, 06/01/2026 | 9,000 | 8,069 | ||||||
|
| |||||||
1,816,125 | ||||||||
|
| |||||||
Single-Family Residential REITs-0.76% |
| |||||||
American Homes 4 Rent L.P., 2.38%, 07/15/2031 | 12,000 | 9,594 | ||||||
Invitation Homes Operating Partnership L.P. | ||||||||
5.45%, 08/15/2030 | 3,824,000 | 3,780,636 | ||||||
5.50%, 08/15/2033 | 3,745,000 | 3,698,749 | ||||||
Sun Communities Operating L.P., 2.70%, 07/15/2031 | 17,000 | 13,555 | ||||||
|
| |||||||
7,502,534 | ||||||||
|
| |||||||
Sovereign Debt-1.31% | ||||||||
Colombia Government International Bond (Colombia) | ||||||||
8.00%, 04/20/2033(c) | 939,000 | 986,931 | ||||||
7.50%, 02/02/2034 | 650,000 | 658,048 | ||||||
Ghana Government International Bond (Ghana), 7.75%, 12/31/2049(b) | 1,119,000 | 513,342 | ||||||
Mexico Government International Bond (Mexico) | ||||||||
6.35%, 02/09/2035 | 620,000 | 652,286 | ||||||
6.34%, 05/04/2053(c) | 3,341,000 | 3,414,607 | ||||||
Oman Government International Bond (Oman), 6.25%, 01/25/2031(b) | 795,000 | 818,531 | ||||||
Panama Government International Bond (Panama), 6.85%, 03/28/2054(c) | 520,000 | 545,616 | ||||||
Paraguay Government International Bond (Paraguay), 5.40%, 03/30/2050(b) | 1,200,000 | 1,040,428 | ||||||
Perusahaan Penerbit SBSN Indonesia III (Indonesia), 3.55%, 06/09/2051(b) | 1,886,000 | 1,461,297 | ||||||
Philippine Government International Bond (Philippines), 5.50%, 01/17/2048(c) | 387,000 | 403,369 | ||||||
Qatar Government International Bond (Qatar), 3.38%, 03/14/2024(b) | 200,000 | 197,186 |
Principal Amount | Value | |||||||
Sovereign Debt-(continued) | ||||||||
Romanian Government International Bond (Romania) | ||||||||
6.63%, 02/17/2028(b) | $ 932,000 | $ | 968,071 | |||||
7.13%, 01/17/2033(b) | 1,258,000 | 1,355,291 | ||||||
|
| |||||||
13,015,003 | ||||||||
|
| |||||||
Specialized Finance-0.08% | ||||||||
Blackstone Private Credit Fund, 1.75%, 09/15/2024 | 136,000 | 128,566 | ||||||
Mitsubishi HC Capital, Inc. (Japan), 3.64%, 04/13/2025(b)(c) | 666,000 | 640,019 | ||||||
|
| |||||||
768,585 | ||||||||
|
| |||||||
Specialty Chemicals-0.13% | ||||||||
Braskem Idesa S.A.P.I. (Mexico) | ||||||||
7.45%, 11/15/2029(b) | 289,000 | 198,789 | ||||||
6.99%, 02/20/2032(b) | 1,647,000 | 1,063,437 | ||||||
|
| |||||||
1,262,226 | ||||||||
|
| |||||||
Steel-0.22% | ||||||||
ArcelorMittal S.A. (Luxembourg), 6.55%, 11/29/2027(c) | 706,000 | 730,311 | ||||||
POSCO (South Korea) | ||||||||
5.63%, 01/17/2026(b)(c) | 774,000 | 774,177 | ||||||
5.75%, 01/17/2028(b)(c) | 639,000 | 646,607 | ||||||
|
| |||||||
2,151,095 | ||||||||
|
| |||||||
Systems Software-0.40% | ||||||||
Oracle Corp. | ||||||||
6.25%, 11/09/2032 | 1,620,000 | 1,713,824 | ||||||
4.90%, 02/06/2033 | 1,022,000 | 989,302 | ||||||
6.90%, 11/09/2052 | 677,000 | 759,121 | ||||||
5.55%, 02/06/2053 | 559,000 | 536,513 | ||||||
|
| |||||||
3,998,760 | ||||||||
|
| |||||||
Technology Hardware, Storage & Peripherals-0.07% |
| |||||||
Apple, Inc., 2.80%, 02/08/2061 | 108,000 | 72,418 | ||||||
Leidos, Inc., 5.75%, 03/15/2033 | 629,000 | 630,176 | ||||||
|
| |||||||
702,594 | ||||||||
|
| |||||||
Telecom Tower REITs-0.14% | ||||||||
SBA Communications Corp. | ||||||||
3.88%, 02/15/2027 | 1,190,000 | 1,097,384 | ||||||
3.13%, 02/01/2029 | 357,000 | 301,307 | ||||||
|
| |||||||
1,398,691 | ||||||||
|
| |||||||
Tobacco-1.02% | ||||||||
B.A.T Capital Corp. (United Kingdom) | ||||||||
7.08%, 08/02/2043 | 875,000 | 875,000 | ||||||
7.08%, 08/02/2053 | 587,000 | 587,000 | ||||||
Philip Morris International, Inc. | ||||||||
4.88%, 02/15/2028 | 2,548,000 | 2,523,756 | ||||||
5.13%, 02/15/2030 | 2,823,000 | 2,806,499 | ||||||
5.75%, 11/17/2032 | 178,000 | 182,123 | ||||||
5.38%, 02/15/2033 | 3,150,000 | 3,142,951 | ||||||
|
| |||||||
10,117,329 | ||||||||
|
| |||||||
Trading Companies & Distributors-0.38% |
| |||||||
Aircastle Ltd., 4.40%, 09/25/2023 | 22,000 | 21,936 | ||||||
Avolon Holdings Funding Ltd. (Ireland) | ||||||||
4.25%, 04/15/2026(b) | 32,000 | 30,094 | ||||||
6.38%, 05/04/2028(b) | 1,329,000 | 1,325,359 | ||||||
GATX Corp., 4.90%, 03/15/2033(c) | 405,000 | 383,153 |
See accompanying notes which are an integral part of this schedule.
Invesco Total Return Bond ETF (GTO)–(continued)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
Trading Companies & Distributors-(continued) |
| |||||||
Triton Container International Ltd. (Bermuda) | ||||||||
2.05%, 04/15/2026(b) | $ 470,000 | $ | 415,002 | |||||
3.15%, 06/15/2031(b) | 2,062,000 | 1,589,000 | ||||||
|
| |||||||
3,764,544 | ||||||||
|
| |||||||
Transaction & Payment Processing Services-0.16% |
| |||||||
Fidelity National Information Services, Inc., 3.10%, 03/01/2041 | 16,000 | 11,410 | ||||||
Mastercard, Inc., 4.85%, 03/09/2033 | 1,529,000 | 1,557,396 | ||||||
PayPal Holdings, Inc., 2.85%, 10/01/2029 | 5,000 | 4,456 | ||||||
|
| |||||||
1,573,262 | ||||||||
|
| |||||||
Wireless Telecommunication Services-0.41% |
| |||||||
T-Mobile USA, Inc. | ||||||||
5.05%, 07/15/2033 | 843,000 | 825,320 | ||||||
3.40%, 10/15/2052 | 261,000 | 183,478 | ||||||
5.65%, 01/15/2053 | 1,226,000 | 1,232,865 | ||||||
VEON Holdings B.V. (Netherlands), 3.38%, 11/25/2027(b) | 556,000 | 397,540 | ||||||
Vodafone Group PLC (United Kingdom) | ||||||||
4.13%, 06/04/2081(d) | 882,000 | 702,131 | ||||||
5.13%, 06/04/2081(d) | 1,011,000 | 736,117 | ||||||
|
| |||||||
4,077,451 | ||||||||
|
| |||||||
Total U.S. Dollar Denominated Bonds & Notes (Cost $511,327,434) |
| 492,440,081 | ||||||
|
| |||||||
U.S. Government Sponsored Agency Mortgage-Backed Securities-21.96% |
| |||||||
Collateralized Mortgage Obligations-0.46% |
| |||||||
Freddie Mac Military Housing Bonds Resecuritization Trust Ctfs., Series 2015-R1, Class B1, 5.25%, 11/25/2055(b)(i) | 908,523 | 849,288 | ||||||
Freddie Mac Multifamily Structured Pass-Through Ctfs. | ||||||||
Series 2013-K035, Class X1, IO, 0.57%, 08/25/2023(j) | 1,263,017 | 13 | ||||||
Series 2014-K036, Class X1, IO, 0.77%, 10/25/2023(j) | 4,325,241 | 2,274 | ||||||
Series 2014-K037, Class X1, IO, 0.92%, 01/25/2024(j) | 4,881,400 | 11,231 | ||||||
Series 2015-K042, Class X1, IO, 1.02%, 12/25/2024(j) | 4,070,743 | 46,098 | ||||||
Series 2017-K066, Class AM, 3.20%, 06/25/2027 | 250,000 | 233,662 | ||||||
Series 2017-KGX1, Class AFX, 3.00%, 10/25/2027 | 1,000,000 | 926,168 | ||||||
Series 2018-K074, Class AM, 3.60%, 02/25/2028 | 1,000,000 | 947,525 | ||||||
Series 2018-K154, Class A3, 3.46%, 11/25/2032 | 1,000,000 | 911,547 | ||||||
Series K038, Class X1, IO, 1.07%, 03/25/2024(j) | 3,782,967 | 16,344 | ||||||
Seasoned Credit Risk Transfer Trust | ||||||||
Series 2017-3, Class HT, 3.25%, 07/25/2056(k) | 264,714 | 233,485 | ||||||
Series 2017-4, Class HT, 3.25%, 06/25/2057(k) | 401,650 | 358,654 | ||||||
|
| |||||||
4,536,289 | ||||||||
|
|
Principal Amount | Value | |||||||
Federal Home Loan Mortgage Corp. (FHLMC)-0.26% |
| |||||||
0.00%, 12/14/2029(l) | $ 150,000 | $ | 114,392 | |||||
3.55%, 10/01/2033 | 463,788 | 421,837 | ||||||
3.00%, 10/01/2034 | 242,950 | 227,116 | ||||||
4.00%, 11/01/2048 to 07/01/2049 | 261,974 | 249,012 | ||||||
3.50%, 08/01/2049 | 1,736,926 | 1,594,251 | ||||||
|
| |||||||
2,606,608 | ||||||||
|
| |||||||
Federal National Mortgage Association (FNMA)-0.89% |
| |||||||
2.82%, 10/01/2029 | 484,839 | 438,938 | ||||||
2.90%, 11/01/2029 | 494,164 | 446,564 | ||||||
3.08%, 10/01/2032 | 750,000 | 668,770 | ||||||
3.31%, 01/01/2033 | 991,672 | 914,060 | ||||||
2.50%, 10/01/2034 to 12/01/2034 | 2,208,959 | 2,022,131 | ||||||
3.50%, 05/01/2047 to 06/01/2047 | 1,664,472 | 1,540,109 | ||||||
4.00%, 11/01/2047 | 73,640 | 70,166 | ||||||
3.00%, 09/01/2049 to 10/01/2049 | 3,052,365 | 2,709,811 | ||||||
|
| |||||||
8,810,549 | ||||||||
|
| |||||||
Government National Mortgage Association (GNMA)-4.65% |
| |||||||
4.00%, 07/20/2049 | 44,237 | 42,057 | ||||||
TBA, 2.00%, 08/01/2053(m) | 6,645,000 | 5,556,881 | ||||||
TBA, 2.50%, 08/01/2053(m) | 5,400,000 | 4,656,340 | ||||||
TBA, 4.50%, 08/01/2053(m) | 20,713,000 | 19,925,744 | ||||||
TBA, 5.50%, 08/01/2053(m) | 16,111,000 | 16,011,565 | ||||||
|
| |||||||
46,192,587 | ||||||||
|
| |||||||
Uniform Mortgage-Backed Securities-15.70% |
| |||||||
TBA, 1.50%, 08/01/2038(m) | 8,760,000 | 7,538,048 | ||||||
TBA, 2.00%, 08/01/2038 to 08/01/2053(m) | 30,491,850 | 25,041,223 | ||||||
TBA, 2.50%, 08/01/2053(m) | 17,400,000 | 14,664,598 | ||||||
TBA, 3.50%, 08/01/2053(m) | 22,000,000 | 19,935,352 | ||||||
TBA, 4.00%, 08/01/2053(m) | 9,249,000 | 8,635,170 | ||||||
TBA, 4.50%, 08/01/2053(m) | 9,249,000 | 8,855,556 | ||||||
TBA, 5.00%, 08/01/2053(m) | 42,563,000 | 41,580,394 | ||||||
TBA, 5.50%, 08/01/2053(m) | 30,000,000 | 29,793,750 | ||||||
|
| |||||||
156,044,091 | ||||||||
|
| |||||||
Total U.S. Government Sponsored Agency Mortgage- Backed Securities |
| 218,190,124 | ||||||
|
| |||||||
Asset-Backed Securities-17.40% |
| |||||||
AMSR Trust, Series 2021-SFR3, Class B, 1.73%, 10/17/2038(b) | 4,460,000 | 3,918,410 | ||||||
Angel Oak Mortgage Trust | ||||||||
Series 2020-1, Class A1, 2.16%, 12/25/2059(b)(i) | 70,102 | 65,659 | ||||||
Series 2020-3, Class A1, 1.69%, 04/25/2065(b)(i) | 235,287 | 214,459 | ||||||
Series 2020-5, Class A1, 1.37%, 05/25/2065(b)(i) | 267,979 | 246,430 | ||||||
Series 2021-3, Class A1, 1.07%, 05/25/2066(b)(i) | 1,154,991 | 947,633 | ||||||
Series 2022-1, Class A1, 2.88%, 12/25/2066(b)(k) | 2,647,943 | 2,344,887 | ||||||
Avis Budget Rental Car Funding (AESOP) LLC | ||||||||
Series 2023-1A, Class A, 5.25%, 04/20/2029(b) | 718,000 | 701,733 | ||||||
Series 2023-4A, Class A, 5.49%, 06/20/2029(b) | 2,738,000 | 2,700,607 |
See accompanying notes which are an integral part of this schedule.
