LOGO  

 

Invesco Semi-Annual Report to Shareholders

 

 

February 28, 2023

 

 

RWL

 

  

Invesco S&P 500 Revenue ETF

 

 

RWK

 

  

Invesco S&P MidCap 400 Revenue ETF

 

 

RWJ

 

  

Invesco S&P SmallCap 600 Revenue ETF

 

  RDIV   Invesco S&P Ultra Dividend Revenue ETF

 

Table of Contents

 

Schedules of Investments   

Invesco S&P 500 Revenue ETF (RWL)

      3  

Invesco S&P MidCap 400 Revenue ETF (RWK)

      9  

Invesco S&P SmallCap 600 Revenue ETF (RWJ)

      14  

Invesco S&P Ultra Dividend Revenue ETF (RDIV)

      21  
Statements of Assets and Liabilities      23  
Statements of Operations      24  
Statements of Changes in Net Assets      26  
Financial Highlights      28  
Notes to Financial Statements      32  
Fund Expenses      41  

 

    2    

 

  

 

 

 

Invesco S&P 500 Revenue ETF (RWL)

February 28, 2023

(Unaudited)

Schedule of Investments(a)

 

     Shares   Value  

Common Stocks & Other Equity Interests-99.79%

 

Communication Services-8.25%

     

Activision Blizzard, Inc.

      10,484       $ 799,405  

Alphabet, Inc., Class A(b)

     162,261       14,613,226  

Alphabet, Inc., Class C(b)

     161,853       14,615,326  

AT&T, Inc.

      780,304       14,755,549  

Charter Communications, Inc., Class A(b)(c)

     15,117       5,557,160  

Comcast Corp., Class A

      368,465       13,695,844  

DISH Network Corp., Class A(b)(c)

     124,004       1,414,886  

Electronic Arts, Inc.

      6,215       689,492  

Fox Corp., Class A

      24,127       844,928  

Fox Corp., Class B

      25,694       828,631  

Interpublic Group of Cos., Inc. (The)

      36,291       1,289,782  

Live Nation Entertainment, Inc.(b)(c)

     22,495       1,620,990  

Lumen Technologies, Inc.(c)

     364,893       1,240,636  

Match Group, Inc.(b)

     7,884       326,555  

Meta Platforms, Inc., Class A(b)

     109,413       19,140,710  

Netflix, Inc.(b)

     10,580       3,408,135  

News Corp., Class A

      30,729       527,002  

News Corp., Class B(c)

     30,323       523,375  

Omnicom Group, Inc.

      20,205       1,829,967  

Paramount Global, Class B(c)

     169,759       3,636,238  

Take-Two Interactive Software, Inc.(b)(c)

     4,536       496,919  

T-Mobile US, Inc.(b)

     60,920       8,661,606  

Verizon Communications, Inc.

      389,344       15,110,441  

Walt Disney Co. (The)(b)

     95,194       9,482,274  

Warner Bros Discovery, Inc.(b)(c)

     251,920       3,934,990  
    

 

 

  
          139,044,067  
    

 

 

  

Consumer Discretionary-13.29%

     

Advance Auto Parts, Inc.

      8,121       1,177,220  

Amazon.com, Inc.(b)

     605,485       57,054,852  

Aptiv PLC(b)

     19,486       2,265,832  

AutoZone, Inc.(b)

     734       1,825,120  

Bath & Body Works, Inc.

      19,477       796,025  

Best Buy Co., Inc.(c)

     62,885       5,226,372  

Booking Holdings, Inc.(b)

     857       2,163,068  

BorgWarner, Inc.

      40,596       2,041,167  

Caesars Entertainment, Inc.(b)

     22,976       1,166,262  

CarMax, Inc.(b)(c)

     55,091       3,803,483  

Carnival Corp.(b)(c)

     115,996       1,231,878  

Chipotle Mexican Grill, Inc.(b)

     600       894,648  

D.R. Horton, Inc.(c)

     42,159       3,898,864  

Darden Restaurants, Inc.

      7,331       1,048,260  

Dollar General Corp.

      16,033       3,467,938  

Dollar Tree, Inc.(b)

     20,945       3,042,890  

Domino’s Pizza, Inc.

      1,308       384,565  

eBay, Inc.

      24,141       1,108,072  

Etsy, Inc.(b)(c)

     2,078       252,290  

Expedia Group, Inc.(b)

     12,866       1,402,008  

Ford Motor Co.

      1,235,921       14,917,566  

Garmin Ltd.

      5,560       545,603  

General Motors Co.

      412,832       15,993,112  

Genuine Parts Co.

      12,548       2,219,239  

Hasbro, Inc.

      11,148       613,251  

Hilton Worldwide Holdings, Inc.

      6,374       921,107  

Home Depot, Inc. (The)

      52,758       15,644,857  

Las Vegas Sands Corp.(b)

     9,045       519,816  

Lennar Corp., Class A

      39,251       3,797,142  
     Shares   Value  

Consumer Discretionary-(continued)

 

LKQ Corp.

      26,093       $ 1,494,868  

Lowe’s Cos., Inc.

      51,063       10,506,212  

Marriott International, Inc., Class A

      12,999       2,199,951  

McDonald’s Corp.

      9,151       2,415,040  

MGM Resorts International(c)

     37,081       1,594,854  

Mohawk Industries, Inc.(b)

     12,737       1,310,000  

Newell Brands, Inc.

      79,443       1,167,018  

NIKE, Inc., Class B

      46,307       5,500,809  

Norwegian Cruise Line Holdings Ltd.(b)(c)

      26,580       393,916  

NVR, Inc.(b)

     228       1,179,585  

O’Reilly Automotive, Inc.(b)

     1,831       1,519,913  

Pool Corp.

      1,971       703,371  

PulteGroup, Inc.

      37,554       2,053,077  

Ralph Lauren Corp.(c)

     6,373       753,225  

Ross Stores, Inc.

           17,225       1,904,052  

Royal Caribbean Cruises Ltd.(b)(c)

     13,728       969,746  

Starbucks Corp.

      34,036       3,474,735  

Tapestry, Inc.

      19,749       859,279  

Target Corp.

      76,653       12,916,030  

Tesla, Inc.(b)

     44,865       9,229,179  

TJX Cos., Inc. (The)

      67,738       5,188,731  

Tractor Supply Co.

      6,655       1,552,345  

Ulta Beauty, Inc.(b)

     2,255       1,169,894  

VF Corp.

      44,866       1,113,574  

Whirlpool Corp.

      15,331       2,115,371  

Wynn Resorts Ltd.(b)(c)

     4,778       517,792  

Yum! Brands, Inc.

      5,631       716,038  
    

 

 

  
          223,941,112  
    

 

 

  

Consumer Staples-11.24%

 

Altria Group, Inc.

      47,392       2,200,411  

Archer-Daniels-Midland Co.

      115,603       9,201,999  

Brown-Forman Corp., Class B

      6,304       408,940  

Campbell Soup Co.

      16,492       866,160  

Church & Dwight Co., Inc.

      7,099       594,754  

Clorox Co. (The)(c)

     5,075       788,858  

Coca-Cola Co. (The)

      72,276       4,301,145  

Colgate-Palmolive Co.

      24,401       1,788,593  

Conagra Brands, Inc.

      33,166       1,207,574  

Constellation Brands, Inc., Class A

      4,185       936,184  

Costco Wholesale Corp.

      50,445       24,424,460  

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

      7,692       1,869,541  

General Mills, Inc.

      23,914       1,901,402  

Hershey Co. (The)

      4,566       1,088,169  

Hormel Foods Corp.

      28,359       1,258,572  

JM Smucker Co. (The)

      5,648       835,283  

Kellogg Co.

