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Invesco Semi-Annual Report to Shareholders

 

 

February 28, 2022

 

  BSCM    Invesco BulletShares 2022 Corporate Bond ETF
  BSCN    Invesco BulletShares 2023 Corporate Bond ETF
  BSCO    Invesco BulletShares 2024 Corporate Bond ETF
  BSCP    Invesco BulletShares 2025 Corporate Bond ETF
  BSCQ    Invesco BulletShares 2026 Corporate Bond ETF
  BSCR    Invesco BulletShares 2027 Corporate Bond ETF
  BSCS    Invesco BulletShares 2028 Corporate Bond ETF
  BSCT    Invesco BulletShares 2029 Corporate Bond ETF
  BSCU    Invesco BulletShares 2030 Corporate Bond ETF
  BSCV    Invesco BulletShares 2031 Corporate Bond ETF
  BSJM    Invesco BulletShares 2022 High Yield Corporate Bond ETF
  BSJN    Invesco BulletShares 2023 High Yield Corporate Bond ETF
  BSJO    Invesco BulletShares 2024 High Yield Corporate Bond ETF
  BSJP    Invesco BulletShares 2025 High Yield Corporate Bond ETF
  BSJQ    Invesco BulletShares 2026 High Yield Corporate Bond ETF
  BSJR    Invesco BulletShares 2027 High Yield Corporate Bond ETF
  BSJS    Invesco BulletShares 2028 High Yield Corporate Bond ETF
  BSJT    Invesco BulletShares 2029 High Yield Corporate Bond ETF
  BSMM    Invesco BulletShares 2022 Municipal Bond ETF
  BSMN    Invesco BulletShares 2023 Municipal Bond ETF
  BSMO    Invesco BulletShares 2024 Municipal Bond ETF
  BSMP    Invesco BulletShares 2025 Municipal Bond ETF
  BSMQ    Invesco BulletShares 2026 Municipal Bond ETF
  BSMR    Invesco BulletShares 2027 Municipal Bond ETF
  BSMS    Invesco BulletShares 2028 Municipal Bond ETF
  BSMT    Invesco BulletShares 2029 Municipal Bond ETF
  BSMU    Invesco BulletShares 2030 Municipal Bond ETF
  BSMV    Invesco BulletShares 2031 Municipal Bond ETF
  BSBE    Invesco BulletShares 2022 USD Emerging Markets Debt ETF
  BSCE    Invesco BulletShares 2023 USD Emerging Markets Debt ETF
  BSDE    Invesco BulletShares 2024 USD Emerging Markets Debt ETF


 

 

Table of Contents

 

Schedules of Investments

  

Invesco BulletShares 2022 Corporate Bond ETF (BSCM)

     3  

Invesco BulletShares 2023 Corporate Bond ETF (BSCN)

     9  

Invesco BulletShares 2024 Corporate Bond ETF (BSCO)

     16  

Invesco BulletShares 2025 Corporate Bond ETF (BSCP)

     23  

Invesco BulletShares 2026 Corporate Bond ETF (BSCQ)

     31  

Invesco BulletShares 2027 Corporate Bond ETF (BSCR)

     38  

Invesco BulletShares 2028 Corporate Bond ETF (BSCS)

     44  

Invesco BulletShares 2029 Corporate Bond ETF (BSCT)

     49  

Invesco BulletShares 2030 Corporate Bond ETF (BSCU)

     54  

Invesco BulletShares 2031 Corporate Bond ETF (BSCV)

     59  

Invesco BulletShares 2022 High Yield Corporate Bond ETF (BSJM)

     64  

Invesco BulletShares 2023 High Yield Corporate Bond ETF (BSJN)

     68  

Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO)

     73  

Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP)

     77  

Invesco BulletShares 2026 High Yield Corporate Bond ETF (BSJQ)

     82  

Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR)

     88  

Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS)

     93  

Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT)

     98  

Invesco BulletShares 2022 Municipal Bond ETF (BSMM)

     104  

Invesco BulletShares 2023 Municipal Bond ETF (BSMN)

     111  

Invesco BulletShares 2024 Municipal Bond ETF (BSMO)

     121  

Invesco BulletShares 2025 Municipal Bond ETF (BSMP)

     133  

Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)

     143  

Invesco BulletShares 2027 Municipal Bond ETF (BSMR)

     152  

Invesco BulletShares 2028 Municipal Bond ETF (BSMS)

     158  

Invesco BulletShares 2029 Municipal Bond ETF (BSMT)

     164  

Invesco BulletShares 2030 Municipal Bond ETF (BSMU)

     171  

Invesco BulletShares 2031 Municipal Bond ETF (BSMV)

     175  

Invesco BulletShares 2022 USD Emerging Markets Debt ETF (BSBE)

     179  

Invesco BulletShares 2023 USD Emerging Markets Debt ETF (BSCE)

     183  

Invesco BulletShares 2024 USD Emerging Markets Debt ETF (BSDE)

     187  

Statements of Assets and Liabilities

     190  

Statements of Operations

     196  

Statements of Changes in Net Assets

     202  

Financial Highlights

     213  

Notes to Financial Statements

     244  

Fund Expenses

     260  

Approval of Investment Advisory Contracts

     263  

 

 

  2  

 

 

 

 

 

 

 


 

Invesco BulletShares 2022 Corporate Bond ETF (BSCM)

February 28, 2022

(Unaudited)

 

Schedule of Investments(a)

 

     Principal
    Amount    
           Value        

U.S. Dollar Denominated Bonds & Notes-95.46%

 

Aerospace & Defense-0.42%

     

General Dynamics Corp., 2.25%, 11/15/2022

   $ 9,525,000      $ 9,596,702  
     

 

 

 

Air Freight & Logistics-0.69%

     

United Parcel Service, Inc.

     

2.35%, 05/16/2022

     5,230,000        5,225,986  

2.45%, 10/01/2022

     10,370,000        10,456,148  
     

 

 

 
        15,682,134  
     

 

 

 

Automobiles-4.23%

     

American Honda Finance Corp.

     

1.95%, 05/20/2022

     6,143,000        6,156,385  

2.20%, 06/27/2022

     7,938,000        7,971,748  

0.40%, 10/21/2022

     4,722,000        4,705,852  

2.60%, 11/16/2022

     5,264,000        5,318,472  

General Motors Financial Co., Inc.

     

3.45%, 04/10/2022

     12,477,000        12,502,070  

3.15%, 06/30/2022

     11,774,000        11,838,812  

Toyota Motor Corp. (Japan), 2.16%, 07/02/2022

     4,606,000        4,626,509  

Toyota Motor Credit Corp.

     

1.15%, 05/26/2022

     10,627,000        10,634,036  

2.80%, 07/13/2022

     4,881,000        4,915,649  

0.45%, 07/22/2022

     7,357,000        7,342,949  

2.15%, 09/08/2022

     8,678,000        8,727,413  

0.35%, 10/14/2022

     10,952,000        10,906,216  
     

 

 

 
        95,646,111  
     

 

 

 

Banks-18.84%

     

Bank of Montreal (Canada)

     

2.35%, 09/11/2022

     10,436,000        10,514,353  

2.55%, 11/06/2022

     9,293,000        9,365,832  

Bank of Nova Scotia (The) (Canada)

     

2.70%, 03/07/2022

     15,341,000        15,345,254  

2.45%, 09/19/2022

     9,357,000        9,421,241  

Barclays Bank PLC (United Kingdom), 7.63%, 11/21/2022

     15,072,000        15,629,399  

Canadian Imperial Bank of Commerce (Canada), 2.55%, 06/16/2022

     9,361,000        9,410,495  

Citigroup, Inc.

     

2.75%, 04/25/2022

     19,746,000        19,773,905  

4.05%, 07/30/2022

     8,108,000        8,210,721  

2.70%, 10/27/2022

     17,983,000        18,139,525  

Citizens Bank N.A., 2.65%, 05/26/2022

     5,002,000        5,016,154  

Fifth Third Bancorp, 2.60%, 06/15/2022

     7,427,000        7,451,516  

First Republic Bank, 2.50%, 06/06/2022

     5,163,000        5,175,233  

HSBC Holdings PLC (United Kingdom), 4.00%, 03/30/2022

     12,249,000        12,277,727  

Huntington National Bank (The), 2.50%, 08/07/2022

     6,802,000        6,839,482  

JPMorgan Chase & Co., 3.25%, 09/23/2022

     30,572,000        30,950,612  

KeyBank N.A.

     

2.40%, 06/09/2022

     5,729,000        5,755,275  

2.30%, 09/14/2022

     7,450,000        7,503,904  

Manufacturers and Traders Trust Co., 2.50%, 05/18/2022

     7,102,000        7,117,497  

 

 

 

     Principal
    Amount    
           Value        

Banks-(continued)

     

Mitsubishi UFJ Financial Group, Inc. (Japan)

     

2.62%, 07/18/2022

   $ 22,900,000      $ 23,046,244  

2.67%, 07/25/2022

     20,828,000        20,968,635  

Mizuho Financial Group, Inc. (Japan), 2.60%, 09/11/2022

     9,380,000        9,457,089  

MUFG Union Bank N.A., 2.10%, 12/09/2022

     7,050,000        7,095,623  

NatWest Group PLC (United Kingdom), 6.13%, 12/15/2022

     12,300,000        12,716,370  

People’s United Financial, Inc., 3.65%, 12/06/2022

     4,687,000        4,745,659  

PNC Bank N.A.

     

2.88%, 06/29/2022

     7,300,000        7,334,353  

2.45%, 07/28/2022

     7,270,000        7,305,412  

2.70%, 11/01/2022

     9,823,000        9,918,067  

PNC Financial Services Group, Inc. (The), 2.85%, 11/09/2022(b)

     4,682,000        4,739,021  

Skandinaviska Enskilda Banken AB (Sweden), 2.80%, 03/11/2022

     3,651,000        3,653,238  

Sumitomo Mitsui Banking Corp. (Japan), 3.20%, 07/18/2022

     7,385,000        7,445,870  

Sumitomo Mitsui Financial Group, Inc. (Japan)

     

2.78%, 07/12/2022

     19,769,000        19,898,088  

2.78%, 10/18/2022

     12,123,000        12,253,916  

Synchrony Bank, 3.00%, 06/15/2022

     8,045,000        8,079,666  

Truist Bank, 2.45%, 08/01/2022

     9,667,000        9,716,092  

Truist Financial Corp., 2.75%, 04/01/2022

     9,356,000        9,356,000  

U.S. Bancorp, 2.95%, 07/15/2022

     12,974,000        13,056,184  

Wells Fargo & Co.

