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Invesco Semi-Annual Report to Shareholders

 

February 28, 2022

    

IMFL  Invesco International Developed Dynamic Multifactor ETF

 

OMFL  Invesco Russell 1000® Dynamic Multifactor ETF

 

OMFS  Invesco Russell 2000® Dynamic Multifactor ETF


 

Table of Contents

 

Schedules of Investments   

Invesco International Developed Dynamic Multifactor ETF (IMFL)

     3  

Invesco Russell 1000® Dynamic Multifactor ETF (OMFL)

     8  

Invesco Russell 2000® Dynamic Multifactor ETF (OMFS)

     11  
Statements of Assets and Liabilities      18  
Statements of Operations      19  
Statements of Changes in Net Assets      20  
Financial Highlights      21  
Notes to Financial Statements      24  
Fund Expenses      33  

 

    2    

 

 

 

 


 

Invesco International Developed Dynamic Multifactor ETF (IMFL)

February 28, 2022

(Unaudited)

Schedule of Investments

 

       Shares        Value  

Common Stocks & Other Equity Interests-99.73%

 

Australia-11.91%

 

Alumina Ltd.

     43,646      $          62,552  

Ansell Ltd.

     2,280        42,520  

ASX Ltd.

     6,836        408,402  

Aurizon Holdings Ltd.

     42,156        107,067  

BHP Group Ltd.

     93,618        3,169,796  

Brambles Ltd.

     41,280        296,553  

Charter Hall Group

     5,896        71,749  

Cochlear Ltd.

     1,497        242,136  

Coles Group Ltd.

     19,586        247,015  

Computershare Ltd.

     16,002        251,513  

CSL Ltd.

     11,361        2,143,304  

Dexus

     38,289        303,406  

Goodman Group

     73,474        1,185,224  

JB Hi-Fi Ltd.

     1,082        38,716  

Medibank Pvt Ltd.

     250,124        577,178  

Mirvac Group

     91,700        172,344  

Newcrest Mining Ltd.

     8,112        151,106  

Orora Ltd.

     24,127        65,304  

Perpetual Ltd.

     1,441        36,797  

REA Group Ltd.

     1,009        96,413  

Reece Ltd.

     2,960        41,605  

Rio Tinto Ltd.

     9,806        840,865  

Rio Tinto PLC

     18,117        1,407,705  

Shopping Centres Australasia Property Group

     45,578        95,914  

Sonic Healthcare Ltd.

     13,177        335,144  

Telstra Corp. Ltd.

     58,105        166,969  

Transurban Group

     33,113        304,921  

Washington H Soul Pattinson & Co. Ltd.

     1,680        30,697  

Wesfarmers Ltd.

     29,729        1,039,596  

Woolworths Group Ltd.

     18,410        474,119  
     

 

 

 
        14,406,630  
     

 

 

 

Austria-0.16%

 

Mondi PLC

     5,040        106,271  

Verbund AG

     716        86,855  
     

 

 

 
        193,126  
     

 

 

 

Belgium-0.22%

 

Sofina S.A.(a)

     548        213,706  

Warehouses De Pauw C.V.A.

     1,251        49,489  
     

 

 

 
        263,195  
     

 

 

 

Brazil-0.09%

 

Yara International ASA

     2,203        112,234  
     

 

 

 

Canada-3.21%

 

BCE, Inc.

     3,385        177,663  

Canadian National Railway Co.

     10,911        1,352,660  

Canadian Pacific Railway Ltd.

     8,307        584,539  

Constellation Software, Inc.

     158        266,104  

George Weston Ltd.

     818        88,640  

Hydro One Ltd.(b)

     3,484        85,977  

IGM Financial, Inc.

     1,497        53,148  

Loblaw Cos. Ltd.

     2,751        214,445  

Rogers Communications, Inc., Class B

     2,984        154,076  

Thomson Reuters Corp.

     8,920        901,318  
     

 

 

 
        3,878,570  
     

 

 

 
       Shares        Value  

China-0.06%

 

Want Want China Holdings Ltd.

     69,000      $ 73,383  
     

 

 

 

Denmark-5.13%

 

Carlsberg A/S, Class B

     1,600        234,882  

Coloplast A/S, Class B

     4,295        647,374  

DSV A/S

     3,642        674,776  

Novo Nordisk A/S, Class B

     37,319        3,843,729  

Novozymes A/S, Class B

     5,298        348,157  

Royal Unibrew A/S

     912        97,279  

SimCorp A/S

     700        63,441  

Tryg A/S

     12,987        295,331  
     

 

 

 
            6,204,969  
     

 

 

 

Finland-1.07%

 

Elisa OYJ

     3,437        191,285  

Fortum OYJ

     6,277        132,828  

Kesko OYJ, Class B

     3,920        115,974  

Kojamo OYJ

     2,548        59,413  

Kone OYJ, Class B

     12,345        726,296  

Nokian Renkaat OYJ

     1,679        32,060  

Orion OYJ, Class B(a)

     842        39,711  
     

 

 

 
        1,297,567  
     

 

 

 

France-9.86%

 

Air Liquide S.A.

     6,982        1,166,133  

BioMerieux

     699        77,036  

Cie Generale des Etablissements Michelin S.C.A.

     2,118        294,988  

Danone S.A.

     6,186        377,352  

Dassault Systemes SE

     6,972        340,568  

Hermes International

     887        1,237,378  

Legrand S.A.

     3,696        352,118  

L’Oreal S.A.

     9,021        3,596,999  

LVMH Moet Hennessy Louis Vuitton SE

     2,428        1,799,634  

Orange S.A.

     23,270        282,644  

Sanofi

     19,187        2,014,358  

Teleperformance

     1,040        387,702  
     

 

 

 
        11,926,910  
     

 

 

 

Germany-6.57%

 

BASF SE

     9,833        654,383  

Beiersdorf AG

     3,164        321,335  

Brenntag SE

     2,116        177,967  

Carl Zeiss Meditec AG, BR

     336        53,156  

Deutsche Post AG

     13,863        703,183  

Deutsche Wohnen SE

     739        30,886  

E.ON SE

     58,741        799,520  

Fresenius Medical Care AG & Co. KGaA

     1,986        127,862  

Fuchs Petrolub SE

     759        23,939  

Fuchs Petrolub SE, Preference Shares

     1,553        61,924  

Henkel AG & Co. KGaA

     3,036        233,929  

Henkel AG & Co. KGaA, Preference Shares

     5,305        422,106  

LEG Immobilien SE

     2,483        321,561  

Merck KGaA

     1,634        325,859  

Rational AG

     50        36,953  

RWE AG

     10,195        475,103  

SAP SE

     17,168        1,953,764  

Siemens Healthineers AG(b)

     3,009        194,266  

Symrise AG

     2,033        243,189  

Telefonica Deutschland Holding AG

     10,291        28,261  

 

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

 

    3    

 

 

 

 


 

Invesco International Developed Dynamic Multifactor ETF (IMFL)–(continued)

February 28, 2022

(Unaudited)

 

       Shares        Value  

Germany-(continued)

 

Uniper SE

     1,132      $ 36,237  

Vonovia SE

     13,605        725,854  
     

 

 

 
            7,951,237  
     

 

 

 

Hong Kong-1.77%

 

CK Asset Holdings Ltd.

     14,513        91,661  

CK Infrastructure Holdings Ltd.

     6,196        38,459  

CLP Holdings Ltd.

     18,689        190,270  

Henderson Land Development Co. Ltd.

     9,064        37,700  

Hong Kong & China Gas Co. Ltd. (The)

     105,181        159,110  

Hong Kong Exchanges & Clearing Ltd.

