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  Invesco Semi-Annual Report to Shareholders
  October 31, 2021
 

 

PWB

 

 

Invesco Dynamic Large Cap Growth ETF

 

 

PWV

 

 

Invesco Dynamic Large Cap Value ETF

 

 

EQWL

 

 

Invesco S&P 100 Equal Weight ETF

  SPGP   Invesco S&P 500 GARP ETF
  SPVM   Invesco S&P 500 Value with Momentum ETF
  XMMO   Invesco S&P MidCap Momentum ETF
  XMHQ   Invesco S&P MidCap Quality ETF
  XMVM   Invesco S&P MidCap Value with Momentum ETF
  XSMO   Invesco S&P SmallCap Momentum ETF
  XSVM   Invesco S&P SmallCap Value with Momentum ETF
  CZA   Invesco Zacks Mid-Cap ETF
  CVY   Invesco Zacks Multi-Asset Income ETF


 

Table of Contents

 

Schedules of Investments

  

Invesco Dynamic Large Cap Growth ETF (PWB)

     3  

Invesco Dynamic Large Cap Value ETF (PWV)

     5  

Invesco S&P 100 Equal Weight ETF (EQWL)

     7  

Invesco S&P 500 GARP ETF (SPGP)

     10  

Invesco S&P 500 Value with Momentum ETF (SPVM)

     12  

Invesco S&P MidCap Momentum ETF (XMMO)

     15  

Invesco S&P MidCap Quality ETF (XMHQ)

     18  

Invesco S&P MidCap Value with Momentum ETF (XMVM)

     21  

Invesco S&P SmallCap Momentum ETF (XSMO)

     24  

Invesco S&P SmallCap Value with Momentum ETF (XSVM)

     27  

Invesco Zacks Mid-Cap ETF (CZA)

     30  

Invesco Zacks Multi-Asset Income ETF (CVY)

     33  

Statements of Assets and Liabilities

     38  

Statements of Operations

     40  

Statements of Changes in Net Assets

     42  

Financial Highlights

     47  

Notes to Financial Statements

     59  

Fund Expenses

     71  

 

   

 

  2   

   
 


 

Invesco Dynamic Large Cap Growth ETF (PWB)

October 31, 2021

(Unaudited)

 

Schedule of Investments(a)

 

         Shares              Value      

Common Stocks & Other Equity Interests-99.97%

 

Communication Services-11.76%

     

Alphabet, Inc., Class A(b)

     9,720      $ 28,780,142  

Charter Communications, Inc., Class A(b)

     14,804        9,991,072  

Meta Platforms, Inc., Class A(b)

     74,944        24,249,630  

T-Mobile US, Inc.(b)

     82,341        9,471,685  

Walt Disney Co. (The)(b)

     153,424        25,939,396  
     

 

 

 
        98,431,925  
     

 

 

 

Consumer Discretionary-10.49%

     

Booking Holdings, Inc.(b)

     5,254        12,718,778  

Starbucks Corp.

     101,992        10,818,291  

Tesla, Inc.(b)

     38,622        43,024,908  

TJX Cos., Inc. (The)

     155,893        10,209,433  

Yum! Brands, Inc.

     87,879        10,979,602  
     

 

 

 
        87,751,012  
     

 

 

 

Consumer Staples-4.91%

     

Costco Wholesale Corp.

     60,626        29,800,104  

Estee Lauder Cos., Inc. (The), Class A

     34,832        11,297,063  
     

 

 

 
        41,097,167  
     

 

 

 

Energy-1.60%

     

Schlumberger N.V.

     415,837        13,414,902  
     

 

 

 

Financials-7.91%

     

American Express Co.

     72,787        12,648,925  

Aon PLC, Class A

     41,969        13,426,722  

Charles Schwab Corp. (The)

     158,235        12,980,017  

Coinbase Global, Inc., Class A(b)(c)

     45,248        14,453,116  

MSCI, Inc.

     19,070        12,679,262  
     

 

 

 
        66,188,042  
     

 

 

 

Health Care-18.25%

     

Abbott Laboratories

     218,190        28,122,509  

Agilent Technologies, Inc.

     68,971        10,862,243  

Align Technology, Inc.(b)

     16,438        10,263,394  

Danaher Corp.

     85,436        26,636,382  

IDEXX Laboratories, Inc.(b)

     17,485        11,647,458  

IQVIA Holdings, Inc.(b)

     45,695        11,945,587  

Mettler-Toledo International, Inc.(b)

     7,707        11,413,142  

Moderna, Inc.(b)

     29,718        10,258,951  

Thermo Fisher Scientific, Inc.

     49,920        31,602,854  
     

 

 

 
        152,752,520  
     

 

 

 

Industrials-6.62%

     

Carrier Global Corp.

     207,323        10,828,480  

Caterpillar, Inc.

     55,208        11,262,984  

Deere & Co.

     31,898        10,919,004  

Johnson Controls International PLC

     157,243        11,536,919  

Trane Technologies PLC

     59,716        10,804,416  
     

 

 

 
        55,351,803  
     

 

 

 

Information Technology-36.93%

     

Adobe, Inc.(b)

     41,753        27,154,481  

 

         Shares          Value  

Information Technology-(continued)

 

Amphenol Corp., Class A

     155,906      $ 11,968,904  

Apple, Inc.

     183,104        27,428,979  

Applied Materials, Inc.

     89,300        12,202,845  

EPAM Systems, Inc.(b)

     18,502        12,456,286  

Fortinet, Inc.(b)

     39,137        13,163,339  

Intuit, Inc.

     21,182        13,259,720  

Mastercard, Inc., Class A

     75,659        25,385,108  

Micron Technology, Inc.

     163,035        11,265,718  

Microsoft Corp.

     90,454        29,996,355  

Motorola Solutions, Inc.

     49,096        12,204,775  

NVIDIA Corp.

     125,693        32,135,929  

NXP Semiconductors N.V. (China)

     54,687        10,984,431  

PayPal Holdings, Inc.(b)

     97,939        22,779,632  

QUALCOMM, Inc.

     81,221        10,805,642  

Square, Inc., Class A(b)

     43,464        11,061,588  

Visa, Inc., Class A

     116,867        24,748,925  
     

 

 

 
        309,002,657  
     

 

 

 

Materials-1.50%

     

Freeport-McMoRan, Inc.

