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Invesco Semi-Annual Report to Shareholders

 

February 29, 2024

 

  BSCO   Invesco BulletShares 2024 Corporate Bond ETF
  BSCP   Invesco BulletShares 2025 Corporate Bond ETF
  BSCQ   Invesco BulletShares 2026 Corporate Bond ETF
  BSCR   Invesco BulletShares 2027 Corporate Bond ETF
  BSCS   Invesco BulletShares 2028 Corporate Bond ETF
  BSCT   Invesco BulletShares 2029 Corporate Bond ETF
  BSCU   Invesco BulletShares 2030 Corporate Bond ETF
  BSCV   Invesco BulletShares 2031 Corporate Bond ETF
  BSCW   Invesco BulletShares 2032 Corporate Bond ETF
  BSCX   Invesco BulletShares 2033 Corporate Bond ETF
  BSJO   Invesco BulletShares 2024 High Yield Corporate Bond ETF
  BSJP   Invesco BulletShares 2025 High Yield Corporate Bond ETF
  BSJQ   Invesco BulletShares 2026 High Yield Corporate Bond ETF
  BSJR   Invesco BulletShares 2027 High Yield Corporate Bond ETF
  BSJS   Invesco BulletShares 2028 High Yield Corporate Bond ETF
  BSJT   Invesco BulletShares 2029 High Yield Corporate Bond ETF
  BSJU   Invesco BulletShares 2030 High Yield Corporate Bond ETF
  BSJV   Invesco BulletShares 2031 High Yield Corporate Bond ETF
  BSMO   Invesco BulletShares 2024 Municipal Bond ETF
  BSMP   Invesco BulletShares 2025 Municipal Bond ETF
  BSMQ   Invesco BulletShares 2026 Municipal Bond ETF
  BSMR   Invesco BulletShares 2027 Municipal Bond ETF
  BSMS   Invesco BulletShares 2028 Municipal Bond ETF
  BSMT   Invesco BulletShares 2029 Municipal Bond ETF
  BSMU   Invesco BulletShares 2030 Municipal Bond ETF
  BSMV   Invesco BulletShares 2031 Municipal Bond ETF
  BSMW   Invesco BulletShares 2032 Municipal Bond ETF
  BSSX   Invesco BulletShares 2033 Municipal Bond ETF

 

Beginning in July 2024, amendments adopted by the Securities and Exchange Commission will substantially impact the design, content, and delivery of shareholder reports. These newly designed shareholder reports will highlight key fund information in a clear and concise format and must be mailed to each shareholder that has not elected to receive the reports electronically. Other information, including financial statements, will no longer be included in the shareholder report but will be available at invesco.com/reports, delivered upon request, and filed on a semi-annual basis on Form N-CSR.

If you would like to receive shareholder reports and other communications electronically instead of by mail, you may make that request by contacting your financial intermediary (such as a broker-dealer or bank) or, if you are a direct investor, by enrolling at invesco.com/edelivery. If you do not make this request or enroll in e-delivery, you will receive future shareholder reports and other communications by mail.


 

 

Table of Contents

 

Schedules of Investments

  

Invesco BulletShares 2024 Corporate Bond ETF (BSCO)

     3  

Invesco BulletShares 2025 Corporate Bond ETF (BSCP)

     10  

Invesco BulletShares 2026 Corporate Bond ETF (BSCQ)

     19  

Invesco BulletShares 2027 Corporate Bond ETF (BSCR)

     28  

Invesco BulletShares 2028 Corporate Bond ETF (BSCS)

     37  

Invesco BulletShares 2029 Corporate Bond ETF (BSCT)

     45  

Invesco BulletShares 2030 Corporate Bond ETF (BSCU)

     52  

Invesco BulletShares 2031 Corporate Bond ETF (BSCV)

     58  

Invesco BulletShares 2032 Corporate Bond ETF (BSCW)

     64  

Invesco BulletShares 2033 Corporate Bond ETF (BSCX)

     70  

Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO)

     76  

Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP)

     79  

Invesco BulletShares 2026 High Yield Corporate Bond ETF (BSJQ)

     83  

Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR)

     88  

Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS)

     93  

Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT)

     100  

Invesco BulletShares 2030 High Yield Corporate Bond ETF (BSJU)

     107  

Invesco BulletShares 2031 High Yield Corporate Bond ETF (BSJV)

     112  

Invesco BulletShares 2024 Municipal Bond ETF (BSMO)

     116  

Invesco BulletShares 2025 Municipal Bond ETF (BSMP)

     134  

Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)

     155  

Invesco BulletShares 2027 Municipal Bond ETF (BSMR)

     182  

Invesco BulletShares 2028 Municipal Bond ETF (BSMS)

     204  

Invesco BulletShares 2029 Municipal Bond ETF (BSMT)

     225  

Invesco BulletShares 2030 Municipal Bond ETF (BSMU)

     242  

Invesco BulletShares 2031 Municipal Bond ETF (BSMV)

     257  

Invesco BulletShares 2032 Municipal Bond ETF (BSMW)

     270  

Invesco BulletShares 2033 Municipal Bond ETF (BSSX)

     285  

Statements of Assets and Liabilities

     294  

Statements of Operations

     300  

Statements of Changes in Net Assets

     306  

Financial Highlights

     316  

Notes to Financial Statements

     344  

Fund Expenses

     360  

Approval of Investment Advisory Contracts

     363  

 

   2   

 

 

 

 


 

Invesco BulletShares 2024 Corporate Bond ETF (BSCO)

February 29, 2024

(Unaudited)

Schedule of Investments(a)

 

     Principal
Amount
     Value  

U.S. Dollar Denominated Bonds & Notes-96.99%

 

Aerospace & Defense-0.18%

     

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

   $ 6,640,000      $ 6,495,087  
     

 

 

 

Air Freight & Logistics-0.18%

     

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

     6,637,000        6,517,770  
     

 

 

 

Automobile Components-0.27%

     

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

     9,952,000        9,890,167  
     

 

 

 

Automobiles-4.31%

     

American Honda Finance Corp.

     

2.40%, 06/27/2024

     6,825,000        6,757,118  

0.55%, 07/12/2024

      11,947,000        11,732,270  

0.75%, 08/09/2024

     13,267,000        12,999,273  

2.15%, 09/10/2024

     9,301,000        9,144,194  

Ford Motor Credit Co. LLC, 4.06%, 11/01/2024

     19,266,000        19,003,724  

PACCAR Financial Corp., 3.15%, 06/13/2024

     6,549,000        6,505,449  

Toyota Motor Corp. (Japan)

     

0.68%, 03/25/2024(b)

     16,003,000        15,957,684  

2.36%, 07/02/2024(b)

     6,640,000        6,570,455  

Toyota Motor Credit Corp.

     

2.50%, 03/22/2024

     14,662,000        14,638,636  

2.90%, 04/17/2024

     6,554,000        6,532,854  

0.50%, 06/18/2024

     10,585,000        10,432,630  

0.63%, 09/13/2024(b)

     13,268,000        12,937,456  

4.40%, 09/20/2024

     16,591,000        16,505,561  

2.00%, 10/07/2024(b)

     6,640,000        6,504,740  
     

 

 

 
          156,222,044  
     

 

 

 

Banks-18.39%

     

Banco Santander S.A. (Spain), 3.89%, 05/24/2024

     18,272,000        18,202,783  

Bank of America Corp.

     

4.00%, 04/01/2024(b)

     28,391,000        28,350,849  

4.20%, 08/26/2024

     37,037,000        36,763,196  

Bank of Montreal (Canada)

     

2.15%, 03/08/2024

     15,271,000        15,265,083  

5.20%, 12/12/2024

     12,640,000        12,602,702  

Series H, 4.25%, 09/14/2024(b)

     18,952,000        18,810,263  

Bank of Nova Scotia (The) (Canada)

     

2.44%, 03/11/2024(b)

     10,776,000        10,769,151  

5.25%, 12/06/2024

     13,159,000        13,130,368  

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

     7,380,000        7,349,343  

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

     12,101,000        11,967,662  

BPCE S.A. (France), 4.00%, 04/15/2024 .

     18,502,000        18,459,914  

Canadian Imperial Bank of Commerce (Canada), 1.00%, 10/18/2024

     8,211,000        7,986,645  

Citigroup, Inc.

     

3.75%, 06/16/2024

     7,612,000        7,566,317  

4.00%, 08/05/2024(b)

     9,479,000        9,402,040  

Cooperatieve Rabobank U.A. (Netherlands), 3.88%, 08/22/2024

     12,640,000        12,538,749  
     Principal
Amount
     Value  

Banks-(continued)

     

Credit Suisse AG (Switzerland)

     

4.75%, 08/09/2024

   $ 13,400,000      $ 13,340,039  

3.63%, 09/09/2024

     37,306,000        36,939,617  

HSBC Holdings PLC (United Kingdom), 4.25%, 03/14/2024

     24,696,000        24,682,080  

HSBC USA, Inc.

     

3.75%, 05/24/2024(b)

     12,220,000        12,170,509  

3.50%, 06/23/2024

     8,931,000        8,874,123  

JPMorgan Chase & Co.

     

3.63%, 05/13/2024(b)

     26,482,000        26,377,012  

3.88%, 09/10/2024

     37,043,000        36,708,388  

Lloyds Banking Group PLC (United Kingdom), 4.50%, 11/04/2024

     12,633,000        12,490,153  

Mitsubishi UFJ Financial Group, Inc. (Japan), 2.80%, 07/18/2024

      12,591,000        12,456,092  

National Bank of Canada (Canada), 0.75%, 08/06/2024

     6,620,000        6,479,982  

NatWest Group PLC (United Kingdom), 5.13%, 05/28/2024

     6,553,000        6,531,424  

PNC Bank N.A.

