Schedule of Investments(a)
Invesco BulletShares 2025 Corporate Bond ETF (BSCP)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| U.S. Dollar Denominated Bonds & Notes-85.41% |
| |||||||
| Aerospace & Defense-1.20% |
||||||||
| Lockheed Martin Corp., 4.95%, 10/15/2025 |
$ | 7,634,000 | $ | 7,630,283 | ||||
| Precision Castparts Corp., 3.25%, 06/15/2025 |
11,756,000 | 11,750,378 | ||||||
| RTX Corp., 3.95%, 08/16/2025 |
21,576,000 | 21,532,670 | ||||||
|
|
|
|||||||
| 40,913,331 | ||||||||
|
|
|
|||||||
| Automobile Components-0.30% |
||||||||
| Magna International, Inc. (Canada), 4.15%, 10/01/2025 |
10,344,000 | 10,318,329 | ||||||
|
|
|
|||||||
| Automobiles-5.94% |
||||||||
| American Honda Finance Corp. |
||||||||
| 1.20%, 07/08/2025(b) |
9,290,000 | 9,258,062 | ||||||
| 1.00%, 09/10/2025 |
10,334,000 | 10,234,009 | ||||||
| 5.80%, 10/03/2025 |
13,661,000 | 13,715,713 | ||||||
| Ford Motor Credit Co. LLC |
||||||||
| 4.69%, 06/09/2025 |
8,630,000 | 8,629,173 | ||||||
| 5.13%, 06/16/2025 |
24,205,000 | 24,204,275 | ||||||
| 4.13%, 08/04/2025 |
20,140,000 | 20,098,286 | ||||||
| 3.38%, 11/13/2025 |
30,199,000 | 29,962,802 | ||||||
| General Motors Co., 6.13%, 10/01/2025 |
17,973,000 | 18,027,903 | ||||||
| PACCAR Financial Corp., 3.55%, 08/11/2025(b) |
8,627,000 | 8,613,176 | ||||||
| Toyota Motor Credit Corp. |
||||||||
| 3.95%, 06/30/2025(b) |
16,383,000 | 16,375,774 | ||||||
| 3.65%, 08/18/2025 |
11,248,000 | 11,225,802 | ||||||
| 5.60%, 09/11/2025(b) |
8,483,000 | 8,509,521 | ||||||
| 0.80%, 10/16/2025 |
14,413,000 | 14,219,232 | ||||||
| 5.40%, 11/10/2025 |
8,962,000 | 9,002,287 | ||||||
|
|
|
|||||||
| 202,076,015 | ||||||||
|
|
|
|||||||
| Banks-18.62% |
||||||||
| Banco Santander S.A. (Spain), 5.15%, 08/18/2025 |
9,634,000 | 9,642,942 | ||||||
| Bank of America Corp., 3.88%, 08/01/2025 |
25,736,000 | 25,706,708 | ||||||
| Bank of America N.A., 5.65%, 08/18/2025 |
28,769,000 | 28,811,747 | ||||||
| Bank of Montreal (Canada) |
||||||||
| 3.70%, 06/07/2025(b) |
17,983,000 | 17,978,573 | ||||||
| 5.92%, 09/25/2025(b) |
17,415,000 | 17,489,970 | ||||||
| Bank of Nova Scotia (The) (Canada), 5.45%, 06/12/2025 |
22,475,000 | 22,479,856 | ||||||
| Canadian Imperial Bank of Commerce (Canada), 3.95%, 08/04/2025(b) |
19,421,000 | 19,394,936 | ||||||
| Citibank N.A., 5.86%, 09/29/2025 |
26,472,000 | 26,553,229 | ||||||
| Citigroup, Inc. |
||||||||
| 4.40%, 06/10/2025 |
34,578,000 | 34,570,112 | ||||||
| 5.50%, 09/13/2025 |
20,268,000 | 20,306,426 | ||||||
| Cooperatieve Rabobank U.A. (Netherlands) |
||||||||
| 5.50%, 07/18/2025 |
11,754,000 | 11,769,089 | ||||||
| 4.38%, 08/04/2025 |
21,578,000 | 21,550,821 | ||||||
| Fifth Third Bank N.A., 3.95%, 07/28/2025 |
10,338,000 | 10,328,122 | ||||||
| HSBC Holdings PLC (United Kingdom), 4.25%, 08/18/2025(b) |
14,745,000 | 14,729,729 | ||||||
| JPMorgan Chase & Co., 3.90%, 07/15/2025 |
34,196,000 | 34,171,132 | ||||||
| Principal Amount |
Value | |||||||
| Banks-(continued) |
||||||||
| KeyBank N.A. |
||||||||
| 3.30%, 06/01/2025(b) |
$ | 10,263,000 | $ | 10,263,000 | ||||
| 4.15%, 08/08/2025 |
17,978,000 | 17,949,296 | ||||||
| Lloyds Banking Group PLC (United Kingdom), 4.58%, 12/10/2025 |
19,098,000 | 19,063,890 | ||||||
| Manufacturers & Traders Trust Co., 5.40%, 11/21/2025 |
6,990,000 | 7,007,020 | ||||||
| Mitsubishi UFJ Financial Group, Inc. (Japan), 1.41%, 07/17/2025 |
24,620,000 | 24,522,202 | ||||||
| Morgan Stanley Bank N.A., 5.48%, 07/16/2025(b) |
17,200,000 | 17,208,222 | ||||||
| PNC Bank N.A., 3.25%, 06/01/2025 |
13,647,000 | 13,647,000 | ||||||
| Santander Holdings USA, Inc. |
||||||||
| 3.45%, 06/02/2025 |
13,590,000 | 13,590,000 | ||||||
| 4.50%, 07/17/2025 |
15,187,000 | 15,178,677 | ||||||
| Sumitomo Mitsui Banking Corp. (Japan), 3.65%, 07/23/2025 |
6,190,000 | 6,181,790 | ||||||
| Sumitomo Mitsui Financial Group, Inc. (Japan), 1.47%, 07/08/2025 |
32,566,000 | 32,467,635 | ||||||
| Toronto-Dominion Bank (The) (Canada), 3.77%, 06/06/2025(b) |
22,822,000 | 22,819,779 | ||||||
| Truist Bank, 3.63%, 09/16/2025 |
15,484,000 | 15,433,654 | ||||||
| Truist Financial Corp. |
||||||||
| 3.70%, 06/05/2025(b) |
12,390,000 | 12,388,654 | ||||||
| 1.20%, 08/05/2025 |
9,289,000 | 9,233,670 | ||||||
| UBS AG (Switzerland), 5.80%, 09/11/2025(b) |
13,786,000 | 13,832,192 | ||||||
| Wells Fargo & Co., 3.55%, 09/29/2025 |
35,540,000 | 35,422,791 | ||||||
| Wells Fargo Bank N.A., 5.55%, 08/01/2025 |
31,811,000 | 31,841,727 | ||||||
|
|
|
|||||||
| 633,534,591 | ||||||||
|
|
|
|||||||
| Beverages-1.36% |
||||||||
| Diageo Capital PLC (United Kingdom) |
||||||||
| 1.38%, 09/29/2025 |
10,788,000 | 10,678,294 | ||||||
| 5.20%, 10/24/2025 |
7,187,000 | 7,204,288 | ||||||
| Keurig Dr Pepper, Inc., 3.40%, 11/15/2025(b) |
6,889,000 | 6,850,235 | ||||||
| PepsiCo, Inc. |
||||||||
| 3.50%, 07/17/2025 |
10,065,000 | 10,055,204 | ||||||
| 5.25%, 11/10/2025(b) |
11,527,000 | 11,569,363 | ||||||
|
|
|
|||||||
| 46,357,384 | ||||||||
|
|
|
|||||||
| Biotechnology-1.01% |
||||||||
| Baxalta, Inc., 4.00%, 06/23/2025 |
9,187,000 | 9,182,118 | ||||||
| Biogen, Inc., 4.05%, 09/15/2025 |
25,164,000 | 25,150,084 | ||||||
|
|
|
|||||||
| 34,332,202 | ||||||||
|
|
|
|||||||
| Broadline Retail-1.40% |
||||||||
| Amazon.com, Inc. |
||||||||
| 0.80%, 06/03/2025 |
17,637,000 | 17,635,132 | ||||||
| 4.60%, 12/01/2025(b) |
17,975,000 | 17,991,839 | ||||||
| 5.20%, 12/03/2025(b) |
12,016,000 | 12,039,998 | ||||||
|
|
|
|||||||
| 47,666,969 | ||||||||
|
|
|
|||||||
| Building Products-0.20% |
||||||||
| Fortune Brands Innovations, Inc., 4.00%, 06/15/2025(b) |
6,971,000 | 6,968,123 | ||||||
|
|
|
|||||||
| Capital Markets-5.66% |
||||||||
| Ares Capital Corp., 3.25%, 07/15/2025 |
17,829,000 | 17,790,088 | ||||||
| Blue Owl Capital Corp., 3.75%, 07/22/2025 |
7,160,000 | 7,142,988 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2025 Corporate Bond ETF (BSCP)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Capital Markets-(continued) |
||||||||
| Goldman Sachs Group, Inc. (The), 4.25%, 10/21/2025 |
$ | 28,677,000 | $ | 28,632,724 | ||||
| Morgan Stanley |
||||||||
| 4.00%, 07/23/2025 |
41,500,000 | 41,452,316 | ||||||
| 5.00%, 11/24/2025 |
28,848,000 | 28,883,466 | ||||||
| Nasdaq, Inc., 5.65%, 06/28/2025 |
4,548,000 | 4,548,626 | ||||||
| Nomura Holdings, Inc. (Japan) |
||||||||
| 5.10%, 07/03/2025 |
11,372,000 | 11,374,892 | ||||||
| 1.85%, 07/16/2025 |
21,385,000 | 21,308,081 | ||||||
| Northern Trust Corp., 3.95%, 10/30/2025 |
10,783,000 | 10,756,018 | ||||||
| State Street Corp., 3.55%, 08/18/2025 |
20,704,000 | 20,658,793 | ||||||
|
|
|
|||||||
| 192,547,992 | ||||||||
|
|
|
|||||||
| Chemicals-0.86% |
||||||||
| Air Products and Chemicals, Inc., 1.50%, 10/15/2025(b) |
7,925,000 | 7,842,604 | ||||||
| EIDP, Inc., 1.70%, 07/15/2025 |
7,196,000 | 7,170,314 | ||||||
| LYB International Finance III LLC, 1.25%, 10/01/2025 |
7,082,000 | 6,996,439 | ||||||
| Nutrien Ltd. (Canada), 5.95%, 11/07/2025 |
7,196,000 | 7,228,715 | ||||||
|
|
|
|||||||
| 29,238,072 | ||||||||
|
|
|
|||||||
| Commercial Services & Supplies-0.20% |
| |||||||
| Waste Management, Inc., 0.75%, 11/15/2025(b) |
6,912,000 | 6,796,326 | ||||||
|
|
|
|||||||
| Communications Equipment-0.20% |
| |||||||
| Cisco Systems, Inc., 3.50%, 06/15/2025(b) |
6,949,000 | 6,945,508 | ||||||
|
|
|
|||||||
| Consumer Finance-4.04% |
||||||||
| Ally Financial, Inc., 5.75%, 11/20/2025 |
12,816,000 | 12,838,946 | ||||||
| American Express Co., 3.95%, 08/01/2025 |
28,705,000 | 28,691,390 | ||||||
| Capital One Financial Corp., 4.20%, 10/29/2025 |
22,569,000 | 22,503,820 | ||||||
| General Motors Financial Co., Inc. |
||||||||
| 2.75%, 06/20/2025 |
17,292,000 | 17,275,343 | ||||||
| 4.30%, 07/13/2025 |
11,508,000 | 11,498,142 | ||||||
| 6.05%, 10/10/2025 |
19,981,000 | 20,055,939 | ||||||
| Synchrony Financial |
||||||||
| 4.88%, 06/13/2025 |
10,371,000 | 10,372,595 | ||||||
| 4.50%, 07/23/2025 |
14,336,000 | 14,326,205 | ||||||
|
|
|
|||||||
| 137,562,380 | ||||||||
|
|
|
|||||||
| Consumer Staples Distribution & Retail-1.38% |
|
|||||||
| Sysco Corp., 3.75%, 10/01/2025 |
10,686,000 | 10,652,436 | ||||||
| Walmart, Inc. |
||||||||
| 3.55%, 06/26/2025 |
10,734,000 | 10,727,512 | ||||||
| 3.90%, 09/09/2025 |
25,466,000 | 25,441,029 | ||||||
|
|
|
|||||||
| 46,820,977 | ||||||||
|
|
|
|||||||
| Diversified Telecommunication Services-0.29% |
|
|||||||
| Verizon Communications, Inc., 0.85%, 11/20/2025(b) |
9,870,000 | 9,702,998 | ||||||
|
|
|
|||||||
| Electric Utilities-3.47% |
||||||||
| Constellation Energy Generation LLC, 3.25%, 06/01/2025 |
12,110,000 | 12,110,000 | ||||||
| Duke Energy Corp. |
||||||||
| 0.90%, 09/15/2025 |
9,387,000 | 9,286,003 | ||||||
| 5.00%, 12/08/2025 |
6,890,000 | 6,902,316 | ||||||
| Principal Amount |
Value | |||||||
| Electric Utilities-(continued) |
||||||||
| Duke Energy Progress LLC, 3.25%, 08/15/2025(b) |
$ | 6,196,000 | $ | 6,179,716 | ||||
| Entergy Corp., 0.90%, 09/15/2025 |
11,424,000 | 11,300,396 | ||||||
| Exelon Corp., 3.95%, 06/15/2025 |
11,540,000 | 11,535,429 | ||||||
| Florida Power & Light Co., 3.13%, 12/01/2025 |
8,294,000 | 8,239,510 | ||||||
| National Rural Utilities Cooperative Finance Corp., 5.45%, 10/30/2025(b) |
7,190,000 | 7,215,772 | ||||||
| NextEra Energy Capital Holdings, Inc., 4.45%, 06/20/2025 |
11,810,000 | 11,810,235 | ||||||
| Pacific Gas and Electric Co., 3.45%, 07/01/2025(b) |
12,283,769 | 12,262,282 | ||||||
| Southern Co. (The), 5.15%, 10/06/2025 |
7,194,000 | 7,204,079 | ||||||
| Southern Power Co., 4.15%, 12/01/2025 |
6,888,000 | 6,873,906 | ||||||
| Xcel Energy, Inc., 3.30%, 06/01/2025 |
6,998,000 | 6,998,000 | ||||||
|
|
|
|||||||
| 117,917,644 | ||||||||
|
|
|
|||||||
| Electrical Equipment-0.17% |
||||||||
| Emerson Electric Co., 3.15%, 06/01/2025 |
5,916,000 | 5,916,000 | ||||||
|
|
|
|||||||
| Entertainment-0.32% |
||||||||
| TWDC Enterprises 18 Corp., 3.15%, 09/17/2025 |
10,786,000 | 10,748,956 | ||||||
|
|
|
|||||||
| Financial Services-3.50% |
||||||||
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland) |
||||||||
| 6.50%, 07/15/2025(b) |
17,977,000 | 17,984,903 | ||||||
| 4.45%, 10/01/2025 |
8,633,000 | 8,622,654 | ||||||
| Blackstone Private Credit Fund, 7.05%, 09/29/2025(b) |
11,416,000 | 11,489,345 | ||||||
| Fiserv, Inc., 3.85%, 06/01/2025 |
9,995,000 | 9,995,000 | ||||||
| PayPal Holdings, Inc., 1.65%, 06/01/2025 |
11,272,000 | 11,272,000 | ||||||
| Visa, Inc., 3.15%, 12/14/2025 |
60,033,000 | 59,646,895 | ||||||
|
|
|
|||||||
| 119,010,797 | ||||||||
|
|
|
|||||||
| Food Products-0.57% |
||||||||
| Bunge Ltd. Finance Corp., 1.63%, 08/17/2025(b) |
8,643,000 | 8,584,454 | ||||||
| Mead Johnson Nutrition Co. (United Kingdom), 4.13%, 11/15/2025 |
10,783,000 | 10,764,252 | ||||||
|
|
|
|||||||
| 19,348,706 | ||||||||
|
|
|
|||||||
| Ground Transportation-0.61% |
||||||||
| CSX Corp., 3.35%, 11/01/2025 |
7,535,000 | 7,500,620 | ||||||
| Union Pacific Corp. |
||||||||
| 3.75%, 07/15/2025 |
6,115,000 | 6,109,159 | ||||||
| 3.25%, 08/15/2025 |
7,191,000 | 7,172,997 | ||||||
|
|
|
|||||||
| 20,782,776 | ||||||||
|
|
|
|||||||
| Health Care Equipment & Supplies-1.38% |
| |||||||
| Boston Scientific Corp., 1.90%, 06/01/2025 |
6,250,000 | 6,250,000 | ||||||
| GE HealthCare Technologies, Inc., 5.60%, 11/15/2025(b) |
21,492,000 | 21,548,854 | ||||||
| Stryker Corp. |
||||||||
| 1.15%, 06/15/2025 |
9,034,000 | 9,021,777 | ||||||
| 3.38%, 11/01/2025 |
10,341,000 | 10,288,706 | ||||||
|
|
|
|||||||
| 47,109,337 | ||||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2025 Corporate Bond ETF (BSCP)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Health Care Providers & Services-3.11% |
| |||||||
| Cardinal Health, Inc., 3.75%, 09/15/2025(b) |
$ | 5,366,000 | $ | 5,355,102 | ||||
| Cigna Group (The), 4.13%, 11/15/2025 |
17,501,000 | 17,458,397 | ||||||
| CVS Health Corp., 3.88%, 07/20/2025 |
39,190,522 | 39,139,721 | ||||||
| McKesson Corp., 0.90%, 12/03/2025 |
7,191,000 | 7,065,035 | ||||||
| UnitedHealth Group, Inc. |
||||||||
| 3.75%, 07/15/2025 |
25,339,000 | 25,313,936 | ||||||
| 5.15%, 10/15/2025 |
11,445,000 | 11,470,829 | ||||||
|
|
|
|||||||
| 105,803,020 | ||||||||
|
|
|
|||||||
| Health Care REITs-0.62% |
||||||||
| Healthpeak OP LLC, 4.00%, 06/01/2025(b) |
6,253,000 | 6,253,000 | ||||||
| Welltower OP LLC, 4.00%, 06/01/2025 |
14,996,000 | 14,996,000 | ||||||
|
|
|
|||||||
| 21,249,000 | ||||||||
|
|
|
|||||||
| Hotels, Restaurants & Leisure-1.14% |
| |||||||
| Las Vegas Sands Corp., 2.90%, 06/25/2025 |
7,190,000 | 7,181,006 | ||||||
| McDonald’s Corp. |
||||||||
| 3.30%, 07/01/2025 |
9,294,000 | 9,282,180 | ||||||
| 1.45%, 09/01/2025 |
6,883,000 | 6,829,489 | ||||||
| Starbucks Corp., 3.80%, 08/15/2025 |
15,485,000 | 15,462,211 | ||||||
|
|
|
|||||||
| 38,754,886 | ||||||||
|
|
|
|||||||
| Household Durables-0.21% |
||||||||
| DR Horton, Inc., 2.60%, 10/15/2025 |
7,195,000 | 7,140,069 | ||||||
|
|
|
|||||||
| Household Products-0.63% |
||||||||
| Colgate-Palmolive Co., 3.10%, 08/15/2025 |
7,203,000 | 7,184,217 | ||||||
| Procter & Gamble Co. (The), 0.55%, 10/29/2025 |
14,383,000 | 14,159,015 | ||||||
|
|
|
|||||||
| 21,343,232 | ||||||||
|
|
|
|||||||
| Industrial Conglomerates-0.70% |
||||||||
| 3M Co., 3.00%, 08/07/2025 |
8,772,000 | 8,743,330 | ||||||
| Honeywell International, Inc., 1.35%, 06/01/2025 |
14,997,000 | 14,997,000 | ||||||
|
|
|
|||||||
| 23,740,330 | ||||||||
|
|
|
|||||||
| Insurance-0.78% |
||||||||
| Allstate Corp. (The), 0.75%, 12/15/2025 |
8,628,000 | 8,457,181 | ||||||
| Aon Global Ltd., 3.88%, 12/15/2025 |
10,851,000 | 10,815,850 | ||||||
| MetLife, Inc., 3.60%, 11/13/2025 |
7,191,000 | 7,159,097 | ||||||
|
|
|
|||||||
| 26,432,128 | ||||||||
|
|
|
|||||||
| Interactive Media & Services-0.41% |
||||||||
| Alphabet, Inc., 0.45%, 08/15/2025 |
14,130,000 | 14,016,391 | ||||||
|
|
|
|||||||
| IT Services-0.89% |
||||||||
| International Business Machines Corp. |
||||||||
| 4.00%, 07/27/2025 |
14,380,000 | 14,368,504 | ||||||
| 7.00%, 10/30/2025 |
8,273,000 | 8,360,625 | ||||||
| VeriSign, Inc., 4.75%, 07/15/2027(b) |
7,572,000 | 7,571,163 | ||||||
|
|
|
|||||||
| 30,300,292 | ||||||||
|
|
|
|||||||
| Life Sciences Tools & Services-0.41% |
||||||||
| Danaher Corp., 3.35%, 09/15/2025(b) |
6,892,000 | 6,870,782 | ||||||
| Illumina, Inc., 5.80%, 12/12/2025 |
6,890,000 | 6,914,080 | ||||||
|
|
|
|||||||
| 13,784,862 | ||||||||
|
|
|
|||||||
| Principal Amount |
Value | |||||||
| Machinery-2.31% |
||||||||
| Caterpillar Financial Services Corp. |
||||||||
| 5.15%, 08/11/2025 |
$ | 11,507,000 | $ | 11,519,514 | ||||
| 3.65%, 08/12/2025 |
9,907,000 | 9,892,011 | ||||||
| 0.80%, 11/13/2025 |
14,381,000 | 14,145,958 | ||||||
| Cummins, Inc., 0.75%, 09/01/2025 |
6,196,000 | 6,137,265 | ||||||
| John Deere Capital Corp. |
||||||||
| 3.40%, 06/06/2025 |
13,827,000 | 13,824,984 | ||||||
| 4.95%, 06/06/2025 |
5,885,000 | 5,885,275 | ||||||
| 4.05%, 09/08/2025 |
11,226,000 | 11,212,505 | ||||||
| Wabtec Corp., 3.20%, 06/15/2025 |
5,927,000 | 5,920,277 | ||||||
|
|
|
|||||||
| 78,537,789 | ||||||||
|
|
|
|||||||
| Media-1.19% |
||||||||
| Charter Communications Operating LLC/Charter Communications Operating Capital Corp., 4.91%, 07/23/2025 |
24,872,000 | 24,868,940 | ||||||
| Comcast Corp., 3.38%, 08/15/2025 |
15,718,000 | 15,715,829 | ||||||
|
|
|
|||||||
| 40,584,769 | ||||||||
|
|
|
|||||||
| Metals & Mining-0.21% |
||||||||
| Nucor Corp., 2.00%, 06/01/2025 |
7,005,000 | 7,005,000 | ||||||
|
|
|
|||||||
| Multi-Utilities-1.55% |
||||||||
| Dominion Energy, Inc., 3.90%, 10/01/2025 |
10,786,000 | 10,762,978 | ||||||
| DTE Energy Co., Series F, 1.05%, 06/01/2025 |
9,001,000 | 9,001,000 | ||||||
| NiSource, Inc., 0.95%, 08/15/2025 |
17,980,000 | 17,841,427 | ||||||
| Public Service Enterprise Group, Inc., 0.80%, 08/15/2025 |
7,914,000 | 7,850,454 | ||||||
| WEC Energy Group, Inc., 5.00%, 09/27/2025 |
7,195,000 | 7,197,348 | ||||||
|
|
|
|||||||
| 52,653,207 | ||||||||
|
|
|
|||||||
| Oil, Gas & Consumable Fuels-3.30% |
||||||||
| Canadian Natural Resources Ltd. (Canada), 2.05%, 07/15/2025(b) |
8,625,000 | 8,596,817 | ||||||
| Chevron Corp., 3.33%, 11/17/2025 |
10,786,000 | 10,731,670 | ||||||
| Chevron USA, Inc., 0.69%, 08/12/2025(b) |
9,834,000 | 9,761,696 | ||||||
| DCP Midstream Operating L.P., 5.38%, 07/15/2025 |
7,538,000 | 7,540,038 | ||||||
| Devon Energy Corp., 5.85%, 12/15/2025 |
6,685,000 | 6,705,923 | ||||||
| Enbridge Energy Partners L.P., 5.88%, 10/15/2025 |
7,194,000 | 7,206,067 | ||||||
| Kinder Morgan, Inc., 4.30%, 06/01/2025 |
19,822,000 | 19,822,000 | ||||||
| Plains All American Pipeline L.P./PAA Finance Corp., 4.65%, 10/15/2025 |
14,383,000 | 14,372,555 | ||||||
| Schlumberger Finance Canada Ltd., 1.40%, 09/17/2025(b) |
6,916,000 | 6,850,054 | ||||||
| Targa Resources Partners L.P./Targa Resources Partners Finance Corp., 6.50%, 07/15/2027 |
10,001,000 | 10,020,002 | ||||||
| Williams Cos., Inc. (The), 4.00%, 09/15/2025 |
10,635,000 | 10,612,355 | ||||||
|
|
|
|||||||
| 112,219,177 | ||||||||
|
|
|
|||||||
| Personal Care Products-0.21% |
||||||||
| Unilever Capital Corp. (United Kingdom), 3.10%, 07/30/2025 |
7,194,000 | 7,177,979 | ||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2025 Corporate Bond ETF (BSCP)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Pharmaceuticals-3.55% |
||||||||
| AstraZeneca PLC (United Kingdom), 3.38%, 11/16/2025(b) |
$ | 28,765,000 | $ | 28,637,942 | ||||
| Bristol-Myers Squibb Co., 0.75%, 11/13/2025 |
14,765,000 | 14,530,377 | ||||||
| Eli Lilly and Co., 2.75%, 06/01/2025 |
6,676,000 | 6,676,000 | ||||||
| Johnson & Johnson, 0.55%, 09/01/2025 |
13,882,000 | 13,750,763 | ||||||
| Novartis Capital Corp., 3.00%, 11/20/2025 |
24,801,000 | 24,662,671 | ||||||
| Royalty Pharma PLC, 1.20%, 09/02/2025 |
13,882,000 | 13,752,647 | ||||||
| Zoetis, Inc. |
||||||||
| 4.50%, 11/13/2025(b) |
10,490,000 | 10,484,296 | ||||||
| 5.40%, 11/14/2025 |
8,328,000 | 8,350,418 | ||||||
|
|
|
|||||||
| 120,845,114 | ||||||||
|
|
|
|||||||
| Professional Services-0.42% |
||||||||
| Automatic Data Processing, Inc., 3.38%, 09/15/2025(b) |
14,382,000 | 14,374,843 | ||||||
|
|
|
|||||||
| Residential REITs-0.18% |
||||||||
| AvalonBay Communities, Inc., 3.45%, 06/01/2025 |
5,997,000 | 5,997,000 | ||||||
|
|
|
|||||||
| Retail REITs-0.66% |
||||||||
| Realty Income Corp., 4.63%, 11/01/2025 |
8,196,000 | 8,196,542 | ||||||
| Simon Property Group L.P., 3.50%, 09/01/2025 |
14,286,000 | 14,251,057 | ||||||
|
|
|
|||||||
| 22,447,599 | ||||||||
|
|
|
|||||||
| Semiconductors & Semiconductor Equipment-1.73% |
| |||||||
| Applied Materials, Inc., 3.90%, 10/01/2025 |
10,072,000 | 10,056,306 | ||||||
| Intel Corp., 3.70%, 07/29/2025 |
31,018,000 | 30,964,869 | ||||||
| Microchip Technology, Inc., 4.25%, 09/01/2025 |
17,768,000 | 17,742,014 | ||||||
|
|
|
|||||||
| 58,763,189 | ||||||||
|
|
|
|||||||
| Software-2.16% |
||||||||
| Intuit, Inc., 0.95%, 07/15/2025 |
6,119,000 | 6,093,209 | ||||||
| Microsoft Corp., 3.13%, 11/03/2025 |
43,143,000 | 42,925,146 | ||||||
| Oracle Corp., 5.80%, 11/10/2025 |
14,374,000 | 14,450,905 | ||||||
| Roper Technologies, Inc., 1.00%, 09/15/2025 |
10,063,000 | 9,958,463 | ||||||
|
|
|
|||||||
| 73,427,723 | ||||||||
|
|
|
|||||||
| Specialized REITs-0.94% |
||||||||
| American Tower Corp. |
||||||||
| 4.00%, 06/01/2025 |
8,906,000 | 8,906,000 | ||||||
| 1.30%, 09/15/2025 |
7,194,000 | 7,118,457 | ||||||
| Crown Castle, Inc., 1.35%, 07/15/2025 |
6,171,000 | 6,144,093 | ||||||
| Equinix, Inc., 1.00%, 09/15/2025 |
10,021,000 | 9,916,343 | ||||||
|
|
|
|||||||
| 32,084,893 | ||||||||
|
|
|
|||||||
| Specialty Retail-1.50% |
||||||||
| Home Depot, Inc. (The) |
||||||||
| 3.35%, 09/15/2025 |
14,081,000 | 14,037,282 | ||||||
| 4.00%, 09/15/2025 |
11,791,000 | 11,775,976 | ||||||
| Principal Amount |
Value | |||||||
| Specialty Retail-(continued) |
||||||||
| Lowe’s Cos., Inc. |
||||||||
| 4.40%, 09/08/2025 |
$ | 14,382,000 | $ | 14,376,311 | ||||
| 3.38%, 09/15/2025(b) |
10,739,000 | 10,702,868 | ||||||
|
|
|
|||||||
| 50,892,437 | ||||||||
|
|
|
|||||||
| Technology Hardware, Storage & Peripherals-1.89% |
|
|||||||
| Apple, Inc., 0.55%, 08/20/2025(b) |
17,826,000 | 17,662,735 | ||||||
| Hewlett Packard Enterprise Co., 4.90%, 10/15/2025 |
35,864,000 | 35,872,094 | ||||||
| NetApp, Inc., 1.88%, 06/22/2025 |
10,689,000 | 10,670,886 | ||||||
|
|
|
|||||||
| 64,205,715 | ||||||||
|
|
|
|||||||
| Tobacco-1.38% |
||||||||
| Philip Morris International, Inc. |
||||||||
| 3.38%, 08/11/2025 |
9,290,000 | 9,262,551 | ||||||
| 5.00%, 11/17/2025(b) |
9,290,000 | 9,307,059 | ||||||
| Reynolds American, Inc. (United Kingdom), 4.45%, 06/12/2025 |
28,253,000 | 28,251,046 | ||||||
|
|
|
|||||||
| 46,820,656 | ||||||||
|
|
|
|||||||
| Trading Companies & Distributors-0.36% |
|
|||||||
| Air Lease Corp., 3.38%, 07/01/2025(b) |
12,225,000 | 12,209,594 | ||||||
|
|
|
|||||||
| Wireless Telecommunication Services-0.29% |
|
|||||||
| Rogers Communications, Inc. (Canada), 3.63%, 12/15/2025 |
10,066,000 | 10,002,690 | ||||||
|
|
|
|||||||
| Total U.S. Dollar Denominated Bonds & Notes |
|
2,905,428,997 | ||||||
|
|
|
|||||||
| Shares | ||||||||
| Money Market Funds-13.97% |
||||||||
| Invesco Government & Agency Portfolio, Institutional Class, 4.24%(c)(d) |
475,236,520 | 475,236,520 | ||||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-99.38% (Cost $3,381,767,172) |
3,380,665,517 | |||||||
|
|
|
|||||||
| Investments Purchased with Cash Collateral from Securities on Loan |
|
|||||||
| Money Market Funds-2.04% |
|
|||||||
| Invesco Private Government Fund, 4.29%(c)(d)(e) |
19,263,464 | 19,263,464 | ||||||
| Invesco Private Prime Fund, 4.45%(c)(d)(e) |
50,086,615 | 50,096,632 | ||||||
|
|
|
|||||||
| Total Investments Purchased with Cash Collateral from Securities on
Loan |
|
69,360,096 | ||||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN
SECURITIES-101.42% |
|
3,450,025,613 | ||||||
| OTHER ASSETS LESS LIABILITIES-(1.42)% |
|
(48,360,927 | ) | |||||
|
|
|
|||||||
| NET ASSETS-100.00% |
$ | 3,401,664,686 | ||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2025 Corporate Bond ETF (BSCP)–(continued)
May 31, 2025
(Unaudited)
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) | All or a portion of this security was out on loan at May 31, 2025. |
| (c) | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the nine months ended May 31, 2025. |
| Value August 31, 2024 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized Appreciation (Depreciation) |
Realized Gain (Loss) |
Value May 31, 2025 |
Dividend Income | |||||||||||||||||||||||||||||
| Investments in Affiliated Money Market Funds: | |||||||||||||||||||||||||||||||||||
| Invesco Government & Agency Portfolio, Institutional Class | $ | 18,237,269 | $ | 1,732,187,115 | $ | (1,275,187,864 | ) | $ | - | $ | - | $ | 475,236,520 | $ | 4,934,263 | ||||||||||||||||||||
| Investments Purchased with Cash Collateral from Securities on Loan: | |||||||||||||||||||||||||||||||||||
| Invesco Private Government Fund | 59,205,679 | 172,693,413 | (212,635,628 | ) | - | - | 19,263,464 | 1,643,292 | * | ||||||||||||||||||||||||||
| Invesco Private Prime Fund | 169,188,488 | 377,493,016 | (496,557,832 | ) | (11,689 | ) | (15,351 | ) | 50,096,632 | 4,378,838 | * | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||
| Total | $ | 246,631,436 | $ | 2,282,373,544 | $ | (1,984,381,324 | ) | $ | (11,689 | ) | $ | (15,351 | ) | $ | 544,596,616 | $ | 10,956,393 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||
| * | Represents the income earned on the investment of cash collateral. 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 May 31, 2025. |
| (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. |
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments(a)
Invesco BulletShares 2026 Corporate Bond ETF (BSCQ)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| U.S. Dollar Denominated Bonds & Notes-98.76% |
| |||||||
| Aerospace & Defense-2.29% |
||||||||
| Boeing Co. (The) |
||||||||
| 2.75%, 02/01/2026 |
$ | 12,121,000 | $ | 11,959,189 | ||||
| 2.20%, 02/04/2026 |
47,365,000 | 46,535,044 | ||||||
| General Dynamics Corp. |
||||||||
| 1.15%, 06/01/2026 |
4,310,000 | 4,177,940 | ||||||
| 2.13%, 08/15/2026 |
4,284,000 | 4,184,692 | ||||||
| Lockheed Martin Corp., 3.55%, 01/15/2026 |
8,568,000 | 8,525,406 | ||||||
| RTX Corp. |
||||||||
| 5.00%, 02/27/2026 |
4,283,000 | 4,298,398 | ||||||
| 2.65%, 11/01/2026(b) |
6,159,000 | 6,014,457 | ||||||
| 5.75%, 11/08/2026 |
10,828,000 | 11,017,308 | ||||||
|
|
|
|||||||
| 96,712,434 | ||||||||
|
|
|
|||||||
| Air Freight & Logistics-0.25% |
||||||||
| FedEx Corp., 3.25%, 04/01/2026 |
6,451,000 | 6,383,050 | ||||||
| United Parcel Service, Inc., 2.40%, 11/15/2026 |
4,299,000 | 4,187,901 | ||||||
|
|
|
|||||||
| 10,570,951 | ||||||||
|
|
|
|||||||
| Automobiles-4.33% |
||||||||
| American Honda Finance Corp. |
||||||||
| 4.95%, 01/09/2026 |
7,321,000 | 7,334,595 | ||||||
| 4.75%, 01/12/2026(b) |
4,285,000 | 4,290,596 | ||||||
| 5.25%, 07/07/2026 |
8,256,000 | 8,320,732 | ||||||
| 1.30%, 09/09/2026 |
6,422,000 | 6,163,653 | ||||||
| 2.30%, 09/09/2026 |
4,286,000 | 4,166,318 | ||||||
| 4.40%, 10/05/2026 |
5,995,000 | 5,982,211 | ||||||
| Ford Motor Co., 4.35%, 12/08/2026(b) |
12,896,000 | 12,717,874 | ||||||
| Ford Motor Credit Co. LLC |
||||||||
| 4.39%, 01/08/2026 |
10,312,000 | 10,230,943 | ||||||
| 6.95%, 03/06/2026 |
11,193,000 | 11,265,195 | ||||||
| 6.95%, 06/10/2026 |
7,734,000 | 7,823,971 | ||||||
| 2.70%, 08/10/2026 |
12,889,000 | 12,472,427 | ||||||
| 5.13%, 11/05/2026 |
10,310,000 | 10,221,494 | ||||||
| PACCAR Financial Corp. |
||||||||
| 4.45%, 03/30/2026(b) |
4,298,000 | 4,300,727 | ||||||
| 5.20%, 11/09/2026(b) |
4,299,000 | 4,358,377 | ||||||
| Toyota Motor Corp. (Japan) |
||||||||
| 1.34%, 03/25/2026 |
8,597,000 | 8,380,980 | ||||||
| 5.28%, 07/13/2026 |
4,295,000 | 4,335,636 | ||||||
| Toyota Motor Credit Corp. |
||||||||
| 4.80%, 01/05/2026(b) |
7,709,000 | 7,723,236 | ||||||
| 0.80%, 01/09/2026(b) |
6,017,000 | 5,892,086 | ||||||
| 5.20%, 05/15/2026(b) |
6,447,000 | 6,500,720 | ||||||
| 4.45%, 05/18/2026 |
12,038,000 | 12,045,331 | ||||||
| 1.13%, 06/18/2026(b) |
8,594,000 | 8,312,514 | ||||||
| 4.55%, 08/07/2026 |
6,450,000 | 6,465,396 | ||||||
| 5.00%, 08/14/2026 |
5,588,000 | 5,629,109 | ||||||
| 5.40%, 11/20/2026(b) |
7,734,000 | 7,855,519 | ||||||
|
|
|
|||||||
| 182,789,640 | ||||||||
|
|
|
|||||||
| Banks-22.12% |
||||||||
| Bank of America Corp. |
||||||||
| 4.45%, 03/03/2026 |
17,218,000 | 17,193,363 | ||||||
| 3.50%, 04/19/2026 |
21,484,000 | 21,287,269 | ||||||
| 4.25%, 10/22/2026 |
17,195,000 | 17,126,370 | ||||||
| Bank of America N.A., 5.53%, 08/18/2026 |
17,254,000 | 17,479,416 | ||||||
| Principal Amount |
Value | |||||||
| Banks-(continued) |
||||||||
| Bank of Montreal (Canada) |
||||||||
| 5.30%, 06/05/2026(b) |
$ | 11,625,000 | $ | 11,720,876 | ||||
| 5.27%, 12/11/2026 |
9,883,000 | 10,000,786 | ||||||
| Bank of Nova Scotia (The) (Canada) |
||||||||
| 4.75%, 02/02/2026(b) |
10,742,000 | 10,756,718 | ||||||
| 1.05%, 03/02/2026(b) |
8,170,000 | 7,964,661 | ||||||
| 1.35%, 06/24/2026(b) |
6,445,000 | 6,244,686 | ||||||
| 1.30%, 09/15/2026 |
7,733,000 | 7,441,079 | ||||||
| 5.35%, 12/07/2026 |
9,886,000 | 10,012,007 | ||||||
| Barclays PLC (United Kingdom), 5.20%, 05/12/2026 |
17,639,000 | 17,687,586 | ||||||
| BPCE S.A. (France), 3.38%, 12/02/2026. |
5,145,000 | 5,064,463 | ||||||
| Canadian Imperial Bank of Commerce (Canada), 5.93%, 10/02/2026 |
7,303,000 | 7,439,167 | ||||||
| Citibank N.A. |
||||||||
| 5.44%, 04/30/2026 |
17,148,000 | 17,288,438 | ||||||
| 4.93%, 08/06/2026 |
12,937,000 | 13,013,491 | ||||||
| 5.49%, 12/04/2026 |
17,172,000 | 17,423,113 | ||||||
| Citigroup, Inc. |
||||||||
| 3.70%, 01/12/2026 |
17,166,000 | 17,078,238 | ||||||
| 4.60%, 03/09/2026 |
12,911,000 | 12,900,656 | ||||||
| 3.40%, 05/01/2026(b) |
17,169,000 | 16,997,741 | ||||||
| 3.20%, 10/21/2026 |
25,850,000 | 25,392,125 | ||||||
| 4.30%, 11/20/2026 |
8,581,000 | 8,539,856 | ||||||
| Cooperatieve Rabobank U.A. (Netherlands) |
||||||||
| 4.85%, 01/09/2026(b) |
8,605,000 | 8,619,162 | ||||||
| 3.75%, 07/21/2026(b) |
12,906,000 | 12,775,973 | ||||||
| 4.33%, 08/28/2026 |
4,311,000 | 4,309,609 | ||||||
| 5.50%, 10/05/2026 |
6,001,000 | 6,092,304 | ||||||
| Discover Bank, 3.45%, 07/27/2026 |
8,597,000 | 8,477,405 | ||||||
| Fifth Third Bank N.A., 3.85%, 03/15/2026 |
6,455,000 | 6,403,661 | ||||||
| HSBC Holdings PLC (United Kingdom) |
||||||||
| 4.30%, 03/08/2026(b) |
15,110,000 | 15,073,821 | ||||||
| 4.38%, 11/23/2026 |
7,662,000 | 7,629,977 | ||||||
| JPMorgan Chase & Co. |
||||||||
| 3.30%, 04/01/2026 |
21,487,000 | 21,297,457 | ||||||
| 3.20%, 06/15/2026 |
15,044,000 | 14,871,064 | ||||||
| 2.95%, 10/01/2026 |
25,790,000 | 25,335,097 | ||||||
| 7.63%, 10/15/2026 |
4,362,000 | 4,548,526 | ||||||
| 4.13%, 12/15/2026 |
17,269,000 | 17,196,970 | ||||||
| JPMorgan Chase Bank N.A., 5.11%, 12/08/2026 |
23,714,000 | 23,988,596 | ||||||
| KeyBank N.A. |
||||||||
| 4.70%, 01/26/2026 |
4,302,000 | 4,299,083 | ||||||
| 3.40%, 05/20/2026 |
5,160,000 | 5,092,311 | ||||||
| Lloyds Banking Group PLC (United Kingdom), 4.65%, 03/24/2026 |
12,915,000 | 12,880,933 | ||||||
| Manufacturers & Traders Trust Co., 4.65%, 01/27/2026(b) |
11,195,000 | 11,187,485 | ||||||
| Mitsubishi UFJ Financial Group, Inc. (Japan) |
||||||||
| 3.85%, 03/01/2026 |
20,415,000 | 20,313,979 | ||||||
| 2.76%, 09/13/2026 |
8,592,000 | 8,409,214 | ||||||
| Mizuho Financial Group, Inc. (Japan), 2.84%, 09/13/2026(b) |
8,623,000 | 8,452,174 | ||||||
| Morgan Stanley Bank N.A. |
||||||||
| 4.75%, 04/21/2026 |
12,917,000 | 12,949,225 | ||||||
| 5.88%, 10/30/2026 |
14,138,000 | 14,423,404 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Corporate Bond ETF (BSCQ)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Banks-(continued) |
||||||||
| NatWest Group PLC (United Kingdom), 4.80%, 04/05/2026 |
$ | 12,891,000 | $ | 12,922,093 | ||||
| PNC Financial Services Group, Inc. (The), 1.15%, 08/13/2026 |
6,018,000 | 5,793,325 | ||||||
| Royal Bank of Canada (Canada) |
||||||||
| 4.88%, 01/12/2026 |
8,598,000 | 8,613,485 | ||||||
| 1.15%, 07/14/2026(b) |
6,454,000 | 6,235,576 | ||||||
| 5.20%, 07/20/2026 |
8,599,000 | 8,679,620 | ||||||
| Sumitomo Mitsui Financial Group, Inc. (Japan) |
||||||||
| 0.95%, 01/12/2026 |
8,625,000 | 8,437,163 | ||||||
| 5.46%, 01/13/2026 |
15,473,000 | 15,546,766 | ||||||
| 3.78%, 03/09/2026(b) |
12,909,000 | 12,836,554 | ||||||
| 5.88%, 07/13/2026(b) |
7,328,000 | 7,438,781 | ||||||
| 2.63%, 07/14/2026 |
19,365,000 | 18,980,291 | ||||||
| 1.40%, 09/17/2026 |
17,189,000 | 16,522,216 | ||||||
| 3.01%, 10/19/2026(b) |
12,895,000 | 12,649,204 | ||||||
| Toronto-Dominion Bank (The) (Canada) |
||||||||
| 5.10%, 01/09/2026(b) |
6,428,000 | 6,445,545 | ||||||
| 5.53%, 07/17/2026(b) |
15,553,000 | 15,729,964 | ||||||
| 5.26%, 12/11/2026(b) |
4,300,000 | 4,349,826 | ||||||
| 4.57%, 12/17/2026 |
11,995,000 | 12,014,249 | ||||||
| Truist Bank |
||||||||
| 3.30%, 05/15/2026 |
6,474,000 | 6,392,239 | ||||||
| 3.80%, 10/30/2026 |
7,286,000 | 7,194,860 | ||||||
| U.S. Bancorp |
||||||||
| Series V, 2.38%, 07/22/2026(b) |
11,622,000 | 11,390,745 | ||||||
| Series W, 3.10%, 04/27/2026 |
8,604,000 | 8,492,824 | ||||||
| UBS AG (Switzerland) |
||||||||
| 1.25%, 06/01/2026 |
8,376,000 | 8,117,432 | ||||||
| 1.25%, 08/07/2026 |
14,016,000 | 13,504,640 | ||||||
| Wells Fargo & Co. |
||||||||
| 3.00%, 04/22/2026 |
30,051,000 | 29,648,341 | ||||||
| 4.10%, 06/03/2026 |
20,917,000 | 20,815,694 | ||||||
| 3.00%, 10/23/2026 |
30,149,000 | 29,546,603 | ||||||
| Wells Fargo Bank N.A. |
||||||||
| 4.81%, 01/15/2026 |
15,505,000 | 15,533,265 | ||||||
| 5.45%, 08/07/2026(b) |
18,939,000 | 19,154,020 | ||||||
| 5.25%, 12/11/2026(b) |
19,276,000 | 19,528,636 | ||||||
|
|
|
|||||||
| 933,193,492 | ||||||||
|
|
|
|||||||
| Beverages-1.39% |
||||||||
| Constellation Brands, Inc. |
||||||||
| 5.00%, 02/02/2026 |
4,293,000 | 4,290,360 | ||||||
| 3.70%, 12/06/2026(b) |
5,147,000 | 5,088,826 | ||||||
| Diageo Capital PLC (United Kingdom), 5.38%, 10/05/2026 |
6,857,000 | 6,935,781 | ||||||
| Molson Coors Beverage Co., 3.00%, 07/15/2026 |
17,266,000 | 16,980,076 | ||||||
| PepsiCo, Inc. |
||||||||
| 4.55%, 02/13/2026(b) |
4,284,000 | 4,288,669 | ||||||
| 2.85%, 02/24/2026(b) |
6,425,000 | 6,361,296 | ||||||
| 2.38%, 10/06/2026 |
8,600,000 | 8,403,965 | ||||||
| 5.13%, 11/10/2026 |
6,020,000 | 6,100,221 | ||||||
|
|
|
|||||||
| 58,449,194 | ||||||||
|
|
|
|||||||
| Biotechnology-2.61% |
||||||||
| AbbVie, Inc. |
||||||||
| 3.20%, 05/14/2026 |
17,168,053 | 16,987,148 | ||||||
| 2.95%, 11/21/2026 |
34,362,000 | 33,699,442 | ||||||
| Principal Amount |
Value | |||||||
| Biotechnology-(continued) |
||||||||
| Amgen, Inc. |
||||||||
| 5.51%, 03/02/2026(b) |
$ | 12,921,000 | $ | 12,924,253 | ||||
| 2.60%, 08/19/2026(b) |
10,745,000 | 10,525,747 | ||||||
| Gilead Sciences, Inc., 3.65%, 03/01/2026 |
23,638,000 | 23,486,108 | ||||||
| Shire Acquisitions Investments Ireland DAC, 3.20%, 09/23/2026 |
12,888,000 | 12,697,634 | ||||||
|
|
|
|||||||
| 110,320,332 | ||||||||
|
|
|
|||||||
| Broadline Retail-0.69% |
||||||||
| Amazon.com, Inc., 1.00%, 05/12/2026(b) |
23,638,000 | 22,933,187 | ||||||
| eBay, Inc., 1.40%, 05/10/2026 |
6,443,000 | 6,257,322 | ||||||
|
|
|
|||||||
| 29,190,509 | ||||||||
|
|
|
|||||||
| Building Products-0.10% |
||||||||
| Johnson Controls International PLC, 3.90%, 02/14/2026 |
4,180,000 | 4,152,475 | ||||||
|
|
|
|||||||
| Capital Markets-6.88% |
||||||||
| Ameriprise Financial, Inc., 2.88%, 09/15/2026(b) |
4,293,000 | 4,216,449 | ||||||
| Ares Capital Corp. |
||||||||
| 3.88%, 01/15/2026(b) |
9,884,000 | 9,819,766 | ||||||
| 2.15%, 07/15/2026 |
8,595,000 | 8,333,022 | ||||||
| Bank of New York Mellon Corp. (The) |
||||||||
| 0.75%, 01/28/2026(b) |
6,000,000 | 5,858,197 | ||||||
| 2.80%, 05/04/2026 |
6,475,000 | 6,385,399 | ||||||
| 2.45%, 08/17/2026 |
6,430,000 | 6,290,578 | ||||||
| 1.05%, 10/15/2026 |
4,313,000 | 4,129,250 | ||||||
| Blackstone Secured Lending Fund |
||||||||
| 3.63%, 01/15/2026 |
6,832,000 | 6,765,380 | ||||||
| 2.75%, 09/16/2026(b) |
6,010,000 | 5,827,258 | ||||||
| Blue Owl Capital Corp. |
||||||||
| 4.25%, 01/15/2026 |
4,300,000 | 4,275,450 | ||||||
| 3.40%, 07/15/2026 |
8,593,000 | 8,407,991 | ||||||
| Brookfield Finance, Inc. (Canada), 4.25%, 06/02/2026 |
4,310,000 | 4,294,015 | ||||||
| Charles Schwab Corp. (The) |
||||||||
| 0.90%, 03/11/2026(b) |
10,748,000 | 10,454,192 | ||||||
| 1.15%, 05/13/2026(b) |
8,591,000 | 8,333,810 | ||||||
| 5.88%, 08/24/2026 |
8,612,000 | 8,752,174 | ||||||
| Deutsche Bank AG (Germany), 1.69%, 03/19/2026 |
6,884,000 | 6,736,282 | ||||||
| FS KKR Capital Corp., 3.40%, 01/15/2026 |
8,563,000 | 8,462,858 | ||||||
| Goldman Sachs BDC, Inc., 2.88%, 01/15/2026 |
4,313,000 | 4,259,074 | ||||||
| Goldman Sachs Group, Inc. (The) |
||||||||
| 3.75%, 02/25/2026 |
15,043,000 | 14,968,053 | ||||||
| 3.50%, 11/16/2026 |
23,636,000 | 23,295,859 | ||||||
| Morgan Stanley |
||||||||
| 3.88%, 01/27/2026 |
25,756,000 | 25,651,646 | ||||||
| 3.13%, 07/27/2026 |
25,859,000 | 25,470,696 | ||||||
| 6.25%, 08/09/2026(b) |
6,241,000 | 6,372,051 | ||||||
| 4.35%, 09/08/2026 |
19,365,000 | 19,291,305 | ||||||
| Nasdaq, Inc., 3.85%, 06/30/2026 |
4,281,000 | 4,258,127 | ||||||
| Nomura Holdings, Inc. (Japan) |
||||||||
| 5.71%, 01/09/2026(b) |
5,170,000 | 5,197,597 | ||||||
| 1.65%, 07/14/2026(b) |
10,743,000 | 10,384,266 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Corporate Bond ETF (BSCQ)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Capital Markets-(continued) |
||||||||
| State Street Corp. |
||||||||
| 2.65%, 05/19/2026(b) |
$ | 6,424,000 | $ | 6,322,833 | ||||
| 5.27%, 08/03/2026(b) |
10,328,000 | 10,432,789 | ||||||
| UBS Group AG (Switzerland), 4.55%, 04/17/2026 |
17,064,000 | 17,061,465 | ||||||
|
|
|
|||||||
| 290,307,832 | ||||||||
|
|
|
|||||||
| Chemicals-0.91% |
||||||||
| Ecolab, Inc., 2.70%, 11/01/2026(b) |
6,442,000 | 6,302,905 | ||||||
| EIDP, Inc., 4.50%, 05/15/2026 |
5,158,000 | 5,162,376 | ||||||
| FMC Corp. |
||||||||
| 5.15%, 05/18/2026 |
4,284,000 | 4,308,696 | ||||||
| 3.20%, 10/01/2026 |
4,299,000 | 4,202,705 | ||||||
| Linde, Inc., 3.20%, 01/30/2026 |
6,210,000 | 6,160,386 | ||||||
| PPG Industries, Inc., 1.20%, 03/15/2026 |
5,999,000 | 5,841,930 | ||||||
| Westlake Corp., 3.60%, 08/15/2026(b) |
6,442,000 | 6,352,689 | ||||||
|
|
|
|||||||
| 38,331,687 | ||||||||
|
|
|
|||||||
| Commercial Services & Supplies-0.44% |
||||||||
| CDW LLC/CDW Finance Corp., 2.67%, 12/01/2026 |
8,609,000 | 8,344,189 | ||||||
| Republic Services, Inc., 2.90%, 07/01/2026 |
4,286,000 | 4,224,956 | ||||||
| Veralto Corp., 5.50%, 09/18/2026 |
6,026,000 | 6,094,006 | ||||||
|
|
|
|||||||
| 18,663,151 | ||||||||
|
|
|
|||||||
| Communications Equipment-0.66% |
||||||||
| Cisco Systems, Inc. |
||||||||
| 4.90%, 02/26/2026(b) |
8,600,000 | 8,628,789 | ||||||
| 2.95%, 02/28/2026 |
6,421,000 | 6,351,941 | ||||||
| 2.50%, 09/20/2026 |
12,896,300 | 12,638,992 | ||||||
|
|
|
|||||||
| 27,619,722 | ||||||||
|
|
|
|||||||
| Consumer Finance-2.16% |
||||||||
| American Express Co. |
||||||||
| 4.90%, 02/13/2026 |
10,326,000 | 10,346,730 | ||||||
| 1.65%, 11/04/2026 |
9,472,000 | 9,119,516 | ||||||
| Capital One Financial Corp., 3.75%, 07/28/2026 |
12,917,000 | 12,773,080 | ||||||
| General Motors Financial Co., Inc. |
||||||||
| 1.25%, 01/08/2026 |
12,974,000 | 12,687,255 | ||||||
| 5.25%, 03/01/2026 |
10,833,650 | 10,847,077 | ||||||
| 5.40%, 04/06/2026 |
14,164,000 | 14,208,438 | ||||||
| 1.50%, 06/10/2026 |
10,828,000 | 10,464,896 | ||||||
| 4.00%, 10/06/2026(b) |
6,441,000 | 6,367,783 | ||||||
| Synchrony Financial, 3.70%, 08/04/2026 |
4,298,000 | 4,235,716 | ||||||
|
|
|
|||||||
| 91,050,491 | ||||||||
|
|
|
|||||||
| Consumer Staples Distribution & Retail-1.05% |
|
|||||||
| Kroger Co. (The) |
||||||||
| 3.50%, 02/01/2026 |
4,299,000 | 4,267,474 | ||||||
| 2.65%, 10/15/2026(b) |
6,444,000 | 6,294,896 | ||||||
| Sysco Corp., 3.30%, 07/15/2026 |
8,594,000 | 8,481,300 | ||||||
| Target Corp., 2.50%, 04/15/2026 |
8,689,000 | 8,555,611 | ||||||
| Walmart, Inc. |
||||||||
| 4.00%, 04/15/2026(b) |
6,537,000 | 6,530,302 | ||||||
| 1.05%, 09/17/2026 |
10,706,000 | 10,308,676 | ||||||
|
|
|
|||||||
| 44,438,259 | ||||||||
|
|
|
|||||||
| Principal Amount |
Value | |||||||
| Containers & Packaging-0.41% |
||||||||
| Berry Global, Inc., 1.57%, 01/15/2026 |
$ | 13,111,000 | $ | 12,823,243 | ||||
| Sonoco Products Co., 4.45%, 09/01/2026 |
4,284,000 | 4,263,888 | ||||||
|
|
|
|||||||
| 17,087,131 | ||||||||
|
|
|
|||||||
| Diversified Telecommunication Services-0.76% |
|
|||||||
| AT&T, Inc., 1.70%, 03/25/2026 |
25,799,000 | 25,199,467 | ||||||
| Verizon Communications, Inc., 1.45%, 03/20/2026(b) |
7,209,000 | 7,041,779 | ||||||
|
|
|
|||||||
| 32,241,246 | ||||||||
|
|
|
|||||||
| Electric Utilities-3.41% |
||||||||
| Commonwealth Edison Co., 2.55%, 06/15/2026 |
4,302,000 | 4,222,877 | ||||||
| Duke Energy Carolinas LLC, 2.95%, 12/01/2026 |
5,160,000 | 5,066,210 | ||||||
| Duke Energy Corp., 2.65%, 09/01/2026(b) |
12,895,000 | 12,620,013 | ||||||
| Emera US Finance L.P. (Canada), 3.55%, 06/15/2026 |
6,423,000 | 6,339,351 | ||||||
| Entergy Arkansas LLC, 3.50%, 04/01/2026(b) |
5,139,000 | 5,103,966 | ||||||
| Entergy Corp., 2.95%, 09/01/2026 |
6,451,000 | 6,327,816 | ||||||
| Exelon Corp., 3.40%, 04/15/2026 |
6,442,000 | 6,375,699 | ||||||
| Florida Power & Light Co., 4.45%, 05/15/2026 |
4,298,000 | 4,299,316 | ||||||
| Fortis, Inc. (Canada), 3.06%, 10/04/2026 |
9,454,000 | 9,265,648 | ||||||
| National Rural Utilities Cooperative Finance Corp. |
||||||||
| 4.45%, 03/13/2026 |
5,153,000 | 5,148,861 | ||||||
| 1.00%, 06/15/2026 |
5,153,000 | 4,974,424 | ||||||
| NextEra Energy Capital Holdings, Inc., 4.95%, 01/29/2026 |
8,591,000 | 8,614,075 | ||||||
| Pacific Gas and Electric Co., 3.15%, 01/01/2026(b) |
16,777,575 | 16,596,491 | ||||||
| PPL Capital Funding, Inc., 3.10%, 05/15/2026 |
5,590,000 | 5,511,285 | ||||||
| San Diego Gas & Electric Co., 2.50%, 05/15/2026 |
4,302,000 | 4,222,691 | ||||||
| Southern California Edison Co. |
||||||||
| 5.35%, 03/01/2026 |
5,174,000 | 5,199,715 | ||||||
| 4.40%, 09/06/2026 |
4,282,000 | 4,265,452 | ||||||
| Southern Co. (The), 3.25%, 07/01/2026 |
15,046,000 | 14,869,464 | ||||||
| Southwestern Electric Power Co., Series N, 1.65%, 03/15/2026 |
4,295,000 | 4,192,735 | ||||||
| Virginia Electric & Power Co., Series A, 3.15%, 01/15/2026 |
6,449,000 | 6,394,124 | ||||||
| Xcel Energy, Inc., 3.35%, 12/01/2026 |
4,301,000 | 4,223,930 | ||||||
|
|
|
|||||||
| 143,834,143 | ||||||||
|
|
|
|||||||
| Electrical Equipment-0.37% |
||||||||
| Emerson Electric Co., 0.88%, 10/15/2026 |
6,445,000 | 6,152,901 | ||||||
| Regal Rexnord Corp., 6.05%, 02/15/2026 |
9,412,000 | 9,462,798 | ||||||
|
|
|
|||||||
| 15,615,699 | ||||||||
|
|
|
|||||||
| Electronic Equipment, Instruments & Components-0.55% |
| |||||||
| Avnet, Inc., 4.63%, 04/15/2026(b) |
4,729,000 | 4,723,114 | ||||||
| Jabil, Inc., 1.70%, 04/15/2026 |
4,285,000 | 4,170,031 | ||||||
| TD SYNNEX Corp., 1.75%, 08/09/2026 |
6,004,000 | 5,779,671 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Corporate Bond ETF (BSCQ)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Electronic Equipment, Instruments & Components-(continued) |
| |||||||
| Tyco Electronics Group S.A. (Switzerland), 4.50%, 02/13/2026(b) |
$ | 4,295,000 | $ | 4,294,712 | ||||
| Vontier Corp., 1.80%, 04/01/2026 |
4,293,000 | 4,188,952 | ||||||
|
|
|
|||||||
| 23,156,480 | ||||||||
|
|
|
|||||||
| Energy Equipment & Services-0.12% |
||||||||
| Baker Hughes Holdings LLC/Baker Hughes Co-Obligor, Inc., 2.06%, 12/15/2026(b) |
5,162,000 | 4,978,178 | ||||||
|
|
|
|||||||
| Entertainment-1.02% |
||||||||
| Netflix, Inc., 4.38%, 11/15/2026 |
8,593,000 | 8,611,134 | ||||||
| Take-Two Interactive Software, Inc., 5.00%, 03/28/2026 |
4,726,000 | 4,737,027 | ||||||
| TWDC Enterprises 18 Corp. |
||||||||
| 3.00%, 02/13/2026 |
8,599,000 | 8,512,118 | ||||||
| 1.85%, 07/30/2026 |
8,591,000 | 8,362,717 | ||||||
| Walt Disney Co. (The), 1.75%, 01/13/2026 |
12,888,000 | 12,690,955 | ||||||
|
|
|
|||||||
| 42,913,951 | ||||||||
|
|
|
|||||||
| Financial Services-3.62% |
||||||||
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland) |
||||||||
| 1.75%, 01/30/2026 |
8,599,000 | 8,426,280 | ||||||
| 2.45%, 10/29/2026 |
32,229,000 | 31,246,776 | ||||||
| Berkshire Hathaway, Inc., 3.13%, 03/15/2026 |
21,488,000 | 21,294,916 | ||||||
| Blackstone Private Credit Fund, 2.63%, 12/15/2026(b) |
10,655,000 | 10,269,574 | ||||||
| Block, Inc., 2.75%, 06/01/2026 |
3,000,000 | 2,927,264 | ||||||
| Fidelity National Information Services, Inc., 1.15%, 03/01/2026(b) |
10,744,000 | 10,469,702 | ||||||
| Fiserv, Inc., 3.20%, 07/01/2026 |
17,192,000 | 16,946,511 | ||||||
| Global Payments, Inc. |
||||||||
| 1.20%, 03/01/2026 |
9,453,000 | 9,201,774 | ||||||
| 4.80%, 04/01/2026 |
6,448,569 | 6,447,052 | ||||||
| Mastercard, Inc., 2.95%, 11/21/2026(b) |
6,428,000 | 6,322,152 | ||||||
| PayPal Holdings, Inc., 2.65%, 10/01/2026(b) |
10,740,000 | 10,514,161 | ||||||
| State Street Bank and Trust Co., 4.59%, 11/25/2026(b) |
9,900,000 | 9,947,663 | ||||||
| Voya Financial, Inc., 3.65%, 06/15/2026 |
3,828,000 | 3,793,664 | ||||||
| Western Union Co. (The), 1.35%, 03/15/2026(b) |
5,160,000 | 5,018,002 | ||||||
|
|
|
|||||||
| 152,825,491 | ||||||||
|
|
|
|||||||
| Food Products-1.27% |
||||||||
| Archer-Daniels-Midland Co., 2.50%, 08/11/2026(b) |
8,595,000 | 8,411,938 | ||||||
| Bunge Ltd. Finance Corp., 3.25%, 08/15/2026 |
5,995,000 | 5,904,665 | ||||||
| Conagra Brands, Inc., 5.30%, 10/01/2026 |
4,293,000 | 4,326,791 | ||||||
| Hershey Co. (The), 2.30%, 08/15/2026 |
4,296,000 | 4,201,740 | ||||||
| Ingredion, Inc., 3.20%, 10/01/2026 |
4,311,000 | 4,231,720 | ||||||
| Kellanova, 3.25%, 04/01/2026 |
6,451,000 | 6,388,654 | ||||||
| Kraft Heinz Foods Co. (The), 3.00%, 06/01/2026 |
16,119,000 | 15,874,011 | ||||||
| McCormick & Co., Inc., 0.90%, 02/15/2026 |
4,295,000 | 4,183,956 | ||||||
|
|
|
|||||||
| 53,523,475 | ||||||||
|
|
|
|||||||
| Principal Amount |
Value | |||||||
| Gas Utilities-0.10% |
||||||||
| Southern California Gas Co., Series TT, 2.60%, 06/15/2026 |
$ | 4,280,000 | $ | 4,198,071 | ||||
|
|
|
|||||||
| Ground Transportation-0.79% |
||||||||
| Canadian National Railway Co. (Canada), 2.75%, 03/01/2026 |
4,300,000 | 4,245,483 | ||||||
| Canadian Pacific Railway Co. (Canada), 1.75%, 12/02/2026(b) |
8,568,000 | 8,239,542 | ||||||
| CSX Corp., 2.60%, 11/01/2026 |
6,015,000 | 5,867,510 | ||||||
| Norfolk Southern Corp., 2.90%, 06/15/2026 |
5,160,000 | 5,081,141 | ||||||
| Union Pacific Corp. |
||||||||
| 4.75%, 02/21/2026(b) |
4,297,000 | 4,307,824 | ||||||
| 2.75%, 03/01/2026 |
5,584,000 | 5,517,617 | ||||||
|
|
|
|||||||
| 33,259,117 | ||||||||
|
|
|
|||||||
| Health Care Equipment & Supplies-0.70% |
| |||||||
| Abbott Laboratories, 3.75%, 11/30/2026 |
14,609,000 | 14,548,872 | ||||||
| Baxter International, Inc., 2.60%, 08/15/2026 |
6,429,000 | 6,282,355 | ||||||
| Stryker Corp., 3.50%, 03/15/2026 |
8,595,000 | 8,525,708 | ||||||
|
|
|
|||||||
| 29,356,935 | ||||||||
|
|
|
|||||||
| Health Care Providers & Services-3.21% |
| |||||||
| Cardinal Health, Inc., 4.70%, 11/15/2026 |
4,280,000 | 4,289,574 | ||||||
| Cigna Group (The) |
||||||||
| 4.50%, 02/25/2026 |
8,990,000 | 8,988,884 | ||||||
| 1.25%, 03/15/2026 |
4,726,000 | 4,604,325 | ||||||
| CVS Health Corp. |
||||||||
| 5.00%, 02/20/2026 |
12,890,000 | 12,909,420 | ||||||
| 2.88%, 06/01/2026 |
15,040,000 | 14,773,205 | ||||||
| Elevance Health, Inc. |
||||||||
| 4.90%, 02/08/2026 |
4,299,000 | 4,299,012 | ||||||
| 1.50%, 03/15/2026(b) |
6,450,000 | 6,297,943 | ||||||
| HCA, Inc. |
||||||||
| 5.88%, 02/15/2026 |
12,888,500 | 12,915,908 | ||||||
| 5.25%, 06/15/2026 |
12,891,000 | 12,906,125 | ||||||
| 5.38%, 09/01/2026 |
8,591,000 | 8,630,004 | ||||||
| Laboratory Corp. of America Holdings, 1.55%, 06/01/2026 |
4,293,000 | 4,171,365 | ||||||
| McKesson Corp., 1.30%, 08/15/2026 |
4,295,000 | 4,146,771 | ||||||
| Quest Diagnostics, Inc., 3.45%, 06/01/2026 |
4,282,000 | 4,239,034 | ||||||
| UnitedHealth Group, Inc. |
||||||||
| 1.25%, 01/15/2026 |
4,302,000 | 4,211,943 | ||||||
| 3.10%, 03/15/2026(b) |
8,570,000 | 8,468,972 | ||||||
| 1.15%, 05/15/2026 |
8,621,000 | 8,353,873 | ||||||
| 4.75%, 07/15/2026 |
5,591,000 | 5,604,916 | ||||||
| Universal Health Services, Inc., 1.65%, 09/01/2026 |
6,013,000 | 5,783,239 | ||||||
|
|
|
|||||||
| 135,594,513 | ||||||||
|
|
|
|||||||
| Health Care REITs-0.60% |
||||||||
| Healthpeak OP LLC, 3.25%, 07/15/2026. |
5,588,000 | 5,504,435 | ||||||
| Omega Healthcare Investors, Inc., 5.25%, 01/15/2026 |
5,159,000 | 5,164,975 | ||||||
| Sabra Health Care L.P., 5.13%, 08/15/2026 |
4,358,000 | 4,353,558 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Corporate Bond ETF (BSCQ)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Health Care REITs-(continued) |
||||||||
| Ventas Realty L.P., 4.13%, 01/15/2026 |
$ | 4,309,000 | $ | 4,288,562 | ||||
| Welltower OP LLC, 4.25%, 04/01/2026(b) |
6,017,000 | 6,000,916 | ||||||
|
|
|
|||||||
| 25,312,446 | ||||||||
|
|
|
|||||||
| Hotels, Restaurants & Leisure-1.16% |
||||||||
| Booking Holdings, Inc., 3.60%, 06/01/2026 |
8,600,000 | 8,536,563 | ||||||
| Expedia Group, Inc., 5.00%, 02/15/2026(b) |
6,442,029 | 6,450,360 | ||||||
| Marriott International, Inc., Series R, 3.13%, 06/15/2026 |
6,451,000 | 6,348,250 | ||||||
| McDonald’s Corp., 3.70%, 01/30/2026 |
15,026,000 | 14,972,371 | ||||||
| Starbucks Corp. |
||||||||
| 4.75%, 02/15/2026 |
8,581,000 | 8,591,966 | ||||||
| 2.45%, 06/15/2026 |
4,298,000 | 4,209,052 | ||||||
|
|
|
|||||||
| 49,108,562 | ||||||||
|
|
|
|||||||
| Household Durables-0.12% |
||||||||
| DR Horton, Inc., 1.30%, 10/15/2026 |
5,157,000 | 4,941,950 | ||||||
|
|
|
|||||||
| Household Products-0.73% |
||||||||
| Colgate-Palmolive Co., 4.80%, 03/02/2026 |
4,294,000 | 4,310,353 | ||||||
| Procter & Gamble Co. (The) |
||||||||
| 4.10%, 01/26/2026 |
5,571,000 | 5,566,783 | ||||||
| 2.70%, 02/02/2026 |
5,157,000 | 5,104,760 | ||||||
| 1.00%, 04/23/2026 |
8,591,000 | 8,349,031 | ||||||
| 2.45%, 11/03/2026 |
7,517,000 | 7,358,978 | ||||||
|
|
|
|||||||
| 30,689,905 | ||||||||
|
|
|
|||||||
| Independent Power and Renewable Electricity Producers-0.16% |
| |||||||
| AES Corp. (The), 1.38%, 01/15/2026 |
6,854,000 | 6,699,357 | ||||||
|
|
|
|||||||
| Industrial Conglomerates-0.43% |
||||||||
| 3M Co., 2.25%, 09/19/2026(b) |
5,588,000 | 5,435,735 | ||||||
| Honeywell International, Inc., 2.50%, 11/01/2026 |
12,891,000 | 12,558,593 | ||||||
|
|
|
|||||||
| 17,994,328 | ||||||||
|
|
|
|||||||
| Insurance-1.36% |
||||||||
| Allstate Corp. (The), 3.28%, 12/15/2026 |
4,723,000 | 4,643,318 | ||||||
| Arch Capital Finance LLC, 4.01%, 12/15/2026 |
4,302,000 | 4,266,399 | ||||||
| Chubb INA Holdings LLC, 3.35%, 05/03/2026 |
12,875,000 | 12,751,320 | ||||||
| CNA Financial Corp., 4.50%, 03/01/2026 |
4,300,000 | 4,293,944 | ||||||
| Loews Corp., 3.75%, 04/01/2026 |
4,294,000 | 4,267,946 | ||||||
| Manulife Financial Corp. (Canada), 4.15%, 03/04/2026(b) |
8,596,000 | 8,570,758 | ||||||
| Marsh & McLennan Cos., Inc., 3.75%, 03/14/2026 |
5,141,000 | 5,116,015 | ||||||
| Old Republic International Corp., 3.88%, 08/26/2026 |
4,727,000 | 4,676,137 | ||||||
| Prudential Financial, Inc., 1.50%, 03/10/2026 |
4,297,000 | 4,199,803 | ||||||
| Trinity Acquisition PLC, 4.40%, 03/15/2026 |
4,727,000 | 4,709,751 | ||||||
|
|
|
|||||||
| 57,495,391 | ||||||||
|
|
|
|||||||
| Interactive Media & Services-0.40% |
||||||||
| Alphabet, Inc., 2.00%, 08/15/2026 |
17,267,000 | 16,838,780 | ||||||
|
|
|
|||||||
| Principal Amount |
Value | |||||||
| IT Services-0.83% |
||||||||
| CGI, Inc. (Canada), 1.45%, 09/14/2026(b) |
$ | 5,137,000 | $ | 4,935,723 | ||||
| DXC Technology Co., 1.80%, 09/15/2026 |
6,019,000 | 5,792,291 | ||||||
| International Business Machines Corp. |
||||||||
| 4.50%, 02/06/2026 |
7,309,000 | 7,308,958 | ||||||
| 3.45%, 02/19/2026 |
11,607,000 | 11,520,523 | ||||||
| Kyndryl Holdings, Inc., 2.05%, 10/15/2026(b) |
5,695,000 | 5,493,983 | ||||||
|
|
|
|||||||
| 35,051,478 | ||||||||
|
|
|
|||||||
| Leisure Products-0.11% |
||||||||
| Hasbro, Inc., 3.55%, 11/19/2026(b) |
4,771,000 | 4,688,775 | ||||||
|
|
|
|||||||
| Life Sciences Tools & Services-0.43% |
||||||||
| Illumina, Inc., 4.65%, 09/09/2026 |
4,300,000 | 4,296,292 | ||||||
| Thermo Fisher Scientific, Inc. |
||||||||
| 4.95%, 08/10/2026 |
5,162,000 | 5,196,399 | ||||||
| 5.00%, 12/05/2026 |
8,595,000 | 8,677,593 | ||||||
|
|
|
|||||||
| 18,170,284 | ||||||||
|
|
|
|||||||
| Machinery-2.87% |
||||||||
| Caterpillar Financial Services Corp. |
||||||||
| 4.80%, 01/06/2026 |
7,736,000 | 7,750,029 | ||||||
| 5.05%, 02/27/2026(b) |
6,879,000 | 6,921,210 | ||||||
| 0.90%, 03/02/2026 |
6,445,000 | 6,284,662 | ||||||
| 4.35%, 05/15/2026 |
12,458,000 | 12,457,018 | ||||||
| 1.15%, 09/14/2026(b) |
4,310,000 | 4,144,640 | ||||||
| 4.45%, 10/16/2026 |
6,445,000 | 6,464,332 | ||||||
| CNH Industrial Capital LLC |
||||||||
| 1.88%, 01/15/2026 |
4,297,000 | 4,224,104 | ||||||
| 1.45%, 07/15/2026 |
5,137,000 | 4,949,865 | ||||||
| Fortive Corp., 3.15%, 06/15/2026 |
7,736,000 | 7,618,585 | ||||||
| Illinois Tool Works, Inc., 2.65%, 11/15/2026(b) |
8,592,000 | 8,421,078 | ||||||
| John Deere Capital Corp. |
||||||||
| 4.80%, 01/09/2026 |
10,313,000 | 10,339,315 | ||||||
| 0.70%, 01/15/2026(b) |
7,740,000 | 7,568,054 | ||||||
| 5.05%, 03/03/2026(b) |
4,713,000 | 4,737,670 | ||||||
| 4.75%, 06/08/2026(b) |
5,154,000 | 5,177,757 | ||||||
| 2.65%, 06/10/2026(b) |
4,297,000 | 4,226,778 | ||||||
| 1.05%, 06/17/2026 |
4,730,000 | 4,573,899 | ||||||
| 5.15%, 09/08/2026 |
4,730,000 | 4,783,269 | ||||||
| Wabtec Corp., 3.45%, 11/15/2026 |
6,446,000 | 6,338,505 | ||||||
| Xylem, Inc., 3.25%, 11/01/2026(b) |
4,279,000 | 4,207,105 | ||||||
|
|
|
|||||||
| 121,187,875 | ||||||||
|
|
|
|||||||
| Media-1.07% |
||||||||
| Charter Communications Operating LLC/ Charter Communications Operating Capital Corp., 6.15%, 11/10/2026 |
9,457,000 | 9,626,677 | ||||||
| Comcast Corp., 3.15%, 03/01/2026(b) |
18,016,000 | 17,846,619 | ||||||
| Discovery Communications LLC, 4.90%, 03/11/2026 |
5,588,000 | 5,580,252 | ||||||
| Omnicom Group, Inc./Omnicom Capital, Inc., 3.60%, 04/15/2026 |
12,036,000 | 11,919,009 | ||||||
|
|
|
|||||||
| 44,972,557 | ||||||||
|
|
|
|||||||
| Multi-Utilities-0.87% |
||||||||
| Ameren Corp., 5.70%, 12/01/2026 |
5,162,000 | 5,245,073 | ||||||
| CenterPoint Energy, Inc., 1.45%, 06/01/2026 |
4,284,000 | 4,153,380 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Corporate Bond ETF (BSCQ)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Multi-Utilities-(continued) |
||||||||
| Dominion Energy, Inc., Series A, 1.45%, 04/15/2026 |
$ | 4,842,000 | $ | 4,712,379 | ||||
| DTE Electric Co., 4.85%, 12/01/2026 |
4,294,000 | 4,340,152 | ||||||
| DTE Energy Co., 2.85%, 10/01/2026(b) |
5,138,000 | 5,026,316 | ||||||
| Sempra, 5.40%, 08/01/2026 |
4,729,000 | 4,768,588 | ||||||
| WEC Energy Group, Inc., 4.75%, 01/09/2026(b) |
8,596,000 | 8,603,217 | ||||||
|
|
|
|||||||
| 36,849,105 | ||||||||
|
|
|
|||||||
| Office REITs-0.40% |
||||||||
| Boston Properties L.P. |
||||||||
| 3.65%, 02/01/2026 |
8,601,000 | 8,536,299 | ||||||
| 2.75%, 10/01/2026 |
8,654,000 | 8,423,332 | ||||||
|
|
|
|||||||
| 16,959,631 | ||||||||
|
|
|
|||||||
| Oil, Gas & Consumable Fuels-6.17% |
||||||||
| Boardwalk Pipelines L.P., 5.95%, 06/01/2026 |
4,732,000 | 4,771,576 | ||||||
| Chevron Corp., 2.95%, 05/16/2026 |
19,337,000 | 19,103,593 | ||||||
| Diamondback Energy, Inc., 3.25%, 12/01/2026 |
6,446,000 | 6,322,794 | ||||||
| Enbridge, Inc. (Canada) |
||||||||
| 1.60%, 10/04/2026 |
4,301,000 | 4,136,390 | ||||||
| 5.90%, 11/15/2026 |
6,446,000 | 6,556,610 | ||||||
| 4.25%, 12/01/2026 |
6,451,000 | 6,422,989 | ||||||
| Energy Transfer L.P. |
||||||||
| 4.75%, 01/15/2026 |
8,580,954 | 8,572,083 | ||||||
| 3.90%, 07/15/2026 |
4,726,000 | 4,687,561 | ||||||
| 6.05%, 12/01/2026 |
8,595,000 | 8,762,542 | ||||||
| Enterprise Products Operating LLC |
||||||||
| 5.05%, 01/10/2026 |
6,445,000 | 6,466,960 | ||||||
| 3.70%, 02/15/2026(b) |
7,492,000 | 7,450,157 | ||||||
| EOG Resources, Inc., 4.15%, 01/15/2026 |
6,444,000 | 6,430,206 | ||||||
| Equinor ASA (Norway), 1.75%, 01/22/2026 |
6,447,000 | 6,332,661 | ||||||
| Exxon Mobil Corp. |
||||||||
| 3.04%, 03/01/2026 |
21,483,000 | 21,274,808 | ||||||
| 2.28%, 08/16/2026(b) |
8,567,000 | 8,380,782 | ||||||
| Kinder Morgan, Inc., 1.75%, 11/15/2026(b) |
4,282,000 | 4,115,703 | ||||||
| MPLX L.P., 1.75%, 03/01/2026 |
12,892,000 | 12,604,080 | ||||||
| ONEOK, Inc. |
||||||||
| 5.85%, 01/15/2026 |
5,159,000 | 5,189,101 | ||||||
| 5.00%, 03/01/2026 |
5,590,000 | 5,599,269 | ||||||
| 5.55%, 11/01/2026 |
6,448,000 | 6,522,902 | ||||||
| Ovintiv, Inc., 5.38%, 01/01/2026 |
3,944,000 | 3,946,208 | ||||||
| Phillips 66, 1.30%, 02/15/2026 |
4,299,000 | 4,199,061 | ||||||
| Pioneer Natural Resources Co. |
||||||||
| 1.13%, 01/15/2026 |
6,422,000 | 6,288,575 | ||||||
| 5.10%, 03/29/2026 |
9,457,000 | 9,504,089 | ||||||
| Plains All American Pipeline L.P./PAA Finance Corp., 4.50%, 12/15/2026 |
6,448,000 | 6,439,551 | ||||||
| Sabine Pass Liquefaction LLC, 5.88%, 06/30/2026 |
12,889,000 | 12,968,821 | ||||||
| Shell International Finance B.V. |
||||||||
| 2.88%, 05/10/2026 |
15,045,000 | 14,855,100 | ||||||
| 2.50%, 09/12/2026(b) |
8,593,000 | 8,420,787 | ||||||
| Spectra Energy Partners L.P., 3.38%, 10/15/2026 |
5,161,000 | 5,071,622 | ||||||
| TransCanada PipeLines Ltd. (Canada), 4.88%, 01/15/2026(b) |
7,286,000 | 7,289,778 | ||||||
| Principal Amount |
Value | |||||||
| Oil, Gas & Consumable Fuels-(continued) |
| |||||||
| Transcontinental Gas Pipe Line Co. LLC, 7.85%, 02/01/2026 |
$ | 8,594,049 | $ | 8,700,768 | ||||
| Valero Energy Corp., 3.40%, 09/15/2026 |
3,663,000 | 3,613,891 | ||||||
| Williams Cos., Inc. (The), 5.40%, 03/02/2026 |
9,452,000 | 9,500,761 | ||||||
|
|
|
|||||||
| 260,501,779 | ||||||||
|
|
|
|||||||
| Passenger Airlines-0.14% |
||||||||
| Delta Air Lines, Inc., 7.38%, 01/15/2026(b) |
5,937,000 | 6,010,375 | ||||||
|
|
|
|||||||
| Personal Care Products-0.29% |
||||||||
| Kenvue, Inc., 5.35%, 03/22/2026(b) |
6,440,000 | 6,488,409 | ||||||
| Unilever Capital Corp. (United Kingdom), 2.00%, 07/28/2026(b) |
6,014,000 | 5,868,720 | ||||||
|
|
|
|||||||
| 12,357,129 | ||||||||
|
|
|
|||||||
| Pharmaceuticals-2.38% |
||||||||
| AstraZeneca Finance LLC (United Kingdom), 1.20%, 05/28/2026 |
10,831,000 | 10,518,006 | ||||||
| AstraZeneca PLC (United Kingdom), 0.70%, 04/08/2026 |
10,302,000 | 9,997,415 | ||||||
| Bristol-Myers Squibb Co., 4.95%, 02/20/2026 |
8,596,000 | 8,626,197 | ||||||
| Eli Lilly and Co., 5.00%, 02/27/2026(b) |
6,446,000 | 6,446,268 | ||||||
| Johnson & Johnson, 2.45%, 03/01/2026 |
17,195,000 | 16,934,462 | ||||||
| Merck & Co., Inc., 0.75%, 02/24/2026(b) |
8,598,000 | 8,380,372 | ||||||
| Pfizer, Inc. |
||||||||
| 2.75%, 06/03/2026(b) |
10,748,000 | 10,583,919 | ||||||
| 3.00%, 12/15/2026(b) |
15,045,000 | 14,814,089 | ||||||
| Utah Acquisition Sub, Inc., 3.95%, 06/15/2026 |
14,376,000 | 14,191,156 | ||||||
|
|
|
|||||||
| 100,491,884 | ||||||||
|
|
|
|||||||
| Professional Services-0.27% |
||||||||
| Broadridge Financial Solutions, Inc., 3.40%, 06/27/2026 |
4,279,000 | 4,217,489 | ||||||
| Concentrix Corp., 6.65%, 08/02/2026 |
6,874,000 | 6,997,841 | ||||||
|
|
|
|||||||
| 11,215,330 | ||||||||
|
|
|
|||||||
| Residential REITs-0.20% |
||||||||
| Camden Property Trust, 5.85%, 11/03/2026 |
4,295,000 | 4,371,758 | ||||||
| ERP Operating L.P., 2.85%, 11/01/2026 |
4,298,000 | 4,207,850 | ||||||
|
|
|
|||||||
| 8,579,608 | ||||||||
|
|
|
|||||||
| Retail REITs-0.89% |
||||||||
| Brixmor Operating Partnership L.P., 4.13%, 06/15/2026 |
5,155,000 | 5,127,150 | ||||||
| Kimco Realty OP LLC, 2.80%, 10/01/2026 |
4,300,000 | 4,201,065 | ||||||
| Realty Income Corp. |
||||||||
| 5.05%, 01/13/2026(b) |
4,280,000 | 4,272,041 | ||||||
| 4.88%, 06/01/2026(b) |
5,158,000 | 5,170,568 | ||||||
| 4.13%, 10/15/2026 |
5,571,000 | 5,544,094 | ||||||
| Simon Property Group L.P. |
||||||||
| 3.30%, 01/15/2026 |
6,880,000 | 6,828,889 | ||||||
| 3.25%, 11/30/2026 |
6,451,000 | 6,347,398 | ||||||
|
|
|
|||||||
| 37,491,205 | ||||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Corporate Bond ETF (BSCQ)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Semiconductors & Semiconductor Equipment-1.36% |
| |||||||
| Advanced Micro Devices, Inc., 4.21%, 09/24/2026(b) |
$ | 7,520,000 | $ | 7,527,060 | ||||
| Analog Devices, Inc., 3.50%, 12/05/2026 |
7,706,000 | 7,621,015 | ||||||
| Intel Corp. |
||||||||
| 4.88%, 02/10/2026 |
12,913,000 | 12,922,213 | ||||||
| 2.60%, 05/19/2026 |
8,595,995 | 8,433,022 | ||||||
| Marvell Technology, Inc., 1.65%, 04/15/2026 |
4,302,000 | 4,192,100 | ||||||
| NVIDIA Corp., 3.20%, 09/16/2026 |
8,593,000 | 8,495,529 | ||||||
| Skyworks Solutions, Inc., 1.80%, 06/01/2026 |
4,316,000 | 4,165,730 | ||||||
| Texas Instruments, Inc., 1.13%, 09/15/2026(b) |
4,295,000 | 4,132,776 | ||||||
|
|
|
|||||||
| 57,489,445 | ||||||||
|
|
|
|||||||
| Software-2.63% |
||||||||
| Fortinet, Inc., 1.00%, 03/15/2026(b) |
4,286,000 | 4,167,067 | ||||||
| Intuit, Inc., 5.25%, 09/15/2026(b) |
6,451,000 | 6,524,704 | ||||||
| Microsoft Corp., 2.40%, 08/08/2026 |
34,377,000 | 33,713,003 | ||||||
| Oracle Corp. |
||||||||
| 1.65%, 03/25/2026 |
23,632,000 | 23,060,680 | ||||||
| 2.65%, 07/15/2026 |
25,784,000 | 25,250,428 | ||||||
| Roper Technologies, Inc., 3.80%, 12/15/2026 |
6,018,000 | 5,966,109 | ||||||
| VMware LLC, 1.40%, 08/15/2026 |
12,892,000 | 12,416,331 | ||||||
|
|
|
|||||||
| 111,098,322 | ||||||||
|
|
|
|||||||
| Specialized REITs-1.92% |
||||||||
| American Tower Corp. |
||||||||
| 4.40%, 02/15/2026 |
4,299,000 | 4,291,155 | ||||||
| 1.60%, 04/15/2026 |
6,021,000 | 5,862,021 | ||||||
| 1.45%, 09/15/2026(b) |
5,161,000 | 4,962,275 | ||||||
| 3.38%, 10/15/2026(b) |
8,600,000 | 8,473,459 | ||||||
| Crown Castle, Inc. |
||||||||
| 4.45%, 02/15/2026 |
7,737,000 | 7,728,211 | ||||||
| 3.70%, 06/15/2026 |
6,450,000 | 6,383,167 | ||||||
| 1.05%, 07/15/2026 |
8,600,000 | 8,251,067 | ||||||
| Equinix, Inc., 1.45%, 05/15/2026 |
6,015,000 | 5,833,801 | ||||||
| Extra Space Storage L.P., 3.50%, 07/01/2026 |
5,012,000 | 4,958,281 | ||||||
| GLP Capital L.P./GLP Financing II, Inc., 5.38%, 04/15/2026 |
8,393,000 | 8,379,768 | ||||||
| Public Storage Operating Co. |
||||||||
| 0.88%, 02/15/2026 |
4,301,000 | 4,193,298 | ||||||
| 1.50%, 11/09/2026(b) |
5,588,000 | 5,365,205 | ||||||
| Weyerhaeuser Co., 4.75%, 05/15/2026 |
6,450,000 | 6,462,099 | ||||||
|
|
|
|||||||
| 81,143,807 | ||||||||
|
|
|
|||||||
| Specialty Retail-2.82% |
||||||||
| Dell International LLC/EMC Corp. |
||||||||
| 6.02%, 06/15/2026 |
21,371,000 | 21,572,781 | ||||||
| 4.90%, 10/01/2026 |
14,811,500 | 14,855,644 | ||||||
| Home Depot, Inc. (The) |
||||||||
| 3.00%, 04/01/2026(b) |
11,175,000 | 11,061,685 | ||||||
| 5.15%, 06/25/2026 |
12,890,000 | 13,012,794 | ||||||
| 2.13%, 09/15/2026(b) |
8,593,000 | 8,380,767 | ||||||
| 4.95%, 09/30/2026 |
6,441,500 | 6,500,461 | ||||||
| Lowe’s Cos., Inc. |
||||||||
| 4.80%, 04/01/2026 |
8,596,000 | 8,613,820 | ||||||
| 2.50%, 04/15/2026 |
11,603,000 | 11,417,845 | ||||||
| Principal Amount |
Value | |||||||
| Specialty Retail-(continued) |
||||||||
| O’Reilly Automotive, Inc. |
||||||||
| 3.55%, 03/15/2026(b) |
$ | 4,279,000 | $ | 4,247,468 | ||||
| 5.75%, 11/20/2026 |
6,442,000 | 6,552,802 | ||||||
| Ross Stores, Inc., 0.88%, 04/15/2026 |
4,314,000 | 4,181,811 | ||||||
| TJX Cos., Inc. (The), 2.25%, 09/15/2026 |
8,597,000 | 8,387,463 | ||||||
|
|
|
|||||||
| 118,785,341 | ||||||||
|
|
|
|||||||
| Technology Hardware, Storage & Peripherals-2.83% |
|
|||||||
| Apple, Inc. |
||||||||
| 0.70%, 02/08/2026(b) |
21,466,000 | 20,946,857 | ||||||
| 3.25%, 02/23/2026 |
27,933,000 | 27,705,653 | ||||||
| 4.42%, 05/08/2026(b) |
8,593,000 | 8,582,236 | ||||||
| 2.45%, 08/04/2026 |
19,420,000 | 19,056,946 | ||||||
| 2.05%, 09/11/2026 |
17,195,000 | 16,755,415 | ||||||
| Hewlett Packard Enterprise Co. |
||||||||
| 1.75%, 04/01/2026 |
6,447,000 | 6,297,110 | ||||||
| 4.45%, 09/25/2026 |
10,744,000 | 10,730,954 | ||||||
| HP, Inc., 1.45%, 06/17/2026 |
4,438,000 | 4,293,096 | ||||||
| IBM International Capital Pte. Ltd., 4.70%, 02/05/2026(b) |
5,159,000 | 5,164,999 | ||||||
|
|
|
|||||||
| 119,533,266 | ||||||||
|
|
|
|||||||
| Textiles, Apparel & Luxury Goods-0.20% |
| |||||||
| NIKE, Inc., 2.38%, 11/01/2026(b) |
8,571,000 | 8,362,221 | ||||||
|
|
|
|||||||
| Tobacco-1.24% |
||||||||
| Altria Group, Inc., 2.63%, 09/16/2026(b) |
4,279,000 | 4,180,521 | ||||||
| B.A.T. Capital Corp. (United Kingdom), 3.22%, 09/06/2026 |
8,593,000 | 8,449,886 | ||||||
| B.A.T. International Finance PLC (United Kingdom), 1.67%, 03/25/2026 |
12,894,000 | 12,590,919 | ||||||
| Philip Morris International, Inc. |
||||||||
| 4.88%, 02/13/2026 |
14,612,000 | 14,649,508 | ||||||
| 2.75%, 02/25/2026 |
6,442,000 | 6,359,797 | ||||||
| 0.88%, 05/01/2026 |
6,445,000 | 6,240,299 | ||||||
|
|
|
|||||||
| 52,470,930 | ||||||||
|
|
|
|||||||
| Trading Companies & Distributors-0.66% |
| |||||||
| Air Lease Corp. |
||||||||
| 2.88%, 01/15/2026(b) |
12,422,000 | 12,275,731 | ||||||
| 5.30%, 06/25/2026 |
5,251,000 | 5,287,260 | ||||||
| 1.88%, 08/15/2026 |
10,400,000 | 10,057,458 | ||||||
|
|
|
|||||||
| 27,620,449 | ||||||||
|
|
|
|||||||
| Wireless Telecommunication Services-1.01% |
|
|||||||
| Rogers Communications, Inc. (Canada), 2.90%, 11/15/2026 |
4,312,000 | 4,205,745 | ||||||
| Sprint LLC, 7.63%, 03/01/2026 |
12,892,000 | 13,035,007 | ||||||
| T-Mobile USA, Inc. |
||||||||
| 2.25%, 02/15/2026 |
15,467,000 | 15,210,976 | ||||||
| 2.63%, 04/15/2026(b) |
10,313,000 | 10,159,660 | ||||||
|
|
|
|||||||
| 42,611,388 | ||||||||
|
|
|
|||||||
| Total U.S. Dollar Denominated Bonds & Notes |
|
4,167,097,502 | ||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Corporate Bond ETF (BSCQ)–(continued)
May 31, 2025
(Unaudited)
| Shares | Value | |||||||
| Money Market Funds-0.32% |
||||||||
| Invesco Government & Agency Portfolio, Institutional Class, 4.24%(c)(d) |
13,705,525 | $ | 13,705,525 | |||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral
from securities on loan)-99.08% |
4,180,803,027 | |||||||
|
|
|
|||||||
| Investments Purchased with Cash Collateral from Securities on Loan |
|
|||||||
| Money Market Funds-6.18% |
|
|||||||
| Invesco Private Government Fund, 4.29%(c)(d)(e) |
72,238,369 | 72,238,369 | ||||||
| Shares | Value | |||||||
| Money Market Funds-(continued) |
|
|||||||
| Invesco Private Prime Fund, 4.45%(c)(d)(e) |
188,386,648 | $ | 188,424,325 | |||||
|
|
|
|||||||
| Total Investments Purchased with Cash Collateral from Securities on
Loan |
|
260,662,694 | ||||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN
SECURITIES-105.26% |
|
4,441,465,721 | ||||||
| OTHER ASSETS LESS LIABILITIES-(5.26)% |
|
(222,039,967 | ) | |||||
|
|
|
|||||||
| NET ASSETS-100.00% |
$ | 4,219,425,754 | ||||||
|
|
|
|||||||
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) | All or a portion of this security was out on loan at May 31, 2025. |
| (c) | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the nine months ended May 31, 2025. |
| Value August 31, 2024 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized Appreciation (Depreciation) |
Realized Gain (Loss) |
Value May 31, 2025 |
Dividend Income | |||||||||||||||||||||||||||||
| Investments in Affiliated Money Market Funds: | |||||||||||||||||||||||||||||||||||
| Invesco Government & Agency Portfolio, Institutional Class | $ | 3,810,675 | $ | 211,990,290 | $ | (202,095,440 | ) | $ | - | $ | - | $ | 13,705,525 | $ | 573,882 | ||||||||||||||||||||
| Investments Purchased with Cash Collateral from Securities on Loan: | |||||||||||||||||||||||||||||||||||
| Invesco Private Government Fund | 100,856,094 | 343,762,359 | (372,380,084 | ) | - | - | 72,238,369 | 3,128,439 | * | ||||||||||||||||||||||||||
| Invesco Private Prime Fund | 263,178,826 | 768,817,295 | (843,522,157 | ) | (23,155 | ) | (26,484 | ) | 188,424,325 | 8,377,753 | * | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||
| Total | $ | 367,845,595 | $ | 1,324,569,944 | $ | (1,417,997,681 | ) | $ | (23,155 | ) | $ | (26,484 | ) | $ | 274,368,219 | $ | 12,080,074 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||
| * | Represents the income earned on the investment of cash collateral. 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 May 31, 2025. |
| (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. |
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments(a)
Invesco BulletShares 2027 Corporate Bond ETF (BSCR)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| U.S. Dollar Denominated Bonds & Notes-98.81% |
| |||||||
| Aerospace & Defense-2.02% |
||||||||
| Boeing Co. (The) |
||||||||
| 5.04%, 05/01/2027(b) |
$ | 15,364,000 | $ | 15,461,848 | ||||
| 6.26%, 05/01/2027 |
7,679,000 | 7,896,035 | ||||||
| General Dynamics Corp. |
||||||||
| 3.50%, 04/01/2027 |
5,740,000 | 5,681,718 | ||||||
| 2.63%, 11/15/2027 |
3,815,000 | 3,680,920 | ||||||
| Howmet Aerospace, Inc., 5.90%, 02/01/2027(b) |
4,803,000 | 4,929,439 | ||||||
| Huntington Ingalls Industries, Inc., 3.48%, 12/01/2027 |
4,577,000 | 4,455,199 | ||||||
| L3Harris Technologies, Inc., 5.40%, 01/15/2027 |
9,592,000 | 9,727,850 | ||||||
| Lockheed Martin Corp., 5.10%, 11/15/2027(b) |
5,787,000 | 5,927,376 | ||||||
| Northrop Grumman Corp., 3.20%, 02/01/2027 |
5,741,000 | 5,633,932 | ||||||
| RTX Corp., 3.13%, 05/04/2027 |
8,444,000 | 8,249,248 | ||||||
|
|
|
|||||||
| 71,643,565 | ||||||||
|
|
|
|||||||
| Air Freight & Logistics-0.21% |
||||||||
| United Parcel Service, Inc., 3.05%, 11/15/2027(b) |
7,692,000 | 7,500,975 | ||||||
|
|
|
|||||||
| Automobile Components-0.50% |
||||||||
| BorgWarner, Inc., 2.65%, 07/01/2027 |
8,399,000 | 8,071,358 | ||||||
| Lear Corp., 3.80%, 09/15/2027 |
4,196,000 | 4,105,806 | ||||||
| United Rentals (North America), Inc., 3.88%, 11/15/2027(b) |
5,725,000 | 5,599,546 | ||||||
|
|
|
|||||||
| 17,776,710 | ||||||||
|
|
|
|||||||
| Automobiles-5.27% |
||||||||
| American Honda Finance Corp. |
||||||||
| 2.35%, 01/08/2027 |
3,834,000 | 3,704,991 | ||||||
| 4.90%, 03/12/2027 |
5,401,000 | 5,438,700 | ||||||
| 4.90%, 07/09/2027(b) |
5,405,000 | 5,441,859 | ||||||
| 4.45%, 10/22/2027 |
5,787,000 | 5,773,985 | ||||||
| Ford Motor Credit Co. LLC |
||||||||
| 4.27%, 01/09/2027 |
6,919,000 | 6,771,808 | ||||||
| 5.80%, 03/05/2027 |
11,508,000 | 11,499,696 | ||||||
| 5.85%, 05/17/2027 |
11,533,000 | 11,522,595 | ||||||
| 4.95%, 05/28/2027 |
11,534,000 | 11,369,329 | ||||||
| 4.13%, 08/17/2027 |
9,605,000 | 9,268,941 | ||||||
| 3.82%, 11/02/2027(b) |
5,765,000 | 5,505,822 | ||||||
| 7.35%, 11/04/2027 |
11,516,000 | 11,856,725 | ||||||
| General Motors Co. |
||||||||
| 4.20%, 10/01/2027(b) |
5,769,000 | 5,677,014 | ||||||
| 6.80%, 10/01/2027 |
7,636,000 | 7,917,376 | ||||||
| Honda Motor Co. Ltd. (Japan), 2.53%, 03/10/2027(b) |
7,642,000 | 7,389,694 | ||||||
| PACCAR Financial Corp. |
||||||||
| 5.00%, 05/13/2027 |
3,836,000 | 3,893,463 | ||||||
| 4.45%, 08/06/2027 |
5,401,000 | 5,435,108 | ||||||
| Principal Amount |
Value | |||||||
| Automobiles-(continued) |
||||||||
| Toyota Motor Credit Corp. |
||||||||
| 4.60%, 01/08/2027(b) |
$ | 4,961,000 | $ | 4,987,918 | ||||
| 3.20%, 01/11/2027 |
5,728,000 | 5,629,006 | ||||||
| 1.90%, 01/13/2027 |
5,725,000 | 5,507,984 | ||||||
| 3.05%, 03/22/2027 |
10,746,000 | 10,510,215 | ||||||
| 4.50%, 05/14/2027 |
7,670,000 | 7,698,156 | ||||||
| 1.15%, 08/13/2027 |
4,640,000 | 4,343,293 | ||||||
| 4.55%, 09/20/2027 |
7,706,000 | 7,742,777 | ||||||
| 4.35%, 10/08/2027 |
9,550,000 | 9,551,882 | ||||||
| 5.45%, 11/10/2027(b) |
5,402,000 | 5,548,198 | ||||||
| Series B, 5.00%, 03/19/2027 |
6,919,000 | 7,006,660 | ||||||
|
|
|
|||||||
| 186,993,195 | ||||||||
|
|
|
|||||||
| Banks-12.11% |
||||||||
| Banco Santander S.A. (Spain) |
||||||||
| 4.25%, 04/11/2027 |
7,636,000 | 7,576,331 | ||||||
| 5.29%, 08/18/2027 |
13,451,000 | 13,627,358 | ||||||
| Bank of America Corp. |
||||||||
| 3.25%, 10/21/2027 |
18,952,000 | 18,493,377 | ||||||
| Series L, 4.18%, 11/25/2027 |
15,376,000 | 15,246,417 | ||||||
| Bank of Montreal (Canada) |
||||||||
| 2.65%, 03/08/2027(b) |
9,617,000 | 9,337,880 | ||||||
| 5.37%, 06/04/2027(b) |
5,791,000 | 5,900,449 | ||||||
| Series H, 4.70%, 09/14/2027(b) |
7,705,000 | 7,749,897 | ||||||
| Bank of Nova Scotia (The) (Canada) |
||||||||
| 1.95%, 02/02/2027(b) |
5,728,000 | 5,514,787 | ||||||
| 2.95%, 03/11/2027 |
5,402,000 | 5,270,967 | ||||||
| 5.40%, 06/04/2027(b) |
6,556,000 | 6,684,845 | ||||||
| Canadian Imperial Bank of Commerce (Canada) |
||||||||
| 3.45%, 04/07/2027(b) |
7,707,000 | 7,575,674 | ||||||
| 5.24%, 06/28/2027 |
10,379,000 | 10,533,802 | ||||||
| Citigroup, Inc., 4.45%, 09/29/2027(b) |
29,388,000 | 29,271,736 | ||||||
| Cooperatieve Rabobank U.A. (Netherlands), 5.04%, 03/05/2027(b) |
4,995,000 | 5,068,268 | ||||||
| Fifth Third Bancorp, 2.55%, 05/05/2027 |
5,787,000 | 5,572,487 | ||||||
| Fifth Third Bank N.A., 2.25%, 02/01/2027 |
4,579,000 | 4,418,619 | ||||||
| HSBC USA, Inc., 5.29%, 03/04/2027 |
7,637,000 | 7,752,088 | ||||||
| JPMorgan Chase & Co. |
||||||||
| 8.00%, 04/29/2027 |
3,818,000 | 4,067,429 | ||||||
| 4.25%, 10/01/2027 |
11,451,000 | 11,453,167 | ||||||
| 3.63%, 12/01/2027(b) |
8,397,000 | 8,248,889 | ||||||
| KeyBank N.A., 5.85%, 11/15/2027(b) |
7,634,000 | 7,832,575 | ||||||
| KeyCorp, 2.25%, 04/06/2027(b) |
6,118,000 | 5,858,290 | ||||||
| Lloyds Banking Group PLC (United Kingdom), 3.75%, 01/11/2027 |
9,577,000 | 9,464,641 | ||||||
| Manufacturers and Traders Trust Co., 3.40%, 08/17/2027 |
3,818,000 | 3,704,475 | ||||||
| Mitsubishi UFJ Financial Group, Inc. (Japan) |
||||||||
| 3.68%, 02/22/2027 |
7,631,000 | 7,536,741 | ||||||
| 3.29%, 07/25/2027 |
7,684,000 | 7,519,627 | ||||||
| Mizuho Financial Group, Inc. (Japan) |
||||||||
| 3.66%, 02/28/2027 |
3,812,000 | 3,758,520 | ||||||
| 3.17%, 09/11/2027(b) |
8,458,000 | 8,229,885 | ||||||
| PNC Bank N.A., 3.10%, 10/25/2027(b) |
7,691,000 | 7,476,197 | ||||||
| PNC Financial Services Group, Inc. (The), 3.15%, 05/19/2027(b) |
5,761,000 | 5,636,531 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Corporate Bond ETF (BSCR)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Banks-(continued) |
||||||||
| Royal Bank of Canada (Canada) |
||||||||
| 4.88%, 01/19/2027(b) |
$ | 9,615,000 | $ | 9,697,616 | ||||
| 2.05%, 01/21/2027 |
3,848,000 | 3,715,700 | ||||||
| 3.63%, 05/04/2027(b) |
9,157,000 | 9,038,393 | ||||||
| 4.24%, 08/03/2027 |
9,592,000 | 9,571,972 | ||||||
| 6.00%, 11/01/2027 |
10,383,000 | 10,763,041 | ||||||
| Santander Holdings USA, Inc., 4.40%, 07/13/2027(b) |
8,011,000 | 7,943,262 | ||||||
| Standard Chartered Bank of New York (United Kingdom), 4.85%, 12/03/2027(b) |
3,840,000 | 3,871,838 | ||||||
| Sumitomo Mitsui Financial Group, Inc. (Japan) |
||||||||
| 3.45%, 01/11/2027(b) |
9,612,000 | 9,472,658 | ||||||
| 2.17%, 01/14/2027(b) |
3,818,000 | 3,685,376 | ||||||
| 3.36%, 07/12/2027(b) |
13,453,000 | 13,179,151 | ||||||
| 3.35%, 10/18/2027 |
5,719,000 | 5,579,785 | ||||||
| Toronto-Dominion Bank (The) (Canada) |
||||||||
| 1.95%, 01/12/2027(b) |
5,720,000 | 5,500,356 | ||||||
| 2.80%, 03/10/2027(b) |
8,473,000 | 8,242,356 | ||||||
| 4.98%, 04/05/2027(b) |
6,548,000 | 6,605,610 | ||||||
| 4.11%, 06/08/2027(b) |
11,446,000 | 11,361,754 | ||||||
| 4.69%, 09/15/2027 |
11,530,000 | 11,584,434 | ||||||
| Truist Financial Corp., 1.13%, 08/03/2027(b) |
5,722,000 | 5,349,437 | ||||||
| U.S. Bancorp, Series X, 3.15%, 04/27/2027(b) |
9,995,000 | 9,795,239 | ||||||
| UBS AG (Switzerland), 5.00%, 07/09/2027 |
9,148,000 | 9,251,058 | ||||||
| Wells Fargo & Co., 4.30%, 07/22/2027 |
19,080,000 | 18,995,558 | ||||||
|
|
|
|||||||
| 429,586,543 | ||||||||
|
|
|
|||||||
| Beverages-1.72% |
||||||||
| Coca-Cola Co. (The) |
||||||||
| 3.38%, 03/25/2027(b) |
7,630,000 | 7,549,229 | ||||||
| 2.90%, 05/25/2027(b) |
3,845,000 | 3,766,026 | ||||||
| 1.45%, 06/01/2027(b) |
11,532,000 | 10,980,094 | ||||||
| Constellation Brands, Inc. |
||||||||
| 3.50%, 05/09/2027(b) |
3,878,000 | 3,799,198 | ||||||
| 4.35%, 05/09/2027 |
4,609,000 | 4,599,063 | ||||||
| Diageo Capital PLC (United Kingdom), 5.30%, 10/24/2027 |
5,721,000 | 5,843,309 | ||||||
| Keurig Dr Pepper, Inc., 5.10%, 03/15/2027(b) |
5,725,000 | 5,781,403 | ||||||
| PepsiCo, Inc. |
||||||||
| 4.40%, 02/07/2027(b) |
3,845,000 | 3,860,968 | ||||||
| 2.63%, 03/19/2027(b) |
3,846,000 | 3,747,818 | ||||||
| 3.00%, 10/15/2027 |
11,535,000 | 11,238,992 | ||||||
|
|
|
|||||||
| 61,166,100 | ||||||||
|
|
|
|||||||
| Biotechnology-1.48% |
||||||||
| AbbVie, Inc., 4.80%, 03/15/2027(b) |
17,267,000 | 17,437,615 | ||||||
| Amgen, Inc. |
||||||||
| 2.20%, 02/21/2027 |
13,210,000 | 12,731,040 | ||||||
| 3.20%, 11/02/2027(b) |
7,691,000 | 7,482,428 | ||||||
| Gilead Sciences, Inc. |
||||||||
| 2.95%, 03/01/2027(b) |
9,539,000 | 9,359,238 | ||||||
| 1.20%, 10/01/2027(b) |
5,790,000 | 5,418,702 | ||||||
|
|
|
|||||||
| 52,429,023 | ||||||||
|
|
|
|||||||
| Principal Amount |
Value | |||||||
| Broadline Retail-2.04% |
||||||||
| Amazon.com, Inc. |
||||||||
| 3.30%, 04/13/2027(b) |
$ | 15,350,000 | $ | 15,148,260 | ||||
| 1.20%, 06/03/2027(b) |
9,596,000 | 9,071,795 | ||||||
| 3.15%, 08/22/2027 |
26,814,000 | 26,277,952 | ||||||
| 4.55%, 12/01/2027 |
15,265,000 | 15,434,140 | ||||||
| eBay, Inc., 3.60%, 06/05/2027(b) |
6,523,000 | 6,427,396 | ||||||
|
|
|
|||||||
| 72,359,543 | ||||||||
|
|
|
|||||||
| Building Products-0.24% |
||||||||
| Carlisle Cos., Inc., 3.75%, 12/01/2027(b) |
4,577,000 | 4,485,811 | ||||||
| Owens Corning, 5.50%, 06/15/2027 |
3,814,000 | 3,870,666 | ||||||
|
|
|
|||||||
| 8,356,477 | ||||||||
|
|
|
|||||||
| Capital Markets-5.56% |
||||||||
| Ares Capital Corp. |
||||||||
| 7.00%, 01/15/2027 |
6,870,000 | 7,080,838 | ||||||
| 2.88%, 06/15/2027(b) |
3,839,000 | 3,688,987 | ||||||
| Bank of New York Mellon Corp. (The) |
||||||||
| 2.05%, 01/26/2027 |
6,483,000 | 6,254,875 | ||||||
| 3.25%, 05/16/2027(b) |
5,721,000 | 5,622,730 | ||||||
| BlackRock, Inc., 3.20%, 03/15/2027 |
5,375,000 | 5,293,536 | ||||||
| Blackstone Secured Lending Fund, 2.13%, 02/15/2027 |
4,730,000 | 4,498,029 | ||||||
| Blue Owl Capital Corp., 2.63%, 01/15/2027(b) |
3,820,000 | 3,653,495 | ||||||
| Cboe Global Markets, Inc., 3.65%, 01/12/2027 |
4,969,000 | 4,905,928 | ||||||
| Charles Schwab Corp. (The) |
||||||||
| 3.20%, 03/02/2027 |
4,963,000 | 4,871,835 | ||||||
| 2.45%, 03/03/2027 |
11,538,000 | 11,180,786 | ||||||
| 3.30%, 04/01/2027 |
5,741,000 | 5,644,007 | ||||||
| FactSet Research Systems, Inc., 2.90%, 03/01/2027 |
3,838,000 | 3,720,563 | ||||||
| FS KKR Capital Corp., 3.25%, 07/15/2027 |
3,813,000 | 3,622,066 | ||||||
| Goldman Sachs Group, Inc. (The) |
||||||||
| 5.95%, 01/15/2027 |
6,166,000 | 6,328,259 | ||||||
| 3.85%, 01/26/2027 |
22,903,000 | 22,709,854 | ||||||
| Jefferies Financial Group, Inc., 4.85%, 01/15/2027 |
5,787,000 | 5,817,459 | ||||||
| Morgan Stanley |
||||||||
| 3.63%, 01/20/2027 |
23,022,000 | 22,744,677 | ||||||
| 3.95%, 04/23/2027 |
15,367,000 | 15,231,381 | ||||||
| Nomura Holdings, Inc. (Japan) |
||||||||
| 2.33%, 01/22/2027 |
9,544,000 | 9,178,978 | ||||||
| 5.59%, 07/02/2027 |
3,847,000 | 3,910,633 | ||||||
| 5.39%, 07/06/2027(b) |
3,818,000 | 3,864,913 | ||||||
| Northern Trust Corp., 4.00%, 05/10/2027(b) |
7,698,000 | 7,676,913 | ||||||
| S&P Global, Inc. |
||||||||
| 2.95%, 01/22/2027(b) |
3,815,000 | 3,740,601 | ||||||
| 2.45%, 03/01/2027(b) |
9,437,000 | 9,157,842 | ||||||
| State Street Corp. |
||||||||
| 4.99%, 03/18/2027 |
7,629,000 | 7,722,986 | ||||||
| 4.33%, 10/22/2027(b) |
9,230,000 | 9,252,731 | ||||||
|
|
|
|||||||
| 197,374,902 | ||||||||
|
|
|
|||||||
| Chemicals-1.41% |
||||||||
| Air Products and Chemicals, Inc., 1.85%, 05/15/2027(b) |
4,999,000 | 4,784,465 | ||||||
| Albemarle Corp., 4.65%, 06/01/2027(b) |
4,999,000 | 4,942,177 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Corporate Bond ETF (BSCR)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Chemicals-(continued) |
||||||||
| Celanese US Holdings LLC, 6.42%, 07/15/2027(b) |
$ | 11,449,000 | $ | 11,745,817 | ||||
| Ecolab, Inc. |
||||||||
| 1.65%, 02/01/2027 |
3,839,000 | 3,681,899 | ||||||
| 3.25%, 12/01/2027 |
3,833,000 | 3,750,980 | ||||||
| LYB International Finance II B.V., 3.50%, 03/02/2027 |
4,513,000 | 4,421,406 | ||||||
| Mosaic Co. (The), 4.05%, 11/15/2027(b) |
5,358,000 | 5,288,841 | ||||||
| Sherwin-Williams Co. (The), 3.45%, 06/01/2027 |
11,531,000 | 11,320,471 | ||||||
|
|
|
|||||||
| 49,936,056 | ||||||||
|
|
|
|||||||
| Commercial Services & Supplies-0.67% |
||||||||
| Cintas Corp. No. 2, 3.70%, 04/01/2027(b) |
7,674,000 | 7,596,333 | ||||||
| Republic Services, Inc., 3.38%, 11/15/2027(b) |
4,963,000 | 4,861,752 | ||||||
| Waste Management, Inc. |
||||||||
| 4.95%, 07/03/2027 |
5,740,000 | 5,823,526 | ||||||
| 3.15%, 11/15/2027 |
5,727,000 | 5,576,340 | ||||||
|
|
|
|||||||
| 23,857,951 | ||||||||
|
|
|
|||||||
| Communications Equipment-0.54% |
||||||||
| Cisco Systems, Inc., 4.80%, 02/26/2027 |
15,264,000 | 15,421,412 | ||||||
| Nokia OYJ (Finland), 4.38%, 06/12/2027 |
3,836,000 | 3,820,315 | ||||||
|
|
|
|||||||
| 19,241,727 | ||||||||
|
|
|
|||||||
| Construction & Engineering-0.13% |
||||||||
| Quanta Services, Inc., 4.75%, 08/09/2027(b) |
4,614,000 | 4,634,542 | ||||||
|
|
|
|||||||
| Construction Materials-0.11% |
||||||||
| Martin Marietta Materials, Inc., 3.50%, 12/15/2027(b) |
3,836,000 | 3,743,527 | ||||||
|
|
|
|||||||
| Consumer Finance-3.74% |
||||||||
| Ally Financial, Inc. |
||||||||
| 4.75%, 06/09/2027(b) |
5,723,000 | 5,732,001 | ||||||
| 7.10%, 11/15/2027(b) |
5,760,000 | 6,042,552 | ||||||
| American Express Co. |
||||||||
| 2.55%, 03/04/2027(b) |
13,395,000 | 12,997,203 | ||||||
| 3.30%, 05/03/2027 |
12,705,000 | 12,480,781 | ||||||
| 5.85%, 11/05/2027(b) |
11,446,000 | 11,846,754 | ||||||
| Capital One Financial Corp. |
||||||||
| 3.75%, 03/09/2027 |
10,388,000 | 10,260,001 | ||||||
| 3.65%, 05/11/2027 |
7,707,000 | 7,585,807 | ||||||
| Discover Financial Services, 4.10%, 02/09/2027(b) |
7,699,000 | 7,640,736 | ||||||
| General Motors Financial Co., Inc. |
||||||||
| 4.35%, 01/17/2027 |
9,656,000 | 9,567,944 | ||||||
| 2.35%, 02/26/2027 |
7,685,000 | 7,355,490 | ||||||
| 5.00%, 04/09/2027 |
9,554,000 | 9,563,941 | ||||||
| 5.40%, 05/08/2027 |
9,155,000 | 9,233,957 | ||||||
| 5.35%, 07/15/2027 |
8,393,000 | 8,455,555 | ||||||
| 2.70%, 08/20/2027 |
6,873,000 | 6,541,962 | ||||||
| Synchrony Financial, 3.95%, 12/01/2027 |
7,655,000 | 7,446,590 | ||||||
|
|
|
|||||||
| 132,751,274 | ||||||||
|
|
|
|||||||
| Consumer Staples Distribution & Retail-1.59% |
|
|||||||
| Costco Wholesale Corp. |
|
|||||||
| 3.00%, 05/18/2027 |
7,670,540 | 7,523,885 | ||||||
| 1.38%, 06/20/2027(b) |
9,539,000 | 9,044,474 | ||||||
| Principal Amount |
Value | |||||||
| Consumer Staples Distribution & Retail-(continued) |
|
|||||||
| Dollar General Corp. |
|
|||||||
| 3.88%, 04/15/2027 |
$ | 4,600,000 | $ | 4,535,146 | ||||
| 4.63%, 11/01/2027(b) |
4,202,000 | 4,202,945 | ||||||
| Kroger Co. (The), 3.70%, 08/01/2027 |
4,610,000 | 4,547,420 | ||||||
| Sysco Corp., 3.25%, 07/15/2027 |
5,721,000 | 5,581,744 | ||||||
| Target Corp., 1.95%, 01/15/2027(b) |
7,630,000 | 7,374,919 | ||||||
| Walmart, Inc. |
||||||||
| 4.10%, 04/28/2027 |
5,767,000 | 5,777,933 | ||||||
| 3.95%, 09/09/2027(b) |
7,688,000 | 7,674,287 | ||||||
|
|
|
|||||||
| 56,262,753 | ||||||||
|
|
|
|||||||
| Containers & Packaging-0.10% |
||||||||
| Packaging Corp. of America, 3.40%, 12/15/2027 |
3,813,000 | 3,716,657 | ||||||
|
|
|
|||||||
| Diversified REITs-0.21% |
||||||||
| Digital Realty Trust L.P., 3.70%, 08/15/2027 |
7,691,000 | 7,580,487 | ||||||
|
|
|
|||||||
| Diversified Telecommunication Services-2.09% |
|
|||||||
| AT&T, Inc. |
|
|||||||
| 4.25%, 03/01/2027 |
11,369,000 | 11,338,962 | ||||||
| 2.30%, 06/01/2027 |
19,192,000 | 18,422,128 | ||||||
| Telefonica Emisiones S.A. (Spain), 4.10%, 03/08/2027(b) |
9,609,000 | 9,544,554 | ||||||
| TELUS Corp. (Canada) |
||||||||
| 2.80%, 02/16/2027 |
4,613,000 | 4,478,694 | ||||||
| 3.70%, 09/15/2027 |
3,816,000 | 3,746,036 | ||||||
| Verizon Communications, Inc. |
||||||||
| 4.13%, 03/16/2027 |
22,319,000 | 22,235,194 | ||||||
| 3.00%, 03/22/2027 |
4,370,000 | 4,265,810 | ||||||
|
|
|
|||||||
| 74,031,378 | ||||||||
|
|
|
|||||||
| Electric Utilities-4.09% |
||||||||
| Alabama Power Co., 3.75%, 09/01/2027(b) |
4,222,000 | 4,181,869 | ||||||
| American Electric Power Co., Inc. |
||||||||
| 5.75%, 11/01/2027 |
3,817,000 | 3,929,144 | ||||||
| 3.20%, 11/13/2027 |
3,874,000 | 3,764,233 | ||||||
| Duke Energy Corp. |
||||||||
| 4.85%, 01/05/2027 |
4,605,000 | 4,637,625 | ||||||
| 3.15%, 08/15/2027(b) |
5,764,000 | 5,617,914 | ||||||
| 5.00%, 12/08/2027 |
3,842,000 | 3,889,232 | ||||||
| Duke Energy Florida LLC, 3.20%, 01/15/2027 |
4,986,000 | 4,899,768 | ||||||
| Duke Energy Progress LLC, 4.35%, 03/06/2027 |
3,840,000 | 3,854,126 | ||||||
| Edison International, 5.75%, 06/15/2027(b) |
4,605,000 | 4,627,657 | ||||||
| Eversource Energy |
||||||||
| 2.90%, 03/01/2027 |
4,957,000 | 4,820,892 | ||||||
| 4.60%, 07/01/2027(b) |
4,581,000 | 4,587,079 | ||||||
| Exelon Corp., 2.75%, 03/15/2027 |
4,928,000 | 4,784,192 | ||||||
| FirstEnergy Corp., Series B, 3.90%, 07/15/2027 |
11,528,000 | 11,367,274 | ||||||
| Georgia Power Co., 5.00%, 02/23/2027 |
3,817,000 | 3,868,677 | ||||||
| ITC Holdings Corp., 3.35%, 11/15/2027(b) |
3,818,000 | 3,714,153 | ||||||
| National Rural Utilities Cooperative Finance Corp. |
||||||||
| 4.80%, 02/05/2027 |
4,635,000 | 4,673,444 | ||||||
| 4.12%, 09/16/2027 |
4,252,000 | 4,240,638 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Corporate Bond ETF (BSCR)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Electric Utilities-(continued) |
||||||||
| NextEra Energy Capital Holdings, Inc. |
||||||||
| 1.88%, 01/15/2027 |
$ | 7,704,000 | $ | 7,392,754 | ||||
| 3.55%, 05/01/2027 |
11,372,000 | 11,172,041 | ||||||
| 4.63%, 07/15/2027(b) |
9,537,000 | 9,567,611 | ||||||
| Pacific Gas and Electric Co., 2.10%, 08/01/2027 |
7,689,000 | 7,257,581 | ||||||
| Southern California Edison Co. |
||||||||
| 4.88%, 02/01/2027 |
3,839,000 | 3,847,778 | ||||||
| 5.85%, 11/01/2027 |
5,761,000 | 5,894,365 | ||||||
| Series D, 4.70%, 06/01/2027 |
4,608,000 | 4,598,635 | ||||||
| Virginia Electric & Power Co. |
||||||||
| Series A, 3.50%, 03/15/2027(b) |
5,758,000 | 5,690,372 | ||||||
| Series B, 3.75%, 05/15/2027(b) |
4,614,000 | 4,567,529 | ||||||
| Xcel Energy, Inc., 1.75%, 03/15/2027 |
3,812,000 | 3,626,677 | ||||||
|
|
|
|||||||
| 145,073,260 | ||||||||
|
|
|
|||||||
| Electrical Equipment-0.10% |
||||||||
| Emerson Electric Co., 1.80%, 10/15/2027(b) |
3,824,000 | 3,623,734 | ||||||
|
|
|
|||||||
| Electronic Equipment, Instruments & Components-0.41% |
|
|||||||
| Amphenol Corp., 5.05%, 04/05/2027 |
5,372,000 | 5,446,465 | ||||||
| Jabil, Inc., 4.25%, 05/15/2027 |
3,815,000 | 3,783,087 | ||||||
| Keysight Technologies, Inc., 4.60%, 04/06/2027 |
5,402,000 | 5,412,917 | ||||||
|
|
|
|||||||
| 14,642,469 | ||||||||
|
|
|
|||||||
| Energy Equipment & Services-0.28% |
||||||||
| Baker Hughes Holdings LLC/Baker Hughes Co-Obligor, Inc., 3.34%, 12/15/2027(b) |
10,290,000 | 10,068,108 | ||||||
|
|
|
|||||||
| Entertainment-1.29% |
||||||||
| Take-Two Interactive Software, Inc., 3.70%, 04/14/2027(b) |
4,605,000 | 4,533,836 | ||||||
| TWDC Enterprises 18 Corp., 2.95%, 06/15/2027 |
7,632,000 | 7,466,433 | ||||||
| Walt Disney Co. (The), 3.70%, 03/23/2027(b) |
3,817,000 | 3,802,418 | ||||||
| Warnermedia Holdings, Inc., 3.76%, 03/15/2027 |
30,742,000 | 29,808,037 | ||||||
|
|
|
|||||||
| 45,610,724 | ||||||||
|
|
|
|||||||
| Financial Services-3.51% |
||||||||
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland) |
||||||||
| 6.10%, 01/15/2027 |
6,897,000 | 7,035,339 | ||||||
| 6.45%, 04/15/2027 |
11,441,000 | 11,779,090 | ||||||
| 3.65%, 07/21/2027(b) |
7,675,000 | 7,508,224 | ||||||
| 4.63%, 10/15/2027 |
4,582,000 | 4,571,415 | ||||||
| BlackRock Funding, Inc., 4.60%, 07/26/2027(b) |
6,106,000 | 6,158,247 | ||||||
| Blackstone Private Credit Fund, 3.25%, 03/15/2027(b) |
7,601,000 | 7,352,365 | ||||||
| Blue Owl Credit Income Corp., 7.75%, 09/16/2027(b) |
4,638,000 | 4,829,054 | ||||||
| Corebridge Financial, Inc., 3.65%, 04/05/2027 |
9,547,000 | 9,399,923 | ||||||
| Fiserv, Inc. |
||||||||
| 5.15%, 03/15/2027 |
5,786,000 | 5,850,916 | ||||||
| 2.25%, 06/01/2027 |
7,687,000 | 7,362,659 | ||||||
| Global Payments, Inc. |
||||||||
| 2.15%, 01/15/2027(b) |
5,728,000 | 5,502,921 | ||||||
| 4.95%, 08/15/2027(b) |
3,833,000 | 3,851,046 | ||||||
| Principal Amount |
Value | |||||||
| Financial Services-(continued) |
||||||||
| LPL Holdings, Inc., 5.70%, 05/20/2027(b) |
$ | 3,841,000 | $ | 3,906,418 | ||||
| Mastercard, Inc., 3.30%, 03/26/2027(b) |
7,707,000 | 7,612,021 | ||||||
| ORIX Corp. (Japan) |
||||||||
| 3.70%, 07/18/2027 |
3,841,000 | 3,774,152 | ||||||
| 5.00%, 09/13/2027(b) |
3,845,000 | 3,887,433 | ||||||
| PayPal Holdings, Inc., 3.90%, 06/01/2027(b) |
3,838,000 | 3,814,753 | ||||||
| Visa, Inc. |
||||||||
| 1.90%, 04/15/2027(b) |
11,532,000 | 11,086,788 | ||||||
| 0.75%, 08/15/2027 |
3,817,000 | 3,563,994 | ||||||
| 2.75%, 09/15/2027 |
5,767,000 | 5,607,328 | ||||||
|
|
|
|||||||
| 124,454,086 | ||||||||
|
|
|
|||||||
| Food Products-2.14% |
||||||||
| Bunge Ltd. Finance Corp., 3.75%, 09/25/2027(b) |
4,616,000 | 4,549,990 | ||||||
| Conagra Brands, Inc., 1.38%, 11/01/2027 |
7,629,000 | 7,064,170 | ||||||
| General Mills, Inc. |
||||||||
| 4.70%, 01/30/2027 |
3,825,000 | 3,841,653 | ||||||
| 3.20%, 02/10/2027(b) |
5,728,000 | 5,622,863 | ||||||
| Hormel Foods Corp., 4.80%, 03/30/2027 |
3,811,000 | 3,846,119 | ||||||
| JBS USA Holding Lux S.a.r.l./JBS USA Food Co./JBS Lux Co. S.a.r.l., 2.50%, 01/15/2027(b) |
7,630,000 | 7,364,703 | ||||||
| JM Smucker Co. (The), 3.38%, 12/15/2027(b) |
3,872,000 | 3,797,049 | ||||||
| Kellanova, 3.40%, 11/15/2027(b) |
4,615,000 | 4,524,059 | ||||||
| Kraft Heinz Foods Co. (The), 3.88%, 05/15/2027(b) |
10,302,000 | 10,180,972 | ||||||
| McCormick & Co., Inc., 3.40%, 08/15/2027 |
5,731,000 | 5,601,587 | ||||||
| Mondelez International, Inc., 2.63%, 03/17/2027(b) |
5,769,000 | 5,601,051 | ||||||
| The Campbell’s Company, 5.20%, 03/19/2027 |
3,816,000 | 3,861,007 | ||||||
| Tyson Foods, Inc., 3.55%, 06/02/2027 |
10,379,000 | 10,198,362 | ||||||
|
|
|
|||||||
| 76,053,585 | ||||||||
|
|
|
|||||||
| Gas Utilities-0.25% |
||||||||
| Atmos Energy Corp., 3.00%, 06/15/2027(b) |
3,845,000 | 3,755,148 | ||||||
| Southern California Gas Co., 2.95%, 04/15/2027(b) |
5,345,000 | 5,210,171 | ||||||
|
|
|
|||||||
| 8,965,319 | ||||||||
|
|
|
|||||||
| Ground Transportation-0.50% |
||||||||
| Burlington Northern Santa Fe LLC, 3.25%, 06/15/2027(b) |
3,838,000 | 3,776,904 | ||||||
| CSX Corp., 3.25%, 06/01/2027 |
6,505,000 | 6,374,670 | ||||||
| Union Pacific Corp. |
||||||||
| 2.15%, 02/05/2027 |
3,816,000 | 3,688,381 | ||||||
| 3.00%, 04/15/2027 |
3,839,000 | 3,755,573 | ||||||
|
|
|
|||||||
| 17,595,528 | ||||||||
|
|
|
|||||||
| Health Care Equipment & Supplies-1.51% |
||||||||
| Baxter International, Inc., 1.92%, 02/01/2027 |
11,072,000 | 10,592,175 | ||||||
| Becton, Dickinson and Co., 3.70%, 06/06/2027(b) |
13,166,000 | 12,970,942 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Corporate Bond ETF (BSCR)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Health Care Equipment & Supplies-(continued) |
| |||||||
| GE HealthCare Technologies, Inc., 5.65%, 11/15/2027(b) |
$ | 13,456,000 | $ | 13,816,290 | ||||
| Solventum Corp., 5.45%, 02/25/2027 |
7,677,000 | 7,774,394 | ||||||
| Stryker Corp., 4.55%, 02/10/2027(b) |
3,820,000 | 3,834,426 | ||||||
| Zimmer Biomet Holdings, Inc., 4.70%, 02/19/2027 |
4,616,000 | 4,626,531 | ||||||
|
|
|
|||||||
| 53,614,758 | ||||||||
|
|
|
|||||||
| Health Care Providers & Services-4.46% |
||||||||
| Cardinal Health, Inc., 3.41%, 06/15/2027 |
9,328,000 | 9,146,208 | ||||||
| Cencora, Inc. |
||||||||
| 3.45%, 12/15/2027 |
5,767,000 | 5,630,650 | ||||||
| 4.63%, 12/15/2027 |
3,840,000 | 3,862,760 | ||||||
| Centene Corp., 4.25%, 12/15/2027 |
18,337,000 | 17,920,774 | ||||||
| Cigna Group (The) |
||||||||
| 3.40%, 03/01/2027 |
10,193,000 | 10,017,669 | ||||||
| 3.05%, 10/15/2027 |
4,156,000 | 4,025,997 | ||||||
| CommonSpirit Health, 6.07%, 11/01/2027 |
3,874,000 | 3,995,766 | ||||||
| CVS Health Corp. |
||||||||
| 3.63%, 04/01/2027 |
5,757,000 | 5,660,030 | ||||||
| 1.30%, 08/21/2027 |
17,266,000 | 16,057,558 | ||||||
| Elevance Health, Inc., 3.65%, 12/01/2027(b) |
12,314,000 | 12,092,032 | ||||||
| HCA, Inc. |
||||||||
| 4.50%, 02/15/2027 |
9,220,000 | 9,195,134 | ||||||
| 3.13%, 03/15/2027(b) |
7,629,000 | 7,439,116 | ||||||
| Humana, Inc. |
||||||||
| 1.35%, 02/03/2027 |
5,279,000 | 5,027,630 | ||||||
| 3.95%, 03/15/2027(b) |
4,117,000 | 4,089,450 | ||||||
| Icon Investments Six DAC, 5.81%, 05/08/2027 |
5,742,000 | 5,839,518 | ||||||
| Kaiser Foundation Hospitals, 3.15%, 05/01/2027 |
4,390,000 | 4,283,242 | ||||||
| Laboratory Corp. of America Holdings, 3.60%, 09/01/2027 |
4,608,000 | 4,532,172 | ||||||
| SSM Health Care Corp., Series A, 3.82%, 06/01/2027(b) |
3,814,000 | 3,759,894 | ||||||
| UnitedHealth Group, Inc. |
||||||||
| 3.45%, 01/15/2027(b) |
5,721,000 | 5,633,198 | ||||||
| 3.38%, 04/15/2027 |
4,769,000 | 4,676,818 | ||||||
| 4.60%, 04/15/2027 |
3,782,000 | 3,791,498 | ||||||
| 3.70%, 05/15/2027(b) |
4,584,000 | 4,517,992 | ||||||
| 2.95%, 10/15/2027(b) |
7,305,000 | 7,056,767 | ||||||
|
|
|
|||||||
| 158,251,873 | ||||||||
|
|
|
|||||||
| Health Care REITs-0.36% |
||||||||
| Healthcare Realty Holdings L.P., 3.75%, 07/01/2027 |
3,845,000 | 3,761,101 | ||||||
| Omega Healthcare Investors, Inc., 4.50%, 04/01/2027 |
5,355,000 | 5,344,278 | ||||||
| Welltower OP LLC, 2.70%, 02/15/2027(b) |
3,817,000 | 3,719,543 | ||||||
|
|
|
|||||||
| 12,824,922 | ||||||||
|
|
|
|||||||
| Hotels, Restaurants & Leisure-1.50% |
|
|||||||
| Darden Restaurants, Inc., 3.85%, 05/01/2027(b) |
3,824,000 | 3,770,136 | ||||||
| Expedia Group, Inc., 4.63%, 08/01/2027 |
5,756,000 | 5,762,222 | ||||||
| Hyatt Hotels Corp., 5.75%, 01/30/2027(b) |
4,577,000 | 4,656,523 | ||||||
| Principal Amount |
Value | |||||||
| Hotels, Restaurants & Leisure-(continued) |
| |||||||
| Las Vegas Sands Corp., 5.90%, 06/01/2027 |
$ | 5,721,000 | $ | 5,792,873 | ||||
| Marriott International, Inc., 5.00%, 10/15/2027(b) |
7,705,000 | 7,803,558 | ||||||
| McDonald’s Corp. |
||||||||
| 3.50%, 03/01/2027 |
6,486,000 | 6,402,947 | ||||||
| 3.50%, 07/01/2027 |
7,635,000 | 7,522,217 | ||||||
| Starbucks Corp. |
||||||||
| 4.85%, 02/08/2027 |
7,677,000 | 7,729,212 | ||||||
| 2.00%, 03/12/2027 |
3,827,000 | 3,664,252 | ||||||
|
|
|
|||||||
| 53,103,940 | ||||||||
|
|
|
|||||||
| Household Durables-0.36% |
||||||||
| D.R. Horton, Inc., 1.40%, 10/15/2027(b) |
3,839,000 | 3,577,876 | ||||||
| Leggett & Platt, Inc., 3.50%, 11/15/2027(b) |
3,813,000 | 3,674,385 | ||||||
| Lennar Corp., 4.75%, 11/29/2027(b) |
5,346,000 | 5,366,846 | ||||||
|
|
|
|||||||
| 12,619,107 | ||||||||
|
|
|
|||||||
| Household Products-0.70% |
||||||||
| Colgate-Palmolive Co., 3.10%, 08/15/2027 |
3,847,000 | 3,777,153 | ||||||
| Kimberly-Clark Corp., 1.05%, 09/15/2027 |
4,601,000 | 4,295,830 | ||||||
| Procter & Gamble Co. (The) |
||||||||
| 1.90%, 02/01/2027 |
7,692,000 | 7,437,199 | ||||||
| 2.80%, 03/25/2027 |
3,839,000 | 3,756,147 | ||||||
| 2.85%, 08/11/2027 |
5,754,000 | 5,609,862 | ||||||
|
|
|
|||||||
| 24,876,191 | ||||||||
|
|
|
|||||||
| Independent Power and Renewable Electricity Producers-0.15% |
| |||||||
| NSTAR Electric Co., 3.20%, 05/15/2027 |
5,384,000 | 5,275,345 | ||||||
|
|
|
|||||||
| Industrial Conglomerates-0.78% |
||||||||
| 3M Co., 2.88%, 10/15/2027 |
6,502,000 | 6,273,206 | ||||||
| Eaton Corp., 3.10%, 09/15/2027(b) |
5,368,000 | 5,246,830 | ||||||
| Honeywell International, Inc. |
||||||||
| 1.10%, 03/01/2027(b) |
7,632,000 | 7,221,657 | ||||||
| 4.65%, 07/30/2027 |
8,783,000 | 8,831,307 | ||||||
|
|
|
|||||||
| 27,573,000 | ||||||||
|
|
|
|||||||
| Insurance-1.75% |
||||||||
| American National Group, Inc., 5.00%, 06/15/2027(b) |
3,813,000 | 3,813,214 | ||||||
| Aon Corp., 8.21%, 01/01/2027(b) |
3,980,000 | 4,184,074 | ||||||
| Aon Corp./Aon Global Holdings PLC, 2.85%, 05/28/2027 |
4,580,000 | 4,451,046 | ||||||
| Aon North America, Inc., 5.13%, 03/01/2027 |
4,583,000 | 4,632,803 | ||||||
| Arthur J. Gallagher & Co., 4.60%, 12/15/2027 |
5,740,000 | 5,755,540 | ||||||
| Berkshire Hathaway Finance Corp., 2.30%, 03/15/2027 |
5,724,000 | 5,562,858 | ||||||
| Brighthouse Financial, Inc., 3.70%, 06/22/2027 |
5,788,000 | 5,655,547 | ||||||
| CNA Financial Corp., 3.45%, 08/15/2027 |
3,817,000 | 3,724,493 | ||||||
| Manulife Financial Corp. (Canada), 2.48%, 05/19/2027(b) |
3,815,000 | 3,682,170 | ||||||
| Marsh & McLennan Cos., Inc., 4.55%, 11/08/2027 |
7,320,000 | 7,352,958 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Corporate Bond ETF (BSCR)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Insurance-(continued) |
||||||||
| Progressive Corp. (The) |
||||||||
| 2.45%, 01/15/2027 |
$ | 3,819,000 | $ | 3,711,341 | ||||
| 2.50%, 03/15/2027(b) |
3,825,000 | 3,712,786 | ||||||
| Willis North America, Inc., 4.65%, 06/15/2027(b) |
5,729,000 | 5,753,892 | ||||||
|
|
|
|||||||
| 61,992,722 | ||||||||
|
|
|
|||||||
| Interactive Media & Services-0.77% |
||||||||
| Alphabet, Inc., 0.80%, 08/15/2027(b) |
7,657,000 | 7,149,419 | ||||||
| Meta Platforms, Inc., 3.50%, 08/15/2027 |
20,286,000 | 20,036,925 | ||||||
|
|
|
|||||||
| 27,186,344 | ||||||||
|
|
|
|||||||
| IT Services-0.66% |
||||||||
| International Business Machines Corp. |
||||||||
| 3.30%, 01/27/2027 |
3,838,000 | 3,775,145 | ||||||
| 2.20%, 02/09/2027 |
4,987,000 | 4,811,965 | ||||||
| 1.70%, 05/15/2027 |
9,595,000 | 9,132,087 | ||||||
| 4.15%, 07/27/2027 |
5,762,000 | 5,735,988 | ||||||
|
|
|
|||||||
| 23,455,185 | ||||||||
|
|
|
|||||||
| Leisure Products-0.10% |
||||||||
| Hasbro, Inc., 3.50%, 09/15/2027 |
3,628,000 | 3,530,717 | ||||||
|
|
|
|||||||
| Life Sciences Tools & Services-0.37% |
||||||||
| Agilent Technologies, Inc., 4.20%, 09/09/2027 |
4,581,000 | 4,556,812 | ||||||
| Illumina, Inc., 5.75%, 12/13/2027 |
3,839,000 | 3,916,685 | ||||||
| Thermo Fisher Scientific, Inc., 4.80%, 11/21/2027(b) |
4,592,000 | 4,661,698 | ||||||
|
|
|
|||||||
| 13,135,195 | ||||||||
|
|
|
|||||||
| Machinery-3.15% |
||||||||
| Caterpillar Financial Services Corp. |
||||||||
| 1.70%, 01/08/2027 |
3,827,000 | 3,679,924 | ||||||
| 4.50%, 01/08/2027 |
3,854,000 | 3,870,391 | ||||||
| 5.00%, 05/14/2027 |
6,523,000 | 6,618,232 | ||||||
| 3.60%, 08/12/2027 |
5,372,000 | 5,303,504 | ||||||
| 1.10%, 09/14/2027 |
5,740,000 | 5,353,615 | ||||||
| 4.40%, 10/15/2027 |
4,960,000 | 4,978,484 | ||||||
| 4.60%, 11/15/2027 |
7,324,000 | 7,387,573 | ||||||
| CNH Industrial Capital LLC, 4.50%, 10/08/2027 |
3,840,000 | 3,836,683 | ||||||
| CNH Industrial N.V., 3.85%, 11/15/2027(b) |
3,839,000 | 3,797,241 | ||||||
| Ingersoll Rand, Inc., 5.20%, 06/15/2027(b) |
5,345,000 | 5,413,700 | ||||||
| John Deere Capital Corp. |
||||||||
| 4.50%, 01/08/2027(b) |
5,752,000 | 5,782,673 | ||||||
| 1.70%, 01/11/2027 |
3,833,000 | 3,683,073 | ||||||
| 4.85%, 03/05/2027 |
4,217,000 | 4,262,104 | ||||||
| 2.35%, 03/08/2027 |
3,844,000 | 3,726,529 | ||||||
| 1.75%, 03/09/2027 |
3,833,000 | 3,670,018 | ||||||
| 4.90%, 06/11/2027(b) |
5,380,000 | 5,457,146 | ||||||
| 4.20%, 07/15/2027 |
6,150,000 | 6,156,520 | ||||||
| 2.80%, 09/08/2027 |
3,840,000 | 3,720,922 | ||||||
| 4.15%, 09/15/2027 |
6,874,000 | 6,862,147 | ||||||
| Otis Worldwide Corp., 2.29%, 04/05/2027(b) |
3,819,000 | 3,671,450 | ||||||
| Parker-Hannifin Corp. |
||||||||
| 3.25%, 03/01/2027 |
5,370,000 | 5,282,197 | ||||||
| 4.25%, 09/15/2027(b) |
9,199,000 | 9,186,282 | ||||||
|
|
|
|||||||
| 111,700,408 | ||||||||
|
|
|
|||||||
| Principal Amount |
Value | |||||||
| Media-1.01% |
||||||||
| Comcast Corp. |
||||||||
| 2.35%, 01/15/2027 |
$ | 10,685,000 | $ | 10,353,932 | ||||
| 3.30%, 02/01/2027 |
9,537,400 | 9,379,869 | ||||||
| 3.30%, 04/01/2027 |
6,152,000 | 6,043,495 | ||||||
| 5.35%, 11/15/2027(b) |
5,774,000 | 5,915,813 | ||||||
| Paramount Global, 2.90%, 01/15/2027(b) |
4,461,000 | 4,329,945 | ||||||
|
|
|
|||||||
| 36,023,054 | ||||||||
|
|
|
|||||||
| Metals & Mining-0.38% |
||||||||
| ArcelorMittal S.A. (Luxembourg), 6.55%, 11/29/2027 |
9,210,000 | 9,554,545 | ||||||
| Nucor Corp., 4.30%, 05/23/2027 |
3,853,000 | 3,856,132 | ||||||
|
|
|
|||||||
| 13,410,677 | ||||||||
|
|
|
|||||||
| Multi-Utilities-0.99% |
||||||||
| Ameren Corp., 1.95%, 03/15/2027 |
3,817,000 | 3,658,916 | ||||||
| DTE Energy Co., 4.95%, 07/01/2027 |
9,160,000 | 9,236,458 | ||||||
| NiSource, Inc., 3.49%, 05/15/2027 |
7,692,000 | 7,541,427 | ||||||
| Public Service Enterprise Group, Inc., 5.85%, 11/15/2027(b) |
5,369,000 | 5,535,648 | ||||||
| Sempra, 3.25%, 06/15/2027 |
5,755,000 | 5,606,739 | ||||||
| WEC Energy Group, Inc., 1.38%, 10/15/2027 |
3,874,000 | 3,604,558 | ||||||
|
|
|
|||||||
| 35,183,746 | ||||||||
|
|
|
|||||||
| Office REITs-0.17% |
||||||||
| Boston Properties L.P., 6.75%, 12/01/2027 |
5,752,000 | 6,002,998 | ||||||
|
|
|
|||||||
| Oil, Gas & Consumable Fuels-6.17% |
||||||||
| Boardwalk Pipelines L.P., 4.45%, 07/15/2027 |
3,843,000 | 3,834,362 | ||||||
| BP Capital Markets America, Inc. |
||||||||
| 3.54%, 04/06/2027 |
3,819,000 | 3,772,298 | ||||||
| 5.02%, 11/17/2027(b) |
8,802,000 | 8,942,226 | ||||||
| BP Capital Markets PLC, 3.28%, 09/19/2027 |
11,514,000 | 11,255,408 | ||||||
| Canadian Natural Resources Ltd. (Canada), 3.85%, 06/01/2027(b) |
9,543,000 | 9,409,305 | ||||||
| Cheniere Corpus Christi Holdings LLC, 5.13%, 06/30/2027 |
9,165,000 | 9,237,528 | ||||||
| Chevron Corp., 2.00%, 05/11/2027(b) |
7,703,000 | 7,415,920 | ||||||
| Chevron USA, Inc. |
||||||||
| 4.41%, 02/26/2027 |
5,790,000 | 5,830,079 | ||||||
| 1.02%, 08/12/2027(b) |
5,723,000 | 5,356,562 | ||||||
| Coterra Energy, Inc., 3.90%, 05/15/2027(b) |
5,309,000 | 5,231,035 | ||||||
| DCP Midstream Operating L.P., 5.63%, 07/15/2027(b) |
3,840,000 | 3,911,975 | ||||||
| Diamondback Energy, Inc., 5.20%, 04/18/2027 |
6,520,000 | 6,585,004 | ||||||
| Enbridge, Inc. (Canada) |
||||||||
| 5.25%, 04/05/2027(b) |
5,722,000 | 5,791,066 | ||||||
| 3.70%, 07/15/2027(b) |
5,369,000 | 5,283,739 | ||||||
| Energy Transfer L.P. |
||||||||
| 4.40%, 03/15/2027 |
5,340,000 | 5,321,998 | ||||||
| 4.20%, 04/15/2027 |
4,574,000 | 4,540,426 | ||||||
| 4.00%, 10/01/2027 |
5,728,000 | 5,656,488 | ||||||
| Enterprise Products Operating LLC |
||||||||
| 4.60%, 01/11/2027(b) |
7,691,000 | 7,730,743 | ||||||
| 3.95%, 02/15/2027 |
4,385,000 | 4,360,689 | ||||||
| EQT Corp., 3.90%, 10/01/2027 |
7,144,000 | 7,027,207 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Corporate Bond ETF (BSCR)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Oil, Gas & Consumable Fuels-(continued) |
| |||||||
| Equinor ASA (Norway), 3.00%, 04/06/2027 |
$ | 3,848,000 | $ | 3,781,595 | ||||
| Exxon Mobil Corp., 3.29%, 03/19/2027(b) |
7,630,000 | 7,542,340 | ||||||
| Hess Corp., 4.30%, 04/01/2027 |
7,677,000 | 7,648,715 | ||||||
| MPLX L.P., 4.13%, 03/01/2027 |
9,614,000 | 9,544,077 | ||||||
| Occidental Petroleum Corp. |
||||||||
| 8.50%, 07/15/2027 |
3,896,000 | 4,119,482 | ||||||
| 5.00%, 08/01/2027(b) |
4,555,000 | 4,558,596 | ||||||
| ONEOK, Inc. |
||||||||
| 4.00%, 07/13/2027 |
3,841,500 | 3,804,362 | ||||||
| 4.25%, 09/24/2027(b) |
9,535,000 | 9,475,122 | ||||||
| Phillips 66 Co., 4.95%, 12/01/2027 |
5,761,000 | 5,823,680 | ||||||
| Sabine Pass Liquefaction LLC, 5.00%, 03/15/2027 |
11,451,000 | 11,504,178 | ||||||
| Targa Resources Corp., 5.20%, 07/01/2027 |
5,752,000 | 5,808,491 | ||||||
| TC PipeLines L.P., 3.90%, 05/25/2027 |
3,820,000 | 3,768,407 | ||||||
| Valero Energy Corp., 2.15%, 09/15/2027 |
4,333,000 | 4,103,625 | ||||||
| Williams Cos., Inc. (The), 3.75%, 06/15/2027 |
11,150,000 | 10,993,265 | ||||||
|
|
|
|||||||
| 218,969,993 | ||||||||
|
|
|
|||||||
| Passenger Airlines-0.38% |
||||||||
| Southwest Airlines Co., 5.13%, 06/15/2027 |
13,254,000 | 13,338,435 | ||||||
|
|
|
|||||||
| Personal Care Products-0.48% |
||||||||
| Estee Lauder Cos., Inc. (The), 3.15%, 03/15/2027 |
3,818,000 | 3,740,139 | ||||||
| Unilever Capital Corp. (United Kingdom) |
||||||||
| 2.90%, 05/05/2027 |
7,690,000 | 7,526,632 | ||||||
| 4.25%, 08/12/2027 |
5,769,000 | 5,789,532 | ||||||
|
|
|
|||||||
| 17,056,303 | ||||||||
|
|
|
|||||||
| Pharmaceuticals-3.82% |
||||||||
| AstraZeneca Finance LLC (United Kingdom), 4.80%, 02/26/2027(b) |
9,594,000 | 9,698,773 | ||||||
| AstraZeneca PLC (United Kingdom), 3.13%, 06/12/2027(b) |
5,787,000 | 5,678,048 | ||||||
| Bristol-Myers Squibb Co. |
||||||||
| 4.90%, 02/22/2027 |
7,631,000 | 7,722,115 | ||||||
| 3.25%, 02/27/2027 |
3,927,000 | 3,870,396 | ||||||
| 1.13%, 11/13/2027(b) |
7,628,000 | 7,101,499 | ||||||
| Eli Lilly and Co. |
||||||||
| 4.50%, 02/09/2027 |
7,682,000 | 7,727,908 | ||||||
| 3.10%, 05/15/2027 |
3,090,000 | 3,033,740 | ||||||
| 4.15%, 08/14/2027 |
5,729,000 | 5,741,925 | ||||||
| Haleon US Capital LLC, 3.38%, 03/24/2027 |
15,131,000 | 14,883,967 | ||||||
| Johnson & Johnson |
||||||||
| 4.50%, 03/01/2027 |
5,768,000 | 5,818,126 | ||||||
| 2.95%, 03/03/2027 |
7,649,000 | 7,517,512 | ||||||
| 0.95%, 09/01/2027 |
11,509,000 | 10,766,026 | ||||||
| Merck & Co., Inc., 1.70%, 06/10/2027(b) |
11,535,000 | 11,008,373 | ||||||
| Novartis Capital Corp. |
||||||||
| 2.00%, 02/14/2027 |
9,535,000 | 9,225,463 | ||||||
| 3.10%, 05/17/2027(b) |
7,673,000 | 7,541,662 | ||||||
| Royalty Pharma PLC, 1.75%, 09/02/2027 |
7,636,000 | 7,187,847 | ||||||
| Principal Amount |
Value | |||||||
| Pharmaceuticals-(continued) |
||||||||
| Viatris, Inc., 2.30%, 06/22/2027 |
$ | 5,775,000 | $ | 5,476,006 | ||||
| Zoetis, Inc., 3.00%, 09/12/2027 |
5,782,000 | 5,622,811 | ||||||
|
|
|
|||||||
| 135,622,197 | ||||||||
|
|
|
|||||||
| Professional Services-0.16% |
||||||||
| Equifax, Inc., 5.10%, 12/15/2027 |
5,722,000 | 5,779,427 | ||||||
|
|
|
|||||||
| Residential REITs-0.13% |
||||||||
| Mid-America Apartments L.P., 3.60%, 06/01/2027 |
4,580,000 | 4,513,305 | ||||||
|
|
|
|||||||
| Retail REITs-0.80% |
||||||||
| Realty Income Corp. |
||||||||
| 3.00%, 01/15/2027 |
4,574,000 | 4,472,500 | ||||||
| 3.95%, 08/15/2027(b) |
4,591,000 | 4,547,985 | ||||||
| Regency Centers L.P., 3.60%, 02/01/2027 |
4,016,000 | 3,963,178 | ||||||
| Simon Property Group L.P. |
||||||||
| 1.38%, 01/15/2027(b) |
4,224,000 | 4,027,998 | ||||||
| 3.38%, 06/15/2027 |
5,770,000 | 5,667,398 | ||||||
| 3.38%, 12/01/2027 |
5,757,000 | 5,626,545 | ||||||
|
|
|
|||||||
| 28,305,604 | ||||||||
|
|
|
|||||||
| Semiconductors & Semiconductor Equipment-2.51% |
| |||||||
| Applied Materials, Inc., 3.30%, 04/01/2027(b) |
9,171,000 | 9,036,345 | ||||||
| Broadcom Corp./Broadcom Cayman Finance Ltd., 3.88%, 01/15/2027 |
22,338,000 | 22,159,437 | ||||||
| Broadcom, Inc., 5.05%, 07/12/2027(b) |
9,545,000 | 9,669,658 | ||||||
| Intel Corp. |
||||||||
| 3.75%, 03/25/2027 |
7,678,000 | 7,571,964 | ||||||
| 3.15%, 05/11/2027(b) |
7,662,000 | 7,455,407 | ||||||
| 3.75%, 08/05/2027 |
9,538,000 | 9,363,659 | ||||||
| QUALCOMM, Inc., 3.25%, 05/20/2027(b) |
15,352,000 | 15,104,731 | ||||||
| Texas Instruments, Inc. |
||||||||
| 4.60%, 02/08/2027 |
4,962,000 | 4,992,767 | ||||||
| 2.90%, 11/03/2027 |
3,811,000 | 3,704,389 | ||||||
|
|
|
|||||||
| 89,058,357 | ||||||||
|
|
|
|||||||
| Software-3.69% |
||||||||
| Accenture Capital, Inc., 3.90%, 10/04/2027 |
8,411,000 | 8,352,415 | ||||||
| Adobe, Inc. |
||||||||
| 2.15%, 02/01/2027 |
6,530,000 | 6,326,547 | ||||||
| 4.85%, 04/04/2027(b) |
3,848,000 | 3,897,646 | ||||||
| Autodesk, Inc., 3.50%, 06/15/2027(b) |
3,818,000 | 3,752,795 | ||||||
| Cadence Design Systems, Inc., 4.20%, 09/10/2027(b) |
3,820,000 | 3,806,886 | ||||||
| Intuit, Inc., 1.35%, 07/15/2027(b) |
3,878,000 | 3,655,169 | ||||||
| Microsoft Corp., 3.30%, 02/06/2027 |
30,699,000 | 30,345,795 | ||||||
| Oracle Corp. |
||||||||
| 2.80%, 04/01/2027(b) |
17,174,000 | 16,690,656 | ||||||
| 3.25%, 11/15/2027 |
21,104,000 | 20,532,534 | ||||||
| Roper Technologies, Inc., 1.40%, 09/15/2027(b) |
5,405,000 | 5,054,464 | ||||||
| Synopsys, Inc., 4.55%, 04/01/2027 |
7,630,000 | 7,643,862 | ||||||
| VMware LLC |
||||||||
| 4.65%, 05/15/2027(b) |
3,819,000 | 3,826,217 | ||||||
| 3.90%, 08/21/2027 |
9,595,000 | 9,466,642 | ||||||
| Workday, Inc., 3.50%, 04/01/2027 |
7,684,000 | 7,552,831 | ||||||
|
|
|
|||||||
| 130,904,459 | ||||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Corporate Bond ETF (BSCR)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Specialized REITs-1.03% |
||||||||
| American Tower Corp. |
||||||||
| 2.75%, 01/15/2027(b) |
$ | 5,750,000 | $ | 5,582,239 | ||||
| 3.65%, 03/15/2027 |
4,996,000 | 4,917,828 | ||||||
| 3.55%, 07/15/2027(b) |
5,725,000 | 5,608,289 | ||||||
| Crown Castle, Inc. |
||||||||
| 4.00%, 03/01/2027 |
3,820,000 | 3,772,664 | ||||||
| 2.90%, 03/15/2027 |
5,724,000 | 5,551,204 | ||||||
| 3.65%, 09/01/2027 |
7,685,000 | 7,510,910 | ||||||
| Public Storage Operating Co., 3.09%, 09/15/2027(b) |
3,842,000 | 3,745,373 | ||||||
|
|
|
|||||||
| 36,688,507 | ||||||||
|
|
|
|||||||
| Specialty Retail-1.51% |
||||||||
| AutoZone, Inc., 3.75%, 06/01/2027(b) |
4,616,000 | 4,562,452 | ||||||
| Home Depot, Inc. (The) |
||||||||
| 2.50%, 04/15/2027(b) |
5,722,000 | 5,554,026 | ||||||
| 2.88%, 04/15/2027 |
5,791,000 | 5,660,851 | ||||||
| 4.88%, 06/25/2027 |
7,699,000 | 7,809,008 | ||||||
| 2.80%, 09/14/2027(b) |
7,669,000 | 7,446,483 | ||||||
| Lowe’s Cos., Inc. |
||||||||
| 3.35%, 04/01/2027 |
5,761,000 | 5,661,250 | ||||||
| 3.10%, 05/03/2027(b) |
11,444,000 | 11,188,854 | ||||||
| O’Reilly Automotive, Inc., 3.60%, 09/01/2027(b) |
5,726,000 | 5,621,145 | ||||||
|
|
|
|||||||
| 53,504,069 | ||||||||
|
|
|
|||||||
| Technology Hardware, Storage & Peripherals-2.35% |
|
|||||||
| Apple, Inc. |
||||||||
| 3.35%, 02/09/2027 |
17,269,000 | 17,075,037 | ||||||
| 3.20%, 05/11/2027 |
15,262,000 | 15,014,676 | ||||||
| 3.00%, 06/20/2027 |
7,687,000 | 7,537,773 | ||||||
| 2.90%, 09/12/2027 |
15,365,000 | 14,993,931 | ||||||
| 3.00%, 11/13/2027(b) |
11,537,000 | 11,280,921 | ||||||
| Hewlett Packard Enterprise Co., 4.40%, 09/25/2027(b) |
9,546,000 | 9,535,622 | ||||||
| IBM International Capital Pte. Ltd., 4.60%, 02/05/2027(b) |
3,820,000 | 3,833,331 | ||||||
| NetApp, Inc., 2.38%, 06/22/2027 |
4,231,000 | 4,048,857 | ||||||
|
|
|
|||||||
| 83,320,148 | ||||||||
|
|
|
|||||||
| Textiles, Apparel & Luxury Goods-0.21% |
| |||||||
| NIKE, Inc., 2.75%, 03/27/2027(b) |
7,691,000 | 7,497,846 | ||||||
|
|
|
|||||||
| Tobacco-0.96% |
||||||||
| B.A.T. Capital Corp. (United Kingdom), 4.70%, 04/02/2027(b) |
6,870,000 | 6,886,630 | ||||||
| Philip Morris International, Inc. |
||||||||
| 4.75%, 02/12/2027 |
5,722,000 | 5,766,533 | ||||||
| 3.13%, 08/17/2027 |
3,818,000 | 3,727,680 | ||||||
| 4.38%, 11/01/2027 |
5,770,000 | 5,773,114 | ||||||
| 5.13%, 11/17/2027 |
11,602,000 | 11,811,042 | ||||||
|
|
|
|||||||
| 33,964,999 | ||||||||
|
|
|
|||||||
| Principal Amount |
Value | |||||||
| Trading Companies & Distributors-0.52% |
| |||||||
| Air Lease Corp. |
||||||||
| 2.20%, 01/15/2027(b) |
$ | 5,726,000 | $ | 5,518,575 | ||||
| 3.63%, 04/01/2027(b) |
3,816,000 | 3,742,548 | ||||||
| 3.63%, 12/01/2027 |
3,875,000 | 3,800,412 | ||||||
| 5.85%, 12/15/2027(b) |
5,402,000 | 5,561,993 | ||||||
|
|
|
|||||||
| 18,623,528 | ||||||||
|
|
|
|||||||
| Water Utilities-0.23% |
||||||||
| American Water Capital Corp., 2.95%, 09/01/2027(b) |
4,608,000 | 4,472,610 | ||||||
| Essential Utilities, Inc., 4.80%, 08/15/2027 |
3,840,000 | 3,863,900 | ||||||
|
|
|
|||||||
| 8,336,510 | ||||||||
|
|
|
|||||||
| Wireless Telecommunication Services-0.38% |
|
|||||||
| Rogers Communications, Inc. (Canada), 3.20%, 03/15/2027(b) |
9,910,000 | 9,698,461 | ||||||
| T-Mobile USA, Inc., 5.38%, 04/15/2027 |
3,847,000 | 3,850,372 | ||||||
|
|
|
|||||||
| 13,548,833 | ||||||||
|
|
|
|||||||
| Total U.S. Dollar Denominated Bonds & Notes |
|
3,505,822,900 | ||||||
|
|
|
|||||||
| Shares | ||||||||
| Money Market Funds-0.26% |
|
|||||||
| Invesco Government & Agency Portfolio, Institutional Class, 4.24%(c)(d) |
9,157,912 | 9,157,912 | ||||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral
from securities on loan)-99.07% |
3,514,980,812 | |||||||
|
|
|
|||||||
| Investments Purchased with Cash Collateral from Securities on Loan |
| |||||||
| Money Market Funds-11.58% |
|
|||||||
| Invesco Private Government Fund, 4.29%(c)(d)(e) |
112,534,028 | 112,534,028 | ||||||
| Invesco Private Prime Fund, 4.45%(c)(d)(e) |
298,347,172 | 298,406,841 | ||||||
|
|
|
|||||||
| Total Investments Purchased with Cash Collateral from Securities on
Loan |
|
410,940,869 | ||||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN
SECURITIES-110.65% |
|
3,925,921,681 | ||||||
| OTHER ASSETS LESS LIABILITIES-(10.65)% |
|
(377,902,006 | ) | |||||
|
|
|
|||||||
| NET ASSETS-100.00% |
$ | 3,548,019,675 | ||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Corporate Bond ETF (BSCR)–(continued)
May 31, 2025
(Unaudited)
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) | All or a portion of this security was out on loan at May 31, 2025. |
| (c) | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the nine months ended May 31, 2025. |
| Value August 31, 2024 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized Appreciation (Depreciation) |
Realized Gain (Loss) |
Value May 31, 2025 |
Dividend Income | |||||||||||||||||||||||||||||
| Investments in Affiliated Money Market Funds: | |||||||||||||||||||||||||||||||||||
| Invesco Government & Agency Portfolio, Institutional Class | $ | 772,736 | $ | 106,518,732 | $ | (98,133,556 | ) | $ | - | $ | - | $ | 9,157,912 | $ | 221,282 | ||||||||||||||||||||
| Investments Purchased with Cash Collateral from Securities on Loan: | |||||||||||||||||||||||||||||||||||
| Invesco Private Government Fund | 113,845,544 | 323,002,035 | (324,313,551 | ) | - | - | 112,534,028 | 3,372,920 | * | ||||||||||||||||||||||||||
| Invesco Private Prime Fund | 303,382,614 | 774,427,704 | (779,352,350 | ) | (33,372 | ) | (17,755 | ) | 298,406,841 | 8,996,950 | * | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||
| Total | $ | 418,000,894 | $ | 1,203,948,471 | $ | (1,201,799,457 | ) | $ | (33,372 | ) | $ | (17,755 | ) | $ | 420,098,781 | $ | 12,591,152 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||
| * | Represents the income earned on the investment of cash collateral. 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 May 31, 2025. |
| (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. |
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments(a)
Invesco BulletShares 2028 Corporate Bond ETF (BSCS)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| U.S. Dollar Denominated Bonds & Notes-98.65% |
| |||||||
| Aerospace & Defense-2.58% |
||||||||
| Boeing Co. (The), 3.25%, 02/01/2028(b) |
$ | 7,647,500 | $ | 7,380,657 | ||||
| General Dynamics Corp., 3.75%, 05/15/2028(b) |
7,071,000 | 7,009,436 | ||||||
| HEICO Corp., 5.25%, 08/01/2028 |
4,157,000 | 4,247,116 | ||||||
| Huntington Ingalls Industries, Inc., 2.04%, 08/16/2028(b) |
4,242,000 | 3,914,713 | ||||||
| L3Harris Technologies, Inc., 4.40%, 06/15/2028 |
6,010,000 | 5,987,084 | ||||||
| Lockheed Martin Corp., 4.45%, 05/15/2028(b) |
3,535,000 | 3,563,886 | ||||||
| Northrop Grumman Corp., 3.25%, 01/15/2028 |
14,142,000 | 13,765,101 | ||||||
| RTX Corp., 4.13%, 11/16/2028 |
21,212,000 | 20,998,252 | ||||||
|
|
|
|||||||
| 66,866,245 | ||||||||
|
|
|
|||||||
| Air Freight & Logistics-0.16% |
||||||||
| C.H. Robinson Worldwide, Inc., 4.20%, 04/15/2028(b) |
4,200,000 | 4,132,688 | ||||||
|
|
|
|||||||
| Automobile Components-0.19% |
||||||||
| American Honda Finance Corp., 2.00%, 03/24/2028 |
5,303,000 | 4,953,018 | ||||||
|
|
|
|||||||
| Automobiles-3.60% |
||||||||
| American Honda Finance Corp. |
||||||||
| 4.70%, 01/12/2028 |
3,535,000 | 3,551,304 | ||||||
| 3.50%, 02/15/2028 |
3,535,000 | 3,442,775 | ||||||
| 4.55%, 03/03/2028(b) |
4,480,000 | 4,483,582 | ||||||
| 5.13%, 07/07/2028(b) |
5,657,000 | 5,749,550 | ||||||
| 5.65%, 11/15/2028(b) |
5,657,000 | 5,847,490 | ||||||
| Ford Motor Credit Co. LLC |
||||||||
| 2.90%, 02/16/2028(b) |
5,308,000 | 4,915,953 | ||||||
| 5.92%, 03/20/2028(b) |
6,790,000 | 6,805,625 | ||||||
| 6.80%, 05/12/2028 |
10,568,000 | 10,792,987 | ||||||
| 6.80%, 11/07/2028 |
10,565,000 | 10,794,020 | ||||||
| General Motors Co., 5.00%, 10/01/2028 |
5,303,000 | 5,311,741 | ||||||
| PACCAR Financial Corp., 4.55%, 03/03/2028 |
3,500,000 | 3,534,129 | ||||||
| Toyota Motor Corp. (Japan) |
||||||||
| 5.12%, 07/13/2028(b) |
3,535,000 | 3,617,076 | ||||||
| 3.67%, 07/20/2028(b) |
3,535,000 | 3,482,403 | ||||||
| Toyota Motor Credit Corp. |
||||||||
| 3.05%, 01/11/2028 |
3,535,000 | 3,422,897 | ||||||
| 4.63%, 01/12/2028(b) |
7,071,000 | 7,125,552 | ||||||
| 1.90%, 04/06/2028 |
5,303,000 | 4,970,240 | ||||||
| 5.25%, 09/11/2028(b) |
5,303,000 | 5,450,340 | ||||||
|
|
|
|||||||
| 93,297,664 | ||||||||
|
|
|
|||||||
| Banks-12.58% |
||||||||
| Banco Santander S.A. (Spain) |
||||||||
| 4.38%, 04/12/2028 |
8,781,000 | 8,712,306 | ||||||
| 5.59%, 08/08/2028 |
10,489,000 | 10,785,922 | ||||||
| 6.61%, 11/07/2028(b) |
8,700,000 | 9,242,980 | ||||||
| Bank of Montreal (Canada) |
||||||||
| 5.20%, 02/01/2028(b) |
8,485,000 | 8,653,001 | ||||||
| 5.72%, 09/25/2028(b) |
7,071,000 | 7,331,487 | ||||||
| Bank of Nova Scotia (The) (Canada), 5.25%, 06/12/2028(b) |
5,303,000 | 5,443,115 | ||||||
| Barclays PLC (United Kingdom), 4.84%, 05/09/2028 |
14,025,000 | 14,054,341 | ||||||
| Principal Amount |
Value | |||||||
| Banks-(continued) |
||||||||
| Canadian Imperial Bank of Commerce (Canada) |
||||||||
| 5.00%, 04/28/2028(b) |
$ | 7,021,000 | $ | 7,137,213 | ||||
| 5.99%, 10/03/2028 |
4,870,000 | 5,093,919 | ||||||
| Citibank N.A., 5.80%, 09/29/2028(b) |
17,569,000 | 18,288,007 | ||||||
| Citigroup, Inc., 4.13%, 07/25/2028(b) |
14,604,000 | 14,400,290 | ||||||
| Cooperatieve Rabobank U.A. (Netherlands), 4.88%, 01/21/2028 |
4,842,000 | 4,921,279 | ||||||
| Discover Bank, 4.65%, 09/13/2028(b) |
6,260,000 | 6,266,533 | ||||||
| Fifth Third Bancorp, 3.95%, 03/14/2028 |
4,596,000 | 4,537,005 | ||||||
| KeyCorp, 4.10%, 04/30/2028(b) |
5,294,000 | 5,220,458 | ||||||
| Lloyds Banking Group PLC (United Kingdom), 4.38%, 03/22/2028 |
10,574,000 | 10,511,015 | ||||||
| Manufacturers & Traders Trust Co., 4.70%, 01/27/2028 |
8,458,000 | 8,499,595 | ||||||
| Mitsubishi UFJ Financial Group, Inc. (Japan) |
||||||||
| 3.96%, 03/02/2028(b) |
9,192,000 | 9,094,731 | ||||||
| 4.05%, 09/11/2028(b) |
7,071,000 | 7,003,733 | ||||||
| Mizuho Financial Group, Inc. (Japan), 4.02%, 03/05/2028 |
9,140,000 | 9,056,492 | ||||||
| National Bank of Canada (Canada), 5.60%, 12/18/2028 |
6,895,000 | 7,125,399 | ||||||
| PNC Bank N.A. |
||||||||
| 3.25%, 01/22/2028 |
4,762,000 | 4,632,825 | ||||||
| 4.05%, 07/26/2028(b) |
8,800,000 | 8,673,724 | ||||||
| Regions Financial Corp., 1.80%, 08/12/2028(b) |
4,596,000 | 4,202,676 | ||||||
| Royal Bank of Canada (Canada) |
||||||||
| 4.90%, 01/12/2028(b) |
5,283,000 | 5,359,538 | ||||||
| 5.20%, 08/01/2028 |
7,027,000 | 7,195,015 | ||||||
| Sumitomo Mitsui Financial Group, Inc. (Japan) |
||||||||
| 5.52%, 01/13/2028(b) |
13,395,000 | 13,754,694 | ||||||
| 3.54%, 01/17/2028 |
5,298,000 | 5,183,555 | ||||||
| 5.80%, 07/13/2028(b) |
5,245,000 | 5,440,422 | ||||||
| 3.94%, 07/19/2028(b) |
5,153,000 | 5,079,395 | ||||||
| 5.72%, 09/14/2028(b) |
7,620,000 | 7,890,279 | ||||||
| 1.90%, 09/17/2028 |
14,130,000 | 13,007,653 | ||||||
| Synovus Bank, 5.63%, 02/15/2028 |
3,525,000 | 3,539,517 | ||||||
| Toronto-Dominion Bank (The) (Canada) |
||||||||
| 5.16%, 01/10/2028 |
8,839,000 | 8,997,484 | ||||||
| 4.86%, 01/31/2028(b) |
7,000,000 | 7,070,017 | ||||||
| 5.52%, 07/17/2028(b) |
8,838,000 | 9,107,154 | ||||||
| U.S. Bancorp, 3.90%, 04/26/2028(b) |
5,943,000 | 5,890,129 | ||||||
| UBS AG (Switzerland) |
||||||||
| 7.50%, 02/15/2028 |
17,629,000 | 18,950,661 | ||||||
| 5.65%, 09/11/2028 |
10,428,000 | 10,820,459 | ||||||
|
|
|
|||||||
| 326,174,018 | ||||||||
|
|
|
|||||||
| Beverages-1.46% |
||||||||
| Coca-Cola Co. (The) |
||||||||
| 1.50%, 03/05/2028 |
5,303,000 | 4,958,627 | ||||||
| 1.00%, 03/15/2028(b) |
9,192,000 | 8,490,960 | ||||||
| Constellation Brands, Inc., 3.60%, 02/15/2028(b) |
4,950,000 | 4,841,669 | ||||||
| Diageo Capital PLC (United Kingdom), 3.88%, 05/18/2028(b) |
3,450,000 | 3,414,820 | ||||||
| Keurig Dr Pepper, Inc., 4.35%, 05/15/2028 |
1,000,000 | 996,761 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Corporate Bond ETF (BSCS)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Beverages-(continued) |
||||||||
| PepsiCo, Inc. |
||||||||
| 4.45%, 02/07/2028 |
$ | 5,230,000 | $ | 5,280,264 | ||||
| 3.60%, 02/18/2028 |
5,303,000 | 5,240,875 | ||||||
| 4.45%, 05/15/2028(b) |
4,596,000 | 4,647,642 | ||||||
|
|
|
|||||||
| 37,871,618 | ||||||||
|
|
|
|||||||
| Biotechnology-1.64% |
||||||||
| AbbVie, Inc., 4.65%, 03/15/2028(b) |
8,002,000 | 8,084,279 | ||||||
| Amgen, Inc. |
||||||||
| 5.15%, 03/02/2028(b) |
26,005,000 | 26,486,042 | ||||||
| 1.65%, 08/15/2028 |
8,726,000 | 8,009,654 | ||||||
|
|
|
|||||||
| 42,579,975 | ||||||||
|
|
|
|||||||
| Broadline Retail-0.56% |
||||||||
| Amazon.com, Inc., 1.65%, 05/12/2028(b) |
15,639,000 | 14,624,367 | ||||||
|
|
|
|||||||
| Building Products-0.29% |
||||||||
| Lennox International, Inc., 5.50%, 09/15/2028 |
3,535,000 | 3,631,666 | ||||||
| Masco Corp., 1.50%, 02/15/2028 |
4,162,000 | 3,831,641 | ||||||
|
|
|
|||||||
| 7,463,307 | ||||||||
|
|
|
|||||||
| Capital Markets-5.08% |
||||||||
| Ameriprise Financial, Inc., 5.70%, 12/15/2028(b) |
4,182,000 | 4,359,541 | ||||||
| Ares Capital Corp., 2.88%, 06/15/2028(b) |
8,778,000 | 8,198,300 | ||||||
| Ares Management Corp., 6.38%, 11/10/2028 |
3,491,000 | 3,679,981 | ||||||
| Bank of New York Mellon Corp. (The) |
||||||||
| 3.40%, 01/29/2028 |
5,303,041 | 5,199,214 | ||||||
| 3.85%, 04/28/2028 |
6,376,000 | 6,346,047 | ||||||
| 1.65%, 07/14/2028 |
3,445,000 | 3,194,749 | ||||||
| 3.00%, 10/30/2028(b) |
3,446,000 | 3,291,756 | ||||||
| Blackstone Secured Lending Fund |
||||||||
| 5.35%, 04/13/2028(b) |
4,950,000 | 4,961,473 | ||||||
| 2.85%, 09/30/2028(b) |
4,435,666 | 4,096,340 | ||||||
| Blue Owl Credit Income Corp., 7.95%, 06/13/2028 |
4,476,000 | 4,738,883 | ||||||
| Brookfield Finance, Inc. (Canada), 3.90%, 01/25/2028 |
7,424,000 | 7,288,087 | ||||||
| Charles Schwab Corp. (The) |
||||||||
| 3.20%, 01/25/2028 |
4,950,000 | 4,822,378 | ||||||
| 2.00%, 03/20/2028(b) |
8,656,000 | 8,157,197 | ||||||
| CME Group, Inc., 3.75%, 06/15/2028 |
3,536,000 | 3,498,283 | ||||||
| FS KKR Capital Corp., 3.13%, 10/12/2028 |
5,303,000 | 4,805,148 | ||||||
| HPS Corporate Lending Fund, 5.45%, 01/14/2028(b) |
5,260,000 | 5,260,733 | ||||||
| Jefferies Financial Group, Inc., 5.88%, 07/21/2028 |
6,931,000 | 7,117,303 | ||||||
| Marex Group PLC (United Kingdom), 5.83%, 05/08/2028 |
1,000,000 | 1,004,705 | ||||||
| Nasdaq, Inc., 5.35%, 06/28/2028 |
6,508,000 | 6,680,692 | ||||||
| Nomura Holdings, Inc. (Japan) |
||||||||
| 5.84%, 01/18/2028 |
3,854,000 | 3,958,042 | ||||||
| 6.07%, 07/12/2028(b) |
6,350,000 | 6,597,010 | ||||||
| 2.17%, 07/14/2028 |
7,028,000 | 6,515,708 | ||||||
| Northern Trust Corp., 3.65%, 08/03/2028(b) |
3,445,000 | 3,385,488 | ||||||
| Principal Amount |
Value | |||||||
| Capital Markets-(continued) |
||||||||
| S&P Global, Inc., 4.75%, 08/01/2028 |
$ | 4,948,000 | $ | 4,998,762 | ||||
| State Street Corp., 4.54%, 02/28/2028(b) |
9,436,000 | 9,511,757 | ||||||
|
|
|
|||||||
| 131,667,577 | ||||||||
|
|
|
|||||||
| Chemicals-0.84% |
||||||||
| Celanese US Holdings LLC, 6.85%, 11/15/2028(b) |
6,996,000 | 7,248,486 | ||||||
| Ecolab, Inc., 5.25%, 01/15/2028(b) |
3,536,000 | 3,630,165 | ||||||
| Nutrien Ltd. (Canada), 4.90%, 03/27/2028 |
5,305,000 | 5,362,278 | ||||||
| PPG Industries, Inc., 3.75%, 03/15/2028(b) |
5,557,000 | 5,453,088 | ||||||
|
|
|
|||||||
| 21,694,017 | ||||||||
|
|
|
|||||||
| Commercial Services & Supplies-0.93% |
| |||||||
| CDW LLC/CDW Finance Corp., 3.28%, 12/01/2028(b) |
3,536,000 | 3,349,127 | ||||||
| Republic Services, Inc., 3.95%, 05/15/2028 |
5,557,018 | 5,508,154 | ||||||
| Veralto Corp., 5.35%, 09/18/2028 |
4,847,000 | 4,976,773 | ||||||
| Waste Management, Inc. |
||||||||
| 1.15%, 03/15/2028(b) |
3,465,000 | 3,191,514 | ||||||
| 4.50%, 03/15/2028 |
6,931,000 | 6,978,203 | ||||||
|
|
|
|||||||
| 24,003,771 | ||||||||
|
|
|
|||||||
| Communications Equipment-0.46% |
||||||||
| Cisco Systems, Inc., 4.55%, 02/24/2028 |
7,003,000 | 7,084,417 | ||||||
| Motorola Solutions, Inc., 4.60%, 02/23/2028 |
4,950,000 | 4,960,173 | ||||||
|
|
|
|||||||
| 12,044,590 | ||||||||
|
|
|
|||||||
| Consumer Finance-2.05% |
||||||||
| Ally Financial, Inc., 2.20%, 11/02/2028(b) |
5,303,000 | 4,841,750 | ||||||
| Capital One Financial Corp., 3.80%, 01/31/2028 |
9,899,000 | 9,706,353 | ||||||
| General Motors Financial Co., Inc. |
||||||||
| 6.00%, 01/09/2028(b) |
7,071,000 | 7,248,981 | ||||||
| 5.05%, 04/04/2028(b) |
8,512,000 | 8,535,453 | ||||||
| 2.40%, 04/10/2028 |
7,071,000 | 6,595,539 | ||||||
| 5.80%, 06/23/2028 |
9,546,000 | 9,746,712 | ||||||
| 2.40%, 10/15/2028(b) |
7,071,000 | 6,506,352 | ||||||
|
|
|
|||||||
| 53,181,140 | ||||||||
|
|
|
|||||||
| Consumer Staples Distribution & Retail-1.52% |
|
|||||||
| Dollar General Corp. |
||||||||
| 4.13%, 05/01/2028 |
3,535,000 | 3,487,389 | ||||||
| 5.20%, 07/05/2028 |
3,535,000 | 3,583,279 | ||||||
| Dollar Tree, Inc., 4.20%, 05/15/2028(b) |
8,698,000 | 8,557,970 | ||||||
| Walmart, Inc. |
||||||||
| 3.90%, 04/15/2028 |
5,303,000 | 5,293,462 | ||||||
| 3.70%, 06/26/2028 |
10,460,000 | 10,368,602 | ||||||
| 1.50%, 09/22/2028 |
8,838,000 | 8,150,075 | ||||||
|
|
|
|||||||
| 39,440,777 | ||||||||
|
|
|
|||||||
| Containers & Packaging-0.16% |
||||||||
| WRKCo, Inc., 4.00%, 03/15/2028(b) |
4,094,000 | 4,022,871 | ||||||
|
|
|
|||||||
| Distributors-0.22% |
||||||||
| LKQ Corp., 5.75%, 06/15/2028(b) |
5,642,000 | 5,790,542 | ||||||
|
|
|
|||||||
| Diversified REITs-0.90% |
||||||||
| CubeSmart L.P., 2.25%, 12/15/2028(b) |
3,889,000 | 3,592,741 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Corporate Bond ETF (BSCS)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Diversified REITs-(continued) |
||||||||
| Digital Realty Trust L.P. |
||||||||
| 5.55%, 01/15/2028 |
$ | 6,329,000 | $ | 6,481,524 | ||||
| 4.45%, 07/15/2028 |
4,504,000 | 4,490,046 | ||||||
| VICI Properties L.P., 4.75%, 02/15/2028 |
8,838,000 | 8,845,946 | ||||||
|
|
|
|||||||
| 23,410,257 | ||||||||
|
|
|
|||||||
| Diversified Telecommunication Services-1.12% |
|
|||||||
| AT&T, Inc., 1.65%, 02/01/2028 |
15,909,000 | 14,809,287 | ||||||
| Verizon Communications, Inc., 2.10%, 03/22/2028 |
15,184,000 | 14,283,714 | ||||||
|
|
|
|||||||
| 29,093,001 | ||||||||
|
|
|
|||||||
| Electric Utilities-6.31% |
||||||||
| Berkshire Hathaway Energy Co., 3.25%, 04/15/2028 |
4,241,000 | 4,130,868 | ||||||
| CenterPoint Energy Houston Electric LLC, 5.20%, 10/01/2028 |
3,462,000 | 3,546,322 | ||||||
| Commonwealth Edison Co., 3.70%, 08/15/2028(b) |
3,809,000 | 3,748,765 | ||||||
| Constellation Energy Generation LLC, 5.60%, 03/01/2028(b) |
5,303,000 | 5,469,163 | ||||||
| Duke Energy Corp., 4.30%, 03/15/2028 |
6,355,000 | 6,340,797 | ||||||
| Duke Energy Florida LLC, 3.80%, 07/15/2028 |
4,242,000 | 4,176,674 | ||||||
| Duke Energy Progress LLC, 3.70%, 09/01/2028 |
3,465,000 | 3,406,968 | ||||||
| Edison International |
||||||||
| 4.13%, 03/15/2028 |
3,809,000 | 3,664,511 | ||||||
| 5.25%, 11/15/2028(b) |
4,242,000 | 4,180,332 | ||||||
| Entergy Corp., 1.90%, 06/15/2028(b) |
4,506,000 | 4,182,246 | ||||||
| Eversource Energy, 5.45%, 03/01/2028 |
9,165,000 | 9,369,310 | ||||||
| Exelon Corp., 5.15%, 03/15/2028 |
7,031,000 | 7,153,686 | ||||||
| Florida Power & Light Co. |
||||||||
| 5.05%, 04/01/2028 |
7,041,000 | 7,198,674 | ||||||
| 4.40%, 05/15/2028 |
5,337,000 | 5,363,473 | ||||||
| Georgia Power Co., 4.65%, 05/16/2028 |
5,203,000 | 5,252,485 | ||||||
| National Rural Utilities Cooperative Finance Corp. |
||||||||
| 3.40%, 02/07/2028 |
4,847,000 | 4,733,029 | ||||||
| 4.75%, 02/07/2028(b) |
4,270,000 | 4,314,925 | ||||||
| 4.80%, 03/15/2028(b) |
4,162,000 | 4,216,419 | ||||||
| NextEra Energy Capital Holdings, Inc. |
||||||||
| 4.85%, 02/04/2028(b) |
7,040,000 | 7,117,382 | ||||||
| 4.90%, 02/28/2028 |
8,838,000 | 8,930,749 | ||||||
| 1.90%, 06/15/2028 |
10,606,000 | 9,828,281 | ||||||
| Oncor Electric Delivery Co. LLC, 4.30%, 05/15/2028 |
4,152,000 | 4,157,200 | ||||||
| Pacific Gas and Electric Co. |
||||||||
| 3.00%, 06/15/2028(b) |
5,657,000 | 5,336,011 | ||||||
| 3.75%, 07/01/2028 |
6,096,000 | 5,867,902 | ||||||
| San Diego Gas & Electric Co., 4.95%, 08/15/2028(b) |
4,162,000 | 4,235,035 | ||||||
| Southern California Edison Co. |
||||||||
| 5.30%, 03/01/2028(b) |
5,203,000 | 5,262,365 | ||||||
| 5.65%, 10/01/2028 |
3,912,000 | 3,991,116 | ||||||
| Southern Co. (The), 4.85%, 06/15/2028 |
5,303,000 | 5,371,133 | ||||||
| Southwestern Electric Power Co., Series M, 4.10%, 09/15/2028 |
3,986,000 | 3,923,198 | ||||||
| Principal Amount |
Value | |||||||
| Electric Utilities-(continued) |
||||||||
| Virginia Electric & Power Co., Series A, 3.80%, 04/01/2028(b) |
$ | 4,845,000 | $ | 4,784,033 | ||||
| Xcel Energy, Inc., 4.00%, 06/15/2028(b) |
4,365,000 | 4,300,343 | ||||||
|
|
|
|||||||
| 163,553,395 | ||||||||
|
|
|
|||||||
| Electrical Equipment-0.60% |
||||||||
| Emerson Electric Co., 2.00%, 12/21/2028(b) |
7,071,000 | 6,547,804 | ||||||
| Regal Rexnord Corp., 6.05%, 04/15/2028 |
8,820,000 | 9,057,661 | ||||||
|
|
|
|||||||
| 15,605,465 | ||||||||
|
|
|
|||||||
| Electronic Equipment, Instruments & Components-1.05% |
| |||||||
| Arrow Electronics, Inc., 3.88%, 01/12/2028 |
3,535,000 | 3,460,986 | ||||||
| Avnet, Inc., 6.25%, 03/15/2028(b) |
3,565,000 | 3,682,764 | ||||||
| Jabil, Inc., 3.95%, 01/12/2028(b) |
3,536,000 | 3,478,962 | ||||||
| TD SYNNEX Corp., 2.38%, 08/09/2028 |
4,242,000 | 3,936,958 | ||||||
| Teledyne Technologies, Inc., 2.25%, 04/01/2028 |
4,850,000 | 4,577,030 | ||||||
| Trane Technologies Global Holding Co. Ltd., 3.75%, 08/21/2028(b) |
3,889,000 | 3,821,575 | ||||||
| Trimble, Inc., 4.90%, 06/15/2028 |
4,242,000 | 4,282,588 | ||||||
|
|
|
|||||||
| 27,240,863 | ||||||||
|
|
|
|||||||
| Energy Equipment & Services-0.13% |
||||||||
| Patterson-UTI Energy, Inc., 3.95%, 02/01/2028 |
3,411,000 | 3,272,997 | ||||||
|
|
|
|||||||
| Entertainment-1.02% |
||||||||
| Netflix, Inc., 5.88%, 11/15/2028(b) |
13,434,000 | 14,098,955 | ||||||
| Take-Two Interactive Software, Inc., 4.95%, 03/28/2028 |
5,600,000 | 5,659,855 | ||||||
| Walt Disney Co. (The), 2.20%, 01/13/2028(b) |
7,079,000 | 6,763,509 | ||||||
|
|
|
|||||||
| 26,522,319 | ||||||||
|
|
|
|||||||
| Financial Services-3.60% |
||||||||
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland) |
||||||||
| 3.88%, 01/23/2028 |
3,876,000 | 3,789,611 | ||||||
| 4.88%, 04/01/2028(b) |
5,235,000 | 5,263,387 | ||||||
| 5.75%, 06/06/2028(b) |
6,930,000 | 7,123,658 | ||||||
| 3.00%, 10/29/2028 |
26,212,000 | 24,754,431 | ||||||
| Blackstone Private Credit Fund, 7.30%, 11/27/2028 |
4,510,000 | 4,777,839 | ||||||
| Block Financial LLC, 2.50%, 07/15/2028(b) |
3,535,000 | 3,292,274 | ||||||
| Fidelity National Information Services, Inc., 1.65%, 03/01/2028(b) |
5,303,000 | 4,916,818 | ||||||
| Fiserv, Inc. |
||||||||
| 5.45%, 03/02/2028(b) |
6,364,000 | 6,511,156 | ||||||
| 5.38%, 08/21/2028 |
4,950,000 | 5,069,323 | ||||||
| LPL Holdings, Inc. |
||||||||
| 4.90%, 04/03/2028 |
3,500,000 | 3,505,608 | ||||||
| 6.75%, 11/17/2028(b) |
5,303,000 | 5,633,593 | ||||||
| Mastercard, Inc. |
||||||||
| 4.10%, 01/15/2028 |
5,303,000 | 5,307,815 | ||||||
| 3.50%, 02/26/2028 |
3,535,000 | 3,484,543 | ||||||
| 4.88%, 03/09/2028 |
5,303,000 | 5,410,550 | ||||||
| MGIC Investment Corp., 5.25%, 08/15/2028 |
4,584,000 | 4,556,464 | ||||||
|
|
|
|||||||
| 93,397,070 | ||||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Corporate Bond ETF (BSCS)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Food Products-1.86% |
||||||||
| General Mills, Inc. |
||||||||
| 4.20%, 04/17/2028(b) |
$ | 9,899,000 | $ | 9,854,161 | ||||
| 5.50%, 10/17/2028(b) |
3,536,000 | 3,651,215 | ||||||
| Hershey Co. (The), 4.55%, 02/24/2028(b) |
3,200,000 | 3,234,083 | ||||||
| Hormel Foods Corp., 1.70%, 06/03/2028(b) |
5,303,000 | 4,924,573 | ||||||
| J.M. Smucker Co. (The), 5.90%, 11/15/2028(b) |
5,303,000 | 5,559,535 | ||||||
| JBS USA Holding Lux S.a.r.l./JBS USA Food Co./JBS Lux Co. S.a.r.l., 5.13%, 02/01/2028 |
6,333,000 | 6,406,127 | ||||||
| Kellanova, 4.30%, 05/15/2028(b) |
4,233,000 | 4,239,546 | ||||||
| Mondelez International, Inc., 4.13%, 05/07/2028 |
3,263,000 | 3,253,778 | ||||||
| The Campbell’s Company, 4.15%, 03/15/2028(b) |
7,079,552 | 7,028,957 | ||||||
|
|
|
|||||||
| 48,151,975 | ||||||||
|
|
|
|||||||
| Gas Utilities-0.24% |
||||||||
| CenterPoint Energy Resources Corp., 5.25%, 03/01/2028 |
6,104,000 | 6,232,778 | ||||||
|
|
|
|||||||
| Ground Transportation-0.96% |
||||||||
| Canadian Pacific Railway Co. (Canada), 4.00%, 06/01/2028 |
3,605,000 | 3,566,689 | ||||||
| CSX Corp., 3.80%, 03/01/2028 |
5,639,000 | 5,563,722 | ||||||
| Ryder System, Inc. |
||||||||
| 5.65%, 03/01/2028(b) |
3,597,000 | 3,698,258 | ||||||
| 5.25%, 06/01/2028(b) |
4,603,000 | 4,692,855 | ||||||
| Union Pacific Corp., 3.95%, 09/10/2028 |
7,398,300 | 7,328,203 | ||||||
|
|
|
|||||||
| 24,849,727 | ||||||||
|
|
|
|||||||
| Health Care Equipment & Supplies-1.76% |
| |||||||
| Abbott Laboratories, 1.15%, 01/30/2028(b) |
4,622,000 | 4,306,314 | ||||||
| Baxter International, Inc., 2.27%, 12/01/2028(b) |
8,831,000 | 8,157,344 | ||||||
| Becton, Dickinson and Co., 4.69%, 02/13/2028(b) |
5,657,000 | 5,682,969 | ||||||
| Edwards Lifesciences Corp., 4.30%, 06/15/2028(b) |
4,242,000 | 4,228,668 | ||||||
| Medtronic Global Holdings S.C.A., 4.25%, 03/30/2028 |
7,061,000 | 7,071,945 | ||||||
| Stryker Corp. |
||||||||
| 4.70%, 02/10/2028 |
4,002,000 | 4,039,510 | ||||||
| 3.65%, 03/07/2028 |
4,242,000 | 4,166,364 | ||||||
| 4.85%, 12/08/2028 |
4,242,000 | 4,303,159 | ||||||
| Zimmer Biomet Holdings, Inc., 5.35%, 12/01/2028 |
3,535,000 | 3,627,434 | ||||||
|
|
|
|||||||
| 45,583,707 | ||||||||
|
|
|
|||||||
| Health Care Providers & Services-5.00% |
| |||||||
| Centene Corp., 2.45%, 07/15/2028 |
16,083,000 | 14,822,352 | ||||||
| Cigna Group (The), 4.38%, 10/15/2028 |
26,580,177 | 26,437,691 | ||||||
| CVS Health Corp., 4.30%, 03/25/2028 |
34,649,000 | 34,270,561 | ||||||
| Elevance Health, Inc., 4.10%, 03/01/2028(b) |
8,781,990 | 8,707,555 | ||||||
| HCA, Inc. |
||||||||
| 5.00%, 03/01/2028(b) |
4,870,000 | 4,922,447 | ||||||
| 5.20%, 06/01/2028(b) |
7,071,000 | 7,173,706 | ||||||
| 5.63%, 09/01/2028(b) |
10,606,000 | 10,852,087 | ||||||
| Principal Amount |
Value | |||||||
| Health Care Providers & Services-(continued) |
|
|||||||
| Humana, Inc. |
||||||||
| 5.75%, 03/01/2028 |
$ | 3,489,000 | $ | 3,580,887 | ||||
| 5.75%, 12/01/2028(b) |
3,535,000 | 3,650,219 | ||||||
| UnitedHealth Group, Inc. |
||||||||
| 5.25%, 02/15/2028(b) |
7,071,000 | 7,206,856 | ||||||
| 3.85%, 06/15/2028 |
8,095,000 | 7,962,995 | ||||||
|
|
|
|||||||
| 129,587,356 | ||||||||
|
|
|
|||||||
| Health Care REITs-0.65% |
||||||||
| Healthpeak OP LLC, 2.13%, 12/01/2028(b) |
3,535,000 | 3,247,906 | ||||||
| Omega Healthcare Investors, Inc., 4.75%, 01/15/2028(b) |
3,801,000 | 3,804,554 | ||||||
| Ventas Realty L.P., 4.00%, 03/01/2028 |
4,532,000 | 4,460,971 | ||||||
| Welltower OP LLC, 4.25%, 04/15/2028 |
5,303,000 | 5,288,058 | ||||||
|
|
|
|||||||
| 16,801,489 | ||||||||
|
|
|
|||||||
| Hotels, Restaurants & Leisure-1.53% |
||||||||
| Booking Holdings, Inc., 3.55%, 03/15/2028 |
3,535,000 | 3,461,446 | ||||||
| Expedia Group, Inc., 3.80%, 02/15/2028 |
7,070,750 | 6,927,369 | ||||||
| Hyatt Hotels Corp., 5.05%, 03/30/2028 |
2,200,000 | 2,211,495 | ||||||
| Las Vegas Sands Corp., 5.63%, 06/15/2028 |
1,000,000 | 1,002,549 | ||||||
| Marriott International, Inc., 5.55%, 10/15/2028(b) |
4,950,000 | 5,107,666 | ||||||
| McDonald’s Corp. |
||||||||
| 3.80%, 04/01/2028(b) |
7,424,514 | 7,334,776 | ||||||
| 4.80%, 08/14/2028 |
4,242,000 | 4,306,469 | ||||||
| Starbucks Corp. |
||||||||
| 3.50%, 03/01/2028 |
4,242,000 | 4,140,489 | ||||||
| 4.00%, 11/15/2028 |
5,298,000 | 5,225,107 | ||||||
|
|
|
|||||||
| 39,717,366 | ||||||||
|
|
|
|||||||
| Household Durables-0.17% |
||||||||
| Mohawk Industries, Inc., 5.85%, 09/18/2028(b) |
4,156,000 | 4,294,415 | ||||||
|
|
|
|||||||
| Household Products-0.44% |
||||||||
| Clorox Co. (The), 3.90%, 05/15/2028 |
3,535,000 | 3,501,034 | ||||||
| Colgate-Palmolive Co., 4.60%, 03/01/2028 |
3,535,000 | 3,590,892 | ||||||
| Procter & Gamble Co. (The), 3.95%, 01/26/2028(b) |
4,250,000 | 4,262,442 | ||||||
|
|
|
|||||||
| 11,354,368 | ||||||||
|
|
|
|||||||
| Independent Power and Renewable Electricity Producers-0.25% |
| |||||||
| AES Corp. (The), 5.45%, 06/01/2028(b) |
6,369,000 | 6,454,099 | ||||||
|
|
|
|||||||
| Industrial Conglomerates-0.43% |
||||||||
| 3M Co., 3.63%, 09/14/2028(b) |
4,242,000 | 4,145,822 | ||||||
| Eaton Corp., 4.35%, 05/18/2028 |
3,485,000 | 3,500,810 | ||||||
| Honeywell International, Inc., 4.95%, 02/15/2028(b) |
3,535,000 | 3,596,126 | ||||||
|
|
|
|||||||
| 11,242,758 | ||||||||
|
|
|
|||||||
| Insurance-0.29% |
||||||||
| Lincoln National Corp., 3.80%, 03/01/2028 |
3,485,000 | 3,408,999 | ||||||
| Willis North America, Inc., 4.50%, 09/15/2028(b) |
4,158,000 | 4,145,956 | ||||||
|
|
|
|||||||
| 7,554,955 | ||||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Corporate Bond ETF (BSCS)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Interactive Media & Services-0.42% |
||||||||
| Meta Platforms, Inc., 4.60%, 05/15/2028(b) |
$ | 10,606,000 | $ | 10,779,600 | ||||
|
|
|
|||||||
| IT Services-0.71% |
||||||||
| DXC Technology Co., 2.38%, 09/15/2028(b) |
4,596,000 | 4,211,913 | ||||||
| International Business Machines Corp. |
||||||||
| 4.50%, 02/06/2028(b) |
7,085,000 | 7,133,982 | ||||||
| 4.65%, 02/10/2028(b) |
7,004,000 | 7,056,575 | ||||||
|
|
|
|||||||
| 18,402,470 | ||||||||
|
|
|
|||||||
| Life Sciences Tools & Services-0.30% |
| |||||||
| Revvity, Inc., 1.90%, 09/15/2028(b) |
3,535,000 | 3,242,360 | ||||||
| Thermo Fisher Scientific, Inc., 1.75%, 10/15/2028 |
4,950,000 | 4,556,116 | ||||||
|
|
|
|||||||
| 7,798,476 | ||||||||
|
|
|
|||||||
| Machinery-2.28% |
||||||||
| CNH Industrial Capital LLC |
||||||||
| 4.75%, 03/21/2028 |
3,470,000 | 3,477,741 | ||||||
| 4.55%, 04/10/2028 |
4,242,000 | 4,234,523 | ||||||
| Ingersoll Rand, Inc., 5.40%, 08/14/2028 |
3,465,000 | 3,558,913 | ||||||
| John Deere Capital Corp. |
||||||||
| 4.65%, 01/07/2028 |
3,535,000 | 3,582,016 | ||||||
| 4.75%, 01/20/2028 |
7,778,000 | 7,885,139 | ||||||
| 4.90%, 03/03/2028 |
4,506,000 | 4,593,988 | ||||||
| 1.50%, 03/06/2028 |
3,465,000 | 3,223,456 | ||||||
| 4.95%, 07/14/2028(b) |
10,606,000 | 10,831,576 | ||||||
| Otis Worldwide Corp., 5.25%, 08/16/2028(b) |
5,303,000 | 5,438,786 | ||||||
| Wabtec Corp., 4.70%, 09/15/2028 |
8,838,000 | 8,865,349 | ||||||
| Xylem, Inc., 1.95%, 01/30/2028 |
3,535,000 | 3,326,619 | ||||||
|
|
|
|||||||
| 59,018,106 | ||||||||
|
|
|
|||||||
| Marine Transportation-0.13% |
||||||||
| Kirby Corp., 4.20%, 03/01/2028 |
3,495,000 | 3,440,019 | ||||||
|
|
|
|||||||
| Media-1.88% |
||||||||
| Charter Communications Operating LLC/ Charter Communications Operating Capital Corp. |
||||||||
| 3.75%, 02/15/2028 |
7,001,000 | 6,834,673 | ||||||
| 4.20%, 03/15/2028(b) |
8,838,000 | 8,728,536 | ||||||
| Comcast Corp. |
||||||||
| 3.15%, 02/15/2028 |
11,582,000 | 11,237,637 | ||||||
| 3.55%, 05/01/2028 |
7,071,000 | 6,928,365 | ||||||
| Discovery Communications LLC, 3.95%, 03/20/2028 |
12,020,000 | 11,479,803 | ||||||
| Paramount Global, 3.38%, 02/15/2028 |
3,598,000 | 3,460,819 | ||||||
|
|
|
|||||||
| 48,669,833 | ||||||||
|
|
|
|||||||
| Metals & Mining-0.38% |
||||||||
| Freeport-McMoRan, Inc. |
||||||||
| 4.13%, 03/01/2028 |
3,438,000 | 3,383,376 | ||||||
| 4.38%, 08/01/2028(b) |
3,063,000 | 3,034,957 | ||||||
| Nucor Corp., 3.95%, 05/01/2028(b) |
3,505,000 | 3,478,796 | ||||||
|
|
|
|||||||
| 9,897,129 | ||||||||
|
|
|
|||||||
| Multi-Utilities-1.41% |
||||||||
| DTE Electric Co., Series A, 1.90%, 04/01/2028(b) |
4,066,000 | 3,816,825 | ||||||
| DTE Energy Co., 4.88%, 06/01/2028 |
5,657,000 | 5,709,618 | ||||||
| National Grid PLC (United Kingdom), 5.60%, 06/12/2028 |
4,850,000 | 4,991,115 | ||||||
| NiSource, Inc., 5.25%, 03/30/2028(b) |
7,424,000 | 7,569,372 | ||||||
| Principal Amount |
Value | |||||||
| Multi-Utilities-(continued) |
||||||||
| Public Service Enterprise Group, Inc., 5.88%, 10/15/2028 |
$ | 4,201,000 | $ | 4,370,725 | ||||
| Sempra, 3.40%, 02/01/2028 |
7,070,609 | 6,876,391 | ||||||
| WEC Energy Group, Inc., 2.20%, 12/15/2028 |
3,535,000 | 3,266,308 | ||||||
|
|
|
|||||||
| 36,600,354 | ||||||||
|
|
|
|||||||
| Oil, Gas & Consumable Fuels-5.36% |
||||||||
| BP Capital Markets PLC, 3.72%, 11/28/2028(b) |
5,657,000 | 5,530,551 | ||||||
| Chevron USA, Inc. |
||||||||
| 3.85%, 01/15/2028 |
4,243,000 | 4,221,528 | ||||||
| 4.48%, 02/26/2028(b) |
6,930,000 | 6,996,335 | ||||||
| Continental Resources, Inc., 4.38%, 01/15/2028 |
6,942,000 | 6,792,847 | ||||||
| Enbridge, Inc. (Canada), 6.00%, 11/15/2028 |
5,303,000 | 5,542,567 | ||||||
| Energy Transfer L.P. |
||||||||
| 5.55%, 02/15/2028 |
6,941,000 | 7,112,160 | ||||||
| 4.95%, 05/15/2028 |
5,598,500 | 5,650,776 | ||||||
| 4.95%, 06/15/2028 |
7,001,028 | 7,050,284 | ||||||
| 6.10%, 12/01/2028 |
3,505,000 | 3,660,789 | ||||||
| EQT Corp., 5.70%, 04/01/2028 |
3,535,000 | 3,610,566 | ||||||
| Equinor ASA (Norway), 3.63%, 09/10/2028(b) |
6,999,000 | 6,878,769 | ||||||
| Kinder Morgan, Inc., 4.30%, 03/01/2028(b) |
8,703,750 | 8,681,937 | ||||||
| MPLX L.P., 4.00%, 03/15/2028 |
8,838,000 | 8,714,948 | ||||||
| Occidental Petroleum Corp., 6.38%, 09/01/2028(b) |
4,005,000 | 4,132,860 | ||||||
| ONEOK, Inc. |
||||||||
| 4.55%, 07/15/2028 |
5,657,000 | 5,639,950 | ||||||
| 5.65%, 11/01/2028(b) |
5,303,000 | 5,459,839 | ||||||
| Ovintiv, Inc., 5.65%, 05/15/2028 |
4,950,000 | 5,047,225 | ||||||
| Phillips 66, 3.90%, 03/15/2028 |
5,648,000 | 5,566,578 | ||||||
| Sabine Pass Liquefaction LLC, 4.20%, 03/15/2028(b) |
9,356,000 | 9,270,706 | ||||||
| TransCanada PipeLines Ltd. (Canada), 4.25%, 05/15/2028 |
9,899,000 | 9,823,206 | ||||||
| Valero Energy Corp., 4.35%, 06/01/2028 |
4,102,000 | 4,082,058 | ||||||
| Valero Energy Partners L.P., 4.50%, 03/15/2028 |
3,165,000 | 3,160,004 | ||||||
| Williams Cos., Inc. (The), 5.30%, 08/15/2028 |
6,299,000 | 6,440,811 | ||||||
|
|
|
|||||||
| 139,067,294 | ||||||||
|
|
|
|||||||
| Passenger Airlines-0.11% |
||||||||
| Delta Air Lines, Inc., 4.38%, 04/19/2028(b) |
2,934,000 | 2,897,264 | ||||||
|
|
|
|||||||
| Personal Care Products-1.01% |
||||||||
| Estee Lauder Cos., Inc. (The), 4.38%, 05/15/2028(b) |
4,950,000 | 4,955,916 | ||||||
| Kenvue, Inc., 5.05%, 03/22/2028(b) |
7,071,000 | 7,251,300 | ||||||
| Unilever Capital Corp. (United Kingdom) |
||||||||
| 3.50%, 03/22/2028(b) |
9,151,000 | 8,999,421 | ||||||
| 4.88%, 09/08/2028 |
4,931,000 | 5,045,025 | ||||||
|
|
|
|||||||
| 26,251,662 | ||||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Corporate Bond ETF (BSCS)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Pharmaceuticals-3.89% |
||||||||
| AstraZeneca Finance LLC (United Kingdom) |
||||||||
| 4.88%, 03/03/2028(b) |
$ | 7,778,000 | $ | 7,921,575 | ||||
| 1.75%, 05/28/2028 |
8,838,000 | 8,244,975 | ||||||
| Bristol-Myers Squibb Co., 3.90%, 02/20/2028(b) |
10,253,000 | 10,181,151 | ||||||
| Eli Lilly and Co., 4.55%, 02/12/2028(b) |
7,020,000 | 7,099,358 | ||||||
| GlaxoSmithKline Capital, Inc. (United Kingdom), 3.88%, 05/15/2028 |
12,373,786 | 12,275,845 | ||||||
| Johnson & Johnson |
||||||||
| 2.90%, 01/15/2028 |
10,606,000 | 10,325,857 | ||||||
| 4.55%, 03/01/2028(b) |
5,000,000 | 5,071,831 | ||||||
| Merck & Co., Inc. |
||||||||
| 4.05%, 05/17/2028(b) |
3,536,000 | 3,535,964 | ||||||
| 1.90%, 12/10/2028(b) |
7,071,000 | 6,542,135 | ||||||
| Pfizer, Inc., 3.60%, 09/15/2028(b) |
7,070,441 | 6,959,538 | ||||||
| Sanofi S.A., 3.63%, 06/19/2028 |
7,070,842 | 6,964,340 | ||||||
| Takeda Pharmaceutical Co. Ltd. (Japan), 5.00%, 11/26/2028 |
12,180,000 | 12,349,191 | ||||||
| Zoetis, Inc., 3.90%, 08/20/2028 |
3,535,000 | 3,494,709 | ||||||
|
|
|
|||||||
| 100,966,469 | ||||||||
|
|
|
|||||||
| Professional Services-0.85% |
||||||||
| Automatic Data Processing, Inc., 1.70%, 05/15/2028(b) |
7,071,000 | 6,617,573 | ||||||
| Concentrix Corp., 6.60%, 08/02/2028(b) |
5,657,000 | 5,933,053 | ||||||
| Equifax, Inc., 5.10%, 06/01/2028 |
4,950,000 | 5,010,512 | ||||||
| Jacobs Engineering Group, Inc., 6.35%, 08/18/2028 |
4,198,000 | 4,387,169 | ||||||
|
|
|
|||||||
| 21,948,307 | ||||||||
|
|
|
|||||||
| Real Estate Management & Development-0.18% |
|
|||||||
| Piedmont Operating Partnership L.P., 9.25%, 07/20/2028 |
4,242,000 | 4,685,665 | ||||||
|
|
|
|||||||
| Residential REITs-0.41% |
||||||||
| American Homes 4 Rent L.P., 4.25%, 02/15/2028 |
3,465,000 | 3,423,514 | ||||||
| ERP Operating L.P., 3.50%, 03/01/2028 . |
3,465,000 | 3,390,234 | ||||||
| Invitation Homes Operating Partnership L.P., 2.30%, 11/15/2028 |
4,162,000 | 3,864,309 | ||||||
|
|
|
|||||||
| 10,678,057 | ||||||||
|
|
|
|||||||
| Retail REITs-0.50% |
||||||||
| Realty Income Corp. |
||||||||
| 3.40%, 01/15/2028(b) |
4,140,000 | 4,039,036 | ||||||
| 3.65%, 01/15/2028(b) |
3,789,000 | 3,724,633 | ||||||
| Simon Property Group L.P., 1.75%, 02/01/2028 |
5,657,000 | 5,292,070 | ||||||
|
|
|
|||||||
| 13,055,739 | ||||||||
|
|
|
|||||||
| Semiconductors & Semiconductor Equipment-2.96% |
| |||||||
| Advanced Micro Devices, Inc., 4.32%, 03/24/2028(b) |
3,997,000 | 4,014,568 | ||||||
| Analog Devices, Inc., 1.70%, 10/01/2028(b) |
5,303,000 | 4,871,188 | ||||||
| Broadcom Corp./Broadcom Cayman Finance Ltd., 3.50%, 01/15/2028 |
5,491,000 | 5,376,687 | ||||||
| Broadcom, Inc. |
||||||||
| 4.15%, 02/15/2028 |
6,187,000 | 6,158,172 | ||||||
| 4.80%, 04/15/2028(b) |
7,778,000 | 7,869,529 | ||||||
| Principal Amount |
Value | |||||||
| Semiconductors & Semiconductor Equipment-(continued) |
| |||||||
| Intel Corp. |
||||||||
| 4.88%, 02/10/2028 |
$ | 12,374,000 | $ | 12,477,687 | ||||
| 1.60%, 08/12/2028 |
7,071,000 | 6,445,172 | ||||||
| Marvell Technology, Inc., 2.45%, 04/15/2028 |
5,303,000 | 5,001,057 | ||||||
| Microchip Technology, Inc., 4.90%, 03/15/2028 |
7,071,000 | 7,098,428 | ||||||
| Micron Technology, Inc., 5.38%, 04/15/2028(b) |
4,242,000 | 4,329,795 | ||||||
| NVIDIA Corp., 1.55%, 06/15/2028(b) |
8,838,000 | 8,212,707 | ||||||
| Texas Instruments, Inc., 4.60%, 02/15/2028(b) |
4,944,000 | 5,003,780 | ||||||
|
|
|
|||||||
| 76,858,770 | ||||||||
|
|
|
|||||||
| Software-2.88% |
||||||||
| Adobe, Inc., 4.75%, 01/17/2028(b) |
5,592,000 | 5,680,619 | ||||||
| Intuit, Inc., 5.13%, 09/15/2028(b) |
5,303,000 | 5,450,870 | ||||||
| Oracle Corp. |
||||||||
| 2.30%, 03/25/2028 |
13,902,000 | 13,135,248 | ||||||
| 4.50%, 05/06/2028(b) |
5,303,000 | 5,328,922 | ||||||
| 4.80%, 08/03/2028 |
10,520,000 | 10,626,364 | ||||||
| Roper Technologies, Inc., 4.20%, 09/15/2028 |
5,657,000 | 5,615,830 | ||||||
| Salesforce, Inc. |
||||||||
| 3.70%, 04/11/2028 |
10,606,000 | 10,497,690 | ||||||
| 1.50%, 07/15/2028(b) |
7,071,000 | 6,531,698 | ||||||
| Synopsys, Inc., 4.65%, 04/01/2028 |
7,030,000 | 7,074,107 | ||||||
| VMware LLC, 1.80%, 08/15/2028 |
5,303,000 | 4,854,187 | ||||||
|
|
|
|||||||
| 74,795,535 | ||||||||
|
|
|
|||||||
| Specialized REITs-2.68% |
||||||||
| American Tower Corp. |
||||||||
| 3.60%, 01/15/2028 |
4,954,000 | 4,843,183 | ||||||
| 1.50%, 01/31/2028 |
4,618,000 | 4,269,943 | ||||||
| 5.50%, 03/15/2028(b) |
5,040,000 | 5,154,758 | ||||||
| 5.25%, 07/15/2028(b) |
4,597,000 | 4,689,498 | ||||||
| 5.80%, 11/15/2028 |
5,303,000 | 5,508,875 | ||||||
| Crown Castle, Inc. |
||||||||
| 5.00%, 01/11/2028 |
7,071,000 | 7,116,916 | ||||||
| 3.80%, 02/15/2028 |
7,071,000 | 6,909,724 | ||||||
| 4.80%, 09/01/2028 |
4,203,000 | 4,203,055 | ||||||
| Equinix, Inc., 1.55%, 03/15/2028(b) |
4,596,000 | 4,259,679 | ||||||
| Extra Space Storage L.P., 5.70%, 04/01/2028 |
5,637,000 | 5,795,992 | ||||||
| GLP Capital L.P./GLP Financing II, Inc., 5.75%, 06/01/2028 |
3,565,000 | 3,632,806 | ||||||
| Prologis L.P., 4.88%, 06/15/2028 |
5,303,000 | 5,380,994 | ||||||
| Public Storage Operating Co. |
||||||||
| 1.85%, 05/01/2028(b) |
4,507,000 | 4,206,819 | ||||||
| 1.95%, 11/09/2028(b) |
3,889,000 | 3,593,891 | ||||||
|
|
|
|||||||
| 69,566,133 | ||||||||
|
|
|
|||||||
| Specialty Retail-1.76% |
||||||||
| AutoZone, Inc., 6.25%, 11/01/2028 |
3,535,000 | 3,738,627 | ||||||
| Dell International LLC/EMC Corp. |
||||||||
| 5.25%, 02/01/2028(b) |
7,080,000 | 7,223,173 | ||||||
| 4.75%, 04/01/2028(b) |
5,205,000 | 5,230,031 | ||||||
| Home Depot, Inc. (The) |
||||||||
| 0.90%, 03/15/2028 |
3,535,000 | 3,238,515 | ||||||
| 1.50%, 09/15/2028(b) |
7,071,000 | 6,500,199 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Corporate Bond ETF (BSCS)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Specialty Retail-(continued) |
||||||||
| Lowe’s Cos., Inc. |
||||||||
| 1.30%, 04/15/2028 |
$ | 7,070,490 | $ | 6,504,860 | ||||
| 1.70%, 09/15/2028 |
7,071,000 | 6,493,005 | ||||||
| O’Reilly Automotive, Inc., 4.35%, 06/01/2028(b) |
3,536,000 | 3,534,060 | ||||||
| TJX Cos., Inc. (The), 1.15%, 05/15/2028(b) |
3,535,000 | 3,246,771 | ||||||
|
|
|
|||||||
| 45,709,241 | ||||||||
|
|
|
|||||||
| Technology Hardware, Storage & Peripherals-2.05% |
|
|||||||
| Apple, Inc. |
||||||||
| 1.20%, 02/08/2028(b) |
17,517,000 | 16,265,169 | ||||||
| 4.00%, 05/10/2028(b) |
10,606,000 | 10,620,702 | ||||||
| 4.00%, 05/12/2028 |
1,000,000 | 999,368 | ||||||
| 1.40%, 08/05/2028(b) |
16,123,000 | 14,852,489 | ||||||
| Hewlett Packard Enterprise Co., 5.25%, 07/01/2028(b) |
3,889,000 | 3,963,316 | ||||||
| HP, Inc., 4.75%, 01/15/2028 |
6,375,000 | 6,398,326 | ||||||
|
|
|
|||||||
| 53,099,370 | ||||||||
|
|
|
|||||||
| Tobacco-1.74% |
||||||||
| Altria Group, Inc. |
||||||||
| 4.88%, 02/04/2028(b) |
3,480,000 | 3,513,133 | ||||||
| 6.20%, 11/01/2028 |
3,535,000 | 3,716,183 | ||||||
| B.A.T. Capital Corp. (United Kingdom), 2.26%, 03/25/2028(b) |
12,373,500 | 11,638,129 | ||||||
| B.A.T. International Finance PLC (United Kingdom), 4.45%, 03/16/2028(b) |
7,071,000 | 7,050,132 | ||||||
| Philip Morris International, Inc. |
||||||||
| 4.88%, 02/15/2028(b) |
10,960,000 | 11,111,830 | ||||||
| 3.13%, 03/02/2028 |
3,534,950 | 3,432,822 | ||||||
| 5.25%, 09/07/2028 |
4,596,000 | 4,713,872 | ||||||
|
|
|
|||||||
| 45,176,101 | ||||||||
|
|
|
|||||||
| Trading Companies & Distributors-0.32% |
||||||||
| Air Lease Corp. |
||||||||
| 5.30%, 02/01/2028(b) |
4,900,000 | 4,994,395 | ||||||
| 2.10%, 09/01/2028 |
3,515,750 | 3,258,039 | ||||||
|
|
|
|||||||
| 8,252,434 | ||||||||
|
|
|
|||||||
| Water Utilities-0.17% |
||||||||
| American Water Capital Corp., 3.75%, 09/01/2028(b) |
4,404,000 | 4,324,765 | ||||||
|
|
|
|||||||
| Principal Amount |
Value | |||||||
| Wireless Telecommunication Services-1.64% |
|
|||||||
| Sprint Capital Corp., 6.88%, 11/15/2028 |
$ | 17,230,000 | $ | 18,436,181 | ||||
| T-Mobile USA, Inc. |
||||||||
| 4.75%, 02/01/2028(b) |
10,606,000 | 10,624,868 | ||||||
| 4.95%, 03/15/2028(b) |
7,001,000 | 7,106,424 | ||||||
| 4.80%, 07/15/2028(b) |
6,364,000 | 6,433,210 | ||||||
|
|
|
|||||||
| 42,600,683 | ||||||||
|
|
|
|||||||
| Total U.S. Dollar Denominated Bonds & Notes |
|
2,558,268,021 | ||||||
|
|
|
|||||||
| Shares | ||||||||
| Money Market Funds-0.47% |
||||||||
| Invesco Government & Agency Portfolio, Institutional Class, 4.24%(c)(d) |
12,324,853 | 12,324,853 | ||||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash
collateral from securities on loan)-99.12% |
|
2,570,592,874 | ||||||
|
|
|
|||||||
| Investments Purchased with Cash Collateral from Securities on Loan |
|
|||||||
| Money Market Funds-17.51% |
||||||||
| Invesco Private Government Fund, 4.29%(c)(d)(e) |
126,004,951 | 126,004,951 | ||||||
| Invesco Private Prime Fund, 4.45%(c)(d)(e) |
327,997,514 | 328,063,114 | ||||||
|
|
|
|||||||
| Total Investments Purchased with Cash Collateral from Securities on
Loan |
|
454,068,065 | ||||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN
SECURITIES-116.63% |
|
3,024,660,939 | ||||||
| OTHER ASSETS LESS LIABILITIES-(16.63)% |
|
(431,384,202 | ) | |||||
|
|
|
|||||||
| NET ASSETS-100.00% |
$ | 2,593,276,737 | ||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Corporate Bond ETF (BSCS)–(continued)
May 31, 2025
(Unaudited)
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) | All or a portion of this security was out on loan at May 31, 2025. |
| (c) | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the nine months ended May 31, 2025. |
| Value August 31, 2024 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized Appreciation (Depreciation) |
Realized Gain (Loss) |
Value May 31, 2025 |
Dividend Income | |||||||||||||||||||||||||||||
| Investments in Affiliated Money Market Funds: | |||||||||||||||||||||||||||||||||||
| Invesco Government & Agency Portfolio, Institutional Class | $ | 74,172 | $ | 99,922,105 | $ | (87,671,424 | ) | $ | - | $ | - | $ | 12,324,853 | $ | 186,197 | ||||||||||||||||||||
| Investments Purchased with Cash Collateral from Securities on Loan: | |||||||||||||||||||||||||||||||||||
| Invesco Private Government Fund | 115,834,395 | 338,858,836 | (328,688,280 | ) | - | - | 126,004,951 | 3,741,997 | * | ||||||||||||||||||||||||||
| Invesco Private Prime Fund | 301,952,584 | 736,871,361 | (710,701,466 | ) | (40,244 | ) | (19,121 | ) | 328,063,114 | 10,020,474 | * | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||
| Total | $ | 417,861,151 | $ | 1,175,652,302 | $ | (1,127,061,170 | ) | $ | (40,244 | ) | $ | (19,121 | ) | $ | 466,392,918 | $ | 13,948,668 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||
| * | Represents the income earned on the investment of cash collateral. 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 May 31, 2025. |
| (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. |
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments(a)
Invesco BulletShares 2029 Corporate Bond ETF (BSCT)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| U.S. Dollar Denominated Bonds & Notes-98.55% |
| |||||||
| Aerospace & Defense-1.64% |
||||||||
| Boeing Co. (The) |
||||||||
| 3.20%, 03/01/2029(b) |
$ | 5,560,000 | $ | 5,262,106 | ||||
| 6.30%, 05/01/2029(b) |
8,268,000 | 8,698,665 | ||||||
| Howmet Aerospace, Inc., 3.00%, 01/15/2029(b) |
3,855,000 | 3,667,897 | ||||||
| L3Harris Technologies, Inc., 5.05%, 06/01/2029 |
4,159,000 | 4,224,434 | ||||||
| Lockheed Martin Corp., 4.50%, 02/15/2029(b) |
3,614,000 | 3,634,668 | ||||||
| Northrop Grumman Corp., 4.60%, 02/01/2029 |
2,762,000 | 2,781,855 | ||||||
| RTX Corp. |
||||||||
| 5.75%, 01/15/2029 |
2,785,000 | 2,903,703 | ||||||
| 7.50%, 09/15/2029 |
2,290,000 | 2,540,226 | ||||||
|
|
|
|||||||
| 33,713,554 | ||||||||
|
|
|
|||||||
| Air Freight & Logistics-0.36% |
||||||||
| GXO Logistics, Inc., 6.25%, 05/06/2029 . |
3,313,000 | 3,393,589 | ||||||
| United Parcel Service, Inc., 3.40%, 03/15/2029(b) |
4,140,000 | 4,006,298 | ||||||
|
|
|
|||||||
| 7,399,887 | ||||||||
|
|
|
|||||||
| Automobile Components-0.28% |
||||||||
| Aptiv Swiss Holdings Ltd., 4.65%, 09/13/2029(b) |
3,027,000 | 2,978,702 | ||||||
| BorgWarner, Inc., 4.95%, 08/15/2029(b) |
2,771,000 | 2,782,179 | ||||||
|
|
|
|||||||
| 5,760,881 | ||||||||
|
|
|
|||||||
| Automobiles-3.80% |
||||||||
| American Honda Finance Corp. |
||||||||
| 2.25%, 01/12/2029(b) |
3,586,000 | 3,301,296 | ||||||
| 4.90%, 03/13/2029(b) |
4,142,000 | 4,176,148 | ||||||
| 4.40%, 09/05/2029 |
4,134,000 | 4,092,114 | ||||||
| Ford Motor Credit Co. LLC |
||||||||
| 2.90%, 02/10/2029 |
4,160,000 | 3,725,451 | ||||||
| 5.80%, 03/08/2029 |
8,915,000 | 8,796,045 | ||||||
| 5.11%, 05/03/2029 |
8,307,000 | 7,987,689 | ||||||
| 5.30%, 09/06/2029 |
5,028,000 | 4,867,229 | ||||||
| 5.88%, 11/07/2029 |
6,930,000 | 6,846,540 | ||||||
| General Motors Co., 5.40%, 10/15/2029(b) |
5,559,000 | 5,600,676 | ||||||
| PACCAR Financial Corp., 4.60%, 01/31/2029(b) |
3,306,000 | 3,336,500 | ||||||
| Toyota Motor Corp. (Japan), 2.76%, 07/02/2029(b) |
2,763,000 | 2,599,841 | ||||||
| Toyota Motor Credit Corp. |
||||||||
| 4.65%, 01/05/2029 |
4,436,000 | 4,466,730 | ||||||
| 3.65%, 01/08/2029 |
2,737,000 | 2,664,599 | ||||||
| 5.05%, 05/16/2029 |
5,582,000 | 5,699,490 | ||||||
| 4.45%, 06/29/2029 |
4,438,000 | 4,444,477 | ||||||
| 4.55%, 08/09/2029(b) |
5,558,000 | 5,572,289 | ||||||
|
|
|
|||||||
| 78,177,114 | ||||||||
|
|
|
|||||||
| Banks-6.24% |
||||||||
| Banco Bilbao Vizcaya Argentaria S.A. (Spain), 5.38%, 03/13/2029(b) |
5,530,000 | 5,663,019 | ||||||
| Bank of Nova Scotia (The) (Canada), 5.45%, 08/01/2029 |
3,880,000 | 4,002,405 | ||||||
| Canadian Imperial Bank of Commerce (Canada), 5.26%, 04/08/2029(b) |
6,397,000 | 6,547,651 | ||||||
| Citibank N.A., 4.84%, 08/06/2029(b) |
8,342,000 | 8,446,345 | ||||||
| Principal Amount |
Value | |||||||
| Banks-(continued) |
||||||||
| Cooperatieve Rabobank U.A. (Netherlands) |
||||||||
| 4.80%, 01/09/2029(b) |
$ | 2,754,000 | $ | 2,789,365 | ||||
| 4.49%, 10/17/2029(b) |
4,174,000 | 4,190,849 | ||||||
| KeyCorp, 2.55%, 10/01/2029(b) |
4,135,000 | 3,770,180 | ||||||
| Mitsubishi UFJ Financial Group, Inc. (Japan) |
||||||||
| 3.74%, 03/07/2029 |
8,335,000 | 8,125,679 | ||||||
| 3.20%, 07/18/2029 |
9,657,000 | 9,140,058 | ||||||
| National Bank of Canada (Canada), 4.50%, 10/10/2029 |
5,541,000 | 5,488,905 | ||||||
| PNC Bank N.A., 2.70%, 10/22/2029 |
4,159,000 | 3,828,011 | ||||||
| PNC Financial Services Group, Inc. (The), 3.45%, 04/23/2029 |
8,338,000 | 8,044,825 | ||||||
| Royal Bank of Canada (Canada), 4.95%, 02/01/2029(b) |
5,563,000 | 5,664,586 | ||||||
| Sumitomo Mitsui Financial Group, Inc. (Japan) |
||||||||
| 2.47%, 01/14/2029(b) |
2,741,000 | 2,552,371 | ||||||
| 5.32%, 07/09/2029(b) |
4,135,000 | 4,240,051 | ||||||
| 3.04%, 07/16/2029 |
13,796,000 | 12,972,766 | ||||||
| 2.72%, 09/27/2029(b) |
2,770,000 | 2,578,383 | ||||||
| Toronto-Dominion Bank (The) (Canada) |
||||||||
| 4.99%, 04/05/2029(b) |
5,002,000 | 5,076,527 | ||||||
| 4.78%, 12/17/2029 |
5,559,000 | 5,583,009 | ||||||
| Truist Financial Corp., 3.88%, 03/19/2029 |
3,582,000 | 3,473,738 | ||||||
| Wells Fargo & Co., 4.15%, 01/24/2029 |
13,897,000 | 13,726,494 | ||||||
| Zions Bancorporation N.A., 3.25%, 10/29/2029(b) |
2,773,000 | 2,505,792 | ||||||
|
|
|
|||||||
| 128,411,009 | ||||||||
|
|
|
|||||||
| Beverages-2.70% |
||||||||
| Anheuser-Busch InBev Worldwide, Inc. (Belgium), 4.75%, 01/23/2029 |
23,624,000 | 23,962,770 | ||||||
| Coca-Cola Co. (The), 2.13%, 09/06/2029(b) |
5,475,000 | 5,053,733 | ||||||
| Coca-Cola Consolidated, Inc., 5.25%, 06/01/2029 |
3,885,000 | 3,974,913 | ||||||
| Diageo Capital PLC (United Kingdom), 2.38%, 10/24/2029(b) |
5,508,000 | 5,071,638 | ||||||
| Keurig Dr Pepper, Inc. |
||||||||
| 5.05%, 03/15/2029 |
4,129,000 | 4,194,326 | ||||||
| 3.95%, 04/15/2029(b) |
5,510,000 | 5,385,679 | ||||||
| PepsiCo, Inc. |
||||||||
| 7.00%, 03/01/2029 |
2,811,000 | 3,077,055 | ||||||
| 4.50%, 07/17/2029 |
4,684,000 | 4,732,203 | ||||||
|
|
|
|||||||
| 55,452,317 | ||||||||
|
|
|
|||||||
| Biotechnology-2.81% |
||||||||
| AbbVie, Inc. |
||||||||
| 4.80%, 03/15/2029(b) |
13,900,000 | 14,104,748 | ||||||
| 3.20%, 11/21/2029 |
30,254,000 | 28,707,359 | ||||||
| Amgen, Inc. |
||||||||
| 3.00%, 02/22/2029 |
4,132,000 | 3,920,451 | ||||||
| 4.05%, 08/18/2029(b) |
6,900,000 | 6,764,777 | ||||||
| Gilead Sciences, Inc., 4.80%, 11/15/2029 |
4,170,000 | 4,229,590 | ||||||
|
|
|
|||||||
| 57,726,925 | ||||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 Corporate Bond ETF (BSCT)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Broadline Retail-0.81% |
||||||||
| Amazon.com, Inc. |
||||||||
| 3.45%, 04/13/2029 |
$ | 8,312,000 | $ | 8,134,236 | ||||
| 4.65%, 12/01/2029(b) |
8,335,000 | 8,494,760 | ||||||
|
|
|
|||||||
| 16,628,996 | ||||||||
|
|
|
|||||||
| Building Products-0.58% |
||||||||
| CRH SMW Finance DAC, 5.20%, 05/21/2029 |
4,155,000 | 4,234,914 | ||||||
| Fortune Brands Innovations, Inc., 3.25%, 09/15/2029 |
3,881,000 | 3,651,215 | ||||||
| Johnson Controls International PLC/Tyco Fire & Security Finance S.C.A., 5.50%, 04/19/2029 |
3,874,000 | 3,996,756 | ||||||
|
|
|
|||||||
| 11,882,885 | ||||||||
|
|
|
|||||||
| Capital Markets-4.81% |
||||||||
| Ares Capital Corp. |
||||||||
| 5.88%, 03/01/2029(b) |
5,580,000 | 5,656,185 | ||||||
| 5.95%, 07/15/2029(b) |
4,761,000 | 4,847,177 | ||||||
| Bank of New York Mellon Corp. (The), 3.30%, 08/23/2029(b) |
4,130,000 | 3,937,838 | ||||||
| BlackRock, Inc., 3.25%, 04/30/2029(b) |
5,504,000 | 5,322,199 | ||||||
| Blue Owl Capital Corp., 5.95%, 03/15/2029(b) |
5,557,000 | 5,552,519 | ||||||
| Blue Owl Credit Income Corp. |
||||||||
| 7.75%, 01/15/2029 |
3,055,000 | 3,230,727 | ||||||
| 6.60%, 09/15/2029 |
5,017,000 | 5,128,283 | ||||||
| Blue Owl Technology Finance Corp., 6.75%, 04/04/2029 |
3,858,000 | 3,882,713 | ||||||
| Brookfield Finance, Inc. (Canada), 4.85%, 03/29/2029(b) |
5,516,000 | 5,526,400 | ||||||
| Charles Schwab Corp. (The) |
||||||||
| 4.00%, 02/01/2029(b) |
3,305,000 | 3,278,465 | ||||||
| 3.25%, 05/22/2029 |
3,307,000 | 3,174,417 | ||||||
| Deutsche Bank AG (Germany), 5.41%, 05/10/2029 |
5,558,000 | 5,722,500 | ||||||
| FS KKR Capital Corp., 6.88%, 08/15/2029 |
3,341,000 | 3,399,443 | ||||||
| Golub Capital BDC, Inc., 6.00%, 07/15/2029 |
4,153,000 | 4,203,196 | ||||||
| HPS Corporate Lending Fund, 6.75%, 01/30/2029(b) |
3,030,000 | 3,130,648 | ||||||
| Lazard Group LLC, 4.38%, 03/11/2029 |
2,773,000 | 2,716,050 | ||||||
| Marex Group PLC (United Kingdom), 6.40%, 11/04/2029 |
3,309,000 | 3,374,064 | ||||||
| Nomura Holdings, Inc. (Japan) |
||||||||
| 2.71%, 01/22/2029(b) |
2,774,000 | 2,577,676 | ||||||
| 5.61%, 07/06/2029(b) |
3,309,000 | 3,393,779 | ||||||
| Northern Trust Corp., 3.15%, 05/03/2029(b) |
2,757,000 | 2,645,643 | ||||||
| S&P Global, Inc. |
||||||||
| 2.70%, 03/01/2029(b) |
6,805,000 | 6,416,335 | ||||||
| 4.25%, 05/01/2029(b) |
5,105,000 | 5,075,646 | ||||||
| 2.50%, 12/01/2029 |
2,752,000 | 2,541,815 | ||||||
| Sixth Street Lending Partners, 6.50%, 03/11/2029 |
4,155,000 | 4,263,819 | ||||||
|
|
|
|||||||
| 98,997,537 | ||||||||
|
|
|
|||||||
| Chemicals-1.70% |
||||||||
| Air Products and Chemicals, Inc., 4.60%, 02/08/2029 |
4,159,000 | 4,204,511 | ||||||
| Principal Amount |
Value | |||||||
| Chemicals-(continued) |
||||||||
| Celanese US Holdings LLC, 6.58%, 07/15/2029(b) |
$ | 4,137,000 | $ | 4,252,153 | ||||
| Dow Chemical Co. (The), 7.38%, 11/01/2029 |
3,603,000 | 3,962,812 | ||||||
| Eastman Chemical Co., 5.00%, 08/01/2029 |
4,161,000 | 4,181,490 | ||||||
| FMC Corp., 3.45%, 10/01/2029 |
2,771,000 | 2,553,478 | ||||||
| Huntsman International LLC, 4.50%, 05/01/2029 |
4,160,000 | 3,894,193 | ||||||
| Nutrien Ltd. (Canada), 4.20%, 04/01/2029 |
4,135,000 | 4,070,834 | ||||||
| Olin Corp., 5.63%, 08/01/2029(b) |
3,709,000 | 3,633,098 | ||||||
| Sherwin-Williams Co. (The), 2.95%, 08/15/2029 |
4,407,000 | 4,122,665 | ||||||
|
|
|
|||||||
| 34,875,234 | ||||||||
|
|
|
|||||||
| Commercial Services & Supplies-0.51% |
||||||||
| CDW LLC/CDW Finance Corp., 3.25%, 02/15/2029 |
3,884,000 | 3,652,027 | ||||||
| Waste Connections, Inc., 3.50%, 05/01/2029(b) |
2,756,000 | 2,673,087 | ||||||
| Waste Management, Inc., 4.88%, 02/15/2029(b) |
4,161,000 | 4,238,525 | ||||||
|
|
|
|||||||
| 10,563,639 | ||||||||
|
|
|
|||||||
| Communications Equipment-1.03% |
||||||||
| Cisco Systems, Inc., 4.85%, 02/26/2029(b) |
13,899,000 | 14,180,072 | ||||||
| Juniper Networks, Inc., 3.75%, 08/15/2029(b) |
2,754,000 | 2,656,176 | ||||||
| Motorola Solutions, Inc., 4.60%, 05/23/2029(b) |
4,444,000 | 4,436,430 | ||||||
|
|
|
|||||||
| 21,272,678 | ||||||||
|
|
|
|||||||
| Construction & Engineering-0.15% |
||||||||
| MasTec, Inc., 5.90%, 06/15/2029 |
3,037,000 | 3,118,225 | ||||||
|
|
|
|||||||
| Construction Materials-0.27% |
||||||||
| Amcor Group Finance PLC, 5.45%, 05/23/2029 |
2,767,000 | 2,823,793 | ||||||
| Vulcan Materials Co., 4.95%, 12/01/2029 |
2,761,000 | 2,797,254 | ||||||
|
|
|
|||||||
| 5,621,047 | ||||||||
|
|
|
|||||||
| Consumer Finance-1.89% |
||||||||
| American Express Co., 4.05%, 05/03/2029(b) |
5,504,000 | 5,469,729 | ||||||
| General Motors Financial Co., Inc. |
||||||||
| 5.80%, 01/07/2029 |
8,336,000 | 8,516,116 | ||||||
| 5.65%, 01/17/2029 |
2,776,000 | 2,815,267 | ||||||
| 4.30%, 04/06/2029 |
6,112,000 | 5,922,906 | ||||||
| 5.55%, 07/15/2029 |
6,947,000 | 7,024,364 | ||||||
| 4.90%, 10/06/2029(b) |
5,547,000 | 5,470,561 | ||||||
| Synchrony Financial, 5.15%, 03/19/2029 |
3,586,000 | 3,557,751 | ||||||
|
|
|
|||||||
| 38,776,694 | ||||||||
|
|
|
|||||||
| Consumer Staples Distribution & Retail-0.90% |
|
|||||||
| Ahold Finance USA LLC (Netherlands), 6.88%, 05/01/2029 |
2,740,000 | 2,973,218 | ||||||
| Kroger Co. (The), 4.50%, 01/15/2029(b) |
3,337,000 | 3,351,883 | ||||||
| Sysco Corp., 5.75%, 01/17/2029(b) |
2,758,000 | 2,866,502 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 Corporate Bond ETF (BSCT)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Consumer Staples Distribution & Retail-(continued) |
| |||||||
| Target Corp., 3.38%, 04/15/2029 |
$ | 5,504,000 | $ | 5,326,720 | ||||
| Walmart, Inc., 3.25%, 07/08/2029(b) |
4,059,000 | 3,937,695 | ||||||
|
|
|
|||||||
| 18,456,018 | ||||||||
|
|
|
|||||||
| Containers & Packaging-0.49% |
||||||||
| Packaging Corp. of America, 3.00%, 12/15/2029(b) |
2,759,000 | 2,576,912 | ||||||
| Sonoco Products Co., 4.60%, 09/01/2029(b) |
3,303,000 | 3,263,297 | ||||||
| WRKCo, Inc., 4.90%, 03/15/2029 |
4,141,000 | 4,165,964 | ||||||
|
|
|
|||||||
| 10,006,173 | ||||||||
|
|
|
|||||||
| Distributors-0.20% |
||||||||
| Genuine Parts Co., 4.95%, 08/15/2029(b) |
4,155,000 | 4,193,730 | ||||||
|
|
|
|||||||
| Diversified REITs-0.23% |
||||||||
| Digital Realty Trust L.P., 3.60%, 07/01/2029 |
4,952,000 | 4,764,653 | ||||||
|
|
|
|||||||
| Diversified Telecommunication Services-2.12% |
|
|||||||
| AT&T, Inc., 4.35%, 03/01/2029(b) |
16,682,000 | 16,605,191 | ||||||
| Verizon Communications, Inc. |
||||||||
| 3.88%, 02/08/2029(b) |
5,538,000 | 5,430,467 | ||||||
| 4.02%, 12/03/2029 |
22,018,000 | 21,560,292 | ||||||
|
|
|
|||||||
| 43,595,950 | ||||||||
|
|
|
|||||||
| Electric Utilities-5.33% |
||||||||
| AEP Texas, Inc., 5.45%, 05/15/2029(b) |
2,772,000 | 2,839,245 | ||||||
| American Electric Power Co., Inc., 5.20%, 01/15/2029 |
5,580,000 | 5,688,557 | ||||||
| Avangrid, Inc., 3.80%, 06/01/2029 |
4,161,000 | 4,015,876 | ||||||
| Duke Energy Corp. |
||||||||
| 4.85%, 01/05/2029 |
3,615,000 | 3,653,957 | ||||||
| 3.40%, 06/15/2029 |
3,308,000 | 3,161,465 | ||||||
| Duke Energy Florida LLC, 2.50%, 12/01/2029(b) |
3,878,000 | 3,575,323 | ||||||
| Duke Energy Progress LLC, 3.45%, 03/15/2029 |
3,306,000 | 3,199,521 | ||||||
| Edison International |
||||||||
| 5.45%, 06/15/2029 |
2,770,000 | 2,735,448 | ||||||
| 6.95%, 11/15/2029(b) |
3,052,000 | 3,167,948 | ||||||
| Evergy, Inc., 2.90%, 09/15/2029 |
4,448,000 | 4,145,387 | ||||||
| Eversource Energy |
||||||||
| 5.95%, 02/01/2029 |
4,434,000 | 4,608,492 | ||||||
| Series O, 4.25%, 04/01/2029 |
2,750,000 | 2,707,126 | ||||||
| Exelon Corp., 5.15%, 03/15/2029(b) |
3,587,000 | 3,655,156 | ||||||
| Florida Power & Light Co., 5.15%, 06/15/2029 |
4,159,000 | 4,289,387 | ||||||
| MidAmerican Energy Co., 3.65%, 04/15/2029(b) |
4,686,000 | 4,571,515 | ||||||
| National Rural Utilities Cooperative |
||||||||
| Finance Corp., 4.85%, 02/07/2029 |
2,772,000 | 2,802,368 | ||||||
| Nevada Power Co., Series CC, 3.70%, 05/01/2029 |
2,751,000 | 2,680,115 | ||||||
| NextEra Energy Capital Holdings, Inc. |
||||||||
| 4.90%, 03/15/2029 |
5,006,000 | 5,057,983 | ||||||
| 3.50%, 04/01/2029 |
2,711,000 | 2,611,216 | ||||||
| 2.75%, 11/01/2029 |
5,515,000 | 5,105,916 | ||||||
| Oncor Electric Delivery Co. LLC, 4.65%, 11/01/2029 |
3,053,000 | 3,070,995 | ||||||
| Pacific Gas and Electric Co. |
||||||||
| 6.10%, 01/15/2029 |
4,707,000 | 4,864,501 | ||||||
| 5.55%, 05/15/2029 |
4,685,000 | 4,746,960 | ||||||
| Principal Amount |
Value | |||||||
| Electric Utilities-(continued) |
||||||||
| PacifiCorp, 5.10%, 02/15/2029 |
$ | 2,761,000 | $ | 2,801,679 | ||||
| Southern California Edison Co. |
||||||||
| 5.15%, 06/01/2029 |
3,314,000 | 3,336,534 | ||||||
| Series A, 4.20%, 03/01/2029 |
2,776,000 | 2,704,478 | ||||||
| Southern Co. (The), 5.50%, 03/15/2029 |
5,562,000 | 5,763,309 | ||||||
| Tampa Electric Co., 4.90%, 03/01/2029 |
2,775,000 | 2,821,827 | ||||||
| Virginia Electric & Power Co., Series A, 2.88%, 07/15/2029 |
2,772,000 | 2,610,183 | ||||||
| Xcel Energy, Inc., 2.60%, 12/01/2029(b) |
2,750,000 | 2,517,633 | ||||||
|
|
|
|||||||
| 109,510,100 | ||||||||
|
|
|
|||||||
| Electronic Equipment, Instruments & Components-0.40% |
|
|||||||
| Amphenol Corp., 4.35%, 06/01/2029 |
2,773,000 | 2,768,466 | ||||||
| Arrow Electronics, Inc., 5.15%, 08/21/2029(b) |
2,760,000 | 2,789,747 | ||||||
| Keysight Technologies, Inc., 3.00%, 10/30/2029 |
2,771,000 | 2,578,688 | ||||||
|
|
|
|||||||
| 8,136,901 | ||||||||
|
|
|
|||||||
| Energy Equipment & Services-0.26% |
||||||||
| Baker Hughes Holdings LLC/Baker Hughes Co-Obligor, Inc., 3.14%, 11/07/2029 |
2,887,000 | 2,718,799 | ||||||
| NOV, Inc., 3.60%, 12/01/2029(b) |
2,749,000 | 2,614,650 | ||||||
|
|
|
|||||||
| 5,333,449 | ||||||||
|
|
|
|||||||
| Entertainment-1.10% |
||||||||
| Netflix, Inc., 6.38%, 05/15/2029 |
4,479,000 | 4,796,584 | ||||||
| Walt Disney Co. (The), 2.00%, 09/01/2029 |
11,118,000 | 10,141,740 | ||||||
| WarnerMedia Holdings, Inc., 4.05%, 03/15/2029(b) |
8,320,000 | 7,749,243 | ||||||
|
|
|
|||||||
| 22,687,567 | ||||||||
|
|
|
|||||||
| Financial Services-4.10% |
||||||||
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland) |
||||||||
| 5.10%, 01/19/2029 |
4,464,000 | 4,507,826 | ||||||
| 4.63%, 09/10/2029(b) |
7,223,000 | 7,169,996 | ||||||
| Apollo Debt Solutions BDC, 6.90%, 04/13/2029(b) |
5,531,000 | 5,735,100 | ||||||
| BlackRock Funding, Inc., 4.70%, 03/14/2029 |
2,760,000 | 2,804,685 | ||||||
| Blackstone Private Credit Fund, 4.00%, 01/15/2029(b) |
3,561,000 | 3,383,898 | ||||||
| Corebridge Financial, Inc., 3.85%, 04/05/2029 |
5,504,000 | 5,342,977 | ||||||
| Enact Holdings, Inc., 6.25%, 05/28/2029 |
4,135,000 | 4,248,053 | ||||||
| Fidelity National Information Services, Inc., 3.75%, 05/21/2029 |
2,576,000 | 2,486,063 | ||||||
| Fiserv, Inc., 3.50%, 07/01/2029 |
16,675,000 | 15,902,030 | ||||||
| Global Payments, Inc., 5.30%, 08/15/2029 |
2,756,000 | 2,780,707 | ||||||
| Mastercard, Inc., 2.95%, 06/01/2029 |
5,507,000 | 5,253,543 | ||||||
| ORIX Corp. (Japan), 4.65%, 09/10/2029 |
3,861,000 | 3,851,762 | ||||||
| PayPal Holdings, Inc., 2.85%, 10/01/2029 |
8,278,000 | 7,743,586 | ||||||
| Radian Group, Inc., 6.20%, 05/15/2029(b) |
3,445,000 | 3,548,017 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 Corporate Bond ETF (BSCT)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Financial Services-(continued) |
|
|||||||
| RELX Capital, Inc. (United Kingdom), 4.00%, 03/18/2029 |
$ | 5,232,000 | $ | 5,164,538 | ||||
| State Street Bank and Trust Co., 4.78%, 11/23/2029(b) |
4,430,000 | 4,484,964 | ||||||
|
|
|
|||||||
| 84,407,745 | ||||||||
|
|
|
|||||||
| Food Products-1.11% |
||||||||
| Bunge Ltd. Finance Corp., 4.20%, 09/17/2029(b) |
4,479,000 | 4,421,702 | ||||||
| JBS USA Holding Lux S.a.r.l./JBS USA Food Co./JBS Lux Co. S.a.r.l., 3.00%, 02/02/2029 |
3,307,000 | 3,112,769 | ||||||
| Mondelez International, Inc., 4.75%, 02/20/2029(b) |
3,060,000 | 3,098,307 | ||||||
| The Campbell’s Company, 5.20%, 03/21/2029(b) |
3,280,000 | 3,338,822 | ||||||
| Tyson Foods, Inc. |
||||||||
| 4.35%, 03/01/2029 |
5,560,000 | 5,500,934 | ||||||
| 5.40%, 03/15/2029 |
3,336,000 | 3,424,908 | ||||||
|
|
|
|||||||
| 22,897,442 | ||||||||
|
|
|
|||||||
| Gas Utilities-0.15% |
||||||||
| Piedmont Natural Gas Co., Inc., 3.50%, 06/01/2029(b) |
3,304,000 | 3,168,780 | ||||||
|
|
|
|||||||
| Ground Transportation-0.61% |
||||||||
| CSX Corp., 4.25%, 03/15/2029 |
5,228,000 | 5,194,039 | ||||||
| Ryder System, Inc., 5.38%, 03/15/2029 |
3,046,000 | 3,116,007 | ||||||
| Union Pacific Corp., 3.70%, 03/01/2029(b) |
4,261,000 | 4,178,435 | ||||||
|
|
|
|||||||
| 12,488,481 | ||||||||
|
|
|
|||||||
| Health Care Equipment & Supplies-1.41% |
||||||||
| Becton, Dickinson and Co. |
||||||||
| 4.87%, 02/08/2029 |
3,419,000 | 3,441,256 | ||||||
| 5.08%, 06/07/2029 |
3,282,000 | 3,330,365 | ||||||
| DH Europe Finance II S.a.r.l., 2.60%, 11/15/2029(b) |
4,405,000 | 4,081,934 | ||||||
| GE HealthCare Technologies, Inc., 4.80%, 08/14/2029(b) |
5,559,000 | 5,590,647 | ||||||
| Solventum Corp., 5.40%, 03/01/2029 |
8,254,000 | 8,424,794 | ||||||
| Stryker Corp., 4.25%, 09/11/2029 |
4,134,000 | 4,105,179 | ||||||
|
|
|
|||||||
| 28,974,175 | ||||||||
|
|
|
|||||||
| Health Care Providers & Services-5.40% |
||||||||
| Cardinal Health, Inc. |
||||||||
| 5.13%, 02/15/2029(b) |
3,605,000 | 3,673,590 | ||||||
| 5.00%, 11/15/2029 |
4,170,000 | 4,218,889 | ||||||
| Cencora, Inc., 4.85%, 12/15/2029(b) |
3,283,000 | 3,309,409 | ||||||
| Centene Corp., 4.63%, 12/15/2029 |
18,248,000 | 17,584,247 | ||||||
| Cigna Group (The), 5.00%, 05/15/2029(b) |
5,506,000 | 5,590,914 | ||||||
| CommonSpirit Health, 3.35%, 10/01/2029 |
4,888,000 | 4,618,960 | ||||||
| CVS Health Corp. |
||||||||
| 5.00%, 01/30/2029 |
5,528,000 | 5,566,507 | ||||||
| 5.40%, 06/01/2029(b) |
5,543,000 | 5,653,890 | ||||||
| Elevance Health, Inc. |
||||||||
| 5.15%, 06/15/2029 |
3,314,000 | 3,378,349 | ||||||
| 2.88%, 09/15/2029 |
4,568,000 | 4,259,125 | ||||||
| Principal Amount |
Value | |||||||
| Health Care Providers & Services-(continued) |
|
|||||||
| HCA, Inc. |
||||||||
| 5.88%, 02/01/2029(b) |
$ | 5,532,000 | $ | 5,711,093 | ||||
| 3.38%, 03/15/2029 |
2,733,000 | 2,600,079 | ||||||
| 4.13%, 06/15/2029 |
11,163,000 | 10,871,827 | ||||||
| Humana, Inc., 3.70%, 03/23/2029 |
3,272,000 | 3,143,880 | ||||||
| Icon Investments Six DAC, 5.85%, 05/08/2029 |
4,108,000 | 4,210,862 | ||||||
| Laboratory Corp. of America Holdings, 2.95%, 12/01/2029(b) |
3,581,000 | 3,328,534 | ||||||
| McKesson Corp., 4.25%, 09/15/2029 |
2,742,000 | 2,721,283 | ||||||
| Quest Diagnostics, Inc. |
||||||||
| 4.20%, 06/30/2029 |
2,753,000 | 2,722,193 | ||||||
| 4.63%, 12/15/2029 |
3,306,000 | 3,312,960 | ||||||
| UnitedHealth Group, Inc. |
||||||||
| 4.25%, 01/15/2029(b) |
6,975,000 | 6,893,955 | ||||||
| 4.00%, 05/15/2029 |
5,035,000 | 4,920,357 | ||||||
| Universal Health Services, Inc., 4.63%, 10/15/2029(b) |
2,758,000 | 2,703,613 | ||||||
|
|
|
|||||||
| 110,994,516 | ||||||||
|
|
|
|||||||
| Health Care REITs-0.76% |
||||||||
| Healthpeak OP LLC, 3.50%, 07/15/2029. |
3,606,000 | 3,439,803 | ||||||
| Omega Healthcare Investors, Inc., 3.63%, 10/01/2029(b) |
2,776,000 | 2,615,300 | ||||||
| Ventas Realty L.P., 4.40%, 01/15/2029 |
4,141,000 | 4,100,131 | ||||||
| Welltower OP LLC |
||||||||
| 2.05%, 01/15/2029 |
2,753,000 | 2,528,594 | ||||||
| 4.13%, 03/15/2029(b) |
3,048,000 | 3,011,412 | ||||||
|
|
|
|||||||
| 15,695,240 | ||||||||
|
|
|
|||||||
| Hotels, Restaurants & Leisure-1.05% |
||||||||
| Hyatt Hotels Corp., 5.25%, 06/30/2029 |
3,335,000 | 3,361,593 | ||||||
| Las Vegas Sands Corp., 6.00%, 08/15/2029 |
2,772,000 | 2,816,628 | ||||||
| Marriott International, Inc. |
||||||||
| 4.90%, 04/15/2029 |
4,448,000 | 4,489,330 | ||||||
| 4.88%, 05/15/2029(b) |
2,758,000 | 2,780,090 | ||||||
| McDonald’s Corp., 5.00%, 05/17/2029 |
2,787,000 | 2,848,329 | ||||||
| Starbucks Corp., 3.55%, 08/15/2029 |
5,543,000 | 5,347,707 | ||||||
|
|
|
|||||||
| 21,643,677 | ||||||||
|
|
|
|||||||
| Household Durables-0.13% |
||||||||
| Leggett & Platt, Inc., 4.40%, 03/15/2029(b) |
2,768,000 | 2,655,379 | ||||||
|
|
|
|||||||
| Household Products-0.61% |
||||||||
| Clorox Co. (The), 4.40%, 05/01/2029 |
2,740,000 | 2,740,432 | ||||||
| Kimberly-Clark Corp., 3.20%, 04/25/2029 |
3,833,000 | 3,698,116 | ||||||
| Procter & Gamble Co. (The) |
||||||||
| 4.35%, 01/29/2029 |
3,282,000 | 3,317,119 | ||||||
| 4.15%, 10/24/2029(b) |
2,781,000 | 2,788,961 | ||||||
|
|
|
|||||||
| 12,544,628 | ||||||||
|
|
|
|||||||
| Industrial Conglomerates-0.80% |
||||||||
| 3M Co. |
||||||||
| 3.38%, 03/01/2029(b) |
4,430,000 | 4,260,269 | ||||||
| 2.38%, 08/26/2029(b) |
5,545,000 | 5,105,294 | ||||||
| Honeywell International, Inc. |
||||||||
| 4.25%, 01/15/2029(b) |
4,181,000 | 4,164,108 | ||||||
| 4.88%, 09/01/2029 |
2,761,000 | 2,813,185 | ||||||
|
|
|
|||||||
| 16,342,856 | ||||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 Corporate Bond ETF (BSCT)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Insurance-2.70% |
||||||||
| Allstate Corp. (The), 5.05%, 06/24/2029 |
$ | 2,773,000 | $ | 2,833,731 | ||||
| American National Group, Inc., 5.75%, 10/01/2029 |
3,312,000 | 3,370,281 | ||||||
| Aon Corp., 3.75%, 05/02/2029 |
4,154,000 | 4,037,168 | ||||||
| Aon North America, Inc., 5.15%, 03/01/2029 |
5,558,000 | 5,671,334 | ||||||
| Arthur J. Gallagher & Co., 4.85%, 12/15/2029 |
4,137,000 | 4,171,796 | ||||||
| Chubb INA Holdings LLC, 4.65%, 08/15/2029 |
3,863,000 | 3,903,149 | ||||||
| CNA Financial Corp., 3.90%, 05/01/2029 |
2,753,000 | 2,676,584 | ||||||
| CNO Financial Group, Inc., 5.25%, 05/30/2029 |
2,760,000 | 2,755,864 | ||||||
| F&G Annuities & Life, Inc., 6.50%, 06/04/2029 |
3,075,000 | 3,145,067 | ||||||
| Hartford Financial Services Group, Inc. (The), 2.80%, 08/19/2029 |
3,303,000 | 3,079,515 | ||||||
| Marsh & McLennan Cos., Inc., 4.38%, 03/15/2029 |
8,338,000 | 8,337,340 | ||||||
| PartnerRe Finance B LLC, 3.70%, 07/02/2029 |
2,756,000 | 2,647,263 | ||||||
| Principal Financial Group, Inc., 3.70%, 05/15/2029 |
2,770,000 | 2,681,407 | ||||||
| Progressive Corp. (The), 4.00%, 03/01/2029 |
3,028,000 | 2,990,228 | ||||||
| Reinsurance Group of America, Inc., 3.90%, 05/15/2029(b) |
3,307,000 | 3,223,932 | ||||||
|
|
|
|||||||
| 55,524,659 | ||||||||
|
|
|
|||||||
| Interactive Media & Services-0.27% |
||||||||
| Meta Platforms, Inc., 4.30%, 08/15/2029 |
5,560,000 | 5,583,488 | ||||||
|
|
|
|||||||
| IT Services-0.85% |
||||||||
| International Business Machines Corp., 3.50%, 05/15/2029 |
18,110,000 | 17,472,932 | ||||||
|
|
|
|||||||
| Leisure Products-0.37% |
||||||||
| Hasbro, Inc., 3.90%, 11/19/2029 |
5,044,000 | 4,809,494 | ||||||
| Polaris, Inc., 6.95%, 03/15/2029(b) |
2,756,000 | 2,861,222 | ||||||
|
|
|
|||||||
| 7,670,716 | ||||||||
|
|
|
|||||||
| Life Sciences Tools & Services-1.06% |
||||||||
| IQVIA, Inc., 6.25%, 02/01/2029 |
6,946,000 | 7,200,995 | ||||||
| Revvity, Inc., 3.30%, 09/15/2029 |
4,649,000 | 4,372,089 | ||||||
| Thermo Fisher Scientific, Inc. |
||||||||
| 5.00%, 01/31/2029 |
5,509,000 | 5,637,138 | ||||||
| 2.60%, 10/01/2029(b) |
4,925,000 | 4,580,796 | ||||||
|
|
|
|||||||
| 21,791,018 | ||||||||
|
|
|
|||||||
| Machinery-3.32% |
||||||||
| Caterpillar Financial Services Corp. |
||||||||
| 4.85%, 02/27/2029(b) |
3,310,000 | 3,369,441 | ||||||
| 4.38%, 08/16/2029(b) |
3,329,000 | 3,330,438 | ||||||
| 4.70%, 11/15/2029(b) |
5,005,000 | 5,074,046 | ||||||
| Caterpillar, Inc., 2.60%, 09/19/2029 |
2,755,000 | 2,570,999 | ||||||
| CNH Industrial Capital LLC |
||||||||
| 5.50%, 01/12/2029 |
2,754,000 | 2,825,858 | ||||||
| 5.10%, 04/20/2029(b) |
3,307,000 | 3,349,711 | ||||||
| Cummins, Inc., 4.90%, 02/20/2029 |
2,759,000 | 2,816,658 | ||||||
| Deere & Co., 5.38%, 10/16/2029(b) |
2,772,000 | 2,896,847 | ||||||
| IDEX Corp., 4.95%, 09/01/2029 |
2,758,000 | 2,778,163 | ||||||
| Principal Amount |
Value | |||||||
| Machinery-(continued) |
||||||||
| Ingersoll Rand, Inc., 5.18%, 06/15/2029(b) |
$ | 4,137,000 | $ | 4,219,163 | ||||
| John Deere Capital Corp. |
||||||||
| 4.50%, 01/16/2029 |
5,562,000 | 5,601,579 | ||||||
| 3.45%, 03/07/2029(b) |
3,326,000 | 3,225,227 | ||||||
| 3.35%, 04/18/2029 |
3,301,000 | 3,193,415 | ||||||
| 4.85%, 06/11/2029(b) |
4,704,000 | 4,795,450 | ||||||
| Nordson Corp., 4.50%, 12/15/2029(b) |
3,328,000 | 3,289,915 | ||||||
| Parker-Hannifin Corp. |
||||||||
| 3.25%, 06/14/2029 |
5,547,000 | 5,310,303 | ||||||
| 4.50%, 09/15/2029 |
5,544,000 | 5,568,987 | ||||||
| Trane Technologies Financing Ltd., 3.80%, 03/21/2029 |
4,134,000 | 4,063,076 | ||||||
|
|
|
|||||||
| 68,279,276 | ||||||||
|
|
|
|||||||
| Media-1.87% |
||||||||
| Charter Communications Operating LLC/ Charter Communications Operating Capital Corp. |
||||||||
| 2.25%, 01/15/2029(b) |
6,916,000 | 6,325,051 | ||||||
| 5.05%, 03/30/2029(b) |
6,982,000 | 7,015,899 | ||||||
| 6.10%, 06/01/2029 |
8,340,000 | 8,684,355 | ||||||
| Comcast Corp. |
||||||||
| 4.55%, 01/15/2029(b) |
5,560,000 | 5,598,435 | ||||||
| 5.10%, 06/01/2029 |
4,169,000 | 4,277,905 | ||||||
| Discovery Communications LLC, 4.13%, 05/15/2029(b) |
4,159,000 | 3,873,395 | ||||||
| Paramount Global, 4.20%, 06/01/2029(b) |
2,776,000 | 2,683,564 | ||||||
|
|
|
|||||||
| 38,458,604 | ||||||||
|
|
|
|||||||
| Metals & Mining-0.13% |
||||||||
| ArcelorMittal S.A. (Luxembourg), 4.25%, 07/16/2029(b) |
2,753,000 | 2,687,719 | ||||||
|
|
|
|||||||
| Multi-Utilities-1.63% |
||||||||
| Ameren Corp., 5.00%, 01/15/2029 |
3,862,000 | 3,907,268 | ||||||
| CenterPoint Energy, Inc., 5.40%, 06/01/2029(b) |
3,856,000 | 3,965,272 | ||||||
| Consumers Energy Co. |
||||||||
| 4.90%, 02/15/2029(b) |
2,759,000 | 2,803,403 | ||||||
| 4.60%, 05/30/2029 |
3,312,000 | 3,334,546 | ||||||
| DTE Energy Co. |
||||||||
| 5.10%, 03/01/2029 |
6,672,000 | 6,766,327 | ||||||
| Series C, 3.40%, 06/15/2029 |
2,634,000 | 2,505,355 | ||||||
| NiSource, Inc., 5.20%, 07/01/2029 |
3,330,000 | 3,393,857 | ||||||
| Public Service Enterprise Group, Inc., 5.20%, 04/01/2029 |
4,162,000 | 4,255,958 | ||||||
| Sempra, 3.70%, 04/01/2029 |
2,756,000 | 2,663,197 | ||||||
|
|
|
|||||||
| 33,595,183 | ||||||||
|
|
|
|||||||
| Office REITs-0.21% |
||||||||
| Boston Properties L.P., 3.40%, 06/21/2029 |
4,689,000 | 4,401,086 | ||||||
|
|
|
|||||||
| Oil, Gas & Consumable Fuels-7.35% |
||||||||
| Boardwalk Pipelines L.P., 4.80%, 05/03/2029 |
2,768,000 | 2,780,472 | ||||||
| BP Capital Markets America, Inc. |
||||||||
| 4.70%, 04/10/2029(b) |
6,953,000 | 7,025,594 | ||||||
| 4.97%, 10/17/2029(b) |
4,136,000 | 4,219,961 | ||||||
| 4.87%, 11/25/2029 |
3,602,000 | 3,652,094 | ||||||
| Cheniere Energy Partners L.P., 4.50%, 10/01/2029 |
8,343,000 | 8,171,609 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 Corporate Bond ETF (BSCT)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Oil, Gas & Consumable Fuels-(continued) |
| |||||||
| Chevron USA, Inc., 3.25%, 10/15/2029 |
$ | 2,752,000 | $ | 2,642,193 | ||||
| ConocoPhillips Co., 6.95%, 04/15/2029 |
3,887,000 | 4,214,951 | ||||||
| DCP Midstream Operating L.P., 5.13%, 05/15/2029 |
3,305,000 | 3,335,081 | ||||||
| Diamondback Energy, Inc., 3.50%, 12/01/2029 |
5,106,000 | 4,830,741 | ||||||
| Enbridge, Inc. (Canada) |
||||||||
| 5.30%, 04/05/2029(b) |
4,168,000 | 4,261,319 | ||||||
| 3.13%, 11/15/2029(b) |
5,563,000 | 5,195,154 | ||||||
| Energy Transfer L.P. |
||||||||
| 5.25%, 04/15/2029 |
8,336,000 | 8,465,692 | ||||||
| 5.25%, 07/01/2029(b) |
5,563,000 | 5,655,685 | ||||||
| 4.15%, 09/15/2029 |
3,016,000 | 2,939,835 | ||||||
| Enterprise Products Operating LLC, 3.13%, 07/31/2029 |
6,946,000 | 6,594,910 | ||||||
| Expand Energy Corp., 5.38%, 02/01/2029(b) |
3,862,000 | 3,851,953 | ||||||
| Exxon Mobil Corp., 2.44%, 08/16/2029(b) |
6,954,000 | 6,501,551 | ||||||
| Kinder Morgan, Inc. |
||||||||
| 5.00%, 02/01/2029 |
6,951,000 | 7,030,918 | ||||||
| 5.10%, 08/01/2029 |
2,781,000 | 2,821,310 | ||||||
| MPLX L.P., 4.80%, 02/15/2029 |
4,153,000 | 4,168,041 | ||||||
| Occidental Petroleum Corp., 5.20%, 08/01/2029 |
6,672,000 | 6,631,835 | ||||||
| ONEOK, Inc. |
||||||||
| 4.35%, 03/15/2029 |
3,879,000 | 3,815,880 | ||||||
| 4.40%, 10/15/2029(b) |
3,303,000 | 3,251,426 | ||||||
| Phillips 66 Co., 3.15%, 12/15/2029 |
3,124,000 | 2,933,587 | ||||||
| Shell Finance US, Inc., 2.38%, 11/07/2029(b) |
5,976,000 | 5,514,415 | ||||||
| Shell International Finance B.V., 2.38%, 11/07/2029(b) |
2,341,000 | 2,176,937 | ||||||
| Targa Resources Corp., 6.15%, 03/01/2029 |
5,556,000 | 5,801,145 | ||||||
| Targa Resources Partners L.P./Targa Resources Partners Finance Corp., 6.88%, 01/15/2029(b) |
3,767,000 | 3,839,726 | ||||||
| TotalEnergies Capital International S.A. (France), 3.46%, 02/19/2029 |
6,954,000 | 6,763,125 | ||||||
| Valero Energy Corp., 4.00%, 04/01/2029(b) |
2,417,000 | 2,361,700 | ||||||
| Western Midstream Operating L.P., 6.35%, 01/15/2029 |
3,327,000 | 3,455,484 | ||||||
| Williams Cos., Inc. (The), 4.90%, 03/15/2029(b) |
6,117,000 | 6,170,562 | ||||||
|
|
|
|||||||
| 151,074,886 | ||||||||
|
|
|
|||||||
| Paper & Forest Products-0.15% |
||||||||
| Georgia-Pacific LLC, 7.75%, 11/15/2029 |
2,758,000 | 3,110,605 | ||||||
|
|
|
|||||||
| Passenger Airlines-0.12% |
||||||||
| Delta Air Lines, Inc., 3.75%, 10/28/2029(b) |
2,615,000 | 2,459,224 | ||||||
|
|
|
|||||||
| Personal Care Products-0.37% |
||||||||
| Estee Lauder Cos., Inc. (The), 2.38%, 12/01/2029(b) |
3,584,000 | 3,278,119 | ||||||
| Unilever Capital Corp. (United Kingdom), 2.13%, 09/06/2029 |
4,649,000 | 4,256,722 | ||||||
|
|
|
|||||||
| 7,534,841 | ||||||||
|
|
|
|||||||
| Principal Amount |
Value | |||||||
| Pharmaceuticals-4.02% |
||||||||
| AstraZeneca Finance LLC (United Kingdom), 4.85%, 02/26/2029 |
$ | 6,902,000 | $ | 7,020,162 | ||||
| AstraZeneca PLC (United Kingdom), 4.00%, 01/17/2029 |
5,556,000 | 5,509,840 | ||||||
| Bristol-Myers Squibb Co., 4.90%, 02/22/2029 |
9,726,000 | 9,910,564 | ||||||
| Eli Lilly and Co. |
||||||||
| 4.50%, 02/09/2029(b) |
5,517,000 | 5,561,114 | ||||||
| 3.38%, 03/15/2029 |
5,094,000 | 4,954,411 | ||||||
| 4.20%, 08/14/2029 |
5,562,000 | 5,554,847 | ||||||
| GlaxoSmithKline Capital PLC (United Kingdom), 3.38%, 06/01/2029 |
5,508,000 | 5,310,064 | ||||||
| Haleon US Capital LLC, 3.38%, 03/24/2029(b) |
5,503,000 | 5,285,103 | ||||||
| Johnson & Johnson, 4.80%, 06/01/2029 |
6,395,000 | 6,548,027 | ||||||
| Merck & Co., Inc., 3.40%, 03/07/2029 |
9,732,000 | 9,428,959 | ||||||
| Novartis Capital Corp., 3.80%, 09/18/2029(b) |
5,474,000 | 5,385,964 | ||||||
| Pfizer, Inc., 3.45%, 03/15/2029(b) |
9,731,000 | 9,464,695 | ||||||
| Royalty Pharma PLC, 5.15%, 09/02/2029(b) |
2,734,000 | 2,765,314 | ||||||
|
|
|
|||||||
| 82,699,064 | ||||||||
|
|
|
|||||||
| Professional Services-0.36% |
||||||||
| Broadridge Financial Solutions, Inc., 2.90%, 12/01/2029 |
4,134,000 | 3,825,230 | ||||||
| Equifax, Inc., 4.80%, 09/15/2029 |
3,608,000 | 3,602,146 | ||||||
|
|
|
|||||||
| 7,427,376 | ||||||||
|
|
|
|||||||
| Real Estate Management & Development-0.14% |
|
|||||||
| CBRE Services, Inc., 5.50%, 04/01/2029(b) |
2,758,000 | 2,834,883 | ||||||
|
|
|
|||||||
| Residential REITs-0.44% |
||||||||
| Camden Property Trust, 3.15%, 07/01/2029 |
3,302,000 | 3,130,788 | ||||||
| ERP Operating L.P., 3.00%, 07/01/2029 |
3,322,000 | 3,138,728 | ||||||
| Essex Portfolio L.P., 4.00%, 03/01/2029 |
2,773,000 | 2,706,286 | ||||||
|
|
|
|||||||
| 8,975,802 | ||||||||
|
|
|
|||||||
| Retail REITs-0.59% |
||||||||
| Realty Income Corp. |
||||||||
| 3.25%, 06/15/2029 |
2,736,000 | 2,601,858 | ||||||
| 3.10%, 12/15/2029(b) |
3,286,000 | 3,077,605 | ||||||
| Simon Property Group L.P., 2.45%, 09/13/2029 |
6,945,000 | 6,390,018 | ||||||
|
|
|
|||||||
| 12,069,481 | ||||||||
|
|
|
|||||||
| Semiconductors & Semiconductor Equipment-3.54% |
| |||||||
| Applied Materials, Inc., 4.80%, 06/15/2029 |
3,861,000 | 3,938,694 | ||||||
| Broadcom, Inc., 5.05%, 07/12/2029(b) |
12,516,000 | 12,742,900 | ||||||
| Intel Corp. |
||||||||
| 4.00%, 08/05/2029 |
4,711,000 | 4,569,163 | ||||||
| 2.45%, 11/15/2029 |
11,116,000 | 10,057,894 | ||||||
| KLA Corp., 4.10%, 03/15/2029(b) |
4,435,000 | 4,402,220 | ||||||
| Lam Research Corp., 4.00%, 03/15/2029(b) |
5,512,000 | 5,436,231 | ||||||
| Marvell Technology, Inc., 5.75%, 02/15/2029(b) |
2,769,000 | 2,865,514 | ||||||
| Microchip Technology, Inc., 5.05%, 03/15/2029(b) |
5,512,000 | 5,548,362 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 Corporate Bond ETF (BSCT)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Semiconductors & Semiconductor Equipment-(continued) |
| |||||||
| Micron Technology, Inc. |
|
|||||||
| 5.33%, 02/06/2029 |
$ | 3,880,000 | $ | 3,938,305 | ||||
| 6.75%, 11/01/2029 |
6,898,000 | 7,377,371 | ||||||
| Qorvo, Inc., 4.38%, 10/15/2029 |
4,717,000 | 4,530,522 | ||||||
| Texas Instruments, Inc. |
||||||||
| 4.60%, 02/08/2029(b) |
3,601,000 | 3,642,037 | ||||||
| 2.25%, 09/04/2029(b) |
4,161,000 | 3,830,810 | ||||||
|
|
|
|||||||
| 72,880,023 | ||||||||
|
|
|
|||||||
| Software-2.65% |
||||||||
| Accenture Capital, Inc., 4.05%, 10/04/2029 |
6,667,000 | 6,584,972 | ||||||
| Adobe, Inc., 4.80%, 04/04/2029(b) |
4,138,000 | 4,225,338 | ||||||
| AppLovin Corp., 5.13%, 12/01/2029 |
5,520,000 | 5,558,800 | ||||||
| Atlassian Corp., 5.25%, 05/15/2029(b) |
2,762,000 | 2,818,229 | ||||||
| Cadence Design Systems, Inc., 4.30%, 09/10/2029(b) |
5,542,000 | 5,506,040 | ||||||
| CrowdStrike Holdings, Inc., 3.00%, 02/15/2029(b) |
4,154,000 | 3,890,884 | ||||||
| Oracle Corp. |
||||||||
| 4.20%, 09/27/2029 |
8,339,000 | 8,216,190 | ||||||
| 6.15%, 11/09/2029 |
6,953,000 | 7,381,332 | ||||||
| Roper Technologies, Inc. |
||||||||
| 2.95%, 09/15/2029 |
3,852,000 | 3,604,486 | ||||||
| 4.50%, 10/15/2029(b) |
2,754,000 | 2,740,886 | ||||||
| Workday, Inc., 3.70%, 04/01/2029(b) |
4,133,000 | 4,004,692 | ||||||
|
|
|
|||||||
| 54,531,849 | ||||||||
|
|
|
|||||||
| Specialized REITs-1.95% |
||||||||
| American Tower Corp. |
||||||||
| 5.20%, 02/15/2029(b) |
3,589,000 | 3,654,592 | ||||||
| 3.95%, 03/15/2029 |
3,306,000 | 3,218,321 | ||||||
| 3.80%, 08/15/2029 |
9,173,000 | 8,856,267 | ||||||
| Crown Castle, Inc. |
||||||||
| 4.30%, 02/15/2029 |
3,322,000 | 3,260,909 | ||||||
| 5.60%, 06/01/2029 |
4,140,000 | 4,255,276 | ||||||
| 4.90%, 09/01/2029 |
3,050,000 | 3,058,536 | ||||||
| GLP Capital L.P./GLP Financing II, Inc., 5.30%, 01/15/2029 |
4,132,000 | 4,142,640 | ||||||
| Public Storage Operating Co. |
||||||||
| 5.13%, 01/15/2029(b) |
2,761,000 | 2,834,746 | ||||||
| 3.39%, 05/01/2029(b) |
2,768,000 | 2,670,083 | ||||||
| Weyerhaeuser Co., 4.00%, 11/15/2029 |
4,159,000 | 4,051,433 | ||||||
|
|
|
|||||||
| 40,002,803 | ||||||||
|
|
|
|||||||
| Specialty Retail-2.17% |
||||||||
| AutoZone, Inc., 5.10%, 07/15/2029(b) |
3,335,000 | 3,400,270 | ||||||
| Dell International LLC/EMC Corp., 5.30%, 10/01/2029 |
9,704,000 | 9,904,745 | ||||||
| Home Depot, Inc. (The) |
||||||||
| 4.90%, 04/15/2029 |
4,170,000 | 4,263,452 | ||||||
| 2.95%, 06/15/2029 |
9,731,000 | 9,253,350 | ||||||
| 4.75%, 06/25/2029(b) |
6,954,000 | 7,062,321 | ||||||
| Lowe’s Cos., Inc., 3.65%, 04/05/2029(b) . |
8,279,000 | 8,032,992 | ||||||
| O’Reilly Automotive, Inc., 3.90%, 06/01/2029 |
2,771,000 | 2,704,258 | ||||||
|
|
|
|||||||
| 44,621,388 | ||||||||
|
|
|
|||||||
| Technology Hardware, Storage & Peripherals-1.69% |
| |||||||
| Apple, Inc. |
|
|||||||
| 3.25%, 08/08/2029(b) |
5,555,000 | 5,368,575 | ||||||
| 2.20%, 09/11/2029(b) |
9,733,000 | 8,985,639 | ||||||
| Principal Amount |
Value | |||||||
| Technology Hardware, Storage & Peripherals-(continued) |
| |||||||
| Hewlett Packard Enterprise Co., 4.55%, 10/15/2029 |
$ | 9,700,000 | $ | 9,621,350 | ||||
| HP, Inc., 4.00%, 04/15/2029 |
5,557,000 | 5,385,626 | ||||||
| IBM International Capital Pte. Ltd., 4.60%, 02/05/2029 |
2,760,000 | 2,769,759 | ||||||
| Western Digital Corp., 2.85%, 02/01/2029 |
2,751,000 | 2,516,347 | ||||||
|
|
|
|||||||
| 34,647,296 | ||||||||
|
|
|
|||||||
| Tobacco-1.67% |
||||||||
| Altria Group, Inc., 4.80%, 02/14/2029(b) |
10,643,000 | 10,684,457 | ||||||
| B.A.T. Capital Corp. (United Kingdom), 3.46%, 09/06/2029 |
2,753,000 | 2,619,249 | ||||||
| B.A.T. International Finance PLC (United Kingdom), 5.93%, 02/02/2029(b) |
5,473,000 | 5,717,903 | ||||||
| Philip Morris International, Inc. |
||||||||
| 3.38%, 08/15/2029 |
4,108,000 | 3,942,597 | ||||||
| 4.63%, 11/01/2029 |
4,110,000 | 4,125,443 | ||||||
| 5.63%, 11/17/2029(b) |
6,945,000 | 7,249,868 | ||||||
|
|
|
|||||||
| 34,339,517 | ||||||||
|
|
|
|||||||
| Trading Companies & Distributors-0.27% |
||||||||
| Air Lease Corp., 5.10%, 03/01/2029 |
2,781,000 | 2,827,515 | ||||||
| GATX Corp., 4.70%, 04/01/2029 |
2,781,000 | 2,781,316 | ||||||
|
|
|
|||||||
| 5,608,831 | ||||||||
|
|
|
|||||||
| Water Utilities-0.14% |
||||||||
| American Water Capital Corp., 3.45%, 06/01/2029 |
3,057,000 | 2,936,475 | ||||||
|
|
|
|||||||
| Wireless Telecommunication Services-1.78% |
|
|||||||
| Rogers Communications, Inc. (Canada), 5.00%, 02/15/2029(b) |
6,933,000 | 6,985,724 | ||||||
| T-Mobile USA, Inc. |
||||||||
| 4.85%, 01/15/2029(b) |
5,556,000 | 5,610,616 | ||||||
| 2.63%, 02/15/2029 |
5,538,000 | 5,155,502 | ||||||
| 2.40%, 03/15/2029 |
2,756,000 | 2,548,649 | ||||||
| 3.38%, 04/15/2029 |
13,067,000 | 12,469,909 | ||||||
| 4.20%, 10/01/2029 |
3,860,000 | 3,806,214 | ||||||
|
|
|
|||||||
| 36,576,614 | ||||||||
|
|
|
|||||||
| Total U.S. Dollar Denominated Bonds & Notes |
|
2,026,671,721 | ||||||
|
|
|
|||||||
| Shares | ||||||||
| Money Market Funds-0.30% |
||||||||
| Invesco Government & Agency Portfolio, Institutional Class, 4.24%(c)(d) (Cost $6,158,717) |
6,158,717 | 6,158,717 | ||||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral
from securities on loan)-98.85% |
2,032,830,438 | |||||||
|
|
|
|||||||
| Investments Purchased with Cash Collateral from Securities on Loan |
|
|||||||
| Money Market Funds-13.19% |
|
|||||||
| Invesco Private Government Fund, 4.29%(c)(d)(e) |
75,206,115 | 75,206,115 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 Corporate Bond ETF (BSCT)–(continued)
May 31, 2025
(Unaudited)
| Shares | Value | |||||||
| Money Market Funds-(continued) |
|
|||||||
| Invesco Private Prime Fund, 4.45%(c)(d)(e) |
195,882,339 | $ | 195,921,515 | |||||
|
|
|
|||||||
| Total Investments Purchased with Cash Collateral from Securities on
Loan |
|
271,127,630 | ||||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN
SECURITIES-112.04% |
|
2,303,958,068 | ||||||
| OTHER ASSETS LESS LIABILITIES-(12.04)% |
|
(247,500,472 | ) | |||||
|
|
|
|||||||
| NET ASSETS-100.00% |
$ | 2,056,457,596 | ||||||
|
|
|
|||||||
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) | All or a portion of this security was out on loan at May 31, 2025. |
| (c) | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the nine months ended May 31, 2025. |
| Value August 31, 2024 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized Appreciation (Depreciation) |
Realized Gain (Loss) |
Value May 31, 2025 |
Dividend Income | |||||||||||||||||||||||||||||
| Investments in Affiliated Money Market Funds: | |||||||||||||||||||||||||||||||||||
| Invesco Government & Agency Portfolio, Institutional Class | $ | 390,604 | $ | 73,423,597 | $ | (67,655,484 | ) | $ | - | $ | - | $ | 6,158,717 | $ | 170,629 | ||||||||||||||||||||
| Investments Purchased with Cash Collateral from Securities on Loan: | |||||||||||||||||||||||||||||||||||
| Invesco Private Government Fund | 55,029,258 | 256,464,862 | (236,288,005 | ) | - | - | 75,206,115 | 2,659,899 | * | ||||||||||||||||||||||||||
| Invesco Private Prime Fund | 143,491,168 | 609,924,462 | (557,452,892 | ) | (22,280 | ) | (18,943 | ) | 195,921,515 | 7,128,570 | * | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||
| Total | $ | 198,911,030 | $ | 939,812,921 | $ | (861,396,381 | ) | $ | (22,280 | ) | $ | (18,943 | ) | $ | 277,286,347 | $ | 9,959,098 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||
| * | Represents the income earned on the investment of cash collateral. 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 May 31, 2025. |
| (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. |
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments(a)
Invesco BulletShares 2030 Corporate Bond ETF (BSCU)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| U.S. Dollar Denominated Bonds & Notes-98.93% |
| |||||||
| Aerospace & Defense-2.30% |
||||||||
| Boeing Co. (The), 5.15%, 05/01/2030 |
$ | 24,399,000 | $ | 24,623,877 | ||||
| Huntington Ingalls Industries, Inc., 5.35%, 01/15/2030(b) |
2,828,000 | 2,873,559 | ||||||
| RTX Corp., 2.25%, 07/01/2030 |
5,875,000 | 5,249,264 | ||||||
| Textron, Inc., 3.00%, 06/01/2030 |
3,801,000 | 3,477,419 | ||||||
|
|
|
|||||||
| 36,224,119 | ||||||||
|
|
|
|||||||
| Automobile Components-0.25% |
||||||||
| Magna International, Inc. (Canada), 2.45%, 06/15/2030(b) |
4,393,000 | 3,926,345 | ||||||
|
|
|
|||||||
| Automobiles-2.80% |
||||||||
| American Honda Finance Corp. |
||||||||
| 4.80%, 03/05/2030(b) |
1,750,000 | 1,753,116 | ||||||
| 4.60%, 04/17/2030(b) |
4,122,000 | 4,094,549 | ||||||
| 5.85%, 10/04/2030(b) |
2,945,000 | 3,082,765 | ||||||
| Ford Motor Credit Co. LLC |
||||||||
| 7.35%, 03/06/2030(b) |
6,400,000 | 6,669,091 | ||||||
| 7.20%, 06/10/2030(b) |
4,868,000 | 5,055,401 | ||||||
| 4.00%, 11/13/2030 |
8,999,000 | 8,018,138 | ||||||
| General Motors Co., 5.63%, 04/15/2030 |
1,000,000 | 1,009,030 | ||||||
| Toyota Motor Credit Corp. |
||||||||
| 4.95%, 01/09/2030 |
4,118,000 | 4,183,127 | ||||||
| 4.55%, 05/17/2030 |
4,000,000 | 3,992,535 | ||||||
| 5.55%, 11/20/2030(b) |
6,095,000 | 6,357,640 | ||||||
|
|
|
|||||||
| 44,215,392 | ||||||||
|
|
|
|||||||
| Banks-5.62% |
||||||||
| Banco Santander S.A. (Spain) |
||||||||
| 5.57%, 01/17/2030 |
5,673,000 | 5,834,156 | ||||||
| 3.49%, 05/28/2030 |
5,600,000 | 5,252,589 | ||||||
| Bank of Nova Scotia (The) (Canada), 4.85%, 02/01/2030 |
7,210,000 | 7,289,935 | ||||||
| Citizens Financial Group, Inc., 3.25%, 04/30/2030 |
4,391,000 | 4,056,156 | ||||||
| Huntington National Bank (The), 5.65%, 01/10/2030(b) |
5,151,000 | 5,308,088 | ||||||
| Mitsubishi UFJ Financial Group, Inc. (Japan) |
||||||||
| 2.56%, 02/25/2030 |
6,744,000 | 6,132,346 | ||||||
| 2.05%, 07/17/2030 |
6,819,000 | 5,986,057 | ||||||
| Sumitomo Mitsui Financial Group, Inc. (Japan) |
||||||||
| 5.71%, 01/13/2030(b) |
7,457,000 | 7,768,610 | ||||||
| 2.75%, 01/15/2030 |
6,876,000 | 6,322,276 | ||||||
| 5.24%, 04/15/2030 |
4,398,000 | 4,493,386 | ||||||
| 2.13%, 07/08/2030 |
8,285,000 | 7,310,774 | ||||||
| 5.85%, 07/13/2030(b) |
3,588,000 | 3,763,847 | ||||||
| 2.14%, 09/23/2030 |
3,462,000 | 3,016,161 | ||||||
| Truist Bank, 2.25%, 03/11/2030 |
7,195,000 | 6,362,680 | ||||||
| Truist Financial Corp., 1.95%, 06/05/2030 |
4,289,000 | 3,751,283 | ||||||
| U.S. Bancorp, 1.38%, 07/22/2030 |
7,052,000 | 6,010,391 | ||||||
|
|
|
|||||||
| 88,658,735 | ||||||||
|
|
|
|||||||
| Beverages-2.17% |
||||||||
| Coca-Cola Co. (The), 1.65%, 06/01/2030 |
8,795,000 | 7,746,967 | ||||||
| Constellation Brands, Inc., 2.88%, 05/01/2030 |
3,512,000 | 3,217,517 | ||||||
| Diageo Capital PLC (United Kingdom), 2.00%, 04/29/2030 |
5,905,000 | 5,260,107 | ||||||
| Principal Amount |
Value | |||||||
| Beverages-(continued) |
||||||||
| Diageo Investment Corp. (United Kingdom), 5.13%, 08/15/2030(b) |
$ | 3,193,000 | $ | 3,258,895 | ||||
| Keurig Dr Pepper, Inc., 3.20%, 05/01/2030(b) |
4,389,500 | 4,095,345 | ||||||
| PepsiCo, Inc. |
||||||||
| 4.60%, 02/07/2030(b) |
5,450,000 | 5,509,296 | ||||||
| 1.63%, 05/01/2030(b) |
5,852,000 | 5,139,453 | ||||||
|
|
|
|||||||
| 34,227,580 | ||||||||
|
|
|
|||||||
| Biotechnology-2.81% |
||||||||
| AbbVie, Inc., 4.88%, 03/15/2030 |
3,405,000 | 3,461,320 | ||||||
| Amgen, Inc. |
||||||||
| 2.45%, 02/21/2030 |
6,897,000 | 6,260,163 | ||||||
| 5.25%, 03/02/2030 |
15,174,000 | 15,562,053 | ||||||
| Biogen, Inc., 2.25%, 05/01/2030 |
8,795,000 | 7,803,809 | ||||||
| Gilead Sciences, Inc., 1.65%, 10/01/2030 |
5,850,000 | 5,053,481 | ||||||
| Regeneron Pharmaceuticals, Inc., 1.75%, 09/15/2030(b) |
7,311,000 | 6,265,267 | ||||||
|
|
|
|||||||
| 44,406,093 | ||||||||
|
|
|
|||||||
| Broadline Retail-0.93% |
||||||||
| Amazon.com, Inc., 1.50%, 06/03/2030 |
11,049,000 | 9,699,977 | ||||||
| eBay, Inc., 2.70%, 03/11/2030 |
5,458,000 | 5,011,961 | ||||||
|
|
|
|||||||
| 14,711,938 | ||||||||
|
|
|
|||||||
| Building Products-0.67% |
||||||||
| CRH SMW Finance DAC, 5.13%, 01/09/2030 |
7,340,000 | 7,460,535 | ||||||
| Johnson Controls International PLC/Tyco Fire & Security Finance S.C.A., 1.75%, 09/15/2030 |
3,662,000 | 3,175,542 | ||||||
|
|
|
|||||||
| 10,636,077 | ||||||||
|
|
|
|||||||
| Capital Markets-2.79% |
||||||||
| Blackstone Secured Lending Fund, 5.30%, 06/30/2030 |
2,000,000 | 1,965,450 | ||||||
| Blue Owl Credit Income Corp., 5.80%, 03/15/2030 |
680,000 | 673,869 | ||||||
| Brookfield Finance, Inc. (Canada), 4.35%, 04/15/2030 |
4,386,000 | 4,283,041 | ||||||
| Cboe Global Markets, Inc., 1.63%, 12/15/2030 |
2,930,000 | 2,504,705 | ||||||
| CI Financial Corp. (Canada), 3.20%, 12/17/2030 |
5,313,000 | 4,637,128 | ||||||
| CME Group, Inc., 4.40%, 03/15/2030 |
3,550,000 | 3,544,578 | ||||||
| Franklin Resources, Inc., 1.60%, 10/30/2030(b) |
4,970,000 | 4,238,559 | ||||||
| FS KKR Capital Corp., 6.13%, 01/15/2030 |
4,100,000 | 4,039,110 | ||||||
| Nomura Holdings, Inc. (Japan), 2.68%, 07/16/2030 |
5,896,000 | 5,288,204 | ||||||
| Northern Trust Corp., 1.95%, 05/01/2030 |
5,745,000 | 5,095,935 | ||||||
| S&P Global, Inc., 1.25%, 08/15/2030(b) |
3,513,000 | 2,998,003 | ||||||
| Sixth Street Lending Partners, 5.75%, 01/15/2030 |
3,390,000 | 3,375,084 | ||||||
| State Street Corp., 4.73%, 02/28/2030 |
1,369,000 | 1,377,840 | ||||||
|
|
|
|||||||
| 44,021,506 | ||||||||
|
|
|
|||||||
| Chemicals-2.05% |
||||||||
| Air Products and Chemicals, Inc., 2.05%, 05/15/2030(b) |
5,279,000 | 4,705,655 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2030 Corporate Bond ETF (BSCU)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Chemicals-(continued) |
||||||||
| Celanese US Holdings LLC |
||||||||
| 6.50%, 04/15/2030(b) |
$ | 3,818,000 | $ | 3,850,656 | ||||
| 7.05%, 11/15/2030(b) |
5,602,000 | 5,777,343 | ||||||
| Dow Chemical Co. (The), 2.10%, 11/15/2030(b) |
4,800,000 | 4,156,629 | ||||||
| EIDP, Inc., 2.30%, 07/15/2030(b) |
2,930,000 | 2,641,485 | ||||||
| Linde, Inc., 1.10%, 08/10/2030 |
4,093,000 | 3,487,735 | ||||||
| LYB International Finance III LLC, 2.25%, 10/01/2030(b) |
2,824,000 | 2,468,374 | ||||||
| Nutrien Ltd. (Canada), 2.95%, 05/13/2030 |
2,927,000 | 2,688,275 | ||||||
| Sherwin-Williams Co. (The), 2.30%, 05/15/2030 |
2,928,000 | 2,615,270 | ||||||
|
|
|
|||||||
| 32,391,422 | ||||||||
|
|
|
|||||||
| Commercial Services & Supplies-0.96% |
| |||||||
| CDW LLC/CDW Finance Corp., 5.10%, 03/01/2030 |
3,515,000 | 3,512,469 | ||||||
| Republic Services, Inc., 2.30%, 03/01/2030 |
3,515,000 | 3,184,834 | ||||||
| Waste Management, Inc. |
||||||||
| 4.63%, 02/15/2030 |
4,285,000 | 4,317,929 | ||||||
| 4.65%, 03/15/2030(b) |
4,032,000 | 4,057,808 | ||||||
|
|
|
|||||||
| 15,073,040 | ||||||||
|
|
|
|||||||
| Communications Equipment-0.58% |
||||||||
| Cisco Systems, Inc., 4.75%, 02/24/2030 |
4,450,000 | 4,525,926 | ||||||
| Motorola Solutions, Inc., 2.30%, 11/15/2030 |
5,261,000 | 4,625,394 | ||||||
|
|
|
|||||||
| 9,151,320 | ||||||||
|
|
|
|||||||
| Construction & Engineering-0.34% |
||||||||
| Quanta Services, Inc., 2.90%, 10/01/2030(b) |
5,850,000 | 5,315,011 | ||||||
| Construction Materials-0.43% |
||||||||
| Martin Marietta Materials, Inc., Series CB, 2.50%, 03/15/2030 |
2,800,000 | 2,547,056 | ||||||
| Vulcan Materials Co., 3.50%, 06/01/2030 |
4,385,000 | 4,164,489 | ||||||
|
|
|
|||||||
| 6,711,545 | ||||||||
|
|
|
|||||||
| Consumer Finance-1.15% |
||||||||
| General Motors Financial Co., Inc. |
||||||||
| 5.35%, 01/07/2030 |
6,540,000 | 6,547,504 | ||||||
| 5.85%, 04/06/2030(b) |
5,775,000 | 5,901,709 | ||||||
| 3.60%, 06/21/2030 |
6,103,000 | 5,625,604 | ||||||
|
|
|
|||||||
| 18,074,817 | ||||||||
|
|
|
|||||||
| Consumer Staples Distribution & Retail-1.38% |
|
|||||||
| Costco Wholesale Corp., 1.60%, 04/20/2030 |
10,270,000 | 9,076,219 | ||||||
| Kroger Co. (The), 2.20%, 05/01/2030 |
2,929,000 | 2,614,778 | ||||||
| Sysco Corp., 5.10%, 09/23/2030 |
2,173,000 | 2,204,409 | ||||||
| Walmart, Inc. |
||||||||
| 4.00%, 04/15/2030 |
2,950,000 | 2,936,440 | ||||||
| 4.35%, 04/28/2030 |
5,000,000 | 5,019,930 | ||||||
|
|
|
|||||||
| 21,851,776 | ||||||||
|
|
|
|||||||
| Containers & Packaging-0.54% |
||||||||
| Amcor Flexibles North America, Inc., 2.63%, 06/19/2030 |
2,923,000 | 2,625,167 | ||||||
| Principal Amount |
Value | |||||||
| Containers & Packaging-(continued) |
||||||||
| Avery Dennison Corp., 2.65%, 04/30/2030 |
$ | 2,928,000 | $ | 2,652,867 | ||||
| Sonoco Products Co., 3.13%, 05/01/2030(b) |
3,516,000 | 3,231,061 | ||||||
|
|
|
|||||||
| 8,509,095 | ||||||||
|
|
|
|||||||
| Distributors-0.16% |
||||||||
| Genuine Parts Co., 1.88%, 11/01/2030 |
2,927,000 | 2,499,841 | ||||||
|
|
|
|||||||
| Diversified Consumer Services-0.15% |
||||||||
| Yale University, Series 2020, 1.48%, 04/15/2030 |
2,755,000 | 2,427,108 | ||||||
|
|
|
|||||||
| Diversified REITs-0.36% |
||||||||
| VICI Properties L.P., 4.95%, 02/15/2030 |
5,763,000 | 5,721,784 | ||||||
|
|
|
|||||||
| Diversified Telecommunication Services-0.67% |
|
|||||||
| Verizon Communications, Inc. |
||||||||
| 1.50%, 09/18/2030(b) |
5,877,000 | 5,012,843 | ||||||
| 1.68%, 10/30/2030 |
6,503,000 | 5,574,735 | ||||||
|
|
|
|||||||
| 10,587,578 | ||||||||
|
|
|
|||||||
| Electric Utilities-5.45% |
||||||||
| AEP Texas, Inc., Series I, 2.10%, 07/01/2030 |
3,506,000 | 3,071,852 | ||||||
| Alabama Power Co., Series 20-A, 1.45%, 09/15/2030 |
3,507,000 | 3,009,950 | ||||||
| Berkshire Hathaway Energy Co., 3.70%, 07/15/2030 |
6,442,000 | 6,203,729 | ||||||
| CenterPoint Energy Houston Electric LLC, 4.80%, 03/15/2030 |
2,400,000 | 2,424,767 | ||||||
| Duke Energy Carolinas LLC, 2.45%, 02/01/2030 |
2,924,000 | 2,677,098 | ||||||
| Duke Energy Corp., 2.45%, 06/01/2030 . |
4,972,000 | 4,468,814 | ||||||
| Duke Energy Florida LLC, 1.75%, 06/15/2030 |
2,923,000 | 2,552,455 | ||||||
| Edison International, 6.25%, 03/15/2030(b) |
1,204,000 | 1,220,245 | ||||||
| Entergy Corp., 2.80%, 06/15/2030 |
3,516,000 | 3,198,758 | ||||||
| Eversource Energy, Series R, 1.65%, 08/15/2030 |
3,513,000 | 3,013,056 | ||||||
| FirstEnergy Corp., 2.65%, 03/01/2030(b) |
3,514,000 | 3,192,002 | ||||||
| Florida Power & Light Co., 4.63%, 05/15/2030 |
2,932,000 | 2,952,610 | ||||||
| Georgia Power Co., 4.55%, 03/15/2030 . |
3,520,000 | 3,528,174 | ||||||
| National Rural Utilities Cooperative |
||||||||
| Finance Corp., 4.95%, 02/07/2030 |
2,960,000 | 2,999,182 | ||||||
| NextEra Energy Capital Holdings, Inc. |
||||||||
| 5.00%, 02/28/2030(b) |
3,529,000 | 3,593,989 | ||||||
| 5.05%, 03/15/2030 |
5,450,000 | 5,526,132 | ||||||
| 2.25%, 06/01/2030 |
9,589,000 | 8,532,359 | ||||||
| Pacific Gas and Electric Co., 4.55%, 07/01/2030 |
16,904,000 | 16,378,436 | ||||||
| San Diego Gas & Electric Co., Series VVV, 1.70%, 10/01/2030 |
4,682,000 | 4,022,890 | ||||||
| Southern California Edison Co., 5.25%, 03/15/2030 |
3,460,000 | 3,479,981 | ||||||
|
|
|
|||||||
| 86,046,479 | ||||||||
|
|
|
|||||||
| Electrical Equipment-0.74% |
||||||||
| Acuity Brands Lighting, Inc., 2.15%, 12/15/2030 |
2,822,000 | 2,446,664 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2030 Corporate Bond ETF (BSCU)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Electrical Equipment-(continued) |
||||||||
| Emerson Electric Co., 1.95%, 10/15/2030 |
$ | 2,930,000 | $ | 2,582,965 | ||||
| Regal Rexnord Corp., 6.30%, 02/15/2030 |
6,450,000 | 6,690,638 | ||||||
|
|
|
|||||||
| 11,720,267 | ||||||||
|
|
|
|||||||
| Electronic Equipment, Instruments & Components-0.47% |
|
|||||||
| Jabil, Inc., 3.60%, 01/15/2030(b) |
2,930,000 | 2,757,002 | ||||||
| Keysight Technologies, Inc., 5.35%, 07/30/2030 |
2,000,000 | 2,041,356 | ||||||
| Teledyne FLIR LLC, 2.50%, 08/01/2030 |
2,843,000 | 2,544,286 | ||||||
|
|
|
|||||||
| 7,342,644 | ||||||||
|
|
|
|||||||
| Energy Equipment & Services-0.67% |
||||||||
| Baker Hughes Holdings LLC/Baker Hughes Co-Obligor, Inc., 4.49%, 05/01/2030(b) |
2,936,000 | 2,906,776 | ||||||
| Halliburton Co., 2.92%, 03/01/2030(b) |
5,851,000 | 5,372,557 | ||||||
| Schlumberger Investment S.A., 2.65%, 06/26/2030 |
2,508,000 | 2,278,165 | ||||||
|
|
|
|||||||
| 10,557,498 | ||||||||
|
|
|
|||||||
| Financial Services-2.51% |
||||||||
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland), 6.15%, 09/30/2030 |
5,005,000 | 5,287,381 | ||||||
| Block Financial LLC, 3.88%, 08/15/2030(b) |
3,807,000 | 3,583,438 | ||||||
| Fiserv, Inc. |
||||||||
| 4.75%, 03/15/2030 |
4,970,000 | 4,958,159 | ||||||
| 2.65%, 06/01/2030(b) |
5,851,000 | 5,288,742 | ||||||
| Global Payments, Inc., 2.90%, 05/15/2030 |
5,849,000 | 5,302,164 | ||||||
| LPL Holdings, Inc. |
||||||||
| 5.20%, 03/15/2030 |
3,019,000 | 3,033,958 | ||||||
| 5.15%, 06/15/2030 |
1,002,000 | 1,004,651 | ||||||
| PayPal Holdings, Inc., 2.30%, 06/01/2030 |
5,600,000 | 5,042,549 | ||||||
| RELX Capital, Inc. (United Kingdom) |
||||||||
| 4.75%, 03/27/2030 |
2,000,000 | 2,017,750 | ||||||
| 3.00%, 05/22/2030 |
4,385,000 | 4,093,324 | ||||||
|
|
|
|||||||
| 39,612,116 | ||||||||
|
|
|
|||||||
| Food Products-2.06% |
||||||||
| General Mills, Inc., 4.88%, 01/30/2030 |
4,410,000 | 4,450,340 | ||||||
| Hershey Co. (The), 4.75%, 02/24/2030 |
1,000,000 | 1,013,118 | ||||||
| Hormel Foods Corp., 1.80%, 06/11/2030 |
5,864,000 | 5,172,380 | ||||||
| Ingredion, Inc., 2.90%, 06/01/2030 |
3,508,000 | 3,228,348 | ||||||
| JM Smucker Co. (The), 2.38%, 03/15/2030(b) |
2,928,000 | 2,638,069 | ||||||
| Kellanova, 2.10%, 06/01/2030 |
2,932,000 | 2,607,797 | ||||||
| Kraft Heinz Foods Co. (The), 3.75%, 04/01/2030 |
4,330,000 | 4,147,234 | ||||||
| McCormick & Co., Inc., 2.50%, 04/15/2030 |
2,930,000 | 2,646,715 | ||||||
| Mondelez International, Inc., 2.75%, 04/13/2030 |
4,393,000 | 4,037,466 | ||||||
| The Campbell’s Company, 2.38%, 04/24/2030(b) |
2,923,000 | 2,615,454 | ||||||
|
|
|
|||||||
| 32,556,921 | ||||||||
|
|
|
|||||||
| Principal Amount |
Value | |||||||
| Gas Utilities-0.51% |
||||||||
| CenterPoint Energy Resources Corp., 1.75%, 10/01/2030 |
$ | 2,877,000 | $ | 2,474,098 | ||||
| National Fuel Gas Co., 5.50%, 03/15/2030 |
2,000,000 | 2,040,423 | ||||||
| Southern California Gas Co., Series XX, 2.55%, 02/01/2030(b) |
3,806,000 | 3,466,686 | ||||||
|
|
|
|||||||
| 7,981,207 | ||||||||
|
|
|
|||||||
| Ground Transportation-1.25% |
||||||||
| Canadian Pacific Railway Co. (Canada) |
||||||||
| 2.05%, 03/05/2030 |
2,932,000 | 2,612,430 | ||||||
| 4.80%, 03/30/2030(b) |
2,512,000 | 2,531,362 | ||||||
| J.B. Hunt Transport Services, Inc., 4.90%, 03/15/2030 |
3,789,000 | 3,812,641 | ||||||
| Norfolk Southern Corp., 5.05%, 08/01/2030 |
3,520,000 | 3,603,254 | ||||||
| Uber Technologies, Inc., 4.30%, 01/15/2030 |
7,280,000 | 7,181,424 | ||||||
|
|
|
|||||||
| 19,741,111 | ||||||||
|
|
|
|||||||
| Health Care Equipment & Supplies-2.74% |
||||||||
| Abbott Laboratories, 1.40%, 06/30/2030(b) |
3,799,000 | 3,316,413 | ||||||
| Becton, Dickinson and Co., 2.82%, 05/20/2030 |
4,386,000 | 4,008,109 | ||||||
| Boston Scientific Corp., 2.65%, 06/01/2030 |
7,038,000 | 6,458,652 | ||||||
| DENTSPLY SIRONA, Inc., 3.25%, 06/01/2030(b) |
4,387,000 | 3,960,887 | ||||||
| GE HealthCare Technologies, Inc., 5.86%, 03/15/2030 |
7,308,000 | 7,652,746 | ||||||
| Smith & Nephew PLC (United Kingdom), 2.03%, 10/14/2030 |
5,850,000 | 5,077,756 | ||||||
| Stryker Corp. |
||||||||
| 4.85%, 02/10/2030 |
4,690,000 | 4,739,516 | ||||||
| 1.95%, 06/15/2030 |
5,851,000 | 5,162,269 | ||||||
| Zimmer Biomet Holdings, Inc., 5.05%, 02/19/2030(b) |
2,880,000 | 2,923,637 | ||||||
|
|
|
|||||||
| 43,299,985 | ||||||||
|
|
|
|||||||
| Health Care Providers & Services-5.80% |
||||||||
| Cencora, Inc., 2.80%, 05/15/2030 |
2,936,000 | 2,698,385 | ||||||
| Centene Corp. |
||||||||
| 3.38%, 02/15/2030 |
10,611,000 | 9,677,600 | ||||||
| 3.00%, 10/15/2030 |
11,901,000 | 10,476,464 | ||||||
| Cigna Group (The), 2.40%, 03/15/2030 |
8,219,000 | 7,415,707 | ||||||
| CommonSpirit Health, 2.78%, 10/01/2030(b) |
3,224,000 | 2,910,786 | ||||||
| CVS Health Corp. |
||||||||
| 5.13%, 02/21/2030 |
8,180,000 | 8,229,513 | ||||||
| 1.75%, 08/21/2030(b) |
7,358,000 | 6,259,871 | ||||||
| Elevance Health, Inc. |
||||||||
| 4.75%, 02/15/2030 |
4,277,000 | 4,298,454 | ||||||
| 2.25%, 05/15/2030 |
6,351,000 | 5,659,168 | ||||||
| HCA, Inc., 5.25%, 03/01/2030 |
2,138,000 | 2,170,837 | ||||||
| Laboratory Corp. of America Holdings, 4.35%, 04/01/2030 |
3,814,000 | 3,747,092 | ||||||
| Sutter Health, Series 20-A, 2.29%, 08/15/2030 |
4,093,000 | 3,634,784 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2030 Corporate Bond ETF (BSCU)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Health Care Providers & Services-(continued) |
|
|||||||
| UnitedHealth Group, Inc. |
||||||||
| 4.80%, 01/15/2030 |
$ | 6,811,000 | $ | 6,845,394 | ||||
| 5.30%, 02/15/2030 |
6,815,000 | 6,980,603 | ||||||
| 2.00%, 05/15/2030 |
7,233,000 | 6,372,957 | ||||||
| Universal Health Services, Inc., 2.65%, 10/15/2030(b) |
4,683,000 | 4,112,966 | ||||||
|
|
|
|||||||
| 91,490,581 | ||||||||
|
|
|
|||||||
| Hotel & Resort REITs-0.24% |
||||||||
| Host Hotels & Resorts L.P., Series I, 3.50%, 09/15/2030 |
4,142,000 | 3,774,935 | ||||||
|
|
|
|||||||
| Hotels, Restaurants & Leisure-2.07% |
||||||||
| Booking Holdings, Inc., 4.63%, 04/13/2030(b) |
8,710,000 | 8,758,302 | ||||||
| Las Vegas Sands Corp., 6.00%, 06/14/2030 |
1,000,000 | 1,011,376 | ||||||
| Marriott International, Inc. |
||||||||
| 4.80%, 03/15/2030 |
2,824,000 | 2,830,588 | ||||||
| Series FF, 4.63%, 06/15/2030(b) |
5,776,000 | 5,732,174 | ||||||
| McDonald’s Corp. |
||||||||
| 2.13%, 03/01/2030 |
4,390,000 | 3,947,254 | ||||||
| 4.60%, 05/15/2030 |
345,000 | 346,314 | ||||||
| Starbucks Corp. |
||||||||
| 2.25%, 03/12/2030 |
4,385,000 | 3,929,490 | ||||||
| 2.55%, 11/15/2030 |
6,900,000 | 6,171,349 | ||||||
|
|
|
|||||||
| 32,726,847 | ||||||||
|
|
|
|||||||
| Household Durables-0.48% |
||||||||
| Mohawk Industries, Inc., 3.63%, 05/15/2030 |
2,932,000 | 2,763,139 | ||||||
| NVR, Inc., 3.00%, 05/15/2030 |
5,289,000 | 4,881,708 | ||||||
|
|
|
|||||||
| 7,644,847 | ||||||||
|
|
|
|||||||
| Household Products-0.56% |
||||||||
| Clorox Co. (The), 1.80%, 05/15/2030(b) . |
2,930,000 | 2,558,687 | ||||||
| Procter & Gamble Co. (The), 1.20%, 10/29/2030 |
7,355,000 | 6,286,699 | ||||||
|
|
|
|||||||
| 8,845,386 | ||||||||
|
|
|
|||||||
| Industrial Conglomerates-0.80% |
||||||||
| 3M Co., 4.80%, 03/15/2030 |
1,500,000 | 1,511,708 | ||||||
| Honeywell International, Inc. |
||||||||
| 4.70%, 02/01/2030 |
5,877,000 | 5,929,126 | ||||||
| 1.95%, 06/01/2030 |
5,863,000 | 5,192,721 | ||||||
|
|
|
|||||||
| 12,633,555 | ||||||||
|
|
|
|||||||
| Insurance-3.33% |
||||||||
| Alleghany Corp., 3.63%, 05/15/2030 |
2,773,000 | 2,668,589 | ||||||
| Allstate Corp. (The), 1.45%, 12/15/2030 |
3,454,000 | 2,917,384 | ||||||
| Aon Corp., 2.80%, 05/15/2030 |
5,515,000 | 5,055,128 | ||||||
| Berkshire Hathaway Finance Corp. |
||||||||
| 1.85%, 03/12/2030 |
2,757,000 | 2,487,826 | ||||||
| 1.45%, 10/15/2030 |
4,140,000 | 3,595,705 | ||||||
| Brighthouse Financial, Inc., 5.63%, 05/15/2030 |
3,603,000 | 3,661,127 | ||||||
| CNA Financial Corp., 2.05%, 08/15/2030 |
2,755,000 | 2,392,826 | ||||||
| Fidelity National Financial, Inc., 3.40%, 06/15/2030(b) |
3,754,000 | 3,468,212 | ||||||
| Loews Corp., 3.20%, 05/15/2030 |
2,924,000 | 2,736,655 | ||||||
| Principal Amount |
Value | |||||||
| Insurance-(continued) |
||||||||
| Marsh & McLennan Cos., Inc. |
||||||||
| 4.65%, 03/15/2030 |
$ | 5,810,000 | $ | 5,837,605 | ||||
| 2.25%, 11/15/2030 |
4,286,000 | 3,801,820 | ||||||
| Principal Financial Group, Inc., 2.13%, 06/15/2030 |
3,308,000 | 2,916,935 | ||||||
| Prudential Financial, Inc., 2.10%, 03/10/2030 |
2,762,000 | 2,494,279 | ||||||
| Prudential Funding (Asia) PLC (Hong Kong), 3.13%, 04/14/2030(b) |
5,752,000 | 5,405,275 | ||||||
| Reinsurance Group of America, Inc., 3.15%, 06/15/2030 |
3,312,000 | 3,066,912 | ||||||
|
|
|
|||||||
| 52,506,278 | ||||||||
|
|
|
|||||||
| Interactive Media & Services-1.07% |
||||||||
| Alphabet, Inc., 1.10%, 08/15/2030(b) |
12,860,000 | 10,993,786 | ||||||
| Meta Platforms, Inc., 4.80%, 05/15/2030(b) |
5,822,000 | 5,962,930 | ||||||
|
|
|
|||||||
| 16,956,716 | ||||||||
|
|
|
|||||||
| IT Services-0.79% |
||||||||
| International Business Machines Corp. |
||||||||
| 4.80%, 02/10/2030 |
5,840,000 | 5,894,865 | ||||||
| 1.95%, 05/15/2030(b) |
7,361,000 | 6,494,108 | ||||||
|
|
|
|||||||
| 12,388,973 | ||||||||
|
|
|
|||||||
| Life Sciences Tools & Services-0.45% |
||||||||
| Agilent Technologies, Inc., 2.10%, 06/04/2030 |
2,921,000 | 2,592,351 | ||||||
| Thermo Fisher Scientific, Inc., 4.98%, 08/10/2030 |
4,410,000 | 4,504,330 | ||||||
|
|
|
|||||||
| 7,096,681 | ||||||||
|
|
|
|||||||
| Machinery-1.68% |
||||||||
| Cummins, Inc., 1.50%, 09/01/2030(b) |
4,987,000 | 4,295,630 | ||||||
| Flowserve Corp., 3.50%, 10/01/2030 |
2,927,000 | 2,704,336 | ||||||
| IDEX Corp., 3.00%, 05/01/2030 |
2,928,000 | 2,697,115 | ||||||
| John Deere Capital Corp. |
||||||||
| 2.45%, 01/09/2030 |
3,221,000 | 2,965,745 | ||||||
| 4.70%, 06/10/2030 |
5,865,000 | 5,920,164 | ||||||
| Otis Worldwide Corp., 2.57%, 02/15/2030 |
8,658,000 | 7,898,669 | ||||||
|
|
|
|||||||
| 26,481,659 | ||||||||
|
|
|
|||||||
| Media-0.53% |
||||||||
| Discovery Communications LLC, 3.63%, 05/15/2030(b) |
5,852,000 | 5,177,709 | ||||||
| Omnicom Group, Inc., 2.45%, 04/30/2030(b) |
3,505,000 | 3,163,751 | ||||||
|
|
|
|||||||
| 8,341,460 | ||||||||
|
|
|
|||||||
| Metals & Mining-1.34% |
||||||||
| Freeport-McMoRan, Inc. |
||||||||
| 4.25%, 03/01/2030 |
2,638,000 | 2,556,131 | ||||||
| 4.63%, 08/01/2030 |
3,473,000 | 3,412,056 | ||||||
| Newmont Corp., 2.25%, 10/01/2030 |
5,166,000 | 4,623,160 | ||||||
| Newmont Corp./Newcrest Finance Pty Ltd., 3.25%, 05/13/2030 |
3,530,000 | 3,339,126 | ||||||
| Nucor Corp. |
||||||||
| 2.70%, 06/01/2030 |
2,926,000 | 2,670,412 | ||||||
| 4.65%, 06/01/2030(b) |
2,000,000 | 1,995,155 | ||||||
| Reliance, Inc., 2.15%, 08/15/2030 |
2,924,000 | 2,569,447 | ||||||
|
|
|
|||||||
| 21,165,487 | ||||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2030 Corporate Bond ETF (BSCU)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Multi-Utilities-1.62% |
||||||||
| Consumers Energy Co., 4.70%, 01/15/2030 |
$ | 4,093,000 | $ | 4,129,397 | ||||
| Dominion Energy, Inc., 5.00%, 06/15/2030 |
3,704,000 | 3,740,853 | ||||||
| DTE Energy Co., 5.20%, 04/01/2030 |
6,075,000 | 6,182,687 | ||||||
| NiSource, Inc., 3.60%, 05/01/2030 |
5,900,000 | 5,617,442 | ||||||
| Public Service Enterprise Group, Inc. |
||||||||
| 4.90%, 03/15/2030 |
3,157,000 | 3,180,523 | ||||||
| 1.60%, 08/15/2030 |
3,216,000 | 2,748,020 | ||||||
|
|
|
|||||||
| 25,598,922 | ||||||||
|
|
|
|||||||
| Oil, Gas & Consumable Fuels-10.34% |
||||||||
| BP Capital Markets America, Inc., 1.75%, 08/10/2030(b) |
5,850,000 | 5,083,917 | ||||||
| Canadian Natural Resources Ltd. (Canada), 2.95%, 07/15/2030(b) |
2,928,000 | 2,654,660 | ||||||
| Chevron Corp., 2.24%, 05/11/2030 |
8,801,000 | 7,950,878 | ||||||
| Chevron USA, Inc., 4.69%, 04/15/2030 |
3,494,000 | 3,538,191 | ||||||
| ConocoPhillips Co., 4.70%, 01/15/2030 |
7,941,000 | 7,980,835 | ||||||
| Devon Energy Corp., 4.50%, 01/15/2030 |
3,256,000 | 3,173,991 | ||||||
| Diamondback Energy, Inc., 5.15%, 01/30/2030 |
5,003,000 | 5,064,913 | ||||||
| Enbridge, Inc. (Canada), 6.20%, 11/15/2030 |
4,388,000 | 4,648,186 | ||||||
| Energy Transfer L.P. |
||||||||
| 5.20%, 04/01/2030(b) |
480,000 | 484,831 | ||||||
| 6.40%, 12/01/2030 |
5,875,000 | 6,248,091 | ||||||
| Enterprise Products Operating LLC, 2.80%, 01/31/2030(b) |
7,234,000 | 6,719,869 | ||||||
| EOG Resources, Inc., 4.38%, 04/15/2030 |
4,302,000 | 4,259,702 | ||||||
| Equinor ASA (Norway), 2.38%, 05/22/2030 |
4,141,000 | 3,748,606 | ||||||
| Expand Energy Corp., 5.38%, 03/15/2030 |
6,939,000 | 6,906,711 | ||||||
| Exxon Mobil Corp., 2.61%, 10/15/2030 |
10,792,000 | 9,898,583 | ||||||
| Marathon Petroleum Corp., 5.15%, 03/01/2030 |
6,000,000 | 6,060,776 | ||||||
| MPLX L.P., 2.65%, 08/15/2030 |
8,776,000 | 7,855,970 | ||||||
| Occidental Petroleum Corp. |
||||||||
| 8.88%, 07/15/2030(b) |
5,865,000 | 6,597,662 | ||||||
| 6.63%, 09/01/2030(b) |
7,903,000 | 8,235,234 | ||||||
| ONEOK, Inc. |
||||||||
| 3.10%, 03/15/2030 |
4,564,000 | 4,214,019 | ||||||
| 3.25%, 06/01/2030 |
2,932,000 | 2,710,763 | ||||||
| 5.80%, 11/01/2030 |
2,926,000 | 3,031,455 | ||||||
| Phillips 66, 2.15%, 12/15/2030(b) |
4,975,000 | 4,322,306 | ||||||
| Pioneer Natural Resources Co., 1.90%, 08/15/2030 |
6,331,000 | 5,546,457 | ||||||
| Plains All American Pipeline L.P./PAA |
||||||||
| Finance Corp., 3.80%, 09/15/2030 |
4,390,000 | 4,146,972 | ||||||
| Shell Finance US, Inc., 2.75%, 04/06/2030 |
7,973,000 | 7,415,317 | ||||||
| Targa Resources Partners L.P./Targa |
||||||||
| Resources Partners Finance Corp., 5.50%, 03/01/2030(b) |
5,579,000 | 5,623,515 | ||||||
| Transcontinental Gas Pipe Line Co. LLC, 3.25%, 05/15/2030 |
4,095,000 | 3,817,257 | ||||||
| Valero Energy Corp., 5.15%, 02/15/2030 |
3,830,000 | 3,875,019 | ||||||
| Principal Amount |
Value | |||||||
| Oil, Gas & Consumable Fuels-(continued) |
| |||||||
| Western Midstream Operating L.P., 4.05%, 02/01/2030 |
$ | 6,217,000 | $ | 5,912,675 | ||||
| Williams Cos., Inc. (The), 3.50%, 11/15/2030 |
5,850,000 | 5,476,552 | ||||||
|
|
|
|||||||
| 163,203,913 | ||||||||
|
|
|
|||||||
| Personal Care Products-0.78% |
||||||||
| Estee Lauder Cos., Inc. (The), 2.60%, 04/15/2030 |
4,095,000 | 3,739,085 | ||||||
| Kenvue, Inc., 5.00%, 03/22/2030(b) |
5,900,000 | 6,043,200 | ||||||
| Unilever Capital Corp. (United Kingdom), 1.38%, 09/14/2030(b) |
2,928,000 | 2,522,201 | ||||||
|
|
|
|||||||
| 12,304,486 | ||||||||
|
|
|
|||||||
| Pharmaceuticals-5.42% |
||||||||
| AstraZeneca Finance LLC (United Kingdom), 4.90%, 03/03/2030 |
3,821,000 | 3,896,677 | ||||||
| AstraZeneca PLC (United Kingdom), 1.38%, 08/06/2030 |
7,089,000 | 6,082,680 | ||||||
| Bristol-Myers Squibb Co., 1.45%, 11/13/2030(b) |
7,332,000 | 6,272,632 | ||||||
| Eli Lilly and Co., 4.75%, 02/12/2030 |
7,332,000 | 7,453,832 | ||||||
| GlaxoSmithKline Capital, Inc. (United Kingdom), 4.50%, 04/15/2030 |
4,694,000 | 4,692,656 | ||||||
| Johnson & Johnson |
||||||||
| 4.70%, 03/01/2030 |
5,489,000 | 5,585,203 | ||||||
| 1.30%, 09/01/2030 |
9,264,000 | 7,979,756 | ||||||
| Merck & Co., Inc. |
||||||||
| 4.30%, 05/17/2030(b) |
4,416,000 | 4,396,863 | ||||||
| 1.45%, 06/24/2030 |
6,816,000 | 5,899,098 | ||||||
| Pfizer, Inc., 1.70%, 05/28/2030(b) |
5,849,000 | 5,127,563 | ||||||
| Royalty Pharma PLC, 2.20%, 09/02/2030 |
5,845,000 | 5,098,323 | ||||||
| Takeda Pharmaceutical Co. Ltd. (Japan), 2.05%, 03/31/2030 |
13,183,000 | 11,683,419 | ||||||
| Viatris, Inc., 2.70%, 06/22/2030(b) |
8,480,000 | 7,420,308 | ||||||
| Zoetis, Inc., 2.00%, 05/15/2030 |
4,388,000 | 3,896,686 | ||||||
|
|
|
|||||||
| 85,485,696 | ||||||||
|
|
|
|||||||
| Professional Services-1.05% |
||||||||
| Automatic Data Processing, Inc., 1.25%, 09/01/2030 |
5,850,000 | 5,024,197 | ||||||
| Equifax, Inc., 3.10%, 05/15/2030 |
3,515,000 | 3,245,037 | ||||||
| Paychex, Inc., 5.10%, 04/15/2030 |
8,230,000 | 8,340,409 | ||||||
|
|
|
|||||||
| 16,609,643 | ||||||||
|
|
|
|||||||
| Residential REITs-0.25% |
||||||||
| Camden Property Trust, 2.80%, 05/15/2030 |
4,384,000 | 4,018,677 | ||||||
|
|
|
|||||||
| Retail REITs-1.11% |
||||||||
| Brixmor Operating Partnership L.P., 4.05%, 07/01/2030 |
4,576,000 | 4,385,919 | ||||||
| Kimco Realty OP LLC, 2.70%, 10/01/2030 |
2,759,000 | 2,502,284 | ||||||
| Realty Income Corp., 4.85%, 03/15/2030 |
3,540,000 | 3,571,162 | ||||||
| Regency Centers L.P., 3.70%, 06/15/2030 |
3,414,000 | 3,269,454 | ||||||
| Simon Property Group L.P., 2.65%, 07/15/2030 |
4,192,000 | 3,812,208 | ||||||
|
|
|
|||||||
| 17,541,027 | ||||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2030 Corporate Bond ETF (BSCU)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Semiconductors & Semiconductor Equipment-3.03% |
| |||||||
| Applied Materials, Inc., 1.75%, 06/01/2030 |
$ | 4,390,000 | $ | 3,864,210 | ||||
| Broadcom, Inc. |
||||||||
| 4.35%, 02/15/2030 |
8,177,000 | 8,085,625 | ||||||
| 5.05%, 04/15/2030 |
4,679,000 | 4,754,964 | ||||||
| Intel Corp., 5.13%, 02/10/2030 |
7,311,000 | 7,405,956 | ||||||
| Lam Research Corp., 1.90%, 06/15/2030 |
4,390,000 | 3,870,479 | ||||||
| Microchip Technology, Inc., 5.05%, 02/15/2030(b) |
5,602,000 | 5,620,146 | ||||||
| QUALCOMM, Inc., 2.15%, 05/20/2030(b) . |
7,018,000 | 6,326,668 | ||||||
| Texas Instruments, Inc., 1.75%, 05/04/2030 |
4,392,000 | 3,883,846 | ||||||
| Xilinx, Inc., 2.38%, 06/01/2030 |
4,392,000 | 3,988,187 | ||||||
|
|
|
|||||||
| 47,800,081 | ||||||||
|
|
|
|||||||
| Software-1.92% |
||||||||
| Adobe, Inc., 4.95%, 01/17/2030 |
3,865,000 | 3,961,471 | ||||||
| Autodesk, Inc., 2.85%, 01/15/2030 |
2,930,000 | 2,717,867 | ||||||
| Intuit, Inc., 1.65%, 07/15/2030(b) |
2,929,000 | 2,559,771 | ||||||
| Oracle Corp., 4.65%, 05/06/2030 |
4,390,000 | 4,394,607 | ||||||
| ServiceNow, Inc., 1.40%, 09/01/2030 |
8,767,000 | 7,503,753 | ||||||
| Synopsys, Inc., 4.85%, 04/01/2030(b) |
9,000,000 | 9,091,133 | ||||||
|
|
|
|||||||
| 30,228,602 | ||||||||
|
|
|
|||||||
| Specialized REITs-1.58% |
||||||||
| American Tower Corp. |
||||||||
| 2.90%, 01/15/2030 |
4,315,000 | 3,986,114 | ||||||
| 5.00%, 01/31/2030 |
3,505,000 | 3,544,262 | ||||||
| 4.90%, 03/15/2030 |
1,440,000 | 1,448,969 | ||||||
| 2.10%, 06/15/2030 |
4,314,000 | 3,792,981 | ||||||
| 1.88%, 10/15/2030 |
4,591,000 | 3,944,449 | ||||||
| Extra Space Storage L.P., 5.50%, 07/01/2030 |
4,300,000 | 4,408,195 | ||||||
| Prologis L.P., 1.25%, 10/15/2030 |
4,419,000 | 3,737,088 | ||||||
|
|
|
|||||||
| 24,862,058 | ||||||||
|
|
|
|||||||
| Specialty Retail-2.17% |
||||||||
| AutoNation, Inc., 4.75%, 06/01/2030(b) |
2,930,000 | 2,877,058 | ||||||
| AutoZone, Inc., 5.13%, 06/15/2030 |
1,800,000 | 1,829,082 | ||||||
| Best Buy Co., Inc., 1.95%, 10/01/2030 |
3,808,000 | 3,267,443 | ||||||
| Dell International LLC/EMC Corp. |
||||||||
| 4.35%, 02/01/2030(b) |
4,099,000 | 4,029,433 | ||||||
| 5.00%, 04/01/2030 |
3,904,000 | 3,926,137 | ||||||
| 6.20%, 07/15/2030 |
4,382,000 | 4,643,011 | ||||||
| Leidos, Inc., 4.38%, 05/15/2030(b) |
4,386,000 | 4,272,252 | ||||||
| Lowe’s Cos., Inc., 1.70%, 10/15/2030 |
7,333,000 | 6,315,332 | ||||||
| Tractor Supply Co., 1.75%, 11/01/2030 |
3,705,000 | 3,163,640 | ||||||
|
|
|
|||||||
| 34,323,388 | ||||||||
|
|
|
|||||||
| Technology Hardware, Storage & Peripherals-1.34% |
|
|||||||
| Apple, Inc. |
||||||||
| 4.15%, 05/10/2030(b) |
2,928,000 | 2,940,652 | ||||||
| 1.65%, 05/11/2030(b) |
9,669,000 | 8,547,134 | ||||||
| 1.25%, 08/20/2030 |
6,842,000 | 5,887,609 | ||||||
| NetApp, Inc., 2.70%, 06/22/2030(b) |
4,096,000 | 3,691,818 | ||||||
|
|
|
|||||||
| 21,067,213 | ||||||||
|
|
|
|||||||
| Textiles, Apparel & Luxury Goods-0.53% |
| |||||||
| Ralph Lauren Corp., 2.95%, 06/15/2030 |
4,284,000 | 3,949,649 | ||||||
| Tapestry, Inc., 5.10%, 03/11/2030 |
4,410,000 | 4,411,367 | ||||||
|
|
|
|||||||
| 8,361,016 | ||||||||
|
|
|
|||||||
| Principal Amount |
Value | |||||||
| Tobacco-2.15% |
||||||||
| Altria Group, Inc., 3.40%, 05/06/2030 |
$ | 4,401,000 | $ | 4,130,660 | ||||
| B.A.T. Capital Corp. (United Kingdom), 6.34%, 08/02/2030 |
5,850,000 | 6,241,319 | ||||||
| Philip Morris International, Inc. |
||||||||
| 5.13%, 02/15/2030(b) |
12,111,000 | 12,376,626 | ||||||
| 2.10%, 05/01/2030(b) |
4,126,000 | 3,672,249 | ||||||
| 5.50%, 09/07/2030 |
3,866,000 | 4,015,894 | ||||||
| 1.75%, 11/01/2030 |
4,128,000 | 3,558,427 | ||||||
|
|
|
|||||||
| 33,995,175 | ||||||||
|
|
|
|||||||
| Trading Companies & Distributors-0.65% |
| |||||||
| Air Lease Corp. |
||||||||
| 3.00%, 02/01/2030(b) |
3,800,000 | 3,523,982 | ||||||
| 3.13%, 12/01/2030 |
4,383,000 | 4,007,850 | ||||||
| GATX Corp., 4.00%, 06/30/2030 |
2,924,000 | 2,801,424 | ||||||
|
|
|
|||||||
| 10,333,256 | ||||||||
|
|
|
|||||||
| Water Utilities-0.34% |
||||||||
| American Water Capital Corp., 2.80%, 05/01/2030 |
2,917,000 | 2,676,737 | ||||||
| Essential Utilities, Inc., 2.70%, 04/15/2030 |
2,930,000 | 2,670,031 | ||||||
|
|
|
|||||||
| 5,346,768 | ||||||||
|
|
|
|||||||
| Total U.S. Dollar Denominated Bonds & Notes |
1,561,333,676 | |||||||
|
|
|
|||||||
| Shares | ||||||||
| Money Market Funds-0.17% |
||||||||
| Invesco Government & Agency Portfolio, Institutional Class, 4.24%(c)(d) |
2,610,446 | 2,610,446 | ||||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral
from securities on loan)-99.10% |
1,563,944,122 | |||||||
|
|
|
|||||||
| Investments Purchased with Cash Collateral from Securities on Loan |
|
|||||||
| Money Market Funds-12.25% |
|
|||||||
| Invesco Private Government Fund, 4.29%(c)(d)(e) |
53,679,334 | 53,679,334 | ||||||
| Invesco Private Prime Fund, 4.45%(c)(d)(e) |
139,660,834 | 139,688,766 | ||||||
|
|
|
|||||||
| Total Investments Purchased with Cash Collateral from Securities on
Loan |
|
193,368,100 | ||||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN
SECURITIES-111.35% |
|
1,757,312,222 | ||||||
| OTHER ASSETS LESS LIABILITIES-(11.35)% |
|
(179,139,897 | ) | |||||
|
|
|
|||||||
| NET ASSETS-100.00% |
$ | 1,578,172,325 | ||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2030 Corporate Bond ETF (BSCU)–(continued)
May 31, 2025
(Unaudited)
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) | All or a portion of this security was out on loan at May 31, 2025. |
| (c) | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the nine months ended May 31, 2025. |
| Value August 31, 2024 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized Appreciation (Depreciation) |
Realized Gain (Loss) |
Value May 31, 2025 |
Dividend Income | |||||||||||||||||||||||||||||
| Investments in Affiliated Money Market Funds: | |||||||||||||||||||||||||||||||||||
| Invesco Government & Agency Portfolio, Institutional Class | $ | 446,802 | $ | 49,905,981 | $ | (47,742,337 | ) | $ | - | $ | - | $ | 2,610,446 | $ | 95,082 | ||||||||||||||||||||
| Investments Purchased with Cash Collateral from Securities on Loan: | |||||||||||||||||||||||||||||||||||
| Invesco Private Government Fund | 29,502,257 | 209,914,701 | (185,737,624 | ) | - | - | 53,679,334 | 1,501,265 | * | ||||||||||||||||||||||||||
| Invesco Private Prime Fund | 77,390,647 | 489,408,184 | (427,082,121 | ) | (13,170 | ) | (14,774 | ) | 139,688,766 | 4,033,235 | * | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||
| Total | $ | 107,339,706 | $ | 749,228,866 | $ | (660,562,082 | ) | $ | (13,170 | ) | $ | (14,774 | ) | $ | 195,978,546 | $ | 5,629,582 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||
| * | Represents the income earned on the investment of cash collateral. 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 May 31, 2025. |
| (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. |
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments(a)
Invesco BulletShares 2031 Corporate Bond ETF (BSCV)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| U.S. Dollar Denominated Bonds & Notes-99.03% |
| |||||||
| Aerospace & Defense-2.88% |
||||||||
| Boeing Co. (The) |
||||||||
| 3.63%, 02/01/2031 |
$ | 5,221,000 | $ | 4,869,101 | ||||
| 6.39%, 05/01/2031 |
3,735,000 | 3,987,250 | ||||||
| General Dynamics Corp., 2.25%, 06/01/2031 |
1,830,000 | 1,612,523 | ||||||
| Howmet Aerospace, Inc., 4.85%, 10/15/2031 |
1,867,000 | 1,868,807 | ||||||
| L3Harris Technologies, Inc. |
||||||||
| 1.80%, 01/15/2031 |
2,421,000 | 2,061,308 | ||||||
| 5.25%, 06/01/2031 |
2,839,000 | 2,897,193 | ||||||
| Lockheed Martin Corp., 4.70%, 12/15/2031 |
2,241,000 | 2,253,925 | ||||||
| RTX Corp. |
||||||||
| 6.00%, 03/15/2031 |
3,742,000 | 3,975,934 | ||||||
| 1.90%, 09/01/2031 |
3,726,000 | 3,145,394 | ||||||
| Textron, Inc., 2.45%, 03/15/2031 |
1,854,000 | 1,618,577 | ||||||
|
|
|
|||||||
| 28,290,012 | ||||||||
|
|
|
|||||||
| Automobiles-4.15% |
||||||||
| American Honda Finance Corp. |
||||||||
| 1.80%, 01/13/2031 |
2,043,000 | 1,734,861 | ||||||
| 5.05%, 07/10/2031 |
2,800,000 | 2,817,083 | ||||||
| 4.85%, 10/23/2031 |
2,619,000 | 2,597,070 | ||||||
| Ford Motor Co., 7.45%, 07/16/2031 |
3,999,000 | 4,253,037 | ||||||
| Ford Motor Credit Co. LLC |
||||||||
| 6.05%, 03/05/2031 |
3,736,000 | 3,661,075 | ||||||
| 3.63%, 06/17/2031 |
3,760,000 | 3,236,783 | ||||||
| 6.05%, 11/05/2031 |
4,698,000 | 4,579,271 | ||||||
| Mercedes-Benz Finance North America LLC (Germany), 8.50%, 01/18/2031 |
5,607,000 | 6,601,567 | ||||||
| Toyota Motor Corp. (Japan), 2.36%, 03/25/2031 |
1,841,000 | 1,628,219 | ||||||
| Toyota Motor Credit Corp. |
||||||||
| 1.65%, 01/10/2031 |
2,053,000 | 1,752,063 | ||||||
| 5.10%, 03/21/2031 |
3,400,000 | 3,459,031 | ||||||
| 1.90%, 09/12/2031 |
1,903,000 | 1,612,659 | ||||||
| 4.60%, 10/10/2031 |
2,830,000 | 2,805,744 | ||||||
|
|
|
|||||||
| 40,738,463 | ||||||||
|
|
|
|||||||
| Banks-2.57% |
||||||||
| Banco Santander S.A. (Spain), 5.44%, 07/15/2031 |
5,605,000 | 5,758,772 | ||||||
| Bank of Montreal (Canada), 5.51%, 06/04/2031 |
2,991,000 | 3,092,895 | ||||||
| Mizuho Financial Group, Inc. (Japan), 2.56%, 09/13/2031 |
3,732,000 | 3,208,419 | ||||||
| Royal Bank of Canada (Canada), 2.30%, 11/03/2031 |
5,629,000 | 4,874,209 | ||||||
| Sumitomo Mitsui Financial Group, Inc. (Japan) |
||||||||
| 1.71%, 01/12/2031 |
1,880,000 | 1,594,297 | ||||||
| 5.42%, 07/09/2031 |
3,401,000 | 3,496,298 | ||||||
| 2.22%, 09/17/2031 |
3,735,000 | 3,204,187 | ||||||
|
|
|
|||||||
| 25,229,077 | ||||||||
|
|
|
|||||||
| Beverages-2.31% |
||||||||
| Anheuser-Busch InBev Worldwide, Inc. (Belgium), 4.90%, 01/23/2031 |
2,799,000 | 2,854,867 | ||||||
| Coca-Cola Co. (The) |
||||||||
| 2.00%, 03/05/2031 |
2,782,000 | 2,457,842 | ||||||
| 1.38%, 03/15/2031 |
4,875,000 | 4,148,130 | ||||||
| Principal Amount |
Value | |||||||
| Beverages-(continued) |
||||||||
| Constellation Brands, Inc., 2.25%, 08/01/2031 |
$ | 3,718,000 | $ | 3,188,269 | ||||
| Keurig Dr Pepper, Inc. 2.25%, 03/15/2031(b) |
1,861,000 | 1,625,483 | ||||||
| Series 10, 5.20%, 03/15/2031 |
1,904,000 | 1,941,669 | ||||||
| PepsiCo, Inc. |
||||||||
| 1.40%, 02/25/2031(b) |
2,833,000 | 2,403,148 | ||||||
| 1.95%, 10/21/2031 |
4,688,000 | 4,021,162 | ||||||
|
|
|
|||||||
| 22,640,570 | ||||||||
|
|
|
|||||||
| Biotechnology-1.19% |
||||||||
| AbbVie, Inc., 4.95%, 03/15/2031 |
7,455,000 | 7,579,522 | ||||||
| Amgen, Inc., 2.30%, 02/25/2031 |
4,651,000 | 4,082,890 | ||||||
|
|
|
|||||||
| 11,662,412 | ||||||||
|
|
|
|||||||
| Broadline Retail-1.26% |
||||||||
| Amazon.com, Inc., 2.10%, 05/12/2031 |
11,213,000 | 9,883,611 | ||||||
| eBay, Inc., 2.60%, 05/10/2031 |
2,795,000 | 2,475,182 | ||||||
|
|
|
|||||||
| 12,358,793 | ||||||||
|
|
|
|||||||
| Building Products-0.61% |
||||||||
| Carrier Global Corp., 2.70%, 02/15/2031 |
2,793,000 | 2,511,838 | ||||||
| Johnson Controls International PLC/Tyco |
||||||||
| Fire & Security Finance S.C.A., 2.00%, 09/16/2031 |
1,860,000 | 1,577,791 | ||||||
| Masco Corp., 2.00%, 02/15/2031 |
2,227,000 | 1,882,771 | ||||||
|
|
|
|||||||
| 5,972,400 | ||||||||
|
|
|
|||||||
| Capital Markets-3.53% |
||||||||
| Ares Capital Corp., 3.20%, 11/15/2031 |
2,615,000 | 2,252,135 | ||||||
| Bank of New York Mellon Corp. (The) |
||||||||
| 1.65%, 01/28/2031 |
1,857,000 | 1,592,613 | ||||||
| 1.80%, 07/28/2031 |
1,855,000 | 1,588,899 | ||||||
| BlackRock, Inc., 1.90%, 01/28/2031 |
4,675,000 | 4,069,023 | ||||||
| Blue Owl Credit Income Corp., 6.65%, 03/15/2031 |
2,793,000 | 2,842,908 | ||||||
| Brookfield Finance, Inc. (Canada), 2.72%, 04/15/2031 |
1,868,000 | 1,660,750 | ||||||
| Charles Schwab Corp. (The) |
||||||||
| 1.65%, 03/11/2031 |
2,806,000 | 2,374,836 | ||||||
| 2.30%, 05/13/2031 |
2,793,000 | 2,452,806 | ||||||
| 1.95%, 12/01/2031 |
3,156,000 | 2,651,700 | ||||||
| Jefferies Financial Group, Inc., 2.63%, 10/15/2031 |
3,740,000 | 3,192,295 | ||||||
| Moody’s Corp., 2.00%, 08/19/2031 |
2,232,000 | 1,908,610 | ||||||
| Nasdaq, Inc., 1.65%, 01/15/2031 |
2,420,000 | 2,061,893 | ||||||
| Nomura Holdings, Inc. (Japan), 2.61%, 07/14/2031 |
3,764,000 | 3,278,875 | ||||||
| State Street Corp., 2.20%, 03/03/2031 |
3,175,000 | 2,765,184 | ||||||
|
|
|
|||||||
| 34,692,527 | ||||||||
|
|
|
|||||||
| Chemicals-0.43% |
||||||||
| Air Products and Chemicals, Inc., 4.75%, 02/08/2031 |
2,303,000 | 2,323,998 | ||||||
| Ecolab, Inc., 1.30%, 01/30/2031 |
2,230,000 | 1,874,881 | ||||||
|
|
|
|||||||
| 4,198,879 | ||||||||
|
|
|
|||||||
| Commercial Services & Supplies-1.17% |
| |||||||
| CDW LLC/CDW Finance Corp., 3.57%, 12/01/2031 |
3,740,000 | 3,393,615 | ||||||
| Republic Services, Inc., 1.45%, 02/15/2031 |
2,418,000 | 2,036,860 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2031 Corporate Bond ETF (BSCV)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Commercial Services & Supplies-(continued) |
| |||||||
| Waste Management, Inc. |
||||||||
| 1.50%, 03/15/2031 |
$ | 3,760,000 | $ | 3,179,046 | ||||
| 4.95%, 07/03/2031 |
2,801,000 | 2,846,086 | ||||||
|
|
|
|||||||
| 11,455,607 | ||||||||
|
|
|
|||||||
| Communications Equipment-1.26% |
||||||||
| Cisco Systems, Inc., 4.95%, 02/26/2031 |
9,344,000 | 9,535,316 | ||||||
| Motorola Solutions, Inc., 2.75%, 05/24/2031 |
3,156,000 | 2,797,180 | ||||||
|
|
|
|||||||
| 12,332,496 | ||||||||
|
|
|
|||||||
| Construction Materials-0.54% |
||||||||
| Eagle Materials, Inc., 2.50%, 07/01/2031 |
2,789,000 | 2,428,536 | ||||||
| Martin Marietta Materials, Inc., 2.40%, 07/15/2031 |
3,350,000 | 2,916,943 | ||||||
|
|
|
|||||||
| 5,345,479 | ||||||||
|
|
|
|||||||
| Consumer Finance-2.72% |
||||||||
| Ally Financial, Inc. |
||||||||
| 8.00%, 11/01/2031 |
7,460,000 | 8,351,101 | ||||||
| 8.00%, 11/01/2031 |
1,844,000 | 2,057,467 | ||||||
| General Motors Financial Co., Inc. |
||||||||
| 2.35%, 01/08/2031 |
3,735,000 | 3,187,288 | ||||||
| 5.75%, 02/08/2031 |
3,740,000 | 3,782,818 | ||||||
| 2.70%, 06/10/2031 |
3,736,000 | 3,207,459 | ||||||
| 5.60%, 06/18/2031 |
3,734,000 | 3,750,484 | ||||||
| Synchrony Financial, 2.88%, 10/28/2031 |
2,786,000 | 2,362,964 | ||||||
|
|
|
|||||||
| 26,699,581 | ||||||||
|
|
|
|||||||
| Consumer Staples Distribution & Retail-1.08% |
| |||||||
| Dollar Tree, Inc., 2.65%, 12/01/2031 |
2,990,000 | 2,587,316 | ||||||
| Kroger Co. (The), 1.70%, 01/15/2031 |
1,860,000 | 1,579,899 | ||||||
| Walmart, Inc., 1.80%, 09/22/2031 |
7,480,000 | 6,447,725 | ||||||
|
|
|
|||||||
| 10,614,940 | ||||||||
|
|
|
|||||||
| Containers & Packaging-0.58% |
||||||||
| Amcor Flexibles North America, Inc., 2.69%, 05/25/2031 |
2,995,000 | 2,644,071 | ||||||
| Berry Global, Inc., 5.80%, 06/15/2031 |
2,975,000 | 3,090,747 | ||||||
|
|
|
|||||||
| 5,734,818 | ||||||||
|
|
|
|||||||
| Diversified REITs-0.98% |
||||||||
| American Assets Trust L.P., 3.38%, 02/01/2031 |
1,866,000 | 1,633,488 | ||||||
| COPT Defense Properties L.P., 2.75%, 04/15/2031 |
2,230,000 | 1,936,590 | ||||||
| DOC DR LLC, 2.63%, 11/01/2031 |
1,902,000 | 1,647,496 | ||||||
| VICI Properties L.P., 5.13%, 11/15/2031 |
2,808,000 | 2,770,869 | ||||||
| W.P. Carey, Inc., 2.40%, 02/01/2031 |
1,886,000 | 1,636,827 | ||||||
|
|
|
|||||||
| 9,625,270 | ||||||||
|
|
|
|||||||
| Diversified Telecommunication Services-4.11% |
|
|||||||
| AT&T, Inc., 2.75%, 06/01/2031 |
11,186,000 | 10,014,542 | ||||||
| Orange S.A. (France), 9.00%, 03/01/2031 |
9,174,000 | 11,081,292 | ||||||
| Verizon Communications, Inc. |
||||||||
| 1.75%, 01/20/2031 |
8,366,000 | 7,134,595 | ||||||
| 2.55%, 03/21/2031 |
13,727,000 | 12,162,101 | ||||||
|
|
|
|||||||
| 40,392,530 | ||||||||
|
|
|
|||||||
| Electric Utilities-5.27% |
||||||||
| Appalachian Power Co., Series AA, 2.70%, 04/01/2031 |
1,860,000 | 1,645,987 | ||||||
| Baltimore Gas and Electric Co., 2.25%, 06/15/2031 |
2,230,000 | 1,957,270 | ||||||
| Principal Amount |
Value | |||||||
| Electric Utilities-(continued) |
||||||||
| Berkshire Hathaway Energy Co., 1.65%, 05/15/2031 |
$ | 1,898,000 | $ | 1,595,703 | ||||
| Consolidated Edison Co. of New York, Inc., 2.40%, 06/15/2031(b) |
3,346,000 | 2,963,686 | ||||||
| Duke Energy Carolinas LLC, 2.55%, 04/15/2031 |
2,055,000 | 1,830,701 | ||||||
| Duke Energy Corp., 2.55%, 06/15/2031 |
3,741,000 | 3,284,792 | ||||||
| Duke Energy Florida LLC, 2.40%, 12/15/2031 |
2,415,000 | 2,101,566 | ||||||
| Duke Energy Progress LLC, 2.00%, 08/15/2031 |
2,416,000 | 2,068,240 | ||||||
| Entergy Corp., 2.40%, 06/15/2031 |
2,424,000 | 2,113,090 | ||||||
| Entergy Texas, Inc., 1.75%, 03/15/2031 |
2,230,000 | 1,899,653 | ||||||
| Eversource Energy, 5.85%, 04/15/2031 |
2,616,000 | 2,726,490 | ||||||
| Exelon Corp., 5.13%, 03/15/2031 |
1,870,000 | 1,895,086 | ||||||
| Georgia Power Co., 4.85%, 03/15/2031 |
1,890,000 | 1,914,573 | ||||||
| Pacific Gas and Electric Co., 2.50%, 02/01/2031 |
7,580,000 | 6,521,099 | ||||||
| PacifiCorp, 5.30%, 02/15/2031 |
2,630,000 | 2,674,540 | ||||||
| PG&E Wildfire Recovery Funding LLC, Series A-1, 4.02%, 06/01/2031 |
1,785,250 | 1,758,752 | ||||||
| Progress Energy, Inc., 7.75%, 03/01/2031 |
2,430,000 | 2,772,804 | ||||||
| Public Service Co. of Colorado, 1.88%, 06/15/2031 |
2,784,000 | 2,358,464 | ||||||
| Southern California Edison Co., 5.45%, 06/01/2031 |
2,806,000 | 2,827,497 | ||||||
| Virginia Electric & Power Co., 2.30%, 11/15/2031 |
1,884,000 | 1,629,468 | ||||||
| Virginia Power Fuel Securitization LLC, |
||||||||
| Series A-2, 4.88%, 05/01/2031 |
3,150,000 | 3,175,569 | ||||||
|
|
|
|||||||
| 51,715,030 | ||||||||
|
|
|
|||||||
| Electrical Equipment-0.33% |
||||||||
| Emerson Electric Co., 2.20%, 12/21/2031 |
3,737,000 | 3,248,099 | ||||||
|
|
|
|||||||
| Electronic Equipment, Instruments & Components-1.00% |
| |||||||
| Amphenol Corp., 2.20%, 09/15/2031 |
2,807,000 | 2,433,336 | ||||||
| Jabil, Inc., 3.00%, 01/15/2031 |
2,253,000 | 2,024,471 | ||||||
| Teledyne Technologies, Inc., 2.75%, 04/01/2031 |
3,842,000 | 3,420,220 | ||||||
| Vontier Corp., 2.95%, 04/01/2031 |
2,232,000 | 1,967,081 | ||||||
|
|
|
|||||||
| 9,845,108 | ||||||||
|
|
|
|||||||
| Energy Equipment & Services-0.17% |
||||||||
| Helmerich & Payne, Inc., 2.90%, 09/29/2031 |
2,088,000 | 1,704,212 | ||||||
|
|
|
|||||||
| Entertainment-1.11% |
||||||||
| Electronic Arts, Inc., 1.85%, 02/15/2031 |
2,800,000 | 2,404,892 | ||||||
| Walt Disney Co. (The), 2.65%, 01/13/2031 |
9,317,000 | 8,491,513 | ||||||
|
|
|
|||||||
| 10,896,405 | ||||||||
|
|
|
|||||||
| Financial Services-2.97% |
||||||||
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland), 5.38%, 12/15/2031 |
2,805,000 | 2,828,989 | ||||||
| Apollo Debt Solutions BDC, 6.70%, 07/29/2031 |
3,720,000 | 3,825,413 | ||||||
| Blackstone Private Credit Fund, 6.25%, 01/25/2031 |
1,841,000 | 1,877,948 | ||||||
| Block, Inc., 3.50%, 06/01/2031 |
2,400,000 | 2,170,397 | ||||||
| Blue Owl Finance LLC, 3.13%, 06/10/2031 |
2,590,000 | 2,262,746 | ||||||
| Fidelity National Information Services, Inc., 2.25%, 03/01/2031 |
3,062,000 | 2,648,562 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2031 Corporate Bond ETF (BSCV)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Financial Services-(continued) |
||||||||
| Fiserv, Inc., 5.35%, 03/15/2031(b) |
$ | 1,873,000 | $ | 1,915,622 | ||||
| Global Payments, Inc., 2.90%, 11/15/2031 |
2,802,000 | 2,435,534 | ||||||
| Mastercard, Inc. |
||||||||
| 1.90%, 03/15/2031 |
2,230,000 | 1,950,218 | ||||||
| 2.00%, 11/18/2031 |
2,782,000 | 2,396,399 | ||||||
| ORIX Corp. (Japan), 2.25%, 03/09/2031 |
1,920,000 | 1,668,660 | ||||||
| Visa, Inc., 1.10%, 02/15/2031 |
3,761,000 | 3,181,946 | ||||||
|
|
|
|||||||
| 29,162,434 | ||||||||
|
|
|
|||||||
| Food Products-1.56% |
||||||||
| Bunge Ltd. Finance Corp., 2.75%, 05/14/2031 |
3,722,000 | 3,335,324 | ||||||
| Flowers Foods, Inc., 2.40%, 03/15/2031 |
1,861,000 | 1,603,969 | ||||||
| General Mills, Inc., 2.25%, 10/14/2031 |
1,860,000 | 1,595,988 | ||||||
| Kellanova, Series B, 7.45%, 04/01/2031 |
2,335,000 | 2,643,987 | ||||||
| McCormick & Co., Inc., 1.85%, 02/15/2031 |
1,854,000 | 1,577,497 | ||||||
| Mondelez International, Inc., 1.50%, 02/04/2031 |
1,860,000 | 1,567,423 | ||||||
| Pilgrim’s Pride Corp., 4.25%, 04/15/2031(b) |
3,163,000 | 2,995,548 | ||||||
|
|
|
|||||||
| 15,319,736 | ||||||||
|
|
|
|||||||
| Gas Utilities-0.52% |
||||||||
| Atmos Energy Corp., 1.50%, 01/15/2031 |
2,232,000 | 1,887,731 | ||||||
| National Fuel Gas Co., 2.95%, 03/01/2031 |
1,854,000 | 1,638,849 | ||||||
| Southern Co. Gas Capital Corp., Series 20-A, 1.75%, 01/15/2031 |
1,903,000 | 1,618,529 | ||||||
|
|
|
|||||||
| 5,145,109 | ||||||||
|
|
|
|||||||
| Ground Transportation-0.97% |
||||||||
| Canadian Pacific Railway Co. (Canada), 2.45%, 12/02/2031 |
5,226,000 | 4,528,716 | ||||||
| Norfolk Southern Corp., 2.30%, 05/15/2031 |
1,864,000 | 1,633,842 | ||||||
| Union Pacific Corp., 2.38%, 05/20/2031 |
3,743,000 | 3,322,784 | ||||||
|
|
|
|||||||
| 9,485,342 | ||||||||
|
|
|
|||||||
| Health Care Equipment & Supplies-1.40% |
| |||||||
| Baxter International, Inc., 1.73%, 04/01/2031 |
2,417,000 | 2,034,689 | ||||||
| Becton, Dickinson and Co., 1.96%, 02/11/2031 |
3,721,000 | 3,192,532 | ||||||
| Solventum Corp., 5.45%, 03/13/2031 |
3,720,000 | 3,809,674 | ||||||
| STERIS Irish FinCo Unlimited Co., 2.70%, 03/15/2031 |
2,510,000 | 2,227,277 | ||||||
| Zimmer Biomet Holdings, Inc., 2.60%, 11/24/2031 |
2,792,000 | 2,437,687 | ||||||
|
|
|
|||||||
| 13,701,859 | ||||||||
|
|
|
|||||||
| Health Care Providers & Services-7.33% |
| |||||||
| Cencora, Inc., 2.70%, 03/15/2031 |
3,722,000 | 3,322,027 | ||||||
| Centene Corp. |
||||||||
| 2.50%, 03/01/2031 |
8,222,000 | 6,986,256 | ||||||
| 2.63%, 08/01/2031 |
4,855,000 | 4,115,298 | ||||||
| Cigna Group (The) |
||||||||
| 2.38%, 03/15/2031 |
5,595,000 | 4,894,201 | ||||||
| 5.13%, 05/15/2031 |
2,794,000 | 2,841,299 | ||||||
| CommonSpirit Health, 5.21%, 12/01/2031 |
2,890,000 | 2,921,710 | ||||||
| CVS Health Corp. |
||||||||
| 5.25%, 01/30/2031 |
2,795,000 | 2,819,182 | ||||||
| 1.88%, 02/28/2031 |
4,685,500 | 3,938,242 | ||||||
| 5.55%, 06/01/2031 |
3,709,000 | 3,792,079 | ||||||
| 2.13%, 09/15/2031 |
3,730,000 | 3,124,307 | ||||||
| Principal Amount |
Value | |||||||
| Health Care Providers & Services-(continued) |
|
|||||||
| Elevance Health, Inc. |
||||||||
| 2.55%, 03/15/2031 |
$ | 3,763,000 | $ | 3,331,772 | ||||
| 4.95%, 11/01/2031 |
2,804,000 | 2,807,903 | ||||||
| HCA, Inc. |
||||||||
| 5.45%, 04/01/2031 |
6,520,000 | 6,640,888 | ||||||
| 2.38%, 07/15/2031 |
3,158,000 | 2,702,746 | ||||||
| Humana, Inc., 5.38%, 04/15/2031 |
5,623,000 | 5,661,126 | ||||||
| Laboratory Corp. of America Holdings, 2.70%, 06/01/2031 |
1,853,000 | 1,646,027 | ||||||
| Quest Diagnostics, Inc., 2.80%, 06/30/2031 |
2,045,000 | 1,831,507 | ||||||
| UnitedHealth Group, Inc. |
||||||||
| 4.90%, 04/15/2031 |
3,756,000 | 3,765,191 | ||||||
| 2.30%, 05/15/2031 |
5,604,000 | 4,865,040 | ||||||
|
|
|
|||||||
| 72,006,801 | ||||||||
|
|
|
|||||||
| Health Care REITs-1.85% |
||||||||
| Alexandria Real Estate Equities, Inc., 3.38%, 08/15/2031 |
2,818,000 | 2,550,839 | ||||||
| Healthcare Realty Holdings L.P., 2.00%, 03/15/2031 |
2,992,000 | 2,516,072 | ||||||
| Healthpeak OP LLC, 2.88%, 01/15/2031 |
2,227,000 | 2,000,417 | ||||||
| Omega Healthcare Investors, Inc., 3.38%, 02/01/2031 |
2,636,000 | 2,379,603 | ||||||
| Sabra Health Care L.P., 3.20%, 12/01/2031 |
2,995,000 | 2,610,112 | ||||||
| Ventas Realty L.P., 2.50%, 09/01/2031 |
1,861,000 | 1,618,741 | ||||||
| Welltower OP LLC |
||||||||
| 2.75%, 01/15/2031 |
2,231,000 | 2,013,752 | ||||||
| 2.80%, 06/01/2031 |
2,787,000 | 2,494,139 | ||||||
|
|
|
|||||||
| 18,183,675 | ||||||||
|
|
|
|||||||
| Hotels, Restaurants & Leisure-0.74% |
||||||||
| Expedia Group, Inc., 2.95%, 03/15/2031 |
1,859,000 | 1,670,304 | ||||||
| Marriott International, Inc., Series HH, 2.85%, 04/15/2031 |
4,111,000 | 3,680,559 | ||||||
| Starbucks Corp., 4.90%, 02/15/2031 |
1,866,000 | 1,881,788 | ||||||
|
|
|
|||||||
| 7,232,651 | ||||||||
|
|
|
|||||||
| Household Products-0.53% |
||||||||
| Kimberly-Clark Corp., 2.00%, 11/02/2031(b) |
2,230,000 | 1,945,208 | ||||||
| Procter & Gamble Co. (The), 1.95%, 04/23/2031 |
3,716,000 | 3,265,572 | ||||||
|
|
|
|||||||
| 5,210,780 | ||||||||
|
|
|
|||||||
| Independent Power and Renewable Electricity Producers-0.33% |
| |||||||
| AES Corp. (The), 2.45%, 01/15/2031 |
3,730,000 | 3,191,509 | ||||||
|
|
|
|||||||
| Industrial Conglomerates-0.68% |
||||||||
| Honeywell International, Inc. |
||||||||
| 1.75%, 09/01/2031 |
5,594,000 | 4,708,926 | ||||||
| 4.95%, 09/01/2031 |
1,900,000 | 1,933,282 | ||||||
|
|
|
|||||||
| 6,642,208 | ||||||||
|
|
|
|||||||
| Insurance-1.98% |
||||||||
| Aon Corp./Aon Global Holdings PLC, 2.60%, 12/02/2031 |
1,860,000 | 1,627,299 | ||||||
| Aon North America, Inc., 5.30%, 03/01/2031 |
2,431,000 | 2,492,756 | ||||||
| Assured Guaranty US Holdings, Inc., 3.15%, 06/15/2031 |
1,859,000 | 1,695,156 | ||||||
| Brown & Brown, Inc., 2.38%, 03/15/2031 |
2,618,000 | 2,271,612 | ||||||
| Fidelity National Financial, Inc., 2.45%, 03/15/2031 |
2,230,000 | 1,910,751 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2031 Corporate Bond ETF (BSCV)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Insurance-(continued) |
||||||||
| First American Financial Corp., 2.40%, 08/15/2031 |
$ | 2,417,000 | $ | 2,048,836 | ||||
| Lincoln National Corp., 3.40%, 01/15/2031 . |
1,855,000 | 1,703,794 | ||||||
| Marsh & McLennan Cos., Inc., 4.85%, 11/15/2031 |
3,758,000 | 3,776,152 | ||||||
| Primerica, Inc., 2.80%, 11/19/2031 |
2,228,000 | 1,948,314 | ||||||
|
|
|
|||||||
| 19,474,670 | ||||||||
|
|
|
|||||||
| Interactive Media & Services-0.38% |
||||||||
| Meta Platforms, Inc., 4.55%, 08/15/2031 |
3,760,000 | 3,773,542 | ||||||
|
|
|
|||||||
| IT Services-0.47% |
||||||||
| Kyndryl Holdings, Inc., 3.15%, 10/15/2031(b) |
2,415,000 | 2,142,290 | ||||||
| VeriSign, Inc., 2.70%, 06/15/2031 |
2,811,000 | 2,471,263 | ||||||
|
|
|
|||||||
| 4,613,553 | ||||||||
|
|
|
|||||||
| Leisure Products-0.17% |
||||||||
| Brunswick Corp., 2.40%, 08/18/2031 |
2,044,000 | 1,688,167 | ||||||
|
|
|
|||||||
| Life Sciences Tools & Services-1.00% |
| |||||||
| Agilent Technologies, Inc., 2.30%, 03/12/2031 |
3,170,000 | 2,771,978 | ||||||
| Illumina, Inc., 2.55%, 03/23/2031 |
1,852,000 | 1,595,429 | ||||||
| Revvity, Inc., 2.25%, 09/15/2031 |
1,858,000 | 1,563,114 | ||||||
| Thermo Fisher Scientific, Inc., 2.00%, 10/15/2031(b) |
4,465,000 | 3,840,736 | ||||||
|
|
|
|||||||
| 9,771,257 | ||||||||
|
|
|
|||||||
| Machinery-2.37% |
||||||||
| Caterpillar, Inc., 1.90%, 03/12/2031 |
1,875,000 | 1,634,215 | ||||||
| Cummins, Inc., 4.70%, 02/15/2031 |
2,610,000 | 2,601,902 | ||||||
| IDEX Corp., 2.63%, 06/15/2031 |
1,863,000 | 1,637,528 | ||||||
| Ingersoll Rand, Inc., 5.31%, 06/15/2031 |
1,866,000 | 1,910,598 | ||||||
| John Deere Capital Corp. |
||||||||
| 1.45%, 01/15/2031 |
2,229,000 | 1,901,426 | ||||||
| 4.90%, 03/07/2031 |
3,196,000 | 3,244,907 | ||||||
| 2.00%, 06/17/2031 |
2,232,000 | 1,934,641 | ||||||
| 4.40%, 09/08/2031 |
4,490,000 | 4,445,530 | ||||||
| Otis Worldwide Corp., 5.13%, 11/19/2031 |
2,259,000 | 2,291,410 | ||||||
| Xylem, Inc., 2.25%, 01/30/2031 |
1,868,000 | 1,636,165 | ||||||
|
|
|
|||||||
| 23,238,322 | ||||||||
|
|
|
|||||||
| Media-2.48% |
||||||||
| Charter Communications Operating LLC/ |
||||||||
| Charter Communications Operating Capital Corp., 2.80%, 04/01/2031 |
5,953,000 | 5,228,839 | ||||||
| Comcast Corp. |
||||||||
| 1.95%, 01/15/2031 |
5,579,000 | 4,830,023 | ||||||
| 1.50%, 02/15/2031 |
6,525,000 | 5,500,457 | ||||||
| Interpublic Group of Cos., Inc. (The), 2.40%, 03/01/2031 |
1,860,000 | 1,637,159 | ||||||
| Omnicom Group, Inc., 2.60%, 08/01/2031 |
2,970,000 | 2,613,565 | ||||||
| Paramount Global, 4.95%, 01/15/2031 |
4,698,000 | 4,549,902 | ||||||
|
|
|
|||||||
| 24,359,945 | ||||||||
|
|
|
|||||||
| Metals & Mining-0.18% |
||||||||
| Steel Dynamics, Inc., 3.25%, 01/15/2031 |
1,880,000 | 1,727,220 | ||||||
|
|
|
|||||||
| Multi-Utilities-1.42% |
||||||||
| Ameren Corp., 3.50%, 01/15/2031 |
2,994,000 | 2,792,306 | ||||||
| CenterPoint Energy, Inc., 2.65%, 06/01/2031 |
1,860,000 | 1,631,729 | ||||||
| Consumers Energy Co., 4.50%, 01/15/2031 |
50,000 | 49,679 | ||||||
| Principal Amount |
Value | |||||||
| Multi-Utilities-(continued) |
||||||||
| Dominion Energy, Inc., Series C, 2.25%, 08/15/2031 |
$ | 3,166,000 | $ | 2,714,276 | ||||
| DTE Electric Co., Series C, 2.63%, 03/01/2031 |
2,233,000 | 2,008,191 | ||||||
| NiSource, Inc., 1.70%, 02/15/2031 |
2,810,000 | 2,376,655 | ||||||
| Public Service Enterprise Group, Inc., 2.45%, 11/15/2031 |
2,787,000 | 2,409,598 | ||||||
|
|
|
|||||||
| 13,982,434 | ||||||||
|
|
|
|||||||
| Office REITs-0.43% |
||||||||
| Boston Properties L.P., 3.25%, 01/30/2031 |
4,680,000 | 4,220,343 | ||||||
|
|
|
|||||||
| Oil, Gas & Consumable Fuels-5.99% |
||||||||
| Boardwalk Pipelines L.P., 3.40%, 02/15/2031 |
1,862,000 | 1,702,027 | ||||||
| Burlington Resources LLC, 7.20%, 08/15/2031 |
1,666,000 | 1,878,677 | ||||||
| Cheniere Energy Partners L.P., 4.00%, 03/01/2031 |
5,601,000 | 5,250,271 | ||||||
| Devon Energy Corp., 7.88%, 09/30/2031 |
2,512,000 | 2,849,748 | ||||||
| Diamondback Energy, Inc., 3.13%, 03/24/2031 |
2,869,000 | 2,590,725 | ||||||
| Hess Corp., 7.30%, 08/15/2031 |
2,341,000 | 2,623,741 | ||||||
| HF Sinclair Corp., 5.75%, 01/15/2031 |
2,430,000 | 2,444,610 | ||||||
| Kinder Morgan, Inc. |
||||||||
| 2.00%, 02/15/2031 |
2,800,000 | 2,409,350 | ||||||
| 7.80%, 08/01/2031 |
2,027,000 | 2,305,127 | ||||||
| Occidental Petroleum Corp. |
||||||||
| 6.13%, 01/01/2031 |
4,272,000 | 4,352,339 | ||||||
| 7.50%, 05/01/2031 |
3,247,000 | 3,497,142 | ||||||
| ONEOK, Inc. |
||||||||
| 6.35%, 01/15/2031 |
2,246,000 | 2,371,060 | ||||||
| 4.75%, 10/15/2031 |
4,662,000 | 4,552,869 | ||||||
| Ovintiv, Inc., 7.38%, 11/01/2031 |
1,868,000 | 1,996,008 | ||||||
| Phillips 66 Co., 5.25%, 06/15/2031 |
4,509,000 | 4,566,884 | ||||||
| Pioneer Natural Resources Co., 2.15%, 01/15/2031 |
3,729,000 | 3,266,433 | ||||||
| Targa Resources Partners L.P./Targa |
||||||||
| Resources Partners Finance Corp., 4.88%, 02/01/2031 |
3,741,000 | 3,649,944 | ||||||
| Valero Energy Corp., 2.80%, 12/01/2031 |
1,719,000 | 1,500,346 | ||||||
| Williams Cos., Inc. (The), 2.60%, 03/15/2031 |
5,609,000 | 4,965,324 | ||||||
|
|
|
|||||||
| 58,772,625 | ||||||||
|
|
|
|||||||
| Personal Care Products-0.47% |
||||||||
| Estee Lauder Cos., Inc. (The), 1.95%, 03/15/2031(b) |
2,229,000 | 1,914,027 | ||||||
| Unilever Capital Corp. (United Kingdom), 1.75%, 08/12/2031 |
3,160,000 | 2,711,374 | ||||||
|
|
|
|||||||
| 4,625,401 | ||||||||
|
|
|
|||||||
| Pharmaceuticals-3.47% |
||||||||
| AstraZeneca Finance LLC (United Kingdom) |
||||||||
| 4.90%, 02/26/2031 |
3,731,000 | 3,802,672 | ||||||
| 2.25%, 05/28/2031 |
2,836,000 | 2,503,281 | ||||||
| Bristol-Myers Squibb Co. |
||||||||
| 5.75%, 02/01/2031 |
3,730,000 | 3,947,857 | ||||||
| 5.10%, 02/22/2031 |
4,697,000 | 4,810,450 | ||||||
| Johnson & Johnson, 4.90%, 06/01/2031 |
4,287,000 | 4,401,105 | ||||||
| Merck & Co., Inc., 2.15%, 12/10/2031 |
7,460,000 | 6,443,715 | ||||||
| Novartis Capital Corp., 4.00%, 09/18/2031 |
3,160,000 | 3,077,334 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2031 Corporate Bond ETF (BSCV)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Pharmaceuticals-(continued) |
||||||||
| Pfizer, Inc., 1.75%, 08/18/2031(b) |
$ | 3,760,000 | $ | 3,212,543 | ||||
| Royalty Pharma PLC, 2.15%, 09/02/2031 |
2,230,000 | 1,885,689 | ||||||
|
|
|
|||||||
| 34,084,646 | ||||||||
|
|
|
|||||||
| Professional Services-0.66% |
||||||||
| Broadridge Financial Solutions, Inc., 2.60%, 05/01/2031 |
3,733,000 | 3,287,712 | ||||||
| Equifax, Inc., 2.35%, 09/15/2031 |
3,729,000 | 3,201,248 | ||||||
|
|
|
|||||||
| 6,488,960 | ||||||||
|
|
|
|||||||
| Real Estate Management & Development-0.17% |
|
|||||||
| CBRE Services, Inc., 2.50%, 04/01/2031 |
1,858,000 | 1,621,825 | ||||||
|
|
|
|||||||
| Residential REITs-0.82% |
||||||||
| AvalonBay Communities, Inc., 2.45%, 01/15/2031 |
2,250,000 | 1,998,138 | ||||||
| ERP Operating L.P., 1.85%, 08/01/2031 |
1,861,000 | 1,582,039 | ||||||
| Invitation Homes Operating Partnership L.P., 2.00%, 08/15/2031 |
2,420,000 | 2,027,144 | ||||||
| Sun Communities Operating L.P., 2.70%, 07/15/2031 |
2,786,000 | 2,428,116 | ||||||
|
|
|
|||||||
| 8,035,437 | ||||||||
|
|
|
|||||||
| Retail REITs-0.89% |
||||||||
| Brixmor Operating Partnership L.P., 2.50%, 08/16/2031 |
1,860,000 | 1,600,275 | ||||||
| Kimco Realty OP LLC, 2.25%, 12/01/2031 |
1,853,000 | 1,579,063 | ||||||
| Realty Income Corp., 3.25%, 01/15/2031 |
3,555,000 | 3,285,140 | ||||||
| Simon Property Group L.P., 2.20%, 02/01/2031 |
2,605,000 | 2,280,626 | ||||||
|
|
|
|||||||
| 8,745,104 | ||||||||
|
|
|
|||||||
| Semiconductors & Semiconductor Equipment-2.89% |
| |||||||
| Analog Devices, Inc., 2.10%, 10/01/2031 |
3,721,000 | 3,216,990 | ||||||
| Broadcom, Inc., 5.15%, 11/15/2031 |
5,613,000 | 5,716,411 | ||||||
| Intel Corp. |
||||||||
| 5.00%, 02/21/2031(b) |
1,865,000 | 1,870,076 | ||||||
| 2.00%, 08/12/2031 |
4,669,000 | 3,937,132 | ||||||
| Marvell Technology, Inc., 2.95%, 04/15/2031 |
2,797,000 | 2,501,909 | ||||||
| Micron Technology, Inc., 5.30%, 01/15/2031 |
3,755,000 | 3,779,545 | ||||||
| NVIDIA Corp., 2.00%, 06/15/2031 |
4,672,000 | 4,100,318 | ||||||
| Skyworks Solutions, Inc., 3.00%, 06/01/2031 |
1,866,000 | 1,626,008 | ||||||
| Texas Instruments, Inc., 1.90%, 09/15/2031 |
1,860,000 | 1,601,779 | ||||||
|
|
|
|||||||
| 28,350,168 | ||||||||
|
|
|
|||||||
| Software-3.75% |
||||||||
| Accenture Capital, Inc., 4.25%, 10/04/2031. |
4,490,000 | 4,410,703 | ||||||
| AppLovin Corp., 5.38%, 12/01/2031 |
3,727,000 | 3,762,958 | ||||||
| Autodesk, Inc., 2.40%, 12/15/2031 |
3,742,000 | 3,226,246 | ||||||
| Fortinet, Inc., 2.20%, 03/15/2031 |
1,865,000 | 1,623,912 | ||||||
| Oracle Corp., 2.88%, 03/25/2031 |
12,151,000 | 10,958,616 | ||||||
| Roper Technologies, Inc., 1.75%, 02/15/2031 |
3,739,000 | 3,170,214 | ||||||
| Salesforce, Inc., 1.95%, 07/15/2031 |
5,596,000 | 4,848,772 | ||||||
| VMware LLC, 2.20%, 08/15/2031 |
5,593,000 | 4,779,422 | ||||||
|
|
|
|||||||
| 36,780,843 | ||||||||
|
|
|
|||||||
| Principal Amount |
Value | |||||||
| Specialized REITs-2.92% |
||||||||
| American Tower Corp. |
||||||||
| 2.70%, 04/15/2031 |
$ | 2,601,000 | $ | 2,303,267 | ||||
| 2.30%, 09/15/2031 |
2,605,000 | 2,232,205 | ||||||
| Crown Castle, Inc. |
||||||||
| 2.25%, 01/15/2031 |
4,101,000 | 3,532,100 | ||||||
| 2.10%, 04/01/2031 |
3,761,000 | 3,178,714 | ||||||
| 2.50%, 07/15/2031 |
2,796,000 | 2,401,464 | ||||||
| Equinix, Inc., 2.50%, 05/15/2031 |
3,736,000 | 3,282,911 | ||||||
| Extra Space Storage L.P. |
||||||||
| 5.90%, 01/15/2031 |
2,240,000 | 2,337,586 | ||||||
| 2.40%, 10/15/2031 |
2,246,000 | 1,913,929 | ||||||
| GLP Capital L.P./GLP Financing II, Inc., 4.00%, 01/15/2031 |
2,606,000 | 2,431,599 | ||||||
| Prologis L.P., 4.75%, 01/15/2031 |
1,136,000 | 1,139,969 | ||||||
| Public Storage Operating Co. |
||||||||
| 2.30%, 05/01/2031 |
2,413,000 | 2,117,371 | ||||||
| 2.25%, 11/09/2031 |
2,046,000 | 1,762,975 | ||||||
|
|
|
|||||||
| 28,634,090 | ||||||||
|
|
|
|||||||
| Specialty Retail-2.62% |
||||||||
| AutoZone, Inc., 1.65%, 01/15/2031 |
2,233,000 | 1,892,631 | ||||||
| Home Depot, Inc. (The) |
||||||||
| 1.38%, 03/15/2031 |
4,664,000 | 3,908,316 | ||||||
| 4.85%, 06/25/2031 |
3,734,000 | 3,796,032 | ||||||
| 1.88%, 09/15/2031 |
3,763,000 | 3,210,287 | ||||||
| Leidos, Inc., 2.30%, 02/15/2031 |
3,719,000 | 3,214,112 | ||||||
| Lowe’s Cos., Inc., 2.63%, 04/01/2031 |
5,611,000 | 5,004,521 | ||||||
| O’Reilly Automotive, Inc., 1.75%, 03/15/2031 |
1,855,000 | 1,575,026 | ||||||
| Ross Stores, Inc., 1.88%, 04/15/2031 |
1,863,000 | 1,578,119 | ||||||
| TJX Cos., Inc. (The), 1.60%, 05/15/2031 |
1,860,000 | 1,584,774 | ||||||
|
|
|
|||||||
| 25,763,818 | ||||||||
|
|
|
|||||||
| Technology Hardware, Storage & Peripherals-2.23% |
|
|||||||
| Apple, Inc. |
||||||||
| 1.65%, 02/08/2031 |
10,283,000 | 8,900,529 | ||||||
| 1.70%, 08/05/2031 |
3,733,000 | 3,207,289 | ||||||
| Hewlett Packard Enterprise Co., 4.85%, 10/15/2031 |
4,680,000 | 4,644,981 | ||||||
| HP, Inc., 2.65%, 06/17/2031 |
3,728,000 | 3,228,333 | ||||||
| IBM International Capital Pte. Ltd., 4.75%, 02/05/2031 |
1,873,000 | 1,879,571 | ||||||
|
|
|
|||||||
| 21,860,703 | ||||||||
|
|
|
|||||||
| Tobacco-1.52% |
||||||||
| B.A.T. Capital Corp. (United Kingdom) |
||||||||
| 5.83%, 02/20/2031 |
3,171,000 | 3,305,055 | ||||||
| 2.73%, 03/25/2031 |
4,645,000 | 4,130,465 | ||||||
| Philip Morris International, Inc. |
||||||||
| 5.13%, 02/13/2031 |
4,659,000 | 4,740,412 | ||||||
| 4.75%, 11/01/2031 |
2,786,000 | 2,780,399 | ||||||
|
|
|
|||||||
| 14,956,331 | ||||||||
|
|
|
|||||||
| Trading Companies & Distributors-0.23% |
| |||||||
| Air Lease Corp., 5.20%, 07/15/2031 |
2,247,000 | 2,274,115 | ||||||
|
|
|
|||||||
| Water Utilities-0.18% |
||||||||
| American Water Capital Corp., 2.30%, 06/01/2031 |
2,059,000 | 1,790,809 | ||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2031 Corporate Bond ETF (BSCV)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Wireless Telecommunication Services-1.21% |
| |||||||
| T-Mobile USA, Inc. |
||||||||
| 2.88%, 02/15/2031 |
$ | 3,721,000 | $ | 3,350,972 | ||||
| 3.50%, 04/15/2031 |
9,133,000 | 8,492,068 | ||||||
|
|
|
|||||||
| 11,843,040 | ||||||||
|
|
|
|||||||
| Total U.S. Dollar Denominated Bonds & Notes |
|
972,152,180 | ||||||
|
|
|
|||||||
| Shares | ||||||||
| Money Market Funds-0.02% |
||||||||
| Invesco Government & Agency Portfolio, Institutional Class, 4.24%(c)(d) |
166,029 | 166,029 | ||||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash
collateral from securities on loan)-99.05% |
|
972,318,209 | ||||||
|
|
|
|||||||
| Shares |
Value |
|||||||
| Investments Purchased with Cash Collateral from Securities on Loan |
|
|||||||
| Money Market Funds-1.40% |
||||||||
| Invesco Private Government Fund, 4.29%(c)(d)(e) |
3,821,399 | $ | 3,821,399 | |||||
| Invesco Private Prime Fund, 4.45%(c)(d)(e) |
9,949,074 | 9,951,064 | ||||||
|
|
|
|||||||
| Total Investments Purchased with Cash Collateral from Securities on
Loan |
|
13,772,463 | ||||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN SECURITIES-100.45% |
|
986,090,672 | ||||||
| OTHER ASSETS LESS LIABILITIES-(0.45)% |
|
(4,403,394 | ) | |||||
|
|
|
|||||||
| NET ASSETS-100.00% |
$ | 981,687,278 | ||||||
|
|
|
|||||||
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) | All or a portion of this security was out on loan at May 31, 2025. |
| (c) | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the nine months ended May 31, 2025. |
| Value August 31, 2024 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized Appreciation (Depreciation) |
Realized Gain (Loss) |
Value May 31, 2025 |
Dividend Income | |||||||||||||||||||||||||||||
| Investments in Affiliated Money Market Funds: | |||||||||||||||||||||||||||||||||||
| Invesco Government & Agency Portfolio, Institutional Class | $ | 45,840 | $ | 29,180,827 | $ | (29,060,638 | ) | $ | - | $ | - | $ | 166,029 | $ | 68,433 | ||||||||||||||||||||
| Investments Purchased with Cash Collateral from Securities on Loan: | |||||||||||||||||||||||||||||||||||
| Invesco Private Government Fund | 3,527,136 | 36,835,787 | (36,541,524 | ) | - | - | 3,821,399 | 131,453 | * | ||||||||||||||||||||||||||
| Invesco Private Prime Fund | 9,205,772 | 71,762,129 | (71,014,829 | ) | (531 | ) | (1,477 | ) | 9,951,064 | 349,326 | * | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||
| Total | $ | 12,778,748 | $ | 137,778,743 | $ | (136,616,991 | ) | $ | (531 | ) | $ | (1,477 | ) | $ | 13,938,492 | $ | 549,212 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||
| * | Represents the income earned on the investment of cash collateral. 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 May 31, 2025. |
| (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. |
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments(a)
Invesco BulletShares 2032 Corporate Bond ETF (BSCW)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| U.S. Dollar Denominated Bonds & Notes-98.94% |
| |||||||
| Aerospace & Defense-1.31% |
||||||||
| General Electric Co., 6.75%, 03/15/2032 |
$ | 4,600,000 | $ | 5,136,993 | ||||
| Lockheed Martin Corp., 3.90%, 06/15/2032. |
2,858,000 | 2,716,682 | ||||||
| RTX Corp., 2.38%, 03/15/2032 |
3,565,000 | 3,046,963 | ||||||
|
|
|
|||||||
| 10,900,638 | ||||||||
|
|
|
|||||||
| Automobiles-2.73% |
||||||||
| Ford Motor Co. |
||||||||
| 3.25%, 02/12/2032 |
8,740,500 | 7,216,450 | ||||||
| 6.10%, 08/19/2032 |
6,118,000 | 5,978,219 | ||||||
| Ford Motor Credit Co. LLC, 6.53%, 03/19/2032 |
2,680,000 | 2,671,928 | ||||||
| General Motors Co., 5.60%, 10/15/2032 |
4,399,000 | 4,379,309 | ||||||
| Honda Motor Co. Ltd. (Japan), 2.97%, 03/10/2032 |
2,840,000 | 2,510,384 | ||||||
|
|
|
|||||||
| 22,756,290 | ||||||||
|
|
|
|||||||
| Banks-4.31% |
||||||||
| Bank of Nova Scotia (The) (Canada), 2.45%, 02/02/2032 |
3,030,000 | 2,597,699 | ||||||
| Canadian Imperial Bank of Commerce (Canada), 3.60%, 04/07/2032 |
3,560,000 | 3,269,435 | ||||||
| Citigroup, Inc., 6.63%, 06/15/2032 |
3,480,000 | 3,745,888 | ||||||
| Citizens Financial Group, Inc., 2.64%, 09/30/2032 |
2,302,000 | 1,887,060 | ||||||
| KeyBank N.A., 4.90%, 08/08/2032 |
2,835,000 | 2,675,119 | ||||||
| Royal Bank of Canada (Canada), 3.88%, 05/04/2032 |
3,560,000 | 3,360,086 | ||||||
| Sumitomo Mitsui Financial Group, Inc. (Japan), 5.45%, 01/15/2032 |
2,260,000 | 2,319,383 | ||||||
| Toronto-Dominion Bank (The) (Canada) |
||||||||
| 2.45%, 01/12/2032 |
2,151,000 | 1,855,793 | ||||||
| 5.30%, 01/30/2032 |
2,633,000 | 2,670,993 | ||||||
| 3.20%, 03/10/2032 |
5,261,000 | 4,714,227 | ||||||
| 4.46%, 06/08/2032 |
7,030,000 | 6,815,247 | ||||||
|
|
|
|||||||
| 35,910,930 | ||||||||
|
|
|
|||||||
| Beverages-1.51% |
||||||||
| Constellation Brands, Inc., 4.75%, 05/09/2032 |
2,651,000 | 2,601,943 | ||||||
| Diageo Capital PLC (United Kingdom), 2.13%, 04/29/2032 |
2,825,000 | 2,373,826 | ||||||
| Keurig Dr Pepper, Inc., 4.05%, 04/15/2032(b) |
3,219,000 | 3,061,490 | ||||||
| PepsiCo, Inc., 3.90%, 07/18/2032 |
4,730,000 | 4,511,308 | ||||||
|
|
|
|||||||
| 12,548,567 | ||||||||
|
|
|
|||||||
| Biotechnology-0.74% |
||||||||
| Amgen, Inc. |
||||||||
| 2.00%, 01/15/2032 |
3,511,000 | 2,951,715 | ||||||
| 3.35%, 02/22/2032 |
3,528,000 | 3,226,270 | ||||||
|
|
|
|||||||
| 6,177,985 | ||||||||
|
|
|
|||||||
| Broadline Retail-1.97% |
||||||||
| Amazon.com, Inc. |
||||||||
| 3.60%, 04/13/2032 |
8,782,000 | 8,315,935 | ||||||
| 4.70%, 12/01/2032 |
7,997,000 | 8,075,661 | ||||||
|
|
|
|||||||
| 16,391,596 | ||||||||
|
|
|
|||||||
| Building Products-0.19% |
||||||||
| Carlisle Cos., Inc., 2.20%, 03/01/2032 |
1,910,000 | 1,594,882 | ||||||
|
|
|
|||||||
| Principal Amount |
Value | |||||||
| Capital Markets-4.67% |
||||||||
| Ameriprise Financial, Inc., 4.50%, 05/13/2032 |
$ | 1,890,000 | $ | 1,853,136 | ||||
| Ares Capital Corp., 5.80%, 03/08/2032 |
3,550,000 | 3,500,173 | ||||||
| BlackRock, Inc., 2.10%, 02/25/2032 |
3,495,000 | 2,979,706 | ||||||
| Brookfield Finance I (UK) PLC/Brookfield Finance, Inc. (Canada), 2.34%, 01/30/2032 |
2,270,000 | 1,902,134 | ||||||
| Charles Schwab Corp. (The), 2.90%, 03/03/2032 |
3,535,000 | 3,123,755 | ||||||
| CME Group, Inc., 2.65%, 03/15/2032 |
2,640,000 | 2,338,540 | ||||||
| Credit Suisse (USA) LLC (Switzerland), 7.13%, 07/15/2032 |
2,585,000 | 2,892,854 | ||||||
| FactSet Research Systems, Inc., 3.45%, 03/01/2032 |
1,881,000 | 1,696,875 | ||||||
| Jefferies Financial Group, Inc., 2.75%, 10/15/2032 |
1,742,000 | 1,447,841 | ||||||
| Moody’s Corp., 4.25%, 08/08/2032 |
1,894,000 | 1,834,989 | ||||||
| Morgan Stanley, 7.25%, 04/01/2032 |
3,506,000 | 3,997,638 | ||||||
| Nomura Holdings, Inc. (Japan), 3.00%, 01/22/2032 |
2,840,000 | 2,477,256 | ||||||
| Northern Trust Corp., 6.13%, 11/02/2032 |
3,565,000 | 3,795,644 | ||||||
| S&P Global, Inc., 2.90%, 03/01/2032 |
5,654,000 | 5,071,641 | ||||||
|
|
|
|||||||
| 38,912,182 | ||||||||
|
|
|
|||||||
| Chemicals-1.39% |
||||||||
| Albemarle Corp., 5.05%, 06/01/2032(b) |
2,260,000 | 2,098,016 | ||||||
| Celanese US Holdings LLC, 6.63%, 07/15/2032(b) |
3,540,000 | 3,625,491 | ||||||
| Ecolab, Inc., 2.13%, 02/01/2032 |
2,460,000 | 2,096,171 | ||||||
| Nutrien Ltd. (Canada), 5.25%, 03/12/2032 . |
2,130,000 | 2,141,392 | ||||||
| Sherwin-Williams Co. (The), 2.20%, 03/15/2032 |
1,886,000 | 1,600,100 | ||||||
|
|
|
|||||||
| 11,561,170 | ||||||||
|
|
|
|||||||
| Commercial Services & Supplies-1.78% |
|
|||||||
| Cintas Corp. No. 2, 4.00%, 05/01/2032 |
2,818,000 | 2,693,188 | ||||||
| Republic Services, Inc., 1.75%, 02/15/2032 |
2,626,000 | 2,181,042 | ||||||
| Waste Connections, Inc. |
||||||||
| 2.20%, 01/15/2032 |
2,295,000 | 1,955,577 | ||||||
| 3.20%, 06/01/2032 |
1,831,000 | 1,648,115 | ||||||
| Waste Management, Inc. |
||||||||
| 4.80%, 03/15/2032 |
2,674,000 | 2,679,073 | ||||||
| 4.15%, 04/15/2032 |
3,790,000 | 3,654,825 | ||||||
|
|
|
|||||||
| 14,811,820 | ||||||||
|
|
|
|||||||
| Communications Equipment-0.55% |
||||||||
| Cisco Systems, Inc., 4.95%, 02/24/2032 |
2,252,000 | 2,283,835 | ||||||
| Motorola Solutions, Inc., 5.60%, 06/01/2032 |
2,271,000 | 2,335,075 | ||||||
|
|
|
|||||||
| 4,618,910 | ||||||||
|
|
|
|||||||
| Construction & Engineering-0.18% |
||||||||
| Quanta Services, Inc., 2.35%, 01/15/2032 |
1,740,000 | 1,466,549 | ||||||
|
|
|
|||||||
| Consumer Finance-0.95% |
||||||||
| Discover Financial Services, 6.70%, 11/29/2032 |
2,625,000 | 2,825,607 | ||||||
| General Motors Financial Co., Inc. |
||||||||
| 3.10%, 01/12/2032 |
4,400,000 | 3,794,211 | ||||||
| 5.63%, 04/04/2032 |
1,320,000 | 1,310,151 | ||||||
|
|
|
|||||||
| 7,929,969 | ||||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2032 Corporate Bond ETF (BSCW)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Consumer Staples Distribution & Retail-1.66% |
|
|||||||
| Costco Wholesale Corp., 1.75%, 04/20/2032 |
$ | 3,790,000 | $ | 3,199,272 | ||||
| Dollar General Corp., 5.00%, 11/01/2032 |
2,628,000 | 2,585,882 | ||||||
| Target Corp., 4.50%, 09/15/2032 |
3,790,000 | 3,734,627 | ||||||
| Walmart, Inc., 4.15%, 09/09/2032 |
4,400,000 | 4,311,292 | ||||||
|
|
|
|||||||
| 13,831,073 | ||||||||
|
|
|
|||||||
| Containers & Packaging-0.57% |
||||||||
| Avery Dennison Corp., 2.25%, 02/15/2032 |
1,740,000 | 1,455,094 | ||||||
| Sonoco Products Co., 2.85%, 02/01/2032(b) |
1,740,000 | 1,510,887 | ||||||
| WRKCo, Inc., 4.20%, 06/01/2032 |
1,890,000 | 1,787,789 | ||||||
|
|
|
|||||||
| 4,753,770 | ||||||||
|
|
|
|||||||
| Distributors-0.20% |
||||||||
| Genuine Parts Co., 2.75%, 02/01/2032 |
1,890,000 | 1,623,958 | ||||||
|
|
|
|||||||
| Diversified REITs-0.83% |
| |||||||
| CubeSmart L.P., 2.50%, 02/15/2032 |
1,740,000 | 1,474,685 | ||||||
| VICI Properties L.P., 5.13%, 05/15/2032 |
5,503,000 | 5,396,219 | ||||||
|
|
|
|||||||
| 6,870,904 | ||||||||
|
|
|
|||||||
| Diversified Telecommunication Services-3.30% |
||||||||
| AT&T, Inc., 2.25%, 02/01/2032 |
8,688,000 | 7,374,207 | ||||||
| Bell Canada (Canada), Series US-5, 2.15%, 02/15/2032(b) |
1,485,000 | 1,234,961 | ||||||
| Deutsche Telekom International Finance B.V. (Germany), 9.25%, 06/01/2032 |
1,766,000 | 2,194,310 | ||||||
| TELUS Corp. (Canada), 3.40%, 05/13/2032 |
3,405,000 | 3,041,686 | ||||||
| Verizon Communications, Inc., 2.36%, 03/15/2032 |
15,957,000 | 13,614,929 | ||||||
|
|
|
|||||||
| 27,460,093 | ||||||||
|
|
|
|||||||
| Electric Utilities-8.16% |
||||||||
| AEP Texas, Inc., 4.70%, 05/15/2032 |
1,880,000 | 1,822,558 | ||||||
| Alabama Power Co., 3.05%, 03/15/2032 |
2,440,000 | 2,193,188 | ||||||
| American Electric Power Co., Inc., 5.95%, 11/01/2032 |
1,892,000 | 1,974,701 | ||||||
| Appalachian Power Co., Series BB, 4.50%, 08/01/2032 |
1,740,000 | 1,668,672 | ||||||
