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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Uzbekistan International Bond</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Chile Government International Bond</name>
        <lei>549300FLZTJM5YJF8D34</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Qatar Government International Bond</name>
        <lei>52990074F6OJOAXK4P65</lei>
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        <cusip>AX5423154</cusip>
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          <isin value="XS1959337749"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-03-14</maturityDt>
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        <name>Guatemala Government Bond</name>
        <lei>529900QKDFFU9UWW5315</lei>
        <title>Guatemala Government Bond</title>
        <cusip>BR7402000</cusip>
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          <isin value="USP5015VAN66"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-10-07</maturityDt>
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        <name>Serbia International Bond</name>
        <lei>254900W94OCY91V32O78</lei>
        <title>Serbia International Bond</title>
        <cusip>YX5291290</cusip>
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          <isin value="XS2838999691"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Kazakhstan Government International Bond</name>
        <lei>5493007OEK8EF02UO833</lei>
        <title>Kazakhstan Government International Bond</title>
        <cusip>YN6849023</cusip>
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          <isin value="XS3093658014"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
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      <invstOrSec>
        <name>Panama Government International Bond</name>
        <lei>549300SHS4T08CL0LP14</lei>
        <title>Panama Government International Bond</title>
        <cusip>698299BT0</cusip>
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          <isin value="US698299BT07"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-14</maturityDt>
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          <annualizedRt>6.40000000</annualizedRt>
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        <name>Morocco Government International Bond</name>
        <lei>529900F3MBW9XY5K1X07</lei>
        <title>Morocco Government International Bond</title>
        <cusip>BM9763137</cusip>
        <identifiers>
          <isin value="XS2270577344"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>MA</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Kazakhstan Government International Bond</name>
        <lei>5493007OEK8EF02UO833</lei>
        <title>Kazakhstan Government International Bond</title>
        <cusip>EK5167292</cusip>
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          <isin value="XS1120709826"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-10-14</maturityDt>
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        <name>Bahrain Government International Bond</name>
        <lei>549300RODM1WN85LFQ95</lei>
        <title>Bahrain Government International Bond</title>
        <cusip>BN6646853</cusip>
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          <isin value="XS2290957732"/>
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        <invCountry>BH</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>Hungary Government International Bond</name>
        <lei>5299003F3UFKGCCMAP43</lei>
        <title>Hungary Government International Bond</title>
        <cusip>ZM2329831</cusip>
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          <isin value="XS2574267345"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-25</maturityDt>
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        <name>China Government International Bond</name>
        <lei>300300CHN201808MOF68</lei>
        <title>China Government International Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USY15025AD41"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-10-21</maturityDt>
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          <annualizedRt>2.25000000</annualizedRt>
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        <name>Saudi Government International Bond</name>
        <lei>635400FMICXSM3SI3H65</lei>
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        <cusip>BN7443524</cusip>
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          <isin value="XS2294323386"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-02-02</maturityDt>
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          <annualizedRt>3.45000000</annualizedRt>
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        <name>Mexico Government International Bond</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>Mexico Government International Bond</title>
        <cusip>91086QAZ1</cusip>
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          <isin value="US91086QAZ19"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2110-10-12</maturityDt>
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        <name>Colombia Government International Bond</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>Colombia Government International Bond</title>
        <cusip>195325BR5</cusip>
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          <isin value="US195325BR53"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>CO</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-02-26</maturityDt>
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        <name>Hungary Government International Bond</name>
        <lei>5299003F3UFKGCCMAP43</lei>
        <title>Hungary Government International Bond</title>
        <cusip>YN4675420</cusip>
        <identifiers>
          <isin value="XS3101499773"/>
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        <balance>12076000.00000000</balance>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>HU</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-09-23</maturityDt>
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        <name>El Salvador Government International Bond</name>
        <lei>529900AKDMUSFSDOM949</lei>
        <title>El Salvador Government International Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP01012AR71"/>
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        <balance>13328000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Turkiye Government International Bond</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Uzbekistan International Bond</name>
