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Invesco Semi-Annual Report to Shareholders

  

October 31, 2022

 

   PKW    Invesco BuyBack AchieversTM ETF
   PFM    Invesco Dividend AchieversTM ETF
   DJD    Invesco Dow Jones Industrial Average Dividend ETF
   PGF    Invesco Financial Preferred ETF
   PEY    Invesco High Yield Equity Dividend AchieversTM ETF
   PID    Invesco International Dividend AchieversTM ETF


 

Table of Contents

 

Schedules of Investments   

Invesco BuyBack AchieversTM ETF (PKW)

     3  
Invesco Dividend AchieversTM ETF (PFM)      6  

Invesco Dow Jones Industrial Average Dividend ETF (DJD)

     11  
Invesco Financial Preferred ETF (PGF)      13  

Invesco High Yield Equity Dividend AchieversTM ETF (PEY)

     16  
Invesco International Dividend AchieversTM ETF (PID)      19  
Statements of Assets and Liabilities      21  
Statements of Operations      23  
Statements of Changes in Net Assets      25  
Financial Highlights      27  
Notes to Financial Statements      33  
Fund Expenses      44  

 

    2    

 

 

 

 


 

Invesco BuyBack AchieversTM ETF (PKW)

October 31, 2022

(Unaudited)

Schedule of Investments(a)

 

     Shares      Value  

Common Stocks & Other Equity Interests-99.99%

 

Communication Services-5.72%

     

Altice USA, Inc., Class A(b)

     234,210      $     1,548,128  

Charter Communications, Inc., Class A(b)

     139,189        51,168,660  

DHI Group, Inc.(b)

     42,023        268,947  

EchoStar Corp., Class A(b)(c)

     30,743        580,121  

Lumen Technologies, Inc.(c)

     897,009        6,601,986  

Nexstar Media Group, Inc., Class A(c)

     33,611        5,757,564  

Sirius XM Holdings, Inc.(c)

     3,373,919        20,378,471  

TrueCar, Inc.(b)

     78,517        141,331  
     

 

 

 
        86,445,208  
     

 

 

 

Consumer Discretionary-22.46%

     

Aaron’s Co., Inc. (The)(c)

     26,665        277,849  

Abercrombie & Fitch Co., Class A(b)(c)

     42,846        753,233  

Advance Auto Parts, Inc.(c)

     52,085        9,891,983  

AutoNation, Inc.(b)(c)

     48,502        5,156,248  

AutoZone, Inc.(b)(c)

     16,881        42,757,547  

Bath & Body Works, Inc.

     197,861        6,604,600  

Bed Bath & Beyond, Inc.(b)(c)

     69,625        318,186  

Best Buy Co., Inc.(c)

     195,053        13,343,576  

Big Lots, Inc.(c)

     25,075        473,165  

Carriage Services, Inc.

     12,733        310,813  

Citi Trends, Inc.(b)(c)

     7,259        164,126  

Crocs, Inc.(b)(c)

     53,413        3,778,970  

Dillard’s, Inc., Class A(c)

     11,391        3,745,247  

Dollar General Corp.

     195,434        49,845,442  

Domino’s Pizza, Inc.(c)

     31,088        10,328,677  

eBay, Inc.

     475,965        18,962,446  

Flexsteel Industries, Inc.(c)

     4,597        70,656  

Grand Canyon Education, Inc.(b)

     27,695        2,786,948  

Hibbett, Inc.(c)

     11,094        692,487  

Jack in the Box, Inc.(c)

     18,242        1,609,492  

Kirkland’s, Inc.(b)(c)

     11,049        41,876  

Kohl’s Corp.(c)

     101,055        3,026,597  

Laureate Education, Inc., Class A

     142,662        1,803,248  

Lowe’s Cos., Inc.

     351,740        68,571,713  

MGM Resorts International

     340,578        12,114,359  

Murphy USA, Inc.

     20,230        6,362,537  

NVR, Inc.(b)

     2,846        12,060,636  

O’Reilly Automotive, Inc.(b)

     54,859        45,926,309  

PulteGroup, Inc.(c)

     200,570        8,020,794  

Sleep Number Corp.(b)(c)

     19,031        527,920  

Smith & Wesson Brands, Inc.(c)

     39,657        447,728  

Taylor Morrison Home Corp., Class A(b)(c)

     98,472        2,593,752  

Tempur Sealy International, Inc.(c)

     149,189        4,011,692  

Tri Pointe Homes, Inc.(b)(c)

     88,056        1,474,938  

Zumiez, Inc.(b)(c)

     16,867        378,327  
     

 

 

 
        339,234,117  
     

 

 

 

Consumer Staples-1.59%

     

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

     77,366        1,447,518  

Herbalife Nutrition Ltd.(b)(c)

     93,452        1,986,790  

Ingles Markets, Inc., Class A

     12,452        1,175,095  

JM Smucker Co. (The)(c)

     92,321        13,909,082  

Post Holdings, Inc.(b)(c)

     51,774        4,681,405  

USANA Health Sciences, Inc.(b)(c)

     16,632        873,346  
     

 

 

 
        24,073,236  
     

 

 

 
     Shares      Value  

Energy-3.75%

     

CNX Resources Corp.(b)(c)

     164,138      $ 2,759,160  

Dorian LPG Ltd.

     34,776        628,402  

Magnolia Oil & Gas Corp., Class A

     163,622        4,201,813  

Marathon Petroleum Corp.

     432,005        49,084,408  
     

 

 

 
        56,673,783  
     

 

 

 

Financials-29.22%

     

Affiliated Managers Group, Inc.

     33,121        4,112,303  

Aflac, Inc.(c)

     547,489        35,647,009  

Allstate Corp. (The)(c)

     234,184        29,565,730  

Ally Financial, Inc.

     267,306        7,366,953  

Amerant Bancorp, Inc.(c)

     29,262        880,786  

Ameriprise Financial, Inc.

     93,715        28,969,181  

Arlington Asset Investment Corp., Class A(b)(c)

     25,031        76,094  

Assured Guaranty Ltd.(c)

     53,666        3,176,491  

Atlanticus Holdings Corp.(b)(c)

     12,545        358,285  

Bank of America Corp.(c)

     2,187,413        78,834,365  

Bank of New York Mellon Corp. (The)

     700,131        29,482,516  

Brighthouse Financial, Inc.(b)(c)

     62,222        3,551,010  

Capital One Financial Corp.

     332,537        35,255,573  

Civista Bancshares, Inc.(c)

     13,361        316,656  

CNO Financial Group, Inc.(c)

     99,115        2,186,477  

Columbia Financial, Inc.(b)(c)

     95,737        1,966,438  

Comerica, Inc.

     113,343        7,990,681  

Consumer Portfolio Services, Inc.(b)(c)

     18,072        116,022  

Credit Acceptance Corp.(b)(c)

     11,194        5,212,150  

Elevate Credit, Inc.(b)

     26,898        27,436  

Encore Capital Group, Inc.(b)(c)

     20,692        1,053,637  

Enstar Group Ltd.(b)

     13,846        2,776,400  

Equitable Holdings, Inc.(c)

     325,437        9,964,881  

First Bancorp

     162,872        2,571,749  

First Financial Corp.

     10,424        505,460  

HarborOne Bancorp, Inc.(c)

     43,466        661,987  

Hartford Financial Services Group, Inc. (The)(c)

     279,966        20,272,338  

Hilltop Holdings, Inc.

     55,946        1,619,637  

HomeStreet, Inc.(c)

     16,216        420,967  

Kearny Financial Corp.(c)

     59,070        598,970  

Lincoln National Corp.

     147,483        7,944,909  

Loews Corp.

     208,753        11,903,096  

MetLife, Inc.

