NPORT-EX 2 edgar.htm
Schedule of Investments(a)
Invesco Focused Discovery Growth ETF (IVDG)
July 31, 2021
(Unaudited)
  Shares   Value
Common Stocks & Other Equity Interests-99.89%
Consumer Discretionary-14.71%
Aptiv PLC(b)
  209   $34,872
Burlington Stores, Inc.(b)
  106   35,489
Chewy, Inc., Class A(b)
  346   28,960
Five Below, Inc.(b)
  145   28,191
Floor & Decor Holdings, Inc., Class A(b)
  293   35,749
Lithia Motors, Inc., Class A
  70   26,405
RH(b)
  37   24,571
        214,237
Financials-9.81%
First Republic Bank
  177   34,519
KKR & Co., Inc., Class A
  537   34,239
MSCI, Inc.
  81   48,273
SVB Financial Group(b)
  47   25,848
        142,879
Health Care-18.52%
Align Technology, Inc.(b)
  46   32,007
Catalent, Inc.(b)
  281   33,666
Charles River Laboratories International, Inc.(b)
  109   44,354
IDEXX Laboratories, Inc.(b)
  79   53,604
Mettler-Toledo International, Inc.(b)
  18   26,527
Veeva Systems, Inc., Class A(b)
  108   35,933
West Pharmaceutical Services, Inc.
  106   43,643
        269,734
Industrials-16.14%
AMETEK, Inc.
  263   36,570
Generac Holdings, Inc.(b)
  117   49,065
IDEX Corp.
  124   28,110
ITT, Inc.
  269   26,338
Old Dominion Freight Line, Inc.
  145   39,027
Trane Technologies PLC
  151   30,745
Trex Co., Inc.(b)
  260   25,246
        235,101
  Shares   Value
Information Technology-38.50%
Avalara, Inc.(b)
  185   $30,926
Crowdstrike Holdings, Inc., Class A(b)
  118   29,926
DocuSign, Inc.(b)
  111   33,082
Entegris, Inc.
  299   36,071
EPAM Systems, Inc.(b)
  79   44,224
Five9, Inc.(b)
  153   30,797
Globant S.A.(b)
  148   35,396
HubSpot, Inc.(b)
  79   47,086
MongoDB, Inc.(b)
  75   26,919
Monolithic Power Systems, Inc.
  131   58,853
Motorola Solutions, Inc.
  130   29,110
Synopsys, Inc.(b)
  170   48,958
Trimble, Inc.(b)
  436   37,278
Twilio, Inc., Class A(b)
  84   31,382
Zebra Technologies Corp., Class A(b)
  74   40,884
        560,892
Materials-2.21%
Avery Dennison Corp.
  153   32,234
Total Common Stocks & Other Equity Interests

(Cost $1,227,673)
  1,455,077
Money Market Funds-0.15%
Invesco Government & Agency Portfolio, Institutional Class, 0.03%(c)(d)

(Cost $2,203)
  2,203   2,203
TOTAL INVESTMENTS IN SECURITIES-100.04%

(Cost $1,229,876)
  1,457,280
OTHER ASSETS LESS LIABILITIES-(0.04)%
  (624)
NET ASSETS-100.00%
  $1,456,656
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) 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, 2021.
    
  Value
October 31, 2020 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation 		  Realized
Gain 		  Value
July 31, 2021 		  Dividend
Income
Investments in Affiliated Money Market Funds:                          
Invesco Government & Agency Portfolio, Institutional Class $-   $319,611   $(317,408)   $-   $-   $2,203   $2
Investments Purchased with Cash Collateral from Securities on Loan:                          
Invesco Private Government Fund -   111,135   (111,135)   -   -   -   -
Invesco Private Prime Fund -   196,994   (196,994)   -   -   -   3*
Total $-   $627,740   $(625,537)   $-   $-   $2,203   $5
    
