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Invesco Semi-Annual Report to Shareholders

 

October 31, 2021

 

PKW  Invesco BuyBack AchieversTM ETF

 

PFM  Invesco Dividend AchieversTM ETF

 

DJD  Invesco Dow Jones Industrial Average Dividend ETF

 

PGF  Invesco Financial Preferred ETF

 

PEY  Invesco High Yield Equity Dividend AchieversTM ETF

 

PID  Invesco International Dividend AchieversTM ETF


 

Table of Contents

 

Schedules of Investments   

Invesco BuyBack AchieversTM ETF (PKW)

     3  

Invesco Dividend AchieversTM ETF (PFM)

     6  

Invesco Dow Jones Industrial Average Dividend ETF (DJD)

     11  

Invesco Financial Preferred ETF (PGF)

     13  

Invesco High Yield Equity Dividend AchieversTM ETF (PEY)

     16  

Invesco International Dividend AchieversTM ETF (PID)

     18  
Statements of Assets and Liabilities      22  
Statements of Operations      24  
Statements of Changes in Net Assets      26  
Financial Highlights      28  
Notes to Financial Statements      34  
Fund Expenses      44  

 

   2   

 

 

 

 


 

Invesco BuyBack AchieversTM ETF (PKW)

October 31, 2021

(Unaudited)

Schedule of Investments(a)

 

     Shares      Value  

Common Stocks & Other Equity Interests-99.98%

 

Communication Services-6.67%

 

Altice USA, Inc., Class A(b)(c)

     636,494      $ 10,374,852  

AMC Networks, Inc., Class A(b)(c)

     72,103        2,868,978  

Charter Communications, Inc., Class A(b)

     119,245        80,477,258  

Discovery, Inc., Class A(b)(c)

     396,716        9,299,023  

Sinclair Broadcast Group, Inc., Class A(c)

     121,335        3,170,484  

Ziff Davis, Inc.(b)

     113,098        14,507,081  
     

 

 

 
        120,697,676  
     

 

 

 

Consumer Discretionary-11.30%

     

Bally’s Corp.(b)(c)

     104,621        4,792,688  

Caleres, Inc.

     89,786        2,070,465  

Cato Corp. (The), Class A

     48,747        859,410  

Citi Trends, Inc.(b)(c)

     21,296        1,647,459  

Dillard’s, Inc., Class A(c)

     39,011        9,017,003  

eBay, Inc.

     1,245,270        95,537,114  

Ethan Allen Interiors, Inc.(c)

     59,213        1,374,334  

Fiesta Restaurant Group, Inc.(b)

     62,080        654,323  

Flexsteel Industries, Inc.

     16,006        448,168  

Graham Holdings Co., Class B

     9,473        5,549,757  

H&R Block, Inc.

     426,646        9,842,723  

Haverty Furniture Cos., Inc., (Acquired 01/31/2020 - 10/29/2021;
Cost $1,266,498)(c)(d)

     39,937        1,146,192  

Murphy USA, Inc.

     60,638        9,880,962  

Service Corp. International

     393,177        26,928,693  

Toll Brothers, Inc.(c)

     285,576        17,183,108  

Travel + Leisure Co.

     202,474        11,002,437  

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

     266,976        6,458,149  
     

 

 

 
        204,392,985  
     

 

 

 

Consumer Staples-2.31%

     

Herbalife Nutrition Ltd.(b)(c)

     271,213        12,584,283  

Nu Skin Enterprises, Inc., Class A(c)

     117,627        4,722,724  

Post Holdings, Inc.(b)(c)

     149,472        15,168,419  

Spectrum Brands Holdings, Inc.(c)

     99,776        9,354,000  
     

 

 

 
        41,829,426  
     

 

 

 

Energy-1.53%

     

Antero Midstream Corp.(c)

     1,120,229        11,919,236  

Antero Resources Corp.(b)

     736,398        14,632,228  

Dorian LPG Ltd.

     94,564        1,146,116  
     

 

 

 
        27,697,580  
     

 

 

 

Financials-28.97%

     

Affiliated Managers Group, Inc.

     96,678        16,230,303  

Allstate Corp. (The)

     681,470        84,277,395  

Ameriprise Financial, Inc.

     266,874        80,630,642  

Apollo Commercial Real Estate Finance, Inc.

     328,223        4,969,296  

Assured Guaranty Ltd.

     171,289        9,520,243  

Atlantic Capital Bancshares, Inc.(b)

     47,635        1,310,439  

B. Riley Financial, Inc.(c)

     64,710        4,637,118  

Brighthouse Financial, Inc.(b)

     194,995        9,794,599  

Brightsphere Investment Group, Inc.

     186,268        5,584,315  

Carver Bancorp, Inc.(b)

     8,168        120,560  

CNO Financial Group, Inc.

     299,822        7,237,703  

Cowen, Inc., Class A(c)

     68,077        2,568,545  

Credit Acceptance Corp.(b)(c)

     36,771        21,996,780  
     Shares      Value  

Financials-(continued)

     

Diamond Hill Investment Group, Inc.

     7,515      $ 1,629,703  

Elevate Credit, Inc.(b)

     78,841        270,425  

Employers Holdings, Inc.

     66,379        2,562,229  

Equitable Holdings, Inc.

     967,406        32,408,101  

First Citizens BancShares, Inc., Class A(c)

     20,673        16,825,755  

Hanover Insurance Group, Inc. (The)

     83,769        10,554,894  

HomeStreet, Inc.(c)

     48,789        2,300,889  

Jefferies Financial Group, Inc.

     577,172        24,818,396  

LendingClub Corp.(b)

     231,341        10,632,432  

Loews Corp.

     603,621        33,845,029  

MBIA, Inc.(b)(c)

     127,648        1,983,650  

Meta Financial Group, Inc.

     74,892        4,152,012  

Midland States Bancorp, Inc.

     52,544        1,348,279  

Navient Corp.

     393,791        7,757,683  

PCSB Financial Corp.

     36,668        700,725  

PennyMac Financial Services, Inc.

     145,597        9,035,750  

Popular, Inc.

     189,273        15,414,393  

SLM Corp.

     717,493        13,165,996  

Synchrony Financial(c)

     1,336,644        62,087,114  

Universal Insurance Holdings, Inc.

     73,364        1,083,586  

Voya Financial, Inc.

     266,149        18,569,216  

Waterstone Financial, Inc.

     58,982        1,219,158  

World Acceptance Corp.(b)(c)

     15,879        2,943,808  
     

 

 

 
        524,187,161  
     

 

 

 

Health Care-13.35%

     

Biogen, Inc.(b)

     306,576        81,757,688  

DaVita, Inc.(b)

     245,885        25,385,167  

Halozyme Therapeutics, Inc.(b)

     333,950        12,713,477  

Ligand Pharmaceuticals, Inc.(b)(c)

     39,127        5,710,194  

McKesson Corp.

     362,902        75,440,068  

Molina Healthcare, Inc.(b)

     137,020        40,519,554  
     

 

 

 
        241,526,148  
     

 

 

 

Industrials-9.31%

     

Acuity Brands, Inc.(c)

     83,779        17,210,720  

Allison Transmission Holdings, Inc.

     248,125        8,277,450  

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

     156,124        27,057,850  

Carlisle Cos., Inc.(c)

     122,298        27,262,670  

Covenant Logistics Group, Inc., Class A(b)

     33,912        963,101  

FTI Consulting, Inc.(b)(c)

     80,425        11,574,766  

GrafTech International Ltd.

     628,509        6,725,046  

Masco Corp.

     579,900        38,012,445  

Meritor, Inc.(b)(c)

     164,572        4,005,683  

Moog, Inc., Class A

     68,689        5,188,080  

Primoris Services Corp.

     126,066        3,397,479  

Trinity Industries, Inc.(c)

     232,993        6,535,454  

Triton International Ltd. (Bermuda)

     158,121        9,833,545  

TrueBlue, Inc.(b)

     83,299        2,319,877  
     

 

 

 
        168,364,166  
     

 

 

 

Information Technology-24.12%

     

Arrow Electronics, Inc.(b)

     168,504        19,504,338  

Avaya Holdings Corp.(b)(c)

     197,581        3,678,958  

Citrix Systems, Inc.