Invesco Total Return Bond ETF (GTO)–(continued)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
Bain Capital Credit CLO Ltd. (Cayman Islands), Series 2017-2A, Class AR2, 6.79% (3 mo. Term SOFR + 1.44%), 07/25/2034(b)(f) | $ 3,000,000 | $ | 2,978,862 | |||||
Bayview MSR Opportunity Master Fund Trust | ||||||||
Series 2021-4, Class A3, 3.00%, 10/25/2051(b)(i) | 1,724,531 | 1,447,883 | ||||||
Series 2021-4, Class A4, 2.50%, 10/25/2051(b)(i) | 1,724,531 | 1,392,054 | ||||||
Series 2021-4, Class A8, 2.50%, 10/25/2051(b)(i) | 1,612,375 | 1,387,278 | ||||||
Series 2021-5, Class A1, 3.00%, 11/25/2051(b)(i) | 1,926,844 | 1,617,741 | ||||||
Series 2021-5, Class A2, 2.50%, 11/25/2051(b)(i) | 2,351,185 | 1,897,893 | ||||||
Bear Stearns Asset Backed Securities I Trust, Series 2006-HE9, Class 2A, 5.69% (1 mo. Term SOFR + 0.39%), 11/25/2036(f) | 120,809 | 117,073 | ||||||
Benchmark Mortgage Trust | ||||||||
Series 2018-B3, Class C, 4.53%, 04/10/2051(i) | 2,500,000 | 1,942,954 | ||||||
Series 2019-B14, Class C, 3.77%, 12/15/2062(i) | 930,000 | 688,628 | ||||||
Series 2019-B15, Class B, 3.56%, 12/15/2072 | 2,000,000 | 1,538,167 | ||||||
BRAVO Residential Funding Trust | ||||||||
Series 2021-NQM2, Class A1, 0.97%, 03/25/2060(b)(i) | 354,419 | 331,043 | ||||||
Series 2021-NQM2, Class A2, 1.28%, 03/25/2060(b)(i) | 1,163,893 | 1,090,529 | ||||||
BX Commercial Mortgage Trust | ||||||||
Series 2021-VOLT, Class C, 6.44% (1 mo. Term SOFR + 1.21%), 09/15/2036(b)(f) | 3,005,000 | 2,878,478 | ||||||
Series 2021-VOLT, Class D, 6.99% (1 mo. Term SOFR + 1.76%), 09/15/2036(b)(f) | 8,799,000 | 8,420,793 | ||||||
BX Trust | ||||||||
Series 2021-LGCY, Class B, 6.19% (1 mo. Term SOFR + 0.97%), 10/15/2036(b)(f) | 10,000,000 | 9,688,799 | ||||||
Series 2022-LBA6, Class A, 6.22% (1 mo. Term SOFR + 1.00%), 01/15/2039(b)(f) | 2,085,000 | 2,046,856 | ||||||
Series 2022-LBA6, Class B, 6.52% (1 mo. Term SOFR + 1.30%), 01/15/2039(b)(f) | 1,285,000 | 1,257,981 | ||||||
Series 2022-LBA6, Class C, 6.82% (1 mo. Term SOFR + 1.60%), 01/15/2039(b)(f) | 690,000 | 670,553 | ||||||
Chase Home Lending Mortgage Trust, Series 2019-ATR2, Class A3, 3.50%, 07/25/2049(b)(i) | 85,532 | 76,070 | ||||||
CIFC Funding Ltd. (Cayman Islands) | ||||||||
Series 2014-5A, Class A1R2, 6.77% (3 mo. Term SOFR + 1.46%), 10/17/2031(b)(f) | 1,281,000 | 1,279,550 | ||||||
Series 2016-1A, Class ARR, 6.68% | 957,000 | 951,206 |
Principal Amount | Value | |||||||
Citigroup Commercial Mortgage Trust, Series 2014-GC23, Class B, 4.18%, 07/10/2047(i) | $ 184,000 | $ | 172,115 | |||||
Citigroup Mortgage Loan Trust, Series 2021-INV3, Class A3, 2.50%, 05/25/2051(b)(i) | 1,759,381 | 1,420,185 | ||||||
COLT Mortgage Loan Trust | ||||||||
Series 2020-2, Class A1, 1.85%, 03/25/2065(b)(i) | 6,829 | 6,784 | ||||||
Series 2022-1, Class A1, 2.28%, 12/27/2066(b)(i) | 1,497,201 | 1,285,594 | ||||||
Series 2022-2, Class A1, 2.99%, 02/25/2067(b)(k) | 1,580,802 | 1,406,744 | ||||||
Credit Suisse Mortgage Capital Ctfs., Series 2020-SPT1, Class A1, 1.62%, 04/25/2065(b)(k) | 33,510 | 33,100 | ||||||
Credit Suisse Mortgage Capital Trust | ||||||||
Series 2021-NQM1, Class A1, 0.81%, 05/25/2065(b)(i) | 491,117 | 414,631 | ||||||
Series 2021-NQM2, Class A1, 1.18%, 02/25/2066(b)(i) | 261,699 | 219,633 | ||||||
Series 2022-ATH1, Class A1A, 2.87%, 01/25/2067(b)(i) | 2,083,219 | 1,917,764 | ||||||
Series 2022-ATH1, Class A1B, 3.35%, 01/25/2067(b)(i) | 1,160,000 | 1,018,253 | ||||||
CSAIL Commercial Mortgage Trust, Series 2020-C19, Class A3, 2.56%, 03/15/2053 | 1,459,000 | 1,212,669 | ||||||
Domino’s Pizza Master Issuer LLC, Series 2019-1A, Class A2, 3.67%, 10/25/2049(b) | 1,930,000 | 1,688,107 | ||||||
Dryden 93 CLO Ltd. (Cayman Islands), Series 2021-93A, Class A1A, 6.65% (3 mo. Term SOFR + 1.34%), 01/15/2034(b)(f) | 532,495 | 529,645 | ||||||
DT Auto Owner Trust, Series 2019-3A, Class D, 2.96%, 04/15/2025(b) | 74,160 | 73,691 | ||||||
Ellington Financial Mortgage Trust | ||||||||
Series 2019-2, Class A1, 2.74%, 11/25/2059(b)(i) | 202,450 | 188,107 | ||||||
Series 2020-1, Class A1, 2.01%, 05/25/2065(b)(i) | 28,615 | 27,407 | ||||||
Series 2021-1, Class A1, 0.80%, 02/25/2066(b)(i) | 268,913 | 225,200 | ||||||
Series 2022-1, Class A1, 2.21%, 01/25/2067(b)(i) | 1,399,794 | 1,164,696 | ||||||
Extended Stay America Trust, Series 2021-ESH, Class B, 6.72% (1 mo. Term SOFR + 1.49%), 07/15/2038(b)(f) | 667,772 | 655,302 | ||||||
Flagstar Mortgage Trust | ||||||||
Series 2021-11IN, Class A6, 3.70%, 11/25/2051(b)(i) | 2,910,848 | 2,498,842 | ||||||
Series 2021-8INV, Class A6, 2.50%, 09/25/2051(b)(i) | 1,053,597 | 903,028 | ||||||
GCAT Trust, Series 2019-NQM3, Class A1, 2.69%, 11/25/2059(b)(i) | 277,475 | 257,778 | ||||||
GoldenTree Loan Management US CLO 1 Ltd. (Cayman Islands), Series 2021-9A, Class A, 6.66% (3 mo. Term SOFR + 1.33%), 01/20/2033(b)(f) | 4,000,000 | 3,981,012 |
See accompanying notes which are an integral part of this schedule.
Invesco Total Return Bond ETF (GTO)–(continued)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
GoldenTree Loan Management US CLO 2 Ltd. (Cayman Islands), | $ 2,139,271 | $ | 2,132,325 | |||||
GoldenTree Loan Management US CLO 5 Ltd. (Cayman Islands), | 5,000,000 | 4,984,765 | ||||||
Golub Capital Partners CLO 40(A) Ltd. (Cayman Islands), Series 2019-40A, Class AR, 6.70% (3 mo. Term SOFR + 1.35%), 01/25/2032(b)(f) | 8,000,000 | 7,914,072 | ||||||
GS Mortgage Securities Trust | ||||||||
Series 2013-GC14, Class B, 4.55%, 08/10/2046(b)(i) | 229,982 | 221,027 | ||||||
Series 2020-GC45, Class A5, 2.91%, 02/13/2053 | 1,560,000 | 1,348,235 | ||||||
Series 2020-GC47, Class A5, 2.38%, 05/12/2053 | 1,530,000 | 1,270,074 | ||||||
GS Mortgage-Backed Securities Trust, Series 2021-INV1, Class A6, 2.50%, 12/25/2051(b)(i) | 3,997,976 | 3,439,479 | ||||||
Hertz Vehicle Financing III L.P. | ||||||||
Series 2021-2A, Class A, 1.68%, 12/27/2027(b) | 539,000 | 472,500 | ||||||
Series 2021-2A, Class B, 2.12%, 12/27/2027(b) | 286,000 | 251,211 | ||||||
Hertz Vehicle Financing LLC, | 175,000 | 164,527 | ||||||
IP Lending III Ltd. (Cayman Islands), Series 2022-3A, Class SNR, 3.38%, 11/02/2026(b)(h) | 1,474,000 | 1,270,293 | ||||||
IP Lending VII Ltd. (Bermuda), | 2,746,000 | 2,746,000 | ||||||
JP Morgan Mortgage Trust, Series 2021-LTV2, Class A1, 2.52%, 05/25/2052(b)(i) | 2,335,021 | 1,902,816 | ||||||
JPMDB Commercial Mortgage Securities Trust, Series 2020-COR7, Class C, 3.72%, 05/13/2053(i) | 2,908,000 | 1,738,284 | ||||||
KKR CLO 30 Ltd. (Cayman Islands), Series 30A, Class A1R, 6.59% (3 mo. Term SOFR + 1.28%), 10/17/2031(b)(f) | 5,000,000 | 4,975,580 | ||||||
Life Mortgage Trust | ||||||||
Series 2021-BMR, Class B, 6.22% (1 mo. Term SOFR + 0.99%), 03/15/2038(b)(f) | 1,213,968 | 1,186,454 | ||||||
Series 2021-BMR, Class C, 6.44% (1 mo. Term SOFR + 1.21%), 03/15/2038(b)(f) | 491,485 | 477,992 | ||||||
Med Trust, Series 2021-MDLN, Class A, 6.29% (1 mo. Term SOFR + 1.06%), 11/15/2038(b)(f) | 1,353,504 | 1,322,575 |
Principal Amount | Value | |||||||
Mello Mortgage Capital Acceptance Trust | ||||||||
Series 2021-INV2, Class A4, 2.50%, 08/25/2051(b)(i) | $ 1,042,822 | $ | 896,655 | |||||
Series 2021-INV3, Class A4, 2.50%, 10/25/2051(b)(i) | 1,095,673 | 940,319 | ||||||
MFA Trust | ||||||||
Series 2021-AEI1, Class A3, 2.50%, 08/25/2051(b)(i) | 3,135 | 2,530 | ||||||
Series 2021-INV2, Class A1, 1.91%, 11/25/2056(b)(i) | 4,209,485 | 3,547,034 | ||||||
MHP Commercial Mortgage Trust, | 615,000 | 600,706 | ||||||
Morgan Stanley Bank of America Merrill Lynch Trust, | 1,032,000 | 950,069 | ||||||
Morgan Stanley Capital I Trust, | 1,580,000 | 1,354,911 | ||||||
Neuberger Berman Loan Advisers CLO 40 Ltd. (Cayman Islands), | 1,023,000 | 1,018,928 | ||||||
New Residential Mortgage Loan Trust | ||||||||
Series 2019-NQM4, Class A1, 2.49%, 09/25/2059(b)(i) | 152,957 | 141,882 | ||||||
Series 2020-NQM1, Class A1, 2.46%, 01/26/2060(b)(i) | 499,289 | 453,133 | ||||||
Series 2022-NQM2, Class A1, 3.08%, 03/27/2062(b)(i) | 1,485,967 | 1,325,654 | ||||||
OBX Trust | ||||||||
Series 2022-NQM1, Class A1, 2.31%, 11/25/2061(b)(i) | 1,746,224 | 1,469,510 | ||||||
Series 2022-NQM2, Class A1, 2.95%, 01/25/2062(b)(i) | 2,274,584 | 2,036,803 | ||||||
Series 2022-NQM2, Class A1A, 2.78%, 01/25/2062(b)(k) | 1,443,621 | 1,311,364 | ||||||
Series 2022-NQM2, Class A1B, 3.38%, 01/25/2062(b)(k) | 1,415,000 | 1,204,449 | ||||||
Oceanview Mortgage Trust, | 1,151,670 | 993,005 | ||||||
OCP CLO Ltd. (Cayman Islands) | ||||||||
Series 2017-13A, Class A1AR, 6.53% (3 mo. Term SOFR + 1.22%), 07/15/2030(b)(f) | 2,955,342 | 2,942,971 | ||||||
Series 2020-8RA, Class A1, 6.79% (3 mo. Term SOFR + 1.48%), 01/17/2032(b)(f) | 1,730,000 | 1,721,155 | ||||||
Octagon Investment Partners 31 Ltd. (Cayman Islands), Series 2017-1A, Class AR, 6.64% (3 mo. Term SOFR + 1.31%), 07/20/2030(b)(f) | 3,495,128 | 3,483,936 | ||||||
Octagon Investment Partners 49 Ltd. (Cayman Islands), Series 2020-5A, Class A1, 6.79% (3 mo. Term SOFR + 1.48%), 01/15/2033(b)(f) | 3,000,000 | 2,992,824 |
See accompanying notes which are an integral part of this schedule.
Invesco Total Return Bond ETF (GTO)–(continued)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
One Bryant Park Trust, Series 2019- OBP, Class A, 2.52%, 09/15/2054(b) | $ | 457,000 | $ | 373,439 | ||||
Onslow Bay Mortgage Loan Trust, Series 2021-NQM4, Class A1, 1.96%, 10/25/2061(b)(i) | 1,898,585 | 1,534,138 | ||||||
PPM CLO 3 Ltd. (United Kingdom), Series 2019-3A, Class AR, 6.66% (3 mo. Term SOFR + 1.35%), 04/17/2034(b)(f) | 250,000 | 244,863 | ||||||
Race Point VIII CLO Ltd. (Cayman Islands), Series 2013-8A, Class AR2, 6.42% (3 mo. USD LIBOR + 1.04%), 02/20/2030(b)(f) | 586,244 | 584,711 | ||||||
Residential Mortgage Loan Trust | ||||||||
Series 2019-3, Class A1, 2.63%, 09/25/2059(b)(i) | 11,700 | 11,324 | ||||||
Series 2020-1, Class A1, 2.38%, 01/26/2060(b)(i) | 43,749 | 41,594 | ||||||
SG Residential Mortgage Trust, Series 2022-1, Class A1, 3.17%, 03/27/2062(b)(i) | 2,637,616 | 2,335,191 | ||||||
Sonic Capital LLC | ||||||||
Series 2020-1A, Class A2I, 3.85%, 01/20/2050(b) | 1,580,517 | 1,442,128 | ||||||
Series 2021-1A, Class A2I, 2.19%, 08/20/2051(b) | 1,806,267 | 1,464,540 | ||||||
Series 2021-1A, Class A2II, 2.64%, 08/20/2051(b) | 1,845,533 | 1,380,577 | ||||||
STAR Trust, Series 2021-1, Class A1, 1.22%, 05/25/2065(b)(i) | 934,397 | 805,599 | ||||||
Starwood Mortgage Residential Trust | ||||||||
Series 2020-1, Class A1, 2.28%, 02/25/2050(b)(i) | 13,716 | 12,749 | ||||||
Series 2020-INV1, Class A1, 1.03%, 11/25/2055(b)(i) | 575,153 | 512,577 | ||||||
Series 2021-6, Class A1, 1.92%, 11/25/2066(b)(i) | 2,458,247 | 2,006,513 | ||||||
Series 2022-1, Class A1, 2.45%, 12/25/2066(b)(i) | 1,853,996 | 1,574,577 | ||||||
Store Master Funding I-VII, Series 2016-1A, Class A2, 4.32%, 10/20/2046(b) | 438,731 | 402,275 | ||||||
Taco Bell Funding LLC, Series 2016-1A, Class A23, 4.97%, 05/25/2046(b) | 141,000 | 136,071 | ||||||
Textainer Marine Containers VII Ltd. (China), Series 2021-2A, Class A, 2.23%, 04/20/2046(b) | 1,320,200 | 1,134,558 | ||||||
TierPoint Issuer LLC, Series 2023-1A, Class A2, 6.00%, 06/25/2053(b) | 2,865,000 | 2,738,006 | ||||||
Tricon American Homes Trust, Series 2020-SFR2, Class A, 1.48%, 11/17/2039(b) | 1,021,947 | 858,990 | ||||||
Verus Securitization Trust | ||||||||
Series 2020-INV1, Class A1, 0.33%, 03/25/2060(b)(i) | 26,476 | 25,890 | ||||||
Series 2021-1, Class A1B, 1.32%, 01/25/2066(b)(i) | 953,971 | 812,616 | ||||||
Series 2021-2, Class A1, 1.03%, 02/25/2066(b)(i) | 1,297,151 | 1,094,512 | ||||||
Series 2021-7, Class A1, 1.83%, 10/25/2066(b)(i) | 1,838,362 | 1,572,043 |
Principal Amount | Value | |||||||
Series 2021-R1, Class A1, 0.82%, 10/25/2063(b)(i) | $ | 792,433 | $ | 710,321 | ||||
Series 2022-1, Class A1, 2.72%, 01/25/2067(b)(k) | 1,449,863 | 1,278,185 | ||||||
Visio Trust, Series 2020-1R, Class A1, 1.31%, 11/25/2055(b) | 206,827 | 183,897 | ||||||
Wells Fargo Commercial Mortgage Trust, Series 2016-NXS5, Class XA, IO, 1.40%, 01/15/2059(j) | 1,307,412 | 36,513 | ||||||
Wendy’s Funding LLC, Series 2019-1A, Class A2II, 4.08%, 06/15/2049(b) | 452,500 | 408,158 | ||||||
WFRBS Commercial Mortgage Trust, Series 2014-C23, Class B, 4.39%, 10/15/2057(i) | 307,000 | 283,668 | ||||||
Zaxby’s Funding LLC, Series 2021-1A, Class A2, 3.24%, 07/30/2051(b) | 4,214,000 | 3,508,556 | ||||||
|
| |||||||
Total Asset-Backed Securities (Cost $192,227,909) | 172,855,322 | |||||||
|
| |||||||
U.S. Treasury Securities-16.41% |
| |||||||
U.S. Treasury Bills-0.44% | ||||||||
4.79%-4.83%, 04/18/2024(n)(o) | 4,487,000 | 4,320,744 | ||||||
|
| |||||||
U.S. Treasury Bonds-5.19% | ||||||||
3.88%, 05/15/2043 | 1,780,100 | 1,701,942 | ||||||
3.63%, 02/15/2053 | 53,491,700 | 49,906,085 | ||||||
|
| |||||||
51,608,027 | ||||||||
|
| |||||||
U.S. Treasury Notes-10.78% | ||||||||
4.63%, 06/30/2025 | 143,900 | 143,113 | ||||||
4.75%, 07/31/2025 | 4,547,000 | 4,537,231 | ||||||
4.50%, 07/15/2026 | 3,665,700 | 3,664,984 | ||||||
4.13%, 07/31/2028 | 54,923,200 | 54,828,801 | ||||||
3.75%, 06/30/2030 | 905,600 | 887,912 | ||||||
4.00%, 07/31/2030 | 344,200 | 342,882 | ||||||
3.38%, 05/15/2033 | 44,761,200 | 42,701,486 | ||||||
|
| |||||||
107,106,409 | ||||||||
|
| |||||||
Total U.S. Treasury Securities (Cost $164,524,212) | 163,035,180 | |||||||
|
| |||||||
Agency Credit Risk Transfer Notes-0.72% |
| |||||||
Fannie Mae Connecticut Avenue Securities | ||||||||
Series 2019-R03, Class 1M2, 7.33% (30 Day Average SOFR + 2.26%), 09/25/2031(b)(f)(p) | 2,893 | 2,893 | ||||||
Series 2022-R03, Class 1M1, 7.17% (30 Day Average SOFR + 2.10%), 03/25/2042(b)(f)(p) | 2,100,186 | 2,114,820 | ||||||
Series 2022-R04, Class 1M1, 7.07% (30 Day Average SOFR + 2.00%), 03/25/2042(b)(f)(p) | 1,041,296 | 1,048,883 | ||||||
Series 2023-R02, Class 1M1, 7.37% (30 Day Average SOFR + 2.30%), 01/25/2043(b)(f)(p) | 672,005 | 682,434 | ||||||
Freddie Mac | ||||||||
Series 2020-DNA5, Class M2, STACR®, 7.87% (30 Day Average SOFR + 2.80%), 10/25/2050(b)(f)(q) | 295,794 | 300,134 | ||||||
Series 2022-DNA3, Class M1A, STACR®, 7.07% (30 Day Average SOFR + 2.00%), 04/25/2042(b)(f)(q) | 1,469,629 | 1,475,292 |
See accompanying notes which are an integral part of this schedule.