     333,283        12,571,435  
     

 

 

 

Total Common Stocks & Other Equity Interests
(Cost $678,420,168)

 

     836,561,463  
     

 

 

 

Money Market Funds-0.04%

 

Invesco Government & Agency Portfolio, Institutional Class, 0.03%(d)(e)
(Cost $295,890)

     295,890        295,890  
     

 

 

 

TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-100.01%
(Cost $678,716,058)

 

     836,857,353  
     

 

 

 
Investments Purchased with Cash Collateral from Securities on Loan

 

Money Market Funds-0.71%

     

Invesco Private Government Fund,
0.02%
(d)(e)(f)

     1,786,413        1,786,413  

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

     4,166,630        4,168,297  
     

 

 

 

Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $5,954,710)

 

     5,954,710  
     

 

 

 

TOTAL INVESTMENTS IN SECURITIES-100.72%
(Cost $684,670,768)

 

     842,812,063  

OTHER ASSETS LESS LIABILITIES-(0.72)%

 

     (6,031,065
     

 

 

 

NET ASSETS-100.00%

      $ 836,780,998  
     

 

 

 

 

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

   
   

 

  3   

   
 


 

Invesco Dynamic Large Cap Growth ETF (PWB)—(continued)

October 31, 2021

(Unaudited)

 

Notes to Schedule of Investments:

(a)

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

(b)

Non-income producing security.

(c)

All or a portion of this security was out on loan at October 31, 2021.

(d)

Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the six months ended October 31, 2021.

 

   

Value

April 30, 2021

     Purchases
at Cost
     Proceeds
from Sales
    Change in
Unrealized
Appreciation
   

Realized

   Gain   

    Value
October 31, 2021
   

Dividend

  Income  

 

Investments in Affiliated Money Market Funds:

                                     

Invesco Government & Agency Portfolio, Institutional Class

 

    

  $ 155,781        $ 3,130,221      $ (2,990,112               $ -                            $ -                            $ 295,890                              $ 41  

Investments Purchased with Cash Collateral from Securities on Loan:

                                              

Invesco Private Government Fund

      5,428,858          60,472,241        (64,114,686        -            -            1,786,413            354

Invesco Private Prime Fund

      8,143,287          111,031,960        (115,006,950        -            -            4,168,297            5,248
   

 

 

      

 

 

    

 

 

      

 

 

        

 

 

        

 

 

        

 

 

 

Total

    $ 13,727,926        $ 174,634,422      $ (182,111,748      $ -          $ -          $ 6,250,600          $ 5,643  
   

 

 

      

 

 

    

 

 

      

 

 

        

 

 

        

 

 

        

 

 

 

 

*

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 October 31, 2021.

(f)

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

 

 Portfolio Composition

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

 as of October 31, 2021

     

Information Technology

     36.93                                       

Health Care

     18.25     

Communication Services

     11.76              

Consumer Discretionary

     10.49     

Financials

     7.91     

Industrials

     6.62     

Consumer Staples

     4.91     

Sector Types Each Less Than 3%

     3.10     

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.

   
   

 

  4   

   
 


 

Invesco Dynamic Large Cap Value ETF (PWV)

October 31, 2021

(Unaudited)

 

Schedule of Investments(a)

 

        Shares         Value  

Common Stocks & Other Equity Interests-99.93%

 

Communication Services-2.77%

     

Comcast Corp., Class A

     419,073      $ 21,552,924  
     

 

 

 

Consumer Discretionary-8.54%

 

Ford Motor Co.(b)

     817,896        13,969,664  

General Motors Co.(b)

     215,152        11,710,724  

Home Depot, Inc. (The)

     76,749        28,530,673  

Lowe’s Cos., Inc.

     52,437        12,260,819  
     

 

 

 
        66,471,880  
     

 

 

 

Consumer Staples-13.70%

     

PepsiCo, Inc.

     159,989        25,854,222  

Philip Morris International, Inc.

     105,980        10,019,349  

Procter & Gamble Co. (The)

     174,188        24,907,142  

Sysco Corp.

     135,948        10,454,401  

Walgreens Boots Alliance, Inc.

     220,626        10,373,835  

Walmart, Inc.

     167,523        25,031,287  
     

 

 

 
        106,640,236  
     

 

 

 

Energy-13.75%

 

Chevron Corp.

     109,005        12,479,982  

ConocoPhillips

     193,006        14,377,017  

EOG Resources, Inc.

     156,234        14,445,396  

Exxon Mobil Corp.

     450,426        29,038,964  

Kinder Morgan, Inc.

     647,151        10,839,779  

Marathon Petroleum Corp.

     184,007        12,131,582  

Pioneer Natural Resources Co.

     73,080        13,664,498  
     

 

 

 
        106,977,218  
     

 

 

 

Financials-22.30%

 

Aflac, Inc.

     188,061        10,093,234  

Allstate Corp. (The)

     77,877        9,631,049  

Bank of America Corp.

     601,175        28,724,141  

Citigroup, Inc.

     148,044        10,238,723  

Goldman Sachs Group, Inc. (The)

     26,104        10,790,088  

JPMorgan Chase & Co.

     158,177        26,872,691  

MetLife, Inc.

     172,882        10,856,990  

Morgan Stanley

     103,454        10,633,002  

Prudential Financial, Inc.

     101,070        11,122,753  

T. Rowe Price Group, Inc.(c)

     49,148        10,659,218  

Travelers Cos., Inc. (The)

     66,391        10,680,984  

Truist Financial Corp.

     188,061        11,936,232  

U.S. Bancorp

     187,732        11,333,381  
     

 

 

 
        173,572,486  
     

 

 

 

Health Care-18.09%

 

AbbVie, Inc.

     208,448        23,902,732  

Anthem, Inc.

     28,309        12,318,095  

CVS Health Corp.

     127,250        11,360,880  

HCA Healthcare, Inc.

     42,750        10,707,165  

Johnson & Johnson

     142,239        23,167,888  

Medtronic PLC

     80,447        9,642,378  

Pfizer, Inc.

     515,505        22,548,189  

UnitedHealth Group, Inc.

     58,906        27,124,446  
     

 

 

 
        140,771,773  
     

 

 

 

 

 

        Shares         Value  

Industrials-5.71%

 

3M Co.

     54,764      $ 9,785,232  

General Dynamics Corp.

     53,613        10,870,036  

Norfolk Southern Corp.

     41,110        12,047,285  

Republic Services, Inc.

     87,103        11,724,064  
     

 

 

 
        44,426,617  
     

 

 

 

Information Technology-12.39%

 

Cisco Systems, Inc.

     420,515        23,536,225  

Dell Technologies, Inc., Class C(b)

     105,865        11,644,091  

Intel Corp.

     463,505        22,711,745  

Oracle Corp.

     281,617        27,018,335  

Paychex, Inc.

     93,315        11,503,873  
     

 

 

 
        96,414,269  
     

 

 

 

Materials-2.68%

 

DuPont de Nemours, Inc.