     

2.50%, 08/27/2024(b)

     7,585,000        7,470,633  

3.30%, 10/30/2024(b)

     6,315,000        6,224,006  

PNC Financial Services Group, Inc. (The)

     

3.90%, 04/29/2024(b)

     9,162,000        9,130,041  

2.20%, 11/01/2024

     8,215,000        8,036,296  

Royal Bank of Canada (Canada)

     

3.97%, 07/26/2024

     18,064,000        17,951,201  

0.65%, 07/29/2024(b)

     10,543,000        10,332,646  

5.66%, 10/25/2024(b)

     14,529,000        14,535,756  

Santander UK PLC (United Kingdom), 4.00%, 03/13/2024

     12,219,000        12,213,913  

Sumitomo Mitsui Banking Corp. (Japan), 3.40%, 07/11/2024(b)

     6,623,000        6,569,784  

Sumitomo Mitsui Financial Group, Inc. (Japan)

     

2.70%, 07/16/2024

     24,916,000        24,652,125  

2.45%, 09/27/2024

     12,634,000        12,412,153  

Toronto-Dominion Bank (The) (Canada)

     

2.35%, 03/08/2024

     18,147,000        18,139,997  

4.29%, 09/13/2024

     18,599,000        18,471,167  

1.25%, 12/13/2024(b)

     6,619,000        6,408,854  

Truist Bank, 2.15%, 12/06/2024

     15,794,000        15,388,257  

Truist Financial Corp., 2.85%, 10/26/2024

     12,639,000        12,418,570  

U.S. Bancorp, 3.60%, 09/11/2024

     12,634,000        12,503,328  

Wells Fargo & Co., 3.30%, 09/09/2024

     27,775,000        27,454,181  
     

 

 

 
          666,527,392  
     

 

 

 

Beverages-1.57%

     

Coca-Cola Co. (The), 1.75%, 09/06/2024(b)

     13,274,000        13,042,198  

Constellation Brands, Inc.

     

3.60%, 05/09/2024

     7,516,000        7,485,952  

5.00%, 02/02/2026(b)

     2,510,000        2,495,164  

Diageo Capital PLC (United Kingdom), 2.13%, 10/24/2024

     7,960,000        7,793,695  

 

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

 

   3   

 

 

 

 


 

Invesco BulletShares 2024 Corporate Bond ETF (BSCO)–(continued)

February 29, 2024

(Unaudited)

 

     Principal
Amount
     Value  

Beverages-(continued)

     

Keurig Dr Pepper, Inc., 0.75%, 03/15/2024

   $ 14,055,000      $ 14,033,622  

PepsiCo, Inc., 3.60%, 03/01/2024

     12,050,000        12,050,000  
     

 

 

 
        56,900,631  
     

 

 

 

Biotechnology-2.71%

     

AbbVie, Inc., 2.60%, 11/21/2024

     49,629,000        48,610,637  

Amgen, Inc.

     

3.63%, 05/22/2024

     18,000,500        17,917,915  

5.51%, 03/02/2026(b)

     10,141,000        10,129,913  

Gilead Sciences, Inc., 3.70%, 04/01/2024

     21,576,000        21,537,442  
     

 

 

 
        98,195,907  
     

 

 

 

Broadline Retail-3.32%

     

Amazon.com, Inc.

     

2.73%, 04/13/2024

      19,905,000        19,837,932  

0.45%, 05/12/2024

     33,183,000        32,874,306  

2.80%, 08/22/2024

     26,539,000        26,223,946  

4.70%, 11/29/2024(b)

     15,935,000        15,887,681  

3.80%, 12/05/2024

     15,938,000        15,770,307  

eBay, Inc., 3.45%, 08/01/2024

     9,864,000        9,770,007  
     

 

 

 
        120,364,179  
     

 

 

 

Capital Markets-8.69%

     

Ameriprise Financial, Inc., 3.70%, 10/15/2024(b)

     7,011,000        6,931,391  

Bank of New York Mellon Corp. (The)

     

0.50%, 04/26/2024

     7,299,000        7,239,817  

3.40%, 05/15/2024(b)

     6,111,000        6,082,112  

3.25%, 09/11/2024(b)

     6,621,000        6,543,811  

2.10%, 10/24/2024

     12,642,000        12,369,462  

Series J, 0.85%, 10/25/2024

     8,846,000        8,587,037  

BlackRock, Inc., 3.50%, 03/18/2024

     12,587,000        12,576,294  

Charles Schwab Corp. (The), 0.75%, 03/18/2024(b)

     18,330,000        18,292,611  

Deutsche Bank AG (Germany)

     

3.70%, 05/30/2024

     9,242,000        9,188,320  

3.70%, 05/30/2024

     9,327,000        9,269,072  

FS KKR Capital Corp., 1.65%, 10/12/2024

     6,640,000        6,447,696  

Goldman Sachs Group, Inc. (The)

     

4.00%, 03/03/2024

     35,919,000        35,919,000  

3.00%, 03/15/2024

     28,246,000        28,220,019  

3.85%, 07/08/2024

     29,786,000        29,600,979  

5.70%, 11/01/2024

     25,224,000        25,241,089  

Morgan Stanley

     

3.70%, 10/23/2024

     37,715,000        37,256,007  

Series F, 3.88%, 04/29/2024

     36,665,000        36,548,049  

State Street Corp., 3.30%, 12/16/2024 .

     12,639,000        12,443,479  

Stifel Financial Corp., 4.25%, 07/18/2024

     6,375,000        6,336,437  
     

 

 

 
          315,092,682  
     

 

 

 

Chemicals-1.05%

     

Celanese US Holdings LLC, 5.90%, 07/05/2024

     6,890,000        6,884,329  

LyondellBasell Industries N.V., 5.75%, 04/15/2024(b)

     10,285,000        10,284,615  
     Principal
Amount
     Value  

Chemicals-(continued)

     

Nutrien Ltd. (Canada), 5.90%, 11/07/2024

   $ 6,640,000      $ 6,650,025  

Sherwin-Williams Co. (The)

     

3.13%, 06/01/2024(b)

     6,632,000        6,587,093  

4.05%, 08/08/2024

     7,550,000        7,493,681  
     

 

 

 
        37,899,743  
     

 

 

 

Communications Equipment-0.35%

 

Cisco Systems, Inc., 3.63%, 03/04/2024(b)

     12,745,000        12,745,000  
     

 

 

 

Construction & Engineering-0.17%

 

Quanta Services, Inc., 0.95%, 10/01/2024

     6,380,000        6,200,746  
     

 

 

 

Construction Materials-0.19%

     

Vulcan Materials Co., 5.80%, 03/01/2026

     6,767,000        6,767,000  
     

 

 

 

Consumer Finance-4.04%

 

Ally Financial, Inc., 5.13%, 09/30/2024(b)

     8,851,000        8,813,229  

American Express Co.

     

3.38%, 05/03/2024

     24,596,000        24,492,045  

3.00%, 10/30/2024

      20,420,000        20,088,465  

3.63%, 12/05/2024

     7,586,000        7,484,473  

Capital One Financial Corp., 3.75%, 04/24/2024

     8,982,000        8,954,560  

Discover Bank, 2.45%, 09/12/2024

     9,475,000        9,313,502  

Discover Financial Services, 3.95%, 11/06/2024

     6,621,000        6,538,009  

General Motors Financial Co., Inc.

     

1.05%, 03/08/2024

     10,232,000        10,226,704  

3.95%, 04/13/2024(b)

     15,453,000        15,414,347  

1.20%, 10/15/2024

     10,835,000        10,537,961  

3.50%, 11/07/2024

     9,957,000        9,807,859  

Synchrony Financial, 4.25%, 08/15/2024

     14,966,000        14,829,980  
     

 

 

 
          146,501,134  
     

 

 

 

Consumer Staples Distribution & Retail-2.13%

 

Costco Wholesale Corp., 2.75%, 05/18/2024(b)

     13,270,000        13,190,403  

Dollar General Corp., 4.25%, 09/20/2024

     9,357,000        9,279,223  

Target Corp., 3.50%, 07/01/2024

     13,198,000        13,109,053  

Walgreens Boots Alliance, Inc., 3.80%, 11/18/2024

     15,350,000        15,135,663  

Walmart, Inc.

     

3.30%, 04/22/2024

     18,494,000        18,440,475  

2.65%, 12/15/2024

     8,362,000        8,187,539  
     

 

 

 
        77,342,356  
     

 

 

 

Diversified REITs-0.17%

 

W.P. Carey, Inc., 4.60%, 04/01/2024

     6,110,000        6,100,608  
     

 

 

 

Diversified Telecommunication Services-1.70%

 

AT&T, Inc., 0.90%, 03/25/2024

     27,685,000        27,604,380  

Bell Canada (Canada), Series US-3, 0.75%, 03/17/2024(b)

     7,330,000        7,313,214  

 

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

 

   4   

 

 

 

 


 

Invesco BulletShares 2024 Corporate Bond ETF (BSCO)–(continued)

February 29, 2024

(Unaudited)

 

     Principal
Amount
     Value  

Diversified Telecommunication Services-(continued)

 

Verizon Communications, Inc.

 

0.75%, 03/22/2024

   $ 12,210,000      $ 12,180,423  

3.50%, 11/01/2024(b)

     14,810,000        14,592,909  
     

 

 

 
     61,690,926  
     

 

 

 

Electric Utilities-3.17%

 

Avangrid, Inc., 3.15%, 12/01/2024

     7,650,000        7,505,098  

Duke Energy Corp., 3.75%, 04/15/2024

     13,274,000        13,240,257  

Edison International, 3.55%, 11/15/2024

     6,632,000        6,529,228  

Entergy Louisiana LLC, 0.95%, 10/01/2024

     13,273,000        12,925,342  

Evergy, Inc., 2.45%, 09/15/2024

     9,982,000        9,796,802  

Eversource Energy, 4.20%, 06/27/2024

     11,940,000        11,883,454  

Florida Power & Light Co., 3.25%, 06/01/2024

     6,372,000        6,329,455  

Interstate Power and Light Co., 3.25%, 12/01/2024(b)

     6,636,000        6,523,624  

MidAmerican Energy Co., 3.50%, 10/15/2024

     6,200,000        6,127,337  

NextEra Energy Capital Holdings, Inc.

