

		Invesco Semi-Annual Report to Shareholders October 31, 2023
		RSP		Invesco S&P 500^®Equal Weight ETF

		RSPC		Invesco S&P 500^®Equal Weight Communication Services ETF

		RSPD		Invesco S&P 500^®Equal Weight Consumer Discretionary ETF

		RSPS		Invesco S&P 500^®Equal Weight Consumer Staples ETF

		RSPG		Invesco S&P 500^®Equal Weight Energy ETF

		RSPF		Invesco S&P 500^®Equal Weight Financials ETF

		RSPH		Invesco S&P 500^®Equal Weight Health Care ETF

		RSPN		Invesco S&P 500^®Equal Weight Industrials ETF

		RSPM		Invesco S&P 500^®Equal Weight Materials ETF

		RSPR		Invesco S&P 500^®Equal Weight Real Estate ETF

		RSPT		Invesco S&P 500^®Equal Weight Technology ETF

		RSPU		Invesco S&P 500^®Equal Weight Utilities ETF

		GRPM		Invesco S&P MidCap 400^®GARP ETF (formerly, Invesco S&P MidCap 400^®Equal Weight ETF)

Table of Contents


Schedules of Investments

Invesco S&P 500^® Equal Weight ETF (RSP)			3

Invesco S&P 500^® Equal Weight Communication Services ETF (RSPC)			10

Invesco S&P 500^® Equal Weight Consumer Discretionary ETF (RSPD)			12

Invesco S&P 500^® Equal Weight Consumer Staples ETF (RSPS)			14

Invesco S&P 500^® Equal Weight Energy ETF (RSPG)			16

Invesco S&P 500^® Equal Weight Financials ETF (RSPF)			18

Invesco S&P 500^® Equal Weight Health Care ETF (RSPH)			20

Invesco S&P 500^® Equal Weight Industrials ETF (RSPN)			22

Invesco S&P 500^® Equal Weight Materials ETF (RSPM)			25

Invesco S&P 500^® Equal Weight Real Estate ETF (RSPR)			27

Invesco S&P 500^® Equal Weight Technology ETF (RSPT)			29

Invesco S&P 500^® Equal Weight Utilities ETF (RSPU)			31

Invesco S&P MidCap 400^®GARP ETF (GRPM)			33

Statements of Assets and Liabilities			36

Statements of Operations			40

Statements of Changes in Net Assets			44

Financial Highlights			50

Notes to Financial Statements			63

Fund Expenses			75


		2

Invesco S&P 500^® Equal Weight ETF (RSP)

October 31, 2023

(Unaudited)

Schedule of Investments^(a)


	Shares		Value
Common Stocks & Other Equity Interests-99.93%
Communication Services-3.92%
Alphabet, Inc., Class A^(b)		326,960	$	40,569,197
Alphabet, Inc., Class C^(b)		278,140		34,850,942
AT&T, Inc.		5,746,955		88,503,107
Charter Communications, Inc., Class A^(b)(c)		195,906		78,910,937
Comcast Corp., Class A		1,837,821		75,883,629
Electronic Arts, Inc.		679,729		84,143,653
Fox Corp., Class A^(c)		1,783,983		54,215,243
Fox Corp., Class B		927,720		25,892,665
Interpublic Group of Cos., Inc. (The)^(c)		2,606,459		74,023,436
Live Nation Entertainment, Inc.^(b)(c)		1,024,766		82,001,775
Match Group, Inc.^(b)(c)		1,878,664		65,001,774
Meta Platforms, Inc., Class A^(b)(c)		277,799		83,692,505
Netflix, Inc.^(b)		186,870		76,932,510
News Corp., Class A^(c)		2,995,438		61,945,658
News Corp., Class B^(c)		908,267		19,473,245
Omnicom Group, Inc.		1,048,887		78,572,125
Paramount Global, Class B^(c)		6,058,286		65,914,152
Take-Two Interactive Software, Inc.^(b)		579,619		77,524,041
T-Mobile US, Inc.^(b)(c)		603,122		86,765,131
Verizon Communications, Inc.^(c)		2,474,010		86,911,971
Walt Disney Co. (The)^(b)(c)		1,014,416		82,766,202
Warner Bros Discovery, Inc.^(b)(c)		7,310,581		72,667,175

				1,497,161,073

Consumer Discretionary-10.19%
Airbnb, Inc., Class A^(b)(c)		567,531		67,133,242
Amazon.com, Inc.^(b)		598,699		79,680,850
Aptiv PLC^(b)		823,622		71,819,838
AutoZone, Inc.^(b)(c)		31,701		78,527,498
Bath & Body Works, Inc.		2,267,256		67,224,140
Best Buy Co., Inc.^(c)		1,130,091		75,512,681
Booking Holdings, Inc.^(b)		26,646		74,330,616
BorgWarner, Inc.^(c)		2,067,383		76,286,433
Caesars Entertainment, Inc.^(b)(c)		1,505,990		60,073,941
CarMax, Inc.^(b)(c)		1,019,426		62,276,734
Carnival Corp.^(b)(c)		5,408,899		61,985,983
Chipotle Mexican Grill, Inc.^(b)		42,515		82,572,633
D.R. Horton, Inc.^(c)		705,450		73,648,980
Darden Restaurants, Inc.^(c)		553,753		80,587,674
Domino’s Pizza, Inc.^(c)		213,609		72,411,315
eBay, Inc.		1,905,481		74,752,020
Etsy, Inc.^(b)(c)		1,232,757		76,800,761
Expedia Group, Inc.^(b)		753,682		71,818,358
Ford Motor Co.		6,728,130		65,599,268
Garmin Ltd.		805,228		82,560,027
General Motors Co.		2,511,582		70,826,612
Genuine Parts Co.		551,717		71,094,253
Hasbro, Inc.		1,183,243		53,423,421
Hilton Worldwide Holdings, Inc.		536,962		81,365,852
Home Depot, Inc. (The)		251,756		71,672,416
Las Vegas Sands Corp.		1,693,398		80,368,669
Lennar Corp., Class A^(c)		697,347		74,392,978
LKQ Corp.		1,640,055		72,031,216
Lowe’s Cos., Inc.^(c)		357,783		68,182,706
lululemon athletica, inc.^(b)(c)		204,435		80,441,084
Marriott International, Inc., Class A^(c)		404,100		76,197,096


	Shares		Value
Consumer Discretionary-(continued)
McDonald’s Corp.		296,353	$	77,694,866
MGM Resorts International^(c)		1,892,009		66,068,954
Mohawk Industries, Inc.^(b)		879,555		70,698,631
NIKE, Inc., Class B^(c)		847,307		87,077,740
Norwegian Cruise Line Holdings Ltd.^(b)(c)		5,077,080		69,048,288
NVR, Inc.^(b)(c)		13,275		71,852,530
O’Reilly Automotive, Inc., Class R^(b)(c)		86,579		80,556,565
Pool Corp.^(c)		240,359		75,898,161
PulteGroup, Inc.^(c)		1,025,257		75,448,663
Ralph Lauren Corp.^(c)		707,626		79,629,154
Ross Stores, Inc.		693,307		80,402,813
Royal Caribbean Cruises Ltd.^(b)(c)		850,099		72,028,888
Starbucks Corp.		868,545		80,114,591
Tapestry, Inc.		2,595,063		71,519,936
Tesla, Inc.^(b)(c)		333,011		66,881,929
TJX Cos., Inc. (The)		904,940		79,698,066
Tractor Supply Co.^(c)		380,649		73,297,771
Ulta Beauty, Inc.^(b)		200,040		76,277,252
VF Corp.^(c)		4,401,941		64,840,591
Whirlpool Corp.^(c)		606,241		63,388,559
Wynn Resorts Ltd.^(c)		873,784		76,700,760
Yum! Brands, Inc.		654,056		79,049,208

				3,893,773,211

Consumer Staples-7.58%
Altria Group, Inc.^(c)		1,877,383		75,414,475
Archer-Daniels-Midland Co.^(c)		1,050,087		75,154,726
Brown-Forman Corp., Class B^(c)		1,286,810		72,267,250
Bunge Ltd.		736,403		78,043,990
Campbell Soup Co.^(c)		1,961,951		79,282,440
Church & Dwight Co., Inc.^(c)		864,997		78,662,827
Clorox Co. (The)^(c)		534,945		62,963,026
Coca-Cola Co. (The)		1,418,788		80,147,334
Colgate-Palmolive Co.		1,130,555		84,927,291
Conagra Brands, Inc.		2,843,846		77,807,626
Constellation Brands, Inc., Class A		320,347		75,009,250
Costco Wholesale Corp.		150,615		83,205,751
Dollar General Corp.		650,604		77,447,900
Dollar Tree, Inc.^(b)(c)		713,311		79,241,719
Estee Lauder Cos., Inc. (The), Class A		537,382		69,252,418
General Mills, Inc.^(c)		1,251,071		81,619,872
Hershey Co. (The)		395,908		74,173,364
Hormel Foods Corp.^(c)		2,229,436		72,568,142
JM Smucker Co. (The)		584,502		66,539,708
Kellanova^(c)		1,482,976		74,845,799
Kenvue, Inc.		3,885,263		72,265,892
Keurig Dr Pepper, Inc.		2,480,700		75,239,631
Kimberly-Clark Corp.		649,171		77,666,818
Kraft Heinz Co. (The)		2,510,819		78,990,366
Kroger Co. (The)		1,762,991		79,986,902
Lamb Weston Holdings, Inc.		841,007		75,522,429
McCormick & Co., Inc.^(c)		1,025,512		65,530,217
Molson Coors Beverage Co., Class B		1,300,388		75,123,415
Mondelez International, Inc., Class A^(c)		1,185,281		78,477,455
Monster Beverage Corp.^(b)(c)		1,468,093		75,019,552
PepsiCo, Inc.^(c)		469,463		76,653,919
Philip Morris International, Inc.^(c)		883,517		78,774,376

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


		3

Invesco S&P 500^® Equal Weight ETF (RSP)–(continued)

October 31, 2023

(Unaudited)


	Shares		Value
Consumer Staples-(continued)
Procter & Gamble Co. (The)^(c)		541,150	$	81,188,734
Sysco Corp.		1,183,074		78,662,590
Target Corp.		669,044		74,123,385
Tyson Foods, Inc., Class A^(c)		1,589,669		73,681,158
Walgreens Boots Alliance, Inc.^(c)		3,763,322		79,330,828
Walmart, Inc.		505,315		82,573,524

				2,897,386,099

Energy-4.74%
APA Corp.		1,869,802		74,268,536
Baker Hughes Co., Class A		2,239,645		77,088,581
Chevron Corp.^(c)		494,895		72,121,048
ConocoPhillips^(c)		674,344		80,112,067
Coterra Energy, Inc.		2,934,630		80,702,325
Devon Energy Corp.^(c)		1,571,502		73,184,848
Diamondback Energy, Inc.		530,374		85,029,560
EOG Resources, Inc.		623,500		78,716,875
EQT Corp.^(c)		1,948,127		82,561,622
Exxon Mobil Corp.		715,855		75,773,252
Halliburton Co.		2,004,768		78,867,573
Hess Corp.^(c)		515,569		74,448,164
Kinder Morgan, Inc.		4,925,954		79,800,455
Marathon Oil Corp.		3,030,219		82,755,281
Marathon Petroleum Corp.^(c)		532,839		80,591,899
Occidental Petroleum Corp.		1,267,709		78,357,093
ONEOK, Inc.		1,277,722		83,307,474
Phillips 66		677,054		77,231,550
Pioneer Natural Resources Co.		347,593		83,074,727
Schlumberger N.V.		1,375,359		76,552,482
Targa Resources Corp.		969,871		81,090,914
Valero Energy Corp.^(c)		582,523		73,980,421
Williams Cos., Inc. (The)^(c)		2,446,946		84,174,942

				1,813,791,689

Financials-14.81%
Aflac, Inc.^(c)		1,105,937		86,384,739
Allstate Corp. (The)^(c)		779,226		99,842,227
American Express Co.		525,647		76,760,231
American International Group, Inc.^(c)		1,387,143		85,045,737
Ameriprise Financial, Inc.		239,807		75,436,088
Aon PLC, Class A		248,169		76,783,489
Arch Capital Group Ltd.^(b)(c)		1,071,208		92,852,309
Arthur J. Gallagher & Co.^(c)		362,655		85,401,626
Assurant, Inc.^(c)		599,516		89,267,932
Bank of America Corp.		2,918,028		76,860,858
Bank of New York Mellon Corp. (The)		1,848,033		78,541,403
Berkshire Hathaway, Inc., Class B^(b)		227,889		77,785,352
BlackRock, Inc.		120,233		73,616,261
Blackstone, Inc., Class A		734,504		67,831,444
Brown & Brown, Inc.		1,131,795		78,569,209
Capital One Financial Corp.^(c)		828,257		83,894,152
Cboe Global Markets, Inc.		541,929		88,816,744
Charles Schwab Corp. (The)		1,394,812		72,586,016
Chubb Ltd.		405,546		87,038,283
Cincinnati Financial Corp.^(c)		788,151		78,555,010
Citigroup, Inc.		2,038,860		80,514,581
Citizens Financial Group, Inc.		3,023,633		70,843,721
CME Group, Inc., Class A		404,915		86,433,156
Comerica, Inc.		1,770,931		69,774,681
Discover Financial Services^(c)		923,913		75,834,779
Everest Group Ltd.		223,238		88,317,418


	Shares		Value
Financials-(continued)
FactSet Research Systems, Inc.		192,895	$	83,309,422
Fidelity National Information Services, Inc.		1,495,687		73,453,189
Fifth Third Bancorp		3,133,534		74,296,091
Fiserv, Inc.^(b)		680,569		77,414,724
FleetCor Technologies, Inc.^(b)		304,417		68,545,576
Franklin Resources, Inc.^(c)		3,191,544		72,735,288
Global Payments, Inc.		657,284		69,816,706
Globe Life, Inc.		758,111		88,213,796
Goldman Sachs Group, Inc. (The)		256,146		77,768,487
Hartford Financial Services Group, Inc. (The)		1,157,595		85,025,353
Huntington Bancshares, Inc.		7,613,211		73,467,486
Intercontinental Exchange, Inc.^(c)		719,840		77,339,610
Invesco Ltd.^(d)		5,356,394		69,472,430
Jack Henry & Associates, Inc.^(c)		548,293		77,303,830
JPMorgan Chase & Co.		570,689		79,360,012
KeyCorp		7,356,108		75,179,424
Loews Corp.		1,325,584		84,850,632
M&T Bank Corp.		679,561		76,620,503
MarketAxess Holdings, Inc.		365,157		78,052,309
Marsh & McLennan Cos., Inc.		424,918		80,585,699
Mastercard, Inc., Class A		199,494		75,079,567
MetLife, Inc.		1,307,190		78,444,472
Moody’s Corp.^(c)		243,543		75,011,244
Morgan Stanley		977,398		69,219,326
MSCI, Inc.		155,004		73,092,136
Nasdaq, Inc.		1,609,108		79,811,757
Northern Trust Corp.^(c)		1,083,161		71,391,142
PayPal Holdings, Inc.^(b)		1,357,112		70,298,402
PNC Financial Services Group, Inc. (The)^(c)		707,748		81,015,914
Principal Financial Group, Inc.		1,097,849		74,302,420
Progressive Corp. (The)		609,553		96,364,234
Prudential Financial, Inc.^(c)		870,285		79,578,860
Raymond James Financial, Inc.^(c)		778,271		74,278,184
Regions Financial Corp.^(c)		4,618,086		67,100,790
S&P Global, Inc.		211,779		73,976,522
State Street Corp.		1,179,525		76,232,701
Synchrony Financial		2,645,647		74,210,398
T. Rowe Price Group, Inc.^(c)		757,555		68,558,728
Travelers Cos., Inc. (The)		519,129		86,922,960
Truist Financial Corp.		2,778,890		78,809,320
U.S. Bancorp^(c)		2,291,807		73,062,807
Visa, Inc., Class A^(c)		334,644		78,674,804
W.R. Berkley Corp.^(c)		1,336,320		90,094,694
Wells Fargo & Co.		2,018,417		80,272,444
Willis Towers Watson PLC^(c)		408,229		96,297,139
Zions Bancorporation N.A.^(c)		2,369,891		73,111,137

				5,661,610,115

Health Care-12.57%
Abbott Laboratories^(c)		821,573		77,679,727
AbbVie, Inc.		555,317		78,399,654
Agilent Technologies, Inc.^(c)		725,979		75,044,449
Align Technology, Inc.^(b)		249,060		45,973,985
Amgen, Inc.		319,947		81,810,448
Baxter International, Inc.		2,140,055		69,401,984
Becton, Dickinson and Co.		310,227		78,419,181
Biogen, Inc.^(b)		320,507		76,133,233

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


		4

Invesco S&P 500^® Equal Weight ETF (RSP)–(continued)

October 31, 2023

(Unaudited)


	Shares		Value
Health Care-(continued)
Bio-Rad Laboratories, Inc., Class A^(b)(c)		231,933	$	63,846,516
Bio-Techne Corp.		1,152,264		62,948,182
Boston Scientific Corp.^(b)(c)		1,536,188		78,637,464
Bristol-Myers Squibb Co.		1,360,699		70,116,820
Cardinal Health, Inc.		932,153		84,825,923
Catalent, Inc.^(b)(c)		1,706,988		58,703,317
Cencora, Inc.^(c)		465,677		86,220,097
Centene Corp.^(b)		1,265,184		87,272,392
Charles River Laboratories International, Inc.^(b)(c)		414,300		69,751,548
Cigna Group (The)^(c)		294,898		91,182,462
Cooper Cos., Inc. (The)^(c)		237,279		73,971,728
CVS Health Corp.		1,256,902		86,738,807
Danaher Corp.		379,113		72,797,278
DaVita, Inc.^(b)		866,086		66,887,822
DENTSPLY SIRONA, Inc.		2,298,753		69,905,079
DexCom, Inc.^(b)(c)		793,072		70,448,586
Edwards Lifesciences Corp.^(b)(c)		1,117,246		71,190,915
Elevance Health, Inc.		184,386		82,990,295
Eli Lilly and Co.^(c)		141,112		78,166,170
GE HealthCare Technologies, Inc.^(c)		1,275,148		84,886,602
Gilead Sciences, Inc.^(c)		1,088,873		85,520,086
HCA Healthcare, Inc.		302,476		68,401,923
Henry Schein, Inc.^(b)(c)		1,120,126		72,785,788
Hologic, Inc.^(b)		1,145,708		75,811,498
Humana, Inc.		177,449		92,928,267
IDEXX Laboratories, Inc.^(b)		178,254		71,207,125
Illumina, Inc.^(b)(c)		522,553		57,177,749
Incyte Corp.^(b)(c)		1,293,462		69,756,406
Insulet Corp.^(b)(c)		481,369		63,815,088
Intuitive Surgical, Inc.^(b)		277,490		72,763,428
IQVIA Holdings, Inc.^(b)(c)		387,546		70,079,943
Johnson & Johnson^(c)		516,708		76,648,465
Laboratory Corp. of America Holdings		408,331		81,555,951
McKesson Corp.^(c)		196,672		89,556,562
Medtronic PLC		1,034,951		73,026,143
Merck & Co., Inc.		758,878		77,936,771
Mettler-Toledo International, Inc.^(b)(c)		73,165		72,082,158
Moderna, Inc.^(b)(c)		768,841		58,401,162
Molina Healthcare, Inc.^(b)(c)		258,993		86,231,719
Pfizer, Inc.		2,416,220		73,839,683
Quest Diagnostics, Inc.^(c)		651,528		84,763,793
Regeneron Pharmaceuticals, Inc.^(b)		99,594		77,672,365
ResMed, Inc.		559,342		78,990,277
Revvity, Inc.^(c)		774,620		64,177,267
STERIS PLC^(c)		372,432		78,203,271
Stryker Corp.^(c)		285,828		77,236,442
Teleflex, Inc.^(c)		400,187		73,934,548
Thermo Fisher Scientific, Inc.		159,657		71,010,644
UnitedHealth Group, Inc.		172,615		92,445,689
Universal Health Services, Inc., Class B		629,345		79,228,242
Vertex Pharmaceuticals, Inc.^(b)		241,209		87,344,191
Viatris, Inc.^(c)		8,185,543		72,851,333
Waters Corp.^(b)(c)		314,738		75,074,455
West Pharmaceutical Services, Inc.		210,818		67,101,261


	Shares		Value
Health Care-(continued)
Zimmer Biomet Holdings, Inc.^(c)		685,940	$	71,618,995
Zoetis, Inc.		445,440		69,934,080

				4,805,463,432

Industrials-15.47%
3M Co.		778,932		70,843,865
A.O. Smith Corp.		1,179,019		82,248,365
Alaska Air Group, Inc.^(b)(c)		2,078,762		65,751,242
Allegion PLC^(c)		765,562		75,300,678
American Airlines Group, Inc.^(b)(c)		5,923,104		66,042,610
AMETEK, Inc.		537,731		75,696,393
Automatic Data Processing, Inc.		331,847		72,415,652
Axon Enterprise, Inc.^(b)(c)		385,412		78,812,900
Boeing Co. (The)^(b)(c)		391,701		73,177,581
Broadridge Financial Solutions, Inc.^(c)		440,803		75,218,624
C.H. Robinson Worldwide, Inc.^(c)		958,714		78,451,567
Carrier Global Corp.		1,410,779		67,237,727
Caterpillar, Inc.		294,140		66,490,347
Ceridian HCM Holding, Inc.^(b)(c)		1,131,950		72,456,120
Cintas Corp.		167,136		84,758,008
Copart, Inc.^(b)		1,851,763		80,588,726
CSX Corp.		2,763,154		82,480,147
Cummins, Inc.		352,317		76,206,167
Deere & Co.		207,749		75,903,175
Delta Air Lines, Inc.		2,027,338		63,354,313
Dover Corp.		582,317		75,672,094
Eaton Corp. PLC		351,941		73,172,053
Emerson Electric Co.		836,322		74,407,568
Equifax, Inc.		421,018		71,392,022
Expeditors International of Washington, Inc.^(c)		721,286		78,800,496
Fastenal Co.		1,518,174		88,570,271
FedEx Corp.^(c)		326,673		78,434,187
Fortive Corp.^(c)		1,066,986		69,652,846
Generac Holdings, Inc.^(b)(c)		718,462		60,401,100
General Dynamics Corp.		381,044		91,949,728
General Electric Co.		740,763		80,469,085
Honeywell International, Inc.		448,488		82,189,911
Howmet Aerospace, Inc.		1,736,726		76,589,617
Hubbell, Inc.		238,067		64,301,897
Huntington Ingalls Industries, Inc.		392,502		86,279,790
IDEX Corp.		382,945		73,299,502
Illinois Tool Works, Inc.		348,143		78,025,809
Ingersoll Rand, Inc.^(c)		1,192,135		72,338,752
J.B. Hunt Transport Services, Inc.		448,221		77,035,743
Jacobs Solutions, Inc.		634,870		84,628,171
Johnson Controls International PLC^(c)		1,443,014		70,736,546
L3Harris Technologies, Inc.		492,739		88,402,304
Leidos Holdings, Inc.^(c)		863,820		85,621,838
Lockheed Martin Corp.		195,596		88,925,765
Masco Corp.		1,471,757		76,663,822
Nordson Corp.		355,457		75,566,604
Norfolk Southern Corp.		423,003		80,704,742
Northrop Grumman Corp.		195,767		92,290,437
Old Dominion Freight Line, Inc.		196,452		73,995,610
Otis Worldwide Corp.		1,000,526		77,250,613
PACCAR, Inc.^(c)		979,230		80,815,852
Parker-Hannifin Corp.		202,892		74,848,888
Paychex, Inc.		688,293		76,434,938
Paycom Software, Inc.		292,025		71,537,364

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


		5

Invesco S&P 500^® Equal Weight ETF (RSP)–(continued)

October 31, 2023

(Unaudited)


	Shares		Value
Industrials-(continued)
Pentair PLC		1,215,580	$	70,649,510
Quanta Services, Inc.		400,770		66,976,682
Republic Services, Inc.		565,975		84,041,628
Robert Half, Inc.^(c)		1,130,555		84,531,597
Rockwell Automation, Inc.		278,765		73,262,230
Rollins, Inc.		2,291,807		86,194,861
RTX Corp.^(c)		991,339		80,685,081
Snap-on, Inc.		319,596		82,436,592
Southwest Airlines Co.^(c)		2,802,406		62,297,485
Stanley Black & Decker, Inc.^(c)		909,525		77,355,101
Textron, Inc.		1,094,647		83,193,172
Trane Technologies PLC^(c)		403,093		76,712,629
TransDigm Group, Inc.^(b)(c)		95,237		78,864,807
Union Pacific Corp.^(c)		390,719		81,117,172
United Airlines Holdings, Inc.^(b)(c)		1,744,431		61,072,529
United Parcel Service, Inc., Class B^(c)		513,900		72,588,375
United Rentals, Inc.^(c)		179,046		72,741,018
Veralto Corp.^(b)		1,001,776		69,122,544
Verisk Analytics, Inc.		338,638		76,992,736
W.W. Grainger, Inc.		120,315		87,809,497
Wabtec Corp.		776,514		82,326,014
Waste Management, Inc.		528,947		86,921,861
Xylem, Inc.		869,094		81,295,053

				5,914,028,346

Information Technology-12.59%
Accenture PLC, Class A^(c)		254,268		75,540,480
Adobe, Inc.^(b)		148,177		78,839,055
Advanced Micro Devices, Inc.^(b)		780,035		76,833,448
Akamai Technologies, Inc.^(b)		790,566		81,689,185
Amphenol Corp., Class A		963,524		77,611,858
Analog Devices, Inc.		466,282		73,360,147
ANSYS, Inc.^(b)(c)		264,134		73,497,927
Apple, Inc.		464,548		79,330,862
Applied Materials, Inc.		560,938		74,240,144
Arista Networks, Inc.^(b)		421,212		84,398,248
Autodesk, Inc.^(b)(c)		378,781		74,858,489
Broadcom, Inc.		96,830		81,469,857
Cadence Design Systems, Inc.^(b)(c)		348,787		83,656,562
CDW Corp.^(c)		389,117		77,979,047
Cisco Systems, Inc.		1,460,304		76,125,648
Cognizant Technology Solutions Corp., Class A		1,160,034		74,787,392
Corning, Inc.		2,638,040		70,593,950
Enphase Energy, Inc.^(b)(c)		690,080		54,916,566
EPAM Systems, Inc.^(b)		311,879		67,855,514
F5, Inc.^(b)		516,753		78,334,587
Fair Isaac Corp.^(b)		92,284		78,060,267
First Solar, Inc.^(b)(c)		451,703		64,345,092
Fortinet, Inc.^(b)(c)		1,291,641		73,843,116
Gartner, Inc.^(b)		234,403		77,831,172
Gen Digital, Inc.^(c)		4,139,877		68,970,351
Hewlett Packard Enterprise Co.		4,772,513		73,401,250
HP, Inc.		2,810,036		73,988,248
Intel Corp.		2,177,244		79,469,406
International Business Machines Corp.^(c)		560,367		81,051,483
Intuit, Inc.		150,808		74,642,420
Juniper Networks, Inc.^(c)		2,846,797		76,635,775
Keysight Technologies, Inc.^(b)		625,531		76,346,059