     291,477        27,611,616  

Fortinet, Inc.(b)

     297,076        99,918,542  

HP, Inc.

     2,704,071        82,014,474  

Immersion Corp.(b)(c)

     77,199        616,820  

Intel Corp.

     1,628,340        79,788,660  

 

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

 

    3    

 

 

 

 


 

Invesco BuyBack AchieversTM ETF (PKW)–(continued)

October 31, 2021

(Unaudited)

    

 

     Shares      Value  

Information Technology-(continued)

     

MicroStrategy, Inc., Class A(b)(c)

     20,123      $ 14,389,152  

Oracle Corp.

     995,730        95,530,336  

Sanmina Corp.(b)

     152,727        5,765,444  

Xerox Holdings Corp.

     418,768        7,454,071  
     

 

 

 
        436,272,411  
     

 

 

 

Materials-1.64%

     

Graphic Packaging Holding Co.(c)

     720,406        14,357,692  

Louisiana-Pacific Corp.

     223,422        13,166,258  

Resolute Forest Products, Inc.

     185,606        2,182,727  
     

 

 

 
        29,706,677  
     

 

 

 

Real Estate-0.72%

     

City Office REIT, Inc.

     102,188        1,938,506  

SL Green Realty Corp.

     157,570        11,040,930  
     

 

 

 
        12,979,436  
     

 

 

 

Utilities-0.06%

     

Star Group L.P.

     92,924        1,054,687  
     

 

 

 

Total Common Stocks & Other Equity Interests
(Cost $1,777,376,009)

 

     1,808,708,353  
     

 

 

 

Money Market Funds-0.11%

 

Invesco Government & Agency Portfolio, Institutional Class, 0.03%(e)(f)
(Cost $1,951,266)

     1,951,266        1,951,266  
     

 

 

 

TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from securities on loan)-100.09%
(Cost $1,779,327,275)

 

     1,810,659,619  
     

 

 

 
     Shares      Value  

Investments Purchased with Cash Collateral from Securities on Loan

 

Money Market Funds-8.45%

 

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

     45,734,959      $ 45,734,959  

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

     107,065,361        107,108,188  
     

 

 

 

Total Investments Purchased with Cash Collateral from Securities on Loan
(Cost $152,843,146)

 

     152,843,147  
     

 

 

 

TOTAL INVESTMENTS IN SECURITIES-108.54%
(Cost $1,932,170,421)

 

     1,963,502,766  

OTHER ASSETS LESS LIABILITIES-(8.54)%

 

     (154,452,767
     

 

 

 

NET ASSETS-100.00%

 

   $ 1,809,049,999  
     

 

 

 

 

Investment Abbreviations:

REIT-Real Estate Investment Trust

Notes to Schedule of Investments:

(a) 

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

(b) 

Non-income producing security.

(c)

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

(d) 

Restricted security. The value of this security at October 31, 2021 represented less than 1% of the Fund’s Net Assets.

(e) 

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

 

     Value
April 30, 2021
   Purchases
at Cost
   Proceeds
from Sales
  Change in
Unrealized
Appreciation
   Realized
Gain
   Value
October 31, 2021
   Dividend
Income
Investments in Affiliated Money Market Funds:                                  

Invesco Government & Agency Portfolio, Institutional Class

     $ 1,541,414      $ 16,558,458      $ (16,148,606 )       $-          $-        $ 1,951,266      $ 233
Investments Purchased with Cash Collateral from Securities on Loan:                                  

Invesco Private Government Fund

       90,071,112        298,001,822        (342,337,975 )       -          -          45,734,959        2,981 *

Invesco Private Prime Fund

       135,106,669        482,605,113        (510,603,594 )       -          -          107,108,188        44,490 *
    

 

 

      

 

 

      

 

 

     

 

 

      

 

 

      

 

 

      

 

 

 

Total

     $ 226,719,195      $ 797,165,393      $ (869,090,175 )       $-          $-        $ 154,794,413      $ 47,704
    

 

 

      

 

 

      

 

 

     

 

 

      

 

 

      

 

 

      

 

 

 

 

*

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.

 

    4    

 

 

 

 


 

Invesco BuyBack AchieversTM ETF (PKW)–(continued)

October 31, 2021

(Unaudited)

 

(f)

The rate shown is the 7-day SEC standardized yield as of October 31, 2021.

(g)

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

 

 Portfolio Composition  
 Sector Breakdown (% of the Fund’s Net Assets)
 as of October 31, 2021
 

Financials

     28.97                          

Information Technology

     24.12     

Health Care

     13.35     

Consumer Discretionary

     11.30     

Industrials

     9.31     

Communication Services

     6.67     

Sector Types Each Less Than 3%

     6.26     

Money Market Funds Plus Other Assets Less Liabilities

     0.02     

 

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

 

    5    

 

 

 

 


 

Invesco Dividend AchieversTM ETF (PFM)

October 31, 2021

(Unaudited)

Schedule of Investments(a)

 

     Shares      Value  

Common Stocks & Other Equity Interests-99.92%

 

Communication Services-4.49%

     
Activision Blizzard, Inc.         34,949      $ 2,732,662  

AT&T, Inc.

     320,894        8,105,783  

Comcast Corp., Class A

     206,355        10,612,838  

John Wiley & Sons, Inc., Class A(b)

     2,096        113,540  

Telephone & Data Systems, Inc.

     4,849        90,870  

Verizon Communications, Inc.

     186,599        9,887,881  
     

 

 

 
          31,543,574  
     

 

 

 

Consumer Discretionary-9.17%

     

Best Buy Co., Inc.

     11,053        1,351,119  

Churchill Downs, Inc.

     1,798        413,540  

Dillard’s, Inc., Class A(b)

     747        172,662  

Gentex Corp.

     10,747        380,336  

Genuine Parts Co.

     6,463        847,364  

Hasbro, Inc.

     6,167        590,552  

Home Depot, Inc. (The)

     47,527        17,667,687  

Leggett & Platt, Inc.

     5,976        279,976  

Lithia Motors, Inc., Class A

     1,413        451,058  

Lowe’s Cos., Inc.

     31,126        7,277,881  

McDonald’s Corp.

     33,666        8,266,686  

Monro, Inc.(b)

     1,461        90,231  

NIKE, Inc., Class B

     57,619        9,639,083  

PetMed Express, Inc.

     887        25,217  

Polaris, Inc.(b)

     2,696        309,905  

Pool Corp.

     1,847        951,501  

Service Corp. International

     7,526        515,456  

Starbucks Corp.

     52,998        5,621,498  

Target Corp.

     21,936        5,695,024  

Thor Industries, Inc.(b)

     2,469        251,739  

Tractor Supply Co.

     5,150        1,118,425  

VF Corp.(b)

     17,667        1,287,571  

Whirlpool Corp.

     2,844        599,601  

Williams-Sonoma, Inc.

     3,385        628,696  
     

 

 

 
        64,432,808  
     

 

 

 

Consumer Staples-13.66%

     

Altria Group, Inc.

     82,868        3,655,308  

Andersons, Inc. (The)

     1,451        49,421  

Archer-Daniels-Midland Co.

     25,156        1,616,022  

Brown-Forman Corp., Class B

     13,941        946,455  

Casey’s General Stores, Inc.

     1,617        309,720  

Church & Dwight Co., Inc.

     11,034        963,930  

Clorox Co. (The)

     5,519        899,652  

Coca-Cola Co. (The)

     194,564        10,967,573  

Colgate-Palmolive Co.

     37,928        2,889,734  

Costco Wholesale Corp.

     19,877        9,770,341  

Flowers Foods, Inc.

     9,506        235,274  

Hershey Co. (The)

     6,560        1,150,296  

Hormel Foods Corp.

     24,347        1,030,365  

Ingredion, Inc.

     3,031        288,642  

J&J Snack Foods Corp.(b)

     831        122,614  

JM Smucker Co. (The)

     4,889        600,663  

Kellogg Co.

     15,301        937,951  

Kimberly-Clark Corp.

     15,121        1,958,018  

Kroger Co. (The)

     33,566        1,343,311  

Lancaster Colony Corp.