| CenterPoint Energy Houston Electric LLC, Series AI, 4.45%, 10/01/2032 |
1,886,000 | 1,828,180 | ||||||
| Duke Energy Carolinas LLC, 2.85%, 03/15/2032 |
1,738,000 | 1,536,929 | ||||||
| Duke Energy Corp., 4.50%, 08/15/2032 |
4,005,000 | 3,852,275 | ||||||
| Duke Energy Progress LLC, 3.40%, 04/01/2032 |
1,740,000 | 1,592,317 | ||||||
| Edison International, 5.25%, 03/15/2032 |
1,910,000 | 1,808,962 | ||||||
| Entergy Louisiana LLC, 2.35%, 06/15/2032 |
1,888,000 | 1,601,995 | ||||||
| Eversource Energy, 3.38%, 03/01/2032 |
2,265,000 | 2,029,515 | ||||||
| Exelon Corp., 3.35%, 03/15/2032 |
1,988,000 | 1,806,247 | ||||||
| Florida Power & Light Co., 2.45%, 02/03/2032 |
5,284,000 | 4,606,311 | ||||||
| Georgia Power Co., 4.70%, 05/15/2032 |
2,439,000 | 2,412,967 | ||||||
| National Rural Utilities Cooperative Finance Corp. |
||||||||
| 2.75%, 04/15/2032 |
1,884,000 | 1,647,139 | ||||||
| 4.02%, 11/01/2032 |
2,263,000 | 2,124,176 | ||||||
| NextEra Energy Capital Holdings, Inc. |
||||||||
| 2.44%, 01/15/2032 |
3,545,000 | 3,029,406 | ||||||
| 5.30%, 03/15/2032 |
2,610,000 | 2,655,259 | ||||||
| 5.00%, 07/15/2032 |
3,466,000 | 3,460,196 | ||||||
| Principal Amount |
Value | |||||||
| Electric Utilities-(continued) |
||||||||
| Oncor Electric Delivery Co. LLC, 4.55%, 09/15/2032 |
$ | 2,433,000 | $ | 2,373,001 | ||||
| Pacific Gas and Electric Co., 5.90%, 06/15/2032 |
2,270,000 | 2,285,511 | ||||||
| Public Service Electric and Gas Co., 3.10%, 03/15/2032 |
1,880,000 | 1,695,799 | ||||||
| San Diego Gas & Electric Co., Series XXX, 3.00%, 03/15/2032 |
1,890,000 | 1,664,403 | ||||||
| Southern California Edison Co. |
||||||||
| 2.75%, 02/01/2032 |
1,888,000 | 1,592,478 | ||||||
| 5.95%, 11/01/2032 |
2,840,000 | 2,885,602 | ||||||
| Southern Co. (The), 5.70%, 10/15/2032 |
1,745,000 | 1,809,362 | ||||||
| Union Electric Co., 2.15%, 03/15/2032 |
1,967,000 | 1,667,942 | ||||||
| Virginia Electric & Power Co., 2.40%, 03/30/2032 |
2,260,000 | 1,929,055 | ||||||
| Wisconsin Electric Power Co., 4.75%, 09/30/2032 |
1,738,000 | 1,739,560 | ||||||
| Wisconsin Power and Light Co., 3.95%, 09/01/2032 |
2,264,000 | 2,110,702 | ||||||
| Xcel Energy, Inc., 4.60%, 06/01/2032 |
2,653,000 | 2,547,113 | ||||||
|
|
|
|||||||
| 67,951,521 | ||||||||
|
|
|
|||||||
| Electrical Equipment-0.25% |
||||||||
| Allegion US Holding Co., Inc., 5.41%, 07/01/2032 |
2,090,000 | 2,120,705 | ||||||
|
|
|
|||||||
| Electronic Equipment, Instruments & Components-0.66% |
| |||||||
| Arrow Electronics, Inc., 2.95%, 02/15/2032 |
1,890,000 | 1,624,484 | ||||||
| Flex Ltd., 5.25%, 01/15/2032 |
1,890,000 | 1,880,597 | ||||||
| Tyco Electronics Group S.A. (Switzerland), 2.50%, 02/04/2032 |
2,275,000 | 1,960,039 | ||||||
|
|
|
|||||||
| 5,465,120 | ||||||||
|
|
|
|||||||
| Entertainment-2.23% |
||||||||
| Take-Two Interactive Software, Inc., 4.00%, 04/14/2032 |
1,761,000 | 1,644,969 | ||||||
| TWDC Enterprises 18 Corp., 7.00%, 03/01/2032 |
1,757,000 | 1,993,008 | ||||||
| WarnerMedia Holdings, Inc., 4.28%, 03/15/2032 |
17,569,000 | 14,914,563 | ||||||
|
|
|
|||||||
| 18,552,540 | ||||||||
|
|
|
|||||||
| Financial Services-5.02% |
||||||||
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland), 3.30%, 01/30/2032 |
13,994,000 | 12,433,988 | ||||||
| Blackstone Private Credit Fund, 6.00%, 01/29/2032(b) |
3,690,000 | 3,687,644 | ||||||
| Corebridge Financial, Inc., 3.90%, 04/05/2032 |
5,320,000 | 4,900,054 | ||||||
| Fidelity National Information Services, Inc., 5.10%, 07/15/2032 |
2,840,000 | 2,848,775 | ||||||
| Global Payments, Inc., 5.40%, 08/15/2032(b) |
2,844,000 | 2,854,675 | ||||||
| Mastercard, Inc. |
||||||||
| 4.35%, 01/15/2032 |
4,350,000 | 4,284,189 | ||||||
| 4.95%, 03/15/2032 |
1,770,000 | 1,804,720 | ||||||
| ORIX Corp. (Japan) |
||||||||
| 4.00%, 04/13/2032 |
1,743,000 | 1,626,498 | ||||||
| 5.20%, 09/13/2032(b) |
1,745,000 | 1,761,693 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2032 Corporate Bond ETF (BSCW)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Financial Services-(continued) |
||||||||
| PayPal Holdings, Inc., 4.40%, 06/01/2032 |
$ | 3,789,000 | $ | 3,691,878 | ||||
| RELX Capital, Inc. (United Kingdom), 4.75%, 05/20/2032 |
1,936,000 | 1,923,788 | ||||||
|
|
|
|||||||
| 41,817,902 | ||||||||
|
|
|
|||||||
| Food Products-1.42% |
||||||||
| Archer-Daniels-Midland Co., 2.90%, 03/01/2032 |
2,845,000 | 2,534,090 | ||||||
| Hershey Co. (The), 4.95%, 02/24/2032 |
975,000 | 988,024 | ||||||
| Kraft Heinz Foods Co., 5.20%, 03/15/2032 |
905,000 | 908,063 | ||||||
| Mondelez International, Inc. |
||||||||
| 3.00%, 03/17/2032 |
2,825,000 | 2,519,738 | ||||||
| 1.88%, 10/15/2032(b) |
2,352,000 | 1,932,551 | ||||||
| Pilgrim’s Pride Corp., 3.50%, 03/01/2032 |
3,366,000 | 2,983,404 | ||||||
|
|
|
|||||||
| 11,865,870 | ||||||||
|
|
|
|||||||
| Gas Utilities-0.66% |
||||||||
| CenterPoint Energy Resources Corp., 4.40%, 07/01/2032 |
1,744,000 | 1,671,866 | ||||||
| Southern Co. Gas Capital Corp., 5.15%, 09/15/2032 |
1,845,000 | 1,842,159 | ||||||
| Southwest Gas Corp., 4.05%, 03/15/2032 |
2,087,000 | 1,944,394 | ||||||
|
|
|
|||||||
| 5,458,419 | ||||||||
|
|
|
|||||||
| Ground Transportation-1.39% |
||||||||
| Canadian National Railway Co. (Canada), 3.85%, 08/05/2032 |
2,801,000 | 2,619,622 | ||||||
| CSX Corp., 4.10%, 11/15/2032 |
3,384,000 | 3,224,310 | ||||||
| Norfolk Southern Corp., 3.00%, 03/15/2032 |
2,110,000 | 1,885,770 | ||||||
| Union Pacific Corp., 2.80%, 02/14/2032 |
4,362,000 | 3,881,137 | ||||||
|
|
|
|||||||
| 11,610,839 | ||||||||
|
|
|
|||||||
| Health Care Equipment & Supplies-1.59% |
||||||||
| Baxter International, Inc., 2.54%, 02/01/2032 |
5,829,000 | 5,000,993 | ||||||
| Becton, Dickinson and Co., 4.30%, 08/22/2032 |
1,880,000 | 1,791,353 | ||||||
| GE HealthCare Technologies, Inc., 5.91%, 11/22/2032 |
6,103,000 | 6,409,156 | ||||||
|
|
|
|||||||
| 13,201,502 | ||||||||
|
|
|
|||||||
| Health Care Providers & Services-3.35% |
||||||||
| Elevance Health, Inc. |
||||||||
| 4.10%, 05/15/2032 |
2,220,000 | 2,093,194 | ||||||
| 5.50%, 10/15/2032 |
2,330,000 | 2,396,339 | ||||||
| HCA, Inc. |
||||||||
| 5.50%, 03/01/2032 |
2,200,000 | 2,227,356 | ||||||
| 3.63%, 03/15/2032 |
7,578,000 | 6,879,319 | ||||||
| Humana, Inc., 2.15%, 02/03/2032 |
2,679,000 | 2,195,756 | ||||||
| Laboratory Corp. of America Holdings, 4.55%, 04/01/2032 |
1,890,000 | 1,846,223 | ||||||
| UnitedHealth Group, Inc. |
||||||||
| 4.95%, 01/15/2032 |
5,290,000 | 5,261,567 | ||||||
| 4.20%, 05/15/2032 |
5,290,000 | 5,030,482 | ||||||
|
|
|
|||||||
| 27,930,236 | ||||||||
|
|
|
|||||||
| Health Care REITs-0.72% |
||||||||
| Alexandria Real Estate Equities, Inc., 2.00%, 05/18/2032 |
3,193,000 | 2,578,127 | ||||||
| Principal Amount |
Value | |||||||
| Health Care REITs-(continued) |
||||||||
| Welltower OP LLC |
||||||||
| 2.75%, 01/15/2032 |
$ | 1,799,000 | $ | 1,582,474 | ||||
| 3.85%, 06/15/2032 |
1,915,000 | 1,794,606 | ||||||
|
|
|
|||||||
| 5,955,207 | ||||||||
|
|
|
|||||||
| Hotels, Restaurants & Leisure-1.46% |
||||||||
| Hyatt Hotels Corp., 5.75%, 03/30/2032 |
804,000 | 811,931 | ||||||
| Marriott International, Inc. |
||||||||
| 5.10%, 04/15/2032 |
1,801,000 | 1,793,780 | ||||||
| Series GG, 3.50%, 10/15/2032 |
3,770,000 | 3,368,298 | ||||||
| McDonald’s Corp., 4.60%, 09/09/2032 |
2,840,000 | 2,814,039 | ||||||
| Starbucks Corp., 3.00%, 02/14/2032 |
3,770,000 | 3,356,726 | ||||||
|
|
|
|||||||
| 12,144,774 | ||||||||
|
|
|
|||||||
| Household Products-1.06% |
||||||||
| Church & Dwight Co., Inc., 5.60%, 11/15/2032 |
1,892,000 | 1,971,142 | ||||||
| Clorox Co. (The), 4.60%, 05/01/2032 |
2,270,000 | 2,241,533 | ||||||
| Colgate-Palmolive Co., 3.25%, 08/15/2032 . |
1,897,000 | 1,742,142 | ||||||
| Procter & Gamble Co. (The), 2.30%, 02/01/2032 |
3,216,000 | 2,856,077 | ||||||
|
|
|
|||||||
| 8,810,894 | ||||||||
|
|
|
|||||||
| Independent Power and Renewable Electricity Producers-0.33% |
| |||||||
| AES Corp. (The), 5.80%, 03/15/2032 |
2,780,000 | 2,757,461 | ||||||
|
|
|
|||||||
| Industrial Conglomerates-0.76% |
||||||||
| Eaton Corp., 4.00%, 11/02/2032 |
2,440,000 | 2,320,187 | ||||||
| GE Capital Funding LLC, 4.55%, 05/15/2032 |
1,720,000 | 1,692,801 | ||||||
| Honeywell International, Inc., 4.75%, 02/01/2032 |
2,325,000 | 2,317,770 | ||||||
|
|
|
|||||||
| 6,330,758 | ||||||||
|
|
|
|||||||
| Insurance-2.40% |
||||||||
| Aon Corp./Aon Global Holdings PLC, 5.00%, 09/12/2032 |
1,889,000 | 1,898,926 | ||||||
| Arthur J. Gallagher & Co., 5.00%, 02/15/2032(b) |
1,740,000 | 1,745,085 | ||||||
| Berkshire Hathaway Finance Corp., 2.88%, 03/15/2032(b) |
3,480,000 | 3,181,603 | ||||||
| Brown & Brown, Inc., 4.20%, 03/17/2032 |
2,260,000 | 2,118,172 | ||||||
| Fairfax Financial Holdings Ltd. (Canada), 5.63%, 08/16/2032 |
2,706,000 | 2,751,132 | ||||||
| Manulife Financial Corp. (Canada), 3.70%, 03/16/2032 |
2,607,000 | 2,428,480 | ||||||
| Marsh & McLennan Cos., Inc., 5.75%, 11/01/2032 |
1,799,000 | 1,894,671 | ||||||
| MetLife, Inc., 6.50%, 12/15/2032 |
2,149,000 | 2,386,506 | ||||||
| Progressive Corp. (The), 3.00%, 03/15/2032 |
1,765,000 | 1,588,665 | ||||||
|
|
|
|||||||
| 19,993,240 | ||||||||
|
|
|
|||||||
| Interactive Media & Services-1.20% |
| |||||||
| Meta Platforms, Inc., 3.85%, 08/15/2032 |
10,518,000 | 9,969,788 | ||||||
|
|
|
|||||||
| IT Services-1.25% |
||||||||
| International Business Machines Corp. |
||||||||
| 2.72%, 02/09/2032 |
1,760,000 | 1,547,426 | ||||||
| 5.00%, 02/10/2032 |
2,990,000 | 3,013,019 | ||||||
| 4.40%, 07/27/2032 |
2,640,000 | 2,560,939 | ||||||
| 5.88%, 11/29/2032 |
2,112,000 | 2,247,510 | ||||||
| VeriSign, Inc., 5.25%, 06/01/2032 |
1,000,000 | 1,008,203 | ||||||
|
|
|
|||||||
| 10,377,097 | ||||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2032 Corporate Bond ETF (BSCW)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Life Sciences Tools & Services-0.60% |
| |||||||
| Bio-Rad Laboratories, Inc., 3.70%, 03/15/2032 |
$ | 3,030,000 | $ | 2,756,509 | ||||
| Thermo Fisher Scientific, Inc., 4.95%, 11/21/2032 |
2,257,000 | 2,275,962 | ||||||
|
|
|
|||||||
| 5,032,471 | ||||||||
|
|
|
|||||||
|
Machinery-0.87% |
| |||||||
| Flowserve Corp., 2.80%, 01/15/2032 |
1,893,000 | 1,605,743 | ||||||
| John Deere Capital Corp. |
||||||||
| 3.90%, 06/07/2032 |
1,852,000 | 1,762,045 | ||||||
| 4.35%, 09/15/2032 |
2,269,000 | 2,219,533 | ||||||
| Stanley Black & Decker, Inc., 3.00%, 05/15/2032 |
1,892,000 | 1,629,063 | ||||||
|
|
|
|||||||
| 7,216,384 | ||||||||
|
|
|
|||||||
| Media-1.22% |
| |||||||
| Charter Communications Operating LLC/ Charter Communications Operating Capital Corp., 2.30%, 02/01/2032(b) |
3,765,000 | 3,104,844 | ||||||
| Comcast Corp., 5.50%, 11/15/2032 |
3,500,000 | 3,629,309 | ||||||
| Paramount Global, 4.20%, 05/19/2032 |
3,770,000 | 3,399,371 | ||||||
|
|
|
|||||||
| 10,133,524 | ||||||||
|
|
|
|||||||
| Metals & Mining-1.01% |
| |||||||
| ArcelorMittal S.A. (Luxembourg), 6.80%, 11/29/2032 |
3,532,000 | 3,823,655 | ||||||
| Newmont Corp., 2.60%, 07/15/2032(b) |
3,136,000 | 2,738,646 | ||||||
| Nucor Corp., 3.13%, 04/01/2032 |
2,080,000 | 1,864,593 | ||||||
|
|
|
|||||||
| 8,426,894 | ||||||||
|
|
|
|||||||
|
Multi-Utilities-0.78% |
| |||||||
| Ameren Illinois Co., 3.85%, 09/01/2032 |
1,890,000 | 1,764,511 | ||||||
| Dominion Energy, Inc., 5.38%, 11/15/2032 |
3,020,000 | 3,054,356 | ||||||
| DTE Electric Co., Series A, 3.00%, 03/01/2032 |
1,883,000 | 1,688,410 | ||||||
|
|
|
|||||||
| 6,507,277 | ||||||||
|
|
|
|||||||
| Office REITs-0.32% |
||||||||
| Boston Properties L.P., 2.55%, 04/01/2032 |
3,220,000 | 2,665,612 | ||||||
|
|
|
|||||||
| Oil, Gas & Consumable Fuels-5.84% |
||||||||
| Boardwalk Pipelines L.P., 3.60%, 09/01/2032 |
1,889,000 | 1,677,341 | ||||||
| BP Capital Markets America, Inc., 2.72%, 01/12/2032 |
7,084,000 | 6,228,768 | ||||||
| Cenovus Energy, Inc. (Canada), 2.65%, 01/15/2032 |
1,891,000 | 1,604,250 | ||||||
| Cheniere Energy Partners L.P., 3.25%, 01/31/2032 |
4,209,000 | 3,694,983 | ||||||
| Chevron USA, Inc., 4.82%, 04/15/2032 |
1,300,000 | 1,312,105 | ||||||
| ConocoPhillips, 5.90%, 10/15/2032 |
1,915,000 | 2,036,014 | ||||||
| ConocoPhillips Co., 4.85%, 01/15/2032 |
2,460,000 | 2,454,139 | ||||||
| Expand Energy Corp., 4.75%, 02/01/2032 |
4,048,000 | 3,819,222 | ||||||
| Kinder Morgan, Inc., 7.75%, 01/15/2032 |
3,803,000 | 4,320,947 | ||||||
| MPLX L.P., 4.95%, 09/01/2032 |
3,474,000 | 3,381,128 | ||||||
| Occidental Petroleum Corp., 5.38%, 01/01/2032 |
3,473,000 | 3,354,891 | ||||||
| ONEOK, Inc., 6.10%, 11/15/2032 |
2,840,000 | 2,955,533 | ||||||
| Suncor Energy, Inc. (Canada), 7.15%, 02/01/2032 |
1,890,000 | 2,044,785 | ||||||
| Targa Resources Partners L.P./Targa Resources Partners Finance Corp., 4.00%, 01/15/2032 |
3,790,000 | 3,467,514 | ||||||
| Principal Amount |
Value | |||||||
| Oil, Gas & Consumable Fuels-(continued) |
|
|||||||
| Valero Energy Corp., 7.50%, 04/15/2032(b) |
$ | 2,571,000 | $ | 2,898,188 | ||||
| Williams Cos., Inc. (The), 4.65%, 08/15/2032 |
3,522,000 | 3,409,815 | ||||||
|
|
|
|||||||
| 48,659,623 | ||||||||
|
|
|
|||||||
| Personal Care Products-0.49% |
||||||||
| Unilever Capital Corp. (United Kingdom), 5.90%, 11/15/2032 |
3,787,000 | 4,094,446 | ||||||
|
|
|
|||||||
| Pharmaceuticals-2.81% |
||||||||
| Bristol-Myers Squibb Co., 2.95%, 03/15/2032 |
6,198,000 | 5,543,831 | ||||||
| Eli Lilly and Co., 4.90%, 02/12/2032 |
3,790,000 | 3,850,097 | ||||||
| Haleon US Capital LLC, 3.63%, 03/24/2032 . |
7,040,000 | 6,526,664 | ||||||
| Johnson & Johnson, 4.85%, 03/01/2032 |
4,400,000 | 4,476,861 | ||||||
| Zoetis, Inc., 5.60%, 11/16/2032 |
2,840,000 | 2,962,738 | ||||||
|
|
|
|||||||
| 23,360,191 | ||||||||
|
|
|
|||||||
| Professional Services-0.65% |
||||||||
| Paychex, Inc., 5.35%, 04/15/2032 |
5,320,000 | 5,401,230 | ||||||
|
|
|
|||||||
| Residential REITs-1.20% |
||||||||
| American Homes 4 Rent L.P., 3.63%, 04/15/2032 |
2,090,000 | 1,898,298 | ||||||
| AvalonBay Communities, Inc., 2.05%, 01/15/2032 |
2,471,000 | 2,098,748 | ||||||
| Essex Portfolio L.P., 2.65%, 03/15/2032 |
2,288,000 | 1,962,690 | ||||||
| Invitation Homes Operating Partnership L.P., 4.15%, 04/15/2032 |
2,270,000 | 2,117,345 | ||||||
| Sun Communities Operating L.P., 4.20%, 04/15/2032 |
2,090,000 | 1,955,304 | ||||||
|
|
|
|||||||
| 10,032,385 | ||||||||
|
|
|
|||||||
| Retail REITs-1.32% |
| |||||||
| Kimco Realty OP LLC, 3.20%, 04/01/2032 |
2,111,000 | 1,888,536 | ||||||
| Realty Income Corp. |
||||||||
| 5.63%, 10/13/2032 |
2,639,000 | 2,730,410 | ||||||
| 2.85%, 12/15/2032 |
2,429,000 | 2,097,785 | ||||||
| Simon Property Group L.P. |
||||||||
| 2.25%, 01/15/2032 |
2,505,000 | 2,135,393 | ||||||
| 2.65%, 02/01/2032 |
2,468,000 | 2,144,021 | ||||||
|
|
|
|||||||
| 10,996,145 | ||||||||
|
|
|
|||||||
| Semiconductors & Semiconductor Equipment-4.12% |
| |||||||
| Advanced Micro Devices, Inc., 3.92%, 06/01/2032(b) |
1,880,000 | 1,789,803 | ||||||
| Broadcom, Inc. |
||||||||
| 4.55%, 02/15/2032 |
3,067,000 | 3,004,230 | ||||||
| 5.20%, 04/15/2032 |
3,900,000 | 3,961,812 | ||||||
| 4.30%, 11/15/2032 |
7,076,000 | 6,761,191 | ||||||
| Intel Corp. |
||||||||
| 4.15%, 08/05/2032 |
4,415,000 | 4,106,923 | ||||||
| 4.00%, 12/15/2032 |
2,646,000 | 2,430,714 | ||||||
| KLA Corp., 4.65%, 07/15/2032 |
3,786,000 | 3,762,671 | ||||||
| Micron Technology, Inc., 2.70%, 04/15/2032 |
3,789,000 | 3,231,393 | ||||||
| QUALCOMM, Inc. |
||||||||
| 1.65%, 05/20/2032 |
4,296,000 | 3,521,940 | ||||||
| 4.25%, 05/20/2032(b) |
1,737,000 | 1,698,092 | ||||||
|
|
|
|||||||
| 34,268,769 | ||||||||
|
|
|
|||||||
|
Software-2.64% |
| |||||||
| Oracle Corp. |
||||||||
| 5.25%, 02/03/2032 |
4,420,000 | 4,488,244 | ||||||
| 6.25%, 11/09/2032 |
7,964,000 | 8,505,542 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2032 Corporate Bond ETF (BSCW)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Software-(continued) |
||||||||
| Roper Technologies, Inc., 4.75%, 02/15/2032 |
$ | 1,890,000 | $ | 1,870,438 | ||||
| Synopsys, Inc., 5.00%, 04/01/2032 |
2,733,000 | 2,738,832 | ||||||
| Workday, Inc., 3.80%, 04/01/2032 |
4,730,000 | 4,389,235 | ||||||
|
|
|
|||||||
| 21,992,291 | ||||||||
|
|
|
|||||||
| Specialized REITs-1.81% |
| |||||||
| American Tower Corp., 4.05%, 03/15/2032 |
2,291,000 | 2,162,243 | ||||||
| Equinix, Inc., 3.90%, 04/15/2032 |
4,545,000 | 4,271,039 | ||||||
| Extra Space Storage L.P., 2.35%, 03/15/2032 |
2,086,000 | 1,740,114 | ||||||
| GLP Capital L.P./GLP Financing II, Inc., 3.25%, 01/15/2032 |
3,030,000 | 2,623,458 | ||||||
| Prologis L.P., 2.25%, 01/15/2032 |
1,691,000 | 1,446,858 | ||||||
| Weyerhaeuser Co., 7.38%, 03/15/2032 |
2,493,000 | 2,795,699 | ||||||
|
|
|
|||||||
| 15,039,411 | ||||||||
|
|
|
|||||||
| Specialty Retail-3.54% |
| |||||||
| AutoNation, Inc., 3.85%, 03/01/2032 |
2,646,000 | 2,392,069 | ||||||
| AutoZone, Inc., 4.75%, 08/01/2032 |
2,845,000 | 2,789,983 | ||||||
| Dell International LLC/EMC Corp., 5.30%, 04/01/2032 |
3,529,000 | 3,545,884 | ||||||
| Dick’s Sporting Goods, Inc., 3.15%, 01/15/2032(b) |
2,821,000 | 2,483,712 | ||||||
| Home Depot, Inc. (The) |
||||||||
| 3.25%, 04/15/2032 |
4,400,000 | 4,022,710 | ||||||
| 4.50%, 09/15/2032 |
4,402,000 | 4,362,012 | ||||||
| Leidos, Inc., 5.40%, 03/15/2032 |
1,800,000 | 1,813,672 | ||||||
| Lowe’s Cos., Inc., 3.75%, 04/01/2032 |
5,322,000 | 4,954,719 | ||||||
| O’Reilly Automotive, Inc., 4.70%, 06/15/2032 |
3,220,000 | 3,151,907 | ||||||
|
|
|
|||||||
| 29,516,668 | ||||||||
|
|
|
|||||||
| Technology Hardware, Storage & Peripherals-1.39% |
| |||||||
| Apple, Inc., 3.35%, 08/08/2032 |
5,681,000 | 5,304,049 | ||||||
| HP, Inc., 4.20%, 04/15/2032 |
2,562,000 | 2,396,446 | ||||||
| NetApp, Inc., 5.50%, 03/17/2032 |
2,200,000 | 2,229,802 | ||||||
| Western Digital Corp., 3.10%, 02/01/2032 |
1,890,000 | 1,633,273 | ||||||
|
|
|
|||||||
| 11,563,570 | ||||||||
|
|
|
|||||||
| Textiles, Apparel & Luxury Goods-0.20% |
||||||||
| Tapestry, Inc., 3.05%, 03/15/2032(b) |
1,890,000 | 1,650,129 | ||||||
|
|
|
|||||||
| Tobacco-2.22% |
||||||||
| Altria Group, Inc., 2.45%, 02/04/2032 |
6,202,000 | 5,266,143 | ||||||
| B.A.T. Capital Corp. (United Kingdom) |
||||||||
| 4.74%, 03/16/2032 |
3,391,000 | 3,320,771 | ||||||
| 5.35%, 08/15/2032 |
1,765,000 | 1,783,478 | ||||||
| 7.75%, 10/19/2032 |
2,261,000 | 2,582,309 | ||||||
| Philip Morris International, Inc., 5.75%, 11/17/2032 |
5,320,000 | 5,572,469 | ||||||
|
|
|
|||||||
| 18,525,170 | ||||||||
|
|
|
|||||||
| Principal Amount |
Value | |||||||
| Trading Companies & Distributors-0.28% |
|
|||||||
| Air Lease Corp., 2.88%, 01/15/2032 |
$ | 2,680,000 | $ | 2,349,854 | ||||
|
|
|
|||||||
| Water Utilities-0.33% |
||||||||
| American Water Capital Corp., 4.45%, 06/01/2032 |
2,830,000 | 2,753,730 | ||||||
| Wireless Telecommunication Services-2.55% |
||||||||
| Rogers Communications, Inc. (Canada), 3.80%, 03/15/2032 |
6,900,000 | 6,321,325 | ||||||
| Sprint Capital Corp., 8.75%, 03/15/2032 |
7,270,000 | 8,711,562 | ||||||
| T-Mobile USA, Inc. |
||||||||
| 2.70%, 03/15/2032 |
3,520,000 | 3,060,223 | ||||||
| 5.13%, 05/15/2032 |
3,150,000 | 3,178,271 | ||||||
|
|
|
|||||||
| 21,271,381 | ||||||||
|
|
|
|||||||
| Total U.S. Dollar Denominated Bonds & Notes |
|
823,892,314 | ||||||
|
|
|
|||||||
| Shares | ||||||||
| Money Market Funds-0.04% |
||||||||
| Invesco Government & Agency Portfolio, Institutional Class, 4.24%(c)(d) |
307,466 | 307,466 | ||||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN SECURITIES |
|
824,199,780 | ||||||
|
|
|
|||||||
| Investments Purchased with Cash Collateral from Securities on Loan |
|
|||||||
| Money Market Funds-3.07% |
|
|||||||
| Invesco Private Government Fund, 4.29%(c)(d)(e) |
7,107,915 | 7,107,915 | ||||||
| Invesco Private Prime Fund, 4.45%(c)(d)(e) |
18,496,973 | 18,500,672 | ||||||
|
|
|
|||||||
| Total Investments Purchased with Cash Collateral from Securities on
Loan |
|
25,608,587 | ||||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN
SECURITIES-102.05% |
|
849,808,367 | ||||||
| OTHER ASSETS LESS LIABILITIES-(2.05)% |
|
(17,063,015 | ) | |||||
|
|
|
|||||||
| NET ASSETS-100.00% |
$ | 832,745,352 | ||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2032 Corporate Bond ETF (BSCW)–(continued)
May 31, 2025
(Unaudited)
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) | All or a portion of this security was out on loan at May 31, 2025. |
| (c) | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the nine months ended May 31, 2025. |
| Value August 31, 2024 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized Appreciation (Depreciation) |
Realized Gain (Loss) |
Value May 31, 2025 |
Dividend Income | |||||||||||||||||||||||||||||
| Investments in Affiliated Money Market Funds: | |||||||||||||||||||||||||||||||||||
| Invesco Government & Agency Portfolio, Institutional Class | $ | 52,309 | $ | 26,617,574 | $ | (26,362,417 | ) | $ | - | $ | - | $ | 307,466 | $ | 45,491 | ||||||||||||||||||||
| Investments Purchased with Cash Collateral from Securities on Loan: | |||||||||||||||||||||||||||||||||||
| Invesco Private Government Fund | 6,907,673 | 82,821,464 | (82,621,222 | ) | - | - | 7,107,915 | 272,110 | * | ||||||||||||||||||||||||||
| Invesco Private Prime Fund | 13,011,726 | 144,073,833 | (138,580,442 | ) | (771 | ) | (3,674 | ) | 18,500,672 | 712,890 | * | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||
| Total | $ | 19,971,708 | $ | 253,512,871 | $ | (247,564,081 | ) | $ | (771 | ) | $ | (3,674 | ) | $ | 25,916,053 | $ | 1,030,491 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||
| * | Represents the income earned on the investment of cash collateral. 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 May 31, 2025. |
| (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. |
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments(a)
Invesco BulletShares 2033 Corporate Bond ETF (BSCX)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| U.S. Dollar Denominated Bonds & Notes-98.61% |
| |||||||
| Aerospace & Defense-2.45% |
||||||||
| HEICO Corp., 5.35%, 08/01/2033 |
$ | 1,537,000 | $ | 1,552,158 | ||||
| L3Harris Technologies, Inc., 5.40%, 07/31/2033 |
3,840,000 | 3,893,176 | ||||||
| Lockheed Martin Corp., 5.25%, 01/15/2033 |
2,557,000 | 2,631,067 | ||||||
| Northrop Grumman Corp., 4.70%, 03/15/2033 |
2,555,000 | 2,514,164 | ||||||
| RTX Corp., 5.15%, 02/27/2033 |
3,201,000 | 3,223,938 | ||||||
|
|
|
|||||||
| 13,814,503 | ||||||||
|
|
|
|||||||
| Air Freight & Logistics-0.41% |
| |||||||
| United Parcel Service, Inc., 4.88%, 03/03/2033 |
2,300,000 | 2,302,070 | ||||||
|
|
|
|||||||
| Automobile Components-0.23% |
| |||||||
| Magna International, Inc. (Canada), 5.50%, 03/21/2033(b) |
1,282,000 | 1,289,000 | ||||||
|
|
|
|||||||
|
Automobiles-1.03% |
| |||||||
| Ford Motor Credit Co. LLC, 7.12%, 11/07/2033 |
3,195,000 | 3,247,203 | ||||||
| Toyota Motor Corp. (Japan), 5.12%, 07/13/2033 |
1,262,000 | 1,286,566 | ||||||
| Toyota Motor Credit Corp., 4.70%, 01/12/2033 |
1,264,000 | 1,251,133 | ||||||
|
|
|
|||||||
| 5,784,902 | ||||||||
|
|
|
|||||||
| Banks-5.70% |
| |||||||
| Banco Santander S.A. (Spain) |
||||||||
| 6.92%, 08/08/2033 |
5,046,000 | 5,387,341 | ||||||
| 6.94%, 11/07/2033 |
3,780,000 | 4,213,410 | ||||||
| Canadian Imperial Bank of Commerce (Canada), 6.09%, 10/03/2033 |
2,839,000 | 3,013,051 | ||||||
| Citigroup, Inc., 6.00%, 10/31/2033 |
1,654,000 | 1,714,358 | ||||||
| KeyBank N.A., 5.00%, 01/26/2033 |
2,562,000 | 2,477,964 | ||||||
| Royal Bank of Canada (Canada) |
||||||||
| 5.00%, 02/01/2033 |
4,290,000 | 4,305,193 | ||||||
| 5.00%, 05/02/2033(b) |
2,303,000 | 2,309,845 | ||||||
| Sumitomo Mitsui Financial Group, Inc. (Japan) |
||||||||
| 5.77%, 01/13/2033 |
4,413,000 | 4,591,670 | ||||||
| 5.78%, 07/13/2033 |
1,660,000 | 1,720,805 | ||||||
| 5.81%, 09/14/2033(b) |
2,265,000 | 2,376,189 | ||||||
|
|
|
|||||||
| 32,109,826 | ||||||||
|
|
|
|||||||
|
Beverages-1.84% |
| |||||||
| Brown-Forman Corp., 4.75%, 04/15/2033(b) |
1,635,000 | 1,619,162 | ||||||
| Constellation Brands, Inc., 4.90%, 05/01/2033 |
1,915,000 | 1,875,370 | ||||||
| Diageo Capital PLC (United Kingdom) |
||||||||
| 5.50%, 01/24/2033 |
1,896,000 | 1,953,975 | ||||||
| 5.63%, 10/05/2033 |
2,265,000 | 2,354,955 | ||||||
| PepsiCo, Inc., 4.45%, 02/15/2033 |
2,557,000 | 2,541,583 | ||||||
|
|
|
|||||||
| 10,345,045 | ||||||||
|
|
|
|||||||
|
Biotechnology-2.73% |
| |||||||
| Amgen, Inc. |
||||||||
| 4.20%, 03/01/2033 |
1,890,000 | 1,788,650 | ||||||
| 5.25%, 03/02/2033 |
10,881,000 | 10,984,712 | ||||||
| Gilead Sciences, Inc., 5.25%, 10/15/2033 |
2,561,000 | 2,608,715 | ||||||
|
|
|
|||||||
| 15,382,077 | ||||||||
|
|
|
|||||||
| Principal Amount |
Value | |||||||
| Building Products-0.28% |
| |||||||
| Fortune Brands Innovations, Inc., 5.88%, 06/01/2033 |
$ | 1,531,000 | $ | 1,576,191 | ||||
|
|
|
|||||||
| Capital Markets-2.40% |
| |||||||
| Ameriprise Financial, Inc., 5.15%, 05/15/2033 |
1,917,000 | 1,934,449 | ||||||
| BlackRock, Inc., 4.75%, 05/25/2033 |
3,201,000 | 3,207,129 | ||||||
| Goldman Sachs Group, Inc. (The), 6.13%, 02/15/2033(b) |
2,642,000 | 2,854,737 | ||||||
| Nomura Holdings, Inc. (Japan) |
||||||||
| 6.18%, 01/18/2033 |
1,890,000 | 1,984,681 | ||||||
| 6.09%, 07/12/2033(b) |
1,495,000 | 1,565,165 | ||||||
| S&P Global, Inc., 5.25%, 09/15/2033 |
1,905,000 | 1,955,871 | ||||||
|
|
|
|||||||
| 13,502,032 | ||||||||
|
|
|
|||||||
|
Chemicals-2.70% |
| |||||||
| Air Products and Chemicals, Inc., 4.80%, 03/03/2033 |
1,536,000 | 1,531,809 | ||||||
| Celanese US Holdings LLC |
||||||||
| 6.75%, 04/15/2033(b) |
2,820,000 | 2,747,283 | ||||||
| 7.20%, 11/15/2033(b) |
2,559,000 | 2,673,362 | ||||||
| Dow Chemical Co. (The), 6.30%, 03/15/2033 |
1,538,000 | 1,628,195 | ||||||
| Eastman Chemical Co., 5.75%, 03/08/2033 |
1,278,000 | 1,309,966 | ||||||
| EIDP, Inc., 4.80%, 05/15/2033 |
1,533,000 | 1,505,172 | ||||||
| FMC Corp., 5.65%, 05/18/2033 |
1,260,000 | 1,213,596 | ||||||
| LYB International Finance III LLC, 5.63%, 05/15/2033(b) |
1,278,000 | 1,284,826 | ||||||
| Mosaic Co. (The), 5.45%, 11/15/2033(b) |
1,278,000 | 1,280,498 | ||||||
|
|
|
|||||||
| 15,174,707 | ||||||||
|
|
|
|||||||
| Commercial Services & Supplies-1.44% |
| |||||||
| Republic Services, Inc. |
||||||||
| 2.38%, 03/15/2033 |
1,791,000 | 1,504,788 | ||||||
| 5.00%, 12/15/2033 |
1,665,000 | 1,673,059 | ||||||
| Veralto Corp., 5.45%, 09/18/2033 |
1,802,000 | 1,829,960 | ||||||
| Waste Connections, Inc., 4.20%, 01/15/2033 |
1,914,000 | 1,827,615 | ||||||
| Waste Management, Inc., 4.63%, 02/15/2033 |
1,278,000 | 1,264,716 | ||||||
|
|
|
|||||||
| 8,100,138 | ||||||||
|
|
|
|||||||
| Consumer Finance-1.05% |
| |||||||
| Ally Financial, Inc., 6.70%, 02/14/2033 |
1,263,000 | 1,285,222 | ||||||
| General Motors Financial Co., Inc., 6.40%, 01/09/2033 |
2,557,000 | 2,641,650 | ||||||
| Synchrony Financial, 7.25%, 02/02/2033 |
1,920,000 | 1,963,347 | ||||||
|
|
|
|||||||
| 5,890,219 | ||||||||
|
|
|
|||||||
| Consumer Staples Distribution & Retail-1.33% |
| |||||||
| Dollar General Corp., 5.45%, 07/05/2033(b) |
2,564,000 | 2,574,194 | ||||||
| Target Corp., 4.40%, 01/15/2033 |
1,278,000 | 1,245,836 | ||||||
| Walmart, Inc., 4.10%, 04/15/2033 |
3,787,000 | 3,671,565 | ||||||
|
|
|
|||||||
| 7,491,595 | ||||||||
|
|
|
|||||||
| Containers & Packaging-0.47% |
| |||||||
| Amcor Finance (USA), Inc., 5.63%, 05/26/2033 |
1,274,000 | 1,302,637 | ||||||
| WRKCo, Inc., 3.00%, 06/15/2033 |
1,536,000 | 1,318,394 | ||||||
|
|
|
|||||||
| 2,621,031 | ||||||||
|
|
|
|||||||
| Distributors-0.28% |
||||||||
| LKQ Corp., 6.25%, 06/15/2033(b) |
1,535,000 | 1,601,255 | ||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2033 Corporate Bond ETF (BSCX)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Diversified Telecommunication Services-3.14% |
| |||||||
| AT&T, Inc., 2.55%, 12/01/2033 |
$ | 9,447,000 | $ | 7,773,209 | ||||
| Bell Canada (Canada), 5.10%, 05/11/2033 |
2,175,000 | 2,130,855 | ||||||
| Verizon Communications, Inc. |
||||||||
| 5.05%, 05/09/2033 |
2,555,000 | 2,559,283 | ||||||
| 4.50%, 08/10/2033 |
5,469,000 | 5,243,337 | ||||||
|
|
|
|||||||
| 17,706,684 | ||||||||
|
|
|
|||||||
| Electric Utilities-9.22% |
| |||||||
| American Electric Power Co., Inc., 5.63%, 03/01/2033(b) |
2,145,000 | 2,196,754 | ||||||
| Arizona Public Service Co., 5.55%, 08/01/2033 |
1,280,000 | 1,291,779 | ||||||
| CenterPoint Energy Houston Electric LLC, 4.95%, 04/01/2033 |
1,516,000 | 1,503,665 | ||||||
| Consolidated Edison Co. of New York, Inc., 5.20%, 03/01/2033 |
1,234,000 | 1,249,545 | ||||||
| Constellation Energy Generation LLC, 5.80%, 03/01/2033 |
1,537,000 | 1,600,073 | ||||||
| Duke Energy Carolinas LLC, 4.95%, 01/15/2033 |
3,201,000 | 3,204,480 | ||||||
| Duke Energy Corp., 5.75%, 09/15/2033 |
1,515,000 | 1,572,591 | ||||||
| Duke Energy Florida LLC, 5.88%, 11/15/2033 |
1,540,000 | 1,617,162 | ||||||
| Duke Energy Progress LLC, 5.25%, 03/15/2033 |
1,263,000 | 1,284,045 | ||||||
| Entergy Louisiana LLC, 4.00%, 03/15/2033 . |
1,894,000 | 1,759,094 | ||||||
| Eversource Energy, 5.13%, 05/15/2033 |
2,017,000 | 1,981,846 | ||||||
| Exelon Corp., 5.30%, 03/15/2033 |
2,142,000 | 2,167,081 | ||||||
| Florida Power & Light Co. |
||||||||
| 5.10%, 04/01/2033 |
1,920,000 | 1,939,008 | ||||||
| 4.80%, 05/15/2033 |
1,920,000 | 1,900,415 | ||||||
| Georgia Power Co., 4.95%, 05/17/2033 |
2,560,000 | 2,541,677 | ||||||
| National Rural Utilities Cooperative Finance Corp., 5.80%, 01/15/2033 |
1,668,000 | 1,743,187 | ||||||
| NextEra Energy Capital Holdings, Inc., 5.05%, 02/28/2033 |
2,559,000 | 2,545,986 | ||||||
| Oncor Electric Delivery Co. LLC, 5.65%, 11/15/2033 |
2,046,000 | 2,121,996 | ||||||
| Pacific Gas and Electric Co. |
||||||||
| 6.15%, 01/15/2033 |
1,922,000 | 1,955,693 | ||||||
| 6.40%, 06/15/2033 |
2,943,000 | 3,029,580 | ||||||
| PECO Energy Co., 4.90%, 06/15/2033 |
1,467,000 | 1,467,832 | ||||||
| PPL Electric Utilities Corp., 5.00%, 05/15/2033 |
1,534,000 | 1,535,989 | ||||||
| Public Service Electric and Gas Co. |
||||||||
| 4.65%, 03/15/2033 |
1,279,000 | 1,257,239 | ||||||
| 5.20%, 08/01/2033 |
1,228,000 | 1,243,388 | ||||||
| Southern Co. (The), 5.20%, 06/15/2033 |
1,920,000 | 1,918,263 | ||||||
| Southern Co. Gas Capital Corp., 5.75%, 09/15/2033 |
1,269,000 | 1,308,256 | ||||||
| Virginia Electric & Power Co., 5.00%, 04/01/2033 |
1,915,000 | 1,904,545 | ||||||
| Xcel Energy, Inc., 5.45%, 08/15/2033 |
2,046,000 | 2,052,632 | ||||||
|
|
|
|||||||
| 51,893,801 | ||||||||
|
|
|
|||||||
| Electrical Equipment-0.59% |
| |||||||
| Regal Rexnord Corp., 6.40%, 04/15/2033 |
3,200,000 | 3,313,003 | ||||||
|
|
|
|||||||
| Electronic Equipment, Instruments & Components-0.38% |
| |||||||
| Trimble, Inc., 6.10%, 03/15/2033 |
2,051,000 | 2,141,854 | ||||||
|
|
|
|||||||
| Principal Amount |
Value | |||||||
| Financial Services-2.68% |
| |||||||
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland), 3.40%, 10/29/2033 |
$ | 3,841,000 | $ | 3,309,685 | ||||
| Apollo Global Management, Inc., 6.38%, 11/15/2033 |
1,283,000 | 1,377,553 | ||||||
| Brookfield Capital Finance LLC (Canada), 6.09%, 06/14/2033 |
1,408,000 | 1,468,078 | ||||||
| Equitable Holdings, Inc., 5.59%, 01/11/2033 |
1,283,000 | 1,308,945 | ||||||
| Fiserv, Inc. |
||||||||
| 5.60%, 03/02/2033 |
2,300,000 | 2,342,381 | ||||||
| 5.63%, 08/21/2033 |
3,275,000 | 3,335,141 | ||||||
| Mastercard, Inc., 4.85%, 03/09/2033 |
1,922,000 | 1,934,377 | ||||||
|
|
|
|||||||
| 15,076,160 | ||||||||
|
|
|
|||||||
| Food Products-2.58% |
||||||||
| Archer-Daniels-Midland Co., 4.50%, 08/15/2033 |
1,278,000 | 1,232,630 | ||||||
| General Mills, Inc., 4.95%, 03/29/2033 |
2,532,000 | 2,504,194 | ||||||
| J.M. Smucker Co. (The), 6.20%, 11/15/2033 |
2,555,000 | 2,713,468 | ||||||
| JBS USA Holding Lux S.a.r.l./JBS USA Food Co./JBS Lux Co. S.a.r.l., 5.75%, 04/01/2033 |
4,185,000 | 4,241,770 | ||||||
| McCormick & Co., Inc., 4.95%, 04/15/2033 |
1,278,000 | 1,262,445 | ||||||
| Pilgrim’s Pride Corp., 6.25%, 07/01/2033 |
2,505,000 | 2,599,551 | ||||||
|
|
|
|||||||
| 14,554,058 | ||||||||
|
|
|
|||||||
| Gas Utilities-0.83% |
| |||||||
| Atmos Energy Corp., 5.90%, 11/15/2033 |
1,858,000 | 1,963,673 | ||||||
| CenterPoint Energy Resources Corp., 5.40%, 03/01/2033 |
1,478,000 | 1,490,692 | ||||||
| Southern California Gas Co., 5.20%, 06/01/2033 |
1,222,000 | 1,219,427 | ||||||
|
|
|
|||||||
| 4,673,792 | ||||||||
|
|
|
|||||||
| Ground Transportation-1.19% |
| |||||||
| CSX Corp., 5.20%, 11/15/2033(b) |
1,536,000 | 1,558,654 | ||||||
| Norfolk Southern Corp., 4.45%, 03/01/2033 |
1,278,000 | 1,229,626 | ||||||
| Ryder System, Inc., 6.60%, 12/01/2033 |
1,536,000 | 1,660,120 | ||||||
| Union Pacific Corp., 4.50%, 01/20/2033 |
2,308,000 | 2,260,047 | ||||||
|
|
|
|||||||
| 6,708,447 | ||||||||
|
|
|
|||||||
| Health Care Equipment & Supplies-0.44% |
| |||||||
| Medtronic Global Holdings S.C.A., 4.50%, 03/30/2033 |
2,560,000 | 2,502,521 | ||||||
|
|
|
|||||||
| Health Care Providers & Services-5.75% |
| |||||||
| Cigna Group (The), 5.40%, 03/15/2033 |
2,043,000 | 2,076,870 | ||||||
| CVS Health Corp. |
||||||||
| 5.25%, 02/21/2033 |
4,478,000 | 4,414,033 | ||||||
| 5.30%, 06/01/2033 |
3,200,000 | 3,159,929 | ||||||
| Elevance Health, Inc., 4.75%, 02/15/2033 |
2,560,000 | 2,489,500 | ||||||
| HCA, Inc., 5.50%, 06/01/2033 |
3,200,000 | 3,229,665 | ||||||
| Humana, Inc., 5.88%, 03/01/2033 |
1,922,000 | 1,953,638 | ||||||
| McKesson Corp., 5.10%, 07/15/2033 |
1,538,000 | 1,557,351 | ||||||
| Providence St. Joseph Health Obligated Group, 5.40%, 10/01/2033 |
1,412,000 | 1,412,599 | ||||||
| Quest Diagnostics, Inc., 6.40%, 11/30/2033 |
1,917,000 | 2,070,415 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2033 Corporate Bond ETF (BSCX)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Health Care Providers & Services-(continued) |
||||||||
| UnitedHealth Group, Inc. |
||||||||
| 5.35%, 02/15/2033 |
$ | 5,123,000 | $ | 5,171,594 | ||||
| 4.50%, 04/15/2033 |
3,785,000 | 3,611,305 | ||||||
| UPMC, 5.04%, 05/15/2033 |
1,260,000 | 1,241,048 | ||||||
|
|
|
|||||||
| 32,387,947 | ||||||||
|
|
|
|||||||
| Health Care REITs-0.62% |
||||||||
| Alexandria Real Estate Equities, Inc., 1.88%, 02/01/2033 |
2,554,000 | 1,989,707 | ||||||
| Omega Healthcare Investors, Inc., 3.25%, 04/15/2033 |
1,795,000 | 1,518,380 | ||||||
|
|
|
|||||||
| 3,508,087 | ||||||||
|
|
|
|||||||
| Hotels, Restaurants & Leisure-1.00% |
||||||||
| Darden Restaurants, Inc., 6.30%, 10/10/2033 |
1,277,000 | 1,352,734 | ||||||
| Marriott International, Inc., Series II, 2.75%, 10/15/2033(b) |
1,794,000 | 1,491,963 | ||||||
| McDonald’s Corp., 4.95%, 08/14/2033 |
1,536,000 | 1,549,078 | ||||||
| Starbucks Corp., 4.80%, 02/15/2033 |
1,278,000 | 1,257,739 | ||||||
|
|
|
|||||||
| 5,651,514 | ||||||||
|
|
|
|||||||
| Household Products-0.60% |
||||||||
| Colgate-Palmolive Co., 4.60%, 03/01/2033 |
1,283,000 | 1,280,435 | ||||||
| Procter & Gamble Co. (The), 4.05%, 01/26/2033 |
2,170,000 | 2,118,126 | ||||||
|
|
|
|||||||
| 3,398,561 | ||||||||
|
|
|
|||||||
| Industrial Conglomerates-1.06% |
||||||||
| Eaton Corp., 4.15%, 03/15/2033 |
3,267,000 | 3,128,543 | ||||||
| Honeywell International, Inc., 5.00%, 02/15/2033 |
2,815,000 | 2,821,742 | ||||||
|
|
|
|||||||
| 5,950,285 | ||||||||
|
|
|
|||||||
| Insurance-2.93% |
||||||||
| Allstate Corp. (The), 5.25%, 03/30/2033 |
1,892,000 | 1,916,853 | ||||||
| American International Group, Inc., 5.13%, 03/27/2033 |
1,922,000 | 1,923,941 | ||||||
| Aon Corp./Aon Global Holdings PLC, 5.35%, 02/28/2033 |
1,852,000 | 1,884,271 | ||||||
| Fairfax Financial Holdings Ltd. (Canada), 6.00%, 12/07/2033 |
1,943,000 | 1,998,907 | ||||||
| Marsh & McLennan Cos., Inc., 5.40%, 09/15/2033(b) |
1,536,000 | 1,572,464 | ||||||
| MetLife, Inc., 5.38%, 07/15/2033 |
2,560,000 | 2,636,830 | ||||||
| Progressive Corp. (The), 4.95%, 06/15/2033 |
1,278,000 | 1,290,752 | ||||||
| Travelers Property Casualty Corp., 6.38%, 03/15/2033 |
1,259,000 | 1,388,172 | ||||||
| Willis North America, Inc., 5.35%, 05/15/2033 |
1,884,000 | 1,898,169 | ||||||
|
|
|
|||||||
| 16,510,359 | ||||||||
|
|
|
|||||||
| Interactive Media & Services-0.80% |
||||||||
| Meta Platforms, Inc., 4.95%, 05/15/2033 |
4,479,000 | 4,529,330 | ||||||
|
|
|
|||||||
| IT Services-0.34% |
||||||||
| International Business Machines Corp., 4.75%, 02/06/2033 |
1,923,000 | 1,903,754 | ||||||
|
|
|
|||||||
| Life Sciences Tools & Services-0.46% |
||||||||
| Thermo Fisher Scientific, Inc., 5.09%, 08/10/2033 |
2,557,000 | 2,582,049 | ||||||
|
|
|
|||||||
| Machinery-1.73% |
||||||||
| Ingersoll Rand, Inc., 5.70%, 08/14/2033 |
2,552,000 | 2,627,716 | ||||||
| Principal Amount |
Value | |||||||
| Machinery-(continued) |
||||||||
| John Deere Capital Corp., Series I, 5.15%, 09/08/2033 |
$ | 2,597,000 | $ | 2,644,713 | ||||
| Nordson Corp., 5.80%, 09/15/2033 |
1,298,000 | 1,350,285 | ||||||
| nVent Finance S.a.r.l. (United Kingdom), 5.65%, 05/15/2033 |
1,298,000 | 1,296,228 | ||||||
| Trane Technologies Financing Ltd., 5.25%, 03/03/2033 |
1,794,000 | 1,832,930 | ||||||
|
|
|
|||||||
| 9,751,872 | ||||||||
|
|
|
|||||||
| Media-3.56% |
||||||||
| Charter Communications Operating LLC/ Charter Communications Operating Capital Corp., 4.40%, 04/01/2033 |
2,560,000 | 2,362,400 | ||||||
| Comcast Corp. |
||||||||
| 4.25%, 01/15/2033 |
4,350,000 | 4,141,596 | ||||||
| 4.65%, 02/15/2033(b) |
2,562,000 | 2,512,986 | ||||||
| 7.05%, 03/15/2033 |
1,902,000 | 2,143,126 | ||||||
| 4.80%, 05/15/2033 |
2,557,000 | 2,513,765 | ||||||
| Fox Corp., 6.50%, 10/13/2033 |
3,200,000 | 3,428,167 | ||||||
| Time Warner Cable Enterprises LLC, 8.38%, 07/15/2033 |
2,560,000 | 2,941,307 | ||||||
|
|
|
|||||||
| 20,043,347 | ||||||||
|
|
|
|||||||
| Metals & Mining-0.37% |
||||||||
| Rio Tinto Alcan, Inc. (Canada), 6.13%, 12/15/2033 |
1,916,000 | 2,053,413 | ||||||
|
|
|
|||||||
| Multi-Utilities-1.72% |
||||||||
| Ameren Illinois Co., 4.95%, 06/01/2033 |
1,278,000 | 1,275,009 | ||||||
| Consumers Energy Co., 4.63%, 05/15/2033 |
1,790,000 | 1,743,420 | ||||||
| Dominion Energy, Inc., Series F, 5.25%, 08/01/2033 |
1,255,000 | 1,241,722 | ||||||
| DTE Electric Co., 5.20%, 04/01/2033 |
1,530,000 | 1,552,910 | ||||||
| National Grid PLC (United Kingdom), 5.81%, 06/12/2033 |
2,022,000 | 2,089,875 | ||||||
| Sempra, 5.50%, 08/01/2033 |
1,790,000 | 1,801,016 | ||||||
|
|
|
|||||||
| 9,703,952 | ||||||||
|
|
|
|||||||
| Office REITs-0.30% |
||||||||
| Boston Properties L.P., 2.45%, 10/01/2033 |
2,140,000 | 1,678,666 | ||||||
|
|
|
|||||||
| Oil, Gas & Consumable Fuels-11.68% |
||||||||
| BP Capital Markets America, Inc. |
||||||||
| 4.81%, 02/13/2033 |
5,760,000 | 5,656,730 | ||||||
| 4.89%, 09/11/2033 |
3,786,000 | 3,723,690 | ||||||
| Cheniere Energy Partners L.P., 5.95%, 06/30/2033 |
3,577,000 | 3,661,546 | ||||||
| ConocoPhillips Co., 5.05%, 09/15/2033 |
2,557,000 | 2,558,456 | ||||||
| Diamondback Energy, Inc., 6.25%, 03/15/2033 |
2,814,000 | 2,936,246 | ||||||
| Enbridge, Inc. (Canada) |
||||||||
| 5.70%, 03/08/2033 |
5,885,000 | 6,004,830 | ||||||
| 2.50%, 08/01/2033 |
2,556,000 | 2,082,127 | ||||||
| Energy Transfer L.P. |
||||||||
| 5.75%, 02/15/2033 |
3,836,000 | 3,913,633 | ||||||
| 6.55%, 12/01/2033 |
3,835,000 | 4,075,332 | ||||||
| Enterprise Products Operating LLC |
||||||||
| 5.35%, 01/31/2033 |
2,555,000 | 2,605,799 | ||||||
| Series D, 6.88%, 03/01/2033 |
1,259,000 | 1,391,282 | ||||||
| Hess Corp., 7.13%, 03/15/2033 |
1,381,000 | 1,539,811 | ||||||
| Kinder Morgan Energy Partners L.P., 7.30%, 08/15/2033 |
1,281,000 | 1,417,245 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2033 Corporate Bond ETF (BSCX)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Oil, Gas & Consumable Fuels-(continued) |
|
|||||||
| Kinder Morgan, Inc. |
||||||||
| 4.80%, 02/01/2033 |
$ | 1,918,000 | $ | 1,853,343 | ||||
| 5.20%, 06/01/2033 |
3,837,000 | 3,788,388 | ||||||
| MPLX L.P., 5.00%, 03/01/2033 |
2,814,000 | 2,732,385 | ||||||
| ONEOK, Inc., 6.05%, 09/01/2033 |
3,843,000 | 3,945,053 | ||||||
| Ovintiv, Inc., 6.25%, 07/15/2033 |
1,536,000 | 1,538,940 | ||||||
| Phillips 66 Co., 5.30%, 06/30/2033 |
2,299,000 | 2,289,842 | ||||||
| Targa Resources Corp. |
||||||||
| 4.20%, 02/01/2033 |
1,922,000 | 1,757,773 | ||||||
| 6.13%, 03/15/2033 |
2,305,000 | 2,375,079 | ||||||
| Western Midstream Operating L.P., 6.15%, 04/01/2033 |
1,919,000 | 1,961,332 | ||||||
| Williams Cos., Inc. (The), 5.65%, 03/15/2033 |
1,923,000 | 1,970,128 | ||||||
|
|
|
|||||||
| 65,778,990 | ||||||||
|
|
|
|||||||
| Personal Care Products-1.24% |
||||||||
| Estee Lauder Cos., Inc. (The), 4.65%, 05/15/2033 |
1,794,000 | 1,730,747 | ||||||
| Kenvue, Inc., 4.90%, 03/22/2033 |
3,182,000 | 3,193,686 | ||||||
| Unilever Capital Corp. (United Kingdom), 5.00%, 12/08/2033 |
2,015,000 | 2,047,521 | ||||||
|
|
|
|||||||
| 6,971,954 | ||||||||
|
|
|
|||||||
| Pharmaceuticals-2.78% |
||||||||
| AstraZeneca Finance LLC (United Kingdom), 4.88%, 03/03/2033 |
1,283,000 | 1,289,208 | ||||||
| Bristol-Myers Squibb Co., 5.90%, 11/15/2033 |
2,537,000 | 2,691,156 | ||||||
| Eli Lilly and Co., 4.70%, 02/27/2033 |
2,562,000 | 2,553,714 | ||||||
| Johnson & Johnson |
||||||||
| 4.95%, 05/15/2033 |
1,278,000 | 1,308,581 | ||||||
| 4.38%, 12/05/2033 |
2,175,000 | 2,146,613 | ||||||
| Merck & Co., Inc. |
||||||||
| 4.50%, 05/17/2033(b) |
3,785,000 | 3,720,718 | ||||||
| 6.50%, 12/01/2033 |
1,732,000 | 1,934,238 | ||||||
|
|
|
|||||||
| 15,644,228 | ||||||||
|
|
|
|||||||
| Professional Services-0.73% |
||||||||
| Concentrix Corp., 6.85%, 08/02/2033 |
1,407,000 | 1,440,565 | ||||||
| Jacobs Engineering Group, Inc., 5.90%, 03/01/2033 |
1,283,000 | 1,316,989 | ||||||
| Verisk Analytics, Inc., 5.75%, 04/01/2033 |
1,278,000 | 1,329,993 | ||||||
|
|
|
|||||||
| 4,087,547 | ||||||||
|
|
|
|||||||
| Retail REITs-1.09% |
||||||||
| Kimco Realty OP LLC, 4.60%, 02/01/2033 |
1,665,000 | 1,610,238 | ||||||
| NNN REIT, Inc., 5.60%, 10/15/2033 |
1,282,000 | 1,303,017 | ||||||
| Realty Income Corp., 4.90%, 07/15/2033 |
1,534,000 | 1,507,116 | ||||||
| Simon Property Group L.P., 5.50%, 03/08/2033 |
1,655,000 | 1,697,240 | ||||||
|
|
|
|||||||
| 6,117,611 | ||||||||
|
|
|
|||||||
| Semiconductors & Semiconductor Equipment-2.78% |
|
|||||||
| Intel Corp., 5.20%, 02/10/2033(b) |
5,757,000 | 5,697,576 | ||||||
| Marvell Technology, Inc., 5.95%, 09/15/2033 |
1,276,000 | 1,318,328 | ||||||
| Micron Technology, Inc. |
||||||||
| 5.88%, 02/09/2033 |
1,923,000 | 1,966,548 | ||||||
| 5.88%, 09/15/2033 |
2,299,000 | 2,361,266 | ||||||
| Principal Amount |
Value | |||||||
| Semiconductors & Semiconductor Equipment-(continued) |
|
|||||||
| QUALCOMM, Inc., 5.40%, 05/20/2033 |
$ | 1,795,000 | $ | 1,869,822 | ||||
| Texas Instruments, Inc., 4.90%, 03/14/2033 |
2,430,000 | 2,457,011 | ||||||
|
|
|
|||||||
| 15,670,551 | ||||||||
|
|
|
|||||||
| Software-1.27% |
||||||||
| Intuit, Inc., 5.20%, 09/15/2033 |
3,277,000 | 3,353,190 | ||||||
| Oracle Corp., 4.90%, 02/06/2033 |
3,835,000 | 3,783,841 | ||||||
|
|
|
|||||||
| 7,137,031 | ||||||||
|
|
|
|||||||
| Specialized REITs-2.40% |
||||||||
| American Tower Corp. |
||||||||
| 5.65%, 03/15/2033 |
2,043,000 | 2,099,791 | ||||||
| 5.55%, 07/15/2033 |
2,177,000 | 2,216,638 | ||||||
| 5.90%, 11/15/2033 |
1,923,000 | 2,005,831 | ||||||
| Crown Castle, Inc., 5.10%, 05/01/2033 |
1,924,000 | 1,886,209 | ||||||
| Prologis L.P. |
||||||||
| 4.63%, 01/15/2033 |
1,644,000 | 1,610,773 | ||||||
| 4.75%, 06/15/2033 |
1,922,000 | 1,885,804 | ||||||
| Public Storage Operating Co., 5.10%, 08/01/2033 |
1,789,000 | 1,814,873 | ||||||
|
|
|
|||||||
| 13,519,919 | ||||||||
|
|
|
|||||||
| Specialty Retail-2.96% |
||||||||
| AutoZone, Inc. |
||||||||
| 4.75%, 02/01/2033 |
1,409,000 | 1,370,342 | ||||||
| 6.55%, 11/01/2033 |
1,275,000 | 1,386,343 | ||||||
| Booz Allen Hamilton, Inc., 5.95%, 08/04/2033 |
1,660,000 | 1,674,299 | ||||||
| Dell International LLC/EMC Corp., 5.75%, 02/01/2033(b) |
2,562,000 | 2,652,327 | ||||||
| Leidos, Inc., 5.75%, 03/15/2033 |
1,922,000 | 1,975,597 | ||||||
| Lowe’s Cos., Inc. |
||||||||
| 5.00%, 04/15/2033 |
3,151,000 | 3,144,038 | ||||||
| 5.15%, 07/01/2033 |
2,557,000 | 2,575,348 | ||||||
| Tractor Supply Co., 5.25%, 05/15/2033 |
1,917,000 | 1,914,076 | ||||||
|
|
|
|||||||
| 16,692,370 | ||||||||
|
|
|
|||||||
| Technology Hardware, Storage & Peripherals-0.95% |
|
|||||||
| Apple, Inc., 4.30%, 05/10/2033(b) |
2,558,000 | 2,542,324 | ||||||
| HP, Inc., 5.50%, 01/15/2033 |
2,814,000 | 2,804,550 | ||||||
|
|
|
|||||||
| 5,346,874 | ||||||||
|
|
|
|||||||
| Tobacco-2.36% |
||||||||
| Altria Group, Inc., 6.88%, 11/01/2033 |
1,278,000 | 1,404,912 | ||||||
| B.A.T. Capital Corp. (United Kingdom), 6.42%, 08/02/2033 |
3,200,000 | 3,432,063 | ||||||
| Philip Morris International, Inc. |
||||||||
| 5.38%, 02/15/2033 |
5,738,000 | 5,853,272 | ||||||
| 5.63%, 09/07/2033 |
2,528,000 | 2,613,762 | ||||||
|
|
|
|||||||
| 13,304,009 | ||||||||
|
|
|
|||||||
| Wireless Telecommunication Services-1.74% |
|
|||||||
| T-Mobile USA, Inc. |
||||||||
| 5.20%, 01/15/2033 |
3,191,000 | 3,204,037 | ||||||
| 5.05%, 07/15/2033 |
6,659,000 | 6,605,174 | ||||||
|
|
|
|||||||
| 9,809,211 | ||||||||
|
|
|
|||||||
| Total U.S. Dollar Denominated Bonds & Notes |
|
555,288,342 | ||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2033 Corporate Bond ETF (BSCX)–(continued)
May 31, 2025
(Unaudited)
| Shares | Value | |||||||
| Money Market Funds-0.06% |
||||||||
| Invesco Government & Agency Portfolio, Institutional Class, 4.24%(c)(d) |
329,714 | $ | 329,714 | |||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral
from securities on loan)-98.67% |
555,618,056 | |||||||
|
|
|
|||||||
| Investments Purchased with Cash Collateral from Securities on Loan |
|
|||||||
| Money Market Funds-4.90% |
|
|||||||
| Invesco Private Government Fund, 4.29%(c)(d)(e) |
7,669,379 | 7,669,379 | ||||||
| Shares | Value | |||||||
| Money Market Funds-(continued) |
|
|||||||
| Invesco Private Prime Fund, 4.45%(c)(d)(e) |
19,955,342 | $ | 19,959,333 | |||||
|
|
|
|||||||
| Total Investments Purchased with Cash Collateral from Securities on
Loan |
|
27,628,712 | ||||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN
SECURITIES-103.57% |
|
583,246,768 | ||||||
| OTHER ASSETS LESS LIABILITIES-(3.57)% |
|
(20,123,940 | ) | |||||
|
|
|
|||||||
| NET ASSETS-100.00% |
$ | 563,122,828 | ||||||
|
|
|
|||||||
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) | All or a portion of this security was out on loan at May 31, 2025. |
| (c) | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the period ended May 31, 2025. |
| Value August 31, 2024 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized Appreciation (Depreciation) |
Realized Gain (Loss) |
Value May 31, 2025 |
Dividend Income | |||||||||||||||||||||||||||||
| Investments in Affiliated Money Market Funds: | |||||||||||||||||||||||||||||||||||
| Invesco Government & Agency Portfolio, Institutional Class | $ | 774,511 | $ | 20,400,693 | $ | (20,845,490 | ) | $ | - | $ | - | $ | 329,714 | $ | 47,901 | ||||||||||||||||||||
| Investments Purchased with Cash Collateral from Securities on Loan: | |||||||||||||||||||||||||||||||||||
| Invesco Private Government Fund | 7,549,325 | 35,358,747 | (35,238,693 | ) | - | - | 7,669,379 | 204,319 | * | ||||||||||||||||||||||||||
| Invesco Private Prime Fund | 19,690,344 | 73,147,896 | (72,876,057 | ) | (1,111 | ) | (1,739 | ) | 19,959,333 | 546,480 | * | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||
| Total | $ | 28,014,180 | $ | 128,907,336 | $ | (128,960,240 | ) | $ | (1,111 | ) | $ | (1,739 | ) | $ | 27,958,426 | $ | 798,700 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||
| * | Represents the income earned on the investment of cash collateral. 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 May 31, 2025. |
| (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. |
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments(a)
Invesco BulletShares 2034 Corporate Bond ETF (BSCY)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| U.S. Dollar Denominated Bonds & Notes-98.60% |
| |||||||
| Aerospace & Defense-3.10% |
||||||||
| Boeing Co. (The) |
||||||||
| 3.60%, 05/01/2034 |
$ | 695,000 | $ | 601,435 | ||||
| 6.53%, 05/01/2034 |
1,995,000 | 2,130,178 | ||||||
| L3Harris Technologies, Inc., 5.35%, 06/01/2034 |
590,000 | 594,166 | ||||||
| Lockheed Martin Corp. |
||||||||
| 4.75%, 02/15/2034 |
685,000 | 673,219 | ||||||
| 4.80%, 08/15/2034 |
493,000 | 484,147 | ||||||
| Northrop Grumman Corp., 4.90%, 06/01/2034 |
680,000 | 669,412 | ||||||
| RTX Corp., 6.10%, 03/15/2034 |
1,210,000 | 1,289,582 | ||||||
|
|
|
|||||||
| 6,442,139 | ||||||||
|
|
|
|||||||
| Air Freight & Logistics-0.55% |
||||||||
| GXO Logistics, Inc., 6.50%, 05/06/2034 |
390,000 | 398,992 | ||||||
| United Parcel Service, Inc., 5.15%, 05/22/2034(b) |
730,000 | 737,199 | ||||||
|
|
|
|||||||
| 1,136,191 | ||||||||
|
|
|
|||||||
| Automobile Components-0.37% |
||||||||
| Aptiv Swiss Holdings Ltd., 5.15%, 09/13/2034 |
400,000 | 378,007 | ||||||
| BorgWarner, Inc., 5.40%, 08/15/2034 |
400,000 | 399,105 | ||||||
|
|
|
|||||||
| 777,112 | ||||||||
|
|
|
|||||||
| Automobiles-1.17% |
||||||||
| American Honda Finance Corp., 4.90%, 01/10/2034(b) |
585,000 | 570,101 | ||||||
| Ford Motor Credit Co. LLC, 6.13%, 03/08/2034 |
1,295,000 | 1,231,048 | ||||||
| Toyota Motor Credit Corp., 4.80%, 01/05/2034 |
630,000 | 621,716 | ||||||
|
|
|
|||||||
| 2,422,865 | ||||||||
|
|
|
|||||||
| Banks-2.64% |
||||||||
| Banco Santander S.A. (Spain), 6.35%, 03/14/2034 |
1,065,000 | 1,101,017 | ||||||
| Bank of Nova Scotia (The) (Canada), 5.65%, 02/01/2034 |
691,000 | 715,161 | ||||||
| Citibank N.A., 5.57%, 04/30/2034 |
1,550,000 | 1,587,659 | ||||||
| Royal Bank of Canada (Canada), 5.15%, 02/01/2034 |
1,015,000 | 1,024,983 | ||||||
| Sumitomo Mitsui Financial Group, Inc. (Japan), 5.56%, 07/09/2034 |
1,045,000 | 1,064,291 | ||||||
|
|
|
|||||||
| 5,493,111 | ||||||||
|
|
|
|||||||
| Beverages-1.77% |
||||||||
| Anheuser-Busch InBev Worldwide, Inc. |
||||||||
| (Belgium), 5.00%, 06/15/2034 |
815,000 | 820,611 | ||||||
| Coca-Cola Co. (The) |
||||||||
| 5.00%, 05/13/2034 |
809,000 | 821,860 | ||||||
| 4.65%, 08/14/2034 |
610,000 | 605,753 | ||||||
| Coca-Cola Consolidated, Inc., 5.45%, 06/01/2034 |
397,000 | 404,629 | ||||||
| Keurig Dr Pepper, Inc., 5.30%, 03/15/2034 |
510,000 | 514,962 | ||||||
| PepsiCo, Inc., 4.80%, 07/17/2034(b) |
510,000 | 506,311 | ||||||
|
|
|
|||||||
| 3,674,126 | ||||||||
|
|
|
|||||||
| Biotechnology-1.16% |
||||||||
| AbbVie, Inc., 5.05%, 03/15/2034 |
2,410,000 | 2,417,830 | ||||||
|
|
|
|||||||
| Broadline Retail-0.49% |
||||||||
| Amazon.com, Inc., 4.80%, 12/05/2034 |
1,015,000 | 1,022,892 | ||||||
|
|
|
|||||||
| Principal Amount |
Value | |||||||
| Building Products-0.68% |
||||||||
| Carrier Global Corp., 5.90%, 03/15/2034 |
$ | 710,000 | $ | 746,217 | ||||
| Owens Corning, 5.70%, 06/15/2034 |
650,000 | 663,760 | ||||||
|
|
|
|||||||
| 1,409,977 | ||||||||
|
|
|
|||||||
| Capital Markets-2.16% |
||||||||
| Blackstone Reg Finance Co. LLC, 5.00%, 12/06/2034 |
600,000 | 585,260 | ||||||
| Brookfield Finance, Inc. (Canada), 6.35%, 01/05/2034 |
570,000 | 603,831 | ||||||
| Jefferies Financial Group, Inc., 6.20%, 04/14/2034 |
1,180,000 | 1,205,354 | ||||||
| Moody’s Corp., 5.00%, 08/05/2034 |
396,000 | 393,794 | ||||||
| Nasdaq, Inc., 5.55%, 02/15/2034 |
885,000 | 908,719 | ||||||
| Nomura Holdings, Inc. (Japan), 5.78%, 07/03/2034 |
785,000 | 800,624 | ||||||
|
|
|
|||||||
| 4,497,582 | ||||||||
|
|
|
|||||||
| Chemicals-1.91% |
||||||||
| Air Products and Chemicals, Inc., 4.85%, 02/08/2034 |
935,000 | 925,567 | ||||||
| CF Industries, Inc., 5.15%, 03/15/2034 |
601,000 | 583,432 | ||||||
| Dow Chemical Co. (The) |
||||||||
| 5.15%, 02/15/2034 |
470,000 | 460,151 | ||||||
| 4.25%, 10/01/2034 |
370,000 | 332,125 | ||||||
| Eastman Chemical Co., 5.63%, 02/20/2034 |
610,000 | 609,658 | ||||||
| LYB International Finance III LLC, 5.50%, 03/01/2034 |
590,000 | 575,755 | ||||||
| Nutrien Ltd. (Canada), 5.40%, 06/21/2034(b) |
485,000 | 483,292 | ||||||
|
|
|
|||||||
| 3,969,980 | ||||||||
|
|
|
|||||||
| Commercial Services & Supplies-1.51% |
|
|||||||
| CDW LLC/CDW Finance Corp., 5.55%, 08/22/2034 |
467,000 | 460,613 | ||||||
| Republic Services, Inc. |
||||||||
| 5.00%, 04/01/2034 |
650,000 | 650,959 | ||||||
| 5.20%, 11/15/2034 |
400,000 | 403,249 | ||||||
| Waste Connections, Inc., 5.00%, 03/01/2034 |
612,000 | 610,377 | ||||||
| Waste Management, Inc., 4.88%, 02/15/2034 |
1,015,000 | 1,012,634 | ||||||
|
|
|
|||||||
| 3,137,832 | ||||||||
|
|
|
|||||||
| Communications Equipment-1.32% |
||||||||
| Cisco Systems, Inc., 5.05%, 02/26/2034 |
2,013,000 | 2,029,173 | ||||||
| Motorola Solutions, Inc., 5.40%, 04/15/2034 |
705,000 | 708,806 | ||||||
|
|
|
|||||||
| 2,737,979 | ||||||||
|
|
|
|||||||
| Construction & Engineering-0.24% |
||||||||
| Quanta Services, Inc., 5.25%, 08/09/2034 |
510,000 | 505,537 | ||||||
|
|
|
|||||||
| Construction Materials-0.86% |
||||||||
| CRH America Finance, Inc., 5.40%, 05/21/2034 |
590,000 | 595,670 | ||||||
| Martin Marietta Materials, Inc., 5.15%, 12/01/2034 |
591,000 | 586,742 | ||||||
| Vulcan Materials Co., 5.35%, 12/01/2034 |
600,000 | 604,593 | ||||||
|
|
|
|||||||
| 1,787,005 | ||||||||
|
|
|
|||||||
| Consumer Finance-1.32% |
||||||||
| General Motors Financial Co., Inc. |
||||||||
| 6.10%, 01/07/2034 |
1,180,000 | 1,186,011 | ||||||
| 5.95%, 04/04/2034 |
981,000 | 975,131 | ||||||
| 5.45%, 09/06/2034 |
600,000 | 574,679 | ||||||
|
|
|
|||||||
| 2,735,821 | ||||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2034 Corporate Bond ETF (BSCY)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Consumer Staples Distribution & Retail-1.31% |
|
|||||||
| Kroger Co. (The), 5.00%, 09/15/2034 |
$ | 1,770,000 | $ | 1,724,579 | ||||
| Sysco Corp., 6.00%, 01/17/2034 |
401,000 | 424,061 | ||||||
| Target Corp., 4.50%, 09/15/2034 |
600,000 | 573,328 | ||||||
|
|
|
|||||||
| 2,721,968 | ||||||||
|
|
|
|||||||
| Containers & Packaging-0.56% |
||||||||
| Berry Global, Inc., 5.65%, 01/15/2034 |
630,000 | 634,864 | ||||||
| Sonoco Products Co., 5.00%, 09/01/2034 |
550,000 | 522,904 | ||||||
|
|
|
|||||||
| 1,157,768 | ||||||||
|
|
|
|||||||
| Diversified REITs-0.42% |
||||||||
| American Assets Trust L.P., 6.15%, 10/01/2034 |
430,000 | 420,960 | ||||||
| VICI Properties L.P., 5.75%, 04/01/2034 |
451,000 | 452,866 | ||||||
|
|
|
|||||||
| 873,826 | ||||||||
|
|
|
|||||||
| Diversified Telecommunication Services-2.03% |
|
|||||||
| AT&T, Inc., 5.40%, 02/15/2034 |
2,210,000 | 2,240,791 | ||||||
| Bell Canada (Canada), 5.20%, 02/15/2034 |
570,000 | 563,200 | ||||||
| Verizon Communications, Inc., 4.40%, 11/01/2034 |
1,515,000 | 1,419,353 | ||||||
|
|
|
|||||||
| 4,223,344 | ||||||||
|
|
|
|||||||
| Electric Utilities-7.71% |
||||||||
| Consolidated Edison Co. of New York, Inc., 5.50%, 03/15/2034 |
470,000 | 483,029 | ||||||
| Constellation Energy Generation LLC, 6.13%, 01/15/2034 |
393,000 | 415,123 | ||||||
| Duke Energy Carolinas LLC, 4.85%, 01/15/2034 |
470,000 | 461,171 | ||||||
| Duke Energy Corp., 5.45%, 06/15/2034 |
612,000 | 617,829 | ||||||
| Duke Energy Progress LLC, 5.10%, 03/15/2034 |
390,000 | 388,503 | ||||||
| Entergy Louisiana LLC |
||||||||
| 5.35%, 03/15/2034 |
397,000 | 398,458 | ||||||
| 5.15%, 09/15/2034 |
570,000 | 564,171 | ||||||
| Eversource Energy |
||||||||
| 5.50%, 01/01/2034 |
525,000 | 523,859 | ||||||
| 5.95%, 07/15/2034 |
553,000 | 569,693 | ||||||
| Exelon Corp., 5.45%, 03/15/2034 |
510,000 | 515,927 | ||||||
| Florida Power & Light Co., 5.30%, 06/15/2034 |
880,000 | 894,304 | ||||||
| Georgia Power Co., 5.25%, 03/15/2034 |
733,000 | 737,194 | ||||||
| NextEra Energy Capital Holdings, Inc., 5.25%, 03/15/2034 |
880,000 | 874,938 | ||||||
| Pacific Gas and Electric Co. |
||||||||
| 6.95%, 03/15/2034 |
630,000 | 669,671 | ||||||
| 5.80%, 05/15/2034 |
860,000 | 850,479 | ||||||
| PacifiCorp, 5.45%, 02/15/2034 |
890,000 | 888,881 | ||||||
| PPL Capital Funding, Inc., 5.25%, 09/01/2034 |
593,000 | 587,266 | ||||||
| PPL Electric Utilities Corp., 4.85%, 02/15/2034 |
511,000 | 504,222 | ||||||
| Public Service Co. of Colorado, 5.35%, 05/15/2034 |
680,000 | 677,506 | ||||||
| Public Service Electric and Gas Co., 4.85%, 08/01/2034 |
470,000 | 462,825 | ||||||
| Southern California Edison Co. |
||||||||
| 6.00%, 01/15/2034 |
410,000 | 415,880 | ||||||
| 5.20%, 06/01/2034 |
705,000 | 675,547 | ||||||
| Southern Co. (The), 5.70%, 03/15/2034 |
896,000 | 922,581 | ||||||
| Union Electric Co., 5.20%, 04/01/2034 |
410,000 | 410,319 | ||||||
| Principal Amount |
Value | |||||||
| Electric Utilities-(continued) |
||||||||
| Virginia Electric & Power Co. |
||||||||
| 5.00%, 01/15/2034 |
$ | 410,000 | $ | 402,002 | ||||
| 5.05%, 08/15/2034 |
495,000 | 486,609 | ||||||
| Xcel Energy, Inc., 5.50%, 03/15/2034 |
630,000 | 628,608 | ||||||
|
|
|
|||||||
| 16,026,595 | ||||||||
|
|
|
|||||||
| Electronic Equipment, Instruments & Components-0.89% |
|
|||||||
| Amphenol Corp., 5.25%, 04/05/2034 |
487,000 | 492,925 | ||||||
| Arrow Electronics, Inc., 5.88%, 04/10/2034 |
390,000 | 394,612 | ||||||
| Keysight Technologies, Inc., 4.95%, 10/15/2034 |
490,000 | 477,934 | ||||||
| TD SYNNEX Corp., 6.10%, 04/12/2034 |
470,000 | 482,560 | ||||||
|
|
|
|||||||
| 1,848,031 | ||||||||
|
|
|
|||||||
| Entertainment-0.80% |
||||||||
| Netflix, Inc., 4.90%, 08/15/2034 |
785,000 | 788,881 | ||||||
| Walt Disney Co. (The), 6.20%, 12/15/2034 |
797,000 | 877,722 | ||||||
|
|
|
|||||||
| 1,666,603 | ||||||||
|
|
|
|||||||
| Financial Services-3.70% |
||||||||
| AerCap Ireland Capital DAC/AerCap Global |
||||||||
| Aviation Trust (Ireland) |
||||||||
| 5.30%, 01/19/2034 |
550,000 | 543,576 | ||||||
| 4.95%, 09/10/2034 |
860,000 | 825,776 | ||||||
| BlackRock Funding, Inc., 5.00%, 03/14/2034 |
815,000 | 824,107 | ||||||
| Blue Owl Finance LLC, 6.25%, 04/18/2034 |
781,000 | 792,191 | ||||||
| Corebridge Financial, Inc., 5.75%, 01/15/2034 |
590,000 | 601,258 | ||||||
| Fiserv, Inc. |
||||||||
| 5.45%, 03/15/2034 |
610,000 | 611,709 | ||||||
| 5.15%, 08/12/2034(b) |
735,000 | 721,030 | ||||||
| LPL Holdings, Inc., 6.00%, 05/20/2034 |
790,000 | 802,700 | ||||||
| Mastercard, Inc., 4.88%, 05/09/2034 |
806,000 | 804,570 | ||||||
| PayPal Holdings, Inc., 5.15%, 06/01/2034 |
695,000 | 694,124 | ||||||
| TPG Operating Group II L.P., 5.88%, 03/05/2034 |
470,000 | 475,233 | ||||||
|
|
|
|||||||
| 7,696,274 | ||||||||
|
|
|
|||||||
| Food Products-2.41% |
||||||||
| Bunge Ltd. Finance Corp., 4.65%, 09/17/2034 |
630,000 | 606,171 | ||||||
| JBS USA Holding Lux S.a.r.l./JBS USA Food |
||||||||
| Co./JBS Lux Co. S.a.r.l., 6.75%, 03/15/2034 |
1,205,000 | 1,295,398 | ||||||
| McCormick & Co., Inc., 4.70%, 10/15/2034 |
400,000 | 380,010 | ||||||
| Mondelez International, Inc., 4.75%, 08/28/2034 |
405,000 | 393,369 | ||||||
| Pilgrim’s Pride Corp., 6.88%, 05/15/2034 |
401,000 | 432,580 | ||||||
| The Campbell’s Company, 5.40%, 03/21/2034 |
814,000 | 812,142 | ||||||
| Tyson Foods, Inc. |
||||||||
| 5.70%, 03/15/2034 |
705,000 | 718,789 | ||||||
| 4.88%, 08/15/2034 |
385,000 | 368,435 | ||||||
|
|
|
|||||||
| 5,006,894 | ||||||||
|
|
|
|||||||
| Gas Utilities-0.22% |
||||||||
| Southern California Gas Co., 5.05%, 09/01/2034 |
465,000 | 458,685 | ||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2034 Corporate Bond ETF (BSCY)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Ground Transportation-1.04% |
||||||||
| Canadian National Railway Co. (Canada) |
||||||||
| 6.25%, 08/01/2034 |
$ | 400,000 | $ | 432,798 | ||||
| 4.38%, 09/18/2034 |
600,000 | 568,689 | ||||||
| Uber Technologies, Inc., 4.80%, 09/15/2034 |
1,210,000 | 1,168,376 | ||||||
|
|
|
|||||||
| 2,169,863 | ||||||||
|
|
|
|||||||
| Health Care Equipment & Supplies-1.63% |
||||||||
| Becton, Dickinson and Co., 5.11%, 02/08/2034 |
436,000 | 429,751 | ||||||
| Smith & Nephew PLC (United Kingdom), 5.40%, 03/20/2034 |
513,000 | 511,414 | ||||||
| Solventum Corp., 5.60%, 03/23/2034 |
1,325,000 | 1,336,879 | ||||||
| Stryker Corp., 4.63%, 09/11/2034 |
590,000 | 570,997 | ||||||
| Zimmer Biomet Holdings, Inc., 5.20%, 09/15/2034 |
553,000 | 545,819 | ||||||
|
|
|
|||||||
| 3,394,860 | ||||||||
|
|
|
|||||||
| Health Care Providers & Services-5.95% |
||||||||
| Cardinal Health, Inc. |
||||||||
| 5.45%, 02/15/2034 |
410,000 | 414,131 | ||||||
| 5.35%, 11/15/2034 |
800,000 | 798,620 | ||||||
| Cencora, Inc., 5.13%, 02/15/2034 |
398,000 | 396,093 | ||||||
| Cigna Group (The), 5.25%, 02/15/2034 |
980,000 | 978,972 | ||||||
| CommonSpirit Health, 5.32%, 12/01/2034 |
570,000 | 559,750 | ||||||
| CVS Health Corp., 5.70%, 06/01/2034 |
1,000,000 | 1,006,059 | ||||||
| Elevance Health, Inc., 5.38%, 06/15/2034 |
815,000 | 818,438 | ||||||
| HCA, Inc. |
||||||||
| 5.60%, 04/01/2034 |
1,055,000 | 1,061,227 | ||||||
| 5.45%, 09/15/2034 |
1,015,000 | 1,005,239 | ||||||
| Humana, Inc., 5.95%, 03/15/2034 |
695,000 | 706,026 | ||||||
| Icon Investments Six DAC, 6.00%, 05/08/2034 |
400,000 | 400,602 | ||||||
| Laboratory Corp. of America Holdings, 4.80%, 10/01/2034 |
670,000 | 643,585 | ||||||
| Quest Diagnostics, Inc., 5.00%, 12/15/2034 |
685,000 | 672,608 | ||||||
| UnitedHealth Group, Inc. |
||||||||
| 5.00%, 04/15/2034 |
1,005,000 | 982,234 | ||||||
| 5.15%, 07/15/2034 |
1,575,000 | 1,554,945 | ||||||
| Universal Health Services, Inc., 5.05%, 10/15/2034 |
395,000 | 371,021 | ||||||
|
|
|
|||||||
| 12,369,550 | ||||||||
|
|
|
|||||||
| Health Care REITs-0.44% |
||||||||
| Alexandria Real Estate Equities, Inc., 2.95%, 03/15/2034 |
620,000 | 509,529 | ||||||
| Ventas Realty L.P., 5.63%, 07/01/2034 |
395,000 | 400,258 | ||||||
|
|
|
|||||||
| 909,787 | ||||||||
|
|
|
|||||||
| Hotel & Resort REITs-0.23% |
||||||||
| Host Hotels & Resorts L.P., 5.70%, 07/01/2034 |
480,000 | 472,283 | ||||||
|
|
|
|||||||
| Hotels, Restaurants & Leisure-1.20% |
||||||||
| Choice Hotels International, Inc., 5.85%, 08/01/2034 |
490,000 | 483,089 | ||||||
| Las Vegas Sands Corp., 6.20%, 08/15/2034 |
390,000 | 386,972 | ||||||
| Marriott International, Inc., 5.30%, 05/15/2034 |
810,000 | 804,005 | ||||||
| McDonald’s Corp., 5.20%, 05/17/2034 |
400,000 | 405,615 | ||||||
| Starbucks Corp., 5.00%, 02/15/2034 |
410,000 | 405,107 | ||||||
|
|
|
|||||||
| 2,484,788 | ||||||||
|
|
|
|||||||
| Household Durables-0.26% |
||||||||
| D.R. Horton, Inc., 5.00%, 10/15/2034 |
550,000 | 535,284 | ||||||
|
|
|
|||||||
| Principal Amount |
Value | |||||||
| Household Products-0.48% |
||||||||
| Procter & Gamble Co. (The) |
||||||||
| 4.55%, 01/29/2034 |
$ | 610,000 | $ | 604,213 | ||||
| 4.55%, 10/24/2034 |
395,000 | 390,173 | ||||||
|
|
|
|||||||
| 994,386 | ||||||||
|
|
|
|||||||
| Independent Power and Renewable Electricity Producers-0.23% |
| |||||||
| NSTAR Electric Co., 5.40%, 06/01/2034 |
473,000 | 477,680 | ||||||
|
|
|
|||||||
| Industrial Conglomerates-0.38% |
||||||||
| Honeywell International, Inc., 4.50%, 01/15/2034 |
815,000 | 784,201 | ||||||
|
|
|
|||||||
| Insurance-3.72% |
||||||||
| Aon North America, Inc., 5.45%, 03/01/2034 |
1,377,000 | 1,392,870 | ||||||
| Arthur J. Gallagher & Co., 5.45%, 07/15/2034 |
410,000 | 414,594 | ||||||
| Brown & Brown, Inc., 5.65%, 06/11/2034 |
475,000 | 480,137 | ||||||
| Chubb INA Holdings LLC, 5.00%, 03/15/2034 |
1,295,000 | 1,296,607 | ||||||
| CNA Financial Corp., 5.13%, 02/15/2034 |
390,000 | 384,257 | ||||||
| CNO Financial Group, Inc., 6.45%, 06/15/2034 |
540,000 | 556,411 | ||||||
| Equinix Europe 2 Financing Corp. LLC, 5.50%, 06/15/2034(b) |
610,000 | 619,071 | ||||||
| F&G Annuities & Life, Inc., 6.25%, 10/04/2034 |
410,000 | 396,818 | ||||||
| Marsh & McLennan Cos., Inc., 5.15%, 03/15/2034 |
394,000 | 396,679 | ||||||
| MetLife, Inc. |
||||||||
| 6.38%, 06/15/2034 |
590,000 | 644,173 | ||||||
| 5.30%, 12/15/2034 |
610,000 | 617,926 | ||||||
| Reinsurance Group of America, Inc., 5.75%, 09/15/2034 |
531,000 | 538,279 | ||||||
|
|
|
|||||||
| 7,737,822 | ||||||||
|
|
|
|||||||
| Interactive Media & Services-0.95% |
||||||||
| Meta Platforms, Inc., 4.75%, 08/15/2034 |
2,000,000 | 1,978,508 | ||||||
|
|
|
|||||||
| IT Services-0.20% |
||||||||
| Kyndryl Holdings, Inc., 6.35%, 02/20/2034 |
390,000 | 409,378 | ||||||
|
|
|
|||||||
| Leisure Products-0.20% |
||||||||
| Hasbro, Inc., 6.05%, 05/14/2034 |
410,000 | 415,637 | ||||||
|
|
|
|||||||
| Life Sciences Tools & Services-0.43% |
||||||||
| Agilent Technologies, Inc., 4.75%, 09/09/2034 |
495,000 | 477,802 | ||||||
| Thermo Fisher Scientific, Inc., 5.20%, 01/31/2034 |
410,000 | 415,230 | ||||||
|
|
|
|||||||
| 893,032 | ||||||||
|
|
|
|||||||
| Machinery-2.11% |
||||||||
| AGCO Corp., 5.80%, 03/21/2034 |
570,000 | 571,857 | ||||||
| Cummins, Inc., 5.15%, 02/20/2034 |
594,000 | 598,920 | ||||||
| Ingersoll Rand, Inc., 5.45%, 06/15/2034 |
592,000 | 598,014 | ||||||
| John Deere Capital Corp. |
||||||||
| 5.10%, 04/11/2034 |
805,000 | 809,755 | ||||||
| 5.05%, 06/12/2034 |
650,000 | 650,932 | ||||||
| Parker-Hannifin Corp., 4.20%, 11/21/2034 |
391,000 | 366,375 | ||||||
| Trane Technologies Financing Ltd., 5.10%, 06/13/2034 |
390,000 | 389,707 | ||||||
| Wabtec Corp., 5.61%, 03/11/2034 |
400,000 | 407,877 | ||||||
|
|
|
|||||||
| 4,393,437 | ||||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2034 Corporate Bond ETF (BSCY)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Media-2.04% |
||||||||
| Charter Communications Operating LLC/ Charter Communications Operating Capital Corp. |
||||||||
| 6.65%, 02/01/2034 |
$ | 707,000 | $ | 743,468 | ||||
| 6.55%, 06/01/2034(b) |
1,180,000 | 1,234,899 | ||||||
| Comcast Corp. |
||||||||
| 5.30%, 06/01/2034 |
1,020,000 | 1,029,899 | ||||||
| 4.20%, 08/15/2034 |
815,000 | 757,859 | ||||||
| Omnicom Group, Inc., 5.30%, 11/01/2034 |
470,000 | 466,607 | ||||||
|
|
|
|||||||
| 4,232,732 | ||||||||
|
|
|
|||||||
| Metals & Mining-1.10% |
||||||||
| ArcelorMittal S.A. (Luxembourg), 6.00%, 06/17/2034(b) |
410,000 | 423,230 | ||||||
| Freeport-McMoRan, Inc., 5.40%, 11/14/2034. |
570,000 | 568,793 | ||||||
| Newmont Corp./Newcrest Finance Pty Ltd., 5.35%, 03/15/2034 |
805,000 | 813,232 | ||||||
| Steel Dynamics, Inc., 5.38%, 08/15/2034 |
475,000 | 474,827 | ||||||
|
|
|
|||||||
| 2,280,082 | ||||||||
|
|
|
|||||||
| Multi-Utilities-1.27% |
||||||||
| DTE Electric Co., 5.20%, 03/01/2034 |
410,000 | 411,618 | ||||||
| DTE Energy Co., 5.85%, 06/01/2034 |
693,000 | 714,560 | ||||||
| National Grid PLC (United Kingdom), 5.42%, 01/11/2034 |
590,000 | 594,794 | ||||||
| NiSource, Inc., 5.35%, 04/01/2034 |
510,000 | 511,869 | ||||||
| Public Service Enterprise Group, Inc., 5.45%, 04/01/2034 |
410,000 | 413,740 | ||||||
|
|
|
|||||||
| 2,646,581 | ||||||||
|
|
|
|||||||
| Office REITs-0.50% |
||||||||
| Boston Properties L.P., 6.50%, 01/15/2034 |
600,000 | 631,316 | ||||||
| Cousins Properties L.P., 5.88%, 10/01/2034 |
396,000 | 399,797 | ||||||
|
|
|
|||||||
| 1,031,113 | ||||||||
|
|
|
|||||||
| Oil, Gas & Consumable Fuels-11.47% |
||||||||
| Boardwalk Pipelines L.P., 5.63%, 08/01/2034 |
470,000 | 467,168 | ||||||
| BP Capital Markets America, Inc. |
||||||||
| 4.99%, 04/10/2034 |
785,000 | 774,797 | ||||||
| 5.23%, 11/17/2034 |
1,570,000 | 1,563,823 | ||||||
| Cheniere Energy Partners L.P., 5.75%, 08/15/2034 |
960,000 | 963,812 | ||||||
| Cheniere Energy, Inc., 5.65%, 04/15/2034 |
1,178,000 | 1,176,047 | ||||||
| Coterra Energy, Inc., 5.60%, 03/15/2034 |
395,000 | 391,940 | ||||||
| Devon Energy Corp., 5.20%, 09/15/2034(b) |
985,000 | 933,118 | ||||||
| Diamondback Energy, Inc., 5.40%, 04/18/2034 |
1,045,000 | 1,025,934 | ||||||
| Enbridge, Inc. (Canada), 5.63%, 04/05/2034 |
964,000 | 973,622 | ||||||
| Energy Transfer L.P. |
||||||||
| 5.55%, 05/15/2034 |
985,000 | 978,418 | ||||||
| 5.60%, 09/01/2034 |
985,000 | 980,643 | ||||||
| EnLink Midstream LLC, 5.65%, 09/01/2034 |
412,000 | 409,558 | ||||||
| Enterprise Products Operating LLC, 4.85%, 01/31/2034 |
791,000 | 776,625 | ||||||
| EQT Corp., 5.75%, 02/01/2034(b) |
592,000 | 596,209 | ||||||
| Kinder Morgan, Inc. |
||||||||
| 5.40%, 02/01/2034 |
790,000 | 787,222 | ||||||
| 5.30%, 12/01/2034 |
610,000 | 596,728 | ||||||
| MPLX L.P., 5.50%, 06/01/2034 |
1,335,000 | 1,316,526 | ||||||
| Occidental Petroleum Corp., 5.55%, 10/01/2034 |
941,000 | 890,227 | ||||||
| ONEOK, Inc., 5.05%, 11/01/2034 |
1,260,000 | 1,201,157 | ||||||
| Principal Amount |
Value | |||||||
| Oil, Gas & Consumable Fuels-(continued) |
||||||||
| Ovintiv, Inc., 6.50%, 08/15/2034 |
$ | 470,000 | $ | 471,315 | ||||
| Phillips 66, 4.65%, 11/15/2034 |
790,000 | 741,450 | ||||||
| Plains All American Pipeline L.P./PAA Finance Corp., 5.70%, 09/15/2034 |
511,000 | 507,340 | ||||||
| Suncor Energy, Inc. (Canada), 5.95%, 12/01/2034 |
390,000 | 395,056 | ||||||
| Targa Resources Corp., 6.50%, 03/30/2034 |
785,000 | 825,711 | ||||||
| TotalEnergies Capital S.A. (France) |
||||||||
| 5.15%, 04/05/2034 |
985,000 | 992,473 | ||||||
| 4.72%, 09/10/2034 |
600,000 | 586,313 | ||||||
| TransCanada PipeLines Ltd. (Canada), 4.63%, 03/01/2034 |
942,000 | 887,259 | ||||||
| Western Midstream Operating L.P., 5.45%, 11/15/2034 |
653,000 | 627,169 | ||||||
| Williams Cos., Inc. (The), 5.15%, 03/15/2034 |
1,024,000 | 1,006,084 | ||||||
|
|
|
|||||||
| 23,843,744 | ||||||||
|
|
|
|||||||
| Passenger Airlines-0.19% |
||||||||
| American Airlines Pass-Through Trust, Series 2021-1, Class A, 2.88%, 07/11/2034 |
458,949 | 400,604 | ||||||
|
|
|
|||||||
| Personal Care Products-0.62% |
||||||||
| Estee Lauder Cos., Inc. (The), 5.00%, 02/14/2034(b) |
520,000 | 515,334 | ||||||
| Unilever Capital Corp. (United Kingdom), 4.63%, 08/12/2034 |
785,000 | 771,190 | ||||||
|
|
|
|||||||
| 1,286,524 | ||||||||
|
|
|
|||||||
| Pharmaceuticals-4.46% |
||||||||
| AstraZeneca Finance LLC (United Kingdom), 5.00%, 02/26/2034 |
1,212,000 | 1,220,455 | ||||||
| Bristol-Myers Squibb Co., 5.20%, 02/22/2034 |
1,970,000 | 1,985,746 | ||||||
| Eli Lilly and Co. |
||||||||
| 4.70%, 02/09/2034 |
1,210,000 | 1,191,317 | ||||||
| 4.60%, 08/14/2034 |
1,015,000 | 989,850 | ||||||
| GlaxoSmithKline Capital, Inc. (United Kingdom), 5.38%, 04/15/2034 |
390,000 | 400,239 | ||||||
| Johnson & Johnson, 4.95%, 06/01/2034 |
695,000 | 710,379 | ||||||
| Novartis Capital Corp., 4.20%, 09/18/2034 |
890,000 | 843,045 | ||||||
| Royalty Pharma PLC, 5.40%, 09/02/2034 |
413,000 | 411,431 | ||||||
| Takeda Pharmaceutical Co. Ltd. (Japan), 5.30%, 07/05/2034 |
860,000 | 860,093 | ||||||
| Wyeth LLC, 6.50%, 02/01/2034 |
596,000 | 655,885 | ||||||
|
|
|
|||||||
| 9,268,440 | ||||||||
|
|
|
|||||||
| Professional Services-0.60% |
||||||||
| Automatic Data Processing, Inc., 4.45%, 09/09/2034 |
800,000 | 772,002 | ||||||
| Verisk Analytics, Inc., 5.25%, 06/05/2034 |
470,000 | 472,004 | ||||||
|
|
|
|||||||
| 1,244,006 | ||||||||
|
|
|
|||||||
| Real Estate Management & Development-0.39% |
|
|||||||
| CBRE Services, Inc., 5.95%, 08/15/2034 |
782,000 | 808,521 | ||||||
|
|
|
|||||||
| Residential REITs-0.63% |
||||||||
| American Homes 4 Rent L.P. |
||||||||
| 5.50%, 02/01/2034 |
461,000 | 460,397 | ||||||
| 5.50%, 07/15/2034 |
395,000 | 393,516 | ||||||
| ERP Operating L.P., 4.65%, 09/15/2034 |
470,000 | 448,037 | ||||||
|
|
|
|||||||
| 1,301,950 | ||||||||
|
|
|
|||||||
| Retail REITs-1.26% |
||||||||
| Kimco Realty OP LLC, 6.40%, 03/01/2034 |
391,000 | 418,488 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2034 Corporate Bond ETF (BSCY)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Retail REITs-(continued) |
||||||||
| NNN REIT, Inc., 5.50%, 06/15/2034 |
$ | 390,000 | $ | 390,635 | ||||
| Realty Income Corp., 5.13%, 02/15/2034 |
630,000 | 627,762 | ||||||
| Simon Property Group L.P. |
||||||||
| 6.25%, 01/15/2034 |
393,000 | 419,552 | ||||||
| 4.75%, 09/26/2034 |
790,000 | 755,206 | ||||||
|
|
|
|||||||
| 2,611,643 | ||||||||
|
|
|
|||||||
| Semiconductors & Semiconductor Equipment-1.61% |
|
|||||||
| Analog Devices, Inc., 5.05%, 04/01/2034 |
437,000 | 440,593 | ||||||
| Broadcom, Inc., 4.80%, 10/15/2034 |
1,380,000 | 1,344,172 | ||||||
| Intel Corp., 5.15%, 02/21/2034(b) |
705,000 | 690,345 | ||||||
| KLA Corp., 4.70%, 02/01/2034 |
395,000 | 388,648 | ||||||
| Texas Instruments, Inc., 4.85%, 02/08/2034 |
475,000 | 475,191 | ||||||
|
|
|
|||||||
| 3,338,949 | ||||||||
|
|
|
|||||||
| Software-3.40% |
||||||||
| Accenture Capital, Inc., 4.50%, 10/04/2034 |
1,180,000 | 1,134,130 | ||||||
| Adobe, Inc., 4.95%, 04/04/2034 |
577,000 | 581,049 | ||||||
| AppLovin Corp., 5.50%, 12/01/2034 |
790,000 | 790,730 | ||||||
| Atlassian Corp., 5.50%, 05/15/2034 |
374,000 | 377,473 | ||||||
| Cadence Design Systems, Inc., 4.70%, 09/10/2034 |
810,000 | 787,908 | ||||||
| Oracle Corp. |
||||||||
| 4.30%, 07/08/2034 |
1,400,000 | 1,302,563 | ||||||
| 4.70%, 09/27/2034 |
1,380,000 | 1,316,831 | ||||||
| Roper Technologies, Inc., 4.90%, 10/15/2034 |
790,000 | 766,801 | ||||||
|
|
|
|||||||
| 7,057,485 | ||||||||
|
|
|
|||||||
| Specialized REITs-2.12% |
||||||||
| American Tower Corp., 5.45%, 02/15/2034 |
524,000 | 529,287 | ||||||
| Americold Realty Operating Partnership L.P., 5.41%, 09/12/2034 |
396,000 | 380,709 | ||||||
| Crown Castle, Inc. |
||||||||
| 5.80%, 03/01/2034 |
611,000 | 623,940 | ||||||
| 5.20%, 09/01/2034 |
570,000 | 556,151 | ||||||
| Extra Space Storage L.P., 5.40%, 02/01/2034 |
475,000 | 472,458 | ||||||
| GLP Capital L.P./GLP Financing II, Inc., 5.63%, 09/15/2034 |
630,000 | 614,984 | ||||||
| Prologis L.P. |
||||||||
| 5.13%, 01/15/2034 |
610,000 | 610,806 | ||||||
| 5.00%, 03/15/2034 |
625,000 | 616,023 | ||||||
|
|
|
|||||||
| 4,404,358 | ||||||||
|
|
|
|||||||
| Specialty Retail-1.51% |
||||||||
| AutoZone, Inc., 5.40%, 07/15/2034 |
571,000 | 575,579 | ||||||
| Dell International LLC/EMC Corp., 5.40%, 04/15/2034 |
790,000 | 791,208 | ||||||
| Home Depot, Inc. (The), 4.95%, 06/25/2034 |
1,380,000 | 1,381,125 | ||||||
| O’Reilly Automotive, Inc., 5.00%, 08/19/2034 |
395,000 | 385,708 | ||||||
|
|
|
|||||||
| 3,133,620 | ||||||||
|
|
|
|||||||
| Technology Hardware, Storage & Peripherals-1.13% |
|
|||||||
| Hewlett Packard Enterprise Co., 5.00%, 10/15/2034 |
1,615,000 | 1,573,095 | ||||||
| IBM International Capital Pte. Ltd., 4.90%, 02/05/2034 |
785,000 | 769,246 | ||||||
|
|
|
|||||||
| 2,342,341 | ||||||||
|
|
|
|||||||
| Principal Amount |
Value | |||||||
| Tobacco-1.29% |
||||||||
| B.A.T. Capital Corp. (United Kingdom), 6.00%, 02/20/2034 |
$ | 682,000 | $ | 709,789 | ||||
| Philip Morris International, Inc. |
||||||||
| 5.25%, 02/13/2034 |
1,376,000 | 1,385,099 | ||||||
| 4.90%, 11/01/2034 |
590,000 | 578,807 | ||||||
|
|
|
|||||||
| 2,673,695 | ||||||||
|
|
|
|||||||
| Trading Companies & Distributors-0.44% |
|
|||||||
| Ferguson Enterprises, Inc., 5.00%, 10/03/2034 |
596,000 | 574,001 | ||||||
| W.W. Grainger, Inc., 4.45%, 09/15/2034 |
360,000 | 346,931 | ||||||
|
|
|
|||||||
| 920,932 | ||||||||
|
|
|
|||||||
| Water Utilities-0.46% |
||||||||
| American Water Capital Corp., 5.15%, 03/01/2034 |
570,000 | 569,496 | ||||||
| Essential Utilities, Inc., 5.38%, 01/15/2034 |
394,000 | 393,078 | ||||||
|
|
|
|||||||
| 962,574 | ||||||||
|
|
|
|||||||
| Wireless Telecommunication Services-1.36% |
|
|||||||
| Rogers Communications, Inc. (Canada), 5.30%, 02/15/2034 |
1,015,000 | 999,102 | ||||||
| T-Mobile USA, Inc. |
||||||||
| 5.75%, 01/15/2034 |
805,000 | 835,021 | ||||||
| 5.15%, 04/15/2034 |
985,000 | 983,688 | ||||||
|
|
|
|||||||
| 2,817,811 | ||||||||
|
|
|
|||||||
| Total U.S. Dollar Denominated Bonds & Notes |
204,876,168 | |||||||
|
|
|
|||||||
| Shares | ||||||||
| Money Market Funds-0.03% |
||||||||
| Invesco Government & Agency Portfolio, Institutional Class, 4.24%(c)(d) (Cost $49,950) |
49,950 | 49,950 | ||||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral
from securities on loan)-98.63% |
204,926,118 | |||||||
|
|
|
|||||||
| Investments Purchased with Cash Collateral from Securities on Loan |
|
|||||||
| Money Market Funds-2.71% |
|
|||||||
| Invesco Private Government Fund, 4.29%(c)(d)(e) |
1,565,075 | 1,565,075 | ||||||
| Invesco Private Prime Fund, 4.45%(c)(d)(e) |
4,062,399 | 4,063,211 | ||||||
|
|
|
|||||||
| Total Investments Purchased with Cash Collateral from Securities on
Loan |
|
5,628,286 | ||||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN SECURITIES-101.34% (Cost $211,840,773) |
210,554,404 | |||||||
| OTHER ASSETS LESS LIABILITIES-(1.34)% |
(2,776,485 | ) | ||||||
|
|
|
|||||||
| NET ASSETS-100.00% |
$ | 207,777,919 | ||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2034 Corporate Bond ETF (BSCY)–(continued)
May 31, 2025
(Unaudited)
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) | All or a portion of this security was out on loan at May 31, 2025. |
| (c) | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the nine months ended May 31, 2025. |
| Value August 31, 2024 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized Appreciation (Depreciation) |
Realized Gain (Loss) |
Value May 31, 2025 |
Dividend Income | |||||||||||||||||||||||||||||
| Investments in Affiliated Money Market Funds: |
|||||||||||||||||||||||||||||||||||
| Invesco Government & Agency Portfolio, Institutional Class | $ | 148,045 | $ | 12,746,098 | $ | (12,844,193 | ) | $ | - | $ | - | $ | 49,950 | $ | 17,471 | ||||||||||||||||||||
| Investments Purchased with Cash Collateral from Securities on Loan: |
|||||||||||||||||||||||||||||||||||
| Invesco Private Government Fund | 187,415 | 14,923,463 | (13,545,803 | ) | - | - | 1,565,075 | 45,312 | * | ||||||||||||||||||||||||||
| Invesco Private Prime Fund | 679,604 | 31,011,118 | (27,627,062 | ) | (17 | ) | (432 | ) | 4,063,211 | 121,603 | * | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||
| Total | $ | 1,015,064 | $ | 58,680,679 | $ | (54,017,058 | ) | $ | (17 | ) | $ | (432 | ) | $ | 5,678,236 | $ | 184,386 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||
| * | Represents the income earned on the investment of cash collateral. 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 May 31, 2025. |
| (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. |
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments(a)
Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| U.S. Dollar Denominated Bonds & Notes-44.50% |
| |||||||
| Aerospace & Defense-4.44% |
||||||||
| Bombardier, Inc. (Canada), 7.13%, 06/15/2026(b) |
$ | 6,186,000 | $ | 6,225,306 | ||||
| Spirit AeroSystems, Inc., 9.38%, 11/30/2029(b) |
33,310,000 | 35,510,192 | ||||||
|
|
|
|||||||
| 41,735,498 | ||||||||
|
|
|
|||||||
| Building Products-0.89% |
||||||||
| New Enterprise Stone & Lime Co., Inc., 9.75%, 07/15/2028(b) |
8,267,000 | 8,347,190 | ||||||
|
|
|
|||||||
| Chemicals-1.87% |
||||||||
| Illuminate Buyer LLC/Illuminate Holdings IV, Inc., 9.00%, 07/01/2028(b)(c) |
17,490,000 | 17,560,554 | ||||||
|
|
|
|||||||
| Commercial Services & Supplies-0.85% |
||||||||
| OPENLANE, Inc., 5.13%, 06/01/2025(b) |
8,010,000 | 8,010,000 | ||||||
|
|
|
|||||||
| Consumer Finance-5.21% |
||||||||
| Navient Corp., 6.75%, 06/25/2025 |
18,792,000 | 18,796,432 | ||||||
| OneMain Finance Corp., 9.00%, 01/15/2029(c) |
28,770,000 | 30,172,111 | ||||||
|
|
|
|||||||
| 48,968,543 | ||||||||
|
|
|
|||||||
| Containers & Packaging-0.75% |
||||||||
| Ball Corp., 5.25%, 07/01/2025 |
7,041,000 | 7,061,560 | ||||||
|
|
|
|||||||
| Diversified Telecommunication Services-1.70% |
| |||||||
| Frontier Communications Holdings LLC, 8.75%, 05/15/2030(b) |
15,180,000 | 15,966,284 | ||||||
|
|
|
|||||||
| Electric Utilities-1.98% |
||||||||
| Mallinckrodt International Finance S.A., 14.75%, 11/14/2028(b) |
17,796,177 | 18,550,219 | ||||||
|
|
|
|||||||
| Electrical Equipment-5.29% |
||||||||
| WESCO Distribution, Inc., 7.25%, 06/15/2028(b)(c) |
49,103,000 | 49,714,087 | ||||||
|
|
|
|||||||
| Energy Equipment & Services-0.96% |
||||||||
| Welltec International ApS (Denmark), 8.25%, 10/15/2026(b) |
8,972,000 | 9,022,216 | ||||||
|
|
|
|||||||
| Financial Services-3.18% |
||||||||
| United Wholesale Mortgage LLC, 5.50%, 11/15/2025(b) |
29,896,000 | 29,890,511 | ||||||
|
|
|
|||||||
| Health Care REITs-0.44% |
||||||||
| Diversified Healthcare Trust, 9.75%, 06/15/2025 |
4,057,000 | 4,067,270 | ||||||
|
|
|
|||||||
| Hotels, Restaurants & Leisure-7.38% |
||||||||
| Caesars Entertainment, Inc., 8.13%, |
20,401,000 | 20,443,720 | ||||||
| Raising Cane’s Restaurants LLC, 9.38%, 05/01/2029(b)(c) |
18,682,000 | 19,848,934 | ||||||
| Sizzling Platter LLC/Sizzling Platter Finance Corp., 8.50%, 11/28/2025(b) |
15,890,000 | 15,957,850 | ||||||
| Travel + Leisure Co., 6.60%, 10/01/2025 |
13,083,000 | 13,096,933 | ||||||
|
|
|
|||||||
| 69,347,437 | ||||||||
|
|
|
|||||||
| Insurance-2.12% |
||||||||
| Jones Deslauriers Insurance Management, Inc. (Canada), 10.50%, 12/15/2030(b) |
18,530,000 | 19,890,116 | ||||||
|
|
|
|||||||
| Metals & Mining-0.07% |
||||||||
| Warrior Met Coal, Inc., 7.88%, 12/01/2028(b) |
666,000 | 678,727 | ||||||
|
|
|
|||||||
| Principal Amount |
Value | |||||||
| Mortgage REITs-2.08% |
||||||||
| Ladder Capital Finance Holdings LLLP/ Ladder Capital Finance Corp., 5.25%, 10/01/2025(b) |
$ | 9,192,000 | $ | 9,186,257 | ||||
| Rithm Capital Corp., 6.25%, 10/15/2025(b) |
10,356,000 | 10,370,778 | ||||||
|
|
|
|||||||
| 19,557,035 | ||||||||
|
|
|
|||||||
| Oil, Gas & Consumable Fuels-0.03% |
||||||||
| Range Resources Corp., 8.25%, 01/15/2029(c) |
300,000 | 308,372 | ||||||
|
|
|
|||||||
| Specialty Retail-4.13% |
||||||||
| Bath & Body Works, Inc., 7.50%, 06/15/2029(c) |
17,850,000 | 18,363,044 | ||||||
| Penske Automotive Group, Inc., 3.50%, 09/01/2025 |
20,451,000 | 20,422,510 | ||||||
|
|
|
|||||||
| 38,785,554 | ||||||||
|
|
|
|||||||
| Technology Hardware, Storage & Peripherals-1.13% |
|
|||||||
| Xerox Holdings Corp., 5.00%, 08/15/2025(b)(c) |
10,648,000 | 10,633,617 | ||||||
|
|
|
|||||||
| Total U.S. Dollar Denominated Bonds & Notes |
|
418,094,790 | ||||||
|
|
|
|||||||
| U.S. Treasury Securities-21.21% |
|
|||||||
| U.S. Treasury Bills-21.21% |
||||||||
| 4.23%–4.24%, 06/20/2025(d) |
122,000,000 | 121,741,970 | ||||||
| 4.21%–4.26%, 07/24/2025(d) |
78,000,000 | 77,524,322 | ||||||
|
|
|
|||||||
| Total U.S. Treasury Securities |
199,266,292 | |||||||
|
|
|
|||||||
| Shares | ||||||||
| Money Market Funds-33.34% |
||||||||
| Invesco Government & Agency Portfolio, Institutional Class, 4.24%(e)(f) |
313,255,268 | 313,255,268 | ||||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral
from securities on loan)-99.05% |
930,616,350 | |||||||
|
|
|
|||||||
| Investments Purchased with Cash Collateral from Securities on Loan |
|
|||||||
| Money Market Funds-4.89% |
|
|||||||
| Invesco Private Government Fund, 4.29%(e)(f)(g) |
12,753,615 | 12,753,615 | ||||||
| Invesco Private Prime Fund, 4.45%(e)(f)(g) |
33,196,368 | 33,203,007 | ||||||
|
|
|
|||||||
| Total Investments Purchased with Cash Collateral from Securities on
Loan |
|
45,956,622 | ||||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN
SECURITIES-103.94% |
|
976,572,972 | ||||||
| OTHER ASSETS LESS LIABILITIES-(3.94)% |
(37,022,670 | ) | ||||||
|
|
|
|||||||
| NET ASSETS-100.00% |
$939,550,302 | |||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP)–(continued)
May 31, 2025
(Unaudited)
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) | Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at May 31, 2025 was $305,806,558, which represented 32.55% of the Fund’s Net Assets. |
| (c) | All or a portion of this security was out on loan at May 31, 2025. |
| (d) | Security traded on a discount basis. The interest rate shown represents the discount rate at the time of purchase by the Fund. |
| (e) | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the nine months ended May 31, 2025. |
| Value August 31, 2024 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized Appreciation (Depreciation) |
Realized Gain (Loss) |
Value May 31, 2025 |
Dividend Income | |||||||||||||||||||||||||||||
| Investments in Affiliated Money Market Funds: | |||||||||||||||||||||||||||||||||||
| Invesco Government & Agency Portfolio, Institutional Class | $ | 51,739,099 | $ | 1,037,868,233 | $ | (776,352,064 | ) | $ | - | $ | - | $ | 313,255,268 | $ | 2,794,162 | ||||||||||||||||||||
| Investments Purchased with Cash Collateral from Securities on Loan: | |||||||||||||||||||||||||||||||||||
| Invesco Private Government Fund | 26,335,623 | 95,095,250 | (108,677,258 | ) | - | - | 12,753,615 | 718,737 | * | ||||||||||||||||||||||||||
| Invesco Private Prime Fund | 68,703,804 | 214,490,779 | (249,978,310 | ) | (4,376 | ) | (8,890 | ) | 33,203,007 | 1,911,146 | * | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||
| Total | $ | 146,778,526 | $ | 1,347,454,262 | $ | (1,135,007,632 | ) | $ | (4,376 | ) | $ | (8,890 | ) | $ | 359,211,890 | $ | 5,424,045 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||
| * | Represents the income earned on the investment of cash collateral. 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 May 31, 2025. |
| (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. |
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments(a)
Invesco BulletShares 2026 High Yield Corporate Bond ETF (BSJQ)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| U.S. Dollar Denominated Bonds & Notes-96.66% |
| |||||||
| Aerospace & Defense-3.51% |
||||||||
| Bombardier, Inc. (Canada), 8.75%, |
$ | 12,686,000 | $ | 13,631,843 | ||||
| Spirit AeroSystems, Inc., 9.75%, 11/15/2030(b) |
20,210,000 | 22,342,456 | ||||||
|
|
|
|||||||
| 35,974,299 | ||||||||
|
|
|
|||||||
| Automobile Components-2.07% |
||||||||
| FXI Holdings, Inc., 12.25%, 11/15/2026(b) |
7,860,000 | 6,932,916 | ||||||
| Goodyear Tire & Rubber Co. (The), 5.00%, 05/31/2026(c) |
14,262,000 | 14,279,856 | ||||||
|
|
|
|||||||
| 21,212,772 | ||||||||
|
|
|
|||||||
| Automobiles-0.97% |
||||||||
| Mclaren Finance PLC (United Kingdom), 7.50%, 08/01/2026(b) |
9,883,000 | 9,919,073 | ||||||
|
|
|
|||||||
| Banks-1.69% |
||||||||
| Freedom Mortgage Corp. |
||||||||
| 7.63%, 05/01/2026(b) |
8,056,000 | 8,048,642 | ||||||
| 12.25%, 10/01/2030(b) |
8,360,000 | 9,247,130 | ||||||
|
|
|
|||||||
| 17,295,772 | ||||||||
|
|
|
|||||||
| Building Products-0.48% |
||||||||
| STL Holding Co. LLC, 8.75%, 02/15/2029(b) |
4,650,000 | 4,874,972 | ||||||
|
|
|
|||||||
| Capital Markets-2.46% |
||||||||
| Aretec Group, Inc., 10.00%, 08/15/2030(b)(c) |
11,702,000 | 12,765,922 | ||||||
| Icahn Enterprises L.P./Icahn Enterprises Finance Corp., 6.25%, 05/15/2026 |
12,536,000 | 12,428,198 | ||||||
|
|
|
|||||||
| 25,194,120 | ||||||||
|
|
|
|||||||
| Chemicals-1.98% |
||||||||
| Consolidated Energy Finance S.A. (Switzerland), 6.50%, 05/15/2026(b) |
3,765,000 | 3,639,084 | ||||||
| SCIL IV LLC/SCIL USA Holdings LLC, 5.38%, 11/01/2026(b) |
12,707,000 | 12,651,291 | ||||||
| Scotts Miracle-Gro Co. (The), 5.25%, 12/15/2026 |
4,003,000 | 4,012,123 | ||||||
|
|
|
|||||||
| 20,302,498 | ||||||||
|
|
|
|||||||
| Commercial Services & Supplies-2.03% |
||||||||
| Crown Americas LLC/Crown Americas Capital Corp. V, 4.25%, 09/30/2026(c) |
6,682,000 | 6,615,275 | ||||||
| RB Global Holdings, Inc. (Canada), 7.75%, 03/15/2031(b)(c) |
13,527,000 | 14,177,006 | ||||||
|
|
|
|||||||
| 20,792,281 | ||||||||
|
|
|
|||||||
| Communications Equipment-1.04% |
||||||||
| Hughes Satellite Systems Corp., 5.25%, 08/01/2026(c) |
11,741,000 | 10,594,660 | ||||||
|
|
|
|||||||
| Construction & Engineering-0.49% |
||||||||
| INNOVATE Corp., 8.50%, 02/01/2026(b) |
5,580,000 | 4,973,845 | ||||||
|
|
|
|||||||
| Consumer Finance-5.96% |
||||||||
| Bread Financial Holdings, Inc., 9.75%, 03/15/2029(b)(c) |
15,045,000 | 16,054,986 | ||||||
| LFS Topco LLC, 5.88%, 10/15/2026(b) |
4,564,000 | 4,525,315 | ||||||
| Navient Corp., 6.75%, 06/15/2026 |
8,358,000 | 8,468,735 | ||||||
| OneMain Finance Corp., 7.13%, 03/15/2026 |
20,336,000 | 20,625,564 | ||||||
| Principal Amount |
Value | |||||||
| Consumer Finance-(continued) |
||||||||
| SLM Corp., 3.13%, 11/02/2026(c) |
$ | 8,457,000 | $ | 8,260,862 | ||||
| World Acceptance Corp., 7.00%, 11/01/2026(b) |
3,027,000 | 3,029,050 | ||||||
|
|
|
|||||||
| 60,964,512 | ||||||||
|
|
|
|||||||
| Consumer Staples Distribution & Retail-3.55% |
|
|||||||
| Albertson’s Cos., Inc./Safeway, Inc./New Albertson’s L.P./Albertson’s LLC, 3.25%, 03/15/2026(b) |
12,541,000 | 12,351,014 | ||||||
| Walgreens Boots Alliance, Inc., 3.45%, 06/01/2026(c) |
24,471,000 | 23,945,417 | ||||||
|
|
|
|||||||
| 36,296,431 | ||||||||
|
|
|
|||||||
| Containers & Packaging-1.59% |
||||||||
| Ball Corp., 4.88%, 03/15/2026 |
4,281,000 | 4,282,570 | ||||||
| Cascades, Inc./Cascades USA, Inc. (Canada), 5.13%, 01/15/2026(b) |
3,255,000 | 3,255,846 | ||||||
| Crown Cork & Seal Co., Inc., 7.38%, 12/15/2026(c) |
5,920,000 | 6,109,304 | ||||||
| Mauser Packaging Solutions Holding Co., 7.88%, 08/15/2026(b) |
2,611,000 | 2,606,428 | ||||||
|
|
|
|||||||
| 16,254,148 | ||||||||
|
|
|
|||||||
| Distributors-2.08% |
||||||||
| Evergreen Acqco 1 L.P./TVI, Inc., 9.75%, 04/26/2028(b)(c) |
6,780,000 | 7,102,599 | ||||||
| Windsor Holdings III LLC, 8.50%, 06/15/2030(b) |
13,370,000 | 14,163,737 | ||||||
|
|
|
|||||||
| 21,266,336 | ||||||||
|
|
|
|||||||
| Diversified Consumer Services-0.62% |
||||||||
| Graham Holdings Co., 5.75%, 06/01/2026(b) |
6,343,000 | 6,340,425 | ||||||
|
|
|
|||||||
| Diversified Telecommunication Services-5.48% |
|
|||||||
| Frontier Communications Holdings LLC |
||||||||
| 8.75%, 05/15/2030(b) |
15,941,000 | 16,766,702 | ||||||
| 8.63%, 03/15/2031(b) |
12,682,000 | 13,510,171 | ||||||
| Level 3 Financing, Inc., 10.50%, 05/15/2030(b)(c) |
15,632,000 | 17,136,580 | ||||||
| Radiate Holdco LLC/Radiate Finance, Inc., 4.50%, 09/15/2026(b)(c) |
10,106,000 | 8,676,051 | ||||||
|
|
|
|||||||
| 56,089,504 | ||||||||
|
|
|
|||||||
| Electric Utilities-7.35% |
||||||||
| Talen Energy Supply LLC, 8.63%, 06/01/2030(b) |
20,290,000 | 21,681,425 | ||||||
| Terraform Global Operating L.P., 6.13%, 03/01/2026(b) |
2,649,000 | 2,617,770 | ||||||
| Vistra Operations Co. LLC |
||||||||
| 5.50%, 09/01/2026(b) |
16,766,000 | 16,791,769 | ||||||
| 7.75%, 10/15/2031(b) |
24,521,000 | 26,015,873 | ||||||
| XPLR Infrastructure Operating Partners L.P., 3.88%, 10/15/2026(b)(c) |
8,357,000 | 8,124,711 | ||||||
|
|
|
|||||||
| 75,231,548 | ||||||||
|
|
|
|||||||
| Energy Equipment & Services-1.47% |
||||||||
| Helix Energy Solutions Group, Inc., 9.75%, 03/01/2029(b) |
4,640,000 | 4,816,339 | ||||||
| Permian Resources Operating LLC |
||||||||
| 5.38%, 01/15/2026(b) |
4,589,000 | 4,579,886 | ||||||
| 9.88%, 07/15/2031(b) |
5,146,000 | 5,623,425 | ||||||
|
|
|
|||||||
| 15,019,650 | ||||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 High Yield Corporate Bond ETF (BSJQ)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Entertainment-0.49% |
||||||||
| Live Nation Entertainment, Inc., 5.63%, 03/15/2026(b)(c) |
$ | 5,018,000 | $ | 5,027,900 | ||||
|
|
|
|||||||
| Financial Services-7.55% |
||||||||
| Burford Capital Global Finance LLC, 9.25%, 07/01/2031(b)(c) |
11,410,000 | 12,170,591 | ||||||
| eG Global Finance PLC (United Kingdom), 12.00%, 11/30/2028(b)(c) |
18,392,000 | 20,307,140 | ||||||
| GGAM Finance Ltd. (Ireland), 7.75%, 05/15/2026(b) |
6,685,000 | 6,753,434 | ||||||
| Jefferson Capital Holdings LLC, 6.00%, 08/15/2026(b) |
5,011,000 | 4,990,179 | ||||||
| Nationstar Mortgage Holdings, Inc., 5.00%, 02/01/2026(b) |
8,358,000 | 8,334,155 | ||||||
| NCR Atleos Corp., 9.50%, 04/01/2029(b) |
22,570,000 | 24,667,769 | ||||||
|
|
|
|||||||
| 77,223,268 | ||||||||
|
|
|
|||||||
| Gas Utilities-0.99% |
||||||||
| Ferrellgas L.P./Ferrellgas Finance Corp., 5.38%, 04/01/2026(b) |
10,305,000 | 10,158,681 | ||||||
|
|
|
|||||||
| Health Care Providers & Services-3.42% |
||||||||
| LifePoint Health, Inc. |
||||||||
| 9.88%, 08/15/2030(b) |
13,525,000 | 14,507,416 | ||||||
| 11.00%, 10/15/2030(b)(c) |
18,596,000 | 20,466,590 | ||||||
|
|
|
|||||||
| 34,974,006 | ||||||||
|
|
|
|||||||
| Hotel & Resort REITs-0.81% |
||||||||
| RLJ Lodging Trust L.P., 3.75%, 07/01/2026(b)(c) |
8,453,000 | 8,324,524 | ||||||
|
|
|
|||||||
| Hotels, Restaurants & Leisure-5.61% |
||||||||
| Brinker International, Inc., 8.25%, 07/15/2030(b) |
5,852,000 | 6,196,250 | ||||||
| CCM Merger, Inc., 6.38%, 05/01/2026(b) |
4,479,000 | 4,483,507 | ||||||
| CEC Entertainment LLC, 6.75%, 05/01/2026(b)(c) |
10,995,000 | 10,828,188 | ||||||
| Empire Resorts, Inc., 7.75%, 11/01/2026(b) |
5,056,000 | 4,984,660 | ||||||
| MGM Resorts International, 4.63%, 09/01/2026(c) |
6,761,000 | 6,736,834 | ||||||
| Travel + Leisure Co., 6.63%, 07/31/2026(b) |
10,996,000 | 11,116,340 | ||||||
| Viking Cruises Ltd., 9.13%, 07/15/2031(b) |
12,175,000 | 13,079,590 | ||||||
|
|
|
|||||||
| 57,425,369 | ||||||||
|
|
|
|||||||
| Household Durables-3.28% |
||||||||
| Newell Brands, Inc., 5.70%, 04/01/2026 |
19,203,000 | 19,350,613 | ||||||
| WASH Multifamily Acquisition, Inc., 5.75%, 04/15/2026(b)(c) |
14,213,000 | 14,193,405 | ||||||
|
|
|
|||||||
| 33,544,018 | ||||||||
|
|
|
|||||||
| Insurance-1.24% |
||||||||
| Jones Deslauriers Insurance Management, Inc. (Canada), 8.50%, 03/15/2030(b) |
12,117,000 | 12,732,653 | ||||||
|
|
|
|||||||
| IT Services-1.55% |
||||||||
| Cogent Communications Group, Inc., 3.50%, 05/01/2026(b)(c) |
8,458,000 | 8,393,658 | ||||||
| Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., 4.63%, 11/01/2026(b) |
7,527,000 | 7,516,941 | ||||||
|
|
|
|||||||
| 15,910,599 | ||||||||
|
|
|
|||||||
| Life Sciences Tools & Services-1.71% |
||||||||
| IQVIA, Inc., 5.00%, 10/15/2026(b)(c) |
17,553,000 | 17,508,305 | ||||||
|
|
|
|||||||
| Principal Amount |
Value | |||||||
| Machinery-0.90% |
||||||||
| Chart Industries, Inc., 9.50%, 01/01/2031(b)(c) |
$ | 8,628,000 | $ | 9,200,140 | ||||
|
|
|
|||||||
| Marine Transportation-1.38% |
||||||||
| NCL Corp. Ltd., 8.13%, 01/15/2029(b) |
13,360,000 | 14,075,121 | ||||||
|
|
|
|||||||
| Media-7.18% |
||||||||
| CCO Holdings LLC/CCO Holdings Capital Corp., 5.50%, 05/01/2026(b) |
12,686,000 | 12,662,450 | ||||||
| DISH DBS Corp., 5.25%, 12/01/2026(b) |
38,045,000 | 35,190,144 | ||||||
| Sirius XM Radio LLC, 3.13%, 09/01/2026(b) |
16,912,000 | 16,533,970 | ||||||
| TEGNA, Inc., 4.75%, 03/15/2026(b) |
9,190,000 | 9,139,928 | ||||||
|
|
|
|||||||
| 73,526,492 | ||||||||
|
|
|
|||||||
| Metals & Mining-2.07% |
||||||||
| Baffinland Iron Mines Corp./Baffinland Iron Mines L.P. (Canada), 8.75%, 07/15/2026(b) |
9,613,000 | 8,750,765 | ||||||
| Novelis Corp., 3.25%, 11/15/2026(b) |
12,682,000 | 12,448,962 | ||||||
|
|
|
|||||||
| 21,199,727 | ||||||||
|
|
|
|||||||
| Mortgage REITs-0.64% |
||||||||
| Starwood Property Trust, Inc., 3.63%, 07/15/2026(b) |
6,690,000 | 6,537,055 | ||||||
|
|
|
|||||||
| Oil, Gas & Consumable Fuels-5.36% |
||||||||
| Blue Racer Midstream LLC/Blue Racer Finance Corp., 6.63%, 07/15/2026(b)(c) |
4,756,000 | 4,771,847 | ||||||
| Buckeye Partners L.P., 3.95%, 12/01/2026 |
9,439,000 | 9,261,557 | ||||||
| CITGO Petroleum Corp., 6.38%, 06/15/2026(b) |
10,340,000 | 10,363,981 | ||||||
| Civitas Resources, Inc., 5.00%, 10/15/2026(b)(c) |
6,294,000 | 6,184,514 | ||||||
| Range Resources Corp., 8.25%, 01/15/2029 |
9,513,000 | 9,778,470 | ||||||
| SM Energy Co., 6.75%, 09/15/2026 |
6,645,000 | 6,639,519 | ||||||
| Strathcona Resources Ltd. (Canada), 6.88%, 08/01/2026(b)(c) |
7,865,000 | 7,906,795 | ||||||
|
|
|
|||||||
| 54,906,683 | ||||||||
|
|
|
|||||||
| Real Estate Management & Development-1.41% |
|
|||||||
| Cushman & Wakefield U.S. Borrower LLC, 8.88%, 09/01/2031(b)(c) |
6,760,000 | 7,235,127 | ||||||
| Greystar Real Estate Partners LLC, 7.75%, 09/01/2030(b) |
6,765,000 | 7,183,090 | ||||||
|
|
|
|||||||
| 14,418,217 | ||||||||
|
|
|
|||||||
| Software-1.66% |
||||||||
| ACI Worldwide, Inc., 5.75%, 08/15/2026(b) |
6,285,000 | 6,285,283 | ||||||
| Consensus Cloud Solutions, Inc., 6.00%, 10/15/2026(b) |
3,960,000 | 3,930,399 | ||||||
| Fair Isaac Corp., 5.25%, 05/15/2026(b)(c) |
6,766,000 | 6,759,588 | ||||||
|
|
|
|||||||
| 16,975,270 | ||||||||
|
|
|
|||||||
| Technology Hardware, Storage & Peripherals-2.57% |
|
|||||||
| Seagate HDD Cayman |
||||||||
| 8.25%, 12/15/2029(c) |
8,360,000 | 8,917,111 | ||||||
| 8.50%, 07/15/2031 |
8,358,000 | 8,931,016 | ||||||
| Western Digital Corp., 4.75%, 02/15/2026(c) |
8,451,000 | 8,428,935 | ||||||
|
|
|
|||||||
| 26,277,062 | ||||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 High Yield Corporate Bond ETF (BSJQ)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Textiles, Apparel & Luxury Goods-2.02% |
||||||||
| Hanesbrands, Inc., 9.00%, 02/15/2031(b)(c) |
$ | 10,133,000 | $ | 10,715,283 | ||||
| Under Armour, Inc., 3.25%, 06/15/2026 |
10,149,000 | 9,932,120 | ||||||
|
|
|
|||||||
| 20,647,403 | ||||||||
|
|
|
|||||||
| Total U.S. Dollar Denominated Bonds & Notes |
|
989,189,339 | ||||||
|
|
|
|||||||
| Shares | ||||||||
| Money Market Funds-4.88% |
||||||||
| Invesco Government & Agency Portfolio, Institutional Class, 4.24%(d)(e) |
49,978,386 | 49,978,386 | ||||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral
from securities on loan)-101.54% |
1,039,167,725 | |||||||
|
|
|
|||||||
Investment Abbreviations:
REIT -Real Estate Investment Trust
| Shares | Value | |||||||
| Investments Purchased with Cash Collateral from Securities on Loan | ||||||||
| Money Market Funds-11.35% |
||||||||
| Invesco Private Government
Fund, |
30,465,625 | $ | 30,465,625 | |||||
| Invesco Private Prime Fund, 4.45%(d)(e)(f) |
85,645,324 | 85,662,453 | ||||||
|
|
|
|||||||
| Total Investments Purchased with Cash Collateral from Securities on
Loan |
|
116,128,078 | ||||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN
SECURITIES-112.89% |
|
1,155,295,803 | ||||||
| OTHER ASSETS LESS LIABILITIES-(12.89)% |
(131,893,475 | ) | ||||||
|
|
|
|||||||
| NET ASSETS-100.00% |
$ | 1,023,402,328 | ||||||
|
|
|
|||||||
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) | Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at May 31, 2025 was $781,590,600, which represented 76.37% of the Fund’s Net Assets. |
| (c) | All or a portion of this security was out on loan at May 31, 2025. |
| (d) | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the nine months ended May 31, 2025. |
| Value August 31, 2024 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized Appreciation (Depreciation) |
Realized Gain (Loss) |
Value May 31, 2025 |
Dividend Income | |||||||||||||||||||||||||||||
| Investments in Affiliated Money Market Funds: | |||||||||||||||||||||||||||||||||||
| Invesco Government & Agency Portfolio, Institutional Class | $ | 9,201,671 | $ | 381,180,378 | $ | (340,403,663 | ) | $ | - | $ | - | $ | 49,978,386 | $ | 1,039,781 | ||||||||||||||||||||
| Investments Purchased with Cash Collateral from Securities on Loan: | |||||||||||||||||||||||||||||||||||
| Invesco Private Government Fund | 39,509,241 | 165,506,761 | (174,550,377 | ) | - | - | 30,465,625 | 1,331,313 | * | ||||||||||||||||||||||||||
| Invesco Private Prime Fund |
103,085,105 | 357,035,696 | (374,434,287 | ) | (11,270 | ) | (12,791 | ) | 85,662,453 | 3,568,132 | * | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||
| Total | $ | 151,796,017 | $ | 903,722,835 | $ | (889,388,327 | ) | $ | (11,270 | ) | $ | (12,791 | ) | $ | 166,106,464 | $ | 5,939,226 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||
| * | Represents the income earned on the investment of cash collateral. 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 May 31, 2025. |
| (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. |
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments(a)
Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| U.S. Dollar Denominated Bonds & Notes-96.53% |
| |||||||
| Aerospace & Defense-1.11% |
||||||||
| Bombardier, Inc. (Canada), 7.25%, |
$ | 3,210,000 | $ | 3,314,328 | ||||
| Moog, Inc., 4.25%, 12/15/2027(b) |
2,138,000 | 2,072,574 | ||||||
|
|
|
|||||||
| 5,386,902 | ||||||||
|
|
|
|||||||
| Automobile Components-2.50% |
||||||||
| American Axle & Manufacturing, Inc., 6.50%, 04/01/2027(c) |
2,138,000 | 2,129,571 | ||||||
| Avis Budget Car Rental LLC/Avis Budget Finance, Inc. |
||||||||
| 5.75%, 07/15/2027(b)(c) |
1,685,000 | 1,663,764 | ||||||
| 5.75%, 07/15/2027(b)(c) |
1,534,000 | 1,516,374 | ||||||
| Dana, Inc., 5.38%, 11/15/2027 |
1,705,000 | 1,700,645 | ||||||
| Goodyear Tire & Rubber Co. (The), 4.88%, 03/15/2027(c) |
2,990,000 | 2,950,761 | ||||||
| United Rentals (North America), Inc., 5.50%, 05/15/2027 |
2,192,000 | 2,194,424 | ||||||
|
|
|
|||||||
| 12,155,539 | ||||||||
|
|
|
|||||||
| Automobiles-0.34% |
||||||||
| Allison Transmission, Inc., 4.75%, 10/01/2027(b) |
1,705,000 | 1,677,507 | ||||||
|
|
|
|||||||
| Banks-0.48% |
||||||||
| Freedom Mortgage Corp., 6.63%, 01/15/2027(b)(c) |
2,353,000 | 2,349,015 | ||||||
|
|
|
|||||||
| Broadline Retail-1.76% |
||||||||
| Rakuten Group, Inc. (Japan), 11.25%, 02/15/2027(b)(c) |
7,913,000 | 8,547,800 | ||||||
|
|
|
|||||||
| Building Products-0.61% |
||||||||
| Advanced Drainage Systems, Inc., 5.00%, 09/30/2027(b) |
1,500,000 | 1,483,717 | ||||||
| JELD-WEN, Inc., 4.88%, 12/15/2027(b)(c) |
1,706,000 | 1,491,221 | ||||||
|
|
|
|||||||
| 2,974,938 | ||||||||
|
|
|
|||||||
| Capital Markets-1.22% |
||||||||
| Icahn Enterprises L.P./Icahn Enterprises Finance Corp., 5.25%, 05/15/2027 |
6,211,000 | 5,915,190 | ||||||
|
|
|
|||||||
| Chemicals-2.63% |
||||||||
| Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B B.V., 4.75%, 06/15/2027(b) |
2,138,000 | 2,117,120 | ||||||
| Chemours Co. (The), 5.38%, 05/15/2027(c) |
2,110,000 | 2,067,166 | ||||||
| HB Fuller Co., 4.00%, 02/15/2027(c) |
1,322,000 | 1,300,385 | ||||||
| Methanex Corp. (Canada), 5.13%, 10/15/2027 |
2,990,000 | 2,966,448 | ||||||
| Olympus Water US Holding Corp., 7.13%, 10/01/2027(b)(c) |
1,386,000 | 1,410,459 | ||||||
| SNF Group SACA (France), 3.13%, |
1,493,000 | 1,434,730 | ||||||
| Suburban Propane Partners L.P./Suburban Energy Finance Corp., 5.88%, 03/01/2027 |
1,492,000 | 1,489,628 | ||||||
|
|
|
|||||||
| 12,785,936 | ||||||||
|
|
|
|||||||
| Commercial Services & Supplies-5.71% |
||||||||
| Allied Universal Holdco LLC/Allied Universal Finance Corp., 9.75%, 07/15/2027(b) |
4,489,000 | 4,528,898 | ||||||
| Brink’s Co. (The), 4.63%, 10/15/2027(b)(c) |
2,562,000 | 2,529,296 | ||||||
| Clean Harbors, Inc., 4.88%, 07/15/2027(b) |
2,331,000 | 2,310,369 | ||||||
| CoreCivic, Inc., 4.75%, 10/15/2027 |
1,043,000 | 1,018,791 | ||||||
| Enviri Corp., 5.75%, 07/31/2027(b)(c) |
2,087,000 | 2,053,432 | ||||||
| Principal Amount |
Value | |||||||
| Commercial Services & Supplies-(continued) |
||||||||
| Garda World Security Corp. (Canada), 4.63%, 02/15/2027(b)(c) |
$ | 2,446,000 | $ | 2,416,188 | ||||
| GEO Group, Inc. (The), 10.25%, 04/15/2031 |
2,740,000 | 3,005,936 | ||||||
| Matthews International Corp., 8.63%, 10/01/2027(b) |
1,280,000 | 1,331,087 | ||||||
| Pitney Bowes, Inc., 6.88%, 03/15/2027(b) |
1,609,000 | 1,618,832 | ||||||
| Prime Security Services Borrower LLC/Prime Finance, Inc., 3.38%, 08/31/2027(b)(c) |
4,274,000 | 4,106,914 | ||||||
| Sabre GLBL, Inc., 8.63%, 06/01/2027(b)(c) |
2,771,000 | 2,852,828 | ||||||
|
|
|
|||||||
| 27,772,571 | ||||||||
|
|
|
|||||||
| Communications Equipment-0.65% |
||||||||
| CommScope Technologies LLC, 5.00%, 03/15/2027(b) |
3,290,000 | 3,182,146 | ||||||
|
|
|
|||||||
| Construction & Engineering-1.28% |
||||||||
| AECOM, 5.13%, 03/15/2027 |
4,379,000 | 4,378,422 | ||||||
| Pike Corp., 8.63%, 01/31/2031(b) |
1,709,000 | 1,842,866 | ||||||
|
|
|
|||||||
| 6,221,288 | ||||||||
|
|
|
|||||||
| Consumer Finance-1.75% |
||||||||
| Navient Corp. |
||||||||
| 5.00%, 03/15/2027 |
2,990,000 | 2,961,470 | ||||||
| 11.50%, 03/15/2031(c) |
2,138,000 | 2,423,926 | ||||||
| OneMain Finance Corp., 3.50%, 01/15/2027(c) |
3,209,000 | 3,111,308 | ||||||
|
|
|
|||||||
| 8,496,704 | ||||||||
|
|
|
|||||||
| Consumer Staples Distribution & Retail-2.13% |
|
|||||||
| Albertson’s Cos., Inc./Safeway, Inc./New Albertson’s L.P./Albertson’s LLC, 4.63%, 01/15/2027(b) |
5,923,000 | 5,869,063 | ||||||
| Performance Food Group, Inc., 5.50%, 10/15/2027(b) |
4,534,000 | 4,519,252 | ||||||
|
|
|
|||||||
| 10,388,315 | ||||||||
|
|
|
|||||||
| Containers & Packaging-5.86% |
||||||||
| Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC, 6.00%, 06/15/2027(b) |
2,632,000 | 2,640,272 | ||||||
| Graphic Packaging International LLC, 4.75%, 07/15/2027(b) |
1,321,000 | 1,305,664 | ||||||
| LABL, Inc., 10.50%, 07/15/2027(b) |
2,954,000 | 2,807,579 | ||||||
| Mauser Packaging Solutions Holding Co. |
||||||||
| 7.88%, 04/15/2027(b) |
11,530,000 | 11,653,786 | ||||||
| 9.25%, 04/15/2027(b) |
5,742,000 | 5,661,211 | ||||||
| Owens-Brockway Glass Container, Inc., 6.63%, 05/13/2027(b)(c) |
2,685,000 | 2,688,150 | ||||||
| Sealed Air Corp., 4.00%, 12/01/2027(b)(c) |
1,819,075 | 1,765,586 | ||||||
|
|
|
|||||||
| 28,522,248 | ||||||||
|
|
|
|||||||
| Diversified Consumer Services-1.14% |
||||||||
| Service Corp. International, 4.63%, 12/15/2027 |
2,348,000 | 2,313,914 | ||||||
| Sotheby’s, 7.38%, 10/15/2027(b)(c) |
3,245,000 | 3,211,601 | ||||||
|
|
|
|||||||
| 5,525,515 | ||||||||
|
|
|
|||||||
| Diversified Telecommunication Services-7.12% |
|
|||||||
| Altice France S.A. (France), 8.13%, 02/01/2027(b) |
5,715,000 | 5,249,967 | ||||||
| Frontier Communications Holdings LLC, 5.88%, 10/15/2027(b) |
4,927,000 | 4,942,924 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Diversified Telecommunication Services-(continued) |
|
|||||||
| Iliad Holding S.A.S.U. (France), 8.50%, 04/15/2031(b) |
$ | 4,064,000 | $ | 4,292,434 | ||||
| Level 3 Financing, Inc. |
||||||||
| 10.50%, 04/15/2029(b)(c) |
2,863,000 | 3,228,033 | ||||||
| 11.00%, 11/15/2029(b) |
6,743,000 | 7,657,793 | ||||||
| 10.75%, 12/15/2030(b)(c) |
2,914,000 | 3,292,820 | ||||||
| Zayo Group Holdings, Inc., 4.00%, 03/01/2027, (Acquired 04/09/2020 -05/30/2025; Cost $5,813,684)(b)(d) |
6,336,000 | 5,965,871 | ||||||
|
|
|
|||||||
| 34,629,842 | ||||||||
|
|
|
|||||||
| Electric Utilities-1.64% |
||||||||
| Vistra Operations Co. LLC, 5.00%, 07/31/2027(b) |
5,707,000 | 5,693,933 | ||||||
| XPLR Infrastructure Operating Partners L.P., 4.50%, 09/15/2027(b)(c) |
2,352,000 | 2,276,751 | ||||||
|
|
|
|||||||
| 7,970,684 | ||||||||
|
|
|
|||||||
| Electrical Equipment-0.26% |
||||||||
| EnerSys, 4.38%, 12/15/2027(b) |
1,314,000 | 1,272,505 | ||||||
|
|
|
|||||||
| Energy Equipment & Services-2.28% |
||||||||
| Enerflex Ltd. (Canada), 9.00%, 10/15/2027(b) |
2,453,000 | 2,528,881 | ||||||
| Nabors Industries, Inc., 7.38%, 05/15/2027(b) |
2,990,000 | 2,873,297 | ||||||
| Permian Resources Operating LLC, 8.00%, 04/15/2027(b) |
2,354,000 | 2,398,072 | ||||||
| USA Compression Partners L.P./USA Compression Finance Corp., 6.88%, 09/01/2027 |
3,290,000 | 3,291,094 | ||||||
|
|
|
|||||||
| 11,091,344 | ||||||||
|
|
|
|||||||
| Entertainment-2.28% |
||||||||
| Live Nation Entertainment, Inc. |
||||||||
| 6.50%, 05/15/2027(b) |
5,273,000 | 5,339,424 | ||||||
| 4.75%, 10/15/2027(b)(c) |
4,058,000 | 3,997,320 | ||||||
| Odeon Finco PLC (United Kingdom), 12.75%, 11/01/2027(b) |
1,709,000 | 1,770,110 | ||||||
|
|
|
|||||||
| 11,106,854 | ||||||||
|
|
|
|||||||
| Financial Services-2.57% |
||||||||
| GGAM Finance Ltd. (Ireland), 8.00%, 02/15/2027(b) |
3,000,000 | 3,089,403 | ||||||
| LD Holdings Group LLC, 8.75%, 11/01/2027(b) |
1,460,000 | 1,316,568 | ||||||
| Nationstar Mortgage Holdings, Inc., 6.00%, 01/15/2027(b) |
2,618,000 | 2,620,199 | ||||||
| Nissan Motor Acceptance Co. LLC, 5.30%, 09/13/2027(b)(c) |
1,710,000 | 1,677,910 | ||||||
| Oxford Finance LLC/Oxford Finance Co.-Issuer II, Inc., 6.38%, 02/01/2027(b) |
1,709,000 | 1,698,641 | ||||||
| United Wholesale Mortgage LLC, 5.75%, 06/15/2027(b) |
2,137,000 | 2,107,801 | ||||||
|
|
|
|||||||
| 12,510,522 | ||||||||
|
|
|
|||||||
| Gas Utilities-0.45% |
||||||||
| AmeriGas Partners L.P./AmeriGas Finance Corp., 5.75%, 05/20/2027 |
2,250,000 | 2,203,304 | ||||||
|
|
|
|||||||
| Health Care Equipment & Supplies-1.09% |
||||||||
| Neogen Food Safety Corp., 8.63%, 07/20/2030(b)(c) |
1,540,000 | 1,606,999 | ||||||
| Principal Amount |
Value | |||||||
| Health Care Equipment & Supplies-(continued) |
||||||||
| Teleflex, Inc., 4.63%, 11/15/2027 |
$ | 2,137,000 | $ | 2,105,547 | ||||
| Varex Imaging Corp., 7.88%, 10/15/2027(b) |
1,614,000 | 1,607,871 | ||||||
|
|
|
|||||||
| 5,320,417 | ||||||||
|
|
|
|||||||
| Health Care Providers & Services-4.18% |
||||||||
| Community Health Systems, Inc., 5.63%, 03/15/2027(b) |
7,505,000 | 7,399,867 | ||||||
| Tenet Healthcare Corp. |
||||||||
| 6.25%, 02/01/2027(c) |
6,532,000 | 6,540,727 | ||||||
| 5.13%, 11/01/2027 |
6,413,000 | 6,377,134 | ||||||
|
|
|
|||||||
| 20,317,728 | ||||||||
|
|
|
|||||||
| Health Care REITs-1.08% |
||||||||
| MPT Operating Partnership L.P./MPT Finance Corp., 5.00%, 10/15/2027 |
5,982,000 | 5,233,054 | ||||||
|
|
|
|||||||
| Health Care Technology-0.27% |
||||||||
| Cogent Communications Group, Inc./Cogent Communications Finance, Inc., 7.00%, 06/15/2027(b) |
1,320,000 | 1,329,178 | ||||||
|
|
|
|||||||
| Hotel & Resort REITs-0.99% |
||||||||
| RHP Hotel Properties L.P./RHP Finance Corp., 4.75%, 10/15/2027 |
2,994,000 | 2,960,386 | ||||||
| Service Properties Trust, 5.50%, 12/15/2027(c) |
1,921,000 | 1,855,369 | ||||||
|
|
|
|||||||
| 4,815,755 | ||||||||
|
|
|
|||||||
| Hotels, Restaurants & Leisure-7.59% |
||||||||
| Academy Ltd., 6.00%, 11/15/2027(b) |
1,755,000 | 1,760,593 | ||||||
| Boyd Gaming Corp., 4.75%, 12/01/2027(c) |
4,290,000 | 4,235,050 | ||||||
| Carnival Corp., 5.75%, 03/01/2027(b) |
11,645,000 | 11,681,407 | ||||||
| Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., 4.88%, 04/01/2027(c) |
2,576,000 | 2,569,419 | ||||||
| KFC Holding Co./Pizza Hut Holdings LLC/ Taco Bell of America LLC, 4.75%, 06/01/2027(b) |
3,295,000 | 3,285,434 | ||||||
| Lindblad Expeditions LLC, 6.75%, 02/15/2027(b) |
1,583,000 | 1,579,035 | ||||||
| PENN Entertainment, Inc., 5.63%, 01/15/2027(b)(c) |
1,755,000 | 1,733,796 | ||||||
| Six Flags Entertainment Corp., 5.50%, 04/15/2027(b)(c) |
2,197,000 | 2,198,561 | ||||||
| Six Flags Entertainment Corp./Canada’s Wonderland Co./Magnum Management |
2,196,000 | 2,196,562 | ||||||
| Travel + Leisure Co., Series J, 6.00%, 04/01/2027(c) |
1,756,000 | 1,769,725 | ||||||
| Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., 5.25%, 05/15/2027(b)(c) |
3,954,000 | 3,938,609 | ||||||
|
|
|
|||||||
| 36,948,191 | ||||||||
|
|
|
|||||||
| Household Durables-1.47% |
||||||||
| Beazer Homes USA, Inc., 5.88%, 10/15/2027(c) |
1,564,000 | 1,549,623 | ||||||
| Mattamy Group Corp. (Canada), 5.25%, 12/15/2027(b) |
2,197,000 | 2,186,429 | ||||||
| Newell Brands, Inc., 6.38%, 09/15/2027(c) |
2,137,000 | 2,147,986 | ||||||
| Tri Pointe Homes, Inc., 5.25%, 06/01/2027 |
1,284,000 | 1,272,253 | ||||||
|
|
|
|||||||
| 7,156,291 | ||||||||
|
|
|
|||||||
| Household Products-0.26% |
||||||||
| Energizer Holdings, Inc., 6.50%, 12/31/2027(b) |
1,264,000 | 1,273,379 | ||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Insurance-2.29% |
||||||||
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer |
||||||||
| 4.25%, 10/15/2027(b)(c) |
$ | 3,207,000 | $ | 3,118,749 | ||||
| 6.75%, 10/15/2027(b) |
5,735,000 | 5,737,126 | ||||||
| AssuredPartners, Inc., 7.50%, 02/15/2032(b) |
2,151,000 | 2,304,183 | ||||||
|
|
|
|||||||
| 11,160,058 | ||||||||
|
|
|
|||||||
| Interactive Media & Services-1.93% |
||||||||
| Match Group Holdings II LLC, 5.00%, 12/15/2027(b)(c) |
1,921,000 | 1,904,735 | ||||||
| Nexstar Media, Inc., 5.63%, 07/15/2027(b)(c) |
7,527,000 | 7,501,606 | ||||||
|
|
|
|||||||
| 9,406,341 | ||||||||
|
|
|
|||||||
| IT Services-1.23% |
||||||||
| Cablevision Lightpath LLC, 3.88%, 09/15/2027(b)(c) |
1,979,000 | 1,902,567 | ||||||
| Cogent Communications Group, Inc., 7.00%, 06/15/2027(b)(c) |
1,971,000 | 1,983,038 | ||||||
| Unisys Corp., 6.88%, 11/01/2027(b)(c) |
2,127,000 | 2,119,552 | ||||||
|
|
|
|||||||
| 6,005,157 | ||||||||
|
|
|
|||||||
| Machinery-1.66% |
||||||||
| Park-Ohio Industries, Inc., 6.63%, 04/15/2027 |
1,496,000 | 1,452,491 | ||||||
| TK Elevator U.S. Newco, Inc. (Germany), 5.25%, 07/15/2027(b) |
6,670,000 | 6,611,019 | ||||||
|
|
|
|||||||
| 8,063,510 | ||||||||
|
|
|
|||||||
| Media-10.28% |
||||||||
| Altice Financing S.A. (Luxembourg), 9.63%, 07/15/2027(b) |
1,560,000 | 1,371,310 | ||||||
| Belo Corp. |
||||||||
| 7.75%, 06/01/2027 |
882,000 | 911,757 | ||||||
| 7.25%, 09/15/2027 |
1,055,000 | 1,087,160 | ||||||
| CCO Holdings LLC/CCO Holdings Capital Corp., 5.13%, 05/01/2027(b) |
14,266,000 | 14,127,741 | ||||||
| Clear Channel Outdoor Holdings, Inc., 5.13%, 08/15/2027(b)(c) |
5,354,000 | 5,241,070 | ||||||
| CSC Holdings LLC, 5.50%, 04/15/2027(b) |
5,608,000 | 5,316,156 | ||||||
| DISH Network Corp., 11.75%, 11/15/2027(b) |
14,972,000 | 15,456,808 | ||||||
| Sirius XM Radio LLC, 5.00%, 08/01/2027(b) |
6,585,000 | 6,520,971 | ||||||
|
|
|
|||||||
| 50,032,973 | ||||||||
|
|
|
|||||||
| Metals & Mining-0.45% |
||||||||
| Compass Minerals International, Inc., 6.75%, 12/01/2027(b)(c) |
2,197,000 | 2,198,424 | ||||||
|
|
|
|||||||
| Mortgage REITs-0.71% |
||||||||
| Blackstone Mortgage Trust, Inc., 3.75%, 01/15/2027(b) |
1,432,000 | 1,383,363 | ||||||
| Starwood Property Trust, Inc., 4.38%, 01/15/2027(b)(c) |
2,097,000 | 2,061,133 | ||||||
|
|
|
|||||||
| 3,444,496 | ||||||||
|
|
|
|||||||
| Office REITs-0.30% |
||||||||
| Office Properties Income Trust, 3.25%, 03/15/2027(b)(c) |
1,798,294 | 1,441,250 | ||||||
|
|
|
|||||||
| Oil, Gas & Consumable Fuels-5.43% |
||||||||
| Ascent Resources Utica Holdings LLC/ARU Finance Corp., 9.00%, 11/01/2027(b) |
1,399,000 | 1,679,835 | ||||||
| Principal Amount |
Value | |||||||
| Oil, Gas & Consumable Fuels-(continued) |
||||||||
| Calumet Specialty Products Partners L.P./Calumet Finance Corp., 8.13%, 01/15/2027(b) |
$ | 1,385,000 | $ | 1,337,617 | ||||
| EnQuest PLC (United Kingdom), 11.63%, 11/01/2027(b)(c) |
1,986,000 | 1,977,867 | ||||||
| FTAI Infra Escrow Holdings LLC, 10.50%, 06/01/2027(b) |
2,569,000 | 2,654,735 | ||||||
| Murphy Oil USA, Inc., 5.63%, 05/01/2027 |
1,271,000 | 1,269,435 | ||||||
| NuStar Logistics L.P., 5.63%, 04/28/2027 |
2,322,000 | 2,329,231 | ||||||
| Parkland Corp. (Canada), 5.88%, 07/15/2027(b) |
2,138,000 | 2,134,198 | ||||||
| SM Energy Co., 6.63%, 01/15/2027(c) |
1,831,000 | 1,834,338 | ||||||
| Tallgrass Energy Partners L.P./Tallgrass Energy Finance Corp., 6.00%, 03/01/2027(b) |
1,835,000 | 1,833,752 | ||||||
| Venture Global LNG, Inc., 9.88%, 02/01/2032(b)(c) |
8,780,000 | 9,346,055 | ||||||
|
|
|
|||||||
| 26,397,063 | ||||||||
|
|
|
|||||||
| Passenger Airlines-0.48% |
||||||||
| Allegiant Travel Co., 7.25%, 08/15/2027(b)(c) |
2,347,000 | 2,319,973 | ||||||
|
|
|
|||||||
| Personal Care Products-0.79% |
||||||||
| BellRing Brands, Inc., 7.00%, 03/15/2030(b) |
3,688,000 | 3,835,789 | ||||||
|
|
|
|||||||
| Pharmaceuticals-0.93% |
||||||||
| Endo Finance Holdings, Inc., 8.50%, 04/15/2031(b)(c) |
4,389,000 | 4,548,457 | ||||||
|
|
|
|||||||
| Professional Services-0.78% |
||||||||
| AMN Healthcare, Inc., 4.63%, 10/01/2027(b)(c) |
2,197,000 | 2,127,311 | ||||||
| Korn Ferry, 4.63%, 12/15/2027(b) |
1,714,000 | 1,689,154 | ||||||
|
|
|
|||||||
| 3,816,465 | ||||||||
|
|
|
|||||||
| Retail REITs-0.56% |
||||||||
| Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC, 4.50%, 04/01/2027(b)(c) |
2,820,000 | 2,740,868 | ||||||
|
|
|
|||||||
| Software-0.81% |
||||||||
| Gen Digital, Inc., 6.75%, 09/30/2027(b) |
3,850,000 | 3,919,211 | ||||||
|
|
|
|||||||
| Specialized REITs-2.18% |
||||||||
| Iron Mountain, Inc., 4.88%, 09/15/2027(b) |
4,395,000 | 4,345,663 | ||||||
| SBA Communications Corp., 3.88%, 02/15/2027(c) |
6,406,000 | 6,285,474 | ||||||
|
|
|
|||||||
| 10,631,137 | ||||||||
|
|
|
|||||||
| Specialty Retail-0.36% |
||||||||
| Lithia Motors, Inc., 4.63%, 12/15/2027(b) |
1,755,000 | 1,732,438 | ||||||
|
|
|
|||||||
| Technology Hardware, Storage & Peripherals-1.18% |
|
|||||||
| Seagate HDD Cayman |
||||||||
| 4.88%, 06/01/2027(c) |
2,105,000 | 2,116,693 | ||||||
| 9.63%, 12/01/2032 |
3,210,000 | 3,645,934 | ||||||
|
|
|
|||||||
| 5,762,627 | ||||||||
|
|
|
|||||||
| Textiles, Apparel & Luxury Goods-0.43% |
||||||||
| VF Corp., 2.80%, 04/23/2027(c) |
2,200,000 | 2,070,221 | ||||||
|
|
|
|||||||
| Trading Companies & Distributors-1.05% |
||||||||
| Herc Holdings, Inc., 5.50%, 07/15/2027(b)(c) |
5,134,000 | 5,099,854 | ||||||
|
|
|
|||||||
| Total U.S. Dollar Denominated Bonds & Notes |
|
469,706,974 | ||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR)–(continued)
May 31, 2025
(Unaudited)
| Shares | Value | |||||||
| Money Market Funds-1.46% |
||||||||
| Invesco Government & Agency Portfolio, Institutional Class, 4.24%(e)(f) |
7,097,481 | $ | 7,097,481 | |||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral
from securities on loan)-97.99% |
476,804,455 | |||||||
|
|
|
|||||||
| Investments Purchased with Cash Collateral from Securities on Loan |
|
|||||||
| Money Market Funds-21.59% |
|
|||||||
| Invesco Private Government Fund, 4.29%(e)(f)(g) |
28,741,847 | 28,741,847 | ||||||
| Shares | Value | |||||||
| Money Market Funds-(continued) |
||||||||
| Invesco Private Prime Fund, 4.45%(e)(f)(g) |
76,292,504 | $ | 76,307,763 | |||||
|
|
|
|||||||
| Total Investments Purchased with Cash Collateral from Securities on
Loan |
|
105,049,610 | ||||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN
SECURITIES-119.58% |
|
581,854,065 | ||||||
| OTHER ASSETS LESS LIABILITIES-(19.58)% |
|
(95,281,726 | ) | |||||
|
|
|
|||||||
| NET ASSETS-100.00% |
$ | 486,572,339 | ||||||
|
|
|
|||||||
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) | Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at May 31, 2025 was $358,469,022, which represented 73.67% of the Fund’s Net Assets. |
| (c) | All or a portion of this security was out on loan at May 31, 2025. |
| (d) | Restricted security. The value of this security at May 31, 2025 represented 1.23% of the Fund’s Net Assets. |
| (e) | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the nine months ended May 31, 2025. |
| Value August 31, 2024 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized Appreciation (Depreciation) |
Realized Gain (Loss) |
Value May 31, 2025 |
Dividend Income | |||||||||||||||||||||||||||||
| Investments in Affiliated Money Market Funds: | |||||||||||||||||||||||||||||||||||
| Invesco Government & Agency Portfolio, Institutional Class | $ | 1,229,587 | $ | 55,016,388 | $ | (49,148,494 | ) | $ | - | $ | - | $ | 7,097,481 | $ | 143,413 | ||||||||||||||||||||
| Investments Purchased with Cash Collateral from Securities on Loan: | |||||||||||||||||||||||||||||||||||
| Invesco Private Government Fund | 19,664,998 | 96,292,096 | (87,215,247 | ) | - | - | 28,741,847 | 770,741 | * | ||||||||||||||||||||||||||
| Invesco Private Prime Fund | 51,316,130 | 227,351,492 | (202,348,129 | ) | (6,129 | ) | (5,601 | ) | 76,307,763 | 2,067,745 | * | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||
| Total | $ | 72,210,715 | $ | 378,659,976 | $ | (338,711,870 | ) | $ | (6,129 | ) | $ | (5,601 | ) | $ | 112,147,091 | $ | 2,981,899 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||
| * | Represents the income earned on the investment of cash collateral. 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 May 31, 2025. |
| (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. |
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments(a)
Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| U.S. Dollar Denominated Bonds & Notes-98.60% |
| |||||||
| Aerospace & Defense-2.94% |
||||||||
| Bombardier, Inc. (Canada), 6.00%, 02/15/2028(b)(c) |
$ | 1,778,000 | $ | 1,777,948 | ||||
| BWX Technologies, Inc., 4.13%, 06/30/2028(b) |
947,000 | 922,282 | ||||||
| Spirit AeroSystems, Inc., 4.60%, 06/15/2028 |
1,655,000 | 1,614,930 | ||||||
| TransDigm, Inc., 6.75%, 08/15/2028(b) |
4,965,000 | 5,057,359 | ||||||
| Triumph Group, Inc., 9.00%, 03/15/2028(b) |
2,270,000 | 2,379,979 | ||||||
|
|
|
|||||||
| 11,752,498 | ||||||||
|
|
|
|||||||
| Automobile Components-4.52% |
||||||||
| American Axle & Manufacturing, Inc., 6.88%, 07/01/2028(c) |
947,000 | 939,772 | ||||||
| ANGI Group LLC, 3.88%, 08/15/2028(b)(c) |
1,187,000 | 1,100,677 | ||||||
| Avis Budget Car Rental LLC/Avis Budget Finance, Inc., 4.75%, 04/01/2028(b)(c) |
1,187,000 | 1,137,877 | ||||||
| Benteler International AG (Austria), 10.50%, 05/15/2028(b)(c) |
1,185,000 | 1,246,141 | ||||||
| Clarios Global L.P./Clarios US Finance Co., 6.75%, 05/15/2028(b) |
1,779,000 | 1,813,881 | ||||||
| Dana, Inc., 5.63%, 06/15/2028(c) |
942,000 | 938,273 | ||||||
| Dealer Tire LLC/DT Issuer LLC, 8.00%, 02/01/2028(b) |
1,187,000 | 1,161,006 | ||||||
| Tenneco, Inc., 8.00%, 11/17/2028(b) |
4,493,000 | 4,427,406 | ||||||
| United Rentals (North America), Inc., 4.88%, 01/15/2028(c) |
3,944,000 | 3,904,616 | ||||||
| ZF North America Capital, Inc. (Germany), 6.88%, 04/14/2028(b) |
1,420,000 | 1,408,540 | ||||||
|
|
|
|||||||
| 18,078,189 | ||||||||
|
|
|
|||||||
| Automobiles-0.54% |
||||||||
| Nissan Motor Acceptance Co. LLC, 7.05%, 09/15/2028(b) |
1,660,000 | 1,687,094 | ||||||
| Winnebago Industries, Inc., 6.25%, 07/15/2028(b) |
478,000 | 478,415 | ||||||
|
|
|
|||||||
| 2,165,509 | ||||||||
|
|
|
|||||||
| Banks-0.51% |
||||||||
| Freedom Mortgage Corp., 12.00%, 10/01/2028(b) |
1,895,000 | 2,034,459 | ||||||
|
|
|
|||||||
| Biotechnology-0.60% |
||||||||
| Emergent BioSolutions, Inc., 3.88%, 08/15/2028(b) |
1,067,000 | 809,192 | ||||||
| Grifols S.A. (Spain), 4.75%, 10/15/2028(b)(c) |
1,672,000 | 1,591,652 | ||||||
|
|
|
|||||||
| 2,400,844 | ||||||||
|
|
|
|||||||
| Building Products-1.17% |
||||||||
| Adams Homes, Inc., 9.25%, 10/15/2028(b) |
943,000 | 950,972 | ||||||
| AmeriTex HoldCo Intermediate LLC, 10.25%, 10/15/2028(b)(c) |
1,254,000 | 1,332,104 | ||||||
| New Enterprise Stone & Lime Co., Inc., 5.25%, 07/15/2028(b) |
1,379,000 | 1,354,302 | ||||||
| Shea Homes L.P./Shea Homes Funding Corp., 4.75%, 02/15/2028 |
1,066,000 | 1,037,378 | ||||||
|
|
|
|||||||
| 4,674,756 | ||||||||
|
|
|
|||||||
| Capital Markets-0.55% |
||||||||
| Coinbase Global, Inc., 3.38%, 10/01/2028(b) |
2,363,000 | 2,199,197 | ||||||
|
|
|
|||||||
| Principal Amount |
Value | |||||||
| Chemicals-5.32% |
||||||||
| Calderys Financing LLC (France), 11.25%, 06/01/2028(b) |
$ | 1,305,000 | $ | 1,391,170 | ||||
| Chemours Co. (The), 5.75%, 11/15/2028(b)(c) |
1,847,000 | 1,655,652 | ||||||
| Consolidated Energy Finance S.A. (Switzerland), 5.63%, 10/15/2028(b)(c) |
1,243,000 | 1,009,742 | ||||||
| CVR Partners L.P./CVR Nitrogen Finance Corp., 6.13%, 06/15/2028(b) |
1,296,000 | 1,289,932 | ||||||
| Element Solutions, Inc., 3.88%, 09/01/2028(b) |
1,895,000 | 1,821,376 | ||||||
| HB Fuller Co., 4.25%, 10/15/2028(c) |
711,000 | 677,999 | ||||||
| Herens Holdco S.a.r.l. (Luxembourg), 4.75%, 05/15/2028(b)(c) |
825,000 | 723,477 | ||||||
| Ingevity Corp., 3.88%, 11/01/2028(b)(c) |
1,296,000 | 1,219,178 | ||||||
| LSB Industries, Inc., 6.25%, 10/15/2028(b) |
1,128,000 | 1,117,663 | ||||||
| Minerals Technologies, Inc., 5.00%, 07/01/2028(b) |
947,000 | 920,797 | ||||||
| Olympus Water US Holding Corp. |
||||||||
| 4.25%, 10/01/2028(b)(c) |
1,926,000 | 1,816,809 | ||||||
| 9.75%, 11/15/2028(b) |
4,026,000 | 4,226,157 | ||||||
| SCIH Salt Holdings, Inc., 4.88%, 05/01/2028(b) |
2,606,000 | 2,531,680 | ||||||
| Weekley Homes LLC/Weekley Finance Corp., 4.88%, 09/15/2028(b) |
947,000 | 910,998 | ||||||
|
|
|
|||||||
| 21,312,630 | ||||||||
|
|
|
|||||||
| Commercial Services & Supplies-3.14% |
| |||||||
| Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 S.a.r.l. |
||||||||
| 4.63%, 06/01/2028(b)(c) |
1,834,000 | 1,753,149 | ||||||
| 4.63%, 06/01/2028(b) |
2,898,000 | 2,776,376 | ||||||
| Garda World Security Corp. (Canada), 7.75%, 02/15/2028(b) |
947,000 | 979,432 | ||||||
| GFL Environmental, Inc., 4.00%, 08/01/2028(b) |
1,775,000 | 1,707,717 | ||||||
| Interface, Inc., 5.50%, 12/01/2028(b) |
708,000 | 699,015 | ||||||
| Madison IAQ LLC, 4.13%, 06/30/2028(b) |
1,655,000 | 1,594,027 | ||||||
| Prime Security Services Borrower LLC/Prime Finance, Inc., 6.25%, 01/15/2028(b)(c) |
3,075,000 | 3,074,467 | ||||||
|
|
|
|||||||
| 12,584,183 | ||||||||
|
|
|
|||||||
| Communications Equipment-0.22% |
||||||||
| Viasat, Inc., 6.50%, 07/15/2028(b) |
947,000 | 871,629 | ||||||
|
|
|
|||||||
| Construction & Engineering-0.92% |
||||||||
| Fluor Corp., 4.25%, 09/15/2028(c) |
1,238,000 | 1,207,700 | ||||||
| Pike Corp., 5.50%, 09/01/2028(b)(c) |
1,710,000 | 1,697,593 | ||||||
| Railworks Holdings L.P./Railworks Rally, Inc., 8.25%, 11/15/2028(b)(c) |
773,000 | 785,526 | ||||||
|
|
|
|||||||
| 3,690,819 | ||||||||
|
|
|
|||||||
| Construction Materials-0.66% |
||||||||
| Camelot Return Merger Sub, Inc., 8.75%, 08/01/2028(b)(c) |
1,683,000 | 1,490,944 | ||||||
| Williams Scotsman, Inc., 4.63%, 08/15/2028(b) |
1,187,000 | 1,158,884 | ||||||
|
|
|
|||||||
| 2,649,828 | ||||||||
|
|
|
|||||||
| Consumer Finance-2.12% |
||||||||
| Credit Acceptance Corp., 9.25%, 12/15/2028(b) |
1,416,000 | 1,500,108 | ||||||
| Enova International, Inc., 11.25%, 12/15/2028(b) |
947,000 | 1,016,939 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Consumer Finance-(continued) |
||||||||
| FirstCash, Inc., 4.63%, 09/01/2028(b) |
$ | 1,187,000 | $ | 1,157,315 | ||||
| goeasy Ltd. (Canada), 9.25%, 12/01/2028(b) |
1,298,000 | 1,364,441 | ||||||
| Navient Corp., 4.88%, 03/15/2028 |
1,187,000 | 1,158,736 | ||||||
| OneMain Finance Corp., 3.88%, 09/15/2028 |
1,416,000 | 1,328,765 | ||||||
| PRA Group, Inc., 8.38%, 02/01/2028(b) |
944,000 | 952,850 | ||||||
|
|
|
|||||||
| 8,479,154 | ||||||||
|
|
|
|||||||
| Consumer Staples Distribution & Retail-2.61% |
|
|||||||
| Albertson’s Cos., Inc./Safeway, Inc./New Albertson’s L.P./Albertson’s LLC, 6.50%, 02/15/2028(b) |
1,770,000 | 1,807,110 | ||||||
| Aramark Services, Inc., 5.00%, 02/01/2028(b)(c) |
2,725,000 | 2,698,766 | ||||||
| C&S Group Enterprises LLC, 5.00%, 12/15/2028(b) |
947,000 | 808,520 | ||||||
| PetSmart, Inc./PetSmart Finance Corp., 4.75%, 02/15/2028(b) |
2,837,000 | 2,741,085 | ||||||
| United Natural Foods, Inc., 6.75%, 10/15/2028(b) |
1,187,000 | 1,180,425 | ||||||
| US Foods, Inc., 6.88%, 09/15/2028(b) |
1,187,000 | 1,221,995 | ||||||
|
|
|
|||||||
| 10,457,901 | ||||||||
|
|
|
|||||||
| Containers & Packaging-3.86% |
||||||||
| Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC, 3.25%, 09/01/2028(b) |
1,422,000 | 1,308,851 | ||||||
| Ball Corp., 6.88%, 03/15/2028(c) |
1,775,000 | 1,819,029 | ||||||
| Cascades, Inc./Cascades USA, Inc. (Canada), 5.38%, 01/15/2028(b) |
1,049,000 | 1,034,006 | ||||||
| Graham Packaging Co., Inc., 7.13%, 08/15/2028(b) |
1,205,000 | 1,184,156 | ||||||
| Graphic Packaging International LLC, 3.50%, 03/15/2028(b) |
1,067,000 | 1,012,999 | ||||||
| Intelligent Packaging Ltd. Finco, Inc./Intelligent Packaging Ltd. Co-Issuer LLC (Canada), 6.00%, 09/15/2028(b) |
1,913,000 | 1,917,177 | ||||||
| Iris Holding, Inc., 10.00%, 12/15/2028(b) |
947,000 | 835,569 | ||||||
| LABL, Inc. |
||||||||
| 5.88%, 11/01/2028(b) |
1,187,000 | 1,014,127 | ||||||
| 9.50%, 11/01/2028(b) |
708,000 | 638,491 | ||||||
| Sealed Air Corp., 6.13%, 02/01/2028(b)(c) |
1,833,000 | 1,854,651 | ||||||
| Silgan Holdings, Inc., 4.13%, 02/01/2028(c) |
1,352,000 | 1,314,139 | ||||||
| Trident TPI Holdings, Inc., 12.75%, 12/31/2028(b) |
1,462,000 | 1,530,580 | ||||||
|
|
|
|||||||
| 15,463,775 | ||||||||
|
|
|
|||||||
| Diversified Consumer Services-0.24% |
||||||||
| Adtalem Global Education, Inc., 5.50%, 03/01/2028(b) |
956,000 | 949,164 | ||||||
|
|
|
|||||||
| Diversified REITs-2.07% |
||||||||
| Uniti Group L.P./Uniti Group Finance 2019, Inc./CSL Capital LLC |
||||||||
| 10.50%, 02/15/2028(b) |
6,562,000 | 6,965,589 | ||||||
| 4.75%, 04/15/2028(b)(c) |
1,352,000 | 1,315,955 | ||||||
|
|
|
|||||||
| 8,281,544 | ||||||||
|
|
|
|||||||
| Diversified Telecommunication Services-3.61% |
|
|||||||
| Altice France S.A. (France), 5.50%, 01/15/2028(b) |
2,319,000 | 1,998,312 | ||||||
| Principal Amount |
Value | |||||||
| Diversified Telecommunication Services-(continued) |
| |||||||
| CommScope LLC, 7.13%, 07/01/2028(b) |
$ | 1,520,000 | $ | 1,463,020 | ||||
| Consolidated Communications, Inc. |
||||||||
| 5.00%, 10/01/2028(b) |
947,000 | 957,323 | ||||||
| 6.50%, 10/01/2028(b) |
1,773,000 | 1,813,453 | ||||||
| Frontier Communications Holdings LLC, 5.00%, 05/01/2028(b) |
3,665,000 | 3,659,812 | ||||||
| Iliad Holding S.A.S. (France), 7.00%, 10/15/2028(b) |
2,022,000 | 2,055,868 | ||||||
| Level 3 Financing, Inc., 4.25%, 07/01/2028(b) |
420,000 | 375,900 | ||||||
| Zayo Group Holdings, Inc., 6.13%, 03/01/2028, (Acquired 09/14/2020 -03/28/2025; Cost $2,071,258)(b)(d) |
2,471,000 | 2,133,079 | ||||||
|
|
|
|||||||
| 14,456,767 | ||||||||
|
|
|
|||||||
| Electric Utilities-0.94% |
||||||||
| Pattern Energy Operations L.P./Pattern Energy Operations, Inc., 4.50%, 08/15/2028(b) |
1,516,000 | 1,455,700 | ||||||
| PG&E Corp., 5.00%, 07/01/2028 |
2,363,000 | 2,307,072 | ||||||
|
|
|
|||||||
| 3,762,772 | ||||||||
|
|
|
|||||||
| Energy Equipment & Services-1.73% |
||||||||
| Archrock Partners L.P./Archrock Partners Finance Corp., 6.25%, 04/01/2028(b) |
1,888,000 | 1,886,305 | ||||||
| Bristow Group, Inc., 6.88%, 03/01/2028(b)(c) |
947,000 | 945,066 | ||||||
| Delek Logistics Partners L.P./Delek Logistics Finance Corp., 7.13%, 06/01/2028(b) |
947,000 | 954,128 | ||||||
| Harvest Midstream I L.P., 7.50%, 09/01/2028(b) |
1,888,000 | 1,918,555 | ||||||
| Oceaneering International, Inc., 6.00%, 02/01/2028 |
469,000 | 462,974 | ||||||
| Transocean Aquila Ltd., 8.00%, 09/30/2028(b) |
744,554 | 747,383 | ||||||
|
|
|
|||||||
| 6,914,411 | ||||||||
|
|
|
|||||||
| Entertainment-0.73% |
||||||||
| Cinemark USA, Inc., 5.25%, 07/15/2028(b) |
1,812,000 | 1,788,907 | ||||||
| Live Nation Entertainment, Inc., 3.75%, 01/15/2028(b)(c) |
1,187,000 | 1,142,600 | ||||||
|
|
|
|||||||
| 2,931,507 | ||||||||
|
|
|
|||||||
| Financial Services-3.04% |
||||||||
| AG Issuer LLC, 6.25%, 03/01/2028(b) |
1,187,000 | 1,187,840 | ||||||
| Burford Capital Global Finance LLC, 6.25%, 04/15/2028(b) |
946,000 | 942,239 | ||||||
| GGAM Finance Ltd. (Ireland), 8.00%, 06/15/2028(b)(c) |
1,416,000 | 1,488,417 | ||||||
| Jefferies Finance LLC/JFIN Co-Issuer Corp., 5.00%, 08/15/2028(b)(c) |
2,350,000 | 2,228,467 | ||||||
| LD Holdings Group LLC, 6.13%, 04/01/2028(b) |
1,180,000 | 965,098 | ||||||
| Midcap Financial Issuer Trust, 6.50%, 05/01/2028(b) |
2,362,000 | 2,298,463 | ||||||
| Nationstar Mortgage Holdings, Inc., 5.50%, 08/15/2028(b) |
2,014,000 | 2,011,125 | ||||||
| Werner FinCo L.P./Werner FinCo, Inc., 11.50%, 06/15/2028(b) |
947,000 | 1,031,046 | ||||||
|
|
|
|||||||
| 12,152,695 | ||||||||
|
|
|
|||||||
| Food Products-1.50% |
||||||||
| B&G Foods, Inc., 8.00%, 09/15/2028(b) |
1,894,000 | 1,787,353 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Food Products-(continued) |
||||||||
| Chobani LLC/Chobani Finance Corp., Inc., 4.63%, 11/15/2028(b) |
$ | 1,002,000 | $ | 976,908 | ||||
| Lamb Weston Holdings, Inc., 4.88%, 05/15/2028(b) |
1,187,000 | 1,173,259 | ||||||
| TKC Holdings, Inc., 6.88%, 05/15/2028(b) |
1,002,000 | 997,753 | ||||||
| TreeHouse Foods, Inc., 4.00%, 09/01/2028(c) |
1,187,000 | 1,082,468 | ||||||
|
|
|
|||||||
| 6,017,741 | ||||||||
|
|
|
|||||||
| Gas Utilities-0.29% |
||||||||
| AmeriGas Partners L.P./AmeriGas Finance Corp., 9.38%, 06/01/2028(b)(c) |
1,164,000 | 1,176,317 | ||||||
|
|
|
|||||||
| Health Care Equipment & Supplies-2.27% |
| |||||||
| Avantor Funding, Inc., 4.63%, 07/15/2028(b)(c) |
3,667,000 | 3,576,216 | ||||||
| Bausch & Lomb Corp., 8.38%, 10/01/2028(b) |
3,310,000 | 3,426,214 | ||||||
| Hologic, Inc., 4.63%, 02/01/2028(b) |
947,000 | 936,175 | ||||||
| Teleflex, Inc., 4.25%, 06/01/2028(b) |
1,187,000 | 1,147,210 | ||||||
|
|
|
|||||||
| 9,085,815 | ||||||||
|
|
|
|||||||
| Health Care Providers & Services-2.99% |
| |||||||
| Acadia Healthcare Co., Inc., 5.50%, 07/01/2028(b)(c) |
1,067,000 | 1,053,152 | ||||||
| Cano Health LLC, 6.25%, 10/01/2028(b)(e)(f)(g) |
100,000 | 425 | ||||||
| Heartland Dental LLC/Heartland Dental Finance Corp., 10.50%, 04/30/2028(b) |
1,655,000 | 1,751,026 | ||||||
| Molina Healthcare, Inc., 4.38%, 06/15/2028(b) |
1,893,000 | 1,837,418 | ||||||
| Tenet Healthcare Corp. |
||||||||
| 4.63%, 06/15/2028 |
1,421,000 | 1,394,288 | ||||||
| 6.13%, 10/01/2028 |
5,909,000 | 5,921,545 | ||||||
|
|
|
|||||||
| 11,957,854 | ||||||||
|
|
|
|||||||
| Health Care REITs-0.27% |
||||||||
| Diversified Healthcare Trust, 4.75%, 02/15/2028 |
1,187,000 | 1,093,492 | ||||||
|
|
|
|||||||
| Hotel & Resort REITs-0.66% |
||||||||
| Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer, 5.88%, 10/01/2028(b) |
1,710,000 | 1,686,248 | ||||||
| RHP Hotel Properties L.P./RHP Finance Corp., 7.25%, 07/15/2028(b) |
944,000 | 973,924 | ||||||
|
|
|
|||||||
| 2,660,172 | ||||||||
|
|
|
|||||||
| Hotels, Restaurants & Leisure-3.66% |
||||||||
| 1011778 BC ULC/New Red Finance, Inc. (Canada), 4.38%, 01/15/2028(b) |
1,775,000 | 1,731,578 | ||||||
| Acushnet Co., 7.38%, 10/15/2028(b) |
828,000 | 858,791 | ||||||
| Churchill Downs, Inc., 4.75%, 01/15/2028(b) |
1,655,000 | 1,618,739 | ||||||
| Full House Resorts, Inc., 8.25%, 02/15/2028(b)(c) |
965,000 | 923,935 | ||||||
| Hilton Domestic Operating Co., Inc., 5.75%, 05/01/2028(b)(c) |
1,187,000 | 1,191,920 | ||||||
| Light & Wonder International, Inc., 7.00%, 05/15/2028(b) |
1,655,000 | 1,657,615 | ||||||
| Lindblad Expeditions Holdings, Inc., 9.00%, 05/15/2028(b) |
653,000 | 675,935 | ||||||
| Marriott Ownership Resorts, Inc., 4.75%, 01/15/2028(c) |
828,000 | 802,281 | ||||||
| Principal Amount |
Value | |||||||
| Hotels, Restaurants & Leisure-(continued) |
| |||||||
| MGM Resorts International, 4.75%, 10/15/2028(c) |
$ | 1,775,000 | $ | 1,737,266 | ||||
| Six Flags Entertainment Corp./Canada’s Wonderland Co./Magnum Management Corp., 6.50%, 10/01/2028 |
708,000 | 714,374 | ||||||
| Station Casinos LLC, 4.50%, 02/15/2028(b)(c) |
1,639,000 | 1,590,613 | ||||||
| Wyndham Hotels & Resorts, Inc., 4.38%, 08/15/2028(b)(c) |
1,187,000 | 1,149,410 | ||||||
|
|
|
|||||||
| 14,652,457 | ||||||||
|
|
|
|||||||
| Household Durables-1.81% |
||||||||
| Dream Finders Homes, Inc., 8.25%, 08/15/2028(b) |
708,000 | 729,328 | ||||||
| Installed Building Products, Inc., 5.75%, 02/01/2028(b) |
708,000 | 705,876 | ||||||
| LGI Homes, Inc., 8.75%, 12/15/2028(b) |
947,000 | 975,194 | ||||||
| M/I Homes, Inc., 4.95%, 02/01/2028 |
945,000 | 933,009 | ||||||
| Newell Brands, Inc., 8.50%, 06/01/2028(b) |
2,960,000 | 3,069,665 | ||||||
| Tri Pointe Homes, Inc., 5.70%, 06/15/2028 |
829,000 | 826,919 | ||||||
|
|
|
|||||||
| 7,239,991 | ||||||||
|
|
|
|||||||
| Household Products-0.74% |
||||||||
| Central Garden & Pet Co., 5.13%, 02/01/2028(c) |
708,000 | 708,582 | ||||||
| Energizer Holdings, Inc., 4.75%, 06/15/2028(b)(c) |
1,378,000 | 1,330,101 | ||||||
| Prestige Brands, Inc., 5.13%, 01/15/2028(b) |
947,000 | 943,116 | ||||||
|
|
|
|||||||
| 2,981,799 | ||||||||
|
|
|
|||||||
| Independent Power and Renewable Electricity Producers-2.67% |
| |||||||
| Atlantica Sustainable Infrastructure PLC (Spain), 4.13%, 06/15/2028(b) |
946,000 | 908,552 | ||||||
| Calpine Corp. |
||||||||
| 4.50%, 02/15/2028(b) |
2,955,000 | 2,900,128 | ||||||
| 5.13%, 03/15/2028(b) |
3,313,000 | 3,286,274 | ||||||
| Clearway Energy Operating LLC, 4.75%, 03/15/2028(b) |
2,014,000 | 1,969,222 | ||||||
| TerraForm Power Operating LLC, 5.00%, 01/31/2028(b) |
1,655,000 | 1,610,125 | ||||||
|
|
|
|||||||
| 10,674,301 | ||||||||
|
|
|
|||||||
| Insurance-0.75% |
||||||||
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 6.75%, 04/15/2028(b)(c) |
2,960,000 | 3,003,302 | ||||||
|
|
|
|||||||
| Interactive Media & Services-1.09% |
||||||||
| Cars.com, Inc., 6.38%, 11/01/2028(b) |
945,000 | 944,918 | ||||||
| Match Group Holdings II LLC, 4.63%, 06/01/2028(b)(c) |
1,187,000 | 1,151,207 | ||||||
| Nexstar Media, Inc., 4.75%, 11/01/2028(b)(c) |
2,363,000 | 2,275,009 | ||||||
|
|
|
|||||||
| 4,371,134 | ||||||||
|
|
|
|||||||
| IT Services-2.63% |
||||||||
| Acuris Finance US, Inc./Acuris Finance S.a.r.l., 5.00%, 05/01/2028(b) |
934,000 | 889,623 | ||||||
| Ahead DB Holdings LLC, 6.63%, 05/01/2028(b) |
947,000 | 934,167 | ||||||
| Arches Buyer, Inc., 4.25%, 06/01/2028(b) |
2,244,000 | 2,115,387 | ||||||
| ASGN, Inc., 4.63%, 05/15/2028(b) |
1,296,000 | 1,251,066 | ||||||
| Cablevision Lightpath LLC, 5.63%, 09/15/2028(b) |
980,000 | 947,343 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| IT Services-(continued) |
||||||||
| EquipmentShare.com, Inc., 9.00%, 05/15/2028(b) |
$ | 2,460,000 | $ | 2,556,887 | ||||
| ION Trading Technologies S.a.r.l. (Luxembourg), 5.75%, 05/15/2028(b) |
1,060,000 | 1,026,319 | ||||||
| Virtusa Corp., 7.13%, 12/15/2028(b) |
828,000 | 801,338 | ||||||
|
|
|
|||||||
| 10,522,130 | ||||||||
|
|
|
|||||||
| Machinery-1.54% |
||||||||
| ATS Corp. (Canada), 4.13%, 12/15/2028(b)(c) |
828,000 | 780,320 | ||||||
| Maxim Crane Works Holdings Capital LLC, 11.50%, 09/01/2028(b) |
1,178,000 | 1,208,446 | ||||||
| Titan International, Inc., 7.00%, 04/30/2028(c) |
944,000 | 927,790 | ||||||
| TK Elevator Holdco GmbH (Germany), 7.63%, 07/15/2028(b) |
946,000 | 948,040 | ||||||
| Trinity Industries, Inc., 7.75%, 07/15/2028(b) |
1,416,000 | 1,472,350 | ||||||
| Wabash National Corp., 4.50%, 10/15/2028(b) |
947,000 | 809,353 | ||||||
|
|
|
|||||||
| 6,146,299 | ||||||||
|
|
|
|||||||
| Media-9.29% |
||||||||
| Advantage Sales & Marketing, Inc., 6.50%, 11/15/2028(b) |
1,403,000 | 1,072,869 | ||||||
| CCO Holdings LLC/CCO Holdings Capital Corp., 5.00%, 02/01/2028(b) |
5,909,000 | 5,799,398 | ||||||
| Clear Channel Outdoor Holdings, Inc. |
||||||||
| 7.75%, 04/15/2028(b) |
2,363,000 | 2,161,294 | ||||||
| 9.00%, 09/15/2028(b)(c) |
1,770,000 | 1,855,125 | ||||||
| CSC Holdings LLC |
||||||||
| 5.38%, 02/01/2028(b) |
2,370,000 | 2,163,602 | ||||||
| 11.25%, 05/15/2028(b) |
2,363,000 | 2,340,178 | ||||||
| DISH DBS Corp., 5.75%, 12/01/2028(b) |
5,762,000 | 4,887,052 | ||||||
| GCI LLC, 4.75%, 10/15/2028(b) |
1,416,000 | 1,333,054 | ||||||
| Lamar Media Corp., 3.75%, 02/15/2028 |
1,407,000 | 1,362,207 | ||||||
| McGraw-Hill Education, Inc., 5.75%, 08/01/2028(b)(c) |
1,956,000 | 1,933,473 | ||||||
| Sirius XM Radio LLC, 4.00%, 07/15/2028(b) |
4,729,000 | 4,491,125 | ||||||
| Sunrise HoldCo IV B.V. (Netherlands), 5.50%, 01/15/2028(b)(c) |
940,000 | 924,790 | ||||||
| TEGNA, Inc., 4.63%, 03/15/2028(c) |
2,363,000 | 2,299,656 | ||||||
| Univision Communications, Inc., 8.00%, 08/15/2028(b) |
3,405,000 | 3,410,244 | ||||||
| Virgin Media Vendor Financing Notes IV DAC (United Kingdom), 5.00%, 07/15/2028(b) |
1,180,000 | 1,150,807 | ||||||
|
|
|
|||||||
| 37,184,874 | ||||||||
|
|
|
|||||||
| Metals & Mining-0.59% |
||||||||
| Century Aluminum Co., 7.50%, 04/01/2028(b) |
430,000 | 439,582 | ||||||
| Constellium SE, 5.63%, 06/15/2028(b) |
764,000 | 750,832 | ||||||
| Kaiser Aluminum Corp., 4.63%, 03/01/2028(b)(c) |
1,187,000 | 1,154,527 | ||||||
|
|
|
|||||||
| 2,344,941 | ||||||||
|
|
|
|||||||
| Oil, Gas & Consumable Fuels-8.30% |
||||||||
| Ascent Resources Utica Holdings LLC/ARU Finance Corp., 8.25%, 12/31/2028(b) |
1,211,000 | 1,230,156 | ||||||
| Calumet Specialty Products Partners L.P./Calumet Finance Corp., 9.75%, 07/15/2028(b) |
773,000 | 748,752 | ||||||
| Principal Amount |
Value | |||||||
| Oil, Gas & Consumable Fuels-(continued) |
| |||||||
| Civitas Resources, Inc., 8.38%, 07/01/2028(b) |
$ | 3,189,000 | $ | 3,216,920 | ||||
| Conuma Resources Ltd. (Canada), 13.13%, 05/01/2028(b) |
548,000 | 540,465 | ||||||
| CQP Holdco L.P./BIP-V Chinook Holdco LLC, 7.50%, 12/15/2033(b) |
1,180,000 | 1,250,066 | ||||||
| Crescent Energy Finance LLC, 9.25%, 02/15/2028(b)(c) |
2,363,000 | 2,441,899 | ||||||
| CVR Energy, Inc., 5.75%, 02/15/2028(b) |
947,000 | 902,349 | ||||||
| Encino Acquisition Partners Holdings LLC, 8.50%, 05/01/2028(b) |
1,652,000 | 1,695,563 | ||||||
| Global Marine, Inc., 7.00%, 06/01/2028 |
618,000 | 559,290 | ||||||
| Greenfire Resources Ltd. (Canada), 12.00%, 10/01/2028(b) |
569,000 | 602,625 | ||||||
| Hess Midstream Operations L.P. |
||||||||
| 5.88%, 03/01/2028(b) |
1,890,000 | 1,909,786 | ||||||
| 5.13%, 06/15/2028(b) |
1,296,000 | 1,279,722 | ||||||
| Howard Midstream Energy Partners LLC, 8.88%, 07/15/2028(b) |
1,305,000 | 1,365,840 | ||||||
| Kinetik Holdings L.P., 6.63%, 12/15/2028(b) |
2,487,000 | 2,538,065 | ||||||
| Martin Midstream Partners L.P./Martin Midstream Finance Corp., 11.50%, 02/15/2028(b) |
946,000 | 1,002,907 | ||||||
| Matador Resources Co., 6.88%, 04/15/2028(b) |
1,187,000 | 1,204,216 | ||||||
| Northern Oil and Gas, Inc., 8.13%, 03/01/2028(b)(c) |
1,664,000 | 1,672,159 | ||||||
| Sitio Royalties Operating Partnership L.P./Sitio Finance Corp., 7.88%, 11/01/2028(b) |
1,416,000 | 1,461,544 | ||||||
| SM Energy Co., 6.50%, 07/15/2028(c) |
947,000 | 942,620 | ||||||
| Sunoco L.P. and Sunoco Finance Corp., 7.00%, 09/15/2028(b) |
1,187,000 | 1,217,537 | ||||||
| Venture Global LNG, Inc., 8.13%, 06/01/2028(b) |
5,325,000 | 5,453,519 | ||||||
|
|
|
|||||||
| 33,236,000 | ||||||||
|
|
|
|||||||
| Paper & Forest Products-0.90% |
||||||||
| Ahlstrom Holding 3 Oy (Finland), 4.88%, 02/04/2028(b)(c) |
719,000 | 680,410 | ||||||
| Clearwater Paper Corp., 4.75%, 08/15/2028(b) |
653,000 | 625,286 | ||||||
| Domtar Corp., 6.75%, 10/01/2028(b) |
1,522,000 | 1,338,599 | ||||||
| Mercer International, Inc. (Germany), 12.88%, 10/01/2028(b)(c) |
947,000 | 943,055 | ||||||
|
|
|
|||||||
| 3,587,350 | ||||||||
|
|
|
|||||||
| Passenger Airlines-1.06% |
||||||||
| American Airlines, Inc., 7.25%, 02/15/2028(b)(c) |
1,774,000 | 1,793,037 | ||||||
| Avianca Midco 2 PLC, 9.00%, 12/01/2028(b)(c) |
2,620,000 | 2,438,565 | ||||||
|
|
|
|||||||
| 4,231,602 | ||||||||
|
|
|
|||||||
| Personal Care Products-0.44% |
||||||||
| Edgewell Personal Care Co., 5.50%, 06/01/2028(b)(c) |
1,775,000 | 1,746,432 | ||||||
|
|
|
|||||||
| Pharmaceuticals-3.88% |
||||||||
| AdaptHealth LLC, 6.13%, 08/01/2028(b) |
828,000 | 820,084 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Pharmaceuticals-(continued) |
||||||||
| Bausch Health Cos., Inc. |
||||||||
| 4.88%, 06/01/2028(b) |
$ | 3,782,000 | $ | 3,090,178 | ||||
| 11.00%, 09/30/2028(b) |
4,195,000 | 4,028,459 | ||||||
| Cheplapharm Arzneimittel GmbH (Germany), 5.50%, 01/15/2028(b)(c) |
1,180,000 | 1,125,151 | ||||||
| Elanco Animal Health, Inc., 6.65%, 08/28/2028(c) |
1,732,000 | 1,784,048 | ||||||
| Organon & Co./Organon Foreign Debt Co-Issuer B.V., 4.13%, 04/30/2028(b)(c) |
4,965,000 | 4,667,399 | ||||||
|
|
|
|||||||
| 15,515,319 | ||||||||
|
|
|
|||||||
| Professional Services-1.31% |
||||||||
| Clarivate Science Holdings Corp., 3.88%, 07/01/2028(b)(c) |
2,182,000 | 2,079,501 | ||||||
| CoreLogic, Inc., 4.50%, 05/01/2028(b) |
1,775,000 | 1,663,346 | ||||||
| KBR, Inc., 4.75%, 09/30/2028(b) |
588,000 | 565,541 | ||||||
| Science Applications International Corp., 4.88%, 04/01/2028(b) |
947,000 | 923,803 | ||||||
|
|
|
|||||||
| 5,232,191 | ||||||||
|
|
|
|||||||
| Real Estate Management & Development-1.00% |
|
|||||||
| Cushman & Wakefield U.S. Borrower LLC, 6.75%, 05/15/2028(b) |
1,538,000 | 1,545,633 | ||||||
| Forestar Group, Inc., 5.00%, 03/01/2028(b) |
708,000 | 697,405 | ||||||
| Howard Hughes Corp. (The), 5.38%, 08/01/2028(b) |
1,776,000 | 1,747,740 | ||||||
|
|
|
|||||||
| 3,990,778 | ||||||||
|
|
|
|||||||
| Residential REITs-0.15% |
||||||||
| Ashton Woods USA LLC/Ashton Woods Finance Co., 6.63%, 01/15/2028(b) |
591,000 | 593,973 | ||||||
|
|
|
|||||||
| Retail REITs-0.28% |
||||||||
| Necessity Retail REIT, Inc. (The)/American Finance Operating Partner L.P., 4.50%, 09/30/2028(b)(c) |
1,187,000 | 1,139,259 | ||||||
|
|
|
|||||||
| Semiconductors & Semiconductor Equipment-0.62% |
| |||||||
| Entegris, Inc., 4.38%, 04/15/2028(b) |
947,000 | 915,117 | ||||||
| ON Semiconductor Corp., 3.88%, 09/01/2028(b)(c) |
1,655,000 | 1,582,086 | ||||||
|
|
|
|||||||
| 2,497,203 | ||||||||
|
|
|
|||||||
| Software-2.25% |
||||||||
| Consensus Cloud Solutions, Inc., 6.50%, 10/15/2028(b)(c) |
828,000 | 823,082 | ||||||
| Fair Isaac Corp., 4.00%, 06/15/2028(b) |
2,127,000 | 2,049,196 | ||||||
| GoTo Group, Inc., 5.50%, 05/01/2028(b) |
857,000 | 717,755 | ||||||
| Helios Software Holdings, Inc./ION Corporate Solutions Finance S.a.r.l., 4.63%, 05/01/2028(b) |
830,000 | 791,195 | ||||||
| NCR Voyix Corp., 5.00%, 10/01/2028(b)(c) |
1,536,000 | 1,516,202 | ||||||
| PTC, Inc., 4.00%, 02/15/2028(b) |
1,178,000 | 1,144,040 | ||||||
| Rocket Software, Inc., 9.00%, 11/28/2028(b) |
1,893,000 | 1,954,992 | ||||||
|
|
|
|||||||
| 8,996,462 | ||||||||
|
|
|
|||||||
| Principal Amount |
Value | |||||||
| Specialized REITs-0.77% |
||||||||
| Iron Mountain, Inc. |
||||||||
| 5.25%, 03/15/2028(b) |
$ | 1,950,000 | $ | 1,929,833 | ||||
| 5.00%, 07/15/2028(b)(c) |
1,187,000 | 1,169,829 | ||||||
|
|
|
|||||||
| 3,099,662 | ||||||||
|
|
|
|||||||
| Specialty Retail-1.52% |
||||||||
| Asbury Automotive Group, Inc., 4.50%, 03/01/2028 |
956,000 | 932,092 | ||||||
| Bath & Body Works, Inc., 5.25%, 02/01/2028 |
1,047,000 | 1,047,446 | ||||||
| Group 1 Automotive, Inc., 4.00%, 08/15/2028(b) |
1,775,000 | 1,702,404 | ||||||
| Ken Garff Automotive LLC, 4.88%, 09/15/2028(b) |
947,000 | 921,700 | ||||||
| White Cap Buyer LLC, 6.88%, 10/15/2028(b) |
1,518,000 | 1,489,352 | ||||||
|
|
|
|||||||
| 6,092,994 | ||||||||
|
|
|
|||||||
| Trading Companies & Distributors-1.33% |
||||||||
| Fortress Transportation and Infrastructure Investors LLC, 5.50%, 05/01/2028(b)(c) |
2,361,000 | 2,343,039 | ||||||
| H&E Equipment Services, Inc., 3.88%, 12/15/2028(b) |
2,961,000 | 2,985,573 | ||||||
|
|
|
|||||||
| 5,328,612 | ||||||||
|
|
|
|||||||
| Total U.S. Dollar Denominated Bonds & Notes |
|
394,664,687 | ||||||
|
|
|
|||||||
| Shares | ||||||||
| Money Market Funds-0.28% |
||||||||
| Invesco Government & Agency Portfolio, Institutional Class, 4.24%(h)(i) |
1,137,879 | 1,137,879 | ||||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash
collateral from securities on loan)-98.88% |
|
395,802,566 | ||||||
|
|
|
|||||||
| Investments Purchased with Cash Collateral from Securities on Loan |
|
|||||||
| Money Market Funds-18.88% |
|
|||||||
| Invesco Private Government Fund, 4.29%(h)(i)(j) |
20,990,647 | 20,990,647 | ||||||
| Invesco Private Prime Fund, 4.45%(h)(i)(j) |
54,577,122 | 54,588,037 | ||||||
|
|
|
|||||||
| Total Investments Purchased with Cash Collateral from Securities on
Loan |
|
75,578,684 | ||||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN
SECURITIES-117.76% |
|
471,381,250 | ||||||
| OTHER ASSETS LESS LIABILITIES-(17.76)% |
|
(71,091,835 | ) | |||||
|
|
|
|||||||
| NET ASSETS-100.00% |
$ | 400,289,415 | ||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS)–(continued)
May 31, 2025
(Unaudited)
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) | Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at May 31, 2025 was $350,883,931, which represented 87.66% of the Fund’s Net Assets. |
| (c) | All or a portion of this security was out on loan at May 31, 2025. |
| (d) | Restricted security. The value of this security at May 31, 2025 represented less than 1% of the Fund’s Net Assets. |
| (e) | The borrower has filed for protection in federal bankruptcy court. |
| (f) | Defaulted security. Currently, the issuer is in default with respect to principal and/or interest payments. The value of this security at May 31, 2025 represented less than 1% of the Fund’s Net Assets. |
| (g) | Security valued using significant unobservable inputs (Level 3). See Note 1. |
| (h) | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the nine months ended May 31, 2025. |
| Value August 31, 2024 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized Appreciation (Depreciation) |
Realized Gain (Loss) |
Value May 31, 2025 |
Dividend Income | |||||||||||||||||||||||||||||
| Investments in Affiliated Money Market Funds: | |||||||||||||||||||||||||||||||||||
| Invesco Government & Agency Portfolio, Institutional Class | $ | 1,875,763 | $ | 35,355,933 | $ | (36,093,817 | ) | $ | - | $ | - | $ | 1,137,879 | $ | 93,790 | ||||||||||||||||||||
| Investments Purchased with Cash Collateral from Securities on Loan: | |||||||||||||||||||||||||||||||||||
| Invesco Private Government Fund | 9,786,911 | 82,039,842 | (70,836,106 | ) | - | - | 20,990,647 | 540,003 | * | ||||||||||||||||||||||||||
| Invesco Private Prime Fund | 25,546,789 | 167,122,264 | (138,071,812 | ) | (3,663 | ) | (5,541 | ) | 54,588,037 | 1,448,979 | * | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||
| Total | $ | 37,209,463 | $ | 284,518,039 | $ | (245,001,735 | ) | $ | (3,663 | ) | $ | (5,541 | ) | $ | 76,716,563 | $ | 2,082,772 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||
| * | Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from borrowers, if any. |
| (i) | The rate shown is the 7-day SEC standardized yield as of May 31, 2025. |
| (j) | 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. |
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments(a)
Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| U.S. Dollar Denominated Bonds & Notes-97.92% |
| |||||||
| Aerospace & Defense-3.17% |
||||||||
| AAR Escrow Issuer LLC, 6.75%, 03/15/2029(b) |
$ | 505,000 | $ | 517,870 | ||||
| Bombardier, Inc. (Canada), 7.50%, 02/01/2029(b) |
704,000 | 729,191 | ||||||
| BWX Technologies, Inc., 4.13%, 04/15/2029(b) |
370,000 | 354,759 | ||||||
| Neptune Bidco US, Inc., 9.29%, 04/15/2029(b) |
2,411,800 | 2,286,941 | ||||||
| TransDigm, Inc. |
||||||||
| 4.63%, 01/15/2029(c) |
1,127,000 | 1,092,328 | ||||||
| 6.38%, 03/01/2029(b) |
2,601,000 | 2,646,640 | ||||||
| 4.88%, 05/01/2029 |
699,000 | 677,276 | ||||||
|
|
|
|||||||
| 8,305,005 | ||||||||
|
|
|
|||||||
| Automobile Components-1.87% |
||||||||
| American Axle & Manufacturing, Inc., 5.00%, 10/01/2029(c) |
557,000 | 506,893 | ||||||
| Avis Budget Car Rental LLC/Avis Budget Finance, Inc., 5.38%, 03/01/2029(b) |
550,000 | 519,088 | ||||||
| Belron UK Finance PLC (United Kingdom), 5.75%, 10/15/2029(b) |
1,045,000 | 1,049,566 | ||||||
| Champions Financing, Inc., 8.75%, 02/15/2029(b)(c) |
560,000 | 522,134 | ||||||
| Goodyear Tire & Rubber Co. (The), 5.00%, 07/15/2029(c) |
779,000 | 746,836 | ||||||
| NESCO Holdings II, Inc., 5.50%, 04/15/2029(b) |
860,000 | 810,928 | ||||||
| Patrick Industries, Inc., 4.75%, 05/01/2029(b) |
325,000 | 312,909 | ||||||
| Real Hero Merger Sub 2, Inc., 6.25%, 02/01/2029(b) |
559,000 | 436,640 | ||||||
|
|
|
|||||||
| 4,904,994 | ||||||||
|
|
|
|||||||
| Automobiles-0.52% |
||||||||
| Allison Transmission, Inc., 5.88%, 06/01/2029(b) |
465,000 | 467,172 | ||||||
| Dornoch Debt Merger Sub, Inc., 6.63%, 10/15/2029(b) |
612,000 | 471,133 | ||||||
| Thor Industries, Inc., 4.00%, 10/15/2029(b) |
465,000 | 430,407 | ||||||
|
|
|
|||||||
| 1,368,712 | ||||||||
|
|
|
|||||||
| Banks-0.27% |
||||||||
| APH Somerset Investor 2 LLC/APH2 Somerset Investor 2 LLC/APH3 Somerset Investor 2 LLC, 7.88%, 11/01/2029(b) |
720,000 | 712,951 | ||||||
|
|
|
|||||||
| Beverages-0.51% |
||||||||
| Primo Water Holdings, Inc./Triton Water Holdings, Inc. |
||||||||
| 6.25%, 04/01/2029(b) |
670,000 | 671,595 | ||||||
| 4.38%, 04/30/2029(b) |
700,000 | 672,539 | ||||||
|
|
|
|||||||
| 1,344,134 | ||||||||
|
|
|
|||||||
| Broadline Retail-0.77% |
||||||||
| Rakuten Group, Inc. (Japan), 9.75%, 04/15/2029(b) |
1,889,000 | 2,026,219 | ||||||
|
|
|
|||||||
| Building Products-0.73% |
||||||||
| Cornerstone Building Brands, Inc., 9.50%, 08/15/2029(b) |
470,000 | 418,041 | ||||||
| GYP Holdings III Corp., 4.63%, 05/01/2029(b) |
320,000 | 307,639 | ||||||
| Principal Amount |
Value | |||||||
| Building Products-(continued) |
||||||||
| Park River Holdings, Inc. |
||||||||
| 5.63%, 02/01/2029(b) |
$ | 313,000 | $ | 253,122 | ||||
| 6.75%, 08/01/2029(b) |
270,000 | 216,090 | ||||||
| Shea Homes L.P./Shea Homes Funding Corp., 4.75%, 04/01/2029 |
274,000 | 262,739 | ||||||
| Specialty Building Products Holdings LLC/ SBP Finance Corp., 7.75%, 10/15/2029(b) |
475,000 | 455,471 | ||||||
|
|
|
|||||||
| 1,913,102 | ||||||||
|
|
|
|||||||
| Capital Markets-0.67% |
||||||||
| Aretec Group, Inc., 7.50%, 04/01/2029(b) |
375,000 | 374,989 | ||||||
| Armor Holdco, Inc., 8.50%, 11/15/2029(b) |
322,000 | 300,306 | ||||||
| Icahn Enterprises L.P./Icahn Enterprises Finance Corp. |
||||||||
| 9.75%, 01/15/2029 |
651,000 | 631,620 | ||||||
| 10.00%, 11/15/2029(b)(c) |
470,000 | 458,740 | ||||||
|
|
|
|||||||
| 1,765,655 | ||||||||
|
|
|
|||||||
| Chemicals-3.37% |
||||||||
| Axalta Coating Systems LLC, 3.38%, 02/15/2029(b) |
640,000 | 596,147 | ||||||
| Chemours Co. (The), 4.63%, 11/15/2029(b) |
580,000 | 475,078 | ||||||
| INEOS Finance PLC (Luxembourg), 7.50%, 04/15/2029(b)(c) |
680,000 | 668,911 | ||||||
| INEOS Quattro Finance 2 PLC (United Kingdom), 9.63%, 03/15/2029(b)(c) |
370,000 | 368,620 | ||||||
| Innophos Holdings, Inc., 11.50%, 06/15/2029(b) |
430,000 | 433,711 | ||||||
| Mativ Holdings, Inc., 8.00%, 10/01/2029(b)(c) |
370,000 | 316,120 | ||||||
| Methanex Corp. (Canada), 5.25%, 12/15/2029 |
656,000 | 636,721 | ||||||
| NOVA Chemicals Corp. (Canada), 4.25%, 05/15/2029(b)(c) |
513,000 | 490,946 | ||||||
| Olympus Water US Holding Corp., 6.25%, 10/01/2029(b) |
370,000 | 343,767 | ||||||
| Rain Carbon, Inc., 12.25%, 09/01/2029(b)(c) |
412,000 | 429,777 | ||||||
| SCIH Salt Holdings, Inc., 6.63%, 05/01/2029(b) |
629,000 | 617,659 | ||||||
| Scotts Miracle-Gro Co. (The), 4.50%, 10/15/2029(c) |
375,000 | 357,001 | ||||||
| SK Invictus Intermediate II S.a.r.l., 5.00%, 10/30/2029(b) |
619,000 | 588,631 | ||||||
| Tronox, Inc., 4.63%, 03/15/2029(b)(c) |
990,000 | 828,731 | ||||||
| Wayfair LLC, 7.25%, 10/31/2029(b)(c) |
750,000 | 732,324 | ||||||
| WR Grace Holdings LLC, 5.63%, 08/15/2029(b) |
1,069,000 | 942,880 | ||||||
|
|
|
|||||||
| 8,827,024 | ||||||||
|
|
|
|||||||
| Commercial Services & Supplies-4.76% |
| |||||||
| ACCO Brands Corp., 4.25%, 03/15/2029(b) |
540,000 | 477,697 | ||||||
| ADT Security Corp. (The), 4.13%, 08/01/2029(b) |
940,000 | 897,620 | ||||||
| Allied Universal Holdco LLC/Allied Universal Finance Corp., 6.00%, 06/01/2029(b) |
873,000 | 827,151 | ||||||
| APi Group DE, Inc. |
||||||||
| 4.13%, 07/15/2029(b) |
310,000 | 293,489 | ||||||
| 4.75%, 10/15/2029(b) |
263,000 | 256,291 | ||||||
| Brink’s Co. (The), 6.50%, 06/15/2029(b) |
375,000 | 382,884 | ||||||
| Clean Harbors, Inc., 5.13%, 07/15/2029(b) |
278,000 | 273,381 | ||||||
| CoreCivic, Inc., 8.25%, 04/15/2029 |
460,000 | 486,509 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Commercial Services & Supplies-(continued) |
| |||||||
| CPI CG, Inc., 10.00%, 07/15/2029(b) |
$ | 270,000 | $ | 286,200 | ||||
| Dcli Bidco LLC, 7.75%, 11/15/2029(b) |
470,000 | 474,042 | ||||||
| Deluxe Corp. |
||||||||
| 8.00%, 06/01/2029(b) |
440,000 | 408,764 | ||||||
| 8.13%, 09/15/2029(b) |
420,000 | 425,121 | ||||||
| First Student Bidco, Inc./First Transit Parent, Inc., 4.00%, 07/31/2029(b)(c) |
578,000 | 540,873 | ||||||
| Garda World Security Corp. (Canada), 6.00%, 06/01/2029(b) |
462,000 | 439,815 | ||||||
| GEO Group, Inc. (The), 8.63%, 04/15/2029 |
617,000 | 651,738 | ||||||
| GFL Environmental, Inc. |
||||||||
| 4.75%, 06/15/2029(b) |
698,000 | 681,424 | ||||||
| 4.38%, 08/15/2029(b) |
515,000 | 494,987 | ||||||
| Madison IAQ LLC, 5.88%, 06/30/2029(b) |
966,000 | 935,238 | ||||||
| Pitney Bowes, Inc., 7.25%, 03/15/2029(b) |
309,000 | 310,411 | ||||||
| R.R. Donnelley & Sons Co. |
||||||||
| 9.50%, 08/01/2029(b) |
1,005,000 | 1,008,505 | ||||||
| 10.88%, 08/01/2029(b) |
450,000 | 437,774 | ||||||
| Reworld Holding Corp., 4.88%, 12/01/2029(b) |
710,000 | 672,827 | ||||||
| Sabre GLBL, Inc., 10.75%, 11/15/2029(b)(c) |
772,000 | 790,335 | ||||||
|
|
|
|||||||
| 12,453,076 | ||||||||
|
|
|
|||||||
| Communications Equipment-0.13% |
||||||||
| Viavi Solutions, Inc., 3.75%, 10/01/2029(b) |
373,000 | 343,553 | ||||||
|
|
|
|||||||
| Construction & Engineering-0.81% |
||||||||
| Arcosa, Inc., 4.38%, 04/15/2029(b) |
366,000 | 349,141 | ||||||
| Brookfield Residential Properties, Inc./Brookfield Residential U.S. LLC (Canada), 5.00%, 06/15/2029(b) |
330,000 | 295,582 | ||||||
| Dycom Industries, Inc., 4.50%, 04/15/2029(b) |
463,000 | 445,850 | ||||||
| Great Lakes Dredge & Dock Corp., 5.25%, 06/01/2029(b) |
298,000 | 279,563 | ||||||
| Tutor Perini Corp., 11.88%, 04/30/2029(b) |
374,000 | 416,463 | ||||||
| VM Consolidated, Inc., 5.50%, 04/15/2029(b) |
326,000 | 322,833 | ||||||
|
|
|
|||||||
| 2,109,432 | ||||||||
|
|
|
|||||||
| Construction Materials-0.32% |
||||||||
| Global Infrastructure Solutions, Inc., 5.63%, 06/01/2029(b) |
374,000 | 365,343 | ||||||
| Williams Scotsman, Inc., 6.63%, 06/15/2029(b) |
473,000 | 482,745 | ||||||
|
|
|
|||||||
| 848,088 | ||||||||
|
|
|
|||||||
| Consumer Finance-1.86% |
||||||||
| Encore Capital Group, Inc., 9.25%, 04/01/2029(b) |
472,000 | 503,860 | ||||||
| Enova International, Inc., 9.13%, 08/01/2029(b) |
471,000 | 484,257 | ||||||
| goeasy Ltd. (Canada), 7.63%, 07/01/2029(b) |
567,000 | 573,200 | ||||||
| Navient Corp., 5.50%, 03/15/2029(c) |
690,000 | 664,388 | ||||||
| OneMain Finance Corp. |
||||||||
| 6.63%, 05/15/2029 |
844,000 | 854,463 | ||||||
| 5.38%, 11/15/2029 |
700,000 | 678,790 | ||||||
| Paysafe Finance PLC/Paysafe Holdings US Corp., 4.00%, 06/15/2029(b) |
310,000 | 286,873 | ||||||
| PRA Group, Inc., 5.00%, 10/01/2029(b) |
330,000 | 296,370 | ||||||
| PROG Holdings, Inc., 6.00%, 11/15/2029(b) |
561,000 | 533,409 | ||||||
|
|
|
|||||||
| 4,875,610 | ||||||||
|
|
|
|||||||
| Principal Amount |
Value | |||||||
| Consumer Staples Distribution & Retail-2.55% |
|
|||||||
| Albertson’s Cos., Inc./Safeway, Inc./New Albertson’s L.P./Albertson’s LLC, 3.50%, 03/15/2029(b) |
$ | 1,250,000 | $ | 1,175,705 | ||||
| American Builders & Contractors Supply Co., Inc., 3.88%, 11/15/2029(b) |
360,000 | 335,634 | ||||||
| KeHE Distributors LLC/KeHE Finance Corp./NextWave Distribution, Inc., 9.00%, 02/15/2029(b) |
937,000 | 977,991 | ||||||
| Performance Food Group, Inc., 4.25%, 08/01/2029(b) |
932,000 | 889,648 | ||||||
| PetSmart, Inc./PetSmart Finance Corp., 7.75%, 02/15/2029(b) |
1,037,000 | 1,010,729 | ||||||
| Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc., 4.63%, 03/01/2029(b) |
790,000 | 737,052 | ||||||
| US Foods, Inc., 4.75%, 02/15/2029(b) |
836,000 | 818,168 | ||||||
| Walgreens Boots Alliance, Inc., 8.13%, 08/15/2029(c) |
700,000 | 733,967 | ||||||
|
|
|
|||||||
| 6,678,894 | ||||||||
|
|
|
|||||||
| Containers & Packaging-1.54% |
||||||||
| Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC, 4.00%, 09/01/2029(b) |
980,000 | 870,478 | ||||||
| Ball Corp., 6.00%, 06/15/2029 |
958,000 | 978,170 | ||||||
| Clydesdale Acquisition Holdings, Inc., 6.63%, 04/15/2029(b) |
470,000 | 474,365 | ||||||
| GrafTech Global Enterprises, Inc., 9.88%, 12/23/2029(b) |
419,000 | 327,868 | ||||||
| Graphic Packaging International LLC, 3.50%, 03/01/2029(b) |
328,000 | 303,909 | ||||||
| LABL, Inc., 8.25%, 11/01/2029(b) |
420,000 | 339,937 | ||||||
| Sealed Air Corp., 5.00%, 04/15/2029(b) |
395,000 | 388,107 | ||||||
| TriMas Corp., 4.13%, 04/15/2029(b) |
370,000 | 348,580 | ||||||
|
|
|
|||||||
| 4,031,414 | ||||||||
|
|
|
|||||||
| Distributors-0.28% |
||||||||
| Gates Corp., 6.88%, 07/01/2029(b) |
473,000 | 485,302 | ||||||
| Resideo Funding, Inc., 4.00%, 09/01/2029(b) |
270,000 | 250,687 | ||||||
|
|
|
|||||||
| 735,989 | ||||||||
|
|
|
|||||||
| Diversified Consumer Services-0.49% |
||||||||
| Carriage Services, Inc., 4.25%, 05/15/2029(b) |
370,000 | 346,517 | ||||||
| Service Corp. International, 5.13%, 06/01/2029 |
705,000 | 698,120 | ||||||
| Sotheby’s/Bidfair Holdings, Inc., 5.88%, 06/01/2029(b) |
265,000 | 229,863 | ||||||
|
|
|
|||||||
| 1,274,500 | ||||||||
|
|
|
|||||||
| Diversified REITs-0.69% |
||||||||
| Hudson Pacific Properties L.P., 4.65%, 04/01/2029(c) |
458,000 | 331,914 | ||||||
| Kraken Oil & Gas Partners LLC, 7.63%, 08/15/2029(b) |
465,000 | 441,070 | ||||||
| Uniti Group L.P./Uniti Group Finance, Inc./CSL Capital LLC, 6.50%, 02/15/2029(b) |
1,088,000 | 1,026,804 | ||||||
|
|
|
|||||||
| 1,799,788 | ||||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Diversified Telecommunication Services-3.75% |
|
|||||||
| Altice France S.A. (France) |
||||||||
| 5.13%, 01/15/2029(b) |
$ | 221,000 | $ | 185,723 | ||||
| 5.13%, 07/15/2029(b) |
1,836,000 | 1,550,940 | ||||||
| 5.50%, 10/15/2029(b) |
1,468,000 | 1,248,388 | ||||||
| CommScope LLC, 4.75%, 09/01/2029(b) |
939,000 | 900,295 | ||||||
| Connect Finco S.a.r.l./Connect US Finco LLC (United Kingdom), 9.00%, 09/15/2029(b) |
1,883,000 | 1,797,060 | ||||||
| Frontier Communications Holdings LLC |
||||||||
| 6.75%, 05/01/2029(b) |
942,000 | 955,684 | ||||||
| 5.88%, 11/01/2029 |
708,000 | 715,996 | ||||||
| Go Daddy Operating Co. LLC/GD Finance Co., Inc., 3.50%, 03/01/2029(b) |
750,000 | 700,799 | ||||||
| Level 3 Financing, Inc. |
||||||||
| 3.63%, 01/15/2029(b) |
275,000 | 229,625 | ||||||
| 4.88%, 06/15/2029(b) |
558,000 | 509,584 | ||||||
| 3.75%, 07/15/2029(b) |
340,000 | 280,728 | ||||||
| Lumen Technologies, Inc. |
||||||||
| 4.50%, 01/15/2029(b) |
280,000 | 248,073 | ||||||
| 4.13%, 04/15/2029(b) |
308,000 | 300,685 | ||||||
| 5.38%, 06/15/2029(b) |
216,000 | 191,362 | ||||||
|
|
|
|||||||
| 9,814,942 | ||||||||
|
|
|
|||||||
| Electric Utilities-1.67% |
||||||||
| DPL, Inc., 4.35%, 04/15/2029 |
370,000 | 356,368 | ||||||
| Leeward Renewable Energy Operations LLC, 4.25%, 07/01/2029(b) |
350,000 | 319,104 | ||||||
| NRG Energy, Inc. |
||||||||
| 3.38%, 02/15/2029(b) |
460,000 | 430,070 | ||||||
| 5.25%, 06/15/2029(b) |
685,000 | 677,363 | ||||||
| 5.75%, 07/15/2029(b) |
745,000 | 740,700 | ||||||
| Vistra Operations Co. LLC, 4.38%, 05/01/2029(b) |
1,176,000 | 1,137,601 | ||||||
| XPLR Infrastructure Operating Partners L.P., 7.25%, 01/15/2029(b) |
700,000 | 703,988 | ||||||
|
|
|
|||||||
| 4,365,194 | ||||||||
|
|
|
|||||||
| Electrical Equipment-0.69% |
||||||||
| Sensata Technologies B.V., 4.00%, 04/15/2029(b)(c) |
930,000 | 873,922 | ||||||
| WESCO Distribution, Inc., 6.38%, 03/15/2029(b) |
903,000 | 922,868 | ||||||
|
|
|
|||||||
| 1,796,790 | ||||||||
|
|
|
|||||||
| Electronic Equipment, Instruments & Components-1.20% |
| |||||||
| Coherent Corp., 5.00%, 12/15/2029(b) |
921,000 | 893,401 | ||||||
| Imola Merger Corp., 4.75%, 05/15/2029(b) |
1,876,000 | 1,798,736 | ||||||
| TTM Technologies, Inc., 4.00%, 03/01/2029(b) |
468,000 | 445,748 | ||||||
|
|
|
|||||||
| 3,137,885 | ||||||||
|
|
|
|||||||
| Energy Equipment & Services-1.80% |
||||||||
| Delek Logistics Partners L.P./Delek Logistics Finance Corp., 8.63%, 03/15/2029(b) |
985,000 | 1,021,084 | ||||||
| Permian Resources Operating LLC, 5.88%, 07/01/2029(b) |
655,000 | 647,359 | ||||||
| Precision Drilling Corp. (Canada), 6.88%, 01/15/2029(b) |
378,000 | 363,352 | ||||||
| Summit Midstream Holdings LLC, 8.63%, 10/31/2029(b) |
777,000 | 779,326 | ||||||
| Principal Amount |
Value | |||||||
| Energy Equipment & Services-(continued) |
| |||||||
| U.S. Acute Care Solutions LLC, 9.75%, 05/15/2029(b) |
$ | 925,000 | $ | 941,316 | ||||
| USA Compression Partners L.P./USA Compression Finance Corp., 7.13%, 03/15/2029(b) |
940,000 | 955,591 | ||||||
|
|
|
|||||||
| 4,708,028 | ||||||||
|
|
|
|||||||
| Entertainment-0.96% |
||||||||
| AMC Entertainment Holdings, Inc., 7.50%, 02/15/2029(b) |
798,000 | 624,367 | ||||||
| Banijay Entertainment S.A.S. (France), 8.13%, 05/01/2029(b) |
370,000 | 384,301 | ||||||
| Jacobs Entertainment, Inc., 6.75%, 02/15/2029(b) |
464,000 | 439,976 | ||||||
| Lions Gate Capital Holdings 1, Inc., 5.50%, 04/15/2029(b) |
365,000 | 325,739 | ||||||
| Lions Gate Capital Holdings LLC, 5.50%, 04/15/2029(b) |
305,000 | 246,748 | ||||||
| Playtika Holding Corp., 4.25%, 03/15/2029(b) |
548,000 | 488,506 | ||||||
|
|
|
|||||||
| 2,509,637 | ||||||||
|
|
|
|||||||
| Financial Services-3.67% |
||||||||
| CD&R Smokey Buyer, Inc./Radio Systems Corp., 9.50%, 10/15/2029(b) |
720,000 | 598,500 | ||||||
| Cobra AcquisitionCo LLC |
||||||||
| 6.38%, 11/01/2029(b) |
370,000 | 313,041 | ||||||
| 12.25%, 11/01/2029(b) |
230,000 | 234,808 | ||||||
| Compass Group Diversified Holdings LLC, 5.25%, 04/15/2029(b) |
932,000 | 807,172 | ||||||
| Freedom Mortgage Holdings LLC, 9.25%, 02/01/2029(b) |
1,025,000 | 1,057,636 | ||||||
| GGAM Finance Ltd. (Ireland), 6.88%, 04/15/2029(b) |
372,000 | 379,883 | ||||||
| Hightower Holding LLC, 6.75%, 04/15/2029(b) |
277,000 | 273,397 | ||||||
| Icahn Enterprises L.P./Icahn Enterprises Finance Corp., 4.38%, 02/01/2029 |
660,000 | 539,693 | ||||||
| Jane Street Group/JSG Finance, Inc., 4.50%, 11/15/2029(b)(c) |
549,000 | 529,231 | ||||||
| Jefferson Capital Holdings LLC, 9.50%, 02/15/2029(b) |
378,000 | 401,642 | ||||||
| Nationstar Mortgage Holdings, Inc., 6.50%, 08/01/2029(b) |
720,000 | 733,859 | ||||||
| PennyMac Financial Services, Inc. |
||||||||
| 4.25%, 02/15/2029(b) |
605,000 | 574,809 | ||||||
| 7.88%, 12/15/2029(b) |
705,000 | 743,004 | ||||||
| PHH Escrow Issuer LLC/PHH Corp., 9.88%, 11/01/2029(b) |
460,000 | 452,115 | ||||||
| Planet Financial Group LLC, 10.50%, 12/15/2029(b) |
445,000 | 438,850 | ||||||
| Provident Funding Associates L.P./PFG Finance Corp., 9.75%, 09/15/2029(b) |
370,000 | 385,444 | ||||||
| Superior Plus L.P./Superior General Partner, Inc. (Canada), 4.50%, 03/15/2029(b) |
550,000 | 523,305 | ||||||
| United Wholesale Mortgage LLC, 5.50%, 04/15/2029(b) |
656,000 | 628,536 | ||||||
|
|
|
|||||||
| 9,614,925 | ||||||||
|
|
|
|||||||
| Food Products-0.87% |
||||||||
| Chobani LLC/Chobani Finance Corp., Inc., 7.63%, 07/01/2029(b) |
471,000 | 494,464 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Food Products-(continued) |
||||||||
| Post Holdings, Inc., 5.50%, 12/15/2029(b) |
$ | 1,175,000 | $ | 1,161,679 | ||||
| TKC Holdings, Inc., 10.50%, 05/15/2029(b) |
611,000 | 628,891 | ||||||
|
|
|
|||||||
| 2,285,034 | ||||||||
|
|
|
|||||||
| Gas Utilities-0.67% |
||||||||
| Ferrellgas L.P./Ferrellgas Finance Corp., 5.88%, 04/01/2029(b) |
749,000 | 678,738 | ||||||
| Venture Global Calcasieu Pass LLC, 3.88%, 08/15/2029(b) |
1,170,000 | 1,088,306 | ||||||
|
|
|
|||||||
| 1,767,044 | ||||||||
|
|
|
|||||||
| Ground Transportation-0.81% |
||||||||
| Carriage Purchaser, Inc., 7.88%, 10/15/2029(b) |
275,000 | 235,593 | ||||||
| Hertz Corp. (The) |
||||||||
| 12.63%, 07/15/2029(b) |
1,169,000 | 1,191,460 | ||||||
| 5.00%, 12/01/2029(b)(c) |
1,003,000 | 682,745 | ||||||
|
|
|
|||||||
| 2,109,798 | ||||||||
|
|
|
|||||||
| Health Care Equipment & Supplies-3.54% |
| |||||||
| Avantor Funding, Inc., 3.88%, 11/01/2029(b)(c) |
742,000 | 692,630 | ||||||
| Hologic, Inc., 3.25%, 02/15/2029(b) |
878,000 | 839,524 | ||||||
| Medline Borrower L.P. |
||||||||
| 3.88%, 04/01/2029(b) |
4,228,000 | 3,987,983 | ||||||
| 5.25%, 10/01/2029(b) |
2,365,000 | 2,313,028 | ||||||
| Medline Borrower L.P./Medline Co-Issuer, Inc., 6.25%, 04/01/2029(b) |
1,412,000 | 1,438,565 | ||||||
|
|
|
|||||||
| 9,271,730 | ||||||||
|
|
|
|||||||
| Health Care Providers & Services-2.19% |
| |||||||
| Acadia Healthcare Co., Inc., 5.00%, 04/15/2029(b)(c) |
444,000 | 425,375 | ||||||
| AHP Health Partners, Inc., 5.75%, 07/15/2029(b) |
276,000 | 264,629 | ||||||
| Community Health Systems, Inc., 6.00%, 01/15/2029(b) |
603,000 | 579,831 | ||||||
| HealthEquity, Inc., 4.50%, 10/01/2029(b) |
557,000 | 532,664 | ||||||
| LifePoint Health, Inc., 5.38%, 01/15/2029(b) |
462,000 | 437,040 | ||||||
| Option Care Health, Inc., 4.38%, 10/31/2029(b) |
464,000 | 442,726 | ||||||
| Owens & Minor, Inc., 4.50%, 03/31/2029(b) |
448,000 | 366,611 | ||||||
| Prime Healthcare Services, Inc., 9.38%, 09/01/2029(b)(c) |
1,410,000 | 1,433,426 | ||||||
| Tenet Healthcare Corp., 4.25%, 06/01/2029 |
1,303,000 | 1,252,103 | ||||||
|
|
|
|||||||
| 5,734,405 | ||||||||
|
|
|
|||||||
| Hotel & Resort REITs-1.18% |
||||||||
| Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer, 4.88%, 05/15/2029(b) |
698,000 | 660,757 | ||||||
| Pebblebrook Hotel L.P./PEB Finance Corp., 6.38%, 10/15/2029(b)(c) |
370,000 | 368,246 | ||||||
| RHP Hotel Properties L.P./RHP Finance Corp., 4.50%, 02/15/2029(b) |
558,000 | 539,147 | ||||||
| RLJ Lodging Trust L.P., 4.00%, 09/15/2029(b)(c) |
467,000 | 427,397 | ||||||
| Service Properties Trust, 8.38%, 06/15/2029 |
653,000 | 662,044 | ||||||
| XHR L.P., 4.88%, 06/01/2029(b)(c) |
465,000 | 441,972 | ||||||
|
|
|
|||||||
| 3,099,563 | ||||||||
|
|
|
|||||||
| Principal Amount |
Value | |||||||
| Hotels, Restaurants & Leisure-5.88% |
| |||||||
| 1011778 BC ULC/New Red Finance, Inc. (Canada) |
||||||||
| 3.50%, 02/15/2029(b) |
$ | 690,000 | $ | 651,446 | ||||
| 6.13%, 06/15/2029(b) |
1,105,000 | 1,127,961 | ||||||
| 5.63%, 09/15/2029(b) |
470,000 | 473,300 | ||||||
| Bloomin’ Brands, Inc./OSI Restaurant Partners LLC, 5.13%, 04/15/2029(b)(c) |
277,000 | 245,987 | ||||||
| Boyne USA, Inc., 4.75%, 05/15/2029(b) |
648,000 | 623,138 | ||||||
| Caesars Entertainment, Inc., 4.63%, 10/15/2029(b)(c) |
1,124,000 | 1,050,536 | ||||||
| Carnival Corp., 6.00%, 05/01/2029(b) |
1,875,000 | 1,881,114 | ||||||
| Everi Holdings, Inc., 5.00%, 07/15/2029(b) |
375,000 | 378,074 | ||||||
| Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc., 4.63%, 01/15/2029(b) |
955,000 | 896,323 | ||||||
| Great Canadian Gaming Corp. (Canada), 8.75%, 11/15/2029(b) |
504,000 | 489,767 | ||||||
| Hilton Domestic Operating Co., Inc. |
||||||||
| 5.88%, 04/01/2029(b) |
520,000 | 525,448 | ||||||
| 3.75%, 05/01/2029(b) |
748,000 | 707,194 | ||||||
| Hilton Grand Vacations Borrower |
||||||||
| Escrow LLC/Hilton Grand Vacations Borrower Escrow, Inc., 5.00%, 06/01/2029(b) |
794,000 | 745,563 | ||||||
| Light & Wonder International, Inc., 7.25%, 11/15/2029(b) |
472,000 | 485,907 | ||||||
| MajorDrive Holdings IV LLC, 6.38%, 06/01/2029(b) |
473,000 | 358,678 | ||||||
| Marriott Ownership Resorts, Inc., 4.50%, 06/15/2029(b)(c) |
470,000 | 441,585 | ||||||
| MGM Resorts International, 6.13%, 09/15/2029(c) |
800,000 | 804,315 | ||||||
| Midwest Gaming Borrower LLC/Midwest |
||||||||
| Gaming Finance Corp., 4.88%, 05/01/2029(b) |
720,000 | 690,362 | ||||||
| Papa John’s International, Inc., 3.88%, 09/15/2029(b)(c) |
370,000 | 345,460 | ||||||
| PENN Entertainment, Inc., 4.13%, 07/01/2029(b) |
371,000 | 331,744 | ||||||
| Premier Entertainment Sub LLC/Premier |
||||||||
| Entertainment Finance Corp., 5.63%, 09/01/2029(b) |
695,000 | 461,306 | ||||||
| SeaWorld Parks & Entertainment, Inc., 5.25%, 08/15/2029(b)(c) |
670,000 | 644,450 | ||||||
| Six Flags Entertainment Corp./Canada’s Wonderland Co./Magnum Management Corp., 5.25%, 07/15/2029 |
470,000 | 456,636 | ||||||
| Travel + Leisure Co., 4.50%, 12/01/2029(b) |
598,000 | 568,667 | ||||||
|
|
|
|||||||
| 15,384,961 | ||||||||
|
|
|
|||||||
| Household Durables-0.96% |
||||||||
| Century Communities, Inc., 3.88%, 08/15/2029(b) |
580,000 | 526,268 | ||||||
| Landsea Homes Corp., 8.88%, 04/01/2029(b) |
270,000 | 281,937 | ||||||
| LGI Homes, Inc., 4.00%, 07/15/2029(b)(c) |
280,000 | 248,235 | ||||||
| New Home Co., Inc. (The), 9.25%, 10/01/2029(b) |
350,000 | 361,902 | ||||||
| Newell Brands, Inc., 6.63%, 09/15/2029 |
471,000 | 456,194 | ||||||
| Whirlpool Corp., 4.75%, 02/26/2029 |
650,000 | 630,735 | ||||||
|
|
|
|||||||
| 2,505,271 | ||||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Household Products-0.26% |
||||||||
| Energizer Holdings, Inc., 4.38%, 03/31/2029(b) |
$ | 735,000 | $ | 691,252 | ||||
|
|
|
|||||||
| Independent Power and Renewable Electricity Producers-0.39% |
| |||||||
| Calpine Corp., 4.63%, 02/01/2029(b) |
605,000 | 590,009 | ||||||
| TransAlta Corp. (Canada), 7.75%, 11/15/2029 |
405,000 | 422,230 | ||||||
|
|
|
|||||||
| 1,012,239 | ||||||||
|
|
|
|||||||
| Insurance-2.45% |
||||||||
| Acrisure LLC/Acrisure Finance, Inc. |
||||||||
| 8.25%, 02/01/2029(b) |
897,000 | 928,323 | ||||||
| 4.25%, 02/15/2029(b) |
645,000 | 618,637 | ||||||
| 8.50%, 06/15/2029(b) |
469,000 | 490,551 | ||||||
| 6.00%, 08/01/2029(b) |
455,000 | 440,804 | ||||||
| Alliance Resource Operating Partners L.P./Alliance Resource Finance Corp., 8.63%, 06/15/2029(b) |
375,000 | 392,325 | ||||||
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 5.88%, 11/01/2029(b) |
415,000 | 407,968 | ||||||
| AmWINS Group, Inc. |
||||||||
| 6.38%, 02/15/2029(b) |
705,000 | 715,318 | ||||||
| 4.88%, 06/30/2029(b) |
730,000 | 699,877 | ||||||
| AssuredPartners, Inc., 5.63%, 01/15/2029(b) |
534,000 | 535,831 | ||||||
| BroadStreet Partners, Inc., 5.88%, 04/15/2029(b) |
683,000 | 673,013 | ||||||
| HUB International Ltd., 5.63%, 12/01/2029(b) |
521,000 | 517,119 | ||||||
|
|
|
|||||||
| 6,419,766 | ||||||||
|
|
|
|||||||
| Interactive Media & Services-0.13% |
||||||||
| Match Group Holdings II LLC, 5.63%, 02/15/2029(b) |
330,000 | 328,038 | ||||||
|
|
|
|||||||
| IT Services-1.23% |
||||||||
| Acuris Finance US, Inc./Acuris Finance S.a.r.l., 9.00%, 08/01/2029(b) |
470,000 | 480,692 | ||||||
| Conduent Business Services LLC/Conduent State & Local Solutions, Inc., 6.00%, 11/01/2029(b) |
484,000 | 445,337 | ||||||
| ION Trading Technologies S.a.r.l. (Luxembourg), 9.50%, 05/30/2029(b) |
727,000 | 753,212 | ||||||
| Twilio, Inc., 3.63%, 03/15/2029 |
465,000 | 438,085 | ||||||
| Wildfire Intermediate Holdings LLC, 7.50%, 10/15/2029(b) |
550,000 | 533,336 | ||||||
| ZoomInfo Technologies LLC/ZoomInfo Finance Corp., 3.88%, 02/01/2029(b) |
600,000 | 558,945 | ||||||
|
|
|
|||||||
| 3,209,607 | ||||||||
|
|
|
|||||||
| Leisure Products-0.10% |
||||||||
| Universal Entertainment Corp. (Japan), 9.88%, 08/01/2029(b)(c) |
260,000 | 253,321 | ||||||
|
|
|
|||||||
| Machinery-1.43% |
||||||||
| ESAB Corp., 6.25%, 04/15/2029(b) |
650,000 | 661,765 | ||||||
| GrafTech Finance, Inc., 4.63%, 12/23/2029(b) |
460,000 | 289,335 | ||||||
| Hillenbrand, Inc., 6.25%, 02/15/2029 |
470,000 | 472,209 | ||||||
| Husky Injection Molding Systems Ltd./Titan Co-Borrower LLC (Canada), 9.00%, 02/15/2029(b) |
935,000 | 956,747 | ||||||
| Principal Amount |
Value | |||||||
| Machinery-(continued) |
||||||||
| Mueller Water Products, Inc., 4.00%, 06/15/2029(b) |
$ | 409,000 | $ | 388,351 | ||||
| Roller Bearing Co. of America, Inc., 4.38%, 10/15/2029(b) |
465,000 | 444,499 | ||||||
| Terex Corp., 5.00%, 05/15/2029(b) |
555,000 | 535,158 | ||||||
|
|
|
|||||||
| 3,748,064 | ||||||||
|
|
|
|||||||
| Media-9.42% |
||||||||
| Altice Financing S.A. (Luxembourg), 5.75%, 08/15/2029(b) |
1,835,000 | 1,404,083 | ||||||
| AMC Networks, Inc. |
||||||||
| 10.25%, 01/15/2029(b) |
840,000 | 891,244 | ||||||
| 4.25%, 02/15/2029(c) |
893,000 | 684,029 | ||||||
| CCO Holdings LLC/CCO Holdings Capital Corp. |
||||||||
| 5.38%, 06/01/2029(b) |
1,411,000 | 1,392,390 | ||||||
| 6.38%, 09/01/2029(b) |
1,410,000 | 1,430,005 | ||||||
| Clear Channel Outdoor Holdings, Inc., 7.50%, 06/01/2029(b)(c) |
984,000 | 870,835 | ||||||
| CMG Media Corp., 8.88%, 06/18/2029(b) |
540,000 | 498,150 | ||||||
| CSC Holdings LLC |
||||||||
| 11.75%, 01/31/2029(b) |
1,750,000 | 1,641,625 | ||||||
| 6.50%, 02/01/2029(b) |
1,491,000 | 1,190,966 | ||||||
| EchoStar Corp., 10.75%, 11/30/2029(d) |
5,184,000 | 5,212,901 | ||||||
| Gray Media, Inc., 10.50%, 07/15/2029(b)(c) |
1,200,000 | 1,277,227 | ||||||
| iHeartCommunications, Inc., 9.13%, 05/01/2029(b) |
670,000 | 556,927 | ||||||
| Lamar Media Corp., 4.88%, 01/15/2029 |
375,000 | 368,486 | ||||||
| LCPR Senior Secured Financing DAC, 5.13%, 07/15/2029(b) |
815,000 | 526,694 | ||||||
| McGraw-Hill Education, Inc., 8.00%, 08/01/2029(b) |
601,000 | 603,006 | ||||||
| Outfront Media Capital LLC/Outfront Media Capital Corp., 4.25%, 01/15/2029(b) |
465,000 | 440,150 | ||||||
| Scripps Escrow II, Inc., 3.88%, 01/15/2029(b) |
484,000 | 414,265 | ||||||
| Sirius XM Radio LLC, 5.50%, 07/01/2029(b) |
1,170,000 | 1,151,596 | ||||||
| Stagwell Global LLC, 5.63%, 08/15/2029(b) |
1,038,000 | 976,838 | ||||||
| TEGNA, Inc., 5.00%, 09/15/2029 |
1,030,000 | 981,972 | ||||||
| Univision Communications, Inc., 4.50%, 05/01/2029(b) |
948,000 | 842,401 | ||||||
| Virgin Media Secured Finance PLC (United Kingdom), 5.50%, 05/15/2029(b) |
1,347,000 | 1,311,264 | ||||||
|
|
|
|||||||
| 24,667,054 | ||||||||
|
|
|
|||||||
| Metals & Mining-1.70% |
||||||||
| ATI, Inc., 4.88%, 10/01/2029 |
305,000 | 296,127 | ||||||
| Big River Steel LLC/BRS Finance Corp., 6.63%, 01/31/2029(b) |
680,000 | 685,525 | ||||||
| Cleveland-Cliffs, Inc. |
||||||||
| 4.63%, 03/01/2029(b) |
341,000 | 305,145 | ||||||
| 6.88%, 11/01/2029(b) |
835,000 | 777,051 | ||||||
| Coeur Mining, Inc., 5.13%, 02/15/2029(b) |
278,000 | 267,798 | ||||||
| Constellium SE, 3.75%, 04/15/2029(b) |
460,000 | 425,028 | ||||||
| Hudbay Minerals, Inc. (Canada), 6.13%, 04/01/2029(b) |
520,000 | 521,709 | ||||||
| SunCoke Energy, Inc., 4.88%, 06/30/2029(b) |
468,000 | 430,578 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Metals & Mining-(continued) |
||||||||
| TMS International Corp., 6.25%, 04/15/2029(b) |
$ | 328,000 | $ | 306,250 | ||||
| United States Steel Corp., 6.88%, 03/01/2029 |
440,000 | 444,218 | ||||||
|
|
|
|||||||
| 4,459,429 | ||||||||
|
|
|
|||||||
| Mortgage REITs-1.05% |
||||||||
| Apollo Commercial Real Estate Finance, Inc., 4.63%, 06/15/2029(b) |
470,000 | 439,222 | ||||||
| Blackstone Mortgage Trust, Inc., 7.75%, 12/01/2029(b) |
412,000 | 434,070 | ||||||
| Ladder Capital Finance Holdings LLLP/ Ladder Capital Finance Corp., 4.75%, 06/15/2029(b) |
590,000 | 571,914 | ||||||
| Rithm Capital Corp., 8.00%, 04/01/2029(b) |
718,000 | 720,519 | ||||||
| Starwood Property Trust, Inc., 7.25%, 04/01/2029(b) |
564,000 | 587,025 | ||||||
|
|
|
|||||||
| 2,752,750 | ||||||||
|
|
|
|||||||
| Office REITs-0.40% |
||||||||
| Brandywine Operating Partnership L.P., 8.88%, 04/12/2029 |
375,000 | 399,695 | ||||||
| Office Properties Income Trust |
||||||||
| 9.00%, 03/31/2029(b) |
281,000 | 268,056 | ||||||
| 9.00%, 09/30/2029(b) |
520,000 | 384,800 | ||||||
|
|
|
|||||||
| 1,052,551 | ||||||||
|
|
|
|||||||
| Oil, Gas & Consumable Fuels-9.00% |
||||||||
| Aethon United BR L.P./Aethon United Finance Corp., 7.50%, 10/01/2029(b) |
939,000 | 962,930 | ||||||
| Antero Midstream Partners L.P./Antero Midstream Finance Corp., 5.38%, 06/15/2029(b) |
709,000 | 702,228 | ||||||
| Ascent Resources Utica Holdings LLC/ARU Finance Corp., 5.88%, 06/30/2029(b) |
375,000 | 373,910 | ||||||
| Blue Racer Midstream LLC/Blue Racer Finance Corp., 7.00%, 07/15/2029(b) |
461,000 | 476,645 | ||||||
| Buckeye Partners L.P., 6.88%, 07/01/2029(b) |
560,000 | 576,136 | ||||||
| California Resources Corp., 8.25%, 06/15/2029(b) |
838,000 | 840,315 | ||||||
| Calumet Specialty Products Partners L.P./Calumet Finance Corp., 9.25%, 07/15/2029(b) |
20,000 | 20,550 | ||||||
| CITGO Petroleum Corp., 8.38%, 01/15/2029(b) |
1,000,000 | 1,017,291 | ||||||
| CNX Resources Corp., 6.00%, 01/15/2029(b) |
471,000 | 467,896 | ||||||
| Comstock Resources, Inc. |
||||||||
| 6.75%, 03/01/2029(b) |
1,151,000 | 1,135,474 | ||||||
| 6.75%, 03/01/2029(b) |
375,000 | 368,555 | ||||||
| CVR Energy, Inc., 8.50%, 01/15/2029(b) |
560,000 | 547,163 | ||||||
| Genesis Energy L.P./Genesis Energy Finance Corp., 8.25%, 01/15/2029 |
580,000 | 600,676 | ||||||
| Global Partners L.P./GLP Finance Corp., 6.88%, 01/15/2029 |
333,000 | 334,636 | ||||||
| Gulfport Energy Operating Corp., 6.75%, 09/01/2029(b) |
610,000 | 619,580 | ||||||
| Hess Midstream Operations L.P., 6.50%, 06/01/2029(b) |
560,000 | 572,050 | ||||||
| Hilcorp Energy I L.P./Hilcorp Finance Co., 5.75%, 02/01/2029(b) |
546,000 | 522,065 | ||||||
| Principal Amount |
Value | |||||||
| Oil, Gas & Consumable Fuels-(continued) |
||||||||
| Ithaca Energy (North Sea) PLC (United Kingdom), 8.13%, 10/15/2029(b) |
$ | 701,000 | $ | 704,610 | ||||
| ITT Holdings LLC, 6.50%, 08/01/2029(b) |
1,135,000 | 1,060,577 | ||||||
| Kodiak Gas Services LLC, 7.25%, 02/15/2029(b) |
720,000 | 738,344 | ||||||
| MEG Energy Corp. (Canada), 5.88%, 02/01/2029(b) |
563,000 | 560,485 | ||||||
| Murphy Oil USA, Inc., 4.75%, 09/15/2029 |
465,000 | 450,707 | ||||||
| NGL Energy Operating LLC/NGL Energy Finance Corp., 8.13%, 02/15/2029(b) |
834,000 | 816,104 | ||||||
| Parkland Corp. (Canada), 4.50%, 10/01/2029(b) |
756,000 | 714,577 | ||||||
| Prairie Acquiror L.P., 9.00%, 08/01/2029(b) |
375,000 | 381,537 | ||||||
| SM Energy Co., 6.75%, 08/01/2029(b) |
700,000 | 686,437 | ||||||
| Sunoco L.P., 7.00%, 05/01/2029(b) |
703,000 | 725,980 | ||||||
| Sunoco L.P./Sunoco Finance Corp., 4.50%, 05/15/2029 |
750,000 | 719,045 | ||||||
| Tallgrass Energy Partners L.P./Tallgrass Energy Finance Corp., 7.38%, 02/15/2029(b) |
753,000 | 766,564 | ||||||
| Talos Production, Inc., 9.00%, 02/01/2029(b) |
580,000 | 576,599 | ||||||
| Teine Energy Ltd. (Canada), 6.88%, 04/15/2029(b) |
373,000 | 368,130 | ||||||
| TGNR Intermediate Holdings LLC, 5.50%, 10/15/2029(b) |
658,000 | 621,952 | ||||||
| Venture Global LNG, Inc., 9.50%, 02/01/2029(b) |
2,835,000 | 3,032,801 | ||||||
| Vital Energy, Inc., 7.75%, 07/31/2029(b) |
278,000 | 234,472 | ||||||
| W&T Offshore, Inc., 10.75%, 02/01/2029(b)(c) |
320,000 | 277,004 | ||||||
|
|
|
|||||||
| 23,574,025 | ||||||||
|
|
|
|||||||
| Paper & Forest Products-0.40% |
||||||||
| Magnera Corp., 4.75%, 11/15/2029(b) |
460,000 | 390,381 | ||||||
| Mercer International, Inc. (Germany), 5.13%, 02/01/2029 |
818,000 | 651,075 | ||||||
|
|
|
|||||||
| 1,041,456 | ||||||||
|
|
|
|||||||
| Passenger Airlines-0.57% |
||||||||
| American Airlines, Inc., 8.50%, 05/15/2029(b) |
935,000 | 969,352 | ||||||
| OneSky Flight LLC, 8.88%, 12/15/2029(b) |
520,000 | 524,700 | ||||||
|
|
|
|||||||
| 1,494,052 | ||||||||
|
|
|
|||||||
| Personal Care Products-0.17% |
||||||||
| Edgewell Personal Care Co., 4.13%, 04/01/2029(b) |
470,000 | 440,138 | ||||||
|
|
|
|||||||
| Pharmaceuticals-0.74% |
||||||||
| AdaptHealth LLC, 4.63%, 08/01/2029(b) |
470,000 | 434,498 | ||||||
| HLF Financing S.a.r.l. LLC/Herbalife International, Inc., 12.25%, 04/15/2029(b) |
727,000 | 790,119 | ||||||
| Kedrion S.p.A. (Italy), 6.50%, 09/01/2029(b) |
738,000 | 712,070 | ||||||
|
|
|
|||||||
| 1,936,687 | ||||||||
|
|
|
|||||||
| Professional Services-0.44% |
||||||||
| AMN Healthcare, Inc., 4.00%, 04/15/2029(b)(c) |
325,000 | 298,888 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Professional Services-(continued) |
||||||||
| Dun & Bradstreet Corp. (The), 5.00%, 12/15/2029(b) |
$ | 415,000 | $ | 419,411 | ||||
| TriNet Group, Inc., 3.50%, 03/01/2029(b) |
470,000 | 434,777 | ||||||
|
|
|
|||||||
| 1,153,076 | ||||||||
|
|
|
|||||||
| Real Estate Management & Development-0.79% |
|
|||||||
| Anywhere Real Estate Group LLC/Realogy Co-Issuer Corp., 5.75%, 01/15/2029(b)(c) |
523,000 | 430,826 | ||||||
| Howard Hughes Corp. (The), 4.13%, 02/01/2029(b) |
603,000 | 567,353 | ||||||
| Hunt Cos., Inc., 5.25%, 04/15/2029(b) |
581,000 | 561,302 | ||||||
| Kennedy-Wilson, Inc., 4.75%, 03/01/2029 |
557,000 | 512,490 | ||||||
|
|
|
|||||||
| 2,071,971 | ||||||||
|
|
|
|||||||
| Residential REITs-0.12% |
||||||||
| Ashton Woods USA LLC/Ashton Woods Finance Co., 4.63%, 08/01/2029(b) |
331,000 | 312,217 | ||||||
|
|
|
|||||||
| Semiconductors & Semiconductor Equipment-0.41% |
|
|||||||
| ams-OSRAM AG (Austria), 12.25%, 03/30/2029(b) |
370,000 | 386,348 | ||||||
| Entegris, Inc., 3.63%, 05/01/2029(b) |
373,000 | 348,177 | ||||||
| Synaptics, Inc., 4.00%, 06/15/2029(b)(c) |
376,000 | 350,438 | ||||||
|
|
|
|||||||
| 1,084,963 | ||||||||
|
|
|
|||||||
| Software-5.10% |
||||||||
| Central Parent LLC/CDK Global II LLC/CDK Financing Co., Inc., 8.00%, 06/15/2029(b) |
700,000 | 627,793 | ||||||
| Central Parent, Inc./CDK Global, Inc., 7.25%, 06/15/2029(b) |
680,000 | 603,007 | ||||||
| Clarivate Science Holdings Corp., 4.88%, 07/01/2029(b) |
860,000 | 796,160 | ||||||
| Cloud Software Group, Inc. |
||||||||
| 6.50%, 03/31/2029(b) |
3,697,000 | 3,695,928 | ||||||
| 9.00%, 09/30/2029(b) |
3,608,000 | 3,695,779 | ||||||
| Dye & Durham Ltd. (Canada), 8.63%, 04/15/2029(b) |
520,000 | 539,874 | ||||||
| Elastic N.V., 4.13%, 07/15/2029(b) |
540,000 | 506,792 | ||||||
| Ellucian Holdings Inc., 6.50%, 12/01/2029(b) |
645,000 | 653,022 | ||||||
| Helios Software Holdings, Inc./ION Corporate Solutions Finance S.a.r.l., 8.75%, 05/01/2029(b) |
595,000 | 604,683 | ||||||
| NCR Voyix Corp., 5.13%, 04/15/2029(b) |
377,000 | 367,792 | ||||||
| Open Text Corp. (Canada), 3.88%, 12/01/2029(b) |
790,000 | 736,093 | ||||||
| Rocket Software, Inc., 6.50%, 02/15/2029(b) |
533,000 | 518,016 | ||||||
|
|
|
|||||||
| 13,344,939 | ||||||||
|
|
|
|||||||
| Specialized REITs-1.23% |
||||||||
| Iron Mountain, Inc. |
||||||||
| 7.00%, 02/15/2029(b) |
940,000 | 971,798 | ||||||
| 4.88%, 09/15/2029(b) |
940,000 | 912,984 | ||||||
| SBA Communications Corp., 3.13%, 02/01/2029 |
1,423,000 | 1,324,957 | ||||||
|
|
|
|||||||
| 3,209,739 | ||||||||
|
|
|
|||||||
| Specialty Retail-3.82% |
||||||||
| Arko Corp., 5.13%, 11/15/2029(b) |
424,000 | 354,174 | ||||||
| Asbury Automotive Group, Inc., 4.63%, 11/15/2029(b)(c) |
750,000 | 713,629 | ||||||
| At Home Group, Inc., 7.13%, 07/15/2029(b) |
20,000 | 1,875 | ||||||
| Foot Locker, Inc., 4.00%, 10/01/2029(b) |
371,000 | 352,917 | ||||||
| Principal Amount |
Value | |||||||
| Specialty Retail-(continued) |
||||||||
| Gap, Inc. (The), 3.63%, 10/01/2029(b) |
$ | 700,000 | $ | 640,076 | ||||
| Global Auto Holdings Ltd./AAG FH UK Ltd. (United Kingdom) |
||||||||
| 8.38%, 01/15/2029(b) |
492,000 | 413,053 | ||||||
| 11.50%, 08/15/2029(b) |
503,000 | 467,021 | ||||||
| LBM Acquisition LLC, 6.25%, 01/15/2029(b) |
676,000 | 543,541 | ||||||
| LCM Investments Holdings II LLC, 4.88%, 05/01/2029(b) |
940,000 | 906,274 | ||||||
| Lithia Motors, Inc., 3.88%, 06/01/2029(b) |
750,000 | 706,947 | ||||||
| Penske Automotive Group, Inc., 3.75%, 06/15/2029 |
465,000 | 436,272 | ||||||
| Sonic Automotive, Inc., 4.63%, 11/15/2029(b)(c) |
608,000 | 581,312 | ||||||
| Staples, Inc., 10.75%, 09/01/2029(b) |
2,311,000 | 2,103,661 | ||||||
| Upbound Group, Inc., 6.38%, 02/15/2029(b) |
418,000 | 400,475 | ||||||
| Velocity Vehicle Group LLC, 8.00%, 06/01/2029(b) |
465,000 | 447,583 | ||||||
| Victoria’s Secret & Co., 4.63%, 07/15/2029(b)(c) |
555,000 | 506,501 | ||||||
| Victra Holdings LLC/Victra Finance Corp., 8.75%, 09/15/2029(b)(c) |
421,000 | 430,375 | ||||||
|
|
|
|||||||
| 10,005,686 | ||||||||
|
|
|
|||||||
| Technology Hardware, Storage & Peripherals-0.33% |
|
|||||||
| Empire Communities Corp. (Canada), 9.75%, 05/01/2029(b) |
448,000 | 450,240 | ||||||
| Seagate HDD Cayman, 4.09%, 06/01/2029 |
420,000 | 402,061 | ||||||
|
|
|
|||||||
| 852,301 | ||||||||
|
|
|
|||||||
| Textiles, Apparel & Luxury Goods-0.42% |
||||||||
| Crocs, Inc., 4.25%, 03/15/2029(b) |
325,000 | 307,081 | ||||||
| Kontoor Brands, Inc., 4.13%, 11/15/2029(b) |
371,000 | 341,824 | ||||||
| Wolverine World Wide, Inc., 4.00%, 08/15/2029(b) |
510,000 | 446,888 | ||||||
|
|
|
|||||||
| 1,095,793 | ||||||||
|
|
|
|||||||
| Trading Companies & Distributors-0.67% |
||||||||
| Alta Equipment Group, Inc., 9.00%, 06/01/2029(b)(c) |
465,000 | 406,693 | ||||||
| BlueLinx Holdings, Inc., 6.00%, 11/15/2029(b) |
275,000 | 259,081 | ||||||
| Foundation Building Materials, Inc., 6.00%, 03/01/2029(b)(c) |
370,000 | 315,515 | ||||||
| Herc Holdings, Inc., 6.63%, 06/15/2029(b) |
754,000 | 764,306 | ||||||
|
|
|
|||||||
| 1,745,595 | ||||||||
|
|
|
|||||||
| Total U.S. Dollar Denominated Bonds & Notes (Cost $256,417,716) |
256,380,056 | |||||||
|
|
|
|||||||
| Shares | ||||||||
| Money Market Funds-0.79% |
||||||||
| Invesco Government & Agency Portfolio, Institutional Class, 4.24%(e)(f) |
2,063,903 | 2,063,903 | ||||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN SECURITIES |
||||||||
| (Cost $258,481,619) |
258,443,959 | |||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT)—(continued)
May 31, 2025
(Unaudited)
| Shares | Value | |||||||
| Investments Purchased with Cash Collateral from Securities on Loan |
|
|||||||
| Money Market Funds-8.43% |
|
|||||||
| Invesco Private Government
Fund, |
6,128,681 | $ | 6,128,681 | |||||
| Invesco Private Prime
Fund, |
15,945,232 | 15,948,421 | ||||||
|
|
|
|||||||
| Total Investments Purchased with Cash Collateral from Securities on
Loan |
|
22,077,102 | ||||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN
SECURITIES-107.14% |
280,521,061 | |||||||
| OTHER ASSETS LESS LIABILITIES-(7.14)% |
(18,684,031 | ) | ||||||
|
|
|
|||||||
| NET ASSETS-100.00% |
$261,837,030 | |||||||
|
|
|
|||||||
Investment Abbreviations:
CPI -Consumer Price Index
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) | Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at May 31, 2025 was $224,364,628, which represented 85.69% of the Fund’s Net Assets. |
| (c) | All or a portion of this security was out on loan at May 31, 2025. |
| (d) | Defaulted security. Currently, the issuer is in default with respect to principal and/or interest payments. The value of this security at May 31, 2025 represented 1.99% of the Fund’s Net Assets. |
| (e) | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the nine months ended May 31, 2025. |
| Value August 31, 2024 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized Appreciation (Depreciation) |
Realized Gain (Loss) |
Value May 31, 2025 |
Dividend Income | |||||||||||||||||||||||||||||
| Investments in Affiliated Money Market Funds: | |||||||||||||||||||||||||||||||||||
| Invesco Government & Agency Portfolio, Institutional Class |
$ | 526,231 | $ | 19,541,950 | $ | (18,004,278 | ) | $ | - | $ | - | $ | 2,063,903 | $ | 51,124 | ||||||||||||||||||||
| Investments Purchased with Cash Collateral from Securities on Loan: | |||||||||||||||||||||||||||||||||||
| Invesco Private Government Fund |
1,739,880 | 37,222,640 | (32,833,839 | ) | - | - | 6,128,681 | 168,193 | * | ||||||||||||||||||||||||||
| Invesco Private Prime Fund |
4,543,965 | 75,645,035 | (64,237,524 | ) | (236 | ) | (2,819 | ) | 15,948,421 | 451,168 | * | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||
| Total |
$ | 6,810,076 | $ | 132,409,625 | $ | (115,075,641 | ) | $ | (236 | ) | $ | (2,819 | ) | $ | 24,141,005 | $ | 670,485 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||
| * | Represents the income earned on the investment of cash collateral. 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 May 31, 2025. |
| (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. |
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments(a)
Invesco BulletShares 2030 High Yield Corporate Bond ETF (BSJU)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| U.S. Dollar Denominated Bonds & Notes-97.95% |
| |||||||
| Aerospace & Defense-1.85% |
||||||||
| Axon Enterprise, Inc., 6.13%, 03/15/2030(b) |
$ | 920,000 | $ | 940,608 | ||||
| TransDigm, Inc., 6.88%, 12/15/2030(b) |
1,340,000 | 1,382,804 | ||||||
|
|
|
|||||||
| 2,323,412 | ||||||||
|
|
|
|||||||
| Air Freight & Logistics-1.10% |
||||||||
| Rand Parent LLC, 8.50%, 02/15/2030(b) |
783,000 | 772,230 | ||||||
| Star Leasing Co. LLC, 7.63%, 02/15/2030(b) |
650,000 | 612,077 | ||||||
|
|
|
|||||||
| 1,384,307 | ||||||||
|
|
|
|||||||
| Automobile Components-2.70% |
||||||||
| Avis Budget Car Rental LLC/Avis Budget Finance, Inc., 8.25%, 01/15/2030(b)(c) |
650,000 | 661,654 | ||||||
| Clarios Global L.P./Clarios US Finance Co., 6.75%, 02/15/2030(b) |
650,000 | 662,516 | ||||||
| Dana, Inc., 4.25%, 09/01/2030 |
368,000 | 349,272 | ||||||
| Forvia SE (France), 8.00%, 06/15/2030(b)(c) |
460,000 | 467,900 | ||||||
| ZF North America Capital, Inc. (Germany) |
||||||||
| 7.13%, 04/14/2030(b) |
555,000 | 535,591 | ||||||
| 6.75%, 04/23/2030(b) |
740,000 | 703,507 | ||||||
|
|
|
|||||||
| 3,380,440 | ||||||||
|
|
|
|||||||
| Banks-0.82% |
||||||||
| Veritiv Operating Co., 10.50%, 11/30/2030(b) |
970,000 | 1,032,909 | ||||||
|
|
|
|||||||
| Building Products-1.06% |
||||||||
| Advanced Drainage Systems, Inc., 6.38%, 06/15/2030(b) |
461,000 | 467,008 | ||||||
| MIWD Holdco II LLC/MIWD Finance Corp., 5.50%, 02/01/2030(b)(c) |
461,000 | 426,167 | ||||||
| Oscar AcquisitionCo LLC/Oscar Finance, Inc., 9.50%, 04/15/2030(b) |
542,000 | 435,183 | ||||||
|
|
|
|||||||
| 1,328,358 | ||||||||
|
|
|
|||||||
| Capital Markets-0.50% |
||||||||
| Icahn Enterprises L.P./Icahn Enterprises Finance Corp., 9.00%, 06/15/2030 |
690,000 | 626,158 | ||||||
|
|
|
|||||||
| Chemicals-1.82% |
||||||||
| Avient Corp., 7.13%, 08/01/2030(b) |
673,000 | 693,947 | ||||||
| NOVA Chemicals Corp. (Canada), 9.00%, 02/15/2030(b) |
604,000 | 651,036 | ||||||
| SNF Group SACA (France), 3.38%, 03/15/2030(b) |
320,000 | 292,563 | ||||||
| Wayfair LLC, 7.75%, 09/15/2030(b)(c) |
650,000 | 638,464 | ||||||
|
|
|
|||||||
| 2,276,010 | ||||||||
|
|
|
|||||||
| Commercial Services & Supplies-1.06% |
| |||||||
| OT Midco Ltd., 10.00%, 02/15/2030(b) |
590,000 | 492,991 | ||||||
| Reworld Holding Corp., 5.00%, 09/01/2030 |
365,000 | 341,137 | ||||||
| VT Topco, Inc., 8.50%, 08/15/2030(b) |
462,000 | 490,178 | ||||||
|
|
|
|||||||
| 1,324,306 | ||||||||
|
|
|
|||||||
| Communications Equipment-0.27% |
||||||||
| Ciena Corp., 4.00%, 01/31/2030(b)(c) |
368,000 | 342,875 | ||||||
|
|
|
|||||||
| Construction & Engineering-0.95% |
||||||||
| Brand Industrial Services, Inc., 10.38%, 08/01/2030(b) |
1,325,000 | 1,190,084 | ||||||
|
|
|
|||||||
| Construction Materials-0.38% |
||||||||
| Williams Scotsman, Inc., 6.63%, 04/15/2030(b) |
460,000 | 471,836 | ||||||
|
|
|
|||||||
| Principal Amount |
Value | |||||||
| Consumer Finance-4.41% |
||||||||
| Credit Acceptance Corp., 6.63%, 03/15/2030(b) |
$ | 460,000 | $ | 459,066 | ||||
| Encore Capital Group, Inc., 8.50%, 05/15/2030(b)(c) |
464,000 | 492,281 | ||||||
| FirstCash, Inc., 5.63%, 01/01/2030(b) |
505,000 | 501,876 | ||||||
| goeasy Ltd. (Canada) |
||||||||
| 6.88%, 05/15/2030(b) |
368,000 | 363,737 | ||||||
| 7.38%, 10/01/2030(b) |
370,000 | 369,994 | ||||||
| Navient Corp., 9.38%, 07/25/2030 |
462,000 | 503,550 | ||||||
| OneMain Finance Corp. |
||||||||
| 7.88%, 03/15/2030 |
645,000 | 674,428 | ||||||
| 4.00%, 09/15/2030(c) |
777,000 | 699,860 | ||||||
| PRA Group, Inc., 8.88%, 01/31/2030(b) |
508,000 | 521,354 | ||||||
| RFNA L.P., 7.88%, 02/15/2030(b) |
460,000 | 461,486 | ||||||
| SLM Corp., 6.50%, 01/31/2030 |
460,000 | 474,633 | ||||||
|
|
|
|||||||
| 5,522,265 | ||||||||
|
|
|
|||||||
| Consumer Staples Distribution & Retail-0.70% |
| |||||||
| US Foods, Inc., 4.63%, 06/01/2030(b) |
461,000 | 443,727 | ||||||
| Walgreens Boots Alliance, Inc., 3.20%, 04/15/2030(c) |
461,000 | 439,313 | ||||||
|
|
|
|||||||
| 883,040 | ||||||||
|
|
|
|||||||
| Containers & Packaging-3.61% |
||||||||
| Ball Corp., 2.88%, 08/15/2030(c) |
1,198,000 | 1,062,680 | ||||||
| Clydesdale Acquisition Holdings, Inc. |
||||||||
| 6.88%, 01/15/2030(b) |
454,000 | 460,946 | ||||||
| 8.75%, 04/15/2030(b) |
1,030,000 | 1,054,144 | ||||||
| Crown Americas LLC, 5.25%, 04/01/2030 |
460,000 | 458,615 | ||||||
| Graphic Packaging International LLC, 3.75%, 02/01/2030(b) |
373,000 | 344,181 | ||||||
| OI European Group B.V., 4.75%, 02/15/2030(b)(c) |
368,000 | 346,809 | ||||||
| Toucan FinCo Ltd./Toucan FinCo Can Inc./Toucan FinCo US LLC (Canada), 9.50%, 05/15/2030(b) |
800,000 | 795,888 | ||||||
|
|
|
|||||||
| 4,523,263 | ||||||||
|
|
|
|||||||
| Diversified Consumer Services-0.57% |
||||||||
| Service Corp. International, 3.38%, 08/15/2030 |
783,000 | 711,177 | ||||||
|
|
|
|||||||
| Diversified REITs-0.47% |
||||||||
| Uniti Group L.P./Uniti Fiber Holdings, Inc./CSL Capital LLC, 6.00%, 01/15/2030(b) |
645,000 | 588,211 | ||||||
|
|
|
|||||||
| Diversified Telecommunication Services-3.92% |
|
|||||||
| Frontier Communications Holdings LLC, 6.00%, 01/15/2030(b) |
921,000 | 933,897 | ||||||
| Intelsat Jackson Holdings S.A. (Luxembourg), 6.50%, 03/15/2030(b)(c) |
2,769,000 | 2,729,926 | ||||||
| Level 3 Financing, Inc. |
||||||||
| 4.50%, 04/01/2030(b) |
658,000 | 581,981 | ||||||
| 3.88%, 10/15/2030(b)(c) |
425,000 | 360,187 | ||||||
| Lumen Technologies, Inc., 4.13%, 04/15/2030(b) |
310,000 | 302,638 | ||||||
|
|
|
|||||||
| 4,908,629 | ||||||||
|
|
|
|||||||
| Electric Utilities-1.09% |
||||||||
| ContourGlobal Power Holdings S.A. (United Kingdom), 6.75%, 02/28/2030(b) |
470,000 | 476,716 | ||||||
| PG&E Corp., 5.25%, 07/01/2030 |
921,000 | 894,334 | ||||||
|
|
|
|||||||
| 1,371,050 | ||||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2030 High Yield Corporate Bond ETF (BSJU)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Electrical Equipment-0.36% |
||||||||
| Sensata Technologies B.V., 5.88%, 09/01/2030(b) |
$ | 460,000 | $ | 455,327 | ||||
|
|
|
|||||||
| Electronic Equipment, Instruments & Components-2.07% |
| |||||||
| EMRLD Borrower L.P./Emerald Co-Issuer, Inc., 6.63%, 12/15/2030(b) |
2,561,000 | 2,590,102 | ||||||
|
|
|
|||||||
| Energy Equipment & Services-4.51% |
||||||||
| Nabors Industries, Inc., 9.13%, 01/31/2030(b) |
599,000 | 546,322 | ||||||
| Noble Finance II LLC, 8.00%, 04/15/2030(b) |
1,290,000 | 1,286,414 | ||||||
| Solaris Midstream Holdings LLC, 7.25%, 04/01/2030(b) |
460,000 | 462,816 | ||||||
| TGS ASA (Norway), 8.50%, 01/15/2030(b) |
510,000 | 521,455 | ||||||
| Transocean, Inc., 8.75%, 02/15/2030(b) |
925,600 | 939,072 | ||||||
| Viridien (France), 10.00%, 10/15/2030(b) |
420,000 | 396,741 | ||||||
| Weatherford International Ltd., 8.63%, 04/30/2030(b) |
1,474,000 | 1,498,386 | ||||||
|
|
|
|||||||
| 5,651,206 | ||||||||
|
|
|
|||||||
| Entertainment-0.68% |
||||||||
| Roblox Corp., 3.88%, 05/01/2030(b) |
921,000 | 857,478 | ||||||
|
|
|
|||||||
| Financial Services-3.87% |
||||||||
| Burford Capital Global Finance LLC, 6.88%, 04/15/2030(b) |
330,000 | 331,128 | ||||||
| GGAM Finance Ltd. (Ireland), 5.88%, 03/15/2030(b) |
365,000 | 364,087 | ||||||
| Hightower Holding LLC, 9.13%, 01/31/2030(b) |
373,000 | 388,563 | ||||||
| Midcap Financial Issuer Trust, 5.63%, 01/15/2030(b) |
365,000 | 330,228 | ||||||
| Mobius Merger Sub, Inc., 9.00%, 06/01/2030(b) |
465,000 | 412,889 | ||||||
| Nationstar Mortgage Holdings, Inc., 5.13%, 12/15/2030(b) |
599,000 | 599,415 | ||||||
| PennyMac Financial Services, Inc., 7.13%, 11/15/2030(b) |
600,000 | 613,627 | ||||||
| Scientific Games Holdings L.P./Scientific Games US FinCo, Inc., 6.63%, 03/01/2030(b) |
737,000 | 699,219 | ||||||
| TrueNoord Capital DAC (Ireland), 8.75%, 03/01/2030(b) |
370,000 | 384,032 | ||||||
| UWM Holdings LLC, 6.63%, 02/01/2030(b) |
735,000 | 721,208 | ||||||
|
|
|
|||||||
| 4,844,396 | ||||||||
|
|
|
|||||||
| Food Products-1.42% |
||||||||
| Darling Ingredients, Inc., 6.00%, 06/15/2030(b) |
921,000 | 923,232 | ||||||
| Lamb Weston Holdings, Inc., 4.13%, 01/31/2030(b) |
900,000 | 849,734 | ||||||
|
|
|
|||||||
| 1,772,966 | ||||||||
|
|
|
|||||||
| Gas Utilities-0.75% |
||||||||
| Venture Global Calcasieu Pass LLC, 6.25%, 01/15/2030(b) |
921,000 | 934,261 | ||||||
|
|
|
|||||||
| Health Care Equipment & Supplies-0.46% |
| |||||||
| Embecta Corp. |
||||||||
| 5.00%, 02/15/2030(b)(c) |
461,000 | 410,430 | ||||||
| 6.75%, 02/15/2030(b) |
169,000 | 163,492 | ||||||
|
|
|
|||||||
| 573,922 | ||||||||
|
|
|
|||||||
| Health Care Providers & Services-8.44% |
| |||||||
| Community Health Systems, Inc., 5.25%, 05/15/2030(b) |
1,422,000 | 1,281,792 | ||||||
| Principal Amount |
Value | |||||||
| Health Care Providers & Services-(continued) |
|
|||||||
| DaVita, Inc., 4.63%, 06/01/2030(b) |
$ | 2,493,000 | $ | 2,331,119 | ||||
| Molina Healthcare, Inc., 3.88%, 11/15/2030(b) |
599,000 | 548,061 | ||||||
| MPH Acquisition Holdings LLC, 5.75%, 12/31/2030(b) |
690,000 | 550,806 | ||||||
| Owens & Minor, Inc. |
||||||||
| 6.63%, 04/01/2030(b) |
510,000 | 432,390 | ||||||
| 10.00%, 04/15/2030(b) |
920,000 | 962,075 | ||||||
| Pediatrix Medical Group, Inc., 5.38%, 02/15/2030(b) |
373,000 | 361,346 | ||||||
| Star Parent, Inc., 9.00%, 10/01/2030(b)(c) |
925,000 | 957,208 | ||||||
| Tenet Healthcare Corp. |
||||||||
| 4.38%, 01/15/2030 |
1,336,000 | 1,277,959 | ||||||
| 6.13%, 06/15/2030 |
1,852,000 | 1,872,462 | ||||||
|
|
|
|||||||
| 10,575,218 | ||||||||
|
|
|
|||||||
| Health Care Technology-1.67% |
||||||||
| athenahealth Group, Inc., 6.50%, 02/15/2030(b) |
2,170,000 | 2,092,688 | ||||||
|
|
|
|||||||
| Hotel & Resort REITs-0.71% |
||||||||
| Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer, 7.00%, 02/01/2030(b) |
510,000 | 514,128 | ||||||
| XHR L.P., 6.63%, 05/15/2030(b) |
370,000 | 371,251 | ||||||
|
|
|
|||||||
| 885,379 | ||||||||
|
|
|
|||||||
| Hotels, Restaurants & Leisure-6.49% |
||||||||
| 1011778 BC ULC/New Red Finance, Inc. (Canada), 4.00%, 10/15/2030(b) |
2,682,000 | 2,469,713 | ||||||
| Caesars Entertainment, Inc., 7.00%, 02/15/2030(b) |
1,847,000 | 1,896,417 | ||||||
| Carnival Corp., 5.75%, 03/15/2030(b) |
920,000 | 922,724 | ||||||
| Churchill Downs, Inc., 5.75%, 04/01/2030(b) |
1,110,000 | 1,095,174 | ||||||
| Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc., 6.75%, 01/15/2030(b) |
1,152,000 | 1,047,127 | ||||||
| Mohegan Tribal Gaming Authority/MS Digital Entertainment Holdings LLC, 8.25%, 04/15/2030(b) |
690,000 | 702,674 | ||||||
|
|
|
|||||||
| 8,133,829 | ||||||||
|
|
|
|||||||
| Household Durables-1.75% |
||||||||
| KB Home, 7.25%, 07/15/2030(c) |
322,000 | 331,052 | ||||||
| M/I Homes, Inc., 3.95%, 02/15/2030 |
280,000 | 258,025 | ||||||
| Mattamy Group Corp. (Canada), 4.63%, 03/01/2030(b) |
543,000 | 511,571 | ||||||
| Newell Brands, Inc., 6.38%, 05/15/2030 |
690,000 | 649,942 | ||||||
| Taylor Morrison Communities, Inc., 5.13%, 08/01/2030(b) |
459,000 | 447,850 | ||||||
|
|
|
|||||||
| 2,198,440 | ||||||||
|
|
|
|||||||
| Household Products-0.34% |
||||||||
| Central Garden & Pet Co., 4.13%, 10/15/2030 |
461,000 | 426,936 | ||||||
|
|
|
|||||||
| Insurance-3.34% |
||||||||
| Acrisure LLC/Acrisure Finance, Inc., 7.50%, 11/06/2030(b) |
1,020,000 | 1,053,200 | ||||||
| HUB International Ltd., 7.25%, 06/15/2030(b) |
3,001,000 | 3,127,183 | ||||||
|
|
|
|||||||
| 4,180,383 | ||||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2030 High Yield Corporate Bond ETF (BSJU)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Interactive Media & Services-0.66% |
||||||||
| Ziff Davis, Inc., 4.63%, 10/15/2030(b) |
$ | 430,000 | $ | 390,301 | ||||
| ZipRecruiter, Inc., 5.00%, 01/15/2030(b) |
507,000 | 437,761 | ||||||
|
|
|
|||||||
| 828,062 | ||||||||
|
|
|
|||||||
| Life Sciences Tools & Services-0.73% |
||||||||
| Fortrea Holdings, Inc., 7.50%, 07/01/2030(b)(c) |
531,000 | 443,310 | ||||||
| IQVIA, Inc., 6.50%, 05/15/2030(b)(c) |
465,000 | 475,277 | ||||||
|
|
|
|||||||
| 918,587 | ||||||||
|
|
|
|||||||
| Machinery-1.50% |
||||||||
| Chart Industries, Inc., 7.50%, 01/01/2030(b) |
1,343,000 | 1,403,504 | ||||||
| SPX FLOW, Inc., 8.75%, 04/01/2030(b) |
461,000 | 474,900 | ||||||
|
|
|
|||||||
| 1,878,404 | ||||||||
|
|
|
|||||||
| Marine Transportation-0.23% |
||||||||
| NCL Corp. Ltd., 6.25%, 03/01/2030(b)(c) |
295,000 | 292,051 | ||||||
|
|
|
|||||||
| Media-4.64% |
||||||||
| Cable One, Inc., 4.00%, 11/15/2030(b)(c) |
599,000 | 464,428 | ||||||
| Clear Channel Outdoor Holdings, Inc., 7.88%, 04/01/2030(b) |
799,000 | 810,167 | ||||||
| iHeartCommunications, Inc., 7.75%, 08/15/2030(b) |
610,000 | 472,065 | ||||||
| Lamar Media Corp., 4.00%, 02/15/2030(c) |
507,000 | 478,287 | ||||||
| Sirius XM Radio LLC, 4.13%, 07/01/2030(b) |
1,382,000 | 1,256,679 | ||||||
| Univision Communications, Inc., 7.38%, 06/30/2030(b) |
829,000 | 775,579 | ||||||
| Virgin Media Finance PLC (United Kingdom), 5.00%, 07/15/2030(b) |
850,000 | 771,203 | ||||||
| Virgin Media Secured Finance PLC (United Kingdom), 4.50%, 08/15/2030(b)(c) |
850,000 | 785,528 | ||||||
|
|
|
|||||||
| 5,813,936 | ||||||||
|
|
|
|||||||
| Metals & Mining-3.41% |
||||||||
| Arsenal AIC Parent LLC, 8.00%, 10/01/2030(b) |
645,000 | 678,139 | ||||||
| ATI, Inc., 7.25%, 08/15/2030 |
397,000 | 416,043 | ||||||
| Carpenter Technology Corp., 7.63%, 03/15/2030 |
280,000 | 288,957 | ||||||
| Cleveland-Cliffs, Inc., 6.75%, 04/15/2030(b) |
695,000 | 624,786 | ||||||
| Commercial Metals Co., 4.13%, 01/15/2030 |
280,000 | 263,956 | ||||||
| JW Aluminum Continuous Cast Co., 10.25%, 04/01/2030(b) |
320,000 | 317,430 | ||||||
| Novelis, Inc., 6.88%, 01/30/2030(b)(c) |
690,000 | 711,983 | ||||||
| Taseko Mines Ltd. (Canada), 8.25%, 05/01/2030(b) |
460,000 | 473,193 | ||||||
| Vibrantz Technologies, Inc., 9.00%, 02/15/2030(b) |
700,000 | 494,106 | ||||||
|
|
|
|||||||
| 4,268,593 | ||||||||
|
|
|
|||||||
| Mortgage REITs-1.04% |
||||||||
| Starwood Property Trust, Inc. |
||||||||
| 6.00%, 04/15/2030(b) |
370,000 | 369,192 | ||||||
| 6.50%, 07/01/2030(b) |
460,000 | 466,867 | ||||||
| 6.50%, 10/15/2030(b) |
460,000 | 466,670 | ||||||
|
|
|
|||||||
| 1,302,729 | ||||||||
|
|
|
|||||||
| Oil, Gas & Consumable Fuels-10.54% |
||||||||
| Baytex Energy Corp. (Canada), 8.50%, 04/30/2030(b)(c) |
737,000 | 714,825 | ||||||
| Principal Amount |
Value | |||||||
| Oil, Gas & Consumable Fuels-(continued) |
| |||||||
| Buckeye Partners L.P., 6.75%, 02/01/2030(b) |
$ | 460,000 | $ | 475,106 | ||||
| Civitas Resources, Inc., 8.63%, 11/01/2030(b) |
923,000 | 911,052 | ||||||
| CNX Midstream Partners L.P., 4.75%, 04/15/2030(b) |
373,000 | 346,112 | ||||||
| Comstock Resources, Inc., 5.88%, 01/15/2030(b) |
896,000 | 848,104 | ||||||
| Genesis Energy L.P./Genesis Energy Finance Corp., 8.88%, 04/15/2030 |
461,000 | 484,477 | ||||||
| Hess Midstream Operations L.P. |
||||||||
| 4.25%, 02/15/2030(b) |
690,000 | 658,227 | ||||||
| 5.50%, 10/15/2030(b)(c) |
366,000 | 362,109 | ||||||
| Hilcorp Energy I L.P./Hilcorp Finance Co., 6.00%, 04/15/2030(b) |
461,000 | 437,768 | ||||||
| Kimmeridge Texas Gas LLC, 8.50%, 02/15/2030(b) |
460,000 | 455,073 | ||||||
| Kinetik Holdings L.P., 5.88%, 06/15/2030(b) |
921,000 | 916,176 | ||||||
| NuStar Logistics L.P., 6.38%, 10/01/2030 |
558,000 | 568,881 | ||||||
| Parkland Corp. (Canada), 4.63%, 05/01/2030(b) |
737,000 | 692,978 | ||||||
| PBF Holding Co. LLC/PBF Finance Corp. |
||||||||
| 9.88%, 03/15/2030(b) |
740,000 | 708,146 | ||||||
| 7.88%, 09/15/2030(b) |
462,000 | 402,073 | ||||||
| Range Resources Corp., 4.75%, 02/15/2030(b) |
464,000 | 446,289 | ||||||
| Sunoco L.P./Sunoco Finance Corp., 4.50%, 04/30/2030 |
737,000 | 696,133 | ||||||
| Tallgrass Energy Partners L.P./Tallgrass Energy Finance Corp., 6.00%, 12/31/2030(b) |
673,000 | 645,465 | ||||||
| TransMontaigne Partners LLC, 8.50%, 06/15/2030(b) |
460,000 | 469,966 | ||||||
| Venture Global LNG, Inc., 7.00%, 01/15/2030(b) |
1,390,000 | 1,384,975 | ||||||
| Vermilion Energy, Inc. (Canada), 6.88%, 05/01/2030(b) |
368,000 | 335,288 | ||||||
| Vital Energy, Inc., 9.75%, 10/15/2030 |
277,000 | 244,357 | ||||||
|
|
|
|||||||
| 13,203,580 | ||||||||
|
|
|
|||||||
| Passenger Airlines-0.66% |
||||||||
| Avianca Midco 2 PLC, 9.63%, 02/14/2030(b) |
920,000 | 821,247 | ||||||
|
|
|
|||||||
| Pharmaceuticals-1.14% |
||||||||
| AdaptHealth LLC, 5.13%, 03/01/2030(b)(c) |
558,000 | 516,156 | ||||||
| Bausch Health Cos., Inc., 14.00%, 10/15/2030(b) |
280,000 | 243,593 | ||||||
| Perrigo Finance Unlimited Co., 4.90%, 06/15/2030(c) |
695,000 | 669,519 | ||||||
|
|
|
|||||||
| 1,429,268 | ||||||||
|
|
|
|||||||
| Real Estate Management & Development-1.07% |
|
|||||||
| Anywhere Real Estate Group LLC/Anywhere Co-Issuer Corp., 7.00%, 04/15/2030(b)(c) |
583,000 | 533,094 | ||||||
| Anywhere Real Estate Group LLC/Realogy Co-Issuer Corp., 5.25%, 04/15/2030(b) |
410,000 | 318,828 | ||||||
| Kennedy-Wilson, Inc., 4.75%, 02/01/2030(c) |
550,000 | 488,634 | ||||||
|
|
|
|||||||
| 1,340,556 | ||||||||
|
|
|
|||||||
| Residential REITs-0.28% |
||||||||
| Ashton Woods USA LLC/Ashton Woods Finance Co., 4.63%, 04/01/2030(b) |
367,000 | 344,377 | ||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2030 High Yield Corporate Bond ETF (BSJU)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Semiconductors & Semiconductor Equipment-0.66% |
| |||||||
| Entegris, Inc., 5.95%, 06/15/2030(b) |
$ | 831,000 | $ | 832,258 | ||||
|
|
|
|||||||
| Software-2.53% |
||||||||
| Capstone Borrower, Inc., 8.00%, 06/15/2030(b) |
462,000 | 477,637 | ||||||
| Gen Digital, Inc., 7.13%, 09/30/2030(b)(c) |
553,000 | 571,159 | ||||||
| McAfee Corp., 7.38%, 02/15/2030(b) |
1,867,000 | 1,728,416 | ||||||
| RingCentral, Inc., 8.50%, 08/15/2030(b) |
368,000 | 388,967 | ||||||
|
|
|
|||||||
| 3,166,179 | ||||||||
|
|
|
|||||||
| Specialized REITs-0.93% |
||||||||
| Iron Mountain, Inc., 5.25%, 07/15/2030(b) |
1,198,000 | 1,169,826 | ||||||
|
|
|
|||||||
| Specialty Retail-1.33% |
||||||||
| Asbury Automotive Group, Inc., 4.75%, 03/01/2030 |
415,000 | 394,528 | ||||||
| Bath & Body Works, Inc., 6.63%, 10/01/2030(b) |
779,000 | 796,277 | ||||||
| Group 1 Automotive, Inc., 6.38%, 01/15/2030(b) |
460,000 | 469,322 | ||||||
|
|
|
|||||||
| 1,660,127 | ||||||||
|
|
|
|||||||
| Technology Hardware, Storage & Peripherals-1.04% |
| |||||||
| Diebold Nixdorf, Inc., 7.75%, 03/31/2030(b) |
880,000 | 927,174 | ||||||
| Xerox Corp., 10.25%, 10/15/2030(b) |
370,000 | 380,670 | ||||||
|
|
|
|||||||
| 1,307,844 | ||||||||
|
|
|
|||||||
| Textiles, Apparel & Luxury Goods-0.46% |
| |||||||
| VF Corp., 2.95%, 04/23/2030 |
691,000 | 577,423 | ||||||
|
|
|
|||||||
| Trading Companies & Distributors-0.67% |
| |||||||
| Boise Cascade Co., 4.88%, 07/01/2030(b) |
368,000 | 356,140 | ||||||
| Fortress Transportation and Infrastructure Investors LLC, 7.88%, 12/01/2030(b) |
462,000 | 485,806 | ||||||
|
|
|
|||||||
| 841,946 | ||||||||
|
|
|
|||||||
| Principal Amount |
Value | |||||||
| Wireless Telecommunication Services-0.29% |
| |||||||
| Ontario Gaming GTA L.P./OTG Co-Issuer, Inc. (Canada), 8.00%, 08/01/2030(b) |
$ | 368,000 | $ | 364,007 | ||||
|
|
|
|||||||
| Total U.S. Dollar Denominated Bonds & Notes |
|
122,721,861 | ||||||
|
|
|
|||||||
| Shares | ||||||||
| Money Market Funds-0.87% |
||||||||
| Invesco Government & Agency Portfolio, Institutional Class, 4.24%(d)(e) |
1,085,892 | 1,085,892 | ||||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral
from securities on loan)-98.82% |
123,807,753 | |||||||
|
|
|
|||||||
| Investments Purchased with Cash Collateral from Securities on Loan |
|
|||||||
| Money Market Funds-11.61% |
|
|||||||
| Invesco Private Government Fund, 4.29%(d)(e)(f) |
4,037,660 | 4,037,660 | ||||||
| Invesco Private Prime Fund, 4.45%(d)(e)(f) |
10,513,463 | 10,515,566 | ||||||
|
|
|
|||||||
| Total Investments Purchased with Cash Collateral from Securities on
Loan |
|
14,553,226 | ||||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN
SECURITIES-110.43% |
|
138,360,979 | ||||||
| OTHER ASSETS LESS LIABILITIES-(10.43)% |
|
(13,065,813 | ) | |||||
|
|
|
|||||||
| NET ASSETS-100.00% |
$ | 125,295,166 | ||||||
|
|
|
|||||||
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) | Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at May 31, 2025 was $105,099,133, which represented 83.88% of the Fund’s Net Assets. |
| (c) | All or a portion of this security was out on loan at May 31, 2025. |
| (d) | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the nine months ended May 31, 2025. |
| Value August 31, 2024 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized Appreciation (Depreciation) |
Realized Gain (Loss) |
Value May 31, 2025 |
Dividend Income | |||||||||||||||||||||||||||||
| Investments in Affiliated Money Market Funds: | |||||||||||||||||||||||||||||||||||
| Invesco Government & Agency Portfolio, Institutional Class | $ | 239,390 | $ | 12,125,593 | $ | (11,279,091 | ) | $ | - | $ | - | $ | 1,085,892 | $ | 17,701 | ||||||||||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2030 High Yield Corporate Bond ETF (BSJU)–(continued)
May 31, 2025
(Unaudited)
| Value August 31, 2024 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized Appreciation (Depreciation) |
Realized Gain (Loss) |
Value May 31, 2025 |
Dividend Income | |||||||||||||||||||||||||||||
| Investments Purchased with Cash Collateral from Securities on Loan: | |||||||||||||||||||||||||||||||||||
| Invesco Private Government Fund | $ | 927,063 | $ | 27,456,258 | $ | (24,345,661 | ) | $ | - | $ | - | $ | 4,037,660 | $ | 83,365 | * | |||||||||||||||||||
| Invesco Private Prime Fund | 2,416,855 | 58,550,463 | (50,450,116 | ) | (155 | ) | (1,481 | ) | 10,515,566 | 224,392 | * | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||
| Total | $ | 3,583,308 | $ | 98,132,314 | $ | (86,074,868 | ) | $ | (155 | ) | $ | (1,481 | ) | $ | 15,639,118 | $ | 325,458 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||
| * | Represents the income earned on the investment of cash collateral. 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 May 31, 2025. |
| (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. |
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments(a)
Invesco BulletShares 2031 High Yield Corporate Bond ETF (BSJV)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| U.S. Dollar Denominated Bonds & Notes-98.03% |
| |||||||
| Aerospace & Defense-0.82% |
||||||||
| TransDigm, Inc., 7.13%, 12/01/2031(b) |
$ | 290,000 | $ | 300,353 | ||||
|
|
|
|||||||
| Air Freight & Logistics-0.58% |
||||||||
| Clue Opco LLC, 9.50%, 10/15/2031(b) |
205,000 | 211,218 | ||||||
|
|
|
|||||||
| Automobile Components-2.13% |
||||||||
| Avis Budget Car Rental LLC/Avis Budget Finance, Inc., 8.00%, 02/15/2031(b) |
160,000 | 162,065 | ||||||
| Goodyear Tire & Rubber Co. (The) |
||||||||
| 5.25%, 04/30/2031 |
151,000 | 141,121 | ||||||
| 5.25%, 07/15/2031 |
170,000 | 158,757 | ||||||
| United Rentals (North America), Inc., 3.88%, 02/15/2031 |
343,000 | 316,762 | ||||||
|
|
|
|||||||
| 778,705 | ||||||||
|
|
|
|||||||
| Automobiles-0.72% |
||||||||
| Allison Transmission, Inc., 3.75%, 01/30/2031(b) |
290,000 | 263,477 | ||||||
|
|
|
|||||||
| Broadline Retail-0.28% |
||||||||
| Kohl’s Corp., 5.13%, 05/01/2031 |
160,000 | 102,572 | ||||||
| Capital Markets-1.02% |
||||||||
| Coinbase Global, Inc., 3.63%, 10/01/2031(b) |
235,000 | 204,718 | ||||||
| StoneX Group, Inc., 7.88%, 03/01/2031(b) |
160,000 | 168,636 | ||||||
|
|
|
|||||||
| 373,354 | ||||||||
|
|
|
|||||||
| Chemicals-4.74% |
||||||||
| Ashland, Inc., 3.38%, 09/01/2031(b) |
130,000 | 112,112 | ||||||
| Avient Corp., 6.25%, 11/01/2031(b) |
200,000 | 200,438 | ||||||
| Axalta Coating Systems Dutch Holding B B.V., 7.25%, 02/15/2031(b) |
140,000 | 146,616 | ||||||
| Cerdia Finanz GmbH (Germany), 9.38%, 10/03/2031(b) |
285,000 | 293,557 | ||||||
| Consolidated Energy Finance S.A. (Switzerland), 12.00%, 02/15/2031(b) |
190,000 | 174,297 | ||||||
| NOVA Chemicals Corp. (Canada), 7.00%, 12/01/2031(b) |
130,000 | 136,044 | ||||||
| Olympus Water US Holding Corp., 7.25%, 06/15/2031(b) |
250,000 | 250,194 | ||||||
| Scotts Miracle-Gro Co. (The), 4.00%, 04/01/2031 |
140,000 | 125,883 | ||||||
| Suburban Propane Partners L.P./Suburban Energy Finance Corp., 5.00%, 06/01/2031(b) |
200,000 | 186,462 | ||||||
| W. R. Grace Holdings LLC, 7.38%, 03/01/2031(b) |
110,000 | 111,207 | ||||||
|
|
|
|||||||
| 1,736,810 | ||||||||
|
|
|
|||||||
| Commercial Services & Supplies-3.64% |
||||||||
| Allied Universal Holdco LLC, 7.88%, 02/15/2031(b) |
740,000 | 767,409 | ||||||
| Clean Harbors, Inc., 6.38%, 02/01/2031(b) |
160,000 | 162,919 | ||||||
| Raven Acquisition Holdings LLC, 6.88%, 11/15/2031(b) |
405,000 | 404,174 | ||||||
|
|
|
|||||||
| 1,334,502 | ||||||||
|
|
|
|||||||
| Communications Equipment-0.50% |
||||||||
| Viasat, Inc., 7.50%, 05/30/2031(b) |
230,000 | 183,789 | ||||||
|
|
|
|||||||
| Construction & Engineering-0.98% |
||||||||
| Artera Services LLC, 8.50%, 02/15/2031(b) |
190,000 | 161,630 | ||||||
| Baldwin Insurance Group Holdings LLC/Baldwin |
||||||||
| Insurance Group Holdings Finance, 7.13%, 05/15/2031(b) |
190,000 | 196,001 | ||||||
|
|
|
|||||||
| 357,631 | ||||||||
|
|
|
|||||||
| Principal Amount |
Value | |||||||
| Construction Materials-1.67% |
||||||||
| Knife River Corp., 7.75%, 05/01/2031(b) |
$ | 130,000 | $ | 136,157 | ||||
| Smyrna Ready Mix Concrete LLC, 8.88%, 11/15/2031(b) |
301,000 | 309,359 | ||||||
| Williams Scotsman, Inc., 7.38%, 10/01/2031(b) |
160,000 | 166,577 | ||||||
|
|
|
|||||||
| 612,093 | ||||||||
|
|
|
|||||||
| Consumer Finance-1.34% |
||||||||
| OneMain Finance Corp. |
||||||||
| 7.50%, 05/15/2031 |
240,000 | 246,881 | ||||||
| 7.13%, 11/15/2031 |
240,000 | 244,380 | ||||||
|
|
|
|||||||
| 491,261 | ||||||||
|
|
|
|||||||
| Consumer Staples Distribution & Retail-0.90% |
|
|||||||
| Fiesta Purchaser, Inc., 7.88%, 03/01/2031(b) |
147,000 | 154,421 | ||||||
| Ingles Markets, Inc., 4.00%, 06/15/2031(b) |
100,000 | 91,690 | ||||||
| Safeway, Inc., 7.25%, 02/01/2031 |
80,000 | 83,357 | ||||||
|
|
|
|||||||
| 329,468 | ||||||||
|
|
|
|||||||
| Containers & Packaging-2.83% |
||||||||
| Ball Corp., 3.13%, 09/15/2031 |
270,000 | 236,984 | ||||||
| Fortress Intermediate 3, Inc., 7.50%, 06/01/2031(b) |
210,000 | 217,308 | ||||||
| LABL, Inc., 8.63%, 10/01/2031(b) |
295,000 | 244,483 | ||||||
| Owens-Brockway Glass Container, Inc., 7.25%, 05/15/2031(b) |
200,000 | 200,592 | ||||||
| Sealed Air Corp., 7.25%, 02/15/2031(b) |
130,000 | 136,004 | ||||||
|
|
|
|||||||
| 1,035,371 | ||||||||
|
|
|
|||||||
| Diversified Consumer Services-0.63% |
||||||||
| Service Corp. International, 4.00%, 05/15/2031 |
250,000 | 230,600 | ||||||
|
|
|
|||||||
| Diversified Telecommunication Services-2.34% |
||||||||
| Level 3 Financing, Inc., 4.00%, 04/15/2031(b) |
130,000 | 108,225 | ||||||
| Windstream Services LLC/Windstream Escrow Finance Corp., 8.25%, 10/01/2031(b) |
720,000 | 749,863 | ||||||
|
|
|
|||||||
| 858,088 | ||||||||
|
|
|
|||||||
| Electric Utilities-1.39% |
||||||||
| NRG Energy, Inc., 3.63%, 02/15/2031(b) |
320,000 | 290,467 | ||||||
| Sotera Health Holdings LLC, 7.38%, 06/01/2031(b) |
210,000 | 218,394 | ||||||
|
|
|
|||||||
| 508,861 | ||||||||
|
|
|
|||||||
| Electronic Equipment, Instruments & Components-0.91% |
|
|||||||
| EMRLD Borrower L.P./Emerald Co-Issuer, Inc., 6.75%, 07/15/2031(b) |
140,000 | 143,388 | ||||||
| Sensata Technologies, Inc., 3.75%, 02/15/2031(b) |
215,000 | 191,134 | ||||||
|
|
|
|||||||
| 334,522 | ||||||||
|
|
|
|||||||
| Energy Equipment & Services-0.30% |
||||||||
| Nabors Industries, Inc., 8.88%, 08/15/2031(b) |
160,000 | 109,635 | ||||||
|
|
|
|||||||
| Entertainment-1.34% |
||||||||
| Light and Wonder International, Inc., 7.50%, 09/01/2031(b) |
160,000 | 165,442 | ||||||
| Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., 7.13%, 02/15/2031(b) |
310,000 | 325,339 | ||||||
|
|
|
|||||||
| 490,781 | ||||||||
|
|
|
|||||||
| Financial Services-3.69% |
||||||||
| Focus Financial Partners LLC, 6.75%, 09/15/2031(b) |
315,000 | 318,884 | ||||||
| Freedom Mortgage Holdings LLC, 9.13%, 05/15/2031(b) |
230,000 | 234,842 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2031 High Yield Corporate Bond ETF (BSJV)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Financial Services-(continued) |
||||||||
| Jane Street Group/JSG Finance, Inc., 7.13%, 04/30/2031(b) |
$ | 435,000 | $ | 454,700 | ||||
| Nationstar Mortgage Holdings, Inc., 5.75%, 11/15/2031(b) |
190,000 | 190,456 | ||||||
| PennyMac Financial Services, Inc., 5.75%, 09/15/2031(b) |
160,000 | 154,219 | ||||||
|
|
|
|||||||
| 1,353,101 | ||||||||
|
|
|
|||||||
| Food Products-1.42% |
||||||||
| Post Holdings, Inc., 4.50%, 09/15/2031(b) |
280,000 | 255,539 | ||||||
| Viking Baked Goods Acquisition Corp., 8.63%, 11/01/2031(b) |
280,000 | 264,684 | ||||||
|
|
|
|||||||
| 520,223 | ||||||||
|
|
|
|||||||
| Gas Utilities-0.96% |
||||||||
| Venture Global Calcasieu Pass LLC, 4.13%, 08/15/2031(b) |
390,000 | 353,121 | ||||||
|
|
|
|||||||
| Ground Transportation-0.37% |
||||||||
| XPO, Inc., 7.13%, 06/01/2031(b) |
130,000 | 134,681 | ||||||
|
|
|
|||||||
| Health Care Equipment & Supplies-0.52% |
||||||||
| HAH Group Holding Co. LLC, 9.75%, 10/01/2031(b) |
190,000 | 189,362 | ||||||
|
|
|
|||||||
| Health Care Providers & Services-3.45% |
||||||||
| Community Health Systems, Inc., 4.75%, 02/15/2031(b) |
330,000 | 282,746 | ||||||
| DaVita, Inc., 3.75%, 02/15/2031(b) |
430,000 | 381,141 | ||||||
| Encompass Health Corp., 4.63%, 04/01/2031 |
110,000 | 104,964 | ||||||
| Tenet Healthcare Corp. |
||||||||
| 6.75%, 05/15/2031 |
390,000 | 401,964 | ||||||
| 6.88%, 11/15/2031 |
90,000 | 94,578 | ||||||
|
|
|
|||||||
| 1,265,393 | ||||||||
|
|
|
|||||||
| Health Care REITs-1.10% |
||||||||
| Diversified Healthcare Trust, 4.38%, 03/01/2031 |
160,000 | 132,586 | ||||||
| MPT Operating Partnership L.P./MPT Finance Corp., 3.50%, 03/15/2031 |
409,900 | 269,341 | ||||||
|
|
|
|||||||
| 401,927 | ||||||||
|
|
|
|||||||
| Hotel & Resort REITs-0.84% |
||||||||
| Service Properties Trust, 8.63%, 11/15/2031(b) |
290,000 | 309,087 | ||||||
|
|
|
|||||||
| Hotels, Restaurants & Leisure-6.87% |
||||||||
| Boyd Gaming Corp., 4.75%, 06/15/2031(b) |
280,000 | 262,414 | ||||||
| Carnival Corp., 5.88%, 06/15/2031(b) |
300,000 | 300,367 | ||||||
| Churchill Downs, Inc., 6.75%, 05/01/2031(b) |
190,000 | 193,742 | ||||||
| Hilton Domestic Operating Co., Inc., 4.00%, 05/01/2031(b) |
350,000 | 323,841 | ||||||
| Hilton Grand Vacations Borrower Escrow LLC/ Hilton Grand Vacations Borrower Escrow, Inc., 4.88%, 07/01/2031(b) |
160,000 | 143,588 | ||||||
| Life Time, Inc., 6.00%, 11/15/2031(b) |
160,000 | 160,464 | ||||||
| Merlin Entertainments Group U.S. Holdings, Inc. (United Kingdom), 7.38%, 02/15/2031(b) |
160,000 | 146,103 | ||||||
| Mohegan Tribal Gaming Authority/MS Digital Entertainment Holdings LLC, 11.88%, 04/15/2031(b) |
160,000 | 166,178 | ||||||
| Premier Entertainment Sub LLC/Premier Entertainment Finance Corp., 5.88%, 09/01/2031(b) |
230,000 | 137,138 | ||||||
| Six Flags Entertainment Corp., 7.25%, 05/15/2031(b) |
230,000 | 235,161 | ||||||
| Principal Amount |
Value | |||||||
| Hotels, Restaurants & Leisure-(continued) |
|
|||||||
| Station Casinos LLC, 4.63%, 12/01/2031(b) |
$ | 160,000 | $ | 146,569 | ||||
| Yum! Brands, Inc., 3.63%, 03/15/2031 |
330,000 | 300,417 | ||||||
|
|
|
|||||||
| 2,515,982 | ||||||||
|
|
|
|||||||
| Household Durables-1.05% |
||||||||
| Beazer Homes USA, Inc., 7.50%, 03/15/2031(b) |
80,000 | 78,593 | ||||||
| KB Home, 4.00%, 06/15/2031 |
110,000 | 99,802 | ||||||
| Somnigroup International, Inc., 3.88%, 10/15/2031(b) |
230,000 | 205,000 | ||||||
|
|
|
|||||||
| 383,395 | ||||||||
|
|
|
|||||||
| Household Products-1.13% |
||||||||
| Central Garden & Pet Co., 4.13%, 04/30/2031(b) |
130,000 | 118,677 | ||||||
| Kronos Acquisition Holdings, Inc. (Canada), 8.25%, 06/30/2031(b) |
160,000 | 140,166 | ||||||
| Prestige Brands, Inc., 3.75%, 04/01/2031(b) |
170,000 | 154,417 | ||||||
|
|
|
|||||||
| 413,260 | ||||||||
|
|
|
|||||||
| Independent Power and Renewable Electricity Producers-2.09% |
| |||||||
| Calpine Corp. |
||||||||
| 5.00%, 02/01/2031(b) |
270,000 | 262,089 | ||||||
| 3.75%, 03/01/2031(b) |
260,000 | 241,501 | ||||||
| Clearway Energy Operating LLC, 3.75%, 02/15/2031(b) |
290,000 | 261,976 | ||||||
|
|
|
|||||||
| 765,566 | ||||||||
|
|
|
|||||||
| Insurance-6.89% |
||||||||
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer |
||||||||
| 7.00%, 01/15/2031(b) |
455,000 | 465,678 | ||||||
| 6.50%, 10/01/2031(b) |
320,000 | 322,962 | ||||||
| Ardonagh Finco Ltd. (United Kingdom), 7.75%, 02/15/2031(b) |
410,000 | 424,238 | ||||||
| Howden UK Refinance PLC/Howden UK Refinance 2 PLC/Howden US Refinance LLC (United Kingdom), 7.25%, 02/15/2031(b) |
320,000 | 328,761 | ||||||
| Panther Escrow Issuer LLC, 7.13%, 06/01/2031(b) |
950,000 | 983,372 | ||||||
|
|
|
|||||||
| 2,525,011 | ||||||||
|
|
|
|||||||
| Interactive Media & Services-0.33% |
||||||||
| Match Group Holdings II LLC, 3.63%, 10/01/2031(b) |
140,000 | 122,544 | ||||||
|
|
|
|||||||
| IT Services-0.65% |
||||||||
| Star Holding LLC, 8.75%, 08/01/2031(b) |
100,000 | 90,348 | ||||||
| Twilio, Inc., 3.88%, 03/15/2031 |
160,000 | 147,524 | ||||||
|
|
|
|||||||
| 237,872 | ||||||||
|
|
|
|||||||
| Machinery-1.01% |
||||||||
| Hillenbrand, Inc., 3.75%, 03/01/2031 |
110,000 | 96,547 | ||||||
| J.B. Poindexter & Co., Inc., 8.75%, 12/15/2031(b) |
190,000 | 188,591 | ||||||
| Manitowoc Co., Inc. (The), 9.25%, 10/01/2031(b) |
80,000 | 83,459 | ||||||
|
|
|
|||||||
| 368,597 | ||||||||
|
|
|
|||||||
| Marine Transportation-1.40% |
||||||||
| Stena International S.A. (Sweden) 7.25%, 01/15/2031(b) |
401,000 | 402,779 | ||||||
| 7.63%, 02/15/2031(b) |
110,000 | 111,516 | ||||||
|
|
|
|||||||
| 514,295 | ||||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2031 High Yield Corporate Bond ETF (BSJV)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Media-9.11% |
||||||||
| CCO Holdings LLC/CCO Holdings Capital Corp. |
||||||||
| 4.25%, 02/01/2031(b) |
$ | 860,000 | $ | 788,256 | ||||
| 7.38%, 03/01/2031(b) |
350,000 | 362,469 | ||||||
| CSC Holdings LLC |
||||||||
| 3.38%, 02/15/2031(b) |
320,000 | 209,875 | ||||||
| 4.50%, 11/15/2031(b) |
470,000 | 318,156 | ||||||
| Lamar Media Corp., 3.63%, 01/15/2031 |
160,000 | 145,472 | ||||||
| McGraw-Hill Education, Inc., 7.38%, 09/01/2031(b) |
200,000 | 205,916 | ||||||
| Outfront Media Capital LLC/Outfront Media Capital Corp., 7.38%, 02/15/2031(b) |
140,000 | 147,935 | ||||||
| Sirius XM Radio LLC, 3.88%, 09/01/2031(b) |
470,000 | 411,348 | ||||||
| Sunrise FinCo I B.V. (Netherlands), 4.88%, 07/15/2031(b) |
390,000 | 362,447 | ||||||
| Univision Communications, Inc., 8.50%, 07/31/2031(b) |
400,000 | 384,377 | ||||||
|
|
|
|||||||
| 3,336,251 | ||||||||
|
|
|
|||||||
| Metals & Mining-2.89% |
||||||||
| Alcoa Nederland Holding B.V., 7.13%, 03/15/2031(b) |
240,000 | 249,307 | ||||||
| ATI, Inc., 5.13%, 10/01/2031 |
100,000 | 96,582 | ||||||
| Cleveland-Cliffs, Inc. |
||||||||
| 4.88%, 03/01/2031(b) |
100,000 | 82,058 | ||||||
| 7.50%, 09/15/2031(b) |
250,000 | 225,059 | ||||||
| Commercial Metals Co., 3.88%, 02/15/2031 |
80,000 | 72,506 | ||||||
| Kaiser Aluminum Corp., 4.50%, 06/01/2031(b) |
160,000 | 147,135 | ||||||
| Novelis Corp., 3.88%, 08/15/2031(b) |
210,000 | 186,868 | ||||||
|
|
|
|||||||
| 1,059,515 | ||||||||
|
|
|
|||||||
| Oil, Gas & Consumable Fuels-8.25% |
||||||||
| Civitas Resources, Inc., 8.75%, 07/01/2031(b) |
389,000 | 380,814 | ||||||
| CNX Resources Corp., 7.38%, 01/15/2031(b) |
160,000 | 163,926 | ||||||
| CQP Holdco L.P./BIP-V Chinook Holdco LLC, 5.50%, 06/15/2031(b) |
440,000 | 423,161 | ||||||
| Encino Acquisition Partners Holdings LLC, 8.75%, 05/01/2031(b) |
160,000 | 174,880 | ||||||
| Hilcorp Energy I L.P./Hilcorp Finance Co., 6.00%, 02/01/2031(b) |
189,000 | 174,265 | ||||||
| Moss Creek Resources Holdings, Inc., 8.25%, 09/01/2031(b) |
240,000 | 231,582 | ||||||
| Murphy Oil USA, Inc., 3.75%, 02/15/2031(b) |
140,000 | 127,012 | ||||||
| Northern Oil and Gas, Inc., 8.75%, 06/15/2031(b) |
140,000 | 141,291 | ||||||
| Tallgrass Energy Partners L.P./Tallgrass Energy Finance Corp., 6.00%, 09/01/2031(b) |
150,000 | 143,089 | ||||||
| Talos Production, Inc., 9.38%, 02/01/2031(b) |
180,000 | 177,137 | ||||||
| Venture Global LNG, Inc., 8.38%, 06/01/2031(b) |
710,000 | 721,283 | ||||||
| VFH Parent LLC/Valor Co-Issuer, Inc., 7.50%, 06/15/2031(b) |
155,000 | 161,727 | ||||||
|
|
|
|||||||
| 3,020,167 | ||||||||
|
|
|
|||||||
| Paper & Forest Products-0.57% |
||||||||
| Magnera Corp., 7.25%, 11/15/2031(b) |
230,000 | 210,613 | ||||||
|
|
|
|||||||
| Passenger Airlines-1.70% |
||||||||
| JetBlue Airways Corp./JetBlue Loyalty L.P., 9.88%, 09/20/2031(b) |
630,000 | 623,612 | ||||||
|
|
|
|||||||
| Pharmaceuticals-1.45% |
||||||||
| Organon & Co./Organon Foreign Debt Co-Issuer B.V., 5.13%, 04/30/2031(b) |
630,000 | 529,808 | ||||||
|
|
|
|||||||
| Principal Amount |
Value | |||||||
| Professional Services-0.28% |
||||||||
| TriNet Group, Inc., 7.13%, 08/15/2031(b) |
$100,000 | $ 103,165 | ||||||
|
|
|
|||||||
| Real Estate Management & Development-0.97% |
|
|||||||
| Howard Hughes Corp. (The), 4.38%, 02/01/2031(b) |
208,000 | 189,080 | ||||||
| Kennedy-Wilson, Inc., 5.00%, 03/01/2031 |
190,000 | 164,915 | ||||||
|
|
|
|||||||
| 353,995 | ||||||||
|
|
|
|||||||
| Software-2.49% |
||||||||
| Open Text Holdings, Inc. (Canada), 4.13%, 12/01/2031(b) |
200,000 | 181,404 | ||||||
| UKG, Inc., 6.88%, 02/01/2031(b) |
710,000 | 732,052 | ||||||
|
|
|
|||||||
| 913,456 | ||||||||
|
|
|
|||||||
| Specialized REITs-0.90% |
||||||||
| Iron Mountain, Inc., 4.50%, 02/15/2031(b) |
350,000 | 328,288 | ||||||
|
|
|
|||||||
| Specialty Retail-2.42% |
||||||||
| Gap, Inc. (The), 3.88%, 10/01/2031(b) |
210,000 | 186,943 | ||||||
| LCM Investments Holdings II LLC, 8.25%, 08/01/2031(b) |
240,000 | 254,652 | ||||||
| Lithia Motors, Inc., 4.38%, 01/15/2031(b) |
175,000 | 164,134 | ||||||
| Sonic Automotive, Inc., 4.88%, 11/15/2031(b) |
140,000 | 130,573 | ||||||
| Valvoline, Inc., 3.63%, 06/15/2031(b) |
170,000 | 151,006 | ||||||
|
|
|
|||||||
| 887,308 | ||||||||
|
|
|
|||||||
| Technology Hardware, Storage & Peripherals-0.23% |
|
|||||||
| Seagate HDD Cayman, 4.13%, 01/15/2031 |
90,000 | 83,516 | ||||||
|
|
|
|||||||
| Textiles, Apparel & Luxury Goods-0.73% |
||||||||
| Champ Acquisition Corp., 8.38%, 12/01/2031(b) |
160,000 | 168,397 | ||||||
| Crocs, Inc., 4.13%, 08/15/2031(b) |
110,000 | 97,785 | ||||||
|
|
|
|||||||
| 266,182 | ||||||||
|
|
|
|||||||
| Trading Companies & Distributors-0.62% |
|
|||||||
| Fortress Transportation and Infrastructure Investors LLC, 7.00%, 05/01/2031(b) |
220,000 | 225,478 | ||||||
|
|
|
|||||||
| Water Utilities-0.44% |
||||||||
| S&S Holdings LLC, 8.38%, 10/01/2031(b) |
170,000 | 162,393 | ||||||
|
|
|
|||||||
| Wireless Telecommunication Services-2.15% |
||||||||
| VMED O2 UK Financing I PLC (United Kingdom) |
||||||||
| 4.25%, 01/31/2031(b) |
421,000 | 381,288 | ||||||
| 4.75%, 07/15/2031(b) |
440,000 | 404,410 | ||||||
|
|
|
|||||||
| 785,698 | ||||||||
|
|
|
|||||||
| Total U.S. Dollar Denominated Bonds & Notes (Cost $35,838,089) |
35,905,953 | |||||||
|
|
|
|||||||
| Shares | ||||||||
| Money Market Funds-0.40% |
||||||||
| Invesco Government & Agency Portfolio, Institutional Class, 4.24%(c)(d) |
144,718 | 144,718 | ||||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN SECURITIES-98.43% |
36,050,671 | |||||||
| OTHER ASSETS LESS LIABILITIES-1.57% |
575,694 | |||||||
|
|
|
|||||||
| NET ASSETS-100.00% |
$36,626,365 | |||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2031 High Yield Corporate Bond ETF (BSJV)–(continued)
May 31, 2025
(Unaudited)
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) | Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at May 31, 2025 was $31,807,942, which represented 86.84% of the Fund’s Net Assets. |
| (c) | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the nine months ended May 31, 2025. |
| Value August 31, 2024 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized Appreciation |
Realized Gain |
Value May 31, 2025 |
Dividend Income | |||||||||||||||||||||||||||||
| Investments in Affiliated Money Market Funds: | |||||||||||||||||||||||||||||||||||
| Invesco Government & Agency Portfolio, Institutional Class | $ | 62,297 | $ | 3,876,785 | $ | (3,794,364 | ) | $ | - | $ | - | $ | 144,718 | $ | 5,793 | ||||||||||||||||||||
| (d) | The rate shown is the 7-day SEC standardized yield as of May 31, 2025. |
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments(a)
Invesco BulletShares 2032 High Yield Corporate Bond ETF (BSJW)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| U.S. Dollar Denominated Bonds & Notes-97.43% |
|
|||||||
| Aerospace & Defense-3.21% |
||||||||
| Bombardier, Inc. (Canada), 7.00%, |
$ | 115,000 | $ | 117,756 | ||||
| Goat Holdco LLC, 6.75%, 02/01/2032(b) |
120,000 | 119,625 | ||||||
| TransDigm, Inc., 6.63%, 03/01/2032(b) |
320,000 | 327,282 | ||||||
|
|
|
|||||||
| 564,663 | ||||||||
|
|
|
|||||||
| Automobile Components-3.57% |
||||||||
| Cougar JV Subsidiary LLC, 8.00%, 05/15/2032(b) |
110,000 | 115,652 | ||||||
| Dana, Inc., 4.50%, 02/15/2032 |
50,000 | 46,811 | ||||||
| Garrett Motion Holdings, Inc./Garrett LX I S.a.r.l., 7.75%, 05/31/2032(b) |
120,000 | 122,561 | ||||||
| Patrick Industries, Inc., 6.38%, 11/01/2032(b) |
65,000 | 64,128 | ||||||
| PHINIA, Inc., 6.63%, 10/15/2032(b) |
75,000 | 74,628 | ||||||
| United Rentals North America, Inc., 3.75%, 01/15/2032 |
115,000 | 103,322 | ||||||
| ZF North America Capital, Inc. (Germany), 6.88%, 04/23/2032(b) |
110,000 | 100,994 | ||||||
|
|
|
|||||||
| 628,096 | ||||||||
|
|
|
|||||||
| Banks-0.34% |
||||||||
| Brundage-Bone Concrete Pumping Holdings, Inc., 7.50%, 02/01/2032(b) |
60,000 | 59,938 | ||||||
|
|
|
|||||||
| Building Products-3.28% |
||||||||
| Builders FirstSource, Inc. |
||||||||
| 4.25%, 02/01/2032(b) |
191,000 | 173,434 | ||||||
| 6.38%, 06/15/2032(b) |
100,000 | 101,016 | ||||||
| JELD-WEN, Inc., 7.00%, 09/01/2032(b)(c) |
55,000 | 40,714 | ||||||
| MasterBrand, Inc., 7.00%, 07/15/2032(b) |
110,000 | 109,531 | ||||||
| Standard Building Solutions, Inc., 6.50%, 08/15/2032(b) |
150,000 | 152,438 | ||||||
|
|
|
|||||||
| 577,133 | ||||||||
|
|
|
|||||||
| Capital Markets-0.52% |
||||||||
| Methanex US Operations, Inc., 6.25%, 03/15/2032(b) |
95,000 | 92,021 | ||||||
|
|
|
|||||||
| Chemicals-0.31% |
||||||||
| Scotts Miracle-Gro Co. (The), 4.38%, 02/01/2032 |
60,000 | 54,079 | ||||||
|
|
|
|||||||
| Commercial Services & Supplies-3.20% |
||||||||
| ADT Security Corp. (The), 4.88%, 07/15/2032(b) |
115,000 | 109,321 | ||||||
| Brink’s Co. (The), 6.75%, 06/15/2032(b) |
60,000 | 61,600 | ||||||
| Cimpress PLC (Ireland), 7.38%, 09/15/2032(b) |
80,000 | 74,670 | ||||||
| Garda World Security Corp. (Canada) |
||||||||
| 8.25%, 08/01/2032(b) |
90,000 | 89,692 | ||||||
| 8.38%, 11/15/2032(b) |
150,000 | 150,613 | ||||||
| Wrangler Holdco Corp. (Canada), 6.63%, 04/01/2032(b) |
75,000 | 77,401 | ||||||
|
|
|
|||||||
| 563,297 | ||||||||
|
|
|
|||||||
| Construction & Engineering-0.55% |
||||||||
| Arcosa, Inc., 6.88%, 08/15/2032(b) |
95,000 | 97,481 | ||||||
|
|
|
|||||||
| Construction Materials-3.52% |
||||||||
| Global Infrastructure Solutions, Inc., 7.50%, 04/15/2032(b) |
40,000 | 39,947 | ||||||
| Quikrete Holdings, Inc., 6.38%, 03/01/2032(b) |
570,000 | 579,623 | ||||||
|
|
|
|||||||
| 619,570 | ||||||||
|
|
|
|||||||
| Consumer Finance-0.48% |
||||||||
| FirstCash, Inc., 6.88%, 03/01/2032(b) |
82,000 | 84,153 | ||||||
|
|
|
|||||||
| Principal Amount |
Value | |||||||
| Consumer Staples Distribution & Retail-1.78% |
||||||||
| Fiesta Purchaser, Inc., 9.63%, 09/15/2032(b) |
$ | 65,000 | $ | 68,161 | ||||
| Performance Food Group, Inc., 6.13%, 09/15/2032(b) |
160,000 | 161,487 | ||||||
| US Foods, Inc., 7.25%, 01/15/2032(b) |
80,000 | 83,710 | ||||||
|
|
|
|||||||
| 313,358 | ||||||||
|
|
|
|||||||
| Containers & Packaging-2.24% |
||||||||
| Clydesdale Acquisition Holdings, Inc., 6.75%, 04/15/2032(b) |
200,000 | 202,266 | ||||||
| Graphic Packaging International LLC, 6.38%, 07/15/2032(b) |
80,000 | 80,218 | ||||||
| Owens-Brockway Glass Container, Inc., 7.38%, 06/01/2032(b) |
50,000 | 49,822 | ||||||
| Sealed Air Corp., 6.50%, 07/15/2032(b) |
60,000 | 61,497 | ||||||
|
|
|
|||||||
| 393,803 | ||||||||
|
|
|
|||||||
| Distributors-0.54% |
||||||||
| Resideo Funding, Inc., 6.50%, 07/15/2032(b) |
95,000 | 95,900 | ||||||
|
|
|
|||||||
| Diversified Consumer Services-0.68% |
||||||||
| Service Corp. International, 5.75%, 10/15/2032 |
120,000 | 119,399 | ||||||
|
|
|
|||||||
| Diversified REITs-0.62% |
||||||||
| Iron Mountain Information Management Services, Inc., 5.00%, 07/15/2032(b) |
115,000 | 108,913 | ||||||
|
|
|
|||||||
| Diversified Telecommunication Services-1.29% |
||||||||
| Iliad Holding S.A.S. (France), 7.00%, 04/15/2032(b) |
130,000 | 130,998 | ||||||
| Level 3 Financing, Inc., 10.00%, 10/15/2032(b) |
25,000 | 25,204 | ||||||
| Lumen Technologies, Inc., 10.00%, 10/15/2032(b) |
70,000 | 71,880 | ||||||
|
|
|
|||||||
| 228,082 | ||||||||
|
|
|
|||||||
| Electric Utilities-2.19% |
||||||||
| Alpha Generation LLC, 6.75%, 10/15/2032(b) |
152,000 | 155,101 | ||||||
| NRG Energy, Inc., 3.88%, 02/15/2032(b) |
70,000 | 63,333 | ||||||
| Vistra Operations Co. LLC, 6.88%, 04/15/2032(b) |
160,000 | 166,555 | ||||||
|
|
|
|||||||
| 384,989 | ||||||||
|
|
|
|||||||
| Electrical Equipment-2.42% |
||||||||
| EnerSys, 6.63%, 01/15/2032(b) |
50,000 | 51,099 | ||||||
| Lightning Power LLC, 7.25%, 08/15/2032(b) |
230,000 | 241,289 | ||||||
| WESCO Distribution, Inc., 6.63%, 03/15/2032(b) |
130,000 | 133,247 | ||||||
|
|
|
|||||||
| 425,635 | ||||||||
|
|
|
|||||||
| Electronic Equipment, Instruments & Components-1.36% |
|
|||||||
| Insight Enterprises, Inc., 6.63%, 05/15/2032(b) |
85,000 | 86,677 | ||||||
| Sensata Technologies, Inc., 6.63%, 07/15/2032(b) |
75,000 | 75,731 | ||||||
| Zebra Technologies Corp., 6.50%, 06/01/2032(b) |
75,000 | 76,397 | ||||||
|
|
|
|||||||
| 238,805 | ||||||||
|
|
|
|||||||
| Energy Equipment & Services-1.97% |
||||||||
| Archrock Partners L.P./Archrock Partners Finance Corp., 6.63%, 09/01/2032(b) |
110,000 | 110,656 | ||||||
| Harvest Midstream I L.P., 7.50%, 05/15/2032(b) |
80,000 | 82,266 | ||||||
| Permian Resources Operating LLC, 7.00%, 01/15/2032(b) |
150,000 | 153,965 | ||||||
|
|
|
|||||||
| 346,887 | ||||||||
|
|
|
|||||||
| Entertainment-0.44% |
||||||||
| Cinemark USA, Inc., 7.00%, 08/01/2032(b) |
75,000 | 77,216 | ||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2032 High Yield Corporate Bond ETF (BSJW)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Financial Services-3.01% |
||||||||
| Compass Group Diversified Holdings LLC, 5.00%, 01/15/2032(b) |
$ | 30,000 | $ | 24,554 | ||||
| Freedom Mortgage Holdings LLC, 8.38%, 04/01/2032(b) |
100,000 | 98,841 | ||||||
| Jane Street Group/JSG Finance, Inc., 6.13%, 11/01/2032(b) |
240,000 | 240,566 | ||||||
| Nationstar Mortgage Holdings, Inc., 7.13%, 02/01/2032(b) |
160,000 | 166,726 | ||||||
|
|
|
|||||||
| 530,687 | ||||||||
|
|
|
|||||||
| Food Products-1.42% |
||||||||
| Lamb Weston Holdings, Inc., 4.38%, 01/31/2032(b) |
106,000 | 97,863 | ||||||
| Post Holdings, Inc., 6.25%, 02/15/2032(b) |
150,000 | 152,695 | ||||||
|
|
|
|||||||
| 250,558 | ||||||||
|
|
|
|||||||
| Ground Transportation-1.81% |
||||||||
| Genesee & Wyoming, Inc., 6.25%, 04/15/2032(b) |
110,000 | 111,854 | ||||||
| Watco Cos LLC/Watco Finance Corp., 7.13%, 08/01/2032(b) |
110,000 | 113,285 | ||||||
| XPO, Inc., 7.13%, 02/01/2032(b)(c) |
90,000 | 93,471 | ||||||
|
|
|
|||||||
| 318,610 | ||||||||
|
|
|
|||||||
| Health Care Equipment & Supplies-0.63% |
| |||||||
| Miter Brands Acquisition Holdco, Inc./MIWD Borrower LLC, 6.75%, 04/01/2032(b) |
110,000 | 110,897 | ||||||
|
|
|
|||||||
| Health Care Providers & Services-6.38% |
| |||||||
| Community Health Systems, Inc., 10.88%, 01/15/2032(b) |
315,000 | 336,143 | ||||||
| Concentra Escrow Issuer Corp., 6.88%, 07/15/2032(b) |
105,000 | 108,158 | ||||||
| DaVita, Inc., 6.88%, 09/01/2032(b) |
160,000 | 162,640 | ||||||
| LifePoint Health, Inc. |
||||||||
| 8.38%, 02/15/2032(b) |
110,000 | 115,875 | ||||||
| 10.00%, 06/01/2032(b) |
120,000 | 125,680 | ||||||
| Molina Healthcare, Inc., 3.88%, 05/15/2032(b) |
85,000 | 75,968 | ||||||
| Select Medical Corp., 6.25%, 12/01/2032(b) |
80,000 | 79,354 | ||||||
| Surgery Center Holdings, Inc., 7.25%, 04/15/2032(b) |
120,000 | 119,918 | ||||||
|
|
|
|||||||
| 1,123,736 | ||||||||
|
|
|
|||||||
| Health Care REITs-1.34% |
||||||||
| MPT Operating Partnership L.P./MPT Finance Corp., 8.50%, 02/15/2032(b) |
230,000 | 235,929 | ||||||
|
|
|
|||||||
| Hotel & Resort REITs-1.40% |
||||||||
| RHP Hotel Properties L.P./RHP Finance Corp., 6.50%, 04/01/2032(b) |
160,000 | 162,302 | ||||||
| Service Properties Trust, 8.88%, 06/15/2032(c) |
85,000 | 85,063 | ||||||
|
|
|
|||||||
| 247,365 | ||||||||
|
|
|
|||||||
| Hotels, Restaurants & Leisure-8.18% |
||||||||
| Caesars Entertainment, Inc. |
||||||||
| 6.50%, 02/15/2032(b) |
220,000 | 221,907 | ||||||
| 6.00%, 10/15/2032(b)(c) |
162,000 | 155,506 | ||||||
| Hilton Domestic Operating Co., Inc. |
||||||||
| 3.63%, 02/15/2032(b) |
220,000 | 195,949 | ||||||
| 6.13%, 04/01/2032(b) |
65,000 | 66,044 | ||||||
| Hilton Grand Vacations Borrower LLC/Hilton Grand Vacations Borrower, Inc., 6.63%, 01/15/2032(b) |
145,000 | 144,907 | ||||||
| MGM Resorts International, 6.50%, 04/15/2032(c) |
120,000 | 119,841 | ||||||
| Principal Amount |
Value | |||||||
| Hotels, Restaurants & Leisure-(continued) |
| |||||||
| Motion Finco S.a.r.l. (United Kingdom), 8.38%, 02/15/2032(b) |
$ | 60,000 | $ | 55,508 | ||||
| Station Casinos LLC, 6.63%, 03/15/2032(b) |
73,000 | 73,146 | ||||||
| Vail Resorts, Inc., 6.50%, 05/15/2032(b) |
95,000 | 97,377 | ||||||
| Yum! Brands, Inc. |
||||||||
| 4.63%, 01/31/2032 |
170,000 | 161,402 | ||||||
| 5.38%, 04/01/2032 |
150,000 | 148,428 | ||||||
|
|
|
|||||||
| 1,440,015 | ||||||||
|
|
|
|||||||
| Household Durables-1.02% |
||||||||
| LGI Homes, Inc., 7.00%, 11/15/2032(b) |
60,000 | 55,780 | ||||||
| Newell Brands, Inc., 6.63%, 05/15/2032 |
75,000 | 69,389 | ||||||
| TopBuild Corp., 4.13%, 02/15/2032(b) |
60,000 | 54,463 | ||||||
|
|
|
|||||||
| 179,632 | ||||||||
|
|
|
|||||||
| Independent Power and Renewable Electricity Producers-0.95% |
| |||||||
| California Buyer Ltd./Atlantica Sustainable Infrastructure PLC (United Kingdom), 6.38%, 02/15/2032(b) |
115,000 | 113,781 | ||||||
| Clearway Energy Operating LLC, 3.75%, 01/15/2032(b) |
60,000 | 52,754 | ||||||
|
|
|
|||||||
| 166,535 | ||||||||
|
|
|
|||||||
| Insurance-4.57% |
||||||||
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 7.38%, 10/01/2032(b) |
110,000 | 113,205 | ||||||
| Ardonagh Group Finance Ltd. (United Kingdom), 8.88%, 02/15/2032(b) |
220,000 | 227,516 | ||||||
| Howden UK Refinance PLC/Howden UK Refinance 2 PLC/Howden US Refinance LLC (United Kingdom), 8.13%, 02/15/2032(b) |
75,000 | 77,001 | ||||||
| HUB International Ltd., 7.38%, 01/31/2032(b) |
275,000 | 287,161 | ||||||
| USI, Inc., 7.50%, 01/15/2032(b) |
95,000 | 99,699 | ||||||
|
|
|
|||||||
| 804,582 | ||||||||
|
|
|
|||||||
| IT Services-1.52% |
||||||||
| EquipmentShare.com, Inc., 8.63%, 05/15/2032(b) |
90,000 | 94,491 | ||||||
| Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., 6.75%, 08/15/2032(b) |
170,000 | 173,557 | ||||||
|
|
|
|||||||
| 268,048 | ||||||||
|
|
|
|||||||
| Machinery-1.56% |
||||||||
| Northriver Midstream Finance L.P. (Canada), 6.75%, 07/15/2032(b) |
90,000 | 90,897 | ||||||
| Terex Corp., 6.25%, 10/15/2032(b) |
115,000 | 113,182 | ||||||
| Wilsonart LLC, 11.00%, 08/15/2032(b) |
80,000 | 70,464 | ||||||
|
|
|
|||||||
| 274,543 | ||||||||
|
|
|
|||||||
| Marine Transportation-1.48% |
||||||||
| NCL Corp. Ltd., 6.75%, 02/01/2032(b) |
260,000 | 260,211 | ||||||
|
|
|
|||||||
| Media-4.79% |
||||||||
| CCO Holdings LLC/CCO Holdings Capital Corp. |
||||||||
| 4.75%, 02/01/2032(b) |
175,000 | 162,116 | ||||||
| 4.50%, 05/01/2032 |
420,000 | 382,565 | ||||||
| Midcontinent Communications, 8.00%, 08/15/2032(b) |
105,000 | 108,722 | ||||||
| VZ Secured Financing B.V. (Netherlands), 5.00%, 01/15/2032(b) |
220,000 | 190,318 | ||||||
|
|
|
|||||||
| 843,721 | ||||||||
|
|
|
|||||||
| Metals & Mining-1.55% |
||||||||
| Cleveland-Cliffs, Inc., 7.00%, 03/15/2032(b)(c) |
205,000 | 177,078 | ||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2032 High Yield Corporate Bond ETF (BSJW)–(continued)
May 31, 2025
(Unaudited)
| Principal Amount |
Value | |||||||
| Metals & Mining-(continued) |
||||||||
| Commercial Metals Co., 4.38%, 03/15/2032 |
$ | 50,000 | $ | 45,500 | ||||
| Constellium SE, 6.38%, 08/15/2032(b) |
50,000 | 49,836 | ||||||
|
|
|
|||||||
| 272,414 | ||||||||
|
|
|
|||||||
| Oil, Gas & Consumable Fuels-10.60% |
||||||||
| Antero Midstream Partners L.P./Antero Midstream Finance Corp., 6.63%, 02/01/2032(b) |
95,000 | 97,107 | ||||||
| Ascent Resources Utica Holdings LLC/ARU Finance Corp., 6.63%, 10/15/2032(b) |
95,000 | 95,630 | ||||||
| Baytex Energy Corp. (Canada), 7.38%, 03/15/2032(b) |
90,000 | 81,782 | ||||||
| Blue Racer Midstream LLC/Blue Racer Finance Corp., 7.25%, 07/15/2032(b) |
80,000 | 83,009 | ||||||
| CNX Resources Corp., 7.25%, 03/01/2032(b) |
90,000 | 91,773 | ||||||
| Crescent Energy Finance LLC, 7.63%, 04/01/2032(b) |
170,000 | 160,412 | ||||||
| Genesis Energy L.P./Genesis Energy Finance Corp., 7.88%, 05/15/2032(c) |
110,000 | 111,490 | ||||||
| Global Partners L.P./GLP Finance Corp., 8.25%, 01/15/2032(b) |
70,000 | 72,824 | ||||||
| Hilcorp Energy I L.P./Hilcorp Finance Co., 6.25%, 04/15/2032(b) |
80,000 | 72,970 | ||||||
| Howard Midstream Energy Partners LLC, 7.38%, 07/15/2032(b) |
95,000 | 98,388 | ||||||
| Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas Finance Corp., 6.88%, 12/01/2032(b) |
60,000 | 59,468 | ||||||
| Matador Resources Co., 6.50%, 04/15/2032(b) |
134,000 | 131,325 | ||||||
| Murphy Oil Corp., 6.00%, 10/01/2032(c) |
95,000 | 88,660 | ||||||
| NGL Energy Operating LLC/NGL Energy Finance Corp., 8.38%, 02/15/2032(b) |
205,000 | 194,018 | ||||||
| Parkland Corp. (Canada), 6.63%, 08/15/2032(b) |
75,000 | 75,215 | ||||||
| SM Energy Co., 7.00%, 08/01/2032(b) |
115,000 | 110,506 | ||||||
| Sunoco L.P., 7.25%, 05/01/2032(b) |
115,000 | 119,645 | ||||||
| Vital Energy, Inc., 7.88%, 04/15/2032(b)(c) |
150,000 | 121,794 | ||||||
|
|
|
|||||||
| 1,866,016 | ||||||||
|
|
|
|||||||
| Personal Care Products-0.55% |
||||||||
| Sally Holdings LLC/Sally Capital, Inc., 6.75%, 03/01/2032(c) |
95,000 | 96,616 | ||||||
|
|
|
|||||||
| Pharmaceuticals-3.16% |
||||||||
| 1261229 BC Ltd., 10.00%, 04/15/2032(b) |
450,000 | 445,789 | ||||||
| Perrigo Finance Unlimited Co., 6.13%, 09/30/2032 |
110,000 | 109,890 | ||||||
|
|
|
|||||||
| 555,679 | ||||||||
|
|
|
|||||||
| Professional Services-0.93% |
||||||||
| Amentum Holdings, Inc., 7.25%, 08/01/2032(b) |
160,000 | 163,351 | ||||||
|
|
|
|||||||
| Software-2.22% |
||||||||
| Cloud Software Group, Inc., 8.25%, 06/30/2032(b) |
260,000 | 273,653 | ||||||
| SS&C Technologies, Inc., 6.50%, 06/01/2032(b) |
115,000 | 118,168 | ||||||
|
|
|
|||||||
| 391,821 | ||||||||
|
|
|
|||||||
| Principal Amount |
Value | |||||||
| Specialized REITs-0.53% |
||||||||
| Iron Mountain, Inc., 5.63%, 07/15/2032(b) |
$ | 95,000 | $ | 92,764 | ||||
|
|
|
|||||||
| Specialty Retail-1.95% |
||||||||
| Asbury Automotive Group, Inc., 5.00%, 02/15/2032(b) |
90,000 | 84,109 | ||||||
| Global Auto Holdings Ltd./AAG FH UK Ltd. (United Kingdom), 8.75%, 01/15/2032(b) |
80,000 | 62,156 | ||||||
| Wand NewCo 3, Inc., 7.63%, 01/30/2032(b) |
190,000 | 197,789 | ||||||
|
|
|
|||||||
| 344,054 | ||||||||
|
|
|
|||||||
| Trading Companies & Distributors-0.70% |
| |||||||
| Fortress Transportation and Infrastructure Investors LLC, 7.00%, 06/15/2032(b) |
120,000 | 122,763 | ||||||
|
|
|
|||||||
| Wireless Telecommunication Services-0.67% |
| |||||||
| VMED O2 UK Financing I PLC (United Kingdom), 7.75%, 04/15/2032(b) |
115,000 | 118,550 | ||||||
|
|
|
|||||||
| Total U.S. Dollar Denominated Bonds & Notes |
|
17,152,515 | ||||||
|
|
|
|||||||
| Shares | ||||||||
| Money Market Funds-0.33% |
||||||||
| Invesco Government & Agency Portfolio, Institutional Class, 4.24%(d)(e) |
58,558 | 58,558 | ||||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral
from securities on loan)-97.76% |
17,211,073 | |||||||
|
|
|
|||||||
| Investments Purchased with Cash Collateral from Securities on Loan |
|
|||||||
| Money Market Funds-5.59% |
|
|||||||
| Invesco Private Government Fund, 4.29%(d)(e)(f) |
272,752 | 272,752 | ||||||
| Invesco Private Prime Fund, 4.45%(d)(e)(f) |
710,453 | 710,595 | ||||||
|
|
|
|||||||
| Total Investments Purchased with Cash Collateral from Securities on
Loan |
|
983,347 | ||||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN
SECURITIES-103.35% |
|
18,194,420 | ||||||
| OTHER ASSETS LESS LIABILITIES-(3.35)% |
|
(589,989 | ) | |||||
|
|
|
|||||||
| NET ASSETS-100.00% |
$ | 17,604,431 | ||||||
|
|
|
|||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2032 High Yield Corporate Bond ETF (BSJW)–(continued)
May 31, 2025
(Unaudited)
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) | Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at May 31, 2025 was $15,410,060, which represented 87.54% of the Fund’s Net Assets. |
| (c) | All or a portion of this security was out on loan at May 31, 2025. |
| (d) | Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the nine months ended May 31, 2025. |
| Value August 31, 2024 |
Purchases at Cost |
Proceeds from Sales |
Change in Unrealized Appreciation |
Realized Gain (Loss) |
Value May 31, 2025 |
Dividend Income | |||||||||||||||||||||||||||||
| Investments in Affiliated Money Market Funds: | |||||||||||||||||||||||||||||||||||
| Invesco Government & Agency Portfolio, Institutional Class | $ | 28,817 | $ | 814,016 | $ | (784,275 | ) | $ | - | $ | - | $ | 58,558 | $ | 1,488 | ||||||||||||||||||||
| Investments Purchased with Cash Collateral from Securities on Loan: | |||||||||||||||||||||||||||||||||||
| Invesco Private Government Fund | 14,866 | 1,862,676 | (1,604,790 | ) | - | - | 272,752 | 4,906 | * | ||||||||||||||||||||||||||
| Invesco Private Prime Fund | 38,590 | 4,239,175 | (3,567,086 | ) | 4 | (88 | ) | 710,595 | 13,205 | * | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||
| Total | $ | 82,273 | $ | 6,915,867 | $ | (5,956,151 | ) | $ | 4 | $ | (88 | ) | $ | 1,041,905 | $ | 19,599 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||
| * | Represents the income earned on the investment of cash collateral. 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 May 31, 2025. |
| (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. |
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments
Invesco BulletShares 2025 Municipal Bond ETF (BSMP)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Municipal Obligations-93.09% |
||||||||||||||
| Alabama-0.37% |
||||||||||||||
| Alabama (State of), Series 2014 A, Ref. GO Bonds |
5.00% | 08/01/2025 | $ | 275 | $ | 275,367 | ||||||||
| Alabama (State of) Public School & College Authority (Social Bonds), Series 2020 A, Ref. RB |
5.00% | 11/01/2025 | 330 | 332,608 | ||||||||||
| Auburn University, Series 2015 A, Ref. RB(a)(b) |
4.00% | 06/09/2025 | 5 | 5,001 | ||||||||||
| Birmingham (City of), AL, Series 2015 A-1, GO Bonds(a)(b) |
5.00% | 09/01/2025 | 200 | 200,942 | ||||||||||
| Birmingham (City of), AL Special Care Facilities Financing Authority, Series 2015, Ref. RB |
5.00% | 06/01/2034 | 60 | 60,009 | ||||||||||
|
|
|
|||||||||||||
| 873,927 | ||||||||||||||
|
|
|
|||||||||||||
| Arizona-1.82% |
||||||||||||||
| Arizona (State of), Series 2019 A, Ref. COP(a) |
5.00% | 10/01/2025 | 205 | 206,309 | ||||||||||
| Arizona (State of) Department of Transportation, Series 2023, RB |
5.00% | 07/01/2025 | 40 | 40,066 | ||||||||||
| Arizona (State of) Industrial Development Authority (Equitable School Revolving Fund), Series 2022 A, RB |
4.00% | 11/01/2027 | 125 | 125,163 | ||||||||||
| Arizona (State of) Sports & Tourism Authority, Series 2022, Ref. RB, (INS - BAM)(c) |
5.00% | 07/01/2025 | 100 | 100,124 | ||||||||||
| Arizona (State of) Transportation Board (Maricopa County Regional Area Road Fund), Series 2016, Ref. RB |
5.00% | 07/01/2025 | 230 | 230,381 | ||||||||||
| Arizona (State of) Transportation Board (Maricopa County Regional Area Road Fund), Series 2018, RB |
5.00% | 07/01/2025 | 210 | 210,348 | ||||||||||
| Lake Havasu (Ciity of), AZ, Series 2015 B, Ref. RB(a)(b) |
5.00% | 07/01/2025 | 15 | 15,023 | ||||||||||
| Maricopa County Union High School District No. 210-Phoenix (2023), Series 2024 A, GO Bonds |
5.00% | 07/01/2025 | 120 | 120,166 | ||||||||||
| Mesa (City of), AZ, Series 2017, Ref. RB |
4.00% | 07/01/2025 | 75 | 75,049 | ||||||||||
| Phoenix (City of), AZ, Series 2014, GO Bonds |
4.00% | 07/01/2025 | 15 | 15,008 | ||||||||||
| Phoenix (City of), AZ, Series 2016, Ref. GO Bonds |
5.00% | 07/01/2025 | 140 | 140,211 | ||||||||||
| Phoenix (City of), AZ, Series 2022, Ref. GO Bonds |
5.00% | 07/01/2025 | 20 | 20,030 | ||||||||||
| Phoenix Civic Improvement Corp., Series 2015 A, Ref. RB |
5.00% | 07/01/2035 | 35 | 35,031 | ||||||||||
| Phoenix Civic Improvement Corp., Series 2015 A, Ref. RB |
5.00% | 07/01/2037 | 400 | 400,298 | ||||||||||
| Phoenix Civic Improvement Corp., Series 2015 B, Ref. RB(a)(b) |
5.00% | 07/15/2025 | 135 | 135,291 | ||||||||||
| Phoenix Civic Improvement Corp., Series 2017 D, Ref. RB |
5.00% | 07/01/2025 | 130 | 130,193 | ||||||||||
| Phoenix Civic Improvement Corp., Series 2017, Ref. RB |
5.00% | 07/01/2025 | 140 | 140,212 | ||||||||||
| Phoenix Civic Improvement Corp., Series 2021 B, Ref. RB |
5.00% | 07/01/2025 | 80 | 80,121 | ||||||||||
| Pima (County of), AZ, Series 2016, Ref. RB(a) |
5.00% | 07/01/2025 | 10 | 10,015 | ||||||||||
| Pima (County of), AZ, Series 2016, Ref. RB(a) |
5.00% | 07/01/2025 | 30 | 30,044 | ||||||||||
| Pima (County of), AZ, Series 2016, Ref. RB |
5.00% | 07/01/2025 | 20 | 20,031 | ||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2015 A, Ref. RB(a)(b) |
5.00% | 06/01/2025 | 605 | 605,000 | ||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2015 A, Ref. RB(a)(b) |
5.00% | 06/01/2025 | 205 | 205,000 | ||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2015 A, Ref. RB(a)(b) |
5.00% | 06/01/2025 | 625 | 625,000 | ||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2015 A, Ref. RB(a)(b) |
5.00% | 06/01/2025 | 165 | 165,000 | ||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2015 A, Ref. RB(a)(b) |
5.00% | 06/01/2025 | 250 | 250,000 | ||||||||||
| Tempe (City of), AZ, Series 2016 B, Ref. GO Bonds |
4.00% | 07/01/2025 | 40 | 40,027 | ||||||||||
| University of Arizona Board of Regents, Series 2015 D, RB |
5.00% | 07/01/2041 | 25 | 25,003 | ||||||||||
| University of Arizona Board of Regents, Series 2015 D, RB |
5.00% | 07/01/2046 | 125 | 122,407 | ||||||||||
|
|
|
|||||||||||||
| 4,316,551 | ||||||||||||||
|
|
|
|||||||||||||
| Arkansas-0.01% |
||||||||||||||
| Arkansas (State of), Series 2015, Ref. GO Bonds |
4.00% | 06/01/2025 | 25 | 25,000 | ||||||||||
|
|
|
|||||||||||||
| California-15.69% |
||||||||||||||
| Alameda Unified School District (Election of 2014), Series 2015 A, GO Bonds |
5.00% | 08/01/2039 | 30 | 30,045 | ||||||||||
| California (State of), Series 2015 B, Ref. GO Bonds |
5.00% | 09/01/2025 | 50 | 50,278 | ||||||||||
| California (State of), Series 2015 C, Ref. GO Bonds |
5.00% | 09/01/2028 | 865 | 869,029 | ||||||||||
| California (State of), Series 2015 C, Ref. GO Bonds |
5.00% | 09/01/2030 | 60 | 60,266 | ||||||||||
| California (State of), Series 2015 C, Ref. GO Bonds |
5.00% | 09/01/2032 | 75 | 75,312 | ||||||||||
| California (State of), Series 2015 C, Ref. GO Bonds |
5.00% | 09/01/2034 | 175 | 175,671 | ||||||||||
| California (State of), Series 2015, GO Bonds |
5.00% | 08/01/2045 | 815 | 815,952 | ||||||||||
| California (State of), Series 2015, Ref. GO Bonds |
5.00% | 03/01/2027 | 10 | 10,016 | ||||||||||
| California (State of), Series 2015, Ref. GO Bonds |
5.00% | 08/01/2027 | 150 | 150,477 | ||||||||||
| California (State of), Series 2015, Ref. GO Bonds |
5.00% | 03/01/2028 | 5 | 5,008 | ||||||||||
| California (State of), Series 2015, Ref. GO Bonds |
5.00% | 08/01/2029 | 100 | 100,308 | ||||||||||
| California (State of), Series 2015, Ref. GO Bonds |
5.00% | 08/01/2033 | 55 | 55,148 | ||||||||||
| California (State of), Series 2015, Ref. GO Bonds |
5.00% | 08/01/2034 | 1,750 | 1,754,542 | ||||||||||
| California (State of), Series 2015, Ref. GO Bonds |
5.00% | 08/01/2035 | 1,150 | 1,152,832 | ||||||||||
| California (State of), Series 2016, Ref. GO Bonds |
5.00% | 09/01/2025 | 50 | 50,278 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2025 Municipal Bond ETF (BSMP)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| California-(continued) |
||||||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
5.00% | 08/01/2025 | $ | 155 | $ | 155,565 | ||||||||||
| California (State of), Series 2018, Ref. GO Bonds |
5.00% | 10/01/2025 | 650 | 654,799 | ||||||||||||
| California (State of), Series 2020, GO Bonds |
5.00% | 11/01/2025 | 1,250 | 1,261,587 | ||||||||||||
| California (State of), Series 2021, GO Bonds |
4.00% | 10/01/2025 | 2,000 | 2,008,244 | ||||||||||||
| California (State of), Series 2021, Ref. GO Bonds |
5.00% | 10/01/2025 | 725 | 730,352 | ||||||||||||
| California (State of), Series 2021, Ref. GO Bonds |
5.00% | 12/01/2025 | 410 | 414,619 | ||||||||||||
| California (State of), Series 2022, GO Bonds |
5.00% | 09/01/2025 | 1,090 | 1,096,057 | ||||||||||||
| California (State of), Series 2023, Ref. GO Bonds |
5.00% | 09/01/2025 | 1,000 | 1,005,557 | ||||||||||||
| California (State of) (Bid Group B), Series 2020, Ref. GO Bonds |
5.00% | 11/01/2025 | 1,000 | 1,009,269 | ||||||||||||
| California (State of) Department of Water Resources, Series 2017 AX, Ref. RB |
5.00% | 12/01/2025 | 15 | 15,179 | ||||||||||||
| California (State of) Department of Water Resources (Central Valley), Series 2014 AS, RB |
5.00% | 12/01/2025 | 20 | 20,073 | ||||||||||||
| California (State of) Department of Water Resources (Central Valley), Series 2020 BB, Ref. RB |
5.00% | 12/01/2025 | 110 | 111,316 | ||||||||||||
| California (State of) Educational Facilities Authority (Pepperdine University), Series 2015, Ref. RB(a)(b) |
5.00% | 09/01/2025 | 5 | 5,026 | ||||||||||||
| California (State of) Educational Facilities Authority (University of Southern California), Series 2015 A, Ref. RB(a) |
5.00% | 10/01/2025 | 140 | 140,982 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center), Series 2015, Ref. RB |
5.00% | 11/15/2027 | 5 | 5,041 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center), Series 2015, Ref. RB |
5.00% | 11/15/2029 | 795 | 800,520 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center), Series 2015, Ref. RB |
5.00% | 11/15/2030 | 25 | 25,148 | ||||||||||||
| California (State of) Health Facilities Financing Authority (City of Hope), Series 2012 A, RB |
5.00% | 11/15/2032 | 5 | 5,006 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Stanford Health Care), Series 2015 A, RB |
5.00% | 08/15/2054 | 550 | 541,454 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Sutter Health), Series 2015 A, Ref. RB(a)(b) |
5.00% | 08/15/2025 | 100 | 100,420 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Sutter Health), Series 2016 A, RB(a)(b) |
3.25% | 11/15/2025 | 90 | 90,178 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Sutter Health), Series 2016 A, RB(a)(b) |
5.00% | 11/15/2025 | 55 | 55,546 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Sutter Health), Series 2016 A, RB(a)(b) |
5.00% | 11/15/2025 | 230 | 232,283 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Sutter Health), Series 2016 A, RB(a)(b) |
5.00% | 11/15/2025 | 500 | 504,964 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (Bay Area Toll Bridges), Series 2003 A, RB(a) |
5.00% | 07/01/2025 | 120 | 120,200 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (Clean Water Revolving Fund) (Green Bonds), Series 2017, RB |
5.00% | 10/01/2025 | 25 | 25,175 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (Clean Water Revolving Fund) (Green Bonds), Series 2018, RB |
5.00% | 10/01/2025 | 5 | 5,035 | ||||||||||||
| California (State of) Municipal Finance Authority (Inland Regional Center), Series 2015, Ref. RB |
5.00% | 06/15/2045 | 200 | 199,991 | ||||||||||||
| California (State of) Public Works Board, Series 2015 F, Ref. RB |
5.00% | 05/01/2027 | 150 | 150,171 | ||||||||||||
| California (State of) Public Works Board, Series 2015 H, RB |
3.50% | 12/01/2035 | 70 | 65,733 | ||||||||||||
| California (State of) Public Works Board, Series 2022 C, Ref. RB |
5.00% | 08/01/2025 | 60 | 60,189 | ||||||||||||
| California (State of) Public Works Board (Department of Corrections & Rehabilitation), Series 2015 D, RB |
5.00% | 06/01/2025 | 125 | 125,000 | ||||||||||||
| California (State of) Public Works Board (Vaious Capital), Series 2023 B, Ref. RB |
5.00% | 12/01/2025 | 300 | 303,023 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2017 B, Ref. RB(a) |
5.00% | 10/01/2025 | 5 | 5,034 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2017 B, Ref. RB |
5.00% | 10/01/2025 | 120 | 120,782 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2023, Ref. RB |
5.00% | 09/01/2025 | 15 | 15,072 | ||||||||||||
| California State University, Series 2015 A, Ref. RB |
5.00% | 11/01/2027 | 100 | 100,693 | ||||||||||||
| California State University, Series 2015 A, Ref. RB |
5.00% | 11/01/2031 | 150 | 150,816 | ||||||||||||
| California State University, Series 2015 A, Ref. RB |
5.00% | 11/01/2038 | 1,000 | 1,002,760 | ||||||||||||
| California State University, Series 2015 A, Ref. RB |
5.00% | 11/01/2043 | 660 | 660,503 | ||||||||||||
| California State University, Series 2015 A, Ref. RB |
5.00% | 11/01/2047 | 50 | 49,886 | ||||||||||||
| Chino Basin Regional Financing Authority, Series 2020 B, RN(a) |
4.00% | 11/01/2025 | 315 | 315,382 | ||||||||||||
| Coronado Community Development Agency Successor Agency, Series 2018 A, Ref. RB |
5.00% | 09/01/2033 | 55 | 55,216 | ||||||||||||
| Corona-Norco Unified School District (Election of 2014), Series 2015 A, GO Bonds(a)(b) |
5.00% | 08/01/2025 | 25 | 25,086 | ||||||||||||
| East Bay Municipal Utility District, Series 2015 A, Ref. RB(a)(b) |
5.00% | 06/16/2025 | 265 | 265,199 | ||||||||||||
| East Bay Municipal Utility District, Series 2015 A, Ref. RB(a)(b) |
5.00% | 06/16/2025 | 105 | 105,079 | ||||||||||||
| East Bay Municipal Utility District, Series 2015 A, Ref. RB(a)(b) |
5.00% | 06/16/2025 | 20 | 20,015 | ||||||||||||
| Foothill-De Anza Community College District, Series 2015, Ref. GO Bonds |
5.00% | 08/01/2028 | 350 | 351,164 | ||||||||||||
| Glendale Unified School District, Series 2015 B, Ref. GO Bonds(a)(b) |
4.00% | 09/01/2025 | 5 | 5,014 | ||||||||||||
| Grossmont Healthcare District, Series 2015 D, Ref. GO Bonds(a)(b) |
4.00% | 07/15/2025 | 70 | 70,084 | ||||||||||||
| Long Beach Unified School District (Election of 2016), Series 2023 C, GO Bonds |
5.00% | 08/01/2025 | 40 | 40,136 | ||||||||||||
| Long Beach Unified School District (Election of 2022), Series 2023 A, GO Bonds |
5.00% | 08/01/2025 | 5 | 5,017 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2025 Municipal Bond ETF (BSMP)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| California-(continued) |
||||||||||||||||
| Los Angeles (City of), CA, Series 2015 D, Ref. RB |
5.00% | 06/01/2025 | $ | 300 | $ | 300,000 | ||||||||||
| Los Angeles (City of), CA, Series 2018 B, Ref. RB |
5.00% | 06/01/2025 | 380 | 380,000 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2022 C, Ref. RB |
5.00% | 07/01/2025 | 1,005 | 1,005,986 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2015 C, Ref. GO Bonds |
5.00% | 08/01/2025 | 165 | 165,568 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2016 A, Ref. RB |
5.00% | 07/01/2025 | 35 | 35,054 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2021 A, Ref. RB |
5.00% | 06/01/2025 | 55 | 55,000 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2019 A, RB |
5.00% | 07/01/2025 | 30 | 30,046 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2020 A, RB |
5.00% | 06/01/2025 | 215 | 215,000 | ||||||||||||
| Los Angeles (County of), CA Public Works Financing Authority, Series 2016 D, RB |
5.00% | 12/01/2045 | 200 | 200,089 | ||||||||||||
| Los Angeles (County of), CA Sanitation Districts Financing Authority (Capital), Series 2015 A, Ref. RB |
5.00% | 10/01/2034 | 400 | 401,835 | ||||||||||||
| Los Angeles Community College District, Series 2024, GO Bonds |
5.00% | 08/01/2025 | 60 | 60,207 | ||||||||||||
| Los Angeles Community College District (Election of 2008), Series 2022 L, GO Bonds |
5.00% | 08/01/2025 | 165 | 165,568 | ||||||||||||
| Los Angeles Community College District (Election of 2016), Series 2022 C-1, GO Bonds |
5.00% | 08/01/2025 | 90 | 90,310 | ||||||||||||
| Los Angeles Community College District (Election of 2016), Series 2023 D, GO Bonds |
5.00% | 08/01/2025 | 195 | 195,671 | ||||||||||||
| Los Angeles Community College District (Election of 2022), Series 2023 A-1, GO Bonds |
5.00% | 08/01/2025 | 35 | 35,120 | ||||||||||||
| Los Angeles Unified School District, Series 2016 A, Ref. GO Bonds |
5.00% | 07/01/2025 | 50 | 50,078 | ||||||||||||
| Los Angeles Unified School District, Series 2016 B, Ref. GO Bonds |
5.00% | 07/01/2025 | 260 | 260,405 | ||||||||||||
| Los Angeles Unified School District, Series 2017 A, Ref. GO Bonds |
5.00% | 07/01/2025 | 1,180 | 1,181,836 | ||||||||||||
| Los Angeles Unified School District, Series 2020 C, GO Bonds |
5.00% | 07/01/2025 | 175 | 175,272 | ||||||||||||
| Los Angeles Unified School District, Series 2021 A, Ref. GO Bonds |
5.00% | 07/01/2025 | 55 | 55,086 | ||||||||||||
| Los Angeles Unified School District, Series 2024 A, Ref. GO Bonds |
5.00% | 07/01/2025 | 110 | 110,171 | ||||||||||||
| Los Angeles Unified School District (Election of 2008), Series 2016 A, GO Bonds(a)(b) |
5.00% | 07/01/2025 | 95 | 95,144 | ||||||||||||
| Los Angeles Unified School District (Election of 2008), Series 2018 B, GO Bonds |
5.00% | 07/01/2025 | 195 | 195,303 | ||||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2022 QRR, GO Bonds |
5.00% | 07/01/2025 | 160 | 160,249 | ||||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2023, COP(a) |
5.00% | 10/01/2025 | 235 | 236,524 | ||||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2023, COP |
5.00% | 10/01/2025 | 155 | 156,015 | ||||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2023, GO Bonds |
5.00% | 07/01/2025 | 150 | 150,233 | ||||||||||||
| Los Rios Community College District, Series 2021 E, GO Bonds |
3.00% | 08/01/2025 | 1,050 | 1,049,758 | ||||||||||||
| Metropolitan Water District of Southern California, Series 2015 A, RB(a)(b) |
5.00% | 07/01/2025 | 500 | 500,860 | ||||||||||||
| Metropolitan Water District of Southern California, Series 2019 A, Ref. RB |
5.00% | 07/01/2025 | 325 | 325,466 | ||||||||||||
| Modesto Irrigation District, Series 2015 A, RB |
5.00% | 10/01/2040 | 235 | 235,569 | ||||||||||||
| Monterey (City of), CA, Series 2015, COP |
4.00% | 09/01/2045 | 35 | 32,455 | ||||||||||||
| Municipal Improvement Corp. of Los Angeles (Real Property), Series 2016 B, Ref. RB |
5.00% | 11/01/2025 | 100 | 100,749 | ||||||||||||
| Oakland (City of), CA, Series 2015 A, Ref. GO Bonds |
4.00% | 01/15/2039 | 20 | 19,396 | ||||||||||||
| Oakland Unified School District, Series 2015, Ref. GO Bonds, (INS - AGI)(c) |
5.00% | 08/01/2025 | 75 | 75,262 | ||||||||||||
| Palomar Community College District (Election of 2006), Series 2015 C, GO Bonds(a)(b) |
4.00% | 08/01/2025 | 30 | 30,055 | ||||||||||||
| Palomar Community College District (Election of 2006), Series 2015 C, GO Bonds(a)(b) |
5.00% | 08/01/2025 | 5 | 5,017 | ||||||||||||
| Pasadena Area Community College District, Series 2023 A-1, Ref. GO Bonds |
5.00% | 08/01/2025 | 90 | 90,314 | ||||||||||||
| Peralta Community College District, Series 2016 A, Ref. GO Bonds(a)(b) |
4.00% | 08/01/2025 | 20 | 20,037 | ||||||||||||
| Regents of the University of California Medical Center, Series 2007 B-2, VRD Ref. RB(d) |
0.70% | 05/15/2032 | 550 | 550,000 | ||||||||||||
| Riverside (County of), CA Public Financing Authority (Capital Facilities), Series 2015, RB(a)(b) |
4.13% | 11/01/2025 | 185 | 186,054 | ||||||||||||
| Riverside (County of), CA Public Financing Authority (Capital Facilities), Series 2015, RB(a)(b) |
5.25% | 11/01/2025 | 90 | 90,926 | ||||||||||||
| Riverside (County of), CA Public Financing Authority (Capital Facilities), Series 2015, RB(a)(b) |
5.25% | 11/01/2025 | 10 | 10,103 | ||||||||||||
| Sacramento (City of), CA Municipal Utility District, Series 2015, Ref. RB(a)(b) |
5.00% | 07/01/2025 | 30 | 30,045 | ||||||||||||
| Sacramento (City of), CA Municipal Utility District, Series 2022 J, Ref. RB |
5.00% | 08/15/2025 | 200 | 200,820 | ||||||||||||
| Sacramento (County of), CA Water Financing Authority, Series 2022 A, RB |
4.00% | 11/01/2025 | 165 | 165,317 | ||||||||||||
| San Bernardino (County of), CA (Arrowhead), Series 2019 A, Ref. COP |
5.00% | 10/01/2025 | 25 | 25,180 | ||||||||||||
| San Diego (City of), CA Public Facilities Financing Authority, Series 2016 B, Ref. RB |
5.00% | 08/01/2025 | 30 | 30,109 | ||||||||||||
| San Diego (County of), CA Water Authority, Series 2015, Ref. RB |
5.00% | 05/01/2029 | 100 | 100,099 | ||||||||||||
| San Diego Community College District, Series 2016, Ref. GO Bonds |
5.00% | 08/01/2025 | 45 | 45,159 | ||||||||||||
| San Diego Unified School District, Series 2015 R-4, Ref. GO Bonds |
5.00% | 07/01/2025 | 120 | 120,192 | ||||||||||||
| San Diego Unified School District, Series 2015 R-4, Ref. GO Bonds(a)(b) |
5.00% | 07/01/2025 | 25 | 25,040 | ||||||||||||
| San Diego Unified School District (Election of 1998), Series 2004 D-1, Ref. GO Bonds, (INS - NATL)(c) |
5.50% | 07/01/2025 | 20 | 20,042 | ||||||||||||
| San Diego Unified School District (Election of 1998), Series 2005 E-2, Ref. GO Bonds, (INS - AGI)(c) |
5.50% | 07/01/2025 | 30 | 30,064 | ||||||||||||
| San Diego Unified School District (Election of 2018) (Green Bonds), Series 2023, GO Bonds |
5.00% | 07/01/2025 | 485 | 485,775 | ||||||||||||
| San Francisco (City & County of), CA, Series 2020 R-1, Ref. GO Bonds |
5.00% | 06/15/2025 | 65 | 65,054 | ||||||||||||
| San Francisco (City & County of), CA, Series 2022 R-1, Ref. GO Bonds |
5.00% | 06/15/2025 | 70 | 70,058 | ||||||||||||
| San Francisco (City & County of), CA (Moscone Convention Center Expansion), Series 2017 B, COP |
5.00% | 04/01/2029 | 35 | 35,218 | ||||||||||||
| San Francisco (City & County of), CA Public Utilities Commission, Series 2016 B, RB |
4.00% | 10/01/2046 | 350 | 313,297 | ||||||||||||
| San Francisco (City & County of), CA Public Utilities Commission, Series 2016, Ref. RB |
5.00% | 11/01/2025 | 25 | 25,227 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2025 Municipal Bond ETF (BSMP)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| California-(continued) |
||||||||||||||||
| San Francisco Bay Area Rapid Transit District, Series 2015 A, Ref. RB |
5.00% | 07/01/2025 | $ | 100 | $ | 100,174 | ||||||||||
| San Francisco Bay Area Rapid Transit District, Series 2015 A, Ref. RB |
5.00% | 07/01/2027 | 125 | 125,210 | ||||||||||||
| San Francisco Bay Area Rapid Transit District, Series 2015 A, Ref. RB |
5.00% | 07/01/2028 | 115 | 115,189 | ||||||||||||
| San Francisco Bay Area Rapid Transit District (Election of 2004), Series 2015 D, Ref. GO Bonds |
5.00% | 08/01/2029 | 90 | 90,207 | ||||||||||||
| San Francisco Bay Area Rapid Transit District (Election of 2004), Series 2015 D, Ref. GO Bonds |
4.00% | 08/01/2035 | 150 | 149,085 | ||||||||||||
