N-CSRS


		Invesco Semi-Annual Report to Shareholders
		October 31, 2021

		RSP		Invesco S&P 500^®Equal Weight ETF

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

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

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

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

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

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

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

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

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

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

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

		EWMC		Invesco S&P MidCap 400^®Equal Weight ETF

		EWSC		Invesco S&P SmallCap 600^®Equal Weight ETF

Table of Contents


Schedules of Investments

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

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

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

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

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

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

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

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

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

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

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

Invesco S&P 500^®Equal Weight Utilities ETF (RYU)			32

Invesco S&P MidCap 400^®Equal Weight ETF (EWMC)			34

Invesco S&P SmallCap 600^®Equal Weight ETF (EWSC)			39

Statements of Assets and Liabilities			46

Statements of Operations			50

Statements of Changes in Net Assets			54

Financial Highlights			60

Notes to Financial Statements			74

Fund Expenses			85

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

October 31, 2021

(Unaudited)

Schedule of Investments^(a)


	Shares		Value
Common Stocks & Other Equity Interests-99.95%
Communication Services-4.37%
Activision Blizzard, Inc.		746,310	$	58,353,979
Alphabet, Inc., Class A^(b)		10,699		31,678,883
Alphabet, Inc., Class C^(b)		10,277		30,475,518
AT&T, Inc.		2,186,362		55,227,504
Charter Communications, Inc., Class A^(b)		76,182		51,414,470
Comcast Corp., Class A		1,002,178		51,542,014
Discovery, Inc., Class A^(b)(c)		837,256		19,625,281
Discovery, Inc., Class C^(b)		1,491,577		33,649,977
DISH Network Corp., Class A^(b)(c)		1,390,115		57,092,023
Electronic Arts, Inc.		409,412		57,420,033
Fox Corp., Class A^(c)		1,155,816		45,932,128
Fox Corp., Class B		537,260		19,857,130
Interpublic Group of Cos., Inc. (The)^(c)		1,643,419		60,099,833
Live Nation Entertainment, Inc.^(b)(c)		690,450		69,839,017
Lumen Technologies, Inc.^(c)		4,964,338		58,877,049
Match Group, Inc.^(b)		361,611		54,523,706
Meta Platforms, Inc., Class A^(b)		157,580		50,988,161
Netflix, Inc.^(b)		99,223		68,494,629
News Corp., Class A		2,080,246		47,637,633
News Corp., Class B		647,480		14,607,149
Omnicom Group, Inc.		829,198		56,451,800
Take-Two Interactive Software, Inc.^(b)		386,044		69,873,964
T-Mobile US, Inc.^(b)		454,137		52,239,379
Twitter, Inc.^(b)		965,358		51,685,267
Verizon Communications, Inc.		1,095,916		58,072,589
ViacomCBS, Inc., Class B		1,498,603		54,279,401
Walt Disney Co. (The)^(b)		322,853		54,584,757

				1,334,523,274

Consumer Discretionary-12.52%
Advance Auto Parts, Inc.		296,971		66,972,900
Amazon.com, Inc.^(b)		16,853		56,835,563
Aptiv PLC^(b)		405,808		70,160,145
AutoZone, Inc.^(b)		38,718		69,105,435
Bath & Body Works, Inc.		934,049		64,533,445
Best Buy Co., Inc.		533,811		65,253,057
Booking Holdings, Inc.^(b)		25,679		62,163,210
BorgWarner, Inc.		1,386,605		62,494,287
Caesars Entertainment, Inc.^(b)		570,206		62,414,749
CarMax, Inc.^(b)(c)		442,434		60,578,063
Carnival Corp.^(b)(c)		2,612,101		57,884,158
Chipotle Mexican Grill, Inc.^(b)		32,051		57,019,691
D.R. Horton, Inc.		663,215		59,205,203
Darden Restaurants, Inc.		399,846		57,633,802
Dollar General Corp.^(c)		272,504		60,365,086
Dollar Tree, Inc.^(b)		658,730		70,984,745
Domino’s Pizza, Inc.		116,980		57,199,711
eBay, Inc.		819,520		62,873,574
Etsy, Inc.^(b)(c)		274,116		68,718,140
Expedia Group, Inc.^(b)(c)		408,691		67,192,887
Ford Motor Co.^(b)		4,686,471		80,044,925
Gap, Inc. (The)^(c)		2,490,670		56,513,302
Garmin Ltd.		344,446		49,462,446
General Motors Co.^(b)		1,200,735		65,356,006
Genuine Parts Co.		502,005		65,817,876
Hanesbrands, Inc.		3,174,409		54,091,929
Hasbro, Inc.		606,153		58,045,211


	Shares		Value
Consumer Discretionary-(continued)
Hilton Worldwide Holdings, Inc.^(b)		466,413	$	67,140,151
Home Depot, Inc. (The)		178,940		66,519,156
Las Vegas Sands Corp.^(b)		1,420,172		55,116,875
Leggett & Platt, Inc.^(c)		1,273,100		59,644,735
Lennar Corp., Class A^(c)		595,867		59,544,989
LKQ Corp.^(b)		1,172,143		64,561,636
Lowe’s Cos., Inc.		291,677		68,199,916
Marriott International, Inc., Class A^(b)		438,222		70,124,285
McDonald’s Corp.		248,504		61,020,157
MGM Resorts International		1,405,303		66,274,090
Mohawk Industries, Inc.^(b)		316,617		56,107,699
Newell Brands, Inc.		2,387,394		54,647,449
NIKE, Inc., Class B		363,543		60,817,109
Norwegian Cruise Line Holdings Ltd.^(b)(c)		2,416,677		62,156,932
NVR, Inc.^(b)(c)		11,392		55,761,562
O’Reilly Automotive, Inc.^(b)		100,598		62,604,147
Penn National Gaming, Inc.^(b)(c)		744,434		53,301,474
Pool Corp.^(c)		120,407		62,028,870
PulteGroup, Inc.		1,239,811		59,610,113
PVH Corp.^(b)		544,492		59,529,310
Ralph Lauren Corp.		527,531		67,086,117
Ross Stores, Inc.		526,703		59,622,780
Royal Caribbean Cruises Ltd.^(b)		728,716		61,525,492
Starbucks Corp.		498,032		52,826,254
Tapestry, Inc.		1,468,414		57,238,778
Target Corp.		243,146		63,125,565
Tesla, Inc.^(b)		80,814		90,026,796
TJX Cos., Inc. (The)		862,989		56,517,150
Tractor Supply Co.		290,217		63,026,426
Ulta Beauty, Inc.^(b)		158,723		58,308,481
Under Armour, Inc., Class A^(b)		1,372,487		30,139,815
Under Armour, Inc., Class C^(b)(c)		1,429,764		26,993,944
VF Corp.^(c)		837,476		61,035,251
Whirlpool Corp.^(c)		275,375		58,057,311
Wynn Resorts Ltd.^(b)(c)		585,163		52,547,637
Yum! Brands, Inc.		457,616		57,174,543

				3,828,882,541

Consumer Staples-6.12%
Altria Group, Inc.		1,174,508		51,807,548
Archer-Daniels-Midland Co.		992,153		63,735,909
Brown-Forman Corp., Class B		830,566		56,387,126
Campbell Soup Co.^(c)		1,377,124		55,016,104
Church & Dwight Co., Inc.		718,436		62,762,569
Clorox Co. (The)		350,188		57,084,146
Coca-Cola Co. (The)		1,068,537		60,233,431
Colgate-Palmolive Co.		771,398		58,772,814
Conagra Brands, Inc.		1,795,927		57,828,849
Constellation Brands, Inc., Class A		277,693		60,206,619
Costco Wholesale Corp.		128,574		63,199,264
Estee Lauder Cos., Inc. (The), Class A		177,423		57,543,601
General Mills, Inc.		1,016,858		62,841,824
Hershey Co. (The)^(c)		339,599		59,548,685
Hormel Foods Corp.^(c)		1,404,337		59,431,542
JM Smucker Co. (The)		490,759		60,294,651
Kellogg Co.		947,183		58,062,318
Kimberly-Clark Corp.		433,475		56,130,678

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



		3
		3

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

October 31, 2021

(Unaudited)


	Shares		Value
Consumer Staples-(continued)
Kraft Heinz Co. (The)		1,635,540	$	58,699,531
Kroger Co. (The)		1,393,192		55,755,544
Lamb Weston Holdings, Inc.		982,470		55,460,431
McCormick & Co., Inc.^(c)		694,658		55,732,411
Molson Coors Beverage Co., Class B^(c)		1,303,920		57,489,833
Mondelez International, Inc., Class A^(c)		986,642		59,928,635
Monster Beverage Corp.^(b)		619,524		52,659,540
PepsiCo, Inc.		382,331		61,784,689
Philip Morris International, Inc.		573,878		54,254,426
Procter & Gamble Co. (The)		412,207		58,941,479
Sysco Corp.		776,156		59,686,396
Tyson Foods, Inc., Class A		794,437		63,531,127
Walgreens Boots Alliance, Inc.		1,201,691		56,503,511
Walmart, Inc.		407,313		60,860,708

				1,872,175,939

Energy-5.10%
APA Corp.		3,179,422		83,332,651
Baker Hughes Co., Class A		2,490,670		62,466,004
Chevron Corp.		618,572		70,820,308
ConocoPhillips		1,066,273		79,426,676
Coterra Energy, Inc.^(c)		3,243,537		69,152,209
Devon Energy Corp.^(c)		2,116,910		84,845,753
Diamondback Energy, Inc.		791,937		84,887,727
EOG Resources, Inc.		885,175		81,843,281
Exxon Mobil Corp.		1,100,909		70,975,603
Halliburton Co.		3,042,689		76,036,798
Hess Corp.		876,768		72,394,734
Kinder Morgan, Inc.		3,720,960		62,326,080
Marathon Oil Corp.		5,272,713		86,050,676
Marathon Petroleum Corp.		1,044,931		68,892,301
Occidental Petroleum Corp.		2,378,931		79,765,556
ONEOK, Inc.		1,131,966		72,015,677
Phillips 66		895,145		66,938,943
Pioneer Natural Resources Co.		393,234		73,526,893
Schlumberger N.V.		2,219,117		71,588,714
Valero Energy Corp.		937,024		72,460,066
Williams Cos., Inc. (The)^(c)		2,447,346		68,745,949

				1,558,492,599

Financials-13.51%
Aflac, Inc.		1,087,122		58,345,838
Allstate Corp. (The)		451,623		55,852,216
American Express Co.		374,294		65,044,811
American International Group, Inc.		1,091,444		64,493,426
Ameriprise Financial, Inc.		222,631		67,263,504
Aon PLC, Class A		204,308		65,362,215
Arthur J. Gallagher & Co.		412,348		69,138,389
Assurant, Inc.		353,779		57,068,090
Bank of America Corp.		1,475,588		70,503,595
Bank of New York Mellon Corp. (The)		1,144,724		67,767,661
Berkshire Hathaway, Inc., Class B^(b)		214,048		61,433,916
BlackRock, Inc.		64,721		61,061,675
Brown & Brown, Inc.		1,028,602		64,915,072
Capital One Financial Corp.		382,089		57,706,902
Cboe Global Markets, Inc.		471,802		62,249,556
Charles Schwab Corp. (The)		831,824		68,234,523
Chubb Ltd.		330,212		64,516,821
Cincinnati Financial Corp.^(c)		506,213		61,474,507
Citigroup, Inc.		854,134		59,071,907
Citizens Financial Group, Inc.		1,386,923		65,712,412


	Shares		Value
Financials-(continued)
CME Group, Inc., Class A^(c)		313,998	$	69,252,259
Comerica, Inc.		816,223		69,452,415
Discover Financial Services		493,044		55,871,746
Everest Re Group Ltd.		232,721		60,856,542
Fifth Third Bancorp		1,536,988		66,905,088
First Republic Bank		300,953		65,105,163
Franklin Resources, Inc.		1,897,341		59,747,268
Globe Life, Inc.		645,600		57,471,312
Goldman Sachs Group, Inc. (The)		149,131		61,643,299
Hartford Financial Services Group, Inc. (The)		862,915		62,932,391
Huntington Bancshares, Inc.		3,871,329		60,934,718
Intercontinental Exchange, Inc.		500,094		69,243,015
Invesco Ltd.^(d)		2,415,710		61,383,191
JPMorgan Chase & Co.		378,093		64,234,220
KeyCorp		2,990,527		69,589,563
Lincoln National Corp.^(c)		908,109		65,520,064
Loews Corp.		1,110,830		62,284,238
M&T Bank Corp.		437,841		64,415,168
MarketAxess Holdings, Inc.		135,521		55,383,367
Marsh & McLennan Cos., Inc.		371,012		61,884,802
MetLife, Inc.		977,704		61,399,811
Moody’s Corp.		156,098		63,087,007
Morgan Stanley		574,742		59,071,983
MSCI, Inc.		91,941		61,129,732
Nasdaq, Inc.^(c)		303,891		63,777,604
Northern Trust Corp.		527,900		64,952,816
People’s United Financial, Inc.		3,716,381		63,698,770
PNC Financial Services Group, Inc. (The)		310,048		65,429,429
Principal Financial Group, Inc.^(c)		915,960		61,451,756
Progressive Corp. (The)^(c)		638,164		60,549,000
Prudential Financial, Inc.^(c)		572,898		63,047,425
Raymond James Financial, Inc.		656,708		64,744,842
Regions Financial Corp.		3,047,295		72,159,946
S&P Global, Inc.^(c)		132,810		62,973,190
State Street Corp.		678,657		66,881,647
SVB Financial Group^(b)		100,389		72,019,069
Synchrony Financial		1,255,848		58,334,140
T. Rowe Price Group, Inc.^(c)		274,588		59,552,645
Travelers Cos., Inc. (The)		380,166		61,161,106
Truist Financial Corp.		1,076,658		68,335,483
U.S. Bancorp		1,071,570		64,690,681
W.R. Berkley Corp.		828,515		65,949,794
Wells Fargo & Co.		1,340,433		68,576,552
Willis Towers Watson PLC		251,222		60,866,066
Zions Bancorporation N.A.		1,035,481		65,224,948

				4,130,392,307

Health Care-12.27%
Abbott Laboratories		461,925		59,537,513
AbbVie, Inc.		557,108		63,883,574
ABIOMED, Inc.^(b)		165,490		54,949,300
Agilent Technologies, Inc.		335,433		52,827,343
Align Technology, Inc.^(b)		83,124		51,900,132
AmerisourceBergen Corp.		483,877		59,042,672
Amgen, Inc.		277,898		57,516,549
Anthem, Inc.		166,348		72,383,005
Baxter International, Inc.		734,385		57,987,040
Becton, Dickinson and Co.		230,071		55,122,711
Biogen, Inc.^(b)		198,133		52,838,108

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



		4
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Invesco S&P 500^® Equal Weight ETF (RSP)—(continued)

October 31, 2021

(Unaudited)


	Shares		Value
Health Care-(continued)
Bio-Rad Laboratories, Inc., Class A^(b)		72,798	$	57,851,115
Bio-Techne Corp.^(c)		115,815		60,646,525
Boston Scientific Corp.^(b)		1,336,577		57,646,566
Bristol-Myers Squibb Co.		941,426		54,979,278
Cardinal Health, Inc.		1,125,007		53,786,585
Catalent, Inc.^(b)(c)		432,051		59,562,551
Centene Corp.^(b)		994,768		70,867,272
Cerner Corp.		798,112		59,291,741
Charles River Laboratories International, Inc.^(b)		135,036		60,587,953
Cigna Corp.		290,317		62,014,614
Cooper Cos., Inc. (The)		132,529		55,253,991
CVS Health Corp.		709,325		63,328,536
Danaher Corp.		180,158		56,167,860
DaVita, Inc.^(b)		482,949		49,859,655
DENTSPLY SIRONA, Inc.		975,808		55,825,976
DexCom, Inc.^(b)		108,922		67,881,280
Edwards Lifesciences Corp.^(b)		492,045		58,956,832
Eli Lilly and Co.		248,178		63,225,827
Gilead Sciences, Inc.		837,012		54,305,339
HCA Healthcare, Inc.		231,596		58,005,534
Henry Schein, Inc.^(b)		774,167		59,107,650
Hologic, Inc.^(b)		743,556		54,510,090
Humana, Inc.		147,944		68,521,743
IDEXX Laboratories, Inc.^(b)		87,464		58,263,269
Illumina, Inc.^(b)		129,783		53,867,732
Incyte Corp.^(b)		835,506		55,962,192
Intuitive Surgical, Inc.^(b)		174,201		62,909,207
IQVIA Holdings, Inc.^(b)		229,029		59,872,761
Johnson & Johnson		355,781		57,949,609
Laboratory Corp. of America Holdings^(b)		197,544		56,699,079
McKesson Corp.		293,079		60,925,263
Medtronic PLC		453,013		54,298,138
Merck & Co., Inc.		809,116		71,242,664
Mettler-Toledo International, Inc.^(b)		37,715		55,851,389
Moderna, Inc.^(b)		132,574		45,765,871
Organon & Co.		1,754,103		64,463,285
PerkinElmer, Inc.^(c)		318,123		56,272,777
Pfizer, Inc.		1,303,885		57,031,930
Quest Diagnostics, Inc.^(c)		383,854		56,342,090
Regeneron Pharmaceuticals, Inc.^(b)		91,669		58,662,660
ResMed, Inc.		201,307		52,925,623
STERIS PLC		283,480		66,260,615
Stryker Corp.		217,502		57,870,757
Teleflex, Inc.		159,488		56,927,647
Thermo Fisher Scientific, Inc.		103,938		65,800,030
UnitedHealth Group, Inc.		147,249		67,803,747
Universal Health Services, Inc., Class B		403,127		50,028,061
Vertex Pharmaceuticals, Inc.^(b)		315,047		58,261,642
Viatris, Inc.		4,306,007		57,485,193
Waters Corp.^(b)		142,075		52,219,666
West Pharmaceutical Services, Inc.		129,839		55,815,189
Zimmer Biomet Holdings, Inc.		423,178		60,565,235
Zoetis, Inc.		287,562		62,170,904

				3,750,686,685

Industrials-14.56%
3M Co.^(c)		322,113		57,555,151
A.O. Smith Corp.		847,662		61,938,662
Alaska Air Group, Inc.^(b)		1,059,540		55,943,712


	Shares		Value
Industrials-(continued)
Allegion PLC		411,000	$	52,731,300
American Airlines Group, Inc.^(b)(c)		3,135,877		60,208,838
AMETEK, Inc.		455,752		60,341,565
Boeing Co. (The)^(b)		282,698		58,526,967
C.H. Robinson Worldwide, Inc.^(c)		672,312		65,207,541
Carrier Global Corp.		1,053,519		55,025,297
Caterpillar, Inc.		289,871		59,136,583
Cintas Corp.		147,786		64,006,117
Copart, Inc.^(b)		415,144		64,467,712
CSX Corp.		1,919,969		69,445,279
Cummins, Inc.		254,643		61,073,577
Deere & Co.		163,531		55,978,297
Delta Air Lines, Inc.^(b)		1,509,780		59,077,691
Dover Corp.		342,537		57,916,156
Eaton Corp. PLC		371,298		61,175,058
Emerson Electric Co.		593,817		57,606,187
Equifax, Inc.		217,714		60,400,395
Expeditors International of Washington, Inc.		472,397		58,227,654
Fastenal Co.^(c)		1,108,994		63,301,378
FedEx Corp.		230,757		54,350,196
Fortive Corp.		789,144		59,746,092
Fortune Brands Home & Security, Inc.		620,925		62,961,795
Generac Holdings, Inc.^(b)		132,455		66,036,765
General Dynamics Corp.		294,695		59,749,411
General Electric Co.		582,566		61,093,696
Honeywell International, Inc.		267,295		58,436,033
Howmet Aerospace, Inc.		1,903,320		56,509,571
Huntington Ingalls Industries, Inc.		299,700		60,758,181
IDEX Corp.^(c)		273,603		60,895,820
IHS Markit Ltd.		492,460		64,374,371
Illinois Tool Works, Inc.		271,609		61,891,543
Ingersoll Rand, Inc.^(b)		1,085,936		58,379,919
J.B. Hunt Transport Services, Inc.		342,059		67,450,614
Jacobs Engineering Group, Inc.^(c)		445,723		62,588,424
Johnson Controls International PLC		791,979		58,107,499
Kansas City Southern		212,243		65,848,391
L3Harris Technologies, Inc.^(c)		256,472		59,127,055
Leidos Holdings, Inc.^(c)		611,250		61,112,775
Lockheed Martin Corp.		171,847		57,108,195
Masco Corp.		998,204		65,432,272
Nielsen Holdings PLC^(c)		2,987,568		60,498,252
Norfolk Southern Corp.		240,309		70,422,552
Northrop Grumman Corp.		167,923		59,985,454
Old Dominion Freight Line, Inc.		204,292		69,735,074
Otis Worldwide Corp.		656,653		52,735,802
PACCAR, Inc.		710,827		63,704,316
Parker-Hannifin Corp.		209,266		62,066,203
Pentair PLC		777,207		57,490,002
Quanta Services, Inc.		513,221		62,243,443
Raytheon Technologies Corp.		715,966		63,620,739
Republic Services, Inc.		478,637		64,424,540
Robert Half International, Inc.		579,508		65,524,970
Rockwell Automation, Inc.		189,572		60,549,297
Rollins, Inc.		1,525,728		53,751,397
Roper Technologies, Inc.		125,230		61,095,960
Snap-on, Inc.		271,780		55,233,849
Southwest Airlines Co.^(b)(c)		1,240,575		58,654,386
Stanley Black & Decker, Inc.		318,622		57,265,932
Textron, Inc.		842,148		62,192,630

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



		5
		5

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

October 31, 2021

(Unaudited)


	Shares		Value
Industrials-(continued)
Trane Technologies PLC		312,600	$	56,558,718
TransDigm Group, Inc.^(b)(c)		99,077		61,806,214
Union Pacific Corp.		286,097		69,063,816
United Airlines Holdings, Inc.^(b)(c)		1,340,135		61,833,829
United Parcel Service, Inc., Class B		307,523		65,646,935
United Rentals, Inc.^(b)(c)		174,306		66,081,148
Verisk Analytics, Inc.		289,122		60,793,683
W.W. Grainger, Inc.		142,990		66,220,099
Wabtec Corp.		664,712		60,309,320
Waste Management, Inc.		385,629		61,789,335
Xylem, Inc.^(c)		442,927		57,841,837

				4,450,389,467

Information Technology-14.82%
Accenture PLC, Class A		174,443		62,588,404
Adobe, Inc.^(b)		90,899		59,117,074
Advanced Micro Devices, Inc.^(b)		565,578		67,999,443
Akamai Technologies, Inc.^(b)		530,777		55,975,742
Amphenol Corp., Class A		788,984		60,570,302
Analog Devices, Inc.		349,661		60,662,687
ANSYS, Inc.^(b)(c)		158,988		60,348,665
Apple, Inc.^(c)		399,676		59,871,465
Applied Materials, Inc.		434,129		59,323,728
Arista Networks, Inc.^(b)		169,419		69,409,270
Autodesk, Inc.^(b)(c)		208,991		66,377,632
Automatic Data Processing, Inc.		295,807		66,405,713
Broadcom, Inc.		119,583		63,578,694
Broadridge Financial Solutions, Inc.		349,621		62,375,883
Cadence Design Systems, Inc.^(b)		356,158		61,654,511
CDW Corp.^(c)		300,085		56,010,865
Ceridian HCM Holding, Inc.^(b)		540,981		67,757,870
Cisco Systems, Inc.		1,026,504		57,453,429
Citrix Systems, Inc.^(c)		552,574		52,345,335
Cognizant Technology Solutions Corp., Class A		779,160		60,844,604
Corning, Inc.		1,530,367		54,435,154
DXC Technology Co.^(b)		1,728,875		56,309,459
Enphase Energy, Inc.^(b)(c)		375,458		86,967,337
F5 Networks, Inc.^(b)		292,752		61,814,585
Fidelity National Information Services, Inc.		480,109		53,167,271
Fiserv, Inc.^(b)		536,989		52,888,047
FleetCor Technologies, Inc.^(b)		227,971		56,402,305
Fortinet, Inc.^(b)		191,933		64,554,745
Gartner, Inc.^(b)		190,133		63,107,044
Global Payments, Inc.		357,043		51,053,579
Hewlett Packard Enterprise Co.		4,152,516		60,834,359
HP, Inc.		2,122,430		64,373,302
Intel Corp.		1,103,725		54,082,525
International Business Machines Corp.		433,568		54,239,357
Intuit, Inc.		105,310		65,923,007
IPG Photonics Corp.^(b)(c)		344,575		54,790,871
Jack Henry & Associates, Inc.		351,493		58,516,555
Juniper Networks, Inc.^(c)		2,135,184		63,030,632
Keysight Technologies, Inc.^(b)		330,588		59,512,452
KLA Corp.		170,061		63,391,938
Lam Research Corp.		99,313		55,969,827
Mastercard, Inc., Class A		171,112		57,411,498
Microchip Technology, Inc.		754,575		55,906,462
Micron Technology, Inc.		808,575		55,872,532


	Shares		Value
Information Technology-(continued)
Microsoft Corp.^(c)		201,619	$	66,860,893
Monolithic Power Systems, Inc.^(c)		120,429		63,280,622
Motorola Solutions, Inc.		245,515		61,032,574
NetApp, Inc.		644,284		57,534,561
NortonLifeLock, Inc.		2,179,737		55,474,307
NVIDIA Corp.		264,599		67,650,026
NXP Semiconductors N.V. (China)		280,000		56,240,800
Oracle Corp.		662,560		63,566,006
Paychex, Inc.		538,809		66,424,374
Paycom Software, Inc.^(b)		125,415		68,708,608
PayPal Holdings, Inc.^(b)		209,070		48,627,591
PTC, Inc.^(b)		472,916		60,225,853
Qorvo, Inc.^(b)		331,389		55,749,571
QUALCOMM, Inc.		416,329		55,388,410
salesforce.com, inc.^(b)		231,848		69,482,527
Seagate Technology Holdings PLC^(c)		708,244		63,083,293
ServiceNow, Inc.^(b)		91,884		64,112,980
Skyworks Solutions, Inc.		335,011		55,990,388
Synopsys, Inc.^(b)		178,869		59,595,573
TE Connectivity Ltd.		408,664		59,664,944
Teledyne Technologies, Inc.^(b)		137,268		61,663,531
Teradyne, Inc.^(c)		491,118		67,892,152
Texas Instruments, Inc.		311,664		58,430,767
Trimble, Inc.^(b)		633,519		55,350,555
Tyler Technologies, Inc.^(b)		126,164		68,534,808
VeriSign, Inc.^(b)(c)		268,722		59,836,328
Visa, Inc., Class A^(c)		264,326		55,976,317
Western Digital Corp.^(b)		1,025,111		53,603,054
Western Union Co. (The)^(c)		2,817,504		51,334,923
Xilinx, Inc.		383,895		69,101,100
Zebra Technologies Corp., Class A^(b)		103,096		55,048,109

				4,530,691,704

Materials-5.54%
Air Products and Chemicals, Inc.		221,592		66,435,498
Albemarle Corp.		247,295		61,939,979
Amcor PLC^(c)		4,831,107		58,311,461
Avery Dennison Corp.		264,952		57,685,349
Ball Corp.^(c)		626,530		57,314,964
Celanese Corp.		387,854		62,642,300
CF Industries Holdings, Inc.		1,301,953		73,950,930
Corteva, Inc.		1,368,699		59,059,362
Dow, Inc.		983,750		55,060,488
DuPont de Nemours, Inc.		843,166		58,684,354
Eastman Chemical Co.		542,828		56,470,397
Ecolab, Inc.		263,256		58,500,748
FMC Corp.		605,545		55,110,650
Freeport-McMoRan, Inc.		1,674,719		63,170,401
International Flavors & Fragrances, Inc.^(c)		402,697		59,377,673
International Paper Co.		1,074,523		53,371,557
Linde PLC (United Kingdom)		191,456		61,112,755
LyondellBasell Industries N.V., Class A		639,854		59,391,248
Martin Marietta Materials, Inc.^(c)		160,733		63,142,352
Mosaic Co. (The)		1,869,695		77,723,221
Newmont Corp.		1,042,766		56,309,364
Nucor Corp.		529,288		59,095,005
Packaging Corp. of America		391,348		53,759,475
PPG Industries, Inc.		388,303		62,349,813
Sealed Air Corp.		1,023,200		60,696,224

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



		6
		6

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

October 31, 2021

(Unaudited)


	Shares		Value
Materials-(continued)
Sherwin-Williams Co. (The)		198,338	$	62,795,794
Vulcan Materials Co.		334,343		63,565,291
WestRock Co.		1,145,592		55,102,975

				1,692,129,628

Real Estate-5.83%
Alexandria Real Estate Equities, Inc.		297,469		60,725,322
American Tower Corp.		202,268		57,033,508
AvalonBay Communities, Inc.		265,907		62,934,869
Boston Properties, Inc.^(c)		549,546		62,450,407
CBRE Group, Inc., Class A^(b)		613,746		63,878,684
Crown Castle International Corp.		315,392		56,865,178
Digital Realty Trust, Inc.^(c)		382,549		60,370,058
Duke Realty Corp.		1,170,780		65,844,667
Equinix, Inc.		70,522		59,031,850
Equity Residential		730,037		63,075,197
Essex Property Trust, Inc.		184,729		62,794,929
Extra Space Storage, Inc.		317,780		62,720,239
Federal Realty Investment Trust^(c)		504,605		60,729,212
Healthpeak Properties, Inc.		1,681,092		59,695,577
Host Hotels & Resorts, Inc.^(b)		3,716,381		62,546,692
Iron Mountain, Inc.^(c)		1,263,731		57,676,683
Kimco Realty Corp.		2,813,567		63,586,614
Mid-America Apartment Communities, Inc.		313,984		64,118,673
Prologis, Inc.		444,818		64,480,817
Public Storage		184,637		61,332,719
Realty Income Corp.		874,862		62,491,393
Regency Centers Corp.^(c)		897,007		63,158,263
SBA Communications Corp., Class A		168,643		58,237,487
Simon Property Group, Inc.		464,619		68,103,853
UDR, Inc.		1,126,476		62,553,212
Ventas, Inc.		1,057,685		56,448,648
Vornado Realty Trust^(c)		1,475,588		62,904,316
Welltower, Inc.^(c)		686,271		55,176,188
Weyerhaeuser Co.^(c)		1,711,900		61,149,068

				1,782,114,323

Utilities-5.31%
AES Corp. (The)		2,499,948		62,823,693
Alliant Energy Corp.		994,113		56,236,972
Ameren Corp.		682,878		57,559,787
American Electric Power Co., Inc.		669,111		56,680,393
American Water Works Co., Inc.		321,826		56,055,653
Atmos Energy Corp.^(c)		638,164		58,787,668
CenterPoint Energy, Inc.		2,266,369		59,016,249
CMS Energy Corp.		934,125		56,374,444
Consolidated Edison, Inc.		795,588		59,987,335
Dominion Energy, Inc.		768,846		58,378,477
DTE Energy Co.		500,383		56,718,413


	Shares		Value
Utilities-(continued)
Duke Energy Corp.		575,902	$	58,747,763
Edison International		1,022,335		64,335,542
Entergy Corp.^(c)		531,198		54,724,018
Evergy, Inc.		891,051		56,804,501
Eversource Energy		672,837		57,123,861
Exelon Corp.		1,190,624		63,329,291
FirstEnergy Corp.		1,576,534		60,743,855
NextEra Energy, Inc.		699,759		59,710,435
NiSource, Inc.		2,414,744		59,571,735
NRG Energy, Inc.		1,367,891		54,565,172
Pinnacle West Capital Corp.		797,058		51,402,270
PPL Corp.^(c)		2,007,020		57,802,176
Public Service Enterprise Group, Inc.		956,180		61,004,284
Sempra Energy		448,470		57,238,226
Southern Co. (The)		897,407		55,926,404
WEC Energy Group, Inc.		626,140		56,390,168
Xcel Energy, Inc.		876,895		56,638,648

				1,624,677,433

Total Common Stocks & Other Equity Interests (Cost $25,550,427,089)				30,555,155,900


Money Market Funds-0.00%
Invesco Government & Agency Portfolio, Institutional Class, 0.03%^(d)(e) (Cost $110,264)		110,264		110,264

TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-99.95% (Cost $25,550,537,353)				30,555,266,164


Investments Purchased with Cash Collateral from Securities on Loan

Money Market Funds-3.66%
Invesco Private Government Fund, 0.02%^(d)(e)(f)		332,750,681		332,750,681
Invesco Private Prime Fund, 0.11%^(d)(e)(f)		787,811,330		788,126,462

Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $1,120,877,136)				1,120,877,143


TOTAL INVESTMENTS IN SECURITIES-103.61% (Cost $26,671,414,489)				31,676,143,307
OTHER ASSETS LESS LIABILITIES-(3.61)%				(1,104,926,477	)

NET ASSETS-100.00%			$	30,571,216,830

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



		7
		7

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

October 31, 2021

(Unaudited)

Notes to Schedule of Investments:

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

^(b)	Non-income producing security.