        <lei>213800L6VDKUM3TCM927</lei>
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        <cusip>YX1933002</cusip>
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        <fairValLevel>2</fairValLevel>
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        <cusip>AP2700627</cusip>
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        <fairValLevel>2</fairValLevel>
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        <cusip>ZF2082351</cusip>
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        <fairValLevel>2</fairValLevel>
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        <cusip>AM7129258</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Costa Rica Government International Bond</name>
        <lei>549300S1EK2VN6XVJP58</lei>
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        <cusip>EJ6505675</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Angolan Government International Bond</name>
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        <cusip>ZQ6807718</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Colombia Government International Bond</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of Uzbekistan International Bond</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Finance Department Government of Sharjah</name>
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        <fairValLevel>2</fairValLevel>
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        <name>El Salvador Government International Bond</name>
        <lei>529900AKDMUSFSDOM949</lei>
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        <cusip>BK4395301</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Egypt Government International Bond</name>
        <lei>529900GFIVH4086NMH82</lei>
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        <cusip>AX3105902</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Trinidad &amp; Tobago Government International Bond</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Saudi Government International Bond</name>
        <lei>635400FMICXSM3SI3H65</lei>
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        <cusip>BH8296148</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Republic of South Africa Government International Bond</name>
        <lei>378900AAFB4F17004C49</lei>
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        <cusip>836205BE3</cusip>
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        <invCountry>ZA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Indonesia Government International Bond</name>
        <lei>529900FWX0GRR7WG5W79</lei>
        <title>Indonesia Government International Bond</title>
        <cusip>455780CX2</cusip>
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        <invCountry>ID</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2071-03-12</maturityDt>
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        <lei>529900RAHBALMYIJ3T08</lei>
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        <fairValLevel>2</fairValLevel>
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        <lei>529900RAHBALMYIJ3T08</lei>
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        <cusip>BV4041802</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Hungary Government International Bond</name>
        <lei>5299003F3UFKGCCMAP43</lei>
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        <cusip>445545AF3</cusip>
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          <isin value="US445545AF36"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Nigeria Government International Bond</name>
        <lei>549300GSBZD84TNEQ285</lei>
        <title>Nigeria Government International Bond</title>
        <cusip>AV6882030</cusip>
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          <isin value="XS1910828182"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-01-21</maturityDt>
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        <name>Pakistan Government International Bond</name>
        <lei>529900LOP29R5WKHOD86</lei>
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        <cusip>N/A</cusip>
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          <isin value="XS2322321964"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-04-08</maturityDt>
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        <name>Finance Department Government of Sharjah</name>
        <lei>254900ZNL8O3F1CLJO24</lei>
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        <cusip>BK5258532</cusip>
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          <isin value="XS2207514063"/>
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        <invCountry>AE</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-07-28</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Angolan Government International Bond</name>
        <lei>549300QHR2R3J8JSGK83</lei>
        <title>Angolan Government International Bond</title>
        <cusip>AS4643506</cusip>
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          <isin value="XS1819680528"/>
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        <curCd>USD</curCd>
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        <invCountry>AO</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-05-08</maturityDt>
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        <name>Colombia Government International Bond</name>
        <lei>549300MHDRBVRF6B9117</lei>
        <title>Colombia Government International Bond</title>
        <cusip>195325EQ4</cusip>
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          <isin value="US195325EQ44"/>
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        <curCd>USD</curCd>
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        <invCountry>CO</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-11-07</maturityDt>
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        <name>Costa Rica Government International Bond</name>
        <lei>549300S1EK2VN6XVJP58</lei>
        <title>Costa Rica Government International Bond</title>
        <cusip>EK1596197</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Romanian Government International Bond</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>Romanian Government International Bond</title>
        <cusip>BK4157206</cusip>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>Indonesia Government International Bond</name>
