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Invesco Semi-Annual Report to Shareholders

 

October 31, 2020

 

  PBE    Invesco Dynamic Biotechnology & Genome ETF
  PKB    Invesco Dynamic Building & Construction ETF
  PXE    Invesco Dynamic Energy Exploration & Production ETF
  PBJ    Invesco Dynamic Food & Beverage ETF
  PEJ    Invesco Dynamic Leisure and Entertainment ETF
  PBS    Invesco Dynamic Media ETF
  PXQ    Invesco Dynamic Networking ETF
  PXJ    Invesco Dynamic Oil & Gas Services ETF
  PJP    Invesco Dynamic Pharmaceuticals ETF
  PSI    Invesco Dynamic Semiconductors ETF
  PSJ    Invesco Dynamic Software ETF

Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of the Funds’ shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports from your financial intermediary, such as a broker-dealer or bank. Instead, the reports will be made available on a website, and you will be notified by mail each time a report is posted and provided with a website link to access the report.

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You may elect to receive all future reports in paper free of charge. If you hold accounts through a financial intermediary, you can follow the instructions included with this disclosure, if applicable, or contact your financial intermediary to request that you continue to receive paper copies of your shareholder reports. Please note that not all financial intermediaries may offer this service. Your election to receive reports in paper will apply to all funds held with your financial intermediary.

 

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Table of Contents

 

Schedules of Investments  

Invesco Dynamic Biotechnology & Genome ETF (PBE)

    3  

Invesco Dynamic Building & Construction ETF (PKB)

    5  

Invesco Dynamic Energy Exploration & Production ETF (PXE)

    7  

Invesco Dynamic Food & Beverage ETF (PBJ)

    9  

Invesco Dynamic Leisure and Entertainment ETF (PEJ)

    11  

Invesco Dynamic Media ETF (PBS)

    13  

Invesco Dynamic Networking ETF (PXQ)

    15  

Invesco Dynamic Oil & Gas Services ETF (PXJ)

    17  

Invesco Dynamic Pharmaceuticals ETF (PJP)

    19  

Invesco Dynamic Semiconductors ETF (PSI)

    21  

Invesco Dynamic Software ETF (PSJ)

    23  

Statements of Assets and Liabilities

    26  

Statements of Operations

    28  

Statements of Changes in Net Assets

    30  

Financial Highlights

    34  

Notes to Financial Statements

    45  

Fund Expenses

    56  

 

 

  2  

 


 

Invesco Dynamic Biotechnology & Genome ETF (PBE)

October 31, 2020

(Unaudited)

 

Schedule of Investments(a)

 

        Shares                 Value          
Common Stocks & Other Equity Interests-100.05%

 

Biotechnology-80.98%    

Acceleron Pharma, Inc.(b)

    64,227     $ 6,716,860  

Akebia Therapeutics, Inc.(b)(c)

    597,542       1,326,543  

Alkermes PLC(b)

    375,724       6,105,515  

Amgen, Inc.

    44,113       9,569,874  

Amicus Therapeutics, Inc.(b)

    423,606       7,552,895  

Biogen, Inc.(b)

    39,934       10,066,163  

CareDx, Inc.(b)

    178,229       8,742,132  

Coherus Biosciences, Inc.(b)(c)

    320,664       5,345,469  

CRISPR Therapeutics AG
(Switzerland)(b)(c)

    68,028       6,246,331  

Dicerna Pharmaceuticals, Inc.(b)

    336,821       7,069,873  

Emergent BioSolutions, Inc.(b)

    51,390       4,623,558  

Exelixis, Inc.(b)

    279,420       5,722,522  

Fate Therapeutics, Inc.(b)

    175,555       7,794,642  

FibroGen, Inc.(b)

    145,144       5,570,627  

Gilead Sciences, Inc.

    170,131       9,893,118  

Halozyme Therapeutics, Inc.(b)

    218,812       6,126,736  

Insmed, Inc.(b)

    220,558       7,265,181  

Intellia Therapeutics, Inc.(b)(c)

    297,166       7,114,154  

Ironwood Pharmaceuticals, Inc.(b)

    595,787       5,886,376  

Neurocrine Biosciences, Inc.(b)

    97,680       9,638,086  

OPKO Health, Inc.(b)(c)

    1,837,758       6,468,908  

Regeneron Pharmaceuticals, Inc.(b)

    18,134       9,856,917  

Sangamo Therapeutics, Inc.(b)

    563,760       5,829,278  

United Therapeutics Corp.(b)

    57,566       7,727,084  

Vertex Pharmaceuticals, Inc.(b)

    40,651       8,470,042  
   

 

 

 
      176,728,884  
   

 

 

 
Life Sciences Tools & Services-16.77%

 

 

Fluidigm Corp.(b)

    724,164       4,156,701  

Illumina, Inc.(b)

    31,762       9,296,737  

Pacific Biosciences of California, Inc.(b)

    962,497       12,618,336  

QIAGEN N.V.(b)(c)

    221,713       10,518,065  
   

 

 

 
      36,589,839  
   

 

 

 
        Shares                 Value          
Pharmaceuticals-2.30%    

Nektar Therapeutics(b)

    317,318     $ 5,026,317  
   

 

 

 

Total Common Stocks & Other Equity Interests
(Cost $212,157,549)

 

    218,345,040  
   

 

 

 
Money Market Funds-0.06%

 

 

Invesco Government & Agency Portfolio, Institutional Class, 0.01%(d)(e)
(Cost $125,128)

    125,128       125,128  
   

 

 

 

TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from securities on loan)-100.11%
(Cost $212,282,677)

 

    218,470,168  
   

 

 

 
Investments Purchased with Cash Collateral from Securities on Loan

 

 
Money Market Funds-15.20%

 

 

Invesco Private Government Fund,
0.04%(d)(e)(f)

    13,268,653       13,268,653  

Invesco Private Prime Fund, 0.11%(d)(e)(f)

    19,897,010       19,902,979  
   

 

 

 

Total Investments Purchased with Cash Collateral from Securities on Loan
(Cost $33,171,496)

 

    33,171,632  
   

 

 

 

TOTAL INVESTMENTS IN SECURITIES-115.31%
(Cost $245,454,173)

 

    251,641,800  

OTHER ASSETS LESS LIABILITIES-(15.31)%

 

    (33,403,311
   

 

 

 

NET ASSETS-100.00%

    $ 218,238,489  
   

 

 

 

 

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 October 31, 2020.

(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 October 31, 2020.

 

                         Change in                       
    Value      Purchases      Proceeds      Unrealized      Realized      Value      Dividend  
    April 30, 2020      at Cost      from Sales      Appreciation      Gain      October 31, 2020      Income  
Investments in Affiliated Money Market Funds:                    
Invesco Government & Agency Portfolio, Institutional Class   $ -      $ 289,760      $ (164,632    $ -      $ -      $ 125,128      $ 3  
Invesco Premier U.S. Government Money Portfolio, Institutional Class     2,626        5,451,095        (5,453,721      -        -        -        60  

 

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

 

 

  3  

 


 

Invesco Dynamic Biotechnology & Genome ETF (PBE)–(continued)

October 31, 2020

(Unaudited)

 

                   Change in               
    Value    Purchases    Proceeds    Unrealized    Realized    Value    Dividend
    April 30, 2020    at Cost    from Sales    Appreciation    Gain    October 31, 2020    Income
Investments Purchased with Cash Collateral from Securities on Loan:                                  

Invesco Private Government Fund

    $ 6,405,928      $ 67,537,422      $ (60,674,697 )      $ -      $ -      $ 13,268,653      $ 2,778 *

Invesco Private Prime Fund

      -        37,117,917        (17,215,584 )        136        510        19,902,979        3,049 *
   

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

 

Total

    $ 6,408,554      $ 110,396,194      $ (83,508,634 )      $ 136      $ 510      $ 33,296,760      $ 5,890
   

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

 

 

*

Represents the income earned on the investment of cash collateral, which is included in securities lending income on the Statement 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 October 31, 2020.

(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 2J.