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

^(d)

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


	Value April 30, 2021			Purchases at Cost		Proceeds from Sales			Change in Unrealized Appreciation (Depreciation)				Realized Gain		Value October 31, 2021			Dividend Income

Invesco Ltd.		$	53,120,799	$	21,333,307	$	(9,488,001	)		$	(5,968,843	)	$	2,385,929		$	61,383,191	$	672,770

Investments in Affiliated Money Market Funds:

Invesco Government & Agency Portfolio, Institutional Class			8,055,574		191,658,865		(199,604,175	)			-			-			110,264		1,246

Investments Purchased with Cash Collateral from Securities on Loan:

Invesco Private Government Fund			282,481,546		1,374,365,341		(1,324,096,206	)			-			-			332,750,681		19,092	*

Invesco Private Prime Fund			465,681,081		2,699,576,962		(2,377,131,584	)			3			-			788,126,462		275,860	*

Total		$	809,339,000	$	4,286,934,475	$	(3,910,319,966	)		$	(5,968,840	)	$	2,385,929		$	1,182,370,598	$	968,968

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

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

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

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



		8
		8

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

October 31, 2021

(Unaudited)

Portfolio Composition

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

as of October 31, 2021



Information Technology			14.82

Industrials			14.56

Financials			13.51

Consumer Discretionary			12.52

Health Care			12.27

Consumer Staples			6.12

Real Estate			5.83

Materials			5.54

Utilities			5.31

Energy			5.10

Communication Services			4.37

Money Market Funds Plus Other Assets Less Liabilities			0.05

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



		9
		9

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

October 31, 2021

(Unaudited)

Schedule of Investments^(a)


	Shares		Value
Common Stocks & Other Equity Interests-99.89%
Diversified Telecommunication Services-13.44%
AT&T, Inc.		70,958	$	1,792,398
Lumen Technologies, Inc.		161,124		1,910,931
Verizon Communications, Inc.		35,563		1,884,483

				5,587,812

Entertainment-29.55%
Activision Blizzard, Inc.		24,217		1,893,527
Electronic Arts, Inc.		13,290		1,863,923
Live Nation Entertainment, Inc.^(b)		22,406		2,266,367
Netflix, Inc.^(b)		3,221		2,223,489
Take-Two Interactive Software, Inc.^(b)		12,529		2,267,749
Walt Disney Co. (The)^(b)		10,474		1,770,839

				12,285,894

Interactive Media & Services-12.86%
Alphabet, Inc., Class A^(b)		350		1,036,322
Alphabet, Inc., Class C^(b)		331		981,551
Meta Platforms, Inc., Class A^(b)		5,096		1,648,913
Twitter, Inc.^(b)		31,329		1,677,354

				5,344,140

Media-39.96%
Charter Communications, Inc., Class A^(b)		2,452		1,654,830
Comcast Corp., Class A		32,524		1,672,709
Discovery, Inc., Class A^(b)(c)		27,176		637,005
Discovery, Inc., Class C^(b)		48,410		1,092,130
DISH Network Corp., Class A^(b)		45,114		1,852,832
Fox Corp., Class A		37,509		1,490,608
Fox Corp., Class B		17,434		644,361
Interpublic Group of Cos., Inc. (The)		53,339		1,950,607
News Corp., Class A		67,519		1,546,185
News Corp., Class B		21,018		474,166
Omnicom Group, Inc.		26,909		1,831,965
ViacomCBS, Inc., Class B		48,641		1,761,777

				16,609,175


	Shares		Value
Wireless Telecommunication Services-4.08%
T-Mobile US, Inc.^(b)		14,744	$	1,696,002

Total Common Stocks & Other Equity Interests (Cost $41,620,816)				41,523,023


Money Market Funds-0.00%
Invesco Government & Agency Portfolio, Institutional Class, 0.03%^(d)(e) (Cost $1,903)		1,903		1,903

TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-99.89% (Cost $41,622,719)				41,524,926


Investments Purchased with Cash Collateral from Securities on Loan

Money Market Funds-0.86%
Invesco Private Government Fund, 0.02%^(d)(e)(f)		107,190		107,190
Invesco Private Prime Fund, 0.11%^(d)(e)(f)		250,010		250,110

Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $357,300)				357,300

TOTAL INVESTMENTS IN SECURITIES-100.75% (Cost $41,980,019)				41,882,226
OTHER ASSETS LESS LIABILITIES-(0.75)%				(312,707	)


NET ASSETS-100.00%			$	41,569,519

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)


	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	$ -		$	368,253		$	(366,350	)		$-		$-		$ 1,903		$	3

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



		10
		10

Invesco S&P 500^® Equal Weight Communication Services ETF (EWCO)—(continued)

October 31, 2021

(Unaudited)


	Value April 30, 2021			Purchases at Cost			Proceeds from Sales				Change in Unrealized Appreciation			Realized Gain			Value October 31, 2021			Dividend Income


Investments Purchased with Cash Collateral from Securities on Loan:

Invesco Private Government Fund		$	168,501		$	4,326,281		$	(4,387,592	)		$	-		$	-		$	107,190		$	17	*

Invesco Private Prime Fund			252,751			6,229,019			(6,231,660	)			-			-			250,110			277	*

Total		$	421,252		$	10,923,553		$	(10,985,602	)		$	-		$	-		$	359,203		$	297

*	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


Media			39.96

Entertainment			29.55

Diversified Telecommunication Services			13.44

Interactive Media & Services			12.86

Wireless Telecommunication Services			4.08

Money Market Funds Plus Other Assets Less Liabilities			0.11

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



		11
		11

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

October 31, 2021

(Unaudited)

Schedule of Investments^(a)


	Shares		Value
Common Stocks & Other Equity Interests-100.00%
Auto Components-3.46%
Aptiv PLC^(b)		60,187	$	10,405,730
BorgWarner, Inc.		205,580		9,265,491

				19,671,221

Automobiles-6.15%
Ford Motor Co.^(b)		694,834		11,867,764
General Motors Co.^(b)		178,011		9,689,139
Tesla, Inc.^(b)		11,975		13,340,150

				34,897,053

Distributors-5.03%
Genuine Parts Co.		74,377		9,751,568
LKQ Corp.^(b)		173,805		9,573,179
Pool Corp.		17,873		9,207,455

				28,532,202

Hotels, Restaurants & Leisure-28.20%
Booking Holdings, Inc.^(b)		3,831		9,274,008
Caesars Entertainment, Inc.^(b)		84,555		9,255,390
Carnival Corp.^(b)		387,267		8,581,837
Chipotle Mexican Grill, Inc.^(b)		4,647		8,267,152
Darden Restaurants, Inc.		59,235		8,538,133
Domino’s Pizza, Inc.		17,240		8,429,843
Expedia Group, Inc.^(b)(c)		60,643		9,970,316
Hilton Worldwide Holdings, Inc.^(b)		69,186		9,959,325
Las Vegas Sands Corp.^(b)		210,551		8,171,484
Marriott International, Inc., Class A^(b)		64,966		10,395,859
McDonald’s Corp.		36,874		9,054,411
MGM Resorts International		208,305		9,823,664
Norwegian Cruise Line Holdings Ltd.^(b)(c)		358,273		9,214,782
Penn National Gaming, Inc.^(b)(c)		110,362		7,901,919
Royal Caribbean Cruises Ltd.^(b)(c)		108,049		9,122,577
Starbucks Corp.		73,827		7,830,830
Wynn Resorts Ltd.^(b)(c)		86,755		7,790,599
Yum! Brands, Inc.		67,810		8,472,181

				160,054,310

Household Durables-13.39%
D.R. Horton, Inc.		98,354		8,780,062
Garmin Ltd.		51,022		7,326,759
Leggett & Platt, Inc.		188,713		8,841,204
Lennar Corp., Class A		88,349		8,828,716
Mohawk Industries, Inc.^(b)		46,929		8,316,288
Newell Brands, Inc.		354,001		8,103,083
NVR, Inc.^(b)		1,708		8,360,318
PulteGroup, Inc.		183,842		8,839,123
Whirlpool Corp.		40,850		8,612,406

				76,007,959

Internet & Direct Marketing Retail-4.94%
Amazon.com, Inc.^(b)		2,537		8,555,855
eBay, Inc.		121,463		9,318,641
Etsy, Inc.^(b)(c)		40,631		10,185,786

				28,060,282

Leisure Products-1.52%
Hasbro, Inc.		89,922		8,610,931

Multiline Retail-5.08%
Dollar General Corp.		40,396		8,948,522


	Shares		Value
Multiline Retail-(continued)
Dollar Tree, Inc.^(b)		97,701	$	10,528,260
Target Corp.		36,044		9,357,743

				28,834,525

Specialty Retail-21.34%
Advance Auto Parts, Inc.		44,012		9,925,586
AutoZone, Inc.^(b)		5,689		10,153,955
Bath & Body Works, Inc.		138,467		9,566,685
Best Buy Co., Inc.		79,161		9,676,641
CarMax, Inc.^(b)		65,470		8,964,152
Gap, Inc. (The)		369,306		8,379,553
Home Depot, Inc. (The)		26,537		9,864,864
Lowe’s Cos., Inc.		43,149		10,089,099
O’Reilly Automotive, Inc.^(b)		14,886		9,263,856
Ross Stores, Inc.		78,108		8,841,826
TJX Cos., Inc. (The)		127,910		8,376,826
Tractor Supply Co.		43,002		9,338,744
Ulta Beauty, Inc.^(b)		23,553		8,652,430

				121,094,217

Textiles, Apparel & Luxury Goods-10.89%
Hanesbrands, Inc.		470,605		8,019,109
NIKE, Inc., Class B		53,880		9,013,585
PVH Corp.^(b)		80,686		8,821,401
Ralph Lauren Corp.		78,207		9,945,584
Tapestry, Inc.		217,684		8,485,322
Under Armour, Inc., Class A^(b)		203,480		4,468,421
Under Armour, Inc., Class C^(b)(c)		212,025		4,003,032
VF Corp.^(c)		124,145		9,047,688

				61,804,142

Total Common Stocks & Other Equity Interests (Cost $554,381,180)				567,566,842


Money Market Funds-0.01%
Invesco Government & Agency Portfolio, Institutional Class, 0.03%^(d)(e) (Cost $22,229)		22,229		22,229

TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-100.01% (Cost $554,403,409)				567,589,071


Investments Purchased with Cash Collateral from Securities on Loan

Money Market Funds-6.89%
Invesco Private Government Fund, 0.02%^(d)(e)(f)		11,731,286		11,731,286
Invesco Private Prime Fund, 0.11%^(d)(e)(f)		27,362,056		27,373,001

Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $39,104,287)				39,104,287

TOTAL INVESTMENTS IN SECURITIES-106.90% (Cost $593,507,696)				606,693,358
OTHER ASSETS LESS LIABILITIES-(6.90)%				(39,141,763	)

NET ASSETS-100.00%			$	567,551,595

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



		12
		12

Invesco S&P 500^® Equal Weight Consumer Discretionary ETF (RCD)—(continued)

October 31, 2021

(Unaudited)

Notes to Schedule of Investments:

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

^(b)	Non-income producing security.

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

^(d)


	Value April 30, 2021			Purchases at Cost			Proceeds from Sales				Change in Unrealized Appreciation (Depreciation)				Realized Gain			Value October 31, 2021			Dividend Income

Investments in Affiliated Money Market Funds:

Invesco Government & Agency Portfolio, Institutional Class		$	348,584		$	3,389,329		$	(3,715,684	)		$	-			$	-		$	22,229		$	41

Investments Purchased with Cash Collateral from Securities on Loan:

Invesco Private Government Fund			14,580,099			94,120,274			(96,969,087	)			-				-			11,731,286			916	*

Invesco Private Prime Fund			21,870,149			196,682,634			(191,179,781	)			(1	)			-			27,373,001			12,804	*

Total		$	36,798,832		$	294,192,237		$	(291,864,552	)		$	(1	)		$	-		$	39,126,516		$	13,761

*	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



Hotels, Restaurants & Leisure			28.20

Specialty Retail			21.34

Household Durables			13.39

Textiles, Apparel & Luxury Goods			10.89

Automobiles			6.15

Multiline Retail			5.08

Distributors			5.03

Internet & Direct Marketing Retail			4.94

Auto Components			3.46

Leisure Products			1.52

Money Market Funds Plus Other Assets Less Liabilities			0.00

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



		13
		13

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

October 31, 2021

(Unaudited)

Schedule of Investments^(a)


	Shares		Value
Common Stocks & Other Equity Interests-99.88%
Beverages-18.61%
Brown-Forman Corp., Class B		199,488	$	13,543,240
Coca-Cola Co. (The)		256,667		14,468,319
Constellation Brands, Inc., Class A		66,724		14,466,431
Molson Coors Beverage Co., Class B^(b)		313,214		13,809,605
Monster Beverage Corp.^(c)		148,803		12,648,255
PepsiCo, Inc.		91,811		14,836,658


				83,772,508

Food & Staples Retailing-15.77%
Costco Wholesale Corp.		30,685		15,082,905
Kroger Co. (The)		334,504		13,386,850
Sysco Corp.		186,432		14,336,621
Walgreens Boots Alliance, Inc.		288,638		13,571,758
Walmart, Inc.		97,833		14,618,207


				70,996,341

Food Products-41.10%
Archer-Daniels-Midland Co.		238,322		15,309,805
Campbell Soup Co.		330,779		13,214,621
Conagra Brands, Inc.		431,343		13,889,245
General Mills, Inc.		244,280		15,096,504
Hershey Co. (The)^(b)		81,534		14,296,987
Hormel Foods Corp.^(b)		337,350		14,276,652
JM Smucker Co. (The)		117,901		14,485,317
Kellogg Co.		227,499		13,945,689
Kraft Heinz Co. (The)		392,879		14,100,427
Lamb Weston Holdings, Inc.		235,962		13,320,055
McCormick & Co., Inc.^(b)		166,842		13,385,734
Mondelez International, Inc., Class A		236,979		14,394,104
Tyson Foods, Inc., Class A		190,820		15,259,875


				184,975,015

Household Products-15.68%
Church & Dwight Co., Inc.		172,570		15,075,715


	Shares		Value
Household Products-(continued)
Clorox Co. (The)		84,119	$	13,712,238
Colgate-Palmolive Co.		185,270		14,115,721
Kimberly-Clark Corp.		104,148		13,486,125
Procter & Gamble Co. (The)		99,029		14,160,157

				70,549,956

Personal Products-3.06%
Estee Lauder Cos., Inc. (The), Class A		42,518		13,789,863

Tobacco-5.66%
Altria Group, Inc.		282,079		12,442,505
Philip Morris International, Inc.		137,812		13,028,746

				25,471,251

TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-99.88% (Cost $408,180,120)				449,554,934


Investments Purchased with Cash Collateral from Securities on Loan

Money Market Funds-3.73%
Invesco Private Government Fund, 0.02%^(d)(e)(f)		5,036,061		5,036,061
Invesco Private Prime Fund, 0.11%^(d)(e)(f)		11,746,111		11,750,809

Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $16,786,870)				16,786,870

TOTAL INVESTMENTS IN SECURITIES-103.61% (Cost $424,966,990)				466,341,804
OTHER ASSETS LESS LIABILITIES-(3.61)%				(16,263,119	)


NET ASSETS-100.00%			$	450,078,685

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)	Non-income producing security.

^(d)


	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		$	-		$	6,132,690		$	(6,132,690)		$	-		$	-		$	-		$	31

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



		14
		14

Invesco S&P 500^® Equal Weight Consumer Staples ETF (RHS)—(continued)

October 31, 2021

(Unaudited)


	Value April 30, 2021			Purchases at Cost			Proceeds from Sales				Change in Unrealized Appreciation			Realized Gain			Value October 31, 2021			Dividend Income

Investments Purchased with Cash Collateral from Securities on Loan:

Invesco Private Government Fund		$	5,457,724		$	29,718,087		$	(30,139,750	)		$	-		$	-		$	5,036,061		$	208	*

Invesco Private Prime Fund			8,186,586			68,892,382			(65,328,159	)			-			-			11,750,809			2,915	*

Total		$	13,644,310		$	104,743,159		$	(101,600,599	)		$	-		$	-		$	16,786,870		$	3,154

*	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



Food Products			41.10

Beverages			18.61

Food & Staples Retailing			15.77

Household Products			15.68

Tobacco			5.66

Personal Products			3.06

Money Market Funds Plus Other Assets Less Liabilities			0.12

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



		15
		15

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

October 31, 2021

(Unaudited)

Schedule of Investments^(a)


	Shares		Value
Common Stocks & Other Equity Interests-94.98%
Energy Equipment & Services-13.02%
Baker Hughes Co., Class A		415,029	$	10,408,927
Halliburton Co.		509,119		12,722,884
Schlumberger N.V.		361,420		11,659,409

				34,791,220

Oil, Gas & Consumable Fuels-81.96%
APA Corp.		540,111		14,156,309
Chevron Corp.		83,094		9,513,432
ConocoPhillips		175,365		13,062,939
Coterra Energy, Inc.		545,984		11,640,379
Devon Energy Corp.		355,257		14,238,701
Diamondback Energy, Inc.		133,693		14,330,553
EOG Resources, Inc.		140,284		12,970,659
Exxon Mobil Corp.		143,601		9,257,956
Hess Corp.		147,084		12,144,726
Kinder Morgan, Inc.		611,414		10,241,184
Marathon Oil Corp.		894,854		14,604,017
Marathon Petroleum Corp.		170,803		11,261,042
Occidental Petroleum Corp.		391,956		13,142,285
ONEOK, Inc.		188,402		11,986,135
Phillips 66		147,704		11,045,305
Pioneer Natural Resources Co.		64,591		12,077,225


	Shares		Value
Oil, Gas & Consumable Fuels-(continued)
Valero Energy Corp.		155,223	$	12,003,395
Williams Cos., Inc. (The)		403,760		11,341,618

				219,017,860

Total Common Stocks & Other Equity Interests (Cost $222,284,091)				253,809,080


Exchange-Traded Funds-4.90%
Energy Select Sector SPDR Fund		227,184		13,056,264
SPDR S&P Oil & Gas Equipment & Services ETF		708		40,491

Total Exchange-Traded Funds (Cost $13,182,988)				13,096,755


Money Market Funds-0.05%
Invesco Government & Agency Portfolio, Institutional Class, 0.03%^(b)(c)(Cost $142,894)		142,894		142,894

TOTAL INVESTMENTS IN SECURITIES-99.93% (Cost $235,609,973)				267,048,729
OTHER ASSETS LESS LIABILITIES-0.07%				179,970

NET ASSETS-100.00%			$	267,228,699

Investment Abbreviations:

ETF -Exchange-Traded Fund

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)


	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		$	77,255		$	8,442,501		$	(8,376,862	)		$	-		$	-		$	142,894		$	35
Investments Purchased with Cash Collateral from Securities on Loan:

Invesco Private Government Fund			-			16,688,724			(16,688,724	)			-			-			-			76	*

Invesco Private Prime Fund			-			32,699,218			(32,699,218	)			-			-			-			1,004	*


Total		$	77,255		$	57,830,443		$	(57,764,804	)		$	-		$	-		$	142,894		$	1,115

*	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.

^(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.



		16
		16

Invesco S&P 500^® Equal Weight Energy ETF (RYE)—(continued)

October 31, 2021

(Unaudited)

Portfolio Composition

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

as of October 31, 2021



Oil, Gas & Consumable Fuels			81.96

Energy Equipment & Services			13.02

Exchange-Traded Funds			4.90

Money Market Funds Plus Other Assets Less Liabilities			0.12

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



		17
		17

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

October 31, 2021

(Unaudited)

Schedule of Investments^(a)


	Shares		Value
Common Stocks & Other Equity Interests-99.93%^(a)
Banks-28.96%
Bank of America Corp.		176,239	$	8,420,699
Citigroup, Inc.		101,993		7,053,836
Citizens Financial Group, Inc.		165,622		7,847,170
Comerica, Inc.		97,493		8,295,679
Fifth Third Bancorp		183,600		7,992,108
First Republic Bank		35,932		7,773,170
Huntington Bancshares, Inc.		462,271		7,276,146
JPMorgan Chase & Co.		45,121		7,665,607
KeyCorp		357,235		8,312,858
M&T Bank Corp.		52,265		7,689,227
People’s United Financial, Inc.		443,931		7,608,977
PNC Financial Services Group, Inc. (The)		37,036		7,815,707
Regions Financial Corp.		364,004		8,619,615
SVB Financial Group^(b)		12,006		8,613,104
Truist Financial Corp.		128,574		8,160,592
U.S. Bancorp		128,043		7,729,956
Wells Fargo & Co.		160,135		8,192,507
Zions Bancorporation N.A.		123,732		7,793,879

				142,860,837

Capital Markets-30.67%
Ameriprise Financial, Inc.		26,593		8,034,543
Bank of New York Mellon Corp. (The)		136,749		8,095,541
BlackRock, Inc.		7,724		7,287,285
Cboe Global Markets, Inc.		56,293		7,427,298
Charles Schwab Corp. (The)		99,389		8,152,880
CME Group, Inc., Class A		37,536		8,278,565
Franklin Resources, Inc.		226,583		7,135,099
Goldman Sachs Group, Inc. (The)		17,536		7,248,505
Intercontinental Exchange, Inc.		59,728		8,269,939
Invesco Ltd.^(c)		288,190		7,322,908
MarketAxess Holdings, Inc.		16,151		6,600,429
Moody’s Corp.		18,585		7,511,128
Morgan Stanley		68,455		7,035,805
MSCI, Inc.		10,865		7,223,921
Nasdaq, Inc.^(d)		36,178		7,592,677
Northern Trust Corp.		63,104		7,764,316
Raymond James Financial, Inc.		78,429		7,732,315
S&P Global, Inc.^(d)		15,771		7,477,977
State Street Corp.		81,045		7,986,985
T. Rowe Price Group, Inc.		32,706		7,093,277

				151,271,393

Consumer Finance-5.74%
American Express Co.		44,704		7,768,661
Capital One Financial Corp.		45,594		6,886,062
Discover Financial Services		58,893		6,673,755
Synchrony Financial		150,037		6,969,218

				28,297,696


	Shares		Value
Diversified Financial Services-1.49%
Berkshire Hathaway, Inc., Class B^(b)		25,578	$	7,341,142

Insurance-33.07%
Aflac, Inc.		129,836		6,968,298
Allstate Corp. (The)		53,929		6,669,400
American International Group, Inc.		130,414		7,706,163
Aon PLC, Class A		24,253		7,759,020
Arthur J. Gallagher & Co.		49,249		8,257,580
Assurant, Inc.		42,264		6,817,606
Brown & Brown, Inc.		122,868		7,754,200
Chubb Ltd.		39,336		7,685,468
Cincinnati Financial Corp.		60,450		7,341,048
Everest Re Group Ltd.		27,810		7,272,315
Globe Life, Inc.		77,098		6,863,264
Hartford Financial Services Group, Inc. (The)		102,914		7,505,518
Lincoln National Corp.^(d)		108,489		7,827,481
Loews Corp.		132,691		7,439,984
Marsh & McLennan Cos., Inc.		44,233		7,378,064
MetLife, Inc.		116,803		7,335,228
Principal Financial Group, Inc.		109,402		7,339,780
Progressive Corp. (The)		76,218		7,231,564
Prudential Financial, Inc.^(d)		68,443		7,532,152
Travelers Cos., Inc. (The)		45,375		7,299,930
W.R. Berkley Corp.		98,964		7,877,534
Willis Towers Watson PLC		30,028		7,275,184

				163,136,781

TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-99.93% (Cost $419,467,715)				492,907,849


Investments Purchased with Cash Collateral from Securities on Loan

Money Market Funds-2.81%
Invesco Private Government Fund, 0.02%^(c)(e)(f)		4,154,437		4,154,437
Invesco Private Prime Fund, 0.11%^(c)(e)(f)		9,689,809		9,693,685

Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $13,848,122)				13,848,122

TOTAL INVESTMENTS IN SECURITIES-102.74% (Cost $433,315,837)				506,755,971
OTHER ASSETS LESS LIABILITIES-(2.74)%				(13,530,564	)

NET ASSETS-100.00%			$	493,225,407

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



		18
		18

Invesco S&P 500^® Equal Weight Financials ETF (RYF)—(continued)

October 31, 2021

(Unaudited)

Notes to Schedule of Investments:

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

^(b)	Non-income producing security.