     23,166        1,119,506  

Jardine Matheson Holdings Ltd.

     1,474        87,703  

Power Assets Holdings Ltd.

     40,183        253,275  

Sun Hung Kai Properties Ltd.

     13,475        156,760  
     

 

 

 
        2,134,444  
     

 

 

 

Ireland-0.18%

 

Glanbia PLC(a)

     1,939        27,267  

Kerry Group PLC, Class A

     1,574        187,753  
     

 

 

 
        215,020  
     

 

 

 

Israel-0.34%

 

Elbit Systems Ltd.

     381        78,091  

Mivne Real Estate KD Ltd.

     8,154        31,925  

Nice Ltd.(c)

     1,129        255,601  

Strauss Group Ltd.

     1,446        47,501  
     

 

 

 
        413,118  
     

 

 

 

Italy-0.41%

 

Buzzi Unicem S.p.A.

     1,097        21,076  

Davide Campari-Milano N.V

     5,088        55,708  

DiaSorin S.p.A.(a)

     336        50,439  

Hera S.p.A

     10,639        41,406  

Italgas S.p.A.

     6,867        44,566  

Recordati Industria Chimica e Farmaceutica S.p.A.

     1,569        77,118  

Terna Rete Elettrica Nazionale S.p.A.(a)

     24,495        201,999  
     

 

 

 
        492,312  
     

 

 

 

Japan-11.80%

 

Acom Co. Ltd.

     15,200        42,231  

Aica Kogyo Co. Ltd.

     1,400        39,140  

Amada Co. Ltd.

     4,156        36,553  

Astellas Pharma, Inc.

     18,941        315,505  

Azbil Corp.

     3,490        131,206  

Bandai Namco Holdings, Inc.

     2,131        154,864  

Bridgestone Corp.

     6,164        252,875  

Chubu Electric Power Co., Inc.

     9,723        97,335  

Chugai Pharmaceutical Co. Ltd.

     7,700        254,048  

Chugoku Electric Power Co., Inc. (The)

     3,800        29,760  

COMSYS Holdings Corp.

     2,486        59,854  

Cosmos Pharmaceutical Corp.

     167        23,011  

Daito Trust Construction Co. Ltd.

     1,159        128,001  

FP Corp.

     800        22,644  

Hamamatsu Photonics K.K.

     3,596        180,776  

House Foods Group, Inc.

     1,700        43,926  

Hoya Corp.

     4,753        613,031  

Iida Group Holdings Co. Ltd.

     2,433        44,847  

Iwatani Corp.

     674        31,835  

Japan Logistics Fund, Inc.

     15        39,136  

Japan Tobacco, Inc.

     27,834        512,334  

Kamigumi Co. Ltd.

     2,802        54,252  
       Shares        Value  

Japan-(continued)

 

Kao Corp.

     10,000      $ 467,115  

KDDI Corp.

     44,590        1,454,135  

Keyence Corp.

     3,500        1,634,296  

Kinden Corp.

     3,500        49,533  

Kokuyo Co. Ltd.

     1,820        25,410  

K’s Holdings Corp.

     3,000        32,299  

Kuraray Co. Ltd.

     3,800        35,567  

Kurita Water Industries Ltd.

     2,052        83,737  

Kyowa Kirin Co. Ltd.

     3,200        82,073  

Kyushu Electric Power Co., Inc.

     5,800        43,711  

Lintec Corp.

     1,600        35,549  

Lion Corp.

     4,200        54,882  

Makita Corp.

     2,481        87,780  

Maruichi Steel Tube Ltd.

     1,200        29,694  

MEIJI Holdings Co. Ltd.

     2,400        143,990  

Mitsubishi Electric Corp.

     32,330        387,792  

Nippon Kayaku Co. Ltd.

     2,545        25,102  

Nippon Telegraph & Telephone Corp.

     33,967        971,160  

Nissin Foods Holdings Co. Ltd.

     1,500        119,427  

Nitori Holdings Co. Ltd.

     1,100        164,701  

Nitto Denko Corp.

     1,484        107,588  

NOF Corp.

     1,240        53,616  

Obic Co. Ltd.

     769        122,252  

Osaka Gas Co. Ltd.

     7,806        142,938  

Rinnai Corp.

     928        75,900  

Sanwa Holdings Corp.

     2,638        29,317  

Secom Co. Ltd.

     7,200        526,489  

Sekisui House Ltd.

     7,045        143,500  

Shimadzu Corp.

     3,523        125,565  

Shimano, Inc.

     1,379        318,245  

Shin-Etsu Chemical Co. Ltd.

     5,363        822,785  

Shionogi & Co. Ltd.

     2,611        173,220  

SHO-BOND Holdings Co. Ltd.

     1,300        57,903  

Sohgo Security Services Co. Ltd.

     800        28,756  

Sony Group Corp.

     13,697        1,404,485  

Sugi Holdings Co. Ltd.

     999        56,379  

Sundrug Co. Ltd.

     900        24,380  

Suntory Beverage & Food Ltd.

     1,554        62,066  

Teijin Ltd.

     2,030        24,376  

Toho Co. Ltd.

     2,400        99,709  

Tohoku Electric Power Co., Inc.

     5,800        37,618  

Tokyo Gas Co. Ltd.

     5,187        105,744  

Toyo Suisan Kaisha Ltd.

     2,200        92,451  

Tsuruha Holdings, Inc.

     500        39,896  

Unicharm Corp.

     10,100        378,832  

USS Co. Ltd.

     5,300        87,616  

Yamada Holdings Co. Ltd.

     11,500        39,839  

Zenkoku Hosho Co. Ltd.

     1,231        51,517  
     

 

 

 
        14,268,099  
     

 

 

 

Luxembourg-0.03%

 

RTL Group S.A.

     558        31,300  
     

 

 

 

Netherlands-6.08%

     

Akzo Nobel N.V.

     2,427        231,711  

ASML Holding N.V.

     5,127        3,448,855  

Euronext N.V.(b)

     3,713        337,180  

Heineken Holding N.V.

     1,150        93,970  

Heineken N.V.

     2,514        255,208  

Koninklijke Ahold Delhaize N.V.

     32,063        989,642  

Koninklijke DSM N.V.

     2,053        385,782  

 

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

 

    4    

 

 

 

 


 

Invesco International Developed Dynamic Multifactor ETF (IMFL)–(continued)

February 28, 2022

(Unaudited)

 

       Shares        Value  

Netherlands-(continued)

 

Koninklijke KPN N.V.

     35,963      $ 123,201  

Koninklijke Philips N.V.

     18,003        613,504  

Koninklijke Vopak N.V.

     723        26,831  

Randstad N.V.

     2,001        136,425  

Wolters Kluwer N.V.

     6,912        705,087  
     

 

 

 
            7,347,396  
     

 

 

 

New Zealand-0.36%

 

Contact Energy Ltd.

     11,154        61,294  

Fisher & Paykel Healthcare Corp. Ltd.

     6,526        121,497  

Kiwi Property Group Ltd.

     40,076        29,291  

Mainfreight Ltd.

     1,652        88,757  

Spark New Zealand Ltd.

     43,369        132,222  
     

 

 

 
        433,061  
     

 

 

 

Norway-0.36%

 

Gjensidige Forsikring ASA

     4,849        120,154  

Orkla ASA

     15,261        143,245  

Telenor ASA

     11,243        166,785  
     

 

 

 
        430,184  
     

 

 

 

Poland-0.06%

 

Cyfrowy Polsat S.A.

     3,348        21,784  

InPost S.A.(c)

     2,416        14,974  

Polskie Gornictwo Naftowe i Gazownictwo S.A

     26,369        35,095  
     

 

 

 
        71,853  
     

 

 

 

Portugal-0.06%

 

Jeronimo Martins SGPS S.A.