     

3.50%, 03/08/2022

     14,343,000        14,349,165  

2.63%, 07/22/2022

     17,097,000        17,211,417  
     

 

 

 
        426,244,234  
     

 

 

 

Beverages-1.73%

     

Diageo Investment Corp. (United Kingdom), 2.88%, 05/11/2022

     9,519,000        9,557,682  

Molson Coors Beverage Co., 3.50%, 05/01/2022

     4,661,000        4,683,745  

PepsiCo, Inc.

     

2.75%, 03/05/2022

     11,496,000        11,498,045  

2.25%, 05/02/2022

     5,624,000        5,631,945  

3.10%, 07/17/2022

     7,649,000        7,683,701  
     

 

 

 
        39,055,118  
     

 

 

 

Biotechnology-3.87%

     

AbbVie, Inc.

     

2.90%, 11/06/2022

     29,200,000        29,498,872  

3.20%, 11/06/2022

     9,358,000        9,444,581  

2.30%, 11/21/2022

     28,719,000        28,913,425  

Biogen, Inc., 3.63%, 09/15/2022

     9,533,000        9,648,918  

Gilead Sciences, Inc., 3.25%, 09/01/2022

     9,908,000        9,989,262  
     

 

 

 
        87,495,058  
     

 

 

 

 

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

 

 

  3  

 

 

 

 

 

 

 


 

Invesco BulletShares 2022 Corporate Bond ETF (BSCM)–(continued)

February 28, 2022

(Unaudited)

 

     Principal
    Amount    
           Value        

Capital Markets-6.45%

     

Bank of New York Mellon Corp. (The), 1.95%, 08/23/2022

   $ 9,410,000      $ 9,455,807  

BlackRock, Inc., 3.38%, 06/01/2022

     7,097,000        7,145,399  

CME Group, Inc., 3.00%, 09/15/2022

     7,099,000        7,175,571  

Credit Suisse AG (Switzerland), 2.80%, 04/08/2022

     15,650,000        15,686,143  

Deutsche Bank AG (Germany), 3.30%, 11/16/2022

     10,609,000        10,725,945  

Morgan Stanley

     

2.75%, 05/19/2022

     30,578,000        30,702,258  

4.88%, 11/01/2022

     20,831,000        21,311,600  

Morgan Stanley Domestic Holdings, Inc., 2.95%, 08/24/2022

     6,027,000        6,072,530  

Nasdaq, Inc., 0.45%, 12/21/2022

     5,608,000        5,574,412  

Northern Trust Corp., 2.38%, 08/02/2022

     4,686,000        4,717,244  

TD Ameritrade Holding Corp., 2.95%, 04/01/2022

     7,116,000        7,129,679  

UBS AG (Switzerland), 7.63%, 08/17/2022

     19,829,000        20,306,824  
     

 

 

 
        146,003,412  
     

 

 

 

Chemicals-1.15%

     

Celanese US Holdings LLC, 4.63%, 11/15/2022

     4,686,000        4,795,981  

Eastman Chemical Co., 3.60%, 08/15/2022

     7,087,000        7,125,427  

Linde, Inc., 2.20%, 08/15/2022

     3,716,000        3,726,175  

Mosaic Co. (The), 3.25%, 11/15/2022

     5,144,000        5,210,096  

Syngenta Finance N.V. (Switzerland), 3.13%, 03/28/2022

     5,187,000        5,193,603  
     

 

 

 
        26,051,282  
     

 

 

 

Commercial Services & Supplies-0.46%

 

  

Cintas Corp. No. 2, 2.90%, 04/01/2022

     5,798,000        5,807,690  

Waste Management, Inc., 2.90%, 09/15/2022

     4,678,000        4,702,969  
     

 

 

 
        10,510,659  
     

 

 

 

Communications Equipment-0.65%

     

Cisco Systems, Inc., 3.00%, 06/15/2022

     5,195,000        5,230,313  

Telefonaktiebolaget LM Ericsson (Sweden), 4.13%, 05/15/2022

     9,455,000        9,502,133  
     

 

 

 
        14,732,446  
     

 

 

 

Consumer Finance-2.06%

     

American Express Co.

     

2.50%, 08/01/2022

     17,797,000        17,891,427  

2.65%, 12/02/2022

     13,736,000        13,881,481  

Capital One N.A.

     

2.65%, 08/08/2022

     4,000,000        4,019,211  

2.15%, 09/06/2022

     5,999,000        6,033,900  

Discover Financial Services, 3.85%, 11/21/2022

     4,683,000        4,765,974  
     

 

 

 
        46,591,993  
     

 

 

 

Diversified Consumer Services-0.21%

 

  

Block Financial LLC, 5.50%, 11/01/2022

     4,716,000        4,750,547  
     

 

 

 
     Principal
    Amount    
           Value        

Diversified Financial Services-0.53%

     

AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland), 4.63%, 07/01/2022

   $ 4,775,000      $ 4,829,232  

ORIX Corp. (Japan), 2.90%, 07/18/2022

     7,040,000        7,093,163  
     

 

 

 
        11,922,395  
     

 

 

 

Diversified Telecommunication Services-1.32%

 

  

AT&T, Inc.

     

3.00%, 06/30/2022

     18,612,000        18,672,971  

2.63%, 12/01/2022

     11,042,000        11,118,629  
     

 

 

 
        29,791,600  
     

 

 

 

Electric Utilities-3.71%

     

Constellation Energy Generation LLC

     

3.40%, 03/15/2022

     5,501,000        5,505,259  

4.25%, 06/15/2022

     5,009,000        5,015,479  

Duke Energy Corp.

     

2.40%, 08/15/2022

     4,963,000        4,990,150  

3.05%, 08/15/2022

     5,845,000        5,870,278  

Duke Energy Progress LLC, 2.80%, 05/15/2022

     4,649,000        4,658,155  

Entergy Corp., 4.00%, 07/15/2022

     6,382,000        6,419,019  

Eversource Energy, Series K, 2.75%, 03/15/2022

     5,524,000        5,527,732  

Exelon Corp., 3.50%, 06/01/2022

     11,201,000        11,236,909  

ITC Holdings Corp., 2.70%, 11/15/2022 .

     6,171,000        6,224,537  

Oncor Electric Delivery Co. LLC, 7.00%, 09/01/2022

     4,544,000        4,660,942  

Pacific Gas and Electric Co., 1.75%, 06/16/2022

     23,780,000        23,761,321  
     

 

 

 
        83,869,781  
     

 

 

 

Electrical Equipment-1.29%

     

ABB Finance USA, Inc. (Switzerland), 2.88%, 05/08/2022

     11,756,000        11,791,801  

Eaton Corp., 2.75%, 11/02/2022

     17,197,000        17,369,268  
     

 

 

 
        29,161,069  
     

 

 

 

Electronic Equipment, Instruments & Components-0.47%

 

CDW LLC/CDW Finance Corp., 4.13%, 05/01/2025

     5,674,000        5,757,266  

Jabil, Inc., 4.70%, 09/15/2022

     4,740,000        4,828,182  
     

 

 

 
        10,585,448  
     

 

 

 

Entertainment-0.84%

     

TWDC Enterprises 18 Corp.

     

2.45%, 03/04/2022

     4,663,000        4,663,489  

2.35%, 12/01/2022

     9,547,000        9,631,047  

Walt Disney Co. (The), 1.65%, 09/01/2022

     4,677,000        4,696,559  
     

 

 

 
        18,991,095  
     

 

 

 

Equity REITs-1.60%

     

Kimco Realty Corp., 3.40%, 11/01/2022

     6,704,000        6,785,324  

MPT Operating Partnership L.P./MPT Finance Corp.

     

5.25%, 08/01/2026

     4,800,000        4,901,424  

5.00%, 10/15/2027

     14,313,000        14,641,054  

 

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

 

 

  4  

 

 

 

 

 

 

 


 

Invesco BulletShares 2022 Corporate Bond ETF (BSCM)–(continued)

February 28, 2022

(Unaudited)

 

     Principal
    Amount    
           Value        

Equity REITs-(continued)

     

Public Storage, 2.37%, 09/15/2022

   $ 4,800,000      $ 4,825,630  

SL Green Operating Partnership L.P., 3.25%, 10/15/2022

     5,073,000        5,122,540  
     

 

 

 
        36,275,972  
     

 

 

 

Food & Staples Retailing-0.89%

     

Walgreen Co., 3.10%, 09/15/2022

     8,109,000        8,182,404  

Walmart, Inc., 2.35%, 12/15/2022

     11,782,000        11,910,813  
     

 

 

 
        20,093,217  
     

 

 

 

Food Products-1.27%

     

General Mills, Inc., 2.60%, 10/12/2022

     4,680,000        4,712,666  

McCormick & Co., Inc., 2.70%, 08/15/2022

     7,096,000        7,139,011  

Mondelez International, Inc., 0.63%, 07/01/2022

     9,526,000        9,510,817  

Tyson Foods, Inc., 4.50%, 06/15/2022

     7,356,000        7,351,431  
     

 

 

 
        28,713,925  
     

 

 

 

Health Care Equipment & Supplies-0.96%

 

  

Abbott Laboratories, 2.55%, 03/15/2022

     8,055,000        8,061,602  

DH Europe Finance II S.a.r.l., 2.05%, 11/15/2022

     6,543,000        6,578,848  

Zimmer Biomet Holdings, Inc., 3.15%, 04/01/2022

     7,107,000        7,114,017  
     

 

 

 
        21,754,467  
     

 

 

 

Health Care Providers & Services-5.02%

 

  

Aetna, Inc., 2.75%, 11/15/2022

     9,863,000        9,926,656  

Anthem, Inc.

