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Invesco Semi-Annual Report to Shareholders

 

February 28, 2023

    

 

  QQMG   Invesco ESG NASDAQ 100 ETF
  QQJG   Invesco ESG NASDAQ Next Gen 100 ETF
  QQQM   Invesco NASDAQ 100 ETF
  QQQS   Invesco NASDAQ Future Gen 200 ETF
  QQQJ   Invesco NASDAQ Next Gen 100 ETF


 

 

Table of Contents

 

Schedules of Investments

  

Invesco ESG NASDAQ 100 ETF (QQMG)

     3  

Invesco ESG NASDAQ Next Gen 100 ETF (QQJG)

     6  

Invesco NASDAQ 100 ETF (QQQM)

     9  

Invesco NASDAQ Future Gen 200 ETF (QQQS)

     12  

Invesco NASDAQ Next Gen 100 ETF (QQQJ)

     15  

Statements of Assets and Liabilities

     18  

Statements of Operations

     19  

Statements of Changes in Net Assets

     20  

Financial Highlights

     22  

Notes to Financial Statements

     27  

Fund Expenses

     37  

Approval of Investment Advisory Contracts

     39  

 

    2    

 

 

 

 


 

Invesco ESG NASDAQ 100 ETF (QQMG)

February 28, 2023

(Unaudited)

Schedule of Investments(a)

 

        Shares      Value  

Common Stocks & Other Equity Interests-99.91%

 

Communication Services-12.68%

 

Activision Blizzard, Inc.

     884      $ 67,405  

Alphabet, Inc., Class A(b)

     3,288       296,117  

Alphabet, Inc., Class C(b)

     3,287       296,816  

Charter Communications, Inc., Class A(b)(c)

     116       42,644  

Comcast Corp., Class A

     3,099       115,190  

Electronic Arts, Inc.

     386       42,823  

Meta Platforms, Inc., Class A(b)

     579       101,290  

Netflix, Inc.(b)

     500       161,065  

Sirius XM Holdings, Inc.(c)

     4,281       18,793  

T-Mobile US, Inc.(b)

     832       118,294  
    

 

 

 
       1,260,437  
    

 

 

 

Consumer Discretionary-11.76%

    

Airbnb, Inc., Class A(b)

     314       38,710  

Amazon.com, Inc.(b)

     3,440       324,151  

Booking Holdings, Inc.(b)

     32       80,768  

Dollar Tree, Inc.(b)

     260       37,773  

eBay, Inc.

     584       26,806  

JD.com, Inc., ADR (China)

     281       12,488  

Lucid Group, Inc.(b)(c)

     1,505       13,741  

lululemon athletica, inc.(b)

     138       42,669  

Marriott International, Inc., Class A

     273       46,202  

MercadoLibre, Inc. (Brazil)(b)

     43       52,460  

O’Reilly Automotive, Inc.(b)

     82       68,068  

PDD Holdings Inc., ADR (China)(b)

     239       20,967  

Rivian Automotive, Inc., Class A(b)(c)

     490       9,457  

Ross Stores, Inc.

     394       43,553  

Starbucks Corp.

     813       82,999  

Tesla, Inc.(b)

     1,304       268,246  
    

 

 

 
       1,169,058  
    

 

 

 

Consumer Staples-6.17%

    

Costco Wholesale Corp.

     330       159,780  

Keurig Dr Pepper, Inc.

     1,138       39,318  

Kraft Heinz Co. (The)

     279       10,864  

Mondelez International, Inc., Class A

     1,141       74,370  

Monster Beverage Corp.(b)

     262       26,661  

PepsiCo, Inc.

     1,541       267,410  

Walgreens Boots Alliance, Inc.

     968       34,393  
    

 

 

 
       612,796  
    

 

 

 

Health Care-6.48%

    

Align Technology, Inc.(b)

     76       23,522  

Amgen, Inc.

     457       105,869  

AstraZeneca PLC, ADR (United Kingdom)

     512       33,372  

Biogen, Inc.(b)

     124       33,463  

DexCom, Inc.(b)

     297       32,970  

Gilead Sciences, Inc.

     1,014       81,658  

IDEXX Laboratories, Inc.(b)

     80       37,859  

Illumina, Inc.(b)

     216       43,027  

Intuitive Surgical, Inc.(b)

     271       62,165  

Moderna, Inc.(b)

     184       25,541  

Regeneron Pharmaceuticals, Inc.(b)

     110       83,646  

Seagen, Inc.(b)

     113       20,305  

Vertex Pharmaceuticals, Inc.(b)

     208       60,380  
    

 

 

 
       643,777  
    

 

 

 
        Shares      Value  

Industrials-2.65%

    

Cintas Corp.

     101      $ 44,285  

Copart, Inc.(b)

     491       34,596  

CoStar Group, Inc.(b)

     250       17,665  

CSX Corp.

     1,974       60,187  

Fastenal Co.(c)

     367       18,923  

Old Dominion Freight Line, Inc.

     118       40,033  

PACCAR, Inc.

     301       21,732  

Verisk Analytics, Inc.

     153       26,180  
    

 

 

 
       263,601  
    

 

 

 

Information Technology-60.17%

    

Adobe, Inc.(b)

     600       194,370  

Advanced Micro Devices, Inc.(b)

     1,516       119,127  

ANSYS, Inc.(b)

     111       33,701  

Apple, Inc.

     9,052       1,334,355  

Applied Materials, Inc.

     1,154       134,037  

ASML Holding N.V., New York Shares (Netherlands)

     121       74,745  

Atlassian Corp., Class A(b)

     156       25,636  

Autodesk, Inc.(b)

     244       48,480  

Automatic Data Processing, Inc.

     508       111,669  

Broadcom, Inc.

     332       197,304  

Cadence Design Systems, Inc.(b)

     360       69,458  

Cisco Systems, Inc.

     5,282       255,754  

Cognizant Technology Solutions Corp., Class A

     619       38,768  

Crowdstrike Holdings, Inc., Class A(b)

     178       21,483  

Datadog, Inc., Class A(b)

     256       19,589  

Enphase Energy, Inc.(b)

     69       14,527  

Fiserv, Inc.(b)

     638       73,427  

Fortinet, Inc.(b)

     770       45,769  

Intel Corp.

     4,424       110,290  

Intuit, Inc.

     315       128,262  

KLA Corp.

     154       58,425  

Lam Research Corp.

     170       82,622  

Marvell Technology, Inc.

     918       41,448  

Microchip Technology, Inc.

     234       18,961  

Micron Technology, Inc.

     1,161       67,129  

Microsoft Corp.

     5,252       1,309,954  

NVIDIA Corp.

     2,884       669,549  

NXP Semiconductors N.V. (China)

     225       40,158  

Palo Alto Networks, Inc.(b)(c)

     368       69,320  

Paychex, Inc.

     381       42,062  

PayPal Holdings, Inc.(b)

     1,256       92,442  

QUALCOMM, Inc.

     1,237       152,807  

Synopsys, Inc.(b)

     191       69,478  

Texas Instruments, Inc.