^(c)


	Value April 30, 2021			Purchases at Cost			Proceeds from Sales				Change in Unrealized Appreciation (Depreciation)				Realized Gain		Value October 31, 2021			Dividend Income

Invesco Ltd.		$	5,769,981		$	3,212,215		$	(1,245,147	)		$	(665,286	)		$251,145		$	7,322,908		$72,711
Investments in Affiliated Money Market Funds:

Invesco Government & Agency Portfolio, Institutional Class			215,534			4,594,819			(4,810,353	)			-			-			-		24
Investments Purchased with Cash Collateral from Securities on Loan:

Invesco Private Government Fund			-			30,834,434			(26,679,997	)			-			-			4,154,437		169	*

Invesco Private Prime Fund			-			66,861,412			(57,167,727	)			-			-			9,693,685		2,392	*


Total		$	5,985,515		$	105,502,880		$	(89,903,224	)		$	(665,286	)		$251,145		$	21,171,030		$75,296

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

^(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



Insurance			33.07
Capital Markets			30.67

Banks			28.96
Consumer Finance			5.74

Diversified Financial Services			1.49

Money Market Funds Plus Other Assets Less Liabilities			0.07

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



		19
		19

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

October 31, 2021

(Unaudited)

Schedule of Investments^(a)


	Shares		Value
Common Stocks & Other Equity Interests-99.98%
Biotechnology-11.93%
AbbVie, Inc.		148,914	$	17,075,968
Amgen, Inc.		74,321		15,382,217
Biogen, Inc.^(b)		52,988		14,130,840
Gilead Sciences, Inc.		223,780		14,518,846
Incyte Corp.^(b)		223,372		14,961,457
Moderna, Inc.^(b)		35,361		12,206,971
Regeneron Pharmaceuticals, Inc.^(b)		24,435		15,636,934
Vertex Pharmaceuticals, Inc.^(b)		84,245		15,579,428

				119,492,661

Health Care Equipment & Supplies-32.28%
Abbott Laboratories		123,351		15,898,710
ABIOMED, Inc.^(b)		43,987		14,605,443
Align Technology, Inc.^(b)		22,049		13,766,734
Baxter International, Inc.		196,320		15,501,427
Becton, Dickinson and Co.		61,495		14,733,587
Boston Scientific Corp.^(b)		357,315		15,410,996
Cooper Cos., Inc. (The)^(c)		35,204		14,677,252
Danaher Corp.		48,153		15,012,661
DENTSPLY SIRONA, Inc.		260,900		14,926,089
DexCom, Inc.^(b)		28,932		18,030,712
Edwards Lifesciences Corp.^(b)		131,416		15,746,265
Hologic, Inc.^(b)		198,602		14,559,513
IDEXX Laboratories, Inc.^(b)		23,307		15,525,725
Intuitive Surgical, Inc.^(b)		46,569		16,817,463
Medtronic PLC		121,140		14,519,840
ResMed, Inc.		53,754		14,132,464
STERIS PLC		75,754		17,706,740
Stryker Corp.		58,008		15,434,189
Teleflex, Inc.		42,657		15,225,990
West Pharmaceutical Services, Inc.		34,618		14,881,586
Zimmer Biomet Holdings, Inc.		113,117		16,189,305

				323,302,691

Health Care Providers & Services-24.25%
AmerisourceBergen Corp.		129,356		15,784,019
Anthem, Inc.		44,436		19,335,437
Cardinal Health, Inc.		300,761		14,379,383
Centene Corp.^(b)		265,966		18,947,418
Cigna Corp.		77,611		16,578,486
CVS Health Corp.		189,596		16,927,131
DaVita, Inc.^(b)		129,103		13,328,594
HCA Healthcare, Inc.		61,899		15,503,223
Henry Schein, Inc.^(b)		206,959		15,801,320
Humana, Inc.		39,520		18,304,083
Laboratory Corp. of America Holdings^(b)		52,787		15,150,925
McKesson Corp.		78,361		16,289,685
Quest Diagnostics, Inc.^(c)		102,539		15,050,674
UnitedHealth Group, Inc.		39,331		18,110,746
Universal Health Services, Inc., Class B		107,754		13,372,271

				242,863,395

Health Care Technology-1.58%
Cerner Corp.		213,380		15,852,000


	Shares		Value
Life Sciences Tools & Services-15.32%
Agilent Technologies, Inc.		89,646	$	14,118,349
Bio-Rad Laboratories, Inc., Class A^(b)		19,382		15,402,488
Bio-Techne Corp.		30,740		16,097,001
Charles River Laboratories International, Inc.^(b)		36,039		16,169,978
Illumina, Inc.^(b)		34,670		14,390,130
IQVIA Holdings, Inc.^(b)		60,983		15,942,176
Mettler-Toledo International, Inc.^(b)		9,966		14,758,450
PerkinElmer, Inc.		84,943		15,025,567
Thermo Fisher Scientific, Inc.		27,783		17,588,584
Waters Corp.^(b)		37,824		13,902,211

				153,394,934

Pharmaceuticals-14.62%
Bristol-Myers Squibb Co.		251,642		14,695,893
Catalent, Inc.^(b)(c)		115,412		15,910,698
Eli Lilly and Co.		66,331		16,898,486
Johnson & Johnson		95,144		15,497,055
Merck & Co., Inc.		216,285		19,043,894
Organon & Co.		468,896		17,231,928
Pfizer, Inc.		348,458		15,241,553
Viatris, Inc.		1,151,173		15,368,159
Zoetis, Inc.		76,744		16,592,053

				146,479,719

Total Common Stocks & Other Equity Interests (Cost $768,322,137)				1,001,385,400


Money Market Funds-0.01%
Invesco Government & Agency Portfolio, Institutional Class, 0.03%^(d)(e) (Cost $47,429)		47,429		47,429

TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-99.99% (Cost $768,369,566)				1,001,432,829


Investments Purchased with Cash Collateral from Securities on Loan

Money Market Funds-0.71%
Invesco Private Government Fund, 0.02%^(d)(e)(f)		2,140,218		2,140,218
Invesco Private Prime Fund, 0.11%^(d)(e)(f)		4,991,846		4,993,843

Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $7,134,061)				7,134,061

TOTAL INVESTMENTS IN SECURITIES-100.70% (Cost $775,503,627)				1,008,566,890
OTHER ASSETS LESS LIABILITIES-(0.70)%				(6,971,501	)

NET ASSETS-100.00%			$	1,001,595,389

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



		20
		20

Invesco S&P 500^® Equal Weight Health Care ETF (RYH)—(continued)

October 31, 2021

(Unaudited)

Notes to Schedule of Investments:

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

^(b)	Non-income producing security.

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

^(d)


	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		$	-		$	9,093,150		$	(9,045,721	)		$	-		$	-		$	47,429		$	40

Investments Purchased with Cash Collateral from Securities on Loan:

Invesco Private Government Fund			5,413,191			38,774,912			(42,047,885	)			-			-			2,140,218			161	*

Invesco Private Prime Fund			8,119,787			76,888,349			(80,014,293	)			-			-			4,993,843			2,425	*

Total		$	13,532,978		$	124,756,411		$	(131,107,899	)		$	-		$	-		$	7,181,490		$	2,626

*	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


Health Care Equipment & Supplies				32.28

Health Care Providers & Services				24.25

Life Sciences Tools & Services				15.32

Pharmaceuticals				14.62

Biotechnology				11.93

Health Care Technology				1.58

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.



		21
		21

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

October 31, 2021

(Unaudited)

Schedule of Investments^(a)


	Shares		Value
Common Stocks & Other Equity Interests-99.97%
Aerospace & Defense-13.47%
Boeing Co. (The)^(b)		28,242	$	5,846,941
General Dynamics Corp.		29,450		5,970,988
Howmet Aerospace, Inc.		190,202		5,647,097
Huntington Ingalls Industries, Inc.		29,962		6,074,196
L3Harris Technologies, Inc.		25,636		5,910,123
Lockheed Martin Corp.		17,168		5,705,270
Northrop Grumman Corp.		16,774		5,992,008
Raytheon Technologies Corp.		71,553		6,358,200
Textron, Inc.		84,165		6,215,585
TransDigm Group, Inc.^(b)		9,908		6,180,809

				59,901,217

Air Freight & Logistics-5.47%
C.H. Robinson Worldwide, Inc.^(c)		67,181		6,515,885
Expeditors International of Washington, Inc.		47,223		5,820,707
FedEx Corp.		23,052		5,429,438
United Parcel Service, Inc., Class B		30,730		6,559,933

				24,325,963

Airlines-6.64%
Alaska Air Group, Inc.^(b)		105,876		5,590,253
American Airlines Group, Inc.^(b)(c)		313,374		6,016,781
Delta Air Lines, Inc.(b)		150,869		5,903,504
Southwest Airlines Co.^(b)		123,979		5,861,727
United Airlines Holdings, Inc.^(b)(c)		133,924		6,179,253

				29,551,518

Building Products-9.27%
A.O. Smith Corp.		84,698		6,188,883
Allegion PLC		41,088		5,271,590
Carrier Global Corp.		105,234		5,496,372
Fortune Brands Home & Security, Inc.		62,051		6,291,971
Johnson Controls International PLC		79,110		5,804,301
Masco Corp.		99,729		6,537,236
Trane Technologies PLC		31,250		5,654,063

				41,244,416

Commercial Services & Supplies-6.92%
Cintas Corp.		14,717		6,373,933
Copart, Inc.^(b)		41,468		6,439,566
Republic Services, Inc.		47,799		6,433,745
Rollins, Inc.		152,456		5,371,025
Waste Management, Inc.		38,448		6,160,523

				30,778,792

Construction & Engineering-1.40%
Quanta Services, Inc.		51,280		6,219,238


Electrical Equipment-6.86%
AMETEK, Inc.		45,526		6,027,642
Eaton Corp. PLC		37,025		6,100,239
Emerson Electric Co.		59,331		5,755,700
Generac Holdings, Inc.^(b)		13,168		6,565,038
Rockwell Automation, Inc.		18,902		6,037,299

				30,485,918

Industrial Conglomerates-5.35%
3M Co.		32,174		5,748,850
General Electric Co.		58,222		6,105,741


	Shares		Value
Industrial Conglomerates-(continued)
Honeywell International, Inc.		26,698	$	5,836,717
Roper Technologies, Inc.		12,525		6,110,572

				23,801,880

Machinery-21.16%
Caterpillar, Inc.		28,969		5,909,966
Cummins, Inc.		25,454		6,104,887
Deere & Co.		16,363		5,601,219
Dover Corp.		34,221		5,786,087
Fortive Corp.		78,857		5,970,264
IDEX Corp.		27,352		6,087,735
Illinois Tool Works, Inc.		27,137		6,183,708
Ingersoll Rand, Inc.^(b)		108,508		5,833,390
Otis Worldwide Corp.		65,586		5,267,212
PACCAR, Inc.		71,026		6,365,350
Parker-Hannifin Corp.		20,911		6,201,993
Pentair PLC		77,595		5,739,702
Snap-on, Inc.		27,154		5,518,507
Stanley Black & Decker, Inc.		31,856		5,725,479
Wabtec Corp.		66,436		6,027,738
Xylem, Inc.		44,212		5,773,645

				94,096,882

Professional Services-9.78%
Equifax, Inc.		21,772		6,040,206
IHS Markit Ltd.		49,153		6,425,280
Jacobs Engineering Group, Inc.		44,539		6,254,166
Leidos Holdings, Inc.		61,063		6,105,079
Nielsen Holdings PLC		298,553		6,045,698
Robert Half International, Inc.		57,850		6,541,100
Verisk Analytics, Inc.		28,892		6,075,121

				43,486,650

Road & Rail-9.25%
CSX Corp.		191,865		6,939,757
J.B. Hunt Transport Services, Inc.		34,175		6,738,968
Kansas City Southern		21,202		6,577,921
Norfolk Southern Corp.		24,026		7,040,819
Old Dominion Freight Line, Inc.		20,374		6,954,665
Union Pacific Corp.		28,580		6,899,212

				41,151,342

Trading Companies & Distributors-4.40%
Fastenal Co.		110,830		6,326,177
United Rentals, Inc.^(b)		17,403		6,597,651
W.W. Grainger, Inc.		14,308		6,626,178

				19,550,006

Total Common Stocks & Other Equity Interests (Cost $387,699,619)				444,593,822


Money Market Funds-0.03%
Invesco Government & Agency Portfolio, Institutional Class, 0.03%^(d)(e)(Cost $121,361)		121,361		121,361

TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-100.00% (Cost $387,820,980)				444,715,183

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



		22
		22

Invesco S&P 500^® Equal Weight Industrials ETF (RGI)—(continued)

October 31, 2021

(Unaudited)


	Shares		Value
Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds-2.74%
Invesco Private Government Fund, 0.02%^(d)(e)(f)		3,517,711	$	3,517,711
Invesco Private Prime Fund, 0.11%^(d)(e)(f)		8,685,672		8,689,146

Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $12,206,857)				12,206,857

TOTAL INVESTMENTS IN SECURITIES-102.74% (Cost $400,027,837)				456,922,040
OTHER ASSETS LESS LIABILITIES-(2.74)%				(12,175,799	)

NET ASSETS-100.00%			$	444,746,241

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)


	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		$	-		$	2,754,481		$	(2,633,120	)		$	-		$	-		$	121,361		$	27

Investments Purchased with Cash Collateral from Securities on Loan:

Invesco Private Government Fund			2,020,793			38,680,601			(37,183,683	)			-			-			3,517,711			313	*

Invesco Private Prime Fund			3,031,189			60,843,287			(55,185,330	)			-			-			8,689,146			4,564	*


Total		$	5,051,982		$	102,278,369		$	(95,002,133	)		$	-		$	-		$	12,328,218		$	4,904

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

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

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

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



		23
		23

Invesco S&P 500^® Equal Weight Industrials ETF (RGI)—(continued)

October 31, 2021

(Unaudited)

Portfolio Composition

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

as of October 31, 2021


Machinery			21.16

Aerospace & Defense			13.47

Professional Services			9.78

Building Products			9.27

Road & Rail			9.25

Commercial Services & Supplies			6.92

Electrical Equipment			6.86

Airlines			6.64

Air Freight & Logistics			5.47

Industrial Conglomerates			5.35

Trading Companies & Distributors			4.40

Construction & Engineering			1.40

Money Market Funds Plus Other Assets Less Liabilities			0.03

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



		24
		24

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

October 31, 2021

(Unaudited)

Schedule of Investments^(a)


	Shares		Value
Common Stocks & Other Equity Interests-99.98%
Chemicals-58.51%
Air Products and Chemicals, Inc.		59,396	$	17,807,515
Albemarle Corp.		66,007		16,532,773
Celanese Corp.		103,894		16,779,920
CF Industries Holdings, Inc.		348,763		19,809,738
Corteva, Inc.		366,592		15,818,445
Dow, Inc.		263,489		14,747,479
DuPont de Nemours, Inc.		225,808		15,716,237
Eastman Chemical Co.		145,401		15,126,066
Ecolab, Inc.		70,480		15,662,066
FMC Corp.		162,221		14,763,733
International Flavors & Fragrances, Inc.		107,849		15,902,335
Linde PLC (United Kingdom)		51,274		16,366,661
LyondellBasell Industries N.V., Class A		171,394		15,908,791
Mosaic Co. (The)		500,862		20,820,833
PPG Industries, Inc.		104,012		16,701,207
Sherwin-Williams Co. (The)		52,952		16,765,133

				265,228,932

Construction Materials-7.49%
Martin Marietta Materials, Inc.		43,082		16,924,333
Vulcan Materials Co.		89,581		17,031,139

				33,955,472

Containers & Packaging-23.43%
Amcor PLC^(b)		1,294,098		15,619,763
Avery Dennison Corp.		70,944		15,445,928
Ball Corp.		167,850		15,354,918
International Paper Co.		289,595		14,384,184
Packaging Corp. of America		104,842		14,402,146
Sealed Air Corp.		274,064		16,257,476
WestRock Co.		306,875		14,760,687

				106,225,102


	Shares		Value
Metals & Mining-10.55%
Freeport-McMoRan, Inc.		448,633	$	16,922,437
Newmont Corp.		279,302		15,082,308
Nucor Corp.^(b)		141,811		15,833,198

				47,837,943

Total Common Stocks & Other Equity Interests (Cost $416,590,991)				453,247,449


Money Market Funds-0.00%
Invesco Government & Agency Portfolio, Institutional Class, 0.03%^(c)(d)(Cost $562)		562		562

TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-99.98% (Cost $416,591,553)				453,248,011


Investments Purchased with Cash Collateral from Securities on Loan

Money Market Funds-2.02%
Invesco Private Government Fund, 0.02%^(c)(d)(e)		2,756,085		2,756,085
Invesco Private Prime Fund, 0.11%^(c)(d)(e)		6,428,294		6,430,865

Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $9,186,950)				9,186,950

TOTAL INVESTMENTS IN SECURITIES-102.00% (Cost $425,778,503)				462,434,961
OTHER ASSETS LESS LIABILITIES-(2.00)%				(9,082,093	)

NET ASSETS-100.00%			$	453,352,868

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)


	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		$	-		$	4,872,746		$	(4,872,184)		$	-		$	-		$	562		$	46

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



		25
		25

Invesco S&P 500^® Equal Weight Materials ETF (RTM)—(continued)

October 31, 2021

(Unaudited)


	Value April 30, 2021			Purchases at Cost			Proceeds from Sales				Change in Unrealized Appreciation			Realized Gain			Value October 31, 2021			Dividend Income

Investments Purchased with Cash Collateral from Securities on Loan:

Invesco Private Government Fund		$	-		$	33,929,307		$	(31,173,222	)		$	-		$	-		$	2,756,085		$	234	*

Invesco Private Prime Fund			-			71,937,907			(65,507,042	)			-			-			6,430,865			3,011	*

Total		$	-		$	110,739,960		$	(101,552,448	)		$	-		$	-		$	9,187,512		$	3,291

*	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



Chemicals		58.51

Containers & Packaging		23.43

Metals & Mining		10.55

Construction Materials		7.49

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.



		26
		26

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

October 31, 2021

(Unaudited)

Schedule of Investments^(a)


	Shares		Value
Common Stocks & Other Equity Interests-99.92%
Equity REITs-96.34%
Alexandria Real Estate Equities, Inc.		18,184	$	3,712,082
American Tower Corp.		12,349		3,482,048
AvalonBay Communities, Inc.		16,239		3,843,447
Boston Properties, Inc.		33,585		3,816,599
Crown Castle International Corp.		19,282		3,476,545
Digital Realty Trust, Inc.		23,389		3,691,018
Duke Realty Corp.		71,599		4,026,728
Equinix, Inc.		4,287		3,588,519
Equity Residential		44,625		3,855,600
Essex Property Trust, Inc.		11,266		3,829,651
Extra Space Storage, Inc.		19,438		3,836,478
Federal Realty Investment Trust		30,867		3,714,843
Healthpeak Properties, Inc.		102,752		3,648,724
Host Hotels & Resorts, Inc.^(b)		227,177		3,823,389
Iron Mountain, Inc.^(c)		77,263		3,526,283
Kimco Realty Corp.		172,026		3,887,788
Mid-America Apartment Communities, Inc.		19,183		3,917,360
Prologis, Inc.		27,167		3,938,128
Public Storage		11,227		3,729,385
Realty Income Corp.		53,498		3,821,362
Regency Centers Corp.		54,860		3,862,693
SBA Communications Corp., Class A		10,301		3,557,244
Simon Property Group, Inc.		28,412		4,164,631
UDR, Inc.		68,874		3,824,573
Ventas, Inc.		64,663		3,451,064
Vornado Realty Trust^(c)		90,197		3,845,098
Welltower, Inc.		41,901		3,368,840
Weyerhaeuser Co.		104,655		3,738,277

				104,978,397


	Shares		Value
Real Estate Management & Development-3.58%
CBRE Group, Inc., Class A^(b)		37,471	$	3,899,982

Total Common Stocks & Other Equity Interests (Cost $100,550,612)				108,878,379


Money Market Funds-0.09%
Invesco Government & Agency Portfolio, Institutional Class, 0.03%^(d)(e)(Cost $95,476)		95,476		95,476

TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-100.01% (Cost $100,646,088)				108,973,855


Investments Purchased with Cash Collateral from Securities on Loan

Money Market Funds-2.53%
Invesco Private Government Fund, 0.02%^(d)(e)(f)		827,032		827,032
Invesco Private Prime Fund, 0.11%^(d)(e)(f)		1,928,969		1,929,741

Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $2,756,773)				2,756,773

TOTAL INVESTMENTS IN SECURITIES-102.54% (Cost $103,402,861)				111,730,628
OTHER ASSETS LESS LIABILITIES-(2.54)%				(2,767,793	)

NET ASSETS-100.00%			$	108,962,835

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)


	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		$	7,450		$	822,176		$	(734,150	)		$	-		$	-		$	95,476		$	5

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



		27
		27

Invesco S&P 500^® Equal Weight Real Estate ETF (EWRE)—(continued)

October 31, 2021

(Unaudited)


	Value April 30, 2021			Purchases at Cost			Proceeds from Sales				Change in Unrealized Appreciation			Realized Gain			Value October 31, 2021			Dividend Income

Investments Purchased with Cash Collateral from Securities on Loan:

Invesco Private Government Fund		$	627,528		$	2,905,509		$	(2,706,005	)		$	-		$	-		$	827,032		$	19	*

Invesco Private Prime Fund			941,292			6,683,697			(5,695,248	)			-			-			1,929,741			291	*

Total		$	1,576,270		$	10,411,382		$	(9,135,403	)		$	-		$	-		$	2,852,249		$	315

*	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


Equity REITs		96.34

Real Estate Management & Development		3.58

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.



		28
		28

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

October 31, 2021

(Unaudited)

Schedule of Investments^(a)


	Shares		Value
Common Stocks & Other Equity Interests-99.98%
Aerospace & Defense-1.36%
Teledyne Technologies, Inc.^(b)		86,765	$	38,976,573

Communications Equipment-6.90%
Arista Networks, Inc.^(b)		107,015		43,842,975
Cisco Systems, Inc.		648,708		36,308,187
F5 Networks, Inc.^(b)		185,030		39,069,085
Juniper Networks, Inc.^(c)		1,349,397		39,834,199
Motorola Solutions, Inc.		154,757		38,471,043

				197,525,489

Electronic Equipment, Instruments & Components-10.05%
Amphenol Corp., Class A		498,353		38,258,560
CDW Corp.		189,693		35,406,198
Corning, Inc.		967,132		34,400,885
IPG Photonics Corp.^(b)(c)		217,715		34,618,862
Keysight Technologies, Inc.^(b)		208,495		37,533,270
TE Connectivity Ltd.		258,279		37,708,734
Trimble, Inc.^(b)		400,054		34,952,718
Zebra Technologies Corp., Class A^(b)		64,721		34,557,778

				287,437,005

IT Services-24.14%
Accenture PLC, Class A		109,870		39,420,257
Akamai Technologies, Inc.^(b)		335,511		35,382,990
Automatic Data Processing, Inc.		186,993		41,978,059
Broadridge Financial Solutions, Inc.		220,956		39,420,760
Cognizant Technology Solutions Corp., Class A		492,443		38,454,874
DXC Technology Co.^(b)		1,092,631		35,586,992
Fidelity National Information Services, Inc.		303,366		33,594,751
Fiserv, Inc.^(b)		339,300		33,417,657
FleetCor Technologies, Inc.^(b)		144,022		35,632,483
Gartner, Inc.^(b)		119,737		39,741,908
Global Payments, Inc.		225,724		32,276,275
International Business Machines Corp.		274,075		34,286,783
Jack Henry & Associates, Inc.^(c)		222,159		36,985,030
Mastercard, Inc., Class A		108,102		36,270,383
Paychex, Inc.		340,469		41,973,018
PayPal Holdings, Inc.^(b)		132,083		30,721,185
VeriSign, Inc.^(b)		169,796		37,808,475
Visa, Inc., Class A		166,972		35,359,660
Western Union Co. (The)^(c)		1,780,641		32,443,279

				690,754,819

Semiconductors & Semiconductor Equipment-25.91%
Advanced Micro Devices, Inc.^(b)		356,989		42,920,787
Analog Devices, Inc.		220,982		38,338,167
Applied Materials, Inc.		274,435		37,501,543
Broadcom, Inc.		75,386		40,080,475
Enphase Energy, Inc.^(b)(c)		237,351		54,977,612
Intel Corp.		697,506		34,177,794
KLA Corp.		107,160		39,944,962
Lam Research Corp.		62,787		35,384,870
Microchip Technology, Inc.		476,934		35,336,040
Micron Technology, Inc.		510,935		35,305,608
Monolithic Power Systems, Inc.		76,065		39,969,115
NVIDIA Corp.		167,082		42,717,855
NXP Semiconductors N.V. (China)		177,040		35,560,254
Qorvo, Inc.^(b)		209,446		35,235,101


	Shares		Value
Semiconductors & Semiconductor Equipment-(continued)
QUALCOMM, Inc.		263,202	$	35,016,394
Skyworks Solutions, Inc.		211,773		35,393,621
Teradyne, Inc.		310,438		42,914,949
Texas Instruments, Inc.		196,977		36,929,248
Xilinx, Inc.		242,228		43,601,040

				741,305,435

Software-23.69%
Adobe, Inc.^(b)		57,026		37,087,429
ANSYS, Inc.^(b)		100,516		38,153,863
Autodesk, Inc.^(b)		132,031		41,934,366
Cadence Design Systems, Inc.^(b)		225,098		38,966,715
Ceridian HCM Holding, Inc.^(b)(c)		341,864		42,818,466
Citrix Systems, Inc.		349,110		33,071,190
Fortinet, Inc.^(b)		120,975		40,688,732
Intuit, Inc.		66,238		41,464,326
Microsoft Corp.		127,020		42,122,372
NortonLifeLock, Inc.		1,377,613		35,060,251
Oracle Corp.		418,763		40,176,122
Paycom Software, Inc.^(b)		78,960		43,258,236
PTC, Inc.^(b)		298,947		38,070,900
salesforce.com, inc.^(b)		146,023		43,761,633
ServiceNow, Inc.^(b)		57,972		40,450,543
Synopsys, Inc.^(b)		112,993		37,647,008
Tyler Technologies, Inc.^(b)(c)		79,617		43,249,547

				677,981,699

Technology Hardware, Storage & Peripherals-7.93%
Apple, Inc.		252,101		37,764,730
Hewlett Packard Enterprise Co.		2,624,299		38,445,980
HP, Inc.		1,341,204		40,678,717
NetApp, Inc.		406,786		36,325,990
Seagate Technology Holdings PLC		447,494		39,858,291
Western Digital Corp.^(b)		647,813		33,874,142

				226,947,850

Total Common Stocks & Other Equity Interests (Cost $2,062,561,429)				2,860,928,870


Money Market Funds-0.03%
Invesco Government & Agency Portfolio, Institutional Class, 0.03%(d)(e) (Cost $1,023,406)		1,023,406		1,023,406

TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-100.01% (Cost $2,063,584,835)				2,861,952,276


Investments Purchased with Cash Collateral from Securities on Loan

Money Market Funds-1.09%
Invesco Private Government Fund, 0.02%^(d)(e)(f)		9,345,823		9,345,823

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



		29
		29

Invesco S&P 500^® Equal Weight Technology ETF (RYT)—(continued)

October 31, 2021

(Unaudited)


	Shares		Value
Money Market Funds-(continued)
Invesco Private Prime Fund, 0.11%^(d)(e)(f)		21,798,202	$	21,806,921

Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $31,152,744)				31,152,744

TOTAL INVESTMENTS IN SECURITIES-101.10% (Cost $2,094,737,579)				2,893,105,020
OTHER ASSETS LESS LIABILITIES-(1.10)%				(31,489,466	)

NET ASSETS-100.00%			$	2,861,615,554

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)


	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		$	367,137		$	26,245,407		$	(25,589,138	)		$	-		$	-		$	1,023,406		$	115

Investments Purchased with Cash Collateral from Securities on Loan:

Invesco Private Government Fund			20,978,643			167,086,029			(178,718,849	)			-			-			9,345,823			992	*

Invesco Private Prime Fund			31,709,690			364,786,919			(374,689,688	)			-			-			21,806,921			14,171	*

Total		$	53,055,470		$	558,118,355		$	(578,997,675	)		$	-		$	-		$	32,176,150		$	15,278

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

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

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

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



		30
		30

Invesco S&P 500^® Equal Weight Technology ETF (RYT)—(continued)

October 31, 2021

(Unaudited)

Portfolio Composition

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

as of October 31, 2021



Semiconductors & Semiconductor Equipment			25.91

IT Services			24.14

Software			23.69

Electronic Equipment, Instruments & Components			10.05

Technology Hardware, Storage & Peripherals			7.93

Communications Equipment			6.90

Aerospace & Defense			1.36

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.



		31
		31

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

October 31, 2021

(Unaudited)

Schedule of Investments^(a)


	Shares		Value
Common Stocks & Other Equity Interests-99.88%
Electric Utilities-53.17%
Alliant Energy Corp.		153,488	$	8,682,816
American Electric Power Co., Inc.		103,283		8,749,103
Duke Energy Corp.		88,901		9,068,791
Edison International		157,825		9,931,927
Entergy Corp.		82,034		8,451,143
Evergy, Inc.		137,566		8,769,832
Eversource Energy		103,862		8,817,884
Exelon Corp.		183,817		9,777,226
FirstEnergy Corp.		243,408		9,378,510
NextEra Energy, Inc.		108,024		9,217,688
NRG Energy, Inc.		211,044		8,418,545
Pinnacle West Capital Corp.		123,056		7,935,881
PPL Corp.		309,837		8,923,306
Southern Co. (The)		138,561		8,635,122
Xcel Energy, Inc.		135,396		8,745,228

				133,503,002

Gas Utilities-3.61%
Atmos Energy Corp.		98,515		9,075,202

Independent Power and Renewable Electricity Producers-3.86%
AES Corp. (The)		385,953		9,698,999

Multi-Utilities-35.80%
Ameren Corp.		105,441		8,887,622
CenterPoint Energy, Inc.		349,898		9,111,344


	Shares		Value
Multi-Utilities-(continued)
CMS Energy Corp.		144,225	$	8,703,979
Consolidated Edison, Inc.		122,825		9,261,005
Dominion Energy, Inc.		118,684		9,011,676
DTE Energy Co.		77,240		8,755,154
NiSource, Inc.		372,789		9,196,705
Public Service Enterprise Group, Inc.		147,642		9,419,559
Sempra Energy		69,240		8,837,101
WEC Energy Group, Inc.		96,686		8,707,541

				89,891,686

Water Utilities-3.44%
American Water Works Co., Inc.		49,643		8,646,818

Total Common Stocks & Other Equity Interests (Cost $236,787,429)				250,815,707


Money Market Funds-0.03%
Invesco Government & Agency Portfolio, Institutional Class, 0.03%^(b)(c) (Cost $63,155)		63,155		63,155

TOTAL INVESTMENTS IN SECURITIES-99.91% (Cost $236,850,584)				250,878,862
OTHER ASSETS LESS LIABILITIES-0.09%				228,540

NET ASSETS-100.00%			$	251,107,402

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)


	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		$	116,957		$	3,490,235		$	(3,544,037	)		$	-		$	-		$	63,155		$	20

Investments Purchased with Cash Collateral from Securities on Loan:

Invesco Private Government Fund			-			7,025,647			(7,025,647	)			-			-			-			26	*

Invesco Private Prime Fund			-			16,389,795			(16,389,795	)			-			-			-			336	*


Total		$	116,957		$	26,905,677		$	(26,959,479	)		$	-		$	-		$	63,155		$	382

*	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.