     1,200        204,000  

McCormick & Co., Inc.

     11,194        898,095  

Nu Skin Enterprises, Inc., Class A

     2,241        89,976  
     Shares      Value  

Consumer Staples-(continued)

     

PepsiCo, Inc.

     62,123      $ 10,039,077  

Philip Morris International, Inc.

     70,035        6,621,109  

Procter & Gamble Co. (The)

     109,382        15,640,532  

SpartanNash Co.(b)

     1,567        36,260  

Sysco Corp.

     23,039        1,771,699  

Tootsie Roll Industries, Inc.(b)

     1,731        54,786  

Universal Corp.

     1,071        50,337  

Walgreens Boots Alliance, Inc.

     38,864        1,827,385  

Walmart, Inc.

     126,167        18,851,873  

WD-40 Co.(b)

     598        135,746  
     

 

 

 
        95,956,165  
     

 

 

 

Energy-3.94%

     

Chevron Corp.

     87,173        9,980,437  

Enterprise Products Partners L.P.

     98,187        2,226,881  

Exxon Mobil Corp.

     190,768        12,298,813  

Magellan Midstream Partners L.P.

     9,934        486,766  

ONEOK, Inc.

     20,034        1,274,563  

Valero Energy Corp.

     18,373        1,420,784  
     

 

 

 
        27,688,244  
     

 

 

 

Financials-14.33%

     

1st Source Corp.

     1,090        52,625  

Aflac, Inc.

     30,121        1,616,594  

Allstate Corp. (The)

     13,275        1,641,719  

American Equity Investment Life Holding Co.

     4,143        132,037  

American Financial Group, Inc.

     3,805        517,632  

Ameriprise Financial, Inc.

     5,124        1,548,114  

Arthur J. Gallagher & Co.

     9,288        1,557,319  

Assurant, Inc.

     2,619        422,471  

Atlantic Union Bankshares Corp.

     3,463        124,218  

AXIS Capital Holdings Ltd.

     3,806        198,178  

BancFirst Corp.(b)

     1,429        92,899  

Bank of New York Mellon Corp. (The)

     38,785        2,296,072  

Bank OZK

     5,815        259,756  

BlackRock, Inc.

     6,855        6,467,418  

BOK Financial Corp.(b)

     3,121        315,752  

Brown & Brown, Inc.

     12,662        799,099  

Cambridge Bancorp

     304        27,910  

Cboe Global Markets, Inc.

     4,813        635,027  

Chubb Ltd.

     19,738        3,856,410  

Cincinnati Financial Corp.

     7,247        880,076  

CME Group, Inc., Class A

     16,152        3,562,324  

Cohen & Steers, Inc.(b)

     2,158        204,773  

Comerica, Inc.

     6,003        510,795  

Commerce Bancshares, Inc.

     5,257        370,671  

Community Bank System, Inc.(b)

     2,406        172,438  

Community Trust Bancorp, Inc.

     778        33,983  

Cullen/Frost Bankers, Inc.

     2,885        373,607  

Discover Financial Services

     13,440        1,523,021  

Erie Indemnity Co., Class A(b)

     2,069        425,821  

Evercore, Inc., Class A

     1,729        262,531  

FactSet Research Systems, Inc.

     1,721        763,935  

Fifth Third Bancorp.

     31,047        1,351,476  

Financial Institutions, Inc.(b)

     691        22,057  

First American Financial Corp.

     4,957        362,555  

First Financial Bankshares, Inc.(b)

     6,371        323,137  

First Financial Corp.

     569        24,382  

First of Long Island Corp. (The)

     1,033        20,794  

 

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

 

    6    

 

 

 

 


 

Invesco Dividend AchieversTM ETF (PFM)–(continued)

October 31, 2021

(Unaudited)

    

 

     Shares      Value  

Financials-(continued)

     

Franklin Resources, Inc.

     22,582      $ 711,107  

Globe Life, Inc.

     4,545        404,596  

Hanover Insurance Group, Inc. (The)

     1,557        196,182  

Hingham Institution for Savings (The)

     93        33,595  

Home BancShares, Inc.

     7,373        175,182  

Horace Mann Educators Corp.

     1,864        73,032  

Horizon Bancorp, Inc.

     1,971        37,587  

Huntington Bancshares, Inc.

     66,351        1,044,365  

Independent Bank Corp.(b)

     1,441        121,765  

International Bancshares Corp.

     2,873        121,815  

JPMorgan Chase & Co.

     134,529        22,855,132  

KeyCorp.

     42,958        999,633  

Lakeland Bancorp, Inc.

     2,261        40,653  

Lazard Ltd., Class A

     4,676        229,077  

Lincoln National Corp.

     8,468        610,966  

MarketAxess Holdings, Inc.

     1,728        706,182  

Marsh & McLennan Cos., Inc.

     22,746        3,794,033  

Mercury General Corp.

     2,469        134,536  

Moody’s Corp.

     8,392        3,391,627  

Morningstar, Inc.

     1,932        611,961  

Northwest Bancshares, Inc.

     5,697        78,619  

Old Republic International Corp.

     13,714        354,233  

PNC Financial Services Group, Inc. (The)

     19,078        4,026,030  

Primerica, Inc.

     1,721        289,541  

Principal Financial Group, Inc.

     12,086        810,850  

Prosperity Bancshares, Inc.

     4,161        313,365  

Prudential Financial, Inc.

     17,323        1,906,396  

Raymond James Financial, Inc.

     9,246        911,563  

Reinsurance Group of America, Inc.

     3,074        362,978  

RenaissanceRe Holdings Ltd. (Bermuda)(b)

     2,109        299,056  

RLI Corp.

     2,027        219,544  

S&P Global, Inc.(b)

     10,836        5,137,998  

Sandy Spring Bancorp, Inc.

     2,114        100,330  

SEI Investments Co.

     6,315        398,098  

Southside Bancshares, Inc.

     1,424        58,840  

State Street Corp.

     15,415        1,519,148  

Stock Yards Bancorp, Inc.

     1,159        70,989  

T. Rowe Price Group, Inc.

     10,223        2,217,164  

Tompkins Financial Corp.

     642        52,715  

Travelers Cos., Inc. (The)

     11,207        1,802,982  

Truist Financial Corp.

     60,007        3,808,644  

U.S. Bancorp

     66,615        4,021,548  

UMB Financial Corp.

     2,163        213,748  

United Bankshares, Inc.

     5,798        214,468  

Unum Group

     9,186        233,967  

W.R. Berkley Corp.

     7,959        633,536  

Washington Federal, Inc.

     3,072        108,626  

Washington Trust Bancorp, Inc.

     755        41,268  

Webster Financial Corp.

     4,059        227,142  

WesBanco, Inc.

     2,961        102,954  

Westamerica Bancorporation

     1,171        65,295  
     

 

 

 
        100,644,287  
     

 

 

 

Health Care-13.95%

     

Abbott Laboratories

     79,922        10,301,147  

AmerisourceBergen Corp.

     9,334        1,138,935  

Atrion Corp.(b)

     78        56,784  

Becton, Dickinson and Co.

     12,905        3,091,909  

Bristol-Myers Squibb Co.

     99,843        5,830,831  

Cardinal Health, Inc.

     13,047        623,777  
     Shares      Value  

Health Care-(continued)

     

Chemed Corp.

     686      $ 330,823  

Ensign Group, Inc. (The)

     2,459        191,827  

Hill-Rom Holdings, Inc.

     2,979        461,447  

Johnson & Johnson

     118,526        19,305,515  

McKesson Corp.

     6,963        1,447,468  

Medtronic PLC

     60,470        7,247,934  

Merck & Co., Inc.

     114,127        10,048,882  

National HealthCare Corp.

     672        47,000  

Perrigo Co. PLC

     5,994        270,629  

Pfizer, Inc.

     252,671        11,051,830  

STERIS PLC

     4,459        1,042,247  

Stryker Corp.

     16,935        4,505,895  

UnitedHealth Group, Inc.

     42,464        19,553,398  

West Pharmaceutical Services, Inc.

