NPORT-EX 2 edgar.htm
Schedule of Investments
Invesco International Developed Dynamic Multifactor ETF (IMFL)
May 31, 2021
(Unaudited)
  Shares   Value
Common Stocks & Other Equity Interests-99.47%
Australia-5.71%
Afterpay Ltd.(a)
  1,470   $106,451
ALS Ltd.
  21,088   196,882
Ansell Ltd.
  7,239   227,143
Aristocrat Leisure Ltd.
  6,708   216,739
Australia & New Zealand Banking Group Ltd.
  2,283   50,796
Bank of Queensland Ltd.
  7,291   50,701
Beach Energy Ltd.
  43,565   42,823
Bendigo & Adelaide Bank Ltd.
  10,605   85,602
BHP Group Ltd.
  1,378   51,164
BHP Group PLC
  11,910   358,503
BlueScope Steel Ltd.
  17,899   294,890
Boral Ltd.(a)
  16,704   88,343
carsales.com Ltd.
  5,145   77,189
Charter Hall Group
  15,629   170,616
Commonwealth Bank of Australia
  416   32,251
Computershare Ltd.
  8,924   111,387
Crown Resorts Ltd.(a)
  5,108   50,958
CSR Ltd.
  14,115   60,612
Domino’s Pizza Enterprises Ltd.
  2,298   190,345
Downer EDI Ltd.
  35,010   153,309
Fortescue Metals Group Ltd.
  10,482   178,754
Glencore PLC(a)
  77,261   352,131
Goodman Group
  5,201   77,508
Harvey Norman Holdings Ltd.
  51,027   207,318
IDP Education Ltd.
  2,954   51,241
IGO Ltd.
  18,204   106,802
Iluka Resources Ltd.
  51,107   303,781
Incitec Pivot Ltd.
  22,785   40,578
JB Hi-Fi Ltd.
  8,061   299,359
Macquarie Group Ltd.
  1,555   182,785
Mineral Resources Ltd.
  17,570   621,743
National Australia Bank Ltd.
  1,364   28,487
NEXTDC Ltd.(a)
  3,724   31,725
Oil Search Ltd.
  17,618   50,527
OZ Minerals Ltd.
  20,043   392,794
Qantas Airways Ltd.(a)
  8,626   31,988
Qube Holdings Ltd.
  22,660   53,108
Ramsay Health Care Ltd.
  561   27,403
REA Group Ltd.
  558   70,758
Reece Ltd.
  6,203   98,226
Rio Tinto Ltd.
  986   93,514
Rio Tinto PLC
  1,272   109,365
Santos Ltd.
  41,705   221,209
SEEK Ltd.
  6,867   164,329
Seven Group Holdings Ltd.
  4,480   70,286
Sonic Healthcare Ltd.
  6,441   172,905
South32 Ltd.
  43,399   100,375
Star Entertainment Group Ltd. (The)(a)
  27,754   87,086
Stockland
  85,169   305,981
Suncorp Group Ltd.
  5,682   48,931
Tabcorp Holdings Ltd.
  16,230   64,690
Vocus Group Ltd.(a)
  21,631   91,053
Washington H Soul Pattinson & Co. Ltd.
  2,038   46,664
Wesfarmers Ltd.
  2,459   105,272
Westpac Banking Corp.
  2,550   52,018
WiseTech Global Ltd.
  2,836   60,782
Worley Ltd.
  21,260   173,738
        7,791,918
Austria-0.76%
ams AG(a)(b)
  15,501   305,180
ANDRITZ AG
  1,417   82,854
  Shares   Value
Austria-(continued)
Erste Group Bank AG
  1,650   $68,338
Mondi PLC
  4,783   129,291
OMV AG
  3,317   192,414
Verbund AG
  417   38,580
voestalpine AG
  4,895   219,910
        1,036,567
Belgium-1.12%
Ackermans & van Haaren N.V.
  196   31,779
Ageas S.A./N.V.
  13,115   848,648
Groupe Bruxelles Lambert S.A.
  693   78,677
KBC Group N.V.
  903   73,897
Sofina S.A.
  464   190,480
Solvay S.A., Class A
  224   30,315
Telenet Group Holding N.V.
  799   31,107
UCB S.A.
  603   56,648
Umicore S.A.
  1,587   95,520
Warehouses De Pauw C.V.A.
  2,543   96,774
        1,533,845
Brazil-0.07%
Yara International ASA
  1,914   102,163
Canada-5.17%
Agnico Eagle Mines Ltd.
  1,307   94,108
Alimentation Couche-Tard, Inc., Class B
  1,260   46,082
Bank of Montreal
  803   84,308
Bank of Nova Scotia (The)
  1,672   112,556
Brookfield Asset Management, Inc., Class A
  1,003   50,474
Canadian Imperial Bank of Commerce
  879   103,661
Canadian Natural Resources Ltd.
  31,708   1,098,493
Canadian Pacific Railway Ltd.
  1,290   104,759
Canadian Tire Corp. Ltd., Class A
  6,321   1,081,896
Canopy Growth Corp.(a)
  982   25,566
Cenovus Energy, Inc.
  5,548   45,055
CGI, Inc., Class A(a)
  958   85,633
Constellation Software, Inc.
  34   48,801
Dollarama, Inc.
  972   42,517
Fairfax Financial Holdings Ltd.
  164   77,031
Great-West Lifeco, Inc.
  2,470   75,940
Hydro One Ltd.(c)
  1,415   36,008
IGM Financial, Inc.
  1,935   71,233
Imperial Oil Ltd.
  1,662   54,841
Intact Financial Corp.
  544   73,872
Magna International, Inc.
  7,874   791,832
Manulife Financial Corp.
  24,830   518,799
National Bank of Canada
  4,539   354,252
Nutrien Ltd.
  4,156   258,477
Pembina Pipeline Corp.(b)
  3,580   115,728
Power Corp. of Canada
  16,793   547,719
Restaurant Brands International, Inc.
  2,236   155,946
Royal Bank of Canada
  335   34,837
Shaw Communications, Inc., Class B
  2,443   73,047
Shopify, Inc., Class A(a)
  26   32,337
Sun Life Financial, Inc.
  8,677   467,394
Teck Resources Ltd., Class B
  9,677   238,721
Wheaton Precious Metals Corp.
  889   42,647
        7,044,570
Chile-0.09%
Antofagasta PLC
  5,597   122,567
China-2.18%
AAC Technologies Holdings, Inc.
  6,500   39,319
BOC Hong Kong Holdings Ltd.
  12,000   44,218
See accompanying notes which are an integral part of this schedule.
Invesco International Developed Dynamic Multifactor ETF (IMFL)—(continued)
May 31, 2021
(Unaudited)
  Shares   Value
China-(continued)
Chow Tai Fook Jewellery Group Ltd.
  52,800   $98,913
ESR Cayman Ltd.(a)(c)
  39,000   124,615
Kerry Logistics Network Ltd.
  71,730   214,409
Lee & Man Paper Manufacturing Ltd.
  176,744   160,314
Lenovo Group Ltd.
  588,017   708,363
MicroPort Scientific Corp.
  12,000   93,539
Minth Group Ltd.
  45,242   191,484
MMG Ltd.(a)
  201,002   122,235
Nexteer Automotive Group Ltd.
  109,387   137,835
SITC International Holdings Co. Ltd.
  59,135   208,761
Tingyi Cayman Islands Holding Corp.
  18,000   34,231
Uni-President China Holdings Ltd.
  27,501   30,047
Want Want China Holdings Ltd.
  60,000   44,527
Wharf Holdings Ltd. (The)
  35,776   123,302
Wilmar International Ltd.
  41,500   150,230
Xinyi Glass Holdings Ltd.
  114,000   445,777
        2,972,119
Denmark-1.49%
Ambu A/S, Class B(b)
  1,249   47,649
AP Moller - Maersk A/S, Class A
  55   145,139
AP Moller - Maersk A/S, Class B
  75   207,192
Demant A/S(a)
  1,007   53,790
DSV Panalpina A/S
  738   179,941
Genmab A/S(a)
  309   126,286
GN Store Nord A/S
  2,363   200,889
Pandora A/S
  5,045   682,765
Rockwool International A/S, Class B
  314   155,847
Vestas Wind Systems A/S
  6,075   237,632
        2,037,130
Finland-1.44%
Fortum OYJ
  4,409   127,288
Huhtamaki OYJ
  1,647   77,623
Kesko OYJ, Class B
  15,821   549,648
Kone OYJ, Class B
  390   31,707
Metso Outotec OYJ
  25,809   306,030
Neste OYJ
  1,566   103,202
Nokian Renkaat OYJ
  3,237   129,651
Nordea Bank Abp
  8,016   86,789
Sampo OYJ, Class A
  1,119   53,216
Stora Enso OYJ, Class R
  17,853   317,842
UPM-Kymmene OYJ
  1,661   63,391
Wartsila OYJ Abp
  8,352   112,779
        1,959,166
France-4.64%
Adevinta ASA, Class B(a)
  1,864   36,184
ALD S.A.(c)
  2,528   38,740
Arkema S.A.
  1,425   188,775
Atos SE
  1,141   76,362
AXA S.A.
  3,902   108,397
BNP Paribas S.A.(b)
  761   52,358
Bollore S.A.
  17,227   89,187
Bouygues S.A.
  1,172   47,670
Capgemini SE
  2,034   380,454
Carrefour S.A.(b)
  2,157   43,880
Cie de Saint-Gobain(a)(b)
  6,040   405,700
Cie Generale des Etablissements Michelin S.C.A.
  1,634   250,001
Cie Plastic Omnium S.A.
  2,934   100,860
CNP Assurances
  10,775   197,999
Credit Agricole S.A.
  6,228   93,331
Edenred
  553   30,455
  Shares   Value
France-(continued)
Eiffage S.A.
  1,033   $113,981
Electricite de France S.A.
  2,317   32,755
ENGIE S.A.(b)
  2,023   30,227
Eurazeo SE
  699   61,818
Faurecia SE(a)
  3,617   198,757
Iliad S.A.
  171   28,079
Imerys S.A.
  3,123   163,128
Ipsen S.A.(a)
  1,158   120,834
La Francaise des Jeux SAEM(c)
  2,201   124,137
Legrand S.A.(b)
  846   88,669
Publicis Groupe S.A.
  11,009   744,289
Remy Cointreau S.A.
  209   43,561
Renault S.A.(a)
  12,465   518,162
Rexel S.A.(a)
  25,330   514,983
Safran S.A.
  339   51,256
Sartorius Stedim Biotech
  103   44,642
SCOR SE(a)
  2,049   66,618
SEB S.A.
  366   68,660
Sodexo S.A.(a)
  309   29,827
SOITEC(a)
  645   130,349
Suez S.A.(b)
  8,081   196,730
Technip Energies N.V.(a)
  5,644   85,631
Teleperformance
  282   108,036
Valeo S.A.
  10,399   342,150
Veolia Environnement S.A.
  2,514   79,256
Vivendi SE
  1,502   54,707
Wendel SE
  622   86,983
Worldline S.A.(a)(c)
  594   57,112
        6,325,690
Germany-5.10%
Allianz SE
  147   38,992
Aroundtown S.A.
  4,952   41,780
BASF SE
  497   40,654
Bayerische Motoren Werke AG
  1,045   111,016
Bechtle AG
  362   70,092
Brenntag SE
  4,894   459,522
Continental AG(a)
  1,226   181,693
Covestro AG(c)
  5,562   388,228
CTS Eventim AG & Co. KGaA(a)
  638   43,911
Daimler AG
  3,857   360,086
Deutsche Bank AG(a)
  7,829   117,762
Deutsche Post AG
  3,250   220,714
Deutsche Wohnen SE
  650   41,364
Evonik Industries AG
  1,197   42,971
Evotec SE(a)
  1,208   53,269
Fresenius SE & Co. KGaA
  1,078   58,639
GEA Group AG
  2,168   94,308
HeidelbergCement AG
  3,260   297,997
Hella GmbH & Co. KGaA(a)
  947   65,870
HelloFresh SE(a)
  3,789   342,660
HOCHTIEF AG
  594   50,072
Infineon Technologies AG
  2,864   115,880
KION Group AG
  1,428   151,756
LANXESS AG
  3,982   297,637
LEG Immobilien SE(a)
  240   35,287
Merck KGaA
  440   79,112
METRO AG
  2,387   30,967
MTU Aero Engines AG
  106   27,555
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Class R
  296   85,131
Porsche Automobil Holding SE, Preference Shares
  7,667   853,262
 
See accompanying notes which are an integral part of this schedule.
Invesco International Developed Dynamic Multifactor ETF (IMFL)—(continued)
May 31, 2021
(Unaudited)
  Shares   Value
Germany-(continued)
ProSiebenSat.1 Media SE(a)
  21,191   $476,136
Puma SE
  536   61,258
Rheinmetall AG
  1,247   130,029
RWE AG
  2,374   90,198
Sartorius AG, Preference Shares
  349   172,817
Siemens AG
  335   55,050
TeamViewer AG(a)(c)
  488   19,124
thyssenkrupp AG(a)
  58,300   687,172
Traton SE
  2,037   67,692
United Internet AG
  1,172   48,869
Volkswagen AG, Preference Shares
  185   50,965
Wacker Chemie AG
  1,044   176,519
Zalando SE(a)(c)
  1,169   124,943
        6,958,959
Hong Kong-1.45%
AIA Group Ltd.
  3,800   50,526
ASM Pacific Technology Ltd.
  10,800   142,488
Bank of East Asia Ltd. (The)
  16,352   33,498
CK Asset Holdings Ltd.
  13,500   91,838
CK Hutchison Holdings Ltd.
  12,500   99,530
CLP Holdings Ltd.
  3,000   30,941
Hong Kong Exchanges & Clearing Ltd.
  2,000   123,018
Hongkong Land Holdings Ltd.
  6,000   29,400
Huabao International Holdings Ltd.
  69,251   107,782
Hutchison Port Holdings Trust, Class U
  679,538   163,089
Johnson Electric Holdings Ltd., H Shares
  14,500   38,578
Kerry Properties Ltd.
  24,518   84,501
Man Wah Holdings Ltd.
  56,800   128,068
Mapletree North Asia Commercial Trust(c)
  42,900   33,394
Melco International Development Ltd.
  20,111   36,535
Sino Land Co. Ltd.
  38,000   60,612
Sun Hung Kai Properties Ltd.
  2,000   31,231
Swire Pacific Ltd., Class A
  7,229   56,256
Techtronic Industries Co. Ltd.
  17,000   320,441
Vinda International Holdings Ltd.
  14,000   44,102
Vitasoy International Holdings Ltd.
  8,000   31,077
VTech Holdings Ltd.
  3,666   37,858
WH Group Ltd.
  58,000   49,993
Yue Yuen Industrial Holdings Ltd.
  58,009   151,347
        1,976,103
Indonesia-0.13%
First Pacific Co. Ltd.
  316,124   110,378
Golden Agri-Resources Ltd.
  410,066   72,827
        183,205
Ireland-0.97%
AIB Group PLC(a)(b)
  106,516   355,263
CRH PLC
  5,775   301,977
Flutter Entertainment PLC(a)
  695   130,172
Glanbia PLC
  2,295   38,273
Kingspan Group PLC
  1,463   139,186
Smurfit Kappa Group PLC
  6,837   363,519
        1,328,390
Israel-1.45%
Ashtrom Group Ltd.
  5,090   119,953
Bank Hapoalim BM(a)
  9,236   81,004
Bank Leumi Le-Israel BM
  16,027   128,579
Bezeq The Israeli Telecommunication Corp. Ltd.(a)
  44,320   49,427
Big Shopping Centers Ltd.(a)
  397   48,612
Fattal Holdings 1998 Ltd.(a)
  678   73,088
  Shares   Value
Israel-(continued)
Harel Insurance Investments & Financial Services Ltd.
  13,425   $142,366
ICL Group Ltd.
  18,407   131,302
Israel Discount Bank Ltd., Class A(a)
  39,640   203,107
Maytronics Ltd.
  2,490   48,060
Melisron Ltd.(a)
  737   49,170
Mizrahi Tefahot Bank Ltd.(a)
  2,307   69,795
Nice Ltd.(a)
  775   173,719
Nova Measuring Instruments Ltd.(a)
  1,577   154,761
Paz Oil Co. Ltd.
  365   48,142
Phoenix Holdings Ltd. (The)
  16,240   154,276
Sapiens International Corp. N.V.
  1,218   34,409
Shikun & Binui Ltd.(a)
  8,437   56,860
Teva Pharmaceutical Industries Ltd.(a)
  3,935   41,862
Tower Semiconductor Ltd.(a)
  6,309   173,978
        1,982,470
Italy-1.81%
A2A S.p.A.
  57,698   120,433
Amplifon S.p.A.
  2,725   128,098
Assicurazioni Generali S.p.A.
  9,693   198,898
Atlantia S.p.A.(a)
  1,920   36,603
Banca Mediolanum S.p.A.
  9,599   92,749
Buzzi Unicem S.p.A.
  1,516   42,973
Davide Campari-Milano N.V.
  2,501   32,096
DiaSorin S.p.A.
  164   28,818
FinecoBank Banca Fineco S.p.A.(a)
  21,909   364,831
Intesa Sanpaolo S.p.A.
  34,208   100,384
Italgas S.p.A.
  4,859   32,128
Leonardo S.p.A.
  13,531   118,182
Mediobanca Banca di Credito Finanziario S.p.A.(a)
  29,013   345,505
Moncler S.p.A.
  1,748   123,586
Nexi S.p.A.(a)(c)
  3,659   74,280
Pirelli & C S.p.A.(a)(c)
  7,012   41,342
Poste Italiane S.p.A.(c)
  6,496   91,040
PRADA S.p.A.(a)
  11,900   81,413
Prysmian S.p.A.
  9,899   341,617
Snam S.p.A.(b)
  6,003   35,320
Telecom Italia S.p.A., RSP
  62,542   35,739
        2,466,035
Japan-31.07%
Activia Properties, Inc.
  20   90,293
Advance Residence Investment Corp.
  12   38,081
Advantest Corp.
  3,200   281,955
Aeon Co. Ltd.
  5,900   159,712
Aeon Mall Co. Ltd.
  2,600   41,586
AGC, Inc.
  6,881   302,207
Air Water, Inc.
  3,732   63,492
Aisin Corp.
  4,756   208,230
Ajinomoto Co., Inc.
  1,900   44,194
Alps Alpine Co. Ltd.
  15,088   163,673
Amada Co. Ltd.
  7,175   77,769
As One Corp.
  300   34,808
Asahi Group Holdings Ltd.
  1,500   72,698
Asahi Kasei Corp.
  28,100   317,091
Asics Corp.
  5,900   141,632
Astellas Pharma, Inc.
  2,200   35,218
Azbil Corp.
  3,500   141,623
Bandai Namco Holdings, Inc.
  1,700   122,119
Bank of Kyoto Ltd. (The)
  2,109   106,625
BayCurrent Consulting, Inc.
  500   150,943
Benefit One, Inc.
  1,500   42,419
 
See accompanying notes which are an integral part of this schedule.
Invesco International Developed Dynamic Multifactor ETF (IMFL)—(continued)
May 31, 2021
(Unaudited)
  Shares   Value
Japan-(continued)
Bic Camera, Inc.
  4,650   $46,299
Bridgestone Corp.
  1,200   53,369
Brother Industries Ltd.
  5,132   109,850
Capcom Co. Ltd.
  4,100   131,603
Casio Computer Co. Ltd.
  2,300   40,280
COMSYS Holdings Corp.
  2,233   64,264
Concordia Financial Group Ltd.
  17,251   65,412
Cosmo Energy Holdings Co. Ltd.
  8,375   177,438
Cosmos Pharmaceutical Corp.
  200   28,025
CyberAgent, Inc.
  8,500   169,343
Daido Steel Co. Ltd.
  1,139   56,238
Daifuku Co. Ltd.
  1,100   95,222
Dai-ichi Life Holdings, Inc.
  20,700   434,516
Daiichi Sankyo Co. Ltd.
  1,600   36,837
Daiichikosho Co. Ltd.
  813   31,899
Daikin Industries Ltd.
  300   60,246
Daio Paper Corp.
  2,600   40,687
Daito Trust Construction Co. Ltd.
  629   68,691
Daiwa House Industry Co. Ltd.
  5,600   163,812
Daiwa House REIT Investment Corp.
  17   46,451
Daiwa Securities Group, Inc.
  11,176   64,856
Denka Co. Ltd.
  7,859   300,496
Denso Corp.
  2,500   171,425
DIC Corp.
  2,691   69,199
Disco Corp.
  300   91,657
DMG Mori Co. Ltd.
  4,812   85,017
Dowa Holdings Co. Ltd.
  3,550   146,390
Ebara Corp.
  10,560   520,438
Eisai Co. Ltd.
  500   33,621
ENEOS Holdings, Inc.
  43,600   180,386
Fancl Corp.
  1,100   34,308
FANUC Corp.
  400   96,422
Food & Life Cos. Ltd.
  4,300   191,589
Fuji Electric Co. Ltd.
  8,734   412,180
Fuji Kyuko Co. Ltd.
  700   32,907
FUJIFILM Holdings Corp.
  900   62,130
Fujitsu General Ltd.
  1,600   39,311
Fujitsu Ltd.
  1,600   261,223
Fukuoka Financial Group, Inc.
  7,575   144,715
Furukawa Electric Co. Ltd.
  4,669   125,710
Fuyo General Lease Co. Ltd.
  607   40,789
GLP J-REIT(a)
  70   118,836
GMO internet, Inc.
  3,200   87,438
GMO Payment Gateway, Inc.
  600   72,016
GS Yuasa Corp.
  10,287   294,649
GungHo Online Entertainment, Inc.
  2,525   47,687
H.U. Group Holdings, Inc.
  1,300   35,025
Hakuhodo DY Holdings, Inc.
  13,600   232,366
Hamamatsu Photonics KK
  700   42,901
Haseko Corp.
  3,910   55,961
Hino Motors Ltd.
  28,876   275,960
Hirogin Holdings, Inc.
  5,175   28,375
Hirose Electric Co. Ltd.
  300   43,019
Hisamitsu Pharmaceutical Co., Inc.
  800   44,446
Hitachi Construction Machinery Co. Ltd.
  2,800   95,094
Hitachi Ltd.
  5,300   280,289
Hitachi Metals Ltd.(a)
  3,500   67,502
Hitachi Transport System Ltd.
  2,015   64,586
Honda Motor Co. Ltd.
  2,900   91,450
Horiba Ltd.
  708   45,644
Hoya Corp.
  300   39,568
Hulic Co. Ltd.
  2,508   28,347
  Shares   Value
Japan-(continued)
Ibiden Co. Ltd.
  4,200   $194,772
Idemitsu Kosan Co. Ltd.
  1,355   32,219
IHI Corp.(a)
  10,841   268,524
Iida Group Holdings Co. Ltd.
  5,636   152,155
Industrial & Infrastructure Fund Investment Corp.
  26   46,551
INPEX Corp.
  5,200   35,604
IR Japan Holdings Ltd.
  300   38,300
Isuzu Motors Ltd.
  33,382   452,884
ITOCHU Corp.
  6,600   199,605
Iwatani Corp.
  3,800   222,178
Iyo Bank Ltd. (The)
  6,475   34,679
Izumi Co. Ltd.
  2,625   99,415
Japan Aviation Electronics Industry Ltd.
  2,950   52,602
Japan Logistics Fund, Inc.
  34   95,376
Japan Metropolitan Fund Investment Corp.
  146   146,299
Japan Post Insurance Co. Ltd.
  6,438   128,262
Japan Prime Realty Investment Corp.
  13   50,830
JFE Holdings, Inc.
  17,501   237,113
JGC Holdings Corp.
  14,625   141,230
JSR Corp.
  7,400   226,088
JTEKT Corp.
  20,551   220,693
Justsystems Corp.
  600   32,516
Kajima Corp.
  13,325   185,381
Kakaku.com, Inc.
  1,200   35,790
Kaneka Corp.
  5,866   242,961
Kansai Electric Power Co., Inc. (The)
  3,651   34,526
Kansai Paint Co. Ltd.
  1,200   32,549
Kawasaki Heavy Industries Ltd.(a)
  6,463   157,616
Keio Corp.
  500   31,825
Kenedix Office Investment Corp.
  5   37,099
Kikkoman Corp.
  1,800   119,318
Kobe Steel Ltd.
  16,595   113,777
Koei Tecmo Holdings Co. Ltd.
  1,600   75,217
Koito Manufacturing Co. Ltd.
  4,900   324,365
Komatsu Ltd.
  11,800   356,548
Konami Holdings Corp.
  2,900   187,752
Konica Minolta, Inc.
  23,326   129,807
K’s Holdings Corp.
  2,300   27,711
Kubota Corp.
  7,700   177,910
Kurita Water Industries Ltd.
  1,800   85,438
Kyocera Corp.
  500   30,839
Kyoritsu Maintenance Co. Ltd.
  1,606   53,667
Kyowa Exeo Corp.
  1,225   30,476
Kyowa Kirin Co. Ltd.
  1,800   54,912
Kyudenko Corp.
  1,040   32,578
Kyushu Electric Power Co., Inc.
  3,726   30,459
LaSalle Logiport REIT
  28   45,345
Lasertec Corp.
  1,100   194,644
Lixil Corp.
  23,325   633,524
M3, Inc.
  800   53,910
Mabuchi Motor Co. Ltd.
  1,209   47,931
Makita Corp.
  2,000   95,476
Marubeni Corp.
  23,251   208,884
Mazda Motor Corp.(a)
  12,176   107,395
Medipal Holdings Corp.
  1,665   31,794
MINEBEA MITSUMI, Inc.
  11,000   302,069
MISUMI Group, Inc.
  2,800   90,766
Mitsubishi Chemical Holdings Corp.
  10,551   85,636
Mitsubishi Corp.
  2,700   74,046
Mitsubishi Electric Corp.
  4,900   76,702
Mitsubishi Estate Co. Ltd.
  3,600   59,299
Mitsubishi Gas Chemical Co., Inc.
  15,975   376,805
 
