NPORT-EX 2 edgar.htm
Schedule of Investments(a)
Invesco Focused Discovery Growth ETF (IVDG)
January 31, 2022
(Unaudited)
  Shares   Value
Common Stocks & Other Equity Interests-96.74%
Communication Services-1.90%
Live Nation Entertainment, Inc.(b)
  183   $20,040
Consumer Discretionary-8.71%
Aptiv PLC(b)
  125   17,073
Floor & Decor Holdings, Inc., Class A(b)
  175   19,026
Hilton Worldwide Holdings, Inc.(b)
  199   28,877
Tractor Supply Co.
  123   26,852
        91,828
Energy-2.78%
Cheniere Energy, Inc.
  262   29,318
Financials-13.05%
Arthur J. Gallagher & Co.
  134   21,164
KKR & Co., Inc., Class A
  442   31,453
LPL Financial Holdings, Inc.
  117   20,161
MSCI, Inc.
  61   32,703
SVB Financial Group(b)
  55   32,115
        137,596
Health Care-16.94%
Catalent, Inc.(b)
  205   21,306
Charles River Laboratories International, Inc.(b)
  67   22,094
IDEXX Laboratories, Inc.(b)
  46   23,336
Masimo Corp.(b)
  82   18,029
Mettler-Toledo International, Inc.(b)
  17   25,035
Repligen Corp.(b)
  103   20,429
Tenet Healthcare Corp.(b)
  250   18,530
West Pharmaceutical Services, Inc.
  76   29,885
        178,644
Industrials-15.38%
AMETEK, Inc.
  165   22,567
Equifax, Inc.
  74   17,742
Generac Holdings, Inc.(b)
  58   16,378
IDEX Corp.
  113   24,345
Old Dominion Freight Line, Inc.
  105   31,703
SiteOne Landscape Supply, Inc.(b)
  113   20,353
Waste Connections, Inc.
  234   29,180
        162,268
  Shares   Value
Information Technology-32.18%
Gartner, Inc.(b)
  102   $29,977
Globant S.A.(b)
  108   27,560
HubSpot, Inc.(b)
  53   25,906
Manhattan Associates, Inc.(b)
  156   20,884
Marvell Technology, Inc.
  422   30,131
MongoDB, Inc.(b)
  67   27,142
Monolithic Power Systems, Inc.
  98   39,487
Motorola Solutions, Inc.
  154   35,719
Synopsys, Inc.(b)
  120   37,260
Trimble, Inc.(b)
  376   27,132
Zebra Technologies Corp., Class A(b)
  75   38,184
        339,382
Materials-1.73%
Avery Dennison Corp.
  89   18,282
Real Estate-4.07%
Alexandria Real Estate Equities, Inc.
  102   19,874
Jones Lang LaSalle, Inc.(b)
  92   23,072
        42,946
Total Common Stocks & Other Equity Interests

(Cost $1,162,010)
  1,020,304
Money Market Funds-3.97%
Invesco Government & Agency Portfolio, Institutional Class, 0.03%(c)(d)

(Cost $41,898)
  41,898   41,898
TOTAL INVESTMENTS IN SECURITIES-100.71%

(Cost $1,203,908)
  1,062,202
OTHER ASSETS LESS LIABILITIES-(0.71)%
  (7,478)
NET ASSETS-100.00%
  $1,054,724
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 three months ended January 31, 2022.
    
  Value
October 31, 2021 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation 		  Realized
Gain
(Loss) 		  Value
January 31, 2022 		  Dividend
Income
Investments in Affiliated Money Market Funds:                          
Invesco Government & Agency Portfolio, Institutional Class $16,890   $103,187   $(78,179)   $-   $-   $41,898   $1
See accompanying notes which are an integral part of this schedule.
Invesco Focused Discovery Growth ETF (IVDG)—(continued)
January 31, 2022
(Unaudited)
  Value
October 31, 2021 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation 		  Realized
Gain
(Loss) 		  Value
January 31, 2022 		  Dividend
Income
Investments Purchased with Cash Collateral from Securities on Loan:                          
Invesco Private Government Fund $-   $19,962   $(19,962)   $-   $-   $-   $-
Invesco Private Prime Fund -   42,230   (42,227)   -   (3)   -   1*
Total $16,890   $165,379   $(140,368)   $-   $(3)   $41,898   $2
    
