Consolidated Schedule of Investments(a)
Invesco Managed Futures Strategy ETF (IMF)
January 31, 2026
(Unaudited)
 
 
Shares
Value
Money Market Funds-75.48%
Invesco Premier U.S. Government Money
Portfolio, Institutional Class, 3.60%(b)(c)
 
179,070,541
$179,070,541
Invesco Liquidity Funds PLC, Invesco US
Dollar Liquidity Portfolio, Agency Class,
3.88%(b)(c)
 
51,475,468
51,475,468
TOTAL INVESTMENTS IN SECURITIES-75.48%
(Cost $230,546,009)
230,546,009
OTHER ASSETS LESS LIABILITIES-24.52%
74,908,265
NET ASSETS-100.00%
$305,454,274
 
Notes to Consolidated Schedule of Investments:
(a)
The Consolidated Schedule of Investments includes the accounts of the wholly-owned subsidiary. All inter-company accounts and transactions have been
eliminated in consolidations.
(b)
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 three months ended January 31, 2026.
 
 
Value
October 31, 2025
Purchases
at Cost
Proceeds
from Sales
Change in
Unrealized
Appreciation
Realized
Gain
Value
January 31, 2026
Dividend Income
Investments in Affiliated
Money Market Funds:
Invesco Premier
U.S. Government Money
Portfolio, Institutional
Class
$178,766,970
$10,947,771
$(10,644,200
)
$-
$-
$179,070,541
$1,668,360
Invesco Liquidity Funds
PLC, Invesco US Dollar
Liquidity Portfolio, Agency
Class
60,158,088
58,846,142
(67,528,762
)
-
-
51,475,468
590,230
Total
$238,925,058
$69,793,913
$(78,172,962
)
$-
$-
$230,546,009
$2,258,590
 
(c)
The rate shown is the 7-day SEC standardized yield as of January 31, 2026.
 
Open Futures Contracts(a)
Long Futures Contracts
Number of
Contracts
Expiration
Month
Notional
Value
Value
Unrealized
Appreciation
(Depreciation)
Commodity Risk
 
Brent Crude Oil
108
April-2026
$7,486,560
$211,426
$211,426
Gasoline RBOB
81
March-2026
6,607,364
214,511
214,511
Gold
29
April-2026
13,760,790
(1,292,477
)
(1,292,477
)
LME Copper
38
June-2026
12,536,580
2,383,268
2,383,268
LME Primary Aluminum
162
March-2026
12,708,536
1,115,453
1,115,453
Low Sulphur Gasoil
120
April-2026
8,517,000
566,469
566,469
New York Harbor Ultra-Low Sulfur Diesel
70
March-2026
7,447,020
212,685
212,685
Silver
12
March-2026
4,711,860
1,281,621
1,281,621
Soybean Oil
261
July-2026
8,517,474
200,176
200,176
WTI Crude Oil
26
March-2026
1,695,460
42,506
42,506
Subtotal—Commodity Risk
 
4,935,638
4,935,638
Currency Risk
 
Canadian Dollar
215
March-2026
15,851,950
(21,783
)
(21,783
)
CME Australian Dollar Currency
351
March-2026
24,471,720
901,372
901,372
CME British Pound Currency
345
March-2026
29,534,156
342,205
342,205
CME Euro Foreign Exchange Currency
232
March-2026
34,489,700
264,616
264,616
See accompanying notes which are an integral part of this schedule.
Invesco Managed Futures Strategy ETF (IMF)—(continued)
January 31, 2026
(Unaudited)
Open Futures Contracts(a)—(continued)
Long Futures Contracts—(continued)
Number of
Contracts
Expiration
Month
Notional
Value
Value
Unrealized
Appreciation
(Depreciation)
CME New Zealand Dollar Currency
356
March-2026
$21,513,080
$(33,335
)
$(33,335
)
CME Swiss Franc Currency
181
March-2026
29,446,438
455,275
455,275
Subtotal—Currency Risk
 