See accompanying notes which are an integral part of this schedule.
Invesco International Developed Dynamic Multifactor ETF (IMFL)—(continued)
May 31, 2021
(Unaudited)
  Shares   Value
Japan-(continued)
Mitsubishi Heavy Industries Ltd.
  2,336   $72,071
Mitsubishi Logistics Corp.
  2,800   85,674
Mitsubishi Materials Corp.
  1,357   29,120
Mitsubishi UFJ Financial Group, Inc.
  10,000   57,404
Mitsui & Co. Ltd.
  6,800   151,087
Mitsui Chemicals, Inc.
  6,225   211,698
Mitsui Fudosan Co. Ltd.
  4,400   104,644
Mitsui Mining & Smelting Co. Ltd.
  7,362   214,885
Mitsui OSK Lines Ltd.
  14,831   590,003
Miura Co. Ltd.
  1,500   68,743
Mizuho Financial Group, Inc.
  5,300   82,241
MonotaRO Co. Ltd.
  2,400   56,085
Mori Hills REIT Investment Corp.
  24   34,262
Morinaga Milk Industry Co. Ltd.
  1,025   53,312
MS&AD Insurance Group Holdings, Inc.
  1,900   58,343
Murata Manufacturing Co. Ltd.
  1,200   91,123
Nabtesco Corp.
  4,800   223,905
Nagase & Co. Ltd.
  5,225   77,348
NEC Corp.
  7,600   355,899
NET One Systems Co. Ltd.
  3,200   98,059
Nexon Co. Ltd.
  2,600   61,563
NGK Insulators Ltd.
  4,939   87,934
NGK Spark Plug Co. Ltd.
  5,279   84,147
NH Foods Ltd.
  4,334   175,173
Nidec Corp.
  500   57,718
Nifco, Inc.
  5,625   194,362
Nihon M&A Center, Inc.
  3,900   94,898
Nihon Unisys Ltd.
  1,413   41,757
Nintendo Co. Ltd.
  100   61,805
Nippon Electric Glass Co. Ltd.
  9,200   222,272
Nippon Express Co. Ltd.
  2,232   180,833
Nippon Kayaku Co. Ltd.
  3,075   28,995
Nippon Prologis REIT, Inc.(a)
  12   37,099
Nippon Sanso Holdings Corp.
  4,700   93,423
Nippon Steel Corp.
  19,787   378,288
Nippon Yusen KK
  21,788   891,530
Nipro Corp.
  2,260   27,989
Nissan Chemical Corp.
  3,800   199,718
Nissan Motor Co. Ltd.(a)
  19,000   95,592
Nitori Holdings Co. Ltd.
  200   34,635
Nitto Denko Corp.
  4,100   324,719
NOF Corp.
  1,800   95,258
NOK Corp.
  2,725   34,392
Nomura Holdings, Inc.
  28,200   155,263
Nomura Real Estate Holdings, Inc.
  5,066   133,174
Nomura Real Estate Master Fund, Inc.
  90   141,578
NSK Ltd.
  13,275   128,797
NTT Data Corp.
  7,700   124,768
Obayashi Corp.
  4,976   42,441
Odakyu Electric Railway Co. Ltd.
  1,100   28,987
Oji Holdings Corp.
  15,044   90,285
OKUMA Corp.
  2,310   121,618
Olympus Corp.
  5,100   109,072
Omron Corp.
  2,300   182,787
Ono Pharmaceutical Co. Ltd.
  2,800   63,969
Open House Co. Ltd.
  7,909   366,773
ORIX Corp.
  20,000   354,808
ORIX JREIT, Inc.
  44   80,818
Osaka Gas Co. Ltd.
  1,675   32,061
OSG Corp.
  2,037   33,563
Otsuka Holdings Co. Ltd.
  1,500   62,823
Pan Pacific International Holdings Corp.
  2,400   48,011
  Shares   Value
Japan-(continued)
Panasonic Corp.
  41,900   $478,721
Penta-Ocean Construction Co. Ltd.
  23,776   170,145
Persol Holdings Co. Ltd.
  14,240   278,132
Rakuten Group, Inc.
  11,500   133,639
Recruit Holdings Co. Ltd.
  1,100   56,583
Renesas Electronics Corp.(a)
  14,200   152,233
RENOVA, Inc.(a)
  1,700   55,572
Resona Holdings, Inc.
  47,201   203,397
Resorttrust, Inc.
  2,313   36,932
Ricoh Co. Ltd.
  10,330   123,706
Rinnai Corp.
  500   49,739
Rohm Co. Ltd.
  2,100   197,445
Ryohin Keikaku Co. Ltd.
  4,300   82,852
Sankyu, Inc.
  630   27,612
Sanwa Holdings Corp.
  17,435   218,146
SBI Holdings, Inc.
  10,500   268,097
SCREEN Holdings Co. Ltd.
  2,000   187,315
SCSK Corp.
  900   53,767
Secom Co. Ltd.
  300   23,763
Sega Sammy Holdings, Inc.
  2,859   36,708
Seiko Epson Corp.
  9,025   164,703
Seino Holdings Co. Ltd.
  3,575   50,679
Sekisui Chemical Co. Ltd.
  9,657   169,124
Sekisui House Ltd.
  4,300   90,790
Sekisui House Reit, Inc.
  72   58,857
Seven & i Holdings Co. Ltd.
  900   39,683
SG Holdings Co. Ltd.
  7,400   163,981
Sharp Corp.
  7,338   137,319
Shimadzu Corp.
  2,600   92,557
Shimamura Co. Ltd.
  505   48,491
Shimano, Inc.
  400   91,130
Shin-Etsu Chemical Co. Ltd.
  600   104,506
Shinko Electric Industries Co. Ltd.
  2,600   83,928
Shionogi & Co. Ltd.
  1,100   56,223
Ship Healthcare Holdings, Inc.
  2,192   52,580
Shizuoka Bank Ltd. (The)
  4,300   34,486
Showa Denko K.K.
  1,467   46,488
SMC Corp.
  100   60,314
SMS Co. Ltd.
  1,100   30,657
Sojitz Corp.
  16,603   51,632
Sompo Holdings, Inc.
  9,300   374,706
Sony Group Corp.
  600   59,850
Stanley Electric Co. Ltd.
  5,300   159,759
Subaru Corp.
  1,400   27,440
SUMCO Corp.
  11,175   259,116
Sumitomo Bakelite Co. Ltd.
  3,425   139,834
Sumitomo Chemical Co. Ltd.
  79,727   444,398
Sumitomo Corp.
  7,800   110,785
Sumitomo Dainippon Pharma Co. Ltd.
  2,600   50,073
Sumitomo Electric Industries Ltd.
  17,936   277,419
Sumitomo Forestry Co. Ltd.
  9,337   190,858
Sumitomo Heavy Industries Ltd.
  8,407   265,263
Sumitomo Metal Mining Co. Ltd.
  8,400   376,635
Sumitomo Mitsui Financial Group, Inc.
  4,300   157,455
Sumitomo Mitsui Trust Holdings, Inc.
  2,100   73,517
Sumitomo Realty & Development Co. Ltd.
  4,500   153,567
Sumitomo Rubber Industries Ltd.
  3,006   38,868
Suzuken Co. Ltd.
  1,088   34,329
Suzuki Motor Corp.
  9,400   412,412
Sysmex Corp.
  600   62,414
T&D Holdings, Inc.
  45,101   615,564
Taiheiyo Cement Corp.
  8,835   206,224
 
See accompanying notes which are an integral part of this schedule.
Invesco International Developed Dynamic Multifactor ETF (IMFL)—(continued)
May 31, 2021
(Unaudited)
  Shares   Value
Japan-(continued)
Taisei Corp.
  2,875   $101,824
Taiyo Yuden Co. Ltd.
  4,925   235,110
Takara Holdings, Inc.
  12,238   164,360
Takeda Pharmaceutical Co. Ltd.
  800   27,381
TDK Corp.
  2,800   354,408
TechnoPro Holdings, Inc.
  707   51,237
Teijin Ltd.
  2,313   38,194
Terumo Corp.
  800   30,996
THK Co. Ltd.
  1,700   56,345
TIS, Inc.
  4,800   123,388
Toda Corp.
  7,676   56,117
Toho Gas Co. Ltd.
  700   38,827
Tokai Carbon Co. Ltd.
  7,525   112,969
Tokai Rika Co. Ltd.
  3,157   51,672
Tokio Marine Holdings, Inc.
  1,000   47,020
Tokuyama Corp.
  4,375   92,055
Tokyo Century Corp.
  2,300   135,522
Tokyo Electric Power Co. Holdings, Inc.(a)
  8,850   27,763
Tokyo Electron Ltd.
  300   131,730
Tokyo Ohka Kogyo Co. Ltd.
  1,400   88,729
Tokyo Tatemono Co. Ltd.
  9,575   146,357
Tokyu Fudosan Holdings Corp.
  17,201   103,699
Toppan Printing Co. Ltd.
  2,483   43,508
Toray Industries, Inc.
  58,517   388,269
Toshiba Corp.
  1,600   67,652
Tosoh Corp.
  16,758   299,427
TOTO Ltd.
  3,500   193,499
Toyo Seikan Group Holdings Ltd.
  3,775   51,695
Toyo Tire Corp.
  8,235   168,107
Toyoda Gosei Co. Ltd.
  3,450   88,340
Toyota Boshoku Corp.
  2,475   48,026
Toyota Industries Corp.
  1,900   165,165
Toyota Tsusho Corp.
  15,172   695,311
Trend Micro, Inc.
  1,100   56,013
TS Tech Co. Ltd.
  1,872   26,742
Ube Industries Ltd.
  3,615   76,984
Ulvac, Inc.
  3,713   172,187
United Urban Investment Corp.
  63   90,282
USS Co. Ltd.
  1,500   26,474
Yamaha Corp.
  1,200   72,562
Yamaha Motor Co. Ltd.
  21,867   645,223
Yamato Holdings Co. Ltd.
  14,000   383,178
Yamato Kogyo Co. Ltd.
  1,718   56,941
Yaskawa Electric Corp.
  3,300   157,236
Yokogawa Electric Corp.
  11,800   191,847
Yokohama Rubber Co. Ltd. (The)
  5,125   104,993
Z Holdings Corp.
  21,000   100,365
Zenkoku Hosho Co. Ltd.
  1,911   79,238
Zensho Holdings Co. Ltd.
  1,218   30,457
Zeon Corp.
  13,275   202,550
ZOZO, Inc.
  2,000   68,379
        42,374,493
Jordan-0.03%
Hikma Pharmaceuticals PLC
  1,231   42,657
Luxembourg-0.69%
ArcelorMittal S.A.(a)
  17,405   561,745
Eurofins Scientific SE(a)
  2,111   225,985
L’Occitane International S.A.
  31,813   105,749
RTL Group S.A.
  696   41,374
        934,853
  Shares   Value
Macau-0.02%
Galaxy Entertainment Group Ltd.(a)
  3,000   $25,105
Mexico-0.03%
Fresnillo PLC
  3,222   41,005
Netherlands-2.25%
Aalberts N.V.
  3,880   220,488
Adyen N.V.(a)(c)
  107   247,937
Aegon N.V.
  42,514   200,939
Akzo Nobel N.V.
  1,082   137,867
Argenx SE(a)(b)
  379   106,417
ASM International N.V.
  1,152   359,668
ASR Nederland N.V.
  5,997   257,729
Euronext N.V.(c)
  819   86,996
EXOR N.V.
  2,953   254,394
IMCD N.V.
  657   106,924
ING Groep N.V.
  14,578   202,728
Koninklijke DSM N.V.
  165   30,350
NN Group N.V.
  4,173   211,975
Randstad N.V.
  1,805   140,501
Signify N.V.
  8,075   498,517
        3,063,430
New Zealand-0.63%
Contact Energy Ltd.
  8,270   46,347
Fisher & Paykel Healthcare Corp. Ltd.
  1,418   30,030
Fletcher Building Ltd.
  28,313   152,515
Infratil Ltd.
  20,061   109,227
Mercury NZ Ltd.
  9,478   44,940
Meridian Energy Ltd.
  6,681   24,945
Ryman Healthcare Ltd.
  15,165   143,590
SKYCITY Entertainment Group Ltd.(a)
  53,521   138,914
Spark New Zealand Ltd.
  13,073   42,603
Xero Ltd.(a)
  1,195   120,173
        853,284
Norway-0.66%
Aker ASA, Class A
  1,223   94,700
Aker BP ASA
  5,578   164,422
Norsk Hydro ASA
  59,675   386,944
Scatec ASA(c)
  3,397   91,677
Schibsted ASA, Class A
  1,533   74,855
Schibsted ASA, Class B
  1,008   41,788
TOMRA Systems ASA
  868   45,084
        899,470
Poland-1.08%
Dino Polska S.A.(a)(c)
  1,175   90,975
KGHM Polska Miedz S.A.(a)
  8,363   460,982
LPP S.A.(a)
  44   137,106
Polski Koncern Naftowy ORLEN S.A.
  7,939   172,413
Polskie Gornictwo Naftowe i Gazownictwo S.A.
  179,949   322,358
Powszechna Kasa Oszczednosci Bank Polski S.A.(a)
  17,399   188,126
Powszechny Zaklad Ubezpieczen S.A.(a)
  6,319   63,345
Santander Bank Polska S.A.(a)
  474   34,936
        1,470,241
Portugal-0.08%
EDP - Energias de Portugal S.A.
  18,432   107,280
Russia-0.41%
Coca-Cola HBC AG(a)
  1,574   57,332
Evraz PLC
  44,743   404,487
Polymetal International PLC
  3,904   93,906
        555,725
 
See accompanying notes which are an integral part of this schedule.
Invesco International Developed Dynamic Multifactor ETF (IMFL)—(continued)
May 31, 2021
(Unaudited)
  Shares   Value
Saudi Arabia-0.03%
Delivery Hero SE(a)(c)
  262   $35,506
Singapore-0.97%
Ascendas REIT
  24,700   54,321
BOC Aviation Ltd.(c)
  14,800   133,289
ComfortDelGro Corp. Ltd.
  25,705   32,636
DBS Group Holdings Ltd.
  1,500   34,473
Frasers Logistics & Commercial Trust(c)
  218,900   234,914
Genting Singapore Ltd.
  60,479   38,622
Jardine Cycle & Carriage Ltd.
  2,414   40,464
Keppel DC REIT
  32,300   62,735
Mapletree Commercial Trust
  19,600   30,662
Mapletree Industrial Trust
  28,200   58,608
Mapletree Industrial Trust, Rts., expiring 06/30/2021(a)
  1,410   117
Mapletree Logistics Trust
  47,900   71,676
Oversea-Chinese Banking Corp. Ltd.
  12,300   116,196
SATS Ltd.(a)
  12,751   38,257
Sembcorp Industries Ltd.
  24,977   41,528
Singapore Exchange Ltd.
  5,000   39,261
Singapore Technologies Engineering Ltd.
  19,000   55,857
United Overseas Bank Ltd.
  5,500   109,235
Venture Corp. Ltd.
  9,100   132,456
        1,325,307
South Africa-0.28%
Anglo American PLC
  8,633   383,734
South Korea-7.82%
Alteogen, Inc.(a)
  602   38,107
Celltrion Pharm, Inc.(a)
  362   44,824
Celltrion, Inc.(a)
  115   28,201
CJ CheilJedang Corp.
  738   312,656
CJ CheilJedang Corp., Preference Shares
  179   34,346
Daewoo Engineering & Construction Co. Ltd.(a)
  14,929   106,817
Daewoo Shipbuilding & Marine Engineering Co. Ltd.(a)
  3,691   111,693
DGB Financial Group, Inc.
  11,253   95,246
DL E&C Co. Ltd.(a)
  485   58,271
DL Holdings Co. Ltd.
  558   41,676
Dongsuh Cos., Inc.
  886   23,951
Doosan Bobcat, Inc.(a)
  1,038   47,093
Doosan Heavy Industries & Construction Co. Ltd.(a)
  18,105   289,764
Doosan Infracore Co. Ltd.(a)
  18,255   202,961
E-MART, Inc.
  410   57,348
Fila Holdings Corp.
  2,257   111,100
Green Cross Corp.
  146   45,490
GS Engineering & Construction Corp.
  6,127   243,915
Hana Financial Group, Inc.
  6,754   275,840
Hankook Tire & Technology Co. Ltd.
  7,166   310,657
Hanwha Aerospace Co. Ltd.
  4,632   196,651
Hanwha Corp.
  5,659   161,099
Hanwha Life Insurance Co. Ltd.
  36,842   129,490
Hanwha Solutions Corp.(a)
  3,513   142,530
HDC Hyundai Development Co-Engineering & Construction, Class E
  1,246   32,678
HMM Co. Ltd.(a)
  2,700   120,196
Hyundai Engineering & Construction Co. Ltd.
  3,567   179,421
Hyundai Glovis Co. Ltd.
  1,724   296,015
Hyundai Mobis Co. Ltd.
  815   203,513
Hyundai Motor Co.
  857   178,270
Hyundai Motor Co., Second Pfd.
  306   30,043
Hyundai Steel Co.
  10,137   484,446
  Shares   Value
South Korea-(continued)
Hyundai Wia Corp.
  2,110   $155,512
Kakao Corp.
  545   59,616
KB Financial Group, Inc.
  885   45,230
Kia Corp.
  5,851   444,347
Korea Aerospace Industries Ltd.
  2,108   64,074
Korea Investment Holdings Co. Ltd.
  5,153   482,819
Korean Air Lines Co. Ltd.(a)
  4,814   137,043
Kumho Petrochemical Co. Ltd.
  1,374   287,662
LG Chem Ltd.
  92   68,631
LG Corp.
  639   61,305
LG Display Co. Ltd.(a)
  17,101   358,794
LG Electronics, Inc.
  4,681   635,857
LG Electronics, Inc., Preference Shares
  943   60,539
LG Innotek Co. Ltd.
  1,076   194,400
Lotte Chemical Corp.
  292   73,569
LOTTE Fine Chemical Co. Ltd.
  1,066   63,561
Lotte Shopping Co. Ltd.
  451   47,312
LS Corp.
  2,317   142,514
LX Holdings Corp.(a)
  310   3,409
Mando Corp.(a)
  4,152   241,980
Mirae Asset Securities Co. Ltd.
  44,826   396,292
NAVER Corp.
  176   56,494
POSCO
  764   244,551
POSCO Chemical Co. Ltd.
  288   38,476
Posco International Corp.
  6,586   126,961
Samsung Electro-Mechanics Co. Ltd.
  616   92,789
Samsung Engineering Co. Ltd.(a)
  2,843   49,197
Samsung Life Insurance Co. Ltd.
  2,823   210,592
Samsung SDI Co. Ltd.
  169   96,978
Samsung Securities Co. Ltd.
  1,045   43,475
Seegene, Inc.
  526   32,212
Shin Poong Pharmaceutical Co. Ltd.
  730   42,872
SK Chemicals Co. Ltd.
  218   49,550
SK Holdings Co. Ltd.
  1,956   465,631
SK Innovation Co. Ltd.(a)
  1,576   387,182
SKC Co. Ltd.
  596   69,470
        10,665,204
Spain-2.04%
Acciona S.A.
  518   89,539
ACS Actividades de Construccion y Servicios S.A.
  24,039   740,863
Amadeus IT Group S.A.(a)
  419   31,645
Banco Bilbao Vizcaya Argentaria S.A.(a)
  78,701   491,428
Banco Santander S.A.(a)
  36,330   152,703
Bankinter S.A.
  21,677   123,580
CaixaBank S.A.
  158,782   549,507
EDP Renovaveis S.A.
  1,319   31,332
Enagas S.A.
  1,743   40,915
Endesa S.A.
  2,010   57,907
Iberdrola S.A.
  3,273   45,073
Linea Directa Aseguradora S.A. Cia de Seguros y Reaseguros(a)
  21,677   42,249
Mapfre S.A.
  19,647   44,946
Naturgy Energy Group S.A.
  1,125   29,423
Red Electrica Corp. S.A.
  2,971   59,426
Repsol S.A.
  11,504   153,645
Siemens Gamesa Renewable Energy S.A., Class R(a)
  1,462   48,281
Telefonica S.A.
  10,383   51,003
        2,783,465
Sweden-4.18%
Alfa Laval AB
  2,049   76,328
 
