Schedule of Investments(a)
Invesco Real Assets ESG ETF (IVRA)
January 31, 2026
(Unaudited)
 
 
Shares
Value
Common Stocks & Other Equity Interests-99.17%
Consumer Staples-1.71%
Archer-Daniels-Midland Co.
 
3,036
$204,353
Energy-23.50%
Cheniere Energy, Inc.
 
1,587
335,682
Enbridge, Inc. (Canada)
 
6,718
329,761
Energy Transfer L.P.
 
10,184
187,895
Enterprise Products Partners L.P.
 
3,558
118,090
MPLX L.P.
 
3,781
211,358
ONEOK, Inc.
 
5,310
420,499
Targa Resources Corp.
 
2,274
457,028
TC Energy Corp. (Canada)
 
3,646
214,966
Williams Cos., Inc. (The)
 
7,918
532,565
 
 
2,807,844
Materials-15.12%
Agnico Eagle Mines Ltd. (Canada)
 
301
57,535
Corteva, Inc.
 
5,696
414,669
Freeport-McMoRan, Inc.
 
5,502
331,386
International Paper Co.
 
3,367
135,757
Newmont Corp.
 
2,626
295,031
Nutrien Ltd. (Canada)
 
3,946
273,188
Smurfit WestRock PLC
 
4,214
175,429
West Fraser Timber Co. Ltd. (Canada)
 
1,805
123,950
 
 
1,806,945
Real Estate-48.56%
Agree Realty Corp.
 
2,994
216,257
American Homes 4 Rent, Class A
 
4,788
149,960
American Tower Corp.
 
2,585
463,439
AvalonBay Communities, Inc.
 
809
143,735
Brixmor Property Group, Inc.
 
1,879
50,338
Crown Castle, Inc.
 
2,162
187,683
Digital Realty Trust, Inc.
 
1,811
300,535
EastGroup Properties, Inc.
 
956
173,648
Equinix, Inc.
 
444
364,493
Equity LifeStyle Properties, Inc.
 
2,500
157,925
Equity Residential
 
2,808
174,995
Extra Space Storage, Inc.
 
622
85,817
Federal Realty Investment Trust
 
1,184
119,773
Fibra Uno Administracion S.A. de C.V. (Mexico)
 
37,228
58,330
Healthpeak Properties, Inc.
 
2,973
51,255
Host Hotels & Resorts, Inc.
 
2,936
54,404
 
Shares
Value
Real Estate-(continued)
Invitation Homes, Inc.
 
6,653
$177,835
Kimco Realty Corp.
 
3,927
82,781
Mid-America Apartment Communities, Inc.
 
600
80,580
NNN REIT, Inc.
 
822
34,253
Omega Healthcare Investors, Inc.
 
790
34,665
PotlatchDeltic Corp.
 
1,270
52,997
Prologis, Inc.
 
3,872
505,528
Public Storage
 
1,099
303,533
Realty Income Corp.
 
2,326
142,258
Regency Centers Corp.
 
1,918
139,765
SBA Communications Corp., Class A
 
1,102
202,889
Simon Property Group, Inc.
 
1,183
226,320
UDR, Inc.
 
2,034
75,563
Ventas, Inc.
 
3,431
266,486
Welltower, Inc.
 
2,710
510,456
Weyerhaeuser Co.
 
8,304
214,077
 
 
5,802,573
Utilities-10.28%
American Water Works Co., Inc.
 
894
115,442
CenterPoint Energy, Inc.
 
866
34,372
Consolidated Edison, Inc.
 
1,582
168,689
Edison International
 
3,145
195,871
Essential Utilities, Inc.
 
6,755
262,026
PG&E Corp.
 
16,158
249,156
Sempra
 
2,328
202,559
 
 
1,228,115
Total Common Stocks & Other Equity Interests
(Cost $10,812,053)
11,849,830
Money Market Funds-0.72%
Invesco Government & Agency Portfolio,
Institutional Class, 3.61%(b)(c)
(Cost $86,551)
 
86,551
86,551
TOTAL INVESTMENTS IN SECURITIES-99.89%
(Cost $10,898,604)
11,936,381
OTHER ASSETS LESS LIABILITIES-0.11%
12,743
NET ASSETS-100.00%
$11,949,124
 
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)
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 Government &
Agency Portfolio,
Institutional Class
$74,620
$533,846
$(521,915
)
$-
$-
$86,551
$817
See accompanying notes which are an integral part of this schedule.
Invesco Real Assets ESG ETF (IVRA)—(continued)
January 31, 2026
(Unaudited)
 
Value
October 31, 2025
Purchases
at Cost
Proceeds
from Sales
Change in
Unrealized
Appreciation
Realized
Gain
Value
January 31, 2026
Dividend Income
Investments Purchased
with Cash Collateral from
Securities on Loan:
Invesco Private Government
Fund
$83,003
$609,551
$(692,554
)
$-
$-
$-
$1,280
*
Invesco Private Prime Fund
203,680
1,579,507
(1,783,187
)
-
-
-
3,428
*
Total
$361,303
$2,722,904
$(2,997,656
)
$-
$-
$86,551
$5,525
 
*
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.
 
(c)
The rate shown is the 7-day SEC standardized yield as of January 31, 2026.
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 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 financial statements may materially differ from the value received upon actual sale of those investments.