1,908,350
1,908,350
Equity Risk
 
E-Mini Russell 2000 Index
90
March-2026
11,810,700
317,902
317,902
E-Mini S&P 500 Index
48
March-2026
16,717,800
242,736
242,736
Eurex DAX Index
20
March-2026
12,308,000
151,160
151,160
EURO STOXX 50
211
March-2026
12,556,610
459,980
459,980
Euronext CAC 40 Index
131
February-2026
10,658,815
(289,807
)
(289,807
)
FTSE 100 Index
124
March-2026
12,634,980
479,897
479,897
FTSE/MIB Index
52
March-2026
11,870,560
353,437
353,437
MEFF Madrid IBEX 35 Index
65
February-2026
11,618,165
50,328
50,328
MSCI Emerging Markets Index
177
March-2026
13,459,080
1,067,476
1,067,476
OML Stockholm OMXS30 Index
465
February-2026
140,755,500
171,000
171,000
S&P/TSX 60 Index
63
March-2026
23,344,020
(253
)
(253
)
SPI 200 Index
95
March-2026
20,964,125
155,555
155,555
Tokyo Stock Price Index
68
March-2026
2,432,360,000
684,938
684,938
Subtotal—Equity Risk
 
3,844,349
3,844,349
Interest Rate Risk
 
EURO-BTP
194
March-2026
23,495,340
162,491
162,491
Euro-OAT
22
March-2026
2,682,460
(21
)
(21
)
Subtotal—Interest Rate Risk
 
162,470
162,470
Subtotal—Long Futures Contracts
 
10,850,807
10,850,807
Short Futures Contracts
 
 
 
 
 
Interest Rate Risk
 
Australia 10 Year Bonds
329
March-2026
(35,910,959
)
(24,189
)
(24,189
)
Canada 10 Year Bonds
279
March-2026
(33,781,320
)
(26,032
)
(26,032
)
Euro-Bobl
213
March-2026
(24,837,930
)
25,967
25,967
Euro-Bund
194
March-2026
(24,864,980
)
107,963
107,963
Euro-Buxl
82
March-2026
(9,010,160
)
175,678
175,678
Euro-Schatz
247
March-2026
(26,405,535
)
5,819
5,819
Long Gilt
107
March-2026
(9,720,950
)
(10,108
)
(10,108
)
SFE 3 Year Australian Bonds
359
March-2026
(37,616,095
)
6,104
6,104
U.S. Treasury 5 Year Notes
231
March-2026
(25,162,758
)
12,070
12,070
U.S. Treasury 10 Year Notes
225
March-2026
(25,161,328
)
(32,618
)
(32,618
)
U.S. Treasury 2 Year Notes
121
March-2026
(25,227,555
)
19,498
19,498
U.S. Treasury Long Bonds
112
March-2026
(12,894,000
)
(11,914
)
(11,914
)
Subtotal—Interest Rate Risk
 
248,238
248,238
Commodity Risk
 
Corn
392
July-2026
(8,663,200
)
277,101
277,101
Natural Gas
93
December-2026
(4,718,820
)
(207,725
)
(207,725
)
Soybean
112
July-2026
(6,106,800
)
3,165
3,165
Soybean Meal
272
March-2026
(7,985,920
)
276,708
276,708
Wheat
242
July-2026
(6,724,575
)
162,650
162,650
Subtotal—Commodity Risk
 
511,899
511,899
See accompanying notes which are an integral part of this schedule.
Invesco Managed Futures Strategy ETF (IMF)—(continued)
January 31, 2026
(Unaudited)
Open Futures Contracts(a)—(continued)
Short Futures Contracts—(continued)
Number of
Contracts
Expiration
Month
Notional
Value
Value
Unrealized
Appreciation
(Depreciation)
Currency Risk
 
CME Japanese Yen Currency
284
March-2026
$(23,051,925
)
$(121,497
)
$(121,497
)
Subtotal—Short Futures Contracts
 
638,640
638,640
Total Futures Contracts
$11,489,447
$11,489,447
 
(a)
Futures contracts collateralized by $72,777,852 cash held with Morgan Stanley & Co. LLC, the futures commission merchant.
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 Schedule of Portfolio Holdings
January 31, 2026
(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.
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.
As of January 31, 2026, all of the securities in the Fund were valued based on Level 1 inputs (see the Consolidated Schedule 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 consolidated financial statements may materially differ from the value received upon actual sale of those investments.