See accompanying notes which are an integral part of this schedule.
Invesco International Developed Dynamic Multifactor ETF (IMFL)—(continued)
May 31, 2021
(Unaudited)
  Shares   Value
Sweden-(continued)
Atlas Copco AB, Class A
  618   $37,725
Boliden AB(a)
  12,525   502,096
Castellum AB
  1,292   33,426
Electrolux AB, Series B
  16,266   462,464
Elekta AB, Class B(b)
  7,097   98,202
Epiroc AB, Class A
  5,205   118,526
Epiroc AB, Class B
  2,659   53,824
EQT AB
  1,599   58,066
Evolution AB(c)
  1,438   267,735
Getinge AB, Class B
  1,321   46,781
H & M Hennes & Mauritz AB, Class B(a)
  1,885   48,666
Hexagon AB, Class B
  8,932   127,565
Holmen AB, Class B
  747   34,173
Husqvarna AB, Class B
  30,081   442,804
Industrivarden AB, Class A
  771   31,389
Indutrade AB
  9,618   253,920
Investor AB, Class B
  1,916   43,964
Kinnevik AB, Class A(a)
  1,134   21,462
Kinnevik AB, Class A(b)
  1,134   61,566
Kinnevik AB, Class B(b)
  17,979   650,085
Kinnevik AB, Class B(a)
  17,979   339,194
LifCo AB, Class B
  8,340   185,555
Lundin Energy AB
  3,578   122,494
Nibe Industrier AB, Class B
  22,600   237,439
Sagax AB, Class B
  3,111   88,226
Sandvik AB
  3,874   102,927
Securitas AB, Class B
  2,731   44,665
Sinch AB(a)(b)(c)
  873   156,309
Skanska AB, Class B
  2,560   72,231
SKF AB, Class B
  7,479   202,213
Svenska Cellulosa AB S.C.A., Class B
  4,056   67,748
Sweco AB, Class B
  2,925   51,633
Telefonaktiebolaget LM Ericsson, Class B
  3,332   44,580
Trelleborg AB, Class B
  13,745   352,470
Volvo AB, Class B
  5,985   157,612
        5,696,063
Switzerland-3.32%
ABB Ltd.
  3,927   133,860
Adecco Group AG
  4,322   299,642
Alcon, Inc.
  577   40,285
Baloise Holding AG
  840   139,899
Cie Financiere Richemont S.A.
  836   101,522
Clariant AG(a)
  4,598   99,465
Credit Suisse Group AG
  23,818   260,766
DKSH Holding AG
  843   68,748
Geberit AG
  79   57,386
Georg Fischer AG
  201   288,977
Helvetia Holding AG
  731   82,111
Holcim Ltd.(a)
  2,834   169,779
Julius Baer Group Ltd.
  2,123   144,592
Kuehne + Nagel International AG, Class R
  277   93,528
Logitech International S.A., Class R
  2,564   315,639
Lonza Group AG
  169   109,356
OC Oerlikon Corp. AG
  6,803   78,079
Partners Group Holding AG
  113   170,746
SIG Combibloc Group AG(a)
  6,190   163,957
Sika AG
  390   125,703
Sonova Holding AG, Class A(a)
  369   130,742
STMicroelectronics N.V.
  3,501   130,757
Straumann Holding AG, Class R
  101   158,225
Sulzer AG
  1,382   177,193
Swatch Group AG (The), BR
  103   37,307
  Shares   Value
Switzerland-(continued)
Swiss Life Holding AG
  537   $280,119
Tecan Group AG, Class R
  278   139,239
UBS Group AG
  14,325   233,882
VAT Group AG(c)
  751   229,126
Zurich Insurance Group AG
  170   71,528
        4,532,158
Taiwan-0.03%
FIT Hon Teng Ltd.(a)(c)
  139,253   39,651
United Kingdom-8.76%
3i Group PLC
  6,653   117,252
Admiral Group PLC
  1,792   74,674
Ashmore Group PLC
  6,681   37,531
Ashtead Group PLC
  7,419   541,520
Auto Trader Group PLC(a)(c)
  11,496   91,539
Aviva PLC
  64,143   373,967
B&M European Value Retail S.A.
  45,507   371,648
Barclays PLC
  106,836   277,355
Barratt Developments PLC
  14,547   156,011
Bellway PLC
  1,444   73,255
Berkeley Group Holdings PLC
  999   66,275
BT Group PLC(a)
  17,942   44,480
Bunzl PLC
  7,664   248,298
Burberry Group PLC(a)
  3,855   116,750
Centrica PLC(a)
  72,582   56,251
CNH Industrial N.V.
  21,435   368,035
Compass Group PLC(a)
  1,281   29,215
Croda International PLC
  692   68,563
DCC PLC
  1,114   94,580
Direct Line Insurance Group PLC
  16,224   68,389
DS Smith PLC
  19,409   115,140
Entain PLC(a)
  13,816   323,121
Halma PLC
  992   36,625
Howden Joinery Group PLC
  11,953   135,072
IMI PLC
  15,148   356,528
Imperial Brands PLC
  3,436   77,948
Informa PLC(a)
  6,526   50,336
InterContinental Hotels Group PLC(a)
  1,216   84,843
Intermediate Capital Group PLC
  8,559   255,207
Intertek Group PLC
  551   42,405
ITV PLC(a)
  171,260   311,782
J Sainsbury PLC
  14,604   54,996
JD Sports Fashion PLC(a)
  17,381   232,932
Johnson Matthey PLC
  7,575   327,147
Kingfisher PLC(a)
  155,270   793,200
Legal & General Group PLC
  162,206   653,845
Lloyds Banking Group PLC
  49,513   35,024
M&G PLC
  269,676   934,871
Melrose Industries PLC
  48,434   118,597
Natwest Group PLC
  10,444   30,653
Next PLC(a)
  3,003   347,352
Ocado Group PLC(a)
  2,187   58,575
Pearson PLC
  12,429   144,187
Persimmon PLC(a)
  6,973   312,419
Phoenix Group Holdings PLC
  10,763   112,255
Prudential PLC
  15,318   325,997
Renishaw PLC
  1,027   80,597
Rentokil Initial PLC
  6,480   43,531
Rightmove PLC
  6,482   55,419
Schroders PLC
  1,272   64,151
Segro PLC
  7,748   114,634
Smiths Group PLC
  7,189   157,940
 
See accompanying notes which are an integral part of this schedule.
Invesco International Developed Dynamic Multifactor ETF (IMFL)—(continued)
May 31, 2021
(Unaudited)
  Shares   Value
United Kingdom-(continued)
Spirax-Sarco Engineering PLC
  273   $49,158
SSE PLC
  2,286   49,979
St James’s Place PLC
  8,957   177,478
Standard Life Aberdeen PLC
  44,612   173,946
Tate & Lyle PLC
  7,605   82,596
Taylor Wimpey PLC
  16,299   39,610
TechnipFMC PLC(a)
  6,468   55,468
Tesco PLC
  11,141   35,265
THG PLC(a)
  3,042   26,267
Travis Perkins PLC(a)
  13,633   317,391
United Utilities Group PLC
  2,304   32,132
Vodafone Group PLC
  30,502   55,486
Weir Group PLC (The)(a)
  6,926   188,545
Whitbread PLC(a)
  2,691   121,407
Wickes Group PLC(a)
  15,132   54,925
WPP PLC
  30,492   421,091
        11,943,661
United States-1.51%
Amcor PLC, CDI
  3,589   42,196
Avast PLC(c)
  7,716   51,528
Bausch Health Cos., Inc.(a)
  7,134   229,375
Ferguson PLC
  2,615   355,344
James Hardie Industries PLC, CDI
  9,099   297,571
JS Global Lifestyle Co. Ltd.(c)
  22,000   64,768
Samsonite International S.A.(a)(c)
  174,003   330,452
  Shares   Value
United States-(continued)
Schneider Electric SE
  518   $82,422
Sims Ltd.
  3,444   42,084
Stellantis N.V.
  17,649   346,265
Swiss Re AG
  2,283   220,881
        2,062,886
TOTAL INVESTMENTS IN SECURITIES

(excluding investments purchased with cash collateral from securities on loan)-99.47%

(Cost $129,779,625)
  135,656,075
Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds-1.72%
Invesco Private Government Fund, 0.01%(d)(e)(f)
  935,824   935,824
Invesco Private Prime Fund, 0.09%(d)(e)(f)
  1,403,175   1,403,737
Total Investments Purchased with Cash Collateral from Securities on Loan

(Cost $2,339,561)
  2,339,561
TOTAL INVESTMENTS IN SECURITIES-101.19%

(Cost $132,119,186)
  137,995,636
OTHER ASSETS LESS LIABILITIES-(1.19)%
  (1,621,794)
NET ASSETS-100.00%
  $136,373,842
 
Investment Abbreviations:
BR-Bearer Shares
CDI-CREST Depository Interest
Pfd.-Preferred
REIT-Real Estate Investment Trust
RSP-Registered Savings Plan Shares
Rts.-Rights
    
Notes to Schedule of Investments:
(a) Non-income producing security.
(b) All or a portion of this security was out on loan at May 31, 2021.
(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 May 31, 2021 was $3,305,365, which represented 2.42% of the Fund’s Net Assets.
(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 May 31, 2021.
    
  Value
August 31, 2020 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation 		  Realized
Gain 		  Value
May 31, 2021 		  Dividend
Income
Investments in Affiliated Money Market Funds:                          
Invesco Government & Agency Portfolio, Institutional Class $-   $18,815,864   $(18,815,864)   $-   $-   $-   $18
Investments Purchased with Cash Collateral from Securities on Loan:                          
Invesco Private Government Fund -   1,893,033   (957,209)   -   -   935,824   4*
Invesco Private Prime Fund -   2,777,035   (1,373,298)   -   -   1,403,737   105*
Total $-   $23,485,932   $(21,146,371)   $-   $-   $2,339,561   $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.
    
See accompanying notes which are an integral part of this schedule.
Invesco International Developed Dynamic Multifactor ETF (IMFL)—(continued)
May 31, 2021
(Unaudited)
(e) The rate shown is the 7-day SEC standardized yield as of May 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 Russell 1000® Dynamic Multifactor ETF (OMFL)
May 31, 2021
(Unaudited)
  Shares   Value
Common Stocks & Other Equity Interests-99.86%
Communication Services-4.28%
Activision Blizzard, Inc.
  25,035   $2,434,654
Alphabet, Inc., Class A(b)
  140   329,959
Alphabet, Inc., Class C(b)
  143   344,853
Altice USA, Inc., Class A(b)
  75,696   2,729,598
Cable One, Inc.
  963   1,748,384
Charter Communications, Inc., Class A(b)
  2,391   1,660,621
Comcast Corp., Class A
  17,316   992,899
Discovery, Inc., Class C(b)
  10,586   318,109
DISH Network Corp., Class A(b)
  31,506   1,371,141
Electronic Arts, Inc.
  18,892   2,700,234
Facebook, Inc., Class A(b)
  1,176   386,586
Fox Corp., Class A
  10,971   409,767
IAC/InterActiveCorp.(b)
  51,195   8,164,067
Interpublic Group of Cos., Inc. (The)
  79,778   2,687,721
Liberty Broadband Corp., Class C(b)
  41,510   6,902,698
Liberty Media Corp.-Liberty SiriusXM, Class C(b)
  10,769   468,559
Live Nation Entertainment, Inc.(b)(c)
  6,671   601,124
Lumen Technologies, Inc.
  60,289   834,400
Madison Square Garden Entertainment Corp.(b)
  3,698   329,973
Match Group, Inc.(b)(c)
  14,456   2,072,701
Netflix, Inc.(b)
  1,027   516,386
New York Times Co. (The), Class A
  34,219   1,465,258
News Corp., Class A
  45,736   1,234,415
Nexstar Media Group, Inc., Class A
  4,767   724,155
Omnicom Group, Inc.
  7,228   594,431
Pinterest, Inc., Class A(b)
  20,798   1,358,109
Roku, Inc.(b)
  8,464   2,934,553
Spotify Technology S.A.(b)
  6,080   1,468,746
Take-Two Interactive Software, Inc.(b)
  15,989   2,966,919
T-Mobile US, Inc.(b)
  6,423   908,533
Twitter, Inc.(b)
  74,360   4,312,880
Verizon Communications, Inc.
  8,464   478,131
ViacomCBS, Inc., Class B
  24,484   1,038,611
Vimeo, Inc.(b)
  82,205   3,452,610
Zillow Group, Inc., Class A(b)(c)
  10,790   1,276,349
Zillow Group, Inc., Class C(b)(c)
  15,749   1,847,673
Zynga, Inc., Class A(b)
  168,698   1,828,686
        65,894,493
Consumer Discretionary-15.67%
Advance Auto Parts, Inc.
  6,468   1,227,174
Amazon.com, Inc.(b)
  276   889,567
Aptiv PLC(b)
  23,424   3,523,438
AutoNation, Inc.(b)
  39,032   3,986,338
AutoZone, Inc.(b)
  919   1,292,665
Best Buy Co., Inc.
  85,449   9,932,592
Booking Holdings, Inc.(b)
  367   866,689
BorgWarner, Inc.
  20,178   1,034,930
Bright Horizons Family Solutions, Inc.(b)
  5,682   785,423
Brunswick Corp.
  22,511   2,301,299
Burlington Stores, Inc.(b)
  6,171   1,995,516
Capri Holdings Ltd.(b)
  15,076   854,960
CarMax, Inc.(b)
  20,588   2,371,532
Carvana Co.(b)(c)
  7,146   1,894,333
Chegg, Inc.(b)
  26,514   2,039,192
Chipotle Mexican Grill, Inc.(b)
  2,394   3,284,520
Choice Hotels International, Inc.(b)
  2,893   349,793
D.R. Horton, Inc.
  104,568   9,964,285
Darden Restaurants, Inc.
  7,868   1,126,934
Dick’s Sporting Goods, Inc.
  47,288   4,611,999
  Shares   Value
Consumer Discretionary-(continued)
Dollar General Corp.
  17,609   $3,573,923
Dollar Tree, Inc.(b)
  16,785   1,636,537
Domino’s Pizza, Inc.
  7,509   3,205,367
eBay, Inc.
  108,148   6,584,050
Etsy, Inc.(b)
  17,180   2,830,061
Expedia Group, Inc.(b)
  24,241   4,289,445
Extended Stay America, Inc.
  20,443   402,931
Five Below, Inc.(b)
  9,588   1,765,343
Floor & Decor Holdings, Inc., Class A(b)
  33,223   3,266,153
Foot Locker, Inc.
  37,532   2,375,400
Ford Motor Co.(b)
  220,000   3,196,600
frontdoor, inc.(b)
  9,720   521,964
Gap, Inc. (The)
  139,900   4,679,655
Garmin Ltd.
  14,197   2,019,381
General Motors Co.(b)
  106,425   6,312,067
Gentex Corp.
  43,716   1,551,918
Genuine Parts Co.
  13,788   1,807,883
Grand Canyon Education, Inc.(b)
  3,481   316,562
Grubhub, Inc.(b)
  25,092   1,508,280
Hanesbrands, Inc.
  93,028   1,817,767
Harley-Davidson, Inc.
  37,270   1,806,477
Hasbro, Inc.
  6,816   654,131
Hilton Worldwide Holdings, Inc.(b)
  5,060   633,866
Home Depot, Inc. (The)
  2,016   642,923
L Brands, Inc.(b)
  175,281   12,246,883
Lear Corp.
  14,539   2,811,261
Leggett & Platt, Inc.
  13,062   718,802
Lennar Corp., Class A
  94,860   9,392,089
Lennar Corp., Class B
  6,404   501,497
LKQ Corp.(b)
  46,194   2,354,046
Lowe’s Cos., Inc.
  13,452   2,620,853
lululemon athletica, inc.(b)
  6,273   2,026,994
Mattel, Inc.(b)
  53,541   1,135,605
McDonald’s Corp.
  2,799   654,658
MGM Resorts International
  20,638   884,751
Mohawk Industries, Inc.(b)
  8,648   1,821,961
Newell Brands, Inc.
  94,002   2,696,917
NIKE, Inc., Class B
  5,855   798,973
NVR, Inc.(b)
  489   2,389,855
Ollie’s Bargain Outlet Holdings, Inc.(b)(c)
  15,515   1,341,117
O’Reilly Automotive, Inc.(b)
  2,781   1,488,169
Peloton Interactive, Inc., Class A(b)
  24,800   2,735,688
Penske Automotive Group, Inc.
  17,152   1,468,040
Polaris, Inc.
  9,882   1,296,716
Pool Corp.
  10,316   4,503,450
PulteGroup, Inc.
  77,936   4,503,921
Qurate Retail, Inc., Class A
  289,799   3,949,960
Ross Stores, Inc.
  8,563   1,082,278
Service Corp. International
  29,650   1,572,043
Starbucks Corp.
  5,931   675,422
Tapestry, Inc.(b)
  17,925   804,653
Target Corp.
  25,313   5,744,026
Tempur Sealy International, Inc.
  56,910   2,191,035
Terminix Global Holdings, Inc.(b)
  39,574   1,952,581
Thor Industries, Inc.
  40,641   4,998,843
TJX Cos., Inc. (The)
  17,229   1,163,647
Toll Brothers, Inc.
  69,842   4,556,492
Tractor Supply Co.
  37,580   6,828,286
Travel + Leisure Co.
  10,584   689,548
Ulta Beauty, Inc.(b)
  7,600   2,624,736
Vail Resorts, Inc.(b)
  3,782   1,236,260
VF Corp.
  4,101   326,932
See accompanying notes which are an integral part of this schedule.
Invesco Russell 1000® Dynamic Multifactor ETF (OMFL)—(continued)
May 31, 2021
(Unaudited)
  Shares   Value
Consumer Discretionary-(continued)
Wayfair, Inc., Class A(b)
  8,601   $2,636,551
Wendy’s Co. (The)
  23,792   552,450
Whirlpool Corp.
  46,557   11,038,199
Williams-Sonoma, Inc.
  55,879   9,473,726
Yum China Holdings, Inc. (China)
  52,486   3,550,153
Yum! Brands, Inc.
  12,335   1,479,830
        241,251,760
Consumer Staples-4.51%
Albertsons Cos., Inc., Class A(c)
  19,800   379,962
Archer-Daniels-Midland Co.
  54,383   3,618,101
Beyond Meat, Inc.(b)(c)
  10,274   1,494,045
Boston Beer Co., Inc. (The), Class A(b)
  2,547   2,695,134
Brown-Forman Corp., Class B
  7,380   593,057
Bunge Ltd.
  8,949   776,952
Campbell Soup Co.
  22,752   1,107,340
Casey’s General Stores, Inc.
  14,373   3,174,133
Church & Dwight Co., Inc.
  27,619   2,367,777
Clorox Co. (The)
  21,531   3,805,174
Colgate-Palmolive Co.
  24,127   2,021,360
Conagra Brands, Inc.
  62,190   2,369,439
Constellation Brands, Inc., Class A
  5,472   1,311,748
Costco Wholesale Corp.
  5,285   1,999,157
Estee Lauder Cos., Inc. (The), Class A
  6,119   1,875,596
Flowers Foods, Inc.
  45,243   1,089,904
General Mills, Inc.
  67,925   4,269,765
Grocery Outlet Holding Corp.(b)(c)
  19,757   673,121
Hain Celestial Group, Inc. (The)(b)
  40,141   1,636,147
Herbalife Nutrition Ltd.(b)(c)
  16,834   884,963
Hershey Co. (The)
  8,753   1,514,707
Hormel Foods Corp.
  23,857   1,158,019
Ingredion, Inc.
  7,933   753,080
JM Smucker Co. (The)
  28,197   3,758,378
Kellogg Co.
  14,216   931,006
Keurig Dr Pepper, Inc.(c)
  13,519   499,662
Kimberly-Clark Corp.
  10,137   1,324,196
Kraft Heinz Co. (The)
  33,772   1,472,121
Kroger Co. (The)
  177,286   6,556,036
Lamb Weston Holdings, Inc.
  3,942   325,176
McCormick & Co., Inc.
  15,799   1,407,059
Molson Coors Beverage Co., Class B(b)
  10,555   615,568
Mondelez International, Inc., Class A
  18,723   1,189,472
Monster Beverage Corp.(b)
  17,948   1,691,958
Nu Skin Enterprises, Inc., Class A
  38,454   2,313,393
PepsiCo, Inc.
  3,111   460,241
Philip Morris International, Inc.
  7,301   704,035
Post Holdings, Inc.(b)
  3,378   390,260
Reynolds Consumer Products, Inc.
  10,164   306,343
Spectrum Brands Holdings, Inc.
  15,894   1,412,818
Sprouts Farmers Market, Inc.(b)
  44,977   1,196,388
Sysco Corp.
  8,998   728,838
US Foods Holding Corp.(b)
  8,440   328,654
Walmart, Inc.
  1,829   259,773
        69,440,056
Energy-0.60%
Antero Midstream Corp.
  45,985   441,456
Baker Hughes Co., Class A
  16,075   392,230
Cabot Oil & Gas Corp.
  92,257   1,513,015
Cheniere Energy, Inc.(b)
  14,535   1,234,021
EQT Corp.(b)
  209,318   4,370,560
Williams Cos., Inc. (The)
  48,187   1,269,246
        9,220,528
  Shares   Value
Financials-11.02%
Affiliated Managers Group, Inc.
  11,679   $1,915,356
Aflac, Inc.
  22,239   1,260,506
AGNC Investment Corp.
  64,964   1,204,433
Alleghany Corp.(b)
  551   394,830
Allstate Corp. (The)
  16,673   2,277,699
Ally Financial, Inc.
  71,762   3,926,099
American Express Co.
  5,039   806,895
American Financial Group, Inc.
  6,284   836,149
American International Group, Inc.
  12,130   640,949
Ameriprise Financial, Inc.
  18,877   4,905,000
Aon PLC, Class A(c)
  3,341   846,509
Apollo Global Management, Inc.
  17,356   995,193
Arch Capital Group Ltd.(b)
  17,004   678,290
Arthur J. Gallagher & Co.
  24,516   3,594,291
Assurant, Inc.
  17,615   2,838,657
Athene Holding Ltd., Class A(b)
  15,894   995,441
AXIS Capital Holdings Ltd.
  9,038   484,798
Bank of New York Mellon Corp. (The)
  8,674   451,742
Bank OZK
  22,012   940,132
Berkshire Hathaway, Inc., Class B(b)
  2,213   640,531
BlackRock, Inc.
  2,682   2,352,221
Brighthouse Financial, Inc.(b)
  8,769   426,700
Brown & Brown, Inc.
  35,725   1,876,277
Capital One Financial Corp.
  9,510   1,529,018
Charles Schwab Corp. (The)
  12,480   921,648
Chubb Ltd.
  8,508   1,446,275
Cincinnati Financial Corp.
  5,289   643,724
Citizens Financial Group, Inc.
  24,563   1,225,694
Comerica, Inc.
  5,824   457,126
Commerce Bancshares, Inc.
  13,743   1,070,305
Cullen/Frost Bankers, Inc.
  4,809   580,494
Discover Financial Services
  18,923   2,218,911
East West Bancorp, Inc.
  17,630   1,318,371
Erie Indemnity Co., Class A(c)
  7,458   1,500,028
Evercore, Inc., Class A
  23,459   3,421,730
Everest Re Group Ltd.
  3,512   912,980
FactSet Research Systems, Inc.
  5,662   1,893,146
Fidelity National Financial, Inc.
  15,402   723,740
Fifth Third Bancorp
  35,793   1,508,317
First American Financial Corp.
  15,111   971,788
First Citizens BancShares, Inc., Class A(c)
  1,524   1,311,554
First Republic Bank
  13,115   2,510,736
Franklin Resources, Inc.(c)
  13,562   463,956
Globe Life, Inc.
  8,635   910,302
Goldman Sachs Group, Inc. (The)
  8,328   3,098,183
Hanover Insurance Group, Inc. (The)
  4,285   597,715
Hartford Financial Services Group, Inc. (The)
  12,513   817,725
Huntington Bancshares, Inc.
  47,270   749,702
Interactive Brokers Group, Inc., Class A
  39,601   2,663,563
Intercontinental Exchange, Inc.
  10,636   1,200,592
Invesco Ltd.(d)
  55,302   1,577,766
Jefferies Financial Group, Inc.
  118,277   3,800,240
Kemper Corp.
  13,670   1,023,473
KeyCorp
  34,947   805,179
KKR & Co., Inc., Class A
  32,087   1,786,925
Lazard Ltd., Class A
  28,110   1,326,230
Lincoln National Corp.
  5,587   389,917
Loews Corp.
  14,367   838,745
LPL Financial Holdings, Inc.
  13,855   2,048,877
M&T Bank Corp.
  2,568   412,652
Markel Corp.(b)
  998   1,223,039
MarketAxess Holdings, Inc.
  4,147   1,934,741
 