     3,335        1,433,650  
     

 

 

 
        97,981,928  
     

 

 

 

Industrials-13.10%

     

3M Co.

     25,996        4,644,965  

A.O. Smith Corp.

     5,972        436,374  

ABM Industries, Inc.

     3,037        133,658  

Applied Industrial Technologies, Inc.

     1,679        163,669  

Brady Corp., Class A

     2,170        113,035  

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

     5,907        572,920  

Carlisle Cos., Inc.

     2,327        518,735  

Caterpillar, Inc.

     24,582        5,014,974  

Cintas Corp.

     4,654        2,015,647  

CSX Corp.

     101,310        3,664,383  

Cummins, Inc.

     6,481        1,554,403  

Donaldson Co., Inc.

     5,640        338,456  

Douglas Dynamics, Inc.

     1,002        42,385  

Dover Corp.

     6,496        1,098,344  

Eaton Corp. PLC

     17,927        2,953,653  

Emerson Electric Co.

     26,886        2,608,211  

Expeditors International of Washington, Inc.

     7,626        939,981  

Fastenal Co.

     25,826        1,474,148  

Franklin Electric Co., Inc.

     2,079        179,584  

GATX Corp.(b)

     1,548        146,828  

General Dynamics Corp.

     12,572        2,548,973  

Gorman-Rupp Co. (The)

     1,139        48,430  

Graco, Inc.

     7,620        572,872  

Healthcare Services Group, Inc.

     3,365        64,574  

HEICO Corp.(b)

     2,419        337,184  

Hillenbrand, Inc.

     3,294        149,745  

HNI Corp.

     1,968        73,603  

Honeywell International, Inc.

     31,033        6,784,434  

Hubbell, Inc.

     2,426        483,672  

IDEX Corp.

     3,423        761,857  

Illinois Tool Works, Inc.

     14,171        3,229,146  

Insperity, Inc.

     1,683        210,375  

ITT, Inc.(b)

     3,864        363,486  

J.B. Hunt Transport Services, Inc.

     4,751        936,850  

L3Harris Technologies, Inc.

     9,035        2,082,929  

Lennox International, Inc.

     1,717        513,864  

Lincoln Electric Holdings, Inc.

     2,644        376,506  

Lindsay Corp.

     476        69,339  

Lockheed Martin Corp.

     12,457        4,139,710  

ManpowerGroup, Inc.

     2,419        233,796  

Matthews International Corp., Class A

     1,378        47,362  

McGrath RentCorp

     1,057        76,252  

MSA Safety, Inc.

     1,708        261,375  

 

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

 

    7    

 

 

 

 


 

Invesco Dividend AchieversTM ETF (PFM)–(continued)

October 31, 2021

(Unaudited)

    

 

     Shares      Value  

Industrials-(continued)

     

MSC Industrial Direct Co., Inc., Class A

     2,104      $ 176,883  

Nordson Corp.

     2,589        658,150  

Northrop Grumman Corp.

     7,200        2,571,984  

Raytheon Technologies Corp.

     67,771        6,022,131  

Regal Rexnord Corp.

     1,774        270,233  

Republic Services, Inc.

     14,319        1,927,337  

Resources Connection, Inc.

     1,434        24,966  

Robert Half International, Inc

     5,046        570,551  

Rockwell Automation, Inc.

     5,223        1,668,226  

Roper Technologies, Inc.

     4,761        2,322,749  

Ryder System, Inc.

     2,399        203,795  

Snap-on, Inc.

     2,408        489,378  

Standex International Corp.

     532        59,196  

Stanley Black & Decker, Inc.

     7,324        1,316,343  

Tennant Co.

     814        64,680  

Toro Co. (The)

     4,832        461,311  

Trane Technologies PLC

     10,689        1,933,961  

Trinity Industries, Inc.(b)

     4,439        124,514  

Union Pacific Corp.

     29,309        7,075,193  

United Parcel Service, Inc., Class B

     32,740        6,989,008  

W.W. Grainger, Inc.

     2,325        1,076,731  

Waste Management, Inc.

     18,908        3,029,629  
     

 

 

 
        92,017,636  
     

 

 

 

Information Technology-17.11%

     

Accenture PLC, Class A

     28,525        10,234,485  

Analog Devices, Inc.

     24,143        4,188,569  

Automatic Data Processing, Inc.

     18,994        4,263,963  

Badger Meter, Inc.

     1,272        130,062  

Broadcom, Inc.

     18,495        9,833,237  

Broadridge Financial Solutions, Inc.

     5,229        932,906  

Cass Information Systems, Inc.

     624        25,578  

Corning, Inc.

     38,387        1,365,425  

HP, Inc.

     53,964        1,636,728  

International Business Machines Corp.

     40,285        5,039,653  

Jack Henry & Associates, Inc.

     3,337        555,544  

KLA Corp.

     6,879        2,564,216  

Littelfuse, Inc.

     1,073        316,052  

Microchip Technology, Inc.

     24,646        1,826,022  

Microsoft Corp.

     91,756        30,428,125  

Oracle Corp.

     125,781        12,067,429  

Paychex, Inc.

     16,182        1,994,917  

QUALCOMM, Inc.

     50,715        6,747,124  

TE Connectivity Ltd.

     14,739        2,151,894  

Texas Instruments, Inc.

     41,512        7,782,670  

Visa, Inc., Class A

     75,989        16,092,190  
     

 

 

 
        120,176,789  
     

 

 

 

Materials-3.38%

     

Air Products and Chemicals, Inc.

     9,925        2,975,614  

Albemarle Corp.

     5,263        1,318,224  

AptarGroup, Inc.

     2,986        360,649  

Ashland Global Holdings, Inc.(b)

     2,703        259,515  

Avery Dennison Corp.

     3,723        810,572  

Balchem Corp.

     1,411        216,010  

Celanese Corp.

     5,009        809,004  

Eastman Chemical Co.

     6,084        632,918  

Ecolab, Inc.

     12,857        2,857,083  

H.B. Fuller Co.

     2,345        165,346  

Hawkins, Inc.

     925        33,920  

International Flavors & Fragrances, Inc.

     11,188        1,649,671  
     Shares      Value  

Materials-(continued)

     

International Paper Co.

     17,588      $ 873,596  

Neenah, Inc.

     735        37,147  

Nucor Corp.

     13,189        1,472,552  

Packaging Corp. of America

     4,251        583,960  

PPG Industries, Inc.

     10,678        1,714,566  

Quaker Houghton

     779        191,509  

Reliance Steel & Aluminum Co.

     2,878        420,648  

Royal Gold, Inc.

     2,970        294,089  

RPM International, Inc.(b)

     5,822        507,678  

Scotts Miracle-Gro Co. (The)

     2,488        369,368  

Sensient Technologies Corp.

     1,893        180,971  

Sherwin-Williams Co. (The)

     11,809        3,738,847  

Silgan Holdings, Inc.

     4,978        200,116  

Sonoco Products Co.

     4,396        254,748  

Stepan Co.

     979        117,500  

Westlake Chemical Corp.

     5,752        559,900  

Worthington Industries, Inc.(b)

     2,304        125,153  
     

 

 

 
        23,730,874  
     

 

 

 

Real Estate-1.83%

     

Alexandria Real Estate Equities, Inc.

     6,862        1,400,808  

CoreSite Realty Corp.

     1,982        282,356  

CubeSmart

     9,071        498,996  

Digital Realty Trust, Inc.

     12,705        2,004,976  

Douglas Emmett, Inc.

     7,870        257,191  

Equity LifeStyle Properties, Inc.

     8,231        695,602  

Essex Property Trust, Inc.

     2,945        1,001,094  

Extra Space Storage, Inc.

     5,998        1,183,825  

Federal Realty Investment Trust

     3,500        421,225  

Iron Mountain, Inc.(b)

     13,004        593,502  

Mid-America Apartment Communities, Inc.

     5,223        1,066,589  

National Health Investors, Inc.(b)

     2,054        110,464  

National Retail Properties, Inc.

     7,875        357,210  

Omega Healthcare Investors, Inc.

     10,744        315,444  

Realty Income Corp.

     17,525        1,251,811  

UDR, Inc.