      22,071       1,455,362  

Keurig Dr Pepper, Inc.

      38,487       1,329,726  

Kimberly-Clark Corp.

      15,863       1,983,668  

Kraft Heinz Co. (The)

      69,450       2,704,383  

Kroger Co. (The)

      338,397       14,598,447  

Lamb Weston Holdings, Inc.

      5,322       535,606  

McCormick & Co., Inc.

      8,012       595,452  

Molson Coors Beverage Co., Class B

      21,824       1,160,819  

Mondelez International, Inc., Class A

      48,855       3,184,369  

Monster Beverage Corp.(b)

     6,654       677,111  

PepsiCo, Inc.

      49,003       8,503,491  

 

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

 

    3    

 

  

 

 

 

Invesco S&P 500 Revenue ETF (RWL)–(continued)

February 28, 2023

(Unaudited)

 

 

     Shares   Value  

Consumer Staples-(continued)

     

Philip Morris International, Inc. (Switzerland)

      33,417     $ 3,251,474  

Procter & Gamble Co. (The)

      57,436         7,900,896  

Sysco Corp.

      93,069       6,940,155  

Tyson Foods, Inc., Class A

      89,680       5,312,643  

Walgreens Boots Alliance, Inc.

      352,374       12,519,848  

Walmart, Inc.

      443,588       63,047,162  
    

 

 

  
       189,372,657  
    

 

 

  

Energy-10.11%

     

APA Corp.

      27,879       1,069,996  

Baker Hughes Co., Class A

      83,076       2,542,126  

Chevron Corp.

      146,050       23,480,458  

ConocoPhillips

      73,198       7,565,013  

Coterra Energy, Inc.

      40,282       1,005,842  

Devon Energy Corp.

      37,028       1,996,550  

Diamondback Energy, Inc.

      7,958       1,118,736  

EOG Resources, Inc.

      25,671       2,901,336  

EQT Corp.(c)

     37,181       1,233,666  

Exxon Mobil Corp.

      405,139       44,528,827  

Halliburton Co.

      61,561       2,230,355  

Hess Corp.

      8,920       1,201,524  

Kinder Morgan, Inc.

      121,958       2,080,603  

Marathon Oil Corp.

      31,350       788,453  

Marathon Petroleum Corp.

      174,068       21,514,805  

Occidental Petroleum Corp.

      61,347       3,592,480  

ONEOK, Inc.

      39,774       2,603,208  

Phillips 66

         177,869       18,242,245  

Pioneer Natural Resources Co.

      12,448       2,494,704  

Schlumberger Ltd

      60,721       3,230,964  

Targa Resources Corp.

      35,581       2,636,552  

Valero Energy Corp.

      160,184       21,101,038  

Williams Cos., Inc. (The)

      36,919       1,111,262  
    

 

 

  
          170,270,743  
    

 

 

  

Financials-12.06%

     

Aflac, Inc.

      32,035       2,183,185  

Allstate Corp. (The)

      42,440       5,465,423  

American Express Co.

      36,726       6,389,957  

American International Group, Inc.

      101,163       6,182,071  

Ameriprise Financial, Inc.

      5,608       1,922,815  

Aon PLC, Class A

      4,367       1,327,786  

Arch Capital Group Ltd.(b)

     15,514       1,085,980  

Arthur J. Gallagher & Co.

      4,679       876,611  

Assurant, Inc.

      8,292       1,056,318  

Bank of America Corp.

      350,050       12,006,715  

Bank of New York Mellon Corp. (The)

      42,860       2,180,717  

Berkshire Hathaway, Inc., Class B(b)

     103,722       31,653,880  

BlackRock, Inc.

      2,750       1,895,933  

Brown & Brown, Inc.

      6,343       355,652  

Capital One Financial Corp.

      40,763       4,446,428  

Cboe Global Markets, Inc.

      3,297       415,982  

Charles Schwab Corp. (The)

      27,934       2,176,617  

Chubb Ltd.

      20,838       4,397,235  

Cincinnati Financial Corp.

      6,847       826,433  

Citigroup, Inc.

      221,832       11,244,664  

Citizens Financial Group, Inc.

      21,480       897,005  

CME Group, Inc., Class A

      2,956       547,924  

Comerica, Inc.

      5,277       369,918  

Discover Financial Services

      14,976       1,677,312  

Everest Re Group Ltd.

      3,844       1,475,981  
     Shares   Value  

Financials-(continued)

     

FactSet Research Systems, Inc.

      422     $ 174,940  

Fifth Third Bancorp

           29,570                1,073,391  

First Republic Bank

      5,670       697,467  

Franklin Resources, Inc.(c)

     32,997       972,422  

Globe Life, Inc.

      4,754       578,514  

Goldman Sachs Group, Inc. (The)

      17,050       5,995,632  

Hartford Financial Services Group, Inc. (The)

      31,784       2,488,052  

Huntington Bancshares, Inc.

      54,029       827,724  

Intercontinental Exchange, Inc.

      9,548       971,986  

Invesco Ltd.(d)

     35,565       628,078  

JPMorgan Chase & Co.

      112,755       16,163,429  

KeyCorp

      47,147       862,319  

Lincoln National Corp.

      64,628       2,050,000  

Loews Corp.

      26,375       1,611,249  

M&T Bank Corp.

      5,252       815,583  

MarketAxess Holdings, Inc.

      258       88,094  

Marsh & McLennan Cos., Inc.

      13,086       2,121,764  

MetLife, Inc.

      109,494       7,854,005  

Moody’s Corp.

      2,111       612,507  

Morgan Stanley

      73,558       7,098,347  

MSCI, Inc.

      528       275,695  

Nasdaq, Inc.

      10,360       580,782  

Northern Trust Corp.

      8,941       851,809  

PNC Financial Services Group, Inc. (The)

      14,283       2,255,571  

Principal Financial Group, Inc.

      22,439       2,009,637  

Progressive Corp. (The)

      40,354       5,791,606  

Prudential Financial, Inc.

      65,222       6,522,200  

Raymond James Financial, Inc.

      11,246       1,219,741  

Regions Financial Corp.

      34,248       798,663  

S&P Global, Inc.

      3,202       1,092,522  

Signature Bank

      2,842       326,972  

State Street Corp.

      15,909       1,410,810  

SVB Financial Group(b)

     3,211       925,121  

Synchrony Financial

      37,966       1,355,766  

T. Rowe Price Group, Inc.(c)

     6,187       694,676  

Travelers Cos., Inc. (The)

      20,945       3,877,338  

Truist Financial Corp.

      61,242       2,875,312  

U.S. Bancorp

      63,581       3,034,721  

W.R. Berkley Corp.

      15,629       1,034,484  

Wells Fargo & Co.

      173,629       8,120,628  

Willis Towers Watson PLC

      3,885       910,489  

Zions Bancorporation N.A

      6,958       352,214  
    

 

 

  
       203,060,802  
    

 

 

  

Health Care-16.95%

     

Abbott Laboratories

      44,969       4,574,247  

AbbVie, Inc.

      38,053       5,856,357  

Agilent Technologies, Inc.

      4,794       680,604  

Align Technology, Inc.(b)

     2,174       672,853  

AmerisourceBergen Corp.

      155,109       24,128,756  

Amgen, Inc.

      10,049       2,327,951  

Baxter International, Inc.

      30,118       1,203,214  

Becton, Dickinson and Co.

      8,515       1,997,193  

Biogen, Inc.(b)

     3,623       977,703  

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

     770       367,937  

Bio-Techne Corp.

      1,493       108,452  

Boston Scientific Corp.(b)

     29,117       1,360,346  

Bristol-Myers Squibb Co.

      63,741       4,395,579  

Cardinal Health, Inc.