See accompanying notes which are an integral part of this schedule.
Invesco Russell 1000® Dynamic Multifactor ETF (OMFL)—(continued)
May 31, 2021
(Unaudited)
  Shares   Value
Financials-(continued)
Marsh & McLennan Cos., Inc.
  7,926   $1,096,562
Mercury General Corp.
  8,645   549,822
MetLife, Inc.
  35,192   2,300,149
MGIC Investment Corp.
  36,502   537,309
Moody’s Corp.
  4,168   1,397,739
Morgan Stanley
  58,056   5,280,193
Morningstar, Inc.
  5,089   1,200,953
MSCI, Inc.
  7,236   3,387,389
Nasdaq, Inc.
  12,611   2,111,838
New York Community Bancorp, Inc.
  27,683   331,365
Northern Trust Corp.
  9,204   1,115,433
Old Republic International Corp.
  30,322   796,256
OneMain Holdings, Inc.
  21,085   1,219,556
Pinnacle Financial Partners, Inc.
  6,447   586,161
PNC Financial Services Group, Inc. (The)
  4,317   840,434
Popular, Inc.
  10,622   866,861
Primerica, Inc.
  6,487   1,052,256
Principal Financial Group, Inc.
  34,145   2,232,742
Progressive Corp. (The)
  87,154   8,635,218
Prosperity Bancshares, Inc.
  4,517   339,904
Prudential Financial, Inc.
  13,721   1,467,735
Raymond James Financial, Inc.
  24,106   3,196,215
Regions Financial Corp.
  85,305   1,996,990
Reinsurance Group of America, Inc.
  2,356   296,927
RenaissanceRe Holdings Ltd. (Bermuda)
  5,423   835,793
Rocket Cos., Inc., Class A(c)
  58,759   1,040,622
S&P Global, Inc.
  4,086   1,550,514
Santander Consumer USA Holdings, Inc.
  17,369   658,285
Signature Bank
  2,640   659,340
SLM Corp.
  202,971   4,110,163
State Street Corp.
  18,222   1,584,950
SVB Financial Group(b)
  16,416   9,568,722
Synchrony Financial
  29,946   1,419,740
Synovus Financial Corp.
  13,864   681,000
T. Rowe Price Group, Inc.
  16,474   3,152,300
Tradeweb Markets, Inc., Class A
  25,625   2,146,862
Travelers Cos., Inc. (The)
  20,600   3,289,820
Truist Financial Corp.
  6,798   419,980
Unum Group
  13,787   426,983
Virtu Financial, Inc., Class A
  19,903   606,046
Voya Financial, Inc.
  15,086   988,435
W.R. Berkley Corp.
  15,202   1,185,604
Western Alliance Bancorporation
  16,754   1,675,568
Willis Towers Watson PLC
  4,811   1,257,403
Zions Bancorporation N.A.
  7,447   431,032
        169,648,974
Health Care-13.23%
10X Genomics, Inc., Class A(b)
  10,032   1,805,760
Abbott Laboratories
  6,868   801,152
AbbVie, Inc.
  8,668   981,218
ABIOMED, Inc.(b)
  11,080   3,153,146
Acadia Healthcare Co., Inc.(b)
  59,378   3,821,568
Acadia Pharmaceuticals, Inc.(b)
  5,415   120,971
Acceleron Pharma, Inc.(b)
  8,592   1,124,607
Adaptive Biotechnologies Corp.(b)(c)
  14,554   550,287
Agilent Technologies, Inc.
  20,089   2,774,894
Alexion Pharmaceuticals, Inc.(b)
  21,810   3,850,555
Align Technology, Inc.(b)
  6,331   3,736,240
Amedisys, Inc.(b)
  10,215   2,639,250
AmerisourceBergen Corp.
  27,650   3,172,561
Amgen, Inc.
  2,057   489,443
Anthem, Inc.
  6,102   2,429,938
  Shares   Value
Health Care-(continued)
Avantor, Inc.(b)
  77,043   $2,476,932
Baxter International, Inc.
  8,734   717,236
Becton, Dickinson and Co.
  1,037   250,840
Biogen, Inc.(b)
  3,110   831,863
Bio-Rad Laboratories, Inc., Class A(b)
  10,754   6,477,887
Bio-Techne Corp.
  6,749   2,792,939
Bristol-Myers Squibb Co.
  6,432   422,711
Bruker Corp.
  7,367   511,564
Cardinal Health, Inc.
  38,013   2,131,389
Catalent, Inc.(b)
  41,479   4,348,244
Centene Corp.(b)
  43,796   3,223,386
Cerner Corp.
  13,691   1,071,321
Change Healthcare, Inc.(b)
  52,383   1,227,857
Charles River Laboratories International, Inc.(b)
  15,774   5,331,454
Chemed Corp.
  2,433   1,195,430
Cigna Corp.
  9,779   2,531,294
Cooper Cos., Inc. (The)
  2,644   1,040,282
CVS Health Corp.
  17,090   1,477,260
Danaher Corp.
  5,009   1,283,005
DaVita, Inc.(b)
  58,379   7,009,567
DENTSPLY SIRONA, Inc.
  7,970   533,352
DexCom, Inc.(b)
  6,687   2,470,111
Edwards Lifesciences Corp.(b)
  9,717   931,860
Elanco Animal Health, Inc.(b)
  19,324   695,278
Eli Lilly and Co.
  5,245   1,047,636
Encompass Health Corp.
  29,116   2,497,862
Envista Holdings Corp.(b)
  32,077   1,399,840
Exact Sciences Corp.(b)
  6,377   704,850
Exelixis, Inc.(b)
  46,489   1,048,327
Gilead Sciences, Inc.
  13,838   914,830
Globus Medical, Inc., Class A(b)
  5,502   396,474
Guardant Health, Inc.(b)
  8,024   995,939
Haemonetics Corp.(b)
  3,347   188,972
HCA Healthcare, Inc.
  11,903   2,556,645
Henry Schein, Inc.(b)
  20,545   1,562,242
Hill-Rom Holdings, Inc.
  3,784   421,084
Hologic, Inc.(b)
  61,581   3,883,298
Horizon Therapeutics PLC(b)
  59,620   5,464,769
Humana, Inc.
  8,759   3,833,814
ICU Medical, Inc.(b)
  2,012   418,617
IDEXX Laboratories, Inc.(b)
  6,560   3,661,202
Illumina, Inc.(b)
  1,051   426,328
Incyte Corp.(b)
  4,210   352,714
Insulet Corp.(b)
  8,343   2,249,857
Intuitive Surgical, Inc.(b)
  1,442   1,214,424
Iovance Biotherapeutics, Inc.(b)(c)
  7,155   132,868
IQVIA Holdings, Inc.(b)
  7,754   1,862,201
Jazz Pharmaceuticals PLC(b)
  5,777   1,029,057
Laboratory Corp. of America Holdings(b)
  19,459   5,341,106
Masimo Corp.(b)
  9,507   2,049,709
McKesson Corp.
  45,488   8,751,436
Medtronic PLC
  3,102   392,682
Mettler-Toledo International, Inc.(b)
  2,452   3,189,929
Moderna, Inc.(b)
  8,011   1,482,115
Molina Healthcare, Inc.(b)
  44,970   11,303,659
Novocure Ltd.(b)(c)
  14,385   2,934,540
Penumbra, Inc.(b)(c)
  7,753   1,931,350
PerkinElmer, Inc.
  18,495   2,683,070
Perrigo Co. PLC
  9,470   436,946
Pfizer, Inc.
  11,895   460,693
PPD, Inc.(b)
  14,092   649,923
 
See accompanying notes which are an integral part of this schedule.
Invesco Russell 1000® Dynamic Multifactor ETF (OMFL)—(continued)
May 31, 2021
(Unaudited)
  Shares   Value
Health Care-(continued)
PRA Health Sciences, Inc.(b)
  7,260   $1,240,879
Premier, Inc., Class A
  8,130   268,290
QIAGEN N.V.(b)(c)
  19,028   939,222
Quest Diagnostics, Inc.
  28,238   3,718,097
Quidel Corp.(b)(c)
  11,110   1,312,202
Regeneron Pharmaceuticals, Inc.(b)
  5,903   2,965,844
Repligen Corp.(b)
  11,705   2,137,450
ResMed, Inc.
  12,426   2,557,892
Royalty Pharma PLC, Class A(c)
  21,730   871,808
Seagen, Inc.(b)
  7,053   1,095,684
STERIS PLC(c)
  13,844   2,642,266
Stryker Corp.
  3,495   892,169
Syneos Health, Inc.(b)
  15,640   1,374,756
Tandem Diabetes Care, Inc.(b)
  13,206   1,127,660
Teladoc Health, Inc.(b)(c)
  9,204   1,385,938
Teleflex, Inc.
  1,797   722,735
Thermo Fisher Scientific, Inc.
  1,947   914,116
United Therapeutics Corp.(b)
  6,810   1,265,979
UnitedHealth Group, Inc.
  1,530   630,238
Universal Health Services, Inc., Class B
  8,365   1,335,305
Veeva Systems, Inc., Class A(b)
  10,611   3,091,409
Vertex Pharmaceuticals, Inc.(b)
  2,091   436,245
Viatris, Inc.
  30,979   472,120
Waters Corp.(b)
  2,989   963,205
West Pharmaceutical Services, Inc.
  12,910   4,486,354
Zimmer Biomet Holdings, Inc.
  6,274   1,056,102
Zoetis, Inc.
  8,706   1,538,176
        203,747,801
Industrials-18.81%
3M Co.
  4,971   1,009,312
A.O. Smith Corp.
  39,130   2,780,969
ADT, Inc.
  34,276   354,414
AECOM(b)
  45,133   2,934,096
AGCO Corp.
  28,758   3,979,244
Air Lease Corp.
  7,776   365,939
Allegion PLC
  4,333   608,700
Allison Transmission Holdings, Inc.
  9,968   421,746
AMERCO
  2,166   1,245,537
AMETEK, Inc.
  16,912   2,284,811
Axon Enterprise, Inc.(b)
  14,459   2,032,791
Booz Allen Hamilton Holding Corp.
  35,840   3,043,891
BWX Technologies, Inc.
  5,773   361,043
C.H. Robinson Worldwide, Inc.
  50,603   4,909,503
CACI International, Inc., Class A(b)
  3,829   976,242
Carlisle Cos., Inc.
  5,238   1,007,372
Carrier Global Corp.
  66,286   3,044,516
Caterpillar, Inc.
  14,943   3,602,458
Cintas Corp.
  6,699   2,368,364
Clean Harbors, Inc.(b)
  3,645   339,350
Copart, Inc.(b)
  16,562   2,136,664
CoreLogic, Inc.
  41,846   3,326,757
CoStar Group, Inc.(b)
  2,521   2,152,934
CSX Corp.
  29,411   2,944,629
Cummins, Inc.
  27,784   7,148,268
Deere & Co.
  16,328   5,896,041
Donaldson Co., Inc.
  10,290   633,761
Dover Corp.
  14,671   2,207,986
Eaton Corp. PLC
  33,054   4,801,094
Emerson Electric Co.
  17,080   1,634,385
Equifax, Inc.
  6,962   1,636,348
Expeditors International of Washington, Inc.
  29,546   3,713,637
Fastenal Co.
  56,540   2,998,882
  Shares   Value
Industrials-(continued)
FedEx Corp.
  23,009   $7,243,463
Fortive Corp.
  23,677   1,717,056
Fortune Brands Home & Security, Inc.
  45,481   4,691,820
FTI Consulting, Inc.(b)
  4,040   555,702
Generac Holdings, Inc.(b)
  17,243   5,668,119
General Dynamics Corp.
  4,470   848,898
General Electric Co.
  54,642   768,267
Graco, Inc.
  35,366   2,677,914
HEICO Corp.
  2,865   402,418
HEICO Corp., Class A
  9,573   1,268,040
Honeywell International, Inc.
  4,884   1,127,764
Howmet Aerospace, Inc.(b)
  43,680   1,549,766
Hubbell, Inc.
  9,918   1,890,768
IAA, Inc.(b)
  31,498   1,794,441
IDEX Corp.
  7,751   1,725,838
IHS Markit Ltd.
  15,499   1,632,200
Illinois Tool Works, Inc.
  7,361   1,705,985
Ingersoll Rand, Inc.(b)
  25,761   1,278,796
ITT, Inc.
  10,566   992,147
J.B. Hunt Transport Services, Inc.
  16,939   2,905,716
Jacobs Engineering Group, Inc.
  29,209   4,150,015
JetBlue Airways Corp.(b)
  17,638   354,524
Johnson Controls International PLC
  51,386   3,419,224
Kansas City Southern
  13,364   3,978,196
Knight-Swift Transportation Holdings, Inc.
  50,316   2,401,583
L3Harris Technologies, Inc.
  4,744   1,034,477
Landstar System, Inc.
  14,970   2,552,385
Leidos Holdings, Inc.
  18,663   1,917,623
Lennox International, Inc.(c)
  7,023   2,457,558
Lincoln Electric Holdings, Inc.
  16,142   2,075,538
Lockheed Martin Corp.
  1,989   760,196
ManpowerGroup, Inc.
  9,557   1,156,301
Masco Corp.
  52,583   3,171,281
Middleby Corp. (The)(b)
  15,813   2,597,760
MSA Safety, Inc.
  5,695   957,102
MSC Industrial Direct Co., Inc., Class A
  19,906   1,879,126
Nordson Corp.
  9,272   2,055,510
Norfolk Southern Corp.
  11,319   3,179,507
Northrop Grumman Corp.
  2,422   886,137
nVent Electric PLC
  13,374   435,190
Old Dominion Freight Line, Inc.
  18,691   4,961,526
Oshkosh Corp.
  6,294   827,283
Otis Worldwide Corp.
  27,071   2,120,471
Owens Corning
  35,096   3,742,988
PACCAR, Inc.
  44,578   4,081,562
Parker-Hannifin Corp.
  15,096   4,651,832
Pentair PLC
  35,673   2,460,367
Quanta Services, Inc.
  104,575   9,971,226
Regal Beloit Corp.
  30,961   4,403,583
Republic Services, Inc.
  16,088   1,756,488
Robert Half International, Inc.
  19,191   1,703,969
Rockwell Automation, Inc.
  9,617   2,536,195
Rollins, Inc.
  39,858   1,358,759
Roper Technologies, Inc.
  4,033   1,814,890
Ryder System, Inc.
  29,155   2,384,587
Schneider National, Inc., Class B
  29,729   728,063
Science Applications International Corp.
  16,999   1,527,530
Sensata Technologies Holding PLC(b)
  10,211   606,840
Snap-on, Inc.
  9,067   2,308,640
Southwest Airlines Co.(b)
  18,380   1,129,635
Stanley Black & Decker, Inc.
  12,129   2,629,567
Stericycle, Inc.(b)
  7,989   627,616
 
See accompanying notes which are an integral part of this schedule.
Invesco Russell 1000® Dynamic Multifactor ETF (OMFL)—(continued)
May 31, 2021
(Unaudited)
  Shares   Value
Industrials-(continued)
Teledyne Technologies, Inc.(b)
  3,510   $1,472,340
Textron, Inc.
  42,200   2,889,434
Timken Co. (The)
  44,831   3,965,302
Toro Co. (The)
  15,933   1,769,997
Trane Technologies PLC
  37,612   7,010,877
TransDigm Group, Inc.(b)
  1,329   862,308
TransUnion
  13,859   1,482,913
Trex Co., Inc.(b)
  33,982   3,310,187
Trinity Industries, Inc.(c)
  24,160   671,165
Union Pacific Corp.
  4,464   1,003,195
United Parcel Service, Inc., Class B
  15,549   3,336,815
United Rentals, Inc.(b)
  33,317   11,126,545
Valmont Industries, Inc.
  6,430   1,594,640
Verisk Analytics, Inc.
  11,789   2,037,493
Vertiv Holdings Co.
  167,023   4,145,511
W.W. Grainger, Inc.
  6,700   3,096,472
Wabtec Corp.
  10,492   868,318
Waste Management, Inc.
  13,683   1,924,924
Watsco, Inc.
  12,375   3,606,075
Woodward, Inc.
  3,386   430,631
XPO Logistics, Inc.(b)
  62,244   9,145,511
Xylem, Inc.
  23,984   2,832,990
        289,683,295
Information Technology-17.62%
Accenture PLC, Class A
  3,326   938,464
Adobe, Inc.(b)
  1,231   621,138
Advanced Micro Devices, Inc.(b)
  16,939   1,356,475
Akamai Technologies, Inc.(b)
  20,703   2,364,490
Alteryx, Inc., Class A(b)
  5,094   396,160
Amdocs Ltd.
  10,381   810,756
Amphenol Corp., Class A
  31,920   2,146,939
Analog Devices, Inc.
  9,926   1,633,820
Anaplan, Inc.(b)
  7,955   409,762
ANSYS, Inc.(b)
  4,676   1,580,207
Apple, Inc.
  14,101   1,757,126
Applied Materials, Inc.
  29,960   4,138,375
Arista Networks, Inc.(b)
  9,379   3,183,045
Arrow Electronics, Inc.(b)
  23,899   2,875,767
Aspen Technology, Inc.(b)
  6,086   830,556
Atlassian Corp. PLC, Class A(b)
  10,928   2,549,284
Autodesk, Inc.(b)
  6,446   1,842,654
Automatic Data Processing, Inc.
  4,067   797,213
Avalara, Inc.(b)
  13,350   1,764,470
Bill.com Holdings, Inc.(b)
  13,518   2,013,101
Black Knight, Inc.(b)
  25,763   1,890,747
Broadcom, Inc.
  2,219   1,048,100
Broadridge Financial Solutions, Inc.
  13,813   2,202,897
Cadence Design Systems, Inc.(b)
  33,890   4,303,691
CDK Global, Inc.
  6,383   334,086
CDW Corp.
  8,749   1,447,260
Ceridian HCM Holding, Inc.(b)
  16,364   1,463,923
Ciena Corp.(b)
  18,889   998,661
Cirrus Logic, Inc.(b)
  5,553   433,523
Citrix Systems, Inc.
  13,221   1,519,886
Cloudflare, Inc., Class A(b)(c)
  14,060   1,153,764
Cognex Corp.
  21,268   1,688,467
Cognizant Technology Solutions Corp., Class A
  42,707   3,056,113
Concentrix Corp.(b)
  13,469   2,056,986
Corning, Inc.
  114,001   4,973,864
Coupa Software, Inc.(b)
  7,382   1,758,392
Cree, Inc.(b)(c)
  17,683   1,768,477
  Shares   Value
Information Technology-(continued)
Crowdstrike Holdings, Inc., Class A(b)
  13,487   $2,996,137
Datadog, Inc., Class A(b)
  19,074   1,736,688
Dell Technologies, Inc., Class C(b)
  164,334   16,209,906
DocuSign, Inc.(b)
  10,106   2,037,572
Dolby Laboratories, Inc., Class A
  17,043   1,662,374
Dropbox, Inc., Class A(b)(c)
  22,637   619,122
Dynatrace, Inc.(b)
  13,905   719,445
Elastic N.V.(b)
  10,315   1,219,336
Enphase Energy, Inc.(b)
  18,462   2,640,989
Entegris, Inc.
  41,661   4,768,101
EPAM Systems, Inc.(b)
  9,974   4,763,582
Everbridge, Inc.(b)(c)
  7,200   846,000
F5 Networks, Inc.(b)
  11,765   2,181,584
Fair Isaac Corp.(b)
  3,719   1,882,037
Fastly, Inc., Class A(b)(c)
  15,936   752,020
Fidelity National Information Services, Inc.
  2,969   442,322
First Solar, Inc.(b)
  19,956   1,518,851
Fiserv, Inc.(b)
  2,818   324,634
Five9, Inc.(b)
  13,405   2,374,025
FleetCor Technologies, Inc.(b)
  1,558   427,578
Fortinet, Inc.(b)
  8,276   1,808,637
Gartner, Inc.(b)
  5,212   1,208,350
Genpact Ltd.
  16,899   772,960
Global Payments, Inc.
  2,884   558,660
Globant S.A.(b)
  11,362   2,475,439
GoDaddy, Inc., Class A(b)
  15,212   1,231,564
Guidewire Software, Inc.(b)
  4,704   459,769
HP, Inc.
  153,995   4,501,274
HubSpot, Inc.(b)
  6,083   3,068,144
International Business Machines Corp.
  6,157   885,007
Intuit, Inc.
  4,102   1,801,147
IPG Photonics Corp.(b)
  7,779   1,627,834
Jabil, Inc.
  26,188   1,478,313
Jack Henry & Associates, Inc.
  6,772   1,043,904
Juniper Networks, Inc.
  27,816   732,395
Keysight Technologies, Inc.(b)
  13,090   1,863,754
KLA Corp.
  14,355   4,548,956
Lam Research Corp.
  7,211   4,686,068
Littelfuse, Inc.
  5,654   1,477,051
Lumentum Holdings, Inc.(b)
  10,824   880,749
Manhattan Associates, Inc.(b)
  9,446   1,284,467
Marvell Technology, Inc.
  132,464   6,398,011
Maxim Integrated Products, Inc.
  35,245   3,595,342
Microchip Technology, Inc.
  16,841   2,643,195
Micron Technology, Inc.(b)
  31,964   2,689,451
Microsoft Corp.
  3,910   976,249
MKS Instruments, Inc.
  8,908   1,676,753
MongoDB, Inc.(b)
  6,666   1,946,072
Monolithic Power Systems, Inc.
  8,767   3,008,133
Motorola Solutions, Inc.
  8,342   1,712,696
NetApp, Inc.
  12,946   1,001,632
NortonLifeLock, Inc.
  224,722   6,215,811
Nuance Communications, Inc.(b)(c)
  71,570   3,786,053
NVIDIA Corp.
  852   553,613
Okta, Inc.(b)(c)
  9,477   2,108,064
ON Semiconductor Corp.(b)
  66,319   2,655,413
Oracle Corp.
  7,122   560,786
PagerDuty, Inc.(b)(c)
  8,605   349,793
Palo Alto Networks, Inc.(b)
  5,733   2,082,512
Paychex, Inc.
  12,668   1,281,242
Paycom Software, Inc.(b)
  4,779   1,575,158
Paylocity Holding Corp.(b)
  7,455   1,266,083
 