     13,326        739,993  

Universal Health Realty Income Trust

     601        34,239  

WP Carey, Inc.(b)

     8,534        658,057  
     

 

 

 
        12,873,382  
     

 

 

 

Utilities-4.96%

     

ALLETE, Inc.

     2,334        143,634  

Alliant Energy Corp.

     11,240        635,847  

American Electric Power Co., Inc.

     22,469        1,903,349  

American States Water Co.

     1,610        146,252  

American Water Works Co., Inc.

     8,132        1,416,432  

Atmos Energy Corp.

     5,867        540,468  

Avista Corp.

     3,147        125,282  

Black Hills Corp

     2,877        190,975  

Brookfield Infrastructure Partners L.P. (Canada)

     13,268        780,556  

California Water Service Group

     2,302        140,146  

Chesapeake Utilities Corp.

     766        100,400  

CMS Energy Corp.

     13,013        785,335  

Consolidated Edison, Inc.

     15,901        1,198,935  

DTE Energy Co.

     8,722        988,639  

Duke Energy Corp.

     34,584        3,527,914  

Edison International

     17,048        1,072,831  

Essential Utilities, Inc.

     11,044        519,841  

Evergy, Inc.

     10,326        658,282  

Eversource Energy

     15,421        1,309,243  

 

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

 

    8    

 

 

 

 


 

Invesco Dividend AchieversTM ETF (PFM)–(continued)

October 31, 2021

(Unaudited)

    

 

     Shares      Value  

Utilities-(continued)

     

MDU Resources Group, Inc.

     9,100      $ 279,643  

MGE Energy, Inc.

     1,577        119,679  

Middlesex Water Co.

     763        84,022  

National Fuel Gas Co.

     4,085        234,602  

New Jersey Resources Corp.(b)

     4,314        163,112  

NextEra Energy, Inc.

     88,163        7,522,949  

Northwest Natural Holding Co.

     1,337        60,285  

NorthWestern Corp.(b)

     2,303        130,949  

OGE Energy Corp.

     9,002        306,698  

Portland General Electric Co.

     4,008        197,634  

PPL Corp.

     34,596        996,365  

Sempra Energy

     14,361        1,832,894  

SJW Group

     1,299        85,630  

South Jersey Industries, Inc.(b)

     5,067        115,325  

Southern Co. (The)

     47,590        2,965,809  

Southwest Gas Holdings, Inc.

     2,631        182,197  

Spire, Inc.

     2,308        144,850  

UGI Corp.

     9,391        407,663  

WEC Energy Group, Inc.

     14,191        1,278,041  

Xcel Energy, Inc.

     24,188        1,562,303  

York Water Co. (The)

     571        27,362  
     

 

 

 
        34,882,373  
     

 

 

 

Total Common Stocks & Other Equity Interests (Cost $533,317,317)

        701,928,060  
     

 

 

 
     Shares      Value  

Money Market Funds-0.05%

     

Invesco Government & Agency Portfolio, Institutional Class,
0.03%(c)(d)
(Cost $378,587)

     378,587      $ 378,587  
     

 

 

 

TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from securities on loan)-99.97%
(Cost $533,695,904)

 

     702,306,647  
     

 

 

 

Investments Purchased with Cash Collateral from Securities on Loan

 

Money Market Funds-1.79%

     

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

     3,766,018        3,766,018  

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

     8,790,167        8,793,683  
     

 

 

 

Total Investments Purchased with Cash Collateral from Securities on Loan
(Cost $12,559,701)

 

     12,559,701  
     

 

 

 

TOTAL INVESTMENTS IN SECURITIES-101.76%
(Cost $546,255,605)

 

     714,866,348  

OTHER ASSETS LESS LIABILITIES-(1.76)%

 

     (12,362,940
     

 

 

 

NET ASSETS-100.00%

      $ 702,503,408  
     

 

 

 

 

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, 2021.

(c) 

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

 

     Value
April 30, 2021
   Purchases
at Cost
   Proceeds
from Sales
  Change in
Unrealized
Appreciation
   Realized
Gain
   Value
October 31, 2021
   Dividend
Income
Investments in Affiliated Money Market Funds:                                  

Invesco Government & Agency Portfolio, Institutional Class

     $ 504,143      $ 10,188,107      $ (10,313,663 )       $-          $-        $ 378,587      $ 95
Investments Purchased with Cash Collateral from Securities on Loan:                                  

Invesco Private Government Fund

       698,686        14,092,745        (11,025,413 )       -          -          3,766,018        160 *

Invesco Private Prime Fund

       1,124,866        31,040,302        (23,371,485 )       -          -          8,793,683        2,234 *
    

 

 

      

 

 

      

 

 

     

 

 

      

 

 

      

 

 

      

 

 

 

Total

     $ 2,327,695      $ 55,321,154      $ (44,710,561 )       $-          $-        $ 12,938,288      $ 2,489
    

 

 

      

 

 

      

 

 

     

 

 

      

 

 

      

 

 

      

 

 

 

 

*

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

 

(d) 

The rate shown is the 7-day SEC standardized yield as of October 31, 2021.

(e)

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

 

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

 

    9    

 

 

 

 


 

Invesco Dividend AchieversTM ETF (PFM)–(continued)

October 31, 2021

(Unaudited)

    

 

 Portfolio Composition

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

 as of October 31, 2021

Information Technology

     17.11  

Financials

     14.33  

Health Care

     13.95  

Consumer Staples

     13.66  

Industrials

     13.10  

Consumer Discretionary

     9.17  

Utilities

     4.96  

Communication Services

     4.49  

Energy

     3.94  

Materials

     3.38  

Real Estate

     1.83  

Money Market Funds Plus Other Assets Less Liabilities

     0.08  

 

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

 

    10    

 

 

 

 


 

Invesco Dow Jones Industrial Average Dividend ETF (DJD)

October 31, 2021

(Unaudited)

Schedule of Investments(a)

 

     Shares      Value  

Common Stocks & Other Equity Interests-99.82%

 

Communication Services-6.60%

     
Verizon Communications, Inc.      217,345      $ 11,517,113  
     

 

 

 

Consumer Discretionary-7.67%

     

Home Depot, Inc. (The)

     15,751        5,855,277  

McDonald’s Corp.

     23,474        5,764,041  

NIKE, Inc., Class B

     10,552        1,765,244  
     

 

 

 
        13,384,562  
     

 

 

 

Consumer Staples-15.62%

     

Coca-Cola Co. (The)

     138,573        7,811,360  

Procter & Gamble Co. (The)

     43,788        6,261,246  

Walgreens Boots Alliance, Inc.

     196,575        9,242,956  

Walmart, Inc.

     26,304        3,930,344  
     

 

 

 
        27,245,906  
     

 

 

 

Energy-9.78%

     

Chevron Corp.

     148,909        17,048,591  
     

 

 

 

Financials-11.57%

     

American Express Co.

     16,882        2,933,754  

Goldman Sachs Group, Inc. (The)

     12,379        5,116,860  

JPMorgan Chase & Co.

     36,948        6,277,096  

Travelers Cos., Inc. (The)

     36,403        5,856,514  
     

 

 

 
        20,184,224  
     

 

 

 

Health Care-16.42%

     

Amgen, Inc.

     37,711        7,805,046  

Johnson & Johnson

     37,884        6,170,546  

Merck & Co., Inc.

     119,834        10,551,384  

UnitedHealth Group, Inc.

     8,935        4,114,298  
     

 

 

 
        28,641,274  
     

 

 

 
     Shares      Value  

Industrials-9.80%

     

3M Co.

     42,548      $ 7,602,477  

Caterpillar, Inc.

     26,524        5,411,161  

Honeywell International, Inc.

     18,629        4,072,672  
     

 

 

 
        17,086,310  
     

 

 

 

Information Technology-16.25%

     

Apple, Inc.

     10,050        1,505,490  

Cisco Systems, Inc.

     111,892        6,262,595  

Intel Corp.

     123,341        6,043,709  

International Business Machines Corp.

     88,109        11,022,436  

Microsoft Corp.