     784       134,417  

Workday, Inc., Class A(b)

     256       47,480  

Zoom Video Communications, Inc.,
Class A(b)(c)

     242       18,051  

Zscaler, Inc.(b)(c)

     127       16,655  
    

 

 

 
       5,981,709  
    

 

 

 

Total Common Stocks & Other Equity Interests
(Cost $12,077,806)

 

    9,931,378  
    

 

 

 

 

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

 

    3    

 

 

 

 


 

Invesco ESG NASDAQ 100 ETF (QQMG)–(continued)

February 28, 2023

(Unaudited)

    

 

        Shares       Value  

Money Market Funds-0.02%

 

Invesco Government & Agency Portfolio, Institutional Class, 4.51%(d)(e)
(Cost $2,172)

     2,172      $ 2,172  
     

 

 

 

TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from securities on loan)-99.93%
(Cost $12,079,978)

 

     9,933,550  
     

 

 

 
Investments Purchased with Cash Collateral from Securities on Loan

 

Money Market Funds-2.09%

 

Invesco Private Government Fund,
4.58%(d)(e)(f)

     58,303        58,303  
        Shares       Value  

Money Market Funds-(continued)

 

Invesco Private Prime Fund, 4.83%(d)(e)(f)

     149,891      $ 149,921  
     

 

 

 

Total Investments Purchased with Cash Collateral from Securities on Loan
(Cost $208,224)

 

     208,224  
     

 

 

 

TOTAL INVESTMENTS IN SECURITIES-102.02%
(Cost $12,288,202)

 

     10,141,774  

OTHER ASSETS LESS LIABILITIES-(2.02)%

 

     (201,076
     

 

 

 

NET ASSETS-100.00%

      $ 9,940,698  
     

 

 

 

Investment Abbreviations:

ADR-American Depositary Receipt

Notes to Schedule of Investments:

(a) 

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

(b) 

Non-income producing security.

(c) 

All or a portion of this security was out on loan at February 28, 2023.

(d) 

Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the six months ended February 28, 2023.

 

    Value
August 31, 2022
  Purchases
at Cost
  Proceeds
from  Sales
  Change in
Unrealized
Appreciation
      Realized
Gain

(Loss)
      Value
February 28, 2023
  Dividend
Income

Investments in Affiliated Money Market Funds:

                                                         

Invesco Government & Agency Portfolio, Institutional Class

      $ -           $ 65,268         $ (63,096 )         $ -         $ -         $ 2,172         $ 88         

Investments Purchased with Cash Collateral from Securities on Loan:

                                                                   

Invesco Private Government Fund

        20,569           251,730           (213,996 )           -           -           58,303           368 *    

Invesco Private Prime Fund

        52,891           444,670           (347,637 )           -           (3 )           149,921                968 *    
     

 

 

         

 

 

         

 

 

         

 

 

         

 

 

         

 

 

         

 

 

     

Total

      $ 73,460         $ 761,668         $ (624,729 )         $ -         $ (3 )         $ 210,396         $ 1,424    
     

 

 

         

 

 

         

 

 

         

 

 

         

 

 

         

 

 

         

 

 

     

 

*

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

 

(e) 

The rate shown is the 7-day SEC standardized yield as of February 28, 2023.

(f) 

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

 

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

 

    4    

 

 

 

 


 

Invesco ESG NASDAQ 100 ETF (QQMG)–(continued)

February 28, 2023

(Unaudited)

    

 

Portfolio Composition

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

as of February 28, 2023

Information Technology

     60.17     

Communication Services

     12.68     

Consumer Discretionary

     11.76     

Health Care

     6.48     

Consumer Staples

     6.17     

Industrials

     2.65     

Money Market Funds Plus Other Assets Less Liabilities

     0.09     

 

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

 

    5    

 

 

 

 


 

Invesco ESG NASDAQ Next Gen 100 ETF (QQJG)

February 28, 2023

(Unaudited)

Schedule of Investments(a)

 

        Shares      Value  

Common Stocks & Other Equity Interests-99.88%

 

Communication Services-12.34%

 

Fox Corp., Class A

     1,100      $ 38,522  

Fox Corp., Class B

     874       28,186  

Liberty Broadband Corp., Class A(b)(c)

     45       3,903  

Liberty Broadband Corp., Class C(b)

     304       26,348  

Liberty Global PLC, Class A (United Kingdom)(b)

     381       7,807  

Liberty Global PLC, Class C (United Kingdom)(b)(c)

     609       12,941  

Liberty Media Corp.-Liberty Formula One, Class C(b)

     631       42,826  

Match Group, Inc.(b)

     780       32,308  

News Corp., Class A

     1,479       25,365  

News Corp., Class B

     748       12,910  

Paramount Global, Class B(c)

     2,024       43,354  

Take-Two Interactive Software, Inc.(b)

     584       63,977  

Trade Desk, Inc. (The), Class A(b)

     868       48,573  

ZoomInfo Technologies, Inc., Class A(b)

     952       23,010  
    

 

 

 
          410,030  
    

 

 

 

Consumer Discretionary-13.59%

    

Etsy, Inc.(b)

     299       36,302  

Expedia Group, Inc.(b)

     286       31,166  

Five Below, Inc.(b)(c)

     161       32,892  

Hasbro, Inc.

     608       33,446  

LKQ Corp.

     972       55,686  

Pool Corp.

     142       50,674  

Tractor Supply Co.

     386       90,038  

Trip.com Group Ltd., ADR (China)(b)(c)

     941       33,453  

Ulta Beauty, Inc.(b)

     169       87,677  
    

 

 

 
       451,334  
    

 

 

 

Consumer Staples-2.63%

    

Coca-Cola Europacific Partners PLC (United Kingdom)(c)

     1,587       87,285  
    

 

 

 

Health Care-18.27%

    

Acadia Healthcare Co., Inc.(b)

     140       10,151  

Alnylam Pharmaceuticals, Inc.(b)

     171       32,738  

Argenx SE, ADR (Netherlands)(b)

     30       10,981  

BeiGene Ltd., ADR (China)(b)(c)

     84       18,869  

BioMarin Pharmaceutical, Inc.(b)

     348       34,657  

Bio-Techne Corp.

     465       33,778  

Bruker Corp.

     381       26,258  

Henry Schein, Inc.(b)

     483       37,824  

Hologic, Inc.(b)

     378       30,104  

Horizon Therapeutics PLC(b)

     139       15,219  

ICON PLC(b)

     317       71,525  

Incyte Corp.(b)

     484       37,258  

Insulet Corp.(b)

     134       37,032  

Jazz Pharmaceuticals PLC(b)

     114       16,006  

Karuna Therapeutics, Inc.(b)(c)

     37       7,378  

Neurocrine Biosciences, Inc.(b)

     196       20,208  

Novocure Ltd.(b)(c)

     93       7,158  

R1 RCM, Inc.(b)

     901       12,794  

Repligen Corp.(b)

     180       31,387  

Royalty Pharma PLC, Class A

     642       23,016  

Sanofi, ADR

     716       33,545  

Sarepta Therapeutics, Inc.(b)

     84       10,259  

Shockwave Medical, Inc.(b)

     50       9,512  
        Shares      Value  

Health Care-(continued)

    

United Therapeutics Corp.(b)

     86     $ 21,159  

Viatris, Inc.

     1,566        17,852  
    

 

 

 
       606,668  
    

 

 

 

Industrials-9.67%

    

American Airlines Group, Inc.(b)

     953       15,229  

Avis Budget Group, Inc.(b)

     111       24,382  

C.H. Robinson Worldwide, Inc.

     315       31,488  

Expeditors International of Washington, Inc.

     516       53,953  

Grab Holdings Ltd., Class A (Singapore)(b)(c)

     8,309       26,672  

J.B. Hunt Transport Services, Inc.

     363       65,627  

Lincoln Electric Holdings, Inc.