      259,171       19,621,836  

 

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

 

    4    

 

  

 

 

 

Invesco S&P 500 Revenue ETF (RWL)–(continued)

February 28, 2023

(Unaudited)

 

 

     Shares   Value  

Health Care-(continued)

     

Catalent, Inc.(b)

          11,556       $ 788,350  

Centene Corp.(b)

     176,217            12,053,243  

Charles River Laboratories International, Inc.(b)(c)

     1,920       421,133  

Cigna Group (The)

      58,297       17,028,554  

Cooper Cos., Inc. (The)

      1,105       361,302  

CVS Health Corp.

      333,139       27,830,432  

Danaher Corp.

      12,479       3,088,927  

DaVita, Inc.(b)

     16,757       1,378,431  

DENTSPLY SIRONA, Inc.

      14,292       544,096  

DexCom, Inc.(b)

     2,575       285,851  

Edwards Lifesciences Corp.(b)

     7,765       624,617  

Elevance Health, Inc.

      31,342       14,720,397  

Eli Lilly and Co.

      8,705       2,709,170  

GE HealthCare Technologies, Inc.(b)(c) 

      33,044       2,511,344  

Gilead Sciences, Inc.

      32,997       2,657,248  

HCA Healthcare, Inc.

      27,123       6,603,094  

Henry Schein, Inc.(b)

     16,625       1,301,904  

Hologic, Inc.(b)

     7,044       560,984  

Humana, Inc.

      18,404       9,110,348  

IDEXX Laboratories, Inc.(b)

     890       421,184  

Illumina, Inc.(b)

     2,454       488,837  

Incyte Corp.(b)

     4,352       335,017  

Intuitive Surgical, Inc.(b)

     2,429       557,188  

IQVIA Holdings, Inc.(b)

     7,335       1,529,127  

Johnson & Johnson.

      58,881       9,024,102  

Laboratory Corp. of America Holdings

      6,996       1,674,563  

McKesson Corp.

      78,697       27,528,998  

Medtronic PLC

      42,149       3,489,937  

Merck & Co., Inc.

      59,089       6,277,615  

Mettler-Toledo International, Inc.(b)

     299       428,679  

Moderna, Inc.(b)

     13,008       1,805,640  

Molina Healthcare, Inc.(b)

     9,815       2,702,364  

Organon & Co.

      25,322       620,136  

PerkinElmer, Inc.

      3,513       437,614  

Pfizer, Inc.

      207,975       8,437,546  

Quest Diagnostics, Inc.

      7,408       1,024,971  

Regeneron Pharmaceuticals, Inc.(b)

     1,959       1,489,663  

ResMed, Inc.

      1,766       376,158  

STERIS PLC

      2,663       500,724  

Stryker Corp.

      7,857       2,065,448  

Teleflex, Inc.

      1,197       285,161  

Thermo Fisher Scientific, Inc.

      8,472       4,589,791  

UnitedHealth Group, Inc.

      62,784       29,881,417  

Universal Health Services, Inc., Class B

      11,100       1,482,627  

Vertex Pharmaceuticals, Inc.(b)

     2,930       850,550  

Viatris, Inc.

      165,219       1,883,497  

Waters Corp.(b)

     943       293,169  

West Pharmaceutical Services, Inc.

      1,286       407,701  

Zimmer Biomet Holdings, Inc.

      6,156       762,544  

Zoetis, Inc.

      5,576       931,192  
    

 

 

  
       285,435,613  
    

 

 

  

Industrials-9.85%

     

3M Co.

      29,697       3,199,555  

A.O. Smith Corp.

      7,004       459,673  

Alaska Air Group, Inc.(b)

     21,756       1,040,589  

Allegion PLC.

      3,044       343,089  

American Airlines Group, Inc.(b)(c)

     358,959       5,736,165  

AMETEK, Inc.

      4,640       656,838  
     Shares   Value  

Industrials-(continued)

     

Boeing Co. (The)(b)

     36,711     $ 7,399,102  

C.H. Robinson Worldwide, Inc.

           29,691                2,967,912  

Carrier Global Corp.

      50,860       2,290,226  

Caterpillar, Inc.

      26,756       6,409,400  

Cintas Corp.

      1,921       842,301  

Copart, Inc.(b)

     6,021       424,240  

CoStar Group, Inc.(b)

     2,800       197,848  

CSX Corp.

      49,565       1,511,237  

Cummins, Inc.

      11,797       2,867,615  

Deere & Co.

      12,962       5,434,189  

Delta Air Lines, Inc.(b)

     148,133       5,679,419  

Dover Corp.

      6,504       974,950  

Eaton Corp. PLC

      13,644       2,386,745  

Emerson Electric Co.

      22,320       1,846,087  

Equifax, Inc.(c)

     2,801       567,287  

Expeditors International of Washington, Inc.

      18,860       1,972,002  

Fastenal Co.(c)

     14,312       737,927  

FedEx Corp.

      59,105       12,011,318  

Fortive Corp.

      9,220       614,605  

Generac Holdings, Inc.(b)(c)

     5,293       635,213  

General Dynamics Corp.

      16,896       3,850,767  

General Electric Co.

      99,133       8,397,556  

Honeywell International, Inc.

      17,749       3,398,578  

Howmet Aerospace, Inc.

      15,298       645,270  

Huntington Ingalls Industries, Inc.

      4,819       1,037,049  

IDEX Corp.

      1,434       322,621  

Illinois Tool Works, Inc.

      7,652       1,784,140  

Ingersoll Rand, Inc.

      11,493       667,398  

J.B. Hunt Transport Services, Inc.

      8,818       1,594,206  

Jacobs Solutions, Inc.

      13,134       1,569,513  

Johnson Controls International PLC

      41,333       2,592,406  

L3Harris Technologies, Inc.

      8,345       1,762,381  

Leidos Holdings, Inc.

      14,221       1,380,432  

Lockheed Martin Corp.

      14,373       6,816,539  

Masco Corp.

      19,034       997,953  

Nordson Corp.

      1,150       252,586  

Norfolk Southern Corp.

      5,416       1,217,625  

Northrop Grumman Corp.

      7,150       3,318,386  

Old Dominion Freight Line, Inc.

      2,278       772,834  

Otis Worldwide Corp.

      18,849       1,595,002  

PACCAR, Inc.

      43,803       3,162,577  

Parker-Hannifin Corp.

      6,060       2,132,211  

Pentair PLC(c)

     9,754       545,639  

Quanta Services, Inc.

      11,962       1,930,667  

Raytheon Technologies Corp.

      72,108       7,073,074  

Republic Services, Inc.

      10,175       1,311,863  

Robert Half International, Inc.

      10,672       860,377  

Rockwell Automation, Inc.

      3,210       946,725  

Rollins, Inc.

      7,322       257,734  

Snap-on, Inc.(c)

     2,191       544,858  

Southwest Airlines Co.

      63,894       2,145,561  

Stanley Black & Decker, Inc.

      23,005       1,969,458  

Textron, Inc.

      18,742       1,359,357  

Trane Technologies PLC

      9,469       1,751,481  

TransDigm Group, Inc.

      951       707,420  

Union Pacific Corp.

      12,372       2,564,468  

United Airlines Holdings, Inc.(b)

     101,772       5,288,073  

United Parcel Service, Inc., Class B

      60,940       11,120,941  

United Rentals, Inc.

      3,396       1,591,128  

 

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

 

    5    

 

  

 

 

 

Invesco S&P 500 Revenue ETF (RWL)–(continued)

February 28, 2023

(Unaudited)

 

 

     Shares   Value  

Industrials-(continued)

     

Verisk Analytics, Inc.

      1,778     $ 304,234  

W.W. Grainger, Inc.