        <lei>529900FWX0GRR7WG5W79</lei>
        <title>Indonesia Government International Bond</title>
        <cusip>455780CR5</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Romanian Government International Bond</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>Romanian Government International Bond</title>
        <cusip>ZM2641748</cusip>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>Dominican Republic International Bond</name>
        <lei>254900EHU7Q8FGVPI369</lei>
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        <cusip>P3579EAY3</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Finance Department Government of Sharjah</name>
        <lei>254900ZNL8O3F1CLJO24</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Bahrain Government International Bond</name>
        <lei>549300RODM1WN85LFQ95</lei>
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        <cusip>AP1423544</cusip>
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          <isin value="XS1675862103"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Morocco Government International Bond</name>
        <lei>529900F3MBW9XY5K1X07</lei>
        <title>Morocco Government International Bond</title>
        <cusip>EJ4730457</cusip>
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        <invCountry>MA</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-12-11</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Mexico Government International Bond</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>Mexico Government International Bond</title>
        <cusip>91087BAP5</cusip>
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          <isin value="XS2280637039"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2071-04-19</maturityDt>
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          <annualizedRt>3.75000000</annualizedRt>
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        <name>Egypt Government International Bond</name>
        <lei>529900GFIVH4086NMH82</lei>
        <title>Egypt Government International Bond</title>
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          <isin value="XS2176899701"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Oman Government International Bond</name>
        <lei>549300SZ20F0QTKNQC75</lei>
        <title>Oman Government International Bond</title>
        <cusip>AQ7342613</cusip>
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          <isin value="XS1750114396"/>
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        <curCd>USD</curCd>
        <valUSD>13284136.93000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>OM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-01-17</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Chile Government International Bond</name>
        <lei>549300FLZTJM5YJF8D34</lei>
        <title>Chile Government International Bond</title>
        <cusip>168863EA2</cusip>
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          <isin value="US168863EA21"/>
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        <curCd>USD</curCd>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-01-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.33000000</annualizedRt>
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      <invstOrSec>
        <name>Brazilian Government International Bond</name>
        <lei>254900ZFY40OYEADAP90</lei>
        <title>Brazilian Government International Bond</title>
        <cusip>105756CN8</cusip>
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          <isin value="US105756CN87"/>
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        <balance>13218000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13319117.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>BR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-01-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Brazilian Government International Bond</name>
        <lei>254900ZFY40OYEADAP90</lei>
        <title>Brazilian Government International Bond</title>
        <cusip>105756CJ7</cusip>
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          <isin value="US105756CJ75"/>
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        <balance>13035000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>BR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-05-13</maturityDt>
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      <invstOrSec>
        <name>Republic of South Africa Government International Bond</name>
        <lei>378900AAFB4F17004C49</lei>
        <title>Republic of South Africa Government International Bond</title>
        <cusip>836205BB9</cusip>
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          <isin value="US836205BB97"/>
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        <balance>15530000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZA</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-09-30</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Egypt Government International Bond</name>
        <lei>529900GFIVH4086NMH82</lei>
        <title>Egypt Government International Bond</title>
        <cusip>BR6006737</cusip>
        <identifiers>
          <isin value="XS2391398174"/>
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        <balance>13119000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12147455.01000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Chile Government International Bond</name>
        <lei>549300FLZTJM5YJF8D34</lei>
        <title>Chile Government International Bond</title>
        <cusip>168863DW5</cusip>
        <identifiers>
          <isin value="US168863DW59"/>
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        <balance>16480000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12978000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dominican Republic International Bond</name>
        <lei>254900EHU7Q8FGVPI369</lei>
        <title>Dominican Republic International Bond</title>
        <cusip>AR2247153</cusip>
        <identifiers>
          <isin value="USP3579EBY25"/>
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        <balance>13398000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13003428.90000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>DO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Trinidad &amp; Tobago Government International Bond</name>
        <lei>HYBZ5SXKW67ICKUUWH81</lei>