     3,469        75,687  
     

 

 

 

Russia-0.01%

 

Polymetal International PLC

     3,774        17,784  
     

 

 

 

Singapore-0.31%

 

Ascendas REIT

     26,601        54,282  

Mapletree Logistics Trust

     24,097        31,065  

Singapore Exchange Ltd.

     33,089        227,671  

Singapore Technologies Engineering Ltd.

     21,893        61,609  
     

 

 

 
        374,627  
     

 

 

 

South Korea-6.75%

 

Coway Co. Ltd.

     906        54,329  

E-MART, Inc.

     225        24,327  

Hankook Tire & Technology Co. Ltd.

     1,128        33,023  

Hyundai Mobis Co. Ltd.

     671        125,009  

Kia Corp.

     3,127        191,935  

Korea Zinc Co. Ltd.

     249        113,902  

KT&G Corp.

     4,563        302,846  

LG Corp.

     1,606        100,446  

LG Household & Health Care Ltd.

     193        152,493  

LG Household & Health Care Ltd., Preference Shares

     56        24,452  

LG Uplus Corp.

     2,791        30,525  

NCSoft Corp.

     327        120,618  

NongShim Co. Ltd.

     115        29,363  

Orion Corp.

     479        36,452  

S-1 Corp.

     857        49,751  

Samsung Electronics Co. Ltd.

     87,443        5,243,598  

Samsung Electronics Co. Ltd., Preference Shares

     14,656        805,724  

Samsung SDS Co. Ltd.

     581        67,651  

SK Bioscience Co. Ltd.(c)

     183        22,222  

SK Hynix, Inc.

     5,432        557,951  
       Shares        Value  

South Korea-(continued)

     

SK Square Co. Ltd.(c)

     675      $ 31,326  

SK Telecom Co. Ltd.

     1,044        47,409  
     

 

 

 
            8,165,352  
     

 

 

 

Spain-0.72%

 

Endesa S.A.

     3,622        80,002  

Iberdrola S.A.

     59,306        678,115  

Red Electrica Corp. S.A.

     5,830        116,723  
     

 

 

 
        874,840  
     

 

 

 

Sweden-4.34%

 

Assa Abloy AB, Class B

     9,473        252,528  

Atlas Copco AB, Class A

     7,702        403,453  

Atlas Copco AB, Class B

     4,252        194,935  

Epiroc AB, Class A

     5,473        103,827  

Epiroc AB, Class B

     3,699        60,395  

Essity AB, Class B

     6,147        159,370  

Hexagon AB, Class B

     12,637        172,386  

Industrivarden AB, Class A(a)

     7,045        196,462  

Industrivarden AB, Class C

     6,002        164,641  

Investment AB Latour, Class B(a)

     5,129        143,628  

Investor AB, Class A

     29,131        651,560  

Investor AB, Class B

     99,525        2,046,768  

Kinnevik AB, Class B(a)(c)

     4,076        104,986  

Sandvik AB

     7,668        168,094  

Securitas AB, Class B

     3,062        37,293  

Skanska AB, Class B

     2,624        59,913  

Swedish Match AB

     26,210        192,558  

Tele2 AB, Class B(a)

     5,106        68,030  

Telia Co. AB(a)

     19,704        73,727  
     

 

 

 
        5,254,554  
     

 

 

 

Switzerland-15.68%

 

Barry Callebaut AG

     34        78,566  

Chocoladefabriken Lindt & Spruengli AG, PC

     26        277,018  

EMS-Chemie Holding AG

     167        165,371  

Geberit AG

     1,030        675,178  

Givaudan S.A

     86        360,985  

Kuehne + Nagel International AG, Class R

     1,002        274,568  

Nestle S.A.

     52,890        6,905,187  

Novartis AG

     23,639        2,070,039  

Partners Group Holding AG

     798        1,084,208  

Roche Holding AG

     15,999        6,100,878  

Roche Holding AG, BR

     635        266,057  

Schindler Holding AG

     441        99,501  

Schindler Holding AG, PC

     971        223,845  

Swiss Prime Site AG

     1,270        124,792  

Swisscom AG

     435        261,062  
     

 

 

 
        18,967,255  
     

 

 

 

United Kingdom-11.16%

 

3i Group PLC

     34,890        625,197  

abrdn PLC

     44,552        123,560  

Admiral Group PLC

     19,047        760,812  

Ashmore Group PLC

     14,836        50,164  

AstraZeneca PLC

     14,176        1,723,081  

Auto Trader Group PLC(b)

     9,162        81,503  

B&M European Value Retail S.A.

     16,223        131,779  

Berkeley Group Holdings PLC(c)

     1,661        86,828  

Diageo PLC

     33,397        1,669,189  

Direct Line Insurance Group PLC

     37,009        147,034  

 

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

 

    5    

 

 

 

 


 

Invesco International Developed Dynamic Multifactor ETF (IMFL)–(continued)

February 28, 2022

(Unaudited)

 

       Shares        Value  

United Kingdom-(continued)

 

Experian PLC

     8,957      $ 352,490  

GlaxoSmithKline PLC

     52,478        1,088,153  

Halma PLC

     10,868        351,576  

Hargreaves Lansdown PLC

     11,979        182,346  

Intertek Group PLC

     3,500        252,839  

J Sainsbury PLC

     16,155        59,761  

Johnson Matthey PLC

     1,889        47,726  

National Grid PLC

     35,984        545,968  

Pennon Group PLC

     3,756        52,412  

Reckitt Benckiser Group PLC

     8,675        735,745  

RELX PLC

     19,884        608,556  

Rightmove PLC

     27,181        245,298  

Sage Group PLC (The)

     17,610        166,059  

Segro PLC

     51,424        898,011  

Spirax-Sarco Engineering PLC

     1,629        261,083  

SSE PLC

     16,489        377,106  

Tate & Lyle PLC

     6,571        66,407  

Tesco PLC

     95,372        370,780  

Unilever PLC

     28,604        1,437,885  
     

 

 

 
        13,499,348  
     

 

 

 

United States-1.03%

 

Amcor PLC, CDI

     25,854        297,549  

Ferguson PLC

     2,662        407,714  

James Hardie Industries PLC, CDI

     4,916        159,280  

Waste Connections, Inc.

     3,097        382,134  
     

 

 

 
        1,246,677  
     

 

 

 

TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from securities on loan)-99.73%
(Cost $127,217,746)

 

     120,620,732  
     

 

 

 
       Shares        Value  
Investments Purchased with Cash Collateral from Securities on Loan

 

Money Market Funds-0.79%

 

Invesco Private Government Fund,
0.12%(d)(e)(f)

     284,711      $ 284,711  

Invesco Private Prime Fund, 0.08%(d)(e)(f)

     664,258        664,325  
     

 

 

 

Total Investments Purchased with Cash Collateral from Securities on Loan
(Cost $949,091)

 

     949,036  
     

 

 

 

TOTAL INVESTMENTS IN SECURITIES-100.52%
(Cost $128,166,837)

 

     121,569,768  

OTHER ASSETS LESS LIABILITIES-(0.52)%

 

     (624,927
     

 

 

 

NET ASSETS-100.00%

 

   $ 120,944,841  
     

 

 

 

Investment Abbreviations:

BR-Bearer Shares

CDI-CREST Depository Interest

PC-Participation Certificate

REIT-Real Estate Investment Trust

Notes to Schedule of Investments:

(a) 

All or a portion of this security was out on loan at February 28, 2022.

(b) 

Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at February 28, 2022 was $698,926, which represented less than 1% of the Fund’s Net Assets.