     140       23,510  

Middleby Corp. (The)(b)

     65       10,107  

Nordson Corp.

     103       22,623  

Tetra Tech, Inc.

     160       21,902  

United Airlines Holdings, Inc.(b)

     495       25,720  
    

 

 

 
       321,213  
    

 

 

 

Information Technology-42.70%

    

Akamai Technologies, Inc.(b)

     496       36,010  

Amdocs Ltd.

     449       41,133  

Bentley Systems, Inc., Class B

     889       35,969  

CDW Corp.

     559       113,153  

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

     285       35,260  

Cognex Corp.

     639       30,301  

DocuSign, Inc.(b)

     572       35,092  

Entegris, Inc.

     345       29,404  

F5, Inc.(b)

     168       24,021  

First Solar, Inc.

     307       51,926  

Flex Ltd.(b)

     2,063       46,954  

Gen Digital, Inc.

     2,183       42,590  

Jack Henry & Associates, Inc.

     240       39,418  

Logitech International S.A., Class R (Switzerland)

     602       32,839  

Manhattan Associates, Inc.(b)

     185       26,594  

MongoDB, Inc.(b)

     174       36,456  

Monolithic Power Systems, Inc.

     121       58,599  

NetApp, Inc.

     713       46,024  

Okta, Inc.(b)

     454       32,366  

ON Semiconductor Corp.(b)

     777       60,148  

Open Text Corp. (Canada)

     834       28,673  

Paylocity Holding Corp.(b)

     138       26,580  

PTC, Inc.(b)

     332       41,609  

Qorvo, Inc.(b)

     149       15,033  

Seagate Technology Holdings PLC

     731       47,193  

Skyworks Solutions, Inc.

     255       28,450  

SolarEdge Technologies, Inc.(b)

     115       36,561  

Splunk, Inc.(b)

     482       49,405  

SS&C Technologies Holdings, Inc.

     607       35,631  

Teradyne, Inc.

     504       50,974  

Trimble, Inc.(b)

     896       46,646  

VeriSign, Inc.(b)

     264       51,963  

Western Digital Corp.(b)

     1,235       47,523  

Zebra Technologies Corp., Class A(b)

     192       57,648  
    

 

 

 
       1,418,146  
    

 

 

 

Materials-0.68%

    

Steel Dynamics, Inc.

     180       22,700  
    

 

 

 

Total Common Stocks & Other Equity Interests
(Cost $3,581,283)

 

    3,317,376  
    

 

 

 

 

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

 

    6    

 

 

 

 


 

Invesco ESG NASDAQ Next Gen 100 ETF (QQJG)–(continued)

February 28, 2023

(Unaudited)

    

 

        Shares      Value  

Money Market Funds-0.07%

 

Invesco Government & Agency Portfolio, Institutional Class, 4.51%(d)(e)
(Cost $2,460)

     2,460      $ 2,460  
    

 

 

 

TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from securities on loan)-99.95%
(Cost $3,583,743)

 

    3,319,836  
    

 

 

 
Investments Purchased with Cash Collateral from Securities on Loan

 

Money Market Funds-8.16%

 

Invesco Private Government Fund,
4.58%(d)(e)(f)

     75,931       75,931  
        Shares      Value  

Money Market Funds-(continued)

 

Invesco Private Prime Fund, 4.83%(d)(e)(f)

     195,212      $ 195,251  
    

 

 

 

Total Investments Purchased with Cash Collateral from Securities on Loan
(Cost $271,189)

 

    271,182  
    

 

 

 

TOTAL INVESTMENTS IN SECURITIES-108.11%
(Cost $3,854,932)

 

    3,591,018  

OTHER ASSETS LESS LIABILITIES-(8.11)%

 

    (269,479
    

 

 

 

NET ASSETS-100.00%

     $ 3,321,539  
    

 

 

 

Investment Abbreviations:

ADR-American Depositary Receipt

Notes to Schedule of Investments:

(a) 

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

(b) 

Non-income producing security.

(c) 

All or a portion of this security was out on loan at February 28, 2023.

(d) 

Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the six months ended February 28, 2023.

 

    Value
August 31, 2022
  Purchases
at Cost
  Proceeds
from Sales
  Change in
Unrealized
Appreciation
(Depreciation)
  Realized
Gain
  Value
February 28, 2023
  Dividend
Income

Investments in Affiliated Money Market Funds:

                                                         

Invesco Government & Agency Portfolio, Institutional Class

      $        279         $    16,099         $ (13,918 )         $ -         $ -             $     2,460         $ 24

Investments Purchased with Cash Collateral from Securities on Loan:

                                                                   

Invesco Private Government Fund

        38,307           547,120           (509,496 )           -           -               75,931           1,051 *

Invesco Private Prime Fund

        98,504           1,242,868                (1,146,143 )           (10 )           32                    195,251                2,916 *
     

 

 

         

 

 

         

 

 

         

 

 

         

 

 

             

 

 

         

 

 

 

Total

      $ 137,090         $ 1,806,087         $ (1,669,557 )         $ (10 )         $ 32             $ 273,642         $ 3,991
     

 

 

         

 

 

         

 

 

         

 

 

         

 

 

             

 

 

         

 

 

 

 

*

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

 

(e)

The rate shown is the 7-day SEC standardized yield as of February 28, 2023.

(f) 

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

 

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

 

    7    

 

 

 

 


 

Invesco ESG NASDAQ Next Gen 100 ETF (QQJG)–(continued)

February 28, 2023

(Unaudited)

    

 

Portfolio Composition

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

as of February 28, 2023

Information Technology

     42.70     

Health Care

     18.27     

Consumer Discretionary

     13.59     

Communication Services

     12.34     

Industrials

     9.67     

Sector Types Each Less Than 3%

     3.31     

Money Market Funds Plus Other Assets Less Liabilities

     0.12     

 

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

 

    8    

 

 

 

 


 

Invesco NASDAQ 100 ETF (QQQM)

February 28, 2023

(Unaudited)

Schedule of Investments(a)

 

        Shares      Value  

Common Stocks & Other Equity Interests-99.97%

 

Communication Services-16.02%

    

Activision Blizzard, Inc.

     454,788      $ 34,677,585  

Alphabet, Inc., Class A(b)

     2,727,248       245,615,955  

Alphabet, Inc., Class C(b)

     2,726,384       246,192,475  

Charter Communications, Inc.,

    

Class A(b)(c)

     90,415       33,237,458  

Comcast Corp., Class A

     2,507,111       93,189,316  

Electronic Arts, Inc.

     160,410       17,795,885  

Meta Platforms, Inc., Class A(b)

     1,306,879       228,625,412  

Netflix, Inc.(b)

     258,591       83,299,919  

Sirius XM Holdings, Inc.(c)

     2,260,500       9,923,595  

T-Mobile US, Inc.(b)(c)

     723,082       102,807,799  

Warner Bros Discovery, Inc.(b)(c)

     1,411,341       22,045,147  
    

 

 

 
       1,117,410,546  
    

 

 

 

Consumer Discretionary-15.85%

    

Airbnb, Inc., Class A(b)

     231,456       28,533,896  

Amazon.com, Inc.(b)

     4,570,131       430,643,444  

Booking Holdings, Inc.(b)

     22,527       56,858,148  

Dollar Tree, Inc.(b)

     128,585       18,680,829  

eBay, Inc.