| San Francisco Unified School District, Series 2020, Ref. GO Bonds |
4.00% | 06/15/2025 | 1,185 | 1,185,338 | ||||||||||||
| San Joaquin Hills Transportation Corridor Agency, Series 2014 B, Ref. RB |
5.25% | 01/15/2044 | 300 | 300,047 | ||||||||||||
| San Joaquin Hills Transportation Corridor Agency, Series 2014 B, Ref. RB |
5.25% | 01/15/2049 | 300 | 300,036 | ||||||||||||
| San Jose (City of), CA Redevelopment Agency Successor Agency, Series 2017 B, Ref. RB |
5.00% | 08/01/2025 | 150 | 150,492 | ||||||||||||
| San Jose Unified School District, Series 2016, Ref. GO Bonds |
5.00% | 08/01/2032 | 5 | 5,015 | ||||||||||||
| San Jose Unified School District (Election of 2016), Series 2024, Ref. GO Bonds |
5.00% | 08/01/2025 | 15 | 15,054 | ||||||||||||
| San Mateo & Foster (Cities of), CA Public Financing Authority (Clean Water Program), Series 2021 B, RB(a) |
5.00% | 08/01/2025 | 755 | 757,675 | ||||||||||||
| San Mateo & Foster (Cities of), CA Public Financing Authority (Estero Municipal Improvement District), Series 2021 A, RB(a) |
5.00% | 08/01/2025 | 50 | 50,177 | ||||||||||||
| San Mateo County Community College District, Series 2015 A, GO Bonds(a)(b) |
5.00% | 09/01/2025 | 65 | 65,340 | ||||||||||||
| San Mateo County Transit District, Series 2015 A, Ref. RB(a)(b) |
5.00% | 06/01/2025 | 1,000 | 1,000,000 | ||||||||||||
| San Mateo Foster City School District (Election of 2008), Series 2015 D, GO Bonds(a)(b) |
4.00% | 08/01/2025 | 100 | 100,193 | ||||||||||||
| San Mateo Foster City School District (Election of 2015), Series 2016 A, GO Bonds(a)(b) |
4.00% | 08/01/2025 | 5 | 5,010 | ||||||||||||
| Santa Clara (County of), CA Financing Authority, Series 2016 Q, Ref. RB |
3.00% | 05/15/2034 | 200 | 185,149 | ||||||||||||
| Santa Clara Unified School District, Series 2023, GO Bonds |
5.00% | 07/01/2025 | 105 | 105,182 | ||||||||||||
| Sequoia Union High School District (Election of 2022), Series 2024, GO Bonds |
5.00% | 07/01/2025 | 45 | 45,078 | ||||||||||||
| South San Francisco Unified School District (Measure J), Series 2016 C, GO Bonds(a)(b) |
4.00% | 09/01/2025 | 25 | 25,059 | ||||||||||||
| Tustin Unified School District (Community Facilities District No. 97-1), Series 2015 A, Ref. RB, (INS - BAM)(c) |
5.00% | 09/01/2038 | 150 | 150,336 | ||||||||||||
| Val Verde Unified School District Community Facilities Disctrict No. 2018-2 (Stratford Ranch Improvement Area No. 2), Series 2015 B, Ref, GO Bonds(a)(b) |
5.00% | 08/01/2025 | 25 | 25,086 | ||||||||||||
| Ventura County Community College District, Series 2015, Ref. GO Bonds(a)(b) |
5.00% | 08/01/2025 | 10 | 10,033 | ||||||||||||
| Vista Joint Powers Financing Authority, Series 2015, Ref. RB(a)(b) |
5.25% | 06/20/2025 | 45 | 45,048 | ||||||||||||
| Yosemite Community College District, Series 2015, Ref. GO Bonds(a)(b) |
5.00% | 08/01/2025 | 20 | 20,071 | ||||||||||||
| Yosemite Community College District, Series 2015, Ref. GO Bonds(a)(b) |
5.00% | 08/01/2025 | 95 | 95,337 | ||||||||||||
|
|
|
|||||||||||||||
| 37,252,910 | ||||||||||||||||
|
|
|
|||||||||||||||
| Colorado-1.10% |
||||||||||||||||
| Adams & Weld Counties School District No. 27J Brighton, Series 2015, GO Bonds |
5.00% | 12/01/2040 | 10 | 10,040 | ||||||||||||
| Adams (County of), CO, Series 2015, Ref. COP |
4.00% | 12/01/2040 | 200 | 187,869 | ||||||||||||
| Adams 12 Five Star Schools, Series 2014, Ref. GO Bonds. |
5.00% | 12/15/2025 | 95 | 95,999 | ||||||||||||
| Anthem West Metropolitan District, Series 2015, Ref. GO Bonds, (INS - BAM)(c) |
4.13% | 12/01/2044 | 5 | 4,406 | ||||||||||||
| Arapahoe County School District No. 5 Cherry Creek, Series 2017, GO Bonds |
5.00% | 12/15/2031 | 130 | 131,006 | ||||||||||||
| Arapahoe County School District No. 6 Littleton, Series 2019 A, GO Bonds |
5.00% | 12/01/2025 | 85 | 85,861 | ||||||||||||
| Boulder Valley School District No. Re-2 Boulder, Series 2015, GO Bonds |
5.00% | 12/01/2038 | 200 | 200,127 | ||||||||||||
| Colorado (State of), Series 2018 A, COP |
5.00% | 12/15/2025 | 35 | 35,346 | ||||||||||||
| Colorado (State of), Series 2021 A, COP |
5.00% | 12/15/2025 | 155 | 156,531 | ||||||||||||
| Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2019 A, Ref. RB |
5.00% | 08/01/2025 | 50 | 50,118 | ||||||||||||
| Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2019, Ref. RB |
5.00% | 08/01/2025 | 25 | 25,059 | ||||||||||||
| Colorado (State of) Higher Education, Series 2014 A, Ref. COP |
5.00% | 11/01/2025 | 145 | 146,206 | ||||||||||||
| Colorado (State of) Regional Transportation District, Series 2015, COP(a)(b) |
5.00% | 06/01/2025 | 165 | 165,000 | ||||||||||||
| Colorado Springs (City of), CO, Series 2018 A-1, Ref. RB |
5.00% | 11/15/2025 | 225 | 227,111 | ||||||||||||
| Denver (City & County of), CO, Series 2016 A, Ref. RB |
5.00% | 11/15/2025 | 45 | 45,410 | ||||||||||||
| Denver (City & County of), CO, Series 2022 C, Ref. RB |
5.00% | 11/15/2025 | 120 | 121,094 | ||||||||||||
| Denver (City & County of), CO, Series 2024 A, GO Bonds |
5.00% | 08/01/2025 | 145 | 145,446 | ||||||||||||
| Denver (City & County of), CO, Series 2024 B, GO Bonds |
5.00% | 08/01/2025 | 60 | 60,185 | ||||||||||||
| Denver City & County School District No. 1, Series 2016, Ref. GO Bonds |
5.00% | 12/01/2025 | 120 | 121,221 | ||||||||||||
| Denver City & County School District No. 1, Series 2017, GO Bonds |
5.00% | 12/01/2025 | 10 | 10,102 | ||||||||||||
| Douglas County School District No. Re-1 Douglas & Elbert Counties, Series 2022, Ref. GO Bonds |
5.00% | 12/15/2025 | 30 | 30,336 | ||||||||||||
| Park Creek Metropolitan District, Series 2015, Ref. RB |
5.00% | 12/01/2045 | 275 | 275,537 | ||||||||||||
| St. Vrain Valley School District Re-1J (Boulder, Larimer & Weld Counties and the City and County of Broomfield), Series 2016 A, Ref. GO Bonds |
4.00% | 12/15/2032 | 25 | 25,049 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2025 Municipal Bond ETF (BSMP)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Colorado-(continued) |
||||||||||||||||
| University of Colorado, Series 2017 A-2, Ref. RB |
5.00% | 06/01/2025 | $ | 130 | $ | 130,000 | ||||||||||
| University of Northern Colorado, Series 2015 A, Ref. RB, (CEP - Colorado Higher Education Intercept Program) |
4.00% | 06/01/2040 | 130 | 125,631 | ||||||||||||
|
|
|
|||||||||||||||
| 2,610,690 | ||||||||||||||||
|
|
|
|||||||||||||||
| Connecticut-1.82% |
||||||||||||||||
| Connecticut (State of), Series 2014 H, Ref. GO Bonds |
5.00% | 11/15/2025 | 15 | 15,137 | ||||||||||||
| Connecticut (State of), Series 2015 A, GO Bonds(a)(b) |
5.00% | 08/01/2025 | 200 | 200,632 | ||||||||||||
| Connecticut (State of), Series 2015 A, GO Bonds(a)(b) |
5.00% | 08/01/2025 | 210 | 210,664 | ||||||||||||
| Connecticut (State of), Series 2015 B, GO Bonds |
5.00% | 06/15/2025 | 50 | 50,034 | ||||||||||||
| Connecticut (State of), Series 2015 B, GO Bonds(a)(b) |
5.00% | 08/01/2025 | 90 | 90,285 | ||||||||||||
| Connecticut (State of), Series 2015 B, GO Bonds(a)(b) |
5.00% | 08/01/2025 | 25 | 25,079 | ||||||||||||
| Connecticut (State of), Series 2015 F, GO Bonds |
5.00% | 11/15/2025 | 5 | 5,046 | ||||||||||||
| Connecticut (State of), Series 2015 F, GO Bonds |
5.00% | 11/15/2027 | 160 | 161,271 | ||||||||||||
| Connecticut (State of), Series 2015 F, GO Bonds |
5.00% | 11/15/2028 | 10 | 10,073 | ||||||||||||
| Connecticut (State of), Series 2015 F, GO Bonds |
5.00% | 11/15/2030 | 45 | 45,271 | ||||||||||||
| Connecticut (State of), Series 2015 F, GO Bonds |
5.00% | 11/15/2032 | 15 | 15,067 | ||||||||||||
| Connecticut (State of), Series 2015, Ref. RB |
5.00% | 08/01/2027 | 325 | 325,919 | ||||||||||||
| Connecticut (State of), Series 2016 E, GO Bonds |
5.00% | 10/15/2025 | 10 | 10,074 | ||||||||||||
| Connecticut (State of), Series 2018 B, RB |
5.00% | 10/01/2025 | 200 | 201,370 | ||||||||||||
| Connecticut (State of), Series 2021 D, RB |
5.00% | 11/01/2025 | 1,000 | 1,008,523 | ||||||||||||
| Connecticut (State of), Series 2022 D, Ref. GO Bonds |
5.00% | 09/15/2025 | 195 | 196,098 | ||||||||||||
| Connecticut (State of), Series 2022 G, Ref. GO Bonds |
5.00% | 11/15/2025 | 160 | 161,465 | ||||||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2015 A, RB |
5.00% | 08/01/2027 | 75 | 75,212 | ||||||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2015 A, RB |
5.00% | 08/01/2028 | 300 | 300,735 | ||||||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2015 A, RB |
5.00% | 08/01/2029 | 85 | 85,178 | ||||||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2015 A, RB |
5.00% | 08/01/2031 | 480 | 480,807 | ||||||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2015 A, RB |
5.00% | 08/01/2033 | 95 | 95,123 | ||||||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2015 A, RB |
5.00% | 08/01/2034 | 240 | 240,282 | ||||||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2015 A, RB |
5.00% | 08/01/2035 | 40 | 40,039 | ||||||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2016 A, RB |
5.00% | 09/01/2025 | 30 | 30,152 | ||||||||||||
| Connecticut (State of) Health & Educational Facilities Authority (Yale University), Series 2018 A, Ref. RB |
5.00% | 07/01/2025 | 250 | 250,377 | ||||||||||||
|
|
|
|||||||||||||||
| 4,329,913 | ||||||||||||||||
|
|
|
|||||||||||||||
| District of Columbia-0.40% |
||||||||||||||||
| District of Columbia, Series 2014 A, Ref. RB |
5.00% | 12/01/2025 | 75 | 75,782 | ||||||||||||
| District of Columbia, Series 2015 A, GO Bonds(a)(b) |
5.00% | 06/01/2025 | 5 | 5,000 | ||||||||||||
| District of Columbia, Series 2015 A, GO Bonds |
5.00% | 06/01/2025 | 45 | 45,000 | ||||||||||||
| District of Columbia, Series 2015 A, GO Bonds(a)(b) |
5.00% | 06/03/2025 | 50 | 50,034 | ||||||||||||
| District of Columbia, Series 2016 E, Ref. GO Bonds |
5.00% | 06/01/2025 | 35 | 35,000 | ||||||||||||
| District of Columbia, Series 2017 D, GO Bonds |
5.00% | 06/01/2025 | 5 | 5,000 | ||||||||||||
| District of Columbia, Series 2018 B, Ref. GO Bonds |
5.00% | 06/01/2025 | 275 | 275,000 | ||||||||||||
| District of Columbia, Series 2019 A, GO Bonds |
5.00% | 10/15/2025 | 50 | 50,378 | ||||||||||||
| District of Columbia, Series 2019 C, Ref. RB |
5.00% | 10/01/2025 | 40 | 40,270 | ||||||||||||
| District of Columbia, Series 2020 B, Ref. RB |
5.00% | 10/01/2025 | 185 | 186,249 | ||||||||||||
| District of Columbia, Series 2022 C, Ref. RB |
5.00% | 12/01/2025 | 30 | 30,313 | ||||||||||||
| District of Columbia, Series 2023 B, Ref. GO Bonds |
5.00% | 06/01/2025 | 100 | 100,000 | ||||||||||||
| District of Columbia, Series 2024 C, Ref. GO Bonds |
5.00% | 12/01/2025 | 5 | 5,052 | ||||||||||||
| Washington Metropolitan Area Transit Authority (Green Bonds), Series 2021 A, RB |
5.00% | 07/15/2025 | 40 | 40,077 | ||||||||||||
|
|
|
|||||||||||||||
| 943,155 | ||||||||||||||||
|
|
|
|||||||||||||||
| Florida-3.80% |
||||||||||||||||
| Broward (County of), FL School Board, Series 2015 A, Ref. COP |
5.00% | 07/01/2025 | 85 | 85,113 | ||||||||||||
| Broward (County of), FL School Board, Series 2015 A, Ref. COP(a)(b) |
5.00% | 07/09/2025 | 90 | 90,167 | ||||||||||||
| Broward (County of), FL School Board, Series 2015 A, Ref. COP(a)(b) |
5.00% | 07/09/2025 | 30 | 30,056 | ||||||||||||
| Broward (County of), FL School Board, Series 2015 B, Ref. COP(a)(b) |
5.00% | 07/09/2025 | 165 | 165,306 | ||||||||||||
| Broward (County of), FL School Board, Series 2015 B, Ref. COP(a)(b) |
5.00% | 07/09/2025 | 125 | 125,231 | ||||||||||||
| Central Florida Expressway Authority, Series 2016 B, Ref. RB |
5.00% | 07/01/2025 | 85 | 85,123 | ||||||||||||
| Duval County (County of), FL School Board, Series 2022 A, COP, (INS - AGI)(c) |
5.00% | 07/01/2025 | 15 | 15,020 | ||||||||||||
| Florida (State of), Series 2016 A, Ref. RB |
5.00% | 07/01/2025 | 45 | 45,071 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2025 Municipal Bond ETF (BSMP)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Florida-(continued) |
||||||||||||||||
| Florida (State of), Series 2016 B, Ref. RB |
5.00% | 07/01/2025 | $ | 65 | $ | 65,102 | ||||||||||
| Florida (State of), Series 2017 A, Ref. RB |
5.00% | 07/01/2025 | 545 | 545,857 | ||||||||||||
| Florida (State of) (Capital Outlay), Series 2015 E, Ref. GO Bonds(a)(b) |
4.00% | 06/01/2025 | 135 | 135,000 | ||||||||||||
| Florida (State of) (Department of Transportation), Series 2015 A, Ref. GO Bonds |
5.00% | 07/01/2025 | 100 | 100,152 | ||||||||||||
| Florida (State of) Department of Environmental Protection (FL Forever), Series 2014, Ref. RB |
5.00% | 07/01/2025 | 500 | 500,489 | ||||||||||||
| Florida (State of) Department of Environmental Protection (FL Forever), Series 2016 A, Ref. RB |
5.00% | 07/01/2025 | 65 | 65,100 | ||||||||||||
| Florida (State of) Department of Transportation, Series 2022 A, Ref. RB |
5.00% | 07/01/2025 | 205 | 205,314 | ||||||||||||
| Florida (State of) Department of Transportation, Series 2023 A, Ref. RB |
5.00% | 07/01/2025 | 5 | 5,008 | ||||||||||||
| Florida (State of) Municipal Power Agency, Series 2017 A, Ref. RB |
5.00% | 10/01/2025 | 190 | 191,169 | ||||||||||||
| Florida Keys Aqueduct Authority, Series 2019 A, RB |
5.00% | 09/01/2049 | 975 | 963,924 | ||||||||||||
| Florida Keys Aqueduct Authority, Series 2021 B, RB(a) |
5.00% | 09/01/2025 | 100 | 100,471 | ||||||||||||
| FSU Financial Assistance, Inc., Series 2015 A, RB |
4.13% | 10/01/2040 | 50 | 47,768 | ||||||||||||
| FSU Financial Assistance, Inc., Series 2015 A, RB |
4.25% | 10/01/2045 | 130 | 119,154 | ||||||||||||
| Gainesville (City of), FL, Series 2012 B, Ref. VRD RB(d) |
1.40% | 10/01/2042 | 795 | 795,000 | ||||||||||||
| Gainesville (City of), FL, Series 2017 A, RB(a) |
5.00% | 10/01/2025 | 10 | 10,061 | ||||||||||||
| Gainesville (City of), FL, Series 2017 A, RB |
5.00% | 10/01/2025 | 40 | 40,246 | ||||||||||||
| Hillsborough (County of), FL, Series 2015, RB |
3.75% | 10/01/2045 | 200 | 167,954 | ||||||||||||
| Hillsborough (County of), FL, Series 2015, Ref. RB |
5.00% | 11/01/2025 | 130 | 131,070 | ||||||||||||
| Hillsborough County Industrial Development Authority, Series 2024, VRD Ref. RB(d) |
1.25% | 11/15/2054 | 1,000 | 1,000,000 | ||||||||||||
| Jacksonville (City of), FL, Series 2015, Ref. RB |
5.00% | 10/01/2027 | 115 | 115,725 | ||||||||||||
| Jacksonville (City of), FL, Series 2015, Ref. RB |
5.00% | 10/01/2029 | 30 | 30,187 | ||||||||||||
| JEA Water & Sewer System, Series 2017 A, Ref. RB |
5.00% | 10/01/2025 | 135 | 135,907 | ||||||||||||
| Lake (County of), FL School Board, Series 2015 B, Ref. COP(a)(b) |
5.00% | 06/24/2025 | 100 | 100,110 | ||||||||||||
| Lee (County of), FL, Series 2015, Ref. RB |
5.00% | 10/01/2033 | 45 | 45,069 | ||||||||||||
| Miami Beach (City of), FL, Series 2015, RB |
5.00% | 09/01/2045 | 210 | 210,234 | ||||||||||||
| Miami Beach (City of), FL Health Facilities Authority (Mt. Sinai Medical Center), Series 2014, Ref. RB |
5.00% | 11/15/2039 | 15 | 14,999 | ||||||||||||
| Miami-Dade (County of), FL, Series 2015, Ref. RB |
5.00% | 10/01/2025 | 505 | 508,325 | ||||||||||||
| Miami-Dade (County of), FL, Series 2017 B, Ref. RB |
5.00% | 10/01/2032 | 20 | 20,119 | ||||||||||||
| Miami-Dade (County of), FL (Jackson Health System), Series 2015 A, Ref. RB(a)(b) |
4.00% | 06/01/2025 | 45 | 45,000 | ||||||||||||
| Mid-Bay Bridge Authority, Series 2015 A, Ref. RB |
5.00% | 10/01/2035 | 35 | 35,001 | ||||||||||||
| Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group), Series 2019, Ref. RB |
5.00% | 10/01/2025 | 35 | 35,212 | ||||||||||||
| Orange (County of), FL School Board, Series 2015 C, Ref. COP(a)(b) |
5.00% | 08/01/2025 | 40 | 40,126 | ||||||||||||
| Orange (County of), FL School Board, Series 2015 C, Ref. COP(a)(b) |
5.00% | 08/01/2025 | 35 | 35,111 | ||||||||||||
| Orange (County of), FL School Board, Series 2015 C, Ref. COP(a)(b) |
5.00% | 08/01/2025 | 5 | 5,016 | ||||||||||||
| Orlando (City of), FL Utilities Commission, Series 2012 A, Ref. RB |
5.00% | 10/01/2025 | 60 | 60,385 | ||||||||||||
| Orlando (City of), FL Utilities Commission, Series 2013 A, Ref. RB |
5.00% | 10/01/2025 | 280 | 281,797 | ||||||||||||
| Palm Beach (County of), FL, Series 2015 D, RB(a)(b) |
5.00% | 12/01/2025 | 15 | 15,152 | ||||||||||||
| Palm Beach (County of), FL Solid Waste Authority, Series 2015, Ref. RB |
5.00% | 10/01/2028 | 100 | 100,139 | ||||||||||||
| Palm Beach County School District, Series 2014 B, COP |
5.00% | 08/01/2025 | 25 | 25,072 | ||||||||||||
| Palm Beach County School District, Series 2015 C, Ref. COP(a)(b) |
5.00% | 08/01/2025 | 25 | 25,075 | ||||||||||||
| Palm Beach County School District, Series 2015 C, Ref. COP(a)(b) |
5.00% | 08/01/2025 | 120 | 120,359 | ||||||||||||
| Palm Beach County School District, Series 2015 D, Ref. COP(a)(b) |
5.00% | 08/01/2025 | 305 | 305,913 | ||||||||||||
| Palm Beach County School District, Series 2015 D, Ref. COP(a)(b) |
5.00% | 08/01/2025 | 60 | 60,180 | ||||||||||||
| Palm Beach County School District, Series 2015 D, Ref. COP(a)(b) |
5.00% | 08/01/2025 | 50 | 50,150 | ||||||||||||
| Palm Beach County School District, Series 2017 A, Ref. COP |
5.00% | 08/01/2025 | 20 | 20,058 | ||||||||||||
| South Florida Water Management District, Series 2016, Ref. COP |
5.00% | 10/01/2025 | 45 | 45,283 | ||||||||||||
| Tampa Bay (City of), FL Water, Series 2015 A, Ref. RB |
4.00% | 10/01/2028 | 25 | 25,037 | ||||||||||||
| Tampa Bay (City of), FL Water, Series 2015 A, Ref. RB |
4.00% | 10/01/2030 | 20 | 20,022 | ||||||||||||
| Tampa Bay (City of), FL Water, Series 2016 C, Ref. RB |
5.00% | 10/01/2025 | 65 | 65,437 | ||||||||||||
| Village Community Development District No. 7, Series 2015, Ref. RB |
4.00% | 05/01/2036 | 5 | 4,771 | ||||||||||||
| West Palm Beach (City of), FL, Series 2008 C, VRD RB, (INS - AGI)(c)(d) |
2.10% | 10/01/2038 | 590 | 590,000 | ||||||||||||
|
|
|
|||||||||||||||
| 9,020,897 | ||||||||||||||||
|
|
|
|||||||||||||||
| Georgia-3.15% |
||||||||||||||||
| Atlanta (City of), GA, Series 2015, Ref. RB |
5.00% | 11/01/2025 | 35 | 35,054 | ||||||||||||
| Atlanta (City of), GA, Series 2015, Ref. RB |
5.00% | 11/01/2028 | 700 | 702,228 | ||||||||||||
| Atlanta (City of), GA, Series 2015, Ref. RB |
5.00% | 11/01/2030 | 110 | 110,348 | ||||||||||||
| Atlanta (City of), GA, Series 2015, Ref. RB |
5.00% | 11/01/2031 | 20 | 20,063 | ||||||||||||
| Atlanta (City of), GA, Series 2015, Ref. RB |
5.00% | 11/01/2032 | 190 | 190,598 | ||||||||||||
| Atlanta (City of), GA, Series 2015, Ref. RB |
5.00% | 11/01/2040 | 1,025 | 1,028,132 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2025 Municipal Bond ETF (BSMP)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Georgia-(continued) |
||||||||||||||||
| Atlanta Development Authority (The), Series 2015 A-1, RB |
5.25% | 07/01/2044 | $ | 350 | $ | 350,013 | ||||||||||
| DeKalb (County of), GA, Series 2006 B, Ref. RB |
5.25% | 10/01/2025 | 100 | 100,743 | ||||||||||||
| Forsyth (County of), GA, Series 2019, GO Bonds |
5.00% | 09/01/2025 | 60 | 60,297 | ||||||||||||
| Georgia (State of), Series 2014 A-2, GO Bonds |
4.00% | 02/01/2026 | 10 | 10,007 | ||||||||||||
| Georgia (State of), Series 2014 A-2, GO Bonds |
5.00% | 02/01/2027 | 20 | 20,034 | ||||||||||||
| Georgia (State of), Series 2015 A, GO Bonds |
4.00% | 02/01/2033 | 5 | 5,002 | ||||||||||||
| Georgia (State of), Series 2015 A, GO Bonds |
3.50% | 02/01/2035 | 100 | 98,143 | ||||||||||||
| Georgia (State of), Series 2016 C-1, Ref. GO Bonds |
4.00% | 07/01/2025 | 615 | 615,404 | ||||||||||||
| Georgia (State of), Series 2016 E, Ref. GO Bonds |
5.00% | 12/01/2025 | 440 | 444,565 | ||||||||||||
| Georgia (State of), Series 2018 A, GO Bonds |
5.00% | 07/01/2025 | 50 | 50,073 | ||||||||||||
| Georgia (State of), Series 2020 A, GO Bonds |
5.00% | 08/01/2025 | 125 | 125,405 | ||||||||||||
| Georgia (State of) (Bid Group 1), Series 2023 A, GO Bonds |
5.00% | 07/01/2025 | 100 | 100,145 | ||||||||||||
| Georgia (State of) (Bidding Group 3), Series 2022 C, Ref. GO Bonds |
4.00% | 07/01/2025 | 600 | 600,394 | ||||||||||||
| Georgia (State of) (Tranche 2), Series 2015 A, GO Bonds |
5.00% | 02/01/2027 | 370 | 370,549 | ||||||||||||
| Georgia (State of) Higher Education Facilities Authority (USG Real Estate Foundation I, LLC), Series 2015, RB |
4.13% | 06/15/2040 | 50 | 48,280 | ||||||||||||
| Georgia (State of) Municipal Electric Authority (Plant Vogtle Units 3 & 4), Series 2015 A, RB |
5.50% | 07/01/2060 | 100 | 100,013 | ||||||||||||
| Georgia (State of) Road & Tollway Authority (Garvee), Series 2020, RB |
5.00% | 06/01/2025 | 50 | 50,000 | ||||||||||||
| Glynn (County of) & Brunswick (City of), GA Memorial Hospital Authority (Southeast Georgia Health System), Series 2015, Ref. RAC |
5.00% | 08/01/2034 | 75 | 75,043 | ||||||||||||
| Gwinnett (County of), GA Water & Sewerage Authority, Series 2021, Ref. RB |
4.00% | 08/01/2025 | 500 | 500,947 | ||||||||||||
| Gwinnett County School District, Series 2015, Ref. GO Bonds(a)(b) |
4.00% | 08/01/2025 | 120 | 120,176 | ||||||||||||
| Gwinnett County School District, Series 2015, Ref. GO Bonds(a)(b) |
5.00% | 08/01/2025 | 55 | 55,169 | ||||||||||||
| Gwinnett County School District, Series 2015, Ref. GO Bonds(a)(b) |
5.00% | 08/01/2025 | 480 | 481,477 | ||||||||||||
| Gwinnett County School District, Series 2022 B, GO Bonds |
5.00% | 08/01/2025 | 90 | 90,314 | ||||||||||||
| Metropolitan Atlanta Rapid Transit Authority, Series 2018 A, Ref. RB |
4.00% | 07/01/2025 | 300 | 300,187 | ||||||||||||
| Muscogee County School District, Series 2021, GO Bonds |
5.00% | 10/01/2025 | 65 | 65,454 | ||||||||||||
| Private Colleges & Universities Authority (Emory University), Series 2020 B, Ref. RB |
5.00% | 09/01/2025 | 170 | 170,711 | ||||||||||||
| Private Colleges & Universities Authority (Mercer University), Series 2015, RB |
5.00% | 10/01/2045 | 300 | 288,503 | ||||||||||||
| Richmond (County of), GA Board of Education, Series 2023, GO Bonds |
5.00% | 10/01/2025 | 100 | 100,662 | ||||||||||||
|
|
|
|||||||||||||||
| 7,484,133 | ||||||||||||||||
|
|
|
|||||||||||||||
| Hawaii-1.07% |
||||||||||||||||
| Hawaii (State of), Series 2015 EY, Ref. GO Bonds |
5.00% | 10/01/2025 | 110 | 110,732 | ||||||||||||
| Hawaii (State of), Series 2015 EZ, Ref. GO Bonds(a)(b) |
5.00% | 10/01/2025 | 175 | 176,146 | ||||||||||||
| Hawaii (State of), Series 2015 EZ, Ref. GO Bonds |
5.00% | 10/01/2025 | 270 | 271,796 | ||||||||||||
| Hawaii (State of), Series 2016 FE, Ref. GO Bonds |
5.00% | 10/01/2025 | 205 | 206,363 | ||||||||||||
| Hawaii (State of), Series 2016 FG, GO Bonds |
5.00% | 10/01/2025 | 55 | 55,366 | ||||||||||||
| Hawaii (State of), Series 2016 FH, Ref. GO Bonds |
5.00% | 10/01/2025 | 80 | 80,532 | ||||||||||||
| Hawaii (State of), Series 2017 FN, Ref. GO Bonds |
5.00% | 10/01/2025 | 50 | 50,333 | ||||||||||||
| Hawaii (State of) Department of Budget & Finance (Queens Health System), Series 2015 A, Ref. RB |
5.00% | 07/01/2035 | 100 | 100,001 | ||||||||||||
| Honolulu (City & County of), HI, Series 2015 A, GO Bonds |
5.00% | 10/01/2028 | 25 | 25,133 | ||||||||||||
| Honolulu (City & County of), HI, Series 2015 A, GO Bonds |
5.00% | 10/01/2029 | 30 | 30,159 | ||||||||||||
| Honolulu (City & County of), HI, Series 2015 A, GO Bonds |
5.00% | 10/01/2038 | 50 | 49,995 | ||||||||||||
| Honolulu (City & County of), HI, Series 2015 B, Ref. GO Bonds |
5.00% | 10/01/2027 | 250 | 251,327 | ||||||||||||
| Honolulu (City & County of), HI, Series 2015 B, Ref. GO Bonds |
5.00% | 10/01/2028 | 195 | 196,035 | ||||||||||||
| Honolulu (City & County of), HI, Series 2015 B, Ref. GO Bonds |
5.00% | 10/01/2029 | 110 | 110,584 | ||||||||||||
| Honolulu (City & County of), HI, Series 2015 B, Ref. GO Bonds |
5.00% | 10/01/2030 | 75 | 75,334 | ||||||||||||
| Honolulu (City & County of), HI, Series 2015 B, Ref. RB(a)(b) |
5.00% | 07/01/2025 | 15 | 15,023 | ||||||||||||
| Honolulu (City & County of), HI, Series 2015 B, Ref. RB(a)(b) |
5.00% | 07/01/2025 | 10 | 10,015 | ||||||||||||
| Honolulu (City & County of), HI, Series 2015 C, Ref. GO Bonds |
5.00% | 10/01/2027 | 400 | 402,124 | ||||||||||||
| Honolulu (City & County of), HI, Series 2015 C, Ref. GO Bonds |
5.00% | 10/01/2029 | 75 | 75,398 | ||||||||||||
| Honolulu (City & County of), HI, Series 2015 C, Ref. GO Bonds |
4.00% | 10/01/2032 | 50 | 50,052 | ||||||||||||
| Honolulu (City & County of), HI, Series 2015, Ref. RB(a)(b) |
4.00% | 07/01/2025 | 65 | 65,048 | ||||||||||||
| Honolulu (City & County of), HI, Series 2015, Ref. RB(a)(b) |
4.00% | 07/01/2025 | 100 | 100,074 | ||||||||||||
| Honolulu (City & County of), HI, Series 2015, Ref. RB(a) |
5.00% | 07/01/2025 | 35 | 35,054 | ||||||||||||
| Honolulu (City & County of), HI (Green Bonds), Series 2015 A, RB(a)(b) |
5.00% | 07/01/2025 | 5 | 5,008 | ||||||||||||
|
|
|
|||||||||||||||
| 2,547,632 | ||||||||||||||||
|
|
|
|||||||||||||||
| Idaho-0.00% |
||||||||||||||||
| Idaho (State of) Housing & Finance Association, Series 2015, Ref. RB |
5.00% | 07/15/2025 | 10 | 10,021 | ||||||||||||
|
|
|
|||||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2025 Municipal Bond ETF (BSMP)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Illinois-4.14% |
||||||||||||||||
| Chicago (City of), IL, Series 2004, Ref. RB |
5.00% | 11/01/2025 | $ | 400 | $ | 402,748 | ||||||||||
| Chicago (City of), IL Metropolitan Water Reclamation District, Series 2016 A, Ref. GO Bonds |
5.00% | 12/01/2025 | 1,020 | 1,030,379 | ||||||||||||
| Cook (County of), IL, Series 2021 A, Ref. GO Bonds |
5.00% | 11/15/2025 | 100 | 100,789 | ||||||||||||
| Cook (County of), IL, Series 2021 B, Ref. GO Bonds |
4.00% | 11/15/2025 | 100 | 100,344 | ||||||||||||
| Cook (County of), IL, Series 2022 A, Ref. GO Bonds |
5.00% | 11/15/2025 | 85 | 85,671 | ||||||||||||
| Du Page & Will Counties Community School District No. 204 Indian Prairie, Series 2017, Ref. GO Bonds |
4.00% | 12/30/2025 | 115 | 115,522 | ||||||||||||
| Illinois (State of), Series 2017 A, GO Bonds |
5.00% | 12/01/2025 | 1,665 | 1,679,617 | ||||||||||||
| Illinois (State of), Series 2017 D, GO Bonds |
5.00% | 11/01/2025 | 390 | 392,901 | ||||||||||||
| Illinois (State of), Series 2020 B, GO Bonds |
5.00% | 10/01/2025 | 55 | 55,314 | ||||||||||||
| Illinois (State of), Series 2020 D, GO Bonds |
5.00% | 10/01/2025 | 55 | 55,314 | ||||||||||||
| Illinois (State of), Series 2021 A, GO Bonds |
5.00% | 12/01/2025 | 85 | 85,738 | ||||||||||||
| Illinois (State of) Finance Authority (Northshore Edward Elmhurst Health Credit Group), Series 2017, Ref. RB |
5.00% | 07/15/2025 | 10 | 10,020 | ||||||||||||
| Illinois (State of) Finance Authority (OSF Healthcare System), Series 2015 A, Ref. RB |
5.00% | 11/15/2035 | 960 | 960,488 | ||||||||||||
| Illinois (State of) Finance Authority (OSF Healthcare System), Series 2015 A, Ref. RB |
4.13% | 11/15/2037 | 50 | 46,884 | ||||||||||||
| Illinois (State of) Finance Authority (OSF Healthcare System), Series 2015 A, Ref. RB |
5.00% | 11/15/2045 | 140 | 135,715 | ||||||||||||
| Illinois (State of) Finance Authority (Rush University Medical Center Obligated Group), Series 2015 A, Ref. RB |
5.00% | 11/15/2027 | 5 | 5,004 | ||||||||||||
| Illinois (State of) Finance Authority (Rush University Medical Center Obligated Group), Series 2015 A, Ref. RB |
5.00% | 11/15/2033 | 70 | 70,001 | ||||||||||||
| Illinois (State of) Finance Authority (Rush University Medical Center), Series 2015 A, Ref. RB |
5.00% | 11/15/2025 | 15 | 15,011 | ||||||||||||
| Illinois (State of) Finance Authority (Rush University Medical Center), Series 2015 A, Ref. RB |
5.00% | 11/15/2028 | 20 | 20,013 | ||||||||||||
| Illinois (State of) Finance Authority (Rush University Medical Center), Series 2015 A, Ref. RB |
5.00% | 11/15/2030 | 75 | 75,031 | ||||||||||||
| Illinois (State of) Finance Authority (Rush University Medical Center), Series 2015 A, Ref. RB |
5.00% | 11/15/2038 | 85 | 84,151 | ||||||||||||
| Illinois (State of) Finance Authority (Silver Cross Hospital & Medical), Series 2015, Ref. RB(a)(b) |
5.00% | 08/15/2025 | 230 | 230,854 | ||||||||||||
| Illinois (State of) Finance Authority (The University of Chicago), Series 2021 A, Ref. RB |
5.00% | 10/01/2025 | 120 | 120,726 | ||||||||||||
| Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion), Series 2015 A, RB |
5.00% | 06/15/2053 | 250 | 237,697 | ||||||||||||
| Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion), Series 2015, Ref. RB |
5.00% | 06/15/2052 | 500 | 476,590 | ||||||||||||
| Illinois (State of) Municipal Electric Agency, Series 2015 A, Ref. RB |
5.00% | 02/01/2027 | 35 | 35,071 | ||||||||||||
| Illinois (State of) Municipal Electric Agency, Series 2015 A, Ref. RB |
5.00% | 02/01/2029 | 20 | 20,035 | ||||||||||||
| Illinois (State of) Municipal Electric Agency, Series 2015 A, Ref. RB |
5.00% | 02/01/2030 | 80 | 80,130 | ||||||||||||
| Illinois (State of) Regional Transportation Authority, Series 2017 A, Ref. RB |
5.00% | 07/01/2025 | 100 | 100,137 | ||||||||||||
| Illinois (State of) Toll Highway Authority, Series 2014 C, RB |
5.00% | 01/01/2036 | 1,000 | 1,000,136 | ||||||||||||
| Illinois (State of) Toll Highway Authority, Series 2014 C, RB |
5.00% | 01/01/2038 | 510 | 510,004 | ||||||||||||
| Illinois (State of) Toll Highway Authority, Series 2014 C, RB |
5.00% | 01/01/2039 | 10 | 9,999 | ||||||||||||
| Illinois (State of) Toll Highway Authority, Series 2015 A, RB |
5.00% | 01/01/2036 | 1,000 | 1,000,141 | ||||||||||||
| Illinois (State of) Toll Highway Authority, Series 2015 A, RB |
5.00% | 01/01/2037 | 15 | 15,001 | ||||||||||||
| Illinois (State of) Toll Highway Authority, Series 2015 A, RB |
5.00% | 01/01/2040 | 270 | 269,025 | ||||||||||||
| Will (County of), IL, Series 2016, GO Bonds(a)(b) |
5.00% | 11/15/2025 | 5 | 5,046 | ||||||||||||
| Will (County of), IL, Series 2016, GO Bonds(a)(b) |
5.00% | 11/15/2025 | 15 | 15,137 | ||||||||||||
| Winnebago & Boone Counties School District No. 205 Rockford, Series 2015 B, GO Bonds |
4.00% | 02/01/2035 | 180 | 179,798 | ||||||||||||
|
|
|
|||||||||||||||
| 9,832,182 | ||||||||||||||||
|
|
|
|||||||||||||||
| Indiana-1.17% |
||||||||||||||||
| Indiana (State of) Finance Authority, Series 2016 C, Ref. RB |
5.00% | 12/01/2025 | 10 | 10,095 | ||||||||||||
| Indiana (State of) Finance Authority (CWA Authority), Series 2021, Ref. RB |
5.00% | 10/01/2025 | 1,500 | 1,509,478 | ||||||||||||
| Indiana (State of) Finance Authority (Indiana University Health Obligated Group), Series 2016 A, Ref. RB |
5.00% | 12/01/2025 | 80 | 80,692 | ||||||||||||
| Indiana (State of) Finance Authority (Parkview Health System), Series 2009, VRD Ref.RB, (LOC - Sumitomo Mitsui Banking)(d)(e) |
2.00% | 11/01/2039 | 1,025 | 1,025,000 | ||||||||||||
| Indiana (State of) Health Facility Financing Authority (Ascension Health Credit Group), Series 2001, RB |
5.00% | 11/15/2036 | 5 | 5,014 | ||||||||||||
| Indianapolis (City of), IN Department of Public Utilities, Series 2018 A, Ref. RB |
5.00% | 10/01/2025 | 45 | 45,290 | ||||||||||||
| Richmond (City of), VA Hospital Authority, Series 2015 A, Ref. RB |
5.00% | 01/01/2035 | 85 | 85,031 | ||||||||||||
| Rockport (City of), IN (Indiana Michigan Power Co.), Series 2002, Ref. RB(a) |
2.75% | 06/01/2025 | 20 | 20,000 | ||||||||||||
|
|
|
|||||||||||||||
| 2,780,600 | ||||||||||||||||
|
|
|
|||||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2025 Municipal Bond ETF (BSMP)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Iowa-0.23% |
||||||||||||||||
| Iowa (State of), Series 2016 A, Ref. RB |
5.00% | 06/01/2025 | $ | 95 | $ | 95,000 | ||||||||||
| Iowa (State of) Finance Authority (Green Bonds), Series 2015, Ref. RB |
5.00% | 08/01/2025 | 100 | 100,327 | ||||||||||||
| Iowa (State of) Finance Authority (Green Bonds), Series 2017, Ref. RB |
5.00% | 08/01/2025 | 40 | 40,131 | ||||||||||||
| Iowa (State of) Finance Authority (Unitypoint Health), Series 2018, VRD Ref. RB, (LOC -
JPMorgan Chase Bank, |
0.01% | 02/15/2041 | 100 | 100,000 | ||||||||||||
| University of Iowa (The), Series 2023, RB |
3.50% | 07/01/2026 | 200 | 200,052 | ||||||||||||
|
|
|
|||||||||||||||
| 535,510 | ||||||||||||||||
|
|
|
|||||||||||||||
| Kansas-0.76% |
||||||||||||||||
| Johnson (County of), KS Public Building Commission (Courthouse & Medical Examiners), Series 2018 A, RB |
5.00% | 09/01/2025 | 25 | 25,115 | ||||||||||||
| Johnson (County of), KS Unified School District No. 233 (Olathe), Series 2016 B, Ref. GO Bonds |
5.00% | 09/01/2025 | 50 | 50,239 | ||||||||||||
| Kansas (State of) Department of Transportation, Series 2015, RB(a)(b) |
5.00% | 09/01/2025 | 305 | 306,398 | ||||||||||||
| Kansas (State of) Department of Transportation, Series 2015, RB(a)(b) |
5.00% | 09/01/2025 | 55 | 55,252 | ||||||||||||
| Kansas (State of) Department of Transportation, Series 2015, RB(a)(b) |
5.00% | 09/01/2025 | 145 | 145,664 | ||||||||||||
| Kansas (State of) Department of Transportation, Series 2015, RB |
5.00% | 09/01/2025 | 85 | 85,394 | ||||||||||||
| Kansas (State of) Department of Transportation, Series 2015, RB(a)(b) |
5.00% | 09/01/2025 | 25 | 25,115 | ||||||||||||
| Kansas (State of) Department of Transportation, Series 2015, RB(a)(b) |
5.00% | 09/01/2025 | 1,000 | 1,004,583 | ||||||||||||
| Sedgwick County Unified School District No. 259 Wichita, Series 2017 A, Ref. GO Bonds |
4.00% | 10/01/2025 | 20 | 20,063 | ||||||||||||
| University of Kansas Hospital Authority (KU Health System), Series 2015, Ref. RB |
5.00% | 09/01/2045 | 50 | 49,768 | ||||||||||||
| Wyandotte (County of) & Kansas City (City of), KS Unified Government, Series 2016 A, RB |
5.00% | 09/01/2040 | 45 | 45,068 | ||||||||||||
|
|
|
|||||||||||||||
| 1,812,659 | ||||||||||||||||
|
|
|
|||||||||||||||
| Kentucky-0.65% |
||||||||||||||||
| Fayette County School District Finance Corp., Series 2015 D, RB (CEP - Colorado Higher Education Intercept Program) |
5.00% | 08/01/2031 | 125 | 125,294 | ||||||||||||
| Fayette County School District Finance Corp., Series 2015 D, RB (CEP - Colorado Higher Education Intercept Program) |
4.00% | 08/01/2033 | 50 | 50,007 | ||||||||||||
| Kentucky (Commonwealth of) Asset Liability Commission, Series 2021 A, Ref. RN |
5.00% | 11/01/2025 | 400 | 403,326 | ||||||||||||
| Kentucky (Commonwealth of) Municipal Power Agency, Series 2015 A, Ref. RB, (INS - NATL)(c) |
4.00% | 09/01/2039 | 230 | 213,144 | ||||||||||||
| Kentucky (Commonwealth of) Property & Building Commission (No. 108), Series 2015 B, Ref. RB |
5.00% | 08/01/2025 | 90 | 90,240 | ||||||||||||
| Kentucky (Commonwealth of) Property & Building Commission (No. 112), Series 2016 B, Ref. RB |
5.00% | 11/01/2025 | 240 | 241,698 | ||||||||||||
| Kentucky (Commonwealth of) Property & Building Commission (No. 124), Series 2020 A, RB, (INS - AGI)(c) |
5.00% | 11/01/2025 | 5 | 5,040 | ||||||||||||
| Kentucky (Commonwealth of) Property & Building Commission (No. 130), Series 2024 B, Ref. RB |
5.00% | 11/01/2025 | 35 | 35,248 | ||||||||||||
| Kentucky (Commonwealth of) Turnpike Authority, Series 2016 A, Ref. RB |
5.00% | 07/01/2025 | 20 | 20,028 | ||||||||||||
| Kentucky (Commonwealth of) Turnpike Authority (Revitalization), Series 2017 B, Ref. RB |
5.00% | 07/01/2025 | 290 | 290,406 | ||||||||||||
| Louisville (City of) & Jefferson (County of), KY Sewer District, Series 2016 A, RB |
3.00% | 05/15/2047 | 110 | 78,274 | ||||||||||||
|
|
|
|||||||||||||||
| 1,552,705 | ||||||||||||||||
|
|
|
|||||||||||||||
| Louisiana-0.13% |
||||||||||||||||
| Louisiana (State of), Series 2024 B, Ref. GO Bonds |
5.00% | 08/01/2025 | 110 | 110,371 | ||||||||||||
| Louisiana (State of) Public Facilities Authority (Ochsner Clinic Foundation), Series 2015, Ref. RB |
4.25% | 05/15/2040 | 70 | 66,776 | ||||||||||||
| New Orleans (City of), LA, Series 2015, RB(a)(b) |
5.00% | 06/01/2025 | 25 | 25,000 | ||||||||||||
| New Orleans (City of), LA, Series 2015, RB(a)(b) |
5.00% | 06/01/2025 | 40 | 40,000 | ||||||||||||
| New Orleans (City of), LA, Series 2015, RB(a)(b) |
5.00% | 12/01/2025 | 25 | 25,241 | ||||||||||||
| New Orleans (City of), LA, Series 2015, RB(a)(b) |
5.00% | 12/01/2025 | 50 | 50,481 | ||||||||||||
|
|
|
|||||||||||||||
| 317,869 | ||||||||||||||||
|
|
|
|||||||||||||||
| Maine-0.06% |
||||||||||||||||
| Maine (State of) Municipal Bond Bank (Transcap), Series 2021 A, Ref. RB(a) |
5.00% | 09/01/2025 | 145 | 145,664 | ||||||||||||
|
|
|
|||||||||||||||
| Maryland-2.20% |
||||||||||||||||
| Maryland (State of), First Series 2016, GO Bonds |
4.00% | 06/01/2025 | 400 | 400,000 | ||||||||||||
| Maryland (State of), Series 2015 A, GO Bonds |
2.75% | 08/01/2025 | 500 | 499,396 | ||||||||||||
| Maryland (State of), Series 2017 A, GO Bonds |
5.00% | 08/01/2025 | 100 | 100,319 | ||||||||||||
| Maryland (State of), Series 2017 B, Ref. GO Bonds |
5.00% | 08/01/2025 | 1,175 | 1,178,753 | ||||||||||||
| Maryland (State of), Series 2018 B, GO Bonds |
5.00% | 08/01/2025 | 105 | 105,335 | ||||||||||||
| Maryland (State of) (Bidding Group 1), Series 2019 A, GO Bonds |
5.00% | 08/01/2025 | 120 | 120,383 | ||||||||||||
| Maryland (State of) Department of Transportation, Series 2017, RB |
5.00% | 09/01/2025 | 70 | 70,356 | ||||||||||||
| Maryland (State of) Department of Transportation, Series 2017, RB |
4.00% | 05/01/2029 | 10 | 10,003 | ||||||||||||
| Maryland (State of) Department of Transportation, Series 2019, RB |
5.00% | 10/01/2025 | 5 | 5,034 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2025 Municipal Bond ETF (BSMP)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Maryland-(continued) |
||||||||||||||||
| Maryland (State of) Department of Transportation, Series 2021 B, Ref. RB |
5.00% | 12/01/2025 | $ | 420 | $ | 424,461 | ||||||||||
| Maryland (State of) Department of Transportation, Series 2022 B, Ref. RB |
5.00% | 12/01/2025 | 100 | 101,062 | ||||||||||||
| Maryland (State of) Department of Transportation (Second Issue), Series 2018, RB |
5.00% | 10/01/2025 | 560 | 563,855 | ||||||||||||
| Maryland (State of) Health & Higher Educational Facilities Authority (Meritus Medical Center), Series 2015 A, Ref. RB |
5.00% | 07/01/2040 | 100 | 99,995 | ||||||||||||
| Maryland (State of) Health & Higher Educational Facilities Authority (Meritus Medical Center), Series 2015, Ref. RB |
5.00% | 07/01/2045 | 425 | 412,479 | ||||||||||||
| Maryland (State of) Transportation Authority, Series 2021 A, Ref. RB |
5.00% | 07/01/2025 | 100 | 100,156 | ||||||||||||
| Maryland (State of) Transportation Authority, Series 2024, Ref. RB |
5.00% | 07/01/2025 | 95 | 95,148 | ||||||||||||
| Montgomery (County of), MD, Series 2017 C, Ref. GO Bonds |
5.00% | 10/01/2025 | 15 | 15,099 | ||||||||||||
| Montgomery (County of), MD, Series 2021 A, Ref. GO Bonds |
5.00% | 08/01/2025 | 550 | 551,757 | ||||||||||||
| Prince George’s (County of), MD, Series 2017 A, GO Bonds |
5.00% | 09/15/2025 | 125 | 125,754 | ||||||||||||
| Prince George’s (County of), MD, Series 2019 A, GO Bonds |
5.00% | 07/15/2025 | 40 | 40,098 | ||||||||||||
| Prince George’s (County of), MD, Series 2023 A, Ref. GO Bonds |
5.00% | 08/01/2025 | 65 | 65,221 | ||||||||||||
| Washington (State of) Suburban Sanitary Commission, Series 2017, Ref. RB |
4.00% | 06/01/2025 | 140 | 140,000 | ||||||||||||
|
|
|
|||||||||||||||
| 5,224,664 | ||||||||||||||||
|
|
|
|||||||||||||||
| Massachusetts-3.68% |
||||||||||||||||
| Massachusetts (Commonwealth of), Series 2014 C, Ref. GO Bonds |
5.00% | 08/01/2025 | 80 | 80,263 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2015 A, Ref. GO Bonds(a)(b) |
4.50% | 07/01/2025 | 85 | 85,096 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2015 A, Ref. GO Bonds(a)(b) |
5.00% | 07/01/2025 | 175 | 175,268 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2015 A, Ref. GO Bonds(a)(b) |
5.00% | 07/01/2025 | 35 | 35,054 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2015 A, Ref. GO Bonds(a)(b) |
5.00% | 07/01/2025 | 65 | 65,100 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2015 C, GO Bonds |
5.00% | 07/01/2045 | 110 | 109,991 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2015 D, GO Bonds |
4.00% | 09/01/2029 | 5 | 5,004 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2015 E, GO Bonds |
4.00% | 09/01/2037 | 25 | 24,763 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2016 A, Ref. GO Bonds(a) |
5.00% | 07/01/2025 | 45 | 45,072 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2016 B, Ref. GO Bonds |
5.00% | 07/01/2025 | 50 | 50,080 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2016 E, GO Bonds |
4.00% | 04/01/2033 | 145 | 144,020 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2017 C, Ref. GO Bonds |
5.00% | 10/01/2025 | 2,340 | 2,355,952 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2019 E, Ref. GO Bonds |
3.00% | 12/01/2025 | 50 | 49,984 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2020 E, GO Bonds |
5.00% | 11/01/2025 | 250 | 252,162 | ||||||||||||
| Massachusetts (Commonwealth of) (Rail Enhancement Program), Series 2015 A, RB |
5.00% | 06/01/2040 | 845 | 844,954 | ||||||||||||
| Massachusetts (Commonwealth of) Bay Transportation Authority, Series 2015 A, RB(a)(b) |
5.00% | 07/07/2025 | 500 | 500,875 | ||||||||||||
| Massachusetts (Commonwealth of) Bay Transportation Authority, Series 2015 B, Ref. RB(a)(b) |
5.00% | 07/01/2025 | 40 | 40,061 | ||||||||||||
| Massachusetts (Commonwealth of) Bay Transportation Authority, Series 2016 A, Ref. RB |
5.00% | 07/01/2025 | 500 | 500,737 | ||||||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Boston University), Series 2008 U-6C, VRD RB, (LOC - TD Bank, N.A.)(d)(e) |
1.00% | 10/01/2042 | 1,000 | 1,000,000 | ||||||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Harvard University), Series 2020 A, Ref. RB |
5.00% | 10/15/2025 | 205 | 206,321 | ||||||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Partners Healthcare System), Series 2017, Ref. RB |
5.00% | 07/01/2025 | 185 | 185,277 | ||||||||||||
| Massachusetts (Commonwealth of) Port Authority, Series 2015 A, RB |
5.00% | 07/01/2045 | 100 | 99,311 | ||||||||||||
| Massachusetts (Commonwealth of) School Building Authority, Series 2015 C, Ref. RB(a)(b) |
5.00% | 08/15/2025 | 70 | 70,283 | ||||||||||||
| Massachusetts (Commonwealth of) School Building Authority, Series 2015 C, Ref. RB |
5.00% | 08/15/2025 | 500 | 502,019 | ||||||||||||
| Massachusetts (Commonwealth of) School Building Authority, Series 2015 C, Ref. RB |
5.00% | 08/15/2027 | 230 | 230,368 | ||||||||||||
| Massachusetts (Commonwealth of) School Building Authority, Series 2015 C, Ref. RB |
5.00% | 08/15/2029 | 200 | 200,298 | ||||||||||||
| Massachusetts (Commonwealth of) School Building Authority, Series 2015 C, Ref. RB |
4.00% | 08/15/2032 | 65 | 65,004 | ||||||||||||
| Massachusetts (Commonwealth of) School Building Authority, Series 2015 C, Ref. RB |
5.00% | 08/15/2037 | 600 | 599,969 | ||||||||||||
| Massachusetts (Commonwealth of) School Building Authority, Series 2015 D, Ref. RB |
5.00% | 08/15/2037 | 25 | 24,999 | ||||||||||||
| University of Massachusetts Building Authority, Series 2015 1, RB |
5.00% | 11/01/2040 | 200 | 200,359 | ||||||||||||
|
|
|
|||||||||||||||
| 8,748,644 | ||||||||||||||||
|
|
|
|||||||||||||||
| Michigan-1.71% |
||||||||||||||||
| Great Lakes Water Authority, Series 2016 C, Ref. RB |
5.00% | 07/01/2025 | 90 | 90,130 | ||||||||||||
| Great Lakes Water Authority, Series 2018 B, Ref. RB |
5.00% | 07/01/2025 | 75 | 75,108 | ||||||||||||
| Michigan (State of) Building Authority (Facilities Program), Series 2015 I, Ref. RB |
5.00% | 04/15/2028 | 185 | 186,221 | ||||||||||||
| Michigan (State of) Building Authority (Facilities Program), Series 2015 I, Ref. RB |
5.00% | 04/15/2029 | 275 | 276,696 | ||||||||||||
| Michigan (State of) Building Authority (Facilities Program), Series 2015 I, Ref. RB |
5.00% | 04/15/2030 | 185 | 186,064 | ||||||||||||
| Michigan (State of) Building Authority (Facilities Program), Series 2015 I, Ref. RB |
5.00% | 04/15/2031 | 75 | 75,401 | ||||||||||||
| Michigan (State of) Building Authority (Facilities Program), Series 2015 I, Ref. RB |
5.00% | 04/15/2032 | 375 | 376,869 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2025 Municipal Bond ETF (BSMP)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Michigan-(continued) |
||||||||||||||||
| Michigan (State of) Building Authority (Facilities Program), Series 2015 I, Ref. RB |
5.00% | 04/15/2033 | $ | 575 | $ | 577,605 | ||||||||||
| Michigan (State of) Building Authority (Facilities Program), Series 2015 I, Ref. RB |
5.00% | 04/15/2034 | 15 | 15,062 | ||||||||||||
| Michigan (State of) Building Authority (Facilities Program), Series 2015 I, Ref. RB |
5.00% | 04/15/2038 | 30 | 30,067 | ||||||||||||
| Michigan (State of) Building Authority (Facilities Program), Series 2015 I, Ref. RB |
5.00% | 10/15/2045 | 300 | 300,127 | ||||||||||||
| Michigan (State of) Finance Authority (Beaumont Health Credit Group), Series 2016, RB |
5.00% | 11/01/2044 | 100 | 99,029 | ||||||||||||
| Michigan (State of) Finance Authority (Clean Water Revolving Fund), Series 2016 B, Ref. RB |
5.00% | 10/01/2025 | 10 | 10,068 | ||||||||||||
| Michigan (State of) Finance Authority (Detroit Water & Sewerage Department), Series 2015 C, RB |
5.00% | 07/01/2034 | 215 | 214,986 | ||||||||||||
| Michigan (State of) Finance Authority (Detroit Water & Sewerage Department), Series 2015 D-1, Ref. RB |
5.00% | 07/01/2034 | 50 | 50,055 | ||||||||||||
| Michigan (State of) Finance Authority (Detroit Water & Sewerage Department), Series 2015, RB |
5.00% | 07/01/2033 | 400 | 400,003 | ||||||||||||
| Michigan (State of) Finance Authority (Detroit Water & Sewerage Department), Series 2015, RB |
5.00% | 07/01/2035 | 200 | 199,987 | ||||||||||||
| Michigan (State of) Finance Authority (Henry Ford Health System), Series 2016, Ref. RB |
5.00% | 11/15/2025 | 180 | 181,608 | ||||||||||||
| Michigan (State of) Finance Authority (McLaren Health Care), Series 2015, Ref. RB |
5.00% | 05/15/2038 | 5 | 5,000 | ||||||||||||
| Michigan (State of) Finance Authority (Trinity Health Credit Group), Series 2015, Ref. RB |
5.00% | 12/01/2025 | 35 | 35,080 | ||||||||||||
| Michigan (State of) Finance Authority (Trinity Health Credit Group), Series 2015, Ref. RB |
5.50% | 12/01/2027 | 350 | 350,617 | ||||||||||||
| Michigan (State of) Finance Authority (Trinity Health Credit Group), Series 2017, Ref. RB |
5.00% | 12/01/2025 | 65 | 65,610 | ||||||||||||
| Michigan (State of) Hospital Finance Authority (Trinity Health Credit Group), Series 2008 C, Ref. RB |
5.00% | 12/01/2025 | 105 | 105,985 | ||||||||||||
| Michigan (State of) Strategic Fund (Michigan Senate Offices), Series 2015 A, RB |
5.25% | 10/15/2040 | 50 | 50,254 | ||||||||||||
| Wayne (County of), MI Airport Authority, Series 2015 D, RB |
5.00% | 12/01/2045 | 100 | 99,687 | ||||||||||||
|
|
|
|||||||||||||||
| 4,057,319 | ||||||||||||||||
|
|
|
|||||||||||||||
| Minnesota-1.01% |
||||||||||||||||
| Metropolitan Council, Series 2021 B, GO Bonds |
5.00% | 12/01/2025 | 180 | 181,885 | ||||||||||||
| Minnesota (State of), Series 2015 A, GO Bonds |
5.00% | 08/01/2027 | 25 | 25,075 | ||||||||||||
| Minnesota (State of), Series 2015 A, GO Bonds |
5.00% | 08/01/2028 | 15 | 15,044 | ||||||||||||
| Minnesota (State of), Series 2015 A, GO Bonds |
5.00% | 08/01/2029 | 225 | 225,649 | ||||||||||||
| Minnesota (State of), Series 2015 D, Ref. GO Bonds |
5.00% | 08/01/2025 | 110 | 110,357 | ||||||||||||
| Minnesota (State of), Series 2015 D, Ref. GO Bonds |
5.00% | 08/01/2027 | 5 | 5,015 | ||||||||||||
| Minnesota (State of), Series 2016 D, Ref. GO Bonds |
5.00% | 08/01/2025 | 465 | 466,508 | ||||||||||||
| Minnesota (State of), Series 2019 A, GO Bonds |
5.00% | 08/01/2025 | 65 | 65,211 | ||||||||||||
| Minnesota (State of), Series 2020 A, GO Bonds |
5.00% | 08/01/2025 | 295 | 295,957 | ||||||||||||
| St. Paul (City of), MN Housing & Redevelopment Authority (Healthpartners
Obligated Group), Series 2015 A, Ref. |
5.00% | 07/01/2025 | 300 | 300,386 | ||||||||||||
| St. Paul (City of), MN Housing & Redevelopment Authority (Healthpartners
Obligated Group), Series 2015 A, Ref. |
5.00% | 07/01/2025 | 40 | 40,051 | ||||||||||||
| St. Paul (City of), MN Housing & Redevelopment Authority (Healthpartners Obligated Group), Series 2015, Ref. RB(a)(b) |
5.00% | 07/01/2025 | 180 | 180,231 | ||||||||||||
| St. Paul (City of), MN Housing & Redevelopment Authority (Healthpartners Obligated Group), Series 2015, Ref. RB |
4.00% | 07/01/2035 | 500 | 482,456 | ||||||||||||
|
|
|
|||||||||||||||
| 2,393,825 | ||||||||||||||||
|
|
|
|||||||||||||||
| Mississippi-0.44% |
||||||||||||||||
| Mississippi (State of), Series 2015 A, GO Bonds(a)(b) |
4.00% | 10/01/2025 | 310 | 311,021 | ||||||||||||
| Mississippi (State of), Series 2015 C, Ref. GO Bonds |
5.00% | 10/01/2025 | 130 | 130,835 | ||||||||||||
| Mississippi (State of), Series 2015 F, GO Bonds(a)(b) |
4.00% | 11/01/2025 | 50 | 50,212 | ||||||||||||
| Mississippi (State of), Series 2015 F, GO Bonds(a)(b) |
4.00% | 11/01/2025 | 5 | 5,021 | ||||||||||||
| Mississippi (State of), Series 2015 F, GO Bonds(a)(b) |
5.00% | 11/01/2025 | 310 | 312,578 | ||||||||||||
| Mississippi (State of), Series 2015 F, GO Bonds(a)(b) |
5.00% | 11/01/2025 | 50 | 50,416 | ||||||||||||
| Mississippi (State of), Series 2015 F, GO Bonds(a)(b) |
5.00% | 11/01/2025 | 10 | 10,083 | ||||||||||||
| Mississippi (State of), Series 2015 F, GO Bonds(a)(b) |
5.00% | 11/01/2025 | 165 | 166,372 | ||||||||||||
|
|
|
|||||||||||||||
| 1,036,538 | ||||||||||||||||
|
|
|
|||||||||||||||
| Missouri-0.97% |
||||||||||||||||
| Missouri (State of) Board of Public Buildings, Series 2020 B, Ref. RB |
5.00% | 10/01/2025 | 95 | 95,651 | ||||||||||||
| Missouri (State of) Health & Educational Facilities Authority (St. Anthony’s Medical Center), Series 2015 B, Ref. RB |
4.00% | 02/01/2040 | 60 | 55,431 | ||||||||||||
| Missouri (State of) Health & Educational Facilities Authority (St. Louis University), Series 2015 A, RB |
5.00% | 10/01/2038 | 505 | 506,413 | ||||||||||||
| Missouri (State of) Joint Municipal Electric Utility Commission (Prairie State), Series 2015 A, Ref. RB(a)(b) |
5.00% | 06/01/2025 | 100 | 100,000 | ||||||||||||
| Missouri (State of) Joint Municipal Electric Utility Commission (Prairie State), Series 2015 A, Ref. RB(a)(b) |
5.00% | 06/01/2025 | 1,000 | 1,000,000 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2025 Municipal Bond ETF (BSMP)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Missouri-(continued) |
||||||||||||||||
| Springfield (City of), MO, Series 2015, Ref. RB |
5.00% | 08/01/2025 | $ 500 | $ | 501,497 | |||||||||||
| St. Charles (County of), MO Public Water Supply District No. 2, Series 2018, COP |
4.00% | 12/01/2039 | 40 | 37,024 | ||||||||||||
|
|
|
|||||||||||||||
| 2,296,016 | ||||||||||||||||
|
|
|
|||||||||||||||
| Nebraska-0.56% |
||||||||||||||||
| Douglas (County of), NE Hospital Authority No. 3 (NE Methodist Health), Series 2015, Ref. RB |
4.13% | 11/01/2036 | 65 | 63,026 | ||||||||||||
| Gretna (City of), NE, Series 2022, COP |
5.00% | 12/15/2025 | 100 | 100,105 | ||||||||||||
| Gretna Public Schools, Series 2022 B, GO Bonds |
5.00% | 12/15/2027 | 1,050 | 1,058,013 | ||||||||||||
| University of Nebraska, Series 2015, RB(a)(b) |
4.00% | 07/01/2025 | 100 | 100,070 | ||||||||||||
|
|
|
|||||||||||||||
| 1,321,214 | ||||||||||||||||
|
|
|
|||||||||||||||
| Nevada-0.75% |
||||||||||||||||
| Clark (County of), NV, Series 2015, Ref. GO Bonds(a)(b) |
4.00% | 06/20/2025 | 285 | 285,116 | ||||||||||||
| Clark (County of), NV Department of Aviation, Series 2015 A, Ref. RB |
5.00% | 07/01/2040 | 210 | 209,995 | ||||||||||||
| Clark (County of), NV Department of Aviation, Series 2024 A, Ref. RB |
5.00% | 07/01/2025 | 20 | 20,029 | ||||||||||||
| Clark County School District, Series 2015 C, Ref. GO Bonds |
5.00% | 06/15/2028 | 415 | 418,630 | ||||||||||||
| Clark County School District, Series 2016 A, Ref. GO Bonds |
5.00% | 06/15/2025 | 25 | 25,015 | ||||||||||||
| Clark County School District, Series 2017 A, Ref. GO Bonds |
5.00% | 06/15/2025 | 170 | 170,105 | ||||||||||||
| Clark County School District No. 114 Evergreen, Series 2019, Ref. RB |
5.00% | 07/01/2025 | 170 | 170,249 | ||||||||||||
| Las Vegas Valley Water District, Series 2015 A, Ref. GO Bonds |
5.00% | 06/01/2025 | 100 | 100,000 | ||||||||||||
| Las Vegas Valley Water District, Series 2019 B, Ref. GO Bonds |
5.00% | 06/01/2025 | 145 | 145,000 | ||||||||||||
| Nevada (State of), Series 2016, Ref. RB |
5.00% | 12/01/2025 | 225 | 227,390 | ||||||||||||
|
|
|
|||||||||||||||
| 1,771,529 | ||||||||||||||||
|
|
|
|||||||||||||||
| New Jersey-2.70% |
||||||||||||||||
| Essex (County of), NJ, Series 2017, Ref. GO Bonds |
5.00% | 08/01/2025 | 15 | 15,049 | ||||||||||||
| New Jersey (State of), Series 2013, GO Bonds |
3.00% | 06/01/2025 | 100 | 100,000 | ||||||||||||
| New Jersey (State of), Series 2014, GO Bonds(a)(b) |
5.00% | 06/01/2025 | 300 | 300,000 | ||||||||||||
| New Jersey (State of), Series 2014, GO Bonds(a)(b) |
5.00% | 06/01/2025 | 30 | 30,000 | ||||||||||||
| New Jersey (State of), Series 2020 A, GO Bonds |
5.00% | 06/01/2025 | 1,720 | 1,720,000 | ||||||||||||
| New Jersey (State of) Economic Development Authority, Series 2005 N-1, Ref. RB, (INS - AGI)(c) |
5.50% | 09/01/2025 | 725 | 729,296 | ||||||||||||
| New Jersey (State of) Economic Development Authority, Series 2015 WW, RB(a)(b) |
5.00% | 06/15/2025 | 10 | 10,007 | ||||||||||||
| New Jersey (State of) Economic Development Authority, Series 2015 WW, RB(a)(b) |
5.00% | 06/15/2025 | 400 | 400,283 | ||||||||||||
| New Jersey (State of) Economic Development Authority, Series 2015 WW, RB(a)(b) |
5.00% | 06/15/2025 | 50 | 50,035 | ||||||||||||
| New Jersey (State of) Economic Development Authority, Series 2015 WW, RB(a)(b) |
5.00% | 06/15/2025 | 55 | 55,039 | ||||||||||||
| New Jersey (State of) Economic Development Authority, Series 2015 WW, RB(a)(b) |
5.25% | 06/15/2025 | 5 | 5,004 | ||||||||||||
| New Jersey (State of) Economic Development Authority, Series 2015 WW, RB |
5.25% | 06/15/2028 | 100 | 100,078 | ||||||||||||
| New Jersey (State of) Economic Development Authority, Series 2015 XX, Ref. RB |
5.00% | 06/15/2025 | 1,025 | 1,025,630 | ||||||||||||
| New Jersey (State of) Economic Development Authority, Series 2015 XX, Ref. RB(a)(b) |
5.00% | 06/15/2025 | 110 | 110,078 | ||||||||||||
| New Jersey (State of) Economic Development Authority, Series 2015 XX, Ref. RB |
4.38% | 06/15/2027 | 35 | 35,014 | ||||||||||||
| New Jersey (State of) Economic Development Authority, Series 2017 B, Ref. RB |
4.00% | 11/01/2025 | 100 | 100,346 | ||||||||||||
| New Jersey (State of) Economic Development Authority, Series 2017 B, Ref. RB |
5.00% | 11/01/2025 | 60 | 60,452 | ||||||||||||
| New Jersey (State of) Educational Facilities Authority, Series 2015 H, Ref. RB, (INS - AGI)(c) |
4.00% | 07/01/2033 | 380 | 380,111 | ||||||||||||
| New Jersey (State of) Health Care Facilities Financing Authority (Hackensack Meridian Health Obligated Group), Series 2017 A, Ref. RB |
5.00% | 07/01/2025 | 200 | 200,265 | ||||||||||||
| New Jersey (State of) Health Care Facilities Financing Authority (RWJ Barnabas Health Obligated Group), Series 2021, RB |
5.00% | 07/01/2025 | 235 | 235,331 | ||||||||||||
| New Jersey (State of) Health Care Facilities Financing Authority (Virtua Health), Series 2013, Ref. RB |
5.00% | 07/01/2028 | 235 | 236,409 | ||||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2004 A, RB, (INS - NATL)(c) |
5.75% | 06/15/2025 | 5 | 5,004 | ||||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2015 AA, RB |
5.25% | 06/15/2031 | 15 | 15,014 | ||||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2015 AA, RB |
4.75% | 06/15/2038 | 140 | 139,992 | ||||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2019, Ref. RB |
5.00% | 12/15/2025 | 45 | 45,447 | ||||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2021 A, Ref. RB |
5.00% | 06/15/2025 | 245 | 245,151 | ||||||||||||
| New Jersey (State of) Turnpike Authority, Series 2014 A, RB |
5.00% | 01/01/2027 | 35 | 35,055 | ||||||||||||
| New Jersey Infrastructure Bank, Series 2012 A-R, Ref. RB |
4.00% | 09/01/2025 | 20 | 20,048 | ||||||||||||
|
|
|
|||||||||||||||
| 6,404,138 | ||||||||||||||||
|
|
|
|||||||||||||||
| New Mexico-0.53% |
||||||||||||||||
| Albuquerque (City of) & Bernalillo (County of), NM Water Utility Authority, Series 2015, Ref. RB |
5.00% | 07/01/2025 | 55 | 55,082 | ||||||||||||
| New Mexico (State of) Hospital Equipment Loan Council (Presbyterian Healthcare), Series 2015, RB(a)(b) |
4.13% | 08/01/2025 | 1,005 | 1,006,174 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2025 Municipal Bond ETF (BSMP)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| New Mexico-(continued) |
||||||||||||||||
| New Mexico (State of) Hospital Equipment Loan Council (Presbyterian Healthcare), Series 2015, RB(a)(b) |
5.00% | 08/01/2025 | $ | 110 | $ | 110,284 | ||||||||||
| New Mexico (State of) Severance Tax Permanent Fund, Series 2015 A, RB |
5.00% | 07/01/2025 | 50 | 50,075 | ||||||||||||
| New Mexico (State of) Severance Tax Permanent Fund, Series 2022 A, RB |
5.00% | 07/01/2025 | 35 | 35,052 | ||||||||||||
|
|
|
|||||||||||||||
| 1,256,667 | ||||||||||||||||
|
|
|
|||||||||||||||
| New York-18.66% |
||||||||||||||||
| Metropolitan Transportation Authority, Series 2002 D, VRD Ref. RB, (LOC - Truist Bank)(d)(e) |
1.40% | 11/01/2032 | 1,000 | 1,000,000 | ||||||||||||
| Metropolitan Transportation Authority, Series 2015 D-1, Ref. RB |
5.00% | 11/15/2029 | 350 | 351,445 | ||||||||||||
| Metropolitan Transportation Authority, Series 2015 D-1, Ref. RB, (INS - BAM)(c) |
5.00% | 11/15/2033 | 105 | 105,552 | ||||||||||||
| Metropolitan Transportation Authority, Series 2015 F, Ref. RB |
5.00% | 11/15/2029 | 100 | 100,413 | ||||||||||||
| Metropolitan Transportation Authority, Series 2015 F, Ref. RB |
5.00% | 11/15/2032 | 60 | 60,139 | ||||||||||||
| Metropolitan Transportation Authority, Series 2015 F, Ref. RB |
5.00% | 11/15/2035 | 55 | 55,050 | ||||||||||||
| Metropolitan Transportation Authority, Series 2015 F, Ref. RB |
5.00% | 11/15/2036 | 300 | 300,187 | ||||||||||||
| Metropolitan Transportation Authority, Series 2016 A, Ref. RB |
5.00% | 11/15/2025 | 35 | 35,340 | ||||||||||||
| Metropolitan Transportation Authority, Series 2016 B, Ref. RB |
5.00% | 11/15/2025 | 210 | 211,573 | ||||||||||||
| Metropolitan Transportation Authority, Subseries 2015 C-1, Ref. RB |
5.00% | 11/15/2027 | 30 | 30,170 | ||||||||||||
| Metropolitan Transportation Authority, Subseries 2015 C-1, Ref. RB |
5.00% | 11/15/2029 | 290 | 291,198 | ||||||||||||
| Metropolitan Transportation Authority, Subseries 2015 C-1, Ref. RB |
5.25% | 11/15/2029 | 25 | 25,137 | ||||||||||||
| Metropolitan Transportation Authority, Subseries 2015 C-1, Ref. RB |
5.00% | 11/15/2034 | 170 | 170,242 | ||||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2016 A2, Ref. RB |
5.00% | 11/15/2025 | 25 | 25,187 | ||||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2017 A-2, Ref. RB |
5.00% | 11/15/2025 | 200 | 201,498 | ||||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2017 B, Ref. RB |
5.00% | 11/15/2025 | 65 | 65,487 | ||||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2017 C-1, Ref. RB |
5.00% | 11/15/2025 | 225 | 226,685 | ||||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2018 B, Ref. RB |
5.00% | 11/15/2025 | 25 | 25,187 | ||||||||||||
| Monroe County Industrial Development Corp. (University of Rochester), Series 2015 A, Ref. RB |
4.00% | 07/01/2035 | 25 | 24,948 | ||||||||||||
| Nassau (County of), NY, Series 2017 C, Ref. GO Bonds |
5.00% | 10/01/2025 | 45 | 45,316 | ||||||||||||
| Nassau (County of), NY Industrial Development Agency, Series 1999, Ref. VRD RB(d) |
1.40% | 01/01/2034 | 850 | 850,000 | ||||||||||||
| Nassau Health Care Corp., Series 2009, Ref. RB |
5.00% | 08/01/2025 | 100 | 100,301 | ||||||||||||
| New York & New Jersey (States of) Port Authority, One Hundred Eighty Nineth Series 2015, Ref. RB(a)(b) |
5.00% | 06/09/2025 | 60 | 60,021 | ||||||||||||
| New York & New Jersey (States of) Port Authority, One Hundred Eighty Nineth Series 2015, Ref. RB(a)(b) |
5.00% | 06/09/2025 | 75 | 75,026 | ||||||||||||
| New York & New Jersey (States of) Port Authority, One Hundred Eighty Nineth Series 2015, Ref. RB(a)(b) |
5.00% | 06/09/2025 | 70 | 70,025 | ||||||||||||
| New York & New Jersey (States of) Port Authority, One Hundred Ninety Fourth Series 2015, Ref. RB |
5.00% | 10/15/2025 | 150 | 151,133 | ||||||||||||
| New York & New Jersey (States of) Port Authority, One Hundred Ninety Fourth Series 2015, Ref. RB |
5.00% | 10/15/2029 | 185 | 185,739 | ||||||||||||
| New York & New Jersey (States of) Port Authority, One Hundred Ninety Fourth Series 2015, Ref. RB |
5.00% | 10/15/2030 | 110 | 110,399 | ||||||||||||
| New York & New Jersey (States of) Port Authority, One Hundred Ninety Fourth Series 2015, Ref. RB |
5.00% | 10/15/2032 | 300 | 301,044 | ||||||||||||
| New York & New Jersey (States of) Port Authority, One Hundred Ninety Fourth Series 2015, Ref. RB |
5.00% | 10/15/2035 | 430 | 431,386 | ||||||||||||
| New York & New Jersey (States of) Port Authority, One Hundred Ninety Fourth Series 2015, Ref. RB |
5.25% | 10/15/2055 | 1,000 | 1,003,063 | ||||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Thirtieth Series 2022, Ref. RB |
4.00% | 12/01/2025 | 100 | 100,547 | ||||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundrend Fifth Series 2017, Ref. RB |
5.00% | 11/15/2025 | 15 | 15,143 | ||||||||||||
| New York (City of), NY, Series 2015 A, Ref. GO Bonds |
5.00% | 08/01/2025 | 530 | 531,781 | ||||||||||||
| New York (City of), NY, Series 2015 A, Ref. GO Bonds |
5.00% | 08/01/2027 | 5 | 5,016 | ||||||||||||
| New York (City of), NY, Series 2015 F-1, GO Bonds |
5.00% | 06/01/2036 | 650 | 650,772 | ||||||||||||
| New York (City of), NY, Series 2015 F-1, GO Bonds |
3.75% | 06/01/2037 | 75 | 69,354 | ||||||||||||
| New York (City of), NY, Series 2016 C, Ref. GO Bonds |
5.00% | 08/01/2025 | 200 | 200,672 | ||||||||||||
| New York (City of), NY, Series 2017 1, GO Bonds |
5.00% | 08/01/2025 | 180 | 180,605 | ||||||||||||
| New York (City of), NY, Series 2017 A, Ref. GO Bonds |
5.00% | 08/01/2025 | 505 | 506,697 | ||||||||||||
| New York (City of), NY, Series 2017 C, Ref. GO Bonds |
5.00% | 08/01/2025 | 325 | 326,092 | ||||||||||||
| New York (City of), NY, Series 2018 A, Ref. GO Bonds |
5.00% | 08/01/2025 | 445 | 446,495 | ||||||||||||
| New York (City of), NY, Series 2019 E, Ref. GO Bonds |
5.00% | 08/01/2025 | 150 | 150,504 | ||||||||||||
| New York (City of), NY, Series 2020 C, Ref. GO Bonds |
5.00% | 08/01/2025 | 55 | 55,185 | ||||||||||||
| New York (City of), NY, Series 2020 C-1, Ref. GO Bonds |
5.00% | 08/01/2025 | 500 | 501,680 | ||||||||||||
| New York (City of), NY, Series 2022 A-1, GO Bonds |
5.00% | 09/01/2025 | 15 | 15,076 | ||||||||||||
| New York (City of), NY, Series 2022 B-1, Ref. GO Bonds |
5.00% | 08/01/2025 | 105 | 105,353 | ||||||||||||
| New York (City of), NY, Series 2023 C, Ref. GO Bonds |
5.00% | 08/01/2025 | 190 | 190,638 | ||||||||||||
| New York (City of), NY, Series 2023 F-1, Ref. GO Bonds |
5.00% | 08/01/2025 | 170 | 170,571 | ||||||||||||
| New York (City of), NY, Subseries 2015 F, VRD GO Bonds(d) |
1.40% | 06/01/2044 | 650 | 650,000 | ||||||||||||
| New York (City of), NY, Subseries 2016 A-5, VRD GO Bonds(d) |
1.40% | 08/01/2044 | 1,330 | 1,330,000 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2025 Municipal Bond ETF (BSMP)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| New York-(continued) |
||||||||||||||
| New York (City of), NY Industrial Development Agency, Series 2015, Ref. RB(a)(b) |
5.00% | 06/15/2025 | $ | 80 | $ | 80,056 | ||||||||
| New York (City of), NY Industrial Development Agency, Series 2015, Ref. RB(a)(b) |
5.00% | 06/15/2025 | 380 | 380,264 | ||||||||||
| New York (City of), NY Industrial Development Agency, Series 2015, Ref. RB(a)(b) |
5.00% | 06/15/2025 | 20 | 20,014 | ||||||||||
| New York (City of), NY Industrial Development Agency, Series 2015, Ref. RB(a)(b) |
5.00% | 06/15/2025 | 5 | 5,003 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2010 DD, VRD RB(d) |
1.40% | 06/15/2043 | 1,000 | 1,000,000 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2011 FF-2, VRD RB(d) |
1.40% | 06/15/2044 | 1,090 | 1,090,000 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2014 AA-6, VRD RB(d) |
1.40% | 06/15/2048 | 1,000 | 1,000,000 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2015 FF, RB(a)(b) |
5.00% | 06/15/2025 | 455 | 455,317 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2015 FF, Ref. RB(a)(b) |
5.00% | 06/15/2025 | 90 | 90,063 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2015 FF, Ref. RB(a)(b) |
5.00% | 06/15/2025 | 20 | 20,014 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2015 GG, Ref. RB(a)(b) |
5.00% | 06/15/2025 | 600 | 600,418 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2015 GG, Ref. RB(a)(b) |
5.00% | 06/15/2025 | 170 | 170,118 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2015 GG, Ref. RB(a)(b) |
5.00% | 06/15/2025 | 25 | 25,017 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2015 HH, Ref. RB(a)(b) |
5.00% | 06/15/2025 | 15 | 15,010 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2015 HH, Ref. RB(a)(b) |
5.00% | 06/15/2025 | 35 | 35,024 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2015 HH, Ref. RB |
3.38% | 06/15/2030 | 65 | 65,009 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2015, Ref. RB |
3.50% | 06/15/2032 | 70 | 70,001 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2018 EE, Ref. RB |
3.13% | 06/15/2031 | 100 | 100,012 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2019 CC, Ref. RB |
5.00% | 06/15/2025 | 65 | 65,047 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2020 DD-2, RB |
5.00% | 06/15/2027 | 425 | 429,232 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2020, Ref. RB |
5.00% | 06/15/2025 | 100 | 100,073 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2021 BB-2, Ref. RB |
5.00% | 06/15/2027 | 175 | 176,743 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2021 DD, Ref. RB |
5.00% | 06/15/2025 | 410 | 410,297 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2021, RB |
5.00% | 06/15/2027 | 20 | 20,199 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2022 CC-2, RB |
5.00% | 06/15/2027 | 2,030 | 2,050,216 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2015 A-1, RB(a)(b) |
5.00% | 08/01/2025 | 300 | 300,953 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2015 A-1, RB(a)(b) |
5.00% | 08/01/2025 | 175 | 175,556 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2015 C, Ref. RB |
5.00% | 11/01/2025 | 40 | 40,343 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2015 C, Ref. RB |
5.00% | 11/01/2027 | 200 | 201,280 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2015 S, RB |
5.00% | 07/15/2027 | 300 | 300,611 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2015 S, RB |
5.00% | 07/15/2032 | 25 | 25,030 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2015 S, RB |
5.00% | 07/15/2033 | 35 | 35,037 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2015 S, RB |
5.00% | 07/15/2034 | 55 | 55,052 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2015 S, RB |
5.00% | 07/15/2035 | 25 | 25,013 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2015 S, RB |
5.00% | 07/15/2040 | 1,200 | 1,200,333 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2015 S, RB |
5.00% | 07/15/2041 | 200 | 200,043 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2015 S-1, RB |
5.00% | 07/15/2028 | 610 | 610,710 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2015 S-1, RB |
5.00% | 07/15/2040 | 355 | 355,062 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2015 S-2, RB |
5.00% | 07/15/2030 | 5 | 5,007 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2015 S-2, RB |
5.00% | 07/15/2035 | 500 | 500,411 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2015, RB(a)(b) |
5.00% | 08/01/2025 | 200 | 200,635 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2015, RB(a)(b) |
5.00% | 08/01/2025 | 150 | 150,477 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2016 S-1, RB(a) |
5.00% | 07/15/2025 | 85 | 85,210 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017 C, Ref. RB |
5.00% | 11/01/2025 | 55 | 55,471 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017, RB |
5.00% | 11/01/2025 | 100 | 100,856 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2018, VRD RB(d) |
1.40% | 08/01/2042 | 2,500 | 2,500,000 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2020, Ref. RB(a) |
5.00% | 11/01/2025 | 5 | 5,042 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2020, Ref. RB |
5.00% | 11/01/2025 | 65 | 65,557 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2021 A-1, Ref. RB |
5.00% | 11/01/2025 | 55 | 55,471 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2021 B-1, RB(a) |
5.00% | 08/01/2025 | 120 | 120,381 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2021 D-1, RB |
5.00% | 11/01/2025 | 345 | 347,955 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2021, Ref. RB |
5.00% | 11/01/2025 | 70 | 70,600 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022 B-1, Ref. RB |
5.00% | 11/01/2025 | 305 | 307,612 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022, Ref. RB |
5.00% | 11/01/2025 | 25 | 25,212 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023 E-1, RB. |
5.00% | 11/01/2025 | 385 | 388,297 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2015 B-1, RB |
5.00% | 11/01/2029 | 75 | 75,427 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2015 B-1, RB |
5.00% | 11/01/2032 | 180 | 180,885 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2015 B-1, RB |
5.00% | 11/01/2033 | 300 | 301,302 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2015 B-1, RB |
5.00% | 11/01/2035 | 150 | 150,528 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2015 B-1, RB |
5.00% | 11/01/2037 | 5 | 5,013 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2025 Municipal Bond ETF (BSMP)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| New York-(continued) |
||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2015 B-1, RB |
5.00% | 11/01/2038 | $ | 75 | $ | 75,172 | ||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2018 S-3, Ref. RB |
5.00% | 07/15/2025 | 65 | 65,151 | ||||||||
| New York (State of) Dormitory Authority, Series 2015 A, Ref. RB |
5.00% | 07/01/2032 | 1,000 | 1,000,951 | ||||||||
| New York (State of) Dormitory Authority, Series 2015 A, Ref. RB |
5.00% | 07/01/2033 | 285 | 285,248 | ||||||||
| New York (State of) Dormitory Authority, Series 2015 B, RB |
5.00% | 03/15/2030 | 245 | 246,179 | ||||||||
| New York (State of) Dormitory Authority, Series 2015 B, RB |
5.00% | 03/15/2031 | 200 | 200,876 | ||||||||
| New York (State of) Dormitory Authority, Series 2015 B, RB |
5.00% | 03/15/2032 | 600 | 602,335 | ||||||||
| New York (State of) Dormitory Authority, Series 2015 B, RB |
5.00% | 03/15/2033 | 175 | 175,591 | ||||||||
| New York (State of) Dormitory Authority, Series 2015 B, RB |
5.00% | 03/15/2042 | 40 | 40,062 | ||||||||
| New York (State of) Dormitory Authority, Series 2015 B, Ref. RB |
5.00% | 03/15/2045 | 200 | 200,222 | ||||||||
| New York (State of) Dormitory Authority, Series 2015 E, Ref. RB(a)(b) |
4.00% | 09/15/2025 | 150 | 150,486 | ||||||||
| New York (State of) Dormitory Authority, Series 2015 E, Ref. RB(a)(b) |
5.00% | 09/15/2025 | 25 | 25,152 | ||||||||
| New York (State of) Dormitory Authority, Series 2015 E, Ref. RB |
5.00% | 03/15/2030 | 1,000 | 1,003,547 | ||||||||
| New York (State of) Dormitory Authority, Series 2015, Ref. RB |
5.00% | 07/01/2043 | 110 | 107,572 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 A, RB |
5.00% | 10/01/2025 | 100 | 100,599 | ||||||||
| New York (State of) Dormitory Authority, Series 2020 A, RB, (INS - AGI)(c) |
5.00% | 10/01/2025 | 200 | 201,377 | ||||||||
| New York (State of) Dormitory Authority, Series 2022 A, RB, (INS - BAM)(c) |
5.00% | 10/01/2025 | 50 | 50,344 | ||||||||
| New York (State of) Dormitory Authority (Barnard College), Series 2015, Ref. RB(a)(b) |
5.00% | 07/01/2025 | 90 | 90,139 | ||||||||
| New York (State of) Dormitory Authority (Icahn School of Medicine at Mount Sinai), Series 2015 A, Ref. RB |
5.00% | 07/01/2035 | 130 | 130,018 | ||||||||
| New York (State of) Dormitory Authority (New York University), Series 2015 A, Ref. RB |
5.00% | 07/01/2030 | 325 | 325,349 | ||||||||
| New York (State of) Dormitory Authority (New York University), Series 2015 A, Ref. RB |
5.00% | 07/01/2035 | 105 | 105,074 | ||||||||
| New York (State of) Dormitory Authority (Rockefeller University), Series 2008 A, VRD RB(d) |
1.75% | 07/01/2039 | 430 | 430,000 | ||||||||
| New York (State of) Energy Research & Development Authority (Consolidated Edison Co. of New York, Inc.), Subseries 2005 A-2, VRD RB, (LOC - Mizuho Bank Ltd.)(d)(e) |
2.00% | 05/01/2039 | 1,000 | 1,000,000 | ||||||||
| New York (State of) Housing Finance Agency, Series 2004, VRD RB, (LOC - Fannie Mae)(d)(e) |
2.00% | 11/15/2036 | 400 | 400,000 | ||||||||
| New York (State of) Power Authority (Green Transmission), Series 2022, RB, (INS - AGI)(c) |
5.00% | 11/15/2025 | 10 | 10,099 | ||||||||
| New York (State of) Utility Debt Securitization Authority, Series 2015, Ref. RB |
5.00% | 06/15/2027 | 355 | 355,238 | ||||||||
| New York (State of) Utility Debt Securitization Authority, Series 2015, Ref. RB |
5.00% | 12/15/2027 | 85 | 85,884 | ||||||||
| New York (State of) Utility Debt Securitization Authority, Series 2015, Ref. RB |
5.00% | 12/15/2033 | 485 | 487,879 | ||||||||
| New York (State of) Utility Debt Securitization Authority, Series 2015, Ref. RB |
5.00% | 12/15/2034 | 100 | 100,541 | ||||||||
| New York (State of) Utility Debt Securitization Authority, Series 2015, Ref. RB |
5.00% | 12/15/2036 | 325 | 326,414 | ||||||||
| New York (State of) Utility Debt Securitization Authority, Series 2015, Ref. RB |
4.00% | 12/15/2037 | 50 | 49,476 | ||||||||
| New York (State of) Utility Debt Securitization Authority, Series 2015, Ref. RB |
5.00% | 12/15/2037 | 625 | 627,390 | ||||||||
| New York City Housing Development Corp. (Green Bonds), Series 2023 B-2, VRD RB(d) |
1.80% | 05/01/2054 | 1,350 | 1,350,000 | ||||||||
| New York Convention Center Development Corp. (Hotel Unit Fee Secured), Series 2015, Ref. RB |
5.00% | 11/15/2029 | 15 | 15,098 | ||||||||
| New York Convention Center Development Corp. (Hotel Unit Fee Secured), Series 2015, Ref. RB |
5.00% | 11/15/2032 | 5 | 5,027 | ||||||||
| New York Convention Center Development Corp. (Hotel Unit Fee Secured), Series 2015, Ref. RB |
5.00% | 11/15/2033 | 95 | 95,458 | ||||||||
| New York Convention Center Development Corp. (Hotel Unit Fee Secured), Series 2015, Ref. RB |
5.00% | 11/15/2040 | 265 | 265,122 | ||||||||
| New York Convention Center Development Corp. (Hotel Unit Fee Secured), Series 2015, Ref. RB |
5.00% | 11/15/2045 | 90 | 88,576 | ||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2015 A, Ref. RB |
5.00% | 06/15/2040 | 275 | 275,292 | ||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2016, Ref. RB |
5.00% | 06/15/2025 | 85 | 85,061 | ||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2017, Ref. RB |
5.00% | 06/15/2025 | 75 | 75,054 | ||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2022, Ref. RB |
5.00% | 06/15/2025 | 120 | 120,087 | ||||||||
| New York State Urban Development Corp., Series 2015 A, Ref. RB(a)(b) |
5.00% | 09/15/2025 | 20 | 20,118 | ||||||||
| New York State Urban Development Corp., Series 2015 A, Ref. RB(a)(b) |
5.00% | 09/15/2025 | 10 | 10,059 | ||||||||
| New York State Urban Development Corp., Series 2015 A, Ref. RB |
5.00% | 03/15/2030 | 95 | 95,433 | ||||||||
| New York State Urban Development Corp., Series 2015 A, Ref. RB |
5.00% | 03/15/2033 | 150 | 150,554 | ||||||||
| New York State Urban Development Corp., Series 2015, Ref. RB(a)(b) |
5.00% | 09/15/2025 | 10 | 10,059 | ||||||||
| New York State Urban Development Corp., Series 2015, Ref. RB(a)(b) |
5.00% | 09/15/2025 | 40 | 40,237 | ||||||||
| New York Transportation Development Corp. (Terminal 4 JFK International Airport), Series 2020, Ref. RB |
5.00% | 12/01/2025 | 100 | 100,741 | ||||||||
| Suffolk (County of), NY Water Authority, Series 2015, Ref. RB |
4.00% | 06/01/2031 | 155 | 155,090 | ||||||||
| Triborough Bridge & Tunnel Authority, Series 2008 B-3, RB |
5.00% | 11/15/2034 | 405 | 407,534 | ||||||||
| Triborough Bridge & Tunnel Authority, Series 2015 A, RB |
5.00% | 11/15/2050 | 500 | 500,063 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2025 Municipal Bond ETF (BSMP)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| New York-(continued) |
||||||||||||
| Triborough Bridge & Tunnel Authority, Series 2016 A, Ref. RB |
5.00% | 11/15/2025 | $ | 100 | $ | 100,871 | ||||||
| Triborough Bridge & Tunnel Authority, Series 2021 A, RB |
5.00% | 11/01/2025 | 705 | 710,980 | ||||||||
|
|
|
|||||||||||
| 44,317,470 | ||||||||||||
|
|
|
|||||||||||
| North Carolina-1.48% |
||||||||||||
| Charlotte (City of), NC, Series 2015, Ref. RB |
5.00% | 07/01/2025 | 135 | 135,208 | ||||||||
| Charlotte-Mecklenburg Hospital Authority (The) (Atrium Health), Series 2018 G, VRD RB(d) |
1.35% | 01/15/2048 | 1,000 | 1,000,000 | ||||||||
| Mecklenburg (County of), NC, Series 2013 A, Ref. GO Bonds |
5.00% | 12/01/2025 | 95 | 95,985 | ||||||||
| North Carolina (State of), Series 2013 B, Ref. GO Bonds |
5.00% | 06/01/2025 | 20 | 20,000 | ||||||||
| North Carolina (State of), Series 2014 A, Ref. GO Bonds |
5.00% | 06/01/2025 | 1,000 | 1,000,000 | ||||||||
| North Carolina (State of), Series 2014 B, Ref. RB |
5.00% | 06/01/2025 | 145 | 145,000 | ||||||||
| North Carolina (State of), Series 2019 B, GO Bonds |
5.00% | 06/01/2025 | 25 | 25,000 | ||||||||
| North Carolina (State of) Capital Facilities Finance Agency (Duke University), Series 2015 B, Ref. RB(a)(b) |
5.00% | 10/01/2025 | 300 | 302,065 | ||||||||
| North Carolina (State of) Medical Care Commission (Duke University Health system), Series 2016, Ref. RB |
5.00% | 06/01/2025 | 65 | 65,000 | ||||||||
| North Carolina (State of) Medical Care Commission (Vidant Health), Series 2015, Ref. RB |
4.00% | 06/01/2034 | 160 | 159,516 | ||||||||
| North Carolina (State of) Medical Care Commission (Vidant Health), Series 2015, Ref. RB |
5.00% | 06/01/2045 | 200 | 195,920 | ||||||||
| Raleigh (City of), NC Combined Enterprise System, Series 2015 A, Ref. RB |
4.00% | 12/01/2035 | 135 | 135,000 | ||||||||
| Wake (County of), NC, Series 2024 B, Ref. GO Bonds |
5.00% | 09/01/2025 | 240 | 241,202 | ||||||||
|
|
|
|||||||||||
| 3,519,896 | ||||||||||||
|
|
|
|||||||||||
| Ohio-1.61% |
||||||||||||
| Bowling Green State University, Series 2016 A, RB |
5.00% | 06/01/2042 | 100 | 100,156 | ||||||||
| Cincinnati City School District (Classroom Construction & Improvement), Series 2006, Ref. GO Bonds, (INS - NATL)(c) |
5.25% | 12/01/2025 | 200 | 202,320 | ||||||||
| Columbus (City of), OH, Series 2016 1, Ref. GO Bonds |
5.00% | 07/01/2025 | 150 | 150,237 | ||||||||
| Columbus (City of), OH, Series 2016 A, GO Bonds |
4.00% | 08/15/2027 | 500 | 500,799 | ||||||||
| Franklin (County of), OH, Series 2015, RB |
5.00% | 05/15/2045 | 200 | 199,672 | ||||||||
| Hamilton (County of), OH, Series 2016 A, Ref. RB |
5.00% | 12/01/2025 | 25 | 25,261 | ||||||||
| North Royalton City School District, Series 2017, GO Bonds |
5.00% | 12/01/2047 | 1,000 | 1,000,015 | ||||||||
| Ohio (State of), Series 2015 A, Ref. GO Bonds |
5.00% | 08/01/2025 | 25 | 25,081 | ||||||||
| Ohio (State of), Series 2017 B, Ref. GO Bonds |
5.00% | 09/15/2025 | 145 | 145,837 | ||||||||
| Ohio (State of), Series 2017 C, Ref. GO Bonds |
5.00% | 08/01/2025 | 105 | 105,341 | ||||||||
| Ohio (State of), Series 2020 B, Ref. GO Bonds |
5.00% | 08/01/2025 | 500 | 501,622 | ||||||||
| Ohio (State of) (Garvee), Series 2016-1, RB |
5.00% | 12/15/2025 | 180 | 181,922 | ||||||||
| Ohio (State of) (Garvee), Series 2018 1, RB |
5.00% | 12/15/2025 | 100 | 101,068 | ||||||||
| Ohio (State of) Higher Educational Facility Commission (Kenyon College), Series 2015, Ref. RB |
5.00% | 07/01/2041 | 440 | 440,032 | ||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund), Series 2016, RB |
5.00% | 12/01/2025 | 5 | 5,052 | ||||||||
| Willoughby-Eastlake City School District, Series 2016, GO Bonds(a)(b) |
5.00% | 12/01/2025 | 140 | 141,383 | ||||||||
|
|
|
|||||||||||
| 3,825,798 | ||||||||||||
|
|
|
|||||||||||
| Oklahoma-0.21% |
||||||||||||
| Canadian (County of), OK Educational Facilities Authority (Mustang Public Schools), Series 2017, RB |
4.00% | 09/01/2025 | 75 | 75,113 | ||||||||
| Cleveland (County of), OK Educational Facilities Authority (Norman Public Schools), Series 2019, RB |
5.00% | 06/01/2025 | 65 | 65,000 | ||||||||
| Oklahoma (State of) Capitol Improvement Authority (Department of Transportation), Series 2020, Ref. RB |
5.00% | 07/01/2025 | 130 | 130,192 | ||||||||
| Oklahoma (State of) Development Finance Authority, Series 2015 A, Ref. RB |
4.00% | 08/15/2038 | 55 | 49,947 | ||||||||
| Oklahoma County Independent School District No. 89, Series 2023 A, GO Bonds |
3.00% | 07/01/2025 | 80 | 79,995 | ||||||||
| Tulsa (City of), OK Public Facilities Authority, Series 2019, RB |
5.00% | 06/01/2025 | 100 | 100,000 | ||||||||
|
|
|
|||||||||||
| 500,247 | ||||||||||||
|
|
|
|||||||||||
| Oregon-0.43% |
||||||||||||
| Multnomah County School District No. 1, Series 2020, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 06/15/2025 | 5 | 5,003 | ||||||||
| Multnomah County School District No. 1, Series 2023, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 06/15/2025 | 250 | 250,165 | ||||||||
| Oregon (State of) Department of Transportation, Series 2015 A, Ref. RB |
5.00% | 11/15/2025 | 10 | 10,010 | ||||||||
| Oregon (State of) Department of Transportation, Series 2017 A, RB |
5.00% | 11/15/2025 | 500 | 504,647 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2025 Municipal Bond ETF (BSMP)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Oregon-(continued) |
||||||||||||||
| Oregon (State of) Facilities Authority, Series 2015 A, Ref. RB(a)(b) |
5.00% | 06/12/2025 | $ | 100 | $ | 100,050 | ||||||||
| Washington & Multnomah Counties School District No. 48J Beaverton, Series 2022 B, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 06/15/2025 | 150 | 150,103 | ||||||||||
|
|
|
|||||||||||||
| 1,019,978 | ||||||||||||||
|
|
|
|||||||||||||
| Pennsylvania-4.09% |
||||||||||||||
| Allegheny (County of), PA, Series 2016 C-75, Ref. GO Bonds |
5.00% | 11/01/2025 | 100 | 100,794 | ||||||||||
| Allegheny (County of), PA Hospital Development Authority (University of Pittsburgh Medical Center), Series 2019, Ref. RB |
5.00% | 07/15/2025 | 295 | 295,506 | ||||||||||
| Allegheny (County of), PA Sanitary Authority, Series 2015, Ref. RB |
5.00% | 12/01/2040 | 410 | 412,586 | ||||||||||
| Centre (County of), PA Hospital Authority (Mt. Nittany Medical Center), Series 2016 A, Ref. RB(a)(b) |
5.00% | 11/15/2025 | 15 | 15,120 | ||||||||||
| Commonwealth Financing Authority, Series 2015 A, RB |
5.00% | 06/01/2033 | 600 | 600,722 | ||||||||||
| Commonwealth Financing Authority, Series 2015 A, RB |
5.00% | 06/01/2035 | 285 | 285,104 | ||||||||||
| Delaware (County of), PA Authority (Villanova University), Series 2015, RB |
4.00% | 08/01/2040 | 90 | 86,777 | ||||||||||
| Delaware (State of) River Port Authority, Series 2013, RB |
5.00% | 01/01/2040 | 55 | 55,025 | ||||||||||
| Luzerne (County of), PA, Series 2015 A, Ref. GO Bonds, (INS - AGI)(c) |
5.00% | 11/15/2029 | 225 | 226,752 | ||||||||||
| Pennsylvania (Commonwealth of), First Series 2015, GO Bonds |
5.00% | 03/15/2028 | 500 | 500,645 | ||||||||||
| Pennsylvania (Commonwealth of), First Series 2015, GO Bonds |
5.00% | 03/15/2029 | 195 | 195,239 | ||||||||||
| Pennsylvania (Commonwealth of), First Series 2015, GO Bonds |
5.00% | 03/15/2033 | 100 | 100,101 | ||||||||||
| Pennsylvania (Commonwealth of), First Series 2015, GO Bonds |
4.00% | 03/15/2034 | 90 | 90,003 | ||||||||||
| Pennsylvania (Commonwealth of), First Series 2015, GO Bonds |
4.00% | 03/15/2035 | 15 | 14,869 | ||||||||||
| Pennsylvania (Commonwealth of), First Series 2015, Ref. GO Bonds |
5.00% | 08/15/2025 | 100 | 100,394 | ||||||||||
| Pennsylvania (Commonwealth of), First Series 2015-1, GO Bonds |
5.00% | 03/15/2031 | 1,350 | 1,351,507 | ||||||||||
| Pennsylvania (Commonwealth of), First Series 2016, Ref. GO Bonds |
5.00% | 09/15/2025 | 155 | 155,873 | ||||||||||
| Pennsylvania (Commonwealth of), First Series 2023, GO Bonds |
5.00% | 09/01/2025 | 305 | 306,474 | ||||||||||
| Pennsylvania (Commonwealth of), First Series 2023, Ref. GO Bonds |
5.00% | 09/01/2025 | 140 | 140,677 | ||||||||||
| Pennsylvania (Commonwealth of), Second Series 2015 D, GO Bonds |
5.00% | 08/15/2025 | 90 | 90,354 | ||||||||||
| Pennsylvania (Commonwealth of), Second Series 2015 D, GO Bonds |
5.00% | 08/15/2031 | 100 | 100,288 | ||||||||||
| Pennsylvania (Commonwealth of), Second Series 2015 D, GO Bonds |
5.00% | 08/15/2032 | 30 | 30,082 | ||||||||||
| Pennsylvania (Commonwealth of), Second Series 2015 D, GO Bonds |
4.00% | 08/15/2034 | 50 | 50,003 | ||||||||||
| Pennsylvania (Commonwealth of), Second Series 2015 D, GO Bonds |
4.00% | 08/15/2035 | 85 | 83,875 | ||||||||||
| Pennsylvania (Commonwealth of), Second Series 2016, GO Bonds |
5.00% | 09/15/2025 | 45 | 45,253 | ||||||||||
| Pennsylvania (Commonwealth of), Series 2015 D, GO Bonds |
4.00% | 08/15/2033 | 45 | 45,011 | ||||||||||
| Pennsylvania (Commonwealth of), Series 2022, GO Bonds |
5.00% | 10/01/2025 | 200 | 201,310 | ||||||||||
| Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (University of Pennsylvania Health System), Series 2015, Ref. RB |
5.00% | 08/15/2040 | 105 | 105,121 | ||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2015 A-1, Ref. RB(a)(b) |
4.00% | 06/01/2025 | 50 | 50,000 | ||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2015 A-1, Ref. RB(a)(b) |
5.00% | 06/01/2025 | 5 | 5,000 | ||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2015 A-1, Ref. RB(a)(b) |
5.00% | 06/01/2025 | 1,250 | 1,250,000 | ||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2015 A-1, Ref. RB(a)(b) |
5.00% | 06/01/2025 | 65 | 65,000 | ||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2015 A-1, Ref. RB(a)(b) |
5.00% | 06/01/2025 | 25 | 25,000 | ||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2015 A-1, Ref. RB |
5.00% | 12/01/2038 | 50 | 50,156 | ||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2015 B, RB. |
5.00% | 12/01/2040 | 20 | 20,038 | ||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2016 B, Ref. RB |
5.00% | 06/01/2025 | 50 | 50,000 | ||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2016, Ref. RB |
5.00% | 06/01/2025 | 75 | 75,000 | ||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2016, Ref. RB |
5.00% | 06/01/2027 | 200 | 201,911 | ||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2016, Ref. RB |
5.00% | 06/01/2029 | 25 | 25,196 | ||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2017 A-2, Ref. RB |
5.00% | 12/01/2025 | 40 | 40,395 | ||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2019, Ref. RB |
5.00% | 12/01/2025 | 100 | 100,988 | ||||||||||
| Pennsylvania State University (The), Series 2015 A, RB |
5.00% | 09/01/2040 | 500 | 501,327 | ||||||||||
| Philadelphia (City of), PA, Series 2015 A, Ref. GO Bonds |
5.00% | 08/01/2027 | 15 | 15,037 | ||||||||||
| Philadelphia (City of), PA, Series 2015 B, GO Bonds |
4.00% | 08/01/2035 | 70 | 70,001 | ||||||||||
| Philadelphia (City of), PA, Series 2016, Ref. RB. |
5.00% | 10/01/2025 | 115 | 115,715 | ||||||||||
| Philadelphia (City of), PA, Series 2017 A, Ref. GO Bonds |
5.00% | 08/01/2025 | 40 | 40,120 | ||||||||||
| Philadelphia (City of), PA Authority for Industrial Development (Children’s Hospital of Philadelphia), Series 2024, VRD RB(d) |
1.25% | 07/01/2054 | 1,000 | 1,000,000 | ||||||||||
| Reading School District, Series 2015 A, Ref. GO Bonds, (INS - AGI)(c) |
4.13% | 02/01/2036 | 85 | 85,009 | ||||||||||
| Westmoreland (County of), PA Municipal Authority, Series 2016, Ref. RB, (INS - BAM)(c) |
5.00% | 08/15/2038 | 150 | 150,395 | ||||||||||
|
|
|
|||||||||||||
| 9,721,753 | ||||||||||||||
|
|
|
|||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2025 Municipal Bond ETF (BSMP)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Rhode Island-0.04% |
||||||||||||||||
| Rhode Island Commerce Corp. (Garvee), Series 2016 B, RB |
5.00% | 06/15/2025 | $ | 90 | $ | 90,054 | ||||||||||
|
|
|
|||||||||||||||
| South Carolina-0.97% |
||||||||||||||||
| Charleston Educational Excellence Finance Corp. (Charleston County School), Series 2023, Ref. RB |
5.00% | 12/01/2025 | 90 | 90,858 | ||||||||||||
| Greenville County School District, Series 2023, Ref. RB |
5.00% | 12/01/2025 | 125 | 126,148 | ||||||||||||
| South Carolina (State of) Jobs-Economic Development Authority (Furman University), Series 2015, Ref. RB |
4.00% | 10/01/2038 | 25 | 24,146 | ||||||||||||
| South Carolina (State of) Public Service Authority, Series 2015 A, Ref. RB(a)(b) |
5.00% | 06/02/2025 | 100 | 100,000 | ||||||||||||
| South Carolina (State of) Public Service Authority, Series 2015 A, Ref. RB |
5.00% | 12/01/2050 | 860 | 857,555 | ||||||||||||
| South Carolina (State of) Public Service Authority, Series 2015 E, Ref. RB |
5.25% | 12/01/2055 | 350 | 350,332 | ||||||||||||
| South Carolina (State of) Transportation Infrastructure Bank, Series 2016 A, Ref. RB |
4.00% | 10/01/2028 | 5 | 5,006 | ||||||||||||
| South Carolina (State of) Transportation Infrastructure Bank, Series 2016 A, Ref. RB |
4.00% | 10/01/2031 | 150 | 150,041 | ||||||||||||
| South Carolina (State of) Transportation Infrastructure Bank, Series 2021 B, Ref. RB |
5.00% | 10/01/2025 | 600 | 603,951 | ||||||||||||
|
|
|
|||||||||||||||
| 2,308,037 | ||||||||||||||||
|
|
|
|||||||||||||||
| South Dakota-0.11% |
||||||||||||||||
| South Dakota (State of) Health & Educational Facilities Authority (Sanford Obligated Group), Series 2015, Ref. RB |
5.00% | 11/01/2035 | 255 | 255,856 | ||||||||||||
|
|
|
|||||||||||||||
| Tennessee-0.89% |
||||||||||||||||
| Chattanooga (City of), TN, Series 2015 A, Ref. RB(a)(b) |
5.00% | 09/01/2025 | 130 | 130,443 | ||||||||||||
| Chattanooga (City of), TN, Series 2015 A, Ref. RB(a)(b) |
5.00% | 09/01/2025 | 400 | 401,282 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2015 C, GO Bonds(a)(b) |
4.50% | 07/01/2025 | 85 | 85,102 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2015 C, GO Bonds(a)(b) |
5.00% | 07/01/2025 | 40 | 40,064 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2017, GO Bonds |
5.00% | 07/01/2025 | 5 | 5,008 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2018, GO Bonds |
5.00% | 07/01/2025 | 55 | 55,089 | ||||||||||||
| Shelby (County of), TN Health, Educational & Housing Facilities Board (Methodist Le Bonheur Healthcare), Series 2008, VRD RB, (INS - AGI)(c)(d) |
1.40% | 06/01/2042 | 300 | 300,000 | ||||||||||||
| Tennessee (State of) School Bond Authority, Series 2015 B, RB, (CEP - Colorado Higher Education Intercept Program)(a)(b) |
5.00% | 11/01/2025 | 10 | 10,087 | ||||||||||||
| Tennessee (State of) School Bond Authority, Series 2015 B, RB, (CEP - Colorado Higher Education Intercept Program) |
5.00% | 11/01/2025 | 85 | 85,717 | ||||||||||||
| Tennessee (State of) School Bond Authority, Series 2015 B, RB, (CEP - Colorado Higher Education Intercept Program)(a)(b) |
5.00% | 11/01/2025 | 1,000 | 1,008,731 | ||||||||||||
|
|
|
|||||||||||||||
| 2,121,523 | ||||||||||||||||
|
|
|
|||||||||||||||
| Texas-7.35% |
||||||||||||||||
| Alamo Regional Mobility Authority, Series 2016, RB(a)(b) |
5.00% | 06/15/2025 | 1,000 | 1,000,666 | ||||||||||||
| Austin (City of), TX, Series 2015, Ref. GO Bonds |
5.00% | 09/01/2025 | 15 | 15,072 | ||||||||||||
| Austin Community College District, Series 2015, GO Bonds |
5.00% | 08/01/2035 | 150 | 150,308 | ||||||||||||
| Bexar (County of), TX, Series 2016, Ref. GO Bonds(a)(b) |
4.00% | 06/15/2025 | 250 | 250,078 | ||||||||||||
| Board of Regents of the University of Texas System, Series 2016 C, RB |
5.00% | 08/15/2025 | 10 | 10,040 | ||||||||||||
| Board of Regents of the University of Texas System, Series 2016 C, Ref. RB |
5.00% | 08/15/2025 | 15 | 15,059 | ||||||||||||
| Board of Regents of the University of Texas System, Series 2016 D, RB. |
5.00% | 08/15/2025 | 20 | 20,079 | ||||||||||||
| Board of Regents of the University of Texas System, Series 2017 C, Ref. RB |
5.00% | 08/15/2025 | 350 | 351,385 | ||||||||||||
| Central Texas Regional Mobility Authority, Series 2015 A, RB(a)(b) |
5.00% | 07/01/2025 | 300 | 300,472 | ||||||||||||
| Central Texas Regional Mobility Authority, Series 2015 A, RB(a)(b) |
5.00% | 07/01/2025 | 500 | 500,786 | ||||||||||||
| Clint Independent School District, Series 2015, GO Bonds, (CEP - Texas Permanent School Fund)(a)(b) |
5.00% | 08/15/2025 | 70 | 70,260 | ||||||||||||
| Corpus Christi (City of), TX, Series 2015, RB |
5.00% | 07/15/2040 | 100 | 100,037 | ||||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2023 B, Ref. RB |
5.00% | 11/01/2025 | 5 | 5,035 | ||||||||||||
| Dallas (City of), TX, Series 2015 A, Ref. RB |
5.00% | 10/01/2044 | 1,000 | 1,000,987 | ||||||||||||
| Dallas (City of), TX Area Rapid Transit, Series 2016 A, Ref. RB(a)(b) |
5.00% | 12/01/2025 | 155 | 156,562 | ||||||||||||
| Dallas (City of), TX Area Rapid Transit, Series 2016 A, Ref. RB(a)(b) |
5.00% | 12/01/2025 | 1,500 | 1,515,115 | ||||||||||||
| Dallas (City of), TX Area Rapid Transit, Series 2016 A, Ref. RB(a)(b) |
5.00% | 12/01/2025 | 175 | 176,763 | ||||||||||||
| Dallas (City of), TX Area Rapid Transit, Series 2016 A, Ref. RB(a)(b) |
5.00% | 12/01/2025 | 10 | 10,101 | ||||||||||||
| Dallas (City of), TX Area Rapid Transit, Series 2016 A, Ref. RB(a)(b) |
5.00% | 12/01/2025 | 25 | 25,252 | ||||||||||||
| Dallas (City of), TX Area Rapid Transit, Series 2016 A, Ref. RB(a)(b) |
5.00% | 12/01/2025 | 175 | 176,763 | ||||||||||||
| Dallas (City of), TX Area Rapid Transit, Series 2016 A, Ref. RB(a)(b) |
5.00% | 12/01/2025 | 200 | 202,015 | ||||||||||||
| Dallas College, Series 2022, GO Bonds |
5.00% | 02/15/2035 | 90 | 90,111 | ||||||||||||
| Dallas College, Series 2022, GO Bonds |
5.00% | 02/15/2036 | 50 | 50,051 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2025 Municipal Bond ETF (BSMP)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Texas-(continued) |
||||||||||||||
| Ector County Independent School District, Series 2024 A, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2025 | $ | 30 | $ | 30,113 | ||||||||
| Forney Independent School District, Series 2015, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2037 | 30 | 30,078 | ||||||||||
| Harris (County of), TX, Series 2015 A, Ref. GO Bonds |
5.00% | 10/01/2027 | 80 | 80,488 | ||||||||||
| Harris (County of), TX, Series 2015 A, Ref. GO Bonds |
5.00% | 10/01/2029 | 155 | 155,859 | ||||||||||
| Harris (County of), TX, Series 2016 A, Ref. RB |
5.00% | 08/15/2025 | 380 | 381,550 | ||||||||||
| Harris (County of), TX Metropolitan Transit Authority, Series 2016 A, Ref. RB |
5.00% | 11/01/2025 | 130 | 131,092 | ||||||||||
| Harris (County of), TX Toll Road Authority (The), Series 2022 A, Ref. RB |
5.00% | 08/15/2025 | 215 | 215,811 | ||||||||||
| Harris County Cultural Education Facilities Finance Corp. (Houston Methodist Hospital), Series 2015, RB |
5.00% | 12/01/2045 | 95 | 94,189 | ||||||||||
| Harris County Cultural Education Facilities Finance Corp. (Texas Children’s Hospital), Series 2015, Ref. RB |
5.00% | 10/01/2027 | 15 | 15,084 | ||||||||||
| Houston (City of), TX, Series 2014 D, Ref. RB |
5.00% | 11/15/2028 | 55 | 55,073 | ||||||||||
| Houston (City of), TX, Series 2016 B, Ref. RB |
5.00% | 11/15/2025 | 200 | 201,841 | ||||||||||
| Houston Higher Education Finance Corp. (KIPP, Inc.), Series 2015, Ref. RB, (CEP - Texas Permanent School Fund) |
4.00% | 08/15/2040 | 25 | 23,749 | ||||||||||
| Houston Independent School District, Series 2014, Ref. GO Bonds, (CEP - Texas Permanent School Fund)(a)(b) |
4.00% | 06/02/2025 | 10 | 10,000 | ||||||||||
| Houston Independent School District, Series 2014, Ref. GO Bonds, (CEP - Texas Permanent School Fund)(a)(b) |
4.00% | 06/02/2025 | 45 | 45,000 | ||||||||||
| Kerrville Health Facilities Development Corp. (Peterson Regional Medical Center), Series 2015, Ref. RB |
5.00% | 08/15/2035 | 25 | 24,998 | ||||||||||
| Leander Independent School District, Series 2015 A, Ref. GO Bonds, (CEP - Texas Permanent School Fund)(a)(b) |
5.00% | 08/15/2025 | 555 | 557,003 | ||||||||||
| Lewisville Independent School District, Series 2016 A, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 08/15/2027 | 210 | 210,344 | ||||||||||
| Lewisville Independent School District, Series 2016 B, Ref. GO Bonds |
5.00% | 08/15/2028 | 175 | 175,633 | ||||||||||
| North East Independent School District, Series 2015, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/01/2030 | 15 | 15,044 | ||||||||||
| North East Independent School District, Series 2015, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/01/2031 | 310 | 310,879 | ||||||||||
| North Texas Municipal Water District, Series 2015, Ref. RB |
5.00% | 09/01/2029 | 200 | 200,805 | ||||||||||
| North Texas Municipal Water District, Series 2015, Ref. RB |
5.00% | 09/01/2031 | 10 | 10,037 | ||||||||||
| North Texas Municipal Water District, Series 2015, Ref. RB |
5.00% | 09/01/2032 | 145 | 145,515 | ||||||||||
| North Texas Municipal Water District, Series 2015, Ref. RB |
5.00% | 09/01/2035 | 135 | 135,372 | ||||||||||
| Permanent University Fund - University of Texas System, Series 2014 B, Ref. RB |
5.00% | 07/01/2025 | 145 | 145,197 | ||||||||||
| SA Energy Acquisition Public Facility Corp., Series 2007, RB |
5.50% | 08/01/2025 | 100 | 100,255 | ||||||||||
| San Jacinto River Authority (Groundwater Reduction Plan Division), Series 2011, RB, (INS - AGI)(c) |
5.00% | 10/01/2032 | 215 | 215,184 | ||||||||||
| Tarrant (County of), TX Regional Water District, Series 2015, Ref. RB |
5.00% | 03/01/2029 | 150 | 150,195 | ||||||||||
| Tarrant County Cultural Education Facilities Finance Corp. (Baylor Scott & White Health), Series 2024, Ref. VRD RB(d) |
1.05% | 11/15/2050 | 1,000 | 1,000,000 | ||||||||||
| Texas (State of), Series 2015 A, Ref. GO Bonds |
5.00% | 10/01/2027 | 175 | 175,871 | ||||||||||
| Texas (State of), Series 2015 A, Ref. GO Bonds |
5.00% | 10/01/2028 | 130 | 130,613 | ||||||||||
| Texas (State of), Series 2015 A, Ref. GO Bonds |
5.00% | 10/01/2035 | 205 | 205,438 | ||||||||||
| Texas (State of), Series 2015, Ref. GO Bonds |
5.00% | 10/01/2029 | 75 | 75,329 | ||||||||||
| Texas (State of), Series 2015, Ref. GO Bonds |
5.00% | 10/01/2034 | 50 | 50,132 | ||||||||||
| Texas (State of), Series 2016, Ref. GO Bonds |
5.00% | 10/01/2025 | 90 | 90,605 | ||||||||||
| Texas (State of), Series 2018 A, Ref. GO Bonds |
5.00% | 10/01/2025 | 105 | 105,705 | ||||||||||
| Texas (State of), Series 2020, VRD GO Bonds(d) |
2.05% | 12/01/2050 | 1,300 | 1,300,000 | ||||||||||
| Texas (State of) (Water Financial Assistance), Series 2022 B, Ref. GO Bonds |
5.00% | 08/01/2039 | 405 | 405,114 | ||||||||||
| Texas (State of) (Water Financial Assistance), Series 2022 B, Ref. GO Bonds |
5.00% | 08/01/2040 | 500 | 500,074 | ||||||||||
| Texas (State of) (Water Financial Assistance), Series 2022 B, Ref. GO Bonds |
5.00% | 08/01/2041 | 575 | 575,028 | ||||||||||
| Texas (State of) Transportation Commission State Highway Fund, Series 2015, Ref. RB |
5.00% | 10/01/2025 | 40 | 40,285 | ||||||||||
| Texas (State of) Transportation Commission State Highway Fund, Series 2016 A, RB |
5.00% | 10/01/2025 | 1,000 | 1,007,117 | ||||||||||
| Texas (State of) Water Development Board, Series 2015 A, RB |
5.00% | 10/15/2030 | 305 | 306,702 | ||||||||||
| Texas (State of) Water Development Board, Series 2015 A, RB |
4.00% | 10/15/2033 | 500 | 500,366 | ||||||||||
| Texas (State of) Water Development Board, Series 2015 A, RB |
5.00% | 10/15/2040 | 115 | 115,215 | ||||||||||
| Texas (State of) Water Development Board, Series 2015 A, RB |
5.00% | 10/15/2045 | 100 | 100,154 | ||||||||||
| Texas (State of) Water Development Board, Series 2021, RB |
5.00% | 08/01/2025 | 400 | 401,198 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2025 Municipal Bond ETF (BSMP)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Texas-(continued) |
||||||||||||||
| Trinity River Authority, Series 2016, Ref. RB |
5.00% | 08/01/2025 | $ | 150 | $ | 150,424 | ||||||||
| Ysleta Independent School District, Series 2016, GO Bonds, (CEP - Texas Permanent School Fund)(a)(b) |
5.00% | 08/15/2025 | 170 | 170,683 | ||||||||||
|
|
|
|||||||||||||
| 17,465,438 | ||||||||||||||
|
|
|
|||||||||||||
| Utah-0.69% |
||||||||||||||
| Utah (State of), Series 2018, GO Bonds |
5.00% | 07/01/2025 | 320 | 320,543 | ||||||||||
| Utah (State of), Series 2020 B, Ref. GO Bonds |
5.00% | 07/01/2025 | 85 | 85,144 | ||||||||||
| Utah (State of) Transit Authority, Series 2015 A, Ref. RB(a)(b) |
4.00% | 06/15/2025 | 305 | 305,100 | ||||||||||
| Utah (State of) Transit Authority, Series 2015 A, Ref. RB(a)(b) |
4.00% | 06/15/2025 | 40 | 40,013 | ||||||||||
| Utah (State of) Transit Authority, Series 2015 A, Ref. RB(a)(b) |
4.00% | 06/15/2025 | 45 | 45,015 | ||||||||||
| Utah (State of) Transit Authority, Series 2015 A, Ref. RB(a)(b) |
5.00% | 06/15/2025 | 60 | 60,041 | ||||||||||
| Utah (State of) Transit Authority, Series 2015 A, Ref. RB(a)(b) |
5.00% | 06/15/2025 | 80 | 80,055 | ||||||||||
| Utah (State of) Transit Authority, Series 2015 A, Ref. RB(a)(b) |
5.00% | 06/15/2025 | 130 | 130,089 | ||||||||||
| Utah (State of) Transit Authority, Series 2015 A, Ref. RB |
5.00% | 06/15/2025 | 30 | 30,021 | ||||||||||
| Utah (State of) Transit Authority, Series 2015 A, Ref. RB(a)(b) |
5.00% | 06/15/2025 | 30 | 30,020 | ||||||||||
| Utah (State of) Transit Authority, Series 2015 A, Ref. RB(a)(b) |
5.00% | 06/15/2025 | 115 | 115,079 | ||||||||||
| Utah (State of) Transit Authority, Series 2015 A, Ref. RB(a)(b) |
5.00% | 06/15/2025 | 30 | 30,021 | ||||||||||
| Utah (State of) Transit Authority, Series 2015 A, Ref. RB(a)(b) |
5.00% | 06/15/2025 | 125 | 125,086 | ||||||||||
| Utah (State of) Transit Authority, Series 2015 A, Ref. RB(a)(b) |
5.00% | 06/15/2025 | 250 | 250,171 | ||||||||||
|
|
|
|||||||||||||
| 1,646,398 | ||||||||||||||
|
|
|
|||||||||||||
| Vermont-0.03% |
||||||||||||||
| University of Vermont and State Agricultural College, Series 2015, Ref. RB |
5.00% | 10/01/2040 | 55 | 55,051 | ||||||||||
| University of Vermont and State Agricultural College, Series 2015, Ref. RB |
5.00% | 10/01/2045 | 20 | 20,006 | ||||||||||
|
|
|
|||||||||||||
| 75,057 | ||||||||||||||
|
|
|
|||||||||||||
| Virginia-1.18% |
||||||||||||||
| Fairfax (County of), VA, Series 2020 A, Ref. GO Bonds |
4.00% | 10/01/2025 | 75 | 75,262 | ||||||||||
| Fairfax (County of), VA Economic Development Authority (Smithsonian Institution), Series 2003 A, VRD RB(d) |
1.87% | 12/01/2033 | 500 | 500,000 | ||||||||||
| Hampton Roads Sanitation District, Series 2024 A, Ref. RB |
5.00% | 11/01/2025 | 25 | 25,217 | ||||||||||
| Upper Occoquan Sewage Authority, Series 2014, Ref. RB(a)(b) |
5.00% | 07/01/2025 | 500 | 500,807 | ||||||||||
| Virginia (Commonwealth of) College Building Authority, Series 2016 A, Ref. RB, (CEP - Colorado Higher Education Intercept Program) |
3.00% | 09/01/2025 | 40 | 39,974 | ||||||||||
| Virginia (Commonwealth of) College Building Authority (Public Higher Education Financing), Series 2015 B, Ref. RB, (CEP - Colorado Higher Education Intercept Program) |
5.00% | 09/01/2025 | 120 | 120,595 | ||||||||||
| Virginia (Commonwealth of) College Building Authority (Public Higher Education Financing), Series 2015 B, Ref. RB, (CEP - Colorado Higher Education Intercept Program) |
5.00% | 09/01/2028 | 30 | 30,139 | ||||||||||
| Virginia (Commonwealth of) Public Building Authority, Series 2015 A, RB |
4.00% | 08/01/2033 | 1,000 | 1,000,381 | ||||||||||
| Virginia (Commonwealth of) Public Building Authority, Series 2016 B, Ref. RB. |
5.00% | 08/01/2025 | 65 | 65,211 | ||||||||||
| Virginia (Commonwealth of) Public School Authority, Series 2014 B, Ref. RB, (CEP - Colorado Higher Education Intercept Program) |
4.00% | 08/01/2025 | 90 | 90,051 | ||||||||||
| Virginia (Commonwealth of) Public School Authority, Series 2015, Ref. RB, (CEP - Colorado Higher Education Intercept Program) |
5.00% | 08/01/2025 | 275 | 275,892 | ||||||||||
| Virginia (Commonwealth of) Transportation Board (Garvee), Series 2017, Ref. RB |
5.00% | 09/15/2025 | 80 | 80,460 | ||||||||||
|
|
|
|||||||||||||
| 2,803,989 | ||||||||||||||
|
|
|
|||||||||||||
| Washington-3.55% |
||||||||||||||
| Central Puget Sound Regional Transit Authority (Green Bonds), Series 2015 S-1, Ref. RB(a)(b) |
4.00% | 11/01/2025 | 1,000 | 1,004,238 | ||||||||||
| Central Puget Sound Regional Transit Authority (Green Bonds), Series 2015 S-1, Ref. RB(a)(b) |
4.00% | 11/01/2025 | 125 | 125,530 | ||||||||||
| Central Puget Sound Regional Transit Authority (Green Bonds), Series 2015 S-1, Ref. RB(a)(b) |
4.00% | 11/01/2025 | 20 | 20,085 | ||||||||||
| Central Puget Sound Regional Transit Authority (Green Bonds), Series 2015 S-1, Ref. RB(a)(b) |
5.00% | 11/01/2025 | 125 | 126,039 | ||||||||||
| Central Puget Sound Regional Transit Authority (Green Bonds), Series 2015 S-1, Ref. RB(a)(b) |
5.00% | 11/01/2025 | 135 | 136,123 | ||||||||||
| Central Puget Sound Regional Transit Authority (Green Bonds), Series 2015 S-1, Ref. RB(a)(b) |
5.00% | 11/01/2025 | 75 | 75,624 | ||||||||||
| Central Puget Sound Regional Transit Authority (Green Bonds), Series 2015 S-1, Ref. RB(a)(b) |
5.00% | 11/01/2025 | 160 | 161,330 | ||||||||||
| Central Puget Sound Regional Transit Authority (Green Bonds), Series 2015 S-1, Ref. RB(a)(b) |
5.00% | 11/01/2025 | 80 | 80,665 | ||||||||||
| Central Puget Sound Regional Transit Authority (Green Bonds), Series 2015 S-1, Ref. RB(a)(b) |
5.00% | 11/01/2025 | 1,015 | 1,023,441 | ||||||||||
| Central Puget Sound Regional Transit Authority (Green Bonds), Series 2015 S-1, Ref. RB(a)(b) |
5.00% | 11/01/2025 | 5 | 5,041 | ||||||||||
| Central Puget Sound Regional Transit Authority (Green Bonds), Series 2015 S-1, Ref. RB(a)(b) |
5.00% | 11/01/2025 | 145 | 146,206 | ||||||||||
| Energy Northwest (Bonneville Power Administration), Series 2016 A, Ref. RB(a) |
5.00% | 07/01/2025 | 255 | 255,369 | ||||||||||
| Energy Northwest (Columbia Generating Station), Series 2015 A, Ref. RB(a)(b) |
5.00% | 07/01/2025 | 75 | 75,109 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2025 Municipal Bond ETF (BSMP)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| Washington-(continued) |
||||||||||||
| Energy Northwest (Columbia Generating Station), Series 2015 A, Ref. RB(a)(b) |
5.00% | 07/01/2025 | $ | 100 | $ | 100,145 | ||||||
| Energy Northwest (Columbia Generating Station), Series 2015 A, Ref. RB(a)(b) |
5.00% | 07/01/2025 | 180 | 180,261 | ||||||||
| Energy Northwest (Columbia Generating Station), Series 2015 C, Ref. RB(a)(b) |
5.00% | 07/01/2025 | 500 | 500,725 | ||||||||
| Energy Northwest (No. 3), Series 2018, Ref. RB(a) |
5.00% | 07/01/2025 | 510 | 510,739 | ||||||||
| Energy Northwest (Project No. 3), Series 2017 A, Ref. RB(a) |
5.00% | 07/01/2025 | 5 | 5,007 | ||||||||
| King (County of), WA, Series 2016 B, Ref. RB |
5.00% | 07/01/2025 | 90 | 90,133 | ||||||||
| King County School District No. 403 Renton, Series 2016, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2028 | 25 | 25,195 | ||||||||
| King County School District No. 411 Issaquah, Series 2015, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2025 | 50 | 50,046 | ||||||||
| King County School District No. 411 Issaquah, Series 2015, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
3.50% | 12/01/2028 | 40 | 40,003 | ||||||||
| Pierce County School District No. 10 Tacoma, Series 2015, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty)(a)(b) |
5.00% | 12/01/2025 | 435 | 439,405 | ||||||||
| Pierce County School District No. 10 Tacoma, Series 2015, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty)(a)(b) |
5.00% | 12/01/2025 | 210 | 212,126 | ||||||||
| Pierce County School District No. 10 Tacoma, Series 2015, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2028 | 35 | 35,272 | ||||||||
| Pierce County School District No. 10 Tacoma (Social Bonds), Series 2020 B, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2025 | 60 | 60,569 | ||||||||
| Seattle (Port of), WA, Series 2022 A, Ref. RB |
5.00% | 08/01/2025 | 160 | 160,498 | ||||||||
| Snohomish (County of), WA Public Utility District No. 1, Series 2015, RB |
5.00% | 12/01/2037 | 15 | 15,039 | ||||||||
| Snohomish (County of), WA Public Utility District No. 1, Series 2015, RB |
5.00% | 12/01/2045 | 20 | 20,052 | ||||||||
| Snohomish County School District No. 15 Edmonds, Series 2024, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2025 | 25 | 25,247 | ||||||||
| Snohomish County School District No. 201 Snohomish, Series 2016, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2027 | 10 | 10,079 | ||||||||
| University of Washington, Series 2015 B, Ref. RB(a)(b) |
4.00% | 06/01/2025 | 95 | 95,000 | ||||||||
| Washington (State of), Series 2015 A-1, GO Bonds(a)(b) |
5.00% | 08/01/2025 | 200 | 200,599 | ||||||||
| Washington (State of), Series 2015 A-1, GO Bonds(a)(b) |
5.00% | 08/01/2025 | 1,000 | 1,002,994 | ||||||||
| Washington (State of), Series 2015 A-1, GO Bonds(a)(b) |
5.00% | 08/01/2025 | 45 | 45,135 | ||||||||
| Washington (State of), Series 2015 A-1, GO Bonds(a)(b) |
5.00% | 08/01/2025 | 65 | 65,195 | ||||||||
| Washington (State of), Series 2016 B, Ref. GO Bonds |
5.00% | 07/01/2025 | 200 | 200,313 | ||||||||
| Washington (State of), Series 2016 B, Ref. GO Bonds |
5.00% | 08/01/2025 | 65 | 65,210 | ||||||||
| Washington (State of), Series 2017 R, Ref. GO Bonds |
5.00% | 08/01/2025 | 105 | 105,339 | ||||||||
| Washington (State of), Series R-2018D, Ref. GO Bonds |
5.00% | 08/01/2025 | 290 | 290,936 | ||||||||
| Washington (State of), Series R-2022D, Ref. GO Bonds |
5.00% | 07/01/2025 | 325 | 325,508 | ||||||||
| Washington (State of), Series R-2024C, Ref. GO Bonds |
5.00% | 08/01/2025 | 60 | 60,194 | ||||||||
| Washington (State of) (Bid Group 1), Series R-2022C, Ref. GO Bonds |
5.00% | 07/01/2025 | 5 | 5,008 | ||||||||
| Washington (State of) Health Care Facilities Authority (Central Washington Health Services Association), Series 2015, Ref. RB |
4.00% | 07/01/2036 | 110 | 105,377 | ||||||||
| Washington (State of) Health Care Facilities Authority (Central Washington Health Services Association), Series 2015, Ref. RB |
5.00% | 07/01/2039 | 75 | 74,019 | ||||||||
| Washington (State of) Health Care Facilities Authority (Multicare Health System), Series 2015 B, Ref. RB. |
5.00% | 08/15/2028 | 45 | 45,007 | ||||||||
| Washington (State of) Health Care Facilities Authority (Multicare Health System), Series 2015 B, Ref. RB. |
5.00% | 08/15/2030 | 35 | 35,000 | ||||||||
|
|
|
|||||||||||
| 8,436,175 | ||||||||||||
|
|
|
|||||||||||
| West Virginia-0.06% |
||||||||||||
| West Virginia (State of), Series 2015 A, Ref. GO Bonds |
5.00% | 06/01/2025 | 75 | 75,000 | ||||||||
| West Virginia (State of) Commissioner of Highways (Surface Transportation), Series 2017 A, RB |
5.00% | 09/01/2025 | 60 | 60,267 | ||||||||
|
|
|
|||||||||||
| 135,267 | ||||||||||||
|
|
|
|||||||||||
| Wisconsin-0.82% |
||||||||||||
| University of Wisconsin Hospitals & Clinics, Series 2018 B, Ref. VRD RB(d) |
1.25% | 04/01/2048 | 1,000 | 1,000,000 | ||||||||
| Waushara (County of), WI, Series 2022 A, RB |
4.50% | 06/01/2027 | 500 | 500,386 | ||||||||
| Wisconsin (State of) Department of Transportation, Series 2017-1, Ref. RB |
5.00% | 07/01/2025 | 35 | 35,055 | ||||||||
| Wisconsin (State of) Department of Transportation, Series 2017-2, Ref. RB |
5.00% | 07/01/2025 | 50 | 50,079 | ||||||||
| Wisconsin (State of) Health & Educational Facilities Authority (Ascension Health Credit Group), Series 2019, Ref. RB |
5.00% | 11/15/2025 | 100 | 100,826 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2025 Municipal Bond ETF (BSMP)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| Wisconsin-(continued) |
||||||||||||
| Wisconsin (State of) Health & Educational Facilities Authority (Mercy Alliance), Series 2012, RB |
5.00% | 06/01/2039 | $ | 140 | $ | 140,110 | ||||||
| Wisconsin (State of) Public Finance Authority, Series 2023 D, VRD Ref. RB, (LOC - Truist Bank)(d)(e) |
1.95% | 10/01/2044 | 130 | 130,000 | ||||||||
|
|
|
|||||||||||
| 1,956,456 | ||||||||||||
|
|
|
|||||||||||
| TOTAL INVESTMENTS IN
SECURITIES(f)-93.09% |
221,101,964 | |||||||||||
| OTHER ASSETS LESS LIABILITIES-6.91% |
16,400,874 | |||||||||||
|
|
|
|||||||||||
| NET ASSETS-100.00% |
$ | 237,502,838 | ||||||||||
|
|
|
|||||||||||
| Investment Abbreviations: | ||
| AGI | -Assured Guaranty, Inc. | |
| BAM | -Build America Mutual Assurance Co. | |
| CEP | -Credit Enhancement Provider | |
| COP | -Certificates of Participation | |
| GO | -General Obligation | |
| INS | -Insurer | |
| LOC | -Letter of Credit | |
| NATL | -National Public Finance Guarantee Corp. | |
| RAC | -Revenue Anticipation Certificates | |
| RB | -Revenue Bonds | |
| Ref. | -Refunding | |
| RN | -Revenue Notes | |
| VRD | -Variable Rate Demand | |
Notes to Schedule of Investments:
| (a) | Advance refunded; secured by an escrow fund of U.S. Government obligations or other highly rated collateral. |
| (b) | Security has an irrevocable call by the issuer or mandatory put by the holder. Maturity date reflects such call or put. |
| (c) | Principal and/or interest payments are secured by the bond insurance company listed. |
| (d) | Demand security payable upon demand by the Fund at specified time intervals no greater than thirteen months. Interest rate is redetermined periodically by the issuer or agent based on current market conditions. Rate shown is the rate in effect on May 31, 2025. |
| (e) | Principal and interest payments are fully enhanced by a letter of credit from the bank listed or a predecessor bank, branch or subsidiary. |
| (f) | Entities may either issue, guarantee, back or otherwise enhance the credit quality of a security. The entities are not primarily responsible for the issuer’s obligations but may be called upon to satisfy the issuer’s obligations. No concentration of any single entity was greater than 5% each. |
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Municipal Obligations-98.25% |
||||||||||||||||
| Alabama-0.48% |
||||||||||||||||
| Alabama (State of) Economic Settlement Authority, Series 2016 A, RB |
4.00% | 09/15/2033 | $ | 225 | $ | 220,064 | ||||||||||
| Alabama (State of) Federal Aid Highway Finance Authority (Garvee), Series 2017 B, Ref. RB(a) |
5.00% | 09/01/2026 | 20 | 20,483 | ||||||||||||
| Alabama (State of) Public School & College Authority (Social Bonds), Series 2020 A, Ref. RB |
5.00% | 11/01/2026 | 330 | 339,549 | ||||||||||||
| Alhambra Unified School District, Series 2016 B, RB |
4.00% | 10/01/2043 | 10 | 8,896 | ||||||||||||
| Auburn University, Series 2016 A, Ref. RB |
5.00% | 06/01/2038 | 40 | 40,604 | ||||||||||||
| Birmingham (City of), AL Special Care Facilities Financing Authority (Ascension Senior Credit Group), Series 2016, Ref. RB |
5.00% | 11/15/2046 | 150 | 149,173 | ||||||||||||
| Homewood (City of), AL, Series 2016, Ref. GO Bonds(a)(b) |
5.25% | 09/01/2026 | 30 | 30,835 | ||||||||||||
| Jefferson (County of), AL, Series 2024, Ref. RB |
5.00% | 10/01/2026 | 5 | 5,118 | ||||||||||||
| Mobile (City of), AL Infirmary Health System Special Care Facilities Financing Authority (Infirmary Health System, Inc.), Series 2016 A, RB |
5.00% | 02/01/2036 | 25 | 25,093 | ||||||||||||
| Mobile (City of), AL Infirmary Health System Special Care Facilities Financing Authority (Infirmary Health System, Inc.), Series 2016, RB |
5.00% | 02/01/2041 | 100 | 99,705 | ||||||||||||
| Tuscaloosa (City of), AL Board of Education, Series 2016, Revenue Wts.(a)(b) |
5.00% | 08/01/2026 | 50 | 51,183 | ||||||||||||
| Tuscaloosa (City of), AL Board of Education, Series 2016, Revenue Wts.(a)(b) |
5.00% | 08/01/2026 | 70 | 71,656 | ||||||||||||
| UAB Medicine Finance Authority, Series 2016 B, Ref. RB |
5.00% | 09/01/2034 | 55 | 55,742 | ||||||||||||
| UAB Medicine Finance Authority, Series 2016 B, Ref. RB |
5.00% | 09/01/2035 | 85 | 86,055 | ||||||||||||
| UAB Medicine Finance Authority, Series 2016 B, Ref. RB |
3.63% | 09/01/2041 | 20 | 17,854 | ||||||||||||
| UAB Medicine Finance Authority, Series 2016 B, Ref. RB |
5.00% | 09/01/2041 | 125 | 125,122 | ||||||||||||
|
|
|
|||||||||||||||
| 1,347,132 | ||||||||||||||||
|
|
|
|||||||||||||||
| Alaska-0.08% |
||||||||||||||||
| North Slope (Borough of), AK, Series 2021 C, GO Bonds |
4.00% | 06/30/2026 | 210 | 212,719 | ||||||||||||
|
|
|
|||||||||||||||
| Arizona-1.06% |
||||||||||||||||
| Arizona (State of), Series 2019 A, Ref. COP(a) |
5.00% | 10/01/2026 | 220 | 226,121 | ||||||||||||
| Arizona (State of) Department of Transportation, Series 2016, Ref. RB |
5.00% | 07/01/2029 | 15 | 15,276 | ||||||||||||
| Arizona (State of) Department of Transportation, Series 2016, Ref. RB |
5.00% | 07/01/2032 | 35 | 35,587 | ||||||||||||
| Arizona (State of) Department of Transportation, Series 2016, Ref. RB |
5.00% | 07/01/2033 | 500 | 507,698 | ||||||||||||
| Arizona (State of) Department of Transportation, Series 2016, Ref. RB |
5.00% | 07/01/2034 | 20 | 20,291 | ||||||||||||
| Arizona (State of) Sports & Tourism Authority, Series 2022, Ref. RB, (INS - BAM)(c) |
5.00% | 07/01/2026 | 100 | 102,086 | ||||||||||||
| Arizona (State of) Transportation Board (Garvee), Series 2016, Ref. RB |
5.00% | 07/01/2026 | 130 | 132,991 | ||||||||||||
| Glendale (City of), AZ Industrial Development Authority (Sun Health Services), Series 2019 A, Ref. RB |
5.00% | 11/15/2042 | 20 | 19,539 | ||||||||||||
| Maricopa (County of), AZ Industrial Development Authority (Banner Health Obligated Group), Series 2016, Ref. RB |
5.00% | 01/01/2026 | 30 | 30,313 | ||||||||||||
| Maricopa (County of), AZ Special Health Care District (Maricopa Integrated Health), Series 2018 C, GO Bonds |
5.00% | 07/01/2026 | 30 | 30,668 | ||||||||||||
| Mesa (City of), AZ, Series 2016, Ref. RB |
4.00% | 07/01/2031 | 120 | 120,355 | ||||||||||||
| Mesa (City of), AZ, Series 2016, Ref. RB |
4.00% | 07/01/2032 | 575 | 576,107 | ||||||||||||
| Mesa (City of), AZ, Series 2017, Ref. RB |
4.00% | 07/01/2026 | 5 | 5,060 | ||||||||||||
| Phoenix (City of), AZ, Series 2016, Ref. GO Bonds |
5.00% | 07/01/2026 | 80 | 81,815 | ||||||||||||
| Phoenix Civic Improvement Corp., Series 2016, Ref. RB |
5.00% | 07/01/2032 | 15 | 15,221 | ||||||||||||
| Phoenix Civic Improvement Corp., Series 2016, Ref. RB |
5.00% | 07/01/2033 | 30 | 30,420 | ||||||||||||
| Phoenix Civic Improvement Corp., Series 2016, Ref. RB |
5.00% | 07/01/2035 | 95 | 96,190 | ||||||||||||
| Phoenix Civic Improvement Corp., Series 2017, Ref. RB |
5.00% | 07/01/2026 | 70 | 71,566 | ||||||||||||
| Phoenix Civic Improvement Corp., Series 2017, Ref. RB |
5.00% | 07/01/2026 | 5 | 5,113 | ||||||||||||
| Phoenix Civic Improvement Corp., Series 2017, Ref. RB |
5.00% | 07/01/2028 | 10 | 10,184 | ||||||||||||
| Phoenix Civic Improvement Corp., Series 2017, Ref. RB |
5.00% | 07/01/2029 | 50 | 50,903 | ||||||||||||
| Phoenix Civic Improvement Corp., Series 2017, Ref. RB |
5.00% | 07/01/2030 | 70 | 71,227 | ||||||||||||
| Phoenix Civic Improvement Corp., Series 2017, Ref. RB |
5.00% | 07/01/2032 | 20 | 20,331 | ||||||||||||
| Phoenix Civic Improvement Corp., Series 2017, Ref. RB |
5.00% | 07/01/2033 | 110 | 111,729 | ||||||||||||
| Phoenix Civic Improvement Corp., Series 2017, Ref. RB |
5.00% | 07/01/2034 | 25 | 25,372 | ||||||||||||
| Phoenix Civic Improvement Corp., Series 2017, Ref. RB |
5.00% | 07/01/2037 | 100 | 101,190 | ||||||||||||
| Phoenix Civic Improvement Corp., Series 2021 B, Ref. RB |
5.00% | 07/01/2026 | 85 | 86,928 | ||||||||||||
| Pima (County of), AZ, Series 2016, Ref. RB |
5.00% | 07/01/2026 | 5 | 5,118 | ||||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2017, Ref. RB |
5.00% | 01/01/2026 | 70 | 70,840 | ||||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2021 A, Ref. RB |
5.00% | 01/01/2026 | 110 | 111,320 | ||||||||||||
| University of Arizona Board of Regents (Green Bonds), Series 2016 B, RB |
5.00% | 07/01/2042 | 200 | 200,403 | ||||||||||||
|
|
|
|||||||||||||||
| 2,987,962 | ||||||||||||||||
|
|
|
|||||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| California-17.97% |
||||||||||||||||
| Alameda (City of), CA Corridor Transportation Authority, Series 2016 B, Ref. RB, (INS - AGI)(c) |
4.00% | 10/01/2037 | $ | 100 | $ | 97,820 | ||||||||||
| Alameda (County of), CA Joint Powers Authority (Highland Hospital Project), Series 2023, Ref. RB |
5.00% | 12/01/2026 | 20 | 20,701 | ||||||||||||
| Alameda (County of), CA Joint Powers Authority (Juvenile Justice), Series 2016, Ref. RB |
4.00% | 12/01/2034 | 25 | 25,017 | ||||||||||||
| Bay Area Toll Authority (San Francisco Bay Area), Series 2017, Ref. RB |
5.00% | 04/01/2026 | 70 | 71,287 | ||||||||||||
| California (State of), Series 2016, GO Bonds |
5.00% | 09/01/2026 | 5 | 5,139 | ||||||||||||
| California (State of), Series 2016, GO Bonds |
5.00% | 09/01/2026 | 110 | 113,067 | ||||||||||||
| California (State of), Series 2016, GO Bonds |
5.00% | 09/01/2028 | 80 | 81,953 | ||||||||||||
| California (State of), Series 2016, GO Bonds |
5.00% | 09/01/2029 | 25 | 25,592 | ||||||||||||
| California (State of), Series 2016, GO Bonds |
4.00% | 09/01/2031 | 75 | 75,346 | ||||||||||||
| California (State of), Series 2016, GO Bonds |
4.00% | 09/01/2032 | 5 | 5,001 | ||||||||||||
| California (State of), Series 2016, GO Bonds |
4.00% | 09/01/2032 | 95 | 95,011 | ||||||||||||
| California (State of), Series 2016, GO Bonds |
5.00% | 09/01/2045 | 165 | 166,642 | ||||||||||||
| California (State of), Series 2016, GO Bonds |
3.00% | 09/01/2046 | 5 | 3,788 | ||||||||||||
| California (State of), Series 2016, Ref. GO Bonds |
3.25% | 09/01/2028 | 60 | 60,118 | ||||||||||||
| California (State of), Series 2016, Ref. GO Bonds |
4.00% | 09/01/2028 | 50 | 50,443 | ||||||||||||
| California (State of), Series 2016, Ref. GO Bonds |
5.00% | 09/01/2028 | 200 | 204,882 | ||||||||||||
| California (State of), Series 2016, Ref. GO Bonds |
5.00% | 08/01/2029 | 35 | 35,776 | ||||||||||||
| California (State of), Series 2016, Ref. GO Bonds |
5.00% | 09/01/2029 | 700 | 716,568 | ||||||||||||
| California (State of), Series 2016, Ref. GO Bonds |
5.00% | 09/01/2029 | 35 | 35,828 | ||||||||||||
| California (State of), Series 2016, Ref. GO Bonds |
5.00% | 09/01/2030 | 200 | 204,585 | ||||||||||||
| California (State of), Series 2016, Ref. GO Bonds |
5.00% | 09/01/2030 | 20 | 20,459 | ||||||||||||
| California (State of), Series 2016, Ref. GO Bonds |
4.00% | 09/01/2031 | 440 | 442,033 | ||||||||||||
| California (State of), Series 2016, Ref. GO Bonds |
5.00% | 09/01/2031 | 225 | 229,992 | ||||||||||||
| California (State of), Series 2016, Ref. GO Bonds |
4.00% | 09/01/2032 | 80 | 80,009 | ||||||||||||
| California (State of), Series 2016, Ref. GO Bonds |
5.00% | 09/01/2032 | 430 | 439,116 | ||||||||||||
| California (State of), Series 2016, Ref. GO Bonds |
5.00% | 09/01/2032 | 180 | 183,816 | ||||||||||||
| California (State of), Series 2016, Ref. GO Bonds |
4.00% | 09/01/2033 | 55 | 54,844 | ||||||||||||
| California (State of), Series 2016, Ref. GO Bonds |
4.00% | 09/01/2033 | 65 | 64,815 | ||||||||||||
| California (State of), Series 2016, Ref. GO Bonds |
5.00% | 09/01/2033 | 105 | 107,097 | ||||||||||||
| California (State of), Series 2016, Ref. GO Bonds |
4.00% | 09/01/2034 | 775 | 769,839 | ||||||||||||
| California (State of), Series 2016, Ref. GO Bonds |
4.00% | 09/01/2034 | 20 | 19,867 | ||||||||||||
| California (State of), Series 2016, Ref. GO Bonds |
5.00% | 09/01/2034 | 5 | 5,094 | ||||||||||||
| California (State of), Series 2016, Ref. GO Bonds |
5.00% | 09/01/2034 | 45 | 45,849 | ||||||||||||
| California (State of), Series 2016, Ref. GO Bonds |
4.00% | 09/01/2035 | 535 | 529,983 | ||||||||||||
| California (State of), Series 2016, Ref. GO Bonds |
4.00% | 09/01/2035 | 45 | 44,578 | ||||||||||||
| California (State of), Series 2016, Ref. GO Bonds |
5.00% | 09/01/2035 | 25 | 25,438 | ||||||||||||
| California (State of), Series 2016, Ref. GO Bonds |
4.00% | 09/01/2036 | 80 | 78,972 | ||||||||||||
| California (State of), Series 2016, Ref. GO Bonds |
4.00% | 09/01/2036 | 65 | 64,164 | ||||||||||||
| California (State of), Series 2016, Ref. GO Bonds |
5.00% | 09/01/2036 | 10 | 10,157 | ||||||||||||
| California (State of), Series 2016, Ref. GO Bonds |
4.00% | 09/01/2037 | 35 | 34,304 | ||||||||||||
| California (State of), Series 2016, Ref. GO Bonds |
5.00% | 09/01/2037 | 60 | 60,845 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
5.00% | 08/01/2026 | 275 | 282,144 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
5.00% | 08/01/2026 | 175 | 179,546 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
5.00% | 11/01/2026 | 300 | 309,525 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
5.00% | 08/01/2029 | 90 | 91,994 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
4.00% | 08/01/2030 | 5 | 5,031 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
4.00% | 08/01/2031 | 25 | 25,110 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
5.00% | 08/01/2031 | 5 | 5,104 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
4.00% | 08/01/2032 | 5 | 5,010 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
5.00% | 08/01/2032 | 85 | 86,687 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
5.00% | 08/01/2033 | 155 | 157,917 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
4.00% | 08/01/2034 | 100 | 99,405 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
5.00% | 08/01/2034 | 500 | 508,835 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
4.00% | 08/01/2036 | 50 | 49,404 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
5.00% | 08/01/2036 | 100 | 101,481 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
5.00% | 08/01/2037 | 5 | 5,067 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
4.00% | 08/01/2038 | 50 | 48,700 | ||||||||||||
| California (State of), Series 2018, GO Bonds |
5.00% | 10/01/2026 | 1,260 | 1,297,560 | ||||||||||||
| California (State of), Series 2018, GO Bonds |
5.00% | 10/01/2026 | 2,015 | 2,053,052 | ||||||||||||
| California (State of), Series 2018, GO Bonds |
5.25% | 10/01/2039 | 25 | 25,272 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| California-(continued) |
||||||||||||||||
| California (State of), Series 2018, GO Bonds |
5.00% | 10/01/2047 | $ | 350 | $ | 352,039 | ||||||||||
| California (State of), Series 2018, Ref. GO Bonds |
5.00% | 10/01/2029 | 215 | 218,384 | ||||||||||||
| California (State of), Series 2019, Ref. GO Bonds |
5.00% | 04/01/2026 | 500 | 509,317 | ||||||||||||
| California (State of), Series 2019, Ref. GO Bonds |
5.00% | 10/01/2026 | 80 | 82,385 | ||||||||||||
| California (State of), Series 2020, GO Bonds |
3.00% | 03/01/2026 | 100 | 100,027 | ||||||||||||
| California (State of), Series 2020, GO Bonds |
5.00% | 11/01/2026 | 15 | 15,476 | ||||||||||||
| California (State of), Series 2020, Ref. GO Bonds |
4.00% | 11/01/2026 | 30 | 30,539 | ||||||||||||
| California (State of), Series 2021, GO Bonds |
5.00% | 12/01/2031 | 15 | 15,265 | ||||||||||||
| California (State of), Series 2021, GO Bonds |
5.00% | 12/01/2032 | 20 | 20,337 | ||||||||||||
| California (State of), Series 2021, GO Bonds |
5.00% | 12/01/2034 | 10 | 10,149 | ||||||||||||
| California (State of), Series 2021, Ref. GO Bonds |
4.00% | 10/01/2026 | 5 | 5,084 | ||||||||||||
| California (State of), Series 2021, Ref. GO Bonds |
5.00% | 12/01/2026 | 400 | 413,303 | ||||||||||||
| California (State of), Series 2022 A, Ref. GO Bonds |
5.00% | 11/01/2026 | 65 | 67,064 | ||||||||||||
| California (State of), Series 2022, GO Bonds |
5.00% | 04/01/2026 | 20 | 20,373 | ||||||||||||
| California (State of), Series 2023, Ref. GO Bonds |
5.00% | 09/01/2026 | 435 | 447,130 | ||||||||||||
| California (State of), Series 2024, Ref. GO Bonds |
5.00% | 08/01/2026 | 290 | 297,534 | ||||||||||||
| California (State of), Subseries 2018, Ref. GO Bonds |
5.00% | 09/01/2031 | 85 | 86,886 | ||||||||||||
| California (State of), Subseries 2018, Ref. GO Bonds |
4.00% | 09/01/2032 | 50 | 50,006 | ||||||||||||
| California (State of), Subseries 2018, Ref. GO Bonds |
4.00% | 09/01/2033 | 50 | 49,858 | ||||||||||||
| California (State of) (Bid Group C), Series 2016, Ref. GO Bonds |
5.00% | 08/01/2028 | 120 | 122,742 | ||||||||||||
| California (State of) (Bid Group C), Series 2016, Ref. GO Bonds |
5.00% | 08/01/2030 | 55 | 56,181 | ||||||||||||
| California (State of) (Bid Group C), Series 2016, Ref. GO Bonds |
5.00% | 08/01/2033 | 280 | 285,269 | ||||||||||||
| California (State of) (Bid Group C), Series 2018, Ref. GO Bonds |
5.00% | 08/01/2026 | 50 | 51,299 | ||||||||||||
| California (State of) Department of Water Resources, Series 2016 AW, Ref. RB(a)(b) |
5.00% | 12/01/2026 | 20 | 20,683 | ||||||||||||
| California (State of) Department of Water Resources, Series 2016 AW, Ref. RB |
5.00% | 12/01/2026 | 50 | 51,887 | ||||||||||||
| California (State of) Department of Water Resources, Series 2016 AW, Ref. RB |
5.00% | 12/01/2030 | 70 | 72,009 | ||||||||||||
| California (State of) Department of Water Resources, Series 2016 AW, Ref. RB |
5.00% | 12/01/2031 | 75 | 77,026 | ||||||||||||
| California (State of) Department of Water Resources, Series 2017 AX, Ref. RB |
5.00% | 12/01/2026 | 50 | 51,887 | ||||||||||||
| California (State of) Department of Water Resources, Series 2019 BA, RB |
5.00% | 12/01/2026 | 50 | 51,887 | ||||||||||||
| California (State of) Department of Water Resources (Central Valley), Series 2016 AW, Ref. RB(a)(b) |
5.00% | 12/01/2026 | 5 | 5,171 | ||||||||||||
| California (State of) Department of Water Resources (Central Valley), Series 2016 AW, Ref. RB |
5.00% | 12/01/2028 | 90 | 92,888 | ||||||||||||
| California (State of) Department of Water Resources (Central Valley), Series 2016 AW, Ref. RB |
5.00% | 12/01/2029 | 20 | 20,605 | ||||||||||||
| California (State of) Department of Water Resources (Central Valley), Series 2016 AW, Ref. RB |
4.00% | 12/01/2034 | 75 | 75,051 | ||||||||||||
| California (State of) Department of Water Resources (Central Valley), Series 2016 AW, Ref. RB |
4.00% | 12/01/2035 | 130 | 130,056 | ||||||||||||
| California (State of) Department of Water Resources (Central Valley), Series 2020 BB, Ref. RB |
5.00% | 12/01/2026 | 175 | 181,605 | ||||||||||||
| California (State of) Department of Water Resources (Central Valley), Series 2021, RB |
5.00% | 12/01/2026 | 95 | 98,585 | ||||||||||||
| California (State of) Educational Facilities Authority (Pepperdine University), Series 2016, Ref. RB(a)(b) |
5.00% | 04/01/2026 | 20 | 20,379 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Adventist Health System), Series 2016 A, Ref. RB |
4.00% | 03/01/2039 | 555 | 503,734 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center), Series 2015, Ref. RB |
5.00% | 11/15/2026 | 45 | 45,372 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center), Series 2016 A, RB |
5.00% | 08/15/2031 | 55 | 56,008 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center), Series 2016 A, RB |
5.00% | 08/15/2032 | 5 | 5,085 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center), Series 2016 A, RB |
5.00% | 08/15/2033 | 95 | 96,502 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center), Series 2016 B, Ref. RB |
5.00% | 08/15/2031 | 10 | 10,183 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center), Series 2016 B, Ref. RB |
5.00% | 08/15/2032 | 130 | 132,199 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center), Series 2016 B, Ref. RB |
5.00% | 08/15/2033 | 60 | 60,948 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center), Series 2016 B, Ref. RB |
4.00% | 08/15/2035 | 190 | 190,390 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center), Series 2016 B, Ref. RB |
5.00% | 08/15/2035 | 285 | 288,868 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center), Series 2016 B, Ref. RB |
4.00% | 08/15/2036 | 515 | 515,344 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| California-(continued) |
||||||||||||||||
| California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center), Series 2016 B, Ref. RB |
4.00% | 08/15/2039 | $ | 715 | $ | 693,683 | ||||||||||
| California (State of) Health Facilities Financing Authority (Lucile Salter Packard Children’s Hospital at Stanford), Series 2016 B, RB |
5.00% | 08/15/2055 | 150 | 146,484 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Providence St. Joseph Health), Series 2016 A, Ref. RB |
4.00% | 10/01/2035 | 115 | 112,659 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Providence St. Joseph Health), Series 2016 A, Ref. RB |
4.00% | 10/01/2036 | 100 | 97,269 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Stanford Health Care), Series 2017 A, Ref. RB |
5.00% | 11/15/2026 | 25 | 25,835 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Sutter Health), Series 2016 B, Ref. RB(a)(b) |
5.00% | 11/15/2026 | 40 | 41,345 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Sutter Health), Series 2016 B, Ref. RB |
5.00% | 11/15/2046 | 60 | 59,825 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank, Series 2016 A, RB(a)(b) |
4.00% | 10/01/2026 | 80 | 81,484 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (Bay Area Toll Bridges), Series 2003 A, RB(a) |
5.00% | 07/01/2026 | 195 | 199,760 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (Clean Water Revolving Fund) (Green Bonds), Series 2016, RB |
5.00% | 10/01/2026 | 5 | 5,102 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (Clean Water Revolving Fund) (Green Bonds), Series 2016, RB |
5.00% | 10/01/2027 | 115 | 117,173 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (Clean Water Revolving Fund) (Green Bonds), Series 2016, RB |
5.00% | 10/01/2028 | 160 | 162,897 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (Clean Water Revolving Fund) (Green Bonds), Series 2016, RB |
5.00% | 10/01/2029 | 85 | 86,437 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (Clean Water Revolving Fund) (Green Bonds), Series 2016, RB |
5.00% | 10/01/2030 | 95 | 96,528 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (Clean Water Revolving Fund) (Green Bonds), Series 2016, RB |
5.00% | 10/01/2031 | 60 | 60,920 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (Clean Water Revolving Fund) (Green Bonds), Series 2017, RB |
5.00% | 10/01/2026 | 55 | 56,786 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (Clean Water Revolving Fund) (Green Bonds), Series 2018, RB |
5.00% | 10/01/2026 | 5 | 5,162 | ||||||||||||
| California (State of) Municipal Finance Authority (Humangood - California Obligated Group), Series 2019 A, Ref. RB |
5.00% | 10/01/2044 | 200 | 199,245 | ||||||||||||
| California (State of) Public Finance Authority (Henry Mayo Newhall Hospital), Series 2017, Ref. RB |
5.00% | 10/15/2047 | 200 | 189,016 | ||||||||||||
| California (State of) Public Works Board, Series 2015 F, Ref. RB |
5.00% | 05/01/2026 | 35 | 35,059 | ||||||||||||
| California (State of) Public Works Board, Series 2022 A, Ref. RB |
5.00% | 08/01/2026 | 1,265 | 1,296,249 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2016 C, Ref. RB |
5.00% | 11/01/2026 | 25 | 25,755 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2016 C, Ref. RB |
5.00% | 11/01/2029 | 70 | 71,810 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2016 C, Ref. RB |
4.00% | 11/01/2032 | 220 | 219,687 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2016 C, Ref. RB |
5.00% | 11/01/2033 | 55 | 56,192 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2016 C, Ref. RB |
5.00% | 11/01/2034 | 70 | 71,430 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2016 D, Ref. RB |
4.00% | 04/01/2031 | 60 | 60,317 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2016 D, Ref. RB |
4.00% | 04/01/2032 | 55 | 55,019 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2017 B, Ref. RB(a) |
5.00% | 10/01/2026 | 5 | 5,151 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2017 B, Ref. RB |
5.00% | 10/01/2026 | 25 | 25,709 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2019 C, RB |
5.00% | 11/01/2026 | 5 | 5,151 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2023 C, Ref. RB |
5.00% | 09/01/2026 | 5 | 5,133 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2023, Ref. RB |
5.00% | 12/01/2026 | 500 | 516,033 | ||||||||||||
| California (State of) Statewide Communities Development Authority (Adventist Health System), Series 2015 A, Ref. RB |
4.13% | 03/01/2034 | 200 | 196,287 | ||||||||||||
| California (State of) Statewide Communities Development Authority (Adventist Health System), Series 2015 A, Ref. RB |
4.38% | 03/01/2044 | 295 | 273,837 | ||||||||||||
| California (State of) Statewide Communities Development Authority (Enloe Medical Center), Series 2015, Ref. RB(a)(b) |
4.00% | 02/15/2026 | 20 | 20,149 | ||||||||||||
| California (State of) Statewide Communities Development Authority (John Muir Health), Series 2016 A, Ref. RB |
4.00% | 08/15/2046 | 150 | 134,403 | ||||||||||||
| California (State of) Statewide Communities Development Authority (John Muir Health), Series 2016 A, Ref. RB |
5.00% | 08/15/2051 | 30 | 29,327 | ||||||||||||
| California (State of) Statewide Communities Development Authority (Redlands Community Hospital), Series 2016, Ref. RB |
5.00% | 10/01/2046 | 25 | 24,268 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| California-(continued) |
||||||||||||||||
| California State University, Series 2016 A, Ref. RB |
5.00% | 11/01/2026 | $ | 145 | $ | 148,060 | ||||||||||
| California State University, Series 2016 A, Ref. RB |
5.00% | 11/01/2027 | 100 | 101,806 | ||||||||||||
| California State University, Series 2016 A, Ref. RB |
5.00% | 11/01/2028 | 65 | 66,150 | ||||||||||||
| California State University, Series 2016 A, Ref. RB |
5.00% | 11/01/2029 | 105 | 106,811 | ||||||||||||
| California State University, Series 2016 A, Ref. RB |
5.00% | 11/01/2030 | 30 | 30,504 | ||||||||||||
| California State University, Series 2016 A, Ref. RB |
5.00% | 11/01/2031 | 35 | 35,565 | ||||||||||||
| California State University, Series 2016 A, Ref. RB |
5.00% | 11/01/2032 | 125 | 126,918 | ||||||||||||
| California State University, Series 2016 A, Ref. RB |
5.00% | 11/01/2033 | 5 | 5,072 | ||||||||||||
| California State University, Series 2016 A, Ref. RB |
4.00% | 11/01/2034 | 65 | 64,877 | ||||||||||||
| California State University, Series 2016 A, Ref. RB |
4.00% | 11/01/2035 | 20 | 19,914 | ||||||||||||
| California State University, Series 2016 A, Ref. RB |
5.00% | 11/01/2036 | 55 | 55,685 | ||||||||||||
| California State University, Series 2016 A, Ref. RB |
4.00% | 11/01/2037 | 140 | 137,917 | ||||||||||||
| California State University, Series 2016 A, Ref. RB |
4.00% | 11/01/2038 | 75 | 72,913 | ||||||||||||
| California State University, Series 2016 A, Ref. RB |
5.00% | 11/01/2041 | 600 | 605,908 | ||||||||||||
| California State University, Series 2016 A, Ref. RB |
4.00% | 11/01/2045 | 70 | 63,050 | ||||||||||||
| California State University, Series 2016 A, Ref. RB |
5.00% | 11/01/2045 | 450 | 454,229 | ||||||||||||
| California State University, Series 2017 A, Ref. RB |
5.00% | 11/01/2026 | 30 | 30,986 | ||||||||||||
| Campbell Union High School District (Election of 2016), Series 2018 B, GO Bonds(a)(b) |
4.00% | 08/01/2026 | 20 | 20,334 | ||||||||||||
| Campbell Union High School District (Election of 2016), Series 2018 B, GO Bonds(a)(b) |
4.00% | 08/01/2026 | 35 | 35,584 | ||||||||||||
| Campbell Union High School District (Election of 2016), Series 2018 B, GO Bonds(a)(b) |
5.00% | 08/01/2026 | 125 | 128,509 | ||||||||||||
| Campbell Union High School District (Election of 2016), Series 2018 B, GO Bonds(a)(b) |
5.00% | 08/01/2026 | 10 | 10,281 | ||||||||||||
| Campbell Union High School District (Election of 2016), Series 2018 B, GO Bonds(a)(b) |
5.00% | 08/01/2026 | 105 | 107,947 | ||||||||||||
| Campbell Union High School District (Election of 2016), Series 2018 B, GO Bonds(a)(b) |
5.00% | 08/01/2026 | 65 | 66,825 | ||||||||||||
| Chabot-Las Positas Community College District, Series 2016, Ref. GO Bonds |
4.00% | 08/01/2033 | 25 | 25,012 | ||||||||||||
| Chabot-Las Positas Community College District, Series 2016, Ref. GO Bonds |
4.00% | 08/01/2034 | 245 | 245,078 | ||||||||||||
| Chabot-Las Positas Community College District, Series 2016, Ref. GO Bonds |
4.00% | 08/01/2035 | 70 | 70,010 | ||||||||||||
| Chabot-Las Positas Community College District, Series 2016, Ref. GO Bonds |
4.00% | 08/01/2037 | 75 | 73,676 | ||||||||||||
| Coachella Valley Unified School District (Election of 2005), Series 2016 F, GO Bonds, (INS - BAM)(c) |
5.00% | 08/01/2046 | 175 | 175,352 | ||||||||||||
| Contra Costa (County of), CA Transportation Authority, Series 2018 B, Ref. RB |
5.00% | 03/01/2026 | 30 | 30,546 | ||||||||||||
| Corona-Norco Unified School District, Series 2016 B, Ref. GO Bonds |
4.00% | 08/01/2035 | 50 | 50,007 | ||||||||||||
| Desert Community College District, Series 2016, Ref. GO Bonds(a)(b) |
5.00% | 02/01/2026 | 20 | 20,296 | ||||||||||||
| Desert Community College District, Series 2016, Ref. GO Bonds(a)(b) |
5.00% | 02/01/2026 | 75 | 76,110 | ||||||||||||
| Desert Community College District, Series 2016, Ref. GO Bonds(a)(b) |
5.00% | 02/01/2026 | 30 | 30,444 | ||||||||||||
| East Side Union High School District, Series 2003 B, Ref. GO Bonds, (INS - NATL)(c) |
5.25% | 02/01/2026 | 25 | 25,317 | ||||||||||||
| Eastern Municipal Water District, Series 2016 A, Ref. RB |
5.00% | 07/01/2042 | 625 | 629,164 | ||||||||||||
| Eastern Municipal Water District Financing Authority, Series 2016 B, Ref. RB |
5.00% | 07/01/2033 | 25 | 25,496 | ||||||||||||
| Eastern Municipal Water District Financing Authority, Series 2016 B, Ref. RB |
4.00% | 07/01/2034 | 50 | 50,030 | ||||||||||||
| Eastern Municipal Water District Financing Authority, Series 2016 B, Ref. RB |
4.00% | 07/01/2035 | 55 | 55,030 | ||||||||||||
| El Dorado Irrigation District, Series 2016 C, Ref. RB(a)(b) |
5.00% | 03/01/2026 | 5 | 5,088 | ||||||||||||
| Folsom Cordova Unified School District School Facilities Improvement Dist No. 5, Series 2016 B, GO Bonds |
4.25% | 10/01/2041 | 30 | 29,473 | ||||||||||||
| Fresno Unified School District, Series 2016 A, Ref. GO Bonds |
4.00% | 08/01/2041 | 50 | 46,551 | ||||||||||||
| Hayward Unified School District, Series 2017, GO Bonds, (INS - AGI)(c) |
3.50% | 08/01/2037 | 45 | 41,646 | ||||||||||||
| Hayward Unified School District, Series 2017, GO Bonds, (INS - AGI)(c) |
4.00% | 08/01/2039 | 50 | 48,013 | ||||||||||||
| Hayward Unified School District, Series 2017, GO Bonds, (INS - AGI)(c) |
4.00% | 08/01/2042 | 60 | 55,880 | ||||||||||||
| Imperial Irrigation District, Series 2016 B-1, RB |
5.00% | 11/01/2034 | 10 | 10,152 | ||||||||||||
| Imperial Irrigation District, Series 2016 B-1, RB |
5.00% | 11/01/2046 | 80 | 80,305 | ||||||||||||
| Imperial Irrigation District, Series 2016 C, Ref. RB |
5.00% | 11/01/2032 | 45 | 45,488 | ||||||||||||
| Imperial Irrigation District, Series 2016 C, Ref. RB |
5.00% | 11/01/2036 | 250 | 251,947 | ||||||||||||
| Imperial Irrigation District, Series 2016 C, Ref. RB |
5.00% | 11/01/2038 | 25 | 25,150 | ||||||||||||
| Irvine Facilities Financing Authority (Gateway Preserve Land Acquisition), Series 2023, RB |
5.25% | 05/01/2043 | 225 | 226,587 | ||||||||||||
| Irvine Ranch Water District, Series 2016, RB |
5.25% | 02/01/2046 | 30 | 30,215 | ||||||||||||
| Long Beach (City of), CA, Series 2025 A, Ref. RB |
5.00% | 05/15/2026 | 40 | 40,812 | ||||||||||||
| Los Angeles (City of), CA, Series 2022 C, Ref. RB |
5.00% | 06/01/2026 | 5 | 5,104 | ||||||||||||
| Los Angeles (City of), CA Department of Airports, Series 2020 A, Ref. RB |
5.00% | 05/15/2026 | 120 | 122,425 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2016 A, Ref. RB |
5.00% | 07/01/2041 | 50 | 49,553 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2016 A, Ref. RB |
5.00% | 07/01/2046 | 1,100 | 1,084,450 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2016 B, RB |
5.00% | 07/01/2027 | 15 | 15,125 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2016 B, Ref. RB |
5.00% | 07/01/2026 | 25 | 25,203 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2016 B, Ref. RB |
5.00% | 07/01/2027 | 10 | 10,083 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| California-(continued) |
||||||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2016 B, Ref. RB |
5.00% | 07/01/2030 | $ | 40 | $ | 40,290 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2016 B, Ref. RB |
5.00% | 07/01/2031 | 25 | 25,170 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2016 B, Ref. RB |
5.00% | 07/01/2035 | 1,000 | 1,003,228 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2020 A, Ref. RB |
5.00% | 07/01/2026 | 215 | 218,406 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2021 A, RB |
5.00% | 07/01/2026 | 250 | 253,666 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2022 C, Ref. RB |
5.00% | 07/01/2026 | 570 | 579,029 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2015 C, Ref. GO Bonds |
5.00% | 06/01/2026 | 20 | 20,458 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2016 A, Ref. RB |
5.00% | 06/01/2030 | 200 | 203,396 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2016 A, Ref. RB |
5.00% | 06/01/2031 | 90 | 91,449 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2016 A, Ref. RB |
5.00% | 06/01/2032 | 60 | 60,908 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2016 A, Ref. RB |
5.00% | 06/01/2033 | 1,000 | 1,014,212 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2016 A, Ref. RB |
5.00% | 06/01/2034 | 35 | 35,469 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2016 A, Ref. RB |
5.00% | 06/01/2035 | 10 | 10,128 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2016 A, Ref. RB |
5.00% | 06/01/2037 | 15 | 15,167 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2021 A, RB |
5.00% | 06/01/2026 | 25 | 25,580 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2017 A, RB |
5.00% | 07/01/2026 | 50 | 51,258 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2019 A, RB |
5.00% | 07/01/2026 | 50 | 51,258 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2020 A, RB |
5.00% | 06/01/2026 | 535 | 546,882 | ||||||||||||
| Los Angeles (Port of), LA, Series 2019 B, Ref. RB |
5.00% | 08/01/2026 | 10 | 10,266 | ||||||||||||
| Los Angeles Community College District, Series 2016, Ref. GO Bonds |
4.00% | 08/01/2037 | 60 | 59,458 | ||||||||||||
| Los Angeles Community College District, Series 2016, Ref. GO Bonds |
4.00% | 08/01/2038 | 60 | 58,984 | ||||||||||||
| Los Angeles Community College District (Election of 2008), Series 2019 K, GO Bonds |
4.00% | 08/01/2036 | 50 | 50,001 | ||||||||||||
| Los Angeles Community College District (Election of 2022), Series 2023 A-1, GO Bonds |
5.00% | 08/01/2026 | 5 | 5,134 | ||||||||||||
| Los Angeles Community College District (Election of 2022), Series 2024 C, GO Bonds |
5.00% | 08/01/2026 | 40 | 41,072 | ||||||||||||
| Los Angeles Unified School District, Series 2016 A, Ref. GO Bonds |
5.00% | 07/01/2026 | 260 | 260,326 | ||||||||||||
| Los Angeles Unified School District, Series 2016 B, Ref. GO Bonds |
5.00% | 07/01/2030 | 180 | 183,832 | ||||||||||||
| Los Angeles Unified School District, Series 2017 A, Ref. GO Bonds |
5.00% | 07/01/2026 | 375 | 384,032 | ||||||||||||
| Los Angeles Unified School District, Series 2020 C, GO Bonds |
5.00% | 07/01/2026 | 680 | 696,379 | ||||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2023, COP |
5.00% | 10/01/2026 | 200 | 205,697 | ||||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2023, COP(a) |
5.00% | 10/01/2026 | 300 | 308,665 | ||||||||||||
| Metropolitan Water District of Southern California, Series 2016 A, Ref. RB(a)(b) |
5.00% | 01/01/2026 | 15 | 15,203 | ||||||||||||
| Metropolitan Water District of Southern California, Series 2016 A, Ref. RB(a)(b) |
5.00% | 01/01/2026 | 35 | 35,473 | ||||||||||||
| Metropolitan Water District of Southern California, Series 2020 A, Ref. RB |
5.00% | 07/01/2026 | 150 | 153,661 | ||||||||||||
| Metropolitan Water District of Southern California, Series 2021 B, Ref. RB |
5.00% | 10/01/2026 | 150 | 154,531 | ||||||||||||
| Montebello Unified School District (Election of 2016), Series 2016 A, GO Bonds |
5.00% | 08/01/2041 | 100 | 100,761 | ||||||||||||
| Mountain View Whisman School District (Election of 2012), Series 2016 B, GO Bonds(a)(b) |
4.00% | 09/01/2026 | 105 | 106,818 | ||||||||||||
| Municipal Improvement Corp. of Los Angeles (Real Property), Series 2016 B, Ref. RB |
5.00% | 11/01/2026 | 65 | 66,790 | ||||||||||||
| Municipal Improvement Corp. of Los Angeles (Real Property), Series 2016 B, Ref. RB |
5.00% | 11/01/2028 | 95 | 97,456 | ||||||||||||
| Municipal Improvement Corp. of Los Angeles (Real Property), Series 2016 B, Ref. RB |
5.00% | 11/01/2029 | 420 | 430,214 | ||||||||||||
| Municipal Improvement Corp. of Los Angeles (Real Property), Series 2016 B, Ref. RB |
5.00% | 11/01/2030 | 245 | 250,787 | ||||||||||||
| Municipal Improvement Corp. of Los Angeles (Real Property), Series 2016 B, Ref. RB |
5.00% | 11/01/2031 | 100 | 102,306 | ||||||||||||
| Municipal Improvement Corp. of Los Angeles (Real Property), Series 2016 B, Ref. RB |
5.00% | 11/01/2032 | 60 | 61,300 | ||||||||||||
| Municipal Improvement Corp. of Los Angeles (Real Property), Series 2016 B, Ref. RB |
4.00% | 11/01/2033 | 35 | 34,615 | ||||||||||||
| Municipal Improvement Corp. of Los Angeles (Real Property), Series 2016 B, Ref. RB |
4.00% | 11/01/2034 | 380 | 374,885 | ||||||||||||
| Municipal Improvement Corp. of Los Angeles (Real Property), Series 2016 B, Ref. RB |
4.00% | 11/01/2035 | 165 | 162,089 | ||||||||||||
| Municipal Improvement Corp. of Los Angeles (Real Property), Series 2016 B, Ref. RB |
4.00% | 11/01/2036 | 65 | 63,524 | ||||||||||||
| Municipal Improvement Corp. of Los Angeles (Real Property), Series 2016 B, Ref. RB |
4.00% | 11/01/2037 | 250 | 243,204 | ||||||||||||
| Napa Valley Unified School District (Election of 2016), Series 2019 C, GO Bonds, (INS - AGI)(c) |
4.00% | 08/01/2044 | 125 | 116,332 | ||||||||||||
| Natomas Unified School District (Election of 2014), Series 2017, GO Bonds, (INS - BAM)(c) |
4.00% | 08/01/2042 | 200 | 183,948 | ||||||||||||
| Oakland Unified School District, Series 2016, Ref. GO Bonds |
5.00% | 08/01/2028 | 5 | 5,106 | ||||||||||||
| Oakland Unified School District, Series 2016, Ref. GO Bonds |
5.00% | 08/01/2029 | 45 | 45,931 | ||||||||||||
| Palomar Health, Series 2016 B, Ref. GO Bonds |
4.00% | 08/01/2035 | 20 | 17,754 | ||||||||||||
| Palomar Health, Series 2016 B, Ref. GO Bonds |
4.00% | 08/01/2036 | 200 | 174,539 | ||||||||||||
| Palomar Health, Series 2016, Ref. RB |
5.00% | 11/01/2039 | 110 | 90,521 | ||||||||||||
| Pasadena Unified School District (Election of 2008), Series 2016, GO Bonds |
4.00% | 08/01/2035 | 20 | 20,003 | ||||||||||||
| Pittsburg Successor Agency Redevelopment Agency, Series 2016 A, Ref. RB, (INS - AGI)(c) |
5.00% | 09/01/2028 | 210 | 215,176 | ||||||||||||
| Pittsburg Successor Agency Redevelopment Agency, Series 2016 A, Ref. RB, (INS - AGI)(c) |
5.00% | 09/01/2029 | 30 | 30,720 | ||||||||||||
| Pittsburg Unified School District, Series 2016, Ref. GO Bonds |
4.00% | 08/01/2040 | 35 | 33,013 | ||||||||||||
| Regents of the University of California Medical Center, Series 2016 L, Ref. RB |
5.00% | 05/15/2032 | 400 | 406,327 | ||||||||||||
| Regents of the University of California Medical Center, Series 2016 L, Ref. RB |
5.00% | 05/15/2033 | 25 | 25,369 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| California-(continued) |
||||||||||||||||
| Regents of the University of California Medical Center, Series 2016 L, Ref. RB |
5.00% | 05/15/2034 | $ | 180 | $ | 182,462 | ||||||||||
| Regents of the University of California Medical Center, Series 2016 L, Ref. RB |
5.00% | 05/15/2035 | 875 | 886,105 | ||||||||||||
| Regents of the University of California Medical Center, Series 2016 L, Ref. RB |
4.00% | 05/15/2037 | 15 | 14,879 | ||||||||||||
| Regents of the University of California Medical Center, Series 2016 L, Ref. RB |
4.00% | 05/15/2038 | 140 | 136,852 | ||||||||||||
| Regents of the University of California Medical Center, Series 2016 L, Ref. RB |
5.00% | 05/15/2041 | 220 | 221,098 | ||||||||||||
| Regents of the University of California Medical Center, Series 2016 L, Ref. RB |
4.00% | 05/15/2044 | 125 | 114,283 | ||||||||||||
| Riverside Community College District (Election of 2024), Series 2025 A, GO Bonds |
5.00% | 08/01/2026 | 5 | 5,135 | ||||||||||||
| Sacramento (City of), CA Area Flood Control Agency (Consolidated Capital Assessment District No.2), Series 2016, Ref. RB |
5.00% | 10/01/2043 | 150 | 151,140 | ||||||||||||
| Sacramento (City of), CA Municipal Utility District, Series 2018 F, Ref. RB |
5.00% | 08/15/2026 | 5 | 5,133 | ||||||||||||
| Sacramento (City of), CA Municipal Utility District, Series 2021 I, Ref. RB |
5.00% | 08/15/2026 | 25 | 25,666 | ||||||||||||
| Sacramento (County of), CA, Series 2016 A, Ref. RB |
5.00% | 07/01/2041 | 105 | 105,224 | ||||||||||||
| Sacramento (County of), CA, Series 2016 B, Ref. RB |
5.00% | 07/01/2041 | 200 | 200,426 | ||||||||||||
| San Bernardino (County of), CA (Arrowhead), Series 2019 A, Ref. COP |
5.00% | 10/01/2026 | 125 | 128,892 | ||||||||||||
| San Diego (City of), CA Association of Governments (Mid Coast Corridor; Green Bonds), Series 2019, RB(a)(b) |
5.00% | 11/15/2025 | 75 | 75,745 | ||||||||||||
| San Diego (City of), CA Public Facilities Financing Authority, Series 2015, Ref. RB |
4.00% | 05/15/2026 | 120 | 120,099 | ||||||||||||
| San Diego (City of), CA Public Facilities Financing Authority, Series 2016 A, Ref. RB |
5.00% | 05/15/2029 | 10 | 10,204 | ||||||||||||
| San Diego (City of), CA Public Facilities Financing Authority, Series 2016 A, Ref. RB |
5.00% | 05/15/2032 | 145 | 147,752 | ||||||||||||
| San Diego (City of), CA Public Facilities Financing Authority, Series 2016 A, Ref. RB |
5.00% | 05/15/2034 | 5 | 5,089 | ||||||||||||
| San Diego (City of), CA Public Facilities Financing Authority, Series 2016 A, Ref. RB |
5.00% | 05/15/2035 | 100 | 101,699 | ||||||||||||
| San Diego (City of), CA Public Facilities Financing Authority, Series 2016 A, Ref. RB |
5.00% | 05/15/2036 | 100 | 101,633 | ||||||||||||
| San Diego (City of), CA Public Facilities Financing Authority, Series 2016 A, Ref. RB |
5.00% | 05/15/2037 | 10 | 10,157 | ||||||||||||
| San Diego (City of), CA Public Facilities Financing Authority, Series 2016 B, Ref. RB |
5.00% | 08/01/2028 | 880 | 895,650 | ||||||||||||
| San Diego (City of), CA Public Facilities Financing Authority, Series 2016 B, Ref. RB |
5.00% | 08/01/2034 | 30 | 30,430 | ||||||||||||
| San Diego (City of), CA Public Facilities Financing Authority, Series 2016 B, Ref. RB |
5.00% | 08/01/2037 | 65 | 65,888 | ||||||||||||
| San Diego (County of), CA Regional Transportation Commission, Series 2016 A, RB |
5.00% | 04/01/2041 | 180 | 181,064 | ||||||||||||
| San Diego (County of), CA Regional Transportation Commission, Series 2016 A, Ref. RB |
5.00% | 05/15/2033 | 30 | 30,549 | ||||||||||||
| San Diego (County of), CA Regional Transportation Commission, Series 2016 B, Ref. RB |
5.00% | 08/01/2035 | 70 | 70,989 | ||||||||||||
| San Diego Community College District, Series 2016, Ref. GO Bonds(a)(b) |
4.00% | 08/01/2026 | 165 | 167,619 | ||||||||||||
| San Diego Community College District, Series 2016, Ref. GO Bonds(a)(b) |
4.00% | 08/01/2026 | 40 | 40,635 | ||||||||||||
| San Diego Community College District, Series 2016, Ref. GO Bonds(a)(b) |
4.00% | 08/01/2026 | 55 | 55,873 | ||||||||||||
| San Diego Community College District, Series 2016, Ref. GO Bonds(a)(b) |
5.00% | 08/01/2026 | 195 | 200,315 | ||||||||||||
| San Diego Community College District, Series 2016, Ref. GO Bonds(a)(b) |
5.00% | 08/01/2026 | 95 | 97,589 | ||||||||||||
| San Diego Community College District, Series 2016, Ref. GO Bonds(a)(b) |
5.00% | 08/01/2026 | 5 | 5,136 | ||||||||||||
| San Diego Community College District, Series 2016, Ref. GO Bonds(a)(b) |
5.00% | 08/01/2026 | 145 | 148,952 | ||||||||||||
| San Diego Community College District, Series 2016, Ref. GO Bonds |
5.00% | 08/01/2028 | 100 | 102,832 | ||||||||||||
| San Diego Unified School District, Series 2016 R-5, GO Bonds |
5.00% | 07/01/2026 | 50 | 51,242 | ||||||||||||
| San Diego Unified School District, Series 2016 R-5, Ref. GO Bonds |
4.00% | 07/01/2029 | 95 | 96,124 | ||||||||||||
| San Diego Unified School District, Series 2016 R-5, Ref. GO Bonds |
5.00% | 07/01/2029 | 475 | 485,879 | ||||||||||||
| San Diego Unified School District (Election of 1998), Series 2005 C-2, Ref. GO Bonds, (INS - AGI)(c) |
5.50% | 07/01/2026 | 35 | 36,047 | ||||||||||||
| San Diego Unified School District (Election of 1998), Series 2005 E-2, Ref. GO Bonds, (INS - AGI)(c) |
5.50% | 07/01/2026 | 5 | 5,150 | ||||||||||||
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Second Series 2022 B, Ref. RB |
5.00% | 05/01/2026 | 5 | 5,096 | ||||||||||||
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2016 A, Ref. RB |
5.00% | 05/01/2026 | 10 | 10,192 | ||||||||||||
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2016 C, RB |
5.00% | 05/01/2046 | 100 | 100,288 | ||||||||||||
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2019 D, Ref. RB |
5.00% | 05/01/2026 | 40 | 40,766 | ||||||||||||
| San Francisco (City & County of), CA Public Utilities Commission, Series 2016, Ref. RB |
5.00% | 11/01/2026 | 35 | 36,151 | ||||||||||||
| San Francisco (City & County of), CA Public Utilities Commission, Series 2016, Ref. RB |
5.00% | 11/01/2028 | 280 | 288,220 | ||||||||||||
| San Francisco (City & County of), CA Public Utilities Commission, Series 2016, Ref. RB |
4.00% | 11/01/2036 | 435 | 435,030 | ||||||||||||
| San Francisco (City & County of), CA Public Utilities Commission (Green Bonds), Series 2017 D, Ref. RB |
5.00% | 11/01/2026 | 105 | 108,452 | ||||||||||||
| San Francisco (City & County of), CA Public Utilities Commission (Green Bonds), Series 2023 A, RB |
5.00% | 10/01/2026 | 5 | 5,166 | ||||||||||||
| San Francisco (City & County of), CA Successor Agency to the Redevelopment Agency (Mission Bay South Redevelopment), Series 2016 C, Ref. RB, (INS - NATL)(c) |
5.00% | 08/01/2041 | 150 | 150,601 | ||||||||||||
| San Francisco (County of), CA Transportation Authority, Series 2017, RB |
4.00% | 02/01/2026 | 150 | 151,321 | ||||||||||||
| San Jose (City of), CA Redevelopment Agency Successor Agency, Series 2017 B, Ref. RB |
5.00% | 08/01/2026 | 110 | 112,934 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| California-(continued) |
||||||||||||||||
| San Jose Unified School District (Election of 2012), Series 2019 N, GO Bonds |
4.00% | 08/01/2030 | $ | 80 | $ | 80,628 | ||||||||||
| San Jose Unified School District (Election of 2016), Series 2024, Ref. GO Bonds |
5.00% | 08/01/2026 | 50 | 51,386 | ||||||||||||
| Santa Clara (County of), CA Water District (Green Bonds), Series 2022 B, COP |
5.00% | 12/01/2026 | 285 | 294,477 | ||||||||||||
| Santa Clara Unified School District (Election of 2018), Series 2019, GO Bonds |
4.00% | 07/01/2048 | 165 | 149,466 | ||||||||||||
| Santa Clara Valley Transportation Authority, Series 2018 A, Ref. RB |
5.00% | 06/01/2026 | 100 | 102,340 | ||||||||||||
| Santa Clara Valley Transportation Authority, Series 2023 A, Ref. RB |
5.00% | 04/01/2026 | 500 | 509,607 | ||||||||||||
| Santa Clara Valley Water District, Series 2023, COP |
4.00% | 06/01/2026 | 65 | 65,799 | ||||||||||||
| Silicon Valley Clean Water (WIFIA WWTP), Series 2021 B, RN |
0.50% | 03/01/2026 | 500 | 489,859 | ||||||||||||
| Sonoma (County of), CA Junior College District (Election of 2014), Series 2016 A, GO Bonds |
5.00% | 08/01/2041 | 5 | 5,077 | ||||||||||||
| Stockton Unified School District, Series 2016, Ref. GO Bonds |
5.00% | 08/01/2031 | 20 | 20,248 | ||||||||||||
| Sweetwater Union High School District, Series 2016, Ref. GO Bonds |
4.00% | 08/01/2042 | 20 | 18,735 | ||||||||||||
| Sweetwater Union High School District (Election of 2006), Series 2016 B, GO Bonds, (INS - AGI)(c) |
3.38% | 08/01/2040 | 80 | 68,314 | ||||||||||||
| Tahoe-Truckee Unified School District, Series 2016 B, GO Bonds |
5.00% | 08/01/2039 | 30 | 30,537 | ||||||||||||
| University of California, Series 2016 AR, Ref. RB |
5.00% | 05/15/2030 | 5 | 5,084 | ||||||||||||
| University of California, Series 2016 AR, Ref. RB |
5.00% | 05/15/2031 | 130 | 132,172 | ||||||||||||
| University of California, Series 2016 AR, Ref. RB |
5.00% | 05/15/2046 | 25 | 25,177 | ||||||||||||
| University of California, Series 2016, Ref. RB |
5.00% | 05/15/2038 | 10 | 10,121 | ||||||||||||
| University of California, Series 2017 AY, Ref. RB |
5.00% | 05/15/2026 | 200 | 204,137 | ||||||||||||
| University of California, Series 2024 BX, RB |
5.00% | 05/15/2026 | 1,000 | 1,020,686 | ||||||||||||
| University of California (Limited), Series 2016 K, RB |
5.00% | 05/15/2035 | 120 | 121,700 | ||||||||||||
| University of California (Limited), Series 2016 K, RB |
4.00% | 05/15/2036 | 70 | 69,570 | ||||||||||||
| University of California (Limited), Series 2016 K, RB |
4.00% | 05/15/2046 | 195 | 179,187 | ||||||||||||
| University of California (Limited), Series 2016 K, RB |
5.00% | 05/15/2051 | 300 | 301,785 | ||||||||||||
| Victor Valley Community College District, Series 2016 A, Ref. GO Bonds |
4.00% | 08/01/2039 | 20 | 19,389 | ||||||||||||
| Victor Valley Union High School District (Election of 2008), Series 2009 A, GO Bonds, (INS - AGI)(c) |
5.75% | 08/01/2031 | 450 | 463,381 | ||||||||||||
| West Hollywood (City of), CA Public Financing Authority (Park Phase II), Series 2016, Ref. RB |
3.00% | 04/01/2041 | 125 | 101,065 | ||||||||||||
|
|
|
|||||||||||||||
| 50,624,853 | ||||||||||||||||
|
|
|
|||||||||||||||
| Colorado-1.90% |
||||||||||||||||
| Adams & Arapahoe Joint School District No. 28J Aurora, Series 2017 A, Ref. GO Bonds |
5.00% | 12/01/2030 | 200 | 204,844 | ||||||||||||
| Adams & Arapahoe Joint School District No. 28J Aurora, Series 2017 A, Ref. GO Bonds |
5.00% | 12/01/2031 | 85 | 86,996 | ||||||||||||
| Adams & Arapahoe Joint School District No. 28J Aurora, Series 2017 A, Ref. GO Bonds |
5.00% | 12/01/2032 | 200 | 204,491 | ||||||||||||
| Adams 12 Five Star Schools, Series 2016 B, Ref. GO Bonds(a)(b) |
5.00% | 12/15/2026 | 5 | 5,161 | ||||||||||||
| Adams 12 Five Star Schools, Series 2016 B, Ref. GO Bonds |
5.00% | 12/15/2028 | 105 | 107,769 | ||||||||||||
| Adams 12 Five Star Schools, Series 2016 B, Ref. GO Bonds |
5.00% | 12/15/2029 | 100 | 102,576 | ||||||||||||
| Adams 12 Five Star Schools, Series 2016 B, Ref. GO Bonds |
5.00% | 12/15/2030 | 185 | 189,655 | ||||||||||||
| Adams 12 Five Star Schools, Series 2016 B, Ref. GO Bonds |
4.00% | 12/15/2031 | 50 | 50,434 | ||||||||||||
| Adams 12 Five Star Schools, Series 2016 B, Ref. GO Bonds |
5.00% | 12/15/2032 | 60 | 61,347 | ||||||||||||
| Adams County School District No. 1 (Mapleton Public Schools), Series 2017, GO Bonds |
5.25% | 12/01/2040 | 25 | 25,513 | ||||||||||||
| Arapahoe County School District No. 6 Littleton, Series 2019 A, GO Bonds |
5.00% | 12/01/2026 | 30 | 30,967 | ||||||||||||
| Aurora (City of), CO (Green Bonds), Series 2016, Ref. RB(a)(b) |
5.00% | 08/01/2026 | 70 | 71,737 | ||||||||||||
| Aurora (City of), CO (Green Bonds), Series 2016, Ref. RB(a)(b) |
5.00% | 08/01/2026 | 155 | 158,847 | ||||||||||||
| Aurora (City of), CO (Green Bonds), Series 2016, Ref. RB(a)(b) |
5.00% | 08/01/2026 | 25 | 25,621 | ||||||||||||
| Colorado (State of), Series 2018 A, COP |
5.00% | 12/15/2026 | 25 | 25,751 | ||||||||||||
| Colorado (State of), Series 2021 A, COP |
5.00% | 12/15/2026 | 540 | 556,213 | ||||||||||||
| Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2019 A, Ref. RB |
5.00% | 08/01/2026 | 60 | 61,157 | ||||||||||||
| Colorado (State of) Health Facilities Authority (SCL Health System), Series 2019 A, Ref. RB |
5.00% | 01/01/2026 | 95 | 96,134 | ||||||||||||
| Colorado (State of) Health Facilities Authority (Vail Valley Medical Center), Series 2015, RB |
5.00% | 01/15/2035 | 190 | 191,153 | ||||||||||||
| Colorado (State of) Higher Education, Series 2014 A, Ref. COP |
5.00% | 11/01/2026 | 55 | 56,514 | ||||||||||||
| Colorado (State of) Regional Transportation District, Series 2015, COP(a)(b) |
5.00% | 06/01/2025 | 160 | 160,000 | ||||||||||||
| Colorado (State of) Regional Transportation District (Fastracks), Series 2017 A, RB |
5.00% | 11/01/2040 | 25 | 25,195 | ||||||||||||
| Colorado Springs (City of), CO, Series 2018 A-1, Ref. RB |
5.00% | 11/15/2026 | 30 | 30,937 | ||||||||||||
| Commerce (City of), CO, Series 2016, RB(a)(b) |
5.00% | 08/01/2026 | 55 | 56,333 | ||||||||||||
| Denver (City & County of), CO, Series 2016 A, Ref. RB |
5.00% | 11/15/2031 | 125 | 127,844 | ||||||||||||
| Denver (City & County of), CO, Series 2016 A, Ref. RB |
5.00% | 11/15/2032 | 10 | 10,215 | ||||||||||||
| Denver (City & County of), CO, Series 2016 A, Ref. RB |
5.00% | 08/01/2044 | 60 | 60,456 | ||||||||||||
| Denver (City & County of), CO, Series 2018 A-1, RB |
5.00% | 08/01/2041 | 25 | 25,207 | ||||||||||||
| Denver (City & County of), CO, Series 2018 A-1, RB |
5.00% | 08/01/2048 | 700 | 703,744 | ||||||||||||
| Denver (City & County of), CO, Series 2020 B, Ref. GO Bonds |
5.00% | 08/01/2026 | 10 | 10,254 | ||||||||||||
| Denver (City & County of), CO, Series 2022 C, Ref. RB |
5.00% | 11/15/2026 | 15 | 15,436 | ||||||||||||
| Denver (City & County of), CO (Convention Center Expansion), Series 2018 A, COP |
5.38% | 06/01/2043 | 215 | 217,511 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Colorado-(continued) |
||||||||||||||||
| Denver City & County School District No. 1, Series 2016, Ref. GO Bonds |
4.00% | 12/01/2026 | $ | 90 | $ | 90,468 | ||||||||||
| Denver City & County School District No. 1, Series 2017, GO Bonds |
5.00% | 12/01/2026 | 30 | 30,971 | ||||||||||||
| Denver City & County School District No. 1, Series 2017, GO Bonds |
5.00% | 12/01/2028 | 30 | 30,736 | ||||||||||||
| Denver City & County School District No. 1, Series 2017, GO Bonds |
5.00% | 12/01/2029 | 65 | 66,507 | ||||||||||||
| Denver City & County School District No. 1, Series 2017, GO Bonds |
5.00% | 12/01/2030 | 105 | 107,373 | ||||||||||||
| Denver City & County School District No. 1, Series 2017, GO Bonds |
5.00% | 12/01/2031 | 555 | 566,730 | ||||||||||||
| Denver City & County School District No. 1, Series 2017, GO Bonds |
5.00% | 12/01/2037 | 5 | 5,074 | ||||||||||||
| Denver City & County School District No. 1, Series 2017, GO Bonds |
5.00% | 12/01/2038 | 90 | 91,259 | ||||||||||||
| Douglas County School District No. Re-1 Douglas & Elbert Counties, Series 2022, Ref. GO Bonds |
5.00% | 12/15/2026 | 40 | 41,353 | ||||||||||||
| E-470 Public Highway Authority, Series 2020 B, Ref. RB |
5.00% | 09/01/2026 | 25 | 25,623 | ||||||||||||
| Eagle County School District No. Re50J, Series 2017, GO Bonds |
5.00% | 12/01/2034 | 10 | 10,192 | ||||||||||||
| Eagle County School District No. Re50J, Series 2017, GO Bonds |
5.00% | 12/01/2035 | 110 | 112,003 | ||||||||||||
| El Paso (County of), CO School District No. 20, Series 2017, GO Bonds |
4.00% | 12/15/2040 | 40 | 38,723 | ||||||||||||
| Jefferson County School District R-1, Series 2012, Ref. GO Bonds |
5.00% | 12/15/2026 | 40 | 41,347 | ||||||||||||
| St. Vrain Valley School District Re-1J (Boulder, Larimer & Weld Counties and the City and County of Broomfield), Series 2016 C, GO Bonds(a)(b) |
4.00% | 12/15/2026 | 50 | 50,754 | ||||||||||||
| St. Vrain Valley School District Re-1J (Boulder, Larimer & Weld Counties and the City and County of Broomfield), Series 2016 C, GO Bonds |
5.00% | 12/15/2032 | 105 | 107,293 | ||||||||||||
| St. Vrain Valley School District Re-1J (Boulder, Larimer & Weld Counties and the City and County of Broomfield), Series 2024, GO Bonds |
5.00% | 12/15/2026 | 20 | 20,661 | ||||||||||||
| University of Colorado, Series 2017 A-2, Ref. RB |
5.00% | 06/01/2026 | 55 | 56,156 | ||||||||||||
| Weld County School District No. RE-4, Series 2016, GO Bonds |
5.25% | 12/01/2041 | 100 | 101,904 | ||||||||||||
|
|
|
|||||||||||||||
| 5,351,139 | ||||||||||||||||
|
|
|
|||||||||||||||
| Connecticut-1.71% |
||||||||||||||||
| Connecticut (State of), Series 2015 A, GO Bonds(a)(b) |
5.00% | 08/01/2025 | 10 | 10,032 | ||||||||||||
| Connecticut (State of), Series 2015 F, GO Bonds |
5.00% | 11/15/2026 | 845 | 852,899 | ||||||||||||
| Connecticut (State of), Series 2016 A, GO Bonds |
5.00% | 03/15/2029 | 5 | 5,073 | ||||||||||||
| Connecticut (State of), Series 2016 A, GO Bonds |
4.00% | 03/15/2035 | 15 | 14,916 | ||||||||||||
| Connecticut (State of), Series 2016 A, GO Bonds |
4.00% | 03/15/2036 | 15 | 14,767 | ||||||||||||
| Connecticut (State of), Series 2016 B, Ref. GO Bonds |
5.00% | 05/15/2026 | 5 | 5,095 | ||||||||||||
| Connecticut (State of), Series 2016 E, GO Bonds |
5.00% | 10/15/2026 | 195 | 200,405 | ||||||||||||
| Connecticut (State of), Series 2016 E, GO Bonds |
5.00% | 10/15/2029 | 295 | 302,308 | ||||||||||||
| Connecticut (State of), Series 2018 B, RB |
5.00% | 10/01/2026 | 200 | 205,697 | ||||||||||||
| Connecticut (State of), Series 2018 C, GO Bonds |
5.00% | 06/15/2026 | 100 | 102,082 | ||||||||||||
| Connecticut (State of), Series 2018 C, Ref. RB |
5.00% | 10/01/2026 | 5 | 5,142 | ||||||||||||
| Connecticut (State of), Series 2018 E, GO Bonds |
5.00% | 09/15/2026 | 205 | 210,323 | ||||||||||||
| Connecticut (State of), Series 2019 A, GO Bonds |
5.00% | 04/15/2026 | 45 | 45,777 | ||||||||||||
| Connecticut (State of), Series 2019 B, Ref. GO Bonds |
5.00% | 02/15/2026 | 85 | 86,165 | ||||||||||||
| Connecticut (State of), Series 2020 A, GO Bonds |
5.00% | 01/15/2026 | 160 | 161,916 | ||||||||||||
| Connecticut (State of), Series 2022 D, Ref. GO Bonds |
5.00% | 09/15/2026 | 510 | 523,244 | ||||||||||||
| Connecticut (State of), Series 2022 E, GO Bonds |
5.00% | 11/15/2026 | 85 | 87,470 | ||||||||||||
| Connecticut (State of), Series 2024 F, GO Bonds |
5.00% | 11/15/2026 | 490 | 504,236 | ||||||||||||
| Connecticut (State of) (Green Bonds), Series 2016 F, GO Bonds |
5.00% | 10/15/2030 | 200 | 204,771 | ||||||||||||
| Connecticut (State of) (Green Bonds), Series 2021 B, GO Bonds |
4.00% | 06/01/2026 | 10 | 10,103 | ||||||||||||
| Connecticut (State of) (Green Bonds), Series 2021 D, Ref. GO Bonds |
5.00% | 07/15/2026 | 10 | 10,225 | ||||||||||||
| Connecticut (State of) (Green Bonds), Series 2024 C, Ref. GO Bonds |
5.00% | 03/01/2026 | 25 | 25,366 | ||||||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2016 A, RB |
5.00% | 09/01/2026 | 180 | 184,796 | ||||||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2016 A, RB |
5.00% | 09/01/2029 | 155 | 158,509 | ||||||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2016 A, RB |
5.00% | 09/01/2030 | 575 | 587,524 | ||||||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2016 A, RB |
5.00% | 09/01/2032 | 5 | 5,097 | ||||||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2016 A, RB, (INS - BAM)(c) |
5.00% | 09/01/2031 | 15 | 15,339 | ||||||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2016, RB |
5.00% | 09/01/2028 | 45 | 46,126 | ||||||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2022 A, RB |
5.00% | 07/01/2026 | 5 | 5,117 | ||||||||||||
| Connecticut (State of) Health & Educational Facilities Authority, Series 2024, Ref. RB |
5.00% | 07/01/2026 | 5 | 5,107 | ||||||||||||
| Connecticut (State of) Health & Educational Facilities Authority (Trinity Health Corp.), Series 2016, RB |
5.00% | 12/01/2041 | 5 | 5,008 | ||||||||||||
| Connecticut (State of) Health & Educational Facilities Authority (Trinity Health Corp.), Series 2016, RB |
5.00% | 12/01/2045 | 195 | 193,090 | ||||||||||||
| Metropolitan District (The), Series 2016 C, GO Bonds, (INS - AGI)(c) |
4.00% | 11/01/2034 | 35 | 35,108 | ||||||||||||
|
|
|
|||||||||||||||
| 4,828,833 | ||||||||||||||||
|
|
|
|||||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Delaware-0.11% |
||||||||||||||||
| Delaware (State of), Series 2017 A, Ref. GO Bonds |
5.00% | 01/01/2026 | $ | 11 | $ | 11,134 | ||||||||||
| Delaware (State of) Transportation Authority, Series 2016, Ref. RB |
5.00% | 07/01/2026 | 285 | 291,773 | ||||||||||||
|
|
|
|||||||||||||||
| 302,907 | ||||||||||||||||
|
|
|
|||||||||||||||
| District of Columbia-1.35% |
||||||||||||||||
| District of Columbia, Series 2016 A, GO Bonds |
4.00% | 06/01/2035 | 20 | 19,845 | ||||||||||||
| District of Columbia, Series 2016 A, GO Bonds |
4.00% | 06/01/2036 | 400 | 392,855 | ||||||||||||
| District of Columbia, Series 2016 A, GO Bonds |
5.00% | 06/01/2041 | 35 | 35,116 | ||||||||||||
| District of Columbia, Series 2016 D, GO Bonds |
5.00% | 06/01/2028 | 135 | 138,868 | ||||||||||||
| District of Columbia, Series 2016 D, GO Bonds |
5.00% | 06/01/2036 | 645 | 655,239 | ||||||||||||
| District of Columbia, Series 2016 D, GO Bonds |
5.00% | 06/01/2041 | 15 | 15,075 | ||||||||||||
| District of Columbia, Series 2016 E, Ref. GO Bonds |
5.00% | 06/01/2026 | 5 | 5,106 | ||||||||||||
| District of Columbia, Series 2016, GO Bonds |
5.00% | 06/01/2033 | 25 | 25,318 | ||||||||||||
| District of Columbia, Series 2019 A, GO Bonds |
5.00% | 10/15/2026 | 435 | 447,768 | ||||||||||||
| District of Columbia, Series 2019 C, Ref. RB |
5.00% | 10/01/2026 | 375 | 385,930 | ||||||||||||
| District of Columbia, Series 2020 B, Ref. RB |
5.00% | 10/01/2026 | 55 | 56,603 | ||||||||||||
| District of Columbia, Series 2022 C, Ref. RB |
5.00% | 12/01/2026 | 80 | 82,637 | ||||||||||||
| District of Columbia, Series 2023 B, Ref. GO Bonds |
5.00% | 06/01/2026 | 15 | 15,318 | ||||||||||||
| District of Columbia, Series 2024 C, Ref. GO Bonds |
5.00% | 12/01/2026 | 55 | 56,772 | ||||||||||||
| District of Columbia (Children’s Hospital Obligated Group), Series 2015, Ref. RB |
5.00% | 07/15/2040 | 25 | 25,018 | ||||||||||||
| District of Columbia (Friendship Public Charter School, Inc.), Series 2016, Ref. RB |
5.00% | 06/01/2041 | 5 | 4,876 | ||||||||||||
| District of Columbia Water & Sewer Authority, Series 2016 A, Ref. RB |
5.00% | 10/01/2029 | 155 | 157,483 | ||||||||||||
| District of Columbia Water & Sewer Authority, Series 2016 A, Ref. RB |
5.00% | 10/01/2030 | 55 | 55,827 | ||||||||||||
| District of Columbia Water & Sewer Authority, Series 2016 A, Ref. RB |
5.00% | 10/01/2036 | 65 | 65,688 | ||||||||||||
| District of Columbia Water & Sewer Authority, Series 2024 A, Ref. RB |
5.00% | 10/01/2026 | 25 | 25,729 | ||||||||||||
| Metropolitan Washington Airports Authority (Dulles Metrorail and Capital Improvement), Series 2009, RB(a)(b) |
6.50% | 10/01/2026 | 600 | 627,632 | ||||||||||||
| Washington Convention & Sports Authority, Series 2018 A, Ref. RB |
5.00% | 10/01/2026 | 100 | 102,518 | ||||||||||||
| Washington Metropolitan Area Transit Authority, Series 2017 B, RB |
5.00% | 07/01/2026 | 200 | 204,473 | ||||||||||||
| Washington Metropolitan Area Transit Authority, Series 2020 A, RB |
5.00% | 07/15/2026 | 60 | 61,391 | ||||||||||||
| Washington Metropolitan Area Transit Authority (Green Bonds), Series 2021 A, RB |
5.00% | 07/15/2026 | 125 | 127,898 | ||||||||||||
|
|
|
|||||||||||||||
| 3,790,983 | ||||||||||||||||
|
|
|
|||||||||||||||
| Florida-3.76% |
||||||||||||||||
| Broward (County of), FL School Board, Series 2015 A, Ref. COP(a)(b) |
5.00% | 07/09/2025 | 125 | 125,231 | ||||||||||||
| Broward (County of), FL School Board, Series 2017 C, Ref. COP |
5.00% | 07/01/2026 | 500 | 510,163 | ||||||||||||
| Central Florida Expressway Authority, Series 2016 A, Ref. RB(a)(b) |
5.00% | 07/01/2026 | 5 | 5,110 | ||||||||||||
| Central Florida Expressway Authority, Series 2016 A, Ref. RB |
4.00% | 07/01/2031 | 35 | 35,189 | ||||||||||||
| Central Florida Expressway Authority, Series 2016 B, Ref. RB(a)(b) |
4.00% | 07/01/2026 | 500 | 505,689 | ||||||||||||
| Central Florida Expressway Authority, Series 2016 B, Ref. RB(a)(b) |
4.00% | 07/01/2026 | 250 | 252,845 | ||||||||||||
| Central Florida Expressway Authority, Series 2016 B, Ref. RB(a)(b) |
5.00% | 07/01/2026 | 290 | 296,361 | ||||||||||||
| Central Florida Expressway Authority, Series 2016 B, Ref. RB(a)(b) |
5.00% | 07/01/2026 | 20 | 20,439 | ||||||||||||
| Central Florida Expressway Authority, Series 2016 B, Ref. RB |
5.00% | 07/01/2028 | 115 | 117,141 | ||||||||||||
| Central Florida Expressway Authority, Series 2016 B, Ref. RB |
4.00% | 07/01/2030 | 20 | 20,119 | ||||||||||||
| Central Florida Expressway Authority, Series 2016 B, Ref. RB |
4.00% | 07/01/2031 | 65 | 65,350 | ||||||||||||
| Central Florida Expressway Authority, Series 2016 B, Ref. RB |
4.00% | 07/01/2038 | 20 | 19,615 | ||||||||||||
| Central Florida Expressway Authority, Series 2016 B, Ref. RB |
4.00% | 07/01/2039 | 140 | 134,081 | ||||||||||||
| Central Florida Expressway Authority, Series 2021, Ref. RB, (INS - AGI)(c) |
5.00% | 07/01/2026 | 375 | 383,709 | ||||||||||||
| Duval County (County of), FL School Board, Series 2016, Ref. COP |
4.00% | 07/01/2034 | 5 | 5,002 | ||||||||||||
| Florida (State of), Series 2016 A, Ref. GO Bonds |
5.00% | 07/01/2026 | 20 | 20,471 | ||||||||||||
| Florida (State of), Series 2016 B, Ref. RB |
5.00% | 07/01/2026 | 180 | 184,219 | ||||||||||||
| Florida (State of), Series 2021 B, Ref. GO Bonds |
5.00% | 06/01/2026 | 195 | 199,215 | ||||||||||||
| Florida (State of) (Capital Outlay), Series 2015 E, Ref. GO Bonds(a)(b) |
5.00% | 06/01/2025 | 50 | 50,000 | ||||||||||||
| Florida (State of) Department of Environmental Protection (FL Forever), Series 2016 A, Ref. RB |
5.00% | 07/01/2026 | 100 | 102,301 | ||||||||||||
| Florida (State of) Department of Management Services, Series 2018 A, Ref. COP |
5.00% | 11/01/2026 | 140 | 144,032 | ||||||||||||
| Florida (State of) Municipal Power Agency, Series 2016 A, Ref. RB |
5.00% | 10/01/2026 | 105 | 107,824 | ||||||||||||
| Florida (State of) Municipal Power Agency, Series 2016 A, Ref. RB |
5.00% | 10/01/2028 | 100 | 102,137 | ||||||||||||
| Florida (State of) Municipal Power Agency, Series 2016 A, Ref. RB |
5.00% | 10/01/2029 | 60 | 61,258 | ||||||||||||
| Florida (State of) Municipal Power Agency, Series 2016 A, Ref. RB |
5.00% | 10/01/2030 | 10 | 10,205 | ||||||||||||
| Florida (State of) Municipal Power Agency, Series 2016 A, Ref. RB |
5.00% | 10/01/2031 | 205 | 209,085 | ||||||||||||
| Halifax Hospital Medical Center, Series 2016, Ref. RB |
5.00% | 06/01/2036 | 500 | 501,084 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Florida-(continued) |
||||||||||||||||
| JEA Electric System, Series 2017 B, Ref. RB |
5.00% | 10/01/2026 | $ | 30 | $ | 30,815 | ||||||||||
| JEA Water & Sewer System, Series 2017 A, Ref. RB |
5.00% | 10/01/2026 | 45 | 46,312 | ||||||||||||
| Miami (City of) & Dade (County of), FL School Board (The), Series 2015 D, Ref. COP |
5.00% | 02/01/2028 | 35 | 35,375 | ||||||||||||
| Miami (City of) & Dade (County of), FL School Board (The), Series 2015 D, Ref. COP |
5.00% | 02/01/2029 | 130 | 131,325 | ||||||||||||
| Miami (City of) & Dade (County of), FL School Board (The), Series 2015 D, Ref. COP |
5.00% | 02/01/2031 | 30 | 30,280 | ||||||||||||
| Miami (City of) & Dade (County of), FL School Board (The), Series 2016 A, Ref. COP |
5.00% | 05/01/2032 | 105 | 106,271 | ||||||||||||
| Miami (City of) & Dade (County of), FL School Board (The), Series 2016 C, Ref. COP |
5.00% | 02/01/2032 | 90 | 90,805 | ||||||||||||
| Miami-Dade (County of), FL, Series 2015 B, Ref. RB |
5.00% | 10/01/2026 | 25 | 25,157 | ||||||||||||
| Miami-Dade (County of), FL, Series 2015, GO Bonds |
5.00% | 07/01/2041 | 500 | 505,366 | ||||||||||||
| Miami-Dade (County of), FL, Series 2015, Ref. RB |
5.00% | 10/01/2026 | 100 | 100,663 | ||||||||||||
| Miami-Dade (County of), FL, Series 2016 A, Ref. GO Bonds |
5.00% | 07/01/2029 | 80 | 81,573 | ||||||||||||
| Miami-Dade (County of), FL, Series 2016 A, Ref. GO Bonds |
5.00% | 07/01/2030 | 115 | 117,138 | ||||||||||||
| Miami-Dade (County of), FL, Series 2016 A, Ref. GO Bonds |
5.00% | 07/01/2031 | 90 | 91,558 | ||||||||||||
| Miami-Dade (County of), FL, Series 2016 A, Ref. GO Bonds |
5.00% | 07/01/2032 | 55 | 55,888 | ||||||||||||
| Miami-Dade (County of), FL, Series 2016 A, Ref. GO Bonds |
5.00% | 07/01/2033 | 135 | 137,078 | ||||||||||||
| Miami-Dade (County of), FL, Series 2016 A, Ref. GO Bonds |
5.00% | 07/01/2034 | 140 | 142,141 | ||||||||||||
| Miami-Dade (County of), FL, Series 2016 A, Ref. GO Bonds |
5.00% | 07/01/2035 | 60 | 60,905 | ||||||||||||
| Miami-Dade (County of), FL, Series 2016 A, Ref. GO Bonds |
5.00% | 07/01/2036 | 115 | 116,734 | ||||||||||||
| Miami-Dade (County of), FL, Series 2016 A, Ref. GO Bonds |
5.00% | 07/01/2037 | 20 | 20,293 | ||||||||||||
| Miami-Dade (County of), FL, Series 2016 A, Ref. RB |
5.00% | 10/01/2041 | 200 | 200,595 | ||||||||||||
| Miami-Dade (County of), FL, Series 2016, Ref. RB |
5.00% | 10/01/2028 | 5 | 5,090 | ||||||||||||
| Miami-Dade (County of), FL, Series 2016, Ref. RB |
5.00% | 10/01/2030 | 55 | 55,909 | ||||||||||||
| Miami-Dade (County of), FL, Series 2016, Ref. RB |
5.00% | 10/01/2031 | 50 | 50,788 | ||||||||||||
| Miami-Dade (County of), FL, Series 2016, Ref. RB |
5.00% | 10/01/2034 | 510 | 520,430 | ||||||||||||
| Miami-Dade (County of), FL, Series 2016, Ref. RB |
5.00% | 10/01/2035 | 305 | 309,685 | ||||||||||||
| Miami-Dade (County of), FL Expressway Authority, Series 2016 A, Ref. RB |
5.00% | 07/01/2029 | 125 | 126,860 | ||||||||||||
| Miami-Dade (County of), FL Transit System, Series 2015, Ref. RB |
5.00% | 07/01/2026 | 10 | 10,013 | ||||||||||||
| Orange (County of), FL Convention Center, Series 2017, Ref. RB |
5.00% | 10/01/2026 | 190 | 195,161 | ||||||||||||
| Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group), Series 2016 A, Ref. RB |
5.00% | 10/01/2033 | 5 | 5,055 | ||||||||||||
| Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group), Series 2016 A, Ref. RB |
5.00% | 10/01/2034 | 150 | 151,376 | ||||||||||||
| Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group), Series 2016 A, Ref. RB |
5.00% | 10/01/2035 | 235 | 236,532 | ||||||||||||
| Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group), Series 2016 A, Ref. RB |
5.00% | 10/01/2036 | 65 | 65,328 | ||||||||||||
| Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group), Series 2016 A, Ref. RB |
5.00% | 10/01/2037 | 45 | 45,124 | ||||||||||||
| Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group), Series 2016 A, Ref. RB |
5.00% | 10/01/2039 | 10 | 9,962 | ||||||||||||
| Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group), Series 2019, Ref. RB |
5.00% | 10/01/2026 | 35 | 35,928 | ||||||||||||
| Orange (County of), FL School Board, Series 2016 C, Ref. COP(a)(b) |
3.38% | 08/01/2026 | 35 | 35,190 | ||||||||||||
| Orange (County of), FL School Board, Series 2016 C, Ref. COP(a)(b) |
5.00% | 08/01/2026 | 510 | 522,362 | ||||||||||||
| Orange (County of), FL School Board, Series 2016 C, Ref. COP(a)(b) |
5.00% | 08/01/2026 | 10 | 10,242 | ||||||||||||
| Orange (County of), FL School Board, Series 2017, Ref. COP |
5.00% | 08/01/2026 | 50 | 51,131 | ||||||||||||
| Orlando (City of), FL Utilities Commission, Series 2020 A, Ref. RB |
5.00% | 10/01/2026 | 25 | 25,699 | ||||||||||||
| Palm Beach County School District, Series 2017 A, Ref. COP |
5.00% | 08/01/2026 | 45 | 46,028 | ||||||||||||
| Port St. Lucie (City of), FL, Series 2016, Ref. RB |
5.00% | 09/01/2029 | 160 | 163,599 | ||||||||||||
| Port St. Lucie (City of), FL, Series 2016, Ref. RB |
4.00% | 09/01/2031 | 600 | 601,589 | ||||||||||||
| Port St. Lucie (City of), FL, Series 2016, Ref. RB |
4.00% | 09/01/2032 | 5 | 5,011 | ||||||||||||
| Port St. Lucie (City of), FL, Series 2016, Ref. RB |
4.00% | 09/01/2033 | 5 | 5,004 | ||||||||||||
| Reedy Creek Improvement District, Series 2016, GO Bonds |
5.00% | 06/01/2035 | 200 | 203,156 | ||||||||||||
| South Broward Hospital District, Series 2016, Ref. RB |
4.00% | 05/01/2033 | 75 | 75,228 | ||||||||||||
| South Florida Water Management District, Series 2016, Ref. COP |
5.00% | 10/01/2026 | 10 | 10,164 | ||||||||||||
| South Florida Water Management District, Series 2016, Ref. COP |
5.00% | 10/01/2027 | 50 | 50,755 | ||||||||||||
| South Florida Water Management District, Series 2016, Ref. COP |
5.00% | 10/01/2028 | 255 | 258,580 | ||||||||||||
| South Florida Water Management District, Series 2016, Ref. COP |
5.00% | 10/01/2029 | 10 | 10,129 | ||||||||||||
| South Florida Water Management District, Series 2016, Ref. COP |
5.00% | 10/01/2032 | 30 | 30,293 | ||||||||||||
| South Florida Water Management District, Series 2016, Ref. COP |
5.00% | 10/01/2033 | 65 | 65,598 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| Florida-(continued) |
||||||||||||
| South Florida Water Management District, Series 2016, Ref. COP |
5.00% | 10/01/2035 | $ | 100 | $ | 100,781 | ||||||
| South Florida Water Management District, Series 2016, Ref. COP |
5.00% | 10/01/2036 | 70 | 70,513 | ||||||||
| Tampa (City of), FL (H. Lee Moffitt Cancer Center), Series 2016, Ref. RB |
5.00% | 07/01/2037 | 25 | 25,078 | ||||||||
| Tampa Bay (City of), FL Water, Series 2016 A, Ref. RB |
5.00% | 10/01/2037 | 25 | 25,571 | ||||||||
| Tampa Bay (City of), FL Water, Series 2016 C, Ref. RB |
5.00% | 10/01/2026 | 50 | 51,457 | ||||||||
| Volusia (County of), FL School Board, Series 2016 A, Ref. COP, (INS - BAM)(c) |
5.00% | 08/01/2032 | 5 | 5,039 | ||||||||
|
|
|
|||||||||||
| 10,585,585 | ||||||||||||
|
|
|
|||||||||||
| Georgia-1.62% |
||||||||||||
| Atlanta (City of), GA, Series 2004, RB, (INS - AGI)(c) |
5.75% | 11/01/2026 | 55 | 57,252 | ||||||||
| Atlanta (City of), GA Department of Aviation, Series 2020 A, Ref. RB |
5.00% | 07/01/2026 | 215 | 219,855 | ||||||||
| Clarke (County of), GA Hospital Authority (Piedmont Healthcare, Inc.), Series 2016 A, Ref. RB |
5.00% | 07/01/2046 | 100 | 100,087 | ||||||||
| DeKalb (County of), GA, Series 2006 B, Ref. RB |
5.25% | 10/01/2026 | 65 | 67,079 | ||||||||
| DeKalb (County of), GA, Series 2006 B, Ref. RB, (INS - AGI)(c) |
5.25% | 10/01/2032 | 400 | 408,458 | ||||||||
| Fulton (County of), GA Development Authority (Piedmont Healthcare, Inc.), Series 2016 A, Ref. RB |
5.00% | 07/01/2046 | 100 | 100,087 | ||||||||
| Georgia (State of), Series 2016 E, Ref. GO Bonds |
5.00% | 12/01/2026 | 125 | 129,120 | ||||||||
| Georgia (State of), Series 2016 F, Ref. GO Bonds |
5.00% | 07/01/2026 | 50 | 51,177 | ||||||||
| Georgia (State of), Series 2017 A-1, GO Bonds |
5.00% | 02/01/2026 | 570 | 577,985 | ||||||||
| Georgia (State of), Series 2017 C, Ref. GO Bonds |
5.00% | 07/01/2026 | 15 | 15,353 | ||||||||
| Georgia (State of), Series 2018 A, GO Bonds |
5.00% | 07/01/2026 | 325 | 332,653 | ||||||||
| Georgia (State of) (Bidding Group 1), Series 2020 A, GO Bonds |
5.00% | 08/01/2026 | 60 | 61,524 | ||||||||
| Georgia (State of) (Bidding Group 1), Series 2021 A, Ref. GO Bonds |
5.00% | 07/01/2026 | 200 | 204,710 | ||||||||
| Georgia (State of) (Bidding Group 1), Series 2022 A, GO Bonds |
5.00% | 07/01/2026 | 45 | 46,060 | ||||||||
| Georgia (State of) (Bidding Group 3), Series 2022 C, Ref. GO Bonds |
4.00% | 07/01/2026 | 30 | 30,389 | ||||||||
| Georgia (State of) (Tranche 1), Series 2019 A, GO Bonds |
5.00% | 07/01/2026 | 105 | 107,473 | ||||||||
| Georgia (State of) (Tranche 2), Series 2015 A, GO Bonds |
5.00% | 02/01/2026 | 100 | 100,154 | ||||||||
| Georgia (State of) (Tranche 2), Series 2016 A, GO Bonds |
5.00% | 02/01/2030 | 30 | 30,385 | ||||||||
| Georgia (State of) Municipal Electric Authority, Series 2016 S, Ref. RB |
5.00% | 01/01/2028 | 10 | 10,215 | ||||||||
| Georgia (State of) Municipal Electric Authority, Series 2024, Ref. RB |
5.00% | 01/01/2026 | 50 | 50,507 | ||||||||
| Georgia (State of) Municipal Electric Authority (Project One), Series 2016 A, Ref. RB |
5.00% | 01/01/2028 | 185 | 188,977 | ||||||||
| Georgia (State of) Road & Tollway Authority (Garvee), Series 2020, RB |
5.00% | 06/01/2026 | 120 | 122,486 | ||||||||
| Gwinnett County School District, Series 2022 B, GO Bonds |
5.00% | 08/01/2026 | 40 | 41,132 | ||||||||
| Henry County School District, Series 2016, GO Bonds(a)(b) |
4.00% | 08/01/2026 | 50 | 50,644 | ||||||||
| Henry County School District, Series 2016, GO Bonds(a)(b) |
4.00% | 08/01/2026 | 10 | 10,129 | ||||||||
| Henry County School District, Series 2016, GO Bonds(a)(b) |
4.00% | 08/01/2026 | 20 | 20,258 | ||||||||
| Henry County School District, Series 2016, GO Bonds |
5.00% | 08/01/2026 | 120 | 123,062 | ||||||||
| Main Street Natural Gas, Inc., Series 2007 A, RB |
5.50% | 09/15/2026 | 170 | 173,617 | ||||||||
| Metropolitan Atlanta Rapid Transit Authority, Series 2015 C, Ref. RB |
5.00% | 07/01/2026 | 175 | 179,064 | ||||||||
| Metropolitan Atlanta Rapid Transit Authority, Series 2015 C, Ref. RB |
5.00% | 07/01/2028 | 35 | 35,766 | ||||||||
| Metropolitan Atlanta Rapid Transit Authority, Series 2015 C, Ref. RB |
5.00% | 07/01/2029 | 30 | 30,636 | ||||||||
| Metropolitan Atlanta Rapid Transit Authority, Series 2016 B, Ref. RB(a)(b) |
5.00% | 07/01/2026 | 90 | 92,023 | ||||||||
| Metropolitan Atlanta Rapid Transit Authority, Series 2016 B, Ref. RB(a)(b) |
5.00% | 07/01/2026 | 105 | 107,360 | ||||||||
| Metropolitan Atlanta Rapid Transit Authority, Series 2016 B, Ref. RB(a)(b) |
5.00% | 07/01/2026 | 15 | 15,337 | ||||||||
| Metropolitan Atlanta Rapid Transit Authority, Series 2016 B, Ref. RB(a)(b) |
5.00% | 07/01/2026 | 70 | 71,573 | ||||||||
| Private Colleges & Universities Authority (Emory University), Series 2016 A, Ref. RB |
5.00% | 10/01/2046 | 80 | 80,344 | ||||||||
| Private Colleges & Universities Authority (Emory University), Series 2016 B, Ref. RB |
4.00% | 10/01/2038 | 210 | 206,308 | ||||||||
| Private Colleges & Universities Authority (Emory University), Series 2016 B, Ref. RB |
5.00% | 10/01/2038 | 100 | 100,854 | ||||||||
| Richmond (County of), GA Board of Education, Series 2023, GO Bonds |
5.00% | 10/01/2026 | 25 | 25,719 | ||||||||
| Sandy Springs (City of), GA Public Facilities Authority (City Center), Series 2015, RB(a)(b) |
4.00% | 05/01/2026 | 20 | 20,215 | ||||||||
| Sandy Springs (City of), GA Public Facilities Authority (City Center), Series 2015, RB(a)(b) |
5.00% | 05/01/2026 | 130 | 132,561 | ||||||||
| Sandy Springs (City of), GA Public Facilities Authority (City Center), Series 2015, RB(a)(b) |
5.00% | 05/01/2026 | 35 | 35,690 | ||||||||
|
|
|
|||||||||||
| 4,564,278 | ||||||||||||
|
|
|
|||||||||||
| Hawaii-1.00% |
||||||||||||
| Hawaii (State of), Series 2015 EZ, Ref. GO Bonds |
5.00% | 10/01/2026 | 65 | 65,409 | ||||||||
| Hawaii (State of), Series 2016 FB, GO Bonds |
4.00% | 04/01/2026 | 195 | 196,852 | ||||||||
| Hawaii (State of), Series 2016 FB, GO Bonds |
4.00% | 04/01/2028 | 115 | 115,835 | ||||||||
| Hawaii (State of), Series 2016 FE, Ref. GO Bonds |
5.00% | 10/01/2026 | 5 | 5,146 | ||||||||
| Hawaii (State of), Series 2016 FE, Ref. GO Bonds |
5.00% | 10/01/2028 | 235 | 239,878 | ||||||||
| Hawaii (State of), Series 2016 FG, GO Bonds |
5.00% | 10/01/2028 | 75 | 76,941 | ||||||||
| Hawaii (State of), Series 2016 FG, GO Bonds |
5.00% | 10/01/2029 | 65 | 66,597 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| Hawaii-(continued) |
||||||||||||
| Hawaii (State of), Series 2016 FG, GO Bonds |
5.00% | 10/01/2030 | $ | 120 | $ | 122,790 | ||||||
| Hawaii (State of), Series 2016 FG, GO Bonds |
5.00% | 10/01/2031 | 190 | 194,043 | ||||||||
| Hawaii (State of), Series 2016 FG, GO Bonds |
4.00% | 10/01/2032 | 20 | 20,061 | ||||||||
| Hawaii (State of), Series 2016 FG, GO Bonds |
4.00% | 10/01/2034 | 35 | 35,024 | ||||||||
| Hawaii (State of), Series 2016 FH, Ref. GO Bonds |
5.00% | 10/01/2026 | 85 | 87,477 | ||||||||
| Hawaii (State of), Series 2016 FH, Ref. GO Bonds |
5.00% | 10/01/2028 | 155 | 159,012 | ||||||||
| Hawaii (State of), Series 2016 FH, Ref. GO Bonds |
5.00% | 10/01/2029 | 20 | 20,491 | ||||||||
| Hawaii (State of), Series 2016 FH, Ref. GO Bonds |
4.00% | 10/01/2031 | 430 | 431,823 | ||||||||
| Hawaii (State of), Series 2017 FN, Ref. GO Bonds |
5.00% | 10/01/2026 | 150 | 154,372 | ||||||||
| Hawaii (State of), Series 2019 FW, GO Bonds |
5.00% | 01/01/2026 | 45 | 45,542 | ||||||||
| Honolulu (City & County of), HI, Series 2016 B, Ref. RB |
5.00% | 07/01/2035 | 10 | 10,131 | ||||||||
| Honolulu (City & County of), HI, Series 2016 B, Ref. RB |
5.00% | 07/01/2036 | 5 | 5,061 | ||||||||
| Honolulu (City & County of), HI (Honolulu Rail Transit), Series 2019 A, GO Bonds |
5.00% | 09/01/2026 | 590 | 605,500 | ||||||||
| Honolulu (City & County of), HI (Honolulu Rail Transit), Series 2020 B, Ref. GO Bonds |
5.00% | 03/01/2026 | 45 | 45,699 | ||||||||
| Honolulu (City & County of), HI (Honolulu Rail Transit), Series 2021, GO Bonds |
5.00% | 03/01/2026 | 60 | 60,932 | ||||||||
| Honolulu (City & County of), HI (Honolulu Rail Transit), Series 2023, Ref. GO Bonds |
5.00% | 03/01/2026 | 55 | 55,883 | ||||||||
|
|
|
|||||||||||
| 2,820,499 | ||||||||||||
|
|
|
|||||||||||
| Idaho-0.05% |
||||||||||||
| Idaho (State of) Housing & Finance Association, Series 2015, Ref. RB |
5.00% | 07/15/2026 | 60 | 61,464 | ||||||||
| Idaho State Building Authority, Series 2024 A, RB |
5.00% | 06/01/2026 | 40 | 40,817 | ||||||||
| Idaho State Building Authority (School Modernization Facilities), Series 2025, RB |
5.00% | 06/01/2026 | 30 | 30,613 | ||||||||
|
|
|
|||||||||||
| 132,894 | ||||||||||||
|
|
|
|||||||||||
| Illinois-5.63% |
||||||||||||
| Chicago (City of), IL, Series 1999, RB |
5.00% | 11/01/2028 | 60 | 61,140 | ||||||||
| Chicago (City of), IL, Series 1999, RB |
5.00% | 11/01/2029 | 40 | 40,720 | ||||||||
| Chicago (City of), IL, Series 1999, RB |
5.00% | 11/01/2030 | 415 | 422,083 | ||||||||
| Chicago (City of), IL, Series 2004, Ref. RB |
5.00% | 11/01/2026 | 30 | 30,763 | ||||||||
| Chicago (City of), IL, Series 2016 C, Ref. GO Bonds |
5.00% | 01/01/2038 | 100 | 99,025 | ||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2016 B, Ref. RB |
5.00% | 01/01/2034 | 15 | 15,087 | ||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2016 B, Ref. RB |
5.00% | 01/01/2041 | 300 | 300,393 | ||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2016 C, Ref. RB |
5.00% | 01/01/2026 | 20 | 20,206 | ||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2016 C, Ref. RB |
5.00% | 01/01/2028 | 80 | 80,653 | ||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2016 C, Ref. RB |
5.00% | 01/01/2029 | 60 | 60,474 | ||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2016 C, Ref. RB |
5.00% | 01/01/2030 | 60 | 60,453 | ||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2016 C, Ref. RB |
5.00% | 01/01/2032 | 80 | 80,548 | ||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2016 C, Ref. RB |
5.00% | 01/01/2033 | 25 | 25,159 | ||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2016 C, Ref. RB |
5.00% | 01/01/2034 | 240 | 241,395 | ||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2016 C, Ref. RB |
5.00% | 01/01/2036 | 140 | 140,648 | ||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2016 C, Ref. RB |
5.00% | 01/01/2037 | 285 | 286,134 | ||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2016 C, Ref. RB |
5.00% | 01/01/2038 | 125 | 125,400 | ||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2017 E, RB |
5.00% | 01/01/2026 | 40 | 40,413 | ||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2024 D, Ref. RB |
5.00% | 01/01/2026 | 100 | 101,032 | ||||||||
| Chicago (City of), IL Metropolitan Water Reclamation District, Series 2016 A, Ref. GO Bonds |
5.00% | 12/01/2026 | 1,075 | 1,109,792 | ||||||||
| Chicago (City of), IL Metropolitan Water Reclamation District, Series 2016 A, Ref. GO Bonds |
5.00% | 12/01/2029 | 260 | 266,221 | ||||||||
| Chicago (City of), IL Metropolitan Water Reclamation District, Series 2016 A, Ref. GO Bonds |
5.00% | 12/01/2030 | 95 | 97,105 | ||||||||
| Chicago (City of), IL Metropolitan Water Reclamation District, Series 2016 A, Ref. GO Bonds |
5.00% | 12/01/2031 | 40 | 40,845 | ||||||||
| Chicago (City of), IL Metropolitan Water Reclamation District (Green Bonds), Series 2016 A, Ref. GO Bonds |
5.00% | 12/01/2028 | 65 | 66,613 | ||||||||
| Chicago (City of), IL Midway International Airport, Series 2016 B, Ref. RB |
5.00% | 01/01/2046 | 250 | 249,035 | ||||||||
| Chicago (City of), IL Midway International Airport, Series 2023 B, Ref. RB, (INS - BAM)(c) |
5.00% | 01/01/2026 | 5 | 5,058 | ||||||||
| Chicago (City of), IL Transit Authority, Series 2017, RB |
5.00% | 12/01/2046 | 75 | 72,476 | ||||||||
| Cook (County of), IL, Series 2016 A, Ref. GO Bonds |
5.00% | 11/15/2026 | 135 | 138,670 | ||||||||
| Cook (County of), IL, Series 2016 A, Ref. GO Bonds |
5.00% | 11/15/2028 | 40 | 40,910 | ||||||||
| Cook (County of), IL, Series 2016 A, Ref. GO Bonds |
5.00% | 11/15/2029 | 100 | 102,132 | ||||||||
| Cook (County of), IL, Series 2016 A, Ref. GO Bonds |
5.00% | 11/15/2030 | 345 | 351,912 | ||||||||
| Cook (County of), IL, Series 2016 A, Ref. GO Bonds |
5.00% | 11/15/2031 | 680 | 692,656 | ||||||||
| Cook (County of), IL, Series 2018, Ref. GO Bonds |
5.00% | 11/15/2034 | 30 | 30,444 | ||||||||
| Cook (County of), IL, Series 2018, Ref. GO Bonds |
5.00% | 11/15/2035 | 360 | 365,069 | ||||||||
| Cook (County of), IL, Series 2021 A, Ref. GO Bonds |
5.00% | 11/15/2026 | 30 | 30,815 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| Illinois-(continued) |
||||||||||||
| Du Page & Will Counties Community School District No. 204 Indian Prairie, Series 2017, Ref. GO Bonds |
4.00% | 12/30/2026 | $ | 170 | $ | 172,435 | ||||||
| Illinois (State of), Series 2016 C, Ref. RB |
4.00% | 06/15/2029 | 35 | 35,064 | ||||||||
| Illinois (State of), Series 2016 C, Ref. RB, (INS - BAM)(c) |
4.00% | 06/15/2028 | 120 | 120,403 | ||||||||
| Illinois (State of), Series 2016 D, Ref. RB |
5.00% | 06/15/2028 | 10 | 10,137 | ||||||||
| Illinois (State of), Series 2016 D, Ref. RB |
4.00% | 06/15/2030 | 40 | 40,052 | ||||||||
| Illinois (State of), Series 2016, GO Bonds |
5.00% | 01/01/2026 | 20 | 20,202 | ||||||||
| Illinois (State of), Series 2016, GO Bonds |
5.00% | 06/01/2026 | 10 | 10,173 | ||||||||
| Illinois (State of), Series 2016, GO Bonds |
5.00% | 11/01/2028 | 75 | 76,456 | ||||||||
| Illinois (State of), Series 2016, GO Bonds |
3.50% | 06/01/2029 | 5 | 4,897 | ||||||||
| Illinois (State of), Series 2016, GO Bonds |
5.00% | 11/01/2029 | 45 | 45,811 | ||||||||
| Illinois (State of), Series 2016, GO Bonds |
5.00% | 11/01/2030 | 15 | 15,258 | ||||||||
| Illinois (State of), Series 2016, GO Bonds |
4.00% | 01/01/2031 | 140 | 139,064 | ||||||||
| Illinois (State of), Series 2016, GO Bonds |
4.13% | 11/01/2031 | 210 | 209,198 | ||||||||
| Illinois (State of), Series 2016, GO Bonds |
5.00% | 01/01/2032 | 100 | 100,641 | ||||||||
| Illinois (State of), Series 2016, GO Bonds |
5.00% | 11/01/2032 | 115 | 116,696 | ||||||||
| Illinois (State of), Series 2016, GO Bonds |
5.00% | 01/01/2033 | 570 | 573,450 | ||||||||
| Illinois (State of), Series 2016, GO Bonds |
4.00% | 06/01/2033 | 750 | 733,163 | ||||||||
| Illinois (State of), Series 2016, GO Bonds |
5.00% | 11/01/2033 | 60 | 60,770 | ||||||||
| Illinois (State of), Series 2016, GO Bonds |
4.00% | 06/01/2034 | 145 | 140,542 | ||||||||
| Illinois (State of), Series 2016, GO Bonds |
5.00% | 11/01/2034 | 515 | 520,590 | ||||||||
| Illinois (State of), Series 2016, GO Bonds |
5.00% | 01/01/2035 | 130 | 130,575 | ||||||||
| Illinois (State of), Series 2016, GO Bonds |
4.00% | 06/01/2035 | 100 | 95,888 | ||||||||
| Illinois (State of), Series 2016, GO Bonds |
4.25% | 01/01/2036 | 200 | 192,856 | ||||||||
| Illinois (State of), Series 2016, GO Bonds |
5.00% | 11/01/2036 | 215 | 216,680 | ||||||||
| Illinois (State of), Series 2016, GO Bonds |
4.50% | 11/01/2039 | 10 | 9,547 | ||||||||
| Illinois (State of), Series 2016, GO Bonds, (INS - AGI)(c) |
4.00% | 01/01/2039 | 30 | 28,008 | ||||||||
| Illinois (State of), Series 2016, Ref. GO Bonds |
5.00% | 02/01/2026 | 120 | 121,382 | ||||||||
| Illinois (State of), Series 2017 A, GO Bonds |
5.00% | 12/01/2026 | 5 | 5,125 | ||||||||
| Illinois (State of), Series 2017 D, GO Bonds |
3.25% | 11/01/2026 | 80 | 79,752 | ||||||||
| Illinois (State of), Series 2017 D, GO Bonds |
5.00% | 11/01/2026 | 510 | 522,469 | ||||||||
| Illinois (State of), Series 2018 B, Ref. GO Bonds |
5.00% | 10/01/2026 | 145 | 148,258 | ||||||||
| Illinois (State of), Series 2019 A, GO Bonds |
5.00% | 11/01/2026 | 75 | 76,781 | ||||||||
| Illinois (State of), Series 2020 B, Ref. GO Bonds |
5.00% | 10/01/2026 | 50 | 51,123 | ||||||||
| Illinois (State of), Series 2020, GO Bonds |
5.50% | 05/01/2026 | 25 | 25,507 | ||||||||
| Illinois (State of), Series 2021 A, GO Bonds |
5.00% | 03/01/2026 | 5 | 5,065 | ||||||||
| Illinois (State of), Series 2021 A, GO Bonds |
5.00% | 12/01/2026 | 185 | 189,904 | ||||||||
| Illinois (State of), Series 2021 B, GO Bonds |
5.00% | 03/01/2026 | 5 | 5,065 | ||||||||
| Illinois (State of), Series 2022 A, GO Bonds |
5.00% | 03/01/2026 | 5 | 5,065 | ||||||||
| Illinois (State of), Series 2022 B, Ref. GO Bonds |
5.00% | 03/01/2026 | 20 | 20,259 | ||||||||
| Illinois (State of), Series 2023 D, Ref. GO Bonds |
5.00% | 07/01/2026 | 65 | 66,208 | ||||||||
| Illinois (State of), Series 2024 B, GO Bonds |
5.00% | 05/01/2026 | 25 | 25,396 | ||||||||
| Illinois (State of), Series 2024, Ref. GO Bonds |
5.00% | 02/01/2026 | 10 | 10,115 | ||||||||
| Illinois (State of) Educational Facilities Authority, Series 2002, RB |
4.00% | 11/01/2036 | 80 | 79,295 | ||||||||
| Illinois (State of) Finance Authority (Art Institute of Chicago), Series 2016, Ref. RB |
5.00% | 03/01/2030 | 160 | 161,868 | ||||||||
| Illinois (State of) Finance Authority (Ascension Health), Series 2016 C, Ref. RB |
5.00% | 02/15/2026 | 215 | 217,826 | ||||||||
| Illinois (State of) Finance Authority (Carle Foundation (The)), Series 2016 A, Ref. RB |
5.00% | 02/15/2045 | 500 | 494,286 | ||||||||
| Illinois (State of) Finance Authority (Clean Water Initiative), Series 2016, RB(a) |
4.00% | 07/01/2026 | 135 | 135,755 | ||||||||
| Illinois (State of) Finance Authority (Mercy Health Corp.), Series 2016, Ref. RB |
5.00% | 12/01/2040 | 105 | 105,001 | ||||||||
| Illinois (State of) Finance Authority (Mercy Health Corp.), Series 2016, Ref. RB |
5.00% | 12/01/2046 | 180 | 177,822 | ||||||||
| Illinois (State of) Finance Authority (Northwest Community Hospital), Series 2016 A, Ref. RB(a)(b) |
4.00% | 07/01/2026 | 5 | 5,054 | ||||||||
| Illinois (State of) Finance Authority (Northwest Community Hospital), Series 2016 A, Ref. RB(a)(b) |
5.00% | 07/01/2026 | 35 | 35,749 | ||||||||
| Illinois (State of) Finance Authority (Northwest Community Hospital), Series 2016 A, Ref. RB(a)(b) |
5.00% | 07/01/2026 | 15 | 15,321 | ||||||||
| Illinois (State of) Finance Authority (Northwestern Memorial Healthcare), Series 2017, Ref. RB |
5.00% | 07/15/2026 | 5 | 5,106 | ||||||||
| Illinois (State of) Finance Authority (Northwestern University), Series 2015, RB |
5.00% | 12/01/2026 | 20 | 20,182 | ||||||||
| Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion), Series 2024, Ref. RB |
4.00% | 12/15/2026 | 25 | 25,254 | ||||||||
| Illinois (State of) Regional Transportation Authority, Series 2017 A, Ref. RB |
5.00% | 07/01/2026 | 75 | 76,565 | ||||||||
| Illinois (State of) Toll Highway Authority, Series 2015 B, RB |
5.00% | 01/01/2036 | 260 | 261,491 | ||||||||
| Illinois (State of) Toll Highway Authority, Series 2015 B, RB |
5.00% | 01/01/2037 | 10 | 10,047 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| Illinois-(continued) |
||||||||||||
| Illinois (State of) Toll Highway Authority, Series 2015 B, RB |
5.00% | 01/01/2040 | $ | 1,120 | $ | 1,122,400 | ||||||
| Illinois (State of) Toll Highway Authority, Series 2016 A, Ref. RB |
4.00% | 12/01/2031 | 175 | 175,136 | ||||||||
| Illinois (State of) Toll Highway Authority, Series 2016 A, Ref. RB |
5.00% | 12/01/2031 | 170 | 171,312 | ||||||||
| Illinois (State of) Toll Highway Authority, Series 2016 A, Ref. RB |
5.00% | 12/01/2032 | 285 | 287,084 | ||||||||
| Illinois (State of) Toll Highway Authority, Series 2016 B, RB |
5.00% | 01/01/2041 | 275 | 275,792 | ||||||||
| Illinois (State of) Toll Highway Authority, Series 2019 B, Ref. RB |
5.00% | 01/01/2026 | 160 | 161,966 | ||||||||
| Illinois (State of) Toll Highway Authority, Series 2019, Ref. RB |
5.00% | 01/01/2026 | 420 | 425,161 | ||||||||
| Northern Illinois Municipal Power Agency, Series 2016 A, Ref. RB |
5.00% | 12/01/2041 | 75 | 75,777 | ||||||||
| Rosemont (Village of), IL, Series 2017 A, GO Bonds, (INS - AGI)(c) |
5.00% | 12/01/2046 | 140 | 142,406 | ||||||||
| Sales Tax Securitization Corp., Series 2017 A, Ref. RB |
5.00% | 01/01/2026 | 35 | 35,345 | ||||||||
| Sales Tax Securitization Corp., Series 2021 A, Ref. RB |
5.00% | 01/01/2026 | 35 | 35,345 | ||||||||
| Will & Kendall Counties Community Consolidated School District 202 Plainfield, Series 2018 A, Ref. GO Bonds |
4.00% | 01/01/2026 | 15 | 15,062 | ||||||||
| Wisconsin (State of) Health & Educational Facilities Authority (Unitypoint Health), Series 2016 D, Ref. RB(a)(b) |
4.00% | 02/15/2026 | 55 | 55,397 | ||||||||
|
|
|
|||||||||||
| 15,872,314 | ||||||||||||
|
|
|
|||||||||||
| Indiana-1.19% |
||||||||||||
| Carmel (City of), IN Local Public Improvement Bond Bank, Series 2016, RB, (CEP - Colorado Higher Education Intercept Program) |
5.00% | 07/15/2031 | 90 | 91,545 | ||||||||
| Carmel (City of), IN Local Public Improvement Bond Bank, Series 2016, RB, (CEP - Colorado Higher Education Intercept Program) |
5.00% | 07/15/2032 | 250 | 254,127 | ||||||||
| Carmel (City of), IN Local Public Improvement Bond Bank, Series 2016, RB, (CEP - Colorado Higher Education Intercept Program) |
5.00% | 07/15/2034 | 555 | 563,550 | ||||||||
| Indiana (State of) Finance Authority, Series 2016 C, Ref. RB |
5.00% | 06/01/2028 | 40 | 40,957 | ||||||||
| Indiana (State of) Finance Authority, Series 2016, Ref. RB |
5.00% | 09/01/2036 | 45 | 45,552 | ||||||||
| Indiana (State of) Finance Authority (CWA Authority), Series 2021, Ref. RB |
5.00% | 10/01/2026 | 35 | 35,965 | ||||||||
| Indiana (State of) Finance Authority (Deaconess Health System Obligated Group), Series 2016 A, RB(a)(b) |
4.00% | 09/01/2026 | 165 | 167,186 | ||||||||
| Indiana (State of) Finance Authority (Green Bonds), Series 2016 E, Ref. RB |
5.00% | 02/01/2026 | 500 | 506,839 | ||||||||
| Indiana (State of) Finance Authority (Green Bonds), Series 2016, Ref. RB |
5.00% | 02/01/2029 | 15 | 15,342 | ||||||||
| Indiana (State of) Municipal Power Agency, Series 2016 A, Ref. RB |
5.00% | 01/01/2033 | 15 | 15,172 | ||||||||
| Indiana (State of) Municipal Power Agency, Series 2016 A, Ref. RB |
5.00% | 01/01/2034 | 35 | 35,369 | ||||||||
| Indiana (State of) Municipal Power Agency, Series 2016 A, Ref. RB |
5.00% | 01/01/2035 | 260 | 262,548 | ||||||||
| Indiana (State of) Municipal Power Agency, Series 2016 A, Ref. RB |
5.00% | 01/01/2037 | 15 | 15,128 | ||||||||
| Indiana (State of) Municipal Power Agency, Series 2016 A, Ref. RB |
4.00% | 01/01/2042 | 65 | 60,627 | ||||||||
| Indiana (State of) Municipal Power Agency, Series 2016 A, Ref. RB |
5.00% | 01/01/2042 | 615 | 618,052 | ||||||||
| Indiana (State of) Municipal Power Agency, Series 2016 C, Ref. RB |
5.00% | 01/01/2039 | 50 | 50,395 | ||||||||
| Indiana University, Series 2016 A, Ref. RB |
5.00% | 06/01/2028 | 25 | 25,417 | ||||||||
| Indianapolis (City of), IN Department of Public Utilities, Series 2018 A, Ref. RB |
5.00% | 10/01/2026 | 545 | 560,307 | ||||||||
|
|
|
|||||||||||
| 3,364,078 | ||||||||||||
|
|
|
|||||||||||
| Iowa-0.17% |
||||||||||||
| Iowa (State of), Series 2016 A, Ref. RB |
4.00% | 06/01/2026 | 35 | 35,349 | ||||||||
| Iowa (State of), Series 2016 A, Ref. RB |
5.00% | 06/01/2028 | 55 | 56,025 | ||||||||
| Iowa (State of) Finance Authority (Green Bonds), Series 2017, Ref. RB |
5.00% | 08/01/2026 | 70 | 71,794 | ||||||||
| Iowa (State of) Higher Education Loan Authority (Grinnell College), Series 2017, RB |
5.00% | 12/01/2041 | 185 | 188,992 | ||||||||
| Xenia (City of), IA Rural Water District, Series 2016, Ref. RB(a)(b) |
5.00% | 12/01/2026 | 85 | 87,675 | ||||||||
| Xenia (City of), IA Rural Water District, Series 2016, Ref. RN(a)(b) |
5.00% | 12/01/2026 | 30 | 30,944 | ||||||||
|
|
|
|||||||||||
| 470,779 | ||||||||||||
|
|
|
|||||||||||
| Kansas-0.34% |
||||||||||||
| Johnson (County of), KS Public Building Commission (Courthouse & Medical Examiners), Series 2018 A, RB |
5.00% | 09/01/2026 | 145 | 148,683 | ||||||||
| Johnson (County of), KS Unified School District No. 233 (Olathe), Series 2016 B, Ref. GO Bonds |
4.00% | 09/01/2030 | 20 | 20,156 | ||||||||
| Johnson (County of), KS Unified School District No. 233 (Olathe), Series 2016 B, Ref. GO Bonds |
4.00% | 09/01/2031 | 125 | 125,786 | ||||||||
| Kansas (State of) Department of Transportation, Series 2015 B, RB(a)(b) |
5.00% | 09/01/2025 | 40 | 40,183 | ||||||||
| Kansas (State of) Department of Transportation, Series 2024 A, Ref. RB |
5.00% | 09/01/2026 | 95 | 97,437 | ||||||||
| Sedgwick County Unified School District No. 260 Derby, Series 2018 B, Ref. GO Bonds(a)(b) |
5.00% | 10/01/2026 | 20 | 20,556 | ||||||||
| Wyandotte County Unified School District No. 500, Series 2016 A, GO Bonds(a)(b) |
4.00% | 09/01/2026 | 25 | 25,316 | ||||||||
| Wyandotte County Unified School District No. 500, Series 2016 A, GO Bonds(a)(b) |
4.13% | 09/01/2026 | 25 | 25,354 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| Kansas-(continued) |
||||||||||||
| Wyandotte County Unified School District No. 500, Series 2016 A, GO Bonds(a)(b) |
5.25% | 09/01/2026 | $ | 55 | $ | 56,530 | ||||||
| Wyandotte County Unified School District No. 500, Series 2016 A, GO Bonds(a)(b) |
5.50% | 09/01/2026 | 380 | 391,726 | ||||||||
|
|
|
|||||||||||
| 951,727 | ||||||||||||
|
|
|
|||||||||||
| Kentucky-0.71% |
||||||||||||
| Kentucky (Commonwealth of) Asset Liability Commission (2014 Federal Highway Trust Fund), Series 2024, Ref. RB |
5.00% | 09/01/2026 | 175 | 179,272 | ||||||||
| Kentucky (Commonwealth of) Property & Building Commission (No. 112), Series 2016 B, Ref. RB |
5.00% | 11/01/2026 | 430 | 441,238 | ||||||||
| Kentucky (Commonwealth of) Property & Building Commission (No. 112), Series 2016 B, Ref. RB |
5.00% | 11/01/2028 | 80 | 81,868 | ||||||||
| Kentucky (Commonwealth of) Property & Building Commission (No. 130), Series 2024 B, Ref. RB |
5.00% | 11/01/2026 | 100 | 102,614 | ||||||||
| Kentucky (Commonwealth of) Turnpike Authority (Revitalization), Series 2016 A, Ref. RB |
5.00% | 07/01/2028 | 70 | 71,167 | ||||||||
| Kentucky (Commonwealth of) Turnpike Authority (Revitalization), Series 2017 B, Ref. RB |
5.00% | 07/01/2026 | 245 | 250,664 | ||||||||
| Louisville (City of) & Jefferson (County of), KY Metropolitan Government (Norton Healthcare, Inc.), Series 2016 A, Ref. RB |
5.00% | 10/01/2029 | 80 | 81,407 | ||||||||
| Louisville (City of) & Jefferson (County of), KY Metropolitan Government (Norton Healthcare, Inc.), Series 2016 A, Ref. RB |
5.00% | 10/01/2030 | 375 | 381,064 | ||||||||
| Louisville (City of) & Jefferson (County of), KY Metropolitan Government (Norton Healthcare, Inc.), Series 2016 A, Ref. RB |
5.00% | 10/01/2031 | 125 | 126,856 | ||||||||
| Louisville (City of) & Jefferson (County of), KY Metropolitan Government (Norton Healthcare, Inc.), Series 2016 A, Ref. RB |
5.00% | 10/01/2032 | 120 | 121,599 | ||||||||
| Louisville (City of) & Jefferson (County of), KY Metropolitan Government (Norton Healthcare, Inc.), Series 2016 A, Ref. RB |
5.00% | 10/01/2033 | 125 | 126,449 | ||||||||
| University of Kentucky, Series 2018 A, RB, (CEP - Colorado Higher Education Intercept Program) |
4.00% | 10/01/2032 | 45 | 45,057 | ||||||||
|
|
|
|||||||||||
| 2,009,255 | ||||||||||||
|
|
|
|||||||||||
| Louisiana-0.48% |
||||||||||||
| Louisiana (State of), Series 2016 B, Ref. GO Bonds |
5.00% | 08/01/2026 | 235 | 240,832 | ||||||||
| Louisiana (State of), Series 2016 B, Ref. GO Bonds |
5.00% | 08/01/2028 | 65 | 66,393 | ||||||||
| Louisiana (State of) (Garvee), Series 2019 A, RB |
5.00% | 09/01/2026 | 250 | 256,661 | ||||||||
| Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Louisiana Insurance Guaranty Association Project), Series 2022, RB |
5.00% | 08/15/2026 | 20 | 20,442 | ||||||||
| Louisiana (State of) Public Facilities Authority (Ochsner Clinic Foundation), Series 2016, Ref. RB |
4.00% | 05/15/2035 | 160 | 160,000 | ||||||||
| Louisiana (State of) Public Facilities Authority (Ochsner Clinic Foundation), Series 2016, Ref. RB |
4.00% | 05/15/2036 | 320 | 316,932 | ||||||||
| Louisiana (State of) Public Facilities Authority (Ochsner Clinic Foundation), Series 2016, Ref. RB |
5.00% | 05/15/2047 | 75 | 72,711 | ||||||||
| Louisiana (State of) Public Facilities Authority (Provident Group-Flagship Properties LLC- Louisiana State University Nicholson Gateway), Series 2016, RB |
5.00% | 07/01/2051 | 10 | 9,638 | ||||||||
| Louisiana State Citizens Property Insurance Corp., Series 2016 A, Ref. RB |
5.00% | 06/01/2026 | 150 | 152,915 | ||||||||
| Shreveport (City of), LA, Series 2016 B, RB |
5.00% | 12/01/2041 | 50 | 50,561 | ||||||||
|
|
|
|||||||||||
| 1,347,085 | ||||||||||||
|
|
|
|||||||||||
| Maine-0.02% |
||||||||||||
| Maine (State of) Municipal Bond Bank (Transcap), Series 2021 A, Ref. RB(a) |
5.00% | 09/01/2026 | 50 | 51,270 | ||||||||
|
|
|
|||||||||||
| Maryland-1.67% |
||||||||||||
| Howard (County of), MD, Series 2017 D, Ref. GO Bonds |
5.00% | 02/15/2026 | 45 | 45,670 | ||||||||
| Maryland (State of), Second Series 2018 B, GO Bonds |
5.00% | 08/01/2026 | 35 | 35,877 | ||||||||
| Maryland (State of), Series 2015 B, Ref. GO Bonds |
4.00% | 08/01/2026 | 200 | 202,737 | ||||||||
| Maryland (State of), Series 2017 A, GO Bonds |
5.00% | 03/15/2026 | 10 | 10,165 | ||||||||
| Maryland (State of), Series 2017 A, GO Bonds |
5.00% | 08/01/2026 | 80 | 82,004 | ||||||||
| Maryland (State of), Series 2017 B, Ref. GO Bonds |
5.00% | 08/01/2026 | 65 | 66,628 | ||||||||
| Maryland (State of), Series 2018 A, GO Bonds |
5.00% | 03/15/2026 | 100 | 101,655 | ||||||||
| Maryland (State of) (Bidding Group 1), Second Series 2019 A, GO Bonds |
5.00% | 08/01/2026 | 105 | 107,630 | ||||||||
| Maryland (State of) (Bidding Group 1), Series 2020 A, GO Bonds |
5.00% | 08/01/2026 | 150 | 153,758 | ||||||||
| Maryland (State of) (Bidding Group 1), Series 2021 A, GO Bonds |
5.00% | 08/01/2026 | 180 | 184,509 | ||||||||
| Maryland (State of) Department of Transportation, Series 2017, RB |
5.00% | 05/01/2026 | 35 | 35,034 | ||||||||
| Maryland (State of) Department of Transportation, Series 2019, RB |
5.00% | 10/01/2026 | 1,500 | 1,543,720 | ||||||||
| Maryland (State of) Department of Transportation, Series 2022 B, Ref. RB |
5.00% | 12/01/2026 | 60 | 61,978 | ||||||||
| Maryland (State of) Department of Transportation (Second Issue), Series 2018, RB |
5.00% | 10/01/2026 | 165 | 169,809 | ||||||||
| Maryland (State of) Department of Transportation (Second Issue), Series 2018, RB |
5.00% | 10/01/2028 | 250 | 256,757 | ||||||||
| Maryland (State of) Department of Transportation (Second Issue), Series 2018, RB |
5.00% | 10/01/2029 | 10 | 10,258 | ||||||||
| Maryland (State of) Stadium Authority (Baltimore City Public Schools), Series 2016, RB, (CEP - Colorado Higher Education Intercept Program)(a)(b) |
5.00% | 05/01/2026 | 615 | 626,611 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| Maryland-(continued) |
||||||||||||
| Maryland (State of) Stadium Authority (Baltimore City Public Schools), Series 2016, RB, (CEP - Colorado Higher Education Intercept Program)(a)(b) |
5.00% | 05/01/2026 | $ | 290 | $ | 295,475 | ||||||
| Maryland (State of) Transportation Authority, Series 2021 A, Ref. RB |
5.00% | 07/01/2026 | 35 | 35,817 | ||||||||
| Montgomery (County of), MD, Series 2017 C, Ref. GO Bonds |
5.00% | 10/01/2026 | 370 | 380,637 | ||||||||
| Montgomery (County of), MD, Series 2018 A, GO Bonds |
5.00% | 11/01/2026 | 160 | 164,900 | ||||||||
| Montgomery (County of), MD, Series 2024 B, Ref. GO Bonds |
5.00% | 12/01/2026 | 40 | 41,301 | ||||||||
| Prince George’s (County of), MD, Series 2018 A, GO Bonds |
5.00% | 07/15/2026 | 70 | 71,709 | ||||||||
| Washington (State of) Suburban Sanitary Commission, Series 2017, Ref. RB |
3.00% | 06/01/2026 | 20 | 19,993 | ||||||||
|
|
|
|||||||||||
| 4,704,632 | ||||||||||||
|
|
|
|||||||||||
| Massachusetts-4.02% |
||||||||||||
| Massachusetts (Commonwealth of), Series 2015 A, Ref. GO Bonds |
5.00% | 07/01/2026 | 165 | 168,885 | ||||||||
| Massachusetts (Commonwealth of), Series 2016 A, Ref. GO Bonds |
5.00% | 07/01/2026 | 10 | 10,235 | ||||||||
| Massachusetts (Commonwealth of), Series 2016 A, Ref. GO Bonds |
5.00% | 07/01/2028 | 160 | 163,587 | ||||||||
| Massachusetts (Commonwealth of), Series 2016 A, Ref. GO Bonds |
5.00% | 07/01/2029 | 20 | 20,422 | ||||||||
| Massachusetts (Commonwealth of), Series 2016 A, Ref. GO Bonds |
5.00% | 07/01/2031 | 55 | 56,041 | ||||||||
| Massachusetts (Commonwealth of), Series 2016 A, Ref. GO Bonds |
5.00% | 07/01/2032 | 50 | 50,877 | ||||||||
| Massachusetts (Commonwealth of), Series 2016 A, Ref. RB |
5.00% | 06/01/2026 | 70 | 71,506 | ||||||||
| Massachusetts (Commonwealth of), Series 2016 B, Ref. GO Bonds |
5.00% | 07/01/2026 | 85 | 87,002 | ||||||||
| Massachusetts (Commonwealth of), Series 2016 B, Ref. GO Bonds |
5.00% | 07/01/2031 | 290 | 295,490 | ||||||||
| Massachusetts (Commonwealth of), Series 2016 B, Ref. GO Bonds |
4.00% | 07/01/2033 | 300 | 300,860 | ||||||||
| Massachusetts (Commonwealth of), Series 2016 B, Ref. GO Bonds |
5.00% | 07/01/2033 | 200 | 203,309 | ||||||||
| Massachusetts (Commonwealth of), Series 2016 B, Ref. GO Bonds |
5.00% | 07/01/2034 | 80 | 81,243 | ||||||||
| Massachusetts (Commonwealth of), Series 2016 B, Ref. GO Bonds |
5.00% | 07/01/2036 | 100 | 101,219 | ||||||||
| Massachusetts (Commonwealth of), Series 2016 B, Ref. GO Bonds |
5.00% | 07/01/2038 | 135 | 136,265 | ||||||||
| Massachusetts (Commonwealth of), Series 2016 C, Ref. GO Bonds |
5.00% | 04/01/2026 | 150 | 152,671 | ||||||||
| Massachusetts (Commonwealth of), Series 2016 G, GO Bonds |
4.00% | 09/01/2032 | 10 | 10,042 | ||||||||
| Massachusetts (Commonwealth of), Series 2016 G, GO Bonds |
4.00% | 09/01/2034 | 40 | 40,077 | ||||||||
| Massachusetts (Commonwealth of), Series 2016 G, GO Bonds |
4.00% | 09/01/2035 | 290 | 289,202 | ||||||||
| Massachusetts (Commonwealth of), Series 2016 G, GO Bonds |
4.00% | 09/01/2037 | 20 | 19,848 | ||||||||
| Massachusetts (Commonwealth of), Series 2016 G, Ref. GO Bonds |
4.00% | 09/01/2033 | 5 | 5,015 | ||||||||
| Massachusetts (Commonwealth of), Series 2016 H, GO Bonds |
5.00% | 12/01/2026 | 140 | 144,614 | ||||||||
| Massachusetts (Commonwealth of), Series 2016 I, GO Bonds |
5.00% | 12/01/2028 | 15 | 15,458 | ||||||||
| Massachusetts (Commonwealth of), Series 2016 I, GO Bonds |
5.00% | 12/01/2029 | 5 | 5,144 | ||||||||
| Massachusetts (Commonwealth of), Series 2016 I, GO Bonds |
5.00% | 12/01/2030 | 25 | 25,682 | ||||||||
| Massachusetts (Commonwealth of), Series 2016 I, GO Bonds |
5.00% | 12/01/2031 | 45 | 46,153 | ||||||||
| Massachusetts (Commonwealth of), Series 2016 I, GO Bonds |
5.00% | 12/01/2033 | 5 | 5,111 | ||||||||
| Massachusetts (Commonwealth of), Series 2016 I, GO Bonds |
5.00% | 12/01/2034 | 515 | 525,699 | ||||||||
| Massachusetts (Commonwealth of), Series 2016 I, GO Bonds |
5.00% | 12/01/2035 | 70 | 71,293 | ||||||||
| Massachusetts (Commonwealth of), Series 2016 J, GO Bonds |
5.00% | 12/01/2036 | 20 | 20,322 | ||||||||
| Massachusetts (Commonwealth of), Series 2016 J, GO Bonds |
5.00% | 12/01/2037 | 115 | 116,627 | ||||||||
| Massachusetts (Commonwealth of), Series 2016 J, Ref. GO Bonds |
5.00% | 12/01/2038 | 30 | 30,370 | ||||||||
| Massachusetts (Commonwealth of), Series 2017 C, Ref. GO Bonds |
5.00% | 10/01/2026 | 50 | 51,457 | ||||||||
| Massachusetts (Commonwealth of), Series 2017 D, Ref. GO Bonds |
5.00% | 07/01/2026 | 25 | 25,589 | ||||||||
| Massachusetts (Commonwealth of), Series 2017 E, Ref. GO Bonds |
5.00% | 11/01/2026 | 240 | 247,451 | ||||||||
| Massachusetts (Commonwealth of), Series 2018 B, Ref. GO Bonds |
5.00% | 07/01/2026 | 20 | 20,471 | ||||||||
| Massachusetts (Commonwealth of), Series 2018 C, Ref. GO Bonds |
5.00% | 09/01/2026 | 125 | 128,408 | ||||||||
| Massachusetts (Commonwealth of), Series 2019 A, Ref. GO Bonds |
5.00% | 01/01/2026 | 115 | 116,400 | ||||||||
| Massachusetts (Commonwealth of), Series 2019 C, Ref. GO Bonds |
5.00% | 05/01/2026 | 200 | 203,958 | ||||||||
| Massachusetts (Commonwealth of), Series 2019 E, Ref. GO Bonds |
3.00% | 12/01/2026 | 5 | 5,007 | ||||||||
| Massachusetts (Commonwealth of), Series 2019 F, GO Bonds |
5.00% | 05/01/2026 | 75 | 76,484 | ||||||||
| Massachusetts (Commonwealth of), Series 2020 E, GO Bonds |
5.00% | 11/01/2026 | 5 | 5,155 | ||||||||
| Massachusetts (Commonwealth of) (Rail Enhancement & Accelerated Bridge Program), Series 2016 A, RB |
5.00% | 06/01/2041 | 30 | 30,118 | ||||||||
| Massachusetts (Commonwealth of) Bay Transportation Authority, Series 2005 A, RB |
5.00% | 07/01/2026 | 125 | 127,944 | ||||||||
| Massachusetts (Commonwealth of) Bay Transportation Authority, Series 2006 A, Ref. RB |
5.25% | 07/01/2026 | 5 | 5,124 | ||||||||
| Massachusetts (Commonwealth of) Clean Water Trust (The), Series 2014, Ref. RB(a) |
5.00% | 08/01/2026 | 20 | 20,496 | ||||||||
| Massachusetts (Commonwealth of) Development Finance Agency, Series 2016, Ref. RB |
5.00% | 07/01/2046 | 500 | 481,687 | ||||||||
| Massachusetts (Commonwealth of) Development Finance Agency, Series 2017, RB |
5.00% | 07/01/2047 | 25 | 23,575 | ||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Bentley University), Series 2016, RB |
5.00% | 07/01/2040 | 755 | 758,947 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| Massachusetts-(continued) |
||||||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Berklee College of Music), Series 2016, Ref. RB |
5.00% | 10/01/2046 | $ | 250 | $ | 250,433 | ||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Boston Medical Center), Series 2016 E, Ref. RB |
5.00% | 07/01/2037 | 220 | 219,724 | ||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Boston University), Series 2016 BB-1, RB |
5.00% | 10/01/2046 | 5 | 5,023 | ||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Caregroup), Series 2016 I, Ref. RB |
5.00% | 07/01/2028 | 10 | 10,147 | ||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Dana-Farber Cancer Institute), Series 2016, RB |
5.00% | 12/01/2046 | 1,500 | 1,479,919 | ||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Emmanuel College), Series 2016 A, Ref. RB |
5.00% | 10/01/2043 | 180 | 167,055 | ||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Harvard University), Series 2016 A, Ref. RB |
5.00% | 07/15/2026 | 100 | 102,063 | ||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Harvard University), Series 2016 A, Ref. RB |
4.00% | 07/15/2029 | 20 | 20,093 | ||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Harvard University), Series 2016 A, Ref. RB |
5.00% | 07/15/2033 | 510 | 516,847 | ||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Harvard University), Series 2016 A, Ref. RB |
5.00% | 07/15/2034 | 10 | 10,127 | ||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Harvard University), Series 2016 A, Ref. RB |
4.00% | 07/15/2036 | 75 | 72,967 | ||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Harvard University), Series 2020 A, Ref. RB |
5.00% | 10/15/2026 | 305 | 312,709 | ||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Partners Healthcare System), Series 2016, Ref. RB |
5.00% | 07/01/2028 | 15 | 15,295 | ||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Partners Healthcare System), Series 2016, Ref. RB |
5.00% | 07/01/2029 | 25 | 25,473 | ||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Partners Healthcare System), Series 2016, Ref. RB |
5.00% | 07/01/2031 | 250 | 254,405 | ||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Partners Healthcare System), Series 2016, Ref. RB |
4.00% | 07/01/2032 | 10 | 10,032 | ||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Partners Healthcare System), Series 2016, Ref. RB |
5.00% | 07/01/2041 | 200 | 200,906 | ||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Partners Healthcare System), Series 2016, Ref. RB |
5.00% | 07/01/2047 | 50 | 49,480 | ||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Partners Healthcare System), Series 2017, Ref. RB |
5.00% | 07/01/2026 | 25 | 25,564 | ||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (South Shore Hospital), Series 2016 I, Ref. RB |
5.00% | 07/01/2041 | 70 | 68,397 | ||||||||
| Massachusetts (Commonwealth of) School Building Authority, Series 2016 B, RB |
5.00% | 11/15/2035 | 50 | 50,772 | ||||||||
| Massachusetts (Commonwealth of) School Building Authority, Series 2016 B, RB |
5.00% | 11/15/2036 | 45 | 45,623 | ||||||||
| Massachusetts (Commonwealth of) School Building Authority, Series 2016 B, RB |
5.00% | 11/15/2046 | 40 | 40,066 | ||||||||
| Massachusetts (Commonwealth of) School Building Authority, Series 2016 C, Ref. RB |
5.00% | 11/15/2033 | 20 | 20,387 | ||||||||
| Massachusetts (Commonwealth of) School Building Authority, Series 2016 C, Ref. RB |
5.00% | 11/15/2034 | 420 | 427,119 | ||||||||
| Massachusetts (Commonwealth of) School Building Authority, Series 2019 A, RB(a)(b) |
5.00% | 02/15/2026 | 250 | 253,758 | ||||||||
| Massachusetts (Commonwealth of) Transportation Trust Fund, Series 2019 A, Ref. RB |
5.00% | 01/01/2026 | 70 | 70,893 | ||||||||
| Massachusetts (Commonwealth of) Transportation Trust Fund (Contract Assistance), Series 2018, Ref. RB |
5.00% | 01/01/2026 | 65 | 65,829 | ||||||||
| Massachusetts (Commonwealth of) Water Resources Authority (Green Bonds), Series 2016 C, Ref. RB(a)(b) |
5.00% | 08/01/2026 | 160 | 164,157 | ||||||||
| Massachusetts (Commonwealth of) Water Resources Authority (Green Bonds), Series 2016 C, Ref. RB(a)(b) |
5.00% | 08/01/2026 | 155 | 159,027 | ||||||||
| Massachusetts (Commonwealth of) Water Resources Authority (Green Bonds), Series 2016 C, Ref. RB(a)(b) |
5.00% | 08/01/2026 | 5 | 5,130 | ||||||||
| Massachusetts (Commonwealth of) Water Resources Authority (Green Bonds), Series 2016 C, Ref. RB(a)(b) |
5.00% | 08/01/2026 | 495 | 507,859 | ||||||||
| Massachusetts (Commonwealth of) Water Resources Authority (Green Bonds), Series 2016 C, Ref. RB(a)(b) |
5.00% | 08/01/2026 | 5 | 5,130 | ||||||||
| Massachusetts (Commonwealth of) Water Resources Authority (Green Bonds), Series 2016 C, Ref. RB(a)(b) |
5.00% | 08/01/2026 | 5 | 5,130 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| Massachusetts-(continued) |
||||||||||||
| Massachusetts (Commonwealth of) Water Resources Authority (Green Bonds), Series 2016 C, Ref. RB(a)(b) |
5.00% | 08/01/2026 | $ | 15 | $ | 15,390 | ||||||
| Massachusetts (Commonwealth of) Water Resources Authority (Green Bonds), Series 2016 C, Ref. RB(a)(b) |
5.00% | 08/01/2026 | 35 | 35,909 | ||||||||
| Massachusetts (Commonwealth of) Water Resources Authority (Green Bonds), Series 2016 C, Ref. RB |
5.00% | 08/01/2028 | 10 | 10,252 | ||||||||
| Massachusetts (Commonwealth of) Water Resources Authority (Green Bonds), Series 2016 C, Ref. RB |
5.00% | 08/01/2030 | 20 | 20,462 | ||||||||
|
|
|
|||||||||||
| 11,318,092 | ||||||||||||
|
|
|
|||||||||||
| Michigan-2.96% |
||||||||||||
| Great Lakes Water Authority, Series 2016 A, RB |
5.00% | 07/01/2046 | 30 | 30,048 | ||||||||
| Great Lakes Water Authority, Series 2016 B, RB |
5.00% | 07/01/2046 | 20 | 20,013 | ||||||||
| Great Lakes Water Authority, Series 2016 B, Ref. RB |
5.00% | 07/01/2030 | 400 | 407,090 | ||||||||
| Great Lakes Water Authority, Series 2016 B, Ref. RB |
5.00% | 07/01/2031 | 150 | 152,547 | ||||||||
| Great Lakes Water Authority, Series 2016 B, Ref. RB |
5.00% | 07/01/2033 | 25 | 25,379 | ||||||||
| Great Lakes Water Authority, Series 2016 C, Ref. RB |
5.00% | 07/01/2028 | 20 | 20,396 | ||||||||
| Great Lakes Water Authority, Series 2016 C, Ref. RB |
5.00% | 07/01/2029 | 25 | 25,468 | ||||||||
| Great Lakes Water Authority, Series 2016 C, Ref. RB |
5.00% | 07/01/2030 | 185 | 188,279 | ||||||||
| Great Lakes Water Authority, Series 2016 C, Ref. RB |
5.00% | 07/01/2031 | 35 | 35,527 | ||||||||
| Great Lakes Water Authority, Series 2016 C, Ref. RB |
5.00% | 07/01/2031 | 160 | 162,614 | ||||||||
| Great Lakes Water Authority, Series 2016 C, Ref. RB |
5.00% | 07/01/2032 | 90 | 91,386 | ||||||||
| Great Lakes Water Authority, Series 2016 C, Ref. RB |
5.25% | 07/01/2033 | 150 | 152,522 | ||||||||
| Great Lakes Water Authority, Series 2016 C, Ref. RB |
5.00% | 07/01/2035 | 160 | 162,102 | ||||||||
| Great Lakes Water Authority, Series 2016 C, Ref. RB |
5.00% | 07/01/2036 | 225 | 227,216 | ||||||||
| Great Lakes Water Authority, Series 2016 D, Ref. RB |
5.00% | 07/01/2030 | 500 | 507,796 | ||||||||
| Great Lakes Water Authority, Series 2016 D, Ref. RB |
5.00% | 07/01/2031 | 20 | 20,301 | ||||||||
| Great Lakes Water Authority, Series 2016 D, Ref. RB |
5.00% | 07/01/2036 | 30 | 30,296 | ||||||||
| Great Lakes Water Authority, Series 2018 A, Ref. RB |
5.00% | 07/01/2026 | 170 | 173,601 | ||||||||
| Great Lakes Water Authority, Series 2024 A, Ref. RB |
5.00% | 07/01/2026 | 110 | 112,472 | ||||||||
| Great Lakes Water Authority, Series 2024 A, Ref. RB |
5.00% | 07/01/2026 | 5 | 5,112 | ||||||||
| Livonia Public Schools, Series 2016, GO Bonds, (INS - AGI)(c) |
5.00% | 05/01/2045 | 45 | 45,480 | ||||||||
| Michigan (State of), Series 2017 A, Ref. GO Bonds |
5.00% | 05/01/2026 | 55 | 56,088 | ||||||||
| Michigan (State of), Series 2018, GO Bonds |
4.00% | 05/01/2028 | 45 | 45,415 | ||||||||
| Michigan (State of), Series 2018, GO Bonds |
4.00% | 05/01/2029 | 60 | 60,507 | ||||||||
| Michigan (State of), Series 2023, RB |
5.00% | 11/15/2026 | 5 | 5,160 | ||||||||
| Michigan (State of) (Garvee), Series 2016, Ref. RB |
5.00% | 03/15/2026 | 185 | 188,033 | ||||||||
| Michigan (State of) Building Authority (Facilities Program), Series 2016 I, Ref. RB |
5.00% | 10/15/2030 | 160 | 163,774 | ||||||||
| Michigan (State of) Building Authority (Facilities Program), Series 2016 I, Ref. RB |
5.00% | 10/15/2031 | 175 | 178,885 | ||||||||
| Michigan (State of) Building Authority (Facilities Program), Series 2016 I, Ref. RB |
5.00% | 10/15/2032 | 115 | 117,475 | ||||||||
| Michigan (State of) Building Authority (Facilities Program), Series 2016 I, Ref. RB |
5.00% | 10/15/2033 | 40 | 40,762 | ||||||||
| Michigan (State of) Building Authority (Facilities Program), Series 2016 I, Ref. RB |
5.00% | 10/15/2034 | 500 | 508,852 | ||||||||
| Michigan (State of) Building Authority (Facilities Program), Series 2016 I, Ref. RB |
5.00% | 04/15/2035 | 135 | 137,313 | ||||||||
| Michigan (State of) Building Authority (Facilities Program), Series 2016 I, Ref. RB |
5.00% | 04/15/2041 | 300 | 301,969 | ||||||||
| Michigan (State of) Building Authority (Facilities Program), Series 2016 I, Ref. RB |
5.00% | 10/15/2046 | 150 | 150,464 | ||||||||
| Michigan (State of) Building Authority (Facilities Program), Series 2016 I, Ref. RB |
5.00% | 10/15/2051 | 400 | 401,042 | ||||||||
| Michigan (State of) Finance Authority (Bronson Healthcare Group), Series 2020 A, Ref. RB |
5.00% | 05/15/2036 | 80 | 80,584 | ||||||||
| Michigan (State of) Finance Authority (Clean Water Revolving Fund), Series 2016 B, Ref. RB |
5.00% | 10/01/2026 | 515 | 530,079 | ||||||||
| Michigan (State of) Finance Authority (Clean Water Revolving Fund), Series 2016 B, Ref. RB |
5.00% | 10/01/2029 | 140 | 143,957 | ||||||||
| Michigan (State of) Finance Authority (Clean Water Revolving Fund), Series 2016, Ref. RB |
5.00% | 10/01/2028 | 235 | 241,517 | ||||||||
| Michigan (State of) Finance Authority (Henry Ford Health System), Series 2016, Ref. RB |
5.00% | 11/15/2028 | 20 | 20,426 | ||||||||
| Michigan (State of) Finance Authority (Henry Ford Health System), Series 2016, Ref. RB |
5.00% | 11/15/2029 | 70 | 71,379 | ||||||||
| Michigan (State of) Finance Authority (Henry Ford Health System), Series 2016, Ref. RB |
5.00% | 11/15/2030 | 35 | 35,642 | ||||||||
| Michigan (State of) Finance Authority (Henry Ford Health System), Series 2016, Ref. RB |
5.00% | 11/15/2031 | 5 | 5,084 | ||||||||
| Michigan (State of) Finance Authority (Henry Ford Health System), Series 2016, Ref. RB |
5.00% | 11/15/2032 | 140 | 142,124 | ||||||||
| Michigan (State of) Finance Authority (Henry Ford Health System), Series 2016, Ref. RB |
5.00% | 11/15/2034 | 80 | 80,951 | ||||||||
| Michigan (State of) Finance Authority (Henry Ford Health System), Series 2016, Ref. RB |
5.00% | 11/15/2037 | 500 | 502,838 | ||||||||
| Michigan (State of) Finance Authority (Henry Ford Health System), Series 2016, Ref. RB |
5.00% | 11/15/2041 | 110 | 110,098 | ||||||||
| Michigan (State of) Finance Authority (Trinity Health Credit Group), Series 2016 MI, Ref. RB |
5.00% | 12/01/2033 | 220 | 222,659 | ||||||||
| Michigan (State of) Finance Authority (Trinity Health Credit Group), Series 2016, Ref. RB |
5.00% | 12/01/2045 | 15 | 14,853 | ||||||||
| Michigan (State of) Finance Authority (Trinity Health Credit Group), Series 2017, Ref. RB |
5.00% | 12/01/2026 | 230 | 236,897 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Michigan-(continued) |
||||||||||||||||
| Michigan (State of) Hospital Finance Authority (Ascension Senior Credit Group), Series 2010, Ref. RB(a)(b) |
5.00% | 11/15/2026 | $ | 45 | $ | 46,047 | ||||||||||
| Michigan (State of) Hospital Finance Authority (Trinity Health Credit Group), Series 2008 C, Ref. RB |
5.00% | 12/01/2026 | 105 | 108,149 | ||||||||||||
| Oakland University Board of Trustees, Series 2016, RB |
5.00% | 03/01/2047 | 150 | 141,451 | ||||||||||||
| Port Huron Area School District, Series 2016, GO Bonds, (INS - AGI)(c) |
4.00% | 05/01/2039 | 230 | 223,178 | ||||||||||||
| University of Michigan, Series 2015, Ref. RB(a)(b) |
5.00% | 04/01/2026 | 135 | 137,292 | ||||||||||||
| University of Michigan, Series 2015, Ref. RB(a)(b) |
5.00% | 04/01/2026 | 75 | 76,273 | ||||||||||||
| University of Michigan, Series 2015, Ref. RB(a)(b) |
5.00% | 04/01/2026 | 55 | 55,934 | ||||||||||||
| University of Michigan, Series 2015, Ref. RB |
5.00% | 04/01/2031 | 70 | 71,225 | ||||||||||||
| University of Michigan, Series 2015, Ref. RB |
4.00% | 04/01/2034 | 5 | 5,008 | ||||||||||||
| University of Michigan, Series 2017 A, Ref. RB |
5.00% | 04/01/2026 | 85 | 86,485 | ||||||||||||
|
|
|
|||||||||||||||
| 8,341,514 | ||||||||||||||||
|
|
|
|||||||||||||||
| Minnesota-0.84% |
||||||||||||||||
| Metropolitan Council, Series 2021 C, GO Bonds |
5.00% | 12/01/2026 | 25 | 25,831 | ||||||||||||
| Minneapolis & St. Paul (Cities of), MN Metropolitan Airports Commission, Series 2016 A, Ref. RB |
5.00% | 01/01/2026 | 25 | 25,306 | ||||||||||||
| Minnesota (State of), Series 2016 D, Ref. GO Bonds |
5.00% | 08/01/2026 | 45 | 46,127 | ||||||||||||
| Minnesota (State of), Series 2017 A, GO Bonds |
5.00% | 10/01/2026 | 500 | 514,375 | ||||||||||||
| Minnesota (State of), Series 2017 D, Ref. GO Bonds |
5.00% | 10/01/2026 | 85 | 87,444 | ||||||||||||
| Minnesota (State of), Series 2018 A, GO Bonds |
5.00% | 08/01/2026 | 70 | 71,754 | ||||||||||||
| Minnesota (State of), Series 2020 A, GO Bonds |
5.00% | 08/01/2026 | 25 | 25,626 | ||||||||||||
| Minnesota (State of), Series 2021 A, GO Bonds |
5.00% | 09/01/2026 | 25 | 25,672 | ||||||||||||
| Minnesota (State of), Series 2022 A, Ref. RB |
5.00% | 03/01/2026 | 100 | 101,567 | ||||||||||||
| Minnesota (State of), Series 2023 D, Ref. GO Bonds |
5.00% | 08/01/2026 | 20 | 20,501 | ||||||||||||
| Minnesota (State of), Series 2024 B, GO Bonds |
5.00% | 08/01/2026 | 20 | 20,501 | ||||||||||||
| Minnesota (State of) Public Facilities Authority, Series 2016 A, RB |
5.00% | 03/01/2035 | 5 | 5,055 | ||||||||||||
| Minnesota (State of) Public Facilities Authority, Series 2016 A, RB |
5.00% | 03/01/2036 | 1,250 | 1,263,667 | ||||||||||||
| St. Cloud (City of), MN (CentraCare Health System), Series 2016 A, Ref. RB |
3.25% | 05/01/2039 | 100 | 85,012 | ||||||||||||
| University of Minnesota, Series 2016 A, RB |
5.00% | 04/01/2041 | 50 | 50,195 | ||||||||||||
|
|
|
|||||||||||||||
| 2,368,633 | ||||||||||||||||
|
|
|
|||||||||||||||
| Mississippi-0.42% |
||||||||||||||||
| Mississippi (State of), Series 2016 B, GO Bonds(a)(b) |
5.00% | 12/01/2026 | 80 | 82,577 | ||||||||||||
| Mississippi (State of), Series 2016 B, GO Bonds(a)(b) |
5.00% | 12/01/2026 | 50 | 51,611 | ||||||||||||
| Mississippi (State of), Series 2016 B, GO Bonds(a)(b) |
5.00% | 12/01/2026 | 55 | 56,772 | ||||||||||||
| Mississippi (State of), Series 2016 B, GO Bonds(a)(b) |
5.00% | 12/01/2026 | 55 | 56,772 | ||||||||||||
| Mississippi (State of), Series 2016 B, GO Bonds(a)(b) |
5.00% | 12/01/2026 | 20 | 20,644 | ||||||||||||
| Mississippi (State of), Series 2016 B, GO Bonds(a)(b) |
5.00% | 12/01/2026 | 50 | 51,611 | ||||||||||||
| Mississippi (State of), Series 2016 B, GO Bonds(a)(b) |
5.00% | 12/01/2026 | 35 | 36,128 | ||||||||||||
| Mississippi (State of), Series 2018 A, GO Bonds(a)(b) |
5.00% | 11/01/2026 | 140 | 144,248 | ||||||||||||
| Mississippi (State of), Series 2018 A, GO Bonds(a)(b) |
5.00% | 11/01/2026 | 100 | 103,034 | ||||||||||||
| Mississippi (State of), Series 2018 A, GO Bonds(a)(b) |
5.00% | 11/01/2026 | 30 | 30,910 | ||||||||||||
| Mississippi (State of), Series 2018 A, GO Bonds(a)(b) |
5.00% | 11/01/2026 | 150 | 154,551 | ||||||||||||
| Mississippi (State of), Series 2018 A, GO Bonds |
4.00% | 11/01/2038 | 100 | 97,616 | ||||||||||||
| Mississippi (State of) Hospital Equipment & Facilities Authority (Baptist Memorial Health Care), Series 2016, RB |
5.00% | 09/01/2041 | 200 | 195,169 | ||||||||||||
| Mississippi (State of) Hospital Equipment & Facilities Authority (Baptist Memorial Health Care), Series 2016, RB |
5.00% | 09/01/2046 | 100 | 95,581 | ||||||||||||
|
|
|
|||||||||||||||
| 1,177,224 | ||||||||||||||||
|
|
|
|||||||||||||||
| Missouri-0.75% |
||||||||||||||||
| Curators of the University of Missouri (The), Series 2024, Ref. RB |
5.00% | 11/01/2026 | 50 | 51,482 | ||||||||||||
| Hazelwood School District, Series 2017, Ref. GO Bonds |
4.00% | 03/01/2028 | 190 | 191,526 | ||||||||||||
| Hazelwood School District, Series 2017, Ref. GO Bonds |
4.00% | 03/01/2030 | 130 | 130,764 | ||||||||||||
| Kansas City (City of), MO, Series 2022 A, Ref. GO Bonds |
5.00% | 02/01/2026 | 110 | 111,403 | ||||||||||||
| Metropolitan St. Louis Sewer District, Series 2016 C, RB(a) |
4.00% | 05/01/2041 | 15 | 15,102 | ||||||||||||
| Metropolitan St. Louis Sewer District, Series 2017 A, Ref. RB |
5.00% | 05/01/2026 | 40 | 40,799 | ||||||||||||
| Missouri (State of) Board of Public Buildings, Series 2020 B, Ref. RB |
5.00% | 10/01/2026 | 55 | 56,632 | ||||||||||||
| Missouri (State of) Environmental Improvement & Energy Resources Authority, Series 2015 B, Ref. RB |
5.00% | 07/01/2026 | 15 | 15,023 | ||||||||||||
| Missouri (State of) Health & Educational Facilities Authority (Mercy Health), Series 2018 A, Ref. RB |
5.00% | 06/01/2026 | 5 | 5,089 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| Missouri-(continued) |
||||||||||||
| Missouri (State of) Health & Educational Facilities Authority (St. Luke’s Health System, Inc.), Series 2016, Ref. RB |
5.00% | 11/15/2028 | $ | 25 | $ | 25,423 | ||||||
| Missouri (State of) Health & Educational Facilities Authority (St. Luke’s Health System, Inc.), Series 2016, Ref. RB |
5.00% | 11/15/2029 | 75 | 76,055 | ||||||||
| Missouri (State of) Health & Educational Facilities Authority (St. Luke’s Health System, Inc.), Series 2016, Ref. RB |
5.00% | 11/15/2030 | 75 | 75,973 | ||||||||
| Missouri (State of) Health & Educational Facilities Authority (St. Luke’s Health System, Inc.), Series 2016, Ref. RB |
5.00% | 11/15/2031 | 55 | 55,660 | ||||||||
| Missouri (State of) Health & Educational Facilities Authority (St. Luke’s Health System, Inc.), Series 2016, Ref. RB |
4.00% | 11/15/2033 | 55 | 55,007 | ||||||||
| Missouri (State of) Health & Educational Facilities Authority (St. Luke’s Health System, Inc.), Series 2016, Ref. RB |
5.00% | 11/15/2034 | 30 | 30,250 | ||||||||
| Missouri (State of) Health & Educational Facilities Authority (St. Luke’s Health System, Inc.), Series 2016, Ref. RB |
4.00% | 11/15/2042 | 80 | 72,367 | ||||||||
| Missouri (State of) Highway & Transportation Commission, Series 2014 A, Ref. RB |
5.00% | 05/01/2026 | 300 | 305,964 | ||||||||
| Missouri (State of) Highway & Transportation Commission, Series 2019 B, RB |
5.00% | 11/01/2026 | 135 | 139,210 | ||||||||
| Missouri (State of) Highway & Transportation Commission (State Appropriations Mega), Series 2023, RB |
5.00% | 05/01/2026 | 245 | 249,871 | ||||||||
| Missouri (State of) Joint Municipal Electric Utility Commission (Plum Point), Series 2015 A, Ref. RB |
3.75% | 01/01/2036 | 145 | 140,333 | ||||||||
| Missouri (State of) Joint Municipal Electric Utility Commission (Prairie State), Series 2016 A, Ref. RB |
4.00% | 12/01/2032 | 80 | 80,016 | ||||||||
| Missouri (State of) Joint Municipal Electric Utility Commission (Prairie State), Series 2016 A, Ref. RB |
4.00% | 12/01/2033 | 110 | 108,684 | ||||||||
| St. Louis (City of), MO, Series 2007 A, Ref. RB, (INS - AGI)(c) |
5.25% | 07/01/2026 | 20 | 20,494 | ||||||||
| St. Louis County Reorganized School District No. R-6, Series 2018, GO Bonds |
5.00% | 02/01/2026 | 20 | 20,272 | ||||||||
| St. Louis Land Clearance for Redevelopment Authority, Series 2017, RB |
5.00% | 06/01/2040 | 30 | 29,361 | ||||||||
|
|
|
|||||||||||
| 2,102,760 | ||||||||||||
|
|
|
|||||||||||
| Nebraska-0.16% |
||||||||||||
| Omaha (City of), NE Public Power District, Series 2016 A, Ref. RB |
5.00% | 02/01/2026 | 40 | 40,558 | ||||||||
| Omaha (City of), NE Public Power District, Series 2016 A, Ref. RB |
5.00% | 02/01/2028 | 85 | 86,085 | ||||||||
| Omaha (City of), NE Public Power District, Series 2016 A, Ref. RB |
5.00% | 02/01/2041 | 20 | 20,129 | ||||||||
| Public Power Generation Agency (Whelan Energy Center Unit 2), Series 2016, Ref. RB |
5.00% | 01/01/2032 | 85 | 86,500 | ||||||||
| Sarpy (County of), NE Hospital Authority No. 1 (NE Medicine), Series 2016, Ref. RB |
3.00% | 05/15/2046 | 310 | 222,393 | ||||||||
|
|
|
|||||||||||
| 455,665 | ||||||||||||
|
|
|
|||||||||||
| Nevada-1.11% |
||||||||||||
| Clark (County of), NV, Series 2016 B, Ref. GO Bonds |
5.00% | 11/01/2026 | 305 | 314,254 | ||||||||
| Clark (County of), NV, Series 2016 B, Ref. GO Bonds |
5.00% | 11/01/2028 | 35 | 35,813 | ||||||||
| Clark (County of), NV, Series 2016 B, Ref. GO Bonds |
4.00% | 11/01/2031 | 90 | 90,665 | ||||||||
| Clark (County of), NV, Series 2016 B, Ref. GO Bonds |
4.00% | 11/01/2032 | 20 | 20,090 | ||||||||
| Clark (County of), NV, Series 2016 B, Ref. GO Bonds |
4.00% | 11/01/2034 | 40 | 40,068 | ||||||||
| Clark (County of), NV, Series 2020 C, Ref. RB |
5.00% | 07/01/2026 | 10 | 10,222 | ||||||||
| Clark (County of), NV (Las Vegas McCarran International Airport), Series 2015 C, Ref. RB |
5.00% | 07/01/2026 | 50 | 51,108 | ||||||||
| Clark (County of), NV Department of Aviation, Series 2019, Ref. RB |
5.00% | 07/01/2026 | 55 | 56,218 | ||||||||
| Clark (County of), NV Department of Aviation, Series 2024 A, Ref. RB |
5.00% | 07/01/2026 | 25 | 25,554 | ||||||||
| Clark (County of), NV Water Reclamation District, Series 2016, Ref. GO Bonds |
4.00% | 07/01/2035 | 250 | 250,166 | ||||||||
| Clark County School District, Series 2015 C, Ref. GO Bonds |
5.00% | 06/15/2026 | 25 | 25,254 | ||||||||
| Clark County School District, Series 2016 B, Ref. GO Bonds |
5.00% | 06/15/2026 | 85 | 86,708 | ||||||||
| Clark County School District, Series 2017 A, Ref. GO Bonds |
5.00% | 06/15/2026 | 95 | 96,909 | ||||||||
| Clark County School District No. 114 Evergreen, Series 2019 A, Ref. RB |
5.00% | 07/01/2026 | 20 | 20,443 | ||||||||
| Las Vegas Valley Water District, Series 2016 A, Ref. GO Bonds |
5.00% | 06/01/2033 | 500 | 506,859 | ||||||||
| Las Vegas Valley Water District, Series 2016 A, Ref. GO Bonds |
5.00% | 06/01/2035 | 10 | 10,119 | ||||||||
| Las Vegas Valley Water District, Series 2016 A, Ref. GO Bonds |
5.00% | 06/01/2036 | 175 | 176,818 | ||||||||
| Las Vegas Valley Water District, Series 2016 A, Ref. GO Bonds |
5.00% | 06/01/2037 | 75 | 75,691 | ||||||||
| Las Vegas Valley Water District, Series 2016 A, Ref. GO Bonds |
5.00% | 06/01/2038 | 295 | 297,461 | ||||||||
| Las Vegas Valley Water District, Series 2016 A, Ref. GO Bonds |
5.00% | 06/01/2041 | 175 | 176,001 | ||||||||
| Las Vegas Valley Water District, Series 2016 A, Ref. GO Bonds |
5.00% | 06/01/2046 | 110 | 110,321 | ||||||||
| Las Vegas Valley Water District, Series 2019 B, Ref. GO Bonds |
5.00% | 06/01/2026 | 50 | 51,086 | ||||||||
| Nevada (State of), Series 2016, Ref. RB |
5.00% | 12/01/2026 | 90 | 91,855 | ||||||||
| Nevada (State of), Series 2016, Ref. RB |
5.00% | 12/01/2028 | 80 | 81,247 | ||||||||
| Truckee Meadows Water Authority, Series 2016, Ref. RB(a)(b) |
5.00% | 07/01/2026 | 40 | 40,920 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| Nevada-(continued) |
||||||||||||
| Truckee Meadows Water Authority, Series 2016, Ref. RB |
5.00% | 07/01/2031 | $ | 240 | $ | 244,053 | ||||||
| Truckee Meadows Water Authority, Series 2016, Ref. RB |
5.00% | 07/01/2032 | 130 | 132,098 | ||||||||
|
|
|
|||||||||||
| 3,118,001 | ||||||||||||
|
|
|
|||||||||||
| New Hampshire-0.12% |
||||||||||||
| New Hampshire (State of) Health and Education Facilities Authority (Elliot Hospital), Series 2016, Ref. RB |
5.00% | 10/01/2038 | 30 | 29,884 | ||||||||
| New Hampshire Municipal Bond Bank, Series 2016 D, Ref. RB |
4.00% | 08/15/2039 | 315 | 304,956 | ||||||||
|
|
|
|||||||||||
| 334,840 | ||||||||||||
|
|
|
|||||||||||
| New Jersey-3.91% |
||||||||||||
| Bayonne (City of), NJ, Series 2016, Ref. GO Bonds(a)(b) |
5.00% | 07/01/2026 | 135 | 138,034 | ||||||||
| Hudson County Improvement Authority (Hudson County Vocational - Technical Schools), Series 2016, RB |
5.00% | 05/01/2041 | 20 | 20,061 | ||||||||
| New Jersey (State of), Series 2020 A, GO Bonds |
5.00% | 06/01/2026 | 375 | 382,733 | ||||||||
| New Jersey (State of) Economic Development Authority, Series 2004, RB, (INS - NATL)(c) |
5.25% | 07/01/2026 | 35 | 35,642 | ||||||||
| New Jersey (State of) Economic Development Authority, Series 2015 XX, Ref. RB |
4.25% | 06/15/2026 | 80 | 80,024 | ||||||||
| New Jersey (State of) Economic Development Authority, Series 2016 AAA, RB(a)(b) |
5.00% | 12/15/2026 | 345 | 356,393 | ||||||||
| New Jersey (State of) Economic Development Authority, Series 2016 AAA, RB(a)(b) |
5.00% | 12/15/2026 | 275 | 284,082 | ||||||||
| New Jersey (State of) Economic Development Authority, Series 2016 BBB, Ref. RB(a)(b) |
4.75% | 12/15/2026 | 110 | 113,222 | ||||||||
| New Jersey (State of) Economic Development Authority, Series 2016 BBB, Ref. RB(a)(b) |
5.50% | 12/15/2026 | 465 | 483,828 | ||||||||
| New Jersey (State of) Economic Development Authority, Series 2016 BBB, Ref. RB(a)(b) |
5.50% | 12/15/2026 | 255 | 265,325 | ||||||||
| New Jersey (State of) Economic Development Authority, Series 2016 BBB, Ref. RB(a)(b) |
5.50% | 12/15/2026 | 55 | 57,227 | ||||||||
| New Jersey (State of) Economic Development Authority, Series 2017 B, Ref. RB |
5.00% | 11/01/2026 | 415 | 426,485 | ||||||||
| New Jersey (State of) Economic Development Authority, Series 2023 RRR, Ref. RB |
5.00% | 03/01/2026 | 665 | 674,384 | ||||||||
| New Jersey (State of) Economic Development Authority, Series 2024, Ref. RB |
5.00% | 06/15/2026 | 45 | 45,904 | ||||||||
| New Jersey (State of) Educational Facilities Authority, Series 2016 B, RB |
5.00% | 09/01/2036 | 10 | 10,111 | ||||||||
| New Jersey (State of) Educational Facilities Authority (Montclair University), Series 2016 B, Ref. RB |
5.00% | 07/01/2031 | 145 | 147,153 | ||||||||
| New Jersey (State of) Educational Facilities Authority (Princeton University), Series 2024, Ref. RB |
5.00% | 03/01/2026 | 1,000 | 1,016,272 | ||||||||
| New Jersey (State of) Health Care Facilities Financing Authority (AHS Hospital Corp.), Series 2016, Ref. RB |
4.00% | 07/01/2032 | 190 | 190,546 | ||||||||
| New Jersey (State of) Health Care Facilities Financing Authority (AHS Hospital Corp.), Series 2016, Ref. RB |
5.00% | 07/01/2033 | 65 | 65,929 | ||||||||
| New Jersey (State of) Health Care Facilities Financing Authority (AHS Hospital Corp.), Series 2016, Ref. RB |
4.00% | 07/01/2036 | 200 | 200,175 | ||||||||
| New Jersey (State of) Health Care Facilities Financing Authority (Princeton HealthCare System), Series 2016 A, Ref. RB |
5.00% | 07/01/2039 | 100 | 100,578 | ||||||||
| New Jersey (State of) Health Care Facilities Financing Authority (RWJ Barnabas Health Obligated Group), Series 2016 A, Ref. RB |
5.00% | 07/01/2029 | 75 | 76,331 | ||||||||
| New Jersey (State of) Health Care Facilities Financing Authority (RWJ Barnabas Health Obligated Group), Series 2016 A, Ref. RB |
5.00% | 07/01/2030 | 170 | 172,904 | ||||||||
| New Jersey (State of) Health Care Facilities Financing Authority (RWJ Barnabas Health Obligated Group), Series 2016 A, Ref. RB |
5.00% | 07/01/2031 | 70 | 71,144 | ||||||||
| New Jersey (State of) Health Care Facilities Financing Authority (RWJ Barnabas Health Obligated Group), Series 2016 A, Ref. RB |
5.00% | 07/01/2043 | 280 | 277,709 | ||||||||
| New Jersey (State of) Health Care Facilities Financing Authority (RWJ Barnabas Health Obligated Group), Series 2016, Ref. RB |
4.00% | 07/01/2035 | 645 | 646,031 | ||||||||
| New Jersey (State of) Health Care Facilities Financing Authority (St. Joseph’s Healthcare System Obligated Group), Series 2016, Ref. RB |
5.00% | 07/01/2041 | 35 | 34,877 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2016 A-1, RN |
5.00% | 06/15/2028 | 580 | 590,275 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2016 A-1, RN |
5.00% | 06/15/2029 | 115 | 116,874 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2016 A-1, RN |
5.00% | 06/15/2030 | 300 | 304,508 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2016 A-1, RN |
4.10% | 06/15/2031 | 460 | 462,137 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2018 A, Ref. RB |
5.00% | 12/15/2026 | 165 | 169,979 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2018 A, Ref. RB |
5.00% | 06/15/2028 | 45 | 45,797 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2018 A, Ref. RN |
5.00% | 06/15/2029 | 20 | 20,326 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2018 A, Ref. RN |
5.00% | 06/15/2030 | 385 | 390,786 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2018 A, Ref. RN |
5.00% | 06/15/2031 | 290 | 293,859 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2019, Ref. RB |
5.00% | 12/15/2026 | 610 | 628,408 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2021 A, Ref. RB |
5.00% | 06/15/2026 | 170 | 173,417 | ||||||||
| New Jersey (State of) Turnpike Authority, Series 2005 D-3, RB, (INS - AGI)(c) |
5.25% | 01/01/2026 | 220 | 223,081 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| New Jersey-(continued) |
||||||||||||||||
| New Jersey (State of) Turnpike Authority, Series 2005 D-4, RB, (INS - AGI)(c) |
5.25% | 01/01/2026 | $ | 895 | $ | 907,535 | ||||||||||
| New Jersey (State of) Turnpike Authority, Series 2016 A, Ref. RB |
5.00% | 01/01/2033 | 30 | 30,261 | ||||||||||||
| New Jersey (State of) Turnpike Authority, Series 2016 A, Ref. RB |
5.00% | 01/01/2034 | 240 | 241,985 | ||||||||||||
| New Jersey (State of) Turnpike Authority, Series 2016 A, Ref. RB |
5.00% | 01/01/2035 | 15 | 15,115 | ||||||||||||
| Newark (City of), NJ Housing Authority, Series 2016, Ref. RB, (INS - AGI)(c) |
5.00% | 12/01/2038 | 35 | 35,264 | ||||||||||||
|
|
|
|||||||||||||||
| 11,022,711 | ||||||||||||||||
|
|
|
|||||||||||||||
| New Mexico-0.29% |
||||||||||||||||
| New Mexico (State of) (Capital), Series 2017 A, GO Bonds |
5.00% | 03/01/2026 | 240 | 243,815 | ||||||||||||
| New Mexico (State of) Finance Authority, Series 2018 A, Ref. RB |
5.00% | 06/15/2026 | 120 | 122,585 | ||||||||||||
| New Mexico (State of) Finance Authority, Series 2021 A, RB |
5.00% | 06/15/2026 | 165 | 168,554 | ||||||||||||
| New Mexico (State of) Severance Tax Permanent Fund, Series 2016 A, RB |
5.00% | 07/01/2026 | 220 | 225,109 | ||||||||||||
| New Mexico (State of) Severance Tax Permanent Fund, Series 2021 A, RB |
5.00% | 07/01/2026 | 30 | 30,697 | ||||||||||||
| New Mexico (State of) Severance Tax Permanent Fund, Series 2022 B, RB |
5.00% | 07/01/2026 | 30 | 30,697 | ||||||||||||
|
|
|
|||||||||||||||
| 821,457 | ||||||||||||||||
|
|
|
|||||||||||||||
| New York-15.94% |
||||||||||||||||
| Albany (County of), NY, Series 2018, GO Bonds |
4.00% | 04/01/2029 | 5 | 5,040 | ||||||||||||
| Battery Park (City of), NY Authority, Series 2023 B, Ref. RB |
5.00% | 11/01/2026 | 20 | 20,652 | ||||||||||||
| Build NYC Resource Corp. (Chapin School), Series 2016, RB |
4.00% | 11/01/2026 | 35 | 35,546 | ||||||||||||
| Dutchess County Local Development Corp. (Health Quest Systems, Inc.), Series 2016 B, RB |
4.00% | 07/01/2041 | 185 | 167,351 | ||||||||||||
| Dutchess County Local Development Corp. (Health Quest Systems, Inc.), Series 2016 B, RB |
5.00% | 07/01/2046 | 100 | 95,360 | ||||||||||||
| Erie (County of), NY Industrial Development Agency (The) (City of Buffalo School District), Series 2015 A, Ref. RB |
5.00% | 05/01/2026 | 10 | 10,090 | ||||||||||||
| Erie (County of), NY Industrial Development Agency (The) (City of Buffalo School District), Series 2016 A, Ref. RB |
5.00% | 05/01/2030 | 20 | 20,532 | ||||||||||||
| Hudson Yards Infrastructure Corp., Series 2017 A, Ref. RB |
5.00% | 02/15/2026 | 125 | 126,853 | ||||||||||||
| Long Island (City of), NY Power Authority, Series 2016 B, Ref. RB |
5.00% | 09/01/2030 | 10 | 10,210 | ||||||||||||
| Long Island (City of), NY Power Authority, Series 2016 B, Ref. RB |
5.00% | 09/01/2031 | 5 | 5,103 | ||||||||||||
| Long Island (City of), NY Power Authority, Series 2016 B, Ref. RB |
5.00% | 09/01/2036 | 160 | 162,488 | ||||||||||||
| Long Island (City of), NY Power Authority, Series 2016 B, Ref. RB |
5.00% | 09/01/2046 | 500 | 501,054 | ||||||||||||
| Metropolitan Transportation Authority, Series 2006 B, RB, (INS - AGI)(c) |
5.25% | 11/15/2026 | 525 | 540,895 | ||||||||||||
| Metropolitan Transportation Authority, Series 2016 A, Ref. RB |
4.00% | 11/15/2026 | 85 | 86,440 | ||||||||||||
| Metropolitan Transportation Authority, Series 2016 A, Ref. RB |
5.00% | 11/15/2026 | 5 | 5,157 | ||||||||||||
| Metropolitan Transportation Authority, Series 2016 A, Ref. RB |
5.25% | 11/15/2028 | 5 | 5,136 | ||||||||||||
| Metropolitan Transportation Authority, Series 2016 A, Ref. RB |
5.25% | 11/15/2029 | 100 | 102,640 | ||||||||||||
| Metropolitan Transportation Authority, Series 2016 A, Ref. RB |
5.25% | 11/15/2030 | 5 | 5,128 | ||||||||||||
| Metropolitan Transportation Authority, Series 2016 A, Ref. RB |
5.25% | 11/15/2031 | 10 | 10,237 | ||||||||||||
| Metropolitan Transportation Authority, Series 2016 A, Ref. RB |
5.25% | 11/15/2033 | 75 | 76,532 | ||||||||||||
| Metropolitan Transportation Authority, Series 2016 A, Ref. RB |
5.25% | 11/15/2034 | 15 | 15,281 | ||||||||||||
| Metropolitan Transportation Authority, Series 2016 A, Ref. RB |
5.25% | 11/15/2035 | 80 | 81,322 | ||||||||||||
| Metropolitan Transportation Authority, Series 2016 B, Ref. RB |
5.00% | 11/15/2033 | 100 | 101,764 | ||||||||||||
| Metropolitan Transportation Authority, Series 2016 B, Ref. RB |
4.00% | 11/15/2034 | 155 | 154,173 | ||||||||||||
| Metropolitan Transportation Authority, Series 2016 B, Ref. RB |
5.00% | 11/15/2034 | 15 | 15,235 | ||||||||||||
| Metropolitan Transportation Authority, Series 2016 B, Ref. RB |
5.00% | 11/15/2035 | 75 | 76,031 | ||||||||||||
| Metropolitan Transportation Authority, Series 2016 B, Ref. RB |
4.00% | 11/15/2036 | 10 | 9,742 | ||||||||||||
| Metropolitan Transportation Authority, Series 2016 B, Ref. RB |
5.00% | 11/15/2037 | 750 | 756,663 | ||||||||||||
| Metropolitan Transportation Authority, Series 2016 D, Ref. RB |
5.00% | 11/15/2028 | 85 | 87,082 | ||||||||||||
| Metropolitan Transportation Authority, Series 2016 D, Ref. RB |
5.00% | 11/15/2029 | 20 | 20,460 | ||||||||||||
| Metropolitan Transportation Authority, Series 2016 D, Ref. RB |
5.00% | 11/15/2030 | 425 | 434,503 | ||||||||||||
| Metropolitan Transportation Authority, Series 2016 D, Ref. RB |
4.00% | 11/15/2032 | 10 | 10,020 | ||||||||||||
| Metropolitan Transportation Authority, Series 2016 D, Ref. RB |
4.00% | 11/15/2033 | 205 | 205,084 | ||||||||||||
| Metropolitan Transportation Authority, Series 2016 D, Ref. RB |
4.00% | 11/15/2034 | 105 | 104,440 | ||||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2016 A-1, RB |
5.00% | 11/15/2046 | 10 | 9,883 | ||||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2016 A-2, Ref. RB |
5.00% | 11/15/2026 | 160 | 164,143 | ||||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2017 A-2, Ref. RB |
5.00% | 11/15/2026 | 500 | 512,946 | ||||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2017 B-2, RB |
5.00% | 11/15/2026 | 10 | 10,314 | ||||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2017 C-1, Ref. RB |
5.00% | 11/15/2026 | 390 | 400,098 | ||||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2017, Ref. RB |
5.00% | 11/15/2026 | 230 | 235,955 | ||||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2018 B, Ref. RB |
5.00% | 11/15/2026 | 25 | 25,647 | ||||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2020, Ref. RB |
4.00% | 11/15/2026 | 80 | 80,933 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| New York-(continued) |
||||||||||||||||
| Metropolitan Transportation Authority (Green Bonds), Subseries 2016 B, Ref. RB |
5.00% | 11/15/2028 | $ | 30 | $ | 30,709 | ||||||||||
| Metropolitan Transportation Authority (Green Bonds), Subseries 2016 B, Ref. RB |
5.00% | 11/15/2029 | 10 | 10,229 | ||||||||||||
| Metropolitan Transportation Authority (Green Bonds), Subseries 2016 B-1, RB |
5.00% | 11/15/2036 | 1,010 | 1,021,709 | ||||||||||||
| Metropolitan Transportation Authority (Green Bonds), Subseries 2016 B-1, RB |
5.00% | 11/15/2046 | 225 | 225,681 | ||||||||||||
| Metropolitan Transportation Authority (Green Bonds), Subseries 2016 B-1, RB |
5.00% | 11/15/2051 | 100 | 98,614 | ||||||||||||
| Monroe County Industrial Development Corp. (Highland Hospital of Rochester), Series 2017, RB |
5.00% | 12/01/2046 | 250 | 247,402 | ||||||||||||
| Nassau (County of), NY Interim Finance Authority, Series 2024 A, RB |
5.00% | 11/15/2026 | 500 | 516,549 | ||||||||||||
| New York & New Jersey (States of) Port Authority, One Hundred Eighty Nineth Series 2015, Ref. RB(a)(b) |
5.00% | 06/09/2025 | 65 | 65,023 | ||||||||||||
| New York & New Jersey (States of) Port Authority, One Hundred Ninty Eighth Series 2016, Ref. RB |
5.00% | 11/15/2041 | 85 | 86,354 | ||||||||||||
| New York & New Jersey (States of) Port Authority, One Hundred Ninty Eighth Series 2016, Ref. RB |
5.00% | 11/15/2046 | 25 | 25,089 | ||||||||||||
| New York & New Jersey (States of) Port Authority, One Hundred Ninty Eighth Series 2016, Ref. RB |
5.25% | 11/15/2056 | 100 | 100,440 | ||||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Forty Third Series 2023, Ref. RB |
5.00% | 12/01/2026 | 115 | 118,790 | ||||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Thirtieth Series 2022, Ref. RB |
4.00% | 12/01/2026 | 20 | 20,368 | ||||||||||||
| New York (City of), NY, Series 2008 J-10, GO Bonds |
5.00% | 08/01/2026 | 295 | 302,321 | ||||||||||||
| New York (City of), NY, Series 2015 A, Ref. GO Bonds |
5.00% | 08/01/2026 | 45 | 45,125 | ||||||||||||
| New York (City of), NY, Series 2016 B-1, GO Bonds |
5.00% | 12/01/2029 | 45 | 46,183 | ||||||||||||
| New York (City of), NY, Series 2016 B-1, GO Bonds |
5.00% | 12/01/2030 | 35 | 35,868 | ||||||||||||
| New York (City of), NY, Series 2016 B-1, GO Bonds |
5.00% | 12/01/2031 | 10 | 10,233 | ||||||||||||
| New York (City of), NY, Series 2016 B-1, GO Bonds |
5.00% | 12/01/2033 | 510 | 520,405 | ||||||||||||
| New York (City of), NY, Series 2016 B-1, GO Bonds |
4.00% | 12/01/2036 | 5 | 4,886 | ||||||||||||
| New York (City of), NY, Series 2016 B-1, GO Bonds |
5.00% | 12/01/2037 | 270 | 273,932 | ||||||||||||
| New York (City of), NY, Series 2016 B-1, GO Bonds |
5.00% | 12/01/2041 | 215 | 216,886 | ||||||||||||
| New York (City of), NY, Series 2016 C, Ref. GO Bonds |
5.00% | 08/01/2026 | 375 | 379,274 | ||||||||||||
| New York (City of), NY, Series 2016 C, Ref. GO Bonds |
5.00% | 08/01/2027 | 100 | 101,230 | ||||||||||||
| New York (City of), NY, Series 2016 C, Ref. GO Bonds |
5.00% | 08/01/2028 | 65 | 65,782 | ||||||||||||
| New York (City of), NY, Series 2016 C, Ref. GO Bonds |
5.00% | 08/01/2029 | 55 | 55,636 | ||||||||||||
| New York (City of), NY, Series 2016 C, Ref. GO Bonds |
5.00% | 08/01/2030 | 25 | 25,273 | ||||||||||||
| New York (City of), NY, Series 2016 C, Ref. GO Bonds |
5.00% | 08/01/2031 | 30 | 30,308 | ||||||||||||
| New York (City of), NY, Series 2016 C, Ref. GO Bonds |
5.00% | 08/01/2033 | 175 | 176,564 | ||||||||||||
| New York (City of), NY, Series 2016 C, Ref. GO Bonds |
4.00% | 08/01/2035 | 10 | 9,873 | ||||||||||||
| New York (City of), NY, Series 2016 E, Ref. GO Bonds |
5.00% | 08/01/2026 | 130 | 133,226 | ||||||||||||
| New York (City of), NY, Series 2016 E, Ref. GO Bonds |
5.00% | 08/01/2028 | 25 | 25,527 | ||||||||||||
| New York (City of), NY, Series 2016 E, Ref. GO Bonds |
5.00% | 08/01/2029 | 50 | 51,014 | ||||||||||||
| New York (City of), NY, Series 2016 E, Ref. GO Bonds |
5.00% | 08/01/2030 | 5 | 5,096 | ||||||||||||
| New York (City of), NY, Series 2016 E, Ref. GO Bonds |
4.00% | 08/01/2033 | 35 | 35,029 | ||||||||||||
| New York (City of), NY, Series 2017 A, Ref. GO Bonds |
5.00% | 08/01/2026 | 10 | 10,248 | ||||||||||||
| New York (City of), NY, Series 2017 C, Ref. GO Bonds |
5.00% | 08/01/2026 | 2,000 | 2,049,637 | ||||||||||||
| New York (City of), NY, Series 2020 A-1, Ref. GO Bonds |
5.00% | 08/01/2026 | 80 | 81,985 | ||||||||||||
| New York (City of), NY, Series 2020 C, GO Bonds |
5.00% | 08/01/2026 | 100 | 102,482 | ||||||||||||
| New York (City of), NY, Series 2021 F-1, GO Bonds |
5.00% | 03/01/2026 | 150 | 152,329 | ||||||||||||
| New York (City of), NY, Series 2022 B-1, Ref. GO Bonds |
5.00% | 08/01/2026 | 10 | 10,248 | ||||||||||||
| New York (City of), NY, Series 2024 A, Ref. GO Bonds |
5.00% | 08/01/2026 | 50 | 51,241 | ||||||||||||
| New York (City of), NY, Subseries 2016 A-1, GO Bonds |
4.00% | 08/01/2029 | 635 | 638,255 | ||||||||||||
| New York (City of), NY, Subseries 2016 A-1, GO Bonds |
5.00% | 08/01/2030 | 30 | 30,574 | ||||||||||||
| New York (City of), NY, Subseries 2016 A-1, GO Bonds |
5.00% | 08/01/2031 | 90 | 91,618 | ||||||||||||
| New York (City of), NY, Subseries 2016 A-1, GO Bonds |
4.00% | 08/01/2032 | 80 | 80,133 | ||||||||||||
| New York (City of), NY, Subseries 2016 A-1, GO Bonds |
5.00% | 08/01/2033 | 15 | 15,235 | ||||||||||||
| New York (City of), NY, Subseries 2016 A-1, GO Bonds |
4.00% | 08/01/2034 | 130 | 129,998 | ||||||||||||
| New York (City of), NY, Subseries 2016 A-1, GO Bonds |
4.00% | 08/01/2035 | 545 | 538,103 | ||||||||||||
| New York (City of), NY, Subseries 2016 A-1, GO Bonds |
5.00% | 08/01/2038 | 500 | 504,993 | ||||||||||||
| New York (City of), NY, Subseries 2018 A-1, GO Bonds |
4.00% | 08/01/2036 | 75 | 73,580 | ||||||||||||
| New York (City of), NY, Subseries 2022 B-1, GO Bonds |
5.00% | 10/01/2026 | 5 | 5,142 | ||||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2016 A, Ref. RB |
4.50% | 06/15/2032 | 105 | 106,167 | ||||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2016 CC, Ref. RB |
5.00% | 06/15/2046 | 5 | 5,007 | ||||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2016, Ref. RB |
5.25% | 06/15/2046 | 1,050 | 1,055,280 | ||||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2017 DD, RB |
5.00% | 06/15/2047 | 405 | 405,669 | ||||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2021 AA-2, RB |
5.00% | 06/15/2028 | 270 | 278,596 | ||||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2021 DD, Ref. RB |
5.00% | 06/15/2026 | 215 | 219,986 | ||||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2021, RB |
5.00% | 06/15/2028 | 110 | 113,502 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| New York-(continued) |
||||||||||||||||
| New York (City of), NY Municipal Water Finance Authority, Subseries 2016 B, Ref. RB |
5.25% | 06/15/2037 | $ | 95 | $ | 97,599 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Subseries 2016 B, Ref. RB |
4.00% | 06/15/2038 | 175 | 172,431 | ||||||||||||
| New York (City of), NY Municipal Water Finance Authority, Subseries 2016 CC-1, Ref. RB |
5.00% | 06/15/2037 | 420 | 429,616 | ||||||||||||
| New York (City of), NY Municipal Water Finance Authority, Subseries 2016 CC-1, Ref. RB |
5.00% | 06/15/2038 | 475 | 484,447 | ||||||||||||
| New York (City of), NY Municipal Water Finance Authority, Subseries 2016, Ref. RB |
4.00% | 06/15/2033 | 90 | 90,637 | ||||||||||||
| New York (City of), NY Municipal Water Finance Authority, Subseries 2016, Ref. RB |
4.00% | 06/15/2037 | 140 | 140,191 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2015 C, Ref. RB |
5.00% | 11/01/2026 | 245 | 247,006 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2015 S, RB |
5.00% | 07/15/2026 | 60 | 60,156 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2016 A-1, RB |
5.00% | 05/01/2040 | 35 | 35,142 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2016 S, RB |
5.00% | 07/15/2033 | 35 | 35,331 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2016 S-1, RB |
5.00% | 07/15/2027 | 25 | 25,295 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2016 S-1, RB |
5.00% | 07/15/2028 | 10 | 10,112 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2016 S-1, RB |
5.00% | 07/15/2029 | 20 | 20,211 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2016 S-1, RB |
5.00% | 07/15/2030 | 60 | 60,608 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2016 S-1, RB |
5.00% | 07/15/2035 | 100 | 100,909 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2016 S-1, RB |
4.00% | 07/15/2036 | 105 | 103,891 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2016 S-1, RB |
5.00% | 07/15/2043 | 610 | 611,784 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2016, RB |
4.00% | 05/01/2030 | 45 | 45,209 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2016, RB |
5.00% | 05/01/2032 | 20 | 20,240 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2016, RB |
5.00% | 05/01/2034 | 135 | 136,452 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2016, RB |
5.00% | 05/01/2035 | 100 | 100,995 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2016, RB |
4.00% | 05/01/2036 | 65 | 64,457 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017 C, Ref. RB |
5.00% | 11/01/2026 | 60 | 61,795 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017, RB |
5.00% | 11/01/2026 | 65 | 66,945 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2020, Ref. RB |
5.00% | 11/01/2026 | 465 | 478,913 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2021 A-1, Ref. RB |
5.00% | 11/01/2026 | 510 | 525,259 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022 F-1, RB |
5.00% | 02/01/2026 | 30 | 30,406 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2016 B-1, RB |
5.00% | 08/01/2029 | 250 | 254,379 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2016 B-1, RB |
5.00% | 08/01/2030 | 655 | 666,022 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2016 B-1, RB |
5.00% | 08/01/2033 | 200 | 202,908 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2016 B-1, RB |
5.00% | 08/01/2034 | 1,205 | 1,221,558 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2016 B-1, RB |
5.00% | 08/01/2036 | 105 | 106,216 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2016 B-1, RB |
5.00% | 08/01/2038 | 25 | 25,218 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2016 B-1, Ref. RB |
5.00% | 08/01/2032 | 20 | 20,307 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2016 B-1, Ref. RB |
4.00% | 08/01/2037 | 40 | 39,151 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2016 E-1, RB |
5.00% | 02/01/2030 | 245 | 247,351 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2016 E-1, RB |
5.00% | 02/01/2031 | 350 | 353,244 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2016 E-1, RB |
5.00% | 02/01/2035 | 185 | 186,338 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2016 E-1, RB |
4.00% | 02/01/2036 | 265 | 263,441 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2016 E-1, RB |
5.00% | 02/01/2037 | 565 | 568,349 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2016 E-1, RB |
5.00% | 02/01/2038 | 55 | 55,272 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2016 E-1, RB |
5.00% | 02/01/2039 | 250 | 250,993 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2016 E-1, RB |
5.00% | 02/01/2040 | 15 | 15,044 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2016 F-3, RB |
5.00% | 02/01/2030 | 135 | 136,296 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2016 F-3, RB |
4.00% | 02/01/2033 | 50 | 50,081 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2016 F-3, RB |
4.00% | 02/01/2034 | 500 | 500,360 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2016 F-3, RB |
4.00% | 02/01/2036 | 545 | 541,793 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2017 C-1, Ref. GO Bonds |
5.00% | 07/15/2026 | 20 | 20,484 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2018 S-3, Ref. RB |
5.00% | 07/15/2026 | 20 | 20,484 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2020 D-1, RB |
5.00% | 11/01/2026 | 5 | 5,150 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2021 F-1, Ref. RB |
5.00% | 11/01/2026 | 25 | 25,748 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2022 D-1, RB |
5.00% | 11/01/2026 | 15 | 15,449 | ||||||||||||
| New York (City of), NY Trust for Cultural Resources (Museum of Modern Arts (The)), Series 2016, Ref. RB |