     691,044        50,591,331  

Mr. Cooper Group, Inc.(b)(c)

     62,078        2,451,460  

Navient Corp.(c)

     122,922        1,861,039  

Northfield Bancorp, Inc.

     41,943        672,766  

Pathward Financial, Inc.

     25,171        1,057,937  

PennyMac Financial Services, Inc.(c)

     45,457        2,423,767  

Popular, Inc.

     64,991        4,596,164  

Provident Bancorp, Inc.(c)

     15,353        189,763  

Radian Group, Inc.(c)

     140,021        2,922,238  

Regional Management Corp.

     8,304        282,004  

RenaissanceRe Holdings Ltd. (Bermuda)

     37,865        5,856,958  

SLM Corp.

     217,795        3,613,219  

Synchrony Financial

     417,394        14,842,531  

Virtu Financial, Inc., Class A

     89,274        1,997,952  

Voya Financial, Inc.(c)

     84,837        5,799,457  

Washington Federal, Inc.

     56,597        2,190,304  

 

 

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

 

    3    

 

 

 

 


 

Invesco BuyBack AchieversTM ETF (PKW)–(continued)

October 31, 2022

(Unaudited)

    

    

 

     Shares      Value  

Financials-(continued)

     

WesBanco, Inc.

     51,727      $ 2,091,840  

WSFS Financial Corp.

     55,027        2,562,057  
     

 

 

 
        441,388,974  
     

 

 

 

Health Care-10.72%

     

Agios Pharmaceuticals, Inc.(b)(c)

     47,495        1,308,012  

Allscripts Healthcare Solutions, Inc.(b)(c)

     95,990        1,411,053  

Cigna Corp.

     238,080        76,914,125  

DaVita, Inc.(b)

     79,099        5,775,018  

HCA Healthcare, Inc.

     248,677        54,079,787  

Innoviva, Inc.(b)(c)

     60,393        818,929  

Intercept Pharmaceuticals, Inc.(b)(c)

     34,135        473,453  

Quest Diagnostics, Inc.(c)

     101,028        14,512,672  

Universal Health Services, Inc., Class B(c)

     56,937        6,597,290  
     

 

 

 
        161,890,339  
     

 

 

 

Industrials-7.26%

     

Acuity Brands, Inc.(c)

     28,343        5,202,925  

AECOM

     120,991        9,108,202  

Allison Transmission Holdings, Inc.(c)

     83,386        3,523,058  

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

     41,642        9,846,667  

CACI International, Inc., Class A(b)

     20,290        6,168,769  

Curtiss-Wright Corp.(c)

     33,266        5,583,033  

Dycom Industries, Inc.(b)(c)

     25,520        3,015,954  

JELD-WEN Holding, Inc.(b)

     73,001        774,541  

KAR Auction Services, Inc.(b)(c)

     100,352        1,458,115  

L3Harris Technologies, Inc.

     165,786        40,861,275  

ManpowerGroup, Inc.

     44,828        3,511,826  

Masco Corp.

     195,389        9,040,649  

Owens Corning

     83,381        7,138,247  

RCM Technologies, Inc.(b)(c)

     8,839        154,682  

Trinity Industries, Inc.(c)

     71,052        2,027,114  

Veritiv Corp.(b)(c)

     12,100        1,406,746  

Wabash National Corp.(c)

     42,065        910,707  
     

 

 

 
           109,732,510  
     

 

 

 

Information Technology-12.70%

     

Amdocs Ltd.

     105,664        9,119,860  

Arrow Electronics, Inc.(b)

     55,597        5,629,752  

Box, Inc., Class A(b)

     123,304        3,581,981  

CDW Corp.

     117,174        20,248,839  

Diodes, Inc.(b)(c)

     39,404        2,824,085  

Dropbox, Inc., Class A(b)

     247,955        5,393,021  

Fair Isaac Corp.(b)(c)

     21,877        10,475,583  

Gartner, Inc.(b)

     68,529        20,690,276  

HP, Inc.

     871,538        24,071,880  

Oracle Corp.

     1,081,708        84,448,943  

Silicon Laboratories, Inc.(b)(c)

     29,653        3,407,723  

Xerox Holdings Corp.(c)

     134,159        1,962,746  
     

 

 

 
        191,854,689  
     

 

 

 
     Shares      Value  

Materials-6.37%

     

Ashland, Inc.(c)

     46,904      $ 4,921,168  

Celanese Corp.

     93,874        9,023,169  

Crown Holdings, Inc.

     104,978        7,200,441  

DuPont de Nemours, Inc.

     433,978        24,823,541  

Louisiana-Pacific Corp.(c)

     64,002        3,625,713  

Nucor Corp.(c)

     226,806        29,797,772  

Steel Dynamics, Inc.

     158,213        14,879,933  

Worthington Industries, Inc.(c)

     42,044        1,999,613  
     

 

 

 
        96,271,350  
     

 

 

 

Real Estate-0.20%

     

iStar, Inc.

     73,972        775,227  

SL Green Realty Corp.

     55,708        2,210,493  
     

 

 

 
        2,985,720  
     

 

 

 

Total Common Stocks & Other Equity Interests (Cost $1,592,311,501)

 

     1,510,549,926  
     

 

 

 

Money Market Funds-0.09%

     

Invesco Government & Agency Portfolio, Institutional Class, 3.07%(d)(e)
(Cost $1,283,531)

     1,283,531        1,283,531  
     

 

 

 

TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from securities on loan)-100.08%
(Cost $1,593,595,032)

 

     1,511,833,457  
     

 

 

 
Investments Purchased with Cash Collateral from Securities on Loan

 

Money Market Funds-10.26%

 

Invesco Private Government Fund,
3.18%(d)(e)(f)

     46,741,266        46,741,266  

Invesco Private Prime Fund, 3.28%(d)(e)(f)

     108,314,078        108,314,078  
     

 

 

 

Total Investments Purchased with Cash Collateral from Securities on Loan
(Cost $155,054,657)

 

     155,055,344  
     

 

 

 

TOTAL INVESTMENTS IN SECURITIES-110.34%
(Cost $1,748,649,689)

 

     1,666,888,801  

OTHER ASSETS LESS LIABILITIES-(10.34)%

 

     (156,225,823
     

 

 

 

NET ASSETS-100.00%

      $ 1,510,662,978  
     

 

 

 

 

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

 

    4    

 

 

 

 


 

Invesco BuyBack AchieversTM ETF (PKW)–(continued)

October 31, 2022

(Unaudited)

 

Notes to Schedule of Investments:

(a) 

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

(b) 

Non-income producing security.

(c) 

All or a portion of this security was out on loan at October 31, 2022.

(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, 2022.

 

     Value
April 30, 2022
   Purchases
at Cost
   Proceeds
from Sales
  Change in
Unrealized
Appreciation
(Depreciation)
  Realized
Gain
   Value
October 31, 2022
   Dividend
Income
Investments in Affiliated Money Market Funds:                                 
Invesco Government & Agency Portfolio, Institutional Class      $ 1,613,071      $ 14,201,998      $ (14,531,538 )     $ -     $ -      $ 1,283,531      $ 10,950
Investments Purchased with Cash Collateral from Securities on Loan:                                 
Invesco Private Government Fund        44,257,780        152,642,035        (150,158,549 )       -       -        46,741,266        300,394 *
Invesco Private Prime Fund        103,222,386        301,946,832        (296,859,218 )       (6,735 )       10,813        108,314,078        828,331 *
    

 

 

      

 

 

      

 

 

     

 

 

     

 

 

      

 

 

      

 

 

 
Total      $ 149,093,237      $ 468,790,865      $ (461,549,305 )     $ (6,735 )     $ 10,813      $ 156,338,875      $ 1,139,675
    

 

 

      

 

 

      

 

 

     

 

 

     

 

 

      

 

 

      

 

 

 

 

*

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, 2022.