     315,306       14,472,545  

JD.com, Inc., ADR (China)

     282,304       12,545,590  

Lucid Group, Inc.(b)(c)

     976,612       8,916,468  

lululemon athletica, inc.(b)

     71,128       21,992,778  

Marriott International, Inc., Class A

     183,935       31,129,159  

MercadoLibre, Inc. (Brazil)(b)

     29,239       35,671,580  

O’Reilly Automotive, Inc.(b)

     36,415       30,228,092  

PDD Holdings Inc., ADR (China)(b)

     272,045       23,866,508  

Rivian Automotive, Inc., Class A(b)(c)

     530,654       10,241,622  

Ross Stores, Inc.

     201,686       22,294,370  

Starbucks Corp.

     667,004       68,094,438  

Tesla, Inc.(b)

     1,414,582       290,993,663  
    

 

 

 
       1,105,163,130  
    

 

 

 

Consumer Staples-6.02%

    

Costco Wholesale Corp.

     257,147       124,505,434  

Keurig Dr Pepper, Inc.

     822,986       28,434,166  

Kraft Heinz Co. (The)

     711,921       27,722,204  

Mondelez International, Inc., Class A

     793,709       51,733,953  

Monster Beverage Corp.(b)

     303,208       30,854,446  

PepsiCo, Inc.

     800,607       138,929,333  

Walgreens Boots Alliance, Inc.

     502,597       17,857,271  
    

 

 

 
       420,036,807  
    

 

 

 

Energy-0.46%

    

Baker Hughes Co., Class A

     581,974       17,808,405  

Diamondback Energy, Inc.

     102,235       14,372,196  
    

 

 

 
       32,180,601  
    

 

 

 

Health Care-6.37%

    

Align Technology, Inc.(b)

     45,373       14,042,944  

Amgen, Inc.

     310,043       71,824,561  

AstraZeneca PLC, ADR (United Kingdom)

     355,117       23,146,526  

Biogen, Inc.(b)

     83,720       22,592,679  

DexCom, Inc.(b)

     224,455       24,916,750  

Gilead Sciences, Inc.

     728,948       58,702,182  

IDEXX Laboratories, Inc.(b)

     48,184       22,802,596  

Illumina, Inc.(b)

     91,388       18,204,490  

Intuitive Surgical, Inc.(b)

     205,300       47,093,767  
        Shares      Value  

Health Care-(continued)

    

Moderna, Inc.(b)(c)

     223,214      $ 30,984,335  

Regeneron Pharmaceuticals, Inc.(b)

     62,196       47,295,082  

Seagen, Inc.(b)(c)

     107,849       19,379,387  

Vertex Pharmaceuticals, Inc.(b)

     149,150       43,296,754  
    

 

 

 
       444,282,053  
    

 

 

 

Industrials-3.59%

    

Cintas Corp.

     59,050       25,891,653  

Copart, Inc.(b)

     276,794       19,502,905  

CoStar Group, Inc.(b)(c)

     236,339       16,699,714  

CSX Corp.

     1,221,759       37,251,432  

Fastenal Co.

     332,804       17,159,374  

Honeywell International, Inc.

     390,669       74,805,300  

Old Dominion Freight Line, Inc.

     64,227       21,789,652  

PACCAR, Inc.

     303,169       21,888,802  

Verisk Analytics, Inc.

     90,843       15,544,146  
    

 

 

 
          250,532,978  
    

 

 

 

Information Technology-50.45%

    

Adobe, Inc.(b)

     270,144       87,513,149  

Advanced Micro Devices, Inc.(b)

     937,074       73,635,275  

Analog Devices, Inc.

     296,022       54,311,156  

ANSYS, Inc.(b)

     50,588       15,359,023  

Apple, Inc.

     5,731,706       844,910,782  

Applied Materials, Inc.

     499,905       58,063,966  

ASML Holding N.V., New York Shares (Netherlands)(c)

     51,324       31,704,375  

Atlassian Corp., Class A(b)(c)

     86,157       14,158,180  

Autodesk, Inc.(b)

     125,402       24,916,123  

Automatic Data Processing, Inc.

     241,038       52,984,973  

Broadcom, Inc.

     235,329       139,853,671  

Cadence Design Systems, Inc.(b)(c)

     159,356       30,746,147  

Cisco Systems, Inc.

     2,387,520       115,603,718  

Cognizant Technology Solutions Corp., Class A

     298,623       18,702,759  

Crowdstrike Holdings, Inc., Class A(b)

     126,850       15,309,527  

Datadog, Inc., Class A(b)(c)

     169,791       12,992,407  

Enphase Energy, Inc.(b)(c)

     78,940       16,619,238  

Fiserv, Inc.(b)

     369,035       42,472,238  

Fortinet, Inc.(b)

     453,958       26,983,264  

GLOBALFOUNDRIES, Inc.(b)(c)

     316,749       20,696,380  

Intel Corp.

     2,398,486       59,794,256  

Intuit, Inc.

     163,306       66,494,937  

KLA Corp.

     82,403       31,262,050  

Lam Research Corp.

     79,213       38,498,310  

Marvell Technology, Inc.

     495,462       22,370,109  

Microchip Technology, Inc.(c)

     319,699       25,905,210  

Micron Technology, Inc.

     631,882       36,535,417  

Microsoft Corp.

     3,325,507       829,447,956  

NVIDIA Corp.

     1,429,573       331,889,668  

NXP Semiconductors N.V. (China)

     150,611       26,881,051  

Palo Alto Networks, Inc.(b)(c)

     175,787       33,112,997  

Paychex, Inc.

     209,493       23,128,027  

PayPal Holdings, Inc.(b)(c)

     662,490       48,759,264  

QUALCOMM, Inc.

     651,446       80,473,124  

Synopsys, Inc.(b)

     88,929       32,348,813  

Texas Instruments, Inc.

     527,496       90,439,189  

Workday, Inc., Class A(b)

     117,447       21,782,895  

 

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

 

    9    

 

 

 

 


 

Invesco NASDAQ 100 ETF (QQQM)–(continued)

February 28, 2023

(Unaudited)

    

 

        Shares      Value  

Information Technology-(continued)

    

Zoom Video Communications, Inc., Class A(b)(c)

     142,717      $ 10,645,261  

Zscaler, Inc.(b)(c)

     83,743       10,982,894  
    

 

 

 
       3,518,287,779  
    

 

 

 

Utilities-1.21%

    

American Electric Power Co., Inc.

     298,588       26,266,787  

Constellation Energy Corp.

     190,034       14,231,646  

Exelon Corp.

     577,521       23,326,073  

Xcel Energy, Inc.

     318,049       20,536,424  
    

 

 

 
       84,360,930  
    

 

 

 

TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from securities on loan)-99.97%
(Cost $7,947,043,336)

 

    6,972,254,824  
    

 

 

 
        Shares      Value  
Investments Purchased with Cash Collateral from Securities on Loan

 

Money Market Funds-2.46%

 

Invesco Private Government Fund, 4.58%(d)(e)(f)

     47,949,783      $ 47,949,783  

Invesco Private Prime Fund,
4.83%(d)(e)(f)

     123,445,432       123,470,117  
    

 

 

 

Total Investments Purchased with Cash Collateral from Securities on Loan
(Cost $171,419,904)

 

    171,419,900  
    

 

 

 

TOTAL INVESTMENTS IN SECURITIES-102.43%
(Cost $8,118,463,240)

 

    7,143,674,724  

OTHER ASSETS LESS LIABILITIES-(2.43)%

 

    (169,676,594
    

 

 

 

NET ASSETS-100.00%

     $ 6,973,998,130  
    

 

 

 

Investment Abbreviations:

ADR-American Depositary Receipt

Notes to Schedule of Investments:

(a) 

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

(b) 

Non-income producing security.