See accompanying notes which are an integral part of this schedule.
Invesco Russell 1000® Dynamic Multifactor ETF (OMFL)—(continued)
May 31, 2021
(Unaudited)
  Shares   Value
Information Technology-(continued)
PayPal Holdings, Inc.(b)
  3,335   $867,167
Pegasystems, Inc.
  6,793   802,525
PTC, Inc.(b)
  17,060   2,288,428
Pure Storage, Inc., Class A(b)
  22,400   426,720
Qorvo, Inc.(b)
  16,302   2,978,701
QUALCOMM, Inc.
  12,277   1,651,748
RingCentral, Inc., Class A(b)
  8,359   2,193,987
salesforce.com, inc.(b)
  2,744   653,346
ServiceNow, Inc.(b)
  3,303   1,565,226
Skyworks Solutions, Inc.
  16,683   2,836,110
Slack Technologies, Inc., Class A(b)
  20,071   883,927
Smartsheet, Inc., Class A(b)
  9,602   567,286
SolarEdge Technologies, Inc.(b)
  11,640   3,003,236
Splunk, Inc.(b)
  6,047   732,896
Square, Inc., Class A(b)
  8,718   1,939,929
SS&C Technologies Holdings, Inc.
  25,798   1,905,698
StoneCo Ltd., Class A (Brazil)(b)
  25,052   1,652,680
SYNNEX Corp.
  31,679   4,010,561
Synopsys, Inc.(b)
  15,975   4,063,081
Teradyne, Inc.
  35,279   4,669,176
Texas Instruments, Inc.
  6,627   1,257,937
Trade Desk, Inc. (The), Class A(b)
  2,796   1,644,439
Trimble, Inc.(b)
  57,362   4,462,190
Twilio, Inc., Class A(b)
  6,967   2,340,912
Tyler Technologies, Inc.(b)
  4,781   1,927,508
Ubiquiti, Inc.
  1,323   398,911
Universal Display Corp.
  3,058   660,100
VeriSign, Inc.(b)
  3,964   871,763
VMware, Inc., Class A(b)(c)
  4,206   664,085
Vontier Corp.(b)
  36,303   1,273,509
Western Union Co. (The)
  17,071   417,727
Workday, Inc., Class A(b)
  5,493   1,256,359
Xilinx, Inc.
  19,651   2,495,677
Zebra Technologies Corp., Class A(b)
  9,007   4,476,929
Zendesk, Inc.(b)
  15,279   2,088,028
Zoom Video Communications, Inc., Class A(b)
  2,870   951,491
Zscaler, Inc.(b)(c)
  8,746   1,698,473
        271,285,912
Materials-8.78%
Air Products and Chemicals, Inc.
  6,018   1,803,354
Albemarle Corp.
  43,747   7,309,249
Amcor PLC
  287,434   3,391,721
AptarGroup, Inc.
  11,682   1,720,875
Avery Dennison Corp.
  14,524   3,202,978
Axalta Coating Systems Ltd.(b)
  21,971   712,739
Ball Corp.
  47,702   3,919,196
Berry Global Group, Inc.(b)
  67,377   4,595,785
Celanese Corp.
  19,360   3,203,112
Chemours Co. (The)
  124,348   4,467,824
Corteva, Inc.
  61,307   2,789,468
Crown Holdings, Inc.
  62,334   6,435,362
Dow, Inc.
  43,409   2,970,044
DuPont de Nemours, Inc.
  12,436   1,051,961
Eagle Materials, Inc.
  6,570   964,213
Eastman Chemical Co.
  57,221   7,175,513
Ecolab, Inc.
  4,821   1,036,901
Element Solutions, Inc.
  43,233   1,011,220
FMC Corp.
  16,783   1,958,408
Freeport-McMoRan, Inc.
  197,268   8,427,289
Graphic Packaging Holding Co.
  57,868   1,023,106
Huntsman Corp.
  71,091   2,017,563
International Flavors & Fragrances, Inc.
  6,649   941,964
  Shares   Value
Materials-(continued)
International Paper Co.
  99,337   $6,268,165
Linde PLC (United Kingdom)
  3,653   1,098,092
LyondellBasell Industries N.V., Class A
  15,020   1,691,552
Martin Marietta Materials, Inc.
  3,423   1,244,774
Mosaic Co. (The)
  14,692   530,969
Newmont Corp.
  98,830   7,262,028
Nucor Corp.
  38,713   3,969,631
Olin Corp.
  109,284   5,342,895
Packaging Corp. of America
  26,807   3,984,861
PPG Industries, Inc.
  13,359   2,400,879
Reliance Steel & Aluminum Co.
  16,402   2,756,684
Royal Gold, Inc.
  3,659   452,874
RPM International, Inc.
  27,717   2,592,371
Scotts Miracle-Gro Co. (The)
  24,172   5,254,268
Sealed Air Corp.
  40,775   2,318,467
Sherwin-Williams Co. (The)
  6,901   1,956,641
Silgan Holdings, Inc.
  38,897   1,638,731
Sonoco Products Co.
  14,184   957,704
Southern Copper Corp. (Peru)
  6,078   423,880
Steel Dynamics, Inc.
  66,665   4,161,896
Valvoline, Inc.
  54,670   1,804,110
Vulcan Materials Co.
  6,726   1,233,010
Westlake Chemical Corp.
  8,999   907,729
Westrock Co.
  47,210   2,753,287
        135,135,343
Real Estate-2.62%
Alexandria Real Estate Equities, Inc.
  5,313   947,095
American Campus Communities, Inc.
  7,770   366,433
American Homes 4 Rent, Class A
  29,208   1,111,949
American Tower Corp.
  2,169   554,093
Americold Realty Trust
  16,116   612,730
Apartment Income REIT Corp.
  6,751   314,462
Apartment Investment & Management Co.
  6,795   47,905
AvalonBay Communities, Inc.
  2,270   469,754
Camden Property Trust
  5,553   696,235
CBRE Group, Inc., Class A(b)
  27,858   2,445,375
CoreSite Realty Corp.
  6,826   827,653
Corporate Office Properties Trust
  14,368   396,557
Crown Castle International Corp.
  6,814   1,291,253
CubeSmart
  26,047   1,140,598
CyrusOne, Inc.
  12,951   955,136
Digital Realty Trust, Inc.
  13,589   2,059,549
Duke Realty Corp.
  38,492   1,788,338
Equinix, Inc.
  2,178   1,604,576
Equity Commonwealth
  16,425   450,702
Equity LifeStyle Properties, Inc.
  5,264   373,007
Equity Residential
  4,335   335,746
Essex Property Trust, Inc.
  1,852   546,877
Extra Space Storage, Inc.
  11,623   1,741,242
First Industrial Realty Trust, Inc.
  15,911   805,733
Gaming and Leisure Properties, Inc.
  23,379   1,083,850
Healthcare Trust of America, Inc., Class A
  10,491   287,558
Healthpeak Properties, Inc.
  17,564   586,286
Host Hotels & Resorts, Inc.(b)
  27,602   473,926
Invitation Homes, Inc.
  19,749   716,296
Iron Mountain, Inc.(c)
  17,545   763,909
Jones Lang LaSalle, Inc.(b)
  2,403   486,007
Lamar Advertising Co., Class A
  5,165   541,395
Life Storage, Inc.
  11,167   1,110,447
Medical Properties Trust, Inc.
  32,343   684,701
Mid-America Apartment Communities, Inc.
  6,280   1,009,196
Omega Healthcare Investors, Inc.
  10,055   368,214
 
See accompanying notes which are an integral part of this schedule.
Invesco Russell 1000® Dynamic Multifactor ETF (OMFL)—(continued)
May 31, 2021
(Unaudited)
  Shares   Value
Real Estate-(continued)
Prologis, Inc.
  10,466   $1,233,313
Public Storage
  5,088   1,437,258
Realty Income Corp.
  5,579   381,604
Rexford Industrial Realty, Inc.(c)
  11,177   617,306
SBA Communications Corp., Class A
  5,041   1,502,823
STORE Capital Corp.
  10,144   348,954
Sun Communities, Inc.
  3,330   557,509
UDR, Inc.
  8,141   387,756
Ventas, Inc.
  12,283   681,092
VICI Properties, Inc.(c)
  49,620   1,544,671
Welltower, Inc.
  4,830   361,139
Weyerhaeuser Co.
  20,630   783,115
WP Carey, Inc.
  7,665   578,324
        40,409,647
Utilities-2.72%
AES Corp. (The)
  131,761   3,348,047
Alliant Energy Corp.
  17,741   1,013,898
Ameren Corp.
  24,317   2,047,491
American Electric Power Co., Inc.
  9,153   787,158
American Water Works Co., Inc.
  18,388   2,850,508
Atmos Energy Corp.
  5,240   519,651
CenterPoint Energy, Inc.
  45,696   1,156,109
CMS Energy Corp.
  22,761   1,428,025
Consolidated Edison, Inc.
  12,201   942,405
Dominion Energy, Inc.
  10,360   788,810
DTE Energy Co.
  16,427   2,266,762
Duke Energy Corp.
  20,478   2,052,305
Edison International
  7,842   438,133
Entergy Corp.
  12,330   1,297,856
Essential Utilities, Inc.
  8,959   428,240
Evergy, Inc.
  14,004   868,108
Eversource Energy
  18,326   1,487,888
Exelon Corp.
  45,079   2,033,964
IDACORP, Inc.
  3,089   302,568
MDU Resources Group, Inc.
  18,019   606,520
National Fuel Gas Co.
  8,073   418,908
NextEra Energy, Inc.
  15,745   1,152,849
NiSource, Inc.
  32,648   832,524
NRG Energy, Inc.
  13,913   447,303
OGE Energy Corp.
  8,405   289,972
  Shares   Value
Utilities-(continued)
PG&E Corp.(b)
  83,893   $850,675
Pinnacle West Capital Corp.
  11,409   964,973
PPL Corp.
  25,278   735,843
Public Service Enterprise Group, Inc.
  32,654   2,028,466
Sempra Energy
  5,717   774,596
Southern Co. (The)
  22,516   1,439,223
UGI Corp.
  14,456   665,699
Vistra Corp.
  25,699   415,553
WEC Energy Group, Inc.
  17,764   1,668,217
Xcel Energy, Inc.
  34,702   2,459,678
        41,808,925
Total Common Stocks & Other Equity Interests

(Cost $1,324,720,463)
  1,537,526,734
Money Market Funds-0.06%
Invesco Government & Agency Portfolio, Institutional Class, 0.03%(d)(e)

(Cost $932,356)
  932,356   932,356
TOTAL INVESTMENTS IN SECURITIES

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

(Cost $1,325,652,819)
  1,538,459,090
Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds-2.66%
Invesco Private Government Fund, 0.01%(d)(e)(f)
  15,791,724   15,791,724
Invesco Private Prime Fund, 0.09%(d)(e)(f)
  25,111,991   25,122,036
Total Investments Purchased with Cash Collateral from Securities on Loan

(Cost $40,913,760)
  40,913,760
TOTAL INVESTMENTS IN SECURITIES-102.58%

(Cost $1,366,566,579)
  1,579,372,850
OTHER ASSETS LESS LIABILITIES-(2.58)%
  (39,700,839)
NET ASSETS-100.00%
  $1,539,672,011
 
Investment Abbreviations:
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 May 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 nine months ended May 31, 2021.
    
  Value
August 31, 2020 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation 		  Realized
Gain 		  Value
May 31, 2021 		  Dividend
Income
Invesco Ltd. $2,584,435   $3,761,772   $(7,567,832)   $800,846   $1,998,545   $1,577,766   $57,363
See accompanying notes which are an integral part of this schedule.
Invesco Russell 1000® Dynamic Multifactor ETF (OMFL)—(continued)
May 31, 2021
(Unaudited)
  Value
August 31, 2020 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation 		  Realized
Gain 		  Value
May 31, 2021 		  Dividend
Income
Investments in Affiliated Money Market Funds:                          
Invesco Government & Agency Portfolio, Institutional Class $-   $35,720,001   $(34,787,645)   $-   $-   $932,356   $165
Invesco Premier U.S. Government Money Portfolio, Institutional Class -   4,272,083   (4,272,083)   -   -   -   4
Investments Purchased with Cash Collateral from Securities on Loan:                          
Invesco Private Government Fund 10,933,477   88,224,357   (83,366,110)   -   -   15,791,724   1,363*
Invesco Private Prime Fund 3,647,831   108,425,048   (86,952,207)   -   1,364   25,122,036   9,196*
Total $17,165,743   $240,403,261   $(216,945,877)   $800,846   $1,999,909   $43,423,882   $68,091
    