^(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.



		32
		32

Invesco S&P 500^® Equal Weight Utilities ETF (RYU)—(continued)

October 31, 2021

(Unaudited)

Portfolio Composition

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

as of October 31, 2021



Electric Utilities			53.17

Multi-Utilities			35.80

Independent Power and Renewable Electricity Producers			3.86

Gas Utilities			3.61

Water Utilities			3.44

Money Market Funds Plus Other Assets Less Liabilities			0.12

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



		33
		33

Invesco S&P MidCap 400^® Equal Weight ETF (EWMC)

October 31, 2021

(Unaudited)

Schedule of Investments^(a)


	Shares		Value
Common Stocks & Other Equity Interests-99.95%
Communication Services-2.46%
Cable One, Inc.		159	$	272,082
Iridium Communications, Inc.^(b)		6,628		268,766
John Wiley & Sons, Inc., Class A		5,553		300,806
New York Times Co. (The), Class A		6,198		338,349
TEGNA, Inc.		18,864		370,866
Telephone & Data Systems, Inc.		15,896		297,891
TripAdvisor, Inc.^(b)		9,062		298,774
World Wrestling Entertainment, Inc., Class A^(c)		6,037		368,800
Yelp, Inc.^(b)		8,755		338,206
Ziff Davis, Inc.^(b)		2,708		347,355

				3,201,895

Consumer Discretionary-14.72%
Adient PLC^(b)		8,506		354,020
American Eagle Outfitters, Inc.^(c)		11,592		275,194
AutoNation, Inc.^(b)		2,998		363,118
Boyd Gaming Corp.^(b)		5,287		337,205
Brunswick Corp.		3,226		300,308
Callaway Golf Co.^(b)(c)		11,048		298,848
Capri Holdings Ltd.^(b)		5,797		308,632
Carter’s, Inc.		3,063		301,767
Choice Hotels International, Inc.		2,627		369,409
Churchill Downs, Inc.		1,437		330,510
Columbia Sportswear Co.		3,050		316,712
Cracker Barrel Old Country Store, Inc.		2,309		307,490
Crocs, Inc.^(b)		2,175		351,154
Dana, Inc.		14,641		324,884
Deckers Outdoor Corp.^(b)		755		298,459
Dick’s Sporting Goods, Inc.^(c)		2,371		294,502
Five Below, Inc.^(b)		1,681		331,661
Foot Locker, Inc.		6,001		286,068
Fox Factory Holding Corp.^(b)		2,069		333,006
GameStop Corp., Class A^(b)(c)		1,647		302,241
Gentex Corp.		10,040		355,316
Goodyear Tire & Rubber Co. (The)^(b)		19,905		380,584
Graham Holdings Co., Class B		535		313,430
Grand Canyon Education, Inc.^(b)		3,581		285,406
H&R Block, Inc.		12,645		291,720
Harley-Davidson, Inc.		8,445		308,158
Helen of Troy Ltd.^(b)(c)		1,338		300,983
Jack in the Box, Inc.		3,117		308,427
KB Home		7,545		302,932
Kohl’s Corp.^(c)		6,053		293,752
Lear Corp.		2,025		347,996
Lithia Motors, Inc., Class A		944		301,344
Marriott Vacations Worldwide Corp.		2,103		330,634
Mattel, Inc.^(b)		15,675		341,872
Murphy USA, Inc		2,117		344,965
Nordstrom, Inc.^(b)(c)		11,816		339,474
Ollie’s Bargain Outlet Holdings, Inc.^(b)(c)		4,423		299,260
Papa John’s International, Inc.		2,423		300,646
Polaris, Inc.^(c)		2,614		300,479
RH^(b)(c)		451		297,493
Scientific Games Corp.^(b)		4,358		348,858
Service Corp. International		5,028		344,368
Six Flags Entertainment Corp.^(b)		7,864		323,446
Skechers U.S.A., Inc., Class A^(b)		6,705		309,838


	Shares		Value
Consumer Discretionary-(continued)
Taylor Morrison Home Corp., Class A^(b)		11,816	$	360,742
Tempur Sealy International, Inc.		6,635		295,058
Texas Roadhouse, Inc.		3,409		302,753
Thor Industries, Inc.^(c)		2,782		283,653
Toll Brothers, Inc.		5,114		307,709
TopBuild Corp.^(b)		1,391		357,445
Travel + Leisure Co.		5,694		309,412
Tri Pointe Homes, Inc.^(b)		14,273		345,264
Urban Outfitters, Inc.^(b)		10,024		320,066
Victoria’s Secret & Co.^(b)		5,081		256,438
Visteon Corp.^(b)		3,169		358,667
Wendy’s Co. (The)		13,986		311,888
Williams-Sonoma, Inc.		1,748		324,656
Wingstop, Inc.^(c)		1,704		293,889
Wyndham Hotels & Resorts, Inc.		4,386		370,485
YETI Holdings, Inc.^(b)		3,141		308,854

				19,163,548

Consumer Staples-4.37%
BJ’s Wholesale Club Holdings, Inc.^(b)(c)		5,379		314,349
Boston Beer Co., Inc. (The), Class A^(b)(c)		576		283,669
Casey’s General Stores, Inc.		1,646		315,275
Coty, Inc., Class A^(b)		38,071		322,842
Darling Ingredients, Inc.^(b)		4,437		375,015
Energizer Holdings, Inc.		8,205		299,236
Flowers Foods, Inc.		13,303		329,249
Grocery Outlet Holding Corp.^(b)(c)		12,528		277,996
Hain Celestial Group, Inc. (The)^(b)		8,242		369,819
Ingredion, Inc.		3,633		345,971
Lancaster Colony Corp.		1,811		307,870
Nu Skin Enterprises, Inc., Class A		6,615		265,592
Performance Food Group Co.^(b)		7,089		320,635
Pilgrim’s Pride Corp.^(b)		11,170		314,547
Post Holdings, Inc.^(b)		2,925		296,829
Sanderson Farms, Inc.		1,674		317,139
Sprouts Farmers Market, Inc.^(b)(c)		13,534		299,643
Tootsie Roll Industries, Inc.		10,321		326,660

				5,682,336

Energy-2.78%
Antero Midstream Corp.		31,176		331,713
ChampionX Corp.^(b)		14,106		370,000
CNX Resources Corp.^(b)(c)		26,598		388,597
DT Midstream, Inc.		6,715		322,051
EQT Corp.^(b)		16,150		321,546
Equitrans Midstream Corp.		34,696		357,716
HollyFrontier Corp.		10,611		358,652
Murphy Oil Corp.		15,581		433,619
NOV, Inc.^(b)		23,934		335,555
Targa Resources Corp.		7,204		393,843

				3,613,292

Financials-16.18%
Affiliated Managers Group, Inc.		1,949		327,198
Alleghany Corp.^(b)		498		324,387
American Financial Group, Inc.		2,379		323,639
Associated Banc-Corp.		15,137		337,252
Bank of Hawaii Corp.		3,995		337,578
Bank OZK		7,652		341,815

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



		34
		34

Invesco S&P MidCap 400^® Equal Weight ETF (EWMC)—(continued)

October 31, 2021

(Unaudited)


	Shares		Value
Financials-(continued)
Brighthouse Financial, Inc.^(b)		6,848	$	343,975
Cadence Bank		10,724		311,211
Cathay General Bancorp		7,791		328,702
CIT Group, Inc.		5,906		292,524
CNO Financial Group, Inc.		13,446		324,586
Commerce Bancshares, Inc.		4,610		325,051
Cullen/Frost Bankers, Inc.		2,824		365,708
East West Bancorp, Inc.		4,363		346,771
Essent Group Ltd.		6,949		333,552
Evercore, Inc., Class A		2,254		342,247
F.N.B. Corp.		28,457		331,524
FactSet Research Systems, Inc.		819		363,546
Federated Hermes, Inc., Class B		9,925		330,602
First American Financial Corp.		4,646		339,808
First Financial Bankshares, Inc.		7,173		363,815
First Horizon Corp.		20,559		348,886
FirstCash, Inc.		3,576		316,369
Fulton Financial Corp.		20,642		332,336
Glacier Bancorp, Inc.		6,200		342,798
Hancock Whitney Corp.		7,230		357,740
Hanover Insurance Group, Inc. (The)		2,322		292,572
Home BancShares, Inc.		14,864		353,169
Interactive Brokers Group, Inc., Class A		4,989		353,471
International Bancshares Corp.		7,738		328,091
Janus Henderson Group PLC		7,411		344,612
Jefferies Financial Group, Inc.		8,556		367,908
Kemper Corp.		4,834		306,862
Kinsale Capital Group, Inc.		1,894		354,462
Mercury General Corp.		5,404		294,464
MGIC Investment Corp.		20,792		335,999
Navient Corp.		13,595		267,822
New York Community Bancorp, Inc.		25,370		315,349
Old Republic International Corp.		12,583		325,019
PacWest Bancorp		7,502		356,120
Pinnacle Financial Partners, Inc.		3,299		318,584
Primerica, Inc.		2,131		358,520
PROG Holdings, Inc.		6,855		277,285
Prosperity Bancshares, Inc.		4,690		353,204
Reinsurance Group of America, Inc.		2,727		322,004
RenaissanceRe Holdings Ltd. (Bermuda)		2,128		301,750
RLI Corp.		3,015		326,555
SEI Investments Co.		5,275		332,536
Selective Insurance Group, Inc.		3,899		305,565
Signature Bank		1,195		355,895
SLM Corp.		17,485		320,850
Sterling Bancorp		14,082		358,387
Stifel Financial Corp.		4,692		341,906
Synovus Financial Corp.		7,783		362,610
Texas Capital Bancshares, Inc.^(b)		5,536		335,482
UMB Financial Corp.		3,537		349,526
Umpqua Holdings Corp.		16,396		335,298
United Bankshares, Inc.		9,362		346,300
Unum Group		12,149		309,435
Valley National Bancorp		25,767		341,670
Washington Federal, Inc.		9,601		339,491
Webster Financial Corp.		6,448		360,830
Wintrust Financial Corp.		4,239		375,152

				21,058,375


	Shares		Value
Health Care-8.97%
Acadia Healthcare Co., Inc.^(b)		4,845	$	300,390
Amedisys, Inc.^(b)		1,739		294,482
Arrowhead Pharmaceuticals, Inc.^(b)		4,895		312,399
Chemed Corp.		659		317,803
Emergent BioSolutions, Inc.^(b)		5,489		261,661
Encompass Health Corp.		3,967		252,143
Envista Holdings Corp.^(b)		7,280		284,648
Exelixis, Inc.^(b)		15,698		337,664
Globus Medical, Inc., Class A^(b)		3,847		296,873
Haemonetics Corp.^(b)		4,645		319,158
Halozyme Therapeutics, Inc.^(b)		7,597		289,218
HealthEquity, Inc.^(b)		4,913		325,142
Hill-Rom Holdings, Inc.		2,077		321,727
ICU Medical, Inc.^(b)		1,283		300,389
Integra LifeSciences Holdings Corp.^(b)(c)		4,460		296,412
Jazz Pharmaceuticals PLC^(b)		2,328		309,717
LHC Group, Inc.^(b)		1,780		239,570
LivaNova PLC^(b)		3,780		290,002
Masimo Corp.^(b)		1,140		323,236
Medpace Holdings, Inc.^(b)		1,635		370,409
Molina Healthcare, Inc.^(b)		1,252		370,241
Nektar Therapeutics^(b)(c)		19,643		297,788
Neogen Corp.^(b)		7,378		312,163
Neurocrine Biosciences, Inc.^(b)		3,237		341,212
NuVasive, Inc.^(b)(c)		5,429		289,691
Option Care Health, Inc.^(b)		12,054		329,436
Patterson Cos., Inc.		9,732		304,222
Penumbra, Inc.^(b)(c)		1,109		306,694
Perrigo Co. PLC^(c)		7,172		323,816
Progyny, Inc.^(b)(c)		5,373		330,063
Quidel Corp.^(b)(c)		2,096		278,286
R1 RCM, Inc.^(b)		15,550		337,435
Repligen Corp.^(b)		1,066		309,673
STAAR Surgical Co.^(b)		2,127		251,964
Syneos Health, Inc.^(b)		3,322		310,075
Tandem Diabetes Care, Inc.^(b)		2,556		348,460
Tenet Healthcare Corp.^(b)		4,308		308,711
United Therapeutics Corp.^(b)		1,492		284,614

				11,677,587

Industrials-17.35%
Acuity Brands, Inc.		1,810		371,828
AECOM^(b)		4,798		328,039
AGCO Corp.		2,446		298,926
ASGN, Inc.^(b)		2,795		334,450
Avis Budget Group, Inc.^(b)(c)		3,616		626,689
Axon Enterprise, Inc.^(b)		1,744		313,850
Brink’s Co. (The)		4,267		293,911
Builders FirstSource, Inc.^(b)		5,858		341,346
CACI International, Inc., Class A^(b)		1,225		352,359
Carlisle Cos., Inc.		1,573		350,653
Clean Harbors, Inc.^(b)		3,111		350,112
Colfax Corp.^(b)		6,767		349,312
Crane Co.		3,337		344,645
Curtiss-Wright Corp.		2,763		352,780
Donaldson Co., Inc.		5,250		315,052
Dycom Industries, Inc.^(b)		4,507		357,946
EMCOR Group, Inc.		2,679		325,472
EnerSys		3,922		313,917
Flowserve Corp.		8,732		293,570

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



		35
		35

Invesco S&P MidCap 400^® Equal Weight ETF (EWMC)—(continued)

October 31, 2021

(Unaudited)


	Shares		Value
Industrials-(continued)
Fluor Corp.^(b)(c)		19,831	$	385,515
FTI Consulting, Inc.^(b)(c)		2,323		334,326
GATX Corp.^(c)		3,546		336,338
Graco, Inc.		4,068		305,832
GXO Logistics, Inc.^(b)		3,787		336,286
Hexcel Corp.^(b)(c)		5,635		319,730
Hubbell, Inc.		1,631		325,172
IAA, Inc.^(b)		5,959		355,454
Insperity, Inc.		2,981		372,625
ITT, Inc.		3,492		328,492
JetBlue Airways Corp.^(b)		21,344		299,456
KAR Auction Services, Inc.^(b)		19,831		290,921
KBR, Inc.		7,983		338,798
Kennametal, Inc.		8,684		345,189
Kirby Corp.^(b)		6,094		319,387
Knight-Swift Transportation Holdings, Inc.		6,047		342,804
Landstar System, Inc.		1,939		340,896
Lennox International, Inc.		974		291,499
Lincoln Electric Holdings, Inc.		2,350		334,640
ManpowerGroup, Inc.		2,652		256,316
MasTec, Inc.^(b)		3,529		314,540
Mercury Systems, Inc.^(b)		6,691		344,854
Middleby Corp. (The)^(b)		1,798		328,027
MillerKnoll, Inc.^(c)		7,828		304,666
MSA Safety, Inc.		2,014		308,202
MSC Industrial Direct Co., Inc., Class A		3,912		328,882
Nordson Corp.		1,300		330,473
nVent Electric PLC		9,487		336,314
Oshkosh Corp.		2,903		310,621
Owens Corning		3,344		312,363
Regal Rexnord Corp.		2,092		318,674
Ryder System, Inc.		4,017		341,244
Saia, Inc.^(b)		1,299		406,119
Science Applications International Corp.		3,719		333,892
Simpson Manufacturing Co., Inc.		2,896		307,237
Stericycle, Inc.^(b)		4,418		295,653
Sunrun, Inc.^(b)(c)		7,010		404,337
Terex Corp.		6,776		303,565
Tetra Tech, Inc.		2,123		372,926
Timken Co. (The)		4,449		315,657
Toro Co. (The)		2,922		278,963
Trex Co., Inc.^(b)		2,794		297,282
Trinity Industries, Inc.		11,017		309,027
Univar Solutions, Inc.^(b)		13,920		356,074
Valmont Industries, Inc.		1,289		308,019
Watsco, Inc.		1,120		324,330
Werner Enterprises, Inc.		6,649		301,333
Woodward, Inc.		2,593		292,879
XPO Logistics, Inc.^(b)		3,723		319,433

				22,580,119

Information Technology-13.75%
ACI Worldwide, Inc.^(b)		9,776		299,928
Alliance Data Systems Corp.		3,366		286,951
Amkor Technology, Inc.		11,283		247,323
Arrow Electronics, Inc.^(b)		2,732		316,229
Aspen Technology, Inc.^(b)		2,477		388,121
Avnet, Inc.		8,085		308,119
Belden, Inc.		5,440		327,542
Blackbaud, Inc.^(b)		4,669		331,546


	Shares		Value
Information Technology-(continued)
Brooks Automation, Inc.		3,410	$	397,094
CDK Global, Inc.		7,386		321,439
Cerence, Inc.^(b)(c)		3,132		329,267
Ciena Corp.^(b)		5,812		315,533
Cirrus Logic, Inc.^(b)		3,618		292,371
CMC Materials, Inc.		2,396		307,575
Cognex Corp.		3,586		314,098
Coherent, Inc.^(b)		1,242		315,965
CommVault Systems, Inc.^(b)		4,011		246,677
Concentrix Corp.		1,817		322,845
Digital Turbine, Inc.^(b)(c)		5,063		435,722
Envestnet, Inc.^(b)		4,121		344,103
Fair Isaac Corp.^(b)		701		279,138
First Solar, Inc.^(b)		3,152		376,948
Genpact Ltd.		6,269		309,375
II-VI Incorporated^(b)(c)		5,101		308,662
Jabil, Inc.		4,978		298,481
Lattice Semiconductor Corp.^(b)		4,990		346,506
Littelfuse, Inc.		1,147		337,849
LiveRamp Holdings, Inc.^(b)		6,229		333,314
Lumentum Holdings, Inc.^(b)		3,650		301,417
Manhattan Associates, Inc.^(b)		1,930		350,372
Maximus, Inc.		3,773		319,083
Mimecast Ltd.^(b)		4,598		346,873
MKS Instruments, Inc.		2,110		316,605
National Instruments Corp.		7,420		315,127
NCR Corp.^(b)		7,927		313,434
NetScout Systems, Inc.^(b)		11,675		315,925
Paylocity Holding Corp.^(b)		1,182		360,675
Qualys, Inc.^(b)(c)		2,729		339,706
Sabre Corp.^(b)(c)		28,851		299,473
SailPoint Technologies Holding, Inc.^(b)(c)		6,881		330,150
Semtech Corp.^(b)		4,228		359,507
Silicon Laboratories, Inc.^(b)		2,174		410,364
SolarEdge Technologies, Inc.^(b)		1,164		412,848
SunPower Corp.^(b)(c)		16,943		570,301
Synaptics, Inc.^(b)		1,722		335,050
SYNNEX Corp.		2,646		277,830
Teradata Corp.^(b)(c)		6,129		346,656
Universal Display Corp.		1,563		286,342
ViaSat, Inc.^(b)		6,449		384,941
Vishay Intertechnology, Inc.		15,035		288,973
Vontier Corp.		8,640		292,291
WEX, Inc.^(b)		1,833		274,400
Wolfspeed, Inc.^(b)(c)		3,617		434,438
Xerox Holdings Corp.		15,091		268,620

				17,890,122

Materials-6.34%
AptarGroup, Inc.		2,490		300,742
Ashland Global Holdings, Inc.		3,386		325,090
Avient Corp.		6,627		357,063
Cabot Corp.		6,192		330,343
Chemours Co. (The)		10,056		281,769
Cleveland-Cliffs, Inc.^(b)(c)		13,423		323,629
Commercial Metals Co.		10,122		325,726
Compass Minerals International, Inc.		4,715		309,304
Eagle Materials, Inc.		2,154		319,567
Greif, Inc., Class A		4,797		310,270
Ingevity Corp.^(b)		4,255		331,507

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



		36
		36

Invesco S&P MidCap 400^® Equal Weight ETF (EWMC)—(continued)

October 31, 2021

(Unaudited)


	Shares		Value
Materials-(continued)
Louisiana-Pacific Corp.		4,976	$	293,236
Minerals Technologies, Inc.		4,174		296,104
NewMarket Corp.		945		321,309
Olin Corp.		6,509		370,883
Reliance Steel & Aluminum Co.		2,108		308,105
Royal Gold, Inc.		2,884		285,574
RPM International, Inc.		3,921		341,911
Scotts Miracle-Gro Co. (The)		2,067		306,867
Sensient Technologies Corp.		3,439		328,768
Silgan Holdings, Inc.		7,608		305,842
Sonoco Products Co.		4,983		288,765
Steel Dynamics, Inc.		4,763		314,739
United States Steel Corp.^(c)		12,089		319,029
Valvoline, Inc.		10,068		341,909
Worthington Industries, Inc.		5,882		319,510

				8,257,561

Real Estate-9.45%
American Campus Communities, Inc.		6,283		337,523
Apartment Income REIT Corp.		6,202		332,489
Brixmor Property Group, Inc.		13,913		326,121
Camden Property Trust		2,092		341,205
CoreSite Realty Corp.		2,119		301,873
Corporate Office Properties Trust		11,642		315,731
Cousins Properties, Inc.		8,465		335,299
CyrusOne, Inc.		4,067		333,575
Douglas Emmett, Inc.		9,650		315,362
EastGroup Properties, Inc.		1,798		355,609
EPR Properties		6,562		329,478
First Industrial Realty Trust, Inc.		5,835		339,772
Healthcare Realty Trust, Inc.		10,354		342,303
Highwoods Properties, Inc.		7,266		325,808
Hudson Pacific Properties, Inc.		12,014		309,361
JBG SMITH Properties		10,674		308,052
Jones Lang LaSalle, Inc.^(b)		1,332		343,962
Kilroy Realty Corp.		4,926		331,914
Kite Realty Group Trust		13,793		279,998
Lamar Advertising Co., Class A		2,861		323,865
Life Storage, Inc.		2,493		333,588
Macerich Co. (The)^(c)		18,549		335,551
Medical Properties Trust, Inc.		14,878		317,348
National Retail Properties, Inc.		6,924		314,073
National Storage Affiliates Trust		5,418		338,408
Omega Healthcare Investors, Inc.		9,467		277,951
Park Hotels & Resorts, Inc.^(b)		17,057		316,066
Pebblebrook Hotel Trust^(c)		14,871		334,003
Physicians Realty Trust		17,158		326,174
PotlatchDeltic Corp.		6,053		316,390
PS Business Parks, Inc.		2,042		362,863
Rayonier, Inc.		8,567		319,806
Rexford Industrial Realty, Inc.		5,206		349,843
Sabra Health Care REIT, Inc.		19,152		271,001

Investment Abbreviations:

REIT -Real Estate Investment Trust


	Shares		Value
Real Estate-(continued)
SL Green Realty Corp.		4,661	$	326,596
Spirit Realty Capital, Inc.		6,336		310,021
STORE Capital Corp.		9,195		315,664
Urban Edge Properties		17,691		310,123

				12,304,769

Utilities-3.58%
ALLETE, Inc.		4,895		301,238
Black Hills Corp.		4,652		308,800
Essential Utilities, Inc.		6,459		304,025
Hawaiian Electric Industries, Inc.		7,538		305,741
IDACORP, Inc.		2,980		310,873
MDU Resources Group, Inc.		10,157		312,125
National Fuel Gas Co.		6,041		346,935
New Jersey Resources Corp.		8,602		325,242
NorthWestern Corp.		4,995		284,016
OGE Energy Corp.		8,930		304,245
ONE Gas, Inc.		4,574		307,830
PNM Resources, Inc.		6,311		313,972
Southwest Gas Holdings, Inc.		4,561		315,849
Spire, Inc.		4,942		310,160
UGI Corp.		6,990		303,436

				4,654,487

Total Common Stocks & Other Equity Interests (Cost $110,018,320)				130,084,091


Money Market Funds-0.04%
Invesco Government & Agency Portfolio, Institutional Class, 0.03%^(d)(e)(Cost $60,472)		60,472		60,472

TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-99.99% (Cost $110,078,792)				130,144,563


Investments Purchased with Cash Collateral from Securities on Loan

Money Market Funds-9.74%
Invesco Private Government Fund, 0.02%^(d)(e)(f)		3,599,129		3,599,129
Invesco Private Prime Fund, 0.11%^(d)(e)(f)		9,072,064		9,075,692

Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $12,674,821)				12,674,821

TOTAL INVESTMENTS IN SECURITIES-109.73% (Cost $122,753,613)				142,819,384
OTHER ASSETS LESS LIABILITIES-(9.73)%				(12,669,653	)

NET ASSETS-100.00%			$	130,149,731

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



		37
		37

Invesco S&P MidCap 400^® Equal Weight ETF (EWMC)—(continued)

October 31, 2021

(Unaudited)

Notes to Schedule of Investments:

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

^(b)	Non-income producing security.

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

^(d)


	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		$	50,708		$	1,961,175		$	(1,951,411	)		$	-		$	-		$	60,472		$	12

Investments Purchased with Cash Collateral from Securities on Loan:
Invesco Private Government Fund			3,270,908			11,159,512			(10,831,291	)			-			-			3,599,129			271	*

Invesco Private Prime Fund			5,042,491			22,685,230			(18,652,029	)			-			-			9,075,692			3,957	*

Total		$	8,364,107		$	35,805,917		$	(31,434,731	)		$	-		$	-		$	12,735,293		$	4,240

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

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

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

Portfolio Composition

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

as of October 31, 2021



Industrials			17.35

Financials			16.18

Consumer Discretionary			14.72

Information Technology			13.75

Real Estate			9.45

Health Care			8.97

Materials			6.34

Consumer Staples			4.37

Utilities			3.58

Sector Types Each Less Than 3%			5.24

Money Market Funds Plus Other Assets Less Liabilities			0.05

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



		38
		38

Invesco S&P SmallCap 600^® Equal Weight ETF (EWSC)

October 31, 2021

(Unaudited)

Schedule of Investments^(a)


	Shares		Value
Common Stocks & Other Equity Interests-99.88%
Communication Services-2.15%
AMC Networks, Inc., Class A^(b)(c)		2,589	$	103,016
ATN International, Inc.		2,551		104,030
Cinemark Holdings, Inc.^(b)(c)		7,052		132,578
Cogent Communications Holdings, Inc.		1,647		126,144
Consolidated Communications Holdings, Inc.^(b)		13,146		97,280
E.W. Scripps Co. (The), Class A		7,292		135,631
Gannett Co., Inc.^(b)		19,211		111,424
Marcus Corp. (The)^(b)(c)		8,040		149,303
Meredith Corp.^(b)		2,937		171,051
QuinStreet, Inc.^(b)		6,381		89,334
Scholastic Corp.		3,622		131,080
Shenandoah Telecommunications Co.		4,046		111,832
TechTarget, Inc.^(b)		1,398		131,845

				1,594,548

Consumer Discretionary-13.61%
Aaron’s Co., Inc. (The)		4,526		105,863
Abercrombie & Fitch Co., Class A^(b)		3,357		132,736
Adtalem Global Education, Inc.^(b)		3,169		117,031
American Axle & Manufacturing Holdings, Inc.^(b)		14,642		132,949
American Public Education, Inc.^(b)		4,527		113,130
America’s Car-Mart, Inc.^(b)		994		118,773
Asbury Automotive Group, Inc.^(b)		693		135,627
Barnes & Noble Education, Inc.^(b)		11,933		123,865
Bed Bath & Beyond, Inc.^(b)(c)		4,855		68,164
Big Lots, Inc.^(c)		2,582		114,254
BJ’s Restaurants, Inc.^(b)(c)		3,092		103,025
Bloomin’ Brands, Inc.^(b)		4,764		102,998
Boot Barn Holdings, Inc.^(b)		1,423		148,689
Brinker International, Inc.^(b)		2,315		97,137
Buckle, Inc. (The)		3,047		126,816
Caleres, Inc.		5,244		120,927
Cato Corp. (The), Class A		7,408		130,603
Cavco Industries, Inc.^(b)		472		113,459
Century Communities, Inc.		1,745		117,020
Cheesecake Factory, Inc. (The)^(b)(c)		2,673		108,631
Chico’s FAS, Inc.^(b)		25,697		140,306
Children’s Place, Inc. (The)^(b)(c)		1,481		122,760
Chuy’s Holdings, Inc.^(b)		3,898		113,666
Conn’s, Inc.^(b)		5,157		114,846
Cooper-Standard Holdings, Inc.^(b)		5,455		141,503
Dave & Buster’s Entertainment, Inc.^(b)		3,313		123,012
Designer Brands, Inc., Class A^(b)(c)		9,589		129,739
Dine Brands Global, Inc.^(b)		1,506		127,272
Dorman Products, Inc.^(b)		1,289		134,546
El Pollo Loco Holdings, Inc.^(b)		6,757		99,328
Ethan Allen Interiors, Inc.		4,989		115,795
Fiesta Restaurant Group, Inc.^(b)		10,458		110,227
Fossil Group, Inc.^(b)		9,630		113,827
Genesco, Inc.^(b)		2,016		122,149
Gentherm, Inc.^(b)		1,466		107,942
G-III Apparel Group Ltd.^(b)		4,052		116,130
Group 1 Automotive, Inc.		744		133,771
Guess?, Inc.		5,397		111,772
Haverty Furniture Cos., Inc., (Acquired 01/26/2016 - 09/17/2021; Cost $87,145)^(d)		3,379		96,977