	Shares		Value
Information Technology-(continued)
KLA Corp.^(c)		166,261	$	78,092,792
Lam Research Corp.		124,147		73,025,748
Microchip Technology, Inc.^(c)		1,050,488		74,889,290
Micron Technology, Inc.		1,179,188		78,852,302
Microsoft Corp.		247,559		83,702,173
Monolithic Power Systems, Inc.		165,216		72,982,516
Motorola Solutions, Inc.		293,872		81,831,597
NetApp, Inc.		1,046,362		76,154,226
NVIDIA Corp.		182,174		74,290,557
NXP Semiconductors N.V. (China)		408,878		70,502,834
ON Semiconductor Corp.^(b)		845,139		52,939,507
Oracle Corp.^(c)		655,146		67,742,096
Palo Alto Networks, Inc.^(b)(c)		332,689		80,850,081
PTC, Inc.^(b)(c)		577,966		81,157,986
Qorvo, Inc.^(b)		833,031		72,823,570
QUALCOMM, Inc.		779,667		84,975,906
Roper Technologies, Inc.		168,370		82,260,531
Salesforce, Inc.^(b)		368,202		73,946,008
Seagate Technology Holdings PLC^(c)		1,265,959		86,401,702
ServiceNow, Inc.^(b)		137,904		80,239,442
Skyworks Solutions, Inc.		832,695		72,227,964
SolarEdge Technologies, Inc.^(b)(c)		555,953		42,224,630
Synopsys, Inc.^(b)(c)		180,797		84,873,344
TE Connectivity Ltd.^(c)		647,238		76,276,998
Teledyne Technologies, Inc.^(b)(c)		202,371		75,806,153
Teradyne, Inc.^(c)		832,098		69,288,800
Texas Instruments, Inc.		502,577		71,370,960
Trimble, Inc.^(b)		1,623,280		76,505,186
Tyler Technologies, Inc.^(b)(c)		211,722		78,951,134
VeriSign, Inc.^(b)		401,858		80,234,968
Western Digital Corp.^(b)(c)		1,903,724		76,434,519
Zebra Technologies Corp., Class A^(b)		323,978		67,850,713

				4,814,209,838

Materials-5.81%
Air Products and Chemicals, Inc.		277,220		78,298,017
Albemarle Corp.^(c)		448,708		56,887,200
Amcor PLC^(c)		8,946,580		79,535,096
Avery Dennison Corp.		458,182		79,755,741
Ball Corp.^(c)		1,588,746		76,498,120
Celanese Corp.^(c)		664,414		76,082,047
CF Industries Holdings, Inc.		988,255		78,842,984
Corteva, Inc.^(c)		1,669,166		80,353,651
Dow, Inc.^(c)		1,540,774		74,481,015
DuPont de Nemours, Inc.^(c)		1,097,412		79,979,387
Eastman Chemical Co.		1,040,560		77,761,049
Ecolab, Inc.		454,562		76,248,230
FMC Corp.^(c)		1,096,683		58,343,536
Freeport-McMoRan, Inc.		2,106,273		71,149,902
International Flavors & Fragrances, Inc.^(c)		1,204,058		82,297,364
International Paper Co.		2,389,710		80,604,918
Linde PLC^(c)		213,919		81,751,285
LyondellBasell Industries N.V., Class A		832,695		75,142,397
Martin Marietta Materials, Inc.		188,883		77,241,814
Mosaic Co. (The)		2,198,037		71,392,242
Newmont Corp.		2,136,733		80,063,385
Nucor Corp.^(c)		501,722		74,149,494
Packaging Corp. of America		564,659		86,421,060
PPG Industries, Inc.		609,823		74,867,970

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


		6

Invesco S&P 500^® Equal Weight ETF (RSP)–(continued)

October 31, 2023

(Unaudited)


	Shares		Value
Materials-(continued)
Sealed Air Corp.^(c)		2,436,836	$	75,030,180
Sherwin-Williams Co. (The)		304,855		72,619,510
Steel Dynamics, Inc.		803,896		85,622,963
Vulcan Materials Co.		382,661		75,189,060
WestRock Co.		2,393,867		86,011,641

				2,222,621,258

Real Estate-6.04%
Alexandria Real Estate Equities, Inc.^(c)		719,526		67,009,456
American Tower Corp.^(c)		457,509		81,523,529
AvalonBay Communities, Inc.^(c)		463,090		76,752,537
Boston Properties, Inc.^(c)		1,242,964		66,585,581
Camden Property Trust		803,505		68,201,504
CBRE Group, Inc., Class A^(b)		970,596		67,301,127
CoStar Group, Inc.^(b)(c)		1,002,226		73,573,411
Crown Castle, Inc.		833,873		77,533,512
Digital Realty Trust, Inc.^(c)		636,658		79,174,789
Equinix, Inc.^(c)		107,263		78,263,375
Equity Residential^(c)		1,320,919		73,086,448
Essex Property Trust, Inc.^(c)		367,334		78,580,089
Extra Space Storage, Inc.^(c)		654,782		67,828,867
Federal Realty Investment Trust		847,829		77,313,527
Healthpeak Properties, Inc.		4,133,651		64,278,273
Host Hotels & Resorts, Inc.^(c)		5,156,149		79,817,187
Invitation Homes, Inc.		2,442,603		72,520,883
Iron Mountain, Inc.^(c)		1,320,286		77,989,294
Kimco Realty Corp.^(c)		4,454,054		79,905,729
Mid-America Apartment Communities, Inc.^(c)		600,135		70,905,950
Prologis, Inc.		675,669		68,073,652
Public Storage^(c)		302,388		72,183,039
Realty Income Corp.		1,495,958		70,878,490
Regency Centers Corp.^(c)		1,291,641		77,834,287
SBA Communications Corp., Class A		381,476		79,587,338
Simon Property Group, Inc.^(c)		721,980		79,338,382
UDR, Inc.^(c)		2,140,610		68,092,804
Ventas, Inc.^(c)		1,952,743		82,913,468
VICI Properties, Inc.^(c)		2,653,308		74,027,293
Welltower, Inc.^(c)		1,001,861		83,765,598
Weyerhaeuser Co.^(c)		2,578,039		73,963,939

				2,308,803,358

Utilities-6.21%
AES Corp. (The)		4,791,910		71,399,459
Alliant Energy Corp.		1,630,975		79,575,270
Ameren Corp.^(c)		1,042,136		78,900,117
American Electric Power Co., Inc.		1,064,510		80,413,085
American Water Works Co., Inc.^(c)		600,878		70,693,297
Atmos Energy Corp.^(c)		724,768		78,028,523
CenterPoint Energy, Inc.		2,925,265		78,631,123
CMS Energy Corp.		1,478,546		80,344,190
Consolidated Edison, Inc.		927,233		81,401,785
Constellation Energy Corp.		761,748		86,016,584


	Shares		Value
Utilities-(continued)
Dominion Energy, Inc.		1,756,313	$	70,814,540
DTE Energy Co.		806,093		77,691,243
Duke Energy Corp.		909,224		80,820,921
Edison International		1,185,622		74,765,323
Entergy Corp.		868,637		83,033,011
Evergy, Inc.		1,534,190		75,390,097
Eversource Energy		1,333,084		71,706,588
Exelon Corp.		2,039,364		79,412,834
FirstEnergy Corp.		2,323,269		82,708,376
NextEra Energy, Inc.		1,238,304		72,193,123
NiSource, Inc.		3,068,442		77,202,001
NRG Energy, Inc.		2,094,590		88,768,724
PG&E Corp.^(b)(c)		4,879,505		79,535,932
Pinnacle West Capital Corp.		1,080,114		80,122,857
PPL Corp.		3,343,658		82,153,677
Public Service Enterprise Group, Inc.		1,361,372		83,928,584
Sempra^(c)		1,161,503		81,340,055
Southern Co. (The)		1,218,270		81,989,571
WEC Energy Group, Inc.		977,376		79,548,633
Xcel Energy, Inc.		1,450,046		85,944,226

				2,374,473,749

Total Common Stocks & Other Equity Interests (Cost $42,029,853,785)				38,203,322,168


Money Market Funds-0.01%
Invesco Government & Agency Portfolio, Institutional Class, 5.27%^(d)(e) (Cost $3,946,259)		3,946,259		3,946,259

TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-99.94% (Cost $42,033,800,044)				38,207,268,427


Investments Purchased with Cash Collateral from Securities on Loan

Money Market Funds-5.43%
Invesco Private Government Fund, 5.32%^(d)(e)(f)		577,549,687		577,549,687
Invesco Private Prime Fund, 5.53%^(d)(e)(f)		1,499,260,079		1,499,410,005

Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $2,076,921,004)				2,076,959,692

TOTAL INVESTMENTS IN SECURITIES-105.37% (Cost $44,110,721,048)				40,284,228,119
OTHER ASSETS LESS LIABILITIES-(5.37)%				(2,051,558,293	)

NET ASSETS-100.00%.			$	38,232,669,826

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


		7

Invesco S&P 500^® Equal Weight ETF (RSP)–(continued)

October 31, 2023

(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, 2023.

^(d)

Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the six months ended October 31, 2023.


	Value April 30, 2023		Purchases at Cost		Proceeds from Sales			Change in Unrealized Appreciation (Depreciation)				Realized Gain		Value October 31, 2023			Dividend Income

Invesco Ltd.	$	67,912,073	$	40,417,831	$	(17,281,124	)		$	(21,627,241	)	$	50,891		$	69,472,430	$	1,818,981

Investments in Affiliated Money Market Funds:

Invesco Government & Agency Portfolio, Institutional Class		-		341,216,582		(337,270,323	)			-			-			3,946,259		163,775

Investments Purchased with Cash Collateral from Securities on Loan:

Invesco Private Government Fund		539,713,330		2,501,433,722		(2,463,597,365	)			-			-			577,549,687		13,692,384	*

Invesco Private Prime Fund		1,380,240,578		5,019,311,652		(4,900,332,718	)			48,167			142,326			1,499,410,005		36,733,422	*


Total	$	1,987,865,981	$	7,902,379,787	$	(7,718,481,530	)		$	(21,579,074	)	$	193,217		$	2,150,378,381	$	52,408,562

*	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, 2023.

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

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


		8

Invesco S&P 500^® Equal Weight ETF (RSP)–(continued)

October 31, 2023

(Unaudited)


Portfolio Composition
Sector Breakdown (% of the Fund’s Net Assets) as of October 31, 2023

Industrials			15.47

Financials			14.81

Information Technology			12.59

Health Care			12.57

Consumer Discretionary			10.19

Consumer Staples			7.58

Utilities			6.21

Real Estate			6.04

Materials			5.81

Energy			4.74

Communication Services			3.92

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.


		9

Invesco S&P 500^® Equal Weight Communication Services ETF (RSPC)

October 31, 2023

(Unaudited)

Schedule of Investments^(a)


	Shares		Value
Common Stocks & Other Equity Interests-100.01%
Diversified Telecommunication Services-14.65%
AT&T, Inc.		173,073	$	2,665,324
Iridium Communications, Inc.		52,337		1,939,086
Verizon Communications, Inc.		74,507		2,617,431

				7,221,841

Entertainment-29.08%
Electronic Arts, Inc.		20,470		2,533,981
Live Nation Entertainment, Inc.^(b)		30,792		2,463,976
Netflix, Inc.^(b)		5,628		2,316,992
Take-Two Interactive Software, Inc.^(b)(c)		17,456		2,334,740
Walt Disney Co. (The)^(b)		30,549		2,492,493
Warner Bros Discovery, Inc.^(b)		220,164		2,188,430

				14,330,612

Interactive Media & Services-13.70%
Alphabet, Inc., Class A^(b)		9,847		1,221,815
Alphabet, Inc., Class C^(b)		8,377		1,049,638
Match Group, Inc.^(b)		56,578		1,957,599
Meta Platforms, Inc., Class A^(b)		8,366		2,520,425

				6,749,477

Media-37.29%
Charter Communications, Inc., Class A^(b)		5,900		2,376,520
Comcast Corp., Class A		55,347		2,285,278
Fox Corp., Class A		53,725		1,632,703
Fox Corp., Class B		27,939		779,777
Interpublic Group of Cos., Inc. (The)		78,497		2,229,315
New York Times Co. (The), Class A^(c)		56,336		2,270,904
News Corp., Class A^(c)		90,209		1,865,522


	Shares		Value
Media-(continued)
News Corp., Class B^(c)		27,353	$	586,448
Omnicom Group, Inc.		31,588		2,366,257
Paramount Global, Class B^(c)		182,450		1,985,056

				18,377,780

Wireless Telecommunication Services-5.29%
T-Mobile US, Inc.^(b)		18,109		2,605,161

TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-100.01% (Cost $56,605,169)				49,284,871


Investments Purchased with Cash Collateral from Securities on Loan

Money Market Funds-5.60%
Invesco Private Government Fund, 5.32%^(d)(e)(f)		772,750		772,750
Invesco Private Prime Fund, 5.53%^(d)(e)(f)		1,987,935		1,988,134

Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $2,761,068)				2,760,884

TOTAL INVESTMENTS IN SECURITIES-105.61% (Cost $59,366,237)				52,045,755
OTHER ASSETS LESS LIABILITIES-(5.61)%				(2,764,267	)

NET ASSETS-100.00%			$	49,281,488

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, 2023.

^(d)


	Value April 30, 2023			Purchases at Cost		Proceeds from Sales			Change in Unrealized Appreciation (Depreciation)				Realized Gain (Loss)				Value October 31, 2023			Dividend Income

Investments in Affiliated Money Market Funds:

Invesco Government & Agency Portfolio, Institutional Class		$	-	$	2,724,211	$	(2,724,211	)		$	-			$	-			$	-	$	2,633

Investments Purchased with Cash Collateral from Securities on Loan:

Invesco Private Government Fund			4,241,707		19,286,264		(22,755,221	)			-				-				772,750		53,465	*

Invesco Private Prime Fund			10,907,518		43,875,885		(52,795,000	)			(21	)			(248	)			1,988,134		141,114	*


Total		$	15,149,225	$	65,886,360	$	(78,274,432	)		$	(21	)		$	(248	)		$	2,760,884	$	197,212

*	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.

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


		10

Invesco S&P 500^® Equal Weight Communication Services ETF (RSPC)–(continued)

October 31, 2023

(Unaudited)

^(e)	The rate shown is the 7-day SEC standardized yield as of October 31, 2023.

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


Portfolio Composition
Industry Breakdown (% of the Fund’s Net Assets) as of October 31, 2023

Media	37.29

Entertainment	29.08

Diversified Telecommunication Services	14.65

Interactive Media & Services	13.70

Wireless Telecommunication Services	5.29

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.


		11

Invesco S&P 500^® Equal Weight Consumer Discretionary ETF (RSPD)

October 31, 2023

(Unaudited)

Schedule of Investments^(a)


	Shares		Value
Common Stocks & Other Equity Interests-99.95%
Automobile Components-3.80%
Aptiv PLC^(b)		77,547	$	6,762,099
BorgWarner, Inc.		194,678		7,183,618

				13,945,717

Automobiles-5.22%
Ford Motor Co.		633,490		6,176,527
General Motors Co.		236,514		6,669,695
Tesla, Inc.^(b)		31,363		6,298,945

				19,145,167

Broadline Retail-5.94%
Amazon.com, Inc.^(b)		56,373		7,502,683
eBay, Inc.		179,458		7,040,137
Etsy, Inc.^(b)(c)		116,106		7,233,404

				21,776,224

Distributors-5.63%
Genuine Parts Co.		51,944		6,693,504
LKQ Corp.		154,410		6,781,687
Pool Corp.^(c)		22,642		7,149,664

				20,624,855

Hotels, Restaurants & Leisure-34.12%
Airbnb, Inc., Class A^(b)		53,453		6,322,955
Booking Holdings, Inc.^(b)		2,480		6,918,109
Caesars Entertainment, Inc.^(b)		141,838		5,657,918
Carnival Corp.^(b)		509,263		5,836,154
Chipotle Mexican Grill, Inc.^(b)		4,007		7,782,395
Darden Restaurants, Inc.^(c)		52,137		7,587,498
Domino’s Pizza, Inc.		20,113		6,818,106
Expedia Group, Inc.^(b)		70,962		6,761,969
Hilton Worldwide Holdings, Inc.		50,556		7,660,751
Las Vegas Sands Corp.		159,497		7,569,728
Marriott International, Inc., Class A		37,929		7,151,892
McDonald’s Corp.		27,916		7,318,738
MGM Resorts International		178,191		6,222,430
Norwegian Cruise Line Holdings Ltd.^(b)(c)		477,986		6,500,609
Royal Caribbean Cruises Ltd.^(b)		80,053		6,782,891
Starbucks Corp.		81,804		7,545,601
Wynn Resorts Ltd.		82,266		7,221,309
Yum! Brands, Inc.		61,592		7,444,009

				125,103,062

Household Durables-13.13%
D.R. Horton, Inc.		66,422		6,934,457
Garmin Ltd.		75,833		7,775,158
Lennar Corp., Class A.		65,674		7,006,102
Mohawk Industries, Inc.^(b)		82,839		6,658,599
NVR, Inc.^(b)		1,236		6,689,998


	Shares		Value
Household Durables-(continued)
PulteGroup, Inc.		96,529	$	7,103,569
Whirlpool Corp.^(c)		57,088		5,969,121

				48,137,004

Leisure Products-1.37%
Hasbro, Inc.		111,426		5,030,884


Specialty Retail-20.88%
AutoZone, Inc.^(b)		2,976		7,371,939
Bath & Body Works, Inc.		213,499		6,330,245
Best Buy Co., Inc.^(c)		106,423		7,111,185
CarMax, Inc.^(b)(c)		95,975		5,863,113
Home Depot, Inc. (The)		23,702		6,747,722
Lowe’s Cos., Inc.		33,693		6,420,875
O’Reilly Automotive, Inc., Class R^(b)		8,131		7,565,408
Ross Stores, Inc.		65,280		7,570,521
TJX Cos., Inc. (The)		85,201		7,503,652
Tractor Supply Co.^(c)		35,841		6,901,543
Ulta Beauty, Inc.^(b)		18,838		7,183,118

				76,569,321

Textiles, Apparel & Luxury Goods-9.86%
lululemon athletica, inc.^(b)		19,342		7,610,690
NIKE, Inc., Class B.		79,788		8,199,813
Ralph Lauren Corp.		66,641		7,499,112
Tapestry, Inc.		244,415		6,736,077
VF Corp.^(c)		414,509		6,105,718

				36,151,410

TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-99.95% (Cost $451,616,221)				366,483,644


Investments Purchased with Cash Collateral from Securities on Loan

Money Market Funds-12.33%
Invesco Private Government Fund, 5.32%^(d)(e)(f)		10,233,409		10,233,409
Invesco Private Prime Fund, 5.53%^(d)(e)(f)		34,971,150		34,974,647

Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $45,207,049)				45,208,056

TOTAL INVESTMENTS IN SECURITIES-112.28% (Cost $496,823,270)				411,691,700
OTHER ASSETS LESS LIABILITIES-(12.28)%				(45,026,814	)

NET ASSETS-100.00%			$	366,664,886

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


		12

Invesco S&P 500^® Equal Weight Consumer Discretionary ETF (RSPD)–(continued)

October 31, 2023

(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, 2023.

^(d)


	Value April 30, 2023			Purchases at Cost			Proceeds from Sales				Change in Unrealized Appreciation			Realized Gain			Value October 31, 2023			Dividend Income

Investments in Affiliated Money Market Funds:

Invesco Government & Agency Portfolio, Institutional Class		$	158,262		$	4,178,134		$	(4,336,396	)		$	-		$	-		$	-		$	3,497

Investments Purchased with Cash Collateral from Securities on Loan:

Invesco Private Government Fund			16,981,695			149,540,307			(156,288,593	)			-			-			10,233,409			531,886	*

Invesco Private Prime Fund			43,667,216			292,075,134			(300,775,373	)			5,561			2,109			34,974,647			1,421,041	*


Total		$	60,807,173		$	445,793,575		$	(461,400,362	)		$	5,561		$	2,109		$	45,208,056		$	1,956,424

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

^(e)	The rate shown is the 7-day SEC standardized yield as of October 31, 2023.

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


Portfolio Composition
Industry Breakdown (% of the Fund’s Net Assets) as of October 31, 2023

Hotels, Restaurants & Leisure			34.12

Specialty Retail			20.88

Household Durables			13.13

Textiles, Apparel & Luxury Goods			9.86

Broadline Retail			5.94

Distributors			5.63

Automobiles			5.22

Automobile Components			3.80

Leisure Products			1.37

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.


		13

Invesco S&P 500^® Equal Weight Consumer Staples ETF (RSPS)

October 31, 2023

(Unaudited)

Schedule of Investments^(a)


	Shares		Value
Common Stocks & Other Equity Interests-99.94%
Beverages-18.26%
Brown-Forman Corp., Class B		236,947	$	13,306,944
Coca-Cola Co. (The)		261,273		14,759,312
Constellation Brands, Inc., Class A		58,783		13,764,039
Keurig Dr Pepper, Inc.		456,741		13,852,955
Molson Coors Beverage Co., Class B		239,429		13,831,813
Monster Beverage Corp.^(b)		270,333		13,814,016
PepsiCo, Inc.		86,443		14,114,413

				97,443,492

Consumer Staples Distribution & Retail-21.88%
Costco Wholesale Corp.		27,645		15,272,204
Dollar General Corp.		119,781		14,258,730
Dollar Tree, Inc.^(b)(c)		131,348		14,591,449
Kroger Co. (The)		324,691		14,731,231
Sysco Corp.		217,871		14,486,243
Target Corp.		123,181		13,647,223
Walgreens Boots Alliance, Inc.		692,991		14,608,250
Walmart, Inc.		93,022		15,200,725

				116,796,055

Food Products-36.30%
Archer-Daniels-Midland Co.		193,341		13,837,415
Bunge Ltd.^(c)		135,613		14,372,266
Campbell Soup Co.^(c)		361,315		14,600,739
Conagra Brands, Inc.		523,670		14,327,611
General Mills, Inc.		230,357		15,028,491
Hershey Co. (The)		72,896		13,657,066
Hormel Foods Corp.^(c)		410,541		13,363,109
JM Smucker Co. (The)		107,633		12,252,941
Kellanova		273,257		13,791,281
Kraft Heinz Co. (The)		462,419		14,547,702
Lamb Weston Holdings, Inc.		154,889		13,909,032
McCormick & Co., Inc.		188,791		12,063,745
Mondelez International, Inc., Class A		218,236		14,449,405
Tyson Foods, Inc., Class A		292,789		13,570,770

				193,771,573


	Shares		Value
Household Products-13.30%
Church & Dwight Co., Inc.		159,302	$	14,486,924
Clorox Co. (The)		98,491		11,592,391
Colgate-Palmolive Co.		208,164		15,637,280
Kimberly-Clark Corp.		119,524		14,299,851
Procter & Gamble Co. (The)		99,669		14,953,340

				70,969,786

Personal Care Products-4.88%
Estee Lauder Cos., Inc. (The), Class A		98,933		12,749,496
Kenvue, Inc.		715,527		13,308,802

				26,058,298

Tobacco-5.32%
Altria Group, Inc.		345,680		13,885,966
Philip Morris International, Inc.		162,660		14,502,765

				28,388,731

TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-99.94% (Cost $640,826,225)				533,427,935


Investments Purchased with Cash Collateral from Securities on Loan

Money Market Funds-2.68%
Invesco Private Government Fund, 5.32%^(d)(e)(f)		4,003,462		4,003,462
Invesco Private Prime Fund, 5.53%^(d)(e)(f)		10,297,431		10,298,461

Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $14,301,923)				14,301,923

TOTAL INVESTMENTS IN SECURITIES-102.62% (Cost $655,128,148)				547,729,858
OTHER ASSETS LESS LIABILITIES-(2.62)%				(14,004,209	)

NET ASSETS-100.00%.			$	533,725,649

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, 2023.

^(d)


	Value April 30, 2023			Purchases at Cost		Proceeds from Sales			Change in Unrealized Appreciation			Realized Gain			Value October 31, 2023			Dividend Income

Investments in Affiliated Money Market Funds:

Invesco Government & Agency Portfolio, Institutional Class		$	194,993	$	9,590,147	$	(9,785,140	)		$	-		$	-		$	-	$	4,683

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


		14

Invesco S&P 500^® Equal Weight Consumer Staples ETF (RSPS)–(continued)

October 31, 2023

(Unaudited)


	Value April 30, 2023			Purchases at Cost		Proceeds from Sales			Change in Unrealized Appreciation			Realized Gain			Value October 31, 2023			Dividend Income

Investments Purchased with Cash Collateral from Securities on Loan:

Invesco Private Government Fund		$	10,342,558	$	100,602,272	$	(106,941,368	)		$	-		$	-		$	4,003,462	$	205,790	*

Invesco Private Prime Fund			26,595,150		227,398,088		(243,700,588	)			-			5,811			10,298,461		556,989	*


Total		$	37,132,701	$	337,590,507	$	(360,427,096	)		$	-		$	5,811		$	14,301,923	$	767,462

*	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, 2023.

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


Portfolio Composition
Industry Breakdown (% of the Fund’s Net Assets) as of October 31, 2023

Food Products			36.30

Consumer Staples Distribution & Retail			21.88

Beverages			18.26

Household Products			13.30

Tobacco			5.32

Personal Care Products			4.88

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.


