Schedule of Investments(a)
Invesco ESG NASDAQ 100 ETF (QQMG)
May 31, 2026
(Unaudited)
 
Shares
Value
Common Stocks & Other Equity Interests-99.94%
Communication Services-12.33%
Alphabet, Inc., Class A, (Acquired 10/25/2021 -
05/15/2026; Cost $4,243,459)(b)
 
17,773
$6,759,783
Alphabet, Inc., Class C, (Acquired 10/25/2021 -
05/15/2026; Cost $3,969,291)(b)
 
16,598
6,247,985
Charter Communications, Inc., Class A(c)
 
964
138,864
Comcast Corp., Class A
 
28,810
716,505
Electronic Arts, Inc.
 
2,971
599,310
Meta Platforms, Inc., Class A
 
7,058
4,464,255
Netflix, Inc.(c)
 
49,553
4,262,549
Take-Two Interactive Software, Inc.(c)
 
1,998
447,872
T-Mobile US, Inc.
 
9,180
1,721,525
Warner Bros. Discovery, Inc.(c)
 
28,869
779,752
 
 
26,138,400
Consumer Discretionary-11.52%
Airbnb, Inc., Class A(c)
 
4,273
569,634
Amazon.com, Inc.(c)
 
38,252
10,352,521
Booking Holdings, Inc.
 
8,852
1,482,090
DoorDash, Inc., Class A(c)
 
2,955
470,702
Marriott International, Inc., Class A
 
2,391
898,060
MercadoLibre, Inc. (Brazil)(c)
 
476
807,129
O’Reilly Automotive, Inc.(c)
 
9,924
862,197
PDD Holdings, Inc., ADR (China)(c)
 
4,382
370,016
Ross Stores, Inc.
 
2,753
637,953
Starbucks Corp.
 
9,595
951,440
Tesla, Inc.(c)
 
16,112
7,021,449
 
 
24,423,191
Consumer Staples-5.57%
Coca-Cola Europacific Partners PLC (United
Kingdom)
 
4,539
411,642
Costco Wholesale Corp.
 
2,877
2,751,333
Keurig Dr Pepper, Inc.
 
10,134
304,324
Kraft Heinz Co. (The)
 
7,236
173,736
Mondelez International, Inc., Class A
 
10,984
671,891
Monster Beverage Corp.(c)
 
4,557
401,381
PepsiCo, Inc.
 
13,829
1,994,003
Walmart, Inc.
 
43,973
5,089,875
 
 
11,798,185
Financials-0.17%
PayPal Holdings, Inc.
 
7,929
354,823
Health Care-3.41%
Alnylam Pharmaceuticals, Inc.(c)
 
851
256,985
Amgen, Inc.
 
4,449
1,498,379
Dexcom, Inc.(c)
 
3,252
239,802
GE HealthCare Technologies, Inc.
 
4,414
275,169
Gilead Sciences, Inc.
 
10,105
1,358,415
IDEXX Laboratories, Inc.(c)
 
856
482,382
Insmed, Inc.(c)
 
1,278
136,631
Intuitive Surgical, Inc.(c)
 
3,402
1,444,625
Regeneron Pharmaceuticals, Inc.
 
980
602,484
Vertex Pharmaceuticals, Inc.(c)
 
2,102
940,729
 
 
7,235,601
Industrials-2.19%
Automatic Data Processing, Inc.
 
4,287
951,028
Cintas Corp.
 
4,008
686,410
Copart, Inc.(c)
 
9,439
309,316
Fastenal Co.
 
11,157
493,139
Ferrovial N.V.(d)
 
6,705
456,007
Old Dominion Freight Line, Inc.
 
2,097
472,140
 
Shares
Value
Industrials-(continued)
PACCAR, Inc.
 
2,051
$226,369
Paychex, Inc.
 
3,348
324,689
Thomson Reuters Corp. (Canada)(d)
 
5,631
487,138
Verisk Analytics, Inc.
 
1,374
240,436
 
 
4,646,672
Information Technology-63.21%
Adobe, Inc.(c)
 
4,582
1,187,700
Advanced Micro Devices, Inc.(c)
 
19,489
10,058,273
Apple, Inc.
 
55,495
17,317,770
Applied Materials, Inc.
 
9,297
4,184,208
AppLovin Corp., Class A(c)
 
3,162
1,938,591
ARM Holdings PLC, ADR(c)
 
647
228,579
ASML Holding N.V., New York Shares
(Netherlands)
 
1,149
1,853,061
Autodesk, Inc.(c)
 
2,175
503,099
Broadcom, Inc.
 
14,386
6,427,233
Cadence Design Systems, Inc.(c)
 
2,958
1,109,043
Cisco Systems, Inc.
 