     

3.13%, 05/15/2022

     8,150,000        8,188,443  

2.95%, 12/01/2022

     7,096,000        7,178,892  

Centene Corp., 4.25%, 12/15/2027

     23,755,000        24,345,906  

CommonSpirit Health, 2.95%, 11/01/2022

     4,662,000        4,714,248  

CVS Health Corp.

     

3.50%, 07/20/2022

     14,243,000        14,313,959  

2.75%, 12/01/2022

     11,699,000        11,787,920  

Humana, Inc., 3.15%, 12/01/2022

     5,418,000        5,469,969  

UnitedHealth Group, Inc.

     

2.88%, 03/15/2022

     9,185,000        9,193,537  

3.35%, 07/15/2022

     9,830,000        9,914,727  

2.38%, 10/15/2022

     8,523,000        8,590,405  
     

 

 

 
        113,624,662  
     

 

 

 

Hotels, Restaurants & Leisure-0.76%

     

Hyatt Hotels Corp., 1.80%, 10/01/2024

     7,100,000        6,957,089  

Starbucks Corp.

     

1.30%, 05/07/2022

     4,883,000        4,885,990  

2.70%, 06/15/2022

     5,453,000        5,464,014  
     

 

 

 
        17,307,093  
     

 

 

 

Household Durables-0.54%

     

Lennar Corp., 4.75%, 11/15/2022

     6,375,000        6,467,535  

NVR, Inc., 3.95%, 09/15/2022

     5,657,000        5,705,438  
     

 

 

 
        12,172,973  
     

 

 

 
     Principal
    Amount    
           Value        

Household Products-0.77%

     

Clorox Co. (The), 3.05%, 09/15/2022

   $ 5,655,000      $ 5,689,568  

Procter & Gamble Co. (The), 2.15%, 08/11/2022

     11,727,000        11,790,117  
     

 

 

 
        17,479,685  
     

 

 

 

Industrial Conglomerates-1.16%

     

3M Co., 2.00%, 06/26/2022

     6,385,000        6,406,942  

General Electric Co.

     

3.15%, 09/07/2022

     5,100,000        5,156,262  

2.70%, 10/09/2022

     6,300,000        6,361,635  

Honeywell International, Inc., 0.48%, 08/19/2022

     3,542,000        3,538,211  

Roper Technologies, Inc., 3.13%, 11/15/2022

     4,680,000        4,724,514  
     

 

 

 
        26,187,564  
     

 

 

 

Insurance-0.92%

     

Aon Corp., 2.20%, 11/15/2022

     4,670,000        4,696,747  

Berkshire Hathaway Finance Corp., 3.00%, 05/15/2022

     6,107,000        6,136,962  

Chubb INA Holdings, Inc., 2.88%, 11/03/2022

     9,845,000        9,939,093  
     

 

 

 
        20,772,802  
     

 

 

 

Internet & Direct Marketing Retail-0.88%

 

  

Amazon.com, Inc., 2.50%, 11/29/2022

     12,478,000        12,598,458  

eBay, Inc., 2.60%, 07/15/2022

     7,257,000        7,274,651  
     

 

 

 
        19,873,109  
     

 

 

 

IT Services-3.13%

     

Fiserv, Inc., 3.50%, 10/01/2022

     6,646,000        6,684,917  

International Business Machines Corp.

     

1.88%, 08/01/2022

     9,500,000        9,536,649  

2.88%, 11/09/2022

     8,510,000        8,612,237  

PayPal Holdings, Inc., 2.20%, 09/26/2022

     9,551,000        9,620,674  

VeriSign, Inc., 4.75%, 07/15/2027

     5,209,000        5,381,184  

Visa, Inc.

     

2.15%, 09/15/2022

     9,550,000        9,612,068  

2.80%, 12/14/2022

     21,132,000        21,370,457  
     

 

 

 
        70,818,186  
     

 

 

 

Machinery-2.91%

     

Caterpillar Financial Services Corp.

     

0.95%, 05/13/2022

     12,055,000        12,059,897  

2.85%, 06/01/2022

     5,032,000        5,057,605  

2.40%, 06/06/2022

     4,136,000        4,154,839  

1.90%, 09/06/2022

     7,124,000        7,155,813  

1.95%, 11/18/2022

     7,120,000        7,161,487  

2.55%, 11/29/2022

     5,658,000        5,720,821  

CNH Industrial Capital LLC, 4.38%, 04/05/2022

     4,683,000        4,697,788  

Deere & Co., 2.60%, 06/08/2022

     9,698,000        9,712,562  

John Deere Capital Corp.

     

2.75%, 03/15/2022

     4,336,000        4,338,953  

2.15%, 09/08/2022

     5,656,000        5,689,619  
     

 

 

 
        65,749,384  
     

 

 

 

 

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

 

 

  5  

 

 

 

 

 

 

 


 

Invesco BulletShares 2022 Corporate Bond ETF (BSCM)–(continued)

February 28, 2022

(Unaudited)

 

     Principal
    Amount    
           Value        

Media-1.83%

     

Charter Communications Operating LLC/ Charter Communications Operating Capital Corp., 4.46%, 07/23/2022

   $ 30,464,000      $ 30,690,525  

Comcast Cable Communications Holdings, Inc., 9.46%, 11/15/2022

     10,183,000        10,769,654  
     

 

 

 
        41,460,179  
     

 

 

 

Metals & Mining-0.25%

     

Nucor Corp., 4.13%, 09/15/2022

     5,626,000        5,674,991  
     

 

 

 

Multi-Utilities-0.84%

     

DTE Energy Co.

     

2.25%, 11/01/2022

     5,287,000        5,320,308  

Series H, 0.55%, 11/01/2022

     7,120,000        7,086,955  

Public Service Enterprise Group, Inc., 2.65%, 11/15/2022

     6,536,000        6,589,649  
     

 

 

 
        18,996,912  
     

 

 

 

Oil, Gas & Consumable Fuels-4.51%

     

BP Capital Markets PLC (United Kingdom), 2.50%, 11/06/2022

     10,462,000        10,545,309  

Chevron Corp., 2.36%, 12/05/2022

     19,022,000        19,156,268  

Enbridge, Inc. (Canada), 2.90%, 07/15/2022

     7,019,991        7,056,110  

Energy Transfer L.P./Regency Energy Finance Corp., 5.00%, 10/01/2022

     7,360,000        7,448,140  

Exxon Mobil Corp., 1.90%, 08/16/2022

     7,130,000        7,166,216  

Kinder Morgan Energy Partners L.P., 3.95%, 09/01/2022

     9,454,000        9,513,372  

ONEOK Partners L.P., 3.38%, 10/01/2022

     8,538,000        8,597,306  

Phillips 66, 4.30%, 04/01/2022

     10,318,000        10,345,982  

Plains All American Pipeline L.P./PAA Finance Corp., 3.65%, 06/01/2022

     5,525,000        5,525,000  

TransCanada PipeLines Ltd. (Canada), 2.50%, 08/01/2022

     9,461,000        9,507,648  

Williams Cos., Inc. (The), 3.35%, 08/15/2022

     7,094,000        7,128,091  
     

 

 

 
        101,989,442  
     

 

 

 

Personal Products-0.59%

     

Unilever Capital Corp. (United Kingdom)

     

3.00%, 03/07/2022

     5,354,000        5,356,194  

2.20%, 05/05/2022

     8,050,000        8,061,907  
     

 

 

 
        13,418,101  
     

 

 

 

Pharmaceuticals-4.14%

     

AstraZeneca PLC (United Kingdom), 2.38%, 06/12/2022

     9,508,000        9,537,876  

Bristol-Myers Squibb Co.

     

2.00%, 08/01/2022

     7,008,000        7,031,473  

3.25%, 08/15/2022

     8,235,000        8,321,252  

Eli Lilly and Co., 2.35%, 05/15/2022

     7,119,000        7,141,759  

GlaxoSmithKline Capital PLC (United Kingdom), 2.85%, 05/08/2022

     20,172,000        20,235,507  

Johnson & Johnson, 2.25%, 03/03/2022

     8,130,000        8,130,214  

Merck & Co., Inc., 2.40%, 09/15/2022

     9,525,000        9,569,504  
     Principal
    Amount    
           Value        

Pharmaceuticals-(continued)

     

Novartis Capital Corp. (Switzerland)

     

2.40%, 05/17/2022

   $ 9,523,000      $ 9,544,394  

2.40%, 09/21/2022

     14,081,000        14,184,039  
     

 

 

 
        93,696,018  
     

 

 

 

Professional Services-0.22%

     

Equifax, Inc., 3.30%, 12/15/2022

     4,961,000        5,016,089  
     

 

 

 

Road & Rail-0.86%

     

Burlington Northern Santa Fe LLC, 3.05%, 09/01/2022

     6,410,000        6,440,385  

Norfolk Southern Corp., 3.00%, 04/01/2022

     5,843,000        5,852,111  

Union Pacific Corp., 4.16%, 07/15/2022

     7,151,000        7,176,210  
     

 

 

 
        19,468,706  
     

 

 

 

Semiconductors & Semiconductor Equipment-2.82%

 

  

Intel Corp.

     

2.35%, 05/11/2022

     6,828,000        6,842,612  

3.10%, 07/29/2022

     11,592,000        11,706,791  

2.70%, 12/15/2022

     13,624,000        13,802,004  

Microchip Technology, Inc., 4.25%, 09/01/2025

     11,445,000        11,798,412  

QUALCOMM, Inc., 3.00%, 05/20/2022

     14,960,000        14,989,039  

Texas Instruments, Inc., 1.85%, 05/15/2022

     4,676,000        4,681,967  
     

 

 

 
        63,820,825  
     

 

 

 

Software-2.90%

     

Microsoft Corp.

     

2.65%, 11/03/2022

     10,432,000        10,543,695  

2.13%, 11/15/2022

     7,492,000        7,561,747  

Oracle Corp.