(c) 

Non-income producing security.

(d) 

Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the six months ended February 28, 2022.

 

     Value
August 31, 2021
     Purchases
at Cost
     Proceeds
from Sales
    Change in
Unrealized
Appreciation
(Depreciation)
     Realized
Gain
(Loss)
     Value
February 28, 2022
     Dividend
Income
 
Investments in Affiliated
Money Market Funds:
                   
Invesco Government & Agency
Portfolio, Institutional Class
       $  171,506          $  4,425,821      $  (4,597,327         $     -                  $     -                    $        -              $  25    

 

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

 

    6    

 

 

 

 


 

Invesco International Developed Dynamic Multifactor ETF (IMFL)–(continued)

February 28, 2022

(Unaudited)

 

     Value
August 31, 2021
   Purchases
at Cost
   Proceeds
from Sales
  Change in
Unrealized
Appreciation
(Depreciation)
  Realized
Gain
(Loss)
  Value
February 28, 2022
   Dividend
Income
Investments Purchased with Cash Collateral from Securities on Loan:                                
Invesco Private Government Fund      $ 917,731      $ 5,403,178      $ (6,036,198 )     $ -     $ -     $ 284,711      $ 64 *
Invesco Private Prime Fund        2,139,126        10,497,212        (11,971,305 )       (55 )       (653 )       664,325        671 *
    

 

 

      

 

 

      

 

 

     

 

 

     

 

 

     

 

 

      

 

 

 
Total      $ 3,228,363      $ 20,326,211      $ (22,604,830 )     $ (55 )     $ (653 )     $ 949,036      $ 760
    

 

 

      

 

 

      

 

 

     

 

 

     

 

 

     

 

 

      

 

 

 

 

*

Represents the income earned on the investment of cash collateral, which is included in securities lending income on the Statements of Operations. 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 February 28, 2022.

(f) 

The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return of the securities loaned. See Note 2I.

 Portfolio Composition

 Sector Breakdown (% of the Fund’s Net Assets)

 as of February 28, 2022

     

Health Care

   19.56                                     

Consumer Staples

   18.95   

Information Technology

   13.37   

Industrials

   11.91   

Materials

   9.40   

Financials

   7.95   

Consumer Discretionary

   6.44   

Communication Services

   4.16   

Utilities

   4.06   

Real Estate

   3.83   

Energy

   0.10   

Money Market Funds Plus Other Assets Less Liabilities

   0.27   

 

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

 

    7    

 

 

 

 


 

Invesco Russell 1000® Dynamic Multifactor ETF (OMFL)

February 28, 2022

(Unaudited)

Schedule of Investments(a)

 

       Shares        Value  

Common Stocks & Other Equity Interests-99.92%

 

Communication Services-9.74%

 

Activision Blizzard, Inc.

     88,655      $      7,225,383  

Alphabet, Inc., Class A(b)

     18,405        49,714,482  

Alphabet, Inc., Class C(b)

     17,456        47,093,146  

Electronic Arts, Inc.

     38,588        5,019,913  

Meta Platforms, Inc., Class A(b)

     203,590        42,963,598  

New York Times Co. (The), Class A(c)

     14,655        644,673  

Sirius XM Holdings, Inc.(c)

     81,921        504,633  

Take-Two Interactive Software, Inc.(b)(c)

     9,846        1,595,052  

Verizon Communications, Inc.

     418,545        22,463,310  
     

 

 

 
        177,224,190  
     

 

 

 

Consumer Discretionary-10.32%

 

Advance Auto Parts, Inc.

     6,340        1,296,403  

Amazon.com, Inc.(b)

     26,758        82,180,775  

Columbia Sportswear Co.

     4,781        443,294  

Dollar General Corp.

     50,855        10,086,581  

Dollar Tree, Inc.(b)

     25,779        3,662,680  

Domino’s Pizza, Inc.(c)

     4,292        1,855,045  

eBay, Inc.

     81,188        4,432,053  

Garmin Ltd.

     29,163        3,220,762  

Gentex Corp.(c)

     43,165        1,306,605  

Genuine Parts Co.

     16,890        2,063,282  

Grand Canyon Education, Inc.(b)

     5,082        441,270  

Home Depot, Inc. (The)

     111,001        35,057,446  

Lowe’s Cos., Inc.

     70,608        15,608,604  

O’Reilly Automotive, Inc.(b)

     11,811        7,668,174  

Pool Corp.(c)

     7,777        3,566,377  

Target Corp.

     56,058        11,198,707  

Tractor Supply Co.

     18,169        3,702,660  
     

 

 

 
        187,790,718  
     

 

 

 

Consumer Staples-11.98%

 

Altria Group, Inc.

     260,841        13,378,535  

Brown-Forman Corp., Class B

     18,284        1,192,665  

Church & Dwight Co., Inc.(c)

     32,144        3,145,290  

Clorox Co. (The)

     20,418        2,976,740  

Colgate-Palmolive Co.

     152,251        11,715,715  

Costco Wholesale Corp.

     59,787        31,044,400  

Flowers Foods, Inc.

     22,513        617,081  

General Mills, Inc.

     53,487        3,606,629  

Hershey Co. (The)

     17,391        3,517,504  

Hormel Foods Corp.(c)

     46,763        2,227,789  

JM Smucker Co. (The)

     9,933        1,338,472  

Kimberly-Clark Corp.

     37,450        4,874,118  

Monster Beverage Corp.(b)

     69,658        5,879,135  

Philip Morris International, Inc.

     194,247        19,632,544  

Procter & Gamble Co. (The)

     490,147        76,409,016  

Walmart, Inc.

     269,165        36,380,341  
     

 

 

 
        217,935,974  
     

 

 

 

Financials-9.58%

 

Allstate Corp. (The)

     28,753        3,518,217  

Aon PLC, Class A

     32,778        9,575,765  

Arthur J. Gallagher & Co.

     18,090        2,861,657  

Berkshire Hathaway, Inc., Class B(b)

     230,339        74,042,472  

Brown & Brown, Inc.

     32,801        2,217,676  

Cboe Global Markets, Inc.

     16,217        1,902,092  

Erie Indemnity Co., Class A(c)

     4,867        852,212  
       Shares        Value  

Financials-(continued)

     

FactSet Research Systems, Inc.

     8,259      $ 3,353,897  

Lazard Ltd., Class A

     9,789        338,504  

MarketAxess Holdings, Inc.

     5,580        2,128,379  

Marsh & McLennan Cos., Inc.

     81,079        12,600,487  

Moody’s Corp.

     30,065        9,681,832  

Morningstar, Inc.

     4,034        1,132,142  

MSCI, Inc.

     14,384        7,216,309  

Nasdaq, Inc.

     15,663        2,680,722  

Progressive Corp. (The)

     129,429        13,710,414  

S&P Global, Inc.(c)

     48,819        18,341,298  

SEI Investments Co.

     21,159        1,239,494  

T. Rowe Price Group, Inc.

     42,769        6,182,687  

White Mountains Insurance Group Ltd.

     695        729,889  
     

 

 

 
           174,306,145  
     

 

 

 

Health Care-19.36%

 

Abbott Laboratories

     206,964        24,963,998  

Agilent Technologies, Inc.

     26,896        3,506,163  

Amgen, Inc.

     62,979        14,263,484  

Anthem, Inc.

     26,385        11,922,062  

Bio-Rad Laboratories, Inc., Class A(b)

     2,640        1,652,534  

Bio-Techne Corp.

     3,508        1,471,290  

Bristol-Myers Squibb Co.

     180,891        12,421,785  

Cerner Corp.

     54,578        5,089,399  

Chemed Corp.