 

2.94%, 03/21/2024

      13,447,000        13,428,880  

4.20%, 06/20/2024

     11,513,000        11,458,396  

Southern California Edison Co., 1.10%, 04/01/2024

     9,081,000        9,048,748  
     

 

 

 
       114,796,621  
     

 

 

 

Electronic Equipment, Instruments & Components-1.06%

 

Arrow Electronics, Inc.

 

3.25%, 09/08/2024

     6,355,000        6,276,002  

6.13%, 03/01/2026

     6,230,000        6,226,131  

CDW LLC/CDW Finance Corp., 5.50%, 12/01/2024

     8,254,000        8,224,451  

Keysight Technologies, Inc., 4.55%, 10/30/2024

     8,650,000        8,589,624  

TD SYNNEX Corp., 1.25%, 08/09/2024

     9,290,000        9,105,768  
     

 

 

 
     38,421,976  
     

 

 

 

Entertainment-1.05%

 

Walt Disney Co. (The), 1.75%, 08/30/2024

     19,912,000        19,554,185  

Warnermedia Holdings, Inc., 6.41%, 03/15/2026(b)

     18,334,000        18,332,546  
     

 

 

 
     37,886,731  
     

 

 

 

Financial Services-3.20%

 

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

     

1.65%, 10/29/2024

     29,828,000        29,026,553  

Series 3NC1, 1.75%, 10/29/2024

     8,550,000        8,321,269  

Fidelity National Information Services, Inc., 0.60%, 03/01/2024

     9,180,000        9,180,000  

Fiserv, Inc., 2.75%, 07/01/2024

     25,418,000        25,166,802  

Global Payments, Inc., 1.50%, 11/15/2024(b)

     6,640,000        6,450,642  

Mastercard, Inc., 3.38%, 04/01/2024

     12,697,000        12,671,985  
     Principal
Amount
     Value  

Financial Services-(continued)

 

ORIX Corp. (Japan), 3.25%, 12/04/2024(b)

   $ 8,922,000      $ 8,767,045  

PayPal Holdings, Inc., 2.40%, 10/01/2024

     16,665,000        16,363,055  
     

 

 

 
     115,947,351  
     

 

 

 

Food Products-1.19%

 

Hormel Foods Corp., 0.65%, 06/03/2024

     12,114,000        11,969,801  

McCormick & Co., Inc., 3.15%, 08/15/2024

     9,101,000        8,999,632  

Mondelez International, Inc., 2.13%, 03/17/2024

     6,172,000        6,163,548  

Tyson Foods, Inc., 3.95%, 08/15/2024

     16,067,000        15,938,250  
     

 

 

 
     43,071,231  
     

 

 

 

Gas Utilities-0.55%

 

Eastern Energy Gas Holdings LLC, Series A, 2.50%, 11/15/2024(b)

     7,962,000        7,795,346  

ONE Gas, Inc., 1.10%, 03/11/2024

     5,662,000        5,656,913  

Southern California Gas Co., 3.15%, 09/15/2024

     6,640,000        6,554,329  
     

 

 

 
        20,006,588  
     

 

 

 

Ground Transportation-1.12%

 

Burlington Northern Santa Fe LLC

 

3.75%, 04/01/2024

     6,639,000        6,629,153  

3.40%, 09/01/2024

     8,728,000        8,632,401  

Canadian Pacific Railway Co. (Canada), 1.35%, 12/02/2024

      19,126,000        18,532,610  

CSX Corp., 3.40%, 08/01/2024(b)

     6,820,000        6,756,123  
     

 

 

 
     40,550,287  
     

 

 

 

Health Care Equipment & Supplies-1.96%

 

Baxter International, Inc., 1.32%, 11/29/2024

     19,086,000        18,481,836  

Becton, Dickinson and Co.

 

3.36%, 06/06/2024

     13,149,000        13,064,453  

3.73%, 12/15/2024

     11,656,000        11,494,741  

DH Europe Finance II S.a.r.l., 2.20%, 11/15/2024

     9,287,000        9,079,218  

Stryker Corp., 3.38%, 05/15/2024

     7,960,000        7,928,472  

Zimmer Biomet Holdings, Inc., 1.45%, 11/22/2024

     11,369,000        11,031,771  
     

 

 

 
     71,080,491  
     

 

 

 

Health Care Providers & Services-4.26%

 

Aetna, Inc., 3.50%, 11/15/2024

     9,954,000        9,804,617  

Cardinal Health, Inc., 3.08%, 06/15/2024

     9,952,000        9,871,716  

Cencora, Inc., 3.40%, 05/15/2024

     6,637,000        6,605,377  

Cigna Group (The)

 

0.61%, 03/15/2024(b)

     6,310,000        6,299,935  

5.69%, 03/15/2026(b)

     8,922,000        8,921,836  

CommonSpirit Health, 2.76%, 10/01/2024(b)

     10,297,000        10,122,822  

CVS Health Corp., 3.38%, 08/12/2024

     8,629,000        8,535,495  

Elevance Health, Inc.

 

3.50%, 08/15/2024

     10,621,000        10,518,352  

3.35%, 12/01/2024

     11,091,000        10,904,549  

HCA, Inc., 5.00%, 03/15/2024

     24,692,000        24,685,599  

 

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

 

   5   

 

 

 

 


 

Invesco BulletShares 2024 Corporate Bond ETF (BSCO)–(continued)

February 29, 2024

(Unaudited)

 

     Principal
Amount
     Value  

Health Care Providers & Services-(continued)

 

Humana, Inc.

 

3.85%, 10/01/2024

   $ 7,597,000      $ 7,516,212  

5.70%, 03/13/2026

     6,181,000        6,135,878  

Laboratory Corp. of America Holdings, 3.25%, 09/01/2024(b)

     7,959,000        7,857,917  

McKesson Corp., 3.80%, 03/15/2024

     7,952,000        7,947,091  

UnitedHealth Group, Inc.

 

0.55%, 05/15/2024(b)

      12,655,000        12,530,970  

5.00%, 10/15/2024

     6,197,000        6,179,697  
     

 

 

 
     154,438,063  
     

 

 

 

Hotels, Restaurants & Leisure-0.42%

 

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

     9,250,000        9,043,770  

McDonald’s Corp., 3.25%, 06/10/2024

     6,110,000        6,073,826  
     

 

 

 
     15,117,596  
     

 

 

 

Household Durables-0.34%

 

D.R. Horton, Inc., 2.50%, 10/15/2024

     6,538,000        6,414,431  

Lennar Corp., 4.50%, 04/30/2024

     5,811,000        5,798,332  
     

 

 

 
     12,212,763  
     

 

 

 

Household Products-0.17%

 

Colgate-Palmolive Co., 3.25%, 03/15/2024

     6,195,000        6,191,035  
     

 

 

 

Insurance-1.64%

 

Aon Global Ltd., 3.50%, 06/14/2024

     7,964,000        7,911,964  

Brown & Brown, Inc., 4.20%, 09/15/2024(b)

     6,195,000        6,138,097  

Chubb INA Holdings, Inc., 3.35%, 05/15/2024

     9,287,000        9,245,340  

CNA Financial Corp., 3.95%, 05/15/2024

     6,819,000        6,795,248  

Marsh & McLennan Cos., Inc., 3.50%, 06/03/2024

     7,441,000        7,397,294  

MetLife, Inc., 3.60%, 04/10/2024

     13,270,000        13,242,806  

Willis North America, Inc., 3.60%, 05/15/2024

     8,629,000        8,590,812  
     

 

 

 
        59,321,561  
     

 

 

 

Leisure Products-0.18%

 

Hasbro, Inc., 3.00%, 11/19/2024

     6,635,000        6,510,712  
     

 

 

 

Life Sciences Tools & Services-1.14%

 

Revvity, Inc., 0.85%, 09/15/2024(b)

     9,748,000        9,495,266  

Thermo Fisher Scientific, Inc., 1.22%, 10/18/2024

     32,834,000        31,975,880  
     

 

 

 
     41,471,146  
     

 

 

 

Machinery-3.96%

 

Caterpillar Financial Services Corp.

 

0.45%, 05/17/2024

     14,584,000        14,438,674  

0.60%, 09/13/2024

     9,950,000        9,702,602  

2.15%, 11/08/2024

     13,276,000        12,991,139  

3.25%, 12/01/2024

     8,294,000        8,169,695  

Caterpillar, Inc., 3.40%, 05/15/2024

     12,641,000        12,583,580  

Illinois Tool Works, Inc., 3.50%, 03/01/2024

     8,400,000        8,400,000  
     Principal
Amount
     Value  

Machinery-(continued)

 

John Deere Capital Corp.

 

0.45%, 06/07/2024

   $ 7,965,000      $ 7,862,859  

3.35%, 06/12/2024(b)

     6,636,000        6,595,419  

2.65%, 06/24/2024

     7,889,000        7,820,181  

0.63%, 09/10/2024

     6,537,000        6,378,447  

4.55%, 10/11/2024

     7,963,000        7,921,361  

Parker-Hannifin Corp.