* 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 January 31, 2022.
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)
January 31, 2022
(Unaudited)
  Shares   Value
Common Stocks & Other Equity Interests-99.07%
Consumer Staples-1.72%
Archer-Daniels-Midland Co.
  639   $47,925
Energy-22.92%
Cheniere Energy, Inc.
  794   88,849
Enbridge, Inc. (Canada)
  3,896   164,626
Gibson Energy, Inc. (Canada)
  1,972   37,927
Keyera Corp. (Canada)(b)
  2,505   58,912
Kinder Morgan, Inc.
  1,843   31,994
ONEOK, Inc.
  639   38,775
Pembina Pipeline Corp. (Canada)
  2,938   93,236
Targa Resources Corp.
  805   47,559
TC Energy Corp. (Canada)
  834   43,044
Williams Cos., Inc. (The)
  1,107   33,144
        638,066
Industrials-0.27%
Grupo Aeroportuario del Centro Norte S.A.B. de C.V., ADR (Mexico)
  141   7,580
Materials-12.86%
Agnico Eagle Mines Ltd. (Canada)
  922   44,012
Canfor Corp. (Canada)(c)
  1,267   28,771
First Quantum Minerals Ltd. (Zambia)
  889   21,886
FMC Corp.
  345   38,078
International Paper Co.
  384   18,528
Lundin Mining Corp. (Chile)
  8,249   68,687
Nutrien Ltd. (Canada)
  694   48,446
Sylvamo Corp.(c)
  23   685
West Fraser Timber Co. Ltd. (Canada)(b)
  567   52,456
WestRock Co.
  790   36,466
        358,015
Real Estate-52.08%
Acadia Realty Trust
  1,924   38,076
Agree Realty Corp.
  456   29,813
Alexandria Real Estate Equities, Inc.
  289   56,309
American Homes 4 Rent, Class A
  1,257   49,186
American Tower Corp.
  680   171,020
AvalonBay Communities, Inc.
  149   36,390
Canadian Apartment Properties REIT (Canada)
  447   19,651
Corporate Office Properties Trust
  806   20,360
Cousins Properties, Inc.
  380   14,653
Crown Castle International Corp.
  195   35,589
Douglas Emmett, Inc.
  1,035   32,313
Duke Realty Corp.
  717   41,428
Equinix, Inc.
  95   68,866
Equity Residential
  347   30,789
Federal Realty Investment Trust
  105   13,386
Healthpeak Properties, Inc.
  2,085   73,747
JBG SMITH Properties
  1,812   49,649
  Shares   Value
Real Estate-(continued)
Kilroy Realty Corp.
  698   $44,672
Kimco Realty Corp.
  1,094   26,540
Pebblebrook Hotel Trust
  1,717   37,173
PotlatchDeltic Corp.
  460   24,743
Prologis, Inc.
  1,191   186,773
Regency Centers Corp.
  319   22,888
SBA Communications Corp., Class A
  228   74,200
Simon Property Group, Inc.
  481   70,803
Summit Hotel Properties, Inc.(c)
  4,363   41,100
Sunstone Hotel Investors, Inc.(c)
  2,499   28,264
UDR, Inc.
  1,154   65,593
Washington REIT
  831   20,459
Weyerhaeuser Co.
  622   25,148
        1,449,581
Utilities-9.22%
American Water Works Co., Inc.
  564   90,691
CenterPoint Energy, Inc.
  2,328   66,022
Consolidated Edison, Inc.
  1,155   99,850
        256,563
Total Common Stocks & Other Equity Interests

(Cost $2,500,688)
  2,757,730
Money Market Funds-0.98%
Invesco Government & Agency Portfolio, Institutional Class, 0.03%(d)(e)

(Cost $27,295)
  27,295   27,295
TOTAL INVESTMENTS IN SECURITIES

(excluding investments purchased with cash collateral from securities on loan)-100.05%

(Cost $2,527,983)
  2,785,025
Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds-2.97%
Invesco Private Government Fund, 0.02%(d)(e)(f)
  24,819   24,819
Invesco Private Prime Fund, 0.11%(d)(e)(f)
  57,899   57,910
Total Investments Purchased with Cash Collateral from Securities on Loan

(Cost $82,729)
  82,729
TOTAL INVESTMENTS IN SECURITIES-103.02%

(Cost $2,610,712)
  2,867,754
OTHER ASSETS LESS LIABILITIES-(3.02)%
  (84,060)
NET ASSETS-100.00%
  $2,783,694
See accompanying notes which are an integral part of this schedule.
Invesco Real Assets ESG ETF (IVRA)—(continued)
January 31, 2022
(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) All or a portion of this security was out on loan at January 31, 2022.
(c) Non-income producing security.
(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 three months ended January 31, 2022.
    