		15

Invesco S&P 500^® Equal Weight Energy ETF (RSPG)

October 31, 2023

(Unaudited)

Schedule of Investments^(a)


	Shares		Value
Common Stocks & Other Equity Interests-99.85%
Energy Equipment & Services-12.80%
Baker Hughes Co., Class A		758,355	$	26,102,579
Halliburton Co.		678,809		26,704,346
Schlumberger N.V.		465,698		25,920,751

				78,727,676

Oil, Gas & Consumable Fuels-87.05%
APA Corp.		633,106		25,146,970
Chevron Corp.		167,579		24,421,288
ConocoPhillips		228,331		27,125,723
Coterra Energy, Inc.		993,668		27,325,870
Devon Energy Corp.		532,107		24,780,223
Diamondback Energy, Inc.		179,585		28,791,067
EOG Resources, Inc.		211,118		26,653,647
EQT Corp.^(b)		659,631		27,955,162
Exxon Mobil Corp.		242,373		25,655,182
Hess Corp.		174,562		25,206,753
Kinder Morgan, Inc.		1,667,903		27,020,029
Marathon Oil Corp.		1,026,024		28,020,715
Marathon Petroleum Corp.		180,417		27,288,071
Occidental Petroleum Corp.		429,239		26,531,263
ONEOK, Inc.		432,618		28,206,694
Phillips 66.		229,246		26,150,091
Pioneer Natural Resources Co.		117,329		28,041,631
Targa Resources Corp.		328,381		27,455,935
Valero Energy Corp.		197,246		25,050,242
Williams Cos., Inc. (The)		828,525		28,501,260

				535,327,816

Total Common Stocks & Other Equity Interests (Cost $553,018,565)				614,055,492


	Shares		Value
Money Market Funds-0.07%
Invesco Government & Agency Portfolio, Institutional Class, 5.27%^(c)(d) (Cost $403,500)		403,500	$	403,500

TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-99.92% (Cost $553,422,065)				614,458,992


Investments Purchased with Cash Collateral from Securities on Loan

Money Market Funds-0.02%
Invesco Private Government Fund, 5.32%^(c)(d)(e)		31,792		31,792
Invesco Private Prime Fund, 5.53%^(c)(d)(e)		81,880		81,888

Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $113,688)				113,680

TOTAL INVESTMENTS IN SECURITIES-99.94% (Cost $553,535,753)				614,572,672
OTHER ASSETS LESS LIABILITIES-0.06%				387,965

NET ASSETS-100.00%			$	614,960,637

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, 2023.

^(c)


	Value April 30, 2023			Purchases at Cost		Proceeds from Sales			Change in Unrealized Appreciation (Depreciation)				Realized Gain			Value October 31, 2023			Dividend Income

Investments in Affiliated Money Market Funds:

Invesco Government & Agency Portfolio, Institutional Class		$	269,112	$	7,603,367	$	(7,468,979	)		$	-			$	-		$	403,500	$	4,326

Investments Purchased with Cash Collateral from Securities on Loan:

Invesco Private Government Fund			2,524,900		46,625,857		(49,118,965	)			-				-			31,792		151,157	*

Invesco Private Prime Fund			6,644,893		106,305,233		(112,870,046	)			(8	)			1,816			81,888		403,283	*


Total		$	9,438,905	$	160,534,457	$	(169,457,990	)		$	(8	)		$	1,816		$	517,180	$	558,766

*	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.

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


		16

Invesco S&P 500^® Equal Weight Energy ETF (RSPG)–(continued)

October 31, 2023

(Unaudited)

^(d)	The rate shown is the 7-day SEC standardized yield as of October 31, 2023.

^(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
Industry Breakdown (% of the Fund’s Net Assets) as of October 31, 2023

Oil, Gas & Consumable Fuels			87.05

Energy Equipment & Services			12.80

Money Market Funds Plus Other Assets Less Liabilities			0.15

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


		17

Invesco S&P 500^® Equal Weight Financials ETF (RSPF)

October 31, 2023

(Unaudited)

Schedule of Investments^(a)


	Shares		Value
Common Stocks & Other Equity Interests-99.91%
Banks-19.96%
Bank of America Corp.		118,775	$	3,128,534
Citigroup, Inc.		83,286		3,288,964
Citizens Financial Group, Inc.		123,056		2,883,202
Comerica, Inc.^(b)		72,087		2,840,228
Fifth Third Bancorp		127,538		3,023,926
Huntington Bancshares, Inc.^(b)		309,856		2,990,110
JPMorgan Chase & Co.		23,510		3,269,301
KeyCorp		299,401		3,059,878
M&T Bank Corp.		27,766		3,130,617
PNC Financial Services Group, Inc. (The)		28,901		3,308,297
Regions Financial Corp.^(b)		187,969		2,731,190
Truist Financial Corp.		113,109		3,207,771
U.S. Bancorp		93,270		2,973,448
Wells Fargo & Co.		82,150		3,267,105
Zions Bancorporation N.A.^(b)		96,444		2,975,297

				46,077,868

Capital Markets-29.32%
Ameriprise Financial, Inc.		9,759		3,069,889
Bank of New York Mellon Corp. (The)		75,219		3,196,807
BlackRock, Inc.		4,889		2,993,437
Blackstone, Inc., Class A		29,895		2,760,803
Cboe Global Markets, Inc.		22,090		3,620,330
Charles Schwab Corp. (The)		56,760		2,953,791
CME Group, Inc., Class A		16,436		3,508,429
FactSet Research Systems, Inc.^(b)		7,875		3,401,134
Franklin Resources, Inc.^(b)		129,901		2,960,444
Goldman Sachs Group, Inc. (The)		10,391		3,154,812
Intercontinental Exchange, Inc.		29,292		3,147,132
Invesco Ltd.^(c)		218,004		2,827,512
MarketAxess Holdings, Inc.		14,858		3,175,897
Moody’s Corp.		9,919		3,055,052
Morgan Stanley		39,662		2,808,863
MSCI, Inc.		6,306		2,973,594
Nasdaq, Inc.		65,498		3,248,701
Northern Trust Corp.		44,103		2,906,829
Raymond James Financial, Inc.^(b)		31,673		3,022,871
S&P Global, Inc.		8,633		3,015,593
State Street Corp.		48,003		3,102,434
T. Rowe Price Group, Inc.^(b)		30,834		2,790,477

				67,694,831

Consumer Finance-5.48%
American Express Co.		21,390		3,123,582
Capital One Financial Corp.		33,714		3,414,891
Discover Financial Services		37,729		3,096,796
Synchrony Financial		107,669		3,020,116

				12,655,385

Financial Services-11.79%
Berkshire Hathaway, Inc., Class B^(d)		9,271		3,164,470
Fidelity National Information Services, Inc.		61,089		3,000,081
Fiserv, Inc.^(d)		27,707		3,151,671
FleetCor Technologies, Inc.^(d)		12,378		2,787,154
Global Payments, Inc.^(b)		26,758		2,842,235
Jack Henry & Associates, Inc.^(b)		22,238		3,135,336
Mastercard, Inc., Class A		8,129		3,059,349


	Shares		Value
Financial Services-(continued)
PayPal Holdings, Inc.^(d)		55,242	$	2,861,536
Visa, Inc., Class A^(b)		13,625		3,203,237

				27,205,069

Insurance-33.36%
Aflac, Inc.		45,162		3,527,604
Allstate Corp. (The)		31,828		4,078,122
American International Group, Inc.		56,665		3,474,131
Aon PLC, Class A.		10,092		3,122,465
Arch Capital Group Ltd.^(d)		43,740		3,791,383
Arthur J. Gallagher & Co.		14,806		3,486,665
Assurant, Inc.		24,435		3,638,371
Brown & Brown, Inc.		46,055		3,197,138
Chubb Ltd.		16,524		3,546,381
Cincinnati Financial Corp.		32,070		3,196,417
Everest Group Ltd.		9,106		3,602,516
Globe Life, Inc.		30,858		3,590,637
Hartford Financial Services Group, Inc. (The)		47,112		3,460,376
Loews Corp.		54,142		3,465,629
Marsh & McLennan Cos., Inc.		17,295		3,279,997
MetLife, Inc.		53,200		3,192,532
Principal Financial Group, Inc.^(b)		44,675		3,023,604
Progressive Corp. (The)		24,904		3,937,073
Prudential Financial, Inc.		35,418		3,238,622
Travelers Cos., Inc. (The)		21,147		3,540,854
W.R. Berkley Corp.		54,575		3,679,446
Willis Towers Watson PLC		16,657		3,929,220

				76,999,183

Total Common Stocks & Other Equity Interests (Cost $265,699,795)				230,632,336


Money Market Funds-0.01%
Invesco Government & Agency Portfolio, Institutional Class, 5.27%^(c)(e) (Cost $33,095)		33,095		33,095

TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-99.92% (Cost $265,732,890)				230,665,431


Investments Purchased with Cash Collateral from Securities on Loan

Money Market Funds-5.28%
Invesco Private Government Fund, 5.32%^(c)(e)(f)		3,412,966		3,412,966
Invesco Private Prime Fund, 5.53%^(c)(e)(f)		8,779,281		8,780,159

Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $12,192,816)				12,193,125

TOTAL INVESTMENTS IN SECURITIES-105.20% (Cost $277,925,706)				242,858,556
OTHER ASSETS LESS LIABILITIES-(5.20)%				(12,007,656	)

NET ASSETS-100.00%			$	230,850,900

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


		18

Invesco S&P 500^® Equal Weight Financials ETF (RSPF)–(continued)

October 31, 2023

(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)	All or a portion of this security was out on loan at October 31, 2023.

^(c)


	Value April 30, 2023			Purchases at Cost		Proceeds from Sales			Change in Unrealized Appreciation (Depreciation)				Realized Gain (Loss)			Value October 31, 2023			Dividend Income

Invesco Ltd.		$	4,495,323	$	325,400	$	(1,028,926	)		$	(835,082	)	$	(129,203	)		$	2,827,512	$	97,660

Investments in Affiliated Money Market Funds:

Invesco Government & Agency Portfolio, Institutional Class			149,370		2,171,969		(2,288,244	)			-			-				33,095		1,745

Investments Purchased with Cash Collateral from Securities on Loan:

Invesco Private Government Fund			3,782,109		46,013,438		(46,382,581	)			-			-				3,412,966		88,711	*

Invesco Private Prime Fund			9,725,423		91,660,788		(92,606,373	)			309			12				8,780,159		239,022	*


Total		$	18,152,225	$	140,171,595	$	(142,306,124	)		$	(834,773	)	$	(129,191	)		$	15,053,732	$	427,138

*	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)	Non-income producing security.

^(e)	The rate shown is the 7-day SEC standardized yield as of October 31, 2023.

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


Portfolio Composition
Industry Breakdown (% of the Fund’s Net Assets) as of October 31, 2023

Insurance			33.36

Capital Markets			29.32

Banks			19.96

Financial Services			11.79

Consumer Finance			5.48

Money Market Funds Plus Other Assets Less Liabilities			0.09

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


		19

Invesco S&P 500^® Equal Weight Health Care ETF (RSPH)

October 31, 2023

(Unaudited)

Schedule of Investments^(a)


	Shares		Value
Common Stocks & Other Equity Interests-100.03%
Biotechnology-12.80%
AbbVie, Inc.		97,709	$	13,794,557
Amgen, Inc.		56,134		14,353,464
Biogen, Inc.^(b)		56,231		13,357,112
Gilead Sciences, Inc.		191,618		15,049,678
Incyte Corp.^(b)		227,614		12,275,223
Moderna, Inc.^(b)(c)		135,292		10,276,780
Regeneron Pharmaceuticals, Inc.^(b)		17,543		13,681,610
Vertex Pharmaceuticals, Inc.^(b)		42,446		15,370,121

				108,158,545

Health Care Equipment & Supplies-30.34%
Abbott Laboratories		144,565		13,668,621
Align Technology, Inc.^(b)		43,841		8,092,610
Baxter International, Inc.		376,596		12,213,008
Becton, Dickinson and Co.		54,613		13,805,074
Boston Scientific Corp.^(b)		270,329		13,838,142
Cooper Cos., Inc. (The)		41,592		12,966,306
DENTSPLY SIRONA, Inc.		404,545		12,302,213
DexCom, Inc.^(b)		139,569		12,397,914
Edwards Lifesciences Corp.^(b)		196,631		12,529,327
GE HealthCare Technologies, Inc.		224,388		14,937,509
Hologic, Inc.^(b)		201,621		13,341,262
IDEXX Laboratories, Inc.^(b)		31,283		12,496,620
Insulet Corp.^(b)		84,694		11,227,884
Intuitive Surgical, Inc.^(b)		48,825		12,802,892
Medtronic PLC		182,134		12,851,375
ResMed, Inc.		98,424		13,899,437
STERIS PLC^(c)		65,370		13,726,393
Stryker Corp.		50,306		13,593,687
Teleflex, Inc.^(c)		70,433		13,012,497
Zimmer Biomet Holdings, Inc.		120,725		12,604,897

				256,307,668

Health Care Providers & Services-27.76%
Cardinal Health, Inc.		164,021		14,925,911
Cencora, Inc.^(c)		81,945		15,172,117
Centene Corp.^(b)		222,657		15,358,880
Cigna Group (The)		51,724		15,993,061
CVS Health Corp.		221,186		15,264,046
DaVita, Inc.^(b)		152,418		11,771,242
Elevance Health, Inc.		32,445		14,603,170
HCA Healthcare, Inc.		53,236		12,038,789
Henry Schein, Inc.^(b)		197,104		12,807,818
Humana, Inc.		31,152		16,313,991
Laboratory Corp. of America Holdings		71,617		14,304,063
McKesson Corp.		34,628		15,768,206
Molina Healthcare, Inc.^(b)(c)		45,433		15,126,917
Quest Diagnostics, Inc.		114,640		14,914,664
UnitedHealth Group, Inc.		30,298		16,226,397
Universal Health Services, Inc., Class B		110,766		13,944,332

				234,533,604


	Shares		Value
Life Sciences Tools & Services-17.09%
Agilent Technologies, Inc.		127,744	$	13,204,897
Bio-Rad Laboratories, Inc., Class A^(b)		40,701		11,204,171
Bio-Techne Corp.		202,785		11,078,145
Charles River Laboratories International, Inc.^(b)		72,912		12,275,464
Danaher Corp.		66,425		12,754,929
Illumina, Inc.^(b)		91,955		10,061,716
IQVIA Holdings, Inc.^(b)(c)		68,187		12,330,255
Mettler-Toledo International, Inc.^(b)		12,876		12,685,435
Revvity, Inc.		136,330		11,294,941
Thermo Fisher Scientific, Inc.		28,119		12,506,488
Waters Corp.^(b)(c)		55,242		13,176,874
West Pharmaceutical Services, Inc.		37,049		11,792,326

				144,365,641

Pharmaceuticals-12.04%
Bristol-Myers Squibb Co.		239,463		12,339,528
Catalent, Inc.^(b)		300,389		10,330,378
Eli Lilly and Co.		24,830		13,754,082
Johnson & Johnson.		90,719		13,457,256
Merck & Co., Inc.		133,561		13,716,715
Pfizer, Inc.		425,224		12,994,845
Viatris, Inc.		1,440,494		12,820,397
Zoetis, Inc.		78,378		12,305,346

				101,718,547

TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-100.03% (Cost $855,346,276)				845,084,005


Investments Purchased with Cash Collateral from Securities on Loan

Money Market Funds-0.90%
Invesco Private Government Fund, 5.32%^(d)(e)(f)		2,126,427		2,126,427
Invesco Private Prime Fund, 5.53%^(d)(e)(f)		5,470,812		5,471,359

Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $7,597,786)				7,597,786

TOTAL INVESTMENTS IN SECURITIES-100.93% (Cost $862,944,062)				852,681,791
OTHER ASSETS LESS LIABILITIES-(0.93)%				(7,848,484	)

NET ASSETS-100.00%.			$	844,833,307

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


		20

Invesco S&P 500^® Equal Weight Health Care ETF (RSPH)–(continued)

October 31, 2023

(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, 2023.

^(d)


	Value April 30, 2023			Purchases at Cost		Proceeds from Sales			Change in Unrealized Appreciation			Realized Gain (Loss)			Value October 31, 2023			Dividend Income

Investments in Affiliated Money Market Funds:

Invesco Government & Agency Portfolio, Institutional Class		$	924	$	4,160,254	$	(4,161,178	)		$	-	$	-			$	-	$	5,274

Investments Purchased with Cash Collateral from Securities on Loan:

Invesco Private Government Fund			12,963,050		122,429,539		(133,266,162	)			-		-				2,126,427		183,167	*

Invesco Private Prime Fund			26,010,926		245,118,541		(265,656,799	)			-		(1,309	)			5,471,359		474,170	*


Total		$	38,974,900	$	371,708,334	$	(403,084,139	)		$	-	$	(1,309	)		$	7,597,786	$	662,611

*	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, 2023.

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


Portfolio Composition
Industry Breakdown (% of the Fund’s Net Assets) as of October 31, 2023

Health Care Equipment & Supplies	30.34

Health Care Providers & Services	27.76

Life Sciences Tools & Services	17.09

Biotechnology	12.80

Pharmaceuticals	12.04

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.


		21

Invesco S&P 500^® Equal Weight Industrials ETF (RSPN)

October 31, 2023

(Unaudited)

Schedule of Investments^(a)


	Shares		Value
Common Stocks & Other Equity Interests-99.97%
Aerospace & Defense-15.54%
Axon Enterprise, Inc.^(b)		34,157	$	6,984,765
Boeing Co. (The)^(b)		34,716		6,485,643
General Dynamics Corp.		33,658		8,122,012
Howmet Aerospace, Inc.		153,910		6,787,431
Huntington Ingalls Industries, Inc.		34,787		7,646,878
L3Harris Technologies, Inc.		43,666		7,834,117
Lockheed Martin Corp.		17,335		7,881,184
Northrop Grumman Corp.		17,350		8,179,311
RTX Corp.^(c)		87,848		7,149,949
Textron, Inc.		97,009		7,372,684
TransDigm Group, Inc.^(b)		8,411		6,965,065

				81,409,039

Air Freight & Logistics-5.21%
C.H. Robinson Worldwide, Inc.		84,958		6,952,113
Expeditors International of Washington, Inc.		63,921		6,983,369
FedEx Corp.		28,954		6,951,856
United Parcel Service, Inc., Class B		45,540		6,432,525

				27,319,863

Building Products-7.59%
A.O. Smith Corp.		104,488		7,289,083
Allegion PLC		67,840		6,672,742
Carrier Global Corp.		125,020		5,958,453
Johnson Controls International PLC		127,876		6,268,482
Masco Corp.		130,421		6,793,630
Trane Technologies PLC		35,611		6,777,129

				39,759,519

Commercial Services & Supplies-8.31%
Cintas Corp.		14,815		7,512,983
Copart, Inc.^(b)		164,105		7,141,850
Republic Services, Inc.		50,158		7,447,961
Rollins, Inc.		203,092		7,638,290
Veralto Corp.^(b)		88,676		6,118,644
Waste Management, Inc.		46,876		7,703,133

				43,562,861

Construction & Engineering-1.13%
Quanta Services, Inc.		35,514		5,935,100


Electrical Equipment-7.12%
AMETEK, Inc.		47,649		6,707,550
Eaton Corp. PLC		31,057		6,457,061
Emerson Electric Co.		74,116		6,594,100
Generac Holdings, Inc.^(b)(c)		63,670		5,352,737
Hubbell, Inc.		21,082		5,694,248
Rockwell Automation, Inc.		24,707		6,493,247

				37,298,943

Ground Transportation-6.69%
CSX Corp.		244,867		7,309,280
J.B. Hunt Transport Services, Inc.		39,721		6,826,848
Norfolk Southern Corp.		37,489		7,152,527
Old Dominion Freight Line, Inc.		17,411		6,558,027
Union Pacific Corp.		34,628		7,189,119

				35,035,801

Industrial Conglomerates-3.95%
3M Co.		69,026		6,277,915


	Shares		Value
Industrial Conglomerates-(continued)
General Electric Co.		65,645	$	7,131,016
Honeywell International, Inc.		39,744		7,283,485

				20,692,416

Machinery-21.80%
Caterpillar, Inc.		25,982		5,873,231
Cummins, Inc.		31,224		6,753,751
Deere & Co.		18,349		6,703,991
Dover Corp.		51,608		6,706,460
Fortive Corp.^(c)		94,559		6,172,812
IDEX Corp.		33,937		6,495,881
Illinois Tool Works, Inc.		30,753		6,892,362
Ingersoll Rand, Inc.		105,645		6,410,539
Nordson Corp.		31,503		6,697,223
Otis Worldwide Corp.		88,671		6,846,288
PACCAR, Inc.		86,780		7,161,953
Parker-Hannifin Corp.		17,919		6,610,498
Pentair PLC		107,720		6,260,686
Snap-on, Inc.		28,234		7,282,678
Stanley Black & Decker, Inc.		80,597		6,854,775
Wabtec Corp.		68,819		7,296,190
Xylem, Inc.		77,020		7,204,451

				114,223,769

Passenger Airlines-5.39%
Alaska Air Group, Inc.^(b)		184,214		5,826,689
American Airlines Group, Inc.^(b)(c)		524,586		5,849,134
Delta Air Lines, Inc.		179,663		5,614,469
Southwest Airlines Co.^(c)		248,345		5,520,709
United Airlines Holdings, Inc.^(b)		154,587		5,412,091

				28,223,092

Professional Services-13.03%
Automatic Data Processing, Inc.		29,406		6,416,977
Broadridge Financial Solutions, Inc.		39,069		6,666,734
Ceridian HCM Holding, Inc.^(b)(c)		100,307		6,420,651
Equifax, Inc.		37,312		6,326,996
Jacobs Solutions, Inc.		56,098		7,477,864
Leidos Holdings, Inc.		76,551		7,587,735
Paychex, Inc.		60,839		6,756,171
Paycom Software, Inc.		25,796		6,319,246
Robert Half, Inc.		100,191		7,491,281
Verisk Analytics, Inc.		30,010		6,823,074

				68,286,729

Trading Companies & Distributors-4.21%
Fastenal Co.		134,536		7,848,830
United Rentals, Inc.^(c)		15,814		6,424,754
W.W. Grainger, Inc.		10,633		7,760,282

				22,033,866

Total Common Stocks & Other Equity Interests (Cost $537,216,860)				523,780,998

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


		22

Invesco S&P 500^® Equal Weight Industrials ETF (RSPN)–(continued)

October 31, 2023

(Unaudited)


	Shares		Value
Money Market Funds-0.01%
Invesco Government & Agency Portfolio, Institutional Class, 5.27%^(d)(e) (Cost $70,193)		70,193	$	70,193

TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-99.98% (Cost $537,287,053)				523,851,191


Investments Purchased with Cash Collateral from Securities on Loan

Money Market Funds-5.53%
Invesco Private Government Fund, 5.32%^(d)(e)(f)		8,106,792		8,106,792


	Shares		Value
Money Market Funds-(continued)
Invesco Private Prime Fund, 5.53%^(d)(e)(f)		20,850,377	$	20,852,462

Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $28,959,549)				28,959,254

TOTAL INVESTMENTS IN SECURITIES-105.51% (Cost $566,246,602)				552,810,445
OTHER ASSETS LESS LIABILITIES-(5.51)%				(28,876,072	)

NET ASSETS-100.00%			$	523,934,373

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, 2023.

^(d)


	Value April 30, 2023			Purchases at Cost		Proceeds from Sales			Change in Unrealized Appreciation (Depreciation)				Realized Gain			Value October 31, 2023			Dividend Income

Investments in Affiliated Money Market Funds:

Invesco Government & Agency Portfolio, Institutional Class		$	-	$	3,009,198	$	(2,939,005	)		$	-			$	-		$	70,193	$	2,180

Investments Purchased with Cash Collateral from Securities on Loan:

Invesco Private Government Fund			5,724,792		99,114,076		(96,732,076	)			-				-			8,106,792		171,753	*

Invesco Private Prime Fund			14,720,894		193,743,782		(187,612,014	)			(295	)			95			20,852,462		470,599	*


Total		$	20,445,686	$	295,867,056	$	(287,283,095	)		$	(295	)		$	95		$	29,029,447	$	644,532

*	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, 2023.

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

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


		23

Invesco S&P 500^® Equal Weight Industrials ETF (RSPN)–(continued)

October 31, 2023

(Unaudited)


Portfolio Composition
Industry Breakdown (% of the Fund’s Net Assets) as of October 31, 2023

Machinery			21.80

Aerospace & Defense			15.54

Professional Services			13.03

Commercial Services & Supplies			8.31

Building Products			7.59

Electrical Equipment			7.12

Ground Transportation			6.69

Passenger Airlines			5.39

Air Freight & Logistics			5.21

Trading Companies & Distributors			4.21

Industrial Conglomerates			3.95

Construction & Engineering			1.13

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.


		24

Invesco S&P 500^® Equal Weight Materials ETF (RSPM)

October 31, 2023

(Unaudited)

Schedule of Investments^(a)


	Shares		Value
Common Stocks & Other Equity Interests-99.99%
Chemicals-53.78%
Air Products and Chemicals, Inc.		32,997	$	9,319,673
Albemarle Corp.^(b)		53,407		6,770,939
Celanese Corp.^(b)		79,096		9,057,283
CF Industries Holdings, Inc.		117,640		9,385,319
Corteva, Inc.		198,682		9,564,551
Dow, Inc.		183,403		8,865,701
DuPont de Nemours, Inc.^(b)		130,627		9,520,096
Eastman Chemical Co.		123,867		9,256,581
Ecolab, Inc.		54,113		9,076,915
FMC Corp.		130,539		6,944,675
International Flavors & Fragrances, Inc.		143,326		9,796,332
Linde PLC		25,473		9,734,762
LyondellBasell Industries N.V., Class A		99,117		8,944,318
Mosaic Co. (The)		261,643		8,498,165
PPG Industries, Inc.		72,593		8,912,242
Sherwin-Williams Co. (The)		36,288		8,644,164

				142,291,716

Construction Materials-6.86%
Martin Marietta Materials, Inc.		22,487		9,195,834
Vulcan Materials Co.		45,551		8,950,316

				18,146,150

Containers & Packaging-25.36%
Amcor PLC		1,064,949		9,467,396
Avery Dennison Corp.		54,402		9,469,756
Ball Corp.		189,113		9,105,791
International Paper Co.		284,467		9,595,072
Packaging Corp. of America		67,214		10,287,103
Sealed Air Corp.		290,068		8,931,194
WestRock Co.		284,954		10,238,397

				67,094,709


	Shares		Value
Metals & Mining-13.99%
Freeport-McMoRan, Inc.		250,719	$	8,469,288
Newmont Corp.		254,345		9,530,307
Nucor Corp.		59,719		8,825,871
Steel Dynamics, Inc.		95,692		10,192,155

				37,017,621

TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-99.99% (Cost $332,352,448)				264,550,196


Investments Purchased with Cash Collateral from Securities on Loan

Money Market Funds-9.43%
Invesco Private Government Fund, 5.32%^(c)(d)(e)		6,982,687		6,982,687
Invesco Private Prime Fund, 5.53%^(c)(d)(e)		17,960,196		17,961,992

Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $24,944,376)				24,944,679

TOTAL INVESTMENTS IN SECURITIES-109.42% (Cost $357,296,824)				289,494,875
OTHER ASSETS LESS LIABILITIES-(9.42)%				(24,932,450	)

NET ASSETS-100.00%			$	264,562,425

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, 2023.