      2,697       1,802,756  

Wabtec Corp.

      8,675       905,063  

Waste Management, Inc.

           12,470         1,867,507  

Xylem, Inc.

      5,173       531,008  
    

 

 

  
          165,852,954  
    

 

 

  

Information Technology-11.25%

     

Accenture PLC, Class A

      22,919       6,086,140  

Adobe, Inc.(b)

     5,614       1,818,655  

Advanced Micro Devices, Inc.(b)

     36,039       2,831,945  

Akamai Technologies, Inc.(b)

     4,325       313,995  

Amphenol Corp., Class A

      16,917       1,311,406  

Analog Devices, Inc.

      7,644       1,402,445  

ANSYS, Inc.(b)

     895       271,731  

Apple, Inc.

      298,034       43,933,192  

Applied Materials, Inc.

      25,958       3,015,022  

Arista Networks, Inc.(b)

     3,299       457,571  

Autodesk, Inc.(b)

     2,687       533,880  

Automatic Data Processing, Inc.

      7,038       1,547,093  

Broadcom, Inc.

      6,252       3,715,501  

Broadridge Financial Solutions, Inc.

      4,370       615,209  

Cadence Design Systems, Inc.(b)

     2,262       436,430  

CDW Corp.

      13,930       2,819,711  

Ceridian HCM Holding, Inc.(b)(c)

     1,959       142,870  

Cisco Systems, Inc.

      115,786       5,606,358  

Cognizant Technology Solutions Corp., Class A

      35,525       2,224,931  

Corning, Inc.

      46,701       1,585,499  

DXC Technology Co.(b)

     62,482       1,733,251  

Enphase Energy, Inc.(b)

     650       136,844  

EPAM Systems, Inc.(b)

     1,475       453,784  

F5, Inc.(b)(c)

     1,924       275,094  

Fidelity National Information Services, Inc.

      22,068       1,398,449  

Fiserv, Inc.(b)

     18,470       2,125,712  

FleetCor Technologies, Inc.(b)

     1,945       417,767  

Fortinet, Inc.(b)

     8,397       499,118  

Gartner, Inc.(b)

     1,653       541,870  

Gen Digital, Inc.

      13,553       264,419  

Global Payments, Inc.

      9,755       1,094,511  

Hewlett Packard Enterprise Co.

      188,198       2,937,771  

HP, Inc.

      237,410       7,008,343  

Intel Corp.

      264,276       6,588,401  

International Business Machines Corp.

      44,226       5,718,422  

Intuit, Inc.

      3,564       1,451,189  

Jack Henry & Associates, Inc.

      1,159       190,354  

Juniper Networks, Inc.

      17,034       524,307  

Keysight Technologies, Inc.(b)

     3,227       516,191  

KLA Corp.

      2,684       1,018,256  

Lam Research Corp.

      4,275       2,077,693  

Mastercard, Inc., Class A

      6,660       2,366,231  

Microchip Technology, Inc.

      10,769       872,612  

Micron Technology, Inc.

      60,278       3,485,274  

Microsoft Corp.

      88,838       22,157,974  

Monolithic Power Systems, Inc.

      514       248,925  

Motorola Solutions, Inc.

      3,540       930,347  

NetApp, Inc.

      10,902       703,724  

NVIDIA Corp.

      18,050       4,190,488  

NXP Semiconductors N.V. (China)

      8,148       1,454,255  

ON Semiconductor Corp.(b)

     12,250       948,272  
     Shares   Value  

Information Technology-(continued)

     

Oracle Corp.

      59,420     $ 5,193,308  

Paychex, Inc.

             4,248                 468,979  

Paycom Software, Inc.(b)

     423       122,272  

PayPal Holdings, Inc.(b)

     39,061       2,874,890  

PTC, Inc.(b)

     1,710         214,314  

Qorvo, Inc.(b)

     4,921       496,480  

QUALCOMM, Inc.

      39,915       4,930,700  

Roper Technologies, Inc.

      1,435       617,337  

salesforce.com, inc.(b)

     24,841       4,064,236  

Seagate Technology Holdings PLC

      20,897       1,349,110  

ServiceNow, Inc.(b)

     1,877       811,183  

Skyworks Solutions, Inc.

      6,211       692,961  

SolarEdge Technologies, Inc.(b)(c)

     940       298,845  

Synopsys, Inc.(b)

     1,672       608,207  

TE Connectivity Ltd.

      14,309       1,821,822  

Teledyne Technologies, Inc.(b)

     1,447       622,311  

Teradyne, Inc.

      3,821       386,456  

Texas Instruments, Inc.

      12,401       2,126,151  

Trimble, Inc.(b)

     6,977       363,223  

Tyler Technologies, Inc.(b)

     583       187,289  

VeriSign, Inc.(b)

     727       143,095  

Visa, Inc., Class A(c)

     15,048       3,309,657  

Western Digital Corp.(b)

     52,380       2,015,582  

Zebra Technologies Corp., Class A(b)

     2,436       731,409  
    

 

 

  
       189,449,249  
    

 

 

  

Materials-3.36%

     

Air Products and Chemicals, Inc.

      4,340       1,241,153  

Albemarle Corp.

      2,375       603,986  

Amcor PLC

      128,334       1,429,641  

Avery Dennison Corp.

      5,530       1,007,511  

Ball Corp.

      30,944       1,739,362  

Celanese Corp.

      10,027       1,165,438  

CF Industries Holdings, Inc.

      12,069       1,036,607  

Corteva, Inc.

      29,093       1,812,203  

Dow, Inc.

      127,372       7,285,678  

DuPont de Nemours, Inc.

      22,041       1,609,654  

Eastman Chemical Co.

      13,639       1,162,043  

Ecolab, Inc.

      9,876       1,573,938  

FMC Corp.

      4,736       611,654  

Freeport-McMoRan, Inc.

      66,406       2,720,654  

International Flavors & Fragrances, Inc.

      12,592       1,173,574  

International Paper Co.

      62,882       2,288,276  

Linde PLC (United Kingdom)

      10,889       3,793,401  

LyondellBasell Industries N.V., Class A

      69,800       6,700,102  

Martin Marietta Materials, Inc.

      1,850       665,760  

Mosaic Co. (The)

      42,240       2,246,746  

Newmont Corp.

      27,984       1,220,382  

Nucor Corp.

      31,530       5,279,383  

Packaging Corp. of America

      6,779       926,825  

PPG Industries, Inc.

      14,479       1,912,097  

Sealed Air Corp.

      12,166       591,511  

Sherwin-Williams Co. (The)

      9,317       2,062,318  

Vulcan Materials Co.

      4,226       764,526  

WestRock Co.

      63,388       1,990,383  
    

 

 

  
       56,614,806  
    

 

 

  

Real Estate-0.91%

     

Alexandria Real Estate Equities, Inc.(c)

     1,789       267,956  

American Tower Corp.

      5,234       1,036,384  

AvalonBay Communities, Inc.

      1,623       280,000  

 

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

 

    6    

 

  

 

 

 

Invesco S&P 500 Revenue ETF (RWL)–(continued)

February 28, 2023

(Unaudited)

    

 

     Shares   Value  

Real Estate-(continued)

     

Boston Properties, Inc.

      4,919     $ 322,096  

Camden Property Trust

      1,242       142,532  

CBRE Group, Inc., Class A(b)

          44,205                3,763,614  

Crown Castle, Inc.

      5,265       688,399  

Digital Realty Trust, Inc.

      4,932       514,062  

Equinix, Inc.

      1,116       768,109  

Equity Residential

      4,541       283,903  

Essex Property Trust, Inc.

      749       170,817  

Extra Space Storage, Inc.