* 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, 2021.
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 Real Assets ESG ETF (IVRA)
July 31, 2021
(Unaudited)
  Shares   Value
Common Stocks & Other Equity Interests-99.24%
Consumer Staples-1.33%
Archer-Daniels-Midland Co.
  414   $24,724
Energy-21.23%
Cheniere Energy, Inc.(b)
  541   45,947
Enbridge, Inc. (Canada)
  2,464   97,072
Gibson Energy, Inc. (Canada)
  1,185   21,700
Inter Pipeline Ltd. (Canada)
  311   4,978
Keyera Corp. (Canada)(c)
  886   23,705
Kinder Morgan, Inc.
  780   13,556
ONEOK, Inc.
  936   48,644
Pembina Pipeline Corp. (Canada)
  1,909   63,065
Targa Resources Corp.
  656   27,624
TC Energy Corp. (Canada)
  595   28,988
Williams Cos., Inc. (The)
  758   18,988
        394,267
Industrials-0.27%
Grupo Aeroportuario del Centro Norte S.A.B. de C.V., ADR (Mexico)(b)
  103   5,039
Materials-11.24%
First Quantum Minerals Ltd. (Zambia)
  1,046   22,389
FMC Corp.
  453   48,448
International Paper Co.
  214   12,361
Lundin Mining Corp. (Chile)
  3,747   34,128
Nutrien Ltd. (Canada)
  453   26,918
West Fraser Timber Co. Ltd. (Canada)
  350   25,090
Westrock Co.
  256   12,598
Wheaton Precious Metals Corp. (Canada)
  580   26,776
        208,708
Real Estate-55.13%
Acadia Realty Trust
  1,276   27,306
Alexandria Real Estate Equities, Inc.
  162   32,617
American Tower Corp.
  386   109,161
AvalonBay Communities, Inc.
  167   38,048
Canadian Apartment Properties REIT (Canada)
  300   14,984
CatchMark Timber Trust, Inc., Class A
  638   7,458
Corporate Office Properties Trust
  353   10,392
Cousins Properties, Inc.
  277   11,003
Crown Castle International Corp.
  143   27,612
DiamondRock Hospitality Co.(b)
  2,523   21,723
Douglas Emmett, Inc.
  671   22,411
Duke Realty Corp.
  555   28,238
Equinix, Inc.
  59   48,404
Equity Residential
  458   38,532
Essex Property Trust, Inc.
  133   43,637
Healthpeak Properties, Inc.
  1,464   54,124
Hudson Pacific Properties, Inc.
  497   13,548
JBG SMITH Properties
  1,077   35,143
  Shares   Value
Real Estate-(continued)
Kilroy Realty Corp.
  219   $15,170
Kimco Realty Corp.
  681   14,526
PotlatchDeltic Corp.
  301   15,634
Prologis, Inc.
  950   121,638
Rayonier, Inc.
  316   11,916
Regency Centers Corp.
  310   20,277
SBA Communications Corp., Class A
  162   55,240
Simon Property Group, Inc.
  370   46,813
Summit Hotel Properties, Inc.(b)
  2,915   26,264
Sunstone Hotel Investors, Inc.(b)
  1,531   17,668
UDR, Inc.
  1,092   60,049
Washington REIT
  595   14,453
Weyerhaeuser Co.
  582   19,631
        1,023,620
Utilities-10.04%
American Water Works Co., Inc.
  350   59,539
CenterPoint Energy, Inc.
  1,620   41,245
Consolidated Edison, Inc.
  848   62,557
Essential Utilities, Inc.
  470   23,086
        186,427
Total Common Stocks & Other Equity Interests

(Cost $1,659,116)
  1,842,785
Money Market Funds-0.68%
Invesco Government & Agency Portfolio, Institutional Class, 0.03%(d)(e)

(Cost $12,688)
  12,688   12,688
TOTAL INVESTMENTS IN SECURITIES

(excluding investments purchased with cash collateral from securities on loan)-99.92%

(Cost $1,671,804)
  1,855,473
Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds-1.34%
Invesco Private Government Fund, 0.02%(d)(e)(f)
  7,433   7,433
Invesco Private Prime Fund, 0.12%(d)(e)(f)
  17,336   17,343
Total Investments Purchased with Cash Collateral from Securities on Loan