^(c)


	Value April 30, 2023			Purchases at Cost		Proceeds from Sales			Change in Unrealized Appreciation			Realized Gain			Value October 31, 2023			Dividend Income

Investments in Affiliated Money Market Funds:

Invesco Government & Agency Portfolio, Institutional Class		$	-	$	3,227,916	$	(3,227,916	)		$	-		$	-		$	-	$	2,887

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


		25

Invesco S&P 500^® Equal Weight Materials ETF (RSPM)–(continued)

October 31, 2023

(Unaudited)


	Value April 30, 2023			Purchases at Cost		Proceeds from Sales			Change in Unrealized Appreciation			Realized Gain			Value October 31, 2023			Dividend Income

Investments Purchased with Cash Collateral from Securities on Loan:

Invesco Private Government Fund		$	3,243,583	$	51,836,582	$	(48,097,478	)		$	-		$	-		$	6,982,687	$	130,519	*

Invesco Private Prime Fund			8,340,653		127,991,145		(118,373,246	)			987			2,453			17,961,992		349,852	*


Total		$	11,584,236	$	183,055,643	$	(169,698,640	)		$	987		$	2,453		$	24,944,679	$	483,258

*	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, 2023.

^(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
Industry Breakdown (% of the Fund’s Net Assets) as of October 31, 2023

Chemicals			53.78

Containers & Packaging			25.36

Metals & Mining			13.99

Construction Materials			6.86

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.


		26

Invesco S&P 500^® Equal Weight Real Estate ETF (RSPR)

October 31, 2023

(Unaudited)

Schedule of Investments^(a)


	Shares		Value
Common Stocks & Other Equity Interests-99.89%
Health Care REITs-9.99%
Healthpeak Properties, Inc.		139,318	$	2,166,396
Ventas, Inc.^(b)		65,817		2,794,590
Welltower, Inc.^(b)		33,765		2,823,091

				7,784,077

Hotel & Resort REITs-3.45%
Host Hotels & Resorts, Inc.		173,781		2,690,130


Industrial REITs-2.95%
Prologis, Inc.		22,769		2,293,977


Office REITs-5.78%
Alexandria Real Estate Equities, Inc.^(b)		24,254		2,258,775
Boston Properties, Inc.^(b)		41,892		2,244,154

				4,502,929

Real Estate Management & Development-6.10%
CBRE Group, Inc., Class A^(c)		32,725		2,269,151
CoStar Group, Inc.^(c)		33,777		2,479,569

				4,748,720

Residential REITs-21.98%
AvalonBay Communities, Inc.^(b)		15,558		2,578,583
Camden Property Trust		27,085		2,298,975
Equity Residential		44,518		2,463,181
Essex Property Trust, Inc.^(b)		12,382		2,648,757
Invitation Homes, Inc.		82,326		2,444,259
Mid-America Apartment Communities, Inc.		20,222		2,389,229
UDR, Inc.		72,147		2,294,996

				17,117,980

Retail REITs-16.67%
Federal Realty Investment Trust^(b)		28,575		2,605,754
Kimco Realty Corp.		150,114		2,693,045
Realty Income Corp.		50,418		2,388,805
Regency Centers Corp.		43,535		2,623,419
Simon Property Group, Inc.		24,334		2,674,064

				12,985,087

Specialized REITs-32.97%
American Tower Corp.		15,415		2,746,799

Investment Abbreviations:

REIT-Real Estate Investment Trust


	Shares		Value
Specialized REITs-(continued)
Crown Castle, Inc.		28,103	$	2,613,017
Digital Realty Trust, Inc.^(b)		21,460		2,668,766
Equinix, Inc.		3,617		2,639,108
Extra Space Storage, Inc.^(b)		22,068		2,286,024
Iron Mountain, Inc.		44,497		2,628,438
Public Storage		10,192		2,432,932
SBA Communications Corp., Class A		12,855		2,681,939
VICI Properties, Inc.		89,426		2,494,985
Weyerhaeuser Co.^(b)		86,890		2,492,874

				25,684,882

Total Common Stocks & Other Equity Interests (Cost $107,863,126)				77,807,782


Money Market Funds-0.11%
Invesco Government & Agency Portfolio, Institutional Class, 5.27%^(d)(e) (Cost $86,288)		86,288		86,288

TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-100.00% (Cost $107,949,414)				77,894,070


Investments Purchased with Cash Collateral from Securities on Loan

Money Market Funds-11.33%
Invesco Private Government Fund, 5.32%^(d)(e)(f)		2,210,529		2,210,529
Invesco Private Prime Fund, 5.53%^(d)(e)(f)		6,610,521		6,611,182

Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $8,822,015)				8,821,711

TOTAL INVESTMENTS IN SECURITIES-111.33% (Cost $116,771,429)				86,715,781
OTHER ASSETS LESS LIABILITIES-(11.33)%				(8,822,310	)

NET ASSETS-100.00%			$	77,893,471

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


		27

Invesco S&P 500^® Equal Weight Real Estate ETF (RSPR)–(continued)

October 31, 2023

(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)	All or a portion of this security was out on loan at October 31, 2023.

^(c)	Non-income producing security.

^(d)


	Value April 30, 2023			Purchases at Cost		Proceeds from Sales			Change in Unrealized Appreciation (Depreciation)				Realized Gain			Value October 31, 2023			Dividend Income

Investments in Affiliated Money Market Funds:

Invesco Government & Agency Portfolio, Institutional Class		$	-	$	1,637,050	$	(1,550,762	)		$	-			$	-		$	86,288	$	863

Investments Purchased with Cash Collateral from Securities on Loan:

Invesco Private Government Fund			2,274,652		28,439,617		(28,503,740	)			-				-			2,210,529		40,197	*

Invesco Private Prime Fund			5,849,106		67,283,820		(66,522,370	)			(304	)			930			6,611,182		108,268	*


Total		$	8,123,758	$	97,360,487	$	(96,576,872	)		$	(304	)		$	930		$	8,907,999	$	149,328

*	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, 2023.

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


Portfolio Composition
Industry Breakdown (% of the Fund’s Net Assets) as of October 31, 2023

Specialized REITs			32.97

Residential REITs			21.98

Retail REITs			16.67

Health Care REITs			9.99

Real Estate Management & Development			6.10

Office REITs			5.78

Hotel & Resort REITs			3.45

Industrial REITs			2.95

Money Market Funds Plus Other Assets Less Liabilities			0.11

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


		28

Invesco S&P 500^® Equal Weight Technology ETF (RSPT)

October 31, 2023

(Unaudited)

Schedule of Investments^(a)


	Shares		Value
Common Stocks & Other Equity Interests-99.99%
Communications Equipment-8.25%
Arista Networks, Inc.^(b)		251,861	$	50,465,389
Cisco Systems, Inc.		872,977		45,508,291
F5, Inc.^(b)		308,068		46,700,028
Juniper Networks, Inc.		1,702,249		45,824,543
Motorola Solutions, Inc.		175,074		48,751,106

				237,249,357

Electronic Equipment, Instruments & Components-12.44%
Amphenol Corp., Class A		575,916		46,390,034
CDW Corp.		232,688		46,630,675
Corning, Inc.		1,577,436		42,212,187
Keysight Technologies, Inc.^(b)		373,897		45,634,129
TE Connectivity Ltd.		386,893		45,595,340
Teledyne Technologies, Inc.^(b)		120,578		45,167,313
Trimble, Inc.^(b)		970,354		45,732,784
Zebra Technologies Corp., Class A^(b)		193,021		40,424,388

				357,786,850

IT Services-11.20%
Accenture PLC, Class A		152,038		45,168,969
Akamai Technologies, Inc.^(b)		472,445		48,817,742
Cognizant Technology Solutions Corp., Class A		693,635		44,718,649
EPAM Systems, Inc.^(b)		186,482		40,572,889
Gartner, Inc.^(b)		139,728		46,395,285
International Business Machines Corp.		335,077		48,465,537
VeriSign, Inc.^(b)		239,560		47,830,550

				321,969,621

Semiconductors & Semiconductor Equipment-31.02%
Advanced Micro Devices, Inc.^(b)		466,433		45,943,650
Analog Devices, Inc.		278,658		43,841,263
Applied Materials, Inc.		335,417		44,392,440
Broadcom, Inc.		57,657		48,510,870
Enphase Energy, Inc.^(b)(c)		411,464		32,744,305
First Solar, Inc.^(b)		270,095		38,475,033
Intel Corp.		1,301,881		47,518,656
KLA Corp.		99,416		46,695,695
Lam Research Corp.		73,983		43,518,280
Microchip Technology, Inc.		627,731		44,750,943
Micron Technology, Inc.		704,960		47,140,675
Monolithic Power Systems, Inc.		98,794		43,641,262
NVIDIA Corp.		108,584		44,280,555
NXP Semiconductors N.V. (China)		243,634		42,009,811
ON Semiconductor Corp.^(b)		505,159		31,643,160
Qorvo, Inc.^(b)		497,980		43,533,412
QUALCOMM, Inc.		465,925		50,781,166
Skyworks Solutions, Inc.		497,781		43,177,524
SolarEdge Technologies, Inc.^(b)(c)		332,447		25,249,350
Teradyne, Inc.^(c)		496,023		41,303,835
Texas Instruments, Inc.		300,346		42,652,135

				891,804,020

Software-27.40%
Adobe, Inc.^(b)		88,305		46,983,558


	Shares		Value
Software-(continued)
ANSYS, Inc.^(b)		157,341	$	43,781,707
Autodesk, Inc.^(b)		225,761		44,617,146
Cadence Design Systems, Inc.^(b)		207,841		49,850,664
Fair Isaac Corp.^(b)		54,998		46,521,158
Fortinet, Inc.^(b)		772,354		44,155,478
Gen Digital, Inc.		2,475,445		41,240,914
Intuit, Inc.		89,837		44,464,823
Microsoft Corp.		147,947		50,022,360
Oracle Corp.		391,733		40,505,192
Palo Alto Networks, Inc.^(b)(c)		198,933		48,344,698
PTC, Inc.^(b)		344,365		48,355,733
Roper Technologies, Inc.		100,603		49,151,608
Salesforce, Inc.^(b)		220,158		44,214,331
ServiceNow, Inc.^(b)		82,470		47,985,170
Synopsys, Inc.^(b)		107,776		50,594,366
Tyler Technologies, Inc.^(b)		126,098		47,021,944

				787,810,850

Technology Hardware, Storage & Peripherals-9.68%
Apple, Inc.		277,646		47,413,607
Hewlett Packard Enterprise Co.		2,852,584		43,872,742
HP, Inc.		1,680,285		44,241,904
NetApp, Inc.		625,671		45,536,335
Seagate Technology Holdings PLC^(c)		756,535		51,633,514
Western Digital Corp.^(b)		1,138,092		45,694,394

				278,392,496

Total Common Stocks & Other Equity Interests (Cost $2,877,814,386)				2,875,013,194


Money Market Funds-0.03%
Invesco Government & Agency Portfolio, Institutional Class, 5.27%^(d)(e) (Cost $767,974)		767,974		767,974

TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-100.02% (Cost $2,878,582,360)				2,875,781,168


Investments Purchased with Cash Collateral from Securities on Loan

Money Market Funds-5.05%
Invesco Private Government Fund, 5.32%^(d)(e)(f)		33,941,400		33,941,400
Invesco Private Prime Fund, 5.53%^(d)(e)(f)		111,401,154		111,412,294

Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $145,352,588)				145,353,694

TOTAL INVESTMENTS IN SECURITIES-105.07% (Cost $3,023,934,948)				3,021,134,862
OTHER ASSETS LESS LIABILITIES-(5.07)%				(145,780,339	)

NET ASSETS-100.00%			$	2,875,354,523

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


		29

Invesco S&P 500^® Equal Weight Technology ETF (RSPT)–(continued)

October 31, 2023

(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, 2023.

^(d)


	Value April 30, 2023		Purchases at Cost		Proceeds from Sales			Change in Unrealized Appreciation			Realized Gain			Value October 31, 2023			Dividend Income

Investments in Affiliated Money Market Funds:

Invesco Government & Agency Portfolio, Institutional Class	$	1,549,245	$	7,986,780	$	(8,768,051	)		$	-		$	-		$	767,974	$	8,092

Investments Purchased with Cash Collateral from Securities on Loan:

Invesco Private Government Fund		29,707,142		304,798,627		(300,564,369	)			-			-			33,941,400		839,244	*

Invesco Private Prime Fund		76,389,794		570,730,583		(535,719,082	)			4,340			6,659			111,412,294		2,236,670	*


Total	$	107,646,181	$	883,515,990	$	(845,051,502	)		$	4,340		$	6,659		$	146,121,668	$	3,084,006

*	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, 2023.

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


Portfolio Composition
Industry Breakdown (% of the Fund’s Net Assets) as of October 31, 2023

Semiconductors & Semiconductor Equipment			31.02

Software			27.40

Electronic Equipment, Instruments & Components			12.44

IT Services			11.20

Technology Hardware, Storage & Peripherals			9.68

Communications Equipment			8.25

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.


		30

Invesco S&P 500^® Equal Weight Utilities ETF (RSPU)

October 31, 2023

(Unaudited)

Schedule of Investments^(a)


	Shares		Value
Common Stocks & Other Equity Interests-99.87%
Electric Utilities-57.40%
Alliant Energy Corp.		180,611	$	8,812,011
American Electric Power Co., Inc.		118,137		8,924,069
Constellation Energy Corp.		84,532		9,545,353
Duke Energy Corp.		100,880		8,967,223
Edison International		131,567		8,296,615
Entergy Corp.		96,401		9,214,972
Evergy, Inc.		169,737		8,340,876
Eversource Energy		147,480		7,932,949
Exelon Corp.		225,618		8,785,565
FirstEnergy Corp.		257,779		9,176,932
NextEra Energy, Inc.		136,980		7,985,934
NRG Energy, Inc.		232,391		9,848,731
PG&E Corp.^(b)(c)		541,508		8,826,580
Pinnacle West Capital Corp.		119,839		8,889,657
PPL Corp.		371,029		9,116,183
Southern Co. (The)		134,889		9,078,030
Xcel Energy, Inc.		160,901		9,536,602

				151,278,282

Gas Utilities-3.28%
Atmos Energy Corp.^(c)		80,411		8,657,048


Independent Power and Renewable Electricity Producers-3.00%
AES Corp. (The)		530,107		7,898,595


Multi-Utilities-33.21%
Ameren Corp.		115,318		8,730,726
CenterPoint Energy, Inc.		324,591		8,725,006
CMS Energy Corp.		164,096		8,916,977
Consolidated Edison, Inc.		102,810		9,025,690
Dominion Energy, Inc.		194,895		7,858,166


	Shares		Value
Multi-Utilities-(continued)
DTE Energy Co.		89,173	$	8,594,494
NiSource, Inc.		339,408		8,539,505
Public Service Enterprise Group, Inc.		150,613		9,285,291
Sempra.		128,890		9,026,167
WEC Energy Group, Inc.		108,451		8,826,827

				87,528,849

Water Utilities-2.98%
American Water Works Co., Inc.		66,680		7,844,902

TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-99.87% (Cost $312,503,451)				263,207,676


Investments Purchased with Cash Collateral from Securities on Loan

Money Market Funds-5.44%
Invesco Private Government Fund, 5.32%^(d)(e)(f)		4,012,836		4,012,836
Invesco Private Prime Fund, 5.53%^(d)(e)(f)		10,318,710		10,319,742

Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $14,332,578)				14,332,578

TOTAL INVESTMENTS IN SECURITIES-105.31% (Cost $326,836,029)				277,540,254
OTHER ASSETS LESS LIABILITIES-(5.31)%				(13,993,563	)

NET ASSETS-100.00%.			$	263,546,691

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, 2023.

^(d)


	Value April 30, 2023			Purchases at Cost		Proceeds from Sales			Change in Unrealized Appreciation			Realized Gain			Value October 31, 2023			Dividend Income

Investments in Affiliated Money Market Funds:

Invesco Government & Agency Portfolio, Institutional Class		$	-	$	5,596,430	$	(5,596,430	)		$	-		$	-		$	-	$	3,201

Investments Purchased with Cash Collateral from Securities on Loan:

Invesco Private Government Fund			5,960,965		66,009,254		(67,957,383	)			-			-			4,012,836		57,758	*

Invesco Private Prime Fund			15,328,610		155,780,358		(160,790,360	)			-			1,134			10,319,742		159,858	*


Total		$	21,289,575	$	227,386,042	$	(234,344,173	)		$	-		$	1,134		$	14,332,578	$	220,817

*	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.

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


		31

Invesco S&P 500^® Equal Weight Utilities ETF (RSPU)–(continued)

October 31, 2023

(Unaudited)

^(e)	The rate shown is the 7-day SEC standardized yield as of October 31, 2023.

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


Portfolio Composition
Industry Breakdown (% of the Fund’s Net Assets) as of October 31, 2023

Electric Utilities			57.40

Multi-Utilities			33.21

Gas Utilities			3.28

Independent Power and Renewable Electricity Producers			3.00

Water Utilities			2.98

Money Market Funds Plus Other Assets Less Liabilities			0.13

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


		32

Invesco S&P MidCap 400^® GARP ETF (GRPM)

October 31, 2023

(Unaudited)

Schedule of Investments^(a)


	Shares		Value
Common Stocks & Other Equity Interests-99.97%
Communication Services-0.94%
TEGNA, Inc.		128,697	$	1,867,392


Consumer Discretionary-26.87%
AutoNation, Inc.^(b)		27,219		3,540,648
Brunswick Corp.^(c)		48,005		3,334,907
Capri Holdings Ltd.^(b)		55,285		2,829,486
Crocs, Inc.^(b)(c)		40,954		3,658,011
Deckers Outdoor Corp.^(b)		5,984		3,572,807
Dick’s Sporting Goods, Inc.^(c)		20,831		2,227,875
Grand Canyon Education, Inc.^(b)		23,598		2,792,351
KB Home		55,737		2,463,575
Light & Wonder, Inc.^(b)		42,270		3,090,360
Lithia Motors, Inc., Class A		13,222		3,202,501
Murphy USA, Inc.		16,416		5,953,919
Taylor Morrison Home Corp., Class A^(b)(c)		63,485		2,432,745
Thor Industries, Inc.		46,761		4,111,695
Toll Brothers, Inc.		41,288		2,919,475
TopBuild Corp.^(b)		15,613		3,571,630
Williams-Sonoma, Inc.		23,911		3,592,389

				53,294,374

Consumer Staples-1.65%
Coca-Cola Consolidated, Inc.		5,158		3,282,603


Energy-18.85%
Antero Resources Corp.^(b)		205,134		6,039,145
Chord Energy Corp.^(c)		38,216		6,317,869
HF Sinclair Corp.		69,318		3,838,831
Matador Resources Co.		112,703		6,952,648
PBF Energy, Inc., Class A		101,247		4,812,270
Range Resources Corp.^(c)		127,615		4,573,722
Southwestern Energy Co.^(b)		682,146		4,863,701

				37,398,186

Financials-4.09%
Affiliated Managers Group, Inc.		24,242		2,975,948
East West Bancorp, Inc.		40,759		2,185,498
RLI Corp.		22,209		2,959,127

				8,120,573

Health Care-5.11%
Azenta, Inc.^(b)(c)		67,406		3,063,603
Medpace Holdings, Inc.^(b)		14,696		3,566,278
Shockwave Medical, Inc.^(b)(c)		16,954		3,496,932

				10,126,813

Industrials-18.44%
Advanced Drainage Systems, Inc.		24,012		2,565,202
AGCO Corp.		25,232		2,893,101
Builders FirstSource, Inc.^(b)		39,146		4,248,124
Landstar System, Inc.		17,414		2,869,479
Owens Corning		23,508		2,665,102
Ryder System, Inc.		44,618		4,352,040
Saia, Inc.^(b)		8,826		3,164,033
Simpson Manufacturing Co., Inc.		25,342		3,375,047
Toro Co. (The)		20,592		1,664,657


	Shares		Value
Industrials-(continued)
Trex Co., Inc.^(b)(c)		38,257	$	2,150,426
UFP Industries, Inc.^(c)		44,382		4,223,835
Watsco, Inc.^(c)		6,892		2,404,550

				36,575,596

Information Technology-10.84%
Amkor Technology, Inc.		133,867		2,792,466
Arrow Electronics, Inc.^(b)		29,548		3,351,039
Avnet, Inc.		55,955		2,592,395
Cirrus Logic, Inc.^(b)		28,006		1,874,441
Jabil, Inc.		28,335		3,479,538
Lattice Semiconductor Corp.^(b)		36,087		2,006,798
Qualys, Inc.^(b)(c)		18,332		2,803,879
Super Micro Computer, Inc.^(b)(c)		10,904		2,611,181

				21,511,737

Materials-13.18%
Commercial Metals Co.		65,324		2,762,552
Eagle Materials, Inc.		22,631		3,483,137
Greif, Inc., Class A^(c)		33,049		2,098,612
Louisiana-Pacific Corp.		91,944		4,714,888
Olin Corp.		81,376		3,476,383
Reliance Steel & Aluminum Co.		12,024		3,058,665
Westlake Corp.^(c)		33,404		3,853,485
Worthington Industries, Inc.		43,751		2,695,937

				26,143,659

Total Common Stocks & Other Equity Interests (Cost $213,046,815)				198,320,933


Money Market Funds-0.01%
Invesco Government & Agency Portfolio, Institutional Class, 5.27%^(d)(e) (Cost $23,258)		23,258		23,258

TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-99.98% (Cost $213,070,073)				198,344,191


Investments Purchased with Cash Collateral from Securities on Loan

Money Market Funds-16.25%
Invesco Private Government Fund, 5.32%^(d)(e)(f)		9,022,793		9,022,793
Invesco Private Prime Fund, 5.53%^(d)(e)(f)		23,205,243		23,207,564

Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $32,229,870)				32,230,357

TOTAL INVESTMENTS IN SECURITIES-116.23% (Cost $245,299,943)				230,574,548
OTHER ASSETS LESS LIABILITIES-(16.23)%				(32,199,996	)

NET ASSETS-100.00%			$	198,374,552

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


		33

Invesco S&P MidCap 400^® GARP ETF (GRPM)–(continued)

October 31, 2023

(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, 2023.

^(d)


	Value April 30, 2023			Purchases at Cost		Proceeds from Sales			Change in Unrealized Appreciation			Realized Gain (Loss)				Value October 31, 2023			Dividend Income

Investments in Affiliated Money Market Funds:

Invesco Government & Agency Portfolio, Institutional Class		$	175,345	$	1,839,056	$	(1,991,143	)		$	-		$	-			$	23,258	$	1,428

Investments Purchased with Cash Collateral from Securities on Loan:

Invesco Private Government Fund			13,122,643		78,858,515		(82,958,365	)			-			-				9,022,793		311,602	*

Invesco Private Prime Fund			33,616,496		155,055,776		(165,467,991	)			3,290			(7	)			23,207,564		826,908	*


Total		$	46,914,484	$	235,753,347	$	(250,417,499	)		$	3,290		$	(7	)		$	32,253,615	$	1,139,938

*	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, 2023.

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


Portfolio Composition
Sector Breakdown (% of the Fund’s Net Assets) as of October 31, 2023

Consumer Discretionary			26.87

Energy			18.85

Industrials			18.44

Materials			13.18

Information Technology			10.84

Health Care			5.11

Financials			4.09

Sector Types Each Less Than 3%			2.59

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.