(c) 

All or a portion of this security was out on loan at February 28, 2023.

(d) 

Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the six months ended February 28, 2023.

 

    Value
August 31,  2022
  Purchases
at Cost
  Proceeds
from Sales
  Change in
Unrealized
Appreciation
(Depreciation)
  Realized
Gain
  Value
February 28,  2023
  Dividend
Income

Investments in Affiliated Money Market Funds:

                                                         

Invesco Government & Agency Portfolio, Institutional Class

      $ 3,899,314         $ 41,219,699         $ (45,119,013 )         $ -         $ -             $ -           $ 38,963

Investments Purchased with Cash Collateral from Securities on Loan:

                                                         

Invesco Private Government Fund

           20,827,857                358,717,995                (331,596,069 )                -                -                    47,949,783                638,617 *

Invesco Private Prime Fund

        53,557,349           767,833,561           (697,934,889 )           (3,142 )           17,238               123,470,117           1,736,245 *
     

 

 

         

 

 

         

 

 

         

 

 

         

 

 

             

 

 

         

 

 

 

Total

      $ 78,284,520         $ 1,167,771,255         $ (1,074,649,971 )         $ (3,142 )         $ 17,238             $ 171,419,900         $ 2,413,825
     

 

 

         

 

 

         

 

 

         

 

 

         

 

 

             

 

 

         

 

 

 

 

*

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

 

(e) 

The rate shown is the 7-day SEC standardized yield as of February 28, 2023.

(f)

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

 

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

 

    10    

 

 

 

 


 

Invesco NASDAQ 100 ETF (QQQM)–(continued)

February 28, 2023

(Unaudited)

    

 

Portfolio Composition

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

as of February 28, 2023

Information Technology

     50.45     

Communication Services

     16.02     

Consumer Discretionary

     15.85     

Health Care

     6.37     

Consumer Staples

     6.02     

Industrials

     3.59     

Sector Types Each Less Than 3%

     1.67     

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.

 

    11    

 

 

 

 


 

Invesco NASDAQ Future Gen 200 ETF (QQQS)

February 28, 2023

(Unaudited)

Schedule of Investments(a)

 

        Shares      Value  

Common Stocks & Other Equity Interests-99.99%

 

Communication Services-2.17%

    

Bandwidth, Inc., Class A(b)

     1,103      $      17,538  

DISH Network Corp., Class A(b)

     1,545       17,628  

EchoStar Corp., Class A(b)

     1,425       28,443  

Roku, Inc., Class A(b)

     418       27,040  

TrueCar, Inc.(b)

     9,959       23,205  
    

 

 

 
       113,854  
    

 

 

 

Consumer Discretionary-8.31%

    

BRP, Inc. (Canada)

     331       28,618  

Fossil Group, Inc.(b)

     5,199       22,512  

Garrett Motion, Inc. (Switzerland)(b)

     3,503       27,043  

Gentex Corp.

     858       24,496  

Gentherm, Inc.(b)

     346       21,974  

Goodyear Tire & Rubber Co. (The)(b)

     2,210       25,106  

GoPro, Inc., Class A(b)

     4,525       23,485  

Helen of Troy Ltd.(b)

     256       28,849  

Johnson Outdoors, Inc., Class A

     446       28,928  

MasterCraft Boat Holdings, Inc.(b)

     981       33,128  

Newell Brands, Inc.

     1,912       28,087  

Purple Innovation, Inc.(b)

     4,911       21,216  

Qurate Retail, Inc., Class A(b)

     10,553       22,267  

Sleep Number Corp.(b)

     848       33,801  

Sonos, Inc.(b)

     1,440       27,979  

Universal Electronics, Inc.(b)

     1,134       14,424  

Vuzix Corp.(b)

     5,947       24,680  
    

 

 

 
       436,593  
    

 

 

 

Consumer Staples-0.36%

    

22nd Century Group, Inc.(b)

     21,017       18,989  
    

 

 

 

Energy-0.74%

    

Weatherford International PLC(b)

     581       38,706  
    

 

 

 

Health Care-53.45%

    

10X Genomics, Inc., Class A(b)

     642       30,508  

Aclaris Therapeutics, Inc.(b)

     1,630       20,310  

Adaptive Biotechnologies Corp.(b)

     2,825       24,154  

Affimed N.V. (Germany)(b)

     11,589       10,537  

Agenus, Inc.(b)

     9,185       18,921  

Agios Pharmaceuticals, Inc.(b)

     838       21,210  

Aldeyra Therapeutics, Inc.(b)

     4,504       30,447  

Alkermes PLC(b)

     1,001       26,767  

Alphatec Holdings, Inc.(b)

     2,457       36,388  

Altimmune, Inc.(b)

     2,492       31,374  

Amarin Corp. PLC, ADR (Ireland)(b)

     21,906       44,469  

Amicus Therapeutics, Inc.(b)

     2,088       27,541  

AngioDynamics, Inc.(b)

     1,915       23,708  

Apollo Endosurgery, Inc.(b)

     2,448       24,309  

Arbutus Biopharma Corp.(b)

     10,735       29,843  

Ardelyx, Inc.(b)

     14,643       42,172  

AtriCure, Inc.(b)

     544       20,944  

Avadel Pharmaceuticals PLC, ADR(b)

     2,705       26,915  

Azenta, Inc.(b)

     420       18,434  

Bionano Genomics, Inc.(b)

     12,338       16,533  

Bluebird Bio, Inc.(b)

     3,185       16,562  

Cara Therapeutics, Inc.(b)

     2,142       21,763  

Cardiovascular Systems, Inc.(b)

     1,799       35,458  

Chimerix, Inc.(b)

     11,428       18,056  

Codexis, Inc.(b)

     4,534       21,922  
        Shares      Value  

Health Care-(continued)

    

Coherus Biosciences, Inc.(b)

     3,615      $      24,474  

Concert Pharmaceuticals, Inc.(b)

     5,224       43,777  

CTI BioPharma Corp.(b)

     4,120       22,495  

Cymabay Therapeutics, Inc.(b)

     7,435       59,480  

CytomX Therapeutics, Inc.(b)

     14,253       30,644  

DENTSPLY SIRONA, Inc.

     820       31,217  

Eagle Pharmaceuticals, Inc.(b)

     683       19,124  

Enanta Pharmaceuticals, Inc.(b)

     576       27,936  

FibroGen, Inc.(b)

     1,749       38,828  

G1 Therapeutics, Inc.(b)

     4,161       15,063  

Geron Corp.(b)

     10,690       29,718  

Heron Therapeutics, Inc.(b)

     9,151       21,688  

ICU Medical, Inc.(b)

     158       26,961  

IGM Biosciences, Inc.(b)

     1,127       23,689  

I-Mab, ADR (China)(b)

     6,702       28,819  

ImmunoGen, Inc.(b)

     4,778       18,539  

Innoviva, Inc.(b)

     1,889       22,800  

Inovio Pharmaceuticals, Inc.(b)

     12,156       15,317  

Integra LifeSciences Holdings Corp.(b)

     460       25,585  

Intercept Pharmaceuticals, Inc.(b)

     1,663       33,559  

Ionis Pharmaceuticals, Inc.(b)

     608       21,827  

Ironwood Pharmaceuticals, Inc.(b)