(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, 2022

 

     

  Financials

     29.22                                       

  Consumer Discretionary

     22.46     

  Information Technology

     12.70     

  Health Care

     10.72     

  Industrials

     7.26     

  Materials

     6.37     

  Communication Services

     5.72     

  Energy

     3.75     

  Sector Types Each Less Than 3%

     1.79     

Money Market Funds Plus Other Assets Less Liabilities

     0.01     

 

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

 

    5    

 

 

 

 


 

Invesco Dividend AchieversTM ETF (PFM)

October 31, 2022

(Unaudited)

Schedule of Investments(a)

 

         Shares          Value  

Common Stocks & Other Equity Interests-99.94%

 

Communication Services-1.93%

     

Comcast Corp., Class A

     192,934      $     6,123,725  

John Wiley & Sons, Inc., Class A(b)

     2,047        86,363  

Telephone & Data Systems, Inc.

     4,648        79,016  

Verizon Communications, Inc.

     184,002        6,876,155  
     

 

 

 
        13,165,259  
     

 

 

 

Consumer Discretionary-6.90%

     

Best Buy Co., Inc.

     9,870        675,207  

Churchill Downs, Inc.

     1,681        349,497  

Dillard’s, Inc., Class A(b)

     602        197,932  

Gentex Corp.

     10,313        273,191  

Genuine Parts Co.

     6,203        1,103,266  

Home Depot, Inc. (The)

     44,942        13,308,674  

Leggett & Platt, Inc.(b)

     5,828        196,695  

Lithia Motors, Inc., Class A(b)

     1,224        242,536  

Lowe’s Cos., Inc.

     27,200        5,302,640  

McDonald’s Corp.

     32,335        8,816,461  

Monro, Inc.(b)

     1,432        68,378  

NIKE, Inc., Class B

     55,361        5,130,857  

PetMed Express, Inc.(b)

     935        19,934  

Polaris, Inc.(b)

     2,620        266,192  

Pool Corp.(b)

     1,761        535,749  

Service Corp. International

     6,897        418,027  

Starbucks Corp.

     50,278        4,353,572  

Target Corp.

     20,152        3,309,966  

Thor Industries, Inc.(b)

     2,408        196,180  

Tractor Supply Co.

     4,850        1,065,884  

VF Corp.

     17,018        480,758  

Whirlpool Corp.

     2,395        331,085  

Williams-Sonoma, Inc.(b)

     3,000        371,490  
     

 

 

 
        47,014,171  
     

 

 

 

Consumer Staples-14.00%

     

Altria Group, Inc.

     78,904        3,650,888  

Andersons, Inc. (The)(b)

     1,495        52,729  

Archer-Daniels-Midland Co.

     24,555        2,381,344  

Brown-Forman Corp., Class B

     13,581        923,508  

Casey’s General Stores, Inc.

     1,657        385,600  

Church & Dwight Co., Inc.

     10,630        788,002  

Clorox Co. (The)

     5,391        787,302  

Coca-Cola Co. (The)

     189,908        11,365,994  

Colgate-Palmolive Co.

     36,560        2,699,590  

Costco Wholesale Corp.

     19,465        9,761,697  

Flowers Foods, Inc.

     9,276        266,314  

Hershey Co. (The)

     6,445        1,538,873  

Hormel Foods Corp.

     23,909        1,110,573  

Ingredion, Inc.

     2,848        253,814  

J&J Snack Foods Corp.(b)

     854        126,059  

JM Smucker Co. (The)

     4,681        705,239  

Kellogg Co.

     14,895        1,144,234  

Kimberly-Clark Corp.

     14,784        1,840,017  

Kroger Co. (The)

     31,361        1,483,062  

Lancaster Colony Corp.(b)

     1,224        220,663  

McCormick & Co., Inc.

     10,966        862,366  

Nu Skin Enterprises, Inc., Class A

     2,212        84,476  

PepsiCo, Inc.

     60,599             11,003,566  

Philip Morris International, Inc.

     67,901        6,236,707  

Procter & Gamble Co. (The)

     104,748        14,106,413  
         Shares          Value  

Consumer Staples-(continued)

 

  

SpartanNash Co.(b)

     1,598      $ 57,064  

Sysco Corp.

     22,162               1,918,343  

Tootsie Roll Industries, Inc.(b)

     1,789        72,258  

Tyson Foods, Inc., Class A

     12,678        866,541  

Universal Corp.

     1,085        54,912  

Walgreens Boots Alliance, Inc.

     37,859        1,381,853  

Walmart, Inc.

     120,323        17,125,573  

WD-40 Co.

     604        96,737  
     

 

 

 
        95,352,311  
     

 

 

 

Energy-5.68%

     

Chevron Corp.

     85,946        15,547,631  

Enterprise Products Partners L.P.

     95,474        2,410,719  

Exxon Mobil Corp.

     182,882        20,265,155  

Magellan Midstream Partners L.P.

     9,092        490,513  
     

 

 

 
        38,714,018  
     

 

 

 

Financials-13.25%

     

1st Source Corp.

     1,093        63,569  

Aflac, Inc.

     27,670        1,801,594  

Allstate Corp. (The)

     11,848        1,495,810  

American Equity Investment Life Holding Co.

     3,840        165,427  

American Financial Group, Inc.

     3,730        541,260  

Ameriprise Financial, Inc.

     4,753        1,469,247  

Aon PLC, Class A

     9,236        2,599,842  

Arthur J. Gallagher & Co.

     9,210        1,723,007  

Associated Banc-Corp(b)

     6,598        160,661  

Assurant, Inc.

     2,338        317,641  

Assured Guaranty Ltd.(b)

     2,726        161,352  

Atlantic Union Bankshares Corp.(b)

     3,265        112,773  

AXIS Capital Holdings Ltd.

     3,702        202,388  

BancFirst Corp.(b)

     1,458        139,706  

Bank of Marin Bancorp(b)

     707        25,523  

Bank of New York Mellon Corp. (The)

     35,390        1,490,273  

Bank OZK(b)

     5,175        222,422  

BlackRock, Inc.

     6,619        4,275,278  

BOK Financial Corp.(b)

     2,960        326,162  

Brown & Brown, Inc.

     12,388        728,291  

Cboe Global Markets, Inc.

     4,659        580,045  

Chubb Ltd.

     18,285        3,929,264  

Cincinnati Financial Corp.(b)

     6,965        719,624  

City Holding Co.(b)

     661        66,662  

CME Group, Inc., Class A

     15,754        2,730,168  

Cohen & Steers, Inc.(b)

     2,137        128,562  

Commerce Bancshares, Inc.(b)

     5,245        371,556  

Community Bank System, Inc.(b)

     2,358        147,210  

Community Trust Bancorp, Inc.

     791        37,406  

Cullen/Frost Bankers, Inc.(b)

     2,823        437,706  

Discover Financial Services

     11,976        1,251,013  

Erie Indemnity Co., Class A(b)

     2,025        520,445  

Evercore, Inc., Class A(b)

     1,741        182,979  

FactSet Research Systems, Inc.

     1,689        718,653  

Federal Agricultural Mortgage Corp., Class C(b)

     409        47,117  

Fidelity National Financial, Inc.

     12,115        477,089  

Fifth Third Bancorp

     30,055        1,072,663  

Financial Institutions, Inc.

     667        15,895  

First American Financial Corp.(b)

     4,575        230,580  

First Community Bankshares, Inc.

     717        26,701  

 

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

 

    6    

 

 

 

 


 

Invesco Dividend AchieversTM ETF (PFM)–(continued)

October 31, 2022

(Unaudited)

 

 

         Shares          Value  

Financials-(continued)

     

First Financial Bankshares, Inc.(b)

     6,253      $     240,678  

First Financial Corp.