		34

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		35

Statements of Assets and Liabilities

October 31, 2023

(Unaudited)


	Invesco S&P 500^® Equal Weight ETF (RSP)				Invesco S&P 500^® Equal Weight Communication Services ETF (RSPC)				Invesco S&P 500^® Equal Weight Consumer Discretionary ETF (RSPD)				Invesco S&P 500^® Equal Weight Consumer Staples ETF (RSPS)
Assets:
Unaffiliated investments in securities, at value^(a)		$	38,133,849,738			$	49,284,871			$	366,483,644			$	533,427,935
Affiliated investments in securities, at value			2,150,378,381				2,760,884				45,208,056				14,301,923
Receivable for:
Dividends and interest			32,534,141				93,340				319,540				566,919
Securities lending			238,685				600				7,259				3,385
Investments sold			270,086,281				-				29,764,818				-
Fund shares sold			133,340,062				-				-				-

Total assets			40,720,427,288				52,139,695				441,783,317				548,300,162


Liabilities:
Due to custodian			166,411				80,202				22,519				89,296
Payable for:
Investments purchased			132,766,003				-				150,977				-
Investments purchased - affiliated broker			-				-				-				-
Collateral upon return of securities loaned			2,076,921,004				2,761,068				45,207,049				14,301,923
Fund shares repurchased			271,275,780				-				29,566,237				-
Accrued unitary management fees			6,628,264				16,937				171,649				183,294

Total liabilities			2,487,757,462				2,858,207				75,118,431				14,574,513

Net Assets		$	38,232,669,826			$	49,281,488			$	366,664,886			$	533,725,649


Net assets consist of:
Shares of beneficial interest		$	45,069,689,088			$	60,324,686			$	554,560,268			$	685,300,828
Distributable earnings (loss)			(6,837,019,262	)			(11,043,198	)			(187,895,382	)			(151,575,179	)

Net Assets		$	38,232,669,826			$	49,281,488			$	366,664,886			$	533,725,649

Shares outstanding (unlimited amount authorized, $0.01 par value)			281,392,663				1,900,001				9,380,000				18,370,000
Net asset value		$	135.87			$	25.94			$	39.09			$	29.05

Market price		$	135.87			$	25.94			$	39.10			$	29.06

Unaffiliated investments in securities, at cost		$	41,922,973,948			$	56,605,169			$	451,616,221			$	640,826,225

Affiliated investments in securities, at cost		$	2,187,747,100			$	2,761,068			$	45,207,049			$	14,301,923

^(a)Includes securities on loan with an aggregate value of:		$	2,036,992,880			$	2,680,310			$	43,589,282			$	14,169,071

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


		36


Invesco S&P 500^® Equal Weight Energy ETF (RSPG)				Invesco S&P 500^® Equal Weight Financials ETF (RSPF)				Invesco S&P 500^® Equal Weight Health Care ETF (RSPH)				Invesco S&P 500^® Equal Weight Industrials ETF (RSPN)				Invesco S&P 500^® Equal Weight Materials ETF (RSPM)				Invesco S&P 500^® Equal Weight Real Estate ETF (RSPR)				Invesco S&P 500^® Equal Weight Technology ETF (RSPT)

	$	614,055,492			$	227,804,824			$	845,084,005			$	523,780,998			$	264,550,196			$	77,807,782			$	2,875,013,194
		517,180				15,053,732				7,597,786				29,029,447				24,944,679				8,907,999				146,121,668

		1,203,810				264,701				539,091				265,180				182,660				25,445				588,483
		2,234				1,702				2,962				3,889				3,281				697				18,090
		-				-				3,306,207				-				-				-				7,136,921
		1,503,565				-				-				-				-				-				-

		617,282,281				243,124,959				856,530,051				553,079,514				289,680,816				86,741,923				3,028,878,356



		-				-				487,568				3,554				82,056				-				3,191

		1,718,734				-				-				-				-				-				-
		281,957				-				-				-				-				-				-
		113,688				12,192,816				7,597,786				28,959,549				24,944,376				8,822,015				145,352,588
		-				-				3,305,977				-				-				-				7,155,358
		207,265				81,243				305,413				182,038				91,959				26,437				1,012,696

		2,321,644				12,274,059				11,696,744				29,145,141				25,118,391				8,848,452				153,523,833

	$	614,960,637			$	230,850,900			$	844,833,307			$	523,934,373			$	264,562,425			$	77,893,471			$	2,875,354,523



	$	713,588,872			$	350,715,638			$	936,947,100			$	585,995,177			$	375,952,380			$	119,575,423			$	3,080,116,869
		(98,628,235	)			(119,864,738	)			(92,113,793	)			(62,060,804	)			(111,389,955	)			(41,681,952	)			(204,762,346	)

	$	614,960,637			$	230,850,900			$	844,833,307			$	523,934,373			$	264,562,425			$	77,893,471			$	2,875,354,523


		8,180,005				4,670,000				33,110,000				14,220,000				8,960,000				2,830,000				107,890,000
	$	75.18			$	49.43			$	25.52			$	36.84			$	29.53			$	27.52			$	26.65

	$	75.18			$	49.41			$	25.51			$	36.85			$	29.54			$	27.54			$	26.65

	$	553,018,565			$	260,438,446			$	855,346,276			$	537,216,860			$	332,352,448			$	107,863,126			$	2,877,814,386

	$	517,188			$	17,487,260			$	7,597,786			$	29,029,742			$	24,944,376			$	8,908,303			$	146,120,562

	$	113,027			$	12,078,836			$	7,535,972			$	28,620,399			$	24,405,755			$	8,682,723			$	143,524,868


		37

Statements of Assets and Liabilities–(continued)

October 31, 2023

(Unaudited)


	Invesco S&P 500^® Equal Weight Utilities ETF (RSPU)				Invesco S&P MidCap 400^® GARP ETF (GRPM)
Assets:
Unaffiliated investments in securities, at value^(a)		$	263,207,676			$	198,320,933
Affiliated investments in securities, at value			14,332,578				32,253,615
Receivable for:
Dividends and interest			447,809				88,805
Securities lending			1,334				4,088
Fund shares sold			-				7,423,962

Total assets			277,989,397				238,091,403


Liabilities:
Due to custodian			19,135				204
Payable for:
Investments purchased			-				7,425,078
Collateral upon return of securities loaned			14,332,578				32,229,870
Accrued unitary management fees			90,993				61,699

Total liabilities			14,442,706				39,716,851

Net Assets		$	263,546,691			$	198,374,552


Net assets consist of:
Shares of beneficial interest		$	348,793,945			$	236,334,417
Distributable earnings (loss)			(85,247,254	)			(37,959,865	)

Net Assets		$	263,546,691			$	198,374,552

Shares outstanding (unlimited amount authorized, $0.01 par value)			5,170,000				2,380,000
Net asset value		$	50.98			$	83.35

Market price		$	51.00			$	83.33

Unaffiliated investments in securities, at cost		$	312,503,451			$	213,046,815

Affiliated investments in securities, at cost		$	14,332,578			$	32,253,128

^(a)Includes securities on loan with an aggregate value of:		$	14,092,838			$	32,088,369

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


		38

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		39

Statements of Operations

For the six months ended October 31, 2023

(Unaudited)


	Invesco S&P 500^® Equal Weight ETF (RSP)				Invesco S&P 500^® Equal Weight Communication Services ETF (RSPC)				Invesco S&P 500^® Equal Weight Consumer Discretionary ETF (RSPD)				Invesco S&P 500^® Equal Weight Consumer Staples ETF (RSPS)
Investment income:
Unaffiliated dividend income		$	392,684,548			$	470,469			$	3,516,286			$	10,291,215
Affiliated dividend income			1,982,756				2,633				3,497				4,683
Securities lending income, net			1,444,106				5,667				51,506				18,292
Foreign withholding tax			(126,195	)			-				-				-

Total investment income			395,985,215				478,769				3,571,289				10,314,190


Expenses:
Unitary management fees			39,086,689				142,418				998,773				1,530,336

Less: Waivers			(4,011	)			(39	)			(79	)			(126	)

Net expenses			39,082,678				142,379				998,694				1,530,210

Net investment income			356,902,537				336,390				2,572,595				8,783,980


Realized and unrealized gain (loss) from:
Net realized gain (loss) from:
Unaffiliated investment securities			(641,615,990	)			(3,790,752	)			(30,218,314	)			(5,350,681	)
Affiliated investment securities			142,326				(248	)			2,109				5,811
Unaffiliated in-kind redemptions			1,428,843,129				8,865,780				8,251,098				48,269,641
Affiliated in-kind redemptions			50,891				-				-				-

Net realized gain (loss)			787,420,356				5,074,780				(21,965,107	)			42,924,771

Change in net unrealized appreciation (depreciation) of:
Unaffiliated investment securities			(3,610,816,925	)			(5,398,621	)			(28,139,176	)			(188,394,603	)
Affiliated investment securities			(21,579,074	)			(21	)			5,561				-

Change in net unrealized appreciation (depreciation)			(3,632,395,999	)			(5,398,642	)			(28,133,615	)			(188,394,603	)

Net realized and unrealized gain (loss)			(2,844,975,643	)			(323,862	)			(50,098,722	)			(145,469,832	)

Net increase (decrease) in net assets resulting from operations		$	(2,488,073,106	)		$	12,528			$	(47,526,127	)		$	(136,685,852	)

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


		40


Invesco S&P 500^® Equal Weight Energy ETF (RSPG)				Invesco S&P 500^® Equal Weight Financials ETF (RSPF)				Invesco S&P 500^® Equal Weight Health Care ETF (RSPH)				Invesco S&P 500^® Equal Weight Industrials ETF (RSPN)				Invesco S&P 500^® Equal Weight Materials ETF (RSPM)				Invesco S&P 500^® Equal Weight Real Estate ETF (RSPR)				Invesco S&P 500^® Equal Weight Technology ETF (RSPT)

	$	8,535,087			$	3,559,244			$	5,494,122			$	3,561,525			$	3,845,092			$	1,785,429			$	15,352,694
		4,326				99,405				5,274				2,180				2,887				863				8,092
		14,286				12,876				33,094				16,193				11,434				3,662				75,226
		-				-				-				-				-				-				(73,286	)

		8,553,699				3,671,525				5,532,490				3,579,898				3,859,413				1,789,954				15,362,726



		1,076,392				545,232				1,970,712				994,712				610,572				187,259				5,968,686

		(106	)			(43	)			(109	)			(52	)			(68	)			(23	)			(184	)

		1,076,286				545,189				1,970,603				994,660				610,504				187,236				5,968,502

		7,477,413				3,126,336				3,561,887				2,585,238				3,248,909				1,602,718				9,394,224




		(339,643	)			(13,629,944	)			(12,767,333	)			(2,440,702	)			(2,863,103	)			(2,002,264	)			(25,545,497	)
		1,816				12				(1,309	)			95				2,453				930				6,659
		18,195,622				3,173,749				35,369,748				4,058,717				2,553,304				(2,419,414	)			135,077,038
		-				(129,203	)			-				-				-				-				-

		17,857,795				(10,585,386	)			22,601,106				1,618,110				(307,346	)			(4,420,748	)			109,538,200


		16,121,564				3,666,465				(172,451,935	)			(17,508,039	)			(23,544,846	)			(4,897,338	)			(63,203,774	)
		(8	)			(834,773	)			-				(295	)			987				(304	)			4,340

		16,121,556				2,831,692				(172,451,935	)			(17,508,334	)			(23,543,859	)			(4,897,642	)			(63,199,434	)

		33,979,351				(7,753,694	)			(149,850,829	)			(15,890,224	)			(23,851,205	)			(9,318,390	)			46,338,766

	$	41,456,764			$	(4,627,358	)		$	(146,288,942	)		$	(13,304,986	)		$	(20,602,296	)		$	(7,715,672	)		$	55,732,990


		41

Statements of Operations–(continued)

For the six months ended October 31, 2023

(Unaudited)



	Invesco S&P 500^® Equal Weight Utilities ETF (RSPU)				Invesco S&P MidCap 400^® GARP ETF (GRPM)
Investment income:
Unaffiliated dividend income		$	5,836,354			$	1,498,682
Affiliated dividend income			3,201				1,428
Securities lending income, net			6,807				38,568

Total investment income			5,846,362				1,538,678


Expenses:
Unitary management fees			678,440				416,483

Less: Waivers			(81	)			(32	)

Net expenses			678,359				416,451

Net investment income			5,168,003				1,122,227


Realized and unrealized gain (loss) from:
Net realized gain (loss) from:
Unaffiliated investment securities			(517,427	)			(11,155,031	)
Affiliated investment securities			1,134				(7	)
In-kind redemptions			512,591				22,854,625

Net realized gain (loss)			(3,702	)			11,699,587

Change in net unrealized appreciation (depreciation) of:
Unaffiliated investment securities			(42,722,478	)			(21,236,960	)
Affiliated investment securities			-				3,290

Change in net unrealized appreciation (depreciation)			(42,722,478	)			(21,233,670	)

Net realized and unrealized gain (loss)			(42,726,180	)			(9,534,083	)

Net increase (decrease) in net assets resulting from operations		$	(37,558,177	)		$	(8,411,856	)

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


		42

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		43

Statements of Changes in Net Assets

For the six months ended October 31, 2023 and the year ended April 30, 2023

(Unaudited)


	Invesco S&P 500^®Equal Weight ETF (RSP)								Invesco S&P 500^®Equal Weight Communication Services ETF (RSPC)
	Six Months Ended October 31, 2023				Year Ended April 30, 2023				Six Months Ended October 31, 2023				Year Ended April 30, 2023
Operations:
Net investment income		$	356,902,537			$	548,015,528			$	336,390			$	582,963
Net realized gain (loss)			787,420,356				292,844,284				5,074,780				(6,592,270	)
Change in net unrealized appreciation (depreciation)			(3,632,395,999	)			(834,642,251	)			(5,398,642	)			7,065,664

Net increase (decrease) in net assets resulting from operations			(2,488,073,106	)			6,217,561				12,528				1,056,357


Distributions to Shareholders from:
Distributable earnings			(339,415,311	)			(585,873,061	)			(267,578	)			(571,708	)


Shareholder Transactions:
Proceeds from shares sold			16,439,983,939				11,372,499,401				10,372,339				93,942,544
Value of shares repurchased			(9,132,135,283	)			(9,355,432,438	)			(83,219,534	)			(10,193,991	)

Net increase (decrease) in net assets resulting from share transactions			7,307,848,656				2,017,066,963				(72,847,195	)			83,748,553

Net increase (decrease) in net assets			4,480,360,239				1,437,411,463				(73,102,245	)			84,233,202


Net assets:
Beginning of period			33,752,309,587				32,314,898,124				122,383,733				38,150,531

End of period		$	38,232,669,826			$	33,752,309,587			$	49,281,488			$	122,383,733


Changes in Shares Outstanding:
Shares sold			112,230,000				79,520,000				370,000				3,580,000
Shares repurchased			(63,440,000	)			(66,030,000	)			(2,950,000	)			(370,000	)
Shares outstanding, beginning of period			232,602,663				219,112,663				4,480,001				1,270,001

Shares outstanding, end of period			281,392,663				232,602,663				1,900,001				4,480,001

^(a)	Changes in shares outstanding have been restated to reflect a three-for-one stock split effective after the close of business on July 14, 2023. See Note 10.

^(b)	Changes in shares outstanding have been restated to reflect a five-for-one stock split effective after the close of business on July 14, 2023. See Note 10.

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


		44


Invesco S&P 500^®Equal Weight Consumer Discretionary ETF (RSPD)								Invesco S&P 500^®Equal Weight Consumer Staples ETF (RSPS)								Invesco S&P 500^®Equal Weight Energy ETF (RSPG)
Six Months Ended October 31, 2023				Year Ended April 30, 2023				Six Months Ended October 31, 2023				Year Ended April 30, 2023				Six Months Ended October 31, 2023				Year Ended April 30, 2023

	$	2,572,595			$	5,316,212			$	8,783,980			$	14,722,913			$	7,477,413			$	19,727,176
		(21,965,107	)			(24,456,809	)			42,924,771				18,568,527				17,857,795				78,783,817
		(28,133,615	)			25,970,421				(188,394,603	)			4,693,140				16,121,556				(65,294,000	)

		(47,526,127	)			6,829,824				(136,685,852	)			37,984,580				41,456,764				33,216,993



		(2,934,903	)			(4,975,114	)			(8,629,061	)			(16,231,924	)			(6,270,080	)			(20,903,859	)



		143,223,826				600,354,617				70,749,636				659,074,268				129,131,059				280,820,649
		(217,850,424	)			(476,620,320	)			(492,184,746	)			(164,978,667	)			(79,690,981	)			(306,984,789	)


		(74,626,598	)			123,734,297				(421,435,110	)			494,095,601				49,440,078				(26,164,140	)

		(125,087,628	)			125,589,007				(566,750,023	)			515,848,257				84,626,762				(13,851,006	)



		491,752,514				366,163,507				1,100,475,672				584,627,415				530,333,875				544,184,881

	$	366,664,886			$	491,752,514			$	533,725,649			$	1,100,475,672			$	614,960,637			$	530,333,875



		3,320,000	^(a)			14,880,000	^(a)			2,020,000	^(b)			19,450,000	^(b)			1,710,000				3,950,000
		(5,310,000	)^(a)			(12,090,000	)^(a)			(14,900,000	)^(b)			(4,950,000	)^(b)			(1,140,000	)			(4,610,000	)
		11,370,000	^(a)			8,580,000	^(a)			31,250,000	^(b)			16,750,000	^(b)			7,610,005				8,270,005

		9,380,000	^(a)			11,370,000	^(a)			18,370,000	^(b)			31,250,000	^(b)			8,180,005				7,610,005


		45

Statements of Changes in Net Assets–(continued)

For the six months ended October 31, 2023 and the year ended April 30, 2023

(Unaudited)


	Invesco S&P 500^®Equal Weight Financials ETF (RSPF)								Invesco S&P 500^®Equal Weight Health Care ETF (RSPH)
	Six Months Ended October 31, 2023				Year Ended April 30, 2023				Six Months Ended October 31, 2023				Year Ended April 30, 2023
Operations:
Net investment income		$	3,126,336			$	8,525,806			$	3,561,887			$	6,052,626
Net realized gain (loss)			(10,585,386	)			(23,969,797	)			22,601,106				(1,547,395	)
Change in net unrealized appreciation (depreciation)			2,831,692				(25,103,855	)			(172,451,935	)			63,424,325

Net increase (decrease) in net assets resulting from operations			(4,627,358	)			(40,547,846	)			(146,288,942	)			67,929,556


Distributions to Shareholders from:
Distributable earnings			(3,285,501	)			(8,617,035	)			(3,397,927	)			(5,972,746	)


Shareholder Transactions:
Proceeds from shares sold			5,436,969				56,081,564				68,603,820				100,536,751
Value of shares repurchased			(75,324,477	)			(181,916,060	)			(98,266,530	)			(39,620,177	)

Net increase (decrease) in net assets resulting from share transactions			(69,887,508	)			(125,834,496	)			(29,662,710	)			60,916,574

Net increase (decrease) in net assets			(77,800,367	)			(174,999,377	)			(179,349,579	)			122,873,384


Net assets:
Beginning of period			308,651,267				483,650,644				1,024,182,886				901,309,502

End of period		$	230,850,900			$	308,651,267			$	844,833,307			$	1,024,182,886


Changes in Shares Outstanding:
Shares sold			100,000				990,000				2,350,000	^(a)			3,600,000	^(a)
Shares repurchased			(1,470,000	)			(3,350,000	)			(3,440,000	)^(a)			1,400,000	^(a)
Shares outstanding, beginning of period			6,040,000				8,400,000				34,200,000	^(a)			32,000,000	^(a)

Shares outstanding, end of period			4,670,000				6,040,000				33,110,000	^(a)			34,200,000	^(a)

^(a)	Changes in shares outstanding have been restated to reflect a ten-for-one stock split effective after the close of business on July 14, 2023. See Note 10.

^(b)	Changes in shares outstanding have been restated to reflect a five-for-one stock split effective after the close of business on July 14, 2023. See Note 10.

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


		46


Invesco S&P 500^®Equal Weight Industrials ETF (RSPN)								Invesco S&P 500^®Equal Weight Materials ETF (RSPM)								Invesco S&P 500^®Equal Weight Real Estate ETF (RSPR)
Six Months Ended October 31, 2023				Year Ended April 30, 2023				Six Months Ended October 31, 2023				Year Ended April 30, 2023				Six Months Ended October 31, 2023				Year Ended April 30, 2023

	$	2,585,238			$	3,852,612			$	3,248,909			$	8,700,569			$	1,602,718			$	3,399,131
		1,618,110				(10,191,877	)			(307,346	)			8,360,288				(4,420,748	)			(8,621,579	)
		(17,508,334	)			15,221,810				(23,543,859	)			(72,034,779	)			(4,897,642	)			(24,464,475	)

		(13,304,986	)			8,882,545				(20,602,296	)			(54,973,922	)			(7,715,672	)			(29,686,923	)



		(2,761,099	)			(4,002,515	)			(3,252,029	)			(8,701,685	)			(1,798,613	)			(2,736,795	)



		195,816,951				93,121,101				4,574,800				139,688,209				20,106,048				37,762,335
		(26,700,485	)			(137,802,256	)			(55,187,878	)			(310,635,807	)			(35,516,362	)			(74,730,664	)


		169,116,466				(44,681,155	)			(50,613,078	)			(170,947,598	)			(15,410,314	)			(36,968,329	)

		153,050,381				(39,801,125	)			(74,467,403	)			(234,623,205	)			(24,924,599	)			(69,392,047	)



		370,883,992				410,685,117				339,029,828				573,653,033				102,818,070				172,210,117

	$	523,934,373			$	370,883,992			$	264,562,425			$	339,029,828			$	77,893,471			$	102,818,070



		4,970,000	^(b)			2,500,000	^(b)			140,000	^(b)			3,950,000	^(b)			680,000				1,140,000
		(700,000	)^(b)			(4,150,000	)^(b)			(1,730,000	)^(b)			(9,400,000	)^(b)			(1,150,000	)			(2,280,000	)
		9,950,000	^(b)			11,600,000	^(b)			10,550,000	^(b)			16,000,000	^(b)			3,300,000				4,440,000

		14,220,000	^(b)			9,950,000	^(b)			8,960,000	^(b)			10,550,000	^(b)			2,830,000				3,300,000


		47

Statements of Changes in Net Assets–(continued)

For the six months ended October 31, 2023 and the year ended April 30, 2023

(Unaudited)


	Invesco S&P 500^®Equal Weight Technology ETF (RSPT)								Invesco S&P 500^®Equal Weight Utilities ETF (RSPU)
	Six Months Ended October 31, 2023				Year Ended April 30, 2023				Six Months Ended October 31, 2023				Year Ended April 30, 2023
Operations:
Net investment income		$	9,394,224			$	15,321,631			$	5,168,003			$	9,644,749
Net realized gain (loss)			109,538,200				(10,048,317	)			(3,702	)			12,199,815
Change in net unrealized appreciation (depreciation)			(63,199,434	)			13,706,920				(42,722,478	)			(30,658,342	)

Net increase (decrease) in net assets resulting from operations			55,732,990				18,980,234				(37,558,177	)			(8,813,778	)


Distributions to Shareholders from:
Distributable earnings			(9,281,557	)			(15,024,617	)			(5,189,698	)			(9,404,642	)


Shareholder Transactions:
Proceeds from shares sold			774,489,539				1,010,928,884				32,671,237				203,450,089
Value of shares repurchased			(428,392,126	)			(707,392,682	)			(101,918,483	)			(143,023,336	)

Net increase (decrease) in net assets resulting from share transactions			346,097,413				303,536,202				(69,247,246	)			60,426,753

Net increase (decrease) in net assets			392,548,846				307,491,819				(111,995,121	)			42,208,333


Net assets:
Beginning of period			2,482,805,677				2,175,313,858				375,541,812				333,333,479

End of period		$	2,875,354,523			$	2,482,805,677			$	263,546,691			$	375,541,812


Changes in Shares Outstanding:
Shares sold			28,490,000	^(a)			39,700,000	^(a)			580,000	^(b)			3,380,000	^(b)
Shares repurchased			(15,300,000	)^(a)			(29,000,000	)^(a)			(1,910,000	)^(b)			(2,580,000	)^(b)
Shares outstanding, beginning of period			94,700,000	^(a)			84,000,000	^(a)			6,500,000	^(b)			5,700,000	^(b)

Shares outstanding, end of period			107,890,000	^(a)			94,700,000	^(a)			5,170,000	^(b)			6,500,000	^(b)

^(a)	Changes in shares outstanding have been restated to reflect a ten-for-one stock split effective after the close of business on July 14, 2023. See Note 10.

^(b)	Changes in shares outstanding have been restated to reflect a two-for-one stock split effective after the close of business on July 14, 2023. See Note 10.

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


		48


Invesco S&P MidCap 400^® GARP ETF (GRPM)
Six Months Ended October 31, 2023				Year Ended April 30, 2023

	$	1,122,227			$	1,920,657
		11,699,587				(4,047,354	)
		(21,233,670	)			3,859,562

		(8,411,856	)			1,732,865



		(1,099,303	)			(1,850,957	)



		137,198,913				76,350,632
		(116,556,228	)			(12,184,387	)


		20,642,685				64,166,245

		11,131,526				64,048,153



		187,243,026				123,194,873

	$	198,374,552			$	187,243,026



		1,530,000				880,000
		(1,320,000	)			(150,000	)
		2,170,000				1,440,000

		2,380,000				2,170,000


		49

Financial Highlights

Invesco S&P 500^® Equal Weight ETF (RSP)


	Six Months Ended October 31, 2023				Years Ended April 30,
	(Unaudited)				2023				2022				2021				2020				2019
Per Share Operating Performance:
Net asset value at beginning of period		$	145.11			$	147.48			$	148.18			$	96.17			$	108.20			$	99.87

Net investment income^(a)			1.34				2.42				2.30				1.93				2.15				1.78
Net realized and unrealized gain (loss) on investments			(9.30	)			(2.19	)			(0.91	)			52.09				(11.97	)			8.45

Total from investment operations			(7.96	)			0.23				1.39				54.02				(9.82	)			10.23

Distributions to shareholders from:
Net investment income			(1.28	)			(2.60	)			(2.09	)			(2.01	)			(2.21	)			(1.90	)

Net asset value at end of period		$	135.87			$	145.11			$	147.48			$	148.18			$	96.17			$	108.20

Market price at end of period^(b)		$	135.87			$	145.10			$	147.45			$	148.23			$	96.31			$	108.22

Net Asset Value Total Return^(c)			(5.49	)%			0.30	%			0.88	%			56.72	%			(8.98	)%			10.45	%
Market Price Total Return^(c)			(5.49	)%			0.29	%			0.86	%			56.53	%			(8.89	)%			10.43	%
Ratios/Supplemental Data:
Net assets at end of period (000’s omitted)		$	38,232,670			$	33,752,310			$	32,314,898			$	26,605,504			$	10,943,870			$	16,143,961
Ratio to average net assets of:
Expenses			0.20	%^(d)			0.20	%			0.20	%			0.20	%			0.20	%			0.20	%
Net investment income			1.83	%^(d)			1.70	%			1.48	%			1.60	%			2.01	%			1.74	%
Portfolio turnover rate^(e)			11	%			21	%			18	%			24	%			19	%			19	%

^(a)	Based on average shares outstanding.

^(b)	The mean between the last bid and ask prices.

^(c)

Net asset value total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period, and redemption at net asset value on the last day of the period. Net asset value total return includes adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions. Market price total return is calculated assuming an initial investment made at the market price at the beginning of the period, reinvestment of all dividends and distributions at market price during the period, and sale at the market price on the last day of the period. Total investment returns calculated for a period of less than one year are not annualized.

^(d)	Annualized.

^(e)	Portfolio turnover rate is not annualized for periods less than one year, if applicable, and does not include securities received or delivered from processing creations or redemptions.

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


		50

Financial Highlights–(continued)

Invesco S&P 500^® Equal Weight Communication Services ETF (RSPC)


	Six Months Ended October 31, 2023				Years Ended April 30,																For the Period November 5, 2018^(a) Through April 30,
	(Unaudited)				2023				2022				2021				2020				2019
Per Share Operating Performance:
Net asset value at beginning of period		$	27.32			$	30.04			$	38.39			$	22.73			$	25.39			$	25.00

Net investment income^(b)			0.13				0.34				0.41				0.41				0.41	^(c)			0.16
Net realized and unrealized gain (loss) on investments			(1.37	)			(2.73	)^(d)			(8.37	)			15.60				(2.64	)			0.33

Total from investment operations			(1.24	)			(2.39	)			(7.96	)			16.01				(2.23	)			0.49

Distributions to shareholders from:
Net investment income			(0.14	)			(0.33	)			(0.39	)			(0.35	)			(0.40	)			(0.10	)
Net realized gains			-				-				-				-				(0.03	)			-

Total distributions			(0.14	)			(0.33	)			(0.39	)			(0.35	)			(0.43	)			(0.10	)

Net asset value at end of period		$	25.94			$	27.32			$	30.04			$	38.39			$	22.73			$	25.39

Market price at end of period^(e)		$	25.94			$	27.33			$	30.04			$	38.43			$	22.74			$	25.41

Net Asset Value Total Return^(f)			(4.56	)%			(7.91	)%			(20.90	)%			70.90	%			(8.89	)%			2.04	%^(g)
Market Price Total Return^(f)			(4.60	)%			(7.88	)%			(20.98	)%			71.00	%			(8.92	)%			2.12	%^(g)
Ratios/Supplemental Data:
Net assets at end of period (000’s omitted)		$	49,281			$	122,384			$	38,151			$	43,000			$	18,180			$	22,851
Ratio to average net assets of:
Expenses			0.40	%^(h)			0.40	%			0.40	%			0.40	%			0.42	%⁽ⁱ⁾			0.40	%^(h)
Net investment income			0.94	%^(h)			1.25	%			1.13	%			1.36	%			1.65	%^(c)(i)			1.42	%^(h)
Portfolio turnover rate^(j)			18	%			37	%			29	%			20	%			30	%			10	%

^(a)	Commencement of investment operations.