 

3.65%, 06/15/2024

      18,581,000        18,475,744  

3.30%, 11/21/2024

     6,633,000        6,521,664  

Trane Technologies Financing Ltd., 3.55%, 11/01/2024

     6,640,000        6,552,635  

Wabtec Corp., 4.15%, 03/15/2024

     9,030,000        9,025,179  
     

 

 

 
     143,439,179  
     

 

 

 

Media-0.54%

 

Omnicom Group, Inc./Omnicom Capital, Inc., 3.65%, 11/01/2024

     9,958,000        9,830,278  

WPP Finance 2010 (United Kingdom), 3.75%, 09/19/2024(b)

     9,949,000        9,833,000  
     

 

 

 
     19,663,278  
     

 

 

 

Metals & Mining-0.25%

 

Freeport-McMoRan, Inc., 4.55%, 11/14/2024

     9,316,000        9,226,892  
     

 

 

 

Multi-Utilities-0.42%

 

Black Hills Corp., 1.04%, 08/23/2024

     7,968,000        7,794,510  

WEC Energy Group, Inc., 0.80%, 03/15/2024

     7,328,000        7,316,668  
     

 

 

 
        15,111,178  
     

 

 

 

Oil, Gas & Consumable Fuels-7.40%

 

Boardwalk Pipelines L.P., 4.95%, 12/15/2024

     7,960,000        7,902,124  

Canadian Natural Resources Ltd. (Canada), 3.80%, 04/15/2024

     6,113,000        6,096,105  

Chevron Corp., 2.90%, 03/03/2024

     12,040,000        12,040,000  

Chevron USA, Inc., 3.90%, 11/15/2024 .

     8,300,000        8,221,269  

ConocoPhillips Co., 2.13%, 03/08/2024

     5,520,000        5,517,712  

Continental Resources, Inc., 3.80%, 06/01/2024

     11,390,000        11,330,504  

Enbridge, Inc. (Canada)

 

3.50%, 06/10/2024(b)

     6,501,000        6,461,054  

5.97%, 03/08/2026

     8,640,000        8,637,706  

Energy Transfer L.P.

 

4.25%, 04/01/2024

     6,464,000        6,456,966  

3.90%, 05/15/2024

     7,955,000        7,926,527  

Equinor ASA (Norway), 3.70%, 03/01/2024

     11,656,000        11,656,000  

Exxon Mobil Corp.

 

3.18%, 03/15/2024

     12,290,000        12,273,269  

2.02%, 08/16/2024

     13,270,000        13,071,718  

Kinder Morgan Energy Partners L.P.

 

4.30%, 05/01/2024

     7,570,000        7,546,389  

4.25%, 09/01/2024

     8,199,000        8,138,565  

Marathon Petroleum Corp., 3.63%, 09/15/2024

     9,950,000        9,839,524  

MPLX L.P., 4.88%, 12/01/2024

     14,650,000        14,568,567  

Plains All American Pipeline L.P./PAA Finance Corp., 3.60%, 11/01/2024

     9,950,000        9,819,726  

 

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

 

   6   

 

 

 

 


 

Invesco BulletShares 2024 Corporate Bond ETF (BSCO)–(continued)

February 29, 2024

(Unaudited)

 

     Principal
Amount
     Value  

Oil, Gas & Consumable Fuels-(continued)

 

Shell International Finance B.V. (Netherlands), 2.00%, 11/07/2024(b)

   $ 15,939,000      $ 15,590,567  

Spectra Energy Partners L.P., 4.75%, 03/15/2024

     12,350,000        12,340,240  

TotalEnergies Capital International S.A. (France), 3.75%, 04/10/2024

     16,590,000        16,550,304  

TransCanada PipeLines Ltd. (Canada)

 

1.00%, 10/12/2024

     18,310,000        17,785,572  

6.20%, 03/09/2026(b)

     10,619,000        10,619,233  

Williams Cos., Inc. (The)

 

4.30%, 03/04/2024

      11,500,000        11,500,000  

4.55%, 06/24/2024

     16,502,000        16,429,593  
     

 

 

 
     268,319,234  
     

 

 

 

Passenger Airlines-0.30%

 

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

     11,230,000        11,014,723  
     

 

 

 

Personal Care Products-0.90%

 

Estee Lauder Cos., Inc. (The), 2.00%, 12/01/2024(b)

     6,540,000        6,376,616  

Unilever Capital Corp. (United Kingdom)

 

3.25%, 03/07/2024

     6,010,000        6,008,803  

2.60%, 05/05/2024

     13,996,000        13,926,051  

0.63%, 08/12/2024

     6,640,000        6,499,844  
     

 

 

 
     32,811,314  
     

 

 

 

Pharmaceuticals-1.71%

 

AstraZeneca Finance LLC (United Kingdom), 0.70%, 05/28/2024

     21,236,000        20,995,560  

Novartis Capital Corp. (Switzerland), 3.40%, 05/06/2024(b)

     28,530,000        28,420,942  

Pfizer, Inc., 3.40%, 05/15/2024

     12,620,000        12,565,838  
     

 

 

 
     61,982,340  
     

 

 

 

Professional Services-0.27%

 

Equifax, Inc., 2.60%, 12/01/2024

     9,951,000        9,729,100  
     

 

 

 

Retail REITs-0.66%

 

Simon Property Group L.P.

 

2.00%, 09/13/2024

     13,049,000        12,779,728  

3.38%, 10/01/2024

     11,360,000        11,219,233  
     

 

 

 
     23,998,961  
     

 

 

 

Semiconductors & Semiconductor Equipment-1.73%

 

Intel Corp.

 

2.88%, 05/11/2024

     16,440,000        16,343,950  

2.70%, 06/17/2024

     590,000        584,831  

KLA Corp., 4.65%, 11/01/2024

     9,799,700        9,730,254  

NVIDIA Corp., 0.58%, 06/14/2024

     15,280,000        15,076,462  

QUALCOMM, Inc., 2.90%, 05/20/2024

     11,610,000        11,540,868  

Xilinx, Inc., 2.95%, 06/01/2024(b)

     9,560,000        9,494,009  
     

 

 

 
        62,770,374  
     

 

 

 

Software-2.41%

 

Oracle Corp.

 

3.40%, 07/08/2024(b)

     25,817,500        25,608,454  

2.95%, 11/15/2024

     26,542,000        26,046,951  

Roper Technologies, Inc., 2.35%, 09/15/2024(b)

     6,640,000        6,521,662  
     Principal
Amount
     Value  

Software-(continued)

 

Salesforce, Inc., 0.63%, 07/15/2024(b)

   $ 13,270,000      $ 13,040,630  

VMware LLC, 1.00%, 08/15/2024

     16,539,000        16,184,683  
     

 

 

 
     87,402,380  
     

 

 

 

Specialized REITs-0.26%

 

Crown Castle, Inc., 3.20%, 09/01/2024

     9,560,000        9,446,969  
     

 

 

 

Specialty Retail-0.36%

 

Dell International LLC/EMC Corp., 4.00%, 07/15/2024

     13,098,000        13,010,881  
     

 

 

 

Technology Hardware, Storage & Peripherals-2.69%

 

Apple, Inc.

 

3.45%, 05/06/2024

      30,547,000        30,437,991  

2.85%, 05/11/2024

     23,230,000        23,103,753  

1.80%, 09/11/2024(b)

     9,560,000        9,391,895  

Hewlett Packard Enterprise Co.

 

1.45%, 04/01/2024

     13,270,000        13,224,017  

5.90%, 10/01/2024

     21,174,000        21,199,817  
     

 

 

 
     97,357,473  
     

 

 

 

Tobacco-0.98%

 

BAT Capital Corp. (United Kingdom), 2.79%, 09/06/2024(b)

     12,755,000        12,561,010  

Philip Morris International, Inc.

 

3.25%, 11/10/2024(b)

     9,953,000        9,803,058  

5.13%, 11/15/2024(b)

     13,275,000        13,242,972  
     

 

 

 
     35,607,040  
     

 

 

 

Trading Companies & Distributors-0.40%

 

Air Lease Corp.

 

0.80%, 08/18/2024

     8,414,000        8,219,083  

4.25%, 09/15/2024(b)

     6,200,000        6,147,550  
     

 

 

 
     14,366,633  
     

 

 

 

Wireless Telecommunication Services-0.88%

 

Sprint LLC, 7.13%, 06/15/2024

     31,880,000        31,984,408  
     

 

 

 

Total U.S. Dollar Denominated Bonds & Notes
(Cost $3,544,563,836)

 

     3,515,719,881  
     

 

 

 
     Shares         

Money Market Funds-4.40%

 

Invesco Government & Agency Portfolio, Institutional Class, 5.24%(c)(d) (Cost $159,365,458)

     159,365,458        159,365,458  
     

 

 

 

TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from securities on loan)-101.39% (Cost $3,703,929,294)

 

     3,675,085,339  
     

 

 

 
Investments Purchased with Cash Collateral from Securities on Loan

 

Money Market Funds-2.63%

 

Invesco Private Government Fund,
5.29%(c)(d)(e)

     28,984,397        28,984,397  

 

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

 

   7   

 

 

 

 


 

Invesco BulletShares 2024 Corporate Bond ETF (BSCO)–(continued)

February 29, 2024

(Unaudited)

 

     Shares      Value  

Money Market Funds-(continued)

 

Invesco Private Prime Fund, 5.49%(c)(d)(e)

     66,540,261      $ 66,573,531  
     

 

 

 

Total Investments Purchased with Cash Collateral from Securities on Loan
(Cost $95,566,976)

 

     95,557,928  
  

 

 

 

TOTAL INVESTMENTS IN SECURITIES-104.02%
(Cost $3,799,496,270)

 

     3,770,643,267  

OTHER ASSETS LESS LIABILITIES-(4.02)%

 

     (145,763,470
  

 

 

 

NET ASSETS-100.00%

 

   $ 3,624,879,797  
     

 

 

 

 

Investment Abbreviations:

REIT -Real Estate Investment Trust

Notes to Schedule of Investments:

(a) 

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

(b) 

All or a portion of this security was out on loan at February 29, 2024.

(c) 

Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the six months ended February 29, 2024.