 

Portfolio Composition    
Sub-Industry Breakdown (% of the Fund’s Net Assets) as of October 31, 2020

 

Biotechnology

    80.98                                                  

Life Sciences Tools & Services

    16.77    

Pharmaceuticals

    2.30    

Money Market Funds Plus Other Assets Less Liabilities

    (0.05  

 

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

 

 

  4  

 


 

Invesco Dynamic Building & Construction ETF (PKB)

October 31, 2020

(Unaudited)

 

Schedule of Investments(a)

 

        Shares                  Value          
Common Stocks & Other Equity Interests-100.00%

 

Building Products-18.34%     

American Woodmark Corp.(b)

    42,518      $ 3,512,412  

JELD-WEN Holding, Inc.(b)

    175,553        3,691,880  

Masonite International Corp.(b)

    39,972        3,517,536  

Owens Corning

    53,670        3,513,775  

Simpson Manufacturing Co., Inc.

    37,196        3,300,029  

Trane Technologies PLC

    57,132        7,584,273  
    

 

 

 
       25,119,905  
    

 

 

 
Construction & Engineering-16.80%     

Argan, Inc.

    86,727        3,572,285  

Comfort Systems USA, Inc.

    72,510        3,320,958  

Dycom Industries, Inc.(b)

    68,897        4,474,171  

EMCOR Group, Inc.

    49,414        3,369,541  

Primoris Services Corp.

    198,387        3,743,563  

Quanta Services, Inc.

    72,666        4,536,538  
    

 

 

 
       23,017,056  
    

 

 

 
Construction Materials-17.47%     

Eagle Materials, Inc.

    44,595        3,801,723  

Forterra, Inc.(b)

    271,295        3,540,400  

Martin Marietta Materials, Inc.

    32,495        8,655,043  

Vulcan Materials Co.

    54,764        7,932,018  
    

 

 

 
       23,929,184  
    

 

 

 
Gas Utilities-2.88%     

Southwest Gas Holdings, Inc.

    59,949        3,939,848  
    

 

 

 
Home Improvement Retail-10.12%     

GrowGeneration Corp.(b)(c)

    246,077        4,109,486  

Lowe’s Cos., Inc.

    40,855        6,459,175  

Lumber Liquidators Holdings, Inc.(b)

    148,771        3,290,815  
    

 

 

 
       13,859,476  
    

 

 

 
Homebuilding-30.02%     

Century Communities, Inc.(b)

    98,429        3,822,982  

D.R. Horton, Inc.

    93,712        6,260,899  

Green Brick Partners, Inc.(b)

    247,720        4,431,711  

Installed Building Products, Inc.(b)

    42,068        3,808,837  

Lennar Corp., Class A

    89,633        6,294,926  
        Shares                  Value          
Homebuilding-(continued)     

LGI Homes, Inc.(b)

    32,772      $ 3,502,671  

Meritage Homes Corp.(b)

    37,643        3,278,329  

PulteGroup, Inc.

    148,508        6,053,186  

TopBuild Corp.(b)

    23,901        3,661,872  
    

 

 

 
       41,115,413  
    

 

 

 
Specialty Stores-4.37%     

Tractor Supply Co.

    44,987        5,992,718  
    

 

 

 

Total Common Stocks & Other Equity Interests
(Cost $125,493,015)

 

     136,973,600  
    

 

 

 
Money Market Funds-0.10%

 

  

Invesco Government & Agency Portfolio, Institutional Class, 0.01%(d)(e)
(Cost $146,192)

    146,192        146,192  
    

 

 

 

TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from securities on loan)-100.10%
(Cost $125,639,207)

 

     137,119,792  
    

 

 

 
Investments Purchased with Cash Collateral from Securities on Loan

 

  
Money Market Funds-3.16%

 

  

Invesco Private Government Fund, 0.04%(d)(e)(f)

    1,729,712        1,729,712  

Invesco Private Prime Fund, 0.11%(d)(e)(f)

    2,593,790        2,594,568  
    

 

 

 

Total Investments Purchased with Cash Collateral from Securities on Loan
(Cost $4,324,280)

 

     4,324,280  
    

 

 

 

TOTAL INVESTMENTS IN SECURITIES-103.26%
(Cost $129,963,487)

 

     141,444,072  

OTHER ASSETS LESS LIABILITIES-(3.26)%

 

     (4,466,881
    

 

 

 

NET ASSETS-100.00%

 

   $ 136,977,191  
    

 

 

 

 

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 October 31, 2020.

(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 October 31, 2020.

 

                   Change in               
    Value    Purchases    Proceeds    Unrealized    Realized    Value    Dividend
    April 30, 2020    at Cost    from Sales    Appreciation    Gain    October 31, 2020    Income
Investments in Affiliated Money Market Funds:                                  
Invesco Government & Agency Portfolio, Institutional Class     $ -      $ 374,211      $ (228,019 )      $ -      $ -      $ 146,192      $ 2
Invesco Premier U.S. Government Money Portfolio, Institutional Class       136,080        824,684        (960,764 )        -        -        -        38

 

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

 

 

  5  

 


 

Invesco Dynamic Building & Construction ETF (PKB)–(continued)

October 31, 2020

(Unaudited)

 

                   Change in               
    Value    Purchases    Proceeds    Unrealized    Realized    Value    Dividend
    April 30, 2020    at Cost    from Sales    Appreciation    Gain    October 31, 2020    Income
Investments Purchased with Cash Collateral from Securities on Loan:                                  
Invesco Private Government Fund     $ -      $ 14,604,185      $ (12,874,473 )      $ -      $ -      $ 1,729,712      $ 159 *
Invesco Private Prime Fund       -        6,379,251        (3,784,778 )        -        95        2,594,568        256 *
   

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

 
Total     $ 136,080      $ 22,182,331      $ (17,848,034 )      $ -      $ 95      $ 4,470,472      $ 455
   

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

 

 

*

Represents the income earned on the investment of cash collateral, which is included in securities lending income on the Statement 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 October 31, 2020.

(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 2J.

 

Portfolio Composition    
Sub-Industry Breakdown (% of the Fund’s Net Assets) as of October 31, 2020

 

Homebuilding

    30.02    

Building Products

    18.34    

Construction Materials

    17.47                                         

Construction & Engineering

    16.80    

Home Improvement Retail

    10.12    

Specialty Stores

    4.37    

Gas Utilities

    2.88    
Money Market Funds Plus Other Assets Less Liabilities     (0.00  

 

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

 

 

  6  

 


 

Invesco Dynamic Energy Exploration & Production ETF (PXE)

October 31, 2020

(Unaudited)

 

Schedule of Investments(a)

 

        Shares                  Value          
Common Stocks & Other Equity Interests-99.92%

 

Oil & Gas Exploration & Production-80.12%     

Antero Resources Corp.(b)(c)

    123,145      $ 418,693  

Apache Corp.

    29,605        245,722  

Cabot Oil & Gas Corp.

    22,665        403,210  

Cimarex Energy Co.

    15,283        387,730  

CNX Resources Corp.(b)

    38,456        373,023  

Comstock Resources, Inc.(b)

    70,974        376,872  

Concho Resources, Inc.

    15,295        634,895  

ConocoPhillips

    20,772        594,495  

Continental Resources, Inc.(c)

    24,685        296,961  

Devon Energy Corp.

    40,170        358,718  

Diamondback Energy, Inc.

    10,868        282,133  

EOG Resources, Inc.

    17,628        603,583  

EQT Corp.

    26,765        405,222  

Hess Corp.

    17,071        635,383  

Magnolia Oil & Gas Corp., Class A(b)

    67,539        293,119  

Marathon Oil Corp.

    80,641        319,338  

Matador Resources Co.(b)

    43,661        308,683  

Murphy Oil Corp.

    30,039        231,901  

Ovintiv, Inc.

    37,784        347,613  

Parsley Energy, Inc., Class A

    38,942        389,809  

PDC Energy, Inc.(b)

    27,636        329,421  

Pioneer Natural Resources Co.

    7,520        598,291  

Range Resources Corp.

    54,784        360,479  

Southwestern Energy Co.(b)

    149,564        399,336  

WPX Energy, Inc.(b)

    74,784        344,754  
    

 

 

 
       9,939,384  
    

 

 

 
Oil & Gas Refining & Marketing-19.80%

 

CVR Energy, Inc.

    25,577        281,603  

HollyFrontier Corp.

    17,318        320,556  

Marathon Petroleum Corp.

    22,655        668,322  
        Shares                  Value          
Oil & Gas Refining & Marketing-(continued)

 

Phillips 66

    13,150      $ 613,579  

Valero Energy Corp.