     

2.50%, 05/15/2022

     23,710,000        23,736,347  

2.50%, 10/15/2022

     23,573,000        23,759,188  
     

 

 

 
        65,600,977  
     

 

 

 

Specialty Retail-0.85%

     

Home Depot, Inc. (The), 2.63%, 06/01/2022

     11,851,000        11,889,428  

Lowe’s Cos., Inc., 3.12%, 04/15/2022

     7,410,000        7,423,847  
     

 

 

 
        19,313,275  
     

 

 

 

Technology Hardware, Storage & Peripherals-2.62%

 

  

Apple, Inc.

     

2.30%, 05/11/2022

     8,691,000        8,711,969  

2.70%, 05/13/2022

     12,006,000        12,054,661  

1.70%, 09/11/2022

     9,454,000        9,500,342  

2.10%, 09/12/2022

     9,461,000        9,518,720  

Hewlett Packard Enterprise Co., 4.40%, 10/15/2022

     14,106,000        14,314,827  

HP, Inc., 4.05%, 09/15/2022

     5,140,000        5,230,681  
     

 

 

 
        59,331,200  
     

 

 

 

Textiles, Apparel & Luxury Goods-0.42%

 

  

Ralph Lauren Corp., 1.70%, 06/15/2022

     4,686,000        4,695,272  

VF Corp., 2.05%, 04/23/2022

     4,796,000        4,804,725  
     

 

 

 
        9,499,997  
     

 

 

 

Tobacco-1.58%

     

Altria Group, Inc., 2.85%, 08/09/2022

     12,540,000        12,627,397  

 

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

 

 

  6  

 

 

 

 

 

 

 


 

Invesco BulletShares 2022 Corporate Bond ETF (BSCM)–(continued)

February 28, 2022

(Unaudited)

 

     Principal
    Amount    
           Value        

Tobacco-(continued)

     

Philip Morris International, Inc.

     

2.38%, 08/17/2022

   $ 7,128,000      $ 7,166,115  

2.50%, 08/22/2022

     7,170,000        7,222,142  

2.50%, 11/02/2022

     8,718,000        8,785,316  
     

 

 

 
        35,800,970  
     

 

 

 

Trading Companies & Distributors-0.89%

 

Air Lease Corp., 2.63%, 07/01/2022

     5,632,000        5,646,424  

International Lease Finance Corp., 5.88%, 08/15/2022

     7,089,000        7,227,995  

United Rentals North America, Inc., 3.88%, 11/15/2027

     7,120,000        7,251,720  
     

 

 

 
        20,126,139  
     

 

 

 

Wireless Telecommunication Services-0.41%

 

  

T-Mobile USA, Inc., 5.38%, 04/15/2027

     4,671,000        4,816,829  

Vodafone Group PLC (United Kingdom), 2.50%, 09/26/2022

     4,420,000        4,450,583  
     

 

 

 
        9,267,412  
     

 

 

 

Total U.S. Dollar Denominated Bonds & Notes
(Cost $2,158,022,283)

 

     2,159,985,356  
     

 

 

 
     Shares      Value  

Money Market Funds-6.96%

     

Invesco Government & Agency Portfolio, Institutional Class, 0.03%(c)(d)
(Cost $157,429,122)

     157,429,122      $ 157,429,122  
     

 

 

 

TOTAL INVESTMENTS IN SECURITIES-102.42%
(Cost $2,315,451,405)

 

     2,317,414,478  

OTHER ASSETS LESS LIABILITIES-(2.42)%

 

     (54,776,313
     

 

 

 

NET ASSETS-100.00%

 

   $ 2,262,638,165  
     

 

 

 

 

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) 

Step coupon bond. The interest rate represents the coupon rate at which the bond will accrue at a specified future date.

(c) 

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

 

    Value
August 31, 2021
  Purchases
at Cost
  Proceeds
from Sales
  Change in
Unrealized
Appreciation
  Realized
Gain
(Loss)
  Value
February 28, 2022
  Dividend
Income

Investments in Affiliated Money Market Funds:

                                   

Invesco Government & Agency Portfolio, Institutional Class

    $ 16,446,920         $ 551,863,557     $ (410,881,355 )     $ -     $ -     $ 157,429,122         $ 11,139

Investments Purchased with Cash Collateral from Securities on Loan:

                                   

Invesco Private Government Fund

      20,174,801           34,707,555       (54,882,356 )       -       -       -           1,537 *

Invesco Private Prime Fund

      47,074,537           73,764,945       (120,830,835 )       -       (8,647 )       -           18,891 *
   

 

 

         

 

 

     

 

 

     

 

 

     

 

 

     

 

 

         

 

 

 

Total

    $ 83,696,258         $ 660,336,057     $ (586,594,546 )     $ -     $ (8,647 )     $ 157,429,122         $ 31,567
   

 

 

         

 

 

     

 

 

     

 

 

     

 

 

     

 

 

         

 

 

 

 

*

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.

 

(d) 

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

 

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

 

 

  7  

 

 

 

 

 

 

 


 

Invesco BulletShares 2022 Corporate Bond ETF (BSCM)–(continued)

February 28, 2022

(Unaudited)

 

Portfolio Composition

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

as of February 28, 2022

     

Financials

     28.80     

Health Care

     13.99     

Information Technology

     12.59     

Industrials

     8.90     

Consumer Discretionary

     7.89     

Consumer Staples

     6.83     

Utilities

     4.55     

Energy

     4.51     

Communication Services

     4.40     

Sector Types Each Less Than 3%

     3.00     

Money Market Funds Plus Other Assets Less Liabilities

     4.54     

 

 

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

 

 

  8  

 

 

 

 

 

 

 


 

Invesco BulletShares 2023 Corporate Bond ETF (BSCN)

February 28, 2022

(Unaudited)

 

Schedule of Investments(a)

 

         Principal             
     Amount            Value        

U.S. Dollar Denominated Bonds & Notes-99.07%

 

Aerospace & Defense-2.41%

     

Boeing Co. (The)

     

1.17%, 02/04/2023

   $ 8,846,000      $ 8,780,169  

4.51%, 05/01/2023

     19,985,000        20,548,565  

General Dynamics Corp.

     

3.38%, 05/15/2023

     5,026,000        5,133,243  

1.88%, 08/15/2023

     3,341,000        3,352,924  

Lockheed Martin Corp., 3.10%, 01/15/2023(b)

     3,300,000        3,343,576  

Northrop Grumman Corp., 3.25%, 08/01/2023

     7,006,000        7,160,519  

Precision Castparts Corp., 2.50%, 01/15/2023

     6,637,000        6,691,907  
     

 

 

 
        55,010,903  
     

 

 

 

Air Freight & Logistics-0.29%

     

United Parcel Service, Inc., 2.50%, 04/01/2023

     6,628,000        6,699,245  
     

 

 

 

Airlines-0.52%

     

Delta Air Lines, Inc., 3.80%, 04/19/2023(b)

     3,320,000        3,348,934  

Southwest Airlines Co., 4.75%, 05/04/2023

     8,303,000        8,586,872  
     

 

 

 
        11,935,806  
     

 

 

 

Automobiles-6.18%

     

American Honda Finance Corp.

     

2.05%, 01/10/2023

     4,983,000        5,017,555  

1.95%, 05/10/2023

     5,556,000        5,586,504  

0.88%, 07/07/2023

     8,300,000        8,227,239  

3.45%, 07/14/2023

     3,322,000        3,400,617  

0.65%, 09/08/2023(b)

     4,933,000        4,878,184  

General Motors Co.

     

4.88%, 10/02/2023

     10,263,000        10,724,830  

5.40%, 10/02/2023

     6,702,000        7,048,144  

General Motors Financial Co., Inc.

     

3.25%, 01/05/2023

     5,586,000        5,662,634  

3.70%, 05/09/2023

     7,972,000        8,120,843  

4.25%, 05/15/2023(b)

     5,432,000        5,593,109  

4.15%, 06/19/2023

     6,587,000        6,759,032  

1.70%, 08/18/2023(b)

     8,228,000        8,201,399  

Stellantis N.V., 5.25%, 04/15/2023(b)

     9,670,000        10,009,610  

Toyota Motor Corp. (Japan), 3.42%, 07/20/2023

     5,023,000        5,147,919  

Toyota Motor Credit Corp.

     

2.63%, 01/10/2023

     4,706,000        4,766,495  

2.70%, 01/11/2023(b)

     4,029,000        4,080,043  

2.90%, 03/30/2023

     11,456,000        11,644,704  

0.40%, 04/06/2023(b)

     6,571,000        6,501,188  

0.50%, 08/14/2023

     9,378,000        9,248,019  

1.35%, 08/25/2023

     7,040,000        7,021,911  

2.25%, 10/18/2023

     3,294,000        3,319,674  
     

 

 

 
        140,959,653  
     

 

 

 

Banks-16.45%

     

Banco Santander S.A. (Spain), 3.85%, 04/12/2023

     8,700,000        8,865,448  

 

 

         Principal             
     Amount            Value        

Banks-(continued)

     

Bank of America Corp.

     

3.30%, 01/11/2023

   $ 28,074,000      $ 28,557,062  

4.10%, 07/24/2023

     13,210,000        13,659,927  

Bank of Montreal (Canada), 0.45%, 12/08/2023(b)

     6,046,000        5,894,699  

Bank of Nova Scotia (The) (Canada), 0.40%, 09/15/2023(b)

     7,200,000        7,050,256  

Canadian Imperial Bank of Commerce (Canada), 3.50%, 09/13/2023(b)

     6,674,000        6,876,045  

Citigroup, Inc.

     

3.50%, 05/15/2023(b)

     8,260,000        8,455,652  

3.88%, 10/25/2023

     6,432,000        6,643,453  

Citizens Bank N.A., 3.70%, 03/29/2023

     3,304,000        3,371,556  

Comerica, Inc., 3.70%, 07/31/2023

     5,616,000        5,764,068  

Cooperatieve Rabobank U.A. (Netherlands)

     

2.75%, 01/10/2023(b)

     7,200,000        7,293,427  

4.63%, 12/01/2023

     3,600,000        3,756,473  

Fifth Third Bancorp, 1.63%, 05/05/2023

     3,300,000        3,297,951  

Fifth Third Bank N.A., 1.80%, 01/30/2023

     4,335,000        4,356,566  

HSBC Holdings PLC (United Kingdom), 3.60%, 05/25/2023

     13,290,000        13,609,476  

Huntington National Bank (The)

     

1.80%, 02/03/2023

     3,182,000        3,184,183  

3.55%, 10/06/2023(b)

     4,780,000        4,914,388  

JPMorgan Chase & Co.