        <title>Trinidad &amp; Tobago Government International Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP93960AJ47"/>
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        <balance>12979000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13238580.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TT</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-14</maturityDt>
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          <annualizedRt>5.95000000</annualizedRt>
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      <invstOrSec>
        <name>Invesco Private Prime Fund</name>
        <lei>N/A</lei>
        <title>Invesco Private Prime Fund</title>
        <cusip>N/A</cusip>
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          <other otherDesc="CADIS_ID" value="2487474"/>
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        <assetCat>STIV</assetCat>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Serbia International Bond</name>
        <lei>254900W94OCY91V32O78</lei>
        <title>Serbia International Bond</title>
        <cusip>BM7040983</cusip>
        <identifiers>
          <isin value="XS2264555744"/>
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        <balance>15160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13312476.88000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>RS</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-01</maturityDt>
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          <annualizedRt>2.12500000</annualizedRt>
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        <name>Peruvian Government International Bond</name>
        <lei>254900STKLK2DBJJZ530</lei>
        <title>Peruvian Government International Bond</title>
        <cusip>715638EC2</cusip>
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          <isin value="US715638EC21"/>
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        <balance>13384000.00000000</balance>
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        <invCountry>PE</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-08-08</maturityDt>
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        <name>Mexico Government International Bond</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>Mexico Government International Bond</title>
        <cusip>91087BAX8</cusip>
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          <isin value="US91087BAX82"/>
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        <balance>13568000.00000000</balance>
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        <invCountry>MX</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-05-04</maturityDt>
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        <name>Nigeria Government International Bond</name>
        <lei>549300GSBZD84TNEQ285</lei>
        <title>Nigeria Government International Bond</title>
        <cusip>AR3678802</cusip>
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          <isin value="XS1777972941"/>
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        <invCountry>NG</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-23</maturityDt>
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        <name>Kazakhstan Government International Bond</name>
        <lei>5493007OEK8EF02UO833</lei>
        <title>Kazakhstan Government International Bond</title>
        <cusip>AF2793459</cusip>
        <identifiers>
          <isin value="XS1263139856"/>
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        <balance>12220000.00000000</balance>
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        <invCountry>KZ</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-07-21</maturityDt>
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      <invstOrSec>
        <name>Brazilian Government International Bond</name>
        <lei>254900ZFY40OYEADAP90</lei>
        <title>Brazilian Government International Bond</title>
        <cusip>105756CB4</cusip>
        <identifiers>
          <isin value="US105756CB40"/>
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        <invCountry>BR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-01-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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        <name>Indonesia Government International Bond</name>
        <lei>529900FWX0GRR7WG5W79</lei>
        <title>Indonesia Government International Bond</title>
        <cusip>455780CU8</cusip>
        <identifiers>
          <isin value="US455780CU87"/>
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        <balance>16554000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12946989.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Invesco Government &amp; Agency Portfolio</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Mongolia Government International Bond</name>
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        <cusip>BQ2935527</cusip>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Costa Rica Government International Bond</name>
        <lei>549300S1EK2VN6XVJP58</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Invesco Private Government Fund</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Kuwait International Government Bond</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Turkiye Government International Bond</name>
        <lei>5493000PCHOG3B6S3Q85</lei>
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        <cusip>900123CG3</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Panama Government International Bond</name>
        <lei>549300SHS4T08CL0LP14</lei>
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        <cusip>698299BW3</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Angolan Government International Bond</name>
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        <cusip>BV8060618</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Morocco Government International Bond</name>
        <lei>529900F3MBW9XY5K1X07</lei>
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        <cusip>ZL3654445</cusip>
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        <invCountry>MA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Qatar Government International Bond</name>
        <lei>52990074F6OJOAXK4P65</lei>
        <title>Qatar Government International Bond</title>
        <cusip>LW2393194</cusip>
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        <invCountry>QA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kuwait International Government Bond</name>