    14,829        572,548  
    

 

 

 
       2,456,608  
    

 

 

 

Total Common Stocks & Other Equity Interests
(Cost $20,584,465)

 

     12,395,992  
    

 

 

 
Money Market Funds-0.72%

 

  

Invesco Government & Agency Portfolio, Institutional Class, 0.01%(d)(e)
(Cost $88,887)

    88,887        88,887  
    

 

 

 

TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-100.64%
(Cost $20,673,352)

 

     12,484,879  
    

 

 

 
Investments Purchased with Cash Collateral from Securities on Loan

 

  
Money Market Funds-6.18%

 

  

Invesco Private Government Fund, 0.04%(d)(e)(f)

    306,746        306,746  

Invesco Private Prime Fund, 0.11%(d)(e)(f)

    459,981        460,118  
    

 

 

 

Total Investments Purchased with Cash Collateral from Securities on Loan
(Cost $766,862)

 

     766,864  
    

 

 

 

TOTAL INVESTMENTS IN SECURITIES-106.82%
(Cost $21,440,214)

 

     13,251,743  

OTHER ASSETS LESS LIABILITIES-(6.82)%

 

     (846,295
    

 

 

 

NET ASSETS-100.00%

 

   $ 12,405,448  
    

 

 

 

 

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 October 31, 2020.

(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 October 31, 2020.

 

                   Change in               
    Value    Purchases    Proceeds    Unrealized    Realized    Value    Dividend
    April 30, 2020    at Cost    from Sales    Appreciation    Gain    October 31, 2020    Income
Investments in Affiliated Money Market Funds:                                  
Invesco Government & Agency Portfolio, Institutional Class     $ -      $ 327,039      $ (238,152 )      $ -      $ -      $ 88,887      $ 2
Invesco Premier U.S. Government Money Portfolio, Institutional Class       106,816        556,027        (662,843 )        -        -        -        27

 

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

 

 

  7  

 


 

Invesco Dynamic Energy Exploration & Production ETF (PXE)–(continued)

October 31, 2020

(Unaudited)

 

                   Change in               
    Value    Purchases    Proceeds    Unrealized    Realized    Value    Dividend
    April 30, 2020    at Cost    from Sales    Appreciation    Gain    October 31, 2020    Income
Investments Purchased with Cash Collateral from Securities on Loan:                                  

Invesco Private Government Fund

    $ 3,284,808      $ 12,517,077      $ (15,495,139 )      $ -      $ -      $ 306,746      $ 317 *

Invesco Private Prime Fund

      -        3,559,825        (3,099,792 )        2        83        460,118        251 *
   

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

 

Total

    $ 3,391,624      $ 16,959,968      $ (19,495,926 )      $ 2      $ 83      $ 855,751      $ 597
   

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

 

 

*

Represents the income earned on the investment of cash collateral, which is included in securities lending income on the Statement 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 October 31, 2020.

(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 2J.

 

Portfolio Composition    
Sub-Industry Breakdown (% of the Fund’s Net Assets)
as of October 31, 2020

 

Oil & Gas Exploration & Production

    80.12                                                  

Oil & Gas Refining & Marketing

    19.80    

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.

 

 

  8  

 


 

Invesco Dynamic Food & Beverage ETF (PBJ)

October 31, 2020

(Unaudited)

 

Schedule of Investments(a)

 

        Shares                  Value          
Common Stocks & Other Equity Interests-99.99%

 

Agricultural Products-9.52%     

Archer-Daniels-Midland Co.

    45,360      $ 2,097,447  

Darling Ingredients, Inc.(b)

    62,205        2,674,815  

Fresh Del Monte Produce, Inc.

    84,946        1,828,887  
    

 

 

 
       6,601,149  
    

 

 

 
Brewers-3.42%     

Boston Beer Co., Inc. (The), Class A(b)

    2,281        2,370,370  
    

 

 

 
Distillers & Vintners-5.13%     

Brown-Forman Corp., Class B

    51,014        3,556,186  
    

 

 

 
Food Distributors-4.85%     

SpartanNash Co.

    97,524        1,795,417  

United Natural Foods, Inc.(b)

    107,613        1,567,921  
    

 

 

 
       3,363,338  
    

 

 

 
Food Retail-16.10%     

Albertsons Cos., Inc., Class A(c)

    138,370        2,032,655  

Grocery Outlet Holding Corp.(b)

    48,552        2,137,259  

Ingles Markets, Inc., Class A

    48,962        1,755,777  

Kroger Co. (The)

    56,098        1,806,917  

Sprouts Farmers Market, Inc.(b)

    82,644        1,574,368  

Weis Markets, Inc.

    40,897        1,857,133  
    

 

 

 
       11,164,109  
    

 

 

 
Packaged Foods & Meats-38.12%     

B&G Foods, Inc.(c)

    64,664        1,717,476  

Campbell Soup Co.

    38,065        1,776,494  

Conagra Brands, Inc.

    52,322        1,835,979  

General Mills, Inc.

    57,471        3,397,686  

Hain Celestial Group, Inc. (The)(b)

    62,705        1,928,179  

Hershey Co. (The)

    25,010        3,437,875  

JM Smucker Co. (The)

    16,776        1,882,267  

Kellogg Co.

    28,790        1,810,603  

Kraft Heinz Co. (The)

    106,989        3,272,793  

Mondelez International, Inc., Class A

    63,976        3,398,405  

Nomad Foods Ltd. (United Kingdom)(b)

    81,630        1,979,527  
    

 

 

 
       26,437,284  
    

 

 

 
        Shares                  Value          
Personal Products-2.66%     

Herbalife Nutrition Ltd.(b)

    40,831      $ 1,843,111  
    

 

 

 
Soft Drinks-20.19%     

Coca-Cola Consolidated, Inc.

    7,371        1,687,590  

Keurig Dr Pepper, Inc.

    124,254        3,342,433  

Monster Beverage Corp.(b)

    44,624        3,416,860  

National Beverage Corp.(b)(c)

    25,190        1,972,125  

PepsiCo, Inc.

    26,871        3,581,635  
    

 

 

 
       14,000,643  
    

 

 

 

Total Common Stocks & Other Equity Interests
(Cost $69,801,749)

 

     69,336,190  
    

 

 

 
Money Market Funds-0.07%

 

  

Invesco Government & Agency Portfolio, Institutional Class, 0.01%(d)(e)
(Cost $49,270)

    49,270        49,270  
    

 

 

 

TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-100.06%
(Cost $69,851,019)

 

     69,385,460  
    

 

 

 
Investments Purchased with Cash Collateral from Securities on Loan

 

  
Money Market Funds-8.57%

 

  

Invesco Private Government Fund, 0.04%(d)(e)(f) .

    2,376,516        2,376,516  

Invesco Private Prime Fund, 0.11%(d)(e)(f)

    3,563,705        3,564,774  
    

 

 

 

Total Investments Purchased with Cash Collateral from Securities on Loan
(Cost $5,941,183)

 

     5,941,290  
    

 

 

 

TOTAL INVESTMENTS IN SECURITIES-108.63%
(Cost $75,792,202)

 

     75,326,750  

OTHER ASSETS LESS LIABILITIES-(8.63)%

 

     (5,987,204
    

 

 

 

NET ASSETS-100.00%

     $ 69,339,546  
    

 

 

 

 

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 October 31, 2020.

(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 October 31, 2020.

 

                   Change in               
    Value    Purchases    Proceeds    Unrealized    Realized    Value    Dividend
    April 30, 2020    at Cost    from Sales    Appreciation    Gain    October 31, 2020    Income
Investments in Affiliated Money Market Funds:                                  
Invesco Government & Agency Portfolio, Institutional Class     $ -      $ 383,996      $ (334,726 )      $ -      $ -      $ 49,270      $ 2
Invesco Premier U.S. Government Money Portfolio, Institutional Class       99,354        1,857,324        (1,956,678 )        -        -        -        33

 

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

 

 

  9  

 


 

Invesco Dynamic Food & Beverage ETF (PBJ)–(continued)

October 31, 2020

(Unaudited)

 

                   Change in               
    Value    Purchases    Proceeds    Unrealized    Realized    Value    Dividend
    April 30, 2020    at Cost    from Sales    Appreciation    Gain    October 31, 2020    Income
Investments Purchased with Cash Collateral from Securities on Loan:                                  

Invesco Private Government Fund

    $ 304,437      $ 10,943,077      $ (8,870,998 )      $ -      $ -      $ 2,376,516      $ 252 *

Invesco Private Prime Fund

      -        5,833,722        (2,269,102 )        107        47        3,564,774        385 *
   

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

 

Total

    $ 403,791      $ 19,018,119      $ (13,431,504 )      $ 107      $ 47      $ 5,990,560      $ 672
   

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

 

 

*

Represents the income earned on the investment of cash collateral, which is included in securities lending income on the Statement 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 October 31, 2020.