     142,675        9,930,180  

Linde PLC (United Kingdom)

     34,131        10,894,615  
     

 

 

 
        20,824,795  
     

 

 

 

Total Common Stocks & Other Equity Interests
(Cost $690,815,898)

 

     777,652,198  
     

 

 

 

Money Market Funds-0.00%

 

Invesco Government & Agency Portfolio,
Institutional Class, 0.03%
(d)(e)
(Cost $15,774)

     15,774        15,774  
     

 

 

 

TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.93%
(Cost $690,831,672)

 

     777,667,972  
     

 

 

 
Investments Purchased with Cash Collateral from Securities on Loan

 

Money Market Funds-1.23%

 

Invesco Private Government Fund,
0.02%
(d)(e)(f)

     2,871,627        2,871,627  

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

     6,697,784        6,700,463  
     

 

 

 

Total Investments Purchased with Cash Collateral from Securities on Loan
(Cost $9,572,090)

 

     9,572,090  
     

 

 

 

TOTAL INVESTMENTS IN SECURITIES-101.16%
(Cost $700,403,762)

 

     787,240,062  

OTHER ASSETS LESS LIABILITIES-(1.16)%

 

     (9,039,350
     

 

 

 

NET ASSETS-100.00%

      $ 778,200,712  
     

 

 

 

 

 

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

   
   

 

  5   

   
 


 

Invesco Dynamic Large Cap Value ETF (PWV)—(continued)

October 31, 2021

(Unaudited)

 

Notes to Schedule of Investments:

(a)

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

(b)

Non-income producing security.

(c)

All or a portion of this security was out on loan at October 31, 2021.

(d)

Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the six months ended October 31, 2021.

 

   

Value
April 30, 2021

     Purchases
at Cost
     Proceeds
from Sales
   

Change in

Unrealized

Appreciation

   

Realized

    Gain    

   

Value

October 31, 2021

   

Dividend

 Income 

 

Investments in Affiliated Money Market Funds:

                                               

Invesco Government & Agency Portfolio, Institutional Class

    $ 37,536                   $ 14,646,894      $ (14,668,656               $ -                            $ -                             $ 15,774                              $ 75  

Investments Purchased with Cash Collateral from Securities on Loan:

                                    

Invesco Private Government Fund

      -          9,523,022        (6,651,395        -            -           2,871,627            46

Invesco Private Prime Fund

      -          22,218,308        (15,517,845        -            -           6,700,463            589
   

 

 

      

 

 

    

 

 

      

 

 

        

 

 

       

 

 

        

 

 

 

Total

    $ 37,536        $ 46,388,224      $ (36,837,896      $ -          $ -         $ 9,587,864          $ 710  
   

 

 

      

 

 

    

 

 

      

 

 

        

 

 

       

 

 

        

 

 

 
*

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 October 31, 2021.

(f)

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

 Portfolio Composition

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

 as of October 31, 2021

 

     

Financials

     22.30    

Health Care

     18.09    

Energy

     13.75    

Consumer Staples

     13.70                                  

Information Technology

     12.39    

Consumer Discretionary

     8.54    

Industrials

     5.71    

Sector Types Each Less Than 3%

     5.45    

Money Market Funds Plus Other Assets Less Liabilities

     0.07    

 

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

   
   

 

  6   

   
 


 

Invesco S&P 100 Equal Weight ETF (EQWL)

October 31, 2021

(Unaudited)

Schedule of Investments(a)

 

         Shares             Value        

Common Stocks & Other Equity Interests-99.95%

 

Communication Services-8.27%

    

Alphabet, Inc., Class A(b)

     197     $ 583,301  

Alphabet, Inc., Class C(b)

     186       551,566  

AT&T, Inc.

     39,741        1,003,858  

Charter Communications, Inc., Class A(b)

     1,372       925,949  

Comcast Corp., Class A

     18,215       936,797  

Meta Platforms, Inc., Class A(b)

     2,858       924,763  

Netflix, Inc.(b)

     1,809       1,248,771  

T-Mobile US, Inc.(b)

     8,262       950,378  

Verizon Communications, Inc.

     19,919       1,055,508  

Walt Disney Co. (The)(b)

     5,895       996,668  
    

 

 

 
       9,177,559  
    

 

 

 

Consumer Discretionary-11.94%

    

Amazon.com, Inc.(b)

     312       1,052,198  

Booking Holdings, Inc.(b)

     473       1,145,029  

Ford Motor Co.(b)

     85,184       1,454,943  

General Motors Co.(b)

     21,823       1,187,826  

Home Depot, Inc. (The)

     3,261       1,212,244  

Lowe’s Cos., Inc.

     5,288       1,236,440  

McDonald’s Corp.

     4,535       1,113,569  

NIKE, Inc., Class B

     6,607       1,105,285  

Starbucks Corp.

     9,056       960,570  

Target Corp.

     4,437       1,151,934  

Tesla, Inc.(b)

     1,468       1,635,352  
    

 

 

 
       13,255,390  
    

 

 

 

Consumer Staples-10.56%

    

Altria Group, Inc.

     21,351       941,793  

Coca-Cola Co. (The)

     19,423       1,094,875  

Colgate-Palmolive Co.

     14,019       1,068,108  

Costco Wholesale Corp.

     2,330       1,145,288  

Kraft Heinz Co. (The)

     29,730       1,067,010  

Mondelez International, Inc., Class A

     17,935       1,089,372  

PepsiCo, Inc.

     6,952       1,123,443  

Philip Morris International, Inc.

     10,434       986,430  

Procter & Gamble Co. (The)

     7,500       1,072,425  

Walgreens Boots Alliance, Inc.

     21,839       1,026,870  

Walmart, Inc.

     7,404       1,106,306  
    

 

 

 
       11,721,920  
    

 

 

 

Energy-3.62%

    

Chevron Corp.

     11,242       1,287,097  

ConocoPhillips

     19,384       1,443,914  

Exxon Mobil Corp.

     20,016       1,290,431  
    

 

 

 
       4,021,442  
    

 

 

 

Financials-14.52%

    

American Express Co.

     6,810       1,183,442  

American International Group, Inc.

     19,838       1,172,227  

Bank of America Corp.

     26,822       1,281,555  

Bank of New York Mellon Corp. (The)

     20,813       1,232,130  

Berkshire Hathaway, Inc., Class B(b)

     3,909       1,121,922  

BlackRock, Inc.

     1,179       1,112,339  

Capital One Financial Corp.

     6,948       1,049,357  

Citigroup, Inc.

     15,530       1,074,055  

Goldman Sachs Group, Inc. (The)

     2,677       1,106,538  

JPMorgan Chase & Co.

     6,865       1,166,295  

MetLife, Inc.

     17,778       1,116,458  
         Shares             Value        

Financials-(continued)

    

Morgan Stanley

     10,427     $ 1,071,687  

U.S. Bancorp

     19,484       1,176,249  

Wells Fargo & Co.

     24,371       1,246,820  
    

 

 

 
       16,111,074  
    

 

 

 

Health Care-14.76%

    

Abbott Laboratories

     8,395       1,082,031  

AbbVie, Inc.

     10,129       1,161,492  

Amgen, Inc.

     5,077       1,050,787  

Biogen, Inc.(b)

     3,620       965,382  

Bristol-Myers Squibb Co.

     17,114        999,458  

CVS Health Corp.

     12,896       1,151,355  

Danaher Corp.

     3,279       1,022,294  

Eli Lilly and Co.

     4,530       1,154,063  

Gilead Sciences, Inc.