     542        26,282  

First Merchants Corp.(b)

     2,617        117,503  

First of Long Island Corp. (The)

     1,001        17,598  

Franklin Resources, Inc.

     21,871        512,875  

Globe Life, Inc.

     4,276        493,964  

Goldman Sachs Group, Inc. (The)

     14,950        5,150,424  

Hanover Insurance Group, Inc. (The)

     1,585        232,187  

Heritage Financial Corp.

     1,551        52,253  

Hingham Institution for Savings (The)

     95        23,489  

Home BancShares, Inc.(b)

     8,964        228,492  

Horace Mann Educators Corp.

     1,831        72,251  

Horizon Bancorp, Inc.

     1,934        28,836  

Huntington Bancshares, Inc.

     63,186        959,163  

Independent Bank Corp.(b)

     2,012        175,064  

International Bancshares Corp.(b)

     2,739        135,854  

JPMorgan Chase & Co.

     128,772             16,209,819  

KeyCorp

     40,872        730,383  

Lakeland Bancorp, Inc.(b)

     2,853        53,208  

Lakeland Financial Corp.(b)

     1,128        93,229  

Lincoln National Corp.

     7,455        401,601  

MarketAxess Holdings, Inc.

     1,674        408,523  

Marsh & McLennan Cos., Inc.

     21,875        3,532,594  

Moody’s Corp.(b)

     8,045        2,130,879  

Morningstar, Inc.(b)

     1,889        438,588  

Northwest Bancshares, Inc.

     5,530        83,282  

Old Republic International Corp.

     13,537        314,194  

PNC Financial Services Group, Inc.
(The)(b)

     17,980        2,909,703  

Premier Financial Corp.

     1,564        45,121  

Primerica, Inc.(b)

     1,666        241,070  

Principal Financial Group, Inc.

     10,911        961,586  

Prosperity Bancshares, Inc.(b)

     4,012        287,139  

Prudential Financial, Inc.

     16,284        1,712,914  

Raymond James Financial, Inc.

     9,454        1,116,896  

Reinsurance Group of America, Inc.

     2,922        430,031  

RenaissanceRe Holdings Ltd. (Bermuda)

     1,915        296,212  

Republic Bancorp, Inc., Class A

     788        36,524  

RLI Corp.(b)

     1,989        258,709  

S&P Global, Inc.

     14,601        4,690,571  

Sandy Spring Bancorp, Inc.

     1,966        69,675  

SEI Investments Co.

     5,939        322,488  

Simmons First National Corp., Class A(b)

     5,620        134,149  

South State Corp.(b)

     3,307        299,052  

Southern Missouri Bancorp, Inc.

     411        21,064  

Southside Bancshares, Inc.(b)

     1,420        48,621  

State Street Corp.

     16,118        1,192,732  

Stock Yards Bancorp, Inc.(b)

     1,301        101,725  

T. Rowe Price Group, Inc.(b)

     9,893        1,050,241  

Tompkins Financial Corp.(b)

     642        53,183  

Towne Bank(b)

     3,191        105,112  

Travelers Cos., Inc. (The)

     10,410        1,920,229  

Truist Financial Corp.

     58,123        2,603,329  

U.S. Bancorp

     65,096        2,763,325  

UMB Financial Corp.(b)

     2,119        176,343  

United Bankshares, Inc.(b)

     5,905        250,077  

Unum Group

     8,763        399,505  

W.R. Berkley Corp.

     11,624        864,593  

Washington Federal, Inc.

     2,869        111,030  

Washington Trust Bancorp, Inc.

     767        37,200  
         Shares          Value  

Financials-(continued)

     

WesBanco, Inc.

     2,648      $ 107,085  

Westamerica Bancorporation

     1,188        74,523  
     

 

 

 
        90,268,534  
     

 

 

 

Health Care-16.93%

     

Abbott Laboratories

     76,974        7,615,808  

AmerisourceBergen Corp.

     9,073        1,426,457  

Amgen, Inc.

     23,444        6,338,085  

Atrion Corp.(b)

     79        47,425  

Becton, Dickinson and Co.

     12,481        2,945,142  

Bristol-Myers Squibb Co.

     93,547        7,247,086  

Cardinal Health, Inc.

     11,946        906,701  

Chemed Corp.

     662        309,068  

Elevance Health, Inc.

     10,500        5,741,085  

Ensign Group, Inc. (The)(b)

     2,427        217,896  

Humana, Inc.

     5,542        3,092,879  

Johnson & Johnson

     115,384        20,073,354  

LeMaitre Vascular, Inc.(b)

     970        42,098  

McKesson Corp.

     6,306        2,455,367  

Medtronic PLC

     58,240        5,086,682  

Merck & Co., Inc.

     111,266        11,260,119  

National HealthCare Corp.

     684        41,669  

Perrigo Co. PLC(b)

     5,900        237,652  

Pfizer, Inc.

     246,469             11,473,132  

Quest Diagnostics, Inc.

     5,099        732,471  

STERIS PLC(b)

     4,390        757,626  

Stryker Corp.(b)

     16,565        3,797,361  

UnitedHealth Group, Inc.

     41,031        22,778,360  

West Pharmaceutical Services, Inc.

     3,235        744,374  
     

 

 

 
        115,367,897  
     

 

 

 

Industrials-12.19%

     

3M Co.

     24,966        3,140,473  

A.O. Smith Corp.

     5,627        308,247  

ABM Industries, Inc.(b)

     2,905        129,302  

Apogee Enterprises, Inc.(b)

     981        45,008  

Applied Industrial Technologies, Inc.

     1,712        212,939  

Brady Corp., Class A(b)

     2,038        93,238  

C.H. Robinson Worldwide, Inc.(b)

     5,423        529,936  

Carlisle Cos., Inc.(b)

     2,271        542,315  

Caterpillar, Inc.

     23,131        5,006,936  

Cintas Corp.

     4,481        1,915,852  

CSX Corp.

     93,813        2,726,206  

Cummins, Inc.(b)

     6,184        1,512,050  

Donaldson Co., Inc.

     5,378        308,966  

Douglas Dynamics, Inc.

     1,012        34,357  

Dover Corp.

     6,301        823,478  

Eaton Corp. PLC

     17,454        2,619,322  

Emerson Electric Co.

     25,903        2,243,200  

Expeditors International of Washington, Inc.(b)

     7,160        700,606  

Fastenal Co.

     25,182        1,217,046  

Franklin Electric Co., Inc.

     2,030        166,338  

GATX Corp.

     1,573        164,709  

General Dynamics Corp.

     12,023        3,003,345  

Gorman-Rupp Co. (The)

     1,153        31,292  

Graco, Inc.

     7,406        515,309  

Griffon Corp.(b)

     2,496        80,221  

Healthcare Services Group, Inc.

     3,247        45,328  

HEICO Corp.(b)

     2,395        389,523  

Hillenbrand, Inc.(b)

     3,031        133,910  

 

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

 

    7    

 

 

 

 


 

Invesco Dividend AchieversTM ETF (PFM)–(continued)

October 31, 2022

(Unaudited)

    

 

         Shares          Value  

Industrials-(continued)

     

HNI Corp.(b)

     1,838      $ 53,284  

Honeywell International, Inc.

     29,528        6,024,303  

Hubbell, Inc.

     2,358        559,978  

IDEX Corp.

     3,299        733,401  

Illinois Tool Works, Inc.

     13,568        2,897,175  

Insperity, Inc.(b)

     1,691        199,572  

ITT, Inc.

     3,620        276,532  

J.B. Hunt Transport Services, Inc.

     4,559        779,908  

L3Harris Technologies, Inc.

     8,395        2,069,116  

Lennox International, Inc.(b)

     1,576        368,106  

Lincoln Electric Holdings, Inc.(b)

     2,547        361,674  

Lindsay Corp.