4.00% | 04/01/2029 | 225 | 228,400 | ||||||||||||
| New York (City of), NY Trust for Cultural Resources (Museum of Modern Arts (The)), Series 2016, Ref. RB |
4.00% | 04/01/2031 | 445 | 450,767 | ||||||||||||
| New York (City of), NY Trust for Cultural Resources (The), Series 2016-1E, Ref. RB |
4.00% | 04/01/2030 | 110 | 111,530 | ||||||||||||
| New York (City of), NY Trust for Cultural Resources (The) (Lincoln Center for Performing Arts), Series 2016 A, Ref. RB |
5.00% | 12/01/2026 | 30 | 30,900 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| New York-(continued) |
||||||||||||||||
| New York (City of), NY Trust for Cultural Resources (The) (The Museum of Modern Art), Series 2016 1E, Ref. RB |
4.00% | 04/01/2028 | $ | 45 | $ | 45,732 | ||||||||||
| New York (State of) Dormitory Authority, Series 2016 A, RB |
5.00% | 07/01/2026 | 5 | 5,114 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2016 A, RB(a)(b) |
5.00% | 08/15/2026 | 50 | 51,377 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2016 A, RB |
5.00% | 03/15/2028 | 70 | 71,536 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2016 A, RB |
5.00% | 07/01/2028 | 45 | 45,933 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2016 A, RB |
5.00% | 07/01/2029 | 55 | 56,082 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2016 A, RB |
5.00% | 07/01/2030 | 30 | 30,558 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2016 A, RB |
5.00% | 03/15/2032 | 115 | 117,174 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2016 A, RB |
5.00% | 07/01/2032 | 90 | 91,481 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2016 A, RB |
5.00% | 02/15/2033 | 40 | 40,639 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2016 A, RB |
5.00% | 03/15/2033 | 505 | 514,034 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2016 A, RB |
5.00% | 02/15/2034 | 345 | 350,311 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2016 A, RB |
5.00% | 03/15/2034 | 50 | 50,857 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2016 A, RB |
5.00% | 07/01/2034 | 180 | 182,580 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2016 A, RB |
5.00% | 02/15/2035 | 35 | 35,518 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2016 A, RB |
5.00% | 03/15/2035 | 80 | 81,290 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2016 A, RB |
5.00% | 07/01/2035 | 180 | 182,408 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2016 A, RB |
5.00% | 02/15/2036 | 70 | 70,995 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2016 A, RB |
5.00% | 03/15/2036 | 25 | 25,378 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2016 A, RB |
5.00% | 02/15/2037 | 20 | 20,256 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2016 A, RB |
5.00% | 02/15/2038 | 210 | 212,318 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2016 A, RB |
5.00% | 02/15/2039 | 35 | 35,325 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2016 A, RB |
5.00% | 02/15/2041 | 210 | 211,263 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2016 A, RB |
5.00% | 02/15/2042 | 835 | 839,729 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2016 D, Ref. RB(a) |
5.00% | 02/15/2026 | 35 | 35,460 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2016 D, Ref. RB(a)(b) |
5.00% | 08/15/2026 | 50 | 51,377 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2016, Ref. RB |
4.00% | 07/01/2040 | 565 | 538,148 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2017 A, Ref. RB(a) |
5.00% | 02/15/2026 | 105 | 106,637 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2017 A, Ref. RB |
5.00% | 07/01/2026 | 10 | 10,238 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2017 B, Ref. RB(a) |
5.00% | 02/15/2026 | 35 | 35,460 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2017 B, Ref. RB(a) |
5.00% | 02/15/2026 | 20 | 20,312 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2018 1, Ref. RB |
5.00% | 01/15/2026 | 140 | 141,893 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2018 A, RB |
5.00% | 10/01/2026 | 60 | 61,574 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2018 A, RB |
5.00% | 10/01/2028 | 15 | 15,347 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2018 A, RB |
5.00% | 10/01/2029 | 10 | 10,218 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2018 A, RB |
5.00% | 10/01/2030 | 170 | 173,484 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2018 A, RB |
5.00% | 10/01/2031 | 420 | 428,058 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2018 A, RB |
5.00% | 10/01/2032 | 45 | 45,805 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2018 A, RB |
5.00% | 10/01/2033 | 120 | 122,036 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2018 A, Ref. RB |
5.00% | 03/15/2033 | 60 | 61,028 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2018 A, Ref. RB |
5.00% | 03/15/2034 | 245 | 249,043 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2018 A, Ref. RB |
5.00% | 03/15/2035 | 70 | 71,111 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2018 E, Ref. RB(a) |
5.00% | 03/15/2026 | 35 | 35,615 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2019 A, RB |
5.00% | 10/01/2026 | 125 | 128,280 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2020 A, Ref. RB |
5.00% | 03/15/2026 | 5 | 5,089 | ||||||||||||
| New York (State of) Dormitory Authority (Bidding Group 1), Series 2018 A, RB(a) |
5.00% | 03/15/2026 | 15 | 15,264 | ||||||||||||
| New York (State of) Dormitory Authority (Bidding Group 2), Series 2018 C, Ref. RB(a) |
5.00% | 03/15/2026 | 5 | 5,088 | ||||||||||||
| New York (State of) Dormitory Authority (Bidding Group B), Series 2016 A, RB |
5.00% | 03/15/2031 | 455 | 464,061 | ||||||||||||
| New York (State of) Dormitory Authority (Columbia University) (Green Bonds), Series 2016 A, RB |
5.00% | 10/01/2026 | 320 | 330,092 | ||||||||||||
| New York (State of) Dormitory Authority (Fordham University), Series 2016 A, Ref. RB |
5.00% | 07/01/2041 | 25 | 25,077 | ||||||||||||
| New York (State of) Dormitory Authority (General Purpose), Series 2016 D, Ref. RB(a)(b) |
5.00% | 08/15/2026 | 70 | 71,928 | ||||||||||||
| New York (State of) Dormitory Authority (Group B), Series 2016 A, RB(a)(b) |
5.00% | 09/15/2026 | 265 | 272,821 | ||||||||||||
| New York (State of) Dormitory Authority (New York University), Series 2016 A, RB |
5.00% | 07/01/2031 | 90 | 91,577 | ||||||||||||
| New York (State of) Dormitory Authority (New York University), Series 2016 A, RB |
5.00% | 07/01/2033 | 745 | 756,470 | ||||||||||||
| New York (State of) Dormitory Authority (New York University), Series 2016 A, RB |
5.00% | 07/01/2036 | 155 | 156,975 | ||||||||||||
| New York (State of) Dormitory Authority (New York University), Series 2016 A, RB |
5.00% | 07/01/2039 | 155 | 156,729 | ||||||||||||
| New York (State of) Dormitory Authority (New York University), Series 2019 A, RB |
5.00% | 07/01/2026 | 20 | 20,456 | ||||||||||||
| New York (State of) Power Authority (Green Transmission), Series 2022, RB, (INS - AGI)(c) |
5.00% | 11/15/2026 | 70 | 72,347 | ||||||||||||
| New York (State of) Thruway Authority, Series 2016 A, RB |
5.00% | 01/01/2033 | 15 | 15,105 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| New York-(continued) |
||||||||||||||||
| New York (State of) Thruway Authority, Series 2016 A, RB |
5.00% | 01/01/2035 | $ | 15 | $ | 15,091 | ||||||||||
| New York (State of) Thruway Authority, Series 2016 A, RB |
5.00% | 01/01/2036 | 20 | 20,116 | ||||||||||||
| New York (State of) Thruway Authority, Series 2016 A, RB |
5.00% | 01/01/2041 | 55 | 55,155 | ||||||||||||
| New York (State of) Thruway Authority, Series 2016 A, RB |
5.00% | 01/01/2046 | 1,265 | 1,266,614 | ||||||||||||
| New York (State of) Thruway Authority, Series 2016 A, RB |
5.00% | 01/01/2051 | 200 | 200,085 | ||||||||||||
| New York (State of) Thruway Authority, Series 2016 A, RB |
5.25% | 01/01/2056 | 270 | 268,627 | ||||||||||||
| New York (State of) Utility Debt Securitization Authority, Series 2016 A, Ref. RB |
5.00% | 06/15/2028 | 20 | 20,443 | ||||||||||||
| New York (State of) Utility Debt Securitization Authority, Series 2016 A, Ref. RB |
5.00% | 12/15/2028 | 50 | 51,092 | ||||||||||||
| New York (State of) Utility Debt Securitization Authority, Series 2016 A, Ref. RB |
5.00% | 12/15/2032 | 100 | 101,845 | ||||||||||||
| New York (State of) Utility Debt Securitization Authority, Series 2016 A, Ref. RB |
5.00% | 12/15/2033 | 15 | 15,261 | ||||||||||||
| New York (State of) Utility Debt Securitization Authority, Series 2016 A, Ref. RB |
5.00% | 12/15/2034 | 430 | 437,711 | ||||||||||||
| New York (State of) Utility Debt Securitization Authority, Series 2016 B, Ref. RB |
5.00% | 12/15/2030 | 15 | 15,306 | ||||||||||||
| New York (State of) Utility Debt Securitization Authority, Series 2016 B, Ref. RB |
5.00% | 12/15/2033 | 170 | 172,962 | ||||||||||||
| New York (State of) Utility Debt Securitization Authority, Series 2016 B, Ref. RB |
5.00% | 12/15/2034 | 205 | 208,676 | ||||||||||||
| New York (State of) Utility Debt Securitization Authority, Series 2016 B, Ref. RB |
5.00% | 12/15/2035 | 220 | 223,833 | ||||||||||||
| New York City Transitional Finance Authority Future Tax Secured Revenue, Series 2016, RB |
4.00% | 05/01/2031 | 5 | 5,019 | ||||||||||||
| New York City Transitional Finance Authority Future Tax Secured Revenue, Series 2016, RB |
5.00% | 02/01/2034 | 5 | 5,039 | ||||||||||||
| New York City Transitional Finance Authority Future Tax Secured Revenue, Series 2016, RB |
4.00% | 08/01/2035 | 65 | 64,872 | ||||||||||||
| New York City Transitional Finance Authority Future Tax Secured Revenue, Series 2022 B-1, RB |
5.00% | 11/01/2026 | 5 | 5,150 | ||||||||||||
| New York Convention Center Development Corp. (Hotel Unit Fee Secured), Series 2016 A, RB |
5.00% | 11/15/2046 | 150 | 142,388 | ||||||||||||
| New York State Environmental Facilities Corp. (2010 Master Financing Program) (Green Bonds), Series 2016, RB |
5.00% | 08/15/2041 | 215 | 218,487 | ||||||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2016 A, Ref. RB |
5.00% | 06/15/2028 | 35 | 35,710 | ||||||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2016 A, Ref. RB |
5.00% | 06/15/2029 | 70 | 71,399 | ||||||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2016 A, Ref. RB |
5.00% | 06/15/2030 | 60 | 61,181 | ||||||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2016 A, Ref. RB |
5.00% | 06/15/2032 | 225 | 229,243 | ||||||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2016 A, Ref. RB |
5.00% | 06/15/2041 | 50 | 50,697 | ||||||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2016, Ref. RB |
5.00% | 06/15/2034 | 10 | 10,180 | ||||||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2021, RB |
5.00% | 06/15/2026 | 75 | 76,731 | ||||||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2022, Ref. RB |
5.00% | 06/15/2026 | 5 | 5,115 | ||||||||||||
| New York State Urban Development Corp., Series 2016 A, Ref. RB(a)(b) |
5.00% | 03/15/2026 | 580 | 589,880 | ||||||||||||
| New York State Urban Development Corp., Series 2016 A, Ref. RB(a)(b) |
5.00% | 03/15/2026 | 105 | 106,805 | ||||||||||||
| New York State Urban Development Corp., Series 2016 A, Ref. RB(a)(b) |
5.00% | 03/15/2026 | 30 | 30,516 | ||||||||||||
| New York State Urban Development Corp., Series 2016 A, Ref. RB |
5.00% | 03/15/2030 | 20 | 20,277 | ||||||||||||
| New York State Urban Development Corp., Series 2016 A, Ref. RB |
5.00% | 03/15/2032 | 15 | 15,198 | ||||||||||||
| New York State Urban Development Corp., Series 2016 A, Ref. RB |
5.00% | 03/15/2033 | 135 | 136,752 | ||||||||||||
| New York State Urban Development Corp., Series 2016 A, Ref. RB |
5.00% | 03/15/2034 | 215 | 217,740 | ||||||||||||
| New York State Urban Development Corp., Series 2016 A, Ref. RB |
5.00% | 03/15/2035 | 325 | 329,066 | ||||||||||||
| New York State Urban Development Corp., Series 2016 A, Ref. RB |
4.00% | 03/15/2036 | 240 | 239,166 | ||||||||||||
| New York State Urban Development Corp., Series 2016 A, Ref. RB |
4.00% | 03/15/2037 | 235 | 230,518 | ||||||||||||
| New York State Urban Development Corp., Series 2016, Ref. RB(a) |
5.00% | 03/15/2026 | 10 | 10,172 | ||||||||||||
| New York State Urban Development Corp., Series 2016, Ref. RB(a) |
5.00% | 03/15/2026 | 60 | 61,031 | ||||||||||||
| New York State Urban Development Corp., Series 2017 C-1, Ref. RB |
5.00% | 03/15/2026 | 20 | 20,358 | ||||||||||||
| New York State Urban Development Corp., Series 2017, Ref. RB(a) |
5.00% | 03/15/2026 | 50 | 50,860 | ||||||||||||
| New York State Urban Development Corp., Series 2020, Ref. RB |
5.00% | 03/15/2026 | 95 | 96,699 | ||||||||||||
| New York State Urban Development Corp. (Bidding Group 1), Series 2023 A, RB |
5.00% | 03/15/2026 | 75 | 76,341 | ||||||||||||
| New York Transportation Development Corp. (Terminal 4 JFK International Airport), Series 2020, RB |
5.00% | 12/01/2026 | 100 | 102,407 | ||||||||||||
| Suffolk (County of), NY, Series 2017 A, Ref. GO Bonds, (INS - AGI)(c) |
5.00% | 02/01/2026 | 5 | 5,072 | ||||||||||||
| Triborough Bridge & Tunnel Authority, Series 2008 B-2, RB |
5.00% | 11/15/2026 | 70 | 72,216 | ||||||||||||
| Triborough Bridge & Tunnel Authority, Series 2016 A, Ref. RB |
5.00% | 11/15/2028 | 10 | 10,169 | ||||||||||||
| Triborough Bridge & Tunnel Authority, Series 2016 A, Ref. RB |
5.00% | 11/15/2029 | 20 | 20,328 | ||||||||||||
| Triborough Bridge & Tunnel Authority, Series 2016 A, Ref. RB |
5.00% | 11/15/2031 | 500 | 507,724 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| New York-(continued) |
||||||||||||||||
| Triborough Bridge & Tunnel Authority, Series 2016 A, Ref. RB |
5.00% | 11/15/2041 | $ | 575 | $ | 578,186 | ||||||||||
| Triborough Bridge & Tunnel Authority, Series 2016 A, Ref. RB |
5.00% | 11/15/2046 | 300 | 301,023 | ||||||||||||
| Triborough Bridge & Tunnel Authority, Series 2018 B, Ref. RB |
5.00% | 11/15/2026 | 15 | 15,475 | ||||||||||||
| Triborough Bridge & Tunnel Authority (Green Bonds), Series 2023, Ref. RB |
5.00% | 11/15/2026 | 305 | 313,554 | ||||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2023, Ref. RB |
5.00% | 11/15/2026 | 80 | 82,532 | ||||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Subseries 2017 C-1, Ref. RB |
5.00% | 11/15/2026 | 75 | 77,374 | ||||||||||||
| Westchester (County of), NY, Series 2018 A, GO Bonds |
4.00% | 12/01/2028 | 30 | 30,599 | ||||||||||||
| Westchester (County of), NY, Series 2018 A, GO Bonds |
4.00% | 12/01/2029 | 100 | 101,933 | ||||||||||||
|
|
|
|||||||||||||||
| 44,912,159 | ||||||||||||||||
|
|
|
|||||||||||||||
| North Carolina-1.06% |
||||||||||||||||
| Mecklenburg (County of), NC, Series 2013 A, Ref. GO Bonds |
5.00% | 12/01/2026 | 190 | 196,262 | ||||||||||||
| North Carolina (State of), Series 2013 C, Ref. GO Bonds |
5.00% | 05/01/2026 | 45 | 45,899 | ||||||||||||
| North Carolina (State of), Series 2014 B, Ref. RB |
5.00% | 06/01/2026 | 30 | 30,645 | ||||||||||||
| North Carolina (State of), Series 2016 A, Ref. GO Bonds |
5.00% | 06/01/2026 | 90 | 91,972 | ||||||||||||
| North Carolina (State of), Series 2017 B, Ref. RB |
5.00% | 05/01/2026 | 85 | 86,674 | ||||||||||||
| North Carolina (State of), Series 2018 A, GO Bonds |
5.00% | 06/01/2026 | 330 | 337,231 | ||||||||||||
| North Carolina (State of), Series 2019 B, GO Bonds |
5.00% | 06/01/2026 | 205 | 209,492 | ||||||||||||
| North Carolina (State of), Series 2020 A, GO Bonds |
5.00% | 06/01/2026 | 475 | 485,408 | ||||||||||||
| North Carolina (State of), Series 2022 A, RB |
5.00% | 05/01/2026 | 60 | 61,182 | ||||||||||||
| North Carolina (State of) (Build North Carolina Programs), Series 2019 A, RB |
5.00% | 05/01/2026 | 30 | 30,591 | ||||||||||||
| North Carolina (State of) (Build North Carolina Programs), Series 2020 B, RB |
5.00% | 05/01/2026 | 45 | 45,886 | ||||||||||||
| North Carolina (State of) (Garvee), Series 2019, RB |
5.00% | 03/01/2026 | 65 | 66,009 | ||||||||||||
| North Carolina (State of) Capital Facilities Finance Agency (Duke University), Series 2016 B, Ref. RB |
5.00% | 10/01/2026 | 65 | 66,895 | ||||||||||||
| North Carolina (State of) Capital Facilities Finance Agency (Duke University), Series 2016 B, Ref. RB |
4.00% | 10/01/2039 | 30 | 29,282 | ||||||||||||
| North Carolina (State of) Capital Facilities Finance Agency (Duke University), Series 2016 B, Ref. RB |
5.00% | 10/01/2040 | 215 | 216,615 | ||||||||||||
| North Carolina (State of) Capital Facilities Finance Agency (Duke University), Series 2016 B, Ref. RB |
5.00% | 10/01/2044 | 55 | 55,307 | ||||||||||||
| North Carolina (State of) Eastern Municipal Power Agency, Series 1993 B, Ref. RB(a) |
6.00% | 01/01/2026 | 25 | 25,398 | ||||||||||||
| North Carolina (State of) Medical Care Commission (Deerfield Episcopal Retirement Community), Series 2016, Ref. RB |
5.00% | 11/01/2037 | 150 | 150,512 | ||||||||||||
| North Carolina (State of) Medical Care Commission (Duke University Health system), Series 2016, Ref. RB |
5.00% | 06/01/2026 | 5 | 5,098 | ||||||||||||
| North Carolina (State of) Municipal Power Agency No. 1 (Catawba), Series 2015 A, Ref. RB |
5.00% | 01/01/2026 | 15 | 15,176 | ||||||||||||
| North Carolina (State of) Municipal Power Agency No. 1 (Catawba), Series 2015 A, Ref. RB |
5.00% | 01/01/2028 | 35 | 35,316 | ||||||||||||
| North Carolina (State of) Municipal Power Agency No. 1 (Catawba), Series 2015 A, Ref. RB |
5.00% | 01/01/2031 | 5 | 5,039 | ||||||||||||
| North Carolina (State of) Municipal Power Agency No. 1 (Catawba), Series 2015 A, Ref. RB |
5.00% | 01/01/2032 | 135 | 136,002 | ||||||||||||
| North Carolina (State of) Municipal Power Agency No. 1 (Catawba), Series 2015 C, Ref. RB |
5.00% | 01/01/2029 | 10 | 10,085 | ||||||||||||
| North Carolina (State of) Municipal Power Agency No. 1 (Catawba), Series 2016 A, Ref. RB |
5.00% | 01/01/2028 | 110 | 111,777 | ||||||||||||
| North Carolina (State of) Municipal Power Agency No. 1 (Catawba), Series 2016 A, Ref. RB |
5.00% | 01/01/2029 | 50 | 50,783 | ||||||||||||
| North Carolina (State of) Turnpike Authority, Series 2017 A, Ref. RB |
5.00% | 07/01/2047 | 105 | 103,663 | ||||||||||||
| North Carolina (State of) Turnpike Authority, Series 2017 A, Ref. RB |
5.00% | 07/01/2054 | 250 | 241,730 | ||||||||||||
| Wake (County of), NC, Series 2010 C, Ref. GO Bonds |
5.00% | 03/01/2026 | 40 | 40,642 | ||||||||||||
|
|
|
|||||||||||||||
| 2,986,571 | ||||||||||||||||
|
|
|
|||||||||||||||
| Ohio-2.24% |
||||||||||||||||
| Allen (County of), OH, Series 2017 A, Ref. RB |
5.00% | 08/01/2026 | 155 | 158,220 | ||||||||||||
| American Municipal Power, Inc. (Greenup Hydroelectric), Series 2016 A, RB |
5.00% | 02/15/2041 | 275 | 276,041 | ||||||||||||
| American Municipal Power, Inc. (Greenup Hydroelectric), Series 2016 A, RB |
5.00% | 02/15/2046 | 125 | 125,130 | ||||||||||||
| Cincinnati City School District (Classroom Construction & Improvement), Series 2006, Ref. GO Bonds, (INS - NATL)(c) |
5.25% | 12/01/2026 | 235 | 243,426 | ||||||||||||
| Columbus (City of), OH, Series 2015, Ref. RB |
5.00% | 06/01/2029 | 100 | 101,696 | ||||||||||||
| Columbus (City of), OH, Series 2015, Ref. RB |
5.00% | 06/01/2030 | 25 | 25,409 | ||||||||||||
| Columbus (City of), OH, Series 2015, Ref. RB |
5.00% | 06/01/2032 | 1,015 | 1,030,518 | ||||||||||||
| Columbus (City of), OH, Series 2016-1, Ref. GO Bonds |
5.00% | 07/01/2026 | 135 | 138,193 | ||||||||||||
| Columbus (City of), OH, Series 2022 A, GO Bonds |
5.00% | 04/01/2026 | 505 | 514,033 | ||||||||||||
| Columbus City School District (Construction and Improvement), Series 2016 A, Ref. GO Bonds |
5.00% | 12/01/2031 | 100 | 101,440 | ||||||||||||
| Columbus City School District (Construction and Improvement), Subseries 2016, Ref. GO Bonds |
5.00% | 12/01/2030 | 25 | 25,375 | ||||||||||||
| Cuyahoga (County of), OH, Series 2020 D, Ref. RB |
5.00% | 12/01/2026 | 25 | 25,724 | ||||||||||||
| Hamilton (County of), OH, Series 2016 A, Ref. RB |
5.00% | 12/01/2026 | 35 | 36,159 | ||||||||||||
| Hamilton (County of), OH, Series 2016 A, Ref. RB |
5.00% | 12/01/2029 | 315 | 322,769 | ||||||||||||
| Hamilton (County of), OH, Series 2016 A, Ref. RB |
5.00% | 12/01/2030 | 40 | 40,928 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Ohio-(continued) |
||||||||||||||||
| Hamilton (County of), OH, Series 2016 A, Ref. RB |
4.00% | 12/01/2031 | $ | 65 | $ | 65,452 | ||||||||||
| Miami University, Series 2017, Ref. RB |
5.00% | 09/01/2041 | 100 | 100,602 | ||||||||||||
| Ohio (State of), Series 2016 S, GO Bonds |
5.00% | 05/01/2028 | 5 | 5,081 | ||||||||||||
| Ohio (State of), Series 2016 S, GO Bonds |
5.00% | 05/01/2029 | 75 | 76,192 | ||||||||||||
| Ohio (State of), Series 2016 S, GO Bonds |
5.00% | 05/01/2030 | 15 | 15,233 | ||||||||||||
| Ohio (State of), Series 2016 S, GO Bonds |
5.00% | 05/01/2031 | 90 | 91,358 | ||||||||||||
| Ohio (State of), Series 2017 B, Ref. GO Bonds |
5.00% | 09/15/2026 | 210 | 215,722 | ||||||||||||
| Ohio (State of), Series 2017 C, Ref. GO Bonds |
5.00% | 08/01/2026 | 50 | 51,270 | ||||||||||||
| Ohio (State of), Series 2018 A, GO Bonds |
5.00% | 02/01/2031 | 100 | 101,131 | ||||||||||||
| Ohio (State of), Series 2018 A, GO Bonds |
5.00% | 06/15/2031 | 10 | 10,133 | ||||||||||||
| Ohio (State of), Series 2018 A, GO Bonds |
5.00% | 06/15/2032 | 35 | 35,446 | ||||||||||||
| Ohio (State of), Series 2018 A, GO Bonds |
5.00% | 02/01/2033 | 125 | 126,315 | ||||||||||||
| Ohio (State of), Series 2018 A, GO Bonds |
5.00% | 06/15/2033 | 15 | 15,183 | ||||||||||||
| Ohio (State of), Series 2018 A, GO Bonds |
5.00% | 02/01/2034 | 30 | 30,302 | ||||||||||||
| Ohio (State of), Series 2018 A, GO Bonds |
5.00% | 06/15/2034 | 50 | 50,587 | ||||||||||||
| Ohio (State of), Series 2018 A, GO Bonds |
5.00% | 02/01/2036 | 25 | 25,228 | ||||||||||||
| Ohio (State of), Series 2019-1, RB |
5.00% | 12/15/2026 | 140 | 144,352 | ||||||||||||
| Ohio (State of), Series 2020 B, Ref. GO Bonds |
5.00% | 08/01/2026 | 35 | 35,889 | ||||||||||||
| Ohio (State of) (Cleveland Clinic Health System Obligated Group), Series 2017, Ref. RB |
5.00% | 01/01/2026 | 5 | 5,054 | ||||||||||||
| Ohio (State of) (Garvee), Series 2016 1, RB |
5.00% | 12/15/2028 | 180 | 183,007 | ||||||||||||
| Ohio (State of) (Garvee), Series 2016-1, RB |
5.00% | 12/15/2026 | 75 | 76,453 | ||||||||||||
| Ohio (State of) (Garvee), Series 2016-1, RB |
5.00% | 12/15/2027 | 85 | 86,455 | ||||||||||||
| Ohio (State of) (Garvee), Series 2018-1, RB |
5.00% | 12/15/2026 | 105 | 108,264 | ||||||||||||
| Ohio (State of) (Garvee), Series 2018-1, RB |
5.00% | 12/15/2028 | 60 | 61,002 | ||||||||||||
| Ohio (State of) (Garvee), Series 2018-1, RB |
5.00% | 12/15/2029 | 195 | 198,158 | ||||||||||||
| Ohio (State of) (University Hospitals Health System, Inc.), Series 2016 A, Ref. RB |
5.00% | 01/15/2041 | 335 | 330,969 | ||||||||||||
| Ohio (State of) (University Hospitals Health System, Inc.), Series 2016, Ref. RB |
5.00% | 01/15/2046 | 105 | 102,968 | ||||||||||||
| Ohio (State of) Turnpike & Infrastructure Commission, Series 2017 A, Ref. RB |
5.00% | 02/15/2026 | 40 | 40,545 | ||||||||||||
| Ohio (State of) Water Development Authority, Series 2016 A, RB |
5.00% | 12/01/2031 | 40 | 40,584 | ||||||||||||
| Ohio (State of) Water Development Authority, Series 2016 A, RB |
5.00% | 12/01/2032 | 200 | 202,783 | ||||||||||||
| Ohio (State of) Water Development Authority, Series 2016 A, RB |
5.00% | 12/01/2033 | 30 | 30,397 | ||||||||||||
| Ohio (State of) Water Development Authority, Series 2024 A, RB |
5.00% | 06/01/2026 | 90 | 91,954 | ||||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund), Series 2016 A, RB |
5.00% | 06/01/2026 | 10 | 10,217 | ||||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund), Series 2017 A, RB |
5.00% | 12/01/2026 | 50 | 51,648 | ||||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund), Series 2019 A, RB |
5.00% | 06/01/2026 | 45 | 45,977 | ||||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund), Series 2019 A, RB |
5.00% | 12/01/2026 | 80 | 82,637 | ||||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund), Series 2023 A, Ref. RB |
5.00% | 12/01/2026 | 55 | 56,813 | ||||||||||||
| Ohio State University (The), Series 2020 A, Ref. RB |
5.00% | 12/01/2026 | 25 | 25,790 | ||||||||||||
| University of Cincinnati, Series 2016 C, RB |
5.00% | 06/01/2046 | 125 | 125,485 | ||||||||||||
|
|
|
|||||||||||||||
| 6,317,697 | ||||||||||||||||
|
|
|
|||||||||||||||
| Oklahoma-0.79% |
||||||||||||||||
| Canadian (County of), OK Educational Facilities Authority (Mustang Public Schools), Series 2017, RB |
5.00% | 09/01/2026 | 85 | 86,886 | ||||||||||||
| Grand River Dam Authority, Series 2016 A, Ref. RB |
5.00% | 06/01/2026 | 10 | 10,191 | ||||||||||||
| Grand River Dam Authority, Series 2016 A, Ref. RB |
5.00% | 06/01/2029 | 75 | 76,905 | ||||||||||||
| Grand River Dam Authority, Series 2016 A, Ref. RB |
5.00% | 06/01/2030 | 15 | 15,374 | ||||||||||||
| Grand River Dam Authority, Series 2016 A, Ref. RB |
5.00% | 06/01/2032 | 70 | 71,665 | ||||||||||||
| Grand River Dam Authority, Series 2016 A, Ref. RB |
4.00% | 06/01/2033 | 600 | 602,712 | ||||||||||||
| Oklahoma (State of) Capitol Improvement Authority, Series 2024 A, Ref. RB |
5.00% | 07/01/2026 | 45 | 46,002 | ||||||||||||
| Oklahoma (State of) Turnpike Authority, Series 2017 A, RB |
4.00% | 01/01/2033 | 20 | 20,018 | ||||||||||||
| Oklahoma (State of) Turnpike Authority, Series 2017 A, RB |
4.00% | 01/01/2034 | 830 | 830,010 | ||||||||||||
| Oklahoma (State of) Turnpike Authority, Series 2017 A, RB |
4.00% | 01/01/2036 | 15 | 14,777 | ||||||||||||
| Oklahoma (State of) Turnpike Authority, Series 2017 A, RB(a) |
5.00% | 01/01/2037 | 190 | 191,136 | ||||||||||||
| Oklahoma (State of) Turnpike Authority, Series 2017 A, RB(a) |
5.00% | 01/01/2042 | 170 | 171,017 | ||||||||||||
| Oklahoma (State of) Turnpike Authority, Series 2020 A, Ref. RB |
5.00% | 01/01/2026 | 30 | 30,356 | ||||||||||||
| Oklahoma County Independent School District No. 89, Series 2024 A, GO Bonds |
1.25% | 07/01/2026 | 30 | 29,502 | ||||||||||||
| Tulsa (County of), OK Industrial Authority (Jenks Public Schools), Series 2015, RB |
5.00% | 09/01/2026 | 25 | 25,119 | ||||||||||||
|
|
|
|||||||||||||||
| 2,221,670 | ||||||||||||||||
|
|
|
|||||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Oregon-0.48% |
||||||||||||||||
| Clackamas County School District No. 12 North Clackamas, Series 2016, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 06/15/2032 | $ | 35 | $ | 35,216 | ||||||||||
| Hillsboro School District No. 1J, Series 2017, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 06/15/2026 | 80 | 81,781 | ||||||||||||
| Multnomah County School District No. 1, Series 2020, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 06/15/2026 | 60 | 61,280 | ||||||||||||
| Oregon (State of) (Article XI - Q State), Series 2016 F, Ref. GO Bonds |
5.00% | 05/01/2028 | 20 | 20,343 | ||||||||||||
| Oregon (State of) (Article XI - Q State), Series 2023, GO Bonds |
5.00% | 05/01/2026 | 40 | 40,784 | ||||||||||||
| Oregon (State of) (Article XI-G OHSU), Series 2016 C, GO Bonds |
5.00% | 08/01/2041 | 100 | 100,987 | ||||||||||||
| Oregon (State of) (Seismic), Series 2016 F, Ref. GO Bonds |
5.00% | 05/01/2029 | 30 | 30,504 | ||||||||||||
| Oregon (State of) Department of Transportation, Series 2017 A, RB |
5.00% | 11/15/2026 | 40 | 41,266 | ||||||||||||
| Oregon (State of) Facilities Authority (Legacy Health), Series 2016 A, Ref. RB |
5.00% | 06/01/2046 | 100 | 98,088 | ||||||||||||
| Oregon (State of) Facilities Authority (Samaritan Health Services), Series 2016 A, Ref. RB |
5.00% | 10/01/2035 | 15 | 15,020 | ||||||||||||
| Oregon (State of) Tri-County Metropolitan Transportation District, Series 2017 A, RB(a)(b) |
5.00% | 09/01/2026 | 500 | 512,701 | ||||||||||||
| Oregon Health & Science University, Series 2016 B, Ref. RB |
5.00% | 07/01/2033 | 50 | 50,542 | ||||||||||||
| Oregon Health & Science University, Series 2016 B, Ref. RB |
5.00% | 07/01/2035 | 15 | 15,215 | ||||||||||||
| Oregon Health & Science University, Series 2016 B, Ref. RB |
5.00% | 07/01/2036 | 160 | 161,548 | ||||||||||||
| Oregon Health & Science University, Series 2016 B, Ref. RB |
5.00% | 07/01/2037 | 10 | 10,087 | ||||||||||||
| Portland Community College District, Series 2018, GO Bonds |
5.00% | 06/15/2029 | 25 | 25,400 | ||||||||||||
| University of Oregon, Series 2016 A, RB |
5.00% | 04/01/2046 | 60 | 60,157 | ||||||||||||
|
|
|
|||||||||||||||
| 1,360,919 | ||||||||||||||||
|
|
|
|||||||||||||||
| Pennsylvania-4.16% |
||||||||||||||||
| Allegheny (County of), PA, Series 2016 C-75, Ref. GO Bonds |
5.00% | 11/01/2026 | 10 | 10,291 | ||||||||||||
| Allegheny (County of), PA, Series 2016 C-75, Ref. GO Bonds |
5.00% | 11/01/2028 | 75 | 76,899 | ||||||||||||
| Allegheny (County of), PA, Series 2016 C-75, Ref. GO Bonds |
5.00% | 11/01/2029 | 25 | 25,608 | ||||||||||||
| Allegheny (County of), PA, Series 2016 C-75, Ref. GO Bonds |
4.00% | 11/01/2032 | 195 | 195,504 | ||||||||||||
| Allegheny (County of), PA, Series 2016 C-76, GO Bonds |
5.00% | 11/01/2041 | 175 | 176,865 | ||||||||||||
| Allegheny (County of), PA Hospital Development Authority (University of Pittsburgh Medical Center), Series 2019, Ref. RB |
5.00% | 07/15/2026 | 55 | 56,098 | ||||||||||||
| Allegheny (County of), PA Port Authority, Series 2020, Ref. RB |
5.00% | 03/01/2026 | 100 | 101,389 | ||||||||||||
| Chester (County of), PA, Series 2016 A, Ref. GO Bonds |
4.00% | 07/15/2028 | 65 | 65,719 | ||||||||||||
| Chester (County of), PA, Series 2016 A, Ref. GO Bonds |
4.00% | 07/15/2029 | 55 | 55,558 | ||||||||||||
| Erie (City & County of), PA Water Authority, Series 2016, Ref. RB(a)(b) |
5.00% | 12/01/2026 | 80 | 82,399 | ||||||||||||
| Lancaster (County of), PA Hospital Authority (University of Pennsylvania), Series 2016 A, Ref. RB |
5.00% | 08/15/2042 | 140 | 140,156 | ||||||||||||
| Lancaster (County of), PA Hospital Authority (University of Pennsylvania), Series 2016, Ref. RB |
5.00% | 08/15/2026 | 55 | 56,313 | ||||||||||||
| Lycoming (County of), PA Authority (Pennsylvania College of Technology), Series 2016 A, Ref. RB |
3.00% | 10/01/2037 | 100 | 84,972 | ||||||||||||
| Monroeville Finance Authority, Series 2012, RB |
5.00% | 02/15/2026 | 65 | 65,732 | ||||||||||||
| Northampton (County of), PA General Purpose Authority (St. Luke’s University Health Network), Series 2016, Ref. RB |
5.00% | 08/15/2046 | 10 | 9,700 | ||||||||||||
| Pennsylvania (Commonwealth of), First Series 2015, GO Bonds |
5.00% | 03/15/2026 | 35 | 35,051 | ||||||||||||
| Pennsylvania (Commonwealth of), First Series 2016, GO Bonds |
5.00% | 02/01/2026 | 320 | 324,377 | ||||||||||||
| Pennsylvania (Commonwealth of), First Series 2016, GO Bonds |
5.00% | 02/01/2029 | 300 | 304,027 | ||||||||||||
| Pennsylvania (Commonwealth of), First Series 2016, GO Bonds |
4.00% | 02/01/2030 | 5 | 5,023 | ||||||||||||
| Pennsylvania (Commonwealth of), First Series 2016, GO Bonds |
4.00% | 02/01/2031 | 25 | 25,108 | ||||||||||||
| Pennsylvania (Commonwealth of), First Series 2016, GO Bonds |
4.00% | 02/01/2032 | 200 | 200,774 | ||||||||||||
| Pennsylvania (Commonwealth of), First Series 2016, GO Bonds |
4.00% | 02/01/2033 | 20 | 20,055 | ||||||||||||
| Pennsylvania (Commonwealth of), First Series 2016, GO Bonds, (INS - AGI)(c) |
4.00% | 02/01/2034 | 20 | 20,012 | ||||||||||||
| Pennsylvania (Commonwealth of), First Series 2016, Ref. GO Bonds |
5.00% | 09/15/2026 | 85 | 87,338 | ||||||||||||
| Pennsylvania (Commonwealth of), First Series 2017, Ref. GO Bonds |
5.00% | 01/01/2026 | 130 | 131,545 | ||||||||||||
| Pennsylvania (Commonwealth of), First Series 2020, GO Bonds |
5.00% | 05/01/2026 | 30 | 30,580 | ||||||||||||
| Pennsylvania (Commonwealth of), First Series 2021, GO Bonds |
5.00% | 05/15/2026 | 1,000 | 1,020,212 | ||||||||||||
| Pennsylvania (Commonwealth of), Second Series 2015 D, GO Bonds |
3.25% | 08/15/2026 | 515 | 515,218 | ||||||||||||
| Pennsylvania (Commonwealth of), Second Series 2016, GO Bonds |
5.00% | 09/15/2028 | 300 | 307,079 | ||||||||||||
| Pennsylvania (Commonwealth of), Second Series 2016, GO Bonds |
5.00% | 09/15/2029 | 30 | 30,696 | ||||||||||||
| Pennsylvania (Commonwealth of), Second Series 2016, GO Bonds |
4.00% | 09/15/2030 | 65 | 65,559 | ||||||||||||
| Pennsylvania (Commonwealth of), Second Series 2016, GO Bonds |
4.00% | 09/15/2031 | 30 | 30,238 | ||||||||||||
| Pennsylvania (Commonwealth of), Second Series 2016, GO Bonds |
4.00% | 09/15/2032 | 660 | 664,485 | ||||||||||||
| Pennsylvania (Commonwealth of), Second Series 2016, GO Bonds |
4.00% | 09/15/2034 | 375 | 375,837 | ||||||||||||
| Pennsylvania (Commonwealth of), Series 2019, Ref. GO Bonds |
5.00% | 07/15/2026 | 5 | 5,119 | ||||||||||||
| Pennsylvania (Commonwealth of), Series 2022, GO Bonds |
5.00% | 10/01/2026 | 100 | 102,848 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Pennsylvania-(continued) |
||||||||||||||||
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (State System Higher Education), Series 2016, Ref. RB |
4.00% | 03/15/2033 | $ | 95 | $ | 94,626 | ||||||||||
| Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (Drexel University), Series 2016, Ref. RB |
5.00% | 05/01/2034 | 370 | 372,011 | ||||||||||||
| Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (Trustees University of Pennsylvania), Series 2016 A, Ref. RB |
4.00% | 08/15/2031 | 500 | 501,310 | ||||||||||||
| Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (University of Pennsylvania Health System), Series 2016 A, Ref. RB |
4.00% | 08/15/2029 | 20 | 20,074 | ||||||||||||
| Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (University of Pennsylvania Health System), Series 2016 C, Ref. RB |
4.00% | 08/15/2041 | 200 | 188,292 | ||||||||||||
| Pennsylvania (Commonwealth of) Public School Building Authority (Philadelphia School District), Series 2016 A, Ref. RB, (INS - AGI)(c) |
5.00% | 06/01/2030 | 65 | 65,975 | ||||||||||||
| Pennsylvania (Commonwealth of) Public School Building Authority (Philadelphia School District), Series 2016 A, Ref. RB, (INS - AGI)(c) |
5.00% | 06/01/2031 | 310 | 314,200 | ||||||||||||
| Pennsylvania (Commonwealth of) Public School Building Authority (Philadelphia School District), Series 2016 A, Ref. RB, (INS - AGI)(c) |
5.00% | 06/01/2032 | 90 | 91,089 | ||||||||||||
| Pennsylvania (Commonwealth of) Public School Building Authority (Philadelphia School District), Series 2016 A, Ref. RB, (INS - AGI)(c) |
5.00% | 06/01/2033 | 435 | 439,633 | ||||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Second Series 2016 B, Ref. RB |
5.00% | 06/01/2028 | 35 | 35,599 | ||||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2016 A, Ref. RB |
5.00% | 12/01/2026 | 145 | 149,563 | ||||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2016 A, Ref. RB |
5.00% | 12/01/2028 | 35 | 35,921 | ||||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2016 A, Ref. RB |
5.00% | 12/01/2029 | 85 | 87,132 | ||||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2016 A, Ref. RB |
5.00% | 12/01/2030 | 190 | 194,442 | ||||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2016 A, Ref. RB |
5.00% | 12/01/2031 | 20 | 20,469 | ||||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2016 A, Ref. RB |
5.00% | 12/01/2032 | 230 | 234,923 | ||||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2016 A, Ref. RB |
4.00% | 12/01/2034 | 200 | 200,410 | ||||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2016 A-1, RB |
5.00% | 12/01/2034 | 60 | 60,737 | ||||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2016 A-1, RB |
5.00% | 12/01/2035 | 235 | 237,654 | ||||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2016 A-1, RB |
5.00% | 12/01/2036 | 255 | 257,574 | ||||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2016 A-1, RB |
5.00% | 12/01/2041 | 525 | 526,910 | ||||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2016 A-1, RB |
5.00% | 12/01/2046 | 60 | 60,113 | ||||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2016 B, Ref. RB |
5.00% | 06/01/2029 | 85 | 86,404 | ||||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2016 B, Ref. RB |
4.00% | 06/01/2033 | 275 | 275,728 | ||||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2016 B, Ref. RB |
4.00% | 06/01/2034 | 155 | 155,285 | ||||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2016 B, Ref. RB |
5.00% | 06/01/2035 | 25 | 25,307 | ||||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2016 B, Ref. RB |
5.00% | 06/01/2039 | 55 | 55,419 | ||||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2016, Ref. RB |
5.00% | 06/01/2026 | 40 | 40,377 | ||||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2016, Ref. RB |
5.00% | 12/01/2030 | 100 | 102,250 | ||||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2017 A, RB, (INS - AGI)(c) |
4.00% | 12/01/2037 | 490 | 482,795 | ||||||||||||
| Pennsylvania State University (The), Series 2016 A, RB |
5.00% | 09/01/2041 | 300 | 303,258 | ||||||||||||
| Pennsylvania State University (The), Series 2016 B, Ref. RB |
5.00% | 09/01/2028 | 20 | 20,445 | ||||||||||||
| Pennsylvania State University (The), Series 2016 B, Ref. RB |
5.00% | 09/01/2029 | 15 | 15,326 | ||||||||||||
| Philadelphia (City of), PA, Fourteenth Series 2016, Ref. RB |
5.00% | 10/01/2032 | 210 | 214,047 | ||||||||||||
| Philadelphia (City of), PA, Series 2017 A, Ref. GO Bonds |
5.00% | 08/01/2026 | 5 | 5,118 | ||||||||||||
| Philadelphia (City of), PA, Series 2017, Ref. GO Bonds, (INS - AGI)(c) |
5.00% | 08/01/2026 | 20 | 20,489 | ||||||||||||
| Philadelphia (City of), PA, Series 2019 A, Ref. GO Bonds |
5.00% | 08/01/2026 | 145 | 148,431 | ||||||||||||
| Philadelphia School District (The), Series 2016, Ref. GO Bonds |
5.00% | 09/01/2036 | 25 | 25,427 | ||||||||||||
| Pittsburgh (City of), PA Water & Sewer Authority, Series 2017 A, Ref. RB, (INS - AGI)(c) |
5.00% | 09/01/2026 | 45 | 46,115 | ||||||||||||
|
|
|
|||||||||||||||
| 11,715,262 | ||||||||||||||||
|
|
|
|||||||||||||||
| Rhode Island-0.36% |
||||||||||||||||
| Rhode Island (State of), Series 2015 A, Ref. GO Bonds |
5.00% | 08/01/2026 | 20 | 20,069 | ||||||||||||
| Rhode Island (State of) Turnpike & Bridge Authority, Series 2016 A, Ref. RB |
5.00% | 10/01/2040 | 45 | 45,311 | ||||||||||||
| Rhode Island Commerce Corp. (Garvee), Series 2016 B, RB |
5.00% | 06/15/2026 | 50 | 50,989 | ||||||||||||
| Rhode Island Commerce Corp. (Garvee), Series 2016 B, RB |
5.00% | 06/15/2028 | 245 | 249,569 | ||||||||||||
| Rhode Island Commerce Corp. (Garvee), Series 2016 B, RB |
5.00% | 06/15/2029 | 215 | 218,834 | ||||||||||||
| Rhode Island Commerce Corp. (Garvee), Series 2016 B, RB |
5.00% | 06/15/2030 | 265 | 269,454 | ||||||||||||
| Rhode Island Commerce Corp. (Garvee), Series 2016 B, RB |
5.00% | 06/15/2031 | 125 | 127,101 | ||||||||||||
| Rhode Island Health & Educational Building Corp. (Providence College), Series 2017, RB |
5.00% | 11/01/2047 | 25 | 24,352 | ||||||||||||
|
|
|
|||||||||||||||
| 1,005,679 | ||||||||||||||||
|
|
|
|||||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| South Carolina-0.98% |
||||||||||||||||
| Charleston Educational Excellence Finance Corp. (Charleston County School), Series 2023, Ref. RB |
5.00% | 12/01/2026 | $ | 290 | $ | 298,825 | ||||||||||
| Greenville County School District, Series 2023, Ref. RB |
5.00% | 12/01/2026 | 235 | 242,431 | ||||||||||||
| Lexington County Health Services District, Inc. (Lexington Medical Center), Series 2016, RB |
5.00% | 11/01/2041 | 265 | 263,822 | ||||||||||||
| South Carolina (State of) Jobs-Economic Development Authority (Carealliance Health Services), Series 2016 A, RB |
5.25% | 08/15/2046 | 85 | 85,111 | ||||||||||||
| South Carolina (State of) Public Service Authority, Series 2016 A, Ref. RB |
5.00% | 12/01/2029 | 225 | 226,928 | ||||||||||||
| South Carolina (State of) Public Service Authority, Series 2016 A, Ref. RB |
5.00% | 12/01/2030 | 140 | 141,123 | ||||||||||||
| South Carolina (State of) Public Service Authority, Series 2016 A, Ref. RB |
5.00% | 12/01/2031 | 150 | 151,111 | ||||||||||||
| South Carolina (State of) Public Service Authority, Series 2016 A, Ref. RB |
5.00% | 12/01/2032 | 145 | 146,023 | ||||||||||||
| South Carolina (State of) Public Service Authority, Series 2016 A, Ref. RB |
5.00% | 12/01/2034 | 240 | 241,011 | ||||||||||||
| South Carolina (State of) Public Service Authority, Series 2016 A, Ref. RB |
5.00% | 12/01/2036 | 95 | 95,107 | ||||||||||||
| South Carolina (State of) Public Service Authority, Series 2016 A, Ref. RB |
5.00% | 12/01/2037 | 170 | 170,021 | ||||||||||||
| South Carolina (State of) Public Service Authority, Series 2016 A, Ref. RB |
5.00% | 12/01/2038 | 215 | 214,942 | ||||||||||||
| South Carolina (State of) Public Service Authority, Series 2016 B, Ref. RB |
5.00% | 12/01/2035 | 45 | 45,116 | ||||||||||||
| South Carolina (State of) Public Service Authority, Series 2016 B, Ref. RB |
5.00% | 12/01/2037 | 75 | 75,035 | ||||||||||||
| South Carolina (State of) Public Service Authority, Series 2016 B, Ref. RB |
5.00% | 12/01/2041 | 105 | 104,864 | ||||||||||||
| South Carolina (State of) Public Service Authority, Series 2016 B, Ref. RB |
4.00% | 12/01/2056 | 20 | 16,452 | ||||||||||||
| South Carolina (State of) Public Service Authority, Series 2016 B, Ref. RB |
5.00% | 12/01/2056 | 55 | 54,113 | ||||||||||||
| South Carolina (State of) Public Service Authority, Series 2025 B, Ref. RB |
5.00% | 12/01/2026 | 5 | 5,145 | ||||||||||||
| South Carolina (State of) Transportation Infrastructure Bank, Series 2021 B, Ref. RB |
5.00% | 10/01/2026 | 185 | 190,294 | ||||||||||||
|
|
|
|||||||||||||||
| 2,767,474 | ||||||||||||||||
|
|
|
|||||||||||||||
| South Dakota-0.01% |
||||||||||||||||
| Rapid City (City of), SD, Series 2018, RB(a)(b) |
4.00% | 12/01/2026 | 25 | 25,423 | ||||||||||||
|
|
|
|||||||||||||||
| Tennessee-1.09% |
||||||||||||||||
| Clarksville (City of), TN, Series 2016, Ref. RB(a)(b) |
5.00% | 02/01/2026 | 45 | 45,601 | ||||||||||||
| Memphis (City of), TN, Series 2015 A, Ref. GO Bonds |
5.00% | 04/01/2026 | 445 | 445,682 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2015 C, GO Bonds |
5.00% | 07/01/2026 | 100 | 100,166 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2016, Ref. GO Bonds |
5.00% | 01/01/2026 | 50 | 50,629 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2016, Ref. GO Bonds(a)(b) |
5.00% | 07/01/2026 | 100 | 102,247 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2016, Ref. GO Bonds(a)(b) |
5.00% | 07/01/2026 | 25 | 25,562 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2016, Ref. GO Bonds |
5.00% | 01/01/2028 | 35 | 35,764 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2016, Ref. GO Bonds |
4.00% | 01/01/2030 | 30 | 30,135 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2016, Ref. GO Bonds |
5.00% | 01/01/2030 | 5 | 5,097 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2016, Ref. GO Bonds |
4.00% | 01/01/2031 | 100 | 100,298 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2016, Ref. GO Bonds |
5.00% | 01/01/2031 | 100 | 101,836 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2016, Ref. GO Bonds |
4.00% | 01/01/2032 | 30 | 30,081 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2016, Ref. GO Bonds |
4.00% | 01/01/2033 | 85 | 85,152 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2017, GO Bonds |
4.75% | 07/01/2026 | 20 | 20,418 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2018, GO Bonds |
5.00% | 07/01/2026 | 175 | 179,121 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government Health & Educational Facilities Board (The) (Lipscomb University), Series 2016 A, Ref. RB |
5.00% | 10/01/2041 | 55 | 54,502 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government Health & Educational Facilities Board (The) (Lipscomb University), Series 2016 A, Ref. RB |
5.00% | 10/01/2045 | 25 | 24,422 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government Health & Educational Facilities Board (The) (Vanderbilt University Medical Center), Series 2016 A, RB |
5.00% | 07/01/2029 | 105 | 106,516 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government Health & Educational Facilities Board (The) (Vanderbilt University Medical Center), Series 2016 A, RB |
5.00% | 07/01/2030 | 80 | 81,069 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government Health & Educational Facilities Board (The) (Vanderbilt University Medical Center), Series 2016 A, RB |
5.00% | 07/01/2031 | 210 | 212,473 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government Health & Educational Facilities Board (The) (Vanderbilt University Medical Center), Series 2016 A, RB |
5.00% | 07/01/2035 | 150 | 150,828 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government Health & Educational Facilities Board (The) (Vanderbilt University Medical Center), Series 2016 A, RB |
5.00% | 07/01/2040 | 200 | 197,588 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government Health & Educational Facilities Board (The) (Vanderbilt University Medical Center), Series 2016 A, RB |
5.00% | 07/01/2046 | 535 | 518,558 | ||||||||||||
| Tennessee (State of), Series 2016 B, Ref. GO Bonds |
5.00% | 08/01/2028 | 65 | 66,601 | ||||||||||||
| Tennessee (State of), Series 2016 B, Ref. GO Bonds |
5.00% | 08/01/2030 | 100 | 102,216 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Tennessee-(continued) |
||||||||||||||||
| Tennessee (State of) School Bond Authority, Series 2017 B, Ref. RB, (CEP - Colorado Higher Education Intercept Program) |
5.00% | 11/01/2026 | $ | 80 | $ | 82,293 | ||||||||||
| Tennessee Energy Acquisition Corp., Series 2006 A, RB |
5.25% | 09/01/2026 | 30 | 30,425 | ||||||||||||
| Tennessee Energy Acquisition Corp., Series 2006 B, RB |
5.63% | 09/01/2026 | 75 | 76,273 | ||||||||||||
|
|
|
|||||||||||||||
| 3,061,553 | ||||||||||||||||
|
|
|
|||||||||||||||
| Texas-8.49% |
||||||||||||||||
| Aledo Independent School District, Series 2016, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 02/15/2040 | 500 | 477,489 | ||||||||||||
| Allen Independent School District, Series 2017, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2042 | 520 | 521,932 | ||||||||||||
| Austin (City of), TX, Series 2016, Ref. RB |
5.00% | 11/15/2029 | 5 | 5,125 | ||||||||||||
| Austin (City of), TX, Series 2016, Ref. RB |
5.00% | 11/15/2031 | 130 | 132,933 | ||||||||||||
| Austin (City of), TX, Series 2016, Ref. RB |
5.00% | 11/15/2032 | 55 | 56,154 | ||||||||||||
| Austin (City of), TX, Series 2016, Ref. RB |
5.00% | 11/15/2045 | 150 | 150,192 | ||||||||||||
| Austin (City of), TX, Series 2017 A, RB |
5.00% | 11/15/2041 | 40 | 40,165 | ||||||||||||
| Austin (City of), TX, Series 2021, Ref. RB |
5.00% | 11/15/2026 | 95 | 97,938 | ||||||||||||
| Austin (City of), TX, Series 2024, Ref. RB |
5.00% | 11/15/2026 | 65 | 67,010 | ||||||||||||
| Bexar (County of), TX, Series 2017, Ref. GO Bonds(a)(b) |
5.00% | 06/15/2026 | 60 | 61,290 | ||||||||||||
| Bexar (County of), TX, Series 2017, Ref. GO Bonds(a)(b) |
5.00% | 06/15/2026 | 220 | 224,731 | ||||||||||||
| Bexar (County of), TX, Series 2017, Ref. GO Bonds |
5.00% | 06/15/2028 | 500 | 509,377 | ||||||||||||
| Board of Regents of the University of Texas System, Series 2014 B, Ref. RB |
5.00% | 08/15/2026 | 115 | 117,966 | ||||||||||||
| Board of Regents of the University of Texas System, Series 2016 D, RB |
5.00% | 08/15/2026 | 445 | 456,476 | ||||||||||||
| Board of Regents of the University of Texas System, Series 2016 E, RB |
5.00% | 08/15/2026 | 25 | 25,645 | ||||||||||||
| Board of Regents of the University of Texas System, Series 2016 J, RB |
5.00% | 08/15/2026 | 405 | 415,445 | ||||||||||||
| Board of Regents of the University of Texas System, Series 2016 J, RB |
5.00% | 08/15/2028 | 125 | 127,948 | ||||||||||||
| Board of Regents of the University of Texas System, Series 2025 A, RB |
5.00% | 08/15/2026 | 5 | 5,129 | ||||||||||||
| Board of Regents of the University of Texas System (Green Bonds), Series 2016 B, RB |
5.00% | 08/15/2026 | 170 | 174,384 | ||||||||||||
| Clifton Higher Education Finance Corp. (Idea Public Schools), Series 2016 A, Ref. RB, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2046 | 10 | 10,093 | ||||||||||||
| Cypress-Fairbanks Independent School District, Series 2016, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2026 | 100 | 101,518 | ||||||||||||
| Cypress-Fairbanks Independent School District, Series 2016, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2028 | 175 | 177,522 | ||||||||||||
| Cypress-Fairbanks Independent School District, Series 2023 A, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2026 | 5 | 5,076 | ||||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2020 A, Ref. RB |
5.00% | 11/01/2026 | 115 | 118,166 | ||||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2020, Ref. RB |
5.00% | 11/01/2026 | 55 | 56,514 | ||||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2021, Ref. RB |
5.00% | 11/01/2026 | 65 | 66,790 | ||||||||||||
| Dallas (City of) TX, Series 2016 A, Ref. RB |
5.00% | 10/01/2029 | 45 | 46,094 | ||||||||||||
| Dallas (City of) TX, Series 2016 A, Ref. RB |
5.00% | 10/01/2031 | 50 | 51,097 | ||||||||||||
| Dallas (City of) TX, Series 2016 A, Ref. RB |
5.00% | 10/01/2036 | 35 | 35,548 | ||||||||||||
| Dallas (City of), TX, Series 2015 A, Ref. RB |
5.00% | 10/01/2026 | 160 | 161,073 | ||||||||||||
| Dallas (City of), TX, Series 2016 A, Ref. RB |
5.00% | 10/01/2035 | 60 | 61,018 | ||||||||||||
| Dallas (City of), TX, Series 2017, Ref. GO Bonds |
5.00% | 02/15/2026 | 500 | 506,852 | ||||||||||||
| Dallas (City of), TX, Series 2023 A, Ref. GO Bonds |
5.00% | 02/15/2026 | 210 | 212,878 | ||||||||||||
| Dallas (City of), TX Area Rapid Transit, Series 2016 B, Ref. RB |
5.00% | 12/01/2032 | 75 | 76,717 | ||||||||||||
| Dallas (City of), TX Area Rapid Transit, Series 2016 B, Ref. RB |
4.00% | 12/01/2036 | 100 | 98,347 | ||||||||||||
| Dallas (City of), TX Area Rapid Transit, Series 2019, Ref. RB |
5.00% | 12/01/2026 | 150 | 154,632 | ||||||||||||
| Dallas (County of), TX Utility & Reclamation District, Series 2016, Ref. GO Bonds |
5.00% | 02/15/2026 | 30 | 30,384 | ||||||||||||
| Denton (City of), TX, Series 2017, RB |
5.00% | 12/01/2035 | 165 | 167,087 | ||||||||||||
| Denton (County of), TX, Series 2017, Ref. GO Bonds |
5.00% | 07/15/2031 | 50 | 51,036 | ||||||||||||
| Eagle Mountain & Saginaw Independent School District, Series 2016, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 08/15/2033 | 25 | 25,043 | ||||||||||||
| El Paso (City of), TX, Series 2016, GO Bonds |
5.00% | 08/15/2042 | 100 | 100,378 | ||||||||||||
| El Paso (City of), TX, Series 2016, Ref. GO Bonds |
4.00% | 08/15/2031 | 70 | 70,355 | ||||||||||||
| El Paso (City of), TX, Series 2016, Ref. GO Bonds |
4.00% | 08/15/2032 | 160 | 160,645 | ||||||||||||
| El Paso Independent School District, Series 2017, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2036 | 60 | 61,108 | ||||||||||||
| El Paso Independent School District, Series 2017, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2037 | 175 | 178,087 | ||||||||||||
| Fort Bend Independent School District, Series 2017 E, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2026 | 75 | 76,065 | ||||||||||||
| Garland Independent School District, Series 2023 A, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2026 | 5 | 5,074 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Texas-(continued) |
||||||||||||||||
| Harris (County of) & Houston (City of), TX Sports Authority, Series 2024 A, Ref. RB, (INS - AGI)(c) |
5.00% | 11/15/2026 | $ | 25 | $ | 25,716 | ||||||||||
| Harris (County of), TX, Series 2016 A, Ref. RB |
5.00% | 08/15/2026 | 15 | 15,398 | ||||||||||||
| Harris (County of), TX, Series 2016 A, Ref. RB |
5.00% | 08/15/2029 | 10 | 10,204 | ||||||||||||
| Harris (County of), TX, Series 2016 A, Ref. RB |
5.00% | 08/15/2030 | 305 | 310,923 | ||||||||||||
| Harris (County of), TX, Series 2016 A, Ref. RB |
5.00% | 08/15/2031 | 230 | 234,248 | ||||||||||||
| Harris (County of), TX, Series 2016 A, Ref. RB |
5.00% | 08/15/2032 | 135 | 137,286 | ||||||||||||
| Harris (County of), TX, Series 2016 A, Ref. RB |
5.00% | 08/15/2033 | 65 | 66,047 | ||||||||||||
| Harris (County of), TX, Series 2016 A, Ref. RB |
5.00% | 08/15/2034 | 105 | 106,579 | ||||||||||||
| Harris (County of), TX, Series 2016 A, Ref. RB |
5.00% | 08/15/2035 | 25 | 25,344 | ||||||||||||
| Harris (County of), TX, Series 2016 A, Ref. RB |
5.00% | 08/15/2036 | 225 | 227,775 | ||||||||||||
| Harris (County of), TX, Series 2020 A, Ref. GO Bonds |
5.00% | 10/01/2026 | 5 | 5,148 | ||||||||||||
| Harris (County of), TX, Series 2024 A, GO Bonds |
5.00% | 08/15/2026 | 15 | 15,380 | ||||||||||||
| Harris (County of), TX Metropolitan Transit Authority, Series 2016 A, Ref. RB |
5.00% | 11/01/2026 | 110 | 113,369 | ||||||||||||
| Harris (County of), TX Metropolitan Transit Authority, Series 2016 A, Ref. RB |
5.00% | 11/01/2028 | 40 | 41,113 | ||||||||||||
| Harris (County of), TX Metropolitan Transit Authority, Series 2016 A, Ref. RB |
5.00% | 11/01/2029 | 110 | 113,016 | ||||||||||||
| Harris (County of), TX Toll Road Authority (The), Series 2022 A, Ref. RB |
5.00% | 08/15/2026 | 125 | 128,164 | ||||||||||||
| Harris County Cultural Education Facilities Finance Corp. (Memorial Hermann Health System), Series 2016, RB |
4.00% | 07/01/2037 | 500 | 483,556 | ||||||||||||
| Harris County Cultural Education Facilities Finance Corp. (Memorial Hermann Health System), Series 2016, RB |
5.00% | 07/01/2039 | 10 | 10,051 | ||||||||||||
| Harris County Cultural Education Facilities Finance Corp. (Memorial Hermann Health System), Series 2016, RB |
5.00% | 07/01/2040 | 20 | 20,075 | ||||||||||||
| Harris County Cultural Education Facilities Finance Corp. (Memorial Hermann Health System), Series 2019, Ref. RB |
5.00% | 12/01/2026 | 65 | 66,988 | ||||||||||||
| Houston (City of), TX, Series 2016 A, Ref. GO Bonds |
5.00% | 03/01/2026 | 120 | 121,872 | ||||||||||||
| Houston (City of), TX, Series 2016 A, Ref. GO Bonds |
5.00% | 03/01/2028 | 20 | 20,301 | ||||||||||||
| Houston (City of), TX, Series 2016 B, Ref. RB |
5.00% | 11/15/2026 | 35 | 36,098 | ||||||||||||
| Houston (City of), TX, Series 2016 B, Ref. RB |
5.00% | 11/15/2028 | 75 | 77,146 | ||||||||||||
| Houston (City of), TX, Series 2016 B, Ref. RB |
4.00% | 11/15/2031 | 315 | 317,949 | ||||||||||||
| Houston (City of), TX, Series 2016 B, Ref. RB |
5.00% | 11/15/2036 | 30 | 30,447 | ||||||||||||
| Houston (City of), TX, Series 2016 B, Ref. RB |
4.00% | 11/15/2037 | 5 | 4,987 | ||||||||||||
| Houston (City of), TX, Series 2016, Ref. RB |
5.00% | 11/15/2029 | 10 | 10,274 | ||||||||||||
| Houston (City of), TX, Series 2017 A, Ref. GO Bonds |
5.00% | 03/01/2026 | 205 | 208,198 | ||||||||||||
| Houston (City of), TX, Series 2017 B, Ref. RB |
5.00% | 11/15/2026 | 245 | 252,684 | ||||||||||||
| Houston (City of), TX, Series 2018 B, Ref. RB |
5.00% | 07/01/2026 | 60 | 61,155 | ||||||||||||
| Houston (City of), TX, Series 2021 A, GO Bonds |
5.00% | 03/01/2026 | 25 | 25,390 | ||||||||||||
| Houston (City of), TX, Series 2024 B, Ref. GO Bonds |
5.00% | 03/01/2026 | 20 | 20,312 | ||||||||||||
| Houston (City of), TX, Series 2024, Ref. RB |
5.00% | 11/15/2026 | 215 | 221,743 | ||||||||||||
| Houston Independent School District, Series 2016 A, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2028 | 20 | 20,263 | ||||||||||||
| Houston Independent School District, Series 2016 A, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 02/15/2035 | 10 | 9,960 | ||||||||||||
| Houston Independent School District, Series 2016 A, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 02/15/2037 | 10 | 9,882 | ||||||||||||
| Houston Independent School District, Series 2017, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2026 | 110 | 111,608 | ||||||||||||
| Humble Independent School District, Series 2015 A, Ref. GO Bonds, (CEP - Texas Permanent School Fund)(a)(b) |
4.00% | 06/23/2025 | 25 | 25,014 | ||||||||||||
| Hurst-Euless-Bedford Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2026 | 10 | 10,263 | ||||||||||||
| Leander Independent School District, Series 2016 A, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2049 | 10 | 10,082 | ||||||||||||
| Lewisville Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2026 | 20 | 20,501 | ||||||||||||
| Lone Star College System, Series 2016, Ref. GO Bonds |
4.00% | 02/15/2032 | 45 | 45,060 | ||||||||||||
| Lone Star College System, Series 2016, Ref. GO Bonds |
5.00% | 02/15/2033 | 25 | 25,306 | ||||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2021, Ref. RB |
5.00% | 05/15/2026 | 160 | 162,900 | ||||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2023, Ref. RB, (INS - AGI)(c) |
5.00% | 05/15/2026 | 15 | 15,286 | ||||||||||||
| Medina Valley Independent School District, Series 2016, GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 02/15/2041 | 75 | 70,288 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Texas-(continued) |
||||||||||||||||
| Mesquite Independent School District, Series 2017 B, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2042 | $ | 5 | $ | 5,061 | ||||||||||
| Midland Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2026 | 5 | 5,073 | ||||||||||||
| Montgomery (County of), TX, Series 2016, Ref. GO Bonds |
5.00% | 03/01/2028 | 35 | 35,515 | ||||||||||||
| New Hope Cultural Education Facilities Finance Corp. (Cardinal Bay, Inc.), Series 2016, RB(d) |
5.00% | 07/01/2046 | 100 | 90,250 | ||||||||||||
| North East Independent School District, Series 2007, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.25% | 02/01/2026 | 30 | 30,457 | ||||||||||||
| North East Texas Regional Mobility Authority, Series 2016, RB |
5.00% | 01/01/2036 | 70 | 70,320 | ||||||||||||
| North Harris (County of), TX Regional Water Authority, Series 2016, Ref. RB |
4.00% | 12/15/2035 | 180 | 180,318 | ||||||||||||
| North Texas Tollway Authority, Series 2016 A, Ref. RB |
5.00% | 01/01/2028 | 150 | 151,623 | ||||||||||||
| North Texas Tollway Authority, Series 2016 A, Ref. RB |
5.00% | 01/01/2030 | 100 | 100,996 | ||||||||||||
| North Texas Tollway Authority, Series 2016 A, Ref. RB |
5.00% | 01/01/2031 | 1,105 | 1,115,534 | ||||||||||||
| North Texas Tollway Authority, Series 2016 A, Ref. RB |
5.00% | 01/01/2032 | 10 | 10,091 | ||||||||||||
| North Texas Tollway Authority, Series 2016 A, Ref. RB |
5.00% | 01/01/2036 | 625 | 629,050 | ||||||||||||
| North Texas Tollway Authority, Series 2016 A, Ref. RB |
5.00% | 01/01/2039 | 20 | 20,076 | ||||||||||||
| North Texas Tollway Authority, Series 2017 A, Ref. RB |
5.00% | 01/01/2029 | 20 | 20,209 | ||||||||||||
| North Texas Tollway Authority, Series 2017 A, Ref. RB |
5.00% | 01/01/2031 | 115 | 116,096 | ||||||||||||
| North Texas Tollway Authority, Series 2017 B, Ref. RB |
5.00% | 01/01/2028 | 15 | 15,137 | ||||||||||||
| North Texas Tollway Authority, Series 2017 B, Ref. RB |
5.00% | 01/01/2029 | 5 | 5,044 | ||||||||||||
| North Texas Tollway Authority, Series 2017 B, Ref. RB |
5.00% | 01/01/2030 | 45 | 45,368 | ||||||||||||
| North Texas Tollway Authority, Series 2017 B, Ref. RB |
5.00% | 01/01/2031 | 120 | 120,916 | ||||||||||||
| North Texas Tollway Authority, Series 2022 B, Ref. RB |
5.00% | 01/01/2026 | 45 | 45,496 | ||||||||||||
| Pearland (City of), TX, Series 2021 B, Ctfs. of Obligations |
5.00% | 03/01/2030 | 655 | 663,034 | ||||||||||||
| Pecos Barstow Toyah Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2039 | 310 | 311,729 | ||||||||||||
| Pecos Barstow Toyah Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2042 | 1,000 | 1,004,060 | ||||||||||||
| Permanent University Fund - University of Texas System, Series 2007 B, Ref. RB |
5.25% | 07/01/2026 | 140 | 143,682 | ||||||||||||
| Plano Independent School District, Series 2016 A, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2029 | 85 | 86,064 | ||||||||||||
| Round Rock Independent School District, Series 2019 A, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/01/2026 | 10 | 10,254 | ||||||||||||
| San Antonio (City of), TX, Series 2015, RB |
4.00% | 02/01/2033 | 55 | 55,093 | ||||||||||||
| San Antonio (City of), TX, Series 2015, RB |
4.00% | 02/01/2035 | 70 | 69,368 | ||||||||||||
| San Antonio (City of), TX, Series 2015, RB |
4.00% | 02/01/2036 | 80 | 78,130 | ||||||||||||
| San Antonio (City of), TX, Series 2015, RB |
4.00% | 02/01/2037 | 25 | 24,219 | ||||||||||||
| San Antonio (City of), TX, Series 2015, Ref. RB |
5.00% | 02/01/2026 | 70 | 70,981 | ||||||||||||
| San Antonio (City of), TX, Series 2015, Ref. RB |
5.00% | 02/01/2031 | 40 | 40,446 | ||||||||||||
| San Antonio (City of), TX, Series 2015, Ref. RB |
5.00% | 02/01/2032 | 40 | 40,434 | ||||||||||||
| San Antonio (City of), TX, Series 2016, Ref. RB |
5.00% | 02/01/2026 | 235 | 238,292 | ||||||||||||
| San Antonio (City of), TX, Series 2016, Ref. RB |
4.00% | 02/01/2028 | 55 | 55,524 | ||||||||||||
| San Antonio (City of), TX, Series 2016, Ref. RB |
5.00% | 02/01/2029 | 215 | 219,761 | ||||||||||||
| San Antonio (City of), TX, Series 2016, Ref. RB |
5.00% | 02/01/2030 | 80 | 81,649 | ||||||||||||
| San Antonio (City of), TX, Series 2016, Ref. RB |
4.00% | 02/01/2032 | 140 | 140,738 | ||||||||||||
| San Antonio (City of), TX, Series 2016, Ref. RB |
5.00% | 02/01/2032 | 80 | 81,512 | ||||||||||||
| San Antonio (City of), TX, Series 2016, Ref. RB |
4.00% | 02/01/2033 | 10 | 10,037 | ||||||||||||
| San Antonio (City of), TX, Series 2016, Ref. RB |
4.00% | 02/01/2034 | 65 | 65,076 | ||||||||||||
| San Antonio (City of), TX, Series 2018 A, RB. |
5.00% | 02/01/2026 | 30 | 30,420 | ||||||||||||
| San Antonio (City of), TX, Series 2019, Ref. RB |
4.00% | 02/01/2026 | 130 | 130,973 | ||||||||||||
| San Antonio (City of), TX, Series 2024, GO Bonds |
5.00% | 02/01/2026 | 5 | 5,070 | ||||||||||||
| San Antonio (City of), TX Water System, Series 2016 A, Ref. RB |
5.00% | 05/15/2031 | 185 | 188,062 | ||||||||||||
| San Antonio (City of), TX Water System, Series 2016 A, Ref. RB |
5.00% | 05/15/2032 | 20 | 20,313 | ||||||||||||
| San Antonio (City of), TX Water System, Series 2016 C, Ref. RB |
5.00% | 05/15/2033 | 25 | 25,550 | ||||||||||||
| San Antonio (City of), TX Water System, Series 2016 C, Ref. RB |
5.00% | 05/15/2034 | 105 | 107,127 | ||||||||||||
| San Antonio (City of), TX Water System, Series 2016 C, Ref. RB |
5.00% | 05/15/2036 | 200 | 203,302 | ||||||||||||
| San Antonio (City of), TX Water System, Series 2016 C, Ref. RB |
4.00% | 05/15/2037 | 5 | 4,960 | ||||||||||||
| Schertz-Cibolo-Universal City Independent School District, Series 2017, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/01/2042 | 95 | 95,390 | ||||||||||||
| Spring Independent School District, Series 2017, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2042 | 50 | 50,476 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Texas-(continued) |
||||||||||||||||
| Tarrant County Cultural Education Facilities Finance Corp. (Baylor Scott & White Health), Series 2016 A, Ref. RB |
5.00% | 11/15/2029 | $ | 185 | $ | 187,723 | ||||||||||
| Tarrant County Cultural Education Facilities Finance Corp. (Baylor Scott & White Health), Series 2016 A, Ref. RB |
4.00% | 11/15/2035 | 330 | 330,025 | ||||||||||||
| Tarrant County Cultural Education Facilities Finance Corp. (Baylor Scott & White Health), Series 2016, Ref. RB |
5.00% | 11/15/2028 | 50 | 50,765 | ||||||||||||
| Tarrant County Cultural Education Facilities Finance Corp. (Baylor Scott & White Health), Series 2016, Ref. RB |
4.00% | 11/15/2034 | 440 | 440,410 | ||||||||||||
| Tarrant County Cultural Education Facilities Finance Corp. (Baylor Scott & White Health), Series 2016, Ref. RB |
5.00% | 11/15/2037 | 20 | 20,161 | ||||||||||||
| Tarrant County Cultural Education Facilities Finance Corp. (Texas Health Resources System), Series 2016 A, Ref. RB |
5.00% | 02/15/2041 | 275 | 275,916 | ||||||||||||
| Tarrant County Cultural Education Facilities Finance Corp. (Texas Health Resources System), Series 2016, Ref. RB |
5.00% | 02/15/2034 | 90 | 91,500 | ||||||||||||
| Texas (State of), Series 2016 A, GO Bonds |
5.00% | 04/01/2026 | 270 | 274,807 | ||||||||||||
| Texas (State of), Series 2016 A, GO Bonds |
5.00% | 04/01/2038 | 250 | 251,424 | ||||||||||||
| Texas (State of), Series 2016, GO Bonds |
5.00% | 04/01/2028 | 20 | 20,304 | ||||||||||||
| Texas (State of), Series 2016, GO Bonds |
5.00% | 04/01/2029 | 20 | 20,289 | ||||||||||||
| Texas (State of), Series 2016, GO Bonds |
5.00% | 04/01/2029 | 10 | 10,144 | ||||||||||||
| Texas (State of), Series 2016, GO Bonds |
5.00% | 04/01/2030 | 260 | 263,543 | ||||||||||||
| Texas (State of), Series 2016, GO Bonds |
5.00% | 04/01/2031 | 140 | 141,816 | ||||||||||||
| Texas (State of), Series 2016, GO Bonds |
5.00% | 04/01/2031 | 30 | 30,389 | ||||||||||||
| Texas (State of), Series 2016, GO Bonds |
5.00% | 04/01/2032 | 5 | 5,061 | ||||||||||||
| Texas (State of), Series 2016, GO Bonds |
5.00% | 04/01/2032 | 400 | 404,859 | ||||||||||||
| Texas (State of), Series 2016, GO Bonds |
5.00% | 04/01/2033 | 20 | 20,225 | ||||||||||||
| Texas (State of), Series 2016, GO Bonds |
5.00% | 04/01/2033 | 10 | 10,112 | ||||||||||||
| Texas (State of), Series 2016, GO Bonds |
5.00% | 04/01/2034 | 10 | 10,103 | ||||||||||||
| Texas (State of), Series 2016, GO Bonds |
5.00% | 04/01/2037 | 100 | 100,700 | ||||||||||||
| Texas (State of), Series 2016, GO Bonds |
5.00% | 04/01/2038 | 25 | 25,142 | ||||||||||||
| Texas (State of), Series 2016, GO Bonds |
5.00% | 04/01/2043 | 5 | 5,006 | ||||||||||||
| Texas (State of), Series 2016, GO Bonds |
5.00% | 04/01/2046 | 5 | 4,979 | ||||||||||||
| Texas (State of), Series 2016, Ref. GO Bonds |
5.00% | 10/01/2026 | 5 | 5,146 | ||||||||||||
| Texas (State of), Series 2018 A, Ref. GO Bonds |
5.00% | 10/01/2026 | 35 | 36,020 | ||||||||||||
| Texas (State of), Series 2024, Ref. GO Bonds |
5.00% | 10/01/2026 | 150 | 154,372 | ||||||||||||
| Texas (State of) Transportation Commission, Series 2016, RB |
4.00% | 10/15/2036 | 25 | 24,511 | ||||||||||||
| Texas (State of) Transportation Commission, Series 2024, Ref. GO Bonds |
5.00% | 04/01/2026 | 10 | 10,175 | ||||||||||||
| Texas (State of) Transportation Commission State Highway Fund, Series 2015, Ref. RB |
5.00% | 10/01/2026 | 125 | 128,643 | ||||||||||||
| Texas (State of) Transportation Commission State Highway Fund, Series 2016 A, RB |
5.00% | 10/01/2026 | 100 | 102,915 | ||||||||||||
| Texas (State of) Transportation Commission State Highway Fund, Series 2016 A, RB |
5.00% | 10/01/2030 | 5 | 5,113 | ||||||||||||
| Texas (State of) Water Development Board, Series 2016, RB |
4.00% | 10/15/2030 | 100 | 100,656 | ||||||||||||
| Texas (State of) Water Development Board, Series 2016, RB |
4.00% | 10/15/2032 | 80 | 80,337 | ||||||||||||
| Texas (State of) Water Development Board, Series 2016, RB |
4.00% | 10/15/2033 | 40 | 40,094 | ||||||||||||
| Texas (State of) Water Development Board, Series 2016, RB |
4.00% | 10/15/2035 | 505 | 497,144 | ||||||||||||
| Texas (State of) Water Development Board, Series 2016, RB |
5.00% | 10/15/2046 | 10 | 10,108 | ||||||||||||
| Texas (State of) Water Development Board, Series 2017 A, RB |
5.00% | 04/15/2026 | 60 | 61,124 | ||||||||||||
| Texas (State of) Water Development Board, Series 2018 B, RB |
5.00% | 10/15/2026 | 100 | 102,962 | ||||||||||||
| Texas (State of) Water Development Board, Series 2021, RB |
5.00% | 08/01/2026 | 50 | 51,252 | ||||||||||||
| Texas A&M University, Series 2016 C, Ref. RB |
4.00% | 05/15/2028 | 100 | 100,638 | ||||||||||||
| Texas A&M University, Series 2016 C, Ref. RB |
4.00% | 05/15/2029 | 40 | 40,268 | ||||||||||||
| Texas A&M University, Series 2017 E, Ref. RB |
5.00% | 05/15/2026 | 140 | 142,763 | ||||||||||||
| Texas State University Board of Regents, Series 2017 A, Ref. RB |
5.00% | 03/15/2026 | 200 | 203,216 | ||||||||||||
| Texas State University Board of Regents, Series 2024, Ref. RB |
5.00% | 03/15/2026 | 25 | 25,402 | ||||||||||||
| Trinity River Authority, Series 2016, Ref. RB. |
5.00% | 08/01/2026 | 500 | 512,120 | ||||||||||||
| University of Houston, Series 2017 A, Ref. RB |
5.00% | 02/15/2026 | 50 | 50,720 | ||||||||||||
| University of Houston, Series 2017 A, Ref. RB |
5.00% | 02/15/2030 | 75 | 75,866 | ||||||||||||
| University of Houston, Series 2017 A, Ref. RB |
5.00% | 02/15/2031 | 40 | 40,456 | ||||||||||||
| University of Houston, Series 2017 A, Ref. RB |
5.00% | 02/15/2032 | 70 | 70,774 | ||||||||||||
| University of Houston, Series 2017 A, Ref. RB |
5.00% | 02/15/2033 | 10 | 10,105 | ||||||||||||
| University of Houston, Series 2017 A, Ref. RB |
5.00% | 02/15/2034 | 20 | 20,200 | ||||||||||||
| University of Houston, Series 2017 A, Ref. RB |
5.00% | 02/15/2035 | 5 | 5,049 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Texas-(continued) |
||||||||||||||||
| University of Houston, Series 2017 A, Ref. RB |
5.00% | 02/15/2036 | $ | 395 | $ | 398,598 | ||||||||||
| Williamson (County of), TX, Series 2021, GO Notes |
4.00% | 02/15/2026 | 10 | 10,078 | ||||||||||||
|
|
|
|||||||||||||||
| 23,910,459 | ||||||||||||||||
|
|
|
|||||||||||||||
| Utah-0.43% |
||||||||||||||||
| Intermountain Power Agency, Series 2023 A, RB |
5.00% | 07/01/2026 | 225 | 227,609 | ||||||||||||
| University of Utah (The) (Green Bonds), Series 2022 B, RB |
5.00% | 08/01/2026 | 115 | 117,921 | ||||||||||||
| Utah (County of), UT (IHC Health Services, Inc.), Series 2016 B, RB |
5.00% | 05/15/2046 | 200 | 199,014 | ||||||||||||
| Utah (County of), UT (IHC Health Services, Inc.), Series 2016 B, RB |
3.00% | 05/15/2047 | 95 | 68,987 | ||||||||||||
| Utah (State of), Series 2017, GO Bonds |
5.00% | 07/01/2026 | 5 | 5,118 | ||||||||||||
| Utah (State of), Series 2018, GO Bonds |
5.00% | 07/01/2026 | 165 | 168,885 | ||||||||||||
| Utah (State of), Series 2020 B, GO Bonds |
5.00% | 07/01/2026 | 230 | 235,416 | ||||||||||||
| Utah (State of) Transit Authority, Series 2016, Ref. RB |
4.00% | 12/15/2029 | 45 | 45,288 | ||||||||||||
| Utah (State of) Transit Authority, Series 2016, Ref. RB |
4.00% | 12/15/2030 | 95 | 95,560 | ||||||||||||
| Utah (State of) Transit Authority, Series 2016, Ref. RB |
4.00% | 12/15/2031 | 30 | 30,159 | ||||||||||||
| Utah Municipal Power Agency, Series 2016 B, RB |
5.00% | 07/01/2038 | 25 | 25,232 | ||||||||||||
|
|
|
|||||||||||||||
| 1,219,189 | ||||||||||||||||
|
|
|
|||||||||||||||
| Vermont-0.06% |
||||||||||||||||
| Vermont (State of) Educational & Health Buildings Financing Agency (University of Vermont Medical Center (The)), Series 2016 A, Ref. RB |
5.00% | 12/01/2032 | 10 | 10,098 | ||||||||||||
| Vermont (State of) Educational & Health Buildings Financing Agency (University of Vermont Medical Center), Series 2016 A, Ref. RB |
5.00% | 12/01/2034 | 5 | 5,032 | ||||||||||||
| Vermont (State of) Educational & Health Buildings Financing Agency (University of Vermont Medical Center), Series 2016 A, Ref. RB |
5.00% | 12/01/2035 | 75 | 75,398 | ||||||||||||
| Vermont (State of) Educational & Health Buildings Financing Agency (University of Vermont Medical Center), Series 2016 A, Ref. RB |
5.00% | 12/01/2036 | 80 | 80,314 | ||||||||||||
|
|
|
|||||||||||||||
| 170,842 | ||||||||||||||||
|
|
|
|||||||||||||||
| Virginia-1.71% |
||||||||||||||||
| Chesapeake Bay Bridge & Tunnel District, Series 2016, RB |
5.00% | 07/01/2046 | 255 | 251,719 | ||||||||||||
| Chesapeake Bay Bridge & Tunnel District, Series 2016, RB, (INS - AGI)(c) |
5.00% | 07/01/2041 | 105 | 105,509 | ||||||||||||
| Fairfax (County of), VA, Series 2016 A, Ref. GO Bonds(a)(b) |
5.00% | 04/01/2026 | 100 | 101,789 | ||||||||||||
| Fairfax (County of), VA, Series 2016 A, Ref. GO Bonds |
4.00% | 10/01/2026 | 125 | 126,129 | ||||||||||||
| Fairfax (County of), VA, Series 2016 A, Ref. GO Bonds |
4.00% | 10/01/2027 | 405 | 408,772 | ||||||||||||
| Fairfax (County of), VA, Series 2016 A, Ref. GO Bonds |
4.00% | 10/01/2028 | 75 | 75,595 | ||||||||||||
| Fairfax (County of), VA, Series 2023 A, GO Bonds |
4.00% | 10/01/2026 | 5 | 5,076 | ||||||||||||
| Fairfax (County of), VA, Series 2025 A, GO Bonds |
5.00% | 10/01/2026 | 105 | 107,949 | ||||||||||||
| Fairfax (County of), VA Industrial Development Authority (Inova Health System), Series 2016 A, Ref. RB |
5.00% | 05/15/2030 | 125 | 126,962 | ||||||||||||
| Fairfax (County of), VA Industrial Development Authority (Inova Health System), Series 2016 A, Ref. RB |
5.00% | 05/15/2031 | 90 | 91,379 | ||||||||||||
| Fairfax (County of), VA Industrial Development Authority (Inova Health System), Series 2016, Ref. RB |
5.00% | 05/15/2026 | 5 | 5,094 | ||||||||||||
| Fairfax (County of), VA Industrial Development Authority (Inova Health System), Series 2016, Ref. RB |
5.00% | 05/15/2026 | 15 | 15,282 | ||||||||||||
| Hampton Roads Sanitation District, Series 2016 A, Ref. RB(a)(b) |
5.00% | 08/01/2026 | 100 | 102,424 | ||||||||||||
| Hampton Roads Sanitation District, Series 2016 A, Ref. RB(a)(b) |
5.00% | 08/01/2026 | 30 | 30,727 | ||||||||||||
| Hampton Roads Sanitation District, Series 2016 A, Ref. RB(a)(b) |
5.00% | 08/01/2026 | 415 | 425,059 | ||||||||||||
| Hampton Roads Sanitation District, Series 2016 A, Ref. RB(a)(b) |
5.00% | 08/01/2026 | 40 | 40,970 | ||||||||||||
| Hampton Roads Sanitation District, Series 2016 A, Ref. RB(a)(b) |
5.00% | 08/01/2026 | 10 | 10,242 | ||||||||||||
| Henrico (County of), VA, Series 2016, Ref. RB(a)(b) |
5.00% | 05/01/2026 | 75 | 76,382 | ||||||||||||
| Norfolk (City of), VA, Series 2016 B, Ref. GO Bonds |
4.00% | 10/01/2028 | 75 | 76,056 | ||||||||||||
| Richmond (City of), VA, Series 2016, Ref. RB |
5.00% | 01/15/2026 | 20 | 20,261 | ||||||||||||
| Richmond (City of), VA, Series 2016, Ref. RB(a)(b) |
5.00% | 01/15/2026 | 20 | 20,253 | ||||||||||||
| Richmond (City of), VA, Series 2016, Ref. RB(a)(b) |
5.00% | 01/15/2026 | 80 | 81,013 | ||||||||||||
| Richmond (City of), VA, Series 2016, Ref. RB(a)(b) |
5.00% | 01/15/2026 | 135 | 136,710 | ||||||||||||
| Richmond (City of), VA, Series 2016, Ref. RB(a)(b) |
5.00% | 01/15/2026 | 5 | 5,063 | ||||||||||||
| Richmond (City of), VA, Series 2016, Ref. RB(a)(b) |
5.00% | 01/15/2026 | 75 | 75,950 | ||||||||||||
| Richmond (City of), VA, Series 2016, Ref. RB |
4.00% | 01/15/2037 | 250 | 247,084 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Virginia-(continued) |
||||||||||||||||
| Stafford (County of), VA Economic Development Authority (Mary Washington Healthcare Obligated Group), Series 2016, Ref. RB |
5.00% | 06/15/2035 | $ | 25 | $ | 25,213 | ||||||||||
| Virginia (Commonwealth of), Series 2015 B, Ref. GO Bonds |
5.00% | 06/01/2026 | 25 | 25,040 | ||||||||||||
| Virginia (Commonwealth of), Series 2024 B, Ref. GO Bonds |
5.00% | 06/01/2026 | 35 | 35,770 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority, Series 2016 A, Ref. RB, (CEP - Colorado Higher Education Intercept Program) |
3.00% | 09/01/2026 | 125 | 124,909 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority, Series 2016 A, Ref. RB, (CEP - Colorado Higher Education Intercept Program) |
5.00% | 09/01/2028 | 100 | 102,274 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority, Series 2016 A, Ref. RB, (CEP - Colorado Higher Education Intercept Program) |
5.00% | 09/01/2029 | 65 | 66,446 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority, Series 2019 A, RB |
5.00% | 02/01/2026 | 500 | 507,005 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Centuity College and Equipment), Series 2020, RB |
5.00% | 02/01/2026 | 15 | 15,210 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Centuity College and Equipment), Series 2021, RB |
5.00% | 02/01/2026 | 20 | 20,280 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and Equipment Programs), Series 2017, RB |
5.00% | 02/01/2026 | 70 | 70,981 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and Equipment Programs), Series 2017, Ref. RB |
5.00% | 02/01/2026 | 30 | 30,420 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and Equipment Programs), Series 2019 C, Ref. RB |
5.00% | 02/01/2026 | 60 | 60,841 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and Equipment Programs), Series 2022 A, RB |
5.00% | 02/01/2026 | 45 | 45,630 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and Equipments Programs), Series 2017, Ref. RB |
5.00% | 02/01/2026 | 50 | 50,700 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and Equipments Programs), Series 2024, RB |
5.00% | 02/01/2026 | 25 | 25,350 | ||||||||||||
| Virginia (Commonwealth of) Public Building Authority, Series 2016 B, Ref. RB |
5.00% | 08/01/2026 | 220 | 225,588 | ||||||||||||
| Virginia (Commonwealth of) Public Building Authority, Series 2020 B, Ref. RB |
5.00% | 08/01/2026 | 30 | 30,762 | ||||||||||||
| Virginia (Commonwealth of) Public Building Authority, Series 2024 B, Ref. RB |
5.00% | 08/01/2026 | 40 | 41,016 | ||||||||||||
| Virginia (Commonwealth of) Transportation Board, Series 2016, RB |
5.00% | 09/15/2030 | 230 | 235,047 | ||||||||||||
| Virginia (Commonwealth of) Transportation Board, Series 2017 A, Ref. RB |
5.00% | 05/15/2026 | 80 | 81,564 | ||||||||||||
| Virginia (Commonwealth of) Transportation Board (Garvee), Series 2017, Ref. RB |
5.00% | 03/15/2026 | 225 | 228,565 | ||||||||||||
|
|
|
|||||||||||||||
| 4,818,060 | ||||||||||||||||
|
|
|
|||||||||||||||
| Washington-3.46% |
||||||||||||||||
| Central Puget Sound Regional Transit Authority (Green Bonds), Series 2016 S-1, RB |
5.00% | 11/01/2035 | 150 | 152,527 | ||||||||||||
| Central Puget Sound Regional Transit Authority (Green Bonds), Series 2021 S-1, Ref. RB |
5.00% | 11/01/2026 | 110 | 113,338 | ||||||||||||
| Energy Northwest (Bonneville Power Administration), Series 2016 A, Ref. RB |
5.00% | 07/01/2026 | 20 | 20,449 | ||||||||||||
| Energy Northwest (Bonneville Power Administration), Series 2016 A, Ref. RB |
5.00% | 07/01/2028 | 185 | 188,737 | ||||||||||||
| Energy Northwest (No. 1), Series 2017 A, Ref. RB |
5.00% | 07/01/2026 | 345 | 352,753 | ||||||||||||
| Energy Northwest (No. 1), Series 2021 A, Ref. RB |
5.00% | 07/01/2026 | 65 | 66,461 | ||||||||||||
| Energy Northwest (No. 1), Series 2022 A, Ref. RB |
5.00% | 07/01/2026 | 295 | 301,629 | ||||||||||||
| Grant (County of), WA Public Utility District No. 2, Series 2023 U, Ref. RB |
4.00% | 01/01/2026 | 110 | 110,464 | ||||||||||||
| King & Snohomish Counties School District No. 417 Northshore, Series 2024, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2026 | 160 | 165,155 | ||||||||||||
| King (County of), WA, Series 2016 A, Ref. RB |
4.00% | 07/01/2038 | 265 | 262,582 | ||||||||||||
| King (County of), WA, Series 2016 B, Ref. RB |
5.00% | 07/01/2028 | 120 | 122,219 | ||||||||||||
| King (County of), WA, Series 2016 B, Ref. RB |
4.00% | 07/01/2030 | 130 | 131,004 | ||||||||||||
| King County School District No. 401 Highline, Series 2015, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2026 | 50 | 50,498 | ||||||||||||
| King County School District No. 401 Highline, Series 2017, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2028 | 145 | 148,469 | ||||||||||||
| King County School District No. 401 Highline, Series 2017, GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 12/01/2029 | 65 | 65,674 | ||||||||||||
| King County School District No. 401 Highline, Series 2017, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2030 | 20 | 20,446 | ||||||||||||
| King County School District No. 401 Highline, Series 2017, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2031 | 100 | 102,143 | ||||||||||||
| King County School District No. 401 Highline, Series 2017, GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 12/01/2035 | 105 | 105,091 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Washington-(continued) |
||||||||||||||||
| King County School District No. 405 Bellevue, Series 2016, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2026 | $ | 45 | $ | 46,450 | ||||||||||
| King County School District No. 405 Bellevue, Series 2016, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2028 | 65 | 66,555 | ||||||||||||
| King County School District No. 405 Bellevue, Series 2016, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2029 | 50 | 51,152 | ||||||||||||
| King County School District No. 405 Bellevue, Series 2016, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2030 | 555 | 567,382 | ||||||||||||
| King County School District No. 411 Issaquah, Series 2016, GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 12/01/2031 | 65 | 65,225 | ||||||||||||
| King County School District No. 411 Issaquah, Series 2016, GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 12/01/2032 | 20 | 20,065 | ||||||||||||
| King County School District No. 411 Issaquah, Series 2017, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2032 | 690 | 704,078 | ||||||||||||
| King County School District No. 411 Issaquah, Series 2022, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2026 | 85 | 87,675 | ||||||||||||
| North Thurston Public Schools, Series 2017, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2026 | 95 | 98,075 | ||||||||||||
| Pierce County School District No. 10 Tacoma, Series 2024, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2026 | 30 | 30,944 | ||||||||||||
| Seattle (City of), WA, Series 2015 A, Ref. GO Bonds |
5.00% | 06/01/2026 | 20 | 20,021 | ||||||||||||
| Seattle (City of), WA, Series 2019 B, Ref. RB |
5.00% | 02/01/2026 | 70 | 70,985 | ||||||||||||
| Seattle (Port of), WA, Series 2016, Ref. RB |
5.00% | 02/01/2026 | 25 | 25,337 | ||||||||||||
| Seattle (Port of), WA, Series 2016, Ref. RB |
5.00% | 02/01/2028 | 10 | 10,109 | ||||||||||||
| Seattle (Port of), WA, Series 2016, Ref. RB |
5.00% | 02/01/2029 | 25 | 25,265 | ||||||||||||
| Seattle (Port of), WA, Series 2016, Ref. RB |
5.00% | 02/01/2030 | 35 | 35,359 | ||||||||||||
| Seattle (Port of), WA, Series 2022 A, Ref. RB |
5.00% | 08/01/2026 | 30 | 30,734 | ||||||||||||
| University of Washington, Series 2016 A, Ref. RB |
5.25% | 12/01/2046 | 200 | 200,817 | ||||||||||||
| Washington (State of), Series 2016 A, GO Bonds |
5.00% | 08/01/2031 | 195 | 198,819 | ||||||||||||
| Washington (State of), Series 2016 A, Ref. GO Bonds |
5.00% | 08/01/2031 | 15 | 15,299 | ||||||||||||
| Washington (State of), Series 2016 B, Ref. GO Bonds |
5.00% | 07/01/2026 | 250 | 253,037 | ||||||||||||
| Washington (State of), Series 2016 B, Ref. GO Bonds |
4.00% | 08/01/2026 | 20 | 20,269 | ||||||||||||
| Washington (State of), Series 2016 B, Ref. GO Bonds |
5.00% | 07/01/2027 | 5 | 5,055 | ||||||||||||
| Washington (State of), Series 2016 B, Ref. GO Bonds |
5.00% | 07/01/2028 | 5 | 5,055 | ||||||||||||
| Washington (State of), Series 2016 B, Ref. GO Bonds |
5.00% | 08/01/2028 | 85 | 86,870 | ||||||||||||
| Washington (State of), Series 2016 B, Ref. GO Bonds |
5.00% | 07/01/2029 | 75 | 75,783 | ||||||||||||
| Washington (State of), Series 2016 B, Ref. GO Bonds |
5.00% | 08/01/2029 | 25 | 25,524 | ||||||||||||
| Washington (State of), Series 2016 B, Ref. GO Bonds |
5.00% | 07/01/2030 | 270 | 272,692 | ||||||||||||
| Washington (State of), Series 2016 B, Ref. GO Bonds |
5.00% | 08/01/2030 | 215 | 219,285 | ||||||||||||
| Washington (State of), Series 2016 B, Ref. GO Bonds |
5.00% | 07/01/2031 | 55 | 55,536 | ||||||||||||
| Washington (State of), Series 2016 B, Ref. GO Bonds |
5.00% | 08/01/2031 | 135 | 137,644 | ||||||||||||
| Washington (State of), Series 2016 B, Ref. GO Bonds |
5.00% | 07/01/2032 | 100 | 100,911 | ||||||||||||
| Washington (State of), Series 2016 B, Ref. GO Bonds |
5.00% | 08/01/2032 | 85 | 86,557 | ||||||||||||
| Washington (State of), Series 2016 B, Ref. GO Bonds |
5.00% | 07/01/2033 | 50 | 50,438 | ||||||||||||
| Washington (State of), Series 2016 B, Ref. GO Bonds |
5.00% | 08/01/2033 | 5 | 5,087 | ||||||||||||
| Washington (State of), Series 2016 C, GO Bonds |
5.00% | 02/01/2035 | 25 | 25,228 | ||||||||||||
| Washington (State of), Series 2016 C, GO Bonds |
5.00% | 02/01/2036 | 40 | 40,342 | ||||||||||||
| Washington (State of), Series 2016 C, GO Bonds |
5.00% | 02/01/2037 | 130 | 131,026 | ||||||||||||
| Washington (State of), Series 2016 R, Ref. GO Bonds |
5.00% | 07/01/2032 | 200 | 201,822 | ||||||||||||
| Washington (State of), Series 2017 A, GO Bonds |
5.00% | 08/01/2026 | 50 | 51,241 | ||||||||||||
| Washington (State of), Series 2017 A, GO Bonds |
5.00% | 08/01/2028 | 20 | 20,440 | ||||||||||||
| Washington (State of), Series 2017 A, GO Bonds |
5.00% | 08/01/2032 | 5 | 5,092 | ||||||||||||
| Washington (State of), Series 2017 A, GO Bonds |
5.00% | 08/01/2033 | 70 | 71,218 | ||||||||||||
| Washington (State of), Series 2017 A, GO Bonds |
5.00% | 08/01/2034 | 145 | 147,407 | ||||||||||||
| Washington (State of), Series 2017 A, GO Bonds |
5.00% | 08/01/2035 | 30 | 30,467 | ||||||||||||
| Washington (State of), Series 2017 A, GO Bonds |
5.00% | 08/01/2036 | 60 | 60,872 | ||||||||||||
| Washington (State of), Series 2017 C, Ref. GO Bonds |
5.00% | 08/01/2026 | 40 | 40,993 | ||||||||||||
| Washington (State of), Series 2017-A, GO Bonds |
5.00% | 08/01/2030 | 60 | 61,196 | ||||||||||||
| Washington (State of), Series 2020 C, GO Bonds |
5.00% | 02/01/2026 | 90 | 91,255 | ||||||||||||
| Washington (State of), Series 2020 R, Ref. GO Bonds |
5.00% | 07/01/2026 | 15 | 15,345 | ||||||||||||
| Washington (State of), Series 2023, Ref. GO Bonds |
5.00% | 08/01/2026 | 5 | 5,124 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Washington-(continued) |
||||||||||||||||
| Washington (State of), Series 2024, Ref. GO Bonds |
5.00% | 07/01/2026 | $ | 45 | $ | 46,035 | ||||||||||
| Washington (State of), Series 2024, Ref. GO Bonds |
5.00% | 07/01/2026 | 5 | 5,115 | ||||||||||||
| Washington (State of), Series R-2017A, Ref. GO Bonds |
5.00% | 08/01/2026 | 135 | 138,350 | ||||||||||||
| Washington (State of), Series R-2017A, Ref. GO Bonds |
5.00% | 08/01/2028 | 420 | 429,144 | ||||||||||||
| Washington (State of), Series R-2017A, Ref. GO Bonds |
5.00% | 08/01/2029 | 35 | 35,726 | ||||||||||||
| Washington (State of), Series R-2017A, Ref. GO Bonds |
5.00% | 08/01/2030 | 55 | 56,115 | ||||||||||||
| Washington (State of), Series R-2017A, Ref. GO Bonds |
5.00% | 08/01/2032 | 355 | 361,585 | ||||||||||||
| Washington (State of), Series R-2017A, Ref. GO Bonds |
5.00% | 08/01/2033 | 120 | 122,129 | ||||||||||||
| Washington (State of), Series R-2017A, Ref. GO Bonds |
5.00% | 08/01/2034 | 200 | 203,366 | ||||||||||||
| Washington (State of), Series R-2018D, Ref. GO Bonds |
5.00% | 08/01/2026 | 10 | 10,248 | ||||||||||||
| Washington (State of), Series R-2020C, Ref. GO Bonds |
5.00% | 07/01/2026 | 45 | 46,035 | ||||||||||||
| Washington (State of), Series R-2022D, Ref. GO Bonds |
4.00% | 07/01/2026 | 185 | 187,302 | ||||||||||||
| Washington (State of), Series R-2024C, Ref. GO Bonds |
5.00% | 08/01/2026 | 15 | 15,372 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2022 C, GO Bonds |
5.00% | 02/01/2026 | 30 | 30,418 | ||||||||||||
| Washington (State of) (Bid Group 1), Series R-2022C, Ref. GO Bonds |
4.00% | 07/01/2026 | 730 | 739,085 | ||||||||||||
| Washington (State of) Higher Education Facilities Authority (Whitworth University), Series 2016 A, Ref. RB |
5.00% | 10/01/2040 | 70 | 66,288 | ||||||||||||
|
|
|
|||||||||||||||
| 9,741,109 | ||||||||||||||||
|
|
|
|||||||||||||||
| West Virginia-0.03% |
||||||||||||||||
| West Virginia (State of) Commissioner of Highways (Surface Transportation), Series 2017 A, RB |
5.00% | 09/01/2026 | 85 | 87,191 | ||||||||||||
|
|
|
|||||||||||||||
| Wisconsin-1.08% |
||||||||||||||||
| Wisconsin (State of), Series 2016-2, Ref. GO Bonds |
5.00% | 11/01/2026 | 40 | 40,771 | ||||||||||||
| Wisconsin (State of), Series 2016-2, Ref. GO Bonds |
5.00% | 11/01/2029 | 15 | 15,258 | ||||||||||||
| Wisconsin (State of), Series 2017, Ref. GO Bonds |
5.00% | 11/01/2026 | 25 | 25,773 | ||||||||||||
| Wisconsin (State of), Series 2017-2, Ref. GO Bonds |
5.00% | 11/01/2026 | 210 | 216,490 | ||||||||||||
| Wisconsin (State of), Series 2018 A, GO Bonds |
4.00% | 05/01/2033 | 25 | 25,154 | ||||||||||||
| Wisconsin (State of), Series 2018 A, RB |
5.00% | 06/01/2026 | 210 | 214,560 | ||||||||||||
| Wisconsin (State of), Series 2019 A, Ref. RB(a) |
5.00% | 05/01/2026 | 70 | 71,290 | ||||||||||||
| Wisconsin (State of), Series 2021 1, Ref. GO Bonds |
5.00% | 05/01/2026 | 125 | 127,462 | ||||||||||||
| Wisconsin (State of), Series 2021-2, Ref. GO Bonds |
5.00% | 05/01/2026 | 45 | 45,887 | ||||||||||||
| Wisconsin (State of), Series 2025, Ref. GO Bonds |
5.00% | 05/01/2026 | 25 | 25,493 | ||||||||||||
| Wisconsin (State of) Department of Transportation, Series 2015 1, Ref. RB |
5.00% | 07/01/2026 | 70 | 70,102 | ||||||||||||
| Wisconsin (State of) Department of Transportation, Series 2017 1, Ref. RB |
5.00% | 07/01/2026 | 90 | 92,119 | ||||||||||||
| Wisconsin (State of) Department of Transportation, Series 2017 2, Ref. RB |
5.00% | 07/01/2026 | 20 | 20,471 | ||||||||||||
| Wisconsin (State of) Department of Transportation, Series 2024, Ref. RB |
5.00% | 07/01/2026 | 30 | 30,706 | ||||||||||||
| Wisconsin (State of) Health & Educational Facilities Authority (Ascension
Health Credit Group), Series 2016 A, Ref. |
3.13% | 05/15/2026 | 25 | 24,990 | ||||||||||||
| Wisconsin (State of) Health & Educational Facilities Authority (Ascension Health Credit Group), Series 2016 A, Ref. RB |
4.00% | 11/15/2033 | 135 | 134,817 | ||||||||||||
| Wisconsin (State of) Health & Educational Facilities Authority (Ascension Health Credit Group), Series 2016 A, Ref. RB |
4.00% | 11/15/2035 | 240 | 233,593 | ||||||||||||
| Wisconsin (State of) Health & Educational Facilities Authority (Ascension Health Credit Group), Series 2016 A, Ref. RB |
5.00% | 11/15/2039 | 370 | 371,118 | ||||||||||||
| Wisconsin (State of) Health & Educational Facilities Authority (Ascension Health Credit Group), Series 2016, Ref. RB |
5.00% | 11/15/2026 | 125 | 127,339 | ||||||||||||
| Wisconsin (State of) Health & Educational Facilities Authority (Ascension Health Credit Group), Series 2016, Ref. RB |
5.00% | 11/15/2028 | 45 | 45,723 | ||||||||||||
| Wisconsin (State of) Health & Educational Facilities Authority (Ascension Health Credit Group), Series 2016, Ref. RB |
5.00% | 11/15/2029 | 40 | 40,596 | ||||||||||||
| Wisconsin (State of) Health & Educational Facilities Authority (Ascension Health Credit Group), Series 2016, Ref. RB |
5.00% | 11/15/2030 | 65 | 65,880 | ||||||||||||
| Wisconsin (State of) Health & Educational Facilities Authority (Ascension Health Credit Group), Series 2016, Ref. RB |
5.00% | 11/15/2031 | 50 | 50,619 | ||||||||||||
| Wisconsin (State of) Health & Educational Facilities Authority (Ascension Health Credit Group), Series 2016, Ref. RB |
4.00% | 11/15/2032 | 70 | 70,106 | ||||||||||||
| Wisconsin (State of) Health & Educational Facilities Authority (Ascension Health Credit Group), Series 2016, Ref. RB |
5.00% | 11/15/2035 | 20 | 20,166 | ||||||||||||
| Wisconsin (State of) Health & Educational Facilities Authority (Ascension Health Credit Group), Series 2019, Ref. RB |
5.00% | 11/15/2026 | 10 | 10,283 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Wisconsin-(continued) |
||||||||||||||||
| Wisconsin (State of) Health & Educational Facilities Authority (Ascension Senior Credit Group), Series 2016, Ref. RB |
5.00% | 11/15/2036 | $ | 115 | $ | 115,813 | ||||||||||
| Wisconsin (State of) Health & Educational Facilities Authority (Marshfield Clinic Health System), Series 2016 B, RB |
5.00% | 02/15/2042 | 25 | 24,547 | ||||||||||||
| Wisconsin (State of) Health & Educational Facilities Authority (Medical College of Wisconsin), Series 2016, Ref. RB |
5.00% | 12/01/2041 | 50 | 50,294 | ||||||||||||
| Wisconsin (State of) Public Finance Authority (KU Campus Development Corp. -Central District Development), Series 2016, RB |
5.00% | 03/01/2041 | 200 | 200,848 | ||||||||||||
| Wisconsin (State of) Public Finance Authority (KU Campus Development Corp. -Central District Development), Series 2016, RB |
5.00% | 03/01/2046 | 45 | 45,092 | ||||||||||||
| Wisconsin (State of) Public Finance Authority (Renown Regional Medical Center), Series 2016, Ref. RB |
5.00% | 06/01/2040 | 400 | 392,290 | ||||||||||||
|
|
|
|||||||||||||||
| 3,045,650 | ||||||||||||||||
|
|
|
|||||||||||||||
| TOTAL INVESTMENTS IN
SECURITIES(e)-98.25% |
276,748,728 | |||||||||||||||
| OTHER ASSETS LESS LIABILITIES-1.75% |
4,938,697 | |||||||||||||||
|
|
|
|||||||||||||||
| NET ASSETS-100.00% |
$ | 281,687,425 | ||||||||||||||
|
|
|
|||||||||||||||
| Investment Abbreviations: |
| AGI -Assured Guaranty, Inc. |
| BAM -Build America Mutual Assurance Co. |
| CEP -Credit Enhancement Provider |
| COP -Certificates of Participation |
| Ctfs. -Certificates |
| GO -General Obligation |
| INS -Insurer |
| MTA -Moving Treasury Average |
| NATL -National Public Finance Guarantee Corp. |
| RB -Revenue Bonds |
| Ref. -Refunding |
| RN -Revenue Notes |
| Wts. -Warrants |
Notes to Schedule of Investments:
| (a) | Advance refunded; secured by an escrow fund of U.S. Government obligations or other highly rated collateral. |
| (b) | Security has an irrevocable call by the issuer or mandatory put by the holder. Maturity date reflects such call or put. |
| (c) | Principal and/or interest payments are secured by the bond insurance company listed. |
| (d) | Defaulted security. Currently, the issuer is in default with respect to principal and/or interest payments. The aggregate value of these securities at May 31, 2025 was $90,250, which represented less than 1% of the Fund’s Net Assets. |
| (e) | Entities may either issue, guarantee, back or otherwise enhance the credit quality of a security. The entities are not primarily responsible for the issuer’s obligations but may be called upon to satisfy the issuer’s obligations. No concentration of any single entity was greater than 5% each. |
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Municipal Obligations-98.48% |
||||||||||||||||
| Alabama-0.60% |
||||||||||||||||
| Alabama (State of), Series 2016 C, Ref. GO Bonds |
5.00% | 08/01/2027 | $ | 50 | $ | 51,248 | ||||||||||
| Alabama (State of) Federal Aid Highway Finance Authority (Garvee), Series 2017 A, RB(a)(b) |
4.00% | 09/01/2027 | 70 | 71,577 | ||||||||||||
| Alabama (State of) Federal Aid Highway Finance Authority (Garvee), Series 2017 A, RB(a)(b) |
5.00% | 09/01/2027 | 75 | 78,309 | ||||||||||||
| Alabama (State of) Federal Aid Highway Finance Authority (Garvee), Series 2017 A, RB(a) |
5.00% | 09/01/2027 | 25 | 26,103 | ||||||||||||
| Alabama (State of) Federal Aid Highway Finance Authority (Garvee), Series 2017 A, RB(a)(b) |
5.00% | 09/01/2027 | 75 | 78,309 | ||||||||||||
| Alabama (State of) Public School & College Authority (Social Bonds), Series 2020 A, Ref. RB |
5.00% | 11/01/2027 | 445 | 467,921 | ||||||||||||
| Birmingham (City of), AL Water Works Board (The), Series 2016 B, Ref. RB(a)(b) |
5.00% | 01/01/2027 | 75 | 77,436 | ||||||||||||
| Birmingham (City of), AL Water Works Board (The), Series 2016 B, Ref. RB(a)(b) |
5.00% | 01/01/2027 | 70 | 72,274 | ||||||||||||
| Jefferson (County of), AL, Series 2017, Ref. RB |
4.00% | 09/15/2036 | 60 | 59,952 | ||||||||||||
| Jefferson (County of), AL, Series 2017, Ref. RB |
4.00% | 09/15/2037 | 95 | 93,767 | ||||||||||||
| Jefferson (County of), AL, Series 2017, Ref. Revenue Wts |
5.00% | 09/15/2030 | 150 | 153,960 | ||||||||||||
| Jefferson (County of), AL, Series 2024, Ref. RB |
5.00% | 10/01/2027 | 5 | 5,201 | ||||||||||||
| Tuscaloosa (City of), AL Board of Education, Series 2017, Revenue Wts.(a)(b) |
4.00% | 02/01/2027 | 260 | 265,136 | ||||||||||||
| Water Works Board of the City of Birmingham (The), Series 2016 B, Ref. RB(a)(b) |
4.00% | 01/01/2027 | 25 | 25,428 | ||||||||||||
|
|
|
|||||||||||||||
| 1,526,621 | ||||||||||||||||
|
|
|
|||||||||||||||
| Alaska-0.21% |
||||||||||||||||
| Alaska (State of) Municipal Bond Bank Authority, Series 2017 A, RB |
4.00% | 10/01/2037 | 420 | 416,149 | ||||||||||||
| Alaska (State of) Municipal Bond Bank Authority, Series 2017 A, RB |
5.50% | 10/01/2042 | 20 | 20,450 | ||||||||||||
| North Slope (Borough of), AK, Series 2022 A, GO Bonds |
5.00% | 06/30/2027 | 90 | 93,966 | ||||||||||||
|
|
|
|||||||||||||||
| 530,565 | ||||||||||||||||
|
|
|
|||||||||||||||
| Arizona-1.74% |
||||||||||||||||
| Arizona (State of), Series 2019 A, Ref. COP(a) |
5.00% | 10/01/2027 | 120 | 125,894 | ||||||||||||
| Arizona (State of) Department of Transportation, Series 2016, Ref. RB |
5.00% | 07/01/2027 | 10 | 10,201 | ||||||||||||
| Arizona (State of) Department of Transportation, Series 2023, RB |
5.00% | 07/01/2027 | 275 | 287,418 | ||||||||||||
| Arizona (State of) Sports & Tourism Authority, Series 2022, Ref. RB, (INS - BAM)(c) |
5.00% | 07/01/2027 | 100 | 104,000 | ||||||||||||
| Arizona Water Infrastructure Finance Authority, Series 2024, Ref. RB |
5.00% | 10/01/2027 | 110 | 115,530 | ||||||||||||
| Chandler (City of), AZ, Series 2016, Ref. GO Bonds |
5.00% | 07/01/2027 | 140 | 146,409 | ||||||||||||
| Maricopa (County of), AZ Industrial Development Authority (Banner Health Obligated Group), Series 2016 A, Ref. RB |
4.00% | 01/01/2032 | 370 | 371,852 | ||||||||||||
| Maricopa (County of), AZ Industrial Development Authority (Banner Health Obligated Group), Series 2016 A, Ref. RB |
5.00% | 01/01/2032 | 25 | 25,564 | ||||||||||||
| Maricopa (County of), AZ Industrial Development Authority (Banner Health Obligated Group), Series 2016 A, Ref. RB |
5.00% | 01/01/2033 | 45 | 45,959 | ||||||||||||
| Maricopa (County of), AZ Industrial Development Authority (Banner Health Obligated Group), Series 2016 A, Ref. RB |
4.00% | 01/01/2036 | 170 | 169,635 | ||||||||||||
| Maricopa (County of), AZ Industrial Development Authority (Banner Health Obligated Group), Series 2016, Ref. RB |
5.00% | 01/01/2027 | 30 | 30,904 | ||||||||||||
| Maricopa (County of), AZ Industrial Development Authority (Banner Health Obligated Group), Series 2016, Ref. RB |
5.00% | 01/01/2031 | 135 | 138,244 | ||||||||||||
| Maricopa (County of), AZ Industrial Development Authority (Banner Health Obligated Group), Series 2016, Ref. RB |
5.00% | 01/01/2034 | 115 | 117,319 | ||||||||||||
| Maricopa (County of), AZ Industrial Development Authority (Banner Health Obligated Group), Series 2016, Ref. RB |
5.00% | 01/01/2035 | 335 | 341,247 | ||||||||||||
| Maricopa (County of), AZ Industrial Development Authority (Banner Health Obligated Group), Series 2016, Ref. RB |
5.00% | 01/01/2038 | 15 | 15,198 | ||||||||||||
| Maricopa County Union High School District No. 210-Phoenix (2023), Series 2024 A, GO Bonds |
5.00% | 07/01/2027 | 130 | 135,870 | ||||||||||||
| Mesa (City of), AZ, Series 2017, Ref. RB |
4.00% | 07/01/2027 | 65 | 66,497 | ||||||||||||
| Phoenix (City of), AZ, Series 2016, Ref. GO Bonds |
5.00% | 07/01/2027 | 5 | 5,106 | ||||||||||||
| Phoenix (City of), AZ, Series 2022, Ref. GO Bonds |
5.00% | 07/01/2027 | 20 | 20,903 | ||||||||||||
| Phoenix Civic Improvement Corp., Series 2017 D, Ref. RB |
5.00% | 07/01/2032 | 210 | 216,473 | ||||||||||||
| Phoenix Civic Improvement Corp., Series 2017, Ref. RB |
5.00% | 07/01/2027 | 40 | 40,744 | ||||||||||||
| Phoenix Civic Improvement Corp., Series 2017, Ref. RB |
5.00% | 07/01/2027 | 125 | 130,335 | ||||||||||||
| Phoenix Civic Improvement Corp., Series 2017, Ref. RB |
5.00% | 07/01/2029 | 10 | 10,366 | ||||||||||||
| Phoenix Civic Improvement Corp., Series 2017, Ref. RB |
5.00% | 07/01/2030 | 5 | 5,169 | ||||||||||||
| Phoenix Civic Improvement Corp., Series 2017, Ref. RB |
5.00% | 07/01/2031 | 20 | 20,649 | ||||||||||||
| Phoenix Civic Improvement Corp., Series 2017, Ref. RB |
5.00% | 07/01/2033 | 5 | 5,136 | ||||||||||||
| Phoenix Civic Improvement Corp., Series 2017, Ref. RB |
5.00% | 07/01/2036 | 345 | 350,885 | ||||||||||||
| Phoenix Civic Improvement Corp., Series 2017, Ref. RB |
4.00% | 07/01/2040 | 20 | 19,433 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Arizona-(continued) |
||||||||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2016 A, Ref. RB |
5.00% | 01/01/2027 | $ | 330 | $ | 341,185 | ||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2016 A, Ref. RB |
5.00% | 01/01/2029 | 75 | 77,281 | ||||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2016 A, Ref. RB |
5.00% | 01/01/2030 | 20 | 20,593 | ||||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2016 A, Ref. RB |
5.00% | 01/01/2031 | 15 | 15,421 | ||||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2016 A, Ref. RB |
5.00% | 01/01/2033 | 15 | 15,372 | ||||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2016 A, Ref. RB |
5.00% | 01/01/2034 | 90 | 91,968 | ||||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2016 A, Ref. RB |
5.00% | 01/01/2036 | 140 | 142,607 | ||||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2016 A, Ref. RB |
4.00% | 01/01/2038 | 275 | 271,410 | ||||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2016 A, Ref. RB |
5.00% | 01/01/2038 | 45 | 45,644 | ||||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2017, Ref. RB |
5.00% | 01/01/2027 | 55 | 56,864 | ||||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2021 A, Ref. RB |
5.00% | 01/01/2027 | 125 | 129,237 | ||||||||||||
| University of Arizona Board of Regents, Series 2017 B, Ref. RB |
5.00% | 07/01/2042 | 145 | 146,478 | ||||||||||||
|
|
|
|||||||||||||||
| 4,427,000 | ||||||||||||||||
|
|
|
|||||||||||||||
| California-17.97% |
||||||||||||||||
| Adelanto Public Utility Authority (Utility System), Series 2017 A, Ref. RB, (INS - AGI)(c) |
5.00% | 07/01/2039 | 130 | 132,850 | ||||||||||||
| Anaheim (City of), CA Housing & Public Improvements Authority, Series 2022, Ref. RB |
5.00% | 10/01/2034 | 1,155 | 1,197,455 | ||||||||||||
| Anaheim (City of), CA Public Financing Authority (Anaheim Public Improvements), Series
2019 A, Ref. RB, (INS - |
5.00% | 09/01/2036 | 200 | 204,511 | ||||||||||||
| Bay Area Toll Authority (San Francisco Bay Area), Series 2017 F-1, RB(a)(b) |
5.00% | 04/01/2027 | 105 | 109,488 | ||||||||||||
| Bay Area Toll Authority (San Francisco Bay Area), Series 2017 F-1, RB |
4.00% | 04/01/2056 | 10 | 8,781 | ||||||||||||
| Bay Area Toll Authority (San Francisco Bay Area), Series 2017, Ref. RB |
5.00% | 04/01/2027 | 105 | 109,546 | ||||||||||||
| Bay Area Toll Authority (San Francisco Bay Area), Series 2017, Ref. RB |
4.00% | 04/01/2029 | 150 | 151,999 | ||||||||||||
| Bay Area Toll Authority (San Francisco Bay Area), Series 2017, Ref. RB |
4.00% | 04/01/2030 | 115 | 116,363 | ||||||||||||
| Bay Area Toll Authority (San Francisco Bay Area), Series 2017, Ref. RB |
4.00% | 04/01/2031 | 215 | 216,440 | ||||||||||||
| Bay Area Toll Authority (San Francisco Bay Area), Series 2017, Ref. RB |
4.00% | 04/01/2037 | 55 | 54,428 | ||||||||||||
| Bay Area Toll Authority (San Francisco Bay Area), Series 2017, Ref. RB |
4.00% | 04/01/2038 | 35 | 34,147 | ||||||||||||
| California (State of), Series 2003, GO Bonds, (INS - AMBAC)(c) |
5.00% | 02/01/2027 | 5 | 5,184 | ||||||||||||
| California (State of), Series 2016, Ref. GO Bonds |
5.00% | 09/01/2027 | 65 | 66,611 | ||||||||||||
| California (State of), Series 2017, GO Bonds |
5.00% | 11/01/2027 | 75 | 78,953 | ||||||||||||
| California (State of), Series 2017, GO Bonds |
5.00% | 08/01/2029 | 65 | 67,836 | ||||||||||||
| California (State of), Series 2017, GO Bonds |
5.00% | 11/01/2031 | 25 | 26,092 | ||||||||||||
| California (State of), Series 2017, GO Bonds |
5.00% | 08/01/2032 | 20 | 20,759 | ||||||||||||
| California (State of), Series 2017, GO Bonds |
4.00% | 11/01/2032 | 125 | 125,936 | ||||||||||||
| California (State of), Series 2017, GO Bonds |
5.00% | 11/01/2032 | 5 | 5,208 | ||||||||||||
| California (State of), Series 2017, GO Bonds |
5.00% | 11/01/2035 | 45 | 46,547 | ||||||||||||
| California (State of), Series 2017, GO Bonds |
5.00% | 11/01/2047 | 160 | 161,927 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
3.50% | 08/01/2027 | 185 | 187,530 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
4.00% | 08/01/2027 | 250 | 252,165 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
5.00% | 08/01/2027 | 75 | 76,740 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
5.00% | 08/01/2027 | 155 | 162,363 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
5.00% | 11/01/2027 | 805 | 847,428 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
5.00% | 08/01/2029 | 80 | 83,491 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
5.00% | 08/01/2029 | 10 | 10,436 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
5.00% | 11/01/2029 | 305 | 319,683 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
5.00% | 08/01/2030 | 605 | 629,708 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
5.00% | 08/01/2030 | 15 | 15,613 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
5.00% | 11/01/2030 | 90 | 94,061 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
5.00% | 11/01/2031 | 40 | 41,747 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
4.00% | 11/01/2032 | 150 | 151,123 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
5.00% | 08/01/2033 | 75 | 77,698 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
4.00% | 11/01/2033 | 70 | 70,293 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
4.00% | 11/01/2034 | 200 | 200,387 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
5.00% | 08/01/2035 | 475 | 489,969 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
4.00% | 11/01/2035 | 340 | 340,373 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
5.00% | 11/01/2035 | 25 | 25,860 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
5.00% | 08/01/2036 | 70 | 72,043 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
4.00% | 11/01/2036 | 50 | 49,759 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
5.00% | 11/01/2036 | 20 | 20,635 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
4.00% | 08/01/2037 | 160 | 157,475 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
4.00% | 11/01/2037 | 130 | 127,448 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| California-(continued) |
||||||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
5.00% | 11/01/2037 | $ | 60 | $ | 61,736 | ||||||||||
| California (State of), Series 2018, Ref. GO Bonds |
5.00% | 08/01/2027 | 585 | 612,790 | ||||||||||||
| California (State of), Series 2019, GO Bonds |
5.00% | 11/01/2027 | 115 | 121,061 | ||||||||||||
| California (State of), Series 2019, Ref. GO Bonds |
5.00% | 04/01/2027 | 425 | 441,849 | ||||||||||||
| California (State of), Series 2019, Ref. GO Bonds |
5.00% | 10/01/2027 | 205 | 215,449 | ||||||||||||
| California (State of), Series 2020 B, Ref. GO Bonds |
5.00% | 11/01/2027 | 275 | 289,494 | ||||||||||||
| California (State of), Series 2020, GO Bonds |
3.00% | 03/01/2027 | 370 | 370,939 | ||||||||||||
| California (State of), Series 2020, GO Bonds |
4.00% | 03/01/2027 | 5 | 5,108 | ||||||||||||
| California (State of), Series 2020, GO Bonds |
5.00% | 11/01/2027 | 75 | 78,953 | ||||||||||||
| California (State of), Series 2020, Ref. GO Bonds |
5.00% | 11/01/2027 | 35 | 36,845 | ||||||||||||
| California (State of), Series 2021 B, Ref. GO Bonds |
5.00% | 10/01/2027 | 5 | 5,255 | ||||||||||||
| California (State of), Series 2021, Ref. GO Bonds |
5.00% | 09/01/2027 | 250 | 262,309 | ||||||||||||
| California (State of), Series 2021, Ref. GO Bonds |
4.00% | 10/01/2027 | 505 | 519,069 | ||||||||||||
| California (State of), Series 2021, Ref. GO Bonds |
5.00% | 10/01/2027 | 315 | 331,055 | ||||||||||||
| California (State of), Series 2021, Ref. GO Bonds |
5.00% | 12/01/2027 | 1,010 | 1,064,989 | ||||||||||||
| California (State of), Series 2022 A, Ref. GO Bonds |
5.00% | 11/01/2027 | 5 | 5,264 | ||||||||||||
| California (State of), Series 2022, GO Bonds |
5.00% | 04/01/2027 | 115 | 119,559 | ||||||||||||
| California (State of), Series 2022, Ref. GO Bonds |
4.00% | 09/01/2027 | 180 | 184,847 | ||||||||||||
| California (State of), Series 2022, Ref. GO Bonds |
5.00% | 04/01/2042 | 140 | 142,228 | ||||||||||||
| California (State of), Series 2023 A, Ref. GO Bonds |
5.00% | 09/01/2027 | 25 | 26,231 | ||||||||||||
| California (State of), Series 2023, Ref. GO Bonds |
5.00% | 09/01/2027 | 70 | 73,446 | ||||||||||||
| California (State of), Series 2023, Ref. GO Bonds |
5.00% | 10/01/2027 | 20 | 21,019 | ||||||||||||
| California (State of), Series 2024, GO Bonds |
4.00% | 09/01/2027 | 5 | 5,135 | ||||||||||||
| California (State of), Series 2024, GO Bonds |
5.00% | 09/01/2027 | 5 | 5,246 | ||||||||||||
| California (State of), Series 2024, Ref. GO Bonds |
5.00% | 08/01/2027 | 40 | 41,900 | ||||||||||||
| California (State of), Series 2024, Ref. GO Bonds |
5.00% | 08/01/2027 | 75 | 78,563 | ||||||||||||
| California (State of), Series 2024, Ref. GO Bonds |
5.00% | 09/01/2027 | 15 | 15,739 | ||||||||||||
| California (State of) (Bid Group C), Series 2016, Ref. GO Bonds |
5.00% | 08/01/2027 | 235 | 240,451 | ||||||||||||
| California (State of) Department of Water Resources, Series 2017 AX, Ref. RB |
5.00% | 12/01/2027 | 20 | 21,193 | ||||||||||||
| California (State of) Department of Water Resources, Series 2017 AX, Ref. RB |
5.00% | 12/01/2031 | 55 | 57,602 | ||||||||||||
| California (State of) Department of Water Resources, Series 2019 BA, RB |
5.00% | 12/01/2027 | 5 | 5,298 | ||||||||||||
| California (State of) Department of Water Resources, Series 2025, RB |
5.00% | 12/01/2027 | 35 | 37,088 | ||||||||||||
| California (State of) Department of Water Resources (Central Valley), Series 2017 AX, Ref. RB(a)(b) |
5.00% | 12/01/2027 | 95 | 100,408 | ||||||||||||
| California (State of) Department of Water Resources (Central Valley), Series 2017 AX, Ref. RB |
5.00% | 12/01/2030 | 210 | 220,470 | ||||||||||||
| California (State of) Department of Water Resources (Central Valley), Series 2017 AX, Ref. RB |
5.00% | 12/01/2032 | 105 | 109,772 | ||||||||||||
| California (State of) Department of Water Resources (Central Valley), Series 2021, RB |
5.00% | 12/01/2027 | 140 | 148,353 | ||||||||||||
| California (State of) Educational Facilities Authority (Loma Linda University), Series 2017 A, Ref. RB |
5.00% | 04/01/2042 | 250 | 249,067 | ||||||||||||
| California (State of) Enterprise Development Authority (Riverside County-Mead Valley Wellness Village), Series 2024, RB |
5.25% | 11/01/2049 | 185 | 187,267 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Children’s Hospital Los Angeles), Series 2017 A, Ref. RB |
5.00% | 08/15/2042 | 60 | 58,559 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Children’s Hospital Los Angeles), Series 2017 A, Ref. RB |
5.00% | 08/15/2047 | 620 | 596,125 | ||||||||||||
| California (State of) Health Facilities Financing Authority (El Camino Hospital), Series 2017, RB |
4.00% | 02/01/2042 | 360 | 348,096 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Kaiser Permanente), Subseries 2017 A-1, RB |
5.00% | 11/01/2027 | 790 | 830,502 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Stanford Health Care), Series 2017 A, Ref. RB |
5.00% | 11/15/2027 | 15 | 15,828 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Stanford Health Care), Series 2017 A, Ref. RB |
5.00% | 11/15/2029 | 265 | 277,626 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Stanford Health Care), Series 2017 A, Ref. RB |
5.00% | 11/15/2030 | 60 | 62,715 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Stanford Health Care), Series 2017 A, Ref. RB |
5.00% | 11/15/2031 | 225 | 234,612 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Stanford Health Care), Series 2017 A, Ref. RB |
5.00% | 11/15/2032 | 40 | 41,617 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Stanford Health Care), Series 2017 A, Ref. RB |
5.00% | 11/15/2033 | 85 | 88,225 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Stanford Health Care), Series 2017 A, Ref. RB |
5.00% | 11/15/2034 | 20 | 20,705 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| California-(continued) |
||||||||||||||||
| California (State of) Health Facilities Financing Authority (Stanford Health Care), Series 2017 A, Ref. RB |
5.00% | 11/15/2035 | $ | 10 | $ | 10,321 | ||||||||||
| California (State of) Health Facilities Financing Authority (Stanford Health Care), Series 2017 A, Ref. RB |
5.00% | 11/15/2036 | 75 | 77,146 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Stanford Health Care), Series 2017 A, Ref. RB |
5.00% | 11/15/2037 | 5 | 5,121 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Stanford Health Care), Series 2017 A, Ref. RB |
4.00% | 11/15/2040 | 165 | 157,732 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Sutter Health), Series 2017 A, Ref. RB |
5.00% | 11/15/2032 | 80 | 83,254 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Sutter Health), Series 2017 A, Ref. RB |
5.00% | 11/15/2033 | 75 | 77,792 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Sutter Health), Series 2017 A, Ref. RB |
5.00% | 11/15/2034 | 165 | 170,579 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Sutter Health), Series 2017 A, Ref. RB |
5.00% | 11/15/2036 | 20 | 20,549 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Sutter Health), Series 2017 A, Ref. RB |
5.00% | 11/15/2038 | 265 | 270,148 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Sutter Health), Series 2017 A, Ref. RB |
5.00% | 11/15/2048 | 200 | 199,386 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Sutter Health), Series 2018 A, RB |
5.00% | 11/15/2032 | 80 | 83,254 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Sutter Health), Series 2018 A, RB |
5.00% | 11/15/2033 | 130 | 134,840 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Sutter Health), Series 2018 A, RB |
5.00% | 11/15/2034 | 225 | 232,608 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Sutter Health), Series 2018 A, RB |
5.00% | 11/15/2035 | 195 | 200,981 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Sutter Health), Series 2018 A, RB |
5.00% | 11/15/2036 | 180 | 184,938 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Sutter Health), Series 2018 A, RB |
5.00% | 11/15/2048 | 615 | 613,112 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (Clean Water Revolving Fund) (Green Bonds), Series 2017, RB |
5.00% | 10/01/2027 | 70 | 73,132 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (Clean Water Revolving Fund) (Green Bonds), Series 2017, RB |
5.00% | 10/01/2028 | 10 | 10,425 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (Clean Water Revolving Fund) (Green Bonds), Series 2017, RB |
5.00% | 10/01/2029 | 70 | 72,849 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (Clean Water Revolving Fund) (Green Bonds), Series 2017, RB |
5.00% | 10/01/2030 | 45 | 46,729 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (Clean Water Revolving Fund) (Green Bonds), Series 2017, RB |
5.00% | 10/01/2031 | 75 | 77,698 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (Clean Water Revolving Fund) (Green Bonds), Series 2018, RB |
5.00% | 10/01/2027 | 375 | 396,204 | ||||||||||||
| California (State of) Municipal Finance Authority (Community Medical Centers), Series 2017 A, Ref. RB |
5.00% | 02/01/2036 | 25 | 25,087 | ||||||||||||
| California (State of) Municipal Finance Authority (Community Medical Centers), Series 2017 A, Ref. RB |
5.00% | 02/01/2047 | 450 | 444,245 | ||||||||||||
| California (State of) Municipal Finance Authority (Eisenhower Medical Centers), Series 2017 A, Ref. RB |
5.00% | 07/01/2042 | 150 | 147,416 | ||||||||||||
| California (State of) Municipal Finance Authority (Eisenhower Medical Centers), Series 2017 A, Ref. RB |
5.00% | 07/01/2047 | 45 | 43,730 | ||||||||||||
| California (State of) Municipal Finance Authority (NCROC-Paradise Valley Estates), Series 2019, RB, (INS - Cal-Mortgage)(c) |
5.00% | 01/01/2043 | 110 | 111,890 | ||||||||||||
| California (State of) Municipal Finance Authority (Orange County Civic Center Infrastructure Improvement Program - Phase I), Series 2017 A, RB |
5.00% | 06/01/2042 | 45 | 45,210 | ||||||||||||
| California (State of) Municipal Finance Authority (University of La Verne), Series 2017 A, Ref. RB |
5.00% | 06/01/2043 | 25 | 24,553 | ||||||||||||
| California (State of) Public Works Board, Series 2017 B, Ref. RB |
5.00% | 10/01/2027 | 35 | 36,711 | ||||||||||||
| California (State of) Public Works Board, Series 2022 B, Ref. RB |
5.00% | 06/01/2027 | 500 | 521,131 | ||||||||||||
| California (State of) Public Works Board, Series 2022 C, Ref. RB |
5.00% | 08/01/2027 | 25 | 26,139 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2016 C, Ref. RB |
5.00% | 11/01/2027 | 40 | 41,090 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2017 B, Ref. RB(a)(b) |
5.00% | 10/01/2027 | 15 | 15,799 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2017 B, Ref. RB |
5.00% | 10/01/2029 | 340 | 354,296 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2019 C, RB |
5.00% | 11/01/2027 | 25 | 26,264 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2022 A, Ref. RB |
5.00% | 08/01/2027 | 5 | 5,228 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2023 B, Ref. RB |
5.00% | 12/01/2027 | 5 | 5,261 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2024, Ref. RB |
5.00% | 09/01/2027 | 25 | 26,181 | ||||||||||||
| California State University, Series 2017 A, Ref. RB |
5.00% | 11/01/2027 | 10 | 10,466 | ||||||||||||
| California State University, Series 2017 A, Ref. RB |
5.00% | 11/01/2028 | 165 | 172,260 | ||||||||||||
| California State University, Series 2017 A, Ref. RB |
5.00% | 11/01/2029 | 70 | 72,810 | ||||||||||||
| California State University, Series 2017 A, Ref. RB |
5.00% | 11/01/2030 | 45 | 46,758 | ||||||||||||
| California State University, Series 2017 A, Ref. RB |
5.00% | 11/01/2031 | 450 | 467,057 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| California-(continued) |
||||||||||||||||
| California State University, Series 2017 A, Ref. RB |
5.00% | 11/01/2032 | $ | 160 | $ | 165,748 | ||||||||||
| California State University, Series 2017 A, Ref. RB |
5.00% | 11/01/2033 | 80 | 82,642 | ||||||||||||
| California State University, Series 2017 A, Ref. RB |
5.00% | 11/01/2035 | 75 | 77,048 | ||||||||||||
| California State University, Series 2017 A, Ref. RB |
5.00% | 11/01/2036 | 65 | 66,578 | ||||||||||||
| California State University, Series 2017 A, Ref. RB |
5.00% | 11/01/2037 | 95 | 97,163 | ||||||||||||
| California State University, Series 2017 A, Ref. RB |
5.00% | 11/01/2038 | 55 | 56,119 | ||||||||||||
| California State University, Series 2017 A, Ref. RB |
5.00% | 11/01/2042 | 185 | 188,259 | ||||||||||||
| Ceres Unified School District, Series 2017, GO Bonds, (INS - BAM)(c) |
5.00% | 08/01/2051 | 270 | 271,201 | ||||||||||||
| Cerritos Community College District (Election of 2012), Series 2018 B, GO Bonds |
4.00% | 08/01/2043 | 55 | 51,567 | ||||||||||||
| Chabot-Las Positas Community College District, Series 2023 C, GO Bonds |
5.00% | 08/01/2027 | 130 | 136,933 | ||||||||||||
| Coast Community College District (Election of 2012), Series 2017 D, GO Bonds(a)(b) |
4.50% | 08/01/2027 | 35 | 36,447 | ||||||||||||
| Coast Community College District (Election of 2012), Series 2017 D, GO Bonds(a)(b) |
5.00% | 08/01/2027 | 45 | 47,332 | ||||||||||||
| Coast Community College District (Election of 2012), Series 2017 D, GO Bonds(a)(b) |
5.00% | 08/01/2027 | 35 | 36,814 | ||||||||||||
| Coast Community College District (Election of 2012), Series 2017 D, GO Bonds(a)(b) |
5.00% | 08/01/2027 | 60 | 63,109 | ||||||||||||
| Coast Community College District (Election of 2012), Series 2017 D, GO Bonds(a)(b) |
5.00% | 08/01/2027 | 30 | 31,555 | ||||||||||||
| Coast Community College District (Election of 2012), Series 2017 D, GO Bonds |
4.00% | 08/01/2042 | 100 | 93,272 | ||||||||||||
| Compton Unified School District, Series 2019 B, GO Bonds, (INS - BAM)(c) |
4.00% | 06/01/2049 | 145 | 131,749 | ||||||||||||
| Contra Costa (County of), CA Transportation Authority, Series 2018 B, Ref. RB |
5.00% | 03/01/2029 | 100 | 103,809 | ||||||||||||
| Contra Costa (County of), CA Transportation Authority, Series 2018 B, Ref. RB |
5.00% | 03/01/2030 | 45 | 46,630 | ||||||||||||
| Desert Community College District, Series 2017, Ref. GO Bonds |
5.00% | 08/01/2033 | 60 | 62,210 | ||||||||||||
| Desert Community College District, Series 2017, Ref. GO Bonds |
4.00% | 08/01/2039 | 25 | 24,470 | ||||||||||||
| Desert Community College District (Election of 2016), Series 2021 A-1, GO Bonds |
4.00% | 08/01/2051 | 125 | 113,555 | ||||||||||||
| East Bay Municipal Utility District, Series 2017 B, Ref. RB |
5.00% | 06/01/2031 | 40 | 41,686 | ||||||||||||
| East Bay Municipal Utility District, Series 2017 B, Ref. RB |
5.00% | 06/01/2032 | 55 | 57,201 | ||||||||||||
| East Bay Municipal Utility District, Series 2017 B, Ref. RB |
5.00% | 06/01/2033 | 55 | 57,110 | ||||||||||||
| East Bay Municipal Utility District, Series 2017 B, Ref. RB |
5.00% | 06/01/2034 | 150 | 155,477 | ||||||||||||
| East Bay Municipal Utility District, Series 2017 B, Ref. RB |
5.00% | 06/01/2035 | 90 | 93,101 | ||||||||||||
| East Bay Municipal Utility District, Series 2017 B, Ref. RB |
5.00% | 06/01/2036 | 5 | 5,161 | ||||||||||||
| East Bay Municipal Utility District (Green Bonds), Series 2017 A, RB |
5.00% | 06/01/2045 | 5 | 5,076 | ||||||||||||
| Eastern Municipal Water District Financing Authority, Series 2017 D, RB |
5.00% | 07/01/2047 | 200 | 201,967 | ||||||||||||
| El Monte Union High School District, Series 2021 B, GO Bonds |
4.00% | 06/01/2046 | 110 | 101,074 | ||||||||||||
| Escondido Union School District (Election of 2014), Series 2018 B, GO Bonds |
4.00% | 08/01/2047 | 20 | 18,169 | ||||||||||||
| Etiwanda School District (Election of 2016), Series 2017 A, GO Bonds |
5.00% | 08/01/2046 | 180 | 182,570 | ||||||||||||
| Fairfield (City of), CA, Series 2017, Ref. RB |
5.00% | 04/01/2042 | 85 | 86,267 | ||||||||||||
| Fontana Redevelopment Agency Successor Agency, Series 2017 A, Ref. RB |
5.00% | 10/01/2032 | 70 | 72,777 | ||||||||||||
| Gilroy Unified School District (Elections of 2008 & 2016), Series 2019, GO Bonds |
4.00% | 08/01/2048 | 15 | 13,434 | ||||||||||||
| Glendale Community College District (Election of 2016), Series 2017 A, GO Bonds(a)(b) |
5.25% | 08/01/2027 | 65 | 68,708 | ||||||||||||
| Hacienda La Puente Unified School District (Election of 2016), Series 2017 A, GO Bonds |
5.25% | 08/01/2042 | 100 | 102,765 | ||||||||||||
| Hartnell Community College District (Election of 2002), Series 2009 D, GO Bonds |
7.00% | 08/01/2034 | 60 | 64,900 | ||||||||||||
| Hartnell Community College District (Election of 2016), Series 2017 A, GO Bonds |
4.00% | 08/01/2042 | 25 | 23,318 | ||||||||||||
| Hartnell Community College District (Election of 2016), Series 2017 A, GO Bonds |
4.00% | 08/01/2047 | 100 | 91,735 | ||||||||||||
| Hayward Area Recreation & Park District, Series 2017 A, Ref. GO Bonds |
5.00% | 08/01/2042 | 5 | 5,106 | ||||||||||||
| Hayward Area Recreation & Park District (Election of 2016), Series 2017 A, Ref. GO Bonds |
4.00% | 08/01/2046 | 150 | 137,640 | ||||||||||||
| Hayward Unified School District, Series 2022, COP |
5.25% | 08/01/2052 | 150 | 151,426 | ||||||||||||
| Imperial Irrigation District, Series 2017, Ref. RB |
4.00% | 11/01/2041 | 50 | 47,389 | ||||||||||||
| Jurupa Unified School District, Series 2017 B, GO Bonds |
4.00% | 08/01/2041 | 55 | 51,278 | ||||||||||||
| Long Beach (City of), CA, Series 2017 C, Ref. RB |
5.00% | 05/15/2047 | 105 | 105,860 | ||||||||||||
| Long Beach (City of), CA (Green Bonds), Series 2025, Ref. RB |
5.00% | 05/15/2027 | 5 | 5,212 | ||||||||||||
| Los Angeles (City of), CA, Series 2018 B, Ref. RB |
5.00% | 06/01/2027 | 70 | 72,986 | ||||||||||||
| Los Angeles (City of), CA (Green Bonds), Series 2017 A, RB |
5.00% | 06/01/2030 | 100 | 103,818 | ||||||||||||
| Los Angeles (City of), CA (Green Bonds), Series 2017 A, RB |
5.00% | 06/01/2031 | 10 | 10,358 | ||||||||||||
| Los Angeles (City of), CA (Green Bonds), Series 2017 A, RB |
5.00% | 06/01/2032 | 65 | 67,154 | ||||||||||||
| Los Angeles (City of), CA Department of Airports, Series 2020 B, Ref. RB |
5.00% | 05/15/2027 | 110 | 114,668 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2017 A, RB |
5.00% | 07/01/2033 | 500 | 508,070 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2017 A, RB |
5.00% | 07/01/2034 | 40 | 40,563 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2017 A, RB |
5.00% | 07/01/2042 | 350 | 350,235 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2017 A, RB |
5.00% | 07/01/2047 | 200 | 197,193 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2017 A, Ref. RB |
5.00% | 07/01/2037 | 35 | 35,309 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2017 A, Ref. RB |
5.00% | 07/01/2044 | 300 | 299,614 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2017 A, Ref. RB |
5.25% | 07/01/2044 | 150 | 150,579 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| California-(continued) |
||||||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2017 B, Ref. RB |
5.00% | 07/01/2028 | $ | 85 | $ | 86,921 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2017 B, Ref. RB |
5.00% | 07/01/2031 | 75 | 76,399 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2017 B, Ref. RB |
5.00% | 07/01/2032 | 80 | 81,394 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2017 B, Ref. RB |
5.00% | 07/01/2033 | 380 | 386,133 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2017 B, Ref. RB |
5.00% | 07/01/2034 | 25 | 25,352 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2017 B, Ref. RB |
5.00% | 07/01/2035 | 10 | 10,123 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2017 B, Ref. RB |
5.00% | 07/01/2036 | 5 | 5,053 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2018 A, Ref. RB |
5.00% | 07/01/2027 | 185 | 190,738 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2020 A, Ref. RB |
5.00% | 07/01/2027 | 150 | 154,653 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2020 B, Ref. RB |
4.00% | 07/01/2027 | 85 | 85,944 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2022 E, RB |
5.00% | 07/01/2027 | 45 | 46,396 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2023 A, Ref. RB |
5.00% | 07/01/2027 | 130 | 134,032 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2023 A, Ref. RB |
5.00% | 07/01/2027 | 5 | 5,155 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2024 A, Ref. RB |
5.00% | 07/01/2027 | 40 | 41,241 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2024 C, Ref. RB |
5.00% | 07/01/2027 | 35 | 36,086 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2017 A, RB |
5.00% | 07/01/2029 | 30 | 31,398 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2017 A, RB |
5.00% | 07/01/2030 | 85 | 88,701 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2017 A, RB |
5.00% | 07/01/2031 | 10 | 10,400 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2017 A, RB |
5.00% | 07/01/2036 | 10 | 10,287 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2017 A, RB |
5.00% | 07/01/2038 | 260 | 265,747 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2017 A, RB |
5.00% | 07/01/2042 | 500 | 507,289 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2021 A, RB |
5.00% | 06/01/2027 | 175 | 183,335 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2017 A, RB |
5.00% | 07/01/2027 | 30 | 31,485 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2017 A, RB |
5.00% | 07/01/2029 | 95 | 99,428 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2017 A, RB |
5.00% | 07/01/2030 | 70 | 73,048 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2017 A, RB |
5.00% | 07/01/2031 | 25 | 26,000 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2017 A, RB |
5.00% | 07/01/2032 | 10 | 10,381 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2017 A, RB |
5.00% | 07/01/2033 | 30 | 31,081 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2017 A, RB |
5.00% | 07/01/2034 | 45 | 46,507 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2017 A, RB |
5.00% | 07/01/2036 | 30 | 30,861 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2017 A, RB |
5.00% | 07/01/2038 | 90 | 91,989 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2017 A, RB |
5.00% | 07/01/2039 | 70 | 71,422 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2017 A, RB |
5.00% | 07/01/2040 | 125 | 127,281 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2017 A, RB |
5.00% | 07/01/2042 | 90 | 91,312 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2019 A, RB |
5.00% | 07/01/2027 | 50 | 52,475 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2020 A, RB |
5.00% | 06/01/2027 | 300 | 313,631 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2020, RB |
5.00% | 06/01/2033 | 60 | 61,948 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2020, RB |
5.00% | 06/01/2034 | 30 | 30,913 | ||||||||||||
| Los Angeles Community College District, Series 2024, GO Bonds |
5.00% | 08/01/2027 | 390 | 409,956 | ||||||||||||
| Los Angeles Community College District (Election of 2016), Series 2023 D, GO Bonds |
5.00% | 08/01/2027 | 135 | 141,908 | ||||||||||||
| Los Angeles Community College District (Election of 2016), Series 2024 E, GO Bonds |
5.00% | 08/01/2027 | 20 | 21,023 | ||||||||||||
| Los Angeles Community College District (Election of 2022), Series 2023 A-1, GO Bonds |
5.00% | 08/01/2027 | 20 | 21,023 | ||||||||||||
| Los Angeles Unified School District, Series 2016 B, Ref. GO Bonds |
5.00% | 07/01/2027 | 255 | 260,785 | ||||||||||||
| Los Angeles Unified School District, Series 2017 A, Ref. GO Bonds |
5.00% | 07/01/2027 | 270 | 282,248 | ||||||||||||
| Los Angeles Unified School District, Series 2019 A, Ref. GO Bonds |
5.00% | 07/01/2027 | 210 | 219,526 | ||||||||||||
| Los Angeles Unified School District, Series 2020 A, Ref. GO Bonds |
5.00% | 07/01/2027 | 220 | 229,980 | ||||||||||||
| Los Angeles Unified School District, Series 2020 C, GO Bonds |
5.00% | 07/01/2027 | 25 | 26,134 | ||||||||||||
| Los Angeles Unified School District, Series 2020 RYQ, GO Bonds |
5.00% | 07/01/2027 | 30 | 31,361 | ||||||||||||
| Los Angeles Unified School District, Series 2024 A, Ref. GO Bonds |
5.00% | 07/01/2027 | 5 | 5,227 | ||||||||||||
| Los Angeles Unified School District (Election of 2008), Series 2018 B-1, GO Bonds |
5.00% | 07/01/2027 | 55 | 57,495 | ||||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2023, COP(a) |
5.00% | 10/01/2027 | 15 | 15,765 | ||||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2023, COP |
5.00% | 10/01/2027 | 15 | 15,754 | ||||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2023, GO Bonds |
5.00% | 07/01/2027 | 35 | 36,588 | ||||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2024 QRR, GO Bonds |
5.00% | 07/01/2027 | 110 | 114,990 | ||||||||||||
| Los Rios Community College District, Series 2024 B, Ref. GO Bonds |
5.00% | 08/01/2027 | 10 | 10,522 | ||||||||||||
| Marin (County of), CA Healthcare District (Election of 2013), Series 2017 A, GO Bonds |
4.00% | 08/01/2047 | 45 | 40,274 | ||||||||||||
| Marin Community College District (Election of 2016), Series 2019 B, GO Bonds(a)(b) |
4.00% | 02/15/2027 | 10 | 10,237 | ||||||||||||
| Metropolitan Water District of Southern California, Series 2011 C, Ref. RB |
5.00% | 10/01/2027 | 90 | 95,089 | ||||||||||||
| Metropolitan Water District of Southern California, Series 2019 A, Ref. RB |
5.00% | 07/01/2027 | 160 | 168,354 | ||||||||||||
| Metropolitan Water District of Southern California, Series 2020 A, Ref. RB |
5.00% | 07/01/2027 | 75 | 78,916 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| California-(continued) |
||||||||||||||||
| Metropolitan Water District of Southern California, Series 2022 B, Ref. RB |
3.00% | 07/01/2027 | $ | 5 | $ | 5,020 | ||||||||||
| Municipal Improvement Corp. of Los Angeles (Real Property), Series 2016 B, Ref. RB |
5.00% | 11/01/2027 | 220 | 226,088 | ||||||||||||
| Oakland Unified School District, Series 2016, Ref. GO Bonds |
5.00% | 08/01/2027 | 110 | 112,479 | ||||||||||||
| Orange (County of), CA Sanitation District, Series 2017 A, Ref. RB |
5.00% | 02/01/2029 | 15 | 15,580 | ||||||||||||
| Orange (County of), CA Sanitation District, Series 2017 A, Ref. RB |
5.00% | 02/01/2030 | 50 | 51,825 | ||||||||||||
| Pittsburg Successor Agency Redevelopment Agency, Series 2016 A, Ref. RB, (INS - AGI)(c) |
5.00% | 09/01/2027 | 30 | 30,755 | ||||||||||||
| Regents of the University of California Medical Center, Series 2016 L, Ref. RB |
5.00% | 05/15/2027 | 50 | 50,907 | ||||||||||||
| Richmond (City of), CA, Series 2017 A, Ref. RB |
5.25% | 08/01/2047 | 150 | 153,353 | ||||||||||||
| Riverside (County of), CA Public Financing Authority (Desert Communities and Interstate 215 Corridor), Series 2017 A, Ref. RB, (INS - BAM)(c) |
4.00% | 10/01/2040 | 110 | 104,417 | ||||||||||||
| Riverside (County of), CA Redevelopment Successor Agency, Series 2017 A, Ref. RB, (INS - BAM)(c) |
4.00% | 10/01/2039 | 60 | 58,021 | ||||||||||||
| Riverside (County of), CA Transportation Commission, Series 2017 B, Ref. RB |
5.00% | 06/01/2027 | 40 | 41,865 | ||||||||||||
| Riverside (County of), CA Transportation Commission, Series 2017 B, Ref. RB |
5.00% | 06/01/2029 | 25 | 26,297 | ||||||||||||
| Riverside (County of), CA Transportation Commission, Series 2017 B, Ref. RB |
5.00% | 06/01/2030 | 105 | 110,157 | ||||||||||||
| Riverside (County of), CA Transportation Commission, Series 2017 B, Ref. RB |
5.00% | 06/01/2031 | 85 | 89,051 | ||||||||||||
| Riverside (County of), CA Transportation Commission, Series 2017 B, Ref. RB |
5.00% | 06/01/2032 | 155 | 162,090 | ||||||||||||
| Riverside (County of), CA Transportation Commission, Series 2017 B, Ref. RB |
5.00% | 06/01/2033 | 75 | 78,258 | ||||||||||||
| Riverside (County of), CA Transportation Commission, Series 2017 B, Ref. RB |
5.00% | 06/01/2035 | 10 | 10,396 | ||||||||||||
| Riverside (County of), CA Transportation Commission, Series 2017 B, Ref. RB |
5.00% | 06/01/2037 | 45 | 46,611 | ||||||||||||
| Riverside (County of), CA Transportation Commission, Series 2017 B, Ref. RB |
5.00% | 06/01/2038 | 200 | 206,615 | ||||||||||||
| Roseville (City of), CA, Series 2017 A, Ref. RB |
4.00% | 02/01/2037 | 75 | 74,706 | ||||||||||||
| Roseville Joint Union High School District (Election of 2016), Series 2017 A, GO Bonds |
4.00% | 08/01/2045 | 50 | 46,125 | ||||||||||||
| Sacramento (City of), CA Municipal Utility District, Series 2016 D, Ref. RB |
5.00% | 08/15/2027 | 85 | 89,442 | ||||||||||||
| Sacramento (City of), CA Municipal Utility District, Series 2016 I, Ref. RB |
5.00% | 08/15/2027 | 5 | 5,261 | ||||||||||||
| Sacramento (City of), CA Municipal Utility District, Series 2017 E, Ref. RB |
5.00% | 08/15/2027 | 5 | 5,261 | ||||||||||||
| Sacramento (City of), CA Municipal Utility District, Series 2018 D, Ref. RB |
5.00% | 08/15/2027 | 40 | 42,090 | ||||||||||||
| Sacramento (County of), CA Sanitation Districts Financing Authority, Series 2020 A, Ref. RB |
5.00% | 12/01/2027 | 115 | 121,976 | ||||||||||||
| Sacramento (County of), CA Sanitation Districts Financing Authority, Series 2021, Ref. RB |
5.00% | 12/01/2027 | 20 | 21,213 | ||||||||||||
| San Bernardino (City of), CA, Series 2019 A, Ref. COP |
5.00% | 10/01/2027 | 25 | 26,344 | ||||||||||||
| San Bernardino City Unified School District (Election of 2012), Series 2017 D, GO Bonds, (INS - AGI)(c) |
4.00% | 08/01/2042 | 5 | 4,661 | ||||||||||||
| San Bernardino Community College District, Series 2017 B, Ref. GO Bonds |
4.00% | 08/01/2034 | 70 | 70,130 | ||||||||||||
| San Bernardino Community College District (Election of 2018), Series 2019 A, GO Bonds(a)(b) |
4.00% | 08/16/2027 | 80 | 82,523 | ||||||||||||
| San Diego (City of), CA Public Facilities Financing Authority, Series 2016 A, Ref. RB |
5.00% | 05/15/2027 | 45 | 45,983 | ||||||||||||
| San Diego (City of), CA Public Facilities Financing Authority, Series 2016 B, Ref. RB |
5.00% | 08/01/2027 | 40 | 40,780 | ||||||||||||
| San Diego (County of), CA Regional Airport Authority, Series 2017 A, Ref. RB |
5.00% | 07/01/2042 | 200 | 201,948 | ||||||||||||
| San Diego Community College District (Election of 2002), Series 2009, GO Bonds(a)(b) |
6.00% | 08/01/2027 | 10 | 10,714 | ||||||||||||
| San Diego Unified School District, Series 2023, GO Bonds |
5.00% | 07/01/2027 | 5 | 5,232 | ||||||||||||
| San Diego Unified School District (Election of 1998), Series 2005 E-2, Ref. GO Bonds, (INS - AGI)(c) |
5.50% | 07/01/2027 | 80 | 84,599 | ||||||||||||
| San Francisco (City & County of), CA, Series 2022-R1, Ref. GO Bonds |
5.00% | 06/15/2027 | 5 | 5,243 | ||||||||||||
| San Francisco (City & County of), CA, Series 2024, Ref. GO Bonds |
5.00% | 06/15/2027 | 15 | 15,728 | ||||||||||||
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Second Series 2022 B, Ref. RB |
5.00% | 05/01/2027 | 40 | 41,662 | ||||||||||||
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2017 B, RB |
5.00% | 05/01/2047 | 500 | 502,636 | ||||||||||||
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2019, Ref. RB |
5.00% | 05/01/2027 | 65 | 67,700 | ||||||||||||
| San Francisco (City & County of), CA Public Utilities Commission, Series 2016, Ref. RB |
5.00% | 11/01/2027 | 100 | 103,048 | ||||||||||||
| San Francisco (City & County of), CA Public Utilities Commission (Green Bonds), Series 2017 D, Ref. RB |
5.00% | 11/01/2027 | 65 | 68,707 | ||||||||||||
| San Francisco (City & County of), CA Public Utilities Commission (Green Bonds), Series 2017 D, Ref. RB |
5.00% | 11/01/2029 | 200 | 209,772 | ||||||||||||
| San Francisco (City & County of), CA Public Utilities Commission (Green Bonds), Series 2023 A, RB |
5.00% | 10/01/2027 | 10 | 10,551 | ||||||||||||
| San Francisco (City of), CA Municipal Transportation Agency, Series 2017, RB |
4.00% | 03/01/2046 | 155 | 140,474 | ||||||||||||
| San Francisco (City of), CA Public Utilities Commission (Green Bonds), Series 2017 D, Ref. RB |
5.00% | 11/01/2034 | 5 | 5,197 | ||||||||||||
| San Francisco (County of), CA Transportation Authority, Series 2017, RB |
4.00% | 02/01/2029 | 140 | 143,094 | ||||||||||||
| San Francisco Bay Area Rapid Transit District, Series 2019 A, RB |
4.00% | 07/01/2035 | 35 | 35,010 | ||||||||||||
| San Francisco Bay Area Rapid Transit District, Series 2019 A, RB |
4.00% | 07/01/2036 | 1,000 | 992,528 | ||||||||||||
| San Francisco Bay Area Rapid Transit District (Election of 2004) (Green Bonds), Series 2017, Ref. GO Bonds |
4.00% | 08/01/2037 | 500 | 500,017 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| California-(continued) |
||||||||||||||||
| San Francisco Bay Area Rapid Transit District (Election of 2016) (Green Bonds), Series 2017 A, GO Bonds |
5.00% | 08/01/2047 | $ | 90 | $ | 90,183 | ||||||||||
| San Jose (City of), CA, Series 2017 B, Ref. RB |
5.00% | 03/01/2042 | 40 | 40,295 | ||||||||||||
| San Jose (City of), CA, Series 2017 B, Ref. RB |
5.00% | 03/01/2047 | 195 | 195,806 | ||||||||||||
| San Jose (City of), CA Redevelopment Agency Successor Agency, Series 2017 A, Ref. RB |
5.00% | 08/01/2034 | 90 | 93,240 | ||||||||||||
| San Jose (City of), CA Redevelopment Agency Successor Agency, Series 2017 A, Ref. RB |
5.00% | 08/01/2035 | 205 | 211,886 | ||||||||||||
| San Jose (City of), CA Redevelopment Agency Successor Agency, Series 2017 B, Ref. RB |
5.00% | 08/01/2027 | 60 | 62,786 | ||||||||||||
| San Jose Unified School District (Election of 2012), Series 2018 E, GO Bonds |
4.00% | 08/01/2042 | 100 | 94,196 | ||||||||||||
| Santa Ana College Improvement District #1 Rancho Santiago Community College District (Election of 2012), Series 2017 B, GO Bonds |
4.00% | 08/01/2041 | 50 | 46,616 | ||||||||||||
| Santa Barbara Unified School District, Series 2017 A, GO Bonds |
4.00% | 08/01/2041 | 100 | 94,818 | ||||||||||||
| Santa Clara (County of), CA, Series 2017 C, Ref. GO Bonds |
5.00% | 08/01/2031 | 335 | 349,715 | ||||||||||||
| Santa Clara (County of), CA, Series 2017 C, Ref. GO Bonds |
5.00% | 08/01/2033 | 10 | 10,396 | ||||||||||||
| Santa Clara (County of), CA (Election of 2008), Series 2022 D, GO Bonds |
5.00% | 08/01/2027 | 20 | 21,054 | ||||||||||||
| Santa Clara Valley Transportation Authority, Series 2023 A, Ref. RB |
5.00% | 04/01/2027 | 500 | 521,830 | ||||||||||||
| Santa Monica (City of), CA Public Financing Authority (Green Bonds), Series 2017, RB |
4.00% | 07/01/2047 | 20 | 18,380 | ||||||||||||
| Solano County Community College District (Election of 2012), Series 2017 C, GO Bonds(a)(b) |
5.25% | 08/15/2027 | 90 | 94,764 | ||||||||||||
| Solano County Community College District (Election of 2012), Series 2017 C, GO Bonds |
4.00% | 08/01/2046 | 155 | 142,596 | ||||||||||||
| Southern California Public Power Authority (Green Bonds), Series 2023, Ref. RB |
5.00% | 07/01/2027 | 20 | 20,637 | ||||||||||||
| Southwestern Community College District (Election of 2016), Series 2017 A, GO Bonds |
4.00% | 08/01/2047 | 65 | 59,628 | ||||||||||||
| Tuolumne (City of), CA Wind Project Authority (Tuolumne Wind Project), Series 2016 A, Ref. RB(a) |
5.00% | 01/01/2027 | 50 | 51,726 | ||||||||||||
| Turlock (City of), CA Irrigation District, Series 2016, Ref. RB |
5.00% | 01/01/2041 | 5 | 5,082 | ||||||||||||
| Turlock (City of), CA Irrigation District, Series 2016, Ref. RB |
5.00% | 01/01/2046 | 130 | 131,709 | ||||||||||||
| University of California, Series 2017 AV, RB |
5.00% | 05/15/2034 | 5 | 5,143 | ||||||||||||
| University of California, Series 2017 AV, RB |
5.00% | 05/15/2036 | 115 | 117,812 | ||||||||||||
| University of California, Series 2017 AV, RB |
5.00% | 05/15/2042 | 425 | 431,680 | ||||||||||||
| University of California, Series 2017 AV, RB |
5.25% | 05/15/2042 | 600 | 612,781 | ||||||||||||
| University of California, Series 2017 AY, Ref. RB |
5.00% | 05/15/2027 | 35 | 36,519 | ||||||||||||
| University of California, Series 2017 AY, Ref. RB |
5.00% | 05/15/2029 | 55 | 57,081 | ||||||||||||
| University of California, Series 2017 AY, Ref. RB |
5.00% | 05/15/2030 | 175 | 181,241 | ||||||||||||
| University of California, Series 2017 AY, Ref. RB |
5.00% | 05/15/2031 | 85 | 87,950 | ||||||||||||
| University of California, Series 2017 AY, Ref. RB |
5.00% | 05/15/2032 | 35 | 36,150 | ||||||||||||
| University of California, Series 2017 AY, Ref. RB |
4.00% | 05/15/2033 | 220 | 220,600 | ||||||||||||
| University of California, Series 2017 AY, Ref. RB |
4.00% | 05/15/2034 | 45 | 45,078 | ||||||||||||
| University of California, Series 2017 AY, Ref. RB |
4.00% | 05/15/2035 | 50 | 49,997 | ||||||||||||
| University of California, Series 2017 AY, Ref. RB |
5.00% | 05/15/2036 | 30 | 30,733 | ||||||||||||
| University of California, Series 2017 AY, Ref. RB |
5.00% | 05/15/2037 | 15 | 15,339 | ||||||||||||
| University of California, Series 2018 AZ, Ref. RB |
4.00% | 05/15/2027 | 65 | 66,593 | ||||||||||||
| University of California, Series 2018, Ref. RB |
5.00% | 05/15/2027 | 15 | 15,651 | ||||||||||||
| University of California, Series 2022 S, Ref. RB |
5.00% | 05/15/2027 | 5 | 5,217 | ||||||||||||
| University of California, Series 2023 BM, Ref. RB |
5.00% | 05/15/2027 | 10 | 10,434 | ||||||||||||
| University of California, Series 2023 BN, Ref. RB |
5.00% | 05/15/2027 | 20 | 20,868 | ||||||||||||
| University of California, Series 2024 BS, Ref. RB |
5.00% | 05/15/2027 | 125 | 130,426 | ||||||||||||
| University of California, Series 2024 BX, RB |
5.00% | 05/15/2027 | 25 | 26,085 | ||||||||||||
| University of California (Limited), Series 2017 M, RB |
5.00% | 05/15/2030 | 45 | 46,587 | ||||||||||||
| University of California (Limited), Series 2017 M, RB |
5.00% | 05/15/2031 | 140 | 144,805 | ||||||||||||
| University of California (Limited), Series 2017 M, RB |
5.00% | 05/15/2032 | 20 | 20,649 | ||||||||||||
| University of California (Limited), Series 2017 M, RB |
5.00% | 05/15/2033 | 40 | 41,212 | ||||||||||||
| University of California (Limited), Series 2017 M, RB |
5.00% | 05/15/2034 | 10 | 10,281 | ||||||||||||
| University of California (Limited), Series 2017 M, RB |
5.00% | 05/15/2035 | 5 | 5,126 | ||||||||||||
| University of California (Limited), Series 2017 M, RB |
5.00% | 05/15/2036 | 15 | 15,361 | ||||||||||||
| University of California (Limited), Series 2017 M, RB |
5.00% | 05/15/2042 | 445 | 451,828 | ||||||||||||
| University of California (Limited), Series 2017 M, RB |
4.00% | 05/15/2047 | 130 | 118,535 | ||||||||||||
| University of California (Limited), Series 2017 M, RB |
5.00% | 05/15/2047 | 350 | 352,731 | ||||||||||||
| University of California (Limited), Series 2017 M, RB |
5.00% | 05/15/2052 | 100 | 100,683 | ||||||||||||
| Vernon (City of), CA, Series 2021 A, RB. |
5.00% | 10/01/2027 | 160 | 165,575 | ||||||||||||
| West Valley-Mission Community College District, Series 2017 B, Ref. GO Bonds |
5.00% | 08/01/2032 | 110 | 114,642 | ||||||||||||
| West Valley-Mission Community College District, Series 2017 B, Ref. GO Bonds |
4.00% | 08/01/2034 | 20 | 20,160 | ||||||||||||
|
|
|
|||||||||||||||
| 45,797,020 | ||||||||||||||||
|
|
|
|||||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Colorado-1.22% |
||||||||||||||||
| Adams & Weld Counties School District No. 27J Brighton, Series 2017, GO Bonds |
5.00% | 12/01/2042 | $ | 215 | $ | 218,020 | ||||||||||
| Adams 12 Five Star Schools, Series 2016 B, Ref. GO Bonds |
5.00% | 12/15/2027 | 60 | 61,609 | ||||||||||||
| Arapahoe County School District No. 6 Littleton, Series 2019 A, GO Bonds |
5.50% | 12/01/2027 | 140 | 149,022 | ||||||||||||
| Board of Governors of Colorado State University System, Series 2017 A, Ref. RB, |
4.00% | 03/01/2040 | 120 | 112,369 | ||||||||||||
| Board of Trustees of the Colorado School of Mines, Series 2017 B, RB |
5.00% | 12/01/2047 | 100 | 98,358 | ||||||||||||
| Colorado (State of), Series 2017 J, COP |
5.00% | 03/15/2032 | 80 | 82,124 | ||||||||||||
| Colorado (State of), Series 2017 J, COP |
5.00% | 03/15/2037 | 220 | 224,233 | ||||||||||||
| Colorado (State of), Series 2018 A, COP |
5.00% | 12/15/2027 | 40 | 42,079 | ||||||||||||
| Colorado (State of), Series 2020 A, COP |
5.00% | 12/15/2027 | 130 | 136,756 | ||||||||||||
| Colorado (State of), Series 2021 A, COP |
5.00% | 12/15/2027 | 235 | 247,212 | ||||||||||||
| Colorado (State of) Educational & Cultural Facilities Authority (University of Denver), Series 2017 A, RB |
5.00% | 03/01/2040 | 175 | 177,197 | ||||||||||||
| Colorado (State of) Educational & Cultural Facilities Authority (University of Denver), Series 2017 A, RB |
5.00% | 03/01/2043 | 50 | 50,380 | ||||||||||||
| Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2019 A, Ref. RB |
5.00% | 08/01/2027 | 35 | 36,341 | ||||||||||||
| Colorado (State of) Health Facilities Authority (SCL Health System), Series 2019 A, Ref. RB |
5.00% | 01/01/2027 | 60 | 61,921 | ||||||||||||
| Colorado (State of) Regional Transportation District, Series 2017 B, Ref. RB |
4.00% | 11/01/2036 | 130 | 130,325 | ||||||||||||
| Colorado (State of) Regional Transportation District (Fastracks), Series 2013 A, Ref. RB |
5.00% | 11/01/2027 | 120 | 126,238 | ||||||||||||
| Colorado (State of) Regional Transportation District (Fastracks), Series 2017 B, Ref. RB |
5.00% | 11/01/2034 | 175 | 180,748 | ||||||||||||
| Colorado (State of) Regional Transportation District (Fastracks), Series 2023 A, Ref. RB |
5.00% | 11/01/2027 | 65 | 68,379 | ||||||||||||
| Colorado Springs (City of), CO, Series 2017 A-2, RB |
5.00% | 11/15/2042 | 100 | 101,730 | ||||||||||||
| Denver (City & County of), CO, Series 2017 B, Ref. RB |
5.00% | 11/15/2033 | 70 | 72,347 | ||||||||||||
| Denver (City & County of), CO, Series 2020 B, Ref. GO Bonds |
5.00% | 08/01/2027 | 20 | 20,937 | ||||||||||||
| Denver (City & County of), CO, Series 2022 C, Ref. RB |
5.00% | 11/15/2027 | 110 | 115,486 | ||||||||||||
| Denver (City & County of), CO, Series 2023 A, Ref. RB |
5.00% | 11/15/2027 | 55 | 57,636 | ||||||||||||
| Denver City & County School District No. 1, Series 2017, GO Bonds |
5.00% | 12/01/2027 | 65 | 66,622 | ||||||||||||
| Denver City & County School District No. 1, Series 2021 B, Ref. GO Bonds |
4.00% | 12/01/2027 | 35 | 36,040 | ||||||||||||
| Douglas County School District No. Re-1 Douglas & Elbert Counties, Series 2022, Ref. GO Bonds |
5.00% | 12/15/2027 | 150 | 158,172 | ||||||||||||
| E-470 Public Highway Authority, Series 2020 A, Ref. RB |
5.00% | 09/01/2027 | 65 | 67,940 | ||||||||||||
| Rampart Range Metropolitan District No. 1, Series 2017, Ref. RB, (INS - AGI)(c) |
5.00% | 12/01/2042 | 105 | 106,798 | ||||||||||||
| Rampart Range Metropolitan District No. 1, Series 2017, Ref. RB, (INS - AGI)(c) |
5.00% | 12/01/2047 | 30 | 30,365 | ||||||||||||
| St. Vrain Valley School District Re-1J (Boulder, Larimer & Weld Counties and the City and County of Broomfield), Series 2024, GO Bonds |
5.00% | 12/15/2027 | 25 | 26,362 | ||||||||||||
| University of Colorado, Series 2017 A-2, Ref. RB |
5.00% | 06/01/2027 | 50 | 52,182 | ||||||||||||
|
|
|
|||||||||||||||
| 3,115,928 | ||||||||||||||||
|
|
|
|||||||||||||||
| Connecticut-1.66% |
||||||||||||||||
| Connecticut (State of), Series 2016 B, Ref. GO Bonds |
5.00% | 05/15/2027 | 70 | 71,309 | ||||||||||||
| Connecticut (State of), Series 2016 E, GO Bonds |
5.00% | 10/15/2027 | 180 | 185,019 | ||||||||||||
| Connecticut (State of), Series 2016, Ref. RB |
5.00% | 09/01/2027 | 5 | 5,128 | ||||||||||||
| Connecticut (State of), Series 2017 A, GO Bonds |
5.00% | 04/15/2027 | 115 | 119,341 | ||||||||||||
| Connecticut (State of), Series 2017 A, GO Bonds |
5.00% | 04/15/2032 | 15 | 15,439 | ||||||||||||
| Connecticut (State of), Series 2018 B, RB |
5.00% | 10/01/2027 | 165 | 173,181 | ||||||||||||
| Connecticut (State of), Series 2018 C, GO Bonds |
5.00% | 06/15/2027 | 65 | 67,837 | ||||||||||||
| Connecticut (State of), Series 2018 D, Ref. GO Bonds |
5.00% | 04/15/2027 | 185 | 191,984 | ||||||||||||
| Connecticut (State of), Series 2018 E, GO Bonds |
5.00% | 09/15/2027 | 285 | 298,874 | ||||||||||||
| Connecticut (State of), Series 2018 F, Ref. GO Bonds |
5.00% | 09/15/2027 | 115 | 120,598 | ||||||||||||
| Connecticut (State of), Series 2019 A, GO Bonds |
5.00% | 04/15/2027 | 155 | 160,851 | ||||||||||||
| Connecticut (State of), Series 2020 A, RB |
5.00% | 05/01/2027 | 45 | 46,869 | ||||||||||||
| Connecticut (State of), Series 2021 A, GO Bonds |
4.00% | 01/15/2027 | 540 | 549,074 | ||||||||||||
| Connecticut (State of), Series 2021 A, RB |
5.00% | 05/01/2027 | 65 | 67,700 | ||||||||||||
| Connecticut (State of), Series 2021 D, RB |
5.00% | 11/01/2027 | 55 | 57,820 | ||||||||||||
| Connecticut (State of), Series 2022 A, GO Bonds |
4.00% | 01/15/2027 | 25 | 25,420 | ||||||||||||
| Connecticut (State of), Series 2022 D, Ref. GO Bonds |
5.00% | 09/15/2027 | 340 | 356,552 | ||||||||||||
| Connecticut (State of), Series 2022 E, GO Bonds |
5.00% | 11/15/2027 | 150 | 157,808 | ||||||||||||
| Connecticut (State of), Series 2022 G, Ref. GO Bonds |
5.00% | 11/15/2027 | 205 | 215,671 | ||||||||||||
| Connecticut (State of), Series 2023 B, Ref. GO Bonds |
5.00% | 08/01/2027 | 130 | 136,008 | ||||||||||||
| Connecticut (State of), Series 2024 A, GO Bonds |
5.00% | 01/15/2027 | 5 | 5,163 | ||||||||||||
| Connecticut (State of), Series 2024 A-1, RB |
5.00% | 07/01/2027 | 10 | 10,445 | ||||||||||||
| Connecticut (State of), Series 2024 B, Ref. RB |
5.00% | 07/01/2027 | 15 | 15,668 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Connecticut-(continued) |
||||||||||||||||
| Connecticut (State of), Series 2024 F, GO Bonds |
5.00% | 11/15/2027 | $ | 5 | $ | 5,260 | ||||||||||
| Connecticut (State of) (Green Bonds), Series 2017 A, RB |
5.00% | 05/01/2032 | 45 | 46,488 | ||||||||||||
| Connecticut (State of) (Green Bonds), Series 2017 A, RB |
5.00% | 05/01/2033 | 55 | 56,712 | ||||||||||||
| Connecticut (State of) (Green Bonds), Series 2017 A, RB |
5.00% | 05/01/2034 | 55 | 56,615 | ||||||||||||
| Connecticut (State of) (Green Bonds), Series 2017 A, Ref. RB |
5.00% | 05/01/2031 | 10 | 10,353 | ||||||||||||
| Connecticut (State of) (Green Bonds), Series 2021 D, Ref. GO Bonds |
5.00% | 07/15/2027 | 10 | 10,453 | ||||||||||||
| Connecticut (State of) (Green Bonds), Series 2024 C, Ref. GO Bonds |
5.00% | 03/01/2027 | 5 | 5,176 | ||||||||||||
| Connecticut (State of) (Social Bonds), Series 2021 B, GO Bonds |
4.00% | 06/01/2027 | 200 | 203,930 | ||||||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2016 A, RB |
5.00% | 09/01/2027 | 50 | 51,277 | ||||||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2018, RB |
5.00% | 01/01/2027 | 10 | 10,340 | ||||||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2022 A, RB |
5.00% | 07/01/2027 | 10 | 10,445 | ||||||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2022, Ref. RB |
5.00% | 07/01/2027 | 70 | 73,117 | ||||||||||||
| Connecticut (State of) Health & Educational Facilities Authority, Series 2017, Ref. RB |
5.00% | 07/01/2042 | 225 | 226,043 | ||||||||||||
| Connecticut (State of) Health & Educational Facilities Authority (Yale University), Series 1997 S, RB |
5.00% | 07/01/2027 | 160 | 167,027 | ||||||||||||
| University of Connecticut, Series 2017 A, RB |
5.00% | 01/15/2029 | 45 | 46,317 | ||||||||||||
| University of Connecticut, Series 2017 A, RB |
5.00% | 01/15/2030 | 80 | 82,248 | ||||||||||||
| University of Connecticut, Series 2017 A, RB |
5.00% | 01/15/2033 | 100 | 102,475 | ||||||||||||
| University of Connecticut, Series 2017 A, RB |
5.00% | 01/15/2034 | 15 | 15,349 | ||||||||||||
|
|
|
|||||||||||||||
| 4,233,384 | ||||||||||||||||
|
|
|
|||||||||||||||
| Delaware-0.07% |
||||||||||||||||
| Delaware (State of), Series 2019, GO Bonds |
5.00% | 02/01/2027 | 100 | 103,639 | ||||||||||||
| Delaware (State of), Series 2020 A, GO Bonds |
5.00% | 01/01/2027 | 5 | 5,173 | ||||||||||||
| Delaware (State of) Health Facilities Authority (Bayhealth Medical Center), Series 2017 A, Ref. RB |
4.00% | 07/01/2040 | 10 | 9,271 | ||||||||||||
| Delaware (State of) Transportation Authority, Series 2016, Ref. RB |
5.00% | 07/01/2027 | 15 | 15,345 | ||||||||||||
| Delaware (State of) Transportation Authority, Series 2020, Ref. RB |
5.00% | 07/01/2027 | 40 | 41,839 | ||||||||||||
|
|
|
|||||||||||||||
| 175,267 | ||||||||||||||||
|
|
|
|||||||||||||||
| District of Columbia-2.11% |
||||||||||||||||
| District of Columbia, Series 2016 E, Ref. GO Bonds |
5.00% | 06/01/2027 | 75 | 77,326 | ||||||||||||
| District of Columbia, Series 2017 A, Ref. GO Bonds |
5.00% | 06/01/2029 | 90 | 93,123 | ||||||||||||
| District of Columbia, Series 2017 A, Ref. GO Bonds |
5.00% | 06/01/2030 | 150 | 154,872 | ||||||||||||
| District of Columbia, Series 2017 A, Ref. GO Bonds |
5.00% | 06/01/2032 | 595 | 612,156 | ||||||||||||
| District of Columbia, Series 2017 A, Ref. GO Bonds |
5.00% | 06/01/2033 | 130 | 133,435 | ||||||||||||
| District of Columbia, Series 2017 A, Ref. GO Bonds |
5.00% | 06/01/2034 | 150 | 153,662 | ||||||||||||
| District of Columbia, Series 2017 A, Ref. GO Bonds |
4.00% | 06/01/2036 | 10 | 9,847 | ||||||||||||
| District of Columbia, Series 2017 A, Ref. GO Bonds |
5.00% | 06/01/2037 | 580 | 589,680 | ||||||||||||
| District of Columbia, Series 2017 D, GO Bonds |
5.00% | 06/01/2027 | 80 | 83,318 | ||||||||||||
| District of Columbia, Series 2017 D, GO Bonds |
5.00% | 06/01/2029 | 165 | 170,726 | ||||||||||||
| District of Columbia, Series 2017 D, GO Bonds |
5.00% | 06/01/2030 | 90 | 92,923 | ||||||||||||
| District of Columbia, Series 2017 D, GO Bonds |
5.00% | 06/01/2031 | 45 | 46,384 | ||||||||||||
| District of Columbia, Series 2017 D, GO Bonds |
5.00% | 06/01/2032 | 50 | 51,442 | ||||||||||||
| District of Columbia, Series 2017 D, GO Bonds |
4.00% | 06/01/2033 | 75 | 75,290 | ||||||||||||
| District of Columbia, Series 2017 D, GO Bonds |
4.00% | 06/01/2034 | 65 | 64,852 | ||||||||||||
| District of Columbia, Series 2017 D, GO Bonds |
5.00% | 06/01/2038 | 75 | 76,019 | ||||||||||||
| District of Columbia, Series 2017, Ref. RB |
5.00% | 04/01/2031 | 30 | 30,666 | ||||||||||||
| District of Columbia, Series 2019 A, GO Bonds |
5.00% | 10/15/2027 | 100 | 104,966 | ||||||||||||
| District of Columbia, Series 2019 A, RB |
5.00% | 03/01/2027 | 80 | 83,091 | ||||||||||||
| District of Columbia, Series 2019 C, Ref. RB |
5.00% | 10/01/2027 | 90 | 94,400 | ||||||||||||
| District of Columbia, Series 2020 A, RB |
5.00% | 03/01/2027 | 20 | 20,773 | ||||||||||||
| District of Columbia, Series 2020 B, Ref. RB |
5.00% | 10/01/2027 | 50 | 52,444 | ||||||||||||
| District of Columbia, Series 2020, Ref. RB |
5.00% | 12/01/2027 | 75 | 78,842 | ||||||||||||
| District of Columbia, Series 2021 E, Ref. GO Bonds |
5.00% | 02/01/2027 | 50 | 51,795 | ||||||||||||
| District of Columbia, Series 2022 C, Ref. RB |
5.00% | 12/01/2027 | 15 | 15,783 | ||||||||||||
| District of Columbia, Series 2024 A, GO Bonds |
5.00% | 08/01/2027 | 10 | 10,456 | ||||||||||||
| District of Columbia, Series 2024 C, Ref. GO Bonds |
5.00% | 12/01/2027 | 25 | 26,305 | ||||||||||||
| District of Columbia (Catholic University of America (The)), Series 2017 B, RB |
5.00% | 10/01/2047 | 300 | 280,410 | ||||||||||||
| District of Columbia (Georgetown University), Series 2017, Ref. RB(a)(b) |
5.00% | 04/01/2027 | 10 | 10,378 | ||||||||||||
| District of Columbia (Georgetown University), Series 2017, Ref. RB. |
5.00% | 04/01/2030 | 30 | 30,729 | ||||||||||||
| District of Columbia Water & Sewer Authority, Series 2024 A, Ref. RB |
5.00% | 10/01/2027 | 30 | 31,487 | ||||||||||||
| Washington Convention & Sports Authority, Series 2018 A, Ref. RB |
5.00% | 10/01/2027 | 5 | 5,211 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| District of Columbia-(continued) |
||||||||||||||||
| Washington Convention & Sports Authority, Series 2018 A, Ref. RB |
5.00% | 10/01/2029 | $ | 20 | $ | 20,692 | ||||||||||
| Washington Convention & Sports Authority, Series 2018 A, Ref. RB |
5.00% | 10/01/2030 | 35 | 36,056 | ||||||||||||
| Washington Metropolitan Area Transit Authority, Series 2017 A-2, Ref. RB |
5.00% | 07/01/2033 | 30 | 30,728 | ||||||||||||
| Washington Metropolitan Area Transit Authority, Series 2017 B, RB |
5.00% | 07/01/2027 | 25 | 26,051 | ||||||||||||
| Washington Metropolitan Area Transit Authority, Series 2017 B, RB |
5.00% | 07/01/2030 | 110 | 113,849 | ||||||||||||
| Washington Metropolitan Area Transit Authority, Series 2017 B, RB |
5.00% | 07/01/2031 | 570 | 588,247 | ||||||||||||
| Washington Metropolitan Area Transit Authority, Series 2017 B, RB |
5.00% | 07/01/2032 | 50 | 51,408 | ||||||||||||
| Washington Metropolitan Area Transit Authority, Series 2017 B, RB |
5.00% | 07/01/2033 | 5 | 5,121 | ||||||||||||
| Washington Metropolitan Area Transit Authority, Series 2017 B, RB |
5.00% | 07/01/2035 | 600 | 610,463 | ||||||||||||
| Washington Metropolitan Area Transit Authority, Series 2017 B, RB |
5.00% | 07/01/2036 | 240 | 243,607 | ||||||||||||
| Washington Metropolitan Area Transit Authority, Series 2017 B, RB |
5.00% | 07/01/2042 | 175 | 175,611 | ||||||||||||
| Washington Metropolitan Area Transit Authority, Series 2020 A, RB |
5.00% | 07/15/2027 | 25 | 26,091 | ||||||||||||
| Washington Metropolitan Area Transit Authority (Green Bonds), Series 2021 A, RB |
5.00% | 07/15/2027 | 25 | 26,091 | ||||||||||||
|
|
|
|||||||||||||||
| 5,366,806 | ||||||||||||||||
|
|
|
|||||||||||||||
| Florida-3.32% |
||||||||||||||||
| Brevard County School District, Series 2017 A, Ref. COP |
5.00% | 07/01/2031 | 185 | 191,261 | ||||||||||||
| Brevard County School District, Series 2017 A, Ref. COP |
5.00% | 07/01/2032 | 65 | 67,201 | ||||||||||||
| Brevard County School District, Series 2024 A, Ref. COP |
5.00% | 07/01/2027 | 75 | 78,155 | ||||||||||||
| Broward (County of), FL School Board, Series 2019 A, Ref. COP |
5.00% | 07/01/2027 | 235 | 244,353 | ||||||||||||
| Central Florida Expressway Authority, Series 2016 B, Ref. RB |
5.00% | 07/01/2027 | 10 | 10,191 | ||||||||||||
| Central Florida Expressway Authority, Series 2017, Ref. RB |
5.00% | 07/01/2037 | 530 | 541,479 | ||||||||||||
| Central Florida Expressway Authority, Series 2017, Ref. RB |
5.00% | 07/01/2038 | 15 | 15,283 | ||||||||||||
| Central Florida Expressway Authority, Series 2017, Ref. RB |
5.00% | 07/01/2039 | 165 | 166,897 | ||||||||||||
| Central Florida Expressway Authority, Series 2021, Ref. RB, (INS - AGI)(c) |
5.00% | 07/01/2027 | 30 | 31,311 | ||||||||||||
| Duval County (County of), FL School Board, Series 2022 A, COP, (INS - AGI)(c) |
5.00% | 07/01/2027 | 25 | 25,990 | ||||||||||||
| East Central Regional Wastewater Treatment Facilities Operation Board, Series 2017, Ref. RB |
5.00% | 10/01/2044 | 285 | 287,317 | ||||||||||||
| Escambia (County of), FL, Series 2017, RB |
5.00% | 10/01/2043 | 100 | 101,362 | ||||||||||||
| Florida (State of), Series 2016 A, Ref. GO Bonds |
5.00% | 07/01/2027 | 40 | 40,989 | ||||||||||||
| Florida (State of), Series 2016 A, Ref. RB |
5.00% | 07/01/2027 | 45 | 46,030 | ||||||||||||
| Florida (State of), Series 2017 A, Ref. RB |
5.00% | 07/01/2027 | 125 | 130,412 | ||||||||||||
| Florida (State of), Series 2021 B, Ref. GO Bonds |
5.00% | 06/01/2027 | 30 | 31,298 | ||||||||||||
| Florida (State of), Series 2022 C, Ref. GO Bonds |
5.00% | 06/01/2027 | 265 | 276,462 | ||||||||||||
| Florida (State of) (Capital Outlay), Series 2017 C, Ref. GO Bonds. |
4.00% | 06/01/2033 | 200 | 201,925 | ||||||||||||
| Florida (State of) Department of Environmental Protection (FL Forever), Series 2016 A, Ref. RB |
5.00% | 07/01/2027 | 105 | 107,403 | ||||||||||||
| Florida (State of) Department of Management Services, Series 2018 A, Ref. COP |
5.00% | 11/01/2027 | 55 | 57,636 | ||||||||||||
| Florida (State of) Department of Transportation, Series 2022 A, Ref. RB |
5.00% | 07/01/2027 | 145 | 151,218 | ||||||||||||
| Florida (State of) Higher Educational Facilities Financial Authority (Ringling College), Series 2017, RB |
5.00% | 03/01/2042 | 75 | 72,739 | ||||||||||||
| Florida (State of) Higher Educational Facilities Financial Authority (Rollins College), Series 2017, RB |
5.00% | 03/01/2047 | 110 | 103,643 | ||||||||||||
| Florida (State of) Municipal Power Agency, Series 2016 A, Ref. RB |
5.00% | 10/01/2027 | 30 | 30,653 | ||||||||||||
| Florida (State of) Municipal Power Agency, Series 2017 A, Ref. RB |
5.00% | 10/01/2027 | 80 | 83,543 | ||||||||||||
| Florida (State of) Municipal Power Agency, Series 2018 A, Ref. RB |
4.00% | 10/01/2030 | 100 | 101,601 | ||||||||||||
| Gainesville (City of), FL, Series 2017 A, RB(a) |
5.00% | 10/01/2027 | 15 | 15,702 | ||||||||||||
| Gainesville (City of), FL, Series 2017 A, RB |
5.00% | 10/01/2031 | 75 | 78,411 | ||||||||||||
| Gainesville (City of), FL, Series 2017 A, RB |
5.00% | 10/01/2032 | 55 | 57,383 | ||||||||||||
| Gainesville (City of), FL, Series 2017 A, RB |
5.00% | 10/01/2033 | 70 | 72,851 | ||||||||||||
| Gainesville (City of), FL, Series 2017 A, RB |
5.00% | 10/01/2034 | 175 | 181,525 | ||||||||||||
| Gainesville (City of), FL, Series 2017 A, RB |
5.00% | 10/01/2035 | 70 | 72,351 | ||||||||||||
| Gainesville (City of), FL, Series 2017 A, RB |
5.00% | 10/01/2037 | 20 | 20,517 | ||||||||||||
| Hillsborough (County of), FL School Board, Series 2020, Ref. COP |
5.00% | 07/01/2027 | 15 | 15,588 | ||||||||||||
| JEA Electric System, Series 2017 A, Ref. RB |
4.00% | 10/01/2039 | 225 | 219,935 | ||||||||||||
| JEA Electric System, Series 2017 B, Ref. RB |
5.00% | 10/01/2027 | 10 | 10,459 | ||||||||||||
| JEA Electric System, Series 2017 B, Ref. RB |
5.00% | 10/01/2029 | 410 | 426,739 | ||||||||||||
| JEA Electric System, Series 2017 B, Ref. RB |
5.00% | 10/01/2030 | 120 | 124,802 | ||||||||||||
| JEA Electric System, Series 2017 B, Ref. RB |
5.00% | 10/01/2032 | 40 | 41,368 | ||||||||||||
| JEA Electric System, Series 2017 B, Ref. RB |
4.00% | 10/01/2035 | 5 | 4,950 | ||||||||||||
| JEA Electric System, Series 2017 B, Ref. RB |
4.00% | 10/01/2036 | 30 | 29,542 | ||||||||||||
| JEA Electric System, Series 2017 B, Ref. RB |
4.00% | 10/01/2037 | 5 | 4,893 | ||||||||||||
| JEA Water & Sewer System, Series 2017 A, Ref. RB |
5.00% | 10/01/2027 | 10 | 10,480 | ||||||||||||
| JEA Water & Sewer System, Series 2017 A, Ref. RB |
5.00% | 10/01/2029 | 100 | 104,304 | ||||||||||||
| JEA Water & Sewer System, Series 2017 A, Ref. RB |
5.00% | 10/01/2032 | 5 | 5,187 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Florida-(continued) |
||||||||||||||
| Miami (City of) & Dade (County of), FL School Board (The), Series 2016 B, Ref. COP |
5.00% | 08/01/2027 | $ | 20 | $ | 20,381 | ||||||||
| Miami (City of) & Dade (County of), FL School Board (The), Series 2025 A, Ref. COP |
5.00% | 05/01/2027 | 20 | 20,698 | ||||||||||
| Miami Beach (City of), FL, Series 2017, Ref. RB |
5.00% | 09/01/2047 | 150 | 151,320 | ||||||||||
| Miami-Dade (County of), FL, Series 2017 A, RB |
4.00% | 10/01/2035 | 75 | 75,134 | ||||||||||
| Miami-Dade (County of), FL, Series 2017 A, RB |
4.00% | 10/01/2038 | 10 | 9,675 | ||||||||||
| Miami-Dade (County of), FL, Series 2017 A, RB |
4.00% | 10/01/2039 | 55 | 53,015 | ||||||||||
| Miami-Dade (County of), FL, Series 2017 A, RB |
4.00% | 10/01/2040 | 140 | 134,034 | ||||||||||
| Miami-Dade (County of), FL, Series 2017 A, RB |
3.38% | 10/01/2047 | 40 | 31,252 | ||||||||||
| Miami-Dade (County of), FL, Series 2017 A, Ref. RB |
4.00% | 10/01/2036 | 100 | 99,306 | ||||||||||
| Miami-Dade (County of), FL, Series 2017 B, Ref. RB |
5.00% | 10/01/2027 | 45 | 47,252 | ||||||||||
| Miami-Dade (County of), FL, Series 2017 B, Ref. RB |
5.00% | 10/01/2029 | 5 | 5,201 | ||||||||||
| Miami-Dade (County of), FL, Series 2017 B, Ref. RB |
4.00% | 10/01/2034 | 75 | 75,453 | ||||||||||
| Miami-Dade (County of), FL, Series 2017 B, Ref. RB |
4.00% | 10/01/2035 | 120 | 120,215 | ||||||||||
| Miami-Dade (County of), FL, Series 2017 B, Ref. RB |
4.00% | 10/01/2036 | 150 | 148,959 | ||||||||||
| Miami-Dade (County of), FL, Series 2017 B, Ref. RB |
4.00% | 10/01/2037 | 60 | 58,729 | ||||||||||
| Miami-Dade (County of), FL, Series 2017 B, Ref. RB |
4.00% | 10/01/2038 | 100 | 96,750 | ||||||||||
| Miami-Dade (County of), FL, Series 2021, RB |
5.00% | 10/01/2027 | 45 | 47,200 | ||||||||||
| Orange (County of), FL Convention Center, Series 2017, Ref. RB |
5.00% | 10/01/2027 | 50 | 52,364 | ||||||||||
| Orange (County of), FL School Board, Series 2016 B, Ref. COP |
5.00% | 08/01/2027 | 310 | 316,714 | ||||||||||
| Orange (County of), FL School Board, Series 2017, Ref. COP |
5.00% | 08/01/2027 | 105 | 109,582 | ||||||||||
| Orlando (City of), FL Utilities Commission, Series 2020 A, Ref. RB |
5.00% | 10/01/2027 | 155 | 162,936 | ||||||||||
| Palm Beach County School District, Series 2017 A, Ref. COP |
5.00% | 08/01/2027 | 395 | 412,323 | ||||||||||
| Pinellas (County of), FL School Board, Series 2017 A, COP |
5.00% | 07/01/2041 | 30 | 30,227 | ||||||||||
| Polk County School District, Series 2020 A, Ref. COP |
5.00% | 01/01/2027 | 150 | 154,754 | ||||||||||
| Reedy Creek Improvement District, Series 2017 A, GO Bonds |
5.00% | 06/01/2037 | 200 | 203,761 | ||||||||||
| South Broward Hospital District, Series 2017, Ref. RB |
4.00% | 05/01/2032 | 50 | 50,234 | ||||||||||
| South Miami Health Facilities Authority, Inc. (Baptist Health South Florida Obligated Group), Series 2017, Ref. RB |
5.00% | 08/15/2027 | 5 | 5,200 | ||||||||||
| South Miami Health Facilities Authority, Inc. (Baptist Health South Florida Obligated Group), Series 2017, Ref. RB |
5.00% | 08/15/2029 | 130 | 134,652 | ||||||||||
| South Miami Health Facilities Authority, Inc. (Baptist Health South Florida Obligated Group), Series 2017, Ref. RB |
5.00% | 08/15/2032 | 80 | 82,408 | ||||||||||
| South Miami Health Facilities Authority, Inc. (Baptist Health South Florida Obligated Group), Series 2017, Ref. RB |
4.00% | 08/15/2033 | 25 | 25,028 | ||||||||||
| South Miami Health Facilities Authority, Inc. (Baptist Health South Florida Obligated Group), Series 2017, Ref. RB |
5.00% | 08/15/2037 | 100 | 101,710 | ||||||||||
| South Miami Health Facilities Authority, Inc. (Baptist Health South Florida Obligated Group), Series 2017, Ref. RB |
4.00% | 08/15/2042 | 255 | 226,190 | ||||||||||
| South Miami Health Facilities Authority, Inc. (Baptist Health South Florida Obligated Group), Series 2017, Ref. RB |
5.00% | 08/15/2042 | 30 | 30,122 | ||||||||||
| Tampa (City of) & Hillsborough (County of), FL Expressway Authority, Series 2017, RB |
5.00% | 07/01/2047 | 310 | 310,790 | ||||||||||
| Tampa Bay (City of), FL Water, Series 2016 C, Ref. RB |
5.00% | 10/01/2027 | 65 | 68,133 | ||||||||||
| Volusia (County of), FL Educational Facility Authority (Embry-Riddle), Series 2017, Ref. RB |
5.00% | 10/15/2047 | 110 | 108,363 | ||||||||||
|
|
|
|||||||||||||
| 8,473,404 | ||||||||||||||
|
|
|
|||||||||||||
| Georgia-1.95% |
||||||||||||||
| Atlanta (City of), GA, Series 2001 A, RB, (INS - NATL)(c) |
5.50% | 11/01/2027 | 50 | 51,844 | ||||||||||
| Atlanta (City of), GA, Series 2004, RB, (INS - AGI)(c) |
5.75% | 11/01/2027 | 115 | 123,118 | ||||||||||
| Atlanta (City of), GA, Series 2017 A, Ref. RB(a)(b) |
5.00% | 11/01/2027 | 40 | 42,032 | ||||||||||
| Atlanta (City of), GA, Series 2017 A, Ref. RB(a)(b) |
5.00% | 11/01/2027 | 105 | 110,333 | ||||||||||
| Atlanta (City of), GA, Series 2017 A, Ref. RB(a)(b) |
5.00% | 11/01/2027 | 150 | 157,619 | ||||||||||
| Atlanta (City of), GA, Series 2017 A, Ref. RB(a)(b) |
5.00% | 11/01/2027 | 100 | 105,079 | ||||||||||
| Atlanta (City of), GA, Series 2017 A, Ref. RB |
4.00% | 11/01/2036 | 15 | 14,887 | ||||||||||
| Atlanta (City of), GA, Series 2018 C, Ref. RB |
5.00% | 11/01/2027 | 135 | 142,180 | ||||||||||
| Atlanta (City of), GA, Series 2018 C, Ref. RB(a)(b) |
5.00% | 11/01/2027 | 55 | 57,859 | ||||||||||
| Atlanta (City of), GA, Series 2018 C, Ref. RB(a)(b) |
5.00% | 11/01/2027 | 35 | 36,820 | ||||||||||
| Atlanta (City of), GA, Series 2018 C, Ref. RB(a)(b) |
5.00% | 11/01/2027 | 60 | 63,119 | ||||||||||
| Atlanta (City of), GA, Series 2018 C, Ref. RB(a)(b) |
5.00% | 11/01/2027 | 105 | 110,459 | ||||||||||
| Atlanta (City of), GA, Series 2018 C, Ref. RB(a)(b) |
5.00% | 11/01/2027 | 85 | 89,419 | ||||||||||
| Atlanta (City of), GA, Series 2018 C, Ref. RB(a)(b) |
5.00% | 11/01/2027 | 60 | 63,119 | ||||||||||
| Atlanta (City of), GA, Series 2018 C, Ref. RB |
5.00% | 11/01/2029 | 110 | 115,060 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| Georgia-(continued) |
||||||||||||
| Atlanta (City of), GA, Series 2018, Ref. RB(a)(b) |
5.00% | 11/01/2027 | $ | 55 | $ | 57,793 | ||||||
| Atlanta (City of), GA, Series 2018, Ref. RB(a)(b) |
5.00% | 11/01/2027 | 25 | 26,270 | ||||||||
| Atlanta (City of), GA Department of Aviation, Series 2020 A, Ref. RB |
5.00% | 07/01/2027 | 30 | 31,293 | ||||||||
| Clark County School District, Series 2022, GO Bonds |
5.00% | 09/01/2027 | 285 | 298,650 | ||||||||
| Cobb (County of), GA Kennestone Hospital Authority (Wellstar Health System, Inc.), Series 2017, Ref. RAC |
5.00% | 04/01/2047 | 200 | 197,058 | ||||||||
| Gainesville (City of) & Hall (County of), GA Hospital Authority (Northeast Georgia Health System, Inc.), Series 2017 A, Ref. RB |
5.00% | 02/15/2042 | 200 | 198,943 | ||||||||
| Georgia (State of), Series 2016 E, Ref. GO Bonds |
5.00% | 12/01/2027 | 430 | 444,354 | ||||||||
| Georgia (State of), Series 2016 F, Ref. GO Bonds |
5.00% | 01/01/2027 | 540 | 558,812 | ||||||||
| Georgia (State of), Series 2016 F, Ref. GO Bonds |
5.00% | 07/01/2027 | 50 | 51,766 | ||||||||
| Georgia (State of), Series 2016 F, Ref. GO Bonds |
5.00% | 07/01/2028 | 160 | 165,589 | ||||||||
| Georgia (State of), Series 2017 A-1, GO Bonds |
5.00% | 02/01/2027 | 40 | 41,469 | ||||||||
| Georgia (State of), Series 2017 A-2, GO Bonds |
5.00% | 02/01/2029 | 15 | 15,517 | ||||||||
| Georgia (State of), Series 2017 A-2, GO Bonds |
5.00% | 02/01/2032 | 10 | 10,294 | ||||||||
| Georgia (State of), Series 2017 C, Ref. GO Bonds |
5.00% | 07/01/2029 | 60 | 62,540 | ||||||||
| Georgia (State of), Series 2018 A, GO Bonds |
5.00% | 07/01/2027 | 145 | 151,697 | ||||||||
| Georgia (State of), Series 2019 A, GO Bonds |
5.00% | 07/01/2027 | 50 | 52,309 | ||||||||
| Georgia (State of), Series 2020 A, GO Bonds |
5.00% | 08/01/2027 | 290 | 303,901 | ||||||||
| Georgia (State of) (Bid Group 1), Series 2023 A, GO Bonds |
5.00% | 07/01/2027 | 20 | 20,924 | ||||||||
| Georgia (State of) (Tranche 2), Series 2016 A, GO Bonds |
5.00% | 02/01/2027 | 30 | 30,437 | ||||||||
| Georgia (State of) Road & Tollway Authority (Garvee), Series 2020, RB |
5.00% | 06/01/2027 | 165 | 172,039 | ||||||||
| Gwinnett (County of), GA Development Authority, Series 2017, Ref. RB |
5.00% | 07/01/2040 | 20 | 20,189 | ||||||||
| Gwinnett County School District, Series 2022 B, GO Bonds |
5.00% | 08/01/2027 | 440 | 461,186 | ||||||||
| Metropolitan Atlanta Rapid Transit Authority, Series 2015 C, Ref. RB |
5.00% | 07/01/2027 | 65 | 66,509 | ||||||||
| Metropolitan Atlanta Rapid Transit Authority, Series 2017 C, Ref. RB |
4.00% | 07/01/2036 | 100 | 100,029 | ||||||||
| Richmond (County of), GA Board of Education, Series 2023, GO Bonds |
5.00% | 10/01/2027 | 145 | 152,122 | ||||||||
|
|
|
|||||||||||
| 4,974,637 | ||||||||||||
|
|
|
|||||||||||
| Hawaii-0.88% |
||||||||||||
| Hawaii (State of), Series 2016 FB, GO Bonds |
5.00% | 04/01/2027 | 235 | 239,086 | ||||||||
| Hawaii (State of), Series 2016 FE, Ref. GO Bonds |
5.00% | 10/01/2027 | 60 | 61,340 | ||||||||
| Hawaii (State of), Series 2016 FG, GO Bonds |
5.00% | 10/01/2027 | 90 | 92,448 | ||||||||
| Hawaii (State of), Series 2016 FH, Ref. GO Bonds |
5.00% | 10/01/2027 | 10 | 10,272 | ||||||||
| Hawaii (State of), Series 2017 FK, GO Bonds |
5.00% | 05/01/2027 | 135 | 140,224 | ||||||||
| Hawaii (State of), Series 2017 FK, GO Bonds |
5.00% | 05/01/2029 | 60 | 62,119 | ||||||||
| Hawaii (State of), Series 2017 FK, GO Bonds |
4.00% | 05/01/2031 | 190 | 192,446 | ||||||||
| Hawaii (State of), Series 2017 FK, GO Bonds |
5.00% | 05/01/2033 | 60 | 61,769 | ||||||||
| Hawaii (State of), Series 2017 FK, GO Bonds |
5.00% | 05/01/2034 | 35 | 35,973 | ||||||||
| Hawaii (State of), Series 2017 FK, GO Bonds |
4.00% | 05/01/2036 | 15 | 15,018 | ||||||||
| Hawaii (State of), Series 2017 FN, Ref. GO Bonds |
5.00% | 10/01/2027 | 55 | 57,575 | ||||||||
| Hawaii (State of), Series 2017 FN, Ref. GO Bonds |
5.00% | 10/01/2030 | 410 | 426,839 | ||||||||
| Hawaii (State of), Series 2017 FN, Ref. GO Bonds |
5.00% | 10/01/2031 | 190 | 197,283 | ||||||||
| Hawaii (State of), Series 2017 RN, Ref. GO Bonds |
5.00% | 10/01/2029 | 20 | 20,844 | ||||||||
| Hawaii (State of), Series 2018 FT, GO Bonds |
5.00% | 01/01/2027 | 80 | 82,762 | ||||||||
| Honolulu (City & County of), HI, Series 2022 A, Ref. GO Bonds. |
5.00% | 11/01/2027 | 60 | 63,119 | ||||||||
| Honolulu (City & County of), HI (Honolulu Rail Transit), Series 2019, GO Bonds |
5.00% | 09/01/2027 | 60 | 62,914 | ||||||||
| Honolulu (City & County of), HI (Honolulu Rail Transit), Series 2020 B, Ref. GO Bonds |
5.00% | 03/01/2027 | 210 | 217,821 | ||||||||
| Honolulu (City & County of), HI (Honolulu Rail Transit), Series 2021 E, GO Bonds |
5.00% | 03/01/2027 | 165 | 171,145 | ||||||||
| Honolulu (City & County of), HI (Honolulu Rail Transit), Series 2023, Ref. GO Bonds |
5.00% | 03/01/2027 | 20 | 20,773 | ||||||||
|
|
|
|||||||||||
| 2,231,770 | ||||||||||||
|
|
|
|||||||||||
| Idaho-0.16% |
||||||||||||
| Idaho (State of) Housing & Finance Association, Series 2017 A, Ref. RAC |
5.00% | 07/15/2027 | 230 | 240,084 | ||||||||
| Idaho State Building Authority, Series 2024 A, RB |
5.00% | 06/01/2027 | 135 | 140,866 | ||||||||
| Idaho State Building Authority (State Office Campus), Series 2017 A, RB(a)(b) |
4.00% | 09/01/2027 | 30 | 30,742 | ||||||||
|
|
|
|||||||||||
| 411,692 | ||||||||||||
|
|
|
|||||||||||
| Illinois-6.81% |
||||||||||||
| Chicago (City of), IL, Series 2017 A, RB, (INS - AGI)(c) |
5.25% | 01/01/2042 | 200 | 201,520 | ||||||||
| Chicago (City of), IL, Series 2017, Ref. RB |
5.00% | 11/01/2029 | 55 | 57,147 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Illinois-(continued) |
||||||||||||||
| Chicago (City of), IL, Series 2017-2, Ref. RB, (INS - AGI)(c) |
5.00% | 11/01/2030 | $ | 500 | $ | 516,669 | ||||||||
| Chicago (City of), IL, Series 2017-2, Ref. RB, (INS - AGI)(c) |
5.00% | 11/01/2033 | 600 | 616,438 | ||||||||||
| Chicago (City of), IL, Series 2017-2, Ref. RB, (INS - AGI)(c) |
5.00% | 11/01/2034 | 430 | 440,758 | ||||||||||
| Chicago (City of), IL, Series 2017-2, Ref. RB, (INS - AGI)(c) |
5.00% | 11/01/2035 | 150 | 153,293 | ||||||||||
| Chicago (City of), IL, Series 2017-2, Ref. RB, (INS - AGI)(c) |
5.00% | 11/01/2036 | 10 | 10,195 | ||||||||||
| Chicago (City of), IL, Series 2020 A, Ref. GO Bonds(a) |
5.00% | 01/01/2027 | 125 | 127,332 | ||||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2016 C, Ref. RB |
5.00% | 01/01/2027 | 15 | 15,167 | ||||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2017 B, Ref. RB |
5.00% | 01/01/2033 | 75 | 76,623 | ||||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2017 B, Ref. RB |
5.00% | 01/01/2034 | 125 | 127,428 | ||||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2017 B, Ref. RB |
5.00% | 01/01/2035 | 40 | 40,709 | ||||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2017 B, Ref. RB |
5.00% | 01/01/2036 | 430 | 435,331 | ||||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2017 B, Ref. RB |
5.00% | 01/01/2037 | 70 | 70,747 | ||||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2017 B, Ref. RB |
5.00% | 01/01/2038 | 370 | 373,173 | ||||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2017 B, Ref. RB |
5.00% | 01/01/2039 | 95 | 95,640 | ||||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2017 C, Ref. RB |
5.00% | 01/01/2041 | 245 | 246,240 | ||||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2017 D, RB |
5.25% | 01/01/2030 | 20 | 20,605 | ||||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2017 D, RB |
5.25% | 01/01/2031 | 25 | 25,723 | ||||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2017 D, RB |
5.25% | 01/01/2032 | 25 | 25,689 | ||||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2017 D, RB |
5.25% | 01/01/2033 | 15 | 15,382 | ||||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2017 D, RB |
5.25% | 01/01/2034 | 25 | 25,581 | ||||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2017 D, RB |
5.25% | 01/01/2035 | 55 | 56,192 | ||||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2017 D, RB |
5.25% | 01/01/2036 | 40 | 40,770 | ||||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2017 D, RB |
5.25% | 01/01/2037 | 375 | 381,566 | ||||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2017 D, RB |
5.00% | 01/01/2047 | 605 | 602,097 | ||||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2017 D, RB |
5.00% | 01/01/2052 | 320 | 317,721 | ||||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2017 F, RB, (INS - BAM)(c) |
4.25% | 01/01/2042 | 10 | 9,450 | ||||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2017 F, RB, (INS - BAM)(c) |
4.25% | 01/01/2047 | 165 | 149,045 | ||||||||||
| Chicago (City of), IL Board of Education, Series 2017, RB |
5.75% | 04/01/2033 | 100 | 103,072 | ||||||||||
| Chicago (City of), IL Board of Education, Series 2017, RB |
5.00% | 04/01/2042 | 480 | 479,191 | ||||||||||
| Chicago (City of), IL Board of Education, Series 2017, RB |
5.00% | 04/01/2046 | 210 | 204,917 | ||||||||||
| Chicago (City of), IL Board of Education, Series 2018 A, Ref. GO Bonds, (INS - AGI)(c) |
5.00% | 12/01/2027 | 100 | 103,074 | ||||||||||
| Chicago (City of), IL Metropolitan Water Reclamation District, Series 2016 A, Ref. GO Bonds |
5.00% | 12/01/2027 | 90 | 92,313 | ||||||||||
| Chicago (City of), IL Metropolitan Water Reclamation District, Series 2024 C, Ref. GO Bonds |
5.00% | 12/01/2027 | 50 | 52,561 | ||||||||||
| Chicago (City of), IL Midway International Airport, Series 2023 B, Ref. RB, (INS - BAM)(c) |
5.00% | 01/01/2027 | 20 | 20,665 | ||||||||||
| Chicago (City of), IL Park District, Series 2023 C, Ref. GO Bonds |
5.00% | 01/01/2027 | 65 | 66,857 | ||||||||||
| Chicago (City of), IL Transit Authority (FTA Section 5307 Urbanized Area Formula Funds), Series 2021, Ref. RB |
5.00% | 06/01/2027 | 35 | 35,998 | ||||||||||
| Cook (County of), IL, Series 2017, Ref. RB |
5.00% | 11/15/2033 | 155 | 160,586 | ||||||||||
| Cook (County of), IL, Series 2017, Ref. RB |
4.00% | 11/15/2034 | 95 | 94,834 | ||||||||||
| Cook (County of), IL, Series 2017, Ref. RB |
5.00% | 11/15/2038 | 5 | 5,088 | ||||||||||
| Cook (County of), IL, Series 2018, Ref. RB |
5.00% | 11/15/2032 | 140 | 145,694 | ||||||||||
| Cook (County of), IL, Series 2018, Ref. RB |
5.00% | 11/15/2033 | 120 | 124,324 | ||||||||||
| Cook (County of), IL, Series 2018, Ref. RB |
4.00% | 11/15/2038 | 25 | 23,646 | ||||||||||
| Cook (County of), IL, Series 2021 A, Ref. GO Bonds |
5.00% | 11/15/2027 | 30 | 31,431 | ||||||||||
| Cook (County of), IL, Series 2021 B, Ref. GO Bonds |
4.00% | 11/15/2027 | 150 | 153,060 | ||||||||||
| Illinois (State of), Series 2016, Ref. GO Bonds |
5.00% | 02/01/2027 | 105 | 107,881 | ||||||||||
| Illinois (State of), Series 2016, Ref. GO Bonds |
5.00% | 02/01/2029 | 115 | 117,652 | ||||||||||
| Illinois (State of), Series 2016, Ref. GO Bonds, (INS - AGI)(c) |
4.00% | 02/01/2030 | 260 | 260,731 | ||||||||||
| Illinois (State of), Series 2016, Ref. GO Bonds, (INS - AGI)(c) |
4.00% | 02/01/2031 | 275 | 275,120 | ||||||||||
| Illinois (State of), Series 2016, Ref. GO Bonds, (INS - AGI)(c) |
4.00% | 02/01/2032 | 100 | 99,632 | ||||||||||
| Illinois (State of), Series 2017 A, GO Bonds |
5.00% | 12/01/2031 | 50 | 51,525 | ||||||||||
| Illinois (State of), Series 2017 A, GO Bonds |
5.00% | 12/01/2032 | 500 | 513,898 | ||||||||||
| Illinois (State of), Series 2017 A, GO Bonds |
5.00% | 12/01/2034 | 25 | 25,585 | ||||||||||
| Illinois (State of), Series 2017 A, GO Bonds |
5.00% | 12/01/2035 | 75 | 76,565 | ||||||||||
| Illinois (State of), Series 2017 C, GO Bonds |
5.00% | 11/01/2029 | 1,180 | 1,217,625 | ||||||||||
| Illinois (State of), Series 2017 D, GO Bonds |
5.00% | 11/01/2027 | 550 | 572,337 | ||||||||||
| Illinois (State of), Series 2018 A, GO Bonds |
6.00% | 05/01/2027 | 40 | 41,916 | ||||||||||
| Illinois (State of), Series 2018 A, Ref. GO Bonds |
5.00% | 10/01/2027 | 130 | 134,425 | ||||||||||
| Illinois (State of), Series 2019 A, GO Bonds |
5.00% | 11/01/2027 | 20 | 20,746 | ||||||||||
| Illinois (State of), Series 2019 B, Ref. GO Bonds |
5.00% | 09/01/2027 | 535 | 553,851 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Illinois-(continued) |
||||||||||||||
| Illinois (State of), Series 2020 B, Ref. GO Bonds |
5.00% | 10/01/2027 | $ | 125 | $ | 129,539 | ||||||||
| Illinois (State of), Series 2021 A, GO Bonds |
5.00% | 03/01/2027 | 75 | 77,148 | ||||||||||
| Illinois (State of), Series 2021 A, GO Bonds |
5.00% | 12/01/2027 | 45 | 46,833 | ||||||||||
| Illinois (State of), Series 2022 A, GO Bonds |
5.00% | 03/01/2027 | 50 | 51,432 | ||||||||||
| Illinois (State of), Series 2022 B, Ref. GO Bonds |
5.00% | 03/01/2027 | 80 | 82,291 | ||||||||||
| Illinois (State of), Series 2023 D, Ref. GO Bonds |
5.00% | 07/01/2027 | 85 | 87,826 | ||||||||||
| Illinois (State of), Series 2024 B, GO Bonds |
5.00% | 05/01/2027 | 30 | 30,931 | ||||||||||
| Illinois (State of), Series 2024, Ref. GO Bonds |
5.00% | 02/01/2027 | 15 | 15,415 | ||||||||||
| Illinois (State of) Finance Authority, Series 2016 C, Ref. RB(a) |
5.00% | 02/15/2041 | 1,000 | 1,006,480 | ||||||||||
| Illinois (State of) Finance Authority (Ascension Health), Series 2016 C, Ref. RB(a)(b) |
3.75% | 02/15/2027 | 200 | 202,615 | ||||||||||
| Illinois (State of) Finance Authority (Ascension Health), Series 2016 C, Ref. RB |
5.00% | 02/15/2030 | 145 | 148,526 | ||||||||||
| Illinois (State of) Finance Authority (Ascension Health), Series 2016 C, Ref. RB |
5.00% | 02/15/2032 | 170 | 173,771 | ||||||||||
| Illinois (State of) Finance Authority (Ascension Health), Series 2016 C, Ref. RB(a) |
4.00% | 02/15/2033 | 545 | 546,237 | ||||||||||
| Illinois (State of) Finance Authority (Ascension Health), Series 2016 C, Ref. RB(a) |
5.00% | 02/15/2033 | 55 | 56,145 | ||||||||||
| Illinois (State of) Finance Authority (Ascension Health), Series 2016 C, Ref. RB(a) |
5.00% | 02/15/2036 | 150 | 152,412 | ||||||||||
| Illinois (State of) Finance Authority (Clean Water Initiative), Series 2017, RB |
5.00% | 01/01/2027 | 140 | 144,547 | ||||||||||
| Illinois (State of) Finance Authority (Clean Water Initiative), Series 2017, RB |
5.00% | 07/01/2027 | 15 | 15,495 | ||||||||||
| Illinois (State of) Finance Authority (Clean Water Initiative), Series 2017, RB |
5.00% | 07/01/2028 | 100 | 103,201 | ||||||||||
| Illinois (State of) Finance Authority (Clean Water Initiative), Series 2017, RB |
5.00% | 01/01/2029 | 45 | 46,380 | ||||||||||
| Illinois (State of) Finance Authority (Clean Water Initiative), Series 2017, RB |
5.00% | 07/01/2029 | 85 | 87,560 | ||||||||||
| Illinois (State of) Finance Authority (Clean Water Initiative), Series 2017, RB |
5.00% | 07/01/2030 | 95 | 97,696 | ||||||||||
| Illinois (State of) Finance Authority (Edward-Elmhurst Healthcare), Series 2017 A, Ref. RB(a)(b) |
5.00% | 01/01/2027 | 50 | 51,663 | ||||||||||
| Illinois (State of) Finance Authority (Edward-Elmhurst Healthcare), Series 2017 A, Ref. RB(a)(b) |
5.00% | 01/01/2027 | 25 | 25,832 | ||||||||||
| Illinois (State of) Finance Authority (Edward-Elmhurst Healthcare), Series 2017, Ref. RB(a)(b) |
4.00% | 01/01/2027 | 85 | 86,523 | ||||||||||
| Illinois (State of) Finance Authority (Edward-Elmhurst Healthcare), Series 2017, Ref. RB(a)(b) |
5.00% | 01/01/2027 | 85 | 87,827 | ||||||||||
| Illinois (State of) Finance Authority (Edward-Elmhurst Healthcare), Series 2017, Ref. RB(a)(b) |
5.00% | 01/01/2027 | 35 | 36,164 | ||||||||||
| Illinois (State of) Finance Authority (Northwestern Memorial Healthcare), Series 2017, Ref. RB |
5.00% | 07/15/2027 | 25 | 25,997 | ||||||||||
| Illinois (State of) Finance Authority (Presence Health Network), Series 2016 C, Ref. RB |
5.00% | 02/15/2031 | 5 | 5,117 | ||||||||||
| Illinois (State of) Finance Authority (Presence Health Network), Series 2016 C, Ref. RB(a) |
5.00% | 02/15/2034 | 5 | 5,100 | ||||||||||
| Illinois (State of) Finance Authority (Rosalind Franklin University), Series 2017, Ref. RB |
5.00% | 08/01/2047 | 100 | 95,651 | ||||||||||
| Illinois (State of) Finance Authority (Southern Illinois Healthcare), Series 2017, RB |
5.00% | 03/01/2047 | 600 | 582,920 | ||||||||||
| Illinois (State of) Finance Authority (The University of Chicago), Series 2018 A, RB |
5.00% | 10/01/2048 | 25 | 25,028 | ||||||||||
| Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion), Series 2023, Ref. RB |
5.00% | 12/15/2027 | 300 | 312,228 | ||||||||||
| Illinois (State of) Regional Transportation Authority, Series 2017 A, Ref. RB |
5.00% | 07/01/2027 | 270 | 281,079 | ||||||||||
| Illinois (State of) Toll Highway Authority, Series 2019 A, Ref. RB |
5.00% | 01/01/2027 | 55 | 56,916 | ||||||||||
| Illinois (State of) Toll Highway Authority, Series 2019 B, Ref. RB |
5.00% | 01/01/2027 | 200 | 206,967 | ||||||||||
| Illinois (State of) Toll Highway Authority, Series 2019, Ref. RB |
5.00% | 01/01/2027 | 170 | 175,922 | ||||||||||
| Kane McHenry Cook & De Kalb Counties Unit School District No. 300, Series 2017, Ref. GO Bonds |
5.00% | 01/01/2029 | 220 | 228,387 | ||||||||||
| Macon County School District No. 61 Decatur, Series 2020 C, Ref. GO Bonds, (INS - AGI)(c) |
4.00% | 01/01/2040 | 200 | 193,602 | ||||||||||
| Sales Tax Securitization Corp., Series 2020 A, Ref. RB |
5.00% | 01/01/2027 | 145 | 148,826 | ||||||||||
| Sales Tax Securitization Corp., Series 2021 A, Ref. RB |
5.00% | 01/01/2027 | 40 | 41,055 | ||||||||||
| University of Illinois, Series 2023 A, Ref. RB |
5.00% | 04/01/2027 | 90 | 93,160 | ||||||||||
| Will & Kendall Counties Community Consolidated School District 202 Plainfield, Series 2018 A, Ref. GO Bonds |
4.00% | 01/01/2027 | 45 | 45,597 | ||||||||||
|
|
|
|||||||||||||
| 17,355,072 | ||||||||||||||
|
|
|
|||||||||||||
| Indiana-0.36% |
||||||||||||||
| Indiana (State of) Finance Authority, Series 2016 C, Ref. RB |
5.00% | 06/01/2027 | 165 | 169,116 | ||||||||||
| Indiana (State of) Finance Authority (CWA Authority), Series 2021, Ref. RB |
5.00% | 10/01/2027 | 35 | 36,727 | ||||||||||
| Indiana (State of) Finance Authority (Franciscan Alliance, Inc.), Series 2017 B, RB |
5.00% | 11/01/2029 | 135 | 140,097 | ||||||||||
| Indiana (State of) Finance Authority (Franciscan Alliance, Inc.), Series 2017 B, RB |
5.00% | 11/01/2030 | 15 | 15,549 | ||||||||||
| Indiana (State of) Finance Authority (Franciscan Alliance, Inc.), Series 2017 C, Ref. RB |
5.00% | 11/01/2032 | 20 | 20,653 | ||||||||||
| Indiana (State of) Finance Authority (Franciscan Alliance, Inc.), Series 2017 C, Ref. RB |
4.00% | 11/01/2033 | 15 | 15,033 | ||||||||||
| Indiana (State of) Finance Authority (Franciscan Alliance, Inc.), Series 2017 C, Ref. RB |
4.00% | 11/01/2034 | 120 | 119,749 | ||||||||||
| Indiana (State of) Finance Authority (Green Bonds), Series 2016 E, Ref. RB |
5.00% | 02/01/2027 | 80 | 81,864 | ||||||||||
| Indiana (State of) Finance Authority (Green Bonds), Series 2018 A, RB |
5.00% | 02/01/2027 | 55 | 56,865 | ||||||||||
| Indiana (State of) Finance Authority (Green Bonds), Series 2019 A, RB |
5.00% | 02/01/2027 | 135 | 139,579 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Indiana-(continued) |
||||||||||||||
| Indianapolis (City of), IN Department of Public Utilities, Series 2016 B, Ref. RB |
5.00% | 10/01/2027 | $ | 40 | $ | 40,930 | ||||||||
| Indianapolis (City of), IN Department of Public Utilities, Series 2017 A, Ref. RB |
5.00% | 08/15/2027 | 75 | 78,459 | ||||||||||
|
|
|
|||||||||||||
| 914,621 | ||||||||||||||
|
|
|
|||||||||||||
| Iowa-0.25% |
||||||||||||||
| Iowa (State of), Series 2016 A, Ref. RB |
5.00% | 06/01/2027 | 70 | 71,373 | ||||||||||
| Iowa (State of) Finance Authority (Green Bonds), Series 2017, Ref. RB |
5.00% | 08/01/2027 | 405 | 425,111 | ||||||||||
| Iowa (State of) Finance Authority (Green Bonds), Series 2017, Ref. RB |
5.00% | 08/01/2029 | 30 | 31,216 | ||||||||||
| Iowa (State of) Finance Authority (Green Bonds), Series 2017, Ref. RB |
5.00% | 08/01/2030 | 105 | 109,068 | ||||||||||
|
|
|
|||||||||||||
| 636,768 | ||||||||||||||
|
|
|
|||||||||||||
| Kansas-0.26% |
||||||||||||||
| Butler (County of), KS Unified School District No. 385 (Andover), Series 2017, Ref. GO Bonds(a)(b) |
5.00% | 09/01/2027 | 35 | 36,622 | ||||||||||
| Butler (County of), KS Unified School District No. 385 (Andover), Series 2017, Ref. GO Bonds(a)(b) |
5.00% | 09/01/2027 | 75 | 78,475 | ||||||||||
| Butler (County of), KS Unified School District No. 385 (Andover), Series 2017, Ref. GO Bonds(a)(b) |
5.00% | 09/01/2027 | 20 | 20,927 | ||||||||||
| Johnson (County of), KS Public Building Commission (Courthouse & Medical Examiners), Series 2018 A, RB |
4.00% | 09/01/2027 | 45 | 45,591 | ||||||||||
| Kansas (State of) Department of Transportation, Series 2017 A, RB |
5.00% | 09/01/2035 | 75 | 77,333 | ||||||||||
| Kansas (State of) Department of Transportation, Series 2017 A, RB |
5.00% | 09/01/2037 | 10 | 10,257 | ||||||||||
| Kansas (State of) Department of Transportation, Series 2024 A, Ref. RB |
5.00% | 09/01/2027 | 60 | 62,807 | ||||||||||
| Riley County Unified School District No. 383 Manhattan-Ogden, Series 2018 A, GO Bonds(a)(b) |
5.00% | 09/01/2027 | 80 | 83,707 | ||||||||||
| University of Kansas Hospital Authority (KS Health System), Series 2017 A, Ref. RB |
5.00% | 03/01/2047 | 250 | 250,219 | ||||||||||
|
|
|
|||||||||||||
| 665,938 | ||||||||||||||
|
|
|
|||||||||||||
| Kentucky-0.53% |
||||||||||||||
| Boone (County of), KY, Series 2008, Ref. RB |
3.70% | 08/01/2027 | 50 | 50,153 | ||||||||||
| Kentucky (Commonwealth of) Economic Development Finance Authority (Baptist Healthcare System), Series 2017 B, RB |
4.13% | 08/15/2041 | 320 | 297,253 | ||||||||||
| Kentucky (Commonwealth of) Economic Development Finance Authority (Baptist Healthcare System), Series 2017 B, RB |
5.00% | 08/15/2041 | 15 | 15,052 | ||||||||||
| Kentucky (Commonwealth of) Economic Development Finance Authority (Owensboro Health, Inc.), Series 2017 A, Ref. RB |
5.00% | 06/01/2037 | 150 | 150,449 | ||||||||||
| Kentucky (Commonwealth of) Economic Development Finance Authority (Owensboro Health, Inc.), Series 2017 A, Ref. RB |
5.25% | 06/01/2041 | 20 | 20,026 | ||||||||||
| Kentucky (Commonwealth of) Economic Development Finance Authority (Owensboro Health, Inc.), Series 2017 A, Ref. RB |
5.00% | 06/01/2045 | 25 | 24,158 | ||||||||||
| Kentucky (Commonwealth of) Economic Development Finance Authority (Owensboro Health, Inc.), Series 2017 A, Ref. RB, (INS - AGI)(c) |
4.00% | 06/01/2037 | 135 | 129,538 | ||||||||||
| Kentucky (Commonwealth of) Economic Development Finance Authority (Owensboro Health, Inc.), Series 2017 B, Ref. RB, (INS - AGI)(c) |
4.00% | 06/01/2037 | 50 | 47,967 | ||||||||||
| Kentucky (Commonwealth of) Property & Building Commission (No. 112), Series 2016 B, Ref. RB |
5.00% | 11/01/2027 | 265 | 271,481 | ||||||||||
| Kentucky (Commonwealth of) Property & Building Commission (No. 115), Series 2017, RB |
5.00% | 04/01/2037 | 15 | 15,273 | ||||||||||
| Kentucky (Commonwealth of) Property & Building Commission (No. 115), Series 2017, RB |
5.00% | 04/01/2038 | 30 | 30,466 | ||||||||||
| Kentucky (Commonwealth of) Property & Building Commission (No. 130), Series 2024 B, Ref. RB |
5.00% | 11/01/2027 | 115 | 120,539 | ||||||||||
| Kentucky (Commonwealth of) Turnpike Authority (Revitalization), Series 2016 A, Ref. RB |
5.00% | 07/01/2027 | 120 | 122,065 | ||||||||||
| Kentucky (Commonwealth of) Turnpike Authority (Revitalizaton), Series 2017 B, Ref. RB |
5.00% | 07/01/2027 | 55 | 57,381 | ||||||||||
|
|
|
|||||||||||||
| 1,351,801 | ||||||||||||||
|
|
|
|||||||||||||
| Louisiana-1.00% |
||||||||||||||
| Jefferson (Parish of), LA Sales Tax District, Series 2017 B, RB, (INS - AGI)(c) |
5.00% | 12/01/2042 | 50 | 50,334 | ||||||||||
| Lafayette (Parish of), LA School Board, Series 2018, RB(a)(b) |
5.00% | 04/01/2027 | 25 | 25,946 | ||||||||||
| Louisiana (State of), Series 2016 B, Ref. GO Bonds |
5.00% | 08/01/2027 | 170 | 173,701 | ||||||||||
| Louisiana (State of), Series 2017 B, GO Bonds |
5.00% | 10/01/2029 | 130 | 135,595 | ||||||||||
| Louisiana (State of), Series 2017 B, GO Bonds |
4.00% | 10/01/2035 | 65 | 65,215 | ||||||||||
| Louisiana (State of), Series 2017 B, GO Bonds |
4.00% | 10/01/2036 | 50 | 50,037 | ||||||||||
| Louisiana (State of), Series 2023 A, Ref. GO Bonds |
5.00% | 02/01/2027 | 5 | 5,179 | ||||||||||
| Louisiana (State of) (Garvee), Series 2019 A, RB |
5.00% | 09/01/2027 | 180 | 188,221 | ||||||||||
| Louisiana (State of) (Garvee), Series 2023, RB |
5.00% | 09/01/2027 | 75 | 78,425 | ||||||||||
| Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Louisiana Insurance Guaranty Association Project), Series 2022, RB |
5.00% | 08/15/2030 | 75 | 77,450 | ||||||||||
| Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Louisiana Insurance Guaranty Association Project), Series 2022, RB |
5.00% | 08/15/2031 | 120 | 123,365 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Louisiana-(continued) |
||||||||||||||
| Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Louisiana Insurance Guaranty Association Project), Series 2022, RB |
5.00% | 08/15/2034 | $ | 70 | $ | 71,523 | ||||||||
| Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Louisiana Insurance Guaranty Association Project), Series 2022, RB |
5.00% | 08/15/2037 | 40 | 40,517 | ||||||||||
| Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Ragin Cajun Facilities, Inc.), Series 2018, RB, (INS - AGI)(c) |
5.00% | 10/01/2048 | 150 | 149,762 | ||||||||||
| Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Woman’s Hospital Foundation), Series 2017 A, Ref. RB |
5.00% | 10/01/2041 | 450 | 445,729 | ||||||||||
| Louisiana (State of) Public Facilities Authority (Franciscan Missionaries of Our Lady Health System), Series 2017 A, RB |
5.00% | 07/01/2047 | 5 | 4,864 | ||||||||||
| Louisiana (State of) Public Facilities Authority (Ochsner Clinic Foundation), Series 2017, Ref. RB |
4.00% | 05/15/2037 | 245 | 238,072 | ||||||||||
| Louisiana (State of) Public Facilities Authority (Ochsner Clinic Foundation), Series 2017, Ref. RB |
5.00% | 05/15/2042 | 345 | 345,009 | ||||||||||
| Louisiana (State of) Public Facilities Authority (Ochsner Clinic Foundation), Series 2017, Ref. RB |
5.00% | 05/15/2046 | 115 | 111,972 | ||||||||||
| New Orleans (City of), Aviation Board (North Terminal), Series 2017 A, RB |
5.00% | 01/01/2048 | 15 | 14,917 | ||||||||||
| Shreveport (City of), LA, Series 2017 A, RB, (INS - AGI)(c) |
5.00% | 12/01/2041 | 150 | 150,725 | ||||||||||
|
|
|
|||||||||||||
| 2,546,558 | ||||||||||||||
|
|
|
|||||||||||||
| Maryland-2.35% |
||||||||||||||
| Baltimore (City of), MD (Wastewater), Series 2017 A, RB |
5.00% | 07/01/2046 | 500 | 496,119 | ||||||||||
| Howard (County of), MD, Series 2017 B, Ref. GO Bonds |
5.00% | 02/15/2027 | 25 | 25,941 | ||||||||||
| Maryland (State of), Second Series 2018 B, GO Bonds. |
5.00% | 08/01/2027 | 175 | 183,276 | ||||||||||
| Maryland (State of), Second Series 2020 B, Ref. GO Bonds. |
5.00% | 08/01/2027 | 185 | 193,748 | ||||||||||
| Maryland (State of), Series 2017 A, GO Bonds |
5.00% | 03/15/2027 | 55 | 57,145 | ||||||||||
| Maryland (State of), Series 2017 A, GO Bonds |
5.00% | 08/01/2027 | 75 | 78,547 | ||||||||||
| Maryland (State of), Series 2017 A, GO Bonds |
5.00% | 03/15/2029 | 160 | 165,180 | ||||||||||
| Maryland (State of), Series 2017 A, GO Bonds |
5.00% | 08/01/2029 | 45 | 46,733 | ||||||||||
| Maryland (State of), Series 2017 A, GO Bonds |
4.00% | 03/15/2030 | 5 | 5,069 | ||||||||||
| Maryland (State of), Series 2017 A, GO Bonds |
4.00% | 08/01/2030 | 10 | 10,163 | ||||||||||
| Maryland (State of), Series 2017 A, GO Bonds |
5.00% | 03/15/2031 | 105 | 108,187 | ||||||||||
| Maryland (State of), Series 2018 A, GO Bonds |
5.00% | 03/15/2027 | 165 | 171,434 | ||||||||||
| Maryland (State of), Series 2020, GO Bonds |
5.00% | 08/01/2027 | 30 | 31,419 | ||||||||||
| Maryland (State of) (Bidding Group 1), Second Series 2019 A, GO Bonds |
5.00% | 08/01/2027 | 710 | 743,575 | ||||||||||
| Maryland (State of) (Bidding Group 1), Second Series 2021 A, GO Bonds |
5.00% | 08/01/2027 | 30 | 31,419 | ||||||||||
| Maryland (State of) (Bidding Group 1), Series 2020 A, GO Bonds. |
5.00% | 03/15/2027 | 70 | 72,730 | ||||||||||
| Maryland (State of) (Bidding Group 1), Series 2021 A, GO Bonds. |
5.00% | 03/01/2027 | 50 | 51,906 | ||||||||||
| Maryland (State of) Department of Transportation, Series 2016, Ref. RB |
4.00% | 09/01/2027 | 25 | 25,629 | ||||||||||
| Maryland (State of) Department of Transportation, Series 2017, RB |
5.00% | 09/01/2027 | 180 | 188,742 | ||||||||||
| Maryland (State of) Department of Transportation, Series 2017, RB |
5.00% | 09/01/2029 | 55 | 57,360 | ||||||||||
| Maryland (State of) Department of Transportation, Series 2017, RB |
5.00% | 09/01/2030 | 60 | 62,496 | ||||||||||
| Maryland (State of) Department of Transportation, Series 2019, RB |
5.00% | 10/01/2027 | 90 | 94,525 | ||||||||||
| Maryland (State of) Department of Transportation, Series 2019, RB |
4.00% | 10/01/2032 | 70 | 70,768 | ||||||||||
| Maryland (State of) Department of Transportation, Series 2020, RB |
5.00% | 10/01/2027 | 40 | 42,011 | ||||||||||
| Maryland (State of) Department of Transportation, Series 2021 A, RB |
5.00% | 10/01/2027 | 285 | 299,328 | ||||||||||
| Maryland (State of) Department of Transportation, Series 2021 B, Ref. RB |
5.00% | 12/01/2027 | 70 | 73,759 | ||||||||||
| Maryland (State of) Department of Transportation, Series 2022 B, Ref. RB |
5.00% | 12/01/2027 | 25 | 26,343 | ||||||||||
| Maryland (State of) Department of Transportation (Second Issue), Series 2018, RB |
5.00% | 10/01/2027 | 105 | 107,928 | ||||||||||
| Maryland (State of) Health & Higher Educational Facilities Authority (MedStar Health), Series 2017 A, RB |
5.00% | 05/15/2045 | 115 | 112,133 | ||||||||||
| Maryland (State of) Health & Higher Educational Facilities Authority (University of Maryland Medical System), Series 2017 B, Ref. RB |
3.75% | 07/01/2036 | 715 | 702,344 | ||||||||||
| Maryland (State of) Health & Higher Educational Facilities Authority (University of Maryland Medical System), Series 2017 B, Ref. RB |
4.00% | 07/01/2039 | 15 | 14,417 | ||||||||||
| Maryland (State of) Transportation Authority, Series 2021 A, Ref. RB |
5.00% | 07/01/2027 | 80 | 83,579 | ||||||||||
| Maryland (State of) Transportation Authority, Series 2024, Ref. RB |
5.00% | 07/01/2027 | 5 | 5,224 | ||||||||||
| Montgomery (County of), MD, Series 2017 A, GO Bonds |
5.00% | 11/01/2027 | 115 | 121,006 | ||||||||||
| Montgomery (County of), MD, Series 2017 C, Ref. GO Bonds |
5.00% | 10/01/2027 | 45 | 47,273 | ||||||||||
| Montgomery (County of), MD, Series 2019 A, GO Bonds |
5.00% | 11/01/2027 | 130 | 136,789 | ||||||||||
| Montgomery (County of), MD, Series 2020 A, GO Bonds |
4.00% | 08/01/2027 | 265 | 271,609 | ||||||||||
| Montgomery (County of), MD, Series 2021 A, Ref. GO Bonds |
5.00% | 08/01/2027 | 145 | 151,826 | ||||||||||
| Prince George’s (County of), MD, Series 2017 A, GO Bonds |
3.00% | 09/15/2027 | 10 | 10,025 | ||||||||||
| Prince George’s (County of), MD, Series 2018 A, GO Bonds |
5.00% | 07/15/2027 | 115 | 120,308 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| Maryland-(continued) |
||||||||||||
| Prince George’s (County of), MD, Series 2019 A, GO Bonds |
5.00% | 07/15/2027 | $ | 640 | $ | 669,542 | ||||||
| Washington (State of) Suburban Sanitary Commission, Series 2017, Ref. RB |
3.00% | 06/01/2027 | 30 | 30,064 | ||||||||
|
|
|
|||||||||||
| 5,997,619 | ||||||||||||
|
|
|
|||||||||||
| Massachusetts-2.98% |
||||||||||||
| Boston (City of), MA, Series 2023, GO Bonds |
5.00% | 11/01/2027 | 190 | 200,196 | ||||||||
| Massachusetts (Commonwealth of), Series 2005, Ref. RB, (INS - NATL)(c) |
5.50% | 01/01/2027 | 65 | 67,733 | ||||||||
| Massachusetts (Commonwealth of), Series 2015 A, Ref. GO Bonds |
5.00% | 07/01/2027 | 135 | 141,152 | ||||||||
| Massachusetts (Commonwealth of), Series 2015 D, GO Bonds |
3.00% | 09/01/2027 | 850 | 848,428 | ||||||||
| Massachusetts (Commonwealth of), Series 2016 A, Ref. GO Bonds |
5.00% | 07/01/2027 | 40 | 40,929 | ||||||||
| Massachusetts (Commonwealth of), Series 2016 A, Ref. RB |
5.00% | 06/01/2027 | 50 | 51,050 | ||||||||
| Massachusetts (Commonwealth of), Series 2016 B, Ref. GO Bonds |
5.00% | 07/01/2027 | 300 | 313,670 | ||||||||
| Massachusetts (Commonwealth of), Series 2017 A, GO Bonds |
5.00% | 04/01/2032 | 190 | 195,685 | ||||||||
| Massachusetts (Commonwealth of), Series 2017 A, GO Bonds |
5.00% | 04/01/2034 | 555 | 570,160 | ||||||||
| Massachusetts (Commonwealth of), Series 2017 A, GO Bonds |
5.00% | 04/01/2037 | 5 | 5,094 | ||||||||
| Massachusetts (Commonwealth of), Series 2017 A, GO Bonds |
5.00% | 04/01/2042 | 150 | 150,895 | ||||||||
| Massachusetts (Commonwealth of), Series 2017 A, GO Bonds |
5.00% | 04/01/2047 | 200 | 200,033 | ||||||||
| Massachusetts (Commonwealth of), Series 2017 A, GO Bonds |
5.25% | 04/01/2047 | 500 | 505,729 | ||||||||
| Massachusetts (Commonwealth of), Series 2017 A, Ref. RB |
5.00% | 06/01/2031 | 110 | 115,270 | ||||||||
| Massachusetts (Commonwealth of), Series 2017 A, Ref. RB |
5.00% | 06/01/2032 | 5 | 5,224 | ||||||||
| Massachusetts (Commonwealth of), Series 2017 A, Ref. RB |
5.00% | 06/01/2043 | 230 | 232,020 | ||||||||
| Massachusetts (Commonwealth of), Series 2017 C, Ref. GO Bonds |
5.00% | 10/01/2027 | 75 | 78,805 | ||||||||
| Massachusetts (Commonwealth of), Series 2017 D, GO Bonds |
4.00% | 02/01/2037 | 5 | 4,976 | ||||||||
| Massachusetts (Commonwealth of), Series 2017 D, Ref. GO Bonds |
5.00% | 07/01/2027 | 50 | 52,278 | ||||||||
| Massachusetts (Commonwealth of), Series 2017 E, GO Bonds |
5.00% | 11/01/2031 | 70 | 72,874 | ||||||||
| Massachusetts (Commonwealth of), Series 2017 E, GO Bonds |
4.00% | 11/01/2032 | 10 | 10,135 | ||||||||
| Massachusetts (Commonwealth of), Series 2017 E, Ref. GO Bonds |
5.00% | 11/01/2027 | 40 | 42,099 | ||||||||
| Massachusetts (Commonwealth of), Series 2017 F, GO Bonds |
5.00% | 11/01/2041 | 200 | 201,929 | ||||||||
| Massachusetts (Commonwealth of), Series 2017 F, GO Bonds |
5.00% | 11/01/2044 | 30 | 30,141 | ||||||||
| Massachusetts (Commonwealth of), Series 2017 F, GO Bonds |
5.00% | 11/01/2045 | 40 | 40,138 | ||||||||
| Massachusetts (Commonwealth of), Series 2018 B, Ref. GO Bonds |
5.00% | 07/01/2027 | 205 | 214,341 | ||||||||
| Massachusetts (Commonwealth of), Series 2018 C Ref., GO Bonds |
5.00% | 09/01/2027 | 5 | 5,245 | ||||||||
| Massachusetts (Commonwealth of), Series 2019 A, Ref. GO Bonds |
5.00% | 01/01/2027 | 75 | 77,613 | ||||||||
| Massachusetts (Commonwealth of), Series 2019 F, GO Bonds |
5.00% | 05/01/2027 | 150 | 156,374 | ||||||||
| Massachusetts (Commonwealth of), Series 2019 G, GO Bonds |
5.00% | 09/01/2027 | 45 | 47,206 | ||||||||
| Massachusetts (Commonwealth of), Series 2020 E, GO Bonds |
5.00% | 11/01/2027 | 5 | 5,262 | ||||||||
| Massachusetts (Commonwealth of), Series 2021 A, Ref. GO Bonds |
5.00% | 09/01/2027 | 5 | 5,245 | ||||||||
| Massachusetts (Commonwealth of), Series 2023 B, GO Bonds |
5.00% | 10/01/2027 | 15 | 15,761 | ||||||||
| Massachusetts (Commonwealth of), Series 2024 B, GO Bonds |
5.00% | 05/01/2027 | 5 | 5,212 | ||||||||
| Massachusetts (Commonwealth of) (Green Bonds), Series 2017 B, GO Bonds |
5.00% | 04/01/2037 | 60 | 61,129 | ||||||||
| Massachusetts (Commonwealth of) (Rail Enhancement & Accelerated Bridge Program), Series 2017 A, RB |
5.00% | 06/01/2042 | 175 | 176,479 | ||||||||
| Massachusetts (Commonwealth of) Bay Transportation Authority, Series 2005 A, RB |
5.00% | 07/01/2027 | 500 | 522,784 | ||||||||
| Massachusetts (Commonwealth of) Bay Transportation Authority, Series 2016 A, Ref. RB |
5.00% | 07/01/2027 | 800 | 818,923 | ||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Boston Medical Center), Series 2017 T, Ref. RB |
4.00% | 07/01/2042 | 205 | 192,488 | ||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Boston Medical Center), Series 2017, Ref. RB |
5.00% | 07/01/2039 | 5 | 5,090 | ||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Boston Medical Center), Series 2017, Ref. RB |
5.00% | 07/01/2042 | 250 | 252,846 | ||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Boston Medical Center), Series 2020 A-2, Ref. RB |
5.00% | 07/01/2027 | 5 | 5,223 | ||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Caregroup), Series 2016 I, Ref. RB |
5.00% | 07/01/2027 | 480 | 487,985 | ||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Emerson College), Series 2016 A, RB |
5.00% | 01/01/2047 | 130 | 126,049 | ||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Harvard University), Series 2020 A, Ref. RB |
5.00% | 10/15/2027 | 40 | 41,818 | ||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Sterling and Francine Clark Art Institute), Series 2016, Ref. RB |
4.00% | 07/01/2041 | 10 | 9,376 | ||||||||
| Massachusetts (Commonwealth of) Transportation Trust Fund, Series 2019 A, Ref. RB |
5.00% | 01/01/2027 | 30 | 31,050 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| Massachusetts-(continued) |
||||||||||||
| Massachusetts (Commonwealth of) Transportation Trust Fund (Contract Assistance), Series 2018, Ref. RB |
5.00% | 01/01/2027 | $ | 10 | $ | 10,350 | ||||||
| Massachusetts (Commonwealth of) Water Resources Authority, Series 2007 B, Ref. RB, (INS - AGI)(c) |
5.25% | 08/01/2027 | 30 | 31,608 | ||||||||
| Massachusetts (Commonwealth of) Water Resources Authority (Green Bonds), Series 2017 C, Ref. RB |
5.00% | 08/01/2032 | 20 | 20,794 | ||||||||
| Massachusetts (Commonwealth of) Water Resources Authority (Green Bonds), Series 2017, Ref. RB |
5.00% | 08/01/2030 | 10 | 10,425 | ||||||||
| Massachusetts (Commonwealth of) Water Resources Authority (Green Bonds), Series 2017, Ref. RB |
5.00% | 08/01/2031 | 10 | 10,414 | ||||||||
| University of Massachusetts Building Authority, Series 2017, Ref. RB |
5.00% | 11/01/2030 | 55 | 57,417 | ||||||||
| University of Massachusetts Building Authority, Series 2017, Ref. RB |
5.00% | 11/01/2031 | 5 | 5,211 | ||||||||
|
|
|
|||||||||||
| 7,586,361 | ||||||||||||
|
|
|
|||||||||||
| Michigan-1.17% |
||||||||||||
| Detroit City School District, Series 2005 A, Ref. GO Bonds, (INS - AGI)(c) |
5.25% | 05/01/2027 | 65 | 67,778 | ||||||||
| Great Lakes Water Authority, Series 2016 C, Ref. RB |
5.00% | 07/01/2027 | 95 | 96,886 | ||||||||
| Great Lakes Water Authority, Series 2018 A, Ref. RB |
5.00% | 07/01/2027 | 30 | 31,231 | ||||||||
| Great Lakes Water Authority, Series 2024 A, Ref. RB |
5.00% | 07/01/2027 | 20 | 20,784 | ||||||||
| Great Lakes Water Authority, Series 2024 A, Ref. RB |
5.00% | 07/01/2027 | 55 | 57,155 | ||||||||
| Karegnondi Water Authority (Genesee, Lapeer and Sanilac Counties), Series 2018, Ref. RB |
5.00% | 11/01/2045 | 165 | 164,410 | ||||||||
| Macomb (County of), MI Interceptor Drain Drainage District, Series 2017 A, Ref. RB |
5.00% | 05/01/2042 | 180 | 180,276 | ||||||||
| Michigan (State of), Series 2017 A, Ref. GO Bonds. |
5.00% | 05/01/2027 | 20 | 20,850 | ||||||||
| Michigan (State of), Series 2018, GO Bonds |
4.00% | 05/01/2027 | 30 | 30,321 | ||||||||
| Michigan (State of), Series 2020 B, RB |
5.00% | 11/15/2027 | 90 | 94,860 | ||||||||
| Michigan (State of), Series 2023, RB |
5.00% | 11/15/2027 | 20 | 21,080 | ||||||||
| Michigan (State of) (Garvee), Series 2016, Ref. RB. |
5.00% | 03/15/2027 | 245 | 254,467 | ||||||||
| Michigan (State of) Building Authority (Facilities Program), Series 2020 I, Ref. RB |
5.00% | 10/15/2027 | 105 | 110,190 | ||||||||
| Michigan (State of) Finance Authority (Beaumont Health Credit Group), Series 2022, Ref. RB |
5.00% | 04/15/2027 | 45 | 46,408 | ||||||||
| Michigan (State of) Finance Authority (Trinity Health Credit Group), Series 2008 C, Ref. RB |
5.00% | 12/01/2031 | 20 | 20,693 | ||||||||
| Michigan (State of) Finance Authority (Trinity Health Credit Group), Series 2017 A, Ref. RB |
5.00% | 12/01/2034 | 290 | 297,849 | ||||||||
| Michigan (State of) Finance Authority (Trinity Health Credit Group), Series 2017 A, Ref. RB |
5.00% | 12/01/2037 | 250 | 254,534 | ||||||||
| Michigan (State of) Finance Authority (Trinity Health Credit Group), Series 2017 MI, Ref. RB |
5.00% | 12/01/2031 | 65 | 66,816 | ||||||||
| Michigan (State of) Finance Authority (Trinity Health Credit Group), Series 2017, Ref. RB |
5.00% | 12/01/2027 | 45 | 47,051 | ||||||||
| Michigan (State of) Finance Authority (Trinity Health Credit Group), Series 2017, Ref. RB |
5.00% | 12/01/2035 | 250 | 256,036 | ||||||||
| Michigan (State of) Finance Authority (Trinity Health Credit Group), Series 2017, Ref. RB |
4.00% | 12/01/2036 | 155 | 148,403 | ||||||||
| Michigan (State of) Hospital Finance Authority (Ascension Health Credit Group), Series 1999, RB |
4.00% | 11/15/2027 | 10 | 10,242 | ||||||||
| Michigan (State of) Hospital Finance Authority (Trinity Health Credit Group), Series 2008 C, Ref. RB |
5.00% | 12/01/2027 | 20 | 20,911 | ||||||||
| Michigan (State of) Hospital Finance Authority (Trinity Health Credit Group), Series 2008, Ref. RB |
5.00% | 12/01/2032 | 125 | 128,978 | ||||||||
| University of Michigan, Series 2017 A, Ref. RB(a)(b) |
5.00% | 04/01/2027 | 35 | 36,356 | ||||||||
| University of Michigan, Series 2017 A, Ref. RB |
5.00% | 04/01/2027 | 185 | 192,368 | ||||||||
| University of Michigan, Series 2017 A, Ref. RB(a)(b) |
5.00% | 04/01/2027 | 20 | 20,775 | ||||||||
| University of Michigan, Series 2017 A, Ref. RB |
5.00% | 04/01/2029 | 105 | 108,920 | ||||||||
| Wayne (County of), MI Airport Authority (Detroit Metropolitan Airport), Series 2017 A, RB |
5.00% | 12/01/2047 | 170 | 169,172 | ||||||||
|
|
|
|||||||||||
| 2,975,800 | ||||||||||||
|
|
|
|||||||||||
| Minnesota-1.07% |
||||||||||||
| Metropolitan Council, Series 2021 C, GO Bonds |
5.00% | 12/01/2027 | 90 | 94,789 | ||||||||
| Minneapolis & St. Paul (Cities of), MN Metropolitan Airports Commission, Series 2016 A, Ref. RB |
5.00% | 01/01/2027 | 185 | 191,474 | ||||||||
| Minneapolis & St. Paul (Cities of), MN Metropolitan Airports Commission, Series 2016 A, Ref. RB |
5.00% | 01/01/2029 | 30 | 30,911 | ||||||||
| Minneapolis & St. Paul (Cities of), MN Metropolitan Airports Commission, Series 2016 A, Ref. RB |
5.00% | 01/01/2030 | 15 | 15,417 | ||||||||
| Minneapolis & St. Paul (Cities of), MN Metropolitan Airports Commission, Series 2016 A, Ref. RB |
5.00% | 01/01/2031 | 40 | 41,023 | ||||||||
| Minneapolis & St. Paul (Cities of), MN Metropolitan Airports Commission, Series 2016 A, Ref. RB |
5.00% | 01/01/2032 | 50 | 51,227 | ||||||||
| Minneapolis & St. Paul (Cities of), MN Metropolitan Airports Commission, Series 2023 A, Ref. RB |
5.00% | 01/01/2027 | 25 | 25,832 | ||||||||
| Minnesota (State of), Series 2017 A, GO Bonds |
5.00% | 10/01/2027 | 70 | 73,616 | ||||||||
| Minnesota (State of), Series 2017 A, GO Bonds |
5.00% | 10/01/2030 | 20 | 20,921 | ||||||||
| Minnesota (State of), Series 2017 A, GO Bonds |
5.00% | 10/01/2031 | 25 | 26,108 | ||||||||
| Minnesota (State of), Series 2017 A, GO Bonds |
5.00% | 10/01/2032 | 640 | 666,855 | ||||||||
| Minnesota (State of), Series 2017 A, GO Bonds |
5.00% | 10/01/2033 | 50 | 51,991 | ||||||||
| Minnesota (State of), Series 2017 D, Ref. GO Bonds |
5.00% | 10/01/2027 | 100 | 105,166 | ||||||||
| Minnesota (State of), Series 2018 A, GO Bonds |
5.00% | 08/01/2027 | 55 | 57,672 | ||||||||
| Minnesota (State of), Series 2019 A, GO Bonds |
5.00% | 08/01/2027 | 295 | 309,331 | ||||||||
| Minnesota (State of), Series 2020 A, GO Bonds |
5.00% | 08/01/2027 | 300 | 314,574 | ||||||||
| Minnesota (State of), Series 2021 A, GO Bonds |
5.00% | 09/01/2027 | 25 | 26,259 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| Minnesota-(continued) |
||||||||||||
| Minnesota (State of), Series 2021 B, GO Bonds |
5.00% | 09/01/2027 | $ | 45 | $ | 47,246 | ||||||
| Minnesota (State of), Series 2022 A, GO Bonds |
5.00% | 08/01/2027 | 40 | 41,943 | ||||||||
| Minnesota (State of), Series 2022 A, Ref. RB |
5.00% | 03/01/2027 | 75 | 77,858 | ||||||||
| Minnesota (State of), Series 2023 D, Ref. GO Bonds |
5.00% | 08/01/2027 | 60 | 62,915 | ||||||||
| Minnesota (State of), Series 2024 A, GO Bonds |
5.00% | 08/01/2027 | 10 | 10,486 | ||||||||
| Minnesota (State of), Series 2024 B, GO Bonds |
5.00% | 08/01/2027 | 5 | 5,241 | ||||||||
| Minnesota (State of), Series 2024 D, Ref. GO Bonds |
5.00% | 08/01/2027 | 130 | 136,315 | ||||||||
| Minnesota (State of) Higher Education Facilities Authority (Gustavus Adolphus College), Series 2017, Ref. RB |
5.00% | 10/01/2047 | 20 | 19,190 | ||||||||
| Minnesota (State of) Public Facilities Authority, Series 2023 A, RB |
5.00% | 03/01/2027 | 150 | 156,135 | ||||||||
| University of Minnesota, Series 2017 B, Ref. RB |
5.00% | 12/01/2030 | 45 | 46,945 | ||||||||
| University of Minnesota, Series 2017 B, Ref. RB |
5.00% | 12/01/2031 | 10 | 10,414 | ||||||||
|
|
|
|||||||||||
| 2,717,854 | ||||||||||||
|
|
|
|||||||||||
| Mississippi-0.71% |
||||||||||||
| Mississippi (State of), Series 2017 A, Ref. GO Bonds |
5.00% | 10/01/2027 | 125 | 131,285 | ||||||||
| Mississippi (State of), Series 2017 A, Ref. GO Bonds(a)(b) |
5.00% | 10/01/2027 | 160 | 168,044 | ||||||||
| Mississippi (State of), Series 2017 A, Ref. GO Bonds(a)(b) |
5.00% | 10/01/2027 | 85 | 89,273 | ||||||||
| Mississippi (State of), Series 2017 A, Ref. GO Bonds(a)(b) |
5.00% | 10/01/2027 | 85 | 89,273 | ||||||||
| Mississippi (State of), Series 2017 A, Ref. GO Bonds(a)(b) |
5.00% | 10/01/2027 | 95 | 99,776 | ||||||||
| Mississippi (State of), Series 2017 A, Ref. GO Bonds |
5.00% | 10/01/2029 | 165 | 172,165 | ||||||||
| Mississippi (State of), Series 2017 A, Ref. GO Bonds |
5.00% | 10/01/2030 | 1,010 | 1,052,044 | ||||||||
| Mississippi (State of), Series 2017 A, Ref. GO Bonds |
4.00% | 10/01/2035 | 5 | 4,974 | ||||||||
|
|
|
|||||||||||
| 1,806,834 | ||||||||||||
|
|
|
|||||||||||
| Missouri-0.42% |
||||||||||||
| Curators of the University of Missouri (The), Series 2024, Ref. RB |
5.00% | 11/01/2027 | 25 | 26,306 | ||||||||
| Metropolitan St. Louis Sewer District, Series 2017 A, Ref. RB |
5.00% | 05/01/2027 | 105 | 109,442 | ||||||||
| Metropolitan St. Louis Sewer District, Series 2017 A, Ref. RB |
5.00% | 05/01/2029 | 80 | 82,928 | ||||||||
| Metropolitan St. Louis Sewer District, Series 2017 A, Ref. RB |
5.00% | 05/01/2042 | 200 | 202,850 | ||||||||
| Metropolitan St. Louis Sewer District, Series 2017 A, Ref. RB |
5.00% | 05/01/2047 | 20 | 20,227 | ||||||||
| Missouri (State of) Board of Public Buildings, Series 2020 B, Ref. RB |
5.00% | 10/01/2027 | 60 | 62,906 | ||||||||
| Missouri (State of) Health & Educational Facilities Authority (Mercy Health), Series 2017 C, Ref. RB |
5.00% | 11/15/2042 | 10 | 9,989 | ||||||||
| Missouri (State of) Health & Educational Facilities Authority (Mercy Health), Series 2018 A, Ref. RB |
5.00% | 06/01/2027 | 210 | 217,632 | ||||||||
| Missouri (State of) Health & Educational Facilities Authority (SSM Health), Series 2022 A, RB |
5.00% | 06/01/2027 | 100 | 103,379 | ||||||||
| Missouri (State of) Health & Educational Facilities Authority (St. Louis University), Series 2017 A, RB |
5.00% | 10/01/2042 | 100 | 100,828 | ||||||||
| Springfield (City of), MO, Series 2015, Ref. RB |
3.25% | 08/01/2027 | 20 | 19,999 | ||||||||
| St. Louis (City of), MO, Series 2005, RB, (INS - NATL)(c) |
5.50% | 07/01/2027 | 80 | 84,150 | ||||||||
| St. Louis Municipal Finance Corp., Series 2017, Ref. RB, (INS - AGI)(c) |
5.00% | 10/01/2038 | 25 | 25,363 | ||||||||
|
|
|
|||||||||||
| 1,065,999 | ||||||||||||
|
|
|
|||||||||||
| Montana-0.00% |
||||||||||||
| Montana (State of) Facility Finance Authority, Series 2016, Ref. RB |
5.00% | 02/15/2041 | 5 | 5,006 | ||||||||
|
|
|
|||||||||||
| Nebraska-0.23% |
||||||||||||
| Douglas (County of), NE (Creighton University), Series 2017, Ref. RB |
5.00% | 07/01/2047 | 70 | 69,464 | ||||||||
| Gretna Public Schools, Series 2024, GO Bonds, (INS - AGI)(c) |
5.00% | 12/15/2030 | 50 | 52,140 | ||||||||
| Omaha (City of), NE (Omaha Convention Center), Series 2004, Ref. GO Bonds |
5.25% | 04/01/2027 | 75 | 78,292 | ||||||||
| Omaha (City of), NE Public Power District, Series 2016 A, Ref. RB |
5.00% | 02/01/2027 | 25 | 25,354 | ||||||||
| Omaha (City of), NE Public Power District, Series 2017 A, Ref. RB |
5.00% | 02/01/2035 | 200 | 206,227 | ||||||||
| Omaha (City of), NE Public Power District, Series 2017 A, Ref. RB |
5.00% | 02/01/2037 | 140 | 143,546 | ||||||||
|
|
|
|||||||||||
| 575,023 | ||||||||||||
|
|
|
|||||||||||
| Nevada-0.91% |
||||||||||||
| Carson (City Of), NV (Carson Tahoe Regional Healthcare), Series 2017, Ref. RB |
5.00% | 09/01/2047 | 100 | 95,313 | ||||||||
| Clark (County of), NV, Series 2016 B, Ref. GO Bonds |
5.00% | 11/01/2027 | 60 | 61,427 | ||||||||
| Clark (County of), NV, Series 2017, Ref. GO Bonds |
5.00% | 06/01/2030 | 990 | 1,023,839 | ||||||||
| Clark (County of), NV, Series 2017, Ref. GO Bonds |
4.00% | 06/01/2032 | 65 | 65,531 | ||||||||
| Clark (County of), NV, Series 2017, Ref. GO Bonds |
4.00% | 06/01/2034 | 20 | 20,068 | ||||||||
| Clark (County of), NV, Series 2020 C, Ref. RB |
5.00% | 07/01/2027 | 45 | 46,967 | ||||||||
| Clark (County of), NV (Founders Academy of Las Vegas), Series 2015, Ref. RB |
5.00% | 07/01/2027 | 60 | 62,499 | ||||||||
| Clark (County of), NV (Las Vegas McCarran International Airport), Series 2019, Ref. RB |
5.00% | 07/01/2027 | 70 | 72,916 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| Nevada-(continued) |
||||||||||||
| Clark County School District, Series 2016 B, Ref. GO Bonds |
5.00% | 06/15/2027 | $ | 90 | $ | 92,381 | ||||||
| Clark County School District, Series 2017 C, Ref. GO Bonds |
4.00% | 06/15/2037 | 50 | 48,716 | ||||||||
| Clark County School District No. 114 Evergreen, Series 2024 A, Ref. RB |
5.00% | 07/01/2027 | 40 | 41,666 | ||||||||
| Las Vegas Valley Water District, Series 2021 A, Ref. GO Bonds |
5.00% | 06/01/2027 | 15 | 15,625 | ||||||||
| Las Vegas Valley Water District, Series 2021 C, GO Bonds |
5.00% | 06/01/2027 | 60 | 62,500 | ||||||||
| Nevada (State of), Series 2017, RB |
5.00% | 12/01/2030 | 15 | 15,486 | ||||||||
| Nevada (State of), Series 2017, RB |
5.00% | 12/01/2031 | 185 | 190,816 | ||||||||
| Truckee Meadows Water Authority, Series 2017, Ref. RB |
5.00% | 07/01/2029 | 20 | 20,714 | ||||||||
| Truckee Meadows Water Authority, Series 2017, Ref. RB |
5.00% | 07/01/2030 | 375 | 387,853 | ||||||||
|
|
|
|||||||||||
| 2,324,317 | ||||||||||||
|
|
|
|||||||||||
| New Hampshire-0.11% |
||||||||||||
| New Hampshire (State of) Health and Education Facilities Authority (Concord Hospital Trust), Series 2017, RB |
5.00% | 10/01/2047 | 300 | 293,606 | ||||||||
|
|
|
|||||||||||
| New Jersey-3.16% |
||||||||||||
| Atlantic City (City of), NJ, Series 2017 A, Ref. GO Bonds, (INS - BAM)(c) |
5.00% | 03/01/2037 | 100 | 101,789 | ||||||||
| New Jersey (State of), Series 2016, GO Bonds(a)(b) |
5.00% | 06/01/2027 | 5 | 5,207 | ||||||||
| New Jersey (State of), Series 2016, GO Bonds |
5.00% | 06/01/2029 | 20 | 20,753 | ||||||||
| New Jersey (State of), Series 2016, GO Bonds |
3.50% | 06/01/2030 | 10 | 10,051 | ||||||||
| New Jersey (State of), Series 2020 A, GO Bonds |
5.00% | 06/01/2027 | 835 | 870,289 | ||||||||
| New Jersey (State of), Series 2020, GO Bonds |
5.00% | 06/01/2040 | 220 | 223,680 | ||||||||
| New Jersey (State of), Series 2020, GO Bonds |
5.00% | 06/01/2041 | 250 | 253,322 | ||||||||
| New Jersey (State of) Economic Development Authority, Series 2005 N-1, Ref. RB, (INS - NATL)(c) |
5.50% | 09/01/2027 | 15 | 15,802 | ||||||||
| New Jersey (State of) Economic Development Authority, Series 2017 A, RB |
4.00% | 11/01/2027 | 380 | 387,679 | ||||||||
| New Jersey (State of) Economic Development Authority, Series 2017 A, RB |
5.00% | 11/01/2027 | 110 | 114,970 | ||||||||
| New Jersey (State of) Economic Development Authority, Series 2017 A, Ref. RB |
5.00% | 07/01/2033 | 100 | 100,550 | ||||||||
| New Jersey (State of) Economic Development Authority, Series 2017 A, Ref. RB, (INS - BAM)(c) |
5.00% | 07/01/2027 | 25 | 25,759 | ||||||||
| New Jersey (State of) Economic Development Authority, Series 2017 DDD, RB(a)(b) |
4.00% | 06/15/2027 | 20 | 20,472 | ||||||||
| New Jersey (State of) Economic Development Authority, Series 2017 DDD, RB(a)(b) |
5.00% | 06/15/2027 | 230 | 239,948 | ||||||||
| New Jersey (State of) Economic Development Authority, Series 2018 A, RB |
5.00% | 06/15/2047 | 200 | 195,685 | ||||||||
| New Jersey (State of) Educational Facilities Authority, Series 2024 A, Ref. RB |
5.00% | 05/15/2027 | 65 | 67,394 | ||||||||
| New Jersey (State of) Educational Facilities Authority (Princeton University), Series 2017 B, Ref. RB |
5.00% | 07/01/2029 | 145 | 150,653 | ||||||||
| New Jersey (State of) Educational Facilities Authority (Princeton University), Series 2017 B, Ref. RB |
5.00% | 07/01/2031 | 75 | 77,538 | ||||||||
| New Jersey (State of) Educational Facilities Authority (Princeton University), Series 2017 B, Ref. RB |
5.00% | 07/01/2032 | 30 | 30,918 | ||||||||
| New Jersey (State of) Educational Facilities Authority (Princeton University), Series 2017 B, Ref. RB |
5.00% | 07/01/2034 | 115 | 118,150 | ||||||||
| New Jersey (State of) Educational Facilities Authority (Princeton University), Series 2017 B, Ref. RB |
4.00% | 07/01/2035 | 15 | 15,079 | ||||||||
| New Jersey (State of) Educational Facilities Authority (Princeton University), Series 2017 I, Ref. RB |
5.00% | 07/01/2029 | 55 | 57,144 | ||||||||
| New Jersey (State of) Educational Facilities Authority (Princeton University), Series 2017 I, Ref. RB |
5.00% | 07/01/2030 | 25 | 25,904 | ||||||||
| New Jersey (State of) Educational Facilities Authority (Princeton University), Series 2017 I, Ref. RB |
5.00% | 07/01/2031 | 500 | 516,922 | ||||||||
| New Jersey (State of) Educational Facilities Authority (Princeton University), Series 2017 I, Ref. RB |
5.00% | 07/01/2032 | 35 | 36,071 | ||||||||
| New Jersey (State of) Educational Facilities Authority (Princeton University), Series 2017 I, Ref. RB |
5.00% | 07/01/2034 | 10 | 10,274 | ||||||||
| New Jersey (State of) Educational Facilities Authority (Princeton University), Series 2017 I, Ref. RB |
5.00% | 07/01/2035 | 20 | 20,513 | ||||||||
| New Jersey (State of) Educational Facilities Authority (Princeton University), Series 2017 I, Ref. RB |
5.00% | 07/01/2036 | 10 | 10,236 | ||||||||
| New Jersey (State of) Educational Facilities Authority (Princeton University), Series 2017 I, Ref. RB |
4.00% | 07/01/2038 | 100 | 99,079 | ||||||||
| New Jersey (State of) Educational Facilities Authority (Stevenns Institute Technology), Series 2017, Ref. RB |
5.00% | 07/01/2042 | 185 | 185,817 | ||||||||
| New Jersey (State of) Health Care Facilities Financing Authority (AHS Hospital Corp.), Series 2016, Ref. RB |
4.00% | 07/01/2041 | 25 | 23,119 | ||||||||
| New Jersey (State of) Health Care Facilities Financing Authority (Hackensack Meridian Health Obligated Group), Series 2017 A, Ref. RB |
4.00% | 07/01/2036 | 20 | 19,587 | ||||||||
| New Jersey (State of) Health Care Facilities Financing Authority (Hackensack Meridian Health Obligated Group), Series 2017 A, Ref. RB |
5.00% | 07/01/2037 | 210 | 212,741 | ||||||||
| New Jersey (State of) Health Care Facilities Financing Authority (Hackensack Meridian Health Obligated Group), Series 2017 A, Ref. RB |
4.00% | 07/01/2047 | 35 | 30,349 | ||||||||
| New Jersey (State of) Health Care Facilities Financing Authority (Hackensack Meridian Health Obligated Group), Series 2017 A, Ref. RB |
5.00% | 07/01/2052 | 185 | 184,457 | ||||||||
| New Jersey (State of) Health Care Facilities Financing Authority (Hackensack Meridian Health Obligated Group), Series 2017, Ref. RB |
5.00% | 07/01/2027 | 45 | 46,754 | ||||||||
| New Jersey (State of) Health Care Facilities Financing Authority (Hackensack Meridian Health Obligated Group), Series 2017, Ref. RB |
5.00% | 07/01/2029 | 80 | 82,386 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| New Jersey-(continued) |
||||||||||||
| New Jersey (State of) Health Care Facilities Financing Authority (Hackensack Meridian Health Obligated Group), Series 2017, Ref. RB |
4.00% | 07/01/2034 | $ | 15 | $ | 15,002 | ||||||
| New Jersey (State of) Health Care Facilities Financing Authority (Inspira Meridian Health Obligated Group), Series 2017, RB |
5.00% | 07/01/2042 | 300 | 299,263 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2016 A-1, RN |
5.00% | 06/15/2027 | 375 | 381,859 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2018 A, Ref. RB |
5.00% | 12/15/2027 | 145 | 151,931 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2019, Ref. RB |
5.00% | 12/15/2027 | 310 | 324,818 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2021 A, Ref. RB |
5.00% | 06/15/2027 | 70 | 72,730 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2022 AA, Ref. RB |
5.00% | 06/15/2027 | 215 | 223,386 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2023, Ref. RB |
5.00% | 06/15/2027 | 90 | 93,510 | ||||||||
| New Jersey (State of) Turnpike Authority, Series 2005 A, Ref. RB, (INS - AGI)(c) |
5.25% | 01/01/2027 | 55 | 57,127 | ||||||||
| New Jersey (State of) Turnpike Authority, Series 2017 A, RB |
5.00% | 01/01/2027 | 30 | 30,960 | ||||||||
| New Jersey (State of) Turnpike Authority, Series 2017 A, RB |
5.00% | 01/01/2029 | 80 | 82,430 | ||||||||
| New Jersey (State of) Turnpike Authority, Series 2017 A, RB |
5.00% | 01/01/2030 | 140 | 144,006 | ||||||||
| New Jersey (State of) Turnpike Authority, Series 2017 A, RB |
5.00% | 01/01/2031 | 250 | 256,745 | ||||||||
| New Jersey (State of) Turnpike Authority, Series 2017 A, RB |
5.00% | 01/01/2032 | 535 | 548,484 | ||||||||
| New Jersey (State of) Turnpike Authority, Series 2017 A, RB |
5.00% | 01/01/2033 | 250 | 255,829 | ||||||||
| New Jersey (State of) Turnpike Authority, Series 2017 A, RB |
5.00% | 01/01/2035 | 10 | 10,208 | ||||||||
| New Jersey (State of) Turnpike Authority, Series 2017 A-1, RB |
5.00% | 01/01/2034 | 95 | 97,107 | ||||||||
| New Jersey (State of) Turnpike Authority, Series 2017 B, Ref. RB |
5.00% | 01/01/2027 | 210 | 216,722 | ||||||||
| New Jersey (State of) Turnpike Authority, Series 2017 E, Ref. RB |
5.00% | 01/01/2027 | 50 | 51,601 | ||||||||
| Newark (City of), NJ Housing Authority, Series 2017, Ref. RB |
4.00% | 01/01/2037 | 140 | 136,219 | ||||||||
|
|
|
|||||||||||
| 8,056,978 | ||||||||||||
|
|
|
|||||||||||
| New Mexico-0.46% |
||||||||||||
| New Mexico (State of) (Capital), Series 2017 A, GO Bonds |
5.00% | 03/01/2027 | 45 | 46,699 | ||||||||
| New Mexico (State of) Finance Authority, Series 2018 A, Ref. RB |
5.00% | 06/15/2027 | 185 | 192,999 | ||||||||
| New Mexico (State of) Finance Authority, Series 2024 A, Ref. RB |
5.00% | 06/15/2027 | 30 | 31,340 | ||||||||
| New Mexico (State of) Hospital Equipment Loan Council (Presbyterian Healthcare), Series 2017 A, Ref. RB |
4.00% | 08/01/2035 | 20 | 19,595 | ||||||||
| New Mexico (State of) Hospital Equipment Loan Council (Presbyterian Healthcare), Series 2017 A, Ref. RB |
4.00% | 08/01/2036 | 220 | 212,753 | ||||||||
| New Mexico (State of) Hospital Equipment Loan Council (Presbyterian Healthcare), Series 2017 A, Ref. RB |
4.00% | 08/01/2037 | 5 | 4,770 | ||||||||
| New Mexico (State of) Severance Tax Permanent Fund, Series 2021 A, RB |
5.00% | 07/01/2027 | 40 | 41,765 | ||||||||
| New Mexico (State of) Severance Tax Permanent Fund, Series 2022 A, RB |
5.00% | 07/01/2027 | 500 | 522,061 | ||||||||
| New Mexico (State of) Severance Tax Permanent Fund, Series 2022 B, RB |
5.00% | 07/01/2027 | 100 | 104,412 | ||||||||
|
|
|
|||||||||||
| 1,176,394 | ||||||||||||
|
|
|
|||||||||||
| New York-17.53% |
||||||||||||
| Albany (County of), NY, Series 2018, GO Bonds |
5.00% | 04/01/2027 | 45 | 45,909 | ||||||||
| Battery Park (City of), NY Authority, Series 2023 B, Ref. RB |
5.00% | 11/01/2027 | 30 | 31,754 | ||||||||
| Buffalo & Fort Erie Public Bridge Authority, Series 2017, RB |
5.00% | 01/01/2042 | 160 | 160,584 | ||||||||
| Hempstead Town Local Development Corp., Series 2017, Ref. RB |
5.00% | 07/01/2047 | 100 | 98,190 | ||||||||
| Hudson Yards Infrastructure Corp., Series 2017 A, Ref. RB |
5.00% | 02/15/2027 | 15 | 15,610 | ||||||||
| Hudson Yards Infrastructure Corp., Series 2017 A, Ref. RB |
5.00% | 02/15/2030 | 25 | 25,748 | ||||||||
| Hudson Yards Infrastructure Corp., Series 2017 A, Ref. RB |
5.00% | 02/15/2031 | 300 | 308,712 | ||||||||
| Hudson Yards Infrastructure Corp., Series 2017 A, Ref. RB |
5.00% | 02/15/2032 | 60 | 61,632 | ||||||||
| Hudson Yards Infrastructure Corp., Series 2017 A, Ref. RB |
5.00% | 02/15/2034 | 145 | 148,429 | ||||||||
| Hudson Yards Infrastructure Corp., Series 2017 A, Ref. RB |
5.00% | 02/15/2035 | 140 | 143,051 | ||||||||
| Hudson Yards Infrastructure Corp., Series 2017 A, Ref. RB |
4.00% | 02/15/2036 | 245 | 245,109 | ||||||||
| Hudson Yards Infrastructure Corp., Series 2017 A, Ref. RB |
5.00% | 02/15/2037 | 30 | 30,533 | ||||||||
| Hudson Yards Infrastructure Corp., Series 2017 A, Ref. RB |
5.00% | 02/15/2039 | 960 | 972,939 | ||||||||
| Hudson Yards Infrastructure Corp., Series 2017 A, Ref. RB |
5.00% | 02/15/2042 | 475 | 477,408 | ||||||||
| Hudson Yards Infrastructure Corp., Series 2017 A, Ref. RB |
5.00% | 02/15/2045 | 500 | 500,976 | ||||||||
| Long Island (City of), NY Power Authority, Series 2017, RB |
5.00% | 09/01/2042 | 325 | 326,686 | ||||||||
| Long Island (City of), NY Power Authority, Series 2017, RB |
5.00% | 09/01/2047 | 250 | 248,234 | ||||||||
| Long Island (City of), NY Power Authority, Series 2018, RB |
5.00% | 09/01/2027 | 15 | 15,749 | ||||||||
| Long Island (City of), NY Power Authority, Series 2023 F, Ref. RB |
5.00% | 09/01/2027 | 5 | 5,250 | ||||||||
| Metropolitan Transportation Authority, Series 2016 B, Ref. RB |
5.00% | 11/15/2027 | 35 | 35,902 | ||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2016 A2, Ref. RB |
5.00% | 11/15/2027 | 15 | 15,387 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| New York-(continued) |
||||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2017 A, RB |
4.00% | 11/15/2035 | $ | 25 | $ | 24,883 | ||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2017 A, RB |
5.00% | 11/15/2035 | 340 | 347,762 | ||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2017 A, RB |
5.00% | 11/15/2042 | 50 | 50,468 | ||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2017 A, RB |
5.00% | 11/15/2047 | 100 | 100,502 | ||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2017 A-1, RB |
5.00% | 11/15/2051 | 50 | 49,378 | ||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2017 A-2, Ref. RB |
5.00% | 11/15/2028 | 190 | 196,024 | ||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2017 B, Ref. RB |
5.00% | 11/15/2027 | 280 | 292,071 | ||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2017 B-1, RB |
5.00% | 11/15/2034 | 240 | 247,484 | ||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2017 B-1, RB |
5.00% | 11/15/2035 | 210 | 215,918 | ||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2017 B-1, RB |
5.00% | 11/15/2042 | 260 | 263,026 | ||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2017 B-2, RB |
5.00% | 11/15/2027 | 50 | 52,651 | ||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2017 B-2, RB |
4.00% | 11/15/2032 | 75 | 75,337 | ||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2017 B-2, RB |
4.00% | 11/15/2033 | 115 | 115,266 | ||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2017 B-2, RB |
5.00% | 11/15/2033 | 170 | 175,780 | ||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2017 B-2, RB |
5.25% | 11/15/2033 | 125 | 129,978 | ||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2017 B-2, RB |
4.00% | 11/15/2034 | 10 | 10,005 | ||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2017 B-2, RB |
5.00% | 11/15/2034 | 95 | 97,962 | ||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2017 C-1, Ref. RB |
5.00% | 11/15/2027 | 100 | 104,311 | ||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2018 B, Ref. RB |
5.00% | 11/15/2027 | 5 | 5,216 | ||||||||
| Monroe County Industrial Development Corp. (University of Rochester), Series 2017 C, Ref. RB |
4.00% | 07/01/2043 | 35 | 31,145 | ||||||||
| Monroe County Industrial Development Corp. (University of Rochester), Series 2017, Ref. RB |
4.00% | 07/01/2043 | 45 | 40,043 | ||||||||
| Nassau (County of), NY, Series 2017 C, Ref. GO Bonds |
5.00% | 10/01/2027 | 15 | 15,782 | ||||||||
| Nassau (County of), NY Interim Finance Authority, Series 2024 A, RB |
5.00% | 11/15/2027 | 50 | 52,908 | ||||||||
| Nassau Health Care Corp., Series 2009, Ref. RB |
5.00% | 08/01/2027 | 15 | 15,716 | ||||||||
| New York & New Jersey (States of) Port Authority, Series 2017, Ref. RB |
5.00% | 11/15/2034 | 20 | 20,728 | ||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Fifth Series 2017, Ref. RB |
5.00% | 11/15/2029 | 15 | 15,670 | ||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Fifth Series 2017, Ref. RB |
5.00% | 11/15/2030 | 25 | 26,082 | ||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Fifth Series 2017, Ref. RB |
5.00% | 11/15/2032 | 120 | 124,810 | ||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Fifth Series 2017, Ref. RB |
5.00% | 11/15/2033 | 170 | 176,513 | ||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Fifth Series 2017, Ref. RB |
5.00% | 11/15/2036 | 20 | 20,645 | ||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Fifth Series 2017, Ref. RB |
5.00% | 11/15/2047 | 300 | 301,932 | ||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Fifth Series 2017, Ref. RB |
5.25% | 11/15/2057 | 100 | 101,065 | ||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Forty Five Series 2024, Ref. RB |
5.00% | 09/01/2027 | 55 | 57,720 | ||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Forty Third Series 2023, Ref. RB |
5.00% | 12/01/2027 | 110 | 116,016 | ||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Ninth Series 2018, Ref. RB |
5.00% | 07/15/2027 | 140 | 146,551 | ||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Thirtieth Series 2022, Ref. RB |
4.00% | 12/01/2027 | 185 | 190,455 | ||||||||
| New York & New Jersey (States of) Port Authority, Two Hundrend Fifth Series 2017, Ref. RB |
5.00% | 11/15/2031 | 180 | 187,520 | ||||||||
| New York (City of), NY, Series 2005-1, GO Bonds |
5.00% | 09/01/2027 | 10 | 10,475 | ||||||||
| New York (City of), NY, Series 2007 C, GO Bonds, (INS - AGI)(c) |
5.00% | 10/01/2027 | 5 | 5,249 | ||||||||
| New York (City of), NY, Series 2008 B, GO Bonds |
5.00% | 09/01/2027 | 50 | 52,373 | ||||||||
| New York (City of), NY, Series 2008 J-10, GO Bonds |
5.00% | 08/01/2027 | 20 | 20,916 | ||||||||
| New York (City of), NY, Series 2008 J-9, GO Bonds |
5.00% | 08/01/2027 | 35 | 35,754 | ||||||||
| New York (City of), NY, Series 2017 1, GO Bonds |
5.00% | 08/01/2027 | 10 | 10,458 | ||||||||
| New York (City of), NY, Series 2017 1, GO Bonds |
5.00% | 08/01/2029 | 75 | 77,840 | ||||||||
| New York (City of), NY, Series 2017 1, GO Bonds |
5.00% | 08/01/2030 | 165 | 171,001 | ||||||||
| New York (City of), NY, Series 2017 1, GO Bonds |
5.00% | 08/01/2032 | 55 | 56,797 | ||||||||
| New York (City of), NY, Series 2017 1, GO Bonds |
5.00% | 08/01/2033 | 10 | 10,307 | ||||||||
| New York (City of), NY, Series 2017 A, Ref. GO Bonds |
5.00% | 08/01/2027 | 270 | 282,362 | ||||||||
| New York (City of), NY, Series 2017 B-1, GO Bonds |
5.25% | 10/01/2030 | 130 | 135,779 | ||||||||
| New York (City of), NY, Series 2017 B-1, GO Bonds |
5.25% | 10/01/2032 | 120 | 124,862 | ||||||||
| New York (City of), NY, Series 2017 B-1, GO Bonds |
5.00% | 10/01/2036 | 385 | 394,644 | ||||||||
| New York (City of), NY, Series 2017 B-1, GO Bonds |
5.00% | 10/01/2037 | 370 | 378,205 | ||||||||
| New York (City of), NY, Series 2017 B-1, GO Bonds |
5.00% | 10/01/2039 | 35 | 35,585 | ||||||||
| New York (City of), NY, Series 2017 C, Ref. GO Bonds |
5.00% | 08/01/2027 | 30 | 31,374 | ||||||||
| New York (City of), NY, Series 2017 C, Ref. GO Bonds |
5.00% | 08/01/2028 | 250 | 257,632 | ||||||||
| New York (City of), NY, Series 2017, GO Bonds |
5.00% | 08/01/2031 | 65 | 67,235 | ||||||||
| New York (City of), NY, Series 2019 E, Ref. GO Bonds |
5.00% | 08/01/2027 | 35 | 36,602 | ||||||||
| New York (City of), NY, Series 2020 A-1, Ref. GO Bonds |
5.00% | 08/01/2027 | 505 | 528,121 | ||||||||
| New York (City of), NY, Series 2020 C, GO Bonds |
5.00% | 08/01/2027 | 300 | 313,735 | ||||||||
| New York (City of), NY, Series 2020 C-1, Ref. GO Bonds |
5.00% | 08/01/2027 | 50 | 52,289 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| New York-(continued) |
||||||||||||
| New York (City of), NY, Series 2021 F-1, GO Bonds |
5.00% | 03/01/2027 | $ | 450 | $ | 466,994 | ||||||
| New York (City of), NY, Series 2022 A-1, GO Bonds |
5.00% | 09/01/2027 | 50 | 52,373 | ||||||||
| New York (City of), NY, Series 2022 B-1, Ref. GO Bonds |
5.00% | 08/01/2027 | 105 | 109,807 | ||||||||
| New York (City of), NY, Series 2023 C, Ref. GO Bonds |
5.00% | 08/01/2027 | 5 | 5,229 | ||||||||
| New York (City of), NY, Series 2024 A, GO Bonds |
5.00% | 08/01/2027 | 5 | 5,229 | ||||||||
| New York (City of), NY, Series 2024 C, GO Bonds. |
5.00% | 03/01/2027 | 500 | 518,882 | ||||||||
| New York (City of), NY, Series 2024 C-1, GO Bonds |
5.00% | 09/01/2027 | 50 | 52,373 | ||||||||
| New York (City of), NY, Subseries 2022 B-1, GO Bonds |
5.00% | 10/01/2027 | 25 | 26,228 | ||||||||
| New York (City of), NY, Subseries 2023 F-1, GO Bonds |
5.00% | 08/01/2027 | 85 | 88,892 | ||||||||
| New York (City of), NY Industrial Development Agency, Series 2018, Ref. RB |
5.00% | 06/15/2038 | 15 | 15,384 | ||||||||
| New York (City of), NY Industrial Development Agency (Queens Baseball Stadium), Series 2021, Ref. RB, (INS - AGI)(c) |
5.00% | 01/01/2027 | 15 | 15,433 | ||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2017 BB-1, RB |
5.00% | 06/15/2046 | 420 | 424,432 | ||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2017 EE, Ref. RB |
5.00% | 06/15/2033 | 30 | 30,989 | ||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2017 EE, Ref. RB |
5.25% | 06/15/2033 | 20 | 20,757 | ||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2017 EE, Ref. RB |
5.00% | 06/15/2036 | 90 | 92,505 | ||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2017 EE, Ref. RB |
5.00% | 06/15/2037 | 115 | 117,842 | ||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2017 EE, Ref. RB |
4.00% | 06/15/2039 | 180 | 169,968 | ||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2017, RB |
4.00% | 06/15/2037 | 145 | 141,782 | ||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2017, Ref. RB |
5.00% | 06/15/2029 | 135 | 140,164 | ||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2017, Ref. RB |
5.00% | 06/15/2032 | 5 | 5,171 | ||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2017, Ref. RB |
5.00% | 06/15/2037 | 205 | 210,066 | ||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2017, Ref. RB |
5.00% | 06/15/2038 | 10 | 10,208 | ||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2018 BB-2, Ref. RB |
5.00% | 06/15/2030 | 15 | 15,558 | ||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2018 BB-2, Ref. RB |
5.00% | 06/15/2031 | 5 | 5,180 | ||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2018 DD, Ref. RB |
5.00% | 06/15/2032 | 35 | 36,464 | ||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2018 DD-2, Ref. RB |
5.00% | 06/15/2040 | 1,000 | 1,018,997 | ||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2018 EE, Ref. RB |
5.00% | 06/15/2040 | 450 | 458,548 | ||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2019, Ref. RB |
5.00% | 06/15/2027 | 270 | 282,220 | ||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2020 GG, RB |
5.00% | 06/15/2029 | 5 | 5,230 | ||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2020, Ref. RB |
5.00% | 06/15/2027 | 305 | 318,804 | ||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2022 AA-2, Ref. RB |
5.00% | 06/15/2029 | 15 | 15,691 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017 A-2, RB |
5.00% | 08/01/2033 | 5 | 5,136 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017 A-2, RB |
5.00% | 08/01/2034 | 5 | 5,125 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017 A-2, RB |
5.00% | 08/01/2035 | 25 | 25,567 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017 A-2, RB |
5.00% | 08/01/2037 | 120 | 122,114 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017 A-2, RB |
5.00% | 08/01/2039 | 150 | 151,882 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017 A-3, RB |
5.00% | 08/01/2040 | 250 | 253,062 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017 A-3, RB |
5.00% | 08/01/2041 | 255 | 257,540 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017 A-E-1, RB |
5.00% | 02/01/2038 | 15 | 15,176 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017 A-E-1, RB |
5.00% | 02/01/2039 | 1,015 | 1,025,051 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017 B-1, RB |
5.00% | 08/01/2030 | 160 | 165,452 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017 B-1, RB |
5.00% | 08/01/2032 | 290 | 298,894 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017 B-1, RB |
5.00% | 08/01/2034 | 365 | 374,091 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017 B-1, RB |
4.00% | 08/01/2035 | 85 | 85,074 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017 B-1, RB |
4.00% | 08/01/2037 | 40 | 39,702 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017 B-1, RB |
5.00% | 08/01/2045 | 35 | 35,174 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017 C, Ref. RB |
5.00% | 11/01/2027 | 35 | 36,219 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017 C, Ref. RB |
5.00% | 11/01/2028 | 140 | 144,676 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017 C, Ref. RB |
5.00% | 11/01/2031 | 65 | 66,898 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017 C, Ref. RB |
5.00% | 11/01/2033 | 175 | 179,245 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017 C, Ref. RB |
4.00% | 11/01/2034 | 30 | 30,097 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017 E-1, RB |
5.00% | 02/01/2030 | 80 | 82,170 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017 E-1, RB |
3.50% | 02/01/2038 | 45 | 40,833 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017 E-1, RB |
5.00% | 02/01/2043 | 275 | 276,506 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017 F-1, RB |
5.00% | 05/01/2031 | 240 | 247,111 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017 F-1, RB |
5.00% | 05/01/2036 | 110 | 112,076 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017 F-1, RB |
4.00% | 05/01/2037 | 360 | 358,996 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017 F-1, RB |
5.00% | 05/01/2042 | 305 | 307,285 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017 F-1, Ref. RB |
5.00% | 05/01/2030 | 55 | 56,702 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| New York-(continued) |
||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017 F-1, Ref. RB |
5.00% | 05/01/2032 | $ | 5 | $ | 5,139 | ||||||
| New York (City of), NY Transitional Finance Authority, Series 2017 S-1, Ref. RB |
5.00% | 07/15/2027 | 65 | 67,973 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017 S-1, Ref. RB |
5.00% | 07/15/2029 | 30 | 31,180 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017 S-1, Ref. RB |
5.00% | 07/15/2030 | 185 | 191,850 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017 S-1, Ref. RB |
5.00% | 07/15/2032 | 120 | 124,121 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017 S-1, Ref. RB |
5.00% | 07/15/2035 | 55 | 56,612 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017, RB |
5.00% | 11/01/2027 | 95 | 99,825 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017, RB |
5.00% | 02/01/2031 | 50 | 51,296 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017, RB |
5.00% | 02/01/2032 | 625 | 640,233 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017, RB |
5.00% | 02/01/2033 | 5 | 5,107 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017, RB |
5.00% | 02/01/2034 | 15 | 15,293 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017, RB |
5.00% | 02/01/2036 | 100 | 101,630 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017, RB |
5.00% | 02/01/2037 | 25 | 25,349 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017, Ref. RB |
5.00% | 11/01/2029 | 70 | 72,240 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017, Ref. RB |
5.00% | 11/01/2032 | 40 | 41,097 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2018 S-1, Ref. RB |
5.00% | 07/15/2031 | 15 | 15,540 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2018 S-1, Ref. RB |
4.00% | 07/15/2036 | 145 | 142,690 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2018 S-2A, Ref. RB |
5.00% | 07/15/2027 | 25 | 26,143 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2018 S-4A, Ref. RB |
5.00% | 07/15/2027 | 80 | 83,659 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2018-1, RB |
5.00% | 11/01/2029 | 10 | 10,393 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2020, Ref. RB |
5.00% | 11/01/2027 | 515 | 541,157 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2021 A-1, Ref. RB |
5.00% | 11/01/2027 | 300 | 315,237 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2021 F-1, Ref. RB |
5.00% | 11/01/2027 | 75 | 78,809 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022 B-1, Ref. RB |
5.00% | 11/01/2027 | 635 | 667,252 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023 A, RB |
5.00% | 05/01/2027 | 35 | 36,434 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023 E-1, Ref. RB |
5.00% | 11/01/2027 | 40 | 42,032 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2024 D, RB |
5.00% | 05/01/2027 | 10 | 10,410 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2024 D-1, Ref. RB |
5.00% | 11/01/2027 | 50 | 52,540 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2024, Ref. RB |
5.00% | 11/01/2027 | 25 | 26,270 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2025 E, RB |
5.00% | 11/01/2027 | 5 | 5,254 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2025 H, RB |
5.00% | 11/01/2027 | 5 | 5,254 | ||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 1998 A-2, RB |
5.00% | 11/01/2027 | 285 | 299,475 | ||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2017 B-1, RB |
5.00% | 08/01/2031 | 25 | 25,815 | ||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2017 B-1, RB |
5.00% | 08/01/2033 | 40 | 41,090 | ||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2017 F-1, RB. |
5.00% | 05/01/2038 | 70 | 70,953 | ||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2018 S-3, Ref. RB |
5.00% | 07/15/2027 | 115 | 120,260 | ||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2022 S-1A, Ref. RB |
5.00% | 07/15/2027 | 20 | 20,915 | ||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2022-1, RB |
5.00% | 11/01/2027 | 145 | 152,365 | ||||||||
| New York (City of), NY Trust for Cultural Resources (Museum of Modern Arts (The)), Series 2016, Ref. RB |
4.00% | 04/01/2027 | 35 | 35,616 | ||||||||
| New York (State of) Dormitory Authority, Series 2005 B, Ref. RB, (INS - AMBAC)(c) |
5.50% | 03/15/2027 | 5 | 5,241 | ||||||||
| New York (State of) Dormitory Authority, Series 2015 A, Ref. RB |
2.80% | 07/01/2027 | 325 | 324,338 | ||||||||
| New York (State of) Dormitory Authority, Series 2016 A, RB |
5.00% | 07/01/2027 | 35 | 35,745 | ||||||||
| New York (State of) Dormitory Authority, Series 2017 A, RB(a)(b) |
5.00% | 03/15/2027 | 85 | 88,522 | ||||||||
| New York (State of) Dormitory Authority, Series 2017 A, RB(a) |
5.00% | 03/15/2027 | 85 | 88,522 | ||||||||
| New York (State of) Dormitory Authority, Series 2017 A, RB(a)(b) |
5.00% | 03/15/2027 | 45 | 46,864 | ||||||||
| New York (State of) Dormitory Authority, Series 2017 A, RB |
5.00% | 10/01/2027 | 95 | 99,908 | ||||||||
| New York (State of) Dormitory Authority, Series 2017 A, RB |
5.00% | 03/15/2030 | 25 | 25,813 | ||||||||
| New York (State of) Dormitory Authority, Series 2017 A, RB |
5.00% | 03/15/2031 | 25 | 25,790 | ||||||||
| New York (State of) Dormitory Authority, Series 2017 A, RB |
5.00% | 03/15/2033 | 20 | 20,576 | ||||||||
| New York (State of) Dormitory Authority, Series 2017 A, RB |
5.00% | 03/15/2035 | 50 | 51,274 | ||||||||
| New York (State of) Dormitory Authority, Series 2017 A, RB |
5.00% | 03/15/2037 | 10 | 10,209 | ||||||||
| New York (State of) Dormitory Authority, Series 2017 A, RB |
5.00% | 03/15/2038 | 90 | 91,641 | ||||||||
| New York (State of) Dormitory Authority, Series 2017 A, RB |
5.00% | 03/15/2039 | 35 | 35,561 | ||||||||
| New York (State of) Dormitory Authority, Series 2017 A, RB |
5.00% | 03/15/2040 | 125 | 126,695 | ||||||||
| New York (State of) Dormitory Authority, Series 2017 A, RB |
5.00% | 03/15/2041 | 700 | 708,105 | ||||||||
| New York (State of) Dormitory Authority, Series 2017 A, Ref. RB(a)(b) |
5.00% | 02/15/2027 | 185 | 192,294 | ||||||||
| New York (State of) Dormitory Authority, Series 2017 A, Ref. RB(a)(b) |
5.00% | 02/15/2027 | 145 | 150,717 | ||||||||
| New York (State of) Dormitory Authority, Series 2017 A, Ref. RB |
5.00% | 07/01/2027 | 20 | 20,882 | ||||||||
| New York (State of) Dormitory Authority, Series 2017 A, Ref. RB |
5.00% | 07/01/2027 | 35 | 36,573 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| New York-(continued) |
||||||||||||
| New York (State of) Dormitory Authority, Series 2017 A, Ref. RB |
5.00% | 07/01/2029 | $ | 75 | $ | 78,060 | ||||||
| New York (State of) Dormitory Authority, Series 2017 A, Ref. RB |
5.00% | 07/01/2029 | 5 | 5,182 | ||||||||
| New York (State of) Dormitory Authority, Series 2017 A, Ref. RB |
5.00% | 07/01/2030 | 50 | 51,997 | ||||||||
| New York (State of) Dormitory Authority, Series 2017 A, Ref. RB |
5.00% | 02/15/2032 | 370 | 379,721 | ||||||||
| New York (State of) Dormitory Authority, Series 2017 A, Ref. RB |
5.00% | 07/01/2032 | 75 | 77,814 | ||||||||
| New York (State of) Dormitory Authority, Series 2017 A, Ref. RB |
5.00% | 07/01/2033 | 245 | 253,720 | ||||||||
| New York (State of) Dormitory Authority, Series 2017 A, Ref. RB |
5.00% | 02/15/2037 | 70 | 71,315 | ||||||||
| New York (State of) Dormitory Authority, Series 2017 A, Ref. RB |
4.00% | 07/01/2037 | 210 | 206,017 | ||||||||
| New York (State of) Dormitory Authority, Series 2017 A, Ref. RB |
5.00% | 02/15/2038 | 230 | 233,942 | ||||||||
| New York (State of) Dormitory Authority, Series 2017 B, Ref. RB(a) |
5.00% | 02/15/2027 | 60 | 62,366 | ||||||||
| New York (State of) Dormitory Authority, Series 2017 B, Ref. RB(a)(b) |
5.00% | 08/15/2027 | 80 | 84,094 | ||||||||
| New York (State of) Dormitory Authority, Series 2017 B, Ref. RB(a)(b) |
5.00% | 08/15/2027 | 10 | 10,512 | ||||||||
| New York (State of) Dormitory Authority, Series 2017 B, Ref. RB |
5.00% | 02/15/2030 | 65 | 67,475 | ||||||||
| New York (State of) Dormitory Authority, Series 2017 B, Ref. RB |
5.00% | 02/15/2031 | 65 | 67,334 | ||||||||
| New York (State of) Dormitory Authority, Series 2017 B, Ref. RB |
5.00% | 02/15/2032 | 115 | 118,882 | ||||||||
| New York (State of) Dormitory Authority, Series 2017 B, Ref. RB |
5.00% | 02/15/2033 | 40 | 41,307 | ||||||||
| New York (State of) Dormitory Authority, Series 2017 B, Ref. RB |
5.00% | 02/15/2034 | 25 | 25,763 | ||||||||
| New York (State of) Dormitory Authority, Series 2017 B, Ref. RB |
5.00% | 02/15/2035 | 100 | 102,840 | ||||||||
| New York (State of) Dormitory Authority, Series 2017 B, Ref. RB |
5.00% | 02/15/2037 | 195 | 199,706 | ||||||||
| New York (State of) Dormitory Authority, Series 2017 B, Ref. RB |
5.00% | 02/15/2041 | 150 | 152,351 | ||||||||
| New York (State of) Dormitory Authority, Series 2017, Ref. RB(a) |
5.00% | 02/15/2027 | 60 | 62,366 | ||||||||
| New York (State of) Dormitory Authority, Series 2017, Ref. RB |
5.00% | 02/15/2030 | 25 | 25,741 | ||||||||
| New York (State of) Dormitory Authority, Series 2017, Ref. RB |
5.00% | 02/15/2031 | 55 | 56,537 | ||||||||
| New York (State of) Dormitory Authority, Series 2017, Ref. RB |
4.00% | 02/15/2034 | 110 | 110,161 | ||||||||
| New York (State of) Dormitory Authority, Series 2017, Ref. RB |
4.00% | 02/15/2035 | 150 | 150,044 | ||||||||
| New York (State of) Dormitory Authority, Series 2017, Ref. RB |
4.00% | 02/15/2036 | 10 | 9,948 | ||||||||
| New York (State of) Dormitory Authority, Series 2017, Ref. RB |
5.00% | 02/15/2036 | 60 | 61,227 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 1, Ref. RB |
5.00% | 01/15/2027 | 35 | 36,295 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 A, RB |
5.00% | 10/01/2027 | 1,000 | 1,023,776 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 A, Ref. RB(a) |
5.00% | 03/15/2027 | 10 | 10,414 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 E, Ref. RB(a) |
5.00% | 03/15/2027 | 70 | 72,900 | ||||||||
| New York (State of) Dormitory Authority, Series 2019 A, RB |
5.00% | 10/01/2027 | 215 | 224,817 | ||||||||
| New York (State of) Dormitory Authority, Series 2019 A, RB |
5.00% | 10/01/2030 | 20 | 20,784 | ||||||||
| New York (State of) Dormitory Authority, Series 2019 A, RB |
5.00% | 10/01/2033 | 250 | 257,211 | ||||||||
| New York (State of) Dormitory Authority, Series 2019 A, RB |
5.00% | 10/01/2034 | 220 | 225,600 | ||||||||
| New York (State of) Dormitory Authority, Series 2019 A, Ref. RB(a) |
5.00% | 03/15/2027 | 195 | 203,079 | ||||||||
| New York (State of) Dormitory Authority, Series 2020, RB, (INS - AGI)(c) |
5.00% | 10/01/2027 | 65 | 68,103 | ||||||||
| New York (State of) Dormitory Authority, Series 2021 A, Ref. RB, (INS - AGI)(c) |
5.00% | 10/01/2027 | 70 | 73,341 | ||||||||
| New York (State of) Dormitory Authority, Series 2022 A, RB, (INS - BAM)(c) |
5.00% | 10/01/2027 | 165 | 172,876 | ||||||||
| New York (State of) Dormitory Authority, Series 2022 A, Ref. RB(a) |
5.00% | 03/15/2027 | 5 | 5,207 | ||||||||
| New York (State of) Dormitory Authority, Series 2023 A, RB, (INS - AGI)(c) |
5.00% | 10/01/2027 | 10 | 10,477 | ||||||||
| New York (State of) Dormitory Authority, Series 2024 A, Ref. RB |
5.00% | 03/15/2027 | 30 | 31,186 | ||||||||
| New York (State of) Dormitory Authority (Bidding Group 2), Series 2018 C, Ref. RB(a) |
5.00% | 03/15/2027 | 65 | 67,693 | ||||||||
| New York (State of) Dormitory Authority (Bidding Group 3), Series 2017 B, Ref. RB |
5.00% | 02/15/2038 | 5 | 5,110 | ||||||||
| New York (State of) Dormitory Authority (Bidding Group 3), Series 2017 B, Ref. RB |
5.00% | 02/15/2042 | 290 | 293,937 | ||||||||
| New York (State of) Dormitory Authority (Memorial Sloan Kettering Cancer), Series 2017, Ref. RB |
5.00% | 07/01/2027 | 40 | 41,831 | ||||||||
| New York (State of) Dormitory Authority (Montefiore Obligated Group), Series 2018 A, Ref. RB |
5.00% | 08/01/2027 | 85 | 87,055 | ||||||||
| New York (State of) Dormitory Authority (New School (The)), Series 2016 A, Ref. RB |
5.00% | 07/01/2041 | 200 | 199,129 | ||||||||
| New York (State of) Dormitory Authority (New School (The)), Series 2016 A, Ref. RB |
5.00% | 07/01/2046 | 100 | 97,300 | ||||||||
| New York (State of) Dormitory Authority (New York University), Series 1998 A, RB, (INS - NATL)(c) |
5.75% | 07/01/2027 | 70 | 72,173 | ||||||||
| New York (State of) Dormitory Authority (New York University), Series 2017 A, Ref. RB |
5.00% | 07/01/2034 | 25 | 25,848 | ||||||||
| New York (State of) Dormitory Authority (New York University), Series 2017 A, Ref. RB |
4.00% | 07/01/2036 | 775 | 767,108 | ||||||||
| New York (State of) Dormitory Authority (New York University), Series 2017 A, Ref. RB |
5.00% | 07/01/2042 | 600 | 602,695 | ||||||||
| New York (State of) Dormitory Authority (New York University), Series 2019 A, RB |
5.00% | 07/01/2027 | 55 | 57,427 | ||||||||
| New York (State of) Dormitory Authority (Northwell Health Obligated Group), Series 2025, Ref. RB |
5.00% | 05/01/2027 | 20 | 20,691 | ||||||||
| New York (State of) Dormitory Authority (St. John’s University), Series 2017, Ref. RB |
5.00% | 07/01/2027 | 25 | 25,995 | ||||||||
| New York (State of) Power Authority (Green Transmission), Series 2022, RB, (INS - AGI)(c) |
5.00% | 11/15/2027 | 10 | 10,577 | ||||||||
| New York (State of) Thruway Authority, Series 2018 L, Ref. RB |
5.00% | 01/01/2027 | 55 | 56,951 | ||||||||
| New York (State of) Thruway Authority, Series 2024 P, Ref. RB |
5.00% | 01/01/2027 | 255 | 264,044 | ||||||||
| New York (State of) Utility Debt Securitization Authority, Series 2017, RB |
5.00% | 12/15/2039 | 260 | 264,891 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| New York-(continued) |
||||||||||||
| New York (State of) Utility Debt Securitization Authority, Series 2017, RB |
5.00% | 12/15/2041 | $ | 1,000 | $ | 1,013,121 | ||||||
| New York City Health and Hospitals Corp., Series 2021 A, Ref. RB |
5.00% | 02/15/2027 | 15 | 15,552 | ||||||||
| New York City Transitional Finance Authority Future Tax Secured Revenue, Series 2017 B-1, RB |
5.00% | 08/01/2029 | 20 | 20,716 | ||||||||
| New York City Transitional Finance Authority Future Tax Secured Revenue, Series 2017 B-1, RB |
4.00% | 08/01/2038 | 500 | 487,491 | ||||||||
| New York City Transitional Finance Authority Future Tax Secured Revenue, Series 2022, RB |
5.00% | 11/01/2027 | 55 | 57,793 | ||||||||
| New York State Environmental Facilities Corp. (New York City Municipal Water Finance Authority Projects - 2nd Resolution Bonds), Series 2017 E, RB |
5.00% | 06/15/2042 | 145 | 146,489 | ||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2016, Ref. RB |
5.00% | 06/15/2027 | 25 | 25,558 | ||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2017, Ref. RB |
5.00% | 06/15/2027 | 35 | 36,619 | ||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2017, Ref. RB |
5.00% | 06/15/2029 | 15 | 15,604 | ||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2017, Ref. RB |
5.00% | 06/15/2031 | 230 | 238,744 | ||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2017, Ref. RB |
5.00% | 06/15/2032 | 15 | 15,541 | ||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2017, Ref. RB |
5.00% | 06/15/2033 | 25 | 25,844 | ||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2017, Ref. RB |
5.00% | 06/15/2034 | 145 | 149,598 | ||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2017, Ref. RB |
5.00% | 06/15/2035 | 90 | 92,683 | ||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2017, Ref. RB |
5.00% | 06/15/2042 | 80 | 80,853 | ||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2021, RB |
5.00% | 06/15/2027 | 55 | 57,545 | ||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2022, Ref. RB |
5.00% | 06/15/2027 | 15 | 15,694 | ||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2023, Ref. RB |
5.00% | 06/15/2027 | 60 | 62,776 | ||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2024, Ref. RB |
5.00% | 06/15/2027 | 15 | 15,694 | ||||||||
| New York State Urban Development Corp., Series 2017 A, Ref. RB |
5.00% | 03/15/2030 | 200 | 205,833 | ||||||||
| New York State Urban Development Corp., Series 2017 A, Ref. RB |
5.00% | 03/15/2032 | 200 | 205,210 | ||||||||
| New York State Urban Development Corp., Series 2017 A, Ref. RB |
5.00% | 03/15/2033 | 450 | 460,914 | ||||||||
| New York State Urban Development Corp., Series 2017 A-G, Ref. RB |
5.00% | 03/15/2034 | 10 | 10,226 | ||||||||
| New York State Urban Development Corp., Series 2017 A-G, Ref. RB |
5.00% | 03/15/2035 | 15 | 15,312 | ||||||||
| New York State Urban Development Corp., Series 2017 A-G, Ref. RB |
5.00% | 03/15/2038 | 15 | 15,191 | ||||||||
| New York State Urban Development Corp., Series 2017 C, Ref. RB(a) |
5.00% | 03/15/2027 | 20 | 20,811 | ||||||||
| New York State Urban Development Corp., Series 2017 C, Ref. RB |
5.00% | 03/15/2031 | 35 | 36,217 | ||||||||
| New York State Urban Development Corp., Series 2017 C, Ref. RB |
5.00% | 03/15/2032 | 5 | 5,164 | ||||||||
| New York State Urban Development Corp., Series 2017 C, Ref. RB |
5.00% | 03/15/2034 | 35 | 36,005 | ||||||||
| New York State Urban Development Corp., Series 2017 C, Ref. RB |
5.00% | 03/15/2037 | 90 | 91,756 | ||||||||
| New York State Urban Development Corp., Series 2017 C, Ref. RB |
5.00% | 03/15/2038 | 25 | 25,398 | ||||||||
| New York State Urban Development Corp., Series 2017 C, Ref. RB |
5.00% | 03/15/2040 | 150 | 151,600 | ||||||||
| New York State Urban Development Corp., Series 2017 C, Ref. RB |
5.00% | 03/15/2042 | 25 | 25,182 | ||||||||
| New York State Urban Development Corp., Series 2017 C-2, Ref. RB |
5.00% | 03/15/2035 | 280 | 287,317 | ||||||||
| New York State Urban Development Corp., Series 2017 C-2, Ref. RB |
5.00% | 03/15/2036 | 40 | 40,916 | ||||||||
| New York State Urban Development Corp., Series 2017 C-3, Ref. RB |
5.00% | 03/15/2041 | 180 | 181,511 | ||||||||
| New York State Urban Development Corp., Series 2017, Ref. RB(a)(b) |
5.00% | 03/15/2027 | 80 | 83,243 | ||||||||
| New York State Urban Development Corp., Series 2017, Ref. RB(a)(b) |
5.00% | 03/15/2027 | 80 | 83,243 | ||||||||
| New York State Urban Development Corp., Series 2020, Ref. RB |
5.00% | 03/15/2027 | 5 | 5,198 | ||||||||
| New York State Urban Development Corp., Series 2022, Ref. RB(a) |
5.00% | 09/15/2027 | 90 | 94,669 | ||||||||
| Suffolk (County of), NY, Series 2017 D, Ref. GO Bonds, (INS - BAM)(c) |
4.00% | 10/15/2027 | 105 | 108,312 | ||||||||
| Triborough Bridge & Tunnel Authority, Series 2008 B-2, RB |
5.00% | 11/15/2027 | 110 | 115,860 | ||||||||
| Triborough Bridge & Tunnel Authority, Series 2017 A, RB |
5.00% | 11/15/2027 | 20 | 20,822 | ||||||||
| Triborough Bridge & Tunnel Authority, Series 2017 A, RB |
5.00% | 11/15/2047 | 465 | 465,007 | ||||||||
| Triborough Bridge & Tunnel Authority, Series 2017 B, Ref. RB |
5.00% | 11/15/2027 | 30 | 31,233 | ||||||||
| Triborough Bridge & Tunnel Authority, Series 2017 B, Ref. RB |
5.00% | 11/15/2029 | 100 | 103,775 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| New York-(continued) |
||||||||||||||||
| Triborough Bridge & Tunnel Authority, Series 2017 B, Ref. RB |
5.00% | 11/15/2030 | $ | 215 | $ | 222,509 | ||||||||||
| Triborough Bridge & Tunnel Authority, Series 2017 B, Ref. RB |
5.00% | 11/15/2031 | 240 | 247,861 | ||||||||||||
| Triborough Bridge & Tunnel Authority, Series 2017 B, Ref. RB |
5.00% | 11/15/2032 | 595 | 613,227 | ||||||||||||
| Triborough Bridge & Tunnel Authority, Series 2017 B, Ref. RB |
5.00% | 11/15/2033 | 195 | 200,587 | ||||||||||||
| Triborough Bridge & Tunnel Authority, Series 2017 B, Ref. RB |
5.00% | 11/15/2034 | 190 | 195,048 | ||||||||||||
| Triborough Bridge & Tunnel Authority, Series 2017 B, Ref. RB |
5.00% | 11/15/2035 | 55 | 56,282 | ||||||||||||
| Triborough Bridge & Tunnel Authority, Series 2017 B, Ref. RB |
5.00% | 11/15/2036 | 515 | 525,617 | ||||||||||||
| Triborough Bridge & Tunnel Authority, Series 2017 B, Ref. RB |
5.00% | 11/15/2037 | 180 | 183,023 | ||||||||||||
| Triborough Bridge & Tunnel Authority, Series 2017 B, Ref. RB |
5.00% | 11/15/2038 | 220 | 222,736 | ||||||||||||
| Triborough Bridge & Tunnel Authority, Series 2018 B, Ref. RB |
5.00% | 11/15/2027 | 80 | 84,262 | ||||||||||||
| Triborough Bridge & Tunnel Authority, Subseries 2023 B-2, Ref. RB |
5.00% | 11/15/2027 | 5 | 5,266 | ||||||||||||
| Triborough Bridge & Tunnel Authority (Green Bonds), Series 2022 E-1, Ref. RB |
5.00% | 11/15/2027 | 125 | 130,879 | ||||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2017 C-2, RB |
5.00% | 11/15/2042 | 300 | 301,398 | ||||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2017, Ref. RB |
5.00% | 11/15/2027 | 55 | 57,930 | ||||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2022, RB |
5.00% | 05/15/2027 | 455 | 475,103 | ||||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2023, Ref. RB |
5.00% | 11/15/2027 | 5 | 5,266 | ||||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels) (Green Bonds), Series 2023, Ref. RB |
5.00% | 11/15/2027 | 45 | 47,386 | ||||||||||||
| Westchester (County of), NY, Series 2017 A, GO Bonds |
4.00% | 07/01/2029 | 5 | 5,126 | ||||||||||||
| Westchester (County of), NY, Series 2018 A, GO Bonds |
4.00% | 12/01/2027 | 15 | 15,325 | ||||||||||||
|
|
|
|||||||||||||||
| 44,671,356 | ||||||||||||||||
|
|
|
|||||||||||||||
| North Carolina-0.90% |
||||||||||||||||
| Charlotte (City of), NC, Series 2023 B, Ref. GO Bonds |
5.00% | 07/01/2027 | 500 | 523,094 | ||||||||||||
| Charlotte (City of), NC (Charlotte Douglas International Airport), Series 2017 A, RB |
5.00% | 07/01/2047 | 50 | 50,060 | ||||||||||||
| Charlotte-Mecklenburg Hospital Authority (The) (Atrium Health), Series 2022 A, Ref. RB |
5.00% | 01/15/2027 | 100 | 103,218 | ||||||||||||
| Guilford (County of), NC, Series 2017, Ref. GO Bonds |
5.00% | 03/01/2027 | 45 | 46,746 | ||||||||||||
| Mecklenburg (County of), NC, Series 2017 A, GO Bonds |
4.00% | 04/01/2029 | 40 | 40,398 | ||||||||||||
| Mecklenburg (County of), NC, Series 2022, GO Bonds |
5.00% | 09/01/2027 | 5 | 5,250 | ||||||||||||
| North Carolina (State of), Series 2016 A, Ref. GO Bonds |
5.00% | 06/01/2027 | 80 | 81,759 | ||||||||||||
| North Carolina (State of), Series 2017 B, Ref. RB |
5.00% | 05/01/2027 | 230 | 239,643 | ||||||||||||
| North Carolina (State of), Series 2017 B, Ref. RB |
5.00% | 05/01/2029 | 530 | 550,288 | ||||||||||||
| North Carolina (State of), Series 2018 A, GO Bonds |
5.00% | 06/01/2027 | 85 | 88,795 | ||||||||||||
| North Carolina (State of), Series 2019 B, GO Bonds |
5.00% | 06/01/2027 | 15 | 15,670 | ||||||||||||
| North Carolina (State of), Series 2020 A, GO Bonds |
5.00% | 06/01/2027 | 25 | 26,116 | ||||||||||||
| North Carolina (State of) (Build North Carolina Programs), Series 2019 A, RB |
5.00% | 05/01/2027 | 70 | 72,935 | ||||||||||||
| North Carolina (State of) (Build North Carolina Programs), Series 2020 B, RB |
5.00% | 05/01/2027 | 165 | 171,917 | ||||||||||||
| North Carolina (State of) (Build North Carolina Programs), Series 2022 A, RB |
5.00% | 05/01/2027 | 65 | 67,725 | ||||||||||||
| North Carolina (State of) Medical Care Commission (Duke University Health system), Series 2016, Ref. RB |
5.00% | 06/01/2027 | 45 | 46,804 | ||||||||||||
| North Carolina (State of) Municipal Power Agency No. 1 (Catawba), Series 2015 A, Ref. RB |
5.00% | 01/01/2027 | 20 | 20,209 | ||||||||||||
| North Carolina (State of) Municipal Power Agency No. 1 (Catawba), Series 2016 A, Ref. RB |
5.00% | 01/01/2027 | 35 | 35,677 | ||||||||||||
| Wake (County of), NC, Series 2021, RB |
5.00% | 03/01/2027 | 30 | 31,159 | ||||||||||||
| Wake (County of), NC, Series 2023 A, Ref. GO Bonds |
5.00% | 05/01/2027 | 80 | 83,430 | ||||||||||||
|
|
|
|||||||||||||||
| 2,300,893 | ||||||||||||||||
|
|
|
|||||||||||||||
| North Dakota-0.20% |
||||||||||||||||
| Cass County Joint Water Resource District, Series 2024 A, Ref. RB. |
3.45% | 04/01/2027 | 500 | 499,087 | ||||||||||||
|
|
|
|||||||||||||||
| Ohio-2.50% |
||||||||||||||||
| Allen (County of), OH, Series 2017 A, Ref. RB. |
5.00% | 08/01/2027 | 100 | 104,044 | ||||||||||||
| American Municipal Power, Inc. (Combined Hydroelectric), Series 2020, Ref. RB |
5.00% | 02/15/2027 | 60 | 62,024 | ||||||||||||
| Chillicothe (City of), OH (Adena Health System Obligated Group), Series 2017, Ref. RB |
5.00% | 12/01/2037 | 25 | 25,209 | ||||||||||||
| Chillicothe (City of), OH (Adena Health System Obligated Group), Series 2017, Ref. RB |
5.00% | 12/01/2047 | 100 | 97,446 | ||||||||||||
| Columbus (City of), OH, Series 2016-3, Ref. GO Bonds |
5.00% | 02/15/2027 | 85 | 88,212 | ||||||||||||
| Columbus (City of), OH, Series 2017 A, GO Bonds |
4.00% | 04/01/2027 | 20 | 20,460 | ||||||||||||
| Columbus (City of), OH, Series 2017 A, GO Bonds |
4.00% | 04/01/2029 | 5 | 5,081 | ||||||||||||
| Columbus (City of), OH, Series 2017 A, GO Bonds |
4.00% | 04/01/2033 | 130 | 131,255 | ||||||||||||
| Columbus (City of), OH, Series 2017, Ref. GO Bonds |
4.00% | 04/01/2030 | 20 | 20,397 | ||||||||||||
| Columbus (City of), OH, Series 2017-1, Ref. GO Bonds |
4.00% | 04/01/2027 | 30 | 30,690 | ||||||||||||
| Columbus (City of), OH, Series 2017-1, Ref. GO Bonds |
5.00% | 04/01/2029 | 90 | 93,498 | ||||||||||||
| Columbus (City of), OH, Series 2018 A, GO Bonds |
5.00% | 04/01/2027 | 120 | 124,889 | ||||||||||||
| Columbus (City of), OH, Series 2021 A, GO Bonds |
5.00% | 04/01/2027 | 15 | 15,611 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Ohio-(continued) |
||||||||||||||||
| Columbus (City of), OH, Series 2022 A, GO Bonds |
5.00% | 04/01/2027 | $ | 105 | $ | 109,277 | ||||||||||
| Columbus (City of), OH, Series 2023 A, GO Bonds |
5.00% | 08/15/2027 | 185 | 194,019 | ||||||||||||