Invesco Total Return Bond ETF (GTO)–(continued)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
Series 2022-HQA3, Class M1, STACR®, 7.37% (30 Day Average SOFR + 2.30%), 08/25/2042(b)(f)(q) | $ 905,910 | $ | 920,438 | |||||
Series 2023-DNA1, Class M1, STACR®, 7.17% (30 Day Average SOFR + 2.10%), 03/25/2043(b)(f)(q) | 568,785 | 575,584 | ||||||
|
| |||||||
Total Agency Credit Risk Transfer Notes (Cost $7,056,978) |
| 7,120,478 | ||||||
|
| |||||||
Municipal Obligations-0.33% |
| |||||||
California (State of) Health Facilities | ||||||||
Financing Authority (Social Bonds) | ||||||||
Series 2022, RB, 4.19%, 06/01/2037 | 735,000 | 667,072 | ||||||
Series 2022, RB, 4.35%, 06/01/2041 | 590,000 | 530,696 | ||||||
California State University | ||||||||
Series 2021 B, Ref. RB, 2.72%, 11/01/2052 | 695,000 | 466,988 | ||||||
Series 2021 B, Ref. RB, 2.94%, 11/01/2052 | 1,040,000 | 708,088 | ||||||
Illinois (State of), Series 2010-1, GO Bonds, (INS - AGM), 6.63%, 02/01/2035(r) | 184,615 | 193,267 | ||||||
Los Angeles (City of), CA Department of Water & Power, Series 2010, RB, 6.57%, 07/01/2045 | 255,000 | 301,643 | ||||||
Texas (State of) Transportation Commission (Central Texas Turnpike System), Series 2020 C, Ref. RB, 3.03%, 08/15/2041 | 580,000 | 417,474 | ||||||
|
| |||||||
Total Municipal Obligations(s) (Cost $4,207,664) | 3,285,228 | |||||||
|
| |||||||
U.S. Government Sponsored Agency Securities-0.26% |
| |||||||
Fannie Mae STRIPS | ||||||||
0.00%, 05/15/2029(l) | 450,000 | 351,151 | ||||||
0.00%, 01/15/2030(l) | 1,300,000 | 982,929 | ||||||
0.00%, 05/15/2030(l) | 850,000 | 631,522 | ||||||
Freddie Mac STRIPS, 0.00%, 09/15/2030(l) | 350,000 | 261,200 | ||||||
Tennessee Valley Authority | ||||||||
5.38%, 04/01/2056 | 100,000 | 107,439 | ||||||
4.25%, 09/15/2065 | 250,000 | 219,346 | ||||||
|
| |||||||
Total U.S. Government Sponsored Agency Securities (Cost $2,480,155) |
| 2,553,587 | ||||||
|
| |||||||
Shares | ||||||||
|
| |||||||
Preferred Stocks-0.23% | ||||||||
Diversified Banks-0.20% | ||||||||
Citigroup, Inc. | ||||||||
Series U, Pfd., 5.00%(c)(d) | 1,196,000 | 1,135,718 | ||||||
Series W, Pfd., 4.00%(d) | 691,000 | 621,859 | ||||||
Wells Fargo & Co., Class A, Series L, Conv. Pfd., 7.50% | 232 | 273,526 | ||||||
|
| |||||||
2,031,103 | ||||||||
|
|
Shares | Value | |||||||
Diversified Financial Services-0.03% | ||||||||
Equitable Holdings, Inc., Series B, Pfd., 4.95%(c)(d) | 269,000 | $ | 261,578 | |||||
|
| |||||||
Life & Health Insurance-0.00% | ||||||||
MetLife, Inc., Series G, Pfd., 3.85%(d) | 30,000 | 28,107 | ||||||
|
| |||||||
Total Preferred Stocks (Cost $2,488,253) |
| 2,320,788 | ||||||
|
| |||||||
Exchange-Traded Funds-0.05% |
| |||||||
Invesco High Yield Select ETF(c)(t) | 10,000 | 250,314 | ||||||
Invesco Short Duration Bond ETF(c)(t) | 12,000 | 296,402 | ||||||
|
| |||||||
Total Exchange-Traded Funds (Cost $547,935) |
| 546,716 | ||||||
|
| |||||||
| Principal Amount | | ||||||
|
| |||||||
Non-U.S. Dollar Denominated Bonds & Notes-0.01%(u) |
| |||||||
Sovereign Debt-0.01% | ||||||||
Ukraine Government International Bond | ||||||||
(Ukraine), 4.38%, 01/27/2032(b)(g) (Cost $342,233) | EUR 309,000 | 97,096 | ||||||
|
| |||||||
Shares | ||||||||
|
| |||||||
Common Stocks & Other Equity Interests-0.00% |
| |||||||
Agricultural Products & Services-0.00% |
| |||||||
Locus Agriculture Solutions, Inc., Wts.,expiring 12/31/2032(h)(v) (Cost $0) | 14 | 0 | ||||||
|
| |||||||
Options Purchased-0.05% | 551,700 | |||||||
|
| |||||||
TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-106.99% |
| 1,062,996,300 | ||||||
|
| |||||||
Investments Purchased with Cash Collateral from Securities on Loan |
| |||||||
Money Market Funds-8.18% | ||||||||
Invesco Private Government Fund, 5.24%(t)(w)(x) | 22,751,235 | 22,751,235 | ||||||
Invesco Private Prime Fund, | 58,503,175 | 58,503,175 | ||||||
|
| |||||||
Total Investments Purchased with Cash Collateral from Securities on Loan |
| 81,254,410 | ||||||
|
| |||||||
TOTAL INVESTMENTS IN SECURITIES-115.17% |
| 1,144,250,710 | ||||||
OTHER ASSETS LESS LIABILITIES-(15.17)% |
| (150,756,347 | ) | |||||
|
| |||||||
NET ASSETS-100.00% | $ | 993,494,363 | ||||||
|
|
See accompanying notes which are an integral part of this schedule.
Invesco Total Return Bond ETF (GTO)–(continued)
July 31, 2023
(Unaudited)
Investment Abbreviations: | ||
AGM | -Assured Guaranty Municipal Corp. | |
CLO | -Collateralized Loan Obligation | |
Conv. | -Convertible | |
Ctfs. | -Certificates | |
ETF | -Exchange-Traded Fund | |
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 | |
SOFR | -Secured Overnight Financing Rate | |
STACR® | -Structured Agency Credit Risk | |
STRIPS | -Separately Traded Registered Interest and Principal Security | |
TBA | -To Be Announced | |
USD | -U.S. Dollar | |
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) | 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, 2023 was $309,010,955, which represented 31.10% of the Fund’s Net Assets. |
(c) | All or a portion of this security was out on loan at July 31, 2023. |
(d) | Security issued at a fixed rate for a specific period of time, after which it will convert to a variable rate. |
(e) | Perpetual bond with no specified maturity date. |
(f) | Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on July 31, 2023. |
(g) | Defaulted security. Currently, the issuer is in default with respect to principal and/or interest payments. The aggregate value of these securities at July 31, 2023 was $133,276, which represented less than 1% of the Fund’s Net Assets. |
(h) | Security valued using significant unobservable inputs (Level 3). See Note 1. |
(i) | 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, 2023. |
(j) | Interest only security. Principal amount shown is the notional principal and does not reflect the maturity value of the security. 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, 2023. |
(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) | Security purchased on a forward commitment basis. This security is subject to dollar roll transactions. |
(n) | $4,320,744 was pledged as collateral to cover margin requirements for open futures contracts. |
(o) | Security traded on a discount basis. The interest rate shown represents the discount rate at the time of purchase by the Fund. |
(p) | 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. |
(q) | 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. |
(r) | Principal and/or interest payments are secured by the bond insurance company listed. |
(s) | Entities may either issue, guarantee, back or otherwise enhance the credit quality of a security. The entities are not primarily responsible for the issuer’s obligations but may be called upon to satisfy the issuer’s obligations. No concentration of any single entity was greater than 5% each. |
(t) | 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, 2023. |
Value October 31, 2022 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain | Value July 31, 2023 | Dividend Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Invesco High Yield Select ETF | $ | - | $ | 249,153 | $ | - | $ | 1,161 | $ | - | $ | 250,314 | $ | 4,608 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Invesco Short Duration Bond ETF | - | 298,782 | - | (2,380 | ) | - | 296,402 | 4,231 |
See accompanying notes which are an integral part of this schedule.
Invesco Total Return Bond ETF (GTO)–(continued)
July 31, 2023
(Unaudited)
Value | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain | Value | Dividend Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investments Purchased with Cash Collateral from Securities on Loan: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Invesco Private Government Fund | $23,693,081 | $147,828,364 | $(148,770,210 | ) | $ - | $ - | $22,751,235 | $ 761,801 | * | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Invesco Private Prime Fund | 59,702,935 | 294,186,053 | (295,394,780 | ) | 2,267 | 6,700 | 58,503,175 | 2,080,587 | * | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $83,396,016 | $442,562,352 | $(444,164,990 | ) | $1,048 | $6,700 | $81,801,126 | $2,851,227 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
* | Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from borrowers, if any. |
(u) | Foreign denominated security. Principal amount is denominated in the currency indicated. |
(v) | Non-income producing security. |
(w) | The rate shown is the 7-day SEC standardized yield as of July 31, 2023. |
(x) | 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. |
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 | Put | 11/17/2023 | 35 | $4,330 | $15,155,000 | $ | 174,300 | |||||||||||||||||
S&P 500 Index | Call | 11/17/2023 | 30 | 4,645 | 13,935,000 | 377,400 | ||||||||||||||||||
|
| |||||||||||||||||||||||
Total Index Options Purchased | $ | 551,700 | ||||||||||||||||||||||
|
|
* | 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 | 517 | September-2023 | $104,967,156 | $ | (1,579,228 | ) | $ | (1,579,228 | ) | |||||||||||
U.S. Treasury Long Bonds | 217 | September-2023 | 27,002,938 | (571,424 | ) | (571,424 | ) | |||||||||||||
U.S. Treasury Ultra Bonds | 69 | September-2023 | 9,123,094 | (257,382 | ) | (257,382 | ) | |||||||||||||
|
|
|
| |||||||||||||||||
Subtotal–Long Futures Contracts | (2,408,034 | ) | (2,408,034 | ) | ||||||||||||||||
|
|
|
| |||||||||||||||||
Short Futures Contracts | ||||||||||||||||||||
Interest Rate Risk | ||||||||||||||||||||
U.S. Treasury 10 Year Notes | 468 | September-2023 | (52,138,125) | 1,200,063 | 1,200,063 | |||||||||||||||
U.S. Treasury 10 Year Ultra Notes | 575 | September-2023 | (67,266,016) | 1,457,169 | 1,457,169 | |||||||||||||||
U.S. Treasury 5 Year Notes | 178 | September-2023 | (19,014,016) | 425,138 | 425,138 | |||||||||||||||
|
|
|
| |||||||||||||||||
Subtotal–Short Futures Contracts | 3,082,370 | 3,082,370 | ||||||||||||||||||
|
|
|
| |||||||||||||||||
Total Futures Contracts | $ | 674,336 | $ | 674,336 | ||||||||||||||||
|
|
|
|
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, 2023
(Unaudited)
Principal Amount | Value | |||||||
U.S. Dollar Denominated Bonds & Notes-52.61% |
| |||||||
Asset Management & Custody Banks-0.24% |
| |||||||
Ares Capital Corp., 7.00%, 01/15/2027 | $ | 4,285,000 | $ | 4,302,725 | ||||
|
| |||||||
Automobile Manufacturers-4.17% | ||||||||
BMW US Capital LLC (Germany), 0.75%, 08/12/2024(b) | 11,111,000 | 10,583,905 | ||||||
Hyundai Capital America | ||||||||
1.25%, 09/18/2023(b) | 12,730,000 | 12,652,228 | ||||||
1.00%, 09/17/2024(b) | 8,721,000 | 8,246,797 | ||||||
Mercedes-Benz Finance North America LLC (Germany) | ||||||||
5.50%, 11/27/2024(b) | 11,250,000 | 11,246,577 | ||||||
6.17% (SOFR + 0.93%), 03/30/2025(b)(c) | 20,000,000 | 20,120,456 | ||||||
Toyota Motor Credit Corp., 4.80%, 01/10/2025 | 6,154,000 | 6,122,021 | ||||||
Volkswagen Group of America Finance LLC (Germany), 0.88%, 11/22/2023(b) | 7,000,000 | 6,890,249 | ||||||
|
| |||||||
75,862,233 | ||||||||
|
| |||||||
Biotechnology-0.65% | ||||||||
Gilead Sciences, Inc., 3.70%, 04/01/2024 | 12,000,000 | 11,846,594 | ||||||
|
| |||||||
Construction Materials-0.44% | ||||||||
Vulcan Materials Co., 5.80%, 03/01/2026 | 8,000,000 | 8,004,884 | ||||||
|
| |||||||
Consumer Finance-3.26% | ||||||||
Ally Financial, Inc., 1.45%, 10/02/2023 | 5,309,000 | 5,266,140 | ||||||
American Express Co., 4.99%, 05/01/2026(d) | 15,000,000 | 14,833,386 | ||||||
Capital One Financial Corp. | ||||||||
5.89% (SOFR + 0.69%), 12/06/2024(c) | 7,000,000 | 6,904,216 | ||||||
4.17%, 05/09/2025(d) | 9,600,000 | 9,393,926 | ||||||
General Motors Financial Co., Inc. | ||||||||
5.96% (SOFR + 0.76%), 03/08/2024(c) | 14,628,000 | 14,625,527 | ||||||
1.20%, 10/15/2024 | 8,824,000 | 8,366,355 | ||||||
|
| |||||||
59,389,550 | ||||||||
|
| |||||||
Diversified Banks-10.72% | ||||||||
Banco Santander S.A. (Spain), 3.89%, 05/24/2024 | 17,000,000 | 16,722,543 | ||||||
Bank of America Corp., 3.46%, 03/15/2025(d) | 8,050,000 | 7,922,592 | ||||||
Bank of Montreal (Canada), 5.91% (SOFR + 0.71%), 03/08/2024(c)(e) | 13,043,000 | 13,055,371 | ||||||
Bank of Nova Scotia (The) (Canada), 6.29% (SOFR + 1.09%), 06/12/2025(c) | 15,000,000 | 15,048,616 | ||||||
Banque Federative du Credit Mutuel S.A. (France), 0.65%, 02/27/2024(b) | 7,955,000 | 7,720,087 | ||||||
BPCE S.A. (France), 5.15%, 07/21/2024(b) | 5,040,000 | 4,960,028 | ||||||
Citigroup, Inc., 0.98%, 05/01/2025(d) | 12,000,000 | 11,549,233 | ||||||
Fifth Third Bancorp, 3.65%, 01/25/2024 | 5,993,000 | 5,927,039 | ||||||
JPMorgan Chase & Co. | ||||||||
0.65%, 09/16/2024(d) | 13,500,000 | 13,407,178 | ||||||
4.08%, 04/26/2026(d) | 13,000,000 | 12,700,286 | ||||||
KeyBank N.A., 5.54% (SOFR + 0.32%), 06/14/2024(c) | 8,109,000 | 7,934,641 | ||||||
Lloyds Banking Group PLC (United Kingdom), 6.90% (SOFR + 1.56%), 08/07/2027(c) | 9,474,000 | 9,474,000 | ||||||
Manufacturers & Traders Trust Co., 2.90%, 02/06/2025 | 11,588,000 | 11,034,236 |
Principal Amount | Value | |||||||
Diversified Banks-(continued) | ||||||||
National Securities Clearing Corp., 5.15%, 05/30/2025(b) | $ | 2,365,000 | $ | 2,363,639 | ||||
Standard Chartered PLC (United Kingdom), 1.82%, 11/23/2025(b)(d) | 5,661,000 | 5,330,710 | ||||||
Sumitomo Mitsui Financial Group, Inc. (Japan), 0.51%, 01/12/2024 | 1,364,000 | 1,330,588 | ||||||
Sumitomo Mitsui Trust Bank Ltd. (Japan), 2.55%, 03/10/2025(b) | 5,122,000 | 4,859,241 | ||||||
Swedbank AB (Sweden), 6.60% (SOFR + 1.38%), 06/15/2026(b)(c) | 15,000,000 | 15,127,859 | ||||||
Toronto-Dominion Bank (The) (Canada), 6.38% (SOFR + 1.08%), 07/17/2026(c)(e) | 12,500,000 | 12,501,157 | ||||||
UBS AG (Switzerland), 0.70%, 08/09/2024(b)(e) | 4,288,000 | 4,076,072 | ||||||
Wells Fargo & Co., 6.64% (SOFR + 1.32%), 04/25/2026(c)(e) | 12,000,000 | 12,105,738 | ||||||
|
| |||||||
195,150,854 | ||||||||
|
| |||||||
Diversified Capital Markets-0.86% | ||||||||
Macquarie Group Ltd. (Australia) | ||||||||
1.20%, 10/14/2025(b)(d) | 7,143,000 | 6,730,171 | ||||||
6.01% (SOFR + 0.71%), 10/14/2025(b)(c) | 9,000,000 | 8,947,150 | ||||||
|
| |||||||
15,677,321 | ||||||||
|
| |||||||
Diversified Financial Services-0.68% | ||||||||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland), 4.88%, 01/16/2024 | 12,500,000 | 12,426,839 | ||||||
|
| |||||||
Electric Utilities-1.70% | ||||||||
American Electric Power Co., Inc., Series M, 0.75%, 11/01/2023 | 3,797,000 | 3,750,662 | ||||||
NextEra Energy Capital Holdings, Inc. | ||||||||
4.26%, 09/01/2024 | 7,895,000 | 7,779,215 | ||||||
6.05%, 03/01/2025 | 11,927,000 | 12,018,612 | ||||||
Tampa Electric Co., 3.88%, 07/12/2024 | 3,188,000 | 3,136,927 | ||||||
Xcel Energy, Inc., 0.50%, 10/15/2023 | 4,372,000 | 4,326,180 | ||||||
|
| |||||||
31,011,596 | ||||||||
|
| |||||||
Electronic Components-0.15% | ||||||||
Amphenol Corp., 4.75%, 03/30/2026 | 2,745,000 | 2,722,828 | ||||||
|
| |||||||
Food Retail-0.48% | ||||||||
7-Eleven, Inc., 0.80%, 02/10/2024(b) | 9,000,000 | 8,758,138 | ||||||
|
| |||||||
Health Care Equipment-0.54% | ||||||||
Boston Scientific Corp., 3.45%, 03/01/2024 | 10,000,000 | 9,866,647 | ||||||
|
| |||||||
Health Care Services-0.96% | ||||||||
Cigna Group (The), 5.69%, 03/15/2026 | 17,370,000 | 17,381,284 | ||||||
|
| |||||||
Integrated Telecommunication Services-0.57% |
| |||||||
Verizon Communications, Inc., 5.74% (SOFR + 0.50%), 03/22/2024(c) | 10,417,000 | 10,423,320 | ||||||
|
| |||||||
Investment Banking & Brokerage-2.61% |
| |||||||
Charles Schwab Corp. (The) | ||||||||
5.72% (SOFR + 0.50%), 03/18/2024(c) | 12,379,000 | 12,354,589 | ||||||
5.65% (SOFR + 0.52%), 05/13/2026(c) | 5,251,000 | 5,183,059 | ||||||
Goldman Sachs Group, Inc. (The) | ||||||||
5.80% (SOFR + 0.49%), 10/21/2024(c) | 6,538,000 | 6,526,121 | ||||||
5.70%, 11/01/2024 | 4,165,000 | 4,161,584 |
See accompanying notes which are an integral part of this schedule.