  Value
October 31, 2021 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation 		  Realized
Gain
(Loss) 		  Value
January 31, 2022 		  Dividend
Income
Investments in Affiliated Money Market Funds:                          
Invesco Government & Agency Portfolio, Institutional Class $12,077   $374,775   $(359,557)   $-   $-   $27,295   $2
Investments Purchased with Cash Collateral from Securities on Loan:                          
Invesco Private Government Fund 1,639   134,708   (111,528)   -   -   24,819   1*
Invesco Private Prime Fund 3,665   257,111   (202,865)   -   (1)   57,910   7*
Total $17,381   $766,594   $(673,950)   $-   $(1)   $110,024   $10
    
* Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from borrowers, if any.
    
(e) The rate shown is the 7-day SEC standardized yield as of January 31, 2022.
(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 21.23%
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)
January 31, 2022
(Unaudited)
  Shares   Value
Common Stocks & Other Equity Interests-99.50%
Communication Services-16.37%
Alphabet, Inc., Class A(b)
  36   $97,418
Electronic Arts, Inc.
  253   33,563
Meta Platforms, Inc., Class A(b)
  197   61,712
Sea Ltd., ADR (Taiwan)(b)
  102   15,332
        208,025
Consumer Discretionary-12.53%
Amazon.com, Inc.(b)
  25   74,787
Booking Holdings, Inc.(b)
  25   61,403
Farfetch Ltd., Class A (United Kingdom)(b)
  552   11,984
Penn National Gaming, Inc.(b)
  242   11,038
        159,212
Energy-4.61%
APA Corp.
  1,764   58,582
Financials-4.48%
Apollo Global Management, Inc.
  813   56,910
Health Care-8.93%
Intuitive Surgical, Inc.(b)
  143   40,638
IQVIA Holdings, Inc.(b)
  172   42,123
UnitedHealth Group, Inc.
  65   30,717
        113,478
Industrials-2.90%
United Rentals, Inc.(b)
  115   36,814
Information Technology-47.03%
Apple, Inc.
  353   61,697
  Shares   Value
Information Technology-(continued)
Applied Materials, Inc.
  335   $46,290
Block, Inc., Class A(b)
  50   6,115
Microsoft Corp.
  589   183,167
MongoDB, Inc.(b)
  65   26,332
NVIDIA Corp.
  265   64,888
Palo Alto Networks, Inc.(b)
  163   84,336
QUALCOMM, Inc.
  520   91,395
Shopify, Inc., Class A (Canada)(b)
  31   29,892
Zscaler, Inc.(b)
  14   3,600
        597,712
Materials-2.65%
Freeport-McMoRan, Inc.
  906   33,721
Total Common Stocks & Other Equity Interests

(Cost $1,374,959)
  1,264,454
Money Market Funds-0.69%
Invesco Government & Agency Portfolio, Institutional Class, 0.03%(c)(d)

(Cost $8,756)
  8,756   8,756
TOTAL INVESTMENTS IN SECURITIES-100.19%

(Cost $1,383,715)
  1,273,210
OTHER ASSETS LESS LIABILITIES-(0.19)%
  (2,461)
NET ASSETS-100.00%
  $1,270,749
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 three months ended January 31, 2022.
    
  Value
October 31, 2021 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation 		  Realized
Gain
(Loss) 		  Value
January 31, 2022 		  Dividend
Income
Investments in Affiliated Money Market Funds:                          
Invesco Government & Agency Portfolio, Institutional Class $6,376   $46,310   $(43,930)   $-   $-   $8,756   $1
Investments Purchased with Cash Collateral from Securities on Loan:                          
Invesco Private Government Fund 20,688   32,484   (53,172)   -   -   -   -
Invesco Private Prime Fund 48,272   69,309   (117,580)   -   (1)   -   2*
Total $75,336   $148,103   $(214,682)   $-   $(1)   $8,756   $3
    