| Cuyahoga (County of), OH (Convention Hotel), Series 2014, Ref. RB |
3.00% | 12/01/2027 | 160 | 160,013 | ||||||||||||
| Cuyahoga (County of), OH (Convention Hotel), Series 2024, Ref. COP |
5.00% | 12/01/2027 | 40 | 41,784 | ||||||||||||
| Cuyahoga (County of), OH (MetroHealth System), Series 2017, Ref. RB |
5.00% | 02/15/2052 | 500 | 458,731 | ||||||||||||
| Cuyahoga (County of), OH (MetroHealth System), Series 2017, Ref. RB |
5.50% | 02/15/2052 | 125 | 122,273 | ||||||||||||
| Cuyahoga (County of), OH (MetroHealth System), Series 2017, Ref. RB |
5.00% | 02/15/2057 | 50 | 46,100 | ||||||||||||
| Franklin (County of), OH (Trinity Health Credit Group), Series 2017 A, RB |
5.00% | 12/01/2047 | 530 | 526,898 | ||||||||||||
| Franklin (County of), OH (Trinity Health Credit Group), Series 2017, RB |
4.00% | 12/01/2046 | 145 | 126,928 | ||||||||||||
| Hamilton (County of), OH, Series 2016 A, Ref. RB |
5.00% | 12/01/2027 | 55 | 57,886 | ||||||||||||
| Hamilton (County of), OH (Trihealth, Inc. Obligated Group), Series 2017 A, RB |
4.25% | 08/15/2047 | 440 | 387,859 | ||||||||||||
| Ohio (State of), Series 2017 B, Ref. GO Bonds |
5.00% | 09/15/2027 | 90 | 94,565 | ||||||||||||
| Ohio (State of), Series 2017 C, Ref. GO Bonds |
5.00% | 08/01/2027 | 130 | 136,259 | ||||||||||||
| Ohio (State of), Series 2017 U, Ref. GO Bonds |
5.00% | 05/01/2027 | 125 | 130,145 | ||||||||||||
| Ohio (State of), Series 2019 A, GO Bonds(a)(b) |
5.00% | 05/01/2027 | 135 | 140,711 | ||||||||||||
| Ohio (State of), Series 2019 A, GO Bonds |
5.00% | 05/01/2031 | 45 | 46,555 | ||||||||||||
| Ohio (State of), Series 2019 A, GO Bonds |
5.00% | 05/01/2033 | 10 | 10,299 | ||||||||||||
| Ohio (State of), Series 2019 A, GO Bonds |
5.00% | 05/01/2038 | 10 | 10,189 | ||||||||||||
| Ohio (State of), Series 2019-1, RB |
5.00% | 12/15/2027 | 225 | 237,257 | ||||||||||||
| Ohio (State of), Series 2021, RB |
5.00% | 02/01/2027 | 10 | 10,337 | ||||||||||||
| Ohio (State of) (Cleveland Clinic Health System Obligated Group), Series 2017, Ref. RB |
5.00% | 01/01/2027 | 150 | 154,637 | ||||||||||||
| Ohio (State of) (Cleveland Clinic Health System Obligated Group), Series 2021, Ref. RB |
5.00% | 01/01/2027 | 15 | 15,464 | ||||||||||||
| Ohio (State of) (Garvee), Series 2018-1, RB |
5.00% | 12/15/2027 | 210 | 221,440 | ||||||||||||
| Ohio (State of) Higher Educational Facility Commission (Case Western Reserve University), Series 2018, Ref. RB |
5.00% | 12/01/2029 | 55 | 57,473 | ||||||||||||
| Ohio (State of) Higher Educational Facility Commission (Kenyon College), Series 2017, RB |
5.00% | 07/01/2042 | 500 | 503,106 | ||||||||||||
| Ohio (State of) Turnpike & Infrastructure Commission, Series 2010 A, Ref. RB |
5.25% | 02/15/2027 | 95 | 98,853 | ||||||||||||
| Ohio (State of) Turnpike & Infrastructure Commission, Series 2018, RB |
5.00% | 02/15/2027 | 80 | 82,874 | ||||||||||||
| Ohio (State of) Water Development Authority, Series 2019 A, RB |
5.00% | 06/01/2027 | 40 | 41,754 | ||||||||||||
| Ohio (State of) Water Development Authority, Series 2019 A, RB |
5.00% | 12/01/2027 | 90 | 94,878 | ||||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund), Series 2017 A, RB |
5.00% | 06/01/2027 | 350 | 365,347 | ||||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund), Series 2017 A, RB |
5.00% | 12/01/2027 | 90 | 93,164 | ||||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund), Series 2023 A, Ref. RB |
5.00% | 06/01/2027 | 75 | 78,289 | ||||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund), Series 2023 A, Ref. RB |
5.00% | 12/01/2027 | 40 | 42,208 | ||||||||||||
| Ohio State University (The), Series 2017 A, Ref. RB |
5.00% | 12/01/2044 | 240 | 243,003 | ||||||||||||
| Ohio State University (The), Series 2020 A, Ref. RB |
5.00% | 12/01/2027 | 100 | 105,420 | ||||||||||||
| University of Cincinnati, Series 2017 A, RB |
5.00% | 06/01/2045 | 280 | 280,976 | ||||||||||||
| Upper Arlington City School District, Series 2018 A, GO Bonds(a)(b) |
5.00% | 12/01/2027 | 15 | 15,828 | ||||||||||||
|
|
|
|||||||||||||||
| 6,361,615 | ||||||||||||||||
|
|
|
|||||||||||||||
| Oklahoma-0.53% |
||||||||||||||||
| Canadian (County of), OK Educational Facilities Authority (Mustang Public Schools), Series 2017, RB |
5.00% | 09/01/2027 | 80 | 81,411 | ||||||||||||
| Cleveland (County of), OK Educational Facilities Authority (Moore Public Schools), Series 2021, RB |
4.00% | 06/01/2027 | 100 | 101,751 | ||||||||||||
| Edmond Public Works Authority, Series 2017, RB |
5.00% | 07/01/2042 | 25 | 25,196 | ||||||||||||
| Edmond Public Works Authority, Series 2017, RB |
5.00% | 07/01/2047 | 10 | 10,039 | ||||||||||||
| Grand River Dam Authority, Series 2016 A, Ref. RB |
5.00% | 06/01/2027 | 115 | 118,242 | ||||||||||||
| Oklahoma (State of) Capitol Improvement Authority, Series 2024 A, Ref. RB |
5.00% | 07/01/2027 | 70 | 73,031 | ||||||||||||
| Oklahoma (State of) Industries Authority (Oklahoma City Public Schools), Series 2024, RB |
5.00% | 04/01/2027 | 100 | 103,493 | ||||||||||||
| Oklahoma (State of) Turnpike Authority, Second Series 2017 C, RB |
5.00% | 01/01/2047 | 20 | 20,155 | ||||||||||||
| Oklahoma (State of) Turnpike Authority, Series 2017 D, Ref. RB |
5.00% | 01/01/2027 | 35 | 36,192 | ||||||||||||
| Oklahoma (State of) Turnpike Authority, Series 2017 E, Ref. RB |
4.00% | 01/01/2029 | 80 | 80,827 | ||||||||||||
| Oklahoma (State of) Turnpike Authority, Series 2017 E, Ref. RB |
5.00% | 01/01/2029 | 45 | 46,388 | ||||||||||||
| Oklahoma (State of) Turnpike Authority, Series 2017, Ref. RB |
4.00% | 01/01/2031 | 25 | 25,183 | ||||||||||||
| Oklahoma (State of) Turnpike Authority, Series 2018 A, RB |
4.00% | 01/01/2039 | 365 | 354,357 | ||||||||||||
| Oklahoma (State of) Turnpike Authority, Series 2018 A, RB |
5.00% | 01/01/2040 | 5 | 5,065 | ||||||||||||
| Oklahoma (State of) Turnpike Authority, Series 2020 A, Ref. RB |
5.00% | 01/01/2027 | 70 | 72,383 | ||||||||||||
| Oklahoma County Independent School District No. 89, Series 2023 A, GO Bonds |
3.00% | 07/01/2027 | 20 | 20,031 | ||||||||||||
| Oklahoma County Independent School District No. 89, Series 2024 A, GO Bonds |
4.00% | 07/01/2027 | 55 | 56,177 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Oklahoma-(continued) |
||||||||||||||||
| Tulsa (City of), OK, Series 2024 D, GO Bonds |
4.00% | 10/01/2027 | $ | 10 | $ | 10,269 | ||||||||||
| Tulsa (County of), OK Industrial Authority (Broken Arrow Public Schools), Series 2019 A, RB |
5.00% | 09/01/2027 | 105 | 109,772 | ||||||||||||
|
|
|
|||||||||||||||
| 1,349,962 | ||||||||||||||||
|
|
|
|||||||||||||||
| Oregon-1.03% |
||||||||||||||||
| Clackamas County School District No. 12 North Clackamas, Series 2017 B, GO
Bonds, |
5.00% | 06/15/2033 | 25 | 25,715 | ||||||||||||
| Clackamas County School District No. 12 North Clackamas, Series 2017 B, GO
Bonds, |
5.00% | 06/15/2034 | 20 | 20,561 | ||||||||||||
| Clackamas County School District No. 12 North Clackamas, Series 2017 B, GO
Bonds, |
5.00% | 06/15/2037 | 145 | 148,319 | ||||||||||||
| Hillsboro School District No. 1J, Series 2017, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 06/15/2027 | 35 | 36,478 | ||||||||||||
| Hillsboro School District No. 1J, Series 2017, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 06/15/2032 | 80 | 82,640 | ||||||||||||
| Hillsboro School District No. 1J, Series 2017, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 06/15/2033 | 65 | 66,989 | ||||||||||||
| Hillsboro School District No. 1J, Series 2017, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 06/15/2034 | 70 | 72,045 | ||||||||||||
| Hillsboro School District No. 1J, Series 2017, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 06/15/2035 | 45 | 46,234 | ||||||||||||
| Hillsboro School District No. 1J, Series 2017, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 06/15/2036 | 60 | 61,539 | ||||||||||||
| Hillsboro School District No. 1J, Series 2017, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 06/15/2037 | 40 | 40,947 | ||||||||||||
| Hillsboro School District No. 1J, Series 2017, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 06/15/2038 | 40 | 40,876 | ||||||||||||
| Multnomah & Clackamas Counties School District No. 10JT Gresham-Barlow,
Series 2017 B, GO Bonds, |
5.00% | 06/15/2027 | 75 | 78,243 | ||||||||||||
| Multnomah & Clackamas Counties School District No. 10JT Gresham-Barlow,
Series 2017 B, GO Bonds, |
5.00% | 06/15/2029 | 100 | 103,380 | ||||||||||||
| Multnomah & Clackamas Counties School District No. 10JT Gresham-Barlow,
Series 2017 B, GO Bonds, |
5.00% | 06/15/2030 | 50 | 51,640 | ||||||||||||
| Multnomah & Clackamas Counties School District No. 10JT Gresham-Barlow,
Series 2017 B, GO Bonds, |
5.00% | 06/15/2031 | 105 | 108,318 | ||||||||||||
| Multnomah & Clackamas Counties School District No. 10JT Gresham-Barlow,
Series 2017 B, GO Bonds, |
5.00% | 06/15/2037 | 70 | 71,108 | ||||||||||||
| Multnomah (County of), OR, Series 2021 A, GO Bonds |
5.00% | 06/15/2027 | 85 | 88,761 | ||||||||||||
| Multnomah County School District No. 1, Series 2020, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 06/15/2027 | 100 | 104,243 | ||||||||||||
| Oregon (State of) (Article XI - Q State), Series 2023 A, GO Bonds |
5.00% | 05/01/2027 | 90 | 93,790 | ||||||||||||
| Oregon (State of) Department of Transportation, Series 2017 A, RB |
5.00% | 11/15/2027 | 40 | 41,543 | ||||||||||||
| Oregon (State of) Department of Transportation, Series 2017 B, Ref. RB |
5.00% | 11/15/2027 | 40 | 41,543 | ||||||||||||
| Oregon (State of) Department of Transportation, Series 2017 B, Ref. RB |
5.00% | 11/15/2028 | 30 | 31,140 | ||||||||||||
| Oregon (State of) Department of Transportation, Series 2017 B, Ref. RB |
5.00% | 11/15/2029 | 85 | 88,148 | ||||||||||||
| Oregon (State of) Facilities Authority (Reed College), Series 2017 A, Ref. RB(a)(b) |
4.00% | 07/01/2027 | 50 | 51,152 | ||||||||||||
| Oregon (State of) Lottery, Series 2017 C, Ref. RB |
5.00% | 04/01/2030 | 65 | 67,133 | ||||||||||||
| Oregon (State of) Lottery, Series 2017 C, Ref. RB |
5.00% | 04/01/2031 | 145 | 149,628 | ||||||||||||
| Oregon (State of) Tri-County Metropolitan Transportation District, Series 2018 A, RB(a)(b) |
5.00% | 09/01/2027 | 10 | 10,463 | ||||||||||||
| Oregon (State of) Tri-County Metropolitan Transportation District, Series 2018 A, RB(a)(b) |
5.00% | 09/01/2027 | 30 | 31,390 | ||||||||||||
| Oregon Health & Science University, Series 2017 A, RB |
5.00% | 07/01/2042 | 100 | 100,487 | ||||||||||||
| Portland (Port of), OR, Series 2017 24A, RB |
5.00% | 07/01/2047 | 100 | 99,514 | ||||||||||||
| Portland Community College District, Series 2023, GO Bonds |
5.00% | 06/15/2027 | 125 | 130,531 | ||||||||||||
| Washington & Clackamas Counties School District No. 23J Tigard-Tualatin,
Series 2017, GO Bonds, |
5.00% | 06/15/2033 | 45 | 46,324 | ||||||||||||
| Washington & Clackamas Counties School District No. 23J Tigard-Tualatin,
Series 2017, GO Bonds, |
5.00% | 06/15/2034 | 130 | 133,618 | ||||||||||||
| Washington & Multnomah Counties School District No. 48J Beaverton,
Series 2017 C, GO Bonds, |
5.00% | 06/15/2027 | 70 | 73,055 | ||||||||||||
| Washington & Multnomah Counties School District No. 48J Beaverton,
Series 2017 D, GO Bonds, |
5.00% | 06/15/2035 | 25 | 25,656 | ||||||||||||
| Washington & Multnomah Counties School District No. 48J Beaverton,
Series 2017 D, GO Bonds, |
5.00% | 06/15/2036 | 170 | 174,159 | ||||||||||||
|
|
|
|||||||||||||||
| 2,637,310 | ||||||||||||||||
|
|
|
|||||||||||||||
| Pennsylvania-4.95% |
||||||||||||||||
| Allegheny (County of), PA, Series 2016 C-75, Ref. GO Bonds |
5.00% | 11/01/2027 | 20 | 20,526 | ||||||||||||
| Allegheny (County of), PA Higher Education Building Authority (Carnegie Mellon University), Series 2017, RB |
5.00% | 08/01/2027 | 195 | 203,928 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Pennsylvania-(continued) |
||||||||||||||||
| Allegheny (County of), PA Higher Education Building Authority (Carnegie Mellon University), Series 2017, RB |
5.00 | % | 08/01/2029 | $ | 80 | $ | 83,613 | |||||||||
| Allegheny (County of), PA Higher Education Building Authority (Carnegie Mellon University), Series 2019, Ref. RB |
5.00 | % | 08/01/2027 | 110 | 115,036 | |||||||||||
| Allegheny (County of), PA Higher Education Building Authority (Carnegie Mellon University), Series 2022, Ref. RB |
5.00 | % | 08/01/2027 | 60 | 62,721 | |||||||||||
| Allegheny (County of), PA Higher Education Building Authority (Carnegie Mellon University), Series 2024 A, Ref. RB |
5.00 | % | 08/01/2027 | 100 | 104,536 | |||||||||||
| Allegheny (County of), PA Hospital Development Authority (Allegheny Health Network Obligated Group Issue), Series 2018 A, Ref. RB |
5.00 | % | 04/01/2027 | 35 | 36,090 | |||||||||||
| Allegheny (County of), PA Hospital Development Authority (University of Pittsburgh Medical Center), Series 2019, Ref. RB |
5.00 | % | 07/15/2027 | 65 | 67,374 | |||||||||||
| Allegheny (County of), PA Port Authority, Series 2020, Ref. RB |
5.00 | % | 03/01/2027 | 150 | 155,300 | |||||||||||
| Chester (County of), PA, Series 2017, Ref. GO Bonds |
5.00 | % | 11/15/2030 | 25 | 26,217 | |||||||||||
| Chester (County of), PA, Series 2017, Ref. GO Bonds |
4.00 | % | 11/15/2032 | 95 | 96,552 | |||||||||||
| Delaware (County of), PA Authority (Haverford College), Series 2017 A, Ref. RB |
5.00 | % | 10/01/2042 | 70 | 70,360 | |||||||||||
| Delaware River Joint Toll Bridge Commission (Pennsylvania - New Jersey), Series 2017, RB |
5.00 | % | 07/01/2033 | 80 | 82,588 | |||||||||||
| Delaware River Joint Toll Bridge Commission (Pennsylvania - New Jersey), Series 2017, RB |
5.00 | % | 07/01/2034 | 160 | 164,833 | |||||||||||
| Delaware River Joint Toll Bridge Commission (Pennsylvania - New Jersey), Series 2017, RB |
5.00 | % | 07/01/2035 | 10 | 10,285 | |||||||||||
| Delaware River Joint Toll Bridge Commission (Pennsylvania - New Jersey), Series 2017, RB |
5.00 | % | 07/01/2036 | 85 | 87,232 | |||||||||||
| Delaware River Joint Toll Bridge Commission (Pennsylvania - New Jersey), Series 2017, RB |
5.00 | % | 07/01/2047 | 35 | 35,089 | |||||||||||
| Geisinger Authority (Geisinger Health System), Series 2017 A-1, Ref. RB |
5.00 | % | 02/15/2045 | 275 | 271,857 | |||||||||||
| Geisinger Authority (Geisinger Health System), Series 2017 A-2, Ref. RB |
5.00 | % | 02/15/2032 | 160 | 163,071 | |||||||||||
| Geisinger Authority (Geisinger Health System), Series 2017 A-2, Ref. RB |
5.00 | % | 02/15/2034 | 120 | 121,756 | |||||||||||
| Geisinger Authority (Geisinger Health System), Series 2017 A-2, Ref. RB |
4.00 | % | 02/15/2039 | 95 | 89,187 | |||||||||||
| Lehigh (County of), PA Industrial Development Authority (PPL Electric Utilities Corp.), Series 2016, Ref. RB. |
2.63 | % | 02/15/2027 | 135 | 133,609 | |||||||||||
| Monroeville Finance Authority, Series 2012, RB |
5.00 | % | 02/15/2027 | 30 | 30,926 | |||||||||||
| Northampton (County of), PA General Purpose Authority (LaFayette College), Series 2017, Ref. RB |
5.00 | % | 11/01/2027 | 10 | 10,458 | |||||||||||
| Northampton (County of), PA General Purpose Authority (LaFayette College), Series 2017, Ref. RB |
4.00 | % | 11/01/2034 | 90 | 89,116 | |||||||||||
| Northampton (County of), PA General Purpose Authority (LaFayette College), Series 2017, Ref. RB |
5.00 | % | 11/01/2034 | 60 | 61,418 | |||||||||||
| Pennsylvania (Commonwealth of), First Series 2016, GO Bonds |
5.00 | % | 02/01/2027 | 15 | 15,198 | |||||||||||
| Pennsylvania (Commonwealth of), First Series 2016, Ref. GO Bonds |
5.00 | % | 09/15/2027 | 115 | 117,978 | |||||||||||
| Pennsylvania (Commonwealth of), First series 2017, Ref. GO Bonds |
4.00 | % | 01/01/2030 | 100 | 101,113 | |||||||||||
| Pennsylvania (Commonwealth of), First Series 2017, Ref. GO Bonds |
5.00 | % | 01/01/2027 | 260 | 268,853 | |||||||||||
| Pennsylvania (Commonwealth of), First Series 2018, GO Bonds |
5.00 | % | 03/01/2027 | 5 | 5,189 | |||||||||||
| Pennsylvania (Commonwealth of), First Series 2020, GO Bonds |
5.00 | % | 05/01/2027 | 50 | 52,077 | |||||||||||
| Pennsylvania (Commonwealth of), First Series 2021, GO Bonds |
5.00 | % | 05/15/2027 | 225 | 234,548 | |||||||||||
| Pennsylvania (Commonwealth of), First Series 2023, GO Bonds |
5.00 | % | 09/01/2027 | 95 | 99,529 | |||||||||||
| Pennsylvania (Commonwealth of), Second Series 2016, GO Bonds |
5.00 | % | 09/15/2027 | 160 | 164,020 | |||||||||||
| Pennsylvania (Commonwealth of), Second Series 2016, Ref. GO Bonds |
5.00 | % | 01/15/2027 | 95 | 98,317 | |||||||||||
| Pennsylvania (Commonwealth of), Series 2019, Ref. GO Bonds |
5.00 | % | 07/15/2027 | 265 | 276,953 | |||||||||||
| Pennsylvania (Commonwealth of), Series 2022, GO Bonds |
5.00 | % | 10/01/2027 | 85 | 89,195 | |||||||||||
| Pennsylvania (Commonwealth of), Series 2024, GO Bonds |
5.00 | % | 08/15/2027 | 10 | 10,468 | |||||||||||
| Pennsylvania (Commonwealth of) Economic Development Financing Authority, Series 2017 A, Ref. RB |
4.00 | % | 11/15/2034 | 90 | 88,835 | |||||||||||
| Pennsylvania (Commonwealth of) Economic Development Financing Authority, Series 2017 A, Ref. RB |
4.00 | % | 11/15/2035 | 60 | 58,607 | |||||||||||
| Pennsylvania (Commonwealth of) Economic Development Financing Authority, Series 2017 A, Ref. RB |
4.00 | % | 11/15/2037 | 140 | 133,183 | |||||||||||
| Pennsylvania (Commonwealth of) Economic Development Financing Authority, Series 2017 A, Ref. RB |
4.00 | % | 11/15/2042 | 450 | 400,607 | |||||||||||
| Pennsylvania (Commonwealth of) Higher Educational Facilities Authority, Series 2017 A, RB |
5.00 | % | 08/15/2033 | 45 | 46,226 | |||||||||||
| Pennsylvania (Commonwealth of) Higher Educational Facilities Authority, Series 2017, RB |
4.00 | % | 08/15/2034 | 85 | 84,618 | |||||||||||
| Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (University of Pennsylvania Health System), Series 2017 A, RB |
4.00 | % | 08/15/2036 | 115 | 112,246 | |||||||||||
| Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (University of Pennsylvania Health System), Series 2017 A, RB |
4.00 | % | 08/15/2042 | 30 | 27,575 | |||||||||||
| Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (University of Pennsylvania Health System), Series 2017 A, RB |
5.00 | % | 08/15/2042 | 100 | 100,387 | |||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| Pennsylvania-(continued) |
||||||||||||
| Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (University of Pennsylvania Health System), Series 2017, RB |
5.00% | 08/15/2037 | $ | 185 | $ | 188,007 | ||||||
| Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (University of Pennsylvania Health System), Series 2017, RB |
4.00% | 08/15/2041 | 270 | 252,013 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Second Series 2017, Ref. RB |
5.00% | 12/01/2031 | 65 | 67,259 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Second Series 2017, Ref. RB |
5.00% | 12/01/2032 | 15 | 15,506 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Second Series 2017, Ref. RB |
5.00% | 12/01/2033 | 45 | 46,406 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Second Series 2017, Ref. RB |
5.00% | 12/01/2034 | 30 | 30,855 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Second Series 2017, Ref. RB |
5.00% | 12/01/2035 | 20 | 20,588 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Second Series 2017, Ref. RB |
5.00% | 12/01/2036 | 85 | 87,301 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Second Series 2017, Ref. RB |
5.00% | 12/01/2038 | 5 | 5,079 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Second Series 2017, Ref. RB |
5.00% | 12/01/2041 | 35 | 35,321 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2009 E, RB. |
6.00% | 12/01/2030 | 85 | 90,395 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2009 E, RB. |
6.38% | 12/01/2038 | 55 | 57,858 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2016 A, Ref. RB |
5.00% | 12/01/2027 | 15 | 15,404 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2016 B, Ref. RB |
5.00% | 06/01/2027 | 15 | 15,273 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2017 A-1, RB |
5.00% | 12/01/2042 | 45 | 45,311 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2017 A-1, RB |
5.00% | 12/01/2047 | 200 | 201,521 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2017 A-2, Ref. RB |
5.00% | 12/01/2027 | 80 | 84,197 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2017 B-1, RB |
5.00% | 06/01/2036 | 220 | 225,055 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2017 B-1, RB |
5.00% | 06/01/2037 | 165 | 168,420 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2017 B-1, RB |
5.00% | 06/01/2042 | 500 | 504,602 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2017 B-2, Ref. RB |
5.00% | 06/01/2027 | 5 | 5,203 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2017 B-2, Ref. RB |
5.00% | 06/01/2032 | 5 | 5,148 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2017 B-2, Ref. RB |
4.00% | 06/01/2039 | 175 | 168,763 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2017, Ref. RB |
5.00% | 12/01/2031 | 170 | 175,908 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2017, Ref. RB |
5.00% | 12/01/2035 | 30 | 30,767 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2017, Ref. RB |
4.00% | 12/01/2036 | 310 | 310,419 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2017, Ref. RB |
4.00% | 12/01/2037 | 215 | 211,426 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2017, Ref. RB |
4.00% | 12/01/2038 | 215 | 209,679 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2017-3, Ref. RB |
5.00% | 12/01/2031 | 255 | 264,481 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2017-3, Ref. RB |
4.00% | 12/01/2037 | 215 | 211,448 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2017-3, Ref. RB |
4.00% | 12/01/2038 | 75 | 72,768 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2017-3, Ref. RB |
5.00% | 12/01/2040 | 675 | 686,246 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Subseries 2017 B-2, Ref. RB |
5.00% | 06/01/2031 | 55 | 56,713 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Subseries 2017 B-2, Ref. RB |
4.00% | 06/01/2038 | 375 | 365,598 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Subseries 2017 B-2, Ref. RB, (INS - AGI)(c) |
4.00% | 06/01/2037 | 160 | 158,633 | ||||||||
| Pennsylvania State University (The), Series 2017 A, RB |
5.00% | 09/01/2047 | 215 | 216,390 | ||||||||
| Philadelphia (City of), PA, Fifteenth Series 2017, Ref. RB |
5.00% | 08/01/2042 | 95 | 95,245 | ||||||||
| Philadelphia (City of), PA, Series 2017 A, RB |
5.00% | 10/01/2047 | 320 | 319,493 | ||||||||
| Philadelphia (City of), PA, Series 2017 A, RB |
5.25% | 10/01/2052 | 50 | 50,160 | ||||||||
| Philadelphia (City of), PA, Series 2017 A, Ref. GO Bonds |
5.00% | 08/01/2027 | 10 | 10,394 | ||||||||
| Philadelphia (City of), PA, Series 2017 A, Ref. GO Bonds |
5.00% | 08/01/2032 | 165 | 169,933 | ||||||||
| Philadelphia (City of), PA, Series 2017 A, Ref. GO Bonds |
5.00% | 08/01/2033 | 160 | 164,736 | ||||||||
| Philadelphia (City of), PA, Series 2017 A, Ref. GO Bonds |
5.00% | 08/01/2034 | 85 | 87,360 | ||||||||
| Philadelphia (City of), PA, Series 2017 A, Ref. GO Bonds |
5.00% | 08/01/2036 | 100 | 102,345 | ||||||||
| Philadelphia (City of), PA, Series 2017 A, Ref. GO Bonds, (INS - AGI)(c) |
5.00% | 08/01/2035 | 155 | 159,032 | ||||||||
| Philadelphia (City of), PA, Series 2017 A, Ref. RB |
5.00% | 07/01/2042 | 5 | 5,023 | ||||||||
| Philadelphia (City of), PA, Series 2017 B, Ref. RB |
5.00% | 11/01/2029 | 100 | 103,927 | ||||||||
| Philadelphia (City of), PA, Series 2017, Ref. GO Bonds |
5.00% | 08/01/2031 | 135 | 139,043 | ||||||||
| Philadelphia (City of), PA, Series 2017, Ref. GO Bonds |
5.00% | 08/01/2041 | 55 | 55,633 | ||||||||
| Philadelphia (City of), PA, Series 2017, Ref. GO Bonds, (INS - AGI)(c) |
5.00% | 08/01/2030 | 30 | 30,963 | ||||||||
| Philadelphia (City of), PA Authority for Industrial Development (Children’s Hospital of Philadelphia), Series 2017, Ref. RB |
5.00% | 07/01/2033 | 20 | 20,542 | ||||||||
| Philadelphia (City of), PA Authority for Industrial Development (Children’s Hospital of Philadelphia), Series 2017, Ref. RB |
4.00% | 07/01/2035 | 75 | 74,286 | ||||||||
| Philadelphia (City of), PA Authority for Industrial Development (Children’s Hospital of Philadelphia), Series 2017, Ref. RB |
4.00% | 07/01/2036 | 225 | 220,550 | ||||||||
| Philadelphia (City of), PA Authority for Industrial Development (Children’s Hospital of Philadelphia), Series 2017, Ref. RB |
4.00% | 07/01/2037 | 30 | 29,017 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Pennsylvania-(continued) |
||||||||||||||||
| Philadelphia (City of), PA Authority for Industrial Development (Children’s Hospital of Philadelphia), Series 2021, Ref. RB |
5.00% | 07/01/2027 | $ | 35 | $ | 36,508 | ||||||||||
| Philadelphia (City of), PA Authority for Industrial Development (Thomas Jefferson University), Series 2017 A, Ref. RB |
5.00% | 09/01/2035 | 40 | 40,467 | ||||||||||||
| Philadelphia (City of), PA Authority for Industrial Development (Thomas Jefferson University), Series 2017 A, Ref. RB |
5.00% | 09/01/2042 | 100 | 97,421 | ||||||||||||
| Philadelphia (City of), PA Authority for Industrial Development (Thomas Jefferson University), Series 2017 A, Ref. RB |
5.00% | 09/01/2047 | 50 | 48,239 | ||||||||||||
| Philadelphia School District (The), Series 2007 A, Ref. GO Bonds, (INS - NATL)(c) |
5.00% | 06/01/2027 | 10 | 10,379 | ||||||||||||
| Philadelphia School District (The), Series 2016 F, Ref. GO Bonds |
5.00 | % | 09/01/2027 | 30 | 30,594 | |||||||||||
| Pottsville (City of), PA Hospital Authority (Lehigh Valley), Series 2016 B, Ref. RB(a)(b) |
5.00% | 01/01/2027 | 10 | 10,341 | ||||||||||||
| Westmoreland (County of), PA Municipal Authority, Series 2017, Ref. RB, (INS - BAM)(c) |
5.00% | 08/15/2031 | 50 | 51,786 | ||||||||||||
| Westmoreland (County of), PA Municipal Authority, Series 2017, Ref. RB, (INS - BAM)(c) |
4.00% | 08/15/2034 | 50 | 50,115 | ||||||||||||
| Westmoreland (County of), PA Municipal Authority, Series 2017, Ref. RB, (INS - BAM)(c) |
5.00% | 08/15/2036 | 115 | 118,024 | ||||||||||||
|
|
|
|||||||||||||||
| 12,616,917 | ||||||||||||||||
|
|
|
|||||||||||||||
| Rhode Island-0.18% |
||||||||||||||||
| Rhode Island Commerce Corp. (Garvee), Series 2016 B, RB |
5.00% | 06/15/2027 | 100 | 101,993 | ||||||||||||
| Rhode Island Health & Educational Building Corp. (Brown University), Series 2017 A, Ref. RB |
5.00% | 09/01/2029 | 190 | 198,386 | ||||||||||||
| Rhode Island Health & Educational Building Corp. (Brown University), Series 2017 A, Ref. RB |
4.00% | 09/01/2037 | 155 | 151,483 | ||||||||||||
| 451,862 | ||||||||||||||||
| South Carolina-0.44% |
||||||||||||||||
| Greenville County School District, Series 2023, Ref. RB |
5.00% | 12/01/2027 | 445 | 468,457 | ||||||||||||
| Horry County School District, Series 2024, GO Bonds |
5.00% | 03/01/2027 | 15 | 15,580 | ||||||||||||
| Lexington County Health Services District, Inc. (Lexmed Obligated Group), Series 2017, Ref. RB |
4.00% | 11/01/2030 | 105 | 105,985 | ||||||||||||
| Lexington County Health Services District, Inc. (Lexmed Obligated Group), Series 2017, Ref. RB |
4.00% | 11/01/2031 | 60 | 60,410 | ||||||||||||
| Lexington County Health Services District, Inc. (Lexmed Obligated Group), Series 2017, Ref. RB |
4.00% | 11/01/2032 | 195 | 195,732 | ||||||||||||
| Piedmont Municipal Power Agency, Series 2021 C, Ref. RB |
5.00% | 01/01/2034 | 60 | 60,889 | ||||||||||||
| South Carolina (State of) Public Service Authority, Series 2025 B, Ref. RB |
5.00% | 12/01/2027 | 10 | 10,475 | ||||||||||||
| South Carolina (State of) Transportation Infrastructure Bank, Series 2017 A, Ref. RB |
5.00% | 10/01/2038 | 65 | 66,348 | ||||||||||||
| South Carolina (State of) Transportation Infrastructure Bank, Series 2017 A, Ref. RB |
5.00% | 10/01/2039 | 50 | 50,924 | ||||||||||||
| South Carolina (State of) Transportation Infrastructure Bank, Series 2017, Ref. RB |
5.00% | 10/01/2034 | 25 | 25,789 | ||||||||||||
| South Carolina (State of) Transportation Infrastructure Bank, Series 2017, Ref. RB |
5.00% | 10/01/2037 | 5 | 5,119 | ||||||||||||
| South Carolina (State of) Transportation Infrastructure Bank, Series 2017, Ref. RB, (INS - AGI)(c) |
5.00% | 10/01/2035 | 25 | 25,745 | ||||||||||||
| South Carolina (State of) Transportation Infrastructure Bank, Series 2021 B, Ref. RB |
5.00% | 10/01/2027 | 30 | 31,487 | ||||||||||||
|
|
|
|||||||||||||||
| 1,122,940 | ||||||||||||||||
|
|
|
|||||||||||||||
| South Dakota-0.10% |
||||||||||||||||
| South Dakota (State of) Health & Educational Facilities Authority (Avera Health), Series 2017, Ref. RB |
4.00% | 07/01/2042 | 30 | 26,493 | ||||||||||||
| South Dakota (State of) Health & Educational Facilities Authority (Regional Health), Series 2017, RB |
5.00% | 09/01/2040 | 240 | 238,013 | ||||||||||||
|
|
|
|||||||||||||||
| 264,506 | ||||||||||||||||
|
|
|
|||||||||||||||
| Tennessee-1.01% |
||||||||||||||||
| Chattanooga (City of), TN, Series 2015 A, Ref. RB(a)(b) |
3.00% | 09/01/2025 | 35 | 34,853 | ||||||||||||
| Knox (County of), TN Health, Educational & Housing Facility Board (Covenant Health), Series 2016 A, Ref. RB |
5.00% | 01/01/2037 | 15 | 15,125 | ||||||||||||
| Knox (County of), TN Health, Educational & Housing Facility Board (Covenant Health), Series 2016 A, Ref. RB |
5.00% | 01/01/2042 | 10 | 10,009 | ||||||||||||
| Knox (County of), TN Health, Educational & Housing Facility Board (Covenant Health), Series 2016 A, Ref. RB |
5.00% | 01/01/2047 | 195 | 189,096 | ||||||||||||
| Knox (County of), TN Health, Educational & Housing Facility Board (University Health), Series 2017, Ref. RB |
5.00% | 04/01/2036 | 50 | 50,147 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2016, Ref. GO Bonds |
5.00% | 01/01/2027 | 90 | 92,060 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2017 A, RB |
5.00% | 05/15/2042 | 460 | 464,907 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2017 B, RB |
5.00% | 07/01/2042 | 500 | 505,661 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2017, GO Bonds |
4.00% | 07/01/2027 | 45 | 46,037 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2017, GO Bonds |
4.00% | 07/01/2029 | 20 | 20,223 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2017, GO Bonds |
4.00% | 07/01/2030 | 50 | 50,437 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2018, GO Bonds |
5.00% | 07/01/2027 | 165 | 172,451 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2024 A, GO Bonds |
5.00% | 01/01/2027 | 60 | 62,090 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2024 B, Ref. RB |
5.00% | 05/15/2027 | 55 | 57,387 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Tennessee-(continued) |
||||||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government Health & Educational Facilities Board (The) (Vanderbilt University Medical Center), Series 2017 A, RB |
5.00% | 07/01/2048 | $ | 475 | $ | 468,377 | ||||||||||
| Tennessee (State of) School Bond Authority, Series 2017 B, Ref. RB, |
5.00% | 11/01/2027 | 125 | 131,409 | ||||||||||||
| Tennessee Energy Acquisition Corp., Series 2006 C, RB |
5.00% | 02/01/2027 | 215 | 217,949 | ||||||||||||
|
|
|
|||||||||||||||
| 2,588,218 | ||||||||||||||||
|
|
|
|||||||||||||||
| Texas-7.19% |
||||||||||||||||
| Alamo Community College District, Series 2017, Ref. GO Bonds |
5.00% | 08/15/2027 | 120 | 125,378 | ||||||||||||
| Alamo Community College District, Series 2022, GO Notes |
5.00% | 02/15/2027 | 155 | 160,753 | ||||||||||||
| Austin (City of), TX, Series 2015, Ref. GO Bonds |
2.95% | 09/01/2027 | 180 | 179,125 | ||||||||||||
| Austin (City of), TX, Series 2017, Ref. RB |
5.00% | 11/15/2027 | 85 | 89,342 | ||||||||||||
| Austin (City of), TX, Series 2017, Ref. RB(a) |
5.00% | 11/15/2027 | 10 | 10,492 | ||||||||||||
| Austin (City of), TX, Series 2017, Ref. RB |
5.00% | 11/15/2029 | 55 | 57,382 | ||||||||||||
| Austin (City of), TX, Series 2017, Ref. RB |
5.00% | 11/15/2042 | 65 | 65,730 | ||||||||||||
| Austin (City of), TX, Series 2024, Ref. RB |
5.00% | 11/15/2027 | 50 | 52,554 | ||||||||||||
| Austin Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/01/2027 | 30 | 31,316 | ||||||||||||
| Bexar (County of), TX, Series 2018, Ctfs. of Obligations |
5.00% | 06/15/2042 | 100 | 101,027 | ||||||||||||
| Bexar (County of), TX Hospital District, Series 2018, Ctfs. Of Obligations |
5.00% | 02/15/2048 | 75 | 75,135 | ||||||||||||
| Board of Regents of the University of Texas System, Series 2016 E, RB |
5.00% | 08/15/2027 | 100 | 104,634 | ||||||||||||
| Board of Regents of the University of Texas System, Series 2016 J, RB |
5.00% | 08/15/2027 | 270 | 277,208 | ||||||||||||
| Board of Regents of the University of Texas System, Series 2017 B, RB |
5.00% | 08/15/2027 | 205 | 214,500 | ||||||||||||
| Board of Regents of the University of Texas System, Series 2019 A, Ref. RB |
5.00% | 08/15/2027 | 75 | 78,476 | ||||||||||||
| Board of Regents of the University of Texas System, Series 2024 A, Ref. RB |
5.00% | 08/15/2027 | 80 | 83,707 | ||||||||||||
| Board of Regents of the University of Texas System, Series 2025 A, RB |
5.00% | 08/15/2027 | 50 | 52,317 | ||||||||||||
| Central Texas Regional Mobility Authority, Series 2021 C, RB |
5.00% | 01/01/2027 | 225 | 227,238 | ||||||||||||
| Conroe Independent School District, Series 2020 A, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2027 | 165 | 171,152 | ||||||||||||
| Cypress-Fairbanks Independent School District, Series 2016, Ref. GO Bonds (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2027 | 200 | 202,862 | ||||||||||||
| Cypress-Fairbanks Independent School District, Series 2020 A, Ref. GO Bonds (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2027 | 5 | 5,188 | ||||||||||||
| Cypress-Fairbanks Independent School District, Series 2023 A, Ref. GO Bonds (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2027 | 155 | 160,831 | ||||||||||||
| Dallas & Fort Worth (Cities of), TX, Series 2020 A, Ref. RB |
5.00% | 11/01/2027 | 45 | 47,221 | ||||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2020, Ref. RB |
5.00% | 11/01/2027 | 20 | 20,987 | ||||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2022 B, Ref. RB |
5.00% | 11/01/2027 | 80 | 83,949 | ||||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2023 B, Ref. RB |
5.00% | 11/01/2027 | 50 | 52,468 | ||||||||||||
| Dallas (City of), TX, Series 2017, RB |
5.00% | 10/01/2042 | 5 | 5,049 | ||||||||||||
| Dallas (City of), TX, Series 2017, RB |
5.00% | 10/01/2046 | 150 | 150,921 | ||||||||||||
| Dallas (City of), TX, Series 2023 A, Ref. GO Bonds |
5.00% | 02/15/2027 | 510 | 527,720 | ||||||||||||
| Dallas (City of), TX Area Rapid Transit, Series 2019, Ref. RB |
5.00% | 12/01/2027 | 20 | 21,020 | ||||||||||||
| Dallas (City of), TX Independent School District, Series 2021 A, Ref. GO Bonds, |
5.00% | 02/15/2027 | 5 | 5,188 | ||||||||||||
| Dallas College, Series 2022, GO Bonds |
5.00% | 02/15/2033 | 500 | 515,026 | ||||||||||||
| Denton Independent School District, Series 2018, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2037 | 80 | 82,029 | ||||||||||||
| Denton Independent School District, Series 2018, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2038 | 150 | 153,169 | ||||||||||||
| Denton Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2027 | 210 | 219,640 | ||||||||||||
| Ector County Independent School District, Series 2024 A, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2027 | 55 | 57,621 | ||||||||||||
| El Paso (County of), TX Hospital District, Series 2017, Ref. GO Bonds |
4.00% | 08/15/2038 | 115 | 103,688 | ||||||||||||
| Fort Bend Independent School District, Series 2017 E, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2027 | 45 | 46,571 | ||||||||||||
| Fort Bend Independent School District, Series 2018, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2029 | 80 | 83,257 | ||||||||||||
| Fort Bend Independent School District, Series 2018, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2030 | 125 | 129,827 | ||||||||||||
| Harris (County of), TX, Series 2020 A, Ref. GO Bonds |
5.00% | 10/01/2027 | 30 | 31,467 | ||||||||||||
| Harris (County of), TX, Series 2022 A, Ref. GO Bonds |
5.00% | 08/15/2027 | 265 | 277,281 | ||||||||||||
| Harris (County of), TX, Series 2022 A, Ref. RB |
5.00% | 08/15/2027 | 145 | 151,656 | ||||||||||||
| Harris (County of), TX, Series 2024 A, RB |
5.00% | 08/15/2027 | 65 | 67,984 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Texas-(continued) |
||||||||||||||||
| Harris (County of), TX Metropolitan Transit Authority, Series 2016 A, Ref. RB |
5.00% | 11/01/2027 | $ | 200 | $ | 205,652 | ||||||||||
| Harris County Cultural Education Facilities Finance Corp. (Memorial Hermann Health System), Series 2019, Ref. RB |
5.00% | 12/01/2027 | 165 | 172,843 | ||||||||||||
| Harris County Cultural Education Facilities Finance Corp. (Teco Project), Series 2017, Ref. RB |
5.00% | 11/15/2031 | 80 | 82,577 | ||||||||||||
| Harris County Cultural Education Facilities Finance Corp. (Teco Project), Series 2017, Ref. RB |
4.00% | 11/15/2032 | 50 | 50,047 | ||||||||||||
| Harris County Cultural Education Facilities Finance Corp. (Teco Project), Series 2017, Ref. RB |
4.00% | 11/15/2034 | 40 | 39,435 | ||||||||||||
| Harris County Cultural Education Facilities Finance Corp. (Teco), Series 2017, Ref. RB |
4.00% | 11/15/2035 | 25 | 24,272 | ||||||||||||
| Houston (City of), TX, Series 2016 A, Ref. GO Bonds |
5.00% | 03/01/2027 | 115 | 116,666 | ||||||||||||
| Houston (City of), TX, Series 2016 B, Ref. RB |
5.00% | 11/15/2027 | 65 | 66,907 | ||||||||||||
| Houston (City of), TX, Series 2017 A, Ref. GO Bonds |
5.00% | 03/01/2027 | 95 | 98,604 | ||||||||||||
| Houston (City of), TX, Series 2017 A, Ref. GO Bonds |
5.00% | 03/01/2030 | 115 | 118,257 | ||||||||||||
| Houston (City of), TX, Series 2017 A, Ref. GO Bonds |
4.00% | 03/01/2033 | 30 | 30,114 | ||||||||||||
| Houston (City of), TX, Series 2017 B, Ref. RB |
5.00% | 11/15/2027 | 55 | 57,770 | ||||||||||||
| Houston (City of), TX, Series 2017 B, Ref. RB |
5.00% | 11/15/2042 | 1,000 | 1,010,543 | ||||||||||||
| Houston (City of), TX, Series 2017, A Ref. GO Bonds |
4.00% | 03/01/2037 | 5 | 4,885 | ||||||||||||
| Houston (City of), TX, Series 2018 B, Ref. RB |
5.00% | 07/01/2027 | 70 | 72,872 | ||||||||||||
| Houston (City of), TX, Series 2021 A, GO Bonds |
5.00% | 03/01/2027 | 40 | 41,518 | ||||||||||||
| Houston (City of), TX, Series 2024, Ref. RB |
5.00% | 11/15/2027 | 45 | 47,266 | ||||||||||||
| Houston Independent School District, Series 2016 A, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2027 | 85 | 86,216 | ||||||||||||
| Houston Independent School District, Series 2017, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2034 | 10 | 10,257 | ||||||||||||
| Hurst-Euless-Bedford Independent School District, Series 2017 A, Ref. GO Bonds |
5.00% | 08/15/2027 | 45 | 47,027 | ||||||||||||
| Lewisville Independent School District, Series 2017 A, Ref. GO Bonds (CEP - Texas Permanent School Fund) |
4.00% | 08/15/2029 | 110 | 111,355 | ||||||||||||
| Lewisville Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2027 | 135 | 141,168 | ||||||||||||
| Liberty Hill Independent School District, Series 2019, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/01/2049 | 100 | 100,103 | ||||||||||||
| Lone Star College System, Series 2017 A, GO Bonds |
5.00% | 08/15/2042 | 20 | 20,171 | ||||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2019, Ref. RB |
5.00% | 05/15/2027 | 20 | 20,764 | ||||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2021, Ref. RB |
5.00% | 05/15/2027 | 15 | 15,573 | ||||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2023, Ref. RB, (INS - AGI)(c) |
5.00% | 05/15/2027 | 35 | 36,404 | ||||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2025, Ref. RB |
5.00% | 05/15/2027 | 50 | 51,909 | ||||||||||||
| New Hope Cultural Education Facilities Finance Corp. (Children’s Health System of Texas), Series 2017 A, Ref. RB |
5.00% | 08/15/2029 | 110 | 113,937 | ||||||||||||
| New Hope Cultural Education Facilities Finance Corp. (Children’s Health System of Texas), Series 2017 A, Ref. RB |
5.00% | 08/15/2030 | 5 | 5,174 | ||||||||||||
| New Hope Cultural Education Facilities Finance Corp. (Children’s Health System of Texas), Series 2017 A, Ref. RB |
4.00% | 08/15/2034 | 50 | 49,176 | ||||||||||||
| New Hope Cultural Education Facilities Finance Corp. (Children’s Health System of Texas), Series 2017 A, Ref. RB |
4.00% | 08/15/2035 | 325 | 314,338 | ||||||||||||
| New Hope Cultural Education Facilities Finance Corp. (Children’s Health System of Texas), Series 2017 A, Ref. RB |
4.00% | 08/15/2036 | 80 | 76,095 | ||||||||||||
| New Hope Cultural Education Facilities Finance Corp. (Children’s Health System of Texas), Series 2017 A, Ref. RB |
4.00% | 08/15/2037 | 100 | 93,988 | ||||||||||||
| New Hope Cultural Education Facilities Finance Corp. (Children’s Health System of Texas), Series 2017 A, Ref. RB |
5.00% | 08/15/2047 | 30 | 29,960 | ||||||||||||
| North East Independent School District, Series 2007, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.25% | 02/01/2027 | 75 | 77,933 | ||||||||||||
| North East Independent School District, Series 2018, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/01/2043 | 5 | 5,063 | ||||||||||||
| North Texas Tollway Authority, Series 2017 A, Ref. RB |
5.00% | 01/01/2027 | 20 | 20,242 | ||||||||||||
| North Texas Tollway Authority, Series 2017 A, Ref. RB |
4.00% | 01/01/2032 | 125 | 126,104 | ||||||||||||
| North Texas Tollway Authority, Series 2017 A, Ref. RB |
5.00% | 01/01/2032 | 115 | 117,916 | ||||||||||||
| North Texas Tollway Authority, Series 2017 A, Ref. RB |
4.00% | 01/01/2033 | 150 | 151,046 | ||||||||||||
| North Texas Tollway Authority, Series 2017 A, Ref. RB |
5.00% | 01/01/2033 | 160 | 163,780 | ||||||||||||
| North Texas Tollway Authority, Series 2017 A, Ref. RB |
5.00% | 01/01/2034 | 20 | 20,437 | ||||||||||||
| North Texas Tollway Authority, Series 2017 A, Ref. RB |
5.00% | 01/01/2035 | 5 | 5,101 | ||||||||||||
| North Texas Tollway Authority, Series 2017 A, Ref. RB |
5.00% | 01/01/2036 | 280 | 285,164 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Texas-(continued) |
||||||||||||||||
| North Texas Tollway Authority, Series 2017 A, Ref. RB |
5.00% | 01/01/2037 | $ | 10 | $ | 10,161 | ||||||||||
| North Texas Tollway Authority, Series 2017 B, Ref. RB |
5.00% | 01/01/2032 | 80 | 81,917 | ||||||||||||
| North Texas Tollway Authority, Series 2017 B, Ref. RB |
5.00% | 01/01/2043 | 115 | 115,421 | ||||||||||||
| North Texas Tollway Authority, Series 2017 B, Ref. RB |
5.00% | 01/01/2048 | 180 | 180,017 | ||||||||||||
| North Texas Tollway Authority, Series 2017 B, Ref. RB, (INS - AGI)(c) |
4.00% | 01/01/2034 | 465 | 465,531 | ||||||||||||
| North Texas Tollway Authority, Series 2017 B, Ref. RB, (INS - AGI)(c) |
4.00% | 01/01/2035 | 125 | 124,670 | ||||||||||||
| North Texas Tollway Authority, Series 2017 B, Ref. RB, (INS - AGI)(c) |
4.00% | 01/01/2036 | 50 | 49,468 | ||||||||||||
| North Texas Tollway Authority, Series 2019 B, Ref. RB |
5.00% | 01/01/2027 | 190 | 196,022 | ||||||||||||
| North Texas Tollway Authority, Series 2023 A, Ref. RB |
5.00% | 01/01/2027 | 70 | 72,373 | ||||||||||||
| Pearland Independent School District, Series 2020, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2027 | 25 | 25,915 | ||||||||||||
| Permanent University Fund - University of Texas System, Series 2022 A, RB. |
5.00% | 07/01/2027 | 105 | 109,633 | ||||||||||||
| Round Rock Independent School District, Series 2019 A, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/01/2027 | 70 | 73,220 | ||||||||||||
| San Antonio (City of), TX, Series 2016, Ref. RB |
5.00% | 02/01/2027 | 305 | 311,931 | ||||||||||||
| San Antonio (City of), TX, Series 2017, RB |
5.00% | 02/01/2047 | 140 | 140,073 | ||||||||||||
| San Antonio (City of), TX, Series 2017, Ref. RB |
5.00% | 02/01/2042 | 250 | 251,399 | ||||||||||||
| San Antonio (City of), TX, Series 2018, Ref. RB |
5.00% | 02/01/2027 | 150 | 155,038 | ||||||||||||
| San Antonio (City of), TX, Series 2019, Ref. GO Bonds |
5.00% | 08/01/2027 | 120 | 125,366 | ||||||||||||
| San Antonio (City of), TX, Series 2024, GO Bonds |
5.00% | 02/01/2027 | 20 | 20,731 | ||||||||||||
| San Antonio Education Facilities Corp. (Trinity University), Series 2017, RB |
5.00% | 06/01/2047 | 315 | 318,958 | ||||||||||||
| Socorro Independent School District, Series 2018, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2039 | 315 | 319,452 | ||||||||||||
| Texas (State of), Series 2016, GO Bonds |
5.00% | 04/01/2027 | 40 | 40,689 | ||||||||||||
| Texas (State of), Series 2017 A, Ref. GO Bonds |
5.00% | 10/01/2032 | 210 | 217,916 | ||||||||||||
| Texas (State of), Series 2017 A, Ref. GO Bonds |
5.00% | 10/01/2033 | 140 | 144,978 | ||||||||||||
| Texas (State of), Series 2017 A, Ref. GO Bonds |
5.00% | 10/01/2034 | 155 | 160,134 | ||||||||||||
| Texas (State of), Series 2017 B, Ref. GO Bonds |
5.00% | 10/01/2033 | 190 | 196,756 | ||||||||||||
| Texas (State of), Series 2017, Ref. GO Bonds |
5.00% | 10/01/2029 | 130 | 135,675 | ||||||||||||
| Texas (State of), Series 2017, Ref. GO Bonds |
5.00% | 10/01/2030 | 35 | 36,465 | ||||||||||||
| Texas (State of), Series 2017, Ref. GO Bonds |
5.00% | 10/01/2030 | 55 | 57,302 | ||||||||||||
| Texas (State of), Series 2017, Ref. GO Bonds |
5.00% | 10/01/2031 | 10 | 10,405 | ||||||||||||
| Texas (State of), Series 2017, Ref. GO Bonds |
5.00% | 10/01/2031 | 30 | 31,215 | ||||||||||||
| Texas (State of), Series 2017, Ref. GO Bonds |
5.00% | 10/01/2032 | 85 | 88,204 | ||||||||||||
| Texas (State of), Series 2017, Ref. GO Bonds |
5.00% | 10/01/2034 | 185 | 191,128 | ||||||||||||
| Texas (State of), Series 2017, Ref. GO Bonds |
5.00% | 10/01/2035 | 45 | 46,321 | ||||||||||||
| Texas (State of), Series 2018 A, Ref. GO Bonds |
5.00% | 10/01/2027 | 185 | 193,874 | ||||||||||||
| Texas (State of), Series 2024, Ref. GO Bonds |
5.00% | 10/01/2027 | 165 | 173,257 | ||||||||||||
| Texas (State of) Transportation Commission, Series 2021, RB |
5.00% | 08/01/2027 | 10 | 10,454 | ||||||||||||
| Texas (State of) Transportation Commission, Series 2024, Ref. GO Bonds |
5.00% | 04/01/2027 | 225 | 233,879 | ||||||||||||
| Texas (State of) Water Development Board, Series 2016, RB |
5.00% | 04/15/2027 | 25 | 25,717 | ||||||||||||
| Texas (State of) Water Development Board, Series 2017 A, RB |
5.00% | 04/15/2027 | 75 | 78,068 | ||||||||||||
| Texas (State of) Water Development Board, Series 2017 A, RB |
4.00% | 10/15/2032 | 15 | 15,151 | ||||||||||||
| Texas (State of) Water Development Board, Series 2017 A, RB |
4.00% | 10/15/2033 | 25 | 25,193 | ||||||||||||
| Texas (State of) Water Development Board, Series 2017 A, RB |
5.00% | 10/15/2042 | 190 | 191,808 | ||||||||||||
| Texas (State of) Water Development Board, Series 2017 A, RB |
5.00% | 10/15/2047 | 820 | 823,664 | ||||||||||||
| Texas (State of) Water Development Board, Series 2017, RB |
5.00% | 10/15/2031 | 100 | 103,915 | ||||||||||||
| Texas (State of) Water Development Board, Series 2017, RB |
4.00% | 10/15/2034 | 80 | 80,398 | ||||||||||||
| Texas (State of) Water Development Board, Series 2017, RB |
4.00% | 10/15/2037 | 75 | 73,693 | ||||||||||||
| Texas (State of) Water Development Board, Series 2017, RB |
4.00% | 04/15/2038 | 40 | 38,849 | ||||||||||||
| Texas (State of) Water Development Board, Series 2018, RB |
5.00% | 08/01/2027 | 305 | 318,834 | ||||||||||||
| Texas (State of) Water Development Board, Series 2018, RB |
5.00% | 10/15/2027 | 120 | 125,931 | ||||||||||||
| Texas (State of) Water Development Board, Series 2018, RB |
5.00% | 08/01/2033 | 5 | 5,153 | ||||||||||||
| Texas (State of) Water Development Board, Series 2018, RB |
4.00% | 08/01/2035 | 5 | 5,012 | ||||||||||||
| Texas (State of) Water Development Board, Series 2020, RB |
5.00% | 08/01/2027 | 110 | 114,989 | ||||||||||||
| Texas A&M University, Series 2017 E, Ref. RB |
5.00% | 05/15/2027 | 185 | 192,456 | ||||||||||||
| Texas A&M University, Series 2017 E, Ref. RB |
5.00% | 05/15/2029 | 80 | 82,751 | ||||||||||||
| Texas A&M University, Series 2017 E, Ref. RB |
5.00% | 05/15/2030 | 55 | 56,794 | ||||||||||||
| Texas A&M University, Series 2024 A, RB |
5.00% | 05/15/2027 | 120 | 124,836 | ||||||||||||
| Texas State University Board of Regents, Series 2017 A, Ref. RB |
5.00% | 03/15/2027 | 105 | 108,983 | ||||||||||||
| Texas State University Board of Regents, Series 2017 A, Ref. RB |
5.00% | 03/15/2029 | 110 | 113,662 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Texas-(continued) |
||||||||||||||||
| Texas State University Board of Regents, Series 2017 A, Ref. RB |
5.00% | 03/15/2030 | $ | 235 | $ | 242,159 | ||||||||||
| Texas State University Board of Regents, Series 2017 A, Ref. RB |
5.00% | 03/15/2031 | 35 | 35,979 | ||||||||||||
| Texas State University Board of Regents, Series 2024, Ref. RB |
5.00% | 03/15/2027 | 45 | 46,707 | ||||||||||||
| Trinity River Authority, Series 2017, Ref. RB. |
5.00% | 08/01/2030 | 45 | 46,571 | ||||||||||||
| University of Houston, Series 2017 A, Ref. RB |
5.00% | 02/15/2027 | 170 | 172,433 | ||||||||||||
| Williamson (County of), TX, Series 2024, GO Bonds |
5.00% | 02/15/2027 | 60 | 62,227 | ||||||||||||
|
|
|
|||||||||||||||
| 18,324,596 | ||||||||||||||||
|
|
|
|||||||||||||||
| Utah-0.41% |
||||||||||||||||
| Intermountain Power Agency, Series 2023 A, RB |
5.00% | 07/01/2027 | 80 | 82,873 | ||||||||||||
| University of Utah (The) (Green Bonds), Series 2022 B, RB |
5.00% | 08/01/2027 | 250 | 261,768 | ||||||||||||
| Utah (State of), Series 2017, GO Bonds |
5.00% | 07/01/2027 | 120 | 123,781 | ||||||||||||
| Utah (State of), Series 2018, GO Bonds |
5.00% | 07/01/2027 | 30 | 31,355 | ||||||||||||
| Utah (State of), Series 2018, GO Bonds |
5.00% | 07/01/2029 | 10 | 10,408 | ||||||||||||
| Utah (State of), Series 2020 B, GO Bonds |
5.00% | 07/01/2027 | 130 | 135,870 | ||||||||||||
| Utah (State of), Series 2020, GO Bonds |
5.00% | 07/01/2027 | 150 | 156,773 | ||||||||||||
| Utah (State of) Transit Authority, Series 2006 C, Ref. RB, (INS - AGI)(c) |
5.25% | 06/15/2027 | 50 | 51,614 | ||||||||||||
| Utah (State of) Transit Authority, Series 2016, Ref. RB |
3.00% | 12/15/2027 | 205 | 204,608 | ||||||||||||
|
|
|
|||||||||||||||
| 1,059,050 | ||||||||||||||||
|
|
|
|||||||||||||||
| Virginia-1.91% |
||||||||||||||||
| Fairfax (County of), VA, Series 2020 A, Ref. GO Bonds |
4.50% | 10/01/2027 | 75 | 77,896 | ||||||||||||
| Fairfax (County of), VA, Series 2023 A, GO Bonds |
4.00% | 10/01/2027 | 15 | 15,411 | ||||||||||||
| Fairfax (County of), VA, Series 2025 A, GO Bonds |
4.00% | 10/01/2027 | 50 | 51,370 | ||||||||||||
| Fairfax (County of), VA Industrial Development Authority (Inova Health System), Series 2022, Ref. RB |
5.00% | 05/15/2027 | 135 | 140,336 | ||||||||||||
| Hampton (City of), VA Roads Transportation Accountability Commission, Series 2023 A, RB |
5.00% | 07/01/2027 | 135 | 141,012 | ||||||||||||
| Henrico (County of), VA Economic Development Authority (Lifespire of
Virginia), |
5.00% | 12/01/2047 | 100 | 96,099 | ||||||||||||
| Richmond (City of), VA, Series 2016, Ref. RB |
5.00% | 01/15/2027 | 45 | 45,603 | ||||||||||||
| Richmond (City of), VA, Series 2017 B, Ref. GO Bonds |
4.00% | 07/15/2029 | 105 | 106,950 | ||||||||||||
| Richmond (City of), VA, Series 2017 D, Ref. GO Bonds |
5.00% | 03/01/2027 | 15 | 15,580 | ||||||||||||
| University of Virginia, Series 2017 A, Ref. RB |
5.00% | 04/01/2038 | 20 | 20,386 | ||||||||||||
| University of Virginia, Series 2017 A, Ref. RB |
5.00% | 04/01/2039 | 360 | 366,247 | ||||||||||||
| University of Virginia, Series 2017 A, Ref. RB |
5.00% | 04/01/2042 | 20 | 20,251 | ||||||||||||
| University of Virginia, Series 2017 B, Ref. RB |
5.00% | 04/01/2044 | 5 | 5,050 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority, Series 2016 A, RB |
5.00% | 02/01/2027 | 50 | 50,675 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority, Series 2016 A, Ref. RB, |
5.00% | 09/01/2027 | 115 | 117,672 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority, Series 2019 A, RB |
5.00% | 02/01/2027 | 210 | 217,504 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Centuity College and
Equipment), |
5.00% | 02/01/2027 | 290 | 300,363 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Centuity College and
Equipment), |
5.00% | 02/01/2027 | 40 | 41,429 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and
Equipment |
4.00% | 02/01/2033 | 205 | 206,034 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and
Equipment |
5.00% | 02/01/2027 | 75 | 77,680 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and
Equipment |
5.00% | 02/01/2030 | 115 | 118,553 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and
Equipment |
5.00% | 02/01/2031 | 40 | 41,188 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and
Equipment |
5.00% | 02/01/2027 | 195 | 201,968 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and
Equipment |
5.00% | 02/01/2027 | 245 | 253,755 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and
Equipments |
4.00% | 02/01/2037 | 5 | 5,006 | ||||||||||||
| Virginia (Commonwealth of) Public Building Authority, Series 2017 A, Ref. RB |
5.00% | 08/01/2027 | 70 | 73,280 | ||||||||||||
| Virginia (Commonwealth of) Public Building Authority, Series 2017 A, Ref. RB |
5.00% | 08/01/2029 | 60 | 62,755 | ||||||||||||
| Virginia (Commonwealth of) Public Building Authority, Series 2017 A, Ref. RB |
4.00% | 08/01/2031 | 170 | 172,408 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Virginia-(continued) |
||||||||||||||||
| Virginia (Commonwealth of) Public Building Authority, Series 2020 B, Ref. RB |
5.00% | 08/01/2027 | $ | 45 | $ | 47,109 | ||||||||||
| Virginia (Commonwealth of) Public Building Authority, Series 2021 A-1, RB |
5.00% | 08/01/2027 | 500 | 523,429 | ||||||||||||
| Virginia (Commonwealth of) Public Building Authority, Series 2022 A, RB |
5.00% | 08/01/2027 | 85 | 88,983 | ||||||||||||
| Virginia (Commonwealth of) Transportation Board, Series 2017 A, Ref. RB |
5.00% | 05/15/2027 | 60 | 62,465 | ||||||||||||
| Virginia (Commonwealth of) Transportation Board, Series 2017 A, Ref. RB |
5.00% | 05/15/2029 | 130 | 135,853 | ||||||||||||
| Virginia (Commonwealth of) Transportation Board, Series 2017 A, Ref. RB |
5.00% | 05/15/2030 | 5 | 5,215 | ||||||||||||
| Virginia (Commonwealth of) Transportation Board, Series 2017 A, Ref. RB |
5.00% | 05/15/2031 | 115 | 119,900 | ||||||||||||
| Virginia (Commonwealth of) Transportation Board, Series 2017 A, Ref. RB |
4.00% | 05/15/2034 | 25 | 25,125 | ||||||||||||
| Virginia (Commonwealth of) Transportation Board, Series 2017 A, Ref. RB |
4.00% | 05/15/2036 | 150 | 150,001 | ||||||||||||
| Virginia (Commonwealth of) Transportation Board (Garvee), Series 2017, Ref. RB |
5.00% | 03/15/2027 | 130 | 134,862 | ||||||||||||
| Virginia (Commonwealth of) Transportation Board (Garvee), Series 2017, Ref. RB |
5.00% | 09/15/2027 | 500 | 524,567 | ||||||||||||
|
|
|
|||||||||||||||
| 4,859,970 | ||||||||||||||||
|
|
|
|||||||||||||||
| Washington-3.55% |
||||||||||||||||
| Auburn School District No. 408 of King & Pierce Counties, Series 2018, GO
Bonds, |
4.00% | 12/01/2034 | 25 | 25,188 | ||||||||||||
| Auburn School District No. 408 of King & Pierce Counties, Series 2018, GO
Bonds, |
5.00% | 12/01/2035 | 540 | 556,471 | ||||||||||||
| Central Puget Sound Regional Transit Authority (Green Bonds), Series 2021 S-1, Ref. RB |
5.00% | 11/01/2027 | 35 | 36,845 | ||||||||||||
| Energy Northwest, Series 2017 A, Ref. RB |
5.00% | 07/01/2027 | 195 | 203,805 | ||||||||||||
| Energy Northwest (Bonneville Power Administration), Series 2016, Ref. RB |
5.00% | 07/01/2027 | 10 | 10,215 | ||||||||||||
| Energy Northwest (Columbia Generating Station), Series 2017 A, Ref. RB |
5.00% | 07/01/2029 | 170 | 176,661 | ||||||||||||
| Energy Northwest (Columbia Generating Station), Series 2017 A, Ref. RB |
5.00% | 07/01/2033 | 200 | 206,366 | ||||||||||||
| Energy Northwest (Columbia Generating Station), Series 2017 A, Ref. RB |
5.00% | 07/01/2034 | 55 | 56,661 | ||||||||||||
| Energy Northwest (No. 1), Series 2020 A, Ref. RB |
5.00% | 07/01/2027 | 95 | 99,290 | ||||||||||||
| Energy Northwest (No. 3), Series 2018, Ref. RB |
5.00% | 07/01/2027 | 115 | 120,193 | ||||||||||||
| Franklin County School District No. 1 Pasco, Series 2018, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2030 | 135 | 139,933 | ||||||||||||
| Franklin County School District No. 1 Pasco, Series 2018, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2031 | 150 | 155,336 | ||||||||||||
| Franklin County School District No. 1 Pasco, Series 2018, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2032 | 65 | 67,202 | ||||||||||||
| Franklin County School District No. 1 Pasco, Series 2023, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 12/01/2027 | 10 | 10,297 | ||||||||||||
| King (County of), WA, Series 2017, Ref. GO Bonds |
4.00% | 07/01/2030 | 110 | 111,449 | ||||||||||||
| King (County of), WA, Series 2017, Ref. RB |
5.00% | 07/01/2049 | 100 | 101,195 | ||||||||||||
| King County School District No. 210 Federal Way, Series 2018, GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 12/01/2034 | 105 | 105,791 | ||||||||||||
| King County School District No. 210 Federal Way, Series 2018, GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 12/01/2035 | 35 | 35,174 | ||||||||||||
| King County School District No. 210 Federal Way, Series 2018, GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 12/01/2036 | 40 | 40,082 | ||||||||||||
| King County School District No. 405 Bellevue, Series 2016, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2027 | 120 | 122,942 | ||||||||||||
| King County School District No. 411 Issaquah, Series 2015, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
3.00% | 12/01/2027 | 70 | 69,766 | ||||||||||||
| King County School District No. 411 Issaquah, Series 2018, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2032 | 20 | 20,770 | ||||||||||||
| King County School District No. 411 Issaquah, Series 2018, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2033 | 130 | 134,719 | ||||||||||||
| King County School District No. 414 Lake Washington, Series 2017, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2031 | 45 | 46,318 | ||||||||||||
| King County School District No. 414 Lake Washington, Series 2017, GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 12/01/2033 | 105 | 106,047 | ||||||||||||
| King County School District No. 414 Lake Washington, Series 2020, Ref. GO
Bonds, |
4.00% | 12/01/2027 | 90 | 92,456 | ||||||||||||
| Pierce County School District No. 10 Tacoma, Series 2024, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2027 | 85 | 89,459 | ||||||||||||
| Pierce County School District No. 3 Puyallup, Series 2017, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2033 | 65 | 66,841 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Washington-(continued) |
||||||||||||||||
| Pierce County School District No. 3 Puyallup, Series 2017, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2034 | $ | 55 | $ | 56,472 | ||||||||||
| Pierce County School District No. 3 Puyallup, Series 2017, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2036 | 185 | 189,269 | ||||||||||||
| Puyallup School District No. 3 (Washing State School District Credit Enhancement Program), Series 2017, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2035 | 100 | 102,501 | ||||||||||||
| Seattle (City of), WA, Series 2017 C, Ref. RB(a)(b) |
5.00% | 09/01/2027 | 75 | 78,475 | ||||||||||||
| Seattle (City of), WA, Series 2017 C, Ref. RB(a)(b) |
5.00% | 09/01/2027 | 10 | 10,463 | ||||||||||||
| Seattle (City of), WA, Series 2017 C, Ref. RB |
5.00% | 09/01/2030 | 150 | 156,251 | ||||||||||||
| Seattle (City of), WA, Series 2017 C, Ref. RB |
4.00% | 09/01/2034 | 50 | 50,271 | ||||||||||||
| Seattle (City of), WA, Series 2017 C, Ref. RB |
4.00% | 09/01/2035 | 150 | 150,481 | ||||||||||||
| Seattle (City of), WA, Series 2017 C, Ref. RB |
4.00% | 09/01/2036 | 180 | 179,923 | ||||||||||||
| Seattle (City of), WA (Green Bonds), Series 2020 A, RB |
5.00% | 07/01/2027 | 90 | 93,971 | ||||||||||||
| Seattle (Port of), WA, Series 2016, Ref. RB |
5.00% | 02/01/2027 | 60 | 60,810 | ||||||||||||
| Seattle (Port of), WA, Series 2022 A, Ref. RB |
5.00% | 08/01/2027 | 50 | 52,268 | ||||||||||||
| Washington (State of), Series 2016 B, Ref. GO Bonds |
5.00% | 08/01/2027 | 195 | 199,336 | ||||||||||||
| Washington (State of), Series 2017 A, GO Bonds |
5.00% | 08/01/2033 | 40 | 41,284 | ||||||||||||
| Washington (State of), Series 2017 A, GO Bonds |
5.00% | 08/01/2035 | 70 | 71,966 | ||||||||||||
| Washington (State of), Series 2017 A, GO Bonds |
5.00% | 08/01/2036 | 50 | 51,289 | ||||||||||||
| Washington (State of), Series 2017 A, GO Bonds |
5.00% | 08/01/2038 | 115 | 117,317 | ||||||||||||
| Washington (State of), Series 2017 A, GO Bonds |
5.00% | 08/01/2039 | 5 | 5,093 | ||||||||||||
| Washington (State of), Series 2017 A, GO Bonds |
5.00% | 08/01/2040 | 10 | 10,170 | ||||||||||||
| Washington (State of), Series 2017 A, GO Bonds |
5.00% | 08/01/2042 | 150 | 151,842 | ||||||||||||
| Washington (State of), Series 2017 C, Ref. GO Bonds |
5.00% | 08/01/2027 | 210 | 219,976 | ||||||||||||
| Washington (State of), Series 2017 C, Ref. GO Bonds |
5.00% | 08/01/2029 | 275 | 285,631 | ||||||||||||
| Washington (State of), Series 2017 C, Ref. GO Bonds |
5.00% | 08/01/2030 | 70 | 72,557 | ||||||||||||
| Washington (State of), Series 2017 C, Ref. GO Bonds |
5.00% | 08/01/2031 | 315 | 326,174 | ||||||||||||
| Washington (State of), Series 2017 C, Ref. GO Bonds |
5.00% | 08/01/2032 | 65 | 67,196 | ||||||||||||
| Washington (State of), Series 2017 C, Ref. GO Bonds |
5.00% | 08/01/2034 | 210 | 216,340 | ||||||||||||
| Washington (State of), Series 2017 D, GO Bonds |
5.00% | 02/01/2027 | 40 | 41,436 | ||||||||||||
| Washington (State of), Series 2017 D, GO Bonds |
5.00% | 02/01/2029 | 60 | 61,824 | ||||||||||||
| Washington (State of), Series 2017 D, GO Bonds |
5.00% | 02/01/2030 | 55 | 56,582 | ||||||||||||
| Washington (State of), Series 2017 D, GO Bonds |
5.00% | 02/01/2031 | 80 | 82,235 | ||||||||||||
| Washington (State of), Series 2017 D, GO Bonds |
5.00% | 02/01/2033 | 105 | 107,693 | ||||||||||||
| Washington (State of), Series 2017 D, GO Bonds |
5.00% | 02/01/2034 | 20 | 20,484 | ||||||||||||
| Washington (State of), Series 2017 D, GO Bonds |
5.00% | 02/01/2035 | 50 | 51,128 | ||||||||||||
| Washington (State of), Series 2017 D, GO Bonds |
5.00% | 02/01/2039 | 30 | 30,448 | ||||||||||||
| Washington (State of), Series 2017 D, GO Bonds |
5.00% | 02/01/2040 | 80 | 81,029 | ||||||||||||
| Washington (State of), Series 2017 D, GO Bonds |
5.00% | 02/01/2042 | 160 | 161,059 | ||||||||||||
| Washington (State of), Series 2017 R, Ref. GO Bonds |
5.00% | 08/01/2033 | 85 | 87,728 | ||||||||||||
| Washington (State of), Series 2017, Ref. GO Bonds |
5.00% | 08/01/2034 | 55 | 56,649 | ||||||||||||
| Washington (State of), Series 2017, Ref. GO Bonds |
5.00% | 08/01/2035 | 30 | 30,843 | ||||||||||||
| Washington (State of), Series 2018 C, GO Bonds |
5.00% | 02/01/2027 | 205 | 212,359 | ||||||||||||
| Washington (State of), Series 2018 D, Ref. GO Bonds |
5.00% | 08/01/2031 | 70 | 72,483 | ||||||||||||
| Washington (State of), Series 2019 A, GO Bonds |
5.00% | 08/01/2027 | 45 | 47,138 | ||||||||||||
| Washington (State of), Series 2020 C, GO Bonds |
5.00% | 02/01/2027 | 30 | 31,077 | ||||||||||||
| Washington (State of), Series 2021 A, Ref. GO Bonds |
5.00% | 06/01/2027 | 90 | 93,911 | ||||||||||||
| Washington (State of), Series 2022, Ref. GO Bonds |
4.00% | 07/01/2027 | 15 | 15,346 | ||||||||||||
| Washington (State of), Series 2024, Ref. GO Bonds |
5.00% | 07/01/2027 | 45 | 47,051 | ||||||||||||
| Washington (State of), Series 2025B, Ref. GO Bonds |
5.00% | 07/01/2027 | 80 | 83,662 | ||||||||||||
| Washington (State of), Series R-2017A, Ref. GO Bonds |
5.00% | 08/01/2027 | 35 | 35,770 | ||||||||||||
| Washington (State of), Series R-2018D, Ref. GO Bonds |
5.00% | 08/01/2027 | 610 | 638,977 | ||||||||||||
| Washington (State of), Series R-2018D, Ref. GO Bonds |
5.00% | 08/01/2030 | 75 | 77,804 | ||||||||||||
| Washington (State of), Series R-2018D, Ref. GO Bonds |
5.00% | 08/01/2032 | 150 | 155,099 | ||||||||||||
| Washington (State of), Series R-2018D, Ref. GO Bonds |
5.00% | 08/01/2035 | 40 | 41,124 | ||||||||||||
| Washington (State of), Series R-2022D, Ref. GO Bonds |
4.00% | 07/01/2027 | 20 | 20,461 | ||||||||||||
| Washington (State of), Series R-2023B, Ref. GO Bonds |
5.00% | 07/01/2027 | 65 | 67,962 | ||||||||||||
| Washington (State of), Series R-2024C, Ref. GO Bonds |
5.00% | 08/01/2027 | 90 | 94,256 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2024 C, GO Bonds |
5.00% | 02/01/2027 | 15 | 15,538 | ||||||||||||
| Washington (State of) Health Care Facilities Authority (Seattle Children’s Hospital), Series 2017 A, RB |
5.00% | 10/01/2047 | 135 | 135,694 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Washington-(continued) |
||||||||||||||||
| Washington (State of) Health Care Facilities Authority (Virginia Mason Medical Center), Series 2017, Ref. RB |
5.00% | 08/15/2031 | $ | 110 | $ | 111,431 | ||||||||||
| Washington (State of) Health Care Facilities Authority (Virginia Mason Medical Center), Series 2017, Ref. RB |
5.00% | 08/15/2034 | 150 | 150,634 | ||||||||||||
| Washington (State of) Health Care Facilities Authority (Virginia Mason Medical Center), Series 2017, Ref. RB |
5.00% | 08/15/2036 | 20 | 19,999 | ||||||||||||
|
|
|
|||||||||||||||
| 9,061,712 | ||||||||||||||||
|
|
|
|||||||||||||||
| West Virginia-0.16% |
||||||||||||||||
| West Virginia (State of) Commissioner of Highways (Surface Transportation), Series 2017 A, RB |
5.00% | 09/01/2027 | 320 | 333,762 | ||||||||||||
| West Virginia (State of) Commissioner of Highways (Surface Transportation), Series 2017 A, RB |
5.00% | 09/01/2029 | 35 | 36,312 | ||||||||||||
| West Virginia (State of) Hospital Finance Authority (West Virginia University Health System Obligated Group), Series 2017 A, RB |
5.00% | 06/01/2047 | 35 | 34,330 | ||||||||||||
|
|
|
|||||||||||||||
| 404,404 | ||||||||||||||||
|
|
|
|||||||||||||||
| Wisconsin-1.22% |
||||||||||||||||
| Middleton-Cross Plains Area School District, Series 2019 A, GO Bonds |
3.25% | 03/01/2036 | 100 | 94,456 | ||||||||||||
| Wisconsin (State of), Series 2017 2, Ref. GO Bonds |
5.00% | 11/01/2027 | 185 | 192,641 | ||||||||||||
| Wisconsin (State of), Series 2017 3, Ref. GO Bonds |
5.00% | 11/01/2028 | 155 | 161,218 | ||||||||||||
| Wisconsin (State of), Series 2017 3, Ref. GO Bonds |
5.00% | 11/01/2030 | 25 | 25,934 | ||||||||||||
| Wisconsin (State of), Series 2017, Ref. GO Bonds |
5.00% | 11/01/2027 | 285 | 296,772 | ||||||||||||
| Wisconsin (State of), Series 2017, Ref. GO Bonds |
5.00% | 11/01/2028 | 210 | 218,424 | ||||||||||||
| Wisconsin (State of), Series 2017, Ref. GO Bonds |
5.00% | 11/01/2029 | 40 | 41,554 | ||||||||||||
| Wisconsin (State of), Series 2017, Ref. GO Bonds |
5.00% | 11/01/2031 | 200 | 207,262 | ||||||||||||
| Wisconsin (State of), Series 2017, Ref. GO Bonds |
5.00% | 11/01/2031 | 15 | 15,545 | ||||||||||||
| Wisconsin (State of), Series 2017-3, Ref. GO Bonds |
5.00% | 11/01/2027 | 130 | 135,370 | ||||||||||||
| Wisconsin (State of), Series 2019 A, Ref. RB(a) |
5.00% | 05/01/2027 | 275 | 285,902 | ||||||||||||
| Wisconsin (State of), Series 2019 A, Ref. RB(a)(b) |
5.00% | 05/01/2027 | 240 | 249,514 | ||||||||||||
| Wisconsin (State of), Series 2019 A, Ref. RB(a)(b) |
5.00% | 05/01/2027 | 170 | 176,739 | ||||||||||||
| Wisconsin (State of), Series 2021-1, Ref. GO Bonds |
5.00% | 05/01/2027 | 80 | 83,369 | ||||||||||||
| Wisconsin (State of), Series 2021-2, Ref. GO Bonds |
5.00% | 05/01/2027 | 40 | 41,685 | ||||||||||||
| Wisconsin (State of), Series 2024, Ref. GO Bonds |
5.00% | 05/01/2027 | 35 | 36,474 | ||||||||||||
| Wisconsin (State of), Series 2025, Ref. GO Bonds |
5.00% | 05/01/2027 | 40 | 41,685 | ||||||||||||
| Wisconsin (State of) Department of Transportation, Series 2017-1, Ref. GO Bonds |
5.00% | 07/01/2027 | 150 | 156,804 | ||||||||||||
| Wisconsin (State of) Department of Transportation, Series 2017-2, Ref. RB |
5.00% | 07/01/2027 | 80 | 83,629 | ||||||||||||
| Wisconsin (State of) Department of Transportation, Series 2024-2, Ref. RB |
5.00% | 07/01/2027 | 95 | 99,309 | ||||||||||||
| Wisconsin (State of) Public Finance Authority (Prime Healthcare Foundation, Inc.), Series 2018 A, RB |
5.20% | 12/01/2037 | 450 | 457,393 | ||||||||||||
|
|
|
|||||||||||||||
| 3,101,679 | ||||||||||||||||
|
|
|
|||||||||||||||
| TOTAL INVESTMENTS IN
SECURITIES(d)-98.48% |
250,992,720 | |||||||||||||||
| OTHER ASSETS LESS LIABILITIES-1.52% |
3,882,328 | |||||||||||||||
|
|
|
|||||||||||||||
| NET ASSETS-100.00% |
$ | 254,875,048 | ||||||||||||||
|
|
|
|||||||||||||||
|
|
|
|||||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR)–(continued)
May 31, 2025
(Unaudited)
Investment Abbreviations:
AGI -Assured Guaranty, Inc.
AMBAC-American Municipal Bond Assurance Corp.
| BAM | -Build America Mutual Assurance Co. | |
| CEP | -Credit Enhancement Provider | |
| COP | -Certificates of Participation | |
| Ctfs. | -Certificates | |
| GO | -General Obligation | |
| INS | -Insurer | |
| NATL | -National Public Finance Guarantee Corp. | |
| RAC | -Revenue Anticipation Certificates | |
| RB | -Revenue Bonds | |
| Ref. | -Refunding | |
| RN | -Revenue Notes | |
| Wts. | -Warrants |
Notes to Schedule of Investments:
| (a) | Advance refunded; secured by an escrow fund of U.S. Government obligations or other highly rated collateral. |
| (b) | Security has an irrevocable call by the issuer or mandatory put by the holder. Maturity date reflects such call or put. |
| (c) | Principal and/or interest payments are secured by the bond insurance company listed. |
| (d) | Entities may either issue, guarantee, back or otherwise enhance the credit quality of a security. The entities are not primarily responsible for the issuer’s obligations but may be called upon to satisfy the issuer’s obligations. No concentration of any single entity was greater than 5% each. |
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments
Invesco BulletShares 2028 Municipal Bond ETF (BSMS)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Municipal Obligations-98.31% |
||||||||||||||||
| Alabama-0.44% |
||||||||||||||||
| Alabama (State of) Public School & College Authority (Social Bonds), Series 2020 A, Ref. RB |
5.00% | 11/01/2028 | $ | 180 | $ | 192,704 | ||||||||||
| Auburn University, Series 2018 A, RB |
5.00% | 06/01/2043 | 50 | 50,493 | ||||||||||||
| Auburn University, Series 2018 A, RB |
5.00% | 06/01/2048 | 45 | 45,372 | ||||||||||||
| Birmingham (City of) & Jefferson (County of), AL Civic Center Authority, Series 2018 B, RB |
5.00% | 07/01/2043 | 300 | 301,061 | ||||||||||||
| Jefferson (County of), AL, Series 2024, Ref. RB |
5.00% | 10/01/2028 | 120 | 126,568 | ||||||||||||
| Jefferson County Board of Education, Series 2018, Revenue Wts |
5.00% | 02/01/2046 | 100 | 100,662 | ||||||||||||
|
|
|
|||||||||||||||
| 816,860 | ||||||||||||||||
|
|
|
|||||||||||||||
| Alaska-0.09% |
||||||||||||||||
| North Slope (Borough of), AK, Series 2022 A, GO Bonds |
5.00% | 06/30/2028 | 150 | 159,455 | ||||||||||||
|
|
|
|||||||||||||||
| Arizona-1.57% |
||||||||||||||||
| Arizona (State of), Series 2019 A, Ref. COP(a) |
5.00% | 10/01/2028 | 5 | 5,341 | ||||||||||||
| Arizona (State of) Department of Transportation, Series 2023, RB |
5.00% | 07/01/2028 | 50 | 53,261 | ||||||||||||
| Arizona (State of) Industrial Development Authority (Equitable School Revolving Fund), Series 2019, RB |
5.00% | 11/01/2044 | 10 | 9,914 | ||||||||||||
| Maricopa (County of), AZ Industrial Development Authority (Banner Health Obligated Group), Series 2016, Ref. RB |
5.00% | 01/01/2028 | 20 | 21,015 | ||||||||||||
| Maricopa (County of), AZ Industrial Development Authority (Banner Health Obligated Group), Series 2017 A, RB |
4.00% | 01/01/2041 | 50 | 45,204 | ||||||||||||
| Maricopa (County of), AZ Industrial Development Authority (Banner Health), Series 2017 A, RB |
5.00% | 01/01/2041 | 250 | 253,761 | ||||||||||||
| Maricopa (County of), AZ Industrial Development Authority (HonorHealth), Series 2019 A, Ref. RB |
5.00% | 09/01/2037 | 5 | 5,121 | ||||||||||||
| Maricopa (County of), AZ Industrial Development Authority (HonorHealth), Series 2019 A, Ref. RB |
5.00% | 09/01/2042 | 20 | 20,155 | ||||||||||||
| Maricopa (County of), AZ Special Health Care District, Series 2021 D, GO Bonds |
5.00% | 07/01/2028 | 50 | 52,671 | ||||||||||||
| Maricopa (County of), AZ Special Health Care District (Maricopa Integrated Health), Series 2018 C, GO Bonds |
5.00% | 07/01/2028 | 150 | 158,192 | ||||||||||||
| Maricopa (County of), AZ Special Health Care District (Maricopa Integrated Health), Series 2018 C, GO Bonds |
5.00% | 07/01/2030 | 50 | 52,490 | ||||||||||||
| Maricopa (County of), AZ Special Health Care District (Maricopa Integrated Health), Series 2018 C, GO Bonds |
5.00% | 07/01/2031 | 150 | 157,219 | ||||||||||||
| Maricopa (County of), AZ Special Health Care District (Maricopa Integrated Health), Series 2018, GO Bonds |
5.00% | 07/01/2032 | 5 | 5,223 | ||||||||||||
| Maricopa (County of), AZ Special Health Care District (Maricopa Integrated Health), Series 2018, GO Bonds |
5.00% | 07/01/2033 | 35 | 36,441 | ||||||||||||
| Maricopa (County of), AZ Special Health Care District (Maricopa Integrated Health), Series 2018, GO Bonds |
5.00% | 07/01/2034 | 460 | 477,507 | ||||||||||||
| Maricopa (County of), AZ Special Health Care District (Maricopa Integrated Health), Series 2018, GO Bonds |
5.00% | 07/01/2035 | 45 | 46,561 | ||||||||||||
| Mesa (City of), AZ, Series 2014, Ref. RB |
3.00% | 07/01/2028 | 20 | 19,835 | ||||||||||||
| Phoenix (City of), AZ Industrial Development Authority (Downtown Phoenix Student Housing, LLC-Arizona State University), Series 2018, Ref. RB |
5.00% | 07/01/2037 | 80 | 79,470 | ||||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2016 A, Ref. RB |
5.00% | 01/01/2028 | 25 | 25,815 | ||||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2017, Ref. RB |
5.00% | 01/01/2028 | 105 | 110,813 | ||||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2017, Ref. RB |
5.00% | 01/01/2030 | 185 | 193,971 | ||||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2017, Ref. RB |
5.00% | 01/01/2031 | 5 | 5,237 | ||||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2017, Ref. RB |
5.00% | 01/01/2032 | 15 | 15,669 | ||||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2017, Ref. RB |
5.00% | 01/01/2033 | 195 | 203,212 | ||||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2017, Ref. RB |
5.00% | 01/01/2034 | 35 | 36,348 | ||||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2017, Ref. RB |
5.00% | 01/01/2035 | 25 | 25,865 | ||||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2017, Ref. RB |
5.00% | 01/01/2036 | 175 | 180,568 | ||||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2017, Ref. RB |
5.00% | 01/01/2037 | 425 | 437,263 | ||||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2017, Ref. RB |
5.00% | 01/01/2038 | 15 | 15,363 | ||||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2017, Ref. RB |
5.00% | 01/01/2039 | 115 | 117,425 | ||||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2021 A, Ref. RB |
5.00% | 01/01/2028 | 25 | 26,384 | ||||||||||||
|
|
|
|||||||||||||||
| 2,893,314 | ||||||||||||||||
|
|
|
|||||||||||||||
| Arkansas-0.04% |
||||||||||||||||
| Fort Smith (City of), AR, Series 2018, Ref. RB |
5.00% | 10/01/2033 | 20 | 20,768 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Municipal Bond ETF (BSMS)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Arkansas-(continued) |
||||||||||||||||
| Fort Smith (City of), AR, Series 2018, Ref. RB |
5.00% | 10/01/2034 | $ | 30 | $ | 31,084 | ||||||||||
| Little Rock (City of), AR, Series 2022 A, GO Bonds |
3.88% | 02/01/2043 | 15 | 14,947 | ||||||||||||
|
|
|
|||||||||||||||
| 66,799 | ||||||||||||||||
|
|
|
|||||||||||||||
| California-16.67% |
||||||||||||||||
| Alameda (County of), CA Joint Powers Authority (Highland Hospital Project), Series 2023, Ref. RB |
5.00% | 12/01/2028 | 20 | 21,587 | ||||||||||||
| Bay Area Toll Authority, Series 2023 F-1, RB |
5.00% | 04/01/2028 | 110 | 117,290 | ||||||||||||
| Bay Area Toll Authority (San Francisco Bay Area), Series 2017, Ref. RB |
5.00% | 04/01/2028 | 80 | 85,302 | ||||||||||||
| Brentwood Union School District (Election of 2016), Series 2018, GO Bonds |
4.00% | 08/01/2048 | 190 | 173,284 | ||||||||||||
| Cabrillo Unified School District (Election of 2018), Series 2020 B, GO Bonds |
5.00% | 08/01/2050 | 75 | 76,046 | ||||||||||||
| California (State of), Series 2003, GO Bonds, (INS - AMBAC)(b) |
5.00% | 02/01/2028 | 20 | 21,156 | ||||||||||||
| California (State of), Series 2013, Ref. GO Bonds |
3.25% | 10/01/2028 | 20 | 20,001 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
3.00% | 08/01/2028 | 10 | 9,976 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
5.00% | 08/01/2028 | 105 | 109,722 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
5.00% | 08/01/2028 | 5 | 5,225 | ||||||||||||
| California (State of), Series 2017, Ref. GO Bonds |
5.00% | 11/01/2028 | 190 | 199,431 | ||||||||||||
| California (State of), Series 2018, GO Bonds |
5.00% | 10/01/2028 | 195 | 208,793 | ||||||||||||
| California (State of), Series 2018, GO Bonds |
5.00% | 10/01/2030 | 590 | 626,305 | ||||||||||||
| California (State of), Series 2018, Ref. GO Bonds |
5.00% | 08/01/2028 | 310 | 330,978 | ||||||||||||
| California (State of), Series 2018, Ref. GO Bonds |
5.00% | 08/01/2036 | 70 | 73,278 | ||||||||||||
| California (State of), Series 2019, GO Bonds |
5.00% | 11/01/2028 | 180 | 193,008 | ||||||||||||
| California (State of), Series 2019, GO Bonds |
5.00% | 11/01/2031 | 145 | 153,821 | ||||||||||||
| California (State of), Series 2019, GO Bonds |
5.00% | 11/01/2032 | 270 | 285,664 | ||||||||||||
| California (State of), Series 2019, Ref. GO Bonds |
5.00% | 04/01/2028 | 360 | 382,033 | ||||||||||||
| California (State of), Series 2019, Ref. GO Bonds |
5.00% | 04/01/2028 | 500 | 530,601 | ||||||||||||
| California (State of), Series 2019, Ref. GO Bonds |
5.00% | 10/01/2028 | 90 | 96,366 | ||||||||||||
| California (State of), Series 2019, Ref. GO Bonds |
5.00% | 11/01/2034 | 260 | 273,947 | ||||||||||||
| California (State of), Series 2019, Ref. GO Bonds |
5.00% | 11/01/2036 | 580 | 608,646 | ||||||||||||
| California (State of), Series 2019, Ref. GO Bonds |
5.00% | 11/01/2037 | 200 | 208,950 | ||||||||||||
| California (State of), Series 2019, Ref. GO Bonds |
5.00% | 11/01/2039 | 60 | 62,233 | ||||||||||||
| California (State of), Series 2020, GO Bonds |
3.00% | 03/01/2028 | 5 | 5,014 | ||||||||||||
| California (State of), Series 2020, Ref. GO Bonds |
5.00% | 11/01/2028 | 500 | 536,132 | ||||||||||||
| California (State of), Series 2020, Ref. GO Bonds |
5.00% | 11/01/2028 | 25 | 26,807 | ||||||||||||
| California (State of), Series 2021 B, Ref. GO Bonds |
5.00% | 10/01/2028 | 225 | 240,915 | ||||||||||||
| California (State of), Series 2021, Ref. GO Bonds |
5.00% | 09/01/2028 | 120 | 128,305 | ||||||||||||
| California (State of), Series 2021, Ref. GO Bonds |
5.00% | 10/01/2028 | 95 | 101,720 | ||||||||||||
| California (State of), Series 2021, Ref. GO Bonds |
5.00% | 12/01/2028 | 220 | 236,234 | ||||||||||||
| California (State of), Series 2022, GO Bonds |
5.00% | 04/01/2028 | 215 | 228,158 | ||||||||||||
| California (State of), Series 2022, Ref. GO Bonds |
4.00% | 09/01/2028 | 80 | 82,841 | ||||||||||||
| California (State of), Series 2022, Ref. GO Bonds |
5.00% | 11/01/2028 | 255 | 273,427 | ||||||||||||
| California (State of), Series 2022, Ref. GO Bonds |
5.00% | 04/01/2035 | 550 | 578,392 | ||||||||||||
| California (State of), Series 2023 A, Ref. GO Bonds |
5.00% | 09/01/2028 | 20 | 21,384 | ||||||||||||
| California (State of), Series 2023, GO Bonds |
5.00% | 10/01/2028 | 40 | 42,829 | ||||||||||||
| California (State of), Series 2023, Ref. GO Bonds |
5.00% | 09/01/2028 | 80 | 85,536 | ||||||||||||
| California (State of), Series 2024, GO Bonds |
5.00% | 08/01/2028 | 185 | 197,519 | ||||||||||||
| California (State of), Series 2024, Ref. GO Bonds |
5.00% | 08/01/2028 | 5 | 5,338 | ||||||||||||
| California (State of) (Bid Group A), Series 2018, GO Bonds |
5.00% | 10/01/2048 | 250 | 254,266 | ||||||||||||
| California (State of) (Green Bonds), Series 2014, GO Bonds |
3.00% | 10/01/2028 | 10 | 9,955 | ||||||||||||
| California (State of) Community College Financing Authority (NCCD - Orange Coast Properties LLC - Orange Coast College), Series 2018, RB |
5.25% | 05/01/2043 | 100 | 101,931 | ||||||||||||
| California (State of) Community College Financing Authority (NCCD - Orange Coast Properties LLC - Orange Coast College), Series 2018, RB |
5.25% | 05/01/2053 | 20 | 20,241 | ||||||||||||
| California (State of) Department of Water Resources, Series 2019 BA, RB |
5.00% | 12/01/2028 | 35 | 37,838 | ||||||||||||
| California (State of) Department of Water Resources (Central Valley), Series 2018, Ref. RB |
5.00% | 12/01/2028 | 45 | 48,648 | ||||||||||||
| California (State of) Department of Water Resources (Central Valley), Series 2020 BB, Ref. RB |
5.00% | 12/01/2028 | 70 | 75,675 | ||||||||||||
| California (State of) Department of Water Resources (Central Valley), Series 2021, RB |
5.00% | 12/01/2028 | 50 | 54,054 | ||||||||||||
| California (State of) Educational Facilities Authority (University of San Francisco), Series 2018 A, RB |
5.00% | 10/01/2048 | 20 | 19,968 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Adventist Health System), Series 2024, RB |
5.00% | 12/01/2028 | 150 | 157,540 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Stanford Health Care), Series 2017 A, Ref. RB |
5.00% | 11/15/2028 | 15 | 15,743 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Municipal Bond ETF (BSMS)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| California-(continued) |
||||||||||||||||
| California (State of) Infrastructure & Economic Development Bank (Bay Area Toll Bridges), Series 2003 A, RB(a)(c) |
5.00% | 01/01/2028 | $ | 40 | $ | 42,348 | ||||||||||
| California (State of) Infrastructure & Economic Development Bank (Bay Area Toll Bridges), Series 2003 A, RB(a)(c) |
5.00% | 01/01/2028 | 170 | 179,978 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (Clean Water Revolving Fund) (Green Bonds), Series 2018, RB |
5.00% | 10/01/2028 | 55 | 58,710 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (Clean Water Revolving Fund) (Green Bonds), Series 2018, RB |
5.00% | 10/01/2029 | 150 | 159,671 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (Clean Water Revolving Fund) (Green Bonds), Series 2018, RB |
5.00% | 10/01/2031 | 80 | 84,775 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (Clean Water Revolving Fund) (Green Bonds), Series 2018, RB |
5.00% | 10/01/2032 | 55 | 58,201 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (Clean Water Revolving Fund) (Green Bonds), Series 2018, RB |
5.00% | 10/01/2033 | 55 | 58,062 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (Clean Water Revolving Fund) (Green Bonds), Series 2018, RB |
5.00% | 10/01/2034 | 10 | 10,531 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (Clean Water Revolving Fund) (Green Bonds), Series 2018, RB |
5.00% | 10/01/2035 | 115 | 120,857 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (Segerstrom Center for the Arts), Series 2017, Ref. RB |
5.00% | 01/01/2028 | 200 | 209,900 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (The Broad) (Green Bonds), Series 2021, Ref. RB |
5.00% | 06/01/2028 | 95 | 101,617 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (The J. Paul Getty Trust), Series 2023, Ref. RB |
5.00% | 04/01/2028 | 10 | 10,682 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (UCSF 2130 Third Street), Series 2017, RB |
5.00% | 05/15/2042 | 730 | 744,976 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (UCSF 2130 Third Street), Series 2017, RB |
5.00% | 05/15/2047 | 145 | 146,635 | ||||||||||||
| California (State of) Municipal Finance Authority (Emerson College), Series 2017 B, Ref. RB |
5.00% | 01/01/2042 | 150 | 149,951 | ||||||||||||
| California (State of) Municipal Finance Authority (Orange County Civic Center Infrastructure Improvement Program - Phase II), Series 2018 A, RB |
5.00% | 06/01/2048 | 240 | 241,517 | ||||||||||||
| California (State of) Municipal Finance Authority (Orange County Civic Center Infrastructure Improvement Program - Phase II), Series 2018, RB |
5.00% | 06/01/2043 | 115 | 116,487 | ||||||||||||
| California (State of) Public Finance Authority (Sharp Healthcare), Series 2017 A, Ref. RB |
4.00% | 08/01/2047 | 25 | 22,545 | ||||||||||||
| California (State of) Public Finance Authority (Sharp Healthcare), Series 2024, Ref. RB |
5.00% | 08/01/2028 | 30 | 32,143 | ||||||||||||
| California (State of) Public Works Board, Series 2021 A, Ref. RB |
5.00% | 02/01/2028 | 20 | 21,109 | ||||||||||||
| California (State of) Public Works Board, Series 2022 A, Ref. RB |
5.00% | 08/01/2028 | 220 | 234,268 | ||||||||||||
| California (State of) Public Works Board, Series 2022 C, Ref. RB |
5.00% | 08/01/2028 | 10 | 10,649 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2017 B, Ref. RB(a)(c) |
5.00% | 10/01/2027 | 5 | 5,266 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2017 B, Ref. RB |
5.00% | 10/01/2028 | 110 | 115,061 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2019 C, RB |
5.00% | 11/01/2028 | 85 | 90,885 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2023 B, Ref. RB |
5.00% | 12/01/2028 | 180 | 192,723 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2023, Ref. RB |
5.00% | 09/01/2028 | 50 | 53,316 | ||||||||||||
| California (State of) Statewide Communities Development Authority (Huntington Memorial Hospital), Series 2018, RB |
4.00% | 07/01/2048 | 150 | 137,215 | ||||||||||||
| California (State of) Statewide Communities Development Authority (Methodist Hospital of Southern California), Series 2018, RB |
5.00% | 01/01/2038 | 25 | 25,609 | ||||||||||||
| California (State of) Statewide Communities Development Authority (Methodist Hospital of Southern California), Series 2018, RB |
4.25% | 01/01/2043 | 135 | 127,963 | ||||||||||||
| California (State of) Statewide Communities Development Authority (Methodist Hospital of Southern California), Series 2018, RB |
5.00% | 01/01/2043 | 10 | 10,102 | ||||||||||||
| California (State of) Statewide Communities Development Authority (Methodist Hospital of Southern California), Series 2018, RB |
5.00% | 01/01/2048 | 265 | 266,639 | ||||||||||||
| California State University, Series 2015 A, Ref. RB |
3.25% | 11/01/2028 | 5 | 5,001 | ||||||||||||
| California State University, Series 2018 A, Ref. RB |
5.00% | 11/01/2034 | 115 | 121,702 | ||||||||||||
| California State University, Series 2018 A, Ref. RB |
5.00% | 11/01/2036 | 65 | 68,146 | ||||||||||||
| California State University, Series 2018 A, Ref. RB |
5.00% | 11/01/2043 | 220 | 224,388 | ||||||||||||
| California State University, Series 2018 A, Ref. RB |
5.00% | 11/01/2048 | 150 | 151,676 | ||||||||||||
| Chaffey Community College District (Election of 2018), Series 2019 A, GO Bonds(a)(c) |
4.00% | 06/01/2028 | 150 | 155,840 | ||||||||||||
| Chaffey Community College District (Election of 2018), Series 2019 A, GO Bonds(a)(c) |
5.00% | 06/01/2028 | 150 | 160,135 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Municipal Bond ETF (BSMS)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| California-(continued) |
||||||||||||||||
| Chaffey Joint Union High School District, Series 2019 D, GO Bonds |
4.00% | 08/01/2049 | $ | 75 | $ | 68,008 | ||||||||||
| Contra Costa (County of), CA Transportation Authority, Series 2018 B, Ref. RB |
5.00% | 03/01/2028 | 125 | 130,195 | ||||||||||||
| Corona-Norco Unified School District (Election of 2014), Series 2019 C, GO Bonds |
4.00% | 08/01/2049 | 60 | 54,498 | ||||||||||||
| East Bay Municipal Utility District, Series 2017 B, Ref. RB |
5.00% | 06/01/2028 | 25 | 26,155 | ||||||||||||
| East Side Union High School District, Series 2024 A, Ref. GO Bonds, (INS - AGI)(b) |
5.00% | 08/01/2028 | 25 | 26,794 | ||||||||||||
| Grossmont-Cuyamaca Community College District (Election of 2012), Series 2018 B, GO Bonds |
4.00% | 08/01/2047 | 25 | 22,934 | ||||||||||||
| Hartnell Community College District, Series 2020 B, GO Bonds |
3.00% | 08/01/2045 | 75 | 56,932 | ||||||||||||
| Hayward Unified School District, Series 2019 A, GO Bonds, (INS - BAM)(b) |
5.00% | 08/01/2044 | 95 | 96,443 | ||||||||||||
| Long Beach Community College District, Series 2019 C, GO Bonds |
4.00% | 08/01/2049 | 150 | 136,245 | ||||||||||||
| Los Angeles (City of), CA, Series 2018 B, Ref. RB |
5.00% | 06/01/2028 | 70 | 74,480 | ||||||||||||
| Los Angeles (City of), CA, Series 2022 C, Ref. RB |
5.00% | 06/01/2028 | 365 | 388,359 | ||||||||||||
| Los Angeles (City of), CA Department of Airports, Series 2019 C, Ref. RB |
5.00% | 05/15/2028 | 65 | 69,083 | ||||||||||||
| Los Angeles (City of), CA Department of Airports, Series 2020 B, Ref. RB |
5.00% | 05/15/2028 | 5 | 5,314 | ||||||||||||
| Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2019 E, RB |
5.00% | 05/15/2044 | 35 | 35,452 | ||||||||||||
| Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2019 E, RB |
5.00% | 05/15/2049 | 290 | 292,688 | ||||||||||||
| Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2020, Ref. RB |
5.00% | 05/15/2028 | 55 | 58,455 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2018 A, RB |
5.00% | 07/01/2048 | 35 | 34,662 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2018 A, Ref. RB |
5.00% | 07/01/2028 | 25 | 25,938 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2018 A, Ref. RB |
5.00% | 07/01/2031 | 35 | 36,073 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2018 A, Ref. RB |
5.00% | 07/01/2032 | 95 | 97,679 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2018 A, Ref. RB |
5.00% | 07/01/2033 | 125 | 128,203 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2018 A, Ref. RB |
5.00% | 07/01/2037 | 135 | 136,841 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2018 A, Ref. RB |
5.00% | 07/01/2038 | 170 | 171,501 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2018 B, Ref. RB |
5.00% | 07/01/2031 | 110 | 113,990 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2018 B, Ref. RB |
5.00% | 07/01/2033 | 5 | 5,152 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2018 B, Ref. RB |
5.00% | 07/01/2035 | 65 | 66,497 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2018 B, Ref. RB |
5.00% | 07/01/2037 | 270 | 274,349 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2018 B, Ref. RB |
5.00% | 07/01/2043 | 420 | 420,178 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2018 D, Ref. RB |
5.00% | 07/01/2033 | 30 | 30,909 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2018 D, Ref. RB |
5.00% | 07/01/2034 | 90 | 92,610 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2018 D, Ref. RB |
5.00% | 07/01/2035 | 110 | 112,533 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2018 D, Ref. RB |
5.00% | 07/01/2036 | 20 | 20,391 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2018 D, Ref. RB |
5.00% | 07/01/2037 | 10 | 10,161 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2018 D, Ref. RB |
5.00% | 07/01/2038 | 10 | 10,104 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2018 D, Ref. RB |
5.00% | 07/01/2039 | 30 | 30,236 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2018 D, Ref. RB |
5.00% | 07/01/2048 | 265 | 262,442 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2020 B, Ref. RB |
4.00% | 07/01/2028 | 100 | 101,488 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2022 E, Ref. RB |
5.00% | 07/01/2028 | 10 | 10,444 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2023 A, Ref. RB |
5.00% | 07/01/2028 | 5 | 5,222 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2023 A, Ref. RB |
5.00% | 07/01/2028 | 25 | 26,111 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2024 E, Ref. RB |
5.00% | 07/01/2028 | 5 | 5,222 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2017 A, RB |
5.00% | 07/01/2028 | 20 | 20,963 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2019 B, RB |
5.00% | 07/01/2032 | 15 | 15,880 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2019 B, RB |
5.00% | 07/01/2033 | 40 | 42,233 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2019 B, RB |
5.00% | 07/01/2034 | 25 | 26,302 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2021 A, RB |
5.00% | 06/01/2028 | 25 | 26,749 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2019 A, RB |
5.00% | 07/01/2028 | 15 | 16,075 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2019 A, RB |
5.00% | 07/01/2030 | 15 | 15,995 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2019 A, RB |
5.00% | 07/01/2031 | 305 | 323,905 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2019 A, RB |
5.00% | 07/01/2037 | 60 | 62,364 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2019 A, RB |
5.00% | 07/01/2038 | 50 | 51,695 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2019 A, RB |
5.00% | 07/01/2039 | 55 | 56,704 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2019 A, RB |
5.00% | 07/01/2044 | 725 | 741,679 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2019 B, RB |
5.00% | 07/01/2035 | 15 | 15,725 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2020, RB |
5.00% | 06/01/2028 | 565 | 604,354 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Senior Bonds), Series 2023, Ref. RB |
5.00% | 07/01/2028 | 45 | 48,224 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Municipal Bond ETF (BSMS)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| California-(continued) |
||||||||||||||||
| Los Angeles Community College District, Series 2024, GO Bonds |
5.00% | 08/01/2028 | $ | 15 | $ | 16,090 | ||||||||||
| Los Angeles Community College District (Election of 2016), Series 2023 D, GO Bonds |
5.00% | 08/01/2028 | 50 | 53,635 | ||||||||||||
| Los Angeles Community College District (Election of 2016), Series 2024 E, GO Bonds |
5.00% | 08/01/2028 | 15 | 16,090 | ||||||||||||
| Los Angeles County Facilities, Inc. (Vermont Corridor County Administration Building), Series 2018 A, RB |
5.00% | 12/01/2043 | 150 | 154,192 | ||||||||||||
| Los Angeles County Facilities, Inc. (Vermont Corridor County Administration Building), Series 2018, RB |
4.00% | 12/01/2048 | 15 | 13,742 | ||||||||||||
| Los Angeles Unified School District, Series 2019 A, Ref. GO Bonds |
5.00% | 07/01/2028 | 70 | 74,629 | ||||||||||||
| Los Angeles Unified School District, Series 2020 A, Ref. GO Bonds |
5.00% | 07/01/2028 | 195 | 207,896 | ||||||||||||
| Los Angeles Unified School District, Series 2020 C, GO Bonds |
5.00% | 07/01/2028 | 155 | 165,251 | ||||||||||||
| Los Angeles Unified School District, Series 2020 RYQ, GO Bonds |
5.00% | 07/01/2028 | 55 | 58,637 | ||||||||||||
| Los Angeles Unified School District, Series 2021 A, Ref. GO Bonds |
5.00% | 07/01/2028 | 105 | 111,944 | ||||||||||||
| Los Angeles Unified School District, Series 2024 A, Ref. GO Bonds |
5.00% | 07/01/2028 | 90 | 95,952 | ||||||||||||
| Los Angeles Unified School District (Election of 2005), Series 2018 M, GO Bonds |
5.25% | 07/01/2042 | 35 | 35,801 | ||||||||||||
| Los Angeles Unified School District (Election of 2008), Series 2018 B-1, GO Bonds |
5.00% | 07/01/2028 | 1,035 | 1,091,928 | ||||||||||||
| Los Angeles Unified School District (Election of 2008), Series 2018 B-1, GO Bonds |
5.00% | 07/01/2029 | 75 | 78,910 | ||||||||||||
| Los Angeles Unified School District (Election of 2008), Series 2018 B-1, GO Bonds |
5.00% | 07/01/2030 | 85 | 89,298 | ||||||||||||
| Los Angeles Unified School District (Election of 2008), Series 2018 B-1, GO Bonds |
5.00% | 07/01/2031 | 15 | 15,739 | ||||||||||||
| Los Angeles Unified School District (Election of 2008), Series 2018 B-1, GO Bonds |
5.00% | 07/01/2033 | 25 | 26,122 | ||||||||||||
| Los Angeles Unified School District (Election of 2008), Series 2018 B-1, GO Bonds |
5.00% | 07/01/2034 | 105 | 109,328 | ||||||||||||
| Los Angeles Unified School District (Election of 2008), Series 2018 B-1, GO Bonds |
5.00% | 07/01/2035 | 30 | 31,120 | ||||||||||||
| Los Angeles Unified School District (Election of 2008), Series 2018 B-1, GO Bonds |
5.00% | 07/01/2036 | 15 | 15,519 | ||||||||||||
| Los Angeles Unified School District (Election of 2008), Series 2018 B-1, GO Bonds |
5.00% | 07/01/2037 | 10 | 10,316 | ||||||||||||
| Los Angeles Unified School District (Election of 2008), Series 2018 B-1, GO Bonds |
5.00% | 07/01/2038 | 20 | 20,549 | ||||||||||||
| Los Angeles Unified School District (Election of 2008), Series 2018 B-1, GO Bonds |
5.25% | 07/01/2042 | 295 | 301,747 | ||||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2022 QRR, GO Bonds |
5.00% | 07/01/2028 | 25 | 26,653 | ||||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2023, GO Bonds |
5.00% | 07/01/2028 | 5 | 5,331 | ||||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2024 QRR, GO Bonds |
5.00% | 07/01/2028 | 75 | 79,960 | ||||||||||||
| Metropolitan Water District of Southern California, Series 2018 B, RB |
5.00% | 09/01/2028 | 50 | 53,977 | ||||||||||||
| Metropolitan Water District of Southern California, Series 2022 A, Ref. RB |
5.00% | 10/01/2028 | 100 | 107,868 | ||||||||||||
| Metropolitan Water District of Southern California, Series 2022 B, Ref. RB |
3.00% | 07/01/2028 | 175 | 175,686 | ||||||||||||
| Mountain View Shoreline Regional Park Community, Series 2018 A, RB, (INS - AGI)(b) |
5.00% | 08/01/2043 | 100 | 101,527 | ||||||||||||
| Mt. San Jacinto Community College District (Election of 2014), Series 2018 B, GO Bonds |
4.00% | 08/01/2043 | 130 | 121,161 | ||||||||||||
| Orange (County of), CA Sanitation District, Series 2017 A, Ref. RB |
5.00% | 02/01/2028 | 20 | 20,816 | ||||||||||||
| Oxnard Union High School District, Series 2020 B, GO Bonds |
5.00% | 08/01/2045 | 75 | 76,456 | ||||||||||||
| Pasadena Unified School District (Election of 2020), Series 2023 C, GO Bonds |
5.00% | 08/01/2028 | 30 | 32,096 | ||||||||||||
| Pittsburg Unified School District Financing Authority (Pittsburg Unified School District Bond Program), Series 2019, RB, (INS - AGI)(b) |
5.00% | 09/01/2047 | 25 | 25,312 | ||||||||||||
| Rancho Santiago Community College District, Series 2005, GO Bonds, (INS - AGI)(b) |
5.13% | 09/01/2028 | 50 | 54,009 | ||||||||||||
| Redwood City School District (Election of 2015), Series 2018, GO Bonds |
5.25% | 08/01/2044 | 200 | 206,567 | ||||||||||||
| Riverside (County of), CA Transportation Commission, Series 2017 B, Ref. RB |
5.00% | 06/01/2028 | 100 | 105,467 | ||||||||||||
| Sacramento (City of), CA (Convention Center Complex), Series 2018 A, RB |
5.00% | 06/01/2043 | 185 | 185,388 | ||||||||||||
| Sacramento (City of), CA (Convention Center Complex), Series 2018 A, RB |
5.00% | 06/01/2048 | 150 | 150,243 | ||||||||||||
| Sacramento (City of), CA (Convention Center Complex), Series 2018, RB |
5.00% | 06/01/2043 | 65 | 64,894 | ||||||||||||
| Sacramento (City of), CA Municipal Utility District, Series 2016 D, Ref. RB |
5.00% | 08/15/2028 | 135 | 144,962 | ||||||||||||
| Sacramento (City of), CA Municipal Utility District, Series 2018 F, Ref. RB |
5.00% | 08/15/2028 | 70 | 75,165 | ||||||||||||
| Sacramento (City of), CA Municipal Utility District, Series 2021 I, Ref. RB |
5.00% | 08/15/2028 | 55 | 59,058 | ||||||||||||
| Sacramento (City of), CA Municipal Utility District, Series 2022 J, Ref. RB |
5.00% | 08/15/2028 | 15 | 16,107 | ||||||||||||
| Sacramento (County of), CA Sanitation Districts Financing Authority, Series 2020 A, Ref. RB |
5.00% | 12/01/2028 | 45 | 48,711 | ||||||||||||
| Sacramento (County of), CA Sanitation Districts Financing Authority, Series 2021, Ref. RB |
5.00% | 12/01/2028 | 60 | 64,948 | ||||||||||||
| Sacramento Transportation Authority (Measure A), Series 2023, Ref. RB |
5.00% | 10/01/2028 | 110 | 118,655 | ||||||||||||
| San Diego (City of), CA Public Facilities Financing Authority, Series 2018 A, RB |
5.00% | 08/01/2043 | 130 | 131,341 | ||||||||||||
| San Diego (City of), CA Public Facilities Financing Authority, Series 2018 A, RB |
5.25% | 08/01/2047 | 25 | 25,416 | ||||||||||||
| San Diego (County of), CA Water Authority (Green Bonds), Series 2021 S-1, Ref. RB |
5.00% | 05/01/2028 | 280 | 297,793 | ||||||||||||
| San Diego Unified School District (Election of 1998), Series 2006 G-1, Ref. GO Bonds, (INS - AGI)(b) |
5.25% | 07/01/2028 | 135 | 145,291 | ||||||||||||
| San Diego Unified School District (Election of 1998), Series 2006, Ref. GO Bonds, (INS - AGI)(b) |
5.25% | 07/01/2028 | 60 | 64,574 | ||||||||||||
| San Diego Unified School District (Election of 1998), Series 2024 A, GO Bonds |
5.00% | 07/01/2028 | 20 | 21,347 | ||||||||||||
| San Diego Unified School District (Election of 1998), Series 2025, Ref. GO Bonds |
5.00% | 07/01/2028 | 5 | 5,337 | ||||||||||||
| San Diego Unified School District (Election of 2018) (Green Bonds), Series 2023, GO Bonds |
5.00% | 07/01/2028 | 100 | 106,735 | ||||||||||||
| San Francisco (City & County of), CA, Series 2020 R-1, Ref. GO Bonds |
5.00% | 06/15/2030 | 50 | 53,108 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Municipal Bond ETF (BSMS)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| California-(continued) |
||||||||||||||||
| San Francisco (City & County of), CA, Series 2020 R-1, Ref. GO Bonds |
5.00% | 06/15/2031 | $ | 115 | $ | 122,148 | ||||||||||
| San Francisco (City & County of), CA, Series 2020 R-1, Ref. GO Bonds |
4.00% | 06/15/2032 | 140 | 141,007 | ||||||||||||
| San Francisco (City & County of), CA, Series 2022, Ref. GO Bonds |
5.00% | 06/15/2028 | 10 | 10,701 | ||||||||||||
| San Francisco (City & County of), CA, Series 2024 R1, Ref. GO Bonds |
5.00% | 06/15/2028 | 5 | 5,351 | ||||||||||||
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2018, RB |
5.00% | 05/01/2048 | 100 | 100,720 | ||||||||||||
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2019 D, Ref. RB |
5.00% | 05/01/2028 | 120 | 127,444 | ||||||||||||
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2022, Ref. RB |
5.00% | 05/01/2028 | 5 | 5,310 | ||||||||||||
| San Francisco (City & County of), CA Public Utilities Commission (Green Bonds), Series 2017 D, Ref. RB |
5.00% | 11/01/2028 | 85 | 89,402 | ||||||||||||
| San Francisco (City & County of), CA Public Utilities Commission (Green Bonds), Series 2018 B, Ref. RB |
5.00% | 10/01/2043 | 145 | 147,733 | ||||||||||||
| San Francisco (City & County of), CA Public Utilities Commission (Green Bonds), Series 2023 A, RB |
5.00% | 10/01/2028 | 10 | 10,760 | ||||||||||||
| San Francisco (County of), CA Transportation Authority, Series 2017, RB |
4.00% | 02/01/2028 | 25 | 25,589 | ||||||||||||
| San Jose (City of), CA, Series 2019 C, Ref. GO Bonds |
5.00% | 09/01/2028 | 5 | 5,390 | ||||||||||||
| San Leandro Unified School District (Election of 2020), Series 2020 A, GO Bonds, (INS - BAM)(b) |
4.00% | 08/01/2043 | 55 | 50,655 | ||||||||||||
| San Lorenzo Unified School District, Series 2021, GO Bonds |
4.00% | 08/01/2047 | 80 | 73,388 | ||||||||||||
| San Mateo (City of), CA Joint Powers Financing Authority (Capital), Series 2018 A, RB |
5.00% | 07/15/2043 | 150 | 152,355 | ||||||||||||
| San Mateo County Community College District (Election of 2014), Series 2018 B, GO Bonds |
5.00% | 09/01/2045 | 185 | 189,388 | ||||||||||||
| Santa Clara (County of), CA (Election of 2008), Series 2022 D, Ref. GO Bonds |
5.00% | 08/01/2028 | 25 | 26,881 | ||||||||||||
| Santa Clara (County of), CA Financing Authority, Series 2018 A, RB |
4.00% | 04/01/2043 | 20 | 18,516 | ||||||||||||
| Santa Clara Valley Transportation Authority, Series 2023 A, Ref. RB |
5.00% | 04/01/2028 | 95 | 101,457 | ||||||||||||
| Santa Monica Community College District (Election of 2016), Series 2018 A, GO Bonds |
5.00% | 08/01/2043 | 20 | 20,526 | ||||||||||||
| Southern California Public Power Authority (No.1), Series 2007 A, RB |
5.00% | 11/01/2028 | 100 | 102,592 | ||||||||||||
| Sweetwater Union High School District, Series 2024, Ref. GO Bonds |
5.00% | 08/01/2028 | 10 | 10,699 | ||||||||||||
| Tuolumne (City of), CA Wind Project Authority (Tuolumne Wind Project), Series 2016 A, Ref. RB(a)(c) |
5.00% | 01/01/2027 | 75 | 77,589 | ||||||||||||
| University of California, Series 2018 AZ, Ref. RB |
4.00% | 05/15/2028 | 10 | 10,344 | ||||||||||||
| University of California, Series 2018 AZ, Ref. RB |
4.00% | 05/15/2030 | 45 | 45,951 | ||||||||||||
| University of California, Series 2018 AZ, Ref. RB |
4.00% | 05/15/2031 | 25 | 25,283 | ||||||||||||
| University of California, Series 2018 AZ, Ref. RB |
5.00% | 05/15/2031 | 5 | 5,270 | ||||||||||||
| University of California, Series 2018 AZ, Ref. RB |
5.00% | 05/15/2032 | 25 | 26,266 | ||||||||||||
| University of California, Series 2018 AZ, Ref. RB |
5.00% | 05/15/2033 | 25 | 26,177 | ||||||||||||
| University of California, Series 2018 AZ, Ref. RB |
5.00% | 05/15/2034 | 185 | 193,054 | ||||||||||||
| University of California, Series 2018 AZ, Ref. RB |
5.00% | 05/15/2035 | 75 | 77,978 | ||||||||||||
| University of California, Series 2018 AZ, Ref. RB |
5.00% | 05/15/2036 | 110 | 114,057 | ||||||||||||
| University of California, Series 2018 AZ, Ref. RB |
5.00% | 05/15/2037 | 65 | 67,184 | ||||||||||||
| University of California, Series 2018 AZ, Ref. RB |
5.00% | 05/15/2038 | 30 | 30,914 | ||||||||||||
| University of California, Series 2018 AZ, Ref. RB |
5.00% | 05/15/2043 | 680 | 692,986 | ||||||||||||
| University of California, Series 2018 AZ, Ref. RB |
5.00% | 05/15/2048 | 125 | 126,393 | ||||||||||||
| University of California, Series 2018 AZ, Ref. RB |
5.25% | 05/15/2058 | 1,315 | 1,339,646 | ||||||||||||
| University of California, Series 2022 S, Ref. RB |
5.00% | 05/15/2028 | 5 | 5,310 | ||||||||||||
| University of California, Series 2023 BN, Ref. RB |
5.00% | 05/15/2028 | 45 | 47,813 | ||||||||||||
| University of California (Limited), Series 2018 O, Ref. RB |
4.00% | 05/15/2030 | 35 | 35,740 | ||||||||||||
| University of California (Limited), Series 2018 O, Ref. RB |
5.00% | 05/15/2031 | 40 | 42,137 | ||||||||||||
| University of California (Limited), Series 2018 O, Ref. RB |
5.00% | 05/15/2034 | 20 | 20,871 | ||||||||||||
| University of California (Limited), Series 2018 O, Ref. RB |
5.00% | 05/15/2035 | 65 | 67,581 | ||||||||||||
| University of California (Limited), Series 2018 O, Ref. RB |
5.00% | 05/15/2036 | 100 | 103,689 | ||||||||||||
| University of California (Limited), Series 2018 O, Ref. RB |
5.00% | 05/15/2037 | 75 | 77,520 | ||||||||||||
| University of California (Limited), Series 2018 O, Ref. RB |
5.00% | 05/15/2038 | 240 | 247,314 | ||||||||||||
| University of California (Limited), Series 2018 O, Ref. RB |
5.00% | 05/15/2039 | 50 | 51,437 | ||||||||||||
| University of California (Limited), Series 2018 O, Ref. RB |
5.00% | 05/15/2043 | 285 | 290,284 | ||||||||||||
| University of California (Limited), Series 2018 O, Ref. RB |
4.00% | 05/15/2048 | 85 | 77,044 | ||||||||||||
| University of California (Limited), Series 2018 O, Ref. RB |
5.00% | 05/15/2048 | 190 | 192,013 | ||||||||||||
| Upland (City of), CA (San Antonio Regional Hospital), Series 2017, Ref. COP |
5.00% | 01/01/2047 | 70 | 69,664 | ||||||||||||
| Vacaville Unified School District, Series 2020 D, GO Bonds |
4.00% | 08/01/2045 | 160 | 146,911 | ||||||||||||
| Vernon (City of), CA, Series 2021 A, RB |
5.00% | 04/01/2028 | 100 | 104,154 | ||||||||||||
|
|
|
|||||||||||||||
| 30,770,130 | ||||||||||||||||
|
|
|
|||||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Municipal Bond ETF (BSMS)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Colorado-2.24% |
||||||||||||||||
| Arapahoe County School District No. 6 Littleton, Series 2019 A, GO Bonds |
5.50% | 12/01/2028 | $ | 290 | $ | 315,393 | ||||||||||
| Arapahoe County School District No. 6 Littleton, Series 2019 A, GO Bonds |
5.50% | 12/01/2043 | 30 | 31,259 | ||||||||||||
| Colorado (State of), Series 2018 A, COP |
5.00% | 12/15/2028 | 90 | 96,295 | ||||||||||||
| Colorado (State of), Series 2018 A, COP |
5.00% | 12/15/2031 | 165 | 173,937 | ||||||||||||
| Colorado (State of), Series 2018 A, COP |
5.00% | 12/15/2032 | 65 | 68,174 | ||||||||||||
| Colorado (State of), Series 2018 A, COP |
4.00% | 12/15/2034 | 465 | 467,095 | ||||||||||||
| Colorado (State of), Series 2018 A, COP |
4.00% | 12/15/2036 | 10 | 9,881 | ||||||||||||
| Colorado (State of), Series 2018 M, Ref. COP |
5.00% | 03/15/2031 | 80 | 83,532 | ||||||||||||
| Colorado (State of), Series 2018 N, COP |
5.00% | 03/15/2037 | 5 | 5,162 | ||||||||||||
| Colorado (State of), Series 2018 N, COP |
5.00% | 03/15/2038 | 210 | 216,335 | ||||||||||||
| Colorado (State of), Series 2020 A, COP |
5.00% | 12/15/2028 | 65 | 69,546 | ||||||||||||
| Colorado (State of), Series 2021 A, COP |
5.00% | 12/15/2028 | 40 | 42,798 | ||||||||||||
| Colorado (State of) Health Facilities Authority (Adventist Health System/Sunbelt Obligated Group), Series 2018 A, RB |
5.00% | 11/15/2048 | 180 | 178,580 | ||||||||||||
| Colorado (State of) Health Facilities Authority (Adventist Health System/Sunbelt Obligated Group), Series 2018, RB |
4.00% | 11/15/2048 | 25 | 21,439 | ||||||||||||
| Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2019 A-1, Ref. RB |
5.00% | 08/01/2028 | 25 | 26,296 | ||||||||||||
| Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2019 A-2, Ref. RB |
5.00% | 08/01/2028 | 75 | 78,888 | ||||||||||||
| Colorado (State of) Health Facilities Authority (SCL Health System), Series 2019 A, Ref. RB |
5.00% | 01/01/2028 | 10 | 10,500 | ||||||||||||
| Colorado (State of) Regional Transportation District (Fastracks), Series 2013 A, Ref. RB |
5.00% | 11/01/2028 | 95 | 101,769 | ||||||||||||
| Colorado (State of) Regional Transportation District (Green Bonds), Series 2021, Ref. RB |
5.00% | 11/01/2028 | 25 | 26,781 | ||||||||||||
| Colorado Springs (City of), CO, Series 2018 A-4, RB |
5.00% | 11/15/2048 | 90 | 90,885 | ||||||||||||
| Denver (City & County of), CO, Series 2020 B, Ref. GO Bonds |
5.00% | 08/01/2028 | 375 | 400,611 | ||||||||||||
| Denver (City & County of), CO, Series 2022 C, Ref. RB |
5.00% | 11/15/2028 | 35 | 37,375 | ||||||||||||
| Denver (City & County of), CO, Series 2023 A, Ref. RB |
5.00% | 11/15/2028 | 10 | 10,652 | ||||||||||||
| Denver (City & County of), CO (Wellington E. Webb Municipal Office Building), Series 2023, Ref. COP |
5.00% | 12/01/2028 | 30 | 32,079 | ||||||||||||
| Denver City & County School District No. 1, Series 2018 A, GO Bonds |
5.50% | 12/01/2028 | 30 | 31,881 | ||||||||||||
| Denver City & County School District No. 1, Series 2021 B, Ref. GO Bonds |
4.00% | 12/01/2028 | 35 | 36,329 | ||||||||||||
| Douglas County School District No. Re-1 Douglas & Elbert Counties, Series 2019, GO Bonds |
5.00% | 12/15/2028 | 40 | 42,867 | ||||||||||||
| Douglas County School District No. Re-1 Douglas & Elbert Counties, Series 2019, GO Bonds |
5.00% | 12/15/2037 | 25 | 25,813 | ||||||||||||
| Douglas County School District No. Re-1 Douglas & Elbert Counties, Series 2019, GO Bonds |
5.00% | 12/15/2038 | 10 | 10,279 | ||||||||||||
| E-470 Public Highway Authority, Series 2020 A, Ref. RB |
5.00% | 09/01/2028 | 10 | 10,634 | ||||||||||||
| Jefferson County School District R-1, Series 2018, GO Bonds |
5.00% | 12/15/2030 | 110 | 116,871 | ||||||||||||
| Jefferson County School District R-1, Series 2018, GO Bonds |
5.00% | 12/15/2031 | 55 | 58,224 | ||||||||||||
| Jefferson County School District R-1, Series 2018, GO Bonds |
5.00% | 12/15/2032 | 55 | 57,947 | ||||||||||||
| Jefferson County School District R-1, Series 2018, GO Bonds |
5.00% | 12/15/2033 | 75 | 78,754 | ||||||||||||
| Jefferson County School District R-1, Series 2018, GO Bonds |
5.00% | 12/15/2034 | 30 | 31,395 | ||||||||||||
| Jefferson County School District R-1, Series 2018, GO Bonds |
5.00% | 12/15/2038 | 5 | 5,138 | ||||||||||||
| Larimer County School District No. R-1 Poudre, Series 2018, GO Bonds |
5.00% | 12/15/2031 | 80 | 84,142 | ||||||||||||
| Larimer County School District No. R-1 Poudre, Series 2018, GO Bonds |
4.00% | 12/15/2033 | 50 | 50,759 | ||||||||||||
| Larimer County School District No. R-1 Poudre, Series 2018, GO Bonds |
5.00% | 12/15/2034 | 110 | 114,632 | ||||||||||||
| Larimer County School District No. R-1 Poudre, Series 2018, GO Bonds |
4.00% | 12/15/2035 | 50 | 50,385 | ||||||||||||
| Larimer County School District No. R-1 Poudre, Series 2018, GO Bonds |
4.00% | 12/15/2036 | 35 | 35,111 | ||||||||||||
| Larimer County School District No. R-1 Poudre, Series 2018, GO Bonds |
5.00% | 12/15/2037 | 95 | 97,805 | ||||||||||||
| Loveland (City of), CO Electric & Communications Enterprise, Series 2019 A, RB |
5.00% | 12/01/2044 | 100 | 100,405 | ||||||||||||
| Metro Water Recovery, Series 2025 A, Ref. RB |
5.00% | 04/01/2028 | 10 | 10,604 | ||||||||||||
| University of Colorado, Series 2017 A-2, Ref. RB(a)(c) |
4.00% | 06/01/2028 | 65 | 67,283 | ||||||||||||
| University of Colorado, Series 2017 A-2, Ref. RB(a)(c) |
4.00% | 06/01/2028 | 50 | 51,757 | ||||||||||||
| University of Colorado, Series 2017 A-2, Ref. RB(a)(c) |
5.00% | 06/01/2028 | 70 | 74,459 | ||||||||||||
| University of Colorado, Series 2017 A-2, Ref. RB |
5.00% | 06/01/2028 | 5 | 5,311 | ||||||||||||
| University of Colorado, Series 2017 A-2, Ref. RB(a) |
4.00% | 06/01/2038 | 85 | 87,231 | ||||||||||||
| University of Colorado, Series 2017 A-2, Ref. RB |
4.00% | 06/01/2038 | 170 | 165,077 | ||||||||||||
| University of Colorado, Series 2017 A-2, Ref. RB |
4.00% | 06/01/2039 | 25 | 23,929 | ||||||||||||
| University of Colorado, Series 2024 A, Ref. RB |
5.00% | 10/01/2028 | 5 | 5,341 | ||||||||||||
|
|
|
|||||||||||||||
| 4,125,625 | ||||||||||||||||
|
|
|
|||||||||||||||
| Connecticut-2.49% |
||||||||||||||||
| Connecticut (State of), Series 2018 A, GO Bonds |
5.00% | 04/15/2033 | 10 | 10,447 | ||||||||||||
| Connecticut (State of), Series 2018 A, GO Bonds |
5.00% | 04/15/2035 | 30 | 31,124 | ||||||||||||
| Connecticut (State of), Series 2018 A, GO Bonds |
5.00% | 04/15/2037 | 40 | 41,209 | ||||||||||||
| Connecticut (State of), Series 2018 A, Ref. GO Bonds |
5.00% | 04/15/2028 | 70 | 74,180 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Municipal Bond ETF (BSMS)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Connecticut-(continued) |
||||||||||||||||
| Connecticut (State of), Series 2018 B, RB |
5.00% | 10/01/2028 | $ | 185 | $ | 197,599 | ||||||||||
| Connecticut (State of), Series 2018 B, RB |
5.00% | 10/01/2030 | 75 | 79,484 | ||||||||||||
| Connecticut (State of), Series 2018 B, RB |
5.00% | 10/01/2031 | 70 | 73,984 | ||||||||||||
| Connecticut (State of), Series 2018 B, RB |
5.00% | 10/01/2032 | 140 | 147,544 | ||||||||||||
| Connecticut (State of), Series 2018 B, RB |
5.00% | 10/01/2034 | 25 | 26,111 | ||||||||||||
| Connecticut (State of), Series 2018 B, RB |
5.00% | 10/01/2035 | 35 | 36,406 | ||||||||||||
| Connecticut (State of), Series 2018 B, RB |
5.00% | 10/01/2038 | 65 | 66,645 | ||||||||||||
| Connecticut (State of), Series 2018 C, GO Bonds |
5.00% | 06/15/2028 | 10 | 10,629 | ||||||||||||
| Connecticut (State of), Series 2018 C, GO Bonds |
5.00% | 06/15/2032 | 595 | 624,917 | ||||||||||||
| Connecticut (State of), Series 2018 C, GO Bonds |
4.00% | 06/15/2036 | 5 | 4,988 | ||||||||||||
| Connecticut (State of), Series 2018 E, GO Bonds |
5.00% | 09/15/2028 | 10 | 10,673 | ||||||||||||
| Connecticut (State of), Series 2018 E, GO Bonds |
5.00% | 09/15/2032 | 15 | 15,800 | ||||||||||||
| Connecticut (State of), Series 2018 E, GO Bonds |
5.00% | 09/15/2033 | 20 | 20,975 | ||||||||||||
| Connecticut (State of), Series 2018 E, GO Bonds |
5.00% | 09/15/2035 | 10 | 10,398 | ||||||||||||
| Connecticut (State of), Series 2018 E, GO Bonds |
4.00% | 09/15/2036 | 430 | 427,610 | ||||||||||||
| Connecticut (State of), Series 2018 F, Ref. GO Bonds |
5.00% | 09/15/2028 | 40 | 42,693 | ||||||||||||
| Connecticut (State of), Series 2019 A, GO Bonds |
5.00% | 04/15/2028 | 60 | 63,583 | ||||||||||||
| Connecticut (State of), Series 2019 B, Ref. GO Bonds |
5.00% | 02/15/2028 | 100 | 105,646 | ||||||||||||
| Connecticut (State of), Series 2020 A, GO Bonds |
5.00% | 01/15/2028 | 20 | 21,097 | ||||||||||||
| Connecticut (State of), Series 2020, RB |
5.00% | 05/01/2028 | 80 | 84,847 | ||||||||||||
| Connecticut (State of), Series 2021 A, GO Bonds |
4.00% | 01/15/2028 | 230 | 236,083 | ||||||||||||
| Connecticut (State of), Series 2021 A, RB |
5.00% | 05/01/2028 | 360 | 381,812 | ||||||||||||
| Connecticut (State of), Series 2021 D, RB |
5.00% | 11/01/2028 | 150 | 160,435 | ||||||||||||
| Connecticut (State of), Series 2022 A, GO Bonds |
4.00% | 01/15/2028 | 95 | 97,513 | ||||||||||||
| Connecticut (State of), Series 2022 E, GO Bonds |
5.00% | 11/15/2028 | 140 | 149,834 | ||||||||||||
| Connecticut (State of), Series 2022 G, Ref. GO Bonds |
5.00% | 11/15/2028 | 245 | 262,210 | ||||||||||||
| Connecticut (State of), Series 2023 A, RB |
5.00% | 07/01/2028 | 15 | 15,956 | ||||||||||||
| Connecticut (State of), Series 2023 B, Ref. GO Bonds |
5.00% | 08/01/2028 | 95 | 101,191 | ||||||||||||
| Connecticut (State of), Series 2023 B, Ref. RB |
5.00% | 07/01/2028 | 15 | 15,956 | ||||||||||||
| Connecticut (State of), Series 2024 A, GO Bonds |
5.00% | 01/15/2028 | 65 | 68,565 | ||||||||||||
| Connecticut (State of), Series 2024 A-1, RB |
5.00% | 07/01/2028 | 10 | 10,637 | ||||||||||||
| Connecticut (State of), Series 2024 B, Ref. RB |
5.00% | 07/01/2028 | 20 | 21,274 | ||||||||||||
| Connecticut (State of), Series 2024 C, Ref. GO Bonds |
5.00% | 03/01/2028 | 70 | 74,013 | ||||||||||||
| Connecticut (State of), Series 2024 E, Ref. GO Bonds |
5.00% | 09/01/2028 | 10 | 10,666 | ||||||||||||
| Connecticut (State of) (Social Bonds), Series 2021 D, Ref. GO Bonds |
5.00% | 07/15/2028 | 115 | 122,404 | ||||||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2018 A, RB |
5.00% | 01/01/2032 | 35 | 36,542 | ||||||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2018 A, RB |
5.00% | 01/01/2036 | 85 | 87,535 | ||||||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2018 A, RB |
5.00% | 01/01/2038 | 155 | 158,449 | ||||||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2018 B, RB |
5.00% | 10/01/2033 | 40 | 41,970 | ||||||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2018, RB |
5.00% | 01/01/2028 | 25 | 26,352 | ||||||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2018, RB |
5.00% | 01/01/2030 | 85 | 89,079 | ||||||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2018, RB |
5.00% | 01/01/2031 | 30 | 31,376 | ||||||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2018, RB |
5.00% | 01/01/2034 | 35 | 36,295 | ||||||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2022 A, RB |
5.00% | 07/01/2028 | 10 | 10,637 | ||||||||||||
| Connecticut (State of) Health & Educational Facilities Authority, Series 2024 A, Ref. RB |
5.00% | 07/01/2028 | 5 | 5,294 | ||||||||||||
| University of Connecticut, Series 2018 A, RB |
4.00% | 04/15/2038 | 15 | 14,857 | ||||||||||||
| University of Connecticut, Series 2018 A, RB |
5.00% | 11/15/2043 | 100 | 101,503 | ||||||||||||
|
|
|
|||||||||||||||
| 4,597,027 | ||||||||||||||||
|
|
|
|||||||||||||||
| Delaware-0.37% |
||||||||||||||||
| Delaware (State of), Series 2017 A, Ref. GO Bonds |
5.00% | 01/01/2028 | 40 | 42,276 | ||||||||||||
| Delaware (State of), Series 2019, GO Bonds |
5.00% | 02/01/2028 | 10 | 10,586 | ||||||||||||
| Delaware (State of), Series 2020 A, GO Bonds |
5.00% | 01/01/2028 | 10 | 10,569 | ||||||||||||
| Delaware (State of) Health Facilities Authority (Beebe Medical Center), Series 2018, RB |
5.00% | 06/01/2050 | 450 | 418,483 | ||||||||||||
| Delaware (State of) Transportation Authority, Series 2016, Ref. RB |
3.00% | 07/01/2028 | 100 | 99,699 | ||||||||||||
| Delaware (State of) Transportation Authority, Series 2020, Ref. RB |
5.00% | 07/01/2028 | 100 | 106,583 | ||||||||||||
|
|
|
|||||||||||||||
| 688,196 | ||||||||||||||||
|
|
|
|||||||||||||||
| District of Columbia-1.42% |
||||||||||||||||
| District of Columbia, Series 2017 A, Ref. GO Bonds |
5.00% | 06/01/2028 | 300 | 311,367 | ||||||||||||
| District of Columbia, Series 2017 A, Ref. RB |
5.00% | 07/01/2037 | 10 | 10,151 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Municipal Bond ETF (BSMS)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| District of Columbia-(continued) |
||||||||||||||||
| District of Columbia, Series 2017 D, GO Bonds |
5.00% | 06/01/2028 | $ | 20 | $ | 20,758 | ||||||||||
| District of Columbia, Series 2018 A, GO Bonds |
5.00% | 06/01/2043 | 10 | 10,071 | ||||||||||||
| District of Columbia, Series 2018 B, Ref. GO Bonds |
5.00% | 06/01/2030 | 50 | 52,603 | ||||||||||||
| District of Columbia, Series 2018 B, Ref. GO Bonds |
5.00% | 06/01/2031 | 30 | 31,545 | ||||||||||||
| District of Columbia, Series 2018 B, Ref. GO Bonds |
5.00% | 06/01/2032 | 55 | 57,707 | ||||||||||||
| District of Columbia, Series 2019 A, GO Bonds |
5.00% | 10/15/2028 | 90 | 96,071 | ||||||||||||
| District of Columbia, Series 2019 A, RB |
5.00% | 03/01/2028 | 85 | 89,781 | ||||||||||||
| District of Columbia, Series 2019 C, Ref. RB |
5.00% | 10/01/2028 | 40 | 42,672 | ||||||||||||
| District of Columbia, Series 2020 A, RB |
5.00% | 03/01/2028 | 25 | 26,406 | ||||||||||||
| District of Columbia, Series 2020 B, Ref. RB |
5.00% | 10/01/2028 | 385 | 410,714 | ||||||||||||
| District of Columbia, Series 2020, RB |
5.00% | 12/01/2028 | 105 | 112,025 | ||||||||||||
| District of Columbia, Series 2021 E, Ref. GO Bonds |
5.00% | 02/01/2028 | 30 | 31,640 | ||||||||||||
| District of Columbia, Series 2022 C, Ref. RB |
5.00% | 12/01/2028 | 45 | 48,134 | ||||||||||||
| District of Columbia, Series 2023 B, Ref. GO Bonds |
5.00% | 06/01/2028 | 15 | 15,915 | ||||||||||||
| District of Columbia, Series 2024 C, Ref. GO Bonds |
5.00% | 12/01/2028 | 180 | 192,538 | ||||||||||||
| District of Columbia (KIPP DC), Series 2017 B, Ref. RB |
5.00% | 07/01/2037 | 25 | 25,377 | ||||||||||||
| District of Columbia (KIPP DC), Series 2017 B, Ref. RB |
5.00% | 07/01/2048 | 10 | 9,731 | ||||||||||||
| District of Columbia Water & Sewer Authority, Series 2018 B, RB |
5.00% | 10/01/2043 | 80 | 80,978 | ||||||||||||
| District of Columbia Water & Sewer Authority, Series 2018 B, RB |
5.00% | 10/01/2049 | 200 | 200,928 | ||||||||||||
| District of Columbia Water & Sewer Authority, Series 2024 A, Ref. RB |
5.00% | 10/01/2028 | 5 | 5,339 | ||||||||||||
| District of Columbia Water & Sewer Authority (Green Bonds), Series 2018 A, RB |
5.00% | 10/01/2049 | 125 | 125,580 | ||||||||||||
| Metropolitan Washington Airports Authority, Series 2019 A, Ref. RB |
5.00% | 10/01/2044 | 230 | 231,021 | ||||||||||||
| Metropolitan Washington Airports Authority (Dulles Metrorail and Capital Improvement), Series 2010, RB, (INS - AGI)(b) |
6.50% | 10/01/2044 | 50 | 53,232 | ||||||||||||
| Washington Convention & Sports Authority, Series 2018 A, Ref. RB |
5.00% | 10/01/2028 | 135 | 140,334 | ||||||||||||
| Washington Metropolitan Area Transit Authority, Series 2020 A, RB |
5.00% | 07/15/2028 | 115 | 122,191 | ||||||||||||
| Washington Metropolitan Area Transit Authority (Green Bonds), Series 2021 A, RB |
5.00% | 07/15/2028 | 70 | 74,377 | ||||||||||||
|
|
|
|||||||||||||||
| 2,629,186 | ||||||||||||||||
|
|
|
|||||||||||||||
| Florida-2.36% |
||||||||||||||||
| Broward (County of), FL School Board, Series 2019 A, Ref. COP |
5.00% | 07/01/2028 | 190 | 200,835 | ||||||||||||
| Central Florida Expressway Authority, Series 2018, RB |
5.00% | 07/01/2048 | 185 | 186,397 | ||||||||||||
| Central Florida Expressway Authority, Series 2021, Ref. RB, (INS - AGI)(b) |
5.00% | 07/01/2028 | 150 | 159,463 | ||||||||||||
| Davie (Town of), FL (Nova Southeastern University), Series 2018, Ref. RB |
5.00% | 04/01/2048 | 150 | 147,442 | ||||||||||||
| Duval County (County of), FL School Board, Series 2022 A, COP, (INS - AGI)(b) |
5.00% | 07/01/2028 | 50 | 52,851 | ||||||||||||
| Florida (State of), Series 2017 A, Ref. RB |
5.00% | 07/01/2028 | 190 | 201,871 | ||||||||||||
| Florida (State of), Series 2021 B, Ref. GO Bonds |
5.00% | 06/01/2028 | 20 | 21,268 | ||||||||||||
| Florida (State of), Series 2022 C, Ref. GO Bonds |
5.00% | 06/01/2028 | 175 | 186,096 | ||||||||||||
| Florida (State of) Department of Management Services, Series 2018 A, Ref. COP |
5.00% | 11/01/2028 | 30 | 31,966 | ||||||||||||
| Florida (State of) Department of Transportation, Series 2020 A, Ref. RB |
5.00% | 07/01/2028 | 75 | 79,663 | ||||||||||||
| Florida (State of) Department of Transportation, Series 2022 A, Ref. RB |
5.00% | 07/01/2028 | 40 | 42,487 | ||||||||||||
| Florida (State of) Municipal Power Agency, Series 2018 A, Ref. RB |
4.00% | 10/01/2028 | 10 | 10,109 | ||||||||||||
| Florida (State of) North Broward Hospital District, Series 2017 B, Ref. RB |
5.00% | 01/01/2048 | 200 | 195,724 | ||||||||||||
| Gainesville (City of), FL, Series 2017 A, RB |
5.00% | 10/01/2028 | 85 | 89,178 | ||||||||||||
| Hillsborough (County of), FL Aviation Authority (Tampa International Airport), Series 2018 F, RB |
5.00% | 10/01/2043 | 10 | 10,084 | ||||||||||||
| Hillsborough (County of), FL Aviation Authority (Tampa International Airport), Series 2018 F, RB |
5.00% | 10/01/2048 | 250 | 248,922 | ||||||||||||
| Hillsborough (County of), FL School Board (Master Lease Program), Series 2017, Ref. COP |
5.00% | 07/01/2028 | 160 | 165,531 | ||||||||||||
| Hillsborough (County of), FL School Board (Master Lease Program), Series 2018, Ref. COP |
5.00% | 07/01/2030 | 95 | 99,983 | ||||||||||||
| JEA Electric System, Series 2017 B, Ref. RB |
5.00% | 10/01/2028 | 100 | 104,249 | ||||||||||||
| JEA Electric System, Third Series 2024 A, Ref. RB, (INS - AGI)(b) |
5.00% | 10/01/2028 | 55 | 58,619 | ||||||||||||
| JEA Water & Sewer System, Series 2017 A, Ref. RB |
5.00% | 10/01/2028 | 25 | 26,120 | ||||||||||||
| Lee (County of), FL Industrial Development Authority, Series 2019 A-1, Ref. RB |
5.00% | 04/01/2028 | 60 | 62,804 | ||||||||||||
| Miami-Dade (County of), FL, Series 2017 B, Ref. RB |
5.00% | 10/01/2028 | 40 | 41,819 | ||||||||||||
| Miami-Dade (County of), FL, Series 2019, RB |
5.00% | 10/01/2043 | 115 | 116,413 | ||||||||||||
| Miami-Dade (County of), FL Educational Facilities Authority (University of Miami), Series 2007 B, Ref. RB, (INS - AMBAC)(b) |
5.25% | 04/01/2028 | 5 | 5,287 | ||||||||||||
| Miami-Dade (County of), FL Transit System, Series 2018, RB |
4.00% | 07/01/2045 | 115 | 103,606 | ||||||||||||
| Orange (County of), FL School Board, Series 2017 C, COP |
5.00% | 08/01/2028 | 10 | 10,611 | ||||||||||||
| Orlando (City of), FL, Series 2018 B, RB |
5.00% | 10/01/2048 | 820 | 826,548 | ||||||||||||
| Palm Beach County School District, Series 2017 B, Ref. COP |
5.00% | 08/01/2028 | 130 | 138,026 | ||||||||||||
| Palm Beach County School District, Series 2018 B, Ref. COP |
5.00% | 08/01/2028 | 90 | 95,557 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Municipal Bond ETF (BSMS)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Florida-(continued) |
||||||||||||||||
| Pasco (County of), FL School Board, Series 2018 A, COP, (INS - BAM)(b) |
5.00% | 08/01/2043 | $ | 60 | $ | 61,147 | ||||||||||
| Polk County School District, Series 2020 A, Ref. COP |
5.00% | 01/01/2028 | 20 | 21,031 | ||||||||||||
| Sarasota (County of), FL Public Hospital District (Sarasota Memorial Hospital), Series 2018, RB |
5.00% | 07/01/2041 | 250 | 252,026 | ||||||||||||
| South Broward Hospital District, Series 2018, RB |
4.00% | 05/01/2048 | 20 | 17,145 | ||||||||||||
| South Miami Health Facilities Authority, Inc. (Baptist Health South Florida Obligated Group), Series 2017, Ref. RB |
5.00% | 08/15/2028 | 35 | 36,316 | ||||||||||||
| Tampa (City of) & Hillsborough (County of), FL Expressway Authority, Series 2017 C, RB |
5.00% | 07/01/2048 | 150 | 150,489 | ||||||||||||
| Tampa (City of), FL (Green Bonds), Series 2018, RB |
5.25% | 05/01/2043 | 100 | 101,949 | ||||||||||||
|
|
|
|||||||||||||||
| 4,359,632 | ||||||||||||||||
|
|
|
|||||||||||||||
| Georgia-1.76% |
||||||||||||||||
| Atlanta (City of), GA, Series 2004, RB, (INS - AGI)(b) |
5.75% | 11/01/2028 | 35 | 38,283 | ||||||||||||
| Atlanta (City of), GA, Series 2018 C, Ref. RB |
5.00% | 11/01/2028 | 30 | 31,460 | ||||||||||||
| Atlanta (City of), GA Department of Aviation, Series 2020 A, Ref. RB |
5.00% | 07/01/2028 | 60 | 63,694 | ||||||||||||
| DeKalb (County of), GA, Series 2022, Ref. RB |
5.00% | 10/01/2028 | 20 | 21,395 | ||||||||||||
| Georgia (State of), Series 2016 F, Ref. GO Bonds |
5.00% | 01/01/2028 | 35 | 36,230 | ||||||||||||
| Georgia (State of), Series 2017 A-2, GO Bonds |
5.00% | 02/01/2028 | 75 | 77,769 | ||||||||||||
| Georgia (State of), Series 2017 C, Ref. GO Bonds |
5.00% | 07/01/2028 | 790 | 826,085 | ||||||||||||
| Georgia (State of), Series 2018 A, GO Bonds |
5.00% | 07/01/2028 | 55 | 58,671 | ||||||||||||
| Georgia (State of), Series 2018 A, GO Bonds |
5.00% | 07/01/2030 | 55 | 58,296 | ||||||||||||
| Georgia (State of), Series 2018 A, GO Bonds |
5.00% | 07/01/2031 | 25 | 26,422 | ||||||||||||
| Georgia (State of), Series 2018 A, GO Bonds |
4.00% | 07/01/2034 | 25 | 25,238 | ||||||||||||
| Georgia (State of), Series 2018 A, GO Bonds |
3.25% | 07/01/2037 | 200 | 183,938 | ||||||||||||
| Georgia (State of), Series 2022 A, GO Bonds |
5.00% | 07/01/2028 | 50 | 53,337 | ||||||||||||
| Georgia (State of), Series 2022 C, Ref. GO Bonds |
4.00% | 07/01/2028 | 20 | 20,736 | ||||||||||||
| Georgia (State of) (Bidding Group 1), Series 2020 A, GO Bonds |
5.00% | 08/01/2028 | 155 | 165,586 | ||||||||||||
| Georgia (State of) (Bidding Group 1), Series 2021 A-1, Ref. GO Bonds |
5.00% | 07/01/2028 | 75 | 80,006 | ||||||||||||
| Georgia (State of) (Tranche 1), Series 2019 A, GO Bonds |
5.00% | 07/01/2028 | 35 | 37,336 | ||||||||||||
| Georgia (State of) Local Government, Series 1998 A, COP, (INS - NATL)(b) |
4.75% | 06/01/2028 | 40 | 40,884 | ||||||||||||
| Georgia (State of) Municipal Electric Authority, Series 2018 HH, Ref. RB |
5.00% | 01/01/2044 | 215 | 216,333 | ||||||||||||
| Georgia (State of) Municipal Electric Authority (Plant Vogtle Units 3 & 4), Series 2019 A, RB |
5.00% | 01/01/2034 | 400 | 415,927 | ||||||||||||
| Georgia (State of) Municipal Electric Authority (Plant Vogtle Units 3 & 4), Series 2019, RB |
5.00% | 01/01/2056 | 225 | 221,408 | ||||||||||||
| Georgia (State of) Municipal Electric Authority (Plant Vogtle Units 3 & 4), Series 2019, Ref. RB |
5.00% | 01/01/2049 | 250 | 246,744 | ||||||||||||
| Georgia (State of) Ports Authority, Series 2022, RB |
5.00% | 07/01/2028 | 75 | 79,891 | ||||||||||||
| Georgia (State of) Road & Tollway Authority (Garvee), Series 2020, RB |
5.00% | 06/01/2028 | 120 | 127,467 | ||||||||||||
| Henry County School District, Series 2021, GO Bonds |
4.00% | 08/01/2028 | 95 | 98,190 | ||||||||||||
|
|
|
|||||||||||||||
| 3,251,326 | ||||||||||||||||
|
|
|
|||||||||||||||
| Hawaii-0.81% |
||||||||||||||||
| Hawaii (State of), Series 2017 FK, GO Bonds |
5.00% | 05/01/2028 | 25 | 25,930 | ||||||||||||
| Hawaii (State of), Series 2017 FN, Ref. GO Bonds |
5.00% | 10/01/2028 | 90 | 94,006 | ||||||||||||
| Hawaii (State of), Series 2018 FT, GO Bonds |
5.00% | 01/01/2028 | 35 | 36,938 | ||||||||||||
| Hawaii (State of), Series 2018 FT, GO Bonds |
5.00% | 01/01/2030 | 180 | 189,049 | ||||||||||||
| Hawaii (State of), Series 2018 FT, GO Bonds |
5.00% | 01/01/2031 | 140 | 146,632 | ||||||||||||
| Hawaii (State of), Series 2018 FT, GO Bonds |
4.00% | 01/01/2032 | 5 | 5,080 | ||||||||||||
| Hawaii (State of), Series 2018 FT, GO Bonds |
5.00% | 01/01/2032 | 25 | 26,083 | ||||||||||||
| Hawaii (State of), Series 2018 FT, GO Bonds |
5.00% | 01/01/2033 | 10 | 10,398 | ||||||||||||
| Hawaii (State of), Series 2018 FT, GO Bonds |
5.00% | 01/01/2034 | 5 | 5,187 | ||||||||||||
| Hawaii (State of), Series 2018 FT, GO Bonds |
3.25% | 01/01/2035 | 10 | 9,408 | ||||||||||||
| Hawaii (State of), Series 2018 FT, GO Bonds |
5.00% | 01/01/2035 | 120 | 124,152 | ||||||||||||
| Hawaii (State of), Series 2018 FT, GO Bonds |
5.00% | 01/01/2036 | 10 | 10,318 | ||||||||||||
| Hawaii (State of), Series 2018 FT, GO Bonds |
4.00% | 01/01/2037 | 30 | 29,922 | ||||||||||||
| Hawaii (State of), Series 2018 FT, GO Bonds |
5.00% | 01/01/2038 | 5 | 5,126 | ||||||||||||
| Hawaii (State of), Series 2019 FW, GO Bonds |
5.00% | 01/01/2028 | 60 | 63,322 | ||||||||||||
| Honolulu (City & County of), HI, Series 2022 A, Ref. GO Bonds |
5.00% | 11/01/2028 | 15 | 16,054 | ||||||||||||
| Honolulu (City & County of), HI (Green Bonds), Series 2018 A, RB |
5.00% | 07/01/2037 | 145 | 148,785 | ||||||||||||
| Honolulu (City & County of), HI (Honolulu Rail Transit), Series 2019, GO Bonds |
5.00% | 09/01/2028 | 110 | 117,401 | ||||||||||||
| Honolulu (City & County of), HI (Honolulu Rail Transit), Series 2019, GO Bonds |
5.00% | 09/01/2030 | 135 | 142,493 | ||||||||||||
| Honolulu (City & County of), HI (Honolulu Rail Transit), Series 2020, Ref. GO Bonds |
5.00% | 03/01/2028 | 95 | 100,498 | ||||||||||||
| Honolulu (City & County of), HI (Honolulu Rail Transit), Series 2021 E, GO Bonds |
5.00% | 03/01/2028 | 185 | 195,707 | ||||||||||||
|
|
|
|||||||||||||||
| 1,502,489 | ||||||||||||||||
|
|
|
|||||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Municipal Bond ETF (BSMS)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Idaho-0.10% |
||||||||||||||||
| Idaho (State of) Health Facilities Authority (St. Luke’s Health System), Series 2018, Ref. RB |
5.00% | 03/01/2037 | $ | 170 | $ | 172,649 | ||||||||||
| Idaho State Building Authority, Series 2024 A, GO Bonds |
5.00% | 06/01/2028 | 5 | 5,319 | ||||||||||||
|
|
|
|||||||||||||||
| 177,968 | ||||||||||||||||
|
|
|
|||||||||||||||
| Illinois-3.46% |
||||||||||||||||
| Champaign (County of), IL Community Unit School District No. 4, Series 2020 A, GO Bonds |
5.00% | 01/01/2033 | 70 | 72,334 | ||||||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2017 E, RB |
5.25% | 01/01/2028 | 105 | 108,582 | ||||||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2022 D, Ref. RB |
5.00% | 01/01/2028 | 80 | 84,021 | ||||||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2024 D, Ref. RB |
5.00% | 01/01/2028 | 5 | 5,251 | ||||||||||||
| Chicago (City of), IL Metropolitan Water Reclamation District, Series 2024 C, Ref. GO Bonds |
5.00% | 12/01/2028 | 45 | 48,119 | ||||||||||||
| Chicago (City of), IL Midway International Airport, Series 2023 B, Ref. RB, (INS - BAM)(b) |
5.00% | 01/01/2028 | 15 | 15,784 | ||||||||||||
| Chicago (City of), IL Park District, Series 2023 C, Ref. GO Bonds |
5.00% | 01/01/2028 | 15 | 15,697 | ||||||||||||
| Chicago (City of), IL Transit Authority (FTA Section 5307 Urbanized Area Formula Funds), Series 2021, Ref. RB |
5.00% | 06/01/2028 | 20 | 20,841 | ||||||||||||
| Cook (County of), IL, Series 2021 A, Ref. GO Bonds |
5.00% | 11/15/2028 | 55 | 58,565 | ||||||||||||
| Cook (County of), IL, Series 2021 B, Ref. GO Bonds |
4.00% | 11/15/2028 | 145 | 148,528 | ||||||||||||
| Cook Kane Lake & McHenry Counties Community College District No. 512, Series 2020, GO Bonds |
4.00% | 12/15/2030 | 95 | 96,989 | ||||||||||||
| Illinois (State of), Series 2016, Ref. GO Bonds |
5.00% | 02/01/2028 | 15 | 15,370 | ||||||||||||
| Illinois (State of), Series 2017 D, GO Bonds |
5.00% | 11/01/2028 | 870 | 899,164 | ||||||||||||
| Illinois (State of), Series 2018 A, GO Bonds |
6.00% | 05/01/2028 | 25 | 26,700 | ||||||||||||
| Illinois (State of), Series 2018 A, GO Bonds |
5.00% | 05/01/2030 | 20 | 20,747 | ||||||||||||
| Illinois (State of), Series 2018 A, GO Bonds |
5.00% | 05/01/2031 | 15 | 15,536 | ||||||||||||
| Illinois (State of), Series 2018 A, GO Bonds |
5.00% | 05/01/2032 | 75 | 77,515 | ||||||||||||
| Illinois (State of), Series 2018 A, GO Bonds |
5.00% | 05/01/2033 | 90 | 92,804 | ||||||||||||
| Illinois (State of), Series 2018 A, GO Bonds |
5.00% | 05/01/2034 | 150 | 154,290 | ||||||||||||
| Illinois (State of), Series 2018 A, GO Bonds |
5.00% | 05/01/2035 | 100 | 102,452 | ||||||||||||
| Illinois (State of), Series 2018 A, GO Bonds |
5.00% | 05/01/2036 | 25 | 25,557 | ||||||||||||
| Illinois (State of), Series 2018 A, GO Bonds |
4.63% | 05/01/2037 | 90 | 90,341 | ||||||||||||
| Illinois (State of), Series 2018 A, GO Bonds |
5.00% | 05/01/2043 | 100 | 100,235 | ||||||||||||
| Illinois (State of), Series 2018 A, Ref. GO Bonds |
5.00% | 10/01/2028 | 55 | 57,515 | ||||||||||||
| Illinois (State of), Series 2018 A, Ref. GO Bonds |
5.00% | 10/01/2033 | 15 | 15,488 | ||||||||||||
| Illinois (State of), Series 2018 B, Ref. GO Bonds |
5.00% | 10/01/2028 | 15 | 15,710 | ||||||||||||
| Illinois (State of), Series 2018 B, Ref. GO Bonds |
5.00% | 10/01/2030 | 95 | 98,953 | ||||||||||||
| Illinois (State of), Series 2018 B, Ref. GO Bonds |
5.00% | 10/01/2031 | 170 | 176,715 | ||||||||||||
| Illinois (State of), Series 2018 B, Ref. GO Bonds |
5.00% | 10/01/2033 | 170 | 175,800 | ||||||||||||
| Illinois (State of), Series 2020 B, GO Bonds |
5.00% | 10/01/2028 | 545 | 570,798 | ||||||||||||
| Illinois (State of), Series 2021 A, GO Bonds |
5.00% | 03/01/2028 | 15 | 15,615 | ||||||||||||
| Illinois (State of), Series 2021 A, GO Bonds |
5.00% | 12/01/2028 | 5 | 5,263 | ||||||||||||
| Illinois (State of), Series 2022 B, Ref. GO Bonds |
5.00% | 03/01/2028 | 35 | 36,436 | ||||||||||||
| Illinois (State of), Series 2023 B, GO Bonds |
5.00% | 05/01/2028 | 25 | 26,070 | ||||||||||||
| Illinois (State of), Series 2023 C, GO Bonds |
5.00% | 05/01/2028 | 5 | 5,214 | ||||||||||||
| Illinois (State of), Series 2023 D, Ref. GO Bonds |
5.00% | 07/01/2028 | 85 | 88,789 | ||||||||||||
| Illinois (State of), Series 2024 B, GO Bonds |
5.00% | 05/01/2028 | 15 | 15,642 | ||||||||||||
| Illinois (State of), Series 2024, Ref. GO Bonds |
5.00% | 02/01/2028 | 15 | 15,596 | ||||||||||||
| Illinois (State of) Finance Authority (Clean Water Initiative), Series 2017, RB |
5.00% | 01/01/2028 | 400 | 412,875 | ||||||||||||
| Illinois (State of) Finance Authority (Edward-Elmhurst Healthcare), Series 2018, Ref. RB(a)(c) |
4.25% | 01/01/2028 | 255 | 264,774 | ||||||||||||
| Illinois (State of) Finance Authority (Edward-Elmhurst Healthcare), Series 2018, Ref. RB(a)(c) |
5.00% | 01/01/2028 | 215 | 227,234 | ||||||||||||
| Illinois (State of) Finance Authority (Northshore Edward Elmhurst Health Credit Group), Series 2017, Ref. RB |
5.00% | 07/15/2042 | 25 | 25,229 | ||||||||||||
| Illinois (State of) Finance Authority (Northwestern Memorial Healthcare), Series 2017 A, Ref. RB |
5.00% | 07/15/2028 | 75 | 78,422 | ||||||||||||
| Illinois (State of) Finance Authority (Northwestern University), Series 2015, RB |
3.00% | 12/01/2028 | 15 | 14,869 | ||||||||||||
| Illinois (State of) Finance Authority (Northwestern University), Series 2015, RB |
5.00% | 12/01/2028 | 85 | 90,745 | ||||||||||||
| Illinois (State of) Finance Authority (OSF Healthcare System), Series 2018 A, Ref. RB |
5.00% | 05/15/2032 | 120 | 124,187 | ||||||||||||
| Illinois (State of) Finance Authority (University of Chicago (The)), Series 2024 B, Ref. RB |
5.00% | 04/01/2028 | 5 | 5,270 | ||||||||||||
| Illinois (State of) Finance Authority (University of Chicago Medical), Series 2021 A, Ref. RB |
5.00% | 10/01/2028 | 100 | 106,221 | ||||||||||||
| Illinois (State of) Regional Transportation Authority, Series 2017 A, Ref. RB |
5.00% | 07/01/2028 | 165 | 170,603 | ||||||||||||
| Illinois (State of) Toll Highway Authority, Series 2017 A, RB |
5.00% | 01/01/2039 | 250 | 254,170 | ||||||||||||
| Illinois (State of) Toll Highway Authority, Series 2017 A, RB |
5.00% | 01/01/2042 | 370 | 372,007 | ||||||||||||
| Illinois (State of) Toll Highway Authority, Series 2019 A, Ref. RB |
5.00% | 01/01/2028 | 55 | 57,890 | ||||||||||||
| Illinois (State of) Toll Highway Authority, Series 2019 B, Ref. RB |
5.00% | 01/01/2028 | 150 | 157,883 | ||||||||||||
| Illinois (State of) Toll Highway Authority, Series 2019, Ref. RB |
5.00% | 01/01/2028 | 55 | 57,890 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Municipal Bond ETF (BSMS)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Illinois-(continued) |
||||||||||||||||
| Illinois (State of) Toll Highway Authority, Series 2024 A, Ref. RB |
5.00% | 01/01/2028 | $ | 15 | $ | 15,788 | ||||||||||
| Sales Tax Securitization Corp., Series 2017, Ref. RB |
5.00% | 01/01/2028 | 55 | 57,388 | ||||||||||||
| Sales Tax Securitization Corp., Series 2020 A, Ref. RB. |
5.00% | 01/01/2028 | 55 | 57,388 | ||||||||||||
| Sales Tax Securitization Corp., Series 2021 A, Ref. RB |
5.00% | 01/01/2028 | 20 | 20,868 | ||||||||||||
| Southwestern Illinois Development Authority (Hospital Sisters Services, Inc.), Series 2017, RB |
5.00% | 02/15/2028 | 15 | 15,624 | ||||||||||||
| Springfield (City of), IL, Series 2024, Ref. RB, (INS - BAM)(b) |
5.00% | 03/01/2028 | 70 | 73,539 | ||||||||||||
| University of Illinois, Series 2018 A, Ref. RB, (INS - AGI)(b) |
4.00% | 04/01/2043 | 35 | 31,850 | ||||||||||||
| University of Illinois, Series 2023 A, Ref. RB |
5.00% | 04/01/2028 | 75 | 79,191 | ||||||||||||
|
|
|
|||||||||||||||
| 6,386,931 | ||||||||||||||||
|
|
|
|||||||||||||||
| Indiana-0.70% |
||||||||||||||||
| Hammond Multi-School Building Corp., Series 2018, RB, (CEP - Colorado Higher Education Intercept Program) |
5.00% | 07/15/2038 | 60 | 61,237 | ||||||||||||
| Indiana (State of) Finance Authority, Series 2016 C, Ref. RB |
5.00% | 06/01/2028 | 295 | 311,354 | ||||||||||||
| Indiana (State of) Finance Authority (CWA Authority), Series 2021, Ref. RB |
5.00% | 10/01/2028 | 25 | 26,694 | ||||||||||||
| Indiana (State of) Finance Authority (Franciscan Alliance, Inc.), Series 2017 B, RB |
5.00% | 11/01/2028 | 10 | 10,403 | ||||||||||||
| Indiana (State of) Finance Authority (Green Bonds), Series 2017, Ref. RB |
5.00% | 02/01/2028 | 50 | 52,851 | ||||||||||||
| Indiana (State of) Finance Authority (Green Bonds), Series 2018 A, RB |
5.00% | 02/01/2033 | 175 | 182,374 | ||||||||||||
| Indiana (State of) Finance Authority (Green Bonds), Series 2018 A, RB |
5.00% | 02/01/2034 | 15 | 15,576 | ||||||||||||
| Indiana (State of) Finance Authority (Green Bonds), Series 2019 A, Ref. RB |
5.00% | 02/01/2028 | 20 | 21,067 | ||||||||||||
| Indiana (State of) Municipal Power Agency, Series 2017 A, Ref. RB |
5.00% | 01/01/2032 | 150 | 155,952 | ||||||||||||
| Indiana (State of) Municipal Power Agency, Series 2017 A, Ref. RB |
5.00% | 01/01/2033 | 90 | 93,338 | ||||||||||||
| Indiana (State of) Municipal Power Agency, Series 2017 A, Ref. RB |
5.00% | 01/01/2034 | 35 | 36,190 | ||||||||||||
| Indianapolis (City of), IN Department of Public Utilities, Series 2018 A, Ref. RB |
5.00% | 10/01/2030 | 210 | 222,146 | ||||||||||||
| Indianapolis (City of), IN Department of Public Utilities, Series 2018 A, Ref. RB |
5.00% | 10/01/2032 | 45 | 47,236 | ||||||||||||
| Indianapolis (City of), IN Department of Public Utilities, Series 2018 A, Ref. RB |
5.00% | 10/01/2033 | 10 | 10,457 | ||||||||||||
| Indianapolis (City of), IN Department of Public Utilities, Series 2018 A, Ref. RB |
5.00% | 10/01/2034 | 15 | 15,633 | ||||||||||||
| Indianapolis (City of), IN Department of Public Utilities, Series 2018 A, Ref. RB |
5.00% | 10/01/2037 | 15 | 15,459 | ||||||||||||
| Indianapolis Local Public Improvement Bond Bank, Series 2017, Ref. RB |
5.00% | 01/01/2040 | 10 | 10,205 | ||||||||||||
|
|
|
|||||||||||||||
| 1,288,172 | ||||||||||||||||
|
|
|
|||||||||||||||
| Iowa-0.12% |
||||||||||||||||
| Iowa (State of) Finance Authority (Green Bonds), Series 2017, Ref. RB |
5.00% | 08/01/2028 | 40 | 41,727 | ||||||||||||
| Iowa (State of) Finance Authority (Green Bonds), Series 2019 A, Ref. RB. |
5.00% | 08/01/2032 | 165 | 173,506 | ||||||||||||
|
|
|
|||||||||||||||
| 215,233 | ||||||||||||||||
|
|
|
|||||||||||||||
| Kansas-0.11% |
||||||||||||||||
| Kansas (State of) Department of Transportation, Series 2024 A, Ref. RB |
5.00% | 09/01/2028 | 110 | 117,154 | ||||||||||||
| Lawrence (City of), KS ( (Lawrence Memorial Hospital), Series 2018 A, Ref. RB |
5.00% | 07/01/2043 | 80 | 79,998 | ||||||||||||
|
|
|
|||||||||||||||
| 197,152 | ||||||||||||||||
|
|
|
|||||||||||||||
| Kentucky-0.60% |
||||||||||||||||
| Kentucky (Commonwealth of), Series 2018, COP |
5.00% | 04/15/2038 | 120 | 123,306 | ||||||||||||
| Kentucky (Commonwealth of) Property & Building Commission (No. 119), Series 2018, RB |
5.00% | 05/01/2036 | 200 | 205,972 | ||||||||||||
| Kentucky (Commonwealth of) Property & Building Commission (No. 119), Series 2018, RB |
5.00% | 05/01/2037 | 425 | 436,337 | ||||||||||||
| Kentucky (Commonwealth of) Property & Building Commission (No. 119), Series 2018, RB, (INS - BAM)(b) |
5.00% | 05/01/2034 | 80 | 83,494 | ||||||||||||
| Kentucky (Commonwealth of) Property & Building Commission (No. 130), Series 2024 B, Ref. RB |
5.00% | 11/01/2028 | 30 | 31,976 | ||||||||||||
| Kentucky (Commonwealth of) Turnpike Authority (Revitalization), Series 2017 B, Ref. RB |
5.00% | 07/01/2028 | 85 | 88,391 | ||||||||||||
| Kentucky Bond Development Corp. (Centre College), Series 2018, RB |
4.50% | 06/01/2048 | 145 | 130,710 | ||||||||||||
| Louisville (City of) & Jefferson (County of), KY Metropolitan Sewer District, Series 2023, Ref. RB |
5.00% | 10/01/2028 | 5 | 5,282 | ||||||||||||
|
|
|
|||||||||||||||
| 1,105,468 | ||||||||||||||||
|
|
|
|||||||||||||||
| Louisiana-0.18% |
||||||||||||||||
| Louisiana (State of), Series 2023 A, Ref. GO Bonds |
5.00% | 02/01/2028 | 10 | 10,562 | ||||||||||||
| Louisiana (State of) (Garvee), Series 2019 A, RB |
5.00% | 09/01/2028 | 50 | 53,220 | ||||||||||||
| Louisiana (State of) (Garvee), Series 2019 A, RB |
5.00% | 09/01/2030 | 115 | 121,420 | ||||||||||||
| Louisiana (State of) (Garvee), Series 2019 A, RB |
5.00% | 09/01/2031 | 80 | 84,235 | ||||||||||||
| Louisiana (State of) (Garvee), Series 2023, RB |
5.00% | 09/01/2028 | 5 | 5,322 | ||||||||||||
| Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Bossier City), Series 2018, RB |
4.00% | 12/01/2043 | 25 | 22,931 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Municipal Bond ETF (BSMS)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Louisiana-(continued) |
||||||||||||||||
| Louisiana (State of) Public Facilities Authority (Louisiana Children’s Medical Center), Series 2015, RB |
5.00% | 06/01/2045 | $ | 30 | $ | 29,683 | ||||||||||
| New Orleans (Port of), LA Board of Commissioners, Series 2018 A, RB, (INS - AGI)(b) |
5.00% | 04/01/2048 | 5 | 5,012 | ||||||||||||
|
|
|
|||||||||||||||
| 332,385 | ||||||||||||||||
|
|
|
|||||||||||||||
| Maine-0.18% |
||||||||||||||||
| Maine (State of) Health & Higher Educational Facilities Authority (Mainhealth), Series 2018 A, RB |
5.00% | 07/01/2043 | 250 | 251,541 | ||||||||||||
| Maine (State of) Health & Higher Educational Facilities Authority (Mainhealth), Series 2018 A, RB |
5.00% | 07/01/2048 | 60 | 58,607 | ||||||||||||
| Maine (State of) Turnpike Authority, Series 2018, RB |
5.00% | 07/01/2047 | 20 | 20,211 | ||||||||||||
|
|
|
|||||||||||||||
| 330,359 | ||||||||||||||||
|
|
|
|||||||||||||||
| Maryland-2.59% |
||||||||||||||||
| Howard (County of), MD, Series 2017 D, Ref. GO Bonds |
5.00% | 02/15/2028 | 55 | 58,253 | ||||||||||||
| Howard (County of), MD, Series 2017 D, Ref. GO Bonds |
5.00% | 02/15/2031 | 15 | 15,741 | ||||||||||||
| Howard (County of), MD, Series 2017 D, Ref. GO Bonds |
4.00% | 02/15/2032 | 20 | 20,307 | ||||||||||||
| Maryland (State of), Second Series 2018, GO Bonds |
5.00% | 08/01/2030 | 15 | 15,897 | ||||||||||||
| Maryland (State of), Second Series 2018, GO Bonds |
5.00% | 08/01/2031 | 220 | 232,444 | ||||||||||||
| Maryland (State of), Second Series 2018, GO Bonds |
4.00% | 08/01/2032 | 200 | 203,633 | ||||||||||||
| Maryland (State of), Second Series 2018, GO Bonds |
4.00% | 08/01/2033 | 5 | 5,077 | ||||||||||||
| Maryland (State of), Second Series 2020 B, Ref. GO Bonds. |
5.00% | 08/01/2028 | 340 | 363,115 | ||||||||||||
| Maryland (State of), Series 2017 A, GO Bonds |
5.00% | 03/15/2028 | 25 | 25,921 | ||||||||||||
| Maryland (State of), Series 2017 A, GO Bonds |
5.00% | 08/01/2028 | 80 | 83,529 | ||||||||||||
| Maryland (State of), Series 2018 A, GO Bonds |
5.00% | 03/15/2028 | 300 | 318,172 | ||||||||||||
| Maryland (State of), Series 2018 A, GO Bonds |
5.00% | 03/15/2030 | 20 | 21,070 | ||||||||||||
| Maryland (State of), Series 2018 A, GO Bonds |
5.00% | 03/15/2031 | 140 | 147,101 | ||||||||||||
| Maryland (State of), Series 2018 B, GO Bonds |
5.00% | 08/01/2028 | 145 | 154,858 | ||||||||||||
| Maryland (State of), Series 2022 C, Ref. GO Bonds |
4.00% | 03/01/2028 | 10 | 10,311 | ||||||||||||
| Maryland (State of), Series 2022 D, Ref. GO Bonds |
4.00% | 08/01/2028 | 160 | 165,618 | ||||||||||||
| Maryland (State of), Series 2022, GO Bonds |
5.00% | 06/01/2028 | 40 | 42,596 | ||||||||||||
| Maryland (State of) (Bidding Group 1), Second Series 2019 A, GO Bonds |
5.00% | 08/01/2028 | 510 | 544,672 | ||||||||||||
| Maryland (State of) (Bidding Group 1), Second Series 2021 A, GO Bonds |
5.00% | 08/01/2028 | 20 | 21,360 | ||||||||||||
| Maryland (State of) (Bidding Group 1), Series 2020 A, GO Bonds. |
5.00% | 03/15/2028 | 60 | 63,634 | ||||||||||||
| Maryland (State of) (Bidding Group 1), Series 2020 A, GO Bonds. |
5.00% | 08/01/2028 | 80 | 85,439 | ||||||||||||
| Maryland (State of) (Bidding Group 1), Series 2021 A, GO Bonds. |
5.00% | 03/01/2028 | 5 | 5,299 | ||||||||||||
| Maryland (State of) Department of Transportation, Series 2017, RB |
5.00% | 09/01/2028 | 85 | 89,068 | ||||||||||||
| Maryland (State of) Department of Transportation, Series 2019, RB |
5.00% | 10/01/2028 | 70 | 73,463 | ||||||||||||
| Maryland (State of) Department of Transportation, Series 2020, RB |
5.00% | 10/01/2028 | 95 | 101,626 | ||||||||||||
| Maryland (State of) Department of Transportation, Series 2021 A, RB |
5.00% | 10/01/2028 | 70 | 74,882 | ||||||||||||
| Maryland (State of) Department of Transportation, Series 2021 B, Ref. RB |
5.00% | 12/01/2028 | 155 | 166,277 | ||||||||||||
| Maryland (State of) Department of Transportation, Series 2022 B, Ref. RB |
5.00% | 12/01/2028 | 20 | 21,455 | ||||||||||||
| Maryland (State of) Stadium Authority, Series 2018, RB, (CEP - Colorado Higher Education Intercept Program) |
5.00% | 05/01/2042 | 100 | 101,887 | ||||||||||||
| Maryland (State of) Stadium Authority (Baltimore City Public Schools), Series 2018 A,
RB, |
5.00% | 05/01/2047 | 150 | 151,668 | ||||||||||||
| Maryland (State of) Transportation Authority, Series 2021 A, Ref. RB |
5.00% | 07/01/2028 | 10 | 10,637 | ||||||||||||
| Maryland (State of) Transportation Authority, Series 2024, Ref. RB |
5.00% | 07/01/2028 | 5 | 5,318 | ||||||||||||
| Montgomery (County of), MD, Series 2018 A, GO Bonds |
5.00% | 11/01/2028 | 10 | 10,729 | ||||||||||||
| Montgomery (County of), MD, Series 2018 A, GO Bonds |
5.00% | 11/01/2031 | 15 | 15,953 | ||||||||||||
| Montgomery (County of), MD, Series 2018 A, GO Bonds |
5.00% | 11/01/2032 | 35 | 37,007 | ||||||||||||
| Montgomery (County of), MD, Series 2019 A, GO Bonds |
5.00% | 11/01/2028 | 60 | 64,376 | ||||||||||||
| Montgomery (County of), MD, Series 2020 A, GO Bonds |
4.00% | 08/01/2028 | 135 | 139,741 | ||||||||||||
| Montgomery (County of), MD, Series 2020 B, Ref. GO Bonds |
4.00% | 11/01/2028 | 120 | 124,471 | ||||||||||||
| Montgomery (County of), MD, Series 2021 A, Ref. GO Bonds |
5.00% | 08/01/2028 | 75 | 80,122 | ||||||||||||
| Prince George’s (County of), MD, Series 2017 A, GO Bonds |
3.00% | 09/15/2028 | 10 | 9,963 | ||||||||||||
| Prince George’s (County of), MD, Series 2018 A, GO Bonds |
5.00% | 07/15/2028 | 145 | 154,783 | ||||||||||||
| Prince George’s (County of), MD, Series 2018 A, GO Bonds |
5.00% | 07/15/2031 | 100 | 105,928 | ||||||||||||
| Prince George’s (County of), MD, Series 2018 A, GO Bonds |
4.00% | 07/15/2032 | 150 | 152,485 | ||||||||||||
| Prince George’s (County of), MD, Series 2018 A, GO Bonds |
5.00% | 07/15/2034 | 5 | 5,245 | ||||||||||||
| Prince George’s (County of), MD, Series 2019 A, GO Bonds |
5.00% | 07/15/2028 | 30 | 32,024 | ||||||||||||
| Prince George’s (County of), MD, Series 2020 A, GO Bonds |
5.00% | 07/15/2028 | 110 | 117,421 | ||||||||||||
| Prince George’s (County of), MD, Series 2020 A, GO Bonds |
5.00% | 07/15/2030 | 145 | 153,874 | ||||||||||||
| Prince George’s (County of), MD, Series 2020 A, GO Bonds |
5.00% | 07/15/2031 | 30 | 31,778 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Municipal Bond ETF (BSMS)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Maryland-(continued) |
||||||||||||||||
| Prince George’s (County of), MD, Series 2020 A, GO Bonds |
5.00% | 07/15/2032 | $ | 10 | $ | 10,562 | ||||||||||
| Prince George’s (County of), MD, Series 2020 B, Ref. GO Bonds |
5.00% | 09/15/2028 | 100 | 107,056 | ||||||||||||
| Washington (State of) Suburban Sanitary Commission, Series 2017, Ref. RB |
3.00% | 06/01/2028 | 20 | 19,926 | ||||||||||||
|
|
|
|||||||||||||||
| 4,773,772 | ||||||||||||||||
|
|
|
|||||||||||||||
| Massachusetts-3.59% |
||||||||||||||||
| Lincoln (Town of), MA, Series 2019, GO Bonds |
4.00% | 03/01/2049 | 150 | 136,965 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2004 B, Ref. GO Bonds |
5.25% | 08/01/2028 | 35 | 37,621 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2004 B, Ref. GO Bonds, (INS - AMBAC)(b) |
5.25% | 08/01/2028 | 85 | 91,365 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2005, Ref. RB, (INS - NATL)(b) |
5.50% | 01/01/2028 | 50 | 53,271 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2014 C, GO Bonds |
3.00% | 07/01/2028 | 25 | 24,843 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2016 B, Ref. GO Bonds |
5.00% | 07/01/2028 | 320 | 341,065 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2017 A, Ref. RB |
5.00% | 06/01/2028 | 70 | 73,741 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2018 A, GO Bonds |
5.00% | 01/01/2033 | 30 | 31,298 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2018 A, GO Bonds |
5.00% | 01/01/2035 | 80 | 83,011 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2018 A, GO Bonds |
5.00% | 01/01/2036 | 70 | 72,447 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2018 A, GO Bonds |
5.00% | 01/01/2037 | 35 | 36,124 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2018 A, GO Bonds |
5.00% | 01/01/2038 | 435 | 446,951 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2018 A, GO Bonds |
5.00% | 01/01/2039 | 20 | 20,465 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2018 A, GO Bonds |
5.00% | 01/01/2041 | 20 | 20,327 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2018 A, GO Bonds |
5.00% | 01/01/2046 | 75 | 75,592 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2018 B, GO Bonds |
5.00% | 01/01/2028 | 15 | 15,838 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2018 B, GO Bonds |
5.00% | 01/01/2030 | 25 | 26,213 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2018 B, GO Bonds |
5.00% | 01/01/2031 | 40 | 41,886 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2018 B, GO Bonds |
5.00% | 01/01/2032 | 45 | 47,047 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2018 B, Ref. GO Bonds |
5.00% | 07/01/2028 | 90 | 95,925 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2018 D, GO Bonds |
4.00% | 05/01/2036 | 10 | 10,050 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2018 E, GO Bonds |
5.00% | 09/01/2032 | 30 | 31,646 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2018 E, GO Bonds |
5.00% | 09/01/2037 | 35 | 36,303 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2018 E, GO Bonds |
5.00% | 09/01/2038 | 225 | 232,066 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2019 C, Ref. GO Bonds |
5.00% | 05/01/2028 | 55 | 58,444 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2019 F, GO Bonds |
5.00% | 05/01/2028 | 210 | 223,148 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2020 A, GO Bonds |
5.00% | 03/01/2028 | 210 | 222,440 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2020 D, GO Bonds |
5.00% | 07/01/2028 | 250 | 266,457 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2020 E, GO Bonds |
5.00% | 11/01/2028 | 200 | 214,385 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2021 A, Ref. GO Bonds |
5.00% | 09/01/2028 | 40 | 42,755 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2021 C, GO Bonds |
5.00% | 09/01/2028 | 20 | 21,378 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2021, RB |
5.00% | 06/01/2041 | 745 | 759,485 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2022 A, GO Bonds |
5.00% | 02/01/2028 | 90 | 95,180 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2022 D, GO Bonds |
5.00% | 11/01/2028 | 210 | 225,105 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2024 A, GO Bonds |
5.00% | 01/01/2028 | 5 | 5,279 | ||||||||||||
| Massachusetts (Commonwealth of) (Rail Enhancement & Accelerated Bridge Program), Series 2018 A, RB |
5.00% | 06/01/2048 | 25 | 25,151 | ||||||||||||
| Massachusetts (Commonwealth of) Bay Transportation Authority, Series 2005 A, RB |
5.00% | 07/01/2028 | 10 | 10,658 | ||||||||||||
| Massachusetts (Commonwealth of) Bay Transportation Authority, Series 2006 A, RB |
5.25% | 07/01/2028 | 35 | 37,561 | ||||||||||||
| Massachusetts (Commonwealth of) Bay Transportation Authority, Series 2020, Ref. RB |
5.00% | 07/01/2045 | 260 | 261,576 | ||||||||||||
| Massachusetts (Commonwealth of) Bay Transportation Authority, Series 2020, Ref. RB |
5.00% | 07/01/2050 | 220 | 220,302 | ||||||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Caregroup), Series 2018 J-2, RB |
5.00% | 07/01/2043 | 10 | 9,998 | ||||||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Emerson College), Series 2017 A, Ref. RB |
5.00% | 01/01/2040 | 115 | 115,475 | ||||||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Harvard University), Series 2020 A, Ref. RB. |
5.00% | 10/15/2028 | 5 | 5,308 | ||||||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Partners Healthcare System), Series 2017, Ref. RB |
5.00% | 07/01/2028 | 240 | 251,849 | ||||||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Partners Healthcare System), Series 2017, Ref. RB |
5.00% | 07/01/2030 | 55 | 57,078 | ||||||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Partners Healthcare System), Series 2017, Ref. RB |
5.00% | 07/01/2031 | 245 | 253,912 | ||||||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Partners Healthcare System), Series 2017, Ref. RB |
5.00% | 07/01/2032 | 40 | 41,326 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Municipal Bond ETF (BSMS)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| Massachusetts-(continued) |
||||||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Partners Healthcare System), Series 2017, Ref. RB |
5.00% | 07/01/2033 | $ | 115 | $ | 118,457 | ||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Partners Healthcare System), Series 2017, Ref. RB |
5.00% | 07/01/2034 | 70 | 71,869 | ||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Partners Healthcare System), Series 2017, Ref. RB |
4.00% | 07/01/2035 | 30 | 29,788 | ||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Partners Healthcare System), Series 2017, Ref. RB |
4.00% | 07/01/2036 | 145 | 142,258 | ||||||||
| Massachusetts (Commonwealth of) Health & Educational Facilities Authority (Massachusetts Institute of Technology), Series 1998 I-1, RB |
5.20% | 01/01/2028 | 90 | 95,798 | ||||||||
| Massachusetts (Commonwealth of) School Building Authority, Series 2015 C, Ref. RB |
3.05% | 08/15/2028 | 125 | 124,116 | ||||||||
| Massachusetts (Commonwealth of) School Building Authority, Series 2018 A, RB |
4.00% | 02/15/2043 | 200 | 185,712 | ||||||||
| Massachusetts (Commonwealth of) School Building Authority, Series 2018 A, RB |
5.25% | 02/15/2048 | 20 | 20,330 | ||||||||
| Massachusetts (Commonwealth of) School Building Authority, Series 2018 B, RB |
5.25% | 02/15/2048 | 300 | 304,568 | ||||||||
| Massachusetts (Commonwealth of) Transportation Trust Fund (Contract Assistance), Series 2018, Ref. RB |
5.00% | 01/01/2028 | 20 | 21,107 | ||||||||
| Massachusetts (Commonwealth of) Water Resources Authority, Series 2007 B, Ref. RB, (INS - AGI)(b) |
5.25% | 08/01/2028 | 5 | 5,382 | ||||||||
|
|
|
|||||||||||
| 6,625,695 | ||||||||||||
|
|
|
|||||||||||
| Michigan-0.80% |
||||||||||||
| Great Lakes Water Authority, Series 2018 A, Ref. RB |
5.00% | 07/01/2028 | 95 | 100,619 | ||||||||
| Great Lakes Water Authority, Series 2018 B, Ref. RB |
5.00% | 07/01/2028 | 85 | 90,233 | ||||||||
| Great Lakes Water Authority, Series 2024 A, Ref. RB |
5.00% | 07/01/2028 | 10 | 10,616 | ||||||||
| Great Lakes Water Authority, Series 2024 A, Ref. RB |
5.00% | 07/01/2028 | 5 | 5,308 | ||||||||
| Michigan (State of), Series 2020 B, RB |
5.00% | 11/15/2028 | 240 | 257,677 | ||||||||
| Michigan (State of), Series 2023, RB |
5.00% | 11/15/2028 | 45 | 48,315 | ||||||||
| Michigan (State of) Finance Authority (Ascension Health Credit Group), Series 1999, RB(a)(c) |
4.00% | 05/15/2028 | 25 | 25,475 | ||||||||
| Michigan (State of) Finance Authority (Ascension Health Credit Group), Series 1999, RB |
4.00% | 11/15/2032 | 75 | 75,354 | ||||||||
| Michigan (State of) Finance Authority (Beaumont Health Credit Group), Series 2022, Ref. RB |
5.00% | 04/15/2028 | 20 | 21,025 | ||||||||
| Michigan (State of) Finance Authority (Charter County of Wayne Criminal Justice Center), Series 2018, RB |
5.00% | 11/01/2043 | 500 | 503,383 | ||||||||
| Michigan (State of) Finance Authority (Trinity Health Credit Group), Series 2019, Ref. RB |
5.00% | 12/01/2048 | 150 | 149,011 | ||||||||
| University of Michigan, Series 2017 A, Ref. RB |
5.00% | 04/01/2028 | 30 | 31,150 | ||||||||
| Wayne (County of), MI Airport Authority (Detroit Metropolitan Wayne County Airport), Series 2018, RB |
5.00% | 12/01/2038 | 100 | 101,463 | ||||||||
| Wayne State University, Series 2018 A, RB |
5.00% | 11/15/2043 | 50 | 50,544 | ||||||||
|
|
|
|||||||||||
| 1,470,173 | ||||||||||||
|
|
|
|||||||||||
| Minnesota-1.58% |
||||||||||||
| Duluth (City of), MN Economic Development Authority (Essentia Health Obligated Group), Series 2018 A, Ref. RB |
5.25% | 02/15/2058 | 240 | 232,569 | ||||||||
| Duluth (City of), MN Economic Development Authority (Essentia Health Obligated Group), Series 2018, Ref. RB |
4.25% | 02/15/2043 | 300 | 272,567 | ||||||||
| Metropolitan Council, Series 2021 C, GO Bonds |
5.00% | 12/01/2028 | 150 | 160,810 | ||||||||
| Minneapolis & St. Paul (Cities of), MN Metropolitan Airports Commission, Series 2016 A, Ref. RB |
5.00% | 01/01/2028 | 60 | 61,864 | ||||||||
| Minneapolis (City of), MN (Fairview Health Services), Series 2018 A, Ref. RB |
5.00% | 11/15/2033 | 70 | 71,986 | ||||||||
| Minneapolis (City of), MN (Fairview Health Services), Series 2018 A, Ref. RB |
5.00% | 11/15/2034 | 175 | 179,405 | ||||||||
| Minneapolis (City of), MN (Fairview Health Services), Series 2018 A, Ref. RB |
5.00% | 11/15/2035 | 20 | 20,415 | ||||||||
| Minneapolis (City of), MN (Fairview Health Services), Series 2018 A, Ref. RB |
5.00% | 11/15/2036 | 190 | 193,016 | ||||||||
| Minnesota (State of), Series 2017 A, GO Bonds |
5.00% | 10/01/2028 | 100 | 104,908 | ||||||||
| Minnesota (State of), Series 2017 D, Ref. GO Bonds |
5.00% | 10/01/2028 | 20 | 20,982 | ||||||||
| Minnesota (State of), Series 2018 A, GO Bonds |
5.00% | 08/01/2028 | 35 | 37,314 | ||||||||
| Minnesota (State of), Series 2018 A, GO Bonds |
5.00% | 08/01/2030 | 15 | 15,879 | ||||||||
| Minnesota (State of), Series 2018 A, GO Bonds |
5.00% | 08/01/2031 | 60 | 63,446 | ||||||||
| Minnesota (State of), Series 2018 A, GO Bonds |
5.00% | 08/01/2032 | 190 | 200,498 | ||||||||
| Minnesota (State of), Series 2018 A, GO Bonds |
5.00% | 08/01/2033 | 80 | 84,188 | ||||||||
| Minnesota (State of), Series 2018 A, GO Bonds |
5.00% | 08/01/2034 | 175 | 183,648 | ||||||||
| Minnesota (State of), Series 2018 A, GO Bonds |
5.00% | 08/01/2035 | 200 | 209,360 | ||||||||
| Minnesota (State of), Series 2018 A, GO Bonds |
5.00% | 08/01/2036 | 40 | 41,747 | ||||||||
| Minnesota (State of), Series 2018 A, GO Bonds |
5.00% | 08/01/2037 | 25 | 26,006 | ||||||||
| Minnesota (State of), Series 2018 A, GO Bonds |
5.00% | 08/01/2038 | 420 | 435,107 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Municipal Bond ETF (BSMS)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| Minnesota-(continued) |
||||||||||||
| Minnesota (State of), Series 2019 A, GO Bonds |
5.00% | 08/01/2028 | $ | 100 | $ | 106,611 | ||||||
| Minnesota (State of), Series 2020 A, GO Bonds |
5.00% | 08/01/2028 | 125 | 133,263 | ||||||||
| Minnesota (State of), Series 2021 B, GO Bonds |
5.00% | 09/01/2028 | 35 | 37,456 | ||||||||
| Minnesota (State of), Series 2024 A, GO Bonds |
5.00% | 08/01/2028 | 25 | 26,653 | ||||||||
|
|
|
|||||||||||
| 2,919,698 | ||||||||||||
|
|
|
|||||||||||
| Mississippi-0.33% |
||||||||||||
| Mississippi (State of), Series 2017 A, Ref. GO Bonds |
5.00% | 10/01/2028 | 35 | 36,651 | ||||||||
| Mississippi (State of), Series 2019 A, RB |
5.00% | 10/15/2036 | 85 | 86,929 | ||||||||
| Mississippi (State of), Series 2021 C, GO Bonds |
5.00% | 10/01/2034 | 30 | 31,454 | ||||||||
| Mississippi (State of), Series 2021 C, GO Bonds |
5.00% | 10/01/2035 | 15 | 15,676 | ||||||||
| Mississippi (State of), Series 2021 C, GO Bonds |
5.00% | 10/01/2036 | 55 | 57,283 | ||||||||
| Mississippi (State of), Series 2021 C, GO Bonds |
4.00% | 10/01/2039 | 150 | 144,793 | ||||||||
| Mississippi (State of), Series 2021 C, GO Bonds |
4.00% | 10/01/2040 | 5 | 4,808 | ||||||||
| Mississippi (State of) Development Bank (Hinds County), Series 2018, RB |
5.00% | 03/01/2048 | 155 | 152,482 | ||||||||
| West Rankin Utility Authority, Series 2018, RB(a)(c) |
5.00% | 01/01/2028 | 80 | 84,327 | ||||||||
|
|
|
|||||||||||
| 614,403 | ||||||||||||
|
|
|
|||||||||||
| Missouri-0.44% |
||||||||||||
| Curators of the University of Missouri (The), Series 2024, Ref. RB |
5.00% | 11/01/2028 | 35 | 37,482 | ||||||||
| Missouri (State of) Board of Public Buildings, Series 2020 B, Ref. RB |
4.00% | 10/01/2028 | 85 | 87,506 | ||||||||
| Missouri (State of) Health & Educational Facilities Authority (Mercy Health), Series 2018 A, Ref. RB |
5.00% | 06/01/2028 | 30 | 31,575 | ||||||||
| Missouri (State of) Health & Educational Facilities Authority (Mercy Health), Series 2018 A, Ref. RB |
5.00% | 06/01/2030 | 145 | 152,854 | ||||||||
| Missouri (State of) Health & Educational Facilities Authority (Mercy Health), Series 2018 A, Ref. RB |
5.00% | 06/01/2031 | 325 | 341,411 | ||||||||
| Missouri (State of) Health & Educational Facilities Authority (St. Luke’s Health System, Inc.), Series 2018 A, Ref. RB |
4.00% | 11/15/2048 | 20 | 17,151 | ||||||||
| Missouri (State of) Highway & Transportation Commission, Series 2022, RB |
5.00% | 05/01/2028 | 40 | 42,493 | ||||||||
| Springfield School District No. R-12, Series 2017, Ref. GO Bonds |
4.00% | 03/01/2030 | 55 | 56,303 | ||||||||
| St. Louis (City of), MO, Series 2005, RB, (INS - NATL)(b) |
5.50% | 07/01/2028 | 40 | 42,975 | ||||||||
|
|
|
|||||||||||
| 809,750 | ||||||||||||
|
|
|
|||||||||||
| Montana-0.59% |
||||||||||||
| Forsyth (City of), MT (Countryside Phase 2 South-Facilities), Series 2023, Ref. RB |
3.88% | 07/01/2028 | 105 | 106,050 | ||||||||
| Montana (State of) Facility Finance Authority (Bozeman Deaconess Health Services Obligated Group), Series 2018, RB |
5.00% | 06/01/2048 | 1,000 | 985,060 | ||||||||
|
|
|
|||||||||||
| 1,091,110 | ||||||||||||
|
|
|
|||||||||||
| Nebraska-0.30% |
||||||||||||
| Boys Town (Village of), NE (Boys Town), Series 2017, Ref. RB |
3.00% | 09/01/2028 | 250 | 247,959 | ||||||||
| Lincoln (City of), NE, Series 2020 A, RB |
5.00% | 09/01/2028 | 25 | 26,650 | ||||||||
| Nebraska (State of) Public Power District, Series 2023 A, RB |
5.00% | 07/01/2028 | 215 | 225,670 | ||||||||
| Omaha (City of), NE Public Power District, Series 2018 A, RB |
5.00% | 02/01/2028 | 45 | 47,554 | ||||||||
|
|
|
|||||||||||
| 547,833 | ||||||||||||
|
|
|
|||||||||||
| Nevada-1.33% |
||||||||||||
| Clark (County of), NV, Series 2016 B, Ref. RB |
5.00% | 07/01/2028 | 185 | 196,671 | ||||||||
| Clark (County of), NV, Series 2017, Ref. GO Bonds |
5.00% | 06/01/2028 | 125 | 129,518 | ||||||||
| Clark (County of), NV, Series 2018 A, GO Bonds |
5.00% | 06/01/2034 | 60 | 62,418 | ||||||||
| Clark (County of), NV, Series 2018 A, GO Bonds |
5.00% | 06/01/2035 | 20 | 20,711 | ||||||||
| Clark (County of), NV, Series 2018 A, GO Bonds |
5.00% | 06/01/2036 | 10 | 10,324 | ||||||||
| Clark (County of), NV, Series 2018 A, GO Bonds |
5.00% | 06/01/2037 | 100 | 102,853 | ||||||||
| Clark (County of), NV, Series 2018 B, GO Bonds |
5.00% | 12/01/2030 | 30 | 31,727 | ||||||||
| Clark (County of), NV, Series 2018 B, GO Bonds |
5.00% | 12/01/2031 | 70 | 73,832 | ||||||||
| Clark (County of), NV, Series 2018 B, GO Bonds |
5.00% | 12/01/2032 | 65 | 68,370 | ||||||||
| Clark (County of), NV, Series 2018 B, GO Bonds |
5.00% | 12/01/2033 | 115 | 120,599 | ||||||||
| Clark (County of), NV, Series 2018 B, GO Bonds |
5.00% | 12/01/2034 | 305 | 318,835 | ||||||||
| Clark (County of), NV, Series 2018 B, GO Bonds |
5.00% | 12/01/2035 | 45 | 46,805 | ||||||||
| Clark (County of), NV, Series 2018 B, GO Bonds |
4.00% | 12/01/2036 | 20 | 19,995 | ||||||||
| Clark (County of), NV, Series 2018 B, GO Bonds |
4.00% | 12/01/2037 | 45 | 44,511 | ||||||||
| Clark (County of), NV, Series 2018 B, GO Bonds. |
4.00% | 12/01/2039 | 5 | 4,764 | ||||||||
| Clark (County of), NV (Las Vegas McCarran International Airport), Series 2019, Ref. RB |
5.00% | 07/01/2028 | 105 | 111,369 | ||||||||
| Clark (County of), NV (Stadium Improvement Bonds), Series 2018 A, GO Bonds |
5.00% | 05/01/2048 | 250 | 251,040 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Municipal Bond ETF (BSMS)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| Nevada-(continued) |
||||||||||||
| Clark (County of), NV Department of Aviation, Series 2019 B, Ref. RB |
5.00% | 07/01/2028 | $ | 5 | $ | 5,303 | ||||||
| Clark (County of), NV Department of Aviation, Series 2024 A, Ref. RB |
5.00% | 07/01/2028 | 160 | 169,705 | ||||||||
| Clark County School District, Series 2018 A, GO Bonds |
4.00% | 06/15/2038 | 15 | 14,287 | ||||||||
| Clark County School District, Series 2018 B, GO Bonds, (INS - AGI)(b) |
4.00% | 06/15/2037 | 10 | 9,760 | ||||||||
| Clark County School District, Series 2018 B, GO Bonds, (INS - AGI)(b) |
4.00% | 06/15/2038 | 75 | 71,998 | ||||||||
| Las Vegas (City of), NV Convention & Visitors Authority, Series 2018 B, RB |
5.00% | 07/01/2043 | 370 | 371,143 | ||||||||
| Las Vegas Valley Water District, Series 2021 C, GO Bonds |
5.00% | 06/01/2028 | 50 | 53,111 | ||||||||
| North Las Vegas (City of), NV, Series 2018, Ref. GO Bonds, (INS - AGI)(b) |
4.00% | 06/01/2041 | 25 | 23,155 | ||||||||
| Truckee Meadows Water Authority, Series 2017, Ref. RB |
5.00% | 07/01/2028 | 85 | 88,209 | ||||||||
| Washoe County School District, Series 2018, GO Bonds, (INS - BAM)(b) |
4.13% | 10/01/2048 | 45 | 41,053 | ||||||||
|
|
|
|||||||||||
| 2,462,066 | ||||||||||||
|
|
|
|||||||||||
| New Hampshire-0.08% |
||||||||||||
| New Hampshire (State of) Health and Education Facilities Authority (Dartmouth College), Series 2017, Ref. RB |
5.00% | 06/01/2028 | 35 | 37,313 | ||||||||
| New Hampshire (State of) Health and Education Facilities Authority (Partners Healthcare System), Series 2017, Ref. RB |
5.00% | 07/01/2041 | 105 | 105,748 | ||||||||
|
|
|
|||||||||||
| 143,061 | ||||||||||||
|
|
|
|||||||||||
| New Jersey-4.55% |
||||||||||||
| New Jersey (State of), Series 2020 A, GO Bonds |
5.00% | 06/01/2028 | 610 | 647,413 | ||||||||
| New Jersey (State of) Economic Development Authority, Series 2017 A, Ref. RB, (INS - BAM)(b) |
5.00% | 07/01/2028 | 275 | 283,255 | ||||||||
| New Jersey (State of) Economic Development Authority, Series 2018 EEE, RB(a)(c) |
5.00% | 12/15/2028 | 360 | 385,837 | ||||||||
| New Jersey (State of) Economic Development Authority, Series 2018, RB |
5.00% | 06/15/2043 | 15 | 15,046 | ||||||||
| New Jersey (State of) Economic Development Authority, Series 2023, Ref. RB |
5.00% | 03/01/2028 | 90 | 94,675 | ||||||||
| New Jersey (State of) Economic Development Authority (State House), Series 2017 B, RB |
5.00% | 06/15/2035 | 15 | 15,470 | ||||||||
| New Jersey (State of) Economic Development Authority (State House), Series 2017 B, RB |
5.00% | 06/15/2036 | 115 | 118,109 | ||||||||
| New Jersey (State of) Economic Development Authority (State House), Series 2017 B, RB, (INS - BAM)(b) |
4.13% | 06/15/2039 | 20 | 19,071 | ||||||||
| New Jersey (State of) Educational Facilities Authority (Princeton University), Series 2017 B, Ref. RB |
5.00% | 07/01/2028 | 1,025 | 1,065,869 | ||||||||
| New Jersey (State of) Educational Facilities Authority (Princeton University), Series 2017 I, Ref. RB |
5.00% | 07/01/2028 | 20 | 20,802 | ||||||||
| New Jersey (State of) Health Care Facilities Financing Authority (Hackensack Meridian Health Obligated Group), Series 2017 A, Ref. RB |
5.00% | 07/01/2028 | 100 | 103,233 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2014 BB-1, RB |
5.00% | 06/15/2033 | 500 | 520,316 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2014 BB-1, RN |
5.00% | 06/15/2030 | 10 | 10,546 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2014 BB-1, RN |
5.00% | 06/15/2031 | 285 | 299,216 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2014, RN |
5.00% | 06/15/2032 | 45 | 47,048 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2018 A, Ref. RB |
5.00% | 12/15/2028 | 140 | 148,864 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2018 A, Ref. RB |
5.00% | 12/15/2030 | 30 | 31,552 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2018 A, Ref. RB |
4.00% | 12/15/2031 | 70 | 70,939 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2018 A, Ref. RB |
5.00% | 12/15/2032 | 585 | 610,304 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2018 A, Ref. RB |
5.00% | 12/15/2033 | 500 | 519,201 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2018 A, Ref. RB |
5.00% | 12/15/2034 | 85 | 87,614 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2018 A, Ref. RB |
4.25% | 12/15/2038 | 250 | 241,592 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2018 A, Ref. RB, (INS - BAM)(b) |
4.00% | 12/15/2037 | 10 | 9,695 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2019 AA, RB |
4.00% | 06/15/2036 | 100 | 97,648 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2019 BB, RB(a)(c) |
5.00% | 12/15/2028 | 135 | 144,924 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2019 BB, RB(a)(c) |
5.00% | 12/15/2028 | 25 | 26,838 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2019 BB, RB(a)(c) |
5.00% | 12/15/2028 | 5 | 5,368 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2019 BB, RB |
5.00% | 06/15/2030 | 75 | 79,096 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2019 BB, RB |
5.00% | 06/15/2032 | 20 | 20,910 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2019 BB, RB |
4.00% | 06/15/2036 | 105 | 102,530 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2019 BB, RB |
4.00% | 06/15/2038 | 240 | 228,587 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2019 BB, RB |
5.00% | 06/15/2044 | 225 | 224,467 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2019, RB(a)(c) |
5.00% | 12/15/2028 | 30 | 32,205 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2019, RB |
5.00% | 06/15/2032 | 25 | 26,138 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2019, Ref. RB |
5.00% | 12/15/2028 | 90 | 95,699 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2021 A, Ref. RB |
5.00% | 06/15/2028 | 30 | 31,687 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2022 AA, Ref. RB |
5.00% | 06/15/2028 | 15 | 15,844 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2023 AA, RB |
5.00% | 06/15/2028 | 20 | 21,127 | ||||||||
| New Jersey (State of) Turnpike Authority, Series 2005 A, Ref. RB, (INS - AGI)(b) |
5.25% | 01/01/2028 | 75 | 79,520 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Municipal Bond ETF (BSMS)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| New Jersey-(continued) |
||||||||||||
| New Jersey (State of) Turnpike Authority, Series 2017 B, Ref. RB |
5.00% | 01/01/2028 | $ | 15 | $ | 15,758 | ||||||
| New Jersey (State of) Turnpike Authority, Series 2017 B, Ref. RB |
5.00% | 01/01/2030 | 20 | 20,940 | ||||||||
| New Jersey (State of) Turnpike Authority, Series 2017 B, Ref. RB |
5.00% | 01/01/2031 | 135 | 141,122 | ||||||||
| New Jersey (State of) Turnpike Authority, Series 2017 B, Ref. RB |
5.00% | 01/01/2032 | 70 | 73,049 | ||||||||
| New Jersey (State of) Turnpike Authority, Series 2017 B, Ref. RB |
5.00% | 01/01/2033 | 235 | 244,719 | ||||||||
| New Jersey (State of) Turnpike Authority, Series 2017 B, Ref. RB |
4.00% | 01/01/2034 | 70 | 70,194 | ||||||||
| New Jersey (State of) Turnpike Authority, Series 2017 B, Ref. RB |
5.00% | 01/01/2034 | 80 | 83,100 | ||||||||
| New Jersey (State of) Turnpike Authority, Series 2017 B, Ref. RB |
4.00% | 01/01/2035 | 125 | 125,094 | ||||||||
| New Jersey (State of) Turnpike Authority, Series 2017 B, Ref. RB |
5.00% | 01/01/2040 | 85 | 86,592 | ||||||||
| New Jersey (State of) Turnpike Authority, Series 2017 E, Ref. RB |
5.00% | 01/01/2030 | 180 | 188,455 | ||||||||
| New Jersey (State of) Turnpike Authority, Series 2017 E, Ref. RB |
5.00% | 01/01/2031 | 190 | 198,617 | ||||||||
| New Jersey (State of) Turnpike Authority, Series 2017 E, Ref. RB |
5.00% | 01/01/2032 | 55 | 57,396 | ||||||||
| New Jersey (State of) Turnpike Authority, Series 2017 E, Ref. RB |
5.00% | 01/01/2033 | 15 | 15,620 | ||||||||
| New Jersey (State of) Turnpike Authority, Series 2017 G, Ref. RB |
4.00% | 01/01/2033 | 5 | 5,026 | ||||||||
| New Jersey (State of) Turnpike Authority, Series 2017 G, Ref. RB |
4.00% | 01/01/2034 | 30 | 30,084 | ||||||||
| New Jersey (State of) Turnpike Authority, Series 2017 G, Ref. RB |
4.00% | 01/01/2035 | 55 | 55,040 | ||||||||
| New Jersey (State of) Turnpike Authority, Series 2017 G, Ref. RB |
5.00% | 01/01/2035 | 20 | 20,717 | ||||||||
| New Jersey (State of) Turnpike Authority, Series 2017 G, Ref. RB |
5.00% | 01/01/2036 | 135 | 139,362 | ||||||||
| New Jersey (State of) Turnpike Authority, Series 2017 G, Ref. RB |
5.00% | 01/01/2037 | 20 | 20,582 | ||||||||
| New Jersey (State of) Turnpike Authority, Series 2020 D, RB |
5.00% | 01/01/2028 | 100 | 102,811 | ||||||||
| South Jersey Port Corp., Series 2017 A, RB |
5.00% | 01/01/2049 | 115 | 113,148 | ||||||||
|
|
|
|||||||||||
| 8,405,681 | ||||||||||||
|
|
|
|||||||||||
| New Mexico-0.35% |
||||||||||||
| New Mexico (State of), Series 2021, GO Bonds |
5.00% | 03/01/2028 | 30 | 31,761 | ||||||||
| New Mexico (State of) Finance Authority, Series 2018 A, Ref. RB |
5.00% | 06/15/2028 | 75 | 79,718 | ||||||||
| New Mexico (State of) Finance Authority, Series 2018 A, Ref. RB |
5.00% | 06/15/2030 | 90 | 94,915 | ||||||||
| New Mexico (State of) Finance Authority, Series 2021 A, RB |
5.00% | 06/15/2028 | 160 | 170,113 | ||||||||
| New Mexico (State of) Severance Tax Permanent Fund, Series 2018, RB |
5.00% | 07/01/2028 | 125 | 132,962 | ||||||||
| New Mexico (State of) Severance Tax Permanent Fund, Series 2021 A, RB |
5.00% | 07/01/2028 | 35 | 37,229 | ||||||||
| New Mexico (State of) Severance Tax Permanent Fund, Series 2022 B, RB |
5.00% | 07/01/2028 | 95 | 101,051 | ||||||||
|
|
|
|||||||||||
| 647,749 | ||||||||||||
|
|
|
|||||||||||
| New York-21.54% |
||||||||||||
| Battery Park (City of), NY Authority, Series 2023 B, Ref. RB |
5.00% | 11/01/2028 | 60 | 64,804 | ||||||||
| Build NYC Resource Corp. (The Young Men’s and Women’s Hebrew Association), Series 2024, RB |
5.00% | 12/01/2028 | 5 | 5,324 | ||||||||
| Hudson Yards Infrastructure Corp., Series 2017 A, Ref. RB |
5.00% | 02/15/2028 | 5 | 5,159 | ||||||||
| Long Island (City of), NY Power Authority, Series 2018, RB |
5.00% | 09/01/2033 | 55 | 57,642 | ||||||||
| Long Island (City of), NY Power Authority, Series 2018, RB |
5.00% | 09/01/2034 | 50 | 52,231 | ||||||||
| Long Island (City of), NY Power Authority, Series 2018, RB |
5.00% | 09/01/2035 | 75 | 78,058 | ||||||||
| Long Island (City of), NY Power Authority, Series 2018, RB |
5.00% | 09/01/2037 | 65 | 67,214 | ||||||||
| Long Island (City of), NY Power Authority, Series 2018, RB |
5.00% | 09/01/2038 | 15 | 15,450 | ||||||||
| Long Island (City of), NY Power Authority, Series 2019 A, RB |
5.00% | 09/01/2030 | 205 | 216,735 | ||||||||
| Long Island (City of), NY Power Authority, Series 2019 A, RB |
5.00% | 09/01/2031 | 750 | 790,714 | ||||||||
| Long Island (City of), NY Power Authority, Series 2019 A, RB |
4.00% | 09/01/2034 | 5 | 5,015 | ||||||||
| Long Island (City of), NY Power Authority, Series 2019 A, RB |
4.00% | 09/01/2037 | 25 | 24,407 | ||||||||
| Long Island (City of), NY Power Authority, Series 2023 F, Ref. RB |
5.00% | 09/01/2028 | 20 | 21,397 | ||||||||
| Metropolitan Transportation Authority, Series 2012 A, Ref. RB |
3.00% | 11/15/2028 | 795 | 787,296 | ||||||||
| Metropolitan Transportation Authority, Series 2017 D, Ref. RB |
5.00% | 11/15/2030 | 180 | 186,648 | ||||||||
| Metropolitan Transportation Authority, Series 2017 D, Ref. RB |
5.00% | 11/15/2032 | 200 | 206,325 | ||||||||
| Metropolitan Transportation Authority, Series 2017 D, Ref. RB |
5.00% | 11/15/2033 | 185 | 190,258 | ||||||||
| Metropolitan Transportation Authority, Series 2017 D, Ref. RB |
5.00% | 11/15/2035 | 90 | 92,141 | ||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2017 B-2, RB |
5.00% | 11/15/2028 | 5 | 5,229 | ||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2017 C-1, Ref. RB |
5.00% | 11/15/2028 | 20 | 20,863 | ||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2017 C-1, Ref. RB |
5.00% | 11/15/2029 | 130 | 135,195 | ||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2017 C-1, Ref. RB |
5.00% | 11/15/2031 | 90 | 93,114 | ||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2017 C-1, Ref. RB |
4.00% | 11/15/2032 | 245 | 245,566 | ||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2017 C-1, Ref. RB |
4.00% | 11/15/2034 | 140 | 139,036 | ||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2017 C-1, Ref. RB |
5.00% | 11/15/2034 | 170 | 174,457 | ||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2017 C-1, Ref. RB |
4.00% | 11/15/2035 | 590 | 581,304 | ||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2017 C-1, Ref. RB |
4.00% | 11/15/2037 | 80 | 76,356 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Municipal Bond ETF (BSMS)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| New York-(continued) |
||||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2017 C-1, Ref. RB |
4.00% | 11/15/2038 | $ | 165 | $ | 154,993 | ||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2017, Ref. RB |
5.00% | 11/15/2028 | 20 | 21,162 | ||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2018 B, Ref. RB |
5.00% | 11/15/2028 | 25 | 26,452 | ||||||||
| Monroe County Industrial Development Corp. (Rochester Schools Modernization), Series 2018, RB |
5.00% | 05/01/2032 | 60 | 63,005 | ||||||||
| Monroe County Industrial Development Corp. (Rochester Schools Modernization), Series 2018, RB |
5.00% | 05/01/2033 | 60 | 62,830 | ||||||||
| Monroe County Industrial Development Corp. (Rochester Schools Modernization), Series 2018, RB |
5.00% | 05/01/2034 | 35 | 36,538 | ||||||||
| Nassau (County of), NY Interim Finance Authority, Series 2024 A, RB |
5.00% | 11/15/2028 | 25 | 26,978 | ||||||||
| New York & New Jersey (States of) Port Authority, Series 2022, Ref. RB |
4.00% | 12/01/2028 | 20 | 20,786 | ||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Eleventh Series 2018, Ref. RB |
5.00% | 09/01/2035 | 25 | 25,957 | ||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Eleventh Series 2018, Ref. RB |
5.00% | 09/01/2036 | 50 | 51,723 | ||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Eleventh Series 2018, Ref. RB |
4.00% | 09/01/2038 | 55 | 53,423 | ||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Eleventh Series 2018, Ref. RB |
5.00% | 09/01/2048 | 125 | 126,128 | ||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Forty Three Series 2023, Ref. RB |
5.00% | 12/01/2028 | 75 | 80,560 | ||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Ninth Series 2018, Ref. RB |
5.00% | 07/15/2028 | 35 | 37,351 | ||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Ninth Series 2018, Ref. RB |
5.00% | 07/15/2030 | 175 | 184,325 | ||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Ninth Series 2018, Ref. RB |
5.00% | 07/15/2032 | 25 | 26,184 | ||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Ninth Series 2018, Ref. RB |
5.00% | 07/15/2033 | 30 | 31,336 | ||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Ninth Series 2018, Ref. RB |
5.00% | 07/15/2034 | 200 | 208,209 | ||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Ninth Series 2018, Ref. RB |
5.00% | 07/15/2035 | 105 | 108,920 | ||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Ninth Series 2018, Ref. RB |
5.00% | 07/15/2036 | 165 | 170,563 | ||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Ninth Series 2018, Ref. RB |
5.00% | 07/15/2038 | 5 | 5,127 | ||||||||
| New York (City of), NY, Series 2005 1, GO Bonds |
5.00% | 09/01/2028 | 240 | 255,916 | ||||||||
| New York (City of), NY, Series 2017 1, GO Bonds |
5.00% | 08/01/2028 | 55 | 57,144 | ||||||||
| New York (City of), NY, Series 2017 A, Ref. GO Bonds |
5.00% | 08/01/2028 | 85 | 88,314 | ||||||||
| New York (City of), NY, Series 2017 C, Ref. GO Bonds |
5.00% | 08/01/2028 | 45 | 47,297 | ||||||||
| New York (City of), NY, Series 2017 C, Ref. GO Bonds |
5.00% | 08/01/2031 | 30 | 31,244 | ||||||||
| New York (City of), NY, Series 2017 C, Ref. GO Bonds |
4.00% | 08/01/2034 | 50 | 50,416 | ||||||||
| New York (City of), NY, Series 2017, A Ref. GO Bonds |
5.00% | 08/01/2029 | 10 | 10,476 | ||||||||
| New York (City of), NY, Series 2018 E, GO Bonds |
5.00% | 03/01/2031 | 5 | 5,217 | ||||||||
| New York (City of), NY, Series 2018 E-1, GO Bonds |
5.00% | 03/01/2032 | 60 | 62,458 | ||||||||
| New York (City of), NY, Series 2018 E-1, GO Bonds |
5.25% | 03/01/2035 | 50 | 51,966 | ||||||||
| New York (City of), NY, Series 2018 E-1, GO Bonds |
4.00% | 03/01/2036 | 140 | 137,982 | ||||||||
| New York (City of), NY, Series 2018 E-1, GO Bonds |
5.00% | 03/01/2037 | 5 | 5,127 | ||||||||
| New York (City of), NY, Series 2018 E-1, GO Bonds |
5.00% | 03/01/2040 | 25 | 25,404 | ||||||||
| New York (City of), NY, Series 2019 E, Ref. GO Bonds |
5.00% | 08/01/2028 | 20 | 21,297 | ||||||||
| New York (City of), NY, Series 2020 A-1, Ref. GO Bonds |
5.00% | 08/01/2028 | 270 | 287,511 | ||||||||
| New York (City of), NY, Series 2020 B-1, Ref. GO Bonds |
5.00% | 11/01/2028 | 490 | 523,924 | ||||||||
| New York (City of), NY, Series 2020 C, Ref. GO Bonds |
5.00% | 08/01/2028 | 25 | 26,621 | ||||||||
| New York (City of), NY, Series 2020 C-1, Ref. GO Bonds |
5.00% | 08/01/2028 | 190 | 202,323 | ||||||||
| New York (City of), NY, Series 2022 A-1, GO Bonds |
5.00% | 09/01/2028 | 20 | 21,326 | ||||||||
| New York (City of), NY, Series 2022 B-1, Ref. GO Bonds |
5.00% | 08/01/2028 | 30 | 31,946 | ||||||||
| New York (City of), NY, Series 2022 C, Ref. GO Bonds |
5.00% | 08/01/2028 | 30 | 31,946 | ||||||||
| New York (City of), NY, Series 2023 A, GO Bonds |
5.00% | 08/01/2028 | 10 | 10,649 | ||||||||
| New York (City of), NY, Series 2023 C, Ref. GO Bonds |
5.00% | 08/01/2028 | 100 | 106,486 | ||||||||
| New York (City of), NY, Series 2023 F-1, Ref. GO Bonds |
5.00% | 08/01/2028 | 205 | 218,295 | ||||||||
| New York (City of), NY, Subseries 2008 J-5, GO Bonds |
5.00% | 08/01/2028 | 300 | 319,457 | ||||||||
| New York (City of), NY, Subseries 2008 L-6, GO Bonds |
5.00% | 04/01/2028 | 5 | 5,293 | ||||||||
| New York (City of), NY, Subseries 2018 D-1, GO Bonds |
5.00% | 12/01/2033 | 540 | 564,570 | ||||||||
| New York (City of), NY, Subseries 2018 D-1, GO Bonds |
5.00% | 12/01/2034 | 10 | 10,415 | ||||||||
| New York (City of), NY, Subseries 2018 D-1, GO Bonds |
5.00% | 12/01/2035 | 30 | 31,119 | ||||||||
| New York (City of), NY, Subseries 2018 D-1, GO Bonds |
5.00% | 12/01/2036 | 50 | 51,678 | ||||||||
| New York (City of), NY, Subseries 2018 D-1, GO Bonds |
5.00% | 12/01/2038 | 110 | 112,717 | ||||||||
| New York (City of), NY, Subseries 2018 D-1, GO Bonds |
5.00% | 12/01/2039 | 305 | 311,621 | ||||||||
| New York (City of), NY, Subseries 2018 D-1, GO Bonds |
5.00% | 12/01/2040 | 80 | 81,654 | ||||||||
| New York (City of), NY, Subseries 2018 D-1, GO Bonds |
5.00% | 12/01/2041 | 570 | 579,835 | ||||||||
| New York (City of), NY, Subseries 2018 D-1, GO Bonds |
4.00% | 12/01/2043 | 10 | 8,948 | ||||||||
| New York (City of), NY, Subseries 2018 D-1, GO Bonds |
5.00% | 12/01/2044 | 40 | 40,421 | ||||||||
| New York (City of), NY, Subseries 2018 F-1, GO Bonds |
5.00% | 04/01/2033 | 235 | 244,145 | ||||||||
| New York (City of), NY, Subseries 2018 F-1, GO Bonds |
5.00% | 04/01/2034 | 340 | 352,177 | ||||||||
| New York (City of), NY, Subseries 2018 F-1, GO Bonds |
5.00% | 04/01/2035 | 95 | 98,085 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Municipal Bond ETF (BSMS)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| New York-(continued) |
||||||||||||
| New York (City of), NY, Subseries 2018 F-1, GO Bonds |
5.00% | 04/01/2036 | $ | 40 | $ | 41,181 | ||||||
| New York (City of), NY, Subseries 2018 F-1, GO Bonds |
5.00% | 04/01/2037 | 25 | 25,647 | ||||||||
| New York (City of), NY, Subseries 2018 F-1, GO Bonds |
5.00% | 04/01/2038 | 65 | 66,444 | ||||||||
| New York (City of), NY, Subseries 2018 F-1, GO Bonds |
5.00% | 04/01/2040 | 80 | 81,332 | ||||||||
| New York (City of), NY, Subseries 2018 F-1, GO Bonds |
5.00% | 04/01/2043 | 110 | 111,138 | ||||||||
| New York (City of), NY, Subseries 2018 F-1, GO Bonds |
5.00% | 04/01/2045 | 240 | 241,779 | ||||||||
| New York (City of), NY, Subseries 2022 B-1, GO Bonds |
5.00% | 10/01/2028 | 45 | 48,050 | ||||||||
| New York (City of), NY, Subseries 2024 C-1, GO Bonds |
5.00% | 09/01/2028 | 5 | 5,332 | ||||||||
| New York (City of), NY Industrial Development Agency, Series 2021, Ref. RB, (INS - AGI)(b) |
5.00% | 01/01/2028 | 35 | 36,653 | ||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2017, Ref. RB |
5.00% | 06/15/2028 | 100 | 104,071 | ||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2018 FF, Ref. RB |
5.00% | 06/15/2030 | 20 | 21,075 | ||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2018 FF, Ref. RB |
5.00% | 06/15/2034 | 15 | 15,627 | ||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2018 FF, Ref. RB |
5.00% | 06/15/2039 | 70 | 71,424 | ||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2018 FF, Ref. RB |
5.00% | 06/15/2040 | 165 | 167,912 | ||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2018, Ref. RB |
5.00% | 06/15/2038 | 50 | 51,173 | ||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2019 DD-1, RB |
4.00% | 06/15/2037 | 320 | 315,271 | ||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2019 DD-1, RB |
5.00% | 06/15/2049 | 280 | 281,670 | ||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2019 DD-1, RB |
5.25% | 06/15/2049 | 100 | 101,380 | ||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2019 DD-1, Ref. RB |
5.00% | 06/15/2037 | 235 | 241,598 | ||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2020, Ref. RB |
5.00% | 06/15/2028 | 15 | 15,998 | ||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2022 EE, Ref. RB |
5.00% | 06/15/2028 | 250 | 266,628 | ||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2022 EE, Ref. RB |
5.00% | 06/15/2045 | 180 | 181,375 | ||||||||
| New York (City of), NY Municipal Water Finance Authority, Subseries 2020 AA-2, RB |
5.00% | 06/15/2028 | 60 | 63,991 | ||||||||
| New York (City of), NY Municipal Water Finance Authority, Subseries 2023 AA-2, RB |
5.00% | 06/15/2030 | 25 | 26,588 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 1998 A-1, RB |
5.00% | 11/01/2028 | 135 | 144,346 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2002-1, Ref. RB |
5.00% | 11/01/2028 | 95 | 101,577 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2017 S-1, Ref. RB |
5.00% | 07/15/2028 | 10 | 10,409 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2018 C-2, RB |
5.00% | 05/01/2034 | 30 | 31,200 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2018 C-2, RB |
5.00% | 05/01/2035 | 565 | 585,165 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2018 C-2, RB |
5.00% | 05/01/2036 | 95 | 98,075 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2018 C-2, RB |
5.00% | 05/01/2037 | 10 | 10,292 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2018 C-2, RB |
5.00% | 05/01/2038 | 105 | 107,628 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2018 C-3, RB |
5.00% | 05/01/2039 | 30 | 30,673 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2018 C-3, RB |
5.00% | 05/01/2041 | 200 | 203,329 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2018 S-1, RB |
5.00% | 07/15/2032 | 50 | 52,293 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2018 S-1, RB |
5.00% | 07/15/2034 | 230 | 239,234 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2018 S-1, RB |
5.00% | 07/15/2035 | 5 | 5,185 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2018 S-1, RB |
5.00% | 07/15/2036 | 30 | 31,029 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2018 S-1, RB |
5.00% | 07/15/2043 | 165 | 166,880 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2018 S-1, RB |
5.00% | 07/15/2045 | 205 | 206,700 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2018 S-2A, Ref. RB |
5.00% | 07/15/2028 | 90 | 95,850 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2018 S-2A, Ref. RB |
5.00% | 07/15/2030 | 10 | 10,512 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2018 S-2A, Ref. RB |
5.00% | 07/15/2031 | 15 | 15,733 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2018 S-2A, Ref. RB |
5.00% | 07/15/2033 | 65 | 67,797 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2018 S-2A, Ref. RB |
5.00% | 07/15/2035 | 760 | 788,147 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2018 S-2A, Ref. RB |
4.00% | 07/15/2036 | 35 | 34,596 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2018 S-3, RB |
5.00% | 07/15/2033 | 525 | 547,593 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2018 S-3, RB |
5.00% | 07/15/2034 | 310 | 322,446 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2018 S-3, RB |
5.25% | 07/15/2036 | 25 | 26,077 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2018 S-3, RB |
5.00% | 07/15/2037 | 55 | 56,673 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2018 S-3, RB |
5.00% | 07/15/2043 | 95 | 96,110 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2018 S-4A, Ref. RB |
5.00% | 07/15/2028 | 55 | 58,575 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2018 S-4A, Ref. RB |
5.00% | 07/15/2034 | 100 | 104,015 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2018 S-4A, Ref. RB |
5.00% | 07/15/2037 | 415 | 427,627 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2020, Ref. RB |
5.00% | 11/01/2028 | 295 | 315,423 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2021 A-1, Ref. RB |
5.00% | 11/01/2028 | 80 | 85,539 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022 A-1, RB |
5.00% | 08/01/2028 | 60 | 63,891 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022 B-1, Ref. RB |
5.00% | 11/01/2028 | 325 | 347,500 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022 S-1A, Ref. RB |
5.00% | 07/15/2028 | 150 | 159,750 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023 E-1, Ref. RB |
5.00% | 11/01/2028 | 215 | 229,885 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Municipal Bond ETF (BSMS)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| New York-(continued) |
||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2024 C, GO Bonds |
5.00% | 05/01/2028 | $ | 125 | $ | 132,538 | ||||||
| New York (City of), NY Transitional Finance Authority, Series 2024 D-1, Ref. RB |
5.00% | 11/01/2028 | 10 | 10,692 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2025 E, RB |
5.00% | 11/01/2028 | 5 | 5,346 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2025, Ref. RB |
5.00% | 11/01/2028 | 30 | 32,077 | ||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2012 A-6, RB |
5.00% | 08/01/2028 | 10 | 10,649 | ||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2018 A-1, RB |
5.00% | 08/01/2033 | 90 | 94,215 | ||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2018 A-1, RB |
5.00% | 08/01/2035 | 85 | 88,202 | ||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2018 A-1, RB |
5.00% | 08/01/2036 | 30 | 31,019 | ||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2018 A-1, RB |
5.00% | 08/01/2037 | 10 | 10,303 | ||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2018 A-1, RB |
5.00% | 08/01/2040 | 55 | 56,170 | ||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2018 A-1, RB |
5.00% | 08/01/2042 | 500 | 507,493 | ||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2018 B-1, RB. |
5.00% | 08/01/2035 | 145 | 150,462 | ||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2018 B-1, RB. |
5.00% | 08/01/2036 | 180 | 186,116 | ||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2018 B-1, RB. |
5.25% | 08/01/2037 | 55 | 57,088 | ||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2018 B-1, RB. |
4.00% | 08/01/2038 | 355 | 343,681 | ||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2018 S-2A, Ref. RB |
5.00% | 07/15/2034 | 25 | 26,004 | ||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2018 S-3, Ref. RB |
5.00% | 07/15/2028 | 210 | 223,649 | ||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2018 S-3, Ref. RB |
5.00% | 07/15/2030 | 235 | 247,023 | ||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2018 S-3, Ref. RB |
5.00% | 07/15/2031 | 100 | 104,889 | ||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2018 S-3, Ref. RB |
5.00% | 07/15/2033 | 245 | 255,544 | ||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2018 S-3, Ref. RB |
5.00% | 07/15/2035 | 35 | 36,296 | ||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2018 S-3, Ref. RB |
5.00% | 07/15/2036 | 110 | 113,774 | ||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2018 S-3, Ref. RB |
5.00% | 07/15/2037 | 150 | 154,564 | ||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2018 S-3A, Ref. RB |
5.00% | 07/15/2032 | 165 | 172,568 | ||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2018 S-3A, Ref. RB |
5.00% | 07/15/2034 | 110 | 114,416 | ||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2018 S-3A, Ref. RB |
4.00% | 07/15/2038 | 15 | 14,440 | ||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2018 S-4A, Ref. RB |
5.00% | 07/15/2033 | 25 | 26,076 | ||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2018 S-4A, Ref. RB |
5.25% | 07/15/2035 | 20 | 20,899 | ||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2018, RB |
5.00% | 08/01/2034 | 105 | 109,451 | ||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2018, RB |
5.00% | 08/01/2038 | 5 | 5,130 | ||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2018, RB |
4.00% | 08/01/2039 | 90 | 85,598 | ||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2021 F-1, Ref. RB |
5.00% | 11/01/2028 | 45 | 48,115 | ||||||||
| New York (State of), Series 2019 A, GO Bonds |
5.00% | 03/01/2028 | 5 | 5,315 | ||||||||
| New York (State of) Dormitory Authority, Series 2005 B, Ref. RB, (INS - AMBAC)(b) |
5.50% | 03/15/2028 | 30 | 32,117 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 1, Ref. RB |
5.00% | 01/15/2028 | 50 | 52,885 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 A, RB |
5.00% | 10/01/2028 | 10 | 10,711 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 A, RB |
5.00% | 03/15/2031 | 110 | 115,191 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 A, RB |
5.00% | 03/15/2032 | 115 | 119,815 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 A, RB |
5.00% | 07/01/2032 | 125 | 131,505 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 A, RB |
5.00% | 07/01/2033 | 110 | 115,381 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 A, RB |
5.00% | 03/15/2034 | 270 | 279,438 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 A, RB |
4.00% | 07/01/2035 | 195 | 194,419 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 A, RB |
5.00% | 03/15/2036 | 5 | 5,138 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 A, RB |
5.00% | 07/01/2036 | 190 | 197,202 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 A, RB |
5.00% | 07/01/2038 | 95 | 97,797 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 A, RB |
5.00% | 03/15/2039 | 150 | 152,651 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 A, RB |
5.00% | 07/01/2039 | 300 | 307,879 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 A, RB |
5.00% | 07/01/2040 | 380 | 389,040 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 A, RB |
5.00% | 03/15/2041 | 35 | 35,318 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 A, RB |
5.00% | 07/01/2048 | 150 | 151,604 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 A, Ref. RB(a) |
5.00% | 03/15/2028 | 170 | 180,867 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 A, Ref. RB(a)(c) |
5.00% | 09/15/2028 | 10 | 10,742 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 A, Ref. RB |
5.00% | 03/15/2030 | 45 | 47,638 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 A, Ref. RB |
5.00% | 09/15/2030 | 10 | 10,579 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 A, Ref. RB |
5.00% | 03/15/2031 | 100 | 105,632 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 A, Ref. RB |
5.00% | 03/15/2032 | 285 | 300,192 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 A, Ref. RB |
5.00% | 08/01/2032 | 375 | 382,017 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 A, Ref. RB |
5.25% | 03/15/2037 | 20 | 20,798 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 A, Ref. RB |
5.25% | 03/15/2039 | 100 | 103,168 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 A, Ref. RB |
5.00% | 03/15/2040 | 115 | 116,940 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Municipal Bond ETF (BSMS)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| New York-(continued) |
||||||||||||
| New York (State of) Dormitory Authority, Series 2018 C, Ref. RB(a)(c) |
5.00% | 03/15/2028 | $ | 15 | $ | 15,959 | ||||||
| New York (State of) Dormitory Authority, Series 2018 C, Ref. RB |
5.00% | 03/15/2031 | 60 | 62,782 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 C, Ref. RB |
5.00% | 03/15/2032 | 100 | 104,170 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 C, Ref. RB |
5.00% | 03/15/2033 | 10 | 10,379 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 C, Ref. RB |
5.00% | 03/15/2034 | 50 | 51,702 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 C, Ref. RB |
5.00% | 03/15/2039 | 10 | 10,177 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 E, Ref. RB(a)(c) |
5.00% | 09/15/2028 | 5 | 5,371 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 E, Ref. RB |
5.00% | 03/15/2030 | 325 | 344,154 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 E, Ref. RB |
5.00% | 03/15/2032 | 25 | 26,229 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 E, Ref. RB |
5.00% | 03/15/2033 | 35 | 36,554 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 E, Ref. RB |
5.00% | 03/15/2034 | 225 | 233,970 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 E, Ref. RB |
5.00% | 03/15/2035 | 250 | 258,710 | ||||||||
| New York (State of) Dormitory Authority, Series 2018 E, Ref. RB |
5.00% | 03/15/2048 | 400 | 403,246 | ||||||||
| New York (State of) Dormitory Authority, Series 2018, Ref. RB(a) |
5.00% | 03/15/2028 | 50 | 53,196 | ||||||||
| New York (State of) Dormitory Authority, Series 2018, Ref. RB |
5.00% | 03/15/2030 | 65 | 68,300 | ||||||||
| New York (State of) Dormitory Authority, Series 2018-1, Ref. RB |
5.00% | 01/15/2032 | 160 | 166,686 | ||||||||
| New York (State of) Dormitory Authority, Series 2019 A, Ref. RB(a) |
5.00% | 03/15/2028 | 15 | 15,814 | ||||||||
| New York (State of) Dormitory Authority, Series 2019 A, Ref. RB |
5.00% | 03/15/2028 | 10 | 10,573 | ||||||||
| New York (State of) Dormitory Authority, Series 2020, RB, (INS - AGI)(b) |
5.00% | 10/01/2028 | 20 | 21,316 | ||||||||
| New York (State of) Dormitory Authority, Series 2020, RB, (INS - AGI)(b) |
5.00% | 10/01/2032 | 50 | 52,614 | ||||||||
| New York (State of) Dormitory Authority, Series 2020, RB, (INS - AGI)(b) |
5.00% | 10/01/2033 | 10 | 10,489 | ||||||||
| New York (State of) Dormitory Authority, Series 2020, RB, (INS - AGI)(b) |
5.00% | 10/01/2034 | 100 | 104,538 | ||||||||
| New York (State of) Dormitory Authority, Series 2020, RB, (INS - AGI)(b) |
5.00% | 10/01/2035 | 45 | 46,880 | ||||||||
| New York (State of) Dormitory Authority, Series 2021 A, RB, (INS - AGI)(b) |
5.00% | 10/01/2028 | 155 | 165,200 | ||||||||
| New York (State of) Dormitory Authority, Series 2021 A, Ref. RB |
5.00% | 03/15/2028 | 65 | 68,722 | ||||||||
| New York (State of) Dormitory Authority, Series 2022 A, Ref. RB(a) |
5.00% | 03/15/2028 | 60 | 63,835 | ||||||||
| New York (State of) Dormitory Authority, Series 2023, RB, (INS - AGI)(b) |
5.00% | 10/01/2028 | 5 | 5,331 | ||||||||
| New York (State of) Dormitory Authority, Series 2024 A, GO Bonds, (INS - AGI)(b) |
5.00% | 10/01/2028 | 80 | 85,265 | ||||||||
| New York (State of) Dormitory Authority, Series 2024 A, RB |
5.00% | 07/01/2028 | 200 | 211,183 | ||||||||
| New York (State of) Dormitory Authority, Series 2024 A, Ref. RB |
5.00% | 03/15/2028 | 60 | 63,436 | ||||||||
| New York (State of) Dormitory Authority, Series 2024 B, Ref. RB |
5.00% | 03/15/2028 | 25 | 26,501 | ||||||||
| New York (State of) Dormitory Authority (Bidding Group 1), Series 2018 A, RB(a) |
5.00% | 03/15/2028 | 30 | 31,918 | ||||||||
| New York (State of) Dormitory Authority (Bidding Group 1), Series 2018 C, Ref. RB |
5.00% | 03/15/2035 | 315 | 324,439 | ||||||||
| New York (State of) Dormitory Authority (Bidding Group 1), Series 2018 C, Ref. RB |
5.00% | 03/15/2036 | 100 | 102,681 | ||||||||
| New York (State of) Dormitory Authority (Bidding Group 2), Series 2018 A, RB |
5.00% | 03/15/2030 | 260 | 273,417 | ||||||||
| New York (State of) Dormitory Authority (Bidding Group 2), Series 2018 A, RB |
5.00% | 03/15/2033 | 370 | 384,164 | ||||||||
| New York (State of) Dormitory Authority (Bidding Group 2), Series 2018 A, RB |
5.00% | 03/15/2037 | 10 | 10,246 | ||||||||
| New York (State of) Dormitory Authority (Bidding Group 2), Series 2018 E, Ref. RB |
5.00% | 03/15/2036 | 220 | 226,839 | ||||||||
| New York (State of) Dormitory Authority (Bidding Group 2), Series 2018 E, Ref. RB |
5.00% | 03/15/2037 | 70 | 71,909 | ||||||||
| New York (State of) Dormitory Authority (Bidding Group 2), Series 2018 E, Ref. RB |
5.00% | 03/15/2039 | 425 | 433,456 | ||||||||
| New York (State of) Dormitory Authority (Bidding Group 2), Series 2018 E, Ref. RB |
5.00% | 03/15/2040 | 240 | 243,859 | ||||||||
| New York (State of) Dormitory Authority (Bidding Group 2), Series 2018 E, Ref. RB |
5.00% | 03/15/2043 | 25 | 25,206 | ||||||||
| New York (State of) Dormitory Authority (Bidding Group 2), Series 2018 E, Ref. RB |
5.00% | 03/15/2044 | 15 | 15,113 | ||||||||
| New York (State of) Dormitory Authority (Bidding Group 3), Series 2018 A, RB |
5.00% | 03/15/2038 | 150 | 153,118 | ||||||||
| New York (State of) Dormitory Authority (Bidding Group 3), Series 2018 A, RB |
5.00% | 03/15/2042 | 155 | 156,160 | ||||||||
| New York (State of) Dormitory Authority (Bidding Group 4), Series 2018 A, RB |
5.00% | 03/15/2044 | 95 | 95,630 | ||||||||
| New York (State of) Dormitory Authority (Bidding Group 4), Series 2018 A, RB |
5.00% | 03/15/2045 | 100 | 100,600 | ||||||||
| New York (State of) Dormitory Authority (Bidding Group 4), Series 2018 C, Ref. RB |
5.00% | 03/15/2038 | 280 | 285,583 | ||||||||
| New York (State of) Dormitory Authority (Bidding Group 4), Series 2018 C, Ref. RB |
5.00% | 03/15/2042 | 15 | 15,112 | ||||||||
| New York (State of) Dormitory Authority (Columbia University), Series 2018 B, Ref. RB |
5.00% | 10/01/2038 | 340 | 347,871 | ||||||||
| New York (State of) Dormitory Authority (General Purpose), Series 2018 A, Ref. RB |
5.25% | 03/15/2038 | 635 | 657,451 | ||||||||
| New York (State of) Dormitory Authority (New York University), Series 2019 A, RB |
5.00% | 07/01/2028 | 25 | 26,554 | ||||||||
| New York (State of) Dormitory Authority (State University of New York Dormitory Facilities), Series 2023 B, Ref. RB |
5.00% | 07/01/2028 | 10 | 10,631 | ||||||||
| New York (State of) Power Authority (Green Transmission), Series 2022, RB, (INS - AGI)(b) |
5.00% | 11/15/2028 | 205 | 221,152 | ||||||||
| New York (State of) Power Authority (Green Transmission), Series 2023, RB, (INS - AGI)(b) |
5.00% | 11/15/2028 | 65 | 70,121 | ||||||||
| New York (State of) Thruway Authority, Series 2018 L, Ref. RB |
5.00% | 01/01/2028 | 30 | 31,669 | ||||||||
| New York (State of) Thruway Authority, Series 2018 L, Ref. RB |
5.00% | 01/01/2030 | 95 | 99,260 | ||||||||
| New York (State of) Thruway Authority, Series 2018 L, Ref. RB |
5.00% | 01/01/2031 | 20 | 20,856 | ||||||||
| New York (State of) Thruway Authority, Series 2018 L, Ref. RB |
5.00% | 01/01/2033 | 40 | 41,534 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Municipal Bond ETF (BSMS)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| New York-(continued) |
||||||||||||
| New York (State of) Thruway Authority, Series 2018 L, Ref. RB |
5.00% | 01/01/2034 | $ | 5 | $ | 5,179 | ||||||
| New York (State of) Thruway Authority, Series 2018 L, Ref. RB |
5.00% | 01/01/2035 | 60 | 61,941 | ||||||||
| New York (State of) Thruway Authority, Series 2018 L, Ref. RB |
4.00% | 01/01/2036 | 225 | 221,436 | ||||||||
| New York (State of) Thruway Authority, Series 2018 L, Ref. RB |
3.50% | 01/01/2037 | 30 | 28,777 | ||||||||
| New York (State of) Thruway Authority, Series 2021 A-1, Ref. RB |
5.00% | 03/15/2028 | 20 | 21,173 | ||||||||
| New York (State of) Thruway Authority, Series 2024 P, Ref. RB |
5.00% | 01/01/2028 | 5 | 5,278 | ||||||||
| New York (State of) Thruway Authority, Series 2024 Q, Ref. RB |
5.00% | 01/01/2028 | 15 | 15,834 | ||||||||
| New York (State of) Thruway Authority (Bidding Group 1), Series 2022 A, Ref. RB |
5.00% | 03/15/2028 | 20 | 21,173 | ||||||||
| New York City Health and Hospitals Corp., Series 2021 A, Ref. RB |
5.00% | 02/15/2028 | 60 | 63,468 | ||||||||
| New York City Transitional Finance Authority Future Tax Secured Revenue, Series 2018 C-2, RB |
5.00% | 05/01/2032 | 10 | 10,455 | ||||||||
| New York City Transitional Finance Authority Future Tax Secured Revenue, Series 2018, RB |
5.00% | 08/01/2034 | 70 | 72,967 | ||||||||
| New York City Transitional Finance Authority Future Tax Secured Revenue, Series 2020, RB |
5.00% | 08/01/2028 | 55 | 58,567 | ||||||||
| New York City Transitional Finance Authority Future Tax Secured Revenue, Series 2022, RB |
5.00% | 11/01/2028 | 65 | 69,500 | ||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2017, Ref. RB |
5.00% | 06/15/2028 | 50 | 52,075 | ||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2018 A, Ref. RB |
5.00% | 06/15/2030 | 40 | 42,171 | ||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2018 B, RB |
5.00% | 06/15/2043 | 40 | 40,576 | ||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2018 B, RB |
5.00% | 06/15/2048 | 150 | 151,163 | ||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2019 B, Ref. RB |
5.00% | 06/15/2028 | 20 | 21,348 | ||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2021, RB |
5.00% | 06/15/2028 | 85 | 90,730 | ||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2023, Ref. RB |
5.00% | 06/15/2028 | 20 | 21,348 | ||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2024, Ref. RB |
5.00% | 06/15/2028 | 15 | 16,011 | ||||||||
| New York State Urban Development Corp., Series 2019 A, RB |
5.00% | 03/15/2035 | 195 | 202,527 | ||||||||
| New York State Urban Development Corp., Series 2019 A, RB |
5.00% | 03/15/2037 | 45 | 46,395 | ||||||||
| New York State Urban Development Corp., Series 2019 A, RB |
5.00% | 03/15/2038 | 110 | 112,848 | ||||||||
| New York State Urban Development Corp., Series 2019 A, RB |
5.00% | 03/15/2039 | 85 | 86,917 | ||||||||
| New York State Urban Development Corp., Series 2019 A, RB |
5.00% | 03/15/2040 | 135 | 137,525 | ||||||||
| New York State Urban Development Corp., Series 2019 A, RB |
5.00% | 03/15/2044 | 105 | 105,953 | ||||||||
| New York State Urban Development Corp., Series 2019 A, RB |
5.00% | 03/15/2045 | 50 | 50,410 | ||||||||
| New York State Urban Development Corp., Series 2019, RB |
5.00% | 03/15/2036 | 155 | 160,398 | ||||||||
| New York State Urban Development Corp., Series 2020, Ref. RB |
5.00% | 03/15/2028 | 175 | 185,118 | ||||||||
| New York State Urban Development Corp., Series 2022, Ref. RB(a) |
5.00% | 09/15/2028 | 5 | 5,363 | ||||||||
| New York State Urban Development Corp. (Bidding Group 1), Series 2021 A, Ref. RB |
5.00% | 03/15/2028 | 105 | 111,215 | ||||||||
| New York Transportation Development Corp. (Termial 4 John F. Kennedy International Airport), Series 2020, Ref. RB |
5.00% | 12/01/2028 | 75 | 79,023 | ||||||||
| Sufflock (County of), NY, Series 2017 D, Ref. GO Bonds, (INS - BAM)(b) |
4.00% | 10/15/2028 | 10 | 10,229 | ||||||||
| Suffolk (County of), NY Water Authority, Series 2013, Ref. RB |
3.00% | 06/01/2028 | 15 | 14,961 | ||||||||
| Triborough Bridge & Tunnel Authority, Series 2017 B, Ref. RB |
5.00% | 11/15/2028 | 150 | 160,843 | ||||||||
| Triborough Bridge & Tunnel Authority, Series 2018 B, Ref. RB |
5.00% | 11/15/2028 | 530 | 568,313 | ||||||||
| Triborough Bridge & Tunnel Authority, Series 2025 A, RB |
5.00% | 02/01/2028 | 1,010 | 1,066,531 | ||||||||
| Triborough Bridge & Tunnel Authority, Series 2025, RB |
5.00% | 12/01/2028 | 15 | 16,081 | ||||||||
| Triborough Bridge & Tunnel Authority (Green Bonds), Series 2022, Ref. RB |
5.00% | 11/15/2028 | 60 | 64,337 | ||||||||
| Triborough Bridge & Tunnel Authority (Green Bonds), Series 2023, RB |
5.00% | 11/15/2028 | 190 | 202,811 | ||||||||
| Triborough Bridge & Tunnel Authority (Green Bonds), Series 2023, Ref. RB |
5.00% | 11/15/2028 | 35 | 37,530 | ||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2017 C-1, Ref. RB |
5.00% | 11/15/2028 | 330 | 353,855 | ||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2018 A, RB |
5.00% | 11/15/2043 | 5 | 5,036 | ||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2018 A, RB |
5.00% | 11/15/2044 | 325 | 326,933 | ||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2018 A, RB |
5.00% | 11/15/2046 | 10 | 10,041 | ||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2018 C, Ref. RB |
5.00% | 11/15/2033 | 30 | 31,249 | ||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2018 C, Ref. RB |
5.00% | 11/15/2034 | 45 | 46,690 | ||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2018 C, Ref. RB |
5.00% | 11/15/2035 | 160 | 165,318 | ||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2018 C, Ref. RB |
5.00% | 11/15/2036 | 30 | 30,873 | ||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2018 C, Ref. RB |
5.00% | 11/15/2037 | 80 | 81,984 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Municipal Bond ETF (BSMS)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| New York-(continued) |
||||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2022, RB |
5.00% | 05/15/2028 | $ | 100 | $ | 106,310 | ||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2023 A, Ref. RB |
5.00% | 11/15/2028 | 185 | 198,373 | ||||||||
|
|
|
|||||||||||
| 39,744,456 | ||||||||||||
|
|
|
|||||||||||
| North Carolina-0.96% |
||||||||||||
| Charlotte (City of), NC, Series 2018, Ref. RB |
5.00% | 07/01/2028 | 215 | 229,350 | ||||||||
| Charlotte (City of), NC, Series 2018, Ref. RB |
5.00% | 07/01/2031 | 400 | 423,228 | ||||||||
| Charlotte (City of), NC, Series 2018, Ref. RB |
5.00% | 07/01/2032 | 40 | 42,179 | ||||||||
| Charlotte (City of), NC, Series 2018, Ref. RB |
5.00% | 07/01/2033 | 15 | 15,752 | ||||||||
| Charlotte (City of), NC, Series 2018, Ref. RB |
5.00% | 07/01/2034 | 20 | 20,916 | ||||||||
| Charlotte (City of), NC, Series 2023 B, Ref. GO Bonds |
5.00% | 07/01/2028 | 10 | 10,667 | ||||||||
| Mecklenburg (County of), NC, Series 2022, GO Bonds |
5.00% | 09/01/2028 | 25 | 26,746 | ||||||||
| New York (State of) Dormitory Authority, Series 2019 A, RB |
5.00% | 05/01/2028 | 20 | 21,241 | ||||||||
| North Carolina (State of), Series 2017 B, Ref. RB |
5.00% | 05/01/2028 | 175 | 182,093 | ||||||||
| North Carolina (State of), Series 2018 A, GO Bonds |
5.00% | 06/01/2030 | 55 | 58,219 | ||||||||
| North Carolina (State of), Series 2018 A, GO Bonds |
5.00% | 06/01/2031 | 250 | 263,902 | ||||||||
| North Carolina (State of), Series 2020 A, GO Bonds |
5.00% | 06/01/2028 | 80 | 85,239 | ||||||||
| North Carolina (State of), Series 2022 A, RB |
5.00% | 05/01/2028 | 5 | 5,310 | ||||||||
| North Carolina (State of) (Build North Carolina Programs), Series 2020 B, RB |
5.00% | 05/01/2028 | 285 | 302,679 | ||||||||
| North Carolina (State of) (Garvee), Series 2019, RB |
5.00% | 03/01/2028 | 5 | 5,284 | ||||||||
| North Carolina (State of) Turnpike Authority, Series 2018 A, Ref. RB |
4.00% | 01/01/2034 | 35 | 35,271 | ||||||||
| North Carolina (State of) Turnpike Authority, Series 2018 A, Ref. RB |
4.00% | 01/01/2035 | 15 | 15,080 | ||||||||
| Raleigh (City of), NC, Series 2024, Ref. RB |
5.00% | 10/01/2028 | 10 | 10,704 | ||||||||
| Wake (County of), NC, Series 2021, RB |
5.00% | 03/01/2028 | 15 | 15,880 | ||||||||
|
|
|
|||||||||||
| 1,769,740 | ||||||||||||
|
|
|
|||||||||||
| North Dakota-0.10% |
||||||||||||
| University of North Dakota, Series 2018, COP |
5.00% | 04/01/2057 | 195 | 191,228 | ||||||||
|
|
|
|||||||||||
| Ohio-2.29% |
||||||||||||
| Allen (County of), OH, Series 2017 A, Ref. RB |
5.00% | 08/01/2028 | 80 | 83,751 | ||||||||
| Allen (County of), OH, Series 2017 A, Ref. RB |
5.00% | 08/01/2029 | 80 | 83,538 | ||||||||
| Allen (County of), OH, Series 2017 A, Ref. RB |
4.00% | 08/01/2037 | 235 | 226,897 | ||||||||
| Allen (County of), OH, Series 2017 A, Ref. RB |
4.00% | 08/01/2038 | 20 | 19,011 | ||||||||
| Allen (County of), OH (Mercy Health), Series 2017 A, Ref. RB |
5.00% | 08/01/2042 | 45 | 44,820 | ||||||||
| Allen (County of), OH (Mercy Health), Series 2020, Ref. RB |
5.00% | 12/01/2028 | 30 | 31,843 | ||||||||
| American Municipal Power, Inc. (Combined Hydroelectric), Series 2020, Ref. RB |
5.00% | 02/15/2028 | 5 | 5,262 | ||||||||
| American Municipal Power, Inc. (Fremont Energy Center), Series 2017, Ref. RB |
4.00% | 02/15/2042 | 150 | 138,193 | ||||||||
| Cincinnati City School District (Classroom Construction & Improvement), Series 2006, Ref. GO Bonds, (INS - NATL)(b) |
5.25% | 12/01/2028 | 35 | 37,715 | ||||||||
| Cleveland (City of), OH, Series 2018, GO Bonds |
5.00% | 12/01/2043 | 125 | 126,291 | ||||||||
| Columbus (City of), OH, Series 2016 3, Ref. GO Bonds |
5.00% | 02/15/2028 | 40 | 41,198 | ||||||||
| Columbus (City of), OH, Series 2017-1, Ref. GO Bonds |
5.00% | 04/01/2028 | 115 | 119,574 | ||||||||
| Columbus (City of), OH, Series 2018 A, GO Bonds |
5.00% | 04/01/2028 | 35 | 37,181 | ||||||||
| Columbus (City of), OH, Series 2018 A, GO Bonds |
5.00% | 04/01/2030 | 25 | 26,337 | ||||||||
| Columbus (City of), OH, Series 2018 A, GO Bonds |
5.00% | 04/01/2031 | 40 | 42,012 | ||||||||
| Columbus (City of), OH, Series 2018 A, GO Bonds |
5.00% | 04/01/2032 | 55 | 57,626 | ||||||||
| Columbus (City of), OH, Series 2018 A, GO Bonds |
5.00% | 04/01/2033 | 10 | 10,448 | ||||||||
| Columbus (City of), OH, Series 2018 A, GO Bonds |
5.00% | 04/01/2034 | 25 | 26,038 | ||||||||
| Columbus (City of), OH, Series 2021 A, GO Bonds |
5.00% | 04/01/2028 | 60 | 63,740 | ||||||||
| Columbus (City of), OH, Series 2023 A, GO Bonds |
5.00% | 08/15/2028 | 85 | 90,921 | ||||||||
| Columbus (City of), OH, Series 2024 A, GO Bonds |
5.00% | 08/15/2028 | 60 | 64,179 | ||||||||
| Cuyahoga Community College District, Series 2018, GO Bonds |
4.00% | 12/01/2042 | 15 | 13,739 | ||||||||
| Franklin (County of), OH, Series 2018, RB |
5.00% | 06/01/2048 | 150 | 150,782 | ||||||||
| Miami Valley Career Technology Center, Series 2018, GO Bonds |
3.75% | 12/01/2047 | 35 | 28,642 | ||||||||
| Northeast Ohio Regional Sewer District, Series 2017, Ref. RB |
4.00% | 11/15/2037 | 35 | 34,625 | ||||||||
| Northeast Ohio Regional Sewer District, Series 2017, Ref. RB |
4.00% | 11/15/2043 | 20 | 18,615 | ||||||||
| Ohio (State of), Series 2016 A, Ref. GO Bonds |
5.00% | 09/01/2028 | 65 | 69,561 | ||||||||
| Ohio (State of), Series 2017 B, Ref. GO Bonds |
5.00% | 09/01/2028 | 40 | 42,807 | ||||||||
| Ohio (State of), Series 2017 B, Ref. GO Bonds |
5.00% | 09/15/2028 | 80 | 85,671 | ||||||||
| Ohio (State of), Series 2017 C, Ref. GO Bonds |
5.00% | 08/01/2028 | 70 | 74,715 | ||||||||
| Ohio (State of), Series 2017 U, Ref. GO Bonds |
5.00% | 05/01/2028 | 110 | 117,014 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Municipal Bond ETF (BSMS)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| Ohio-(continued) |
||||||||||||
| Ohio (State of), Series 2019-1, RB |
5.00% | 12/15/2028 | $ | 190 | $ | 203,951 | ||||||
| Ohio (State of), Series 2021, RB |
5.00% | 02/01/2028 | 40 | 42,228 | ||||||||
| Ohio (State of) (Cleveland Clinic Health System Obligated Group), Series 2017 A, Ref. RB |
5.00% | 01/01/2030 | 120 | 125,061 | ||||||||
| Ohio (State of) (Cleveland Clinic Health System Obligated Group), Series 2017 A, Ref. RB |
5.00% | 01/01/2031 | 125 | 130,101 | ||||||||
| Ohio (State of) (Cleveland Clinic Health System Obligated Group), Series 2017 A, Ref. RB |
5.00% | 01/01/2033 | 90 | 93,338 | ||||||||
| Ohio (State of) (Cleveland Clinic Health System Obligated Group), Series 2017 A, Ref. RB |
4.00% | 01/01/2036 | 345 | 340,867 | ||||||||
| Ohio (State of) (Cleveland Clinic Health System Obligated Group), Series 2017, Ref. RB |
5.00% | 01/01/2028 | 40 | 42,041 | ||||||||
| Ohio (State of) (Cleveland Clinic Health System Obligated Group), Series 2017, Ref. RB |
4.00% | 01/01/2034 | 50 | 50,127 | ||||||||
| Ohio (State of) Turnpike & Infrastructure Commission, Series 2017 A, Ref. RB |
5.00% | 02/15/2028 | 15 | 15,434 | ||||||||
| Ohio (State of) Turnpike & Infrastructure Commission, Series 2018 A, RB |
4.00% | 02/15/2032 | 130 | 131,873 | ||||||||
| Ohio (State of) Turnpike & Infrastructure Commission, Series 2018 A, RB |
4.00% | 02/15/2033 | 80 | 80,838 | ||||||||
| Ohio (State of) Turnpike & Infrastructure Commission, Series 2018, RB |
5.00% | 02/15/2032 | 10 | 10,444 | ||||||||
| Ohio (State of) Turnpike & Infrastructure Commission (Infrastructure), Series 2018 A, RB |
5.00% | 02/15/2028 | 55 | 58,032 | ||||||||
| Ohio (State of) Turnpike & Infrastructure Commission (Infrastructure), Series 2018 A, RB |
5.00% | 02/15/2030 | 165 | 173,236 | ||||||||
| Ohio (State of) Turnpike & Infrastructure Commission (Infrastructure), Series 2018 A, RB |
5.00% | 02/15/2031 | 50 | 52,363 | ||||||||
| Ohio (State of) Turnpike & Infrastructure Commission (Infrastructure), Series 2018 A, RB |
5.00% | 02/15/2033 | 145 | 151,127 | ||||||||
| Ohio (State of) Water Development Authority, Series 2018, RB |
5.00% | 06/01/2028 | 165 | 174,481 | ||||||||
| Ohio (State of) Water Development Authority, Series 2019 A, RB |
5.00% | 06/01/2028 | 145 | 154,237 | ||||||||
| Ohio (State of) Water Development Authority, Series 2019 A, RB |
5.00% | 12/01/2028 | 160 | 171,641 | ||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund), Series 2023 A, Ref. RB |
5.00% | 06/01/2028 | 5 | 5,327 | ||||||||
| University of Cincinnati, Series 2018 A, Ref. RB |
5.00% | 06/01/2044 | 5 | 5,039 | ||||||||
|
|
|
|||||||||||
| 4,224,532 | ||||||||||||
|
|
|
|||||||||||
| Oklahoma-0.26% |
||||||||||||
| Oklahoma (State of) Capitol Improvement Authority, Series 2024 A, Ref. RB |
5.00% | 07/01/2028 | 175 | 186,040 | ||||||||
| Oklahoma (State of) Industries Authority (Oklahoma City Public Schools), Series 2024, RB |
5.00% | 04/01/2028 | 15 | 15,771 | ||||||||
| Oklahoma (State of) Turnpike Authority, Series 2017 D D, Ref. RB |
5.00% | 01/01/2028 | 140 | 147,215 | ||||||||
| Tulsa (County of), OK Industrial Authority (Broken Arrow Public Schools), Series 2019, RB |
5.00% | 09/01/2028 | 125 | 132,970 | ||||||||
|
|
|
|||||||||||
| 481,996 | ||||||||||||
|
|
|
|||||||||||
| Oregon-0.68% |
||||||||||||
| Benton & Linn (Counties of), OR Consolidated School District No. 509J & 509A Corvallis, Series 2018 B, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 06/15/2037 | 100 | 102,779 | ||||||||
| Multnomah (County of), OR, Series 2021 A, GO Bonds |
5.00% | 06/15/2028 | 85 | 90,551 | ||||||||
| Multnomah County School District No. 1, Series 2020, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 06/15/2028 | 80 | 85,153 | ||||||||
| Oregon (State of) (Article XI - Q State), Series 2023, GO Bonds |
5.00% | 05/01/2028 | 145 | 154,036 | ||||||||
| Oregon (State of) Tri-County Metropolitan Transportation District (Garvee), Series 2018 A, RB |
4.00% | 10/01/2033 | 25 | 25,207 | ||||||||
| Oregon City School District No. 62, Series 2018 B, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 06/15/2049 | 120 | 120,851 | ||||||||
| Portland (City of), OR, Series 2019 A, Ref. RB |
5.00% | 03/01/2028 | 90 | 95,282 | ||||||||
| Portland Community College District, Series 2023, GO Bonds |
5.00% | 06/15/2028 | 50 | 53,145 | ||||||||
| Salem-Keizer School District No. 24J, Series 2018, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 06/15/2032 | 150 | 156,614 | ||||||||
| Salem-Keizer School District No. 24J, Series 2018, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 06/15/2033 | 25 | 26,019 | ||||||||
| Salem-Keizer School District No. 24J, Series 2018, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 06/15/2034 | 45 | 46,697 | ||||||||
| Salem-Keizer School District No. 24J, Series 2018, GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 06/15/2035 | 105 | 105,594 | ||||||||
| Salem-Keizer School District No. 24J, Series 2018, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 06/15/2036 | 15 | 15,472 | ||||||||
| Salem-Keizer School District No. 24J, Series 2018, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 06/15/2037 | 55 | 56,528 | ||||||||
| Salem-Keizer School District No. 24J, Series 2018, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 06/15/2038 | 5 | 5,116 | ||||||||
| Salem-Keizer School District No. 24J, Series 2018, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 06/15/2039 | 5 | 5,100 | ||||||||
| University of Oregon, Series 2018 A, RB |
5.00% | 04/01/2048 | 105 | 106,299 | ||||||||
|
|
|
|||||||||||
| 1,250,443 | ||||||||||||
|
|
|
|||||||||||
| Pennsylvania-3.78% |
||||||||||||
| Allegheny (County of), PA, Series 2018 C-77, GO Bonds |
5.00% | 11/01/2043 | 135 | 137,230 | ||||||||
| Allegheny (County of), PA Higher Education Building Authority (Carnegie Mellon University), Series 2017, Ref. RB |
5.00% | 08/01/2028 | 30 | 31,389 | ||||||||
| Allegheny (County of), PA Hospital Development Authority (Allegheny Health Network Obligated Group Issue), Series 2018 A, Ref. RB |
5.00% | 04/01/2032 | 30 | 30,993 | ||||||||
| Allegheny (County of), PA Hospital Development Authority (Allegheny Health Network Obligated Group Issue), Series 2018 A, Ref. RB |
4.00% | 04/01/2037 | 20 | 19,340 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Municipal Bond ETF (BSMS)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| Pennsylvania-(continued) |
||||||||||||
| Allegheny (County of), PA Hospital Development Authority (Allegheny Health Network
Obligated Group Issue), |
4.00% | 04/01/2044 | $ | 55 | $ | 47,674 | ||||||
| Allegheny (County of), PA Hospital Development Authority (Allegheny Health Network
Obligated Group Issue), |
5.00% | 04/01/2047 | 450 | 439,332 | ||||||||
| Allegheny (County of), PA Hospital Development Authority (Allegheny Health Network Obligated Group Issue), Series 2018, Ref. RB |
5.00% | 04/01/2033 | 265 | 273,124 | ||||||||
| Allegheny (County of), PA Hospital Development Authority (Allegheny Health Network Obligated Group Issue), Series 2018, Ref. RB |
4.00% | 04/01/2038 | 150 | 142,801 | ||||||||
| Allegheny (County of), PA Hospital Development Authority (University of Pittsburgh Medical Center), Series 2019 A, Ref. RB |
5.00% | 07/15/2028 | 35 | 36,751 | ||||||||
| Allegheny (County of), PA Port Authority, Series 2020, Ref. RB |
5.00% | 03/01/2028 | 40 | 42,196 | ||||||||
| Allegheny (County of), PA Sanitary Authority, Series 2018, RB |
5.00% | 06/01/2045 | 100 | 100,788 | ||||||||
| Bucks (County of), PA Industrial Development Authority (St. Luke’s University Health Network), Series 2019, RB |
3.00% | 08/15/2050 | 180 | 120,590 | ||||||||
| Delaware Valley Regional Finance Authority, Series 1998 A, RB, (INS - AMBAC)(b) |
5.50% | 08/01/2028 | 345 | 370,069 | ||||||||
| DuBois (City of), PA Hospital Authority (Penn Highlands Healthcare), Series 2018, Ref. RB |
4.00% | 07/15/2048 | 30 | 22,750 | ||||||||
| Erie Sewer Authority, Series 2018 B, Ref. RB, (INS - AGI)(b) |
4.00% | 12/01/2041 | 30 | 28,494 | ||||||||
| Monroeville Finance Authority, Series 2022 B, Ref. RB |
5.00% | 02/15/2028 | 30 | 31,335 | ||||||||
| Montgomery (County of), PA Higher Education & Health Authority (Thomas Jefferson University), Series 2018 A, Ref. RB |
4.00% | 09/01/2049 | 5 | 4,167 | ||||||||
| Montgomery (County of), PA Higher Education & Health Authority (Thomas Jefferson University), Series 2018, Ref. RB |
5.00% | 09/01/2043 | 150 | 150,276 | ||||||||
| Montgomery (County of), PA Higher Education & Health Authority (Thomas Jefferson University), Series 2018, Ref. RB |
5.00% | 09/01/2048 | 150 | 145,826 | ||||||||
| Northampton (County of), PA General Purpose Authority (LaFayette College), Series 2018, Ref. RB |
4.00% | 11/01/2038 | 100 | 94,161 | ||||||||
| Pennsylvania (Commonwealth of), First Series 2017, Ref. GO Bonds |
5.00% | 01/01/2028 | 250 | 258,319 | ||||||||
| Pennsylvania (Commonwealth of), First Series 2018, GO Bonds |
5.00% | 03/01/2028 | 80 | 84,434 | ||||||||
| Pennsylvania (Commonwealth of), First Series 2018, GO Bonds |
4.00% | 03/01/2037 | 150 | 149,413 | ||||||||
| Pennsylvania (Commonwealth of), First Series 2018, GO Bonds, (INS - AGI)(b) |
4.00% | 03/01/2033 | 10 | 10,147 | ||||||||
| Pennsylvania (Commonwealth of), First Series 2018, GO Bonds, (INS - AGI)(b) |
4.00% | 03/01/2034 | 20 | 20,242 | ||||||||
| Pennsylvania (Commonwealth of), First Series 2018, GO Bonds, (INS - AGI)(b) |
3.75% | 03/01/2039 | 415 | 399,511 | ||||||||
| Pennsylvania (Commonwealth of), First Series 2018, GO Bonds, (INS - BAM)(b) |
4.00% | 03/01/2035 | 150 | 150,326 | ||||||||
| Pennsylvania (Commonwealth of), First Series 2018-1, GO Bonds |
5.00% | 03/01/2032 | 265 | 277,965 | ||||||||
| Pennsylvania (Commonwealth of), First Series 2020, GO Bonds |
5.00% | 05/01/2028 | 200 | 212,176 | ||||||||
| Pennsylvania (Commonwealth of), First Series 2023, Ref. GO Bonds |
5.00% | 09/01/2028 | 85 | 90,691 | ||||||||
| Pennsylvania (Commonwealth of), Second Series 2016, Ref. GO Bonds |
5.00% | 01/15/2028 | 400 | 413,609 | ||||||||
| Pennsylvania (Commonwealth of), Series 2018, GO Bonds |
4.00% | 03/01/2036 | 65 | 65,140 | ||||||||
| Pennsylvania (Commonwealth of), Series 2019, Ref. GO Bonds |
5.00% | 07/15/2028 | 200 | 212,938 | ||||||||
| Pennsylvania (Commonwealth of), Series 2021, GO Bonds |
5.00% | 05/15/2028 | 10 | 10,616 | ||||||||
| Pennsylvania (Commonwealth of), Series 2022, GO Bonds |
5.00% | 10/01/2028 | 70 | 74,790 | ||||||||
| Pennsylvania (Commonwealth of), Series 2024, GO Bonds |
5.00% | 08/15/2028 | 20 | 21,323 | ||||||||
| Pennsylvania (Commonwealth of) (Municipal Real Estate Funding, LLC), Series 2018 A, Ref. COP |
5.00% | 07/01/2043 | 60 | 60,574 | ||||||||
| Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (Trustees University of Pennsylvania), Series 2018 A, RB |
5.00% | 02/15/2048 | 10 | 10,086 | ||||||||
| Pennsylvania (Commonwealth of) Public School Building Authority (Philadelphia School District), Series 2003, RB, (INS - AGI)(b) |
5.50% | 06/01/2028 | 35 | 37,376 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2013 A-2, RB |
5.00% | 12/01/2038 | 70 | 71,981 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2017 B-2, Ref. RB |
5.00% | 06/01/2028 | 15 | 15,503 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2018 A, RB |
5.00% | 12/01/2048 | 300 | 301,257 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2018 A-2, RB |
5.00% | 12/01/2043 | 210 | 211,962 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2018 A-2, RB |
5.00% | 12/01/2048 | 150 | 150,628 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2018 B, RB |
5.00% | 12/01/2039 | 40 | 40,797 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2018 B, RB |
5.00% | 12/01/2043 | 365 | 367,008 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2018 B, RB |
5.00% | 12/01/2048 | 5 | 5,026 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2019, Ref. RB |
5.00% | 12/01/2030 | 35 | 36,956 | ||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Subseries 2013 A-2, RB |
5.00% | 12/01/2033 | 140 | 146,863 | ||||||||
| Peters Township School District Washington County, Series 2018 C, GO Bonds |
5.00% | 09/01/2040 | 20 | 20,443 | ||||||||
| Philadelphia (City of), PA, Series 2018 A, RB |
5.00% | 10/01/2043 | 10 | 10,152 | ||||||||
| Philadelphia (City of), PA, Series 2018 A, RB |
5.00% | 10/01/2048 | 65 | 65,373 | ||||||||
| Philadelphia (City of), PA Authority for Industrial Development, Series 2019, Ref. RB |
5.00% | 10/01/2028 | 160 | 169,537 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Municipal Bond ETF (BSMS)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| Pennsylvania-(continued) |
||||||||||||
| State College Area School District, Series 2018, GO Bonds |
5.00% | 05/15/2044 | $ | 185 | $ | 188,153 | ||||||
| West Shore School District, Series 2020, GO Bonds |
4.00% | 11/15/2045 | 380 | 343,264 | ||||||||
|
|
|
|||||||||||
| 6,973,865 | ||||||||||||
|
|
|
|||||||||||
| South Carolina-0.90% |
||||||||||||
| Charleston Educational Excellence Finance Corp. (Charleston County School), Series 2023, Ref. RB |
5.00% | 12/01/2028 | 155 | 165,903 | ||||||||
| Columbia (City of), SC, Series 2018, RB(a)(c) |
5.00% | 02/01/2028 | 30 | 31,711 | ||||||||
| Florence (County of), SC, Series 2021, GO Bonds |
5.00% | 06/01/2028 | 75 | 79,644 | ||||||||
| Florence (County of), SC, Series 2023, RB |
5.00% | 06/01/2028 | 90 | 95,467 | ||||||||
| Greenville County School District, Series 2023, Ref. RB |
5.00% | 12/01/2028 | 60 | 64,220 | ||||||||
| Horry County School District, Series 2024, GO Bonds |
5.00% | 03/01/2028 | 20 | 21,174 | ||||||||
| South Carolina (State of) Jobs-Economic Development Authority (Prisma Health Obligated Group), Series 2018 A, Ref. RB |
5.00% | 05/01/2035 | 40 | 40,962 | ||||||||
| South Carolina (State of) Jobs-Economic Development Authority (Prisma Health Obligated Group), Series 2018 A, Ref. RB |
5.00% | 05/01/2043 | 250 | 248,952 | ||||||||
| South Carolina (State of) Jobs-Economic Development Authority (Prisma Health Obligated Group), Series 2018 A, Ref. RB |
5.00% | 05/01/2048 | 85 | 83,630 | ||||||||
| South Carolina (State of) Jobs-Economic Development Authority (Prisma Health Obligated Group), Series 2018, Ref. RB |
5.00% | 05/01/2032 | 110 | 113,740 | ||||||||
| South Carolina (State of) Jobs-Economic Development Authority (Prisma Health Obligated Group), Series 2018, Ref. RB |
5.00% | 05/01/2033 | 160 | 164,851 | ||||||||
| South Carolina (State of) Jobs-Economic Development Authority (Prisma Health Obligated Group), Series 2018, Ref. RB |
5.00% | 05/01/2034 | 50 | 51,372 | ||||||||
| South Carolina (State of) Jobs-Economic Development Authority (Prisma Health Obligated Group), Series 2018, Ref. RB |
5.00% | 05/01/2038 | 225 | 227,911 | ||||||||
| South Carolina (State of) Public Service Authority, Series 2025 B, Ref. RB |
5.00% | 12/01/2028 | 5 | 5,321 | ||||||||
| South Carolina (State of) Transportation Infrastructure Bank, Series 2019 A, RB |
5.00% | 10/01/2032 | 30 | 31,668 | ||||||||
| South Carolina (State of) Transportation Infrastructure Bank, Series 2021 B, Ref. RB |
5.00% | 10/01/2028 | 120 | 128,212 | ||||||||
| Spartanburg (City of), SC Regional Health Services District, Series 2017 A, Ref. RB |
5.00% | 04/15/2048 | 100 | 97,231 | ||||||||
|
|
|
|||||||||||
| 1,651,969 | ||||||||||||
|
|
|
|||||||||||
| Tennessee-0.87% |
||||||||||||
| Greeneville (Town of), TN Health & Educational Facilities Board (Ballad Health Obligated Group), Series 2018 A, Ref. RB |
5.00% | 07/01/2035 | 160 | 163,587 | ||||||||
| Greeneville (Town of), TN Health & Educational Facilities Board (Ballad Health Obligated Group), Series 2018 A, Ref. RB |
5.00% | 07/01/2037 | 150 | 152,369 | ||||||||
| Greeneville (Town of), TN Health & Educational Facilities Board (Ballad Health Obligated Group), Series 2018 A, Ref. RB |
4.00% | 07/01/2040 | 80 | 72,429 | ||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2018, GO Bonds |
4.00% | 07/01/2028 | 65 | 67,139 | ||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2018, GO Bonds |
5.00% | 07/01/2030 | 145 | 153,164 | ||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2018, GO Bonds |
5.00% | 07/01/2031 | 85 | 89,654 | ||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2018, GO Bonds |
5.00% | 07/01/2032 | 80 | 84,189 | ||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2018, GO Bonds |
4.00% | 07/01/2033 | 50 | 50,237 | ||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2018, GO Bonds |
4.00% | 07/01/2035 | 115 | 115,082 | ||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2018, GO Bonds |
4.00% | 07/01/2036 | 195 | 195,083 | ||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2018, GO Bonds |
4.00% | 07/01/2037 | 150 | 148,529 | ||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2021 C, GO Bonds |
5.00% | 01/01/2028 | 60 | 63,260 | ||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2024 B, Ref. RB |
5.00% | 05/15/2028 | 15 | 15,942 | ||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government Health & Educational Facilities Board (The) (Vanderbilt University Medical Center), Series 2023, RB |
5.00% | 07/01/2028 | 225 | 236,208 | ||||||||
|
|
|
|||||||||||
| 1,606,872 | ||||||||||||
|
|
|
|||||||||||
| Texas-8.44% |
||||||||||||
| Alamo Community College District, Series 2022, GO Notes |
5.00% | 02/15/2028 | 55 | 57,959 | ||||||||
| Alvin Independent School District, Series 2019, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
3.38% | 02/15/2040 | 15 | 13,133 | ||||||||
| Arlington (City of), TX, Series 2018 A, RB, (INS - AGI)(b) |
5.00% | 02/15/2043 | 15 | 15,108 | ||||||||
| Austin (City of), TX, Series 2022, Ref. RB |
5.00% | 11/15/2028 | 55 | 58,826 | ||||||||
| Austin (City of), TX, Series 2022, Ref. RB |
5.00% | 11/15/2028 | 60 | 64,174 | ||||||||
| Austin (City of), TX, Series 2023, Ref. RB |
5.00% | 11/15/2028 | 10 | 10,672 | ||||||||
| Austin Independent School District, Series 2019, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/01/2032 | 5 | 5,267 | ||||||||
| Austin Independent School District, Series 2019, GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 08/01/2033 | 210 | 213,400 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Municipal Bond ETF (BSMS)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| Texas-(continued) |
||||||||||||
| Austin Independent School District, Series 2019, GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 08/01/2034 | $ | 45 | $ | 45,490 | ||||||
| Austin Independent School District, Series 2019, GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 08/01/2035 | 100 | 100,690 | ||||||||
| Austin Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/01/2028 | 5 | 5,313 | ||||||||
| Bexar (County of), TX, Series 2019, Ref. GO Bonds |
4.00% | 06/15/2037 | 20 | 19,648 | ||||||||
| Bexar (County of), TX, Series 2019, Ref. GO Bonds |
4.00% | 06/15/2038 | 155 | 148,543 | ||||||||
| Bexar (County of), TX Hospital District, Series 2022, Ctfs. of Obligations |
5.00% | 02/15/2047 | 100 | 100,447 | ||||||||
| Board of Regents of Stephen F. Austin State University, Series 2019 A, RB |
5.00% | 10/15/2042 | 145 | 147,267 | ||||||||
| Board of Regents of the University of Texas System, Series 2020 C, Ref. RB |
5.00% | 08/15/2028 | 30 | 31,976 | ||||||||
| Board of Regents of the University of Texas System, Series 2021 A, Ref. RB |
5.00% | 08/15/2028 | 55 | 58,622 | ||||||||
| Board of Regents of the University of Texas System, Series 2024 A, Ref. RB |
5.00% | 08/15/2028 | 415 | 442,328 | ||||||||
| Comal Independent School District, Series 2024, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2028 | 25 | 26,412 | ||||||||
| Conroe Independent School District, Series 2020 A, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2028 | 25 | 26,432 | ||||||||
| Conroe Independent School District, Series 2024, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2028 | 5 | 5,286 | ||||||||
| Corpus Christi (Port of) and Nueces (County of), TX, Series 2018 A, RB |
5.00% | 12/01/2048 | 145 | 145,330 | ||||||||
| Corpus Christi Independent School District, Series 2019, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 08/15/2031 | 65 | 66,066 | ||||||||
| Corpus Christi Independent School District, Series 2019, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 08/15/2032 | 115 | 116,673 | ||||||||
| Dallas & Fort Worth (Cities of), TX, Series 2020 A, Ref. RB |
5.00% | 11/01/2028 | 30 | 32,027 | ||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2020, Ref. RB |
5.00% | 11/01/2028 | 25 | 26,689 | ||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2023 B, Ref. RB |
5.00% | 11/01/2028 | 20 | 21,351 | ||||||||
| Dallas (City of), TX, Series 2023 A, Ref. GO Bonds |
5.00% | 02/15/2028 | 60 | 63,276 | ||||||||
| Dallas (City of), TX, Series 2024 B, Ctfs. of Obligations |
5.00% | 02/15/2028 | 5 | 5,273 | ||||||||
| Dallas (City of), TX Area Rapid Transit, Series 2007, Ref. RB, (INS - AMBAC)(b) |
5.25% | 12/01/2028 | 55 | 59,247 | ||||||||
| Dallas (City of), TX Area Rapid Transit, Series 2019, Ref. RB |
5.00% | 12/01/2028 | 45 | 48,103 | ||||||||
| Dallas (City of), TX Independent School District, Series 2021 A, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2028 | 20 | 21,161 | ||||||||
| Dallas (County of), TX Hospital District, Series 2019, Ref. GO Bonds |
5.00% | 08/15/2030 | 205 | 216,136 | ||||||||
| Dallas (County of), TX Hospital District, Series 2019, Ref. GO Bonds |
4.00% | 08/15/2034 | 80 | 80,191 | ||||||||
| Dallas (County of), TX Utility & Reclamation District, Series 2016, Ref. GO Bonds |
5.00% | 02/15/2028 | 20 | 20,938 | ||||||||
| Dallas College, Series 2022, GO Bonds |
5.00% | 02/15/2028 | 100 | 105,352 | ||||||||
| Denton Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2028 | 15 | 15,974 | ||||||||
| El Paso Independent School District, Series 2019, GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 08/15/2034 | 50 | 50,411 | ||||||||
| El Paso Independent School District, Series 2019, GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 08/15/2035 | 10 | 10,048 | ||||||||
| El Paso Independent School District, Series 2019, GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 08/15/2036 | 45 | 45,045 | ||||||||
| El Paso Independent School District, Series 2019, GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 08/15/2037 | 20 | 19,770 | ||||||||
| El Paso Independent School District, Series 2019, GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 08/15/2038 | 255 | 249,314 | ||||||||
| Fort Bend Independent School District, Series 2018, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2028 | 40 | 41,693 | ||||||||
| Fort Bend Independent School District, Series 2019 B, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2031 | 35 | 36,676 | ||||||||
| Fort Bend Independent School District, Series 2019 B, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 02/15/2032 | 30 | 30,484 | ||||||||
| Fort Bend Independent School District, Series 2019 B, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 02/15/2033 | 115 | 116,522 | ||||||||
| Fort Bend Independent School District, Series 2019 B, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 02/15/2034 | 90 | 90,875 | ||||||||
| Grand Parkway Transportation Corp., Series 2018 A, RB |
5.00% | 10/01/2034 | 275 | 284,420 | ||||||||
| Grand Parkway Transportation Corp., Series 2018 A, RB |
5.00% | 10/01/2035 | 25 | 25,780 | ||||||||
| Grand Parkway Transportation Corp., Series 2018 A, RB |
5.00% | 10/01/2036 | 80 | 82,246 | ||||||||
| Grand Parkway Transportation Corp. (TELA Supported), Series 2018 A, RB |
5.00% | 10/01/2033 | 75 | 77,918 | ||||||||
| Grand Parkway Transportation Corp. (TELA Supported), Series 2018 A, RB |
5.00% | 10/01/2037 | 5 | 5,122 | ||||||||
| Grand Parkway Transportation Corp. (TELA Supported), Series 2018 A, RB |
5.00% | 10/01/2038 | 300 | 306,194 | ||||||||
| Grand Parkway Transportation Corp. (TELA Supported), Series 2018 A, RB |
5.00% | 10/01/2043 | 405 | 409,379 | ||||||||
| Grand Parkway Transportation Corp. (TELA Supported), Series 2018 A, RB |
5.00% | 10/01/2048 | 215 | 215,852 | ||||||||
| Harris (County of), TX, Series 2018 A, Ref. RB |
4.00% | 08/15/2036 | 5 | 5,005 | ||||||||
| Harris (County of), TX, Series 2018 A, Ref. RB |
4.00% | 08/15/2037 | 90 | 89,304 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Municipal Bond ETF (BSMS)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Texas-(continued) |
||||||||||||||||
| Harris (County of), TX, Series 2020 A, Ref. GO Bonds |
5.00% | 10/01/2028 | $ | 30 | $ | 32,033 | ||||||||||
| Harris (County of), TX Metropolitan Transit Authority, Series 2018, RB. |
5.00% | 11/01/2030 | 85 | 90,072 | ||||||||||||
| Harris (County of), TX Toll Road Authority (The), Series 2018 A, Ref. RB |
5.00% | 08/15/2031 | 510 | 532,986 | ||||||||||||
| Harris (County of), TX Toll Road Authority (The), Series 2018 A, Ref. RB |
5.00% | 08/15/2033 | 35 | 36,379 | ||||||||||||
| Harris (County of), TX Toll Road Authority (The), Series 2018 A, Ref. RB |
4.00% | 08/15/2038 | 215 | 209,993 | ||||||||||||
| Harris (County of), TX Toll Road Authority (The), Series 2018 A, Ref. RB |
5.00% | 08/15/2043 | 110 | 111,134 | ||||||||||||
| Harris (County of), TX Toll Road Authority (The), Series 2022 A, Ref. RB |
5.00% | 08/15/2028 | 505 | 537,776 | ||||||||||||
| Houston (City of), TX, Series 2018 B, Ref. RB |
5.00% | 07/01/2028 | 110 | 116,506 | ||||||||||||
| Houston (City of), TX, Series 2018 B, Ref. RB |
5.00% | 07/01/2030 | 40 | 41,856 | ||||||||||||
| Houston (City of), TX, Series 2018 D, Ref. RB |
5.00% | 07/01/2030 | 5 | 5,232 | ||||||||||||
| Houston (City of), TX, Series 2018 D, Ref. RB |
5.00% | 07/01/2031 | 5 | 5,224 | ||||||||||||
| Houston (City of), TX, Series 2018 D, Ref. RB |
5.00% | 11/15/2031 | 60 | 63,412 | ||||||||||||
| Houston (City of), TX, Series 2018 D, Ref. RB |
5.00% | 07/01/2033 | 10 | 10,397 | ||||||||||||
| Houston (City of), TX, Series 2018 D, Ref. RB |
5.00% | 07/01/2034 | 55 | 57,031 | ||||||||||||
| Houston (City of), TX, Series 2018 D, Ref. RB |
5.00% | 07/01/2035 | 215 | 222,274 | ||||||||||||
| Houston (City of), TX, Series 2018 D, Ref. RB |
5.00% | 07/01/2037 | 15 | 15,276 | ||||||||||||
| Houston (City of), TX, Series 2018 D, Ref. RB |
5.00% | 07/01/2038 | 25 | 25,354 | ||||||||||||
| Houston (City of), TX, Series 2018 D, Ref. RB |
5.00% | 11/15/2043 | 220 | 223,165 | ||||||||||||
| Houston (City of), TX, Series 2019 A, Ref. GO Bonds |
5.00% | 03/01/2028 | 105 | 110,735 | ||||||||||||
| Houston (City of), TX, Series 2021 A, GO Bonds |
5.00% | 03/01/2028 | 20 | 21,092 | ||||||||||||
| Houston Independent School District, Series 2017, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2028 | 135 | 139,727 | ||||||||||||
| Hurst-Euless-Bedford Independent School District, Series 2017 A, Ref. GO Bonds |
5.00% | 08/15/2028 | 150 | 156,324 | ||||||||||||
| Katy Independent School District, Series 2018, GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 02/15/2048 | 25 | 22,453 | ||||||||||||
| Katy Independent School District, Series 2024, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2028 | 5 | 5,284 | ||||||||||||
| Lewisville Independent School District, Series 2016 A, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
3.00% | 08/15/2028 | 35 | 34,830 | ||||||||||||
| Lewisville Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2028 | 85 | 90,517 | ||||||||||||
| Little Elm Independent School District, Series 2018, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2046 | 35 | 35,230 | ||||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2018, Ref. RB |
5.00% | 05/15/2043 | 60 | 60,375 | ||||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2018, Ref. RB |
5.00% | 05/15/2048 | 180 | 178,526 | ||||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2019, Ref. RB |
5.00% | 05/15/2028 | 10 | 10,555 | ||||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2021, Ref. RB |
5.00% | 05/15/2028 | 25 | 26,388 | ||||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2023, Ref. RB, (INS - AGI)(b) |
5.00% | 05/15/2028 | 25 | 26,461 | ||||||||||||
| Nacogdoches Independent School District, Series 2019, GO Bonds, (CEP - Texas Permanent School Fund)(a)(c) |
5.00% | 02/15/2028 | 10 | 10,538 | ||||||||||||
| Nacogdoches Independent School District, Series 2019, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2049 | 90 | 90,148 | ||||||||||||
| North East Independent School District, Series 2015, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
2.95% | 08/01/2028 | 15 | 14,905 | ||||||||||||
| North Texas Municipal Water District, Series 2021 A, Ref. RB |
5.00% | 09/01/2028 | 100 | 106,440 | ||||||||||||
| North Texas Tollway Authority, Series 2017 A, Ref. RB |
5.00% | 01/01/2038 | 190 | 193,994 | ||||||||||||
| North Texas Tollway Authority, Series 2017 A, Ref. RB |
5.00% | 01/01/2039 | 45 | 45,773 | ||||||||||||
| North Texas Tollway Authority, Series 2017 A, Ref. RB |
5.00% | 01/01/2043 | 580 | 585,563 | ||||||||||||
| North Texas Tollway Authority, Series 2017 A, Ref. RB |
5.00% | 01/01/2048 | 235 | 236,998 | ||||||||||||
| North Texas Tollway Authority, Series 2018, Ref. RB |
5.00% | 01/01/2035 | 135 | 139,133 | ||||||||||||
| North Texas Tollway Authority, Series 2018, Ref. RB |
5.00% | 01/01/2036 | 145 | 149,289 | ||||||||||||
| North Texas Tollway Authority, Series 2018, Ref. RB |
4.00% | 01/01/2037 | 575 | 549,257 | ||||||||||||
| North Texas Tollway Authority, Series 2018, Ref. RB |
5.00% | 01/01/2048 | 50 | 50,268 | ||||||||||||
| North Texas Tollway Authority, Series 2019 B, Ref. RB |
5.00% | 01/01/2028 | 50 | 52,577 | ||||||||||||
| Pearland Independent School District, Series 2020, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2028 | 85 | 89,799 | ||||||||||||
| Pecos Barstow Toyah Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2035 | 600 | 620,091 | ||||||||||||
| Permanent University Fund - University of Texas System, Series 2007 B, Ref. RB |
5.25% | 07/01/2028 | 70 | 74,971 | ||||||||||||
| Permanent University Fund - University of Texas System, Series 2022 A, RB |
5.00% | 07/01/2028 | 35 | 37,229 | ||||||||||||
| Plano Independent School District, Series 2023, GO Bonds |
5.00% | 02/15/2028 | 85 | 89,640 | ||||||||||||
| Plano Independent School District, Series 2025, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2028 | 10 | 10,565 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Municipal Bond ETF (BSMS)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Texas-(continued) |
||||||||||||||||
| Round Rock Independent School District, Series 2019 A, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/01/2028 | $ | 75 | $ | 79,911 | ||||||||||
| San Antonio (City of), TX, Series 2015, Ref. RB |
3.13% | 02/01/2028 | 80 | 80,047 | ||||||||||||
| San Antonio (City of), TX, Series 2018, Ref. RB |
5.00% | 02/01/2028 | 110 | 115,983 | ||||||||||||
| San Antonio (City of), TX, Series 2019, Ref. GO Bonds |
5.00% | 08/01/2028 | 210 | 223,358 | ||||||||||||
| San Antonio (City of), TX, Series 2019, Ref. RB |
4.00% | 02/01/2028 | 5 | 5,139 | ||||||||||||
| San Antonio (City of), TX Water System, Series 2018 A, Ref. RB |
5.00% | 05/15/2048 | 190 | 191,912 | ||||||||||||
| Texas (State of), Series 2024, Ref. GO Bonds |
5.00% | 10/01/2028 | 55 | 58,764 | ||||||||||||
| Texas (State of) Transportation Commission, Series 2018, RB |
5.00% | 08/01/2028 | 105 | 109,489 | ||||||||||||
| Texas (State of) Water Development Board, Series 2018 A, RB |
5.00% | 10/15/2028 | 30 | 31,721 | ||||||||||||
| Texas (State of) Water Development Board, Series 2018 A, RB |
5.00% | 10/15/2029 | 150 | 158,322 | ||||||||||||
| Texas (State of) Water Development Board, Series 2018 A, RB |
5.00% | 10/15/2031 | 75 | 78,802 | ||||||||||||
| Texas (State of) Water Development Board, Series 2018 A, RB |
4.00% | 10/15/2033 | 20 | 20,186 | ||||||||||||
| Texas (State of) Water Development Board, Series 2018 A, RB |
4.00% | 10/15/2034 | 55 | 55,343 | ||||||||||||
| Texas (State of) Water Development Board, Series 2018 A, RB |
5.00% | 10/15/2043 | 450 | 455,744 | ||||||||||||
| Texas (State of) Water Development Board, Series 2018 A, RB |
4.00% | 04/15/2048 | 25 | 21,912 | ||||||||||||
| Texas (State of) Water Development Board, Series 2018 B, RB |
5.00% | 04/15/2030 | 280 | 297,772 | ||||||||||||
| Texas (State of) Water Development Board, Series 2018 B, RB |
5.00% | 10/15/2032 | 105 | 110,844 | ||||||||||||
| Texas (State of) Water Development Board, Series 2018 B, RB |
4.00% | 10/15/2034 | 80 | 80,582 | ||||||||||||
| Texas (State of) Water Development Board, Series 2018 B, RB |
4.00% | 10/15/2035 | 10 | 10,027 | ||||||||||||
| Texas (State of) Water Development Board, Series 2018 B, RB |
4.00% | 10/15/2036 | 1,050 | 1,046,592 | ||||||||||||
| Texas (State of) Water Development Board, Series 2018 B, RB |
4.00% | 10/15/2037 | 20 | 19,632 | ||||||||||||
| Texas (State of) Water Development Board, Series 2018 B, RB |
5.00% | 10/15/2038 | 85 | 87,397 | ||||||||||||
| Texas (State of) Water Development Board, Series 2018 B, RB |
5.00% | 04/15/2049 | 225 | 227,611 | ||||||||||||
| Texas (State of) Water Development Board, Series 2018, RB |
5.00% | 04/15/2031 | 270 | 286,328 | ||||||||||||
| Texas (State of) Water Development Board, Series 2020, RB |
5.00% | 08/01/2028 | 75 | 79,841 | ||||||||||||
| Texas (State of) Water Development Board, Series 2021, RB |
5.00% | 08/01/2028 | 70 | 74,518 | ||||||||||||
| Texas (State of) Water Development Board, Series 2023 A, RB |
5.00% | 10/15/2028 | 40 | 42,725 | ||||||||||||
| Texas A&M University, Series 2017 E, Ref. RB |
5.00% | 05/15/2028 | 10 | 10,363 | ||||||||||||
| Texas State University Board of Regents, Series 2017 A, Ref. RB |
5.00% | 03/15/2028 | 70 | 72,518 | ||||||||||||
| Tomball Independent School District, Series 2018, GO Bonds, (CEP - Texas Permanent School Fund)(a)(c) |
5.00% | 02/15/2028 | 65 | 68,325 | ||||||||||||
| Tomball Independent School District, Series 2018, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2041 | 35 | 35,558 | ||||||||||||
| Trinity River Authority, Series 2017, Ref. RB |
5.00% | 08/01/2028 | 25 | 25,973 | ||||||||||||
| Trinity River Authority, Series 2018, Ref. RB |
5.00% | 08/01/2036 | 15 | 15,546 | ||||||||||||
| Trinity River Authority, Series 2018, Ref. RB |
5.00% | 08/01/2037 | 25 | 25,803 | ||||||||||||
| Williamson (County of), TX, Series 2024, GO Bonds |
5.00% | 02/15/2028 | 35 | 36,883 | ||||||||||||
|
|
|
|||||||||||||||
| 15,576,084 | ||||||||||||||||
|
|
|
|||||||||||||||
| Utah-0.36% |
||||||||||||||||
| Intermountain Power Agency, Series 2022 A, Ref. RB |
5.00% | 07/01/2028 | 20 | 21,062 | ||||||||||||
| Nebo School District, Series 2023, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 07/01/2028 | 90 | 95,733 | ||||||||||||
| Salt Lake City (City of), UT, Series 2018 B, RB |
5.00% | 07/01/2048 | 20 | 19,888 | ||||||||||||
| University of Utah (The), Series 2018 A, RB |
5.00% | 08/01/2044 | 75 | 75,852 | ||||||||||||
| University of Utah (The) (Green Bonds), Series 2022 B, RB |
5.00% | 08/01/2028 | 70 | 74,649 | ||||||||||||
| Utah (State of), Series 2020 B, GO Bonds |
5.00% | 07/01/2028 | 90 | 96,007 | ||||||||||||
| Utah (State of), Series 2020, GO Bonds |
5.00% | 07/01/2028 | 25 | 26,669 | ||||||||||||
| Utah (State of) Transit Authority, Series 2016, Ref. RB |
3.00% | 12/15/2028 | 175 | 173,395 | ||||||||||||
| Utal (State of) State Building Ownership Authority (state Facilities Master Lease Program), Series 2024, Ref. RB |
5.00% | 05/15/2028 | 75 | 79,601 | ||||||||||||
|
|
|
|||||||||||||||
| 662,856 | ||||||||||||||||
|
|
|
|||||||||||||||
| Virginia-1.23% |
||||||||||||||||
| Fairfax (County of), VA, Series 2020 A, Ref. GO Bonds |
5.00% | 10/01/2028 | 10 | 10,714 | ||||||||||||
| Fairfax (County of), VA, Series 2023 A, GO Bonds |
4.00% | 10/01/2028 | 25 | 25,922 | ||||||||||||
| Fairfax (County of), VA Industrial Development Authority (Inova Health System), Series 2022, Ref. RB |
5.00% | 05/15/2028 | 40 | 42,337 | ||||||||||||
| Hampton (City of), VA Roads Transportation Accountability Commission, Series 2018 A, RB(a)(c) |
5.00% | 01/01/2028 | 85 | 89,597 | ||||||||||||
| Hampton (City of), VA Roads Transportation Accountability Commission, Series 2018 A, RB(a)(c) |
5.50% | 01/01/2028 | 205 | 218,621 | ||||||||||||
| Hampton (City of), VA Roads Transportation Accountability Commission, Series 2018 A, RB |
5.00% | 07/01/2042 | 10 | 10,145 | ||||||||||||
| Hampton (City of), VA Roads Transportation Accountability Commission, Series 2018, RB |
5.00% | 07/01/2048 | 280 | 282,331 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Municipal Bond ETF (BSMS)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Virginia-(continued) |
||||||||||||||||
| Richmond (City of), VA, Series 2017 D, Ref. GO Bonds |
5.00% | 03/01/2028 | $ | 45 | $ | 47,690 | ||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Centuity College and Equipment), Series 2021, RB |
5.00% | 02/01/2028 | 80 | 84,478 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and
Equipment Programs), |
5.00% | 02/01/2028 | 360 | 380,150 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and
Equipment Programs), |
5.00% | 02/01/2031 | 25 | 26,262 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and
Equipment Programs), |
5.00% | 02/01/2028 | 105 | 110,877 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and
Equipment Programs), |
5.00% | 02/01/2028 | 195 | 205,914 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and
Equipments Programs), |
5.00% | 02/01/2028 | 25 | 25,847 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and
Equipments Programs), |
5.00% | 02/01/2030 | 45 | 47,335 | ||||||||||||
| Virginia (Commonwealth of) Public Building Authority, Series 2017 A, Ref. RB |
5.00% | 08/01/2028 | 10 | 10,473 | ||||||||||||
| Virginia (Commonwealth of) Public Building Authority, Series 2020 B, Ref. RB |
5.00% | 08/01/2028 | 175 | 186,678 | ||||||||||||
| Virginia (Commonwealth of) Public Building Authority, Series 2021 A-1, RB |
5.00% | 08/01/2028 | 220 | 234,681 | ||||||||||||
| Virginia (Commonwealth of) Public Building Authority (Bidding Group 1), Series 2022 A, RB |
5.00% | 08/01/2028 | 5 | 5,334 | ||||||||||||
| Virginia (Commonwealth of) Transportation Board, Series 2017 A, Ref. RB |
5.00% | 05/15/2028 | 25 | 26,180 | ||||||||||||
| Virginia (Commonwealth of) Transportation Board (Garvee), Series 2017, Ref. RB |
5.00% | 03/15/2028 | 190 | 198,387 | ||||||||||||
|
|
|
|||||||||||||||
| 2,269,953 | ||||||||||||||||
|
|
|
|||||||||||||||
| Washington-3.45% |
||||||||||||||||
| Central Puget Sound Regional Transit Authority (Green Bonds), Series 2021 S-1, Ref. RB |
5.00% | 11/01/2028 | 245 | 262,705 | ||||||||||||
| Energy Northwest, Series 2018 A, Ref. RB |
5.00% | 07/01/2032 | 85 | 88,991 | ||||||||||||
| Energy Northwest, Series 2018 A, Ref. RB |
5.00% | 07/01/2033 | 60 | 62,649 | ||||||||||||
| Energy Northwest, Series 2018 A, Ref. RB |
5.00% | 07/01/2034 | 125 | 130,164 | ||||||||||||
| Energy Northwest, Series 2018 C, Ref. RB |
5.00% | 07/01/2030 | 90 | 94,672 | ||||||||||||
| Energy Northwest, Series 2018 C, Ref. RB |
5.00% | 07/01/2031 | 30 | 31,444 | ||||||||||||
| Energy Northwest, Series 2018 C, Ref. RB |
5.00% | 07/01/2032 | 55 | 57,582 | ||||||||||||
| Energy Northwest, Series 2018 C, Ref. RB |
5.00% | 07/01/2033 | 85 | 88,752 | ||||||||||||
| Energy Northwest, Series 2018 C, Ref. RB |
5.00% | 07/01/2034 | 80 | 83,305 | ||||||||||||
| Energy Northwest (No. 1), Series 2017 A, Ref. RB |
5.00% | 07/01/2028 | 130 | 135,227 | ||||||||||||
| Energy Northwest (No. 1), Series 2020 A, Ref. RB |
5.00% | 07/01/2028 | 215 | 229,153 | ||||||||||||
| Energy Northwest (No. 1), Series 2022 A, Ref. RB |
5.00% | 07/01/2028 | 190 | 202,507 | ||||||||||||
| Energy Northwest (No. 3), Series 2017 A, Ref. RB |
5.00% | 07/01/2028 | 105 | 109,330 | ||||||||||||
| Energy Northwest (No. 3), Series 2018, Ref. RB |
5.00% | 07/01/2028 | 175 | 186,520 | ||||||||||||
| Energy Northwest (No. 3), Series 2024 B, Ref. RB |
5.00% | 07/01/2028 | 70 | 74,608 | ||||||||||||
| Franklin County School District No. 1 Pasco, Series 2023, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 12/01/2028 | 110 | 114,177 | ||||||||||||
| King & Snohomish Counties School District No. 417 Northshore, Series 2018, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2035 | 25 | 25,767 | ||||||||||||
| King & Snohomish Counties School District No. 417 Northshore, Series 2018, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2036 | 120 | 123,246 | ||||||||||||
| King (County of), WA, Series 2021 A, GO Bonds |
5.00% | 01/01/2028 | 35 | 36,938 | ||||||||||||
| King County School District No. 412 Shoreline, Series 2018, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2031 | 70 | 73,431 | ||||||||||||
| King County School District No. 412 Shoreline, Series 2018, GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 12/01/2036 | 25 | 25,079 | ||||||||||||
| King County School District No. 412 Shoreline, Series 2018, GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 12/01/2037 | 160 | 159,985 | ||||||||||||
| King County School District No. 414 Lake Washington, Series 2020, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 12/01/2028 | 75 | 77,595 | ||||||||||||
| North Thurston Public Schools, Series 2024, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2028 | 100 | 106,931 | ||||||||||||
| Seattle (City of), WA, Series 2017 C, Ref. RB |
5.00% | 09/01/2028 | 50 | 52,184 | ||||||||||||
| Seattle (Port of), WA, Series 2022 A, Ref. RB |
5.00% | 08/01/2028 | 180 | 191,505 | ||||||||||||
| Snohomish County School District No. 201 Snohomish, Series 2020, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2028 | 200 | 214,758 | ||||||||||||
| Washington (State of), Series 2017 D, GO Bonds |
5.00% | 02/01/2028 | 10 | 10,327 | ||||||||||||
| Washington (State of), Series 2017 R, Ref. GO Bonds |
5.00% | 08/01/2028 | 170 | 176,971 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Municipal Bond ETF (BSMS)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Washington-(continued) |
||||||||||||||||
| Washington (State of), Series 2018 A, GO Bonds |
5.00% | 08/01/2032 | $ | 30 | $ | 31,473 | ||||||||||
| Washington (State of), Series 2018 A, GO Bonds |
5.00% | 08/01/2033 | 80 | 83,722 | ||||||||||||
| Washington (State of), Series 2018 A, GO Bonds |
5.00% | 08/01/2034 | 360 | 375,042 | ||||||||||||
| Washington (State of), Series 2018 A, GO Bonds |
5.00% | 08/01/2035 | 130 | 135,015 | ||||||||||||
| Washington (State of), Series 2018 A, GO Bonds |
5.00% | 08/01/2036 | 65 | 67,287 | ||||||||||||
| Washington (State of), Series 2018 A, GO Bonds |
5.00% | 08/01/2037 | 45 | 46,418 | ||||||||||||
| Washington (State of), Series 2018 A, GO Bonds |
5.00% | 08/01/2039 | 165 | 168,521 | ||||||||||||
| Washington (State of), Series 2018 A, GO Bonds |
5.00% | 08/01/2042 | 50 | 50,764 | ||||||||||||
| Washington (State of), Series 2018 C, GO Bonds |
5.00% | 02/01/2030 | 50 | 52,396 | ||||||||||||
| Washington (State of), Series 2018 C, GO Bonds |
5.00% | 02/01/2031 | 85 | 88,984 | ||||||||||||
| Washington (State of), Series 2018 C, GO Bonds |
5.00% | 02/01/2032 | 95 | 99,304 | ||||||||||||
| Washington (State of), Series 2018 C, GO Bonds |
5.00% | 02/01/2033 | 60 | 62,656 | ||||||||||||
| Washington (State of), Series 2018 C, GO Bonds |
5.00% | 02/01/2034 | 15 | 15,613 | ||||||||||||
| Washington (State of), Series 2018 C, GO Bonds |
5.00% | 02/01/2035 | 50 | 51,928 | ||||||||||||
| Washington (State of), Series 2018 C, GO Bonds |
5.00% | 02/01/2036 | 60 | 62,190 | ||||||||||||
| Washington (State of), Series 2018 C, GO Bonds |
5.00% | 02/01/2038 | 125 | 129,015 | ||||||||||||
| Washington (State of), Series 2018 C, GO Bonds |
5.00% | 02/01/2039 | 95 | 97,736 | ||||||||||||
| Washington (State of), Series 2018 C, GO Bonds |
5.00% | 02/01/2040 | 50 | 51,274 | ||||||||||||
| Washington (State of), Series 2018 C, GO Bonds |
5.00% | 02/01/2041 | 190 | 194,503 | ||||||||||||
| Washington (State of), Series 2018 C, GO Bonds |
5.00% | 02/01/2042 | 5 | 5,107 | ||||||||||||
| Washington (State of), Series 2019 A, GO Bonds |
5.00% | 08/01/2028 | 80 | 85,414 | ||||||||||||
| Washington (State of), Series 2020 C, Ref. GO Bonds |
5.00% | 02/01/2028 | 160 | 169,251 | ||||||||||||
| Washington (State of), Series 2021 A, Ref. GO Bonds |
5.00% | 06/01/2028 | 20 | 21,286 | ||||||||||||
| Washington (State of), Series 2023 R, Ref. GO Bonds |
5.00% | 08/01/2028 | 25 | 26,692 | ||||||||||||
| Washington (State of), Series R-2018D, Ref. GO Bonds |
5.00% | 08/01/2028 | 100 | 104,100 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2020 A, GO Bonds |
5.00% | 08/01/2028 | 75 | 80,075 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2021 A, GO Bonds |
5.00% | 08/01/2028 | 30 | 32,030 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2022 C, GO Bonds |
5.00% | 02/01/2028 | 15 | 15,867 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2023 B, GO Bonds |
5.00% | 02/01/2028 | 235 | 248,588 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2024 A, GO Bonds |
5.00% | 08/01/2028 | 5 | 5,338 | ||||||||||||
| Washington (State of) (Bid Group 2), Series 2022 C, Ref. GO Bonds |
4.00% | 07/01/2028 | 50 | 51,675 | ||||||||||||
| Washington (State of) (Bid Group 2), Series R-2022D, GO Bonds |
4.00% | 07/01/2028 | 15 | 15,502 | ||||||||||||
| Washington (State of) Health Care Facilities Authority (Providence St. Joseph Health), Series 2018 B, Ref. RB |
5.00% | 10/01/2031 | 130 | 133,598 | ||||||||||||
| Washington (State of) Health Care Facilities Authority (Providence St. Joseph Health), Series 2018, Ref. RB |
5.00% | 10/01/2032 | 20 | 20,493 | ||||||||||||
| Washington (State of) Health Care Facilities Authority (Providence St. Joseph Health), Series 2018, Ref. RB |
5.00% | 10/01/2033 | 140 | 143,521 | ||||||||||||
| Whatcom (County of), WA Bellingham School District No. 501, Series 2018, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2036 | 110 | 113,438 | ||||||||||||
|
|
|
|||||||||||||||
| 6,362,319 | ||||||||||||||||
|
|
|
|||||||||||||||
| West Virginia-0.65% |
||||||||||||||||
| Morgantown Utility Board, Inc., Series 2018 B, RB |
5.00% | 12/01/2043 | 5 | 5,045 | ||||||||||||
| West Virginia (State of), Series 2018 B, GO Bonds |
5.00% | 06/01/2031 | 55 | 57,913 | ||||||||||||
| West Virginia (State of), Series 2018 B, GO Bonds |
5.00% | 06/01/2032 | 100 | 104,893 | ||||||||||||
| West Virginia (State of), Series 2018 B, GO Bonds |
5.00% | 12/01/2032 | 10 | 10,474 | ||||||||||||
| West Virginia (State of), Series 2018 B, GO Bonds |
5.00% | 06/01/2033 | 50 | 52,295 | ||||||||||||
| West Virginia (State of), Series 2018 B, GO Bonds |
5.00% | 12/01/2033 | 10 | 10,447 | ||||||||||||
| West Virginia (State of), Series 2018 B, GO Bonds |
5.00% | 06/01/2034 | 75 | 78,217 | ||||||||||||
| West Virginia (State of), Series 2018 B, GO Bonds |
5.00% | 12/01/2034 | 140 | 145,753 | ||||||||||||
| West Virginia (State of), Series 2018 B, GO Bonds |
5.00% | 06/01/2035 | 35 | 36,375 | ||||||||||||
| West Virginia (State of), Series 2018 B, GO Bonds |
5.00% | 06/01/2036 | 65 | 67,331 | ||||||||||||
| West Virginia (State of), Series 2018 B, GO Bonds |
5.00% | 12/01/2036 | 20 | 20,684 | ||||||||||||
| West Virginia (State of), Series 2018 B, GO Bonds |
5.00% | 12/01/2038 | 5 | 5,127 | ||||||||||||
| West Virginia (State of) (Bidding Group 2), Series 2018 B, GO Bonds |
5.00% | 06/01/2037 | 160 | 165,066 | ||||||||||||
| West Virginia (State of) (Bidding Group 2), Series 2018 B, GO Bonds |
5.00% | 12/01/2039 | 55 | 56,189 | ||||||||||||
| West Virginia (State of) (Bidding Group 2), Series 2018 B, GO Bonds |
5.00% | 12/01/2040 | 150 | 152,821 | ||||||||||||
| West Virginia (State of) (Bidding Group 2), Series 2018 B, GO Bonds |
5.00% | 12/01/2041 | 35 | 35,542 | ||||||||||||
| West Virginia (State of) Commissioner of Highways (Surface Transportation), Series 2017 A, RB |
5.00% | 09/01/2028 | 60 | 62,455 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2028 Municipal Bond ETF (BSMS)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| West Virginia-(continued) |
||||||||||||||||
| West Virginia (State of) Hospital Finance Authority (West Virginia University Health System Obligated Group), Series 2018 A, RB |
5.00% | 06/01/2052 | $ | 105 | $ | 101,991 | ||||||||||
| West Virginia (State of) Parkways Authority, Series 2018, RB |
5.00% | 06/01/2043 | 40 | 40,428 | ||||||||||||
|
|
|
|||||||||||||||
| 1,209,046 | ||||||||||||||||
|
|
|
|||||||||||||||
| Wisconsin-0.56% |
||||||||||||||||
| University of Wisconsin Hospitals & Clinics, Series 2018 A, Ref. RB |
5.00% | 04/01/2043 | 65 | 65,550 | ||||||||||||
| Wisconsin (State of), Series 2020 A, GO Bonds |