      1,260       207,459  

Federal Realty Investment Trust

      1,036       110,624  

Healthpeak Properties, Inc.

      8,541       205,497  

Host Hotels & Resorts, Inc.(c)

     28,095       471,996  

Invitation Homes, Inc.

      7,045       220,227  

Iron Mountain, Inc.(c)

     9,802       517,056  

Kimco Realty Corp.

      8,424       173,619  

Mid-America Apartment Communities, Inc.

      1,279       204,768  

Prologis, Inc.

      5,068       625,391  

Public Storage

      1,459       436,168  

Realty Income Corp.

      5,200       332,540  

Regency Centers Corp.

      1,923       120,957  

SBA Communications Corp., Class A

      942       244,308  

Simon Property Group, Inc.

      4,770       582,369  

UDR, Inc.

      3,918       167,847  

Ventas, Inc.

      9,663       470,105  

VICI Properties, Inc.

      6,988       234,308  

Welltower, Inc.

      9,053       671,008  

Weyerhaeuser Co.

      35,908       1,122,125  
    

 

 

  
       15,356,244  
    

 

 

  

Utilities-2.52%

     

AES Corp. (The)

      46,263       1,141,771  

Alliant Energy Corp.

      7,885       404,264  

Ameren Corp.

      9,000       744,390  

American Electric Power Co., Inc.

      20,394       1,794,060  

American Water Works Co., Inc.

      2,636       370,042  

Atmos Energy Corp.(c)

     3,811       429,919  

CenterPoint Energy, Inc.

      30,389       845,422  

CMS Energy Corp.

      14,358       846,691  

Consolidated Edison, Inc.

      16,750       1,496,613  

Constellation Energy Corp.

      26,990       2,021,281  

Dominion Energy, Inc.

      30,681       1,706,477  

DTE Energy Co.

      17,675       1,939,124  
     Shares   Value  

Utilities-(continued)

     

Duke Energy Corp.

      30,048     $ 2,832,325  

Edison International

           26,887       1,780,188  

Entergy Corp.

      12,113              1,246,064  

Evergy, Inc.

      9,780         575,162  

Eversource Energy

      14,956       1,127,084  

Exelon Corp.

      59,567       2,405,911  

FirstEnergy Corp.

      30,821       1,218,662  

NextEra Energy, Inc.

      34,508       2,451,103  

NiSource, Inc.

      21,688       594,902  

NRG Energy, Inc.(c)

     102,510       3,361,303  

PG&E Corp.(b)

     148,442       2,318,664  

Pinnacle West Capital Corp.

      5,667       417,545  

PPL Corp.

      26,217       709,694  

Public Service Enterprise Group, Inc.

      17,008       1,027,794  

Sempra Energy

      10,040       1,505,598  

Southern Co. (The)

      44,076       2,779,433  

WEC Energy Group, Inc.

      10,343       917,010  

Xcel Energy, Inc.

      22,358       1,443,656  
    

 

 

  
       42,452,152  
    

 

 

  

TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from securities on loan)-99.79%
(Cost $1,513,682,834)

 

     1,680,850,399  
    

 

 

  
Investments Purchased with Cash Collateral from Securities on Loan

 

Money Market Funds-1.80%

     

Invesco Private Government Fund,
4.58%(d)(e)(f)

     8,502,833       8,502,833  

Invesco Private Prime Fund,
4.83%(d)(e)(f)

     21,860,056       21,864,427  
    

 

 

  

Total Investments Purchased with Cash Collateral from Securities on Loan
(Cost $30,368,883)

 

     30,367,260  
    

 

 

  

TOTAL INVESTMENTS IN SECURITIES-101.59%
(Cost $1,544,051,717)

 

     1,711,217,659  

OTHER ASSETS LESS LIABILITIES-(1.59)%

 

     (26,710,559 ) 
    

 

 

  

NET ASSETS-100.00%

      $ 1,684,507,100  
    

 

 

  

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 February 28, 2023.

(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 February 28, 2023.

 

     Value
August 31, 2022		      Purchases
at Cost		      Proceeds
from Sales		     Change in
Unrealized
Appreciation
(Depreciation)		      Realized
Gain
(Loss)		     Value
February 28, 2023		      Dividend
Income		  

Invesco Ltd.

       $      646,431         $         110,304      $        (176,533 )        $ 111,291         $ (63,415 )       $     628,078         $   14,055  

 

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

 

    7    

 

  

 

 

 

Invesco S&P 500 Revenue ETF (RWL)–(continued)

February 28, 2023

(Unaudited)

    

 

     Value
August 31, 2022		    Purchases
at Cost		    Proceeds
from Sales		  

Change in

Unrealized

Appreciation

(Depreciation)

    Realized
Gain
(Loss)		  

Value

February 28, 2023

    Dividend
Income

Investments in Affiliated Money Market Funds:

                                                              

Invesco Government & Agency Portfolio, Institutional Class

           $ -           $ 18,403,733      $ (18,403,733 )               $ -               $ -          $ -           $ 11,118

Investments Purchased with Cash Collateral from Securities on Loan:

                                                              

Invesco Private Government Fund

             8,652,647             84,139,863        (84,289,677 )            -            -            8,502,833             220,899 *

Invesco Private Prime Fund

             22,284,054             198,895,339        (199,319,997 )            (3,865 )            8,896            21,864,427             602,341 *
         

 

 

            

 

 

       

 

 

           

 

 

           

 

 

           

 

 

            

 

 

  

Total

           $ 31,583,132           $ 301,549,239      $ (302,189,940 )          $ 107,426          $ (54,519 )               $ 30,995,338                $ 848,413
         

 

 

            

 

 

       

 

 

           

 

 

           

 

 

           

 

 

            

 

 

  

 

*

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 February 28, 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 February 28, 2023

 

     

 Health Care

      16.95     

 Consumer Discretionary

      13.29     

 Financials

      12.06     

 Information Technology

      11.25     

 Consumer Staples

      11.24     

 Energy

      10.11     

 Industrials

      9.85                                               

 Communication Services

      8.25     

 Materials

      3.36     

 Sector Types Each Less Than 3%

      3.43     

Money Market Funds Plus Other Assets Less Liabilities

      0.21     

 

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

 

    8    

 

  

 

 

 

Invesco S&P MidCap 400 Revenue ETF (RWK)

February 28, 2023

(Unaudited)

Schedule of Investments(a)

 

     Shares   Value  

Common Stocks & Other Equity Interests-99.89%

 

Communication Services-1.20%

     

Cable One, Inc.(b)

     478     $ 330,112  

Frontier Communications Parent, Inc.(b)(c)

     49,184             1,345,674  

Iridium Communications, Inc.(c)

     2,762       169,504  

John Wiley & Sons, Inc., Class A(b)

     10,484       466,433  

New York Times Co. (The), Class A

      13,267       510,780  

Nexstar Media Group, Inc., Class A

      5,644       1,049,220  

TEGNA, Inc.

      32,413       563,986  

TripAdvisor, Inc.(b)(c)

     15,502       334,378  

World Wrestling Entertainment, Inc., Class A

      3,497       293,748  

Ziff Davis, Inc.(b)(c)

     3,392       267,900  
    

 

 

  
       5,331,735  
    

 

 

  

Consumer Discretionary-23.02%

     

Adient PLC(b)(c)

     86,851       3,710,275  

AutoNation, Inc.(b)(c)

     47,932       6,543,197  

Boyd Gaming Corp.

      12,351       804,421  

Brunswick Corp.(b)

     19,107       1,670,334  

Capri Holdings Ltd.(c)

     21,311       1,056,386  

Carter’s, Inc.(b)

     9,665       728,644  

Choice Hotels International, Inc.(b)

     2,302       272,465  

Churchill Downs, Inc.(b)

     1,590       390,790  

Columbia Sportswear Co.