     15,213       987,019  

Johnson & Johnson

     6,470       1,053,834  

Medtronic PLC

     8,234       986,927  

Merck & Co., Inc.

     14,702       1,294,511  

Pfizer, Inc.

     23,700       1,036,638  

Thermo Fisher Scientific, Inc.

     1,896       1,200,301  

UnitedHealth Group, Inc.

     2,686       1,236,822  
    

 

 

 
       16,382,914  
    

 

 

 

Industrials-11.84%

    

3M Co.

     5,880       1,050,638  

Boeing Co. (The)(b)

     5,138       1,063,720  

Caterpillar, Inc.

     5,270       1,075,133  

Emerson Electric Co.

     10,795       1,047,223  

FedEx Corp.

     4,197       988,519  

General Dynamics Corp.

     5,366       1,087,957  

General Electric Co.

     10,588       1,110,364  

Honeywell International, Inc.

     4,860       1,062,493  

Lockheed Martin Corp.

     3,127       1,039,165  

Raytheon Technologies Corp.

     13,018       1,156,779  

Union Pacific Corp.

     5,220       1,260,108  

United Parcel Service, Inc., Class B

     5,614       1,198,421  
    

 

 

 
       13,140,520  
    

 

 

 

Information Technology-15.63%

    

Accenture PLC, Class A

     3,162       1,134,494  

Adobe, Inc.(b)

     1,646       1,070,493  

Apple, Inc.

     7,255       1,086,799  

Broadcom, Inc.

     2,179       1,158,509  

Cisco Systems, Inc.

     18,660       1,044,400  

Intel Corp.

     20,064       983,136  

International Business Machines Corp.

     7,887       986,664  

Mastercard, Inc., Class A

     3,114       1,044,809  

Microsoft Corp.

     3,657       1,212,734  

NVIDIA Corp.

     4,805       1,228,494  

Oracle Corp.

     12,043       1,155,406  

PayPal Holdings, Inc.(b)

     3,802       884,307  

QUALCOMM, Inc.

     7,567       1,006,714  

salesforce.com, Inc.(b)

     4,206       1,260,496  

Texas Instruments, Inc.

     5,667       1,062,449  

Visa, Inc., Class A

     4,825       1,021,790  
    

 

 

 
       17,341,694  
    

 

 

 

Materials-2.87%

    

Dow, Inc.

     17,876       1,000,519  

 

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

   
   

 

  7   

   
 


 

Invesco S&P 100 Equal Weight ETF (EQWL)—(continued)

October 31, 2021

(Unaudited)

 

         Shares             Value        

Materials-(continued)

    

DuPont de Nemours, Inc.

     15,323     $ 1,066,481  

Linde PLC (United Kingdom)

     3,494       1,115,285  
    

 

 

 
       3,182,285  
    

 

 

 

Real Estate-2.05%

    

American Tower Corp.

     3,677       1,036,804  

Simon Property Group, Inc.

     8,446       1,238,014  
    

 

 

 
       2,274,818  
    

 

 

 

Utilities-3.89%

    

Duke Energy Corp.

     10,464        1,067,433  

Exelon Corp.

     21,644       1,151,244  

NextEra Energy, Inc.

     12,719       1,085,312  

Southern Co. (The)

     16,318       1,016,938  
    

 

 

 
       4,320,927  
    

 

 

 

Total Common Stocks & Other Equity Interests
(Cost $87,948,034)

 

    110,930,543  
    

 

 

 
         Shares             Value        

Money Market Funds-0.03%

    

Invesco Government & Agency Portfolio, Institutional Class, 0.03%(c)(d)
(Cost $34,771)

     34,771      $ 34,771  
    

 

 

 

TOTAL INVESTMENTS IN SECURITIES-99.98%
(Cost $87,982,805)

 

    110,965,314  

OTHER ASSETS LESS LIABILITIES-0.02%

 

    26,388  
    

 

 

 

NET ASSETS-100.00%

     $ 110,991,702  
    

 

 

 

 

Notes to Schedule of Investments:

(a)

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

(b)

Non-income producing security.

(c)

Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the six months ended October 31, 2021.

 

   

Value
April 30, 2021

     Purchases
at Cost
    

Proceeds

 from Sales 

    Change in
Unrealized
Appreciation
   

Realized
   Gain   

    Value
October 31, 2021
   

Dividend
Income

 

Investments in Affiliated Money Market Funds:

 

      

                                                     

Invesco Government & Agency Portfolio, Institutional Class

    $ 120,677        $ 1,404,731      $ (1,490,637                  $ -                                 $ -                             $ 34,771                  $ 15           

Investments Purchased with Cash Collateral from Securities on Loan:

                                   

Invesco Private Government Fund

      336,810          406,539        (743,349       -           -           -           1  

Invesco Private Prime Fund

      505,216          839,674        (1,344,890       -           -           -           22  
   

 

 

      

 

 

    

 

 

     

 

 

       

 

 

       

 

 

       

 

 

   

Total

    $ 962,703        $ 2,650,944      $ (3,578,876     $ -         $ -         $ 34,771         $ 38    
   

 

 

      

 

 

    

 

 

     

 

 

       

 

 

       

 

 

       

 

 

   

 

*

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 October 31, 2021.

 

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

   
   

 

  8   

   
 


 

Invesco S&P 100 Equal Weight ETF (EQWL)—(continued)

October 31, 2021

(Unaudited)

 

 Portfolio Composition

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

 as of October 31, 2021

 

     

Information Technology

     15.63     

Health Care

     14.76     

Financials

     14.52     

Consumer Discretionary

     11.94     

Industrials

     11.84     

Consumer Staples

     10.56     

Communication Services

     8.27     

Utilities

     3.89                                       

Energy

     3.62     

Sector Types Each Less Than 3%

     4.92     

Money Market Funds Plus Other Assets Less Liabilities

     0.05     

 

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

   
   

 

  9   

   
 


 

Invesco S&P 500 GARP ETF (SPGP)

October 31, 2021

(Unaudited)

Schedule of Investments(a)

 

         Shares           Value        

Common Stocks & Other Equity Interests-100.03%

 

Communication Services-1.55%

    

Meta Platforms, Inc., Class A(b)

     31,300     $ 10,127,741  
    

 

 

 

Consumer Discretionary-13.18%

    

Best Buy Co., Inc.

     61,099       7,468,742  

D.R. Horton, Inc.

     92,043       8,216,679  

Dollar General Corp.

     42,872        9,497,006  

Etsy, Inc.(b)

     66,738       16,730,549  

Lennar Corp., Class A

     80,785       8,072,845  

Pool Corp.

     18,283       9,418,670  

PulteGroup, Inc.

     156,362       7,517,885  

Target Corp.

     32,426       8,418,438  

Tractor Supply Co.

     49,471       10,743,617  
    

 

 

 
       86,084,431  
    

 

 

 

Consumer Staples-3.24%

    

Campbell Soup Co.