     

3.20%, 01/25/2023(b)

     18,349,000        18,657,003  

3.38%, 05/01/2023

     13,434,000        13,689,289  

2.70%, 05/18/2023

     13,067,000        13,222,674  

KeyBank N.A.

     

3.38%, 03/07/2023

     3,360,000        3,422,201  

1.25%, 03/10/2023(b)

     4,640,000        4,629,960  

M&T Bank Corp., 3.55%, 07/26/2023

     3,305,000        3,386,238  

Mitsubishi UFJ Financial Group, Inc. (Japan)

     

3.46%, 03/02/2023

     9,910,000        10,093,994  

3.76%, 07/26/2023

     14,196,000        14,589,456  

2.53%, 09/13/2023

     3,402,000        3,440,177  

Mizuho Financial Group, Inc. (Japan), 3.55%, 03/05/2023

     5,570,000        5,684,825  

NatWest Group PLC (United Kingdom)

     

6.10%, 06/10/2023

     2,800,000        2,937,076  

3.88%, 09/12/2023

     17,542,000        17,983,674  

6.00%, 12/19/2023

     10,284,000        10,919,574  

PNC Bank N.A.

     

2.95%, 01/30/2023

     4,950,000        5,017,490  

3.50%, 06/08/2023

     4,850,000        4,953,097  

3.80%, 07/25/2023

     5,000,000        5,123,751  

Royal Bank of Canada (Canada), 0.50%, 10/26/2023(b)

     8,190,000        8,030,417  

Santander Holdings USA, Inc., 3.40%, 01/18/2023

     6,915,000        7,019,961  

Sumitomo Mitsui Banking Corp. (Japan)

     

3.00%, 01/18/2023

     3,336,000        3,383,770  

3.95%, 07/19/2023

     4,590,000        4,733,462  

 

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

 

 

  9  

 

 

 

 

 

 

 


 

Invesco BulletShares 2023 Corporate Bond ETF (BSCN)–(continued)

February 28, 2022

(Unaudited)

 

         Principal             
     Amount            Value        

Banks-(continued)

     

Sumitomo Mitsui Financial Group, Inc. (Japan)

     

3.10%, 01/17/2023

   $ 9,910,000      $ 10,052,669  

3.75%, 07/19/2023(b)

     4,699,000        4,824,233  

Toronto-Dominion Bank (The) (Canada), 3.50%, 07/19/2023(b)

     10,568,000        10,850,788  

Truist Bank

     

3.00%, 02/02/2023

     3,305,000        3,343,390  

1.25%, 03/09/2023

     8,260,000        8,249,371  

2.75%, 05/01/2023(b)

     4,031,000        4,079,744  

U.S. Bank N.A.

     

1.95%, 01/09/2023(b)

     5,370,000        5,409,087  

2.85%, 01/23/2023

     5,650,000        5,725,407  

3.40%, 07/24/2023

     8,300,000        8,497,361  

Wells Fargo & Co.

     

4.13%, 08/15/2023

     10,012,000        10,337,336  

Series M, 3.45%, 02/13/2023(b)

     7,153,000        7,274,095  
     

 

 

 
        375,112,200  
     

 

 

 

Beverages-2.06%

     

Constellation Brands, Inc.

     

3.20%, 02/15/2023(b)

     3,841,000        3,885,079  

4.25%, 05/01/2023

     7,056,000        7,257,173  

Diageo Capital PLC (United Kingdom)

     

2.63%, 04/29/2023

     8,972,000        9,070,088  

3.50%, 09/18/2023

     3,303,000        3,390,330  

Keurig Dr Pepper, Inc., 3.13%, 12/15/2023(b)

     3,292,000        3,354,796  

PepsiCo, Inc.

     

2.75%, 03/01/2023

     8,302,000        8,427,831  

0.75%, 05/01/2023

     6,675,000        6,625,487  

0.40%, 10/07/2023

     4,980,000        4,872,054  
     

 

 

 
        46,882,838  
     

 

 

 

Biotechnology-1.88%

     

AbbVie, Inc., 2.85%, 05/14/2023

     6,655,000        6,745,083  

Amgen, Inc., 2.25%, 08/19/2023(b)

     5,001,000        5,056,790  

Gilead Sciences, Inc.

     

2.50%, 09/01/2023

     5,146,000        5,202,764  

0.75%, 09/29/2023

     9,040,000        8,917,326  

Shire Acquisitions Investments Ireland DAC, 2.88%, 09/23/2023(b)

     16,680,000        16,909,995  
     

 

 

 
        42,831,958  
     

 

 

 

Capital Markets-7.93%

     

Ameriprise Financial, Inc., 4.00%, 10/15/2023

     5,005,000        5,171,267  

Ares Capital Corp., 3.50%, 02/10/2023(b)

     4,978,000        5,034,733  

Bank of New York Mellon Corp. (The)

     

1.85%, 01/27/2023

     4,984,000        5,015,238  

2.95%, 01/29/2023

     6,647,000        6,734,256  

3.50%, 04/28/2023

     4,977,000        5,092,003  

3.45%, 08/11/2023

     4,951,000        5,068,562  

2.20%, 08/16/2023(b)

     8,141,000        8,206,397  

0.35%, 12/07/2023(b)

     4,882,000        4,782,464  

Charles Schwab Corp. (The), 2.65%, 01/25/2023

     5,282,000        5,341,896  

Credit Suisse AG (Switzerland)

     

1.00%, 05/05/2023

     13,130,000        13,039,412  

0.52%, 08/09/2023

     9,290,000        9,125,333  
         Principal             
     Amount            Value        

Capital Markets-(continued)

     

Goldman Sachs Group, Inc. (The)

     

3.63%, 01/22/2023(b)

   $ 14,943,000      $ 15,198,194  

3.20%, 02/23/2023

     11,555,000        11,701,585  

0.52%, 03/08/2023

     4,648,000        4,616,698  

1.22%, 12/06/2023

     12,400,000        12,267,534  

Jefferies Financial Group, Inc., 5.50%, 10/18/2023

     3,000,000        3,096,982  

Morgan Stanley

     

3.13%, 01/23/2023

     16,749,000        16,993,656  

3.75%, 02/25/2023

     16,680,000        17,003,229  

4.10%, 05/22/2023

     13,349,000        13,710,509  

State Street Corp.

     

3.10%, 05/15/2023

     6,693,000        6,816,087  

3.70%, 11/20/2023

     6,605,000        6,822,367  
     

 

 

 
        180,838,402  
     

 

 

 

Chemicals-0.98%

     

CF Industries, Inc., 3.45%, 06/01/2023

     3,290,000        3,352,148  

Ecolab, Inc., 0.90%, 12/15/2023(b)

     3,317,000        3,265,039  

Linde, Inc., 2.70%, 02/21/2023(b)

     3,321,000        3,356,377  

LYB International Finance B.V., 4.00%, 07/15/2023

     2,821,000        2,904,245  

Mosaic Co. (The), 4.25%, 11/15/2023

     5,976,000        6,184,263  

Nutrien Ltd. (Canada), 1.90%, 05/13/2023

     3,286,000        3,293,852  
     

 

 

 
        22,355,924  
     

 

 

 

Commercial Services & Supplies-0.15%

 

Waste Management, Inc., 2.40%, 05/15/2023

     3,317,000        3,341,755  
     

 

 

 

Communications Equipment-0.36%

     

Cisco Systems, Inc.

     

2.60%, 02/28/2023(b)

     3,232,000        3,272,977  

2.20%, 09/20/2023(b)

     4,935,000        4,974,396  
     

 

 

 
        8,247,373  
     

 

 

 

Construction Materials-0.20%

     

Martin Marietta Materials, Inc., 0.65%, 07/15/2023(b)

     4,676,000        4,606,293  
     

 

 

 

Consumer Finance-2.89%

     

Ally Financial, Inc.

     

3.05%, 06/05/2023

     5,303,000        5,369,850  

1.45%, 10/02/2023

     8,902,000        8,798,365  

American Express Co.

     

3.40%, 02/27/2023

     10,570,000        10,733,962  

0.75%, 11/03/2023

     5,282,000        5,198,821  

Capital One Bank USA N.A., 3.38%, 02/15/2023

     9,650,000        9,804,848  

Capital One Financial Corp.

     

3.20%, 01/30/2023

     8,297,000        8,414,385  

2.60%, 05/11/2023

     6,642,000        6,701,401  

3.50%, 06/15/2023

     5,536,000        5,664,107  

Discover Bank, 3.35%, 02/06/2023

     5,200,000        5,271,213  
     

 

 

 
        65,956,952  
     

 

 

 

 

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

 

 

  10  

 

 

 

 

 

 

 


 

Invesco BulletShares 2023 Corporate Bond ETF (BSCN)–(continued)

February 28, 2022

(Unaudited)

 

         Principal             
     Amount            Value        

Diversified Financial Services-1.98%

 

AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland)

     

3.30%, 01/23/2023

   $ 3,982,000      $ 4,031,670  

4.13%, 07/03/2023

     4,151,000        4,247,087  

4.50%, 09/15/2023

     7,853,000        8,096,284  

1.15%, 10/29/2023

     11,620,000        11,362,291  

Berkshire Hathaway, Inc.

     

3.00%, 02/11/2023

     3,348,000        3,402,313  

2.75%, 03/15/2023(b)

     13,837,000        14,019,059  
     

 

 

 
        45,158,704  
     

 

 

 

Electric Utilities-3.57%

     

Duke Energy Carolinas LLC

     

2.50%, 03/15/2023

     3,318,000        3,352,933  

3.05%, 03/15/2023

     3,616,000        3,671,573  

Entergy Louisiana LLC, 0.62%, 11/17/2023

     7,340,000        7,207,027  

Florida Power & Light Co., 2.75%, 06/01/2023

     3,312,000        3,343,142  

Georgia Power Co., Series A, 2.10%, 07/30/2023

     4,670,000        4,688,962  

NextEra Energy Capital Holdings, Inc., 0.65%, 03/01/2023(b)

     13,280,000        13,155,835  

OGE Energy Corp., 0.70%, 05/26/2023(b)

     3,320,000        3,270,842  

Oklahoma Gas and Electric Co., 0.55%, 05/26/2023

     3,300,000        3,254,686  

Pacific Gas and Electric Co.