      8,078       704,402  

Cracker Barrel Old Country Store, Inc.(b)

     6,850       746,376  

Crocs, Inc.(b)(c)

     6,979       849,414  

Dana, Inc.

         127,629       2,021,643  

Deckers Outdoor Corp.(c)

     1,884       784,403  

Dick’s Sporting Goods, Inc.

      21,069       2,710,105  

Five Below, Inc.(b)(c)

     3,442       703,201  

Foot Locker, Inc.(b)

     47,850       2,092,002  

Fox Factory Holding Corp.(b)(c)

     3,204       376,470  

GameStop Corp., Class A(b)(c)

     55,389       1,065,130  

Gap, Inc. (The)(b)

     236,990       3,083,240  

Gentex Corp.

      14,043       400,928  

Goodyear Tire & Rubber Co. (The)(c)

     403,763       4,586,748  

Graham Holdings Co., Class B

      1,290       808,391  

Grand Canyon Education, Inc.(c)

     1,849       209,473  

H&R Block, Inc.

      17,105       629,464  

Hanesbrands, Inc.(b)

     212,097       1,204,711  

Harley-Davidson, Inc.

      25,807       1,227,123  

Helen of Troy Ltd.(b)(c)

     4,684       527,840  

KB Home

      44,219       1,559,604  

Kohl’s Corp.(b)

     145,742       4,086,606  

Lear Corp.

      32,419       4,527,313  

Leggett & Platt, Inc.(b)

     30,955       1,067,638  

Light & Wonder, Inc.(b)(c)

     7,886       493,742  

Lithia Motors, Inc., Class A

      26,073       6,653,308  

Macy’s, Inc.

      241,526       4,941,622  

Marriott Vacations Worldwide Corp.

      6,788       1,038,496  

Mattel, Inc.(c)

     70,571       1,269,572  

Murphy USA, Inc.

      16,431       4,191,384  

Nordstrom, Inc.(b)

     186,772       3,638,319  

Ollie’s Bargain Outlet Holdings, Inc.(b)(c)

     7,054       405,887  

Papa John’s International, Inc.

      5,123       430,076  

Penn Entertainment, Inc.(b)(c)

     40,032       1,222,177  

Polaris, Inc.

      16,830       1,914,412  

PVH Corp.

      25,296       2,029,751  

RH(b)(c)

     2,905       868,682  
     Shares   Value  

Consumer Discretionary-(continued)

     

Service Corp. International

      12,347       $ 833,793  

Skechers U.S.A., Inc., Class A(c)

     35,295           1,570,980  

Taylor Morrison Home Corp., Class A(c)

     56,999       2,042,274  

Tempur Sealy International, Inc.

           32,517       1,389,777  

Texas Roadhouse, Inc.

      8,233       835,979  

Thor Industries, Inc.(b)

     41,285       3,756,522  

Toll Brothers, Inc.

      40,868       2,449,628  

TopBuild Corp.(c)

     6,291       1,305,949  

Topgolf Callaway Brands Corp.(b)(c)

     36,314       841,759  

Travel + Leisure Co.

      19,708       826,751  

Under Armour, Inc., Class A(b)(c)

     64,625       641,726  

Under Armour, Inc., Class C(b)(c)

     73,656       648,173  

Victoria’s Secret & Co.(b)(c)

     29,914       1,185,791  

Visteon Corp.(c)

     5,220       871,949  

Wendy’s Co. (The)

      18,180       399,233  

Williams-Sonoma, Inc.(b)

     15,655       1,955,623  

Wingstop, Inc.

      440       74,954  

Wyndham Hotels & Resorts, Inc.(b)

     4,456       343,201  

YETI Holdings, Inc.(b)(c)

     7,399       288,413  
    

 

 

  
       102,508,640  
    

 

 

  

Consumer Staples-7.27%

     

BellRing Brands, Inc.(b)(c)

     11,491       354,842  

BJ’s Wholesale Club Holdings, Inc.(c)

     55,311       3,971,330  

Boston Beer Co., Inc. (The), Class A(b)(c)

     1,142       369,780  

Casey’s General Stores, Inc.

      12,113       2,518,898  

Celsius Holdings, Inc.(b)(c)

     1,031       93,615  

Coca-Cola Consolidated, Inc.

      2,307       1,284,653  

Coty,Inc.,Class A(b)(c)

     139,570       1,577,141  

Darling Ingredients, Inc.(c)

     20,096       1,271,474  

Energizer Holdings, Inc.(b)

     18,404       666,777  

Flowers Foods, Inc.

      33,623       937,409  

Grocery Outlet Holding Corp.(b)(c)

     24,792       670,624  

Ingredion, Inc.

      15,923       1,582,746  

Lancaster Colony Corp.

      1,779       341,533  

Performance Food Group Co.(c)

     191,832       10,855,773  

Pilgrim’s Pride Corp.(c)

     146,985       3,437,979  

Post Holdings, Inc.(c)

     14,020       1,261,239  

Sprouts Farmers Market, Inc.(b)(c)

     38,760       1,174,040  
    

 

 

  
       32,369,853  
    

 

 

  

Energy-6.99%

     

Antero Midstream Corp.

      19,506       205,593  

Antero Resources Corp.(c)

     58,032       1,520,438  

ChampionX Corp.

      27,794       849,663  

CNX Resources Corp.(b)(c)

     41,589       638,391  

DT Midstream, Inc.

      3,285       164,907  

Equitrans Midstream Corp.(b)

     36,763       221,681  

HF Sinclair Corp.

      148,286       7,372,780  

Matador Resources Co.

      11,517       619,499  

Murphy Oil Corp.

      20,110       784,692  

NOV, Inc.

      71,710       1,569,015  

PBF Energy, Inc., Class A

      281,702       12,313,194  

PDC Energy, Inc.

      13,940       935,513  

Range Resources Corp.

      44,426       1,196,837  

Southwestern Energy Co.(c)

     515,422       2,731,737  
    

 

 

  
       31,123,940  
    

 

 

  

 

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

 

    9    

 

  

 

 

 

Invesco S&P MidCap 400 Revenue ETF (RWK)–(continued)

February 28, 2023

(Unaudited)

 

 

     Shares   Value  

Financials-8.86%

     

Affiliated Managers Group, Inc.

      3,314       $ 528,285  

American Financial Group, Inc.

      9,937           1,332,651  

Annaly Capital Management, Inc.

      25,579       528,974  

Associated Banc-Corp

      11,432       264,651  

Bank of Hawaii Corp.

      1,871       140,063  

Bank OZK(b)

     6,428       295,881  

Brighthouse Financial, Inc.(c)

          39,853           2,304,699  

Cadence Bank

      14,899       395,717  

Cathay General Bancorp

      3,931       168,719  

CNO Financial Group, Inc.

      33,940       869,543  

Commerce Bancshares, Inc.

      4,578       302,835  

Cullen/Frost Bankers, Inc.

      2,450       322,959  

East West Bancorp, Inc.

      7,046       536,976  

Essent Group Ltd.

      5,578       239,575  

Evercore, Inc., Class A

      5,887       772,257  

F.N.B. Corp.

      22,891       326,655  

Federated Hermes, Inc., Class B

      7,965       313,423  

First American Financial Corp.

      32,987       1,873,002  

First Financial Bankshares, Inc.

      3,135       114,992  

First Horizon Corp.

      26,911       666,585  

FirstCash Holdings, Inc.(b)

     5,624       496,318  

Fulton Financial Corp.

      12,354       212,489  

Glacier Bancorp, Inc.

      3,582       169,715  

Hancock Whitney Corp.