     2,048       23,081  

KalVista Pharmaceuticals, Inc.(b)

     4,669       34,224  

Karyopharm Therapeutics, Inc.(b)

     4,688       14,158  

Lexicon Pharmaceuticals, Inc.(b)

     11,589       26,075  

Ligand Pharmaceuticals, Inc.(b)

     340       24,528  

Liquidia Corp.(b)

     5,016       37,971  

LivaNova PLC(b)

     448       21,199  

MacroGenics, Inc.(b)

     3,925       23,903  

Madrigal Pharmaceuticals, Inc.(b)

     358       97,022  

MannKind Corp.(b)

     5,393       28,475  

Masimo Corp.(b)

     174       29,112  

Merit Medical Systems, Inc.(b)

     351       24,774  

Merrimack Pharmaceuticals, Inc.(b)

     2,083       23,913  

Mersana Therapeutics, Inc.(b)

     3,724       22,567  

Merus N.V. (Netherlands)(b)

     1,616       30,817  

Milestone Pharmaceuticals, Inc. (Canada)(b)

     5,051       15,961  

MiMedx Group, Inc.(b)

     7,631       36,705  

NanoString Technologies, Inc.(b)

     3,603       35,165  

Nektar Therapeutics(b)

     8,857       12,223  

NGM Biopharmaceuticals, Inc.(b)

     4,484       21,254  

NuVasive, Inc.(b)

     638       27,581  

Omeros Corp.(b)

     11,761       44,339  

OmniAb, Inc.(b)(c)

     83       0  

OmniAb, Inc.(b)(c)

     83       0  

Omnicell, Inc.(b)

     481       26,186  

OPKO Health, Inc.(b)

     16,532       18,846  

Oramed Pharmaceuticals, Inc. (Israel)(b)

     2,935       6,163  

OraSure Technologies, Inc.(b)

     4,921       31,051  

Orthofix Medical, Inc.(b)

     1,403       28,902  

Pacific Biosciences of California, Inc.(b)

     2,354       21,374  

Paratek Pharmaceuticals, Inc.(b)

     11,171       19,549  

PDS Biotechnology Corp.(b)

     2,747       21,015  

Personalis, Inc.(b)

     9,763       29,387  

Phibro Animal Health Corp., Class A

     2,049       32,190  

Precision BioSciences, Inc.(b)

     18,102       20,274  

Protagonist Therapeutics, Inc.(b)

     3,180       51,580  

PTC Therapeutics, Inc.(b)

     609       26,595  

 

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

 

    12    

 

 

 

 


 

Invesco NASDAQ Future Gen 200 ETF (QQQS)–(continued)

February 28, 2023

(Unaudited)

    

 

        Shares      Value  

Health Care-(continued)

    

Quanterix Corp.(b)

     1,865      $      20,515  

Reata Pharmaceuticals, Inc., Class A(b)

     638       19,886  

Revance Therapeutics, Inc.(b)

     1,161       40,287  

Rigel Pharmaceuticals, Inc.(b)

     37,436       56,528  

Sangamo Therapeutics, Inc.(b)

     6,775       20,664  

Scilex Holding Co., Class C (Singapore)(b)

     2,541       21,976  

Selecta Biosciences, Inc.(b)

     18,931       30,857  

SI-BONE, Inc.(b)

     2,019       39,926  

SIGA Technologies, Inc.

     2,701       18,502  

Silk Road Medical, Inc.(b)

     475       25,170  

Spero Therapeutics, Inc.(b)

     12,783       18,919  

Supernus Pharmaceuticals, Inc.(b)

     688       25,862  

SurModics, Inc.(b)

     686       14,982  

Sutro Biopharma, Inc.(b)

     3,311       18,674  

Tactile Systems Technology, Inc.(b)

     2,944       42,541  

Theravance Biopharma, Inc.(b)

     2,350       25,380  

uniQure N.V. (Netherlands)(b)

     937       19,639  

Vanda Pharmaceuticals, Inc.(b)

     2,273       14,638  

Varex Imaging Corp.(b)

     1,168       20,662  

Vaxart, Inc.(b)

     21,017       16,381  

Veradigm, Inc.(b)

     1,310       21,759  

ViewRay, Inc.(b)

     5,146       22,231  

X4 Pharmaceuticals, Inc.(b)

     16,532       15,507  

Xencor, Inc.(b)

     834       26,796  
    

 

 

 
       2,807,226  
    

 

 

 

Industrials-4.20%

 

AeroVironment, Inc.(b)

     275       23,579  

Astronics Corp.(b)

     2,998       45,690  

Interface, Inc.

     2,290       20,198  

Kratos Defense & Security Solutions, Inc.(b)

     2,605       32,953  

Matthews International Corp., Class A

     784       29,917  

MillerKnoll, Inc.

     1,217       29,050  

SunPower Corp.(b)

     1,023       15,365  

TPI Composites, Inc.(b)

     2,053       23,733  
    

 

 

 
       220,485  
    

 

 

 

Information Technology-29.43%

 

8x8, Inc.(b)

     5,890       31,335  

Absolute Software Corp. (Canada)

     2,559       22,007  

ACM Research, Inc., Class A(b)

     2,737       28,410  

Aehr Test Systems(b)

     952       31,749  

Alpha & Omega Semiconductor Ltd.(b)

     707       18,884  

Amkor Technology, Inc.

     885       22,798  

Atomera, Inc.(b)

     2,908       19,280  

Aviat Networks, Inc.(b)

     788       27,998  

Axcelis Technologies, Inc.(b)

     315       40,490  

AXT, Inc.(b)

     4,670       20,408  

Bel Fuse, Inc., Class B

     720       25,574  

Brightcove, Inc.(b)

     4,484       24,079  

CalAmp Corp.(b)

     6,870       29,335  

Cirrus Logic, Inc.(b)

     337       34,627  

CommScope Holding Co., Inc.(b)

     2,793       20,221  

CommVault Systems, Inc.(b)

     383       22,551  

Comtech Telecommunications Corp.

     2,159       34,522  

Digimarc Corp.(b)

     1,133       23,102  

Dropbox, Inc., Class A(b)

     1,072       21,869  

Edgio, Inc.(b)

     17,222       21,183  

Extreme Networks, Inc.(b)

     1,183       22,146  
        Shares      Value  

Information Technology-(continued)

 

FARO Technologies, Inc.(b)

     844      $      22,957  

FormFactor, Inc.(b)

     1,075       32,357  

Himax Technologies, Inc., ADR (Taiwan)

     3,366       25,009  

Hollysys Automation Technologies Ltd. (China)

     1,476       27,144  

Immersion Corp.

     3,529       26,997  

Infinera Corp.(b)

     3,742       26,456  

Inseego Corp.(b)

     19,527       17,486  

InterDigital, Inc.

     502       36,641  

IPG Photonics Corp.(b)

     277       34,137  

Itron, Inc.(b)

     466       25,989  

Kimball Electronics, Inc.(b)

     1,074       26,861  

Kulicke & Soffa Industries, Inc. (Singapore)

     517       27,556  

Lattice Semiconductor Corp.(b)

     346       29,396  

Littelfuse, Inc.

     101       26,132  

LivePerson, Inc.(b)

     2,112       21,373  

Lumentum Holdings, Inc.(b)

     451       24,268  

Materialise N.V., ADR (Belgium)(b)

     2,570       22,102  

MaxLinear, Inc.(b)

     678       23,194  

MicroVision, Inc.(b)

     8,185       20,954  

Mitek Systems, Inc.(b)

     2,425       22,552  

MKS Instruments, Inc.