(Cost $24,776)
  24,776
TOTAL INVESTMENTS IN SECURITIES-101.26%

(Cost $1,696,580)
  1,880,249
OTHER ASSETS LESS LIABILITIES-(1.26)%
  (23,339)
NET ASSETS-100.00%
  $1,856,910
See accompanying notes which are an integral part of this schedule.
Invesco Real Assets ESG ETF (IVRA)—(continued)
July 31, 2021
(Unaudited)
Investment Abbreviations:
ADR -American Depositary Receipt
REIT -Real Estate Investment Trust
    
Notes to Schedule of Investments:
(a) Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
(b) Non-income producing security.
(c) All or a portion of this security was out on loan at July 31, 2021.
(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 period ended July 31, 2021.
    
  Value
October 31, 2020 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation 		  Realized
Gain 		  Value
July 31, 2021 		  Dividend
Income
Investments in Affiliated Money Market Funds:                          
Invesco Government & Agency Portfolio, Institutional Class $-   $166,982   $(154,294)   $-   $-   $12,688   $1
Investments Purchased with Cash Collateral from Securities on Loan:                          
Invesco Private Government Fund -   77,125   (69,692)   -   -   7,433   -
Invesco Private Prime Fund -   112,637   (95,294)   -   -   17,343   4*
Total $-   $356,744   $(319,280)   $-   $-   $37,464   $5
    
* 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, 2021.
(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.  
    
This Fund has holdings greater than 10% of net assets in the following country:  
Canada 17.95%
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 Select Growth ETF (IVSG)
July 31, 2021
(Unaudited)
  Shares   Value
Common Stocks & Other Equity Interests-99.90%
Communication Services-12.87%
Activision Blizzard, Inc.
  368   $30,772
Alphabet, Inc., Class A(b)
  25   67,363
Facebook, Inc., Class A(b)
  217   77,317
        175,452
Consumer Discretionary-21.57%
Alibaba Group Holding Ltd., ADR (China)(b)
  56   10,931
Amazon.com, Inc.(b)
  41   136,431
Booking Holdings, Inc.(b)
  32   69,704
Farfetch Ltd., Class A (United Kingdom)(b)
  741   37,139
Penn National Gaming, Inc.(b)
  583   39,866
        294,071
Energy-2.15%
Occidental Petroleum Corp.
  1,123   29,310
Financials-4.18%
Apollo Global Management, Inc.(c)
  968   56,976
Health Care-8.08%
Intuitive Surgical, Inc.(b)
  31   30,735
IQVIA Holdings, Inc.(b)
  154   38,146
Kura Oncology, Inc.(b)
  2,179   41,270
        110,151
Industrials-2.49%
United Rentals, Inc.(b)
  103   33,944
Information Technology-46.27%
Apple, Inc.
  414   60,386
Applied Materials, Inc.
  475   66,467
Microsoft Corp.
  599   170,661
NVIDIA Corp.
  292   56,937
Palo Alto Networks, Inc.(b)
  151   60,256
PayPal Holdings, Inc.(b)
  156   42,983
QUALCOMM, Inc.
  486   72,803
RingCentral, Inc., Class A(b)
  81   21,649
  Shares   Value
Information Technology-(continued)
StoneCo Ltd., Class A (Brazil)(b)
  421   $24,772
Visa, Inc., Class A
  218   53,713
        630,627
Materials-2.29%
Freeport-McMoRan, Inc.
  818   31,166
Total Common Stocks & Other Equity Interests

(Cost $1,198,509)
  1,361,697
Money Market Funds-0.14%
Invesco Government & Agency Portfolio, Institutional Class, 0.03%(d)(e)

(Cost $1,932)
  1,932   1,932
TOTAL INVESTMENTS IN SECURITIES

(excluding investments purchased with cash collateral from securities on loan)-100.04%