(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 2J.

 

Portfolio Composition    
Sub-Industry Breakdown (% of the Fund’s Net Assets)
as of October 31, 2020

 

Packaged Foods & Meats

    38.12    

Soft Drinks

    20.19    

Food Retail

    16.10                                                  

Agricultural Products

    9.52    

Distillers & Vintners

    5.13    

Food Distributors

    4.85    

Brewers

    3.42    

Personal Products

    2.66    

Money Market Funds Plus Other Assets Less Liabilities

    0.01    

 

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

 

 

  10  

 


 

Invesco Dynamic Leisure and Entertainment ETF (PEJ)

October 31, 2020

(Unaudited)

 

Schedule of Investments(a)

 

        Shares                  Value          
Common Stocks & Other Equity Interests-99.95%

 

Broadcasting-16.10%     

AMC Networks, Inc., Class A(b)(c)

    305,260      $ 6,486,775  

Discovery, Inc., Class A(b)

    335,971        6,800,053  

Fox Corp., Class A

    510,720        13,544,295  

ViacomCBS, Inc., Class B

    498,086        14,230,317  
    

 

 

 
       41,061,440  
    

 

 

 
Casinos & Gaming-5.37%     

Accel Entertainment, Inc.(b)

    644,862        6,190,675  

Penn National Gaming, Inc.(b)

    139,287        7,518,712  
    

 

 

 
       13,709,387  
    

 

 

 
Food Distributors-5.45%     

Performance Food Group Co.(b)

    214,654        7,214,521  

US Foods Holding Corp.(b)

    320,548        6,699,453  
    

 

 

 
       13,913,974  
    

 

 

 
Hotels, Resorts & Cruise Lines-5.46%     

Hilton Worldwide Holdings, Inc.

    158,566        13,923,681  
    

 

 

 
Interactive Media & Services-5.01%     

Eventbrite, Inc., Class A(b)(c)

    732,156        6,757,800  

TripAdvisor, Inc.

    315,155        6,022,612  
    

 

 

 
       12,780,412  
    

 

 

 
Internet & Direct Marketing Retail-6.24%     

Grubhub, Inc.(b)

    104,551        7,732,592  

Qurate Retail, Inc., Class A

    1,208,407        8,180,915  
    

 

 

 
       15,913,507  
    

 

 

 
Movies & Entertainment-26.84%     

Cinemark Holdings, Inc.(c)

    540,106        4,423,468  

Lions Gate Entertainment Corp.,
Class A(b)(c)

    805,911        5,399,604  

Live Nation Entertainment, Inc.(b)

    134,130        6,545,544  

Madison Square Garden Entertainment Corp.(b)

    106,053        6,893,445  

Madison Square Garden Sports Corp.,
Class A(b)

    45,958        6,509,491  

Manchester United PLC, Class A (United Kingdom)

    497,752        6,799,292  

Walt Disney Co. (The)

    105,289        12,766,291  

Warner Music Group Corp., Class A

    488,231        12,952,769  

World Wrestling Entertainment, Inc.,
Class A

    170,144        6,186,436  
    

 

 

 
       68,476,340  
    

 

 

 
        Shares                  Value          
Multi-Sector Holdings-2.87%     

Cannae Holdings, Inc.(b)

    197,791      $ 7,314,311  
    

 

 

 
Restaurants-26.61%     

Bloomin’ Brands, Inc.

    591,705        8,272,036  

Chipotle Mexican Grill, Inc.(b)

    11,010        13,228,295  

Domino’s Pizza, Inc.

    33,822        12,795,539  

Papa John’s International, Inc.

    78,660        6,025,356  

Texas Roadhouse, Inc.

    122,590        8,584,978  

Wingstop, Inc.

    46,389        5,396,432  

Yum China Holdings, Inc. (China)

    255,087        13,578,281  
    

 

 

 
       67,880,917  
    

 

 

 

Total Common Stocks & Other Equity Interests
(Cost $269,844,176)

 

     254,973,969  
    

 

 

 
Money Market Funds-0.13%

 

  

Invesco Government & Agency Portfolio, Institutional Class, 0.01%(d)(e)
(Cost $338,576)

    338,576        338,576  
    

 

 

 

TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from securities on loan)-100.08%
(Cost $270,182,752)

       255,312,545  
    

 

 

 
Investments Purchased with Cash Collateral from Securities on Loan

 

  
Money Market Funds-6.32%

 

  

Invesco Private Government Fund, 0.04%(d)(e)(f)

    4,550,639        4,550,639  

Invesco Private Prime Fund, 0.11%(d)(e)(f)

    11,557,716        11,561,183  
    

 

 

 

Total Investments Purchased with Cash Collateral from Securities on Loan
(Cost $16,111,500)

 

     16,111,822  
    

 

 

 

TOTAL INVESTMENTS IN SECURITIES-106.40%
(Cost $286,294,252)

 

     271,424,367  

OTHER ASSETS LESS LIABILITIES-(6.40)%

 

     (16,334,172
    

 

 

 

NET ASSETS-100.00%

     $ 255,090,195  
    

 

 

 

 

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

 

 

  11  

 


 

Invesco Dynamic Leisure and Entertainment ETF (PEJ)–(continued)

October 31, 2020

(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 October 31, 2020.

(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 October 31, 2020.

 

                   Change in               
    Value    Purchases    Proceeds    Unrealized    Realized    Value    Dividend
    April 30, 2020    at Cost    from Sales    Appreciation    Gain    October 31, 2020    Income
Investments in Affiliated Money Market Funds:                                  
Invesco Government & Agency Portfolio, Institutional Class     $ -      $ 480,581      $ (142,005 )      $ -      $ -      $ 338,576      $ 5
Invesco Premier U.S. Government Money Portfolio, Institutional Class       121,538        3,040,032        (3,161,570 )        -        -        -        31
Investments Purchased with Cash Collateral from Securities on Loan:                                  
Invesco Private Government Fund       5,113,813        86,711,767        (87,274,941 )        -        -        4,550,639        2,041 *
Invesco Private Prime Fund       -        29,515,234        (17,954,745 )        322        372        11,561,183        2,225 *
   

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

 
Total     $ 5,235,351      $ 119,747,614      $ (108,533,261 )      $ 322      $ 372      $ 16,450,398      $ 4,302
   

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

 

 

*

Represents the income earned on the investment of cash collateral, which is included in securities lending income on the Statement 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 October 31, 2020.

(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 2J.

 

Portfolio Composition    
Sub-Industry Breakdown (% of the Fund’s Net Assets) as of October 31, 2020

 

Movies & Entertainment

    26.84    

Restaurants

    26.61    

Broadcasting

    16.10                                              

Internet & Direct Marketing Retail

    6.24    

Hotels, Resorts & Cruise Lines

    5.46    

Food Distributors

    5.45    

Casinos & Gaming

    5.37    

Interactive Media & Services

    5.01    

Multi-Sector Holdings

    2.87    

Money Market Funds Plus Other Assets Less Liabilities

    0.05    

 

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

 

 

  12  

 


 

Invesco Dynamic Media ETF (PBS)

October 31, 2020

(Unaudited)

 

Schedule of Investments(a)

 

        Shares                  Value          
Common Stocks & Other Equity Interests-99.97%

 

Advertising-8.28%     

Interpublic Group of Cos., Inc. (The)

    54,252      $ 981,419  

Omnicom Group, Inc.