4.00% | 05/01/2040 | 100 | 95,996 | ||||||||||||
| Wisconsin (State of), Series 2021-1, Ref. GO Bonds |
5.00% | 05/01/2028 | 60 | 63,687 | ||||||||||||
| Wisconsin (State of), Series 2021-2, Ref. GO Bonds |
5.00% | 05/01/2028 | 105 | 111,453 | ||||||||||||
| Wisconsin (State of), Series 2023, Ref. GO Bonds |
5.00% | 05/01/2028 | 35 | 37,151 | ||||||||||||
| Wisconsin (State of), Series 2024 C, GO Bonds |
5.00% | 05/01/2028 | 85 | 90,224 | ||||||||||||
| Wisconsin (State of), Series 2024, Ref. GO Bonds |
5.00% | 05/01/2028 | 155 | 164,525 | ||||||||||||
| Wisconsin (State of), Series 2025, Ref. GO Bonds |
5.00% | 05/01/2028 | 10 | 10,615 | ||||||||||||
| Wisconsin (State of) Department of Transportation, Series 2017 1, Ref. RB |
5.00% | 07/01/2028 | 235 | 244,901 | ||||||||||||
| Wisconsin (State of) Department of Transportation, Series 2017-2, Ref. RB |
5.00% | 07/01/2028 | 15 | 15,632 | ||||||||||||
| Wisconsin (State of) Health & Educational Facilities Authority (Ascension Senior Credit Group), Series 2019, Ref. RB |
5.00% | 11/15/2028 | 50 | 53,140 | ||||||||||||
| Wisconsin (State of) Health & Educational Facilities Authority (Milwaukee Regional Medical Center), Series 2018, Ref. RB |
4.00% | 04/01/2039 | 80 | 76,248 | ||||||||||||
|
|
|
|||||||||||||||
| 1,029,122 | ||||||||||||||||
|
|
|
|||||||||||||||
| TOTAL INVESTMENTS IN
SECURITIES(d)-98.31% |
181,409,179 | |||||||||||||||
| OTHER ASSETS LESS LIABILITIES-1.69% |
3,121,566 | |||||||||||||||
|
|
|
|||||||||||||||
| NET ASSETS-100.00% |
$ | 184,530,745 | ||||||||||||||
|
|
|
|||||||||||||||
| Investment Abbreviations: | ||
| AGI | -Assured Guaranty, Inc. | |
| AMBAC | -American Municipal Bond Assurance Corp. | |
| BAM | -Build America Mutual Assurance Co. | |
| CEP | -Credit Enhancement Provider | |
| COP | -Certificates of Participation | |
| Ctfs. | -Certificates | |
| GO | -General Obligation | |
| INS | -Insurer | |
| NATL | -National Public Finance Guarantee Corp. | |
| NCCD | -National Campus and Community Development | |
| RB | -Revenue Bonds | |
| Ref. | -Refunding | |
| RN | -Revenue Notes | |
| Wts. | -Warrants | |
Notes to Schedule of Investments:
| (a) | Advance refunded; secured by an escrow fund of U.S. Government obligations or other highly rated collateral. |
| (b) | Principal and/or interest payments are secured by the bond insurance company listed. |
| (c) | Security has an irrevocable call by the issuer or mandatory put by the holder. Maturity date reflects such call or put. |
| (d) | Entities may either issue, guarantee, back or otherwise enhance the credit quality of a security. The entities are not primarily responsible for the issuer’s obligations but may be called upon to satisfy the issuer’s obligations. No concentration of any single entity was greater than 5% each. |
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments
Invesco BulletShares 2029 Municipal Bond ETF (BSMT)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| Municipal Obligations-98.49% |
||||||||||||
| Alabama-0.37% |
||||||||||||
| Alabama (State of) Federal Aid Highway Finance Authority (Garvee), Series 2025 B, Ref. RB |
5.00% | 09/01/2029 | $ | 250 | $ | 270,843 | ||||||
| Alabama (State of) Public School & College Authority (Social Bonds), Series 2020 A, Ref. RB |
5.00% | 11/01/2029 | 215 | 233,771 | ||||||||
| Jefferson (County of), AL, Series 2024, Ref. RB |
5.00% | 10/01/2029 | 130 | 138,536 | ||||||||
| University of Alabama (The), Series 2019 A, Ref. RB |
4.00% | 07/01/2034 | 45 | 45,350 | ||||||||
| University of Alabama (The), Series 2019 A, Ref. RB |
4.00% | 07/01/2035 | 25 | 25,023 | ||||||||
|
|
|
|||||||||||
| 713,523 | ||||||||||||
|
|
|
|||||||||||
| Alaska-0.11% |
||||||||||||
| Alaska (State of), Series 2024 A, Ref. GO Bonds |
5.00% | 08/01/2029 | 25 | 27,001 | ||||||||
| North Slope (Borough of), AK, Series 2022 A, GO Bonds |
5.00% | 06/30/2029 | 165 | 177,982 | ||||||||
|
|
|
|||||||||||
| 204,983 | ||||||||||||
|
|
|
|||||||||||
| Arizona-1.10% |
||||||||||||
| Arizona (State of), Series 2019 A, Ref. COP(a) |
5.00% | 10/01/2029 | 170 | 184,398 | ||||||||
| Arizona (State of) Department of Transportation, Series 2023, RB |
5.00% | 07/01/2029 | 225 | 243,525 | ||||||||
| Arizona (State of) Industrial Development Authority (Equitable School Revolving Fund), Series 2024, RB |
5.00% | 11/01/2029 | 55 | 57,932 | ||||||||
| Arizona (State of) Industrial Development Authority (NCCU Properties LLC), Series 2019 A, RB, (INS - BAM)(b) |
5.00% | 06/01/2054 | 90 | 88,348 | ||||||||
| Maricopa (County of), AZ Industrial Development Authority (Banner Health Obligated Group), Series 2016, Ref. RB |
5.00% | 01/01/2029 | 250 | 266,090 | ||||||||
| Maricopa (County of), AZ Industrial Development Authority (Banner Health Obligated Group), Series 2024 D, Ref. RB |
5.00% | 12/01/2029 | 5 | 5,371 | ||||||||
| Maricopa (County of), AZ Special Health Care District, Series 2021 D, GO Bonds |
5.00% | 07/01/2029 | 50 | 53,361 | ||||||||
| Maricopa (County of), AZ Special Health Care District (Maricopa Integrated Health), Series 2018 C, GO Bonds |
5.00% | 07/01/2029 | 160 | 168,191 | ||||||||
| Mesa (City of), AZ, Series 2014, Ref. RB |
3.25% | 07/01/2029 | 25 | 24,891 | ||||||||
| Mesa (City of), AZ, Series 2019 A, RB |
5.00% | 07/01/2043 | 200 | 204,511 | ||||||||
| Phoenix Civic Improvement Corp., Series 2019 A, RB |
5.00% | 07/01/2039 | 15 | 15,336 | ||||||||
| Phoenix Civic Improvement Corp., Series 2019 A, RB |
5.00% | 07/01/2045 | 355 | 357,074 | ||||||||
| Phoenix Civic Improvement Corp., Series 2019 A, RB |
3.00% | 07/01/2049 | 25 | 17,626 | ||||||||
| Phoenix Civic Improvement Corp., Series 2019, RB |
5.00% | 07/01/2044 | 130 | 130,756 | ||||||||
| Phoenix Civic Improvement Corp., Series 2019, RB |
5.00% | 07/01/2049 | 10 | 9,937 | ||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2017, Ref. RB |
5.00% | 01/01/2029 | 135 | 141,988 | ||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2021 A, Ref. RB |
5.00% | 01/01/2029 | 140 | 150,387 | ||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2025 B, Ref. RB |
5.00% | 01/01/2029 | 5 | 5,371 | ||||||||
|
|
|
|||||||||||
| 2,125,093 | ||||||||||||
|
|
|
|||||||||||
| Arkansas-0.08% |
||||||||||||
| El Dorado Special School District No. 15, Series 2023 A, Ref. GO Bonds |
5.00% | 02/01/2050 | 150 | 150,213 | ||||||||
|
|
|
|||||||||||
| California-17.14% |
||||||||||||
| Bay Area Toll Authority, Series 2023 F-1, RB |
5.00% | 04/01/2029 | 15 | 16,297 | ||||||||
| Bay Area Toll Authority (San Francisco Bay Area), Series 2019 S-8, Ref. RB(a)(c) |
5.00% | 10/01/2029 | 85 | 93,105 | ||||||||
| Bay Area Toll Authority (San Francisco Bay Area), Series 2019 S-H, Ref. RB(a)(c) |
5.00% | 04/01/2029 | 125 | 135,476 | ||||||||
| Bay Area Toll Authority (San Francisco Bay Area), Series 2019 S-H, Ref. RB(a)(c) |
5.00% | 04/01/2029 | 45 | 48,771 | ||||||||
| California (State of), Series 2015 C, Ref. GO Bonds |
3.00% | 09/01/2029 | 100 | 98,941 | ||||||||
| California (State of), Series 2015, GO Bonds |
3.00% | 03/01/2029 | 15 | 14,875 | ||||||||
| California (State of), Series 2015, Ref. GO Bonds |
3.00% | 03/01/2029 | 250 | 247,917 | ||||||||
| California (State of), Series 2018, GO Bonds |
5.00% | 10/01/2029 | 125 | 133,134 | ||||||||
| California (State of), Series 2018, Ref. GO Bonds |
5.00% | 08/01/2029 | 10 | 10,623 | ||||||||
| California (State of), Series 2019, GO Bonds |
5.00% | 11/01/2029 | 725 | 789,238 | ||||||||
| California (State of), Series 2019, GO Bonds |
5.00% | 04/01/2031 | 700 | 750,108 | ||||||||
| California (State of), Series 2019, GO Bonds |
5.00% | 04/01/2032 | 220 | 234,900 | ||||||||
| California (State of), Series 2019, GO Bonds |
5.00% | 04/01/2033 | 35 | 37,225 | ||||||||
| California (State of), Series 2019, Ref. GO Bonds |
5.00% | 04/01/2029 | 1,030 | 1,111,250 | ||||||||
| California (State of), Series 2019, Ref. GO Bonds |
5.00% | 04/01/2029 | 25 | 26,972 | ||||||||
| California (State of), Series 2019, Ref. GO Bonds |
5.00% | 10/01/2029 | 75 | 81,511 | ||||||||
| California (State of), Series 2019, Ref. GO Bonds |
5.00% | 04/01/2031 | 45 | 48,221 | ||||||||
| California (State of), Series 2019, Ref. GO Bonds |
5.00% | 10/01/2031 | 835 | 900,880 | ||||||||
| California (State of), Series 2019, Ref. GO Bonds |
5.00% | 04/01/2032 | 35 | 37,370 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 Municipal Bond ETF (BSMT)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| California-(continued) |
||||||||||||||||
| California (State of), Series 2019, Ref. GO Bonds |
5.00% | 10/01/2032 | $ | 1,050 | $ | 1,127,838 | ||||||||||
| California (State of), Series 2019, Ref. GO Bonds |
5.00% | 04/01/2033 | 260 | 276,531 | ||||||||||||
| California (State of), Series 2019, Ref. GO Bonds |
4.00% | 10/01/2034 | 330 | 331,220 | ||||||||||||
| California (State of), Series 2019, Ref. GO Bonds |
5.00% | 04/01/2035 | 370 | 390,157 | ||||||||||||
| California (State of), Series 2019, Ref. GO Bonds |
4.00% | 10/01/2037 | 10 | 9,835 | ||||||||||||
| California (State of), Series 2019, Ref. GO Bonds |
5.00% | 04/01/2038 | 25 | 26,061 | ||||||||||||
| California (State of), Series 2019, Ref. GO Bonds |
4.00% | 10/01/2039 | 835 | 812,106 | ||||||||||||
| California (State of), Series 2019, Ref. GO Bonds |
5.00% | 10/01/2039 | 40 | 41,724 | ||||||||||||
| California (State of), Series 2020, GO Bonds |
5.00% | 03/01/2029 | 140 | 150,842 | ||||||||||||
| California (State of), Series 2020, GO Bonds |
5.00% | 11/01/2029 | 15 | 16,329 | ||||||||||||
| California (State of), Series 2020, Ref. GO Bonds |
5.00% | 11/01/2029 | 225 | 244,936 | ||||||||||||
| California (State of), Series 2021 C, Ref. GO Bonds |
5.00% | 10/01/2029 | 5 | 5,436 | ||||||||||||
| California (State of), Series 2021, GO Bonds |
5.00% | 10/01/2029 | 585 | 636,036 | ||||||||||||
| California (State of), Series 2021, Ref. GO Bonds |
5.00% | 09/01/2029 | 20 | 21,717 | ||||||||||||
| California (State of), Series 2021, Ref. GO Bonds |
5.00% | 10/01/2029 | 15 | 16,309 | ||||||||||||
| California (State of), Series 2021, Ref. GO Bonds |
5.00% | 12/01/2029 | 20 | 21,799 | ||||||||||||
| California (State of), Series 2022, GO Bonds |
5.00% | 04/01/2029 | 10 | 10,789 | ||||||||||||
| California (State of), Series 2022, Ref. GO Bonds |
4.00% | 09/01/2029 | 40 | 41,650 | ||||||||||||
| California (State of), Series 2023 A, Ref. GO Bonds |
5.00% | 09/01/2029 | 35 | 38,006 | ||||||||||||
| California (State of), Series 2023, Ref. GO Bonds |
5.00% | 09/01/2029 | 260 | 282,327 | ||||||||||||
| California (State of), Series 2023, Ref. GO Bonds |
5.00% | 10/01/2029 | 10 | 10,872 | ||||||||||||
| California (State of), Series 2024, Ref. GO Bonds |
5.00% | 08/01/2029 | 175 | 189,789 | ||||||||||||
| California (State of), Series 2024, Ref. GO Bonds |
5.00% | 08/01/2029 | 30 | 32,535 | ||||||||||||
| California (State of) (Bidding Group B), Series 2020 B, Ref. GO Bonds |
5.00% | 11/01/2029 | 370 | 402,784 | ||||||||||||
| California (State of) Department of Veterans Affairs (Veteran’s Farm & Home Purchase), Series 2020 A, RB |
2.45% | 12/01/2045 | 50 | 33,370 | ||||||||||||
| California (State of) Department of Water Resources, Series 2019 BA, RB |
5.00% | 12/01/2031 | 95 | 102,894 | ||||||||||||
| California (State of) Department of Water Resources, Series 2019 BA, RB |
5.00% | 12/01/2034 | 165 | 176,587 | ||||||||||||
| California (State of) Department of Water Resources (Central Valley), Series 2018, Ref. RB |
5.00% | 12/01/2029 | 80 | 86,048 | ||||||||||||
| California (State of) Department of Water Resources (Central Valley), Series 2019 BA, RB |
5.00% | 12/01/2029 | 20 | 21,796 | ||||||||||||
| California (State of) Department of Water Resources (Central Valley), Series 2019 BA, RB |
5.00% | 12/01/2030 | 60 | 65,230 | ||||||||||||
| California (State of) Department of Water Resources (Central Valley), Series 2019 BA, RB |
5.00% | 12/01/2032 | 25 | 26,963 | ||||||||||||
| California (State of) Department of Water Resources (Central Valley), Series 2019 BA, RB |
5.00% | 12/01/2033 | 65 | 69,815 | ||||||||||||
| California (State of) Department of Water Resources (Central Valley), Series 2020 BB, Ref. RB |
5.00% | 12/01/2029 | 275 | 302,668 | ||||||||||||
| California (State of) Department of Water Resources (Central Valley), Series 2021, RB |
5.00% | 12/01/2029 | 25 | 27,515 | ||||||||||||
| California (State of) Educational Facilities Authority (Stanford University), Series 2019 V-1, RB |
5.00% | 05/01/2029 | 260 | 283,707 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Marshall Medical Center),
Series 2020 A, Ref. RB, |
4.00% | 11/01/2040 | 45 | 43,479 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (Academy Motion Picture Arts & Sciences Obligated Group), Series 2020 B, Ref. RB |
5.00% | 11/01/2029 | 545 | 589,368 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (California Academy of Sciences) (Green Bonds), Series 2024, Ref. RB |
3.25% | 08/01/2029 | 90 | 89,975 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (California State Teachers’ Retirement System Headquarters Expansion) (Green Bonds), Series 2019, RB |
5.00% | 08/01/2044 | 500 | 508,206 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (California State Teachers’ Retirement System Headquarters Expansion) (Green Bonds), Series 2019, RB |
5.00% | 08/01/2049 | 135 | 136,569 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (Clean Water Revolving Fund) (Green Bonds), Series 2023, RB |
5.00% | 10/01/2029 | 60 | 65,902 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (Equitable School Revolving Fund) (Social Bonds), Series 2024, RB |
5.00% | 11/01/2029 | 5 | 5,285 | ||||||||||||
| California (State of) Municipal Finance Authority (Town and Country Manor),
Series 2019, Ref. RB, |
5.00% | 07/01/2049 | 230 | 234,867 | ||||||||||||
| California (State of) Public Works Board, Series 2021 A, Ref. RB |
5.00% | 02/01/2029 | 150 | 161,021 | ||||||||||||
| California (State of) Public Works Board, Series 2022 A, Ref. RB |
5.00% | 08/01/2029 | 70 | 75,715 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2019 C, RB |
5.00% | 11/01/2029 | 155 | 168,264 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2019 C, RB |
5.00% | 11/01/2032 | 30 | 32,139 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2019 C, RB |
5.00% | 11/01/2033 | 100 | 106,902 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2019 C, RB |
5.00% | 11/01/2034 | 240 | 255,568 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2019 C, RB |
5.00% | 11/01/2044 | 250 | 257,260 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2023, Ref. RB |
5.00% | 09/01/2029 | 50 | 54,148 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 Municipal Bond ETF (BSMT)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| California-(continued) |
||||||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2024, Ref. RB |
5.00% | 09/01/2029 | $ | 5 | $ | 5,415 | ||||||||||
| California State University, Series 2019 A, RB |
5.00% | 11/01/2039 | 535 | 554,990 | ||||||||||||
| California State University, Series 2019 A, RB |
5.00% | 11/01/2040 | 145 | 149,529 | ||||||||||||
| California State University, Series 2019 A, RB |
5.00% | 11/01/2049 | 100 | 101,278 | ||||||||||||
| East Bay Municipal Utility District (Green Bonds), Series 2019 A, RB |
5.00% | 06/01/2049 | 200 | 204,610 | ||||||||||||
| Etiwanda School District (Election of 2016), Series 2020 A, GO Bonds |
4.00% | 08/01/2049 | 100 | 90,830 | ||||||||||||
| Glendale Community College District, Series 2020 B, GO Bonds |
4.00% | 08/01/2050 | 90 | 80,034 | ||||||||||||
| Long Beach (City of), CA, Series 2019 A, RB |
7.15% | 05/15/2044 | 75 | 77,280 | ||||||||||||
| Los Angeles (City of), CA, Series 2022 C, Ref. RB |
5.00% | 06/01/2029 | 185 | 200,271 | ||||||||||||
| Los Angeles (City of), CA Department of Airports, Series 2018, Ref. RB |
5.00% | 05/15/2043 | 25 | 25,517 | ||||||||||||
| Los Angeles (City of), CA Department of Airports, Series 2020 A, Ref. RB |
5.00% | 05/15/2033 | 370 | 397,863 | ||||||||||||
| Los Angeles (City of), CA Department of Airports, Series 2020 A, Ref. RB |
5.00% | 05/15/2034 | 205 | 219,351 | ||||||||||||
| Los Angeles (City of), CA Department of Airports, Series 2020 A, Ref. RB |
5.00% | 05/15/2036 | 100 | 105,923 | ||||||||||||
| Los Angeles (City of), CA Department of Airports, Series 2020 B, Ref. RB |
5.00% | 05/15/2029 | 5 | 5,403 | ||||||||||||
| Los Angeles (City of), CA Department of Airports, Series 2020, Ref. RB |
5.00% | 05/15/2031 | 25 | 27,088 | ||||||||||||
| Los Angeles (City of), CA Department of Airports, Series 2020, Ref. RB |
5.00% | 05/15/2035 | 220 | 234,235 | ||||||||||||
| Los Angeles (City of), CA Department of Airports, Series 2020, Ref. RB |
5.00% | 05/15/2037 | 345 | 363,747 | ||||||||||||
| Los Angeles (City of), CA Department of Airports, Series 2020, Ref. RB |
5.00% | 05/15/2038 | 15 | 15,720 | ||||||||||||
| Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2020 A, Ref. RB |
5.00% | 05/15/2032 | 30 | 32,380 | ||||||||||||
| Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2020 A, Ref. RB |
5.00% | 05/15/2039 | 125 | 130,474 | ||||||||||||
| Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2020 A, Ref. RB |
5.00% | 05/15/2040 | 275 | 285,812 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2019 A, RB |
5.00% | 07/01/2030 | 15 | 15,663 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2019 A, RB |
5.00% | 07/01/2033 | 30 | 31,037 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2019 A, RB |
5.00% | 07/01/2036 | 555 | 567,484 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2019 A, RB |
5.00% | 07/01/2037 | 70 | 71,181 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2019 A, RB |
5.00% | 07/01/2039 | 230 | 232,686 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2019 A, RB |
5.00% | 07/01/2045 | 100 | 99,311 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2019 A, RB |
5.00% | 07/01/2049 | 100 | 98,275 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2019 A, RB |
5.25% | 07/01/2049 | 120 | 120,557 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2019 B, Ref. RB |
5.00% | 07/01/2030 | 40 | 41,769 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2019 B, Ref. RB |
5.00% | 07/01/2031 | 40 | 41,672 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2019 B, Ref. RB |
5.00% | 07/01/2032 | 305 | 316,715 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2019 B, Ref. RB |
5.00% | 07/01/2033 | 15 | 15,518 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2019 C, RB |
5.00% | 07/01/2042 | 45 | 45,093 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2019 D, Ref. RB |
5.00% | 07/01/2032 | 185 | 193,024 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2019 D, Ref. RB |
5.00% | 07/01/2037 | 80 | 81,522 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2019 D, Ref. RB |
5.00% | 07/01/2044 | 265 | 263,371 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2020 A, Ref. RB |
5.00% | 07/01/2029 | 70 | 73,964 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2020 B, Ref. RB |
4.00% | 07/01/2029 | 145 | 147,467 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2022 E, Ref. RB |
5.00% | 07/01/2029 | 65 | 68,681 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2023 A, Ref. RB |
5.00% | 07/01/2029 | 60 | 63,398 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2023 A, Ref. RB |
5.00% | 07/01/2029 | 15 | 15,849 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2024 A, Ref. RB |
5.00% | 07/01/2029 | 160 | 169,061 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2021 A, RB |
5.00% | 06/01/2029 | 90 | 98,105 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2024 A, Ref. RB |
5.00% | 06/01/2029 | 40 | 43,602 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2019 A, RB |
5.00% | 07/01/2029 | 45 | 48,079 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2020 A, RB |
5.00% | 06/01/2029 | 255 | 277,762 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Senior Bonds), Series 2023, Ref. RB |
5.00% | 07/01/2029 | 80 | 87,328 | ||||||||||||
| Los Angeles (County of), CA Public Works Financing Authority, Series 2019 E-1, RB |
5.00% | 12/01/2044 | 155 | 158,312 | ||||||||||||
| Los Angeles (County of), CA Public Works Financing Authority, Series 2019 E-1, RB |
5.00% | 12/01/2049 | 75 | 75,917 | ||||||||||||
| Los Angeles Community College District, Series 2024, GO Bonds |
5.00% | 08/01/2029 | 15 | 16,391 | ||||||||||||
| Los Angeles Community College District (Election of 2016), Series 2023 D, GO Bonds |
5.00% | 08/01/2029 | 65 | 70,760 | ||||||||||||
| Los Angeles Community College District (Election of 2016), Series 2024 E, GO Bonds |
5.00% | 08/01/2029 | 60 | 65,317 | ||||||||||||
| Los Angeles Unified School District, Series 2016 B, Ref. GO Bonds |
2.00% | 07/01/2029 | 45 | 42,021 | ||||||||||||
| Los Angeles Unified School District, Series 2019 A, Ref. GO Bonds |
5.00% | 07/01/2029 | 200 | 216,948 | ||||||||||||
| Los Angeles Unified School District, Series 2019 A, Ref. GO Bonds |
5.00% | 07/01/2032 | 145 | 155,823 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 Municipal Bond ETF (BSMT)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| California-(continued) |
||||||||||||||||
| Los Angeles Unified School District, Series 2019 A, Ref. GO Bonds |
4.00% | 07/01/2033 | $ | 150 | $ | 151,547 | ||||||||||
| Los Angeles Unified School District, Series 2020 C, GO Bonds |
5.00% | 07/01/2029 | 385 | 417,626 | ||||||||||||
| Los Angeles Unified School District, Series 2020 RYQ, GO Bonds |
5.00% | 07/01/2029 | 180 | 195,254 | ||||||||||||
| Los Angeles Unified School District, Series 2021 A, Ref. GO Bonds |
5.00% | 07/01/2029 | 95 | 103,051 | ||||||||||||
| Los Angeles Unified School District, Series 2024 A, Ref. GO Bonds |
5.00% | 07/01/2029 | 415 | 450,168 | ||||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2022 QRR, GO Bonds |
5.00% | 07/01/2029 | 160 | 173,559 | ||||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2023, COP(a) |
5.00% | 10/01/2029 | 15 | 16,302 | ||||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2023, COP |
5.00% | 10/01/2029 | 15 | 16,302 | ||||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2023, GO Bonds |
5.00% | 07/01/2029 | 30 | 32,542 | ||||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2024 QRR, GO Bonds |
5.00% | 07/01/2029 | 30 | 32,542 | ||||||||||||
| Martinez Unified School District (Election of 2016), Series 2021, GO Bonds, (INS - AGI)(b) |
4.00% | 08/01/2051 | 25 | 22,476 | ||||||||||||
| Metropolitan Water District of Southern California, Series 2019 A, Ref. RB |
5.00% | 07/01/2029 | 285 | 312,728 | ||||||||||||
| Metropolitan Water District of Southern California, Series 2019 A, Ref. RB |
5.00% | 07/01/2030 | 50 | 54,024 | ||||||||||||
| Metropolitan Water District of Southern California, Series 2019 A, Ref. RB |
5.00% | 07/01/2031 | 75 | 80,898 | ||||||||||||
| Metropolitan Water District of Southern California, Series 2019 A, Ref. RB |
5.00% | 07/01/2034 | 165 | 176,184 | ||||||||||||
| Metropolitan Water District of Southern California, Series 2019 A, Ref. RB |
5.00% | 07/01/2037 | 70 | 73,881 | ||||||||||||
| Metropolitan Water District of Southern California, Series 2019 A, Ref. RB |
5.00% | 07/01/2039 | 250 | 261,643 | ||||||||||||
| Metropolitan Water District of Southern California, Series 2020 A, RB |
5.00% | 10/01/2045 | 160 | 165,429 | ||||||||||||
| Metropolitan Water District of Southern California, Series 2020 A, RB |
5.00% | 10/01/2049 | 115 | 118,257 | ||||||||||||
| Metropolitan Water District of Southern California, Series 2020 A, Ref. RB |
5.00% | 07/01/2029 | 115 | 126,189 | ||||||||||||
| Metropolitan Water District of Southern California, Series 2022 A, Ref. RB |
5.00% | 10/01/2029 | 45 | 49,426 | ||||||||||||
| Mt. San Antonio Community College District (Election of 2008), Series 2019 A, GO Bonds |
4.00% | 08/01/2049 | 150 | 136,937 | ||||||||||||
| Mt. San Antonio Community College District (Election of 2018), Series 2019 A, GO Bonds |
5.00% | 08/01/2044 | 115 | 118,562 | ||||||||||||
| North Orange County Community College District (Election of 2014), Series 2019 B, GO Bonds |
4.00% | 08/01/2044 | 30 | 27,920 | ||||||||||||
| Norwalk-La Mirada Unified School District, Series 2019 D, GO Bonds |
4.00% | 08/01/2048 | 100 | 88,977 | ||||||||||||
| Orange (County of), CA Local Transportation Authority, Series 2019, RB |
5.00% | 02/15/2032 | 55 | 59,366 | ||||||||||||
| Orange (County of), CA Local Transportation Authority, Series 2019, RB |
5.00% | 02/15/2033 | 25 | 26,903 | ||||||||||||
| Orange (County of), CA Local Transportation Authority, Series 2019, RB |
5.00% | 02/15/2034 | 85 | 91,241 | ||||||||||||
| Orange (County of), CA Local Transportation Authority, Series 2019, RB |
5.00% | 02/15/2035 | 20 | 21,380 | ||||||||||||
| Orange (County of), CA Local Transportation Authority, Series 2019, RB |
5.00% | 02/15/2036 | 150 | 159,768 | ||||||||||||
| Orange (County of), CA Local Transportation Authority, Series 2019, RB |
5.00% | 02/15/2037 | 65 | 68,965 | ||||||||||||
| Orange (County of), CA Local Transportation Authority, Series 2019, RB |
4.00% | 02/15/2038 | 20 | 20,000 | ||||||||||||
| Orange (County of), CA Local Transportation Authority, Series 2019, RB |
5.00% | 02/15/2039 | 200 | 210,368 | ||||||||||||
| Orange (County of), CA Local Transportation Authority, Series 2019, RB |
5.00% | 02/15/2041 | 5 | 5,217 | ||||||||||||
| Pasadena Unified School District (Election of 2020), Series 2023 C, GO Bonds |
5.00% | 08/01/2029 | 115 | 125,143 | ||||||||||||
| Pleasant Valley School District, Series 2021 B, GO Bonds |
4.00% | 08/01/2046 | 100 | 91,997 | ||||||||||||
| Rancho Santiago Community College District, Series 2005, GO Bonds, (INS - AGI)(b) |
5.13% | 09/01/2029 | 85 | 93,580 | ||||||||||||
| River Islands Public Financing Authority, Series 2022, Ref. RB, (INS - AGI)(b) |
5.00% | 09/01/2042 | 250 | 257,749 | ||||||||||||
| Riverside (City of), CA, Series 2019 A, Ref. RB |
5.00% | 10/01/2036 | 65 | 68,671 | ||||||||||||
| Riverside (City of), CA, Series 2019 A, Ref. RB |
5.00% | 10/01/2037 | 220 | 231,388 | ||||||||||||
| Riverside (City of), CA, Series 2019 A, Ref. RB |
5.00% | 10/01/2038 | 30 | 31,405 | ||||||||||||
| Riverside (City of), VA, Series 2019 A, Ref. RB |
5.00% | 10/01/2043 | 10 | 10,307 | ||||||||||||
| Sacramento (City of), CA Municipal Utility District (Green Bonds), Series 2019 G, RB |
5.00% | 08/15/2037 | 145 | 152,657 | ||||||||||||
| Sacramento (City of), CA Municipal Utility District (Green Bonds), Series 2019 G, RB |
5.00% | 08/15/2038 | 60 | 62,808 | ||||||||||||
| Sacramento (City of), CA Municipal Utility District (Green Bonds), Series 2019 G, RB |
5.00% | 08/15/2039 | 120 | 124,999 | ||||||||||||
| Sacramento (City of), CA Municipal Utility District (Green Bonds), Series 2019 G, RB |
5.00% | 08/15/2040 | 45 | 46,641 | ||||||||||||
| Sacramento (City of), CA Municipal Utility District (Green Bonds), Series 2024 N-1, Ref. RB |
5.00% | 11/15/2029 | 10 | 10,976 | ||||||||||||
| Sacramento (County of), CA Sanitation Districts Financing Authority, Series 2020 A, Ref. RB |
5.00% | 12/01/2029 | 105 | 115,705 | ||||||||||||
| Sacramento Transportation Authority (Measure A), Series 2023 A, Ref. RB |
5.00% | 10/01/2029 | 140 | 153,771 | ||||||||||||
| Salinas Union High School District, Series 2020 B, Ref. GO Bonds |
4.00% | 08/01/2045 | 120 | 111,396 | ||||||||||||
| Salinas Union High School District, Series 2020 B, Ref. GO Bonds |
4.00% | 08/01/2049 | 40 | 36,210 | ||||||||||||
| San Diego (County of), CA Regional Airport Authority, Series 2019 A, Ref. RB |
5.00% | 07/01/2032 | 25 | 26,836 | ||||||||||||
| San Diego (County of), CA Regional Airport Authority, Series 2019 A, Ref. RB |
5.00% | 07/01/2033 | 185 | 197,679 | ||||||||||||
| San Diego (County of), CA Regional Airport Authority, Series 2019 A, Ref. RB |
5.00% | 07/01/2035 | 65 | 68,792 | ||||||||||||
| San Diego (County of), CA Regional Airport Authority, Series 2019 A, Ref. RB |
5.00% | 07/01/2036 | 115 | 121,082 | ||||||||||||
| San Diego (County of), CA Regional Airport Authority, Series 2019 A, Ref. RB |
4.00% | 07/01/2037 | 15 | 15,037 | ||||||||||||
| San Diego (County of), CA Regional Airport Authority, Series 2019 A, Ref. RB |
4.00% | 07/01/2038 | 20 | 19,856 | ||||||||||||
| San Diego (County of), CA Regional Airport Authority, Series 2019 A, Ref. RB |
5.00% | 07/01/2039 | 120 | 124,651 | ||||||||||||
| San Diego (County of), CA Regional Airport Authority, Series 2019 A, Ref. RB |
5.00% | 07/01/2044 | 295 | 300,540 | ||||||||||||
| San Diego (County of), CA Regional Transportation Commission, Series 2023 A, Ref. RB |
5.00% | 04/01/2029 | 5 | 5,444 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 Municipal Bond ETF (BSMT)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| California-(continued) |
||||||||||||||||
| San Diego Unified School District (Election of 1998), Series 2025 A, GO Bonds |
5.00% | 07/01/2029 | $ | 15 | $ | 16,307 | ||||||||||
| San Diego Unified School District (Green Bonds), Series 2022 F-2, GO Bonds |
5.00% | 07/01/2029 | 130 | 141,331 | ||||||||||||
| San Francisco (City & County of), CA, Series 2020 R-1, Ref. GO Bonds |
5.00% | 06/15/2029 | 15 | 15,983 | ||||||||||||
| San Francisco (City & County of), CA, Series 2022 R-1, Ref. GO Bonds |
5.00% | 06/15/2029 | 65 | 70,796 | ||||||||||||
| San Francisco (City & County of), CA, Series 2024-R1, Ref. GO Bonds |
5.00% | 06/15/2029 | 145 | 157,930 | ||||||||||||
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2019 D, Ref. RB |
5.00% | 05/01/2037 | 275 | 288,612 | ||||||||||||
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2019 F, RB |
5.00% | 05/01/2050 | 190 | 191,806 | ||||||||||||
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2019, RB |
5.00% | 05/01/2049 | 105 | 106,090 | ||||||||||||
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2019, Ref. RB |
5.00% | 05/01/2029 | 5 | 5,400 | ||||||||||||
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2019, Ref. RB |
5.00% | 05/01/2031 | 10 | 10,741 | ||||||||||||
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2019, Ref. RB |
5.00% | 05/01/2032 | 10 | 10,712 | ||||||||||||
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2019, Ref. RB |
5.00% | 05/01/2033 | 90 | 96,087 | ||||||||||||
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2019, Ref. RB |
5.00% | 05/01/2035 | 15 | 15,869 | ||||||||||||
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2019, Ref. RB |
5.00% | 05/01/2036 | 40 | 42,153 | ||||||||||||
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2019, Ref. RB |
5.00% | 05/01/2038 | 200 | 208,790 | ||||||||||||
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2019, Ref. RB |
5.00% | 05/01/2039 | 260 | 270,432 | ||||||||||||
| San Francisco (City & County of), CA Public Utilities Commission, Series 2023 B, Ref. RB |
5.00% | 10/01/2029 | 65 | 71,226 | ||||||||||||
| San Francisco (City & County of), CA Public Utilities Commission (Green Bonds), Series 2023 A, RB |
5.00% | 10/01/2029 | 100 | 109,579 | ||||||||||||
| San Francisco Bay Area Rapid Transit District (Green Bonds), Series 2019, GO Bonds |
4.00% | 08/01/2044 | 250 | 233,736 | ||||||||||||
| San Francisco Bay Area Rapid Transit District (Green Bonds), Series 2020 C-1, GO Bonds |
4.00% | 08/01/2035 | 70 | 70,711 | ||||||||||||
| San Francisco Bay Area Rapid Transit District (Green Bonds), Series 2020 C-1, GO Bonds |
4.00% | 08/01/2045 | 100 | 92,976 | ||||||||||||
| San Jose (City of), CA, Series 2019 A-1, GO Bonds |
5.00% | 09/01/2047 | 35 | 35,927 | ||||||||||||
| San Jose (City of), CA, Series 2019 C, Ref. GO Bonds |
5.00% | 09/01/2029 | 40 | 43,482 | ||||||||||||
| San Jose (City of), CA, Series 2019 C, Ref. GO Bonds |
5.00% | 09/01/2030 | 235 | 254,498 | ||||||||||||
| San Jose (City of), CA, Series 2019 C, Ref. GO Bonds |
5.00% | 09/01/2031 | 85 | 91,749 | ||||||||||||
| San Jose (City of), CA, Series 2019 C, Ref. GO Bonds |
5.00% | 09/01/2032 | 15 | 16,129 | ||||||||||||
| San Jose (City of), CA, Series 2019 C, Ref. GO Bonds |
5.00% | 09/01/2033 | 90 | 96,396 | ||||||||||||
| San Jose (City of), CA, Series 2019 C, Ref. GO Bonds |
5.00% | 09/01/2034 | 5 | 5,336 | ||||||||||||
| San Mateo & Foster (Cities of), CA Public Financing Authority (Clean Water Program), Series 2019, RB |
5.00% | 08/01/2049 | 10 | 10,250 | ||||||||||||
| Santa Clara Valley Transportation Authority, Series 2023 A, Ref. RB |
5.00% | 04/01/2029 | 10 | 10,888 | ||||||||||||
| Southern California Public Power Authority, Series 2024 A, Ref. RB |
5.00% | 07/01/2029 | 20 | 21,140 | ||||||||||||
| Sweetwater Union High School District, Series 2024, Ref. GO Bonds |
5.00% | 08/01/2029 | 10 | 10,882 | ||||||||||||
| University of California, Series 2018 AZ, Ref. RB |
4.00% | 05/15/2029 | 30 | 30,970 | ||||||||||||
| University of California, Series 2022 S, Ref. RB |
5.00% | 05/15/2029 | 35 | 37,835 | ||||||||||||
| University of California, Series 2023 BM, Ref. RB |
5.00% | 05/15/2029 | 15 | 16,227 | ||||||||||||
| University of California, Series 2023 BN, Ref. RB |
5.00% | 05/15/2029 | 430 | 465,161 | ||||||||||||
| University of California, Series 2023 BQ, RB |
5.00% | 05/15/2029 | 685 | 741,012 | ||||||||||||
| University of California, Series 2024 BS, Ref. RB |
5.00% | 05/15/2029 | 110 | 118,995 | ||||||||||||
| University of California, Series 2024 BW, Ref. RB |
5.00% | 05/15/2029 | 365 | 394,846 | ||||||||||||
| University of California, Series 2024 BX, RB |
5.00% | 05/15/2029 | 130 | 140,630 | ||||||||||||
| University of California, Series 2025, Ref. RB |
5.00% | 05/15/2029 | 20 | 21,635 | ||||||||||||
| University of California (Limited), Series 2018 O, Ref. RB |
4.00% | 05/15/2029 | 135 | 139,288 | ||||||||||||
|
|
|
|||||||||||||||
| 32,974,611 | ||||||||||||||||
|
|
|
|||||||||||||||
| Colorado-3.18% |
||||||||||||||||
| Adams & Arapahoe Joint School District No. 28J Aurora, Series 2021 A, GO Bonds |
5.00% | 12/01/2029 | 90 | 97,859 | ||||||||||||
| Arapahoe County School District No. 5 Cherry Creek, Series 2020, Ref. GO Bonds |
5.00% | 12/15/2029 | 70 | 76,309 | ||||||||||||
| Colorado (State of), Series 2018 A, COP |
5.00% | 12/15/2029 | 30 | 31,722 | ||||||||||||
| Colorado (State of), Series 2020 A, COP |
5.00% | 12/15/2029 | 150 | 162,522 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 Municipal Bond ETF (BSMT)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| Colorado-(continued) |
||||||||||||
| Colorado (State of), Series 2021 A, COP |
5.00% | 12/15/2029 | $ | 45 | $ | 48,757 | ||||||
| Colorado (State of) Health Facilities Authority (Adventhealth Obligated Group), Series 2019 A, Ref. RB |
5.00% | 11/15/2037 | 50 | 52,332 | ||||||||
| Colorado (State of) Health Facilities Authority (Adventhealth Obligated Group), Series 2019 A, Ref. RB |
4.00% | 11/15/2038 | 295 | 284,446 | ||||||||
| Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2019 A-1, Ref. RB |
5.00% | 08/01/2029 | 75 | 79,700 | ||||||||
| Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2019 A-1, Ref. RB |
5.00% | 08/01/2031 | 100 | 105,452 | ||||||||
| Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2019 A-1, Ref. RB |
5.00% | 08/01/2032 | 70 | 73,616 | ||||||||
| Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2019 A-1, Ref. RB |
5.00% | 08/01/2033 | 60 | 62,901 | ||||||||
| Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2019 A-1, Ref. RB |
5.00% | 08/01/2034 | 50 | 52,247 | ||||||||
| Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2019 A-1, Ref. RB |
5.00% | 08/01/2035 | 60 | 62,359 | ||||||||
| Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2019 A-1, Ref. RB |
5.00% | 08/01/2036 | 70 | 72,041 | ||||||||
| Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2019 A-2, Ref. RB |
5.00% | 08/01/2029 | 255 | 270,877 | ||||||||
| Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2019 A-2, Ref. RB |
5.00% | 08/01/2031 | 65 | 68,544 | ||||||||
| Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2019 A-2, Ref. RB |
5.00% | 08/01/2032 | 170 | 178,782 | ||||||||
| Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2019 A-2, Ref. RB |
5.00% | 08/01/2033 | 125 | 131,044 | ||||||||
| Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2019 A-2, Ref. RB |
5.00% | 08/01/2034 | 255 | 266,457 | ||||||||
| Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2019 A-2, Ref. RB |
5.00% | 08/01/2035 | 65 | 67,555 | ||||||||
| Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2019 A-2, Ref. RB |
5.00% | 08/01/2036 | 260 | 267,583 | ||||||||
| Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2019 A-2, Ref. RB |
5.00% | 08/01/2037 | 95 | 97,149 | ||||||||
| Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2019 A-2, Ref. RB |
5.00% | 08/01/2038 | 60 | 60,980 | ||||||||
| Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2019 A-2, Ref. RB |
5.00% | 08/01/2039 | 135 | 136,737 | ||||||||
| Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2019 A-2, Ref. RB |
5.00% | 08/01/2044 | 320 | 315,281 | ||||||||
| Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2024 A, Ref. RB |
5.00% | 12/01/2029 | 95 | 101,232 | ||||||||
| Colorado (State of) Health Facilities Authority (Sanford Health), Series 2019 A, Ref. RB |
5.00% | 11/01/2031 | 50 | 52,859 | ||||||||
| Colorado (State of) Health Facilities Authority (Sanford Health), Series 2019 A, Ref. RB |
5.00% | 11/01/2032 | 175 | 183,700 | ||||||||
| Colorado (State of) Health Facilities Authority (Sanford Health), Series 2019 A, Ref. RB |
5.00% | 11/01/2033 | 200 | 209,248 | ||||||||
| Colorado (State of) Health Facilities Authority (Sanford Health), Series 2019 A, Ref. RB |
5.00% | 11/01/2034 | 190 | 198,062 | ||||||||
| Colorado (State of) Health Facilities Authority (Sanford Health), Series 2019 A, Ref. RB |
5.00% | 11/01/2039 | 80 | 81,523 | ||||||||
| Colorado (State of) Health Facilities Authority (Sanford Health), Series 2019 A, Ref. RB |
5.00% | 11/01/2044 | 35 | 34,497 | ||||||||
| Colorado (State of) Health Facilities Authority (SCL Health System), Series 2019 A, Ref. RB |
5.00% | 01/01/2029 | 200 | 213,082 | ||||||||
| Colorado (State of) Regional Transportation District (Fastracks), Series 2013 A, Ref. RB |
5.00% | 11/01/2029 | 320 | 348,215 | ||||||||
| Colorado (State of) Regional Transportation District (Green Bonds), Series 2021, Ref. RB |
5.00% | 11/01/2029 | 10 | 10,882 | ||||||||
| Colorado Springs (City of), CO, Series 2019 A, Ref. RB |
5.00% | 11/15/2029 | 260 | 283,541 | ||||||||
| Denver (City & County of), CO, Series 2020 B, Ref. GO Bonds |
5.00% | 08/01/2029 | 280 | 304,121 | ||||||||
| Denver (City & County of), CO, Series 2022 C, Ref. RB |
5.00% | 11/15/2029 | 10 | 10,844 | ||||||||
| Denver (City & County of), CO, Series 2023 A, Ref. RB |
5.00% | 11/15/2029 | 5 | 5,401 | ||||||||
| Denver (City & County of), CO (Wellington E. Webb Municipal Office Building), Series 2023, Ref. COP |
5.00% | 12/01/2029 | 90 | 97,661 | ||||||||
| Jefferson County School District R-1, Series 2018, GO Bonds |
5.00% | 12/15/2029 | 110 | 117,033 | ||||||||
| Metro Water Recovery, Series 2025 A, Ref. RB |
5.00% | 04/01/2029 | 50 | 53,906 | ||||||||
| Pueblo City Schools, Series 2020, GO Bonds |
5.00% | 12/15/2039 | 55 | 57,007 | ||||||||
| St. Vrain Valley School District Re-1J (Boulder, Larimer & Weld Counties and the City and County of Broomfield), Series 2024, GO Bonds |
5.00% | 12/15/2029 | 45 | 48,956 | ||||||||
| University of Colorado, Series 2017 A-2, Ref. RB |
5.00% | 06/01/2029 | 75 | 79,418 | ||||||||
| University of Colorado Hospital Authority, Series 2024 A, Ref. RB |
5.00% | 11/15/2029 | 195 | 210,874 | ||||||||
| Weld County School District No. 6 Greeley, Series 2020, GO Bonds |
5.00% | 12/01/2044 | 275 | 280,625 | ||||||||
| Weld County School District No. RE-2 Eaton, Series 2019, GO Bonds |
5.00% | 12/01/2044 | 5 | 5,090 | ||||||||
|
|
|
|||||||||||
| 6,111,029 | ||||||||||||
|
|
|
|||||||||||
| Connecticut-1.96% |
||||||||||||
| Connecticut (State of), Series 2015 F, GO Bonds |
3.25% | 11/15/2029 | 200 | 199,354 | ||||||||
| Connecticut (State of), Series 2018 E, GO Bonds |
5.00% | 09/15/2029 | 35 | 37,166 | ||||||||
| Connecticut (State of), Series 2019 A, GO Bonds |
5.00% | 04/15/2029 | 210 | 226,146 | ||||||||
| Connecticut (State of), Series 2019 A, GO Bonds |
5.00% | 04/15/2031 | 10 | 10,703 | ||||||||
| Connecticut (State of), Series 2019 A, GO Bonds |
5.00% | 04/15/2032 | 775 | 826,769 | ||||||||
| Connecticut (State of), Series 2019 A, GO Bonds |
5.00% | 04/15/2034 | 40 | 42,230 | ||||||||
| Connecticut (State of), Series 2019 A, GO Bonds |
5.00% | 04/15/2035 | 150 | 157,463 | ||||||||
| Connecticut (State of), Series 2019 A, GO Bonds |
5.00% | 04/15/2036 | 45 | 47,040 | ||||||||
| Connecticut (State of), Series 2019 A, GO Bonds |
5.00% | 04/15/2039 | 125 | 128,818 | ||||||||
| Connecticut (State of), Series 2019 B, Ref. GO Bonds |
5.00% | 02/15/2029 | 5 | 5,371 | ||||||||
| Connecticut (State of), Series 2020 A, GO Bonds |
5.00% | 01/15/2029 | 170 | 182,363 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 Municipal Bond ETF (BSMT)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| Connecticut-(continued) |
||||||||||||
| Connecticut (State of), Series 2020 A, RB |
5.00% | 05/01/2029 | $ | 90 | $ | 96,987 | ||||||
| Connecticut (State of), Series 2020 C, GO Bonds |
4.00% | 06/01/2029 | 255 | 264,415 | ||||||||
| Connecticut (State of), Series 2021 A, GO Bonds |
4.00% | 01/15/2029 | 25 | 25,860 | ||||||||
| Connecticut (State of), Series 2021 A, RB |
5.00% | 05/01/2029 | 185 | 199,361 | ||||||||
| Connecticut (State of), Series 2021 D, RB |
5.00% | 11/01/2029 | 5 | 5,428 | ||||||||
| Connecticut (State of), Series 2022 A, GO Bonds |
4.00% | 01/15/2029 | 105 | 108,612 | ||||||||
| Connecticut (State of), Series 2022 B, Ref. RB |
5.00% | 07/01/2029 | 130 | 140,443 | ||||||||
| Connecticut (State of), Series 2022 E, GO Bonds |
5.00% | 11/15/2029 | 85 | 92,325 | ||||||||
| Connecticut (State of), Series 2023 A, RB |
5.00% | 07/01/2029 | 50 | 54,016 | ||||||||
| Connecticut (State of), Series 2023 B, Ref. RB |
5.00% | 07/01/2029 | 60 | 64,820 | ||||||||
| Connecticut (State of), Series 2024 A, GO Bonds |
5.00% | 01/15/2029 | 100 | 107,273 | ||||||||
| Connecticut (State of), Series 2024 B, Ref. RB |
5.00% | 07/01/2029 | 5 | 5,402 | ||||||||
| Connecticut (State of), Series 2024 C, Ref. GO Bonds |
5.00% | 03/01/2029 | 40 | 42,994 | ||||||||
| Connecticut (State of), Series 2024 F, GO Bonds |
5.00% | 11/15/2029 | 110 | 119,480 | ||||||||
| Connecticut (State of) (Green Bonds), Series 2019 A, RB |
4.00% | 02/01/2038 | 65 | 65,462 | ||||||||
| Connecticut (State of) (Green Bonds), Series 2019 A, RB |
5.00% | 02/01/2039 | 20 | 20,760 | ||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2022 A, RB |
5.00% | 07/01/2029 | 60 | 64,820 | ||||||||
| Connecticut (State of) Health & Educational Facilities Authority, Series 1997, RB |
5.00% | 07/01/2029 | 125 | 135,041 | ||||||||
| Connecticut (State of) Health & Educational Facilities Authority (Yale University), Series 2017 B-1, Ref. RB |
5.00% | 07/01/2029 | 180 | 194,459 | ||||||||
| Hartford (City of), CT, Series 2023, Ref. RB |
5.00% | 04/01/2029 | 100 | 106,912 | ||||||||
|
|
|
|||||||||||
| 3,778,293 | ||||||||||||
|
|
|
|||||||||||
| Delaware-0.27% |
||||||||||||
| Delaware (State of), Series 2020 A, GO Bonds |
5.00% | 01/01/2029 | 25 | 26,917 | ||||||||
| Delaware (State of), Series 2022, Ref. GO Bonds |
5.00% | 03/01/2029 | 90 | 97,170 | ||||||||
| Delaware (State of), Series 2023 A, GO Bonds |
5.00% | 05/01/2029 | 150 | 162,396 | ||||||||
| Delaware (State of) Health Facilities Authority (Christiana Health Care Systems), Series 2020, Ref. RB |
5.00% | 10/01/2045 | 125 | 126,609 | ||||||||
| Delaware (State of) Transportation Authority, Series 2020, Ref. RB |
5.00% | 07/01/2029 | 105 | 113,771 | ||||||||
|
|
|
|||||||||||
| 526,863 | ||||||||||||
|
|
|
|||||||||||
| District of Columbia-2.45% |
||||||||||||
| District of Columbia, Series 2019 A, GO Bonds |
5.00% | 10/15/2029 | 75 | 80,542 | ||||||||
| District of Columbia, Series 2019 A, GO Bonds |
5.00% | 10/15/2030 | 510 | 544,095 | ||||||||
| District of Columbia, Series 2019 A, GO Bonds |
5.00% | 10/15/2031 | 120 | 127,764 | ||||||||
| District of Columbia, Series 2019 A, GO Bonds |
5.00% | 10/15/2032 | 205 | 217,542 | ||||||||
| District of Columbia, Series 2019 A, GO Bonds |
5.00% | 10/15/2033 | 85 | 89,871 | ||||||||
| District of Columbia, Series 2019 A, GO Bonds |
5.00% | 10/15/2034 | 25 | 26,348 | ||||||||
| District of Columbia, Series 2019 A, GO Bonds |
5.00% | 10/15/2035 | 95 | 99,726 | ||||||||
| District of Columbia, Series 2019 A, GO Bonds |
5.00% | 10/15/2037 | 40 | 41,484 | ||||||||
| District of Columbia, Series 2019 A, GO Bonds |
5.00% | 10/15/2038 | 15 | 15,455 | ||||||||
| District of Columbia, Series 2019 A, GO Bonds |
5.00% | 10/15/2040 | 140 | 143,216 | ||||||||
| District of Columbia, Series 2019 A, GO Bonds |
5.00% | 10/15/2044 | 150 | 151,848 | ||||||||
| District of Columbia, Series 2019 A, RB |
5.00% | 03/01/2029 | 165 | 177,048 | ||||||||
| District of Columbia, Series 2019 A, RB |
5.00% | 03/01/2031 | 50 | 53,596 | ||||||||
| District of Columbia, Series 2019 A, RB |
5.00% | 03/01/2032 | 50 | 53,441 | ||||||||
| District of Columbia, Series 2019 A, RB |
5.00% | 03/01/2033 | 10 | 10,647 | ||||||||
| District of Columbia, Series 2019 A, RB |
5.00% | 03/01/2034 | 260 | 275,840 | ||||||||
| District of Columbia, Series 2019 A, RB |
5.00% | 03/01/2035 | 165 | 174,304 | ||||||||
| District of Columbia, Series 2019 A, RB |
5.00% | 03/01/2036 | 20 | 21,016 | ||||||||
| District of Columbia, Series 2019 A, RB |
4.00% | 03/01/2037 | 20 | 19,747 | ||||||||
| District of Columbia, Series 2019 C, Ref. RB |
3.00% | 10/01/2029 | 30 | 29,814 | ||||||||
| District of Columbia, Series 2019 C, Ref. RB |
5.00% | 10/01/2029 | 105 | 113,626 | ||||||||
| District of Columbia, Series 2019 C, Ref. RB |
5.00% | 10/01/2031 | 100 | 107,162 | ||||||||
| District of Columbia, Series 2019 C, Ref. RB |
5.00% | 10/01/2032 | 100 | 106,773 | ||||||||
| District of Columbia, Series 2019 C, Ref. RB |
5.00% | 10/01/2033 | 240 | 255,218 | ||||||||
| District of Columbia, Series 2019 C, Ref. RB |
5.00% | 10/01/2034 | 145 | 153,611 | ||||||||
| District of Columbia, Series 2019, RB |
5.00% | 07/01/2049 | 135 | 128,899 | ||||||||
| District of Columbia, Series 2020 A, RB |
5.00% | 03/01/2029 | 230 | 246,794 | ||||||||
| District of Columbia, Series 2020 B, Ref. RB |
5.00% | 10/01/2029 | 10 | 10,822 | ||||||||
| District of Columbia, Series 2020, RB |
5.00% | 12/01/2029 | 100 | 108,206 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 Municipal Bond ETF (BSMT)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| District of Columbia-(continued) |
||||||||||||
| District of Columbia, Series 2020, RB |
5.00% | 12/01/2031 | $ | 15 | $ | 16,110 | ||||||
| District of Columbia, Series 2020, RB |
5.00% | 12/01/2032 | 70 | 74,891 | ||||||||
| District of Columbia, Series 2020, RB |
5.00% | 12/01/2033 | 10 | 10,654 | ||||||||
| District of Columbia, Series 2020, RB |
5.00% | 12/01/2034 | 60 | 63,682 | ||||||||
| District of Columbia, Series 2021 E, Ref. GO Bonds |
5.00% | 02/01/2029 | 165 | 176,826 | ||||||||
| District of Columbia, Series 2022 C, Ref. RB |
5.00% | 12/01/2029 | 75 | 81,352 | ||||||||
| District of Columbia, Series 2023 A, GO Bonds |
5.00% | 01/01/2029 | 80 | 85,626 | ||||||||
| District of Columbia, Series 2023 B, Ref. GO Bonds |
5.00% | 06/01/2029 | 165 | 177,714 | ||||||||
| District of Columbia, Series 2024 B, GO Bonds |
5.00% | 08/01/2029 | 40 | 43,184 | ||||||||
| District of Columbia, Series 2024 C, Ref. GO Bonds |
5.00% | 12/01/2029 | 5 | 5,423 | ||||||||
| Metropolitan Washington Airports Authority, Series 2019, Ref. RB |
4.00% | 10/01/2037 | 135 | 131,255 | ||||||||
| Metropolitan Washington Airports Authority (Dulles Metrorail and Capital Improvement), Series 2019, Ref. RB |
4.00% | 10/01/2035 | 5 | 4,978 | ||||||||
| Washington Metropolitan Area Transit Authority, Series 2020 A, RB |
5.00% | 07/15/2029 | 180 | 194,061 | ||||||||
| Washington Metropolitan Area Transit Authority (Green Bonds), Series 2021 A, RB |
5.00% | 07/15/2029 | 50 | 53,906 | ||||||||
|
|
|
|||||||||||
| 4,704,117 | ||||||||||||
|
|
|
|||||||||||
| Florida-3.04% |
||||||||||||
| Alachua (County of), FL Health Facilities Authority (Shands Teaching Hospital & Clinics, Inc.), Series 2019, RB |
3.00% | 12/01/2046 | 15 | 10,600 | ||||||||
| Broward (County of), FL, Series 2019 A, RB |
5.00% | 10/01/2038 | 205 | 213,511 | ||||||||
| Broward (County of), FL, Series 2019 A, RB |
5.00% | 10/01/2039 | 60 | 62,207 | ||||||||
| Broward (County of), FL, Series 2019 A, RB |
5.00% | 10/01/2040 | 115 | 118,732 | ||||||||
| Broward (County of), FL School Board, Series 2019 B, Ref. COP |
5.00% | 07/01/2029 | 340 | 364,603 | ||||||||
| Central Florida Expressway Authority, Series 2019 A, RB |
5.00% | 07/01/2044 | 55 | 55,694 | ||||||||
| Central Florida Expressway Authority, Series 2019 B, RB |
5.00% | 07/01/2037 | 95 | 98,634 | ||||||||
| Central Florida Expressway Authority, Series 2019 B, RB |
5.00% | 07/01/2038 | 90 | 93,002 | ||||||||
| Central Florida Expressway Authority, Series 2019 B, RB |
5.00% | 07/01/2049 | 30 | 30,223 | ||||||||
| Central Florida Expressway Authority, Series 2021, Ref. RB, (INS - AGI)(b) |
5.00% | 07/01/2029 | 440 | 475,169 | ||||||||
| Duval County (County of), FL School Board, Series 2022 A, COP, (INS - AGI)(b) |
5.00% | 07/01/2029 | 120 | 128,731 | ||||||||
| Florida (State of), Series 2021 B, Ref. GO Bonds |
5.00% | 06/01/2029 | 160 | 172,956 | ||||||||
| Florida (State of), Series 2022 B, Ref. GO Bonds |
5.00% | 06/01/2029 | 4 | 4,324 | ||||||||
| Florida (State of), Series 2024 A, Ref. GO Bonds |
5.00% | 06/01/2029 | 185 | 199,980 | ||||||||
| Florida (State of) (Right-of-Way Acquisition), Series 2021 A, Ref. GO Bonds |
5.00% | 07/01/2029 | 135 | 146,386 | ||||||||
| Florida (State of) Department of Management Services, Series 2018 A, Ref. COP |
5.00% | 11/01/2029 | 30 | 32,425 | ||||||||
| Florida (State of) Department of Transportation, Series 2020 A, Ref. RB |
5.00% | 07/01/2029 | 160 | 172,853 | ||||||||
| Florida (State of) Higher Educational Facilities Financial Authority (Ringling College), Series 2019, RB |
5.00% | 03/01/2049 | 170 | 158,680 | ||||||||
| Florida (State of) Higher Educational Facilities Financial Authority (St. Leo Univeristy), Series 2019, Ref. RB |
5.00% | 03/01/2039 | 100 | 80,220 | ||||||||
| Florida (State of) Municipal Power Agency, Series 2018 A, Ref. RB |
3.00% | 10/01/2029 | 80 | 78,592 | ||||||||
| Gainesville (City of), FL, Series 2019 A, RB |
5.00% | 10/01/2044 | 105 | 106,234 | ||||||||
| Gainesville (City of), FL, Series 2019 A, RB |
5.00% | 10/01/2047 | 100 | 101,151 | ||||||||
| Hillsborough (County of), FL Industrial Development Authority (Baycare Health System), Series 2024 C, Ref. RB |
5.00% | 11/15/2029 | 675 | 726,739 | ||||||||
| Hillsborough (County of), FL School Board, Series 2020, Ref. COP |
5.00% | 07/01/2029 | 10 | 10,708 | ||||||||
| Jacksonville (City of), FL (Brooks Rehabilitation), Series 2020, Ref. RB |
5.00% | 11/01/2050 | 150 | 145,567 | ||||||||
| JEA Electric System, Series 2024 A, Ref. RB, (INS - AGI)(b) |
5.00% | 10/01/2029 | 60 | 64,904 | ||||||||
| Lee (County of), FL Industrial Development Authority, Series 2019 A-1, Ref. RB |
5.00% | 04/01/2029 | 75 | 79,432 | ||||||||
| Lee (County of), FL Industrial Development Authority, Series 2019 A-1, Ref. RB |
5.00% | 04/01/2033 | 60 | 62,477 | ||||||||
| Lee (County of), FL Industrial Development Authority, Series 2019 A-1, Ref. RB |
5.00% | 04/01/2034 | 80 | 82,975 | ||||||||
| Lee (County of), FL Industrial Development Authority, Series 2019 A-1, Ref. RB |
5.00% | 04/01/2036 | 220 | 226,197 | ||||||||
| Lee (County of), FL Industrial Development Authority, Series 2019 A-1, Ref. RB |
5.00% | 04/01/2037 | 50 | 51,189 | ||||||||
| Lee (County of), FL Industrial Development Authority, Series 2019 A-1, Ref. RB |
5.00% | 04/01/2044 | 150 | 147,902 | ||||||||
| Lee (County of), FL Industrial Development Authority, Series 2019, RB |
4.00% | 04/01/2037 | 5 | 4,764 | ||||||||
| Lee (County of), FL Industrial Development Authority, Series 2019, Ref. RB |
5.00% | 04/01/2035 | 40 | 41,270 | ||||||||
| Miami Beach (City of), FL, Series 2019, Ref. GO Bonds |
4.00% | 05/01/2044 | 25 | 22,941 | ||||||||
| Miami-Dade (County of), FL, Series 2009 A, Ref. RB, (INS - AGI)(b) |
6.88% | 10/01/2034 | 15 | 17,065 | ||||||||
| Miami-Dade (County of), FL, Series 2019 B, RB |
5.00% | 10/01/2044 | 15 | 15,165 | ||||||||
| Miami-Dade (County of), FL Educational Facilities Authority (University of Miami),
Series 2007 B, Ref. RB, |
5.25% | 04/01/2029 | 20 | 21,457 | ||||||||
| Miami-Dade (County of), FL Transit System, Series 2019, Ref. RB |
4.00% | 07/01/2039 | 85 | 80,425 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 Municipal Bond ETF (BSMT)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| Florida-(continued) |
||||||||||||
| Orange (County of), FL Convention Center, Series 2017, Ref. RB |
5.00% | 10/01/2029 | $ | 100 | $ | 107,962 | ||||||
| Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group), Series 2019 A, RB |
5.00% | 10/01/2047 | 235 | 235,378 | ||||||||
| Orange (County of), FL School Board, Series 2017 C, Ref. COP |
5.00% | 08/01/2029 | 20 | 21,519 | ||||||||
| Palm Beach County School District, Series 2018 C, Ref. COP |
5.00% | 08/01/2029 | 255 | 269,985 | ||||||||
| Polk County School District, Series 2019, RB |
5.00% | 10/01/2033 | 195 | 206,961 | ||||||||
| Tampa Bay (City of), FL Water, Series 2001 A, Ref. RB(a) |
6.00% | 10/01/2029 | 165 | 182,522 | ||||||||
| Volusia (County of), FL Educational Facility Authority (Embry–Riddle Aeronautical University), Series 2020, Ref. RB |
5.00% | 10/15/2049 | 125 | 122,224 | ||||||||
|
|
|
|||||||||||
| 5,852,635 | ||||||||||||
|
|
|
|||||||||||
| Georgia-2.14% |
||||||||||||
| Atlanta (City of), GA, Series 2004, RB, (INS - AGI)(b) |
5.75% | 11/01/2029 | 70 | 78,180 | ||||||||
| Atlanta (City of), GA, Series 2019 C, RB |
5.00% | 07/01/2035 | 135 | 142,244 | ||||||||
| Atlanta (City of), GA, Series 2019 C, RB |
5.00% | 07/01/2036 | 160 | 167,595 | ||||||||
| Atlanta (City of), GA, Series 2019 C, RB |
5.00% | 07/01/2037 | 30 | 31,229 | ||||||||
| Atlanta (City of), GA (Department of Aviation), Series 2019 C, RB |
5.00% | 07/01/2038 | 20 | 20,668 | ||||||||
| Atlanta (City of), GA (Social Bonds), Series 2022 A-1, GO Bonds |
5.00% | 12/01/2029 | 70 | 76,267 | ||||||||
| Atlanta (City of), GA Department of Aviation, Series 2020 A, Ref. RB |
5.00% | 07/01/2029 | 155 | 167,203 | ||||||||
| Brookhaven (City of), GA Development Authority (Children’s Healthcare of Atlanta, Inc.), Series 2019 A, RB |
3.00% | 07/01/2046 | 50 | 37,528 | ||||||||
| Columbia (County of), GA Public Facilities Authority, Series 2024, RB |
5.00% | 04/01/2029 | 145 | 156,657 | ||||||||
| DeKalb (County of), GA, Series 2022, Ref. RB |
5.00% | 10/01/2029 | 45 | 48,907 | ||||||||
| Fayette (County of), GA Public Facilities Authority, Series 2024, RB |
5.00% | 07/01/2029 | 95 | 102,898 | ||||||||
| Forsyth (County of), GA, Series 2025, GO Bonds |
5.00% | 03/01/2029 | 10 | 10,789 | ||||||||
| Fulton (County of), GA Development Authority (Georgia Institute of Technology), Series 2019, RB |
5.00% | 06/15/2044 | 150 | 151,897 | ||||||||
| Georgia (State of), Series 2018 A, GO Bonds |
5.00% | 07/01/2029 | 100 | 106,332 | ||||||||
| Georgia (State of), Series 2019 A, GO Bonds |
5.00% | 07/01/2031 | 45 | 48,429 | ||||||||
| Georgia (State of), Series 2022 A, GO Bonds |
5.00% | 07/01/2029 | 55 | 59,661 | ||||||||
| Georgia (State of), Series 2022 C, Ref. GO Bonds |
4.00% | 07/01/2029 | 70 | 73,140 | ||||||||
| Georgia (State of), Series 2023 C, Ref. GO Bonds |
4.00% | 01/01/2029 | 90 | 93,664 | ||||||||
| Georgia (State of) (Bidding Group 1), Series 2020 A, GO Bonds |
5.00% | 08/01/2029 | 210 | 228,091 | ||||||||
| Georgia (State of) (Bidding Group 1), Series 2021 A, Ref. GO Bonds |
5.00% | 07/01/2029 | 105 | 113,898 | ||||||||
| Georgia (State of) (Tranche 1), Series 2019 A, GO Bonds |
5.00% | 07/01/2029 | 135 | 146,440 | ||||||||
| Georgia (State of) (Tranche 2), Series 2019 A, GO Bonds |
5.00% | 07/01/2032 | 50 | 53,712 | ||||||||
| Georgia (State of) Ports Authority, Series 2022, RB |
5.00% | 07/01/2029 | 260 | 281,511 | ||||||||
| Georgia (State of) Road & Tollway Authority (Garvee), Series 2020, RB |
5.00% | 06/01/2029 | 140 | 151,116 | ||||||||
| Gwinnett (County of), GA Water & Sewerage Authority, Series 2019, Ref. RB |
5.00% | 08/01/2029 | 85 | 92,253 | ||||||||
| Gwinnett County School District, Series 2019, GO Bonds |
5.00% | 02/01/2038 | 15 | 15,608 | ||||||||
| Gwinnett County School District, Series 2019, GO Bonds |
5.00% | 02/01/2041 | 195 | 200,492 | ||||||||
| Henry County School District, Series 2021, GO Bonds |
4.00% | 08/01/2029 | 185 | 191,868 | ||||||||
| Main Street Natural Gas, Inc., Series 2019 A, RB |
5.00% | 05/15/2043 | 100 | 100,234 | ||||||||
| Private Colleges & Universities Authority (Emory University), Series 2019 A, Ref. RB |
5.00% | 09/01/2029 | 185 | 200,501 | ||||||||
| Private Colleges & Universities Authority (Emory University), Series 2019 A, Ref. RB |
5.00% | 09/01/2037 | 70 | 73,419 | ||||||||
| Private Colleges & Universities Authority (Emory University), Series 2022 A, Ref. RB |
5.00% | 09/01/2029 | 200 | 216,425 | ||||||||
| Private Colleges & Universities Authority (Emory University) (Green Bonds), Series 2019, Ref. RB |
5.00% | 09/01/2048 | 250 | 253,659 | ||||||||
| Rockdale (County of), GA Development Authority (Piedmont Healthcare, Inc.), Series 2019 A, RB |
5.00% | 07/01/2049 | 5 | 5,039 | ||||||||
| Savannah (City of), GA Hospital Authority (St. Josephs Candler Health System), Series 2019 A, Ref. RB |
4.00% | 07/01/2039 | 225 | 211,516 | ||||||||
|
|
|
|||||||||||
| 4,109,070 | ||||||||||||
|
|
|
|||||||||||
| Hawaii-0.99% |
||||||||||||
| Hawaii (State of), Series 2018 FT, GO Bonds |
5.00% | 01/01/2029 | 55 | 57,847 | ||||||||
| Hawaii (State of), Series 2019 FW, GO Bonds |
5.00% | 01/01/2029 | 45 | 48,339 | ||||||||
| Hawaii (State of), Series 2019 FW, GO Bonds |
5.00% | 01/01/2031 | 150 | 159,715 | ||||||||
| Hawaii (State of), Series 2019 FW, GO Bonds |
5.00% | 01/01/2032 | 65 | 68,958 | ||||||||
| Hawaii (State of), Series 2019 FW, GO Bonds |
5.00% | 01/01/2033 | 35 | 37,025 | ||||||||
| Hawaii (State of), Series 2019 FW, GO Bonds |
5.00% | 01/01/2034 | 120 | 126,347 | ||||||||
| Hawaii (State of), Series 2019 FW, GO Bonds |
5.00% | 01/01/2035 | 100 | 104,890 | ||||||||
| Hawaii (State of), Series 2019 FW, GO Bonds |
5.00% | 01/01/2036 | 35 | 36,518 | ||||||||
| Hawaii (State of), Series 2019 FW, GO Bonds |
4.00% | 01/01/2037 | 40 | 40,054 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 Municipal Bond ETF (BSMT)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| Hawaii-(continued) |
||||||||||||
| Hawaii (State of), Series 2019 FW, GO Bonds |
5.00% | 01/01/2037 | $ | 20 | $ | 20,793 | ||||||
| Hawaii (State of), Series 2019 FW, GO Bonds |
5.00% | 01/01/2038 | 180 | 186,239 | ||||||||
| Hawaii (State of), Series 2019 FW, GO Bonds |
5.00% | 01/01/2039 | 50 | 51,519 | ||||||||
| Honolulu (City & County of), HI, Series 2019 A, RB |
5.00% | 07/01/2044 | 25 | 25,494 | ||||||||
| Honolulu (City & County of), HI, Series 2019 B, Ref. RB |
5.00% | 07/01/2036 | 325 | 341,914 | ||||||||
| Honolulu (City & County of), HI, Series 2022 A, Ref. GO Bonds |
5.00% | 11/01/2029 | 390 | 423,881 | ||||||||
| Honolulu (City & County of), HI (Honolulu Rail Transit), Series 2019 A, GO Bonds |
5.00% | 09/01/2029 | 60 | 63,429 | ||||||||
| Honolulu (City & County of), HI (Honolulu Rail Transit), Series 2020, Ref. GO Bonds |
5.00% | 03/01/2029 | 35 | 37,659 | ||||||||
| Honolulu (City & County of), HI (Honolulu Rail Transit), Series 2021, GO Bonds |
5.00% | 03/01/2029 | 50 | 53,798 | ||||||||
| Honolulu (City & County of), HI (Honolulu Rail Transit), Series 2023, Ref. GO Bonds |
5.00% | 03/01/2029 | 15 | 16,139 | ||||||||
|
|
|
|||||||||||
| 1,900,558 | ||||||||||||
|
|
|
|||||||||||
| Idaho-0.43% |
||||||||||||
| Idaho (State of) Housing & Finance Association, Series 2019, Ref. RB |
5.00% | 07/15/2033 | 190 | 201,966 | ||||||||
| Idaho (State of) Housing & Finance Association, Series 2019, Ref. RB |
5.00% | 07/15/2034 | 40 | 42,383 | ||||||||
| Idaho (State of) Housing & Finance Association, Series 2019, Ref. RB |
5.00% | 07/15/2035 | 95 | 100,158 | ||||||||
| Idaho (State of) Housing & Finance Association, Series 2019, Ref. RB |
5.00% | 07/15/2037 | 35 | 36,610 | ||||||||
| Idaho (State of) Housing & Finance Association (Garvee), Series 2021 A, Ref. RB |
5.00% | 07/15/2029 | 115 | 123,660 | ||||||||
| Idaho State Building Authority, Series 2024 A, RB |
5.00% | 06/01/2029 | 300 | 324,410 | ||||||||
|
|
|
|||||||||||
| 829,187 | ||||||||||||
|
|
|
|||||||||||
| Illinois-5.69% |
||||||||||||
| Chicago (City of), IL, Series 2019 A, GO Bonds |
5.00% | 01/01/2029 | 125 | 129,753 | ||||||||
| Chicago (City of), IL, Series 2019 A, GO Bonds |
5.50% | 01/01/2035 | 100 | 103,311 | ||||||||
| Chicago (City of), IL, Series 2019 A, GO Bonds |
5.00% | 01/01/2040 | 200 | 197,651 | ||||||||
| Chicago (City of), IL, Series 2019 A, GO Bonds |
5.00% | 01/01/2044 | 1,010 | 956,971 | ||||||||
| Chicago (City of), IL, Series 2021 B, Ref. GO Bonds |
4.00% | 01/01/2029 | 307 | 309,830 | ||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2018 B, RB |
5.00% | 01/01/2036 | 155 | 161,806 | ||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2018 B, RB |
5.00% | 01/01/2037 | 90 | 93,452 | ||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2018 B, RB |
5.00% | 01/01/2038 | 165 | 170,117 | ||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2018 B, RB |
5.00% | 01/01/2039 | 35 | 35,919 | ||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2018 B, RB |
4.00% | 01/01/2044 | 140 | 125,369 | ||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2018 B, RB |
5.00% | 01/01/2048 | 365 | 362,975 | ||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2018 B, RB |
5.00% | 01/01/2053 | 205 | 203,463 | ||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2022, Ref. RB |
5.00% | 01/01/2029 | 30 | 31,994 | ||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2024 D, Ref. RB |
5.00% | 01/01/2029 | 5 | 5,332 | ||||||||
| Chicago (City of), IL Metropolitan Water Reclamation District (Green Bonds), Series 2021 A, GO Bonds |
5.00% | 12/01/2029 | 190 | 206,675 | ||||||||
| Chicago (City of), IL Midway International Airport, Series 2023 B, Ref. RB, (INS - BAM)(b) |
5.00% | 01/01/2029 | 15 | 16,034 | ||||||||
| Chicago (City of), IL Transit Authority, Series 2020 A, Ref. RB |
5.00% | 12/01/2045 | 230 | 225,307 | ||||||||
| Chicago (City of), IL Transit Authority (FTA Section 5307 Urbanized Area Formula Funds), Series 2021, Ref. RB |
5.00% | 06/01/2029 | 200 | 210,470 | ||||||||
| Cook (County of), IL, Series 2022 A, Ref. GO Bonds |
5.00% | 11/15/2029 | 270 | 291,511 | ||||||||
| Cook Kane Lake & McHenry Counties Community College District No. 512, Series 2020, GO Bonds |
4.00% | 12/15/2029 | 75 | 76,692 | ||||||||
| Illinois (State of), Series 2018 A, GO Bonds |
5.00% | 05/01/2029 | 55 | 57,145 | ||||||||
| Illinois (State of), Series 2021 A, GO Bonds |
5.00% | 03/01/2029 | 50 | 52,584 | ||||||||
| Illinois (State of), Series 2021 A, GO Bonds |
5.00% | 12/01/2029 | 85 | 90,401 | ||||||||
| Illinois (State of), Series 2022 A, GO Bonds |
5.00% | 03/01/2029 | 80 | 84,135 | ||||||||
| Illinois (State of), Series 2022 B, GO Bonds |
5.00% | 10/01/2029 | 120 | 126,908 | ||||||||
| Illinois (State of), Series 2022 B, Ref. GO Bonds |
5.00% | 03/01/2029 | 40 | 42,068 | ||||||||
| Illinois (State of), Series 2023 B, GO Bonds |
5.00% | 05/01/2029 | 35 | 36,868 | ||||||||
| Illinois (State of), Series 2023 B, GO Bonds |
5.00% | 12/01/2029 | 180 | 190,668 | ||||||||
| Illinois (State of), Series 2023 D, Ref. GO Bonds |
5.00% | 07/01/2029 | 130 | 137,155 | ||||||||
| Illinois (State of), Series 2024, Ref. GO Bonds |
5.00% | 02/01/2029 | 35 | 36,771 | ||||||||
| Illinois (State of) (Rebuild Illinois Program), Series 2019 B, GO Bonds |
5.00% | 11/01/2031 | 250 | 263,293 | ||||||||
| Illinois (State of) (Rebuild Illinois Program), Series 2019 B, GO Bonds |
4.00% | 11/01/2033 | 30 | 29,737 | ||||||||
| Illinois (State of) (Rebuild Illinois Program), Series 2019 B, GO Bonds |
4.00% | 11/01/2034 | 25 | 24,578 | ||||||||
| Illinois (State of) (Rebuild Illinois Program), Series 2019 B, GO Bonds |
4.00% | 11/01/2035 | 50 | 48,657 | ||||||||
| Illinois (State of) (Rebuild Illinois Program), Series 2019 B, GO Bonds |
4.00% | 11/01/2036 | 80 | 76,867 | ||||||||
| Illinois (State of) Finance Authority (Green Bonds), Series 2019, RB |
5.00% | 07/01/2037 | 365 | 381,328 | ||||||||
| Illinois (State of) Finance Authority (Green Bonds) (Clean Water Initiative), Series 2019, RB |
5.00% | 07/01/2033 | 250 | 265,355 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 Municipal Bond ETF (BSMT)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||
| Illinois-(continued) |
||||||||||||
| Illinois (State of) Finance Authority (Green Bonds) (Clean Water Initiative), Series 2019, RB |
5.00% | 07/01/2034 | $ | 155 | $ | 163,947 | ||||||
| Illinois (State of) Finance Authority (Green Bonds) (Clean Water Initiative), Series 2019, RB |
5.00% | 07/01/2036 | 500 | 524,666 | ||||||||
| Illinois (State of) Finance Authority (State Clean Water) (Green Bonds), Series 2019, RB |
4.00% | 07/01/2038 | 180 | 174,261 | ||||||||
| Illinois (State of) Finance Authority (University of Chicago (The)), Series 2024 B, Ref. RB |
5.00% | 04/01/2029 | 5 | 5,338 | ||||||||
| Illinois (State of) Finance Authority (University of Illinois at Urbana), Series 2019, RB |
5.00% | 10/01/2049 | 105 | 103,249 | ||||||||
| Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion), Series 2020, Ref. RB |
5.00% | 06/15/2050 | 555 | 538,799 | ||||||||
| Illinois (State of) Regional Transportation Authority, Series 2004 A, RB, (INS - AGI)(b) |
5.75% | 06/01/2029 | 95 | 102,256 | ||||||||
| Illinois (State of) Toll Highway Authority, Series 2019 A, RB |
5.00% | 01/01/2040 | 80 | 81,938 | ||||||||
| Illinois (State of) Toll Highway Authority, Series 2019 A, RB |
5.00% | 01/01/2041 | 90 | 91,739 | ||||||||
| Illinois (State of) Toll Highway Authority, Series 2019 A, RB |
5.00% | 01/01/2044 | 725 | 730,217 | ||||||||
| Illinois (State of) Toll Highway Authority, Series 2019 A, Ref. RB |
5.00% | 01/01/2031 | 70 | 74,265 | ||||||||
| Illinois (State of) Toll Highway Authority, Series 2019 B, Ref. RB |
5.00% | 01/01/2029 | 105 | 112,384 | ||||||||
| Illinois (State of) Toll Highway Authority, Series 2019, Ref. RB |
5.00% | 01/01/2029 | 265 | 283,635 | ||||||||
| Kendall Kane & Will Counties Community Unit School District No. 308, Series 2020 A, Ref. GO Bonds, (INS - AGI)(b) |
5.00% | 02/01/2029 | 145 | 153,579 | ||||||||
| Sales Tax Securitization Corp., Series 2018 C, Ref. RB |
5.00% | 01/01/2029 | 85 | 89,909 | ||||||||
| Sales Tax Securitization Corp., Series 2018 C, Ref. RB |
5.50% | 01/01/2031 | 130 | 138,836 | ||||||||
| Sales Tax Securitization Corp., Series 2018 C, Ref. RB |
5.50% | 01/01/2032 | 100 | 106,533 | ||||||||
| Sales Tax Securitization Corp., Series 2018 C, Ref. RB |
5.00% | 01/01/2043 | 395 | 398,155 | ||||||||
| Sales Tax Securitization Corp., Series 2018 C, Ref. RB |
5.25% | 01/01/2043 | 655 | 665,564 | ||||||||
| Sales Tax Securitization Corp., Series 2020 A, Ref. RB |
5.00% | 01/01/2029 | 295 | 312,036 | ||||||||
| Sales Tax Securitization Corp., Series 2021 A, Ref. RB |
5.00% | 01/01/2029 | 115 | 121,641 | ||||||||
| Will (County of), IL, Series 2019, GO Bonds |
4.00% | 11/15/2047 | 130 | 115,077 | ||||||||
|
|
|
|||||||||||
| 10,947,174 | ||||||||||||
|
|
|
|||||||||||
| Indiana-1.10% |
||||||||||||
| Indiana (State of) Finance Authority, Series 2016 C, Ref. RB |
5.00% | 06/01/2029 | 390 | 416,709 | ||||||||
| Indiana (State of) Finance Authority (Citizens Wastewater of Westfield), Series 2019, Ref. RB |
5.00% | 10/01/2048 | 150 | 150,790 | ||||||||
| Indiana (State of) Finance Authority (CWA Authority), Series 2021-1, Ref. RB |
5.00% | 10/01/2029 | 110 | 119,316 | ||||||||
| Indiana (State of) Finance Authority (Green Bonds), Series 2017 C, Ref. RB |
5.00% | 02/01/2029 | 65 | 68,395 | ||||||||
| Indiana (State of) Finance Authority (Green Bonds), Series 2019 A, RB |
5.00% | 02/01/2033 | 105 | 111,324 | ||||||||
| Indiana (State of) Finance Authority (Green Bonds), Series 2019 A, RB |
5.00% | 02/01/2034 | 30 | 31,675 | ||||||||
| Indiana (State of) Finance Authority (Green Bonds), Series 2019 A, RB |
5.00% | 02/01/2036 | 75 | 78,427 | ||||||||
| Indiana (State of) Finance Authority (Green Bonds), Series 2019 A, RB |
5.00% | 02/01/2037 | 25 | 26,020 | ||||||||
| Indiana (State of) Finance Authority (Green Bonds), Series 2019 A, RB |
5.00% | 02/01/2038 | 70 | 72,491 | ||||||||
| Indiana (State of) Finance Authority (Green Bonds), Series 2019 A, RB |
5.00% | 02/01/2039 | 65 | 67,044 | ||||||||
| Indianapolis Local Public Improvement Bond Bank, Series 2019 A, RB |
5.25% | 02/01/2039 | 10 | 10,394 | ||||||||
| Indianapolis Local Public Improvement Bond Bank (Courthouse and Jail), Series 2019 A, RB |
5.00% | 02/01/2036 | 430 | 448,298 | ||||||||
| Indianapolis Local Public Improvement Bond Bank (Courthouse and Jail), Series 2019 A, RB |
5.00% | 02/01/2037 | 10 | 10,387 | ||||||||
| Indianapolis Local Public Improvement Bond Bank (Courthouse and Jail), Series 2019 A, RB |
5.00% | 02/01/2049 | 150 | 151,335 | ||||||||
| Indianapolis Local Public Improvement Bond Bank (Courthouse and Jail), Series 2019 A, RB |
5.00% | 02/01/2054 | 130 | 130,214 | ||||||||
| Indianapolis Local Public Improvement Bond Bank (Courthouse and Jail), Series 2019 A, Ref. RB |
4.00% | 02/01/2038 | 230 | 223,471 | ||||||||
|
|
|
|||||||||||
| 2,116,290 | ||||||||||||
|
|
|
|||||||||||
| Iowa-0.59% |
||||||||||||
| Iowa (State of), Series 2019 A, Ref. RB |
5.00% | 06/01/2029 | 215 | 231,903 | ||||||||
| Iowa (State of), Series 2019 A, Ref. RB |
5.00% | 06/01/2031 | 195 | 209,172 | ||||||||
| Iowa (State of), Series 2019 A, Ref. RB |
5.00% | 06/01/2032 | 135 | 143,827 | ||||||||
| Iowa (State of), Series 2019 A, Ref. RB |
5.00% | 06/01/2033 | 105 | 111,525 | ||||||||
| Iowa (State of), Series 2019 A, Ref. RB |
5.00% | 06/01/2034 | 35 | 36,982 | ||||||||
| Iowa (State of) Finance Authority (Unitypoint Health), Series 2018 B, Ref. RB |
5.00% | 02/15/2048 | 405 | 405,147 | ||||||||
|
|
|
|||||||||||
| 1,138,556 | ||||||||||||
|
|
|
|||||||||||
| Kansas-0.20% |
||||||||||||
| Kansas (State of) Department of Transportation, Series 2024 A, Ref. RB |
5.00% | 09/01/2029 | 130 | 140,785 | ||||||||
| University of Kansas Hospital Authority (KS Health System), Series 2019 A, RB |
5.00% | 09/01/2048 | 250 | 252,064 | ||||||||
|
|
|
|||||||||||
| 392,849 | ||||||||||||
|
|
|
|||||||||||
| Kentucky-0.34% |
||||||||||||
| Kentucky (Commonwealth of) Economic Development Finance Authority, Series 2019 A, Ref. RB |
5.00% | 08/01/2044 | 15 | 14,779 | ||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 Municipal Bond ETF (BSMT)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Kentucky-(continued) |
||||||||||||||||
| Kentucky (Commonwealth of) Economic Development Finance Authority (Commonspirit Health), Series 2019 A-2, Ref. RB |
5.00% | 08/01/2049 | $ | 10 | $ | 9,622 | ||||||||||
| Kentucky (Commonwealth of) Property & Building Commission (No. 130), Series 2024 B, Ref. RB |
5.00% | 11/01/2029 | 190 | 204,708 | ||||||||||||
| Kentucky (Commonwealth of) Property & Building Commission (No. 131), Series 2024 A, RB |
5.00% | 10/01/2029 | 70 | 75,396 | ||||||||||||
| Kentucky (Commonwealth of) Property & Building Commission (No. 132), Series 2025 A, RB |
5.00% | 04/01/2029 | 25 | 26,775 | ||||||||||||
| Kentucky (Commonwealth of) Turnpike Authority (Revitalizaton), Series 2024 A, Ref. RB |
5.00% | 07/01/2029 | 125 | 134,692 | ||||||||||||
| Louisville (City of) & Jefferson (County of), KY Metropolitan Government (Norton Healthcare, Inc.), Series 2020 A, RB |
5.00% | 10/01/2038 | 180 | 183,758 | ||||||||||||
|
|
|
|||||||||||||||
| 649,730 | ||||||||||||||||
|
|
|
|||||||||||||||
| Louisiana-0.60% |
||||||||||||||||
| East Baton Rouge (Parish of), LA Sewerage Commission, Series 2019 A, Ref. RB |
4.00% | 02/01/2040 | 15 | 14,194 | ||||||||||||
| Jefferson (Parish of), LA Sales Tax District, Series 2019 B, RB, (INS - AGI)(b) |
4.00% | 12/01/2036 | 125 | 124,935 | ||||||||||||
| Jefferson (Parish of), LA Sales Tax District, Series 2019 B, RB, (INS - AGI)(b) |
4.00% | 12/01/2037 | 40 | 39,431 | ||||||||||||
| Jefferson (Parish of), LA Sales Tax District, Series 2019 B, Ref. RB, (INS - AGI)(b) |
4.00% | 12/01/2039 | 300 | 284,906 | ||||||||||||
| Louisiana (State of), Series 2019 A, GO Bonds |
5.00% | 03/01/2032 | 15 | 15,940 | ||||||||||||
| Louisiana (State of), Series 2019 A, GO Bonds |
5.00% | 03/01/2033 | 60 | 63,606 | ||||||||||||
| Louisiana (State of), Series 2019 A, GO Bonds |
5.00% | 03/01/2034 | 55 | 57,862 | ||||||||||||
| Louisiana (State of), Series 2019 A, GO Bonds |
5.00% | 03/01/2035 | 5 | 5,237 | ||||||||||||
| Louisiana (State of), Series 2019 A, GO Bonds |
5.00% | 03/01/2036 | 195 | 203,543 | ||||||||||||
| Louisiana (State of), Series 2019 A, GO Bonds |
5.00% | 03/01/2037 | 5 | 5,204 | ||||||||||||
| Louisiana (State of), Series 2019 A, GO Bonds |
5.00% | 03/01/2038 | 5 | 5,184 | ||||||||||||
| Louisiana (State of), Series 2019 A, GO Bonds |
5.00% | 03/01/2039 | 15 | 15,490 | ||||||||||||
| Louisiana (State of), Series 2023 A, Ref. GO Bonds |
5.00% | 02/01/2029 | 100 | 107,347 | ||||||||||||
| Louisiana (State of) (Garvee), Series 2019 A, RB |
5.00% | 09/01/2029 | 100 | 105,811 | ||||||||||||
| Louisiana (State of) (Garvee), Series 2023, RB |
5.00% | 09/01/2029 | 85 | 91,734 | ||||||||||||
| Parish of East Baton Rouge Capital Improvements District, Series 2019, RB |
4.00% | 08/01/2044 | 5 | 4,557 | ||||||||||||
|
|
|
|||||||||||||||
| 1,144,981 | ||||||||||||||||
|
|
|
|||||||||||||||
| Maryland-2.08% |
||||||||||||||||
| Anne Arundel (County of), MD, Series 2019, GO Bonds |
5.00% | 10/01/2048 | 100 | 101,348 | ||||||||||||
| Baltimore (City of), MD (Wastewater), Series 2019 A, RB |
5.00% | 07/01/2049 | 10 | 10,119 | ||||||||||||
| Baltimore (County of), MD, Series 2019, GO Bonds |
4.00% | 03/01/2035 | 165 | 166,774 | ||||||||||||
| Baltimore (County of), MD, Series 2019, GO Bonds |
4.00% | 03/01/2036 | 25 | 25,192 | ||||||||||||
| Baltimore (County of), MD, Series 2019, GO Bonds |
4.00% | 03/01/2037 | 15 | 15,045 | ||||||||||||
| Howard (County of), MD, Series 2017 D, Ref. GO Bonds |
5.00% | 02/15/2029 | 10 | 10,573 | ||||||||||||
| Maryland (State of), First Series 2019, GO Bonds |
5.00% | 03/15/2031 | 90 | 96,312 | ||||||||||||
| Maryland (State of), First Series 2019, GO Bonds |
5.00% | 03/15/2032 | 520 | 555,086 | ||||||||||||
| Maryland (State of), First Series 2019, GO Bonds |
4.00% | 03/15/2033 | 5 | 5,097 | ||||||||||||
| Maryland (State of), Second Series 2018, GO Bonds |
5.00% | 08/01/2029 | 105 | 111,704 | ||||||||||||
| Maryland (State of), Series 2018 A, GO Bonds |
5.00% | 03/15/2029 | 85 | 89,859 | ||||||||||||
| Maryland (State of), Series 2019, GO Bonds |
5.00% | 03/15/2029 | 140 | 151,040 | ||||||||||||
| Maryland (State of), Series 2022 C, Ref. GO Bonds |
4.00% | 03/01/2029 | 10 | 10,399 | ||||||||||||
| Maryland (State of), Series 2022 D, Ref. GO Bonds |
4.00% | 08/01/2029 | 105 | 109,525 | ||||||||||||
| Maryland (State of), Series 2022, GO Bonds |
5.00% | 06/01/2029 | 45 | 48,715 | ||||||||||||
| Maryland (State of) (Bidding Group 1), Second Series 2019 A, GO Bonds |
5.00% | 08/01/2029 | 5 | 5,427 | ||||||||||||
| Maryland (State of) (Bidding Group 1), Second Series 2021 A, GO Bonds |
5.00% | 08/01/2029 | 135 | 146,519 | ||||||||||||
| Maryland (State of) (Bidding Group 1), Series 2020 A, GO Bonds |
5.00% | 03/15/2029 | 30 | 32,366 | ||||||||||||
| Maryland (State of) (Bidding Group 1), Series 2020 A, GO Bonds |
5.00% | 08/01/2029 | 385 | 417,850 | ||||||||||||
| Maryland (State of) (Bidding Group 2), Second Series 2019 A, GO Bonds |
5.00% | 08/01/2031 | 95 | 102,198 | ||||||||||||
| Maryland (State of) Department of Transportation, Series 2016, RB |
4.00% | 11/01/2029 | 100 | 99,881 | ||||||||||||
| Maryland (State of) Department of Transportation, Series 2020, RB |
5.00% | 10/01/2029 | 140 | 152,154 | ||||||||||||
| Maryland (State of) Department of Transportation, Series 2021 A, RB |
5.00% | 10/01/2029 | 100 | 108,682 | ||||||||||||
| Maryland (State of) Department of Transportation, Series 2022 B, Ref. RB |
5.00% | 12/01/2029 | 90 | 98,057 | ||||||||||||
| Maryland (State of) Health & Higher Educational Facilities Authority (Loyola University), Series 2019 A, Ref. RB |
5.00% | 10/01/2049 | 140 | 138,819 | ||||||||||||
| Maryland (State of) Transportation Authority, Series 2021 A, Ref. RB |
5.00% | 07/01/2029 | 110 | 118,880 | ||||||||||||
| Maryland (State of) Transportation Authority, Series 2024, Ref. RB |
5.00% | 07/01/2029 | 60 | 64,844 | ||||||||||||
| Maryland Water Infrastructure Financing Administration Bay Restoration Fund, Series 2015, RB |
3.00% | 03/01/2029 | 5 | 4,896 | ||||||||||||
| Montgomery (County of), MD, Series 2018 A, GO Bonds |
5.00% | 11/01/2029 | 100 | 107,016 | ||||||||||||
| Montgomery (County of), MD, Series 2019 A, GO Bonds |
5.00% | 11/01/2029 | 100 | 109,034 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 Municipal Bond ETF (BSMT)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Maryland-(continued) |
||||||||||||||||
| Montgomery (County of), MD, Series 2019 A, GO Bonds |
4.00% | 11/01/2033 | $ | 5 | $ | 5,090 | ||||||||||
| Montgomery (County of), MD, Series 2020 A, GO Bonds |
4.00% | 08/01/2029 | 30 | 31,293 | ||||||||||||
| Montgomery (County of), MD, Series 2020 B, Ref. GO Bonds |
4.00% | 11/01/2029 | 40 | 41,795 | ||||||||||||
| Montgomery (County of), MD, Series 2021 A, Ref. GO Bonds |
5.00% | 08/01/2029 | 195 | 211,798 | ||||||||||||
| Prince George’s (County of), MD, Series 2017 A, GO Bonds |
3.00% | 09/15/2029 | 115 | 114,032 | ||||||||||||
| Prince George’s (County of), MD, Series 2018 A, GO Bonds |
5.00% | 07/15/2029 | 80 | 85,194 | ||||||||||||
| Prince George’s (County of), MD, Series 2019 A, GO Bonds |
5.00% | 07/15/2029 | 80 | 86,767 | ||||||||||||
| Prince George’s (County of), MD, Series 2019 A, GO Bonds |
4.00% | 07/15/2031 | 10 | 10,316 | ||||||||||||
| Prince George’s (County of), MD, Series 2019 A, GO Bonds |
4.00% | 07/15/2032 | 110 | 112,793 | ||||||||||||
| Prince George’s (County of), MD, Series 2020 A, GO Bonds |
5.00% | 07/15/2029 | 15 | 15,974 | ||||||||||||
| Prince George’s (County of), MD, Series 2020 B, Ref. GO Bonds |
5.00% | 09/15/2029 | 30 | 32,620 | ||||||||||||
| Prince George’s (County of), MD, Series 2022 A, GO Bonds |
5.00% | 07/01/2029 | 10 | 10,839 | ||||||||||||
| Washington (State of) Suburban Sanitary Commission, Series 2017, Ref. RB |
3.00% | 06/01/2029 | 25 | 24,830 | ||||||||||||
|
|
|
|||||||||||||||
| 3,996,752 | ||||||||||||||||
|
|
|
|||||||||||||||
| Massachusetts-4.20% |
||||||||||||||||
| Massachusetts (Commonwealth of), Series 2018 B, GO Bonds |
5.00% | 01/01/2029 | 40 | 42,005 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2018 B, Ref. GO Bonds |
5.00% | 07/01/2029 | 420 | 455,423 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2018 C, Ref. GO Bonds |
5.00% | 09/01/2029 | 65 | 70,663 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2019 A, GO Bonds |
5.00% | 01/01/2031 | 175 | 186,340 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2019 A, GO Bonds |
5.00% | 01/01/2032 | 45 | 47,812 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2019 A, GO Bonds |
5.25% | 01/01/2033 | 20 | 21,427 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2019 A, GO Bonds |
5.00% | 01/01/2035 | 30 | 31,541 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2019 A, GO Bonds |
5.00% | 01/01/2036 | 100 | 104,767 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2019 A, GO Bonds |
5.00% | 01/01/2037 | 75 | 78,285 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2019 A, GO Bonds |
5.00% | 01/01/2038 | 180 | 186,736 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2019 A, GO Bonds |
5.00% | 01/01/2039 | 15 | 15,485 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2019 A, GO Bonds |
5.25% | 01/01/2044 | 350 | 359,857 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2019 C, GO Bonds |
5.00% | 05/01/2040 | 70 | 72,085 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2019 C, GO Bonds |
5.00% | 05/01/2041 | 105 | 107,726 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2019 C, GO Bonds |
5.00% | 05/01/2042 | 5 | 5,112 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2019 C, GO Bonds |
5.00% | 05/01/2043 | 160 | 163,160 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2019 C, GO Bonds |
5.00% | 05/01/2045 | 25 | 25,385 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2019 C, Ref. GO Bonds |
5.00% | 05/01/2029 | 140 | 151,407 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2019 F, GO Bonds |
5.00% | 05/01/2029 | 20 | 21,630 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2019 G, GO Bonds |
5.00% | 09/01/2029 | 240 | 260,911 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2019 G, GO Bonds |
4.00% | 09/01/2038 | 10 | 9,830 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2020 A, GO Bonds |
5.00% | 03/01/2029 | 120 | 129,426 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2020 D, GO Bonds |
5.00% | 07/01/2029 | 65 | 70,482 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2020 E, GO Bonds |
5.00% | 11/01/2029 | 235 | 256,128 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2021 A, Ref. GO Bonds |
5.00% | 09/01/2029 | 425 | 462,029 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2021 C, GO Bonds |
5.00% | 09/01/2029 | 150 | 163,069 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2022 A, GO Bonds |
5.00% | 02/01/2029 | 55 | 59,240 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2022 A, Ref. GO Bonds |
5.00% | 10/01/2029 | 525 | 571,472 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2023 A, GO Bonds |
5.00% | 05/01/2029 | 5 | 5,407 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2024 A, Ref. GO Bonds |
5.00% | 03/01/2029 | 155 | 167,175 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2024 B, GO Bonds |
5.00% | 05/01/2029 | 35 | 37,852 | ||||||||||||
| Massachusetts (Commonwealth of) (Rail Enhancement & Accelerated Bridge Program), Series 2019 A, RB |
5.00% | 06/01/2049 | 410 | 413,911 | ||||||||||||
| Massachusetts (Commonwealth of) Bay Transportation Authority, Series 2005 A, RB |
5.00% | 07/01/2029 | 35 | 37,924 | ||||||||||||
| Massachusetts (Commonwealth of) Bay Transportation Authority, Series 2005 B, RB, (INS - NATL)(b) |
5.50% | 07/01/2029 | 125 | 137,835 | ||||||||||||
| Massachusetts (Commonwealth of) Bay Transportation Authority, Series 2006 A, RB |
5.25% | 07/01/2029 | 45 | 49,190 | ||||||||||||
| Massachusetts (Commonwealth of) Bay Transportation Authority (Green Bonds), Series 2021, Ref. RB |
5.00% | 07/01/2041 | 375 | 385,399 | ||||||||||||
| Massachusetts (Commonwealth of) Bay Transportation Authority (Green Bonds), Series 2021, Ref. RB |
5.00% | 07/01/2042 | 120 | 122,647 | ||||||||||||
| Massachusetts (Commonwealth of) Development Finance Agency, Series 2019 A, Ref. RB |
5.00% | 07/01/2044 | 55 | 52,020 | ||||||||||||
| Massachusetts (Commonwealth of) Development Finance Agency, Series 2022, Ref. RB |
5.00% | 10/01/2029 | 5 | 5,419 | ||||||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Atrius Health), Series 2019 A, Ref. RB(a)(c) |
4.00% | 06/01/2029 | 100 | 104,383 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 Municipal Bond ETF (BSMT)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Massachusetts-(continued) |
||||||||||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Boston Medical Center), Series 1999 P, RB |
5.45% | 05/15/2059 | $ | 80 | $ | 83,785 | ||||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Boston Medical Center), Series 2020 A-2, Ref. RB |
5.00% | 07/01/2029 | 10 | 10,807 | ||||||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Harvard University), Series 2020 A, Ref. RB |
5.00% | 10/15/2029 | 255 | 274,797 | ||||||||||||
| Massachusetts (Commonwealth of) Port Authority, Series 2019 B, RB |
5.00% | 07/01/2044 | 25 | 25,339 | ||||||||||||
| Massachusetts (Commonwealth of) School Building Authority, Series 2019 A, RB |
5.00% | 02/15/2044 | 595 | 604,188 | ||||||||||||
| Massachusetts (Commonwealth of) Transportation Trust Fund, Series 2019 A, Ref. RB |
5.00% | 01/01/2031 | 80 | 85,464 | ||||||||||||
| Massachusetts (Commonwealth of) Transportation Trust Fund, Series 2019 A, Ref. RB |
5.00% | 01/01/2032 | 205 | 217,955 | ||||||||||||
| Massachusetts (Commonwealth of) Transportation Trust Fund, Series 2019 A, Ref. RB |
5.00% | 01/01/2034 | 330 | 348,661 | ||||||||||||
| Massachusetts (Commonwealth of) Transportation Trust Fund, Series 2019 A, Ref. RB |
5.00% | 01/01/2035 | 160 | 168,494 | ||||||||||||
| Massachusetts (Commonwealth of) Transportation Trust Fund, Series 2019 C, Ref. RB |
5.00% | 01/01/2033 | 5 | 5,315 | ||||||||||||
| Massachusetts (Commonwealth of) Transportation Trust Fund, Series 2019 C, Ref. RB |
5.00% | 01/01/2035 | 35 | 36,943 | ||||||||||||
| Massachusetts (Commonwealth of) Transportation Trust Fund (Contract Assistance), Series 2018 A, Ref. RB |
5.00% | 01/01/2029 | 90 | 96,678 | ||||||||||||
| Massachusetts (Commonwealth of) Water Resources Authority, Series 2007 B, Ref. RB, (INS - AGI)(b) |
5.25% | 08/01/2029 | 95 | 104,189 | ||||||||||||
| University of Massachusetts Building Authority, Series 2019-1, RB |
5.00% | 05/01/2029 | 5 | 5,392 | ||||||||||||
| University of Massachusetts Building Authority, Series 2020 1, RB |
5.00% | 11/01/2033 | 40 | 42,856 | ||||||||||||
| University of Massachusetts Building Authority, Series 2020 1, RB |
5.00% | 11/01/2034 | 55 | 58,340 | ||||||||||||
| University of Massachusetts Building Authority, Series 2020 1, RB |
5.00% | 11/01/2050 | 265 | 268,222 | ||||||||||||
|
|
|
|||||||||||||||
| 8,086,020 | ||||||||||||||||
|
|
|
|||||||||||||||
| Michigan-1.89% |
||||||||||||||||
| Detroit City School District, Series 2001 A, GO Bonds, (INS - AGI)(b) |
6.00% | 05/01/2029 | 350 | 374,951 | ||||||||||||
| Detroit City School District, Series 2005 A, Ref. GO Bonds, (INS - AGI)(b) |
5.25% | 05/01/2029 | 115 | 124,674 | ||||||||||||
| Great Lakes Water Authority, Series 2018 B, Ref. RB |
5.00% | 07/01/2029 | 105 | 113,057 | ||||||||||||
| Great Lakes Water Authority, Series 2024 A, Ref. RB |
5.00% | 07/01/2029 | 70 | 75,399 | ||||||||||||
| Lansing (City of), MI Board of Water & Light, Series 2019 A, RB |
5.00% | 07/01/2044 | 285 | 289,038 | ||||||||||||
| Lansing (City of), MI Board of Water & Light, Series 2019 A, RB |
5.00% | 07/01/2048 | 145 | 146,259 | ||||||||||||
| Michigan (State of), Series 2020 B, RB |
5.00% | 11/15/2029 | 240 | 261,836 | ||||||||||||
| Michigan (State of), Series 2023, RB |
5.00% | 11/15/2029 | 205 | 223,651 | ||||||||||||
| Michigan (State of) Building Authority (Facilities Program), Series 2019, Ref. RB |
5.00% | 04/15/2036 | 375 | 390,343 | ||||||||||||
| Michigan (State of) Building Authority (Facilities Program), Series 2023 II, Ref. RB |
5.00% | 10/15/2029 | 25 | 27,111 | ||||||||||||
| Michigan (State of) Finance Authority, Series 2019 A, Ref. RB |
5.00% | 12/01/2041 | 190 | 193,037 | ||||||||||||
| Michigan (State of) Finance Authority (Beaumont Health Credit Group), Series 2022, Ref. RB |
5.00% | 04/15/2029 | 85 | 90,604 | ||||||||||||
| Michigan (State of) Finance Authority (CHE Trinity Health Credit Group), Series 2013 MI-4, Ref. RB |
5.00% | 12/01/2039 | 115 | 118,570 | ||||||||||||
| Michigan (State of) Finance Authority (Henry Ford Health System), Series 2019 A, RB |
5.00% | 11/15/2048 | 70 | 68,651 | ||||||||||||
| Michigan (State of) Finance Authority (Trinity Health Credit Group), Series 2013, Ref. RB |
4.00% | 12/01/2035 | 320 | 313,551 | ||||||||||||
| Michigan (State of) Finance Authority (Trinity Health Credit Group), Series 2013, Ref. RB |
4.00% | 12/01/2036 | 130 | 125,716 | ||||||||||||
| Michigan (State of) Finance Authority (Trinity Health Credit Group), Series 2013, Ref. RB |
4.00% | 12/01/2038 | 220 | 205,831 | ||||||||||||
| Michigan State University Board of Trustees, Series 2019 B, RB |
5.00% | 02/15/2048 | 385 | 387,467 | ||||||||||||
| Michigan State University Board of Trustees, Series 2023 A, Ref. RB |
5.00% | 08/15/2029 | 95 | 102,892 | ||||||||||||
|
|
|
|||||||||||||||
| 3,632,638 | ||||||||||||||||
|
|
|
|||||||||||||||
| Minnesota-1.30% |
||||||||||||||||
| Metropolitan Council, Series 2021 C, GO Bonds |
5.00% | 12/01/2029 | 120 | 130,690 | ||||||||||||
| Minnesota (State of), Series 2018 A, GO Bonds |
5.00% | 08/01/2029 | 75 | 79,520 | ||||||||||||
| Minnesota (State of), Series 2019 A, GO Bonds |
5.00% | 08/01/2029 | 5 | 5,425 | ||||||||||||
| Minnesota (State of), Series 2019 A, GO Bonds |
5.00% | 08/01/2031 | 30 | 32,332 | ||||||||||||
| Minnesota (State of), Series 2019 A, GO Bonds |
5.00% | 08/01/2032 | 120 | 128,788 | ||||||||||||
| Minnesota (State of), Series 2019 A, GO Bonds |
5.00% | 08/01/2033 | 80 | 85,556 | ||||||||||||
| Minnesota (State of), Series 2019 A, GO Bonds |
5.00% | 08/01/2034 | 165 | 175,826 | ||||||||||||
| Minnesota (State of), Series 2019 A, GO Bonds |
5.00% | 08/01/2036 | 360 | 380,205 | ||||||||||||
| Minnesota (State of), Series 2019 A, GO Bonds |
5.00% | 08/01/2037 | 150 | 157,752 | ||||||||||||
| Minnesota (State of), Series 2019 A, GO Bonds |
5.00% | 08/01/2039 | 35 | 36,492 | ||||||||||||
| Minnesota (State of), Series 2020 A, GO Bonds |
5.00% | 08/01/2029 | 95 | 103,067 | ||||||||||||
| Minnesota (State of), Series 2021 A, GO Bonds |
5.00% | 09/01/2029 | 460 | 499,694 | ||||||||||||
| Minnesota (State of), Series 2021 B, GO Bonds |
5.00% | 09/01/2029 | 75 | 81,629 | ||||||||||||
| Minnesota (State of), Series 2022 A, Ref. RB |
5.00% | 03/01/2029 | 5 | 5,372 | ||||||||||||
| Minnesota (State of), Series 2024 D, Ref. GO Bonds |
5.00 | % | 08/01/2029 | 130 | 141,039 | |||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 Municipal Bond ETF (BSMT)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Minnesota-(continued) |
||||||||||||||
| Minnesota (State of) Public Facilities Authority, Series 2023 B, RB |
5.00% | 03/01/2029 | $ | 25 | $ | 26,955 | ||||||||
| Rochester (City of), MN (Mayo Clinic), Series 2016 B, Ref. RB |
5.00% | 11/15/2029 | 80 | 86,755 | ||||||||||
| St. Cloud (City of), MN (CentraCare Health System), Series 2019, Ref. RB |
5.00% | 05/01/2048 | 250 | 244,651 | ||||||||||
| University of Minnesota, Series 2019 A, RB |
5.00% | 04/01/2044 | 90 | 91,627 | ||||||||||
|
|
|
|||||||||||||
| 2,493,375 | ||||||||||||||
|
|
|
|||||||||||||
| Mississippi-0.18% |
||||||||||||||
| Mississippi (State of), Series 2019 B, GO Bonds |
5.00% | 10/01/2033 | 250 | 267,030 | ||||||||||
| Mississippi (State of), Series 2019 B, GO Bonds |
4.00% | 10/01/2036 | 45 | 44,420 | ||||||||||
| Mississippi (State of), Series 2019 B, GO Bonds |
4.00% | 10/01/2037 | 30 | 29,478 | ||||||||||
| Mississippi (State of) Development Bank (Desoto County Mississippi Highway Refunding), Series 2024 A, Ref. RB |
5.00% | 01/01/2029 | 10 | 10,657 | ||||||||||
|
|
|
|||||||||||||
| 351,585 | ||||||||||||||
|
|
|
|||||||||||||
| Missouri-0.48% |
||||||||||||||
| Curators of the University of Missouri (The), Series 2024, Ref. RB |
5.00% | 11/01/2029 | 20 | 21,746 | ||||||||||
| Hazelwood School District, Series 2017 A, Ref. GO Bonds |
3.00% | 03/01/2029 | 70 | 69,958 | ||||||||||
| Jackson County Reorganized School District No. 7, Series 2020, Ref. GO Bonds |
4.00% | 03/01/2031 | 110 | 113,089 | ||||||||||
| Jackson County Reorganized School District No. 7, Series 2020, Ref. GO Bonds |
4.00% | 03/01/2038 | 15 | 14,815 | ||||||||||
| Missouri (State of) Health & Educational Facilities Authority (Mercy Health), Series 2018 A, Ref. RB |
5.00% | 06/01/2029 | 105 | 111,019 | ||||||||||
| Missouri (State of) Health & Educational Facilities Authority (SSM Health Care), Series 2022 A, RB |
5.00% | 06/01/2029 | 65 | 69,025 | ||||||||||
| Missouri (State of) Highway & Transportation Commission, Series 2022 A, RB |
5.00% | 05/01/2029 | 50 | 54,016 | ||||||||||
| Missouri (State of) Joint Municipal Electric Utility Commission (Prairie State), Series 2025, Ref. RB |
5.00% | 12/01/2029 | 30 | 32,436 | ||||||||||
| Springfield School District No. R-12, Series 2017, Ref. GO Bonds |
4.00% | 03/01/2029 | 50 | 51,251 | ||||||||||
| Springfield School District No. R-12, Series 2019, GO Bonds |
4.00% | 03/01/2035 | 60 | 60,789 | ||||||||||
| Springfield School District No. R-12, Series 2019, GO Bonds |
5.00% | 03/01/2036 | 300 | 313,249 | ||||||||||
| Springfield School District No. R-12, Series 2019, GO Bonds |
5.00% | 03/01/2037 | 10 | 10,398 | ||||||||||
| St. Louis (City of), MO, Series 2005, RB, (INS - NATL)(b) |
5.50% | 07/01/2029 | 10 | 10,934 | ||||||||||
|
|
|
|||||||||||||
| 932,725 | ||||||||||||||
|
|
|
|||||||||||||
| Nebraska-0.39% |
||||||||||||||
| Omaha (City of), NE Public Power District, Series 2018 A, RB |
5.00% | 02/01/2029 | 205 | 216,571 | ||||||||||
| Omaha (City of), NE Public Power District, Series 2019 A, RB |
5.00% | 02/01/2031 | 40 | 42,776 | ||||||||||
| Omaha (City of), NE Public Power District, Series 2019 A, RB |
5.00% | 02/01/2032 | 115 | 122,576 | ||||||||||
| Omaha (City of), NE Public Power District, Series 2019 A, RB |
5.00% | 02/01/2033 | 310 | 329,221 | ||||||||||
| Public Power Generation Agency (Whelan Energy Center Unit 2), Series 2024, Ref. RB |
5.00% | 01/01/2029 | 30 | 32,047 | ||||||||||
|
|
|
|||||||||||||
| 743,191 | ||||||||||||||
|
|
|
|||||||||||||
| Nevada-1.08% |
||||||||||||||
| Clark (County of), NV, Series 2020 C, Ref. RB |
5.00% | 07/01/2029 | 130 | 140,235 | ||||||||||
| Clark (County of), NV (Las Vegas McCarran International Airport), Series 2019, Ref. RB |
5.00% | 07/01/2029 | 55 | 59,221 | ||||||||||
| Clark (County of), NV (Las Vegas McCarran International Airport), Series 2019, Ref. RB |
5.00% | 07/01/2031 | 140 | 149,282 | ||||||||||
| Clark (County of), NV (Las Vegas McCarran International Airport), Series 2019, Ref. RB |
5.00% | 07/01/2032 | 100 | 106,318 | ||||||||||
| Clark (County of), NV (Las Vegas McCarran International Airport), Series 2019, Ref. RB |
5.00% | 07/01/2033 | 35 | 37,082 | ||||||||||
| Clark (County of), NV Department of Aviation, Series 2019 B, Ref. RB |
5.00% | 07/01/2029 | 95 | 102,290 | ||||||||||
| Clark (County of), NV Department of Aviation, Series 2019 B, Ref. RB |
5.00% | 07/01/2031 | 215 | 229,255 | ||||||||||
| Clark (County of), NV Department of Aviation, Series 2019 B, Ref. RB |
5.00% | 07/01/2032 | 85 | 90,370 | ||||||||||
| Clark (County of), NV Department of Aviation, Series 2019 B, Ref. RB |
5.00% | 07/01/2033 | 5 | 5,298 | ||||||||||
| Clark (County of), NV Department of Aviation, Series 2019 B, Ref. RB |
5.00% | 07/01/2034 | 40 | 42,232 | ||||||||||
| Clark (County of), NV Department of Aviation, Series 2019 B, Ref. RB |
5.00% | 07/01/2035 | 130 | 136,724 | ||||||||||
| Clark (County of), NV Department of Aviation, Series 2019 B, Ref. RB |
5.00% | 07/01/2041 | 30 | 30,551 | ||||||||||
| Clark (County of), NV Department of Aviation, Series 2019 B, Ref. RB |
5.00% | 07/01/2042 | 10 | 10,127 | ||||||||||
| Clark (County of), NV Department of Aviation, Series 2019 D, Ref. RB |
5.00% | 07/01/2031 | 35 | 37,321 | ||||||||||
| Clark (County of), NV Department of Aviation, Series 2019 D, Ref. RB |
5.00% | 07/01/2032 | 235 | 249,847 | ||||||||||
| Clark (County of), NV Department of Aviation, Series 2024 A, Ref. RB |
5.00% | 07/01/2029 | 40 | 43,069 | ||||||||||
| Clark (County of), NV Department of Aviation, Series 2024 B, RN |
5.00% | 07/01/2029 | 210 | 226,114 | ||||||||||
| Humboldt (County of), NV, Series 2016, Ref. RB |
3.55% | 10/01/2029 | 245 | 246,424 | ||||||||||
| Las Vegas Valley Water District, Series 2021 C, GO Bonds |
5.00% | 06/01/2029 | 55 | 59,367 | ||||||||||
| Washoe (County of), NV (Fuel Tax), Series 2018, Ref. RB |
5.00% | 02/01/2042 | 85 | 86,408 | ||||||||||
|
|
|
|||||||||||||
| 2,087,535 | ||||||||||||||
|
|
|
|||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 Municipal Bond ETF (BSMT)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| New Jersey-2.64% |
||||||||||||||
| Cherry Hill Township School District, Series 2022, GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 08/01/2035 | $ | 10 | $ | 10,116 | ||||||||
| Cherry Hill Township School District, Series 2022, GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 08/01/2037 | 10 | 9,965 | ||||||||||
| Cherry Hill Township School District, Series 2022, GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 08/01/2038 | 250 | 245,271 | ||||||||||
| Gloucester (County of), NJ Improvement Authority (The) (Rowan University), Series 2019, RB |
5.00% | 07/01/2044 | 25 | 25,456 | ||||||||||
| New Jersey (State of), Series 2020 A, GO Bonds |
5.00% | 06/01/2029 | 540 | 581,819 | ||||||||||
| New Jersey (State of), Series 2021, GO Bonds |
2.00% | 06/01/2029 | 250 | 233,060 | ||||||||||
| New Jersey (State of) Economic Development Authority, Series 2005 N-1, Ref. RB, (INS - NATL)(b) |
5.50% | 09/01/2029 | 115 | 125,842 | ||||||||||
| New Jersey (State of) Economic Development Authority, Series 2019 MMM, Ref. RB |
5.00% | 06/15/2033 | 250 | 264,185 | ||||||||||
| New Jersey (State of) Economic Development Authority, Series 2019 MMM, Ref. RB |
5.00% | 06/15/2034 | 560 | 588,101 | ||||||||||
| New Jersey (State of) Economic Development Authority, Series 2019 MMM, Ref. RB |
4.00% | 06/15/2035 | 5 | 4,923 | ||||||||||
| New Jersey (State of) Economic Development Authority, Series 2019, RB |
5.00% | 06/15/2039 | 35 | 35,657 | ||||||||||
| New Jersey (State of) Economic Development Authority, Series 2019, RB |
5.00% | 06/15/2044 | 250 | 250,303 | ||||||||||
| New Jersey (State of) Economic Development Authority, Series 2019, Ref. RB |
4.00% | 06/15/2036 | 10 | 9,654 | ||||||||||
| New Jersey (State of) Economic Development Authority, Series 2020, RB |
5.00% | 11/01/2031 | 35 | 37,249 | ||||||||||
| New Jersey (State of) Economic Development Authority, Series 2020, RB |
5.00% | 11/01/2033 | 20 | 21,056 | ||||||||||
| New Jersey (State of) Economic Development Authority, Series 2020, RB |
5.00% | 11/01/2034 | 20 | 20,925 | ||||||||||
| New Jersey (State of) Economic Development Authority (Transit Transportation), Series 2020, RB |
5.00% | 11/01/2029 | 45 | 48,336 | ||||||||||
| New Jersey (State of) Economic Development Authority (Transit Transportation), Series 2020, RB |
5.00% | 11/01/2032 | 40 | 42,350 | ||||||||||
| New Jersey (State of) Economic Development Authority (Transit Transportation), Series 2020, RB |
5.00% | 11/01/2044 | 225 | 225,111 | ||||||||||
| New Jersey (State of) Educational Facilities Authority, Series 2024, Ref. RB |
5.00% | 03/01/2029 | 80 | 86,048 | ||||||||||
| New Jersey (State of) Health Care Facilities Financing Authority (AHS Hospital Corp.), Series 2024, Ref. RB |
5.00% | 07/01/2029 | 95 | 102,328 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2014, RB |
5.00% | 06/15/2029 | 25 | 26,498 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2018 A, Ref. RB |
5.00% | 12/15/2029 | 185 | 195,502 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2019, Ref. RB |
5.00% | 12/15/2031 | 30 | 31,947 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2019, Ref. RB |
5.00% | 12/15/2032 | 55 | 58,187 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2019, Ref. RB |
5.00% | 12/15/2033 | 100 | 105,049 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2019, Ref. RB |
5.00% | 12/15/2039 | 290 | 295,451 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2021 A, Ref. RB |
5.00% | 06/15/2029 | 110 | 117,679 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2022 AA, Ref. RB |
5.00% | 06/15/2029 | 20 | 21,396 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2023 AA, Ref. RB |
5.00% | 06/15/2029 | 90 | 96,280 | ||||||||||
| New Jersey (State of) Turnpike Authority, Series 2005 A, Ref. RB, (INS - AGI)(b) |
5.25% | 01/01/2029 | 120 | 129,621 | ||||||||||
| New Jersey (State of) Turnpike Authority, Series 2017 B, Ref. RB |
5.00% | 01/01/2029 | 20 | 20,974 | ||||||||||
| New Jersey (State of) Turnpike Authority, Series 2017 E, Ref. RB |
5.00% | 01/01/2029 | 100 | 104,871 | ||||||||||
| New Jersey (State of) Turnpike Authority, Series 2019 A, RB |
5.00% | 01/01/2048 | 555 | 560,680 | ||||||||||
| New Jersey (State of) Turnpike Authority, Series 2022 C, Ref. RB |
5.00% | 01/01/2029 | 300 | 320,253 | ||||||||||
| South Jersey Transportation Authority, Series 2019 A, Ref. RB, (INS - AGI)(b) |
5.00% | 11/01/2029 | 20 | 21,431 | ||||||||||
|
|
|
|||||||||||||
| 5,073,574 | ||||||||||||||
|
|
|
|||||||||||||
| New Mexico-0.60% |
||||||||||||||
| Farmington (City of), NM (Four Corners), Series 2011, Ref. RB |
1.80% | 04/01/2029 | 20 | 18,019 | ||||||||||
| New Mexico (State of), Series 2023, GO Bonds |
5.00% | 03/01/2029 | 95 | 102,217 | ||||||||||
| New Mexico (State of) Finance Authority, Series 2018 A, Ref. RB |
5.00% | 06/15/2029 | 115 | 121,673 | ||||||||||
| New Mexico (State of) Finance Authority, Series 2021 A, RB |
5.00% | 06/15/2029 | 200 | 216,003 | ||||||||||
| New Mexico (State of) Hospital Equipment Loan Council (Presbyterian Healthcare), Series 2019 A, RB |
5.00% | 08/01/2044 | 310 | 307,048 | ||||||||||
| New Mexico (State of) Severance Tax Permanent Fund, Series 2021 A, RB |
5.00% | 07/01/2029 | 195 | 210,742 | ||||||||||
| New Mexico (State of) Severance Tax Permanent Fund, Series 2022 A, RB |
5.00% | 07/01/2029 | 15 | 16,211 | ||||||||||
| New Mexico (State of) Severance Tax Permanent Fund, Series 2022 B, RB |
5.00% | 07/01/2029 | 155 | 167,513 | ||||||||||
|
|
|
|||||||||||||
| 1,159,426 | ||||||||||||||
|
|
|
|||||||||||||
| New York-15.89% |
||||||||||||||
| Battery Park (City of), NY Authority, Series 2019 B, Ref. RB |
5.00% | 11/01/2038 | 370 | 388,727 | ||||||||||
| Battery Park (City of), NY Authority, Series 2019 B, Ref. RB |
5.00% | 11/01/2039 | 50 | 52,300 | ||||||||||
| Battery Park (City of), NY Authority, Series 2019 B, Ref. RB |
5.00% | 11/01/2040 | 45 | 46,958 | ||||||||||
| Battery Park (City of), NY Authority, Series 2023 B, Ref. RB |
5.00% | 11/01/2029 | 105 | 115,401 | ||||||||||
| Battery Park (City of), NY Authority (Green Bonds), Series 2019 A, RB |
5.00% | 11/01/2049 | 15 | 15,324 | ||||||||||
| Long Island (City of), NY Power Authority, Series 2003 C, RB, (INS - AGI)(b) |
5.25% | 09/01/2029 | 180 | 193,899 | ||||||||||
| Long Island (City of), NY Power Authority, Series 2018, RB |
5.00% | 09/01/2029 | 35 | 37,081 | ||||||||||
| Long Island (City of), NY Power Authority, Series 2023 F, Ref. RB |
5.00% | 09/01/2029 | 25 | 27,136 | ||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2019 C, RB |
5.00% | 11/15/2038 | 90 | 92,605 | ||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2019 C, RB |
5.00% | 11/15/2039 | 130 | 133,119 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 Municipal Bond ETF (BSMT)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| New York-(continued) |
||||||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2019 C, RB |
5.00% | 11/15/2040 | $ | 105 | $ | 107,196 | ||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2019 C, RB |
5.00% | 11/15/2042 | 170 | 172,143 | ||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2019 C, RB, (INS - BAM)(b) |
5.00% | 11/15/2043 | 10 | 10,210 | ||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2019 C, RB, (INS - BAM)(b) |
5.00% | 11/15/2044 | 125 | 127,392 | ||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2020 E, Ref. RB |
5.00% | 11/15/2029 | 75 | 80,298 | ||||||||||
| Nassau (County of), NY Interim Finance Authority, Series 2024 A, RB |
5.00% | 11/15/2029 | 95 | 104,269 | ||||||||||
| Nassau Health Care Corp., Series 2009, Ref. RB |
5.00% | 08/01/2029 | 50 | 54,225 | ||||||||||
| New York & New Jersey (States of) Port Authority, Series 2019, RB |
4.00% | 11/01/2038 | 15 | 14,559 | ||||||||||
| New York & New Jersey (States of) Port Authority, Series 2019, Ref. RB |
5.00% | 09/01/2034 | 40 | 42,393 | ||||||||||
| New York & New Jersey (States of) Port Authority, Series 2019, Ref. RB |
4.00% | 09/01/2038 | 5 | 4,862 | ||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Ninth Series 2018, Ref. RB |
5.00% | 07/15/2029 | 40 | 42,263 | ||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Seventeenth Series 2019, RB |
5.00% | 11/01/2033 | 50 | 53,315 | ||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Seventeenth Series 2019, RB |
5.00% | 11/01/2034 | 15 | 15,917 | ||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Seventeenth Series 2019, RB |
5.00% | 11/01/2036 | 205 | 215,402 | ||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Seventeenth Series 2019, RB |
4.00% | 11/01/2039 | 45 | 43,196 | ||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Seventeenth Series 2019, RB |
5.00% | 11/01/2044 | 220 | 224,537 | ||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Thirteenth Series 2019, Ref. RB |
5.00% | 09/01/2031 | 250 | 268,583 | ||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Thirteenth Series 2019, Ref. RB |
5.00% | 09/01/2033 | 130 | 138,405 | ||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Thirteenth Series 2019, Ref. RB |
5.00% | 09/01/2035 | 35 | 36,905 | ||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Twelfth Series 2019, Ref. RB |
5.00% | 09/01/2032 | 55 | 58,835 | ||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Twelfth Series 2019, Ref. RB |
5.00% | 09/01/2035 | 50 | 52,721 | ||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Twelfth Series 2019, Ref. RB |
4.00% | 09/01/2037 | 25 | 24,597 | ||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Twelfth Series 2019, Ref. RB |
4.00% | 09/01/2039 | 345 | 333,206 | ||||||||||
| New York (City of), NY, Series 2005-1, GO Bonds |
5.00% | 09/01/2029 | 25 | 27,064 | ||||||||||
| New York (City of), NY, Series 2019 B-1, GO Bonds |
5.00% | 10/01/2031 | 1,165 | 1,244,713 | ||||||||||
| New York (City of), NY, Series 2019 B-1, GO Bonds |
5.00% | 10/01/2032 | 60 | 63,847 | ||||||||||
| New York (City of), NY, Series 2019 B-1, GO Bonds |
5.00% | 10/01/2033 | 40 | 42,377 | ||||||||||
| New York (City of), NY, Series 2019 B-1, GO Bonds |
5.00% | 10/01/2034 | 170 | 179,490 | ||||||||||
| New York (City of), NY, Series 2019 B-1, GO Bonds |
4.00% | 10/01/2035 | 45 | 44,841 | ||||||||||
| New York (City of), NY, Series 2019 B-1, GO Bonds |
4.00% | 10/01/2037 | 10 | 9,769 | ||||||||||
| New York (City of), NY, Series 2019 B-1, GO Bonds |
4.00% | 10/01/2040 | 5 | 4,687 | ||||||||||
| New York (City of), NY, Series 2019 B-1, GO Bonds |
5.00% | 10/01/2043 | 30 | 30,531 | ||||||||||
| New York (City of), NY, Series 2019 E, Ref. GO Bonds |
5.00% | 08/01/2029 | 30 | 31,966 | ||||||||||
| New York (City of), NY, Series 2019 E, Ref. GO Bonds |
5.00% | 08/01/2030 | 75 | 79,619 | ||||||||||
| New York (City of), NY, Series 2019 E, Ref. GO Bonds |
5.00% | 08/01/2031 | 65 | 68,833 | ||||||||||
| New York (City of), NY, Series 2019 E, Ref. GO Bonds |
5.00% | 08/01/2032 | 30 | 31,662 | ||||||||||
| New York (City of), NY, Series 2019 E, Ref. GO Bonds |
5.00% | 08/01/2033 | 110 | 115,652 | ||||||||||
| New York (City of), NY, Series 2019 E, Ref. GO Bonds |
5.00% | 08/01/2034 | 215 | 225,402 | ||||||||||
| New York (City of), NY, Series 2020 A-1, Ref. GO Bonds |
5.00% | 08/01/2029 | 55 | 59,468 | ||||||||||
| New York (City of), NY, Series 2020 B-1, Ref. GO Bonds |
5.00% | 11/01/2029 | 10 | 10,834 | ||||||||||
| New York (City of), NY, Series 2020 C, GO Bonds |
5.00% | 08/01/2029 | 30 | 32,437 | ||||||||||
| New York (City of), NY, Series 2020 C-1, Ref. GO Bonds |
5.00% | 08/01/2029 | 70 | 75,687 | ||||||||||
| New York (City of), NY, Series 2021-1, GO Bonds |
5.00% | 08/01/2029 | 80 | 86,499 | ||||||||||
| New York (City of), NY, Series 2022 A-1, GO Bonds |
5.00% | 09/01/2029 | 60 | 64,952 | ||||||||||
| New York (City of), NY, Series 2022 B-1, Ref. GO Bonds |
5.00% | 08/01/2029 | 50 | 54,062 | ||||||||||
| New York (City of), NY, Series 2022 C, Ref. GO Bonds |
5.00% | 08/01/2029 | 430 | 464,932 | ||||||||||
| New York (City of), NY, Series 2023 C, Ref. GO Bonds |
5.00% | 08/01/2029 | 15 | 16,219 | ||||||||||
| New York (City of), NY, Series 2023 F-1, Ref. GO Bonds |
5.00% | 08/01/2029 | 125 | 135,155 | ||||||||||
| New York (City of), NY, Series 2023, A GO Bonds |
5.00% | 08/01/2029 | 5 | 5,406 | ||||||||||
| New York (City of), NY, Series 2024 A, GO Bonds |
5.00% | 08/01/2029 | 20 | 21,625 | ||||||||||
| New York (City of), NY, Series 2024 C, GO Bonds |
5.00% | 03/01/2029 | 45 | 48,352 | ||||||||||
| New York (City of), NY, Series 2024 D, GO Bonds |
5.00% | 04/01/2029 | 75 | 80,690 | ||||||||||
| New York (City of), NY, Subseries 2008 L-6, GO Bonds |
5.00% | 04/01/2031 | 235 | 249,634 | ||||||||||
| New York (City of), NY, Subseries 2019 A-1, GO Bonds |
5.00% | 08/01/2035 | 365 | 383,521 | ||||||||||
| New York (City of), NY, Subseries 2019 A-1, GO Bonds |
4.00% | 08/01/2037 | 440 | 431,000 | ||||||||||
| New York (City of), NY, Subseries 2019 A-1, GO Bonds |
4.00% | 08/01/2038 | 100 | 95,776 | ||||||||||
| New York (City of), NY, Subseries 2019 A-1, GO Bonds |
5.00% | 08/01/2039 | 235 | 242,646 | ||||||||||
| New York (City of), NY, Subseries 2019 A-1, GO Bonds |
5.00% | 08/01/2041 | 20 | 20,488 | ||||||||||
| New York (City of), NY, Subseries 2019 A-1, GO Bonds |
5.00% | 08/01/2043 | 335 | 340,721 | ||||||||||
| New York (City of), NY, Subseries 2020 B-1, GO Bonds |
5.00% | 10/01/2036 | 60 | 62,863 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 Municipal Bond ETF (BSMT)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| New York-(continued) |
||||||||||||||
| New York (City of), NY, Subseries 2022 B-1, GO Bonds |
5.00% | 10/01/2029 | $ | 10 | $ | 10,838 | ||||||||
| New York (City of), NY, Subseries 2024 C-1, GO Bonds |
5.00% | 09/01/2029 | 530 | 573,747 | ||||||||||
| New York (City of), NY Industrial Development Agency, Subseries 2019 FF-2, Ref. RB |
4.00% | 06/15/2036 | 10 | 9,949 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2019 BB-1, RB |
5.00% | 06/15/2049 | 200 | 202,211 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2019 CC, Ref. RB |
5.00% | 06/15/2029 | 150 | 162,896 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2019 CC-1, RB |
4.00% | 06/15/2040 | 500 | 480,827 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2019 CC-1, RB |
5.00% | 06/15/2044 | 105 | 106,734 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2019 CC-1, RB |
5.00% | 06/15/2049 | 10 | 10,111 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2019 CC-1, Ref. RB |
4.00% | 06/15/2039 | 5 | 4,840 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2019, Ref. RB |
4.00% | 06/15/2040 | 80 | 76,932 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2020 AA, Ref. RB |
5.00% | 06/15/2032 | 120 | 128,543 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2020 AA, Ref. RB |
5.00% | 06/15/2040 | 330 | 339,940 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2020 AA-2, RB |
5.00% | 06/15/2029 | 75 | 81,448 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2021 DD, Ref. RB |
5.00% | 06/15/2029 | 440 | 477,830 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Subseries 2019 EE, Ref. RB |
4.00% | 06/15/2040 | 260 | 250,030 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Subseries 2019 EE-2, Ref. RB |
5.00% | 06/15/2040 | 495 | 508,402 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Subseries 2019 FF-2, Ref. RB |
5.00% | 06/15/2033 | 35 | 37,080 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Subseries 2019 FF-2, Ref. RB |
5.00% | 06/15/2034 | 295 | 311,112 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Subseries 2019 FF-2, Ref. RB |
5.00% | 06/15/2035 | 125 | 131,182 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Subseries 2019 FF-2, Ref. RB |
5.00% | 06/15/2038 | 215 | 222,462 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Subseries 2019 FF-2, Ref. RB |
4.00% | 06/15/2041 | 90 | 84,840 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Subseries 2024 BB-2, Ref. RB |
5.00% | 06/15/2029 | 90 | 97,738 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2002 1, Ref. RB |
5.00% | 11/01/2029 | 365 | 396,078 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2010, RB |
5.00% | 05/01/2029 | 90 | 96,952 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2018 S-4A, Ref. RB |
5.00% | 07/15/2029 | 30 | 31,688 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2019 B-1, RB |
5.00% | 11/01/2035 | 860 | 901,016 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2019 B-1, RB |
4.00% | 11/01/2037 | 220 | 215,620 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2019 B-1, RB |
4.00% | 11/01/2038 | 210 | 203,946 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2019 C-1, RB |
5.00% | 11/01/2035 | 110 | 114,694 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2019 C-1, RB |
4.00% | 11/01/2036 | 25 | 24,770 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2019, RB |
4.00% | 11/01/2038 | 260 | 252,505 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2020, Ref. RB |
5.00% | 08/01/2029 | 100 | 108,124 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2020, Ref. RB |
5.00% | 11/01/2029 | 450 | 488,315 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2021 A-1, Ref. RB |
5.00% | 11/01/2029 | 40 | 43,406 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2021 F-1, Ref. RB |
5.00% | 11/01/2029 | 270 | 292,989 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022 A-1, RB |
5.00% | 08/01/2029 | 55 | 59,468 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022 B-1, Ref. RB |
5.00% | 11/01/2029 | 140 | 151,920 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022, Ref. RB |
5.00% | 07/15/2029 | 30 | 32,452 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022, Ref. RB |
5.00% | 11/01/2029 | 65 | 70,534 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023 E-1, Ref. RB |
5.00% | 11/01/2029 | 50 | 54,214 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023, RB |
5.00% | 05/01/2029 | 10 | 10,772 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023, RB |
5.00% | 05/01/2029 | 35 | 37,704 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2024 D, RB |
5.00% | 05/01/2029 | 5 | 5,386 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2024 D-1, Ref. RB |
5.00% | 11/01/2029 | 35 | 37,980 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2024 G-1, RB |
5.00% | 05/01/2029 | 15 | 16,159 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2025 E, RB |
5.00% | 11/01/2029 | 15 | 16,277 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2025, Ref. RB |
5.00% | 11/01/2029 | 10 | 10,843 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2012 A-6, RB |
5.00% | 08/01/2029 | 135 | 145,967 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2018 S-3, Ref. RB |
5.00% | 07/15/2029 | 115 | 121,470 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2019 A-2, RB |
5.00% | 05/01/2035 | 470 | 491,090 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2019 A-2, RB |
5.00% | 05/01/2036 | 40 | 41,634 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2019 A-2, RB |
5.00% | 05/01/2037 | 295 | 305,803 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2019 A-2, RB |
5.00% | 05/01/2039 | 115 | 118,103 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2019 A-2, RB |
5.00% | 05/01/2040 | 565 | 578,110 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2019 B-1, RB |
4.00% | 11/01/2040 | 20 | 18,875 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2021 S-1A, Ref. RB |
5.00% | 07/15/2029 | 35 | 37,861 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2024 A-1, Ref. RB |
5.00% | 11/01/2029 | 70 | 75,900 | ||||||||||
| New York (State of) Dormitory Authority, Series 2005 B, Ref. RB, (INS - AMBAC)(b) |
5.50% | 03/15/2029 | 15 | 16,377 | ||||||||||
| New York (State of) Dormitory Authority, Series 2019 A, RB |
5.00% | 07/01/2033 | 80 | 85,133 | ||||||||||
| New York (State of) Dormitory Authority, Series 2019 A, RB |
5.00% | 07/01/2035 | 230 | 242,603 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 Municipal Bond ETF (BSMT)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| New York-(continued) |
||||||||||||||
| New York (State of) Dormitory Authority, Series 2019 A, RB |
5.00% | 07/01/2036 | $ | 55 | $ | 57,756 | ||||||||
| New York (State of) Dormitory Authority, Series 2019 A, RB |
5.00% | 07/01/2037 | 210 | 219,475 | ||||||||||
| New York (State of) Dormitory Authority, Series 2019 A, RB |
5.00% | 07/01/2039 | 335 | 346,685 | ||||||||||
| New York (State of) Dormitory Authority, Series 2019 A, Ref. RB(a) |
5.00% | 03/15/2029 | 15 | 16,257 | ||||||||||
| New York (State of) Dormitory Authority, Series 2019 A, Ref. RB |
5.00% | 03/15/2032 | 350 | 370,815 | ||||||||||
| New York (State of) Dormitory Authority, Series 2019 A, Ref. RB |
5.00% | 03/15/2033 | 80 | 84,434 | ||||||||||
| New York (State of) Dormitory Authority, Series 2019 A, Ref. RB |
5.00% | 03/15/2035 | 350 | 366,309 | ||||||||||
| New York (State of) Dormitory Authority, Series 2019 A, Ref. RB |
5.00% | 03/15/2036 | 5 | 5,213 | ||||||||||
| New York (State of) Dormitory Authority, Series 2019 A, Ref. RB |
5.00% | 03/15/2037 | 225 | 233,603 | ||||||||||
| New York (State of) Dormitory Authority, Series 2019 A, Ref. RB |
5.00% | 03/15/2038 | 115 | 118,804 | ||||||||||
| New York (State of) Dormitory Authority, Series 2019 A, Ref. RB |
5.00% | 03/15/2041 | 490 | 499,886 | ||||||||||
| New York (State of) Dormitory Authority, Series 2019 A, Ref. RB |
5.00% | 03/15/2042 | 50 | 50,828 | ||||||||||
| New York (State of) Dormitory Authority, Series 2019 A, Ref. RB |
5.00% | 03/15/2043 | 100 | 101,484 | ||||||||||
| New York (State of) Dormitory Authority, Series 2019 A, Ref. RB |
5.00% | 03/15/2044 | 300 | 303,935 | ||||||||||
| New York (State of) Dormitory Authority, Series 2019 A, Ref. RB |
5.00% | 03/15/2045 | 30 | 30,353 | ||||||||||
| New York (State of) Dormitory Authority, Series 2019 A, Ref. RB |
5.00% | 03/15/2046 | 35 | 35,391 | ||||||||||
| New York (State of) Dormitory Authority, Series 2019, RB |
4.00% | 07/01/2032 | 265 | 271,565 | ||||||||||
| New York (State of) Dormitory Authority, Series 2019, RB |
5.00% | 07/01/2036 | 90 | 94,579 | ||||||||||
| New York (State of) Dormitory Authority, Series 2019, RB |
4.00% | 07/01/2037 | 205 | 203,607 | ||||||||||
| New York (State of) Dormitory Authority, Series 2019, RB |
4.00% | 07/01/2038 | 195 | 190,323 | ||||||||||
| New York (State of) Dormitory Authority, Series 2019, RB |
5.00% | 07/01/2039 | 420 | 434,650 | ||||||||||
| New York (State of) Dormitory Authority, Series 2020 A, RB, (INS - AGI)(b) |
5.00% | 10/01/2029 | 25 | 26,499 | ||||||||||
| New York (State of) Dormitory Authority, Series 2020 A, Ref. RB(a) |
5.00% | 03/15/2029 | 5 | 5,419 | ||||||||||
| New York (State of) Dormitory Authority, Series 2020 D, Ref. RB(a) |
5.00% | 02/15/2029 | 50 | 54,113 | ||||||||||
| New York (State of) Dormitory Authority, Series 2021 A, RB, (INS - AGI)(b) |
5.00% | 10/01/2029 | 10 | 10,805 | ||||||||||
| New York (State of) Dormitory Authority, Series 2021 A, RB, (INS - AGI)(b) |
5.00% | 10/01/2031 | 55 | 59,216 | ||||||||||
| New York (State of) Dormitory Authority, Series 2021 A, RB, (INS - AGI)(b) |
5.00% | 10/01/2032 | 75 | 80,486 | ||||||||||
| New York (State of) Dormitory Authority, Series 2021 A, RB, (INS - AGI)(b) |
5.00% | 10/01/2033 | 170 | 181,840 | ||||||||||
| New York (State of) Dormitory Authority, Series 2021 A, RB, (INS - AGI)(b) |
4.00% | 10/01/2034 | 10 | 10,053 | ||||||||||
| New York (State of) Dormitory Authority, Series 2021 A, Ref. RB |
5.00% | 03/15/2029 | 170 | 182,583 | ||||||||||
| New York (State of) Dormitory Authority, Series 2021, RB |
5.00% | 03/15/2029 | 30 | 32,220 | ||||||||||
| New York (State of) Dormitory Authority, Series 2022 A, Ref. RB(a) |
5.00% | 03/15/2029 | 40 | 43,353 | ||||||||||
| New York (State of) Dormitory Authority, Series 2023 A, Ref. RB |
5.00% | 03/15/2029 | 55 | 59,071 | ||||||||||
| New York (State of) Dormitory Authority, Series 2023 A-1, Ref. RB |
5.00% | 03/15/2029 | 85 | 91,703 | ||||||||||
| New York (State of) Dormitory Authority, Series 2023, RB, (INS - AGI)(b) |
5.00% | 10/01/2029 | 15 | 16,207 | ||||||||||
| New York (State of) Dormitory Authority, Series 2023, Ref. RB |
5.00% | 08/01/2029 | 15 | 16,323 | ||||||||||
| New York (State of) Dormitory Authority, Series 2024 A, RB, (INS - AGI)(b) |
5.00% | 10/01/2029 | 5 | 5,402 | ||||||||||
| New York (State of) Dormitory Authority, Series 2024 A, Ref. RB |
5.00% | 03/15/2029 | 40 | 42,961 | ||||||||||
| New York (State of) Dormitory Authority, Series 2024 B, Ref. RB |
5.00% | 03/15/2029 | 5 | 5,394 | ||||||||||
| New York (State of) Dormitory Authority (Bid Group 2), Series 2019 A, Ref. RB |
5.00% | 03/15/2031 | 385 | 409,227 | ||||||||||
| New York (State of) Dormitory Authority (Bid Group 3), Series 2019 A, Ref. RB |
5.00% | 03/15/2040 | 330 | 337,965 | ||||||||||
| New York (State of) Dormitory Authority (Bidding Group 2), Series 2019 A, Ref. RB |
5.00% | 03/15/2034 | 40 | 42,052 | ||||||||||
| New York (State of) Dormitory Authority (Memorial Sloan Kettering Cancer), Series 2019, RB |
5.00% | 07/01/2029 | 30 | 32,482 | ||||||||||
| New York (State of) Dormitory Authority (Memorial Sloan Kettering Cancer), Series 2019, RB |
5.00% | 07/01/2035 | 85 | 89,757 | ||||||||||
| New York (State of) Dormitory Authority (New York University), Series 2019 A, RB |
5.00% | 07/01/2029 | 35 | 37,798 | ||||||||||
| New York (State of) Dormitory Authority (New York University), Series 2019 A, RB |
5.00% | 07/01/2032 | 70 | 74,806 | ||||||||||
| New York (State of) Dormitory Authority (New York University), Series 2019 A, RB |
5.00% | 07/01/2034 | 170 | 180,139 | ||||||||||
| New York (State of) Dormitory Authority (New York University), Series 2019 A, RB |
5.00% | 07/01/2038 | 35 | 36,366 | ||||||||||
| New York (State of) Dormitory Authority (New York University), Series 2019 A, RB |
5.00% | 07/01/2042 | 15 | 15,361 | ||||||||||
| New York (State of) Dormitory Authority (Northwell Health Obligated Group), Series 2025, Ref. RB |
5.00% | 05/01/2029 | 5 | 5,337 | ||||||||||
| New York (State of) Dormitory Authority (Rochester Institute of Technology), Series 2019 A, RB |
5.00% | 07/01/2049 | 260 | 259,394 | ||||||||||
| New York (State of) Dormitory Authority (Rockefeller University), Series 2019 A, Ref. RB |
5.00% | 07/01/2035 | 505 | 533,261 | ||||||||||
| New York (State of) Dormitory Authority (Rockefeller University) (Green Bonds), Series 2019 B, RB |
5.00% | 07/01/2050 | 400 | 403,918 | ||||||||||
| New York (State of) Energy Research & Development Authority (New Yourk State
Electric & Gas Corp.), |
3.50% | 10/01/2029 | 55 | 54,222 | ||||||||||
| New York (State of) Power Authority (Green Transmission), Series 2022, RB, (INS - AGI)(b) |
5.00% | 11/15/2029 | 5 | 5,488 | ||||||||||
| New York (State of) Power Authority (Green Transmission), Series 2023, RB, (INS - AGI)(b) |
5.00% | 11/15/2029 | 15 | 16,464 | ||||||||||
| New York (State of) Thruway Authority, Series 2018 L, Ref. RB |
5.00% | 01/01/2029 | 15 | 15,708 | ||||||||||
| New York (State of) Thruway Authority, Series 2019 B, RB |
5.00% | 01/01/2029 | 125 | 134,319 | ||||||||||
| New York (State of) Thruway Authority, Series 2024 P, Ref. RB |
5.00% | 01/01/2029 | 10 | 10,745 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 Municipal Bond ETF (BSMT)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| New York-(continued) |
||||||||||||||
| New York (State of) Thruway Authority, Series 2024 Q, Ref. RB |
5.00% | 01/01/2029 | $ | 15 | $ | 16,118 | ||||||||
| New York (State of) Thruway Authority (Bidding Group 1), Series 2022 A, Ref. RB |
5.00% | 03/15/2029 | 110 | 118,387 | ||||||||||
| New York City Health and Hospitals Corp., Series 2021 A, Ref. RB |
5.00% | 02/15/2029 | 90 | 96,866 | ||||||||||
| New York City Transitional Finance Authority Future Tax Secured Revenue, Series 2010 F-5, RB |
5.00% | 02/01/2029 | 110 | 118,042 | ||||||||||
| New York City Transitional Finance Authority Future Tax Secured Revenue, Series 2019 B-1, RB |
4.00% | 11/01/2039 | 40 | 38,057 | ||||||||||
| New York City Transitional Finance Authority Future Tax Secured Revenue, Series 2019, RB |
5.00% | 11/01/2039 | 10 | 10,254 | ||||||||||
| New York Liberty Development Corp. (Green Bonds) (4 World Trade Center), Series 2021 A, Ref. RB |
1.45% | 11/15/2029 | 220 | 192,950 | ||||||||||
| New York State Environmental Facilities Corp., Series 2019 B, Ref. RB |
5.00% | 06/15/2029 | 15 | 16,284 | ||||||||||
| New York State Environmental Facilities Corp. (2010 Master Financing Program) (Green Bonds), Series 2019, RB |
5.00% | 08/15/2044 | 15 | 15,340 | ||||||||||
| New York State Environmental Facilities Corp. (2010 Master Financing Program) (Green Bonds), Series 2019, RB |
5.00% | 02/15/2049 | 10 | 10,163 | ||||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2019 B, Ref. RB |
5.00% | 06/15/2033 | 340 | 362,053 | ||||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2019 B, Ref. RB |
5.00% | 06/15/2034 | 45 | 47,719 | ||||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2019 B, Ref. RB |
5.00% | 06/15/2035 | 50 | 52,780 | ||||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2019 B, Ref. RB |
5.00% | 06/15/2036 | 75 | 78,852 | ||||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2019 B, Ref. RB |
4.00% | 06/15/2037 | 205 | 206,996 | ||||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2019 B, Ref. RB |
5.00% | 06/15/2044 | 70 | 71,504 | ||||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2023, Ref. RB |
5.00% | 06/15/2029 | 25 | 27,139 | ||||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2024, Ref. RB |
5.00% | 06/15/2029 | 5 | 5,428 | ||||||||||
| New York State Urban Development Corp., Series 2019 A, Ref. RB |
5.00% | 03/15/2035 | 170 | 180,553 | ||||||||||
| New York State Urban Development Corp., Series 2019 A, Ref. RB |
5.00% | 03/15/2036 | 410 | 432,763 | ||||||||||
| New York State Urban Development Corp., Series 2019 A, Ref. RB |
5.00% | 03/15/2038 | 155 | 161,120 | ||||||||||
| New York State Urban Development Corp., Series 2019 A, Ref. RB |
5.00% | 03/15/2039 | 10 | 10,316 | ||||||||||
| New York State Urban Development Corp., Series 2019 A, Ref. RB |
5.00% | 03/15/2040 | 330 | 338,147 | ||||||||||
| New York State Urban Development Corp., Series 2019 A, Ref. RB |
5.00% | 03/15/2041 | 45 | 45,824 | ||||||||||
| New York State Urban Development Corp., Series 2020 A, RB(a) |
5.00% | 03/15/2029 | 20 | 21,639 | ||||||||||
| New York State Urban Development Corp., Series 2020, Ref. RB |
5.00% | 03/15/2029 | 130 | 139,719 | ||||||||||
| New York State Urban Development Corp., Series 2022, Ref. RB |
5.00% | 09/15/2029 | 260 | 281,508 | ||||||||||
| New York State Urban Development Corp. (Bidding Group 1), Series 2023 A, RB |
5.00% | 03/15/2029 | 25 | 26,888 | ||||||||||
| New York State Urban Development Corp. (Bidding Group 4), Series 2020 E, Ref. RB |
5.00% | 03/15/2029 | 40 | 42,990 | ||||||||||
| New York Transportation Development Corp. (Termial 4 John F. Kennedy International Airport), Series 2020, Ref. RB |
5.00% | 12/01/2029 | 30 | 31,955 | ||||||||||
| Onondaga (County of), NY Trust for Cultural Resources (Syracuse University), Series 2019, Ref. RB |
5.00% | 12/01/2039 | 25 | 25,797 | ||||||||||
| Onondaga (County of), NY Trust for Cultural Resources (Syracuse University), Series 2019, Ref. RB |
5.00% | 12/01/2040 | 90 | 92,684 | ||||||||||
| Onondaga (County of), NY Trust for Cultural Resources (Syracuse University), Series 2019, Ref. RB |
4.00% | 12/01/2041 | 5 | 4,724 | ||||||||||
| Onondaga (County of), NY Trust for Cultural Resources (Syracuse University), Series 2019, Ref. RB |
5.00% | 12/01/2045 | 95 | 96,057 | ||||||||||
| Triborough Bridge & Tunnel Authority, Series 2018 B, Ref. RB |
5.00% | 11/15/2029 | 45 | 48,996 | ||||||||||
| Triborough Bridge & Tunnel Authority, Series 2022, Ref. RB |
5.00% | 11/15/2029 | 105 | 114,278 | ||||||||||
| Triborough Bridge & Tunnel Authority, Series 2025 B-2, RB |
5.00% | 03/15/2029 | 10 | 10,759 | ||||||||||
| Triborough Bridge & Tunnel Authority (Green Bonds), Series 2023, Ref. RB |
5.00% | 11/15/2029 | 50 | 54,418 | ||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2019 A, RB |
5.00% | 11/15/2049 | 100 | 101,025 | ||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2022, RB |
5.00% | 05/15/2029 | 290 | 313,262 | ||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2023, Ref. RB |
5.00% | 11/15/2029 | 40 | 43,552 | ||||||||||
| Triborough Bridge & Tunnel Authority (TBTA Capital Lockbox Fund), Series 2025, RB |
5.00% | 12/01/2029 | 35 | 38,103 | ||||||||||
|
|
|
|||||||||||||
| 30,570,247 | ||||||||||||||
|
|
|
|||||||||||||
| North Carolina-1.46% |
||||||||||||||
| Charlotte (City of), NC, Series 2018, Ref. RB |
5.00% | 07/01/2029 | 75 | 79,635 | ||||||||||
| Charlotte (City of), NC (Charlotte Douglas International Airport), Series 2019, RB |
4.00% | 07/01/2044 | 230 | 212,584 | ||||||||||
| Charlotte-Mecklenburg Hospital Authority (The) (Atrium Health), Series 2018 A, Ref. RB |
5.00% | 01/15/2033 | 55 | 58,072 | ||||||||||
| Charlotte-Mecklenburg Hospital Authority (The) (Atrium Health), Series 2022, Ref. RB |
5.00% | 01/15/2029 | 20 | 21,327 | ||||||||||
| Mecklenburg (County of), NC, Series 2022, GO Bonds |
5.00% | 09/01/2029 | 90 | 97,879 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 Municipal Bond ETF (BSMT)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| North Carolina-(continued) |
||||||||||||||
| North Carolina (State of), Series 2019 A, RB |
5.00% | 05/01/2031 | $ | 15 | $ | 16,042 | ||||||||
| North Carolina (State of), Series 2019 A, RB |
4.00% | 05/01/2033 | 60 | 60,542 | ||||||||||
| North Carolina (State of), Series 2019 B, GO Bonds |
4.00% | 06/01/2031 | 110 | 112,884 | ||||||||||
| North Carolina (State of), Series 2020 A, GO Bonds |
5.00% | 06/01/2029 | 15 | 16,256 | ||||||||||
| North Carolina (State of), Series 2021, RB |
5.00% | 03/01/2029 | 40 | 42,965 | ||||||||||
| North Carolina (State of) (Build North Carolina Programs), Series 2019 A, RB |
5.00% | 05/01/2029 | 215 | 232,187 | ||||||||||
| North Carolina (State of) (Build North Carolina Programs), Series 2019 A, RB |
5.00% | 05/01/2032 | 185 | 197,321 | ||||||||||
| North Carolina (State of) (Build North Carolina Programs), Series 2019 A, RB |
4.00% | 05/01/2034 | 170 | 171,329 | ||||||||||
| North Carolina (State of) (Build North Carolina Programs), Series 2020 B, RB |
5.00% | 05/01/2029 | 65 | 70,196 | ||||||||||
| North Carolina (State of) (Build North Carolina Programs), Series 2022 A, RB |
5.00% | 05/01/2029 | 120 | 129,593 | ||||||||||
| North Carolina (State of) (Garvee), Series 2019, RB |
5.00% | 03/01/2029 | 25 | 26,853 | ||||||||||
| North Carolina (State of) (Garvee), Series 2019, RB |
5.00% | 03/01/2031 | 155 | 165,096 | ||||||||||
| North Carolina (State of) (Garvee), Series 2019, RB |
5.00% | 03/01/2032 | 75 | 79,719 | ||||||||||
| North Carolina (State of) (Garvee), Series 2019, RB |
5.00% | 03/01/2033 | 70 | 74,176 | ||||||||||
| North Carolina (State of) (Garvee), Series 2019, RB |
5.00% | 03/01/2034 | 20 | 21,118 | ||||||||||
| North Carolina (State of) Turnpike Authority, Series 2018, Ref. RB |
5.00% | 01/01/2031 | 5 | 5,251 | ||||||||||
| North Carolina (State of) Turnpike Authority, Series 2018, Ref. RB, (INS - AGI)(b) |
5.00% | 01/01/2032 | 505 | 532,704 | ||||||||||
| North Carolina (State of) Turnpike Authority, Series 2018, Ref. RB, (INS - AGI)(b) |
5.00% | 01/01/2034 | 5 | 5,241 | ||||||||||
| North Carolina (State of) Turnpike Authority, Series 2018, Ref. RB, (INS - AGI)(b) |
5.00% | 01/01/2035 | 10 | 10,442 | ||||||||||
| North Carolina (State of) Turnpike Authority, Series 2018, Ref. RB, (INS - AGI)(b) |
5.00% | 01/01/2036 | 50 | 52,025 | ||||||||||
| Raleigh (City of), NC, Series 2024, Ref. RB |
5.00% | 10/01/2029 | 90 | 97,813 | ||||||||||
| Wake (County of), NC, Series 2021, RB |
5.00% | 03/01/2029 | 140 | 150,790 | ||||||||||
| Wake (County of), NC, Series 2023 A, Ref. GO Bonds |
5.00% | 05/01/2029 | 5 | 5,411 | ||||||||||
| Wake (County of), NC, Series 2024 B, Ref. GO Bonds |
5.00% | 09/01/2029 | 50 | 54,419 | ||||||||||
|
|
|
|||||||||||||
| 2,799,870 | ||||||||||||||
|
|
|
|||||||||||||
| Ohio-2.73% |
||||||||||||||
| Allen (County of), OH (Mercy Health), Series 2020, Ref. RB |
5.00% | 12/01/2029 | 245 | 263,079 | ||||||||||
| American Municipal Power, Inc. (Prairie State Energy Campus), Series 2020 A, Ref. RB |
5.00% | 02/15/2029 | 25 | 26,726 | ||||||||||
| American Municipal Power, Inc. (Prairie State Energy Campus), Series 2023, Ref. RB |
5.00% | 02/15/2029 | 5 | 5,345 | ||||||||||
| Cincinnati City School District (Classroom Construction & Improvement), Series 2006, Ref. GO Bonds, (INS - NATL)(b) |
5.25% | 12/01/2029 | 45 | 49,301 | ||||||||||
| Columbus (City of), OH, Series 2018 A, GO Bonds |
5.00% | 04/01/2029 | 50 | 52,789 | ||||||||||
| Columbus (City of), OH, Series 2021 A, GO Bonds |
5.00% | 04/01/2029 | 85 | 91,898 | ||||||||||
| Columbus (City of), OH, Series 2023 A, GO Bonds |
5.00% | 08/15/2029 | 80 | 86,977 | ||||||||||
| Columbus (City of), OH, Series 2024 A, GO Bonds |
5.00% | 08/15/2029 | 5 | 5,438 | ||||||||||
| Montgomery (County of), OH (Premier Health Partners Obligated Group), Series 2019, Ref. RB |
5.00% | 11/15/2037 | 150 | 152,988 | ||||||||||
| Northeast Ohio Regional Sewer District, Series 2019, Ref. RB |
4.00% | 11/15/2036 | 40 | 39,882 | ||||||||||
| Northeast Ohio Regional Sewer District, Series 2019, Ref. RB |
4.00% | 11/15/2037 | 35 | 34,558 | ||||||||||
| Ohio (State of), Series 2019 A, GO Bonds |
5.00% | 06/15/2031 | 75 | 80,518 | ||||||||||
| Ohio (State of), Series 2019 A, GO Bonds |
5.00% | 06/15/2032 | 80 | 85,639 | ||||||||||
| Ohio (State of), Series 2019 A, GO Bonds |
5.00% | 06/15/2033 | 5 | 5,322 | ||||||||||
| Ohio (State of), Series 2019 A, GO Bonds |
5.00% | 06/15/2034 | 120 | 127,064 | ||||||||||
| Ohio (State of), Series 2019 A, GO Bonds |
5.00% | 06/15/2035 | 280 | 295,245 | ||||||||||
| Ohio (State of), Series 2019 A, GO Bonds |
5.00% | 06/15/2036 | 225 | 236,298 | ||||||||||
| Ohio (State of), Series 2019 A, GO Bonds |
5.00% | 06/15/2037 | 110 | 114,777 | ||||||||||
| Ohio (State of), Series 2019 A, GO Bonds |
5.00% | 06/15/2038 | 150 | 155,659 | ||||||||||
| Ohio (State of), Series 2019 A, GO Bonds |
5.00% | 06/15/2039 | 35 | 36,111 | ||||||||||
| Ohio (State of), Series 2019, RB |
4.00% | 01/01/2040 | 130 | 122,285 | ||||||||||
| Ohio (State of), Series 2019, RB |
4.00% | 01/01/2041 | 85 | 79,673 | ||||||||||
| Ohio (State of), Series 2019-1, RB |
5.00% | 12/15/2029 | 285 | 310,053 | ||||||||||
| Ohio (State of), Series 2021 B, Ref. GO Bonds |
5.00% | 09/15/2029 | 35 | 38,101 | ||||||||||
| Ohio (State of), Series 2021, RB |
5.00% | 02/01/2029 | 25 | 26,828 | ||||||||||
| Ohio (State of), Series 2025 A, GO Bonds |
5.00% | 06/15/2029 | 30 | 32,532 | ||||||||||
| Ohio (State of) (Cleveland Clinic Health System Obligated Group), Series 2017, Ref. RB |
5.00% | 01/01/2029 | 85 | 89,248 | ||||||||||
| Ohio (State of) (Cleveland Clinic Health System Obligated Group), Series 2019, RB |
4.00% | 01/01/2042 | 5 | 4,666 | ||||||||||
| Ohio (State of) (Cleveland Clinic Health System Obligated Group), Series 2021, Ref. RB |
5.00% | 01/01/2029 | 20 | 21,343 | ||||||||||
| Ohio (State of) Turnpike & Infrastructure Commission, Series 2022, Ref. RB |
5.00% | 02/15/2029 | 5 | 5,369 | ||||||||||
| Ohio (State of) Turnpike & Infrastructure Commission (Infrastructure), Series 2018 A, RB |
5.00% | 02/15/2029 | 150 | 157,886 | ||||||||||
| Ohio (State of) Water Development Authority, Series 2019 A, RB |
5.00% | 06/01/2029 | 220 | 236,423 | ||||||||||
| Ohio (State of) Water Development Authority, Series 2019, RB |
5.00% | 12/01/2029 | 205 | 221,488 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 Municipal Bond ETF (BSMT)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Ohio-(continued) |
||||||||||||||
| Ohio (State of) Water Development Authority (Fresh Water), Series 2019, RB |
5.00% | 12/01/2037 | $ | 115 | $ | 120,815 | ||||||||
| Ohio (State of) Water Development Authority (Fresh Water), Series 2019, RB |
5.00% | 12/01/2039 | 100 | 104,102 | ||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund), Series 2019 B, RB |
5.00% | 12/01/2035 | 505 | 535,301 | ||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund), Series 2019 B, RB |
5.00% | 12/01/2036 | 250 | 263,747 | ||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund), Series 2019 B, RB |
5.00% | 12/01/2037 | 240 | 251,226 | ||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund), Series 2019 B, RB |
5.00% | 12/01/2038 | 100 | 104,130 | ||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund), Series 2019 B, RB |
5.00% | 12/01/2039 | 150 | 155,590 | ||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund), Series 2019 B, RB |
5.00% | 12/01/2044 | 40 | 40,631 | ||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund), Series 2024 D, RB |
5.00% | 12/01/2029 | 125 | 136,026 | ||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund), Series 2024 E, RB |
5.00% | 12/01/2029 | 35 | 38,087 | ||||||||||
| Ohio State University (The), Series 2020 A, Ref. RB |
5.00% | 12/01/2029 | 150 | 163,495 | ||||||||||
| Ross (County of), OH (Adena Health System Obligated Group), Series 2019, Ref. RB |
5.00% | 12/01/2049 | 50 | 48,405 | ||||||||||
|
|
|
|||||||||||||
| 5,253,064 | ||||||||||||||
|
|
|
|||||||||||||
| Oklahoma-0.32% |
||||||||||||||
| Canadian (County of), OK Educational Facilities Authority (Mustang Public Schools), Series 2017, RB |
3.00% | 09/01/2029 | 50 | 48,657 | ||||||||||
| Canadian (County of), OK Educational Facilities Authority (Yukon Public Schools), Series 2023, RB |
5.00% | 09/01/2029 | 225 | 240,968 | ||||||||||
| Oklahoma (State of) Capitol Improvement Authority, Series 2024 A, Ref. RB |
5.00% | 07/01/2029 | 230 | 248,476 | ||||||||||
| Oklahoma (State of) Industries Authority (Oklahoma City Public Schools), Series 2024, RB |
5.00% | 04/01/2029 | 5 | 5,320 | ||||||||||
| Oklahoma (State of) Turnpike Authority, Series 2020 A, Ref. RB |
5.00% | 01/01/2029 | 75 | 80,090 | ||||||||||
|
|
|
|||||||||||||
| 623,511 | ||||||||||||||
|
|
|
|||||||||||||
| Oregon-1.27% |
||||||||||||||
| Multnomah (County of), OR, Series 2021 A, GO Bonds |
5.00% | 06/15/2029 | 190 | 205,731 | ||||||||||
| Multnomah County School District No. 1, Series 2020, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 06/15/2029 | 60 | 64,920 | ||||||||||
| Multnomah County School District No. 1, Series 2023, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 06/15/2029 | 60 | 64,920 | ||||||||||
| Oregon (State of) (Article XI-Q State), Series 2019 A, GO Bonds |
5.00% | 05/01/2032 | 115 | 122,837 | ||||||||||
| Oregon (State of) (Article XI-Q State), Series 2019 A, GO Bonds |
5.00% | 05/01/2033 | 150 | 159,354 | ||||||||||
| Oregon (State of) (Article XI-Q State), Series 2023 A, GO Bonds |
5.00% | 05/01/2029 | 320 | 345,703 | ||||||||||
| Oregon (State of) Department of Transportation, Series 2019 A, Ref. RB |
5.00% | 11/15/2035 | 5 | 5,296 | ||||||||||
| Oregon (State of) Department of Transportation, Series 2019 A, Ref. RB |
5.00% | 11/15/2036 | 170 | 179,229 | ||||||||||
| Oregon (State of) Department of Transportation, Series 2019 A, Ref. RB |
5.00% | 11/15/2037 | 15 | 15,731 | ||||||||||
| Oregon (State of) Department of Transportation, Series 2019 A, Ref. RB |
5.00% | 11/15/2038 | 35 | 36,497 | ||||||||||
| Oregon (State of) Department of Transportation, Series 2019 A, Ref. RB |
5.00% | 11/15/2039 | 10 | 10,384 | ||||||||||
| Oregon (State of) Department of Transportation, Series 2019 A, Ref. RB |
4.00% | 11/15/2042 | 55 | 52,167 | ||||||||||
| Oregon (State of) Department of Transportation, Series 2019 A, Ref. RB |
5.00% | 11/15/2042 | 250 | 256,306 | ||||||||||
| Oregon (State of) Department of Transportation, Series 2024 A, Ref. RB |
5.00% | 11/15/2029 | 140 | 152,309 | ||||||||||
| Portland (City of), OR, Series 2019 A, Ref. RB |
5.00% | 03/01/2029 | 90 | 96,937 | ||||||||||
| Portland (City of), OR, Series 2019 A, Ref. RB |
5.00% | 03/01/2033 | 195 | 208,261 | ||||||||||
| Portland (City of), OR, Series 2019 A, Ref. RB |
5.00% | 03/01/2034 | 120 | 127,799 | ||||||||||
| Salem Hospital Facility Authority (Salem Health), Series 2019, Ref. RB |
5.00% | 05/15/2044 | 250 | 249,790 | ||||||||||
| Salem-Keizer School District No. 24J, Series 2018, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 06/15/2029 | 5 | 5,266 | ||||||||||
| Washington & Clackamas Counties School District No. 23J Tigard-Tualatin, Series 2019 A, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 06/15/2039 | 15 | 15,510 | ||||||||||
| Washington & Clackamas Counties School District No. 23J Tigard-Tualatin, Series 2019 A, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 06/15/2040 | 75 | 77,339 | ||||||||||
|
|
|
|||||||||||||
| 2,452,286 | ||||||||||||||
|
|
|
|||||||||||||
| Pennsylvania-5.28% |
||||||||||||||
| Allegheny (County of), PA Hospital Development Authority (University of Pittsburgh Medical Center), Series 2019 A, Ref. RB |
5.00% | 07/15/2034 | 105 | 109,288 | ||||||||||
| Allegheny (County of), PA Hospital Development Authority (University of Pittsburgh Medical Center), Series 2019 A, Ref. RB |
4.00% | 07/15/2035 | 215 | 210,764 | ||||||||||
| Allegheny (County of), PA Hospital Development Authority (University of Pittsburgh Medical Center), Series 2019 A, Ref. RB |
4.00% | 07/15/2036 | 265 | 256,849 | ||||||||||
| Allegheny (County of), PA Hospital Development Authority (University of Pittsburgh Medical Center), Series 2019 A, Ref. RB |
4.00% | 07/15/2038 | 250 | 234,975 | ||||||||||
| Allegheny (County of), PA Hospital Development Authority (University of Pittsburgh Medical Center), Series 2019, Ref. RB |
5.00% | 07/15/2029 | 15 | 15,920 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 Municipal Bond ETF (BSMT)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Pennsylvania-(continued) |
||||||||||||||
| Allegheny (County of), PA Hospital Development Authority (University of Pittsburgh Medical Center), Series 2019, Ref. RB |
5.00% | 07/15/2032 | $ | 15 | $ | 15,711 | ||||||||
| Allegheny (County of), PA Hospital Development Authority (University of Pittsburgh Medical Center), Series 2019, Ref. RB |
5.00% | 07/15/2033 | 135 | 140,963 | ||||||||||
| Allegheny (County of), PA Port Authority, Series 2020, Ref. RB |
5.00% | 03/01/2029 | 75 | 80,394 | ||||||||||
| Armstrong School District, Series 2019 A, Ref. GO Bonds, (INS - BAM)(b) |
4.00% | 03/15/2041 | 50 | 46,838 | ||||||||||
| Delaware (State of) River Port Authority, Series 2018 A, RB |
5.00% | 01/01/2029 | 45 | 48,038 | ||||||||||
| Delaware (State of) River Port Authority, Series 2018 A, RB |
5.00% | 01/01/2032 | 45 | 47,687 | ||||||||||
| Delaware (State of) River Port Authority, Series 2018 A, RB |
5.00% | 01/01/2033 | 50 | 52,772 | ||||||||||
| Delaware (State of) River Port Authority, Series 2018 A, RB |
5.00% | 01/01/2034 | 100 | 105,186 | ||||||||||
| Delaware (State of) River Port Authority, Series 2018 A, RB |
5.00% | 01/01/2035 | 75 | 78,616 | ||||||||||
| Delaware (State of) River Port Authority, Series 2018 A, RB |
5.00% | 01/01/2036 | 160 | 167,048 | ||||||||||
| Delaware (State of) River Port Authority, Series 2018 A, RB |
5.00% | 01/01/2037 | 80 | 83,254 | ||||||||||
| Delaware (State of) River Port Authority, Series 2018 A, RB |
5.00% | 01/01/2038 | 40 | 41,475 | ||||||||||
| Delaware (State of) River Port Authority, Series 2018 A, RB |
5.00% | 01/01/2040 | 65 | 66,970 | ||||||||||
| Delaware Valley Regional Finance Authority, Series 2022 D, RB |
4.00% | 03/01/2029 | 5 | 5,125 | ||||||||||
| Lancaster (County of), PA Hospital Authority (Penn State Health), Series 2021, RB |
5.00% | 11/01/2046 | 5 | 4,986 | ||||||||||
| Lancaster (County of), PA Hospital Authority (Penn State Health), Series 2021, RB |
5.00% | 11/01/2051 | 600 | 583,445 | ||||||||||
| Lehigh (County of), PA (Lehigh Valley Health Network), Series 2019 A, Ref. RB |
5.00% | 07/01/2044 | 155 | 152,453 | ||||||||||
| Lehigh (County of), PA Industrial Development Authority (PPL Electric Utilities Corp.), Series 2016 A, Ref. RB |
3.00% | 09/01/2029 | 405 | 403,734 | ||||||||||
| Monroeville Finance Authority, Series 2022 B, Ref. RB |
5.00% | 02/15/2029 | 25 | 26,411 | ||||||||||
| Montgomery (County of), PA Higher Education & Health Authority (Thomas Jefferson University), Series 2019, Ref. RB |
5.00% | 09/01/2031 | 55 | 58,262 | ||||||||||
| Montgomery (County of), PA Higher Education & Health Authority (Thomas Jefferson University), Series 2019, Ref. RB |
5.00% | 09/01/2033 | 120 | 126,591 | ||||||||||
| Montgomery (County of), PA Industrial Development Authority (Constellation Energy Generation, LLC), Series 2023 B, Ref. RB |
4.10% | 06/01/2029 | 190 | 192,710 | ||||||||||
| North Allegheny School District, Series 2019, GO Bonds |
4.00% | 05/01/2044 | 200 | 183,373 | ||||||||||
| Pennsylvania (Commonwealth of), First Series 2021, GO Bonds |
5.00% | 05/15/2029 | 280 | 302,133 | ||||||||||
| Pennsylvania (Commonwealth of), First Series 2023, GO Bonds |
5.00% | 09/01/2029 | 225 | 243,853 | ||||||||||
| Pennsylvania (Commonwealth of), First Series 2023, Ref. GO Bonds |
5.00% | 09/01/2029 | 235 | 254,691 | ||||||||||
| Pennsylvania (Commonwealth of), Series 2019, Ref. GO Bonds |
5.00% | 07/15/2029 | 670 | 724,771 | ||||||||||
| Pennsylvania (Commonwealth of), Series 2022, GO Bonds |
5.00% | 10/01/2029 | 125 | 135,640 | ||||||||||
| Pennsylvania (Commonwealth of), Series 2024, GO Bonds |
5.00% | 08/15/2029 | 5 | 5,415 | ||||||||||
| Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (University of Pennsylvania Health System), Series 2019, RB |
5.00% | 08/15/2031 | 5 | 5,346 | ||||||||||
| Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (University of Pennsylvania Health System), Series 2019, RB |
5.00% | 08/15/2032 | 120 | 127,870 | ||||||||||
| Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (University of Pennsylvania Health System), Series 2019, RB |
5.00% | 08/15/2049 | 200 | 201,732 | ||||||||||
| Pennsylvania (Commonwealth of) Public School Building Authority (Philadelphia School District), Series 2006 B, RB, (INS - AGI)(b) |
5.00% | 06/01/2029 | 150 | 159,924 | ||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2019 A, RB |
5.00% | 12/01/2033 | 25 | 26,743 | ||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2019 A, RB |
5.00% | 12/01/2034 | 400 | 425,747 | ||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2019 A, RB |
5.00% | 12/01/2035 | 140 | 148,221 | ||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2019 A, RB |
5.00% | 12/01/2038 | 75 | 77,800 | ||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2019 A, RB |
5.00% | 12/01/2039 | 65 | 67,355 | ||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2019 A, RB |
5.00% | 12/01/2044 | 360 | 361,832 | ||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2019 A, RB |
5.00% | 12/01/2044 | 200 | 201,740 | ||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2019 A, RB |
5.00% | 12/01/2049 | 30 | 30,237 | ||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2019, Ref. RB |
5.00% | 12/01/2029 | 35 | 37,088 | ||||||||||
| Philadelphia (City of), PA, Series 2019 B, GO Bonds |
5.00% | 02/01/2031 | 35 | 37,396 | ||||||||||
| Philadelphia (City of), PA, Series 2019 B, GO Bonds |
5.00% | 02/01/2032 | 5 | 5,317 | ||||||||||
| Philadelphia (City of), PA, Series 2019 B, GO Bonds |
5.00% | 02/01/2033 | 25 | 26,468 | ||||||||||
| Philadelphia (City of), PA, Series 2019 B, GO Bonds |
5.00% | 02/01/2034 | 175 | 184,762 | ||||||||||
| Philadelphia (City of), PA, Series 2019 B, GO Bonds |
5.00% | 02/01/2035 | 510 | 535,070 | ||||||||||
| Philadelphia (City of), PA, Series 2019 B, GO Bonds |
5.00% | 02/01/2037 | 100 | 104,008 | ||||||||||
| Philadelphia (City of), PA, Series 2019 B, GO Bonds |
5.00% | 02/01/2038 | 70 | 72,388 | ||||||||||
| Philadelphia (City of), PA, Series 2019 B, GO Bonds |
5.00% | 02/01/2039 | 20 | 20,571 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 Municipal Bond ETF (BSMT)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Pennsylvania-(continued) |
||||||||||||||
| Philadelphia (City of), PA, Series 2019 B, RB |
5.00% | 11/01/2044 | $ | 110 | $ | 110,743 | ||||||||
| Philadelphia (City of), PA, Series 2019 B, RB |
5.00% | 11/01/2049 | 250 | 250,368 | ||||||||||
| Philadelphia (City of), PA Authority for Industrial Development (Children’s Hospital of Philadelphia), Series 2021, Ref. RB |
5.00% | 07/01/2029 | 5 | 5,374 | ||||||||||
| Philadelphia School District (The), Series 2019 A, GO Bonds |
5.00% | 09/01/2031 | 185 | 196,479 | ||||||||||
| Philadelphia School District (The), Series 2019 A, GO Bonds |
5.00% | 09/01/2032 | 30 | 31,749 | ||||||||||
| Philadelphia School District (The), Series 2019 A, GO Bonds |
4.00% | 09/01/2035 | 40 | 39,641 | ||||||||||
| Philadelphia School District (The), Series 2019 A, GO Bonds |
4.00% | 09/01/2036 | 270 | 263,149 | ||||||||||
| Philadelphia School District (The), Series 2019 A, GO Bonds |
4.00% | 09/01/2037 | 165 | 161,410 | ||||||||||
| Philadelphia School District (The), Series 2019 A, GO Bonds |
4.00% | 09/01/2038 | 190 | 178,644 | ||||||||||
| Philadelphia School District (The), Series 2019 A, GO Bonds |
5.00% | 09/01/2044 | 235 | 234,365 | ||||||||||
| Philadelphia School District (The), Series 2019 C, Ref. GO Bonds |
5.00% | 09/01/2033 | 60 | 63,247 | ||||||||||
| Southcentral Pennsylvania General Authority (WellSpan Health Obligated Group), Series 2019 A, Ref. RB |
5.00% | 06/01/2049 | 130 | 130,115 | ||||||||||
| Southcentral Pennsylvania General Authority (WellSpan Health Obligated Group), Series 2019, Ref. RB |
5.00% | 06/01/2044 | 10 | 10,075 | ||||||||||
| Southcentral Pennsylvania General Authority (WellSpan Health Obligated Group), Series 2023, Ref. RB |
5.00% | 06/01/2029 | 195 | 208,203 | ||||||||||
| University of Pittsburgh-of the Commonwealth System of Higher Education, Series 2023, Ref. RB |
5.00% | 02/15/2029 | 60 | 64,315 | ||||||||||
| Wilkes-Barre Area School District, Series 2019, GO Bonds, (INS - BAM)(b) |
5.00% | 04/15/2059 | 145 | 145,126 | ||||||||||
|
|
|
|||||||||||||
| 10,156,959 | ||||||||||||||
|
|
|
|||||||||||||
| Rhode Island-0.21% |
||||||||||||||
| Rhode Island Health & Educational Building Corp. (Brown University), Series 2019 A, Ref. RB |
5.00% | 09/01/2029 | 375 | 405,641 | ||||||||||
|
|
|
|||||||||||||
| South Carolina-0.32% |
||||||||||||||
| Columbia (City of), SC, Series 2019 A, RB(a)(c) |
5.00% | 02/01/2029 | 145 | 155,967 | ||||||||||
| Columbia (City of), SC, Series 2019 A, RB |
4.00% | 02/01/2044 | 15 | 13,862 | ||||||||||
| Horry County School District, Series 2024, GO Bonds |
5.00% | 03/01/2029 | 25 | 26,908 | ||||||||||
| South Carolina (State of) Transportation Infrastructure Bank, Series 2016 A, Ref. RB |
3.00% | 10/01/2029 | 75 | 73,689 | ||||||||||
| South Carolina (State of) Transportation Infrastructure Bank, Series 2021 B, Ref. RB |
5.00% | 10/01/2029 | 200 | 217,023 | ||||||||||
| Spartanburg County School District No. 7, Series 2019 D, GO Bonds |
5.00% | 03/01/2048 | 130 | 131,802 | ||||||||||
|
|
|
|||||||||||||
| 619,251 | ||||||||||||||
|
|
|
|||||||||||||
| Tennessee-0.45% |
||||||||||||||
| Chattanooga (City of), TN Health, Educational & Housing Facility Board (CommonSpirit Health), Series 2019 A-2, Ref. RB |
5.00% | 08/01/2044 | 100 | 98,405 | ||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2018, GO Bonds |
5.00% | 07/01/2029 | 80 | 84,896 | ||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2021 C, GO Bonds |
5.00% | 01/01/2029 | 15 | 16,092 | ||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2024 A, GO Bonds |
5.00% | 01/01/2029 | 280 | 300,380 | ||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2024 B, Ref. RB |
5.00% | 05/15/2029 | 70 | 75,533 | ||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government Health & Educational Facilities Board (The) (Lipscomb University), Series 2019, Ref. RB |
5.25% | 10/01/2058 | 180 | 176,012 | ||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government Health & Educational Facilities Board (The) (Vanderbilt University Medical Center), Series 2024, RB |
5.00% | 07/01/2029 | 80 | 84,875 | ||||||||||
| Tennessee (State of), Series 2023 A, GO Bonds |
5.00% | 05/01/2029 | 20 | 21,637 | ||||||||||
|
|
|
|||||||||||||
| 857,830 | ||||||||||||||
|
|
|
|||||||||||||
| Texas-7.73% |
||||||||||||||
| Alamo Community College District, Series 2022, GO Notes |
5.00% | 02/15/2029 | 95 | 101,695 | ||||||||||
| Arlington Independent School District, Series 2020, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 02/15/2045 | 250 | 231,472 | ||||||||||
| Austin (City of), TX, Series 2019 B, RB |
5.00% | 11/15/2044 | 100 | 101,750 | ||||||||||
| Austin (City of), TX, Series 2019 B, RB |
5.00% | 11/15/2049 | 235 | 238,061 | ||||||||||
| Austin (City of), TX, Series 2022, Ref. RB |
5.00% | 11/15/2029 | 30 | 32,533 | ||||||||||
| Austin Independent School District, Series 2023, GO Bonds |
5.00% | 08/01/2048 | 100 | 101,042 | ||||||||||
| Austin Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/01/2029 | 45 | 48,601 | ||||||||||
| Board of Regents of the University of Texas System, Series 2019 A, Ref. RB |
5.00% | 08/15/2029 | 90 | 97,403 | ||||||||||
| Board of Regents of the University of Texas System, Series 2019 A, Ref. RB |
5.00% | 08/15/2031 | 70 | 75,042 | ||||||||||
| Board of Regents of the University of Texas System, Series 2019 A, Ref. RB |
5.00% | 08/15/2032 | 65 | 69,564 | ||||||||||
| Board of Regents of the University of Texas System, Series 2019 A, Ref. RB |
5.00% | 08/15/2033 | 100 | 106,631 | ||||||||||
| Board of Regents of the University of Texas System, Series 2019 A, Ref. RB |
5.00% | 08/15/2038 | 45 | 46,787 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 Municipal Bond ETF (BSMT)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Texas-(continued) |
||||||||||||||||
| Board of Regents of the University of Texas System, Series 2019 A, Ref. RB |
5.00% | 08/15/2039 | $ | 30 | $ | 31,073 | ||||||||||
| Board of Regents of the University of Texas System, Series 2019 B, RB |
5.00% | 08/15/2029 | 150 | 162,338 | ||||||||||||
| Board of Regents of the University of Texas System, Series 2024 A, Ref. RB |
5.00% | 08/15/2029 | 110 | 119,048 | ||||||||||||
| Board of Regents of the University of Texas System, Series 2024 B, RB |
5.00% | 08/15/2029 | 65 | 70,346 | ||||||||||||
| Collin County Community College District, Series 2020 A, GO Bonds |
5.00% | 08/15/2031 | 115 | 122,734 | ||||||||||||
| Collin County Community College District, Series 2020 A, GO Bonds |
5.00% | 08/15/2032 | 45 | 47,878 | ||||||||||||
| Collin County Community College District, Series 2020 A, GO Bonds |
5.00% | 08/15/2033 | 75 | 79,544 | ||||||||||||
| Collin County Community College District, Series 2020 A, GO Bonds |
4.00% | 08/15/2034 | 90 | 91,332 | ||||||||||||
| Collin County Community College District, Series 2020 A, GO Bonds |
4.00% | 08/15/2035 | 90 | 90,897 | ||||||||||||
| Collin County Community College District, Series 2020 A, GO Bonds |
4.00% | 08/15/2036 | 45 | 45,235 | ||||||||||||
| Collin County Community College District, Series 2020 A, GO Bonds |
4.00% | 08/15/2037 | 45 | 45,025 | ||||||||||||
| Comal Independent School District, Series 2024, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2029 | 35 | 37,606 | ||||||||||||
| Conroe Independent School District, Series 2020 A, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2029 | 60 | 64,512 | ||||||||||||
| Conroe Independent School District, Series 2024, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2029 | 5 | 5,376 | ||||||||||||
| Cypress-Fairbanks Independent School District, Series 2019 A, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2031 | 40 | 42,581 | ||||||||||||
| Cypress-Fairbanks Independent School District, Series 2019, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2031 | 30 | 31,936 | ||||||||||||
| Cypress-Fairbanks Independent School District, Series 2019, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2032 | 90 | 95,522 | ||||||||||||
| Cypress-Fairbanks Independent School District, Series 2019, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2033 | 230 | 243,374 | ||||||||||||
| Cypress-Fairbanks Independent School District, Series 2019, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2035 | 10 | 10,491 | ||||||||||||
| Cypress-Fairbanks Independent School District, Series 2024, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2029 | 120 | 128,849 | ||||||||||||
| Dallas & Fort Worth (Cities of), TX, Series 2023 B, Ref. RB |
5.00% | 11/01/2029 | 325 | 352,112 | ||||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2020 A, Ref. RB |
5.00% | 11/01/2029 | 80 | 86,674 | ||||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2020, Ref. RB |
5.00% | 11/01/2029 | 25 | 27,086 | ||||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2022 B, Ref. RB |
5.00% | 11/01/2029 | 20 | 21,668 | ||||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2024, RB |
5.00% | 11/01/2029 | 50 | 54,171 | ||||||||||||
| Dallas (City of) TX, Series 2024 B, Ref. GO Bonds |
5.00% | 02/15/2029 | 10 | 10,705 | ||||||||||||
| Dallas (City of) TX, Series 2024 C, Ref. GO Bonds |
5.00% | 02/15/2029 | 100 | 107,047 | ||||||||||||
| Dallas (City of), TX, Series 2023 A, Ref. GO Bonds |
5.00% | 02/15/2029 | 40 | 42,819 | ||||||||||||
| Dallas (City of), TX, Series 2024 B, Ctfs. of Obligations |
5.00% | 02/15/2029 | 55 | 58,876 | ||||||||||||
| Dallas (City of), TX Area Rapid Transit, Series 2019, Ref. RB |
5.00% | 12/01/2029 | 35 | 37,964 | ||||||||||||
| Dallas (City of), TX Area Rapid Transit, Series 2019, Ref. RB |
5.00% | 12/01/2031 | 35 | 37,758 | ||||||||||||
| Dallas (City of), TX Area Rapid Transit, Series 2019, Ref. RB |
5.00% | 12/01/2032 | 25 | 26,833 | ||||||||||||
| Dallas (City of), TX Area Rapid Transit, Series 2019, Ref. RB |
5.00% | 12/01/2033 | 45 | 48,040 | ||||||||||||
| Dallas (City of), TX Area Rapid Transit, Series 2019, Ref. RB |
5.00% | 12/01/2034 | 340 | 360,866 | ||||||||||||
| Dallas (City of), TX Independent School District, Series 2019 B, GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 02/15/2031 | 80 | 82,209 | ||||||||||||
| Dallas (City of), TX Independent School District, Series 2019 B, GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 02/15/2032 | 40 | 40,957 | ||||||||||||
| Dallas (City of), TX Independent School District, Series 2019 B, GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 02/15/2033 | 30 | 30,603 | ||||||||||||
| Dallas (City of), TX Independent School District, Series 2025 B, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2029 | 65 | 69,959 | ||||||||||||
| Dallas (City of), TX Independent School District, Series 2025 C, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2029 | 35 | 37,670 | ||||||||||||
| Dallas (County of), TX Hospital District, Series 2019, Ref. GO Bonds |
5.00% | 08/15/2029 | 75 | 79,286 | ||||||||||||
| Denton Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2029 | 45 | 48,627 | ||||||||||||
| El Paso Independent School District, Series 2020, GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 08/15/2045 | 20 | 18,391 | ||||||||||||
| Frisco Independent School District, Series 2019, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2036 | 75 | 78,492 | ||||||||||||
| Garland (City of), TX, Series 2019, Ref. RB |
5.00% | 03/01/2044 | 150 | 150,757 | ||||||||||||
| Garland Independent School District, Series 2023 A, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2029 | 15 | 16,112 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 Municipal Bond ETF (BSMT)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Texas-(continued) |
||||||||||||||||
| Harris (County of) & Houston (City of), TX Sports Authority, Series 2024 A, Ref. RB, (INS - AGI)(b) |
5.00% | 11/15/2029 | $ | 25 | $ | 26,862 | ||||||||||
| Harris (County of), TX, Series 2022 A, Ref. GO Bonds |
5.00% | 08/15/2029 | 5 | 5,409 | ||||||||||||
| Harris (County of), TX Flood Control District, Series 2020 A, GO Bonds |
4.00% | 10/01/2045 | 250 | 224,411 | ||||||||||||
| Harris (County of), TX Toll Road Authority (The), Series 2022 A, Ref. RB |
5.00% | 08/15/2029 | 20 | 21,629 | ||||||||||||
| Harris County Cultural Education Facilities Finance Corp. (Baylor College of Medicine), Series 2024 A, RB |
5.00% | 05/15/2029 | 50 | 52,902 | ||||||||||||
| Harris County Cultural Education Facilities Finance Corp. (Memorial Hermann Health System), Series 2019, Ref. RB |
5.00% | 12/01/2029 | 225 | 242,091 | ||||||||||||
| Harris County Cultural Education Facilities Finance Corp. (Texas Children’s Hospital), Series 2024, Ref. RB |
5.00% | 10/01/2029 | 10 | 10,721 | ||||||||||||
| Houston (City of), TX, Series 2018 B, Ref. RB |
5.00% | 07/01/2029 | 15 | 15,724 | ||||||||||||
| Houston (City of), TX, Series 2018 D, Ref. RB |
5.00% | 07/01/2029 | 55 | 57,654 | ||||||||||||
| Houston (City of), TX, Series 2019 A, Ref. GO Bonds |
5.00% | 03/01/2029 | 270 | 289,021 | ||||||||||||
| Houston (City of), TX, Series 2019 A, Ref. GO Bonds |
5.00% | 03/01/2031 | 60 | 63,750 | ||||||||||||
| Houston (City of), TX, Series 2019 A, Ref. GO Bonds |
5.00% | 03/01/2032 | 75 | 79,481 | ||||||||||||
| Houston (City of), TX, Series 2019 B, RB |
5.00% | 11/15/2049 | 30 | 30,355 | ||||||||||||
| Houston (City of), TX, Series 2024 A, Ref. RB |
5.00% | 11/15/2029 | 35 | 37,910 | ||||||||||||
| Houston Community College System, Series 2020, Ref. GO Bonds |
5.00% | 02/15/2035 | 90 | 94,257 | ||||||||||||
| Keller Independent School District, Series 2020, GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 02/15/2044 | 200 | 185,564 | ||||||||||||
| Lewisville Independent School District, Series 2020, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 08/15/2035 | 100 | 100,952 | ||||||||||||
| Lewisville Independent School District, Series 2020, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 08/15/2036 | 95 | 95,577 | ||||||||||||
| Lewisville Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2029 | 60 | 64,911 | ||||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2019, RB |
5.00% | 05/15/2044 | 560 | 565,647 | ||||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2019, Ref. RB |
5.00% | 05/15/2029 | 50 | 53,489 | ||||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2019, Ref. RB |
5.00% | 05/15/2031 | 500 | 531,655 | ||||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2019, Ref. RB |
5.00% | 05/15/2032 | 20 | 21,182 | ||||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2019, Ref. RB |
5.00% | 05/15/2036 | 250 | 260,170 | ||||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2020, Ref. RB |
5.00% | 05/15/2034 | 35 | 36,769 | ||||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2020, Ref. RB |
5.00% | 05/15/2035 | 500 | 522,758 | ||||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2021, Ref. RB |
5.00% | 05/15/2029 | 15 | 16,047 | ||||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2023, Ref. RB, (INS - AGI)(b) |
5.00% | 05/15/2029 | 20 | 21,473 | ||||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2023, Ref. RB, (INS - AGI)(b) |
5.00% | 05/15/2029 | 10 | 10,736 | ||||||||||||
| Matagorda County Navigation District No. 1 (Central Power And Light Co.), Series 2001, Ref. RB |
2.60% | 11/01/2029 | 235 | 223,491 | ||||||||||||
| Midland Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2029 | 60 | 64,381 | ||||||||||||
| North East Independent School District, Series 2007, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.25% | 02/01/2029 | 70 | 75,773 | ||||||||||||
| North Texas Municipal Water District, Series 2021 A, Ref. RB |
5.00% | 09/01/2029 | 55 | 59,403 | ||||||||||||
| North Texas Tollway Authority, Series 2019 A, Ref. RB |
4.00% | 01/01/2036 | 75 | 75,669 | ||||||||||||
| North Texas Tollway Authority, Series 2019 A, Ref. RB |
4.00% | 01/01/2037 | 100 | 100,434 | ||||||||||||
| North Texas Tollway Authority, Series 2019 A, Ref. RB |
5.00% | 01/01/2038 | 155 | 160,267 | ||||||||||||
| North Texas Tollway Authority, Series 2019 B, Ref. RB |
5.00% | 01/01/2029 | 35 | 37,375 | ||||||||||||
| North Texas Tollway Authority, Series 2020 A, Ref. RB |
4.00% | 01/01/2035 | 115 | 116,572 | ||||||||||||
| North Texas Tollway Authority, Series 2020 A, Ref. RB |
4.00% | 01/01/2037 | 210 | 210,912 | ||||||||||||
| North Texas Tollway Authority, Series 2024 A, Ref. RB |
5.00% | 01/01/2029 | 20 | 21,413 | ||||||||||||
| Permanent University Fund - Texas A&M University System, Series 2025 A, Ref. RB |
5.00% | 07/01/2029 | 25 | 27,008 | ||||||||||||
| Permanent University Fund - University of Texas System, Series 2022 A, RB |
5.00% | 07/01/2029 | 185 | 199,935 | ||||||||||||
| Permanent University Fund - University of Texas System, Series 2025 A, Ref. RB |
5.00% | 07/01/2029 | 5 | 5,402 | ||||||||||||
| Pflugerville Independent School District, Series 2023 A, GO Bonds |
5.00% | 02/15/2048 | 200 | 202,703 | ||||||||||||
| Plano Independent School District, Series 2025, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2029 | 40 | 42,964 | ||||||||||||
| Round Rock Independent School District, Series 2019 A, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/01/2029 | 55 | 59,535 | ||||||||||||
| Round Rock Independent School District, Series 2019 A, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/01/2031 | 25 | 26,761 | ||||||||||||
| Round Rock Independent School District, Series 2019 A, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 08/01/2032 | 115 | 117,968 | ||||||||||||
| San Antonio (City of), TX, Series 2018 A, RB |
5.00% | 02/01/2048 | 35 | 35,364 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 Municipal Bond ETF (BSMT)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Texas-(continued) |
||||||||||||||||
| San Antonio (City of), TX, Series 2019, Ref. GO Bonds |
5.00% | 08/01/2029 | $ | 70 | $ | 75,601 | ||||||||||
| San Antonio (City of), TX, Series 2019, Ref. GO Bonds |
5.00% | 08/01/2031 | 180 | 192,462 | ||||||||||||
| San Antonio (City of), TX, Series 2019, Ref. GO Bonds |
5.00% | 08/01/2032 | 130 | 138,526 | ||||||||||||
| San Antonio (City of), TX, Series 2019, Ref. RB |
4.00% | 02/01/2029 | 25 | 25,876 | ||||||||||||
| San Antonio (City of), TX Water System, Series 2019 C, Ref. RB |
5.00% | 05/15/2034 | 180 | 191,836 | ||||||||||||
| San Antonio Public Facilities Corp., Series 2022, Ref. RB |
5.00% | 09/15/2029 | 10 | 10,698 | ||||||||||||
| Tarrant County Cultural Education Facilities Finance Corp. (Christus Health), Series 2018 B, RB |
5.00% | 07/01/2032 | 180 | 187,827 | ||||||||||||
| Tarrant County Cultural Education Facilities Finance Corp. (Christus Health), Series 2018 B, RB |
5.00% | 07/01/2033 | 70 | 72,748 | ||||||||||||
| Tarrant County Cultural Education Facilities Finance Corp. (Christus Health), Series 2018 B, RB |
5.00% | 07/01/2034 | 200 | 207,071 | ||||||||||||
| Tarrant County Cultural Education Facilities Finance Corp. (Christus Health), Series 2018 B, RB |
5.00% | 07/01/2035 | 145 | 149,421 | ||||||||||||
| Tarrant County Cultural Education Facilities Finance Corp. (Christus Health), Series 2018 B, RB |
5.00% | 07/01/2036 | 100 | 102,577 | ||||||||||||
| Tarrant County Cultural Education Facilities Finance Corp. (Christus Health), Series 2018 B, RB |
5.00% | 07/01/2048 | 300 | 294,222 | ||||||||||||
| Tarrant County Cultural Education Facilities Finance Corp. (Cook Children’s Medical Center), Series 2020, Ref. RB |
3.00% | 12/01/2050 | 125 | 87,116 | ||||||||||||
| Texas (State of) Transportation Commission, Series 2024, Ref. GO Bonds |
5.00% | 04/01/2029 | 25 | 26,916 | ||||||||||||
| Texas (State of) Water Development Board, Series 2019 A, RB |
5.00% | 04/15/2031 | 155 | 167,238 | ||||||||||||
| Texas (State of) Water Development Board, Series 2019 A, RB |
5.00% | 04/15/2032 | 135 | 145,220 | ||||||||||||
| Texas (State of) Water Development Board, Series 2019 A, RB |
4.00% | 10/15/2036 | 125 | 125,366 | ||||||||||||
| Texas (State of) Water Development Board, Series 2019 A, RB |
4.00% | 10/15/2038 | 15 | 14,635 | ||||||||||||
| Texas (State of) Water Development Board, Series 2019 A, RB |
4.00% | 10/15/2049 | 340 | 292,254 | ||||||||||||
| Texas (State of) Water Development Board, Series 2020, RB |
5.00% | 08/01/2029 | 100 | 108,124 | ||||||||||||
| Texas (State of) Water Development Board, Series 2021, RB |
5.00% | 08/01/2029 | 45 | 48,656 | ||||||||||||
| Texas (State of) Water Development Board, Series 2023 A, RB |
5.00% | 10/15/2029 | 50 | 54,222 | ||||||||||||
| Texas A&M University, Series 2024 A, RB |
5.00% | 05/15/2029 | 100 | 107,788 | ||||||||||||
| Texas Private Activity Bond Surface Transportation Corp., Series 2019, Ref. RB |
5.00% | 12/31/2031 | 40 | 42,327 | ||||||||||||
| Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners LLC - North Tarrant Express Managed Lanes), Series 2019 A, Ref. RB |
5.00% | 12/31/2032 | 60 | 63,263 | ||||||||||||
| Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners LLC - North Tarrant Express Managed Lanes), Series 2019 A, Ref. RB |
5.00% | 12/31/2033 | 90 | 94,532 | ||||||||||||
| Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners LLC - North Tarrant Express Managed Lanes), Series 2019 A, Ref. RB |
4.00% | 12/31/2038 | 250 | 236,394 | ||||||||||||
| Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners LLC - North Tarrant Express Managed Lanes), Series 2019, Ref. RB |
5.00% | 12/31/2035 | 35 | 36,408 | ||||||||||||
| Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners LLC - North Tarrant Express Managed Lanes), Series 2019, Ref. RB |
5.00% | 12/31/2036 | 60 | 62,176 | ||||||||||||
| Travis (County of), TX, Series 2019 A, Ctfs. of Obligations |
5.00% | 03/01/2034 | 25 | 26,400 | ||||||||||||
| Travis (County of), TX, Series 2019 A, Ctfs. of Obligations |
5.00% | 03/01/2035 | 255 | 268,343 | ||||||||||||
| Travis (County of), TX, Series 2019 A, Ctfs. of Obligations |
5.00% | 03/01/2038 | 185 | 191,888 | ||||||||||||
| Travis (County of), TX, Series 2019 A, Ctfs. of Obligations |
5.00% | 03/01/2039 | 15 | 15,498 | ||||||||||||
| Travis (County of), TX, Series 2019 A, Ctfs. Of Obligations |
5.00% | 03/01/2032 | 100 | 106,265 | ||||||||||||
| Travis (County of), TX, Series 2019 A, Ctfs. Of Obligations |
5.00% | 03/01/2037 | 20 | 20,860 | ||||||||||||
| Trinity River Authority, Series 2020, Ref. RB |
5.00% | 08/01/2029 | 100 | 107,717 | ||||||||||||
| Webb (County of), TX, Series 2020, Ctfs. Of Obligations |
4.00% | 02/15/2045 | 15 | 13,467 | ||||||||||||
| Williamson (County of), TX, Series 2020, GO Bonds |
4.00% | 02/15/2033 | 260 | 265,040 | ||||||||||||
| Williamson (County of), TX, Series 2020, GO Bonds |
4.00% | 02/15/2040 | 150 | 146,097 | ||||||||||||
|
|
|
|||||||||||||||
| 14,867,472 | ||||||||||||||||
|
|
|
|||||||||||||||
| Utah-0.54% |
||||||||||||||||
| Board of Regents of Utah University, Series 1998 A, Ref. RB, (INS - NATL)(b) |
5.50% | 04/01/2029 | 100 | 105,093 | ||||||||||||
| Intermountain Power Agency, Series 2022 A, Ref. RB |
5.00% | 07/01/2029 | 80 | 85,346 | ||||||||||||
| Intermountain Power Agency, Series 2023 A, RB |
5.00% | 07/01/2029 | 45 | 48,007 | ||||||||||||
| Salt Lake City (City of), UT, Series 2020, RB |
4.00% | 02/01/2047 | 250 | 222,741 | ||||||||||||
| University of Utah (The) (Green Bonds), Series 2022 B, RB |
5.00% | 08/01/2029 | 150 | 162,492 | ||||||||||||
| Utah (State of), Series 2020, GO Bonds |
5.00% | 07/01/2029 | 130 | 139,033 | ||||||||||||
| Utah (State of), Series 2020, GO Bonds |
5.00% | 07/01/2030 | 50 | 53,354 | ||||||||||||
| Utah (State of), Series 2020, GO Bonds |
5.00% | 07/01/2031 | 55 | 58,530 | ||||||||||||
| Utah (State of), Series 2020, GO Bonds |
5.00% | 07/01/2032 | 25 | 26,526 | ||||||||||||
| Utah (State of) Transit Authority, Series 2006 C, Ref. RB, (INS - AGI)(b) |
5.25% | 06/15/2029 | 65 | 69,968 | ||||||||||||
| Utah State Building Ownership Authority, Series 2024, Ref. RB |
5.00% | 05/15/2029 | 70 | 75,479 | ||||||||||||
|
|
|
|||||||||||||||
| 1,046,569 | ||||||||||||||||
|
|
|
|||||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 Municipal Bond ETF (BSMT)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Vermont-0.09% |
||||||||||||||||
| Vermont (State of) Educational & Health Buildings Financing Agency (Middlebury College), Series 2020, Ref. RB |
5.00% | 11/01/2049 | $ | 175 | $ | 177,054 | ||||||||||
|
|
|
|||||||||||||||
| Virginia-1.27% |
||||||||||||||||
| Arlington (County of), VA, Series 2016 B, Ref. GO Bonds |
2.50% | 08/15/2029 | 25 | 23,885 | ||||||||||||
| Charles City (County of), VA Economic Development Authority (Wate Management, Inc.), Series 2004 A, RB |
2.88% | 02/01/2029 | 30 | 29,066 | ||||||||||||
| Fairfax (County of), VA, Series 2020 A, Ref. GO Bonds |
5.00% | 10/01/2029 | 175 | 190,565 | ||||||||||||
| Fairfax (County of), VA Industrial Development Authority (Inova Health System), Series 2022, Ref. RB |
5.00% | 05/15/2029 | 95 | 102,105 | ||||||||||||
| Loudoun (County of), VA Economic Development Authority, Series 2020, Ref. RB |
4.00% | 12/01/2033 | 45 | 45,828 | ||||||||||||
| Richmond (City of), VA, Series 2017 D, Ref. GO Bonds |
5.00% | 03/01/2029 | 90 | 97,070 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority, Series 2019 A, RB |
5.00% | 02/01/2029 | 50 | 53,692 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority, Series 2019 A, RB |
5.00% | 02/01/2031 | 110 | 117,476 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Centuity College and Equipment), Series 2021, RB |
5.00% | 02/01/2029 | 180 | 193,290 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and Equipment Programs), Series 2017 E, Ref. RB |
5.00% | 02/01/2029 | 355 | 374,476 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and Equipment Programs), Series 2019 C, Ref. RB |
5.00% | 02/01/2029 | 60 | 64,430 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and Equipment Programs), Series 2022 A, RB |
5.00% | 02/01/2029 | 190 | 204,028 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and Equipment Programs), Series 2023 A, RB |
5.00% | 02/01/2029 | 15 | 16,107 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and Equipment Programs), Series 2023, Ref. RB |
5.00% | 02/01/2029 | 25 | 26,846 | ||||||||||||
| Virginia (Commonwealth of) Public Building Authority, Series 2020 B, Ref. RB |
5.00% | 08/01/2029 | 60 | 65,046 | ||||||||||||
| Virginia (Commonwealth of) Public Building Authority, Series 2021 A-1, RB |
5.00% | 08/01/2029 | 340 | 368,593 | ||||||||||||
| Virginia (Commonwealth of) Small Business Financing Authority (95 Express Lanes LLC), Series 2020, Ref. RB |
4.00% | 11/01/2039 | 40 | 37,500 | ||||||||||||
| Virginia (Commonwealth of) Small Business Financing Authority (Sentara Healthcare), Series 2020, Ref. RB |
4.00% | 11/01/2036 | 100 | 98,402 | ||||||||||||
| Virginia (Commonwealth of) Small Business Financing Authority (Sentara Healthcare), Series 2020, Ref. RB |
4.00% | 11/01/2037 | 75 | 72,470 | ||||||||||||
| Virginia (Commonwealth of) Small Business Financing Authority (Sentara Healthcare), Series 2020, Ref. RB |
4.00% | 11/01/2038 | 90 | 85,152 | ||||||||||||
| Virginia (Commonwealth of) Transportation Board (Transportation Capital), Series 2024, Ref. RB |
5.00% | 05/15/2029 | 160 | 172,461 | ||||||||||||
|
|
|
|||||||||||||||
| 2,438,488 | ||||||||||||||||
|
|
|
|||||||||||||||
| Washington-3.12% |
||||||||||||||||
| Central Puget Sound Regional Transit Authority (Green Bonds), Series 2021 S-1, Ref. RB |
5.00% | 11/01/2029 | 160 | 174,315 | ||||||||||||
| Energy Northwest (Columbia Generating Station), Series 2019 A, Ref. RB |
5.00% | 07/01/2035 | 80 | 84,228 | ||||||||||||
| Energy Northwest (Columbia Generating Station), Series 2019 A, Ref. RB |
5.00% | 07/01/2037 | 390 | 407,146 | ||||||||||||
| Energy Northwest (Columbia Generating Station), Series 2019, Ref. RB |
5.00% | 07/01/2036 | 290 | 303,523 | ||||||||||||
| Energy Northwest (Columbia Generating Station), Series 2019, Ref. RB |
5.00% | 07/01/2038 | 30 | 31,194 | ||||||||||||
| King County School District No. 210 Federal Way, Series 2019, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 12/01/2029 | 135 | 140,558 | ||||||||||||
| North Thurston Public Schools, Series 2024, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2029 | 15 | 16,277 | ||||||||||||
| Pierce County School District No. 403 Bethel, Series 2019, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2036 | 95 | 99,361 | ||||||||||||
| Seattle (Port of), WA, Series 2022 A, Ref. RB |
5.00% | 08/01/2029 | 120 | 129,602 | ||||||||||||
| Snohomish County School District No. 201 Snohomish, Series 2020, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2029 | 230 | 250,084 | ||||||||||||
| Spokane County School District No. 81, Series 2019, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2034 | 90 | 94,762 | ||||||||||||
| Spokane County School District No. 81, Series 2019, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2035 | 175 | 183,482 | ||||||||||||
| Spokane County School District No. 81, Series 2019, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2036 | 5 | 5,220 | ||||||||||||
| Washington (State of), Series 2018 C, GO Bonds |
5.00% | 02/01/2029 | 310 | 325,177 | ||||||||||||
| Washington (State of), Series 2019 A, GO Bonds |
5.00% | 08/01/2029 | 90 | 97,679 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 Municipal Bond ETF (BSMT)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Washington-(continued) |
||||||||||||||||
| Washington (State of), Series 2019 A, GO Bonds |
5.00% | 08/01/2031 | $ | 65 | $ | 69,762 | ||||||||||
| Washington (State of), Series 2019 A, GO Bonds |
5.00% | 08/01/2035 | 80 | 84,402 | ||||||||||||
| Washington (State of), Series 2019 A, GO Bonds |
5.00% | 08/01/2036 | 95 | 99,768 | ||||||||||||
| Washington (State of), Series 2019 A, GO Bonds |
5.00% | 08/01/2039 | 210 | 217,402 | ||||||||||||
| Washington (State of), Series 2019 A, GO Bonds |
5.00% | 08/01/2042 | 335 | 342,622 | ||||||||||||
| Washington (State of), Series 2019 A, GO Bonds |
5.00% | 08/01/2044 | 325 | 330,108 | ||||||||||||
| Washington (State of), Series 2019 C, GO Bonds |
5.00% | 02/01/2029 | 20 | 21,534 | ||||||||||||
| Washington (State of), Series 2019 C, GO Bonds |
5.00% | 02/01/2031 | 135 | 143,901 | ||||||||||||
| Washington (State of), Series 2019 C, GO Bonds |
5.00% | 02/01/2032 | 70 | 74,262 | ||||||||||||
| Washington (State of), Series 2019 C, GO Bonds |
5.00% | 02/01/2033 | 95 | 100,486 | ||||||||||||
| Washington (State of), Series 2019 C, GO Bonds |
5.00% | 02/01/2034 | 40 | 42,177 | ||||||||||||
| Washington (State of), Series 2019 C, GO Bonds |
5.00% | 02/01/2035 | 245 | 257,464 | ||||||||||||
| Washington (State of), Series 2019 C, GO Bonds |
5.00% | 02/01/2036 | 280 | 293,087 | ||||||||||||
| Washington (State of), Series 2019 C, GO Bonds |
5.00% | 02/01/2037 | 55 | 57,320 | ||||||||||||
| Washington (State of), Series 2019 C, GO Bonds |
5.00% | 02/01/2039 | 5 | 5,161 | ||||||||||||
| Washington (State of), Series 2020 A, GO Bonds |
5.00% | 08/01/2032 | 50 | 53,340 | ||||||||||||
| Washington (State of), Series 2020 A, GO Bonds |
5.00% | 08/01/2033 | 185 | 196,660 | ||||||||||||
| Washington (State of), Series 2020 A, GO Bonds |
5.00% | 08/01/2034 | 100 | 105,922 | ||||||||||||
| Washington (State of), Series 2020 A, GO Bonds |
5.00% | 08/01/2038 | 50 | 51,934 | ||||||||||||
| Washington (State of), Series 2020 A, GO Bonds |
5.00% | 08/01/2041 | 5 | 5,132 | ||||||||||||
| Washington (State of), Series 2021, Ref. GO Bonds |
5.00% | 06/01/2029 | 140 | 151,502 | ||||||||||||
| Washington (State of), Series 2024, Ref. GO Bonds |
5.00% | 07/01/2029 | 15 | 16,253 | ||||||||||||
| Washington (State of), Series 2025 C, GO Bonds |
5.00% | 02/01/2029 | 10 | 10,767 | ||||||||||||
| Washington (State of), Series 2025A, GO Bonds |
5.00% | 08/01/2029 | 10 | 10,853 | ||||||||||||
| Washington (State of), Series R-2023B, Ref. GO Bonds |
5.00% | 07/01/2029 | 30 | 32,506 | ||||||||||||
| Washington (State of), Series R-2024A, Ref. GO Bonds |
5.00% | 02/01/2029 | 35 | 37,685 | ||||||||||||
| Washington (State of), Series R-2024C, Ref. GO Bonds |
5.00% | 08/01/2029 | 85 | 92,218 | ||||||||||||
| Washington (State of), Series R-2025B, Ref. GO Bonds |
5.00% | 07/01/2029 | 135 | 146,332 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2021 A, GO Bonds |
5.00% | 08/01/2029 | 55 | 59,693 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2021 C, GO Bonds |
5.00% | 02/01/2029 | 40 | 43,069 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2022 C, GO Bonds |
5.00% | 02/01/2029 | 40 | 43,069 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2024 A, GO Bonds |
5.00% | 08/01/2029 | 50 | 54,266 | ||||||||||||
| Washington (State of) (Bid Group 2), Series R-2022C, Ref. GO Bonds |
4.00% | 07/01/2029 | 10 | 10,405 | ||||||||||||
| Washington (State of) (Bid Group 2), Series R-2023A, Ref. GO Bonds |
5.00% | 08/01/2029 | 225 | 244,198 | ||||||||||||
| Washington (State of) Health Care Facilities Authority (Commonspirit Health), Series 2019 A, Ref. RB |
5.00% | 08/01/2044 | 150 | 147,788 | ||||||||||||
|
|
|
|||||||||||||||
| 5,995,656 | ||||||||||||||||
|
|
|
|||||||||||||||
| West Virginia-0.45% |
||||||||||||||||
| West Virginia (State of) (Bid Group 1), Series 2019, GO Bonds |
5.00% | 12/01/2036 | 200 | 209,029 | ||||||||||||
| West Virginia (State of) (Bidding Group 2), Series 2019 A, GO Bonds |
5.00% | 12/01/2040 | 195 | 200,654 | ||||||||||||
| West Virginia (State of) (Bidding Group 2), Series 2019 A, GO Bonds |
5.00% | 06/01/2041 | 185 | 189,560 | ||||||||||||
| West Virginia (State of) (Bidding Group 2), Series 2019 A, GO Bonds |
5.00% | 12/01/2041 | 25 | 25,607 | ||||||||||||
| West Virginia (State of) (Bidding Group 2), Series 2019 A, GO Bonds |
5.00% | 12/01/2043 | 95 | 96,730 | ||||||||||||
| West Virginia (State of) (Bidding Group 2), Series 2019 A, GO Bonds |
5.00% | 06/01/2044 | 25 | 25,425 | ||||||||||||
| West Virginia (State of) Hospital Finance Authority (Cabell Huntington Hospital Obligated Group), Series 2018, Ref. RB |
5.00% | 01/01/2043 | 125 | 120,968 | ||||||||||||
|
|
|
|||||||||||||||
| 867,973 | ||||||||||||||||
|
|
|
|||||||||||||||
| Wisconsin-0.74% |
||||||||||||||||
| Fond Du Lac (County of), WI, Series 2019 A, GO Notes |
3.00% | 03/01/2029 | 140 | 138,979 | ||||||||||||
| Wisconsin (State of), Series 2020 1, Ref. GO Bonds |
5.00% | 05/01/2029 | 130 | 140,292 | ||||||||||||
| Wisconsin (State of), Series 2021 1, Ref. GO Bonds |
5.00% | 05/01/2029 | 120 | 129,500 | ||||||||||||
| Wisconsin (State of), Series 2021-2, Ref. GO Bonds |
5.00% | 05/01/2029 | 140 | 151,084 | ||||||||||||
| Wisconsin (State of), Series 2023, Ref. GO Bonds |
5.00% | 05/01/2029 | 15 | 16,188 | ||||||||||||
| Wisconsin (State of), Series 2024, Ref. GO Bonds |
5.00% | 05/01/2029 | 70 | 75,542 | ||||||||||||
| Wisconsin (State of), Series 2024-1, Ref. GO Bonds |
5.00% | 05/01/2029 | 180 | 194,250 | ||||||||||||
| Wisconsin (State of) Department of Transportation, Series 2023 1, Ref. RB |
5.00% | 07/01/2029 | 105 | 113,729 | ||||||||||||
| Wisconsin (State of) Department of Transportation, Series 2025, Ref. RB |
5.00% | 07/01/2029 | 25 | 27,078 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2029 Municipal Bond ETF (BSMT)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Wisconsin-(continued) |
||||||||||||||||
| Wisconsin (State of) Health & Educational Facilities Authority (Ascension Senior Credit Group), Series 2019, Ref. RB |
5.00% | 11/15/2029 | $ | 170 | $ | 182,957 | ||||||||||
| Wisconsin (State of) Public Finance Authority (Wakemed Hospital), Series 2019 A, Ref. RB |
5.00% | 10/01/2044 | 250 | 244,770 | ||||||||||||
|
|
|
|||||||||||||||
| 1,414,369 | ||||||||||||||||
|
|
|
|||||||||||||||
| TOTAL INVESTMENTS IN
SECURITIES(d)-98.49% |
189,472,816 | |||||||||||||||
| OTHER ASSETS LESS LIABILITIES-1.51% |
2,905,414 | |||||||||||||||
|
|
|
|||||||||||||||
| NET ASSETS-100.00% |
$ | 192,378,230 | ||||||||||||||
|
|
|
|||||||||||||||
| Investment Abbreviations: | ||
| AGI | -Assured Guaranty, Inc. | |
| AMBAC | -American Municipal Bond Assurance Corp. | |
| BAM | -Build America Mutual Assurance Co. | |
| CEP | -Credit Enhancement Provider | |
| COP | -Certificates of Participation | |
| Ctfs. | -Certificates | |
| GO | -General Obligation | |
| INS | -Insurer | |
| NATL | -National Public Finance Guarantee Corp. | |
| RB | -Revenue Bonds | |
| Ref. | -Refunding | |
| RN | -Revenue Notes | |
Notes to Schedule of Investments:
| (a) | Advance refunded; secured by an escrow fund of U.S. Government obligations or other highly rated collateral. |
| (b) | Principal and/or interest payments are secured by the bond insurance company listed. |
| (c) | Security has an irrevocable call by the issuer or mandatory put by the holder. Maturity date reflects such call or put. |
| (d) | Entities may either issue, guarantee, back or otherwise enhance the credit quality of a security. The entities are not primarily responsible for the issuer’s obligations but may be called upon to satisfy the issuer’s obligations. No concentration of any single entity was greater than 5% each. |
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments
Invesco BulletShares 2030 Municipal Bond ETF (BSMU)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Municipal Obligations-98.59% |
||||||||||||||||
| Alabama-1.29% |
||||||||||||||||
| Alabama (State of) Public School & College Authority (Social Bonds), Series 2020 A, Ref. RB |
5.00% | 11/01/2030 | $ | 30 | $ | 33,078 | ||||||||||
| Alabama (State of) Public School & College Authority (Social Bonds), Series 2020 A, Ref. RB |
5.00% | 11/01/2032 | 130 | 141,464 | ||||||||||||
| Alabama (State of) Public School & College Authority (Social Bonds), Series 2020 A, Ref. RB |
5.00% | 11/01/2033 | 360 | 389,998 | ||||||||||||
| Alabama (State of) Public School & College Authority (Social Bonds), Series 2020 A, Ref. RB |
5.00% | 11/01/2034 | 370 | 398,962 | ||||||||||||
| Alabama (State of) Public School & College Authority (Social Bonds), Series 2020 A, Ref. RB |
5.00% | 11/01/2035 | 200 | 214,564 | ||||||||||||
| Alabama (State of) Public School & College Authority (Social Bonds), Series 2020 A, Ref. RB |
4.00% | 11/01/2036 | 155 | 154,673 | ||||||||||||
| Alabama (State of) Public School & College Authority (Social Bonds), Series 2020 A, Ref. RB |
5.00% | 11/01/2037 | 355 | 376,472 | ||||||||||||
| Alabama (State of) Public School & College Authority (Social Bonds), Series 2020 A, Ref. RB |
5.00% | 11/01/2039 | 270 | 283,208 | ||||||||||||
| Jefferson (County of), AL, Series 2024, Ref. RB |
5.00% | 10/01/2030 | 75 | 80,643 | ||||||||||||
|
|
|
|||||||||||||||
| 2,073,062 | ||||||||||||||||
|
|
|
|||||||||||||||
| Alaska-0.05% |
||||||||||||||||
| Alaska (State of), Series 2024 A, Ref. GO Bonds |
5.00% | 08/01/2030 | 70 | 76,635 | ||||||||||||
|
|
|
|||||||||||||||
| Arizona-1.09% |
||||||||||||||||
| Arizona (State of) Department of Transportation, Series 2023, RB |
5.00% | 07/01/2030 | 75 | 82,278 | ||||||||||||
| Arizona (State of) Sports & Tourism Authority, Series 2022, Ref. RB, (INS - BAM)(a) |
5.00% | 07/01/2030 | 100 | 108,183 | ||||||||||||
| Gilbert Water Resource Municipal Property Corp. (Green Bonds), Series 2022, RB |
5.00% | 07/15/2030 | 50 | 54,906 | ||||||||||||
| Maricopa (County of), AZ Industrial Development Authority (Banner Health Obligated Group), Series 2024 D, Ref. RB |
5.00% | 12/01/2030 | 75 | 81,480 | ||||||||||||
| Maricopa (County of), AZ Special Health Care District, Series 2021 D, GO Bonds |
5.00% | 07/01/2030 | 20 | 21,588 | ||||||||||||
| Mesa (City of), AZ, Series 2014, Ref. RB |
3.25% | 07/01/2030 | 10 | 9,877 | ||||||||||||
| Mesa (City of), AZ, Series 2020, Ref. RB |
4.00% | 07/01/2034 | 85 | 86,048 | ||||||||||||
| Phoenix Civic Improvement Corp., Series 2020 A, RB |
5.00% | 07/01/2040 | 235 | 244,119 | ||||||||||||
| Phoenix Civic Improvement Corp., Series 2020 A, RB |
5.00% | 07/01/2044 | 165 | 169,043 | ||||||||||||
| Phoenix Civic Improvement Corp. (Green Bonds), Series 2020, RB |
5.00% | 07/01/2044 | 150 | 153,676 | ||||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2019, RB |
5.00% | 01/01/2035 | 285 | 304,393 | ||||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2019, RB |
5.00% | 01/01/2037 | 375 | 396,912 | ||||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2025 B, Ref. RB |
5.00% | 01/01/2030 | 20 | 21,816 | ||||||||||||
| Scottsdale Municipal Property Corp., Series 2006, Ref. RB |
5.00% | 07/01/2030 | 10 | 10,650 | ||||||||||||
|
|
|
|||||||||||||||
| 1,744,969 | ||||||||||||||||
|
|
|
|||||||||||||||
| Arkansas-0.00% |
||||||||||||||||
| Springdale (City of), AR, Series 2023 B, RB, (INS - BAM)(a) |
4.25% | 08/01/2053 | 5 | 4,459 | ||||||||||||
|
|
|
|||||||||||||||
| California-16.98% |
||||||||||||||||
| Anaheim (City of), CA Housing & Public Improvements Authority, Series 2024 A, GO Bonds |
5.00% | 10/01/2032 | 15 | 16,357 | ||||||||||||
| Anaheim (City of), CA Housing & Public Improvements Authority, Series 2024 A, GO Bonds |
5.00% | 10/01/2033 | 20 | 21,722 | ||||||||||||
| Antelope Valley Community College District, Series 2020 B, GO Bonds |
4.00% | 08/01/2045 | 45 | 41,839 | ||||||||||||
| Bay Area Toll Authority, Series 2025, Ref. RB |
5.00% | 04/01/2030 | 25 | 27,581 | ||||||||||||
| Bay Area Toll Authority (San Francisco Bay Area), Series 2023 F-1, RB |
5.00% | 04/01/2030 | 245 | 270,290 | ||||||||||||
| California (State of), Series 2015, Ref. GO Bonds |
3.50% | 12/01/2030 | 75 | 74,998 | ||||||||||||
| California (State of), Series 2019, GO Bonds |
5.00% | 04/01/2030 | 30 | 32,250 | ||||||||||||
| California (State of), Series 2019, GO Bonds |
5.00% | 10/01/2030 | 200 | 216,614 | ||||||||||||
| California (State of), Series 2019, Ref. GO Bonds |
5.00% | 04/01/2030 | 200 | 219,031 | ||||||||||||
| California (State of), Series 2020 B, GO Bonds |
5.00% | 11/01/2034 | 350 | 379,016 | ||||||||||||
| California (State of), Series 2020, GO Bonds |
5.00% | 03/01/2030 | 65 | 71,101 | ||||||||||||
| California (State of), Series 2020, GO Bonds |
5.00% | 03/01/2030 | 5 | 5,469 | ||||||||||||
| California (State of), Series 2020, GO Bonds |
5.00% | 03/01/2032 | 20 | 21,735 | ||||||||||||
| California (State of), Series 2020, GO Bonds |
5.00% | 11/01/2032 | 75 | 82,121 | ||||||||||||
| California (State of), Series 2020, GO Bonds |
5.00% | 03/01/2033 | 65 | 70,311 | ||||||||||||
| California (State of), Series 2020, GO Bonds |
5.00% | 03/01/2034 | 200 | 215,300 | ||||||||||||
| California (State of), Series 2020, GO Bonds |
5.00% | 03/01/2034 | 250 | 269,125 | ||||||||||||
| California (State of), Series 2020, GO Bonds |
4.00% | 11/01/2034 | 265 | 269,721 | ||||||||||||
| California (State of), Series 2020, GO Bonds |
5.00% | 03/01/2035 | 10 | 10,714 | ||||||||||||
| California (State of), Series 2020, GO Bonds |
5.00% | 03/01/2035 | 635 | 680,344 | ||||||||||||
| California (State of), Series 2020, GO Bonds |
5.00% | 11/01/2035 | 30 | 32,307 | ||||||||||||
| California (State of), Series 2020, Ref. GO Bonds(b)(c) |
4.00% | 03/01/2030 | 15 | 15,740 | ||||||||||||
| California (State of), Series 2020, Ref. GO Bonds(b)(c) |
5.00% | 03/01/2030 | 15 | 16,401 | ||||||||||||
| California (State of), Series 2020, Ref. GO Bonds(b)(c) |
5.00% | 03/01/2030 | 10 | 10,934 | ||||||||||||
| California (State of), Series 2020, Ref. GO Bonds |
4.00% | 11/01/2030 | 95 | 99,393 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2030 Municipal Bond ETF (BSMU)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| California-(continued) |
||||||||||||||||
| California (State of), Series 2020, Ref. GO Bonds(b)(c) |
4.00% | 11/01/2030 | $ | 5 | $ | 5,270 | ||||||||||
| California (State of), Series 2020, Ref. GO Bonds |
5.00% | 11/01/2030 | 175 | 193,231 | ||||||||||||
| California (State of), Series 2020, Ref. GO Bonds |
5.00% | 03/01/2032 | 50 | 54,338 | ||||||||||||
| California (State of), Series 2020, Ref. GO Bonds |
5.00% | 03/01/2032 | 420 | 456,442 | ||||||||||||
| California (State of), Series 2020, Ref. GO Bonds |
5.00% | 11/01/2032 | 160 | 175,191 | ||||||||||||
| California (State of), Series 2020, Ref. GO Bonds |
5.00% | 03/01/2033 | 105 | 113,579 | ||||||||||||
| California (State of), Series 2020, Ref. GO Bonds |
4.00% | 11/01/2036 | 285 | 286,607 | ||||||||||||
| California (State of), Series 2020, Ref. GO Bonds |
4.00% | 03/01/2037 | 180 | 180,597 | ||||||||||||
| California (State of), Series 2020, Ref. GO Bonds |
4.00% | 11/01/2037 | 155 | 154,780 | ||||||||||||
| California (State of), Series 2020, Ref. GO Bonds |
4.00% | 03/01/2038 | 225 | 224,430 | ||||||||||||
| California (State of), Series 2020, Ref. GO Bonds |
4.00% | 11/01/2039 | 15 | 14,780 | ||||||||||||
| California (State of), Series 2020, Ref. GO Bonds |
4.00% | 11/01/2040 | 30 | 29,503 | ||||||||||||
| California (State of), Series 2021 C, Ref. GO Bonds |
5.00% | 10/01/2030 | 25 | 27,572 | ||||||||||||
| California (State of), Series 2021, GO Bonds |
5.00% | 10/01/2030 | 290 | 319,837 | ||||||||||||
| California (State of), Series 2021, GO Bonds(b)(c) |
5.00% | 12/01/2030 | 5 | 5,525 | ||||||||||||
| California (State of), Series 2021, GO Bonds |
5.00% | 12/01/2034 | 155 | 167,964 | ||||||||||||
| California (State of), Series 2021, GO Bonds |
5.00% | 12/01/2035 | 185 | 199,345 | ||||||||||||
| California (State of), Series 2021, GO Bonds |
5.00% | 12/01/2036 | 160 | 171,225 | ||||||||||||
| California (State of), Series 2021, GO Bonds |
5.00% | 12/01/2043 | 55 | 57,377 | ||||||||||||
| California (State of), Series 2021, Ref. GO Bonds |
5.00% | 09/01/2030 | 80 | 88,128 | ||||||||||||
| California (State of), Series 2021, Ref. GO Bonds |
5.00% | 12/01/2030 | 520 | 574,840 | ||||||||||||
| California (State of), Series 2022, GO Bonds |
5.00% | 04/01/2030 | 115 | 125,943 | ||||||||||||
| California (State of), Series 2022, Ref. GO Bonds |
5.00% | 09/01/2030 | 35 | 38,556 | ||||||||||||
| California (State of), Series 2022, Ref. GO Bonds |
5.00% | 11/01/2030 | 405 | 447,191 | ||||||||||||
| California (State of), Series 2023, GO Bonds |
5.00% | 10/01/2030 | 20 | 22,058 | ||||||||||||
| California (State of), Series 2023, Ref. GO Bonds |
5.00% | 09/01/2030 | 10 | 11,016 | ||||||||||||
| California (State of), Series 2023, Ref. GO Bonds |
5.00% | 09/01/2030 | 65 | 71,604 | ||||||||||||
| California (State of), Series 2024, GO Bonds |
5.00% | 09/01/2030 | 90 | 99,144 | ||||||||||||
| California (State of), Series 2024, GO Bonds |
5.00% | 09/01/2030 | 15 | 16,524 | ||||||||||||
| California (State of), Series 2024, Ref. GO Bonds |
5.00% | 08/01/2030 | 35 | 38,511 | ||||||||||||
| California (State of), Series 2024, Ref. GO Bonds |
5.00% | 08/01/2030 | 15 | 16,505 | ||||||||||||
| California (State of), Series 2024, Ref. GO Bonds |
5.00% | 09/01/2030 | 20 | 22,032 | ||||||||||||
| California (State of) (Bid Group B), Series 2020, GO Bonds |
5.00% | 11/01/2036 | 175 | 187,189 | ||||||||||||
| California (State of) Department of Water Resources, Series 2020 BB, Ref. RB |
5.00% | 12/01/2030 | 45 | 50,328 | ||||||||||||
| California (State of) Department of Water Resources, Series 2020 BB, Ref. RB |
5.00% | 12/01/2032 | 110 | 122,400 | ||||||||||||
| California (State of) Department of Water Resources, Series 2020 BB, Ref. RB |
5.00% | 12/01/2034 | 55 | 60,631 | ||||||||||||
| California (State of) Department of Water Resources, Series 2020 BB, Ref. RB |
5.00% | 12/01/2035 | 190 | 208,119 | ||||||||||||
| California (State of) Department of Water Resources (Central Valley), Series 2020 BB, Ref. RB |
5.00% | 12/01/2033 | 295 | 327,083 | ||||||||||||
| California (State of) Department of Water Resources (Central Valley), Series 2021, RB |
5.00% | 12/01/2030 | 60 | 67,103 | ||||||||||||
| California (State of) Department of Water Resources (Central Valley), Series 2022 BF, Ref. RB |
5.00% | 12/01/2030 | 10 | 11,184 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Commonspirit Health), Series 2020 A, Ref. RB |
5.00% | 04/01/2032 | 75 | 81,101 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Commonspirit Health), Series 2020 A, Ref. RB |
5.00% | 04/01/2033 | 60 | 64,575 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Commonspirit Health), Series 2020 A, Ref. RB |
4.00% | 04/01/2037 | 75 | 72,940 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Commonspirit Health), Series 2020 A, Ref. RB |
4.00% | 04/01/2038 | 150 | 143,649 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Stanford Health Care), Series 2020 A, Ref. RB |
4.00% | 08/15/2050 | 400 | 353,732 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (Academy Motion Picture Arts & Sciences Obligated Group) (Green Bonds), Series 2020, RB |
5.00% | 11/01/2030 | 350 | 386,092 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (Clean Water Revolving Fund) (Green Bonds), Series 2023, RB |
5.00% | 10/01/2030 | 25 | 27,912 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank(Segerstorm Center for The Arts), Series 2023, Ref. RB |
5.00% | 07/01/2030 | 480 | 519,042 | ||||||||||||
| California (State of) Public Works Board, Series 2022 A, Ref. RB |
5.00% | 08/01/2030 | 70 | 76,776 | ||||||||||||
| California (State of) Public Works Board, Series 2022 C, Ref. RB |
5.00% | 08/01/2030 | 25 | 27,420 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2019 C, RB |
5.00% | 11/01/2030 | 235 | 254,329 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2023 B, Ref. RB |
5.00% | 12/01/2030 | 40 | 44,069 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2030 Municipal Bond ETF (BSMU)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| California-(continued) |
||||||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2023 C, Ref. RB |
5.00% | 09/01/2030 | $ | 80 | $ | 87,842 | ||||||||||
| California (State of) Statewide Communities Development Authority (Odd Fellows Home of California), Series 2023, Ref. RB, (INS - Cal-Mortgage)(a) |
4.00% | 04/01/2043 | 50 | 47,582 | ||||||||||||
| California State University, Series 2020 C, RB |
4.00% | 11/01/2051 | 25 | 21,560 | ||||||||||||
| Cambrian School District, Series 2022, GO Bonds |
4.00% | 08/01/2052 | 25 | 22,443 | ||||||||||||
| Chino Valley Unified School District, Series 2020 B, GO Bonds |
5.00% | 08/01/2055 | 445 | 453,821 | ||||||||||||
| Clovis Unified School District (Election of 2020), Series 2022 B, GO Bonds |
5.00% | 08/01/2047 | 50 | 51,030 | ||||||||||||
| East Bay Municipal Utility District, Series 2024 B, Ref. RB |
5.00% | 06/01/2030 | 50 | 55,600 | ||||||||||||
| East Side Union High School District, Series 2024 B, GO Bonds, (INS - AGI)(a) |
5.00% | 08/01/2030 | 40 | 44,235 | ||||||||||||
| Eastern Municipal Water District Financing Authority, Series 2020 A, Ref. RB |
5.00% | 07/01/2036 | 80 | 86,639 | ||||||||||||
| Eastern Municipal Water District Financing Authority, Series 2020 A, Ref. RB |
4.00% | 07/01/2038 | 55 | 54,060 | ||||||||||||
| El Dorado Irrigation District, Series 2020 A, COP |
4.00% | 03/01/2050 | 150 | 132,603 | ||||||||||||
| Fresno Unified School District, Series 2022 B, GO Bonds |
4.00% | 08/01/2055 | 50 | 44,842 | ||||||||||||
| Inglewood Unified School District, Series 2021 A, GO Bonds, (INS - AGI)(a) |
4.00% | 08/01/2046 | 25 | 22,758 | ||||||||||||
| Inglewood Unified School District, Series 2021 A, GO Bonds, (INS - AGI)(a) |
4.00% | 08/01/2051 | 100 | 88,360 | ||||||||||||
| Long Beach (City of), CA, Series 2020 B, Ref. RB |
5.00% | 05/15/2032 | 5 | 5,443 | ||||||||||||
| Long Beach (City of), CA Bond Finance Authority, Series 2007 A, RB |
5.50% | 11/15/2030 | 50 | 53,671 | ||||||||||||
| Los Angeles (City of), CA, Series 2022 C, Ref. RB |
5.00% | 06/01/2030 | 85 | 93,433 | ||||||||||||
| Los Angeles (City of), CA Department of Airports, Series 2020 B, Ref. RB |
5.00% | 05/15/2033 | 40 | 43,363 | ||||||||||||
| Los Angeles (City of), CA Department of Airports, Series 2020 B, Ref. RB |
5.00% | 05/15/2034 | 200 | 215,829 | ||||||||||||
| Los Angeles (City of), CA Department of Airports, Series 2020 B, Ref. RB |
4.00% | 05/15/2035 | 30 | 30,607 | ||||||||||||
| Los Angeles (City of), CA Department of Airports, Series 2020 B, Ref. RB |
4.00% | 05/15/2036 | 295 | 299,504 | ||||||||||||
| Los Angeles (City of), CA Department of Airports, Series 2020 D, RB |
5.00% | 05/15/2044 | 255 | 261,734 | ||||||||||||
| Los Angeles (City of), CA Department of Airports, Series 2020 D, RB |
4.00% | 05/15/2048 | 30 | 27,262 | ||||||||||||
| Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2020 B, Ref. RB |
4.00% | 05/15/2040 | 10 | 9,719 | ||||||||||||
| Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2020, Ref. RB |
5.00% | 05/15/2030 | 25 | 27,142 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2020 A, Ref. RB |
5.00% | 07/01/2040 | 440 | 449,351 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2020 A, Ref. RB |
5.00% | 07/01/2041 | 45 | 45,823 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2020 A, Ref. RB |
5.00% | 07/01/2050 | 245 | 244,644 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2020 B, Ref. RB |
4.00% | 07/01/2030 | 85 | 86,367 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2020 B, Ref. RB |
5.00% | 07/01/2039 | 45 | 46,069 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2020 B, Ref. RB |
5.00% | 07/01/2040 | 80 | 81,700 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2020 B, Ref. RB |
5.00% | 07/01/2050 | 25 | 24,964 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2021 C, Ref. RB |
5.00% | 07/01/2033 | 60 | 63,511 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2021 C, Ref. RB |
5.00% | 07/01/2034 | 305 | 321,337 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2021 C, Ref. RB |
5.00% | 07/01/2036 | 180 | 187,656 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2021 C, Ref. RB |
5.00% | 07/01/2037 | 195 | 202,213 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2021 C, Ref. RB |
5.00% | 07/01/2038 | 15 | 15,452 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2021 C, Ref. RB |
5.00% | 07/01/2040 | 5 | 5,106 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2021 C, Ref. RB |
5.00% | 07/01/2041 | 150 | 152,742 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2023 A, Ref. RB |
5.00% | 07/01/2030 | 100 | 106,829 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2024 A, RB |
5.00% | 07/01/2030 | 575 | 614,266 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2024 B, Ref. RB |
5.00% | 07/01/2030 | 20 | 21,366 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2024 E, Ref. RB |
5.00% | 07/01/2030 | 150 | 160,243 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2021 A, RB |
5.00% | 06/01/2030 | 20 | 22,181 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2024 A, Ref. RB |
5.00% | 06/01/2030 | 5 | 5,545 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2020 A, RB |
4.00% | 06/01/2035 | 200 | 202,122 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2020 A, RB |
4.00% | 06/01/2036 | 275 | 276,554 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2020 A, RB |
5.00% | 06/01/2036 | 315 | 339,116 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2020 A, RB |
4.00% | 06/01/2037 | 30 | 30,012 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2020 A, RB |
5.00% | 06/01/2037 | 425 | 454,784 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2020, RB |
5.00% | 06/01/2030 | 40 | 44,282 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2020, RB |
5.00% | 06/01/2033 | 80 | 87,542 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2020, RB |
5.00% | 06/01/2034 | 200 | 217,753 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Senior Bonds), Series 2023, Ref. RB |
5.00% | 07/01/2030 | 45 | 49,973 | ||||||||||||
| Los Angeles (County of), CA Public Works Financing Authority (Green Bonds), Series 2020 A, RB |
4.00% | 12/01/2043 | 170 | 155,063 | ||||||||||||
| Los Angeles (County of), CA Public Works Financing Authority (Green Bonds), Series 2020 A, RB |
5.00% | 12/01/2045 | 150 | 154,170 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2030 Municipal Bond ETF (BSMU)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| California-(continued) |
||||||||||||||||
| Los Angeles Community College District (Election of 2016), Series 2023 D, GO Bonds |
5.00% | 08/01/2030 | $ | 110 | $ | 122,206 | ||||||||||
| Los Angeles Unified School District, Series 2019 A, Ref. GO Bonds |
5.00% | 07/01/2030 | 120 | 129,679 | ||||||||||||
| Los Angeles Unified School District, Series 2020 A, Ref. GO Bonds |
5.00% | 07/01/2032 | 285 | 311,661 | ||||||||||||
| Los Angeles Unified School District, Series 2020 A, Ref. GO Bonds |
5.00% | 07/01/2033 | 75 | 81,559 | ||||||||||||
| Los Angeles Unified School District, Series 2020 C, GO Bonds |
5.00% | 07/01/2030 | 40 | 44,041 | ||||||||||||
| Los Angeles Unified School District, Series 2020 C, GO Bonds |
4.00% | 07/01/2032 | 40 | 41,717 | ||||||||||||
| Los Angeles Unified School District, Series 2020 C, GO Bonds |
4.00% | 07/01/2033 | 25 | 25,878 | ||||||||||||
| Los Angeles Unified School District, Series 2020 C, GO Bonds |
4.00% | 07/01/2035 | 60 | 61,120 | ||||||||||||
| Los Angeles Unified School District, Series 2020 C, GO Bonds |
4.00% | 07/01/2037 | 185 | 183,359 | ||||||||||||
| Los Angeles Unified School District, Series 2020 C, GO Bonds |
4.00% | 07/01/2038 | 30 | 29,515 | ||||||||||||
| Los Angeles Unified School District, Series 2020 C, GO Bonds |
4.00% | 07/01/2039 | 15 | 14,666 | ||||||||||||
| Los Angeles Unified School District, Series 2020 C, GO Bonds |
4.00% | 07/01/2044 | 20 | 18,503 | ||||||||||||
| Los Angeles Unified School District, Series 2020 RYQ, GO Bonds |
5.00% | 07/01/2030 | 40 | 44,041 | ||||||||||||
| Los Angeles Unified School District, Series 2020 RYQ, GO Bonds |
5.00% | 07/01/2032 | 415 | 453,822 | ||||||||||||
| Los Angeles Unified School District, Series 2020 RYQ, GO Bonds |
5.00% | 07/01/2033 | 380 | 413,231 | ||||||||||||
| Los Angeles Unified School District, Series 2020 RYQ, GO Bonds |
5.00% | 07/01/2035 | 965 | 1,038,129 | ||||||||||||
| Los Angeles Unified School District, Series 2020 RYQ, GO Bonds |
4.00% | 07/01/2036 | 35 | 35,200 | ||||||||||||
| Los Angeles Unified School District, Series 2020 RYQ, GO Bonds |
4.00% | 07/01/2038 | 20 | 19,676 | ||||||||||||
| Los Angeles Unified School District, Series 2020 RYQ, GO Bonds |
4.00% | 07/01/2040 | 90 | 87,548 | ||||||||||||
| Los Angeles Unified School District, Series 2020, GO Bonds |
4.00% | 07/01/2037 | 25 | 24,778 | ||||||||||||
| Los Angeles Unified School District, Series 2021 A, Ref. GO Bonds |
5.00% | 07/01/2030 | 90 | 99,091 | ||||||||||||
| Los Angeles Unified School District, Series 2024 A, Ref. GO Bonds |
5.00% | 07/01/2030 | 135 | 148,637 | ||||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2022 QRR, GO Bonds |
5.00% | 07/01/2030 | 255 | 280,759 | ||||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2023 QRR, GO Bonds |
5.00% | 07/01/2030 | 145 | 159,647 | ||||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2023, COP(b) |
5.00% | 10/01/2030 | 75 | 82,678 | ||||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2023, COP |
5.00% | 10/01/2030 | 50 | 54,963 | ||||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2024 QRR, GO Bonds |
5.00% | 07/01/2030 | 30 | 33,030 | ||||||||||||
| Metropolitan Water District of Southern California, Series 2020 C, Ref. RB |
5.00% | 07/01/2038 | 50 | 53,387 | ||||||||||||
| Metropolitan Water District of Southern California, Series 2020 C, Ref. RB |
5.00% | 07/01/2039 | 165 | 175,389 | ||||||||||||
| Metropolitan Water District of Southern California, Series 2020 C, Ref. RB |
5.00% | 07/01/2040 | 205 | 216,493 | ||||||||||||
| Montebello Unified School District, Series 2022 B, GO Bonds, (INS - AGI)(a) |
5.00% | 08/01/2044 | 5 | 5,149 | ||||||||||||
| Montebello Unified School District, Series 2022 B, GO Bonds, (INS - AGI)(a) |
5.00% | 08/01/2050 | 5 | 5,101 | ||||||||||||
| Northern California Power Agency (Hydroelectric No. 1), Series 2022, Ref. RB |
5.00% | 07/01/2030 | 80 | 89,122 | ||||||||||||
| Orange (County of), CA Local Transportation Authority, Series 2019, RB |
5.00% | 02/15/2030 | 10 | 10,839 | ||||||||||||
| Sacramento (City of), CA Financing Authority (Westlake and Regency Park), Series 2006, Ref. RB, (INS - AMBAC)(a) |
5.25% | 12/01/2030 | 185 | 202,526 | ||||||||||||
| Sacramento (City of), CA Municipal Utility District (Green Bonds), Series 2019 G, RB |
5.00% | 08/15/2030 | 75 | 81,447 | ||||||||||||
| Sacramento (City of), CA Municipal Utility District (Green Bonds), Series 2020 H, RB |
5.00% | 08/15/2035 | 40 | 43,428 | ||||||||||||
| Sacramento (City of), CA Municipal Utility District (Green Bonds), Series 2020 H, RB |
5.00% | 08/15/2036 | 255 | 274,942 | ||||||||||||
| Sacramento (City of), CA Municipal Utility District (Green Bonds), Series 2020 H, RB |
5.00% | 08/15/2037 | 55 | 59,046 | ||||||||||||
| Sacramento (City of), CA Municipal Utility District (Green Bonds), Series 2020 H, RB |
5.00% | 08/15/2038 | 25 | 26,690 | ||||||||||||
| Sacramento (City of), CA Municipal Utility District (Green Bonds), Series 2020 H, RB |
4.00% | 08/15/2045 | 15 | 13,772 | ||||||||||||
| Sacramento (City of), CA Municipal Utility District (Green Bonds), Series 2020 H, RB |
5.00% | 08/15/2050 | 120 | 123,477 | ||||||||||||
| Sacramento (County of), CA Sanitation Districts Financing Authority, Series 2020 A, Ref. RB |
5.00% | 12/01/2030 | 15 | 16,792 | ||||||||||||
| Sacramento (County of), CA Sanitation Districts Financing Authority, Series 2020 A, Ref. RB |
5.00% | 12/01/2041 | 35 | 36,903 | ||||||||||||
| Sacramento (County of), CA Sanitation Districts Financing Authority, Series 2020 A, Ref. RB |
5.00% | 12/01/2050 | 300 | 309,297 | ||||||||||||
| Sacramento (County of), CA Sanitation Districts Financing Authority, Series 2021, Ref. RB |
5.00% | 12/01/2030 | 25 | 27,987 | ||||||||||||
| Sacramento Transportation Authority (Measure A), Series 2023, Ref. RB |
5.00% | 10/01/2030 | 55 | 61,407 | ||||||||||||
| San Diego (City of), CA Public Facilities Financing Authority (Capital Improvement), Series 2021 A, RB |
5.00% | 10/15/2046 | 50 | 51,202 | ||||||||||||
| San Diego (City of), CA Public Facilities Financing Authority (Capital Improvement), Series 2021 A, RB |
4.00% | 10/15/2050 | 20 | 18,147 | ||||||||||||
| San Diego (County of), CA Regional Transportation Commission, Series 2023 A, Ref. RB |
5.00% | 04/01/2030 | 10 | 11,075 | ||||||||||||
| San Diego (County of), CA Regional Transportation Commission (Green Bonds), Series 2020 A, Ref. RB |
4.00% | 04/01/2048 | 30 | 27,475 | ||||||||||||
| San Diego (County of), CA Water Authority (Green Bonds), Series 2021 B, Ref. RB |
5.00% | 05/01/2030 | 75 | 82,813 | ||||||||||||
| San Diego Community College District, Series 2024, GO Bonds |
5.00% | 08/01/2030 | 65 | 72,445 | ||||||||||||
| San Diego Unified School District (Election of 2018), Series 2020 D-2, GO Bonds |
4.00% | 07/01/2036 | 50 | 51,003 | ||||||||||||
| San Diego Unified School District (Election of 2018), Series 2020 D-2, GO Bonds |
4.00% | 07/01/2050 | 20 | 17,940 | ||||||||||||
| San Diego Unified School District (Green Bonds), Series 2022 F-2, GO Bonds |
5.00% | 07/01/2030 | 80 | 88,480 | ||||||||||||
| San Francisco (City & County of), CA, Series 2022-R1, Ref. GO Bonds |
5.00% | 06/15/2030 | 65 | 71,938 | ||||||||||||
| San Francisco (City & County of), CA, Series 2024 R-1, Ref. GO Bonds |
5.00% | 06/15/2030 | 45 | 49,803 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2030 Municipal Bond ETF (BSMU)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| California-(continued) |
||||||||||||||||
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2019 D, Ref. RB |
5.00% | 05/01/2030 | $ | 5 | $ | 5,380 | ||||||||||
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2020, Ref. RB |
4.00% | 05/01/2038 | 40 | 40,033 | ||||||||||||
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2020-B, Ref. RB |
4.00% | 05/01/2037 | 25 | 25,187 | ||||||||||||
| San Francisco (City & County of), CA Public Utilities Commission (Green Bonds), Series 2020 A, RB |
5.00% | 11/01/2045 | 20 | 20,577 | ||||||||||||
| San Francisco (City & County of), CA Public Utilities Commission (Green Bonds), Series 2020 A, RB |
5.00% | 11/01/2050 | 280 | 285,708 | ||||||||||||
| San Francisco (City & County of), CA Public Utilities Commission (Green Bonds), Series 2023 A, RB |
5.00% | 10/01/2030 | 40 | 44,513 | ||||||||||||
| San Francisco (County of), CA Transportation Authority, Series 2017, RB |
3.00% | 02/01/2030 | 200 | 196,861 | ||||||||||||
| San Francisco Unified School District (Election of 2016), Series 2022 C, GO Bonds |
5.00% | 06/15/2039 | 15 | 15,778 | ||||||||||||
| San Francisco Unified School District (Election of 2016), Series 2022 C, GO Bonds |
5.00% | 06/15/2041 | 170 | 176,883 | ||||||||||||
| San Juan Unified School District (Election of 2016), Series 2022, GO Bonds |
4.00% | 08/01/2046 | 75 | 69,109 | ||||||||||||
| San Rafael City High School District, Series 2022 A, GO Bonds |
5.25% | 08/01/2052 | 100 | 103,328 | ||||||||||||
| Santa Clara Valley Transportation Authority, Series 2023 A, Ref. RB |
5.00% | 04/01/2030 | 20 | 22,151 | ||||||||||||
| Santa Rosa (City of), CA, Series 2020 A, RB |
5.00% | 09/01/2033 | 10 | 10,994 | ||||||||||||
| Santa Rosa (City of), CA, Series 2020 A, RB |
5.00% | 09/01/2034 | 160 | 174,557 | ||||||||||||
| Santa Rosa (City of), CA, Series 2020 A, RB |
5.00% | 09/01/2035 | 35 | 37,997 | ||||||||||||
| Southern California Public Power Authority (Mangolia Power), Series 2020 A-1, Ref. RB |
5.00% | 07/01/2036 | 115 | 120,807 | ||||||||||||
| Transbay Joint Powers Authority (Green Bonds), Series 2020 A, RB |
5.00% | 10/01/2045 | 45 | 43,685 | ||||||||||||
| Tulare (County of), CA Local Health Care District, Series 2020, Ref. GO Bonds, (INS - BAM)(a) |
4.00% | 08/01/2039 | 70 | 68,321 | ||||||||||||
| Turlock (City of), CA Irrigation District, Series 2019, Ref. RB |
5.00% | 01/01/2044 | 20 | 20,778 | ||||||||||||
| Turlock (City of), CA Irrigation District, Series 2020, Ref. RB |
5.00% | 01/01/2041 | 375 | 392,754 | ||||||||||||
| Union Sanitary District Financing Authority, Series 2025 A, RB |
5.00% | 03/15/2030 | 60 | 65,925 | ||||||||||||
| University of California, Series 2020 BE, Ref. RB |
5.00% | 05/15/2032 | 65 | 70,693 | ||||||||||||
| University of California, Series 2020 BE, Ref. RB |
5.00% | 05/15/2033 | 25 | 27,078 | ||||||||||||
| University of California, Series 2020 BE, Ref. RB |
5.00% | 05/15/2034 | 25 | 26,955 | ||||||||||||
| University of California, Series 2020 BE, Ref. RB |
5.00% | 05/15/2035 | 95 | 101,826 | ||||||||||||
| University of California, Series 2020 BE, Ref. RB |
5.00% | 05/15/2036 | 75 | 79,794 | ||||||||||||
| University of California, Series 2020 BE, Ref. RB |
4.00% | 05/15/2037 | 10 | 10,078 | ||||||||||||
| University of California, Series 2020 BE, Ref. RB |
5.00% | 05/15/2038 | 325 | 342,351 | ||||||||||||
| University of California, Series 2020 BE, Ref. RB |
5.00% | 05/15/2039 | 195 | 204,858 | ||||||||||||
| University of California, Series 2020 BE, Ref. RB |
4.00% | 05/15/2040 | 15 | 14,643 | ||||||||||||
| University of California, Series 2020 BE, Ref. RB |
5.00% | 05/15/2043 | 100 | 103,075 | ||||||||||||
| University of California, Series 2023 BN, Ref. RB |
5.00% | 05/15/2030 | 90 | 98,647 | ||||||||||||
| University of California, Series 2025, Ref. RB |
5.00% | 05/15/2030 | 20 | 21,922 | ||||||||||||
|
|
|
|||||||||||||||
| 27,273,446 | ||||||||||||||||
|
|
|
|||||||||||||||
| Colorado-2.26% |
||||||||||||||||
| Arapahoe County School District No. 5 Cherry Creek, Series 2021, GO Bonds |
5.00% | 12/15/2038 | 65 | 68,871 | ||||||||||||
| Arapahoe County School District No. 5 Cherry Creek, Series 2021, GO Bonds |
5.00% | 12/15/2039 | 15 | 15,815 | ||||||||||||
| Colorado (State of), Series 2020 A, COP |
5.00% | 12/15/2030 | 45 | 49,385 | ||||||||||||
| Colorado (State of), Series 2020 A, COP |
5.00% | 12/15/2032 | 15 | 16,285 | ||||||||||||
| Colorado (State of), Series 2020 A, COP |
5.00% | 12/15/2033 | 110 | 118,849 | ||||||||||||
| Colorado (State of), Series 2020 A, COP |
4.00% | 12/15/2037 | 5 | 4,873 | ||||||||||||
| Colorado (State of), Series 2021 A, COP |
5.00% | 12/15/2030 | 170 | 186,567 | ||||||||||||
| Colorado (State of) Bridge & Tunnel Enterprise, Series 2024 B, Ref. RB |
5.00% | 12/01/2030 | 50 | 55,246 | ||||||||||||
| Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2019 A-2, Ref. RB |
5.00% | 08/01/2030 | 45 | 47,630 | ||||||||||||
| Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2019, Ref. RB |
5.00% | 08/01/2030 | 55 | 58,214 | ||||||||||||
| Colorado (State of) Health Facilities Authority (Sanford Health), Series 2019 A, Ref. RB |
5.00% | 11/01/2030 | 230 | 243,953 | ||||||||||||
| Colorado (State of) Health Facilities Authority (SCL Health System), Series 2019 A, Ref. RB |
5.00% | 01/01/2030 | 5 | 5,372 | ||||||||||||
| Colorado (State of) Health Facilities Authority (SCL Health System), Series 2019 A, Ref. RB |
5.00% | 01/01/2032 | 35 | 37,562 | ||||||||||||
| Colorado (State of) Health Facilities Authority (SCL Health System), Series 2019 A, Ref. RB |
4.00% | 01/01/2035 | 10 | 9,867 | ||||||||||||
| Colorado (State of) Health Facilities Authority (SCL Health System), Series 2019 A, Ref. RB |
4.00% | 01/01/2036 | 125 | 121,725 | ||||||||||||
| Colorado (State of) Health Facilities Authority (SCL Health System), Series 2019 A, Ref. RB |
4.00% | 01/01/2037 | 60 | 57,754 | ||||||||||||
| Colorado (State of) Health Facilities Authority (SCL Health System), Series 2019 A, Ref. RB |
4.00% | 01/01/2038 | 205 | 194,477 | ||||||||||||
| Colorado (State of) Health Facilities Authority (SCL Health System), Series 2019 B, Ref. RB |
4.00% | 01/01/2040 | 305 | 284,124 | ||||||||||||
| Colorado Springs (City of), CO, Series 2020 C, RB |
5.00% | 11/15/2050 | 250 | 253,968 | ||||||||||||
| Colorado Springs (City of), CO, Series 2022 A, Ref. RB |
5.00% | 11/15/2030 | 15 | 16,595 | ||||||||||||
| Denver (City & County of), CO, Series 2020 A, GO Bonds |
5.00% | 08/01/2033 | 275 | 298,868 | ||||||||||||
| Denver (City & County of), CO, Series 2020 A-1, Ref. RB |
5.00% | 11/15/2032 | 45 | 48,985 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2030 Municipal Bond ETF (BSMU)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Colorado-(continued) |
||||||||||||||||
| Denver (City & County of), CO, Series 2020 B, Ref. GO Bonds |
5.00% | 08/01/2030 | $ | 180 | $ | 198,420 | ||||||||||
| Denver (City & County of), CO, Series 2022 C, RB |
5.00% | 11/15/2030 | 5 | 5,495 | ||||||||||||
| Denver (City & County of), CO, Series 2023, Ref. COP |
5.00% | 12/01/2030 | 10 | 10,969 | ||||||||||||
| Denver City & County School District No. 1, Series 2021, GO Bonds |
5.00% | 12/01/2032 | 25 | 27,358 | ||||||||||||
| Denver City & County School District No. 1, Series 2021, GO Bonds |
5.00% | 12/01/2033 | 250 | 272,143 | ||||||||||||
| Denver City & County School District No. 1, Series 2021, GO Bonds |
5.00% | 12/01/2034 | 230 | 249,177 | ||||||||||||
| Denver City & County School District No. 1, Series 2021, GO Bonds |
4.00% | 12/01/2037 | 5 | 4,987 | ||||||||||||
| Denver City & County School District No. 1, Series 2021, GO Bonds |
5.00% | 12/01/2038 | 50 | 52,894 | ||||||||||||
| Denver City & County School District No. 1, Series 2021, GO Bonds |
5.00% | 12/01/2039 | 20 | 21,064 | ||||||||||||
| E-470 Public Highway Authority, Series 2020 A, Ref. RB |
5.00% | 09/01/2034 | 35 | 37,509 | ||||||||||||
| E-470 Public Highway Authority, Series 2020 A, Ref. RB |
5.00% | 09/01/2036 | 75 | 79,429 | ||||||||||||
| Jefferson County School District R-1, Series 2020, GO Bonds |
4.00% | 12/15/2032 | 115 | 118,947 | ||||||||||||
| Jefferson County School District R-1, Series 2020, GO Bonds |
4.00% | 12/15/2033 | 135 | 138,544 | ||||||||||||
| Jefferson County School District R-1, Series 2020, GO Bonds |
4.00% | 12/15/2034 | 15 | 15,241 | ||||||||||||
| Jefferson County School District R-1, Series 2020, GO Bonds |
4.00% | 12/15/2035 | 60 | 60,518 | ||||||||||||
| Jefferson County School District R-1, Series 2020, GO Bonds |
4.00% | 12/15/2036 | 50 | 50,078 | ||||||||||||
| Jefferson County School District R-1, Series 2020, GO Bonds |
4.00% | 12/15/2037 | 20 | 19,799 | ||||||||||||
| Jefferson County School District R-1, Series 2020, GO Bonds |
4.00% | 12/15/2038 | 55 | 54,002 | ||||||||||||
| University of Colorado, Series 2025 B, Ref. RB |
5.00% | 06/01/2030 | 15 | 16,422 | ||||||||||||
| Weld County School District No. RE-5J, Series 2021, GO Bonds |
4.00% | 12/01/2045 | 10 | 8,982 | ||||||||||||
|
|
|
|||||||||||||||
| 3,636,963 | ||||||||||||||||
|
|
|
|||||||||||||||
| Connecticut-2.64% |
||||||||||||||||
| Connecticut (State of), Series 2019 A, GO Bonds |
5.00% | 04/15/2030 | 35 | 37,571 | ||||||||||||
| Connecticut (State of), Series 2020 A, GO Bonds |
5.00% | 01/15/2030 | 90 | 97,943 | ||||||||||||
| Connecticut (State of), Series 2020 A, GO Bonds |
5.00% | 01/15/2032 | 5 | 5,399 | ||||||||||||
| Connecticut (State of), Series 2020 A, GO Bonds |
4.00% | 01/15/2033 | 5 | 5,114 | ||||||||||||
| Connecticut (State of), Series 2020 A, GO Bonds |
4.00% | 01/15/2034 | 40 | 40,657 | ||||||||||||
| Connecticut (State of), Series 2020 A, GO Bonds |
4.00% | 01/15/2035 | 70 | 70,724 | ||||||||||||
| Connecticut (State of), Series 2020 A, GO Bonds |
4.00% | 01/15/2036 | 30 | 30,168 | ||||||||||||
| Connecticut (State of), Series 2020 A, GO Bonds |
4.00% | 01/15/2037 | 25 | 25,017 | ||||||||||||
| Connecticut (State of), Series 2020 A, GO Bonds |
4.00% | 01/15/2038 | 35 | 34,605 | ||||||||||||
| Connecticut (State of), Series 2020 A, GO Bonds |
5.00% | 01/15/2040 | 10 | 10,332 | ||||||||||||
| Connecticut (State of), Series 2020 A, RB |
5.00% | 05/01/2034 | 100 | 107,220 | ||||||||||||
| Connecticut (State of), Series 2020 A, RB |
5.00% | 05/01/2038 | 245 | 256,169 | ||||||||||||
| Connecticut (State of), Series 2020 A, RB |
4.00% | 05/01/2039 | 160 | 155,745 | ||||||||||||
| Connecticut (State of), Series 2020 C, GO Bonds |
4.00% | 06/01/2030 | 80 | 83,401 | ||||||||||||
| Connecticut (State of), Series 2020 C, GO Bonds |
4.00% | 06/01/2032 | 30 | 30,900 | ||||||||||||
| Connecticut (State of), Series 2020 C, GO Bonds |
4.00% | 06/01/2033 | 395 | 404,039 | ||||||||||||
| Connecticut (State of), Series 2020 C, GO Bonds |
4.00% | 06/01/2035 | 60 | 60,555 | ||||||||||||
| Connecticut (State of), Series 2020 C, GO Bonds |
4.00% | 06/01/2037 | 250 | 249,745 | ||||||||||||
| Connecticut (State of), Series 2020 C, GO Bonds |
4.00% | 06/01/2038 | 270 | 265,349 | ||||||||||||
| Connecticut (State of), Series 2020 C, GO Bonds |
4.00% | 06/01/2039 | 160 | 155,609 | ||||||||||||
| Connecticut (State of), Series 2020, RB |
5.00% | 05/01/2030 | 285 | 311,395 | ||||||||||||
| Connecticut (State of), Series 2020, RB |
5.00% | 05/01/2032 | 105 | 113,750 | ||||||||||||
| Connecticut (State of), Series 2020, RB |
5.00% | 05/01/2033 | 60 | 64,652 | ||||||||||||
| Connecticut (State of), Series 2020, RB |
4.00% | 05/01/2036 | 75 | 75,351 | ||||||||||||
| Connecticut (State of), Series 2020, RB |
5.00% | 05/01/2037 | 120 | 126,289 | ||||||||||||
| Connecticut (State of), Series 2020, RB |
5.00% | 05/01/2040 | 15 | 15,523 | ||||||||||||
| Connecticut (State of), Series 2021 A, GO Bonds |
4.00% | 01/15/2030 | 40 | 41,621 | ||||||||||||
| Connecticut (State of), Series 2021 A, RB |
5.00% | 05/01/2030 | 95 | 103,798 | ||||||||||||
| Connecticut (State of), Series 2021 D, RB |
5.00% | 11/01/2030 | 55 | 60,498 | ||||||||||||
| Connecticut (State of), Series 2022 A, GO Bonds |
4.00% | 01/15/2030 | 10 | 10,405 | ||||||||||||
| Connecticut (State of), Series 2022 B, Ref. RB |
5.00% | 07/01/2030 | 50 | 54,753 | ||||||||||||
| Connecticut (State of), Series 2022 D, Ref. GO Bonds |
5.00% | 09/15/2030 | 255 | 280,010 | ||||||||||||
| Connecticut (State of), Series 2022 E, GO Bonds |
5.00% | 11/15/2030 | 40 | 44,021 | ||||||||||||
| Connecticut (State of), Series 2022 G, Ref. GO Bonds |
5.00% | 11/15/2030 | 110 | 121,058 | ||||||||||||
| Connecticut (State of), Series 2023 B, Ref. RB |
5.00% | 07/01/2030 | 250 | 273,767 | ||||||||||||
| Connecticut (State of), Series 2024 A, GO Bonds |
5.00% | 01/15/2030 | 60 | 65,295 | ||||||||||||
| Connecticut (State of), Series 2024 A-1, RB |
5.00% | 07/01/2030 | 15 | 16,426 | ||||||||||||
| Connecticut (State of) (Green Bonds), Series 2021 B, GO Bonds |
4.00% | 06/01/2030 | 40 | 41,701 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2030 Municipal Bond ETF (BSMU)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Connecticut-(continued) |
||||||||||||||||
| Connecticut (State of) (Green Bonds), Series 2021 D, Ref. GO Bonds |
5.00% | 07/15/2030 | $ | 55 | $ | 60,260 | ||||||||||
| Connecticut (State of) (Social Bonds), Series 2024 C, Ref. GO Bonds |
5.00% | 03/01/2030 | 5 | 5,451 | ||||||||||||
| Connecticut (State of) Health & Educational Facilities Authority (Hartford Healthcare), Series 2020 A, RB |
4.00% | 07/01/2038 | 100 | 94,607 | ||||||||||||
| Connecticut (State of) Health & Educational Facilities Authority (Hartford Healthcare), Series 2020 A, RB |
4.00% | 07/01/2039 | 25 | 23,280 | ||||||||||||
| New Haven (City of), CT, Series 2024, Ref. GO Bonds, (INS - AGI)(a) |
5.00% | 08/01/2030 | 100 | 108,681 | ||||||||||||
|
|
|
|||||||||||||||
| 4,238,854 | ||||||||||||||||
|
|
|
|||||||||||||||
| Delaware-0.66% |
||||||||||||||||
| Delaware (State of), Series 2020 A, GO Bonds |
5.00% | 01/01/2030 | 250 | 273,717 | ||||||||||||
| Delaware (State of), Series 2020 A, GO Bonds |
4.00% | 01/01/2032 | 100 | 103,657 | ||||||||||||
| Delaware (State of), Series 2020 A, GO Bonds |
4.00% | 01/01/2033 | 10 | 10,324 | ||||||||||||
| Delaware (State of), Series 2023 A, GO Bonds |
5.00% | 05/01/2030 | 275 | 302,582 | ||||||||||||
| Delaware (State of) Transportation Authority, Series 2020, Ref. RB |
5.00% | 07/01/2030 | 235 | 258,388 | ||||||||||||
| Delaware (State of) Transportation Authority, Series 2020, Ref. RB |
5.00% | 07/01/2032 | 25 | 27,276 | ||||||||||||
| Delaware (State of) Transportation Authority (Garvee), Series 2020, Ref. RB |
5.00% | 09/01/2032 | 25 | 27,058 | ||||||||||||
| Delaware (State of) Transportation Authority (Garvee), Series 2020, Ref. RB |
5.00% | 09/01/2033 | 15 | 16,112 | ||||||||||||
| Delaware (State of) Transportation Authority (Garvee), Series 2020, Ref. RB |
5.00% | 09/01/2034 | 40 | 42,670 | ||||||||||||
|
|
|
|||||||||||||||
| 1,061,784 | ||||||||||||||||
|
|
|
|||||||||||||||
| District of Columbia-2.07% |
||||||||||||||||
| District of Columbia, Series 2019 A, RB |
5.00% | 03/01/2030 | 65 | 69,816 | ||||||||||||
| District of Columbia, Series 2019 C, Ref. RB |
5.00% | 10/01/2030 | 20 | 21,479 | ||||||||||||
| District of Columbia, Series 2020 A, RB |
5.00% | 03/01/2030 | 50 | 54,415 | ||||||||||||
| District of Columbia, Series 2020 A, RB |
5.00% | 03/01/2032 | 200 | 215,814 | ||||||||||||
| District of Columbia, Series 2020 A, RB |
5.00% | 03/01/2033 | 125 | 134,142 | ||||||||||||
| District of Columbia, Series 2020 A, RB |
5.00% | 03/01/2034 | 250 | 266,884 | ||||||||||||
| District of Columbia, Series 2020 A, RB |
5.00% | 03/01/2035 | 50 | 53,147 | ||||||||||||
| District of Columbia, Series 2020 A, RB |
5.00% | 03/01/2036 | 195 | 205,979 | ||||||||||||
| District of Columbia, Series 2020 A, RB |
5.00% | 03/01/2037 | 170 | 178,348 | ||||||||||||
| District of Columbia, Series 2020 A, RB |
5.00% | 03/01/2038 | 290 | 301,897 | ||||||||||||
| District of Columbia, Series 2020 A, RB |
5.00% | 03/01/2039 | 75 | 77,569 | ||||||||||||
| District of Columbia, Series 2020 B, Ref. RB |
5.00% | 10/01/2030 | 50 | 54,834 | ||||||||||||
| District of Columbia, Series 2020 C, RB |
5.00% | 05/01/2033 | 125 | 134,339 | ||||||||||||
| District of Columbia, Series 2020 C, RB |
5.00% | 05/01/2035 | 220 | 234,103 | ||||||||||||
| District of Columbia, Series 2020 C, RB |
5.00% | 05/01/2036 | 35 | 37,003 | ||||||||||||
| District of Columbia, Series 2020 C, RB |
4.00% | 05/01/2038 | 25 | 24,925 | ||||||||||||
| District of Columbia, Series 2020 C, RB |
4.00% | 05/01/2040 | 10 | 9,727 | ||||||||||||
| District of Columbia, Series 2020, RB |
5.00% | 12/01/2030 | 60 | 64,581 | ||||||||||||
| District of Columbia, Series 2022 C, Ref. RB |
5.00% | 12/01/2030 | 20 | 21,981 | ||||||||||||
| District of Columbia, Series 2023 A, GO Bonds |
5.00% | 01/01/2030 | 20 | 21,718 | ||||||||||||
| District of Columbia, Series 2023 B, Ref. GO Bonds |
5.00% | 06/01/2030 | 65 | 70,974 | ||||||||||||
| District of Columbia, Series 2024 A, Ref. RB |
5.00% | 10/01/2030 | 20 | 21,934 | ||||||||||||
| Washington Metropolitan Area Transit Authority, Series 2020 A, RB |
5.00% | 07/15/2030 | 35 | 38,174 | ||||||||||||
| Washington Metropolitan Area Transit Authority, Series 2020 A, RB |
5.00% | 07/15/2032 | 55 | 59,462 | ||||||||||||
| Washington Metropolitan Area Transit Authority, Series 2020 A, RB |
5.00% | 07/15/2033 | 80 | 86,044 | ||||||||||||
| Washington Metropolitan Area Transit Authority, Series 2020 A, RB |
5.00% | 07/15/2035 | 100 | 106,489 | ||||||||||||
| Washington Metropolitan Area Transit Authority, Series 2020 A, RB |
5.00% | 07/15/2037 | 395 | 415,492 | ||||||||||||
| Washington Metropolitan Area Transit Authority, Series 2020 A, RB |
5.00% | 07/15/2039 | 105 | 108,986 | ||||||||||||
| Washington Metropolitan Area Transit Authority, Series 2020 A, RB |
5.00% | 07/15/2045 | 225 | 227,221 | ||||||||||||
|
|
|
|||||||||||||||
| 3,317,477 | ||||||||||||||||
|
|
|
|||||||||||||||
| Florida-3.14% |
||||||||||||||||
| Brevard County School District, Series 2024 A, Ref. COP |
5.00% | 07/01/2030 | 110 | 119,700 | ||||||||||||
| Broward (County of), FL School Board, Series 2020 A, COP |
5.00% | 07/01/2030 | 105 | 113,848 | ||||||||||||
| Broward (County of), FL School Board, Series 2020 A, COP |
5.00% | 07/01/2032 | 160 | 171,760 | ||||||||||||
| Broward (County of), FL School Board, Series 2020 A, COP |
5.00% | 07/01/2033 | 105 | 112,242 | ||||||||||||
| Broward (County of), FL School Board, Series 2020 A, COP |
5.00% | 07/01/2034 | 155 | 165,205 | ||||||||||||
| Central Florida Expressway Authority, Series 2021, Ref. RB, (INS - AGI)(a) |
5.00% | 07/01/2030 | 205 | 224,489 | ||||||||||||
| Duval County (County of), FL School Board, Series 2022 A, COP, (INS - AGI)(a) |
5.00% | 07/01/2030 | 25 | 27,143 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2030 Municipal Bond ETF (BSMU)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Florida-(continued) |
||||||||||||||||
| Duval County (County of), FL School Board, Series 2022 A, COP, (INS - AGI)(a) |
5.00% | 07/01/2032 | $ | 205 | $ | 220,563 | ||||||||||
| Duval County (County of), FL School Board, Series 2022 A, COP, (INS - AGI)(a) |
5.00% | 07/01/2033 | 250 | 267,845 | ||||||||||||
| Duval County (County of), FL School Board, Series 2022 A, COP, (INS - AGI)(a) |
5.00% | 07/01/2034 | 135 | 143,889 | ||||||||||||
| Duval County (County of), FL School Board, Series 2022 A, COP, (INS - AGI)(a) |
5.00% | 07/01/2035 | 100 | 106,039 | ||||||||||||
| Florida (State of), Series 2021 A, Ref. GO Bonds |
5.00% | 06/01/2030 | 215 | 235,804 | ||||||||||||
| Florida (State of), Series 2021 B, Ref. GO Bonds |
5.00% | 06/01/2030 | 30 | 32,903 | ||||||||||||
| Florida (State of), Series 2022 B, Ref. GO Bonds |
5.00% | 06/01/2030 | 75 | 82,257 | ||||||||||||
| Florida (State of), Series 2023 A, Ref. GO Bonds |
5.00% | 06/01/2030 | 60 | 65,806 | ||||||||||||
| Florida (State of) (Capital Outlay), Series 2015 E, Ref. GO Bonds |
3.00% | 06/01/2030 | 60 | 58,139 | ||||||||||||
| Florida (State of) (Right-of-Way Acquisition), Series 2021 A, Ref. GO Bonds |
5.00% | 07/01/2030 | 100 | 109,903 | ||||||||||||
| Jacksonville (City of), FL, Series 2015, Ref. RB |
3.00% | 10/01/2030 | 185 | 182,343 | ||||||||||||
| JEA Electric System, Series 2020 3-A, Ref. RB |
5.00% | 10/01/2034 | 115 | 122,484 | ||||||||||||
| JEA Electric System, Series 2020 3-A, Ref. RB |
5.00% | 10/01/2035 | 115 | 121,683 | ||||||||||||
| JEA Electric System, Third Series 2024 A, Ref. RB, (INS - AGI)(a) |
5.00% | 10/01/2030 | 55 | 60,260 | ||||||||||||
| JEA Water & Sewer System, Series 2024 A, Ref. RB |
5.00% | 10/01/2030 | 5 | 5,478 | ||||||||||||
| Miami-Dade (County of), FL, Series 2015 B, Ref. GO Bonds |
3.00% | 07/01/2030 | 55 | 54,193 | ||||||||||||
| Miami-Dade (County of), FL, Series 2016, GO Bonds |
4.00% | 07/01/2036 | 45 | 45,363 | ||||||||||||
| Miami-Dade (County of), FL, Series 2020 A, Ref. RB |
5.00% | 10/01/2032 | 55 | 59,383 | ||||||||||||
| Miami-Dade (County of), FL, Series 2020 A, Ref. RB |
5.00% | 10/01/2033 | 20 | 21,448 | ||||||||||||
| Miami-Dade (County of), FL, Series 2020 A, Ref. RB |
4.00% | 10/01/2036 | 305 | 302,428 | ||||||||||||
| Miami-Dade (County of), FL, Series 2020 A, Ref. RB |
4.00% | 10/01/2037 | 115 | 112,781 | ||||||||||||
| Miami-Dade (County of), FL, Series 2020 A, Ref. RB |
4.00% | 10/01/2038 | 45 | 43,567 | ||||||||||||
| Miami-Dade (County of), FL, Series 2020 A, Ref. RB |
4.00% | 10/01/2041 | 100 | 93,687 | ||||||||||||
| Miami-Dade (County of), FL, Series 2020 C, RB |
4.00% | 04/01/2036 | 145 | 145,481 | ||||||||||||
| Miami-Dade (County of), FL, Series 2021, RB |
5.00% | 10/01/2030 | 35 | 38,420 | ||||||||||||
| Miami-Dade (County of), FL, Series 2024 B, RB |
5.00% | 10/01/2030 | 80 | 87,816 | ||||||||||||
| Miami-Dade (County of), FL Transit System, Series 2020 A, RB |
5.00% | 07/01/2043 | 20 | 20,504 | ||||||||||||
| North Miami Beach (City of), FL, Series 2020 A, RB |
5.00% | 08/01/2049 | 250 | 252,728 | ||||||||||||
| Palm Beach County School District, Series 2020 A, COP |
5.00% | 08/01/2033 | 130 | 139,107 | ||||||||||||
| Palm Beach County School District, Series 2020 A, COP |
5.00% | 08/01/2034 | 120 | 128,014 | ||||||||||||
| Pasco (County of), FL School Board, Series 2020 C, COP, (INS - AGI)(a) |
5.00% | 08/01/2033 | 15 | 16,176 | ||||||||||||
| Pasco (County of), FL School Board, Series 2020 C, COP, (INS - AGI)(a) |
5.00% | 08/01/2034 | 45 | 48,313 | ||||||||||||
| Pasco (County of), FL School Board, Series 2020 C, COP, (INS - AGI)(a) |
5.00% | 08/01/2035 | 115 | 122,492 | ||||||||||||
| Polk (County of), FL, Series 2020, Ref. RB |
4.00% | 10/01/2043 | 375 | 349,435 | ||||||||||||
| Sarasota (County of), FL, Series 2020 A, RB |
5.00% | 10/01/2045 | 5 | 5,146 | ||||||||||||
| Tampa (City of), FL, Series 2020 A, RB |
5.00% | 10/01/2046 | 200 | 206,093 | ||||||||||||
|
|
|
|||||||||||||||
| 5,042,358 | ||||||||||||||||
|
|
|
|||||||||||||||
| Georgia-1.70% |
||||||||||||||||
| Atlanta (City of), GA, Series 2004, RB, (INS - AGI)(a) |
5.75% | 11/01/2030 | 110 | 124,974 | ||||||||||||
| Atlanta (City of), GA (Green Bonds), Series 2024, RB, (INS - BAM)(a) |
5.00% | 11/01/2030 | 45 | 49,451 | ||||||||||||
| Atlanta (City of), GA Department of Aviation, Series 2020 A, Ref. RB |
5.00% | 07/01/2030 | 75 | 82,019 | ||||||||||||
| DeKalb (County of), GA, Series 2022, Ref. RB |
5.00% | 10/01/2030 | 35 | 38,438 | ||||||||||||
| Gainesville (City of) & Hall (County of), GA Hospital Authority (Northeast Georgia Health System, Inc.), Series 2020, Ref. RB |
5.00% | 02/15/2032 | 100 | 106,939 | ||||||||||||
| Gainesville (City of) & Hall (County of), GA Hospital Authority (Northeast Georgia Health System, Inc.), Series 2020, Ref. RB |
5.00% | 02/15/2033 | 135 | 143,844 | ||||||||||||
| Gainesville (City of) & Hall (County of), GA Hospital Authority (Northeast Georgia Health System, Inc.), Series 2024, RB |
5.00% | 10/15/2030 | 5 | 5,424 | ||||||||||||
| Georgia (State of), Series 2015 A, GO Bonds |
3.00% | 02/01/2030 | 75 | 74,918 | ||||||||||||
| Georgia (State of), Series 2022 A, GO Bonds |
5.00% | 07/01/2030 | 80 | 88,121 | ||||||||||||
| Georgia (State of), Series 2023 C, Ref. GO Bonds |
4.00% | 01/01/2030 | 65 | 68,161 | ||||||||||||
| Georgia (State of) (Bid Group 2), Series 2020 A, GO Bonds |
4.00% | 08/01/2034 | 60 | 61,353 | ||||||||||||
| Georgia (State of) (Bidding Group 1), Series 2020 A, GO Bonds |
5.00% | 08/01/2030 | 105 | 115,798 | ||||||||||||
| Georgia (State of) (Bidding Group 1), Series 2020 A, GO Bonds |
5.00% | 08/01/2032 | 75 | 82,205 | ||||||||||||
| Georgia (State of) (Bidding Group 1), Series 2020 A, GO Bonds |
4.00% | 08/01/2035 | 95 | 96,444 | ||||||||||||
| Georgia (State of) (Bidding Group 1), Series 2021 A, Ref. GO Bonds |
5.00% | 07/01/2030 | 10 | 11,015 | ||||||||||||
| Georgia (State of) (Bidding Group 2), Series 2020 A, GO Bonds |
5.00% | 08/01/2033 | 120 | 130,724 | ||||||||||||
| Georgia (State of) (Bidding Group 3), Series 2022 C, Ref. GO Bonds |
5.00% | 07/01/2030 | 155 | 170,734 | ||||||||||||
| Georgia (State of) (Tranche 2), Series 2019 A, GO Bonds |
5.00% | 07/01/2030 | 55 | 59,414 | ||||||||||||
| Georgia (State of) Ports Authority, Series 2022, RB |
5.00% | 07/01/2030 | 75 | 82,278 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2030 Municipal Bond ETF (BSMU)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Georgia-(continued) |
||||||||||||||||
| Georgia (State of) Road & Tollway Authority (Garvee), Series 2020, RB |
5.00% | 06/01/2030 | $ | 45 | $ | 49,267 | ||||||||||
| Georgia (State of) Road & Tollway Authority (Garvee), Series 2020, RB |
5.00% | 06/01/2032 | 115 | 125,028 | ||||||||||||
| Henry County School District, Series 2021, GO Bonds |
4.00% | 08/01/2030 | 20 | 20,800 | ||||||||||||
| Metropolitan Atlanta Rapid Transit Authority (Green Bonds), Series 2024 B, RB |
5.00% | 07/01/2030 | 40 | 43,862 | ||||||||||||
| Private Colleges & Universities Authority (Emory University), Series 2020 B, Ref. RB |
5.00% | 09/01/2030 | 60 | 65,790 | ||||||||||||
| Private Colleges & Universities Authority (Emory University), Series 2020 B, Ref. RB |
5.00% | 09/01/2032 | 55 | 59,887 | ||||||||||||
| Private Colleges & Universities Authority (Emory University), Series 2020 B, Ref. RB |
5.00% | 09/01/2033 | 340 | 367,747 | ||||||||||||
| Private Colleges & Universities Authority (Emory University), Series 2020 B, Ref. RB |
5.00% | 09/01/2034 | 50 | 53,833 | ||||||||||||
| Private Colleges & Universities Authority (Emory University), Series 2020 B, Ref. RB |
4.00% | 09/01/2035 | 285 | 287,054 | ||||||||||||
| Private Colleges & Universities Authority (Emory University), Series 2020 B, Ref. RB |
4.00% | 09/01/2037 | 10 | 9,877 | ||||||||||||
| Private Colleges & Universities Authority (Emory University), Series 2020 B, Ref. RB |
4.00% | 09/01/2038 | 30 | 29,110 | ||||||||||||
| Private Colleges & Universities Authority (Emory University), Series 2020 B, Ref. RB |
4.00% | 09/01/2039 | 10 | 9,527 | ||||||||||||
| Private Colleges & Universities Authority (Emory University), Series 2020 B, Ref. RB |
4.00% | 09/01/2040 | 25 | 23,532 | ||||||||||||
|
|
|
|||||||||||||||
| 2,737,568 | ||||||||||||||||
|
|
|
|||||||||||||||
| Guam-0.02% |
||||||||||||||||
| Guam (Territory of) Waterworks Authority, Series 2020 A, RB |
5.00% | 01/01/2050 | 40 | 38,309 | ||||||||||||
|
|
|
|||||||||||||||
| Hawaii-0.60% |
||||||||||||||||
| Hawaii (State of), Series 2019 FW, GO Bonds |
5.00% | 01/01/2030 | 30 | 32,063 | ||||||||||||
| Hawaii (State of), Series 2020 C, RB |
5.00% | 07/01/2050 | 125 | 125,999 | ||||||||||||
| Hawaii (State of), Series 2020 D, Ref. RB |
5.00% | 07/01/2030 | 500 | 546,794 | ||||||||||||
| Hawaii (State of), Series 2020 D, Ref. RB |
5.00% | 07/01/2032 | 20 | 21,645 | ||||||||||||
| Hawaii (State of), Series 2020 D, Ref. RB |
5.00% | 07/01/2033 | 5 | 5,388 | ||||||||||||
| Honolulu (City & County of), HI (Honolulu Rail Transit), Series 2020 B, Ref. GO Bonds |
5.00% | 03/01/2030 | 40 | 43,680 | ||||||||||||
| Honolulu (City & County of), HI (Honolulu Rail Transit), Series 2021, GO Bonds |
5.00% | 03/01/2030 | 165 | 180,181 | ||||||||||||
|
|
|
|||||||||||||||
| 955,750 | ||||||||||||||||
|
|
|
|||||||||||||||
| Idaho-0.07% |
||||||||||||||||
| Idaho State Building Authority, Series 2024 A, RB |
5.00% | 06/01/2030 | 50 | 54,862 | ||||||||||||
| Idaho State Building Authority (School Modernization Facilities), Series 2025, RB |
5.00% | 06/01/2030 | 50 | 54,863 | ||||||||||||
|
|
|
|||||||||||||||
| 109,725 | ||||||||||||||||
|
|
|
|||||||||||||||
| Illinois-4.72% |
||||||||||||||||
| Chicago (City of), IL, Series 2020 A, Ref. GO Bonds |
5.00% | 01/01/2030 | 160 | 166,612 | ||||||||||||
| Chicago (City of), IL, Series 2023 B, Ref. RB, (INS - AGI)(a) |
5.00% | 01/01/2030 | 310 | 334,011 | ||||||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2020 A, Ref. RB |
5.00% | 01/01/2034 | 200 | 212,926 | ||||||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2020 A, Ref. RB |
4.00% | 01/01/2035 | 310 | 310,488 | ||||||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2020 A, Ref. RB |
4.00% | 01/01/2036 | 195 | 193,683 | ||||||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2020 A, Ref. RB |
4.00% | 01/01/2037 | 590 | 579,659 | ||||||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2020 A, Ref. RB, (INS - AGI)(a) |
4.00% | 01/01/2037 | 85 | 84,357 | ||||||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2020 B, Ref. RB |
5.00% | 01/01/2032 | 20 | 21,451 | ||||||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2024 D, Ref. RB |
5.00% | 01/01/2030 | 55 | 59,382 | ||||||||||||
| Chicago (City of), IL Metropolitan Water Reclamation District, Series 2021 C, Ref. GO Bonds |
5.00% | 12/01/2030 | 60 | 66,008 | ||||||||||||
| Cook (County of), IL, Series 2021 A, Ref. GO Bonds |
5.00% | 11/15/2033 | 200 | 214,223 | ||||||||||||
| Illinois (State of), Series 2016, GO Bonds |
3.50% | 06/01/2030 | 35 | 34,029 | ||||||||||||
| Illinois (State of), Series 2020 B, GO Bonds |
5.00% | 10/01/2030 | 245 | 261,368 | ||||||||||||
| Illinois (State of), Series 2020 B, GO Bonds |
4.00% | 10/01/2032 | 60 | 59,703 | ||||||||||||
| Illinois (State of), Series 2020 B, GO Bonds |
4.00% | 10/01/2033 | 10 | 9,884 | ||||||||||||
| Illinois (State of), Series 2020 B, GO Bonds |
4.00% | 10/01/2034 | 15 | 14,701 | ||||||||||||
| Illinois (State of), Series 2020 C, GO Bonds |
4.00% | 10/01/2037 | 25 | 23,564 | ||||||||||||
| Illinois (State of), Series 2020, GO Bonds |
5.50% | 05/01/2030 | 5 | 5,269 | ||||||||||||
| Illinois (State of), Series 2020, GO Bonds |
5.50% | 05/01/2039 | 275 | 287,892 | ||||||||||||
| Illinois (State of), Series 2021 A, GO Bonds |
5.00% | 03/01/2030 | 40 | 42,464 | ||||||||||||
| Illinois (State of), Series 2021 A, GO Bonds |
5.00% | 12/01/2030 | 205 | 220,470 | ||||||||||||
| Illinois (State of), Series 2022 B, Ref. GO Bonds |
5.00% | 03/01/2030 | 50 | 53,080 | ||||||||||||
| Illinois (State of), Series 2023 B, GO Bonds |
5.00% | 05/01/2030 | 105 | 111,634 | ||||||||||||
| Illinois (State of), Series 2023 B, GO Bonds |
5.00% | 12/01/2030 | 80 | 85,459 | ||||||||||||
| Illinois (State of), Series 2023 C, GO Bonds |
5.00% | 05/01/2030 | 40 | 42,435 | ||||||||||||
| Illinois (State of), Series 2023 D, Ref. GO Bonds |
5.00% | 07/01/2030 | 160 | 170,349 | ||||||||||||
| Illinois (State of), Series 2024 A, RB |
5.00% | 06/15/2030 | 65 | 69,623 | ||||||||||||
| Illinois (State of), Series 2024 B, GO Bonds |
5.00% | 05/01/2030 | 50 | 53,275 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2030 Municipal Bond ETF (BSMU)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Illinois-(continued) |
||||||||||||||||
| Illinois (State of), Series 2024, Ref. GO Bonds |
5.00% | 02/01/2030 | $ | 105 | $ | 111,377 | ||||||||||
| Illinois (State of) Finance Authority (Advocate Health Care Network), Series 2008 A, Ref. RB |
5.00% | 11/01/2030 | 160 | 165,596 | ||||||||||||
| Illinois (State of) Finance Authority (Green Bonds), Series 2020, RB |
5.00% | 07/01/2030 | 55 | 60,093 | ||||||||||||
| Illinois (State of) Finance Authority (Northshore Edward Elmhurst Health Credit Group), Series 2020, Ref. RB |
5.00% | 08/15/2033 | 200 | 213,673 | ||||||||||||
| Illinois (State of) Finance Authority (Northshore Edward Elmhurst Health Credit Group), Series 2020, Ref. RB |
5.00% | 08/15/2034 | 95 | 100,762 | ||||||||||||
| Illinois (State of) Finance Authority (Northshore University Health), Series 2020, Ref. RB |
5.00% | 08/15/2035 | 445 | 468,469 | ||||||||||||
| Illinois (State of) Finance Authority (Northshore University Health), Series 2020, Ref. RB |
4.00% | 08/15/2036 | 330 | 316,183 | ||||||||||||
| Illinois (State of) Finance Authority (Northshore University Health), Series 2020, Ref. RB |
4.00% | 08/15/2037 | 345 | 325,743 | ||||||||||||
| Illinois (State of) Finance Authority (Northshore University Health), Series 2020, Ref. RB |
4.00% | 08/15/2038 | 185 | 171,641 | ||||||||||||
| Illinois (State of) Regional Transportation Authority, Series 2000, RB, (INS - NATL)(a) |
6.50% | 07/01/2030 | 30 | 33,281 | ||||||||||||
| Illinois (State of) Sports Facilities Authority (The), Series 2019, Ref. RB, (INS - BAM)(a) |
5.00% | 06/15/2030 | 15 | 15,741 | ||||||||||||
| Illinois (State of) Toll Highway Authority, Series 2019 A, Ref. RB |
5.00% | 01/01/2030 | 145 | 154,513 | ||||||||||||
| Illinois (State of) Toll Highway Authority, Series 2019 B, Ref. RB |
5.00% | 01/01/2030 | 70 | 76,013 | ||||||||||||
| Illinois (State of) Toll Highway Authority, Series 2019, Ref. RB |
5.00% | 01/01/2030 | 260 | 282,333 | ||||||||||||
| Rosemont (Village of), IL, Series 2020 A, GO Bonds, (INS - BAM)(a) |
5.00% | 12/01/2042 | 100 | 101,352 | ||||||||||||
| Sales Tax Securitization Corp., Series 2020 A, Ref. RB |
5.00% | 01/01/2030 | 115 | 123,046 | ||||||||||||
| Sales Tax Securitization Corp., Series 2020 A, Ref. RB, (INS - BAM)(a) |
4.00% | 01/01/2040 | 225 | 211,888 | ||||||||||||
| Sales Tax Securitization Corp., Series 2021 A, Ref. RB |
5.00% | 01/01/2030 | 550 | 588,481 | ||||||||||||
| Sales Tax Securitization Corp. (Social Bonds), Series 2023 A, Ref. RB |
4.00% | 01/01/2042 | 10 | 9,374 | ||||||||||||
| Springfield (City of), IL, Series 2024, Ref. RB, (INS - BAM)(a) |
5.00% | 03/01/2030 | 40 | 43,036 | ||||||||||||
| University of Illinois, Series 2023 A, Ref. RB |
5.00% | 04/01/2030 | 195 | 211,813 | ||||||||||||
| Wisconsin (State of) Health & Educational Facilities Authority (Unitypoint Health), Series 2024 B, Ref. RB |
5.00% | 04/01/2030 | 10 | 10,811 | ||||||||||||
|
|
|
|||||||||||||||
| 7,583,218 | ||||||||||||||||
|
|
|
|||||||||||||||
| Indiana-0.60% |
||||||||||||||||
| Indiana (State of) Finance Authority (CWA Authority), Series 2021, Ref. RB |
5.00% | 10/01/2030 | 170 | 186,522 | ||||||||||||
| Indiana (State of) Finance Authority (Green Bonds), Series 2021 A, Ref. RB |
5.00% | 02/01/2030 | 280 | 304,642 | ||||||||||||
| Indiana (State of) Finance Authority (Ohio Valley Electrical Corp.), Series 2012 A, RB |
4.25% | 11/01/2030 | 35 | 35,441 | ||||||||||||
| Indiana (State of) Finance Authority (Ohio Valley Electrical Corp.), Series 2012 B, RB |
3.00% | 11/01/2030 | 260 | 251,033 | ||||||||||||
| Indiana (State of) Finance Authority (Stadium), Series 2022 A, Ref. RB |
5.00% | 02/01/2030 | 160 | 171,987 | ||||||||||||
| Indiana (State of) Municipal Power Agency, Series 2025 A, Ref. RB, (INS - AGI)(a) |
5.00% | 01/01/2030 | 15 | 16,248 | ||||||||||||
|
|
|
|||||||||||||||
| 965,873 | ||||||||||||||||
|
|
|
|||||||||||||||
| Iowa-0.26% |
||||||||||||||||
| Iowa (State of), Series 2019 A, Ref. RB |
5.00% | 06/01/2030 | 100 | 107,693 | ||||||||||||
| Iowa (State of) Finance Authority (Green Bonds), Series 2020 A, RB |
5.00% | 08/01/2038 | 170 | 179,627 | ||||||||||||
| Iowa (State of) Finance Authority (Green Bonds), Series 2020 A, RB |
5.00% | 08/01/2044 | 120 | 123,290 | ||||||||||||
|
|
|
|||||||||||||||
| 410,610 | ||||||||||||||||
|
|
|
|||||||||||||||
| Kansas-0.02% |
||||||||||||||||
| Kansas (State of) Department of Transportation, Series 2024 A, Ref. RB |
5.00% | 09/01/2030 | 25 | 27,476 | ||||||||||||
|
|
|
|||||||||||||||
| Kentucky-0.22% |
||||||||||||||||
| Kentucky (Commonwealth of) Property & Building Commission (No. 130), Series 2024 B, Ref. RB |
5.00% | 11/01/2030 | 45 | 49,029 | ||||||||||||
| Kentucky (Commonwealth of) Property & Building Commission (No. 131), Series 2024 A, RB |
5.00% | 10/01/2030 | 150 | 163,421 | ||||||||||||
| Kentucky (Commonwealth of) Turnpike Authority (Revitalizaton), Series 2024, Ref. RB |
5.00% | 07/01/2030 | 75 | 81,871 | ||||||||||||
| Kentucky Bond Development Corp. (Kentucky Communications Network Authority), Series 2019, RB, (INS - BAM)(a) |
5.00% | 09/01/2049 | 50 | 50,376 | ||||||||||||
|
|
|
|||||||||||||||
| 344,697 | ||||||||||||||||
|
|
|
|||||||||||||||
| Louisiana-0.58% |
||||||||||||||||
| Louisiana (State of), Series 2019 A, GO Bonds |
5.00% | 03/01/2030 | 65 | 69,703 | ||||||||||||
| Louisiana (State of), Series 2020 A, GO Bonds |
5.00% | 03/01/2035 | 10 | 10,671 | ||||||||||||
| Louisiana (State of), Series 2020 A, GO Bonds |
5.00% | 03/01/2036 | 150 | 159,251 | ||||||||||||
| Louisiana (State of), Series 2020 A, GO Bonds |
5.00% | 03/01/2037 | 10 | 10,558 | ||||||||||||
| Louisiana (State of), Series 2020 A, GO Bonds |
5.00% | 03/01/2039 | 20 | 20,908 | ||||||||||||
| Louisiana (State of), Series 2023 A, Ref. GO Bonds |
5.00% | 02/01/2030 | 60 | 65,281 | ||||||||||||
| Louisiana (State of), Series 2024 E, GO Bonds |
5.00% | 09/01/2030 | 15 | 16,417 | ||||||||||||
| Louisiana (State of) (Garvee), Series 2023, RB |
5.00% | 09/01/2030 | 75 | 82,009 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2030 Municipal Bond ETF (BSMU)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Louisiana-(continued) |
||||||||||||||||
| Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Entergy Louisiana LLC), Series 2021, Ref. RB |
2.00% | 06/01/2030 | $ | 220 | $ | 198,704 | ||||||||||
| Louisiana (State of) Public Facilities Authority (Tulane University of Louisiana), Series 2020, Ref. RB |
5.00% | 04/01/2045 | 110 | 111,290 | ||||||||||||
| New Orleans (City of), LA, Series 2021 A, GO Bonds |
5.00% | 12/01/2046 | 75 | 74,495 | ||||||||||||
| New Orleans (City of), LA, Series 2021 A, GO Bonds |
5.00% | 12/01/2050 | 115 | 112,679 | ||||||||||||
|
|
|
|||||||||||||||
| 931,966 | ||||||||||||||||
|
|
|
|||||||||||||||
| Maine-0.01% |
||||||||||||||||
| Maine (State of) Turnpike Authority, Series 2020, RB |
5.00% | 07/01/2050 | 15 | 15,226 | ||||||||||||
|
|
|
|||||||||||||||
| Maryland-2.74% |
||||||||||||||||
| Baltimore (City of), MD (Water), Series 2020 A, RB |
5.00% | 07/01/2050 | 100 | 101,294 | ||||||||||||
| Baltimore (County of), MD, Series 2020, GO Bonds |
4.00% | 03/01/2036 | 125 | 126,194 | ||||||||||||
| Baltimore (County of), MD, Series 2020, GO Bonds |
4.00% | 03/01/2037 | 35 | 35,131 | ||||||||||||
| Baltimore (County of), MD, Series 2020, GO Bonds |
4.00% | 03/01/2038 | 10 | 9,935 | ||||||||||||
| Maryland (State of), First Series 2019, GO Bonds |
5.00% | 03/15/2030 | 105 | 112,721 | ||||||||||||
| Maryland (State of), Series 2015 A, GO Bonds |
3.00% | 03/01/2030 | 115 | 113,592 | ||||||||||||
| Maryland (State of), Series 2015 A, GO Bonds |
3.25% | 08/01/2030 | 50 | 49,872 | ||||||||||||
| Maryland (State of), Series 2020, GO Bonds |
5.00% | 08/01/2030 | 145 | 159,692 | ||||||||||||
| Maryland (State of), Series 2020, GO Bonds |
5.00% | 08/01/2032 | 275 | 299,356 | ||||||||||||
| Maryland (State of), Series 2020, GO Bonds |
5.00% | 08/01/2033 | 145 | 157,166 | ||||||||||||
| Maryland (State of), Series 2020, GO Bonds |
4.00% | 03/15/2034 | 5 | 5,100 | ||||||||||||
| Maryland (State of), Series 2022, GO Bonds |
5.00% | 06/01/2030 | 75 | 82,404 | ||||||||||||
| Maryland (State of) (Bidding Group 1), Second Series 2021 A, GO Bonds |
5.00% | 08/01/2030 | 120 | 132,159 | ||||||||||||
| Maryland (State of) (Bidding Group 1), Series 2020 A, GO Bonds |
5.00% | 03/15/2030 | 115 | 125,971 | ||||||||||||
| Maryland (State of) (Bidding Group 1), Series 2021 A, GO Bonds |
5.00% | 03/01/2030 | 115 | 125,901 | ||||||||||||
| Maryland (State of) (Bidding Group 1), Series 2023 A, GO Bonds |
5.00% | 03/15/2030 | 10 | 10,954 | ||||||||||||
| Maryland (State of) (Bidding Group 1), Series 2024, GO Bonds |
5.00% | 06/01/2030 | 55 | 60,429 | ||||||||||||
| Maryland (State of) (Bidding Group 2), Second Series 2019 A, GO Bonds |
5.00% | 08/01/2030 | 225 | 242,905 | ||||||||||||
| Maryland (State of) (Bidding Group 2), Series 2020 A, GO Bonds |
5.00% | 03/15/2032 | 80 | 86,723 | ||||||||||||
| Maryland (State of) (Bidding Group 2), Series 2020 A, GO Bonds |
5.00% | 03/15/2033 | 140 | 151,178 | ||||||||||||
| Maryland (State of) (Bidding Group 2), Series 2020 A, GO Bonds |
5.00% | 08/01/2034 | 250 | 269,797 | ||||||||||||
| Maryland (State of) (Bidding Group 2), Series 2020 A, GO Bonds |
4.00% | 03/15/2035 | 10 | 10,155 | ||||||||||||
| Maryland (State of) (Bidding Group 2), Series 2020 A, GO Bonds |
5.00% | 08/01/2035 | 215 | 230,700 | ||||||||||||
| Maryland (State of) Department of Transportation, Series 2015, RB |
3.00% | 12/15/2030 | 10 | 9,772 | ||||||||||||
| Maryland (State of) Department of Transportation, Series 2016, RB |
3.00% | 11/01/2030 | 60 | 58,680 | ||||||||||||
| Maryland (State of) Department of Transportation, Series 2020, RB |
5.00% | 10/01/2030 | 180 | 198,426 | ||||||||||||
| Maryland (State of) Department of Transportation, Series 2020, RB |
5.00% | 10/01/2033 | 210 | 228,403 | ||||||||||||
| Maryland (State of) Department of Transportation, Series 2020, RB |
5.00% | 10/01/2034 | 45 | 48,720 | ||||||||||||
| Maryland (State of) Department of Transportation, Series 2021 A, RB |
4.00% | 10/01/2030 | 350 | 362,777 | ||||||||||||
| Maryland (State of) Transportation Authority, Series 2020, RB |
5.00% | 07/01/2033 | 15 | 16,238 | ||||||||||||
| Maryland (State of) Transportation Authority, Series 2020, RB |
5.00% | 10/01/2035 | 25 | 26,932 | ||||||||||||
| Maryland (State of) Transportation Authority, Series 2021 A, Ref. RB |
5.00% | 07/01/2030 | 75 | 82,130 | ||||||||||||
| Maryland (State of) Transportation Authority, Series 2024, Ref. RB |
5.00% | 07/01/2030 | 20 | 21,901 | ||||||||||||
| Maryland (State of) Transportation Authority (Transportation Facilities), Series 2020, RB |
5.00% | 07/01/2030 | 105 | 114,982 | ||||||||||||
| Maryland (State of) Transportation Authority (Transportation Facilities), Series 2020, RB |
5.00% | 07/01/2032 | 15 | 16,307 | ||||||||||||
| Maryland (State of) Transportation Authority (Transportation Facilities), Series 2020, RB |
5.00% | 07/01/2034 | 50 | 53,898 | ||||||||||||
| Maryland Water Infrastructure Financing Administration Bay Restoration Fund, Series 2015, RB |
3.00% | 03/01/2030 | 20 | 19,322 | ||||||||||||
| Montgomery (County of), MD, Series 2020 A, GO Bonds |
4.00% | 08/01/2030 | 40 | 41,892 | ||||||||||||
| Montgomery (County of), MD, Series 2020 B, Ref. GO Bonds |
4.00% | 11/01/2030 | 110 | 115,367 | ||||||||||||
| Montgomery (County of), MD (Consolidated Public Improvement), Series 2021 A, Ref. GO Bonds |
5.00% | 08/01/2030 | 65 | 71,652 | ||||||||||||
| Prince George’s (County of), MD, Series 2019 A, GO Bonds |
5.00% | 07/15/2030 | 180 | 194,705 | ||||||||||||
| Washington (State of) Suburban Sanitary Commission, Series 2017, Ref. RB |
3.00% | 06/01/2030 | 15 | 14,712 | ||||||||||||
|
|
|
|||||||||||||||
| 4,396,145 | ||||||||||||||||
|
|
|
|||||||||||||||
| Massachusetts-4.31% |
||||||||||||||||
| Massachusetts (Commonwealth of), Series 2004 A, Ref. GO Bonds, (INS - AMBAC)(a) |
5.50% | 08/01/2030 | 50 | 55,410 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2005, Ref. RB, (INS - NATL)(a) |
5.50% | 01/01/2030 | 35 | 38,687 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2018 B, Ref. GO Bonds |
5.00% | 07/01/2030 | 80 | 87,922 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2018 C, Ref. GO Bonds |
5.00% | 09/01/2030 | 60 | 66,096 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2019 A, GO Bonds |
5.00% | 01/01/2030 | 170 | 181,879 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2019 C, Ref. GO Bonds |
5.00% | 05/01/2030 | 55 | 60,305 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2030 Municipal Bond ETF (BSMU)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Massachusetts-(continued) |
||||||||||||||||
| Massachusetts (Commonwealth of), Series 2019 G, GO Bonds |
5.00% | 09/01/2030 | $ | 90 | $ | 97,244 | ||||||||||
| Massachusetts (Commonwealth of), Series 2020 B, GO Bonds |
4.00% | 03/01/2032 | 25 | 25,870 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2020 B, GO Bonds |
4.00% | 03/01/2033 | 25 | 25,714 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2020 B, Ref. GO Bonds |
5.00% | 07/01/2032 | 15 | 16,285 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2020 B, Ref. GO Bonds |
5.00% | 07/01/2034 | 45 | 48,465 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2020 C, GO Bonds |
2.75% | 03/01/2050 | 15 | 9,931 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2020 D, GO Bonds |
5.00% | 07/01/2030 | 500 | 549,514 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2020 D, GO Bonds |
5.00% | 07/01/2036 | 260 | 276,703 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2020 D, GO Bonds |
5.00% | 07/01/2037 | 105 | 111,149 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2020 D, GO Bonds |
5.00% | 07/01/2038 | 135 | 141,899 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2020 D, GO Bonds |
5.00% | 07/01/2040 | 475 | 494,496 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2020 D, GO Bonds |
5.00% | 07/01/2041 | 70 | 72,369 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2020 D, GO Bonds |
5.00% | 07/01/2045 | 610 | 621,898 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2020 D, GO Bonds |
5.00% | 07/01/2048 | 225 | 228,202 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2020 D, Ref. GO Bonds |
4.00% | 11/01/2034 | 85 | 86,640 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2020 D, Ref. GO Bonds |
4.00% | 11/01/2035 | 295 | 298,421 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2020 D, Ref. GO Bonds |
4.00% | 11/01/2036 | 20 | 20,084 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2020 D, Ref. GO Bonds |
4.00% | 11/01/2037 | 10 | 9,947 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2020 D, Ref. GO Bonds |
4.00% | 11/01/2040 | 5 | 4,807 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2020 E, GO Bonds |
5.00% | 11/01/2032 | 85 | 92,584 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2020 E, GO Bonds |
5.00% | 11/01/2033 | 215 | 233,137 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2020 E, GO Bonds |
5.00% | 11/01/2045 | 435 | 443,976 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2020 E, GO Bonds |
5.00% | 11/01/2050 | 380 | 384,837 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2021 A, Ref. GO Bonds |
5.00% | 09/01/2030 | 10 | 11,016 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2021 C, GO Bonds |
5.00% | 09/01/2030 | 280 | 308,448 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2022 A, Ref. GO Bonds |
5.00% | 10/01/2030 | 5 | 5,514 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2023, GO Bonds |
5.00% | 05/01/2030 | 55 | 60,305 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2024 A, Ref. GO Bonds |
5.00% | 03/01/2030 | 170 | 185,957 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2024 B, Ref. GO Bonds |
5.00% | 11/01/2030 | 20 | 22,083 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2024 G, GO Bonds |
5.00% | 12/01/2030 | 5 | 5,527 | ||||||||||||
| Massachusetts (Commonwealth of) (Rail Enhancement Program), Series 2021 B, RB |
5.00% | 06/01/2043 | 105 | 107,734 | ||||||||||||
| Massachusetts (Commonwealth of) (Rail Enhancement Program) (Green Bonds), Series 2021 A, RB |
5.00% | 06/01/2051 | 35 | 35,376 | ||||||||||||
| Massachusetts (Commonwealth of) Bay Transportation Authority, Series 2004 B, Ref. RB |
5.25% | 07/01/2030 | 210 | 226,957 | ||||||||||||
| Massachusetts (Commonwealth of) Bay Transportation Authority, Series 2005 A, RB |
5.00% | 07/01/2030 | 5 | 5,498 | ||||||||||||
| Massachusetts (Commonwealth of) Bay Transportation Authority, Series 2006 A, RB |
5.25% | 07/01/2030 | 50 | 55,563 | ||||||||||||
| Massachusetts (Commonwealth of) Bay Transportation Authority, Series 2007 A-1, Ref. RB |
5.25% | 07/01/2030 | 180 | 200,027 | ||||||||||||
| Massachusetts (Commonwealth of) Bay Transportation Authority, Series 2020, Ref. RB |
5.00% | 07/01/2034 | 25 | 26,986 | ||||||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Boston Medical Center), Series 2020 A-2, Ref. RB |
5.00% | 07/01/2037 | 65 | 68,151 | ||||||||||||
| Massachusetts (Commonwealth of) Health & Educational Facilities Authority (Boston College), Series 2000, RB |
5.50% | 06/01/2030 | 20 | 22,215 | ||||||||||||
| Massachusetts (Commonwealth of) Health & Educational Facilities Authority (Massachusetts Institute of Technology), Series 2004 M, RB |
|
5.25% |
|
07/01/2030 | 150 | 167,516 | ||||||||||
| Massachusetts (Commonwealth of) School Building Authority (Social Bonds), Series 2020 A, RB |
5.00% | 08/15/2045 | 250 | 255,787 | ||||||||||||
| Massachusetts (Commonwealth of) School Building Authority (Social Bonds), Series 2020 A, RB |
5.00% | 08/15/2050 | 115 | 116,516 | ||||||||||||
| Massachusetts (Commonwealth of) Transportation Trust Fund, Series 2019 A, Ref. RB |
5.00% | 01/01/2030 | 45 | 48,239 | ||||||||||||
| Massachusetts (Commonwealth of) Water Resources Authority, Series 2007 B, Ref. RB, (INS - AGI)(a) |
5.25% | 08/01/2030 | 95 | 105,951 | ||||||||||||
| University of Massachusetts Building Authority, Series 2022-1, RB |
5.00% | 11/01/2052 | 100 | 101,414 | ||||||||||||
|
|
|
|||||||||||||||
| 6,927,251 | ||||||||||||||||
|
|
|
|||||||||||||||
| Michigan-1.39% |
||||||||||||||||
| Detroit City School District, Series 2005 A, Ref. GO Bonds, (INS - AGI)(a) |
5.25% | 05/01/2030 | 205 | 225,722 | ||||||||||||
| Great Lakes Water Authority, Series 2024 A, Ref. RB |
5.00% | 07/01/2030 | 35 | 38,241 | ||||||||||||
| Michigan (State of), Series 2018, GO Bonds |
3.00% | 05/01/2030 | 80 | 79,550 | ||||||||||||
| Michigan (State of), Series 2020 B, RB |
5.00% | 11/15/2032 | 60 | 65,630 | ||||||||||||
| Michigan (State of), Series 2020 B, RB |
5.00% | 11/15/2033 | 720 | 782,730 | ||||||||||||
| Michigan (State of), Series 2020 B, RB |
4.00% | 11/15/2038 | 160 | 153,179 | ||||||||||||
| Michigan (State of), Series 2020, RB |
5.00% | 11/15/2030 | 235 | 260,120 | ||||||||||||
| Michigan (State of), Series 2023, RB |
5.00% | 11/15/2030 | 60 | 66,414 | ||||||||||||
| Michigan (State of) Building Authority (Facilities Program), Series 2020 I, Ref. RB |
5.00% | 10/15/2030 | 165 | 181,386 | ||||||||||||
| Michigan (State of) Finance Authority (Beaumont Health Credit Group), Series 2022, Ref. RB |
5.00% | 04/15/2030 | 35 | 37,757 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2030 Municipal Bond ETF (BSMU)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Michigan-(continued) |
||||||||||||||||
| Michigan (State of) Hospital Finance Authority (Ascension Health Senior Credit Group), Series 2010, Ref. RB |
5.00% | 11/15/2047 | $ | 235 | $ | 237,527 | ||||||||||
| Walled Lake Consolidated School District, Series 2020, GO Bonds |
5.00% | 05/01/2050 | 95 | 96,406 | ||||||||||||
|
|
|
|||||||||||||||
| 2,224,662 | ||||||||||||||||
|
|
|
|||||||||||||||
| Minnesota-1.11% |
||||||||||||||||
| Minnesota (State of), Series 2020 A, GO Bonds |
5.00% | 08/01/2030 | 115 | 126,652 | ||||||||||||
| Minnesota (State of), Series 2020 A, GO Bonds |
5.00% | 08/01/2033 | 45 | 48,995 | ||||||||||||
| Minnesota (State of), Series 2020 A, GO Bonds |
5.00% | 08/01/2035 | 50 | 53,843 | ||||||||||||
| Minnesota (State of), Series 2020 A, GO Bonds |
5.00% | 08/01/2036 | 50 | 53,568 | ||||||||||||
| Minnesota (State of), Series 2020 A, GO Bonds |
5.00% | 08/01/2038 | 35 | 36,982 | ||||||||||||
| Minnesota (State of), Series 2020 A, GO Bonds |
5.00% | 08/01/2040 | 140 | 146,850 | ||||||||||||
| Minnesota (State of), Series 2021 A, GO Bonds |
5.00% | 09/01/2030 | 295 | 325,274 | ||||||||||||
| Minnesota (State of), Series 2021 B, GO Bonds |
5.00% | 09/01/2030 | 60 | 66,281 | ||||||||||||
| Minnesota (State of), Series 2022 A, Ref. RB |
5.00% | 03/01/2030 | 145 | 158,072 | ||||||||||||
| Minnesota (State of), Series 2023 E, Ref. GO Bonds |
5.00% | 08/01/2030 | 200 | 220,669 | ||||||||||||
| Minnesota (State of), Series 2023, COP |
5.00% | 11/01/2030 | 130 | 142,995 | ||||||||||||
| Minnesota (State of), Series 2024 A, GO Bonds |
5.00% | 08/01/2030 | 45 | 49,560 | ||||||||||||
| Minnesota (State of), Series 2024 B, GO Bonds |
5.00% | 08/01/2030 | 5 | 5,517 | ||||||||||||
| Minnesota (State of), Series 2024 D, Ref. GO Bonds |
5.00% | 08/01/2030 | 100 | 110,132 | ||||||||||||
| Minnesota (State of) Public Facilities Authority, Series 2023 A, RB |
5.00% | 03/01/2030 | 55 | 60,214 | ||||||||||||
| Minnesota (State of) Public Facilities Authority, Series 2023 B, Ref. RB |
5.00% | 03/01/2030 | 155 | 169,693 | ||||||||||||
|
|
|
|||||||||||||||
| 1,775,297 | ||||||||||||||||
|
|
|
|||||||||||||||
| Mississippi-0.13% |
||||||||||||||||
| Mississippi (State of), Series 2021 A, GO Bonds |
4.00% | 06/01/2034 | 70 | 70,251 | ||||||||||||
| Mississippi (State of), Series 2021 A, GO Bonds |
4.00% | 06/01/2035 | 30 | 30,006 | ||||||||||||
| Mississippi (State of), Series 2021 A, GO Bonds |
4.00% | 06/01/2036 | 50 | 49,541 | ||||||||||||
| Mississippi (State of), Series 2021 A, GO Bonds |
4.00% | 06/01/2037 | 60 | 59,152 | ||||||||||||
| Mississippi (State of) Development Bank (Desoto County Mississippi Highway Refunding), Series 2024 A, Ref. RB |
5.00% | 01/01/2030 | 5 | 5,401 | ||||||||||||
|
|
|
|||||||||||||||
| 214,351 | ||||||||||||||||
|
|
|
|||||||||||||||
| Missouri-0.79% |
||||||||||||||||
| Curators of the University of Missouri (The), Series 2020 B, RB |
5.00% | 11/01/2030 | 455 | 501,680 | ||||||||||||
| Curators of the University of Missouri (The), Series 2024, Ref. RB |
5.00% | 11/01/2030 | 10 | 11,026 | ||||||||||||
| Jackson County Reorganized School District No. 7, Series 2020, Ref. GO Bonds |
4.00% | 03/01/2030 | 50 | 51,637 | ||||||||||||
| Missouri (State of) Health & Educational Facilities Authority (BJC Health System), Series 2023 A, RB |
5.00% | 05/01/2030 | 5 | 5,408 | ||||||||||||
| Missouri (State of) Health & Educational Facilities Authority (SSM Health), Series 2022 A, RB |
5.00% | 06/01/2030 | 100 | 107,317 | ||||||||||||
| Missouri (State of) Highway & Transportation Commission, Series 2022 A, RB |
5.00% | 05/01/2030 | 105 | 115,077 | ||||||||||||
| Springfield (City of), MO, Series 2015, Ref. RB |
3.38% | 08/01/2030 | 20 | 19,830 | ||||||||||||
| St. Louis (City of), MO, Series 2005, RB, (INS - NATL)(a) |
5.50% | 07/01/2030 | 185 | 205,353 | ||||||||||||
| St. Louis Municipal Finance Corp., Series 2020, RB, (INS - AGI)(a) |
5.00% | 10/01/2049 | 250 | 246,400 | ||||||||||||
|
|
|
|||||||||||||||
| 1,263,728 | ||||||||||||||||
|
|
|
|||||||||||||||
| Montana-0.08% |
||||||||||||||||
| Montana (State of) Facility Finance Authority (SCL Health System), Series 2019 A, Ref. RB |
4.00% | 01/01/2037 | 135 | 129,946 | ||||||||||||
|
|
|
|||||||||||||||
| Nebraska-0.43% |
||||||||||||||||
| Omaha (City of), NE Public Power District, Series 2021 A, RB |
5.00% | 02/01/2046 | 650 | 662,738 | ||||||||||||
| Public Power Generation Agency (Whelan Energy Center Unit 2), Series 2024, Ref. RB |
5.00% | 01/01/2030 | 30 | 32,470 | ||||||||||||
|
|
|
|||||||||||||||
| 695,208 | ||||||||||||||||
|
|
|
|||||||||||||||
| Nevada-0.45% |
||||||||||||||||
| Clark (County of), NV, Series 2019, Ref. RB |
5.00% | 07/01/2030 | 20 | 21,406 | ||||||||||||
| Clark (County of), NV, Series 2020 C, Ref. RB |
5.00% | 07/01/2030 | 125 | 136,699 | ||||||||||||
| Clark (County of), NV Department of Aviation, Series 2019 B, Ref. RB |
5.00% | 07/01/2030 | 30 | 32,109 | ||||||||||||
| Clark (County of), NV Department of Aviation, Series 2019, Ref. RB |
5.00% | 07/01/2030 | 90 | 96,328 | ||||||||||||
| Clark County School District, Series 2020 A, GO Bonds, (INS - AGI)(a) |
4.00% | 06/15/2040 | 50 | 47,012 | ||||||||||||
| Henderson (City of), NV, Series 2020 A-1, GO Bonds |
4.00% | 06/01/2045 | 55 | 49,668 | ||||||||||||
| Las Vegas Valley Water District, Series 2021 C, GO Bonds |
5.00% | 06/01/2030 | 215 | 235,176 | ||||||||||||
| Nevada (State of), Series 2023 A, GO Bonds |
5.00% | 05/01/2030 | 100 | 109,405 | ||||||||||||
|
|
|
|||||||||||||||
| 727,803 | ||||||||||||||||
|
|
|
|||||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2030 Municipal Bond ETF (BSMU)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| New Jersey-2.02% |
||||||||||||||||
| New Jersey (State of), Series 2020 A, GO Bonds |
4.00% | 06/01/2030 | $ | 475 | $ | 496,540 | ||||||||||
| New Jersey (State of), Series 2021, GO Bonds |
2.00% | 06/01/2030 | 600 | 547,615 | ||||||||||||
| New Jersey (State of) Economic Development Authority, Series 2017 A, Ref. RB |
3.38% | 07/01/2030 | 200 | 192,220 | ||||||||||||
| New Jersey (State of) Economic Development Authority (New Jersey Transportation Bonds), Series 2020 A, RB |
5.00% | 11/01/2030 | 20 | 21,394 | ||||||||||||
| New Jersey (State of) Educational Facilities Authority, Series 2024 A, GO Bonds |
5.00% | 03/01/2030 | 235 | 257,058 | ||||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2014 BB-2, RN |
5.00% | 06/15/2030 | 70 | 75,719 | ||||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2020 AA, RB |
4.00% | 06/15/2035 | 385 | 381,256 | ||||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2020 AA, RB |