     180,455       7,209,177  

Kroger Co. (The)

     166,192       6,651,004  

Monster Beverage Corp.(b)

     85,926       7,303,710  
    

 

 

 
       21,163,891  
    

 

 

 

Financials-18.34%

    

Allstate Corp. (The)

     53,055       6,561,312  

Aon PLC, Class A

     26,096       8,348,632  

Cboe Global Markets, Inc.

     69,331       9,147,532  

Cincinnati Financial Corp.

     56,112       6,814,241  

Everest Re Group Ltd.

     29,761       7,782,502  

Goldman Sachs Group, Inc. (The)

     21,911       9,056,912  

MarketAxess Holdings, Inc.

     22,470       9,182,815  

Moody’s Corp.

     20,408       8,247,893  

Morgan Stanley

     84,235       8,657,673  

Progressive Corp. (The)

     99,827       9,471,586  

Raymond James Financial, Inc.

     74,127       7,308,181  

S&P Global, Inc.

     17,855       8,466,127  

SVB Financial Group(b)

     17,893       12,836,438  

T. Rowe Price Group, Inc.

     36,765       7,973,593  
    

 

 

 
       119,855,437  
    

 

 

 

Health Care-28.33%

    

Amgen, Inc.

     35,717       7,392,347  

Anthem, Inc.

     18,983       8,260,073  

Biogen, Inc.(b)

     19,755       5,268,263  

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

     13,994       11,120,752  

Centene Corp.(b)

     99,472       7,086,385  

Cigna Corp.

     44,060       9,411,657  

DaVita, Inc.(b)

     77,231       7,973,328  

Hologic, Inc.(b)

     112,801       8,269,441  

Humana, Inc.

     20,094       9,306,737  

IDEXX Laboratories, Inc.(b)

     13,969       9,305,310  

Laboratory Corp. of America Holdings(b)

     28,907       8,296,887  

Merck & Co., Inc.

     100,430       8,842,862  

PerkinElmer, Inc.

     67,122       11,873,211  

Quest Diagnostics, Inc.

     54,695       8,028,132  

Regeneron Pharmaceuticals, Inc.(b)

     15,488       9,911,391  

Thermo Fisher Scientific, Inc.

     19,977       12,646,839  

UnitedHealth Group, Inc.

     16,743       7,709,649  

Universal Health Services, Inc., Class B

     39,482       4,899,716  

Vertex Pharmaceuticals, Inc.(b)

     58,257       10,773,467  
         Shares             Value          

Health Care-(continued)

    

Waters Corp.(b)

     27,894     $ 10,252,440  

Zoetis, Inc.

     39,308       8,498,390  
    

 

 

 
       185,127,277  
    

 

 

 

Industrials-12.87%

    

Copart, Inc.(b)

     66,743        10,364,520  

Expeditors International of Washington, Inc.

     68,149       8,400,046  

Fastenal Co.

     126,608       7,226,785  

Fortune Brands Home & Security, Inc.

     63,911       6,480,575  

General Dynamics Corp.

     32,987       6,688,114  

Huntington Ingalls Industries, Inc.

     34,389       6,971,682  

J.B. Hunt Transport Services, Inc.

     41,283       8,140,595  

Leidos Holdings, Inc.(c)

     65,455       6,544,191  

Lockheed Martin Corp.

     20,556       6,831,170  

Northrop Grumman Corp.

     20,633       7,370,520  

United Rentals, Inc.(b)

     23,846       9,040,257  
    

 

 

 
       84,058,455  
    

 

 

 

Information Technology-21.55%

    

Adobe, Inc.(b)

     20,783       13,516,432  

Apple, Inc.

     60,002       8,988,300  

Applied Materials, Inc.

     52,151       7,126,434  

CDW Corp.

     43,459       8,111,622  

Fortinet, Inc.(b)

     55,169       18,555,541  

Intel Corp.

     137,379       6,731,571  

KLA Corp.

     28,575       10,651,617  

Lam Research Corp.

     11,865       6,686,758  

Mastercard, Inc., Class A

     18,964       6,362,801  

Microsoft Corp.

     32,579       10,803,848  

NetApp, Inc.

     94,459       8,435,189  

Oracle Corp.

     80,697       7,742,070  

Paychex, Inc.

     62,907       7,755,175  

QUALCOMM, Inc.

     59,113       7,864,394  

Teradyne, Inc.(c)

     83,163       11,496,453  
    

 

 

 
       140,828,205  
    

 

 

 

Utilities-0.97%

    

Sempra Energy

     49,485       6,315,771  
    

 

 

 

TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-100.03%
(Cost $588,326,756)

       653,561,208  
    

 

 

 
Investments Purchased with Cash Collateral from Securities on Loan

 

Money Market Funds-0.54%

 

Invesco Private Government Fund, 0.02%(d)(e)(f)

     1,057,186       1,057,186  

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

     2,465,782       2,466,768  
    

 

 

 

Total Investments Purchased with Cash Collateral from Securities on Loan
(Cost $3,523,954)

 

    3,523,954  
    

 

 

 

TOTAL INVESTMENTS IN SECURITIES-100.57%
(Cost $591,850,710)

 

    657,085,162  

OTHER ASSETS LESS LIABILITIES-(0.57)%

 

    (3,721,438
    

 

 

 

NET ASSETS-100.00%

     $ 653,363,724  
    

 

 

 

 

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

   
   

 

  10   

   
 


 

Invesco S&P 500 GARP ETF (SPGP)—(continued)

October 31, 2021

(Unaudited)

 

Notes to Schedule of Investments:

(a)

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

(b)

Non-income producing security.

(c)

All or a portion of this security was out on loan at October 31, 2021.

(d)

Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the six months ended October 31, 2021.

 

   

Value

April 30, 2021

    Purchases
at Cost
    Proceeds
from Sales
    Change in
Unrealized
Appreciation
   

Realized

   Gain   

    Value
October 31, 2021
   

Dividend
 Income 

 

Investments in Affiliated Money Market Funds:

                                                                                                      

Invesco Government & Agency Portfolio, Institutional Class

    $ 175,539       $ 3,011,955     $ (3,187,494     $ -         $ -         $ -                  $ 36  

Investments Purchased with Cash Collateral from Securities on Loan:

                               

Invesco Private Government Fund

      -         47,059,374       (46,002,188       -           -           1,057,186           317

Invesco Private Prime Fund

      -         97,367,789       (94,901,021       -           -           2,466,768           4,276
   

 

 

     

 

 

   

 

 

     

 

 

       

 

 

       

 

 

       

 

 

 

Total

    $ 175,539       $ 147,439,118     $ (144,090,703     $ -         $ -         $ 3,523,954         $ 4,629  
   

 

 

     

 

 

   

 

 

     

 

 

       

 

 

       

 

 

       

 

 

 

 

*

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 October 31, 2021.