    18,163        857,293  

TechTarget, Inc.(b)

    25,266        1,106,651  
    

 

 

 
       2,945,363  
    

 

 

 
Broadcasting-12.64%     

AMC Networks, Inc., Class A(b)(c)

    39,676        843,115  

Discovery, Inc., Class A(b)(c)

    43,668        883,841  

Fox Corp., Class A

    36,208        960,236  

Gray Television, Inc.(b)

    63,100        800,108  

ViacomCBS, Inc., Class B

    35,311        1,008,835  
    

 

 

 
       4,496,135  
    

 

 

 
Cable & Satellite-4.78%     

DISH Network Corp., Class A(b)

    28,760        733,092  

Sirius XM Holdings, Inc.(c)

    169,194        969,482  
    

 

 

 
       1,702,574  
    

 

 

 
Interactive Media & Services-41.65%     

Alphabet, Inc., Class A(b)

    1,124        1,816,508  

ANGI Homeservices, Inc., Class A(b)

    72,706        770,683  

EverQuote, Inc., Class A(b)

    27,141        908,952  

Facebook, Inc., Class A(b)

    6,242        1,642,333  

Match Group, Inc.(b)

    16,410        1,916,360  

Pinterest, Inc., Class A(b)

    28,943        1,706,190  

QuinStreet, Inc.(b)

    75,056        1,201,271  

SINA Corp. (China)(b)

    24,642        1,055,910  

Twitter, Inc.(b)

    45,311        1,874,063  

Yandex N.V., Class A (Russia)(b)

    15,455        889,744  

Zillow Group, Inc., Class C(b)

    11,711        1,037,829  
    

 

 

 
       14,819,843  
    

 

 

 
Internet & Direct Marketing Retail-6.61%     

Fiverr International Ltd. (Israel)(b)(c)

    8,770        1,284,103  

Qurate Retail, Inc., Class A

    157,496        1,066,248  
    

 

 

 
       2,350,351  
    

 

 

 
Movies & Entertainment-15.82%     

Lions Gate Entertainment Corp.,
Class A(b)(c)

    104,748        701,812  

Netflix, Inc.(b)

    3,477        1,654,148  
        Shares                  Value          
Movies & Entertainment-(continued)     

Spotify Technology S.A.(b)

    6,729      $ 1,614,220  

Walt Disney Co. (The)

    13,685        1,659,306  
    

 

 

 
       5,629,486  
    

 

 

 
Publishing-5.01%     

New York Times Co. (The), Class A

    23,017        912,854  

News Corp., Class A

    66,285        870,322  
    

 

 

 
       1,783,176  
    

 

 

 
Research & Consulting Services-5.18%     

IHS Markit Ltd.

    22,809        1,844,564  
    

 

 

 

Total Common Stocks & Other Equity Interests
(Cost $30,898,738)

 

     35,571,492  
    

 

 

 
Money Market Funds-0.29%     

Invesco Government & Agency Portfolio, Institutional Class, 0.01%(d)(e)
(Cost $104,008)

    104,008        104,008  
    

 

 

 

TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from securities on loan)-100.26%
(Cost $31,002,746)

 

     35,675,500  
    

 

 

 
Investments Purchased with Cash Collateral from Securities on Loan

 

  
Money Market Funds-7.48%     

Invesco Private Government Fund, 0.04%(d)(e)(f)

    1,064,421        1,064,421  

Invesco Private Prime Fund, 0.11%(d)(e)(f)

    1,596,153        1,596,631  
    

 

 

 

Total Investments Purchased with Cash Collateral from Securities on Loan
(Cost $2,661,052)

 

     2,661,052  
    

 

 

 

TOTAL INVESTMENTS IN SECURITIES-107.74%
(Cost $33,663,798)

 

     38,336,552  

OTHER ASSETS LESS LIABILITIES-(7.74)%

 

     (2,754,209
  

 

 

 

NET ASSETS-100.00%

 

   $ 35,582,343  
    

 

 

 

 

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

 

 

  13  

 


 

Invesco Dynamic Media ETF (PBS)–(continued)

October 31, 2020

(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 October 31, 2020.

(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 October 31, 2020.

 

                   Change in               
    Value    Purchases    Proceeds    Unrealized    Realized    Value    Dividend
    April 30, 2020    at Cost    from Sales    Appreciation    Gain    October 31, 2020    Income
Investments in Affiliated Money Market Funds:                                  
Invesco Government & Agency Portfolio, Institutional Class     $ -      $ 151,639      $ (47,631 )      $ -      $ -      $ 104,008      $ 2
Invesco Premier U.S. Government Money Portfolio, Institutional Class       105,640        702,371        (808,011 )        -        -        -        28
Investments Purchased with Cash Collateral from Securities on Loan:                                  

Invesco Private Government Fund

      4,547,956        18,636,776        (22,120,311 )        -        -        1,064,421        431 *

Invesco Private Prime Fund

      -        6,206,520        (4,610,038 )        -        149        1,596,631        365 *
   

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

 

Total

    $ 4,653,596      $ 25,697,306      $ (27,585,991 )      $ -      $ 149      $ 2,765,060      $ 826
   

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

 

 

*

Represents the income earned on the investment of cash collateral, which is included in securities lending income on the Statement 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 October 31, 2020.

(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 2J.

 

Portfolio Composition    
Sub-Industry Breakdown (% of the Fund’s Net Assets) as of October 31, 2020

 

Interactive Media & Services

    41.65                                                  

Movies & Entertainment

    15.82    

Broadcasting

    12.64    

Advertising

    8.28    

Internet & Direct Marketing Retail

    6.61    

Research & Consulting Services

    5.18    

Publishing

    5.01    

Cable & Satellite

    4.78    

Money Market Funds Plus Other Assets Less Liabilities

    0.03    

 

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

 

 

  14  

 


 

Invesco Dynamic Networking ETF (PXQ)

October 31, 2020

(Unaudited)

 

Schedule of Investments(a)

 

        Shares                  Value          
Common Stocks & Other Equity Interests-100.01%

 

Application Software-10.41%     

Citrix Systems, Inc.

    10,168      $ 1,151,730  

Datadog, Inc., Class A(b)

    31,690        2,875,867  

Dynatrace, Inc.(b)

    33,886        1,196,515  
    

 

 

 
       5,224,112  
    

 

 

 
Communications Equipment-31.35%     

AudioCodes Ltd. (Israel)

    45,652        1,323,452  

Calix, Inc.(b)

    70,696        1,654,993  

Ciena Corp.(b)

    25,830        1,017,444  

Cisco Systems, Inc.

    62,587        2,246,873  

CommScope Holding Co., Inc.(b)

    140,960        1,254,544  

Lumentum Holdings, Inc.(b)

    17,130        1,416,480  

Motorola Solutions, Inc.

    17,438        2,756,250  

NETGEAR, Inc.(b)

    43,353        1,336,139  

NetScout Systems, Inc.(b)

    62,017        1,272,589  

Ubiquiti, Inc.(c)

    7,844        1,455,925  
    

 

 

 
       15,734,689  
    

 

 

 
Consumer Electronics-2.92%     

Garmin Ltd.

    14,100        1,466,682  
    

 

 

 
Electronic Components-5.51%     

Amphenol Corp., Class A

    24,488        2,763,226  
    

 

 

 
Internet Services & Infrastructure-7.47%     

Akamai Technologies, Inc.(b)

    12,680        1,206,121  

Okta, Inc.(b)

    12,119        2,542,930  
    

 

 

 
       3,749,051  
    

 

 

 
Semiconductors-9.22%     

Inphi Corp.(b)

    12,950        1,809,892  

QUALCOMM, Inc.

    22,816        2,814,582  
    

 

 

 
       4,624,474  
    

 

 

 
Systems Software-28.54%     

Check Point Software Technologies Ltd. (Israel)(b)

    11,332        1,286,862  

Crowdstrike Holdings, Inc., Class A(b)

    12,321        1,525,833  

FireEye, Inc.(b)

    98,586        1,364,430  

Fortinet, Inc.(b)

    10,951        1,208,662  
        Shares                  Value          
Systems Software-(continued)     

Qualys, Inc.(b)

    13,552      $ 1,190,543  

SecureWorks Corp., Class A(b)

    118,739        1,234,886  

Tenable Holdings, Inc.(b)

    39,809        1,357,885  

Varonis Systems, Inc.(b)

    11,755        1,358,525  

VMware, Inc., Class A(b)(c)

    18,524        2,384,594  

Zscaler, Inc.(b)

    10,401        1,411,936  
    

 

 

 
       14,324,156  
    

 

 

 
Technology Hardware, Storage & Peripherals-4.59%

 

  

Apple, Inc.