 

     Value
August 31, 2023
   Purchases
at Cost
   Proceeds
from Sales
  Change in
Unrealized
Appreciation
(Depreciation)
  Realized
Gain
   Value
February 29, 2024
   Dividend
Income
Investments in Affiliated Money Market Funds:                                 
Invesco Government & Agency Portfolio, Institutional Class      $ 16,589,150      $ 417,196,741      $ (274,420,433 )     $ -     $ -      $ 159,365,458      $ 1,321,437
Investments Purchased with Cash Collateral from Securities on Loan:                                 
Invesco Private Government Fund        48,524,883        168,174,447        (187,714,933 )       -       -        28,984,397        1,171,265 *
Invesco Private Prime Fund        124,841,911        321,944,399        (380,291,248 )       (12,281 )       90,750        66,573,531        3,176,557 *
    

 

 

      

 

 

      

 

 

     

 

 

     

 

 

      

 

 

      

 

 

 
Total      $ 189,955,944      $ 907,315,587      $ (842,426,614 )     $ (12,281 )     $ 90,750      $ 254,923,386      $ 5,669,259
    

 

 

      

 

 

      

 

 

     

 

 

     

 

 

      

 

 

      

 

 

 

 

*

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

 

(d) 

The rate shown is the 7-day SEC standardized yield as of February 29, 2024.

(e) 

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

 

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

 

   8   

 

 

 

 


 

Invesco BulletShares 2024 Corporate Bond ETF (BSCO)–(continued)

February 29, 2024

(Unaudited)

 

Portfolio Composition

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

as of February 29, 2024

Financials

     35.96     

Health Care

     11.78     

Consumer Discretionary

     9.20     

Information Technology

     8.24     

Energy

     7.40     

Consumer Staples

     6.94     

Industrials

     6.58     

Communication Services

     4.17     

Utilities

     4.14     

Sector Types Each Less Than 3%

     2.58     

Money Market Funds Plus Other Assets Less Liabilities

     3.01     

 

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

 

   9   

 

 

 

 


 

Invesco BulletShares 2025 Corporate Bond ETF (BSCP)

February 29, 2024

(Unaudited)

Schedule of Investments(a)

 

     Principal
Amount
     Value  

U.S. Dollar Denominated Bonds & Notes-98.92%

 

Aerospace & Defense-2.24%

 

Boeing Co. (The), 4.88%, 05/01/2025

   $  27,293,000      $    27,047,751  

General Dynamics Corp.

     

3.25%, 04/01/2025(b)

     5,869,000        5,748,056  

3.50%, 05/15/2025(b)

     5,870,000        5,759,772  

Howmet Aerospace, Inc., 6.88%, 05/01/2025(b)

     4,699,000        4,751,549  

L3Harris Technologies, Inc., 3.83%, 04/27/2025

     4,677,000        4,592,406  

Lockheed Martin Corp., 4.95%, 10/15/2025(b)

     3,900,000        3,894,939  

Northrop Grumman Corp., 2.93%, 01/15/2025

     11,736,000        11,482,369  

Precision Castparts Corp., 3.25%, 06/15/2025

     6,648,000        6,495,606  

RTX Corp., 3.95%, 08/16/2025

     11,739,000        11,518,416  
     

 

 

 
        81,290,864  
     

 

 

 

Air Freight & Logistics-0.21%

     

United Parcel Service, Inc., 3.90%, 04/01/2025

     7,795,000        7,690,702  
     

 

 

 

Automobile Components-0.14%

     

Magna International, Inc. (Canada), 4.15%, 10/01/2025

     5,081,000        4,989,257  
     

 

 

 

Automobiles-5.51%

     

American Honda Finance Corp.

     

1.50%, 01/13/2025(b)

     8,610,000        8,337,862  

5.00%, 05/23/2025

     5,845,000        5,830,124  

1.20%, 07/08/2025(b)

     5,840,000        5,541,194  

1.00%, 09/10/2025

     5,871,000        5,519,626  

5.80%, 10/03/2025

     7,409,000        7,481,879  

Series A, 4.60%, 04/17/2025

     6,240,000        6,198,458  

Ford Motor Credit Co. LLC

     

2.30%, 02/10/2025

     9,750,000        9,433,413  

4.69%, 06/09/2025(b)

     4,680,000        4,615,354  

5.13%, 06/16/2025

     13,650,000        13,515,554  

4.13%, 08/04/2025

     10,950,000        10,688,905  

3.38%, 11/13/2025

     16,433,000        15,772,993  

General Motors Co.

     

4.00%, 04/01/2025

     3,910,000        3,849,686  

6.13%, 10/01/2025

     15,650,000        15,782,008  

Honda Motor Co. Ltd. (Japan), 2.27%, 03/10/2025(b)

     7,821,000        7,600,283  

PACCAR Financial Corp., 3.55%, 08/11/2025

     4,696,000        4,600,236  
     Principal
Amount
     Value  

Automobiles-(continued)

     

Toyota Motor Credit Corp.

     

4.80%, 01/10/2025(b)

   $ 9,390,000      $ 9,357,247  

1.45%, 01/13/2025

     9,001,000        8,715,624  

1.80%, 02/13/2025(b)

      10,920,000        10,566,214  

3.00%, 04/01/2025

     9,780,000        9,558,367  

3.40%, 04/14/2025

     3,893,000        3,816,639  

3.95%, 06/30/2025

     10,172,000        10,018,227  

3.65%, 08/18/2025(b)

     5,864,000        5,748,757  

5.60%, 09/11/2025(b)

     4,699,000        4,740,819  

0.80%, 10/16/2025(b)

     7,821,000        7,315,316  

5.40%, 11/10/2025(b)

     5,090,000        5,121,396  
     

 

 

 
          199,726,181  
     

 

 

 

Banks-19.98%

     

Banco Santander S.A. (Spain)

     

3.50%, 03/24/2025(b)

     9,777,000        9,579,569  

2.75%, 05/28/2025(b)

     11,740,000        11,332,234  

5.15%, 08/18/2025

     13,693,000        13,594,846  

Bank of America Corp.

     

4.00%, 01/22/2025

     19,555,000        19,275,185  

3.88%, 08/01/2025

     14,027,000        13,811,688  

Series L, 3.95%, 04/21/2025

     19,500,000        19,182,479  

Bank of America N.A., 5.65%, 08/18/2025

     15,644,000        15,761,143  

Bank of Montreal (Canada)

     

1.50%, 01/10/2025(b)

     10,564,000        10,217,284  

3.70%, 06/07/2025

     10,138,000        9,935,962  

5.92%, 09/25/2025(b)

     9,392,000        9,492,306  

Bank of Nova Scotia (The) (Canada)

     

1.45%, 01/10/2025(b)

     10,563,000        10,208,502  

3.45%, 04/11/2025

     13,691,000        13,404,105  

5.45%, 06/12/2025(b)

     12,718,000        12,727,323  

Canadian Imperial Bank of Commerce (Canada)

     

3.30%, 04/07/2025

     10,564,000        10,322,577  

5.14%, 04/28/2025

     9,750,000        9,717,821  

3.95%, 08/04/2025

     10,527,000        10,323,068  

Citibank N.A., 5.86%, 09/29/2025(b)

     13,690,000        13,854,816  

Citigroup, Inc.

     

3.88%, 03/26/2025

     7,824,000        7,681,844  

3.30%, 04/27/2025(b)

     11,699,000        11,441,392  

4.40%, 06/10/2025

     19,563,000        19,278,167  

5.50%, 09/13/2025

     11,114,000        11,095,924  

Citizens Bank N.A., 2.25%, 04/28/2025(b)

     5,843,000        5,608,166  

Cooperatieve Rabobank U.A. (Netherlands)

     

1.38%, 01/10/2025

     7,820,000        7,561,865  

5.00%, 01/13/2025(b)

     7,820,000        7,795,804  

5.50%, 07/18/2025

     6,628,000        6,661,471  

4.38%, 08/04/2025

     11,740,000        11,517,510  

Credit Suisse AG (Switzerland)

     

7.95%, 01/09/2025

     9,780,000        9,956,215  

3.70%, 02/21/2025

     15,067,000        14,780,445  

2.95%, 04/09/2025

     9,595,000        9,319,042  

Fifth Third Bancorp, 2.38%, 01/28/2025 .

     5,865,000        5,695,355  

 

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

 

   10   

 

 

 

 


 

Invesco BulletShares 2025 Corporate Bond ETF (BSCP)–(continued)

February 29, 2024

(Unaudited)

 

     Principal
Amount
     Value  

Banks-(continued)

     

Fifth Third Bank N.A., 3.95%, 07/28/2025

   $ 5,840,000      $ 5,717,397  

HSBC Holdings PLC (United Kingdom), 4.25%, 08/18/2025(b)

      11,740,000           11,491,530  

HSBC USA, Inc., 5.63%, 03/17/2025

     9,780,000        9,794,118  

Huntington Bancshares, Inc., 4.00%, 05/15/2025(b)

     3,661,000        3,596,160  

JPMorgan Chase & Co.

     

3.13%, 01/23/2025

     19,559,000        19,182,591  

3.90%, 07/15/2025(b)

     19,562,000        19,234,012  

KeyBank N.A.

     

3.30%, 06/01/2025

     5,840,000        5,623,478  

4.15%, 08/08/2025(b)

     9,750,000        9,445,237  

Lloyds Banking Group PLC (United Kingdom), 4.58%, 12/10/2025

     10,385,000        10,180,270  

Manufacturers & Traders Trust Co., 5.40%, 11/21/2025(b)

     3,907,000        3,871,102  

Mitsubishi UFJ Financial Group, Inc. (Japan)

     

2.19%, 02/25/2025(b)

     20,274,000        19,639,017  

3.78%, 03/02/2025(b)

     5,845,000        5,749,871  

1.41%, 07/17/2025(b)

     13,696,000        12,976,472  

Morgan Stanley Bank N.A., 5.48%, 07/16/2025(b)

     9,390,000        9,431,358  

National Bank of Canada (Canada), 5.25%, 01/17/2025

     8,220,000        8,201,074  

PNC Bank N.A., 3.25%, 06/01/2025

     7,788,000        7,581,828  

Regions Financial Corp., 2.25%, 05/18/2025

     5,837,000        5,591,245  

Royal Bank of Canada (Canada)

     

1.60%, 01/21/2025(b)

     7,819,000        7,564,027  

3.38%, 04/14/2025(b)

     10,918,000        10,697,192  

4.95%, 04/25/2025

     12,522,000        12,487,391  

Santander Holdings USA, Inc.