      5,495       269,914  

Hanover Insurance Group, Inc. (The)

      7,961       1,110,400  

Home BancShares, Inc.

      7,960       191,836  

Interactive Brokers Group, Inc., Class A

      9,206       792,729  

International Bancshares Corp.

      2,711       131,565  

Janus Henderson Group PLC(b)

     18,596       510,646  

Jefferies Financial Group, Inc.

      47,202       1,783,764  

Kemper Corp.

      21,559       1,328,034  

Kinsale Capital Group, Inc.

      553       176,241  

MGIC Investment Corp.

      18,699       257,298  

Navient Corp.

      44,205       797,900  

New York Community Bancorp, Inc.

      45,445       403,552  

Old National Bancorp

      16,623       293,728  

Old Republic International Corp.

      72,893       1,922,188  

PacWest Bancorp

      13,327       369,824  

Pinnacle Financial Partners, Inc.

      4,051       300,139  

Primerica, Inc.

      4,161       798,662  

Prosperity Bancshares, Inc.

      3,437       252,585  

Reinsurance Group of America, Inc.

      23,978       3,464,102  

RenaissanceRe Holdings Ltd. (Bermuda)

      4,899       1,052,795  

RLI Corp.

      1,785       246,169  

SEI Investments Co.

      6,948       418,617  

Selective Insurance Group, Inc.

      8,065       818,839  

SLM Corp.

      30,136       433,356  

Stifel Financial Corp.

      16,096       1,075,696  

Synovus Financial Corp.

      11,800       493,358  

Texas Capital Bancshares, Inc.(c)

     4,000       264,920  

UMB Financial Corp.

      3,954       358,470  

United Bankshares, Inc.

      5,121       208,783  

Unum Group

      61,897       2,757,511  

Valley National Bancorp

      33,269       385,255  

Voya Financial, Inc.

      20,312       1,513,041  

Washington Federal, Inc.

      4,578       160,550  

Webster Financial Corp.(b)

     9,512       505,277  

Wintrust Financial Corp.(b)

     4,910       452,358  
    

 

 

  
       39,477,066  
    

 

 

  
     Shares   Value  

Health Care-4.74%

     

Acadia Healthcare Co., Inc.(b)(c)

     6,330       $ 458,988  

Amedisys, Inc.(c)

     5,276       485,128  

Arrowhead Pharmaceuticals, Inc.(b)(c)

     1,620       52,326  

Azenta, Inc.(b)(c)

     1,905       83,611  

Bruker Corp.

      8,007       551,843  

Chemed Corp.

      860       448,559  

Encompass Health Corp.

      18,641           1,053,589  

Enovis Corp.(b)(c)

     10,820       623,448  

Envista Holdings Corp.(b)(c)

     16,099       622,387  

Exelixis, Inc.(c)

          21,493       367,101  

Globus Medical, Inc., Class A(b)(c)

     2,887       168,428  

Haemonetics Corp.(b)(c)

     2,820       219,311  

Halozyme Therapeutics, Inc.(c)

     2,062       98,955  

HealthEquity, Inc.(b)(c)

     2,669       173,939  

ICU Medical, Inc.(b)(c)

     2,757       470,455  

Inari Medical, Inc.(b)(c)

     1,059       59,579  

Integra LifeSciences Holdings Corp.(b)(c)

     5,788       321,929  

Jazz Pharmaceuticals PLC(c)

     4,859       682,204  

Lantheus Holdings, Inc.(b)(c)

     3,070       227,057  

LivaNova PLC(c)

     3,898       184,453  

Masimo Corp.(b)(c)

     2,632       440,360  

Medpace Holdings, Inc.(b)(c)

     1,390       269,493  

Neogen Corp.(b)(c)

     7,161       126,678  

Neurocrine Biosciences, Inc.(c)

     2,454       253,007  

Omnicell, Inc.(b)(c)

     5,718       311,288  

Option Care Health, Inc.(c)

     26,808       822,201  

Patterson Cos., Inc.

      45,623       1,209,922  

Penumbra, Inc.(b)(c)

     796       206,952  

Perrigo Co. PLC

      28,890       1,088,864  

Progyny, Inc.(b)(c)

     4,558       171,199  

QuidelOrtho Corp.(b)(c)

     6,779       589,366  

R1 RCM, Inc.(b)(c)

     33,657       477,929  

Repligen Corp.(b)(c)

     1,008       175,765  

Shockwave Medical, Inc.(b)(c)

     377       71,721  

Sotera Health Co.(b)(c)

     24,387       407,019  

STAAR Surgical Co.(b)(c)

     949       52,565  

Syneos Health, Inc.(c)

     32,570       1,309,966  

Tandem Diabetes Care, Inc.(b)(c)

     3,740       134,116  

Tenet Healthcare Corp.(c)

     90,242       5,281,864  

United Therapeutics Corp.(c)

     1,377       338,797  
    

 

 

  
       21,092,362  
    

 

 

  

Industrials-19.22%

     

Acuity Brands, Inc.(b)

     4,673       906,375  

AECOM

      32,561       2,811,968  

AGCO Corp.(b)

     18,609       2,620,333  

ASGN, Inc.(b)(c)

     11,018       978,398  

Avis Budget Group, Inc.(c)

     13,379       2,938,831  

Axon Enterprise, Inc.(b)(c)

     1,329       266,212  

Brink’s Co. (The)(b)

     15,961       1,041,455  

Builders FirstSource, Inc.(c)

     72,983       6,187,499  

CACI International, Inc., Class A(c)

     4,341       1,271,913  

Carlisle Cos., Inc.

      5,440       1,404,717  

Chart Industries, Inc.(b)(c)

     2,751       367,259  

Clean Harbors, Inc.(c)

     8,905       1,176,083  

Crane Holdings Co.

      6,730       806,119  

Curtiss-Wright Corp.

      2,986       521,923  

Donaldson Co., Inc.

      11,786       745,464  

Dycom Industries, Inc.(b)(c)

     8,568       721,511  

EMCOR Group, Inc.(b)

     14,995       2,507,464  

 

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

 

    10    

 

  

 

 

 

Invesco S&P MidCap 400 Revenue ETF (RWK)–(continued)

February 28, 2023

(Unaudited)

 

 

     Shares   Value  

Industrials-(continued)

     

EnerSys

      9,746       $ 883,865  

ESAB Corp.

      11,413       669,372  

Flowserve Corp.(b)

     24,259       841,545  

Fluor Corp.(b)(c)

     80,161           2,939,504  

FTI Consulting, Inc.(b)(c)

     3,733       685,789  

GATX Corp.

      2,414       263,343  

Graco, Inc.

      6,494       451,593  

GXO Logistics, Inc.(c)

     42,043       2,084,072  

Hexcel Corp.

      5,364       391,304  

Hubbell, Inc.

      3,990       1,003,645  

IAA, Inc.(b)(c)

     11,286       461,710  

Insperity, Inc.

      10,228       1,269,193  

ITT, Inc.

      7,445       676,676  

JetBlue Airways Corp.(c)

        239,440       1,987,352  

KBR, Inc.

      30,314       1,670,605  

Kennametal, Inc.(b)

     16,812       476,284  

Kirby Corp.(c)

     8,547       619,914  

Knight-Swift Transportation Holdings, Inc.

      28,329       1,610,220  

Landstar System, Inc.(b)

     9,474       1,712,804  

Lennox International, Inc.(b)

     3,684       938,794  

Lincoln Electric Holdings, Inc.

      5,215       875,755  

ManpowerGroup, Inc.

      49,521       4,203,342  

MasTec, Inc.(b)(c)

     20,149       1,968,960  

MDU Resources Group, Inc.