^(b)	Based on average shares outstanding.

^(c)

Net investment income per share and the ratio of net investment income to average net assets include a significant dividend received during the period. Net investment income per share and the ratio of net investment income to average net assets excluding the significant dividend are $0.29 and 1.17%, respectively.

^(d)	Net realized and unrealized gain (loss) on investments per share may not correlate with the Fund’s net realized and unrealized gain (loss) due to timing of shareholder transactions in relation to the fluctuating market values of the Fund’s investments.

^(e)	The mean between the last bid and ask prices.

^(f)

^(g)	The net asset value total return from Fund Inception (November 7, 2018, the first day of trading on the exchange) to April 30, 2019 was 0.08%. The market price total return from Fund Inception to April 30, 2019 was 0.04%.

^(h)	Annualized.

⁽ⁱ⁾	Ratios include non-recurring costs associated with a proxy statement of 0.02%.

^(j)	Portfolio turnover rate is not annualized for periods less than one year, if applicable, and does not include securities received or delivered from processing creations or redemptions.

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


		51

Financial Highlights–(continued)

Invesco S&P 500^® Equal Weight Consumer Discretionary ETF (RSPD)


	Six Months Ended October 31, 2023				Years Ended April 30,
	(Unaudited)				2023^(a)				2022^(a)				2021^(a)				2020^(a)				2019^(a)
Per Share Operating Performance:
Net asset value at beginning of period		$	43.25			$	42.68			$	49.62			$	27.24			$	35.95			$	33.05

Net investment income^(b)			0.23				0.51				0.31				0.19				0.61				0.50
Net realized and unrealized gain (loss) on investments			(4.13	)			0.50				(6.93	)			22.39				(8.68	)			2.93

Total from investment operations			(3.90	)			1.01				(6.62	)			22.58				(8.07	)			3.43

Distributions to shareholders from:
Net investment income			(0.26	)			(0.44	)			(0.32	)			(0.20	)			(0.64	)			(0.53	)

Net asset value at end of period		$	39.09			$	43.25			$	42.68			$	49.62			$	27.24			$	35.95

Market price at end of period^(c)		$	39.10			$	43.24			$	42.64			$	49.60			$	27.21			$	35.95

Net Asset Value Total Return^(d)			(9.08	)%			2.52	%			(13.40	)%			83.19	%			(22.56	)%			10.58	%
Market Price Total Return^(d)			(9.05	)%			2.59	%			(13.44	)%			83.29	%			(22.64	)%			10.61	%
Ratios/Supplemental Data:
Net assets at end of period (000’s omitted)		$	366,665			$	491,753			$	366,164			$	973,455			$	49,028			$	113,239
Ratio to average net assets of:
Expenses			0.40	%^(e)			0.40	%			0.40	%			0.40	%			0.41	%^(f)			0.40	%
Net investment income			1.03	%^(e)			1.26	%			0.62	%			0.45	%			1.80	%^(f)			1.45	%
Portfolio turnover rate^(g)			17	%			26	%			21	%			33	%			28	%			30	%

^(a)	Per share amounts have been adjusted to reflect a three-for-one stock split effective after the close of business on July 14, 2023.

^(b)	Based on average shares outstanding.

^(c)	The mean between the last bid and ask prices.

^(d)

^(e)	Annualized.

^(f)	Ratios include non-recurring costs associated with a proxy statement of 0.01%.

^(g)	Portfolio turnover rate is not annualized for periods less than one year, if applicable, and does not include securities received or delivered from processing creations or redemptions.

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


		52

Financial Highlights–(continued)

Invesco S&P 500^® Equal Weight Consumer Staples ETF (RSPS)


	Six Months Ended October 31, 2023				Years Ended April 30,
	(Unaudited)				2023^(a)				2022^(a)				2021^(a)				2020^(a)				2019^(a)
Per Share Operating Performance:
Net asset value at beginning of period		$	35.22			$	34.90			$	32.24			$	26.73			$	26.99			$	24.57

Net investment income^(b)			0.38				0.73				0.80				0.56				0.64				0.57
Net realized and unrealized gain (loss) on investments			(6.14	)			0.43				2.53				5.60				(0.27	)			2.47

Total from investment operations			(5.76	)			1.16				3.33				6.16				0.37				3.04

Distributions to shareholders from:
Net investment income			(0.41	)			(0.84	)			(0.67	)			(0.65	)			(0.63	)			(0.62	)

Net asset value at end of period		$	29.05			$	35.22			$	34.90			$	32.24			$	26.73			$	26.99

Market price at end of period^(c)		$	29.06			$	35.21			$	34.90			$	32.22			$	26.72			$	26.99

Net Asset Value Total Return^(d)			(16.47	)%			3.48	%			10.51	%			23.34	%			1.44	%			12.63	%
Market Price Total Return^(d)			(16.42	)%			3.48	%			10.58	%			23.31	%			1.37	%			12.67	%
Ratios/Supplemental Data:
Net assets at end of period (000’s omitted)		$	533,726			$	1,100,476			$	584,627			$	477,173			$	481,080			$	431,837
Ratio to average net assets of:
Expenses			0.40	%^(e)			0.40	%			0.40	%			0.40	%			0.40	%			0.40	%
Net investment income			2.30	%^(e)			2.17	%			2.46	%			1.91	%			2.32	%			2.27	%
Portfolio turnover rate^(f)			11	%			23	%			13	%			14	%			22	%			19	%

^(a)	Per share amounts have been adjusted to reflect a five-for-one stock split effective after the close of business on July 14, 2023.

^(b)	Based on average shares outstanding.

^(c)	The mean between the last bid and ask prices.

^(d)

^(e)	Annualized.

^(f)	Portfolio turnover rate is not annualized for periods less than one year, if applicable, and does not include securities received or delivered from processing creations or redemptions.

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


		53

Financial Highlights–(continued)

Invesco S&P 500^® Equal Weight Energy ETF (RSPG)


	Six Months Ended October 31, 2023				Years Ended April 30,
	(Unaudited)				2023				2022				2021				2020				2019
Per Share Operating Performance:
Net asset value at beginning of period		$	69.69			$	65.80			$	40.75			$	28.05			$	51.81			$	60.29

Net investment income^(a)			1.01				2.50				1.54				0.86				1.09				0.82
Net realized and unrealized gain (loss) on investments			5.35				4.04				24.84				12.80				(23.84	)			(8.34	)

Total from investment operations			6.36				6.54				26.38				13.66				(22.75	)			(7.52	)

Distributions to shareholders from:
Net investment income			(0.87	)			(2.65	)			(1.33	)			(0.96	)			(1.01	)			(0.96	)

Net asset value at end of period		$	75.18			$	69.69			$	65.80			$	40.75			$	28.05			$	51.81

Market price at end of period^(b)		$	75.18			$	69.70			$	65.79			$	40.80			$	28.06			$	51.82

Net Asset Value Total Return^(c)			9.16	%			10.18	%			65.91	%			50.01	%			(44.18	)%			(12.46	)%
Market Price Total Return^(c)			9.15	%			10.21	%			65.68	%			50.15	%			(44.17	)%			(12.65	)%
Ratios/Supplemental Data:
Net assets at end of period (000’s omitted)		$	614,961			$	530,334			$	544,185			$	156,466			$	82,739			$	209,823
Ratio to average net assets of:
Expenses			0.40	%^(d)			0.40	%			0.40	%			0.40	%			0.40	%			0.40	%
Net investment income			2.78	%^(d)			3.57	%			2.92	%			2.75	%			2.60	%			1.46	%
Portfolio turnover rate^(e)			6	%			20	%			50	%			37	%			34	%			31	%

^(a)	Based on average shares outstanding.

^(b)	The mean between the last bid and ask prices.

^(c)

^(d)	Annualized.

^(e)

Portfolio turnover rate is not annualized for periods less than one year, if applicable, and does not include securities received or delivered from processing creations or redemptions. For the year ended April 30, 2022, the portfolio turnover calculation includes the value of securities purchased and sold in the effort to realign the Fund’s portfolio holdings due to the underlying index change.

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


		54

Financial Highlights–(continued)

Invesco S&P 500^® Equal Weight Financials ETF (RSPF)


	Six Months Ended October 31, 2023				Years Ended April 30,
	(Unaudited)				2023				2022				2021				2020				2019
Per Share Operating Performance:
Net asset value at beginning of period		$	51.10			$	57.58			$	59.67			$	35.43			$	43.78			$	43.94

Net investment income^(a)			0.59				1.14				1.05				1.05				0.92				0.78
Net realized and unrealized gain (loss) on investments			(1.64	)			(6.47	)			(2.13	)			24.25				(8.38	)			-

Total from investment operations			(1.05	)			(5.33	)			(1.08	)			25.30				(7.46	)			0.78

Distributions to shareholders from:
Net investment income			(0.62	)			(1.15	)			(1.01	)			(1.06	)			(0.89	)			(0.94	)

Net asset value at end of period		$	49.43			$	51.10			$	57.58			$	59.67			$	35.43			$	43.78

Market price at end of period^(b)		$	49.41			$	51.09			$	57.53			$	59.73			$	35.53			$	43.79

Net Asset Value Total Return^(c)			(2.10	)%			(9.31	)%			(1.90	)%			72.61	%			(17.09	)%			1.98	%
Market Price Total Return^(c)			(2.12	)%			(9.25	)%			(2.08	)%			72.30	%			(16.88	)%			1.91	%
Ratios/Supplemental Data:
Net assets at end of period (000’s omitted)		$	230,851			$	308,651			$	483,651			$	375,901			$	161,203			$	291,145
Ratio to average net assets of:
Expenses			0.40	%^(d)			0.40	%			0.40	%			0.40	%			0.40	%			0.40	%
Net investment income			2.29	%^(d)			2.04	%			1.68	%			2.33	%			2.15	%			1.86	%
Portfolio turnover rate^(e)			10	%			25	%			17	%			19	%			23	%			17	%

^(a)	Based on average shares outstanding.

^(b)	The mean between the last bid and ask prices.

^(c)

^(d)	Annualized.

^(e)	Portfolio turnover rate is not annualized for periods less than one year, if applicable, and does not include securities received or delivered from processing creations or redemptions.

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


		55

Financial Highlights–(continued)

Invesco S&P 500^® Equal Weight Health Care ETF (RSPH)


	Six Months Ended October 31, 2023				Years Ended April 30,
	(Unaudited)				2023^(a)				2022^(a)				2021^(a)				2020^(a)				2019^(a)
Per Share Operating Performance:
Net asset value at beginning of period		$	29.95			$	28.17			$	28.05			$	21.41			$	19.37			$	17.88

Net investment income^(b)			0.10				0.18				0.18				0.13				0.13				0.11
Net realized and unrealized gain (loss) on investments			(4.43	)			1.78				0.12	^(c)			6.64				2.04				1.48

Total from investment operations			(4.33	)			1.96				0.30				6.77				2.17				1.59

Distributions to shareholders from:
Net investment income			(0.10	)			(0.18	)			(0.18	)			(0.13	)			(0.13	)			(0.10	)

Net asset value at end of period		$	25.52			$	29.95			$	28.17			$	28.05			$	21.41			$	19.37

Market price at end of period^(d)		$	25.51			$	29.95			$	28.16			$	28.07			$	21.44			$	19.37

Net Asset Value Total Return^(e)			(14.48	)%			7.00	%			1.00	%			31.76	%			11.27	%			8.91	%
Market Price Total Return^(e)			(14.52	)%			7.04	%			0.91	%			31.66	%			11.42	%			8.82	%
Ratios/Supplemental Data:
Net assets at end of period (000’s omitted)		$	844,833			$	1,024,183			$	901,310			$	813,540			$	706,437			$	706,845
Ratio to average net assets of:
Expenses			0.40	%^(f)			0.40	%			0.40	%			0.40	%			0.40	%			0.40	%
Net investment income			0.72	%^(f)			0.64	%			0.59	%			0.51	%			0.64	%			0.55	%
Portfolio turnover rate^(g)			10	%			26	%			22	%			20	%			23	%			23	%

^(a)	Per share amounts have been adjusted to reflect a ten-for-one stock split effective after the close of business July 14, 2023.

^(b)	Based on average shares outstanding.

^(c)	Net realized and unrealized gain (loss) on investments per share may not correlate with the Fund’s net realized and unrealized gain (loss) due to timing of shareholder transactions in relation to the fluctuating market values of the Fund’s investments.

^(d)	The mean between the last bid and ask prices.

^(e)

^(f)	Annualized.

^(g)	Portfolio turnover rate is not annualized for periods less than one year, if applicable, and does not include securities received or delivered from processing creations or redemptions.

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


		56

Financial Highlights–(continued)

Invesco S&P 500^® Equal Weight Industrials ETF (RSPN)


	Six Months Ended October 31, 2023				Years Ended April 30,
	(Unaudited)				2023^(a)				2022^(a)				2021^(a)				2020^(a)				2019^(a)
Per Share Operating Performance:
Net asset value at beginning of period		$	37.27			$	35.40			$	37.05			$	21.89			$	25.21			$	23.00

Net investment income^(b)			0.20				0.40				0.30				0.26				0.37				0.31
Net realized and unrealized gain (loss) on investments			(0.42	)			1.88				(1.67	)			15.17				(3.32	)			2.23

Total from investment operations			(0.22	)			2.28				(1.37	)			15.43				(2.95	)			2.54

Distributions to shareholders from:
Net investment income			(0.21	)			(0.41	)			(0.28	)			(0.27	)			(0.37	)			(0.33	)

Net asset value at end of period		$	36.84			$	37.27			$	35.40			$	37.05			$	21.89			$	25.21

Market price at end of period^(c)		$	36.85			$	37.28			$	35.39			$	37.03			$	21.90			$	25.20

Net Asset Value Total Return^(d)			(0.62	)%			6.55	%			(3.70	)%			70.89	%			(11.70	)%			11.21	%
Market Price Total Return^(d)			(0.62	)%			6.61	%			(3.71	)%			70.73	%			(11.64	)%			11.17	%
Ratios/Supplemental Data:
Net assets at end of period (000’s omitted)		$	523,934			$	370,884			$	410,685			$	557,591			$	142,273			$	245,750
Ratio to average net assets of:
Expenses			0.40	%^(e)			0.40	%			0.40	%			0.40	%			0.40	%			0.40	%
Net investment income			1.04	%^(e)			1.13	%			0.79	%			0.89	%			1.46	%			1.29	%
Portfolio turnover rate^(f)			12	%			22	%			17	%			19	%			23	%			28	%

^(a)	Per share amounts have been adjusted to reflect a five-for-one stock split effective after the close of business on July 14, 2023.

^(b)	Based on average shares outstanding.

^(c)	The mean between the last bid and ask prices.

^(d)

^(e)	Annualized.

^(f)	Portfolio turnover rate is not annualized for periods less than one year, if applicable, and does not include securities received or delivered from processing creations or redemptions.

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


		57

Financial Highlights–(continued)

Invesco S&P 500^® Equal Weight Materials ETF (RSPM)


	Six Months Ended October 31, 2023				Years Ended April 30,
	(Unaudited)				2023^(a)				2022^(a)				2021^(a)				2020^(a)				2019^(a)
Per Share Operating Performance:
Net asset value at beginning of period		$	32.14			$	35.85			$	33.07			$	18.87			$	21.62			$	21.26

Net investment income^(b)			0.34				0.72				0.52				0.50				0.42				0.36
Net realized and unrealized gain (loss) on investments			(2.61	)			(3.71	)			2.80				14.15				(2.72	)			0.39

Total from investment operations			(2.27	)			(2.99	)			3.32				14.65				(2.30	)			0.75

Distributions to shareholders from:
Net investment income			(0.34	)			(0.72	)			(0.54	)			(0.45	)			(0.45	)			(0.39	)

Net asset value at end of period		$	29.53			$	32.14			$	35.85			$	33.07			$	18.87			$	21.62

Market price at end of period^(c)		$	29.54			$	32.12			$	35.85			$	33.08			$	18.90			$	21.63

Net Asset Value Total Return^(d)			(7.11	)%			(8.32	)%			10.18	%			78.45	%			(10.70	)%			3.67	%
Market Price Total Return^(d)			(7.05	)%			(8.34	)%			10.11	%			78.24	%			(10.58	)%			3.70	%
Ratios/Supplemental Data:
Net assets at end of period (000’s omitted)		$	264,562			$	339,030			$	573,653			$	613,416			$	108,480			$	129,728
Ratio to average net assets of:
Expenses			0.40	%^(e)			0.40	%			0.40	%			0.40	%			0.40	%			0.40	%
Net investment income			2.13	%^(e)			2.18	%			1.50	%			1.83	%			1.99	%			1.69	%
Portfolio turnover rate^(f)			8	%			22	%			15	%			18	%			25	%			23	%

^(a)	Per share amounts have been adjusted to reflect a five-for-one stock split effective after the close of business on July 14, 2023.

^(b)	Based on average shares outstanding.

^(c)	The mean between the last bid and ask prices.

^(d)

^(e)	Annualized.

^(f)	Portfolio turnover rate is not annualized for periods less than one year, if applicable, and does not include securities received or delivered from processing creations or redemptions.

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


		58

Financial Highlights–(continued)

Invesco S&P 500^® Equal Weight Real Estate ETF (RSPR)


	Six Months Ended October 31, 2023				Years Ended April 30,
	(Unaudited)				2023				2022				2021				2020				2019
Per Share Operating Performance:
Net asset value at beginning of period		$	31.16			$	38.79			$	35.09			$	25.65			$	29.71			$	25.96

Net investment income^(a)			0.52				0.94				0.57				0.67	^(b)			0.72				0.69
Net realized and unrealized gain (loss) on investments			(3.54	)			(7.82	)			4.04				9.93				(3.62	)			3.97

Total from investment operations			(3.02	)			(6.88	)			4.61				10.60				(2.90	)			4.66

Distributions to shareholders from:
Net investment income			(0.62	)			(0.75	)			(0.91	)			(1.16	)			(1.03	)			(0.85	)
Net realized gains			-				-				-				-				(0.13	)			(0.06	)

Total distributions			(0.62	)			(0.75	)			(0.91	)			(1.16	)			(1.16	)			(0.91	)

Net asset value at end of period		$	27.52			$	31.16			$	38.79			$	35.09			$	25.65			$	29.71

Market price at end of period^(c)		$	27.54			$	31.16			$	38.88			$	35.12			$	25.65			$	29.75

Net Asset Value Total Return^(d)			(9.87	)%			(17.78	)%			13.20	%			42.37	%			(9.59	)%			18.35	%
Market Price Total Return^(d)			(9.80	)%			(17.98	)%			13.37	%			42.50	%			(9.71	)%			18.51	%
Ratios/Supplemental Data:
Net assets at end of period (000’s omitted)		$	77,893			$	102,818			$	172,210			$	45,263			$	23,084			$	37,143
Ratio to average net assets of:
Expenses			0.40	%^(e)			0.40	%			0.40	%			0.40	%			0.41	%^(f)			0.40	%
Net investment income			3.42	%^(e)			2.85	%			1.48	%			2.36	%^(b)			2.37	%^(f)			2.46	%
Portfolio turnover rate^(g)			8	%			26	%			19	%			21	%			15	%			14	%

^(a)	Based on average shares outstanding.

^(b)

^(c)	The mean between the last bid and ask prices.

^(d)

^(e)	Annualized.

^(f)	Ratios include non-recurring costs associated with a proxy statement of 0.01%.

^(g)	Portfolio turnover rate is not annualized for periods less than one year, if applicable, and does not include securities received or delivered from processing creations or redemptions.

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


		59

Financial Highlights–(continued)

Invesco S&P 500^® Equal Weight Technology ETF (RSPT)


	Six Months Ended October 31, 2023				Years Ended April 30,
	(Unaudited)				2023^(a)				2022^(a)				2021^(a)				2020^(a)				2019^(a)
Per Share Operating Performance:
Net asset value at beginning of period		$	26.22			$	25.90			$	27.73			$	18.32			$	18.07			$	15.09

Net investment income^(b)			0.09				0.18				0.16				0.19				0.32	^(c)			0.16
Net realized and unrealized gain (loss) on investments			0.43				0.32				(1.83	)			9.51				0.15				2.98

Total from investment operations			0.52				0.50				(1.67	)			9.70				0.47				3.14

Distributions to shareholders from:
Net investment income			(0.09	)			(0.18	)			(0.16	)			(0.29	)			(0.22	)			(0.16	)

Net asset value at end of period		$	26.65			$	26.22			$	25.90			$	27.73			$	18.32			$	18.07

Market price at end of period^(d)		$	26.65			$	26.21			$	25.90			$	27.72			$	18.34			$	18.07

Net Asset Value Total Return^(e)			1.96	%			1.99	%			(6.10	)%			53.40	%			2.73	%			20.92	%
Market Price Total Return^(e)			1.99	%			1.90	%			(6.08	)%			53.12	%			2.91	%			20.77	%
Ratios/Supplemental Data:
Net assets at end of period (000’s omitted)		$	2,875,355			$	2,482,806			$	2,175,314			$	2,590,019			$	1,529,343			$	1,788,846
Ratio to average net assets of:
Expenses			0.40	%^(f)			0.40	%			0.40	%			0.40	%			0.40	%			0.40	%
Net investment income			0.63	%^(f)			0.70	%			0.53	%			0.81	%			1.73	%^(c)			0.98	%
Portfolio turnover rate^(g)			11	%			35	%			24	%			25	%			23	%			27	%

^(a)	Per share amounts have been adjusted to reflect a ten-for-one stock split effective after the close of business July 14, 2023.

^(b)	Based on average shares outstanding.

^(c)

Net investment income per share and the ratio of net investment income to average net assets include a significant dividend received during the period.Net investment income per share and the ratio of net investment income to average net assets excluding the significant dividend are $0.19 and 1.06%, respectively.

^(d)	The mean between the last bid and ask prices.

^(e)

^(f)	Annualized.

^(g)	Portfolio turnover rate is not annualized for periods less than one year, if applicable, and does not include securities received or delivered from processing creations or redemptions.

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


		60

Financial Highlights–(continued)

Invesco S&P 500^® Equal Weight Utilities ETF (RSPU)


	Six Months Ended October 31, 2023				Years Ended April 30,
	(Unaudited)				2023^(a)				2022^(a)				2021^(a)				2020^(a)				2019^(a)
Per Share Operating Performance:
Net asset value at beginning of period		$	57.78			$	58.48			$	54.03			$	46.16			$	48.63			$	42.26

Net investment income^(b)			0.84				1.40				1.41				1.35				1.39				1.34
Net realized and unrealized gain (loss) on investments			(6.81	)^(c)			(0.76	)			4.37				8.02				(2.50	)			6.34

Total from investment operations			(5.97	)			0.64				5.78				9.37				(1.11	)			7.68

Distributions to shareholders from:
Net investment income			(0.83	)			(1.34	)			(1.33	)			(1.50	)			(1.36	)			(1.31	)

Net asset value at end of period		$	50.98			$	57.78			$	58.48			$	54.03			$	46.16			$	48.63

Market price at end of period^(d)		$	51.00			$	57.79			$	58.48			$	53.92			$	46.26			$	48.62

Net Asset Value Total Return^(e)			(10.42	)%			1.11	%			10.90	%			20.80	%			(2.28	)%			18.54	%
Market Price Total Return^(e)			(10.39	)%			1.14	%			11.15	%			20.28	%			(2.04	)%			18.60	%
Ratios/Supplemental Data:
Net assets at end of period (000’s omitted)		$	263,547			$	375,542			$	333,333			$	208,557			$	300,013			$	335,499
Ratio to average net assets of:
Expenses			0.40	%^(f)			0.40	%			0.40	%			0.40	%			0.40	%			0.40	%
Net investment income			3.05	%^(f)			2.42	%			2.56	%			2.77	%			2.72	%			2.96	%
Portfolio turnover rate^(g)			5	%			11	%			15	%			10	%			11	%			27	%

^(a)	Per share amounts have been adjusted to reflect a two-for-one stock split effective after the close of business on July 14, 2023.

^(b)	Based on average shares outstanding.

^(c)	Net gains (losses) on securities (both realized and unrealized) per share may not correlate with the Fund’s net realized and unrealized gain (loss) due to timing of shareholder transactions in relation to the fluctuating market values of the Fund’s investments.

^(d)	The mean between the last bid and ask prices.

^(e)

^(f)	Annualized.

^(g)	Portfolio turnover rate is not annualized for periods less than one year, if applicable, and does not include securities received or delivered from processing creations or redemptions.

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


		61

Financial Highlights–(continued)

Invesco S&P MidCap 400^® GARP ETF (GRPM)


	Six Months Ended October 31, 2023				Years Ended April 30,
	(Unaudited)				2023				2022				2021				2020				2019
Per Share Operating Performance:
Net asset value at beginning of period		$	86.29			$	85.55			$	92.63			$	53.10			$	66.18			$	63.30

Net investment income^(a)			0.46				1.13				0.93				0.75				0.89				0.77
Net realized and unrealized gain (loss) on investments			(2.94	)			0.71				(7.10	)			39.56				(12.99	)			2.96

Total from investment operations			(2.48	)			1.84				(6.17	)			40.31				(12.10	)			3.73

Distributions to shareholders from:
Net investment income			(0.46	)			(1.10	)			(0.91	)			(0.78	)			(0.98	)			(0.85	)

Net asset value at end of period		$	83.35			$	86.29			$	85.55			$	92.63			$	53.10			$	66.18

Market price at end of period^(b)		$	83.33			$	86.28			$	85.47			$	92.64			$	52.87			$	66.19

Net Asset Value Total Return^(c)			(2.91	)%			2.23	%			(6.72	)%			76.41	%			(18.24	)%			5.96	%
Market Price Total Return^(c)			(2.92	)%			2.31	%			(6.81	)%			77.20	%			(18.60	)%			5.99	%
Ratios/Supplemental Data:
Net assets at end of period (000’s omitted)		$	198,375			$	187,243			$	123,195			$	113,933			$	53,095			$	105,893
Ratio to average net assets of:
Expenses			0.38	%^(d)			0.40	%			0.40	%			0.40	%			0.41	%^(e)			0.40	%
Net investment income			1.03	%^(d)			1.33	%			1.01	%			1.06	%			1.42	%^(e)			1.19	%
Portfolio turnover rate^(f)			95	%			33	%			28	%			33	%			32	%			30	%

^(a)	Based on average shares outstanding.

^(b)	The mean between the last bid and ask prices.

^(c)

^(d)	Annualized.

^(e)	Ratios include non-recurring costs associated with a proxy statement of 0.01%.

^(f)

Portfolio turnover rate is not annualized for periods less than one year, if applicable, and does not include securities received or delivered from processing creations or redemptions. For the period ended October 31, 2023, the portfolio turnover calculation includes the value of securities purchased and sold in the effort to realign the Fund’s portfolio holdings due to the underlying index change.