     485        82,110  

Lockheed Martin Corp.(b)

     11,619        5,654,735  

ManpowerGroup, Inc.

     2,272        177,988  

Matthews International Corp., Class A(b)

     1,384        37,202  

McGrath RentCorp

     1,084        101,950  

MDU Resources Group, Inc.

     8,890        253,187  

MSA Safety, Inc.

     1,740        233,578  

Nordson Corp.(b)

     2,517        566,325  

Northrop Grumman Corp.(b)

     6,765        3,714,053  

Raytheon Technologies Corp.

     64,683        6,133,242  

Regal Rexnord Corp.

     2,899        366,839  

Republic Services, Inc.

     13,848        1,836,522  

Robert Half International, Inc.(b)

     4,786        365,938  

Rockwell Automation, Inc.

     5,047        1,288,499  

Ryder System, Inc.

     2,248        180,986  

Snap-on, Inc.

     2,339        519,375  

Standex International Corp.

     533        52,794  

Stanley Black & Decker, Inc.(b)

     6,487        509,165  

Tennant Co.(b)

     821        47,823  

Toro Co. (The)(b)

     4,593        484,240  

Trane Technologies PLC

     10,161        1,622,000  

Trinity Industries, Inc.(b)

     3,589        102,394  

Union Pacific Corp.

     27,368        5,395,327  

United Parcel Service, Inc., Class B

     32,057        5,378,203  

W.W. Grainger, Inc.

     2,234        1,305,438  

Waste Management, Inc.

     18,135        2,872,040  

Xylem, Inc.(b)

     7,898        808,992  
     

 

 

 
        83,053,446  
     

 

 

 

Information Technology-19.65%

     

Accenture PLC, Class A

     27,795        7,891,001  

Amphenol Corp., Class A

     26,050        1,975,372  

Analog Devices, Inc.

     22,528        3,212,943  

Automatic Data Processing, Inc.

     18,191        4,396,765  

Badger Meter, Inc.

     1,302        146,449  

Broadcom, Inc.

     17,769        8,353,562  

Broadridge Financial Solutions, Inc.

     5,130        769,808  

Cass Information Systems, Inc.(b)

     607        25,967  

Cisco Systems, Inc.

     182,042        8,270,168  

Corning, Inc.

     37,045        1,191,738  

HP, Inc.

     45,298        1,251,131  

International Business Machines Corp.

     39,561        5,470,891  

Intuit, Inc.

     12,373        5,289,458  

Jack Henry & Associates, Inc.

     3,184        633,807  

KLA Corp.

     6,220        1,968,319  

Littelfuse, Inc.(b)

     1,101        242,495  

Mastercard, Inc., Class A

     42,104             13,817,691  

Microchip Technology, Inc.

     24,195        1,493,799  

Microsoft Corp.

     103,055        23,922,157  
         Shares          Value  

Information Technology-(continued)

     

Motorola Solutions, Inc.

     7,306      $ 1,824,381  

Oracle Corp.

     117,154               9,146,213  

Paychex, Inc.

     15,775        1,866,340  

QUALCOMM, Inc.

     49,193        5,788,048  

Roper Technologies, Inc.

     4,657        1,930,513  

TE Connectivity Ltd. (Switzerland)

     14,022        1,713,909  

Texas Instruments, Inc.

     40,029        6,429,858  

Visa, Inc., Class A(b)

     71,783        14,870,566  
     

 

 

 
        133,893,349  
     

 

 

 

Materials-2.86%

     

Air Products and Chemicals, Inc.

     9,720        2,433,888  

Albemarle Corp.(b)

     5,122        1,433,494  

AptarGroup, Inc.(b)

     2,843        281,884  

Ashland, Inc.

     2,385        250,234  

Avery Dennison Corp.

     3,556        602,920  

Avient Corp.

     3,988        137,546  

Balchem Corp.(b)

     1,429        199,774  

Cabot Corp.(b)

     2,469        181,422  

Celanese Corp.

     4,761        457,627  

Eastman Chemical Co.

     5,375        412,854  

Ecolab, Inc.

     12,472        1,958,977  

H.B. Fuller Co.(b)

     2,335        162,773  

Hawkins, Inc.

     932        41,968  

International Flavors & Fragrances, Inc.

     11,165        1,089,816  

Kaiser Aluminum Corp.(b)

     703        56,795  

LyondellBasell Industries N.V., Class A(b)

     14,305        1,093,617  

Nucor Corp.

     11,469        1,506,797  

Packaging Corp. of America(b)

     4,111        494,183  

PPG Industries, Inc.

     10,307        1,176,853  

Quaker Chemical Corp.(b)

     797        129,624  

Reliance Steel & Aluminum Co.

     2,653        534,527  

Royal Gold, Inc.(b)

     2,853        270,921  

RPM International, Inc.(b)

     5,657        534,983  

Scotts Miracle-Gro Co. (The)(b)

     2,435        111,791  

Sensient Technologies Corp.

     1,870        133,630  

Sherwin-Williams Co. (The)

     11,353        2,554,766  

Silgan Holdings, Inc.(b)

     4,815        228,038  

Sonoco Products Co.

     4,279        265,640  

Stepan Co.(b)

     989        103,291  

Westlake Corp.(b)

     5,604        541,627  

Worthington Industries, Inc.(b)

     2,174        103,395  
     

 

 

 
        19,485,655  
     

 

 

 

Real Estate-1.49%

     

Alexandria Real Estate Equities, Inc.(b)

     7,141        1,037,587  

CubeSmart

     9,838        411,917  

Digital Realty Trust, Inc.(b)

     12,580        1,261,145  

EastGroup Properties, Inc.

     1,909        299,121  

Equity LifeStyle Properties, Inc.

     8,160        521,914  

Essex Property Trust, Inc.

     2,875        638,940  

Extra Space Storage, Inc.

     5,869        1,041,395  

Federal Realty Investment Trust

     3,540        350,389  

Kennedy-Wilson Holdings, Inc.

     6,041        100,341  

Mid-America Apartment Communities, Inc.

     5,047        794,650  

National Retail Properties, Inc.

     7,761        326,195  

Realty Income Corp.

     27,061        1,685,089  

STAG Industrial, Inc.

     7,855        248,140  

Terreno Realty Corp.

     3,310        189,133  

UDR, Inc.

     14,248        566,501  

 

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

 

    8    

 

 

 

 


 

Invesco Dividend AchieversTM ETF (PFM)–(continued)

October 31, 2022

(Unaudited)

    

 

     Shares      Value  

Real Estate-(continued)

     

Universal Health Realty Income Trust(b)

     609      $ 29,640  

W.P. Carey, Inc.(b)

     8,464        645,803  
     

 

 

 
        10,147,900  
     

 

 

 

Utilities-5.06%

     

ALLETE, Inc.

     2,509        141,181  

Alliant Energy Corp.

     10,986        573,140  

American Electric Power Co., Inc.

     22,501        1,978,288  

American States Water Co.(b)

     1,644        148,716  

American Water Works Co., Inc.

     7,969        1,158,214  

Atmos Energy Corp.

     6,135        653,684  

Avista Corp.

     3,188        130,804  

Black Hills Corp.(b)

     2,873        187,808  

Brookfield Infrastructure Partners L.P. (Canada)

     20,046        729,273  

California Water Service Group

     2,389        148,261  

Chesapeake Utilities Corp.(b)

     789        98,136  

CMS Energy Corp.

     12,704        724,763  

Consolidated Edison, Inc.

     15,538        1,366,723  

DTE Energy Co.

     8,501        953,047  

Duke Energy Corp.

     33,723        3,142,309  

Edison International

           16,704        1,002,908  

Essential Utilities, Inc.