     6,485        2,150,556  

Visa, Inc., Class A

     6,413        1,358,081  
     

 

 

 
        28,342,867  
     

 

 

 

Materials-6.11%

     
Dow, Inc.      190,322        10,652,322  
     

 

 

 

Total Common Stocks & Other Equity Interests
(Cost $166,788,936)

 

     174,103,169  
     

 

 

 

Money Market Funds-0.04%

     

Invesco Government & Agency Portfolio, Institutional Class, 0.03%(b)(c)
(Cost $79,177)

     79,177        79,177  
     

 

 

 

TOTAL INVESTMENTS IN SECURITIES-99.86%
(Cost $166,868,113)

 

     174,182,346  

OTHER ASSETS LESS LIABILITIES-0.14%

 

     239,001  
     

 

 

 

NET ASSETS-100.00%

 

   $ 174,421,347  
     

 

 

 

 

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) 

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

 

    

Value
April 30, 2021

   Purchases
at Cost
   Proceeds
from
Sales
  Change in
Unrealized
Appreciation
   Realized
Gain
   Value
October 31, 2021
   Dividend
Income
Investments in Affiliated Money Market Funds:                                  

Invesco Government & Agency Portfolio, Institutional Class

       $36,023        $2,525,661        $(2,482,507)       $-        $-        $79,177        $16

 

(c) 

The rate shown is the 7-day SEC standardized yield as of October 31, 2021.

 

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

 

    11    

 

 

 

 


 

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

October 31, 2021

(Unaudited)

 

 Portfolio Composition

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

 as of October 31, 2021

Health Care

     16.42  

Information Technology

     16.25  

Consumer Staples

     15.62  

Financials

     11.57  

Industrials

     9.80  

Energy

     9.78  

Consumer Discretionary

     7.67  

Communication Services

     6.60  

Materials

     6.11  

Money Market Funds Plus Other Assets Less Liabilities

     0.18  

 

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

 

    12    

 

 

 

 


 

Invesco Financial Preferred ETF (PGF)

October 31, 2021

(Unaudited)

Schedule of Investments(a)

 

     Shares      Value  

Preferred Stocks-99.77%

     

Banks-58.05%

     
Bank of America Corp.      

Series PP, Pfd., 4.13%(b)

     841,287      $ 21,065,826  

Series NN, Pfd., 4.38%(b)

     1,010,217        25,659,512  

Series LL, Pfd., 5.00%

     1,188,317        31,775,597  

Series KK, Pfd., 5.38%

     1,205,525        32,705,893  

Series HH, Pfd., 5.88%

     693,743        18,737,998  

Series GG, Pfd., 6.00%

     1,160,845        30,901,694  

Bank OZK, Series A, Pfd., 4.63%

     80,000        2,000,000  

Citigroup, Inc.

     

Series K, Pfd., 6.88%(c)

     1,376,943        39,050,103  

Series J, Pfd., 7.13%(c)

     878,080        24,665,267  

Citizens Financial Group, Inc.

     

Series E, Pfd., 5.00%(b)

     424,253        11,246,947  

Series D, Pfd., 6.35%(c)

     276,547        7,732,254  

Fifth Third Bancorp

     

Series K, Pfd., 4.95%

     238,029        6,317,290  

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

     414,232        11,909,170  

First Citizens BancShares, Inc., Series A, Pfd., 5.38%(b)

     315,804        8,684,610  

First Republic Bank

     

Series M, Pfd., 4.00%

     689,774        16,816,690  

Series K, Pfd., 4.13%(b)

     472,115        11,826,481  

Series L, Pfd., 4.25%

     685,557        17,228,047  

Series J, Pfd., 4.70%(b)

     366,778        9,833,318  

Series I, Pfd., 5.50%

     277,232        7,352,193  

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

     466,734        11,878,380  

JPMorgan Chase & Co.

     

Series MM, Pfd., 4.20%(b)

     1,795,908        45,167,086  

Series JJ, Pfd., 4.55%(b)

     1,309,478        34,190,471  

Series LL, Pfd., 4.63%

     1,608,675        42,050,765  

Series GG, Pfd., 4.75%

     827,655        21,701,114  

Series DD, Pfd., 5.75%(b)

     1,475,593        40,209,909  

Series EE, Pfd., 6.00%

     1,603,187        44,472,407  

KeyCorp

     

Series G, Pfd., 5.63%

     412,137        11,424,438  

Series F, Pfd., 5.65%

     396,339        10,772,494  

Series E, Pfd., 6.13%(c)

     460,058        14,100,778  

People’s United Financial, Inc., Series A, Pfd., 5.63%(c)

     233,477        6,595,725  

PNC Financial Services Group, Inc. (The), Series P, Pfd., 6.13%(c)

     1,366,372        35,143,088  

Regions Financial Corp.

     

Series E, Pfd., 4.45%

     374,167        9,541,259  

Series C, Pfd., 5.70%(c)

     463,770        13,375,127  

Series B, Pfd., 6.38%(c)

     460,947        13,090,895  

Signature Bank, Series A, Pfd., 5.00%

     675,575        17,497,393  

SVB Financial Group, Series A, Pfd., 5.25%(b)

     326,448        8,614,963  

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

     323,739        8,702,104  

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

     270,785        7,192,050  

Truist Financial Corp.

     

Series R, Pfd., 4.75%

     852,609        22,722,030  

Series O, Pfd., 5.25%(b)

     529,672        14,873,190  
     Shares      Value  

Banks-(continued)

     

U.S. Bancorp

     

Series L, Pfd., 3.75%

     473,469      $ 11,472,154  

Series M, Pfd., 4.00%(b)

     689,316        17,239,793  

Series K, Pfd., 5.50%(b)

     525,050        14,239,356  

Series F, Pfd., 6.50%(c)

     1,005,301        25,514,539  

Wells Fargo & Co.

     

Series DD, Pfd., 4.25%(b)

     1,155,851        28,850,041  

Series CC, Pfd., 4.38%(b)

     972,464        24,447,745  

Series AA, Pfd., 4.70%

     1,020,803        26,428,590  

Series Z, Pfd., 4.75%(b)

     1,736,077        44,964,394  

Series Y, Pfd., 5.63%

     634,013        16,439,957  

Series Q, Pfd., 5.85%(c)

     1,467,579        39,551,254  

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

     705,203        19,851,464  

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

     275,138        7,225,124  
     

 

 

 
        1,045,048,967  
     

 

 

 

Capital Markets-13.09%

     

Apollo Global Management, Inc., Series A, Pfd., 6.38%

     166,248        4,330,761  

Charles Schwab Corp. (The)

     

Series J, Pfd., 4.45%

     575,329        15,154,166  

Series D, Pfd., 5.95%

     680,569        17,483,818  

Goldman Sachs Group, Inc. (The)

     

Series J, Pfd., 5.50%(c)

     923,058        24,811,799  

Series K, Pfd., 6.38%(c)

     646,673        18,339,646  

Morgan Stanley

     

Series L, Pfd., 4.88%

     455,848        12,262,311  

Series K, Pfd., 5.85%(c)

     884,560        26,059,138  

Series I, Pfd., 6.38%(c)

     879,050        25,158,411  

Series F, Pfd., 6.88%(c)

     721,513        20,382,742  

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

     756,395        21,481,618  

Northern Trust Corp., Series E, Pfd., 4.70%

     368,118        10,027,534  

State Street Corp.

     

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

     459,791        13,476,474  

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

     688,967        19,628,670  

Stifel Financial Corp., Series D, Pfd., 4.50%

     274,452        6,998,526  
     

 

 

 
        235,595,614  
     

 

 

 

Consumer Finance-7.29%

     

Capital One Financial Corp.

     

Series N, Pfd., 4.25%(b)

     371,161        9,405,220  

Series L, Pfd., 4.38%

     603,173        15,344,721  

Series J, Pfd., 4.80%(b)

     1,109,716        29,063,462  

Series I, Pfd., 5.00%

     1,337,141        35,608,065  

Series G, Pfd., 5.20%

     531,778        13,464,619  

Series H, Pfd., 6.00%

     394,667        10,016,648  

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

     688,460        18,361,228  
     

 

 

 
        131,263,963  
     

 

 

 

 

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

 

    13    

 

 

 

 


 

Invesco Financial Preferred ETF (PGF)–(continued)

October 31, 2021

(Unaudited)

    

 

     Shares      Value  

Diversified Financial Services-1.94%

     

Equitable Holdings, Inc.