* 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 May 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 Russell 2000® Dynamic Multifactor ETF (OMFS)
May 31, 2021
(Unaudited)
  Shares   Value
Common Stocks & Other Equity Interests-99.90%
Communication Services-2.94%
Alaska Communications Systems Group, Inc.(b)
  35,229   $116,960
AMC Networks, Inc., Class A(b)(c)
  1,096   58,833
ATN International, Inc.
  392   18,530
Bandwidth, Inc., Class A(b)(c)
  616   72,867
Boingo Wireless, Inc.(b)
  5,188   72,528
Cardlytics, Inc.(b)
  821   87,477
Cincinnati Bell, Inc.(b)
  23,259   358,189
Cogent Communications Holdings, Inc.
  387   29,257
Consolidated Communications Holdings, Inc.(b)
  36,076   337,671
E.W. Scripps Co. (The), Class A
  1,610   34,148
Entravision Communications Corp., Class A
  8,481   39,606
EverQuote, Inc., Class A(b)
  924   29,134
Fluent, Inc.(b)
  9,031   26,100
Gogo, Inc.(b)
  6,540   89,075
Gray Television, Inc.
  2,193   51,009
IDT Corp., Class B(b)
  7,446   214,892
iHeartMedia, Inc., Class A(b)
  1,966   45,631
Iridium Communications, Inc.(b)
  1,162   44,400
Magnite, Inc.(b)(c)
  5,754   170,894
Ooma, Inc.(b)
  1,855   36,006
ORBCOMM, Inc.(b)
  14,753   165,086
QuinStreet, Inc.(b)
  3,451   62,498
Shenandoah Telecommunications Co.
  1,414   70,544
Sinclair Broadcast Group, Inc., Class A
  1,566   52,758
TechTarget, Inc.(b)
  2,609   183,439
TEGNA, Inc.
  2,025   39,265
WideOpenWest, Inc.(b)
  8,737   145,646
Yelp, Inc.(b)
  1,076   43,158
        2,695,601
Consumer Discretionary-22.89%
1-800-Flowers.com, Inc., Class A(b)(c)
  6,219   189,493
Aaron’s Co., Inc. (The)
  5,488   197,403
Abercrombie & Fitch Co., Class A(b)
  9,890   422,303
Academy Sports & Outdoors, Inc.(b)
  1,395   50,959
Acushnet Holdings Corp.
  840   44,688
Adient PLC(b)
  4,349   217,711
Adtalem Global Education, Inc.(b)
  654   23,793
American Axle & Manufacturing Holdings, Inc.(b)
  3,903   43,714
American Eagle Outfitters, Inc.(c)
  5,210   184,590
American Public Education, Inc.(b)
  1,851   51,828
America’s Car-Mart, Inc.(b)
  402   66,085
Asbury Automotive Group, Inc.(b)
  760   150,700
Aspen Group, Inc.(b)
  3,285   19,119
At Home Group, Inc.(b)
  7,628   286,355
Bally’s Corp.(b)
  2,864   166,198
Beazer Homes USA, Inc.(b)
  4,471   106,455
Bed Bath & Beyond, Inc.(b)(c)
  6,933   194,055
Big Lots, Inc.
  7,043   429,200
Biglari Holdings, Inc., Class B(b)
  153   24,506
BJ’s Restaurants, Inc.(b)
  1,940   107,243
Bloomin’ Brands, Inc.(b)
  2,247   66,399
Boot Barn Holdings, Inc.(b)
  923   70,508
Boyd Gaming Corp.(b)
  1,384   89,116
Brinker International, Inc.(b)
  1,987   122,101
Buckle, Inc. (The)
  2,177   91,695
Callaway Golf Co.
  1,581   58,371
Camping World Holdings, Inc., Class A
  7,299   324,003
CarParts.com, Inc.(b)
  6,815   111,357
Carriage Services, Inc.
  2,015   77,295
Carrols Restaurant Group, Inc.(b)
  3,874   22,895
Cavco Industries, Inc.(b)
  298   65,938
  Shares   Value
Consumer Discretionary-(continued)
Century Communities, Inc.(b)
  4,436   $361,002
Cheesecake Factory, Inc. (The)(b)
  1,280   75,290
Children’s Place, Inc. (The)(b)(c)
  401   37,289
Churchill Downs, Inc.
  199   39,706
Chuy’s Holdings, Inc.(b)
  1,197   49,616
Citi Trends, Inc.(b)
  4,879   406,616
Clarus Corp.
  2,280   54,013
Conn’s, Inc.(b)
  1,637   37,962
Container Store Group, Inc. (The)(b)
  11,829   160,401
Cooper Tire & Rubber Co.
  4,939   293,278
Cooper-Standard Holdings, Inc.(b)
  3,340   99,398
Core-Mark Holding Co., Inc.
  6,204   284,515
Cracker Barrel Old Country Store, Inc.
  164   25,866
Crocs, Inc.(b)
  1,471   148,924
Dana, Inc.
  3,345   90,750
Deckers Outdoor Corp.(b)
  199   66,753
Del Taco Restaurants, Inc.
  1,973   20,046
Dine Brands Global, Inc.(b)
  436   41,398
Dorman Products, Inc.(b)
  612   62,657
Duluth Holdings, Inc., Class B(b)
  2,678   43,116
El Pollo Loco Holdings, Inc.(b)
  1,508   25,425
Envela Corp.(b)(c)
  3,762   16,101
Escalade, Inc.
  5,114   125,037
Ethan Allen Interiors, Inc.
  2,668   77,025
Everi Holdings, Inc.(b)
  2,190   45,399
Fiesta Restaurant Group, Inc.(b)
  2,840   38,596
Fossil Group, Inc.(b)
  16,965   239,546
Fox Factory Holding Corp.(b)
  550   85,514
Franchise Group, Inc.
  1,271   46,951
GameStop Corp., Class A(b)
  2,604   578,088
GAN, Ltd. (United Kingdom)(b)
  1,593   27,559
Genesco, Inc.(b)
  499   27,445
Gentherm, Inc.(b)
  1,332   96,610
G-III Apparel Group Ltd.(b)
  971   32,082
Golden Entertainment, Inc.(b)
  1,271   54,195
Goodyear Tire & Rubber Co. (The)(b)
  2,180   43,229
GoPro, Inc., Class A(b)(c)
  20,304   227,811
Green Brick Partners, Inc.(b)
  4,664   108,858
Group 1 Automotive, Inc.
  1,194   190,419
GrowGeneration Corp.(b)(c)
  3,079   136,738
Guess?, Inc.
  1,117   32,806
Hamilton Beach Brands Holding Co., Class A
  1,126   28,375
Haverty Furniture Cos., Inc., (Acquired 06/02/2020 - 05/25/2021; Cost $153,291)(d)
  6,717   308,579
Helen of Troy Ltd.(b)(c)
  164   34,519
Hibbett Sports, Inc.(b)
  5,811   492,540
Hilton Grand Vacations, Inc.(b)
  861   39,374
Hooker Furniture Corp.
  2,899   103,929
Installed Building Products, Inc.
  828   98,201
International Game Technology PLC(b)
  2,060   49,976
iRobot Corp.(b)(c)
  1,961   191,590
Jack in the Box, Inc.
  894   101,558
Johnson Outdoors, Inc., Class A
  542   66,227
KB Home
  1,752   82,011
Kontoor Brands, Inc.
  1,950   124,839
Lakeland Industries, Inc.(b)(c)
  3,566   89,935
Lands’ End, Inc.(b)
  1,745   44,689
Laureate Education, Inc., Class A(b)
  2,041   29,819
La-Z-Boy, Inc.
  3,478   143,398
LCI Industries
  633   94,349
LGI Homes, Inc.(b)
  1,124   203,230
See accompanying notes which are an integral part of this schedule.
Invesco Russell 2000® Dynamic Multifactor ETF (OMFS)—(continued)
May 31, 2021
(Unaudited)
  Shares   Value
Consumer Discretionary-(continued)
Lifetime Brands, Inc.
  7,273   $109,095
Liquidity Services, Inc.(b)
  6,606   157,949
Lithia Motors, Inc., Class A
  326   114,749
Lovesac Co. (The)(b)(c)
  2,423   201,157
Lumber Liquidators Holdings, Inc.(b)
  8,758   199,507
M.D.C. Holdings, Inc.
  1,752   101,528
M/I Homes, Inc.(b)
  2,145   151,265
Malibu Boats, Inc., Class A(b)
  2,708   212,361
MarineMax, Inc.(b)
  12,009   617,623
Marriott Vacations Worldwide Corp.(b)
  177   30,495
MasterCraft Boat Holdings, Inc.(b)
  4,190   116,314
Meritage Homes Corp.(b)
  1,584   170,549
Modine Manufacturing Co.(b)
  19,354   340,437
Monarch Casino & Resort, Inc.(b)
  603   43,030
Motorcar Parts of America, Inc.(b)
  976   22,809
Movado Group, Inc.
  924   25,623
Murphy USA, Inc.
  628   84,661
National Vision Holdings, Inc.(b)
  1,739   86,376
Nautilus, Inc.(b)(c)
  3,634   65,448
Noodles & Co.(b)
  9,926   127,847
ODP Corp. (The)(b)
  5,889   257,585
OneWater Marine, Inc., Class A(b)
  1,497   73,712
Overstock.com, Inc.(b)
  1,738   148,477
Oxford Industries, Inc.
  397   38,013
Papa John’s International, Inc.
  909   85,401
Patrick Industries, Inc.
  2,117   181,427
Penn National Gaming, Inc.(b)
  630   51,641
PetMed Express, Inc.(c)
  2,980   86,122
Purple Innovation, Inc.(b)
  1,327   37,846
RCI Hospitality Holdings, Inc.
  2,944   228,160
Red Rock Resorts, Inc., Class A(b)
  1,800   80,550
Rent-A-Center, Inc.
  4,139   255,832
RH(b)(c)
  89   57,053
Rocky Brands, Inc.
  1,555   90,688
Sally Beauty Holdings, Inc.(b)
  1,415   30,861
Scientific Games Corp.(b)
  1,940   140,728
SeaWorld Entertainment, Inc.(b)
  622   33,855
Shake Shack, Inc., Class A(b)
  606   56,952
Shoe Carnival, Inc.
  1,085   73,248
Shutterstock, Inc.
  1,083   98,282
Signet Jewelers Ltd.(b)
  9,894   599,379
Skyline Champion Corp.(b)
  1,601   81,091
Sleep Number Corp.(b)
  2,269   252,971
Smith & Wesson Brands, Inc.
  13,330   283,396
Sonic Automotive, Inc., Class A
  4,131   199,238
Sonos, Inc.(b)
  3,560   131,720
Sportsman’s Warehouse Holdings, Inc.(b)
  17,557   312,515
Stamps.com, Inc.(b)
  641   120,303
Standard Motor Products, Inc.
  807   36,331
Steven Madden Ltd.
  476   19,706
Stitch Fix, Inc., Class A(b)
  1,787   95,533
Stoneridge, Inc.(b)
  1,339   40,759
Stride, Inc.(b)
  4,504   121,068
Sturm Ruger & Co., Inc.
  2,098   165,616
Superior Group of Cos., Inc.
  5,720   146,032
Taylor Morrison Home Corp., Class A(b)
  3,604   106,750
Tenneco, Inc., Class A(b)
  2,555   40,062
Texas Roadhouse, Inc.(b)
  780   78,554
TopBuild Corp.(b)
  503   99,619
Tri Pointe Homes, Inc.(b)
  5,974   144,093
Tupperware Brands Corp.(b)
  7,891   202,325
Universal Electronics, Inc.(b)
  914   45,755
  Shares   Value
Consumer Discretionary-(continued)
Urban Outfitters, Inc.(b)
  2,162   $84,664
Vista Outdoor, Inc.(b)
  10,667   464,975
Visteon Corp.(b)
  730   89,396
Vivint Smart Home, Inc.(b)
  2,423   33,704
VOXX International Corp.(b)
  7,951   119,583
Waitr Holdings, Inc.(b)(c)
  37,168   75,451
Wingstop, Inc.
  586   83,610
Winmark Corp.
  150   29,373
Winnebago Industries, Inc.
  1,125   83,205
Wolverine World Wide, Inc.
  1,072   39,085
Workhorse Group, Inc.(b)(c)
  3,084   28,897
XPEL, Inc.(b)(e)
  2,677   219,514
YETI Holdings, Inc.(b)
  1,036   90,754
Zumiez, Inc.(b)
  2,036   89,218
        20,996,745
Consumer Staples-4.29%
Alico, Inc.
  626   20,032
Andersons, Inc. (The)
  2,311   71,826
B&G Foods, Inc.(c)
  6,849   209,579
BellRing Brands, Inc., Class A(b)
  2,860   82,025
BJ’s Wholesale Club Holdings, Inc.(b)
  3,889   174,188
Calavo Growers, Inc.
  286   20,363
Cal-Maine Foods, Inc.
  675   23,564
Celsius Holdings, Inc.(b)
  2,006   131,473
Central Garden & Pet Co.(b)(c)
  742   40,758
Central Garden & Pet Co., Class A(b)
  2,853   143,934
Coca-Cola Consolidated, Inc.
  155   62,763
Darling Ingredients, Inc.(b)
  1,255   85,917
Edgewell Personal Care Co.
  2,645   120,030
elf Beauty, Inc.(b)
  4,218   118,104
Fresh Del Monte Produce, Inc.
  676   22,626
Freshpet, Inc.(b)
  501   88,587
Hostess Brands, Inc.(b)(c)
  2,675   41,944
Ingles Markets, Inc., Class A
  1,026   63,550
John B. Sanfilippo & Son, Inc.
  419   39,097
Lancaster Colony Corp.
  115   21,467
Medifast, Inc.
  721   239,552
MGP Ingredients, Inc.
  471   32,824
National Beverage Corp.
  584   29,159
Natural Grocers by Vitamin Cottage, Inc.
  4,473   53,631
Nature’s Sunshine Products, Inc.
  2,732   55,979
NewAge, Inc.(b)
  5,218   12,367
Oil-Dri Corp.of America
  766   27,997
Performance Food Group Co.(b)
  651   32,635
PriceSmart, Inc.
  713   62,958
Primo Water Corp.
  4,711   81,547
Rite Aid Corp.(b)(c)
  2,539   46,388
Sanderson Farms, Inc.
  121   19,693
Seneca Foods Corp., Class A(b)
  1,709   79,024
Simply Good Foods Co. (The)(b)(c)
  884   30,524
SpartanNash Co.
  11,614   243,546
Turning Point Brands, Inc.
  2,000   85,540
United Natural Foods, Inc.(b)
  24,099   914,798
Universal Corp.
  825   46,233
USANA Health Sciences, Inc.(b)
  369   39,018
Vector Group Ltd.
  3,227   44,371
Village Super Market, Inc., Class A
  1,990   47,979
WD-40 Co.
  231   56,549
Weis Markets, Inc.
  1,394   70,927
        3,935,066
 
See accompanying notes which are an integral part of this schedule.
Invesco Russell 2000® Dynamic Multifactor ETF (OMFS)—(continued)
May 31, 2021
(Unaudited)
  Shares   Value
Energy-2.89%
Antero Resources Corp.(b)
  62,018   $800,652
Archrock, Inc.
  4,994   45,945
Aspen Aerogels, Inc.(b)
  3,139   63,659
Bonanza Creek Energy, Inc.(b)
  3,618   155,429
Cactus, Inc., Class A
  710   24,878
Clean Energy Fuels Corp.(b)
  19,394   153,601
CNX Resources Corp.(b)
  10,899   148,444
DHT Holdings, Inc.(c)
  4,910   31,424
DMC Global, Inc.(b)
  952   50,428
Goodrich Petroleum Corp.(b)
  3,189   35,302
Green Plains, Inc.(b)
  2,526   80,554
Liberty Oilfield Services, Inc., Class A(b)
  4,513   67,515
Overseas Shipholding Group, Inc., Class A(b)
  7,662   17,699
PDC Energy, Inc.(b)
  950   40,109
Range Resources Corp.(b)(c)
  15,181   205,854
Renewable Energy Group, Inc.(b)(c)
  4,948   302,174
REX American Resources Corp.(b)
  452   43,406
Southwestern Energy Co.(b)
  62,024   320,664
US Silica Holdings, Inc.(b)
  4,190   42,990
World Fuel Services Corp.
  727   22,341
        2,653,068
Financials-12.55%
Alerus Financial Corp.
  1,864   61,419
Allegiance Bancshares, Inc.
  822   33,340
Altabancorp
  956   43,976
A-Mark Precious Metals, Inc.
  3,324   177,236
American Equity Investment Life Holding Co.
  2,246   68,503
AMERISAFE, Inc.
  742   48,623
Apollo Commercial Real Estate Finance, Inc.
  1,502   23,506
Arbor Realty Trust, Inc.
  2,294   41,843
Ares Commercial Real Estate Corp.
  1,388   21,056
Arrow Financial Corp.
  679   25,191
Artisan Partners Asset Management, Inc., Class A
  2,579   131,735
Atlantic Capital Bancshares, Inc.(b)
  1,711   48,113
Atlantic Union Bankshares Corp.
  735   30,150
Atlanticus Holdings Corp.(b)
  3,319   131,466
Axos Financial, Inc.(b)
  2,384   113,025
B. Riley Financial, Inc.
  2,340   172,318
Banc of California, Inc.
  1,372   24,024
BancFirst Corp.
  377   26,002
Banco Latinoamericano de Comercio Exterior S.A., Class E (Panama)
  1,179   18,003
BancorpSouth Bank
  942   28,806
Bank First Corp.
  366   26,067
Bank of Marin Bancorp
  476   16,046
Bank of NT Butterfield & Son Ltd. (The) (Bermuda)
  1,641   62,588
BankUnited, Inc.
  1,183   56,536
Banner Corp.
  643   37,635
Bar Harbor Bankshares
  1,297   39,481
BGC Partners, Inc., Class A
  4,426   26,113
Bridgewater Bancshares, Inc.(b)
  1,370   23,783
Brightsphere Investment Group, Inc.
  9,198   204,839
Broadmark Realty Capital, Inc.
  2,699   27,773
Brookline Bancorp, Inc.
  1,735   29,252
BRP Group, Inc., Class A(b)
  4,902   120,491
Bryn Mawr Bank Corp.
  733   35,037
Cadence BanCorp
  2,519   56,375
Cambridge Bancorp
  382   32,757
Camden National Corp.
  614   29,239
Cannae Holdings, Inc.(b)
  646   23,159
  Shares   Value
Financials-(continued)
Capitol Federal Financial, Inc.
  2,516   $32,557
Capstead Mortgage Corp., (Acquired 01/05/2021 - 03/24/2021; Cost $19,166)(d)
  3,319   21,408
Cathay General Bancorp
  873   36,387
Century Bancorp, Inc., Class A
  210   23,961
ChoiceOne Financial Services, Inc.
  522   13,442
CIT Group, Inc.
  850   45,033
Citizens, Inc.(b)
  3,452   18,019
City Holding Co.
  451   36,179
CNO Financial Group, Inc.
  5,183   137,660
Coastal Financial Corp.(b)
  1,550   48,205
Cohen & Steers, Inc.
  300   21,939
Columbia Banking System, Inc.
  869   37,506
Community Bank System, Inc.
  413   33,503
Community Trust Bancorp, Inc.
  527   23,283
Cowen, Inc., Class A
  3,752   147,566
Customers Bancorp, Inc.(b)
  941   35,617
CVB Financial Corp.
  1,806   40,057
Diamond Hill Investment Group, Inc.
  526   92,266
Donegal Group, Inc., Class A
  1,957   29,923
Donnelley Financial Solutions, Inc.(b)
  9,089   270,943
Dynex Capital, Inc.
  1,364   26,666
Eagle Bancorp, Inc.
  699   39,941
Eastern Bankshares, Inc.
  2,765   61,936
Ellington Financial, Inc.
  2,156   40,705
Ellington Residential Mortgage REIT
  2,261   27,742
Employers Holdings, Inc.
  1,086   45,829
Encore Capital Group, Inc.(b)
  1,760   81,470
Enova International, Inc.(b)
  2,858   108,232
Enstar Group Ltd.(b)
  172   43,669
Essent Group Ltd.
  431   20,619
EZCORP, Inc., Class A(b)
  3,963   29,128
Farmers National Banc Corp.
  1,438   25,021
FB Financial Corp.
  479   20,046
Federal Agricultural Mortgage Corp., Class C
  382   38,758
Federated Hermes, Inc., Class B
  1,159   36,856
Fidelity D&D Bancorp, Inc.
  265   14,768
First Bancorp
  2,935   37,539
First Bancorp, Inc. (The)
  704   22,176
First Bancorp/Southern Pines NC
  854   37,892
First Bancshares, Inc. (The)
  816   31,865
First Busey Corp.
  1,075   28,799
First Capital, Inc.
  289   12,889
First Commonwealth Financial Corp.
  1,867   28,285
First Financial Bancorp
  987   25,139
First Financial Bankshares, Inc.
  489   24,621
First Financial Corp.
  634   28,771
First Foundation, Inc.
  3,074   77,157
First Internet Bancorp
  922   31,274
First Interstate BancSystem, Inc., Class A
  1,138   53,566
First Merchants Corp.
  816   37,813
First Mid Bancshares, Inc.
  877   38,500
First Savings Financial Group, Inc.
  289   20,820
FirstCash, Inc.
  370   29,496
Focus Financial Partners, Inc., Class A(b)
  1,377   69,800
Fulton Financial Corp.
  1,508   26,134
Genworth Financial, Inc., Class A(b)
  21,140   88,788
German American Bancorp, Inc.
  1,159   48,446
Glacier Bancorp, Inc.
  587   34,193
Goosehead Insurance, Inc., Class A(c)
  816   73,334
Great Southern Bancorp, Inc.
  393   22,201
Green Dot Corp., Class A(b)
  3,293   133,663
 
See accompanying notes which are an integral part of this schedule.
Invesco Russell 2000® Dynamic Multifactor ETF (OMFS)—(continued)
May 31, 2021
(Unaudited)
  Shares   Value
Financials-(continued)
Guaranty Bancshares, Inc.
  643   $24,653
Hamilton Lane, Inc., Class A
  681   61,542
Hannon Armstrong Sustainable Infrastructure Capital, Inc.
  1,408   69,288
HarborOne Bancorp, Inc.
  2,008   29,819
HCI Group, Inc.
  1,053   84,830
Heartland Financial USA, Inc.
  704   35,024
Heritage Financial Corp.
  1,420   41,194
Heritage Insurance Holdings, Inc.
  2,617   21,800
Hilltop Holdings, Inc.
  989   36,741
Hingham Institution for Savings (The)
  180   52,245
Home BancShares, Inc.
  1,960   53,626
HomeStreet, Inc.
  2,202   99,134
Hope Bancorp, Inc.
  1,781   27,249
Horace Mann Educators Corp.
  1,435   57,213
Horizon Bancorp, Inc.
  2,010   37,185
Houlihan Lokey, Inc.
  1,081   80,956
Independent Bank Corp.
  384   31,338
Independent Bank Corp.
  1,041   24,255
Independent Bank Group, Inc.
  802   63,157
International Bancshares Corp.
  604   28,026
Investors Bancorp, Inc.
  2,427   36,114
Investors Title Co.
  237   42,148
James River Group Holdings Ltd.
  3,064   106,995
Kinsale Capital Group, Inc.
  324   53,933
KKR Real Estate Finance Trust, Inc.
  1,373   29,355
Lakeland Bancorp, Inc.
  1,494   28,401
Lakeland Financial Corp.
  1,338   82,568
Live Oak Bancshares, Inc.
  1,024   62,034
Meridian Corp.(c)
  927   25,094
Meta Financial Group, Inc.
  2,537   134,486
Metrocity Bankshares, Inc.
  1,155   19,878
MFA Financial, Inc.
  100,989   441,322
Moelis & Co., Class A
  2,158   115,863
Mr. Cooper Group, Inc.(b)
  10,412   360,151
National Bank Holdings Corp., Class A
  1,138   45,065
Navient Corp.
  3,334   60,912
NBT Bancorp, Inc.
  728   28,385
Nelnet, Inc., Class A
  917   69,252
NI Holdings, Inc.(b)
  1,040   19,822
Nicolet Bankshares, Inc.(b)
  473   37,509
Northeast Bank
  1,110   32,590
Northwest Bancshares, Inc.
  1,580   22,373
OFG Bancorp
  1,112   26,799
Old National Bancorp
  2,054   39,129
Oportun Financial Corp.(b)
  1,286   24,537
Oppenheimer Holdings, Inc., Class A
  2,150   107,435
Orchid Island Capital, Inc.
  9,840   53,825
Pacific Premier Bancorp, Inc.
  878   40,362
Palomar Holdings, Inc.(b)
  840   61,320
Park National Corp.
  474   59,970
PennyMac Financial Services, Inc.
  278   17,406
Peoples Bancorp, Inc.
  834   27,088
Piper Sandler Cos.
  888   113,184
PJT Partners, Inc., Class A
  2,485   180,958
PRA Group, Inc.(b)
  1,520   59,174
PROG Holdings, Inc.
  965   50,875
QCR Holdings, Inc.
  834   39,874
Radian Group, Inc.
  1,114   26,012
Ready Capital Corp.
  2,269   34,534
Red River Bancshares, Inc.
  366   19,987
Regional Management Corp.
  1,170   54,686
  Shares   Value
Financials-(continued)
Renasant Corp.
  1,290   $57,044
RLI Corp.
  386   40,715
Safety Insurance Group, Inc.
  422   35,916
Sandy Spring Bancorp, Inc.
  830   38,562
SB Financial Group, Inc.
  991   19,622
Seacoast Banking Corp. of Florida(b)
  926   34,327
Selective Insurance Group, Inc.
  605   45,538
ServisFirst Bancshares, Inc.
  1,265   87,867
Silvercrest Asset Management Group, Inc., Class A
  1,619   25,774
Silvergate Capital Corp., Class A(b)
  1,817   202,414
Simmons First National Corp., Class A
  1,115   34,007
SiriusPoint Ltd. (Bermuda)(b)
  4,796   50,454
Southside Bancshares, Inc.
  924   39,584
StepStone Group, Inc., Class A
  2,109   66,855
Stewart Information Services Corp.
  2,738   165,238
Stifel Financial Corp.
  1,110   76,901
Stock Yards Bancorp, Inc.
  1,159   62,285
StoneX Group, Inc.(b)
  1,893   128,156
Texas Capital Bancshares, Inc.(b)
  460   31,685
Tompkins Financial Corp.
  294   23,858
Towne Bank
  838   26,841
TriCo Bancshares
  812   38,935
Triumph Bancorp, Inc.(b)
  1,874   156,947
Trupanion, Inc.(b)
  878   79,169
TrustCo Bank Corp.
  493   19,299
Trustmark Corp.
  816   27,377
UMB Financial Corp.
  582   56,285
United Community Banks, Inc.
  972   33,612
Univest Financial Corp.
  936   27,294
Valley National Bancorp
  3,155   45,180
Veritex Holdings, Inc.
  1,058   37,168
Virtus Investment Partners, Inc.
  709   199,392
Walker & Dunlop, Inc.
  1,173   119,106
Washington Trust Bancorp, Inc.
  510   28,045
Waterstone Financial, Inc.
  1,397   27,633
Watford Holdings Ltd., Class A (Bermuda)(b)
  4,881   170,542
WesBanco, Inc.
  731   28,451
West Bancorporation, Inc.
  759   21,191
Westamerica Bancorporation
  473   29,671
WisdomTree Investments, Inc.
  5,789   38,786
World Acceptance Corp.(b)(c)
  949   152,419
WSFS Financial Corp.
  826   43,951
        11,510,283
Health Care-14.31%
Accuray, Inc.(b)
  20,710   88,225
AdaptHealth Corp.(b)(c)
  2,176   56,989
Addus HomeCare Corp.(b)
  430   41,353
Adverum Biotechnologies, Inc.(b)
  2,674   9,252
Affimed N.V. (Germany)(b)
  9,675   85,817
Akero Therapeutics, Inc.(b)
  822   21,520
Albireo Pharma, Inc.(b)(c)
  936   31,309
Allscripts Healthcare Solutions, Inc.(b)
  5,640   98,080
Alphatec Holdings, Inc.(b)
  4,338   62,901
Amicus Therapeutics, Inc.(b)
  1,772   16,409
AMN Healthcare Services, Inc.(b)
  588   52,156
Amphastar Pharmaceuticals, Inc.(b)
  1,609   30,442
AnaptysBio, Inc.(b)
  1,066   25,445
Anavex Life Sciences Corp.(b)(c)
  7,702   95,890
Apellis Pharmaceuticals, Inc.(b)
  615   34,612
Apollo Medical Holdings, Inc.(b)
  1,298   45,274
 