(Cost $1,200,441)
  1,363,629
Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds-4.27%
Invesco Private Government Fund, 0.02%(d)(e)(f)
  17,460   17,460
Invesco Private Prime Fund, 0.12%(d)(e)(f)
  40,723   40,739
Total Investments Purchased with Cash Collateral from Securities on Loan

(Cost $58,199)
  58,199
TOTAL INVESTMENTS IN SECURITIES-104.31%

(Cost $1,258,640)
  1,421,828
OTHER ASSETS LESS LIABILITIES-(4.31)%
  (58,721)
NET ASSETS-100.00%
  $1,363,107
Investment Abbreviations:
ADR -American Depositary Receipt
    
Notes to Schedule of Investments:
(a) Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
(b) Non-income producing security.
(c) All or a portion of this security was out on loan at July 31, 2021.
(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 period ended July 31, 2021.
    
  Value
October 31, 2020 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation 		  Realized
Gain 		  Value
July 31, 2021 		  Dividend
Income
Investments in Affiliated Money Market Funds:                          
Invesco Government & Agency Portfolio, Institutional Class $-   $63,344   $(61,412)   $-   $-   $1,932   $1
Investments Purchased with Cash Collateral from Securities on Loan:                          
Invesco Private Government Fund -   61,359   (43,899)   -   -   17,460   -
Invesco Private Prime Fund -   147,010   (106,271)   -   -   40,739   3*
Total $-   $271,713   $(211,582)   $-   $-   $60,131   $4
    
* 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.
    
See accompanying notes which are an integral part of this schedule.
Invesco Select Growth ETF (IVSG)—(continued)
July 31, 2021
(Unaudited)
(e) The rate shown is the 7-day SEC standardized yield as of July 31, 2021.
(f) The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return of the securities loaned.  
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments(a)
Invesco US Large Cap Core ESG ETF (IVLC)
July 31, 2021
(Unaudited)
  Shares   Value
Common Stocks & Other Equity Interests-99.84%
Communication Services-10.66%
Alphabet, Inc., Class A(b)
  130   $350,289
Comcast Corp., Class A
  1,413   83,127
Electronic Arts, Inc.
  484   69,677
Netflix, Inc.(b)
  164   84,881
Snap, Inc., Class A(b)
  1,018   75,759
Verizon Communications, Inc.
  1,938   108,102
        771,835
Consumer Discretionary-12.51%
Amazon.com, Inc.(b)
  116   386,001
D.R. Horton, Inc.
  891   85,028
Dollar General Corp.
  235   54,670
Home Depot, Inc. (The)
  404   132,589
O’Reilly Automotive, Inc.(b)
  162   97,822
Ross Stores, Inc.
  576   70,669
Target Corp.
  305   79,620
        906,399
Consumer Staples-6.83%
Mondelez International, Inc., Class A
  1,850   117,031
PepsiCo, Inc.
  812   127,444
Procter & Gamble Co. (The)
  1,074   152,755
Sysco Corp.
  1,316   97,647
        494,877
Energy-1.34%
Baker Hughes Co., Class A
  4,572   97,109
Financials-10.71%
American Express Co.
  644   109,821
Equitable Holdings, Inc.
  2,221   68,562
Intercontinental Exchange, Inc.
  991   118,752
JPMorgan Chase & Co.
  1,469   222,965
Marsh & McLennan Cos., Inc.
  609   89,657
Progressive Corp. (The)
  739   70,323
S&P Global, Inc.
  223   95,605
        775,685
Health Care-12.68%
AstraZeneca PLC, ADR (United Kingdom)
  1,846   105,665
Cooper Cos., Inc. (The)
  169   71,279
Eli Lilly and Co.
  324   78,894
HCA Healthcare, Inc.
  622   154,380
Merck & Co., Inc.
  1,669   128,296
Seagen, Inc.(b)
  213   32,672
Thermo Fisher Scientific, Inc.
  250   135,003
UnitedHealth Group, Inc.
  515   212,293
        918,482
Industrials-9.83%
Fastenal Co.
  1,408   77,116
  Shares   Value
Industrials-(continued)
Hubbell, Inc.
  347   $69,560
Otis Worldwide Corp.
  950   85,073
Rockwell Automation, Inc.
  255   78,392
Stanley Black & Decker, Inc.
  302   59,509
Trane Technologies PLC
  338   68,820
Union Pacific Corp.
  444   97,130
United Parcel Service, Inc., Class B
  595   113,859
Waste Connections, Inc.
  496   62,838
        712,297
Information Technology-28.90%
Accenture PLC, Class A
  394   125,166
Apple, Inc.
  3,389   494,319
Applied Materials, Inc.
  1,012   141,609
Fiserv, Inc.(b)
  961   110,621
Microsoft Corp.
  1,968   560,703
QUALCOMM, Inc.
  1,021   152,946
TE Connectivity Ltd.
  497   73,293
Texas Instruments, Inc.
  782   149,065
Visa, Inc., Class A
  692   170,502
VMware, Inc., Class A(b)
  317   48,735
Workday, Inc., Class A(b)
  282   66,101
        2,093,060
Materials-1.17%
Air Products and Chemicals, Inc.
  292   84,981
Real Estate-3.34%
Alexandria Real Estate Equities, Inc.
  187   37,650
American Tower Corp.
  229   64,761
Prologis, Inc.
  1,090   139,564
        241,975
Utilities-1.87%
American Water Works Co., Inc.
  209   35,553
NextEra Energy, Inc.
  1,286   100,179
        135,732
Total Common Stocks & Other Equity Interests