Invesco Ultra Short Duration ETF (GSY)–(continued)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
Investment Banking & Brokerage-(continued) |
| |||||||
Morgan Stanley | ||||||||
5.95% (SOFR + 0.63%), 01/24/2025(c) | $ | 7,228,000 | $ | 7,217,908 | ||||
3.62%, 04/17/2025(d) | 12,230,000 | 12,028,515 | ||||||
|
| |||||||
47,471,776 | ||||||||
|
| |||||||
IT Consulting & Other Services-0.58% |
| |||||||
International Business Machines Corp., 4.50%, 02/06/2026 | 10,750,000 | 10,611,655 | ||||||
|
| |||||||
Life & Health Insurance-8.22% |
| |||||||
Athene Global Funding | ||||||||
0.95%, 01/08/2024(b) | 5,000,000 | 4,878,627 | ||||||
2.51%, 03/08/2024(b) | 10,173,000 | 9,937,824 | ||||||
5.86% (SOFR + 0.70%), 05/24/2024(b)(c) | 9,750,000 | 9,661,347 | ||||||
Brighthouse Financial Global Funding | ||||||||
6.05% (SOFR + 0.76%), 04/12/2024(b)(c) | 13,508,000 | 13,410,156 | ||||||
1.75%, 01/13/2025(b) | 12,727,000 | 11,919,309 | ||||||
Corebridge Global Funding, 5.75%, 07/02/2026(b) | 6,336,000 | 6,333,942 | ||||||
GA Global Funding Trust | ||||||||
1.00%, 04/08/2024(b) | 6,000,000 | 5,748,806 | ||||||
0.80%, 09/13/2024(b) | 10,909,000 | 10,224,764 | ||||||
5.71% (SOFR + 0.50%), 09/13/2024(b)(c) | 5,000,000 | 4,907,897 | ||||||
Jackson National Life Global Funding, 5.50%, 01/09/2026(b) | 16,667,000 | 16,360,860 | ||||||
Met Tower Global Funding, 5.40%, 06/20/2026(b) | 12,000,000 | 12,032,713 | ||||||
MetLife, Inc., 3.60%, 04/10/2024 | 12,000,000 | 11,805,864 | ||||||
Pacific Life Global Funding II | ||||||||
5.80% (SOFR + 0.62%), 06/04/2026(b)(c) | 6,420,000 | 6,326,584 | ||||||
6.38% (SOFR + 1.05%), 07/28/2026(b)(c) | 12,500,000 | 12,500,236 | ||||||
Protective Life Global Funding | ||||||||
0.63%, 10/13/2023(b) | 3,192,000 | 3,158,014 | ||||||
5.37%, 01/06/2026(b) | 10,339,000 | 10,310,019 | ||||||
|
| |||||||
149,516,962 | ||||||||
|
| |||||||
Life Sciences Tools & Services-0.72% |
| |||||||
Thermo Fisher Scientific, Inc., 0.80%, 10/18/2023 | 13,208,000 | 13,071,077 | ||||||
|
| |||||||
Managed Health Care-0.60% | ||||||||
Humana, Inc. | ||||||||
0.65%, 08/03/2023 | 2,917,000 | 2,916,591 | ||||||
5.70%, 03/13/2026 | 7,921,000 | 7,925,928 | ||||||
|
| |||||||
10,842,519 | ||||||||
|
| |||||||
Multi-line Insurance-1.33% | ||||||||
Metropolitan Life Global Funding I, 5.00%, 01/06/2026(b) | 17,241,000 | 17,123,630 | ||||||
New York Life Global Funding, 5.99% (SOFR + 0.65%), 05/02/2025(b)(c) | 7,000,000 | 7,015,939 | ||||||
|
| |||||||
24,139,569 | ||||||||
|
| |||||||
Multi-Utilities-0.42% | ||||||||
Dominion Energy, Inc., Series D, 6.08% (3 mo. USD LIBOR + 0.53%), 09/15/2023(c) | 7,692,000 | 7,692,603 | ||||||
|
|
Principal Amount | Value | |||||||
Office REITs-0.62% | ||||||||
Boston Properties L.P., 3.80%, 02/01/2024 | $ | 11,577,000 | $ | 11,354,236 | ||||
|
| |||||||
Oil & Gas Exploration & Production-1.28% |
| |||||||
Canadian Natural Resources Ltd. (Canada), 3.80%, 04/15/2024 | 19,343,000 | 19,072,687 | ||||||
Pioneer Natural Resources Co., 5.10%, 03/29/2026 | 4,314,000 | 4,300,907 | ||||||
|
| |||||||
23,373,594 | ||||||||
|
| |||||||
Oil & Gas Refining & Marketing-0.33% |
| |||||||
Phillips 66, 0.90%, 02/15/2024 | 6,250,000 | 6,087,973 | ||||||
|
| |||||||
Oil & Gas Storage & Transportation-2.68% |
| |||||||
Enbridge, Inc. (Canada) | ||||||||
4.00%, 10/01/2023 | 15,000,000 | 14,949,582 | ||||||
0.55%, 10/04/2023 | 5,000,000 | 4,954,109 | ||||||
5.77% (SOFR + 0.63%), 02/16/2024(c) | 4,606,000 | 4,608,410 | ||||||
5.97%, 03/08/2026 | 12,226,000 | 12,246,866 | ||||||
Kinder Morgan, Inc., 5.63%, 11/15/2023(b) | 12,000,000 | 11,990,405 | ||||||
|
| |||||||
48,749,372 | ||||||||
|
| |||||||
Packaged Foods & Meats-0.24% | ||||||||
Conagra Brands, Inc., 0.50%, 08/11/2023 | 4,327,000 | 4,321,144 | ||||||
|
| |||||||
Paper Products-0.68% | ||||||||
Georgia-Pacific LLC, 3.60%, 03/01/2025(b) | 12,750,000 | 12,353,573 | ||||||
|
| |||||||
Pharmaceuticals-0.68% | ||||||||
Bristol-Myers Squibb Co., 0.54%, 11/13/2023 | 12,500,000 | 12,326,750 | ||||||
|
| |||||||
Regional Banks-1.24% | ||||||||
ANZ New Zealand (Int’l) Ltd. (New Zealand), 5.74% (SOFR + 0.60%), 02/18/2025(b)(c)(e) | 7,500,000 | 7,501,095 | ||||||
Huntington Bancshares, Inc., 2.63%, 08/06/2024(e) | 5,105,000 | 4,936,344 | ||||||
Morgan Stanley Bank N.A., 6.10% (SOFR + 0.78%), 07/16/2025(c) | 10,135,000 | 10,150,585 | ||||||
|
| |||||||
22,588,024 | ||||||||
|
| |||||||
Restaurants-0.35% | ||||||||
Starbucks Corp., 5.55% (SOFR + 0.42%), 02/14/2024(c) | 6,318,000 | 6,318,326 | ||||||
|
| |||||||
Retail REITs-0.20% | ||||||||
Realty Income Corp., 5.05%, 01/13/2026 | 3,687,000 | 3,664,712 | ||||||
|
| |||||||
Specialized Finance-0.65% | ||||||||
Blackstone Private Credit Fund, 2.70%, 01/15/2025 | 12,645,000 | 11,910,855 | ||||||
|
| |||||||
Specialty Chemicals-0.26% | ||||||||
Sherwin-Williams Co. (The), 4.05%, 08/08/2024 | 4,808,000 | 4,727,980 | ||||||
|
| |||||||
Systems Software-0.97% | ||||||||
VMware, Inc. | ||||||||
0.60%, 08/15/2023 | 8,064,000 | 8,048,256 | ||||||
1.00%, 08/15/2024 | 10,000,000 | 9,515,684 | ||||||
|
| |||||||
17,563,940 | ||||||||
|
| |||||||
Technology Distributors-0.63% | ||||||||
Arrow Electronics, Inc., 6.13%, 03/01/2026 | 11,494,000 | 11,480,001 | ||||||
|
|
See accompanying notes which are an integral part of this schedule.
Invesco Ultra Short Duration ETF (GSY)–(continued)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
Telecom Tower REITs-0.71% | ||||||||
American Tower Corp., 4.00%, 06/01/2025 | $ | 13,261,000 | $ | 12,883,851 | ||||
|
| |||||||
Trading Companies & Distributors-1.19% |
| |||||||
Air Lease Corp. | ||||||||
3.00%, 09/15/2023 | 7,000,000 | 6,973,600 | ||||||
4.25%, 02/01/2024 | 8,514,000 | 8,441,802 | ||||||
0.80%, 08/18/2024 | 6,650,000 | 6,305,341 | ||||||
|
| |||||||
21,720,743 | ||||||||
|
| |||||||
Total U.S. Dollar Denominated Bonds & Notes (Cost $964,920,130) |
| 957,596,048 | ||||||
|
| |||||||
Asset-Backed Securities-15.96% |
| |||||||
ABPCI Direct Lending Fund CLO II LLC (Cayman Islands), Series 2017-1A, Class A1R, 7.19% (3 mo. Term SOFR + 1.86%), 04/20/2032(b)(c) | 2,000,000 | 1,980,676 | ||||||
Amur Equipment Finance Receivables XII LLC, Series 2023-1A, Class A2, 6.09%, 12/20/2029(b) | 8,250,000 | 8,240,103 | ||||||
Angel Oak Mortgage Trust | ||||||||
Series 2020-1, Class A1, 2.16%, 12/25/2059(b)(f) | 1,170,781 | 1,096,571 | ||||||
Series 2020-5, Class A1, 1.37%, 05/25/2065(b)(f) | 2,013,068 | 1,851,190 | ||||||
Atrium XIII (Cayman Islands), Series 13A, Class A1, 6.79% (3 mo. Term SOFR + 1.44%), 11/21/2030(b)(c) | 2,947,330 | 2,942,467 | ||||||
AUF Funding LLC, Series 2022-1A, Class A1LN, 7.83% (3 mo. Term SOFR + 2.50%), 01/20/2031(b)(c) | 13,446,344 | 13,460,852 | ||||||
Avis Budget Rental Car Funding (AESOP) LLC, Series 2019-2A, Class A, 3.35%, 09/22/2025(b) | 9,000,000 | 8,768,031 | ||||||
Bear Stearns Asset Backed Securities I Trust, Series 2006-HE9, Class 2A, 5.69% (1 mo. Term SOFR + 0.39%), 11/25/2036(c) | 724,856 | 702,435 | ||||||
BINOM Securitization Trust, Series 2021- INV1, Class A1, 2.03%, 06/25/2056(b)(f) | 4,007,289 | 3,432,378 | ||||||
BRAVO Residential Funding Trust, Series 2021-NQM2, Class A1, 0.97%, 03/25/2060(b)(f) | 2,642,275 | 2,468,001 | ||||||
CBAM Ltd. (Cayman Islands), Series 2018- 5A, Class A, 6.59% (3 mo. Term SOFR + 1.28%), 04/17/2031(b)(c) | 6,209,550 | 6,180,198 | ||||||
Chesapeake Funding II LLC (Canada), Series 2023-1A, Class A2, 6.32% (30 Day Average SOFR + 1.25%), 05/15/2035(b)(c) | 12,204,408 | 12,226,945 | ||||||
CIT Mortgage Loan Trust, Series 2007-1, Class 1A, 6.76% (1 mo. Term SOFR + 1.46%), 10/25/2037(b)(c) | 130,122 | 129,898 | ||||||
COLT Mortgage Loan Trust | ||||||||
Series 2020-2R, Class A1, 1.33%, 10/26/2065(b)(f) | 1,843,597 | 1,646,340 | ||||||
Series 2021-4, Class A1, 1.40%, 10/25/2066(b)(f) | 12,139,457 | 9,593,640 |
Principal Amount | Value | |||||||
CSMC Trust, Series 2014-2R, Class 27A1, 3.81% (1 mo. USD LIBOR + 0.20%), 02/27/2046(b)(c) | $ | 20,764 | $ | 20,623 | ||||
CWABS, Inc. Asset-Backed Ctfs. Trust, Series 2004-4, Class M1, 6.13% (1 mo. Term SOFR + 0.83%), 07/25/2034(c) | 563,833 | 556,174 | ||||||
Deephaven Residential Mortgage Trust, Series 2021-2, Class A1, 0.90%, 04/25/2066(b)(f) | 5,102,361 | 4,401,075 | ||||||
Dryden 30 Senior Loan Fund (Cayman Islands), Series 2013-30A, Class AR, 6.14% (3 mo. USD LIBOR + 0.82%), 11/15/2028(b)(c) | 10,650,958 | 10,613,499 | ||||||
Ellington Financial Mortgage Trust | ||||||||
Series 2019-2, Class A1, 2.74%, 11/25/2059(b)(f) | 1,458,391 | 1,355,066 | ||||||
Series 2020-2, Class A1, 1.18%, 10/25/2065(b)(f) | 324,497 | 291,167 | ||||||
FS KKR MM CLO 1 LLC, Series 2019-1A, Class A1R, 7.42% (3 mo. Term SOFR + 2.11%), 01/15/2031(b)(c) | 8,798,205 | 8,724,133 | ||||||
GM Financial Automobile Leasing Trust, Series 2023-2, Class A2B, 5.89% (30 Day Average SOFR + 0.82%), 10/20/2025(c) | 2,250,000 | 2,255,765 | ||||||
GMF Floorplan Owner Revolving Trust, Series 2023-1, Class A2, 6.22% (30 Day Average SOFR + 1.15%), 06/15/2028(b)(c) | 15,000,000 | 15,062,139 | ||||||
GoldenTree Loan Management US CLO 2 Ltd. (Cayman Islands), Series 2017-2A, Class AR, 6.50% (3 mo. Term SOFR + 1.17%), 11/20/2030(b)(c) | 9,057,032 | 9,027,624 | ||||||
GoldenTree Loan Opportunities IX Ltd. (Cayman Islands), Series 2014-9A, Class AR2, 6.74% (3 mo. Term SOFR + 1.37%), 10/29/2029(b)(c) | 5,841,886 | 5,839,052 | ||||||
Golub Capital Partners CLO 34(M) Ltd. (Cayman Islands), Series 2017-34A, Class AR2, 7.08% (3 mo. USD LIBOR + 1.45%), 03/14/2031(b)(c) | 13,885,701 | 13,731,237 | ||||||
Golub Capital Partners CLO 36(M) Ltd. (Cayman Islands), Series 2018-36A, Class A, 6.93% (3 mo. USD LIBOR + 1.30%), 02/05/2031(b)(c) | 4,657,010 | 4,617,025 | ||||||
Golub Capital Partners CLO 45(M) Ltd. (Cayman Islands), Series 2019-45A, Class A, 7.31% (3 mo. Term SOFR + 1.98%), 10/20/2031(b)(c) | 5,000,000 | 4,950,175 | ||||||
Golub Capital Partners CLO 47(M) Ltd. (Cayman Islands), Series 2020-47A, Class A1, 7.31% (3 mo. USD LIBOR + 1.68%), 05/05/2032(b)(c) | 10,000,000 | 9,873,890 | ||||||
GS Mortgage-Backed Securities Trust, Series 2020-NQM1, Class A1, 1.38%, 09/27/2060(b)(f) | 1,743,874 | 1,607,132 | ||||||
HSI Asset Securitization Corp. Trust, Series 2006-OPT2, Class M2, 6.00% (1 mo. Term SOFR + 0.70%), 01/25/2036(c) | 762,225 | 741,226 |
See accompanying notes which are an integral part of this schedule.