     3,361        1,607,533  

Edwards Lifesciences Corp.(b)

     72,092        8,100,978  

Eli Lilly and Co.

     84,440        21,105,778  

Globus Medical, Inc., Class A(b)

     8,250        580,140  

Henry Schein, Inc.(b)

     16,699        1,442,460  

Humana, Inc.

     15,559        6,757,585  

IDEXX Laboratories, Inc.(b)

     11,651        6,202,410  

Intuitive Surgical, Inc.(b)

     41,298        11,990,048  

Johnson & Johnson

     405,313        66,702,360  

Masimo Corp.(b)

     7,546        1,188,118  

Merck & Co., Inc.

     209,767        16,063,957  

Mettler-Toledo International, Inc.(b)

     3,840        5,409,562  

Pfizer, Inc.

     452,385        21,234,952  

Premier, Inc., Class A

     18,909        679,589  

Quest Diagnostics, Inc.

     14,734        1,934,132  

Regeneron Pharmaceuticals, Inc.(b)

     10,164        6,285,011  

ResMed, Inc.

     19,540        4,821,495  

Thermo Fisher Scientific, Inc.

     50,088        27,247,872  

United Therapeutics Corp.(b)

     4,017        667,625  

UnitedHealth Group, Inc.

     86,951        41,377,372  

Veeva Systems, Inc., Class A(b)

     11,260        2,579,103  

Vertex Pharmaceuticals, Inc.(b)

     28,646        6,589,153  

Waters Corp.(b)

     5,792        1,834,500  

West Pharmaceutical Services, Inc.

     13,547        5,243,773  

Zoetis, Inc.

     48,011        9,297,330  
     

 

 

 
        352,233,551  
     

 

 

 

Industrials-5.59%

 

3M Co.

     59,247        8,807,067  

A.O. Smith Corp.

     21,013        1,441,072  

AMETEK, Inc.

     20,767        2,695,349  

Copart, Inc.(b)

     29,098        3,575,562  

Expeditors International of Washington, Inc.

     31,043        3,208,605  

Fastenal Co.(c)

     104,328        5,368,719  

 

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

 

    8    

 

 

 

 


 

Invesco Russell 1000® Dynamic Multifactor ETF (OMFL)–(continued)

February 28, 2022

(Unaudited)

 

       Shares        Value  

Industrials-(continued)

 

FTI Consulting, Inc.(b)(c)

     4,897      $ 714,962  

Graco, Inc.

     29,659        2,138,117  

Huntington Ingalls Industries, Inc.

     3,685        753,214  

IDEX Corp.

     7,297        1,400,294  

Illinois Tool Works, Inc.

     26,001        5,625,076  

J.B. Hunt Transport Services, Inc.(c)

     12,322        2,500,503  

Knight-Swift Transportation Holdings, Inc.

     16,417        894,398  

L3Harris Technologies, Inc.

     18,091        4,564,540  

Landstar System, Inc.

     4,095        632,309  

Lennox International, Inc.

     4,423        1,180,631  

Lockheed Martin Corp.

     46,210        20,045,898  

Masco Corp.

     28,331        1,587,669  

Old Dominion Freight Line, Inc.

     12,899        4,050,673  

Otis Worldwide Corp.

     43,286        3,390,592  

Pentair PLC

     14,380        832,746  

Republic Services, Inc.

     21,004        2,526,361  

Rollins, Inc.(c)

     45,795        1,494,291  

Snap-on, Inc.

     6,075        1,276,844  

Toro Co. (The)

     13,720        1,287,073  

United Parcel Service, Inc., Class B

     73,794        15,527,734  

Verisk Analytics, Inc.

     13,180        2,337,341  

Watsco, Inc.

     6,610        1,804,927  
     

 

 

 
        101,662,567  
     

 

 

 

Information Technology-30.56%

 

Accenture PLC, Class A

     97,747        30,890,007  

Adobe, Inc.(b)

     59,438        27,797,964  

Amdocs Ltd.

     14,558        1,145,715  

Apple, Inc.

     690,355        113,991,418  

Aspen Technology, Inc.(b)

     4,466        680,663  

Automatic Data Processing, Inc.

     80,467        16,450,673  

Broadridge Financial Solutions, Inc.

     25,427        3,717,682  

Cadence Design Systems, Inc.(b)

     25,792        3,905,683  

Cisco Systems, Inc.

     867,356        48,372,444  

Citrix Systems, Inc.

     12,937        1,326,042  

Cognex Corp.

     14,372        970,972  

Cognizant Technology Solutions Corp., Class A

     47,990        4,133,379  

Dolby Laboratories, Inc., Class A

     6,505        488,526  

EPAM Systems, Inc.(b)

     4,593        954,196  

F5, Inc.(b)

     3,369        676,664  

Fortinet, Inc.(b)

     7,339        2,528,432  

Intel Corp.

     318,360        15,185,772  

Intuit, Inc.

     27,781        13,178,473  

Jack Henry & Associates, Inc.

     15,779        2,789,727  

Keysight Technologies, Inc.(b)

     15,864        2,496,518  

Mastercard, Inc., Class A

     120,242        43,385,718  

Microsoft Corp.

     346,142        103,423,768  

Monolithic Power Systems, Inc.

     3,283        1,505,912  

Motorola Solutions, Inc.

     13,735        3,027,606  

Oracle Corp.

     135,951        10,328,197  

Paychex, Inc.

     70,724        8,420,399  

salesforce.com, inc.(b)

     53,208        11,201,880  

Synopsys, Inc.(b)

     14,500        4,529,655  

Texas Instruments, Inc.

     124,118        21,098,819  
       Shares        Value  

Information Technology-(continued)

 

Tyler Technologies, Inc.(b)

     4,257      $ 1,823,103  

VeriSign, Inc.(b)

     10,831        2,314,801  

Visa, Inc., Class A(c)

     243,664        52,660,664  

VMware, Inc., Class A

     4,380        513,862  
     

 

 

 
        555,915,334  
     

 

 

 

Materials-1.37%

 

Air Products and Chemicals, Inc.

     23,115        5,462,074  

Ardagh Group S.A.(d)

     16,236        344,690  

Ecolab, Inc.

     26,787        4,721,477  

Newmont Corp.

     83,954        5,557,755  

Scotts Miracle-Gro Co. (The)(c)

     4,628        648,198  

Sherwin-Williams Co. (The)

     28,976        7,624,455  

Sonoco Products Co.

     8,534        501,116  
     

 

 

 
        24,859,765  
     

 

 

 

Real Estate-1.42%

 

AvalonBay Communities, Inc.

     12,268        2,927,022  

Equity LifeStyle Properties, Inc.

     18,708        1,395,991  

Equity Residential

     33,199        2,831,875  

Essex Property Trust, Inc.

     5,315        1,685,758  

Extra Space Storage, Inc.

     15,438        2,904,660  

First Industrial Realty Trust, Inc.