        <lei>549300FSC1YD0D9XX589</lei>
        <title>Kuwait International Government Bond</title>
        <cusip>YK5214134</cusip>
        <identifiers>
          <isin value="XS3190721871"/>
        </identifiers>
        <balance>19827000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19394234.09000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>KW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.65200000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mongolia Government International Bond</name>
        <lei>254900PW61ADCBDCLP71</lei>
        <title>Mongolia Government International Bond</title>
        <cusip>YR6301497</cusip>
        <identifiers>
          <isin value="USY6142NAJ73"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-25</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Republic of Poland Government International Bond</name>
        <lei>259400R9L8QEP0TPXS31</lei>
        <title>Republic of Poland Government International Bond</title>
        <cusip>857524AF9</cusip>
        <identifiers>
          <isin value="US857524AF94"/>
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        <balance>19473000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19899494.14000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Philippine Government International Bond</name>
        <lei>529900RAHBALMYIJ3T08</lei>
        <title>Philippine Government International Bond</title>
        <cusip>718286DH7</cusip>
        <identifiers>
          <isin value="US718286DH75"/>
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        <balance>12815000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13062097.93000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-02-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.90000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="4581140.85000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>China Government International Bond</name>
        <lei>300300CHN201808MOF68</lei>
        <title>China Government International Bond</title>
        <cusip>AU8900428</cusip>
        <identifiers>
          <isin value="XS1891577030"/>
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        <balance>13484000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12679605.24000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-10-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Romanian Government International Bond</name>
        <lei>315700IASY927EDWBK92</lei>
        <title>Romanian Government International Bond</title>
        <cusip>AT0010294</cusip>
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          <isin value="XS1837994794"/>
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        <balance>15460000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12254266.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>El Salvador Government International Bond</name>
        <lei>529900AKDMUSFSDOM949</lei>
        <title>El Salvador Government International Bond</title>
        <cusip>AZ8756738</cusip>
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          <isin value="USP01012CA29"/>
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        <balance>14539000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13234124.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SV</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-01-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12460000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Trinidad &amp; Tobago Government International Bond</name>
        <lei>HYBZ5SXKW67ICKUUWH81</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USP93960AL92"/>
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        <balance>13169000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13432380.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nigeria Government International Bond</name>
        <lei>549300GSBZD84TNEQ285</lei>
        <title>Nigeria Government International Bond</title>
        <cusip>AQ1229378</cusip>
        <identifiers>
          <isin value="XS1717013095"/>
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        <balance>13834000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13529809.02000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>NG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Republic of South Africa Government International Bond</name>
        <lei>378900AAFB4F17004C49</lei>
        <title>Republic of South Africa Government International Bond</title>
        <cusip>YT1891555</cusip>
        <identifiers>
          <isin value="XS2917537875"/>
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        <balance>12290000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12553923.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-11-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.95000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Dominican Republic International Bond</name>
        <lei>254900EHU7Q8FGVPI369</lei>
        <title>Dominican Republic International Bond</title>
        <cusip>P3579EBE6</cusip>
        <identifiers>
          <isin value="USP3579EBE60"/>
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        <curCd>USD</curCd>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>DO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-01-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.85000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Serbia International Bond</name>
        <lei>254900W94OCY91V32O78</lei>
        <title>Serbia International Bond</title>
        <cusip>ZM5228527</cusip>
        <identifiers>
          <isin value="XS2580270275"/>
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        <balance>12118000.00000000</balance>
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        <valUSD>12911485.19000000</valUSD>
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        <invCountry>RS</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>Jordan Government International Bond</name>
        <lei>5493000JZ4MYPVMBVN50</lei>
        <title>Jordan Government International Bond</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-07</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-05-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Invesco Exchange-Traded Fund Trust II</ncom:nameOfApplicant>
      <ncom:signature>Adrien Deberghes</ncom:signature>
      <ncom:signerName>Adrien Deberghes</ncom:signerName>
      <ncom:title>Vice President</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