Invesco Ultra Short Duration ETF (GSY)–(continued)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
Hyundai Auto Lease Securitization Trust, Series 2023-B, Class A2B, 5.82% (30 Day Average SOFR + 0.75%), 09/15/2025(b)(c) | $ | 3,250,000 | $ | 3,252,320 | ||||
KKR CLO 21 Ltd. (Cayman Islands), Series A, 6.57% (3 mo. Term SOFR + 1.26%), 04/15/2031(b)(c) | 1,991,240 | 1,980,172 | ||||||
Nationstar Home Equity Loan Trust, Series 2007-B, Class 1AV1, 5.63% (1 mo. Term SOFR + 0.33%), 04/25/2037(c) | 361,061 | 358,532 | ||||||
Navient Private Education Refi Loan Trust | ||||||||
Series 2020-FA, Class A, 1.22%, 07/15/2069(b) | 1,983,361 | 1,767,398 | ||||||
Series 2021-FA, Class A, 1.11%, 02/18/2070(b) | 3,710,752 | 3,125,426 | ||||||
Neuberger Berman CLO XIV Ltd. (Cayman Islands), Series 2013-14A, Class AR2, 6.66% (3 mo. Term SOFR + 1.29%), 01/28/2030(b)(c) | 9,155,163 | 9,133,640 | ||||||
Neuberger Berman Loan Advisers CLO 25 Ltd. (Cayman Islands), Series 2017-25A, Class AR, 6.50% (3 mo. Term SOFR + 1.19%), 10/18/2029(b)(c) | 9,515,089 | 9,474,165 | ||||||
New Residential Mortgage Loan Trust Series 2017-5A, Class A1, 6.91% (1 mo. Term SOFR + 1.61%), 06/25/2057(b)(c) | 293,711 | 293,036 | ||||||
Series 2019-NQM4, Class A1, 2.49%, 09/25/2059(b)(f) | 1,835,487 | 1,702,584 | ||||||
Series 2020-NQM1, Class A1, 2.46%, 01/26/2060(b)(f) | 1,196,212 | 1,085,632 | ||||||
OBX Trust | ||||||||
Series 2018-EXP1, Class 2A1, 6.26% (1 mo. Term SOFR + 0.96%), 04/25/2048(b)(c) | 93,412 | 93,085 | ||||||
Series 2021-NQM2, Class A1, 1.10%, 05/25/2061(b)(f) | 9,111,703 | 7,143,714 | ||||||
OCP CLO Ltd. (Cayman Islands), Series 2014-7A, Class A1RR, 6.71% (3 mo. Term SOFR + 1.38%), 07/20/2029(b)(c) | 5,546,112 | 5,540,810 | ||||||
Octagon Investment Partners XVII Ltd. (Cayman Islands), Series 2013-1A, Class A1R2, 6.61% (3 mo. Term SOFR + 1.26%), 01/25/2031(b)(c) | 4,832,874 | 4,820,116 | ||||||
Race Point VIII CLO Ltd. (Cayman Islands), Series 2013-8A, Class AR2, 6.42% (3 mo. USD LIBOR + 1.04%), 02/20/2030(b)(c) | 8,608,579 | 8,586,059 | ||||||
Residential Mortgage Loan Trust | ||||||||
Series 2019-3, Class A1, 2.63%, 09/25/2059(b)(f) | 727,485 | 704,102 | ||||||
Series 2020-1, Class A1, 2.38%, 01/26/2060(b)(f) | 925,663 | 880,079 | ||||||
Starwood Mortgage Residential Trust | ||||||||
Series 2020-1, Class A1, 2.28%, 02/25/2050(b)(f) | 226,680 | 210,708 | ||||||
Series 2020-INV1, Class A1, 1.03%, 11/25/2055(b)(f) | 2,878,285 | 2,565,134 |
Principal Amount | Value | |||||||
Series 2021-2, Class A1, 0.94%, 05/25/2065(b)(f) | $ | 2,883,429 | $ | 2,563,672 | ||||
Series 2021-4, Class A1, 1.16%, 08/25/2056(b)(f) | 8,756,762 | 7,322,292 | ||||||
Stratus CLO Ltd. (Cayman Islands), Series 2021-2A, Class A, 6.49% (3 mo. Term SOFR + 1.16%), 12/28/2029(b)(c) | 9,412,159 | 9,367,611 | ||||||
TRK Trust, Series 2021-INV1, Class A1, 1.15%, 07/25/2056(b)(f) | 6,511,443 | 5,505,051 | ||||||
Verus Securitization Trust | ||||||||
Series 2020-1, Class A1, 2.42%, 01/25/2060(b)(g) | 1,340,218 | 1,296,930 | ||||||
Series 2020-5, Class A1, 1.22%, 05/25/2065(b)(g) | 2,840,780 | 2,577,856 | ||||||
Series 2021-4, Class A1, 0.94%, 07/25/2066(b)(f) | 10,076,071 | 7,950,406 | ||||||
Series 2022-INV2, Class A1, 6.79%, 10/25/2067(b)(g) | 8,097,855 | 8,125,906 | ||||||
Series 2023-INV2, Class A1, 6.44%, 08/25/2068(b)(g) | 9,000,000 | 9,029,400 | ||||||
Visio Trust, Series 2020-1R, Class A1, 1.31%, 11/25/2055(b) | 2,570,559 | 2,285,577 | ||||||
World Omni Automobile Lease Securitization Trust, Series 2023-A, Class A2B, 5.83% (30 Day Average SOFR + 0.76%), 11/17/2025(c) | 3,250,000 | 3,252,978 | ||||||
|
| |||||||
Total Asset-Backed Securities |
| 290,381,118 | ||||||
|
| |||||||
U.S. Treasury Securities-1.94% |
| |||||||
U.S. Treasury Bills-1.94% | ||||||||
4.12%–4.37%, 10/05/2023(h) | 35,700,000 | 35,361,379 | ||||||
|
| |||||||
Variable Rate Senior Loan Interests-0.07%(i)(j) |
| |||||||
Aerospace & Defense-0.07% | ||||||||
Fly Funding II S.a.r.l. (India), Term Loan B, 7.09% (3 mo. USD LIBOR + 1.75%), 08/09/2025 | 1,411,099 | 1,345,307 | ||||||
|
| |||||||
Shares | ||||||||
Exchange-Traded Funds-0.06% |
| |||||||
Invesco AAA CLO Floating Rate Note ETF(e)(k) | 39,000 | 998,010 | ||||||
|
| |||||||
Principal Amount | ||||||||
Commercial Paper-28.01%(h) |
| |||||||
3M Co., 5.34%, 02/05/2024(b) | $ | 14,475,000 | 14,058,630 | |||||
AES Corp. (The), 6.07%, 08/04/2023 | 17,700,000 | 17,687,942 | ||||||
Arrow Electronics, Inc., 5.77%, 08/11/2023(b) | 10,000,000 | 9,982,379 | ||||||
AT&T, Inc. | ||||||||
5.61%, 11/21/2023(b) | 10,000,000 | 9,822,998 | ||||||
5.68%, 12/19/2023(b) | 15,000,000 | 14,665,713 | ||||||
5.93%, 03/19/2024(b) | 10,000,000 | 9,626,158 | ||||||
AutoNation, Inc. | ||||||||
6.07%, 08/17/2023(b) | 14,200,000 | 14,161,450 | ||||||
5.98%, 08/21/2023(b) | 13,000,000 | 12,956,388 | ||||||
Aviation Capital Group LLC | 20,000,000 | 19,996,902 |
See accompanying notes which are an integral part of this schedule.
Invesco Ultra Short Duration ETF (GSY)–(continued)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
6.08%, 08/14/2023(b) | $ | 5,100,000 | $ | 5,088,917 | ||||
6.06%, 08/21/2023(b) | 18,000,000 | 17,941,294 | ||||||
Barclays Capital, Inc. | ||||||||
6.00%, 12/21/2023 | 7,500,000 | 7,334,418 | ||||||
5.41%, 02/01/2024 | 8,000,000 | 7,769,613 | ||||||
5.41%, 02/02/2024 | 12,000,000 | 11,652,490 | ||||||
6.14%, 07/24/2024 | 15,000,000 | 14,144,533 | ||||||
Bayer Corp. | ||||||||
6.15%, 09/19/2023(b) | 10,000,000 | 9,925,028 | ||||||
6.30%, 07/16/2024(b) | 15,000,000 | 14,122,193 | ||||||
6.30%, 07/24/2024(b) | 10,000,000 | 9,405,755 | ||||||
Brookfield Corporate Treasury Ltd. | ||||||||
5.66%, 08/02/2023(b) | 3,500,000 | 3,498,930 | ||||||
5.69%, 08/03/2023(b) | 10,000,000 | 9,995,413 | ||||||
Brookfield Infrastructure Holdings Canada, Inc. | ||||||||
5.82%, 08/09/2023 | 15,000,000 | 14,979,506 | ||||||
6.00%, 08/15/2023 | 13,500,000 | 13,469,091 | ||||||
Canadian Natural Resources Ltd. | ||||||||
5.99%–6.01%, 08/09/2023(b) | 9,000,000 | 8,986,536 | ||||||
6.08%, 08/24/2023(b) | 4,000,000 | 3,983,691 | ||||||
Enel Finance America LLC, 7.00%, 09/06/2023(b) | 15,000,000 | 14,915,316 | ||||||
Energy Transfer L.P., 6.00%, 08/01/2023. | 36,000,000 | 35,994,306 | ||||||
Fiserv, Inc., 5.41%, 08/04/2023(b) | 500,000 | 499,696 | ||||||
Global Payments, Inc., 5.87%, 08/01/2023 | 6,000,000 | 5,999,008 | ||||||
Harley-Davidson Financial Services, Inc. | ||||||||
5.86%, 08/02/2023(b) | 5,000,000 | 4,998,457 | ||||||
5.93%, 08/08/2023(b) | 5,000,000 | 4,993,824 | ||||||
5.92%, 08/10/2023(b) | 7,000,000 | 6,989,185 | ||||||
HSBC USA, Inc. | ||||||||
5.89%, 01/12/2024(b) | 10,000,000 | 9,734,442 | ||||||
5.64%, 02/01/2024(b) | 15,000,000 | 14,547,058 | ||||||
Jabil, Inc., 6.10%, 08/01/2023(b) | 18,200,000 | 18,196,919 | ||||||
Leidos, Inc., 5.93%, 08/28/2023(b) | 2,700,000 | 2,687,801 | ||||||
Oglethorpe Power Corp., 5.58%, 08/11/2023(b) | 4,017,000 | 4,009,931 | ||||||
Paramount Global | ||||||||
5.67%, 08/04/2023(b) | 16,500,000 | 16,489,460 | ||||||
5.71%, 08/09/2023(b) | 500,000 | 499,282 | ||||||
Sanofi, 5.14%, 01/26/2024(b) | 12,000,000 | 11,673,444 | ||||||
Suncor Energy, Inc., 5.53%, 08/14/2023(b) | 15,000,000 | 14,968,179 |
Principal Amount | Value | |||||||
TELUS Corp., 5.19%, 08/02/2023(b) | $ | 15,000,000 | $ | 14,995,454 | ||||
UBS AG, 6.13%, 07/24/2024(b) | 14,750,000 | 13,895,769 | ||||||
Walgreens Boots Alliance, Inc., 5.98%, 08/15/2023(b) | 10,000,000 | 9,975,063 | ||||||
Waste Management, Inc., 5.43%, 08/14/2023(b) | 8,000,000 | 7,983,029 | ||||||
WGL Holdings, Inc., 6.06%, 08/04/2023(b) | 485,000 | 484,703 | ||||||
White Plains Capital Co. LLC, 5.68%, 08/02/2023(b) | 20,000,000 | 19,993,883 | ||||||
|
| |||||||
Total Commercial Paper |
| 509,780,177 | ||||||
|
| |||||||
Certificates of Deposit-1.48% |
| |||||||
Diversified Banks-1.48% | ||||||||
Commonwealth Bank of Australia (Australia), 5.30%, 02/09/2024 | 15,000,000 | 14,958,960 | ||||||
Natixis S.A., 6.00%, 07/26/2024 | 12,000,000 | 12,009,024 | ||||||
|
| |||||||
26,967,984 | ||||||||
|
| |||||||
Total Certificates of Deposit |
| 26,967,984 | ||||||
|
| |||||||
TOTAL INVESTMENTS IN SECURITIES |
| 1,822,430,023 | ||||||
|
| |||||||
Shares | ||||||||
Investments Purchased with Cash Collateral from Securities on Loan |
| |||||||
Money Market Funds-0.51% |
| |||||||
Invesco Private Government Fund, 5.24%(k)(l)(m) | 2,595,605 | 2,595,605 | ||||||
Invesco Private Prime Fund, | 6,674,412 | 6,674,412 | ||||||
|
| |||||||
Total Investments Purchased with Cash Collateral from Securities on Loan |
| 9,270,017 | ||||||
|
| |||||||
TOTAL INVESTMENTS IN SECURITIES-100.64% |
| 1,831,700,040 | ||||||
OTHER ASSETS LESS LIABILITIES-(0.64)% |
| (11,668,844 | ) | |||||
|
| |||||||
NET ASSETS-100.00% | $ | 1,820,031,196 | ||||||
|
|
See accompanying notes which are an integral part of this schedule.