     295       28,594  

NETGEAR, Inc.(b)

     1,257       22,752  

nLight, Inc.(b)

     2,284       25,809  

Nova Ltd. (Israel)(b)

     295       26,721  

OSI Systems, Inc.(b)

     285       26,377  

Power Integrations, Inc.

     308       25,333  

Rambus, Inc.(b)

     658       29,103  

Ribbon Communications, Inc.(b)

     9,950       44,377  

Semtech Corp.(b)

     807       24,864  

Silicon Laboratories, Inc.(b)

     173       30,886  

Stratasys Ltd.(b)

     1,767       22,883  

Synaptics, Inc.(b)

     234       27,521  

Turtle Beach Corp.(b)

     2,597       21,010  

Universal Display Corp.

     220       29,887  

Veeco Instruments, Inc.(b)

     1,247       26,524  

Verint Systems, Inc.(b)

     643       24,035  

Viasat, Inc.(b)

     727       23,090  

Viavi Solutions, Inc.(b)

     2,189       23,948  
    

 

 

 
       1,545,843  
    

 

 

 

Materials-1.33%

    

Amyris, Inc.(b)

     14,638       18,297  

Haynes International, Inc.

     497       27,191  

Innospec, Inc.

     223       24,410  
    

 

 

 
       69,898  
    

 

 

 

Total Common Stocks & Other Equity Interests
(Cost $4,748,855)

 

    5,251,594  
    

 

 

 

Money Market Funds-0.01%

 

Invesco Government & Agency Portfolio, Institutional Class, 4.51%(d)(e)
(Cost $343)

     343       343  
    

 

 

 

TOTAL INVESTMENTS IN SECURITIES-100.00%
(Cost $4,749,198)

 

    5,251,937  

OTHER ASSETS LESS LIABILITIES-0.00%

       261  

NET ASSETS-100.00%

     $ 5,252,198  
    

 

 

 

 

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

 

    13    

 

 

 

 


 

Invesco NASDAQ Future Gen 200 ETF (QQQS)–(continued)

February 28, 2023

(Unaudited)

    

 

Investment Abbreviations:

ADR-American Depositary Receipt

Notes to Schedule of Investments:

(a) 

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

(b) 

Non-income producing security.

(c) 

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

(d) 

Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the period ended February 28, 2023.

 

     Value
August 31, 2022
   Purchases
at Cost
   Proceeds
from Sales
  Change in
Unrealized
Appreciation
   Realized
Gain
   Value
February 28, 2023
  Dividend
Income
Investments in Affiliated Money Market Funds:                                                                                  
Invesco Government & Agency Portfolio, Institutional Class                      $ -                        $37,520      $ (37,177 )                     $ -                                      $ -                                      $ 343                               $ 16         
Investments Purchased with Cash Collateral from Securities on Loan:                                                                                  
Invesco Private Government Fund             -             136,868        (136,868 )            -                  -                  -                 58 *    
Invesco Private Prime Fund             -             37,646        (37,646 )            -                  -                  -                 5 *    
         

 

 

           

 

 

      

 

 

          

 

 

                

 

 

                

 

 

               

 

 

     
Total           $ -             $212,034      $ (211,691 )          $ -                $ -                $ 343               $ 79    
         

 

 

           

 

 

      

 

 

          

 

 

                

 

 

                

 

 

               

 

 

     

 

*

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

 

(e) 

The rate shown is the 7-day SEC standardized yield as of February 28, 2023.

 

Portfolio Composition      
Sector Breakdown (% of the Fund’s Net Assets)
as of February 28, 2023
Health Care      53.45     
Information Technology      29.43     
Consumer Discretionary      8.31     
Industrials      4.20     
Sector Types Each Less Than 3%      4.60     
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.

 

    14    

 

 

 

 



 

Invesco NASDAQ Next Gen 100 ETF (QQQJ)

February 28, 2023

(Unaudited)

Schedule of Investments(a)

 

        Shares      Value  

Common Stocks & Other Equity Interests-99.87%

 

Communication Services-11.77%

    

Baidu, Inc., ADR (China)(b)

     88,182      $    12,141,780  

Fox Corp., Class A

     168,474       5,899,959  

Fox Corp., Class B

     133,862       4,317,050  

Liberty Broadband Corp., Class A(b)

     10,568       916,563  

Liberty Broadband Corp., Class C(b)

     70,920       6,146,636  

Liberty Global PLC, Class A (United Kingdom)(b)

     95,779       1,962,512  

Liberty Global PLC, Class C (United Kingdom)(b)(c)

     153,088       3,253,120  

Liberty Media Corp.-Liberty Formula One, Class C(b)

     115,484       7,837,899  

Match Group, Inc.(b)

     155,542       6,442,550  

News Corp., Class A

     213,023       3,653,344  

News Corp., Class B

     107,670       1,858,384  

Paramount Global, Class B(c)

     338,982       7,260,994  

Take-Two Interactive Software, Inc.(b)

     93,207       10,210,827  

Trade Desk, Inc. (The), Class A(b)

     247,201       13,833,368  

ZoomInfo Technologies, Inc., Class A(b)

     224,881       5,435,374  
    

 

 

 
       91,170,360  
    

 

 

 

Consumer Discretionary-11.42%

    

Caesars Entertainment, Inc.(b)

     119,512       6,066,429  

Etsy, Inc.(b)(c)

     69,736       8,466,648  

Expedia Group, Inc.(b)

     83,911       9,143,782  

Five Below, Inc.(b)(c)

     30,928       6,318,590  

Hasbro, Inc.

     76,942       4,232,579  

LKQ Corp.

     148,274       8,494,618  

Pool Corp.

     21,763       7,766,344  

Tractor Supply Co.

     61,338       14,307,702  

Trip.com Group Ltd., ADR (China)(b)(c)

     250,329       8,899,196  

Ulta Beauty, Inc.(b)

     28,473       14,771,792  
    

 

 

 
       88,467,680  
    

 

 

 

Consumer Staples-2.36%

    

Casey’s General Stores, Inc.

     20,722       4,309,140  

Coca-Cola Europacific Partners PLC (United Kingdom)

     253,863       13,962,465  
    

 

 

 
       18,271,605  
    

 

 

 

Energy-2.16%

    

APA Corp.

     178,398       6,846,915  

Chesapeake Energy Corp.

     74,665       6,033,679  

New Fortress Energy, Inc.(c)

     116,277       3,835,978  
    

 

 

 
       16,716,572  
    

 

 

 

Health Care-24.06%

    

Acadia Healthcare Co., Inc.(b)

     50,734       3,678,722  

Alnylam Pharmaceuticals, Inc.(b)

     68,341       13,083,884  

Argenx SE, ADR (Netherlands)(b)

     17,244       6,311,649  

BeiGene Ltd., ADR (China)(b)(c)

     26,605       5,976,281  

BioMarin Pharmaceutical, Inc.(b)

     103,093       10,267,032  

BioNTech SE, ADR (Germany)

     50,998       6,632,290  

Bio-Techne Corp.

     87,491       6,355,346  

Bruker Corp.