     14,066        809,920  

Highwoods Properties, Inc.(c)

     10,030        437,308  

Public Storage

     35,882        12,738,828  
     

 

 

 
        25,731,362  
     

 

 

 

Total Common Stocks & Other Equity Interests
(Cost $1,909,525,433)

 

     1,817,659,606  
     

 

 

 

Money Market Funds-0.00%

 

Invesco Government & Agency Portfolio, Institutional Class, 0.03%(e)(f)
(Cost $36,268)

     36,268        36,268  
     

 

 

 

TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from securities on loan)-99.92%
(Cost $1,909,561,701)

        1,817,695,874  
     

 

 

 

Investments Purchased with Cash Collateral from Securities on Loan

 

Money Market Funds-4.39%

 

Invesco Private Government Fund,
0.12%(e)(f)(g)

     23,970,524        23,970,524  

Invesco Private Prime Fund, 0.08%(e)(f)(g)

     55,925,629        55,931,223  
     

 

 

 

Total Investments Purchased with Cash Collateral from Securities on Loan
(Cost $79,904,570)

 

     79,901,747  
     

 

 

 

TOTAL INVESTMENTS IN SECURITIES-104.31%
(Cost $1,989,466,271)

 

     1,897,597,621  

OTHER ASSETS LESS LIABILITIES-(4.31)%

 

     (78,364,439
     

 

 

 

NET ASSETS-100.00%

 

   $ 1,819,233,182  
     

 

 

 

 

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

 

    9    

 

 

 

 


 

Invesco Russell 1000® Dynamic Multifactor ETF (OMFL)–(continued)

February 28, 2022

(Unaudited)

    

 

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 February 28, 2022.

(d) 

Security valued using significant unobservable inputs (Level 3). See Note 4.

(e) 

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 six months ended February 28, 2022.

 

     Value
August 31, 2021
   Purchases
at Cost
   Proceeds
from Sales
  Change in
Unrealized
Appreciation
(Depreciation)
  Realized
Gain
(Loss)
  Value
February 28, 2022
   Dividend
Income
Invesco Ltd.           $ 5,712,774           $ 4,896,627      $ (9,996,645 )     $ (311,549 )     $ (301,207 )          $ -           $ 41,461
Investments in Affiliated Money Market Funds:                                                    
Invesco Government & Agency Portfolio, Institutional Class             -             21,310,982        (21,274,714 )       -       -            36,268             123
Investments Purchased with Cash Collateral from Securities on Loan:                                                    
Invesco Private Government Fund             13,579,808             135,380,298        (124,989,582 )       -       -            23,970,524             2,890 *
Invesco Private Prime Fund             31,686,217             277,656,604        (253,393,974 )       (2,823 )       (14,801 )            55,931,223             25,850 *
         

 

 

           

 

 

      

 

 

     

 

 

     

 

 

          

 

 

           

 

 

 
Total           $ 50,978,799           $ 439,244,511      $ (409,654,915 )     $ (314,372 )     $ (316,008 )          $ 79,938,015           $ 70,324
         

 

 

           

 

 

      

 

 

     

 

 

     

 

 

          

 

 

           

 

 

 

 

*

Represents the income earned on the investment of cash collateral, which is included in securities lending income on the Statements of Operations. Does not include rebates and fees paid to lending agent or premiums received from borrowers, if any.

 

(f) 

The rate shown is the 7-day SEC standardized yield as of February 28, 2022.

(g) 

The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return of the securities loaned. See Note 2I.

 Portfolio Composition

 Sector Breakdown (% of the Fund’s Net Assets)

as of February 28, 2022

     

Information Technology

   30.56                                     

Health Care

   19.36   

Consumer Staples

   11.98   

Consumer Discretionary

   10.32   

Communication Services

   9.74   

Financials

   9.58   

Industrials

   5.59   

Sector Types Each Less Than 3%

   2.79   

Money Market Funds Plus Other Assets Less Liabilities

   0.08   

 

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

 

    10    

 

 

 

 


 

Invesco Russell 2000® Dynamic Multifactor ETF (OMFS)

February 28, 2022

(Unaudited)

Schedule of Investments(a)

 

           Shares         Value  

Common Stocks & Other Equity Interests-99.97%

 

Communication Services-1.81%

 

Advantage Solutions, Inc.(b)(c)

     11,468         $          90,253  

AMC Networks, Inc., Class A(b)(c)

     3,216       133,303  

ATN International, Inc.

     1,910       63,660  

Cogent Communications Holdings, Inc.

     6,362       403,351  

Daily Journal Corp.(b)

     177       57,235  

E.W. Scripps Co. (The), Class A(b)

     6,162       137,166  

EchoStar Corp., Class A(b)(c)

     5,118       124,572  

John Wiley & Sons, Inc., Class A

     6,389       321,431  

Ooma, Inc.(b)

     2,674       44,709  

TEGNA, Inc.

     32,294       740,178  

Telephone & Data Systems, Inc.

     14,428       250,326  

Telesat Corp. (Canada)(b)

     2,313       47,949  

United States Cellular Corp.(b)(c)

     2,185       60,109  

Ziff Davis, Inc.(b)

     5,635       566,881  
    

 

 

 
       3,041,123  
    

 

 

 

Consumer Discretionary-4.40%

 

Aaron’s Co., Inc. (The)

     3,610       75,774  

Accel Entertainment, Inc.(b)

     15,594       204,125  

Acushnet Holdings Corp.

     6,681       292,628  

Adtalem Global Education, Inc.(b)

     5,499       114,269  

American Public Education, Inc.(b)

     2,359       47,086  

Buckle, Inc. (The)(c)

     4,710       169,560  

CarLotz, Inc.(b)(c)

     7,707       15,568  

Carriage Services, Inc.

     2,003       98,568  

Cavco Industries, Inc.(b)

     1,011       275,629  

Clarus Corp.(c)

     2,432       55,377  

Dorman Products, Inc.(b)

     5,646       527,449  

Golden Nugget Online Gaming, Inc.(b)

     3,525       30,315  

Graham Holdings Co., Class B

     507       304,773  

Green Brick Partners, Inc.(b)

     3,411       79,101  

Haverty Furniture Cos., Inc., (Acquired 06/02/2020 - 02/03/2022;
Cost $42,962)(c)(d)

     2,212       62,843  

Helen of Troy Ltd.(b)(c)

     5,328       1,095,810  

Hooker Furnishings Corp.

     1,926       40,446  

Johnson Outdoors, Inc., Class A

     686       56,574  

LCI Industries

     2,681       333,838  

MarineMax, Inc.(b)

     3,109       142,268  

Papa John’s International, Inc.

     3,490       372,802  

Perdoceo Education Corp.(b)

     8,195       85,802  

Rent-A-Center, Inc.(c)

     7,415       210,660  

Rocky Brands, Inc.

     697       26,862  

Shutterstock, Inc.

     3,362       304,362  

Sleep Number Corp.(b)(c)

     2,636       173,185  

Sportsman’s Warehouse Holdings, Inc.(b)

     6,459       73,697  

Standard Motor Products, Inc.

     3,977       173,835  

Strategic Education, Inc.

     2,512       148,258  

Sturm Ruger & Co., Inc.

     5,678       411,144  

Superior Group of Cos., Inc.

     1,671       34,256  

Unifi, Inc.(b)

     2,016       37,840  

Universal Electronics, Inc.(b)

     1,483       49,280  

Vivint Smart Home, Inc.(b)

     11,543       82,994  

Wingstop, Inc.(c)

     6,186       899,135  

Winmark Corp.

     1,368       309,469  
    

 

 

 
       7,415,582  
    

 

 

 
           Shares         Value  

Consumer Staples-5.79%

    

BellRing Brands, Inc., Class A(b)(c)

     10,370         $ 265,161  

BJ’s Wholesale Club Holdings, Inc.(b)

     23,832           1,498,318  

Cal-Maine Foods, Inc.(c)

     7,733       342,340  

Central Garden & Pet Co.(b)(c)

     1,371       64,903  

Central Garden & Pet Co., Class A(b)

     5,767       253,979  

Coca-Cola Consolidated, Inc.

     753       374,188  

Energizer Holdings, Inc.

     10,680       356,605  

Hostess Brands, Inc.(b)

     17,876       385,049  

Ingles Markets, Inc., Class A

     3,074       252,744  

Inter Parfums, Inc.(c)

     1,799       167,091  

J&J Snack Foods Corp.