See accompanying notes which are an integral part of this schedule.
Invesco Russell 2000® Dynamic Multifactor ETF (OMFS)—(continued)
May 31, 2021
(Unaudited)
  Shares   Value
Health Care-(continued)
Aratana Therapeutics, Inc., CVR, Rts., expiring 12/31/2021(b)(f)
  540   $135
Arcturus Therapeutics Holdings, Inc.(b)
  1,174   34,304
Arcus Biosciences, Inc.(b)
  2,289   56,813
Arena Pharmaceuticals, Inc.(b)
  1,750   106,943
Aspira Women’s Health, Inc.(b)(c)
  14,555   81,362
Atara Biotherapeutics, Inc.(b)
  933   12,651
Athersys, Inc.(b)
  9,489   15,847
AtriCure, Inc.(b)
  1,536   114,785
Atrion Corp.
  29   18,009
Avanos Medical, Inc.(b)
  1,412   56,621
Avid Bioservices, Inc.(b)
  4,650   98,952
Axonics, Inc.(b)
  1,489   85,900
Beam Therapeutics, Inc.(b)(c)
  298   23,313
BioCryst Pharmaceuticals, Inc.(b)(c)
  5,428   85,600
Biohaven Pharmaceutical Holding Co. Ltd.(b)
  262   22,794
BioLife Solutions, Inc.(b)
  1,640   54,628
Bioxcel Therapeutics, Inc.(b)(c)
  1,359   44,888
Blueprint Medicines Corp.(b)
  172   15,712
Cabaletta Bio, Inc.(b)
  1,165   13,211
CareDx, Inc.(b)
  1,954   157,102
Cassava Sciences, Inc.(b)(c)
  8,654   466,624
Castle Biosciences, Inc.(b)
  1,488   89,176
Catalyst Pharmaceuticals, Inc.(b)
  6,250   34,563
CEL-SCI Corp.(b)(c)
  2,983   64,164
Cerus Corp.(b)
  8,780   50,836
Champions Oncology, Inc.(b)
  2,031   19,112
ChemoCentryx, Inc.(b)
  746   7,572
Codexis, Inc.(b)(c)
  1,553   31,837
Co-Diagnostics, Inc.(b)(c)
  6,317   50,978
Coherus Biosciences, Inc.(b)
  1,946   25,609
Collegium Pharmaceutical, Inc.(b)
  1,434   34,258
Community Health Systems, Inc.(b)
  34,273   489,076
Computer Programs & Systems, Inc.
  1,643   53,184
CONMED Corp.
  215   29,603
Corcept Therapeutics, Inc.(b)
  5,580   120,528
CorVel Corp.(b)
  365   45,479
Covetrus, Inc.(b)
  1,847   51,236
CryoPort, Inc.(b)(c)
  2,406   134,544
Cymabay Therapeutics, Inc.(b)(c)
  2,103   8,896
Cytokinetics, Inc.(b)
  2,514   54,881
CytoSorbents Corp.(b)(c)
  7,469   60,424
Denali Therapeutics, Inc.(b)
  368   23,401
Dicerna Pharmaceuticals, Inc.(b)
  692   22,559
Emergent BioSolutions, Inc.(b)
  813   49,308
Endo International PLC(b)
  7,783   45,686
Ensign Group, Inc. (The)
  1,353   112,570
Evolent Health, Inc., Class A(b)
  3,211   62,390
Fate Therapeutics, Inc.(b)
  904   69,246
Fennec Pharmaceuticals, Inc. (Canada)(b)(c)
  2,209   16,280
Five Star Senior Living, Inc.(b)
  7,283   43,771
Fluidigm Corp.(b)(c)
  7,042   40,844
FONAR Corp.(b)
  1,040   18,824
Frequency Therapeutics, Inc.(b)(c)
  2,541   22,488
Fulgent Genetics, Inc.(b)(c)
  1,863   137,992
Genprex, Inc.(b)(c)
  5,382   20,129
Geron Corp.(b)
  12,015   16,581
Glaukos Corp.(b)
  581   42,750
Halozyme Therapeutics, Inc.(b)
  1,580   65,428
Hanger, Inc.(b)
  1,282   33,114
Harvard Bioscience, Inc.(b)
  9,016   63,112
Heska Corp.(b)
  437   86,592
  Shares   Value
Health Care-(continued)
iBio, Inc.(b)(c)
  21,732   $31,511
iCAD, Inc.(b)
  1,874   30,827
IGM Biosciences, Inc.(b)
  299   22,320
ImmunityBio, Inc.(b)
  2,618   45,946
ImmunoGen, Inc.(b)
  3,633   22,452
Immunovant, Inc.(b)
  531   8,050
InfuSystem Holdings, Inc.(b)
  4,316   79,846
Innoviva, Inc.(b)
  1,827   24,573
Inovalon Holdings, Inc., Class A(b)
  2,025   63,504
Inovio Pharmaceuticals, Inc.(b)(c)
  6,551   49,460
Insmed, Inc.(b)
  1,089   26,789
Inspire Medical Systems, Inc.(b)
  391   75,971
Integer Holdings Corp.(b)
  387   35,012
Intellia Therapeutics, Inc.(b)
  1,934   144,934
Intra-Cellular Therapies, Inc.(b)
  2,420   95,372
Invacare Corp.(b)
  3,554   28,432
Invitae Corp.(b)
  438   12,606
iRhythm Technologies, Inc.(b)
  238   17,960
Ironwood Pharmaceuticals, Inc.(b)
  1,727   19,981
Joint Corp. (The)(b)(c)
  3,319   235,915
Karuna Therapeutics, Inc.(b)(c)
  228   25,495
Keros Therapeutics, Inc.(b)
  243   13,258
Kezar Life Sciences, Inc.(b)
  2,545   14,557
Kiniksa Pharmaceuticals Ltd., Class A(b)(c)
  893   12,172
Kodiak Sciences, Inc.(b)(c)
  232   19,400
Kura Oncology, Inc.(b)
  2,738   60,921
LeMaitre Vascular, Inc.
  927   47,472
LHC Group, Inc.(b)
  274   53,937
Ligand Pharmaceuticals, Inc.(b)
  372   43,784
Luminex Corp.
  1,289   47,551
MacroGenics, Inc.(b)
  2,231   71,816
Madrigal Pharmaceuticals, Inc.(b)
  226   25,380
Magellan Health, Inc.(b)
  1,135   106,906
MannKind Corp.(b)(c)
  18,294   80,860
Marinus Pharmaceuticals, Inc.(b)(c)
  1,934   32,530
Medpace Holdings, Inc.(b)
  431   72,003
MEI Pharma, Inc.(b)
  16,346   47,077
Meridian Bioscience, Inc.(b)
  10,737   222,900
Merit Medical Systems, Inc.(b)
  1,953   117,844
Mersana Therapeutics, Inc.(b)
  3,460   49,547
Mesa Laboratories, Inc.
  166   40,846
Mirati Therapeutics, Inc.(b)
  81   12,810
ModivCare, Inc.(b)
  1,341   197,435
Morphic Holding, Inc.(b)
  1,284   63,378
NanoString Technologies, Inc.(b)
  1,833   101,713
Natera, Inc.(b)
  438   41,233
National HealthCare Corp.
  368   26,941
Neogen Corp.(b)
  382   35,262
NeoGenomics, Inc.(b)
  1,068   43,820
Nevro Corp.(b)
  247   37,223
NextGen Healthcare, Inc.(b)
  2,490   40,886
NGM Biopharmaceuticals, Inc.(b)
  680   10,241
Nkarta, Inc.(b)
  464   11,298
Novavax, Inc.(b)(c)
  234   34,543
Ocular Therapeutix, Inc.(b)(c)
  4,552   66,277
Omnicell, Inc.(b)
  450   62,550
Ontrak, Inc.(b)(c)
  1,086   32,993
OPKO Health, Inc.(b)(c)
  8,535   32,604
OptimizeRx Corp.(b)
  3,661   179,828
OraSure Technologies, Inc.(b)(c)
  8,242   79,206
ORIC Pharmaceuticals, Inc.(b)
  543   12,408
OrthoPediatrics Corp.(b)
  480   27,115
 
See accompanying notes which are an integral part of this schedule.
Invesco Russell 2000® Dynamic Multifactor ETF (OMFS)—(continued)
May 31, 2021
(Unaudited)
  Shares   Value
Health Care-(continued)
Owens & Minor, Inc.
  16,105   $720,055
Pacific Biosciences of California, Inc.(b)
  5,586   151,101
Pacira BioSciences, Inc.(b)
  1,360   82,511
Patterson Cos., Inc.
  1,978   64,364
Pennant Group, Inc. (The)(b)
  1,541   52,810
Personalis, Inc.(b)
  2,835   63,759
PetIQ, Inc.(b)(c)
  1,629   66,952
Phathom Pharmaceuticals, Inc.(b)
  360   12,726
Phibro Animal Health Corp., Class A
  1,035   29,177
Phreesia, Inc.(b)
  1,482   73,359
Prestige Consumer Healthcare, Inc.(b)
  1,178   58,747
Progyny, Inc.(b)
  455   29,138
Protagonist Therapeutics, Inc.(b)
  2,862   100,485
Protara Therapeutics, Inc.(b)
  659   6,247
Provention Bio, Inc.(b)
  2,041   15,532
PTC Therapeutics, Inc.(b)
  441   17,318
Puma Biotechnology, Inc.(b)
  3,152   33,254
Quanterix Corp.(b)
  1,743   89,747
R1 RCM, Inc.(b)
  6,673   154,480
RadNet, Inc.(b)
  2,312   61,199
Replimune Group, Inc.(b)
  1,053   41,035
Retractable Technologies, Inc.(b)(c)
  3,817   34,697
Revance Therapeutics, Inc.(b)(c)
  1,720   50,929
Rigel Pharmaceuticals, Inc.(b)
  7,510   27,937
Rocket Pharmaceuticals, Inc.(b)(c)
  1,098   46,665
Sangamo Therapeutics, Inc.(b)
  2,339   25,214
Scholar Rock Holding Corp.(b)
  1,629   43,771
SeaSpine Holdings Corp.(b)
  1,786   36,399
Select Medical Holdings Corp.
  2,807   112,477
Seres Therapeutics, Inc.(b)(c)
  2,157   45,534
Sharps Compliance Corp.(b)(c)
  6,143   83,668
Shockwave Medical, Inc.(b)
  802   144,280
SI-BONE, Inc.(b)
  1,042   31,437
SIGA Technologies, Inc.(b)
  6,779   47,792
Silk Road Medical, Inc.(b)
  1,101   53,487
Simulations Plus, Inc.(c)
  1,554   82,020
Sorrento Therapeutics, Inc.(b)(c)
  5,564   41,841
Spero Therapeutics, Inc.(b)(c)
  921   13,355
SpringWorks Therapeutics, Inc.(b)(c)
  631   51,452
STAAR Surgical Co.(b)(c)
  1,581   230,873
Stoke Therapeutics, Inc.(b)
  618   24,510
Supernus Pharmaceuticals, Inc.(b)
  1,820   54,327
Surgery Partners, Inc.(b)
  3,236   189,403
SurModics, Inc.(b)
  497   26,366
Sutro Biopharma, Inc.(b)
  2,048   38,113
Syndax Pharmaceuticals, Inc.(b)(c)
  2,513   46,164
TCR2 Therapeutics, Inc.(b)(c)
  1,720   32,938
Tenet Healthcare Corp.(b)
  1,106   74,002
TG Therapeutics, Inc.(b)
  2,028   70,716
Translate Bio, Inc.(b)(c)
  3,427   61,720
Travere Therapeutics, Inc.(b)
  2,507   38,031
Triple-S Management Corp., Class B(b)
  6,303   159,466
Turning Point Therapeutics, Inc.(b)
  379   25,082
Twist Bioscience Corp.(b)
  406   43,568
Ultragenyx Pharmaceutical, Inc.(b)
  245   24,919
US Physical Therapy, Inc.
  361   42,006
Vanda Pharmaceuticals, Inc.(b)
  1,623   28,711
Vapotherm, Inc.(b)(c)
  2,212   43,753
Vaxart, Inc.(b)(c)
  7,245   47,962
VBI Vaccines, Inc.(b)
  17,556   56,706
Veracyte, Inc.(b)
  1,723   67,283
Vericel Corp.(b)
  3,043   171,930
  Shares   Value
Health Care-(continued)
Viemed Healthcare, Inc.(b)
  7,680   $59,981
Vir Biotechnology, Inc.(b)(c)
  878   36,797
Vocera Communications, Inc.(b)
  3,492   117,750
XBiotech, Inc.(b)
  1,065   18,371
Xencor, Inc.(b)
  806   30,999
XOMA Corp.(b)
  818   24,106
Y-mAbs Therapeutics, Inc.(b)(c)
  668   23,934
Zentalis Pharmaceuticals, Inc.(b)
  399   22,284
Zynex, Inc.(b)
  4,277   65,096
        13,133,188
Industrials-19.18%
AAON, Inc.
  735   48,694
ABM Industries, Inc.
  1,978   98,682
Acacia Research Corp.(b)
  5,221   27,932
ACCO Brands Corp.
  5,683   51,772
Advanced Drainage Systems, Inc.
  885   100,377
Aerojet Rocketdyne Holdings, Inc.
  585   28,343
AeroVironment, Inc.(b)
  833   91,322
Air Transport Services Group, Inc.(b)
  4,264   105,918
Alamo Group, Inc.
  501   77,244
Albany International Corp., Class A
  487   43,513
Allegiant Travel Co.(b)
  159   35,212
Allied Motion Technologies, Inc.
  738   26,125
Alpha Pro Tech Ltd.(b)(c)
  5,038   41,513
Altra Industrial Motion Corp.
  1,976   129,803
Ameresco, Inc., Class A(b)
  2,653   142,625
American Superconductor Corp.(b)
  4,721   70,673
American Woodmark Corp.(b)
  630   54,760
API Group Corp.(b)(e)
  10,526   222,625
Apogee Enterprises, Inc.
  1,755   66,708
Applied Industrial Technologies, Inc.
  1,022   100,115
ArcBest Corp.
  5,606   436,371
Arcosa, Inc.
  1,775   112,712
Argan, Inc.
  1,178   57,840
ASGN, Inc.(b)
  700   72,163
Astec Industries, Inc.
  2,353   161,251
Atkore, Inc.(b)
  923   71,256
Atlas Air Worldwide Holdings, Inc.(b)
  4,214   315,755
Avis Budget Group, Inc.(b)
  2,291   201,196
AZZ, Inc.
  961   51,404
Barnes Group, Inc.
  403   21,528
Barrett Business Services, Inc.
  399   29,714
Beacon Roofing Supply, Inc.(b)
  2,800   158,592
Bloom Energy Corp., Class A(b)(c)
  2,529   61,126
Boise Cascade Co.
  3,862   254,853
Brady Corp., Class A
  489   27,985
BrightView Holdings, Inc.(b)
  1,140   19,779
Builders FirstSource, Inc.(b)
  7,797   347,278
Caesarstone Ltd.
  1,422   23,463
CAI International, Inc.
  3,080   132,194
Casella Waste Systems, Inc., Class A(b)
  1,143   77,072
CBIZ, Inc.(b)
  1,327   44,070
CECO Environmental Corp.(b)
  2,987   22,791
Chart Industries, Inc.(b)
  929   135,578
Columbus McKinnon Corp.
  1,268   64,288
Comfort Systems USA, Inc.
  1,280   106,112
Construction Partners, Inc.(b)
  3,781   121,786
Cornerstone Building Brands, Inc.(b)
  4,328   73,403
Covanta Holding Corp.
  2,334   34,567
Covenant Logistics Group, Inc., Class A(b)
  5,611   126,304
CRA International, Inc.
  475   38,883
CSW Industrials, Inc.
  1,034   125,962
 
See accompanying notes which are an integral part of this schedule.
Invesco Russell 2000® Dynamic Multifactor ETF (OMFS)—(continued)
May 31, 2021
(Unaudited)
  Shares   Value
Industrials-(continued)
Daseke, Inc.(b)
  25,946   $187,849
Ducommun, Inc.(b)
  688   36,994
Dycom Industries, Inc.(b)
  3,325   249,109
Echo Global Logistics, Inc.(b)
  8,561   292,444
EMCOR Group, Inc.
  450   56,749
Encore Wire Corp.
  920   75,624
Energy Recovery, Inc.(b)
  2,958   56,232
EnerSys
  615   57,958
Ennis, Inc.
  1,437   30,120
EnPro Industries, Inc.
  1,050   96,589
ESCO Technologies, Inc.
  422   39,938
EVI Industries, Inc.(b)
  671   20,177
Evoqua Water Technologies Corp.(b)
  2,405   74,844
ExOne Co. (The)(b)
  2,043   43,557
Exponent, Inc.
  447   40,780
Federal Signal Corp.
  1,601   68,010
Fluor Corp.(b)(c)
  1,540   28,490
Forrester Research, Inc.(b)
  526   22,571
Forward Air Corp.
  975   94,468
Franklin Electric Co., Inc.
  923   77,430
FuelCell Energy, Inc.(b)(c)
  8,972   88,105
GATX Corp.(c)
  591   58,308
Gibraltar Industries, Inc.(b)
  1,488   118,222
GMS, Inc.(b)
  4,381   200,606
Gorman-Rupp Co. (The)
  681   24,502
GP Strategies Corp.(b)
  1,527   27,013
Granite Construction, Inc.
  1,324   53,437
Great Lakes Dredge & Dock Corp.(b)
  5,393   78,792
Greenbrier Cos., Inc. (The)(c)
  3,414   151,616
Griffon Corp.
  3,305   86,888
H&E Equipment Services, Inc.
  1,748   65,375
Harsco Corp.(b)
  1,793   40,199
Hawaiian Holdings, Inc.(b)
  862   22,240
HC2 Holdings, Inc.(b)(c)
  15,348   61,392
Healthcare Services Group, Inc.
  2,096   62,859
Heartland Express, Inc.
  1,289   23,395
Heidrick & Struggles International, Inc.
  1,100   47,344
Helios Technologies, Inc.
  1,131   80,358
Herc Holdings, Inc.(b)
  1,955   224,864
Herman Miller, Inc.
  867   41,443
Hillenbrand, Inc.
  1,765   80,484
HNI Corp.
  2,399   109,442
Hub Group, Inc., Class A(b)
  1,896   132,360
Hyster-Yale Materials Handling, Inc.
  988   74,683
ICF International, Inc.
  380   33,402
IES Holdings, Inc.(b)
  1,936   102,724
Insperity, Inc.
  586   54,023
Insteel Industries, Inc.
  3,674   128,443
JELD-WEN Holding, Inc.(b)
  2,009   56,272
John Bean Technologies Corp.
  239   34,423
Kadant, Inc.
  807   135,592
Kaman Corp.
  373   20,075
KAR Auction Services, Inc.(b)
  1,820   32,651
KBR, Inc.
  1,054   42,940
Kelly Services, Inc., Class A(b)
  2,896   74,340
Kennametal, Inc.
  852   31,959
Kforce, Inc.
  1,703   106,795
Korn Ferry
  1,054   68,942
Kratos Defense & Security Solutions, Inc.(b)
  1,990   49,770
Lawson Products, Inc.(b)
  305   18,452
Lindsay Corp.
  710   116,887
LSI Industries, Inc.
  10,706   99,566
  Shares   Value
Industrials-(continued)
Luxfer Holdings PLC (United Kingdom)
  1,153   $26,358
Lydall, Inc.(b)
  3,134   114,015
ManTech International Corp., Class A
  596   51,858
Marten Transport Ltd.
  4,990   85,129
Masonite International Corp.(b)
  1,308   156,371
MasTec, Inc.(b)(c)
  419   48,742
Mastech Digital, Inc.(b)(c)
  1,964   30,953
Matson, Inc.
  2,700   174,555
Matthews International Corp., Class A
  902   35,241
Maxar Technologies, Inc.
  11,681   363,279
Mayville Engineering Co., Inc.(b)
  2,455   47,725
McGrath RentCorp
  502   43,036
Meritor, Inc.(b)
  3,843   99,918
Miller Industries, Inc.
  1,291   54,028
Moog, Inc., Class A
  439   39,598
Mueller Industries, Inc.
  2,576   119,604
Mueller Water Products, Inc., Class A
  4,413   63,856
MYR Group, Inc.(b)
  4,425   385,152
National Presto Industries, Inc.
  460   46,653
Navistar International Corp.(b)
  1,760   77,845
NN, Inc.(b)
  2,858   21,464
Northwest Pipe Co.(b)
  931   29,475
NV5 Global, Inc.(b)
  1,631   148,959
Omega Flex, Inc.
  140   20,587
Orion Energy Systems, Inc.(b)
  12,590   80,702
PAE, Inc.(b)
  1,593   12,935
Park-Ohio Holdings Corp.
  685   25,270
PGT Innovations, Inc.(b)
  5,416   130,851
Pitney Bowes, Inc.
  54,424   456,073
Plug Power, Inc.(b)(c)
  728   22,350
Preformed Line Products Co.
  432   32,149
Primoris Services Corp.
  4,702   149,477
Proto Labs, Inc.(b)
  458   40,941
Quanex Building Products Corp.
  3,752   99,916
Radiant Logistics, Inc.(b)
  8,270   63,596
RBC Bearings, Inc.(b)
  196   38,375
Red Violet, Inc.(b)(c)
  665   14,617
Resideo Technologies, Inc.(b)
  9,398   281,000
Resources Connection, Inc.
  1,620   23,620
Rexnord Corp.
  1,288   64,361
Rush Enterprises, Inc., Class A
  3,512   167,874
Saia, Inc.(b)
  656   150,985
Shyft Group, Inc. (The)
  4,916   191,626
Simpson Manufacturing Co., Inc.
  569   63,910
SiteOne Landscape Supply, Inc.(b)
  407   70,020
SPX Corp.(b)
  817   51,169
SPX FLOW, Inc.
  893   61,287
Standex International Corp.
  544   54,204
Steelcase, Inc., Class A
  1,283   18,565
Sterling Construction Co., Inc.(b)
  4,632   104,220
Sunrun, Inc.(b)
  256   11,448
Systemax, Inc.
  1,273   43,689
Tennant Co.
  481   39,798
Terex Corp.
  2,215   116,000
Tetra Tech, Inc.
  412   49,222
Textainer Group Holdings Ltd. (China)(b)
  17,056   574,787
Titan Machinery, Inc.(b)
  6,447   197,794
TPI Composites, Inc.(b)
  4,969   240,003
Transcat, Inc.(b)
  666   35,191
TriMas Corp.(b)
  1,260   40,849
TriNet Group, Inc.(b)
  599   45,129
Triton International Ltd. (Bermuda)
  1,933   104,865
 