5.00% | 06/15/2035 | 250 | 264,347 | ||||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2020 AA, RB |
4.00% | 06/15/2036 | 10 | 9,765 | ||||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2020 AA, RB |
5.00% | 06/15/2036 | 145 | 152,139 | ||||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2020 AA, RB |
5.00% | 06/15/2037 | 10 | 10,417 | ||||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2020 AA, RB |
5.00% | 06/15/2039 | 15 | 15,433 | ||||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2020 AA, RB |
5.00% | 06/15/2045 | 50 | 50,446 | ||||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2021 A, Ref. RB |
5.00% | 06/15/2030 | 105 | 113,579 | ||||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2022 AA, Ref. RB |
5.00% | 06/15/2030 | 170 | 183,889 | ||||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2023 AA, RB |
5.00% | 06/15/2030 | 70 | 75,719 | ||||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2024 CC, RB |
5.00% | 06/15/2030 | 160 | 173,082 | ||||||||||||
| New Jersey (State of) Turnpike Authority, Series 2005 A, Ref. RB, (INS - AGI)(a) |
5.25% | 01/01/2030 | 15 | 16,461 | ||||||||||||
| New Jersey (State of) Turnpike Authority, Series 2022 C, Ref. RB |
5.00% | 01/01/2030 | 105 | 113,691 | ||||||||||||
| South Jersey Transportation Authority, Series 2020 A, RB |
5.00% | 11/01/2045 | 90 | 90,217 | ||||||||||||
|
|
|
|||||||||||||||
| 3,240,987 | ||||||||||||||||
|
|
|
|||||||||||||||
| New Mexico-0.32% |
||||||||||||||||
| New Mexico (State of), Series 2023, GO Bonds |
5.00% | 03/01/2030 | 75 | 81,831 | ||||||||||||
| New Mexico (State of) Finance Authority, Series 2021 A, RB |
5.00% | 06/15/2030 | 120 | 131,447 | ||||||||||||
| New Mexico (State of) Severance Tax Permanent Fund, Series 2021 A, RB |
5.00% | 07/01/2030 | 125 | 136,698 | ||||||||||||
| New Mexico (State of) Severance Tax Permanent Fund, Series 2022 A, RB |
5.00% | 07/01/2030 | 155 | 169,506 | ||||||||||||
|
|
|
|||||||||||||||
| 519,482 | ||||||||||||||||
|
|
|
|||||||||||||||
| New York-23.40% |
||||||||||||||||
| Battery Park (City of), NY Authority, Series 2023 B, Ref. RB |
5.00% | 11/01/2030 | 5 | 5,585 | ||||||||||||
| Brookhaven Local Development Corp. (Long Island Community Hospital), Series 2020, Ref. RB |
5.00% | 10/01/2050 | 150 | 149,592 | ||||||||||||
| Hudson Yards Infrastructure Corp. (Green Bonds), Series 2021, Ref. RB |
5.00% | 02/15/2030 | 30 | 32,947 | ||||||||||||
| Long Island (City of), NY Power Authority, Series 2020 A, Ref. RB |
5.00% | 09/01/2034 | 70 | 75,367 | ||||||||||||
| Long Island (City of), NY Power Authority, Series 2020 A, Ref. RB |
5.00% | 09/01/2035 | 25 | 26,764 | ||||||||||||
| Long Island (City of), NY Power Authority, Series 2020 A, Ref. RB |
5.00% | 09/01/2037 | 255 | 269,277 | ||||||||||||
| Long Island (City of), NY Power Authority, Series 2020 A, Ref. RB |
4.00% | 09/01/2039 | 70 | 69,091 | ||||||||||||
| Long Island (City of), NY Power Authority, Series 2021 A, Ref. RB |
5.00% | 09/01/2030 | 60 | 66,096 | ||||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2020 A-1, RB |
4.00% | 11/15/2040 | 10 | 9,208 | ||||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2020 A-1, RB |
5.00% | 11/15/2047 | 75 | 74,934 | ||||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2020 A-1, RB |
5.00% | 11/15/2049 | 20 | 19,901 | ||||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2020 A-1, RB, (INS - AGI)(a) |
4.00% | 11/15/2041 | 25 | 22,807 | ||||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2020 C-1, RB |
4.75% | 11/15/2045 | 620 | 608,477 | ||||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2020 C-1, RB |
5.00% | 11/15/2050 | 1,525 | 1,514,129 | ||||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2020 C-1, RB |
5.25% | 11/15/2055 | 550 | 558,278 | ||||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2020 D-1, RB |
5.00% | 11/15/2043 | 5 | 5,030 | ||||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2020 D-1, RB |
5.00% | 11/15/2044 | 125 | 125,350 | ||||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2020 D-1, RB |
5.00% | 11/15/2045 | 5 | 5,001 | ||||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2020 E, Ref. RB |
5.00% | 11/15/2030 | 295 | 318,947 | ||||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2020 E, Ref. RB |
5.00% | 11/15/2032 | 230 | 247,865 | ||||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2020 E, Ref. RB |
5.00% | 11/15/2033 | 175 | 187,569 | ||||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2024 A, Ref. RB |
5.00% | 11/15/2030 | 200 | 216,235 | ||||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2024 B, Ref. RB |
5.00% | 11/15/2030 | 70 | 75,682 | ||||||||||||
| New York & New Jersey (States of) Port Authority, One Hundred Eighty Third Series 2014, RB |
3.25% | 12/15/2030 | 80 | 79,198 | ||||||||||||
| New York & New Jersey (States of) Port Authority, Series 2020-222, Ref. RB |
4.00% | 07/15/2040 | 35 | 33,513 | ||||||||||||
| New York & New Jersey (States of) Port Authority, Series 2021, Ref. RB |
5.00% | 07/15/2030 | 10 | 11,011 | ||||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Forty Five Series 2024, Ref. RB |
5.00% | 09/01/2030 | 25 | 27,578 | ||||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Thirtieth Series 2022, Ref. RB |
4.00% | 12/01/2030 | 35 | 36,889 | ||||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Twelfth Series 2019, Ref. RB |
5.00% | 09/01/2030 | 130 | 140,045 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2030 Municipal Bond ETF (BSMU)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| New York-(continued) |
||||||||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Twenty Second Series 2020, Ref. RB |
5.00% | 07/15/2032 | $ | 105 | $ | 114,448 | ||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Twenty Second Series 2020, Ref. RB |
5.00% | 07/15/2033 | 140 | 151,948 | ||||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Twenty Second Series 2020, Ref. RB |
5.00% | 07/15/2034 | 260 | 280,580 | ||||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Twenty Second Series 2020, Ref. RB |
5.00% | 07/15/2035 | 275 | 294,838 | ||||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Twenty Second Series 2020, Ref. RB |
4.00% | 07/15/2036 | 70 | 69,934 | ||||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Twenty Second Series 2020, Ref. RB |
4.00% | 07/15/2037 | 15 | 14,830 | ||||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Twenty Second Series 2020, Ref. RB |
4.00% | 07/15/2038 | 10 | 9,776 | ||||||||||||
| New York (City of), NY, Series 2005-1, GO Bonds |
5.00% | 09/01/2030 | 15 | 16,425 | ||||||||||||
| New York (City of), NY, Series 2020 A-1, Ref. GO Bonds |
5.00% | 08/01/2030 | 200 | 218,757 | ||||||||||||
| New York (City of), NY, Series 2020 A-1, Ref. GO Bonds |
4.00% | 08/01/2034 | 5 | 5,052 | ||||||||||||
| New York (City of), NY, Series 2020 B-1, Ref. GO Bonds |
5.00% | 11/01/2030 | 5 | 5,487 | ||||||||||||
| New York (City of), NY, Series 2020 B-1, Ref. GO Bonds |
5.00% | 11/01/2032 | 250 | 271,269 | ||||||||||||
| New York (City of), NY, Series 2020 C, GO Bonds |
5.00% | 08/01/2032 | 365 | 395,154 | ||||||||||||
| New York (City of), NY, Series 2020 C, GO Bonds |
5.00% | 08/01/2033 | 135 | 145,262 | ||||||||||||
| New York (City of), NY, Series 2020 C, GO Bonds |
5.00% | 08/01/2034 | 10 | 10,684 | ||||||||||||
| New York (City of), NY, Series 2020 C, GO Bonds |
5.00% | 08/01/2035 | 150 | 159,421 | ||||||||||||
| New York (City of), NY, Series 2020 C, GO Bonds |
4.00% | 08/01/2036 | 30 | 29,855 | ||||||||||||
| New York (City of), NY, Series 2020 C, GO Bonds |
5.00% | 08/01/2038 | 200 | 208,861 | ||||||||||||
| New York (City of), NY, Series 2020 C, GO Bonds |
5.00% | 08/01/2042 | 70 | 71,617 | ||||||||||||
| New York (City of), NY, Series 2020 C-1, Ref. GO Bonds |
5.00% | 08/01/2030 | 760 | 831,277 | ||||||||||||
| New York (City of), NY, Series 2020 C-1, Ref. GO Bonds |
5.00% | 08/01/2032 | 30 | 32,478 | ||||||||||||
| New York (City of), NY, Series 2020 C-1, Ref. GO Bonds |
5.00% | 08/01/2033 | 500 | 538,006 | ||||||||||||
| New York (City of), NY, Series 2020 C-1, Ref. GO Bonds |
5.00% | 08/01/2034 | 25 | 26,710 | ||||||||||||
| New York (City of), NY, Series 2020 D-1, GO Bonds |
4.00% | 03/01/2036 | 500 | 499,665 | ||||||||||||
| New York (City of), NY, Series 2020 D-1, GO Bonds |
5.00% | 03/01/2037 | 25 | 26,244 | ||||||||||||
| New York (City of), NY, Series 2020 D-1, GO Bonds |
5.00% | 03/01/2038 | 15 | 15,652 | ||||||||||||
| New York (City of), NY, Series 2020 D-1, GO Bonds |
5.00% | 03/01/2043 | 100 | 101,794 | ||||||||||||
| New York (City of), NY, Series 2021 C, GO Bonds |
5.00% | 08/01/2030 | 410 | 448,452 | ||||||||||||
| New York (City of), NY, Series 2021-1, GO Bonds |
5.00% | 04/01/2030 | 40 | 43,561 | ||||||||||||
| New York (City of), NY, Series 2021-1, GO Bonds |
5.00% | 08/01/2030 | 25 | 27,345 | ||||||||||||
| New York (City of), NY, Series 2022 B-1, Ref. GO Bonds |
5.00% | 08/01/2030 | 95 | 103,910 | ||||||||||||
| New York (City of), NY, Series 2022 C, Ref. GO Bonds |
5.00% | 08/01/2030 | 35 | 38,283 | ||||||||||||
| New York (City of), NY, Series 2023, A GO Bonds |
5.00% | 08/01/2030 | 10 | 10,938 | ||||||||||||
| New York (City of), NY, Series 2024 A, Ref. GO Bonds |
5.00% | 08/01/2030 | 80 | 87,503 | ||||||||||||
| New York (City of), NY, Series 2024 C, GO Bonds |
5.00% | 03/01/2030 | 110 | 119,662 | ||||||||||||
| New York (City of), NY, Series 2024 D, GO Bonds |
5.00% | 04/01/2030 | 35 | 38,116 | ||||||||||||
| New York (City of), NY, Subseries 2008 L-6, GO Bonds |
5.00% | 04/01/2030 | 55 | 58,570 | ||||||||||||
| New York (City of), NY, Subseries 2022 B-1, GO Bonds |
5.00% | 10/01/2030 | 15 | 16,442 | ||||||||||||
| New York (City of), NY, Subseries 2023 F-1, Ref. GO Bonds |
5.00% | 08/01/2030 | 235 | 257,040 | ||||||||||||
| New York (City of), NY, Subseries 2024 C-1, GO Bonds |
5.00% | 09/01/2030 | 25 | 27,374 | ||||||||||||
| New York (City of), NY Industrial Development Agency (Yankee Stadium), Series 2020 A, Ref. RB, (INS - AGI)(a) |
5.00% | 03/01/2030 | 5 | 5,375 | ||||||||||||
| New York (City of), NY Industrial Development Agency (Yankee Stadium), Series 2020, Ref. RB, (INS - AGI)(a) |
4.00% | 03/01/2032 | 280 | 280,733 | ||||||||||||
| New York (City of), NY Industrial Development Agency (Yankee Stadium), Series 2021, Ref. RB, (INS - AGI)(a) |
5.00% | 01/01/2030 | 285 | 306,571 | ||||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2020 DD-1, RB |
5.00% | 06/15/2030 | 125 | 137,169 | ||||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2020 DD-3, Ref. RB |
4.00% | 06/15/2042 | 10 | 9,207 | ||||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2020 EE, Ref. RB |
5.00% | 06/15/2030 | 165 | 181,063 | ||||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2020 FF, Ref. RB |
5.00% | 06/15/2041 | 70 | 72,591 | ||||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2020 GG, RB |
5.00% | 06/15/2030 | 160 | 175,576 | ||||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2020 GG-1, RB |
5.00% | 06/15/2048 | 400 | 405,287 | ||||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2020 GG-1, RB |
5.00% | 06/15/2050 | 250 | 252,754 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2030 Municipal Bond ETF (BSMU)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| New York-(continued) |
||||||||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2020, Ref. RB |
5.00% | 06/15/2041 | $ | 10 | $ | 10,370 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2020, Ref. RB |
5.00% | 06/15/2050 | 190 | 192,368 | ||||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2022 AA-2, Ref. RB |
5.00% | 06/15/2032 | 225 | 246,867 | ||||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2022 E, Ref. RB |
5.00% | 06/15/2030 | 235 | 257,878 | ||||||||||||
| New York (City of), NY Municipal Water Finance Authority, Subseries 2021 AA-2, Ref. RB |
5.00% | 06/15/2030 | 115 | 126,196 | ||||||||||||
| New York (City of), NY Municipal Water Finance Authority, Subseries 2021 AA-2, Ref. RB |
5.00% | 06/15/2032 | 170 | 186,521 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2010 F-5, RB |
5.00% | 02/01/2030 | 330 | 358,443 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2010, RB |
5.00% | 05/01/2030 | 40 | 43,590 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2020 A, Ref. RB |
4.00% | 11/01/2038 | 175 | 168,442 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2020 C-1, RB |
4.00% | 05/01/2037 | 15 | 14,806 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2020 C-1, RB |
4.00% | 05/01/2039 | 405 | 388,070 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2020 C-1, RB |
4.00% | 05/01/2039 | 50 | 47,910 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2020 C-1, RB |
4.00% | 05/01/2040 | 5 | 4,729 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2020 D, RB |
5.00% | 11/01/2037 | 60 | 62,736 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2020 D, RB |
4.00% | 11/01/2040 | 150 | 141,756 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2020, RB |
5.00% | 05/01/2033 | 420 | 452,357 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2020, RB |
5.00% | 05/01/2033 | 260 | 280,030 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2020, RB |
5.00% | 05/01/2034 | 275 | 294,591 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2020, RB |
5.00% | 05/01/2034 | 100 | 107,124 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2020, RB |
5.00% | 05/01/2037 | 105 | 110,222 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2020, RB |
4.00% | 11/01/2038 | 10 | 9,625 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2020, RB |
4.00% | 11/01/2039 | 5 | 4,751 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2020, RB |
4.00% | 05/01/2040 | 25 | 23,643 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2020, RB |
5.00% | 05/01/2041 | 550 | 565,352 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2020, Ref. RB |
5.00% | 11/01/2030 | 105 | 115,166 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2020, Ref. RB |
5.00% | 11/01/2032 | 110 | 118,824 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2020, Ref. RB |
5.00% | 11/01/2033 | 420 | 451,243 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2020, Ref. RB |
4.00% | 11/01/2035 | 325 | 324,972 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2020, Ref. RB |
5.00% | 11/01/2036 | 55 | 58,059 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2021 A, Ref. RB |
4.00% | 11/01/2034 | 30 | 30,220 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2021 A-1, Ref. RB |
5.00% | 11/01/2030 | 70 | 76,777 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2021, Ref. RB |
5.00% | 11/01/2030 | 150 | 164,523 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022 A-1, RB |
5.00% | 08/01/2030 | 110 | 120,261 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022 B-1, Ref. RB |
5.00% | 11/01/2030 | 85 | 93,230 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022 S-1A, Ref. RB |
5.00% | 07/15/2030 | 90 | 98,116 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022, Ref. RB |
5.00% | 11/01/2030 | 20 | 21,936 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023 E-1, Ref. RB |
5.00% | 11/01/2030 | 60 | 65,809 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023, RB |
5.00% | 05/01/2030 | 35 | 38,141 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2024 C, RB |
5.00% | 05/01/2030 | 20 | 21,795 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2024 D-1, Ref. RB |
5.00% | 11/01/2030 | 30 | 32,905 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2024, RB |
5.00% | 05/01/2030 | 10 | 10,897 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2024, Ref. RB |
5.00% | 11/01/2030 | 5 | 5,484 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2024, Ref. RB |
5.00% | 11/01/2030 | 65 | 71,293 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2015 B-1, RB |
3.00% | 11/01/2030 | 25 | 24,646 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2020 C-1, RB |
5.00% | 05/01/2035 | 235 | 250,384 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2020 C-1, RB |
4.00% | 05/01/2038 | 230 | 223,643 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2021 C-1, RB |
5.00% | 05/01/2032 | 50 | 54,142 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2021 C-1, RB |
4.00% | 05/01/2035 | 55 | 55,143 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2021 C-1, RB |
4.00% | 05/01/2036 | 10 | 9,969 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2021 D-1, RB |
5.00% | 11/01/2034 | 50 | 53,419 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2021 D-1, RB |
5.00% | 11/01/2036 | 65 | 68,615 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2021 S-1, Ref. RB |
5.00% | 07/15/2030 | 205 | 223,486 | ||||||||||||
| New York (City of), NY Trust for Cultural Resources (The) (Lincoln Center for Performing Arts), Series 2020 A, Ref. RB |
5.00% | 12/01/2032 | 145 | 156,810 | ||||||||||||
| New York (City of), NY Trust for Cultural Resources (The) (Lincoln Center for Performing Arts), Series 2020 A, Ref. RB |
4.00% | 12/01/2033 | 10 | 10,139 | ||||||||||||
| New York (City of), NY Trust for Cultural Resources (The) (Lincoln Center for Performing Arts), Series 2020 A, Ref. RB |
4.00% | 12/01/2034 | 110 | 110,720 | ||||||||||||
| New York (City of), NY Trust for Cultural Resources (The) (Lincoln Center for Performing Arts), Series 2020 A, Ref. RB |
4.00% | 12/01/2035 | 10 | 9,975 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2030 Municipal Bond ETF (BSMU)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| New York-(continued) |
||||||||||||||||
| New York (State of), Series 2023 C, Ref. GO Bonds |
5.00% | 03/15/2030 | $ | 45 | $ | 49,526 | ||||||||||
| New York (State of) Dormitory Authority, Series 2005 B, Ref. RB, (INS - AMBAC)(a) |
5.50% | 03/15/2030 | 35 | 38,885 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2019 A, Ref. RB |
5.00% | 03/15/2030 | 70 | 74,589 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2019 A, Ref. RB |
5.00% | 07/01/2030 | 35 | 37,647 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2019 D, Ref. RB |
5.00% | 02/15/2030 | 110 | 119,641 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2020 A, Ref. RB |
5.00% | 03/15/2030 | 160 | 174,217 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2020 A, Ref. RB |
5.00% | 07/01/2030 | 175 | 192,591 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2020 A, Ref. RB |
5.00% | 03/15/2032 | 185 | 201,404 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2020 A, Ref. RB |
5.00% | 03/15/2033 | 40 | 43,363 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2020 A, Ref. RB |
4.00% | 03/15/2034 | 205 | 206,620 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2020 A, Ref. RB |
4.00% | 03/15/2035 | 150 | 149,909 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2020 A, Ref. RB |
4.00% | 03/15/2037 | 80 | 78,944 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2020 A, Ref. RB |
4.00% | 03/15/2046 | 20 | 17,675 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2020 A-2, Ref. RB |
5.00% | 07/01/2030 | 220 | 242,114 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2020 D, Ref. RB |
5.00% | 02/15/2032 | 120 | 129,589 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2020 D, Ref. RB |
5.00% | 02/15/2033 | 295 | 317,375 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2020 D, Ref. RB |
5.00% | 02/15/2034 | 830 | 889,446 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2020 D, Ref. RB |
5.00% | 02/15/2035 | 120 | 128,009 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2020 D, Ref. RB |
4.00% | 02/15/2036 | 205 | 203,632 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2020 D, Ref. RB |
4.00% | 02/15/2037 | 400 | 395,112 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2020 D, Ref. RB |
4.00% | 02/15/2038 | 100 | 97,376 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2020 D, Ref. RB |
4.00% | 02/15/2039 | 280 | 266,616 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2020 D, Ref. RB |
4.00% | 02/15/2040 | 25 | 23,455 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2020 D, Ref. RB |
5.00% | 02/15/2041 | 405 | 416,879 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2021 A, RB, (INS - AGI)(a) |
5.00% | 10/01/2030 | 125 | 134,995 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2021 A, Ref. RB |
5.00% | 03/15/2030 | 55 | 59,887 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2021, RB |
5.00% | 07/01/2030 | 5 | 5,453 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2021, Ref. RB |
5.00% | 03/15/2030 | 5 | 5,444 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2022 A, RB, (INS - BAM)(a) |
5.00% | 10/01/2030 | 85 | 92,867 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2022 A, RB, (INS - BAM)(a) |
5.00% | 10/01/2033 | 410 | 441,898 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2022 A, RB, (INS - BAM)(a) |
5.00% | 10/01/2034 | 420 | 450,543 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2022 A, RB, (INS - BAM)(a) |
5.00% | 10/01/2036 | 285 | 303,471 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2022 A, RB, (INS - BAM)(a) |
5.00% | 10/01/2042 | 365 | 372,506 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2022 A, Ref. RB |
5.00% | 03/15/2030 | 25 | 27,221 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2022, RB, (INS - BAM)(a) |
5.00% | 10/01/2032 | 85 | 92,061 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2022, RB, (INS - BAM)(a) |
5.00% | 10/01/2035 | 170 | 180,299 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2022, RB, (INS - BAM)(a) |
5.00% | 10/01/2037 | 150 | 157,214 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2023 A, Ref. RB |
5.00% | 03/15/2030 | 510 | 555,317 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2023 A-1, Ref. RB |
5.00% | 03/15/2030 | 30 | 32,862 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2023 A-2, Ref. RB |
5.00% | 09/15/2030 | 10 | 10,908 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2023, RB, (INS - AGI)(a) |
5.00% | 10/01/2030 | 35 | 38,239 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2024 A, Ref. RB |
5.00% | 03/15/2030 | 30 | 32,666 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2024 B, Ref. RB |
5.00% | 03/15/2030 | 25 | 27,385 | ||||||||||||
| New York (State of) Dormitory Authority (Bidding Group 2), Series 2020 A, Ref. RB |
4.00% | 03/15/2036 | 360 | 357,569 | ||||||||||||
| New York (State of) Dormitory Authority (General Purpose), Series 2020 D, Ref. RB |
5.00% | 02/15/2048 | 15 | 15,082 | ||||||||||||
| New York (State of) Power Authority (Green Bonds), Series 2024 A, RB |
5.00% | 11/15/2030 | 20 | 22,266 | ||||||||||||
| New York (State of) Power Authority (Green Transmission), Series 2022, RB, (INS - AGI)(a) |
5.00% | 11/15/2030 | 25 | 27,806 | ||||||||||||
| New York (State of) Power Authority (Green Transmission), Series 2023, RB, (INS - AGI)(a) |
5.00% | 11/15/2030 | 10 | 11,122 | ||||||||||||
| New York (State of) Thruway Authority, Series 2019 B, RB |
5.00% | 01/01/2036 | 25 | 26,438 | ||||||||||||
| New York (State of) Thruway Authority, Series 2019 B, RB |
4.00% | 01/01/2037 | 505 | 500,736 | ||||||||||||
| New York (State of) Thruway Authority, Series 2019 B, RB |
4.00% | 01/01/2038 | 60 | 58,803 | ||||||||||||
| New York (State of) Thruway Authority, Series 2019 B, RB |
4.00% | 01/01/2039 | 20 | 19,425 | ||||||||||||
| New York (State of) Thruway Authority, Series 2019 B, RB, (INS - AGI)(a) |
4.00% | 01/01/2045 | 35 | 31,366 | ||||||||||||
| New York (State of) Thruway Authority, Series 2019 B, Ref. RB |
5.00% | 01/01/2030 | 5 | 5,454 | ||||||||||||
| New York (State of) Thruway Authority, Series 2020 N, RB |
5.00% | 01/01/2033 | 35 | 37,674 | ||||||||||||
| New York (State of) Thruway Authority, Series 2020 N, RB |
5.00% | 01/01/2034 | 20 | 21,419 | ||||||||||||
| New York (State of) Thruway Authority, Series 2020 N, RB |
5.00% | 01/01/2035 | 55 | 58,598 | ||||||||||||
| New York (State of) Thruway Authority, Series 2020 N, RB |
5.00% | 01/01/2036 | 55 | 58,331 | ||||||||||||
| New York (State of) Thruway Authority, Series 2020 N, RB |
5.00% | 01/01/2037 | 200 | 210,995 | ||||||||||||
| New York (State of) Thruway Authority, Series 2020 N, RB |
5.00% | 01/01/2038 | 20 | 20,964 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2030 Municipal Bond ETF (BSMU)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| New York-(continued) |
||||||||||||||||
| New York (State of) Thruway Authority, Series 2020 N, RB |
5.00% | 01/01/2039 | $ | 20 | $ | 20,856 | ||||||||||
| New York (State of) Thruway Authority, Series 2020 N, RB |
4.00% | 01/01/2041 | 35 | 32,766 | ||||||||||||
| New York (State of) Thruway Authority, Series 2024 P, Ref. RB |
5.00% | 01/01/2030 | 15 | 16,369 | ||||||||||||
| New York (State of) Thruway Authority (Bidding Group 1), Series 2022 A, Ref. RB |
5.00% | 03/15/2030 | 230 | 251,081 | ||||||||||||
| New York (State of) Thruway Authority (Bidding Group 5), Series 2021 A-1, Ref. RB |
5.00% | 03/15/2030 | 245 | 267,456 | ||||||||||||
| New York City Transitional Finance Authority Future Tax Secured Revenue, Series 2020, RB |
4.00% | 05/01/2038 | 25 | 24,309 | ||||||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2019 B, Ref. RB |
5.00% | 06/15/2030 | 110 | 118,379 | ||||||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2021, RB |
5.00% | 06/15/2030 | 45 | 49,669 | ||||||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2024, Ref. RB |
5.00% | 06/15/2030 | 15 | 16,556 | ||||||||||||
| New York State Urban Development Corp., Series 2020 A, RB |
5.00% | 03/15/2030 | 190 | 206,706 | ||||||||||||
| New York State Urban Development Corp., Series 2020 A, RB |
5.00% | 03/15/2035 | 105 | 111,654 | ||||||||||||
| New York State Urban Development Corp., Series 2020 A, RB |
5.00% | 03/15/2036 | 645 | 682,682 | ||||||||||||
| New York State Urban Development Corp., Series 2020 A, RB |
5.00% | 03/15/2037 | 190 | 199,865 | ||||||||||||
| New York State Urban Development Corp., Series 2020 A, RB |
4.00% | 03/15/2039 | 20 | 18,999 | ||||||||||||
| New York State Urban Development Corp., Series 2020 A, RB |
4.00% | 03/15/2040 | 5 | 4,743 | ||||||||||||
| New York State Urban Development Corp., Series 2020 A, RB |
5.00% | 03/15/2041 | 190 | 194,829 | ||||||||||||
| New York State Urban Development Corp., Series 2020 A, RB |
5.00% | 03/15/2042 | 20 | 20,420 | ||||||||||||
| New York State Urban Development Corp., Series 2020 A, Ref. RB |
4.00% | 03/15/2038 | 135 | 131,160 | ||||||||||||
| New York State Urban Development Corp., Series 2020 C, Ref. RB |
4.00% | 03/15/2037 | 270 | 266,136 | ||||||||||||
| New York State Urban Development Corp., Series 2020 C, Ref. RB |
5.00% | 03/15/2038 | 105 | 109,763 | ||||||||||||
| New York State Urban Development Corp., Series 2020 C, Ref. RB |
4.00% | 03/15/2041 | 20 | 18,555 | ||||||||||||
| New York State Urban Development Corp., Series 2020 C, Ref. RB |
5.00% | 03/15/2047 | 350 | 353,648 | ||||||||||||
| New York State Urban Development Corp., Series 2020 E, Ref. RB |
5.00% | 03/15/2033 | 105 | 112,238 | ||||||||||||
| New York State Urban Development Corp., Series 2020 E, Ref. RB |
4.00% | 03/15/2034 | 125 | 126,339 | ||||||||||||
| New York State Urban Development Corp., Series 2020 E, Ref. RB |
4.00% | 03/15/2035 | 120 | 120,426 | ||||||||||||
| New York State Urban Development Corp., Series 2020 E, Ref. RB |
4.00% | 03/15/2036 | 160 | 159,334 | ||||||||||||
| New York State Urban Development Corp., Series 2020 E, Ref. RB |
4.00% | 03/15/2037 | 100 | 98,588 | ||||||||||||
| New York State Urban Development Corp., Series 2020, Ref. RB |
5.00% | 03/15/2030 | 90 | 97,913 | ||||||||||||
| New York State Urban Development Corp., Series 2020, Ref. RB |
5.00% | 03/15/2032 | 55 | 59,459 | ||||||||||||
| New York State Urban Development Corp., Series 2020, Ref. RB |
5.00% | 03/15/2033 | 80 | 86,041 | ||||||||||||
| New York State Urban Development Corp., Series 2020, Ref. RB |
4.00% | 03/15/2034 | 460 | 465,174 | ||||||||||||
| New York State Urban Development Corp., Series 2020, Ref. RB |
5.00% | 03/15/2035 | 160 | 170,140 | ||||||||||||
| New York State Urban Development Corp., Series 2020, Ref. RB |
5.00% | 03/15/2036 | 80 | 84,674 | ||||||||||||
| New York State Urban Development Corp., Series 2020, Ref. RB |
4.00% | 03/15/2039 | 65 | 61,746 | ||||||||||||
| New York State Urban Development Corp., Series 2020, Ref. RB |
5.00% | 03/15/2043 | 105 | 106,861 | ||||||||||||
| New York State Urban Development Corp., Series 2020, Ref. RB |
5.00% | 03/15/2044 | 235 | 238,619 | ||||||||||||
| New York State Urban Development Corp., Series 2022, Ref. RB |
5.00% | 03/15/2030 | 55 | 59,836 | ||||||||||||
| New York State Urban Development Corp., Series 2022, Ref. RB |
5.00% | 09/15/2030 | 160 | 175,201 | ||||||||||||
| New York State Urban Development Corp. (Bidding Group 1), Series 2021 A, Ref. RB |
5.00% | 03/15/2030 | 90 | 98,249 | ||||||||||||
| New York State Urban Development Corp. (Bidding Group 4), Series 2020 E, Ref. RB |
5.00% | 03/15/2030 | 260 | 282,861 | ||||||||||||
| New York State Urban Development Corp. (Bidding Group 4), Series 2020 E, Ref. RB |
4.00% | 03/15/2038 | 80 | 77,644 | ||||||||||||
| New York State Urban Development Corp. (Green Bonds), Series 2023, Ref. RB |
5.00% | 03/15/2030 | 30 | 32,638 | ||||||||||||
| New York Transportation Development Corp. (Terminal 4 JFK International Airport), Series 2020 C, Ref. RB |
5.00% | 12/01/2033 | 130 | 138,180 | ||||||||||||
| New York Transportation Development Corp. (Terminal 4 JFK International Airport), Series 2020 C, Ref. RB |
5.00% | 12/01/2034 | 275 | 290,915 | ||||||||||||
| New York Transportation Development Corp. (Terminal 4 JFK International Airport), Series 2020 C, Ref. RB |
5.00% | 12/01/2036 | 60 | 62,806 | ||||||||||||
| New York Transportation Development Corp. (Terminal 4 JFK International Airport), Series 2020, Ref. RB |
5.00% | 12/01/2032 | 75 | 80,080 | ||||||||||||
| New York Transportation Development Corp. (Terminal 4 JFK International Airport), Series 2020, Ref. RB |
5.00% | 12/01/2035 | 90 | 94,720 | ||||||||||||
| New York Transportation Development Corp. (Terminal 4 John F. Kennedy International Airport), Series 2020, Ref. RB |
5.00% | 12/01/2037 | 25 | 26,001 | ||||||||||||
| Triborough Bridge & Tunnel Authority, Series 2018 B, Ref. RB |
5.00% | 11/15/2030 | 190 | 209,805 | ||||||||||||
| Triborough Bridge & Tunnel Authority, Series 2018 D, RB |
5.00% | 11/15/2033 | 135 | 146,897 | ||||||||||||
| Triborough Bridge & Tunnel Authority, Series 2018 D, RB |
5.00% | 11/15/2034 | 65 | 70,345 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2030 Municipal Bond ETF (BSMU)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| New York-(continued) |
||||||||||||||||
| Triborough Bridge & Tunnel Authority, Series 2024 A-2, Ref. RB |
5.00% | 11/15/2030 | $ | 85 | $ | 93,860 | ||||||||||
| Triborough Bridge & Tunnel Authority (Green Bonds), Series 2023, RB |
5.00% | 11/15/2030 | 155 | 170,605 | ||||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2020 A, RB |
5.00% | 11/15/2049 | 500 | 503,020 | ||||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2020 A, RB |
5.00% | 11/15/2054 | 325 | 325,955 | ||||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2022 B, RB |
5.00% | 05/15/2030 | 105 | 114,784 | ||||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2023, Ref. RB |
5.00% | 11/15/2030 | 110 | 121,466 | ||||||||||||
| Triborough Bridge & Tunnel Authority (TBTA Capital Lockbox Fund), Series 2025, RB |
5.00% | 12/01/2030 | 5 | 5,522 | ||||||||||||
| Troy Capital Resource Corp. (Rensselaer Polytechnic Institute), Series 2020 A, Ref. RB |
5.00% | 09/01/2037 | 20 | 20,668 | ||||||||||||
| Troy Capital Resource Corp. (Rensselaer Polytechnic Institute), Series 2020, Ref. RB |
5.00% | 09/01/2033 | 45 | 47,473 | ||||||||||||
| Troy Capital Resource Corp. (Rensselaer Polytechnic Institute), Series 2020, Ref. RB |
5.00% | 09/01/2034 | 95 | 99,765 | ||||||||||||
| Troy Capital Resource Corp. (Rensselaer Polytechnic Institute), Series 2020, Ref. RB |
5.00% | 09/01/2035 | 20 | 20,884 | ||||||||||||
| Troy Capital Resource Corp. (Rensselaer Polytechnic Institute), Series 2020, Ref. RB |
5.00% | 09/01/2036 | 145 | 150,689 | ||||||||||||
| Troy Capital Resource Corp. (Rensselaer Polytechnic Institute), Series 2020, Ref. RB |
5.00% | 09/01/2038 | 25 | 25,738 | ||||||||||||
|
|
|
|||||||||||||||
| 37,581,689 | ||||||||||||||||
|
|
|
|||||||||||||||
| North Carolina-1.53% |
||||||||||||||||
| Charlotte (City of), NC, Series 2020, Ref. RB |
5.00% | 07/01/2030 | 50 | 55,051 | ||||||||||||
| Charlotte (City of), NC, Series 2020, Ref. RB |
5.00% | 07/01/2033 | 15 | 16,289 | ||||||||||||
| Charlotte (City of), NC, Series 2020, Ref. RB |
5.00% | 07/01/2034 | 40 | 43,255 | ||||||||||||
| Charlotte-Mecklenburg Hospital Authority (The) (Atrium Health), Series 2022, Ref. RB |
5.00% | 01/15/2030 | 85 | 91,739 | ||||||||||||
| Guilford (County of), NC, Series 2025, GO Bonds |
5.00% | 03/01/2030 | 15 | 16,436 | ||||||||||||
| Mecklenburg (County of), NC, Series 2022, GO Bonds |
5.00% | 09/01/2030 | 295 | 325,577 | ||||||||||||
| North Carolina (State of), Series 2019 B, GO Bonds |
5.00% | 06/01/2030 | 35 | 37,720 | ||||||||||||
| North Carolina (State of), Series 2020 A, GO Bonds |
5.00% | 06/01/2030 | 500 | 550,092 | ||||||||||||
| North Carolina (State of), Series 2020 B, RB |
5.00% | 05/01/2030 | 70 | 76,718 | ||||||||||||
| North Carolina (State of), Series 2020 B, RB |
5.00% | 05/01/2032 | 35 | 37,965 | ||||||||||||
| North Carolina (State of), Series 2020 B, RB |
5.00% | 05/01/2033 | 95 | 102,407 | ||||||||||||
| North Carolina (State of), Series 2021, RB |
5.00% | 03/01/2030 | 55 | 59,933 | ||||||||||||
| North Carolina (State of), Series 2022 A, RB |
5.00% | 05/01/2030 | 70 | 76,718 | ||||||||||||
| North Carolina (State of) (Garvee), Series 2019, RB |
5.00% | 03/01/2030 | 230 | 246,179 | ||||||||||||
| North Carolina (State of) Turnpike Authority (Triangle Expressway), Series 2019, RB |
5.00% | 01/01/2043 | 250 | 251,988 | ||||||||||||
| North Carolina (State of) Turnpike Authority (Triangle Expressway), Series 2019, RB, (INS - AGI)(a) |
5.00% | 01/01/2049 | 110 | 110,106 | ||||||||||||
| North Carolina State University at Raleigh, Series 2020 A, Ref. RB |
5.00% | 10/01/2030 | 25 | 27,284 | ||||||||||||
| Raleigh (City of), NC, Series 2024, Ref. RB |
5.00% | 10/01/2030 | 10 | 10,998 | ||||||||||||
| Wake (County of), NC, Series 2021, RB |
5.00% | 03/01/2030 | 65 | 71,071 | ||||||||||||
| Wake (County of), NC, Series 2023 A, Ref. GO Bonds |
5.00% | 05/01/2030 | 100 | 109,981 | ||||||||||||
| Wake (County of), NC, Series 2024 B, Ref. GO Bonds |
5.00% | 09/01/2030 | 130 | 143,675 | ||||||||||||
|
|
|
|||||||||||||||
| 2,461,182 | ||||||||||||||||
|
|
|
|||||||||||||||
| Ohio-1.93% |
||||||||||||||||
| Allen (County of), OH (Bon Secours Mercy Health, Inc.), Series 2020, Ref. RB |
5.00% | 12/01/2030 | 45 | 48,486 | ||||||||||||
| American Municipal Power, Inc. (Fremont Energy Center), Series 2021, Ref. RB |
5.00% | 02/15/2030 | 30 | 32,438 | ||||||||||||
| American Municipal Power, Inc. (Prairie State Energy Campus), Series 2019, Ref. RB |
5.00% | 02/15/2033 | 130 | 138,284 | ||||||||||||
| American Municipal Power, Inc. (Prairie State Energy Campus), Series 2019, Ref. RB |
5.00% | 02/15/2035 | 70 | 73,925 | ||||||||||||
| American Municipal Power, Inc. (Prairie State Energy Campus), Series 2021, Ref. RB |
5.00% | 02/15/2032 | 80 | 85,623 | ||||||||||||
| American Municipal Power, Inc. (Prairie State Energy Campus), Series 2021, Ref. RB |
5.00% | 02/15/2033 | 50 | 53,186 | ||||||||||||
| American Municipal Power, Inc. (Prairie State Energy Campus), Series 2021, Ref. RB |
4.00% | 02/15/2036 | 50 | 49,815 | ||||||||||||
| American Municipal Power, Inc. (Prairie State Energy Campus), Series 2021, Ref. RB, (INS - BAM)(a) |
5.00% | 02/15/2033 | 45 | 48,190 | ||||||||||||
| American Municipal Power, Inc. (Prairie State Energy Campus), Series 2021, Ref. RB, (INS - BAM)(a) |
4.00% | 02/15/2034 | 190 | 192,498 | ||||||||||||
| Columbus (City of), OH, Series 2021 A, GO Bonds |
5.00% | 04/01/2030 | 45 | 49,367 | ||||||||||||
| Columbus (City of), OH, Series 2021 A, GO Bonds |
5.00% | 04/01/2032 | 165 | 180,630 | ||||||||||||
| Columbus (City of), OH, Series 2021 A, GO Bonds |
5.00% | 04/01/2033 | 40 | 43,502 | ||||||||||||
| Columbus (City of), OH, Series 2021 A, GO Bonds |
5.00% | 04/01/2034 | 15 | 16,244 | ||||||||||||
| Columbus (City of), OH, Series 2021 A, GO Bonds |
5.00% | 04/01/2035 | 70 | 75,429 | ||||||||||||
| Columbus (City of), OH, Series 2021 A, GO Bonds |
5.00% | 04/01/2036 | 40 | 42,880 | ||||||||||||
| Hamilton (County of), OH (UC Health), Series 2020, RB |
5.00% | 09/15/2050 | 105 | 98,824 | ||||||||||||
| Miami University, Series 2020 A, Ref. RB |
4.00% | 09/01/2045 | 50 | 44,973 | ||||||||||||
| Ohio (State of), Series 2019 A, GO Bonds |
5.00% | 06/15/2030 | 20 | 22,006 | ||||||||||||
| Ohio (State of), Series 2019-1, RB |
5.00% | 12/15/2030 | 185 | 204,019 | ||||||||||||
| Ohio (State of), Series 2021 B, Ref. GO Bonds |
5.00% | 09/15/2030 | 240 | 265,022 | ||||||||||||
| Ohio (State of), Series 2021, RB |
5.00% | 02/01/2030 | 20 | 21,778 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2030 Municipal Bond ETF (BSMU)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Ohio-(continued) |
||||||||||||||||
| Ohio (State of), Series 2023, Ref. GO Bonds |
5.00% | 09/01/2030 | $ | 25 | $ | 27,591 | ||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund), Series 2020 A, RB |
5.00% | 06/01/2032 | 20 | 21,725 | ||||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund), Series 2020 A, RB |
5.00% | 12/01/2032 | 70 | 75,895 | ||||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund), Series 2020 A, RB |
5.00% | 06/01/2033 | 50 | 54,086 | ||||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund), Series 2020 A, RB |
5.00% | 12/01/2033 | 20 | 21,594 | ||||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund), Series 2020 A, RB |
5.00% | 12/01/2034 | 50 | 53,725 | ||||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund), Series 2020 A, RB |
5.00% | 12/01/2036 | 250 | 265,493 | ||||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund), Series 2020 A, RB |
5.00% | 12/01/2037 | 15 | 15,828 | ||||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund), Series 2020 A, RB |
5.00% | 12/01/2038 | 15 | 15,710 | ||||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund), Series 2020 A, RB |
5.00% | 12/01/2039 | 250 | 260,711 | ||||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund), Series 2020 A, RB |
5.00% | 12/01/2040 | 200 | 208,204 | ||||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund), Series 2020 A, RB |
5.00% | 12/01/2050 | 135 | 136,797 | ||||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund), Series 2020 B, RB |
4.00% | 12/01/2037 | 15 | 15,135 | ||||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund), Series 2020 B, RB |
4.00% | 12/01/2038 | 10 | 10,026 | ||||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund), Series 2024 E, RB |
5.00% | 12/01/2030 | 120 | 132,399 | ||||||||||||
|
|
|
|||||||||||||||
| 3,102,038 | ||||||||||||||||
|
|
|
|||||||||||||||
| Oklahoma-0.13% |
||||||||||||||||
| Cleveland (County of), OK Educational Facilities Authority (Moore Public Schools), Series 2021, RB |
4.00% | 06/01/2030 | 50 | 51,170 | ||||||||||||
| Oklahoma (State of) Capitol Improvement Authority, Series 2024 A, Ref. RB |
5.00% | 07/01/2030 | 40 | 43,803 | ||||||||||||
| Oklahoma (State of) Capitol Improvement Authority (Department of Transportation), Series 2020 B, RB |
4.00% | 07/01/2045 | 10 | 9,135 | ||||||||||||
| Oklahoma (State of) Turnpike Authority, Series 2020 A, Ref. RB |
5.00% | 01/01/2030 | 100 | 108,545 | ||||||||||||
|
|
|
|||||||||||||||
| 212,653 | ||||||||||||||||
|
|
|
|||||||||||||||
| Oregon-1.36% |
||||||||||||||||
| Hillsboro School District No. 1J, Series 2020, GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 06/15/2039 | 5 | 4,861 | ||||||||||||
| Medford (City of), OR Hospital Facilities Authority (Asante), Series 2020 A, Ref. RB |
5.00% | 08/15/2036 | 50 | 52,080 | ||||||||||||
| Medford (City of), OR Hospital Facilities Authority (Asante), Series 2020 A, Ref. RB |
5.00% | 08/15/2037 | 15 | 15,509 | ||||||||||||
| Medford (City of), OR Hospital Facilities Authority (Asante), Series 2020 A, Ref. RB |
5.00% | 08/15/2050 | 250 | 242,820 | ||||||||||||
| Oregon (State of) (Article XI-Q State), Series 2023 A, GO Bonds |
5.00% | 05/01/2030 | 15 | 16,454 | ||||||||||||
| Oregon (State of) Department of Transportation, Series 2020 A, RB |
5.00% | 11/15/2035 | 50 | 53,719 | ||||||||||||
| Oregon (State of) Department of Transportation, Series 2020 A, RB |
5.00% | 11/15/2036 | 25 | 26,703 | ||||||||||||
| Oregon (State of) Department of Transportation, Series 2020 A, RB |
5.00% | 11/15/2037 | 80 | 84,945 | ||||||||||||
| Oregon (State of) Department of Transportation, Series 2020 A, RB |
5.00% | 11/15/2039 | 90 | 94,368 | ||||||||||||
| Oregon (State of) Department of Transportation, Series 2020 A, RB |
5.00% | 11/15/2040 | 140 | 146,552 | ||||||||||||
| Oregon (State of) Department of Transportation, Series 2024, Ref. RB |
5.00% | 11/15/2030 | 205 | 226,151 | ||||||||||||
| Oregon (State of) Facilities Authority, Series 2020, Ref. RB |
5.00% | 10/01/2040 | 50 | 50,284 | ||||||||||||
| Portland (City of), OR, Series 2019 A, Ref. RB |
5.00% | 03/01/2030 | 50 | 53,968 | ||||||||||||
| Portland (City of), OR, Series 2023 A, Ref. RB |
5.00% | 12/01/2030 | 35 | 38,542 | ||||||||||||
| Salem-Keizer School District No. 24J, Series 2020 B, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 06/15/2032 | 635 | 690,321 | ||||||||||||
| Salem-Keizer School District No. 24J, Series 2020 B, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 06/15/2033 | 55 | 59,514 | ||||||||||||
| Salem-Keizer School District No. 24J, Series 2020 B, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 06/15/2034 | 200 | 214,640 | ||||||||||||
| Salem-Keizer School District No. 24J, Series 2020 C, GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 06/15/2036 | 105 | 106,146 | ||||||||||||
|
|
|
|||||||||||||||
| 2,177,577 | ||||||||||||||||
|
|
|
|||||||||||||||
| Pennsylvania-2.28% |
||||||||||||||||
| Allegheny (County of), PA, Series 2020 C-78, GO Bonds |
4.00% | 11/01/2045 | 10 | 8,995 | ||||||||||||
| Allegheny (County of), PA Higher Education Building Authority (Carnegie Mellon University), Series 2020, RB |
5.00% | 02/01/2030 | 145 | 157,893 | ||||||||||||
| Allegheny (County of), PA Hospital Development Authority (University of Pittsburgh Medical Center), Series 2019, Ref. RB |
5.00% | 07/15/2030 | 115 | 121,501 | ||||||||||||
| Geisinger Authority (Geisinger Health System), Series 2020, Ref. RB |
5.00% | 04/01/2035 | 140 | 146,875 | ||||||||||||
| Geisinger Authority (Geisinger Health System), Series 2020, Ref. RB |
4.00% | 04/01/2039 | 85 | 79,509 | ||||||||||||
| Geisinger Authority (Geisinger Health System), Series 2020, Ref. RB |
5.00% | 04/01/2050 | 205 | 202,758 | ||||||||||||
| Monroeville Finance Authority, Series 2022 B, Ref. RB |
5.00% | 02/15/2030 | 50 | 53,386 | ||||||||||||
| Pennsylvania (Commonwealth of), First Series 2015, GO Bonds |
3.00% | 03/15/2030 | 350 | 340,384 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2030 Municipal Bond ETF (BSMU)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Pennsylvania-(continued) |
||||||||||||||||
| Pennsylvania (Commonwealth of), First Series 2020, GO Bonds |
5.00% | 05/01/2030 | $ | 160 | $ | 174,894 | ||||||||||
| Pennsylvania (Commonwealth of), First Series 2020, GO Bonds |
4.00% | 05/01/2032 | 65 | 66,771 | ||||||||||||
| Pennsylvania (Commonwealth of), First Series 2020, GO Bonds |
4.00% | 05/01/2033 | 250 | 254,631 | ||||||||||||
| Pennsylvania (Commonwealth of), First Series 2020, GO Bonds |
4.00% | 05/01/2034 | 55 | 55,661 | ||||||||||||
| Pennsylvania (Commonwealth of), First Series 2021, GO Bonds |
5.00% | 05/15/2030 | 50 | 54,683 | ||||||||||||
| Pennsylvania (Commonwealth of), First Series 2023, Ref. GO Bonds |
5.00% | 09/01/2030 | 65 | 71,372 | ||||||||||||
| Pennsylvania (Commonwealth of), Series 2022, GO Bonds |
5.00% | 10/01/2030 | 150 | 164,889 | ||||||||||||
| Pennsylvania (Commonwealth of) (Bid Group C), First Series 2023, GO Bonds |
5.00% | 09/01/2030 | 105 | 115,293 | ||||||||||||
| Pennsylvania (Commonwealth of) Higher Educational Facilities Authority, Series 2020 A, Ref. RB, (INS - AGI)(a) |
5.00% | 05/01/2046 | 40 | 40,419 | ||||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2020 B, RB |
5.00% | 12/01/2045 | 285 | 292,046 | ||||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2020 B, RB |
5.00% | 12/01/2050 | 150 | 150,658 | ||||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2021 A, RB |
4.00% | 12/01/2045 | 75 | 67,985 | ||||||||||||
| Philadelphia (City of), PA, Series 2020 A, RB |
5.00% | 11/01/2040 | 65 | 67,587 | ||||||||||||
| Philadelphia (City of), PA, Series 2020 A, RB |
5.00% | 11/01/2045 | 305 | 311,393 | ||||||||||||
| Philadelphia (City of), PA, Series 2020 A, RB |
5.00% | 11/01/2050 | 35 | 34,352 | ||||||||||||
| Philadelphia (City of), PA, Series 2020, Ref. RB |
5.00% | 10/01/2039 | 20 | 20,891 | ||||||||||||
| Philadelphia (City of), PA, Series 2023 B, Ref. RB, (INS - AGI)(a) |
5.00% | 09/01/2030 | 5 | 5,465 | ||||||||||||
| Philadelphia (City of), PA, Sixteenth Series 2020 A, RB, (INS - AGI)(a) |
5.00% | 08/01/2050 | 140 | 142,899 | ||||||||||||
| Philadelphia (City of), PA Authority for Industrial Development (Children’s Hospital of Philadelphia), Series 2021, Ref. RB |
5.00% | 07/01/2030 | 40 | 43,547 | ||||||||||||
| Ridley School District, Series 2022, GO Bonds, (INS - BAM)(a) |
4.00% | 11/15/2043 | 460 | 421,101 | ||||||||||||
|
|
|
|||||||||||||||
| 3,667,838 | ||||||||||||||||
|
|
|
|||||||||||||||
| Rhode Island-0.31% |
||||||||||||||||
| Rhode Island Commerce Corp. (Garvee), Series 2020 A, RB |
5.00% | 05/15/2034 | 95 | 101,445 | ||||||||||||
| Rhode Island Commerce Corp. (Garvee), Series 2020 A, RB |
5.00% | 05/15/2035 | 120 | 127,558 | ||||||||||||
| Rhode Island Commerce Corp. (Garvee), Series 2020, RB |
5.00% | 05/15/2032 | 75 | 80,749 | ||||||||||||
| Rhode Island Commerce Corp. (Garvee), Series 2020, RB |
5.00% | 05/15/2033 | 170 | 182,281 | ||||||||||||
|
|
|
|||||||||||||||
| 492,033 | ||||||||||||||||
|
|
|
|||||||||||||||
| South Carolina-0.56% |
||||||||||||||||
| County Square Redevelopment Corp., Series 2025, RB |
5.00% | 04/01/2030 | 5 | 5,473 | ||||||||||||
| Horry County School District, Series 2024, GO Bonds |
5.00% | 03/01/2030 | 25 | 27,312 | ||||||||||||
| South Carolina (State of) Jobs-Economic Development Authority (Prisma Health Obligated Group), Series 2020, Ref. RB |
5.00% | 12/01/2046 | 10 | 10,007 | ||||||||||||
| South Carolina (State of) Public Service Authority, Series 2020 A, Ref. RB |
5.00% | 12/01/2032 | 90 | 96,653 | ||||||||||||
| South Carolina (State of) Public Service Authority, Series 2020 A, Ref. RB |
4.00% | 12/01/2037 | 375 | 362,203 | ||||||||||||
| South Carolina (State of) Public Service Authority, Series 2020 A, Ref. RB |
5.00% | 12/01/2043 | 160 | 160,583 | ||||||||||||
| South Carolina (State of) Public Service Authority, Series 2020 A, Ref. RB, (INS - BAM)(a) |
4.00% | 12/01/2040 | 145 | 137,809 | ||||||||||||
| South Carolina (State of) Transportation Infrastructure Bank, Series 2021 B, Ref. RB |
5.00% | 10/01/2030 | 90 | 99,026 | ||||||||||||
|
|
|
|||||||||||||||
| 899,066 | ||||||||||||||||
|
|
|
|||||||||||||||
| Tennessee-0.46% |
||||||||||||||||
| Knox (County of), TN Health, Educational & Housing Facility Board (University Health System), Series 2020 A, RB |
5.00% | 09/01/2030 | 65 | 66,472 | ||||||||||||
| Memphis (City of), TN, Series 2020 B, Ref. RB |
5.00% | 10/01/2045 | 75 | 76,241 | ||||||||||||
| Metropolitan Nashville Airport Authority (The), Series 2019 A, RB |
5.00% | 07/01/2049 | 70 | 70,136 | ||||||||||||
| Metropolitan Nashville Airport Authority (The), Series 2019 A, RB |
5.00% | 07/01/2054 | 100 | 100,075 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2021 C, GO Bonds |
5.00% | 01/01/2030 | 105 | 114,348 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2024 A, GO Bonds |
5.00% | 01/01/2030 | 5 | 5,445 | ||||||||||||
| Shelby (County of), TN, Series 2020, GO Bonds |
4.00% | 04/01/2040 | 140 | 134,884 | ||||||||||||
| Tennessee (State of), Series 2023 A, GO Bonds |
5.00% | 05/01/2030 | 155 | 170,098 | ||||||||||||
|
|
|
|||||||||||||||
| 737,699 | ||||||||||||||||
|
|
|
|||||||||||||||
| Texas-7.37% |
||||||||||||||||
| Alamo Community College District, Series 2022, GO Notes |
5.00% | 02/15/2030 | 70 | 75,975 | ||||||||||||
| Austin (City of), TX, Series 2020 A, Ref. RB |
5.00% | 11/15/2050 | 325 | 328,288 | ||||||||||||
| Austin (City of), TX, Series 2020 C, Ref. RB |
5.00% | 11/15/2045 | 5 | 5,099 | ||||||||||||
| Austin (City of), TX, Series 2022, Ref. RB |
5.00% | 11/15/2030 | 55 | 60,413 | ||||||||||||
| Austin Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/01/2030 | 250 | 273,822 | ||||||||||||
| Bexar (County of), TX, Series 2021, Ctfs. Of Obligation |
4.00% | 06/15/2044 | 95 | 88,270 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2030 Municipal Bond ETF (BSMU)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Texas-(continued) |
||||||||||||||||
| Board of Regents of the University of Texas System, Series 2020 A, Ref. RB |
5.00% | 08/15/2030 | $ | 235 | $ | 257,643 | ||||||||||
| Board of Regents of the University of Texas System, Series 2024 A, Ref. RB |
5.00% | 08/15/2030 | 45 | 49,336 | ||||||||||||
| Central Texas Regional Mobility Authority, Series 2020 B, Ref. RB |
5.00% | 01/01/2045 | 5 | 5,054 | ||||||||||||
| Central Texas Regional Mobility Authority, Series 2020 E, RB |
5.00% | 01/01/2045 | 45 | 45,485 | ||||||||||||
| Clear Creek Independent School District, Series 2013 B, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2030 | 25 | 27,214 | ||||||||||||
| Clear Creek Independent School District, Series 2024 A, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2030 | 10 | 10,886 | ||||||||||||
| Conroe Independent School District, Series 2020 A, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2030 | 240 | 261,475 | ||||||||||||
| Conroe Independent School District, Series 2024, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2030 | 55 | 59,921 | ||||||||||||
| Crandall Independent School District, Series 2020, GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 08/15/2046 | 30 | 27,396 | ||||||||||||
| Cypress-Fairbanks Independent School District, Series 2019, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2030 | 170 | 181,339 | ||||||||||||
| Cypress-Fairbanks Independent School District, Series 2023 A, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2030 | 25 | 27,237 | ||||||||||||
| Cypress-Fairbanks Independent School District, Series 2025, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2030 | 20 | 21,790 | ||||||||||||
| Dallas & Fort Worth (Cities of), TX, Series 2020 A, Ref. RB |
5.00% | 11/01/2030 | 25 | 27,381 | ||||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2020 A, Ref. RB |
5.00% | 11/01/2032 | 115 | 124,843 | ||||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2020 A, Ref. RB |
4.00% | 11/01/2034 | 445 | 451,615 | ||||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2020 A, Ref. RB |
4.00% | 11/01/2035 | 220 | 219,424 | ||||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2020, Ref. RB |
5.00% | 11/01/2030 | 90 | 98,573 | ||||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2020, Ref. RB |
5.00% | 11/01/2032 | 60 | 65,136 | ||||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2020, Ref. RB |
5.00% | 11/01/2033 | 100 | 107,819 | ||||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2020, Ref. RB |
4.00% | 11/01/2034 | 135 | 137,007 | ||||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2020, Ref. RB |
4.00% | 11/01/2035 | 45 | 44,882 | ||||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2021 A, Ref. RB |
5.00% | 11/01/2034 | 20 | 21,473 | ||||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2022 B, Ref. RB |
5.00% | 11/01/2030 | 60 | 65,715 | ||||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2023 B, Ref. RB |
5.00% | 11/01/2030 | 60 | 65,715 | ||||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2024, RB |
5.00% | 11/01/2030 | 175 | 191,669 | ||||||||||||
| Dallas (City of), TX, Series 2020 C, Ref. RB |
5.00% | 10/01/2033 | 90 | 97,657 | ||||||||||||
| Dallas (City of), TX, Series 2020 C, Ref. RB |
4.00% | 10/01/2037 | 20 | 19,709 | ||||||||||||
| Dallas (City of), TX, Series 2020 C, Ref. RB |
5.00% | 10/01/2038 | 105 | 110,576 | ||||||||||||
| Dallas (City of), TX, Series 2020 C, Ref. RB |
4.00% | 10/01/2039 | 50 | 47,565 | ||||||||||||
| Dallas (City of), TX, Series 2020 C, Ref. RB |
5.00% | 10/01/2045 | 180 | 184,613 | ||||||||||||
| Dallas (City of), TX, Series 2020 C, Ref. RB |
4.00% | 10/01/2049 | 10 | 8,774 | ||||||||||||
| Dallas (City of), TX, Series 2024 B, Ctfs. of Obligations |
5.00% | 02/15/2030 | 35 | 37,988 | ||||||||||||
| Dallas (City of), TX, Series 2024 B, Ref. GO Bonds |
5.00% | 02/15/2030 | 15 | 16,280 | ||||||||||||
| Dallas (City of), TX, Series 2024 C, Ref. GO Bonds |
5.00% | 02/15/2030 | 125 | 135,670 | ||||||||||||
| Dallas (City of), TX Area Rapid Transit, Series 2007, Ref. RB, (INS - AMBAC)(a) |
5.25% | 12/01/2030 | 285 | 316,511 | ||||||||||||
| Dallas (City of), TX Area Rapid Transit, Series 2021 B, Ref. RB |
5.00% | 12/01/2047 | 250 | 254,398 | ||||||||||||
| Dallas (City of), TX Independent School District, Series 2019 B, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2030 | 55 | 58,907 | ||||||||||||
| Dallas College, Series 2022, GO Bonds |
5.00% | 02/15/2030 | 50 | 54,131 | ||||||||||||
| Denton Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2030 | 70 | 76,603 | ||||||||||||
| Garland Independent School District, Series 2023 A, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2030 | 60 | 65,341 | ||||||||||||
| Harris (County of), TX, Series 2021, Ref. RB |
4.00% | 08/15/2039 | 40 | 38,899 | ||||||||||||
| Harris (County of), TX, Series 2022 A, Ref. GO Bonds |
5.00% | 08/15/2030 | 90 | 98,626 | ||||||||||||
| Harris (County of), TX, Series 2022 A, Ref. RB |
5.00% | 08/15/2030 | 5 | 5,469 | ||||||||||||
| Harris (County of), TX Port Authority of Houston, Series 2020 A-2, Ref. GO Bonds |
4.00% | 10/01/2036 | 25 | 25,098 | ||||||||||||
| Harris (County of), TX Port Authority of Houston, Series 2020 A-2, Ref. GO Bonds |
4.00% | 10/01/2037 | 160 | 158,891 | ||||||||||||
| Harris (County of), TX Toll Road Authority (The), Series 2021, Ref. RB |
5.00% | 08/15/2030 | 85 | 92,976 | ||||||||||||
| Harris (County of), TX Toll Road Authority (The), Series 2021, Ref. RB |
4.00% | 08/15/2040 | 15 | 14,244 | ||||||||||||
| Houston (City of), TX, Series 2019 A, Ref. GO Bonds |
5.00% | 03/01/2030 | 105 | 111,753 | ||||||||||||
| Houston (City of), TX, Series 2019 A, Ref. RB |
5.00% | 11/15/2032 | 185 | 201,779 | ||||||||||||
| Houston (City of), TX, Series 2019 A, Ref. RB |
5.00% | 11/15/2033 | 70 | 76,026 | ||||||||||||
| Houston (City of), TX, Series 2020 B, Ref. RB |
5.00% | 07/01/2030 | 10 | 10,887 | ||||||||||||
| Houston (City of), TX, Series 2020 C, Ref. RB |
5.00% | 11/15/2034 | 90 | 97,097 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2030 Municipal Bond ETF (BSMU)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Texas-(continued) |
||||||||||||||||
| Houston (City of), TX, Series 2020 C, Ref. RB |
4.00% | 11/15/2035 | $ | 25 | $ | 25,177 | ||||||||||
| Houston (City of), TX, Series 2020 C, Ref. RB |
4.00% | 11/15/2036 | 40 | 40,009 | ||||||||||||
| Houston (City of), TX, Series 2020 C, Ref. RB |
4.00% | 11/15/2037 | 50 | 49,320 | ||||||||||||
| Houston (City of), TX, Series 2020 C, Ref. RB |
5.00% | 11/15/2045 | 125 | 127,355 | ||||||||||||
| Houston Independent School District, Series 2025 A, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2030 | 40 | 43,616 | ||||||||||||
| Humble Independent School District, Series 2020, GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 02/15/2044 | 10 | 9,290 | ||||||||||||
| Hurst-Euless-Bedford Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2030 | 500 | 548,430 | ||||||||||||
| Lamar Consolidated Independent School District, Series 2020, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 02/15/2043 | 25 | 23,533 | ||||||||||||
| Lewisville Independent School District, Series 2023, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2030 | 5 | 5,489 | ||||||||||||
| Lewisville Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2030 | 55 | 60,383 | ||||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2020, RB |
5.00% | 05/15/2045 | 170 | 171,389 | ||||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2021, Ref. RB |
5.00% | 05/15/2038 | 10 | 10,379 | ||||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2021, Ref. RB |
5.00% | 05/15/2039 | 100 | 103,148 | ||||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2021, Ref. RB |
5.00% | 05/15/2041 | 190 | 193,862 | ||||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2021, Ref. RB |
5.00% | 05/15/2046 | 85 | 85,525 | ||||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2021, Ref. RB |
5.00% | 05/15/2051 | 210 | 210,225 | ||||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2025, Ref. RB |
5.00% | 05/15/2030 | 5 | 5,408 | ||||||||||||
| Matagorda County Navigation District No. 1 (Aep Texas Central Co.), Series 2005 A, Ref. RB, (INS - AMBAC)(a) |
4.40% | 05/01/2030 | 290 | 298,810 | ||||||||||||
| Matagorda County Navigation District No. 1 (Aep Texas Central Co.), Series 2008, Ref. RB |
4.00% | 06/01/2030 | 15 | 15,001 | ||||||||||||
| Midland Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2030 | 30 | 32,629 | ||||||||||||
| North East Independent School District, Series 2007, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.25% | 02/01/2030 | 35 | 38,523 | ||||||||||||
| North Texas Municipal Water District, Series 2021 A, Ref. RB |
4.00% | 09/01/2030 | 10 | 10,414 | ||||||||||||
| North Texas Tollway Authority, Series 2021 B, RB |
5.00% | 01/01/2030 | 75 | 81,175 | ||||||||||||
| North Texas Tollway Authority, Series 2023 B, Ref. RB |
5.00% | 01/01/2030 | 20 | 21,647 | ||||||||||||
| North Texas Tollway Authority, Series 2024 B, Ref. RB |
5.00% | 01/01/2030 | 10 | 10,823 | ||||||||||||
| Permanent University Fund - University of Texas System, Series 2007 B, Ref. RB |
5.25% | 07/01/2030 | 285 | 315,573 | ||||||||||||
| Permanent University Fund - University of Texas System, Series 2022 A, RB |
5.00% | 07/01/2030 | 65 | 71,244 | ||||||||||||
| Plainview Independent School District, Series 2020 A, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2046 | 25 | 25,465 | ||||||||||||
| Plano Independent School District, Series 2023, GO Bonds |
5.00% | 02/15/2030 | 115 | 124,501 | ||||||||||||
| Round Rock Independent School District, Series 2019 A, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/01/2030 | 210 | 225,870 | ||||||||||||
| Royse (City of), TX Independent School District, Series 2021, GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 02/15/2051 | 65 | 56,942 | ||||||||||||
| San Antonio (City of), TX, Series 2019, Ref. GO Bonds |
5.00% | 08/01/2030 | 120 | 128,923 | ||||||||||||
| San Antonio (City of), TX, Series 2019, Ref. RB |
4.00% | 02/01/2030 | 45 | 46,795 | ||||||||||||
| San Antonio (City of), TX, Series 2019, Ref. RB |
5.00% | 02/01/2034 | 45 | 47,908 | ||||||||||||
| San Antonio (City of), TX, Series 2019, Ref. RB |
5.00% | 02/01/2035 | 105 | 111,284 | ||||||||||||
| San Antonio (City of), TX, Series 2019, Ref. RB |
5.00% | 02/01/2036 | 170 | 179,120 | ||||||||||||
| San Antonio (City of), TX, Series 2020, RB |
5.00% | 02/01/2049 | 100 | 101,109 | ||||||||||||
| San Antonio (City of), TX Water System, Series 2020 A, Ref. RB |
5.00% | 05/15/2045 | 25 | 25,446 | ||||||||||||
| San Antonio (City of), TX Water System, Series 2020 A, Ref. RB |
5.00% | 05/15/2050 | 320 | 324,341 | ||||||||||||
| San Antonio Public Facilities Corp., Series 2022, Ref. RB |
5.00% | 09/15/2030 | 5 | 5,409 | ||||||||||||
| Spring Independent School District, Series 2024 B, Ref. GO Bonds |
5.00% | 08/15/2030 | 50 | 54,641 | ||||||||||||
| Tarrant (County of), TX Regional Water District, Series 2024, Ref. RB |
5.00% | 03/01/2030 | 90 | 97,989 | ||||||||||||
| Tarrant County College District, Series 2022, GO Bonds |
5.00% | 08/15/2030 | 40 | 43,673 | ||||||||||||
| Texas (State of), Series 2024, Ref. GO Bonds |
5.00% | 10/01/2030 | 140 | 153,679 | ||||||||||||
| Texas (State of) Transportation Commission, Series 2020, RB |
4.00% | 10/15/2033 | 130 | 132,877 | ||||||||||||
| Texas (State of) Transportation Commission, Series 2024, Ref. GO Bonds |
5.00% | 04/01/2030 | 25 | 27,296 | ||||||||||||
| Texas (State of) Transportation Commission (Central Texas Turnpike System), Series 2020 A, Ref. RB |
5.00% | 08/15/2039 | 265 | 275,173 | ||||||||||||
| Texas (State of) Water Development Board, Series 2020, RB |
5.00% | 08/01/2030 | 245 | 268,591 | ||||||||||||
| Texas (State of) Water Development Board, Series 2020, RB |
5.00% | 08/01/2033 | 5 | 5,414 | ||||||||||||
| Texas (State of) Water Development Board, Series 2020, RB |
4.00% | 08/01/2034 | 40 | 40,725 | ||||||||||||
| Texas (State of) Water Development Board, Series 2020, RB |
4.00% | 08/01/2035 | 105 | 106,234 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2030 Municipal Bond ETF (BSMU)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Texas-(continued) |
||||||||||||||||
| Texas (State of) Water Development Board, Series 2020, RB |
4.00% | 08/01/2036 | $ | 35 | $ | 35,165 | ||||||||||
| Texas (State of) Water Development Board, Series 2020, RB |
4.00% | 08/01/2037 | 10 | 9,946 | ||||||||||||
| Texas (State of) Water Development Board, Series 2020, RB |
4.00% | 08/01/2038 | 140 | 137,051 | ||||||||||||
| Texas (State of) Water Development Board, Series 2020, RB |
4.00% | 10/15/2045 | 25 | 22,172 | ||||||||||||
| Texas (State of) Water Development Board, Series 2021, RB |
5.00% | 08/01/2030 | 65 | 71,259 | ||||||||||||
| Texas (State of) Water Development Board, Series 2023 A, RB |
5.00% | 10/15/2030 | 55 | 60,462 | ||||||||||||
| Texas A&M University, Series 2024 A, RB |
5.00% | 05/15/2030 | 20 | 21,854 | ||||||||||||
| Texas Private Activity Bond Surface Transportation Corp., Series 2020, Ref. RB |
4.00% | 06/30/2032 | 50 | 50,221 | ||||||||||||
| Texas Private Activity Bond Surface Transportation Corp., Series 2020, Ref. RB |
4.00% | 12/31/2032 | 15 | 15,031 | ||||||||||||
| Texas Private Activity Bond Surface Transportation Corp., Series 2020, Ref. RB |
4.00% | 06/30/2033 | 25 | 24,957 | ||||||||||||
| Texas Private Activity Bond Surface Transportation Corp., Series 2020, Ref. RB |
4.00% | 06/30/2039 | 15 | 13,882 | ||||||||||||
| Texas Private Activity Bond Surface Transportation Corp., Series 2020, Ref. RB |
4.00% | 06/30/2040 | 10 | 9,142 | ||||||||||||
| Texas Private Activity Bond Surface Transportation Corp. (LBJ Infrastructure Group LLC I-635 Managed Lanes), Series 2020, Ref. RB |
4.00% | 12/31/2035 | 60 | 58,288 | ||||||||||||
| Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners LLC - North Tarrant Express Managed Lanes), Series 2019 A, Ref. RB |
5.00% | 12/31/2030 | 10 | 10,610 | ||||||||||||
| Trinity River Authority, Series 2019, Ref. RB |
5.00% | 08/01/2030 | 45 | 48,201 | ||||||||||||
| Trinity River Authority, Series 2020, Ref. RB |
5.00% | 08/01/2030 | 25 | 27,245 | ||||||||||||
| University of Houston, Series 2022 A, Ref. RB |
5.00% | 02/15/2030 | 100 | 108,217 | ||||||||||||
| Williamson (County of), TX, Series 2024, GO Notes |
5.00% | 02/15/2030 | 45 | 48,841 | ||||||||||||
| Wylie Independent School District, Series 2020 A, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2030 | 5 | 5,489 | ||||||||||||
|
|
|
|||||||||||||||
| 11,840,178 | ||||||||||||||||
|
|
|
|||||||||||||||
| Utah-0.39% |
||||||||||||||||
| Intermountain Power Agency, Series 2022 A, Ref. RB |
5.00% | 07/01/2030 | 195 | 210,387 | ||||||||||||
| Intermountain Power Agency, Series 2023 A, RB |
5.00% | 07/01/2030 | 25 | 26,973 | ||||||||||||
| University of Utah (The) (Green Bonds), Series 2022 B, RB |
5.00% | 08/01/2030 | 200 | 219,660 | ||||||||||||
| Utah (County of), UT (IHC Health Services, Inc.), Series 2020 A, RB |
5.00% | 05/15/2043 | 100 | 101,573 | ||||||||||||
| Utah (County of), UT (IHC Health Services, Inc.), Series 2020 A, RB |
5.00% | 05/15/2050 | 65 | 65,453 | ||||||||||||
|
|
|
|||||||||||||||
| 624,046 | ||||||||||||||||
|
|
|
|||||||||||||||
| Virginia-1.36% |
||||||||||||||||
| Fairfax (County of), VA, Series 2020 A, Ref. GO Bonds |
5.00% | 10/01/2030 | 65 | 71,143 | ||||||||||||
| Fairfax (County of), VA, Series 2020 A, Ref. GO Bonds |
5.00% | 10/01/2031 | 110 | 119,903 | ||||||||||||
| Fairfax (County of), VA Industrial Development Authority (Inova Health System), Series 2023, Ref. RB |
5.00% | 05/15/2030 | 95 | 103,487 | ||||||||||||
| Hampton (City of), VA Roads Transportation Accountability Commission, Series 2020 A, RB |
4.00% | 07/01/2040 | 175 | 169,524 | ||||||||||||
| Hampton (City of), VA Roads Transportation Accountability Commission, Series 2020 A, RB |
5.00% | 07/01/2050 | 150 | 152,399 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority, Series 2019 A, RB |
5.00% | 02/01/2030 | 5 | 5,346 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Centuity College and Equipment), Series 2020, RB |
5.00% | 02/01/2034 | 50 | 53,542 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Centuity College and Equipment), Series 2022 A, RB |
5.00% | 02/01/2030 | 100 | 108,892 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Centuity College and Equipment), Series 2024, RB |
5.00% | 02/01/2030 | 35 | 38,112 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and Equipment Programs), Series 2019 C, Ref. RB |
5.00% | 02/01/2030 | 75 | 80,332 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and Equipment Programs), Series 2020 A, RB |
5.00% | 02/01/2035 | 150 | 159,906 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and Equipment Programs), Series 2021 A, RB |
5.00% | 02/01/2030 | 140 | 152,449 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and Equipment Programs), Series 2023, Ref. RB |
5.00% | 02/01/2030 | 280 | 304,897 | ||||||||||||
| Virginia (Commonwealth of) Public Building Authority, Series 2020 A, RB |
4.00% | 08/01/2040 | 45 | 42,755 | ||||||||||||
| Virginia (Commonwealth of) Public Building Authority, Series 2020 B, Ref. RB |
5.00% | 08/01/2030 | 70 | 76,987 | ||||||||||||
| Virginia (Commonwealth of) Public Building Authority, Series 2021 A-1, RB |
5.00% | 08/01/2030 | 60 | 65,989 | ||||||||||||
| Virginia (Commonwealth of) Public Building Authority (Bidding Group 1), Series 2022 A, RB |
5.00% | 08/01/2030 | 225 | 247,457 | ||||||||||||
| Virginia (Commonwealth of) Transportation Board (Transportation Capital), Series 2024, Ref. RB |
5.00% | 05/15/2030 | 205 | 224,300 | ||||||||||||
|
|
|
|||||||||||||||
| 2,177,420 | ||||||||||||||||
|
|
|
|||||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2030 Municipal Bond ETF (BSMU)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Washington-4.27% |
||||||||||||||||
| Central Puget Sound Regional Transit Authority (Green Bonds), Series 2021 S-1, Ref. RB |
5.00% | 11/01/2030 | $ | 100 | $ | 110,523 | ||||||||||
| Clark County School District No. 114 Evergreen, Series 2020, GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 12/01/2035 | 150 | 151,559 | ||||||||||||
| Clark County School District No. 114 Evergreen, Series 2020, GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 12/01/2036 | 20 | 20,088 | ||||||||||||
| Clark County School District No. 114 Evergreen, Series 2020, GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 12/01/2037 | 40 | 39,608 | ||||||||||||
| Clark County School District No. 114 Evergreen, Series 2020, GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 12/01/2038 | 100 | 98,231 | ||||||||||||
| Energy Northwest (Columbia Generating Station), Series 2020 A, Ref. RB |
5.00% | 07/01/2037 | 200 | 211,222 | ||||||||||||
| Energy Northwest (Columbia Generating Station), Series 2020 A, Ref. RB |
4.00% | 07/01/2039 | 250 | 243,179 | ||||||||||||
| Energy Northwest (Columbia Generating Station), Series 2020 A, Ref. RB |
5.00% | 07/01/2039 | 100 | 104,400 | ||||||||||||
| Energy Northwest (Columbia Generating Station), Series 2020, Ref. RB |
5.00% | 07/01/2033 | 65 | 70,269 | ||||||||||||
| Energy Northwest (Columbia Generating Station), Series 2020, Ref. RB |
5.00% | 07/01/2038 | 95 | 99,664 | ||||||||||||
| Energy Northwest (Columbia Generating Station), Series 2023, Ref. RB |
4.00% | 07/01/2030 | 15 | 15,702 | ||||||||||||
| King (County of), WA, Series 2021 A, GO Bonds |
5.00% | 01/01/2030 | 75 | 81,812 | ||||||||||||
| King County School District No. 411 Issaquah, Series 2016, GO Bonds, (CEP - Oregon School Bond Guaranty) |
3.00% | 12/01/2030 | 110 | 106,423 | ||||||||||||
| King County School District No. 411 Issaquah, Series 2020, GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 12/01/2033 | 70 | 71,758 | ||||||||||||
| King County School District No. 411 Issaquah, Series 2024, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2030 | 250 | 276,232 | ||||||||||||
| North Thurston Public Schools, Series 2020, GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 12/01/2034 | 125 | 127,367 | ||||||||||||
| North Thurston Public Schools, Series 2020, GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 12/01/2035 | 40 | 40,382 | ||||||||||||
| Pierce County School District No. 10 Tacoma (Social Bonds), Series 2020 B, GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 12/01/2041 | 10 | 9,455 | ||||||||||||
| Pierce County School District No. 401 Peninsula, Series 2020, GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 12/01/2037 | 40 | 40,122 | ||||||||||||
| Snohomish County School District No. 15 Edmonds, Series 2024, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2030 | 150 | 164,939 | ||||||||||||
| Washington (State of), Series 2019 A, GO Bonds |
5.00% | 08/01/2030 | 25 | 26,930 | ||||||||||||
| Washington (State of), Series 2020 A, GO Bonds |
5.00% | 08/01/2037 | 40 | 42,173 | ||||||||||||
| Washington (State of), Series 2020 A, GO Bonds |
5.00% | 08/01/2039 | 10 | 10,429 | ||||||||||||
| Washington (State of), Series 2020 A, GO Bonds |
5.00% | 08/01/2040 | 10 | 10,395 | ||||||||||||
| Washington (State of), Series 2020 A, GO Bonds |
5.00% | 08/01/2041 | 75 | 77,625 | ||||||||||||
| Washington (State of), Series 2020 A, GO Bonds |
5.00% | 08/01/2042 | 150 | 154,496 | ||||||||||||
| Washington (State of), Series 2020 A, GO Bonds |
5.00% | 08/01/2043 | 205 | 210,473 | ||||||||||||
| Washington (State of), Series 2020 C, GO Bonds |
5.00% | 02/01/2030 | 105 | 114,816 | ||||||||||||
| Washington (State of), Series 2020 C, GO Bonds |
5.00% | 02/01/2032 | 5 | 5,411 | ||||||||||||
| Washington (State of), Series 2020 C, GO Bonds |
5.00% | 02/01/2033 | 75 | 80,863 | ||||||||||||
| Washington (State of), Series 2020 C, GO Bonds |
5.00% | 02/01/2034 | 70 | 75,021 | ||||||||||||
| Washington (State of), Series 2020 C, GO Bonds |
5.00% | 02/01/2035 | 150 | 159,685 | ||||||||||||
| Washington (State of), Series 2020 C, GO Bonds |
5.00% | 02/01/2036 | 305 | 322,567 | ||||||||||||
| Washington (State of), Series 2020 C, GO Bonds |
5.00% | 02/01/2037 | 150 | 157,912 | ||||||||||||
| Washington (State of), Series 2020 C, GO Bonds |
5.00% | 02/01/2038 | 80 | 83,695 | ||||||||||||
| Washington (State of), Series 2020 C, GO Bonds |
5.00% | 02/01/2041 | 115 | 118,607 | ||||||||||||
| Washington (State of), Series 2020 C, GO Bonds |
5.00% | 02/01/2043 | 260 | 266,387 | ||||||||||||
| Washington (State of), Series 2021 A, Ref. GO Bonds |
5.00% | 06/01/2030 | 50 | 54,863 | ||||||||||||
| Washington (State of), Series 2021 A, Ref. GO Bonds |
5.00% | 06/01/2033 | 20 | 21,634 | ||||||||||||
| Washington (State of), Series 2021 A, Ref. GO Bonds |
5.00% | 06/01/2034 | 70 | 75,239 | ||||||||||||
| Washington (State of), Series 2021 A, Ref. GO Bonds |
5.00% | 06/01/2036 | 55 | 58,429 | ||||||||||||
| Washington (State of), Series 2021 A, Ref. GO Bonds |
5.00% | 06/01/2038 | 80 | 83,764 | ||||||||||||
| Washington (State of), Series 2021 A, Ref. GO Bonds |
5.00% | 06/01/2039 | 5 | 5,212 | ||||||||||||
| Washington (State of), Series 2021 A, Ref. GO Bonds |
5.00% | 06/01/2040 | 30 | 31,145 | ||||||||||||
| Washington (State of), Series 2021, Ref. GO Bonds |
5.00% | 06/01/2032 | 110 | 119,486 | ||||||||||||
| Washington (State of), Series 2021, Ref. GO Bonds |
5.00% | 06/01/2037 | 190 | 200,281 | ||||||||||||
| Washington (State of), Series 2024, Ref. GO Bonds |
5.00% | 07/01/2030 | 25 | 27,463 | ||||||||||||
| Washington (State of), Series 2025 C, GO Bonds |
5.00% | 02/01/2030 | 20 | 21,870 | ||||||||||||
| Washington (State of), Series 2025A, GO Bonds |
5.00% | 08/01/2030 | 40 | 44,053 | ||||||||||||
| Washington (State of), Series R-2023B, Ref. GO Bonds |
5.00% | 07/01/2030 | 100 | 109,853 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2030 Municipal Bond ETF (BSMU)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Washington-(continued) |
||||||||||||||||
| Washington (State of), Series R-2024A, Ref. GO Bonds |
5.00% | 02/01/2030 | $ | 50 | $ | 54,674 | ||||||||||
| Washington (State of), Series R-2024C, Ref. GO Bonds |
5.00% | 08/01/2030 | 50 | 54,991 | ||||||||||||
| Washington (State of), Series R-2025B, Ref. GO Bonds |
5.00% | 07/01/2030 | 10 | 11,000 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2020 A, GO Bonds |
5.00% | 08/01/2030 | 100 | 110,132 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2020 A, GO Bonds |
5.00% | 08/01/2032 | 95 | 103,358 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2020 A, GO Bonds |
5.00% | 08/01/2033 | 120 | 129,999 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2020 A, GO Bonds |
5.00% | 08/01/2034 | 100 | 107,615 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2020 A, GO Bonds |
5.00% | 08/01/2035 | 545 | 582,093 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2021 A, Ref. GO Bonds |
5.00% | 08/01/2030 | 20 | 22,027 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2021 C, GO Bonds |
5.00% | 02/01/2030 | 55 | 60,141 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2022 A-1, GO Bonds |
5.00% | 08/01/2030 | 65 | 71,586 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2022 C, GO Bonds |
5.00% | 02/01/2030 | 55 | 60,141 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2023 B, GO Bonds |
5.00% | 02/01/2030 | 30 | 32,804 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2024 C, GO Bonds |
5.00% | 02/01/2030 | 75 | 82,011 | ||||||||||||
| Washington (State of) (Bid Group 2), Series R-2022D, GO Bonds |
4.00% | 07/01/2030 | 45 | 46,998 | ||||||||||||
| Washington (State of) (Bid Group 2), Series R-2023A, Ref. GO Bonds |
5.00% | 08/01/2030 | 40 | 44,053 | ||||||||||||
| Washington (State of) Health Care Facilities Authority (Seattle Cancer Care Alliance), Series 2020, Ref. RB |
5.00% | 09/01/2045 | 40 | 39,852 | ||||||||||||
| Washington (State of) Health Care Facilities Authority (Seattle Cancer Care Alliance), Series 2020, Ref. RB |
5.00% | 09/01/2050 | 100 | 97,936 | ||||||||||||
| Washington (State of) Health Care Facilities Authority (Seattle Cancer Care Alliance), Series 2020, Ref. RB |
5.00% | 09/01/2055 | 40 | 38,942 | ||||||||||||
| Washington (State of) Health Care Facilities Authority (Seattle Children’s Hospital), Series 2015 B, Ref. RB |
5.00% | 10/01/2038 | 250 | 258,468 | ||||||||||||
|
|
|
|||||||||||||||
| 6,862,533 | ||||||||||||||||
|
|
|
|||||||||||||||
| Wisconsin-0.49% |
||||||||||||||||
| Wisconsin (State of), Series 2020-1, Ref. GO Bonds |
5.00% | 05/01/2030 | 155 | 169,726 | ||||||||||||
| Wisconsin (State of), Series 2021 1, Ref. GO Bonds |
5.00% | 05/01/2030 | 270 | 295,652 | ||||||||||||
| Wisconsin (State of), Series 2021-2, Ref. GO Bonds |
5.00% | 05/01/2030 | 75 | 82,126 | ||||||||||||
| Wisconsin (State of), Series 2022-4, Ref. GO Bonds |
5.00% | 05/01/2030 | 90 | 98,551 | ||||||||||||
| Wisconsin (State of), Series 2024-1, Ref. GO Bonds |
5.00% | 05/01/2030 | 40 | 43,800 | ||||||||||||
| Wisconsin (State of), Series 2024-2, Ref. GO Bonds |
5.00% | 05/01/2030 | 15 | 16,425 | ||||||||||||
| Wisconsin (State of) Department of Transportation, Series 2023-1, Ref. RB |
5.00% | 07/01/2030 | 75 | 82,427 | ||||||||||||
|
|
|
|||||||||||||||
| 788,707 | ||||||||||||||||
|
|
|
|||||||||||||||
| TOTAL INVESTMENTS IN SECURITIES(d)
-98.59% |
158,329,944 | |||||||||||||||
| OTHER ASSETS LESS LIABILITIES-1.41% |
2,269,092 | |||||||||||||||
|
|
|
|||||||||||||||
| NET ASSETS-100.00% |
$ | 160,599,036 | ||||||||||||||
|
|
|
|||||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2030 Municipal Bond ETF (BSMU)–(continued)
May 31, 2025
(Unaudited)
Investment Abbreviations:
| AGI |
-Assured Guaranty, Inc. | |
| AMBAC |
-American Municipal Bond Assurance Corp. | |
| BAM |
-Build America Mutual Assurance Co. | |
| CEP |
-Credit Enhancement Provider | |
| COP |
-Certificates of Participation | |
| Ctfs. |
-Certificates | |
| GO |
-General Obligation | |
| INS |
-Insurer | |
| NATL |
-National Public Finance Guarantee Corp. | |
| RB |
-Revenue Bonds | |
| Ref. |
-Refunding | |
| RN |
-Revenue Notes |
Notes to Schedule of Investments:
| (a) | Principal and/or interest payments are secured by the bond insurance company listed. |
| (b) | Advance refunded; secured by an escrow fund of U.S. Government obligations or other highly rated collateral. |
| (c) | Security has an irrevocable call by the issuer or mandatory put by the holder. Maturity date reflects such call or put. |
| (d) | Entities may either issue, guarantee, back or otherwise enhance the credit quality of a security. The entities are not primarily responsible for the issuer’s obligations but may be called upon to satisfy the issuer’s obligations. No concentration of any single entity was greater than 5% each. |
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments
Invesco BulletShares 2031 Municipal Bond ETF (BSMV)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Municipal Obligations-98.39% |
||||||||||||||||
| Alabama-0.21% |
||||||||||||||||
| Alabama (State of) Public School & College Authority (Social Bonds), Series 2020 A, Ref. RB |
5.00% | 11/01/2031 | $ | 105 | $ | 114,995 | ||||||||||
| Board of Trustees of the Alabama Community College System, Series 2021, RB, (INS - AGI)(a) |
4.00% | 09/01/2046 | 15 | 13,243 | ||||||||||||
| Jefferson (County of), AL, Series 2024, Ref. Revenue Wts |
5.00% | 10/01/2031 | 70 | 75,813 | ||||||||||||
|
|
|
|||||||||||||||
| 204,051 | ||||||||||||||||
|
|
|
|||||||||||||||
| Alaska-0.04% |
||||||||||||||||
| Alaska (State of), Series 2024 A, Ref. GO Bonds |
5.00% | 08/01/2031 | 35 | 38,791 | ||||||||||||
|
|
|
|||||||||||||||
| Arizona-0.80% |
||||||||||||||||
| Arizona (State of) Department of Transportation, Series 2023, RB |
5.00% | 07/01/2031 | 10 | 11,103 | ||||||||||||
| Gilbert Water Resource Municipal Property Corp. (Green Bonds), Series 2022, RB |
5.00% | 07/15/2031 | 45 | 50,064 | ||||||||||||
| Maricopa (County of), AZ Special Health Care District, Series 2021 D, GO Bonds |
5.00% | 07/01/2031 | 20 | 21,812 | ||||||||||||
| Maricopa (County of), AZ Special Health Care District, Series 2021 D, GO Bonds |
5.00% | 07/01/2033 | 75 | 81,423 | ||||||||||||
| Maricopa (County of), AZ Special Health Care District, Series 2021 D, GO Bonds |
5.00% | 07/01/2034 | 115 | 124,175 | ||||||||||||
| Maricopa (County of), AZ Special Health Care District, Series 2021 D, GO Bonds |
4.00% | 07/01/2035 | 50 | 50,305 | ||||||||||||
| Mesa (City of), AZ, Series 2021, Ref. RB |
4.00% | 07/01/2035 | 65 | 65,537 | ||||||||||||
| Phoenix Civic Improvement Corp., Series 2021 A, RB |
5.00% | 07/01/2045 | 120 | 123,096 | ||||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2020 A, Ref. RB |
5.00% | 01/01/2045 | 150 | 154,676 | ||||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2022 A, Ref. RB |
5.00% | 01/01/2031 | 100 | 110,615 | ||||||||||||
|
|
|
|||||||||||||||
| 792,806 | ||||||||||||||||
|
|
|
|||||||||||||||
| Arkansas-0.11% |
||||||||||||||||
| University of Arkansas, Series 2021 A, RB |
5.00% | 12/01/2045 | 110 | 111,035 | ||||||||||||
|
|
|
|||||||||||||||
| California-19.39% |
||||||||||||||||
| Alameda (County of), CA Joint Powers Authority (Highland Hospital Project), Series 2023, Ref. RB |
5.00% | 12/01/2031 | 5 | 5,651 | ||||||||||||
| Bay Area Toll Authority, Series 2024 S-11, Ref. RB |
5.00% | 04/01/2031 | 25 | 28,001 | ||||||||||||
| Bay Area Toll Authority (San Francisco Bay Area), Series 2023 F-1, RB |
5.00% | 04/01/2031 | 20 | 22,401 | ||||||||||||
| California (State of), Series 2015 C, Ref. GO Bonds |
3.25% | 09/01/2031 | 60 | 59,017 | ||||||||||||
| California (State of), Series 2019, Ref. GO Bonds |
5.00% | 04/01/2031 | 180 | 199,765 | ||||||||||||
| California (State of), Series 2020, GO Bonds |
5.00% | 03/01/2031 | 25 | 27,715 | ||||||||||||
| California (State of), Series 2020, GO Bonds |
5.00% | 11/01/2031 | 155 | 170,567 | ||||||||||||
| California (State of), Series 2020, GO Bonds |
5.00% | 11/01/2031 | 10 | 11,004 | ||||||||||||
| California (State of), Series 2020, Ref. GO Bonds |
5.00% | 03/01/2031 | 35 | 38,184 | ||||||||||||
| California (State of), Series 2020, Ref. GO Bonds |
5.00% | 11/01/2031 | 85 | 93,537 | ||||||||||||
| California (State of), Series 2021, GO Bonds |
4.00% | 10/01/2033 | 360 | 371,363 | ||||||||||||
| California (State of), Series 2021, GO Bonds |
4.00% | 10/01/2034 | 260 | 265,755 | ||||||||||||
| California (State of), Series 2021, GO Bonds |
4.00% | 10/01/2035 | 25 | 25,374 | ||||||||||||
| California (State of), Series 2021, GO Bonds |
4.00% | 10/01/2036 | 70 | 70,529 | ||||||||||||
| California (State of), Series 2021, GO Bonds |
4.00% | 10/01/2039 | 155 | 152,878 | ||||||||||||
| California (State of), Series 2021, Ref. GO Bonds |
5.00% | 09/01/2031 | 145 | 161,716 | ||||||||||||
| California (State of), Series 2021, Ref. GO Bonds |
5.00% | 12/01/2031 | 60 | 67,098 | ||||||||||||
| California (State of), Series 2021, Ref. GO Bonds |
5.00% | 10/01/2032 | 325 | 358,165 | ||||||||||||
| California (State of), Series 2021, Ref. GO Bonds |
5.00% | 10/01/2037 | 75 | 80,579 | ||||||||||||
| California (State of), Series 2021, Ref. GO Bonds |
5.00% | 09/01/2041 | 475 | 503,381 | ||||||||||||
| California (State of), Series 2021, Ref. GO Bonds |
4.00% | 10/01/2041 | 50 | 48,931 | ||||||||||||
| California (State of), Series 2021, Ref. GO Bonds |
5.00% | 10/01/2041 | 225 | 237,645 | ||||||||||||
| California (State of), Series 2022, GO Bonds |
5.00% | 04/01/2031 | 265 | 294,098 | ||||||||||||
| California (State of), Series 2022, GO Bonds |
5.00% | 09/01/2031 | 55 | 61,340 | ||||||||||||
| California (State of), Series 2022, Ref. GO Bonds |
5.00% | 11/01/2031 | 105 | 117,316 | ||||||||||||
| California (State of), Series 2023, GO Bonds |
5.00% | 10/01/2031 | 350 | 390,700 | ||||||||||||
| California (State of), Series 2023, Ref. GO Bonds |
5.00% | 09/01/2031 | 20 | 22,306 | ||||||||||||
| California (State of), Series 2023, Ref. GO Bonds |
5.00% | 09/01/2031 | 200 | 223,056 | ||||||||||||
| California (State of), Series 2024, GO Bonds |
5.00% | 09/01/2031 | 5 | 5,576 | ||||||||||||
| California (State of), Series 2024, GO Bonds |
5.00% | 09/01/2031 | 35 | 39,035 | ||||||||||||
| California (State of), Series 2024, Ref. GO Bonds |
5.00% | 08/01/2031 | 180 | 200,569 | ||||||||||||
| California (State of), Series 2024, Ref. GO Bonds |
5.00% | 08/01/2031 | 250 | 278,568 | ||||||||||||
| California (State of) (Bid Group C), Series 2021 C, Ref. GO Bonds |
5.00% | 10/01/2031 | 370 | 413,026 | ||||||||||||
| California (State of) Department of Water Resources (Central Valley), Series 2020 BB, Ref. RB |
5.00% | 12/01/2031 | 20 | 22,321 | ||||||||||||
| California (State of) Department of Water Resources (Central Valley), Series 2021, RB |
5.00% | 12/01/2031 | 210 | 236,409 | ||||||||||||
| California (State of) Department of Water Resources (Central Valley), Series 2021, RB |
5.00% | 12/01/2032 | 10 | 11,222 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2031 Municipal Bond ETF (BSMV)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| California-(continued) |
||||||||||||||||
| California (State of) Department of Water Resources (Central Valley), Series 2021, RB |
5.00% | 12/01/2033 | $ | 60 | $ | 67,070 | ||||||||||
| California (State of) Department of Water Resources (Central Valley), Series 2021, RB |
4.00% | 12/01/2034 | 10 | 10,413 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Adventist Health System), Series 2024, RB |
5.00% | 12/01/2031 | 25 | 26,976 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Cedars Sinai Health System), Series 2021, Ref. RB, (INS - BAM)(a) |
4.00% | 08/15/2048 | 650 | 606,652 | ||||||||||||
| California (State of) Health Facilities Financing Authority (Cedars-Sinai Health System), Series 2021 A, Ref. RB |
5.00% | 08/15/2051 | 300 | 306,091 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (Clean Water Revolving Fund) (Green Bonds), Series 2023, RB |
5.00% | 10/01/2031 | 20 | 22,659 | ||||||||||||
| California (State of) Infrastructure & Economic Development Bank (Green Bonds) (California Science Center Phase III), Series 2021 B, RB |
4.00% | 05/01/2046 | 100 | 88,755 | ||||||||||||
| California (State of) Public Works Board, Series 2021 A, Ref. RB |
5.00% | 02/01/2031 | 270 | 298,099 | ||||||||||||
| California (State of) Public Works Board, Series 2022 A, Ref. RB |
5.00% | 08/01/2031 | 105 | 116,623 | ||||||||||||
| California (State of) Public Works Board, Series 2022 A, Ref. RB |
5.00% | 08/01/2033 | 125 | 137,327 | ||||||||||||
| California (State of) Public Works Board, Series 2022 A, Ref. RB |
5.00% | 08/01/2035 | 15 | 16,260 | ||||||||||||
| California (State of) Public Works Board, Series 2022 A, Ref. RB |
5.00% | 08/01/2036 | 15 | 16,139 | ||||||||||||
| California (State of) Public Works Board, Series 2022 C, Ref. RB |
5.00% | 08/01/2031 | 70 | 77,749 | ||||||||||||
| California (State of) Public Works Board, Series 2022 C, Ref. RB |
5.00% | 08/01/2033 | 30 | 32,958 | ||||||||||||
| California (State of) Public Works Board, Series 2022 C, Ref. RB |
5.00% | 08/01/2035 | 20 | 21,680 | ||||||||||||
| California (State of) Public Works Board (Green Bonds), Series 2021 C, RB |
4.00% | 11/01/2039 | 100 | 96,948 | ||||||||||||
| California (State of) Public Works Board (Green Bonds), Series 2021, RB |
5.00% | 11/01/2031 | 15 | 16,704 | ||||||||||||
| California (State of) Public Works Board (Green Bonds), Series 2021, RB |
5.00% | 11/01/2033 | 15 | 16,512 | ||||||||||||
| California (State of) Public Works Board (Green Bonds), Series 2021, RB |
4.00% | 11/01/2035 | 150 | 152,025 | ||||||||||||
| California (State of) Public Works Board (Green Bonds), Series 2021, RB |
4.00% | 11/01/2036 | 10 | 10,032 | ||||||||||||
| California (State of) Public Works Board (Green Bonds), Series 2021, RB |
4.00% | 11/01/2041 | 100 | 96,244 | ||||||||||||
| California (State of) Public Works Board (Green Bonds), Series 2021, RB |
5.00% | 11/01/2046 | 50 | 51,322 | ||||||||||||
| California (State of) Public Works Board (Sacramento Region New Natural Resources Headquarters) (Green Bonds), Series 2021, RB |
5.00% | 11/01/2034 | 75 | 81,978 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2021 B, RB |
5.00% | 05/01/2034 | 45 | 49,021 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2021 B, RB |
5.00% | 05/01/2035 | 55 | 59,535 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2021 B, RB |
4.00% | 05/01/2036 | 20 | 20,120 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2022 A, Ref. RB |
5.00% | 08/01/2034 | 300 | 327,386 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2023 B, Ref. RB |
5.00% | 12/01/2031 | 10 | 11,145 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2023 C, Ref. RB |
5.00% | 09/01/2031 | 15 | 16,675 | ||||||||||||
| California (State of) Public Works Board (Various Capital), Series 2024, Ref. RB |
5.00% | 09/01/2031 | 110 | 122,283 | ||||||||||||
| Contra Costa (County of), CA Transportation Authority, Series 2021 A, Ref. RB |
5.00% | 03/01/2031 | 15 | 16,857 | ||||||||||||
| Contra Costa (County of), CA Transportation Authority, Series 2021 A, Ref. RB |
4.00% | 03/01/2033 | 50 | 52,645 | ||||||||||||
| Contra Costa (County of), CA Transportation Authority, Series 2021 A, Ref. RB |
4.00% | 03/01/2034 | 65 | 67,935 | ||||||||||||
| Contra Costa (County of), CA Water District, Series 2021 W, Ref. RB |
5.00% | 10/01/2051 | 50 | 51,890 | ||||||||||||
| East Bay Municipal Utility District, Series 2022 B-2, Ref. RB |
5.00% | 06/01/2031 | 20 | 22,561 | ||||||||||||
| East Side Union High School District, Series 2024 B, GO Bonds, (INS - AGI)(a) |
5.00% | 08/01/2031 | 5 | 5,601 | ||||||||||||
| Elk Grove Unified School District (Election of 1998), Series 2023, RB, (INS - AGI)(a) |
4.00% | 12/01/2042 | 20 | 18,724 | ||||||||||||
| Hacienda La Puente Unified School District (Election of 2016), Series 2023 A, GO Bonds |
5.00% | 08/01/2047 | 35 | 36,531 | ||||||||||||
| Los Angeles (City of), CA, Series 2022 C, Ref. RB |
5.00% | 06/01/2031 | 100 | 111,340 | ||||||||||||
| Los Angeles (City of), CA Department of Airports, Series 2020 B, Ref. RB |
5.00% | 05/15/2031 | 100 | 109,224 | ||||||||||||
| Los Angeles (City of), CA Department of Airports, Series 2021 B, Ref. RB |
5.00% | 05/15/2033 | 125 | 137,584 | ||||||||||||
| Los Angeles (City of), CA Department of Airports, Series 2021 B, Ref. RB |
5.00% | 05/15/2035 | 80 | 87,156 | ||||||||||||
| Los Angeles (City of), CA Department of Airports, Series 2021 B, Ref. RB |
5.00% | 05/15/2036 | 90 | 97,499 | ||||||||||||
| Los Angeles (City of), CA Department of Airports, Series 2021 B, Ref. RB |
5.00% | 05/15/2037 | 40 | 43,074 | ||||||||||||
| Los Angeles (City of), CA Department of Airports, Series 2021 B, Ref. RB |
5.00% | 05/15/2041 | 20 | 20,962 | ||||||||||||
| Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2021 B, Ref. RB |
5.00% | 05/15/2045 | 20 | 20,585 | ||||||||||||
| Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2021 B, Ref. RB |
5.00% | 05/15/2048 | 85 | 86,702 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2021 B, Ref. RB |
5.00% | 07/01/2035 | 90 | 94,761 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2021 B, Ref. RB |
5.00% | 07/01/2037 | 455 | 473,764 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2021 B, Ref. RB |
5.00% | 07/01/2041 | 5 | 5,109 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2021 B, Ref. RB |
5.00% | 07/01/2046 | 105 | 105,758 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2021 B, Ref. RB |
5.00% | 07/01/2046 | 15 | 15,108 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2021 B, Ref. RB |
5.00% | 07/01/2048 | 50 | 50,188 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2031 Municipal Bond ETF (BSMV)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| California-(continued) |
||||||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2021 C, RB |
5.00% | 07/01/2040 | $ | 20 | $ | 20,530 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2021, RB |
5.00% | 07/01/2045 | 55 | 55,559 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2021, RB |
5.00% | 07/01/2051 | 125 | 124,348 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2022 A, RB |
5.00% | 07/01/2037 | 50 | 52,225 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2022 A, RB |
5.00% | 07/01/2039 | 60 | 61,735 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2022 A, RB |
5.00% | 07/01/2041 | 95 | 97,237 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2022 A, RB |
5.00% | 07/01/2051 | 5 | 4,974 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2023 A, Ref. RB |
5.00% | 07/01/2031 | 115 | 124,037 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2023 D, Ref. RB |
5.00% | 07/01/2031 | 5 | 5,393 | ||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2024 B, Ref. RB |
5.00% | 07/01/2031 | 15 | 16,179 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2021 A, RB |
5.00% | 06/01/2031 | 205 | 231,010 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2021 A, RB |
5.00% | 06/01/2033 | 125 | 139,377 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2021 A, RB |
4.00% | 06/01/2036 | 70 | 70,622 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2021 A, RB |
4.00% | 06/01/2038 | 5 | 4,944 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2021 A, RB |
4.00% | 06/01/2039 | 10 | 9,787 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2021 A, Ref. RB |
4.00% | 06/01/2034 | 145 | 149,363 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2021 A, Ref. RB |
4.00% | 06/01/2037 | 10 | 10,015 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2020, RB |
5.00% | 06/01/2031 | 10 | 11,046 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2020, RB |
5.00% | 06/01/2031 | 75 | 84,295 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Senior Bonds), Series 2021 A, RB |
5.00% | 07/01/2038 | 100 | 108,312 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Senior Bonds), Series 2021 A, RB |
5.00% | 07/01/2041 | 20 | 21,235 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Senior Bonds), Series 2021 A, RB |
5.00% | 07/01/2046 | 160 | 165,904 | ||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Senior Bonds), Series 2023, Ref. RB |
5.00% | 07/01/2031 | 35 | 39,483 | ||||||||||||
| Los Angeles (County of), CA Public Works Financing Authority, Series 2022 G, Ref. RB |
5.00% | 12/01/2040 | 30 | 31,533 | ||||||||||||
| Los Angeles (County of), CA Public Works Financing Authority, Series 2022 G, Ref. RB |
5.00% | 12/01/2041 | 140 | 146,298 | ||||||||||||
| Los Angeles Community College District, Series 2024, GO Bonds |
5.00% | 08/01/2031 | 115 | 129,799 | ||||||||||||
| Los Angeles Unified School District, Series 2016 B, Ref. GO Bonds |
3.00% | 07/01/2031 | 110 | 107,045 | ||||||||||||
| Los Angeles Unified School District, Series 2020 C, GO Bonds |
4.00% | 07/01/2031 | 5 | 5,234 | ||||||||||||
| Los Angeles Unified School District, Series 2021 A, Ref. GO Bonds |
5.00% | 07/01/2031 | 370 | 409,536 | ||||||||||||
| Los Angeles Unified School District, Series 2021 A, Ref. GO Bonds |
4.00% | 07/01/2032 | 270 | 282,634 | ||||||||||||
| Los Angeles Unified School District, Series 2024 A, Ref. GO Bonds |
5.00% | 07/01/2031 | 60 | 66,937 | ||||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2023 QRR, GO Bonds |
5.00% | 07/01/2031 | 100 | 111,561 | ||||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2024 QRR, GO Bonds |
5.00% | 07/01/2031 | 35 | 39,047 | ||||||||||||
| Metropolitan Water District of Southern California, Series 2021 A, RB |
5.00% | 10/01/2046 | 60 | 62,456 | ||||||||||||
| Metropolitan Water District of Southern California, Series 2021 A, RB |
5.00% | 10/01/2051 | 150 | 155,388 | ||||||||||||
| Metropolitan Water District of Southern California, Series 2022 A, Ref. RB |
5.00% | 10/01/2031 | 25 | 28,323 | ||||||||||||
| Metropolitan Water District of Southern California, Series 2022 B, Ref. RB |
5.00% | 07/01/2031 | 15 | 16,939 | ||||||||||||
| Mountain House Public Financing Authority (Green Bonds), Series 2023, RB, (INS - BAM)(a) |
4.25% | 12/01/2052 | 65 | 60,469 | ||||||||||||
| Northern California Power Agency (Hydroelectric No. 1), Series 2022, Ref. RB |
5.00% | 07/01/2031 | 10 | 11,305 | ||||||||||||
| Ontario (City of), CA International Airport Authority, Series 2021 A, RB, (INS - AGI)(a) |
5.00% | 05/15/2046 | 150 | 153,090 | ||||||||||||
| Orange (County of), CA Sanitation District, Series 2022 A, Ref. COP |
5.00% | 02/01/2031 | 65 | 72,735 | ||||||||||||
| Orange (County of), CA Sanitation District, Series 2022 A, Ref. COP |
5.00% | 02/01/2033 | 20 | 22,176 | ||||||||||||
| Peninsula Corridor Joint Powers Board (Green Bonds), Series 2022 A, RB |
5.00% | 06/01/2051 | 150 | 153,462 | ||||||||||||
| Pleasanton Unified School District (Election of 2022), Series 2023, GO Bonds |
4.00% | 08/01/2052 | 20 | 17,348 | ||||||||||||
| Regents of the University of California Medical Center, Series 2016 L, Ref. RB |
2.50% | 05/15/2031 | 100 | 92,819 | ||||||||||||
| Rialto Public Financing Authority (Police Station), Series 2023 A, RB |
5.25% | 06/01/2053 | 200 | 207,591 | ||||||||||||
| Riverside (County of), CA Transportation Commission, Series 2021 B-1, Ref. RB |
4.00% | 06/01/2037 | 90 | 88,560 | ||||||||||||
| Sacramento (City of), CA Municipal Utility District (Green Bonds), Series 2024 N-1, Ref. RB |
5.00% | 11/15/2031 | 30 | 33,908 | ||||||||||||
| Sacramento (County of), CA Sanitation Districts Financing Authority, Series 2021, Ref. RB |
5.00% | 12/01/2031 | 150 | 170,398 | ||||||||||||
| Sacramento (County of), CA Sanitation Districts Financing Authority, Series 2021, Ref. RB |
5.00% | 12/01/2033 | 10 | 11,240 | ||||||||||||
| Sacramento Transportation Authority (Measure A), Series 2023, Ref. RB |
5.00% | 10/01/2031 | 5 | 5,668 | ||||||||||||
| San Bernardino Community College District (Election of 2018), Series 2023 B, GO Bonds |
4.13% | 08/01/2049 | 200 | 186,905 | ||||||||||||
| San Bernardino Community College District (Election of 2018), Series 2023 B, GO Bonds |
5.00% | 08/01/2049 | 15 | 15,583 | ||||||||||||
| San Diego (County of), CA Regional Airport Authority, Series 2021 A, RB |
5.00% | 07/01/2046 | 200 | 204,194 | ||||||||||||
| San Diego (County of), CA Regional Airport Authority, Series 2021 A, RB |
5.00% | 07/01/2051 | 250 | 253,181 | ||||||||||||
| San Diego (County of), CA Regional Airport Authority, Series 2021 A, RB |
5.00% | 07/01/2056 | 160 | 161,551 | ||||||||||||
| San Diego (County of), CA Regional Transportation Commission, Series 2021 B, Ref. RB |
5.00% | 04/01/2045 | 220 | 229,299 | ||||||||||||
| San Diego (County of), CA Regional Transportation Commission, Series 2023 A, Ref. RB |
5.00% | 04/01/2031 | 35 | 39,382 | ||||||||||||
| San Diego (County of), CA Water Authority (Green Bonds), Series 2021 A, Ref. RB |
5.00% | 05/01/2031 | 55 | 61,613 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2031 Municipal Bond ETF (BSMV)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| California-(continued) |
||||||||||||||||
| San Diego (County of), CA Water Authority (Green Bonds), Series 2021 B, Ref. RB |
5.00% | 05/01/2031 | $ | 115 | $ | 128,828 | ||||||||||
| San Diego (County of), CA Water Authority (Green Bonds), Series 2021 B, Ref. RB |
4.00% | 05/01/2033 | 20 | 20,924 | ||||||||||||
| San Diego (County of), CA Water Authority (Green Bonds), Series 2021 B, Ref. RB |
4.00% | 05/01/2034 | 35 | 36,382 | ||||||||||||
| San Diego (County of), CA Water Authority (Green Bonds), Series 2021 B, Ref. RB |
4.00% | 05/01/2035 | 100 | 103,212 | ||||||||||||
| San Diego (County of), CA Water Authority (Green Bonds), Series 2021 B, Ref. RB |
4.00% | 05/01/2036 | 60 | 61,249 | ||||||||||||
| San Diego (County of), CA Water Authority (Green Bonds), Series 2021 B, Ref. RB |
4.00% | 05/01/2037 | 70 | 70,815 | ||||||||||||
| San Diego (County of), CA Water Authority (Green Bonds), Series 2021 B, Ref. RB |
4.00% | 05/01/2038 | 10 | 9,999 | ||||||||||||
| San Diego Unified School District (Election of 2018) (Green Bonds), Series 2021 E-2, GO Bonds |
5.00% | 07/01/2031 | 30 | 33,700 | ||||||||||||
| San Diego Unified School District (Green Bonds), Series 2021 E-2, GO Bonds |
4.00% | 07/01/2033 | 185 | 194,111 | ||||||||||||
| San Francisco (City & County of), CA, Series 2022 R-1, Ref. GO Bonds |
5.00% | 06/15/2031 | 45 | 50,548 | ||||||||||||
| San Francisco (City & County of), CA (Moscone Convention Center Expansion), Series 2017 B, COP |
3.00% | 04/01/2031 | 195 | 187,834 | ||||||||||||
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2021 B, Ref. RB |
5.00% | 05/01/2031 | 5 | 5,555 | ||||||||||||
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2021 B, Ref. RB |
5.00% | 05/01/2034 | 50 | 54,581 | ||||||||||||
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2021 B, Ref. RB |
5.00% | 05/01/2035 | 25 | 27,131 | ||||||||||||
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2021 B, Ref. RB |
5.00% | 05/01/2036 | 100 | 107,918 | ||||||||||||
| San Francisco (City & County of), CA Public Utilities Commission, Series 2023 B, Ref. RB |
5.00% | 10/01/2031 | 105 | 118,437 | ||||||||||||
| San Francisco (City & County of), CA Public Utilities Commission (Green Bonds), Series 2021 A, RB |
5.00% | 10/01/2044 | 145 | 150,400 | ||||||||||||
| San Francisco (City & County of), CA Public Utilities Commission (Green Bonds), Series 2021 A, RB |
5.00% | 10/01/2046 | 55 | 56,619 | ||||||||||||
| San Francisco (City & County of), CA Public Utilities Commission (Green Bonds), Series 2023, Ref. RB |
5.00% | 11/01/2031 | 30 | 33,874 | ||||||||||||
| San Francisco (City of), CA Municipal Transportation Agency (Green Bonds), Series 2021 C, RB |
4.00% | 03/01/2046 | 15 | 13,637 | ||||||||||||
| San Francisco (County of), CA Transportation Authority, Series 2017, RB |
3.00% | 02/01/2031 | 15 | 14,676 | ||||||||||||
| San Mateo Union High School District (Election of 2020), Series 2023 C, GO Bonds |
4.00% | 09/01/2043 | 20 | 19,399 | ||||||||||||
| Santa Clara (County of), CA (Election of 2008), Series 2013 B, GO Bonds |
3.00% | 08/01/2031 | 70 | 67,639 | ||||||||||||
| Santa Clara Valley Transportation Authority, Series 2023 A, Ref. RB |
5.00% | 04/01/2031 | 20 | 22,504 | ||||||||||||
| Santa Monica-Malibu Unified School District (Election of 2018), Series 2023 C, GO Bonds |
5.00% | 08/01/2039 | 150 | 162,373 | ||||||||||||
| Southwestern Community College District, Series 2021 D, GO Bonds |
4.00% | 08/01/2046 | 65 | 60,086 | ||||||||||||
| University of California, Series 2020 BE, Ref. RB |
5.00% | 05/15/2031 | 15 | 16,355 | ||||||||||||
| University of California, Series 2021 BH, Ref. RB |
4.00% | 05/15/2046 | 45 | 41,615 | ||||||||||||
| University of California, Series 2023 BN, Ref. RB |
5.00% | 05/15/2031 | 180 | 199,463 | ||||||||||||
| University of California, Series 2024 BW, Ref. RB |
5.00% | 05/15/2031 | 210 | 232,707 | ||||||||||||
| University of California (Limited), Series 2021 Q, Ref. RB |
5.00% | 05/15/2033 | 75 | 82,294 | ||||||||||||
| University of California (Limited), Series 2021 Q, Ref. RB |
5.00% | 05/15/2034 | 75 | 81,854 | ||||||||||||
| University of California (Limited), Series 2021 Q, Ref. RB |
5.00% | 05/15/2035 | 35 | 37,934 | ||||||||||||
| University of California (Limited), Series 2021 Q, Ref. RB |
4.00% | 05/15/2036 | 85 | 86,487 | ||||||||||||
| University of California (Limited), Series 2021 Q, Ref. RB |
4.00% | 05/15/2037 | 10 | 10,081 | ||||||||||||
| University of California (Limited), Series 2021 Q, Ref. RB |
4.00% | 05/15/2038 | 110 | 109,376 | ||||||||||||
| University of California (Limited), Series 2021 Q, Ref. RB |
4.00% | 05/15/2039 | 30 | 29,408 | ||||||||||||
| University of California (Limited), Series 2021 Q, Ref. RB |
5.00% | 05/15/2046 | 565 | 577,229 | ||||||||||||
| Ventura County Community College District, Series 2015, Ref. GO Bonds |
3.13% | 08/01/2031 | 180 | 178,373 | ||||||||||||
| West County Facilities Financing Authority (Green Bonds), Series 2021, RB |
4.00% | 06/01/2051 | 150 | 134,899 | ||||||||||||
|
|
|
|||||||||||||||
| 19,103,060 | ||||||||||||||||
|
|
|
|||||||||||||||
| Colorado-1.73% |
||||||||||||||||
| Colorado (State of), Series 2020 A, COP |
5.00% | 12/15/2031 | 50 | 54,645 | ||||||||||||
| Colorado (State of), Series 2021 A, COP |
5.00% | 12/15/2031 | 65 | 72,106 | ||||||||||||
| Colorado (State of), Series 2021 A, COP |
5.00% | 12/15/2033 | 10 | 10,941 | ||||||||||||
| Colorado (State of), Series 2021 A, COP |
5.00% | 12/15/2034 | 15 | 16,302 | ||||||||||||
| Colorado (State of), Series 2021 A, COP |
4.00% | 12/15/2035 | 200 | 200,510 | ||||||||||||
| Colorado (State of), Series 2021 A, COP |
4.00% | 12/15/2036 | 50 | 49,416 | ||||||||||||
| Colorado (State of) Health Facilities Authority (Adventhealth Obligated Group), Series 2021, Ref. RB |
5.00% | 11/15/2039 | 35 | 36,487 | ||||||||||||
| Colorado (State of) Health Facilities Authority (Adventhealth Obligated Group), Series 2021, Ref. RB |
5.00% | 11/15/2040 | 195 | 203,456 | ||||||||||||
| Colorado (State of) Health Facilities Authority (Intermountain Healthcare), Series 2022 A, Ref. RB |
5.00% | 05/15/2031 | 140 | 153,777 | ||||||||||||
| Colorado (State of) Regional Transportation District (Denver Transit Partners Eagle P3), Series 2020 A, Ref. RB |
4.00% | 07/15/2034 | 15 | 14,894 | ||||||||||||
| Colorado (State of) Regional Transportation District (Denver Transit Partners Eagle P3), Series 2020 A, Ref. RB |
4.00% | 07/15/2035 | 10 | 9,837 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2031 Municipal Bond ETF (BSMV)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Colorado-(continued) |
||||||||||||||||
| Colorado (State of) Regional Transportation District (Denver Transit Partners Eagle P3), Series 2020 A, Ref. RB |
4.00% | 07/15/2036 | $ | 10 | $ | 9,816 | ||||||||||
| Colorado (State of) Regional Transportation District (Fastracks), Series 2013 A, Ref. RB |
5.00% | 11/01/2031 | 5 | 5,577 | ||||||||||||
| Colorado (State of) Regional Transportation District (Fastracks), Series 2023 A, Ref. RB |
5.00% | 11/01/2031 | 70 | 78,081 | ||||||||||||
| Colorado (State of) Regional Transportation District (Green Bonds), Series 2021 B, Ref. RB |
4.00% | 11/01/2040 | 15 | 14,568 | ||||||||||||
| Colorado (State of) Regional Transportation District (Green Bonds), Series 2021, Ref. RB |
4.00% | 11/01/2039 | 100 | 98,152 | ||||||||||||
| Denver (City & County of), CO, Series 2012 B, RB |
4.00% | 11/15/2031 | 85 | 85,008 | ||||||||||||
| Denver (City & County of), CO, Series 2022 C, Ref. RB |
5.00% | 11/15/2031 | 15 | 16,673 | ||||||||||||
| Denver City & County School District No. 1, Series 2021, GO Bonds |
5.00% | 12/01/2031 | 160 | 175,904 | ||||||||||||
| Grand County School District No. 2 East Grand, Series 2022, GO Bonds |
4.00% | 12/01/2046 | 20 | 18,160 | ||||||||||||
| Jefferson County School District R-1, Series 2020, GO Bonds |
4.00% | 12/15/2031 | 100 | 104,007 | ||||||||||||
| Northern Colorado Water Conservancy District, Series 2022, COP |
5.25% | 07/01/2052 | 80 | 81,792 | ||||||||||||
| University of Colorado, Series 2023 A, RB |
4.00% | 06/01/2031 | 40 | 42,103 | ||||||||||||
| University of Colorado Hospital Authority, Series 2024 B, Ref. RB |
5.00% | 11/15/2031 | 140 | 154,753 | ||||||||||||
|
|
|
|||||||||||||||
| 1,706,965 | ||||||||||||||||
|
|
|
|||||||||||||||
| Connecticut-2.78% |
||||||||||||||||
| Connecticut (State of), Series 2017 A, GO Bonds |
3.50% | 04/15/2031 | 30 | 30,037 | ||||||||||||
| Connecticut (State of), Series 2020 A, RB |
5.00% | 05/01/2031 | 25 | 27,214 | ||||||||||||
| Connecticut (State of), Series 2021 A, GO Bonds |
4.00% | 01/15/2031 | 185 | 193,170 | ||||||||||||
| Connecticut (State of), Series 2021 A, RB |
5.00% | 05/01/2031 | 150 | 165,881 | ||||||||||||
| Connecticut (State of), Series 2021 A, RB |
5.00% | 05/01/2033 | 45 | 49,237 | ||||||||||||
| Connecticut (State of), Series 2021 A, RB |
5.00% | 05/01/2034 | 25 | 27,237 | ||||||||||||
| Connecticut (State of), Series 2021 A, RB |
5.00% | 05/01/2035 | 10 | 10,808 | ||||||||||||
| Connecticut (State of), Series 2021 A, RB |
4.00% | 05/01/2036 | 140 | 141,070 | ||||||||||||
| Connecticut (State of), Series 2021 A, RB |
4.00% | 05/01/2037 | 130 | 130,136 | ||||||||||||
| Connecticut (State of), Series 2021 A, RB |
4.00% | 05/01/2038 | 15 | 14,805 | ||||||||||||
| Connecticut (State of), Series 2021 A, RB |
5.00% | 05/01/2041 | 425 | 441,428 | ||||||||||||
| Connecticut (State of), Series 2021 D, RB |
5.00% | 11/01/2031 | 150 | 166,761 | ||||||||||||
| Connecticut (State of), Series 2021 D, RB |
5.00% | 11/01/2035 | 50 | 54,140 | ||||||||||||
| Connecticut (State of), Series 2021 D, RB |
4.00% | 11/01/2037 | 55 | 54,709 | ||||||||||||
| Connecticut (State of), Series 2021 D, RB |
5.00% | 11/01/2041 | 165 | 171,801 | ||||||||||||
| Connecticut (State of), Series 2022 A, GO Bonds |
4.00% | 01/15/2031 | 40 | 41,766 | ||||||||||||
| Connecticut (State of), Series 2022 D, Ref. GO Bonds |
5.00% | 09/15/2031 | 30 | 33,327 | ||||||||||||
| Connecticut (State of), Series 2022 E, GO Bonds |
5.00% | 11/15/2031 | 60 | 66,767 | ||||||||||||
| Connecticut (State of), Series 2022 G, Ref. GO Bonds |
5.00% | 11/15/2031 | 45 | 50,075 | ||||||||||||
| Connecticut (State of), Series 2023 B, Ref. GO Bonds |
5.00% | 08/01/2031 | 50 | 55,476 | ||||||||||||
| Connecticut (State of), Series 2023 B, Ref. RB |
5.00% | 07/01/2031 | 55 | 60,938 | ||||||||||||
| Connecticut (State of), Series 2024 A, GO Bonds |
5.00% | 01/15/2031 | 165 | 181,888 | ||||||||||||
| Connecticut (State of), Series 2024 A-1, RB |
5.00% | 07/01/2031 | 190 | 210,515 | ||||||||||||
| Connecticut (State of), Series 2024 C, Ref. GO Bonds |
5.00% | 03/01/2031 | 20 | 22,083 | ||||||||||||
| Connecticut (State of), Series 2024 E, Ref. GO Bonds |
5.00% | 09/01/2031 | 60 | 66,628 | ||||||||||||
| Connecticut (State of), Series 2024 F, GO Bonds |
5.00% | 11/15/2031 | 65 | 72,331 | ||||||||||||
| Connecticut (State of) (Green Bonds), Series 2021 B, GO Bonds |
4.00% | 06/01/2031 | 25 | 26,146 | ||||||||||||
| Connecticut (State of) (Green Bonds), Series 2021 B, GO Bonds |
4.00% | 06/01/2034 | 40 | 40,834 | ||||||||||||
| Connecticut (State of) (Green Bonds), Series 2021 D, Ref. GO Bonds |
5.00% | 07/15/2031 | 105 | 116,445 | ||||||||||||
| Hartford (City of), CT, Series 2023, Ref. RB |
5.00% | 04/01/2031 | 10 | 10,958 | ||||||||||||
|
|
|
|||||||||||||||
| 2,734,611 | ||||||||||||||||
|
|
|
|||||||||||||||
| Delaware-0.38% |
||||||||||||||||
| Delaware (State of), Series 2020 A, GO Bonds |
5.00% | 01/01/2031 | 135 | 147,326 | ||||||||||||
| Delaware (State of), Series 2021, Ref. GO Bonds |
5.00% | 02/01/2031 | 125 | 139,180 | ||||||||||||
| Delaware (State of), Series 2022, Ref. GO Bonds |
5.00% | 03/01/2031 | 50 | 55,737 | ||||||||||||
| Delaware (State of) Transportation Authority, Series 2020, Ref. RB |
5.00% | 07/01/2031 | 25 | 27,398 | ||||||||||||
|
|
|
|||||||||||||||
| 369,641 | ||||||||||||||||
|
|
|
|||||||||||||||
| District of Columbia-1.69% |
||||||||||||||||
| District of Columbia, Series 2020 A, RB |
5.00% | 03/01/2031 | 30 | 32,545 | ||||||||||||
| District of Columbia, Series 2020 B, Ref. RB |
5.00% | 10/01/2031 | 60 | 66,539 | ||||||||||||
| District of Columbia, Series 2021 D, GO Bonds |
5.00% | 02/01/2033 | 5 | 5,446 | ||||||||||||
| District of Columbia, Series 2021 D, GO Bonds |
5.00% | 02/01/2034 | 130 | 140,866 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2031 Municipal Bond ETF (BSMV)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| District of Columbia-(continued) |
||||||||||||||||
| District of Columbia, Series 2021 D, GO Bonds |
5.00% | 02/01/2035 | $ | 65 | $ | 69,955 | ||||||||||
| District of Columbia, Series 2021 D, GO Bonds |
4.00% | 02/01/2036 | 45 | 45,472 | ||||||||||||
| District of Columbia, Series 2021 D, GO Bonds |
4.00% | 02/01/2037 | 30 | 30,140 | ||||||||||||
| District of Columbia, Series 2021 D, GO Bonds |
5.00% | 02/01/2038 | 35 | 36,897 | ||||||||||||
| District of Columbia, Series 2021 D, GO Bonds |
5.00% | 02/01/2041 | 45 | 46,459 | ||||||||||||
| District of Columbia, Series 2021 D, GO Bonds |
5.00% | 02/01/2046 | 175 | 178,081 | ||||||||||||
| District of Columbia, Series 2021 E, Ref. GO Bonds |
5.00% | 02/01/2034 | 95 | 102,872 | ||||||||||||
| District of Columbia, Series 2021 E, Ref. GO Bonds |
5.00% | 02/01/2035 | 110 | 118,424 | ||||||||||||
| District of Columbia, Series 2021 E, Ref. GO Bonds |
4.00% | 02/01/2037 | 35 | 35,160 | ||||||||||||
| District of Columbia, Series 2023 A, GO Bonds |
5.00% | 01/01/2031 | 95 | 104,467 | ||||||||||||
| Washington Metropolitan Area Transit Authority, Series 2020 A, RB |
5.00% | 07/15/2031 | 90 | 98,054 | ||||||||||||
| Washington Metropolitan Area Transit Authority (Green Bonds), Series 2021 A, RB |
5.00% | 07/15/2031 | 10 | 11,037 | ||||||||||||
| Washington Metropolitan Area Transit Authority (Green Bonds), Series 2021 A, RB |
5.00% | 07/15/2033 | 80 | 87,329 | ||||||||||||
| Washington Metropolitan Area Transit Authority (Green Bonds), Series 2021 A, RB |
4.00% | 07/15/2034 | 15 | 15,297 | ||||||||||||
| Washington Metropolitan Area Transit Authority (Green Bonds), Series 2021 A, RB |
5.00% | 07/15/2037 | 30 | 31,900 | ||||||||||||
| Washington Metropolitan Area Transit Authority (Green Bonds), Series 2021 A, RB |
4.00% | 07/15/2038 | 75 | 73,308 | ||||||||||||
| Washington Metropolitan Area Transit Authority (Green Bonds), Series 2021 A, RB |
5.00% | 07/15/2041 | 325 | 334,720 | ||||||||||||
|
|
|
|||||||||||||||
| 1,664,968 | ||||||||||||||||
|
|
|
|||||||||||||||
| Florida-3.16% |
||||||||||||||||
| Broward (County of), FL (Convention Center Expansion), Series 2021, RB |
4.00% | 09/01/2036 | 145 | 145,402 | ||||||||||||
| Broward (County of), FL School Board, Series 2020 A, COP |
5.00% | 07/01/2031 | 170 | 183,230 | ||||||||||||
| Central Florida Expressway Authority, Series 2021 D, RB |
5.00% | 07/01/2031 | 15 | 16,497 | ||||||||||||
| Central Florida Expressway Authority, Series 2021 D, RB, (INS - AGI)(a) |
5.00% | 07/01/2033 | 80 | 86,943 | ||||||||||||
| Central Florida Expressway Authority, Series 2021 D, RB, (INS - AGI)(a) |
5.00% | 07/01/2034 | 95 | 102,580 | ||||||||||||
| Central Florida Expressway Authority, Series 2021, Ref. RB, (INS - AGI)(a) |
5.00% | 07/01/2031 | 20 | 22,136 | ||||||||||||
| Central Florida Expressway Authority, Series 2021, Ref. RB, (INS - AGI)(a) |
4.00% | 07/01/2034 | 90 | 92,097 | ||||||||||||
| Central Florida Expressway Authority, Series 2021, Ref. RB, (INS - AGI)(a) |
4.00% | 07/01/2035 | 95 | 96,713 | ||||||||||||
| Central Florida Expressway Authority, Series 2021, Ref. RB, (INS - AGI)(a) |
4.00% | 07/01/2039 | 225 | 219,327 | ||||||||||||
| Duval County (County of), FL School Board, Series 2022 A, COP, (INS - AGI)(a) |
5.00% | 07/01/2031 | 25 | 27,006 | ||||||||||||
| Florida (State of), Series 2021 A, Ref. GO Bonds |
5.00% | 06/01/2031 | 170 | 188,982 | ||||||||||||
| Florida (State of), Series 2021 B, Ref. GO Bonds |
5.00% | 06/01/2031 | 95 | 105,607 | ||||||||||||
| Florida (State of) (Right-of-Way Acquisition), Series 2021 A, Ref. GO Bonds |
5.00% | 07/01/2031 | 55 | 61,229 | ||||||||||||
| Florida (State of) Municipal Power Agency, Series 2016 A, Ref. RB |
3.00% | 10/01/2031 | 75 | 71,752 | ||||||||||||
| Florida Development Finance Corp. (Lakeland Regional Health System), Series 2021, Ref. RB |
4.00% | 11/15/2033 | 35 | 34,868 | ||||||||||||
| Florida Development Finance Corp. (Lakeland Regional Health System), Series 2021, Ref. RB |
4.00% | 11/15/2034 | 110 | 108,271 | ||||||||||||
| Florida Development Finance Corp. (Lakeland Regional Health System), Series 2021, Ref. RB |
4.00% | 11/15/2035 | 40 | 39,186 | ||||||||||||
| Hillsborough (County of), FL Aviation Authority (Tampa International Airport), Series 2022 B, RB |
5.00% | 10/01/2047 | 35 | 35,651 | ||||||||||||
| Jacksonville (City of), FL, Series 2015, Ref. RB |
3.00% | 10/01/2031 | 100 | 97,713 | ||||||||||||
| Jacksonville (City of), FL, Series 2023 A, Ref. RB |
5.00% | 10/01/2031 | 5 | 5,539 | ||||||||||||
| Miami-Dade (County of), FL, Series 2020 A, Ref. RB |
5.00% | 10/01/2031 | 30 | 32,518 | ||||||||||||
| Miami-Dade (County of), FL, Series 2021 B-2, Ref. RB |
4.00% | 10/01/2041 | 10 | 9,350 | ||||||||||||
| Miami-Dade (County of), FL, Series 2021, RB |
5.00% | 10/01/2032 | 45 | 49,257 | ||||||||||||
| Miami-Dade (County of), FL, Series 2021, RB |
4.00% | 10/01/2033 | 115 | 117,935 | ||||||||||||
| Miami-Dade (County of), FL, Series 2021, RB |
4.00% | 10/01/2034 | 5 | 5,089 | ||||||||||||
| Miami-Dade (County of), FL, Series 2021, RB |
3.00% | 10/01/2036 | 5 | 4,452 | ||||||||||||
| Miami-Dade (County of), FL, Series 2021, RB |
4.00% | 10/01/2037 | 130 | 130,185 | ||||||||||||
| Miami-Dade (County of), FL, Series 2021, RB |
4.00% | 10/01/2042 | 10 | 9,391 | ||||||||||||
| Miami-Dade (County of), FL, Series 2021, RB |
4.00% | 10/01/2046 | 300 | 269,295 | ||||||||||||
| North Sumter (County of), FL Utility Dependent District (Sumter Water Conservation Authority), Series 2021, RB, (INS - AGI)(a) |
5.00% | 10/01/2046 | 130 | 130,793 | ||||||||||||
| Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group), Series 2023, RB |
5.00% | 10/01/2031 | 125 | 137,265 | ||||||||||||
| Palm Beach County School District, Series 2021 A, COP |
5.00% | 08/01/2036 | 70 | 74,671 | ||||||||||||
| Palm Beach County School District, Series 2021 A, COP |
5.00% | 08/01/2038 | 115 | 120,583 | ||||||||||||
| Palm Beach County School District, Series 2021 A, COP |
5.00% | 08/01/2040 | 85 | 88,308 | ||||||||||||
| Pasco (County of), FL School Board, Series 2021 A, Ref. COP |
5.00% | 08/01/2031 | 15 | 16,466 | ||||||||||||
| South Florida Water Management District, Series 2016, Ref. COP |
3.00% | 10/01/2031 | 185 | 177,460 | ||||||||||||
|
|
|
|||||||||||||||
| 3,113,747 | ||||||||||||||||
|
|
|
|||||||||||||||
| Georgia-1.58% |
||||||||||||||||
| Atlanta (City of), GA (Green Bonds), Series 2024, RB, (INS - BAM)(a) |
5.00% | 11/01/2031 | 15 | 16,676 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2031 Municipal Bond ETF (BSMV)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Georgia-(continued) |
||||||||||||||||
| Atlanta (City of), GA (Social Bonds), Series 2022 A-1, Ref. GO Bonds |
5.00% | 12/01/2031 | $ | 30 | $ | 33,530 | ||||||||||
| DeKalb (County of), GA, Series 2022, Ref. RB |
5.00% | 10/01/2031 | 40 | 44,408 | ||||||||||||
| Georgia (State of), Series 2021 A, Ref. GO Bonds |
4.00% | 07/01/2034 | 25 | 25,666 | ||||||||||||
| Georgia (State of), Series 2021 A, Ref. GO Bonds |
4.00% | 07/01/2035 | 25 | 25,453 | ||||||||||||
| Georgia (State of), Series 2021 A, Ref. GO Bonds |
4.00% | 07/01/2038 | 20 | 19,997 | ||||||||||||
| Georgia (State of), Series 2021 A, Ref. GO Bonds |
4.00% | 07/01/2039 | 10 | 9,988 | ||||||||||||
| Georgia (State of), Series 2022 A, GO Bonds |
5.00% | 07/01/2031 | 105 | 117,263 | ||||||||||||
| Georgia (State of), Series 2023 C, Ref. GO Bonds |
5.00% | 01/01/2031 | 10 | 11,094 | ||||||||||||
| Georgia (State of) (Bid Group 1), Series 2023 A, GO Bonds |
5.00% | 07/01/2031 | 15 | 16,752 | ||||||||||||
| Georgia (State of) (Bidding Group 1), Series 2021 A, Ref. GO Bonds |
5.00% | 07/01/2031 | 20 | 22,336 | ||||||||||||
| Georgia (State of) (Bidding Group 1), Series 2021 A, Ref. GO Bonds |
5.00% | 07/01/2033 | 95 | 105,072 | ||||||||||||
| Georgia (State of) (Bidding Group 2), Series 2020 A, GO Bonds |
5.00% | 08/01/2031 | 130 | 142,623 | ||||||||||||
| Georgia (State of) (Bidding Group 2), Series 2021 A, Ref. GO Bonds |
4.00% | 07/01/2037 | 185 | 185,854 | ||||||||||||
| Georgia (State of) (Bidding Group 3), Series 2022 C, Ref. GO Bonds |
5.00% | 07/01/2031 | 100 | 111,679 | ||||||||||||
| Georgia (State of) Municipal Electric Authority (Project One), Series 2020, Ref. RB |
5.00% | 01/01/2045 | 10 | 10,148 | ||||||||||||
| Georgia (State of) Ports Authority, Series 2021, RB |
4.00% | 07/01/2043 | 250 | 236,908 | ||||||||||||
| Georgia (State of) Ports Authority, Series 2022, RB |
5.00% | 07/01/2031 | 10 | 11,115 | ||||||||||||
| Georgia (State of) Road & Tollway Authority, Series 2021 A, RB |
4.00% | 07/15/2040 | 225 | 220,580 | ||||||||||||
| Georgia (State of) Road & Tollway Authority, Series 2021 A, RB |
4.00% | 07/15/2041 | 25 | 24,299 | ||||||||||||
| Georgia (State of) Road & Tollway Authority (Garvee), Series 2020, RB |
5.00% | 06/01/2031 | 50 | 54,622 | ||||||||||||
| Henry County School District, Series 2021, GO Bonds(b)(c) |
4.00% | 08/01/2031 | 15 | 15,831 | ||||||||||||
| Private Colleges & Universities Authority (Emory University), Series 2020 B, Ref. RB |
5.00% | 09/01/2031 | 90 | 98,461 | ||||||||||||
|
|
|
|||||||||||||||
| 1,560,355 | ||||||||||||||||
|
|
|
|||||||||||||||
| Hawaii-0.46% |
||||||||||||||||
| Hawaii (State of) State Highway Fund, Series 2021, RB |
5.00% | 01/01/2035 | 30 | 32,456 | ||||||||||||
| Hawaii (State of) State Highway Fund, Series 2021, RB |
5.00% | 01/01/2036 | 15 | 16,135 | ||||||||||||
| Hawaii (State of) State Highway Fund, Series 2021, RB |
5.00% | 01/01/2041 | 90 | 93,965 | ||||||||||||
| Honolulu (City & County of), HI (Honolulu Rail Transit), Series 2020, Ref. GO Bonds |
5.00% | 03/01/2031 | 55 | 59,869 | ||||||||||||
| Honolulu (City & County of), HI (Honolulu Rail Transit), Series 2021, GO Bonds |
5.00% | 03/01/2031 | 140 | 154,812 | ||||||||||||
| Honolulu (City & County of), HI (Honolulu Rail Transit), Series 2023, Ref. GO Bonds |
5.00% | 03/01/2031 | 85 | 94,040 | ||||||||||||
|
|
|
|||||||||||||||
| 451,277 | ||||||||||||||||
|
|
|
|||||||||||||||
| Idaho-0.09% |
||||||||||||||||
| Idaho (State of) Housing & Finance Association (Garvee), Series 2021 A, Ref. RB |
4.00% | 07/15/2038 | 30 | 29,026 | ||||||||||||
| Idaho (State of) Housing & Finance Association (Garvee), Series 2021 A, Ref. RB |
4.00% | 07/15/2039 | 15 | 14,199 | ||||||||||||
| Idaho State Building Authority, Series 2024 A, RB |
5.00% | 06/01/2031 | 40 | 44,373 | ||||||||||||
| Idaho State Building Authority (School Modernization Facilities), Series 2025, RB |
5.00% | 06/01/2031 | 5 | 5,547 | ||||||||||||
|
|
|
|||||||||||||||
| 93,145 | ||||||||||||||||
|
|
|
|||||||||||||||
| Illinois-5.37% |
||||||||||||||||
| Chicago (City of), IL, Series 2021 A, Ref. GO Bonds |
5.00% | 01/01/2033 | 150 | 155,959 | ||||||||||||
| Chicago (City of), IL, Series 2023 B, Ref. RB, (INS - AGI)(a) |
5.00% | 01/01/2031 | 25 | 27,250 | ||||||||||||
| Chicago (City of), IL, Series 2023 B, Ref. RB, (INS - AGI)(a) |
5.00% | 11/01/2031 | 225 | 247,254 | ||||||||||||
| Chicago (City of), IL Metropolitan Water Reclamation District, Series 2021 C, Ref. GO Bonds |
5.00% | 12/01/2031 | 80 | 89,014 | ||||||||||||
| Chicago (City of), IL Metropolitan Water Reclamation District (Green Bonds), Series 2021 B, GO Bonds |
5.00% | 12/01/2033 | 15 | 16,482 | ||||||||||||
| Chicago (City of), IL Transit Authority, Series 2022 A, Ref. RB, (INS - BAM)(a) |
5.00% | 12/01/2046 | 220 | 224,111 | ||||||||||||
| Cook (County of), IL, Series 2021 A, Ref. GO Bonds |
5.00% | 11/15/2031 | 255 | 275,415 | ||||||||||||
| Illinois (State of), Series 2016, GO Bonds |
3.50% | 06/01/2031 | 5 | 4,819 | ||||||||||||
| Illinois (State of), Series 2020 B, GO Bonds |
5.00% | 10/01/2031 | 150 | 159,525 | ||||||||||||
| Illinois (State of), Series 2021 A, GO Bonds |
5.00% | 03/01/2031 | 25 | 26,755 | ||||||||||||
| Illinois (State of), Series 2021 A, GO Bonds |
5.00% | 12/01/2031 | 215 | 231,788 | ||||||||||||
| Illinois (State of), Series 2021 A, GO Bonds |
5.00% | 03/01/2034 | 415 | 438,613 | ||||||||||||
| Illinois (State of), Series 2021 A, GO Bonds |
5.00% | 03/01/2036 | 70 | 73,227 | ||||||||||||
| Illinois (State of), Series 2021 A, GO Bonds |
5.00% | 03/01/2037 | 30 | 31,193 | ||||||||||||
| Illinois (State of), Series 2021 A, GO Bonds |
5.00% | 03/01/2046 | 280 | 278,659 | ||||||||||||
| Illinois (State of), Series 2021 B, GO Bonds |
5.00% | 12/01/2033 | 80 | 85,190 | ||||||||||||
| Illinois (State of), Series 2021 B, GO Bonds |
4.00% | 12/01/2034 | 45 | 43,899 | ||||||||||||
| Illinois (State of), Series 2022 A, GO Bonds |
5.00% | 03/01/2031 | 45 | 48,158 | ||||||||||||
| Illinois (State of), Series 2022 B, Ref. GO Bonds |
5.00% | 03/01/2031 | 85 | 90,965 | ||||||||||||
| Illinois (State of), Series 2023 B, GO Bonds |
5.00% | 05/01/2031 | 45 | 48,094 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2031 Municipal Bond ETF (BSMV)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Illinois-(continued) |
||||||||||||||||
| Illinois (State of), Series 2023 B, GO Bonds |
5.00% | 12/01/2031 | $ | 35 | $ | 37,628 | ||||||||||
| Illinois (State of), Series 2023 D, Ref. GO Bonds |
5.00% | 07/01/2031 | 100 | 107,263 | ||||||||||||
| Illinois (State of), Series 2024 B, GO Bonds |
5.00% | 05/01/2031 | 40 | 42,860 | ||||||||||||
| Illinois (State of), Series 2024, Ref. GO Bonds |
5.00% | 02/01/2031 | 5 | 5,349 | ||||||||||||
| Illinois (State of) Finance Authority (Carle Foundation (The)), Series 2021 A, Ref. RB |
5.00% | 08/15/2033 | 105 | 112,845 | ||||||||||||
| Illinois (State of) Finance Authority (Carle Foundation (The)), Series 2021 A, Ref. RB |
5.00% | 08/15/2035 | 180 | 190,909 | ||||||||||||
| Illinois (State of) Finance Authority (Carle Foundation (The)), Series 2021 A, Ref. RB |
5.00% | 08/15/2036 | 45 | 47,395 | ||||||||||||
| Illinois (State of) Finance Authority (Carle Foundation (The)), Series 2021 A, Ref. RB |
4.00% | 08/15/2038 | 40 | 36,515 | ||||||||||||
| Illinois (State of) Finance Authority (Green Bonds), Series 2020, RB |
5.00% | 07/01/2034 | 280 | 302,296 | ||||||||||||
| Illinois (State of) Finance Authority (Green Bonds), Series 2020, RB |
5.00% | 07/01/2035 | 10 | 10,741 | ||||||||||||
| Illinois (State of) Finance Authority (Green Bonds), Series 2020, RB |
5.00% | 07/01/2036 | 25 | 26,710 | ||||||||||||
| Illinois (State of) Finance Authority (Green Bonds), Series 2020, RB |
4.00% | 07/01/2037 | 50 | 49,275 | ||||||||||||
| Illinois (State of) Finance Authority (Green Bonds), Series 2020, RB |
4.00% | 07/01/2038 | 250 | 242,293 | ||||||||||||
| Illinois (State of) Finance Authority (University of Chicago Medical), Series 2021 A, Ref. RB |
5.00% | 10/01/2031 | 55 | 60,364 | ||||||||||||
| Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion), Series 2022, Ref. RB, (INS - BAM)(a) |
4.00% | 12/15/2042 | 20 | 18,223 | ||||||||||||
| Illinois (State of) Toll Highway Authority, Series 2019 B, Ref. RB |
5.00% | 01/01/2031 | 35 | 37,779 | ||||||||||||
| Illinois (State of) Toll Highway Authority, Series 2019, Ref. RB |
5.00% | 01/01/2031 | 220 | 237,470 | ||||||||||||
| Illinois (State of) Toll Highway Authority, Series 2020 A, RB |
5.00% | 01/01/2040 | 20 | 20,664 | ||||||||||||
| Illinois (State of) Toll Highway Authority, Series 2020 A, RB |
5.00% | 01/01/2045 | 655 | 661,837 | ||||||||||||
| Sales Tax Securitization Corp., Series 2021 A, Ref. RB |
5.00% | 01/01/2031 | 105 | 113,393 | ||||||||||||
| Southwestern Illinois Development Authority (Southwestern Illinois Prevention District Council), Series 2023, RB, (INS - BAM)(a) |
5.50% | 12/01/2040 | 260 | 275,871 | ||||||||||||
| Springfield (City of), IL, Series 2024, Ref. RB, (INS - BAM)(a) |
5.00% | 03/01/2031 | 10 | 10,871 | ||||||||||||
| University of Illinois, Series 2023 A, Ref. RB |
5.00% | 04/01/2031 | 45 | 49,485 | ||||||||||||
|
|
|
|||||||||||||||
| 5,294,406 | ||||||||||||||||
|
|
|
|||||||||||||||
| Indiana-1.45% |
||||||||||||||||
| Crown Point Multi School Building Corp., Series 2021, RB, (CEP - Colorado Higher Education Intercept Program) |
5.00% | 07/15/2032 | 40 | 43,446 | ||||||||||||
| Crown Point Multi School Building Corp., Series 2021, RB, (CEP - Colorado Higher Education Intercept Program) |
5.00% | 07/15/2033 | 95 | 102,752 | ||||||||||||
| Crown Point Multi School Building Corp., Series 2021, RB, (CEP - Colorado Higher Education Intercept Program) |
5.00% | 07/15/2034 | 60 | 64,570 | ||||||||||||
| Crown Point Multi School Building Corp., Series 2021, RB, (CEP - Colorado Higher Education Intercept Program) |
5.00% | 07/15/2035 | 30 | 32,087 | ||||||||||||
| Crown Point Multi School Building Corp., Series 2021, RB, (CEP - Colorado Higher Education Intercept Program) |
5.00% | 07/15/2036 | 45 | 47,824 | ||||||||||||
| Crown Point Multi School Building Corp., Series 2021, RB, (CEP - Colorado Higher Education Intercept Program) |
5.00% | 01/15/2040 | 130 | 135,103 | ||||||||||||
| Indiana (State of) Finance Authority (CWA Authority), Series 2021 1, Ref. RB |
5.00% | 10/01/2031 | 30 | 33,215 | ||||||||||||
| Indiana (State of) Finance Authority (CWA Authority), Series 2021 1, Ref. RB |
5.00% | 10/01/2037 | 70 | 74,246 | ||||||||||||
| Indiana (State of) Finance Authority (CWA Authority), Series 2021, Ref. RB |
5.00% | 10/01/2033 | 340 | 370,774 | ||||||||||||
| Indiana (State of) Finance Authority (CWA Authority), Series 2021-1, Ref. RB |
5.00% | 10/01/2034 | 20 | 21,703 | ||||||||||||
| Indiana (State of) Finance Authority (CWA Authority), Series 2021-1, Ref. RB |
4.00% | 10/01/2035 | 40 | 40,359 | ||||||||||||
| Indiana (State of) Finance Authority (CWA Authority), Series 2021-1, Ref. RB |
4.00% | 10/01/2036 | 35 | 35,076 | ||||||||||||
| Indiana (State of) Finance Authority (Green Bonds), Series 2021, Ref. RB |
5.00% | 02/01/2031 | 70 | 77,170 | ||||||||||||
| Indiana (State of) Finance Authority (Stadium), Series 2022 A, Ref. RB |
5.00% | 02/01/2031 | 30 | 32,600 | ||||||||||||
| Indianapolis Local Public Improvement Bond Bank, Series 2021 A, Ref. RB |
5.00% | 06/01/2031 | 40 | 43,753 | ||||||||||||
| Indianapolis Local Public Improvement Bond Bank, Series 2021 A, Ref. RB |
5.00% | 06/01/2033 | 80 | 86,365 | ||||||||||||
| Indianapolis Local Public Improvement Bond Bank, Series 2021 A, Ref. RB |
5.00% | 06/01/2034 | 100 | 107,383 | ||||||||||||
| Indianapolis Local Public Improvement Bond Bank, Series 2021 A, Ref. RB, (INS - AGI)(a) |
4.00% | 06/01/2036 | 55 | 55,190 | ||||||||||||
| Indianapolis Local Public Improvement Bond Bank, Series 2021 A, Ref. RB, (INS - AGI)(a) |
4.00% | 06/01/2037 | 5 | 4,949 | ||||||||||||
| Indianapolis Local Public Improvement Bond Bank, Series 2021 A, Ref. RB, (INS - AGI)(a) |
4.00% | 06/01/2039 | 10 | 9,424 | ||||||||||||
| Indianapolis Local Public Improvement Bond Bank, Series 2021 A, Ref. RB, (INS - AGI)(a) |
4.00% | 06/01/2040 | 15 | 14,036 | ||||||||||||
|
|
|
|||||||||||||||
| 1,432,025 | ||||||||||||||||
|
|
|
|||||||||||||||
| Iowa-0.12% |
||||||||||||||||
| Iowa (State of) Finance Authority (Green Bonds), Series 2023, Ref. RB |
5.00% | 08/01/2031 | 110 | 122,570 | ||||||||||||
|
|
|
|||||||||||||||
| Kansas-0.19% |
||||||||||||||||
| Ellis County Unified School District No. 489 Hays, Series 2022 B, Ref. GO Bonds, (INS - AGI)(a) |
5.00% | 09/01/2047 | 100 | 101,925 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2031 Municipal Bond ETF (BSMV)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Kansas-(continued) |
||||||||||||||||
| Johnson (County of), KS Unified School District No. 233 (Olathe), Series 2022 A, Ref. GO Bonds |
5.00% | 09/01/2037 | $ | 10 | $ | 10,755 | ||||||||||
| Kansas (State of) Department of Transportation, Series 2024 A, Ref. RB |
5.00% | 09/01/2031 | 70 | 77,817 | ||||||||||||
|
|
|
|||||||||||||||
| 190,497 | ||||||||||||||||
|
|
|
|||||||||||||||
| Louisiana-0.40% |
||||||||||||||||
| Louisiana (State of), Series 2021 A, GO Bonds |
5.00% | 03/01/2039 | 180 | 189,929 | ||||||||||||
| Louisiana (State of), Series 2024 E, GO Bonds |
5.00% | 09/01/2031 | 130 | 143,814 | ||||||||||||
| Louisiana (State of) (Garvee), Series 2023, RB |
5.00% | 09/01/2031 | 55 | 60,812 | ||||||||||||
|
|
|
|||||||||||||||
| 394,555 | ||||||||||||||||
|
|
|
|||||||||||||||
| Maryland-2.75% |
||||||||||||||||
| Maryland (State of), Series 2020, GO Bonds |
5.00% | 08/01/2031 | 145 | 158,716 | ||||||||||||
| Maryland (State of), Series 2022, GO Bonds |
5.00% | 06/01/2031 | 65 | 72,409 | ||||||||||||
| Maryland (State of) (Bidding Group 1), Second Series 2021 A, GO Bonds |
5.00% | 08/01/2031 | 20 | 22,321 | ||||||||||||
| Maryland (State of) (Bidding Group 1), Second Series 2021 A, GO Bonds |
5.00% | 08/01/2033 | 90 | 98,875 | ||||||||||||
| Maryland (State of) (Bidding Group 1), Series 2020 A, GO Bonds |
5.00% | 03/15/2031 | 15 | 16,332 | ||||||||||||
| Maryland (State of) (Bidding Group 1), Series 2021 A, GO Bonds |
5.00% | 03/01/2031 | 375 | 416,348 | ||||||||||||
| Maryland (State of) (Bidding Group 1), Series 2023 A, GO Bonds |
5.00% | 03/15/2031 | 205 | 227,721 | ||||||||||||
| Maryland (State of) (Bidding Group 2), Second Series 2021 A, GO Bonds |
5.00% | 08/01/2034 | 105 | 114,769 | ||||||||||||
| Maryland (State of) (Bidding Group 2), Second Series 2021 A, GO Bonds |
4.00% | 08/01/2035 | 30 | 30,518 | ||||||||||||
| Maryland (State of) (Bidding Group 2), Series 2021 A, GO Bonds |
5.00% | 03/01/2033 | 65 | 71,154 | ||||||||||||
| Maryland (State of) (Bidding Group 2), Series 2021 A, GO Bonds |
5.00% | 03/01/2034 | 40 | 43,582 | ||||||||||||
| Maryland (State of) (Bidding Group 2), Series 2021 A, GO Bonds |
5.00% | 03/01/2035 | 400 | 433,160 | ||||||||||||
| Maryland (State of) Department of Transportation, Series 2016, RB |
3.00% | 11/01/2031 | 40 | 38,796 | ||||||||||||
| Maryland (State of) Department of Transportation, Series 2017, RB |
3.00% | 09/01/2031 | 120 | 116,583 | ||||||||||||
| Maryland (State of) Department of Transportation, Series 2019, RB |
2.13% | 10/01/2031 | 315 | 281,280 | ||||||||||||
| Maryland (State of) Department of Transportation, Series 2020, RB |
5.00% | 10/01/2031 | 120 | 131,919 | ||||||||||||
| Maryland (State of) Transportation Authority, Series 2017, RB |
3.13% | 05/01/2031 | 5 | 4,943 | ||||||||||||
| Maryland (State of) Transportation Authority, Series 2021 A, Ref. RB |
5.00% | 07/01/2046 | 160 | 163,440 | ||||||||||||
| Maryland (State of) Transportation Authority, Series 2024, Ref. RB |
5.00% | 07/01/2031 | 15 | 16,637 | ||||||||||||
| Maryland (State of) Transportation Authority (Transportation Facilities), Series 2020, RB |
5.00% | 07/01/2031 | 15 | 16,366 | ||||||||||||
| Montgomery (County of), MD, Series 2021 A, Ref. GO Bonds |
5.00% | 08/01/2031 | 25 | 27,931 | ||||||||||||
| Montgomery (County of), MD, Series 2021 A, Ref. GO Bonds |
4.00% | 08/01/2033 | 50 | 51,563 | ||||||||||||
| Prince George’s (County of), MD, Series 2021 A, GO Bonds |
5.00% | 07/01/2031 | 50 | 55,751 | ||||||||||||
| Washington (State of) Suburban Sanitary Commission, Series 2017, Ref. RB |
3.00% | 06/01/2031 | 100 | 97,395 | ||||||||||||
|
|
|
|||||||||||||||
| 2,708,509 | ||||||||||||||||
|
|
|
|||||||||||||||
| Massachusetts-3.57% |
||||||||||||||||
| Boston (City of), MA, Series 2022 A, GO Bonds |
5.00% | 11/01/2031 | 10 | 11,235 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2015 D, GO Bonds |
3.00% | 09/01/2031 | 30 | 29,554 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2018 C, Ref. GO Bonds |
5.00% | 09/01/2031 | 40 | 44,635 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2019 C, Ref. GO Bonds |
5.00% | 05/01/2031 | 10 | 11,116 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2020 D, GO Bonds |
5.00% | 07/01/2031 | 5 | 5,448 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2020 E, GO Bonds |
5.00% | 11/01/2031 | 35 | 38,277 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2021 A, Ref. RB |
5.00% | 06/01/2041 | 155 | 161,918 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2021 A, Ref. RB |
5.00% | 06/01/2042 | 350 | 363,721 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2021 C, GO Bonds |
5.00% | 09/01/2031 | 155 | 172,962 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2021 D, GO Bonds |
5.00% | 09/01/2048 | 500 | 508,515 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2021 D, GO Bonds |
5.00% | 09/01/2049 | 200 | 203,145 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2021 D, GO Bonds |
5.00% | 09/01/2050 | 95 | 96,367 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2021 D, GO Bonds |
5.00% | 09/01/2051 | 235 | 237,926 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2022 A, GO Bonds |
5.00% | 02/01/2031 | 245 | 271,439 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2022 A, Ref. GO Bonds |
5.00% | 10/01/2031 | 90 | 100,521 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2022 D, GO Bonds |
5.00% | 11/01/2031 | 40 | 44,716 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2023 A, GO Bonds |
5.00% | 05/01/2031 | 30 | 33,348 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2024 A, Ref. GO Bonds |
5.00% | 03/01/2031 | 65 | 72,094 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2024 B, Ref. GO Bonds |
5.00% | 11/01/2031 | 120 | 134,149 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2024 C, Ref. GO Bonds |
5.00% | 09/01/2031 | 135 | 150,644 | ||||||||||||
| Massachusetts (Commonwealth of), Series 2024 G, GO Bonds |
5.00% | 12/01/2031 | 65 | 72,730 | ||||||||||||
| Massachusetts (Commonwealth of) (Rail Enhancement Program) (Green Bonds), Series 2022, RB |
5.00% | 06/01/2050 | 130 | 132,018 | ||||||||||||
| Massachusetts (Commonwealth of) Bay Transportation Authority, Series 2005 A, RB |
5.00% | 07/01/2031 | 60 | 66,866 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2031 Municipal Bond ETF (BSMV)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Massachusetts-(continued) |
||||||||||||||||
| Massachusetts (Commonwealth of) Bay Transportation Authority, Series 2006 A, RB |
5.25% | 07/01/2031 | $ | 85 | $ | 95,903 | ||||||||||
| Massachusetts (Commonwealth of) Bay Transportation Authority, Series 2021 A-1, Ref. RB |
5.00% | 07/01/2031 | 120 | 133,732 | ||||||||||||
| Massachusetts (Commonwealth of) Bay Transportation Authority, Series 2021 A-1, Ref. RB |
4.00% | 07/01/2036 | 50 | 50,175 | ||||||||||||
| Massachusetts (Commonwealth of) Bay Transportation Authority, Series 2021 A-1, Ref. RB |
4.00% | 07/01/2037 | 10 | 9,911 | ||||||||||||
| Massachusetts (Commonwealth of) Bay Transportation Authority, Series 2021 A-1, Ref. RB |
4.00% | 07/01/2040 | 105 | 100,446 | ||||||||||||
| Massachusetts (Commonwealth of) Clean Water Trust (The) (Green Bonds), Series 2021-23B, RB |
5.00% | 02/01/2041 | 5 | 5,225 | ||||||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Southcoast Health System Obligated Group), Series 2021 G, Ref. RB |
5.00% | 07/01/2050 | 125 | 122,029 | ||||||||||||
| Massachusetts (Commonwealth of) Port Authority, Series 2021 D, RB |
5.00% | 07/01/2051 | 15 | 15,175 | ||||||||||||
| Massachusetts (Commonwealth of) Water Resources Authority, Series 2007 B, Ref. RB, (INS - AGI)(a) |
5.25% | 08/01/2031 | 10 | 11,325 | ||||||||||||
| University of Massachusetts Building Authority, Series 2021-1, Ref. RB |
5.00% | 11/01/2031 | 5 | 5,511 | ||||||||||||
|
|
|
|||||||||||||||
| 3,512,776 | ||||||||||||||||
|
|
|
|||||||||||||||
| Michigan-1.48% |
||||||||||||||||
| Michigan (State of), Series 2020 B, RB |
5.00% | 11/15/2031 | 155 | 170,569 | ||||||||||||
| Michigan (State of), Series 2021 A, RB |
5.00% | 11/15/2034 | 105 | 114,767 | ||||||||||||
| Michigan (State of), Series 2021 A, RB |
5.00% | 11/15/2035 | 65 | 70,470 | ||||||||||||
| Michigan (State of), Series 2021 A, RB |
4.00% | 11/15/2036 | 300 | 297,898 | ||||||||||||
| Michigan (State of), Series 2021 A, RB |
4.00% | 11/15/2038 | 150 | 143,606 | ||||||||||||
| Michigan (State of), Series 2021, RB |
5.00% | 11/15/2033 | 230 | 253,067 | ||||||||||||
| Michigan (State of), Series 2021, RB |
4.00% | 11/15/2037 | 60 | 58,727 | ||||||||||||
| Michigan (State of), Series 2023, RB |
5.00% | 11/15/2031 | 5 | 5,598 | ||||||||||||
| Michigan (State of) Finance Authority (Beaumont Health Credit Group), Series 2022, Ref. RB |
5.00% | 04/15/2031 | 60 | 65,305 | ||||||||||||
| Muskegon Public Schools, Series 2021 II, GO Bonds |
5.00% | 05/01/2046 | 120 | 122,801 | ||||||||||||
| Muskegon Public Schools, Series 2021 II, GO Bonds |
5.00% | 05/01/2051 | 50 | 50,654 | ||||||||||||
| Wayne (County of), MI Airport Authority (Detroit Metropolitan Wayne County Airport), Series 2021 A, RB |
5.00% | 12/01/2046 | 100 | 101,607 | ||||||||||||
|
|
|
|||||||||||||||
| 1,455,069 | ||||||||||||||||
|
|
|
|||||||||||||||
| Minnesota-1.08% |
||||||||||||||||
| Minneapolis & St. Paul (Cities of), MN Metropolitan Airports Commission, Series 2023 A, Ref. RB |
5.00% | 01/01/2031 | 20 | 21,907 | ||||||||||||
| Minneapolis (City of), MN (Allina Health System), Series 2021, RB |
4.00% | 11/15/2037 | 25 | 24,238 | ||||||||||||
| Minneapolis (City of), MN (Allina Health System), Series 2021, RB |
4.00% | 11/15/2038 | 20 | 19,070 | ||||||||||||
| Minneapolis (City of), MN (Allina Health System), Series 2021, RB |
4.00% | 11/15/2039 | 30 | 28,205 | ||||||||||||
| Minnesota (State of), Series 2020 A, GO Bonds |
5.00% | 08/01/2031 | 305 | 334,896 | ||||||||||||
| Minnesota (State of), Series 2021 A, GO Bonds |
5.00% | 09/01/2031 | 40 | 44,708 | ||||||||||||
| Minnesota (State of), Series 2021 A, GO Bonds |
4.00% | 09/01/2033 | 30 | 31,043 | ||||||||||||
| Minnesota (State of), Series 2021 A, GO Bonds |
4.00% | 09/01/2036 | 45 | 45,181 | ||||||||||||
| Minnesota (State of), Series 2021 B, GO Bonds |
5.00% | 09/01/2031 | 60 | 67,171 | ||||||||||||
| Minnesota (State of), Series 2023 D, Ref. GO Bonds |
5.00% | 08/01/2031 | 50 | 55,833 | ||||||||||||
| Minnesota (State of), Series 2023 E, Ref. GO Bonds |
5.00% | 08/01/2031 | 50 | 55,923 | ||||||||||||
| Minnesota (State of), Series 2023, COP |
5.00% | 11/01/2031 | 245 | 272,677 | ||||||||||||
| Minnesota (State of), Series 2024 B, GO Bonds |
5.00% | 08/01/2031 | 5 | 5,592 | ||||||||||||
| Minnesota (State of) Public Facilities Authority, Series 2023 A, RB |
5.00% | 03/01/2031 | 5 | 5,549 | ||||||||||||
| Rochester (City of), MN (Mayo Clinic), Series 2016 B, Ref. RB |
5.00% | 11/15/2031 | 45 | 49,992 | ||||||||||||
|
|
|
|||||||||||||||
| 1,061,985 | ||||||||||||||||
|
|
|
|||||||||||||||
| Missouri-0.49% |
||||||||||||||||
| Curators of the University of Missouri (The), Series 2024, Ref. RB |
5.00% | 11/01/2031 | 5 | 5,580 | ||||||||||||
| Missouri (State of) Health & Educational Facilities Authority (SSM Health), Series 2022 A, RB |
5.00% | 06/01/2031 | 120 | 130,035 | ||||||||||||
| Missouri (State of) Highway & Transportation Commission, Series 2022, RB |
5.00% | 05/01/2031 | 5 | 5,555 | ||||||||||||
| Springfield (City of), MO, Series 2015, Ref. RB |
4.00% | 08/01/2031 | 40 | 40,007 | ||||||||||||
| St. Charles County Francis Howell R-III School District, Series 2022, Ref. GO Bonds |
5.00% | 03/01/2042 | 150 | 153,502 | ||||||||||||
| St. Louis (City of), MO, Series 2005, RB, (INS - NATL)(a) |
5.50% | 07/01/2031 | 130 | 146,314 | ||||||||||||
|
|
|
|||||||||||||||
| 480,993 | ||||||||||||||||
|
|
|
|||||||||||||||
| Nebraska-0.11% |
||||||||||||||||
| Central Plains Energy Project (Project No. 3), Series 2017 A, Ref. RB |
5.00% | 09/01/2031 | 100 | 105,790 | ||||||||||||
|
|
|
|||||||||||||||
| Nevada-0.37% |
||||||||||||||||
| Clark (County of), NV, Series 2022 A, Ref. GO Bonds |
4.00% | 06/01/2031 | 10 | 10,481 | ||||||||||||
| Clark (County of), NV Department of Aviation, Series 2021 A, RB |
5.00% | 07/01/2033 | 10 | 10,886 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2031 Municipal Bond ETF (BSMV)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Nevada-(continued) |
||||||||||||||||
| Clark (County of), NV Department of Aviation, Series 2021, RB |
5.00% | 07/01/2034 | $ | 45 | $ | 48,746 | ||||||||||
| Clark (County of), NV Department of Aviation, Series 2021, RB |
5.00% | 07/01/2035 | 175 | 188,523 | ||||||||||||
| Las Vegas Valley Water District, Series 2021 C, GO Bonds |
5.00% | 06/01/2031 | 60 | 66,491 | ||||||||||||
| Nevada (State of), Series 2023 A, GO Bonds |
5.00% | 05/01/2031 | 35 | 38,786 | ||||||||||||
|
|
|
|||||||||||||||
| 363,913 | ||||||||||||||||
|
|
|
|||||||||||||||
| New Jersey-2.26% |
||||||||||||||||
| Jersey City (City of), NJ Redevelopment Agency (Bayfront Redevelopment), Series 2022, RB |
4.00% | 12/15/2031 | 110 | 114,382 | ||||||||||||
| New Jersey (State of), Series 2020 A, GO Bonds |
4.00% | 06/01/2031 | 255 | 267,833 | ||||||||||||
| New Jersey (State of) Economic Development Authority, Series 2017 A, Ref. RB, (INS - BAM)(a) |
3.13% | 07/01/2031 | 75 | 72,105 | ||||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2014 BB-2, RB |
5.00% | 06/15/2033 | 5 | 5,388 | ||||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2014 BB-2, RN |
5.00% | 06/15/2031 | 45 | 49,058 | ||||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2014 BB-2, RN |
5.00% | 06/15/2034 | 90 | 96,300 | ||||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2021 A, Ref. RB |
5.00% | 06/15/2031 | 155 | 168,977 | ||||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2021 A, Ref. RB |
5.00% | 06/15/2033 | 25 | 26,937 | ||||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2021 A, Ref. RB |
4.00% | 06/15/2035 | 95 | 94,076 | ||||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2021 A, Ref. RB |
4.00% | 06/15/2036 | 40 | 39,059 | ||||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2022 BB, RB |
5.00% | 06/15/2031 | 110 | 119,919 | ||||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2022 BB, RB |
5.00% | 06/15/2033 | 50 | 54,160 | ||||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2022 BB, RB |
5.00% | 06/15/2034 | 105 | 112,889 | ||||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2022 BB, RB |
5.00% | 06/15/2035 | 80 | 85,322 | ||||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2022 BB, RB |
4.00% | 06/15/2038 | 10 | 9,525 | ||||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2022, RB |
5.00% | 06/15/2036 | 220 | 232,938 | ||||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2022, RB |
4.00% | 06/15/2039 | 140 | 131,564 | ||||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2023 AA, Ref. RB |
5.00% | 06/15/2031 | 100 | 109,017 | ||||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2024 CC, RB |
5.00% | 06/15/2031 | 60 | 65,411 | ||||||||||||
| New Jersey (State of) Turnpike Authority, Series 2021 A, RB |
4.00% | 01/01/2042 | 400 | 369,037 | ||||||||||||
|
|
|
|||||||||||||||
| 2,223,897 | ||||||||||||||||
|
|
|
|||||||||||||||
| New Mexico-0.25% |
||||||||||||||||
| New Mexico (State of), Series 2023, GO Bonds |
5.00% | 03/01/2031 | 15 | 16,587 | ||||||||||||
| New Mexico (State of) Severance Tax Permanent Fund, Series 2021 A, RB |
5.00% | 07/01/2031 | 200 | 221,244 | ||||||||||||
| New Mexico (State of) Severance Tax Permanent Fund, Series 2022 A, RB |
5.00% | 07/01/2031 | 10 | 11,062 | ||||||||||||
|
|
|
|||||||||||||||
| 248,893 | ||||||||||||||||
|
|
|
|||||||||||||||
| New York-20.75% |
||||||||||||||||
| Battery Park (City of), NY Authority, Series 2023 B, Ref. RB |
5.00% | 11/01/2031 | 15 | 16,993 | ||||||||||||
| Hudson Yards Infrastructure Corp. (Green Bonds), Series 2021 A, Ref. RB |
5.00% | 02/15/2031 | 45 | 50,131 | ||||||||||||
| Long Island (City of), NY Power Authority, Series 2021 A, Ref. RB |
5.00% | 09/01/2031 | 45 | 50,215 | ||||||||||||
| Long Island (City of), NY Power Authority, Series 2021 A, Ref. RB |
4.00% | 09/01/2033 | 35 | 36,287 | ||||||||||||
| Long Island (City of), NY Power Authority, Series 2021 A, Ref. RB |
4.00% | 09/01/2039 | 195 | 191,283 | ||||||||||||
| Metropolitan Transportation Authority, Series 2015 F, Ref.RB |
3.25% | 11/15/2031 | 160 | 149,823 | ||||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2024 B, Ref. RB |
5.00% | 11/15/2031 | 5 | 5,463 | ||||||||||||
| Nassau (County of), NY Interim Finance Authority, Series 2021 A, Ref. RB |
5.00% | 11/15/2031 | 140 | 156,775 | ||||||||||||
| Nassau (County of), NY Interim Finance Authority, Series 2021 A, Ref. RB |
4.00% | 11/15/2032 | 40 | 42,266 | ||||||||||||
| Nassau (County of), NY Interim Finance Authority, Series 2021 A, Ref. RB |
5.00% | 11/15/2032 | 160 | 178,243 | ||||||||||||
| Nassau (County of), NY Interim Finance Authority, Series 2021 A, Ref. RB |
4.00% | 11/15/2033 | 200 | 210,349 | ||||||||||||
| Nassau (County of), NY Interim Finance Authority, Series 2021 A, Ref. RB |
5.00% | 11/15/2033 | 65 | 72,100 | ||||||||||||
| Nassau (County of), NY Interim Finance Authority, Series 2021 A, Ref. RB |
4.00% | 11/15/2034 | 315 | 329,374 | ||||||||||||
| Nassau (County of), NY Interim Finance Authority, Series 2021 A, Ref. RB |
5.00% | 11/15/2034 | 50 | 55,090 | ||||||||||||
| Nassau (County of), NY Interim Finance Authority, Series 2021 A, Ref. RB |
5.00% | 11/15/2035 | 5 | 5,477 | ||||||||||||
| New York & New Jersey (States of) Port Authority, One Hundred Seventy Fifth Series 2012, RB |
3.00% | 12/01/2031 | 20 | 19,140 | ||||||||||||
| New York & New Jersey (States of) Port Authority, Series 2021 224, Ref. RB |
5.00% | 07/15/2033 | 140 | 153,882 | ||||||||||||
| New York & New Jersey (States of) Port Authority, Series 2021 224, Ref. RB |
4.00% | 07/15/2035 | 55 | 55,321 | ||||||||||||
| New York & New Jersey (States of) Port Authority, Series 2021 224, Ref. RB |
4.00% | 07/15/2037 | 80 | 78,716 | ||||||||||||
| New York & New Jersey (States of) Port Authority, Series 2021 224, Ref. RB |
4.00% | 07/15/2038 | 75 | 73,530 | ||||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Forty Three Series 2023, Ref. RB |
5.00% | 12/01/2031 | 10 | 11,177 | ||||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Twenty Fourth Series 2021, Ref. RB |
4.00% | 07/15/2034 | 35 | 35,483 | ||||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Twenty Fourth Series 2021, Ref. RB |
4.00% | 07/15/2040 | 90 | 85,197 | ||||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Twenty Second Series 2020, Ref. RB |
5.00% | 07/15/2031 | 25 | 27,361 | ||||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Twenty-Fourth Series 2021, Ref. RB |
4.00% | 07/15/2039 | 10 | 9,598 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2031 Municipal Bond ETF (BSMV)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| New York-(continued) |
||||||||||||||||
| New York (City of), NY, Series 2008 L-5, GO Bonds |
5.00% | 04/01/2033 | $ | 80 | $ | 86,974 | ||||||||||
| New York (City of), NY, Series 2008 L-5, GO Bonds |
5.00% | 04/01/2034 | 45 | 48,642 | ||||||||||||
| New York (City of), NY, Series 2012-1, GO Bonds |
5.00% | 04/01/2033 | 150 | 163,077 | ||||||||||||
| New York (City of), NY, Series 2012-1, GO Bonds |
5.00% | 04/01/2035 | 75 | 80,606 | ||||||||||||
| New York (City of), NY, Series 2020 A-1, Ref. GO Bonds |
5.00% | 08/01/2031 | 210 | 228,293 | ||||||||||||
| New York (City of), NY, Series 2020 B-1, Ref. GO Bonds |
5.00% | 11/01/2031 | 225 | 245,246 | ||||||||||||
| New York (City of), NY, Series 2020 C, GO Bonds |
5.00% | 08/01/2031 | 265 | 288,084 | ||||||||||||
| New York (City of), NY, Series 2020 C-1, Ref. GO Bonds |
5.00% | 08/01/2031 | 235 | 255,471 | ||||||||||||
| New York (City of), NY, Series 2021 A-1, GO Bonds |
5.00% | 08/01/2033 | 70 | 76,290 | ||||||||||||
| New York (City of), NY, Series 2021 A-1, GO Bonds |
4.00% | 08/01/2036 | 115 | 114,443 | ||||||||||||
| New York (City of), NY, Series 2021 A-1, GO Bonds |
5.00% | 08/01/2036 | 195 | 208,583 | ||||||||||||
| New York (City of), NY, Series 2021 A-1, GO Bonds |
5.00% | 08/01/2047 | 345 | 349,422 | ||||||||||||
| New York (City of), NY, Series 2021 F-1, GO Bonds |
5.00% | 03/01/2036 | 25 | 26,698 | ||||||||||||
| New York (City of), NY, Series 2021 F-1, GO Bonds |
5.00% | 03/01/2037 | 50 | 53,064 | ||||||||||||
| New York (City of), NY, Series 2021 F-1, GO Bonds |
5.00% | 03/01/2039 | 5 | 5,234 | ||||||||||||
| New York (City of), NY, Series 2021 F-1, GO Bonds |
5.00% | 03/01/2042 | 165 | 169,694 | ||||||||||||
| New York (City of), NY, Series 2021 F-1, GO Bonds |
5.00% | 03/01/2044 | 280 | 285,719 | ||||||||||||
| New York (City of), NY, Series 2021 F-1, GO Bonds |
5.00% | 03/01/2050 | 40 | 40,335 | ||||||||||||
| New York (City of), NY, Series 2021-1, GO Bonds |
5.00% | 04/01/2031 | 70 | 77,173 | ||||||||||||
| New York (City of), NY, Series 2021-1, GO Bonds |
5.00% | 08/01/2031 | 55 | 60,860 | ||||||||||||
| New York (City of), NY, Series 2021-1, GO Bonds |
5.00% | 04/01/2034 | 95 | 102,688 | ||||||||||||
| New York (City of), NY, Series 2022 B-1, Ref. GO Bonds |
5.00% | 08/01/2031 | 50 | 55,327 | ||||||||||||
| New York (City of), NY, Series 2022 C, Ref. GO Bonds |
5.00% | 08/01/2031 | 5 | 5,533 | ||||||||||||
| New York (City of), NY, Series 2023 C, Ref. GO Bonds |
5.00% | 08/01/2031 | 25 | 27,664 | ||||||||||||
| New York (City of), NY, Series 2023 F-1, Ref. GO Bonds |
5.00% | 08/01/2031 | 55 | 60,860 | ||||||||||||
| New York (City of), NY, Series 2023, GO Bonds |
5.00% | 08/01/2031 | 10 | 11,065 | ||||||||||||
| New York (City of), NY, Series 2024 C, GO Bonds |
5.00% | 03/01/2031 | 10 | 11,014 | ||||||||||||
| New York (City of), NY, Series 2024 D, GO Bonds |
5.00% | 04/01/2031 | 10 | 11,025 | ||||||||||||
| New York (City of), NY, Series 2024 E, Ref. GO Bonds |
5.00% | 08/01/2031 | 5 | 5,533 | ||||||||||||
| New York (City of), NY, Subseries 2022 D-1, GO Bonds |
5.00% | 05/01/2031 | 40 | 44,144 | ||||||||||||
| New York (City of), NY, Subseries 2024 C-1, GO Bonds |
5.00% | 09/01/2031 | 100 | 110,746 | ||||||||||||
| New York (City of), NY Educational Construction Fund, Series 2021 B, RB, (CEP - Colorado Higher Education Intercept Program) |
5.00% | 04/01/2052 | 100 | 102,191 | ||||||||||||
| New York (City of), NY Industrial Development Agency (Queens Baseball Stadium), Series 2021 A, Ref. RB, (INS - AGI)(a) |
5.00% | 01/01/2031 | 50 | 54,341 | ||||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2020 EE, Ref. RB |
5.00% | 06/15/2031 | 170 | 188,961 | ||||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2021 AA-1, RB |
5.00% | 06/15/2048 | 315 | 319,874 | ||||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2021 BB-1, Ref. RB |
5.00% | 06/15/2044 | 235 | 241,271 | ||||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2021 CC-1, RB |
5.00% | 06/15/2051 | 55 | 55,666 | ||||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2021 DD, Ref. RB |
5.00% | 06/15/2031 | 270 | 300,114 | ||||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2021 DD, Ref. RB |
4.00% | 06/15/2036 | 10 | 10,059 | ||||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2022 CC-2, RB |
5.00% | 06/15/2035 | 125 | 136,401 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2010 G-5, RB |
5.00% | 05/01/2031 | 40 | 43,528 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2020, RB |
5.00% | 05/01/2031 | 50 | 54,410 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2020, Ref. RB |
5.00% | 11/01/2031 | 140 | 152,059 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2021 A-1, Ref. RB |
5.00% | 11/01/2031 | 20 | 22,161 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2021 A-1, Ref. RB |
5.00% | 11/01/2033 | 80 | 87,375 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2021 A-1, Ref. RB |
5.00% | 11/01/2034 | 170 | 184,651 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2021 A-1, Ref. RB |
4.00% | 11/01/2035 | 15 | 14,999 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2021 A-1, Ref. RB |
4.00% | 11/01/2036 | 270 | 267,621 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2021 A-1, Ref. RB |
4.00% | 11/01/2037 | 75 | 73,537 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2021 A-1, Ref. RB |
4.00% | 11/01/2038 | 75 | 72,190 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2021 B-1, RB |
5.00% | 08/01/2034 | 50 | 54,212 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2021 B-1, RB |
5.00% | 08/01/2035 | 170 | 182,914 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2021 B-1, RB |
4.00% | 08/01/2036 | 20 | 19,882 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2021 B-1, RB |
4.00% | 08/01/2038 | 35 | 33,924 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2021 B-1, RB |
4.00% | 08/01/2039 | 200 | 190,716 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2021 E-1, RB |
5.00% | 02/01/2035 | 335 | 359,409 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2021 E-1, RB |
5.00% | 02/01/2036 | 145 | 154,357 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2021 E-1, RB |
5.00% | 02/01/2037 | 25 | 26,403 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2031 Municipal Bond ETF (BSMV)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| New York-(continued) |
||||||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2021 E-1, RB |
4.00% | 02/01/2043 | $ | 20 | $ | 18,290 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2021 F-1, Ref. RB |
5.00% | 11/01/2031 | 215 | 237,070 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2021 F-1, Ref. RB |
5.00% | 11/01/2032 | 125 | 137,201 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2021 F-1, Ref. RB |
5.00% | 11/01/2033 | 120 | 130,551 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2021 F-1, Ref. RB |
5.00% | 11/01/2034 | 170 | 183,339 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2021 F-1, Ref. RB |
4.00% | 11/01/2036 | 15 | 14,868 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2021 F-1, Ref. RB |
4.00% | 11/01/2037 | 5 | 4,902 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2021 F-1, Ref. RB |
4.00% | 11/01/2038 | 25 | 24,063 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022 A-1, RB |
5.00% | 08/01/2031 | 50 | 55,268 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022 B-1, Ref. RB |
5.00% | 11/01/2031 | 100 | 110,805 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022, Ref. RB |
5.00% | 11/01/2031 | 40 | 44,322 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023 E-1, Ref. RB |
5.00% | 11/01/2031 | 125 | 138,507 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023, RB |
5.00% | 05/01/2031 | 5 | 5,512 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2024 C, RB |
5.00% | 05/01/2031 | 95 | 104,734 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2025 E, RB |
5.00% | 11/01/2031 | 70 | 77,564 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2010 F-5, RB |
5.00% | 02/01/2031 | 90 | 98,923 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2021 S-1, Ref. RB |
5.00% | 07/15/2031 | 30 | 33,076 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2021 S-1, Ref. RB |
4.00% | 07/15/2034 | 245 | 247,034 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2021 S-1, Ref. RB |
4.00% | 07/15/2035 | 225 | 225,099 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2021 S-1, Ref. RB |
4.00% | 07/15/2036 | 40 | 39,646 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2021 S-1, Ref. RB |
4.00% | 07/15/2037 | 20 | 19,586 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2021 S-1A, Ref. RB |
5.00% | 07/15/2033 | 140 | 154,455 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2022 S-1A, Ref. RB |
5.00% | 07/15/2031 | 160 | 176,406 | ||||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2024 A-1, Ref. RB |
5.00% | 11/01/2031 | 155 | 171,748 | ||||||||||||
| New York (City of), NY Trust for Cultural Resources (The) (Lincoln Center for Performing Arts), Series 2020 A, Ref. RB |
5.00% | 12/01/2031 | 60 | 65,204 | ||||||||||||
| New York (State of), Series 2023 C, Ref. GO Bonds |
5.00% | 03/15/2031 | 5 | 5,582 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2020 A, Ref. RB |
5.00% | 07/01/2031 | 150 | 167,254 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2020 A-2, Ref. RB |
5.00% | 07/01/2031 | 40 | 44,136 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2020 D, Ref. RB |
5.00% | 02/15/2031 | 215 | 233,028 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2021 A, Ref. RB |
5.00% | 03/15/2031 | 455 | 501,353 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2021 A, Ref. RB |
5.00% | 03/15/2033 | 190 | 206,826 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2021 A, Ref. RB |
4.00% | 03/15/2034 | 20 | 20,193 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2021 A, Ref. RB |
5.00% | 03/15/2034 | 165 | 179,579 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2021 A, Ref. RB |
5.00% | 03/15/2035 | 150 | 161,368 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2021 A, Ref. RB |
5.00% | 03/15/2036 | 145 | 154,967 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2021 A, Ref. RB |
4.00% | 03/15/2037 | 430 | 424,240 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2021 A, Ref. RB |
4.00% | 03/15/2038 | 255 | 247,981 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2021 A, Ref. RB |
4.00% | 03/15/2040 | 105 | 98,400 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2021 A, Ref. RB |
4.00% | 03/15/2041 | 240 | 221,439 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2021 A, Ref. RB |
5.00% | 03/15/2049 | 110 | 111,301 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2021, RB |
5.00% | 03/15/2031 | 435 | 479,316 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2022 A, Ref. RB |
5.00% | 03/15/2031 | 5 | 5,509 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2022, RB, (INS - BAM)(a) |
5.00% | 10/01/2031 | 10 | 10,883 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2023 A, RB, (INS - AGI)(a) |
5.00% | 10/01/2034 | 90 | 97,556 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2023 A, RB, (INS - AGI)(a) |
5.00% | 10/01/2036 | 70 | 74,495 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2023 A, RB, (INS - AGI)(a) |
5.00% | 10/01/2037 | 145 | 153,461 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2023 A-1, Ref. RB |
5.00% | 03/15/2031 | 130 | 144,262 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2023, RB, (INS - AGI)(a) |
5.00% | 10/01/2035 | 75 | 80,345 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2023, RB, (INS - AGI)(a) |
5.00% | 10/01/2038 | 20 | 21,009 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2023, Ref. RB |
5.00% | 08/01/2031 | 5 | 5,601 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2024 A, RB |
5.00% | 10/01/2031 | 40 | 44,481 | ||||||||||||
| New York (State of) Dormitory Authority, Series 2024 A, Ref. RB |
5.00% | 03/15/2031 | 95 | 104,678 | ||||||||||||
| New York (State of) Dormitory Authority (Bidding Group 2), Series 2020 A, Ref. RB |
5.00% | 03/15/2031 | 115 | 125,750 | ||||||||||||
| New York (State of) Dormitory Authority (Fordham University), Series 2021 A, Ref. RB |
4.00% | 07/01/2037 | 30 | 30,103 | ||||||||||||
| New York (State of) Dormitory Authority (New York University), Series 2021 A, Ref. RB |
4.00% | 07/01/2040 | 45 | 43,539 | ||||||||||||
| New York (State of) Dormitory Authority (New York University), Series 2021 A, Ref. RB |
5.00% | 07/01/2051 | 75 | 75,438 | ||||||||||||
| New York (State of) Power Authority (Green Bonds), Series 2024 A, RB |
5.00% | 11/15/2031 | 5 | 5,639 | ||||||||||||
| New York (State of) Power Authority (Green Transmission), Series 2022, RB, (INS - AGI)(a) |
5.00% | 11/15/2031 | 125 | 140,734 | ||||||||||||
| New York (State of) Power Authority (Green Transmission), Series 2022, RB, (INS - AGI)(a) |
5.00% | 11/15/2033 | 10 | 11,064 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2031 Municipal Bond ETF (BSMV)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| New York-(continued) |
||||||||||||||||
| New York (State of) Power Authority (Green Transmission), Series 2022, RB, (INS - AGI)(a) |
5.00% | 11/15/2034 | $ | 40 | $ | 43,964 | ||||||||||
| New York (State of) Power Authority (Green Transmission), Series 2022, RB, (INS - AGI)(a) |
5.00% | 11/15/2035 | 5 | 5,457 | ||||||||||||
| New York (State of) Power Authority (Green Transmission), Series 2022, RB, (INS - AGI)(a) |
4.00% | 11/15/2037 | 25 | 25,240 | ||||||||||||
| New York (State of) Power Authority (Green Transmission), Series 2022, RB, (INS - AGI)(a) |
4.00% | 11/15/2039 | 55 | 54,045 | ||||||||||||
| New York (State of) Power Authority (Green Transmission), Series 2022, RB, (INS - AGI)(a) |
4.00% | 11/15/2040 | 30 | 29,122 | ||||||||||||
| New York (State of) Thruway Authority, Series 2021 A-1, Ref. RB |
5.00% | 03/15/2031 | 75 | 82,934 | ||||||||||||
| New York (State of) Thruway Authority, Series 2021 A-1, Ref. RB |
5.00% | 03/15/2035 | 5 | 5,384 | ||||||||||||
| New York (State of) Thruway Authority, Series 2021 A-1, Ref. RB |
4.00% | 03/15/2038 | 10 | 9,783 | ||||||||||||
| New York (State of) Thruway Authority, Series 2021 O, Ref. RB |
5.00% | 01/01/2034 | 40 | 43,622 | ||||||||||||
| New York (State of) Thruway Authority, Series 2021 O, Ref. RB |
5.00% | 01/01/2035 | 10 | 10,854 | ||||||||||||
| New York (State of) Thruway Authority, Series 2021 O, Ref. RB |
4.00% | 01/01/2036 | 60 | 60,286 | ||||||||||||
| New York (State of) Thruway Authority, Series 2024 Q, Ref. RB |
5.00% | 01/01/2031 | 15 | 16,600 | ||||||||||||
| New York (State of) Thruway Authority (Bid Group 4), Series 2021 A-1, Ref. RB |
4.00% | 03/15/2056 | 30 | 25,214 | ||||||||||||
| New York (State of) Thruway Authority (Bidding Group 1), Series 2022 A, Ref. RB |
5.00% | 03/15/2031 | 80 | 88,463 | ||||||||||||
| New York (State of) Thruway Authority (Bidding Group 2), Series 2021 A-1, Ref. RB |
4.00% | 03/15/2041 | 15 | 13,935 | ||||||||||||
| New York (State of) Thruway Authority (Bidding Group 2), Series 2021 O, Ref. RB |
4.00% | 01/01/2042 | 700 | 650,238 | ||||||||||||
| New York (State of) Thruway Authority (Bidding Group 5), Series 2021 A-1, Ref. RB |
4.00% | 03/15/2036 | 40 | 40,024 | ||||||||||||
| New York (State of) Thruway Authority (Bidding Group 5), Series 2021 A-1, Ref. RB |
4.00% | 03/15/2037 | 20 | 19,806 | ||||||||||||
| New York (State of) Thruway Authority (Group 1), Series 2021 O, Ref. RB |
4.00% | 01/01/2038 | 15 | 14,707 | ||||||||||||
| New York (State of) Thruway Authority (Group 1), Series 2021 O, Ref. RB |
4.00% | 01/01/2047 | 15 | 13,281 | ||||||||||||
| New York (State of) Thruway Authority (Group 2), Series 2021 A-1, Ref. RB |
4.00% | 03/15/2042 | 50 | 45,928 | ||||||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2021, RB |
5.00% | 06/15/2031 | 30 | 33,575 | ||||||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2023, Ref. RB |
5.00% | 06/15/2031 | 100 | 111,916 | ||||||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2024, Ref. RB |
5.00% | 06/15/2031 | 25 | 27,979 | ||||||||||||
| New York State Urban Development Corp., Series 2020 E, Ref. RB |
5.00% | 03/15/2031 | 20 | 21,567 | ||||||||||||
| New York State Urban Development Corp., Series 2020, Ref. RB |
5.00% | 03/15/2031 | 115 | 124,872 | ||||||||||||
| New York State Urban Development Corp. (Bidding Group 1), Series 2021 A, Ref. RB |
5.00% | 03/15/2031 | 5 | 5,529 | ||||||||||||
| New York State Urban Development Corp. (Bidding Group 1), Series 2021 A, Ref. RB |
5.00% | 03/15/2036 | 195 | 211,144 | ||||||||||||
| New York State Urban Development Corp. (Bidding Group 2), Series 2021 A, Ref. RB |
4.00% | 03/15/2037 | 30 | 29,825 | ||||||||||||
| New York State Urban Development Corp. (Bidding Group 2), Series 2021 A, Ref. RB |
4.00% | 03/15/2038 | 315 | 309,067 | ||||||||||||
| New York State Urban Development Corp. (Bidding Group 2), Series 2021 A, Ref. RB |
4.00% | 03/15/2039 | 50 | 48,441 | ||||||||||||
| New York State Urban Development Corp. (Green Bonds), Series 2023, Ref. RB |
5.00% | 03/15/2031 | 75 | 82,599 | ||||||||||||
| New York Transportation Development Corp. (Terminal 4 JFK International Airport), Series 2020, Ref. RB |
5.00% | 12/01/2031 | 50 | 53,608 | ||||||||||||
| Triborough Bridge & Tunnel Authority, Series 2021 A-1, Ref. RB |
5.00% | 05/15/2051 | 600 | 606,000 | ||||||||||||
| Triborough Bridge & Tunnel Authority, Series 2021 C-1A, RB |
5.00% | 05/15/2037 | 45 | 48,209 | ||||||||||||
| Triborough Bridge & Tunnel Authority, Series 2021 C-1A, RB |
5.00% | 05/15/2038 | 25 | 26,574 | ||||||||||||
| Triborough Bridge & Tunnel Authority, Series 2021 C-1A, RB |
5.00% | 05/15/2039 | 10 | 10,559 | ||||||||||||
| Triborough Bridge & Tunnel Authority, Series 2021 C-1A, RB |
5.00% | 05/15/2040 | 40 | 41,994 | ||||||||||||
| Triborough Bridge & Tunnel Authority, Series 2021 C-1A, RB |
5.00% | 05/15/2041 | 40 | 41,683 | ||||||||||||
| Triborough Bridge & Tunnel Authority, Series 2021 C-2, Ref. RB |
4.00% | 05/15/2034 | 95 | 97,924 | ||||||||||||
| Triborough Bridge & Tunnel Authority, Series 2021 C-2, Ref. RB |
4.00% | 05/15/2035 | 75 | 76,714 | ||||||||||||
| Triborough Bridge & Tunnel Authority, Series 2021 C-3, RB |
4.00% | 05/15/2051 | 85 | 72,663 | ||||||||||||
| Triborough Bridge & Tunnel Authority, Subseries 2021 B-1, Ref. RB |
5.00% | 05/15/2046 | 175 | 177,900 | ||||||||||||
| Triborough Bridge & Tunnel Authority (Green Bonds), Series 2023, Ref. RB |
5.00% | 11/15/2031 | 80 | 89,022 | ||||||||||||
| Triborough Bridge & Tunnel Authority (Green Bonds), Series 2024, Ref. RB |
5.00% | 05/15/2031 | 155 | 170,964 | ||||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2021 A, RB |
5.00% | 11/15/2051 | 530 | 533,190 | ||||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2021 A, RB |
5.00% | 11/15/2056 | 50 | 50,143 | ||||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2021 C-1A, RB |
5.00% | 05/15/2051 | 40 | 40,429 | ||||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2022, RB |
5.00% | 05/15/2031 | 210 | 232,466 | ||||||||||||
|
|
|
|||||||||||||||
| 20,437,133 | ||||||||||||||||
|
|
|
|||||||||||||||
| North Carolina-1.39% |
||||||||||||||||
| Charlotte (City of), NC, Series 2022 A, Ref. RB |
5.00% | 07/01/2031 | 100 | 111,620 | ||||||||||||
| Charlotte-Mecklenburg Hospital Authority (The) (Atrium Health), Series 2022 A, Ref. RB |
5.00% | 01/15/2031 | 5 | 5,460 | ||||||||||||
| Mecklenburg (County of), NC, Series 2022, GO Bonds |
5.00% | 09/01/2031 | 100 | 111,830 | ||||||||||||
| North Carolina (State of), Series 2020 A, GO Bonds |
5.00% | 06/01/2031 | 20 | 21,917 | ||||||||||||
| North Carolina (State of), Series 2021 A, Ref. RB |
5.00% | 05/01/2031 | 30 | 33,262 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2031 Municipal Bond ETF (BSMV)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| North Carolina-(continued) |
||||||||||||||||
| North Carolina (State of), Series 2021, RB |
5.00% | 03/01/2031 | $ | 10 | $ | 11,025 | ||||||||||
| North Carolina (State of), Series 2021, RB |
5.00% | 03/01/2033 | 30 | 32,742 | ||||||||||||
| North Carolina (State of), Series 2021, RB |
4.00% | 03/01/2035 | 10 | 10,082 | ||||||||||||
| North Carolina (State of), Series 2022 A, RB |
5.00% | 05/01/2031 | 30 | 33,262 | ||||||||||||
| North Carolina (State of) (Build North Carolina Programs), Series 2020 B, RB |
5.00% | 05/01/2031 | 305 | 332,517 | ||||||||||||
| North Carolina (State of) Medical Care Commission, Series 2021 A, RB |
4.00% | 02/01/2036 | 5 | 4,901 | ||||||||||||
| Wake (County of), NC, Series 2021, RB |
5.00% | 03/01/2031 | 95 | 105,209 | ||||||||||||
| Wake (County of), NC, Series 2021, RB |
4.00% | 03/01/2033 | 15 | 15,236 | ||||||||||||
| Wake (County of), NC, Series 2021, RB |
4.00% | 03/01/2034 | 15 | 15,171 | ||||||||||||
| Wake (County of), NC, Series 2021, RB |
4.00% | 03/01/2038 | 100 | 99,058 | ||||||||||||
| Wake (County of), NC, Series 2023 A, Ref. GO Bonds |
5.00% | 05/01/2031 | 345 | 384,691 | ||||||||||||
| Wake (County of), NC, Series 2024 B, Ref. GO Bonds |
5.00% | 09/01/2031 | 40 | 44,756 | ||||||||||||
|
|
|
|||||||||||||||
| 1,372,739 | ||||||||||||||||
|
|
|
|||||||||||||||
| Ohio-3.30% |
||||||||||||||||
| American Municipal Power, Inc. (AMP Fremont Energy Center), Series 2021, Ref. RB |
5.00% | 02/15/2034 | 5 | 5,374 | ||||||||||||
| American Municipal Power, Inc. (AMP Fremont Energy Center), Series 2021, Ref. RB |
4.00% | 02/15/2038 | 270 | 262,489 | ||||||||||||
| American Municipal Power, Inc. (Fremont Energy Center), Series 2021, Ref. RB |
5.00% | 02/15/2031 | 20 | 21,883 | ||||||||||||
| American Municipal Power, Inc. (Fremont Energy Center), Series 2021, Ref. RB |
4.00% | 02/15/2036 | 100 | 99,615 | ||||||||||||
| American Municipal Power, Inc. (Fremont Energy Center), Series 2021, Ref. RB |
4.00% | 02/15/2037 | 35 | 34,511 | ||||||||||||
| Columbus (City of), OH, Series 2023 A, GO Bonds |
5.00% | 08/15/2031 | 75 | 83,740 | ||||||||||||
| Columbus (City of), OH, Series 2024 A, GO Bonds |
5.00% | 08/15/2031 | 25 | 27,913 | ||||||||||||
| Montgomery (County of), OH (Kettering Health Network Obligated Group), Series 2021, Ref. RB |
4.00% | 08/01/2041 | 10 | 9,313 | ||||||||||||
| Montgomery (County of), OH (Kettering Health Network Obligated Group), Series 2021, Ref. RB |
4.00% | 08/01/2051 | 10 | 8,387 | ||||||||||||
| Ohio (State of), Series 2021 A, GO Bonds |
5.00% | 05/01/2037 | 5 | 5,361 | ||||||||||||
| Ohio (State of), Series 2021 A, GO Bonds |
4.00% | 06/15/2037 | 5 | 5,028 | ||||||||||||
| Ohio (State of), Series 2021 A, GO Bonds |
4.00% | 05/01/2038 | 35 | 35,035 | ||||||||||||
| Ohio (State of), Series 2021 A, GO Bonds |
5.00% | 05/01/2040 | 10 | 10,523 | ||||||||||||
| Ohio (State of), Series 2021 A, GO Bonds |
5.00% | 06/15/2041 | 240 | 251,881 | ||||||||||||
| Ohio (State of), Series 2021 B, Ref. GO Bonds |
5.00% | 09/15/2031 | 90 | 100,690 | ||||||||||||
| Ohio (State of), Series 2021, RB |
5.00% | 02/01/2031 | 30 | 33,056 | ||||||||||||
| Ohio (State of), Series 2023, Ref. GO Bonds |
5.00% | 09/01/2031 | 30 | 33,549 | ||||||||||||
| Ohio (State of) Turnpike & Infrastructure Commission, Series 2013 A-4, RB |
5.70% | 02/15/2034 | 120 | 135,582 | ||||||||||||
| Ohio (State of) Turnpike & Infrastructure Commission, Series 2021 A, RB |
5.00% | 02/15/2046 | 355 | 366,704 | ||||||||||||
| Ohio (State of) Turnpike & Infrastructure Commission, Series 2021 A, RB |
5.00% | 02/15/2051 | 70 | 71,992 | ||||||||||||
| Ohio (State of) Turnpike & Infrastructure Commission, Series 2022, Ref. RB |
5.00% | 02/15/2031 | 15 | 16,495 | ||||||||||||
| Ohio (State of) Water Development Authority, Series 2021 A, RB |
5.00% | 12/01/2035 | 170 | 183,976 | ||||||||||||
| Ohio (State of) Water Development Authority, Series 2021 A, RB |
5.00% | 12/01/2037 | 50 | 53,282 | ||||||||||||
| Ohio (State of) Water Development Authority, Series 2021 A, RB |
5.00% | 12/01/2038 | 70 | 74,110 | ||||||||||||
| Ohio (State of) Water Development Authority, Series 2021, RB |
5.00% | 06/01/2046 | 170 | 174,260 | ||||||||||||
| Ohio (State of) Water Development Authority, Series 2024 A, GO Bonds |
5.00% | 06/01/2031 | 10 | 11,140 | ||||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund) (Green Bonds), Series 2021 A, RB |
5.00% | 12/01/2038 | 15 | 15,945 | ||||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund) (Green Bonds), Series 2021 A, RB |
4.00% | 12/01/2039 | 5 | 4,995 | ||||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund) (Green Bonds), Series 2021 A, RB |
5.00% | 12/01/2040 | 55 | 57,993 | ||||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund) (Green Bonds), Series 2021 A, RB |
4.00% | 12/01/2041 | 15 | 14,668 | ||||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund) (Green Bonds), Series 2021 A, RB |
5.00% | 12/01/2046 | 115 | 117,894 | ||||||||||||
| Ohio State University (The) (Green Bonds), Series 2021, RB |
5.00% | 12/01/2033 | 25 | 27,454 | ||||||||||||
| Ohio State University (The) (Green Bonds), Series 2021, RB |
5.00% | 12/01/2034 | 100 | 109,210 | ||||||||||||
| Ohio State University (The) (Green Bonds), Series 2021, RB |
5.00% | 12/01/2036 | 150 | 161,821 | ||||||||||||
| Tipp (City of), Ohio Exempted Village School District, Series 2024 B, GO Bonds, (INS - BAM)(a) |
5.00% | 11/01/2054 | 615 | 622,140 | ||||||||||||
|
|
|
|||||||||||||||
| 3,248,009 | ||||||||||||||||
|
|
|
|||||||||||||||
| Oklahoma-0.30% |
||||||||||||||||
| Cleveland (County of), OK Educational Facilities Authority (Moore Public Schools), Series 2021, RB |
4.00% | 06/01/2031 | 100 | 101,953 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2031 Municipal Bond ETF (BSMV)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Oklahoma-(continued) |
||||||||||||||||
| Oklahoma (State of) Turnpike Authority, Series 2020 A, Ref. RB |
5.00% | 01/01/2031 | $ | 165 | $ | 181,266 | ||||||||||
| University of Oklahoma (The), Series 2021 A, RB, (INS - AGI)(a) |
5.00% | 07/01/2046 | 10 | 10,223 | ||||||||||||
|
|
|
|||||||||||||||
| 293,442 | ||||||||||||||||
|
|
|
|||||||||||||||
| Oregon-0.17% |
||||||||||||||||
| Oregon (State of) (Article XI-Q State), Series 2023 A, GO Bonds |
5.00% | 05/01/2031 | 100 | 111,160 | ||||||||||||
| Oregon (State of) (Q State), Series 2021 A, GO Bonds |
5.00% | 05/01/2035 | 50 | 54,292 | ||||||||||||
|
|
|
|||||||||||||||
| 165,452 | ||||||||||||||||
|
|
|
|||||||||||||||
| Pennsylvania-2.67% |
||||||||||||||||
| Lancaster School District, Series 2023, GO Bonds, (INS - BAM)(a) |
4.00% | 04/01/2040 | 65 | 63,276 | ||||||||||||
| Pennsylvania (Commonwealth of), First Series 2017, Ref. GO Bonds |
3.00% | 01/01/2031 | 335 | 324,891 | ||||||||||||
| Pennsylvania (Commonwealth of), First Series 2020, GO Bonds |
5.00% | 05/01/2031 | 35 | 38,167 | ||||||||||||
| Pennsylvania (Commonwealth of), First Series 2021, GO Bonds |
5.00% | 05/15/2031 | 60 | 66,488 | ||||||||||||
| Pennsylvania (Commonwealth of), First Series 2021, GO Bonds |
4.00% | 05/15/2033 | 350 | 357,439 | ||||||||||||
| Pennsylvania (Commonwealth of), First Series 2023, Ref. GO Bonds |
5.00% | 09/01/2031 | 10 | 11,117 | ||||||||||||
| Pennsylvania (Commonwealth of), First Series 2023, Ref. GO Bonds |
5.00% | 09/01/2031 | 25 | 27,792 | ||||||||||||
| Pennsylvania (Commonwealth of), Series 2022, GO Bonds |
5.00% | 10/01/2031 | 100 | 111,263 | ||||||||||||
| Pennsylvania (Commonwealth of), Series 2024, GO Bonds |
5.00% | 08/15/2031 | 25 | 27,779 | ||||||||||||
| Pennsylvania (Commonwealth of) Economic Development Financing Authority, Series 2023 A-1, RB |
5.00% | 05/15/2031 | 290 | 311,076 | ||||||||||||
| Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (University of Pennsylvania Health System), Series 2021 A, Ref. RB |
5.00% | 08/15/2044 | 50 | 51,131 | ||||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2021 A, Ref. RB |
5.00% | 12/01/2046 | 125 | 127,616 | ||||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2021 A, Ref. RB |
5.00% | 12/01/2047 | 95 | 96,704 | ||||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2021 B, Ref. RB |
5.00% | 12/01/2046 | 95 | 96,376 | ||||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2021 B, Ref. RB |
5.00% | 12/01/2046 | 125 | 127,441 | ||||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2021 B, Ref. RB |
5.00% | 12/01/2051 | 100 | 101,384 | ||||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2021 C, Ref. RB |
5.00% | 12/01/2046 | 145 | 148,035 | ||||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2022 A, Ref. RB |
5.00% | 12/01/2031 | 5 | 5,532 | ||||||||||||
| Philadelphia (City of), PA, Series 2021 A, GO Bonds |
4.00% | 05/01/2037 | 120 | 117,983 | ||||||||||||
| Philadelphia (City of), PA, Series 2021 A, GO Bonds |
4.00% | 05/01/2038 | 115 | 111,839 | ||||||||||||
| Philadelphia (City of), PA, Series 2021 A, GO Bonds |
4.00% | 05/01/2039 | 10 | 9,644 | ||||||||||||
| Philadelphia (City of), PA, Series 2021 C, RB |
5.00% | 10/01/2046 | 260 | 266,038 | ||||||||||||
| Pittsburgh (City of), PA Water & Sewer Authority, Series 2019 B, Ref. RB, (INS - AGI)(a) |
5.00% | 09/01/2031 | 25 | 27,716 | ||||||||||||
|
|
|
|||||||||||||||
| 2,626,727 | ||||||||||||||||
|
|
|
|||||||||||||||
| Rhode Island-0.02% |
||||||||||||||||
| Rhode Island Commerce Corp. (Garvee), Series 2020 A, RB |
5.00% | 05/15/2031 | 20 | 21,637 | ||||||||||||
|
|
|
|||||||||||||||
| South Carolina-1.07% |
||||||||||||||||
| Lexington & Richland School District No. 5, Series 2021 B, Ref. GO Bonds |
4.00% | 03/01/2031 | 5 | 5,200 | ||||||||||||
| Piedmont Municipal Power Agency, Series 2021 D, Ref. RB |
4.00% | 01/01/2033 | 40 | 40,243 | ||||||||||||
| SCAGO Educational Facilities Corp. for Pickens School District, Series 2015, Ref. RB |
3.50% | 12/01/2031 | 20 | 19,387 | ||||||||||||
| South Carolina (State of) Jobs-Economic Development Authority (Novant Health Obligated Group), Series 2024, RB |
5.00% | 11/01/2031 | 260 | 284,142 | ||||||||||||
| South Carolina (State of) Public Service Authority, Series 2020 A, Ref. RB |
5.00% | 12/01/2031 | 10 | 10,820 | ||||||||||||
| South Carolina (State of) Public Service Authority, Series 2021 A, Ref. RB |
4.00% | 12/01/2036 | 15 | 14,672 | ||||||||||||
| South Carolina (State of) Public Service Authority, Series 2021 B, RB |
4.00% | 12/01/2039 | 350 | 331,710 | ||||||||||||
| South Carolina (State of) Public Service Authority, Series 2021 B, RB |
5.00% | 12/01/2040 | 15 | 15,379 | ||||||||||||
| South Carolina (State of) Public Service Authority, Series 2021 B, RB |
5.00% | 12/01/2043 | 45 | 45,438 | ||||||||||||
| South Carolina (State of) Public Service Authority (Santee Cooper), Series 2022 A, RB |
5.00% | 12/01/2031 | 45 | 49,348 | ||||||||||||
| South Carolina (State of) Transportation Infrastructure Bank, Series 2021 A, Ref. RB |
4.00% | 10/01/2033 | 135 | 136,213 | ||||||||||||
| University of South Carolina (Campus Village), Series 2021 A, RB |
5.00% | 05/01/2046 | 100 | 102,282 | ||||||||||||
|
|
|
|||||||||||||||
| 1,054,834 | ||||||||||||||||
|
|
|
|||||||||||||||
| South Dakota-0.24% |
||||||||||||||||
| South Dakota (State of) Health & Educational Facilities Authority (Avera Health), Series 2024 A, Ref. RB |
5.00% | 07/01/2031 | 215 | 233,347 | ||||||||||||
|
|
|
|||||||||||||||
| Tennessee-0.57% |
||||||||||||||||
| Clarksville (City of), TN, Series 2021 A, RB |
5.00% | 02/01/2045 | 105 | 108,150 | ||||||||||||
| Johnson City (City of), TN Health & Educational Facilities Board (Ballad Health Obligated Group), Series 2023 A, Ref. RB |
5.00% | 07/01/2031 | 170 | 183,166 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2031 Municipal Bond ETF (BSMV)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Tennessee-(continued) |
||||||||||||||||
| Memphis (City of), TN, Series 2022 A, Ref. GO Bonds |
5.00% | 10/01/2047 | $ | 50 | $ | 50,957 | ||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2021 A, RB |
5.00% | 05/15/2046 | 150 | 153,875 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2021 C, GO Bonds |
4.00% | 01/01/2031 | 30 | 31,257 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government Health & Educational Facilities Board (The) (Vanderbilt University Medical Center), Series 2021 A, RB |
5.00% | 07/01/2031 | 30 | 32,369 | ||||||||||||
| Tennessee (State of), Series 2023 A, GO Bonds |
5.00% | 05/01/2031 | 5 | 5,555 | ||||||||||||
|
|
|
|||||||||||||||
| 565,329 | ||||||||||||||||
|
|
|
|||||||||||||||
| Texas-7.27% |
||||||||||||||||
| Austin (City of), TX, Series 2021, Ref. RB |
5.00% | 11/15/2046 | 35 | 35,673 | ||||||||||||
| Austin (City of), TX, Series 2024, Ref. RB |
5.00% | 11/15/2031 | 75 | 83,319 | ||||||||||||
| Austin Independent School District, Series 2021, GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 08/01/2036 | 15 | 15,158 | ||||||||||||
| Austin Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/01/2031 | 105 | 116,250 | ||||||||||||
| Bexar (County of), TX, Series 2022 B, Ctfs. of Obligations |
4.75% | 06/15/2048 | 20 | 20,049 | ||||||||||||
| Board of Regents of the University of Texas System, Series 2020 C, Ref. RB |
5.00% | 08/15/2031 | 100 | 110,995 | ||||||||||||
| Board of Regents of the University of Texas System, Series 2021 A, Ref. RB |
5.00% | 08/15/2031 | 110 | 122,094 | ||||||||||||
| Board of Regents of the University of Texas System, Series 2023 A, RB |
5.00% | 08/15/2031 | 205 | 227,539 | ||||||||||||
| Board of Regents of the University of Texas System, Series 2024 A, Ref. RB |
5.00% | 08/15/2031 | 20 | 22,199 | ||||||||||||
| Central Texas Regional Mobility Authority, Series 2021 B, RB |
5.00% | 01/01/2046 | 155 | 156,571 | ||||||||||||
| Central Texas Regional Mobility Authority, Series 2021 D, Ref. RB |
4.00% | 01/01/2037 | 140 | 137,799 | ||||||||||||
| Central Texas Regional Mobility Authority, Series 2021 D, Ref. RB |
4.00% | 01/01/2038 | 35 | 33,955 | ||||||||||||
| Clear Creek Independent School District, Series 2013 B, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2031 | 100 | 110,239 | ||||||||||||
| Clear Creek Independent School District, Series 2024 A, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2031 | 10 | 11,024 | ||||||||||||
| Comal Independent School District, Series 2022, GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 02/01/2036 | 100 | 101,101 | ||||||||||||
| Comal Independent School District, Series 2024, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2031 | 375 | 413,605 | ||||||||||||
| Cypress-Fairbanks Independent School District, Series 2020 A, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 02/15/2037 | 15 | 15,059 | ||||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2020 A, Ref. RB |
5.00% | 11/01/2031 | 80 | 87,199 | ||||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2020, Ref. RB |
5.00% | 11/01/2031 | 60 | 65,399 | ||||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2022 B, Ref. RB |
5.00% | 11/01/2031 | 15 | 16,575 | ||||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2024, RB |
5.00% | 11/01/2031 | 5 | 5,525 | ||||||||||||
| Dallas (City of), TX, Series 2024 A, Ctfs. Of Obligations |
5.00% | 02/15/2031 | 195 | 214,110 | ||||||||||||
| Dallas (City of), TX Area Rapid Transit, Series 2007, Ref. RB, (INS - AMBAC)(a) |
5.25% | 12/01/2031 | 5 | 5,624 | ||||||||||||
| Dallas College, Series 2022, GO Bonds |
5.00% | 02/15/2031 | 100 | 109,581 | ||||||||||||
| Denton Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2031 | 55 | 60,850 | ||||||||||||
| El Paso (City of), TX, Series 2022, RB |
5.00% | 03/01/2052 | 5 | 5,058 | ||||||||||||
| Garland Independent School District, Series 2023 A, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2031 | 50 | 55,120 | ||||||||||||
| Georgetown (City of), TX, Series 2022, RB, (INS - AGI)(a) |
5.00% | 08/15/2042 | 90 | 92,468 | ||||||||||||
| Harris (County of), TX, Series 2022 A, Ref. GO Bonds |
5.00% | 08/15/2031 | 30 | 33,245 | ||||||||||||
| Harris (County of), TX, Series 2024 A, RB |
5.00% | 08/15/2031 | 50 | 55,200 | ||||||||||||
| Harris County Cultural Education Facilities Finance Corp. (Memorial Hermann Health System), Series 2024, Ref. RB |
5.00% | 07/01/2031 | 85 | 92,992 | ||||||||||||
| Harris County Cultural Education Facilities Finance Corp. (Texas Children’s Hospital), Series 2024, Ref. RB |
5.00% | 10/01/2031 | 270 | 295,791 | ||||||||||||
| Houston (City of), TX, Series 2023 B, Ref. RB, (INS - AGI)(a) |
5.00% | 07/01/2031 | 110 | 121,813 | ||||||||||||
| Houston (City of), TX, Series 2024, Ref. RB |
5.00% | 11/15/2031 | 5 | 5,542 | ||||||||||||
| Lewisville Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2031 | 40 | 44,279 | ||||||||||||
| Lower Colorado River Authority, Series 2022, Ref. RB, (INS - AGI)(a) |
5.00% | 05/15/2033 | 45 | 48,946 | ||||||||||||
| Lower Colorado River Authority, Series 2022, Ref. RB, (INS - AGI)(a) |
5.00% | 05/15/2034 | 330 | 357,214 | ||||||||||||
| Lower Colorado River Authority, Series 2022, Ref. RB, (INS - AGI)(a) |
5.00% | 05/15/2035 | 30 | 32,231 | ||||||||||||
| Lower Colorado River Authority, Series 2022, Ref. RB, (INS - AGI)(a) |
5.00% | 05/15/2036 | 75 | 79,961 | ||||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2021 A, RB |
5.00% | 05/15/2046 | 165 | 166,366 | ||||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2022, Ref. RB |
5.00% | 05/15/2036 | 40 | 42,540 | ||||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2022, Ref. RB |
5.00% | 05/15/2037 | 175 | 184,799 | ||||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2022, Ref. RB |
5.00% | 05/15/2038 | 20 | 20,914 | ||||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2022, Ref. RB |
5.00% | 05/15/2040 | 15 | 15,473 | ||||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2022, Ref. RB |
5.00% | 05/15/2042 | 30 | 30,605 | ||||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2022, Ref. RB |
5.00% | 05/15/2047 | 45 | 45,326 | ||||||||||||
| Midland Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2031 | 30 | 33,055 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2031 Municipal Bond ETF (BSMV)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Texas-(continued) |
||||||||||||||||
| Montgomery Independent School District, Series 2022, GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 02/15/2047 | $ | 15 | $ | 13,563 | ||||||||||
| North Texas Municipal Water District, Series 2021 A, Ref. RB |
4.00% | 09/01/2031 | 55 | 56,820 | ||||||||||||
| North Texas Tollway Authority, Series 2021 B, RB |
4.00% | 01/01/2033 | 10 | 10,032 | ||||||||||||
| North Texas Tollway Authority, Series 2021 B, RB |
4.00% | 01/01/2034 | 330 | 328,790 | ||||||||||||
| North Texas Tollway Authority, Series 2021 B, RB |
4.00% | 01/01/2035 | 85 | 83,686 | ||||||||||||
| Northwest Independent School District, Series 2022, GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 02/15/2047 | 150 | 135,627 | ||||||||||||
| Permanent University Fund - University of Texas System, Series 2022 A, RB |
5.00% | 07/01/2031 | 60 | 66,584 | ||||||||||||
| Permanent University Fund - University of Texas System, Series 2024 A, Ref. RB |
5.00% | 07/01/2031 | 115 | 127,552 | ||||||||||||
| Plano Independent School District, Series 2023, GO Bonds |
5.00% | 02/15/2031 | 45 | 49,188 | ||||||||||||
| Rockwall Independent School District, Series 2022 A, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2047 | 150 | 152,570 | ||||||||||||
| Sabine-Neches Navigation District (Sabine-Neches Waterway), Series 2022, GO Bonds |
5.25% | 02/15/2052 | 265 | 271,865 | ||||||||||||
| San Antonio (City of), TX, Series 2021 A, RB |
5.00% | 02/01/2038 | 20 | 20,956 | ||||||||||||
| San Antonio (City of), TX, Series 2021 A, RB |
5.00% | 02/01/2039 | 135 | 140,460 | ||||||||||||
| San Antonio (City of), TX, Series 2021 A, RB |
5.00% | 02/01/2040 | 160 | 165,310 | ||||||||||||
| San Antonio (City of), TX, Series 2021 A, RB |
5.00% | 02/01/2041 | 125 | 128,484 | ||||||||||||
| San Antonio (City of), TX, Series 2021 A, RB |
5.00% | 02/01/2046 | 130 | 131,535 | ||||||||||||
| San Antonio (City of), TX, Series 2024 D, Ref. RB |
5.00% | 02/01/2031 | 35 | 38,489 | ||||||||||||
| San Antonio (City of), TX Water System, Series 2021 A, Ref. RB |
5.00% | 05/15/2046 | 100 | 101,970 | ||||||||||||
| San Antonio Public Facilities Corp., Series 2022, Ref. RB |
5.00% | 09/15/2031 | 5 | 5,462 | ||||||||||||
| Tarrant (County of), TX Regional Water District, Series 2024, Ref. RB |
5.00% | 03/01/2031 | 5 | 5,512 | ||||||||||||
| Tarrant County College District, Series 2022, GO Bonds |
5.00% | 08/15/2031 | 45 | 49,707 | ||||||||||||
| Texas (State of) Transportation Commission, Series 2024, Ref. GO Bonds |
5.00% | 04/01/2031 | 60 | 66,317 | ||||||||||||
| Texas (State of) Transportation Commission (Central Texas Turnpike System), Series 2024 C, Ref. RB |
5.00% | 08/15/2031 | 255 | 279,412 | ||||||||||||
| Texas (State of) Water Development Board, Series 2020, RB |
5.00% | 08/01/2031 | 30 | 32,715 | ||||||||||||
| Texas (State of) Water Development Board, Series 2021, RB |
5.00% | 08/01/2031 | 75 | 83,258 | ||||||||||||
| Texas (State of) Water Development Board, Series 2021, RB |
5.00% | 08/01/2033 | 80 | 87,772 | ||||||||||||
| Texas (State of) Water Development Board, Series 2021, RB |
5.00% | 08/01/2034 | 100 | 109,002 | ||||||||||||
| Texas (State of) Water Development Board, Series 2021, RB |
4.00% | 08/01/2035 | 35 | 35,374 | ||||||||||||
| Texas (State of) Water Development Board, Series 2021, RB |
4.00% | 08/01/2036 | 20 | 20,058 | ||||||||||||
| Texas (State of) Water Development Board, Series 2023 A, RB |
5.00% | 10/15/2031 | 10 | 11,124 | ||||||||||||
| Texas A&M University, Series 2024 A, RB |
5.00% | 05/15/2031 | 20 | 22,140 | ||||||||||||
| Texas State University Board of Regents, Series 2024 A, RB |
5.00% | 02/15/2031 | 20 | 22,059 | ||||||||||||
| Trinity River Authority, Series 2020, Ref. RB |
3.00% | 08/01/2031 | 80 | 77,927 | ||||||||||||
| University of Houston, Series 2022 A, Ref. RB |
5.00% | 02/15/2031 | 35 | 38,334 | ||||||||||||
| Williamson (County of), TX, Series 2024, GO Notes. |
5.00% | 02/15/2031 | 30 | 32,940 | ||||||||||||
|
|
|
|||||||||||||||
| 7,159,024 | ||||||||||||||||
|
|
|
|||||||||||||||
| Utah-1.24% |
||||||||||||||||
| Granite School District Board of Education, Series 2021, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 06/01/2031 | 105 | 116,785 | ||||||||||||
| Intermountain Power Agency, Series 2022 A, Ref. RB |
5.00% | 07/01/2031 | 50 | 54,500 | ||||||||||||
| Intermountain Power Agency, Series 2022 A, Ref. RB |
5.00% | 07/01/2034 | 5 | 5,323 | ||||||||||||
| Intermountain Power Agency, Series 2022 A, Ref. RB |
5.00% | 07/01/2035 | 20 | 21,174 | ||||||||||||
| Intermountain Power Agency, Series 2022 A, Ref. RB |
5.00% | 07/01/2037 | 30 | 31,385 | ||||||||||||
| Intermountain Power Agency, Series 2022 A, Ref. RB |
5.00% | 07/01/2038 | 10 | 10,392 | ||||||||||||
| Intermountain Power Agency, Series 2022 A, Ref. RB |
5.00% | 07/01/2039 | 50 | 51,823 | ||||||||||||
| Intermountain Power Agency, Series 2022 A, Ref. RB |
5.00% | 07/01/2041 | 25 | 25,669 | ||||||||||||
| Intermountain Power Agency, Series 2022 A, Ref. RB |
5.00% | 07/01/2042 | 5 | 5,108 | ||||||||||||
| Intermountain Power Agency, Series 2022 A, Ref. RB |
5.00% | 07/01/2044 | 320 | 324,227 | ||||||||||||
| Intermountain Power Agency, Series 2022 A, Ref. RB |
5.00% | 07/01/2045 | 270 | 272,379 | ||||||||||||
| Salt Lake City (City of), UT, Series 2021 B, RB |
5.00% | 07/01/2046 | 110 | 111,666 | ||||||||||||
| University of Utah (The) (Green Bonds), Series 2022 B, RB |
5.00% | 08/01/2031 | 100 | 111,248 | ||||||||||||
| Utah (State of) Transit Authority, Series 2007 A, Ref. RB, (INS - NATL)(a) |
5.00% | 06/15/2031 | 70 | 76,372 | ||||||||||||
|
|
|
|||||||||||||||
| 1,218,051 | ||||||||||||||||
|
|
|
|||||||||||||||
| Virginia-1.43% |
||||||||||||||||
| Fairfax (County of), VA, Series 2021 A, RB |
5.00% | 07/15/2046 | 10 | 10,343 | ||||||||||||
| Fairfax (County of), VA, Series 2024 A, GO Bonds |
5.00% | 10/01/2031 | 30 | 33,581 | ||||||||||||
| Norfolk (City of), VA, Series 2021 A, GO Bonds |
5.00% | 03/01/2033 | 155 | 170,124 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2031 Municipal Bond ETF (BSMV)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Virginia-(continued) |
||||||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Centuity College and Equipment), Series 2021, RB |
5.00% | 02/01/2031 | $ | 90 | $ | 99,366 | ||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Centuity College and Equipment), Series 2022, RB |
5.00% | 02/01/2031 | 50 | 55,203 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and Equipment Programs), Series 2021 A, RB |
4.00% | 02/01/2033 | 5 | 5,133 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and Equipment Programs), Series 2023 A, RB |
5.00% | 02/01/2031 | 105 | 115,927 | ||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and Equipment Programs), Series 2023 B, Ref. RB |
5.00% | 02/01/2031 | 145 | 160,090 | ||||||||||||
| Virginia (Commonwealth of) Public Building Authority, Series 2021 A-1, RB |
5.00% | 08/01/2031 | 130 | 144,700 | ||||||||||||
| Virginia (Commonwealth of) Public Building Authority, Series 2021 A-1, RB |
5.00% | 08/01/2033 | 230 | 252,748 | ||||||||||||
| Virginia (Commonwealth of) Public Building Authority, Series 2021 A-2, RB |
4.00% | 08/01/2036 | 50 | 50,032 | ||||||||||||
| Virginia (Commonwealth of) Public Building Authority, Series 2021 A-2, RB |
4.00% | 08/01/2037 | 145 | 142,601 | ||||||||||||
| Virginia (Commonwealth of) Public Building Authority (Bidding Group 1), Series 2022 A, RB |
5.00% | 08/01/2031 | 35 | 38,958 | ||||||||||||
| Virginia (Commonwealth of) Transportation Board (I-81 Regional Corridor), Series 2021, RB |
5.00% | 05/15/2057 | 120 | 121,889 | ||||||||||||
| Virginia (Commonwealth of) Transportation Board (Transportation Capital), Series 2024, Ref. RB |
5.00% | 05/15/2031 | 5 | 5,546 | ||||||||||||
|
|
|
|||||||||||||||
| 1,406,241 | ||||||||||||||||
|
|
|
|||||||||||||||
| Washington-4.81% |
||||||||||||||||
| Central Puget Sound Regional Transit Authority (Green Bonds), Series 2021 S-1, Ref. RB |
5.00% | 11/01/2031 | 45 | 50,362 | ||||||||||||
| Central Puget Sound Regional Transit Authority (Green Bonds), Series 2021 S-1, Ref. RB |
5.00% | 11/01/2033 | 190 | 210,633 | ||||||||||||
| Central Puget Sound Regional Transit Authority (Green Bonds), Series 2021 S-1, Ref. RB |
5.00% | 11/01/2034 | 140 | 154,264 | ||||||||||||
| Central Puget Sound Regional Transit Authority (Green Bonds), Series 2021 S-1, Ref. RB |
4.00% | 11/01/2040 | 150 | 146,846 | ||||||||||||
| Energy Northwest, Series 2024 A, Ref. RB |
5.00% | 07/01/2031 | 55 | 61,164 | ||||||||||||
| Energy Northwest (Columbia Generating Station), Series 2021, Ref. RB |
5.00% | 07/01/2040 | 215 | 225,605 | ||||||||||||
| Energy Northwest (Columbia Generating Station), Series 2021, Ref. RB |
5.00% | 07/01/2041 | 310 | 324,511 | ||||||||||||
| Energy Northwest (No. 3), Series 2024 A, Ref. RB |
5.00% | 07/01/2031 | 15 | 16,681 | ||||||||||||
| King (County of), WA, Series 2021 A, GO Bonds |
5.00% | 01/01/2031 | 50 | 55,307 | ||||||||||||
| Snohomish (County of), WA Public Utility District No. 1, Series 2021 A, RB |
5.00% | 12/01/2046 | 250 | 256,361 | ||||||||||||
| Spokane County School District No. 81, Series 2012, GO Bonds, (CEP - Oregon School Bond Guaranty) |
3.00% | 12/01/2031 | 30 | 28,502 | ||||||||||||
| Spokane County School District No. 81, Series 2021, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 12/01/2037 | 105 | 105,629 | ||||||||||||
| Spokane County School District No. 81, Series 2021, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 12/01/2038 | 55 | 54,842 | ||||||||||||
| Spokane County School District No. 81, Series 2021, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 12/01/2039 | 25 | 24,730 | ||||||||||||
| Tacoma (City of), WA (Green Bonds), Series 2021, Ref. RB |
5.00% | 01/01/2046 | 150 | 152,883 | ||||||||||||
| Washington (State of), Series 2020 C, GO Bonds |
5.00% | 02/01/2031 | 255 | 276,779 | ||||||||||||
| Washington (State of), Series 2021 C, GO Bonds |
5.00% | 02/01/2038 | 80 | 84,655 | ||||||||||||
| Washington (State of), Series 2021 C, GO Bonds |
5.00% | 02/01/2041 | 5 | 5,200 | ||||||||||||
| Washington (State of), Series 2021 C, GO Bonds |
5.00% | 02/01/2042 | 65 | 67,287 | ||||||||||||
| Washington (State of), Series 2021 C, GO Bonds |
5.00% | 02/01/2045 | 150 | 153,729 | ||||||||||||
| Washington (State of), Series 2021, Ref. GO Bonds |
5.00% | 06/01/2031 | 50 | 54,525 | ||||||||||||
| Washington (State of), Series 2024, Ref. GO Bonds |
5.00% | 07/01/2031 | 30 | 33,345 | ||||||||||||
| Washington (State of), Series R-2021C, Ref. GO Bonds |
5.00% | 08/01/2031 | 15 | 16,714 | ||||||||||||
| Washington (State of), Series R-2021C, Ref. GO Bonds |
4.00% | 08/01/2035 | 25 | 25,432 | ||||||||||||
| Washington (State of), Series R-2021C, Ref. GO Bonds |
4.00% | 08/01/2036 | 40 | 40,095 | ||||||||||||
| Washington (State of), Series R-2023B, Ref. GO Bonds |
5.00% | 07/01/2031 | 60 | 66,690 | ||||||||||||
| Washington (State of), Series R-2024C, Ref. GO Bonds |
5.00% | 08/01/2031 | 25 | 27,812 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2020 A, GO Bonds |
5.00% | 08/01/2031 | 15 | 16,388 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2021 A, GO Bonds |
5.00% | 08/01/2031 | 35 | 39,000 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2021 A, GO Bonds |
5.00% | 08/01/2034 | 55 | 60,079 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2021 A, GO Bonds |
5.00% | 08/01/2035 | 55 | 59,589 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2021 A, GO Bonds |
5.00% | 08/01/2036 | 135 | 145,019 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2021 A, GO Bonds |
5.00% | 08/01/2037 | 65 | 69,556 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2021 A, GO Bonds |
5.00% | 08/01/2038 | 5 | 5,296 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2021 A, GO Bonds |
5.00% | 08/01/2039 | 5 | 5,268 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2021 C, GO Bonds |
5.00% | 02/01/2031 | 50 | 55,368 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2021 C, GO Bonds |
5.00% | 02/01/2033 | 35 | 38,329 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2021 C, GO Bonds |
5.00% | 02/01/2034 | 30 | 32,653 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2031 Municipal Bond ETF (BSMV)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Washington-(continued) |
||||||||||||||||
| Washington (State of) (Bid Group 1), Series 2021 C, GO Bonds |
5.00% | 02/01/2035 | $ | 35 | $ | 37,792 | ||||||||||
| Washington (State of) (Bid Group 1), Series 2021 C, GO Bonds |
5.00% | 02/01/2036 | 45 | 48,212 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2021 C, GO Bonds |
5.00% | 02/01/2037 | 305 | 325,796 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2022 A-1, GO Bonds |
5.00% | 08/01/2031 | 30 | 33,428 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2022 C, GO Bonds |
5.00% | 02/01/2031 | 180 | 199,326 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2023 B, GO Bonds |
5.00% | 02/01/2031 | 60 | 66,442 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2024 A, GO Bonds |
5.00% | 08/01/2031 | 55 | 61,285 | ||||||||||||
| Washington (State of) (Bid Group 1), Series 2024 C, GO Bonds |
5.00% | 02/01/2031 | 5 | 5,537 | ||||||||||||
| Washington (State of) (Bid Group 2), Series 2021 A, GO Bonds |
5.00% | 08/01/2040 | 165 | 173,062 | ||||||||||||
| Washington (State of) (Bid Group 2), Series 2021 A, GO Bonds |
5.00% | 08/01/2042 | 10 | 10,372 | ||||||||||||
| Washington (State of) (Bid Group 2), Series 2021 A, GO Bonds |
5.00% | 08/01/2044 | 10 | 10,299 | ||||||||||||
| Washington (State of) (Bid Group 2), Series R-2023A, Ref. GO Bonds |
5.00% | 08/01/2031 | 65 | 72,428 | ||||||||||||
| Washington (State of) (Bidding Group 2), Series 2021 A, GO Bonds |
5.00% | 08/01/2041 | 390 | 406,795 | ||||||||||||
| Whatcom (County of), WA Bellingham School District No. 501, Series 2021, GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 12/01/2037 | 40 | 40,070 | ||||||||||||
|
|
|
|||||||||||||||
| 4,737,972 | ||||||||||||||||
|
|
|
|||||||||||||||
| West Virginia-0.09% |
||||||||||||||||
| West Virginia (State of) Parkways Authority, Series 2021, RB |
5.00% | 06/01/2047 | 90 | 91,461 | ||||||||||||
|
|
|
|||||||||||||||
| Wisconsin-0.76% |
||||||||||||||||
| Pleasant Prairie (Village of), WI, Series 2023 A, GO Bonds |
4.00% | 08/01/2033 | 50 | 51,623 | ||||||||||||
| Wisconsin (State of), Series 2021 1, Ref. GO Bonds |
5.00% | 05/01/2031 | 230 | 251,252 | ||||||||||||
| Wisconsin (State of), Series 2021-2, Ref. GO Bonds |
5.00% | 05/01/2031 | 80 | 87,392 | ||||||||||||
| Wisconsin (State of), Series 2022-4, Ref. GO Bonds |
5.00% | 05/01/2031 | 45 | 49,919 | ||||||||||||
| Wisconsin (State of), Series 2023-2, Ref. GO Bonds |
5.00% | 05/01/2031 | 100 | 110,930 | ||||||||||||
| Wisconsin (State of), Series 2024-2, Ref. GO Bonds |
5.00% | 05/01/2031 | 80 | 88,744 | ||||||||||||
| Wisconsin (State of) Department of Transportation, Series 2024-2, Ref. RB |
5.00% | 07/01/2031 | 100 | 111,385 | ||||||||||||
|
|
|
|||||||||||||||
| 751,245 | ||||||||||||||||
|
|
|
|||||||||||||||
| TOTAL INVESTMENTS IN SECURITIES(d) -98.39% |
|
96,922,973 | ||||||||||||||
| OTHER ASSETS LESS LIABILITIES-1.61% |
|
1,584,612 | ||||||||||||||
|
|
|
|||||||||||||||
| NET ASSETS-100.00% |
|
$ | 98,507,585 | |||||||||||||
|
|
|
|||||||||||||||
Investment Abbreviations:
| AGI |
-Assured Guaranty, Inc. | |
| AMBAC |
-American Municipal Bond Assurance Corp. | |
| BAM |
-Build America Mutual Assurance Co. | |
| CEP |
-Credit Enhancement Provider | |
| COP |
-Certificates of Participation | |
| Ctfs. |
-Certificates | |
| GO |
-General Obligation | |
| INS |
-Insurer | |
| NATL |
-National Public Finance Guarantee Corp. | |
| RB |
-Revenue Bonds | |
| Ref. |
-Refunding | |
| RN |
-Revenue Notes | |
| Wts. |
-Warrants |
Notes to Schedule of Investments:
| (a) | Principal and/or interest payments are secured by the bond insurance company listed. |
| (b) | Advance refunded; secured by an escrow fund of U.S. Government obligations or other highly rated collateral. |
| (c) | Security has an irrevocable call by the issuer or mandatory put by the holder. Maturity date reflects such call or put. |
| (d) | Entities may either issue, guarantee, back or otherwise enhance the credit quality of a security. The entities are not primarily responsible for the issuer’s obligations but may be called upon to satisfy the issuer’s obligations. No concentration of any single entity was greater than 5% each. |
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments
Invesco BulletShares 2032 Municipal Bond ETF (BSMW)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Municipal Obligations-98.24% |
||||||||||||||||
| Alabama-0.43% |
||||||||||||||||
| Alabama (State of) Corrections Institution Finance Authority, Series 2022, RB |
5.00% | 07/01/2034 | $ | 35 | $ | 38,040 | ||||||||||
| Alabama (State of) Corrections Institution Finance Authority, Series 2022, RB |
5.00% | 07/01/2035 | 25 | 27,017 | ||||||||||||
| Alabama (State of) Corrections Institution Finance Authority, Series 2022, RB |
5.00% | 07/01/2037 | 105 | 111,992 | ||||||||||||
| Alabama (State of) Corrections Institution Finance Authority, Series 2022, RB |
5.00% | 07/01/2042 | 145 | 149,061 | ||||||||||||
| Jefferson (County of), AL, Series 2024, Ref. Revenue Wts |
5.00% | 10/01/2032 | 100 | 108,828 | ||||||||||||
|
|
|
|||||||||||||||
| 434,938 | ||||||||||||||||
|
|
|
|||||||||||||||
| Arizona-0.48% |
||||||||||||||||
| Arizona (State of) Department of Transportation, Series 2023, RB |
5.00% | 07/01/2032 | 50 | 56,062 | ||||||||||||
| Arizona (State of) Industrial Development Authority (Equitable School Revolving Fund), Series 2022, RB |
5.00% | 11/01/2047 | 50 | 49,293 | ||||||||||||
| Arizona (State of) Industrial Development Authority (Social Bonds), Series 2023, RB |
5.25% | 11/01/2048 | 35 | 35,188 | ||||||||||||
| Gilbert Water Resource Municipal Property Corp. (Green Bonds), Series 2022, RB |
5.00% | 07/15/2032 | 20 | 22,432 | ||||||||||||
| Gilbert Water Resource Municipal Property Corp. (Green Bonds), Series 2022, RB |
5.00% | 07/15/2034 | 50 | 55,370 | ||||||||||||
| Gilbert Water Resource Municipal Property Corp. (Green Bonds), Series 2022, RB |
5.00% | 07/15/2035 | 5 | 5,502 | ||||||||||||
| Gilbert Water Resource Municipal Property Corp. (Green Bonds), Series 2022, RB |
5.00% | 07/15/2036 | 80 | 87,454 | ||||||||||||
| Gilbert Water Resource Municipal Property Corp. (Green Bonds), Series 2022, RB |
5.00% | 07/15/2038 | 85 | 91,552 | ||||||||||||
| Gilbert Water Resource Municipal Property Corp. (Green Bonds), Series 2022, RB |
4.00% | 07/15/2041 | 10 | 9,617 | ||||||||||||
| Maricopa (County of), AZ Special Health Care District, Series 2021 D, GO Bonds |
5.00% | 07/01/2032 | 20 | 21,833 | ||||||||||||
| Maricopa County Unified School District No. 60 Higley, Series 2023, Ref. COP, (INS - AGI)(a) |
5.00% | 06/01/2053 | 25 | 25,131 | ||||||||||||
| Mesa (City of), AZ, Series 2022 A, RB, (INS - BAM)(a) |
5.00% | 07/01/2046 | 5 | 5,131 | ||||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2025 B, Ref. RB |
5.00% | 01/01/2032 | 20 | 22,385 | ||||||||||||
|
|
|
|||||||||||||||
| 486,950 | ||||||||||||||||
|
|
|
|||||||||||||||
| Arkansas-0.15% |
||||||||||||||||
| University of Arkansas (Fayetteville Campus), Series 2022 A, RB |
5.00% | 11/01/2047 | 25 | 25,460 | ||||||||||||
| University of Arkansas (Fayetteville Campus), Series 2022 A, RB |
5.25% | 11/01/2052 | 125 | 128,284 | ||||||||||||
|
|
|
|||||||||||||||
| 153,744 | ||||||||||||||||
|
|
|
|||||||||||||||
| California-16.19% |
||||||||||||||||
| Alameda (County of), CA Transportation Commission, Series 2022, RB |
5.00% | 03/01/2045 | 30 | 31,447 | ||||||||||||
| Alhambra Unified School District (Election of 2016), Series 2022 B, GO Bonds |
5.25% | 08/01/2047 | 140 | 147,708 | ||||||||||||
| Alisal Union School District, Series 2022 B, COP |
4.25% | 08/01/2054 | 25 | 23,593 | ||||||||||||
| Alum Rock Union Elementary School District (Election of 2016), Series 2022 A, Ref. GO Bonds |
5.25% | 08/01/2047 | 20 | 20,885 | ||||||||||||
| Bay Area Toll Authority, Series 2024 F-2, RB |
5.00% | 04/01/2040 | 40 | 42,896 | ||||||||||||
| Bay Area Toll Authority, Series 2024, Ref. RB |
5.00% | 04/01/2032 | 15 | 17,009 | ||||||||||||
| Bay Area Toll Authority (Green Bonds), Series 2024 F-2, RB |
5.00% | 04/01/2043 | 30 | 31,459 | ||||||||||||
| Brentwood Union School District (Election of 2016), Series 2022, GO Bonds |
5.25% | 08/01/2052 | 15 | 15,599 | ||||||||||||
| California (State of), Series 2007, Ref. GO Bonds, (INS - AGI)(a) |
5.25% | 08/01/2032 | 250 | 280,046 | ||||||||||||
| California (State of), Series 2016, Ref. GO Bonds |
2.50% | 09/01/2032 | 85 | 77,836 | ||||||||||||
| California (State of), Series 2016, Ref. GO Bonds |
3.00% | 09/01/2032 | 100 | 97,470 | ||||||||||||
| California (State of), Series 2018, GO Bonds |
3.00% | 10/01/2032 | 170 | 161,088 | ||||||||||||
| California (State of), Series 2019, Ref. GO Bonds |
5.00% | 04/01/2032 | 185 | 207,331 | ||||||||||||
| California (State of), Series 2021 C, Ref. GO Bonds |
5.00% | 10/01/2032 | 50 | 55,499 | ||||||||||||
| California (State of), Series 2021, Ref. GO Bonds |
5.00% | 09/01/2032 | 60 | 66,548 | ||||||||||||
| California (State of), Series 2022, GO Bonds |
5.00% | 04/01/2032 | 135 | 151,296 | ||||||||||||
| California (State of), Series 2022, GO Bonds |
5.00% | 09/01/2032 | 245 | 275,568 | ||||||||||||
| California (State of), Series 2022, GO Bonds |
5.00% | 09/01/2034 | 110 | 121,987 | ||||||||||||
| California (State of), Series 2022, GO Bonds |
5.00% | 09/01/2035 | 115 | 126,629 | ||||||||||||
| California (State of), Series 2022, GO Bonds |
5.00% | 09/01/2036 | 35 | 38,208 | ||||||||||||
| California (State of), Series 2022, GO Bonds |
5.00% | 09/01/2039 | 50 | 53,707 | ||||||||||||
| California (State of), Series 2022, GO Bonds |
5.25% | 09/01/2047 | 5 | 5,278 | ||||||||||||
| California (State of), Series 2022, GO Bonds |
5.00% | 09/01/2052 | 195 | 201,463 | ||||||||||||
| California (State of), Series 2022, Ref. GO Bonds |
5.00% | 11/01/2032 | 220 | 247,772 | ||||||||||||
| California (State of), Series 2022, Ref. GO Bonds |
5.00% | 04/01/2035 | 195 | 214,270 | ||||||||||||
| California (State of), Series 2022, Ref. GO Bonds |
5.00% | 09/01/2035 | 520 | 572,581 | ||||||||||||
| California (State of), Series 2022, Ref. GO Bonds |
5.00% | 09/01/2036 | 55 | 60,041 | ||||||||||||
| California (State of), Series 2022, Ref. GO Bonds |
5.00% | 04/01/2037 | 10 | 10,840 | ||||||||||||
| California (State of), Series 2022, Ref. GO Bonds |
5.00% | 11/01/2037 | 100 | 108,465 | ||||||||||||
| California (State of), Series 2022, Ref. GO Bonds |
4.00% | 04/01/2042 | 250 | 241,579 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2032 Municipal Bond ETF (BSMW)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| California-(continued) |
||||||||||||||
| California (State of), Series 2022, Ref. GO Bonds |
5.00% | 04/01/2042 | $ | 250 | $ | 264,455 | ||||||||
| California (State of), Series 2022, Ref. GO Bonds |
4.00% | 09/01/2042 | 250 | 241,436 | ||||||||||
| California (State of), Series 2022, Ref. GO Bonds |
5.00% | 09/01/2042 | 175 | 185,651 | ||||||||||
| California (State of), Series 2022, Ref. GO Bonds |
5.00% | 11/01/2042 | 385 | 408,906 | ||||||||||
| California (State of), Series 2023, GO Bonds |
5.00% | 10/01/2032 | 20 | 22,510 | ||||||||||
| California (State of), Series 2023, Ref. GO Bonds |
5.00% | 09/01/2032 | 50 | 56,238 | ||||||||||
| California (State of), Series 2024, GO Bonds |
5.00% | 09/01/2032 | 25 | 28,119 | ||||||||||
| California (State of), Series 2024, GO Bonds |
5.00% | 09/01/2032 | 10 | 11,248 | ||||||||||
| California (State of), Series 2024, Ref. GO Bonds |
5.00% | 08/01/2032 | 80 | 89,922 | ||||||||||
| California (State of), Series 2024, Ref. GO Bonds |
5.00% | 09/01/2032 | 200 | 224,953 | ||||||||||
| California (State of) Department of Water Resources, Series 2022, Ref. RB |
5.00% | 12/01/2035 | 5 | 5,631 | ||||||||||
| California (State of) Department of Water Resources (Central Valley), Series 2022 BF, RB |
5.00% | 12/01/2034 | 15 | 17,036 | ||||||||||
| California (State of) Department of Water Resources (Central Valley), Series 2022 BF, Ref. RB |
5.00% | 12/01/2032 | 210 | 241,358 | ||||||||||
| California (State of) Educational Facilities Authority (Stanford University), Series 2012 U-2, Ref. RB |
5.00% | 10/01/2032 | 35 | 40,084 | ||||||||||
| California (State of) Infrastructure & Economic Development Bank (Clean Water Revolving Fund) (Green Bonds), Series 2023, RB |
5.00% | 10/01/2032 | 50 | 57,299 | ||||||||||
| California (State of) Infrastructure & Economic Development Bank (Clean Water Revolving Fund) (Green Bonds), Series 2023, RB |
5.00% | 10/01/2034 | 20 | 22,644 | ||||||||||
| California (State of) Infrastructure & Economic Development Bank (Clean Water Revolving Fund) (Green Bonds), Series 2023, RB |
5.00% | 10/01/2035 | 60 | 67,415 | ||||||||||
| California (State of) Infrastructure & Economic Development Bank (Clean Water Revolving Fund) (Green Bonds), Series 2023, RB |
5.00% | 10/01/2036 | 30 | 33,475 | ||||||||||
| California (State of) Infrastructure & Economic Development Bank (Clean Water Revolving Fund) (Green Bonds), Series 2023, RB |
4.00% | 10/01/2047 | 80 | 75,113 | ||||||||||
| California (State of) Infrastructure & Economic Development Bank (Infrastructure State Revolving Fund), Series 2022, RB |
5.00% | 10/01/2047 | 370 | 386,952 | ||||||||||
| California (State of) Infrastructure & Economic Development Bank (Infrastructure State Revolving Fund), Series 2022, RB |
5.00% | 10/01/2052 | 100 | 103,766 | ||||||||||
| California (State of) Municipal Finance Authority (Palomar Health), Series 2022 A, Ref. COP, (INS - AGI)(a) |
5.25% | 11/01/2052 | 50 | 50,460 | ||||||||||
| California (State of) Public Finance Authority (Hoag Memorial Hospital), Series 2022 A, RB |
4.00% | 07/15/2051 | 335 | 294,535 | ||||||||||
| California (State of) Public Works Board (Various Capital), Series 2023 B, Ref. RB |
5.00% | 12/01/2035 | 340 | 373,145 | ||||||||||
| California (State of) Public Works Board (Various Capital), Series 2023 B, Ref. RB |
5.00% | 12/01/2036 | 150 | 163,151 | ||||||||||
| California (State of) Public Works Board (Various Capital), Series 2023, Ref. RB |
5.00% | 09/01/2032 | 80 | 89,760 | ||||||||||
| California (State of) Public Works Board (Various Capital), Series 2023, Ref. RB |
5.00% | 12/01/2032 | 125 | 140,515 | ||||||||||
| California (State of) Public Works Board (Various Capital), Series 2023, Ref. RB |
5.00% | 12/01/2034 | 5 | 5,532 | ||||||||||
| California (State of) Public Works Board (Various Capital), Series 2023, Ref. RB |
5.00% | 12/01/2037 | 20 | 21,598 | ||||||||||
| California (State of) Statewide Communities Development Authority (Enloe Medical Center), Series 2022 A, RB, (INS - AGI)(a) |
5.25% | 08/15/2052 | 205 | 208,069 | ||||||||||
| Chaffey Joint Union High School District (Election of 2012), Series 2023 G, GO Bonds |
5.25% | 08/01/2052 | 115 | 120,953 | ||||||||||
| Coachella Valley Water District, Series 2022 A, COP |
5.00% | 08/01/2047 | 15 | 15,701 | ||||||||||
| East Bay Municipal Utility District, Series 2022 B-2, Ref. RB |
5.00% | 06/01/2032 | 15 | 17,132 | ||||||||||
| East Bay Municipal Utility District (Green Bonds), Series 2022 A, RB |
5.00% | 06/01/2038 | 15 | 16,422 | ||||||||||
| Indio Finance Authority, Series 2022 A, Ref. RB, (INS - BAM)(a) |
5.25% | 11/01/2042 | 100 | 107,269 | ||||||||||
| Kern High School District (Election of 2022), Series 2023 A, GO Bonds |
5.00% | 08/01/2032 | 20 | 22,854 | ||||||||||
| Los Angeles (City of), CA, Series 2022 C, Ref. RB |
5.00% | 06/01/2032 | 55 | 61,886 | ||||||||||
| Los Angeles (City of), CA (Green Bonds), Series 2022 A, RB |
5.00% | 06/01/2047 | 35 | 36,133 | ||||||||||
| Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2022 B, RB |
4.00% | 05/15/2048 | 45 | 40,892 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2022 B, RB |
5.00% | 07/01/2032 | 125 | 135,763 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2022 B, RB |
5.00% | 07/01/2034 | 5 | 5,366 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2022 B, RB |
5.00% | 07/01/2037 | 5 | 5,254 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2022 B, RB |
5.00% | 07/01/2043 | 125 | 127,130 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2022 B, RB |
5.00% | 07/01/2047 | 25 | 25,152 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2022 B, Ref. RB |
5.00% | 07/01/2036 | 140 | 147,659 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2022 B, Ref. RB |
5.00% | 07/01/2037 | 40 | 41,907 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2022 B, Ref. RB |
5.00% | 07/01/2038 | 5 | 5,195 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2022 B, Ref. RB |
5.00% | 07/01/2039 | 10 | 10,310 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2022 B, Ref. RB |
5.00% | 07/01/2042 | 10 | 10,223 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2022 B, Ref. RB |
5.00% | 07/01/2047 | 55 | 55,315 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2032 Municipal Bond ETF (BSMW)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| California-(continued) |
||||||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2022 B, Ref. RB |
5.00% | 07/01/2052 | $ | 250 | $ | 248,569 | ||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2022 C, Ref. RB |
5.00% | 07/01/2036 | 100 | 105,831 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2022 C, Ref. RB |
5.00% | 07/01/2037 | 100 | 105,081 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2022 C, Ref. RB |
5.00% | 07/01/2038 | 145 | 151,032 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2022 C, Ref. RB |
5.00% | 07/01/2039 | 20 | 20,660 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2022 C, Ref. RB |
5.00% | 07/01/2040 | 20 | 20,568 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2022 C, Ref. RB |
5.00% | 07/01/2040 | 55 | 56,662 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2022 C, Ref. RB |
5.00% | 07/01/2041 | 55 | 56,387 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2022 C, Ref. RB |
5.00% | 07/01/2041 | 10 | 10,268 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2022 C, Ref. RB |
5.00% | 07/01/2042 | 50 | 51,116 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2022 C, Ref. RB |
5.00% | 07/01/2042 | 15 | 15,356 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2022 C, Ref. RB |
5.00% | 07/01/2043 | 30 | 30,480 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2022 D, Ref. RB |
5.00% | 07/01/2039 | 50 | 51,649 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2022 D, Ref. RB |
5.00% | 07/01/2041 | 155 | 159,161 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2022 D, Ref. RB |
5.00% | 07/01/2047 | 35 | 35,213 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2022 D, Ref. RB |
5.00% | 07/01/2052 | 200 | 198,856 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2023 A, Ref. RB |
5.00% | 07/01/2032 | 5 | 5,431 | ||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2021 A, RB |
5.00% | 06/01/2032 | 65 | 72,948 | ||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2024, GO Bonds |
5.00% | 08/01/2032 | 15 | 17,151 | ||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2020, RB |
5.00% | 06/01/2032 | 45 | 51,121 | ||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Measure R), Series 2024 A, Ref. RB |
5.00% | 06/01/2032 | 10 | 11,408 | ||||||||||
| Los Angeles Community College District (Election of 2008), Series 2022 L, GO Bonds |
5.00% | 08/01/2036 | 25 | 27,904 | ||||||||||
| Los Angeles Community College District (Election of 2008), Series 2022 L, GO Bonds |
5.00% | 08/01/2037 | 70 | 77,599 | ||||||||||
| Los Angeles Community College District (Election of 2008), Series 2022, GO Bonds |
5.00% | 08/01/2035 | 5 | 5,618 | ||||||||||
| Los Angeles Unified School District, Series 2016 B, Ref. GO Bonds |
3.00% | 07/01/2032 | 45 | 43,069 | ||||||||||
| Los Angeles Unified School District, Series 2021 RYRR, GO Bonds |
5.00% | 07/01/2032 | 75 | 83,893 | ||||||||||
| Los Angeles Unified School District, Series 2021 RYRR, GO Bonds |
5.00% | 07/01/2033 | 65 | 72,199 | ||||||||||
| Los Angeles Unified School District, Series 2021 RYRR, GO Bonds |
5.00% | 07/01/2034 | 5 | 5,518 | ||||||||||
| Los Angeles Unified School District, Series 2021 RYRR, GO Bonds |
5.00% | 07/01/2035 | 20 | 21,916 | ||||||||||
| Los Angeles Unified School District, Series 2021 RYRR, GO Bonds |
4.00% | 07/01/2036 | 80 | 81,042 | ||||||||||
| Los Angeles Unified School District, Series 2021 RYRR, GO Bonds |
4.00% | 07/01/2038 | 15 | 14,907 | ||||||||||
| Los Angeles Unified School District, Series 2021 RYRR, GO Bonds |
4.00% | 07/01/2039 | 120 | 117,952 | ||||||||||
| Los Angeles Unified School District, Series 2021 RYRR, GO Bonds |
4.00% | 07/01/2040 | 10 | 9,749 | ||||||||||
| Los Angeles Unified School District, Series 2021 RYRR, GO Bonds |
4.00% | 07/01/2041 | 95 | 91,803 | ||||||||||
| Los Angeles Unified School District, Series 2021 RYRR, GO Bonds |
4.00% | 07/01/2046 | 45 | 41,013 | ||||||||||
| Los Angeles Unified School District, Series 2024 A, Ref. GO Bonds |
5.00% | 07/01/2032 | 205 | 230,967 | ||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2023 QRR, GO Bonds |
5.00% | 07/01/2032 | 10 | 11,267 | ||||||||||
| Metropolitan Water District of Southern California, Series 2022 B, Ref. RB |
5.00% | 07/01/2032 | 35 | 40,009 | ||||||||||
| Metropolitan Water District of Southern California, Series 2022 B, Ref. RB |
5.00% | 07/01/2036 | 20 | 22,232 | ||||||||||
| Northern California Power Agency (Hydroelectric No. 1), Series 2022, Ref. RB |
5.00% | 07/01/2032 | 60 | 68,421 | ||||||||||
| Pasadena Area Community College District, Series 2023 A-1, Ref. GO Bonds |
5.00% | 08/01/2048 | 150 | 157,150 | ||||||||||
| Peralta Community College District, Series 2022 B, GO Bonds |
5.25% | 08/01/2042 | 90 | 96,465 | ||||||||||
| Regents of the University of California Medical Center, Series 2022 P, RB |
5.00% | 05/15/2034 | 100 | 110,319 | ||||||||||
| Regents of the University of California Medical Center, Series 2022 P, RB |
5.00% | 05/15/2037 | 100 | 107,870 | ||||||||||
| Regents of the University of California Medical Center, Series 2022 P, RB |
5.00% | 05/15/2038 | 50 | 53,455 | ||||||||||
| Regents of the University of California Medical Center, Series 2022 P, RB |
5.00% | 05/15/2039 | 250 | 265,692 | ||||||||||
| Regents of the University of California Medical Center, Series 2022 P, RB |
5.00% | 05/15/2040 | 20 | 21,126 | ||||||||||
| Regents of the University of California Medical Center, Series 2022 P, RB |
5.00% | 05/15/2041 | 25 | 26,260 | ||||||||||
| Regents of the University of California Medical Center, Series 2022 P, RB |
5.00% | 05/15/2042 | 195 | 203,148 | ||||||||||
| Regents of the University of California Medical Center, Series 2022 P, RB |
5.00% | 05/15/2047 | 240 | 245,158 | ||||||||||
| Riverside (City of), CA, Series 2022 A, RB |
5.00% | 10/01/2052 | 10 | 10,310 | ||||||||||
| Sacramento (City of), CA Municipal Utility District (Green Bonds), Series 2024 N-1, Ref. RB |
5.00% | 11/15/2032 | 20 | 22,846 | ||||||||||
| Sacramento (County of), CA Sanitation Districts Financing Authority, Series 2021, Ref. RB |
5.00% | 12/01/2032 | 150 | 172,399 | ||||||||||
| Sacramento Transportation Authority (Measure A), Series 2023, Ref. RB |
5.00% | 10/01/2032 | 35 | 40,084 | ||||||||||
| San Diego (City of), CA Public Facilities Financing Authority, Series 2022 A, RB |
5.00% | 05/15/2047 | 20 | 20,801 | ||||||||||
| San Diego (City of), CA Public Facilities Financing Authority, Series 2022 A, RB |
5.00% | 05/15/2052 | 200 | 206,286 | ||||||||||
| San Diego (County of), CA Regional Transportation Commission, Series 2023 A, Ref. RB |
5.00% | 04/01/2032 | 5 | 5,700 | ||||||||||
| San Diego (County of), CA Water Authority, Series 2022 A, RB |
5.00% | 05/01/2047 | 105 | 109,777 | ||||||||||
| San Diego (County of), CA Water Authority (Green Bonds), Series 2021 B, Ref. RB |
5.00% | 05/01/2032 | 5 | 5,585 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2032 Municipal Bond ETF (BSMW)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| California-(continued) |
||||||||||||||||
| San Diego Unified School District (Election of 2018) (Green Bonds), Series 2022 F-2, GO Bonds |
4.25% | 07/01/2052 | $ | 200 | $ | 187,198 | ||||||||||
| San Diego Unified School District (Green Bonds), Series 2022 F2, GO Bonds |
5.00% | 07/01/2042 | 25 | 26,539 | ||||||||||||
| San Francisco (City & County of), CA, Series 2022 R-1, Ref. GO Bonds |
5.00% | 06/15/2032 | 10 | 11,357 | ||||||||||||
| San Francisco (City & County of), CA, Series 2024 R1, Ref. GO Bonds |
5.00% | 06/15/2032 | 85 | 96,537 | ||||||||||||
| San Francisco (City & County of), CA (Moscone Convention Center Expansion), Series 2017 B, COP |
3.00% | 04/01/2032 | 20 | 18,957 | ||||||||||||
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2021 B, Ref. RB |
5.00% | 05/01/2032 | 100 | 110,441 | ||||||||||||
| San Francisco (City & County of), CA Public Utilities Commission, Series 2023 A, RB |
5.00% | 11/01/2053 | 10 | 10,223 | ||||||||||||
| San Francisco (City & County of), CA Public Utilities Commission (Green Bonds), Series 2023 A, RB |
5.00% | 10/01/2032 | 60 | 68,417 | ||||||||||||
| San Francisco (City & County of), CA Public Utilities Commission (Green Bonds), Series 2023 A, RB |
5.00% | 10/01/2036 | 40 | 44,357 | ||||||||||||
| San Francisco (City & County of), CA Public Utilities Commission (Green Bonds), Series 2023 A, RB |
5.00% | 10/01/2037 | 10 | 10,974 | ||||||||||||
| San Francisco (City & County of), CA Public Utilities Commission (Green Bonds), Series 2023 C, Ref. RB |
5.00% | 11/01/2032 | 250 | 285,294 | ||||||||||||
| San Francisco Bay Area Rapid Transit District (Election of 2016) (Green Bonds), Series 2022, GO Bonds |
5.00% | 08/01/2039 | 190 | 205,981 | ||||||||||||
| San Francisco Bay Area Rapid Transit District (Election of 2016) (Green Bonds), Series 2022, GO Bonds |
5.25% | 08/01/2047 | 90 | 95,780 | ||||||||||||
| San Joaquin Hills Transportation Corridor Agency, Series 2021, Ref. RB |
4.00% | 01/15/2034 | 45 | 45,718 | ||||||||||||
| San Jose (City of), CA Financing Authority (Green bonds), Series 2022 B, RB |
5.00% | 11/01/2047 | 70 | 73,276 | ||||||||||||
| San Leandro Unified School District (Election of 2020), Series 2022 B, GO Bonds |
5.25% | 08/01/2048 | 120 | 124,773 | ||||||||||||
| Santa Clara (County of), CA (Election of 2008), Series 2022 D, Ref. GO Bonds |
5.00% | 08/01/2034 | 40 | 45,233 | ||||||||||||
| Santa Clara (County of), CA Water District (Green Bonds), Series 2022 A, RB |
5.00% | 08/01/2047 | 60 | 63,410 | ||||||||||||
| Santa Clara Valley Transportation Authority, Series 2023 A, Ref. RB |
5.00% | 04/01/2032 | 55 | 62,621 | ||||||||||||
| Santa Clarita Community College District (Election of 2016), Series 2022, GO Bonds |
5.25% | 08/01/2048 | 20 | 21,310 | ||||||||||||
| Santa Rosa High School District (Election of 2022), Series 2023 A, GO Bonds |
5.00% | 08/01/2053 | 155 | 161,325 | ||||||||||||
| South Orange (County of), CA Public Financing Authority (County of Orange Sheriff-Coroner), Series 2022, RB |
5.00% | 06/01/2047 | 15 | 15,641 | ||||||||||||
| State Center Community College District, Series 2022 C, GO Bonds |
5.00% | 08/01/2047 | 10 | 10,354 | ||||||||||||
| University of California, Series 2022 BK, RB |
5.00% | 05/15/2032 | 310 | 347,006 | ||||||||||||
| University of California, Series 2022 BK, RB |
5.00% | 05/15/2052 | 250 | 256,057 | ||||||||||||
| University of California, Series 2022 S, Ref. RB |
5.00% | 05/15/2032 | 30 | 33,541 | ||||||||||||
| University of California, Series 2022 S, Ref. RB |
5.00% | 05/15/2034 | 145 | 160,236 | ||||||||||||
| University of California, Series 2022 S, Ref. RB |
5.00% | 05/15/2035 | 10 | 10,963 | ||||||||||||
| University of California, Series 2022 S, Ref. RB |
5.00% | 05/15/2036 | 15 | 16,281 | ||||||||||||
| University of California, Series 2022 S, Ref. RB |
5.00% | 05/15/2037 | 5 | 5,397 | ||||||||||||
| University of California, Series 2022 S, Ref. RB |
5.00% | 05/15/2038 | 150 | 160,653 | ||||||||||||
| University of California, Series 2023 BM, Ref. RB |
5.00% | 05/15/2032 | 125 | 139,922 | ||||||||||||
| University of California, Series 2023 BN, Ref. RB |
5.00% | 05/15/2032 | 140 | 156,712 | ||||||||||||
| University of California, Series 2024 BS, Ref. RB |
5.00% | 05/15/2032 | 120 | 134,325 | ||||||||||||
| University of California, Series 2024 BV, Ref. RB |
5.00% | 05/15/2032 | 10 | 11,194 | ||||||||||||
| Ventura Unified School District (Election of 2022), Series 2023 A, GO Bonds |
5.00% | 08/01/2046 | 65 | 67,980 | ||||||||||||
| Vista Unified School District, Series 2022 B, GO Bonds, (INS - BAM)(a) |
5.25% | 08/01/2048 | 165 | 172,074 | ||||||||||||
|
|
|
|||||||||||||||
| 16,536,104 | ||||||||||||||||
|
|
|
|||||||||||||||
| Colorado-3.57% |
||||||||||||||||
| Brighton (City of), CO (Water System), Series 2022, RB |
5.00% | 06/01/2052 | 200 | 204,156 | ||||||||||||
| Colorado (State of), Series 2021 A, COP |
5.00% | 12/15/2032 | 55 | 60,543 | ||||||||||||
| Colorado (State of), Series 2022, COP |
6.00% | 12/15/2038 | 185 | 211,494 | ||||||||||||
| Colorado (State of), Series 2022, COP |
6.00% | 12/15/2039 | 115 | 130,647 | ||||||||||||
| Colorado (State of), Series 2022, COP |
6.00% | 12/15/2040 | 100 | 113,135 | ||||||||||||
| Colorado (State of), Series 2022, COP |
6.00% | 12/15/2041 | 60 | 67,195 | ||||||||||||
| Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2022, RB |
5.25% | 11/01/2038 | 25 | 26,356 | ||||||||||||
| Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2022, RB |
5.00% | 11/01/2041 | 45 | 45,937 | ||||||||||||
| Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2022, RB |
5.50% | 11/01/2047 | 250 | 257,860 | ||||||||||||
| Colorado (State of) Health Facilities Authority (Intermountain Healthcare), Series 2022 A, Ref. RB |
5.00% | 05/15/2032 | 80 | 88,390 | ||||||||||||
| Colorado (State of) Health Facilities Authority (Intermountain Healthcare), Series 2022 A, Ref. RB |
5.00% | 05/15/2047 | 90 | 91,134 | ||||||||||||
| Colorado (State of) Health Facilities Authority (Intermountain Healthcare), Series 2022, Ref. RB |
5.00% | 05/15/2052 | 260 | 262,300 | ||||||||||||
| Colorado (State of) Health Facilities Authority (Intermountain Healthcare), Series 2024 A, Ref. RB |
5.00% | 05/15/2034 | 15 | 16,363 | ||||||||||||
| Colorado (State of) Health Facilities Authority (Intermountain Healthcare), Series 2024 A, Ref. RB |
5.00% | 05/15/2037 | 1,000 | 1,069,213 | ||||||||||||
| Denver (City & County of), CO, Series 2022 B, RB |
5.00% | 11/15/2047 | 10 | 10,189 | ||||||||||||
| Denver (City & County of), CO, Series 2022 B, RB |
5.25% | 11/15/2053 | 100 | 102,976 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2032 Municipal Bond ETF (BSMW)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Colorado-(continued) |
||||||||||||||||
| Denver (City & County of), CO, Series 2022 C, Ref. RB |
5.25% | 11/15/2053 | $ | 50 | $ | 51,488 | ||||||||||
| Denver (City & County of), CO, Series 2023, Ref. COP |
5.00% | 12/01/2032 | 30 | 33,532 | ||||||||||||
| Denver (City & County of), CO Board of Water Commissioners (The), Series 2022 A, RB |
5.00% | 12/15/2052 | 250 | 255,265 | ||||||||||||
| Denver City & County School District No. 1, Series 2022 A, GO Bonds |
5.00% | 12/01/2034 | 15 | 16,623 | ||||||||||||
| Denver City & County School District No. 1, Series 2022 A, GO Bonds |
5.00% | 12/01/2038 | 55 | 59,222 | ||||||||||||
| Denver City & County School District No. 1, Series 2022 A, GO Bonds |
5.00% | 12/01/2040 | 50 | 53,216 | ||||||||||||
| Denver City & County School District No. 1, Series 2022 A, GO Bonds |
5.00% | 12/01/2042 | 100 | 104,880 | ||||||||||||
| Denver City & County School District No. 1, Series 2022 A, GO Bonds |
5.00% | 12/01/2045 | 160 | 165,509 | ||||||||||||
| Parker Water & Sanitation District, Series 2012, Ref. GO Bonds |
3.00% | 08/01/2032 | 100 | 94,396 | ||||||||||||
| Weld County School District No. RE-4, Series 2023, GO Bonds |
5.25% | 12/01/2047 | 50 | 52,222 | ||||||||||||
|
|
|
|||||||||||||||
| 3,644,241 | ||||||||||||||||
|
|
|
|||||||||||||||
| Connecticut-1.38% |
||||||||||||||||
| Connecticut (State of), Series 2016 E, GO Bonds |
3.00% | 10/15/2032 | 105 | 100,374 | ||||||||||||
| Connecticut (State of), Series 2021 A, GO Bonds |
3.00% | 01/15/2032 | 75 | 71,748 | ||||||||||||
| Connecticut (State of), Series 2022 A, GO Bonds |
4.00% | 01/15/2032 | 175 | 182,933 | ||||||||||||
| Connecticut (State of), Series 2022 A, GO Bonds |
4.00% | 01/15/2034 | 90 | 92,708 | ||||||||||||
| Connecticut (State of), Series 2022 B, Ref. RB |
5.00% | 07/01/2032 | 50 | 55,860 | ||||||||||||
| Connecticut (State of), Series 2022 E, GO Bonds |
5.00% | 11/15/2032 | 15 | 16,824 | ||||||||||||
| Connecticut (State of), Series 2022 E, GO Bonds |
5.00% | 11/15/2034 | 5 | 5,529 | ||||||||||||
| Connecticut (State of), Series 2022 F, GO Bonds |
5.00% | 11/15/2036 | 125 | 135,817 | ||||||||||||
| Connecticut (State of), Series 2022 F, GO Bonds |
5.00% | 11/15/2040 | 30 | 31,650 | ||||||||||||
| Connecticut (State of), Series 2022 G, Ref. GO Bonds |
5.00% | 11/15/2032 | 10 | 11,216 | ||||||||||||
| Connecticut (State of), Series 2023 A, RB |
5.00% | 07/01/2032 | 20 | 22,344 | ||||||||||||
| Connecticut (State of), Series 2023 B, Ref. GO Bonds |
5.00% | 08/01/2032 | 45 | 50,366 | ||||||||||||
| Connecticut (State of), Series 2023 B, Ref. RB |
5.00% | 07/01/2032 | 50 | 55,860 | ||||||||||||
| Connecticut (State of), Series 2024 A, GO Bonds |
5.00% | 01/15/2032 | 55 | 61,267 | ||||||||||||
| Connecticut (State of), Series 2024 C, Ref. GO Bonds |
5.00% | 03/01/2032 | 10 | 11,153 | ||||||||||||
| Connecticut (State of) (Green Bonds), Series 2022 B, GO Bonds |
4.00% | 01/15/2035 | 85 | 86,892 | ||||||||||||
| Connecticut (State of) (Green Bonds), Series 2022 B, GO Bonds |
4.00% | 01/15/2036 | 15 | 15,212 | ||||||||||||
| Connecticut (State of) (Green Bonds), Series 2022 B, GO Bonds |
4.00% | 01/15/2037 | 50 | 50,289 | ||||||||||||
| Connecticut (State of) (Green Bonds), Series 2022 F, GO Bonds |
5.00% | 11/15/2035 | 30 | 32,909 | ||||||||||||
| Connecticut (State of) (Green Bonds), Series 2022 F, GO Bonds |
5.00% | 11/15/2037 | 45 | 48,427 | ||||||||||||
| Connecticut (State of) (Green Bonds), Series 2022 F, GO Bonds |
5.00% | 11/15/2038 | 80 | 85,383 | ||||||||||||
| Connecticut (State of) (Green Bonds), Series 2022 F, GO Bonds |
5.00% | 11/15/2039 | 65 | 68,808 | ||||||||||||
| Connecticut (State of) (Green Bonds), Series 2022 F, GO Bonds |
5.00% | 11/15/2041 | 20 | 20,972 | ||||||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2022 A, RB |
5.00% | 07/01/2032 | 50 | 55,860 | ||||||||||||
| Connecticut (State of) Health & Educational Facilities Authority, Series 2022 M, Ref. RB |
4.00% | 07/01/2035 | 35 | 34,700 | ||||||||||||
|
|
|
|||||||||||||||
| 1,405,101 | ||||||||||||||||
|
|
|
|||||||||||||||
| Delaware-0.05% |
||||||||||||||||
| Delaware (State of), Series 2022, Ref. GO Bonds |
5.00% | 03/01/2032 | 10 | 11,269 | ||||||||||||
| Delaware (State of), Series 2023 A, GO Bonds |
5.00% | 05/01/2032 | 35 | 39,513 | ||||||||||||
|
|
|
|||||||||||||||
| 50,782 | ||||||||||||||||
|
|
|
|||||||||||||||
| District of Columbia-1.77% |
||||||||||||||||
| District of Columbia, Series 2022 A, RB |
5.00% | 07/01/2032 | 250 | 279,132 | ||||||||||||
| District of Columbia, Series 2022 A, RB |
5.00% | 07/01/2034 | 45 | 49,496 | ||||||||||||
| District of Columbia, Series 2022 A, RB |
5.00% | 07/01/2035 | 145 | 158,397 | ||||||||||||
| District of Columbia, Series 2022 A, RB |
5.00% | 07/01/2036 | 95 | 103,095 | ||||||||||||
| District of Columbia, Series 2022 A, RB |
5.00% | 07/01/2037 | 55 | 59,262 | ||||||||||||
| District of Columbia, Series 2022 A, RB |
5.00% | 07/01/2039 | 60 | 63,472 | ||||||||||||
| District of Columbia, Series 2022 A, RB |
5.00% | 07/01/2040 | 50 | 52,504 | ||||||||||||
| District of Columbia, Series 2022 A, RB |
5.00% | 07/01/2041 | 25 | 26,057 | ||||||||||||
| District of Columbia, Series 2022 A, RB |
5.00% | 07/01/2042 | 140 | 145,070 | ||||||||||||
| District of Columbia, Series 2022 A, RB |
5.00% | 07/01/2047 | 160 | 163,160 | ||||||||||||
| District of Columbia, Series 2022 C, Ref. RB |
5.00% | 12/01/2032 | 10 | 11,199 | ||||||||||||
| District of Columbia, Series 2022 C, Ref. RB |
5.00% | 12/01/2035 | 15 | 16,410 | ||||||||||||
| District of Columbia, Series 2022 C, Ref. RB |
5.00% | 12/01/2036 | 150 | 162,946 | ||||||||||||
| District of Columbia, Series 2022, RB |
5.00% | 07/01/2038 | 20 | 21,322 | ||||||||||||
| District of Columbia, Series 2023 A, GO Bonds |
5.00% | 01/01/2032 | 20 | 22,233 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2032 Municipal Bond ETF (BSMW)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| District of Columbia-(continued) |
||||||||||||||
| District of Columbia, Series 2024 A, GO Bonds |
5.00% | 08/01/2032 | $ | 55 | $ | 61,446 | ||||||||
| District of Columbia Water & Sewer Authority, Series 2022 C1, RB |
5.00% | 10/01/2035 | 155 | 169,552 | ||||||||||
| District of Columbia Water & Sewer Authority (Green Bonds), Series 2022 B, RB |
5.00% | 10/01/2047 | 220 | 223,787 | ||||||||||
| Washington Metropolitan Area Transit Authority (Green Bonds), Series 2021 A, RB |
5.00% | 07/15/2032 | 20 | 21,966 | ||||||||||
|
|
|
|||||||||||||
| 1,810,506 | ||||||||||||||
|
|
|
|||||||||||||
| Florida-4.40% |
||||||||||||||
| Bay County School Board, Series 2022 A, COP, (INS - AGI)(a) |
4.25% | 07/01/2047 | 70 | 65,995 | ||||||||||
| Brevard (County of), FL Health Facilities Authority (Health First Obligated Group), Series 2022 A, Ref. RB |
5.00% | 04/01/2042 | 50 | 50,685 | ||||||||||
| Brevard (County of), FL Health Facilities Authority (Health First Obligated Group), Series 2022 A, Ref. RB |
5.00% | 04/01/2052 | 85 | 82,762 | ||||||||||
| Brevard (County of), FL Health Facilities Authority (Health First Obligated Group), Series 2022, Ref. RB |
5.00% | 04/01/2047 | 250 | 247,024 | ||||||||||
| Broward (County of), FL, Series 2022, RB |
5.00% | 01/01/2047 | 150 | 154,214 | ||||||||||
| Broward (County of), FL School Board, Series 2022 B, COP |
5.00% | 07/01/2035 | 105 | 114,146 | ||||||||||
| Broward (County of), FL School Board, Series 2022 B, COP |
5.00% | 07/01/2036 | 85 | 91,743 | ||||||||||
| Central Florida Expressway Authority, Series 2016 A, Ref. RB |
3.00% | 07/01/2032 | 100 | 95,750 | ||||||||||
| Central Florida Expressway Authority, Series 2021, Ref. RB, (INS - AGI)(a) |
5.00% | 07/01/2032 | 35 | 38,451 | ||||||||||
| Central Florida Expressway Authority, Series 2024 B, RB, (INS - AGI)(a) |
5.00% | 07/01/2032 | 5 | 5,586 | ||||||||||
| Florida (State of), Series 2021 A, Ref. GO Bonds |
5.00% | 06/01/2032 | 80 | 89,855 | ||||||||||
| Florida (State of), Series 2023 A, Ref. GO Bonds |
5.00% | 06/01/2032 | 45 | 50,544 | ||||||||||
| Florida (State of), Series 2024 A, Ref. GO Bonds |
5.00% | 06/01/2032 | 125 | 140,399 | ||||||||||
| Florida (State of) (Right-of-Way Acquisition), Series 2021 B, Ref. GO Bonds |
5.00% | 07/01/2032 | 50 | 56,232 | ||||||||||
| Florida (State of) Department of Transportation, Series 2022, RB |
5.00% | 07/01/2052 | 100 | 101,426 | ||||||||||
| Florida (State of) Municipal Power Agency, Series 2021 A, RB |
3.00% | 10/01/2032 | 15 | 14,115 | ||||||||||
| Fort Lauderdale (City of), FL, Series 2023 A, RB |
5.00% | 07/01/2053 | 100 | 102,503 | ||||||||||
| Jacksonville (City of), FL, Series 2015, Ref. RB |
3.25% | 10/01/2032 | 100 | 98,198 | ||||||||||
| Jacksonville (City of), FL, Series 2023 A, Ref. RB |
5.00% | 10/01/2032 | 100 | 111,646 | ||||||||||
| JEA Electric System, Third Series 2024 A, Ref. RB, (INS - AGI)(a) |
5.00% | 10/01/2032 | 30 | 33,494 | ||||||||||
| Manatee (County of), FL, Series 2022, Ref. RB |
5.25% | 10/01/2047 | 75 | 79,026 | ||||||||||
| Miami-Dade (County of), FL, Series 2022 A, RB |
5.00% | 04/01/2046 | 100 | 102,379 | ||||||||||
| Miami-Dade (County of), FL, Series 2024 B, RB |
5.00% | 10/01/2032 | 50 | 56,031 | ||||||||||
| Miami-Dade (County of), FL Transit System, Series 2022, RB |
5.00% | 07/01/2043 | 30 | 30,863 | ||||||||||
| Miami-Dade (County of), FL Transit System, Series 2022, RB |
5.00% | 07/01/2046 | 10 | 10,158 | ||||||||||
| Miami-Dade (County of), FL Transit System, Series 2022, RB |
5.00% | 07/01/2047 | 25 | 25,285 | ||||||||||
| Miami-Dade (County of), FL Transit System, Series 2022, RB |
5.00% | 07/01/2048 | 195 | 196,923 | ||||||||||
| Miami-Dade (County of), FL Transit System, Series 2022, RB |
5.00% | 07/01/2049 | 555 | 559,673 | ||||||||||
| Miami-Dade (County of), FL Transit System, Series 2022, RB |
5.00% | 07/01/2051 | 10 | 10,049 | ||||||||||
| Miami-Dade (County of), FL Transit System, Series 2022, RB |
5.00% | 07/01/2052 | 55 | 55,227 | ||||||||||
| Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group), Series 2023 A, RB |
5.00% | 10/01/2032 | 160 | 176,435 | ||||||||||
| Orange (County of), FL School Board, Series 2021 A, Ref. COP |
5.00% | 08/01/2032 | 40 | 44,256 | ||||||||||
| Palm Beach County School District, Series 2022 B, COP |
5.25% | 08/01/2035 | 95 | 105,037 | ||||||||||
| Palm Beach County School District, Series 2022 B, COP |
5.25% | 08/01/2036 | 75 | 82,275 | ||||||||||
| Palm Beach County School District, Series 2022 B, COP |
5.25% | 08/01/2038 | 50 | 53,858 | ||||||||||
| Palm Beach County School District, Series 2022 B, COP |
5.25% | 08/01/2040 | 50 | 53,235 | ||||||||||
| Pasco (County of), FL School Board, Series 2021 A, Ref. COP |
5.00% | 08/01/2032 | 15 | 16,576 | ||||||||||
| Sarasota (County of), FL, Series 2022, RB |
5.25% | 10/01/2047 | 25 | 26,061 | ||||||||||
| Sarasota (County of), FL, Series 2022, RB |
5.25% | 10/01/2052 | 135 | 139,782 | ||||||||||
| Sarasota (County of), FL Public Hospital District (Sarasota Memorial Hospital), Series 2022, RB |
5.00% | 07/01/2052 | 100 | 100,216 | ||||||||||
| Seminole (County of), FL, Series 2022, Ref. RB |
5.00% | 10/01/2052 | 5 | 5,082 | ||||||||||
| St. Johns (County of), FL, Series 2022, RB |
5.00% | 06/01/2052 | 250 | 257,099 | ||||||||||
| Tallahassee (City of), FL, Series 2024, RB |
5.00% | 10/01/2049 | 10 | 10,219 | ||||||||||
| Tampa (City of), FL (Green Bonds), Series 2022 A, RB |
5.00% | 10/01/2052 | 100 | 102,881 | ||||||||||
| Tampa (City of), FL (Green Bonds), Series 2022 A, RB |
5.25% | 10/01/2057 | 100 | 103,978 | ||||||||||
| Tampa Bay (City of), FL Water (Green Bonds), Series 2022, RB |
5.00% | 10/01/2052 | 200 | 203,888 | ||||||||||
| Tolomato Community Development District, Series 2022 A, RB, (INS - AGI)(a) |
4.00% | 05/01/2040 | 160 | 148,294 | ||||||||||
|
|
|
|||||||||||||
| 4,499,554 | ||||||||||||||
|
|
|
|||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2032 Municipal Bond ETF (BSMW)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Georgia-2.19% |
||||||||||||||
| Atlanta (City of), GA, Series 2022 C, RB |
5.00% | 07/01/2041 | $ | 20 | $ | 20,969 | ||||||||
| Atlanta (City of), GA, Series 2022 C, RB |
5.00% | 07/01/2042 | 95 | 99,004 | ||||||||||
| Atlanta (City of), GA (Social Bonds), Series 2022 A-1, GO Bonds |
5.00% | 12/01/2034 | 55 | 61,116 | ||||||||||
| Atlanta (City of), GA (Social Bonds), Series 2022 A-1, GO Bonds |
5.00% | 12/01/2036 | 155 | 169,866 | ||||||||||
| Atlanta (City of), GA (Social Bonds), Series 2022 A-1, GO Bonds |
5.00% | 12/01/2038 | 30 | 32,344 | ||||||||||
| Atlanta (City of), GA (Social Bonds), Series 2022 A-1, GO Bonds |
5.00% | 12/01/2039 | 35 | 37,495 | ||||||||||
| Atlanta (City of), GA (Social Bonds), Series 2022 A-1, Ref. GO Bonds |
5.00% | 12/01/2035 | 20 | 22,075 | ||||||||||
| Atlanta (City of), GA Department of Aviation, Series 2022 A, RB |
5.00% | 07/01/2047 | 150 | 153,254 | ||||||||||
| DeKalb (County of), GA, Series 2022, Ref. RB |
5.00% | 10/01/2032 | 40 | 44,797 | ||||||||||
| DeKalb (County of), GA, Series 2022, Ref. RB |
5.00% | 10/01/2034 | 40 | 44,215 | ||||||||||
| DeKalb (County of), GA, Series 2022, Ref. RB |
5.00% | 10/01/2035 | 20 | 21,963 | ||||||||||
| DeKalb (County of), GA, Series 2022, Ref. RB |
5.00% | 10/01/2036 | 65 | 70,757 | ||||||||||
| DeKalb (County of), GA, Series 2022, Ref. RB |
5.00% | 10/01/2038 | 105 | 112,670 | ||||||||||
| DeKalb (County of), GA, Series 2022, Ref. RB |
5.00% | 10/01/2039 | 15 | 15,996 | ||||||||||
| DeKalb (County of), GA, Series 2022, Ref. RB |
5.00% | 10/01/2040 | 70 | 74,332 | ||||||||||
| DeKalb (County of), GA, Series 2022, Ref. RB |
5.00% | 10/01/2041 | 10 | 10,550 | ||||||||||
| Georgia (State of), Series 2022 A, GO Bonds |
5.00% | 07/01/2034 | 25 | 27,865 | ||||||||||
| Georgia (State of), Series 2022 A, GO Bonds |
5.00% | 07/01/2036 | 10 | 11,003 | ||||||||||
| Georgia (State of), Series 2023 C, Ref. GO Bonds |
5.00% | 01/01/2032 | 30 | 33,691 | ||||||||||
| Georgia (State of) (Bid Group 1), Series 2022 A, GO Bonds |
5.00% | 07/01/2032 | 30 | 33,861 | ||||||||||
| Georgia (State of) (Bidding Group 1), Series 2021 A, Ref. GO Bonds |
5.00% | 07/01/2032 | 140 | 155,696 | ||||||||||
| Georgia (State of) (Bidding Group 1), Series 2023 A, GO Bonds |
5.00% | 07/01/2032 | 50 | 56,436 | ||||||||||
| Georgia (State of) (Bidding Group 3), Series 2022 C, Ref. GO Bonds |
5.00% | 07/01/2032 | 65 | 73,366 | ||||||||||
| Georgia (State of) Municipal Electric Authority, Series 2021 A, Ref. RB |
5.00% | 01/01/2034 | 55 | 59,570 | ||||||||||
| Georgia (State of) Municipal Electric Authority, Series 2021, Ref. RB |
5.00% | 01/01/2046 | 60 | 60,837 | ||||||||||
| Georgia (State of) Ports Authority, Series 2022, RB |
5.00% | 07/01/2036 | 25 | 27,277 | ||||||||||
| Georgia (State of) Ports Authority, Series 2022, RB |
5.00% | 07/01/2041 | 65 | 68,392 | ||||||||||
| Georgia (State of) Ports Authority, Series 2022, RB |
5.00% | 07/01/2042 | 15 | 15,679 | ||||||||||
| Georgia (State of) Ports Authority, Series 2022, RB |
5.00% | 07/01/2047 | 80 | 81,978 | ||||||||||
| Georgia (State of) Ports Authority, Series 2022, RB |
5.25% | 07/01/2052 | 300 | 310,583 | ||||||||||
| Metropolitan Atlanta Rapid Transit Authority (Green Bonds), Series 2023 B, RB |
5.00% | 07/01/2032 | 15 | 16,829 | ||||||||||
| Private Colleges & Universities Authority (Emory University), Series 2022 A, Ref. RB |
5.00% | 09/01/2032 | 190 | 212,788 | ||||||||||
|
|
|
|||||||||||||
| 2,237,254 | ||||||||||||||
|
|
|
|||||||||||||
| Hawaii-0.07% |
||||||||||||||
| Hawaii (State of), Series 2016 FB, GO Bonds |
3.00% | 04/01/2032 | 50 | 47,843 | ||||||||||
| Honolulu (City & County of), HI (Green Bonds), Series 2022 A, RB |
4.13% | 07/01/2047 | 25 | 23,230 | ||||||||||
|
|
|
|||||||||||||
| 71,073 | ||||||||||||||
|
|
|
|||||||||||||
| Idaho-0.21% |
||||||||||||||
| Idaho (State of) Housing & Finance Association, Series 2022, RB |
5.00% | 08/15/2047 | 210 | 215,352 | ||||||||||
|
|
|
|||||||||||||
| Illinois-6.05% |
||||||||||||||
| Chicago (City of), IL, Series 2021 A, Ref. GO Bonds |
5.00% | 01/01/2032 | 125 | 130,519 | ||||||||||
| Chicago (City of), IL, Series 2023 A, RB, (INS - AGI)(a) |
5.25% | 01/01/2048 | 150 | 154,868 | ||||||||||
| Chicago (City of), IL, Series 2023 B, Ref. RB, (INS - AGI)(a) |
5.00% | 01/01/2032 | 205 | 225,583 | ||||||||||
| Chicago (City of), IL, Series 2023 B, Ref. RB, (INS - AGI)(a) |
5.00% | 11/01/2035 | 230 | 246,277 | ||||||||||
| Chicago (City of), IL, Series 2023 B, Ref. RB, (INS - AGI)(a) |
5.00% | 01/01/2036 | 100 | 107,034 | ||||||||||
| Chicago (City of), IL, Series 2023 B, Ref. RB, (INS - AGI)(a) |
5.00% | 11/01/2036 | 45 | 47,841 | ||||||||||
| Chicago (City of), IL, Series 2023 B, Ref. RB, (INS - AGI)(a) |
5.00% | 11/01/2037 | 30 | 31,628 | ||||||||||
| Chicago (City of), IL, Series 2023 B, Ref. RB, (INS - AGI)(a) |
5.00% | 11/01/2038 | 45 | 47,099 | ||||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2022, Ref. RB |
5.00% | 01/01/2040 | 15 | 15,617 | ||||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2022, Ref. RB |
5.00% | 01/01/2041 | 70 | 72,328 | ||||||||||
| Chicago (City of), IL Metropolitan Water Reclamation District, Series 2007 C, Ref. GO Bonds |
5.25% | 12/01/2032 | 60 | 68,357 | ||||||||||
| Chicago (City of), IL Midway International Airport, Series 2023 B, Ref. RB, (INS - BAM)(a) |
5.00% | 01/01/2032 | 5 | 5,536 | ||||||||||
| Cook (County of), IL, Series 2022 A, Ref. RB |
5.25% | 11/15/2045 | 150 | 154,802 | ||||||||||
| Cook (County of), IL, Series 2024, Ref. RB |
5.00% | 11/15/2042 | 15 | 15,379 | ||||||||||
| Illinois (State of), Series 2016 D, Ref. RB |
3.00% | 06/15/2032 | 45 | 41,323 | ||||||||||
| Illinois (State of), Series 2021 B, GO Bonds |
5.00% | 12/01/2032 | 40 | 42,806 | ||||||||||
| Illinois (State of), Series 2022 A, GO Bonds |
5.00% | 03/01/2032 | 80 | 86,108 | ||||||||||
| Illinois (State of), Series 2022 A, GO Bonds |
5.00% | 03/01/2034 | 50 | 53,279 | ||||||||||
| Illinois (State of), Series 2022 A, GO Bonds |
5.00% | 03/01/2035 | 60 | 63,582 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2032 Municipal Bond ETF (BSMW)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Illinois-(continued) |
||||||||||||||
| Illinois (State of), Series 2022 A, GO Bonds |
5.25% | 03/01/2038 | $ | 260 | $ | 274,187 | ||||||||
| Illinois (State of), Series 2022 A, GO Bonds |
5.50% | 03/01/2042 | 150 | 156,963 | ||||||||||
| Illinois (State of), Series 2022 A, GO Bonds |
5.50% | 03/01/2047 | 75 | 76,918 | ||||||||||
| Illinois (State of), Series 2022 B, GO Bonds |
5.00% | 10/01/2034 | 35 | 37,339 | ||||||||||
| Illinois (State of), Series 2022 B, GO Bonds |
5.25% | 10/01/2035 | 150 | 161,573 | ||||||||||
| Illinois (State of), Series 2022 C, GO Bonds |
5.00% | 10/01/2038 | 5 | 5,201 | ||||||||||
| Illinois (State of), Series 2023 B, GO Bonds |
5.00% | 05/01/2032 | 225 | 242,368 | ||||||||||
| Illinois (State of), Series 2023 B, GO Bonds |
5.00% | 12/01/2032 | 60 | 64,771 | ||||||||||
| Illinois (State of), Series 2023 B, GO Bonds |
5.00% | 05/01/2035 | 75 | 79,501 | ||||||||||
| Illinois (State of), Series 2023 B, GO Bonds |
5.00% | 05/01/2036 | 100 | 105,310 | ||||||||||
| Illinois (State of), Series 2023 B, GO Bonds |
5.00% | 05/01/2037 | 65 | 67,958 | ||||||||||
| Illinois (State of), Series 2023 B, GO Bonds |
5.25% | 05/01/2038 | 75 | 79,086 | ||||||||||
| Illinois (State of), Series 2023 B, GO Bonds |
5.25% | 05/01/2040 | 25 | 26,016 | ||||||||||
| Illinois (State of), Series 2023 B, GO Bonds |
5.25% | 05/01/2041 | 15 | 15,569 | ||||||||||
| Illinois (State of), Series 2023 B, GO Bonds |
5.50% | 05/01/2047 | 200 | 205,016 | ||||||||||
| Illinois (State of), Series 2023 D, Ref. GO Bonds |
5.00% | 07/01/2032 | 10 | 10,779 | ||||||||||
| Illinois (State of), Series 2023 D, Ref. GO Bonds |
5.00% | 07/01/2034 | 145 | 154,634 | ||||||||||
| Illinois (State of), Series 2023 D, Ref. GO Bonds |
5.00% | 07/01/2035 | 105 | 111,316 | ||||||||||
| Illinois (State of), Series 2023 D, Ref. GO Bonds |
5.00% | 07/01/2036 | 270 | 284,300 | ||||||||||
| Illinois (State of), Series 2024 A, RB |
5.00% | 06/15/2032 | 80 | 87,025 | ||||||||||
| Illinois (State of), Series 2024 B, GO Bonds |
5.00% | 05/01/2032 | 10 | 10,772 | ||||||||||
| Illinois (State of) Finance Authority (Northshore - Edward-Elmhurst Health Credit Group), Series 2022 A, Ref. RB |
5.00% | 08/15/2038 | 15 | 15,697 | ||||||||||
| Illinois (State of) Finance Authority (Northshore - Edward-Elmhurst Health Credit Group), Series 2022 A, Ref. RB |
5.00% | 08/15/2039 | 35 | 36,405 | ||||||||||
| Illinois (State of) Finance Authority (Northshore Edward Elmhurst Health Credit Group), Series 2022 A, Ref. RB |
5.00% | 08/15/2047 | 340 | 341,209 | ||||||||||
| Illinois (State of) Finance Authority (Northshore Edward Elmhurst Health Credit Group), Series 2022 A, Ref. RB |
5.00% | 08/15/2051 | 405 | 405,006 | ||||||||||
| Illinois (State of) Finance Authority (The University of Chicago), Series 2024 A, Ref. RB |
5.00% | 04/01/2032 | 25 | 27,547 | ||||||||||
| Illinois (State of) Finance Authority (University of Chicago Medical), Series 2021 A, Ref. RB |
5.00% | 10/01/2032 | 30 | 33,164 | ||||||||||
| Illinois (State of) Finance Authority (University of Chicago Medical), Series 2022 A, RB |
5.00% | 08/15/2047 | 315 | 313,238 | ||||||||||
| Illinois (State of) Finance Authority (University of Chicago Medical), Series 2022 A, RB |
5.00% | 08/15/2052 | 245 | 238,969 | ||||||||||
| Illinois (State of) Toll Highway Authority, Series 2021 A, RB |
5.00% | 01/01/2041 | 30 | 31,091 | ||||||||||
| Illinois (State of) Toll Highway Authority, Series 2021 A, RB |
5.00% | 01/01/2043 | 120 | 122,257 | ||||||||||
| Illinois (State of) Toll Highway Authority, Series 2021 A, RB |
5.00% | 01/01/2046 | 545 | 551,283 | ||||||||||
| Sales Tax Securitization Corp., Series 2021 A, Ref. RB |
5.00% | 01/01/2032 | 165 | 179,530 | ||||||||||
| Sales Tax Securitization Corp., Series 2023 C, Ref. RB |
5.00% | 01/01/2032 | 15 | 16,450 | ||||||||||
|
|
|
|||||||||||||
| 6,178,414 | ||||||||||||||
|
|
|
|||||||||||||
| Indiana-0.88% |
||||||||||||||
| Greater Clark Building Corp., Series 2022, RB, (CEP - Colorado Higher Education Intercept Program) |
6.00% | 01/15/2042 | 5 | 5,487 | ||||||||||
| Indiana (State of) Finance Authority (Green Bonds), Series 2022, RB |
5.00% | 02/01/2034 | 30 | 33,142 | ||||||||||
| Indiana (State of) Finance Authority (Green Bonds), Series 2022, RB |
5.00% | 02/01/2035 | 65 | 71,408 | ||||||||||
| Indiana (State of) Finance Authority (Green Bonds), Series 2022, RB |
5.00% | 02/01/2036 | 50 | 54,583 | ||||||||||
| Indiana (State of) Finance Authority (Green Bonds), Series 2022, RB |
5.00% | 02/01/2037 | 80 | 86,767 | ||||||||||
| Indiana (State of) Finance Authority (Green Bonds), Series 2022, RB |
5.00% | 02/01/2038 | 10 | 10,760 | ||||||||||
| Indiana (State of) Finance Authority (Stadium), Series 2022 A, Ref. RB |
5.00% | 02/01/2032 | 15 | 16,441 | ||||||||||
| Indiana (State of) Finance Authority (Stadium), Series 2022 A, Ref. RB |
4.00% | 02/01/2034 | 55 | 55,826 | ||||||||||
| Indiana (State of) Finance Authority (Stadium), Series 2022 A, Ref. RB |
5.00% | 02/01/2035 | 120 | 130,188 | ||||||||||
| Indiana (State of) Finance Authority (Stadium), Series 2022 A, Ref. RB |
4.00% | 02/01/2036 | 85 | 84,852 | ||||||||||
| Indianapolis Local Public Improvement Bond Bank, Series 2022, RB |
5.00% | 01/01/2053 | 185 | 185,297 | ||||||||||
| IPS Multi-School Building Corp. (Social Bonds), Series 2023, RB, (CEP - Colorado Higher Education Intercept Program) |
5.25% | 07/15/2041 | 20 | 20,906 | ||||||||||
| Merrillville Multi School Building Corp., Series 2022, RB, (CEP - Colorado Higher Education Intercept Program) |
5.00% | 01/15/2042 | 135 | 140,391 | ||||||||||
|
|
|
|||||||||||||
| 896,048 | ||||||||||||||
|
|
|
|||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2032 Municipal Bond ETF (BSMW)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Iowa-0.39% |
||||||||||||||
| Iowa (State of) Finance Authority (Green Bonds), Series 2022, Ref. RB |
5.00% | 08/01/2047 | $ | 80 | $ | 82,765 | ||||||||
| Iowa (State of) Finance Authority (Iowa Fertilizer Co.), Series 2022, Ref. RB(b)(c) |
5.00% | 12/01/2032 | 280 | 314,953 | ||||||||||
|
|
|
|||||||||||||
| 397,718 | ||||||||||||||
|
|
|
|||||||||||||
| Kansas-0.02% |
||||||||||||||
| Wyandotte County Unified School District No. 203 (Piper), Series 2022 A, Ref. GO Bonds, (INS - AGI)(a) |
5.25% | 09/01/2052 | 25 | 25,616 | ||||||||||
|
|
|
|||||||||||||
| Kentucky-0.31% |
||||||||||||||
| Kentucky (Commonwealth of) Property & Building Commission (No. 131), Series 2024 A, RB |
5.00% | 10/01/2032 | 15 | 16,582 | ||||||||||
| Kentucky (Commonwealth of) Turnpike Authority (Revitalization), Series 2022, Ref. RB |
5.00% | 07/01/2032 | 110 | 120,717 | ||||||||||
| Louisville (City of) & Jefferson (County of), KY Metropolitan Government (UOFL Health), Series 2022 A, RB, (INS - AGI)(a) |
5.00% | 05/15/2047 | 100 | 99,543 | ||||||||||
| Scott County School District Finance Corp., Series 2022, RB, (INS - BAM)(a) |
5.00% | 09/01/2041 | 75 | 77,763 | ||||||||||
|
|
|
|||||||||||||
| 314,605 | ||||||||||||||
|
|
|
|||||||||||||
| Louisiana-0.55% |
||||||||||||||
| Louisiana (State of), Series 2022 A, GO Bonds |
4.00% | 04/01/2039 | 50 | 48,467 | ||||||||||
| Louisiana (State of), Series 2024 E, GO Bonds |
5.00% | 09/01/2032 | 65 | 72,796 | ||||||||||
| Louisiana (State of) (Garvee), Series 2023, RB |
5.00% | 09/01/2032 | 90 | 100,054 | ||||||||||
| Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Westlake Chemical Corp.), Series 2007, Ref. RB |
3.50% | 11/01/2032 | 225 | 213,449 | ||||||||||
| Louisiana (State of) Public Facilities Authority (Tulane University of Louisiana), Series 2023 A, Ref. RB |
5.00% | 10/15/2036 | 35 | 37,509 | ||||||||||
| Louisiana (State of) Public Facilities Authority (Tulane University of Louisiana), Series 2023 A, Ref. RB |
5.00% | 10/15/2048 | 35 | 35,385 | ||||||||||
| Louisiana (State of) Public Facilities Authority (Tulane University of Louisiana), Series 2023, Ref. RB |
5.00% | 10/15/2037 | 10 | 10,629 | ||||||||||
| Louisiana (State of) Public Facilities Authority (Tulane University of Louisiana), Series 2023, Ref. RB |
5.00% | 10/15/2052 | 40 | 40,180 | ||||||||||
|
|
|
|||||||||||||
| 558,469 | ||||||||||||||
|
|
|
|||||||||||||
| Maryland-1.42% |
||||||||||||||
| Baltimore (County of), MD, Series 2022, GO Bonds |
4.00% | 03/01/2041 | 80 | 77,792 | ||||||||||
| Maryland (State of), First Series 2022 A, GO Bonds |
5.00% | 06/01/2035 | 135 | 148,129 | ||||||||||
| Maryland (State of), First Series 2022 A, GO Bonds |
5.00% | 06/01/2036 | 50 | 54,507 | ||||||||||
| Maryland (State of), First Series 2022 A, GO Bonds |
5.00% | 06/01/2037 | 5 | 5,413 | ||||||||||
| Maryland (State of), Series 2017 A, GO Bonds |
3.25% | 03/15/2032 | 75 | 74,069 | ||||||||||
| Maryland (State of), Series 2022 A, GO Bonds |
5.00% | 06/01/2032 | 130 | 146,364 | ||||||||||
| Maryland (State of) (Bidding Group 1), Series 2023 A, GO Bonds |
5.00% | 03/15/2032 | 25 | 28,087 | ||||||||||
| Maryland (State of) (Bidding Group 1), Series 2024, GO Bonds |
5.00% | 06/01/2032 | 10 | 11,259 | ||||||||||
| Maryland (State of) (Bidding Group 2), Second Series 2019 A, GO Bonds |
2.00% | 08/01/2032 | 95 | 82,914 | ||||||||||
| Maryland (State of) (Bidding Group 2), Second Series 2021 A, GO Bonds |
5.00% | 08/01/2032 | 120 | 132,497 | ||||||||||
| Maryland (State of) (Bidding Group 2), Series 2021 A, GO Bonds |
5.00% | 03/01/2032 | 225 | 247,421 | ||||||||||
| Maryland (State of) (Bidding Group 2), Series 2022 A, GO Bonds |
5.00% | 06/01/2034 | 70 | 77,518 | ||||||||||
| Maryland (State of) Department of Transportation, Series 2017, RB |
3.25% | 05/01/2032 | 15 | 14,664 | ||||||||||
| Maryland (State of) Department of Transportation, Series 2021 A, RB |
3.00% | 10/01/2032 | 180 | 172,315 | ||||||||||
| Maryland (State of) Stadium Authority, Series 2022 A, RB |
4.00% | 06/01/2047 | 10 | 8,875 | ||||||||||
| Maryland (State of) Transportation Authority, Series 2021 A, Ref. RB |
3.00% | 07/01/2032 | 50 | 48,063 | ||||||||||
| Prince George’s (County of), MD, Series 2021 A, GO Bonds |
4.00% | 07/01/2032 | 80 | 83,417 | ||||||||||
| Prince George’s (County of), MD, Series 2022 A, GO Bonds |
5.00% | 07/01/2032 | 15 | 16,900 | ||||||||||
| Prince George’s (County of), MD, Series 2022 A, GO Bonds |
5.00% | 07/01/2034 | 10 | 11,079 | ||||||||||
| Prince George’s (County of), MD, Series 2022 A, GO Bonds |
5.00% | 07/01/2036 | 5 | 5,452 | ||||||||||
|
|
|
|||||||||||||
| 1,446,735 | ||||||||||||||
|
|
|
|||||||||||||
| Massachusetts-3.43% |
||||||||||||||
| Boston (City of), MA, Series 2022 A, GO Bonds |
5.00% | 11/01/2034 | 20 | 22,423 | ||||||||||
| Boston (City of), MA, Series 2022 A, GO Bonds |
5.00% | 11/01/2035 | 5 | 5,569 | ||||||||||
| Boston (City of), MA, Series 2022 A, GO Bonds |
5.00% | 11/01/2040 | 10 | 10,771 | ||||||||||
| Boston (City of), MA, Series 2022, GO Bonds |
5.00% | 11/01/2041 | 5 | 5,350 | ||||||||||
| Boston (City of), MA, Series 2023 A, GO Bonds |
5.00% | 11/01/2032 | 55 | 62,450 | ||||||||||
| Massachusetts (Commonwealth of), Series 2018 C, Ref. GO Bonds |
5.00% | 09/01/2032 | 150 | 168,923 | ||||||||||
| Massachusetts (Commonwealth of), Series 2022 A, GO Bonds |
4.00% | 02/01/2034 | 25 | 25,768 | ||||||||||
| Massachusetts (Commonwealth of), Series 2022 A-1, Ref. RB |
5.00% | 07/01/2037 | 15 | 16,298 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2032 Municipal Bond ETF (BSMW)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Massachusetts-(continued) |
||||||||||||||
| Massachusetts (Commonwealth of), Series 2022 C, GO Bonds |
5.00% | 10/01/2032 | $ | 200 | $ | 225,380 | ||||||||
| Massachusetts (Commonwealth of), Series 2022 C, GO Bonds |
5.00% | 10/01/2034 | 80 | 88,539 | ||||||||||
| Massachusetts (Commonwealth of), Series 2022 C, GO Bonds |
5.00% | 10/01/2035 | 35 | 38,363 | ||||||||||
| Massachusetts (Commonwealth of), Series 2022 C, GO Bonds |
5.00% | 10/01/2036 | 125 | 135,902 | ||||||||||
| Massachusetts (Commonwealth of), Series 2022 C, GO Bonds |
5.00% | 10/01/2038 | 115 | 123,021 | ||||||||||
| Massachusetts (Commonwealth of), Series 2022 C, GO Bonds |
5.00% | 10/01/2039 | 5 | 5,316 | ||||||||||
| Massachusetts (Commonwealth of), Series 2022 C, GO Bonds |
5.00% | 10/01/2040 | 110 | 116,449 | ||||||||||
| Massachusetts (Commonwealth of), Series 2022 C, GO Bonds |
5.25% | 10/01/2047 | 255 | 267,034 | ||||||||||
| Massachusetts (Commonwealth of), Series 2022 C, GO Bonds |
5.00% | 10/01/2052 | 225 | 228,035 | ||||||||||
| Massachusetts (Commonwealth of), Series 2022 C, GO Bonds |
5.25% | 10/01/2052 | 330 | 343,018 | ||||||||||
| Massachusetts (Commonwealth of), Series 2022 E, GO Bonds |
5.00% | 11/01/2047 | 90 | 91,917 | ||||||||||
| Massachusetts (Commonwealth of), Series 2022 E, GO Bonds |
5.00% | 11/01/2048 | 130 | 132,566 | ||||||||||
| Massachusetts (Commonwealth of), Series 2022 E, GO Bonds |
5.00% | 11/01/2052 | 430 | 435,865 | ||||||||||
| Massachusetts (Commonwealth of), Series 2023 A, GO Bonds |
5.00% | 05/01/2032 | 10 | 11,229 | ||||||||||
| Massachusetts (Commonwealth of), Series 2024 B, Ref. GO Bonds |
5.00% | 11/01/2032 | 150 | 169,148 | ||||||||||
| Massachusetts (Commonwealth of), Series 2024 C, GO Bonds |
5.00% | 08/01/2032 | 5 | 5,627 | ||||||||||
| Massachusetts (Commonwealth of) (Rail Enhancement Program), Series 2022 B, RB |
5.00% | 06/01/2052 | 105 | 106,680 | ||||||||||
| Massachusetts (Commonwealth of) Development Finance Agency, Series 2022, Ref. RB |
5.00% | 10/01/2040 | 35 | 36,858 | ||||||||||
| Massachusetts (Commonwealth of) Development Finance Agency, Series 2023, RB |
5.00% | 07/01/2032 | 215 | 232,535 | ||||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Green Bonds) (Harvard University), Series 2022, RB |
5.00% | 11/15/2032 | 110 | 122,220 | ||||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Merrimack College), Series 2022, RB |
5.00% | 07/01/2052 | 55 | 51,158 | ||||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Northern University), Series 2022, Ref. RB |
5.00% | 10/01/2035 | 5 | 5,486 | ||||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Northern University), Series 2022, Ref. RB |
5.00% | 10/01/2039 | 10 | 10,583 | ||||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Northern University), Series 2022, Ref. RB |
5.00% | 10/01/2044 | 130 | 133,725 | ||||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Springfield College), Series 2022, Ref. RB |
5.00% | 10/01/2038 | 15 | 15,977 | ||||||||||
| Massachusetts (Commonwealth of) Health & Educational Facilities Authority (Massachusetts Institute of Technology), Series 2002 K, RB |
5.50% | 07/01/2032 | 30 | 34,958 | ||||||||||
| Quincy (City of), MA, Series 2022 B, GO Bonds |
5.00% | 07/01/2047 | 20 | 20,617 | ||||||||||
|
|
|
|||||||||||||
| 3,505,758 | ||||||||||||||
|
|
|
|||||||||||||
| Michigan-1.04% |
||||||||||||||
| Detroit City School District, Series 2005 A, Ref. GO Bonds, (INS - AGI)(a) |
5.25% | 05/01/2032 | 45 | 49,836 | ||||||||||
| Great Lakes Water Authority, Series 2022 B, RB |
5.25% | 07/01/2047 | 165 | 170,822 | ||||||||||
| Great Lakes Water Authority, Series 2024 A, Ref. RB |
5.00% | 07/01/2032 | 20 | 22,384 | ||||||||||
| Michigan (State of), Series 2018, GO Bonds |
3.25% | 05/01/2032 | 30 | 29,870 | ||||||||||
| Michigan (State of), Series 2021 A, RB |
5.00% | 11/15/2032 | 25 | 27,735 | ||||||||||
| Michigan (State of), Series 2023, RB |
5.00% | 11/15/2032 | 35 | 39,454 | ||||||||||
| Michigan (State of) Building Authority (Facilities Program), Series 2022 I, RB |
5.00% | 10/15/2047 | 15 | 15,266 | ||||||||||
| Michigan (State of) Building Authority (Facilities Program), Series 2022 I, RB |
5.25% | 10/15/2057 | 150 | 153,640 | ||||||||||
| Michigan (State of) Finance Authority (Beaumont Health Credit Group), Series 2022, Ref. RB |
5.00% | 04/15/2032 | 30 | 32,912 | ||||||||||
| Michigan (State of) Finance Authority (Beaumont Health Credit Group), Series 2022, Ref. RB |
5.00% | 04/15/2036 | 75 | 80,021 | ||||||||||
| Michigan (State of) Finance Authority (Beaumont Health Credit Group), Series 2022, Ref. RB |
5.00% | 04/15/2037 | 30 | 31,739 | ||||||||||
| Michigan (State of) Finance Authority (Beaumont Health Credit Group), Series 2022, Ref. RB |
4.00% | 04/15/2038 | 270 | 259,098 | ||||||||||
| Michigan (State of) Finance Authority (Beaumont Health Credit Group), Series 2022, Ref. RB |
5.00% | 04/15/2038 | 40 | 41,975 | ||||||||||
| Michigan (State of) Finance Authority (Trinity Health Credit Group), Series 2022 A, RB |
5.00% | 12/01/2032 | 100 | 109,076 | ||||||||||
|
|
|
|||||||||||||
| 1,063,828 | ||||||||||||||
|
|
|
|||||||||||||
| Minnesota-1.32% |
||||||||||||||
| Duluth (City of), MN Economic Development Authority (St. Luke’s Hospital of Duluth), Series 2022 B, RB |
5.25% | 06/15/2052 | 535 | 542,233 | ||||||||||
| Minneapolis & St. Paul (Cities of), MN Metropolitan Airports Commission, Series 2022 A, Ref. RB |
5.00% | 01/01/2052 | 10 | 10,045 | ||||||||||
| Minnesota (State of), Series 2021 A, GO Bonds |
5.00% | 09/01/2032 | 80 | 88,719 | ||||||||||
| Minnesota (State of), Series 2023 E, Ref. GO Bonds |
5.00% | 08/01/2032 | 50 | 56,510 | ||||||||||
| Minnesota (State of), Series 2023, COP |
5.00% | 11/01/2032 | 10 | 11,227 | ||||||||||
| Minnesota (State of), Series 2024 A, GO Bonds |
5.00% | 08/01/2032 | 185 | 208,706 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2032 Municipal Bond ETF (BSMW)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Minnesota-(continued) |
||||||||||||||
| Osseo Independent School District No. 279, Series 2024 A, GO Bonds, (CEP - Ohio School District) |
5.00% | 02/01/2035 | $ | 150 | $ | 163,665 | ||||||||
| Osseo Independent School District No. 279, Series 2024 A, GO Bonds, (CEP - Ohio School District) |
5.00% | 02/01/2036 | 20 | 21,652 | ||||||||||
| Rochester (City of), MN (Mayo Clinic), Series 2022, Ref. RB |
4.00% | 11/15/2039 | 50 | 48,578 | ||||||||||
| Rochester (City of), MN (Mayo Clinic), Series 2022, Ref. RB |
5.00% | 11/15/2057 | 150 | 152,483 | ||||||||||
| Rosemount-Apple Valley-Eagan Independent School District No. 196, Series 2023 A, GO Bonds, (CEP - Ohio School District) |
5.00% | 02/01/2032 | 5 | 5,575 | ||||||||||
| Rosemount-Apple Valley-Eagan Independent School District No. 196, Series 2023 A, GO Bonds, (CEP - Ohio School District) |
5.00% | 02/01/2035 | 15 | 16,413 | ||||||||||
| Rosemount-Apple Valley-Eagan Independent School District No. 196, Series 2023 A, GO Bonds, (CEP - Ohio School District) |
5.00% | 02/01/2036 | 25 | 27,172 | ||||||||||
|
|
|
|||||||||||||
| 1,352,978 | ||||||||||||||
|
|
|
|||||||||||||
| Mississippi-0.22% |
||||||||||||||
| University of Mississippi Educational Building Corp. (New Facilities), Series 2022, RB |
4.50% | 10/01/2052 | 235 | 220,468 | ||||||||||
|
|
|
|||||||||||||
| Missouri-0.56% |
||||||||||||||
| Jefferson City School District, Series 2023 A, GO Bonds |
5.50% | 03/01/2043 | 5 | 5,304 | ||||||||||
| Metropolitan St. Louis Sewer District, Series 2022 B, Ref. RB |
5.25% | 05/01/2052 | 100 | 103,403 | ||||||||||
| Missouri (State of) Health & Educational Facilities Authority (SSM Health), Series 2022 A, RB |
5.00% | 06/01/2032 | 30 | 32,727 | ||||||||||
| Missouri (State of) Health & Educational Facilities Authority (St. Luke’s Health System, Inc.), Series 2016, Ref. RB |
3.00% | 11/15/2032 | 70 | 67,305 | ||||||||||
| Missouri (State of) Highway & Transportation Commission, Series 2022 A, RB |
5.00% | 05/01/2032 | 100 | 112,294 | ||||||||||
| Missouri Development Finance Board, Series 2022, Ref. RB, (INS - AGI)(a) |
4.00% | 06/01/2037 | 100 | 98,959 | ||||||||||
| Springfield School District No. R-12, Series 2023, GO Bonds |
5.00% | 03/01/2040 | 60 | 63,222 | ||||||||||
| Springfield School District No. R-12, Series 2023, GO Bonds |
4.00% | 03/01/2043 | 10 | 9,326 | ||||||||||
| St. Louis School District, Series 2023, GO Bonds, (INS - AGI)(a) |
5.00% | 04/01/2042 | 75 | 77,517 | ||||||||||
|
|
|
|||||||||||||
| 570,057 | ||||||||||||||
|
|
|
|||||||||||||
| Montana-0.25% |
||||||||||||||
| Montana State Board of Regents, Series 2022, RB, (INS - AGI)(a) |
5.25% | 11/15/2052 | 250 | 256,909 | ||||||||||
|
|
|
|||||||||||||
| Nebraska-0.45% |
||||||||||||||
| Gretna Public Schools, Series 2022, GO Bonds |
4.00% | 12/15/2047 | 65 | 58,265 | ||||||||||
| Omaha (City of), NE Public Power District, Series 2022 A, RB |
5.25% | 02/01/2052 | 340 | 350,091 | ||||||||||
| Omaha (City of), NE Public Power District, Series 2023 B, Ref. RB |
5.00% | 02/01/2032 | 50 | 55,976 | ||||||||||
|
|
|
|||||||||||||
| 464,332 | ||||||||||||||
|
|
|
|||||||||||||
| Nevada-0.50% |
||||||||||||||
| Clark (County of), NV, Series 2022, RB |
5.00% | 07/01/2036 | 125 | 135,563 | ||||||||||
| Clark (County of), NV, Series 2022, RB, (INS - AGI)(a) |
4.00% | 07/01/2040 | 70 | 67,727 | ||||||||||
| Clark (County of), NV Department of Aviation, Series 2024 A, Ref. RB |
5.00% | 07/01/2032 | 50 | 55,592 | ||||||||||
| Las Vegas Valley Water District, Series 2021 C, GO Bonds |
3.00% | 06/01/2032 | 40 | 38,130 | ||||||||||
| Las Vegas Valley Water District, Series 2022 C, Ref. GO Bonds |
4.00% | 06/01/2041 | 20 | 18,759 | ||||||||||
| Las Vegas Valley Water District, Series 2022 C, Ref. GO Bonds |
4.00% | 06/01/2042 | 205 | 190,883 | ||||||||||
|
|
|
|||||||||||||
| 506,654 | ||||||||||||||
|
|
|
|||||||||||||
| New Jersey-2.86% |
||||||||||||||
| Bergen County Improvement Authority (The), Series 2022, Ref. RB |
5.00% | 08/01/2047 | 80 | 83,816 | ||||||||||
| New Jersey (State of), Series 2020 A, GO Bonds |