     11,486        507,911  

Evergy, Inc.

     10,063        615,151  

Eversource Energy

     15,176        1,157,625  

IDACORP, Inc.

     2,220        232,434  

MGE Energy, Inc.

     1,608        109,489  

Middlesex Water Co.(b)

     783        70,055  

National Fuel Gas Co.

     4,010        270,635  

New Jersey Resources Corp.(b)

     4,222        188,470  

NextEra Energy, Inc.

     86,081               6,671,278  

NiSource, Inc.

     17,794        457,128  

Northwest Natural Holding Co.

     1,549        74,491  

NorthWestern Corp.

     2,468        130,384  

OGE Energy Corp.

     8,757        320,769  

Pinnacle West Capital Corp.

     4,941        332,085  

Portland General Electric Co.

     3,911        175,760  

Public Service Enterprise Group, Inc.

     21,868        1,226,139  

Sempra Energy

     13,776        2,079,349  

     Shares      Value  

Utilities-(continued)

     

SJW Group

     1,345      $ 95,065  

Southern Co. (The)

            46,582        3,050,189  

Southwest Gas Holdings, Inc.

     2,922        213,511  

Spire, Inc.

     2,306        160,982  

UGI Corp.

     9,162        323,693  

WEC Energy Group, Inc.

     13,826        1,262,729  

Xcel Energy, Inc.

     23,951        1,559,450  

York Water Co. (The)

     630        27,443  
     

 

 

 
        34,449,470  
     

 

 

 

Total Common Stocks & Other Equity Interests
(Cost $592,859,847)

 

     680,912,010  
     

 

 

 

Money Market Funds-0.06%

     

Invesco Government & Agency Portfolio, Institutional Class, 3.07%(c)(d)
(Cost $418,568)

     418,568        418,568  
     

 

 

 

TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from securities on loan)-100.00%
(Cost $593,278,415)

 

     681,330,578  
     

 

 

 
Investments Purchased with Cash Collateral from Securities on Loan

 

Money Market Funds-7.10%

     

Invesco Private Government Fund,
3.18%(c)(d)(e)

     13,538,025        13,538,025  

Invesco Private Prime Fund, 3.28%(c)(d)(e)

     34,827,133        34,827,133  
     

 

 

 

Total Investments Purchased with Cash Collateral from Securities on Loan
(Cost $48,363,133)

 

     48,365,158  
     

 

 

 

TOTAL INVESTMENTS IN SECURITIES-107.10%
(Cost $641,641,548)

 

        729,695,736  

OTHER ASSETS LESS LIABILITIES-(7.10)%

 

     (48,365,873
     

 

 

 

NET ASSETS-100.00%

      $ 681,329,863  
     

 

 

 

 

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 October 31, 2022.

(c) 

Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the six months ended October 31, 2022.

 

     Value
April 30, 2022
     Purchases
at Cost
     Proceeds
from Sales
    Change in
Unrealized
Appreciation
     Realized
Gain
(Loss)
     Value
October 31, 2022
     Dividend
Income
 
Investments in Affiliated Money Market Funds: Invesco Government & Agency                    
Portfolio, Institutional Class      $    376,010        $  10,368,502        $  (10,325,944)       $        -        $        -        $  418,568        $  5,121  

 

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

 

    9    

 

 

 

 


 

Invesco Dividend AchieversTM ETF (PFM)–(continued)

October 31, 2022

(Unaudited)

    

 

     Value
April 30, 2022
   Purchases
at Cost
   Proceeds
from Sales
  Change in
Unrealized
Appreciation
   Realized
Gain
(Loss)
  Value
October 31, 2022
   Dividend
Income
Investments Purchased with Cash Collateral from Securities on Loan:                                 
Invesco Private Government Fund      $ 4,539,079      $ 73,895,935      $ (64,896,989 )     $ -      $ -     $ 13,538,025      $ 68,393 *
Invesco Private Prime Fund        10,586,044        168,738,789        (144,499,098 )       2,024        (626 )       34,827,133        187,234 *
    

 

 

      

 

 

      

 

 

     

 

 

      

 

 

     

 

 

      

 

 

 
Total      $ 15,501,133      $ 253,003,226      $ (219,722,031 )     $ 2,024      $ (626 )     $ 48,783,726      $ 260,748
    

 

 

      

 

 

      

 

 

     

 

 

      

 

 

     

 

 

      

 

 

 

 

*

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, 2022.

(e) 

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

  Portfolio Composition

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

  as of October 31, 2022

 

   

  Information Technology

     19.65                               

  Health Care

     16.93                               

  Consumer Staples

     14.00                               

  Financials

     13.25                               

  Industrials

     12.19                               

  Consumer Discretionary

     6.90                               

  Energy

     5.68                               

  Utilities

     5.06                               

  Sector Types Each Less Than 3%

     6.28                               

Money Market Funds Plus Other Assets Less Liabilities

     0.06                               

 

 

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

 

    10    

 

 

 

 


 

Invesco Dow Jones Industrial Average Dividend ETF (DJD)

October 31, 2022

(Unaudited)

Schedule of Investments(a)

 

     Shares      Value  

Common Stocks & Other Equity Interests-99.77%

 

Communication Services-6.72%

 

Verizon Communications, Inc.

     461,928      $   17,262,249  
     

 

 

 

Consumer Discretionary-7.25%

     

Home Depot, Inc. (The)

     27,945        8,275,353  

McDonald’s Corp.

     26,802        7,307,833  

NIKE,Inc.,Class B

     32,833        3,042,963  
     

 

 

 
        18,626,149  
     

 

 

 

Consumer Staples-15.58%

 

Coca-Cola Co. (The)

     145,858        8,729,601  

Procter & Gamble Co. (The)

     60,169        8,102,959  

Walgreens Boots Alliance, Inc.

     481,553        17,576,685  

Walmart, Inc.

     39,266        5,588,730  
     

 

 

 
        39,997,975  
     

 

 

 

Energy-5.05%

 

Chevron Corp.

     71,614        12,954,973  
     

 

 

 

Financials-13.19%

     

American Express Co.

     27,468        4,077,624  

Goldman Sachs Group, Inc. (The)

     28,175        9,706,570  

JPMorgan Chase & Co.

     94,085        11,843,420  

Travelers Cos., Inc. (The)

     44,580        8,223,227  
     

 

 

 
        33,850,841  
     

 

 

 

Health Care-14.35%

 

Amgen, Inc.

     41,558        11,235,205  

Johnson & Johnson

     53,887        9,374,722  

Merck & Co., Inc.

     118,000        11,941,600  

UnitedHealth Group, Inc.

     7,709        4,279,651  
     

 

 

 
        36,831,178  
     

 

 

 

Industrials-12.49%

 

3M Co.

     124,102        15,610,791  

Caterpillar, Inc.

     43,601        9,437,872  

Honeywell International, Inc.

     34,340        7,006,047  
     

 

 

 
        32,054,710  
     

 

 

 

Information Technology-18.83%

 

Apple, Inc.

     11,828        1,813,705  
     Shares      Value  

Information Technology-(continued)

     

Cisco Systems, Inc.

     236,745      $   10,755,325  

Intel Corp.

     463,392        13,174,235  

International Business Machines Corp.

     126,732        17,525,768  

Microsoft Corp.

     11,405        2,647,443  

Visa, Inc., Class A(b)

     11,692        2,422,115  
     

 

 

 
        48,338,591  
     

 

 

 

Materials-6.31%

 

Dow, Inc.