     

1.37%, 03/10/2023(b)

     9,959,000        9,857,602  

4.25%, 08/01/2023

     3,330,000        3,402,107  

1.70%, 11/15/2023

     5,978,000        5,879,451  

Southern California Edison Co., Series C, 3.50%, 10/01/2023

     3,995,000        4,078,650  

Southern Co. (The), 2.95%, 07/01/2023

     8,303,000        8,411,079  

Virginia Electric & Power Co., Series C, 2.75%, 03/15/2023

     4,644,000        4,693,643  

Xcel Energy, Inc., 0.50%, 10/15/2023

     3,312,000        3,247,129  
     

 

 

 
        81,514,661  
     

 

 

 

Electrical Equipment-0.32%

     

Emerson Electric Co., 2.63%, 02/15/2023.

     3,338,000        3,371,534  

Rockwell Automation, Inc., 0.35%, 08/15/2023

     3,985,000        3,919,713  
     

 

 

 
        7,291,247  
     

 

 

 

Energy Equipment & Services-0.85%

     

Baker Hughes Holdings LLC/Baker Hughes Co-Obligor, Inc., 1.23%, 12/15/2023

     4,300,000        4,261,203  

Halliburton Co., 3.50%, 08/01/2023

     4,702,000        4,798,872  

Schlumberger Investment S.A., 3.65%, 12/01/2023

     9,991,000        10,272,939  
     

 

 

 
        19,333,014  
     

 

 

 

Entertainment-0.21%

     

RELX Capital, Inc. (United Kingdom), 3.50%, 03/16/2023

     4,625,000        4,704,921  
     

 

 

 

Equity REITs-1.64%

     

American Tower Corp.

     

3.50%, 01/31/2023

     6,678,000        6,795,664  

3.00%, 06/15/2023(b)

     4,659,000        4,731,511  
         Principal             
     Amount            Value        

Equity REITs-(continued)

     

Boston Properties L.P., 3.13%, 09/01/2023

   $ 3,303,000      $ 3,357,062  

CC Holdings GS V LLC/Crown Castle GS III Corp., 3.85%, 04/15/2023

     6,609,000        6,754,373  

Crown Castle International Corp., 3.15%, 07/15/2023

     4,977,000        5,061,385  

ERP Operating L.P., 3.00%, 04/15/2023

     3,234,000        3,275,550  

GLP Capital L.P./GLP Financing II, Inc., 5.38%, 11/01/2023

     3,295,000        3,439,067  

Simon Property Group L.P., 2.75%, 06/01/2023

     4,004,000        4,047,264  
     

 

 

 
        37,461,876  
     

 

 

 

Food & Staples Retailing-1.61%

     

Kroger Co. (The), 3.85%, 08/01/2023

     4,008,000        4,109,366  

Walgreens Boots Alliance, Inc., 0.95%, 11/17/2023

     5,600,000        5,525,435  

Walmart, Inc.

     

2.55%, 04/11/2023

     11,431,000        11,564,277  

3.40%, 06/26/2023

     15,220,000        15,607,518  
     

 

 

 
        36,806,596  
     

 

 

 

Food Products-1.05%

     

Campbell Soup Co., 3.65%, 03/15/2023(b)

     3,779,000        3,851,420  

Conagra Brands, Inc.

     

3.20%, 01/25/2023

     3,841,000        3,885,823  

0.50%, 08/11/2023

     3,236,000        3,174,855  

General Mills, Inc., 3.70%, 10/17/2023

     5,686,000        5,858,009  

Hershey Co. (The), 3.38%, 05/15/2023(b)

     3,330,000        3,404,499  

Kellogg Co., 2.65%, 12/01/2023

     3,709,000        3,756,934  
     

 

 

 
        23,931,540  
     

 

 

 

Gas Utilities-0.94%

     

Atmos Energy Corp., 0.63%, 03/09/2023

     7,280,000        7,199,698  

CenterPoint Energy Resources Corp., 0.70%, 03/02/2023

     4,445,000        4,399,800  

National Fuel Gas Co., 3.75%, 03/01/2023(b)

     3,298,000        3,339,739  

ONE Gas, Inc., 0.85%, 03/11/2023

     6,632,000        6,578,462  
     

 

 

 
        21,517,699  
     

 

 

 

Health Care Equipment & Supplies-0.49%

 

Abbott Laboratories, 3.40%, 11/30/2023

     7,005,000        7,210,954  

Stryker Corp., 0.60%, 12/01/2023(b)

     4,030,000        3,939,473  
     

 

 

 
        11,150,427  
     

 

 

 

Health Care Providers & Services-3.99%

 

Aetna, Inc., 2.80%, 06/15/2023

     9,030,000        9,156,300  

AmerisourceBergen Corp., 0.74%, 03/15/2023

     10,425,000        10,343,291  

Anthem, Inc.

     

3.30%, 01/15/2023

     6,633,000        6,736,984  

0.45%, 03/15/2023

     3,125,000        3,092,614  

Cardinal Health, Inc., 3.20%, 03/15/2023

     3,668,000        3,727,068  

Cigna Corp.

     

3.00%, 07/15/2023

     5,680,000        5,768,593  

3.75%, 07/15/2023(b)

     7,924,000        8,135,579  

CVS Health Corp., 4.00%, 12/05/2023(b)

     2,650,000        2,734,554  

 

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

 

 

  11  

 

 

 

 

 

 

 


 

Invesco BulletShares 2023 Corporate Bond ETF (BSCN)–(continued)

February 28, 2022

(Unaudited)

 

         Principal             
     Amount            Value        

Health Care Providers & Services-(continued)

 

HCA, Inc.

     

4.75%, 05/01/2023

   $ 8,333,000      $ 8,581,477  

5.88%, 05/01/2023(b)

     8,346,000        8,689,229  

Humana, Inc., 0.65%, 08/03/2023

     9,920,000        9,773,502  

UnitedHealth Group, Inc.

     

2.75%, 02/15/2023

     3,913,000        3,955,644  

2.88%, 03/15/2023

     5,002,000        5,090,404  

3.50%, 06/15/2023

     4,966,000        5,092,297  
     

 

 

 
        90,877,536  
     

 

 

 

Hotels, Restaurants & Leisure-1.16%

 

Booking Holdings, Inc., 2.75%, 03/15/2023

     3,188,000        3,226,152  

Hyatt Hotels Corp., 1.30%, 10/01/2023(b)

     4,626,000        4,556,926  

McDonald’s Corp., 3.35%, 04/01/2023

     6,646,000        6,780,453  

Starbucks Corp.

     

3.10%, 03/01/2023(b)

     6,607,000        6,710,683  

3.85%, 10/01/2023

     4,922,000        5,066,381  
     

 

 

 
        26,340,595  
     

 

 

 

Household Durables-0.18%

     

Mohawk Industries, Inc., 3.85%, 02/01/2023(b)

     4,008,000        4,064,371  
     

 

 

 

Household Products-0.45%

     

Colgate-Palmolive Co., 1.95%, 02/01/2023(b)

     3,332,000        3,355,270  

Procter & Gamble Co. (The), 3.10%, 08/15/2023

     6,669,000        6,837,221  
     

 

 

 
        10,192,491  
     

 

 

 

Industrial Conglomerates-0.72%

     

3M Co.

     

1.75%, 02/14/2023

     3,336,000        3,352,514  

2.25%, 03/15/2023

     4,290,000        4,328,986  

General Electric Co., 3.10%, 01/09/2023(b)

     4,000,000        4,058,135  

Roper Technologies, Inc., 3.65%, 09/15/2023

     4,626,000        4,751,673  
     

 

 

 
        16,491,308  
     

 

 

 

Insurance-0.74%

     

Allstate Corp. (The), 3.15%, 06/15/2023(b)

     3,168,000        3,221,990  

Lincoln National Corp., 4.00%, 09/01/2023

     3,289,000        3,399,607  

Loews Corp., 2.63%, 05/15/2023

     3,319,000        3,352,906  

MetLife, Inc., Series D, 4.37%, 09/15/2023

     6,646,000        6,887,282  
     

 

 

 
        16,861,785  
     

 

 

 

Internet & Direct Marketing Retail-1.30%

 

Amazon.com, Inc.

     

2.40%, 02/22/2023

     6,734,000        6,804,106  

0.25%, 05/12/2023

     6,538,000        6,453,039  

0.40%, 06/03/2023(b)

     6,576,000        6,508,724  

eBay, Inc., 2.75%, 01/30/2023

     5,006,000        5,059,593  

QVC, Inc., 4.38%, 03/15/2023(b)

     4,773,000        4,862,279  
     

 

 

 
        29,687,741  
     

 

 

 
         Principal             
     Amount            Value        

IT Services-1.29%

     

Fidelity National Information Services, Inc., 0.38%, 03/01/2023

   $ 4,755,000      $ 4,695,272  

Global Payments, Inc.

     

3.75%, 06/01/2023

     3,633,000        3,701,774  

4.00%, 06/01/2023

     4,271,000        4,379,677  

International Business Machines Corp., 3.38%, 08/01/2023

     9,983,000        10,237,927  

PayPal Holdings, Inc., 1.35%, 06/01/2023

     6,400,000        6,384,701  
     

 

 

 
        29,399,351  
     

 

 

 

Life Sciences Tools & Services-0.86%

 

Agilent Technologies, Inc., 3.88%, 07/15/2023

     4,002,000        4,101,473  

Illumina, Inc., 0.55%, 03/23/2023

     3,297,000        3,267,440  

PerkinElmer, Inc., 0.55%, 09/15/2023

     3,400,000        3,345,536  

Thermo Fisher Scientific, Inc., 0.80%, 10/18/2023

     9,007,000        8,894,353  
     

 

 

 
        19,608,802  
     

 

 

 

Machinery-2.94%

     

Caterpillar Financial Services Corp.