49,602
5,973,073
Cognizant Technology Solutions Corp., Class A
 
4,876
271,861
CrowdStrike Holdings, Inc., Class A(c)
 
2,314
1,691,534
Datadog, Inc., Class A(c)
 
3,277
810,566
Fortinet, Inc.(c)
 
7,597
1,048,158
Intel Corp.(c)
 
44,070
5,053,948
Intuit, Inc.
 
3,105
1,029,401
KLA Corp.
 
1,483
2,849,896
Lam Research Corp.
 
14,203
4,519,111
Marvell Technology, Inc.
 
9,563
1,960,415
Microchip Technology, Inc.
 
3,806
360,238
Micron Technology, Inc.
 
9,688
9,407,048
Microsoft Corp.
 
29,050
13,079,472
Monolithic Power Systems, Inc.
 
473
740,817
NVIDIA Corp.
 
102,139
21,565,628
NXP Semiconductors N.V. (Netherlands)
 
2,548
818,800
Palantir Technologies, Inc., Class A(c)
 
18,350
2,872,509
Palo Alto Networks, Inc.(c)
 
9,602
2,704,787
QUALCOMM, Inc.
 
10,621
2,666,083
Roper Technologies, Inc.
 
803
261,401
Seagate Technology Holdings PLC
 
2,500
2,199,500
Shopify, Inc., Class A (Canada)(c)
 
8,053
955,972
Strategy, Inc., Class A(c)
 
2,296
365,271
Synopsys, Inc.(c)
 
1,931
918,422
Texas Instruments, Inc.
 
7,805
2,385,832
Western Digital Corp.
 
4,037
2,144,495
Workday, Inc., Class A(c)
 
2,292
335,067
Zscaler, Inc.(c)
 
1,448
202,329
 
 
133,999,191
Materials-1.34%
Linde PLC
 
5,728
2,850,768
Utilities-0.20%
Exelon Corp.
 
9,415
429,701
Total Common Stocks & Other Equity Interests
(Cost $154,092,659)
211,876,532
See accompanying notes which are an integral part of this schedule.

Invesco ESG NASDAQ 100 ETF (QQMG)—(continued)
May 31, 2026
(Unaudited)
 
Shares
Value
Money Market Funds-0.04%
Invesco Government & Agency Portfolio,
Institutional Class, 3.53%(e)(f)
(Cost $88,597)
 
88,597
$88,597
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.98%
(Cost $154,181,256)
211,965,129
Investments Purchased with Cash Collateral from Securities
on Loan
Money Market Funds-0.09%
Invesco Private Government Fund,
3.58%(e)(f)(g)
 
56,930
56,930
 
Shares
Value
Money Market Funds-(continued)
Invesco Private Prime Fund, 3.75%(e)(f)(g)
 
133,278
$133,305
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $190,235)
190,235
TOTAL INVESTMENTS IN SECURITIES-100.07%
(Cost $154,371,491)
212,155,364
OTHER ASSETS LESS LIABILITIES-(0.07)%
(154,397
)
NET ASSETS-100.00%
$212,000,967
Investment Abbreviations:
ADR
-American Depositary Receipt
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)
Restricted security. The aggregate value of these securities at May 31, 2026 was $13,007,768, which represented 6.14% of the Fund’s Net Assets.
(c)
Non-income producing security.
(d)
All or a portion of this security was out on loan at May 31, 2026.
(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, 2026.
 
Value
August 31, 2025
Purchases
at Cost
Proceeds
from Sales
Change in
Unrealized
Appreciation
(Depreciation)
Realized
Gain
Value
May 31, 2026
Dividend Income
Investments in Affiliated
Money Market Funds:
Invesco Government &
Agency Portfolio, Institutional
Class
$18,764
$880,804
$(810,971
)
$-
$-
$88,597
$1,951
Investments Purchased with
Cash Collateral from
Securities on Loan:
Invesco Private Government
Fund
34,252
5,971,045
(5,948,367
)
-
-
56,930
3,610
*
Invesco Private Prime Fund
89,034
11,414,288
(11,370,016
)
(3
)
2
133,305
9,558
*
Total
$142,050
$18,266,137
$(18,129,354
)
$(3
)
$2
$278,832
$15,119
*
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, 2026.
(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 NASDAQ 100 ETF (QQQM)
May 31, 2026
(Unaudited)
 
Shares
Value
Common Stocks & Other Equity Interests-99.84%
Communication Services-13.40%
Alphabet, Inc., Class A, (Acquired
06/05/2023 - 05/29/2026;
Cost $1,878,630,728)(b)
 
8,985,189
$3,417,426,784
Alphabet, Inc., Class C, (Acquired
06/22/2021 - 05/29/2026;
Cost $1,752,322,274)(b)
 
8,393,098
3,159,413,880
Charter Communications, Inc.,
Class A(c)(d)
 
540,671
77,883,658
Comcast Corp., Class A
 
15,284,373
380,122,356
Electronic Arts, Inc.
 