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


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Notes to Financial Statements

Invesco Exchange-Traded Fund Trust

October 31, 2023

(Unaudited)

NOTE 1–Organization

Invesco Exchange-Traded Fund Trust (the “Trust”) was organized as a Massachusetts business trust and is authorized to have multiple series of portfolios. The Trust is an open-end management investment company registered under the Investment Company Act of 1940, as amended (the “1940 Act”). This report includes the following portfolios:


		Full Name		Short Name

		Invesco S&P 500^®Equal Weight ETF (RSP)		“S&P 500^®Equal Weight ETF”

		Invesco S&P 500^®Equal Weight Communication Services ETF (RSPC)		“S&P 500^®Equal Weight Communication Services ETF”

		Invesco S&P 500^®Equal Weight Consumer Discretionary ETF (RSPD)		“S&P 500^®Equal Weight Consumer Discretionary ETF”

		Invesco S&P 500^®Equal Weight Consumer Staples ETF (RSPS)		“S&P 500^®Equal Weight Consumer Staples ETF”

		Invesco S&P 500^®Equal Weight Energy ETF (RSPG)		“S&P 500^®Equal Weight Energy ETF”

		Invesco S&P 500^®Equal Weight Financials ETF (RSPF)		“S&P 500^®Equal Weight Financials ETF”

		Invesco S&P 500^®Equal Weight Health Care ETF (RSPH)		“S&P 500^®Equal Weight Health Care ETF”

		Invesco S&P 500^®Equal Weight Industrials ETF (RSPN)		“S&P 500^®Equal Weight Industrials ETF”

		Invesco S&P 500^®Equal Weight Materials ETF (RSPM)		“S&P 500^®Equal Weight Materials ETF”

		Invesco S&P 500^®Equal Weight Real Estate ETF (RSPR)		“S&P 500^®Equal Weight Real Estate ETF”

		Invesco S&P 500^®Equal Weight Technology ETF (RSPT)		“S&P 500^®Equal Weight Technology ETF”

		Invesco S&P 500^®Equal Weight Utilities ETF (RSPU)		“S&P 500^®Equal Weight Utilities ETF”

		Invesco S&P MidCap 400^®GARP ETF (GRPM)*		“S&P MidCap 400^®GARP ETF”

*	Effective after the close of markets on August 25, 2023, the Fund’s name changed from Invesco S&P MidCap 400^® Equal Weight ETF to Invesco S&P MidCap 400^® GARP ETF.

Each portfolio (each, a “Fund”, and collectively, the “Funds”) represents a separate series of the Trust. The shares of the Funds are referred to herein as “Shares” or “Fund’s Shares.” Each Fund’s Shares are listed and traded on NYSE Arca, Inc.

The market price of each Share may differ to some degree from a Fund’s net asset value (“NAV”). Unlike conventional mutual funds, each Fund issues and redeems Shares on a continuous basis, at NAV, only in a large specified number of Shares, each called a “Creation Unit.” Creation Units are issued and redeemed principally in exchange for the deposit or delivery of a basket of securities (“Deposit Securities”). Except when aggregated in Creation Units by authorized participants (“APs”), the Shares are not individually redeemable securities of the Funds.

The investment objective of each of the Funds is to seek to track the investment results (before fees and expenses) of its respective index listed below (each, an “Underlying Index”):


		Fund		Underlying Index

		S&P 500^®Equal Weight ETF		S&P 500^®Equal Weight Index

		S&P 500^®Equal Weight Communication Services ETF		S&P 500^®Equal Weight Communication Services Plus Index

		S&P 500^®Equal Weight Consumer Discretionary ETF		S&P 500^®Equal Weight Consumer Discretionary Index

		S&P 500^®Equal Weight Consumer Staples ETF		S&P 500^®Equal Weight Consumer Staples Index

		S&P 500^®Equal Weight Energy ETF		S&P 500^®Equal Weight Energy Plus Index

		S&P 500^®Equal Weight Financials ETF		S&P 500^®Equal Weight Financials Index

		S&P 500^®Equal Weight Health Care ETF		S&P 500^®Equal Weight Health Care Index

		S&P 500^®Equal Weight Industrials ETF		S&P 500^®Equal Weight Industrials Index

		S&P 500^®Equal Weight Materials ETF		S&P 500^®Equal Weight Materials Index

		S&P 500^®Equal Weight Real Estate ETF		S&P 500^®Equal Weight Real Estate Index

		S&P 500^®Equal Weight Technology ETF		S&P 500^®Equal Weight Information Technology Index

		S&P 500^®Equal Weight Utilities ETF		S&P 500^®Equal Weight Utilities Plus Index

		S&P MidCap 400^®GARP ETF		S&P MidCap 400^®GARP Index

NOTE 2–Significant Accounting Policies

The following is a summary of the significant accounting policies followed by the Funds in preparation of their financial statements.


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Each Fund is an investment company and accordingly follows the investment company accounting and reporting guidance in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 946, Financial Services–Investment Companies.

A.	Security Valuation - Securities, including restricted securities, are valued according to the following policies:

A security listed or traded on an exchange is generally valued at its trade price or official closing price that day as of the close of the exchange where the security is principally traded or, lacking any trades or official closing price on a particular day, the security may be valued at the closing bid or ask price on that day. Securities traded in the over-the-counter market are valued based on prices furnished by independent pricing services or market makers. When such securities are valued using prices provided by an independent pricing service they may be considered fair valued. Futures contracts are valued at the daily settlement price set by an exchange on which they are principally traded. Where a final settlement price exists, exchange-traded options are valued at the final settlement price from the exchange where the option principally trades. Where a final settlement price does not exist, exchange-traded options are valued at the mean between the last bid and ask price generally from the exchange where the option principally trades.

Securities of investment companies that are not exchange-traded (e.g., open-end mutual funds) are valued using such company’s end-of-business-day NAV per share.

Deposits, other obligations of U.S. and non-U.S. banks and financial institutions are valued at their daily account value.

Fixed income securities (including convertible debt securities) generally are valued on the basis of prices provided by independent pricing services. Prices provided by the pricing service may be determined without exclusive reliance on quoted prices, and may reflect appropriate factors such as institution-size trading in similar groups of securities, developments related to specific securities, dividend rate (for unlisted equities), yield (for debt obligations), quality, type of issue, coupon rate (for debt obligations), maturity (for debt obligations), individual trading characteristics and other market data. Securities with a demand feature exercisable within one to seven days are valued at par. Pricing services generally value debt obligations assuming orderly transactions of institutional round lot size, but a Fund may hold or transact in the same securities in smaller, odd lot sizes. Odd lots often trade at lower prices than institutional round lots, and their value may be adjusted accordingly. Debt obligations are subject to interest rate and credit risks. In addition, all debt obligations involve some risk of default with respect to interest and/or principal payments.

Foreign securities’ (including foreign exchange contracts’) prices are converted into U.S. dollar amounts using the applicable exchange rates as of the close of the London world markets. If market quotations are available and reliable for foreign exchange-traded equity securities, the securities will be valued at the market quotations. Invesco Capital Management LLC (the “Adviser”) may use various pricing services to obtain market quotations as well as fair value prices. Because trading hours for certain foreign securities end before the close of the New York Stock Exchange (“NYSE”), closing market quotations may become not representative of market value in the Adviser’s judgment (“unreliable”). If, between the time trading ends on a particular security and the close of the customary trading session on the NYSE, a significant event occurs that makes the closing price of the security unreliable, the Adviser may fair value the security. If the event is likely to have affected the closing price of the security, the security will be valued at fair value in good faith in accordance with Board-approved policies and related Adviser procedures (“Valuation Procedures”). Adjustments to closing prices to reflect fair value may also be based on a screening process of an independent pricing service to indicate the degree of certainty, based on historical data, that the closing price in the principal market where a foreign security trades is not the current value as of the close of the NYSE. Foreign securities’ prices meeting the degree of certainty that the price is not reflective of current value will be priced at the indication of fair value from the independent pricing service. Multiple factors may be considered by the independent pricing service in determining adjustments to reflect fair value and may include information relating to sector indices, American depositary receipts and domestic and foreign index futures. Foreign securities may have additional risks including exchange rate changes, the potential for sharply devalued currencies and high inflation, political and economic upheaval, the relative lack of issuer information, relatively low market liquidity and the potential lack of strict financial and accounting controls and standards.

Unlisted securities will be valued using prices provided by independent pricing services or by another method that the Adviser, in its judgment, believes better reflects the security’s fair value in accordance with the Valuation Procedures.

Securities for which market prices are not provided by any of the above methods may be valued based upon quotes furnished by independent sources. The mean between the last bid and ask prices may be used to value debt obligations, including corporate loans, and unlisted equity securities.

Securities for which market quotations are not readily available are fair valued by the Adviser in accordance with the Valuation Procedures. If a fair value price provided by a pricing service is unreliable, the Adviser will fair value the security using the Valuation Procedures. Issuer-specific events, market trends, bid/ask quotes of brokers and information providers and other market data may be reviewed in the course of making a good faith determination of a security’s fair value.

Each Fund may invest in securities that are subject to interest rate risk, meaning the risk that the prices will generally fall as interest rates rise and, conversely, the prices will generally rise as interest rates fall. Specific securities differ in their sensitivity to changes in interest rates depending on their individual characteristics. Changes in interest rates may result in increased market volatility, which may affect the value and/or liquidity of certain Fund investments.


		64

Valuations change in response to many factors, including the historical and prospective earnings of the issuer, the value of the issuer’s assets, general market conditions which are not specifically related to the particular issuer, such as real or perceived adverse economic conditions, changes in the general outlook for revenues or corporate earnings, changes in interest or currency rates, regional or global instability, natural or environmental disasters, widespread disease or other public health issues, war, acts of terrorism, significant governmental actions or adverse investor sentiment generally and market liquidity. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

The price a Fund could receive upon the sale of any investment may differ from the Adviser’s valuation of the investment, particularly for securities that are valued using a fair valuation technique. When fair valuation techniques are applied, the Adviser uses available information, including both observable and unobservable inputs and assumptions, to determine a methodology that will result in a valuation that the Adviser believes approximates market value. Fund securities that are fair valued may be subject to greater fluctuation in their value from one day to the next than would be the case if market quotations were used. Because of the inherent uncertainties of valuation, and the degree of subjectivity in such decisions, a Fund could realize a greater or lesser than expected gain or loss upon the sale of the investment.

Investment Transactions and Investment Income - Investment transactions are accounted for on a trade date basis. Realized gains and losses from the sale or disposition of securities are computed on the specific identified cost basis. Interest income is recorded on an accrual basis from settlement date and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable. Pay-in-kind interest income and non-cash dividend income received in the form of securities in-lieu of cash are recorded at the fair value of the securities received. Dividend income (net of withholding tax, if any) is recorded on the ex-dividend date. Dividend income from REITs is recorded based on the income included in the distributions received from the REIT investments using published REIT classifications, including some management estimates when actual amounts are not available. Distributions received in excess of this estimated amount are recorded as a reduction of the cost of investments or reclassified to capital gains. The actual amounts of income, return of capital, and capital gains are only determined by each REIT after its fiscal year-end, and may differ from the estimated amounts. Realized gains, dividends and interest received by a Fund may give rise to withholding and other taxes imposed by foreign countries. Tax conventions between certain countries and the United States may reduce or eliminate such taxes.

The Funds may periodically participate in litigation related to a Fund’s investments. As such, the Funds may receive proceeds from litigation settlements. Any proceeds received are included in the Statements of Operations as realized gain (loss) for investments no longer held and as unrealized gain (loss) for investments still held.

Brokerage commissions and mark ups are considered transaction costs and are recorded as an increase to the cost basis of securities purchased and/or a reduction of proceeds on a sale of securities. Such transaction costs are included in the determination of net realized and unrealized gain (loss) from investment securities reported in the Statements of Operations and the Statements of Changes in Net Assets and the net realized and unrealized gains (losses) on securities per share in the Financial Highlights. Transaction costs are included in the calculation of a Fund’s NAV and, accordingly, they reduce a Fund’s total returns. These transaction costs are not considered operating expenses and are not reflected in net investment income reported in the Statements of Operations and the Statements of Changes in Net Assets, or the net investment income per share and the ratios of expenses and net investment income reported in the Financial Highlights, nor are they limited by any expense limitation arrangements between each Fund and the Adviser.

Country Determination - For the purposes of presentation in the Schedules of Investments, the Adviser may determine the country in which an issuer is located and/or credit risk exposure based on various factors. These factors include whether each Fund’s Underlying Index has made a country determination and may include the laws of the country under which the issuer is organized, where the issuer maintains a principal office, the country in which the issuer derives 50% or more of its total revenues, the country that has the primary market for the issuer’s securities and its “country of risk” as determined by a third party service provider, as well as other criteria. Among the other criteria that may be evaluated for making this determination are the country in which the issuer maintains 50% or more of its assets, the type of security, financial guarantees and enhancements, the nature of the collateral and the sponsor organization. Country of issuer and/or credit risk exposure has been determined to be the United States of America, unless otherwise noted.

Dividends and Distributions to Shareholders - Each Fund declares and pays dividends from net investment income, if any, to its shareholders quarterly and records such dividends on the ex-dividend date. Generally, each Fund distributes net realized taxable capital gains, if any, annually in cash and records them on the ex-dividend date. Such distributions on a tax basis are determined in conformity with federal income tax regulations, which may differ from accounting principles generally accepted in the United States of America (“GAAP”). Distributions in excess of tax basis earnings and profits, if any, are reported in such Fund’s financial statements as a tax return of capital at fiscal year-end.

E.	Federal Income Taxes -Each Fund intends to comply with the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”), necessary to qualify as a regulated investment company and to distribute


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substantially all of the Fund’s taxable earnings to shareholders. As such, the Funds will not be subject to federal income taxes on otherwise taxable income (including net realized capital gain) that is distributed to shareholders. Therefore, no provision for federal income taxes is recorded in the financial statements.

Each Fund recognizes the tax benefits of uncertain tax positions only when the position is more likely than not to be sustained. Management has analyzed each Fund’s uncertain tax positions and concluded that no liability for unrecognized tax benefits should be recorded related to uncertain tax positions. Management is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will change materially in the next 12 months.

Income and capital gain distributions are determined in accordance with federal income tax regulations, which may differ from GAAP. These differences are primarily due to differing book and tax treatments for in-kind transactions, losses deferred due to wash sales, and passive foreign investment company adjustments, if any.

The Funds file U.S. federal tax returns and tax returns in certain other jurisdictions. Generally, a Fund is subject to examinations by such taxing authorities for up to three years after the filing of the return for the tax period.

Expenses - Each Fund has agreed to pay an annual unitary management fee to the Adviser. Out of the unitary management fee, the Adviser pays for substantially all expenses of the Funds, including the costs of transfer agency, custody, fund administration, legal, audit and other services, except for distribution fees, if any, brokerage expenses, taxes, interest, acquired fund fees and expenses, if any, litigation expenses and other extraordinary expenses, including proxy expenses (except for such proxies related to: (i) changes to the Investment Advisory Agreement, (ii) the election of any Board member who is an “interested person” of the Trust or the Adviser (an “Interested Trustee”), or (iii) any other matters that directly benefit the Adviser).

Expenses of the Trust that are excluded from a Fund’s unitary management fee and are directly identifiable to a specific Fund are applied to that Fund. Expenses of the Trust that are excluded from a Fund’s unitary management fee and are not readily identifiable to a specific Fund are allocated in such a manner as deemed equitable, taking into consideration the nature and type of expense and the relative net assets of each Fund.

To the extent a Fund invests in other investment companies, the expenses shown in the accompanying financial statements reflect the expenses of the Fund and do not include any expenses of the investment companies in which it invests. The effects of such investment companies’ expenses are included in the realized and unrealized gain or loss on the investments in the investment companies.

Accounting Estimates - The preparation of the financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts and disclosures in the financial statements, including estimates and assumptions related to taxation. Actual results could differ from these estimates. In addition, the Funds monitor for material events or transactions that may occur or become known after the period-end date and before the date the financial statements are released to print.

Indemnifications - Under the Trust’s organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust. Each Board member who is not an “interested person” (as defined in the 1940 Act) of the Trust or the Adviser (each, an “Independent Trustee”) is also indemnified against certain liabilities arising out of the performance of their duties to the Trust pursuant to an Indemnification Agreement between such trustee and the Trust. Additionally, in the normal course of business, the Trust enters into contracts with service providers that contain general indemnification clauses. The Trust’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Trust that have not yet occurred. The risk of material loss as a result of such indemnification claims is considered remote.

Securities Lending -Each Fund may participate in securities lending and may loan portfolio securities having a market value up to one-third of each Fund’s total assets. Such loans are secured by cash collateral equal to no less than 102% (105% for international securities) of the market value of the loaned securities determined daily by the securities lending provider. Cash collateral received in connection with these loans is invested in short-term money market instruments or affiliated, unregistered investment companies that comply with Rule 2a-7 under the 1940 Act and money market funds (collectively, “affiliated money market funds”) and is shown as such on the Schedules of Investments. Each Fund bears the risk of loss with respect to the investment of collateral. It is the policy of these Funds to obtain additional collateral from or return excess collateral to the borrower by the end of the next business day, following the valuation date of the securities loaned. Therefore, the value of the collateral held may be temporarily less than the value of the securities on loan. When loaning securities, each Fund retains certain benefits of owning the securities, including the economic equivalent of dividends or interest generated by the security. Lending securities entails a risk of loss to each Fund if, and to the extent that, the market value of the securities loaned were to increase, and the borrower did not increase the collateral accordingly, and the borrower failed to return the securities. The securities loaned are subject to termination at the option of the borrower or each Fund. Upon termination, the borrower will return to each Fund the securities loaned and each Fund will return the collateral. Upon the failure of the borrower to return the securities, collateral may be liquidated and the securities may be purchased on the open market to replace the loaned securities. Each Fund could experience delays and costs in gaining access to the collateral and the securities may lose value during the delay which could result in potential losses to each Fund. Some of these losses may be indemnified by the lending agent. Each Fund bears the risk of any deficiency in the amount of the collateral available for return to the borrower due to any loss on the collateral invested. For Funds that participated in securities lending, dividends


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received on cash collateral investments for securities lending transactions, which are net of compensation to counterparties, are included in Securities lending income on the Statements of Operations. The aggregate value of securities out on loan, if any, is shown on the Statements of Assets and Liabilities.

Invesco Advisers, Inc. (“Invesco”), an affiliate of the Adviser, serves as an affiliated securities lending agent for each Fund participating in the securities lending program. The Bank of New York Mellon (“BNYM”) also serves as a securities lending agent. To the extent a Fund utilizes Invesco as an affiliated securities lending agent, the Fund conducts its securities lending in accordance with, and in reliance upon, no-action letters issued by the SEC staff that provide guidance on how an affiliate may act as a direct agent lender and receive compensation for those services in a manner consistent with the federal securities laws. For the six months ended October 31, 2023, each Fund had affiliated securities lending transactions with Invesco. Fees paid to Invesco for securities lending agent services, which are included in Securities lending income on the Statements of Operations, were incurred by each Fund as listed below:


	Amount

S&P 500^®Equal Weight ETF	$	74,817

S&P 500^®Equal Weight Communication Services ETF		445

S&P 500^®Equal Weight Consumer Discretionary ETF		4,079

S&P 500^®Equal Weight Consumer Staples ETF		1,230

S&P 500^®Equal Weight Energy ETF		343

S&P 500^®Equal Weight Financials ETF		1,121

S&P 500^®Equal Weight Health Care ETF		580

S&P 500^®Equal Weight Industrials ETF		1,156

S&P 500^®Equal Weight Materials ETF		1,006

S&P 500^®Equal Weight Real Estate ETF		401

S&P 500^®Equal Weight Technology ETF		2,536

S&P 500^®Equal Weight Utilities ETF		429

S&P MidCap 400^®GARP ETF		3,476

J. Other Risks

AP Concentration Risk. Only APs may engage in creation or redemption transactions directly with each Fund. Each Fund has a limited number of institutions that may act as APs, and such APs have no obligation to submit creation or redemption orders. Consequently, there is no assurance that APs will establish or maintain an active trading market for the Shares. This risk may be heightened to the extent that securities held by each Fund are traded outside a collateralized settlement system. In that case, APs may be required to post collateral on certain trades on an agency basis (i.e., on behalf of other market participants), which only a limited number of APs may be able to do. In addition, to the extent that APs exit the business or are unable to proceed with creation and/or redemption orders with respect to each Fund and no other AP is able to step forward to create or redeem Creation Units, this may result in a significantly diminished trading market for Fund Shares, and Shares may be more likely to trade at a premium or discount to a Fund’s NAV and to face trading halts and/or delisting. Investments in non-U.S. securities, which may have lower trading volumes or could experience extended market closures or trading halts, may increase the risk that APs may not be able to effectively create or redeem Creation Units or the risk that the Shares may be halted and/or delisted.

Equity Risk. Equity risk is the risk that the value of equity securities, including common stocks, may fall due to both changes in general economic conditions that impact the market as a whole, as well as factors that directly relate to a specific company or its industry. Such general economic conditions include changes in interest rates, periods of market turbulence or instability, or general and prolonged periods of economic decline and cyclical change. It is possible that a drop in the stock market may depress the price of most or all of the common stocks that each Fund holds. In addition, equity risk includes the risk that investor sentiment toward one or more industries will become negative, resulting in those investors exiting their investments in those industries, which could cause a reduction in the value of companies in those industries more broadly. The value of a company’s common stock may fall solely because of factors, such as an increase in production costs that negatively impact other companies in the same region, industry or sector of the market. A company’s common stock also may decline significantly in price over a short period of time due to factors specific to that company, including decisions made by its management or lower demand for the company’s products or services. For example, an adverse event, such as an unfavorable earnings report or the failure to make anticipated dividend payments, may depress the value of common stock.

Index Risk. Unlike many investment companies that are “actively managed”, each Fund does not utilize an investing strategy that seeks returns in excess of its Underlying Index. Therefore, a Fund would not necessarily buy or sell a security unless that security is added or removed, respectively, from its Underlying Index, even if that security generally is underperforming. Additionally, each Fund rebalances its portfolio in accordance with its Underlying Index, and, therefore, any changes to the Underlying Index’s rebalance schedule will result in corresponding changes to each Fund’s rebalance schedule. Further, unlike with an actively managed fund, the Adviser does not use techniques or defensive strategies designed to lessen the impact of periods of market volatility or market decline. This means that, based on certain market and economic conditions, a Fund’s


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performance could be lower than other types of funds with investment advisers that actively manage their portfolio assets to take advantage of market opportunities or defend against market events.

Industry Concentration Risk. In following its methodology, each Fund’s Underlying Index from time to time may be concentrated to a significant degree in securities of issuers operating in a single industry or industry group. To the extent that each Underlying Index concentrates in the securities of issuers in a particular industry or industry group, the corresponding Fund will also concentrate its investments to approximately the same extent. By concentrating its investments in an industry or industry group, each Fund may face more risks than if it were diversified broadly over numerous industries or industry groups. Such industry-based risks, any of which may adversely affect the companies in which each Fund invests, may include, but are not limited to, the following: general economic conditions or cyclical market patterns that could negatively affect supply and demand in a particular industry; competition for resources, adverse labor relations, political or world events; obsolescence of technologies; and increased competition or new product introductions that may affect the profitability or viability of companies in an industry. In addition, at times, such industry or industry group may be out of favor and underperform other industries or the market as a whole.

Market Risk. Securities in each Underlying Index are subject to market fluctuations. You should anticipate that the value of the Shares will decline, more or less, in correlation with any decline in value of the securities in an Underlying Index.

Additionally, natural or environmental disasters, widespread disease or other public health issues, war, military conflicts, acts of terrorism, economic crises or other events could result in increased premiums or discounts to each Fund’s NAV.

Mid-Capitalization Company Risk. Investing in securities of mid-capitalization companies involves greater risk than customarily is associated with investing in larger, more established companies and securities may be more volatile and less liquid than those of more established companies. These securities may have returns that vary, sometimes significantly, from the overall securities market. Mid-capitalization companies tend to have less experienced management as well as limited product and market diversification and financial resources compared to larger capitalization companies. Often mid-capitalization companies and the industries in which they focus are still evolving and, as a result, they may be more sensitive to changing market conditions.

Non-Correlation Risk. Each Fund’s return may not match the return of its corresponding Underlying Index for a number of reasons. For example, each Fund incurs operating expenses not applicable to the Underlying Index, and incurs costs in buying and selling securities, especially when rebalancing the Fund’s securities holdings to reflect changes in the composition of its corresponding Underlying Index. Additionally, a Fund’s use of a representative sampling approach may cause the Fund not to be as well-correlated with the return of its corresponding Underlying Index as would be the case if the Fund purchased all of the securities in its corresponding Underlying Index in the proportions represented in the Underlying Index. In addition, the performance of each Fund and its corresponding Underlying Index may vary due to asset valuation differences and differences between each Fund’s portfolio and its corresponding Underlying Index resulting from legal restrictions, costs or liquidity constraints.

Non-Diversified Fund Risk. Because S&P 500^® Equal Weight Communication Services ETF is non-diversified and can invest a greater portion of its assets in securities of individual issuers than can a diversified fund, changes in the market value of a single investment could cause greater fluctuations in Share price than would occur in a diversified fund. This may increase the Fund’s volatility and cause the performance of a relatively small number of issuers to have a greater impact on the Fund’s performance.

REIT Risk. REITs are pooled investment vehicles that trade like stocks and invest substantially all of their assets in real estate and may qualify for special tax considerations. REITs are subject to certain risks inherent in the direct ownership of real estate, including without limitation, a possible lack of mortgage funds and associated interest rate risks, overbuilding, property vacancies, increases in property taxes and operating expenses, changes in zoning laws, losses due to environmental damages and changes in neighborhood values and appeal to purchasers. Further, failure of a company to qualify as a REIT under federal tax law may have adverse consequences to the REIT’s shareholders. In addition, REITs may have expenses, including advisory and administration expenses, and REIT shareholders will incur a proportionate share of the underlying expenses.

NOTE 3–Investment Advisory Agreement and Other Agreements

The Trust has entered into an Investment Advisory Agreement with the Adviser on behalf of each Fund, pursuant to which the Adviser has overall responsibility for the selection and ongoing monitoring of the Funds’ investments, managing the Funds’ business affairs and providing certain clerical, bookkeeping and other administrative services.