     

0.25%, 03/01/2023(b)

     6,642,000        6,574,990  

3.45%, 05/15/2023

     3,302,000        3,387,302  

0.65%, 07/07/2023

     6,674,000        6,599,532  

0.45%, 09/14/2023(b)

     6,662,000        6,551,126  

3.75%, 11/24/2023

     3,300,000        3,425,666  

CNH Industrial Capital LLC, 1.95%, 07/02/2023

     3,965,000        3,966,021  

CNH Industrial N.V. (United Kingdom), 4.50%, 08/15/2023

     4,228,000        4,366,569  

Cummins, Inc., 3.65%, 10/01/2023

     3,082,000        3,160,933  

John Deere Capital Corp.

     

2.70%, 01/06/2023(b)

     3,336,000        3,376,671  

0.25%, 01/17/2023

     4,038,000        4,005,139  

2.80%, 01/27/2023(b)

     3,325,000        3,365,752  

2.80%, 03/06/2023

     6,613,000        6,708,024  

1.20%, 04/06/2023

     3,338,000        3,337,663  

0.40%, 10/10/2023(b)

     3,336,000        3,280,204  

Trane Technologies Global Holding Co. Ltd., 4.25%, 06/15/2023

     4,674,000        4,821,186  
     

 

 

 
        66,926,778  
     

 

 

 

Media-0.55%

     

Discovery Communications LLC, 2.95%, 03/20/2023

     5,256,000        5,314,338  

Time Warner Entertainment Co. L.P., 8.38%, 03/15/2023

     6,673,000        7,118,959  
     

 

 

 
        12,433,297  
     

 

 

 

Metals & Mining-0.98%

     

Freeport-McMoRan, Inc.

     

3.88%, 03/15/2023

     6,614,000        6,734,408  

4.13%, 03/01/2028(b)

     4,675,000        4,732,666  

4.38%, 08/01/2028(b)

     4,343,000        4,404,671  

Nucor Corp., 4.00%, 08/01/2023

     3,281,000        3,370,701  

Reliance Steel & Aluminum Co., 4.50%, 04/15/2023

     3,124,000        3,198,430  
     

 

 

 
        22,440,876  
     

 

 

 

 

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

 

 

  12  

 

 

 

 

 

 

 


 

Invesco BulletShares 2023 Corporate Bond ETF (BSCN)–(continued)

February 28, 2022

(Unaudited)

 

         Principal             
     Amount            Value        

Multiline Retail-0.26%

     

Dollar General Corp., 3.25%, 04/15/2023

   $ 5,901,000      $ 5,987,349  

Multi-Utilities-1.05%

     

Black Hills Corp., 4.25%, 11/30/2023

     3,474,000        3,596,538  

Consolidated Edison, Inc., Series A, 0.65%, 12/01/2023

     4,300,000        4,215,275  

Delmarva Power & Light Co., 3.50%, 11/15/2023

     3,299,000        3,383,630  

Public Service Electric & Gas Co., 2.38%, 05/15/2023

     3,305,000        3,331,658  

Public Service Enterprise Group, Inc., 0.84%, 11/08/2023(b)

     4,951,000        4,889,574  

WEC Energy Group, Inc., 0.55%, 09/15/2023

     4,662,000        4,573,007  
     

 

 

 
        23,989,682  
     

 

 

 

Oil, Gas & Consumable Fuels-8.73%

 

BP Capital Markets PLC (United Kingdom), 3.99%, 09/26/2023

     5,036,000        5,207,824  

Canadian Natural Resources Ltd. (Canada), 2.95%, 01/15/2023(b)

     6,671,000        6,741,898  

Chevron Corp.

     

1.14%, 05/11/2023(b)

     7,659,000        7,636,690  

2.57%, 05/16/2023

     4,800,000        4,855,985  

3.19%, 06/24/2023

     14,702,000        14,992,721  

Chevron USA, Inc., 0.43%, 08/11/2023(b)

     3,797,000        3,739,823  

Continental Resources, Inc., 4.50%, 04/15/2023(b)

     4,301,000        4,399,428  

Enbridge, Inc. (Canada)

     

4.00%, 10/01/2023

     5,301,000        5,442,598  

0.55%, 10/04/2023

     3,280,000        3,213,757  

Energy Transfer L.P.

     

3.60%, 02/01/2023

     5,270,000        5,328,748  

Series 5Y, 4.20%, 09/15/2023

     3,163,000        3,255,633  

Energy Transfer L.P./Regency Energy Finance Corp., 4.50%, 11/01/2023

     4,173,000        4,303,923  

Enterprise Products Operating LLC, 3.35%, 03/15/2023

     8,338,000        8,445,632  

EOG Resources, Inc., 2.63%, 03/15/2023

     8,341,000        8,410,714  

Exxon Mobil Corp.

     

2.73%, 03/01/2023

     8,301,000        8,396,218  

1.57%, 04/15/2023

     18,284,000        18,334,222  

Kinder Morgan Energy Partners L.P.

     

3.45%, 02/15/2023

     4,332,000        4,380,353  

3.50%, 09/01/2023

     4,009,000        4,085,708  

Kinder Morgan, Inc., 3.15%, 01/15/2023(b)

     6,671,000        6,750,639  

MPLX L.P.

     

3.38%, 03/15/2023

     3,297,000        3,350,260  

4.50%, 07/15/2023

     6,593,000        6,773,573  

ONEOK, Inc., 7.50%, 09/01/2023

     3,434,000        3,668,097  

Phillips 66, 3.70%, 04/06/2023

     3,297,000        3,370,592  

Pioneer Natural Resources Co., 0.55%, 05/15/2023

     5,006,000        4,945,049  

Plains All American Pipeline L.P./PAA Finance Corp., 3.85%, 10/15/2023

     4,692,000        4,794,954  

Sabine Pass Liquefaction LLC, 5.63%, 04/15/2023

     9,740,000        10,065,163  

Shell International Finance B.V. (Netherlands), 0.38%, 09/15/2023(b)

     6,672,000        6,553,663  
         Principal             
     Amount            Value        

Oil, Gas & Consumable Fuels-(continued)

 

TotalEnergies Capital Canada Ltd. (France), 2.75%, 07/15/2023(b)

   $ 6,655,000      $ 6,765,662  

TotalEnergies Capital International S.A. (France), 2.70%, 01/25/2023

     6,654,000        6,727,210  

TransCanada PipeLines Ltd. (Canada), 3.75%, 10/16/2023(b)

     4,206,000        4,314,528  

Williams Cos., Inc. (The)

     

3.70%, 01/15/2023

     5,668,000        5,748,869  

4.50%, 11/15/2023

     4,038,000        4,191,455  
     

 

 

 
        199,191,589  
     

 

 

 

Personal Products-0.31%

     

Unilever Capital Corp. (United Kingdom)

     

3.13%, 03/22/2023(b)

     3,801,000        3,875,374  

0.38%, 09/14/2023

     3,357,000        3,295,381  
     

 

 

 
        7,170,755  
     

 

 

 

Pharmaceuticals-5.50%

     

AstraZeneca PLC (United Kingdom)

     

0.30%, 05/26/2023(b)

     9,202,000        9,078,205  

3.50%, 08/17/2023

     6,096,000        6,267,467  

Bristol-Myers Squibb Co.

     

3.25%, 11/01/2023

     3,335,000        3,425,352  

0.54%, 11/13/2023

     9,948,000        9,793,163  

GlaxoSmithKline Capital PLC (United Kingdom), 0.53%, 10/01/2023(b)

     8,376,000        8,232,543  

GlaxoSmithKline Capital, Inc. (United Kingdom)

     

2.80%, 03/18/2023(b)

     9,363,000        9,494,953  

3.38%, 05/15/2023

     8,261,000        8,444,670  

Johnson & Johnson

     

2.05%, 03/01/2023

     3,336,000        3,364,051  

3.38%, 12/05/2023(b)

     5,344,000        5,531,179  

Merck & Co., Inc., 2.80%, 05/18/2023

     11,680,000        11,887,885  

Mylan, Inc., 4.20%, 11/29/2023

     3,298,000        3,396,911  

Pfizer, Inc.

     

3.00%, 06/15/2023

     6,672,000        6,810,520  

3.20%, 09/15/2023

     6,665,000        6,840,359  

Royalty Pharma PLC, 0.75%, 09/02/2023

     6,674,000        6,554,484  

Sanofi (France), 3.38%, 06/19/2023

     6,672,000        6,833,617  

Takeda Pharmaceutical Co. Ltd. (Japan), 4.40%, 11/26/2023

     9,918,000        10,305,885  

Zoetis, Inc., 3.25%, 02/01/2023

     8,984,000        9,073,764  
     

 

 

 
        125,335,008  
     

 

 

 

Professional Services-0.18%

     

Thomson Reuters Corp. (Canada), 4.30%, 11/23/2023

     4,000,000        4,139,942  
     

 

 

 

Road & Rail-0.81%

     

Burlington Northern Santa Fe LLC

     

3.00%, 03/15/2023(b)

     4,582,000        4,643,666  

3.85%, 09/01/2023

     5,281,000        5,459,471  

Norfolk Southern Corp., 2.90%, 02/15/2023

     3,930,000        3,971,212  

Union Pacific Corp., 3.50%, 06/08/2023

     4,315,000        4,417,297  
     

 

 

 
        18,491,646  
     

 

 

 

Semiconductors & Semiconductor Equipment-1.22%

 

Microchip Technology, Inc., 2.67%, 09/01/2023

     6,580,000        6,644,882  

 

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

 

 

  13  

 

 

 

 

 

 

 


 

Invesco BulletShares 2023 Corporate Bond ETF (BSCN)–(continued)

February 28, 2022

(Unaudited)

 

         Principal             
     Amount            Value        

Semiconductors & Semiconductor Equipment-(continued)

 

NVIDIA Corp., 0.31%, 06/15/2023

   $ 8,306,000      $ 8,187,704  

QUALCOMM, Inc., 2.60%, 01/30/2023

     6,314,000        6,392,309  

Skyworks Solutions, Inc., 0.90%, 06/01/2023(b)

     3,288,000        3,245,896  

Texas Instruments, Inc., 2.25%, 05/01/2023

     3,238,000        3,262,029  
     

 

 

 
        27,732,820  
     

 

 

 

Software-3.52%

     

Adobe, Inc., 1.70%, 02/01/2023(b)

     3,291,000        3,304,290  

Intuit, Inc., 0.65%, 07/15/2023

     3,337,000        3,294,378  

Microsoft Corp.