Invesco Ultra Short Duration ETF (GSY)–(continued)
July 31, 2023
(Unaudited)
Investment Abbreviations: | ||
CLO | -Collateralized Loan Obligation | |
Ctfs. | -Certificates | |
ETF | -Exchange-Traded Fund | |
LIBOR | -London Interbank Offered Rate | |
REIT | -Real Estate Investment Trust | |
SOFR | -Secured Overnight Financing Rate | |
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, 2023 was $995,572,325, which represented 54.70% of the Fund’s Net Assets. |
(c) | Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on July 31, 2023. |
(d) | Security issued at a fixed rate for a specific period of time, after which it will convert to a variable rate. |
(e) | All or a portion of this security was out on loan at July 31, 2023. |
(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, 2023. |
(g) | Step coupon bond. The interest rate represents the coupon rate at which the bond will accrue at a specified future date. |
(h) | Security traded on a discount basis. The interest rate shown represents the discount rate at the time of purchase by the Fund. |
(i) | 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. |
(j) | 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. |
(k) | 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, 2023. |
Value October 31, 2022 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation | Realized Gain (Loss) | Value July 31, 2023 | Dividend Income | |||||||||||||||||||||||||||||||||||||||||||||||||
Invesco AAA CLO Floating Rate Note ETF | $ | - | $ | 996,840 | $ | - | $ | 1,170 | $ | - | $ | 998,010 | $ | 20,332 | |||||||||||||||||||||||||||||||||||||||||
Investments Purchased with Cash Collateral from Securities on Loan: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Invesco Private Government Fund | 546,142 | 34,078,992 | (32,029,529 | ) | - | - | 2,595,605 | 62,249 | * | ||||||||||||||||||||||||||||||||||||||||||||||
Invesco Private Prime Fund | 1,404,000 | 70,293,538 | (65,020,949 | ) | 346 | (2,523 | ) | 6,674,412 | 165,493 | * | |||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||||||||||||||||||||||||||||||
Total | $ | 1,950,142 | $ | 105,369,370 | $ | (97,050,478 | ) | $ | 1,516 | $ | (2,523 | ) | $ | 10,268,027 | $ | 248,074 | |||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* | Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from borrowers, if any. |
(l) | The rate shown is the 7-day SEC standardized yield as of July 31, 2023. |
(m) | 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, 2023
(Unaudited)
Principal Amount | Value | |||||||
U.S. Dollar Denominated Bonds & Notes-41.21% |
| |||||||
Agricultural & Farm Machinery-0.11% |
| |||||||
John Deere Capital Corp., 5.74% (SOFR + 0.56%), 03/07/2025(b) | $ | 678,000 | $ | 679,716 | ||||
|
| |||||||
Automobile Manufacturers-2.21% | ||||||||
BMW US Capital LLC (Germany), 6.10% (SOFR + 0.84%), 04/01/2025(b)(c)(d) | 897,000 | 899,583 | ||||||
Ford Motor Credit Co. LLC, 8.14% (SOFR + 2.95%), 03/06/2026(b) | 3,988,000 | 4,007,605 | ||||||
Mercedes-Benz Finance North America LLC (Germany), 6.17% (SOFR + 0.93%), 03/30/2025(b)(c) | 2,000,000 | 2,012,046 | ||||||
Toyota Motor Credit Corp. | ||||||||
5.49% (SOFR + 0.26%), 06/18/2024(b) | 3,000,000 | 2,994,469 | ||||||
5.84% (SOFR + 0.56%), 01/10/2025(b)(d) | 2,500,000 | 2,500,881 | ||||||
Volkswagen Group of America Finance LLC (Germany), 6.15% (SOFR + 0.95%), 06/07/2024(b)(c) | 1,667,000 | 1,674,469 | ||||||
|
| |||||||
14,089,053 | ||||||||
|
| |||||||
Commercial & Residential Mortgage Finance-0.61% |
| |||||||
Nationwide Building Society (United Kingdom), 6.43% (SOFR + 1.29%), 02/16/2028(b)(c) | 4,000,000 | 3,891,486 | ||||||
|
| |||||||
Construction Machinery & Heavy Transportation Equipment-1.02% |
| |||||||
Daimler Trucks Finance North America LLC (Germany) | ||||||||
6.27% (SOFR + 1.00%), 04/05/2024(b)(c) | 3,500,000 | 3,506,556 | ||||||
5.97% (SOFR + 0.75%), 12/13/2024(b)(c) | 3,000,000 | 2,995,975 | ||||||
|
| |||||||
6,502,531 | ||||||||
|
| |||||||
Consumer Finance-1.97% | ||||||||
American Express Co., 5.57% (SOFR + 0.23%), 11/03/2023(b)(d) | 2,500,000 | 2,498,843 | ||||||
Capital One Financial Corp. | ||||||||
5.89% (SOFR + 0.69%), 12/06/2024(b) | 3,000,000 | 2,958,950 | ||||||
6.47% (SOFR + 1.35%), 05/09/2025(b)(d) | 3,499,000 | 3,473,786 | ||||||
General Motors Financial Co., Inc. | ||||||||
5.96% (SOFR + 0.76%), 03/08/2024(b) | 1,154,000 | 1,153,805 | ||||||
6.58% (SOFR + 1.30%), 04/07/2025(b)(d) | 2,500,000 | 2,498,019 | ||||||
|
| |||||||
12,583,403 | ||||||||
|
| |||||||
Diversified Banks-19.94% | ||||||||
Banco Santander S.A. (Spain), 6.39% (SOFR + 1.24%), 05/24/2024(b)(d) | 2,600,000 | 2,614,584 | ||||||
Bank of America Corp. | ||||||||
6.06% (SOFR + 0.73%), 10/24/2024(b)(d) | 2,000,000 | 2,000,129 | ||||||
6.42% (SOFR + 1.10%), 04/25/2025(b) | 3,500,000 | 3,510,460 | ||||||
6.10% (3 mo. USD LIBOR + 0.77%), 02/05/2026(b) | 1,042,000 | 1,045,145 | ||||||
6.31% (3 mo. USD LIBOR + 0.76%), 09/15/2026(b) | 2,696,000 | 2,658,634 | ||||||
6.29% (SOFR + 0.97%), 07/22/2027(b) | 3,500,000 | 3,486,980 | ||||||
6.39% (SOFR + 1.05%), 02/04/2028(b) | 1,685,000 | 1,682,141 | ||||||
Bank of Montreal (Canada), 6.51% (SOFR + 1.33%), 06/05/2026(b) | 2,429,000 | 2,446,133 | ||||||
Bank of Nova Scotia (The) (Canada) | ||||||||
5.73% (SOFR + 0.55%), 03/02/2026(b) | 2,500,000 | 2,472,959 | ||||||
5.25%, 06/12/2028 | 2,500,000 | 2,497,483 | ||||||
Banque Federative du Credit Mutuel S.A. (France), 6.69% (SOFR + 1.40%), 07/13/2026(b)(c) | 4,200,000 | 4,213,961 |
Principal Amount | Value | |||||||
Diversified Banks-(continued) | ||||||||
Citigroup, Inc. | ||||||||
6.00% (SOFR + 0.67%), 05/01/2025(b)(d) | $ | 2,500,000 | $ | 2,497,310 | ||||
6.54% (SOFR + 1.37%), 05/24/2025(b) | 3,000,000 | 3,015,781 | ||||||
6.78% (3 mo. USD LIBOR + 1.25%), 07/01/2026(b) | 1,882,000 | 1,904,829 | ||||||
Commonwealth Bank of Australia (Australia), 5.74% (SOFR + 0.52%), 06/15/2026(b)(c) | 3,000,000 | 2,982,068 | ||||||
Credit Suisse AG (Switzerland), 5.50% (SOFR + 0.38%), 08/09/2023(b) | 975,000 | 974,210 | ||||||
HSBC Holdings PLC (United Kingdom) | ||||||||
6.62% (SOFR + 1.43%), 03/10/2026(b) | 4,500,000 | 4,529,476 | ||||||
6.92% (3 mo. USD LIBOR + 1.38%), 09/12/2026(b) | 3,000,000 | 3,021,186 | ||||||
Huntington National Bank (The), 6.33% (SOFR + 1.19%), 05/16/2025(b) | 3,300,000 | 3,216,299 | ||||||
ING Groep N.V. (Netherlands) | ||||||||
6.53% (3 mo. USD LIBOR + 1.00%), 10/02/2023(b) | 4,950,000 | 4,954,349 | ||||||
6.89% (SOFR + 1.64%), 03/28/2026(b) | 3,500,000 | 3,518,457 | ||||||
6.26% (SOFR + 1.01%), 04/01/2027(b) | 4,214,000 | 4,151,331 | ||||||
JPMorgan Chase & Co. | ||||||||
5.72% (SOFR + 0.54%), 06/01/2025(b) | 4,000,000 | 3,988,132 | ||||||
5.80% (SOFR + 0.60%), 12/10/2025(b) | 3,000,000 | 2,990,997 | ||||||
6.65% (SOFR + 1.32%), 04/26/2026(b) | 2,400,000 | 2,418,541 | ||||||
6.34% (SOFR + 1.18%), 02/24/2028(b)(d) | 3,500,000 | 3,515,501 | ||||||
KeyBank N.A. | ||||||||
5.60%, 01/03/2024(d)(e) | 2,000,000 | 1,978,777 | ||||||
5.54% (SOFR + 0.32%), 06/14/2024(b) | 2,500,000 | 2,446,245 | ||||||
5.54%, 06/14/2024(e) | 1,351,000 | 1,325,859 | ||||||
Lloyds Banking Group PLC (United Kingdom), 6.90% (SOFR + 1.56%), 08/07/2027(b) | 3,158,000 | 3,158,000 | ||||||
Mitsubishi UFJ Financial Group, Inc. (Japan) | ||||||||
6.95% (SOFR + 1.65%), 07/18/2025(b)(d) | 2,500,000 | 2,520,312 | ||||||
6.08% (SOFR + 0.94%), 02/20/2026(b) | 3,500,000 | 3,500,945 | ||||||
NatWest Markets PLC (United Kingdom), 5.66% (SOFR + 0.53%), 08/12/2024(b)(c) | 571,000 | 568,631 | ||||||
Nordea Bank Abp (Finland), 6.40% (3 mo. USD LIBOR + 0.94%), 08/30/2023(b)(c) | 2,987,000 | 2,988,338 | ||||||
Royal Bank of Canada (Canada) | ||||||||
6.14% (SOFR + 0.84%), 04/14/2025(b) | 4,000,000 | 4,004,359 | ||||||
6.39% (SOFR + 1.08%), 07/20/2026(b) | 3,000,000 | 3,001,389 | ||||||
Societe Generale S.A. (France), 6.36% (SOFR + 1.05%), 01/21/2026(b)(c) | 4,500,000 | 4,491,424 | ||||||
Standard Chartered PLC (United Kingdom) | ||||||||
7.00% (SOFR + 1.74%), 03/30/2026(b)(c) | 3,108,000 | 3,127,136 | ||||||
7.20% (SOFR + 1.93%), 07/06/2027(b)(c) | 4,000,000 | 4,029,125 | ||||||
Sumitomo Mitsui Financial Group, Inc. (Japan), 6.71% (SOFR + 1.43%), 01/13/2026(b)(d) | 2,000,000 | 2,017,764 | ||||||
Svenska Handelsbanken AB (Sweden), 6.47% (SOFR + 1.25%), 06/15/2026(b)(c) | 1,275,000 | 1,283,922 | ||||||
Swedbank AB (Sweden), 6.18% (SOFR + 0.91%), 04/04/2025(b)(c) | 4,615,000 | 4,615,831 | ||||||
Truist Bank, 5.50% (SOFR + 0.20%), 01/17/2024(b) | 3,000,000 | 2,980,584 | ||||||
USB Realty Corp., 6.72%(c)(e)(f) | 1,100,000 | 783,468 | ||||||
Wells Fargo & Co., 6.64% (SOFR + 1.32%), 04/25/2026(b)(d) | 2,000,000 | 2,017,623 | ||||||
|
| |||||||
127,146,808 | ||||||||
|
|
See accompanying notes which are an integral part of this schedule.
Invesco Variable Rate Investment Grade ETF (VRIG)–(continued)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
Diversified Financial Services-0.47% | ||||||||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland), 5.94% (SOFR + 0.68%), 09/29/2023(b) | $ | 3,000,000 | $ | 2,997,215 | ||||
|
| |||||||
Electric Utilities-1.70% | ||||||||
American Electric Power Co., Inc., Series A, 6.11% (3 mo. USD LIBOR + 0.48%), 11/01/2023(b) | 3,000,000 | 2,999,071 | ||||||
Eversource Energy, Series T, 5.38% (SOFR + 0.25%), 08/15/2023(b) | 3,000,000 | 2,997,736 | ||||||
NextEra Energy Capital Holdings, Inc., 6.25% (SOFR + 1.02%), 03/21/2024(b)(d) | 4,850,000 | 4,852,456 | ||||||
|
| |||||||
10,849,263 | ||||||||
|
| |||||||
Health Care Equipment-0.47% | ||||||||
Baxter International, Inc., 5.44% (SOFR + 0.26%), 12/01/2023(b) | 3,000,000 | 2,995,353 | ||||||
|
| |||||||
Health Care Services-0.34% | ||||||||
Roche Holdings, Inc., 5.42% (SOFR + 0.24%), 03/05/2024(b)(c) | 2,161,000 | 2,160,801 | ||||||
|
| |||||||
Integrated Telecommunication Services-1.58% |
| |||||||
AT&T, Inc., 6.72% (3 mo. USD LIBOR + 1.18%), 06/12/2024(b) | 3,832,000 | 3,857,899 | ||||||
Verizon Communications, Inc. | ||||||||
6.42% (3 mo. USD LIBOR + 1.10%), 05/15/2025(b) | 4,127,000 | 4,161,015 | ||||||
6.02% (SOFR + 0.79%), 03/20/2026(b) | 2,000,000 | 2,021,341 | ||||||
|
| |||||||
10,040,255 | ||||||||
|
| |||||||
Investment Banking & Brokerage-2.35% |
| |||||||
Charles Schwab Corp. (The) | ||||||||
5.65% (SOFR + 0.52%), 05/13/2026(b) | 4,303,000 | 4,247,325 | ||||||
6.23% (SOFR + 1.05%), 03/03/2027(b) | 4,000,000 | 3,969,653 | ||||||
Goldman Sachs Group, Inc. (The) | ||||||||
6.02% (SOFR + 0.70%), 01/24/2025(b)(d) | 2,535,000 | 2,528,943 | ||||||
7.38% (3 mo. Term SOFR + 2.01%), 10/28/2027(b) | 1,220,000 | 1,241,520 | ||||||
Morgan Stanley, 6.46% (SOFR + 1.17%), 04/17/2025(b) | 3,000,000 | 3,012,097 | ||||||
|
| |||||||
14,999,538 | ||||||||
|
| |||||||
Life & Health Insurance-3.97% | ||||||||
Athene Global Funding | ||||||||
5.86% (SOFR + 0.70%), 05/24/2024(b)(c) | 5,000,000 | 4,954,537 | ||||||
5.99% (SOFR + 0.72%), 01/07/2025(b)(c) | 3,500,000 | 3,429,132 | ||||||
Brighthouse Financial Global Funding, 6.05% (SOFR + 0.76%), 04/12/2024(b)(c) | 2,500,000 | 2,481,891 | ||||||
GA Global Funding Trust | ||||||||
5.71% (SOFR + 0.50%), 09/13/2024(b)(c) | 4,000,000 | 3,926,317 | ||||||
6.64% (SOFR + 1.36%), 04/11/2025(b)(c) | 4,000,000 | 3,941,353 | ||||||
Pacific Life Global Funding II, 5.80% (SOFR + 0.62%), 06/04/2026(b)(c) | 4,222,000 | 4,160,567 | ||||||
Protective Life Global Funding, 6.23% (SOFR + 0.98%), 03/28/2025(b)(c)(d) | 2,425,000 | 2,432,681 | ||||||
|
| |||||||
25,326,478 | ||||||||
|
| |||||||
Life Sciences Tools & Services-0.39% | ||||||||
Thermo Fisher Scientific, Inc., 5.69% (SOFR + 0.39%), 10/18/2023(b)(d) | 2,500,000 | 2,500,319 | ||||||
|
|
Principal Amount | Value | |||||||
Multi-line Insurance-1.05% |
| |||||||
Metropolitan Life Global Funding I, 5.60% (SOFR + 0.32%), 01/07/2024(b)(c) | $ | 2,750,000 | $ | 2,749,542 | ||||
New York Life Global Funding, 5.68% (SOFR + 0.48%), 06/09/2026(b)(c) | 4,000,000 | 3,956,195 | ||||||
|
| |||||||
6,705,737 | ||||||||
|
| |||||||
Multi-Utilities-0.38% |
| |||||||
CenterPoint Energy, Inc., 5.78% (SOFR + 0.65%), 05/13/2024(b) | 1,639,000 | 1,637,025 | ||||||
Dominion Energy, Inc., Series D, 6.08% (3 mo. USD LIBOR + 0.53%), 09/15/2023(b) | 769,000 | 769,060 | ||||||
|
| |||||||
2,406,085 | ||||||||
|
| |||||||
Oil & Gas Storage & Transportation-0.18% |
| |||||||
Enbridge, Inc. (Canada), 5.77% (SOFR + 0.63%), 02/16/2024(b) | 1,152,000 | 1,152,603 | ||||||
|
| |||||||
Packaged Foods & Meats-0.62% |
| |||||||
General Mills, Inc., 6.58% (3 mo. Term SOFR + 1.27%), 10/17/2023(b) | 3,937,000 | 3,939,640 | ||||||
|
| |||||||
Pharmaceuticals-0.65% | ||||||||
Bayer US Finance II LLC (Germany), 6.56% (3 mo. USD LIBOR + 1.01%), 12/15/2023(b)(c) | 4,105,000 | 4,105,148 | ||||||
|
| |||||||
Regional Banks-0.72% | ||||||||
Truist Financial Corp., 5.60% (SOFR + 0.40%), 06/09/2025(b) | 4,702,000 | 4,599,252 | ||||||
|
| |||||||
Trading Companies & Distributors-0.48% |
| |||||||
BOC Aviation Ltd. (China), 6.67% (3 mo. USD LIBOR + 1.13%), 09/26/2023(b)(c) | 3,082,000 | 3,082,154 | ||||||
|
| |||||||
Total U.S. Dollar Denominated Bonds & Notes |
| 262,752,838 | ||||||
|
| |||||||
U.S. Treasury Securities-20.98% |
| |||||||
U.S. Treasury Floating Rate Notes-20.98% |
| |||||||
5.55% (3 mo. U.S. Treasury Bill Money Market Yield Rate + 0.20%), 01/31/2025(b) | 77,300,000 | 77,467,584 | ||||||
5.52% (3 mo. U.S. Treasury Bill Money Market Yield Rate + 0.17%), | 56,200,000 | 56,264,759 | ||||||
|
| |||||||
Total U.S. Treasury Securities |
| 133,732,343 | ||||||
|
| |||||||
Asset-Backed Securities-17.22% |
| |||||||
Adjustable Rate Mortgage Trust, Series 2004-2, Class 6A1, 0.71%, 02/25/2035(g) | 66,572 | 65,897 | ||||||
Avis Budget Rental Car Funding (AESOP) LLC | ||||||||
Series 2019-2A, Class C, 4.24%, 09/22/2025(c) | 4,250,000 | 4,147,132 | ||||||
Series 2020-2A, Class C, 4.25%, 02/20/2027(c) | 1,300,000 | 1,215,255 | ||||||
BAMLL Commercial Mortgage Securities Trust, Series 2019-RLJ, Class B, 6.63% (1 mo. Term SOFR + 1.40%), 04/15/2036(b)(c) | 4,000,000 | 3,954,138 | ||||||
BBCMS Mortgage Trust, Series 2019-BWAY, Class B, 6.65% (1 mo. Term SOFR + 1.42%), 11/15/2034(b)(c) | 3,250,000 | 2,330,308 |
See accompanying notes which are an integral part of this schedule.