     346,353        16,188,539  
     

 

 

 

Total Common Stocks & Other Equity Interests
(Cost $268,480,950)

 

     256,105,205  
     

 

 

 

Money Market Funds-0.07%

     

Invesco Government & Agency Portfolio, Institutional Class, 3.07%(c)(d)
(Cost $180,606)

     180,606        180,606  
     

 

 

 

TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from securities on loan)-99.84%
(Cost $268,661,556)

 

     256,285,811  
     

 

 

 
Investments Purchased with Cash Collateral from Securities on Loan

 

Money Market Funds-0.23%

     

Invesco Private Government Fund, 3.18%(c)(d)(e)

     163,342        163,342  

Invesco Private Prime Fund, 3.28%(c)(d)(e)

     417,924        417,924  
     

 

 

 

Total Investments Purchased with Cash Collateral from Securities on Loan
(Cost $581,227)

 

     581,266  
     

 

 

 

TOTAL INVESTMENTS IN SECURITIES-100.07%
(Cost $269,242,783)

 

     256,867,077  

OTHER ASSETS LESS LIABILITIES-(0.07)%

 

     (174,809
     

 

 

 

NET ASSETS-100.00%

      $ 256,692,268  
     

 

 

 

 

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 October 31, 2022.

(c) 

Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the six months ended October 31, 2022.

 

     Value
April 30, 2022
     Purchases
at Cost
     Proceeds
from Sales
    Change in
Unrealized
Appreciation
(Depreciation)
     Realized
Gain
(Loss)
     Value
October 31, 2022
     Dividend
Income
 
Investments in Affiliated Money Market Funds:                    
Invesco Government & Agency Portfolio, Institutional Class      $109,718        $4,475,447        $(4,404,559)       $    -        $    -        $180,606        $  2,079  

 

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

 

    11    

 

 

 

 


 

Invesco Dow Jones Industrial Average Dividend ETF (DJD)–(continued)

October 31, 2022

(Unaudited)

 

     Value
April 30, 2022
   Purchases
at Cost
   Proceeds
from Sales
  Change in
Unrealized
Appreciation
(Depreciation)
  Realized
Gain
(Loss)
  Value
October 31, 2022
   Dividend
Income
Investments Purchased with Cash Collateral from Securities on Loan:                                
Invesco Private Government Fund      $ 3,630,562      $ 31,268,058      $ (34,735,278 )     $ -     $ -     $ 163,342      $ 22,946 *
Invesco Private Prime Fund        8,467,759        39,375,248        (47,424,922 )       (67 )       (94 )       417,924        53,946 *
    

 

 

      

 

 

      

 

 

     

 

 

     

 

 

     

 

 

      

 

 

 
Total      $ 12,208,039      $ 75,118,753      $ (86,564,759 )     $ (67 )     $ (94 )     $ 761,872      $ 78,971
    

 

 

      

 

 

      

 

 

     

 

 

     

 

 

     

 

 

      

 

 

 

 

*

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, 2022.

(e) 

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

 Portfolio Composition

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

  as of October 31, 2022

 

     

  Information Technology

     18.83     

  Consumer Staples

     15.58                                       

  Health Care

     14.35     

  Financials

     13.19     

  Industrials

     12.49     

  Consumer Discretionary

     7.25     

  Communication Services

     6.72     

  Materials

     6.31     

  Energy

     5.05     

Money Market Funds Plus Other Assets Less Liabilities

     0.23     

 

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

 

    12    

 

 

 

 


 

Invesco Financial Preferred ETF (PGF)

October 31, 2022

(Unaudited)

Schedule of Investments(a)

 

     Shares      Value  

Preferred Stocks-99.74%

     

Banks-57.90%

     

Bank of America Corp.

     

Series PP, Pfd., 4.13%(b)

     673,338      $      10,968,676  

Series QQ, Pfd., 4.25%

     919,239        15,332,907  

Series NN, Pfd., 4.38%(b)

     809,490        14,093,221  

Series SS, Pfd., 4.75%(b)

     490,379        9,552,583  

Series LL, Pfd., 5.00%

     954,702        19,036,758  

Series KK, Pfd., 5.38%

     986,848        21,118,547  

Series HH, Pfd., 5.88%(b)

     598,520        13,879,679  

Series GG, Pfd., 6.00%(b)

     950,597        22,624,209  

Bank OZK, Series A, Pfd., 4.63%

     249,988        4,149,801  

Citigroup, Inc.

     

Series K, Pfd., 6.88%(c)

     1,073,580        27,097,159  

Series J, Pfd., 7.13%(b)(c)

     673,035        16,798,954  

Citizens Financial Group, Inc.

     

Series E, Pfd., 5.00%(b)

     326,575        6,296,366  

Series D, Pfd., 6.35%(c)

     210,078        4,926,329  

Fifth Third Bancorp

     

Series K, Pfd., 4.95%

     176,812        3,393,022  

Series I, Pfd., 6.63%(b)(c)

     323,060        8,147,573  

First Citizens BancShares, Inc., Series A, Pfd., 5.38%

     246,460        5,027,784  

First Republic Bank

     

Series M, Pfd., 4.00%(b)

     534,021        8,015,655  

Series K, Pfd., 4.13%(b)

     363,991        5,616,381  

Series L, Pfd., 4.25%(b)

     530,774        8,428,691  

Series N, Pfd., 4.50%

     535,316        9,014,721  

Series J, Pfd., 4.70%(b)

     275,607        4,842,415  

Series I, Pfd., 5.50%(b)

     213,020        4,569,279  

Huntington Bancshares, Inc., Series H, Pfd., 4.50%(b)

     357,162        6,221,762  

JPMorgan Chase & Co.

     

Series MM, Pfd., 4.20%(b)

     1,425,777        24,537,622  

Series JJ, Pfd., 4.55%

     1,082,409        19,710,668  

Series LL, Pfd., 4.63%(b)

     1,314,637        24,373,370  

Series GG, Pfd., 4.75%(b)

     643,738        12,720,263  

Series DD, Pfd., 5.75%(b)

     1,212,107        28,084,519  

Series EE, Pfd., 6.00%(b)

     1,316,117        32,113,255  

KeyCorp

     

Series G, Pfd., 5.63%

     352,401        7,453,281  

Series F, Pfd., 5.65%(b)

     324,362        6,857,013  

Series E, Pfd., 6.13%(c)

     379,675        8,861,614  

Pfd., 6.20%(c)

     360,805        8,796,426  

M&T Bank Corp., Series H, Pfd., 5.63%(c)

     178,583        4,060,977  

Regions Financial Corp.

     

Series E, Pfd., 4.45%(b)

     282,052        4,930,269  

Series C, Pfd., 5.70%(c)

     363,933        7,577,085  

Series B, Pfd., 6.38%(b)(c)

     353,694        8,736,242  

Signature Bank, Series A, Pfd., 5.00%(b)

     521,447        9,187,896  

SVB Financial Group, Series A, Pfd., 5.25%

     273,935        4,952,745  

Synovus Financial Corp., Series E, Pfd., 5.88%(c)

     249,990        5,524,779  

Texas Capital Bancshares, Inc., Series B, Pfd., 5.75%

     214,285        4,249,272  

Truist Financial Corp.

     

Series R, Pfd., 4.75%(b)

     662,366        12,551,836  

Series O, Pfd., 5.25%(b)

     409,354        8,625,089  
     Shares      Value  

Banks-(continued)

     

U.S. Bancorp

     

Series L, Pfd., 3.75%(b)

     394,649      $        5,971,039  

Series M, Pfd., 4.00%(b)

     575,226        9,307,157  

Series O, Pfd., 4.50%

     279,953        5,179,130  

Series K, Pfd., 5.50%(b)

     388,756        8,789,773  

Washington Federal, Inc., Series A, Pfd., 4.88%

     214,281        3,734,918  

Wells Fargo & Co.