    21,174        2,305,002  
    

 

 

 

Total Common Stocks & Other Equity Interests
(Cost $44,013,330)

 

     50,191,392  
    

 

 

 
Money Market Funds-0.21%

 

  

Invesco Government & Agency Portfolio, Institutional Class, 0.01%(d)(e)
(Cost $105,044)

    105,044        105,044  
    

 

 

 

TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from securities on loan)-100.22%
(Cost $44,118,374)

 

     50,296,436  
    

 

 

 
Investments Purchased with Cash Collateral from Securities on Loan

 

  
Money Market Funds-5.67%

 

  

Invesco Private Government Fund, 0.04%(d)(e)(f)

    1,138,646        1,138,646  

Invesco Private Prime Fund, 0.11%(d)(e)(f)

    1,707,457        1,707,969  
    

 

 

 

Total Investments Purchased with Cash Collateral from Securities on Loan
(Cost $2,846,615)

 

     2,846,615  
    

 

 

 

TOTAL INVESTMENTS IN SECURITIES-105.89%
(Cost $46,964,989)

 

     53,143,051  

OTHER ASSETS LESS LIABILITIES-(5.89)%

 

     (2,954,397
  

 

 

 

NET ASSETS-100.00%

 

   $ 50,188,654  
    

 

 

 

 

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 October 31, 2020.

(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 October 31, 2020.

 

                   Change in               
    Value    Purchases    Proceeds    Unrealized    Realized    Value    Dividend
    April 30, 2020    at Cost    from Sales    Appreciation    Gain    October 31, 2020    Income
Investments in Affiliated Money Market Funds:                                  
Invesco Government & Agency Portfolio, Institutional Class     $ -      $ 223,489      $ (118,445 )      $ -      $ -      $ 105,044      $ 1
Invesco Premier U.S. Government Money Portfolio, Institutional Class       -        340,136        (340,136 )        -        -        -        7

 

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

 

 

  15  

 


 

Invesco Dynamic Networking ETF (PXQ)–(continued)

October 31, 2020

(Unaudited)

 

                   Change in               
    Value    Purchases    Proceeds    Unrealized    Realized    Value    Dividend
    April 30, 2020    at Cost    from Sales    Appreciation    Gain    October 31, 2020    Income
Investments Purchased with Cash Collateral from Securities on Loan:                                  
Invesco Private Government Fund     $ 1,998,897      $ 19,012,200      $ (19,872,451 )      $ -      $ -      $ 1,138,646      $ 399 *
Invesco Private Prime Fund       -        6,495,857        (4,788,038 )        -        150        1,707,969        379 *
   

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

 
Total     $ 1,998,897      $ 26,071,682      $ (25,119,070 )      $ -      $ 150      $ 2,951,659      $ 786
   

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

 

 

*

Represents the income earned on the investment of cash collateral, which is included in securities lending income on the Statement 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 October 31, 2020.

(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 2J.

 

Portfolio Composition    
Sub-Industry Breakdown (% of the Fund’s Net Assets) as of October 31, 2020

 

Communications Equipment

    31.35    

Systems Software

    28.54    

Application Software

    10.41                                     

Semiconductors

    9.22    

Internet Services & Infrastructure

    7.47    

Electronic Components

    5.51    

Technology Hardware, Storage & Peripherals

    4.59    

Consumer Electronics

    2.92    

Money Market Funds Plus Other Assets Less Liabilities

    (0.01  

 

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

 

 

  16  

 


 

Invesco Dynamic Oil & Gas Services ETF (PXJ)

October 31, 2020

(Unaudited)

 

Schedule of Investments(a)

 

        Shares                  Value          
Common Stocks & Other Equity Interests-94.68%

 

Oil & Gas Drilling-14.72%     

Helmerich & Payne, Inc.

    28,754      $ 427,572  

Patterson-UTI Energy, Inc.

    82,702        211,717  

Transocean Ltd.(b)(c)

    254,724        170,792  
    

 

 

 
       810,081  
    

 

 

 
Oil & Gas Equipment & Services-66.56%     

Archrock, Inc.

    42,199        250,240  

Baker Hughes Co., Class A

    32,424        478,903  

Cactus, Inc., Class A

    13,922        236,674  

ChampionX Corp.(b)

    46,370        404,810  

Core Laboratories N.V.

    14,741        213,007  

Dril-Quip, Inc.(b)

    9,519        246,542  

Halliburton Co.

    29,813        359,545  

National Oilwell Varco, Inc.

    29,896        251,126  

RPC, Inc.(b)

    103,044        245,245  

Schlumberger Ltd.

    25,540        381,568  

TechnipFMC PLC (United Kingdom)

    62,843        347,522  

USA Compression Partners L.P.

    24,646        246,706  
    

 

 

 
       3,661,888  
    

 

 

 
Oil & Gas Storage & Transportation-13.40%     

DHT Holdings, Inc.

    51,166        246,109  

Frontline Ltd. (Norway)(c)

    45,188        244,467  

Scorpio Tankers, Inc. (Monaco)

    28,004        246,995  
    

 

 

 
       737,571  
    

 

 

 

Total Common Stocks & Other Equity Interests
(Cost $11,580,538)

       5,209,540  
    

 

 

 
        Shares                  Value          
Money Market Funds-1.41%

 

  

Invesco Government & Agency Portfolio, Institutional Class, 0.01%(d)(e)
(Cost $77,333)

    77,333      $ 77,333  
    

 

 

 

TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from securities on loan)-96.09%
(Cost $11,657,871)

 

     5,286,873  
    

 

 

 
Investments Purchased with Cash Collateral from Securities on Loan

 

  
Money Market Funds-11.09%

 

  

Invesco Private Government Fund, 0.04%(d)(e)(f)

    244,017        244,017  

Invesco Private Prime Fund, 0.11%(d)(e)(f)

    365,916        366,026  
    

 

 

 

Total Investments Purchased with Cash Collateral from Securities on Loan
(Cost $610,043)

 

     610,043  
    

 

 

 

TOTAL INVESTMENTS IN SECURITIES-107.18%
(Cost $12,267,914)

 

     5,896,916  

OTHER ASSETS LESS LIABILITIES-(7.18)%

 

     (394,927
    

 

 

 

NET ASSETS-100.00%

 

   $ 5,501,989  
    

 

 

 

 

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 October 31, 2020.

(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 October 31, 2020.

 

                   Change in               
    Value    Purchases    Proceeds    Unrealized    Realized    Value    Dividend
    April 30, 2020    at Cost    from Sales    Appreciation    Gain    October 31, 2020    Income
Investments in Affiliated Money Market Funds:                                  
Invesco Government & Agency Portfolio, Institutional Class     $ -      $ 190,191      $ (112,858 )      $ -      $ -      $ 77,333      $ 1
Invesco Premier U.S. Government Money Portfolio, Institutional Class       116,865        378,972        (495,837 )        -        -        -        29
Investments Purchased with Cash Collateral from Securities on Loan:                                  
Invesco Private Government Fund       693,740        3,698,923        (4,148,646 )        -        -        244,017        136 *
Invesco Private Prime Fund       -        1,285,369        (919,385 )        -        42        366,026        114 *
   

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

 
Total     $ 810,605      $ 5,553,455      $ (5,676,726 )      $ -      $ 42      $ 687,376      $ 280
   

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

 

 

*

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

 

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

 

 

  17  

 


 

Invesco Dynamic Oil & Gas Services ETF (PXJ)–(continued)

October 31, 2020

(Unaudited)

 

(e) 

The rate shown is the 7-day SEC standardized yield as of October 31, 2020.

(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 2J.

 

Portfolio Composition

 

Sub-Industry Breakdown (% of the Fund’s Net Assets) as of October 31, 2020

 

Oil & Gas Equipment & Services

    66.56                                                          

Oil & Gas Drilling

    14.72    

Oil & Gas Storage & Transportation

    13.40    
Money Market Funds Plus Other Assets Less Liabilities     5.32    

 

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

 

 

  18  

 


 

Invesco Dynamic Pharmaceuticals ETF (PJP)

October 31, 2020

(Unaudited)

 

Schedule of Investments(a)

 

        Shares                  Value          
Common Stocks & Other Equity Interests-99.99%

 

Biotechnology-36.67%     

AbbVie, Inc.

    175,776      $ 14,958,538  

Alexion Pharmaceuticals, Inc.(b)

    86,519        9,961,798  

Amgen, Inc.

    65,566        14,223,888  

Biogen, Inc.(b)

    32,874        8,286,549  

Emergent BioSolutions, Inc.(b)

    77,556        6,977,713  

Enanta Pharmaceuticals, Inc.(b)

    184,829        8,064,089  

Gilead Sciences, Inc.