(f)

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

 

 Portfolio Composition

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

 as of October 31, 2021

 

     

Health Care

    28.33                                  

Information Technology

    21.55    

Financials

    18.34    

Consumer Discretionary

    13.18    

Industrials

    12.87    

Consumer Staples

    3.24    

Sector Types Each Less Than 3%

    2.52    

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 S&P 500 Value with Momentum ETF (SPVM)

October 31, 2021

(Unaudited)

Schedule of Investments(a)

 

         Shares              Value      

Common Stocks & Other Equity Interests-99.93%

 

Communication Services-5.15%

     

Comcast Corp., Class A

     4,729      $ 243,212  

DISH Network Corp., Class A(b)

     11,738        482,080  

Interpublic Group of Cos., Inc. (The)

     7,398        270,545  

News Corp., Class A

     10,060        230,374  

T-Mobile US, Inc.(b)

     1,616        185,888  

ViacomCBS, Inc., Class B

     13,567        491,397  
     

 

 

 
        1,903,496  
     

 

 

 

Consumer Discretionary-18.16%

 

Advance Auto Parts, Inc.

     1,544        348,203  

Bath & Body Works, Inc.

     3,750        259,087  

Best Buy Co., Inc.

     4,037        493,483  

BorgWarner, Inc.

     8,057        363,129  

CarMax, Inc.(b)

     3,014        412,677  

D.R. Horton, Inc.

     4,466        398,680  

Ford Motor Co.(b)

     40,951        699,443  

General Motors Co.(b)

     9,844        535,809  

Genuine Parts Co.

     1,851        242,685  

Lennar Corp., Class A

     5,320        531,628  

LKQ Corp.(b)

     7,077        389,801  

Mohawk Industries, Inc.(b)

     1,929        341,838  

Newell Brands, Inc.

     12,025        275,252  

NVR, Inc.(b)

     50        244,740  

PulteGroup, Inc.

     7,893        379,495  

Target Corp.

     1,303        338,285  

Whirlpool Corp.

     2,179        459,399  
     

 

 

 
        6,713,634  
     

 

 

 

Consumer Staples-3.48%

     

Archer-Daniels-Midland Co.

     8,913        572,571  

Costco Wholesale Corp.

     763        375,045  

Kraft Heinz Co. (The)

     9,416        337,940  
     

 

 

 
        1,285,556  
     

 

 

 

Energy-0.78%

     

ONEOK, Inc.

     4,555        289,789  
     

 

 

 

Financials-36.98%

     

American International Group, Inc.

     6,413        378,944  

Assurant, Inc.

     2,824        455,539  

Bank of America Corp.

     8,348        398,867  

Berkshire Hathaway, Inc., Class B(b)

     1,563        448,597  

Capital One Financial Corp.

     2,879        434,815  

Chubb Ltd.

     2,739        535,146  

Cincinnati Financial Corp.

     3,651        443,377  

Citizens Financial Group, Inc.

     9,591        454,422  

Comerica, Inc.

     5,344        454,721  

Discover Financial Services

     2,221        251,684  

Everest Re Group Ltd.

     2,383        623,155  

Fifth Third Bancorp

     9,064        394,556  

Goldman Sachs Group, Inc. (The)

     1,183        488,993  

Hartford Financial Services Group, Inc. (The)

     7,891        575,491  

Invesco Ltd.(c)

     15,009        381,379  

JPMorgan Chase & Co.

     2,046        347,595  

KeyCorp

     18,239        424,422  

Loews Corp.

     7,828        438,916  

MetLife, Inc.

     8,197        514,772  

Morgan Stanley

     4,250        436,815  

PNC Financial Services Group, Inc. (The)

     2,059        434,511  
         Shares              Value      

Financials-(continued)

     

Principal Financial Group, Inc.

     8,612      $ 577,779  

Progressive Corp. (The)

     4,329        410,736  

Prudential Financial, Inc.

     6,230        685,611  

Raymond James Financial, Inc.

     3,711        365,867  

Regions Financial Corp.

     17,631        417,502  

Synchrony Financial

     6,438        299,045  

Travelers Cos., Inc. (The)

     3,168        509,668  

Truist Financial Corp.

     6,356        403,415  

U.S. Bancorp

     5,268        318,029  

W.R. Berkley Corp.

     4,619        367,672  
     

 

 

 
        13,672,041  
     

 

 

 

Health Care-7.09%

 

Anthem, Inc.

     1,111        483,429  

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

     663        526,873  

Cooper Cos., Inc. (The)

     792        330,201  

DaVita, Inc.(b)

     2,354        243,027  

HCA Healthcare, Inc.

     1,204        301,554  

Laboratory Corp. of America Holdings(b)

     1,516        435,122  

UnitedHealth Group, Inc.

     652        300,226  
     

 

 

 
        2,620,432  
     

 

 

 

Industrials-10.88%

     

C.H. Robinson Worldwide, Inc.

     3,786        367,204  

Carrier Global Corp.

     5,179        270,499  

Cummins, Inc.

     1,018        244,157  

FedEx Corp.

     1,128        265,678  

Fortune Brands Home & Security, Inc.

     2,298        233,017  

General Dynamics Corp.

     1,711        346,905  

Jacobs Engineering Group, Inc.

     2,125        298,393  

Johnson Controls International PLC

     3,692        270,882  

Nielsen Holdings PLC

     12,055        244,114  

PACCAR, Inc.

     3,254        291,623  

Quanta Services, Inc.

     3,527        427,755  

Snap-on, Inc.

     962        195,507  

Stanley Black & Decker, Inc.

     1,257        225,921  

Textron, Inc.

     4,582        338,381  
     

 

 

 
        4,020,036  
     

 

 

 

Information Technology-4.15%

 

CDW Corp.

     1,436        268,029  

Corning, Inc.

     5,505        195,813  

Hewlett Packard Enterprise Co.

     29,206        427,868  

HP, Inc.

     14,055        426,289  

Micron Technology, Inc.

     3,129        216,214  
     

 

 

 
        1,534,213  
     

 

 

 

Materials-9.91%

     

Amcor PLC

     24,345        293,844  

Celanese Corp.

     1,814        292,979  

Corteva, Inc.

     7,988        344,682  

Dow, Inc.

     4,478        250,634  

DuPont de Nemours, Inc.

     4,106        285,778  

Eastman Chemical Co.

     2,096        218,047  

International Paper Co.

     5,168        256,695  

LyondellBasell Industries N.V., Class A

     2,948        273,633  

Mosaic Co. (The)

     13,492        560,862  

Nucor Corp.

     3,158        352,591  

 

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

 

   

 

  12   

   
 


 

Invesco S&P 500 Value with Momentum ETF (SPVM)—(continued)

October 31, 2021

(Unaudited)

 

         Shares              Value      

Materials-(continued)

     

Packaging Corp. of America

     1,623      $ 222,952  

WestRock Co.

     6,475        311,447  
     

 

 

 
        3,664,144  
     

 

 

 

Real Estate-2.62%

     

CBRE Group, Inc., Class A(b)

     3,202        333,264  

Kimco Realty Corp.