     

Series C, Pfd., 4.30%(b)

     280,461      $ 7,078,836  

Series A, Pfd., 5.25%

     739,401        19,653,278  

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

     274,880        8,108,960  
     

 

 

 
        34,841,074  
     

 

 

 

Insurance-17.86%

     

Allstate Corp. (The)

     

Series I, Pfd., 4.75%(b)

     278,596        7,577,811  

Series H, Pfd., 5.10%

     1,050,129        28,458,496  

Series G, Pfd., 5.63%(b)

     526,479        14,346,553  

American Equity Investment Life Holding Co.

     

Series A, Pfd., 5.95%(c)

     368,522        10,281,764  

Series B, Pfd., 6.63%(c)

     284,391        8,142,114  

American International Group, Inc., Series A, Pfd., 5.85%

     456,785        12,442,823  

Arch Capital Group Ltd.

     

Series G, Pfd., 4.55%(b)

     467,546        12,132,819  

Series F, Pfd., 5.45%(b)

     304,238        7,919,315  

Aspen Insurance Holdings Ltd.

     

Pfd., 5.63% (Bermuda)

     230,650        6,375,166  

Pfd., 5.63% (Bermuda)(b)

     233,848        6,187,618  

Pfd., 5.95% (Bermuda)(b)(c)

     255,812        6,981,110  

Athene Holding Ltd.

     

Series D, Pfd., 4.88%

     546,789        14,145,431  

Series B, Pfd., 5.63%

     309,095        8,441,384  

Series A, Pfd., 6.35%(b)(c)

     798,212        23,858,557  

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

     563,849        16,283,959  

AXIS Capital Holdings Ltd., Series E, Pfd., 5.50%

     503,105        12,688,308  

Brighthouse Financial, Inc.

     

Series C, Pfd., 5.38%

     524,345        13,905,629  

Series A, Pfd., 6.60%

     427,912        11,763,301  

Series B, Pfd., 6.75%

     366,027        10,387,846  

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

     368,265        10,786,482  

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

     318,071        8,820,109  

MetLife, Inc.

     

Series F, Pfd., 4.75%

     935,122        25,098,675  

Series E, Pfd., 5.63%

     738,607        20,149,199  
     Shares      Value  

Insurance-(continued)

     

Prudential PLC

     

Pfd., 6.50% (United Kingdom)(b)

     177,793      $ 4,547,945  

Pfd., 6.75% (United Kingdom)(b)

     69,158        1,766,987  

RenaissanceRe Holdings Ltd.

     

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

     466,329        11,742,164  

Series F, Pfd., 5.75% (Bermuda)

     233,684        6,353,868  
     

 

 

 
        321,585,433  
     

 

 

 

Thrifts & Mortgage Finance-1.19%

     

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

     482,016        14,098,968  

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

     274,489        7,230,040  
     

 

 

 
        21,329,008  
     

 

 

 

Trading Companies & Distributors-0.35%

 

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

     232,477        6,286,178  
     

 

 

 

TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from securities on loan)-99.77%
(Cost $1,743,009,213)

 

     1,795,950,237  
     

 

 

 

Investments Purchased with Cash Collateral from Securities on Loan

 

  

Money Market Funds-3.56%

 

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

     19,235,543        19,235,543  

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

     44,864,988        44,882,934  
     

 

 

 

Total Investments Purchased with Cash Collateral from Securities on Loan
(Cost $64,118,477)

 

     64,118,477  
     

 

 

 

TOTAL INVESTMENTS IN SECURITIES-103.33%
(Cost $1,807,127,690)

 

     1,860,068,714  

OTHER ASSETS LESS LIABILITIES-(3.33)%

 

     (59,880,702
     

 

 

 

NET ASSETS-100.00%

 

   $ 1,800,188,012  
     

 

 

 

 

Investment Abbreviations:

Pfd. -Preferred

 

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

 

    14    

 

 

 

 


 

Invesco Financial Preferred ETF (PGF)–(continued)

October 31, 2021

(Unaudited)

    

 

Notes to Schedule of Investments:

(a) 

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

(b) 

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

(c) 

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

(d) 

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

 

     Value
April 30, 2021
   Purchases
at Cost
   Proceeds
from Sales
  Change in
Unrealized
Appreciation
   Realized
Gain
   Value
October 31, 2021
   Dividend
Income
Investments in Affiliated Money Market Funds:                                  

Invesco Government & Agency Portfolio, Institutional Class

     $ 11,481,962      $ 211,465,455      $ (222,947,417 )     $ -      $ -      $ -        $ 1,281
Investments Purchased with Cash Collateral from Securities on Loan:                                  

Invesco Private Government Fund

       27,670,665        31,441,387        (39,876,509 )       -        -        19,235,543        1,534 *

Invesco Private Prime Fund

       41,510,348        78,131,782        (74,759,196 )       -        -        44,882,934        22,438 *
    

 

 

      

 

 

      

 

 

     

 

 

      

 

 

      

 

 

      

 

 

 

Total

     $ 80,662,975      $ 321,038,624      $ (337,583,122 )     $ -      $ -      $ 64,118,477      $ 25,253
    

 

 

      

 

 

      

 

 

     

 

 

      

 

 

      

 

 

      

 

 

 

 

*

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

 

(e)

The rate shown is the 7-day SEC standardized yield as of October 31, 2021.

(f) 

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

 

 Portfolio Composition

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

 as of October 31, 2021

Banks

     58.05  

Insurance

     17.86  

Capital Markets

     13.09  

Consumer Finance

     7.29  

Industry Types Each Less Than 3%

     3.48  

Money Market Funds Plus Other Assets Less Liabilities

     0.23  

 

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

 

    15    

 

 

 

 


 

Invesco High Yield Equity Dividend AchieversTM ETF (PEY)

October 31, 2021

(Unaudited)

Schedule of Investments(a)

 

     Shares      Value  

Common Stocks & Other Equity Interests-99.92%

 

Banks-7.61%

     
Comerica, Inc.      227,747      $ 19,378,992  

Huntington Bancshares, Inc.

     1,137,901        17,910,562  

United Bankshares, Inc.(b)

     485,173        17,946,549  

WesBanco, Inc.

     514,378        17,884,923  
     

 

 

 
        73,121,026  
     

 

 

 

Beverages-1.40%

     

Coca-Cola Co. (The)

     239,464        13,498,586  
     

 

 

 

Capital Markets-3.53%

     

Franklin Resources, Inc.(b)

     482,453        15,192,445  

Lazard Ltd., Class A

     382,733        18,750,090  
     

 

 

 
        33,942,535  
     

 

 

 

Commercial Services & Supplies-1.52%

     

HNI Corp.(b)

     391,879        14,656,275  
     

 

 

 

Containers & Packaging-1.34%

     

International Paper Co.

     259,684        12,898,504  
     

 

 

 

Diversified Telecommunication Services-5.42%

 

  

AT&T, Inc.

     1,265,391        31,963,776  

Verizon Communications, Inc.

     379,523        20,110,924  
     

 

 

 
        52,074,700  
     

 

 

 

Electric Utilities-12.19%

     

ALLETE, Inc.

     252,318        15,527,650  

Duke Energy Corp.

     162,015        16,527,150  

Edison International

     358,896        22,585,325  

OGE Energy Corp.

     587,308        20,009,583  

PPL Corp.(b)

     881,436        25,385,357  

Southern Co. (The)

     275,255        17,153,892  
     

 

 

 
        117,188,957  
     

 

 

 

Food & Staples Retailing-1.63%

     

Walgreens Boots Alliance, Inc.

     333,878        15,698,944  
     

 

 

 

Food Products-4.75%

     

Flowers Foods, Inc.(b)

     644,156        15,942,861  

JM Smucker Co. (The)

     110,350        13,557,601  

Kellogg Co.(b)

     263,887        16,176,273  
     

 

 

 
        45,676,735  
     

 

 

 

Gas Utilities-5.49%

     

National Fuel Gas Co.