    252,872        14,704,507  

Ligand Pharmaceuticals, Inc.(b)(c)

    88,803        7,321,807  

Regeneron Pharmaceuticals, Inc.(b)

    14,929        8,114,807  

Retrophin, Inc.(b)

    477,650        9,667,636  

United Therapeutics Corp.(b)

    86,879        11,661,768  
    

 

 

 
       113,943,100  
    

 

 

 
Health Care Equipment-5.04%     

Abbott Laboratories

    148,943        15,655,399  
    

 

 

 
Pharmaceuticals-58.28%     

Amphastar Pharmaceuticals, Inc.(b)

    452,015        8,854,974  

Bausch Health Cos., Inc.(b)(c)

    540,026        8,910,429  

Corcept Therapeutics, Inc.(b)

    736,793        12,363,386  

Eli Lilly and Co.

    111,269        14,516,154  

Endo International PLC(b)

    3,290,480        15,037,493  

Horizon Therapeutics PLC(b)

    125,194        9,380,786  

Innoviva, Inc.(b)

    787,345        8,511,199  

Jazz Pharmaceuticals PLC(b)

    70,586        10,171,443  

Johnson & Johnson

    108,353        14,856,280  

Merck & Co., Inc.

    193,147        14,526,586  

Mylan N.V.(b)

    567,394        8,249,909  

Pacira BioSciences, Inc.(b)

    152,222        7,961,211  

Perrigo Co. PLC

    175,233        7,687,472  

Pfizer, Inc.

    437,819        15,533,818  

Prestige Consumer Healthcare, Inc.(b)

    246,587        8,144,769  
        Shares                  Value          
Pharmaceuticals-(continued)     

Supernus Pharmaceuticals, Inc.(b)

    407,296      $ 7,477,954  

Taro Pharmaceutical Industries Ltd.(b)

    152,222        8,924,776  
    

 

 

 
       181,108,639  
    

 

 

 

Total Common Stocks & Other Equity Interests
(Cost $291,280,047)

 

     310,707,138  
    

 

 

 
Money Market Funds-0.03%

 

  

Invesco Government & Agency Portfolio, Institutional Class,
0.01%(d)(e)
(Cost $98,237)

    98,237        98,237  
    

 

 

 

TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from securities on loan)-100.02%
(Cost $291,378,284)

 

     310,805,375  
    

 

 

 
Investments Purchased with Cash Collateral from Securities on Loan

 

  
Money Market Funds-2.48%

 

  

Invesco Private Government Fund, 0.04%(d)(e)(f)

    3,084,057        3,084,057  

Invesco Private Prime Fund,
0.11%(d)(e)(f)

    4,624,699        4,626,086  
    

 

 

 

Total Investments Purchased with Cash Collateral from Securities on Loan
(Cost $7,709,995)

 

     7,710,143  
    

 

 

 

TOTAL INVESTMENTS IN SECURITIES-102.50%
(Cost $299,088,279)

 

     318,515,518  

OTHER ASSETS LESS LIABILITIES-(2.50)%

 

     (7,770,624
    

 

 

 

NET ASSETS-100.00%

 

   $ 310,744,894  
    

 

 

 

 

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 October 31, 2020.

(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 October 31, 2020.

 

                   Change in               
    Value    Purchases    Proceeds    Unrealized    Realized    Value    Dividend
    April 30, 2020    at Cost    from Sales    Appreciation    Gain    October 31, 2020    Income
Investments in Affiliated Money Market Funds:                                  
Invesco Government & Agency Portfolio, Institutional Class     $ -      $ 921,923      $ (823,686 )      $ -      $ -      $ 98,237      $ 4
Invesco Premier U.S. Government Money Portfolio, Institutional Class       -        2,745,516        (2,745,516 )        -        -        -        47

 

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

 

 

  19  

 


 

Invesco Dynamic Pharmaceuticals ETF (PJP)–(continued)

October 31, 2020

(Unaudited)

 

                   Change in               
    Value    Purchases    Proceeds    Unrealized    Realized    Value    Dividend
    April 30, 2020    at Cost    from Sales    Appreciation    Gain    October 31, 2020    Income
Investments Purchased with Cash Collateral from Securities on Loan:                                  

Invesco Private Government Fund

    $ 8,293,767      $ 19,766,469      $ (24,976,179 )      $ -      $ -      $ 3,084,057      $ 1,536 *

Invesco Private Prime Fund

      -        10,105,447        (5,479,855 )        148        346        4,626,086        1,354 *
   

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

 

Total

    $ 8,293,767      $ 33,539,355      $ (34,025,236 )      $ 148      $ 346      $ 7,808,380      $ 2,941
   

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

 

 

*

Represents the income earned on the investment of cash collateral, which is included in securities lending income on the Statement 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 October 31, 2020.

(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 2J.

 

Portfolio Composition    
Sub-Industry Breakdown (% of the Fund’s Net Assets) as of October 31, 2020

 

Pharmaceuticals

    58.28                                              

Biotechnology

    36.67    

Health Care Equipment

    5.04    
Money Market Funds Plus Other Assets Less Liabilities     0.01    

 

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

 

 

  20  

 


 

Invesco Dynamic Semiconductors ETF (PSI)

October 31, 2020

(Unaudited)

 

Schedule of Investments(a)

 

        Shares                  Value          
Common Stocks & Other Equity Interests-100.01%

 

Electronic Equipment & Instruments-2.60%

 

  

nLight, Inc.(b)

    337,768      $ 7,174,192  
Semiconductor Equipment-44.05%     

ACM Research, Inc., Class A(b)

    82,359        5,795,603  

Amkor Technology, Inc.(b)

    596,616        7,069,900  

Applied Materials, Inc.

    221,122        13,097,056  

Axcelis Technologies, Inc.(b)

    317,824        7,014,376  

Brooks Automation, Inc.

    146,239        6,829,361  

Cohu, Inc.

    443,484        9,636,907  

Entegris, Inc.

    110,283        8,245,860  

FormFactor, Inc.(b)

    282,964        8,022,029  

KLA Corp.

    67,088        13,228,412  

Lam Research Corp.

    40,171        13,741,696  

MKS Instruments, Inc.

    63,088        6,838,108  

Nova Measuring Instruments Ltd. (Israel)(b)

    141,348        7,863,189  

Teradyne, Inc.

    88,247        7,752,499  

Ultra Clean Holdings, Inc.(b)

    311,603        6,634,028  
    

 

 

 
       121,769,024  
    

 

 

 
Semiconductors-53.36%     

Advanced Micro Devices, Inc.(b)

    163,678        12,323,317  

CEVA, Inc.(b)

    180,323        7,270,623  

Inphi Corp.(b)

    66,991        9,362,662  

Lattice Semiconductor Corp.(b)

    259,237        9,047,371  

MACOM Technology Solutions Holdings, Inc.(b)

    209,568        7,649,232  
        Shares                  Value          
Semiconductors-(continued)     

Maxim Integrated Products, Inc.

    106,819      $ 7,439,943  

Microchip Technology, Inc.

    127,700        13,418,716  

Monolithic Power Systems, Inc.

    28,338        9,056,825  

NVIDIA Corp.

    27,153        13,613,428  

ON Semiconductor Corp.(b)

    350,754        8,800,418  

Power Integrations, Inc.

    134,561        8,101,918  

Semtech Corp.(b)

    125,593        6,893,800  

Skyworks Solutions, Inc.

    97,903        13,832,715  

Synaptics, Inc.(b)

    86,995        6,669,907  

Texas Instruments, Inc.

    96,941        14,016,699  
    

 

 

 
       147,497,574  
    

 

 

 

Total Common Stocks & Other Equity Interests
(Cost $219,239,294)

 

     276,440,790  
    

 

 

 
Money Market Funds-0.05%

 

  

Invesco Government & Agency Portfolio, Institutional Class, 0.01%(c)(d)
(Cost $138,888)

    138,888        138,888  
    

 

 

 

TOTAL INVESTMENTS IN SECURITIES-100.06%
(Cost $219,378,182)

 

     276,579,678  

OTHER ASSETS LESS LIABILITIES-(0.06)%

 

     (155,648
    

 

 

 

NET ASSETS-100.00%

     $ 276,424,030  
    

 

 

 

 

Notes to Schedule of Investments:

(a) 

Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.

(b) 

Non-income producing security.

(c) 

Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the six months ended October 31, 2020.