     17,376        392,698  

Weyerhaeuser Co.

     6,785        242,360  
     

 

 

 
        968,322  
     

 

 

 

Utilities-0.73%

     

DTE Energy Co.

     2,384        270,226  
     

 

 

 

Total Common Stocks & Other Equity Interests
(Cost $31,984,139)

 

     36,941,889  
     

 

 

 
         Shares              Value      

Money Market Funds-0.22%

 

Invesco Government & Agency Portfolio, Institutional Class,
0.03%
(c)(d)
(Cost $82,426)

     82,426      $ 82,426  
     

 

 

 

TOTAL INVESTMENTS IN SECURITIES-100.15%
(Cost $32,066,565)

 

     37,024,315  

OTHER ASSETS LESS LIABILITIES-(0.15)%

 

     (57,220
     

 

 

 

NET ASSETS-100.00%

      $ 36,967,095  
     

 

 

 

 

Notes to Schedule of Investments:

(a)

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

(b)

Non-income producing security.

(c)

Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the six months ended October 31, 2021.

 

   

Value

April 30, 2021

     Purchases
at Cost
     Proceeds
from Sales
   

Change in

Unrealized

Appreciation

(Depreciation)

    

Realized

Gain

    (Loss)    

   

Value

October 31, 2021

   

Dividend

 Income 

 

Invesco Ltd.

                $ -         $ 464,263      $ (65,271      $ (13,114         $ (4,499        $ 381,379                   $ 2,587           

Investments in Affiliated Money Market Funds:

                                                                                                                             

Invesco Government & Agency Portfolio, Institutional Class

       105,738           593,713        (617,025        -             -            82,426            12    

Investments Purchased with Cash Collateral from Securities on Loan:

                                          

Invesco Private Government Fund

       -           348,840        (348,840        -             -            -            -  

Invesco Private Prime Fund

       352,406           160,357        (512,763        -             -            -            5  
    

 

 

       

 

 

    

 

 

      

 

 

         

 

 

        

 

 

        

 

 

   

Total

     $ 458,144         $ 1,567,173      $ (1,543,899      $ (13,114         $ (4,499        $ 463,805          $ 2,604    
    

 

 

       

 

 

    

 

 

      

 

 

         

 

 

        

 

 

        

 

 

   

 

*

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 October 31, 2021.

 

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

   
   

 

  13   

   
 


 

Invesco S&P 500 Value with Momentum ETF (SPVM)—(continued)

October 31, 2021

(Unaudited)

 

 Portfolio Composition

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

 as of October 31, 2021

 

 

 

 

     

Financials

     36.98                                       

Consumer Discretionary

     18.16     

Industrials

     10.88     

Materials

     9.91     

Health Care

     7.09     

Communication Services

     5.15     

Information Technology

     4.15     

Consumer Staples

     3.48     

Sector Types Each Less Than 3%

     4.13     

Money Market Funds Plus Other Assets Less Liabilities

     0.07     

        

 

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

   
   

 

  14   

   
 


 

Invesco S&P MidCap Momentum ETF (XMMO)

October 31, 2021

(Unaudited)

Schedule of Investments(a)

 

         Shares              Value      

Common Stocks & Other Equity Interests-99.95%

 

Communication Services-1.57%

     

Ziff Davis, Inc.(b)

     124,006      $ 15,906,250  
     

 

 

 

Consumer Discretionary-23.54%

 

  

Adient PLC(b)

     131,741        5,483,060  

American Eagle Outfitters, Inc.(c)

     456,546        10,838,402  

AutoNation, Inc.(b)

     89,167        10,799,907  

Boyd Gaming Corp.(b)

     146,335        9,333,246  

Capri Holdings Ltd.(b)

     433,672        23,088,697  

Crocs, Inc.(b)

     185,595        29,964,313  

Deckers Outdoor Corp.(b)

     38,588        15,254,222  

Dick’s Sporting Goods, Inc.(c)

     107,381        13,337,794  

Five Below, Inc.(b)

     64,682        12,761,759  

GameStop Corp., Class A(b)(c)

     185,103        33,968,252  

Graham Holdings Co., Class B

     5,331        3,123,166  

Kohl’s Corp.(c)

     229,939        11,158,940  

Mattel, Inc.(b)(c)

     540,549        11,789,374  

RH(b)(c)

     24,466        16,138,508  

Scientific Games Corp.(b)

     186,188        14,904,349  

Six Flags Entertainment Corp.(b)

     101,282        4,165,729  

Tempur Sealy International, Inc.

     292,711        13,016,858  
     

 

 

 
        239,126,576  
     

 

 

 

Consumer Staples-2.43%

     

Darling Ingredients, Inc.(b)(c)

     292,063        24,685,165  
     

 

 

 

Energy-1.79%

     

Targa Resources Corp.

     331,814        18,140,271  
     

 

 

 

Financials-19.70%

     

Affiliated Managers Group, Inc.

     76,076        12,771,639  

American Financial Group, Inc.

     150,215        20,435,249  

East West Bancorp, Inc.

     192,380        15,290,362  

Evercore, Inc., Class A

     95,051        14,432,544  

Hancock Whitney Corp.

     129,335        6,399,496  

Janus Henderson Group PLC

     263,409        12,248,518  

Jefferies Financial Group, Inc.

     359,084        15,440,612  

Navient Corp.

     382,269        7,530,699  

Old Republic International Corp.

     349,131        9,018,054  

PacWest Bancorp

     147,545        7,003,961  

Pinnacle Financial Partners, Inc.

     127,215        12,285,153  

Signature Bank

     78,450        23,363,979  

SLM Corp.

     864,259        15,859,153  

Stifel Financial Corp.

     176,554        12,865,490  

Synovus Financial Corp.

     202,268        9,423,666  

UMB Financial Corp.

     57,992        5,730,769  
     

 

 

 
        200,099,344  
     

 

 

 

Health Care-3.79%

     

Acadia Healthcare Co., Inc.(b)

     130,728        8,105,136  

Envista Holdings Corp.(b)

     262,182        10,251,316  

Globus Medical, Inc., Class A(b)

     98,036        7,565,438  

Tenet Healthcare Corp.(b)

     175,615        12,584,571  
     

 

 

 
        38,506,461  
     

 

 

 

Industrials-22.78%

     

AECOM(b)

     196,643        13,444,482  

AGCO Corp.

     100,294        12,256,931  

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

     86,653        15,017,831  

Axon Enterprise, Inc.(b)

     92,502        16,646,660  

Carlisle Cos., Inc.

     78,165        17,424,542  

         Shares              Value      

Industrials-(continued)

     

EMCOR Group, Inc.

     72,902      $ 8,856,864  

Graco, Inc.

     210,421        15,819,451  

ITT, Inc.

     114,122        10,735,457  

KBR, Inc.(c)

     172,142        7,305,706  

Lincoln Electric Holdings, Inc.

     76,151        10,843,902  

ManpowerGroup, Inc.