     305,022        17,517,414  

Northwest Natural Holding Co.

     331,758        14,958,968  

South Jersey Industries, Inc.(b)

     893,565        20,337,539  
     

 

 

 
        52,813,921  
     

 

 

 

Health Care Providers & Services-1.61%

     

Cardinal Health, Inc.

     323,469        15,465,053  
     

 

 

 

Household Durables-1.54%

     

Leggett & Platt, Inc.(b)

     316,446        14,825,495  
     

 

 

 

Household Products-1.43%

     

Kimberly-Clark Corp.

     106,460        13,785,505  
     

 

 

 

Industrial Conglomerates-1.32%

     

3M Co.

     71,279        12,736,132  
     

 

 

 

Insurance-9.21%

     

Mercury General Corp.(b)

     324,265        17,669,200  

Old Republic International Corp.

     588,671        15,205,372  

Principal Financial Group, Inc.(b)

     241,835        16,224,710  
     Shares      Value  

Insurance-(continued)

     

Prudential Financial, Inc.

     185,639      $ 20,429,572  

Unum Group

     745,527        18,988,573  
     

 

 

 
        88,517,427  
     

 

 

 

IT Services-1.98%

     

International Business Machines Corp.

     151,881        19,000,313  
     

 

 

 

Multi-Utilities-5.39%

     

Avista Corp.

     436,781        17,388,252  

Consolidated Edison, Inc.

     248,283        18,720,538  

NorthWestern Corp.(b)

     275,906        15,688,015  
     

 

 

 
        51,796,805  
     

 

 

 

Oil, Gas & Consumable Fuels-14.03%

     

Chevron Corp.

     256,915        29,414,198  

Exxon Mobil Corp.

     535,499        34,523,621  

ONEOK, Inc.

     620,176        39,455,597  

Valero Energy Corp.

     407,773        31,533,086  
     

 

 

 
        134,926,502  
     

 

 

 

Pharmaceuticals-3.28%

     

Merck & Co., Inc.

     194,210        17,100,190  

Pfizer, Inc.

     329,774        14,424,315  
     

 

 

 
        31,524,505  
     

 

 

 

Road & Rail-1.45%

     

Ryder System, Inc.

     163,604        13,898,160  
     

 

 

 

Thrifts & Mortgage Finance-3.02%

     

Northwest Bancshares, Inc.

     2,104,601        29,043,494  
     

 

 

 

Tobacco-7.60%

     

Altria Group, Inc.

     623,631        27,508,363  

Philip Morris International, Inc.

     206,951        19,565,148  

Universal Corp.

     552,020        25,944,940  
     

 

 

 
        73,018,451  
     

 

 

 

Trading Companies & Distributors-1.69%

     

MSC Industrial Direct Co., Inc., Class A

     193,504        16,267,881  
     

 

 

 

Wireless Telecommunication Services-1.49%

 

  

Telephone & Data Systems, Inc.

     764,362        14,324,144  
     

 

 

 

TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from securities on loan)-99.92%
(Cost $871,812,735)

 

     960,700,050  
     

 

 

 

Investments Purchased with Cash Collateral from Securities on Loan

 

Money Market Funds-5.50%

 

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

     15,856,382        15,856,382  

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

     36,983,432        36,998,226  
     

 

 

 

Total Investments Purchased with Cash Collateral from Securities on Loan
(Cost $52,854,607)

 

     52,854,608  
     

 

 

 

TOTAL INVESTMENTS IN SECURITIES-105.42%
(Cost $924,667,342)

 

     1,013,554,658  

OTHER ASSETS LESS LIABILITIES-(5.42)%

 

     (52,142,605
     

 

 

 

NET ASSETS-100.00%

 

   $ 961,412,053  
     

 

 

 

 

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

 

    16    

 

 

 

 


 

Invesco High Yield Equity Dividend AchieversTM ETF (PEY)–(continued)

October 31, 2021

(Unaudited)

    

 

Notes to Schedule of Investments:

(a)

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

(b) 

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

(c) 

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

 

     Value
April 30, 2021
   Purchases
at Cost
   Proceeds
from Sales
  Change in
Unrealized
Appreciation
   Realized
Gain
   Value
October 31, 2021
   Dividend
Income
Investments in Affiliated Money Market Funds:                                  

Invesco Government & Agency

                                 

Portfolio, Institutional Class

     $ -      $ 16,224,099      $ (16,224,099 )     $ -      $ -      $ -      $ 99
Investments Purchased with Cash Collateral from Securities on Loan:                                  

Invesco Private Government Fund

       7,776,139        91,731,900        (83,651,657 )       -        -        15,856,382        593 *

Invesco Private Prime Fund

       11,664,209        168,802,505        (143,468,489 )       1        -        36,998,226        8,838 *
    

 

 

      

 

 

      

 

 

     

 

 

      

 

 

      

 

 

      

 

 

 

Total

     $ 19,440,348      $ 276,758,504      $ (243,344,245 )     $ 1      $ -      $ 52,854,608      $ 9,530
    

 

 

      

 

 

      

 

 

     

 

 

      

 

 

      

 

 

      

 

 

 

 

*

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

 

(d) 

The rate shown is the 7-day SEC standardized yield as of October 31, 2021.

(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, 2021

Oil, Gas & Consumable Fuels

     14.03  

Electric Utilities

     12.19  

Insurance

     9.21  

Banks

     7.61  

Tobacco

     7.60  

Gas Utilities

     5.49  

Diversified Telecommunication Services

     5.42  

Multi-Utilities

     5.39  

Food Products

     4.75  

Capital Markets

     3.53  

Pharmaceuticals

     3.28  

Thrifts & Mortgage Finance

     3.02  

Industry Types Each Less Than 3%

     18.40  

Money Market Funds Plus Other Assets Less Liabilities

     0.08  

 

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

 

    17    

 

 

 

 


 

Invesco International Dividend AchieversTM ETF (PID)

October 31, 2021

(Unaudited)

Schedule of Investments

 

     Shares      Value  

Common Stocks & Other Equity Interests-99.64%

 

Brazil-3.17%

     
Cia Paranaense de Energia, ADR(a)(b)      3,840,904      $ 19,627,019  
     

 

 

 

Canada-69.08%

     

Agnico Eagle Mines Ltd.

     188,575        10,003,904  

Algonquin Power & Utilities Corp.(b)

     1,175,013        16,955,438  

Bank of Montreal(b)

     150,078        16,284,964  

Bank of Nova Scotia (The)

     329,199        21,582,286  

BCE, Inc.

     443,777        22,841,202  

Brookfield Asset Management, Inc., Class A

     73,273        4,424,956  

Brookfield Infrastructure Partners L.P.

     281,606        16,566,881  

Brookfield Renewable Partners L.P.

     325,876        13,067,628  

Canadian Imperial Bank of Commerce

     154,083        18,684,105  

Canadian National Railway Co.

     60,564        8,049,561  

Canadian Natural Resources Ltd.

     575,878        24,480,574  

Canadian Pacific Railway Ltd.(b)

     56,067        4,339,586  

Enbridge, Inc.

     615,565        25,767,551  

FirstService Corp.

     8,952        1,789,684  

Fortis, Inc.

     339,712        15,120,581  

Franco-Nevada Corp.

     22,630        3,232,243  

Imperial Oil Ltd.(b)

     470,499        15,940,506  

Magna International, Inc.

     120,954        9,833,560  

Manulife Financial Corp.

     1,046,032        20,387,164  

Open Text Corp.

     115,178        5,799,212  

Pembina Pipeline Corp.(b)

     794,672        26,295,696  

Restaurant Brands International, Inc.(b)

     226,999        12,857,223  

Ritchie Bros. Auctioneers, Inc.

     103,524        7,075,865  

Royal Bank of Canada

     143,136        14,887,575  

Stantec, Inc.

     95,645        5,289,169  

Sun Life Financial, Inc.

     294,586        16,782,564  

TC Energy Corp.

     509,650        27,572,065  

TELUS Corp.(b)

     817,226        18,755,337  

TFI International, Inc.

     30,700        3,402,481  

Toronto-Dominion Bank (The)

     261,621        18,970,139