 

                   Change in               
    Value    Purchases    Proceeds    Unrealized    Realized    Value    Dividend
    April 30, 2020    at Cost    from Sales    Appreciation    Gain    October 31, 2020    Income
Investments in Affiliated Money Market Funds:                                  
Invesco Government & Agency Portfolio, Institutional Class     $ -      $ 493,145      $ (354,257 )      $ -      $ -      $ 138,888      $ 4
Invesco Premier U.S. Government Money Portfolio, Institutional Class       396,362        1,473,582        (1,869,944 )        -        -        -        45
Investments Purchased with Cash Collateral from Securities on Loan:                                  
Invesco Private Government Fund       567,334        8,236,317        (8,803,651 )        -        -        -        31 *
Invesco Private Prime Fund       -        4,354,681        (4,354,707 )        -        26        -        47 *
   

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

 
Total     $ 963,696      $ 14,557,725      $ (15,382,559 )      $ -      $ 26      $ 138,888      $ 127
   

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

 

 

*

Represents the income earned on the investment of cash collateral, which is included in securities lending income on the Statement 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 October 31, 2020.

 

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

 

 

  21  

 


 

Invesco Dynamic Semiconductors ETF (PSI)–(continued)

October 31, 2020

(Unaudited)

 

Portfolio Composition    
Sub-Industry Breakdown (% of the Fund’s Net Assets) as of October 31, 2020

 

Semiconductors

    53.36                                                  

Semiconductor Equipment

    44.05    

Electronic Equipment & Instruments

    2.60    

Money Market Funds Plus Other Assets Less Liabilities

    (0.01  

 

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

 

 

  22  

 


 

Invesco Dynamic Software ETF (PSJ)

October 31, 2020

(Unaudited)

 

Schedule of Investments(a)

 

        Shares                  Value          
Common Stocks & Other Equity Interests-100.08%

 

Alternative Carriers-2.93%     

Bandwidth, Inc., Class A(b)

    92,722      $ 14,868,436  
    

 

 

 
Application Software-39.35%     

Adobe, Inc.(b)

    49,630        22,189,573  

Avalara, Inc.(b)

    107,191        15,976,819  

Avaya Holdings Corp.(b)

    914,877        15,735,884  

Blackline, Inc.(b)

    162,851        15,907,286  

Cerence, Inc.(b)

    267,882        14,621,000  

Citrix Systems, Inc.

    97,123        11,001,122  

DocuSign, Inc.(b)

    117,926        23,850,533  

Dynatrace, Inc.(b)

    323,681        11,429,176  

Everbridge, Inc.(b)

    95,253        9,972,037  

Fair Isaac Corp.(b)

    32,505        12,724,082  

Five9, Inc.(b)

    109,511        16,615,009  

Nuance Communications, Inc.(b)

    465,767        14,862,625  

SPS Commerce, Inc.(b)

    171,569        14,684,591  
    

 

 

 
       199,569,737  
    

 

 

 
Cable & Satellite-5.01%     

Liberty Broadband Corp., Class C(b)

    179,330        25,412,854  
    

 

 

 
Data Processing & Outsourced Services-5.30%

 

  

Black Knight, Inc.(b)

    165,426        14,549,217  

Jack Henry & Associates, Inc.

    83,295        12,348,484  
    

 

 

 
       26,897,701  
    

 

 

 
Electronic Components-2.92%     

Dolby Laboratories, Inc., Class A

    197,550        14,832,054  
    

 

 

 
Health Care Technology-2.11%     

Inovalon Holdings, Inc., Class A(b)

    564,094        10,712,145  
    

 

 

 
        Shares                  Value          
Interactive Home Entertainment-11.18%     

Activision Blizzard, Inc.

    301,870      $ 22,860,615  

Electronic Arts, Inc.(b)

    178,647        21,407,270  

Glu Mobile, Inc.(b)

    1,735,508        12,426,237  
    

 

 

 
       56,694,122  
    

 

 

 
Interactive Media & Services-9.05%

 

  

Snap, Inc., Class A(b)

    1,164,989        45,888,917  
    

 

 

 
Internet Services & Infrastructure-4.39%

 

  

Shopify, Inc., Class A (Canada)(b)

    24,041        22,248,263  
    

 

 

 
Movies & Entertainment-3.43%

 

  

Roku, Inc.(b)

    85,821        17,370,170  
    

 

 

 
Semiconductors-2.83%     

Rambus, Inc.(b)

    1,041,437        14,361,416  
    

 

 

 
Systems Software-11.58%     

Microsoft Corp.

    111,779        22,631,894  

NortonLifeLock, Inc.

    571,562        11,757,030  

Qualys, Inc.(b)

    129,447        11,371,919  

Tenable Holdings, Inc.(b)

    381,095        12,999,151  
    

 

 

 
       58,759,994  
    

 

 

 

TOTAL INVESTMENTS IN SECURITIES-100.08%
(Cost $438,052,688)

 

     507,615,809  

OTHER ASSETS LESS LIABILITIES-(0.08)%

 

     (383,059
    

 

 

 

NET ASSETS-100.00%

     $ 507,232,750  
    

 

 

 

 

Notes to Schedule of Investments:

(a) 

Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.

(b) 

Non-income producing security.

Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the six months ended October 31, 2020.

 

                   Change in               
    Value    Purchases    Proceeds    Unrealized    Realized    Value    Dividend
    April 30, 2020    at Cost    from Sales    Appreciation    Gain    October 31, 2020    Income
Investments in Affiliated Money Market Funds:                                  
Invesco Government & Agency Portfolio, Institutional Class     $ -      $ 274,985      $ (274,985 )      $ -      $ -      $ -      $ 2
Invesco Premier U.S. Government Money Portfolio, Institutional Class       144,610        2,741,531        (2,886,141 )        -        -        -        104
Investments Purchased with Cash Collateral from Securities on Loan:                                  
Invesco Private Government Fund       3,593,790        35,210,356        (38,804,146 )        -        -        -        529 *
Invesco Private Prime Fund       -        8,816,434        (8,816,708 )        -        274        -        311 *

 

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

 

 

  23  

 


 

Invesco Dynamic Software ETF (PSJ)–(continued)

October 31, 2020

(Unaudited)

 

                   Change in               
    Value    Purchases    Proceeds    Unrealized    Realized    Value    Dividend
    April 30, 2020    at Cost    from Sales    Appreciation    Gain    October 31, 2020    Income
Investments in Other Affiliates:                                  

Sciplay Corp., Class A

    $ 12,666,267      $ 7,639,840      $ (24,067,809 )      $ 2,391,823      $ 1,369,879      $ -      $ -
   

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

 

Total

    $ 16,404,667      $ 54,683,146      $ (74,849,789 )      $ 2,391,823      $ 1,370,153      $ -      $ 946
   

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

      

 

 

 

 

*

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

 

Portfolio Composition    
Sub-Industry Breakdown (% of the Fund’s Net Assets) as of October 31, 2020

 

Application Software

    39.35                                                  

Systems Software

    11.58    

Interactive Home Entertainment

    11.18    

Interactive Media & Services

    9.05    

Data Processing & Outsourced Services

    5.30    

Cable & Satellite

    5.01    

Internet Services & Infrastructure

    4.39    

Movies & Entertainment

    3.43    

Sub-Industry Types Each Less Than 3%

    10.79    

Other Assets Less Liabilities

    (0.08  

 

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

 

 

  24  

 


 

 

    

(This Page Intentionally Left Blank)

    

 

 

  25  

 


 

Statements of Assets and Liabilities

October 31, 2020

(Unaudited)

 

    Invesco
Dynamic
Biotechnology &
Genome

ETF (PBE)
   Invesco
Dynamic Building &
Construction

ETF (PKB)
   Invesco
Dynamic Energy
Exploration &
Production

ETF (PXE)
   Invesco
Dynamic Food &
Beverage

ETF (PBJ)
Assets:                   

Unaffiliated investments in securities, at value(a)

    $ 218,345,040      $ 136,973,600      $ 12,395,992      $ 69,336,190

Affiliated investments in securities, at value

      33,296,760        4,470,472        855,751        5,990,560

Cash

      -        -        -        124

Receivable for:

                  

Dividends

      2        36,909        9,673        77,597

Securities lending

      4,054        1,834        220        3,631

Investments sold

      -        -        -        -

Investments sold - affiliated broker

      -        -        -        -

Expenses absorbed

      -        -        3,043        -

Other assets

      1,047        1,438        1,646        1,047