Invesco Variable Rate Investment Grade ETF (VRIG)–(continued)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
Bear Stearns Adjustable Rate Mortgage Trust | ||||||||
Series 2003-7, Class 6A, 4.46%, 10/25/2033(g) | $ | 108,387 | $ | 102,892 | ||||
Series 2003-8, Class 4A1, 4.42%, 01/25/2034(g) | 120,271 | 117,712 | ||||||
BX Commercial Mortgage Trust | ||||||||
Series 2020-VKNG, Class A, 6.27% (1 mo. Term SOFR + 1.04%), 10/15/2037(b)(c) | 1,192,676 | 1,181,626 | ||||||
Series 2021-ACNT, Class B, 6.59% (1 mo. Term SOFR + 1.36%), 11/15/2038(b)(c) | 4,000,000 | 3,915,871 | ||||||
Series 2021-VINO, Class B, 6.19% (1 mo. Term SOFR + 0.97%), 05/15/2038(b)(c) | 1,776,197 | 1,734,894 | ||||||
Series 2021-VOLT, Class B, 6.29% (1 mo. Term SOFR + 1.06%), 09/15/2036(b)(c) | 3,252,772 | 3,151,434 | ||||||
Series 2021-VOLT, Class D, 6.99% (1 mo. Term SOFR + 1.76%), 09/15/2036(b)(c) | 1,250,000 | 1,196,271 | ||||||
BX Trust | ||||||||
Series 2021-LGCY, Class B, 6.19% (1 mo. Term SOFR + 0.97%), 10/15/2036(b)(c) | 3,630,000 | 3,517,034 | ||||||
Series 2022-IND, Class C, 7.51% (1 mo. Term SOFR + 2.29%), 04/15/2037(b)(c) | 2,807,478 | 2,735,082 | ||||||
Series 2022-LBA6, Class B, 6.52% (1 mo. Term SOFR + 1.30%), 01/15/2039(b)(c) | 1,000,000 | 978,974 | ||||||
COMM Mortgage Trust, Series 2019-521F, Class C, 6.67% (1 mo. Term SOFR + 1.45%), 06/15/2034(b)(c) | 4,000,000 | 3,558,310 | ||||||
Commonbond Student Loan Trust | ||||||||
Series 2017-BGS, Class A2, 6.06% (1 mo. Term SOFR + 0.76%), 09/25/2042(b)(c) | 269,361 | 262,131 | ||||||
Series 2018-AGS, Class A2, 5.91% (1 mo. Term SOFR + 0.61%), 02/25/2044(b)(c) | 463,277 | 451,287 | ||||||
DBCG Mortgage Trust, Series 2017-BBG, Class C, 8.24% (PRIME), 06/15/2034(b)(c) | 3,750,000 | 3,663,867 | ||||||
DBWF Mortgage Trust, Series 2018-GLKS, Class A, 6.42% (1 mo. Term SOFR + 1.18%), 12/19/2030(b)(c) | 2,500,000 | 2,480,261 | ||||||
Edsouth Indenture No. 9 LLC, Series 2015-1, Class A, 5.98% (30 Day Average SOFR + 0.91%), 10/25/2056(b)(c) | 358,875 | 353,399 | ||||||
Ford Credit Floorplan Master Owner Trust, Series 2023-1, Class A2, 6.32% (30 Day Average SOFR + 1.25%), 05/15/2028(b)(c) | 2,500,000 | 2,526,127 | ||||||
GMF Floorplan Owner Revolving Trust, Series 2023-1, Class A2, 6.22% (30 Day Average SOFR + 1.15%), 06/15/2028(b)(c) | 4,000,000 | 4,016,570 | ||||||
Great Wolf Trust | ||||||||
Series 2019-WOLF, Class A, 6.37% (1 mo. Term SOFR + 1.15%), 12/15/2036(b)(c) | 2,500,000 | 2,482,607 | ||||||
Series 2019-WOLF, Class B, 6.67% (1 mo. Term SOFR + 1.45%), 12/15/2036(b)(c) | 3,384,000 | 3,339,954 | ||||||
GS Mortgage Securities Corp. Trust | ||||||||
Series 2018-TWR, Class A, 6.42% (1 mo. Term SOFR + 1.20%), 07/15/2031(b)(c) | 3,000,000 | 2,572,312 | ||||||
Series 2021-ROSS, Class A, 6.49% (1 mo. Term SOFR + 1.26%), 05/15/2026(b)(c) | 2,500,000 | 2,224,411 | ||||||
Hertz Vehicle Financing LLC, Series 2021- 1A, Class B, 1.56%, 12/26/2025(c) | 1,350,000 | 1,269,209 | ||||||
Home Equity Asset Trust, Series 2004-5, Class M2, 6.36% (1 mo. Term SOFR + 1.06%), 11/25/2034(b) | 799,261 | 793,020 |
Principal Amount | Value | |||||||
Invitation Homes Trust, Series 2018-SFR4, Class C, 6.74% (1 mo. Term SOFR + 1.51%), 01/17/2038(b)(c) | $ | 2,999,862 | $ | 2,991,070 | ||||
J.P. Morgan Chase Commercial Mortgage Securities Trust, Series 2018-PHH, Class B, 6.73% (1 mo. Term SOFR + 1.51%), 06/15/2035(b)(c) | 2,385,000 | 2,173,485 | ||||||
JP Morgan Mortgage Trust | ||||||||
Series 2019-6, Class A11, 6.05% (1 mo. Term SOFR + 1.01%), 12/25/2049(b)(c) | 69,708 | 66,873 | ||||||
Series 2019-INV2, Class A1, 6.05% (1 mo. Term SOFR + 1.01%), 02/25/2050(b)(c) | 204,323 | 192,900 | ||||||
Series 2019-INV3, Class A11, 6.00% (1 mo. Term SOFR + 1.11%), 05/25/2050(b)(c) | 88,837 | 84,816 | ||||||
Series 2019-LTV3, Class A1, 6.00% (1 mo. Term SOFR + 0.96%), 03/25/2050(b)(c) | 30,107 | 29,996 | ||||||
Series 2020-8, Class A11, 5.97% (30 Day Average SOFR + 0.90%), 03/25/2051(b)(c) | 214,477 | 202,634 | ||||||
Series 2020-LTV1, Class A11, 6.00% (1 mo. Term SOFR + 1.11%), 06/25/2050(b)(c) | 16,858 | 16,595 | ||||||
Series 2021-1, Class A11, 5.72% (30 Day Average SOFR + 0.65%), 06/25/2051(b)(c) | 631,211 | 584,742 | ||||||
Med Trust, Series 2021-MDLN, Class B, 6.79% (1 mo. Term SOFR + 1.56%), 11/15/2038(b)(c) | 2,985,671 | 2,897,395 | ||||||
Mello Mortgage Capital Acceptance Trust, Series 2021-INV2, Class A1, 5.00% (30 Day Average SOFR + 0.95%), 08/25/2051(b)(c) | 3,000,316 | 2,768,531 | ||||||
Merrill Lynch Mortgage Investors Trust | ||||||||
Series 2003-F, Class A1, 6.05% (1 mo. Term SOFR + 0.75%), 10/25/2028(b) | 59,136 | 55,664 | ||||||
Series 2005-A2, Class A5, 4.16%, 02/25/2035(g) | 44,456 | 42,202 | ||||||
MHC Commercial Mortgage Trust, Series 2021-MHC, Class B, 6.44% (1 mo. Term SOFR + 1.22%), 04/15/2038(b)(c) | 2,500,000 | 2,462,508 | ||||||
MHP Commercial Mortgage Trust, Series 2021-STOR, Class B, 6.24% (1 mo. Term SOFR + 1.01%), 07/15/2038(b)(c) | 2,500,000 | 2,441,894 | ||||||
Nelnet Student Loan Trust, Series 2021-A, Class A2, 6.40% (1 mo. Term SOFR + 1.14%), 04/20/2062(b)(c) | 2,680,000 | 2,645,521 | ||||||
New Residential Advance Receivables Trust, Series 2020-T1, Class AT1, 1.43%, 08/15/2053(c) | 1,850,000 | 1,844,921 | ||||||
NRZ Advance Receivables Trust, Series 2020-T2, Class AT2, 1.48%, 09/15/2053(c) | 4,100,000 | 4,066,797 | ||||||
OBX Trust | ||||||||
Series 2018-EXP1, Class 2A1, 6.26% (1 mo. Term SOFR + 0.96%), 04/25/2048(b)(c) | 97,757 | 97,414 | ||||||
Series 2018-EXP2, Class 2A2, 6.36% (1 mo. Term SOFR + 1.06%), 07/25/2058(b)(c) | 257,361 | 249,766 |
See accompanying notes which are an integral part of this schedule.
Invesco Variable Rate Investment Grade ETF (VRIG)–(continued)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
Series 2019-EXP1, Class 2A2, 5.72% (1 mo. Term SOFR + 1.26%), | $ | 129,981 | $ | 128,835 | ||||
Series 2019-EXP2, Class 2A2, 5.78% (1 mo. Term SOFR + 1.31%), | 225,541 | 216,377 | ||||||
Series 2020-EXP1, Class 2A2, 6.36% (1 mo. Term SOFR + 1.06%), | 318,749 | 289,260 | ||||||
Series 2020-EXP3, Class 2A2, 6.61% (1 mo. Term SOFR + 1.31%), | 451,523 | 444,624 | ||||||
Series 2020-INV1, Class A11, 6.00% (1 mo. Term SOFR + 1.01%), 12/25/2049(b)(c) | 201,180 | 188,358 | ||||||
RLGH Trust, Series 2021-TROT, Class B, 6.50% (1 mo. Term SOFR + 1.28%), 04/15/2036(b)(c) | 3,000,000 | 2,897,356 | ||||||
SMB Private Education Loan Trust Series 2019-B, Class A2B, 6.34% (1 mo. Term SOFR + 1.11%), 06/15/2037(b)(c) | 1,989,766 | 1,968,144 | ||||||
Series 2020-A, Class A2B, 6.17% (1 mo. Term SOFR + 0.94%), 09/15/2037(b)(c) | 1,192,313 | 1,180,409 | ||||||
Series 2021-A, Class A2A2, 6.07% (1 mo. Term SOFR + 0.84%), | 3,377,535 | 3,301,096 | ||||||
Series 2022-C, Class A1B, 6.92% (30 Day Average SOFR + 1.85%), 05/16/2050(b)(c) | 2,410,427 | 2,423,069 | ||||||
SMRT, Series 2022-MINI, Class B, 6.57% (1 mo. Term SOFR + 1.35%), 01/15/2039(b)(c) | 4,655,000 | 4,523,026 | ||||||
Tesla Auto Lease Trust, Series 2023-A, Class B, 6.41%, 07/20/2027(c) | 3,500,000 | 3,492,038 | ||||||
WaMu Mortgage Pass-Through Ctfs. Trust, Series 2004-AR3, Class A2, 4.52%, 06/25/2034(g) | 48,210 | 44,397 | ||||||
Wells Fargo Commercial Mortgage Trust, Series 2016-NXS5, Class A6FL, 6.89% (1 mo. Term SOFR + 1.66%), | 2,500,000 | 2,466,980 | ||||||
|
| |||||||
Total Asset-Backed Securities (Cost $112,746,923) | 109,817,678 | |||||||
|
| |||||||
Agency Credit Risk Transfer Notes-16.58% |
| |||||||
Fannie Mae Connecticut Avenue Securities | ||||||||
Series 2019-R01, Class 2M2, 7.63% | 404,721 | 406,282 | ||||||
Series 2019-R02, Class 1M2, 7.48% | 41,865 | 41,866 | ||||||
Series 2021-R01, Class 1M1, 5.82% | 639,808 | 637,746 | ||||||
Series 2021-R03, Class 1M1, 5.92% | 2,875,515 | 2,861,716 | ||||||
Series 2022-R01, Class 1M1, 6.07% | 1,082,804 | 1,074,324 |
Principal Amount | Value | |||||||
Series 2022-R01, Class 1M2, 6.97% (30 Day Average SOFR + 1.90%), 12/25/2041(b)(c)(h) | $ | 1,000,000 | $ | 985,369 | ||||
Series 2022-R02, Class 2M1, 6.27% (30 Day Average SOFR + 1.20%), 01/25/2042(b)(c)(h) | 2,369,822 | 2,367,498 | ||||||
Series 2022-R02, Class 2M2, 8.07% (30 Day Average SOFR + 3.00%), 01/25/2042(b)(c)(h) | 4,000,000 | 4,023,812 | ||||||
Series 2022-R03, Class 1M1, 7.17% (30 Day Average SOFR + 2.10%), 03/25/2042(b)(c)(h) | 1,524,500 | 1,535,123 | ||||||
Series 2022-R04, Class 1M1, 7.07% (30 Day Average SOFR + 2.00%), 03/25/2042(b)(c)(h) | 2,156,970 | 2,172,687 | ||||||
Series 2022-R04, Class 1M2, 8.17% (30 Day Average SOFR + 3.10%), 03/25/2042(b)(c)(h) | 3,400,000 | 3,465,444 | ||||||
Series 2022-R05, Class 2M1, 6.97% (30 Day Average SOFR + 1.90%), 04/25/2042(b)(c)(h) | 2,534,237 | 2,548,158 | ||||||
Series 2022-R05, Class 2M2, 8.07% (30 Day Average SOFR + 3.00%), 04/25/2042(b)(c)(h) | 1,750,000 | 1,764,726 | ||||||
Series 2022-R06, Class 1M1, 7.82% (30 Day Average SOFR + 2.75%), 05/25/2042(b)(c)(h) | 1,262,044 | 1,287,669 | ||||||
Series 2022-R07, Class 1M1, 8.02% (30 Day Average SOFR + 2.95%), 06/25/2042(b)(c)(h) | 3,171,248 | 3,254,316 | ||||||
Series 2022-R08, Class 1M1, 7.62% (30 Day Average SOFR + 2.55%), 07/25/2042(b)(c)(h) | 2,692,414 | 2,754,807 | ||||||
Series 2022-R08, Class 1M2, 8.67% (30 Day Average SOFR + 3.60%), 07/25/2042(b)(c)(h) | 1,500,000 | 1,552,973 | ||||||
Series 2023-R01, Class 1M1, 7.47% (30 Day Average SOFR + 2.40%), 12/25/2042(b)(c)(h) | 1,382,500 | 1,409,212 | ||||||
Series 2023-R01, Class 1M2, 8.82% (30 Day Average SOFR + 3.75%), 12/25/2042(b)(c)(h) | 1,225,000 | 1,281,929 | ||||||
Series 2023-R02, Class 1M1, 7.37% (30 Day Average SOFR + 2.30%), 01/25/2043(b)(c)(h) | 574,005 | 582,912 | ||||||
Series 2023-R02, Class 1M2, 8.42% (30 Day Average SOFR + 3.35%), 01/25/2043(b)(c)(h) | 700,000 | 723,281 | ||||||
Series 2023-R04, Class 1M1, 7.37% (30 Day Average SOFR + 2.30%), 05/25/2043(b)(c)(h) | 4,371,252 | 4,438,031 | ||||||
Series 2023-R05, Class 1M1, 6.97% (30 Day Average SOFR + 1.90%), 06/25/2043(b)(c)(h) | 1,568,287 | 1,577,394 | ||||||
Series 2023-R05, Class 1M2, 8.17% (30 Day Average SOFR + 3.10%), 06/25/2043(b)(c)(h) | 1,100,000 | 1,127,663 |
See accompanying notes which are an integral part of this schedule.
Invesco Variable Rate Investment Grade ETF (VRIG)–(continued)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
Series 2023-R06, Class 1M1, 6.77% (30 Day Average SOFR + 1.70%), 07/25/2043(b)(c)(h) | $ | 2,120,000 | $ | 2,130,600 | ||||
Series 2023-R06, Class 1M2, 7.77% (30 Day Average SOFR + 2.70%), 07/25/2043(b)(c)(h) | 1,365,000 | 1,377,584 | ||||||
Freddie Mac | ||||||||
Series 2020-DNA1, Class M2, STACR®, 6.88% (30 Day Average SOFR + 1.81%), 01/25/2050(b)(c)(i) | 331,058 | 331,153 | ||||||
Series 2020-DNA5, Class M2, STACR®, 7.87% (30 Day Average SOFR + 2.80%), 10/25/2050(b)(c)(i) | 916,898 | 930,352 | ||||||
Series 2021-DNA2, Class M2, STACR®, 7.37% (30 Day Average SOFR + 2.30%), 08/25/2033(b)(c)(i) | 4,584,258 | 4,607,022 | ||||||
Series 2021-DNA3, Class M1, STACR®, 5.82% (30 Day Average SOFR + 0.75%), 10/25/2033(b)(c)(i) | 807,287 | 803,697 | ||||||
Series 2021-DNA3, Class M2, STACR®, 7.17% (30 Day Average SOFR + 2.10%), 10/25/2033(b)(c)(i) | 3,125,000 | 3,103,018 | ||||||
Series 2021-DNA5, Class M2, STACR®, 6.72% (30 Day Average SOFR + 1.65%), 01/25/2034(b)(c)(i) | 2,960,631 | 2,965,401 | ||||||
Series 2021-DNA6, Class M2, STACR®, 6.57% (30 Day Average SOFR + 1.50%), 10/25/2041(b)(c)(i) | 5,571,181 | 5,481,157 | ||||||
Series 2021-HQA3, Class M1, STACR®, 5.92% (30 Day Average SOFR + 0.85%), 09/25/2041(b)(c)(i) | 2,346,091 | 2,318,988 | ||||||
Series 2022-DNA2, Class M1A, STACR®, 6.37% (30 Day Average SOFR + 1.30%), 02/25/2042(b)(c)(i) | 1,912,356 | 1,908,213 | ||||||
Series 2022-DNA2, Class M1B, STACR®, 7.47% (30 Day Average SOFR + 2.40%), 02/25/2042(b)(c)(i) | 4,250,000 | 4,264,957 | ||||||
Series 2022-DNA3, Class M1A, STACR®, 7.07% (30 Day Average SOFR + 2.00%), 04/25/2042(b)(c)(i) | 2,946,551 | 2,957,905 | ||||||
Series 2022-DNA3, Class M1B, STACR®, 7.97% (30 Day Average SOFR + 2.90%), 04/25/2042(b)(c)(i) | 4,500,000 | 4,583,114 | ||||||
Series 2022-DNA4, Class M1A, STACR®, 7.27% (30 Day Average SOFR + 2.20%), 05/25/2042(b)(c)(i) | 2,267,254 | 2,298,342 | ||||||
Series 2022-DNA4, Class M1B, STACR®, 8.42% (30 Day Average SOFR + 3.35%), 05/25/2042(b)(c)(i) | 1,500,000 | 1,544,466 | ||||||
Series 2022-DNA5, Class M1A, STACR®, 8.02% (30 Day Average SOFR + 2.95%), 06/25/2042(b)(c)(i) | 1,748,602 | 1,782,703 | ||||||
Series 2022-DNA5, Class M1B, STACR®, 9.57% (30 Day Average SOFR + 4.50%), 06/25/2042(b)(c)(i) | 1,500,000 | 1,603,014 | ||||||
Series 2022-HQA1, Class M1A, STACR®, 7.17% (30 Day Average SOFR + 2.10%), 03/25/2042(b)(c)(i) | 2,215,559 | 2,224,876 | ||||||
Series 2022-HQA1, Class M1B, STACR®, 8.57% (30 Day Average SOFR + 3.50%), 03/25/2042(b)(c)(i) | 2,000,000 | 2,061,546 |
Principal Amount | Value | |||||||
Series 2022-HQA2, Class M1A, STACR®, 7.72% (30 Day Average SOFR + 2.65%), 07/25/2042(b)(c)(i) | $ | 1,524,558 | $ | 1,558,422 | ||||
Series 2022-HQA3, Class M1, STACR®, 7.37% (30 Day Average SOFR + 2.30%), 08/25/2042(b)(c)(i) | 733,566 | 745,330 | ||||||
Series 2022-HQA3, Class M1, STACR®, 8.62% (30 Day Average SOFR + 3.55%), 08/25/2042(b)(c)(i) | 3,130,000 | 3,226,882 | ||||||
Series 2023-DNA1, Class M1, STACR®, 7.17% (30 Day Average SOFR + 2.10%), 03/25/2043(b)(c)(i) | 2,523,003 | 2,553,159 | ||||||
Series 2023-DNA1, Class M1, STACR®, 8.17% (30 Day Average SOFR + 3.10%), 03/25/2043(b)(c)(i) | 475,000 | 483,352 | ||||||
Series 2023-HQA1, Class M1, STACR®, 7.07% (30 Day Average SOFR + 2.00%), 05/25/2043(b)(c)(i) | 615,620 | 619,330 | ||||||
Series 2023-HQA1, Class M1, STACR®, 8.57% (30 Day Average SOFR + 3.50%), 05/25/2043(b)(c)(i) | 800,000 | 825,675 | ||||||
Series 2023-HQA2, Class M1, STACR®, 8.42% (30 Day Average SOFR + 3.35%), 06/25/2043(b)(c)(i) | 2,500,000 | 2,562,487 | ||||||
|
| |||||||
Total Agency Credit Risk Transfer Notes (Cost $104,579,238) |
| 105,727,683 | ||||||
|
| |||||||
U.S. Government Sponsored Agency Mortgage-Backed Securities-2.32% |
| |||||||
Collateralized Mortgage Obligations-2.05% |
| |||||||
Fannie Mae REMICs | ||||||||
5.48% (30 Day Average SOFR + 0.41%), 04/25/2035(b) | 995,183 | 990,842 | ||||||
5.53% (1 mo. USD LIBOR + 0.35%), 09/25/2041(b) | 282 | 282 | ||||||
4.32% (1 mo. USD LIBOR + 0.32%), 01/25/2045(b) | 602,829 | 585,191 | ||||||
5.68% (30 Day Average SOFR + 0.61%), 05/25/2046(b) | 224,946 | 218,867 | ||||||
4.72% (1 mo. USD LIBOR + 0.30%), 09/25/2047(b) | 587,315 | 570,864 | ||||||
4.84% (1 mo. USD LIBOR + 0.32%), 12/25/2047(b) | 212,082 | 206,706 | ||||||
Freddie Mac Multifamily Structured Credit Risk, Series 2021-MN2, Class M1, 6.87% (30 Day Average SOFR + 1.80%), 07/25/2041(b)(c) | 3,486,302 | 3,243,453 | ||||||
Freddie Mac Multifamily Structured Pass-Through Ctfs. | ||||||||
Series KF35, Class A, 5.57% (1 mo. USD LIBOR + 0.35%), 08/25/2024(b) | 72,857 | 72,687 | ||||||
Series KF35, Class A, 5.61% (1 mo. USD LIBOR + 0.39%), 10/25/2025(b) | 976,214 | 970,660 | ||||||
Series KF81, Class AS, 5.47% (30 Day Average SOFR + 0.40%), 06/25/2027(b) | 1,260,220 | 1,252,845 | ||||||
Series Q008, Class A, 5.61% (1 mo. USD LIBOR + 0.39%), 10/25/2045(b) | 620,466 | 616,087 | ||||||
Freddie Mac REMICs | ||||||||
4.52% (1 mo. USD LIBOR + 0.35%), 09/15/2038(b) | 600,254 | 585,982 | ||||||
4.37% (1 mo. USD LIBOR + 0.45%), 09/15/2040(b) | 496,576 | 483,208 |
See accompanying notes which are an integral part of this schedule.