     

3.45%, 06/02/2025

     7,790,000        7,555,122  

4.50%, 07/17/2025

     8,562,000        8,397,661  

Sumitomo Mitsui Banking Corp. (Japan), 3.65%, 07/23/2025

     3,850,000        3,763,725  

Sumitomo Mitsui Financial Group, Inc. (Japan)

     

2.35%, 01/15/2025

     9,780,000        9,526,688  

1.47%, 07/08/2025

     18,386,000        17,479,913  

Toronto-Dominion Bank (The) (Canada)

     

1.45%, 01/10/2025(b)

     6,262,000        6,061,941  

3.77%, 06/06/2025(b)

     12,911,000        12,682,594  

Truist Bank

     

1.50%, 03/10/2025

     9,780,000        9,399,253  

3.63%, 09/16/2025(b)

     9,784,000        9,498,331  

Truist Financial Corp.

     

4.00%, 05/01/2025(b)

     6,652,000        6,534,086  

3.70%, 06/05/2025

     7,825,000        7,659,612  

1.20%, 08/05/2025

     5,867,000        5,520,093  

U.S. Bancorp, 1.45%, 05/12/2025(b)

     11,700,000        11,198,569  

U.S. Bank N.A., 2.05%, 01/21/2025(b)

     7,820,000        7,596,623  

UBS AG (Switzerland), 5.80%, 09/11/2025(b)

     7,820,000        7,879,046  
     Principal
Amount
     Value  

Banks-(continued)

     

Wells Fargo & Co.

     

3.00%, 02/19/2025

   $  19,562,000      $ 19,128,183  

3.55%, 09/29/2025

     19,557,000        19,057,720  

Wells Fargo Bank N.A., 5.55%, 08/01/2025

     15,650,000        15,718,513  
     

 

 

 
          723,847,151  
     

 

 

 

Beverages-1.21%

     

Diageo Capital PLC (United Kingdom)

     

1.38%, 09/29/2025(b)

     5,840,000        5,511,934  

5.20%, 10/24/2025

     3,910,000        3,913,979  

Keurig Dr Pepper, Inc., 3.40%, 11/15/2025

     3,910,000        3,789,673  

PepsiCo, Inc.

     

2.25%, 03/19/2025

     11,738,000        11,398,060  

2.75%, 04/30/2025

     7,820,000        7,617,263  

3.50%, 07/17/2025

     5,451,000        5,342,680  

5.25%, 11/10/2025(b)

     6,240,000        6,267,700  
     

 

 

 
        43,841,289  
     

 

 

 

Biotechnology-2.45%

     

AbbVie, Inc., 3.60%, 05/14/2025

     29,344,000        28,765,159  

Amgen, Inc.

     

1.90%, 02/21/2025

     3,894,000        3,762,219  

5.25%, 03/02/2025

     15,650,000        15,614,508  

3.13%, 05/01/2025(b)

     7,800,000        7,602,995  

Baxalta, Inc., 4.00%, 06/23/2025

     6,265,000        6,155,600  

Biogen, Inc., 4.05%, 09/15/2025(b)

     13,644,000        13,376,921  

Gilead Sciences, Inc., 3.50%, 02/01/2025(b)

     13,648,000        13,412,783  
     

 

 

 
        88,690,185  
     

 

 

 

Broadline Retail-1.20%

     

Amazon.com, Inc.

     

3.00%, 04/13/2025

     11,700,000        11,434,568  

0.80%, 06/03/2025(b)

     9,780,000        9,292,000  

4.60%, 12/01/2025(b)

     9,782,000        9,741,347  

5.20%, 12/03/2025(b)

     6,821,000        6,853,052  

eBay, Inc., 1.90%, 03/11/2025(b)

     6,260,000        6,044,484  
     

 

 

 
        43,365,451  
     

 

 

 

Building Products-0.11%

     

Fortune Brands Innovations, Inc., 4.00%, 06/15/2025

     3,911,000        3,837,450  
     

 

 

 

Capital Markets-6.98%

     

Ameriprise Financial, Inc., 3.00%, 04/02/2025(b)

     3,910,000        3,811,470  

Ares Capital Corp.

     

4.25%, 03/01/2025

     4,670,000        4,581,053  

3.25%, 07/15/2025

     9,780,000        9,397,124  

Bank of New York Mellon Corp. (The)

     

1.60%, 04/24/2025

     9,746,000        9,366,353  

3.35%, 04/25/2025(b)

     3,580,000        3,501,910  

Series G, 3.00%, 02/24/2025(b)

     5,843,000        5,714,929  

Blue Owl Capital Corp., 3.75%, 07/22/2025

     3,912,000        3,770,170  

Brookfield Corp. (Canada), 4.00%, 01/15/2025

     3,900,000        3,848,311  

 

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

 

   11   

 

 

 

 


 

Invesco BulletShares 2025 Corporate Bond ETF (BSCP)–(continued)

February 29, 2024

(Unaudited)

 

     Principal
Amount
     Value  

Capital Markets-(continued)

     

Charles Schwab Corp. (The)

     

4.20%, 03/24/2025

   $ 4,698,000      $ 4,641,920  

3.85%, 05/21/2025

     5,870,000        5,761,257  

CME Group, Inc., 3.00%, 03/15/2025(b)

     5,870,000        5,737,035  

Deutsche Bank AG (Germany)

     

4.50%, 04/01/2025(b)

      11,676,000        11,454,892  

4.16%, 05/13/2025

     3,890,000        3,831,143  

Goldman Sachs Group, Inc. (The)

     

3.50%, 01/23/2025

     19,560,000        19,225,514  

3.50%, 04/01/2025

     27,300,000        26,741,756  

3.75%, 05/22/2025

     17,492,000        17,148,767  

4.25%, 10/21/2025(b)

     15,597,000        15,325,755  

Moody’s Corp., 3.75%, 03/24/2025

     5,478,000        5,386,388  

Morgan Stanley

     

4.00%, 07/23/2025

     23,471,000        23,073,312  

5.00%, 11/24/2025

     15,602,000        15,516,512  

Nasdaq, Inc., 5.65%, 06/28/2025

     3,910,000        3,924,196  

Nomura Holdings, Inc. (Japan)

     

5.10%, 07/03/2025

     6,228,000        6,169,194  

1.85%, 07/16/2025(b)

     11,580,000        11,001,123  

Northern Trust Corp., 3.95%, 10/30/2025

     5,840,000        5,727,769  

State Street Corp., 3.55%, 08/18/2025(b)

     10,140,000        9,938,367  

UBS Group AG (Switzerland), 3.75%, 03/26/2025

     18,664,000        18,283,380  
     

 

 

 
          252,879,600  
     

 

 

 

Chemicals-0.92%

     

Air Products and Chemicals, Inc., 1.50%, 10/15/2025

     4,303,000        4,069,643  

Celanese US Holdings LLC, 6.05%, 03/15/2025

     7,824,000        7,845,140  

Eastman Chemical Co., 3.80%, 03/15/2025

     5,478,000        5,389,952  

EIDP, Inc., 1.70%, 07/15/2025

     3,911,000        3,717,595  

Linde, Inc., 4.70%, 12/05/2025

     4,692,000        4,671,699  

LYB International Finance III LLC, 1.25%, 10/01/2025

     3,832,000        3,582,504  

Nutrien Ltd. (Canada), 5.95%, 11/07/2025

     3,895,000        3,928,146  
     

 

 

 
        33,204,679  
     

 

 

 

Commercial Services & Supplies-0.30%

 

Republic Services, Inc., 3.20%, 03/15/2025(b)

     3,915,000        3,830,457  

Waste Management, Inc.

     

3.13%, 03/01/2025(b)

     3,285,000        3,214,865  

0.75%, 11/15/2025

     3,910,000        3,632,628  
     

 

 

 
        10,677,950  
     

 

 

 

Communications Equipment-0.11%

     

Cisco Systems, Inc., 3.50%, 06/15/2025 .

     3,894,000        3,822,174  
     

 

 

 

Consumer Finance-4.12%

     

Ally Financial, Inc.

     

4.63%, 03/30/2025

     3,910,000        3,867,960  

5.80%, 05/01/2025(b)

     5,850,000        5,842,040  

5.75%, 11/20/2025(b)

     8,219,000        8,180,923  
     Principal
Amount
     Value  

Consumer Finance-(continued)

     

American Express Co.

     

2.25%, 03/04/2025(b)

   $ 13,652,000      $ 13,224,388  

3.95%, 08/01/2025

     17,607,000        17,303,029  

Capital One Financial Corp.

     

3.20%, 02/05/2025

     7,786,000        7,615,017  

4.25%, 04/30/2025

     5,840,000        5,762,720  

4.20%, 10/29/2025

      11,701,000        11,442,644  

Discover Financial Services, 3.75%, 03/04/2025

     3,907,000        3,834,352  

General Motors Financial Co., Inc.

     

4.00%, 01/15/2025

     7,820,000        7,709,684  

2.90%, 02/26/2025

     9,750,000        9,486,446  

3.80%, 04/07/2025

     8,608,000        8,449,127  

4.35%, 04/09/2025

     7,823,000        7,723,143  

2.75%, 06/20/2025(b)

     9,777,000        9,437,607  

4.30%, 07/13/2025

     6,256,000        6,154,117  

6.05%, 10/10/2025

     9,744,000        9,820,084  

Synchrony Financial

     

4.88%, 06/13/2025(b)

     5,845,000        5,753,695  

4.50%, 07/23/2025

     7,828,000        7,653,834  
     

 

 

 
          149,260,810  
     

 

 

 

Consumer Staples Distribution & Retail-1.34%

 

Dollar General Corp., 4.15%, 11/01/2025

     3,895,000        3,818,141  

Dollar Tree, Inc., 4.00%, 05/15/2025

     7,795,000        7,657,574  

Sysco Corp., 3.75%, 10/01/2025

     5,872,000        5,727,510  

Target Corp., 2.25%, 04/15/2025

     11,734,000        11,370,893  

Walmart, Inc.