Pursuant to the Investment Advisory Agreement, each Fund accrues daily and pays monthly to the Adviser an annual unitary management fee. Out of the unitary management fee, the Adviser pays for substantially all expenses of the Funds, including the costs of transfer agency, custody, fund administration, legal, audit and other services, except for distribution fees, if any, brokerage expenses, taxes, interest, acquired fund fees and expenses, if any, litigation expenses and other extraordinary expenses, including proxy expenses (except for such proxies related to: (i) changes to the Investment Advisory Agreement, (ii) the election


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of an Interested Trustee, or (iii) any other matters that directly benefit the Adviser). The unitary management fee is paid by each Fund to the Adviser at the following annual rates:


		Unitary Management Fees (as a % of average daily net assets)

S&P 500^®Equal Weight ETF		0.20%

S&P 500^®Equal Weight Communication Services ETF		0.40%

S&P 500^®Equal Weight Consumer Discretionary ETF		0.40%

S&P 500^®Equal Weight Consumer Staples ETF		0.40%

S&P 500^®Equal Weight Energy ETF		0.40%

S&P 500^®Equal Weight Financials ETF		0.40%

S&P 500^®Equal Weight Health Care ETF		0.40%

S&P 500^®Equal Weight Industrials ETF		0.40%

S&P 500^®Equal Weight Materials ETF		0.40%

S&P 500^®Equal Weight Real Estate ETF		0.40%

S&P 500^®Equal Weight Technology ETF		0.40%

S&P 500^®Equal Weight Utilities ETF		0.40%

S&P MidCap 400^®GARP ETF*		0.35%

*	Effective August 28, 2023, the Fund’s unitary management fee was reduced from 0.40% to 0.35%.

Further, through at least August 31, 2025, the Adviser has contractually agreed to waive the management fee payable by each Fund in an amount equal to the lesser of: (i) 100% of the net advisory fees earned by the Adviser or an affiliate of the Adviser that are attributable to the Fund’s investments in money market funds that are managed by affiliates of the Adviser and other funds (including ETFs) managed by the Adviser or affiliates of the Adviser or (ii) the management fee available to be waived. This waiver does not apply to a Fund’s investment of cash collateral received for securities lending. There is no guarantee that the Adviser will extend the waiver of these fees past that date. This agreement is not subject to recapture by the Adviser.

For the six months ended October 31, 2023, the Adviser waived fees for each Fund in the following amounts:



S&P 500^®Equal Weight ETF	$	4,011

S&P 500^®Equal Weight Communication Services ETF		39

S&P 500^®Equal Weight Consumer Discretionary ETF		79

S&P 500^®Equal Weight Consumer Staples ETF		126

S&P 500^®Equal Weight Energy ETF		106

S&P 500^®Equal Weight Financials ETF		43

S&P 500^®Equal Weight Health Care ETF		109

S&P 500^®Equal Weight Industrials ETF		52

S&P 500^®Equal Weight Materials ETF		68

S&P 500^®Equal Weight Real Estate ETF		23

S&P 500^®Equal Weight Technology ETF		184

S&P 500^®Equal Weight Utilities ETF		81

S&P MidCap 400^®GARP ETF		32

The Trust has entered into a Distribution Agreement with Invesco Distributors, Inc. (the “Distributor”), which serves as the distributor of Creation Units for each Fund. The Distributor does not maintain a secondary market in the Shares. The Funds are not charged any fees pursuant to the Distribution Agreement. The Distributor is an affiliate of the Adviser.

The Adviser has entered into licensing agreements on behalf of each Fund with S&P Dow Jones Indices LLC (the “Licensor”).

Each Underlying Index name trademark is owned by the Licensor. These trademarks have been licensed to the Adviser for use by the Funds. Each Fund is entitled to use its Underlying Index pursuant to the Trust’s sub-licensing agreement with the Adviser. The Funds are not sponsored, endorsed, sold or promoted by the Licensor, and the Licensor makes no representation regarding the advisability of investing in any of the Funds.

The Trust has entered into service agreements whereby BNYM, a wholly-owned subsidiary of The Bank of New York Mellon Corporation, serves as the administrator, custodian, fund accountant and transfer agent for each Fund.

For the six months ended October 31, 2023, the Funds incurred brokerage commissions with Invesco Capital Markets, Inc. (“ICMI”), an affiliate of the Adviser and Distributor, for portfolio transactions executed on behalf of the Funds, as listed below:



S&P 500^®Equal Weight ETF	$	636,105

S&P 500^®Equal Weight Communication Services ETF		2,900

S&P 500^®Equal Weight Consumer Discretionary ETF		12,055


		69



S&P 500^®Equal Weight Consumer Staples ETF	$	17,229

S&P 500^®Equal Weight Energy ETF		8,258

S&P 500^®Equal Weight Financials ETF		5,192

S&P 500^®Equal Weight Health Care ETF		8,633

S&P 500^®Equal Weight Industrials ETF		5,919

S&P 500^®Equal Weight Materials ETF		3,885

S&P 500^®Equal Weight Real Estate ETF		1,422

S&P 500^®Equal Weight Technology ETF		27,863

S&P 500^®Equal Weight Utilities ETF		4,634

S&P MidCap 400^®GARP ETF		5,642

Portfolio transactions with ICMI that have not settled at period-end, if any, are shown in the Statements of Assets and Liabilities under the receivable caption Investments sold - affiliated broker and/or payable caption Investments purchased - affiliated broker.

NOTE 4–Security Transactions with Affiliated Funds

Each Fund is permitted to purchase securities from or sell securities to certain other affiliated funds under specified conditions outlined in procedures adopted by the Board of Trustees of the Trust. The procedures have been designed to ensure that any purchase or sale of securities by each Invesco ETF from or to another fund that is or could be considered an “affiliated person” by virtue of having a common investment adviser (or affiliated investment advisers), common Trustees and/or common officers is made in reliance on Rule 17a-7 of the 1940 Act and, to the extent applicable, related SEC staff positions. Each such transaction is effected at the security’s “current market price”, as provided for in these procedures and Rule 17a-7.

For the six months ended October 31, 2023, the following Funds engaged in transactions with affiliates as listed below:


	Securities Purchases		Securities Sales		Net Realized Gains (Losses)*

S&P 500^®Equal Weight ETF		$30,856,581		$21,479,796		$(12,042,782	)

S&P 500^®Equal Weight Consumer Discretionary ETF		-		1,437,476		317,352

S&P 500^®Equal Weight Health Care ETF		-		1,407,998		223,703

S&P 500^®Equal Weight Industrials ETF		2,754,091		-		-

S&P MidCap 400^®GARP ETF		-		271,903		116,612

*	Net realized gains (losses) from securities sold to affiliates are included in net realized gain (loss) from investment securities in the Statements of Operations.

NOTE 5–Additional Valuation Information

GAAP defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment’s assigned level:


		Level 1 -		Prices are determined using quoted prices in an active market for identical assets.

		Level 2 -		Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others.

		Level 3 -		Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect the Adviser’s assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.

The following is a summary of the tiered valuation input levels, as of October 31, 2023. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent


		70

uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.


	Level 1		Level 2		Level 3			Total

S&P 500^®Equal Weight ETF

Investments in Securities

Common Stocks & Other Equity Interests	$	38,203,322,168	$	-		$	-	$	38,203,322,168

Money Market Funds		3,946,259		2,076,959,692			-		2,080,905,951


Total Investments	$	38,207,268,427	$	2,076,959,692		$	-	$	40,284,228,119


S&P 500^®Equal Weight Communication Services ETF

Investments in Securities

Common Stocks & Other Equity Interests	$	49,284,871	$	-		$	-	$	49,284,871

Money Market Funds		-		2,760,884			-		2,760,884


Total Investments	$	49,284,871	$	2,760,884		$	-	$	52,045,755


S&P 500^®Equal Weight Consumer Discretionary ETF

Investments in Securities

Common Stocks & Other Equity Interests	$	366,483,644	$	-		$	-	$	366,483,644

Money Market Funds		-		45,208,056			-		45,208,056


Total Investments	$	366,483,644	$	45,208,056		$	-	$	411,691,700


S&P 500^®Equal Weight Consumer Staples ETF

Investments in Securities

Common Stocks & Other Equity Interests	$	533,427,935	$	-		$	-	$	533,427,935

Money Market Funds		-		14,301,923			-		14,301,923


Total Investments	$	533,427,935	$	14,301,923		$	-	$	547,729,858


S&P 500^®Equal Weight Energy ETF

Investments in Securities

Common Stocks & Other Equity Interests	$	614,055,492	$	-		$	-	$	614,055,492

Money Market Funds		403,500		113,680			-		517,180


Total Investments	$	614,458,992	$	113,680		$	-	$	614,572,672


S&P 500^®Equal Weight Financials ETF

Investments in Securities

Common Stocks & Other Equity Interests	$	230,632,336	$	-		$	-	$	230,632,336

Money Market Funds		33,095		12,193,125			-		12,226,220


Total Investments	$	230,665,431	$	12,193,125		$	-	$	242,858,556


S&P 500^®Equal Weight Health Care ETF

Investments in Securities

Common Stocks & Other Equity Interests	$	845,084,005	$	-		$	-	$	845,084,005

Money Market Funds		-		7,597,786			-		7,597,786


Total Investments	$	845,084,005	$	7,597,786		$	-	$	852,681,791


S&P 500^®Equal Weight Industrials ETF

Investments in Securities

Common Stocks & Other Equity Interests	$	523,780,998	$	-		$	-	$	523,780,998

Money Market Funds		70,193		28,959,254			-		29,029,447


Total Investments	$	523,851,191	$	28,959,254		$	-	$	552,810,445


S&P 500^®Equal Weight Materials ETF

Investments in Securities

Common Stocks & Other Equity Interests	$	264,550,196	$	-		$	-	$	264,550,196

Money Market Funds		-		24,944,679			-		24,944,679


Total Investments	$	264,550,196	$	24,944,679		$	-	$	289,494,875


S&P 500^®Equal Weight Real Estate ETF

Investments in Securities

Common Stocks & Other Equity Interests	$	77,807,782	$	-		$	-	$	77,807,782

Money Market Funds		86,288		8,821,711			-		8,907,999


Total Investments	$	77,894,070	$	8,821,711		$	-	$	86,715,781


		71


	Level 1		Level 2		Level 3			Total

S&P 500^®Equal Weight Technology ETF

Investments in Securities

Common Stocks & Other Equity Interests	$	2,875,013,194	$	-		$	-	$	2,875,013,194

Money Market Funds		767,974		145,353,694			-		146,121,668


Total Investments	$	2,875,781,168	$	145,353,694		$	-	$	3,021,134,862


S&P 500^®Equal Weight Utilities ETF

Investments in Securities

Common Stocks & Other Equity Interests	$	263,207,676	$	-		$	-	$	263,207,676

Money Market Funds		-		14,332,578			-		14,332,578


Total Investments	$	263,207,676	$	14,332,578		$	-	$	277,540,254


S&P MidCap 400^®GARP ETF

Investments in Securities

Common Stocks & Other Equity Interests	$	198,320,933	$	-		$	-	$	198,320,933

Money Market Funds		23,258		32,230,357			-		32,253,615


Total Investments	$	198,344,191	$	32,230,357		$	-	$	230,574,548

NOTE 6–Tax Information

The amount and character of income and gains to be distributed are determined in accordance with federal income tax regulations, which may differ from GAAP. Reclassifications are made to the Funds’ capital accounts to reflect income and gains available for distribution (or available capital loss carryforwards) under federal income tax regulations. The tax character of distributions paid during the year and the tax components of net assets will be reported at the Funds’ fiscal year-end.

Capital loss carryforwards are calculated and reported as of a specific date. Results of transactions and other activity after that date may affect the amount of capital loss carryforwards actually available for the Funds to utilize. The ability to utilize capital loss carryforwards in the future may be limited under the Internal Revenue Code and related regulations based on the results of future transactions.

The Funds had capital loss carryforwards as of April 30, 2023, as follows:


	No expiration
	Short-Term		Long-Term		Total*

S&P 500^®Equal Weight ETF	$	984,514,173	$	2,799,042,011	$	3,783,556,184

S&P 500^®Equal Weight Communication Services ETF		2,030,653		2,681,142		4,711,795

S&P 500^®Equal Weight Consumer Discretionary ETF		22,556,988		58,169,181		80,726,169

S&P 500^®Equal Weight Consumer Staples ETF		16,199,293		68,952,525		85,151,818

S&P 500^®Equal Weight Energy ETF		35,366,939		139,542,314		174,909,253

S&P 500^®Equal Weight Financials ETF		20,298,842		53,143,118		73,441,960

S&P 500^®Equal Weight Health Care ETF		11,123,077		83,792,803		94,915,880

S&P 500^®Equal Weight Industrials ETF		13,411,753		35,579,855		48,991,608

S&P 500^®Equal Weight Materials ETF		16,820,646		24,359,962		41,180,608

S&P 500^®Equal Weight Real Estate ETF		3,865,105		2,775,377		6,640,482

S&P 500^®Equal Weight Technology ETF		119,120,788		183,060,845		302,181,633

S&P 500^®Equal Weight Utilities ETF		16,347,223		18,968,003		35,315,226

S&P MidCap 400^®GARP ETF		13,015,943		21,891,714		34,907,657

*	Capital loss carryforwards are reduced for limitations, if any, to the extent required by the Internal Revenue Code and may be further limited depending upon a variety of factors, including the realization of net unrealized gains or losses as of the date of any reorganization.

NOTE 7–Investment Transactions

For the six months ended October 31, 2023, the cost of securities purchased and the proceeds from sales of securities (other than short-term securities, U.S. Government obligations, money market funds and in-kind transactions, if any) were as follows:


	Purchases		Sales

S&P 500^®Equal Weight ETF	$	4,191,633,020	$	4,161,579,031

S&P 500^®Equal Weight Communication Services ETF		13,191,594		13,112,047

S&P 500^®Equal Weight Consumer Discretionary ETF		82,919,021		83,217,404

S&P 500^®Equal Weight Consumer Staples ETF		83,663,106		82,862,968

S&P 500^®Equal Weight Energy ETF		34,116,612		32,685,479


		72


	Purchases		Sales

S&P 500^®Equal Weight Financials ETF	$	26,122,467	$	26,550,525

S&P 500^®Equal Weight Health Care ETF		93,825,931		93,703,947

S&P 500^®Equal Weight Industrials ETF		58,166,821		58,371,631

S&P 500^®Equal Weight Materials ETF		25,663,507		25,672,319

S&P 500^®Equal Weight Real Estate ETF		7,599,592		7,901,774

S&P 500^®Equal Weight Technology ETF		313,372,611		742,484,265

S&P 500^®Equal Weight Utilities ETF		17,369,083		17,232,894

S&P MidCap 400^®GARP ETF		204,592,665		203,997,533

For the six months ended October 31, 2023, in-kind transactions associated with creations and redemptions were as follows:


	In-kind Purchases		In-kind Sales

S&P 500^®Equal Weight ETF	$	16,369,678,541	$	9,092,089,646

S&P 500^®Equal Weight Communication Services ETF		10,291,610		83,101,698

S&P 500^®Equal Weight Consumer Discretionary ETF		142,421,695		216,892,238

S&P 500^®Equal Weight Consumer Staples ETF		70,674,100		491,843,846

S&P 500^®Equal Weight Energy ETF		129,031,396		79,607,680

S&P 500^®Equal Weight Financials ETF		5,422,980		75,169,681

S&P 500^®Equal Weight Health Care ETF		68,567,088		97,736,932

S&P 500^®Equal Weight Industrials ETF		195,714,135		26,683,513

S&P 500^®Equal Weight Materials ETF		4,574,458		55,158,052

S&P 500^®Equal Weight Real Estate ETF		20,097,510		35,475,289

S&P 500^®Equal Weight Technology ETF		774,145,313		-

S&P 500^®Equal Weight Utilities ETF		32,631,987		101,839,332

S&P MidCap 400^®GARP ETF		137,127,638		116,918,845

Gains (losses) on in-kind transactions are generally not considered taxable gains (losses) for federal income tax purposes. As of October 31, 2023, the aggregate cost of investments, including any derivatives, on a tax basis includes adjustments for financial reporting purposes as of the most recently completed federal income tax reporting period-end:


						Net
	Gross		Gross			Unrealized
	Unrealized		Unrealized			Appreciation
	Appreciation		(Depreciation)			(Depreciation)			Cost

S&P 500^®Equal Weight ETF	$	1,840,339,144	$	(5,699,231,849	)	$	(3,858,892,705	)	$	44,143,120,824

S&P 500^®Equal Weight Communication Services ETF		1,852,094		(13,395,835	)		(11,543,741	)		63,589,496

S&P 500^®Equal Weight Consumer Discretionary ETF		7,124,712		(92,497,129	)		(85,372,417	)		497,064,117

S&P 500^®Equal Weight Consumer Staples ETF		6,542,603		(117,430,341	)		(110,887,738	)		658,617,596

S&P 500^®Equal Weight Energy ETF		69,461,544		(12,245,654	)		57,215,890			557,356,782

S&P 500^®Equal Weight Financials ETF		16,198,379		(52,336,765	)		(36,138,386	)		278,996,942

S&P 500^®Equal Weight Health Care ETF		115,034,897		(135,165,783	)		(20,130,886	)		872,812,677

S&P 500^®Equal Weight Industrials ETF		31,827,878		(46,422,867	)		(14,594,989	)		567,405,434

S&P 500^®Equal Weight Materials ETF		6,031,514		(76,003,308	)		(69,971,794	)		359,466,669

S&P 500^®Equal Weight Real Estate ETF		345,894		(31,424,178	)		(31,078,284	)		117,794,065

S&P 500^®Equal Weight Technology ETF		243,415,496		(256,075,975	)		(12,660,479	)		3,033,795,341

S&P 500^®Equal Weight Utilities ETF		6,884,305		(57,285,701	)		(50,401,396	)		327,941,650

S&P MidCap 400^®GARP ETF		3,956,818		(18,826,016	)		(14,869,198	)		245,443,746

NOTE 8–Trustees’ and Officer’s Fees

The Adviser, as a result of each Fund’s unitary management fee, pays remuneration to the Independent Trustees and an Officer of the Trust on behalf of the Funds. The Interested Trustee does not receive any Trustees’ fees.

The Trust has adopted a deferred compensation plan (the “Plan”). Under the Plan, each Independent Trustee who has executed a Deferred Fee Agreement (a “Participating Trustee”) may defer receipt of all or a portion of their compensation (“Deferral Fees”). Such Deferral Fees are deemed to be invested in select Invesco ETFs. The Deferral Fees payable to a Participating Trustee are valued as of the date such Deferral Fees would have been paid to a Participating Trustee. The value increases with


		73

contributions or with increases in the value of the Shares selected, and the value decreases with distributions or with declines in the value of the Shares selected. Obligations under the Plan represent unsecured claims against the general assets of the Funds.

NOTE 9–Capital

Shares are issued and redeemed by each Fund only in Creation Units consisting of a specified number of Shares as set forth in each Fund’s prospectus. Only APs are permitted to purchase or redeem Creation Units from the Funds. Such transactions are principally permitted in exchange for Deposit Securities, with a balancing cash component to equate the transaction to the NAV per Share of a Fund on the transaction date. However, for all Funds, cash in an amount equivalent to the value of certain securities may be substituted, generally when the securities are not available in sufficient quantity for delivery, not eligible for trading by the AP or as a result of other market circumstances.

To the extent that the Funds permit transactions in exchange for Deposit Securities, each Fund may issue Shares in advance of receipt of Deposit Securities subject to various conditions, including a requirement to maintain on deposit with the Trust cash at least equal to 105% of the market value of the missing Deposit Securities. In accordance with the Trust’s Participant Agreement, Creation Units will be issued to an AP, notwithstanding the fact that the corresponding Deposit Securities have not been received in part or in whole, in reliance on the undertaking of the AP to deliver the missing Deposit Securities as soon as possible, which undertaking shall be secured by the AP’s delivery and maintenance of collateral consisting of cash in the form of U.S. dollars in immediately available funds having a value (marked-to-market daily) at least equal to 105%, which the Adviser may change from time to time, of the value of the missing Deposit Securities.

Certain transaction fees may be charged by the Funds for creations and redemptions, which are treated as increases in capital.

Transactions in each Fund’s Shares are disclosed in detail in the Statements of Changes in Net Assets.

NOTE 10–Stock Split

On June 22, 2023, the Board of Trustees approved the stock splits set forth in the table below. The effect of the stock splits was to increase the number of shares outstanding of those Funds, whereby every outstanding share of the respective Funds was exchanged for two, three, five or ten shares, as described below, effective after the close of business on July 14, 2023. The transactions did not change the net assets of the Funds or the net asset value of any shareholder’s investment in the Funds.


		Fund		Stock Split Ratio

		S&P 500^®Equal Weight Consumer Discretionary ETF		3 to 1

		S&P 500^®Equal Weight Consumer Staples ETF		5 to 1

		S&P 500^®Equal Weight Health Care ETF		10 to 1

		S&P 500^®Equal Weight Industrials ETF		5 to 1

		S&P 500^®Equal Weight Materials ETF		5 to 1

		S&P 500^®Equal Weight Technology ETF		10 to 1

		S&P 500^®Equal Weight Utilities ETF		2 to 1


		74

Calculating your ongoing Fund expenses

Example

As a shareholder of a Fund of the Invesco Exchange-Traded Fund Trust, you incur a unitary management fee. In addition to the unitary management fee, a shareholder may pay distribution fees, if any, brokerage expenses, taxes, interest, acquired fund fees and expenses, if any, litigation expenses and other extraordinary expenses, including proxy expenses (except for such proxies related to: (i) changes to the Investment Advisory Agreement, (ii) the election of an Interested Trustee, or (iii) any other matters that directly benefit the Adviser). The expense examples below are intended to help you understand your ongoing costs (in dollars) of investing in the Funds and to compare these costs with the ongoing costs of investing in other funds.

The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period May 1, 2023 through October 31, 2023.

Actual Expenses

The first line in the following table provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading “Expenses Paid During the Six-Month Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second line in the following table provides information about hypothetical account values and hypothetical expenses based on each Fund’s actual expense ratio and an assumed annualized rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Funds and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only, and do not reflect any transaction costs, such as sales charges and brokerage commissions. Therefore, the second line in the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transaction costs were included, your costs would have been higher.


	Beginning Account Value May 1, 2023			Ending Account Value October 31, 2023			Annualized Expense Ratio Based on the Six-Month Period			Expenses Paid During the Six-Month Period⁽¹⁾

Invesco S&P 500^®Equal Weight ETF (RSP)

Actual		$	1,000.00		$	945.10		0.20	%		$	0.98

Hypothetical (5% return before expenses)			1,000.00			1,024.13		0.20				1.02

Invesco S&P 500^®Equal Weight Communication Services ETF (RSPC)

Actual			1,000.00			954.40		0.40				1.97

Hypothetical (5% return before expenses)			1,000.00			1,023.13		0.40				2.03

Invesco S&P 500^®Equal Weight Consumer Discretionary ETF (RSPD)

Actual			1,000.00			909.20		0.40				1.92

Hypothetical (5% return before expenses)			1,000.00			1,023.13		0.40				2.03

Invesco S&P 500^®Equal Weight Consumer Staples ETF (RSPS)

Actual			1,000.00			835.30		0.40				1.85

Hypothetical (5% return before expenses)			1,000.00			1,023.13		0.40				2.03

Invesco S&P 500^®Equal Weight Energy ETF (RSPG)

Actual			1,000.00			1,091.60		0.40				2.10

Hypothetical (5% return before expenses)			1,000.00			1,023.13		0.40				2.03


		75

Calculating your ongoing Fund expenses–(continued)


	Beginning Account Value May 1, 2023			Ending Account Value October 31, 2023			Annualized Expense Ratio Based on the Six-Month Period			Expenses Paid During the Six-Month Period⁽¹⁾

Invesco S&P 500^®Equal Weight Financials ETF (RSPF)

Actual		$	1,000.00		$	979.00		0.40	%		$	1.99

Hypothetical (5% return before expenses)			1,000.00			1,023.13		0.40				2.03

Invesco S&P 500^®Equal Weight Health Care ETF (RSPH)

Actual			1,000.00			855.20		0.40				1.87

Hypothetical (5% return before expenses)			1,000.00			1,023.13		0.40				2.03

Invesco S&P 500^®Equal Weight Industrials ETF (RSPN)

Actual			1,000.00			993.80		0.40				2.00

Hypothetical (5% return before expenses)			1,000.00			1,023.13		0.40				2.03

Invesco S&P 500^®Equal Weight Materials ETF (RSPM)

Actual			1,000.00			928.90		0.40				1.94

Hypothetical (5% return before expenses)			1,000.00			1,023.13		0.40				2.03

Invesco S&P 500^®Equal Weight Real Estate ETF (RSPR)

Actual			1,000.00			901.30		0.40				1.91

Hypothetical (5% return before expenses)			1,000.00			1,023.13		0.40				2.03

Invesco S&P 500^®Equal Weight Technology ETF (RSPT)

Actual			1,000.00			1,019.60		0.40				2.03

Hypothetical (5% return before expenses)			1,000.00			1,023.13		0.40				2.03

Invesco S&P 500^®Equal Weight Utilities ETF (RSPU)

Actual			1,000.00			895.80		0.40				1.91

Hypothetical (5% return before expenses)			1,000.00			1,023.13		0.40				2.03

Invesco S&P MidCap 400^®GARP ETF (GRPM)

Actual			1,000.00			970.90		0.38				1.88

Hypothetical (5% return before expenses)			1,000.00			1,023.23		0.38				1.93

⁽¹⁾

Expenses are calculated using the annualized expense ratio, which represents the ongoing expenses as a percentage of net assets for the six-month period ended October 31, 2023. Expenses are calculated by multiplying the Fund’s annualized expense ratio by the average account value for the period, then multiplying the result by 184/366.


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Proxy Voting Policies and Procedures

A description of the Trust’s proxy voting policies and procedures that the Funds use to determine how to vote proxies relating to portfolio securities is available, without charge and upon request, by calling (800) 983-0903. This information is also available on the Securities and Exchange Commission’s (the “Commission”) website at www.sec.gov.

Information regarding how each Fund voted proxies for portfolio securities, if applicable, during the most recent 12-month period ended June 30, is available, without charge and upon request, by (i) calling (800) 983-0903; or (ii) accessing the Trust’s Form N-PX on the Commission’s website at www.sec.gov.

Quarterly Portfolios

The Trust files its complete schedule of portfolio holdings for the Funds with the Commission for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The Forms N-PORT are available on the Commission’s website at www.sec.gov.

Frequency Distribution of Discounts and Premiums

A table showing the number of days the market price of each Fund’s shares was greater than the Fund’s net asset value, and the number of days it was less than the Fund’s net asset value (i.e., premium or discount) for the most recently completed calendar year, and the calendar quarters since that year end (or the life of the Fund, if shorter) may be found at the Fund’s website at www.invesco.com/ETFs.

3500 Lacey Road, Suite 700

Downers Grove, IL 60515

P-TRST1-SAR-2

invesco.com/ETFs