     81,891       5,643,928  

Henry Schein, Inc.(b)

     75,453       5,908,724  

Hologic, Inc.(b)

     136,439       10,866,002  

Horizon Therapeutics PLC(b)

     125,877       13,782,273  

ICON PLC(b)(c)

     45,287       10,218,106  
        Shares      Value  

Health Care-(continued)

    

Incyte Corp.(b)

     123,440      $      9,502,411  

Insulet Corp.(b)

     38,491       10,637,373  

Jazz Pharmaceuticals PLC(b)

     35,128       4,931,971  

Karuna Therapeutics, Inc.(b)(c)

     19,171       3,823,081  

Neurocrine Biosciences, Inc.(b)

     53,599       5,526,057  

Novocure Ltd.(b)(c)

     58,466       4,500,128  

R1 RCM, Inc.(b)(c)

     232,076       3,295,479  

Repligen Corp.(b)

     30,938       5,394,659  

Royalty Pharma PLC, Class A

     244,647       8,770,595  

Sanofi, ADR

     161,022       7,543,881  

Sarepta Therapeutics, Inc.(b)(c)

     48,889       5,970,814  

Shockwave Medical, Inc.(b)

     20,077       3,819,448  

United Therapeutics Corp.(b)

     25,422       6,254,829  

Viatris, Inc.

     675,504       7,700,746  
    

 

 

 
       186,395,709  
    

 

 

 

Industrials-10.60%

    

American Airlines Group, Inc.(b)

     362,007       5,784,872  

Avis Budget Group, Inc.(b)(c)

     23,068       5,067,117  

Axon Enterprise, Inc.(b)

     39,630       7,938,285  

C.H. Robinson Worldwide, Inc.

     65,613       6,558,675  

Expeditors International of Washington, Inc.

     88,239       9,226,270  

Grab Holdings Ltd., Class A (Singapore)(b)(c)

     2,061,788       6,618,339  

J.B. Hunt Transport Services, Inc.

     57,412       10,379,516  

Lincoln Electric Holdings, Inc.(c)

     32,215       5,409,865  

Middleby Corp. (The)(b)(c)

     29,987       4,662,679  

Nordson Corp.

     31,780       6,980,159  

Tetra Tech, Inc.

     29,464       4,033,327  

United Airlines Holdings, Inc.(b)

     182,143       9,464,150  
    

 

 

 
       82,123,254  
    

 

 

 

Information Technology-35.00%

    

Akamai Technologies, Inc.(b)

     87,649       6,363,317  

Amdocs Ltd.

     67,953       6,225,174  

Bentley Systems, Inc., Class B(c)

     154,210       6,239,337  

CDW Corp.

     75,252       15,232,510  

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

     69,578       8,608,190  

Cognex Corp.

     96,375       4,570,103  

DocuSign, Inc.(b)

     111,888       6,864,329  

Entegris, Inc.(c)

     83,023       7,076,050  

F5, Inc.(b)

     33,622       4,807,274  

First Solar, Inc.

     59,157       10,005,815  

Flex Ltd.(b)

     252,236       5,740,891  

Gen Digital, Inc.

     361,491       7,052,689  

Jack Henry & Associates, Inc.

     40,665       6,678,820  

Logitech International S.A., Class R (Switzerland)(c)

     90,090       4,914,410  

Manhattan Associates, Inc.(b)

     34,798       5,002,213  

MongoDB, Inc.(b)

     38,324       8,029,644  

Monolithic Power Systems, Inc.

     26,115       12,647,233  

NetApp, Inc.

     121,128       7,818,812  

Okta, Inc.(b)(c)

     84,628       6,033,130  

ON Semiconductor Corp.(b)

     240,100       18,586,141  

Open Text Corp. (Canada)(c)

     150,534       5,175,359  

Paylocity Holding Corp.(b)

     31,025       5,975,725  

PTC, Inc.(b)

     65,214       8,173,271  

Qorvo, Inc.(b)

     56,527       5,703,009  

Seagate Technology Holdings PLC(c)

     115,053       7,427,822  

 

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

 

    15    

 

 

 

 


 

Invesco NASDAQ Next Gen 100 ETF (QQQJ)–(continued)

February 28, 2023

(Unaudited)

    

 

        Shares      Value  

Information Technology-(continued)

    

Skyworks Solutions, Inc.

     88,873      $ 9,915,561  

SolarEdge Technologies, Inc.(b)

     31,017       9,860,925  

Splunk, Inc.(b)(c)

     90,688       9,295,520  

SS&C Technologies Holdings, Inc.

     140,286       8,234,788  

Teradyne, Inc.

     86,794       8,778,345  

Trimble, Inc.(b)

     137,347       7,150,285  

VeriSign, Inc.(b)

     58,874       11,588,169  

Western Digital Corp.(b)

     176,918       6,807,805  

Zebra Technologies Corp., Class A(b)

     28,806       8,649,001  
    

 

 

 
       271,231,667  
    

 

 

 

Materials-1.58%

    

Steel Dynamics, Inc.

     97,368       12,279,079  
    

 

 

 

Utilities-0.92%

    

Alliant Energy Corp.

     139,890       7,172,160  
    

 

 

 

Total Common Stocks & Other Equity Interests
(Cost $827,901,920)

 

    773,828,086  
    

 

 

 

Money Market Funds-0.08%

    

Invesco Government & Agency Portfolio, Institutional Class, 4.51%(d)(e)
(Cost $639,770)

     639,770       639,770  
    

 

 

 

TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from securities on loan)-99.95%
(Cost $828,541,690)

 

    774,467,856  
    

 

 

 
        Shares      Value  
Investments Purchased with Cash Collateral from Securities on Loan

 

Money Market Funds-9.74%

 

Invesco Private Government Fund,
4.58%(d)(e)(f)

     21,117,545      $ 21,117,545  

Invesco Private Prime Fund, 4.83%(d)(e)(f)

     54,291,400       54,302,257  
    

 

 

 

Total Investments Purchased with Cash Collateral from Securities on Loan
(Cost $75,423,076)

 

    75,419,802  
    

 

 

 

TOTAL INVESTMENTS IN SECURITIES-109.69%
(Cost $903,964,766)

 

    849,887,658  

OTHER ASSETS LESS LIABILITIES-(9.69)%

 

    (75,052,487
    

 

 

 

NET ASSETS-100.00%

 

  $ 774,835,171  
    

 

 

 

 

Investment Abbreviations:

ADR-American Depositary Receipt

Notes to Schedule of Investments:

(a) 

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

(b) 

Non-income producing security.

(c) 

All or a portion of this security was out on loan at February 28, 2023.

(d) 

Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the six months ended February 28, 2023.

 

     Value
August 31, 2022
     Purchases
at Cost
     Proceeds
from Sales
    Change in
Unrealized
Appreciation
(Depreciation)
     Realized
Gain
     Value
February 28, 2023
     Dividend
Income
 
Investments in Affiliated
Money Market Funds:
                   
Invesco Government & Agency
Portfolio, Institutional Class
     $ -              $     4,992,144      $     (4,352,374     $        -        $        -        $      639,770      $ 5,805  

 

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

 

    16    

 

 

 

 


 

Invesco NASDAQ Next Gen 100 ETF (QQQJ)–(continued)

February 28, 2023

(Unaudited)

    

 

     Value
August 31, 2022
     Purchases
at Cost
     Proceeds
from Sales
    Change in
Unrealized
Appreciation
(Depreciation)
     Realized
Gain
     Value
February 28, 2023
     Dividend
Income
 
Investments Purchased with Cash Collateral from Securities on Loan:                                           
Invesco Private Government Fund       $ 29,805,913         $ 147,663,683      $ (156,352,051               $ -                    $ -                     $ 21,117,545         $ 497,224
Invesco Private Prime Fund         85,560,046