      44,391       1,413,853  

Mercury Systems, Inc.(c)

     4,361       228,255  

Middleby Corp. (The)(b)(c)

     5,782       899,043  

MSA Safety, Inc.

      2,313       310,752  

MSC Industrial Direct Co., Inc., Class A

      9,166       774,710  

nVent Electric PLC

      15,045       689,663  

Oshkosh Corp.

      19,464       1,735,994  

Owens Corning

      21,467       2,099,258  

Regal Rexnord Corp.(b)

     8,964       1,413,085  

Ryder System, Inc.

      28,481       2,788,575  

Saia, Inc.(b)(c)

     2,493       675,279  

Science Applications International
Corp.(b)

     14,073       1,500,745  

Simpson Manufacturing Co., Inc.

      4,634       499,823  

Stericycle, Inc.(b)(c)

     10,913       520,332  

SunPower Corp.(b)(c)

     15,372       230,887  

Sunrun, Inc.(b)(c)

     15,524       373,197  

Terex Corp.

      19,919       1,179,404  

Tetra Tech, Inc.

      4,776       653,787  

Timken Co. (The)

      12,971       1,108,372  

Toro Co. (The)

      8,055       889,594  

Trex Co., Inc.(b)(c)

     5,706       291,748  

Univar Solutions, Inc.(c)

     71,981       2,501,340  

Valmont Industries, Inc.

      2,606       826,962  

Vicor Corp.(b)(c)

     1,461       68,667  

Watsco, Inc.(b)

     5,669       1,727,401  

Watts Water Technologies, Inc., Class A

      2,682       469,967  

Werner Enterprises, Inc.(b)

     15,335       712,311  

Woodward, Inc.

      5,287       523,413  

XPO, Inc.(c)

     75,072       2,504,402  
    

 

 

  
       85,569,984  
    

 

 

  

Information Technology-14.20%

     

ACI Worldwide, Inc.(c)

     14,345       370,818  

Allegro MicroSystems, Inc. (Japan)(b)(c)

     5,362       234,212  

Amkor Technology, Inc.

      55,297       1,424,451  

Arrow Electronics, Inc.(c)

     71,521       8,438,763  

Aspen Technology, Inc.(b)(c)

     942       199,713  
     Shares   Value  

Information Technology-(continued)

     

Avnet, Inc.

      123,023       $ 5,500,358  

Belden, Inc.

      7,055       595,301  

Blackbaud, Inc.(b)(c)

     3,795       211,344  

Calix, Inc.(c)

     2,252       115,190  

Ciena Corp.(b)(c)

     15,084       727,350  

Cirrus Logic, Inc.(c)

     5,305       545,089  

Cognex Corp.

      4,352       206,372  

Coherent Corp.(b)(c)

          22,589       974,264  

CommVault Systems, Inc.(b)(c)

     2,532       149,084  

Concentrix Corp.

      10,311           1,410,957  

Dynatrace, Inc.(c)

     5,845       248,588  

Envestnet, Inc.(b)(c)

     4,298       268,668  

Euronet Worldwide, Inc.(b)(c)

     7,531       819,749  

ExlService Holdings, Inc.(b)(c)

     1,550       254,991  

Fair Isaac Corp.(b)(c)

     461       312,277  

Genpact Ltd.

      20,031       956,080  

IPG Photonics Corp.(c)

     3,256       401,269  

Jabil, Inc.

      97,127       8,064,455  

Kyndryl Holdings, Inc.(c)

     345,822       5,425,947  

Lattice Semiconductor Corp.(c)

     1,822       154,797  

Littelfuse, Inc.

      2,176       562,996  

Lumentum Holdings,
Inc.(b)(c)

     6,750       363,218  

MACOM Technology Solutions Holdings, Inc.(b)(c)

     1,992       136,532  

Manhattan Associates, Inc.(c)

     1,276       183,425  

Maximus, Inc.

      13,475       1,106,028  

MKS Instruments, Inc.

      8,135       788,526  

National Instruments Corp.

      8,529       430,800  

NCR Corp.(c)

     70,261       1,793,763  

Novanta, Inc.(b)(c)

     1,206       189,233  

Paylocity Holding Corp.(c)

     951       183,172  

Power Integrations, Inc.

      1,884       154,959  

Qualys, Inc.(b)(c)

     821       97,001  

Silicon Laboratories, Inc.(b)(c)

     1,433       255,833  

SiTime Corp.(b)(c)

     587       72,876  

Synaptics, Inc.(b)(c)

     3,733       439,038  

TD SYNNEX Corp.

      130,698       12,614,971  

Teradata Corp.(c)

     11,199       456,471  

Universal Display Corp.

      1,052       142,914  

Viasat, Inc.(b)(c)

     18,742       595,246  

Vishay Intertechnology, Inc.

      32,518       690,357  

Vontier Corp.

      33,540       877,742  

Western Union Co. (The)(b)

     68,801       891,661  

WEX, Inc.(b)(c)

     2,892       557,607  

Wolfspeed, Inc.(b)(c)

     2,090       154,618  

Xerox Holdings Corp.

      91,144       1,502,965  
    

 

 

  
       63,252,039  
    

 

 

  

Materials-9.93%

     

Alcoa Corp.(b)

     62,096       3,038,978  

AptarGroup, Inc.

      6,381       744,790  

Ashland, Inc.

      4,478       455,771  

Avient Corp.

      27,814       1,213,525  

Cabot Corp.

      12,516       995,397  

Chemours Co. (The)

      49,236       1,682,886  

Cleveland-Cliffs, Inc.(c)

     311,600       6,646,428  

Commercial Metals Co.

      38,513       1,993,048  

Eagle Materials, Inc.(b)

     3,102       435,273  

Greif, Inc., Class A

      19,921       1,415,387  

Ingevity Corp.(c)

     4,676       386,051  

 

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

 

    11    

 

  

 

 

 

Invesco S&P MidCap 400 Revenue ETF (RWK)–(continued)

February 28, 2023

(Unaudited)

 

 

     Shares   Value  

Materials-(continued)

     

Louisiana-Pacific Corp.

      13,802       $ 807,555  

MP Materials Corp.(b)(c)

     3,502       122,570  

NewMarket Corp.

      1,751       601,469  

Olin Corp.

      37,863           2,186,588  

Reliance Steel & Aluminum Co.

      17,768       4,403,621  

Royal Gold, Inc.(b)

     1,134       134,708  

RPM International, Inc.

      13,962       1,237,452  

Scotts Miracle-Gro Co. (The)

      15,738       1,298,385  

Sensient Technologies Corp.

      4,060       306,083  

Silgan Holdings, Inc.

      25,132       1,342,049  

Sonoco Products Co.(b)

     24,194       1,428,898  

United States Steel Corp.

         183,232       5,612,396  

Valvoline, Inc.

      19,570       688,864  

Westlake Corp.

      31,100       3,705,254  

Worthington Industries, Inc.

      22,016       1,330,647  
    

 

 

  
       44,214,073  
    

 

 

  

Real Estate-2.39%

     

Apartment Income REIT Corp.

      4,225       159,705  

Brixmor Property Group, Inc.(b)

     11,104       251,395  

Corporate Office Properties Trust(b)

     4,794       121,911  

Cousins Properties, Inc.(b)

     6,238       152,769  

CubeSmart(b)

     4,643       218,175  

Douglas Emmett, Inc.(b)

     12,817       181,104  

EastGroup Properties, Inc.(b)

     488       79,676  

EPR Properties

      3,170       129,463  

First Industrial Realty Trust, Inc.

      2,172       114,573  

Healthcare Realty Trust, Inc.

      8,966       174,837  

Highwoods Properties, Inc.

      5,848       154,972  

Independence Realty Trust, Inc.(b)

     6,205       112,248