* 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 January 31, 2022.
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)
January 31, 2022
(Unaudited)
  Shares   Value
Common Stocks & Other Equity Interests-100.03%
Communication Services-9.77%
Alphabet, Inc., Class A(b)
  119   $322,022
Comcast Corp., Class A
  1,235   61,738
Electronic Arts, Inc.
  503   66,728
Netflix, Inc.(b)
  148   63,217
Snap, Inc., Class A(b)
  1,177   38,300
Verizon Communications, Inc.
  1,859   98,954
        650,959
Consumer Discretionary-13.17%
Amazon.com, Inc.(b)
  106   317,096
D.R. Horton, Inc.
  782   69,770
Dollar General Corp.
  230   47,950
Expedia Group, Inc.(b)
  563   103,192
Home Depot, Inc. (The)
  370   135,783
O’Reilly Automotive, Inc.(b)
  133   86,683
Ross Stores, Inc.
  532   52,003
Target Corp.
  295   65,027
        877,504
Consumer Staples-5.98%
Mondelez International, Inc., Class A
  1,381   92,568
PepsiCo, Inc.
  553   95,957
Procter & Gamble Co. (The)
  743   119,214
Sysco Corp.
  1,159   90,576
        398,315
Energy-1.72%
Baker Hughes Co., Class A
  4,178   114,644
Financials-9.94%
Allstate Corp. (The)
  516   62,266
Equitable Holdings, Inc.
  2,205   74,176
Intercontinental Exchange, Inc.
  883   111,841
JPMorgan Chase & Co.
  1,525   226,615
Marsh & McLennan Cos., Inc.
  460   70,674
S&P Global, Inc.
  155   64,359
SVB Financial Group(b)
  90   52,551
        662,482
Health Care-12.06%
AstraZeneca PLC, ADR (United Kingdom)
  1,669   97,152
Cooper Cos., Inc. (The)
  215   85,635
Danaher Corp.
  347   99,169
Eli Lilly and Co.
  436   106,990
HCA Healthcare, Inc.
  560   134,428
Seagen, Inc.(b)
  432   58,108
UnitedHealth Group, Inc.
  470   222,108
        803,590
  Shares   Value
Industrials-10.20%
Deere & Co.
  205   $77,162
Hubbell, Inc.
  339   63,491
Otis Worldwide Corp.
  867   74,068
Rockwell Automation, Inc.
  222   64,207
Stanley Black & Decker, Inc.
  259   45,234
Trane Technologies PLC
  303   52,449
Union Pacific Corp.
  400   97,820
United Parcel Service, Inc., Class B
  715   144,580
Waste Connections, Inc.
  485   60,480
        679,491
Information Technology-30.59%
Accenture PLC, Class A
  360   127,289
Advanced Micro Devices, Inc.(b)
  782   89,343
Apple, Inc.
  2,387   417,200
Applied Materials, Inc.
  918   126,849
Fiserv, Inc.(b)
  889   93,967
Microsoft Corp.
  1,448   450,299
PayPal Holdings, Inc.(b)
  396   68,088
QUALCOMM, Inc.
  883   155,196
salesforce.com, inc.(b)
  549   127,714
TE Connectivity Ltd.
  453   64,784
Texas Instruments, Inc.
  579   103,925
Visa, Inc., Class A
  469   106,074
VMware, Inc., Class A
  305   39,186
Workday, Inc., Class A(b)
  271   68,566
        2,038,480
Materials-1.15%
Air Products and Chemicals, Inc.
  271   76,455
Real Estate-3.62%
Alexandria Real Estate Equities, Inc.
  185   36,045
American Tower Corp.
  190   47,785
Prologis, Inc.
  1,002   157,134
        240,964
Utilities-1.83%
Avangrid, Inc.
  746   34,853
NextEra Energy, Inc.
  1,120   87,495
        122,348
TOTAL INVESTMENTS IN SECURITIES-100.03%

(Cost $6,350,259)
  6,665,232
OTHER ASSETS LESS LIABILITIES-(0.03)%
  (1,695)
NET ASSETS-100.00%
  $6,663,537
See accompanying notes which are an integral part of this schedule.
Invesco US Large Cap Core ESG ETF (IVLC)—(continued)
January 31, 2022
(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.
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 three months ended January 31, 2022.
    
  Value
October 31, 2021 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation 		  Realized
Gain
(Loss) 		  Value
January 31, 2022 		  Dividend
Income
Investments in Affiliated Money Market Funds:                          
Invesco Government & Agency Portfolio, Institutional Class $26,020   $28,256   $(54,276)   $-   $-   $-   $2
Investments Purchased with Cash Collateral from Securities on Loan:                          
Invesco Private Government Fund 12,583   40,096   (52,679)   -   -   -   -
Invesco Private Prime Fund 27,638   83,005   (110,637)   -   (6)   -   5*
Total $66,241   $151,357   $(217,592)   $-   $(6)   $-   $7
    
* 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.
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Notes to Quarterly Schedules of Portfolio Holdings
January 31, 2022
(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 Fund listed below, as of January 31, 2022, 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 $2,757,730   $-   $-   $2,757,730
Money Market Funds 27,295   82,729   -   110,024
Total Investments $2,785,025   $82,729   $-   $2,867,754