	Shares		Value
Consumer Discretionary-(continued)
Hibbett, Inc.^(c)		1,468	$	113,682
Installed Building Products, Inc.		975		123,874
iRobot Corp.^(b)(c)		1,423		118,707
Kontoor Brands, Inc.		2,219		117,607
La-Z-Boy, Inc.		3,541		117,703
LCI Industries		911		127,212
LGI Homes, Inc.^(b)		774		115,558
Liquidity Services, Inc.^(b)		4,898		108,148
Lumber Liquidators Holdings, Inc.^(b)		6,129		110,812
M.D.C. Holdings, Inc.		2,342		114,711
M/I Homes, Inc.^(b)		1,918		109,825
Macy’s, Inc.		5,750		152,203
MarineMax, Inc.^(b)		2,480		128,439
Meritage Homes Corp.^(b)		1,131		122,951
Monarch Casino & Resort, Inc.^(b)		1,893		136,712
Monro, Inc.		2,180		134,637
Motorcar Parts of America, Inc.^(b)		6,529		123,529
Movado Group, Inc.		3,724		124,009
ODP Corp. (The)^(b)		2,781		120,417
Oxford Industries, Inc.		1,334		123,689
Patrick Industries, Inc.		1,496		116,553
Perdoceo Education Corp.^(b)		11,234		119,305
PetMed Express, Inc.^(c)		4,187		119,036
Red Robin Gourmet Burgers, Inc.^(b)		5,113		101,595
Rent-A-Center, Inc.		1,983		105,615
Ruth’s Hospitality Group, Inc.^(b)		5,986		115,769
Sally Beauty Holdings, Inc.^(b)		7,273		110,986
Shake Shack, Inc., Class A^(b)		1,446		100,020
Shoe Carnival, Inc.		3,428		116,106
Shutterstock, Inc.		1,071		129,752
Signet Jewelers Ltd.		1,546		137,872
Sleep Number Corp.^(b)(c)		1,296		114,489
Sonic Automotive, Inc., Class A		2,374		117,347
Standard Motor Products, Inc.		2,805		134,360
Steven Madden Ltd.		3,000		135,300
Strategic Education, Inc.		1,572		107,226
Sturm Ruger & Co., Inc.		1,590		125,419
Tupperware Brands Corp.^(b)(c)		5,117		113,802
Unifi, Inc.^(b)		5,738		137,827
Universal Electronics, Inc.^(b)		2,369		97,555
Vera Bradley, Inc.^(b)		11,319		111,039
Vista Outdoor, Inc.^(b)		2,866		119,913
Winnebago Industries, Inc.^(c)		1,680		113,719
Wolverine World Wide, Inc.		3,504		116,228
WW International, Inc.^(b)(c)		5,498		95,445
Zumiez, Inc.^(b)(c)		3,144		127,961

				10,091,929

Consumer Staples-4.49%
Andersons, Inc. (The)		4,017		136,819
B&G Foods, Inc.^(c)		3,959		116,553
Calavo Growers, Inc.		3,047		122,489
Cal-Maine Foods, Inc.		3,367		121,414
Celsius Holdings, Inc.^(b)		1,297		125,186
Central Garden & Pet Co.^(b)		577		29,762
Central Garden & Pet Co., Class A^(b)		2,360		109,032
Chefs’ Warehouse, Inc. (The)^(b)		4,328		150,917
Coca-Cola Consolidated, Inc.		302		121,223

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



		39
		39

Invesco S&P SmallCap 600^® Equal Weight ETF (EWSC)—(continued)

October 31, 2021

(Unaudited)


	Shares		Value
Consumer Staples-(continued)
Edgewell Personal Care Co.		3,108	$	108,749
elf Beauty, Inc.^(b)		3,921		126,688
Fresh Del Monte Produce, Inc.		3,917		131,180
Inter Parfums, Inc.		1,677		154,921
J&J Snack Foods Corp.		741		109,335
John B. Sanfilippo & Son, Inc.		1,419		119,905
Medifast, Inc.		507		99,509
MGP Ingredients, Inc.^(c)		1,856		119,174
National Beverage Corp.		2,262		127,577
PriceSmart, Inc.		1,401		100,802
Seneca Foods Corp., Class A^(b)		2,441		126,029
Simply Good Foods Co. (The)^(b)		3,375		133,819
SpartanNash Co.		5,651		130,764
TreeHouse Foods, Inc.^(b)(c)		3,051		110,263
United Natural Foods, Inc.^(b)		3,251		141,061
Universal Corp.		2,422		113,834
USANA Health Sciences, Inc.^(b)		1,211		117,540
Vector Group Ltd.		8,267		109,620
WD-40 Co.^(c)		511		115,997

				3,330,162

Energy-6.11%
Archrock, Inc.		16,133		132,129
Bonanza Creek Energy, Inc.^(c)		2,709		152,083
Bristow Group, Inc.^(b)		3,475		120,235
Callon Petroleum Co.^(b)(c)		3,593		185,866
CONSOL Energy, Inc.^(b)		4,282		117,798
Core Laboratories N.V.		4,267		110,985
DMC Global, Inc.^(b)(c)		2,967		123,961
Dorian LPG Ltd.		9,446		114,485
Dril-Quip, Inc.^(b)		5,053		119,049
Green Plains, Inc.^(b)		3,342		126,829
Helix Energy Solutions Group, Inc.^(b)		33,443		126,415
Helmerich & Payne, Inc.		4,420		137,197
Laredo Petroleum, Inc.^(b)(c)		1,904		143,562
Matador Resources Co.		4,144		173,426
Nabors Industries Ltd.^(b)(c)		1,394		142,885
Oceaneering International, Inc.^(b)		9,570		130,152
Oil States International, Inc.^(b)		21,237		128,696
Par Pacific Holdings, Inc.^(b)		7,932		122,629
Patterson-UTI Energy, Inc.		15,263		130,651
PBF Energy, Inc., Class A^(b)		12,408		181,281
PDC Energy, Inc.		2,833		148,194
ProPetro Holding Corp.^(b)		16,000		153,440
Range Resources Corp.^(b)(c)		6,855		159,859
Ranger Oil Corp.^(b)		5,872		194,011
Renewable Energy Group, Inc.^(b)(c)		2,626		168,064
REX American Resources Corp.^(b)		1,472		129,462
RPC, Inc.^(b)(c)		30,598		164,923
SM Energy Co.		5,989		205,542
Southwestern Energy Co.^(b)		23,649		115,407
Talos Energy, Inc.^(b)		9,513		123,384
US Silica Holdings, Inc.^(b)		14,284		138,269
World Fuel Services Corp.		3,632		110,885

				4,531,754

Financials-19.67%
Allegiance Bancshares, Inc.		3,372		132,081
Ambac Financial Group, Inc.^(b)		8,793		148,690
American Equity Investment Life Holding Co.		3,963		126,301
Ameris Bancorp		2,549		133,542


	Shares		Value
Financials-(continued)
AMERISAFE, Inc.		2,107	$	124,924
Apollo Commercial Real Estate Finance, Inc.		8,017		121,377
ARMOUR Residential REIT, Inc.		10,905		114,721
Assured Guaranty Ltd.		2,535		140,895
Axos Financial, Inc.^(b)		2,604		138,012
B. Riley Financial, Inc.		1,942		139,164
Banc of California, Inc.		6,880		139,870
BancFirst Corp.		2,198		142,892
Bancorp, Inc. (The)^(b)		5,005		152,903
BankUnited, Inc.		2,934		119,003
Banner Corp.		2,290		132,270
Berkshire Hills Bancorp, Inc.		4,911		133,334
Blucora, Inc.^(b)		7,572		125,089
Brightsphere Investment Group, Inc.		4,455		133,561
Brookline Bancorp, Inc.		8,298		133,183
Capitol Federal Financial, Inc.		10,784		130,810
Central Pacific Financial Corp.		5,062		139,154
City Holding Co.		1,603		127,567
Columbia Banking System, Inc.^(c)		3,525		120,308
Community Bank System, Inc.		1,749		125,351
Customers Bancorp, Inc.^(b)		3,150		167,863
CVB Financial Corp.		6,156		123,243
Dime Community Bancshares, Inc.		3,653		130,339
Donnelley Financial Solutions, Inc.^(b)		3,430		131,438
Eagle Bancorp, Inc.		2,184		123,593
eHealth, Inc.^(b)(c)		3,152		139,791
Ellington Financial, Inc.		6,476		117,734
Employers Holdings, Inc.		2,964		114,410
Encore Capital Group, Inc.^(b)(c)		2,503		135,212
Enova International, Inc.^(b)		3,708		120,288
EZCORP, Inc., Class A^(b)(c)		17,851		133,168
FB Financial Corp.		2,921		132,409
First Bancorp		9,614		131,231
First Bancorp/Southern Pines NC		2,970		143,807
First Commonwealth Financial Corp.		9,349		143,040
First Financial Bancorp		5,331		126,771
First Hawaiian, Inc.		4,461		123,079
First Midwest Bancorp, Inc.		6,616		127,358
Flagstar Bancorp, Inc.		2,437		115,002
Franklin BSP Realty Trust, Inc.		5,673		93,094
Genworth Financial, Inc., Class A^(b)		34,614		142,264
Granite Point Mortgage Trust, Inc.		9,031		121,015
Great Western Bancorp, Inc.		4,220		143,691
Green Dot Corp., Class A^(b)		2,359		99,927
Greenhill & Co., Inc.		8,482		133,337
Hanmi Financial Corp.		6,581		146,032
HCI Group, Inc.^(c)		1,076		144,195
Heritage Financial Corp.		4,960		123,206
Hilltop Holdings, Inc.		3,674		130,207
HomeStreet, Inc.		3,149		148,507
Hope Bancorp, Inc.		8,914		130,055
Horace Mann Educators Corp.		2,976		116,600
Independent Bank Corp.^(c)		1,673		141,369
Independent Bank Group, Inc.		1,810		130,845
Invesco Mortgage Capital, Inc.^(c)(e)		39,312		123,440
Investors Bancorp, Inc.		8,509		130,188
James River Group Holdings Ltd.		3,454		110,355
KKR Real Estate Finance Trust, Inc.		5,654		122,748
Lakeland Financial Corp.^(c)		1,806		129,797
LendingTree, Inc.^(b)(c)		847		136,697

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



		40
		40

Invesco S&P SmallCap 600^® Equal Weight ETF (EWSC)—(continued)

October 31, 2021

(Unaudited)


	Shares		Value
Financials-(continued)
Meta Financial Group, Inc.		2,324	$	128,843
Mr. Cooper Group, Inc.^(b)		2,879		126,215
National Bank Holdings Corp., Class A		3,305		143,338
NBT Bancorp, Inc.		3,508		128,709
New York Mortgage Trust, Inc.		27,935		122,635
NMI Holdings, Inc., Class A^(b)		5,461		132,593
Northfield Bancorp, Inc.		7,251		127,255
Northwest Bancshares, Inc.		9,398		129,692
OFG Bancorp		5,208		134,887
Old National Bancorp		7,423		126,785
Pacific Premier Bancorp, Inc.		3,152		132,352
Palomar Holdings, Inc.^(b)		1,328		121,446
Park National Corp.^(c)		1,056		135,791
PennyMac Mortgage Investment Trust		6,094		122,794
Piper Sandler Cos.		878		144,598
PRA Group, Inc.^(b)		2,896		124,180
Preferred Bank		1,951		133,780
ProAssurance Corp.		4,937		113,107
Provident Financial Services, Inc.		5,394		133,555
Ready Capital Corp.		7,937		122,785
Redwood Trust, Inc.		9,683		131,301
Renasant Corp.		3,571		133,591
S&T Bancorp, Inc.		4,266		130,369
Safety Insurance Group, Inc.		1,500		117,615
Seacoast Banking Corp. of Florida		3,934		143,316
Selectquote, Inc.^(b)(c)		9,123		121,245
ServisFirst Bancshares, Inc.		1,645		132,110
Simmons First National Corp., Class A		4,321		129,155
SiriusPoint Ltd. (Bermuda)^(b)		13,398		125,941
Southside Bancshares, Inc.		3,208		132,555
Stewart Information Services Corp.		1,923		136,860
StoneX Group, Inc.^(b)		1,798		124,260
Tompkins Financial Corp.		1,568		128,748
Triumph Bancorp, Inc.^(b)		1,446		169,616
Trupanion, Inc.^(b)(c)		1,326		135,782
TrustCo Bank Corp.		3,762		126,253
Trustmark Corp.^(c)		3,959		125,936
Two Harbors Investment Corp.^(c)		18,610		119,476
United Community Banks, Inc.		4,143		144,342
United Fire Group, Inc.		5,249		107,237
Universal Insurance Holdings, Inc.		8,828		130,390
Veritex Holdings, Inc.		3,342		136,855
Virtus Investment Partners, Inc.		381		121,920
Walker & Dunlop, Inc.		1,069		139,045
Westamerica Bancorporation		2,180		121,557
WisdomTree Investments, Inc.^(c)		19,691		125,825
World Acceptance Corp.^(b)(c)		604		111,976
WSFS Financial Corp.		2,731		141,493

				14,582,456

Health Care-12.73%
Addus HomeCare Corp.^(b)		1,375		128,562
Allscripts Healthcare Solutions, Inc.^(b)		8,298		114,346
AMN Healthcare Services, Inc.^(b)		1,042		102,845
Amphastar Pharmaceuticals, Inc.^(b)		6,658		124,371
AngioDynamics, Inc.^(b)		4,382		125,325
ANI Pharmaceuticals, Inc.^(b)		4,324		161,631
Anika Therapeutics, Inc.^(b)		2,996		124,783
Apollo Medical Holdings, Inc.^(b)(c)		1,252		85,925
Avanos Medical, Inc.^(b)		3,776		119,095


	Shares		Value
Health Care-(continued)
Avid Bioservices, Inc.^(b)		3,635	$	111,522
BioLife Solutions, Inc.^(b)		2,297		122,086
Cara Therapeutics, Inc.^(b)		7,777		130,887
Cardiovascular Systems, Inc.^(b)		3,367		118,114
Coherus Biosciences, Inc.^(b)(c)		7,713		129,038
Collegium Pharmaceutical, Inc.^(b)(c)		6,025		118,271
Community Health Systems, Inc.^(b)		10,487		137,380
Computer Programs & Systems, Inc.^(b)		3,264		117,830
CONMED Corp.		965		141,160
Corcept Therapeutics, Inc.^(b)		5,628		101,304
CorVel Corp.^(b)		698		127,888
Covetrus, Inc.^(b)		5,620		113,468
Cross Country Healthcare, Inc.^(b)		5,699		118,140
CryoLife, Inc.^(b)(c)		4,780		98,659
Cutera, Inc.^(b)(c)		2,364		101,652
Cytokinetics, Inc.^(b)(c)		4,023		140,443
Eagle Pharmaceuticals, Inc.^(b)		2,295		120,189
Enanta Pharmaceuticals, Inc.^(b)		2,116		181,659
Endo International PLC^(b)		42,555		180,859
Ensign Group, Inc. (The)		1,481		115,533
Fulgent Genetics, Inc.^(b)(c)		1,269		105,225
Glaukos Corp.^(b)		2,270		103,762
Hanger, Inc.^(b)		5,429		101,414
Harmony Biosciences Holdings, Inc.^(b)(c)		3,057		126,774
HealthStream, Inc.^(b)		3,964		105,482
Heska Corp.^(b)(c)		442		98,800
Innoviva, Inc.^(b)(c)		7,644		133,388
Inogen, Inc.^(b)		2,396		95,001
Integer Holdings Corp.^(b)		1,264		113,785
Invacare Corp.^(b)		21,668		107,040
Joint Corp. (The)^(b)		1,121		98,065
Lantheus Holdings, Inc.^(b)		4,576		107,033
LeMaitre Vascular, Inc.		2,008		104,436
Ligand Pharmaceuticals, Inc.^(b)		866		126,384
Magellan Health, Inc.^(b)		1,255		119,012
MEDNAX, Inc.^(b)		4,038		109,955
Meridian Bioscience, Inc.^(b)		5,801		109,117
Merit Medical Systems, Inc.^(b)		1,655		111,315
Mesa Laboratories, Inc.		444		135,731
ModivCare, Inc.^(b)		681		110,846
Myriad Genetics, Inc.^(b)		3,574		109,972
Natus Medical, Inc.^(b)		4,813		120,566
NeoGenomics, Inc.^(b)		2,263		104,098
NextGen Healthcare, Inc.^(b)		7,915		130,281
Omnicell, Inc.^(b)		746		132,900
OptimizeRx Corp.^(b)		1,358		131,319
OraSure Technologies, Inc.^(b)(c)		10,080		107,554
Organogenesis Holdings, Inc.^(b)		7,095		77,903
Orthofix Medical, Inc.^(b)		2,924		105,205
Owens & Minor, Inc.		3,344		119,983
Pacira BioSciences, Inc.^(b)		2,144		112,088
Pennant Group, Inc. (The)^(b)		3,607		92,231
Phibro Animal Health Corp., Class A		5,254		115,273
Prestige Consumer Healthcare, Inc.^(b)		2,219		133,118
RadNet, Inc.^(b)		4,041		125,635
REGENXBIO, Inc.^(b)(c)		3,591		127,265
Select Medical Holdings Corp.		3,436		114,144
Simulations Plus, Inc.^(c)		2,646		133,623
Spectrum Pharmaceuticals, Inc.^(b)		53,720		98,308
Supernus Pharmaceuticals, Inc.^(b)		4,466		133,310

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



		41
		41

Invesco S&P SmallCap 600^® Equal Weight ETF (EWSC)—(continued)

October 31, 2021

(Unaudited)


	Shares		Value
Health Care-(continued)
SurModics, Inc.^(b)		2,089	$	116,274
Tabula Rasa HealthCare, Inc.^(b)(c)		4,126		112,021
Tactile Systems Technology, Inc.^(b)		2,799		96,537
Tivity Health, Inc.^(b)(c)		5,186		129,754
uniQure N.V. (Netherlands)^(b)		3,380		102,989
US Physical Therapy, Inc.		1,043		112,498
Vanda Pharmaceuticals, Inc.^(b)		7,336		125,592
Varex Imaging Corp.^(b)		4,161		111,723
Vericel Corp.^(b)		2,299		105,800
Xencor, Inc.^(b)		3,638		143,919
Zynex, Inc.^(b)(c)		9,414		117,957

				9,435,370

Industrials-15.13%
AAON, Inc.		1,822		130,546
AAR Corp.^(b)		3,696		130,728
ABM Industries, Inc.		2,569		113,062
Aerojet Rocketdyne Holdings, Inc.		2,804		123,404
AeroVironment, Inc.^(b)		1,266		112,813
Alamo Group, Inc.		808		122,170
Albany International Corp., Class A		1,543		124,443
Allegiant Travel Co.^(b)		630		110,420
American Woodmark Corp.^(b)		1,807		124,213
Apogee Enterprises, Inc.		2,907		121,890
Applied Industrial Technologies, Inc.		1,377		134,230
ArcBest Corp.		1,754		157,597
Arcosa, Inc.		2,416		124,980
Astec Industries, Inc.		2,097		111,938
Atlas Air Worldwide Holdings, Inc.^(b)		1,606		130,279
AZZ, Inc.		2,294		121,880
Barnes Group, Inc.		2,633		110,428
Boise Cascade Co.		2,141		121,223
Brady Corp., Class A		2,361		122,984
Chart Industries, Inc.^(b)(c)		618		109,707
CIRCOR International, Inc.^(b)		3,641		103,914
Comfort Systems USA, Inc.		1,654		151,291
CoreCivic, Inc.^(b)		13,339		114,849
Deluxe Corp.		3,200		114,144
DXP Enterprises, Inc.^(b)		4,302		141,794
Echo Global Logistics, Inc.^(b)		2,491		120,141
Encore Wire Corp.		1,397		187,282
Enerpac Tool Group Corp.		4,926		102,904
EnPro Industries, Inc.		1,432		128,393
ESCO Technologies, Inc.		1,444		122,105
Exponent, Inc.		1,034		118,703
Federal Signal Corp.		3,044		130,314
Forrester Research, Inc.^(b)		2,500		133,125
Forward Air Corp.		1,410		141,790
Franklin Electric Co., Inc.		1,429		123,437
Gibraltar Industries, Inc.^(b)		1,727		112,531
GMS, Inc.^(b)		2,508		124,221
Granite Construction, Inc.		3,051		113,253
Greenbrier Cos., Inc. (The)		2,731		112,026
Griffon Corp.		5,111		135,390
Harsco Corp.^(b)		6,897		117,939
Hawaiian Holdings, Inc.^(b)(c)		6,118		118,383
Healthcare Services Group, Inc.		4,496		86,278
Heartland Express, Inc.		7,316		119,470
Heidrick & Struggles International, Inc.		2,854		133,796
Hillenbrand, Inc.		2,794		127,015


	Shares		Value
Industrials-(continued)
HNI Corp.		3,320	$	124,168
Hub Group, Inc., Class A^(b)		1,734		136,240
Insteel Industries, Inc.		3,397		138,156
Interface, Inc.		8,348		119,877
John Bean Technologies Corp.		786		116,131
Kaman Corp.		3,256		116,532
Kelly Services, Inc., Class A		6,226		112,255
Korn Ferry		1,630		125,852
Lindsay Corp.		753		109,690
ManTech International Corp., Class A		1,545		133,210
Marten Transport Ltd.		7,557		125,673
Matrix Service Co.^(b)		11,211		114,689
Matson, Inc.		1,373		114,343
Matthews International Corp., Class A		3,573		122,804
Meritor, Inc.^(b)		5,461		132,921
Moog, Inc., Class A		1,556		117,525
Mueller Industries, Inc.		2,799		147,339
MYR Group, Inc.^(b)		1,113		113,693
National Presto Industries, Inc.		1,470		122,230
NOW, Inc.^(b)		16,174		116,776
Park Aerospace Corp.		8,780		114,930
PGT Innovations, Inc.^(b)		5,816		124,172
Pitney Bowes, Inc.		16,958		117,689
Powell Industries, Inc.		4,749		122,809
Proto Labs, Inc.^(b)		1,643		98,268
Quanex Building Products Corp.		5,544		114,872
Raven Industries, Inc.^(b)		2,051		118,589
Resideo Technologies, Inc.^(b)		4,094		100,958
Resources Connection, Inc.		7,618		132,629
SkyWest, Inc.^(b)		2,741		117,945
SPX Corp.^(b)		2,044		118,736
SPX FLOW, Inc.		1,546		115,502
Standex International Corp.		1,258		139,978
Tennant Co.		1,591		126,421
Titan International, Inc.^(b)		16,696		120,545
Triumph Group, Inc.^(b)		6,834		139,755
TrueBlue, Inc.^(b)		4,408		122,763
UFP Industries, Inc.		1,690		138,293
UniFirst Corp.		528		104,523
US Ecology, Inc.^(b)(c)		3,343		107,611
Veritiv Corp.^(b)		1,296		139,022
Viad Corp.^(b)		2,794		123,970
Vicor Corp.^(b)		952		144,314
Wabash National Corp.		8,456		131,322
Watts Water Technologies, Inc., Class A		684		129,974

				11,219,117

Information Technology-10.87%
3D Systems Corp.^(b)(c)		3,842		108,191
8x8, Inc.^(b)		4,971		112,643
ADTRAN, Inc.		6,058		111,952
Advanced Energy Industries, Inc.		1,366		125,426
Agilysys, Inc.^(b)		2,329		111,140
Alarm.com Holdings, Inc.^(b)		1,490		125,547
Applied Optoelectronics, Inc.^(b)(c)		15,977		122,224
Arlo Technologies, Inc.^(b)		18,786		129,623
Axcelis Technologies, Inc.^(b)		2,442		134,139
Badger Meter, Inc.		1,163		118,917
Benchmark Electronics, Inc.		4,302		100,280
Bottomline Technologies (DE), Inc.^(b)		2,846		131,770

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



		42
		42

Invesco S&P SmallCap 600^® Equal Weight ETF (EWSC)—(continued)

October 31, 2021

(Unaudited)


	Shares		Value
Information Technology-(continued)
CalAmp Corp.^(b)		10,517	$	101,173
CEVA, Inc.^(b)		2,631		120,000
Cohu, Inc.^(b)		3,448		110,474
Comtech Telecommunications Corp.		4,768		102,846
Consensus Cloud Solutions, Inc.^(b)		1,217		77,073
CSG Systems International, Inc.		2,518		126,026
CTS Corp.		3,722		132,578
Daktronics, Inc.^(b)		21,394		118,737
Diebold Nixdorf, Inc.^(b)		12,017		108,153
Digi International, Inc.^(b)		5,434		117,103
Diodes, Inc.^(b)		1,271		122,130
DSP Group, Inc.^(b)		5,448		119,693
Ebix, Inc.^(c)		4,431		145,381
ePlus, Inc.^(b)		1,106		122,290
EVERTEC, Inc.		2,613		118,134
ExlService Holdings, Inc.^(b)		974		119,442
Extreme Networks, Inc.^(b)		11,780		115,797
Fabrinet (Thailand)^(b)		1,148		110,208
FARO Technologies, Inc.^(b)		1,781		131,028
FormFactor, Inc.^(b)		3,008		119,658
Harmonic, Inc.^(b)(c)		13,371		121,275
Ichor Holdings Ltd.^(b)		2,705		118,263
Insight Enterprises, Inc.^(b)		1,256		118,943
InterDigital, Inc.		1,723		115,355
Itron, Inc.^(b)		1,505		117,044
Knowles Corp.^(b)		6,212		129,458
Kulicke & Soffa Industries, Inc. (Singapore)^(c)		1,645		93,765
LivePerson, Inc.^(b)(c)		1,783		91,842
MaxLinear, Inc.^(b)		2,271		143,073
Methode Electronics, Inc.		2,757		115,987
NETGEAR, Inc.^(b)(c)		3,626		104,538
OneSpan, Inc.^(b)		6,240		127,421
Onto Innovation, Inc.^(b)		1,546		122,459
OSI Systems, Inc.^(b)		1,250		116,387
PC Connection, Inc.		2,606		120,006
PDF Solutions, Inc.^(b)		5,244		123,391
Perficient, Inc.^(b)(c)		1,005		124,218
Photronics, Inc.^(b)		8,476		110,103
Plantronics, Inc.^(b)(c)		4,370		116,941
Plexus Corp.^(b)		1,315		114,826
Power Integrations, Inc.		1,091		112,602
Progress Software Corp.		2,620		134,694
Rambus, Inc.^(b)		5,028		117,002
Rogers Corp.^(b)		609		122,482
Sanmina Corp.^(b)		3,020		114,005
ScanSource, Inc.^(b)		3,354		120,006
SMART Global Holdings, Inc.^(b)(c)		2,450		130,977
SPS Commerce, Inc.^(b)		855		130,584
TTEC Holdings, Inc.		1,166		110,059
TTM Technologies, Inc.^(b)		8,758		115,956
Ultra Clean Holdings, Inc.^(b)		2,571		127,444
Unisys Corp.^(b)		5,037		128,796
Veeco Instruments, Inc.^(b)(c)		5,204		126,405
Viavi Solutions, Inc.^(b)		7,383		113,698
Vonage Holdings Corp.^(b)		8,200		132,184
Xperi Holding Corp.		5,995		107,430

				8,059,395

Materials-6.04%
AdvanSix, Inc.^(b)		3,144		152,798


	Shares		Value
Materials-(continued)
Allegheny Technologies, Inc.^(b)		6,855	$	110,366
American Vanguard Corp.		7,920		123,394
Arconic Corp.^(b)		3,439		101,175
Balchem Corp.		853		130,586
Carpenter Technology Corp.		3,756		115,985
Century Aluminum Co.^(b)(c)		9,254		122,245
Clearwater Paper Corp.^(b)		3,505		146,614
Domtar Corp.^(b)		2,161		117,969
Ferro Corp.^(b)		5,651		118,784
FutureFuel Corp.		15,420		108,865
GCP Applied Technologies, Inc.^(b)		4,940		111,693
Glatfelter Corp.		7,788		127,957
H.B. Fuller Co.		1,823		128,540
Hawkins, Inc.		3,380		123,945
Haynes International, Inc.		3,211		128,857
Innospec, Inc.		1,329		120,421
Kaiser Aluminum Corp.		991		96,266
Koppers Holdings, Inc.^(b)		3,738		131,166
Kraton Corp.^(b)		2,921		133,344
Livent Corp.^(b)(c)		4,696		132,521
Materion Corp.		1,670		120,541
Mercer International, Inc. (Germany)		10,527		113,376
Myers Industries, Inc.		5,651		116,298
Neenah, Inc.		2,475		125,086
O-I Glass, Inc.^(b)		8,354		109,020
Olympic Steel, Inc.		4,834		130,373
Quaker Houghton		458		112,595
Rayonier Advanced Materials, Inc.^(b)		16,534		118,714
Schweitzer-Mauduit International, Inc., Class A		3,391		118,142
Stepan Co.		1,036		124,341
SunCoke Energy, Inc.		16,867		121,780
Sylvamo Corp.^(b)		3,640		102,502
TimkenSteel Corp.^(b)		8,914		124,350
Tredegar Corp.		9,462		114,112
Trinseo PLC		2,447		137,179
Warrior Met Coal, Inc.		4,493		107,697

				4,479,597

Real Estate-7.85%
Acadia Realty Trust		5,925		126,676
Agree Realty Corp.		1,692		120,234
Alexander & Baldwin, Inc.		5,372		131,775
American Assets Trust, Inc.		3,108		117,576
Armada Hoffler Properties, Inc.		9,146		125,392
Brandywine Realty Trust		8,959		118,707
CareTrust REIT, Inc.		5,471		113,523
Centerspace		1,176		119,058
Chatham Lodging Trust^(b)		10,197		129,400
Community Healthcare Trust, Inc.		2,564		122,662
DiamondRock Hospitality Co.^(b)		13,789		124,653
Diversified Healthcare Trust		34,119		124,193
Easterly Government Properties, Inc.^(c)		5,756		121,049
Essential Properties Realty Trust, Inc.		3,816		113,679
Four Corners Property Trust, Inc.		4,452		129,108
Franklin Street Properties Corp.		26,621		119,794
GEO Group, Inc. (The)^(c)		16,046		131,256
Getty Realty Corp.		3,921		125,942
Global Net Lease, Inc.		7,246		116,081
Hersha Hospitality Trust^(b)		13,371		119,403
Independence Realty Trust, Inc.		6,018		142,205