     68,960        6,664,984  

MasTec, Inc.(b)(c)

     122,036        10,877,069  

Middleby Corp. (The)(b)

     99,099        18,079,622  

nVent Electric PLC

     213,876        7,581,904  

Ryder System, Inc.

     96,610        8,207,019  

Saia, Inc.(b)

     35,297        11,035,254  

Terex Corp.

     117,859        5,280,083  

Toro Co. (The)

     166,660        15,911,030  

Valmont Industries, Inc.

     36,710        8,772,222  

XPO Logistics, Inc.(b)

     123,754        10,618,093  
     

 

 

 
        231,379,106  
     

 

 

 

Information Technology-4.22%

 

  

Arrow Electronics, Inc.(b)

     99,494        11,516,431  

Cerence, Inc.(b)(c)

     49,240        5,176,601  

CommVault Systems, Inc.(b)

     55,118        3,389,757  

NCR Corp.(b)

     215,243        8,510,708  

Synaptics, Inc.(b)(c)

     39,206        7,628,311  

SYNNEX Corp.

     63,239        6,640,095  
     

 

 

 
        42,861,903  
     

 

 

 

Materials-11.58%

     

Avient Corp.

     130,844        7,049,875  

Cleveland-Cliffs, Inc.(b)(c)

     1,352,886        32,618,082  

Eagle Materials, Inc.

     53,363        7,916,935  

Olin Corp.

     429,631        24,480,374  

Sensient Technologies Corp.

     58,887        5,629,597  

Steel Dynamics, Inc.

     369,077        24,388,608  

United States Steel Corp.(c)

     588,114        15,520,328  
     

 

 

 
        117,603,799  
     

 

 

 

Real Estate-8.55%

     

Brixmor Property Group, Inc.

     366,172        8,583,072  

Camden Property Trust

     165,050        26,919,655  

Jones Lang LaSalle, Inc.(b)(c)

     84,062        21,707,330  

Life Storage, Inc.

     156,967        21,003,754  

National Storage Affiliates Trust

     138,035        8,621,666  
     

 

 

 
        86,835,477  
     

 

 

 

Total Common Stocks & Other Equity Interests
(Cost $932,378,869)

 

     1,015,144,352  
     

 

 

 

Money Market Funds-0.06%

 

  

Invesco Government & Agency Portfolio, Institutional Class, 0.03%(d)(e)
(Cost $675,499)

     675,499        675,499  
     

 

 

 

TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from securities on loan)-100.01%
(Cost $933,054,368)

 

     1,015,819,851  
     

 

 

 

 

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

   
   

 

  15   

   
 


 

Invesco S&P MidCap Momentum ETF (XMMO)—(continued)

October 31, 2021

(Unaudited)

 

         Shares             Value        
Investments Purchased with Cash Collateral from Securities on Loan

 

Money Market Funds-11.01%

    

Invesco Private Government Fund, 0.02%(d)(e)(f)

     30,670,319      $ 30,670,319  

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

     81,135,678       81,168,133  
    

 

 

 

Total Investments Purchased with Cash Collateral from Securities on Loan
(Cost $111,838,452)

 

    111,838,452  
    

 

 

 

TOTAL INVESTMENTS IN SECURITIES-111.02%
(Cost $1,044,892,820)

 

    1,127,658,303  

OTHER ASSETS LESS LIABILITIES-(11.02)%

 

    (111,971,780
    

 

 

 

NET ASSETS-100.00%

     $ 1,015,686,523  
    

 

 

 

    

Notes to Schedule of Investments:

(a)

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

(b)

Non-income producing security.

(c)

All or a portion of this security was out on loan at October 31, 2021.

(d)

Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the six months ended October 31, 2021.

 

   

Value
April 30, 2021

    Purchases
at Cost
    Proceeds
from Sales
   

Change  in
Unrealized
Appreciation
(Depreciation)

    Realized
Gain
   

Value
October 31, 2021

   

 Dividend 

Income

 

Investments in Affiliated Money Market Funds:

                               

Invesco Government & Agency Portfolio, Institutional Class

    $ 335,811                 $ 12,432,734     $ (12,093,046     $ -         $ -         $ 675,499         $ 110  

Investments Purchased with Cash Collateral from Securities on Loan:

                                                                                                     

Invesco Private Government Fund

      47,117,059         153,087,208       (169,533,948       -           -           30,670,319           3,313

Invesco Private Prime Fund

      70,675,590         301,079,314       (290,586,770       (1         -           81,168,133           48,855
   

 

 

     

 

 

   

 

 

     

 

 

       

 

 

       

 

 

       

 

 

 

Total

    $ 118,128,460       $ 466,599,256     $ (472,213,764     $ (1       $ -         $ 112,513,951         $ 52,278  
   

 

 

     

 

 

   

 

 

     

 

 

       

 

 

       

 

 

       

 

 

 

 

*

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 October 31, 2021.

(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.

   
   

 

  16   

   
 


 

Invesco S&P MidCap Momentum ETF (XMMO)—(continued)

October 31, 2021

(Unaudited)

 

Portfolio Composition

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

as of October 31, 2021

 

     

Consumer Discretionary

     23.54     

Industrials

     22.78                                           

Financials

     19.70     

Materials

     11.58     

Real Estate

     8.55     

Information Technology

     4.22     

Health Care

     3.79     

Sector Types Each Less Than 3%

     5.79     

Money Market Funds Plus Other Assets Less Liabilities

     0.05     

 

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

   
   

 

  17   

   
 


 

Invesco S&P MidCap Quality ETF (XMHQ)

October 31, 2021

(Unaudited)

Schedule of Investments(a)

 

         Shares             Value        

Common Stocks & Other Equity Interests-99.92%

 

Communication Services-1.07%

    

World Wrestling Entertainment, Inc., Class A(b)

     22,649      $ 1,383,627  

Yelp, Inc.(c)

     44,586       1,722,357  
    

 

 

 
       3,105,984  
    

 

 

 

Consumer Discretionary-18.64%

    

AutoNation, Inc.(c)

     29,633       3,589,149  

Brunswick Corp.

     43,931       4,089,537  

Carter’s, Inc.

     24,987       2,461,719  

Deckers Outdoor Corp.(c)

     19,358       7,652,411  

Dick’s Sporting Goods, Inc.(b)

     33,685       4,184,014  

Foot Locker, Inc.

     52,542       2,504,677  

Gentex Corp.

     128,440       4,545,492  

Polaris, Inc.(b)

     34,640       3,981,868  

Tempur Sealy International, Inc.

     91,722       4,078,877  

Tri Pointe Homes, Inc.(c)

     56,103       1,357,131  

Williams-Sonoma, Inc.

     49,605       9,213,137  

YETI Holdings, Inc.(c)

     65,390       6,429,799  
    

 

 

 
       54,087,811  
    

 

 

 

Consumer Staples-0.93%

    

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

     38,332       1,719,957  

Nu Skin Enterprises, Inc., Class A

     24,128       968,739</