(Cost $6,770,595)
  7,232,432
Money Market Funds-0.11%
Invesco Government & Agency Portfolio, Institutional Class, 0.03%(c)(d)

(Cost $7,956)
  7,956   7,956
TOTAL INVESTMENTS IN SECURITIES-99.95%

(Cost $6,778,551)
  7,240,388
OTHER ASSETS LESS LIABILITIES-0.05%
  3,408
NET ASSETS-100.00%
  $7,243,796
See accompanying notes which are an integral part of this schedule.
Invesco US Large Cap Core ESG ETF (IVLC)—(continued)
July 31, 2021
(Unaudited)
Investment Abbreviations:
ADR -American Depositary Receipt
    
Notes to Schedule of Investments:
(a) Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
(b) Non-income producing security.
(c) 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, 2021.
    
  Value
October 31, 2020 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation 		  Realized
Gain 		  Value
July 31, 2021 		  Dividend
Income
Investments in Affiliated Money Market Funds:                          
Invesco Government & Agency Portfolio, Institutional Class $-   $142,727   $(134,771)   $-   $-   $7,956   $2
Investments Purchased with Cash Collateral from Securities on Loan:                          
Invesco Private Government Fund -   198,474   (198,474)   -   -   -   1*
Invesco Private Prime Fund -   223,249   (223,249)   -   -   -   17*
Total $-   $564,450   $(556,494)   $-   $-   $7,956   $20
    
* 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, 2021.
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, 2021
(Unaudited)
NOTE 1—Additional Valuation Information
Generally Accepted Accounting Principles ("GAAP") defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available or are unreliable. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment’s assigned level:
Level 1 — Prices are determined using quoted prices in an active market for identical assets.
Level 2 — Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others.
Level 3 — Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect a Fund’s own assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.
Except for the Funds listed below, as of July 31, 2021, all of the securities in each Fund were valued based on Level 1 inputs (see the Schedules of Investments for security categories). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.
  Level 1   Level 2   Level 3   Total
Invesco Real Assets ESG ETF              
Investments in Securities              
Common Stocks & Other Equity Interests $1,842,785   $-   $-   $1,842,785
Money Market Funds 12,688   24,776   -   37,464
Total Investments $1,855,473   $24,776   $-   $1,880,249
Invesco Select Growth ETF              
Investments in Securities              
Common Stocks & Other Equity Interests $1,361,697   $-   $-   $1,361,697
Money Market Funds 1,932   58,199   -   60,131
Total Investments $1,363,629   $58,199   $-   $1,421,828