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



		43
		43

Invesco S&P SmallCap 600^® Equal Weight ETF (EWSC)—(continued)

October 31, 2021

(Unaudited)


	Shares		Value
Real Estate-(continued)
Industrial Logistics Properties Trust		4,535	$	127,388
Innovative Industrial Properties, Inc.^(c)		503		132,334
iStar, Inc.^(c)		4,589		115,826
Lexington Realty Trust		8,710		126,905
LTC Properties, Inc.		3,510		111,829
Mack-Cali Realty Corp.^(b)		7,181		130,622
Marcus & Millichap, Inc.^(b)		3,013		141,912
NexPoint Residential Trust, Inc.		1,871		132,504
Office Properties Income Trust		4,671		119,671
RE/MAX Holdings, Inc., Class A		3,760		119,606
Realogy Holdings Corp.^(b)		6,802		117,811
Retail Opportunity Investments Corp.		6,880		122,258
RPT Realty		9,630		127,983
Safehold, Inc.		1,487		111,079
Saul Centers, Inc.		2,715		125,976
Service Properties Trust		11,200		120,624
SITE Centers Corp.		7,772		123,497
St. Joe Co. (The)		2,760		129,775
Summit Hotel Properties, Inc.^(b)		13,446		134,460
Tanger Factory Outlet Centers, Inc.^(c)		7,164		120,355
Uniti Group, Inc.		9,357		133,899
Universal Health Realty Income Trust		2,086		118,839
Urstadt Biddle Properties, Inc., Class A		6,240		122,554
Washington REIT		4,755		120,539
Whitestone REIT		12,278		112,712
Xenia Hotels & Resorts, Inc.^(b)		7,159		127,430

				5,820,754

Utilities-1.23%
American States Water Co.		1,310		119,000
Avista Corp.		2,883		114,772
California Water Service Group		1,918		116,768
Chesapeake Utilities Corp.		928		121,633


	Shares		Value
Utilities-(continued)
Middlesex Water Co.		1,063	$	117,058
Northwest Natural Holding Co.		2,412		108,757
South Jersey Industries, Inc.		5,028		114,437
Unitil Corp.		2,456		102,538

				914,963

Total Common Stocks & Other Equity Interests (Cost $68,088,892)				74,060,045


Money Market Funds-0.12%
Invesco Government & Agency Portfolio, Institutional Class, 0.03%^(e)(f)(Cost $84,232)		84,232		84,232

TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-100.00% (Cost $68,173,124)				74,144,277


Investments Purchased with Cash Collateral from Securities on Loan

Money Market Funds-12.49%
Invesco Private Government Fund, 0.02%^(e)(f)(g)		2,776,350		2,776,350
Invesco Private Prime Fund, 0.11%^(e)(f)(g)		6,483,322		6,485,915

Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $9,262,265)				9,262,265

TOTAL INVESTMENTS IN SECURITIES-112.49% (Cost $77,435,389)				83,406,542
OTHER ASSETS LESS LIABILITIES-(12.49)%				(9,257,577	)

NET ASSETS-100.00%			$	74,148,965

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)


	Value April 30, 2021	Purchases at Cost		Proceeds from Sales			Change in Unrealized Appreciation		Realized Gain (Loss)			Value October 31, 2021	Dividend Income

Invesco Mortgage Capital, Inc.	$ 103,272	$	66,207	$	(27,218	)		$158	$	(18,979	)	$123,440	$	5,885

Investments in Affiliated Money Market Funds:

Invesco Government & Agency Portfolio, Institutional Class	58,820		1,324,900		(1,299,488	)		-		-		84,232		5

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



		44
		44

Invesco S&P SmallCap 600^® Equal Weight ETF (EWSC)—(continued)

October 31, 2021

(Unaudited)


	Value April 30, 2021		Purchases at Cost			Proceeds from Sales				Change in Unrealized Appreciation			Realized Gain (Loss)				Value October 31, 2021		Dividend Income
Investments Purchased with Cash Collateral from Securities on Loan:

Invesco Private Government Fund		$1,391,253		$	5,210,423		$	(3,825,326	)		$	-		$	-			$2,776,350		$	149	*

Invesco Private Prime Fund		2,086,880			10,563,187			(6,164,152	)			-			-			6,485,915			2,082	*

Total		$3,640,225		$	17,164,717		$	(11,316,184	)		$	158		$	(18,979	)		$9,469,937		$	8,121

*	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.

^(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			19.67

Industrials			15.13

Consumer Discretionary			13.61

Health Care			12.73

Information Technology			10.87

Real Estate			7.85

Energy			6.11

Materials			6.04

Consumer Staples			4.49

Sector Types Each Less Than 3%			3.38

Money Market Funds Plus Other Assets Less Liabilities			0.12

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



		45
		45

Statements of Assets and Liabilities

October 31, 2021

(Unaudited)


	Invesco S&P 500^® Equal Weight ETF (RSP)			Invesco S&P 500^® Equal Weight Communication Services ETF (EWCO)			Invesco S&P 500^® Equal Weight Consumer Discretionary ETF (RCD)			Invesco S&P 500^®Equal Weight Consumer Staples ETF (RHS)

Assets:
Unaffiliated investments in securities, at value^(a)		$	30,493,772,709		$	41,523,023		$	567,566,842		$	449,554,934
Affiliated investments in securities, at value			1,182,370,598			359,203			39,126,516			16,786,870
Cash			-			-			1,816			-
Receivable for:
Dividends			21,246,057			58,585			184,267			766,825
Securities lending			85,972			315			3,146			682
Investments sold			48,606,697			-			-			4,666,342
Fund shares sold			-			-			-			-


Total assets			31,746,082,033			41,941,126			606,882,587			471,775,653


Liabilities:
Due to custodian			12,865			-			-			82,535
Payable for:
Investments purchased			-			-			-			-
Collateral upon return of securities loaned			1,120,877,136			357,300			39,104,287			16,786,870
Fund shares repurchased			48,905,702			-			-			4,672,097
Accrued unitary management fees			5,069,500			14,307			226,705			155,466


Total liabilities			1,174,865,203			371,607			39,330,992			21,696,968


Net Assets		$	30,571,216,830		$	41,569,519		$	567,551,595		$	450,078,685


Net assets consist of:
Shares of beneficial interest		$	25,728,309,467		$	38,076,879		$	489,701,162		$	473,055,663
Distributable earnings (loss)			4,842,907,363			3,492,640			77,850,433			(22,976,978	)


Net Assets		$	30,571,216,830		$	41,569,519		$	567,551,595		$	450,078,685

Shares outstanding (unlimited amount authorized, $0.01 par value)			193,782,663			1,110,001			3,710,000			2,890,000
Net asset value		$	157.76		$	37.45		$	152.98		$	155.74


Market price		$	157.78		$	37.43		$	152.97		$	155.85


Unaffiliated investments in securities, at cost		$	25,498,726,191		$	41,620,816		$	554,381,180		$	408,180,120


Affiliated investments in securities, at cost		$	1,172,688,298		$	359,203		$	39,126,516		$	16,786,870


^(a) Includes securities on loan with an aggregate value of:		$	1,092,112,482		$	335,005		$	38,106,463		$	16,367,746

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



		46
		46


Invesco S&P 500^® Equal Weight Energy ETF (RYE)				Invesco S&P 500^® Equal Weight Financials ETF (RYF)			Invesco S&P 500^® Equal Weight Health Care ETF (RYH)			Invesco S&P 500^® Equal Weight Industrials ETF (RGI)			Invesco S&P 500^® Equal Weight Materials ETF (RTM)			Invesco S&P 500^® Equal Weight Real Estate ETF (EWRE)			Invesco S&P 500^® Equal Weight Technology ETF (RYT)


	$	266,905,835			$	485,584,941		$	1,001,385,400		$	444,593,822		$	453,247,449		$	108,878,379		$	2,860,928,870
		142,894				21,171,030			7,181,490			12,328,218			9,187,512			2,852,249			32,176,150
		-				-			-			1,053			-			-			100
		449,500				519,924			494,166			181,141			253,350			22,998			605,163
		279				856			661			1,333			833			89			2,290
		13,933,615				-			-			-			-			-			-
		3,981,057				653,279			-			-			6,791,803			-			-


		285,413,180				507,930,030			1,009,061,717			457,105,567			469,480,947			111,753,715			2,893,712,573


		-				49,475			-			-			-			-			-
		18,101,299				652,546			-			-			6,789,893			-			-
		-				13,848,122			7,134,061			12,206,857			9,186,950			2,756,773			31,152,744
		-				-			-			-			-			-			-
		83,182				154,480			332,267			152,469			151,236			34,107			944,275


		18,184,481				14,704,623			7,466,328			12,359,326			16,128,079			2,790,880			32,097,019


	$	267,228,699			$	493,225,407		$	1,001,595,389		$	444,746,241		$	453,352,868		$	108,962,835		$	2,861,615,554


	$	398,458,562			$	428,409,035		$	801,990,791		$	354,442,440		$	362,139,148		$	100,958,817		$	2,011,360,399
		(131,229,863	)			64,816,372			199,604,598			90,303,801			91,213,720			8,004,018			850,255,155


	$	267,228,699			$	493,225,407		$	1,001,595,389		$	444,746,241		$	453,352,868		$	108,962,835		$	2,861,615,554


		5,370,005				7,550,000			3,250,000			2,290,000			2,670,000			2,790,000			9,390,000
	$	49.76			$	65.33		$	308.18		$	194.21		$	169.80		$	39.05		$	304.75


	$	49.77			$	65.37		$	308.06		$	194.12		$	169.82		$	39.10		$	304.57


	$	235,467,079			$	411,941,495		$	768,322,137		$	387,699,619		$	416,590,991		$	100,550,612		$	2,062,561,429


	$	142,894			$	21,374,342		$	7,181,490		$	12,328,218		$	9,187,512		$	2,852,249		$	32,176,150


	$	-			$	13,664,245		$	7,031,711		$	11,929,182		$	8,914,352		$	2,650,570		$	30,154,063

Statements of Assets and Liabilities—(continued)

October 31, 2021

(Unaudited)


	Invesco S&P 500^® Equal Weight Utilities ETF (RYU)				Invesco S&P MidCap 400^® Equal Weight ETF (EWMC)			Invesco S&P SmallCap 600^® Equal Weight ETF (EWSC)
Assets:
Unaffiliated investments in securities, at value^(a)		$	250,815,707			$	130,084,091		$	73,936,605
Affiliated investments in securities, at value			63,155				12,735,293			9,469,937
Cash			-				20			-
Receivable for:
Dividends			312,066				46,927			25,861
Securities lending			12				986			957
Investments sold			-				-			9,326
Investments sold - affiliated broker			-				-			111,739


Total assets			251,190,940				142,867,317			83,554,425


Liabilities:
Payable for:
Investments purchased - affiliated broker			-				-			117,821
Collateral upon return of securities loaned			-				12,674,821			9,262,265
Accrued unitary management fees			83,538				42,765			25,374


Total liabilities			83,538				12,717,586			9,405,460


Net Assets		$	251,107,402			$	130,149,731		$	74,148,965


Net assets consist of:
Shares of beneficial interest		$	265,885,713			$	127,076,778		$	83,388,785
Distributable earnings (loss)			(14,778,311	)			3,072,953			(9,239,820	)


Net Assets		$	251,107,402			$	130,149,731		$	74,148,965

Shares outstanding (unlimited amount authorized, $0.01 par value)			2,360,000				1,380,000			890,000
Net asset value		$	106.40			$	94.31		$	83.31


Market price		$	106.62			$	94.33		$	83.24


Unaffiliated investments in securities, at cost		$	236,787,429			$	110,018,320		$	67,957,730


Affiliated investments in securities, at cost		$	63,155			$	12,735,293		$	9,477,659


^(a)Includes securities on loan with an aggregate value of:		$	-			$	12,305,851		$	9,009,652

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



		48
		48

(This Page Intentionally Left Blank)

Statements of Operations

For the six months ended October 31, 2021

(Unaudited)


	Invesco S&P 500^® Equal Weight ETF (RSP)				Invesco S&P 500^® Equal Weight Communication Services ETF (EWCO)				Invesco S&P 500^® Equal Weight Consumer Discretionary ETF (RCD)				Invesco S&P 500^® Equal Weight Consumer Staples ETF (RHS)
Investment income:
Unaffiliated dividend income		$	233,619,907			$	322,950			$	3,921,470			$	7,360,260
Affiliated dividend income			674,016				3				41				31
Securities lending income			392,289				2,337				15,951				3,514
Foreign withholding tax			(49,019	)			-				-				-

Total investment income			234,637,193				325,290				3,937,462				7,363,805


Expenses:
Unitary management fees			29,132,810				90,329				1,641,020				958,900
Tax expenses			-				278				-				-
Professional fees			25				-				407				-


Total expenses			29,132,835				90,607				1,641,427				958,900

Less: Waivers			(93	)			-				(4	)			-

Net expenses			29,132,742				90,607				1,641,423				958,900

Net investment income			205,504,451				234,683				2,296,039				6,404,905


Realized and unrealized gain (loss) from:
Net realized gain (loss) from:
Unaffiliated investment securities			(53,638,060	)			(264,891	)			1,033,919				(624,680	)
Affiliated investment securities			(333,082	)			-				-				-
Unaffiliated in-kind redemptions			1,989,155,589				4,972,001				94,580,195				6,373,834
Affiliated in-kind redemptions			2,719,011				-				-				-


Net realized gain (loss)			1,937,903,458				4,707,110				95,614,114				5,749,154


Change in net unrealized appreciation (depreciation) of:
Unaffiliated investment securities			(171,926,329	)			(5,803,538	)			(85,373,623	)			(23,798,705	)
Affiliated investment securities			(5,968,840	)			-				(1	)			-


Change in net unrealized appreciation (depreciation)			(177,895,169	)			(5,803,538	)			(85,373,624	)			(23,798,705	)


Net realized and unrealized gain (loss)			1,760,008,289				(1,096,428	)			10,240,490				(18,049,551	)


Net increase (decrease) in net assets resulting from operations		$	1,965,512,740			$	(861,745	)		$	12,536,529			$	(11,644,646	)

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



		50
		50


Invesco S&P 500^® Equal Weight Energy ETF (RYE)		Invesco S&P 500^® Equal Weight Financials ETF (RYF)				Invesco S&P 500^® Equal Weight Health Care ETF (RYH)				Invesco S&P 500^® Equal Weight Industrials ETF (RGI)				Invesco S&P 500^® Equal Weight Materials ETF (RTM)				Invesco S&P 500^® Equal Weight Real Estate ETF (EWRE)				Invesco S&P 500^® Equal Weight Technology ETF (RYT)

	$ 2,963,651		$	4,302,778			$	4,400,627			$	3,030,189			$	5,046,546			$	1,024,439			$	12,769,771
	35			72,735				40				27				46				5				115
	1,178			3,150				3,109				5,633				3,591				368				17,417
	-			-				-				-				-				-				(30,316	)

	2,964,864			4,378,663				4,403,776				3,035,849				5,050,183				1,024,812				12,756,987


	386,776			852,473				1,853,540				1,071,080				1,089,910				150,339				5,498,588
	-			-				-				-				1,460				-				-
	-			-				-				-				-				-				-

	386,776			852,473				1,853,540				1,071,080				1,091,370				150,339				5,498,588

	-			-				(1	)			-				(1	)			-				(28	)

	386,776			852,473				1,853,539				1,071,080				1,091,369				150,339				5,498,560

	2,578,088			3,526,190				2,550,237				1,964,769				3,958,814				874,473				7,258,427


	(13,436,961)			(3,837,614	)			(6,550,140	)			(1,160,577	)			(2,193,268	)			(75,061	)			4,809,916
	-			(89,501	)			-				-				-				-				-
	12,762,523			25,356,508				52,348,245				64,769,934				78,861,167				2,679,253				187,154,572
	-			340,646				-				-				-				-				-

	(674,438)			21,770,039				45,798,105				63,609,357				76,667,899				2,604,192				191,964,488


	34,229,719			14,591,409				33,847,236				(40,869,722	)			(70,062,704	)			4,839,488				58,794,539
	-			(665,286	)			-				-				-				-				-


	34,229,719			13,926,123				33,847,236				(40,869,722	)			(70,062,704	)			4,839,488				58,794,539

	33,555,281			35,696,162				79,645,341				22,739,635				6,605,195				7,443,680				250,759,027


	$ 36,133,369		$	39,222,352			$	82,195,578			$	24,704,404			$	10,564,009			$	8,318,153			$	258,017,454

Statements of Operations—(continued)

For the six months ended October 31, 2021

(Unaudited)


	Invesco S&P 500^® Equal Weight Utilities ETF (RYU)				Invesco S&P MidCap 400^® Equal Weight ETF (EWMC)				Invesco S&P SmallCap 600^® Equal Weight ETF (EWSC)
Investment income:
Unaffiliated dividend income		$	3,168,482			$	969,584			$	509,934
Affiliated dividend income			20				12				5,890
Securities lending income			385				5,190				4,550
Foreign withholding tax			-				-				(376	)

Total investment income			3,168,887				974,786				519,998


Expenses:
Unitary management fees			438,703				259,315				134,733

Less: Waivers			-				-				-

Net expenses			438,703				259,315				134,733

Net investment income			2,730,184				715,471				385,265


Realized and unrealized gain (loss) from:
Net realized gain (loss) from:
Unaffiliated investment securities			(730,421	)			510,921				(328,845	)
Affiliated investment securities			-				-				(21,947	)
Unaffiliated in-kind redemptions			766,524				10,347,656				5,883,138
Affiliated in-kind redemptions			-				-				2,968

Net realized gain			36,103				10,858,577				5,535,314

Change in net unrealized appreciation (depreciation) of:
Unaffiliated investment securities			(3,703,294	)			(8,908,176	)			(4,050,788	)
Affiliated investment securities			-				-				158

Change in net unrealized appreciation (depreciation)			(3,703,294	)			(8,908,176	)			(4,050,630	)

Net realized and unrealized gain (loss)			(3,667,191	)			1,950,401				1,484,684

Net increase (decrease) in net assets resulting from operations		$	(937,007	)		$	2,665,872			$	1,869,949

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



		52
		52

(This Page Intentionally Left Blank)

Statements of Changes in Net Assets

For the six months ended October 31, 2021 and the year ended April 30, 2021

(Unaudited)


	Invesco S&P 500^®Equal Weight ETF (RSP)							Invesco S&P 500^®Equal Weight Communication Services ETF (EWCO)
	Six Months Ended October 31, 2021				Year Ended April 30, 2021			Six Months Ended October 31, 2021				Year Ended April 30, 2021
Operations:
Net investment income		$	205,504,451		$	258,782,784			$	234,683		$	345,721
Net realized gain (loss)			1,937,903,458			1,428,792,314				4,707,110			4,195,900
Change in net unrealized appreciation (depreciation)			(177,895,169	)		5,636,848,615				(5,803,538	)		8,575,532

Net increase (decrease) in net assets resulting from operations			1,965,512,740			7,324,423,713				(861,745	)		13,117,153


Distributions to Shareholders from:
Distributable earnings			(186,389,862	)		(280,652,301	)			(207,757	)		(305,268	)


Shareholder Transactions:
Proceeds from shares sold			6,926,220,112			15,219,941,599				17,394,233			23,309,725
Value of shares repurchased			(4,739,630,536	)		(6,602,078,748	)			(17,755,167	)		(11,301,795	)

Net increase (decrease) in net assets resulting from share transactions			2,186,589,576			8,617,862,851				(360,934	)		12,007,930

Net increase (decrease) in net assets			3,965,712,454			15,661,634,263				(1,430,436	)		24,819,815


Net assets:
Beginning of period			26,605,504,376			10,943,870,113				42,999,955			18,180,140

End of period		$	30,571,216,830		$	26,605,504,376			$	41,569,519		$	42,999,955


Changes in Shares Outstanding:
Shares sold			45,570,000			121,770,000				450,000			680,000
Shares repurchased			(31,330,000	)		(56,030,000	)			(460,000	)		(360,000	)
Shares outstanding, beginning of period			179,542,663			113,802,663				1,120,001			800,001

Shares outstanding, end of period			193,782,663			179,542,663				1,110,001			1,120,001

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



		54
		54


Invesco S&P 500^®Equal Weight Consumer Discretionary ETF (RCD)						Invesco S&P 500^®Equal Weight Consumer Staples ETF (RHS)							Invesco S&P 500^®Equal Weight Energy ETF (RYE)
Six Months Ended October 31, 2021			Year Ended April 30, 2021			Six Months Ended October 31, 2021				Year Ended April 30, 2021			Six Months Ended October 31, 2021			Year Ended April 30, 2021

	$	2,296,039	$	1,403,819			$	6,404,905		$	9,533,055		$	2,578,088		$	2,469,642
		95,614,114		63,838,217				5,749,154			9,207,255			(674,438	)		(43,763,473	)
		(85,373,624)		117,527,797				(23,798,705	)		84,530,376			34,229,719			61,490,167

		12,536,529		182,769,833				(11,644,646	)		103,270,686			36,133,369			20,196,336


		(1,973,942)		(1,486,049	)			(4,454,027	)		(10,934,630	)		(2,179,740	)		(2,847,442	)


		297,061,413		1,048,062,462				16,082,893			83,915,892			144,336,509			124,277,512

		(713,527,636)		(304,919,446	)			(27,078,932	)		(180,158,902	)		(67,527,021	)		(67,899,355	)


		(416,466,223)		743,143,016				(10,996,039	)		(96,243,010	)		76,809,488			56,378,157

		(405,903,636)		924,426,800				(27,094,712	)		(3,906,954	)		110,763,117			73,727,051


		973,455,231		49,028,431				477,173,397			481,080,351			156,465,582			82,738,531

	$	567,551,595	$	973,455,231			$	450,078,685		$	477,173,397		$	267,228,699		$	156,465,582


		2,010,000		8,310,000				100,000			570,000			3,050,000			3,600,000
		(4,840,000)		(2,370,000	)			(170,000	)		(1,210,000	)		(1,520,000	)		(2,710,000	)
		6,540,000		600,000				2,960,000			3,600,000			3,840,005			2,950,005

		3,710,000		6,540,000				2,890,000			2,960,000			5,370,005			3,840,005

Statements of Changes in Net Assets—(continued)

For the six months ended October 31, 2021 and the year ended April 30, 2021

(Unaudited)


	Invesco S&P 500^®Equal Weight Financials ETF (RYF)							Invesco S&P 500^®Equal Weight Health Care ETF (RYH)
	Six Months Ended October 31, 2021				Year Ended April 30, 2021			Six Months Ended October 31, 2021				Year Ended April 30, 2021

Operations:
Net investment income		$	3,526,190		$	4,463,515			$	2,550,237		$	3,770,010
Net realized gain (loss)			21,770,039			(396,842	)			45,798,105			64,202,939
Change in net unrealized appreciation (depreciation)			13,926,123			104,291,984				33,847,236			137,216,794

Net increase in net assets resulting from operations			39,222,352			108,358,657				82,195,578			205,189,743


Distributions to Shareholders from:
Distributable earnings			(3,245,351	)		(4,598,534	)			(2,218,617	)		(3,959,289	)


Shareholder Transactions:
Proceeds from shares sold			156,073,656			177,652,506				222,836,278			106,177,815
Value of shares repurchased			(74,725,836	)		(66,714,583	)			(114,757,841	)		(200,305,554	)

Net increase (decrease) in net assets resulting from share transactions			81,347,820			110,937,923				108,078,437			(94,127,739	)

Net increase (decrease) in net assets			117,324,821			214,698,046				188,055,398			107,102,715


Net assets:
Beginning of period			375,900,586			161,202,540				813,539,991			706,437,276

End of period		$	493,225,407		$	375,900,586			$	1,001,595,389		$	813,539,991


Changes in Shares Outstanding:
Shares sold			2,500,000			3,420,000				730,000			420,000
Shares repurchased			(1,250,000	)		(1,670,000	)			(380,000	)		(820,000	)
Shares outstanding, beginning of period			6,300,000			4,550,000				2,900,000			3,300,000

Shares outstanding, end of period			7,550,000			6,300,000				3,250,000			2,900,000

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



		56
		56


Invesco S&P 500^®Equal Weight Industrials ETF (RGI)							Invesco S&P 500^®Equal Weight Materials ETF (RTM)							Invesco S&P 500^®Equal Weight Real Estate ETF (EWRE)
Six Months Ended October 31, 2021				Year Ended April 30, 2021			Six Months Ended October 31, 2021				Year Ended April 30, 2021			Six Months Ended October 31, 2021				Year Ended April 30, 2021

	$	1,964,769		$	3,000,487			$	3,958,814		$	5,768,223			$	874,473		$	510,012
		63,609,357			48,330,095				76,667,899			41,505,275				2,604,192			(1,464,527	)
		(40,869,722	)		125,722,356				(70,062,704	)		131,431,807				4,839,488			9,164,368

		24,704,404			177,052,938				10,564,009			178,705,305				8,318,153			8,209,853


		(1,956,495	)		(3,070,411	)			(4,012,849	)		(5,559,565	)			(829,849	)		(873,599	)


		91,074,078			537,764,033				142,299,337			452,166,650				68,276,022			22,472,423
		(226,666,478	)		(296,428,381	)			(308,914,078	)		(120,375,446	)			(12,064,588	)		(7,629,655	)


		(135,592,400	)		241,335,652				(166,614,741	)		331,791,204				56,211,434			14,842,768

		(112,844,491	)		415,318,179				(160,063,581	)		504,936,944				63,699,738			22,179,022


		557,590,732			142,272,553				613,416,449			108,479,505				45,263,097			23,084,075

	$	444,746,241		$	557,590,732			$	453,352,868		$	613,416,449			$	108,962,835		$	45,263,097


		480,000			3,790,000				830,000			3,350,000				1,840,000			680,000
		(1,200,000	)		(2,080,000	)			(1,870,000	)		(790,000	)			(340,000	)		(290,000	)
		3,010,000			1,300,000				3,710,000			1,150,000				1,290,000			900,000

		2,290,000			3,010,000				2,670,000			3,710,000				2,790,000			1,290,000

Statements of Changes in Net Assets—(continued)

For the six months ended October 31, 2021 and the year ended April 30, 2021

(Unaudited)


	Invesco S&P 500^®Equal Weight Technology ETF (RYT)							Invesco S&P 500^®Equal Weight Utilities ETF (RYU)
	Six Months Ended October 31, 2021				Year Ended April 30, 2021			Six Months Ended October 31, 2021				Year Ended April 30, 2021

Operations:
Net investment income		$	7,258,427		$	16,551,951			$	2,730,184		$	6,455,813
Net realized gain			191,964,488			198,466,957				36,103			11,357,673
Change in net unrealized appreciation (depreciation)			58,794,539			636,741,544				(3,703,294	)		24,559,905

Net increase (decrease) in net assets resulting from operations			258,017,454			851,760,452				(937,007	)		42,373,391


Distributions to Shareholders from:
Distributable earnings			(6,850,969	)		(25,926,165	)			(2,966,494	)		(7,025,165	)


Shareholder Transactions:
Proceeds from shares sold			396,785,430			893,999,654				50,797,569			14,519,622
Value of shares repurchased			(376,354,865	)		(659,158,576	)			(4,343,502	)		(141,323,667	)

Net increase (decrease) in net assets resulting from share transactions			20,430,565			234,841,078				46,454,067			(126,804,045	)

Net increase (decrease) in net assets			271,597,050			1,060,675,365				42,550,566			(91,455,819	)


Net assets:
Beginning of period			2,590,018,504			1,529,343,139				208,556,836			300,012,655

End of period		$	2,861,615,554		$	2,590,018,504			$	251,107,402		$	208,556,836


Changes in Shares Outstanding:
Shares sold			1,370,000			3,730,000				470,000			150,000
Shares repurchased			(1,320,000	)		(2,740,000	)			(40,000	)		(1,470,000	)
Shares outstanding, beginning of period			9,340,000			8,350,000				1,930,000			3,250,000

Shares outstanding, end of period			9,390,000			9,340,000				2,360,000			1,930,000

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



		58
		58


Invesco S&P MidCap 400^®Equal Weight ETF (EWMC)								Invesco S&P SmallCap 600^®Equal Weight ETF (EWSC)
Six Months Ended October 31, 2021				Year Ended April 30, 2021				Six Months Ended October 31, 2021				Year Ended April 30, 2021

	$	715,471			$	846,476			$	385,265			$	303,189
		10,858,577				3,647,091				5,535,314				1,631,073
		(8,908,176	)			40,883,567				(4,050,630	)			16,352,097

		2,665,872				45,377,134				1,869,949				18,286,359


		(627,527	)			(899,756	)			(348,048	)			(351,099	)


		40,624,117				30,866,943				26,467,228				28,476,495
		(26,446,193	)			(14,505,986	)			(12,298,292	)			(9,269,618	)


		14,177,924				16,360,957				14,168,936				19,206,877

		16,216,269				60,838,335				15,690,837				37,142,137


		113,933,462				53,095,127				58,458,128				21,315,991

	$	130,149,731			$	113,933,462			$	74,148,965			$	58,458,128


		440,000				420,000				320,000				370,000
		(290,000	)			(190,000	)			(150,000	)			(150,000	)
		1,230,000				1,000,000				720,000				500,000

		1,380,000				1,230,000				890,000				720,000

Financial Highlights

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


	Six Months Ended October 31, 2021				Years Ended April 30,									Six Months Ended April 30,				Years Ended October 31,
	(Unaudited)				2021			2020			2019			2018				2017			2016
Per Share Operating Performance:
Net asset value at beginning of period		$	148.18		$	96.17		$	108.20		$	99.87			$	96.58		$	81.57		$	78.71

Net investment income^(a)			1.08			1.93			2.15			1.78				0.85			1.39			1.31
Net realized and unrealized gain (loss) on investments			9.48			52.09			(11.97	)		8.45				3.33			14.85			2.78

Total from investment operations			10.56			54.02			(9.82	)		10.23				4.18			16.24			4.09

Distributions to shareholders from:
Net investment income			(0.98	)		(2.01	)		(2.21	)		(1.90	)			(0.89	)		(1.23	)		(1.23	)

Net asset value at end of period		$	157.76		$	148.18		$	96.17		$	108.20			$	99.87		$	96.58		$	81.57

Market price at end of period^(b)		$	157.78		$	148.23		$	96.31		$	108.22			$	99.92

Net Asset Value Total Return^(c)			7.15	%		56.72	%		(8.98	)%		10.45	%			4.30	%		19.98	%		5.24	%
Market Price Total Return^(c)			7.16	%		56.53	%		(8.89	)%		10.43	%			4.36	%
Ratios/Supplemental Data:
Net assets at end of period (000’s omitted)		$	30,571,217		$	26,605,504		$	10,943,870		$	16,143,961			$	14,616,057		$	14,226,625		$	9,959,671
Ratio to average net assets of:
Expenses, after Waivers			0.20	%^(d)		0.20	%		0.20	%		0.20	%			0.20	%^(d)		0.33	%		0.40	%
Expenses, prior to Waivers			0.20	%^(d)		0.20	%		0.20	%		0.20	%			0.20	%^(d)		0.36	%		0.40	%
Net investment income			1.41	%^(d)		1.60	%		2.01	%		1.74	%			1.69	%^(d)		1.52	%		1.66	%
Portfolio turnover rate^(e)			7	%		24	%		19	%		19	%			9	%		21	%		22	%

^(a)	Based on average shares outstanding.