     

2.38%, 05/01/2023

     6,582,000        6,653,734  

2.00%, 08/08/2023(b)

     10,574,000        10,679,842  

3.63%, 12/15/2023

     9,745,000        10,137,780  

Oracle Corp.

     

2.63%, 02/15/2023(b)

     8,245,000        8,302,573  

3.63%, 07/15/2023(b)

     6,585,000        6,758,784  

2.40%, 09/15/2023

     16,978,000        17,116,391  

salesforce.com, inc., 3.25%, 04/11/2023

     7,300,000        7,454,694  

VMware, Inc., 0.60%, 08/15/2023(b)

     6,575,000        6,461,310  
     

 

 

 
        80,163,776  
     

 

 

 

Specialty Retail-1.20%

     

AutoZone, Inc., 3.13%, 07/15/2023(b)

     3,091,000        3,141,336  

Dell International LLC/EMC Corp., 5.45%, 06/15/2023

     6,510,000        6,781,240  

Home Depot, Inc. (The), 2.70%, 04/01/2023

     6,606,000        6,682,707  

Leidos, Inc., 2.95%, 05/15/2023

     3,900,000        3,951,441  

Lowe’s Cos., Inc., 3.88%, 09/15/2023

     3,316,000        3,407,543  

TJX Cos., Inc. (The), 2.50%, 05/15/2023

     3,323,000        3,357,532  
     

 

 

 
        27,321,799  
     

 

 

 

Technology Hardware, Storage & Peripherals-3.53%

 

Apple, Inc.

     

2.40%, 01/13/2023

     5,227,000        5,279,718  

2.85%, 02/23/2023

     9,874,000        10,003,814  

2.40%, 05/03/2023

     36,220,000        36,698,591  

0.75%, 05/11/2023(b)

     13,053,000        12,977,247  

Hewlett Packard Enterprise Co.

     

2.25%, 04/01/2023(b)

     7,622,000        7,671,158  

4.45%, 10/02/2023

     7,662,000        7,954,252  
     

 

 

 
        80,584,780  
     

 

 

 

Textiles, Apparel & Luxury Goods-0.17%

 

NIKE, Inc., 2.25%, 05/01/2023

     3,837,000        3,871,222  
     

 

 

 

Tobacco-0.87%

     

Philip Morris International, Inc.

     

2.63%, 03/06/2023

     3,934,000        3,977,961  

1.13%, 05/01/2023

     4,924,000        4,910,403  

2.13%, 05/10/2023

     3,797,000        3,821,254  

3.60%, 11/15/2023(b)

     3,304,000        3,410,211  

Reynolds American, Inc. (United Kingdom), 4.85%, 09/15/2023

     3,634,000        3,788,151  
     

 

 

 
        19,907,980  
     

 

 

 

Investment Abbreviations:

REIT-Real Estate Investment Trust

         Principal             
     Amount            Value        

Trading Companies & Distributors-0.56%

 

Air Lease Corp.

     

2.75%, 01/15/2023

   $ 4,742,000      $ 4,782,937  

3.88%, 07/03/2023

     3,287,000        3,363,111  

3.00%, 09/15/2023(b)

     4,676,000        4,728,665  
     

 

 

 
        12,874,713  
     

 

 

 

Wireless Telecommunication Services-1.04%

 

Rogers Communications, Inc. (Canada)

     

3.00%, 03/15/2023(b)

     3,325,000        3,358,580  

4.10%, 10/01/2023

     5,676,000        5,828,947  

T-Mobile USA, Inc., 4.75%, 02/01/2028

     9,957,000        10,290,311  

Vodafone Group PLC (United Kingdom), 2.95%, 02/19/2023

     4,147,000        4,193,678  
     

 

 

 
        23,671,516  
     

 

 

 

Total U.S. Dollar Denominated Bonds & Notes
(Cost $2,266,319,441)

 

     2,259,409,495  
     

 

 

 
     Shares         

Money Market Funds-0.23%

 

  

Invesco Government & Agency Portfolio, Institutional Class,
0.03%(c)(d)
(Cost $5,108,790)

     5,108,790        5,108,790  
     

 

 

 

TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased
with cash collateral from
securities on loan)-99.30%
(Cost $2,271,428,231)

 

     2,264,518,285  
     

 

 

 

Investments Purchased with Cash Collateral from Securities on Loan

 

Money Market Funds-2.95%

 

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

     20,191,132        20,191,132  

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

     47,107,929        47,112,641  
     

 

 

 

Total Investments Purchased with Cash
Collateral from Securities on Loan
(Cost $67,311,867)

 

     67,303,773  
     

 

 

 

TOTAL INVESTMENTS IN SECURITIES-102.25%
(Cost $2,338,740,098)

 

     2,331,822,058  

OTHER ASSETS LESS LIABILITIES-(2.25)%

 

     (51,276,490
     

 

 

 

NET ASSETS-100.00%

      $ 2,280,545,568  
     

 

 

 

 

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

 

 

  14  

 

 

 

 

 

 

 


 

Invesco BulletShares 2023 Corporate Bond ETF (BSCN)–(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) 

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

(c) 

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

    $ 1,935,360         $ 210,117,622     $ (206,944,192 )     $ -     $ -     $ 5,108,790         $ 2,668

Investments Purchased with Cash Collateral from Securities on Loan:

                                   

Invesco Private Government Fund

      19,982,947           40,323,402       (40,115,217 )       -       -       20,191,132           2,654 *

Invesco Private Prime Fund

      46,626,878           66,869,142       (66,369,480 )       (8,094 )       (5,805 )       47,112,641           23,807 *
   

 

 

         

 

 

     

 

 

     

 

 

     

 

 

     

 

 

         

 

 

 

Total

    $ 68,545,185         $ 317,310,166     $ (313,428,889 )     $ (8,094 )     $ (5,805 )     $ 72,412,563         $ 29,129
   

 

 

         

 

 

     

 

 

     

 

 

     

 

 

     

 

 

         

 

 

 

 

*

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.

 

(d) 

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

(e) 

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

Portfolio Composition

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

as of February 28, 2022

     

Financials

     29.99     

Health Care

     12.72     

Consumer Discretionary

     10.45     

Information Technology

     9.92     

Energy

     9.58     

Industrials

     8.90     

Consumer Staples

     6.35     

Utilities

     5.56     

Sector Types Each Less Than 3%

     5.60     

Money Market Funds Plus Other Assets Less Liabilities

     0.93     

 

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

 

 

  15  

 

 

 

 

 

 

 


 

Invesco BulletShares 2024 Corporate Bond ETF (BSCO)

February 28, 2022

(Unaudited)

 

Schedule of Investments(a)

 

         Principal             
     Amount            Value        

U.S. Dollar Denominated Bonds & Notes-98.73%

 

Aerospace & Defense-1.84%

     

Boeing Co. (The)

     

1.95%, 02/01/2024(b)

   $ 6,701,000      $ 6,681,904  

1.43%, 02/04/2024

     20,108,000        19,802,806  

General Dynamics Corp., 2.38%, 11/15/2024

     3,351,000        3,406,722  

Howmet Aerospace, Inc., 5.13%, 10/01/2024(b)

     7,705,000        8,093,948  
     

 

 

 
        37,985,380  
     

 

 

 

Air Freight & Logistics-0.17%

     

United Parcel Service, Inc., 2.80%, 11/15/2024(b)

     3,351,000        3,409,835  
     

 

 

 

Airlines-0.29%

     

Delta Air Lines, Inc., 2.90%, 10/28/2024(b)

     6,036,000        5,966,526  
     

 

 

 

Auto Components-0.25%

     

Magna International, Inc. (Canada), 3.63%, 06/15/2024

     5,028,000        5,178,249  
     

 

 

 

Automobiles-4.16%

     

American Honda Finance Corp.

     

2.90%, 02/16/2024(b)

     3,338,000        3,404,745  

2.40%, 06/27/2024

     3,352,000        3,386,444  

0.55%, 07/12/2024(b)

     6,031,000        5,872,367  

0.75%, 08/09/2024

     6,672,000        6,484,540  

2.15%, 09/10/2024

     5,003,000        5,027,400  

General Motors Financial Co., Inc.

     

1.05%, 03/08/2024

     5,698,000        5,559,390  

3.95%, 04/13/2024

     8,377,000        8,622,453  

1.20%, 10/15/2024(b)

     5,698,000        5,554,408  

3.50%, 11/07/2024

     5,027,000        5,156,393  

Toyota Motor Corp. (Japan)

     

0.68%, 03/25/2024(b)

     8,336,000        8,138,148  

2.36%, 07/02/2024

     3,356,000        3,384,920  

Toyota Motor Credit Corp.

     

0.45%, 01/11/2024(b)

     6,671,000        6,519,826  

2.90%, 04/17/2024

     3,332,000        3,404,821  

0.50%, 06/18/2024(b)

     5,676,000        5,502,567  

0.63%, 09/13/2024(b)

     6,700,000        6,480,649  

2.00%, 10/07/2024

     3,339,000        3,347,052  
     

 

 

 
        85,846,123  
     

 

 

 

Banks-15.07%

     

Bank of America Corp.

     

4.13%, 01/22/2024

     16,754,000        17,438,791  

4.00%, 04/01/2024(b)

     15,444,000        16,043,729  

4.20%, 08/26/2024

     20,110,000        20,970,606  

Barclays Bank PLC (United Kingdom), 3.75%, 05/15/2024

     3,930,000        4,064,010  

Barclays PLC (United Kingdom), 4.38%, 09/11/2024

     8,360,000        8,674,736  

BNP Paribas S.A. (France), 4.25%, 10/15/2024(b)

     6,700,000        6,999,919