     2,610       427,309  

John B. Sanfilippo & Son, Inc.

     2,355       187,270  

Lancaster Colony Corp.

     4,969       835,835  

Medifast, Inc.

     1,895       352,470  

MGP Ingredients, Inc.(c)

     2,298       182,944  

Oil-Dri Corp.of America

     998       30,818  

Sanderson Farms, Inc.

     4,195       749,185  

Seneca Foods Corp., Class A(b)

     1,037       51,591  

SpartanNash Co.

     6,835       192,337  

Sprouts Farmers Market, Inc.(b)(c)

     37,795       1,076,402  

Tootsie Roll Industries, Inc.(c)

     3,596       121,365  

Universal Corp.

     3,319       179,591  

USANA Health Sciences, Inc.(b)

     1,636       143,984  

Vector Group Ltd.

     29,587       331,670  

WD-40 Co.(c)

     2,449       518,919  

Weis Markets, Inc.

     5,161       318,279  

Whole Earth Brands, Inc.(b)

     9,161       86,938  
    

 

 

 
       9,747,285  
    

 

 

 

Energy-0.26%

 

DHT Holdings, Inc.(c)

     31,375       197,349  

National Energy Services Reunited
Corp.(b)(c) .

     4,017       35,791  

REX American Resources Corp.(b)

     717       67,728  

SFL Corp. Ltd. (Norway)

     13,064       129,987  
    

 

 

 
       430,855  
    

 

 

 

Financials-24.17%

    

1st Source Corp.

     1,880       90,785  

Alerus Financial Corp.(c)

     1,982       56,983  

Allegiance Bancshares, Inc.

     1,910       81,844  

A-Mark Precious Metals, Inc.(c)

     1,512       108,410  

American National Bankshares, Inc.

     1,093       42,190  

American National Group, Inc.

     935       176,743  

Ameris Bancorp

     6,119       302,890  

AMERISAFE, Inc.

     3,183       149,919  

Apollo Commercial Real Estate Finance, Inc.

     12,635       164,887  

Arbor Realty Trust, Inc.

     10,954       197,172  

Ares Commercial Real Estate Corp.

     3,546       51,949  

Argo Group International Holdings Ltd.

     2,851       120,227  

ARMOUR Residential REIT, Inc.

     4,718       38,357  

Arrow Financial Corp.

     1,671       57,399  

Artisan Partners Asset Management, Inc., Class A

     10,456       398,478  

Associated Banc-Corp

     15,960       389,264  

Atlantic Capital Bancshares, Inc.(b)

     1,885       60,961  

Atlantic Union Bankshares Corp.

     7,515       305,334  

Axos Financial, Inc.(b)

     4,914       268,992  

B. Riley Financial, Inc.(c)

     2,328       138,632  

Banc of California, Inc.

     2,833       55,668  

 

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

 

    11    

 

 

 

 


 

Invesco Russell 2000® Dynamic Multifactor ETF (OMFS)–(continued)

February 28, 2022

(Unaudited)

 

           Shares         Value  

Financials-(continued)

 

BancFirst Corp.(c)

     1,600         $        125,008  

Banco Latinoamericano de Comercio Exterior S.A., Class E (Panama)

     2,884       44,558  

Bank First Corp.

     833       58,668  

Bank of Marin Bancorp

     1,433       50,614  

Bank of NT Butterfield & Son Ltd. (The) (Bermuda)

     3,269       125,530  

BankUnited, Inc.

     8,150       360,230  

Banner Corp.

     3,359       206,948  

Bar Harbor Bankshares

     1,398       40,193  

BGC Partners, Inc., Class A

     24,873       113,918  

Blackstone Mortgage Trust, Inc., Class A(c)

     15,205       483,215  

Bridgewater Bancshares, Inc.(b)

     2,194       36,925  

Brightsphere Investment Group, Inc.

     5,579       133,171  

Broadmark Realty Capital, Inc.

     20,479       177,348  

Brookline Bancorp, Inc.

     8,286       142,022  

Byline Bancorp, Inc.

     1,883       51,349  

Cadence Bank

     10,931       345,638  

Cambridge Bancorp

     780       68,757  

Camden National Corp.

     1,636       77,792  

Cannae Holdings, Inc.(b)

     14,660       393,621  

Capitol Federal Financial, Inc.

     16,208       176,991  

Capstar Financial Holdings, Inc.

     1,892       40,489  

Cathay General Bancorp

     7,927       372,807  

CBTX, Inc.(c)

     1,600       48,096  

Central Pacific Financial Corp.

     2,614       76,303  

Chimera Investment Corp.

     24,409       297,058  

Citizens & Northern Corp.

     1,760       43,595  

City Holding Co.

     1,963       156,392  

Civista Bancshares, Inc.

     1,563       38,122  

CNB Financial Corp.

     1,551       40,559  

CNO Financial Group, Inc.

     12,949       312,977  

Cohen & Steers, Inc.

     4,624       375,746  

Columbia Banking System, Inc.(c)

     7,219       264,432  

Columbia Financial, Inc.(b)(c)

     4,832       102,632  

Community Bank System, Inc.

     6,385       465,722  

Community Trust Bancorp, Inc.

     1,863       78,768  

ConnectOne Bancorp, Inc.

     2,920       96,360  

Cowen, Inc., Class A

     1,810       53,667  

Customers Bancorp, Inc.(b)

     2,206       135,779  

CVB Financial Corp.(c)

     14,931       352,073  

Diamond Hill Investment Group, Inc.

     641       124,277  

Dime Community Bancshares, Inc.(c)

     3,600       122,364  

Dynex Capital, Inc.

     4,046       62,187  

Eagle Bancorp, Inc.

     3,018       180,839  

Employers Holdings, Inc.

     4,009       155,790  

Enstar Group Ltd.(b)

     1,943       553,813  

Enterprise Financial Services Corp.

     2,928       144,760  

Essent Group Ltd.

     12,823       566,520  

Farmers National Banc Corp.

     2,905       50,053  

FB Financial Corp.

     2,744       121,943  

Federal Agricultural Mortgage Corp.,
Class C

     877       108,485  

Federated Hermes, Inc., Class B(c)

     16,316       533,044  

Financial Institutions, Inc.

     1,399       44,684  

First Bancorp

     17,382       245,434  

First Bancorp/Southern Pines NC

     2,601       116,733  

First Bancshares, Inc. (The)(c)

     2,181       77,011  

First Busey Corp.

     5,576       153,061  

First Commonwealth Financial Corp.

     9,737       157,253  

First Community Bankshares, Inc.

     1,902       55,786  
           Shares         Value  

Financials-(continued)

    

First Financial Bancorp

     9,109         $        223,899  

First Financial Bankshares, Inc.

     15,634       749,181  

First Financial Corp.

     1,451       67,486  

First Foundation, Inc.

     4,022       107,267  

First Interstate BancSystem, Inc., Class A

     4,667       189,480  

First Merchants Corp.

     5,813       254,261  

First Mid Bancshares, Inc.

     1,759       70,483  

First of Long Island Corp. (The)

     2,403       52,313  

FirstCash Holdings, Inc.

     5,945       428,278  

Flagstar Bancorp, Inc.

     5,493       250,371  

Flushing Financial Corp.

     2,719       63,869  

Fulton Financial Corp.

     16,722       301,330  

German American Bancorp, Inc.

     2,918       116,078  

Glacier Bancorp, Inc.(c)

     12,384       686,074  

Goosehead Insurance, Inc., Class A

     922       80,196  

Great Southern Bancorp, Inc.

     1,215       74,625  

Guaranty Bancshares, Inc.