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

^(c)

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

^(d)	Annualized.

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

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



		60
		60

Financial Highlights—(continued)

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


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

Net investment income^(b)			0.20			0.41			0.41	^(c)			0.16
Net realized and unrealized gain (loss) on investments			(0.96	)		15.60			(2.64	)			0.33

Total from investment operations			(0.76	)		16.01			(2.23	)			0.49

Distributions to shareholders from:
Net investment income			(0.18	)		(0.35	)		(0.40	)			(0.10	)
Net realized gains			-			-			(0.03	)			-

Total distributions			(0.18	)		(0.35	)		(0.43	)			(0.10	)

Net asset value at end of period		$	37.45		$	38.39		$	22.73			$	25.39

Market price at end of period^(d)		$	37.43		$	38.43		$	22.74			$	25.41


Net Asset Value Total Return^(e)			(1.99	)%		70.90	%		(8.89	)%			2.04	%^(f)
Market Price Total Return^(e)			(2.14	)%		71.00	%		(8.92	)%			2.12	%^(f)
Ratios/Supplemental Data:
Net assets at end of period (000’s omitted)		$	41,570		$	43,000		$	18,180			$	22,851
Ratio to average net assets of:
Expenses			0.40	%^(g)		0.40	%		0.42	%^(h)			0.40	%^(g)
Net investment income			1.04	%^(g)		1.36	%		1.65	%^(c)(h)			1.42	%^(g)
Portfolio turnover rate⁽ⁱ⁾			9	%		20	%		30	%			10	%

^(a)	Commencement of investment operations.

^(b)	Based on average shares outstanding.

^(c)

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

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

^(e)

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

^(g)	Annualized.

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

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

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



		61
		61

Financial Highlights—(continued)

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


	Six Months Ended October 31, 2021				Years Ended April 30,									Six Months Ended April 30,				Years Ended October 31,
	(Unaudited)				2021			2020			2019			2018				2017			2016
Per Share Operating Performance:
Net asset value at beginning of period		$	148.85		$	81.71		$	107.85		$	99.15			$	91.21		$	85.40		$	90.26

Net investment income^(a)			0.42			0.56			1.83			1.49				0.68			1.27			1.29
Net realized and unrealized gain (loss) on investments			4.08			67.17			(26.05	)		8.80				7.98			5.84			(4.96	)

Total from investment operations			4.50			67.73			(24.22	)		10.29				8.66			7.11			(3.67	)

Distributions to shareholders from:
Net investment income			(0.37	)		(0.59	)		(1.92	)		(1.59	)			(0.72	)		(1.30	)		(1.19	)

Net asset value at end of period		$	152.98		$	148.85		$	81.71		$	107.85			$	99.15		$	91.21		$	85.40

Market price at end of period^(b)		$	152.97		$	148.79		$	81.63		$	107.86			$	99.13

Net Asset Value Total Return^(c)			3.05	%		83.19	%		(22.56	)%		10.58	%			9.49	%		8.32	%		(4.07	)%
Market Price Total Return^(c)			3.09	%		83.29	%		(22.64	)%		10.61	%			9.48	%
Ratios/Supplemental Data:
Net assets at end of period (000’s omitted)		$	567,552		$	973,455		$	49,028		$	113,239			$	84,279		$	72,965		$	68,323
Ratio to average net assets of:
Expenses			0.40	%^(d)		0.40	%		0.41	%^(e)		0.40	%			0.40	%^(d)		0.40	%		0.40	%
Net investment income			0.56	%^(d)		0.45	%		1.80	%^(e)		1.45	%			1.38	%^(d)		1.39	%		1.49	%
Portfolio turnover rate^(f)			9	%		33	%		28	%		30	%			13	%		29	%		30	%

^(a)	Based on average shares outstanding.

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

^(c)

^(d)	Annualized.

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

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

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



		62
		62

Financial Highlights—(continued)

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


	Six Months Ended October 31, 2021				Years Ended April 30,									Six Months Ended April 30,				Years Ended October 31,
	(Unaudited)				2021			2020			2019			2018				2017			2016
Per Share Operating Performance:
Net asset value at beginning of period		$	161.21		$	133.63		$	134.95		$	122.87			$	121.67		$	121.52		$	111.76

Net investment income^(a)			2.16			2.79			3.19			2.87				1.32			2.30			2.19
Net realized and unrealized gain (loss) on investments			(6.12	)		28.05			(1.34	)		12.30				1.14			0.13			9.69

Total from investment operations			(3.96	)		30.84			1.85			15.17				2.46			2.43			11.88

Distributions to shareholders from:
Net investment income			(1.51	)		(3.26	)		(3.17	)		(3.09	)			(1.26	)		(2.28	)		(2.12	)

Net asset value at end of period		$	155.74		$	161.21		$	133.63		$	134.95			$	122.87		$	121.67		$	121.52

Market price at end of period^(b)		$	155.85		$	161.11		$	133.58		$	134.97			$	122.84

Net Asset Value Total Return^(c)			(2.46	)%		23.34	%		1.44	%		12.63	%			1.96	%		1.99	%		10.63	%
Market Price Total Return^(c)			(2.33	)%		23.31	%		1.37	%		12.67	%			1.97	%
Ratios/Supplemental Data:
Net assets at end of period (000’s omitted)		$	450,079		$	477,173		$	481,080		$	431,837			$	417,753		$	444,092		$	613,661
Ratio to average net assets of:
Expenses			0.40	%^(d)		0.40	%		0.40	%		0.40	%			0.40	%^(d)		0.40	%		0.40	%
Net investment income			2.67	%^(d)		1.91	%		2.32	%		2.27	%			2.06	%^(d)		1.86	%		1.81	%
Portfolio turnover rate^(e)			7	%		14	%		22	%		19	%			9	%		20	%		17	%

^(a)	Based on average shares outstanding.

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

^(c)

^(d)	Annualized.

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

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



		63
		63

Financial Highlights—(continued)

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


	Six Months Ended October 31, 2021				Years Ended April 30,									Six Months Ended April 30,				Years Ended October 31,
	(Unaudited)				2021			2020			2019			2018				2017			2016
Per Share Operating Performance:
Net asset value at beginning of period		$	40.75		$	28.05		$	51.81		$	60.29			$	54.29		$	56.90		$	54.39

Net investment income^(a)			0.59			0.86			1.09			0.82				0.47			1.28			0.90
Net realized and unrealized gain (loss) on investments			8.94			12.80			(23.84	)		(8.34	)			5.98			(2.50	)		2.53

Total from investment operations			9.53			13.66			(22.75	)		(7.52	)			6.45			(1.22	)		3.43

Distributions to shareholders from:
Net investment income			(0.52	)		(0.96	)		(1.01	)		(0.96	)			(0.45	)		(1.39	)		(0.92	)

Net asset value at end of period		$	49.76		$	40.75		$	28.05		$	51.81			$	60.29		$	54.29		$	56.90

Market price at end of period^(b)		$	49.77		$	40.80		$	28.06		$	51.82			$	60.43

Net Asset Value Total Return^(c)			23.61	%		50.01	%		(44.18	)%		(12.46	)%			11.97	%		(2.20	)%		6.50	%
Market Price Total Return^(c)			23.48	%		50.15	%		(44.17	)%		(12.65	)%			12.31	%
Ratios/Supplemental Data:
Net assets at end of period (000’s omitted)		$	267,229		$	156,466		$	82,739		$	209,823			$	253,202		$	230,747		$	199,164
Ratio to average net assets of:
Expenses			0.40	%^(d)		0.40	%		0.40	%		0.40	%			0.40	%^(d)		0.40	%		0.40	%
Net investment income			2.67	%^(d)		2.75	%		2.60	%		1.46	%			1.69	%^(d)		2.22	%		1.72	%
Portfolio turnover rate^(e)			32	%		37	%		34	%		31	%			10	%		34	%		41	%

^(a)	Based on average shares outstanding.

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

^(c)

^(d)	Annualized.

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

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



		64
		64

Financial Highlights—(continued)

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


	Six Months Ended October 31, 2021				Years Ended April 30,									Six Months Ended April 30,				Years Ended October 31,
	(Unaudited)				2021			2020			2019			2018				2017			2016
Per Share Operating Performance:
Net asset value at beginning of period		$	59.67		$	35.43		$	43.78		$	43.94			$	41.93		$	31.41		$	43.72

Net investment income^(a)			0.51			1.05			0.92			0.78				0.40			0.55			0.81
Net realized and unrealized gain (loss) on investments			5.62			24.25			(8.38	)		-				1.91			10.45			1.03

Total from investment operations			6.13			25.30			(7.46	)		0.78				2.31			11.00			1.84

Distributions to shareholders from:
Net investment income			(0.47	)		(1.06	)		(0.89	)		(0.94	)			(0.30	)		(0.48	)		(0.78	)
Return of capital			-			-			-			-				-			-			(13.37	)^(b)

Total distributions			(0.47	)		(1.06	)		(0.89	)		(0.94	)			(0.30	)		(0.48	)		(14.15	)

Net asset value at end of period		$	65.33		$	59.67		$	35.43		$	43.78			$	43.94		$	41.93		$	31.41

Market price at end of period^(c)		$	65.37		$	59.73		$	35.53		$	43.79			$	43.98

Net Asset Value Total Return^(d)			10.36	%		72.61	%		(17.09	)%		1.98	%			5.50	%		35.15	%		4.33	%
Market Price Total Return^(d)			10.31	%		72.30	%		(16.88	)%		1.91	%			5.47	%
Ratios/Supplemental Data:
Net assets at end of period (000’s omitted)		$	493,225		$	375,901		$	161,203		$	291,145			$	441,558		$	358,496		$	114,649
Ratio to average net assets of:
Expenses			0.40	%^(e)		0.40	%		0.40	%		0.40	%			0.40	%^(e)		0.40	%		0.40	%
Net investment income			1.65	%^(e)		2.33	%		2.15	%		1.86	%			1.81	%^(e)		1.44	%		1.96	%
Portfolio turnover rate^(f)			6	%		19	%		23	%		17	%			7	%		15	%		53	%

^(a)	Based on average shares outstanding.

^(b)	Special distribution.

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

^(d)

^(e)	Annualized.

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

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



		65
		65

Financial Highlights—(continued)

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


	Six Months Ended October 31, 2021				Years Ended April 30,									Six Months Ended April 30,				Years Ended October 31,
	(Unaudited)				2021			2020			2019			2018				2017			2016
Per Share Operating Performance:
Net asset value at beginning of period		$	280.53		$	214.07		$	193.66		$	178.78			$	175.84		$	143.79		$	149.97

Net investment income^(a)			0.83			1.25			1.31			1.05				0.44			0.78			0.78
Net realized and unrealized gain (loss) on investments			27.53			66.53			20.36			14.87				2.93			32.02			(6.22	)

Total from investment operations			28.36			67.78			21.67			15.92				3.37			32.80			(5.44	)

Distributions to shareholders from:
Net investment income			(0.71	)		(1.32	)		(1.26	)		(1.04	)			(0.43	)		(0.75	)		(0.74	)

Net asset value at end of period		$	308.18		$	280.53		$	214.07		$	193.66			$	178.78		$	175.84		$	143.79

Market price at end of period^(b)		$	308.06		$	280.73		$	214.39		$	193.67			$	178.95

Net Asset Value Total Return^(c)			10.11	%		31.76	%		11.27	%		8.91	%			1.92	%		22.85	%		(3.65	)%
Market Price Total Return^(c)			9.98	%		31.66	%		11.42	%		8.82	%			2.06	%
Ratios/Supplemental Data:
Net assets at end of period (000’s omitted)		$	1,001,595		$	813,540		$	706,437		$	706,845			$	598,911		$	650,617		$	474,494
Ratio to average net assets of:
Expenses			0.40	%^(d)		0.40	%		0.40	%		0.40	%			0.40	%^(d)		0.40	%		0.40	%
Net investment income			0.55	%^(d)		0.51	%		0.64	%		0.55	%			0.49	%^(d)		0.48	%		0.52	%
Portfolio turnover rate^(e)			13	%		20	%		23	%		23	%			12	%		24	%		28	%

^(a)	Based on average shares outstanding.

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

^(c)

^(d)	Annualized.

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

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



		66
		66

Financial Highlights—(continued)

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


	Six Months Ended October 31, 2021				Years Ended April 30,									Six Months Ended April 30,				Years EndedOctober 31,
	(Unaudited)				2021			2020			2019			2018				2017			2016
Per Share Operating Performance:
Net asset value at beginning of period		$	185.25		$	109.44		$	126.03		$	115.01			$	113.29		$	90.92		$	85.30

Net investment income^(a)			0.70			1.31			1.83			1.53				0.62			1.24			1.40
Net realized and unrealized gain (loss) on investments			8.94			75.87			(16.57	)		11.15				1.73			22.50			5.57

Total from investment operations			9.64			77.18			(14.74	)		12.68				2.35			23.74			6.97

Distributions to shareholders from:
Net investment income			(0.68	)		(1.37	)		(1.85	)		(1.66	)			(0.63	)		(1.37	)		(1.35	)

Net asset value at end of period		$	194.21		$	185.25		$	109.44		$	126.03			$	115.01		$	113.29		$	90.92

Market price at end of period^(b)		$	194.12		$	185.17		$	109.50		$	126.01			$	115.03

Net Asset Value Total Return^(c)			5.22	%		70.89	%		(11.70	)%		11.21	%			2.05	%		26.21	%		8.25	%
Market Price Total Return^(c)			5.21	%		70.73	%		(11.64	)%		11.17	%			2.00	%
Ratios/Supplemental Data:
Net assets at end of period (000’s omitted)		$	444,746		$	557,591		$	142,273		$	245,750			$	281,763		$	226,584		$	127,288
Ratio to average net assets of:
Expenses			0.40	%^(d)		0.40	%		0.40	%		0.40	%			0.40	%^(d)		0.40	%		0.40	%
Net investment income			0.73	%^(d)		0.89	%		1.46	%		1.29	%			1.05	%^(d)		1.18	%		1.60	%
Portfolio turnover rate^(e)			7	%		19	%		23	%		28	%			7	%		18	%		23	%

^(a)	Based on average shares outstanding.

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

^(c)

^(d)	Annualized.

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

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



		67
		67

Financial Highlights—(continued)

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


	Six Months Ended October 31, 2021				Years Ended April 30,									Six Months Ended April 30,				Years Ended October 31,
	(Unaudited)				2021			2020			2019			2018				2017			2016
Per Share Operating Performance:
Net asset value at beginning of period		$	165.34		$	94.33		$	108.11		$	106.31			$	107.79		$	84.46		$	79.97

Net investment income^(a)			1.23			2.48			2.10			1.79				0.70			1.49			1.29
Net realized and unrealized gain (loss) on investments			4.49			70.77			(13.65	)		1.97				(1.50	)		23.28			4.49

Total from investment operations			5.72			73.25			(11.55	)		3.76				(0.80	)		24.77			5.78

Distributions to shareholders from:
Net investment income			(1.26	)		(2.24	)		(2.23	)		(1.96	)			(0.68	)		(1.44	)		(1.29	)

Net asset value at end of period		$	169.80		$	165.34		$	94.33		$	108.11			$	106.31		$	107.79		$	84.46

Market price at end of period^(b)		$	169.82		$	165.42		$	94.49		$	108.16			$	106.31

Net Asset Value Total Return^(c)			3.51	%		78.45	%		(10.70	)%		3.67	%			(0.77	)%		29.52	%		7.29	%
Market Price Total Return^(c)			3.47	%		78.24	%		(10.58	)%		3.70	%			(0.91	)%
Ratios/Supplemental Data:
Net assets at end of period (000’s omitted)		$	453,353		$	613,416		$	108,480		$	129,728			$	180,726		$	194,020		$	84,463
Ratio to average net assets of:
Expenses			0.40	%^(d)		0.40	%		0.40	%		0.40	%			0.40	%^(d)		0.40	%		0.40	%
Net investment income			1.45	%^(d)		1.83	%		1.99	%		1.69	%			1.28	%^(d)		1.54	%		1.57	%
Portfolio turnover rate^(e)			6	%		18	%		25	%		23	%			6	%		22	%		25	%

^(a)	Based on average shares outstanding.

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

^(c)

^(d)	Annualized.

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

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



		68
		68

Financial Highlights—(continued)

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


	Six Months Ended October 31, 2021				Years Ended April 30,									Six Months Ended April 30,				Years Ended October 31,
	(Unaudited)				2021			2020			2019			2018				2017			2016
Per Share Operating Performance:
Net asset value at beginning of period		$	35.09		$	25.65		$	29.71		$	25.96			$	27.29		$	25.81		$	25.63

Net investment income^(a)			0.44			0.67	^(b)		0.72			0.69				0.44			0.54			0.70
Net realized and unrealized gain (loss) on investments			3.94			9.93			(3.62	)		3.97				(1.20	)		1.59			(0.08	)

Total from investment operations			4.38			10.60			(2.90	)		4.66				(0.76	)		2.13			0.62

Distributions to shareholders from:
Net investment income			(0.42	)		(1.16	)		(1.03	)		(0.85	)			(0.35	)		(0.65	)		(0.44	)
Net realized gains			-			-			(0.13	)		(0.06	)			(0.22	)		-			-

Total distributions			(0.42	)		(1.16	)		(1.16	)		(0.91	)			(0.57	)		(0.65	)		(0.44	)

Net asset value at end of period		$	39.05		$	35.09		$	25.65		$	29.71			$	25.96		$	27.29		$	25.81

Market price at end of period^(c)		$	39.10		$	35.12		$	25.65		$	29.75			$	25.96

Net Asset Value Total Return^(d)			12.54	%		42.37	%		(9.59	)%		18.35	%			(2.93	)%		8.33	%		2.39	%
Market Price Total Return^(d)			12.58	%		42.50	%		(9.71	)%		18.51	%			(2.35	)%
Ratios/Supplemental Data:
Net assets at end of period (000’s omitted)		$	108,963		$	45,263		$	23,084		$	37,143			$	16,873		$	24,561		$	36,135
Ratio to average net assets of:
Expenses			0.40	%^(e)		0.40	%		0.41	%^(f)		0.40	%			0.41	%^(e)		0.41	%		0.37	%
Net investment income			2.33	%^(e)		2.36	%^(b)		2.37	%^(f)		2.46	%			3.28	%^(e)		2.00	%		2.70	%
Portfolio turnover rate^(g)			6	%		21	%		15	%		14	%			2	%		24	%		10	%

^(a)	Based on average shares outstanding.

^(b)

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

^(d)

^(e)	Annualized.

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

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

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



		69
		69

Financial Highlights—(continued)

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


	Six Months Ended October 31, 2021				Years Ended April 30,									Six Months Ended April 30,				Years Ended October 31,
	(Unaudited)				2021			2020			2019			2018				2017			2016
Per Share Operating Performance:
Net asset value at beginning of period		$	277.30		$	183.15		$	180.69		$	150.94			$	142.44		$	104.67		$	93.16

Net investment income^(a)			0.77			1.87			3.15	^(b)		1.57				0.56			1.16			1.47
Net realized and unrealized gain on investments			27.41			95.21			1.50			29.78				8.56			37.61			11.48

Total from investment operations			28.18			97.08			4.65			31.35				9.12			38.77			12.95

Distributions to shareholders from:
Net investment income			(0.73	)		(2.93	)		(2.19	)		(1.60	)			(0.62	)		(1.00	)		(1.44	)

Net asset value at end of period		$	304.75		$	277.30		$	183.15		$	180.69			$	150.94		$	142.44		$	104.67

Market price at end of period^(c)		$	304.57		$	277.24		$	183.44		$	180.66			$	151.10

Net Asset Value Total Return^(d)			10.20	%		53.40	%		2.73	%		20.92	%			6.40	%		37.19	%		14.06	%
Market Price Total Return^(d)			10.16	%		53.12	%		2.91	%		20.77	%			6.48	%
Ratios/Supplemental Data:
Net assets at end of period (000’s omitted)		$	2,861,616		$	2,590,019		$	1,529,343		$	1,788,846			$	1,615,066		$	1,509,833		$	915,879
Ratio to average net assets of:
Expenses			0.40	%^(e)		0.40	%		0.40	%		0.40	%			0.40	%^(e)		0.40	%		0.40	%
Net investment income			0.53	%^(e)		0.81	%		1.73	%^(b)		0.98	%			0.76	%^(e)		0.95	%^(e)		1.55	%
Portfolio turnover rate^(f)			9	%		25	%		23	%		27	%			10	%		19	%		24	%

^(a)	Based on average shares outstanding.

^(b)

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

^(d)

^(e)	Annualized.

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

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



		70
		70

Financial Highlights—(continued)

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


	Six Months Ended October 31, 2021				Years Ended April 30,									Six Months Ended April 30,				Years Ended October 31,
	(Unaudited)				2021			2020			2019			2018				2017			2016
Per Share Operating Performance:
Net asset value at beginning of period		$	108.06		$	92.31		$	97.25		$	84.51			$	88.52		$	81.10		$	73.29

Net investment income^(a)			1.34			2.70			2.77			2.67				1.38			2.54			2.49
Net realized and unrealized gain (loss) on investments			(1.60	)		16.05			(4.99	)		12.69				(3.92	)		7.44			7.81

Total from investment operations			(0.26	)		18.75			(2.22	)		15.36				(2.54	)		9.98			10.30

Distributions to shareholders from:
Net investment income			(1.40	)		(3.00	)		(2.72	)		(2.62	)			(1.47	)		(2.56	)		(2.49	)

Net asset value at end of period		$	106.40		$	108.06		$	92.31		$	97.25			$	84.51		$	88.52		$	81.10

Market price at end of period^(b)		$	106.62		$	107.84		$	92.52		$	97.23			$	84.45

Net Asset Value Total Return^(c)			(0.23	)%		20.80	%		(2.28	)%		18.54	%			(2.88	)%		12.51	%		14.13	%
Market Price Total Return^(c)			0.19	%		20.28	%		(2.04	)%		18.60	%			(2.92	)%
Ratios/Supplemental Data:
Net assets at end of period (000’s omitted)		$	251,107		$	208,557		$	300,013		$	335,499			$	139,434		$	168,180		$	210,865
Ratio to average net assets of:
Expenses			0.40	%^(d)		0.40	%		0.40	%		0.40	%			0.40	%^(d)		0.40	%		0.40	%
Net investment income			2.49	%^(d)		2.77	%		2.72	%		2.96	%			3.29	%^(d)		3.01	%		3.09	%
Portfolio turnover rate^(e)			7	%		10	%		11	%		27	%			7	%		11	%		22	%

^(a)	Based on average shares outstanding.

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

^(c)

^(d)	Annualized.

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

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



		71
		71

Financial Highlights—(continued)

Invesco S&P MidCap 400^® Equal Weight ETF (EWMC)


	Six Months Ended October 31, 2021				Years Ended April 30,									Six Months Ended April 30,				Years Ended October 31,
	(Unaudited)				2021			2020			2019			2018				2017			2016
Per Share Operating Performance:
Net asset value at beginning of period		$	92.63		$	53.10		$	66.18		$	63.30			$	62.00		$	51.40		$	49.09

Net investment income^(a)			0.51			0.75			0.89			0.77				0.42			0.60			0.66
Net realized and unrealized gain (loss) on investments			1.62			39.56			(12.99	)		2.96				1.30			10.59			2.30

Total from investment operations			2.13			40.31			(12.10	)		3.73				1.72			11.19			2.96

Distributions to shareholders from:
Net investment income			(0.45	)		(0.78	)		(0.98	)		(0.85	)			(0.42	)		(0.59	)		(0.65	)

Net asset value at end of period		$	94.31		$	92.63		$	53.10		$	66.18			$	63.30		$	62.00		$	51.40

Market price at end of period^(b)		$	94.33		$	92.64		$	52.87		$	66.19			$	63.29

Net Asset Value Total Return^(c)			2.32	%		76.41	%		(18.24	)%		5.96	%			2.76	%		21.82	%		6.08	%
Market Price Total Return^(c)			2.33	%		77.20	%		(18.60	)%		5.99	%			2.74	%
Ratios/Supplemental Data:
Net assets at end of period (000’s omitted)		$	130,150		$	113,933		$	53,095		$	105,893			$	104,438		$	114,692		$	89,944
Ratio to average net assets of:
Expenses			0.40	%^(d)		0.40	%		0.41	%^(e)		0.40	%			0.40	%^(d)		0.41	%		0.41	%
Net investment income			1.10	%^(d)		1.06	%		1.42	%^(e)		1.19	%			1.33	%^(d)		1.02	%		1.35	%
Portfolio turnover rate^(f)			14	%		33	%		32	%		30	%			9	%		26	%		101	%

^(a)	Based on average shares outstanding.

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

^(c)

^(d)	Annualized.

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

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

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



		72
		72

Financial Highlights—(continued)

Invesco S&P SmallCap 600^® Equal Weight ETF (EWSC)


	Six Months Ended October 31, 2021				Years Ended April 30,									Six Months Ended April 30,				Years Ended October 31,
	(Unaudited)				2021			2020			2019			2018				2017			2016
Per Share Operating Performance:
Net asset value at beginning of period		$	81.19		$	42.63		$	55.83		$	54.92			$	52.78		$	42.47		$	41.84

Net investment income^(a)			0.47			0.59			0.62			0.59				0.29			0.47			0.32
Net realized and unrealized gain (loss) on investments			2.05			38.62			(12.84	)		0.80				2.15			10.27			0.67

Total from investment operations			2.52			39.21			(12.22	)		1.39				2.44			10.74			0.99

Distributions to shareholders from:
Net investment income			(0.40	)		(0.65	)		(0.98	)		(0.48	)			(0.30	)		(0.43	)		(0.36	)

Net asset value at end of period		$	83.31		$	81.19		$	42.63		$	55.83			$	54.92		$	52.78		$	42.47

Market price at end of period^(b)		$	83.24		$	81.20		$	42.39		$	55.63			$	55.02

Net Asset Value Total Return^(c)			3.13	%		92.69	%		(22.17	)%		2.55	%			4.62	%		25.32	%		2.39	%
Market Price Total Return^(c)			3.03	%		93.79	%		(22.33	)%		2.00	%			4.55	%
Ratios/Supplemental Data:
Net assets at end of period (000’s omitted)		$	74,149		$	58,458		$	21,316		$	36,287			$	30,208		$	31,666		$	33,978
Ratio to average net assets of:
Expenses			0.40	%^(d)		0.40	%		0.42	%^(e)		0.40	%			0.40	%^(d)		0.41	%		0.41	%
Net investment income			1.14	%^(d)		0.99	%		1.20	%^(e)		1.05	%			1.10	%^(d)		0.96	%		0.80	%
Portfolio turnover rate^(f)			14	%		40	%		42	%		34	%			10	%		24	%		96	%

^(a)	Based on average shares outstanding.

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

^(c)

^(d)	Annualized.

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

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

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



		73
		73

Notes to Financial Statements

Invesco Exchange-Traded Fund Trust

October 31, 2021

(Unaudited)

NOTE 1–Organization

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


Full Name		Short Name

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

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

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

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

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

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

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

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

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

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

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

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

Invesco S&P MidCap 400^®Equal Weight ETF (EWMC)		“S&P MidCap 400^®Equal Weight ETF”

Invesco S&P SmallCap 600^®Equal Weight ETF (EWSC)		“S&P SmallCap 600^®Equal Weight ETF”

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

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

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


Fund		Underlying Index

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

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

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

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

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

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

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

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

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

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

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

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

S&P MidCap 400^®Equal Weight ETF		S&P MidCap 400^®Equal Weight Index

S&P SmallCap 600^®Equal Weight ETF		S&P SmallCap 600^®Equal Weight Index

NOTE 2–Significant Accounting Policies

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

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

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

A security listed or traded on an exchange (except convertible securities) is generally valued at its last sales price or official closing price as of the close of the customary trading session on the exchange where the security is principally traded or, lacking any sales or official closing price on a particular day, the security may be valued at the closing bid price on that day. Securities traded in the over-the-counter market are valued based on prices furnished by independent pricing services or market makers. When such securities are valued by an independent pricing service they may be considered fair valued. Futures contracts are valued at the final settlement price set by an exchange on which they are principally traded. Listed options are valued at the mean between the last bid and asked prices from the exchange on which they are principally traded, or at the final settlement price set by such exchange. Swaps and options not listed on an exchange are valued by an independent source. For purposes of determining NAV per Share, futures and option contracts generally are valued 15 minutes after the close of the customary trading session of the New York Stock Exchange (“NYSE”).