     

3.55%, 06/26/2025(b)

     6,810,000        6,692,924  

3.90%, 09/09/2025(b)

     13,651,000        13,446,386  
     

 

 

 
        48,713,428  
     

 

 

 

Containers & Packaging-0.23%

     

Amcor Flexibles North America, Inc., 4.00%, 05/17/2025(b)

     3,895,000        3,821,647  

WRKCo, Inc., 3.75%, 03/15/2025

     4,699,000        4,613,417  
     

 

 

 
        8,435,064  
     

 

 

 

Distributors-0.10%

     

Genuine Parts Co., 1.75%, 02/01/2025

     3,900,000        3,765,699  
     

 

 

 

Diversified Consumer Services-0.10%

     

Yale University, Series 2020, 0.87%, 04/15/2025

     3,895,000        3,716,370  
     

 

 

 

Diversified REITs-0.10%

     

VICI Properties L.P., 4.38%, 05/15/2025

     3,821,000        3,756,017  
     

 

 

 

Diversified Telecommunication Services-0.56%

 

Verizon Communications, Inc.

     

3.38%, 02/15/2025(b)

     10,382,299        10,181,051  

0.85%, 11/20/2025(b)

     10,981,000        10,197,440  
     

 

 

 
        20,378,491  
     

 

 

 

Electric Utilities-2.82%

     

Avangrid, Inc., 3.20%, 04/15/2025(b)

     5,866,000        5,708,050  

Berkshire Hathaway Energy Co., 4.05%, 04/15/2025

     9,744,000        9,607,901  

Constellation Energy Generation LLC, 3.25%, 06/01/2025

     7,005,000        6,806,351  

 

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

 

   12   

 

 

 

 


 

Invesco BulletShares 2025 Corporate Bond ETF (BSCP)–(continued)

February 29, 2024

(Unaudited)

 

     Principal
Amount
     Value  

Electric Utilities-(continued)

     

Duke Energy Corp.

     

0.90%, 09/15/2025

   $ 5,081,000      $ 4,755,474  

5.00%, 12/08/2025(b)

     3,910,000        3,898,506  

Duke Energy Progress LLC, 3.25%, 08/15/2025

     3,894,000        3,799,198  

Entergy Corp., 0.90%, 09/15/2025(b)

     6,227,000        5,823,021  

Exelon Corp., 3.95%, 06/15/2025(b)

     6,311,000        6,194,971  

Florida Power & Light Co.

     

2.85%, 04/01/2025

       8,611,000        8,399,360  

3.13%, 12/01/2025

     4,696,000        4,559,523  

National Rural Utilities Cooperative Finance Corp.

     

2.85%, 01/27/2025

     3,900,000        3,813,922  

1.88%, 02/07/2025

     4,675,000        4,526,825  

5.45%, 10/30/2025

     3,910,000        3,924,124  

NextEra Energy Capital Holdings, Inc., 4.45%, 06/20/2025

     7,827,000        7,723,596  

Pacific Gas and Electric Co., 3.45%, 07/01/2025

     6,843,769        6,649,294  

Pinnacle West Capital Corp., 1.30%, 06/15/2025

     3,903,000        3,706,039  

Southern Co. (The), 5.15%, 10/06/2025(b)

     3,910,000        3,906,223  

Southern Power Co., 4.15%, 12/01/2025

     3,897,000        3,832,291  

Xcel Energy, Inc., 3.30%, 06/01/2025

     4,691,000        4,566,264  
     

 

 

 
          102,200,933  
     

 

 

 

Electrical Equipment-0.11%

     

Emerson Electric Co., 3.15%, 06/01/2025(b)

     3,890,000        3,802,442  
     

 

 

 

Electronic Equipment, Instruments & Components-0.13%

 

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

     4,677,000        4,584,653  
     

 

 

 

Energy Equipment & Services-0.18%

 

Halliburton Co., 3.80%, 11/15/2025

     2,736,000        2,673,876  

Schlumberger Finance Canada Ltd., 1.40%, 09/17/2025

     3,898,000        3,685,341  
     

 

 

 
        6,359,217  
     

 

 

 

Entertainment-1.19%

     

Netflix, Inc., 5.88%, 02/15/2025

     6,242,000        6,261,733  

Take-Two Interactive Software, Inc., 3.55%, 04/14/2025

     4,680,000        4,585,283  

TWDC Enterprises 18 Corp., 3.15%, 09/17/2025(b)

     5,866,000        5,692,216  

Walt Disney Co. (The), 3.35%, 03/24/2025

     13,650,000        13,378,337  

Warnermedia Holdings, Inc., 3.64%, 03/15/2025

     13,625,000        13,340,133  
     

 

 

 
        43,257,702  
     

 

 

 

Financial Services-2.91%

     

AerCap Ireland Capital DAC/AerCap

     

Global Aviation Trust (Ireland)

     

3.50%, 01/15/2025

     6,264,000        6,144,670  

6.50%, 07/15/2025(b)

     9,707,000        9,800,647  

4.45%, 10/01/2025

     4,673,000        4,584,627  
     Principal
Amount
     Value  

Financial Services-(continued)

     

Blackstone Private Credit Fund

     

4.70%, 03/24/2025(b)

   $ 7,010,000      $ 6,902,884  

7.05%, 09/29/2025(b)

     6,215,000        6,298,727  

Corebridge Financial, Inc., 3.50%, 04/04/2025

     7,798,000        7,618,312  

Fidelity National Information Services, Inc., 4.50%, 07/15/2025(b)

     5,839,000        5,784,139  

Fiserv, Inc., 3.85%, 06/01/2025

     7,039,000        6,899,551  

Mastercard, Inc., 2.00%, 03/03/2025

     5,865,000        5,681,819  

PayPal Holdings, Inc., 1.65%, 06/01/2025(b)

     7,826,000        7,492,826  

Radian Group, Inc., 6.63%, 03/15/2025 .

     4,111,000        4,119,519  

Visa, Inc., 3.15%, 12/14/2025(b)

      31,295,000        30,351,036  

Western Union Co. (The), 2.85%, 01/10/2025(b)

     3,901,000        3,806,800  
     

 

 

 
          105,485,557  
     

 

 

 

Food Products-1.10%

     

Bunge Ltd. Finance Corp., 1.63%, 08/17/2025

     4,698,000        4,450,387  

Campbell Soup Co., 3.95%, 03/15/2025 .

     6,650,000        6,545,281  

General Mills, Inc.

     

4.00%, 04/17/2025(b)

     6,258,000        6,159,708  

5.24%, 11/18/2025(b)

     3,898,000        3,895,386  

JM Smucker Co. (The), 3.50%, 03/15/2025(b)

     7,784,000        7,626,772  

Mead Johnson Nutrition Co. (United Kingdom), 4.13%, 11/15/2025(b)

     5,864,000        5,757,247  

Mondelez International, Inc., 1.50%, 05/04/2025(b)

     5,840,000        5,584,621  
     

 

 

 
        40,019,402  
     

 

 

 

Ground Transportation-0.59%

     

Burlington Northern Santa Fe LLC, 3.00%, 04/01/2025(b)

     3,892,000        3,805,126  

Canadian Pacific Railway Co. (Canada), 2.90%, 02/01/2025

     5,480,000        5,350,116  

CSX Corp., 3.35%, 11/01/2025

     4,696,000        4,560,527  

Union Pacific Corp.

     

3.75%, 07/15/2025

     3,890,000        3,818,140  

3.25%, 08/15/2025

     3,898,000        3,799,189  
     

 

 

 
        21,333,098  
     

 

 

 

Health Care Equipment & Supplies-1.11%

 

Abbott Laboratories, 2.95%, 03/15/2025(b)

     7,820,000        7,651,679  

Boston Scientific Corp., 1.90%, 06/01/2025

     3,910,000        3,750,356  

GE HealthCare Technologies, Inc., 5.60%, 11/15/2025

     11,660,000        11,702,683  

Stryker Corp.

     

1.15%, 06/15/2025

     5,084,000        4,824,850  

3.38%, 11/01/2025

     5,864,000        5,695,784  

Zimmer Biomet Holdings, Inc., 3.55%, 04/01/2025(b)

     6,751,000        6,607,307  
     

 

 

 
        40,232,659  
     

 

 

 

Health Care Providers & Services-3.91%

 

Cardinal Health, Inc., 3.75%, 09/15/2025

     3,910,000        3,815,968  

 

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

 

   13   

 

 

 

 


 

Invesco BulletShares 2025 Corporate Bond ETF (BSCP)–(continued)

February 29, 2024

(Unaudited)

 

     Principal
Amount
     Value  

Health Care Providers & Services-(continued)

 

Cencora, Inc., 3.25%, 03/01/2025

   $ 3,900,000      $ 3,816,710  

Cigna Group (The)

     

3.25%, 04/15/2025

     5,891,000        5,751,758  

4.13%, 11/15/2025

      17,120,000        16,835,871  

CVS Health Corp.

     

4.10%, 03/25/2025

     7,430,000        7,337,162  

3.88%, 07/20/2025

     22,129,522           21,684,083  

Elevance Health, Inc., 2.38%, 01/15/2025

     9,780,000        9,516,413  

HCA, Inc.