4.00% | 06/01/2032 | 500 | 526,094 | ||||||||||
| New Jersey (State of), Series 2021, GO Bonds |
2.00% | 06/01/2032 | 70 | 60,753 | ||||||||||
| New Jersey (State of) Economic Development Authority (Portal North Bridge), Series 2022 A, RB |
5.25% | 11/01/2042 | 50 | 51,788 | ||||||||||
| New Jersey (State of) Economic Development Authority (Portal North Bridge), Series 2022 A, RB |
5.25% | 11/01/2047 | 15 | 15,331 | ||||||||||
| New Jersey (State of) Economic Development Authority (Portal North Bridge), Series 2022, RB |
5.00% | 11/01/2036 | 25 | 26,429 | ||||||||||
| New Jersey (State of) Economic Development Authority (Portal North Bridge), Series 2022, RB |
5.00% | 11/01/2037 | 20 | 20,996 | ||||||||||
| New Jersey (State of) Economic Development Authority (Portal North Bridge), Series 2022, RB |
5.25% | 11/01/2040 | 125 | 130,882 | ||||||||||
| New Jersey (State of) Educational Facilities Authority (Princeton University), Series 2022 A, RB |
5.00% | 03/01/2032 | 55 | 61,340 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2014 BB-2, RN |
5.00% | 06/15/2032 | 10 | 10,840 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2021 A, Ref. RB |
5.00% | 06/15/2032 | 415 | 449,848 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2022 A, RB |
4.00% | 06/15/2042 | 25 | 22,629 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2022 AA, Ref. RB |
5.00% | 06/15/2032 | 25 | 27,407 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2022 AA, Ref. RB |
5.00% | 06/15/2034 | 20 | 21,604 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2022 AA, Ref. RB |
5.00% | 06/15/2035 | 90 | 96,387 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2022 AA, Ref. RB |
5.00% | 06/15/2036 | 95 | 100,958 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2032 Municipal Bond ETF (BSMW)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| New Jersey-(continued) |
||||||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2022 AA, Ref. RB |
5.00% | 06/15/2037 | $ | 75 | $ | 79,099 | ||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2022 AA, Ref. RB |
5.00% | 06/15/2038 | 15 | 15,691 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2022 BB, RB |
5.00% | 06/15/2032 | 10 | 10,902 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2022, RB |
5.25% | 06/15/2032 | 20 | 22,262 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2022, RB(b)(c) |
5.00% | 12/15/2032 | 25 | 28,296 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2022, RB |
5.00% | 06/15/2035 | 15 | 16,130 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2022, RB |
5.25% | 06/15/2036 | 45 | 48,752 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2022, RB |
5.00% | 06/15/2037 | 45 | 47,609 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2022, RB |
5.00% | 06/15/2038 | 110 | 115,375 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2022, RB |
5.25% | 06/15/2039 | 65 | 68,780 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2022, RB |
5.00% | 06/15/2040 | 50 | 51,755 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2022, RB |
5.00% | 06/15/2042 | 50 | 51,188 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2022, RB |
5.25% | 06/15/2043 | 95 | 98,386 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2023 AA, RB |
5.00% | 06/15/2032 | 50 | 54,814 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2023 BB, RB |
5.00% | 06/15/2032 | 65 | 71,259 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2024 A, Ref. RB |
5.00% | 06/15/2032 | 270 | 295,998 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2024 CC, RB |
5.00% | 06/15/2032 | 105 | 115,112 | ||||||||||
| South Jersey Transportation Authority, Series 2022 A, RB |
4.63% | 11/01/2047 | 10 | 9,510 | ||||||||||
| Union County Utilities Authority, Series 2011, Ref. RB |
4.00% | 06/15/2032 | 15 | 14,911 | ||||||||||
|
|
|
|||||||||||||
| 2,922,931 | ||||||||||||||
|
|
|
|||||||||||||
| New Mexico-0.23% |
||||||||||||||
| New Mexico (State of), Series 2023, GO Bonds |
5.00% | 03/01/2032 | 40 | 44,714 | ||||||||||
| New Mexico (State of) Severance Tax Permanent Fund, Series 2022 A, RB |
5.00% | 07/01/2032 | 80 | 89,322 | ||||||||||
| New Mexico (State of) Severance Tax Permanent Fund, Series 2022 B, RB |
5.00% | 07/01/2032 | 90 | 100,488 | ||||||||||
|
|
|
|||||||||||||
| 234,524 | ||||||||||||||
|
|
|
|||||||||||||
| New York-20.12% |
||||||||||||||
| Battery Park (City of), NY Authority, Series 2023 B, Ref. RB |
5.00% | 11/01/2032 | 10 | 11,448 | ||||||||||
| Genesee County Funding Corp. (The) (Rochester Regional Health Obligated Group), Series 2022 A, Ref. RB |
5.25% | 12/01/2052 | 65 | 64,638 | ||||||||||
| Hudson Yards Infrastructure Corp. (Green Bonds), Series 2021 A, Ref. RB |
4.00% | 02/15/2037 | 75 | 74,862 | ||||||||||
| Hudson Yards Infrastructure Corp. (Green Bonds), Series 2021 A, Ref. RB |
4.00% | 02/15/2038 | 15 | 14,809 | ||||||||||
| Hudson Yards Infrastructure Corp. (Green Bonds), Series 2021 A, Ref. RB |
4.00% | 02/15/2041 | 50 | 47,498 | ||||||||||
| Hudson Yards Infrastructure Corp. (Green Bonds), Series 2021, Ref. RB |
5.00% | 02/15/2032 | 5 | 5,645 | ||||||||||
| Hudson Yards Infrastructure Corp. (Green Bonds), Series 2021, Ref. RB |
5.00% | 02/15/2034 | 30 | 33,300 | ||||||||||
| Hudson Yards Infrastructure Corp. (Green Bonds), Series 2021, Ref. RB |
4.00% | 02/15/2044 | 5 | 4,620 | ||||||||||
| Long Island (City of), NY Power Authority, Series 2021 A, Ref. RB |
4.00% | 09/01/2032 | 50 | 52,092 | ||||||||||
| Metropolitan Transportation Authority, Series 2016 D, Ref. RB |
3.00% | 11/15/2032 | 60 | 53,959 | ||||||||||
| Metropolitan Transportation Authority (Bidding Group 1), Series 2022 A, RB |
4.00% | 11/15/2039 | 15 | 14,503 | ||||||||||
| Metropolitan Transportation Authority (Bidding Group 2), Series 2022 A, RB |
5.00% | 11/15/2044 | 20 | 20,495 | ||||||||||
| Metropolitan Transportation Authority (Bidding Group 2), Series 2022 A, RB |
5.00% | 11/15/2047 | 200 | 202,969 | ||||||||||
| Metropolitan Transportation Authority (Bidding Group 2), Series 2022 A, RB |
5.00% | 11/15/2049 | 25 | 25,284 | ||||||||||
| Nassau County Local Economic Assistance Corp. (Cold Spring Harbor Laboratory), Series 2024, RB |
5.00% | 01/01/2032 | 10 | 11,256 | ||||||||||
| New York & New Jersey (States of) Port Authority, One Hundred Seventy Fifth Series 2012, RB |
3.00% | 12/01/2032 | 195 | 183,506 | ||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Forty Fourth Series 2024, Ref. RB |
5.00% | 07/15/2032 | 5 | 5,615 | ||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Thirty Third Series 2022, Ref. RB |
5.25% | 08/01/2052 | 150 | 154,677 | ||||||||||
| New York (City of), NY, Series 2006 J, GO Bonds, (INS - AGI)(a) |
5.00% | 06/01/2032 | 130 | 145,147 | ||||||||||
| New York (City of), NY, Series 2008 L-5, GO Bonds |
5.00% | 04/01/2032 | 20 | 21,889 | ||||||||||
| New York (City of), NY, Series 2012-1, GO Bonds |
5.00% | 04/01/2032 | 45 | 49,251 | ||||||||||
| New York (City of), NY, Series 2021 A-1, GO Bonds |
5.00% | 08/01/2032 | 5 | 5,488 | ||||||||||
| New York (City of), NY, Series 2022 A-1, GO Bonds |
5.00% | 09/01/2034 | 80 | 87,852 | ||||||||||
| New York (City of), NY, Series 2022 A-1, GO Bonds |
5.00% | 09/01/2035 | 20 | 21,808 | ||||||||||
| New York (City of), NY, Series 2022 A-1, GO Bonds |
5.00% | 09/01/2036 | 20 | 21,607 | ||||||||||
| New York (City of), NY, Series 2022 A-1, GO Bonds |
5.00% | 09/01/2037 | 65 | 69,646 | ||||||||||
| New York (City of), NY, Series 2022 A-1, GO Bonds |
5.00% | 09/01/2038 | 155 | 163,880 | ||||||||||
| New York (City of), NY, Series 2022 A-1, GO Bonds |
5.00% | 09/01/2039 | 55 | 57,832 | ||||||||||
| New York (City of), NY, Series 2022 A-1, GO Bonds |
5.25% | 09/01/2041 | 300 | 318,301 | ||||||||||
| New York (City of), NY, Series 2022 A-1, GO Bonds |
5.00% | 09/01/2042 | 210 | 217,963 | ||||||||||
| New York (City of), NY, Series 2022 A-1, GO Bonds |
4.00% | 09/01/2046 | 25 | 22,171 | ||||||||||
| New York (City of), NY, Series 2022 B-1, Ref. GO Bonds |
5.00% | 08/01/2032 | 25 | 27,879 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2032 Municipal Bond ETF (BSMW)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| New York-(continued) |
||||||||||||||
| New York (City of), NY, Series 2022 C, Ref. GO Bonds |
5.00% | 08/01/2032 | $ | 10 | $ | 11,152 | ||||||||
| New York (City of), NY, Series 2023 A, GO Bonds |
5.00% | 08/01/2032 | 10 | 11,152 | ||||||||||
| New York (City of), NY, Series 2023 C, Ref. GO Bonds |
5.00% | 08/01/2032 | 250 | 278,792 | ||||||||||
| New York (City of), NY, Series 2023 F-1, Ref. GO Bonds |
5.00% | 08/01/2032 | 20 | 22,303 | ||||||||||
| New York (City of), NY, Series 2023-1, GO Bonds |
5.00% | 08/01/2032 | 25 | 27,879 | ||||||||||
| New York (City of), NY, Series 2024 A, GO Bonds |
5.00% | 08/01/2032 | 5 | 5,576 | ||||||||||
| New York (City of), NY, Series 2024 C, GO Bonds |
5.00% | 03/01/2032 | 35 | 38,899 | ||||||||||
| New York (City of), NY, Subseries 2022 B-1, GO Bonds |
5.00% | 10/01/2032 | 5 | 5,582 | ||||||||||
| New York (City of), NY, Subseries 2022 B-1, GO Bonds |
5.00% | 10/01/2034 | 15 | 16,478 | ||||||||||
| New York (City of), NY, Subseries 2022 B-1, GO Bonds |
5.00% | 10/01/2035 | 5 | 5,453 | ||||||||||
| New York (City of), NY, Subseries 2022 B-1, GO Bonds |
5.00% | 10/01/2036 | 20 | 21,611 | ||||||||||
| New York (City of), NY, Subseries 2022 B-1, GO Bonds |
5.00% | 10/01/2037 | 10 | 10,707 | ||||||||||
| New York (City of), NY, Subseries 2022 B-1, GO Bonds |
5.25% | 10/01/2038 | 80 | 85,947 | ||||||||||
| New York (City of), NY, Subseries 2022 B-1, GO Bonds |
5.25% | 10/01/2039 | 30 | 32,130 | ||||||||||
| New York (City of), NY, Subseries 2022 B-1, GO Bonds |
5.25% | 10/01/2040 | 55 | 58,693 | ||||||||||
| New York (City of), NY, Subseries 2022 B-1, GO Bonds |
5.25% | 10/01/2041 | 30 | 31,848 | ||||||||||
| New York (City of), NY, Subseries 2022 B-1, GO Bonds |
5.25% | 10/01/2042 | 160 | 168,715 | ||||||||||
| New York (City of), NY, Subseries 2022 B-1, GO Bonds |
5.25% | 10/01/2043 | 25 | 26,137 | ||||||||||
| New York (City of), NY, Subseries 2022 B-1, GO Bonds |
5.25% | 10/01/2047 | 300 | 308,493 | ||||||||||
| New York (City of), NY, Subseries 2022 D-1, GO Bonds |
5.00% | 05/01/2032 | 95 | 105,739 | ||||||||||
| New York (City of), NY, Subseries 2022 D-1, GO Bonds |
5.00% | 05/01/2034 | 45 | 49,336 | ||||||||||
| New York (City of), NY, Subseries 2022 D-1, GO Bonds |
5.00% | 05/01/2035 | 60 | 65,343 | ||||||||||
| New York (City of), NY, Subseries 2022 D-1, GO Bonds |
5.00% | 05/01/2037 | 25 | 26,791 | ||||||||||
| New York (City of), NY, Subseries 2022 D-1, GO Bonds |
5.25% | 05/01/2038 | 25 | 26,964 | ||||||||||
| New York (City of), NY, Subseries 2022 D-1, GO Bonds |
5.25% | 05/01/2039 | 105 | 112,175 | ||||||||||
| New York (City of), NY, Subseries 2022 D-1, GO Bonds |
5.25% | 05/01/2043 | 85 | 88,679 | ||||||||||
| New York (City of), NY, Subseries 2022 D-1, GO Bonds |
5.50% | 05/01/2044 | 40 | 42,474 | ||||||||||
| New York (City of), NY, Subseries 2022 D-1, GO Bonds |
5.50% | 05/01/2045 | 15 | 15,869 | ||||||||||
| New York (City of), NY, Subseries 2022 D-1, GO Bonds |
5.50% | 05/01/2046 | 130 | 136,935 | ||||||||||
| New York (City of), NY, Subseries 2022 D-1, GO Bonds |
4.50% | 05/01/2049 | 90 | 86,116 | ||||||||||
| New York (City of), NY Industrial Development Agency, Series 2021, Ref. RB |
5.00% | 06/15/2032 | 20 | 22,444 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Subseries 2023 AA-1, RB |
5.25% | 06/15/2052 | 495 | 510,858 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2015 GG, RB |
3.13% | 06/15/2032 | 20 | 19,229 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2021, Ref. RB |
5.00% | 06/15/2032 | 200 | 221,379 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2022 AA-3, Ref. RB |
5.00% | 06/15/2047 | 135 | 137,482 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2022 EE, Ref. RB |
5.00% | 06/15/2034 | 165 | 182,099 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2022 EE, Ref. RB |
5.00% | 06/15/2045 | 120 | 123,018 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2015 S, RB |
3.13% | 07/15/2032 | 25 | 24,181 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2021 A-1, Ref. RB |
5.00% | 11/01/2032 | 5 | 5,477 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022 A-1, RB |
5.00% | 08/01/2036 | 45 | 48,580 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022 A-1, RB |
5.00% | 08/01/2037 | 105 | 112,382 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022 A-1, RB |
5.00% | 08/01/2039 | 95 | 100,077 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022 A-1, RB |
5.00% | 08/01/2041 | 35 | 36,410 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022 A-1, RB |
5.25% | 08/01/2042 | 25 | 26,254 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022 A-1, RB |
5.00% | 08/01/2043 | 150 | 154,218 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022 A-1, RB |
5.00% | 08/01/2045 | 30 | 30,588 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022 B-1, Ref. RB |
5.00% | 11/01/2032 | 20 | 22,314 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022 B-1, Ref. RB |
5.25% | 11/01/2035 | 20 | 22,088 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022 B-1, Ref. RB |
5.25% | 11/01/2036 | 105 | 115,159 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022 B-1, Ref. RB |
5.25% | 11/01/2038 | 5 | 5,393 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022 F-1, RB |
5.00% | 02/01/2036 | 155 | 167,100 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022 F-1, RB |
5.00% | 02/01/2037 | 70 | 74,892 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022 F-1, RB |
5.00% | 02/01/2039 | 140 | 147,447 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022 F-1, RB |
5.00% | 02/01/2040 | 15 | 15,671 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022 F-1, RB |
5.00% | 02/01/2041 | 55 | 57,088 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022 F-1, RB |
5.00% | 02/01/2042 | 50 | 51,541 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022 F-1, RB |
5.00% | 02/01/2044 | 75 | 76,665 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022 F-1, RB |
5.00% | 02/01/2047 | 430 | 435,700 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022 F-1, RB |
5.00% | 02/01/2051 | 5 | 5,041 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022 S-1A, Ref. RB |
5.00% | 07/15/2034 | 80 | 88,807 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2032 Municipal Bond ETF (BSMW)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| New York-(continued) |
||||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022, RB |
5.00% | 02/01/2032 | $ | 10 | $ | 11,093 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022, RB |
5.00% | 02/01/2035 | 75 | 81,461 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022, RB |
5.00% | 02/01/2036 | 10 | 10,781 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022, RB |
5.00% | 02/01/2037 | 75 | 80,242 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022, RB |
4.00% | 02/01/2038 | 10 | 9,774 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022, RB |
4.00% | 02/01/2039 | 45 | 43,602 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022, RB |
4.00% | 02/01/2041 | 250 | 234,058 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022, RB |
4.00% | 02/01/2043 | 15 | 13,711 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022, RB |
5.00% | 02/01/2044 | 405 | 413,992 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022, RB |
5.00% | 02/01/2047 | 425 | 430,633 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022, Ref. RB |
5.00% | 11/01/2032 | 200 | 221,954 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022, Ref. RB |
5.00% | 11/01/2033 | 20 | 22,010 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022, Ref. RB |
4.00% | 11/01/2034 | 140 | 141,276 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022, Ref. RB |
5.00% | 11/01/2034 | 15 | 16,382 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2021 S-1, Ref. RB |
5.00% | 07/15/2032 | 130 | 144,227 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2022 D-1, RB |
5.00% | 11/01/2036 | 50 | 54,001 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2022 D-1, RB |
5.25% | 11/01/2037 | 465 | 505,866 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2022 D-1, RB |
5.25% | 11/01/2041 | 55 | 58,271 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2022 D-1, RB |
5.25% | 11/01/2048 | 290 | 298,755 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2023 D-1, RB |
5.00% | 11/01/2038 | 30 | 31,819 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2023 D-1, RB |
5.25% | 11/01/2038 | 55 | 59,318 | ||||||||||
| New York (State of) Dormitory Authority, Series 2021 A, Ref. RB |
5.00% | 03/15/2032 | 365 | 399,955 | ||||||||||
| New York (State of) Dormitory Authority, Series 2021 E, Ref. RB |
4.00% | 03/15/2037 | 100 | 98,771 | ||||||||||
| New York (State of) Dormitory Authority, Series 2021, RB |
5.00% | 03/15/2032 | 315 | 349,806 | ||||||||||
| New York (State of) Dormitory Authority, Series 2021, RB |
5.00% | 07/01/2032 | 30 | 33,335 | ||||||||||
| New York (State of) Dormitory Authority, Series 2021, RB |
5.00% | 03/15/2034 | 165 | 180,510 | ||||||||||
| New York (State of) Dormitory Authority, Series 2021, RB |
5.00% | 03/15/2036 | 75 | 80,896 | ||||||||||
| New York (State of) Dormitory Authority, Series 2021, RB |
4.00% | 03/15/2038 | 60 | 58,348 | ||||||||||
| New York (State of) Dormitory Authority, Series 2021, RB |
4.00% | 03/15/2040 | 5 | 4,688 | ||||||||||
| New York (State of) Dormitory Authority, Series 2022 A, Ref. RB |
5.00% | 03/15/2032 | 200 | 222,099 | ||||||||||
| New York (State of) Dormitory Authority, Series 2022 A, Ref. RB |
4.00% | 03/15/2034 | 15 | 15,195 | ||||||||||
| New York (State of) Dormitory Authority, Series 2022 A, Ref. RB |
4.00% | 03/15/2035 | 15 | 15,027 | ||||||||||
| New York (State of) Dormitory Authority, Series 2022 A, Ref. RB |
5.00% | 03/15/2036 | 45 | 48,565 | ||||||||||
| New York (State of) Dormitory Authority, Series 2022 A, Ref. RB |
5.00% | 03/15/2037 | 55 | 58,898 | ||||||||||
| New York (State of) Dormitory Authority, Series 2022 A, Ref. RB |
4.00% | 03/15/2038 | 65 | 63,211 | ||||||||||
| New York (State of) Dormitory Authority, Series 2022 A, Ref. RB |
5.00% | 03/15/2041 | 680 | 707,318 | ||||||||||
| New York (State of) Dormitory Authority, Series 2022 A, Ref. RB |
5.00% | 03/15/2046 | 555 | 565,623 | ||||||||||
| New York (State of) Dormitory Authority, Series 2022, Ref. RB |
5.00% | 05/01/2038 | 30 | 31,537 | ||||||||||
| New York (State of) Dormitory Authority, Series 2023 A, RB |
5.00% | 10/01/2032 | 70 | 78,541 | ||||||||||
| New York (State of) Dormitory Authority, Series 2023 A, RB, (INS - AGI)(a) |
5.00% | 10/01/2032 | 10 | 11,116 | ||||||||||
| New York (State of) Dormitory Authority, Series 2023 A, Ref. RB |
5.00% | 03/15/2032 | 230 | 255,414 | ||||||||||
| New York (State of) Dormitory Authority, Series 2023 A-1, Ref. RB |
5.00% | 03/15/2032 | 15 | 16,813 | ||||||||||
| New York (State of) Dormitory Authority, Series 2024 A, GO Bonds, (INS - AGI)(a) |
5.00% | 10/01/2035 | 105 | 114,287 | ||||||||||
| New York (State of) Dormitory Authority, Series 2024 A, GO Bonds, (INS - AGI)(a) |
5.00% | 10/01/2036 | 50 | 54,016 | ||||||||||
| New York (State of) Dormitory Authority, Series 2024 A, GO Bonds, (INS - AGI)(a) |
5.00% | 10/01/2037 | 175 | 186,263 | ||||||||||
| New York (State of) Dormitory Authority, Series 2024 A, RB, (INS - AGI)(a) |
5.00% | 10/01/2034 | 15 | 16,455 | ||||||||||
| New York (State of) Dormitory Authority, Series 2024 A, RB, (INS - AGI)(a) |
5.00% | 10/01/2038 | 110 | 116,306 | ||||||||||
| New York (State of) Dormitory Authority (Bidding Group 5), Series 2021 E, Ref. RB |
5.00% | 03/15/2035 | 135 | 146,697 | ||||||||||
| New York (State of) Dormitory Authority (Northwell Health Obligated Group), Series 2022, Ref. RB |
5.00% | 05/01/2037 | 15 | 15,907 | ||||||||||
| New York (State of) Dormitory Authority (Northwell Health Obligated Group), Series 2022, Ref. RB |
4.25% | 05/01/2052 | 10 | 8,791 | ||||||||||
| New York (State of) Dormitory Authority (Northwell Health Obligated Group), Series 2025, Ref. RB |
5.00% | 05/01/2032 | 250 | 274,839 | ||||||||||
| New York (State of) Power Authority (Green Transmission), Series 2022, RB, (INS - AGI)(a) |
5.00% | 11/15/2032 | 25 | 27,828 | ||||||||||
| New York (State of) Power Authority (Green Transmission), Series 2023, RB, (INS - AGI)(a) |
5.00% | 11/15/2032 | 10 | 11,373 | ||||||||||
| New York (State of) Thruway Authority, Series 2021 A-1, Ref. RB |
5.00% | 03/15/2032 | 25 | 27,533 | ||||||||||
| New York (State of) Thruway Authority, Series 2024 P, Ref. RB |
5.00% | 01/01/2032 | 15 | 16,798 | ||||||||||
| New York (State of) Thruway Authority, Series 2024 Q, Ref. RB |
5.00% | 01/01/2032 | 20 | 22,397 | ||||||||||
| New York (State of) Thruway Authority (Bidding Group 1), Series 2022 A, Ref. RB |
5.00% | 03/15/2032 | 145 | 161,960 | ||||||||||
| New York (State of) Thruway Authority (Bidding Group 1), Series 2022 A, Ref. RB |
5.00% | 03/15/2034 | 5 | 5,528 | ||||||||||
| New York (State of) Thruway Authority (Bidding Group 1), Series 2022 A, Ref. RB |
5.00% | 03/15/2036 | 45 | 48,945 | ||||||||||
| New York (State of) Thruway Authority (Bidding Group 1), Series 2022 A, Ref. RB |
5.00% | 03/15/2037 | 35 | 37,732 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2032 Municipal Bond ETF (BSMW)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| New York-(continued) |
||||||||||||||
| New York (State of) Thruway Authority (Bidding Group 1), Series 2022 A, Ref. RB |
5.00% | 03/15/2038 | $ | 20 | $ | 21,352 | ||||||||
| New York (State of) Thruway Authority (Bidding Group 1), Series 2022 A, Ref. RB |
5.00% | 03/15/2039 | 15 | 15,889 | ||||||||||
| New York (State of) Thruway Authority (Bidding Group 1), Series 2022, Ref. RB |
5.00% | 03/15/2040 | 40 | 42,002 | ||||||||||
| New York (State of) Thruway Authority (Bidding Group 1) (Green Bonds), Series 2022 C, RB |
5.00% | 03/15/2053 | 185 | 186,583 | ||||||||||
| New York (State of) Thruway Authority (Bidding Group 1) (Green Bonds), Series 2022 C, RB |
5.00% | 03/15/2055 | 65 | 65,425 | ||||||||||
| New York (State of) Thruway Authority (Bidding Group 2), Series 2022 A, Ref. RB |
5.00% | 03/15/2035 | 135 | 147,998 | ||||||||||
| New York (State of) Thruway Authority (Bidding Group 3), Series 2022, Ref. RB |
5.00% | 03/15/2041 | 130 | 135,551 | ||||||||||
| New York (State of) Thruway Authority (Bidding Group 3), Series 2022, Ref. RB |
5.00% | 03/15/2042 | 25 | 25,894 | ||||||||||
| New York (State of) Thruway Authority (Bidding Group 4), Series 2022 A, Ref. RB |
5.00% | 03/15/2045 | 85 | 86,819 | ||||||||||
| New York (State of) Thruway Authority (Bidding Group 4), Series 2022 A, Ref. RB |
5.00% | 03/15/2046 | 280 | 284,828 | ||||||||||
| New York (State of) Thruway Authority (Bidding Group 4), Series 2022 A, Ref. RB |
5.00% | 03/15/2048 | 465 | 471,254 | ||||||||||
| New York (State of) Utility Debt Securitization Authority, Series 2015, Ref. RB |
3.00% | 12/15/2032 | 145 | 140,891 | ||||||||||
| New York City Transitional Finance Authority Future Tax Secured Revenue, Series 2022 F-1, RB |
4.00% | 02/01/2038 | 10 | 9,765 | ||||||||||
| New York City Transitional Finance Authority Future Tax Secured Revenue, Series 2022, RB |
5.00% | 11/01/2038 | 65 | 68,711 | ||||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2022, Ref. RB |
5.00% | 06/15/2051 | 90 | 92,379 | ||||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2023, Ref. RB |
5.00% | 06/15/2032 | 20 | 22,619 | ||||||||||
| New York State Urban Development Corp., Series 2022, Ref. RB |
5.00% | 03/15/2032 | 150 | 166,671 | ||||||||||
| New York State Urban Development Corp., Series 2022, Ref. RB |
5.00% | 03/15/2035 | 50 | 55,085 | ||||||||||
| New York State Urban Development Corp., Series 2022, Ref. RB |
5.00% | 03/15/2036 | 105 | 114,838 | ||||||||||
| New York State Urban Development Corp., Series 2022, Ref. RB |
5.25% | 03/15/2037 | 115 | 126,794 | ||||||||||
| New York State Urban Development Corp., Series 2022, Ref. RB |
5.25% | 03/15/2038 | 15 | 16,389 | ||||||||||
| New York State Urban Development Corp., Series 2022, Ref. RB |
5.25% | 03/15/2039 | 80 | 86,832 | ||||||||||
| New York State Urban Development Corp., Series 2022, Ref. RB |
5.00% | 03/15/2041 | 100 | 105,486 | ||||||||||
| New York State Urban Development Corp. (Bidding Group 1), Series 2021 A, Ref. RB |
5.00% | 03/15/2032 | 150 | 166,681 | ||||||||||
| New York State Urban Development Corp. (Bidding Group 1), Series 2023 A, RB |
5.00% | 03/15/2032 | 5 | 5,582 | ||||||||||
| New York State Urban Development Corp. (Bidding Group 1), Series 2023, Ref. RB |
5.00% | 03/15/2032 | 25 | 27,779 | ||||||||||
| New York State Urban Development Corp. (Bidding Group 4), Series 2022 A, Ref. RB |
5.00% | 03/15/2048 | 35 | 35,882 | ||||||||||
| Schenectady County Capital Resource Corp. (Union College), Series 2022, Ref. RB |
5.25% | 07/01/2052 | 45 | 46,314 | ||||||||||
| Suffolk (County of), NY Water Authority, Series 2015, Ref. RB |
3.00% | 06/01/2032 | 75 | 74,053 | ||||||||||
| Triborough Bridge & Tunnel Authority, Series 2021 C-2, Ref. RB |
3.00% | 05/15/2032 | 5 | 4,823 | ||||||||||
| Triborough Bridge & Tunnel Authority, Series 2022 A, RB |
5.00% | 11/15/2041 | 160 | 167,149 | ||||||||||
| Triborough Bridge & Tunnel Authority, Series 2022 A, RB |
5.00% | 11/15/2042 | 55 | 57,093 | ||||||||||
| Triborough Bridge & Tunnel Authority, Series 2022 A, RB |
5.00% | 11/15/2045 | 100 | 102,340 | ||||||||||
| Triborough Bridge & Tunnel Authority, Series 2022 A, RB |
5.00% | 11/15/2047 | 10 | 10,159 | ||||||||||
| Triborough Bridge & Tunnel Authority, Series 2022 C, RB |
5.00% | 05/15/2040 | 80 | 84,306 | ||||||||||
| Triborough Bridge & Tunnel Authority, Series 2022 C, RB |
5.25% | 05/15/2041 | 25 | 26,557 | ||||||||||
| Triborough Bridge & Tunnel Authority, Series 2022 C, RB |
5.00% | 05/15/2044 | 95 | 97,766 | ||||||||||
| Triborough Bridge & Tunnel Authority, Series 2022 C, RB |
5.25% | 05/15/2052 | 250 | 257,499 | ||||||||||
| Triborough Bridge & Tunnel Authority (Green Bonds), Series 2022 D-1A, Ref. RB |
5.00% | 11/15/2039 | 75 | 79,641 | ||||||||||
| Triborough Bridge & Tunnel Authority (Green Bonds), Series 2022 D-2, RB |
4.50% | 05/15/2047 | 25 | 24,235 | ||||||||||
| Triborough Bridge & Tunnel Authority (Green Bonds), Series 2022 E-2B, Ref. RB |
5.00% | 11/15/2032 | 475 | 529,634 | ||||||||||
| Triborough Bridge & Tunnel Authority (Green Bonds), Series 2022, RB |
4.50% | 05/15/2052 | 35 | 32,529 | ||||||||||
| Triborough Bridge & Tunnel Authority (Green Bonds), Series 2022, Ref. RB |
5.00% | 11/15/2037 | 30 | 32,305 | ||||||||||
| Triborough Bridge & Tunnel Authority (Green Bonds), Series 2022, Ref. RB |
5.00% | 11/15/2038 | 155 | 165,636 | ||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2022 A, RB |
5.00% | 05/15/2044 | 40 | 41,210 | ||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2022 A, RB |
5.00% | 05/15/2047 | 110 | 112,090 | ||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2022 A, RB |
5.25% | 05/15/2057 | 165 | 168,427 | ||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2022 A, Ref. RB |
4.00% | 05/15/2041 | 250 | 233,658 | ||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2022 A, Ref. RB |
5.00% | 05/15/2044 | 240 | 246,988 | ||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2022 A, Ref. RB |
5.00% | 05/15/2047 | 135 | 137,660 | ||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2022 C, RB |
5.00% | 05/15/2047 | 350 | 356,896 | ||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2022, RB |
5.00% | 05/15/2032 | 40 | 44,748 | ||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2023, Ref. RB |
5.00% | 11/15/2032 | 35 | 39,430 | ||||||||||
|
|
|
|||||||||||||
| 20,547,112 | ||||||||||||||
|
|
|
|||||||||||||
| North Carolina-0.59% |
||||||||||||||
| Charlotte (City of), NC, Series 2022 A, Ref. RB |
5.00% | 07/01/2032 | 45 | 50,761 | ||||||||||
| Charlotte (City of), NC, Series 2022 A, Ref. RB |
5.00% | 07/01/2045 | 20 | 20,816 | ||||||||||
| Mecklenburg (County of), NC, Series 2022, GO Bonds |
5.00% | 09/01/2032 | 40 | 45,185 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2032 Municipal Bond ETF (BSMW)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| North Carolina-(continued) |
||||||||||||||
| Mecklenburg (County of), NC, Series 2022, GO Bonds |
5.00% | 09/01/2034 | $ | 40 | $ | 44,550 | ||||||||
| North Carolina (State of), Series 2021 A, Ref. RB |
5.00% | 05/01/2032 | 25 | 28,024 | ||||||||||
| North Carolina (State of), Series 2021, RB |
5.00% | 03/01/2032 | 20 | 21,960 | ||||||||||
| North Carolina (State of), Series 2022 A, RB |
5.00% | 05/01/2032 | 35 | 39,233 | ||||||||||
| North Carolina (State of) (Build North Carolina Programs), Series 2022 A, RB |
5.00% | 05/01/2034 | 85 | 94,128 | ||||||||||
| North Carolina (State of) (Build North Carolina Programs), Series 2022 A, RB |
5.00% | 05/01/2036 | 15 | 16,375 | ||||||||||
| Raleigh (City of), NC Combined Enterprise System, Series 2023, Ref. RB |
5.00% | 09/01/2032 | 115 | 129,986 | ||||||||||
| Wake (County of), NC, Series 2021, RB |
5.00% | 03/01/2032 | 20 | 21,971 | ||||||||||
| Wake (County of), NC, Series 2023 A, Ref. GO Bonds |
5.00% | 05/01/2032 | 80 | 90,101 | ||||||||||
|
|
|
|||||||||||||
| 603,090 | ||||||||||||||
|
|
|
|||||||||||||
| Ohio-0.97% |
||||||||||||||
| Columbus (City of), OH, Series 2016 A, GO Bonds |
3.00% | 08/15/2032 | 65 | 62,074 | ||||||||||
| Columbus (City of), OH, Series 2023 A, GO Bonds |
5.00% | 08/15/2032 | 20 | 22,556 | ||||||||||
| Columbus (City of), OH, Series 2024 A, GO Bonds |
5.00% | 08/15/2032 | 20 | 22,556 | ||||||||||
| Ohio (State of), Series 2021 B, Ref. GO Bonds |
5.00% | 09/15/2032 | 195 | 220,208 | ||||||||||
| Ohio (State of), Series 2021 C, Ref. GO Bonds |
5.00% | 03/15/2032 | 90 | 101,172 | ||||||||||
| Ohio (State of), Series 2023, Ref. GO Bonds |
5.00% | 09/01/2032 | 30 | 33,868 | ||||||||||
| Ohio (State of) (Cleveland Clinic Health System Obligated Group), Series 2021, Ref. RB |
5.00% | 01/01/2034 | 75 | 81,518 | ||||||||||
| Ohio (State of) (Cleveland Clinic Health System Obligated Group), Series 2024, Ref. RB |
5.00% | 01/01/2032 | 5 | 5,505 | ||||||||||
| Ohio (State of) Turnpike & Infrastructure Commission, Series 2022, Ref. RB |
5.00% | 02/15/2032 | 5 | 5,555 | ||||||||||
| Ohio (State of) Water Development Authority (Green Bonds), Series 2022 A, RB |
5.00% | 12/01/2041 | 30 | 31,743 | ||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund) (Green Bonds), Series 2024 D, RB |
5.00% | 12/01/2032 | 50 | 56,313 | ||||||||||
| Ohio State University (The) (Green Bonds), Series 2021, RB |
5.00% | 12/01/2032 | 20 | 22,097 | ||||||||||
| Rickenbacker Port Authority, Series 2002, RB |
5.38% | 01/01/2032 | 110 | 119,732 | ||||||||||
| Worthington City School District, Series 2023, GO Bonds |
5.00% | 12/01/2048 | 200 | 204,855 | ||||||||||
|
|
|
|||||||||||||
| 989,752 | ||||||||||||||
|
|
|
|||||||||||||
| Oklahoma-0.91% |
||||||||||||||
| Canadian (County of), OK Educational Facilities Authority (Mustang Public Schools), Series 2023, RB |
5.00% | 09/01/2032 | 25 | 27,387 | ||||||||||
| Cushing (City of), OK Educational Facilities Authority (Cushing Public Schools), Series 2022, RB |
5.00% | 09/01/2032 | 100 | 108,748 | ||||||||||
| Oklahoma (County of), OK Finance Authority, Series 2023, RB |
4.00% | 09/01/2038 | 215 | 205,581 | ||||||||||
| Oklahoma (County of), OK Finance Authority, Series 2023, RB |
5.00% | 09/01/2041 | 295 | 303,333 | ||||||||||
| Oklahoma (County of), OK Finance Authority (Midwest-City Del City Public Schools), Series 2023, RB |
5.00% | 09/01/2036 | 25 | 26,613 | ||||||||||
| Oklahoma (State of) Turnpike Authority, Series 2023, RB |
5.50% | 01/01/2053 | 250 | 261,262 | ||||||||||
|
|
|
|||||||||||||
| 932,924 | ||||||||||||||
|
|
|
|||||||||||||
| Oregon-0.26% |
||||||||||||||
| Oregon (State of) (Article XI - Q State), Series 2023 A, GO Bonds |
5.00% | 05/01/2032 | 30 | 33,708 | ||||||||||
| Oregon (State of) Department of Transportation, Series 2022 A, RB |
5.25% | 11/15/2047 | 110 | 115,614 | ||||||||||
| Oregon Health & Science University (Green Bonds), Series 2021 A, Ref. RB |
4.00% | 07/01/2044 | 30 | 27,655 | ||||||||||
| Portland (City of), OR, Series 2023 A, Ref. RB |
5.00% | 12/01/2032 | 80 | 89,873 | ||||||||||
|
|
|
|||||||||||||
| 266,850 | ||||||||||||||
|
|
|
|||||||||||||
| Pennsylvania-3.70% |
||||||||||||||
| Allegheny (County of), PA, Series 2024 C-80, GO Bonds |
5.00% | 12/01/2054 | 100 | 101,638 | ||||||||||
| Allegheny (County of), PA Higher Education Building Authority (Carnegie Mellon University), Series 2022, RB |
5.00% | 02/01/2032 | 50 | 55,784 | ||||||||||
| Allegheny (County of), PA Sanitary Authority, Series 2022, RB |
5.75% | 06/01/2047 | 10 | 10,659 | ||||||||||
| Allegheny (County of), PA Sanitary Authority, Series 2022, RB |
5.00% | 06/01/2053 | 200 | 201,285 | ||||||||||
| Bucks (County of), PA Water and Sewer Authority, Series 2022 A, RB, (INS - AGI)(a) |
4.25% | 12/01/2047 | 50 | 46,412 | ||||||||||
| Delaware Valley Regional Finance Authority, Series 2002, RB |
5.75% | 07/01/2032 | 145 | 164,613 | ||||||||||
| Hempfield Area School District, Series 2022 C, GO Bonds, (INS - AGI)(a) |
5.00% | 03/15/2048 | 50 | 50,982 | ||||||||||
| Lehigh (County of), PA (Lehigh Valley Health Network), Series 2012, RB |
3.25% | 07/01/2032 | 45 | 43,028 | ||||||||||
| Montgomery (County of), PA Higher Education & Health Authority (Thomas Jefferson University), Series 2022, Ref. RB |
5.00% | 05/01/2047 | 40 | 39,301 | ||||||||||
| Montgomery (County of), PA Higher Education & Health Authority (Thomas Jefferson University), Series 2022, Ref. RB |
5.00% | 05/01/2057 | 140 | 135,583 | ||||||||||
| Pennsylvania (Commonwealth of), First Series 2021, GO Bonds |
4.00% | 05/15/2032 | 75 | 77,376 | ||||||||||
| Pennsylvania (Commonwealth of), First Series 2023, GO Bonds |
5.00% | 09/01/2032 | 150 | 168,094 | ||||||||||
| Pennsylvania (Commonwealth of), First Series 2023, Ref. GO Bonds |
5.00% | 09/01/2032 | 350 | 392,219 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2032 Municipal Bond ETF (BSMW)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Pennsylvania-(continued) |
||||||||||||||
| Pennsylvania (Commonwealth of), Series 2022, GO Bonds |
5.00% | 10/01/2032 | $ | 45 | $ | 50,459 | ||||||||
| Pennsylvania (Commonwealth of), Series 2022, GO Bonds |
5.00% | 10/01/2034 | 40 | 44,260 | ||||||||||
| Pennsylvania (Commonwealth of), Series 2022, GO Bonds |
5.00% | 10/01/2036 | 175 | 190,341 | ||||||||||
| Pennsylvania (Commonwealth of), Series 2022, GO Bonds |
5.00% | 10/01/2038 | 50 | 53,520 | ||||||||||
| Pennsylvania (Commonwealth of), Series 2022, GO Bonds |
5.00% | 10/01/2042 | 5 | 5,235 | ||||||||||
| Pennsylvania (Commonwealth of) Economic Development Financing Authority, Series 2022 A, Ref. RB |
5.00% | 02/15/2038 | 20 | 20,752 | ||||||||||
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (UPMC), Series 2022 A, Ref. RB |
5.00% | 02/15/2047 | 10 | 9,848 | ||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, First series 2023, Ref. RB |
5.00% | 12/01/2032 | 160 | 178,726 | ||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2016 B, Ref. RB |
3.00% | 06/01/2032 | 50 | 48,120 | ||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2022 A, Ref. RB |
5.00% | 12/01/2032 | 85 | 94,649 | ||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2022 B, Ref. RB |
5.00% | 12/01/2047 | 15 | 15,392 | ||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2022 B, Ref. RB |
5.25% | 12/01/2047 | 35 | 36,465 | ||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2022 B, Ref. RB |
5.25% | 12/01/2052 | 15 | 15,436 | ||||||||||
| Pennsylvania State University (The), Series 2022 A, RB |
5.00% | 09/01/2047 | 160 | 164,192 | ||||||||||
| Philadelphia (City of), PA, Series 2022 C, RB |
5.50% | 06/01/2047 | 410 | 431,702 | ||||||||||
| Philadelphia (City of), PA Authority for Industrial Development (Children’s Hospital of Philadelphia), Series 2021, Ref. RB |
5.00% | 07/01/2032 | 60 | 66,430 | ||||||||||
| Philadelphia (City of), PA Hospitals & Higher Education Facilities Authority (The) (Temple University Health System), Series 2022, Ref. RB, (INS - AGI)(a) |
5.00% | 07/01/2035 | 145 | 153,905 | ||||||||||
| Philadelphia (City of), PA Hospitals & Higher Education Facilities Authority (The) (Temple University Health System), Series 2022, Ref. RB, (INS - AGI)(a) |
5.00% | 07/01/2036 | 65 | 68,459 | ||||||||||
| Pittsburgh (City of), PA Water & Sewer Authority, Series 2019 B, Ref. RB, (INS - AGI)(a) |
5.00% | 09/01/2032 | 160 | 178,860 | ||||||||||
| Ridley School District, Series 2024 A, RB, (INS - AGI)(a) |
5.00% | 11/15/2050 | 150 | 149,643 | ||||||||||
| Southeastern Pennsylvania Transportation Authority (Asset Improvement Program), Series 2022, RB |
5.00% | 06/01/2034 | 10 | 11,054 | ||||||||||
| Southeastern Pennsylvania Transportation Authority (Asset Improvement Program), Series 2022, RB |
5.00% | 06/01/2037 | 30 | 32,384 | ||||||||||
| Southeastern Pennsylvania Transportation Authority (Asset Improvement Program), Series 2022, RB |
5.25% | 06/01/2040 | 100 | 107,082 | ||||||||||
| Southeastern Pennsylvania Transportation Authority (Asset Improvement Program), Series 2022, RB |
5.25% | 06/01/2041 | 150 | 159,633 | ||||||||||
| Southeastern Pennsylvania Transportation Authority (Asset Improvement Program), Series 2022, RB |
5.25% | 06/01/2052 | 10 | 10,212 | ||||||||||
|
|
|
|||||||||||||
| 3,783,733 | ||||||||||||||
|
|
|
|||||||||||||
| Puerto Rico-0.10% |
||||||||||||||
| Puerto Rico (Commonwealth of) Electric Power Authority, Series 2007 VV, Ref. RB, (INS - NATL)(a) |
5.25% | 07/01/2032 | 100 | 98,767 | ||||||||||
|
|
|
|||||||||||||
| Rhode Island-0.02% |
||||||||||||||
| Rhode Island (State of), Series 2022 A, GO Bonds |
5.00% | 08/01/2040 | 15 | 15,893 | ||||||||||
|
|
|
|||||||||||||
| South Carolina-0.59% |
||||||||||||||
| Charleston (City of), SC, Series 2022, RB |
5.00% | 01/01/2052 | 100 | 102,763 | ||||||||||
| Lexington & Richland School District No. 5, Series 2021 B, Ref. GO Bonds |
4.00% | 03/01/2032 | 15 | 15,673 | ||||||||||
| South Carolina (State of) Jobs-Economic Development Authority (Bon Secours Mercy Health), Series 2022 A, RB |
5.00% | 10/01/2035 | 65 | 69,796 | ||||||||||
| South Carolina (State of) Jobs-Economic Development Authority (Bon Secours Mercy Health), Series 2022 A, RB |
5.00% | 10/01/2037 | 140 | 147,644 | ||||||||||
| South Carolina (State of) Public Service Authority (Santee Cooper), Series 2013, RB |
4.00% | 12/01/2039 | 10 | 9,477 | ||||||||||
| South Carolina (State of) Public Service Authority (Santee Cooper), Series 2022 A, RB |
5.00% | 12/01/2033 | 15 | 16,266 | ||||||||||
| South Carolina (State of) Public Service Authority (Santee Cooper), Series 2022 A, RB |
4.00% | 12/01/2040 | 5 | 4,693 | ||||||||||
| South Carolina (State of) Public Service Authority (Santee Cooper), Series 2022 A, RB |
5.00% | 12/01/2044 | 10 | 10,006 | ||||||||||
| South Carolina (State of) Public Service Authority (Santee Cooper), Series 2022 E, RB |
5.75% | 12/01/2047 | 125 | 132,999 | ||||||||||
| South Carolina (State of) Public Service Authority (Santee Cooper), Series 2022 E, RB, (INS - AGI)(a) |
5.75% | 12/01/2052 | 5 | 5,303 | ||||||||||
| South Island Public Service District, Series 2022, RB |
5.00% | 04/01/2047 | 15 | 15,404 | ||||||||||
| Spartanburg County School District No. 4, Series 2022 A, GO Bonds |
5.25% | 03/01/2052 | 70 | 72,573 | ||||||||||
|
|
|
|||||||||||||
| 602,597 | ||||||||||||||
|
|
|
|||||||||||||
| Tennessee-0.70% |
||||||||||||||
| Metropolitan Nashville Airport Authority (The), Series 2022 A, RB |
5.25% | 07/01/2047 | 145 | 149,870 | ||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2021 C, GO Bonds |
4.00% | 01/01/2032 | 20 | 20,391 | ||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2022 A, GO Bonds |
4.00% | 01/01/2035 | 15 | 15,093 | ||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2022 B, GO Bonds |
5.00% | 01/01/2036 | 35 | 38,106 | ||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2022 B, GO Bonds |
5.00% | 01/01/2037 | 195 | 210,955 | ||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2022 B, GO Bonds |
4.00% | 01/01/2039 | 15 | 14,690 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2032 Municipal Bond ETF (BSMW)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Tennessee-(continued) |
||||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2022 B, GO Bonds |
4.00% | 01/01/2042 | $ | 10 | $ | 9,473 | ||||||||
| Tennessee (State of) School Bond Authority, Series 2022 A, RB, (CEP - Colorado Higher Education Intercept Program) |
5.00% | 11/01/2047 | 250 | 256,172 | ||||||||||
|
|
|
|||||||||||||
| 714,750 | ||||||||||||||
|
|
|
|||||||||||||
| Texas-10.20% |
||||||||||||||
| Argyle Independent School District, Series 2022, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2047 | 20 | 20,507 | ||||||||||
| Austin (City of), TX, Series 2022, Ref. RB |
5.00% | 11/15/2047 | 60 | 61,183 | ||||||||||
| Austin (City of), TX, Series 2024, Ref. RB |
5.00% | 11/15/2032 | 30 | 33,606 | ||||||||||
| Austin Independent School District, Series 2023, GO Bonds |
5.00% | 08/01/2032 | 30 | 33,557 | ||||||||||
| Austin Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/01/2032 | 25 | 27,981 | ||||||||||
| Austin Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/01/2041 | 20 | 20,969 | ||||||||||
| Barbers Hill Independent School District, Series 2022, GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 02/15/2041 | 215 | 206,626 | ||||||||||
| Bexar (County of), TX Hospital District, Series 2023, Ctfs. of Obligations |
5.00% | 02/15/2048 | 165 | 167,210 | ||||||||||
| Board of Regents of the University of Texas System, Series 2022 A, Ref. RB |
5.00% | 08/15/2032 | 125 | 140,030 | ||||||||||
| Board of Regents of the University of Texas System, Series 2023 A, RB |
5.00% | 08/15/2034 | 55 | 60,488 | ||||||||||
| Board of Regents of the University of Texas System, Series 2023 A, RB |
5.00% | 08/15/2043 | 190 | 198,660 | ||||||||||
| Brock Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 08/15/2048 | 100 | 89,567 | ||||||||||
| Bullard Independent School District, Series 2022, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2047 | 65 | 66,383 | ||||||||||
| Comal Independent School District, Series 2024, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2032 | 10 | 11,148 | ||||||||||
| Conroe Independent School District, Series 2022 A, GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 02/15/2047 | 10 | 9,030 | ||||||||||
| Corpus Christi (City of), TX, Series 2022 B, RB |
5.00% | 07/15/2047 | 50 | 50,992 | ||||||||||
| Corpus Christi (City of), TX, Series 2022 B, RB |
5.00% | 07/15/2052 | 105 | 106,563 | ||||||||||
| Cypress-Fairbanks Independent School District, Series 2022, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2034 | 75 | 82,917 | ||||||||||
| Cypress-Fairbanks Independent School District, Series 2022, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2035 | 20 | 21,976 | ||||||||||
| Cypress-Fairbanks Independent School District, Series 2022, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2036 | 25 | 27,280 | ||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2022 B, Ref. RB |
5.00% | 11/01/2034 | 25 | 27,440 | ||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2022 B, Ref. RB |
5.00% | 11/01/2035 | 20 | 21,779 | ||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2022 B, Ref. RB |
5.00% | 11/01/2037 | 60 | 64,354 | ||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2022 B, Ref. RB |
5.00% | 11/01/2038 | 20 | 21,279 | ||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2022 B, Ref. RB |
5.00% | 11/01/2039 | 20 | 21,146 | ||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2022 B, Ref. RB |
5.00% | 11/01/2050 | 15 | 15,129 | ||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2023 B, Ref. RB |
5.00% | 11/01/2032 | 220 | 244,996 | ||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2024, RB |
5.00% | 11/01/2032 | 25 | 27,840 | ||||||||||
| Dallas (City of), TX, Series 2023 A, Ref. GO Bonds |
5.00% | 02/15/2032 | 75 | 83,083 | ||||||||||
| Dallas (City of), TX Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2040 | 40 | 42,266 | ||||||||||
| Dallas (City of), TX Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2041 | 20 | 20,995 | ||||||||||
| Dallas (City of), TX Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2048 | 155 | 158,764 | ||||||||||
| Dallas College, Series 2022, GO Bonds |
5.00% | 02/15/2032 | 10 | 11,065 | ||||||||||
| Deer Park Independent School District, Series 2022, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2047 | 100 | 102,907 | ||||||||||
| Elgin Independent School District, Series 2022 A, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 08/01/2047 | 90 | 80,913 | ||||||||||
| Forney Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2048 | 115 | 117,459 | ||||||||||
| Fort Bend Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2053 | 100 | 101,852 | ||||||||||
| Fort Worth (City of), TX, Series 2023, RB |
4.13% | 02/15/2046 | 100 | 90,887 | ||||||||||
| Fredericksburg Independent School District, Series 2022, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2047 | 15 | 15,441 | ||||||||||
| Galveston (City of), TX, Series 2022 A, Ctfs. of Obligations |
4.63% | 05/01/2052 | 100 | 94,373 | ||||||||||
| Garland Independent School District, Series 2023 A, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2032 | 55 | 61,208 | ||||||||||
| Godley Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2055 | 100 | 101,585 | ||||||||||
| Harris (County of), TX, Series 2022 A, Ref. GO Bonds |
5.00% | 08/15/2032 | 175 | 195,444 | ||||||||||
| Harris (County of), TX, Series 2024 A, RB |
5.00% | 08/15/2032 | 10 | 11,100 | ||||||||||
| Harris (County of), TX Flood Control District (Green Bonds), Series 2022 A, GO Bonds |
4.25% | 10/01/2047 | 50 | 46,505 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2032 Municipal Bond ETF (BSMW)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Texas-(continued) |
||||||||||||||
| Harris (County of), TX Port Authority of Houston, Series 2021, RB |
5.00% | 10/01/2051 | $ | 70 | $ | 70,761 | ||||||||
| Harris County Cultural Education Facilities Finance Corp. (Memorial Hermann Health System), Series 2022, Ref. RB |
5.00% | 07/01/2052 | 25 | 24,890 | ||||||||||
| Houston (City of), TX, Series 2002 A, Ref. RB(b) |
5.75% | 12/01/2032 | 35 | 41,112 | ||||||||||
| Houston (City of), TX, Series 2014, RB |
4.00% | 11/15/2032 | 135 | 135,034 | ||||||||||
| Humble Independent School District, Series 2022, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2047 | 110 | 113,235 | ||||||||||
| Hurst-Euless-Bedford Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2032 | 25 | 27,938 | ||||||||||
| Irving Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2035 | 60 | 65,316 | ||||||||||
| Irving Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2036 | 215 | 232,198 | ||||||||||
| Irving Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2037 | 60 | 64,351 | ||||||||||
| Irving Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2038 | 90 | 95,699 | ||||||||||
| Irving Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2039 | 5 | 5,280 | ||||||||||
| Irving Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2040 | 100 | 104,692 | ||||||||||
| Lake Travis Independent School District, Series 2023, GO Bonds |
4.00% | 02/15/2048 | 100 | 89,205 | ||||||||||
| Lewisville Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2032 | 30 | 33,464 | ||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2022, Ref. RB |
5.50% | 05/15/2047 | 250 | 260,611 | ||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2023, Ref. RB, (INS - AGI)(a) |
5.00% | 05/15/2032 | 40 | 44,326 | ||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2023, Ref. RB, (INS - AGI)(a) |
5.00% | 05/15/2034 | 45 | 49,264 | ||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2023, Ref. RB, (INS - AGI)(a) |
5.50% | 05/15/2048 | 20 | 20,878 | ||||||||||
| Midland Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2032 | 10 | 11,135 | ||||||||||
| New Braunfels (City of), TX, Series 2022, RB |
5.00% | 07/01/2053 | 100 | 100,342 | ||||||||||
| North Texas Municipal Water District, Series 2021 A, Ref. RB |
3.00% | 09/01/2032 | 55 | 51,595 | ||||||||||
| North Texas Tollway Authority, Series 2021 B, RB |
4.00% | 01/01/2032 | 95 | 95,813 | ||||||||||
| North Texas Tollway Authority, Series 2022 A, Ref. RB |
5.25% | 01/01/2038 | 70 | 75,168 | ||||||||||
| North Texas Tollway Authority, Series 2022 A, Ref. RB |
5.00% | 01/01/2039 | 150 | 157,969 | ||||||||||
| North Texas Tollway Authority, Series 2022 A, Ref. RB |
5.00% | 01/01/2040 | 20 | 20,861 | ||||||||||
| Northwest Independent School District, Series 2022 A, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2048 | 210 | 214,128 | ||||||||||
| Northwest Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2038 | 20 | 21,457 | ||||||||||
| Northwest Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2048 | 65 | 66,278 | ||||||||||
| Permanent University Fund - University of Texas A&M System, Series 2023, RB |
5.00% | 07/01/2039 | 20 | 21,233 | ||||||||||
| Permanent University Fund - University of Texas A&M System, Series 2023, RB |
5.00% | 07/01/2040 | 40 | 42,229 | ||||||||||
| Permanent University Fund - University of Texas System, Series 2022 A, RB |
5.00% | 07/01/2032 | 210 | 235,320 | ||||||||||
| Permanent University Fund - University of Texas System, Series 2022 A, RB |
5.00% | 07/01/2042 | 25 | 26,060 | ||||||||||
| Permanent University Fund - University of Texas System, Series 2022, RB |
5.00% | 07/01/2034 | 25 | 27,564 | ||||||||||
| Permanent University Fund - University of Texas System, Series 2023 A, Ref. RB |
5.00% | 07/01/2032 | 100 | 111,990 | ||||||||||
| Pflugerville (City of), TX, Series 2023, Ctfs. of Obligations |
5.00% | 08/01/2053 | 200 | 201,635 | ||||||||||
| Pflugerville (City of), TX, Series 2023, GO Bonds |
5.00% | 08/01/2048 | 80 | 81,027 | ||||||||||
| Pflugerville Independent School District, Series 2023 A, GO Bonds |
5.00% | 02/15/2034 | 100 | 109,421 | ||||||||||
| Plano Independent School District, Series 2023, GO Bonds |
5.00% | 02/15/2032 | 65 | 71,593 | ||||||||||
| Plano Independent School District, Series 2023, GO Bonds |
5.00% | 02/15/2034 | 145 | 158,689 | ||||||||||
| Plano Independent School District, Series 2023, GO Bonds |
5.00% | 02/15/2035 | 15 | 16,319 | ||||||||||
| Plano Independent School District, Series 2023, GO Bonds |
5.00% | 02/15/2036 | 200 | 216,130 | ||||||||||
| Plano Independent School District, Series 2023, GO Bonds |
5.00% | 02/15/2037 | 20 | 21,463 | ||||||||||
| Plano Independent School District, Series 2023, GO Bonds |
5.00% | 02/15/2038 | 10 | 10,640 | ||||||||||
| Plano Independent School District, Series 2023, GO Bonds |
5.00% | 02/15/2041 | 10 | 10,390 | ||||||||||
| Prosper Independent School District, Series 2022, GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 02/15/2047 | 40 | 36,119 | ||||||||||
| San Antonio (City of), TX, Series 2015, Ref. RB |
4.00% | 02/01/2032 | 40 | 41,645 | ||||||||||
| San Antonio (City of), TX Water System, Series 2022 B, RB |
5.25% | 05/15/2052 | 100 | 103,059 | ||||||||||
| San Antonio Independent School District, Series 2022, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2052 | 100 | 101,618 | ||||||||||
| San Antonio Public Facilities Corp., Series 2022, Ref. RB |
5.00% | 09/15/2032 | 10 | 10,997 | ||||||||||
| San Antonio Public Facilities Corp., Series 2022, Ref. RB |
5.00% | 09/15/2035 | 30 | 32,350 | ||||||||||
| Seguin (City of), TX, Series 2022 A, Ctfs. of Obligations |
5.25% | 09/01/2057 | 100 | 101,841 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2032 Municipal Bond ETF (BSMW)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Texas-(continued) |
||||||||||||||
| Smith (County of), TX, Series 2023, GO Bonds |
5.00% | 08/15/2043 | $ | 10 | $ | 10,292 | ||||||||
| Smith (County of), TX, Series 2023, GO Bonds |
5.00% | 08/15/2048 | 100 | 101,709 | ||||||||||
| Southwest Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/01/2046 | 100 | 102,604 | ||||||||||
| Tarrant (County of), TX Regional Water District, Series 2024, Ref. RB |
5.00% | 03/01/2032 | 5 | 5,567 | ||||||||||
| Tarrant County College District, Series 2022, GO Bonds |
5.00% | 08/15/2032 | 35 | 38,994 | ||||||||||
| Tarrant County College District, Series 2022, GO Bonds |
5.00% | 08/15/2035 | 5 | 5,461 | ||||||||||
| Tarrant County College District, Series 2022, GO Bonds |
5.00% | 08/15/2036 | 20 | 21,697 | ||||||||||
| Tarrant County College District, Series 2022, GO Bonds |
5.00% | 08/15/2037 | 40 | 43,070 | ||||||||||
| Tarrant County College District, Series 2022, GO Bonds |
5.00% | 08/15/2038 | 70 | 74,729 | ||||||||||
| Tarrant County College District, Series 2022, GO Bonds |
5.00% | 08/15/2039 | 70 | 74,142 | ||||||||||
| Tarrant County College District, Series 2022, GO Bonds |
5.00% | 08/15/2040 | 50 | 52,625 | ||||||||||
| Tarrant County Cultural Education Facilities Finance Corp. (Baylor Scott & White Health), Series 2022, RB |
5.50% | 11/15/2047 | 85 | 88,133 | ||||||||||
| Tarrant County Cultural Education Facilities Finance Corp. (Baylor Scott & White Health), Series 2022, RB |
5.00% | 11/15/2051 | 100 | 99,536 | ||||||||||
| Tarrant County Cultural Education Facilities Finance Corp. (Christus Health), Series 2024 A, RB |
5.00% | 07/01/2032 | 90 | 96,872 | ||||||||||
| Tarrant County Cultural Education Facilities Finance Corp. (Methodist Hospitals of Dallas), Series 2022, RB |
5.00% | 10/01/2039 | 40 | 41,647 | ||||||||||
| Texas (State of) Transportation Commission (Central Texas Turnpike System), Series 2024 A, Ref. RB |
5.00% | 08/15/2032 | 10 | 11,039 | ||||||||||
| Texas (State of) Transportation Commission State Highway Fund, Series 2024, Ref. RB |
5.00% | 10/01/2032 | 370 | 414,889 | ||||||||||
| Texas (State of) Water Development Board, Series 2022, RB |
5.00% | 10/15/2034 | 50 | 55,369 | ||||||||||
| Texas (State of) Water Development Board, Series 2022, RB |
5.00% | 10/15/2035 | 40 | 43,986 | ||||||||||
| Texas (State of) Water Development Board, Series 2022, RB |
4.45% | 10/15/2036 | 20 | 20,670 | ||||||||||
| Texas (State of) Water Development Board, Series 2022, RB |
4.50% | 10/15/2037 | 35 | 36,001 | ||||||||||
| Texas (State of) Water Development Board, Series 2022, RB |
4.65% | 10/15/2040 | 5 | 5,099 | ||||||||||
| Texas (State of) Water Development Board, Series 2022, RB |
4.70% | 10/15/2041 | 170 | 172,895 | ||||||||||
| Texas (State of) Water Development Board, Series 2022, RB |
4.75% | 10/15/2042 | 100 | 101,490 | ||||||||||
| Texas (State of) Water Development Board, Series 2022, RB |
4.80% | 10/15/2052 | 250 | 246,497 | ||||||||||
| Texas (State of) Water Development Board (Master Trust), Series 2022, RB |
5.00% | 10/15/2047 | 40 | 40,799 | ||||||||||
| Texas A&M University, Series 2024 A, RB |
5.00% | 05/15/2032 | 145 | 162,021 | ||||||||||
| Texas State Technical College, Series 2022, RB, (INS - AGI)(a) |
5.50% | 08/01/2042 | 105 | 112,661 | ||||||||||
| Trinity River Authority, Series 2020, Ref. RB |
3.00% | 08/01/2032 | 105 | 101,103 | ||||||||||
| University of Houston, Series 2022 A, Ref. RB |
5.00% | 02/15/2032 | 70 | 77,410 | ||||||||||
| University of Houston, Series 2022 A, Ref. RB |
5.00% | 02/15/2034 | 40 | 43,419 | ||||||||||
| University of Houston, Series 2022 A, Ref. RB |
5.00% | 02/15/2036 | 25 | 26,790 | ||||||||||
| University of Houston, Series 2022 A, Ref. RB |
5.00% | 02/15/2038 | 15 | 15,853 | ||||||||||
| University of Houston, Series 2022 A, Ref. RB |
5.00% | 02/15/2040 | 40 | 41,716 | ||||||||||
| University of Houston, Series 2022 A, Ref. RB |
5.00% | 02/15/2042 | 160 | 165,034 | ||||||||||
| Waco Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 08/15/2048 | 150 | 134,511 | ||||||||||
| West Harris (County of), TX Regional Water Authority, Series 2022, RB, (INS - AGI)(a) |
5.50% | 12/15/2050 | 40 | 42,038 | ||||||||||
| White Settlement Independent School District, Series 2022, GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 08/15/2052 | 65 | 56,831 | ||||||||||
| Ysleta Independent School District, Series 2022, GO Bonds, (CEP - Texas Permanent School Fund) |
4.25% | 08/15/2056 | 150 | 134,953 | ||||||||||
|
|
|
|||||||||||||
| 10,418,967 | ||||||||||||||
|
|
|
|||||||||||||
| Utah-1.53% |
||||||||||||||
| Intermountain Power Agency, Series 2022 A, Ref. RB |
5.00% | 07/01/2032 | 135 | 145,600 | ||||||||||
| Intermountain Power Agency, Series 2023 A, RB |
5.00% | 07/01/2032 | 100 | 109,789 | ||||||||||
| Intermountain Power Agency, Series 2023 A, RB |
5.00% | 07/01/2034 | 105 | 112,890 | ||||||||||
| Intermountain Power Agency, Series 2023 A, RB |
5.00% | 07/01/2038 | 110 | 114,918 | ||||||||||
| Intermountain Power Agency, Series 2023 A, RB |
5.00% | 07/01/2039 | 15 | 15,624 | ||||||||||
| Intermountain Power Agency, Series 2023 A, RB |
5.00% | 07/01/2040 | 120 | 124,370 | ||||||||||
| Intermountain Power Agency, Series 2023 A, RB |
5.00% | 07/01/2041 | 5 | 5,153 | ||||||||||
| Intermountain Power Agency, Series 2023 A, RB |
5.00% | 07/01/2042 | 130 | 133,197 | ||||||||||
| Intermountain Power Agency, Series 2023 A, RB |
5.25% | 07/01/2043 | 15 | 15,564 | ||||||||||
| University of Utah (The), Series 2022 B, RB |
5.00% | 08/01/2036 | 20 | 21,628 | ||||||||||
| University of Utah (The) (Green Bonds), Series 2022 B, RB |
5.00% | 08/01/2032 | 100 | 112,197 | ||||||||||
| University of Utah (The) (Green Bonds), Series 2022 B, RB |
5.00% | 08/01/2034 | 35 | 38,510 | ||||||||||
| University of Utah (The) (Green Bonds), Series 2022 B, RB |
5.00% | 08/01/2035 | 25 | 27,282 | ||||||||||
| University of Utah (The) (Green Bonds), Series 2022 B, RB |
5.00% | 08/01/2037 | 140 | 150,311 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2032 Municipal Bond ETF (BSMW)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Utah-(continued) |
||||||||||||||
| University of Utah (The) (Green Bonds), Series 2022 B, RB |
5.00% | 08/01/2038 | $ | 50 | $ | 53,247 | ||||||||
| University of Utah (The) (Green Bonds), Series 2022 B, RB |
5.00% | 08/01/2039 | 20 | 21,171 | ||||||||||
| University of Utah (The) (Green Bonds), Series 2022 B, RB |
5.00% | 08/01/2040 | 95 | 99,991 | ||||||||||
| University of Utah (The) (Green Bonds), Series 2022 B, RB |
5.00% | 08/01/2042 | 135 | 140,390 | ||||||||||
| Utah (State of) Transit Authority, Series 2006 C, Ref. RB, (INS - AGI)(a) |
5.25% | 06/15/2032 | 95 | 104,417 | ||||||||||
| Utah Telecommunication Open Infrastructure Agency, Series 2022, Ref. RB |
4.38% | 06/01/2040 | 20 | 20,034 | ||||||||||
|
|
|
|||||||||||||
| 1,566,283 | ||||||||||||||
|
|
|
|||||||||||||
| Virginia-2.00% |
||||||||||||||
| Fairfax (County of), VA, Series 2023 A, GO Bonds |
4.00% | 10/01/2033 | 150 | 156,668 | ||||||||||
| Fairfax (County of), VA, Series 2023 A, GO Bonds |
4.00% | 10/01/2034 | 30 | 30,924 | ||||||||||
| Fairfax (County of), VA Industrial Development Authority (Inova Health System), Series 2022, Ref. RB |
5.00% | 05/15/2036 | 15 | 16,272 | ||||||||||
| Fairfax (County of), VA Industrial Development Authority (Inova Health System), Series 2022, Ref. RB |
5.00% | 05/15/2037 | 15 | 16,181 | ||||||||||
| Fairfax (County of), VA Industrial Development Authority (Inova Health System), Series 2022, Ref. RB |
4.00% | 05/15/2042 | 250 | 231,241 | ||||||||||
| Northern Virginia Transportation Commission (Transforming Rail in Virginia), Series 2022, RB |
5.00% | 06/01/2047 | 75 | 77,656 | ||||||||||
| Northern Virginia Transportation Commission (Transforming Rail in Virginia), Series 2022, RB |
5.00% | 06/01/2052 | 150 | 154,290 | ||||||||||
| Virginia (Commonwealth of) Transportation Board, Series 2022, Ref. RB |
4.00% | 05/15/2034 | 25 | 25,790 | ||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Centuity College and Equipment), Series 2021, RB |
4.00% | 02/01/2032 | 5 | 5,163 | ||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Centuity College and Equipment), Series 2022, RB |
5.00% | 02/01/2032 | 35 | 39,138 | ||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Centuity College and Equipment), Series 2024, RB |
5.00% | 02/01/2032 | 20 | 22,326 | ||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and Equipment Programs), Series 2017, RB |
3.00% | 02/01/2032 | 175 | 169,297 | ||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and Equipment Programs), Series 2022 A, RB |
5.00% | 02/01/2035 | 75 | 82,348 | ||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and Equipment Programs), Series 2022 A, RB |
5.00% | 02/01/2036 | 75 | 81,749 | ||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and Equipment Programs), Series 2022, RB |
5.25% | 02/01/2041 | 20 | 21,392 | ||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and Equipment Programs), Series 2022, RB |
5.00% | 02/01/2042 | 40 | 41,827 | ||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and Equipment Programs), Series 2023, Ref. RB |
5.00% | 02/01/2032 | 150 | 167,448 | ||||||||||
| Virginia (Commonwealth of) Public Building Authority, Series 2021 A-1, RB |
5.00% | 08/01/2032 | 15 | 16,568 | ||||||||||
| Virginia (Commonwealth of) Public Building Authority (Bidding Group 1), Series 2022 A, RB |
5.00% | 08/01/2032 | 55 | 61,746 | ||||||||||
| Virginia (Commonwealth of) Public Building Authority (Bidding Group 1), Series 2022 A, RB |
5.00% | 08/01/2034 | 20 | 22,153 | ||||||||||
| Virginia (Commonwealth of) Public Building Authority (Bidding Group 1), Series 2022 A, RB |
5.00% | 08/01/2035 | 105 | 115,352 | ||||||||||
| Virginia (Commonwealth of) Public Building Authority (Bidding Group 2), Series 2022 A, RB |
5.00% | 08/01/2036 | 65 | 70,889 | ||||||||||
| Virginia (Commonwealth of) Public Building Authority (Bidding Group 2), Series 2022 A, RB |
5.00% | 08/01/2037 | 65 | 70,295 | ||||||||||
| Virginia (Commonwealth of) Public School Authority, Series 2022 B, RB |
5.00% | 08/01/2052 | 100 | 102,285 | ||||||||||
| Virginia (Commonwealth of) Small Business Financing Authority (Bon Secours Mercy Health, Inc.), Series 2022, RB |
5.00% | 10/01/2042 | 100 | 101,342 | ||||||||||
| Virginia (Commonwealth of) Transportation Board, Series 2022, Ref. RB |
5.00% | 05/15/2032 | 35 | 39,225 | ||||||||||
| Virginia (Commonwealth of) Transportation Board, Series 2022, Ref. RB |
4.00% | 05/15/2035 | 5 | 5,125 | ||||||||||
| Virginia (Commonwealth of) Transportation Board, Series 2022, Ref. RB |
4.00% | 05/15/2036 | 50 | 50,797 | ||||||||||
| Virginia (Commonwealth of) Transportation Board, Series 2022, Ref. RB |
4.00% | 05/15/2037 | 45 | 45,312 | ||||||||||
|
|
|
|||||||||||||
| 2,040,799 | ||||||||||||||
|
|
|
|||||||||||||
| Washington-4.17% |
||||||||||||||
| Central Puget Sound Regional Transit Authority (Green Bonds), Series 2021 S-1, Ref. RB |
5.00% | 11/01/2032 | 50 | 55,713 | ||||||||||
| Clark County School District No. 114 Evergreen, Series 2022, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.25% | 12/01/2040 | 45 | 48,179 | ||||||||||
| Douglas (County of), WA Public Utility District No. 1, Series 2022 B, RB |
5.00% | 09/01/2047 | 100 | 102,523 | ||||||||||
| Energy Northwest, Series 2024 A, Ref. RB |
5.00% | 07/01/2032 | 5 | 5,613 | ||||||||||
| Energy Northwest (Columbia Generating Station), Series 2022, Ref. RB |
5.00% | 07/01/2032 | 15 | 16,839 | ||||||||||
| Energy Northwest (Columbia Generating Station), Series 2022, Ref. RB |
5.00% | 07/01/2034 | 15 | 16,558 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2032 Municipal Bond ETF (BSMW)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Washington-(continued) |
||||||||||||||
| Energy Northwest (Columbia Generating Station), Series 2022, Ref. RB |
5.00% | 07/01/2035 | $ | 10 | $ | 10,969 | ||||||||
| Energy Northwest (Columbia Generating Station), Series 2022, Ref. RB |
5.00% | 07/01/2036 | 295 | 319,930 | ||||||||||
| Energy Northwest (Columbia Generating Station), Series 2022, Ref. RB |
5.00% | 07/01/2037 | 275 | 295,971 | ||||||||||
| King & Snohomish Counties School District No. 417 Northshore, Series 2022, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2039 | 20 | 21,155 | ||||||||||
| King & Snohomish Counties School District No. 417 Northshore, Series 2024, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 12/01/2032 | 35 | 36,687 | ||||||||||
| King (County of), WA, Series 2021 A, GO Bonds |
5.00% | 01/01/2032 | 45 | 49,861 | ||||||||||
| King County School District No. 401 Highline, Series 2017, GO Bonds, (CEP - Oregon School Bond Guaranty) |
3.13% | 12/01/2032 | 35 | 33,687 | ||||||||||
| King County School District No. 401 Highline, Series 2023, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2032 | 5 | 5,571 | ||||||||||
| King County School District No. 401 Highline, Series 2023, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2034 | 5 | 5,523 | ||||||||||
| King County School District No. 401 Highline, Series 2023, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2040 | 315 | 334,409 | ||||||||||
| King County School District No. 401 Highline, Series 2023, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2041 | 15 | 15,773 | ||||||||||
| King County School District No. 403 Renton, Series 2023, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2037 | 25 | 27,031 | ||||||||||
| King County School District No. 403 Renton, Series 2023, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2038 | 50 | 53,637 | ||||||||||
| King County School District No. 403 Renton, Series 2023, GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 12/01/2039 | 10 | 9,722 | ||||||||||
| King County School District No. 403 Renton, Series 2023, GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 12/01/2040 | 10 | 9,670 | ||||||||||
| Seattle (City of), WA, Series 2022, Ref. RB |
5.00% | 07/01/2047 | 20 | 20,445 | ||||||||||
| Seattle (City of), WA, Series 2022, Ref. RB |
5.00% | 07/01/2052 | 15 | 15,160 | ||||||||||
| Seattle (City of), WA, Series 2023 A, Ref. RB |
5.00% | 03/01/2032 | 20 | 22,357 | ||||||||||
| Seattle (Port of), WA, Series 2022 A, Ref. RB |
5.00% | 08/01/2032 | 10 | 11,118 | ||||||||||
| Snohomish County School District No. 6 Mukilteo, Series 2022, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2034 | 30 | 33,242 | ||||||||||
| Spokane County School District No. 81, Series 2022, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2037 | 50 | 53,690 | ||||||||||
| Spokane County School District No. 81, Series 2022, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2038 | 10 | 10,680 | ||||||||||
| Washington (State of), Series 2021 A, Ref. GO Bonds |
4.00% | 02/01/2035 | 30 | 30,658 | ||||||||||
| Washington (State of), Series R-2023B, Ref. GO Bonds |
5.00% | 07/01/2032 | 330 | 370,458 | ||||||||||
| Washington (State of), Series R-2024C, Ref. GO Bonds |
5.00% | 08/01/2032 | 100 | 112,334 | ||||||||||
| Washington (State of) (Bid Group 1), Series 2022 A-1, GO Bonds |
5.00% | 08/01/2032 | 115 | 129,184 | ||||||||||
| Washington (State of) (Bid Group 1), Series 2022 A-1, GO Bonds |
5.00% | 08/01/2034 | 35 | 38,698 | ||||||||||
| Washington (State of) (Bid Group 1), Series 2022 A-1, GO Bonds |
5.00% | 08/01/2035 | 125 | 136,922 | ||||||||||
| Washington (State of) (Bid Group 1), Series 2022 A-1, GO Bonds |
5.00% | 08/01/2036 | 10 | 10,848 | ||||||||||
| Washington (State of) (Bid Group 1), Series 2023 B, GO Bonds |
5.00% | 02/01/2032 | 105 | 117,415 | ||||||||||
| Washington (State of) (Bid Group 1), Series 2024-A, GO Bonds |
5.00% | 08/01/2032 | 50 | 56,167 | ||||||||||
| Washington (State of) (Bid Group 2), Series 2022 A-2, GO Bonds |
5.00% | 08/01/2038 | 70 | 74,725 | ||||||||||
| Washington (State of) (Bid Group 2), Series 2022 A-2, GO Bonds |
5.00% | 08/01/2039 | 5 | 5,305 | ||||||||||
| Washington (State of) (Bid Group 2), Series 2022 A-2, GO Bonds |
5.00% | 08/01/2040 | 5 | 5,279 | ||||||||||
| Washington (State of) (Bid Group 2), Series 2022 A-2, GO Bonds |
5.00% | 08/01/2041 | 205 | 215,061 | ||||||||||
| Washington (State of) (Bid Group 2), Series 2022 A-2, GO Bonds |
5.00% | 08/01/2042 | 125 | 130,303 | ||||||||||
| Washington (State of) (Bid Group 2), Series 2022 A-2, GO Bonds |
5.00% | 08/01/2043 | 300 | 311,410 | ||||||||||
| Washington (State of) (Bid Group 2), Series 2022 C, GO Bonds |
5.00% | 02/01/2034 | 100 | 110,221 | ||||||||||
| Washington (State of) (Bid Group 2), Series 2022 C, GO Bonds |
5.00% | 02/01/2035 | 85 | 92,902 | ||||||||||
| Washington (State of) (Bid Group 2), Series 2022 C, GO Bonds |
5.00% | 02/01/2036 | 85 | 92,053 | ||||||||||
| Washington (State of) (Bid Group 2), Series 2022 C, GO Bonds |
5.00% | 02/01/2037 | 95 | 102,510 | ||||||||||
| Washington (State of) (Bid Group 2), Series 2022 C, GO Bonds |
5.00% | 02/01/2038 | 55 | 58,709 | ||||||||||
| Washington (State of) (Bid Group 2), Series 2022 C, GO Bonds |
5.00% | 02/01/2039 | 40 | 42,415 | ||||||||||
| Washington (State of) (Bid Group 2), Series 2022 C, GO Bonds |
5.00% | 02/01/2041 | 40 | 41,825 | ||||||||||
| Washington (State of) (Bid Group 2), Series 2022 C, Ref. GO Bonds |
4.00% | 07/01/2034 | 20 | 20,598 | ||||||||||
| Washington (State of) (Bid Group 2), Series R-2023A, Ref. GO Bonds |
5.00% | 08/01/2032 | 40 | 44,934 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2032 Municipal Bond ETF (BSMW)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Washington-(continued) |
||||||||||||||
| Washington (State of) (Bid Group 3), Series 2022 A-3, GO Bonds |
5.00% | 08/01/2044 | $ | 40 | $ | 41,361 | ||||||||
| Washington (State of) (Bid Group 3), Series 2022 A-3, GO Bonds |
5.00% | 08/01/2045 | 25 | 25,766 | ||||||||||
| Washington (State of) (Bid Group 3), Series 2022 A-3, GO Bonds |
5.00% | 08/01/2046 | 60 | 61,609 | ||||||||||
| Washington (State of) (Bid Group 3), Series 2022 C, GO Bonds |
5.00% | 02/01/2040 | 5 | 5,262 | ||||||||||
| Washington (State of) (Bid Group 3), Series 2022 C, GO Bonds |
5.00% | 02/01/2045 | 25 | 25,716 | ||||||||||
| Washington (State of) (Bid Group 3), Series 2022 C, GO Bonds |
5.00% | 02/01/2046 | 105 | 107,673 | ||||||||||
|
|
|
|||||||||||||
| 4,260,034 | ||||||||||||||
|
|
|
|||||||||||||
| Wisconsin-1.01% |
||||||||||||||
| Wisconsin (State of), Series 2022 4, Ref. GO Bonds |
5.00% | 05/01/2032 | 35 | 39,233 | ||||||||||
| Wisconsin (State of), Series 2023 A, GO Bonds |
5.00% | 05/01/2036 | 100 | 108,788 | ||||||||||
| Wisconsin (State of), Series 2023 A, GO Bonds |
5.00% | 05/01/2037 | 20 | 21,610 | ||||||||||
| Wisconsin (State of), Series 2023 A, GO Bonds |
5.00% | 05/01/2039 | 50 | 53,228 | ||||||||||
| Wisconsin (State of), Series 2023 B, GO Bonds |
5.00% | 05/01/2040 | 5 | 5,294 | ||||||||||
| Wisconsin (State of), Series 2023-2, Ref. GO Bonds |
5.00% | 05/01/2032 | 105 | 117,700 | ||||||||||
| Wisconsin (State of) Department of Transportation, Series 2023-1, Ref. RB |
5.00% | 07/01/2032 | 25 | 28,133 | ||||||||||
| Wisconsin (State of) Department of Transportation, Series 2024-2, Ref. RB |
5.00% | 07/01/2032 | 260 | 292,581 | ||||||||||
| Wisconsin (State of) Public Finance Authority, Series 2022, Ref. RB |
5.25% | 03/01/2047 | 15 | 14,332 | ||||||||||
| Wisconsin (State of) Public Finance Authority (Cone Health), Series 2022 A-1, RB, (INS -BAM)(a) |
5.50% | 07/01/2052 | 350 | 353,893 | ||||||||||
|
|
|
|||||||||||||
| 1,034,792 | ||||||||||||||
|
|
|
|||||||||||||
| TOTAL INVESTMENTS IN SECURITIES(d)
-98.24% |
100,337,986 | |||||||||||||
| OTHER ASSETS LESS LIABILITIES-1.76% |
1,796,476 | |||||||||||||
|
|
|
|||||||||||||
| NET ASSETS-100.00% |
$ | 102,134,462 | ||||||||||||
|
|
|
|||||||||||||
Investment Abbreviations:
| AGI |
-Assured Guaranty, Inc. | |
| BAM |
-Build America Mutual Assurance Co. | |
| CEP |
-Credit Enhancement Provider | |
| COP |
-Certificates of Participation | |
| Ctfs. |
-Certificates | |
| GO |
-General Obligation | |
| INS |
-Insurer | |
| NATL |
-National Public Finance Guarantee Corp. | |
| RB |
-Revenue Bonds | |
| Ref. |
-Refunding | |
| RN |
-Revenue Notes | |
| Wts. |
-Warrants |
Notes to Schedule of Investments:
| (a) | Principal and/or interest payments are secured by the bond insurance company listed. |
| (b) | Advance refunded; secured by an escrow fund of U.S. Government obligations or other highly rated collateral. |
| (c) | Security has an irrevocable call by the issuer or mandatory put by the holder. Maturity date reflects such call or put. |
| (d) | Entities may either issue, guarantee, back or otherwise enhance the credit quality of a security. The entities are not primarily responsible for the issuer’s obligations but may be called upon to satisfy the issuer’s obligations. No concentration of any single entity was greater than 5% each. |
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments
Invesco BulletShares 2033 Municipal Bond ETF (BSSX)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Municipal Obligations-98.54% |
||||||||||||||
| Alabama-2.28% |
||||||||||||||
| Alabama (State of) Corrections Institution Finance Authority, Series 2022, RB |
5.00% | 07/01/2033 | $ | 15 | $ | 16,415 | ||||||||
| Jefferson (County of), AL, Series 2024, Ref. RB |
5.00% | 10/01/2037 | 50 | 52,947 | ||||||||||
| Jefferson (County of), AL, Series 2024, Ref. RB |
5.00% | 10/01/2039 | 75 | 78,085 | ||||||||||
| Jefferson (County of), AL, Series 2024, Ref. RB |
5.25% | 10/01/2042 | 120 | 124,752 | ||||||||||
| Jefferson (County of), AL, Series 2024, Ref. RB |
5.25% | 10/01/2045 | 600 | 613,635 | ||||||||||
| Jefferson (County of), AL, Series 2024, Ref. Revenue Wts |
5.25% | 10/01/2040 | 5 | 5,269 | ||||||||||
| Jefferson (County of), AL, Series 2024, Ref. Revenue Wts |
5.25% | 10/01/2043 | 445 | 458,403 | ||||||||||
| Jefferson (County of), AL, Series 2024, Ref. Revenue Wts |
5.25% | 10/01/2049 | 25 | 25,261 | ||||||||||
| Madison (City of), AL Water & Wastewater Board, Series 2023, RB |
5.25% | 12/01/2053 | 300 | 313,150 | ||||||||||
| Montgomery (City of), AL, Series 2023, RB |
5.00% | 09/01/2048 | 15 | 15,494 | ||||||||||
|
|
|
|||||||||||||
| 1,703,411 | ||||||||||||||
|
|
|
|||||||||||||
| Arizona-1.37% |
||||||||||||||
| Arizona (State of) Department of Transportation, Series 2023, RB |
5.00% | 07/01/2033 | 15 | 16,881 | ||||||||||
| Gilbert Water Resource Municipal Property Corp. (Green Bonds), Series 2022, RB |
5.00% | 07/15/2033 | 20 | 22,313 | ||||||||||
| Maricopa (County of), AZ Industrial Development Authority (Banner Health Obligated Group), Series 2016 A, Ref. RB |
3.13% | 01/01/2033 | 85 | 80,783 | ||||||||||
| Phoenix Civic Improvement Corp., Series 2023, RB |
5.00% | 07/01/2035 | 25 | 27,853 | ||||||||||
| Phoenix Civic Improvement Corp., Series 2023, RB |
5.00% | 07/01/2036 | 80 | 88,178 | ||||||||||
| Phoenix Civic Improvement Corp., Series 2023, RB |
5.00% | 07/01/2037 | 65 | 70,837 | ||||||||||
| Phoenix Civic Improvement Corp., Series 2023, RB |
5.00% | 07/01/2043 | 15 | 15,617 | ||||||||||
| Phoenix Civic Improvement Corp., Series 2023, RB |
5.25% | 07/01/2047 | 40 | 41,741 | ||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2023 A, RB |
5.00% | 01/01/2043 | 105 | 109,473 | ||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2023 A, RB |
5.00% | 01/01/2047 | 165 | 169,101 | ||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2023 A, RB |
5.00% | 01/01/2050 | 115 | 117,103 | ||||||||||
| University of Arizona Board of Regents (Green Bonds), Series 2023 A, RB |
5.50% | 07/01/2048 | 250 | 262,909 | ||||||||||
|
|
|
|||||||||||||
| 1,022,789 | ||||||||||||||
|
|
|
|||||||||||||
| California-16.68% |
||||||||||||||
| Alameda (County of), CA Joint Powers Authority (Highland Hospital Project), Series 2023, Ref. RB |
5.00% | 12/01/2033 | 55 | 63,315 | ||||||||||
| Alameda Unified School District (Election of 2022), Series 2024 B, GO Bonds |
5.00% | 08/01/2049 | 130 | 134,435 | ||||||||||
| Alameda Unified School District (Election of 2022), Series 2024 B, GO Bonds |
4.00% | 08/01/2052 | 5 | 4,388 | ||||||||||
| Bay Area Toll Authority, Series 2024 S-11, Ref. RB |
5.00% | 04/01/2033 | 35 | 40,059 | ||||||||||
| Bay Area Toll Authority (San Francisco Bay Area), Series 2023 F-1, RB |
5.00% | 04/01/2054 | 150 | 154,474 | ||||||||||
| Benicia Unified School District (Election of 2004), Series 2024 A, GO Bonds |
5.00% | 08/01/2053 | 100 | 103,169 | ||||||||||
| California (State of), Series 2015 C, Ref. GO Bonds |
3.38% | 09/01/2033 | 50 | 48,713 | ||||||||||
| California (State of), Series 2015, Ref. GO Bonds |
3.50% | 08/01/2033 | 5 | 4,919 | ||||||||||
| California (State of), Series 2016, Ref. GO Bonds |
3.00% | 09/01/2033 | 285 | 275,054 | ||||||||||
| California (State of), Series 2019, GO Bonds |
3.00% | 10/01/2033 | 165 | 159,197 | ||||||||||
| California (State of), Series 2022, GO Bonds |
5.00% | 04/01/2033 | 230 | 259,466 | ||||||||||
| California (State of), Series 2022, GO Bonds |
5.00% | 09/01/2033 | 5 | 5,585 | ||||||||||
| California (State of), Series 2023, GO Bonds |
5.00% | 09/01/2033 | 30 | 33,932 | ||||||||||
| California (State of), Series 2023, GO Bonds |
5.00% | 10/01/2033 | 15 | 16,870 | ||||||||||
| California (State of), Series 2023, GO Bonds |
5.00% | 09/01/2035 | 10 | 11,132 | ||||||||||
| California (State of), Series 2023, GO Bonds |
5.00% | 10/01/2035 | 275 | 304,584 | ||||||||||
| California (State of), Series 2023, GO Bonds |
5.00% | 09/01/2037 | 20 | 21,894 | ||||||||||
| California (State of), Series 2023, GO Bonds |
5.00% | 09/01/2038 | 65 | 70,628 | ||||||||||
| California (State of), Series 2023, GO Bonds |
5.00% | 10/01/2039 | 65 | 70,113 | ||||||||||
| California (State of), Series 2023, GO Bonds |
5.00% | 10/01/2045 | 600 | 627,856 | ||||||||||
| California (State of), Series 2023, GO Bonds |
5.25% | 10/01/2045 | 15 | 15,964 | ||||||||||
| California (State of), Series 2023, Ref. GO Bonds |
5.00% | 09/01/2033 | 85 | 96,140 | ||||||||||
| California (State of), Series 2023, Ref. GO Bonds |
5.00% | 10/01/2033 | 90 | 101,219 | ||||||||||
| California (State of), Series 2023, Ref. GO Bonds |
5.00% | 10/01/2036 | 170 | 186,554 | ||||||||||
| California (State of), Series 2023, Ref. GO Bonds |
4.00% | 10/01/2042 | 5 | 4,828 | ||||||||||
| California (State of), Series 2023, Ref. GO Bonds |
5.00% | 10/01/2042 | 315 | 335,490 | ||||||||||
| California (State of), Series 2023, Ref. GO Bonds |
4.00% | 09/01/2043 | 10 | 9,557 | ||||||||||
| California (State of), Series 2023, Ref. GO Bonds |
5.00% | 09/01/2043 | 5 | 5,307 | ||||||||||
| California (State of), Series 2024, GO Bonds |
5.00% | 09/01/2033 | 55 | 62,208 | ||||||||||
| California (State of), Series 2024, GO Bonds |
5.00% | 09/01/2033 | 20 | 22,621 | ||||||||||
| California (State of), Series 2024, Ref. GO Bonds |
5.00% | 08/01/2033 | 40 | 45,220 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2033 Municipal Bond ETF (BSSX)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| California-(continued) |
||||||||||||||
| California (State of) Educational Facilities Authority (Stanford University), Series 2023 V-3, RB |
5.00% | 06/01/2033 | $ | 150 | $ | 172,377 | ||||||||
| California (State of) Educational Facilities Authority (University of the Pacific), Series 2023, RB |
5.00% | 11/01/2053 | 5 | 5,103 | ||||||||||
| California (State of) Health Facilities Financing Authority (Adventist Health System), Series 2013 A, RB |
4.00% | 03/01/2033 | 50 | 48,943 | ||||||||||
| California (State of) Health Facilities Financing Authority (Scripps Health), Series 2024 A, Ref. RB |
5.00% | 11/15/2033 | 10 | 11,364 | ||||||||||
| California (State of) Health Facilities Financing Authority (Scripps Health), Series 2024 A, Ref. RB |
5.00% | 11/15/2038 | 15 | 16,304 | ||||||||||
| California (State of) Health Facilities Financing Authority (Scripps Health), Series 2024 A, Ref. RB |
5.00% | 11/15/2039 | 25 | 26,982 | ||||||||||
| California (State of) Health Facilities Financing Authority (Scripps Health), Series 2024 A, Ref. RB |
5.00% | 11/15/2041 | 375 | 399,373 | ||||||||||
| California (State of) Health Facilities Financing Authority (Scripps Health), Series 2024 A, Ref. RB |
5.00% | 11/15/2043 | 30 | 31,499 | ||||||||||
| California (State of) Health Facilities Financing Authority (Stanford Health Care), Series 2023 A, RB |
5.00% | 08/15/2033 | 40 | 45,447 | ||||||||||
| California (State of) Infrastructure & Economic Development Bank (Clean Water Revolving Fund) (Green Bonds), Series 2023, RB |
5.00% | 10/01/2033 | 5 | 5,696 | ||||||||||
| California (State of) Infrastructure & Economic Development Bank (The J. Paul Getty Trust), Series 2020 A-1, Ref. RB |
5.00% | 04/01/2033 | 160 | 184,213 | ||||||||||
| California (State of) Infrastructure & Economic Development Bank (The J. Paul Getty Trust), Series 2023, Ref. RB |
5.00% | 04/01/2033 | 25 | 28,783 | ||||||||||
| California (State of) Public Finance Authority (Sharp Healthcare), Series 2024 A, Ref. RB |
5.00% | 08/01/2033 | 5 | 5,695 | ||||||||||
| California (State of) Public Works Board (Various Capital), Series 2023 C, Ref. RB |
5.00% | 09/01/2033 | 50 | 56,360 | ||||||||||
| California (State of) Public Works Board (Various Capital), Series 2023 C, Ref. RB |
5.00% | 09/01/2036 | 20 | 21,946 | ||||||||||
| California (State of) Public Works Board (Various Capital), Series 2023 D, RB |
5.00% | 11/01/2037 | 60 | 65,348 | ||||||||||
| California (State of) Public Works Board (Various Capital), Series 2023 D, RB |
5.00% | 11/01/2038 | 30 | 32,337 | ||||||||||
| California (State of) Public Works Board (Various Capital), Series 2023 D, RB |
4.50% | 11/01/2043 | 10 | 10,060 | ||||||||||
| California (State of) Public Works Board (Various Capital), Series 2023 D, RB |
5.00% | 11/01/2044 | 15 | 15,626 | ||||||||||
| California (State of) Public Works Board (Various Capital), Series 2023, Ref. RB |
5.00% | 12/01/2033 | 20 | 22,307 | ||||||||||
| California (State of) Public Works Board (Various Capital), Series 2023, Ref. RB |
5.00% | 09/01/2035 | 45 | 49,857 | ||||||||||
| California (State of) Public Works Board (Various Capital), Series 2023, Ref. RB |
5.00% | 09/01/2038 | 140 | 150,887 | ||||||||||
| California (State of) Public Works Board (Various Capital), Series 2024, Ref. RB |
5.00% | 09/01/2033 | 50 | 56,360 | ||||||||||
| California State University, Series 2016 A, Ref. RB |
3.00% | 11/01/2033 | 25 | 23,677 | ||||||||||
| California State University, Series 2023 A, RB |
5.25% | 11/01/2048 | 100 | 105,984 | ||||||||||
| Central Unified School District, Series 2023 B, GO Bonds |
4.00% | 08/01/2050 | 5 | 4,576 | ||||||||||
| Downey Unified School District, Series 2023 A, GO Bonds |
4.00% | 08/01/2052 | 25 | 22,619 | ||||||||||
| Dublin Unified School District (Election of 2020), Series 2023 B, GO Bonds |
4.13% | 08/01/2049 | 250 | 236,784 | ||||||||||
| East Bay Municipal Utility District (Green Bonds), Series 2024 A, RB |
5.00% | 06/01/2042 | 160 | 171,507 | ||||||||||
| East Bay Municipal Utility District (Green Bonds), Series 2024 A, RB |
5.00% | 06/01/2054 | 20 | 20,771 | ||||||||||
| El Centro (City of), CA Financing Authority (Police Station), Series 2023 A, RB |
4.25% | 10/01/2047 | 100 | 95,035 | ||||||||||
| El Rancho Unified School District (Election of 2016), Series 2023 D, GO Bonds, (INS - BAM)(a) |
5.75% | 08/01/2048 | 20 | 22,188 | ||||||||||
| Hayward Area Recreation & Park District, Series 2023 B, GO Bonds |
5.00% | 08/01/2052 | 40 | 41,071 | ||||||||||
| Imperial (County of), CA Community college District (Election of 2022), Series 2023 A, GO Bonds, (INS - AGI)(a) |
5.25% | 08/01/2053 | 10 | 10,444 | ||||||||||
| Imperial Irrigation District, Series 2016 C, Ref. RB |
3.00% | 11/01/2033 | 40 | 37,927 | ||||||||||
| Irvine Facilities Financing Authority (Irvine Great Park Infrastructure), Series 2023 A, RB, (INS - BAM)(a) |
5.25% | 09/01/2053 | 375 | 389,969 | ||||||||||
| Irvine Facilities Financing Authority (Irvine Great Park Infrastructure), Series 2023, RB, (INS - BAM)(a) |
5.00% | 09/01/2048 | 100 | 103,051 | ||||||||||
| Kern High School District (Election of 2022), Series 2023 A, GO Bonds |
5.00% | 08/01/2033 | 5 | 5,765 | ||||||||||
| Long Beach Unified School District (Election of 2016), Series 2023 C, GO Bonds |
4.00% | 08/01/2053 | 110 | 98,239 | ||||||||||
| Los Angeles (City of), CA, Series 2023 A, RB |
5.00% | 02/01/2037 | 30 | 33,445 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2022 B, RB |
5.00% | 07/01/2033 | 20 | 21,600 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2023 B, RB |
5.00% | 07/01/2037 | 50 | 52,693 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2023 B, RB |
5.25% | 07/01/2053 | 25 | 25,341 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2023 D, Ref. RB |
5.00% | 07/01/2041 | 120 | 123,600 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2023 D, Ref. RB |
5.00% | 07/01/2042 | 5 | 5,133 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2023 D, Ref. RB |
5.00% | 07/01/2043 | 5 | 5,095 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2023 E, Ref. RB |
5.00% | 07/01/2035 | 10 | 10,731 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2023 E, Ref. RB |
5.00% | 07/01/2036 | 15 | 15,979 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2023 E, Ref. RB |
5.00% | 07/01/2038 | 80 | 83,723 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2023 E, Ref. RB |
5.00% | 07/01/2043 | 55 | 56,046 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2023 E, Ref. RB |
5.00% | 07/01/2044 | 170 | 172,815 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2023 E, Ref. RB |
5.00% | 07/01/2048 | 10 | 10,052 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2024 A, Ref. RB |
5.00% | 07/01/2033 | 20 | 21,794 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2024 B, Ref. RB |
5.00% | 07/01/2033 | 15 | 16,346 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2024 C, Ref. RB |
5.00% | 07/01/2033 | 70 | 76,280 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2033 Municipal Bond ETF (BSSX)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| California-(continued) |
||||||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Measure R), Series 2024 A, Ref. RB |
5.00% | 06/01/2033 | $ | 25 | $ | 28,729 | ||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Senior Bonds), Series 2023, Ref. RB |
5.00% | 07/01/2033 | 75 | 86,245 | ||||||||||
| Los Angeles Unified School District, Series 2024 A, Ref. GO Bonds |
5.00% | 07/01/2033 | 80 | 90,639 | ||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2022 QRR, GO Bonds |
5.00% | 07/01/2037 | 45 | 49,135 | ||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2022 QRR, GO Bonds |
5.00% | 07/01/2038 | 40 | 43,378 | ||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2022 QRR, GO Bonds |
5.00% | 07/01/2039 | 10 | 10,803 | ||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2022 QRR, GO Bonds |
5.00% | 07/01/2040 | 30 | 32,134 | ||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2022 QRR, GO Bonds |
5.00% | 07/01/2041 | 50 | 53,100 | ||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2022 QRR, GO Bonds |
5.00% | 07/01/2042 | 90 | 94,914 | ||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2022 QRR, GO Bonds |
5.25% | 07/01/2047 | 180 | 188,625 | ||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2023 A, COP(b) |
5.00% | 10/01/2033 | 35 | 39,388 | ||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2023, COP(b)(c) |
5.00% | 10/01/2033 | 30 | 34,042 | ||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2023, COP(b)(c) |
5.00% | 10/01/2033 | 5 | 5,674 | ||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2023, COP(b)(c) |
5.00% | 10/01/2033 | 5 | 5,674 | ||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2023, COP(b)(c) |
5.00% | 10/01/2033 | 5 | 5,674 | ||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2023, COP |
5.00% | 10/01/2035 | 25 | 27,793 | ||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2023, COP |
5.00% | 10/01/2036 | 5 | 5,512 | ||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2023, COP |
5.00% | 10/01/2038 | 5 | 5,406 | ||||||||||
| Metropolitan Water District of Southern California, Series 2022 A, Ref. RB |
5.00% | 10/01/2033 | 20 | 22,786 | ||||||||||
| Metropolitan Water District of Southern California, Series 2023 A, RB |
5.00% | 04/01/2048 | 140 | 147,199 | ||||||||||
| Norwalk-La Mirada Unified School District, Series 2023 F, GO Bonds |
5.00% | 08/01/2051 | 40 | 41,501 | ||||||||||
| Oakland (City of), CA, Series 2023 D, GO Bonds |
5.25% | 07/15/2048 | 50 | 52,869 | ||||||||||
| Oakland Unified School District (Election of 2012), Series 2023 A, GO Bonds, (INS - AGI)(a) |
5.25% | 08/01/2048 | 150 | 157,656 | ||||||||||
| Oxnard School District (Election of 2022), Series 2023 A, GO Bonds, (INS - BAM)(a) |
4.13% | 08/01/2050 | 120 | 107,818 | ||||||||||
| Rialto Unified School District (Election of 2022), Series 2023, GO Bonds, (INS - BAM)(a) |
5.00% | 08/01/2052 | 40 | 41,390 | ||||||||||
| Sacramento (City of), CA Municipal Utility District (Green Bonds), Series 2023 K, RB |
5.00% | 08/15/2048 | 60 | 62,869 | ||||||||||
| Sacramento (City of), CA Municipal Utility District (Green Bonds), Series 2023 K, RB |
5.00% | 08/15/2053 | 35 | 36,308 | ||||||||||
| Sacramento (City of), CA Municipal Utility District (Green Bonds), Series 2024 N-1, Ref. RB |
5.00% | 11/15/2033 | 10 | 11,516 | ||||||||||
| Sacramento Transportation Authority (Measure A), Series 2023, Ref. RB |
5.00% | 10/01/2033 | 20 | 23,059 | ||||||||||
| Sacramento Transportation Authority (Measure A), Series 2023, Ref. RB |
5.00% | 10/01/2036 | 40 | 44,999 | ||||||||||
| Sacramento Transportation Authority (Measure A), Series 2023, Ref. RB |
5.00% | 10/01/2038 | 5 | 5,531 | ||||||||||
| San Diego (City of), CA Public Facilities Financing Authority, Series 2023 A, RB |
5.25% | 08/01/2048 | 50 | 52,741 | ||||||||||
| San Diego (City of), CA Public Facilities Financing Authority, Series 2023 A, RB |
4.00% | 08/01/2052 | 5 | 4,547 | ||||||||||
| San Diego (County of), CA Regional Transportation Commission, Series 2023 A, Ref. RB |
5.00% | 04/01/2035 | 20 | 22,733 | ||||||||||
| San Diego (County of), CA Regional Transportation Commission, Series 2023 A, Ref. RB |
5.00% | 04/01/2036 | 55 | 62,107 | ||||||||||
| San Diego (County of), CA Regional Transportation Commission, Series 2023 A, Ref. RB |
5.00% | 04/01/2037 | 65 | 72,847 | ||||||||||
| San Diego (County of), CA Regional Transportation Commission, Series 2023 A, Ref. RB |
5.00% | 04/01/2038 | 10 | 11,115 | ||||||||||
| San Diego Community College District, Series 2024, GO Bonds |
4.00% | 08/01/2043 | 10 | 9,584 | ||||||||||
| San Diego Unified School District (Election of 2018) (Green Bonds), Series 2023, GO Bonds |
5.00% | 07/01/2048 | 100 | 104,239 | ||||||||||
| San Diego Unified School District (Green Bonds) (Election of 2008), Series 2023, GO Bonds |
5.00% | 07/01/2053 | 25 | 25,872 | ||||||||||
| San Francisco (City & County of), CA, Series 2022 R-1, Ref. GO Bonds |
5.00% | 06/15/2033 | 15 | 16,930 | ||||||||||
| San Francisco (City & County of), CA, Series 2024, Ref. GO Bonds |
5.00% | 06/15/2033 | 15 | 17,173 | ||||||||||
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Second Series 2023 B, Ref. RB |
5.00% | 05/01/2043 | 55 | 57,544 | ||||||||||
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2023, Ref. RB |
5.25% | 05/01/2048 | 65 | 68,032 | ||||||||||
| San Francisco (City & County of), CA Public Utilities Commission (Green Bonds), Series 2023 A, RB |
5.00% | 10/01/2033 | 30 | 33,967 | ||||||||||
| San Francisco (City & County of), CA Public Utilities Commission (Green Bonds), Series 2023 C, Ref. RB |
4.00% | 11/01/2040 | 25 | 24,474 | ||||||||||
| San Francisco (City & County of), CA Public Utilities Commission (Green Bonds), Series 2023, Ref. RB |
5.00% | 11/01/2036 | 105 | 117,830 | ||||||||||
| San Francisco (City & County of), CA Public Utilities Commission (Green Bonds), Series 2023, Ref. RB |
4.00% | 11/01/2038 | 30 | 30,032 | ||||||||||
| San Francisco (City & County of), CA Public Utilities Commission (Green Bonds), Series 2023, Ref. RB |
5.00% | 11/01/2038 | 100 | 109,592 | ||||||||||
| San Francisco (City & County of), CA Public Utilities Commission (Regional Water and Local Water), Series 2023 A, RB |
5.00% | 11/01/2043 | 50 | 52,687 | ||||||||||
| San Francisco (City & County of), CA Public Utilities Commission (Regional Water and Local Water), Series 2023 A, RB |
5.25% | 11/01/2048 | 20 | 21,096 | ||||||||||
| San Francisco (City & County of), CA Public Utilities Commission (Regional Water and Local Water), Series 2023 A, RB |
5.25% | 11/01/2052 | 10 | 10,428 | ||||||||||
| San Francisco (County of), CA Transportation Authority, Series 2017, RB |
3.00% | 02/01/2033 | 120 | 115,213 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2033 Municipal Bond ETF (BSSX)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| California-(continued) |
||||||||||||||
| San Joaquin Hills Transportation Corridor Agency, Series 2021 A, Ref. RB |
5.00% | 01/15/2033 | $ | 115 | $ | 125,100 | ||||||||
| Santa Clara Valley Transportation Authority, Series 2023 A, Ref. RB |
5.00% | 04/01/2033 | 35 | 40,191 | ||||||||||
| Santa Clara Valley Transportation Authority, Series 2023 A, Ref. RB |
5.00% | 04/01/2035 | 40 | 45,229 | ||||||||||
| Santa Clara Valley Transportation Authority, Series 2023 A, Ref. RB |
5.00% | 04/01/2036 | 60 | 67,354 | ||||||||||
| Southern California Public Power Authority, Series 2023, RB |
5.00% | 07/01/2035 | 150 | 160,970 | ||||||||||
| Southern California Public Power Authority, Series 2023, RB |
5.00% | 07/01/2039 | 25 | 25,922 | ||||||||||
| Southern California Public Power Authority, Series 2023-1A, RB |
5.00% | 07/01/2048 | 210 | 211,085 | ||||||||||
| Southern California Public Power Authority, Series 2023-1A, RB |
5.25% | 07/01/2053 | 85 | 86,223 | ||||||||||
| Southern California Public Power Authority (No.1), Series 2007 A, RB |
5.00% | 11/01/2033 | 80 | 83,882 | ||||||||||
| University of California, Series 2022 S, Ref. RB |
5.00% | 05/15/2033 | 100 | 111,187 | ||||||||||
| University of California, Series 2023 BM, Ref. RB |
5.00% | 05/15/2033 | 15 | 16,913 | ||||||||||
| University of California, Series 2023 BM, Ref. RB |
5.00% | 05/15/2035 | 175 | 194,229 | ||||||||||
| University of California, Series 2023 BN, Ref. RB |
5.00% | 05/15/2033 | 50 | 56,377 | ||||||||||
| University of California, Series 2023 BN, Ref. RB |
5.00% | 05/15/2035 | 50 | 55,494 | ||||||||||
| University of California, Series 2023 BN, Ref. RB |
5.00% | 05/15/2036 | 95 | 104,333 | ||||||||||
| University of California, Series 2023 BN, Ref. RB |
5.00% | 05/15/2037 | 155 | 169,041 | ||||||||||
| University of California, Series 2023 BN, Ref. RB |
5.00% | 05/15/2038 | 255 | 275,708 | ||||||||||
| University of California, Series 2023 BN, Ref. RB |
5.00% | 05/15/2041 | 300 | 318,963 | ||||||||||
| University of California, Series 2023 BN, Ref. RB |
5.00% | 05/15/2042 | 35 | 36,967 | ||||||||||
| University of California, Series 2023 BN, Ref. RB |
5.00% | 05/15/2043 | 120 | 125,988 | ||||||||||
| University of California, Series 2023 BQ, RB |
5.00% | 05/15/2033 | 70 | 78,927 | ||||||||||
| University of California, Series 2023 BQ, RB |
5.00% | 05/15/2035 | 165 | 183,130 | ||||||||||
| University of California, Series 2024 BV, Ref. RB |
5.00% | 05/15/2033 | 5 | 5,638 | ||||||||||
| University of California, Series 2024 BW, Ref. RB |
5.00% | 05/15/2033 | 15 | 16,913 | ||||||||||
| University of California, Series 2024, Ref. RB |
5.00% | 05/15/2033 | 30 | 33,826 | ||||||||||
| University of California, Series 2025, Ref. RB |
5.00% | 05/15/2033 | 5 | 5,638 | ||||||||||
| Victor Valley Community College District (Election of 2008), Series 2024 E, GO Bonds |
5.00% | 08/01/2051 | 200 | 205,576 | ||||||||||
| Washington Township Health Care District (Election of 2020), Series 2023 B, GO Bonds, (INS - AGI)(a) |
4.50% | 08/01/2053 | 135 | 127,484 | ||||||||||
|
|
|
|||||||||||||
| 12,449,475 | ||||||||||||||
|
|
|
|||||||||||||
| Colorado-0.92% |
||||||||||||||
| Board of Governors of Colorado State University System, Series 2013 A, Ref. RB, (CEP - Colorado Higher Education Intercept Program) |
5.00% | 03/01/2033 | 5 | 5,483 | ||||||||||
| Boulder Valley School District No. Re-2 Boulder, Series 2023, GO Bonds |
4.13% | 12/01/2046 | 150 | 136,549 | ||||||||||
| Centennial Water & Sanitation District, Series 2024, RB |
5.25% | 12/01/2053 | 150 | 157,156 | ||||||||||
| Colorado (State of) Health Facilities Authority (Intermountain Healthcare), Series 2024 A, Ref. RB |
5.00% | 05/15/2033 | 15 | 16,453 | ||||||||||
| Colorado (State of) Regional Transportation District (Fastracks), Series 2023 A, Ref. RB |
5.00% | 11/01/2037 | 25 | 27,172 | ||||||||||
| Colorado Springs (City of), CO, Series 2023 A, RB |
5.25% | 11/15/2053 | 200 | 207,796 | ||||||||||
| Denver (City & County of), CO, Series 2023, Ref. COP |
5.00% | 12/01/2035 | 15 | 16,497 | ||||||||||
| Denver (City & County of), CO, Series 2023, Ref. COP |
5.00% | 12/01/2036 | 45 | 49,069 | ||||||||||
| Denver (City & County of), CO, Series 2023, Ref. COP |
5.00% | 12/01/2037 | 30 | 32,386 | ||||||||||
| University of Colorado, Series 2017 A-2, Ref. RB(b) |
3.00% | 06/01/2033 | 25 | 24,638 | ||||||||||
| University of Colorado, Series 2017 A-2, Ref. RB |
3.00% | 06/01/2033 | 15 | 14,087 | ||||||||||
|
|
|
|||||||||||||
| 687,286 | ||||||||||||||
|
|
|
|||||||||||||
| Connecticut-1.23% |
||||||||||||||
| Connecticut (State of), Series 2016 A, GO Bonds |
3.25% | 03/15/2033 | 20 | 19,336 | ||||||||||
| Connecticut (State of), Series 2021 A, GO Bonds |
3.00% | 01/15/2033 | 35 | 32,894 | ||||||||||
| Connecticut (State of), Series 2022 A, GO Bonds |
4.00% | 01/15/2033 | 40 | 41,485 | ||||||||||
| Connecticut (State of), Series 2023 A, RB |
5.00% | 07/01/2033 | 125 | 140,579 | ||||||||||
| Connecticut (State of), Series 2024 A, GO Bonds |
5.00% | 01/15/2033 | 5 | 5,611 | ||||||||||
| Connecticut (State of), Series 2024 F, GO Bonds |
5.00% | 11/15/2033 | 195 | 219,894 | ||||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2022 A, RB |
5.00% | 07/01/2034 | 35 | 38,911 | ||||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2022 A, RB |
5.00% | 07/01/2035 | 40 | 44,061 | ||||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2022 A, RB |
5.00% | 07/01/2036 | 10 | 10,918 | ||||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2022 A, RB |
5.00% | 07/01/2037 | 175 | 189,401 | ||||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2022 A, RB |
5.00% | 07/01/2038 | 25 | 26,821 | ||||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2022 A, RB |
5.00% | 07/01/2041 | 25 | 26,235 | ||||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2022 A, RB |
5.25% | 07/01/2042 | 15 | 15,974 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2033 Municipal Bond ETF (BSSX)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Connecticut-(continued) |
||||||||||||||
| New Haven (City of), CT, Series 2024, Ref. GO Bonds, (INS - AGI)(a) |
5.00% | 08/01/2033 | $ | 50 | $ | 55,688 | ||||||||
| University of Connecticut, Series 2023 A, RB |
5.25% | 11/15/2048 | 50 | 53,254 | ||||||||||
|
|
|
|||||||||||||
| 921,062 | ||||||||||||||
|
|
|
|||||||||||||
| Delaware-0.24% |
||||||||||||||
| Delaware (State of), Series 2021, Ref. GO Bonds |
3.00% | 02/01/2033 | 50 | 47,636 | ||||||||||
| Delaware (State of), Series 2023 A, GO Bonds |
5.00% | 05/01/2033 | 10 | 11,378 | ||||||||||
| Delaware (State of), Series 2023 A, GO Bonds |
5.00% | 05/01/2035 | 85 | 95,395 | ||||||||||
| Delaware (State of), Series 2023 A, GO Bonds |
5.00% | 05/01/2036 | 15 | 16,713 | ||||||||||
| Delaware (State of), Series 2023 A, GO Bonds |
5.00% | 05/01/2038 | 10 | 10,934 | ||||||||||
|
|
|
|||||||||||||
| 182,056 | ||||||||||||||
|
|
|
|||||||||||||
| District of Columbia-2.40% |
||||||||||||||
| District of Columbia, Series 2022 A, RB |
5.00% | 07/01/2033 | 150 | 166,208 | ||||||||||
| District of Columbia, Series 2022 C, Ref. RB |
5.00% | 12/01/2033 | 80 | 88,919 | ||||||||||
| District of Columbia, Series 2023 A, GO Bonds |
5.00% | 01/01/2035 | 90 | 99,313 | ||||||||||
| District of Columbia, Series 2023 A, GO Bonds |
5.00% | 01/01/2036 | 45 | 49,162 | ||||||||||
| District of Columbia, Series 2023 A, GO Bonds |
5.00% | 01/01/2037 | 45 | 48,841 | ||||||||||
| District of Columbia, Series 2023 A, GO Bonds |
5.00% | 01/01/2038 | 50 | 53,735 | ||||||||||
| District of Columbia, Series 2023 A, GO Bonds |
5.00% | 01/01/2041 | 15 | 15,724 | ||||||||||
| District of Columbia, Series 2023 A, GO Bonds |
5.00% | 01/01/2042 | 5 | 5,209 | ||||||||||
| District of Columbia, Series 2023 A, GO Bonds |
5.00% | 01/01/2045 | 120 | 123,009 | ||||||||||
| District of Columbia, Series 2023 A, GO Bonds |
5.25% | 01/01/2048 | 25 | 25,908 | ||||||||||
| District of Columbia, Series 2023 A, RB |
5.00% | 05/01/2038 | 10 | 10,742 | ||||||||||
| District of Columbia, Series 2023 A, RB |
5.00% | 05/01/2040 | 55 | 58,095 | ||||||||||
| District of Columbia, Series 2023 A, RB |
5.00% | 05/01/2041 | 10 | 10,490 | ||||||||||
| District of Columbia, Series 2023 A, RB |
5.00% | 05/01/2042 | 15 | 15,632 | ||||||||||
| District of Columbia, Series 2023 A, RB |
5.00% | 05/01/2043 | 260 | 269,479 | ||||||||||
| District of Columbia, Series 2023 A, RB |
5.25% | 05/01/2048 | 15 | 15,560 | ||||||||||
| District of Columbia, Series 2024 A, GO Bonds |
5.00% | 08/01/2033 | 5 | 5,622 | ||||||||||
| Washington Metropolitan Area Transit Authority, Series 2023, RB |
5.00% | 07/15/2035 | 35 | 38,555 | ||||||||||
| Washington Metropolitan Area Transit Authority, Series 2023, RB |
5.00% | 07/15/2044 | 110 | 112,946 | ||||||||||
| Washington Metropolitan Area Transit Authority (Green Bonds), Series 2023 A, RB |
5.00% | 07/15/2042 | 30 | 31,213 | ||||||||||
| Washington Metropolitan Area Transit Authority (Green Bonds), Series 2023 A, RB |
5.00% | 07/15/2048 | 55 | 55,688 | ||||||||||
| Washington Metropolitan Area Transit Authority (Green Bonds), Series 2023 A, RB |
5.50% | 07/15/2051 | 205 | 214,439 | ||||||||||
| Washington Metropolitan Area Transit Authority (Green Bonds), Series 2023 A, RB |
5.25% | 07/15/2053 | 80 | 81,950 | ||||||||||
| Washington Metropolitan Area Transit Authority (Green Bonds), Series 2023, RB |
5.00% | 07/15/2036 | 40 | 43,737 | ||||||||||
| Washington Metropolitan Area Transit Authority (Green Bonds), Series 2023, RB |
5.00% | 07/15/2037 | 30 | 32,538 | ||||||||||
| Washington Metropolitan Area Transit Authority (Green Bonds), Series 2023, RB |
5.00% | 07/15/2039 | 55 | 58,601 | ||||||||||
| Washington Metropolitan Area Transit Authority (Green Bonds), Series 2023, RB |
5.00% | 07/15/2040 | 30 | 31,707 | ||||||||||
| Washington Metropolitan Area Transit Authority (Green Bonds), Series 2023, RB |
5.00% | 07/15/2042 | 25 | 25,975 | ||||||||||
| Washington Metropolitan Area Transit Authority (Green Bonds), Series 2023, RB |
5.00% | 07/15/2043 | 5 | 5,164 | ||||||||||
|
|
|
|||||||||||||
| 1,794,161 | ||||||||||||||
|
|
|
|||||||||||||
| Florida-2.99% |
||||||||||||||
| Broward (County of), FL School Board, Series 2016 A, Ref. COP |
3.25% | 07/01/2033 | 55 | 52,794 | ||||||||||
| Cape Coral (City of), FL, Series 2023, Ref. RB, (INS - BAM)(a) |
5.60% | 03/01/2048 | 170 | 179,064 | ||||||||||
| Cape Coral (City of), FL, Series 2023, Ref. RB, (INS - BAM)(a) |
5.25% | 10/01/2053 | 40 | 41,219 | ||||||||||
| Florida (State of), Series 2022 B, Ref. GO Bonds |
5.00% | 06/01/2033 | 50 | 56,582 | ||||||||||
| Florida (State of), Series 2023 A, Ref. GO Bonds |
5.00% | 06/01/2033 | 5 | 5,658 | ||||||||||
| Florida (State of), Series 2024 A, Ref. GO Bonds |
5.00% | 06/01/2033 | 245 | 277,252 | ||||||||||
| Florida (State of) Municipal Power Agency, Series 2021 A, RB |
3.00% | 10/01/2033 | 25 | 23,182 | ||||||||||
| Fort Lauderdale (City of), FL (Enabling Works), Series 2023 A, RB |
5.50% | 09/01/2048 | 150 | 160,258 | ||||||||||
| Fort Lauderdale (City of), FL (Enabling Works), Series 2023 A, RB |
5.50% | 09/01/2053 | 70 | 74,212 | ||||||||||
| Fort Lauderdale (City of), FL (Prospect Lake Water Treatment Plant), Series 2023, RB |
5.50% | 09/01/2048 | 30 | 32,052 | ||||||||||
| Fort Myers (City of), FL, Series 2023, Ref. RB |
5.50% | 10/01/2049 | 5 | 5,318 | ||||||||||
| Hillsborough (County of), FL, Series 2023, GO Bonds |
5.00% | 07/01/2053 | 150 | 153,788 | ||||||||||
| Jacksonville (City of), FL, Series 2023 A, Ref. RB |
5.25% | 10/01/2048 | 100 | 104,314 | ||||||||||
| Lee County School Board (The), Series 2023 A, COP |
4.00% | 08/01/2046 | 20 | 17,595 | ||||||||||
| Manatee (County of), FL, Series 2023, RB |
5.25% | 10/01/2048 | 150 | 158,490 | ||||||||||
| Manatee (County of), FL, Series 2023, RB |
5.50% | 10/01/2053 | 150 | 159,840 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2033 Municipal Bond ETF (BSSX)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Florida-(continued) |
||||||||||||||
| Manatee (County of), FL School District, Series 2023 A, COP, (INS - AGI)(a) |
5.00% | 07/01/2035 | $ | 15 | $ | 16,312 | ||||||||
| Manatee (County of), FL School District, Series 2023 A, COP, (INS - AGI)(a) |
5.00% | 07/01/2038 | 155 | 163,729 | ||||||||||
| Miami (City of) & Dade (County of), FL School Board (The), Series 2016 C, Ref. COP |
3.25% | 02/01/2033 | 100 | 96,851 | ||||||||||
| Miami (City of), FL, Series 2023 A, RB |
5.25% | 03/01/2053 | 5 | 5,093 | ||||||||||
| Miami-Dade (County of), FL Educational Facilities Authority (University of Miami),
Series 2007 B, Ref. RB, (INS - |
5.25% | 04/01/2033 | 20 | 22,111 | ||||||||||
| Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group), Series 2023 A, RB |
5.00% | 10/01/2053 | 85 | 82,722 | ||||||||||
| Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group), Series 2023, RB |
5.00% | 10/01/2041 | 55 | 56,701 | ||||||||||
| Orange (County of), FL School Board, Series 2024 A, COP |
5.00% | 08/01/2033 | 15 | 16,650 | ||||||||||
| Orlando (City of), FL Utilities Commission, Series 2023 A, RB |
5.00% | 10/01/2048 | 100 | 102,463 | ||||||||||
| Putnam County School District, Series 2023, GO Bonds, (INS - AGI)(a) |
4.25% | 07/01/2052 | 100 | 88,125 | ||||||||||
| Sarasota (County of), FL School Board, Series 2023 A, COP |
5.00% | 07/01/2036 | 30 | 32,603 | ||||||||||
| Sarasota (County of), FL School Board, Series 2023, COP |
5.00% | 07/01/2035 | 40 | 43,704 | ||||||||||
| Sarasota (County of), FL School Board, Series 2023, COP |
5.00% | 07/01/2037 | 5 | 5,399 | ||||||||||
|
|
|
|||||||||||||
| 2,234,081 | ||||||||||||||
|
|
|
|||||||||||||
| Georgia-1.65% |
||||||||||||||
| Atlanta (City of), GA (Social Bonds), Series 2023, RB |
5.00% | 07/01/2044 | 5 | 5,178 | ||||||||||
| Atlanta (City of), GA Department of Aviation (Green Bonds), Series 2023 B-1, RB |
5.00% | 07/01/2053 | 100 | 101,722 | ||||||||||
| Augusta (City of), GA, Series 2024 A, Ref. RB |
5.00% | 10/01/2033 | 70 | 78,885 | ||||||||||
| DeKalb (County of), GA, Series 2022, Ref. RB |
5.00% | 10/01/2033 | 50 | 55,603 | ||||||||||
| Georgia (State of), Series 2022 A, GO Bonds |
5.00% | 07/01/2033 | 5 | 5,608 | ||||||||||
| Georgia (State of), Series 2023 C, Ref. GO Bonds |
5.00% | 01/01/2033 | 5 | 5,667 | ||||||||||
| Georgia (State of) (Bidding Group 1), Series 2023 A, GO Bonds |
5.00% | 07/01/2033 | 25 | 28,440 | ||||||||||
| Georgia (State of) (Bidding Group 2), Series 2023 A, GO Bonds |
5.00% | 07/01/2036 | 300 | 334,237 | ||||||||||
| Georgia (State of) (Bidding Group 2), Series 2023 A, GO Bonds |
5.00% | 07/01/2037 | 5 | 5,526 | ||||||||||
| Georgia (State of) (Bidding Group 2), Series 2023 A, GO Bonds |
5.00% | 07/01/2038 | 190 | 207,786 | ||||||||||
| Georgia (State of) (Tranche 2), Series 2016 A, GO Bonds |
2.50% | 02/01/2033 | 50 | 46,004 | ||||||||||
| Georgia (State of) Ports Authority, Series 2022, RB |
5.00% | 07/01/2033 | 35 | 39,022 | ||||||||||
| Metropolitan Atlanta Rapid Transit Authority (Green Bonds), Series 2024 A, RB |
5.00% | 07/01/2033 | 5 | 5,653 | ||||||||||
| Metropolitan Atlanta Rapid Transit Authority (Green Bonds), Series 2024 B, RB |
5.00% | 07/01/2033 | 25 | 28,268 | ||||||||||
| Private Colleges & Universities Authority (Emory University), Series 2023 B, RB |
5.00% | 09/01/2033 | 250 | 281,798 | ||||||||||
|
|
|
|||||||||||||
| 1,229,397 | ||||||||||||||
|
|
|
|||||||||||||
| Hawaii-0.16% |
||||||||||||||
| Hawaii (State of), Series 2016 FB, GO Bonds |
3.00% | 04/01/2033 | 25 | 23,529 | ||||||||||
| Hawaii (State of), Series 2017 FK, GO Bonds |
3.25% | 05/01/2033 | 5 | 4,845 | ||||||||||
| Honolulu (City & County of), HI, Series 2015, Ref. RB(b)(c) |
3.50% | 07/01/2025 | 75 | 75,024 | ||||||||||
| Honolulu (City & County of), HI (Green Bonds), Series 2023, RB |
5.25% | 07/01/2053 | 15 | 15,578 | ||||||||||
|
|
|
|||||||||||||
| 118,976 | ||||||||||||||
|
|
|
|||||||||||||
| Idaho-0.50% |
||||||||||||||
| Idaho (State of) Housing & Finance Association, Series 2023 A, RB |
5.00% | 08/15/2041 | 20 | 21,238 | ||||||||||
| Idaho (State of) Housing & Finance Association, Series 2023 A, RB |
5.25% | 08/15/2048 | 250 | 262,093 | ||||||||||
| Idaho State Building Authority, Series 2024 A, RB |
5.00% | 06/01/2033 | 80 | 90,229 | ||||||||||
|
|
|
|||||||||||||
| 373,560 | ||||||||||||||
|
|
|
|||||||||||||
| Illinois-4.34% |
||||||||||||||
| Chicago (City of), IL, Series 2023 A, RB, (INS - AGI)(a) |
5.25% | 11/01/2048 | 70 | 71,444 | ||||||||||
| Chicago (City of), IL, Series 2023 B, Ref. RB, (INS - AGI)(a) |
5.00% | 01/01/2033 | 160 | 174,625 | ||||||||||
| Chicago (City of), IL, Series 2024 A, GO Bonds |
5.00% | 01/01/2041 | 125 | 123,270 | ||||||||||
| Chicago (City of), IL, Series 2024 A, GO Bonds |
5.25% | 01/01/2045 | 30 | 29,380 | ||||||||||
| Chicago (City of), IL, Series 2024 B, Ref. GO Bonds |
5.00% | 01/01/2033 | 170 | 179,158 | ||||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2023, Ref. RB, (INS - BAM)(a) |
5.25% | 01/01/2041 | 240 | 252,995 | ||||||||||
| Chicago (City of), IL Board of Education, Series 2023, RB |
5.25% | 04/01/2037 | 25 | 26,598 | ||||||||||
| Chicago (City of), IL Board of Education, Series 2023, RB |
5.25% | 04/01/2039 | 165 | 172,941 | ||||||||||
| Chicago (City of), IL Metropolitan Water Reclamation District, Series 2007 C, Ref. GO Bonds |
5.25% | 12/01/2033 | 5 | 5,740 | ||||||||||
| Chicago (City of), IL Midway International Airport, Series 2023 B, Ref. RB, (INS - BAM)(a) |
5.00% | 01/01/2035 | 125 | 137,548 | ||||||||||
| Cook (County of), IL, Series 2022 A, Ref. GO Bonds |
5.00% | 11/15/2033 | 70 | 76,936 | ||||||||||
| Illinois (State of), Series 2022 B, GO Bonds |
5.00% | 10/01/2033 | 155 | 166,323 | ||||||||||
| Illinois (State of), Series 2023 B, GO Bonds |
5.00% | 12/01/2033 | 45 | 48,681 | ||||||||||
| Illinois (State of), Series 2023 B, GO Bonds |
5.00% | 12/01/2036 | 35 | 37,032 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2033 Municipal Bond ETF (BSSX)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Illinois-(continued) |
||||||||||||||
| Illinois (State of), Series 2023 B, GO Bonds |
5.00% | 12/01/2037 | $ | 15 | $ | 15,734 | ||||||||
| Illinois (State of), Series 2023 C, GO Bonds |
5.00% | 12/01/2048 | 500 | 492,572 | ||||||||||
| Illinois (State of), Series 2023 D, Ref. GO Bonds |
5.00% | 07/01/2033 | 80 | 85,791 | ||||||||||
| Illinois (State of), Series 2024 B, GO Bonds |
5.00% | 05/01/2033 | 25 | 27,019 | ||||||||||
| Illinois (State of), Series 2024 B, GO Bonds |
5.00% | 10/01/2036 | 5 | 5,293 | ||||||||||
| Illinois (State of), Series 2024, Ref. GO Bonds |
5.00% | 02/01/2033 | 40 | 43,205 | ||||||||||
| Illinois (State of) Finance Authority (University of Chicago (The)), Series 2024 A, Ref. RB |
5.00% | 04/01/2033 | 120 | 133,001 | ||||||||||
| Illinois (State of) Finance Authority (University of Chicago Medical), Series 2021 A, Ref. RB |
5.00% | 10/01/2033 | 40 | 44,399 | ||||||||||
| Illinois (State of) Municipal Electric Agency, Series 2015 A, Ref. RB |
4.00% | 02/01/2033 | 230 | 229,806 | ||||||||||
| Illinois (State of) Toll Highway Authority, Series 2023 A, RB |
5.00% | 01/01/2042 | 185 | 191,752 | ||||||||||
| Illinois (State of) Toll Highway Authority, Series 2023 A, RB |
5.25% | 01/01/2043 | 50 | 52,709 | ||||||||||
| Illinois (State of) Toll Highway Authority, Series 2023 A, RB |
5.00% | 01/01/2044 | 50 | 51,476 | ||||||||||
| Illinois (State of) Toll Highway Authority, Series 2023 A, RB |
5.25% | 01/01/2045 | 150 | 156,679 | ||||||||||
| Sales Tax Securitization Corp., Series 2021 A, Ref. RB |
5.00% | 01/01/2033 | 80 | 87,495 | ||||||||||
| Sales Tax Securitization Corp., Series 2023 A, Ref. RB |
5.00% | 01/01/2033 | 30 | 33,104 | ||||||||||
| Sales Tax Securitization Corp., Series 2023 C, Ref. RB |
5.00% | 01/01/2035 | 70 | 75,546 | ||||||||||
| Springfield (City of), IL, Series 2024, Ref. RB, (INS - BAM)(a) |
5.00% | 03/01/2033 | 10 | 11,029 | ||||||||||
|
|
|
|||||||||||||
| 3,239,281 | ||||||||||||||
|
|
|
|||||||||||||
| Indiana-1.27% |
||||||||||||||
| Indiana (State of) Finance Authority (Citizens Energy Group), Series 2023, Ref. RB |
5.00% | 10/01/2035 | 10 | 11,051 | ||||||||||
| Indiana (State of) Finance Authority (Green Bonds), Series 2022, RB |
5.00% | 02/01/2033 | 5 | 5,551 | ||||||||||
| Indiana (State of) Finance Authority (Green Bonds), Series 2023, Ref. RB |
5.00% | 02/01/2035 | 65 | 72,518 | ||||||||||
| Indiana (State of) Finance Authority (Indiana University Health Obligated Group), Series 2023 A, RB |
5.00% | 10/01/2041 | 25 | 26,020 | ||||||||||
| Indiana (State of) Finance Authority (Indiana University Health Obligated Group), Series 2023 A, RB |
5.00% | 10/01/2042 | 100 | 103,461 | ||||||||||
| Indiana (State of) Finance Authority (Indiana University Health Obligated Group), Series 2023 A, RB |
5.00% | 10/01/2053 | 55 | 55,166 | ||||||||||
| Indiana (State of) Finance Authority (Stadium), Series 2022 A, Ref. RB |
5.00% | 02/01/2033 | 40 | 43,889 | ||||||||||
| Indiana (State of) Finance Authority (Tippecanoe LLC-Student HSG), Series 2023, RB |
5.00% | 06/01/2053 | 100 | 95,503 | ||||||||||
| Indianapolis Local Public Improvement Bond Bank, Series 2023, RB, (INS - BAM)(a) |
5.00% | 03/01/2058 | 150 | 151,009 | ||||||||||
| Indianapolis Local Public Improvement Bond Bank, Series 2023, RB, (INS - BAM)(a) |
5.25% | 03/01/2067 | 200 | 203,634 | ||||||||||
| Indianapolis Local Public Improvement Bond Bank (Circle City Forward Phase II), Series 2023, RB |
5.25% | 02/01/2048 | 125 | 131,590 | ||||||||||
| Indianapolis Local Public Improvement Bond Bank (Indianapolis Airport Authority), Series 2023, RB |
5.00% | 01/01/2048 | 50 | 50,687 | ||||||||||
|
|
|
|||||||||||||
| 950,079 | ||||||||||||||
|
|
|
|||||||||||||
| Iowa-0.36% |
||||||||||||||
| Iowa (State of) Finance Authority (Green Bonds), Series 2023, RB |
5.25% | 08/01/2048 | 100 | 105,314 | ||||||||||
| Iowa (State of) Finance Authority (Green Bonds), Series 2023, Ref. RB |
5.00% | 08/01/2035 | 145 | 161,703 | ||||||||||
|
|
|
|||||||||||||
| 267,017 | ||||||||||||||
|
|
|
|||||||||||||
| Kentucky-0.70% |
||||||||||||||
| Christian County School District Finance Corp., Series 2023, RB, (INS - AGI)(a) |
4.50% | 10/01/2053 | 150 | 140,179 | ||||||||||
| Louisville (City of) & Jefferson (County of), KY Metropolitan Government (Norton Healthcare, Inc.), Series 2023 A, Ref. RB |
5.00% | 10/01/2040 | 160 | 164,806 | ||||||||||
| Louisville (City of) & Jefferson (County of), KY Metropolitan Sewer District, Series 2023 A, Ref. RB |
5.00% | 05/15/2035 | 30 | 33,164 | ||||||||||
| Louisville (City of) & Jefferson (County of), KY Metropolitan Sewer District, Series 2023 C, Ref. RB |
5.00% | 05/15/2051 | 20 | 20,392 | ||||||||||
| Louisville (City of) & Jefferson (County of), KY Sewer District, Series 2023 B, Ref. RB |
5.00% | 05/15/2036 | 125 | 136,738 | ||||||||||
| Louisville (City of) & Jefferson (County of), KY Sewer District, Series 2023 C, Ref. RB |
5.00% | 05/15/2053 | 25 | 25,447 | ||||||||||
|
|
|
|||||||||||||
| 520,726 | ||||||||||||||
|
|
|
|||||||||||||
| Louisiana-1.14% |
||||||||||||||
| Ernest N. Morial New Orleans Exhibition Hall Authority, Series 2023, RB |
5.50% | 07/15/2053 | 250 | 258,068 | ||||||||||
| Lafayette (City of), LA, Series 2023, RB, (INS - BAM)(a) |
5.13% | 11/01/2048 | 10 | 10,229 | ||||||||||
| Louisiana (State of), Series 2017 B, GO Bonds |
3.00% | 10/01/2033 | 25 | 23,074 | ||||||||||
| Louisiana (State of), Series 2023 A, Ref. GO Bonds |
5.00% | 02/01/2033 | 10 | 11,196 | ||||||||||
| Louisiana (State of), Series 2024 E, GO Bonds |
5.00% | 09/01/2033 | 100 | 112,874 | ||||||||||
| Louisiana (State of) (Garvee), Series 2023, RB |
5.00% | 09/01/2035 | 65 | 71,917 | ||||||||||
| Louisiana Stadium & Exposition District, Series 2023 A, Ref. RB |
5.00% | 07/01/2036 | 10 | 10,846 | ||||||||||
| Louisiana Stadium & Exposition District, Series 2023 A, Ref. RB |
5.00% | 07/01/2041 | 210 | 218,044 | ||||||||||
| Louisiana Stadium & Exposition District, Series 2023 A, Ref. RB |
5.00% | 07/01/2048 | 100 | 100,835 | ||||||||||
| Louisiana Stadium & Exposition District, Series 2023 A, Ref. RB |
5.25% | 07/01/2053 | 35 | 35,666 | ||||||||||
|
|
|
|||||||||||||
| 852,749 | ||||||||||||||
|
|
|
|||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2033 Municipal Bond ETF (BSSX)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Maryland-1.28% |
||||||||||||||
| Baltimore (County of), MD (84th Issue), Series 2023, GO Bonds |
5.00% | 03/01/2053 | $ | 20 | $ | 20,541 | ||||||||
| Maryland (State of), Series 2022, GO Bonds |
5.00% | 06/01/2033 | 75 | 83,668 | ||||||||||
| Maryland (State of) (Bidding Group 2), First Series 2023 A, GO Bonds |
5.00% | 03/15/2035 | 45 | 50,137 | ||||||||||
| Maryland (State of) (Bidding Group 2), Series 2019 A, GO Bonds |
2.13% | 08/01/2033 | 35 | 30,206 | ||||||||||
| Maryland (State of) (Bidding Group 2), Series 2023, A GO Bonds |
5.00% | 03/15/2036 | 45 | 49,785 | ||||||||||
| Maryland (State of) Department of Transportation, Series 2019, RB |
2.50% | 10/01/2033 | 135 | 119,734 | ||||||||||
| Maryland (State of) Health & Higher Educational Facilities Authority (Frederick Health System), Series 2023, Ref. RB |
5.25% | 07/01/2053 | 155 | 155,597 | ||||||||||
| Maryland (State of) Stadium Authority (Football Stadium Issue), Series 2023 A, RB |
5.00% | 03/01/2036 | 180 | 196,932 | ||||||||||
| Maryland (State of) Stadium Authority (Football Stadium Issue), Series 2023 A, RB |
5.00% | 03/01/2035 | 100 | 110,104 | ||||||||||
| Maryland (State of) Transportation Authority, Series 2021 A, Ref. RB |
3.00% | 07/01/2033 | 25 | 23,711 | ||||||||||
| Maryland (State of) Transportation Authority, Series 2024, Ref. RB |
5.00% | 07/01/2033 | 65 | 73,150 | ||||||||||
| Montgomery (County of), MD, Series 2020 A, GO Bonds |
3.00% | 08/01/2033 | 40 | 37,965 | ||||||||||
|
|
|
|||||||||||||
| 951,530 | ||||||||||||||
|
|
|
|||||||||||||
| Massachusetts-4.53% |
||||||||||||||
| Boston (City of), MA, Series 2023 A, GO Bonds |
5.00% | 11/01/2040 | 95 | 103,168 | ||||||||||
| Boston (City of), MA, Series 2023, A GO Bonds |
5.00% | 11/01/2035 | 25 | 28,176 | ||||||||||
| Massachusetts (Commonwealth of), Series 2015 D, GO Bonds |
3.13% | 09/01/2033 | 40 | 39,100 | ||||||||||
| Massachusetts (Commonwealth of), Series 2017 E, GO Bonds |
3.00% | 11/01/2033 | 60 | 57,313 | ||||||||||
| Massachusetts (Commonwealth of), Series 2022 C, GO Bonds |
5.00% | 10/01/2033 | 55 | 61,429 | ||||||||||
| Massachusetts (Commonwealth of), Series 2022 D, GO Bonds |
5.00% | 11/01/2033 | 10 | 11,314 | ||||||||||
| Massachusetts (Commonwealth of), Series 2023 A, GO Bonds |
5.00% | 05/01/2035 | 35 | 38,712 | ||||||||||
| Massachusetts (Commonwealth of), Series 2023 A, GO Bonds |
5.00% | 05/01/2036 | 70 | 76,768 | ||||||||||
| Massachusetts (Commonwealth of), Series 2023 A, GO Bonds |
5.00% | 05/01/2040 | 15 | 15,939 | ||||||||||
| Massachusetts (Commonwealth of), Series 2023 A, GO Bonds |
5.00% | 05/01/2043 | 200 | 208,570 | ||||||||||
| Massachusetts (Commonwealth of), Series 2023 A, GO Bonds |
5.00% | 05/01/2048 | 700 | 714,593 | ||||||||||
| Massachusetts (Commonwealth of), Series 2023 A, GO Bonds |
5.00% | 05/01/2053 | 35 | 35,477 | ||||||||||
| Massachusetts (Commonwealth of), Series 2023 B, GO Bonds |
5.00% | 10/01/2037 | 20 | 21,756 | ||||||||||
| Massachusetts (Commonwealth of), Series 2023 B, RB |
5.00% | 06/01/2050 | 20 | 20,477 | ||||||||||
| Massachusetts (Commonwealth of), Series 2023 B, Ref. GO Bonds |
5.00% | 05/01/2033 | 50 | 56,400 | ||||||||||
| Massachusetts (Commonwealth of), Series 2023 B, Ref. GO Bonds |
5.00% | 05/01/2035 | 100 | 110,605 | ||||||||||
| Massachusetts (Commonwealth of), Series 2023 B, Ref. GO Bonds |
5.00% | 05/01/2036 | 20 | 21,934 | ||||||||||
| Massachusetts (Commonwealth of), Series 2023 B, Ref. GO Bonds |
5.00% | 05/01/2038 | 15 | 16,166 | ||||||||||
| Massachusetts (Commonwealth of), Series 2023 B, Ref. GO Bonds |
5.00% | 05/01/2041 | 70 | 73,872 | ||||||||||
| Massachusetts (Commonwealth of), Series 2023 B, Ref. GO Bonds |
5.00% | 05/01/2043 | 35 | 36,500 | ||||||||||
| Massachusetts (Commonwealth of), Series 2023 C, GO Bonds |
5.00% | 10/01/2048 | 10 | 10,217 | ||||||||||
| Massachusetts (Commonwealth of), Series 2023 C, Ref. GO Bonds |
5.00% | 08/01/2039 | 20 | 21,409 | ||||||||||
| Massachusetts (Commonwealth of), Series 2023 D, GO Bonds |
5.00% | 10/01/2052 | 100 | 101,500 | ||||||||||
| Massachusetts (Commonwealth of), Series 2023 D, GO Bonds |
5.00% | 10/01/2053 | 175 | 177,484 | ||||||||||
| Massachusetts (Commonwealth of), Series 2023, GO Bonds |
5.00% | 05/01/2037 | 15 | 16,326 | ||||||||||
| Massachusetts (Commonwealth of), Series 2023, GO Bonds |
5.00% | 05/01/2038 | 115 | 123,940 | ||||||||||
| Massachusetts (Commonwealth of) (Rail Enhancement Program) (Green Bonds), Series 2023, RB |
5.00% | 06/01/2053 | 210 | 213,594 | ||||||||||
| Massachusetts (Commonwealth of) Bay Transportation Authority, Subseries 2023 A-1, RB |
5.00% | 07/01/2041 | 20 | 21,196 | ||||||||||
| Massachusetts (Commonwealth of) Bay Transportation Authority, Subseries 2023 A-1, RB |
5.00% | 07/01/2042 | 15 | 15,770 | ||||||||||
| Massachusetts (Commonwealth of) Bay Transportation Authority, Subseries 2023 A-1, RB |
5.25% | 07/01/2048 | 145 | 151,284 | ||||||||||
| Massachusetts (Commonwealth of) Bay Transportation Authority, Subseries 2023 A-1, RB |
4.00% | 07/01/2053 | 10 | 8,871 | ||||||||||
| Massachusetts (Commonwealth of) Bay Transportation Authority, Subseries 2023 A-1, RB |
5.25% | 07/01/2053 | 325 | 337,103 | ||||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Boston Medical Center) (Green Bopnds), Series 2023, Ref. RB |
5.25% | 07/01/2048 | 235 | 232,783 | ||||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Boston Medical Center) (Green Bopnds), Series 2023, Ref. RB |
5.25% | 07/01/2052 | 30 | 29,284 | ||||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Boston University), Series 2023 FF, Ref. RB |
5.00% | 10/01/2048 | 10 | 10,232 | ||||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Partners Healthcare System), Series 2016, Ref. RB |
3.13% | 07/01/2033 | 40 | 37,893 | ||||||||||
| Massachusetts (Commonwealth of) Water Resources Authority (Green Bonds), Series 2023 B, Ref. RB |
5.25% | 08/01/2048 | 105 | 110,243 | ||||||||||
| Massachusetts (Commonwealth of) Water Resources Authority (Green Bonds), Series 2023 C, RB |
5.00% | 08/01/2033 | 15 | 17,062 | ||||||||||
|
|
|
|||||||||||||
| 3,384,460 | ||||||||||||||
|
|
|
|||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2033 Municipal Bond ETF (BSSX)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Michigan-1.53% |
||||||||||||||
| Kentwood Public Schools, Series 2023 II, GO Bonds, (INS - AGI)(a) |
5.00% | 05/01/2053 | $ | 100 | $ | 101,567 | ||||||||
| Michigan (State of), Series 2018, GO Bonds |
3.13% | 05/01/2033 | 125 | 122,082 | ||||||||||
| Michigan (State of), Series 2023, RB |
5.00% | 11/15/2033 | 125 | 141,451 | ||||||||||
| Michigan (State of), Series 2023, RB |
5.00% | 11/15/2035 | 5 | 5,545 | ||||||||||
| Michigan (State of), Series 2023, RB |
5.00% | 11/15/2037 | 30 | 32,613 | ||||||||||
| Michigan (State of), Series 2023, RB |
5.00% | 11/15/2039 | 20 | 21,422 | ||||||||||
| Michigan (State of), Series 2023, RB |
5.00% | 11/15/2040 | 100 | 106,853 | ||||||||||
| Michigan (State of), Series 2023, RB |
5.00% | 11/15/2043 | 50 | 52,389 | ||||||||||
| Michigan (State of), Series 2023, RB |
5.00% | 11/15/2046 | 85 | 88,071 | ||||||||||
| Michigan (State of), Series 2023, RB |
5.25% | 11/15/2049 | 250 | 259,731 | ||||||||||
| Michigan (State of), Series 2023, RB |
5.50% | 11/15/2049 | 110 | 116,419 | ||||||||||
| Michigan (State of) Finance Authority (Henry Ford Health System), Series 2016, Ref. RB |
3.00% | 11/15/2033 | 65 | 60,344 | ||||||||||
| Michigan Technological University, Series 2023 C, RB, (INS - AGI)(a) |
5.25% | 10/01/2053 | 15 | 15,416 | ||||||||||
| Troy School District, Series 2023, GO Bonds |
5.00% | 05/01/2052 | 20 | 20,263 | ||||||||||
|
|
|
|||||||||||||
| 1,144,166 | ||||||||||||||
|
|
|
|||||||||||||
| Minnesota-0.72% |
||||||||||||||
| Minnesota (State of), Series 2023, COP |
5.00% | 11/01/2035 | 50 | 55,252 | ||||||||||
| Minnesota (State of), Series 2023, COP |
5.00% | 11/01/2036 | 60 | 65,743 | ||||||||||
| Minnesota (State of), Series 2023, COP |
5.00% | 11/01/2042 | 210 | 220,546 | ||||||||||
| Minnesota (State of) Public Facilities Authority, Series 2023 A, RB |
5.00% | 03/01/2033 | 25 | 28,260 | ||||||||||
| Minnesota (State of) Public Facilities Authority, Series 2023 A, RB |
5.00% | 03/01/2035 | 90 | 99,689 | ||||||||||
| Minnesota (State of) Public Facilities Authority, Series 2023 A, RB |
5.00% | 03/01/2036 | 30 | 32,950 | ||||||||||
| Rochester City of), MN, Series 2016 B, Ref. RB |
5.00% | 11/15/2033 | 20 | 22,522 | ||||||||||
| Rosemount-Apple Valley-Eagan Independent School District No. 196, Series 2023 A, GO Bonds, (CEP - Ohio School District) |
5.00% | 02/01/2033 | 10 | 11,067 | ||||||||||
|
|
|
|||||||||||||
| 536,029 | ||||||||||||||
|
|
|
|||||||||||||
| Missouri-0.99% |
||||||||||||||
| Hazelwood School District, Series 2023 A, Ref. GO Bonds, (INS - BAM)(a) |
5.00% | 03/01/2033 | 40 | 44,060 | ||||||||||
| Missouri (State of) Environmental Improvement & Energy Resources Authority (Union Electric Co.), Series 1998 A, Ref. RB |
2.90% | 09/01/2033 | 5 | 4,479 | ||||||||||
| Missouri (State of) Environmental Improvement & Energy Resources Authority (Union Electric Co.), Series 1998, Ref. RB |
2.75% | 09/01/2033 | 15 | 13,265 | ||||||||||
| Missouri (State of) Health & Educational Facilities Authority (BJC Health System), Series 2023 A, RB |
5.00% | 05/01/2033 | 180 | 199,056 | ||||||||||
| Missouri (State of) Health & Educational Facilities Authority (Mercy Health), Series 2023, RB |
5.00% | 12/01/2052 | 50 | 48,799 | ||||||||||
| Missouri (State of) Health & Educational Facilities Authority (SSM Health), Series 2022 A, RB |
5.00% | 06/01/2033 | 75 | 81,170 | ||||||||||
| Missouri (State of) Highway & Transportation Commission, Series 2022, RB |
4.00% | 05/01/2033 | 20 | 21,155 | ||||||||||
| St. Louis (City of), MO, Series 2015 B, Ref. RB, (INS - AGI)(a) |
3.25% | 12/15/2033 | 345 | 325,891 | ||||||||||
|
|
|
|||||||||||||
| 737,875 | ||||||||||||||
|
|
|
|||||||||||||
| Nebraska-0.76% |
||||||||||||||
| Omaha (City of), NE Public Power District, Series 2023 A, RB |
5.25% | 02/01/2048 | 65 | 67,587 | ||||||||||
| Omaha (City of), NE Public Power District, Series 2023 B, Ref. RB |
5.25% | 02/01/2048 | 25 | 25,995 | ||||||||||
| Omaha (City of), NE Public Power District, Series 2024 A, RB |
5.50% | 02/01/2054 | 250 | 262,579 | ||||||||||
| Omaha (City of), NE Public Power District, Series 2024 B, Ref. RB |
5.00% | 02/01/2036 | 45 | 49,638 | ||||||||||
| Public Power Generation Agency (Whelan Energy Center Unit 2), Series 2016, Ref. RB |
3.00% | 01/01/2033 | 170 | 157,654 | ||||||||||
|
|
|
|||||||||||||
| 563,453 | ||||||||||||||
|
|
|
|||||||||||||
| Nevada-0.81% |
||||||||||||||
| Clark (County of), NV, Series 2021, Ref. GO Bonds |
3.00% | 11/01/2033 | 40 | 37,790 | ||||||||||
| Clark (County of), NV, Series 2023, RB |
5.00% | 07/01/2039 | 25 | 26,727 | ||||||||||
| Clark (County of), NV, Series 2023, RB |
5.00% | 07/01/2040 | 10 | 10,603 | ||||||||||
| Clark (County of), NV, Series 2023, RB |
4.00% | 07/01/2042 | 200 | 186,170 | ||||||||||
| Clark County School District, Series 2023 A, GO Bonds |
4.00% | 06/15/2043 | 10 | 9,014 | ||||||||||
| Las Vegas (City of), NV Convention & Visitors Authority, Series 2023 A, RB |
5.00% | 07/01/2049 | 5 | 5,101 | ||||||||||
| Las Vegas Valley Water District, Series 2021 C, GO Bonds |
3.00% | 06/01/2033 | 55 | 51,682 | ||||||||||
| Nevada (State of), Series 2023 A, GO Bonds |
5.00% | 05/01/2035 | 100 | 111,499 | ||||||||||
| Nevada (State of), Series 2023 A, GO Bonds |
5.00% | 05/01/2039 | 50 | 53,821 | ||||||||||
| Nevada (State of), Series 2023 A, GO Bonds |
5.00% | 05/01/2040 | 40 | 42,780 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2033 Municipal Bond ETF (BSSX)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Nevada-(continued) |
||||||||||||||
| Nevada (State of), Series 2023 A, GO Bonds |
5.00% | 05/01/2043 | $ | 10 | $ | 10,491 | ||||||||
| Truckee Meadows Water Authority, Series 2024, RB |
5.00% | 07/01/2033 | 50 | 56,459 | ||||||||||
|
|
|
|||||||||||||
| 602,137 | ||||||||||||||
|
|
|
|||||||||||||
| New Jersey-3.13% |
||||||||||||||
| Middlesex (County of), NJ Improvement Authority (New Jersey Health + Life Science Exchange - H-1), Series 2023, RB |
5.00% | 08/15/2053 | 200 | 204,813 | ||||||||||
| New Jersey (State of) Educational Facilities Authority (Montclair University), Series 2023 A, RB |
4.63% | 09/01/2048 | 5 | 4,945 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2023 A, RB |
5.00% | 06/15/2038 | 70 | 73,514 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2023 A, Ref. RB |
5.00% | 06/15/2037 | 25 | 26,531 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2023 A, Ref. RB |
4.25% | 06/15/2040 | 305 | 290,742 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2023 AA, RB |
5.00% | 06/15/2038 | 20 | 21,032 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2023 AA, Ref. RB |
5.00% | 06/15/2033 | 40 | 43,990 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2023 AA, Ref. RB |
5.00% | 06/15/2035 | 135 | 145,747 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2023 AA, Ref. RB |
5.00% | 06/15/2036 | 25 | 26,758 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2023 AA, Ref. RB |
5.00% | 06/15/2037 | 90 | 95,511 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2023 AA, Ref. RB |
5.00% | 06/15/2039 | 15 | 15,669 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2023 AA, Ref. RB |
5.00% | 06/15/2040 | 15 | 15,566 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2023 BB, RB |
5.00% | 06/15/2033 | 15 | 16,496 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2023 BB, RB |
5.00% | 06/15/2035 | 45 | 48,771 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2023 BB, RB |
5.00% | 06/15/2036 | 70 | 75,179 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2023 BB, RB |
5.00% | 06/15/2037 | 110 | 117,005 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2023 BB, RB |
5.00% | 06/15/2038 | 25 | 26,357 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2023 BB, RB |
5.00% | 06/15/2039 | 55 | 57,578 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2023 BB, RB |
5.00% | 06/15/2040 | 150 | 155,949 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2023 BB, RB |
5.00% | 06/15/2041 | 35 | 36,127 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2023 BB, RB |
5.00% | 06/15/2043 | 115 | 117,376 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2023 BB, RB |
5.00% | 06/15/2046 | 205 | 207,125 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2023 BB, RB |
5.25% | 06/15/2050 | 115 | 117,541 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2024 A, Ref. RB |
5.00% | 06/15/2033 | 15 | 16,496 | ||||||||||
| New Jersey (State of) Turnpike Authority, Series 2022 B, RB |
5.00% | 01/01/2042 | 20 | 20,822 | ||||||||||
| New Jersey (State of) Turnpike Authority, Series 2022 B, RB |
5.00% | 01/01/2046 | 350 | 358,570 | ||||||||||
|
|
|
|||||||||||||
| 2,336,210 | ||||||||||||||
|
|
|
|||||||||||||
| New Mexico-0.10% |
||||||||||||||
| Farmington (City of), NM (San Juan and Four Corners), Series 2016 B, Ref. RB |
2.15% | 04/01/2033 | 15 | 12,465 | ||||||||||
| New Mexico (State of), Series 2023, GO Bonds |
5.00% | 03/01/2033 | 55 | 61,770 | ||||||||||
|
|
|
|||||||||||||
| 74,235 | ||||||||||||||
|
|
|
|||||||||||||
| New York-18.28% |
||||||||||||||
| Battery Park (City of), NY Authority (Green Bonds), Series 2023 A, RB |
5.00% | 11/01/2044 | 55 | 57,443 | ||||||||||
| Battery Park (City of), NY Authority (Green Bonds), Series 2023 A, RB |
5.00% | 11/01/2048 | 25 | 25,758 | ||||||||||
| Battery Park (City of), NY Authority (Green Bonds), Series 2023 A, RB |
5.00% | 11/01/2053 | 240 | 245,863 | ||||||||||
| Hudson Yards Infrastructure Corp. (Green Bonds), Series 2021, Ref. RB |
5.00% | 02/15/2033 | 10 | 11,165 | ||||||||||
| Long Island (City of), NY Power Authority, Series 2023 F, Ref. RB |
5.00% | 09/01/2033 | 5 | 5,682 | ||||||||||
| Long Island (City of), NY Power Authority (Green Bonds), Series 2023 E, RB |
5.00% | 09/01/2048 | 10 | 10,156 | ||||||||||
| Long Island (City of), NY Power Authority (Green Bonds), Series 2023 E, RB, (INS - AGI)(a) |
5.00% | 09/01/2053 | 240 | 243,983 | ||||||||||
| Metropolitan Transportation Authority, Series 2015 F, Ref. RB |
3.25% | 11/15/2033 | 180 | 161,524 | ||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2017 B-2, RB |
3.13% | 11/15/2033 | 45 | 41,682 | ||||||||||
| Monroe County Industrial Development Corp. (University of Rochester), Series 2023 A, RB |
5.00% | 07/01/2053 | 85 | 86,287 | ||||||||||
| New York & New Jersey (States of) Port Authority, One Hundred Eighty Nineth Series 2015, Ref. RB(b)(c) |
3.25% | 06/09/2025 | 65 | 65,001 | ||||||||||
| New York & New Jersey (States of) Port Authority, Series 2023, Ref. RB |
5.00% | 07/15/2043 | 30 | 31,272 | ||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Fortieth Series 2023, Ref. RB |
5.00% | 07/15/2040 | 25 | 26,576 | ||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Fortieth Series 2023, Ref. RB |
5.00% | 07/15/2048 | 10 | 10,260 | ||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Forty First Series 2023, RB |
5.00% | 07/15/2042 | 200 | 210,179 | ||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Forty First Series 2023, RB |
5.00% | 07/15/2043 | 10 | 10,424 | ||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Forty One Series 2023, RB |
5.00% | 07/15/2041 | 40 | 42,277 | ||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Forty Third Series 2023, Ref. RB |
5.00% | 12/01/2038 | 60 | 64,903 | ||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Thirty Seventh Series 2022, RB |
5.00% | 01/15/2047 | 50 | 51,315 | ||||||||||
| New York (City of), NY, Series 2013 E, GO Bonds |
3.00% | 08/01/2033 | 90 | 82,593 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2033 Municipal Bond ETF (BSSX)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| New York-(continued) |
||||||||||||||
| New York (City of), NY, Series 2015 F-1, GO Bonds |
3.50% | 06/01/2033 | $ | 10 | $ | 9,750 | ||||||||
| New York (City of), NY, Series 2018 E-1, GO Bonds |
3.25% | 03/01/2033 | 60 | 58,735 | ||||||||||
| New York (City of), NY, Series 2023 A, GO Bonds |
5.00% | 08/01/2040 | 5 | 5,282 | ||||||||||
| New York (City of), NY, Series 2023 A, GO Bonds |
5.00% | 08/01/2041 | 5 | 5,238 | ||||||||||
| New York (City of), NY, Series 2023 C, Ref. GO Bonds |
5.00% | 08/01/2033 | 20 | 22,366 | ||||||||||
| New York (City of), NY, Series 2023 F-1, Ref. GO Bonds |
5.00% | 08/01/2035 | 130 | 143,220 | ||||||||||
| New York (City of), NY, Series 2023 F-1, Ref. GO Bonds |
5.00% | 08/01/2036 | 5 | 5,460 | ||||||||||
| New York (City of), NY, Series 2023 F-1, Ref. GO Bonds |
5.00% | 08/01/2038 | 15 | 16,014 | ||||||||||
| New York (City of), NY, Series 2023, A GO Bonds |
5.00% | 08/01/2033 | 5 | 5,591 | ||||||||||
| New York (City of), NY, Series 2023, A GO Bonds |
5.00% | 08/01/2035 | 5 | 5,508 | ||||||||||
| New York (City of), NY, Series 2023, A GO Bonds |
5.00% | 08/01/2043 | 5 | 5,147 | ||||||||||
| New York (City of), NY, Series 2023, GO Bonds |
5.00% | 08/01/2037 | 15 | 16,224 | ||||||||||
| New York (City of), NY, Series 2024 A, GO Bonds |
5.00% | 08/01/2051 | 30 | 30,469 | ||||||||||
| New York (City of), NY, Series 2024 A, Ref. GO Bonds |
5.00% | 08/01/2033 | 5 | 5,591 | ||||||||||
| New York (City of), NY, Series 2024 C, GO Bonds |
5.00% | 03/01/2033 | 5 | 5,579 | ||||||||||
| New York (City of), NY, Series 2024 E, Ref. GO Bonds |
5.00% | 08/01/2033 | 5 | 5,591 | ||||||||||
| New York (City of), NY, Subseries 2023 E-1, GO Bonds |
5.00% | 04/01/2035 | 500 | 550,323 | ||||||||||
| New York (City of), NY, Subseries 2023 E-1, GO Bonds |
5.00% | 04/01/2036 | 60 | 65,487 | ||||||||||
| New York (City of), NY, Subseries 2023 E-1, GO Bonds |
5.00% | 04/01/2037 | 130 | 140,462 | ||||||||||
| New York (City of), NY, Subseries 2023 E-1, GO Bonds |
5.00% | 04/01/2039 | 20 | 21,200 | ||||||||||
| New York (City of), NY, Subseries 2023 E-1, GO Bonds |
5.25% | 04/01/2043 | 95 | 99,438 | ||||||||||
| New York (City of), NY, Subseries 2023 E-1, GO Bonds |
5.25% | 04/01/2047 | 255 | 264,821 | ||||||||||
| New York (City of), NY, Subseries 2023 F-1, Ref. GO Bonds |
5.00% | 08/01/2033 | 50 | 55,915 | ||||||||||
| New York (City of), NY, Subseries 2023 F-1, Ref. GO Bonds |
5.00% | 08/01/2037 | 5 | 5,408 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2023 AA-2, RB |
5.00% | 06/15/2035 | 10 | 11,130 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2023 D, Ref. RB |
5.25% | 06/15/2047 | 100 | 104,549 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2023 DD, Ref. RB |
5.00% | 06/15/2035 | 40 | 44,318 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2023 DD, Ref. RB |
5.00% | 06/15/2046 | 600 | 617,502 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Subseries 2022 EE, Ref. RB |
5.00% | 06/15/2033 | 55 | 62,129 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Subseries 2023 AA-3, Ref. RB |
5.00% | 06/15/2043 | 10 | 10,449 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Subseries 2024 AA-1, RB |
5.25% | 06/15/2053 | 250 | 259,913 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Subseries 2024 BB-2, Ref. RB |
5.00% | 06/15/2035 | 60 | 66,918 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Subseries 2024 BB-2, Ref. RB |
5.00% | 06/15/2036 | 175 | 193,416 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Subseries 2024 BB-2, Ref. RB |
5.00% | 06/15/2039 | 60 | 64,541 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Subseries 2024 BB-2, Ref. RB |
5.00% | 06/15/2045 | 250 | 258,870 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Subseries 2024 BB-2, Ref. RB |
5.25% | 06/15/2047 | 80 | 83,825 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Subseries 2024 CC-2, Ref. RB |
5.00% | 06/15/2033 | 95 | 107,386 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022 A-1, RB |
5.00% | 08/01/2033 | 30 | 33,214 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2022 B-1, Ref. RB |
5.00% | 11/01/2033 | 30 | 33,166 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023 A, RB |
5.00% | 05/01/2035 | 90 | 98,961 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023 A, RB |
5.00% | 05/01/2038 | 50 | 53,746 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023 A, RB |
5.00% | 05/01/2039 | 15 | 15,952 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023 A-1, RB |
5.00% | 05/01/2040 | 15 | 15,854 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023 A-1, RB |
5.00% | 05/01/2044 | 110 | 113,253 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023 A-1, RB |
5.00% | 05/01/2046 | 210 | 214,672 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023 A-1, RB |
5.00% | 05/01/2053 | 65 | 65,886 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023 C, RB |
5.50% | 05/01/2053 | 275 | 289,948 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023 E-1, RB |
5.00% | 11/01/2037 | 30 | 32,345 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023 E-1, Ref. RB |
5.00% | 11/01/2033 | 30 | 33,403 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023 E-1, Ref. RB |
5.00% | 11/01/2034 | 5 | 5,524 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023 E-1, Ref. RB |
5.00% | 11/01/2036 | 195 | 211,789 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023 E-1, Ref. RB |
5.00% | 11/01/2038 | 75 | 80,334 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023 E-1, Ref. RB |
5.00% | 11/01/2039 | 15 | 15,898 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023 E-1, Ref. RB |
5.00% | 11/01/2040 | 45 | 47,568 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023 E-1, Ref. RB |
5.00% | 11/01/2041 | 65 | 67,971 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023 F-1, RB |
5.00% | 02/01/2037 | 55 | 59,571 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023 F-1, RB |
5.00% | 02/01/2039 | 85 | 90,389 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023 F-1, RB |
5.00% | 02/01/2041 | 5 | 5,224 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023 F-1, RB |
5.00% | 02/01/2042 | 5 | 5,197 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023 F-1, RB |
5.25% | 02/01/2047 | 160 | 165,552 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2033 Municipal Bond ETF (BSSX)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| New York-(continued) |
||||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023, RB |
5.00% | 05/01/2035 | $ | 5 | $ | 5,525 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023, RB |
5.00% | 05/01/2035 | 5 | 5,525 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023, RB |
5.00% | 05/01/2036 | 50 | 54,754 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023, RB |
5.00% | 05/01/2037 | 35 | 38,075 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023, RB |
5.00% | 05/01/2038 | 5 | 5,395 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023, RB |
5.00% | 05/01/2038 | 75 | 80,920 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023, RB |
5.00% | 05/01/2039 | 195 | 208,032 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023, RB |
5.00% | 05/01/2039 | 25 | 26,671 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023, RB |
5.25% | 05/01/2043 | 20 | 21,173 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023, RB |
5.50% | 05/01/2047 | 10 | 10,626 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023, RB |
5.25% | 05/01/2048 | 500 | 518,588 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2023, RB |
5.25% | 05/01/2050 | 135 | 139,746 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2024, Ref. RB |
5.00% | 11/01/2033 | 100 | 112,119 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2016 E-1, RB |
3.00% | 02/01/2033 | 105 | 102,130 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2023 A-1, RB |
5.00% | 05/01/2036 | 25 | 27,255 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Subseries 2023 F-1, RB |
5.00% | 02/01/2038 | 100 | 107,548 | ||||||||||
| New York (State of), Series 2023 A, GO Bonds |
5.00% | 03/15/2037 | 30 | 33,012 | ||||||||||
| New York (State of), Series 2023 A, GO Bonds |
5.00% | 03/15/2038 | 5 | 5,460 | ||||||||||
| New York (State of), Series 2023 A, GO Bonds |
5.00% | 03/15/2040 | 90 | 96,746 | ||||||||||
| New York (State of), Series 2023 B, GO Bonds |
5.00% | 03/15/2035 | 20 | 22,373 | ||||||||||
| New York (State of), Series 2023 B, GO Bonds |
5.00% | 03/15/2037 | 15 | 16,506 | ||||||||||
| New York (State of), Series 2023 B, GO Bonds |
5.00% | 03/15/2039 | 30 | 32,507 | ||||||||||
| New York (State of) Dormitory Authority, Series 2019, RB |
2.00% | 07/01/2033 | 585 | 498,496 | ||||||||||
| New York (State of) Dormitory Authority, Series 2022 A, Ref. RB |
5.00% | 03/15/2033 | 50 | 55,055 | ||||||||||
| New York (State of) Dormitory Authority, Series 2023 A, RB |
5.00% | 10/01/2033 | 25 | 28,232 | ||||||||||
| New York (State of) Dormitory Authority, Series 2023 A, Ref. RB |
5.00% | 03/15/2033 | 20 | 22,365 | ||||||||||
| New York (State of) Dormitory Authority, Series 2023 A, Ref. RB |
5.00% | 03/15/2035 | 20 | 21,998 | ||||||||||
| New York (State of) Dormitory Authority, Series 2023 A, Ref. RB |
5.00% | 03/15/2036 | 55 | 59,992 | ||||||||||
| New York (State of) Dormitory Authority, Series 2023 A, Ref. RB |
5.00% | 03/15/2038 | 50 | 53,510 | ||||||||||
| New York (State of) Dormitory Authority, Series 2023 A-1, Ref. RB |
5.00% | 03/15/2035 | 20 | 22,170 | ||||||||||
| New York (State of) Dormitory Authority, Series 2023 A-1, Ref. RB |
5.00% | 03/15/2036 | 55 | 60,461 | ||||||||||
| New York (State of) Dormitory Authority, Series 2023 A-1, Ref. RB |
5.00% | 03/15/2037 | 170 | 185,132 | ||||||||||
| New York (State of) Dormitory Authority, Series 2023 A-1, Ref. RB |
5.00% | 03/15/2038 | 55 | 59,319 | ||||||||||
| New York (State of) Dormitory Authority, Series 2023 A-1, Ref. RB |
5.00% | 03/15/2039 | 50 | 53,516 | ||||||||||
| New York (State of) Dormitory Authority, Series 2023 A-1, Ref. RB |
5.00% | 03/15/2040 | 30 | 31,855 | ||||||||||
| New York (State of) Dormitory Authority, Series 2023 A-1, Ref. RB |
5.00% | 03/15/2041 | 5 | 5,270 | ||||||||||
| New York (State of) Dormitory Authority, Series 2023 A-1, Ref. RB |
5.00% | 03/15/2045 | 200 | 206,035 | ||||||||||
| New York (State of) Dormitory Authority, Series 2023, RB, (INS - AGI)(a) |
5.00% | 10/01/2033 | 25 | 27,903 | ||||||||||
| New York (State of) Dormitory Authority, Series 2023, Ref. RB |
5.00% | 08/01/2036 | 15 | 16,658 | ||||||||||
| New York (State of) Dormitory Authority, Series 2023, Ref. RB |
5.00% | 08/01/2038 | 10 | 10,843 | ||||||||||
| New York (State of) Dormitory Authority, Series 2024 A, Ref. RB |
5.00% | 03/15/2033 | 20 | 22,365 | ||||||||||
| New York (State of) Dormitory Authority (Bidding Group 5), Series 2021 E, Ref. RB |
5.00% | 03/15/2033 | 50 | 55,055 | ||||||||||
| New York (State of) Dormitory Authority (State University of New York Dormitory Facilities), Series 2023 B, Ref. RB |
5.00% | 07/01/2035 | 5 | 5,492 | ||||||||||
| New York (State of) Dormitory Authority (State University of New York Dormitory Facilities) (Green Bonds), Series 2023, RB |
5.00% | 07/01/2048 | 130 | 133,091 | ||||||||||
| New York (State of) Dormitory Authority (State University of New York Dormitory Facilities) (Green Bonds), Series 2023, RB |
5.00% | 07/01/2053 | 55 | 55,907 | ||||||||||
| New York (State of) Power Authority (Green Bonds), Series 2024 A, RB |
5.00% | 11/15/2033 | 25 | 28,669 | ||||||||||
| New York (State of) Power Authority (Green Transmission), Series 2023, RB, (INS - AGI)(a) |
5.00% | 11/15/2035 | 80 | 89,148 | ||||||||||
| New York (State of) Power Authority (Green Transmission), Series 2023, RB, (INS - AGI)(a) |
5.00% | 11/15/2038 | 15 | 16,258 | ||||||||||
| New York (State of) Power Authority (Green Transmission), Series 2023, RB, (INS - AGI)(a) |
5.25% | 11/15/2039 | 60 | 65,853 | ||||||||||
| New York (State of) Power Authority (Green Transmission), Series 2023, RB, (INS - AGI)(a) |
5.25% | 11/15/2040 | 80 | 87,502 | ||||||||||
| New York (State of) Power Authority (Green Transmission) (Green Bonds), Series 2023, RB, (INS - AGI)(a) |
5.13% | 11/15/2058 | 180 | 183,102 | ||||||||||
| New York (State of) Thruway Authority (Bidding Group 1), Series 2022 A, Ref. RB |
5.00% | 03/15/2033 | 125 | 139,231 | ||||||||||
| New York City Transitional Finance Authority Future Tax Secured Revenue, Series 2023 E-1, RB |
5.00% | 11/01/2035 | 25 | 27,390 | ||||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2023, Ref. RB |
5.00% | 06/15/2053 | 10 | 10,252 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2033 Municipal Bond ETF (BSSX)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| New York-(continued) |
||||||||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2024, Ref. RB |
5.00% | 06/15/2033 | $ | 10 | $ | 11,418 | ||||||||
| New York State Urban Development Corp. (Bidding Group 2), Series 2023 A, RB |
5.00% | 03/15/2039 | 90 | 96,937 | ||||||||||
| New York State Urban Development Corp. (Bidding Group 3), Series 2023 A, RB |
5.00% | 03/15/2045 | 20 | 20,636 | ||||||||||
| New York State Urban Development Corp. (Bidding Group 3), Series 2023 A, RB |
5.00% | 03/15/2048 | 135 | 138,012 | ||||||||||
| New York State Urban Development Corp. (Bidding Group 4), Series 2023 A, RB |
5.00% | 03/15/2050 | 350 | 356,635 | ||||||||||
| New York State Urban Development Corp. (Green Bonds), Series 2023, Ref. RB |
5.00% | 03/15/2054 | 15 | 15,202 | ||||||||||
| New York State Urban Development Corp. (Green Bonds), Series 2023, Ref. RB |
5.00% | 03/15/2063 | 250 | 251,610 | ||||||||||
| Triborough Bridge & Tunnel Authority, Series 2023 A, RB |
5.00% | 05/15/2040 | 20 | 21,292 | ||||||||||
| Triborough Bridge & Tunnel Authority, Series 2023 A, RB |
5.00% | 05/15/2041 | 25 | 26,379 | ||||||||||
| Triborough Bridge & Tunnel Authority, Series 2023 A, RB |
5.25% | 05/15/2058 | 375 | 388,208 | ||||||||||
| Triborough Bridge & Tunnel Authority, Series 2023, Ref. RB |
5.00% | 11/15/2033 | 20 | 22,475 | ||||||||||
| Triborough Bridge & Tunnel Authority, Series 2024 A-2, Ref. RB |
5.00% | 11/15/2033 | 10 | 11,332 | ||||||||||
| Triborough Bridge & Tunnel Authority, Series 2025, RB |
5.00% | 12/01/2033 | 5 | 5,620 | ||||||||||
| Triborough Bridge & Tunnel Authority, Subseries 2023 B-1, RB |
5.00% | 11/15/2048 | 50 | 51,031 | ||||||||||
| Triborough Bridge & Tunnel Authority (Green Bonds), Series 2023 C, Ref. RB |
5.00% | 11/15/2033 | 5 | 5,646 | ||||||||||
| Triborough Bridge & Tunnel Authority (Green Bonds), Series 2023 C, Ref. RB |
5.00% | 11/15/2037 | 105 | 113,987 | ||||||||||
| Triborough Bridge & Tunnel Authority (Green Bonds), Series 2023 C, Ref. RB |
5.00% | 11/15/2038 | 15 | 16,124 | ||||||||||
| Triborough Bridge & Tunnel Authority (Green Bonds), Series 2023 C, Ref. RB |
5.25% | 11/15/2039 | 45 | 48,966 | ||||||||||
| Triborough Bridge & Tunnel Authority (Green Bonds), Series 2023 C, Ref. RB |
5.25% | 11/15/2040 | 155 | 167,912 | ||||||||||
| Triborough Bridge & Tunnel Authority (Green Bonds), Series 2023 C, Ref. RB |
5.00% | 11/15/2041 | 50 | 52,742 | ||||||||||
| Triborough Bridge & Tunnel Authority (Green Bonds), Series 2023 C, Ref. RB |
5.00% | 11/15/2043 | 5 | 5,205 | ||||||||||
| Triborough Bridge & Tunnel Authority (Green Bonds), Series 2023, RB |
5.00% | 11/15/2033 | 25 | 28,082 | ||||||||||
| Triborough Bridge & Tunnel Authority (Green Bonds), Series 2023, Ref. RB |
4.00% | 11/15/2033 | 30 | 31,227 | ||||||||||
| Triborough Bridge & Tunnel Authority (Green Bonds), Series 2023, Ref. RB |
5.00% | 11/15/2033 | 20 | 22,400 | ||||||||||
| Triborough Bridge & Tunnel Authority (Green Bonds), Series 2023, Ref. RB |
5.00% | 11/15/2035 | 25 | 27,665 | ||||||||||
| Triborough Bridge & Tunnel Authority (Green Bonds), Series 2023, Ref. RB |
5.00% | 11/15/2036 | 115 | 126,182 | ||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2021 C-2, Ref. RB |
3.00% | 05/15/2033 | 60 | 57,069 | ||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2023 A, RB |
5.00% | 05/15/2043 | 45 | 46,884 | ||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2023 A, RB |
5.00% | 05/15/2048 | 115 | 117,643 | ||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2023, Ref. RB |
5.00% | 11/15/2034 | 25 | 27,890 | ||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2023, Ref. RB |
5.00% | 11/15/2035 | 50 | 55,313 | ||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2023, Ref. RB |
5.00% | 11/15/2036 | 35 | 38,407 | ||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2023, Ref. RB |
5.00% | 11/15/2037 | 55 | 59,744 | ||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2024, A-2 RB |
5.25% | 05/15/2064 | 200 | 206,241 | ||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Subseries 2023 B-1, RB |
5.00% | 11/15/2045 | 5 | 5,140 | ||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels) (Green Bonds), Series 2023 C, Ref. RB |
5.25% | 11/15/2042 | 25 | 26,640 | ||||||||||
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels) (Green Bonds), Series 2023, Ref. RB |
4.00% | 11/15/2035 | 40 | 40,922 | ||||||||||
| Westchester County Local Development Corp. (Westchester Medical Center Obligated Group), Series 2023, RB, (INS - AGI)(a) |
5.75% | 11/01/2048 | 200 | 214,574 | ||||||||||
|
|
|
|||||||||||||
| 13,641,728 | ||||||||||||||
|
|
|
|||||||||||||
| North Carolina-0.65% |
||||||||||||||
| Charlotte (City of), NC, Series 2023 A, RB |
5.25% | 07/01/2053 | 250 | 258,800 | ||||||||||
| Mecklenburg (County of), NC, Series 2022, GO Bonds |
5.00% | 09/01/2033 | 20 | 22,407 | ||||||||||
| North Carolina (State of), Series 2013 A, RB |
3.00% | 05/01/2033 | 20 | 18,930 | ||||||||||
| North Carolina (State of), Series 2020 B, RB |
3.00% | 05/01/2033 | 40 | 37,918 | ||||||||||
| North Carolina (State of) (Build North Carolina Programs), Series 2022 A, RB |
5.00% | 05/01/2033 | 15 | 16,713 | ||||||||||
| Raleigh (City of), NC, Series 2024, Ref. RB |
5.00% | 10/01/2033 | 5 | 5,642 | ||||||||||
| Raleigh (City of), NC Combined Enterprise System, Series 2023, Ref. RB |
5.00% | 09/01/2033 | 10 | 11,388 | ||||||||||
| Wake (County of), NC, Series 2024 B, Ref. GO Bonds |
5.00% | 09/01/2033 | 100 | 113,806 | ||||||||||
|
|
|
|||||||||||||
| 485,604 | ||||||||||||||
|
|
|
|||||||||||||
| Ohio-2.06% |
||||||||||||||
| Columbus (City of), OH, Series 2016 A, GO Bonds |
3.00% | 08/15/2033 | 135 | 126,039 | ||||||||||
| Northeast Ohio Regional Sewer District, Series 2019, Ref. RB |
3.00% | 11/15/2033 | 50 | 46,756 | ||||||||||
| Ohio (State of), Series 2023 A, Ref. GO Bonds |
5.00% | 03/15/2036 | 180 | 198,620 | ||||||||||
| Ohio (State of), Series 2023 A, Ref. GO Bonds |
5.00% | 03/15/2037 | 70 | 76,667 | ||||||||||
| Ohio (State of), Series 2023, Ref. GO Bonds |
5.00% | 09/01/2033 | 20 | 22,714 | ||||||||||
| Ohio (State of), Series 2023, Ref. GO Bonds |
5.00% | 09/01/2036 | 25 | 27,621 | ||||||||||
| Ohio (State of) (Infrastructure Improvement), Series 2023, Ref. GO Bonds |
5.00% | 09/01/2035 | 45 | 50,095 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2033 Municipal Bond ETF (BSSX)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Ohio-(continued) |
||||||||||||||
| Ohio (State of) Higher Educational Facility Commission (Kenyon College), Series 2023, Ref. RB |
5.00% | 07/01/2036 | $ | 30 | $ | 32,343 | ||||||||
| Ohio (State of) Higher Educational Facility Commission (Oberlin College 2023) (Green Bonds), Series 2023, RB |
5.00% | 10/01/2048 | 30 | 30,697 | ||||||||||
| Ohio (State of) Higher Educational Facility Commission (Oberlin College 2023) (Green Bonds), Series 2023, RB |
5.25% | 10/01/2053 | 5 | 5,183 | ||||||||||
| Ohio (State of) Turnpike & Infrastructure Commission, Series 2022, Ref. RB |
5.00% | 02/15/2033 | 10 | 11,191 | ||||||||||
| Ohio (State of) Turnpike & Infrastructure Commission, Series 2022, Ref. RB |
5.00% | 02/15/2039 | 50 | 53,510 | ||||||||||
| Ohio (State of) Water Development Authority (Green Bonds), Series 2023 A, RB |
5.00% | 12/01/2033 | 45 | 50,799 | ||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund), Series 2019 B, RB |
3.00% | 12/01/2033 | 65 | 60,949 | ||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund), Series 2023, RB |
5.00% | 12/01/2033 | 30 | 33,866 | ||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund) (Green Bonds), Series 2023 B, RB |
5.00% | 12/01/2037 | 370 | 403,650 | ||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund) (Green Bonds), Series 2023 B, RB |
5.00% | 12/01/2039 | 15 | 16,130 | ||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund) (Green Bonds), Series 2023 B, RB |
5.00% | 12/01/2041 | 5 | 5,307 | ||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund) (Green Bonds), Series 2024 D, RB |
5.00% | 12/01/2033 | 30 | 34,005 | ||||||||||
| Ohio State University (The), Series 2023, RB |
4.25% | 12/01/2056 | 150 | 133,260 | ||||||||||
| Ohio State University (The) (Green Bonds), Series 2023, RB |
5.00% | 12/01/2033 | 25 | 28,043 | ||||||||||
| Ohio State University (The) (Green Bonds), Series 2023, RB |
5.00% | 12/01/2034 | 5 | 5,572 | ||||||||||
| Ohio State University (The) (Green Bonds), Series 2023, RB |
5.00% | 12/01/2035 | 75 | 82,817 | ||||||||||
|
|
|
|||||||||||||
| 1,535,834 | ||||||||||||||
|
|
|
|||||||||||||
| Oklahoma-0.30% |
||||||||||||||
| Canadian (County of), OK Educational Facilities Authority (Mustang Public Schools), Series 2023, RB |
5.00% | 09/01/2033 | 5 | 5,499 | ||||||||||
| Cleveland (County of), OK Educational Facilities Authority (Norman Public Schools), Series 2023, RB |
5.00% | 06/01/2033 | 5 | 5,528 | ||||||||||
| Grand River Dam Authority, Series 2023, RB |
5.00% | 06/01/2036 | 105 | 114,341 | ||||||||||
| Grand River Dam Authority, Series 2023, RB |
5.00% | 06/01/2037 | 50 | 53,887 | ||||||||||
| Grand River Dam Authority, Series 2023, RB |
5.00% | 06/01/2038 | 20 | 21,282 | ||||||||||
| Grand River Dam Authority, Series 2023, RB |
5.00% | 06/01/2039 | 5 | 5,286 | ||||||||||
| Grand River Dam Authority, Series 2023, RB |
5.00% | 06/01/2040 | 5 | 5,257 | ||||||||||
| Grand River Dam Authority, Series 2023, RB |
5.00% | 06/01/2042 | 15 | 15,619 | ||||||||||
|
|
|
|||||||||||||
| 226,699 | ||||||||||||||
|
|
|
|||||||||||||
| Oregon-1.31% |
||||||||||||||
| Oregon (State of) (Article XI - Q State), Series 2023 A, GO Bonds |
5.00% | 05/01/2036 | 15 | 16,538 | ||||||||||
| Oregon (State of) (Article XI - Q State), Series 2023 A, GO Bonds |
5.00% | 05/01/2038 | 20 | 21,681 | ||||||||||
| Oregon (State of) (Article XI - Q State), Series 2023 A, GO Bonds |
5.00% | 05/01/2039 | 115 | 123,830 | ||||||||||
| Oregon (State of) (Article XI-Q State), Series 2023 A, GO Bonds |
5.00% | 05/01/2037 | 55 | 60,140 | ||||||||||
| Oregon (State of) (Article XI-Q State), Series 2023 A, GO Bonds |
5.00% | 05/01/2041 | 90 | 95,529 | ||||||||||
| Oregon (State of) (Article XI-Q State), Series 2023 A, GO Bonds |
5.00% | 05/01/2043 | 50 | 52,504 | ||||||||||
| Oregon (State of) Department of Transportation, Series 2023 A, RB |
5.00% | 11/15/2035 | 5 | 5,539 | ||||||||||
| Oregon (State of) Department of Transportation, Series 2023 A, RB |
5.00% | 11/15/2036 | 110 | 120,866 | ||||||||||
| Oregon (State of) Department of Transportation, Series 2023 A, RB |
5.00% | 11/15/2037 | 25 | 27,210 | ||||||||||
| Oregon (State of) Department of Transportation, Series 2023 A, RB |
5.00% | 11/15/2040 | 40 | 42,744 | ||||||||||
| Oregon (State of) Department of Transportation, Series 2023 A, RB |
5.00% | 11/15/2041 | 70 | 74,321 | ||||||||||
| Oregon (State of) Lottery, Series 2023 A, RB |
5.00% | 04/01/2041 | 10 | 10,601 | ||||||||||
| Oregon (State of) Lottery, Series 2023 A, RB |
5.00% | 04/01/2043 | 65 | 67,810 | ||||||||||
| Portland (City of), OR, Series 2023 A, Ref. RB |
5.00% | 12/01/2033 | 25 | 28,099 | ||||||||||
| Portland (City of), OR, Series 2023 A, Ref. RB |
5.00% | 12/01/2034 | 35 | 39,054 | ||||||||||
| Portland (City of), OR, Series 2023 A, Ref. RB |
5.00% | 12/01/2035 | 15 | 16,541 | ||||||||||
| Portland (City of), OR, Series 2023 A, Ref. RB |
5.00% | 12/01/2047 | 100 | 102,626 | ||||||||||
| Portland Community College District, Series 2023, GO Bonds |
5.00% | 06/15/2037 | 40 | 43,712 | ||||||||||
| Portland Community College District, Series 2023, GO Bonds |
5.00% | 06/15/2038 | 20 | 21,624 | ||||||||||
| Tualatin Valley Water District, Series 2023, RB |
5.00% | 06/01/2053 | 5 | 5,086 | ||||||||||
|
|
|
|||||||||||||
| 976,055 | ||||||||||||||
|
|
|
|||||||||||||
| Pennsylvania-3.21% |
||||||||||||||
| Allegheny (County of), PA Higher Education Building Authority (Carnegie Mellon University), Series 2023, Ref. RB |
5.00% | 08/01/2033 | 20 | 22,564 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2033 Municipal Bond ETF (BSSX)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Pennsylvania-(continued) |
||||||||||||||
| Bethel Park School District, Series 2023, GO Bonds |
5.00% | 08/01/2046 | $ | 5 | $ | 5,163 | ||||||||
| Delaware Valley Regional Finance Authority, Series 2023 A, Ref. RB |
4.00% | 03/01/2033 | 45 | 46,323 | ||||||||||
| Pennsylvania (Commonwealth of), First Series 2023, Ref. GO Bonds |
5.00% | 09/01/2035 | 170 | 188,700 | ||||||||||
| Pennsylvania (Commonwealth of), First Series 2023, Ref. GO Bonds |
5.00% | 09/01/2036 | 50 | 55,006 | ||||||||||
| Pennsylvania (Commonwealth of), Second Series 2016, GO Bonds, (INS - AGI)(a) |
3.00% | 09/15/2033 | 445 | 414,206 | ||||||||||
| Pennsylvania (Commonwealth of), Series 2023, Ref. GO Bonds |
5.00% | 09/01/2033 | 5 | 5,632 | ||||||||||
| Pennsylvania (Commonwealth of) (Bid Group C), First Series 2023, Ref. GO Bonds |
5.00% | 09/01/2039 | 25 | 26,870 | ||||||||||
| Pennsylvania (Commonwealth of) Economic Development Financing Authority, Series 2017 A, Ref. RB |
3.38% | 11/15/2033 | 75 | 71,795 | ||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, First Series 2023, Ref. RB |
5.00% | 12/01/2033 | 40 | 44,735 | ||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, First Series 2023, Ref. RB |
5.00% | 12/01/2034 | 260 | 288,670 | ||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, First Series 2023, Ref. RB |
5.00% | 12/01/2039 | 505 | 532,571 | ||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, First Series 2023, Ref. RB |
5.00% | 12/01/2040 | 10 | 10,477 | ||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2022 A, Ref. RB |
5.00% | 12/01/2033 | 40 | 44,628 | ||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2023 A, Ref. RB |
5.00% | 12/01/2035 | 80 | 88,045 | ||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2023 A, Ref. RB |
5.00% | 12/01/2053 | 35 | 35,493 | ||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2023 A, Ref. RB |
5.25% | 12/01/2053 | 40 | 41,367 | ||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, Series 2023, Ref. RB |
5.00% | 12/01/2037 | 35 | 37,915 | ||||||||||
| Philadelphia (City of), PA, Series 2023 B, Ref. RB, (INS - AGI)(a) |
5.00% | 09/01/2035 | 30 | 32,984 | ||||||||||
| Philadelphia (City of), PA, Series 2023 B, Ref. RB, (INS - AGI)(a) |
5.00% | 09/01/2037 | 205 | 221,302 | ||||||||||
| Philadelphia (City of), PA, Series 2023 B, Ref. RB, (INS - AGI)(a) |
5.00% | 09/01/2040 | 35 | 36,875 | ||||||||||
| Philadelphia (City of), PA, Series 2023 B, Ref. RB, (INS - AGI)(a) |
5.50% | 09/01/2053 | 20 | 21,039 | ||||||||||
| Pittsburgh (City of), PA Water & Sewer Authority, Series 2019 B, Ref. RB, (INS - AGI)(a) |
5.00% | 09/01/2033 | 25 | 28,122 | ||||||||||
| Pittsburgh (City of), PA Water & Sewer Authority, Series 2023 A, RB, (INS - AGI)(a) |
5.00% | 09/01/2048 | 25 | 25,408 | ||||||||||
| Pittsburgh (City of), PA Water & Sewer Authority, Series 2023 B, Ref. RB, (INS - AGI)(a) |
5.00% | 09/01/2037 | 45 | 48,472 | ||||||||||
| Westmoreland (County of), PA Municipal Authority, Series 2017, Ref. RB, (INS - BAM)(a) |
3.13% | 08/15/2033 | 25 | 23,639 | ||||||||||
|
|
|
|||||||||||||
| 2,398,001 | ||||||||||||||
|
|
|
|||||||||||||
| Rhode Island-0.34% |
||||||||||||||
| Rhode Island Health & Educational Building Corp. (Brown University), Series 2022 A, RB |
5.00% | 09/01/2033 | 60 | 66,697 | ||||||||||
| Rhode Island Health & Educational Building Corp. (Brown University), Series 2024, RB |
5.00% | 09/01/2035 | 45 | 49,475 | ||||||||||
| Rhode Island Health & Educational Building Corp. (Brown University), Series 2024, RB |
5.00% | 09/01/2036 | 50 | 54,558 | ||||||||||
| Rhode Island Health & Educational Building Corp. (Providence College), Series 2023, RB |
5.00% | 11/01/2047 | 85 | 85,596 | ||||||||||
|
|
|
|||||||||||||
| 256,326 | ||||||||||||||
|
|
|
|||||||||||||
| Tennessee-0.96% |
||||||||||||||
| Johnson City (City of), TN Health & Educational Facilities Board (Ballad Health Obligated Group), Series 2023 A, Ref. RB |
5.00% | 07/01/2033 | 70 | 75,823 | ||||||||||
| Knox (County of), TN Health, Educational & Housing Facility Board (University of Tennessee), Series 2024 A-1, RB, (INS - BAM)(a) |
5.50% | 07/01/2059 | 150 | 152,997 | ||||||||||
| Memphis (City of), TN, Series 2024 B, Ref. GO Bonds |
5.00% | 04/01/2042 | 15 | 15,628 | ||||||||||
| Memphis (City of), TN, Series 2024 B, Ref. GO Bonds |
5.00% | 04/01/2044 | 60 | 61,957 | ||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2021 C, GO Bonds |
3.00% | 01/01/2033 | 75 | 71,168 | ||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government Health & Educational Facilities Board (The) (Vanderbilt University Medical Center), Series 2023, RB |
5.00% | 07/01/2033 | 40 | 43,502 | ||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government (Belmont University), Series 2023, RB |
5.25% | 05/01/2048 | 45 | 45,377 | ||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government (Belmont University), Series 2023, RB |
5.25% | 05/01/2053 | 35 | 35,018 | ||||||||||
| Tennessee (State of), Series 2023 A, GO Bonds |
5.00% | 05/01/2036 | 15 | 16,636 | ||||||||||
| Tennessee (State of), Series 2023 A, GO Bonds |
5.00% | 05/01/2037 | 50 | 55,031 | ||||||||||
| Tennessee (State of), Series 2023 A, GO Bonds |
5.00% | 05/01/2038 | 90 | 98,086 | ||||||||||
| Tennessee (State of), Series 2023 A, GO Bonds |
5.00% | 05/01/2039 | 20 | 21,649 | ||||||||||
| Tennessee (State of), Series 2023, A GO Bonds |
5.00% | 05/01/2040 | 20 | 21,490 | ||||||||||
|
|
|
|||||||||||||
| 714,362 | ||||||||||||||
|
|
|
|||||||||||||
| Texas-13.08% |
||||||||||||||
| Arlington Higher Education Finance Corp. (Trinity Basin Preparatory, Inc.), Series 2023, RB, (CEP - Texas Permanent School Fund) |
4.50% | 08/15/2053 | 70 | 65,306 | ||||||||||
| Austin (City of), TX, Series 2023, Ref. GO Bonds |
5.00% | 09/01/2033 | 45 | 50,585 | ||||||||||
| Austin (City of), TX, Series 2023, Ref. RB |
5.00% | 11/15/2033 | 50 | 55,835 | ||||||||||
| Austin (City of), TX, Series 2023, Ref. RB |
5.00% | 11/15/2035 | 75 | 82,505 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2033 Municipal Bond ETF (BSSX)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Texas-(continued) |
||||||||||||||
| Austin (City of), TX, Series 2023, Ref. RB |
5.00% | 11/15/2036 | $ | 5 | $ | 5,450 | ||||||||
| Austin (City of), TX, Series 2023, Ref. RB |
5.00% | 11/15/2037 | 65 | 70,199 | ||||||||||
| Austin (City of), TX, Series 2023, Ref. RB |
5.00% | 11/15/2038 | 50 | 53,486 | ||||||||||
| Austin (City of), TX, Series 2023, Ref. RB |
5.00% | 11/15/2048 | 15 | 15,299 | ||||||||||
| Austin (City of), TX, Series 2024, Ref. GO Bonds |
5.00% | 09/01/2033 | 5 | 5,621 | ||||||||||
| Austin (City of), TX, Series 2024, Ref. RB |
5.00% | 11/15/2033 | 50 | 56,226 | ||||||||||
| Austin Community College District, Series 2023, GO Bonds |
5.00% | 08/01/2048 | 40 | 41,007 | ||||||||||
| Austin Community College District, Series 2023, GO Bonds |
5.25% | 08/01/2053 | 20 | 20,720 | ||||||||||
| Austin Independent School District, Series 2023, GO Bonds |
5.00% | 08/01/2035 | 175 | 193,081 | ||||||||||
| Austin Independent School District, Series 2023, GO Bonds |
5.00% | 08/01/2042 | 100 | 104,493 | ||||||||||
| Austin Independent School District, Series 2023, GO Bonds |
5.00% | 08/01/2043 | 50 | 52,014 | ||||||||||
| Bastrop Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2048 | 100 | 102,537 | ||||||||||
| Bexar (County of), TX, Series 2023, Ctfs. of Obligations |
5.00% | 06/15/2049 | 15 | 15,332 | ||||||||||
| Birdville Independent School District, Series 2023 A, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2048 | 60 | 61,875 | ||||||||||
| Board of Regents of the University of Texas System, Series 2024 A, Ref. RB |
5.00% | 08/15/2033 | 10 | 11,284 | ||||||||||
| Carrollton-Farmers Branch Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2048 | 25 | 25,700 | ||||||||||
| Chapel Hill Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2048 | 100 | 102,673 | ||||||||||
| Collin (County of), TX, Series 2023, GO Bonds |
5.00% | 02/15/2041 | 10 | 10,527 | ||||||||||
| Community Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2048 | 100 | 102,407 | ||||||||||
| Corpus Christi Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2049 | 160 | 164,647 | ||||||||||
| Crowley Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/01/2048 | 200 | 204,031 | ||||||||||
| Cypress-Fairbanks Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2037 | 50 | 53,981 | ||||||||||
| Cypress-Fairbanks Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 02/15/2048 | 150 | 134,526 | ||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2022 B, Ref. RB |
5.00% | 11/01/2033 | 10 | 11,071 | ||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2023 B, Ref. RB |
5.00% | 11/01/2033 | 280 | 313,497 | ||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2023 B, Ref. RB |
5.00% | 11/01/2039 | 5 | 5,319 | ||||||||||
| Dallas (City of), TX, Series 2017, Ref. GO Bonds, (INS - AGI)(a) |
3.00% | 02/15/2033 | 70 | 64,865 | ||||||||||
| Dallas (City of), TX, Series 2023 A, Ref. GO Bonds |
5.00% | 02/15/2033 | 5 | 5,567 | ||||||||||
| Dallas (City of), TX, Series 2023 A, Ref. GO Bonds |
5.00% | 02/15/2035 | 5 | 5,470 | ||||||||||
| Dallas (City of), TX, Series 2023 A, Ref. GO Bonds |
5.00% | 02/15/2036 | 10 | 10,836 | ||||||||||
| Dallas (City of), TX, Series 2023 A, Ref. GO Bonds |
5.00% | 02/15/2037 | 50 | 53,680 | ||||||||||
| Dallas (City of), TX, Series 2023 A, Ref. GO Bonds |
5.00% | 02/15/2039 | 15 | 15,829 | ||||||||||
| Dallas (City of), TX, Series 2023 A, Ref. GO Bonds |
5.00% | 02/15/2041 | 10 | 10,407 | ||||||||||
| Dallas (City of), TX Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2043 | 20 | 20,838 | ||||||||||
| Dallas (City of), TX Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2044 | 100 | 103,738 | ||||||||||
| Denton Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2035 | 5 | 5,498 | ||||||||||
| Denton Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2036 | 5 | 5,438 | ||||||||||
| Denton Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2037 | 100 | 107,855 | ||||||||||
| Denton Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2038 | 40 | 42,732 | ||||||||||
| Denton Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2042 | 150 | 156,263 | ||||||||||
| Denton Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2048 | 145 | 148,556 | ||||||||||
| Dickinson Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
4.13% | 02/15/2048 | 5 | 4,597 | ||||||||||
| Duncanville Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2049 | 5 | 5,080 | ||||||||||
| El Paso (City of), TX, Series 2023, RB |
5.25% | 03/01/2049 | 25 | 25,851 | ||||||||||
| Garland Independent School District, Series 2023 A, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2033 | 45 | 50,392 | ||||||||||
| Garland Independent School District, Series 2023 A, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2036 | 50 | 55,013 | ||||||||||
| Garland Independent School District, Series 2023 A, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2037 | 25 | 27,235 | ||||||||||
| Garland Independent School District, Series 2023 A, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2038 | 50 | 53,974 | ||||||||||
| Garland Independent School District, Series 2023 A, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2039 | 10 | 10,709 | ||||||||||
| Garland Independent School District, Series 2023 A, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2040 | 75 | 79,638 | ||||||||||
| Garland Independent School District, Series 2023 A, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2041 | 10 | 10,540 | ||||||||||
| Garland Independent School District, Series 2023 A, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2048 | 230 | 235,086 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2033 Municipal Bond ETF (BSSX)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Texas-(continued) |
||||||||||||||
| Greenwood Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2049 | $ | 50 | $ | 51,287 | ||||||||
| Harris (County of), TX, Series 2024 A, RB |
5.00% | 08/15/2033 | 15 | 16,709 | ||||||||||
| Harris (County of), TX Port Authority of Houston, Series 2023, RB |
5.00% | 10/01/2048 | 10 | 10,176 | ||||||||||
| Harris (County of), TX Toll Road Authority (The), Series 2022 A, Ref. RB |
5.00% | 08/15/2033 | 55 | 60,532 | ||||||||||
| Harris County Cultural Education Facilities Finance Corp. (Memorial Hermann Health System), Series 2024, Ref. RB |
5.00% | 07/01/2033 | 35 | 38,732 | ||||||||||
| Houston (City of), TX, Series 2023 A, GO Bonds |
5.25% | 03/01/2042 | 110 | 116,111 | ||||||||||
| Houston (City of), TX, Series 2023, A GO Bonds |
5.00% | 03/01/2038 | 100 | 106,479 | ||||||||||
| Houston (City of), TX, Series 2024, Ref. RB |
5.00% | 11/15/2033 | 5 | 5,619 | ||||||||||
| Hurst-Euless-Bedford Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2033 | 5 | 5,619 | ||||||||||
| Hutto Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/01/2048 | 40 | 41,254 | ||||||||||
| Irving Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2033 | 55 | 60,886 | ||||||||||
| Krum Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
4.25% | 08/15/2054 | 50 | 45,161 | ||||||||||
| Lamar Consolidated Independent School District, Series 2023 A, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2039 | 45 | 48,005 | ||||||||||
| Lamar Consolidated Independent School District, Series 2023 A, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2041 | 10 | 10,527 | ||||||||||
| Lamar Consolidated Independent School District, Series 2023 A, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2042 | 10 | 10,458 | ||||||||||
| Lamar Consolidated Independent School District, Series 2023 A, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2053 | 500 | 508,046 | ||||||||||
| Lamar Consolidated Independent School District, Series 2023, GO Bonds |
5.00% | 02/15/2041 | 15 | 15,690 | ||||||||||
| Lewisville Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2033 | 145 | 162,956 | ||||||||||
| Lewisville Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2036 | 160 | 175,201 | ||||||||||
| Lewisville Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2038 | 35 | 37,644 | ||||||||||
| Lewisville Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2039 | 45 | 48,073 | ||||||||||
| Lower Colorado River Authority, Series 2024, RB |
5.00% | 05/15/2036 | 20 | 21,634 | ||||||||||
| Lower Colorado River Authority, Series 2024, RB |
5.00% | 05/15/2041 | 20 | 20,714 | ||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2023, Ref. RB |
5.25% | 05/15/2048 | 150 | 153,518 | ||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2023, Ref. RB, (INS - AGI)(a) |
5.25% | 05/15/2053 | 15 | 15,411 | ||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2024, Ref. RB, (INS - AGI)(a) |
5.00% | 05/15/2049 | 50 | 50,636 | ||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2024, Ref. RB, (INS - AGI)(a) |
5.25% | 05/15/2054 | 10 | 10,266 | ||||||||||
| Midland Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2036 | 5 | 5,491 | ||||||||||
| Midland Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2037 | 10 | 10,887 | ||||||||||
| Midland Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2038 | 40 | 43,096 | ||||||||||
| Midland Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 02/15/2040 | 30 | 28,996 | ||||||||||
| Midland Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 02/15/2044 | 15 | 13,889 | ||||||||||
| Midland Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2047 | 100 | 102,785 | ||||||||||
| New Caney Independent School District, Series 2023, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2053 | 100 | 102,104 | ||||||||||
| North Texas Tollway Authority, Series 2017 B, Ref. RB, (INS - AGI)(a) |
3.13% | 01/01/2033 | 150 | 146,506 | ||||||||||
| Northwest Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2049 | 115 | 117,511 | ||||||||||
| Pasadena Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2048 | 40 | 41,772 | ||||||||||
| Permanent University Fund - University of Texas System, Series 2022, RB |
5.00% | 07/01/2033 | 65 | 72,241 | ||||||||||
| Permanent University Fund - University of Texas System, Series 2023 A, Ref. RB |
5.00% | 07/01/2040 | 95 | 101,128 | ||||||||||
| Permanent University Fund - University of Texas System, Series 2023 A, Ref. RB |
4.00% | 07/01/2041 | 5 | 4,827 | ||||||||||
| Permanent University Fund - University of Texas System, Series 2023 A, Ref. RB |
5.00% | 07/01/2041 | 5 | 5,285 | ||||||||||
| Pflugerville Independent School District, Series 2023 A, GO Bonds |
5.00% | 02/15/2033 | 100 | 110,182 | ||||||||||
| Prosper Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
4.00% | 02/15/2048 | 100 | 89,684 | ||||||||||
| Rockwall Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.25% | 02/15/2048 | 100 | 104,671 | ||||||||||
| Round Rock Independent School District, Series 2019 A, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
3.00% | 08/01/2033 | 75 | 71,361 | ||||||||||
| Royse (City of), TX Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2053 | 100 | 101,674 | ||||||||||
| San Antonio (City of), TX, Series 2023 A, RB |
5.00% | 02/01/2036 | 55 | 60,451 | ||||||||||
| San Antonio (City of), TX, Series 2023 A, RB |
5.00% | 02/01/2038 | 5 | 5,384 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2033 Municipal Bond ETF (BSSX)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Texas-(continued) |
||||||||||||||
| San Antonio (City of), TX, Series 2023 A, Ref. RB |
5.25% | 02/01/2046 | $ | 315 | $ | 328,567 | ||||||||
| San Antonio (City of), TX, Series 2023 B, RB |
5.00% | 02/01/2039 | 75 | 79,964 | ||||||||||
| San Antonio (City of), TX, Series 2023 B, RB |
5.25% | 02/01/2041 | 20 | 21,307 | ||||||||||
| San Antonio (City of), TX, Series 2023 B, RB |
5.25% | 02/01/2044 | 25 | 26,180 | ||||||||||
| San Antonio (City of), TX, Series 2023, RB |
5.00% | 02/01/2037 | 75 | 81,691 | ||||||||||
| San Antonio (City of), TX Water System, Series 2023 A, Ref. RB |
5.25% | 05/15/2048 | 15 | 15,632 | ||||||||||
| San Marcos Consolidated Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.25% | 08/15/2047 | 110 | 115,664 | ||||||||||
| Seguin (City of), TX, Series 2024, Ctfs. of Obligations |
5.25% | 09/01/2058 | 100 | 102,048 | ||||||||||
| sherman (City of), TX, Series 2023, Ctfs. of Obligations |
5.00% | 08/15/2048 | 50 | 51,055 | ||||||||||
| Sherman Independent School District, Series 2023 B, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2053 | 150 | 153,288 | ||||||||||
| Splendora Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
4.10% | 02/15/2048 | 100 | 91,716 | ||||||||||
| Tarrant County Cultural Education Facilities Finance Corp. (Baylor Scott & White Health), Series 2016 A, Ref. RB |
3.00% | 11/15/2033 | 75 | 69,304 | ||||||||||
| Texas (State of) Transportation Commission, Series 2023 A, RB |
5.00% | 10/15/2033 | 15 | 16,907 | ||||||||||
| Texas (State of) Transportation Commission, Series 2024, Ref. GO Bonds |
5.00% | 04/01/2035 | 125 | 139,149 | ||||||||||
| Texas (State of) Transportation Commission, Series 2024, Ref. GO Bonds |
5.00% | 04/01/2037 | 160 | 174,891 | ||||||||||
| Texas (State of) Transportation Commission, Series 2024, Ref. GO Bonds |
5.00% | 04/01/2039 | 65 | 69,630 | ||||||||||
| Texas (State of) Transportation Commission, Series 2024, Ref. GO Bonds |
5.00% | 04/01/2041 | 5 | 5,270 | ||||||||||
| Texas (State of) Transportation Commission State Highway Fund, Series 2024, Ref. RB |
5.00% | 10/01/2033 | 10 | 11,285 | ||||||||||
| Texas (State of) Water Development Board, Series 2019 A, RB |
3.00% | 10/15/2033 | 30 | 27,916 | ||||||||||
| Texas (State of) Water Development Board, Series 2023 A, RB |
5.00% | 10/15/2037 | 90 | 98,367 | ||||||||||
| Texas (State of) Water Development Board, Series 2023 A, RB |
4.65% | 10/15/2040 | 30 | 30,662 | ||||||||||
| Texas (State of) Water Development Board, Series 2023 A, RB |
4.88% | 10/15/2048 | 75 | 75,425 | ||||||||||
| Texas (State of) Water Development Board, Series 2023 A, RB |
5.25% | 10/15/2051 | 250 | 260,009 | ||||||||||
| Texas A&M University, Series 2024 A, RB |
5.00% | 05/15/2033 | 200 | 225,057 | ||||||||||
| Texas State University Board of Regents, Series 2023 A, RB |
5.00% | 02/15/2035 | 5 | 5,505 | ||||||||||
| Texas State University Board of Regents, Series 2023 A, RB |
5.00% | 02/15/2036 | 150 | 163,695 | ||||||||||
| Tomball Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2048 | 100 | 102,929 | ||||||||||
| Tomball Independent School District, Series 2024, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2033 | 50 | 56,100 | ||||||||||
| Walnut Creek Special Utility District, Series 2023, RB, (INS - AGI)(a) |
4.75% | 01/10/2054 | 150 | 142,995 | ||||||||||
| Waxahachie Independent School District, Series 2023, GO Bonds, (CEP - Texas Permanent School Fund) |
4.25% | 02/15/2053 | 210 | 190,687 | ||||||||||
| Wylie Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
4.25% | 02/15/2054 | 150 | 135,720 | ||||||||||
|
|
|
|||||||||||||
| 9,762,805 | ||||||||||||||
|
|
|
|||||||||||||
| Utah-0.36% |
||||||||||||||
| Intermountain Power Agency, Series 2023 A, RB |
5.00% | 07/01/2033 | 15 | 16,305 | ||||||||||
| University of Utah (The) (Green Bonds), Series 2023 B, RB |
5.25% | 08/01/2048 | 125 | 130,598 | ||||||||||
| Utah (State of) Transit Authority, Series 2023, RB |
5.00% | 12/15/2041 | 75 | 79,311 | ||||||||||
| Utah (State of) Transit Authority, Series 2024, Ref. RB |
5.00% | 06/15/2033 | 35 | 39,510 | ||||||||||
|
|
|
|||||||||||||
| 265,724 | ||||||||||||||
|
|
|
|||||||||||||
| Virginia-1.39% |
||||||||||||||
| Fairfax (County of), VA, Series 2024 A, GO Bonds |
5.00% | 10/01/2036 | 50 | 55,156 | ||||||||||
| Fairfax (County of), VA, Series 2024 A, GO Bonds |
5.00% | 10/01/2037 | 40 | 43,700 | ||||||||||
| Fairfax (County of), VA, Series 2024 A, GO Bonds |
4.00% | 10/01/2043 | 10 | 9,570 | ||||||||||
| Isle Wight (County of), VA Economic Development Authority (Riverside Health System), Series 2023, RB, (INS - AGI)(a) |
5.25% | 07/01/2043 | 45 | 47,082 | ||||||||||
| Isle Wight (County of), VA Economic Development Authority (Riverside Health System), Series 2023, RB, (INS - AGI)(a) |
4.75% | 07/01/2053 | 70 | 67,366 | ||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Centuity College and Equipment), Series 2023, RB |
5.00% | 02/01/2033 | 70 | 78,828 | ||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Centuity College and Equipment), Series 2023, RB |
4.00% | 02/01/2043 | 5 | 4,591 | ||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and Equipment Programs), Series 2023, RB |
5.00% | 02/01/2039 | 160 | 172,111 | ||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and Equipment Programs), Series 2023, RB |
5.00% | 02/01/2040 | 190 | 202,789 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2033 Municipal Bond ETF (BSSX)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Virginia-(continued) |
||||||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and Equipment Programs), Series 2023, RB |
5.00% | 02/01/2041 | $ | 45 | $ | 47,739 | ||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and Equipment Programs), Series 2023, Ref. RB |
5.00% | 02/01/2035 | 10 | 11,109 | ||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Century College and Equipments Programs), Series 2023, Ref. RB |
5.00% | 02/01/2033 | 20 | 22,493 | ||||||||||
| Virginia (Commonwealth of) Public Building Authority (Bidding Group 1), Series 2022 A, RB |
5.00% | 08/01/2033 | 65 | 72,490 | ||||||||||
| Virginia (Commonwealth of) Transportation Board (Transportation Capital), Series 2024, Ref. RB |
5.00% | 05/15/2033 | 65 | 73,387 | ||||||||||
| Virginia Port Authority Commonwealth Port Fund, Series 2023 A, RB |
5.25% | 07/01/2048 | 100 | 104,457 | ||||||||||
| Williamsburg Economic Development Authority (William & Mary), Series 2023 A, RB, (INS - AGI)(a) |
5.25% | 07/01/2053 | 25 | 25,914 | ||||||||||
|
|
|
|||||||||||||
| 1,038,782 | ||||||||||||||
|
|
|
|||||||||||||
| Washington-3.40% |
||||||||||||||
| Energy Northwest, Series 2024 A, Ref. RB |
5.00% | 07/01/2033 | 50 | 56,459 | ||||||||||
| Energy Northwest (Columbia Generating Station), Series 2022, Ref. RB |
5.00% | 07/01/2033 | 45 | 49,892 | ||||||||||
| Energy Northwest (Columbia Generating Station), Series 2023, Ref. RB |
5.00% | 07/01/2036 | 90 | 99,062 | ||||||||||
| Energy Northwest (Columbia Generating Station), Series 2023, Ref. RB |
5.00% | 07/01/2037 | 100 | 108,841 | ||||||||||
| Energy Northwest (Columbia Generating Station), Series 2023, Ref. RB |
5.00% | 07/01/2038 | 90 | 97,117 | ||||||||||
| Energy Northwest (Columbia Generating Station), Series 2023, Ref. RB |
5.00% | 07/01/2039 | 105 | 112,552 | ||||||||||
| King & Snohomish Counties School District No. 417 Northshore, Series 2024, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
4.00% | 12/01/2033 | 10 | 10,429 | ||||||||||
| King (County of), WA, Series 2024 A, Ref. RB |
5.00% | 01/01/2033 | 15 | 16,882 | ||||||||||
| King County School District No. 401 Highline, Series 2023, GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2033 | 10 | 11,115 | ||||||||||
| Seattle (City of), WA, Series 2023 A, Ref. RB |
5.00% | 03/01/2053 | 20 | 20,297 | ||||||||||
| Seattle (City of), WA, Series 2023, RB |
5.00% | 02/01/2049 | 10 | 10,231 | ||||||||||
| Seattle (City of), WA, Series 2023, RB |
5.00% | 02/01/2053 | 75 | 76,301 | ||||||||||
| Seattle (Port of), WA, Series 2022 A, Ref. RB |
5.00% | 08/01/2033 | 100 | 110,310 | ||||||||||
| Snohomish County School District No. 15 Edmonds, Series 2024, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2033 | 10 | 11,240 | ||||||||||
| University of Washington, Series 2024 C, RB |
5.00% | 04/01/2033 | 10 | 11,229 | ||||||||||
| Washington (State of), Series 2022 A-1, GO Bonds |
5.00% | 08/01/2033 | 5 | 5,573 | ||||||||||
| Washington (State of), Series 2023 A, GO Bonds |
5.00% | 08/01/2035 | 20 | 22,108 | ||||||||||
| Washington (State of), Series 2023 B, GO Bonds |
5.00% | 06/01/2041 | 25 | 26,309 | ||||||||||
| Washington (State of), Series 2024, Ref. GO Bonds |
5.00% | 07/01/2033 | 5 | 5,646 | ||||||||||
| Washington (State of), Series R-2023B, Ref. GO Bonds |
5.00% | 07/01/2036 | 30 | 32,868 | ||||||||||
| Washington (State of), Series R-2023B, Ref. GO Bonds |
5.00% | 07/01/2037 | 80 | 86,951 | ||||||||||
| Washington (State of), Series R-2023B, Ref. GO Bonds |
5.00% | 07/01/2038 | 55 | 59,191 | ||||||||||
| Washington (State of), Series R-2023B, Ref. GO Bonds |
5.00% | 07/01/2039 | 80 | 85,526 | ||||||||||
| Washington (State of), Series R-2023B, Ref. GO Bonds |
5.00% | 07/01/2040 | 30 | 31,808 | ||||||||||
| Washington (State of), Series R-2024A, Ref. GO Bonds |
5.00% | 02/01/2033 | 5 | 5,631 | ||||||||||
| Washington (State of), Series R-2024B, Ref. GO Bonds |
5.00% | 06/01/2037 | 20 | 21,834 | ||||||||||
| Washington (State of), Series R-2024B, Ref. GO Bonds |
5.00% | 06/01/2038 | 110 | 118,820 | ||||||||||
| Washington (State of), Series R-2024B, Ref. GO Bonds |
5.00% | 06/01/2039 | 20 | 21,455 | ||||||||||
| Washington (State of) (Bid Group 1), Series 2024 A, GO Bonds |
5.00% | 08/01/2036 | 5 | 5,479 | ||||||||||
| Washington (State of) (Bid Group 1), Series 2024 A, GO Bonds |
5.00% | 08/01/2037 | 80 | 86,995 | ||||||||||
| Washington (State of) (Bid Group 1), Series 2024 A, GO Bonds |
5.00% | 08/01/2039 | 5 | 5,345 | ||||||||||
| Washington (State of) (Bid Group 2), Series 2022 C, GO Bonds |
5.00% | 02/01/2033 | 30 | 33,307 | ||||||||||
| Washington (State of) (Bid Group 2), Series 2023 B, GO Bonds |
5.00% | 02/01/2037 | 60 | 65,236 | ||||||||||
| Washington (State of) (Bid Group 2), Series 2023 B, GO Bonds |
5.00% | 02/01/2038 | 30 | 32,306 | ||||||||||
| Washington (State of) (Bid Group 2), Series 2023 B, GO Bonds |
5.00% | 02/01/2039 | 55 | 58,786 | ||||||||||
| Washington (State of) (Bid Group 2), Series 2023 B, GO Bonds |
5.00% | 02/01/2041 | 130 | 136,602 | ||||||||||
| Washington (State of) (Bid Group 2), Series 2023 B, GO Bonds |
5.00% | 02/01/2042 | 30 | 31,319 | ||||||||||
| Washington (State of) (Bid Group 2), Series 2023 B, GO Bonds |
5.00% | 06/01/2047 | 15 | 15,391 | ||||||||||
| Washington (State of) (Bid Group 2), Series 2024 A, GO Bonds |
5.00% | 08/01/2041 | 20 | 21,069 | ||||||||||
| Washington (State of) (Bid Group 2), Series 2024 A, GO Bonds |
5.00% | 08/01/2043 | 35 | 36,487 | ||||||||||
| Washington (State of) (Bid Group 2), Series R-2023A, Ref. GO Bonds |
5.00% | 08/01/2033 | 30 | 33,892 | ||||||||||
| Washington (State of) (Bid Group 3), Series 2023 B, GO Bonds |
5.00% | 02/01/2043 | 170 | 176,901 | ||||||||||
| Washington (State of) (Bid Group 3), Series 2023 B, GO Bonds |
5.00% | 02/01/2044 | 195 | 202,040 | ||||||||||
| Washington (State of) (Bid Group 3), Series 2023 B, GO Bonds |
5.00% | 02/01/2045 | 15 | 15,484 | ||||||||||
| Washington (State of) (Bid Group 3), Series 2023 B, GO Bonds |
5.00% | 02/01/2046 | 25 | 25,717 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2033 Municipal Bond ETF (BSSX)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Washington-(continued) |
||||||||||||||
| Washington (State of) (Bid Group 3), Series R-2023A, Ref. GO Bonds |
5.00% | 08/01/2035 | $ | 30 | $ | 33,163 | ||||||||
| Washington (State of) (Bid Group 3), Series R-2023A, Ref. GO Bonds |
5.00% | 08/01/2037 | 95 | 103,307 | ||||||||||
| Washington (State of) (Bid Group 3), Series R-2023A, Ref. GO Bonds |
5.00% | 08/01/2038 | 40 | 43,050 | ||||||||||
| Whatcom (County of), WA Bellingham School District No. 501, Series 2023, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2039 | 50 | 53,061 | ||||||||||
|
|
|
|||||||||||||
| 2,540,614 | ||||||||||||||
|
|
|
|||||||||||||
| West Virginia-0.46% |
||||||||||||||
| West Virginia (State of) Hospital Finance Authority (Vandalia Health Group), Series 2023 B, RB |
5.75% | 09/01/2043 | 60 | 63,198 | ||||||||||
| West Virginia (State of) Hospital Finance Authority (West Virginia University Health System Obligated Group), Series 2023 A, RB |
5.00% | 06/01/2040 | 20 | 20,684 | ||||||||||
| West Virginia (State of) Hospital Finance Authority (West Virginia University Health System Obligated Group), Series 2023 A, RB |
5.00% | 06/01/2043 | 110 | 112,005 | ||||||||||
| West Virginia (State of) Hospital Finance Authority (West Virginia University Health System Obligated Group), Series 2023, RB |
5.00% | 06/01/2041 | 25 | 25,676 | ||||||||||
| West Virginia (State of) Hospital Finance Authority (West Virginia University Health System Obligated Group), Series 2023, RB |
4.38% | 06/01/2053 | 135 | 122,730 | ||||||||||
|
|
|
|||||||||||||
| 344,293 | ||||||||||||||
|
|
|
|||||||||||||
| Wisconsin-0.66% |
||||||||||||||
| Wisconsin (State of), Series 2023 2, Ref. GO Bonds |
5.00% | 05/01/2037 | 125 | 136,323 | ||||||||||
| Wisconsin (State of), Series 2023 A, GO Bonds |
5.00% | 05/01/2033 | 25 | 27,841 | ||||||||||
| Wisconsin (State of), Series 2023-2, Ref. GO Bonds |
5.00% | 05/01/2035 | 60 | 66,498 | ||||||||||
| Wisconsin (State of), Series 2023-2, Ref. GO Bonds |
5.00% | 05/01/2036 | 145 | 159,343 | ||||||||||
| Wisconsin (State of), Series 2023-2, Ref. GO Bonds |
5.00% | 05/01/2039 | 95 | 101,893 | ||||||||||
|
|
|
|||||||||||||
| 491,898 | ||||||||||||||
|
|
|
|||||||||||||
| TOTAL INVESTMENTS IN SECURITIES(d)
-98.54% |
73,554,926 | |||||||||||||
| OTHER ASSETS LESS LIABILITIES-1.46% |
1,088,917 | |||||||||||||
|
|
|
|||||||||||||
| NET ASSETS-100.00% |
$ | 74,643,843 | ||||||||||||
|
|
|
|||||||||||||
Investment Abbreviations:
| AGI | -Assured Guaranty, Inc. | |
| AMBAC | -American Municipal Bond Assurance Corp. | |
| BAM | -Build America Mutual Assurance Co. | |
| CEP | -Credit Enhancement Provider | |
| COP | -Certificates of Participation | |
| Ctfs. | -Certificates | |
| GO | -General Obligation | |
| INS | -Insurer | |
| RB | -Revenue Bonds | |
| Ref. | -Refunding | |
| Wts. | -Warrants |
Notes to Schedule of Investments:
| (a) | Principal and/or interest payments are secured by the bond insurance company listed. |
| (b) | Advance refunded; secured by an escrow fund of U.S. Government obligations or other highly rated collateral. |
| (c) | Security has an irrevocable call by the issuer or mandatory put by the holder. Maturity date reflects such call or put. |
| (d) | This table provides a listing of those entities that have either issued, guaranteed, backed or otherwise enhanced the credit quality of more than 5% of the securities held in the portfolio. In instances where the entity has guaranteed, backed or otherwise enhanced the credit quality of a security, it is not primarily responsible for the issuer’s obligations but may be called upon to satisfy the issuer’s obligations. |
| Entities | Percentage | |||
| Assured Guaranty Inc. |
5.13% | |||
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Schedule of Investments
Invesco BulletShares 2034 Municipal Bond ETF (BSMY)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Municipal Obligations-97.84% |
||||||||||||||
| Arizona-1.72% |
||||||||||||||
| Glendale (City of), AZ, Series 2024, Ref. RB |
5.00% | 07/01/2036 | $ | 95 | $ | 105,189 | ||||||||
| Phoenix Civic Improvement Corp., Series 2023, RB |
5.00% | 07/01/2034 | 5 | 5,610 | ||||||||||
| Salt River Project Agricultural Improvement & Power District, Series 2023 B, RB |
5.25% | 01/01/2053 | 200 | 207,750 | ||||||||||
| University of Arizona Board of Regents (Green Bonds), Series 2024, RB |
5.00% | 07/01/2050 | 60 | 61,138 | ||||||||||
| Yuma (City of), AZ Industrial Development Authority (Yuma Regional Medical Center), Series 2024, Ref. RB |
5.25% | 08/01/2049 | 50 | 50,725 | ||||||||||
| Yuma (City of), AZ Industrial Development Authority (Yuma Regional Medical Center), Series 2024, Ref. RB |
5.25% | 08/01/2054 | 15 | 15,127 | ||||||||||
|
|
|
|||||||||||||
| 445,539 | ||||||||||||||
|
|
|
|||||||||||||
| California-14.09% |
||||||||||||||
| California (State of), Series 2019, Ref. GO Bonds |
3.00% | 10/01/2034 | 75 | 71,373 | ||||||||||
| California (State of), Series 2020, Ref. GO Bonds |
3.00% | 11/01/2034 | 40 | 38,017 | ||||||||||
| California (State of), Series 2024, GO Bonds |
5.00% | 09/01/2039 | 85 | 92,404 | ||||||||||
| California (State of), Series 2024, GO Bonds |
5.00% | 09/01/2041 | 5 | 5,400 | ||||||||||
| California (State of), Series 2024, GO Bonds |
5.00% | 09/01/2044 | 25 | 26,412 | ||||||||||
| California (State of), Series 2024, GO Bonds |
5.00% | 09/01/2048 | 50 | 52,188 | ||||||||||
| California (State of), Series 2024, Ref. GO Bonds |
5.00% | 08/01/2037 | 25 | 27,615 | ||||||||||
| California (State of), Series 2024, Ref. GO Bonds |
4.00% | 09/01/2037 | 155 | 155,573 | ||||||||||
| California (State of), Series 2024, Ref. GO Bonds |
5.00% | 09/01/2037 | 5 | 5,498 | ||||||||||
| California (State of) Enterprise Development Authority (Riverside County-Mead Valley Wellness Village), Series 2024, RB |
5.25% | 11/01/2054 | 5 | 5,280 | ||||||||||
| California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center), Series 2016 B, Ref. RB |
3.00% | 08/15/2034 | 35 | 32,121 | ||||||||||
| California (State of) Health Facilities Financing Authority (Commonspirit Health), Series 2024 A, RB |
5.25% | 12/01/2049 | 150 | 153,590 | ||||||||||
| California (State of) Infrastructure & Economic Development Bank (Equitable School Revolving Fund) (Social Bonds), Series 2024, RB |
5.00% | 11/01/2059 | 100 | 96,598 | ||||||||||
| California (State of) Municipal Finance Authority, Series 2024 A, RB |
5.00% | 09/01/2054 | 150 | 151,849 | ||||||||||
| California (State of) Public Works Board (May Lee State Office Complex), Series 2024 A, RB |
5.00% | 04/01/2041 | 205 | 217,270 | ||||||||||
| California (State of) Public Works Board (May Lee State Office Complex), Series 2024 A, RB |
5.00% | 04/01/2043 | 5 | 5,238 | ||||||||||
| California (State of) Public Works Board (Various Capital), Series 2024, Ref. RB |
5.00% | 09/01/2036 | 20 | 22,146 | ||||||||||
| California (State of) Public Works Board (Various Capital), Series 2024, Ref. RB |
5.00% | 09/01/2038 | 10 | 10,856 | ||||||||||
| California (State of) Public Works Board (Various Capital), Series 2024, Ref. RB |
5.00% | 09/01/2039 | 10 | 10,807 | ||||||||||
| California (State of) Statewide Communities Development Authority (Adventist Health System), Series 2015 A, Ref. RB |
4.13% | 03/01/2034 | 25 | 24,536 | ||||||||||
| California (State of) Statewide Communities Development Authority (John Muir Health), Series 2024 A, Ref. RB |
5.00% | 12/01/2049 | 100 | 100,770 | ||||||||||
| California State University, Series 2024 A, GO Bonds |
5.00% | 11/01/2041 | 5 | 5,470 | ||||||||||
| California State University, Series 2024 A, GO Bonds |
5.00% | 11/01/2042 | 55 | 59,580 | ||||||||||
| California State University, Series 2024 A, RB |
5.00% | 11/01/2034 | 15 | 17,399 | ||||||||||
| California State University, Series 2024 A, RB |
5.00% | 11/01/2039 | 35 | 38,895 | ||||||||||
| California State University, Series 2024 A, RB |
5.50% | 11/01/2049 | 75 | 81,329 | ||||||||||
| Citrus Community College District (Election of 2020), Series 2024 B, GO Bonds |
5.00% | 08/01/2049 | 20 | 21,042 | ||||||||||
| Goleta Union School District (Election of 2020), Series 2024 C, GO Bonds |
5.00% | 08/01/2049 | 75 | 78,733 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2023 A, Ref. RB |
5.00% | 07/01/2034 | 5 | 5,411 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2024 B, Ref. RB |
5.00% | 07/01/2038 | 20 | 20,978 | ||||||||||
| Los Angeles (City of), CA Department of Water & Power, Series 2024 B, Ref. RB |
5.00% | 07/01/2039 | 250 | 259,690 | ||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2024 A, Ref. RB |
5.00% | 06/01/2039 | 10 | 11,106 | ||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Measure R), Series 2024 A, Ref. RB |
5.00% | 06/01/2034 | 5 | 5,788 | ||||||||||
| Los Angeles (County of), CA Metropolitan Transportation Authority (Measure R), Series 2024 A, Ref. RB |
5.00% | 06/01/2036 | 5 | 5,701 | ||||||||||
| Los Angeles (County of), CA Public Works Financing Authority, Series 2024 H, Ref. RB |
5.00% | 12/01/2037 | 20 | 22,038 | ||||||||||
| Los Angeles (County of), CA Public Works Financing Authority, Series 2024 H, Ref. RB |
5.25% | 12/01/2044 | 25 | 26,735 | ||||||||||
| Los Angeles County Facilities 2, Inc., Series 2024 A, RB |
5.25% | 06/01/2054 | 100 | 104,579 | ||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2023, GO Bonds |
5.00% | 07/01/2034 | 10 | 11,310 | ||||||||||
| Los Angeles Unified School District (Green Bonds), Series 2023, GO Bonds |
5.00% | 07/01/2043 | 65 | 68,599 | ||||||||||
| Metropolitan Water District of Southern California, Series 2024 A, Ref. RB |
5.00% | 04/01/2034 | 5 | 5,785 | ||||||||||
| M-S-R Energy Authority, Series 2009 C, RB |
7.00% | 11/01/2034 | 100 | 117,797 | ||||||||||
| Rincon Valley Union School District (Election od 2024), Series 2024 A, GO Bonds |
5.00% | 08/01/2054 | 15 | 15,578 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2034 Municipal Bond ETF (BSMY)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| California-(continued) |
||||||||||||||||
| Riverside (City of), CA, Series 2024 A, Ref. RB |
5.00% | 10/01/2049 | $ | 10 | $ | 10,404 | ||||||||||
| Sacramento (City of), CA Municipal Utility District, Series 2024, Ref. RB |
5.00% | 11/15/2036 | 10 | 11,261 | ||||||||||||
| Sacramento (City of), CA Municipal Utility District (Green Bonds), Series 2024 M, RB |
5.00% | 11/15/2054 | 75 | 77,837 | ||||||||||||
| Sacramento (County of), CA, Series 2024, RB |
5.00% | 07/01/2044 | 20 | 20,905 | ||||||||||||
| Sacramento (County of), CA, Series 2024, RB |
5.25% | 07/01/2049 | 35 | 36,737 | ||||||||||||
| Sacramento (County of), CA, Series 2024, RB |
5.00% | 07/01/2054 | 5 | 5,087 | ||||||||||||
| Sacramento (County of), CA Sanitation Districts Financing Authority (Sacramento Area Sewer District Treatment & Resource Recovery System), Series 2024, Ref. RB |
5.00% | 12/01/2034 | 20 | 23,136 | ||||||||||||
| Sacramento (County of), CA Sanitation Districts Financing Authority (Sacramento Area Sewer District Treatment & Resource Recovery System), Series 2024, Ref. RB |
5.00% | 12/01/2037 | 20 | 22,567 | ||||||||||||
| Sacramento (County of), CA Sanitation Districts Financing Authority (Sacramento Area Sewer District Treatment & Resource Recovery System), Series 2024, Ref. RB |
5.00% | 12/01/2039 | 15 | 16,658 | ||||||||||||
| San Diego (City of), CA Public Facilities Financing Authority, Series 2024 A, RB |
5.00% | 05/15/2049 | 10 | 10,458 | ||||||||||||
| San Diego (County of), CA Regional Transportation Commission, Series 2023 A, Ref. RB |
5.00% | 04/01/2034 | 30 | 34,339 | ||||||||||||
| San Diego Unified School District (Election of 2018) (Green Bonds), Series 2024, GO Bonds |
5.00% | 07/01/2049 | 25 | 26,121 | ||||||||||||
| San Francisco (City & County of), CA Public Utilities Commission (Green Bonds), Series 2024 C, RB |
5.00% | 10/01/2040 | 10 | 10,848 | ||||||||||||
| San Francisco (City & County of), CA Public Utilities Commission (Green Bonds), Series 2024 C, RB |
5.00% | 10/01/2049 | 100 | 103,652 | ||||||||||||
| San Francisco (County of), CA Transportation Authority, Series 2017, RB |
3.00% | 02/01/2034 | 15 | 14,149 | ||||||||||||
| San Francisco Community College District (Election of 2020), Series 2024 B, GO Bonds, (INS - BAM)(a) |
5.25% | 06/15/2049 | 150 | 158,089 | ||||||||||||
| Santa Clara (County of), CA Financing Authority, Series 2016 Q, Ref. RB |
3.00% | 05/15/2034 | 50 | 46,287 | ||||||||||||
| Santa Clara Unified School District, Series 2017, Ref. GO Bonds |
3.00% | 07/01/2034 | 70 | 66,455 | ||||||||||||
| Santa Clara Valley Transportation Authority, Series 2023 A, Ref. RB |
5.00% | 04/01/2034 | 20 | 22,802 | ||||||||||||
| Santa Clara Valley Water District, Series 2024 A-1, RB |
5.00% | 06/01/2052 | 20 | 21,114 | ||||||||||||
| Santa Clara Valley Water District, Series 2024 A-1, RB |
5.00% | 06/01/2054 | 10 | 10,493 | ||||||||||||
| Southern California Public Power Authority, Series 2024, RB |
5.00% | 07/01/2038 | 35 | 36,794 | ||||||||||||
| Southern California Public Power Authority, Series 2024, RB |
5.00% | 07/01/2040 | 50 | 51,859 | ||||||||||||
| Southern California Public Power Authority, Series 2024, RB |
5.00% | 07/01/2049 | 100 | 100,393 | ||||||||||||
| University of California, Series 2024 BS, Ref. RB |
5.00% | 05/15/2036 | 20 | 22,175 | ||||||||||||
| University of California, Series 2024 BS, Ref. RB |
5.00% | 05/15/2037 | 45 | 49,510 | ||||||||||||
| University of California, Series 2024 BS, Ref. RB |
5.00% | 05/15/2041 | 5 | 5,349 | ||||||||||||
| University of California, Series 2024 BV, Ref. RB |
5.00% | 05/15/2036 | 25 | 27,719 | ||||||||||||
| University of California, Series 2024 BV, Ref. RB |
5.00% | 05/15/2038 | 175 | 190,716 | ||||||||||||
| University of California, Series 2024 BV, Ref. RB |
5.00% | 05/15/2039 | 10 | 10,865 | ||||||||||||
| University of California, Series 2024 BV, Ref. RB |
5.00% | 05/15/2040 | 5 | 5,382 | ||||||||||||
| University of California, Series 2024 BV, Ref. RB |
5.00% | 05/15/2044 | 30 | 31,500 | ||||||||||||
| University of California, Series 2024 BV, Ref. RB |
5.00% | 05/15/2045 | 55 | 57,524 | ||||||||||||
| University of California, Series 2024, Ref. RB |
5.00% | 05/15/2043 | 5 | 5,275 | ||||||||||||
| Victor Valley Union High School District, Series 2016 A, Ref. GO Bonds, (INS - BAM)(a) |
3.00% | 08/01/2034 | 20 | 18,706 | ||||||||||||
|
|
|
|||||||||||||||
| 3,652,250 | ||||||||||||||||
|
|
|
|||||||||||||||
| Colorado-2.44% |
||||||||||||||||
| Adams & Weld Counties School District No. 27J Brighton, Series 2024 A, GO Bonds |
5.00% | 12/01/2048 | 100 | 103,196 | ||||||||||||
| Arapahoe County School District No. 5 Cherry Creek, Series 2024, GO Bonds |
5.25% | 12/15/2043 | 5 | 5,359 | ||||||||||||
| Aurora (City of), CO, Series 2024, RB |
5.00% | 08/01/2054 | 70 | 71,116 | ||||||||||||
| Colorado (State of) Bridge & Tunnel Enterprise, Series 2024 B, Ref. RB |
5.00% | 12/01/2038 | 35 | 38,198 | ||||||||||||
| Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2024 A, Ref. RB |
5.00% | 12/01/2039 | 95 | 98,415 | ||||||||||||
| Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2024, Ref. RB |
5.00% | 11/15/2039 | 75 | 79,782 | ||||||||||||
| Douglas County School District No. Re-1 Douglas & Elbert Counties, Series 2024, GO Bonds |
5.00% | 12/15/2041 | 100 | 106,380 | ||||||||||||
| Mesa County Valley School District No. 51 Grand Junction, Series 2025, GO Bonds |
5.25% | 12/01/2044 | 75 | 79,964 | ||||||||||||
| St. Vrain Valley School District Re-1J (Boulder, Larimer & Weld Counties and the City and County of Broomfield), Series 2024, GO Bonds |
5.00% | 12/15/2036 | 10 | 11,175 | ||||||||||||
| St. Vrain Valley School District Re-1J (Boulder, Larimer & Weld Counties and the City and County of Broomfield), Series 2024, GO Bonds |
5.00% | 12/15/2038 | 35 | 38,431 | ||||||||||||
|
|
|
|||||||||||||||
| 632,016 | ||||||||||||||||
|
|
|
|||||||||||||||
| Connecticut-1.53% |
||||||||||||||||
| Connecticut (State of), Series 2023 A, RB |
5.00% | 07/01/2037 | 250 | 272,881 | ||||||||||||
| Connecticut (State of), Series 2023 A, RB |
5.00% | 07/01/2039 | 10 | 10,734 | ||||||||||||
| Connecticut (State of) (Green Bonds), Series 2024 G, GO Bonds |
5.00% | 11/15/2040 | 50 | 53,714 | ||||||||||||
| Connecticut (State of) (Social Bonds), Series 2024 B, GO Bonds |
5.00% | 01/15/2037 | 5 | 5,486 | ||||||||||||
| Connecticut (State of) (Social Bonds), Series 2024 B, GO Bonds |
5.00% | 01/15/2038 | 35 | 38,036 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2034 Municipal Bond ETF (BSMY)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Connecticut-(continued) |
||||||||||||||
| Connecticut (State of) (Social Bonds), Series 2024 B, GO Bonds |
5.00% | 01/15/2039 | $ | 5 | $ | 5,394 | ||||||||
| Connecticut (State of) (Social Bonds), Series 2024 C, GO Bonds |
5.00% | 03/01/2034 | 5 | 5,642 | ||||||||||
| Connecticut (State of) (Transportation Infrastructure), Series 2024, RB |
5.00% | 07/01/2038 | 5 | 5,448 | ||||||||||
|
|
|
|||||||||||||
| 397,335 | ||||||||||||||
|
|
|
|||||||||||||
| District of Columbia-1.64% |
||||||||||||||
| District of Columbia, Series 2024 A, GO Bonds |
5.00% | 08/01/2042 | 15 | 15,738 | ||||||||||
| District of Columbia, Series 2024 A, GO Bonds |
5.00% | 08/01/2043 | 20 | 20,906 | ||||||||||
| District of Columbia, Series 2024 A, GO Bonds |
5.00% | 08/01/2044 | 20 | 20,804 | ||||||||||
| District of Columbia, Series 2024 A, GO Bonds |
5.00% | 08/01/2049 | 150 | 153,588 | ||||||||||
| District of Columbia Water & Sewer Authority, Series 2024 A, Ref. RB |
5.00% | 10/01/2036 | 120 | 133,276 | ||||||||||
| Washington Metropolitan Area Transit Authority, Series 2024, RB |
5.25% | 07/15/2059 | 50 | 51,259 | ||||||||||
| Washington Metropolitan Area Transit Authority (Green Bonds), Series 2024, RB |
5.00% | 07/15/2054 | 30 | 30,234 | ||||||||||
|
|
|
|||||||||||||
| 425,805 | ||||||||||||||
|
|
|
|||||||||||||
| Florida-3.26% |
||||||||||||||
| Central Florida Expressway Authority, Series 2017, Ref. RB, (INS - BAM)(a) |
3.00% | 07/01/2034 | 60 | 55,298 | ||||||||||
| Collier (County of), FL Industrial Development Authority (NCH Healthcare System), Series 2024, RB, (INS - AGI)(a) |
5.00% | 10/01/2054 | 75 | 75,141 | ||||||||||
| Florida (State of) (Capital Outlay), Series 2017 C, Ref. GO Bonds |
3.00% | 06/01/2034 | 5 | 4,583 | ||||||||||
| Halifax Hospital Medical Center (Daytona Beach), Series 2024, RB |
5.25% | 06/01/2054 | 100 | 100,841 | ||||||||||
| JEA Electric System, Series 2024 A, Ref. RB |
5.00% | 10/01/2034 | 10 | 11,130 | ||||||||||
| Marion (County of), FL School Board, Series 2024, COP, (INS - AGI)(a) |
5.00% | 06/01/2034 | 10 | 11,076 | ||||||||||
| Marion (County of), FL School Board, Series 2024, COP, (INS - AGI)(a) |
5.00% | 06/01/2037 | 50 | 54,018 | ||||||||||
| Miami-Dade (County of), FL, Series 2017 B, Ref. RB |
3.00% | 10/01/2034 | 100 | 92,778 | ||||||||||
| Miami-Dade (County of), FL, Series 2024 A, RB |
5.25% | 10/01/2054 | 15 | 15,452 | ||||||||||
| Orlando (City of), FL Utilities Commission, Series 2025 B, Ref. RB |
5.00% | 10/01/2034 | 10 | 11,359 | ||||||||||
| Pasco (County of), FL, Series 2024 A, RB |
5.00% | 10/01/2054 | 130 | 133,185 | ||||||||||
| South Broward Hospital District, Series 2016, Ref. RB |
3.00% | 05/01/2034 | 70 | 64,305 | ||||||||||
| Tallahassee (City of), FL, Series 2024 A, Ref. RB |
5.00% | 10/01/2037 | 15 | 16,474 | ||||||||||
| Tallahassee (City of), FL, Series 2024 A, Ref. RB |
5.00% | 10/01/2038 | 30 | 32,617 | ||||||||||
| Tallahassee (City of), FL, Series 2024, Ref. RB |
5.00% | 10/01/2039 | 10 | 10,790 | ||||||||||
| Tampa (City of), FL, Series 2024, RB |
5.00% | 10/01/2047 | 50 | 52,170 | ||||||||||
| Tampa Bay (City of), FL Water, Series 2024 A, RB |
5.25% | 10/01/2054 | 100 | 104,477 | ||||||||||
|
|
|
|||||||||||||
| 845,694 | ||||||||||||||
|
|
|
|||||||||||||
| Georgia-0.96% |
||||||||||||||
| Atlanta (City of), GA, Series 2024, RB, (INS - BAM)(a) |
5.00% | 11/01/2036 | 25 | 27,830 | ||||||||||
| Atlanta (City of), GA (Green Bonds), Series 2024, RB, (INS - BAM)(a) |
5.00% | 11/01/2040 | 5 | 5,386 | ||||||||||
| Atlanta (City of), GA Department of Aviation (Green Bonds), Series 2024 A-1, RB |
5.00% | 07/01/2054 | 20 | 20,362 | ||||||||||
| Columbia (County of), GA, Series 2024, RB |
5.00% | 06/01/2049 | 10 | 10,340 | ||||||||||
| Coweta County Water & Sewage Authority, Series 2024, RB |
5.00% | 06/01/2054 | 75 | 76,734 | ||||||||||
| Fulton (County of), GA Development Authority (Curran Street Residence Hall), Series 2024, RB |
5.00% | 06/15/2056 | 65 | 66,261 | ||||||||||
| Metropolitan Atlanta Rapid Transit Authority (Green Bonds), Series 2024 A, GO Bonds |
5.00% | 07/01/2034 | 5 | 5,643 | ||||||||||
| Metropolitan Atlanta Rapid Transit Authority (Green Bonds), Series 2024 B, RB |
5.00% | 07/01/2045 | 15 | 15,697 | ||||||||||
| Rockdale (County of), GA Public Facilities Authority, Series 2024, RB |
5.00% | 01/01/2049 | 20 | 20,582 | ||||||||||
|
|
|
|||||||||||||
| 248,835 | ||||||||||||||
|
|
|
|||||||||||||
| Hawaii-0.60% |
||||||||||||||
| Honolulu (City & County), HI Board of Water Supply (Green Bonds), Series 2024 A, Ref. RB |
5.00% | 07/01/2053 | 150 | 154,740 | ||||||||||
|
|
|
|||||||||||||
| Idaho-0.53% |
||||||||||||||
| Idaho (State of) Housing & Finance Association, Series 2024, RB |
5.00% | 08/15/2048 | 100 | 103,262 | ||||||||||
| Idaho State Building Authority (School Modernization Facilities), Series 2025, RB |
5.00% | 06/01/2034 | 30 | 33,991 | ||||||||||
|
|
|
|||||||||||||
| 137,253 | ||||||||||||||
|
|
|
|||||||||||||
| Illinois-4.62% |
||||||||||||||
| Chicago (City of), IL, Series 2024 A, Ref. RB |
5.00% | 11/01/2038 | 145 | 152,505 | ||||||||||
| Chicago (City of), IL, Series 2024, Ref. RB, (INS - BAM)(a) |
5.00% | 01/01/2044 | 50 | 51,130 | ||||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2024 B, RB |
5.25% | 01/01/2044 | 55 | 57,508 | ||||||||||
| Chicago (City of), IL (O’Hare International Airport), Series 2024 B, RB |
5.00% | 01/01/2048 | 20 | 20,333 | ||||||||||
| Chicago (City of), IL Metropolitan Water Reclamation District (Green Bonds), Series 2024 A, GO Bonds |
5.00% | 12/01/2040 | 45 | 48,100 | ||||||||||
| Chicago (City of), IL Transit Authority, Series 2024 A, Ref. RB |
5.00% | 12/01/2042 | 140 | 144,242 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2034 Municipal Bond ETF (BSMY)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Illinois-(continued) |
||||||||||||||||
| Illinois (State of), Series 2016, GO Bonds, (INS - AGI)(a) |
3.75% | 01/01/2034 | $ | 5 | $ | 4,832 | ||||||||||
| Illinois (State of), Series 2024 B, GO Bonds |
5.00% | 05/01/2037 | 10 | 10,564 | ||||||||||||
| Illinois (State of), Series 2024 B, GO Bonds |
5.00% | 05/01/2038 | 25 | 26,172 | ||||||||||||
| Illinois (State of), Series 2024 B, GO Bonds |
5.00% | 05/01/2041 | 100 | 101,999 | ||||||||||||
| Illinois (State of), Series 2024 B, GO Bonds |
5.25% | 05/01/2044 | 20 | 20,442 | ||||||||||||
| Illinois (State of), Series 2024 B, RB |
5.00% | 06/15/2038 | 30 | 31,585 | ||||||||||||
| Illinois (State of), Series 2024 C, RB |
5.00% | 06/15/2040 | 25 | 25,954 | ||||||||||||
| Illinois (State of), Series 2024, Ref. GO Bonds |
5.00% | 02/01/2038 | 45 | 47,231 | ||||||||||||
| Illinois (State of), Series 2024, Ref. GO Bonds |
5.00% | 02/01/2039 | 15 | 15,631 | ||||||||||||
| Illinois (State of) Finance Authority (Ascension Health), Series 2016 C, Ref. RB(b)(c) |
3.75% | 02/15/2027 | 30 | 30,392 | ||||||||||||
| Illinois (State of) Finance Authority (University of Chicago (The)), Series 2024 A, Ref. RB |
5.25% | 04/01/2043 | 10 | 10,451 | ||||||||||||
| Illinois (State of) Finance Authority (University of Chicago (The)), Series 2024 A, Ref. RB |
5.25% | 04/01/2044 | 50 | 52,084 | ||||||||||||
| Illinois (State of) Finance Authority (University of Chicago (The)), Series 2024 A, Ref. RB |
5.25% | 04/01/2045 | 65 | 67,401 | ||||||||||||
| Illinois (State of) Finance Authority (University of Chicago (The)), Series 2024 B, Ref. RB |
5.25% | 04/01/2038 | 10 | 10,829 | ||||||||||||
| Illinois (State of) Municipal Electric Agency, Series 2015 A, Ref. RB |
4.00% | 02/01/2034 | 45 | 44,675 | ||||||||||||
| Illinois (State of) Toll Highway Authority, Series 2024 A, Ref. RB |
5.00% | 01/01/2036 | 55 | 60,564 | ||||||||||||
| Illinois (State of) Toll Highway Authority, Series 2024 A, Ref. RB |
5.00% | 01/01/2037 | 105 | 114,325 | ||||||||||||
| Sales Tax Securitization Corp., Series 2023 C, Ref. RB |
5.00% | 01/01/2034 | 20 | 21,706 | ||||||||||||
| University of Illinois Auxiliary Facilities System, Series 2024, Ref. RB |
5.25% | 04/01/2043 | 20 | 21,020 | ||||||||||||
| Wisconsin (State of) Health & Educational Facilities Authority (Unitypoint Health), Series 2024, Ref. RB |
5.25% | 04/01/2041 | 5 | 5,291 | ||||||||||||
|
|
|
|||||||||||||||
| 1,196,966 | ||||||||||||||||
|
|
|
|||||||||||||||
| Indiana-0.91% |
||||||||||||||||
| Brownsburg 1999 School Building Corp., Series 2024 A, GO Bonds, (CEP - Colorado Higher Education Intercept Program) |
5.00% | 07/15/2043 | 5 | 5,161 | ||||||||||||
| Fishers Town Hall Building Corp., Series 2023 A, RB, (INS - BAM)(a) |
5.75% | 07/15/2058 | 5 | 5,441 | ||||||||||||
| Indiana (State of) Finance Authority (Green Bonds), Series 2024 A, RB |
5.00% | 02/01/2040 | 10 | 10,736 | ||||||||||||
| Indiana (State of) Finance Authority (Green Bonds), Series 2024, RB |
5.00% | 02/01/2042 | 100 | 105,512 | ||||||||||||
| Indiana (State of) Finance Authority (Hendricks Regional Health), Series 2024, Ref. RB |
5.25% | 03/01/2054 | 100 | 99,030 | ||||||||||||
| Indiana University, Series 2024 A, RB |
5.00% | 06/01/2034 | 10 | 11,282 | ||||||||||||
|
|
|
|||||||||||||||
| 237,162 | ||||||||||||||||
|
|
|
|||||||||||||||
| Iowa-0.24% |
||||||||||||||||
| Iowa (State of) Finance Authority (Green Bonds), Series 2023, Ref. RB |
5.00% | 08/01/2034 | 55 | 61,937 | ||||||||||||
|
|
|
|||||||||||||||
| Kansas-0.30% |
||||||||||||||||
| Finney County Unified School District No. 457 Garden City, Series 2016 A, Ref. GO Bonds |
3.25% | 09/01/2034 | 35 | 32,587 | ||||||||||||
| Kansas (State of) Department of Transportation, Series 2024 A, Ref. RB |
5.00% | 09/01/2034 | 20 | 22,644 | ||||||||||||
| Kansas (State of) Development Finance Authority (Green Bonds), Series 2024, RB |
5.00% | 05/01/2041 | 20 | 21,438 | ||||||||||||
|
|
|
|||||||||||||||
| 76,669 | ||||||||||||||||
|
|
|
|||||||||||||||
| Kentucky-0.73% |
||||||||||||||||
| Kentucky (Commonwealth of) Property & Building Commission (No. 130), Series 2024 A, RB |
4.00% | 11/01/2041 | 5 | 4,647 | ||||||||||||
| Kentucky (Commonwealth of) Property & Building Commission (No. 130), Series 2024 A, RB |
5.25% | 11/01/2044 | 35 | 36,666 | ||||||||||||
| Kentucky (Commonwealth of) Property & Building Commission (No. 131), Series 2024 A, RB |
5.00% | 10/01/2043 | 45 | 46,545 | ||||||||||||
| Louisville (City of) & Jefferson (County of), KY Metropolitan Government (Norton Healthcare, Inc.), Series 2016, Ref. RB |
4.00% | 10/01/2034 | 30 | 29,233 | ||||||||||||
| Louisville (City of) & Jefferson (County of), KY Metropolitan Sewer District, Series 2024 A, Ref. RB |
5.00% | 05/15/2037 | 15 | 16,423 | ||||||||||||
| Louisville (City of) & Jefferson (County of), KY Metropolitan Sewer District, Series 2024 A, Ref. RB |
5.00% | 05/15/2038 | 15 | 16,200 | ||||||||||||
| University of Kentucky, Series 2024, RB |
5.00% | 10/01/2049 | 40 | 40,849 | ||||||||||||
|
|
|
|||||||||||||||
| 190,563 | ||||||||||||||||
|
|
|
|||||||||||||||
| Louisiana-0.47% |
||||||||||||||||
| Louisiana (State of), Series 2023 A, Ref. GO Bonds |
5.00% | 02/01/2034 | 50 | 56,241 | ||||||||||||
| Louisiana (State of) Public Facilities Authority (Tulane University of Louisiana), Series 2024, RB |
5.00% | 04/15/2037 | 60 | 65,033 | ||||||||||||
|
|
|
|||||||||||||||
| 121,274 | ||||||||||||||||
|
|
|
|||||||||||||||
| Maine-0.19% |
||||||||||||||||
| Maine (State of) Health & Higher Educational Facilities Authority, Series 2024, RB |
5.00% | 10/01/2036 | 40 | 43,554 | ||||||||||||
| Maine (State of) Health & Higher Educational Facilities Authority, Series 2024, RB |
5.00% | 10/01/2038 | 5 | 5,331 | ||||||||||||
|
|
|
|||||||||||||||
| 48,885 | ||||||||||||||||
|
|
|
|||||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2034 Municipal Bond ETF (BSMY)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Maryland-1.17% |
||||||||||||||
| Maryland (State of), First Series 2024 A, GO Bonds |
5.00% | 06/01/2036 | $ | 120 | $ | 134,237 | ||||||||
| Maryland (State of) (Bidding Group 2), Series 2023, A GO Bonds |
5.00% | 03/15/2034 | 10 | 11,216 | ||||||||||
| Maryland (State of) Department of Transportation, Series 2019, RB |
3.00% | 10/01/2034 | 30 | 27,736 | ||||||||||
| Maryland (State of) Transportation Authority, Series 2024, Ref. RB |
5.00% | 07/01/2038 | 15 | 16,273 | ||||||||||
| Maryland (State of) Transportation Authority, Series 2024, Ref. RB |
5.00% | 07/01/2039 | 60 | 64,619 | ||||||||||
| Maryland (State of) Transportation Authority, Series 2024, Ref. RB |
5.00% | 07/01/2043 | 20 | 20,961 | ||||||||||
| Washington (State of) Suburban Sanitary Commission, Series 2017, RB |
3.00% | 06/15/2034 | 30 | 28,238 | ||||||||||
|
|
|
|||||||||||||
| 303,280 | ||||||||||||||
|
|
|
|||||||||||||
| Massachusetts-5.82% |
||||||||||||||
| Massachusetts (Commonwealth of), Series 2024 A, GO Bonds |
5.00% | 01/01/2038 | 200 | 218,196 | ||||||||||
| Massachusetts (Commonwealth of), Series 2024 A, GO Bonds |
5.00% | 01/01/2039 | 235 | 253,850 | ||||||||||
| Massachusetts (Commonwealth of), Series 2024 A, Ref. GO Bonds |
5.00% | 03/01/2044 | 15 | 15,624 | ||||||||||
| Massachusetts (Commonwealth of), Series 2024 A, Ref. RB |
5.00% | 07/01/2044 | 85 | 89,364 | ||||||||||
| Massachusetts (Commonwealth of), Series 2024 A, Ref. RB |
5.00% | 07/01/2045 | 10 | 10,472 | ||||||||||
| Massachusetts (Commonwealth of), Series 2024 B, GO Bonds |
5.00% | 05/01/2034 | 5 | 5,680 | ||||||||||
| Massachusetts (Commonwealth of), Series 2024 B, GO Bonds |
5.00% | 05/01/2043 | 10 | 10,473 | ||||||||||
| Massachusetts (Commonwealth of), Series 2024 B, GO Bonds |
5.00% | 05/01/2054 | 125 | 127,134 | ||||||||||
| Massachusetts (Commonwealth of), Series 2024 B, Ref. GO Bonds |
5.00% | 11/01/2039 | 35 | 37,667 | ||||||||||
| Massachusetts (Commonwealth of), Series 2024 B, Ref. GO Bonds |
5.00% | 11/01/2040 | 10 | 10,715 | ||||||||||
| Massachusetts (Commonwealth of), Series 2024 D, GO Bonds |
5.00% | 08/01/2044 | 5 | 5,216 | ||||||||||
| Massachusetts (Commonwealth of), Series 2024 E, GO Bonds |
5.00% | 08/01/2053 | 135 | 137,472 | ||||||||||
| Massachusetts (Commonwealth of), Series 2024 H, GO Bonds |
5.00% | 12/01/2043 | 25 | 26,246 | ||||||||||
| Massachusetts (Commonwealth of) (Rail Enhancement Program), Series 2024 A, RB |
5.00% | 06/01/2053 | 70 | 71,319 | ||||||||||
| Massachusetts (Commonwealth of) Bay Transportation Authority, Series 2006 A, RB |
5.25% | 07/01/2034 | 10 | 11,605 | ||||||||||
| Massachusetts (Commonwealth of) Bay Transportation Authority, Series 2024 A, Ref. RB |
5.00% | 07/01/2040 | 5 | 5,418 | ||||||||||
| Massachusetts (Commonwealth of) Bay Transportation Authority, Series 2024 A, Ref. RB |
5.00% | 07/01/2046 | 20 | 20,814 | ||||||||||
| Massachusetts (Commonwealth of) Bay Transportation Authority, Series 2024 A, Ref. RB |
5.25% | 07/01/2052 | 200 | 209,271 | ||||||||||
| Massachusetts (Commonwealth of) Development Finance Agency, Series 2024 T, RB |
5.25% | 03/01/2054 | 200 | 206,363 | ||||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Green Bonds), Series 2024 C, GO Bonds |
5.00% | 08/01/2039 | 10 | 10,881 | ||||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Mass General Brigham), Series 2024, Ref. RB |
5.00% | 07/01/2043 | 5 | 5,158 | ||||||||||
| Massachusetts (Commonwealth of) Development Finance Agency (Mass General Brigham, Inc.), Series 2024 D, Ref. RB |
5.00% | 07/01/2047 | 20 | 20,225 | ||||||||||
|
|
|
|||||||||||||
| 1,509,163 | ||||||||||||||
|
|
|
|||||||||||||
| Michigan-1.15% |
||||||||||||||
| Great Lakes Water Authority, Series 2023 A, Ref. RB |
5.00% | 07/01/2038 | 135 | 145,621 | ||||||||||
| Lansing (City of), MI Board of Water & Light, Series 2024 A, Ref. RB |
5.00% | 07/01/2054 | 75 | 76,211 | ||||||||||
| Michigan State University Board of Trustees, Series 2024 A, RB |
5.25% | 08/15/2054 | 75 | 77,469 | ||||||||||
|
|
|
|||||||||||||
| 299,301 | ||||||||||||||
|
|
|
|||||||||||||
| Minnesota-1.36% |
||||||||||||||
| Minnesota (State of), Series 2024 B, GO Bonds |
4.00% | 08/01/2037 | 100 | 100,266 | ||||||||||
| Minnesota (State of), Series 2024, Ref. GO Bonds |
5.00% | 08/01/2034 | 5 | 5,732 | ||||||||||
| Minnesota (State of) Public Facilities Authority, Series 2023 A, RB |
5.00% | 03/01/2034 | 45 | 50,191 | ||||||||||
| Minnesota Agricultural & Economic Development Board (Healthpartners Obligated Group), Series 2024, RB |
5.25% | 01/01/2047 | 40 | 40,602 | ||||||||||
| Minnesota Agricultural & Economic Development Board (HealthPartners Obligated Group), Series 2024, RB |
5.00% | 01/01/2040 | 45 | 46,427 | ||||||||||
| Minnesota Agricultural & Economic Development Board (HealthPartners Obligated Group), Series 2024, RB |
5.00% | 01/01/2043 | 10 | 10,104 | ||||||||||
| St. Cloud (City of), MN (CentraCare Health System), Series 2024, Ref. RB |
5.00% | 05/01/2040 | 25 | 25,877 | ||||||||||
| St. Cloud (City of), MN (CentraCare Health System), Series 2024, Ref. RB |
5.00% | 05/01/2054 | 75 | 73,513 | ||||||||||
|
|
|
|||||||||||||
| 352,712 | ||||||||||||||
|
|
|
|||||||||||||
| Missouri-0.16% |
||||||||||||||
| St. Louis (City of), MO, Series 2024, RB, (INS - AGI)(a) |
5.25% | 07/01/2054 | 40 | 41,334 | ||||||||||
|
|
|
|||||||||||||
| Nebraska-0.29% |
||||||||||||||
| Omaha (City of), NE Public Power District, Series 2024 D, Ref. RB |
5.00% | 02/01/2039 | 70 | 75,455 | ||||||||||
|
|
|
|||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2034 Municipal Bond ETF (BSMY)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Nevada-0.36% |
||||||||||||||
| Clark County School District, Series 2024 B, GO Bonds |
5.00% | 06/15/2036 | $ | 30 | $ | 32,901 | ||||||||
| Las Vegas Valley Water District, Series 2024 A, Ref. GO Bonds |
5.00% | 06/01/2036 | 40 | 44,354 | ||||||||||
| Las Vegas Valley Water District, Series 2024 A, Ref. GO Bonds |
5.00% | 06/01/2038 | 10 | 10,873 | ||||||||||
| North Las Vegas (City of), NV, Series 2024 B, Ref. GO Bonds |
5.00% | 06/01/2038 | 5 | 5,436 | ||||||||||
|
|
|
|||||||||||||
| 93,564 | ||||||||||||||
|
|
|
|||||||||||||
| New Jersey-4.82% |
||||||||||||||
| New Jersey (State of) Economic Development Authority, Series 2017 A, Ref. RB |
4.00% | 07/01/2034 | 50 | 48,510 | ||||||||||
| New Jersey (State of) Educational Facilities Authority, Series 2024 A-2, RB |
5.00% | 03/01/2043 | 15 | 15,706 | ||||||||||
| New Jersey (State of) Educational Facilities Authority (Princeton University), Series 2024, RB |
5.25% | 03/01/2054 | 200 | 208,394 | ||||||||||
| New Jersey (State of) Health Care Facilities Financing Authority (AHS Hospital Corp.), Series 2016, Ref. RB |
3.50% | 07/01/2034 | 125 | 121,461 | ||||||||||
| New Jersey (State of) Health Care Facilities Financing Authority (Inspira Health Obligated Group), Series 2024 A, Ref. RB |
5.25% | 07/01/2054 | 50 | 50,711 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2024 A, Ref. RB |
5.00% | 06/15/2037 | 25 | 26,765 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2024 A, Ref. RB |
5.25% | 06/15/2039 | 30 | 32,121 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2024 AA, Ref. RB |
5.00% | 06/15/2039 | 40 | 42,053 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2024 AA, Ref. RB |
5.00% | 06/15/2040 | 5 | 5,217 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2024 AA, Ref. RB |
5.25% | 06/15/2041 | 15 | 15,828 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2024 CC, RB |
5.00% | 06/15/2038 | 25 | 26,483 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2024 CC, RB |
5.00% | 06/15/2042 | 30 | 30,865 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2024 CC, RB |
5.00% | 06/15/2043 | 310 | 316,991 | ||||||||||
| New Jersey (State of) Transportation Trust Fund Authority, Series 2024 CC, RB |
5.25% | 06/15/2055 | 70 | 71,668 | ||||||||||
| New Jersey (State of) Turnpike Authority, Series 2024 B, RB |
5.00% | 01/01/2044 | 75 | 77,714 | ||||||||||
| New Jersey (State of) Turnpike Authority, Series 2024 C, Ref. RB |
5.00% | 01/01/2044 | 155 | 160,477 | ||||||||||
|
|
|
|||||||||||||
| 1,250,964 | ||||||||||||||
|
|
|
|||||||||||||
| New York-20.79% |
||||||||||||||
| Long Island (City of), NY Power Authority, Series 2024 A, Ref. RB |
5.00% | 09/01/2038 | 20 | 21,713 | ||||||||||
| Long Island (City of), NY Power Authority, Series 2024 A, Ref. RB |
5.00% | 09/01/2044 | 10 | 10,365 | ||||||||||
| Long Island (City of), NY Power Authority, Series 2024 A, Ref. RB |
5.25% | 09/01/2054 | 100 | 103,529 | ||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2024 A, RB |
5.25% | 11/15/2054 | 20 | 20,813 | ||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2024 A, Ref. RB |
5.00% | 11/15/2036 | 10 | 10,795 | ||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2024 A, Ref. RB |
5.00% | 11/15/2039 | 105 | 110,093 | ||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2024 A, Ref. RB |
5.00% | 11/15/2043 | 100 | 101,997 | ||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2024 A, Ref. RB |
5.00% | 11/15/2044 | 70 | 71,159 | ||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2024 B, Ref. RB |
5.00% | 11/15/2037 | 10 | 10,707 | ||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2024 B, Ref. RB |
5.00% | 11/15/2038 | 5 | 5,298 | ||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2024 B-2, Ref. RB |
5.00% | 11/15/2047 | 125 | 128,251 | ||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2024 B-2, Ref. RB |
5.00% | 11/15/2048 | 10 | 10,241 | ||||||||||
| Metropolitan Transportation Authority (Green Bonds), Series 2024, Ref. RB |
5.00% | 11/15/2049 | 15 | 15,345 | ||||||||||
| New York & New Jersey (States of) Port Authority, One Hundred Seventy Fifth Series 2012, RB |
3.00% | 12/01/2034 | 5 | 4,472 | ||||||||||
| New York & New Jersey (States of) Port Authority, Series 2024, Ref. RB |
5.00% | 07/15/2049 | 40 | 41,073 | ||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Forty Five Series 2024, Ref. RB |
5.00% | 09/01/2039 | 65 | 70,040 | ||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Forty Five Series 2024, Ref. RB |
5.00% | 09/01/2049 | 100 | 102,711 | ||||||||||
| New York & New Jersey (States of) Port Authority, Two Hundred Forty Fourth Series 2024, Ref. RB |
5.00% | 07/15/2040 | 55 | 58,835 | ||||||||||
| New York (City of), NY, Series 2017 B-1, GO Bonds |
3.00% | 10/01/2034 | 140 | 129,219 | ||||||||||
| New York (City of), NY, Series 2021-1, GO Bonds |
5.00% | 08/01/2034 | 10 | 11,103 | ||||||||||
| New York (City of), NY, Series 2023 F-1, Ref. GO Bonds |
5.00% | 08/01/2034 | 80 | 88,827 | ||||||||||
| New York (City of), NY, Series 2024 C, GO Bonds |
5.00% | 03/01/2036 | 20 | 22,025 | ||||||||||
| New York (City of), NY, Series 2024 C, GO Bonds |
5.00% | 03/01/2037 | 5 | 5,454 | ||||||||||
| New York (City of), NY, Series 2024 C, GO Bonds |
5.25% | 03/01/2048 | 40 | 41,644 | ||||||||||
| New York (City of), NY, Series 2024 C-1, GO Bonds |
5.00% | 09/01/2048 | 150 | 153,320 | ||||||||||
| New York (City of), NY, Subseries 2024 C-1, GO Bonds |
5.00% | 09/01/2038 | 25 | 26,859 | ||||||||||
| New York (City of), NY, Subseries 2024 C-1, GO Bonds |
5.00% | 09/01/2040 | 150 | 159,389 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2024 AA, RB |
5.00% | 06/15/2051 | 50 | 51,119 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2024, RB |
5.00% | 06/15/2046 | 100 | 103,370 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2024, RB |
5.00% | 06/15/2048 | 55 | 56,463 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Series 2024, RB |
5.00% | 06/15/2049 | 50 | 51,276 | ||||||||||
| New York (City of), NY Municipal Water Finance Authority, Subseries 2024 CC-1, RB |
5.25% | 06/15/2054 | 100 | 103,844 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2024 C, GO Bonds |
5.00% | 05/01/2039 | 5 | 5,367 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2034 Municipal Bond ETF (BSMY)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| New York-(continued) |
||||||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2024 C, RB |
5.00% | 05/01/2045 | $ | 115 | $ | 118,437 | ||||||||
| New York (City of), NY Transitional Finance Authority, Series 2024 D, RB |
5.00% | 05/01/2037 | 20 | 21,932 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2024 D-1, Ref. RB |
5.00% | 11/01/2034 | 10 | 11,161 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2024 D-1, Ref. RB |
5.00% | 11/01/2036 | 205 | 224,536 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2024 D-1, Ref. RB |
5.00% | 11/01/2039 | 150 | 159,923 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2024 D-1, Ref. RB |
5.00% | 11/01/2040 | 75 | 79,729 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2024 F-1, RB |
5.00% | 02/01/2041 | 25 | 26,241 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2024 F-1, RB |
5.00% | 02/01/2043 | 20 | 20,739 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2024 F-1, RB |
5.00% | 02/01/2044 | 120 | 123,839 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2024 F-1, RB |
5.00% | 02/01/2046 | 10 | 10,238 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2024, RB |
5.00% | 05/01/2037 | 10 | 10,923 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2024, RB |
5.00% | 05/01/2038 | 35 | 37,900 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2024, RB |
5.00% | 05/01/2052 | 70 | 71,111 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2024, Ref. RB |
5.00% | 11/01/2037 | 170 | 185,390 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2024, Ref. RB |
5.00% | 11/01/2040 | 100 | 106,595 | ||||||||||
| New York (City of), NY Transitional Finance Authority, Series 2025 E, RB |
5.00% | 11/01/2037 | 20 | 21,811 | ||||||||||
| New York (State of) Dormitory Authority, Series 2024 A, GO Bonds |
5.00% | 10/01/2036 | 10 | 11,387 | ||||||||||
| New York (State of) Dormitory Authority, Series 2024 A, GO Bonds |
5.00% | 03/15/2043 | 30 | 31,373 | ||||||||||
| New York (State of) Dormitory Authority, Series 2024 A, GO Bonds |
5.00% | 03/15/2048 | 75 | 76,893 | ||||||||||
| New York (State of) Dormitory Authority, Series 2024 A, RB |
5.00% | 03/15/2051 | 10 | 10,204 | ||||||||||
| New York (State of) Dormitory Authority, Series 2024 A, RB |
5.00% | 03/15/2054 | 35 | 35,616 | ||||||||||
| New York (State of) Dormitory Authority, Series 2024 A, RB |
5.00% | 03/15/2056 | 200 | 203,203 | ||||||||||
| New York (State of) Dormitory Authority, Series 2024 A, Ref. RB |
5.00% | 03/15/2042 | 90 | 93,811 | ||||||||||
| New York (State of) Dormitory Authority, Series 2024 A, Ref. RB |
5.00% | 03/15/2043 | 210 | 217,945 | ||||||||||
| New York (State of) Dormitory Authority, Series 2024 B, Ref. RB |
5.00% | 03/15/2034 | 35 | 39,702 | ||||||||||
| New York (State of) Dormitory Authority (Montefiore Obligated Group), Series 2024, RB |
5.50% | 11/01/2047 | 370 | 380,760 | ||||||||||
| New York (State of) Dormitory Authority (Northwell Health Obligated Group), Series 2024, Ref. RB |
5.00% | 05/01/2034 | 140 | 154,463 | ||||||||||
| New York (State of) Dormitory Authority (Northwell Health Obligated Group), Series 2024, Ref. RB |
4.00% | 05/01/2039 | 30 | 28,632 | ||||||||||
| New York (State of) Power Authority (Green Bonds), Series 2024 A, GO Bonds |
5.00% | 11/15/2043 | 100 | 105,678 | ||||||||||
| New York (State of) Power Authority (Green Bonds), Series 2024 A, RB |
5.00% | 11/15/2037 | 5 | 5,569 | ||||||||||
| New York (State of) Thruway Authority, Series 2024 P, Ref. RB |
5.00% | 01/01/2043 | 50 | 52,051 | ||||||||||
| New York (State of) Thruway Authority, Series 2024 P, Ref. RB |
5.00% | 01/01/2049 | 85 | 86,809 | ||||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2024, Ref. RB |
5.00% | 06/15/2039 | 55 | 60,463 | ||||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2024, Ref. RB |
5.00% | 06/15/2042 | 15 | 15,973 | ||||||||||
| New York State Environmental Facilities Corp. (NYC Municipal Water Finance Authority), Series 2024, Ref. RB |
5.00% | 06/15/2049 | 100 | 103,713 | ||||||||||
| Triborough Bridge & Tunnel Authority, Series 2016 A, Ref. RB |
3.00% | 11/15/2034 | 70 | 65,242 | ||||||||||
| Triborough Bridge & Tunnel Authority, Series 2024 A-1, RB |
5.00% | 05/15/2046 | 20 | 20,581 | ||||||||||
| Triborough Bridge & Tunnel Authority, Series 2024 A-1, RB |
5.00% | 05/15/2054 | 25 | 25,429 | ||||||||||
| Triborough Bridge & Tunnel Authority, Series 2024 A-1, RB |
5.25% | 05/15/2059 | 75 | 77,799 | ||||||||||
| Triborough Bridge & Tunnel Authority, Series 2024 A-2, Ref. RB |
5.00% | 11/15/2039 | 10 | 10,756 | ||||||||||
| Triborough Bridge & Tunnel Authority, Series 2024 A-2, Ref. RB |
5.00% | 11/15/2040 | 20 | 21,388 | ||||||||||
| Triborough Bridge & Tunnel Authority (Green Bonds), Series 2024, Ref. RB |
5.00% | 11/15/2037 | 5 | 5,472 | ||||||||||
| Triborough Bridge & Tunnel Authority (Green Bonds), Series 2024, Ref. RB |
5.00% | 11/15/2038 | 75 | 81,231 | ||||||||||
| Triborough Bridge & Tunnel Authority (Green Bonds), Series 2024, Ref. RB |
5.25% | 05/15/2054 | 225 | 232,423 | ||||||||||
|
|
|
|||||||||||||
| 5,391,787 | ||||||||||||||
|
|
|
|||||||||||||
| North Carolina-0.48% |
||||||||||||||
| Charlotte (City of), NC, Series 2024, RB |
5.00% | 07/01/2043 | 10 | 10,596 | ||||||||||
| Charlotte (City of), NC, Series 2024, RB |
5.00% | 07/01/2054 | 75 | 77,529 | ||||||||||
| North Carolina (State of), Series 2018 A, GO Bonds |
3.00% | 06/01/2034 | 20 | 18,761 | ||||||||||
| Raleigh (City of), NC Combined Enterprise System, Series 2023, Ref. RB |
5.00% | 09/01/2034 | 15 | 16,924 | ||||||||||
|
|
|
|||||||||||||
| 123,810 | ||||||||||||||
|
|
|
|||||||||||||
| Ohio-1.63% |
||||||||||||||
| American Municipal Power, Inc. (Prairie State Energy Campus), Series 2023, Ref. RB |
5.00% | 02/15/2038 | 5 | 5,335 | ||||||||||
| Columbus (City of), OH, Series 2024 A, GO Bonds |
5.00% | 08/15/2039 | 15 | 16,430 | ||||||||||
| Greater Cincinnati (Port of), OH Development Authority (Duke Energy Corp.), Series 2024, Ref. RB |
5.00% | 12/01/2063 | 75 | 72,960 | ||||||||||
| Ohio (State of), Series 2023 A, Ref. GO Bonds |
5.00% | 03/15/2034 | 75 | 83,991 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2034 Municipal Bond ETF (BSMY)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| Ohio-(continued) |
||||||||||||||||
| Ohio (State of) Water Development Authority (Sustainability Bonds), Series 2024 A, GO Bonds |
5.00% | 12/01/2043 | $ | 30 | $ | 31,614 | ||||||||||
| Ohio (State of) Water Development Authority (Sustainability Bonds), Series 2024 A, RB |
5.00% | 12/01/2038 | 25 | 27,243 | ||||||||||||
| Ohio (State of) Water Development Authority (Sustainability Bonds), Series 2024 A, RB |
5.00% | 12/01/2042 | 75 | 79,443 | ||||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund), Series 2019 B, RB |
3.00% | 12/01/2034 | 25 | 23,136 | ||||||||||||
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund), Series 2024 A, GO Bonds |
5.00% | 12/01/2044 | 10 | 10,487 | ||||||||||||
| Ohio State University (The), Series 2024, RB |
5.25% | 12/01/2054 | 25 | 25,923 | ||||||||||||
| Shaker Heights City School District, Series 2024, GO Bonds |
5.25% | 12/15/2059 | 45 | 46,659 | ||||||||||||
|
|
|
|||||||||||||||
| 423,221 | ||||||||||||||||
|
|
|
|||||||||||||||
| Oklahoma-0.63% |
||||||||||||||||
| Grand River Dam Authority, Series 2024 A, Ref. RB |
5.00% | 06/01/2037 | 85 | 92,301 | ||||||||||||
| Oklahoma (County of), OK Finance Authority (Midwest-City Del City Public Schools), Series 2024, RB, (INS - BAM)(a) |
5.00% | 10/01/2038 | 55 | 59,574 | ||||||||||||
| Oklahoma (County of), OK Finance Authority (Midwest-City Del City Public Schools), Series 2024, RB, (INS - BAM)(a) |
5.00% | 10/01/2043 | 10 | 10,359 | ||||||||||||
|
|
|
|||||||||||||||
| 162,234 | ||||||||||||||||
|
|
|
|||||||||||||||
| Oregon-0.14% |
||||||||||||||||
| Oregon (State of) Department of Transportation (Social Bonds) (Garvee), Series 2024, RB |
5.00% | 05/15/2036 | 20 | 22,095 | ||||||||||||
| Oregon (State of) Department of Transportation (Social Bonds) (Garvee), Series 2024, RB |
5.00% | 05/15/2038 | 5 | 5,417 | ||||||||||||
| Oregon (State of) Tri-County Metropolitan Transportation District (Garvee), Series 2018 A, RB |
3.25% | 10/01/2034 | 10 | 9,499 | ||||||||||||
|
|
|
|||||||||||||||
| 37,011 | ||||||||||||||||
|
|
|
|||||||||||||||
| Pennsylvania-2.62% |
||||||||||||||||
| Bethel Park School District, Series 2024, GO Bonds |
5.00% | 08/01/2050 | 50 | 51,404 | ||||||||||||
| Delaware Valley Regional Finance Authority, Series 2023 A, Ref. RB |
4.00% | 03/01/2034 | 50 | 51,380 | ||||||||||||
| Northampton (County of), PA General Purpose Authority (St. Luke’s University Health Network), Series 2024, Ref. RB |
5.25% | 08/15/2053 | 50 | 50,502 | ||||||||||||
| Northampton (County of), PA General Purpose Authority (St. Luke’s University Health Network), Series 2024, Ref. RB, (INS - AGI)(a) |
5.00% | 08/15/2041 | 20 | 20,604 | ||||||||||||
| Pennsylvania (Commonwealth of), First Series 2021, GO Bonds |
3.00% | 05/15/2034 | 75 | 70,568 | ||||||||||||
| Pennsylvania (Commonwealth of), Series 2024, GO Bonds |
5.00% | 08/15/2034 | 5 | 5,648 | ||||||||||||
| Pennsylvania (Commonwealth of), Series 2024, GO Bonds |
5.00% | 08/15/2036 | 20 | 22,211 | ||||||||||||
| Pennsylvania (Commonwealth of), Series 2024, GO Bonds |
5.00% | 08/15/2037 | 5 | 5,498 | ||||||||||||
| Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (Thomas Jefferson University), Series 2024, Ref. RB |
5.25% | 11/01/2040 | 10 | 10,585 | ||||||||||||
| Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (Thomas Jefferson University), Series 2024, Ref. RB |
5.25% | 11/01/2044 | 60 | 61,708 | ||||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, First Series 2024, Ref. RB |
5.00% | 12/01/2036 | 160 | 176,831 | ||||||||||||
| Pennsylvania (Commonwealth of) Turnpike Commission, First Series 2024, Ref. RB |
5.00% | 06/01/2037 | 10 | 10,957 | ||||||||||||
| Philadelphia (City of), PA, Series 2024 C, GO Bonds, (INS - AGI)(a) |
5.00% | 09/01/2036 | 30 | 32,989 | ||||||||||||
| Philadelphia (City of), PA (1998 General Ordinance), Series 2024, RB, (INS - AGI)(a) |
5.25% | 08/01/2054 | 100 | 103,355 | ||||||||||||
| Southcentral Pennsylvania General Authority (WellSpan Health Obligated Group), Series 2023, Ref. RB |
5.00% | 06/01/2034 | 5 | 5,518 | ||||||||||||
|
|
|
|||||||||||||||
| 679,758 | ||||||||||||||||
|
|
|
|||||||||||||||
| Rhode Island-0.29% |
||||||||||||||||
| Rhode Island Health & Educational Building Corp. (Lifespan Obligated Group), Series 2024, RB |
5.00% | 05/15/2034 | 70 | 75,298 | ||||||||||||
|
|
|
|||||||||||||||
| South Carolina-2.61% |
||||||||||||||||
| Dorchester (County of), SC, Series 2024, RB |
5.00% | 10/01/2054 | 50 | 51,187 | ||||||||||||
| Greenville-Spartanburg Airport District, Series 2024 A, GO Bonds |
5.25% | 07/01/2054 | 30 | 30,800 | ||||||||||||
| South Carolina (State of) Jobs-Economic Development Authority (McLeod Health), Series 2024, Ref. RB |
5.25% | 11/01/2054 | 25 | 25,877 | ||||||||||||
| South Carolina (State of) Jobs-Economic Development Authority (Novant Health Obligated Group), Series 2024, RB |
5.00% | 11/01/2034 | 45 | 49,148 | ||||||||||||
| South Carolina (State of) Jobs-Economic Development Authority (Novant Health Obligated Group), Series 2024, RB |
5.00% | 11/01/2035 | 100 | 108,409 | ||||||||||||
| South Carolina (State of) Jobs-Economic Development Authority (Novant Health Obligated Group), Series 2024, RB |
5.00% | 11/01/2038 | 10 | 10,548 | ||||||||||||
| South Carolina (State of) Jobs-Economic Development Authority (Novant Health Obligated Group), Series 2024, RB |
5.00% | 11/01/2039 | 5 | 5,234 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2034 Municipal Bond ETF (BSMY)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||||
| South Carolina-(continued) |
||||||||||||||||
| South Carolina (State of) Jobs-Economic Development Authority (Novant Health Obligated Group), Series 2024, RB |
5.25% | 11/01/2040 | $ | 75 | $ | 79,370 | ||||||||||
| South Carolina (State of) Jobs-Economic Development Authority (Novant Health Obligated Group), Series 2024, RB |
5.25% | 11/01/2043 | 30 | 31,129 | ||||||||||||
| South Carolina (State of) Jobs-Economic Development Authority (Novant Health Obligated Group), Series 2024, RB |
5.50% | 11/01/2048 | 30 | 31,195 | ||||||||||||
| South Carolina (State of) Public Service Authority (Santee Cooper), Series 2024 B, Ref. RB |
5.00% | 12/01/2038 | 35 | 37,110 | ||||||||||||
| South Carolina (State of) Public Service Authority (Santee Cooper), Series 2024 B, Ref. RB |
5.00% | 12/01/2039 | 5 | 5,245 | ||||||||||||
| South Carolina (State of) Public Service Authority (Santee Cooper), Series 2024 B, Ref. RB, (INS - AGI)(a) |
5.00% | 12/01/2037 | 145 | 155,688 | ||||||||||||
| South Carolina (State of) Public Service Authority (Santee Cooper), Series 2024 B, Ref. RB, (INS - AGI)(a) |
5.00% | 12/01/2042 | 55 | 56,667 | ||||||||||||
|
|
|
|||||||||||||||
| 677,607 | ||||||||||||||||
|
|
|
|||||||||||||||
| South Dakota-0.49% |
||||||||||||||||
| South Dakota (State of) Health & Educational Facilities Authority (Avera Health), Series 2024 A, Ref. RB |
5.25% | 07/01/2054 | 125 | 127,783 | ||||||||||||
|
|
|
|||||||||||||||
| Tennessee-1.59% |
||||||||||||||||
| Cleveland (City of), TN Health & Educational Facilities Board (Hamilton Healthcare System, Inc.), Series 2024, RB |
5.00% | 08/15/2049 | 5 | 4,992 | ||||||||||||
| Hamilton (County of), OH, Series 2024 A, GO Bonds |
5.00% | 08/01/2041 | 15 | 16,103 | ||||||||||||
| Johnson City (City of), TN Health & Educational Facilities Board, Series 2023 A, Ref. RB |
5.00% | 07/01/2034 | 25 | 26,763 | ||||||||||||
| Memphis (City of), TN, Series 2024, Ref. RB |
5.00% | 12/01/2047 | 50 | 51,075 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2024 A, RB |
5.25% | 05/15/2049 | 5 | 5,260 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government, Series 2024 C, GO Bonds |
5.00% | 01/01/2040 | 150 | 161,520 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government Health & Educational Facilities Board (The) (Vanderbilt University Medical Center), Series 2024, RB |
5.00% | 07/01/2034 | 5 | 5,425 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government Health & Educational Facilities Board (The) (Vanderbilt University Medical Center), Series 2024, RB |
5.00% | 10/01/2049 | 50 | 51,442 | ||||||||||||
| Nashville (City of) & Davidson (County of), TN Metropolitan Government Sports Authority (Stadium), Series 2023 A, RB, (INS - AGI)(a) |
5.25% | 07/01/2053 | 60 | 62,005 | ||||||||||||
| Shelby (County of), TN Health, Educational & Housing Facilities Board (Baptist Memorial Health Care), Series 2024 A, Ref. RB |
5.25% | 09/01/2034 | 25 | 27,139 | ||||||||||||
|
|
|
|||||||||||||||
| 411,724 | ||||||||||||||||
|
|
|
|||||||||||||||
| Texas-10.55% |
||||||||||||||||
| Aldine Independent School District, Series 2024 A, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2037 | 50 | 54,496 | ||||||||||||
| Austin (City of), TX, Series 2024, Ref. RB |
5.00% | 11/15/2042 | 25 | 26,263 | ||||||||||||
| Austin (City of), TX, Series 2024, Ref. RB |
5.00% | 11/15/2049 | 5 | 5,127 | ||||||||||||
| Austin Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/01/2036 | 10 | 11,056 | ||||||||||||
| Austin Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/01/2037 | 15 | 16,434 | ||||||||||||
| Austin Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/01/2039 | 70 | 75,324 | ||||||||||||
| Barbers Hill Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
4.25% | 02/15/2054 | 75 | 67,967 | ||||||||||||
| Board of Regents of the University of Texas System, Series 2024 A, Ref. RB |
5.00% | 08/15/2034 | 5 | 5,648 | ||||||||||||
| Board of Regents of the University of Texas System, Series 2024 A, Ref. RB |
5.00% | 08/15/2039 | 5 | 5,380 | ||||||||||||
| Board of Regents of the University of Texas System, Series 2024 B, RB |
5.00% | 08/15/2038 | 20 | 21,729 | ||||||||||||
| Board of Regents of the University of Texas System, Series 2024 B, RB |
5.00% | 08/15/2041 | 40 | 42,446 | ||||||||||||
| Canutillo Independent School District, Series 2024 A, GO Bonds, (CEP - Texas Permanent School Fund) |
5.25% | 02/15/2054 | 75 | 78,137 | ||||||||||||
| Cedar Hill Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2044 | 60 | 62,527 | ||||||||||||
| Clear Creek Independent School District, Series 2024, Ref. GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2036 | 30 | 33,319 | ||||||||||||
| Conroe Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2038 | 120 | 130,586 | ||||||||||||
| Corpus Christi (City of), TX, Series 2024, Ref. RB |
5.00% | 07/15/2049 | 15 | 15,369 | ||||||||||||
| Crowley Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/01/2049 | 85 | 86,809 | ||||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2024, RB |
5.00% | 11/01/2037 | 35 | 38,111 | ||||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2024, RB |
5.00% | 11/01/2040 | 5 | 5,318 | ||||||||||||
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2024, RB |
5.00% | 11/01/2044 | 50 | 51,743 | ||||||||||||
| Ector (County of), TX, Series 2024, Ctfs. of Obligations |
5.00% | 02/15/2050 | 70 | 70,571 | ||||||||||||
| El Paso (County of), TX Hospital District, Series 2024, Ref. GO Bonds, (INS - AGI)(a) |
5.00% | 08/15/2040 | 105 | 110,022 | ||||||||||||
| Garland Independent School District, Series 2023 A, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2034 | 20 | 22,404 | ||||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2034 Municipal Bond ETF (BSMY)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Texas-(continued) |
||||||||||||||
| Harris (County of) & Houston (City of), TX Sports Authority, Series 2024 A, Ref. RB, (INS - AGI)(a) |
5.00% | 11/15/2037 | $ | 10 | $ | 10,731 | ||||||||
| Harris (County of) & Houston (City of), TX Sports Authority, Series 2024 A, Ref. RB, (INS - AGI)(a) |
5.00% | 11/15/2038 | 40 | 42,511 | ||||||||||
| Harris (County of), TX, Series 2024 A, GO Bonds |
5.00% | 08/15/2036 | 25 | 27,415 | ||||||||||
| Harris (County of), TX, Series 2024 A, RB |
4.00% | 08/15/2042 | 15 | 13,918 | ||||||||||
| Harris (County of), TX, Series 2024 A, RB |
5.00% | 08/15/2044 | 30 | 31,072 | ||||||||||
| Harris (County of), TX Toll Road Authority (The), Series 2024 A, RB |
5.25% | 08/15/2049 | 100 | 104,556 | ||||||||||
| Harris (County of), TX Toll Road Authority (The), Series 2024 A, RB |
5.25% | 08/15/2054 | 10 | 10,405 | ||||||||||
| Harris County Cultural Education Facilities Finance Corp. (Memorial Hermann Health System), Series 2024, Ref. RB |
5.00% | 07/01/2039 | 75 | 79,366 | ||||||||||
| Highland Park Independent School District, Series 2016, GO Bonds, (CEP - Texas Permanent School Fund) |
3.00% | 02/15/2034 | 5 | 4,714 | ||||||||||
| Houston (City of), TX, Series 2024 A, GO Bonds |
5.00% | 03/01/2040 | 20 | 21,069 | ||||||||||
| Houston (City of), TX, Series 2024 A, GO Bonds |
5.00% | 03/01/2041 | 10 | 10,434 | ||||||||||
| Houston (City of), TX, Series 2024 A, GO Bonds |
5.00% | 03/01/2043 | 45 | 46,589 | ||||||||||
| Houston (City of), TX, Series 2024 A, Ref. RB |
5.00% | 11/15/2035 | 65 | 72,621 | ||||||||||
| Houston Higher Education Finance Corp. (Rice University), Series 2024, RB |
5.00% | 05/15/2034 | 55 | 62,031 | ||||||||||
| Huffman Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.25% | 02/15/2049 | 20 | 20,969 | ||||||||||
| Hurst-Euless-Bedford Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2036 | 15 | 16,634 | ||||||||||
| Hurst-Euless-Bedford Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/15/2038 | 30 | 32,666 | ||||||||||
| Hutto Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 08/01/2049 | 10 | 10,292 | ||||||||||
| Judson Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/01/2049 | 5 | 5,160 | ||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2024, RB, (INS - AGI)(a) |
5.00% | 05/15/2039 | 30 | 31,825 | ||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2024, RB, (INS - AGI)(a) |
5.00% | 05/15/2041 | 25 | 26,134 | ||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2024, RB, (INS - AGI)(a) |
5.00% | 05/15/2042 | 30 | 31,111 | ||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2024, RB, (INS - AGI)(a) |
5.00% | 05/15/2043 | 10 | 10,325 | ||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2024, RB, (INS - AGI)(a) |
5.00% | 05/15/2054 | 5 | 5,039 | ||||||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2025, Ref. RB |
5.00% | 05/15/2055 | 65 | 64,964 | ||||||||||
| Midland Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2034 | 50 | 55,720 | ||||||||||
| North Texas Tollway Authority, Series 2024 A, Ref. RB |
5.00% | 01/01/2041 | 15 | 15,723 | ||||||||||
| North Texas Tollway Authority, Series 2024 A, Ref. RB |
5.25% | 01/01/2044 | 20 | 20,999 | ||||||||||
| North Texas Tollway Authority, Series 2024 A, Ref. RB |
5.00% | 01/01/2045 | 5 | 5,142 | ||||||||||
| North Texas Tollway Authority, Series 2024 B, Ref. RB |
5.00% | 01/01/2037 | 5 | 5,435 | ||||||||||
| Permanent University Fund - University of Texas System, Series 2024 A, Ref. RB |
5.00% | 07/01/2036 | 30 | 33,316 | ||||||||||
| Permanent University Fund - University of Texas System, Series 2024 A, Ref. RB |
5.00% | 07/01/2039 | 70 | 75,278 | ||||||||||
| Permanent University Fund - University of Texas System, Series 2024 B, Ref. RB |
5.00% | 07/01/2034 | 5 | 5,646 | ||||||||||
| Permanent University Fund - University of Texas System, Series 2024 B, Ref. RB |
5.00% | 07/01/2037 | 45 | 49,499 | ||||||||||
| Princeton Independent School District, Series 2024, GO Bonds, (CEP - Texas Permanent School Fund) |
5.00% | 02/15/2054 | 100 | 102,340 | ||||||||||
| San Antonio (City of), TX, Series 2019, Ref. GO Bonds |
3.00% | 08/01/2034 | 5 | 4,590 | ||||||||||
| San Antonio (City of), TX, Series 2024 A, RB |
5.00% | 02/01/2038 | 10 | 10,846 | ||||||||||
| San Antonio (City of), TX, Series 2024 A, RB |
5.25% | 02/01/2044 | 15 | 15,778 | ||||||||||
| San Antonio (City of), TX, Series 2024 A, RB |
5.25% | 02/01/2049 | 35 | 36,457 | ||||||||||
| San Antonio (City of), TX, Series 2024 B, Ref. RB |
5.00% | 02/01/2037 | 10 | 10,984 | ||||||||||
| San Antonio (City of), TX, Series 2024 B, Ref. RB |
5.00% | 02/01/2043 | 10 | 10,323 | ||||||||||
| San Antonio (City of), TX, Series 2024 C, RB |
5.00% | 02/01/2054 | 55 | 55,349 | ||||||||||
| San Antonio (City of), TX Water System, Series 2024 B, RB |
5.00% | 05/15/2046 | 75 | 77,219 | ||||||||||
| Texas (State of), Series 2024, Ref. GO Bonds |
5.00% | 10/01/2039 | 25 | 26,835 | ||||||||||
| Texas (State of) Transportation Commission, Series 2024, Ref. GO Bonds |
5.00% | 04/01/2034 | 10 | 11,229 | ||||||||||
| Texas (State of) Transportation Commission (Central Texas Turnpike System), Series 2024 A, Ref. RB |
5.00% | 08/15/2036 | 5 | 5,459 | ||||||||||
| Texas (State of) Transportation Commission (Central Texas Turnpike System), Series 2024 A, Ref. RB |
5.00% | 08/15/2038 | 30 | 32,113 | ||||||||||
| Texas (State of) Water Development Board, Series 2020, RB |
3.00% | 10/15/2034 | 10 | 9,279 | ||||||||||
| Texas (State of) Water Development Board (Master Trust), Series 2024 A, RB |
5.00% | 10/15/2044 | 15 | 15,614 | ||||||||||
| Texas (State of) Water Development Board (Master Trust), Series 2024 A, RB |
5.00% | 10/15/2053 | 100 | 102,320 | ||||||||||
| Texas A&M University, Series 2024 A, GO Bonds |
5.00% | 05/15/2040 | 5 | 5,355 | ||||||||||
| Texas A&M University, Series 2024 A, RB |
5.00% | 05/15/2041 | 10 | 10,629 | ||||||||||
| Texas A&M University, Series 2024 A, RB |
5.00% | 05/15/2042 | 30 | 31,655 | ||||||||||
| Texas State University Board of Regents, Series 2023 A, RB |
5.00% | 02/15/2034 | 30 | 33,346 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2034 Municipal Bond ETF (BSMY)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Texas-(continued) |
||||||||||||||
| Texas State University Board of Regents, Series 2024, Ref. RB |
5.00% | 03/15/2041 | $ | 5 | $ | 5,265 | ||||||||
| Texas State University Board of Regents, Series 2024, Ref. RB |
5.00% | 03/15/2044 | 25 | 25,871 | ||||||||||
|
|
|
|||||||||||||
| 2,734,951 | ||||||||||||||
|
|
|
|||||||||||||
| Utah-0.85% |
||||||||||||||
| Iron (County of), UT, Series 2024, RB |
5.00% | 10/01/2064 | 100 | 101,986 | ||||||||||
| Timpanogos Special Service District, Series 2024, Ref. RB |
5.00% | 06/01/2054 | 5 | 5,140 | ||||||||||
| Utah (State of) Transit Authority, Series 2024, Ref. RB |
5.00% | 06/15/2037 | 35 | 38,617 | ||||||||||
| Utah (State of) Transit Authority, Series 2024, Ref. RB |
5.00% | 06/15/2038 | 45 | 48,606 | ||||||||||
| Utah (State of) Transit Authority, Series 2024, Ref. RB |
5.00% | 06/15/2039 | 20 | 21,588 | ||||||||||
| Utah (State of) Transit Authority, Series 2024, Ref. RB |
5.00% | 06/15/2040 | 5 | 5,303 | ||||||||||
|
|
|
|||||||||||||
| 221,240 | ||||||||||||||
|
|
|
|||||||||||||
| Virginia-1.45% |
||||||||||||||
| Chesterfield (County of), VA Economic Development Authority (County Mobility), Series 2024, RB |
5.00% | 04/01/2048 | 50 | 51,075 | ||||||||||
| Fairfax (County of), VA, Series 2025 A, GO Bonds |
5.00% | 10/01/2036 | 40 | 44,737 | ||||||||||
| Hampton Roads Sanitation District, Series 2024 B, RB |
5.00% | 07/01/2042 | 80 | 85,395 | ||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Centuity College and Equipment), Series 2023, RB |
5.00% | 02/01/2034 | 110 | 123,285 | ||||||||||
| Virginia (Commonwealth of) College Building Authority (21st Centuity College and Equipment), Series 2024, RB |
4.00% | 02/01/2040 | 5 | 4,860 | ||||||||||
| Virginia (Commonwealth of) Public Building Authority, Series 2024 A, RB |
5.00% | 08/01/2039 | 15 | 16,201 | ||||||||||
| Virginia (Commonwealth of) Transportation Board (Transportation Capital), Series 2024, Ref. RB |
5.00% | 05/15/2038 | 45 | 49,291 | ||||||||||
|
|
|
|||||||||||||
| 374,844 | ||||||||||||||
|
|
|
|||||||||||||
| Washington-3.40% |
||||||||||||||
| Energy Northwest (Columbia Generating Station), Series 2023, Ref. RB |
5.00% | 07/01/2034 | 45 | 50,319 | ||||||||||
| Energy Northwest (No. 1), Series 2023 A, Ref. RB |
5.00% | 07/01/2034 | 135 | 150,854 | ||||||||||
| King & Snohomish Counties School District No. 417 Northshore, Series 2024, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2041 | 5 | 5,296 | ||||||||||
| King (County of), WA, Series 2024 A, Ref. GO Bonds |
5.00% | 07/01/2037 | 20 | 22,146 | ||||||||||
| King (County of), WA, Series 2024 A, Ref. RB |
5.00% | 01/01/2038 | 35 | 38,284 | ||||||||||
| King (County of), WA, Series 2024 A, Ref. RB |
5.00% | 01/01/2049 | 10 | 10,305 | ||||||||||
| Seattle (City of), WA, Series 2024, Ref. RB |
5.00% | 10/01/2054 | 100 | 101,995 | ||||||||||
| Snohomish County School District No. 15 Edmonds, Series 2024, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2039 | 50 | 53,769 | ||||||||||
| Snohomish County School District No. 15 Edmonds, Series 2024, Ref. GO Bonds, (CEP - Oregon School Bond Guaranty) |
5.00% | 12/01/2041 | 10 | 10,632 | ||||||||||
| Tacoma (City of), WA (Green Bonds), Series 2024, Ref. RB |
5.00% | 12/01/2041 | 40 | 42,372 | ||||||||||
| Washington (State of), Series 2025 A, GO Bonds |
5.00% | 08/01/2038 | 5 | 5,408 | ||||||||||
| Washington (State of), Series 2025 A, GO Bonds |
5.00% | 08/01/2046 | 10 | 10,334 | ||||||||||
| Washington (State of), Series 2025A, GO Bonds |
5.00% | 08/01/2036 | 5 | 5,553 | ||||||||||
| Washington (State of), Series R-2023B, Ref. GO Bonds |
5.00% | 07/01/2034 | 25 | 27,861 | ||||||||||
| Washington (State of), Series R-2024A, Ref. GO Bonds |
5.00% | 02/01/2038 | 15 | 16,246 | ||||||||||
| Washington (State of), Series R-2024C, Ref. GO Bonds |
5.00% | 08/01/2036 | 50 | 55,487 | ||||||||||
| Washington (State of), Series R-2024C, Ref. GO Bonds |
5.00% | 08/01/2040 | 110 | 117,700 | ||||||||||
| Washington (State of) (Bid Group 1), Series 2024 C, GO Bonds |
5.00% | 02/01/2039 | 15 | 16,112 | ||||||||||
| Washington (State of) (Bid Group 2), Series 2024 C, GO Bonds |
5.00% | 02/01/2043 | 95 | 98,924 | ||||||||||
| Washington (State of) (Bid Group 2), Series 2024 C, GO Bonds |
5.00% | 02/01/2045 | 10 | 10,321 | ||||||||||
| Washington (State of) (Bid Group 2), Series 2024 C, GO Bonds |
5.00% | 02/01/2047 | 30 | 30,881 | ||||||||||
|
|
|
|||||||||||||
| 880,799 | ||||||||||||||
|
|
|
|||||||||||||
| Wisconsin-0.96% |
||||||||||||||
| Wisconsin (State of), Series 2023-2, Ref. GO Bonds |
5.00% | 05/01/2034 | 55 | 61,463 | ||||||||||
See accompanying notes which are an integral part of this schedule.
Invesco BulletShares 2034 Municipal Bond ETF (BSMY)–(continued)
May 31, 2025
(Unaudited)
| Interest Rate |
Maturity Date |
Principal Amount (000) |
Value | |||||||||||
| Wisconsin-(continued) |
||||||||||||||
| Wisconsin (State of) Department of Transportation, Series 2023, Ref. RB |
5.00% | 07/01/2034 | $ | 30 | $ | 33,727 | ||||||||
| Wisconsin (State of) Public Finance Authority, Series 2024, RB(d) |
5.50% | 07/01/2044 | 150 | 153,709 | ||||||||||
|
|
|
|||||||||||||
| 248,899 | ||||||||||||||
|
|
|
|||||||||||||
| TOTAL INVESTMENTS IN SECURITIES(e)
-97.84% |
25,369,662 | |||||||||||||
| OTHER ASSETS LESS LIABILITIES-2.16% |
559,178 | |||||||||||||
|
|
|
|||||||||||||
| NET ASSETS-100.00% |
$ | 25,928,840 | ||||||||||||
|
|
|
|||||||||||||
| Investment Abbreviations: | ||
| AGI | -Assured Guaranty, Inc. | |
| BAM | -Build America Mutual Assurance Co. | |
| CEP | -Credit Enhancement Provider | |
| COP | -Certificates of Participation | |
| Ctfs. | -Certificates | |
| GO | -General Obligation | |
| INS | -Insurer | |
| RB | -Revenue Bonds | |
| Ref. | -Refunding | |
Notes to Schedule of Investments:
| (a) | Principal and/or interest payments are secured by the bond insurance company listed. |
| (b) | Advance refunded; secured by an escrow fund of U.S. Government obligations or other highly rated collateral. |
| (c) | Security has an irrevocable call by the issuer or mandatory put by the holder. Maturity date reflects such call or put. |
| (d) | Security subject to the alternative minimum tax. |
| (e) | Entities may either issue, guarantee, back or otherwise enhance the credit quality of a security. The entities are not primarily responsible for the issuer’s obligations but may be called upon to satisfy the issuer’s obligations. No concentration of any single entity was greater than 5% each. |
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Notes to Quarterly Schedules of Portfolio Holdings
May 31, 2025
(Unaudited)
NOTE 1–Additional Valuation Information
Generally Accepted Accounting Principles (“GAAP”) defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment’s assigned level:
| Level 1 – | Prices are determined using quoted prices in an active market for identical assets. |
| Level 2 – | Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others. When market movements occur after the close of the relevant foreign securities markets, foreign securities may be fair valued utilizing an independent pricing service. |
| 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 Invesco Capital Management LLC’s assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information. |
The following is a summary of the tiered valuation input levels, as of May 31, 2025, for each Fund (except for Invesco
BulletShares 2032 Corporate Bond ETF and the “BulletShares Municipal Bond ETFs”, which consist of: Invesco BulletShares 2025 Municipal Bond ETF, Invesco BulletShares 2026 Municipal Bond ETF, Invesco BulletShares 2027 Municipal Bond ETF, Invesco BulletShares 2028 Municipal Bond ETF, Invesco BulletShares 2029 Municipal Bond ETF, Invesco BulletShares 2030 Municipal Bond ETF, Invesco BulletShares 2031 Municipal Bond ETF, Invesco BulletShares 2032 Municipal Bond ETF, Invesco BulletShares 2033 Municipal Bond ETF and Invesco BulletShares 2034 Municipal Bond ETF. As of May 31, 2025, all of the securities in Invesco BulletShares 2032 Corporate Bond ETF and the BulletShares Municipal Bond ETFs were valued based on Level 2 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 | |||||||||||||
| Invesco BulletShares 2025 Corporate Bond ETF |
||||||||||||||||
| Investments in Securities |
||||||||||||||||
| U.S. Dollar Denominated Bonds & Notes |
$ | - | $ | 2,905,428,997 | $ | - | $ | 2,905,428,997 | ||||||||
| Money Market Funds |
475,236,520 | 69,360,096 | - | 544,596,616 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total Investments |
$ | 475,236,520 | $ | 2,974,789,093 | $ | - | $ | 3,450,025,613 | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Invesco BulletShares 2026 Corporate Bond ETF |
||||||||||||||||
| Investments in Securities |
||||||||||||||||
| U.S. Dollar Denominated Bonds & Notes |
$ | - | $ | 4,167,097,502 | $ | - | $ | 4,167,097,502 | ||||||||
| Money Market Funds |
13,705,525 | 260,662,694 | - | 274,368,219 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total Investments |
$ | 13,705,525 | $ | 4,427,760,196 | $ | - | $ | 4,441,465,721 | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Invesco BulletShares 2027 Corporate Bond ETF |
||||||||||||||||
| Investments in Securities |
||||||||||||||||
| U.S. Dollar Denominated Bonds & Notes |
$ | - | $ | 3,505,822,900 | $ | - | $ | 3,505,822,900 | ||||||||
| Money Market Funds |
9,157,912 | 410,940,869 | - | 420,098,781 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total Investments |
$ | 9,157,912 | $ | 3,916,763,769 | $ | - | $ | 3,925,921,681 | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Invesco BulletShares 2028 Corporate Bond ETF |
||||||||||||||||
| Investments in Securities |
||||||||||||||||
| U.S. Dollar Denominated Bonds & Notes |
$ | - | $ | 2,558,268,021 | $ | - | $ | 2,558,268,021 | ||||||||
| Money Market Funds |
12,324,853 | 454,068,065 | - | 466,392,918 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total Investments |
$ | 12,324,853 | $ | 3,012,336,086 | $ | - | $ | 3,024,660,939 | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||
| Invesco BulletShares 2029 Corporate Bond ETF |
||||||||||||||||
| Investments in Securities |
||||||||||||||||
| U.S. Dollar Denominated Bonds & Notes |
$ | - | $ | 2,026,671,721 | $ | - | $ | 2,026,671,721 | ||||||||
| Money Market Funds |
6,158,717 | 271,127,630 | - | 277,286,347 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total Investments |
$ | 6,158,717 | $ | 2,297,799,351 | $ | - | $ | 2,303,958,068 | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Invesco BulletShares 2030 Corporate Bond ETF |
||||||||||||||||
| Investments in Securities |
||||||||||||||||
| U.S. Dollar Denominated Bonds & Notes |
$ | - | $ | 1,561,333,676 | $ | - | $ | 1,561,333,676 | ||||||||
| Money Market Funds |
2,610,446 | 193,368,100 | - | 195,978,546 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total Investments |
$ | 2,610,446 | $ | 1,754,701,776 | $ | - | $ | 1,757,312,222 | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Invesco BulletShares 2031 Corporate Bond ETF |
||||||||||||||||
| Investments in Securities |
||||||||||||||||
| U.S. Dollar Denominated Bonds & Notes |
$ | - | $ | 972,152,180 | $ | - | $ | 972,152,180 | ||||||||
| Money Market Funds |
166,029 | 13,772,463 | - | 13,938,492 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total Investments |
$ | 166,029 | $ | 985,924,643 | $ | - | $ | 986,090,672 | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Invesco BulletShares 2032 Corporate Bond ETF |
||||||||||||||||
| Investments in Securities |
||||||||||||||||
| U.S. Dollar Denominated Bonds & Notes |
$ | - | $ | 823,892,314 | $ | - | $ | 823,892,314 | ||||||||
| Money Market Funds |
307,466 | 25,608,587 | - | 25,916,053 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total Investments |
$ | 307,466 | $ | 849,500,901 | $ | - | $ | 849,808,367 | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Invesco BulletShares 2033 Corporate Bond ETF |
||||||||||||||||
| Investments in Securities |
||||||||||||||||
| U.S. Dollar Denominated Bonds & Notes |
$ | - | $ | 555,288,342 | $ | - | $ | 555,288,342 | ||||||||
| Money Market Funds |
329,714 | 27,628,712 | - | 27,958,426 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total Investments |
$ | 329,714 | $ | 582,917,054 | $ | - | $ | 583,246,768 | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Invesco BulletShares 2034 Corporate Bond ETF |
||||||||||||||||
| Investments in Securities |
||||||||||||||||
| U.S. Dollar Denominated Bonds & Notes |
$ | - | $ | 204,876,168 | $ | - | $ | 204,876,168 | ||||||||
| Money Market Funds |
49,950 | 5,628,286 | - | 5,678,236 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total Investments |
$ | 49,950 | $ | 210,504,454 | $ | - | $ | 210,554,404 | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Invesco BulletShares 2025 High Yield Corporate Bond ETF |
||||||||||||||||
| Investments in Securities |
||||||||||||||||
| U.S. Dollar Denominated Bonds & Notes |
$ | - | $ | 418,094,790 | $ | - | $ | 418,094,790 | ||||||||
| U.S. Treasury Securities |
- | 199,266,292 | - | 199,266,292 | ||||||||||||
| Money Market Funds |
313,255,268 | 45,956,622 | - | 359,211,890 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total Investments |
$ | 313,255,268 | $ | 663,317,704 | $ | - | $ | 976,572,972 | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Invesco BulletShares 2026 High Yield Corporate Bond ETF |
||||||||||||||||
| Investments in Securities |
||||||||||||||||
| U.S. Dollar Denominated Bonds & Notes |
$ | - | $ | 989,189,339 | $ | - | $ | 989,189,339 | ||||||||
| Money Market Funds |
49,978,386 | 116,128,078 | - | 166,106,464 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total Investments |
$ | 49,978,386 | $ | 1,105,317,417 | $ | - | $ | 1,155,295,803 | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Invesco BulletShares 2027 High Yield Corporate Bond ETF |
||||||||||||||||
| Investments in Securities |
||||||||||||||||
| U.S. Dollar Denominated Bonds & Notes |
$ | - | $ | 469,706,974 | $ | - | $ | 469,706,974 | ||||||||
| Money Market Funds |
7,097,481 | 105,049,610 | - | 112,147,091 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total Investments |
$ | 7,097,481 | $ | 574,756,584 | $ | - | $ | 581,854,065 | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Invesco BulletShares 2028 High Yield Corporate Bond ETF |
||||||||||||||||
| Investments in Securities |
||||||||||||||||
| U.S. Dollar Denominated Bonds & Notes |
$ | - | $ | 394,664,262 | $ | 425 | $ | 394,664,687 | ||||||||
| Money Market Funds |
1,137,879 | 75,578,684 | - | 76,716,563 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total Investments |
$ | 1,137,879 | $ | 470,242,946 | $ | 425 | $ | 471,381,250 | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||
| Invesco BulletShares 2029 High Yield Corporate Bond ETF | ||||||||||||||||
| Investments in Securities |
||||||||||||||||
| U.S. Dollar Denominated Bonds & Notes |
$ | - | $ | 256,380,056 | $ | - | $ | 256,380,056 | ||||||||
| Money Market Funds |
2,063,903 | 22,077,102 | - | 24,141,005 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total Investments |
$ | 2,063,903 | $ | 278,457,158 | $ | - | $ | 280,521,061 | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Invesco BulletShares 2030 High Yield Corporate Bond ETF |
||||||||||||||||
| Investments in Securities |
||||||||||||||||
| U.S. Dollar Denominated Bonds & Notes |
$ | - | $ | 122,721,861 | $ | - | $ | 122,721,861 | ||||||||
| Money Market Funds |
1,085,892 | 14,553,226 | - | 15,639,118 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total Investments |
$ | 1,085,892 | $ | 137,275,087 | $ | - | $ | 138,360,979 | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Invesco BulletShares 2031 High Yield Corporate Bond ETF |
||||||||||||||||
| Investments in Securities |
||||||||||||||||
| U.S. Dollar Denominated Bonds & Notes |
$ | - | $ | 35,905,953 | $ | - | $ | 35,905,953 | ||||||||
| Money Market Funds |
144,718 | - | - | 144,718 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total Investments |
$ | 144,718 | $ | 35,905,953 | $ | - | $ | 36,050,671 | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Invesco BulletShares 2032 High Yield Corporate Bond ETF |
||||||||||||||||
| Investments in Securities |
||||||||||||||||
| U.S. Dollar Denominated Bonds & Notes |
$ | - | $ | 17,152,515 | $ | - | $ | 17,152,515 | ||||||||
| Money Market Funds |
58,558 | 983,347 | - | 1,041,905 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total Investments |
$ | 58,558 | $ | 18,135,862 | $ | - | $ | 18,194,420 | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||