Investment companies are valued using such company’s NAV per share, unless the shares are exchange-traded, in which case they are valued at the last sales price or official closing price as of the close of the customary trading session on the exchange where the security is principally traded.

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

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

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

Securities for which market quotations are not readily available or became unreliable are valued at fair value as determined in good faith following procedures approved by the Board of Trustees. Issuer-specific events, market trends, bid/asked quotes of brokers and information providers and other market data may be reviewed in the course of making a good faith determination of a security’s fair value.

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

Valuations change in response to many factors, including the historical and prospective earnings of the issuer, the value of the issuer’s assets, general market conditions which are not specifically related to the particular issuer, such as real or perceived adverse economic conditions, changes in the general outlook for revenues or corporate earnings, changes in

interest or currency rates, regional or global instability, natural or environmental disasters, widespread disease or other public health issues, war, acts of terrorism or adverse investor sentiment generally and market liquidity. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

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

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

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

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

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

Federal Income Taxes - Each Fund intends to comply with the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”), necessary to qualify as a regulated investment company and to distribute substantially all of the Fund’s taxable earnings to shareholders. As such, the Funds will not be subject to federal income taxes on otherwise taxable income (including net realized capital gain) that is distributed to shareholders. Therefore, no provision for federal income taxes is recorded in the financial statements.

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

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

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

Expenses - Each Fund has agreed to pay an annual unitary management fee to the Adviser. Out of the unitary management fee, the Adviser has agreed to pay for substantially all expenses of the Funds, including the costs of transfer agency, custody, fund administration, legal, audit and other services, except for distribution fees, if any, brokerage expenses, taxes, interest,

acquired fund fees and expenses, if any, litigation expenses and other extraordinary expenses, including proxy expenses (except for such proxies related to: (i) changes to the Investment Advisory Agreement, (ii) the election of any Board member who is an “interested person” of the Trust, or (iii) any other matters that directly benefit the Adviser).

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

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

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

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

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

On September 14, 2021, the Board of Trustees appointed Invesco Advisers, Inc. (“Invesco”), an affiliate of the Adviser, to serve as an affiliated securities lending agent for each Fund participating in the securities lending program. BNY Mellon (“BNYM”) also continues to serve as a lending agent. Prior to September 14, 2021, BNYM served as the sole securities lending agent for each Fund under the securities lending program. To the extent a Fund utilizes Invesco as an affiliated securities lending agent, the Fund conducts its securities lending in accordance with, and in reliance upon, no-action letters issued by the SEC staff that provide guidance on how an affiliate may act as a direct agent lender and receive compensation for those services in a manner consistent with the federal securities laws. For the six months ended October 31, 2021, S&P 500^® Equal Weight ETF had affiliated securities lending transactions with Invesco and the fees paid to Invesco by the Fund were less than $100.

J.	Other Risks

Authorized Participant Concentration Risk. Only authorized participants (“APs”) may engage in creation or redemption transactions directly with each Fund. Each Fund has a limited number of institutions that may act as APs, and such APs have no obligation to submit creation or redemption orders. Consequently, there is no assurance that APs will establish or maintain

an active trading market for the Shares. This risk may be heightened to the extent that securities held by each Fund are traded outside a collateralized settlement system. In that case, APs may be required to post collateral on certain trades on an agency basis (i.e., on behalf of other market participants), which only a limited number of APs may be able to do. In addition, to the extent that APs exit the business or are unable to proceed with creation and/or redemption orders with respect to each Fund and no other AP is able to step forward to create or redeem Creation Units, this may result in a significantly diminished trading market for Fund Shares, and Shares may be more likely to trade at a premium or discount to a Fund’s NAV and to face trading halts and/or delisting. Investments in non-U.S. securities, which may have lower trading volumes, may increase this risk.

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

Index Risk. Unlike many investment companies, each Fund does not utilize an investing strategy that seeks returns in excess of its Underlying Index. Therefore, a Fund would not necessarily buy or sell a security unless that security is added or removed, respectively, from its Underlying Index, even if that security generally is underperforming. Additionally, each Fund rebalances its portfolio in accordance with its Underlying Index, and, therefore, any changes to the Underlying Index’s rebalance schedule will result in corresponding changes to each Fund’s rebalance schedule.

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

Market Risk. Securities in the Underlying Index are subject to market fluctuations. You should anticipate that the value of the Shares will decline, more or less, in correlation with any decline in value of the securities in the Underlying Index. Additionally, natural or environmental disasters, widespread disease or other public health issues, war, acts of terrorism or other events could result in increased premiums or discounts to each Fund’s NAV.

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

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

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

tax law may have adverse consequences to the REIT’s shareholders. In addition, REITs may have expenses, including advisory and administration expenses, and REIT shareholders will incur a proportionate share of the underlying expenses.

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

COVID-19 Risk. The COVID-19 strain of coronavirus has resulted in instances of market closures and dislocations, extreme volatility, liquidity constraints and increased trading costs. Efforts to contain its spread have resulted in travel restrictions, disruptions of healthcare systems, business operations and supply chains, layoffs, lower consumer demand, and defaults, among other significant economic impacts that have disrupted global economic activity across many industries. Such economic impacts may exacerbate other pre-existing political, social and economic risks locally or globally.

The ongoing effects of COVID-19 are unpredictable and may result in significant and prolonged effects on the Funds’ performance.

NOTE 3–Investment Advisory Agreement and Other Agreements

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

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


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

S&P 500^®Equal Weight ETF		0.20%

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

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

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

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

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

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

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

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

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

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

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

S&P MidCap 400^®Equal Weight ETF		0.40%

S&P SmallCap 600^®Equal Weight ETF		0.40%

Further, through at least August 31, 2023, the Adviser has contractually agreed to waive the management fee payable by each Fund in an amount equal to the lesser of: (i) 100% of the net advisory fees earned by the Adviser or an affiliate of the Adviser that are attributable to the Fund’s investments in money market funds that are managed by affiliates of the Adviser and other funds (including ETFs) managed by the Adviser or affiliates of the Adviser or (ii) the management fee available to be waived. These waivers do not apply to a Fund’s investment of cash collateral received for securities lending. There is no guarantee that the Adviser will extend the waiver of these fees past that date.

For the six months ended October 31, 2021, the Adviser waived fees and/or paid Fund expenses for each Fund in the following amounts:



S&P 500^®Equal Weight ETF	$	93

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

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

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

S&P 500^®Equal Weight Energy ETF		-

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



		79
		79



S&P 500^®Equal Weight Financials ETF	$	-

S&P 500^®Equal Weight Health Care ETF		1

S&P 500^®Equal Weight Industrials ETF		-

S&P 500^®Equal Weight Materials ETF		1

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

S&P 500^®Equal Weight Technology ETF		28

S&P 500^®Equal Weight Utilities ETF		-

S&P MidCap 400^®Equal Weight ETF		-

S&P SmallCap 600^®Equal Weight ETF		-

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

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

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

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

For the six months ended October 31, 2021, the following Funds incurred brokerage commissions with Invesco Capital Markets, Inc. (“ICMI”), an affiliate of the Adviser and Distributor, for portfolio transactions executed on behalf of the Funds, as listed below:



S&P 500^®Equal Weight ETF	$	78,386

S&P 500^®Equal Weight Communication Services ETF		812

S&P 500^®Equal Weight Consumer Discretionary ETF		10,717

S&P 500^®Equal Weight Consumer Staples ETF		4,160

S&P 500^®Equal Weight Energy ETF		11,804

S&P 500^®Equal Weight Financials ETF		4,448

S&P 500^®Equal Weight Health Care ETF		6,410

S&P 500^®Equal Weight Industrials ETF		4,160

S&P 500^®Equal Weight Materials ETF		3,833

S&P 500^®Equal Weight Real Estate ETF		427

S&P 500^®Equal Weight Technology ETF		12,386

S&P 500^®Equal Weight Utilities ETF		2,909

S&P MidCap 400^®Equal Weight ETF		3,232

S&P SmallCap 600^®Equal Weight ETF		2,574

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

NOTE 4–Security Transactions with Affiliated Funds

Each Fund is permitted to purchase or sell securities from or to certain other affiliated funds under specified conditions outlined in procedures adopted by the Board of Trustees of the Trust. The procedures have been designed to ensure that any purchase or sale of securities by each Fund from or to another fund or portfolio that is or could be considered an affiliate by virtue of having a common investment adviser (or affiliated investment advisers), common Trustees and/or common officers complies with Rule 17a-7 of the 1940 Act. Further, as defined under the procedures, each transaction is effected at the current market price.

For the six months ended October 31, 2021, the following Funds engaged in transactions with affiliates as listed below:


	Securities Purchases		Securities Sales		Net Realized Gains (Losses)*

S&P 500^®Equal Weight ETF		$7,217,365		$2,398,775		$(106,159	)

S&P 500^®Equal Weight Consumer Discretionary ETF		-		75,815		13,928

S&P 500^®Equal Weight Energy ETF		-		266,070		(283,631	)

S&P 500^®Equal Weight Health Care ETF		1,666,367		487,672		(9,903	)

S&P 500^®Equal Weight Technology ETF		7,937,397		-		-

S&P 500^®Equal Weight Utilities ETF		-		44,541		3,617


	Securities Purchases			Securities Sales			Net Realized Gains (Losses)*

S&P MidCap 400^®Equal Weight ETF		$	1,611,448		$	1,528,268		$	361,440
S&P SmallCap 600^®Equal Weight ETF			457,456			133,225			69,334

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

NOTE 5–Additional Valuation Information

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


Level 1 –		Prices are determined using quoted prices in an active market for identical assets.

Level 2 –		Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others.

Level 3 –		Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect a Fund’s own assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.

The following is a summary of the tiered valuation input levels, as of October 31, 2021, for each Fund (except for S&P 500^® Equal Weight Energy ETF and S&P 500^® Equal Weight Utilities ETF). As of October 31, 2021, all of the securities in S&P 500^® Equal Weight Energy ETF and S&P 500^® Equal Weight Utilities ETF were valued based on Level 1 inputs (see the Schedules of Investments for security categories). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.


	Level 1		Level 2		Level 3		Total

S&P 500^®Equal Weight ETF

Investments in Securities

Common Stocks & Other Equity Interests	$	30,555,155,900	$	-		$-	$	30,555,155,900

Money Market Funds		110,264		1,120,877,143		-		1,120,987,407


Total Investments	$	30,555,266,164	$	1,120,877,143		$-	$	31,676,143,307


S&P 500^®Equal Weight Communication Services ETF

Investments in Securities

Common Stocks & Other Equity Interests	$	41,523,023	$	-		$-	$	41,523,023

Money Market Funds		1,903		357,300		-		359,203


Total Investments	$	41,524,926	$	357,300		$-	$	41,882,226


S&P 500^®Equal Weight Consumer Discretionary ETF

Investments in Securities

Common Stocks & Other Equity Interests	$	567,566,842	$	-		$-	$	567,566,842

Money Market Funds		22,229		39,104,287		-		39,126,516


Total Investments	$	567,589,071	$	39,104,287		$-	$	606,693,358


S&P 500^®Equal Weight Consumer Staples ETF

Investments in Securities

Common Stocks & Other Equity Interests	$	449,554,934	$	-		$-	$	449,554,934

Money Market Funds		-		16,786,870		-		16,786,870


Total Investments	$	449,554,934	$	16,786,870		$-	$	466,341,804


S&P 500^®Equal Weight Financials ETF

Investments in Securities

Common Stocks & Other Equity Interests	$	492,907,849	$	-		$-	$	492,907,849

Money Market Funds		-		13,848,122		-		13,848,122


Total Investments	$	492,907,849	$	13,848,122		$-	$	506,755,971



		81
		81


	Level 1		Level 2		Level 3		Total

S&P 500^®Equal Weight Health Care ETF

Investments in Securities

Common Stocks & Other Equity Interests	$	1,001,385,400	$	-		$-	$	1,001,385,400

Money Market Funds		47,429		7,134,061		-		7,181,490


Total Investments	$	1,001,432,829	$	7,134,061		$-	$	1,008,566,890


S&P 500^®Equal Weight Industrials ETF

Investments in Securities

Common Stocks & Other Equity Interests	$	444,593,822	$	-		$-	$	444,593,822

Money Market Funds		121,361		12,206,857		-		12,328,218


Total Investments	$	444,715,183	$	12,206,857		$-	$	456,922,040


S&P 500^®Equal Weight Materials ETF

Investments in Securities

Common Stocks & Other Equity Interests	$	453,247,449	$	-		$-	$	453,247,449

Money Market Funds		562		9,186,950		-		9,187,512


Total Investments	$	453,248,011	$	9,186,950		$-	$	462,434,961


S&P 500^®Equal Weight Real Estate ETF

Investments in Securities

Common Stocks & Other Equity Interests	$	108,878,379	$	-		$-	$	108,878,379

Money Market Funds		95,476		2,756,773		-		2,852,249


Total Investments	$	108,973,855	$	2,756,773		$-	$	111,730,628


S&P 500^®Equal Weight Technology ETF

Investments in Securities

Common Stocks & Other Equity Interests	$	2,860,928,870	$	-		$-	$	2,860,928,870

Money Market Funds		1,023,406		31,152,744		-		32,176,150


Total Investments	$	2,861,952,276	$	31,152,744		$-	$	2,893,105,020


S&P MidCap 400^®Equal Weight ETF

Investments in Securities

Common Stocks & Other Equity Interests	$	130,084,091	$	-		$-	$	130,084,091

Money Market Funds		60,472		12,674,821		-		12,735,293


Total Investments	$	130,144,563	$	12,674,821		$-	$	142,819,384


S&P SmallCap 600^®Equal Weight ETF

Investments in Securities

Common Stocks & Other Equity Interests	$	74,060,045	$	-		$-	$	74,060,045

Money Market Funds		84,232		9,262,265		-		9,346,497


Total Investments	$	74,144,277	$	9,262,265		$-	$	83,406,542

NOTE 6–Tax Information

The amount and character of income and gains to be distributed are determined in accordance with federal income tax regulations, which may differ from GAAP. Reclassifications are made to the Funds’ capital accounts to reflect income and gains available for distribution (or available capital loss carryforwards) under federal income tax regulations. The tax character of distributions paid during the year and the tax components of net assets will be reported at the Funds’ fiscal year-end.

Capital loss carryforwards are calculated and reported as of a specific date. Results of transactions and other activity after that date may affect the amount of capital loss carryforwards actually available for the Funds to utilize. The ability to utilize capital loss carryforwards in the future may be limited under the Internal Revenue Code and related regulations based on the results of future transactions.

The Funds had capital loss carryforwards as of April 30, 2021, as follows:


	No expiration

	Short-Term		Long-Term		Total*

S&P 500^®Equal Weight ETF	$	255,272,564	$	1,842,443,742	$	2,097,716,306

S&P 500^®Equal Weight Communication Services ETF		715,380		249,521		964,901

S&P 500^®Equal Weight Consumer Discretionary ETF		2,311,530		28,478,742		30,790,272

S&P 500^®Equal Weight Consumer Staples ETF		12,514,656		58,276,971		70,791,627



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	No expiration

	Short-Term		Long-Term		Total*

S&P 500^®Equal Weight Energy ETF	$	27,511,713	$	132,415,615	$	159,927,328

S&P 500^®Equal Weight Financials ETF		5,088,486		24,907,099		29,995,585

S&P 500^®Equal Weight Health Care ETF		6,600,028		68,983,217		75,583,245

S&P 500^®Equal Weight Industrials ETF		6,522,353		23,249,530		29,771,883

S&P 500^®Equal Weight Materials ETF		2,292,642		19,319,330		21,611,972

S&P 500^®Equal Weight Real Estate ETF		618,983		1,625,642		2,244,625

S&P 500^®Equal Weight Technology ETF		31,136,375		102,859,336		133,995,711

S&P 500^®Equal Weight Utilities ETF		11,418,300		16,887,968		28,306,268

S&P MidCap 400^®Equal Weight ETF		9,506,430		18,326,431		27,832,861

S&P SmallCap 600^®Equal Weight ETF		8,567,186		12,167,081		20,734,267

*	Capital loss carryforwards are reduced for limitations, if any, to the extent required by the Internal Revenue Code and may be further limited depending upon a variety of factors, including the realization of net unrealized gains or losses as of the date of any reorganization.

NOTE 7–Investment Transactions

For the six months ended October 31, 2021, the cost of securities purchased and the proceeds from sales of securities (other than short-term securities, U.S. Government obligations, money market funds and in-kind transactions, if any) were as follows:


	Purchases		Sales

S&P 500^®Equal Weight ETF	$	2,151,837,691	$	2,108,601,540

S&P 500^®Equal Weight Communication Services ETF		4,107,025		4,090,160

S&P 500^®Equal Weight Consumer Discretionary ETF		75,689,954		75,541,560

S&P 500^®Equal Weight Consumer Staples ETF		31,616,848		31,340,119

S&P 500^®Equal Weight Energy ETF		94,471,530		60,721,294

S&P 500^®Equal Weight Financials ETF		28,019,181		27,217,212

S&P 500^®Equal Weight Health Care ETF		116,612,717		115,876,676

S&P 500^®Equal Weight Industrials ETF		34,135,254		34,368,156

S&P 500^®Equal Weight Materials ETF		30,776,854		30,902,649

S&P 500^®Equal Weight Real Estate ETF		4,506,376		4,516,205

S&P 500^®Equal Weight Technology ETF		246,040,369		246,620,613

S&P 500^®Equal Weight Utilities ETF		14,218,342		14,374,420

S&P MidCap 400^®Equal Weight ETF		18,827,211		18,327,629

S&P SmallCap 600^®Equal Weight ETF		10,029,726		9,318,588

For the six months ended October 31, 2021, in-kind transactions associated with creations and redemptions were as follows:


	In-kind Purchases		In-kind Sales

S&P 500^®Equal Weight ETF	$	6,875,059,629	$	4,705,136,894

S&P 500^®Equal Weight Communication Services ETF		17,365,847		17,726,586

S&P 500^®Equal Weight Consumer Discretionary ETF		296,696,628		712,641,032

S&P 500^®Equal Weight Consumer Staples ETF		16,068,230		27,045,504

S&P 500^®Equal Weight Energy ETF		97,500,746		53,544,913

S&P 500^®Equal Weight Financials ETF		155,831,823		74,817,767

S&P 500^®Equal Weight Health Care ETF		222,779,870		115,331,371

S&P 500^®Equal Weight Industrials ETF		91,017,174		226,707,812

S&P 500^®Equal Weight Materials ETF		142,151,808		308,870,986

S&P 500^®Equal Weight Real Estate ETF		68,235,583		12,052,192

S&P 500^®Equal Weight Technology ETF		396,704,601		376,109,144

S&P 500^®Equal Weight Utilities ETF		50,728,937		4,342,310

S&P MidCap 400^®Equal Weight ETF		40,474,666		26,709,521

S&P SmallCap 600^®Equal Weight ETF		26,376,453		12,902,834

Gains (losses) on in-kind transactions are generally not considered taxable gains (losses) for federal income tax purposes.



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At October 31, 2021, the aggregate cost of investments, including any derivatives, on a tax basis includes adjustments for financial reporting purposes as of the most recently completed federal income tax reporting period-end:


	Gross Unrealized Appreciation		Gross Unrealized (Depreciation)			Net Unrealized Appreciation (Depreciation)			Cost

S&P 500^®Equal Weight ETF	$	5,441,690,972	$	(458,085,350	)	$	4,983,605,622		$	26,692,537,685

S&P 500^®Equal Weight Communication Services ETF		2,737,355		(3,063,123	)		(325,768	)		42,207,994

S&P 500^®Equal Weight Consumer Discretionary ETF		43,922,099		(31,217,605	)		12,704,494			593,988,864

S&P 500^®Equal Weight Consumer Staples ETF		58,266,434		(18,151,817	)		40,114,617			426,227,187

S&P 500^®Equal Weight Energy ETF		32,759,281		(3,888,145	)		28,871,136			238,177,593

S&P 500^®Equal Weight Financials ETF		76,335,510		(3,777,787	)		72,557,723			434,198,248

S&P 500^®Equal Weight Health Care ETF		245,011,455		(16,244,993	)		228,766,462			779,800,428

S&P 500^®Equal Weight Industrials ETF		62,749,486		(6,322,303	)		56,427,183			400,494,857

S&P 500^®Equal Weight Materials ETF		46,937,377		(10,935,667	)		36,001,710			426,433,251

S&P 500^®Equal Weight Real Estate ETF		9,458,273		(1,858,446	)		7,599,827			104,130,801

S&P 500^®Equal Weight Technology ETF		831,401,444		(39,575,167	)		791,826,277			2,101,278,743

S&P 500^®Equal Weight Utilities ETF		20,673,151		(6,944,987	)		13,728,164			237,150,698

S&P MidCap 400^®Equal Weight ETF		22,606,049		(2,646,756	)		19,959,293			122,860,091

S&P SmallCap 600^®Equal Weight ETF		9,139,576		(3,217,660	)		5,921,916			77,484,626

NOTE 8–Trustees’ and Officer’s Fees

Trustees’ and Officer’s Fees include amounts accrued by the Funds to pay remuneration to the Independent Trustees and an Officer of the Trust. The Adviser, as a result of each Fund’s unitary management fee, pays for such compensation for the Funds. The Trustee who is an “interested person” of the Trust does not receive any Trustees’ fees.

The Trust has adopted a deferred compensation plan (the “Plan”). Under the Plan, each Independent Trustee who has executed a Deferred Fee Agreement (a “Participating Trustee”) may defer receipt of all or a portion of their compensation (“Deferral Fees”). Such Deferral Fees are deemed to be invested in select Invesco ETFs. The Deferral Fees payable to a Participating Trustee are valued as of the date such Deferral Fees would have been paid to a Participating Trustee. The value increases with contributions or with increases in the value of the Shares selected, and the value decreases with distributions or with declines in the value of the Shares selected. Obligations under the Plan represent unsecured claims against the general assets of the Funds.

NOTE 9–Capital

Shares are issued and redeemed by each Fund only in Creation Units consisting of a specified number of Shares as set forth in each Fund’s prospectus. Only Authorized Participants are permitted to purchase or redeem Creation Units from the Funds. Such transactions are principally permitted in exchange for Deposit Securities, with a balancing cash component to equate the transaction to the NAV per Share of a Fund on the transaction date. However, for all Funds, cash in an amount equivalent to the value of certain securities may be substituted, generally when the securities are not available in sufficient quantity for delivery, not eligible for trading by the Authorized Participant or as a result of other market circumstances.

To the extent that the Funds permit transactions in exchange for Deposit Securities, each Fund may issue Shares in advance of receipt of Deposit Securities subject to various conditions, including a requirement to maintain on deposit with the Trust cash at least equal to 105% of the market value of the missing Deposit Securities. In accordance with the Trust’s Participant Agreement, Creation Units will be issued to an Authorized Participant, notwithstanding the fact that the corresponding Deposit Securities have not been received in part or in whole, in reliance on the undertaking of the Authorized Participant to deliver the missing Deposit Securities as soon as possible, which undertaking shall be secured by the Authorized Participant’s delivery and maintenance of collateral consisting of cash in the form of U.S. dollars in immediately available funds having a value (marked-to-market daily) at least equal to 105%, which the Adviser may change from time to time, of the value of the missing Deposit Securities.

Certain transaction fees may be charged by the Funds for creations and redemptions, which are treated as increases in capital. Transactions in each Fund’s Shares are disclosed in detail in the Statements of Changes in Net Assets.

NOTE 10–Subsequent Event

On December 14, 2021, the Board of Trustees approved changes to Invesco S&P 500^® Equal Weight Energy ETF’s underlying index, investment objective and principal investment strategy. The Fund’s underlying index will change to S&P 500^® Equal Weight Energy Plus Index (the “New Underlying Index”), the investment objective will change to track the investment results (before fees and expenses) of the New Underlying Index, and the principal investment strategy will change to generally invest at least 90% of its total assets in the securities that comprise the New Underlying Index. Theses changes will be effective as of the close of markets on March 18, 2022.

Calculating your ongoing Fund expenses

Example

As a shareholder of a Fund of the Invesco Exchange-Traded Fund Trust, you incur a unitary management fee. In addition to the unitary management fee, a shareholder may pay distribution fees, if any, brokerage expenses, taxes, interest, acquired fund fees and expenses, if any, litigation expenses and other extraordinary expenses, including proxy expenses (except for such proxies related to: (i) changes to the Investment Advisory Agreement, (ii) the election of any Board member who is an “interested person” of the Trust, or (iii) any other matters that directly benefit the Adviser). The expense examples below are intended to help you understand your ongoing costs (in dollars) of investing in the Funds and to compare these costs with the ongoing costs of investing in other funds.

The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period May 1, 2021 through October 31, 2021.

Actual Expenses

The first line in the following table provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading “Expenses Paid During the Six-Month Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second line in the following table provides information about hypothetical account values and hypothetical expenses based on each Fund’s actual expense ratio and an assumed annualized rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Funds and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only, and do not reflect any transactional costs, such as sales charges and brokerage commissions. Therefore, the second line in the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.


	Beginning Account Value May 1, 2021		Ending Account Value October 31, 2021		Annualized Expense Ratio Based on the Six-Month Period		Expenses Paid During the Six-Month Period⁽¹⁾

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

Actual		$1,000.00		$1,071.50		0.20%		$1.04

Hypothetical (5% return before expenses)		1,000.00		1,024.20		0.20		1.02

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

Actual		1,000.00		980.10		0.40		2.00

Hypothetical (5% return before expenses)		1,000.00		1,023.19		0.40		2.04

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

Actual		1,000.00		1,030.50		0.40		2.05

Hypothetical (5% return before expenses)		1,000.00		1,023.19		0.40		2.04

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

Actual		1,000.00		975.40		0.40		1.99

Hypothetical (5% return before expenses)		1,000.00		1,023.19		0.40		2.04

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

Actual		1,000.00		1,236.10		0.40		2.25

Hypothetical (5% return before expenses)		1,000.00		1,023.19		0.40		2.04

Calculating your ongoing Fund expenses—(continued)


	Beginning Account Value May 1, 2021		Ending Account Value October 31, 2021		Annualized Expense Ratio Based on the Six-Month Period		Expenses Paid During the Six-Month Period⁽¹⁾

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

Actual		$1,000.00		$1,103.60		0.40%		$2.12

Hypothetical (5% return before expenses)		1,000.00		1,023.19		0.40		2.04

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

Actual		1,000.00		1,101.10		0.40		2.12

Hypothetical (5% return before expenses)		1,000.00		1,023.19		0.40		2.04

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

Actual		1,000.00		1,052.20		0.40		2.07

Hypothetical (5% return before expenses)		1,000.00		1,023.19		0.40		2.04

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

Actual		1,000.00		1,035.10		0.40		2.05

Hypothetical (5% return before expenses)		1,000.00		1,023.19		0.40		2.04

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

Actual		1,000.00		1,125.40		0.40		2.14

Hypothetical (5% return before expenses)		1,000.00		1,023.19		0.40		2.04

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

Actual		1,000.00		1,102.00		0.40		2.12

Hypothetical (5% return before expenses)		1,000.00		1,023.19		0.40		2.04

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

Actual		1,000.00		997.70		0.40		2.01

Hypothetical (5% return before expenses)		1,000.00		1,023.19		0.40		2.04

Invesco S&P MidCap 400^®Equal Weight ETF (EWMC)

Actual		1,000.00		1,023.20		0.40		2.04

Hypothetical (5% return before expenses)		1,000.00		1,023.19		0.40		2.04

Invesco S&P SmallCap 600^®Equal Weight ETF (EWSC)

Actual		1,000.00		1,031.30		0.40		2.05

Hypothetical (5% return before expenses)		1,000.00		1,023.19		0.40		2.04

⁽¹⁾

Expenses are calculated using the annualized expense ratio, which represents the ongoing expenses as a percentage of net assets for the six-month period ended October 31, 2021. Expenses are calculated by multiplying the Fund’s annualized expense ratio by the average account value for the period, then multiplying the result by 184/365.

Proxy Voting Policies and Procedures

A description of the Trust’s proxy voting policies and procedures that the Funds use to determine how to vote proxies relating to portfolio securities is available, without charge and upon request, by calling (800) 983-0903. This information is also available on the Securities and Exchange Commission’s (the “Commission”) website at www.sec.gov.

Information regarding how each Fund voted proxies for portfolio securities, if applicable, during the most recent 12-month period ended June 30, is available, without charge and upon request, by (i) calling (800) 983-0903; or (ii) accessing the Trust’s Form N-PX on the Commission’s website at www.sec.gov.

Quarterly Portfolios

The Trust files its complete schedule of portfolio holdings for the Funds with the Commission for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The Forms N-PORT are available on the Commission’s website at www.sec.gov.

Frequency Distribution of Discounts and Premiums

A table showing the number of days the market price of each Fund’s shares was greater than the Fund’s net asset value, and the number of days it was less than the Fund’s net asset value (i.e., premium or discount) for the most recently completed calendar year, and the calendar quarters since that year end (or the life of the Fund, if shorter) may be found at the Fund’s website at www.invesco.com/ETFs.

3500 Lacey Road, Suite 700

Downers Grove, IL 60515

P-TRST1-SAR-2

invesco.com/ETFs