     

5.38%, 02/01/2025

     20,342,000        20,273,954  

5.25%, 04/15/2025(b)

     10,951,000        10,901,996  

Humana, Inc., 4.50%, 04/01/2025

     4,670,000        4,622,597  

Laboratory Corp. of America Holdings, 3.60%, 02/01/2025

     7,802,000        7,648,668  

McKesson Corp., 0.90%, 12/03/2025

     3,912,000        3,632,631  

Quest Diagnostics, Inc., 3.50%, 03/30/2025(b)

     4,694,000        4,609,620  

UnitedHealth Group, Inc.

     

3.75%, 07/15/2025

     15,602,000        15,313,414  

5.15%, 10/15/2025(b)

     5,866,000        5,880,324  
     

 

 

 
        141,641,169  
     

 

 

 

Health Care REITs-0.49%

     

Healthpeak OP LLC, 4.00%, 06/01/2025

     3,484,000        3,416,872  

Ventas Realty L.P., 3.50%, 02/01/2025

     4,674,000        4,580,911  

Welltower OP LLC, 4.00%, 06/01/2025(b)

     9,782,000        9,607,449  
     

 

 

 
        17,605,232  
     

 

 

 

Hotel & Resort REITs-0.11%

     

Host Hotels & Resorts L.P., Series E, 4.00%, 06/15/2025

     3,895,000        3,815,242  
     

 

 

 

Hotels, Restaurants & Leisure-1.01%

 

Booking Holdings, Inc., 3.65%, 03/15/2025(b)

     3,910,000        3,844,800  

Las Vegas Sands Corp., 2.90%, 06/25/2025

     3,890,000        3,722,536  

Marriott International, Inc., Series EE, 5.75%, 05/01/2025

     4,697,000        4,715,163  

McDonald’s Corp.

     

3.38%, 05/26/2025(b)

     5,446,000        5,324,714  

3.30%, 07/01/2025(b)

     5,870,000        5,734,758  

1.45%, 09/01/2025

     3,913,000        3,705,816  

Starbucks Corp., 3.80%, 08/15/2025(b)

     9,776,000        9,575,587  
     

 

 

 
        36,623,374  
     

 

 

 

Household Durables-0.21%

     

DR Horton, Inc., 2.60%, 10/15/2025

     3,894,000        3,727,787  

Lennar Corp., 4.75%, 05/30/2025

     3,901,000        3,863,392  
     

 

 

 
        7,591,179  
     

 

 

 

Household Products-0.31%

     

Colgate-Palmolive Co., 3.10%, 08/15/2025

     3,909,000        3,812,728  

Procter & Gamble Co. (The), 0.55%, 10/29/2025(b)

     7,822,000        7,296,770  
     

 

 

 
        11,109,498  
     

 

 

 
     Principal
Amount
     Value  

Industrial Conglomerates-0.63%

     

3M Co.

     

2.00%, 02/14/2025(b)

   $ 5,869,000      $ 5,671,329  

2.65%, 04/15/2025(b)

     3,909,000        3,785,416  

3.00%, 08/07/2025(b)

     4,282,000        4,147,833  

Honeywell International, Inc., 1.35%, 06/01/2025(b)

     9,750,000        9,321,563  
     

 

 

 
           22,926,141  
     

 

 

 

Insurance-0.87%

     

Allstate Corp. (The), 0.75%, 12/15/2025(b)

     4,692,000        4,331,519  

Aon Global Ltd., 3.88%, 12/15/2025

     5,867,000        5,723,492  

Chubb INA Holdings, Inc., 3.15%, 03/15/2025

     6,262,000        6,126,506  

CNO Financial Group, Inc., 5.25%, 05/30/2025

     3,907,000        3,886,043  

Marsh & McLennan Cos., Inc., 3.50%, 03/10/2025(b)

     3,911,000        3,840,426  

MetLife, Inc.

     

3.00%, 03/01/2025(b)

     3,910,000        3,821,369  

3.60%, 11/13/2025

     3,910,000        3,817,792  
     

 

 

 
        31,547,147  
     

 

 

 

Interactive Media & Services-0.20%

     

Alphabet, Inc., 0.45%, 08/15/2025(b)

     7,820,000        7,359,230  
     

 

 

 

IT Services-0.45%

     

International Business Machines Corp.

     

4.00%, 07/27/2025

     7,820,000        7,700,167  

7.00%, 10/30/2025(b)

     4,691,000        4,843,729  

VeriSign, Inc., 5.25%, 04/01/2025

     3,910,000        3,897,237  
     

 

 

 
        16,441,133  
     

 

 

 

Life Sciences Tools & Services-0.21%

 

Danaher Corp., 3.35%, 09/15/2025(b)

     3,910,000        3,815,212  

Illumina, Inc., 5.80%, 12/12/2025

     3,910,000        3,911,848  
     

 

 

 
        7,727,060  
     

 

 

 

Machinery-3.14%

     

Caterpillar Financial Services Corp.

     

4.90%, 01/17/2025

     5,846,000        5,826,141  

5.40%, 03/10/2025

     4,690,000        4,701,742  

3.40%, 05/13/2025

     9,784,000        9,580,065  

1.45%, 05/15/2025

     4,696,000        4,492,155  

5.15%, 08/11/2025(b)

     6,240,000        6,242,734  

3.65%, 08/12/2025

     6,261,000        6,137,335  

0.80%, 11/13/2025

     7,821,000        7,294,122  

CNH Industrial Capital LLC, 3.95%, 05/23/2025(b)

     3,912,000        3,840,094  

Cummins, Inc., 0.75%, 09/01/2025

     3,915,000        3,674,129  

Deere & Co., 2.75%, 04/15/2025

     5,448,000        5,308,701  

John Deere Capital Corp.

     

2.05%, 01/09/2025(b)

     4,307,000        4,196,311  

1.25%, 01/10/2025(b)

     6,256,000        6,050,839  

5.15%, 03/03/2025(b)

     3,909,000        3,912,264  

3.45%, 03/13/2025

     7,046,000        6,920,145  

3.40%, 06/06/2025(b)

     7,825,000        7,663,294  

4.95%, 06/06/2025(b)

     4,690,000        4,685,234  

4.05%, 09/08/2025(b)

     5,866,000        5,785,987  

Otis Worldwide Corp., 2.06%, 04/05/2025

      10,170,000        9,803,698  

 

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

 

   14   

 

 

 

 


 

Invesco BulletShares 2025 Corporate Bond ETF (BSCP)–(continued)

February 29, 2024

(Unaudited)

 

     Principal
Amount
     Value  

Machinery-(continued)

     

Stanley Black & Decker, Inc., 2.30%, 02/24/2025

   $ 3,900,000      $ 3,779,840  

Wabtec Corp., 3.20%, 06/15/2025

     3,916,000        3,799,042  
     

 

 

 
          113,693,872  
     

 

 

 

Media-1.65%

     

Charter Communications Operating LLC/ Charter Communications Operating Capital Corp., 4.91%, 07/23/2025

      35,163,000        34,685,868  

Comcast Corp.

     

3.38%, 02/15/2025(b)

     3,267,000        3,211,513  

3.38%, 08/15/2025

     11,736,000        11,465,472  

5.25%, 11/07/2025(b)

     5,851,000        5,879,238  

Fox Corp., 3.05%, 04/07/2025(b)

     4,696,000        4,573,633  
     

 

 

 
        59,815,724  
     

 

 

 

Metals & Mining-0.21%

     

Nucor Corp.

     

3.95%, 05/23/2025

     3,916,000        3,855,825  

2.00%, 06/01/2025

     3,890,000        3,733,494  
     

 

 

 
        7,589,319  
     

 

 

 

Multi-Utilities-0.95%

     

Dominion Energy, Inc., 3.90%, 10/01/2025

     5,844,000        5,709,322  

DTE Energy Co., Series F, 1.05%, 06/01/2025

     6,225,000        5,896,677  

NiSource, Inc., 0.95%, 08/15/2025

     9,749,000        9,149,539  

Public Service Enterprise Group, Inc., 0.80%, 08/15/2025(b)

     4,302,000        4,029,483  

Sempra, 3.30%, 04/01/2025

     5,867,000        5,729,965  

WEC Energy Group, Inc., 5.00%, 09/27/2025

     3,895,000        3,874,939  
     

 

 

 
        34,389,925  
     

 

 

 

Office REITs-0.31%

     

Alexandria Real Estate Equities, Inc., 3.45%, 04/30/2025

     4,673,000        4,564,820  

Boston Properties L.P., 3.20%, 01/15/2025

     6,649,000        6,501,765  
     

 

 

 
        11,066,585  
     

 

 

 

Oil, Gas & Consumable Fuels-7.65%

     

Canadian Natural Resources Ltd. (Canada)

     

3.90%, 02/01/2025(b)

     4,681,000        4,605,951  

2.05%, 07/15/2025(b)

     4,695,000        4,482,125  

Cheniere Corpus Christi Holdings LLC, 5.88%, 03/31/2025

     11,664,000        11,665,886  

Chevron Corp.

     

1.55%, 05/11/2025

     19,560,000        18,775,174  

3.33%, 11/17/2025(b)

     5,865,000        5,725,212  

Chevron USA, Inc., 0.69%, 08/12/2025

     5,865,000        5,517,902  

Columbia Pipeline Group, Inc., 4.50%, 06/01/2025

     7,813,000        7,702,093  

DCP Midstream Operating L.P., 5.38%, 07/15/2025

     6,451,000        6,442,332  

Devon Energy Corp., 5.85%, 12/15/2025

     3,793,000        3,816,141  

Enbridge Energy Partners L.P., 5.88%, 10/15/2025

     3,914,000        3,940,640  
     Principal
Amount
     Value  

Oil, Gas & Consumable Fuels-(continued)

 

Enbridge, Inc. (Canada)

     

2.50%, 01/15/2025

   $ 3,916,000      $ 3,817,707  

2.50%, 02/14/2025

     3,889,000        3,780,945  

Energy Transfer L.P.

     

4.05%, 03/15/2025

     7,826,000        7,702,152