See accompanying notes which are an integral part of this schedule.
Invesco Russell 2000® Dynamic Multifactor ETF (OMFS)—(continued)
May 31, 2021
(Unaudited)
  Shares   Value
Industrials-(continued)
TrueBlue, Inc.(b)
  1,549   $42,024
Tutor Perini Corp.(b)
  4,124   63,840
UFP Industries, Inc.
  1,434   114,032
UniFirst Corp.
  179   39,681
Universal Logistics Holdings, Inc.
  1,770   44,250
Upwork, Inc.(b)
  2,170   102,142
US Xpress Enterprises, Inc., Class A(b)
  14,881   167,262
Vectrus, Inc.(b)
  1,123   57,295
Veritiv Corp.(b)
  1,980   121,612
Vicor Corp.(b)
  854   76,928
VSE Corp.
  994   47,285
Wabash National Corp.
  10,073   160,664
Watts Water Technologies, Inc., Class A
  515   69,988
Werner Enterprises, Inc.
  1,953   93,724
WESCO International, Inc.(b)
  1,374   146,427
Willdan Group, Inc.(b)
  1,539   55,958
WillScot Mobile Mini Holdings Corp.(b)
  1,440   41,760
        17,600,489
Information Technology-11.56%
3D Systems Corp.(b)(c)
  1,884   55,408
8x8, Inc.(b)
  1,040   24,492
A10 Networks, Inc.(b)
  3,966   38,589
ACI Worldwide, Inc.(b)
  462   17,676
ADTRAN, Inc.
  5,616   111,253
Advanced Energy Industries, Inc.
  583   59,472
Agilysys, Inc.(b)
  2,051   104,170
Alarm.com Holdings, Inc.(b)
  1,111   90,969
Alpha & Omega Semiconductor Ltd.(b)
  5,163   166,300
Altair Engineering, Inc., Class A(b)
  1,482   99,842
Ambarella, Inc.(b)
  478   47,982
American Software, Inc., Class A
  3,363   67,664
Amkor Technology, Inc.
  1,508   31,819
AppFolio, Inc., Class A(b)
  371   50,044
Appian Corp.(b)(c)
  470   42,526
Arlo Technologies, Inc.(b)
  5,397   36,214
Atomera, Inc.(b)(c)
  3,329   58,424
Avaya Holdings Corp.(b)
  2,520   72,274
Avid Technology, Inc.(b)
  7,424   229,253
Axcelis Technologies, Inc.(b)
  1,617   67,008
AXT, Inc.(b)
  12,285   125,061
Badger Meter, Inc.
  809   77,316
Benchmark Electronics, Inc.
  993   30,733
Blackline, Inc.(b)(c)
  381   39,613
BM Technologies, Inc.(b)(f)
  1,417   18,208
Bottomline Technologies (DE), Inc.(b)
  404   15,102
Box, Inc., Class A(b)
  1,117   26,037
Brightcove, Inc.(b)
  5,469   79,301
Brooks Automation, Inc.
  815   83,203
Calix, Inc.(b)
  5,846   259,036
Cambium Networks Corp.(b)
  1,169   67,463
Cerence, Inc.(b)(c)
  1,274   121,196
CEVA, Inc.(b)
  2,251   101,002
ChannelAdvisor Corp.(b)
  6,308   149,689
Clearfield, Inc.(b)
  3,260   123,293
CMC Materials, Inc.
  198   30,557
Cognyte Software Ltd. (Israel)(b)
  685   17,632
Cohu, Inc.(b)
  2,163   80,507
CommVault Systems, Inc.(b)
  817   62,231
CSG Systems International, Inc.
  728   32,061
CTS Corp.
  1,969   75,314
CyberOptics Corp.(b)
  1,736   51,733
Diebold Nixdorf, Inc.(b)
  2,173   29,422
  Shares   Value
Information Technology-(continued)
Digi International, Inc.(b)
  1,745   $33,085
Digimarc Corp.(b)
  410   14,256
Digital Turbine, Inc.(b)
  2,082   137,766
Diodes, Inc.(b)
  693   52,439
Domo, Inc., Class B(b)
  1,456   96,824
DSP Group, Inc.(b)
  1,708   26,850
DZS, Inc.(b)
  2,635   43,609
Eastman Kodak Co.(b)(c)
  9,159   65,212
Ebix, Inc.
  1,266   34,688
eGain Corp.(b)
  3,810   38,252
Envestnet, Inc.(b)
  311   22,383
ePlus, Inc.(b)
  485   45,866
EVERTEC, Inc.
  1,136   49,450
Evo Payments, Inc., Class A(b)
  1,194   34,196
ExlService Holdings, Inc.(b)
  661   67,409
Fabrinet (Thailand)(b)
  897   80,452
FARO Technologies, Inc.(b)
  1,117   84,501
FormFactor, Inc.(b)
  2,290   80,723
Genasys, Inc.(b)
  12,348   67,297
Hackett Group, Inc. (The)
  2,104   37,472
Harmonic, Inc.(b)
  2,885   20,108
I3 Verticals, Inc., Class A(b)
  530   16,467
Ichor Holdings Ltd.(b)
  908   51,084
II-VI, Inc.(b)(c)
  896   60,364
Impinj, Inc.(b)(c)
  1,193   62,096
Information Services Group, Inc.(b)
  9,179   53,789
Inseego Corp.(b)(c)
  4,213   36,232
Insight Enterprises, Inc.(b)
  1,111   116,077
Intellicheck, Inc.(b)(c)
  3,398   25,485
InterDigital, Inc.
  923   74,560
International Money Express, Inc.(b)
  5,329   81,374
Itron, Inc.(b)
  381   36,328
J2 Global, Inc.(b)
  249   31,008
Kimball Electronics, Inc.(b)
  2,499   55,928
Knowles Corp.(b)
  1,206   24,771
Lattice Semiconductor Corp.(b)
  1,734   92,023
Limelight Networks, Inc.(b)(c)
  7,219   22,379
LivePerson, Inc.(b)
  739   40,608
LiveRamp Holdings, Inc.(b)
  497   24,969
Luna Innovations, Inc.(b)
  3,324   33,739
MACOM Technology Solutions Holdings, Inc.(b)
  1,577   93,358
Maximus, Inc.
  425   39,385
MaxLinear, Inc.(b)
  2,438   92,693
Methode Electronics, Inc.
  1,339   64,781
MicroStrategy, Inc., Class A(b)
  303   142,410
Mimecast Ltd.(b)
  469   23,445
Mitek Systems, Inc.(b)
  8,151   138,241
Model N, Inc.(b)
  645   23,007
MoneyGram International, Inc.(b)
  35,586   348,743
Napco Security Technologies, Inc.(b)
  613   19,947
NeoPhotonics Corp.(b)
  2,977   30,395
NETGEAR, Inc.(b)
  3,569   138,763
NetScout Systems, Inc.(b)
  1,639   48,187
nLight, Inc.(b)
  3,364   98,633
Novanta, Inc.(b)
  378   52,531
OneSpan, Inc.(b)
  1,879   49,136
Onto Innovation, Inc.(b)
  1,057   75,861
OSI Systems, Inc.(b)
  354   34,111
PAR Technology Corp.(b)(c)
  1,942   130,036
PC Connection, Inc.
  455   22,199
PDF Solutions, Inc.(b)
  2,634   45,937
Perficient, Inc.(b)
  1,044   74,740
 
See accompanying notes which are an integral part of this schedule.
Invesco Russell 2000® Dynamic Multifactor ETF (OMFS)—(continued)
May 31, 2021
(Unaudited)
  Shares   Value
Information Technology-(continued)
PFSweb, Inc.(b)
  10,416   $78,433
Photronics, Inc.(b)
  1,286   17,412
Plexus Corp.(b)
  797   78,752
Power Integrations, Inc.
  1,034   84,984
Powerfleet, Inc.(b)
  2,726   18,373
Progress Software Corp.
  872   38,865
Q2 Holdings, Inc.(b)
  262   24,872
QAD, Inc., Class A
  375   26,798
Qualys, Inc.(b)(c)
  285   27,554
Rambus, Inc.(b)
  3,192   62,436
Rapid7, Inc.(b)
  496   41,490
Repay Holdings Corp.(b)(c)
  2,687   61,022
Ribbon Communications, Inc.(b)
  8,823   65,643
Rogers Corp.(b)
  375   70,256
SailPoint Technologies Holding, Inc.(b)
  1,733   80,637
Sanmina Corp.(b)
  2,171   91,421
Sapiens International Corp. N.V. (Israel)
  1,591   45,678
ScanSource, Inc.(b)
  673   20,547
Semtech Corp.(b)
  730   45,990
ShotSpotter, Inc.(b)
  944   38,430
Silicon Laboratories, Inc.(b)
  149   20,347
SiTime Corp.(b)
  910   89,480
SMART Global Holdings, Inc.(b)
  618   29,293
Smith Micro Software, Inc.(b)
  6,925   37,326
Sprout Social, Inc., Class A(b)
  1,482   102,880
SPS Commerce, Inc.(b)
  872   81,846
StarTek, Inc.(b)
  2,270   14,369
SunPower Corp.(b)(c)
  2,032   47,528
Super Micro Computer, Inc.(b)
  4,196   145,769
SVMK, Inc.(b)
  1,545   30,050
Sykes Enterprises, Inc.(b)
  1,748   73,276
Synaptics, Inc.(b)
  990   125,067
Tenable Holdings, Inc.(b)
  1,152   48,154
TTEC Holdings, Inc.
  869   94,208
TTM Technologies, Inc.(b)
  3,444   52,177
Tucows, Inc., Class A(b)
  1,030   80,443
Turtle Beach Corp.(b)
  8,846   292,803
Ultra Clean Holdings, Inc.(b)
  3,215   181,101
Unisys Corp.(b)
  10,773   276,974
Upland Software, Inc.(b)
  1,059   43,408
Varonis Systems, Inc.(b)
  1,578   76,217
Veeco Instruments, Inc.(b)
  1,874   44,639
Verint Systems, Inc.(b)(c)
  613   28,265
Veritone, Inc.(b)
  2,566   49,190
Verra Mobility Corp.(b)
  1,634   23,285
Viavi Solutions, Inc.(b)
  1,596   27,978
VirnetX Holding Corp.(b)
  7,932   36,329
Vishay Intertechnology, Inc.
  1,801   43,350
Vishay Precision Group, Inc.(b)
  706   23,016
Vonage Holdings Corp.(b)
  8,625   118,853
Workiva, Inc.(b)
  1,228   116,537
Xperi Holding Corp.
  2,077   44,489
Yext, Inc.(b)
  2,202   31,863
Zix Corp.(b)
  3,837   26,744
        10,602,594
Materials-5.26%
AdvanSix, Inc.(b)
  2,240   70,918
Alcoa Corp.(b)
  1,326   52,602
Allegheny Technologies, Inc.(b)
  1,710   41,878
American Vanguard Corp.
  1,134   20,854
Arconic Corp.(b)
  2,771   100,227
Avient Corp.
  1,132   58,841
  Shares   Value
Materials-(continued)
Balchem Corp.
  318   $41,658
Caledonia Mining Corp. PLC (South Africa)(c)
  7,961   117,186
Century Aluminum Co.(b)
  6,376   86,777
Chase Corp.
  192   20,352
Clearwater Paper Corp.(b)
  8,701   248,240
Cleveland-Cliffs, Inc.(b)(c)
  5,012   100,841
Coeur Mining, Inc.(b)
  3,469   36,078
Commercial Metals Co.
  3,977   125,156
Compass Minerals International, Inc.
  1,047   73,185
Domtar Corp.(b)
  1,214   65,835
Ferro Corp.(b)
  2,857   61,711
Forterra, Inc.(b)
  4,774   111,616
FutureFuel Corp.
  5,662   58,149
GCP Applied Technologies, Inc.(b)
  1,508   36,765
Glatfelter Corp.
  2,274   33,564
Greif, Inc., Class A
  1,125   69,424
H.B. Fuller Co.
  1,147   79,281
Hawkins, Inc.
  3,346   113,831
Hecla Mining Co.
  24,219   217,971
Ingevity Corp.(b)
  268   22,059
Innospec, Inc.
  327   33,063
Kaiser Aluminum Corp.
  267   34,547
Koppers Holdings, Inc.(b)
  753   26,107
Kraton Corp.(b)
  3,944   133,899
Livent Corp.(b)(c)
  9,639   188,057
Louisiana-Pacific Corp.
  1,506   101,218
Materion Corp.
  1,215   95,803
Minerals Technologies, Inc.
  1,098   95,526
Myers Industries, Inc.
  3,812   83,978
Neenah, Inc.
  290   15,350
Novagold Resources, Inc. (Canada)(b)
  4,269   43,800
O-I Glass, Inc.(b)
  7,498   138,188
Olympic Steel, Inc.
  982   35,107
Orion Engineered Carbons S.A. (Germany)(b)
  2,090   42,302
Pactiv Evergreen, Inc.
  1,215   18,031
Quaker Chemical Corp.
  231   56,029
Ranpak Holdings Corp.(b)
  4,039   89,181
Rayonier Advanced Materials, Inc.(b)
  19,663   151,798
Ryerson Holding Corp.(b)
  2,067   34,230
Schnitzer Steel Industries, Inc., Class A
  5,110   278,393
Schweitzer-Mauduit International, Inc., Class A
  1,177   48,151
Sensient Technologies Corp.
  705   61,159
Stepan Co.
  807   108,671
Summit Materials, Inc., Class A(b)
  1,112   38,720
SunCoke Energy, Inc.
  5,708   42,981
Trecora Resources(b)
  2,714   22,228
Tredegar Corp.
  1,590   24,232
Trinseo S.A.
  3,468   225,212
Tronox Holdings PLC, Class A
  4,504   105,754
UFP Technologies, Inc.(b)
  503   27,383
United States Lime & Minerals, Inc.
  163   22,681
United States Steel Corp.(c)
  3,522   91,325
US Concrete, Inc.(b)
  1,270   72,377
Verso Corp., Class A
  2,425   41,249
Warrior Met Coal, Inc.
  2,698   49,373
Worthington Industries, Inc.
  1,288   85,485
        4,826,587
Real Estate-2.99%
Agree Realty Corp.
  366   25,722
Alexander & Baldwin, Inc.
  1,101   21,150
Alexander’s, Inc.
  65   17,625
Bluerock Residential Growth REIT, Inc.(c)
  1,934   18,779
 
See accompanying notes which are an integral part of this schedule.
Invesco Russell 2000® Dynamic Multifactor ETF (OMFS)—(continued)
May 31, 2021
(Unaudited)
  Shares   Value
Real Estate-(continued)
Broadstone Net Lease, Inc.
  5,185   $113,240
CareTrust REIT, Inc.
  1,957   45,559
Centerspace
  839   59,728
Community Healthcare Trust, Inc.
  902   42,647
CTO Realty Growth, Inc.
  740   39,087
DiamondRock Hospitality Co.(b)
  1,941   18,789
Easterly Government Properties, Inc.
  1,650   34,205
EastGroup Properties, Inc.
  160   25,293
Essential Properties Realty Trust, Inc.
  889   22,758
eXp World Holdings, Inc.(b)
  1,518   48,971
Farmland Partners, Inc.
  4,923   61,193
Four Corners Property Trust, Inc.
  1,711   47,497
FRP Holdings, Inc.(b)
  391   22,416
GEO Group, Inc. (The)(c)
  2,180   11,314
Getty Realty Corp.
  936   29,138
Gladstone Commercial Corp.
  1,338   28,994
Gladstone Land Corp.(c)
  2,746   63,515
Global Medical REIT, Inc.
  3,362   48,413
Global Net Lease, Inc.
  2,019   39,451
Healthcare Realty Trust, Inc.
  735   22,300
Independence Realty Trust, Inc.
  3,116   53,221
Indus Realty Trust, Inc.
  632   41,624
Industrial Logistics Properties Trust
  2,742   68,715
Innovative Industrial Properties, Inc.(c)
  708   127,603
iStar, Inc.
  6,448   108,391
Kite Realty Group Trust
  1,551   32,881
Lexington Realty Trust(c)
  4,076   50,461
LTC Properties, Inc.
  834   32,676
Marcus & Millichap, Inc.(b)
  630   24,759
Monmouth Real Estate Investment Corp.
  2,514   47,364
National Health Investors, Inc.
  304   20,037
National Storage Affiliates Trust
  1,309   60,345
NexPoint Residential Trust, Inc.
  1,062   55,054
Office Properties Income Trust
  1,327   38,788
Physicians Realty Trust
  1,602   29,044
Piedmont Office Realty Trust, Inc., Class A
  1,330   24,592
PotlatchDeltic Corp.
  811   48,822
QTS Realty Trust, Inc., Class A(c)
  731   46,331
Rafael Holdings, Inc., Class B(b)
  739   38,206
RE/MAX Holdings, Inc., Class A
  733   25,662
Realogy Holdings Corp.(b)
  12,391   219,445
Redfin Corp.(b)(c)
  1,436   84,767
Retail Opportunity Investments Corp.
  1,481   26,451
RLJ Lodging Trust
  1,306   20,073
Sabra Health Care REIT, Inc.
  1,180   20,615
Safehold, Inc.
  422   29,582
SITE Centers Corp.
  1,597   23,907
St. Joe Co. (The)
  1,966   91,950
STAG Industrial, Inc.
  723   25,818
Summit Hotel Properties, Inc.(b)
  1,870   17,971
Sunstone Hotel Investors, Inc.(b)
  1,803   22,646
Tanger Factory Outlet Centers, Inc.(c)
  1,735   30,415
Terreno Realty Corp.
  591   37,599
UMH Properties, Inc.
  1,826   38,729
Uniti Group, Inc.
  11,598   125,954
Urban Edge Properties
  1,259   24,362
Washington REIT
  1,033   24,430
        2,747,074
  Shares   Value
Utilities-1.04%
American States Water Co.
  271   $21,509
Artesian Resources Corp., Class A
  756   31,177
Avista Corp.
  659   29,872
Black Hills Corp.
  296   19,474
Brookfield Infrastructure Corp., Class A (Canada)
  832   59,555
California Water Service Group
  683   38,822
Chesapeake Utilities Corp.
  575   65,872
Clearway Energy, Inc., Class A
  4,666   117,257
Clearway Energy, Inc., Class C
  3,806   102,115
Genie Energy Ltd., Class B
  2,723   16,610
MGE Energy, Inc.
  374   28,057
Middlesex Water Co.
  826   71,003
New Jersey Resources Corp.
  619   26,444
NorthWestern Corp.
  417   26,417
ONE Gas, Inc.
  235   17,465
Ormat Technologies, Inc.(c)
  255   17,608
Otter Tail Corp.
  642   30,797
PNM Resources, Inc.
  659   32,370
Portland General Electric Co.
  415   19,895
SJW Group
  451   29,067
Southwest Gas Holdings, Inc.
  506   33,401
Spark Energy, Inc., Class A
  3,147   32,697
Spire, Inc.
  256   18,345
Sunnova Energy International, Inc.(b)
  940   27,448
York Water Co. (The)
  714   35,936
        949,213
Total Common Stocks & Other Equity Interests

(Cost $82,215,640)
  91,649,908
Money Market Funds-0.01%
Invesco Government & Agency Portfolio, Institutional Class, 0.03%(g)(h)

(Cost $11,672)
  11,672   11,672
TOTAL INVESTMENTS IN SECURITIES

(excluding investments purchased with cash collateral from securities on loan)-99.91%

(Cost $82,227,312)
  91,661,580
Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds-8.01%
Invesco Private Government Fund, 0.01%(g)(h)(i)
  2,911,841   2,911,841
Invesco Private Prime Fund, 0.09%(g)(h)(i)
  4,437,510   4,439,285
Total Investments Purchased with Cash Collateral from Securities on Loan

(Cost $7,351,126)
  7,351,126
TOTAL INVESTMENTS IN SECURITIES-107.92%

(Cost $89,578,438)
  99,012,706
OTHER ASSETS LESS LIABILITIES-(7.92)%
  (7,264,429)
NET ASSETS-100.00%
  $91,748,277
 
See accompanying notes which are an integral part of this schedule.
Invesco Russell 2000® Dynamic Multifactor ETF (OMFS)—(continued)
May 31, 2021
(Unaudited)
Investment Abbreviations:
CVR -Contingent Value Rights
REIT -Real Estate Investment Trust
Rts. -Rights
    
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 May 31, 2021.
(d) Restricted security. The aggregate value of these securities at May 31, 2021 was $329,987, which represented less than 1% of the Fund’s Net Assets.
(e) 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 May 31, 2021 was $442,139, which represented less than 1% of the Fund’s Net Assets.
(f) Security valued using significant unobservable inputs (Level 3). See Note 1.
(g) 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 May 31, 2021.
    
  Value
August 31, 2020 		  Purchases
at Cost 		  Proceeds
from Sales 		  Change in
Unrealized
Appreciation 		  Realized
Gain
(Loss) 		  Value
May 31, 2021 		  Dividend
Income
Invesco Mortgage Capital, Inc. $153,018   $149,148   $(330,901)   $33,781   $(5,046)   $-   $2,550
Investments in Affiliated Money Market Funds:                          
Invesco Government & Agency Portfolio, Institutional Class -   1,786,264   (1,774,592)   -   -   11,672   9
Invesco Premier U.S. Government Money Portfolio, Institutional Class -   77,818   (77,818)   -   -   -   -
Investments Purchased with Cash Collateral from Securities on Loan:                          
Invesco Private Government Fund 2,107,189   13,782,146   (12,977,494)   -   -   2,911,841   264*
Invesco Private Prime Fund 702,405   15,811,899   (12,075,282)   -   263   4,439,285   1,835*
Total $2,962,612   $31,607,275   $(27,236,087)   $33,781   $(4,783)   $7,362,798   $4,658
    
* Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from borrowers, if any.
    
(h) The rate shown is the 7-day SEC standardized yield as of May 31, 2021.
(i) The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return of the securities loaned.  
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Notes to Quarterly Schedules of Portfolio Holdings
May 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.
The following is a summary of the tiered valuation input levels, as of May 31, 2021. 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 International Developed Dynamic Multifactor ETF              
Investments in Securities              
Common Stocks & Other Equity Interests $135,655,958   $117   $-   $135,656,075
Money Market Funds -   2,339,561   -   2,339,561
Total Investments $135,655,958   $2,339,678   $-   $137,995,636
Invesco Russell 1000® Dynamic Multifactor ETF              
Investments in Securities              
Common Stocks & Other Equity Interests $1,537,526,734   $-   $-   $1,537,526,734
Money Market Funds 932,356   40,913,760   -   41,846,116
Total Investments $1,538,459,090   $40,913,760   $-   $1,579,372,850
Invesco Russell 2000® Dynamic Multifactor ETF              
Investments in Securities              
Common Stocks & Other Equity Interests $91,631,565   $-   $18,343   $91,649,908
Money Market Funds 11,672   7,351,126   -   7,362,798
Total Investments $91,643,237   $7,351,126   $18,343   $99,012,706