     938       32,802  

Hamilton Lane, Inc., Class A

     5,698       445,014  

Hancock Whitney Corp.

     5,736       319,380  

Hanmi Financial Corp.

     2,313       60,416  

Hannon Armstrong Sustainable Infrastructure Capital, Inc.

     11,028       522,066  

HarborOne Bancorp, Inc.

     6,077       89,879  

HCI Group, Inc.

     643       40,033  

Heartland Financial USA, Inc.

     4,281       212,423  

Heritage Commerce Corp.

     5,651       67,190  

Heritage Financial Corp.

     3,734       97,905  

Hilltop Holdings, Inc.

     6,466       199,929  

Hingham Institution for Savings (The)

     207       74,487  

Home BancShares, Inc.

     15,198       355,785  

HomeStreet, Inc.

     2,072       106,625  

HomeTrust Bancshares, Inc.

     1,527       45,932  

Hope Bancorp, Inc.

     11,369       192,818  

Horace Mann Educators Corp.

     5,101       212,151  

Horizon Bancorp, Inc.

     4,172       83,774  

Houlihan Lokey, Inc.

     10,517       1,081,779  

Independent Bank Corp.

     4,881       419,815  

Independent Bank Corporation

     1,970       46,886  

Independent Bank Group, Inc.

     3,195       246,494  

International Bancshares Corp.

     5,034       216,512  

Investors Bancorp, Inc.

     24,777       414,767  

James River Group Holdings Ltd.

     3,101       82,487  

Kearny Financial Corp.

     8,593       113,514  

Kinsale Capital Group, Inc.

     3,094       648,997  

KKR Real Estate Finance Trust, Inc.(c)

     3,396       72,912  

Ladder Capital Corp.

     7,379       84,563  

Lakeland Bancorp, Inc.

     5,073       91,517  

Lakeland Financial Corp.

     2,854       228,919  

Live Oak Bancshares, Inc.

     2,285       146,126  

Mercantile Bank Corp.

     1,669       61,536  

Merchants Bancorp

     1,413       40,906  

Meta Financial Group, Inc.

     2,245       124,351  

Midland States Bancorp, Inc.

     1,976       58,015  

MidWestOne Financial Group, Inc.

     1,270       38,341  

Moelis & Co., Class A

     10,643       513,099  

MVB Financial Corp.

     929       35,785  

National Bank Holdings Corp., Class A

     3,401       150,936  

National Western Life Group, Inc., Class A

     297       63,365  

Navient Corp.

     8,620       151,798  

NBT Bancorp, Inc.

     4,940       189,548  

 

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

 

    12    

 

 

 

 


 

Invesco Russell 2000® Dynamic Multifactor ETF (OMFS)–(continued)

February 28, 2022

(Unaudited)

 

           Shares         Value  

Financials-(continued)

    

Nelnet, Inc., Class A

              2,001         $        161,181  

Nicolet Bankshares, Inc.(b)

     1,119       106,596  

NMI Holdings, Inc., Class A(b)

     7,499       173,527  

Northfield Bancorp, Inc.

     5,267       82,692  

Northwest Bancshares, Inc.

     14,747       207,638  

OceanFirst Financial Corp.

     6,081       136,093  

OFG Bancorp

     3,603       101,533  

Old National Bancorp

     32,146       587,629  

Old Second Bancorp, Inc.

     2,640       37,567  

Oppenheimer Holdings, Inc., Class A

     1,097       47,379  

Origin Bancorp, Inc.

     1,716       79,245  

Pacific Premier Bancorp, Inc.

     7,875       304,841  

Palomar Holdings, Inc.(b)

     1,238       79,764  

Park National Corp.

     1,700       227,902  

Peapack-Gladstone Financial Corp.

     1,399       52,770  

PennyMac Financial Services, Inc.

     3,805       219,739  

Peoples Bancorp, Inc.

     1,974       61,747  

Piper Sandler Cos.

     1,738       257,241  

PJT Partners, Inc., Class A

     3,288       209,840  

PRA Group, Inc.(b)

     4,467       199,362  

Preferred Bank

     1,356       106,419  

Premier Financial Corp.

     3,194       97,960  

Primis Financial Corp.

     2,355       33,677  

ProAssurance Corp.

     3,082       74,276  

PROG Holdings, Inc.(b)

     13,089       401,047  

Provident Financial Services, Inc.

     7,025       166,703  

QCR Holdings, Inc.

     1,595       89,097  

Radian Group, Inc.

     21,888       523,123  

Ready Capital Corp.

     4,314       64,063  

Renasant Corp.

     5,643       206,026  

Republic Bancorp, Inc., Class A

     1,110       50,927  

RLI Corp.

     6,272       636,608  

S&T Bancorp, Inc.

     3,922       121,935  

Safety Insurance Group, Inc.

     2,635       219,864  

Sandy Spring Bancorp, Inc.

     4,741       223,254  

Seacoast Banking Corp. of Florida

     5,203       190,690  

Selective Insurance Group, Inc.

     8,152       678,165  

ServisFirst Bancshares, Inc.

     5,600       489,328  

Sierra Bancorp

     1,335       35,831  

Simmons First National Corp., Class A

     11,318       322,789  

SiriusPoint Ltd. (Bermuda)(b)

     11,962       88,399  

SmartFinancial, Inc.

     1,521       39,683  

South State Corp.(c)

     6,769       609,210  

Southern First Bancshares, Inc.(b)

     719       41,026  

Southern Missouri Bancorp, Inc.

     908       48,651  

Southside Bancshares, Inc.

     3,691       153,878  

StepStone Group, Inc., Class A

     2,379       82,147  

Stewart Information Services Corp.

     4,108       278,851  

Stock Yards Bancorp, Inc.

     2,367       126,563  

StoneX Group, Inc.(b)

     1,515       114,307  

Texas Capital Bancshares, Inc.(b)

     3,178       211,655  

Tompkins Financial Corp.

     1,615       127,747  

Towne Bank

     7,434       231,792  

TriCo Bancshares

     3,136       136,102  

TriState Capital Holdings, Inc.(b)

     2,044       67,861  

Triumph Bancorp, Inc.(b)

     1,784       178,971  

TrustCo Bank Corp.

     2,050       70,049  

Trustmark Corp.

     7,179       226,067  

UMB Financial Corp.

     4,852       494,225  

United Bankshares, Inc.(c)

     13,389       490,305  
           Shares         Value  

Financials-(continued)

 

United Community Banks, Inc.

     10,196         $ 394,177  

Universal Insurance Holdings, Inc.

     2,552       29,501  

Univest Financial Corp.

     2,966       85,955  

Valley National Bancorp

     43,688       610,321  

Veritex Holdings, Inc.

     3,713       150,859  

Virtus Investment Partners, Inc.

     774       186,240  

Walker & Dunlop, Inc.

     3,402       470,667  

Washington Federal, Inc.

     8,256       293,748  

Washington Trust Bancorp, Inc.

     1,992       108,106  

Waterstone Financial, Inc.

     3,376       65,967  

WesBanco, Inc.

     6,940       253,588  

West Bancorporation, Inc.

     1,780       51,442  

Westamerica Bancorporation

     3,239       192,137  

WSFS Financial Corp.

     6,294       319,924  
    

 

 

 
         40,688,151  
    

 

 

 

Health Care-8.61%

 

Addus HomeCare Corp.(b)

     2,529       215,066  

Amphastar Pharmaceuticals, Inc.(b)

     11,177       309,715  

Aratana Therapeutics, Inc., CVR(b)(e)

     540       135  

Atea Pharmaceuticals, Inc.(b)

     11,464       72,682  

Atrion Corp.(c)

     538