Invesco Variable Rate Investment Grade ETF (VRIG)–(continued)
July 31, 2023
(Unaudited)
Principal Amount | Value | |||||||
Collateralized Mortgage Obligations-(continued) |
| |||||||
5.69% (30 Day Average SOFR + 0.61%), 06/15/2041(b) | $ | 156,135 | $ | 152,682 | ||||
4.48% (1 mo. USD LIBOR + 0.32%), 08/15/2043(b) | 599,864 | 575,149 | ||||||
5.53% (30 Day Average SOFR + 0.46%), 01/15/2048(b) | 2,628,184 | 2,524,887 | ||||||
|
| |||||||
13,050,392 | ||||||||
|
| |||||||
Federal Home Loan Mortgage Corp. (FHLMC)-0.10% |
| |||||||
ARM, 4.33% (1 yr. USD LIBOR + 1.57%), 06/01/2037(b) | 195,365 | 192,185 | ||||||
ARM, 4.54% (1 yr. USD LIBOR + 1.74%), 11/01/2038(b) | 251,597 | 255,179 | ||||||
ARM, 4.44% (1 yr. USD LIBOR + 1.73%), 03/01/2043(b) | 229,197 | 230,058 | ||||||
|
| |||||||
677,422 | ||||||||
|
| |||||||
Federal National Mortgage Association (FNMA)-0.17% |
| |||||||
ARM, 4.02% (1 yr. USD LIBOR + 1.64%), 02/01/2035(b) | 46,022 | 45,052 | ||||||
ARM, 5.53% (1 yr. U.S. Treasury Yield Curve Rate + 2.35%), 07/01/2035(b) | 572,740 | 585,040 | ||||||
ARM, 7.03% (6 mo. Refinitiv USD IBOR Consumer Cash Fallbacks + 1.57%), 07/01/2035(b) | 36,470 | 36,814 | ||||||
ARM, 3.97% (1 yr. USD LIBOR + 1.72%), 10/01/2036(b) | 127,850 | 126,262 | ||||||
ARM, 4.53% (1 yr. USD LIBOR + 1.78%), 03/01/2037(b) | 188,481 | 185,299 | ||||||
ARM, 4.30% (1 yr. USD LIBOR + 1.52%), 11/01/2037(b) | 94,587 | 93,267 | ||||||
|
| |||||||
1,071,734 | ||||||||
|
| |||||||
Total U.S. Government Sponsored Agency Mortgage- Backed Securities |
| 14,799,548 | ||||||
|
|
Shares | Value | |||||||
Money Market Funds-0.41% | ||||||||
Invesco Government & Agency Portfolio, Institutional Class, 5.18%(j)(k) | 2,598,667 | $ | 2,598,667 | |||||
|
| |||||||
TOTAL INVESTMENTS IN SECURITIES |
| 629,428,757 | ||||||
|
| |||||||
Investments Purchased with Cash Collateral from Securities on Loan |
| |||||||
Money Market Funds-2.81% | ||||||||
Invesco Private Government | 5,018,761 | 5,018,761 | ||||||
Invesco Private Prime Fund, 5.38%(j)(k)(l) | 12,905,386 | 12,905,386 | ||||||
|
| |||||||
Total Investments Purchased with Cash Collateral from Securities on Loan |
| 17,924,147 | ||||||
|
| |||||||
TOTAL INVESTMENTS IN SECURITIES-101.53% |
| 647,352,904 | ||||||
OTHER ASSETS LESS LIABILITIES-(1.53)% |
| (9,752,009 | ) | |||||
|
| |||||||
NET ASSETS-100.00% |
| $ | 637,600,895 | |||||
|
|
See accompanying notes which are an integral part of this schedule.
Invesco Variable Rate Investment Grade ETF (VRIG)–(continued)
July 31, 2023
(Unaudited)
Investment Abbreviations: | ||
ARM | -Adjustable Rate Mortgage | |
Ctfs. | -Certificates | |
IBOR | -Interbank Offered Rate | |
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, 2023. |
(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, 2023 was $303,011,367, which represented 47.52% of the Fund’s Net Assets. |
(d) | All or a portion of this security was out on loan at July 31, 2023. |
(e) | Security issued at a fixed rate for a specific period of time, after which it will convert to a variable rate. |
(f) | Perpetual bond with no specified maturity date. |
(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, 2023. |
(h) | 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. |
(i) | 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. |
(j) | 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, 2023. |
Change in Unrealized | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Value | Purchases | Proceeds | Appreciation | Realized | Value | Dividend | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
October 31, 2022 | at Cost | from Sales | (Depreciation) | Gain | July 31, 2023 | Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investments in Affiliated Money Market Funds: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Invesco Government & Agency Portfolio, Institutional Class | $ | 1,075,009 | $ | 209,404,194 | $ | (207,880,536 | ) | $ | - | $ | - | $ | 2,598,667 | $ | 207,631 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investments Purchased with Cash Collateral from Securities on Loan: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Invesco Private Government Fund | 5,473,023 | 50,481,269 | (50,935,531 | ) | - | - | 5,018,761 | 193,825 | * | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Invesco Private Prime Fund | 14,069,884 | 117,044,783 | (118,209,680 | ) | (272 | ) | 671 | 12,905,386 | 519,544 | * | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 20,617,916 | $ | 376,930,246 | $ | (377,025,747 | ) | $ | (272 | ) | $ | 671 | $ | 20,522,814 | $ | 921,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* | Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from borrowers, if any. |
(k) | The rate shown is the 7-day SEC standardized yield as of July 31, 2023. |
(l) | 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, 2023
(Unaudited)
NOTE 1–Additional Valuation Information
Generally Accepted Accounting Principles (“GAAP”) defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment’s assigned level:
Level 1 – Prices are determined using quoted prices in an active market for identical assets.
Level 2 – Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others.
Level 3 – Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect Invesco Capital Management LLC’s assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.
The following is a summary of the tiered valuation input levels, as of July 31, 2023. 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 AAA CLO Floating Rate Note ETF | ||||||||||||||||
Investments in Securities | ||||||||||||||||
Asset-Backed Securities | $ | - | $ | 32,857,008 | $ | - | $ | 32,857,008 | ||||||||
Money Market Funds | 331,994 | - | - | 331,994 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 331,994 | $ | 32,857,008 | $ | - | $ | 33,189,002 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Invesco Active U.S. Real Estate ETF | ||||||||||||||||
Investments in Securities | ||||||||||||||||
Common Stocks & Other Equity Interests | $ | 108,589,065 | $ | - | $ | - | $ | 108,589,065 | ||||||||
Money Market Funds | - | 13,398,092 | - | 13,398,092 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 108,589,065 | $ | 13,398,092 | $ | - | $ | 121,987,157 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Invesco High Yield Bond Factor ETF | ||||||||||||||||
Investments in Securities | ||||||||||||||||
U.S. Dollar Denominated Bonds & Notes | $ | - | $ | 36,805,453 | $ | - | $ | 36,805,453 | ||||||||
U.S. Treasury Securities | - | 91,480 | - | 91,480 | ||||||||||||
Money Market Funds | 253,780 | 1,832,260 | - | 2,086,040 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments in Securities | 253,780 | 38,729,193 | - | 38,982,973 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Other Investments - Assets* | ||||||||||||||||
Futures Contracts | 39,677 | - | - | 39,677 | ||||||||||||
Investments Matured | - | - | 2,943 | 2,943 | ||||||||||||
Swap Agreements | - | 14,701 | - | 14,701 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
39,677 | 14,701 | 2,943 | 57,321 | |||||||||||||
|
|
|
|
|
|
|
| |||||||||
Other Investments - Liabilities* | ||||||||||||||||
Futures Contracts | (86,261 | ) | - | - | (86,261 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Other Investments | (46,584 | ) | 14,701 | 2,943 | (28,940 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 207,196 | $ | 38,743,894 | $ | 2,943 | $ | 38,954,033 | ||||||||
|
|
|
|
|
|
|
|
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Invesco High Yield Select ETF | ||||||||||||||||
Investments in Securities | ||||||||||||||||
U.S. Dollar Denominated Bonds & Notes | $ | - | $ | 9,028,961 | $ | - | $ | 9,028,961 | ||||||||
Non-U.S. Dollar Denominated Bonds & Notes | - | 683,066 | - | 683,066 | ||||||||||||
Preferred Stocks | - | 9,980 | - | 9,980 | ||||||||||||
Money Market Funds | 32,237 | 296,253 | - | 328,490 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments in Securities | 32,237 | 10,018,260 | - | 10,050,497 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Other Investments - Assets* | ||||||||||||||||
Forward Foreign Currency Contracts | - | 2,091 | - | 2,091 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Other Investments - Liabilities* | ||||||||||||||||
Forward Foreign Currency Contracts | - | (18,863 | ) | - | (18,863 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Other Investments | - | (16,772 | ) | - | (16,772 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 32,237 | $ | 10,001,488 | $ | - | $ | 10,033,725 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Invesco S&P 500® Downside Hedged ETF | ||||||||||||||||
Investments in Securities | ||||||||||||||||
Common Stocks & Other Equity Interests | $ | 148,909,255 | $ | - | $ | - | $ | 148,909,255 | ||||||||
Money Market Funds | 8,619,621 | 4,427,127 | - | 13,046,748 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments in Securities | 157,528,876 | 4,427,127 | - | 161,956,003 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Other Investments - Assets* | ||||||||||||||||
Futures Contracts | 174,640 | - | - | 174,640 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Other Investments - Liabilities* | ||||||||||||||||
Futures Contracts | (216,077 | ) | - | - | (216,077 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Other Investments | (41,437 | ) | - | - | (41,437 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 157,487,439 | $ | 4,427,127 | $ | - | $ | 161,914,566 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Invesco Short Duration Bond ETF | ||||||||||||||||
Investments in Securities | ||||||||||||||||
U.S. Dollar Denominated Bonds & Notes | $ | - | $ | 8,859,333 | $ | - | $ | 8,859,333 | ||||||||
Asset-Backed Securities | - | 595,041 | - | 595,041 | ||||||||||||
U.S. Treasury Securities | - | 179,852 | - | 179,852 | ||||||||||||
Agency Credit Risk Transfer Notes | - | 75,230 | - | 75,230 | ||||||||||||
Preferred Stocks | - | 49,643 | - | 49,643 | ||||||||||||
Money Market Funds | 48,357 | 80,883 | - | 129,240 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments in Securities | 48,357 | 9,839,982 | - | 9,888,339 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Other Investments - Assets* | ||||||||||||||||
Futures Contracts | 21,416 | - | - | 21,416 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Other Investments - Liabilities* | ||||||||||||||||
Futures Contracts | (37,202 | ) | - | - | (37,202 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Other Investments | (15,786 | ) | - | - | (15,786 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 32,571 | $ | 9,839,982 | $ | - | $ | 9,872,553 | ||||||||
|
|
|
|
|
|
|
|
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Invesco Total Return Bond ETF | ||||||||||||||||
Investments in Securities | ||||||||||||||||
U.S. Dollar Denominated Bonds & Notes | $ | - | $ | 489,841,058 | $ | 2,599,023 | $ | 492,440,081 | ||||||||
U.S. Government Sponsored Agency Mortgage-Backed Securities | - | 218,190,124 | - | 218,190,124 | ||||||||||||
Asset-Backed Securities | - | 168,839,029 | 4,016,293 | 172,855,322 | ||||||||||||
U.S. Treasury Securities | - | 163,035,180 | - | 163,035,180 | ||||||||||||
Agency Credit Risk Transfer Notes | - | 7,120,478 | - | 7,120,478 | ||||||||||||
Municipal Obligations | - | 3,285,228 | - | 3,285,228 | ||||||||||||
U.S. Government Sponsored Agency Securities | - | 2,553,587 | - | 2,553,587 | ||||||||||||
Preferred Stocks | 273,526 | 2,047,262 | - | 2,320,788 | ||||||||||||
Exchange-Traded Funds | 546,716 | - | - | 546,716 | ||||||||||||
Non-U.S. Dollar Denominated Bonds & Notes | - | 97,096 | - | 97,096 | ||||||||||||
Common Stocks & Other Equity Interests | - | - | 0 | 0 | ||||||||||||
Options Purchased | 551,700 | - | - | 551,700 | ||||||||||||
Money Market Funds | - | 81,254,410 | - | 81,254,410 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments in Securities | 1,371,942 | 1,136,263,452 | 6,615,316 | 1,144,250,710 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Other Investments - Assets* | ||||||||||||||||
Futures Contracts | 3,082,371 | - | - | 3,082,371 | ||||||||||||
Investments Matured | - | 59,274 | - | 59,274 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
3,082,371 | 59,274 | - | 3,141,645 | |||||||||||||
|
|
|
|
|
|
|
| |||||||||
Other Investments - Liabilities* | ||||||||||||||||
Futures Contracts | (2,408,034 | ) | - | - | (2,408,034 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Other Investments | 674,337 | 59,274 | - | 733,611 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 2,046,279 | $ | 1,136,322,726 | $ | 6,615,316 | $ | 1,144,984,321 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Invesco Ultra Short Duration ETF | ||||||||||||||||
Investments in Securities | ||||||||||||||||
U.S. Dollar Denominated Bonds & Notes | $ | - | $ | 957,596,048 | $ | - | $ | 957,596,048 | ||||||||
Commercial Paper | - | 509,780,177 | - | 509,780,177 | ||||||||||||
Asset-Backed Securities | - | 290,381,118 | - | 290,381,118 | ||||||||||||
U.S. Treasury Securities | - | 35,361,379 | - | 35,361,379 | ||||||||||||
Certificates of Deposit | - | 26,967,984 | - | 26,967,984 | ||||||||||||
Variable Rate Senior Loan Interests | - | 1,345,307 | - | 1,345,307 | ||||||||||||
Exchange-Traded Funds | 998,010 | - | - | 998,010 | ||||||||||||
Money Market Funds | - | 9,270,017 | - | 9,270,017 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 998,010 | $ | 1,830,702,030 | $ | - | $ | 1,831,700,040 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Invesco Variable Rate Investment Grade ETF | ||||||||||||||||
Investments in Securities | ||||||||||||||||
U.S. Dollar Denominated Bonds & Notes | $ | - | $ | 262,752,838 | $ | - | $ | 262,752,838 | ||||||||
U.S. Treasury Securities | - | 133,732,343 | - | 133,732,343 | ||||||||||||
Asset-Backed Securities | - | 109,817,678 | - | 109,817,678 | ||||||||||||
Agency Credit Risk Transfer Notes | - | 105,727,683 | - | 105,727,683 | ||||||||||||
U.S. Government Sponsored Agency Mortgage-Backed Securities | - | 14,799,548 | - | 14,799,548 | ||||||||||||
Money Market Funds | 2,598,667 | 17,924,147 | - | 20,522,814 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 2,598,667 | $ | 644,754,237 | $ | - | $ | 647,352,904 | ||||||||
|
|
|
|
|
|
|
|
* | Forward foreign currency contracts, futures contracts and swap agreements are valued at unrealized appreciation (depreciation). Investments matured is shown at value. |