     

Series DD, Pfd., 4.25%(b)

     886,048        14,221,070  

Series CC, Pfd., 4.38%

     749,296        12,423,328  

Series AA, Pfd., 4.70%(b)

     828,947        14,879,599  

Series Z, Pfd., 4.75%(b)

     1,454,665        26,183,970  

Series Y, Pfd., 5.63%(b)

     487,666        10,401,916  

Series Q, Pfd., 5.85%(c)

     1,230,192        27,986,868  

Series R, Pfd., 6.63%(b)(c)

     601,022        15,031,560  

Western Alliance Bancorporation, Series A, Pfd., 4.25%(c)

     214,283        4,285,660  
     

 

 

 
        651,452,681  
     

 

 

 

Capital Markets-17.18%

 

Apollo Asset Management, Inc.

     

Series A, Pfd., 6.38%(b)

     201,274        4,361,608  

Series B, Pfd., 6.38%

     174,900        3,812,820  

Charles Schwab Corp. (The)

     

Series J, Pfd., 4.45%(b)

     427,340        7,850,236  

Series D, Pfd., 5.95%

     536,775        12,361,928  

Goldman Sachs Group, Inc. (The)

     

Series J, Pfd., 5.50%(b)(c)

     712,022        17,522,861  

Series K, Pfd., 6.38%(c)

     502,284        12,431,529  

Morgan Stanley

     

Series O, Pfd., 4.25%

     926,658        15,085,992  

Series L, Pfd., 4.88%

     356,406        6,921,405  

Series K, Pfd., 5.85%(b)(c)

     712,834        16,331,027  

Series I, Pfd., 6.38%(c)

     712,825        17,314,519  

Series P, Pfd., 6.50%

     719,269        17,837,871  

Series F, Pfd., 6.88%(b)(c)

     605,880        15,159,118  

Series E, Pfd., 7.13%(c)

     614,833        15,401,567  

Northern Trust Corp., Series E, Pfd., 4.70%(b)

     285,750        5,720,715  

State Street Corp.

     

Series G, Pfd., 5.35%(b)(c)

     361,202        8,686,908  

Series D, Pfd., 5.90%(b)(c)

     531,704        12,957,626  

Stifel Financial Corp., Series D, Pfd., 4.50%(b)

     214,281        3,469,209  
     

 

 

 
        193,226,939  
     

 

 

 

Consumer Finance-5.00%

 

Capital One Financial Corp.

     

Series N, Pfd., 4.25%(b)

     303,212        4,790,750  

Series L, Pfd., 4.38%(b)

     472,459        7,512,098  

Series J, Pfd., 4.80%

     876,296        15,247,550  

Series I, Pfd., 5.00%(b)

     1,055,781        19,563,622  

Synchrony Financial, Series A, Pfd., 5.63%(b)

     535,736        9,091,440  
     

 

 

 
        56,205,460  
     

 

 

 

 

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

 

    13    

 

 

 

 


 

Invesco Financial Preferred ETF (PGF)–(continued)

October 31, 2022

(Unaudited)

 

         Shares          Value  

Diversified Financial Services-1.66%

     

Equitable Holdings, Inc.

     

Series C, Pfd., 4.30%(b)

     212,182      $        3,464,932  

Series A, Pfd., 5.25%

     573,363        10,676,019  

Voya Financial, Inc., Series B, Pfd.,
5.35%(c)

     214,281        4,540,615  
     

 

 

 
        18,681,566  
     

 

 

 

Insurance-16.96%

 

Allstate Corp. (The)

     

Series I, Pfd., 4.75%

     214,224        3,997,420  

Series H, Pfd., 5.10%(b)

     826,071        16,232,295  

Series G, Pfd., 5.63%(b)

     406,645        8,832,329  

American Equity Investment Life Holding Co.

     

Series A, Pfd., 5.95%(c)

     306,671        6,909,298  

Series B, Pfd., 6.63%(c)

     194,299        4,499,965  

American International Group, Inc.,

     

Series A, Pfd., 5.85%(b)

     357,161        7,857,542  

Arch Capital Group Ltd.

     

Series G, Pfd., 4.55%(b)

     381,702        6,702,687  

Series F, Pfd., 5.45%(b)

     215,441        4,364,835  

Aspen Insurance Holdings Ltd.

     

Pfd., 5.63% (Bermuda)

     191,653        3,698,903  

Pfd., 5.63% (Bermuda)

     194,140        3,686,719  

Pfd., 5.95% (Bermuda)(c)

     188,285        4,294,781  

Athene Holding Ltd.

     

Series D, Pfd., 4.88%(b)

     437,561        7,530,425  

Series B, Pfd., 5.63%(b)

     246,880        5,073,384  

Series A, Pfd., 6.35%(c)

     622,436        14,820,201  

Series C, Pfd., 6.38%(c)

     419,071        10,447,440  

AXIS Capital Holdings Ltd., Series E, Pfd., 5.50%(b)

     392,867        7,763,052  

Brighthouse Financial, Inc.

     

Series D, Pfd., 4.63%(b)

     248,577        3,798,256  

Series C, Pfd., 5.38%

     421,132        7,563,531  

Series A, Pfd., 6.60%(b)

     307,898        6,924,626  

Series B, Pfd., 6.75%(b)

     275,945        6,261,192  

Enstar Group Ltd., Series D, Pfd.,
7.00%(b)(c)

     285,750        6,280,785  
     Shares      Value  

Insurance-(continued)

     

Hartford Financial Services Group, Inc. (The), Series G, Pfd., 6.00%(b)

     246,462      $        6,048,177  

MetLife, Inc.

     

Series F, Pfd., 4.75%

     709,884        13,956,319  

Series E, Pfd., 5.63%(b)

     578,959        13,460,797  

RenaissanceRe Holdings Ltd.

     

Series G, Pfd., 4.20% (Bermuda)(b)

     371,809        6,198,056  

Series F, Pfd., 5.75% (Bermuda)

     167,387        3,640,667  
     

 

 

 
        190,843,682  
     

 

 

 

Thrifts & Mortgage Finance-0.70%

 

New York Community Bancorp, Inc.,
Series A, Pfd., 6.38%(c)

     367,867        7,868,675  
     

 

 

 

Trading Companies & Distributors-0.34%

 

  

Air Lease Corp., Series A, Pfd., 6.15%(c)

     178,581        3,839,491  
     

 

 

 

TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from securities on loan)-99.74%
(Cost $1,424,128,697)

 

     1,122,118,494  
     

 

 

 
Investments Purchased with Cash Collateral from Securities on Loan

 

Money Market Funds-5.85%

 

  

Invesco Private Government Fund,
3.18%(d)(e)(f)

     18,397,236        18,397,236  

Invesco Private Prime Fund, 3.28%(d)(e)(f)

     47,482,622        47,482,622  
     

 

 

 

Total Investments Purchased with Cash Collateral from Securities on Loan
(Cost $65,878,084)

 

     65,879,858  
     

 

 

 

TOTAL INVESTMENTS IN SECURITIES-105.59%
(Cost $1,490,006,781)

 

     1,187,998,352  

OTHER ASSETS LESS LIABILITIES-(5.59)%

 

     (62,911,593
     

 

 

 

NET ASSETS-100.00%

 

   $ 1,125,086,759  
     

 

 

 

 

Investment Abbreviations:

Pfd. -Preferred

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 October 31, 2022.

(c) 

Security issued at a fixed rate for a specific period of time, after which it will convert to a variable rate.

(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, 2022.

 

     Value
April 30, 2022
     Purchases
at Cost
     Proceeds
from Sales
    Change in
Unrealized
Appreciation
(Depreciation)
     Realized
Gain
     Value
October 31, 2022
     Dividend
Income
 
Investments in Affiliated Money Market Funds:                    
Invesco Government & Agency Portfolio, Institutional Class      $            -        $41,521,241        $(41,521,241)       $      -        $      -        $            -        $  21,607  

 

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

 

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