1,065,705
214,974,013
Meta Platforms, Inc., Class A
 
4,551,960
2,879,160,220
Netflix, Inc.(c)
 
17,989,808
1,547,483,284
Take-Two Interactive Software, Inc.(c)
 
788,946
176,850,135
T-Mobile US, Inc.
 
4,695,120
880,475,854
Warner Bros. Discovery, Inc.(c)
 
10,563,355
285,316,218
 
 
13,019,106,402
Consumer Discretionary-11.39%
Airbnb, Inc., Class A(c)
 
1,803,933
240,482,308
Amazon.com, Inc.(c)
 
16,567,752
4,483,896,401
Booking Holdings, Inc.
 
3,373,048
564,749,427
DoorDash, Inc., Class A(c)
 
1,746,451
278,192,180
Marriott International, Inc., Class A
 
1,128,474
423,854,834
MercadoLibre, Inc. (Brazil)(c)
 
216,098
366,426,574
O’Reilly Automotive, Inc.(c)
 
3,571,623
310,302,606
PDD Holdings, Inc., ADR (China)(c)
 
2,844,966
240,228,929
Ross Stores, Inc.
 
1,377,616
319,234,956
Starbucks Corp.
 
4,852,851
481,208,705
Tesla, Inc.(c)
 
7,703,011
3,356,895,164
 
 
11,065,472,084
Consumer Staples-6.42%
Coca-Cola Europacific Partners PLC
(United Kingdom)(d)
 
1,951,618
176,992,237
Costco Wholesale Corp.
 
1,891,119
1,808,514,922
Keurig Dr Pepper, Inc.(d)
 
5,787,713
173,805,021
Kraft Heinz Co. (The)
 
5,048,817
121,222,096
Mondelez International, Inc., Class A
 
5,460,013
333,988,995
Monster Beverage Corp.(c)
 
4,166,665
366,999,853
PepsiCo, Inc.
 
5,823,308
839,662,781
Walmart, Inc.
 
20,823,604
2,410,332,163
 
 
6,231,518,068
Energy-0.51%
Baker Hughes Co., Class A
 
4,209,495
268,902,541
Diamondback Energy, Inc.(d)
 
1,201,753
230,111,664
 
 
499,014,205
Financials-0.18%
PayPal Holdings, Inc.
 
3,921,682
175,495,270
Health Care-3.69%
Alnylam Pharmaceuticals, Inc.(c)
 
565,107
170,651,012
Amgen, Inc.
 
2,296,212
773,341,240
Dexcom, Inc.(c)
 
1,639,885
120,925,120
GE HealthCare Technologies, Inc.
 
1,941,316
121,021,639
Gilead Sciences, Inc.
 
5,287,482
710,796,205
IDEXX Laboratories, Inc.(c)
 
339,403
191,263,773
Insmed, Inc.(c)
 
918,300
98,175,453
Intuitive Surgical, Inc.(c)
 
1,512,432
642,239,124
Regeneron Pharmaceuticals, Inc.
 
442,663
272,140,359
Vertex Pharmaceuticals, Inc.(c)
 
1,082,129
484,296,013
 
 
3,584,849,938
 
Shares
Value
Industrials-3.34%
Automatic Data Processing, Inc.
 
1,715,246
$380,510,173
Axon Enterprise, Inc.(c)(d)
 
342,631
153,745,382
Cintas Corp.
 
1,703,103
291,673,420
Copart, Inc.(c)
 
4,123,177
135,116,510
CSX Corp.
 
7,920,725
358,492,014
Fastenal Co.
 
4,891,175
216,189,935
Ferrovial N.V.(d)
 
3,064,540
208,419,366
Honeywell International, Inc.
 
2,707,786
644,073,978
Old Dominion Freight Line, Inc.
 
887,914
199,913,837
PACCAR, Inc.
 
2,239,943
247,222,509
Paychex, Inc.
 
1,529,093
148,291,439
Thomson Reuters Corp. (Canada)(d)
 
1,867,324
161,542,221
Verisk Analytics, Inc.
 
587,584
102,821,324
 
 
3,248,012,108
Information Technology-58.72%
Adobe, Inc.(c)
 
1,736,081
450,009,556
Advanced Micro Devices, Inc.(c)
 
6,946,635
3,585,158,323
Analog Devices, Inc.
 
2,080,220
860,899,047
Apple, Inc.
 
22,657,937
7,070,635,820
Applied Materials, Inc.
 
3,381,561
1,521,905,344
AppLovin Corp., Class A(c)
 
1,307,986
801,913,137
ARM Holdings PLC, ADR(c)(d)
 
595,071
210,232,634
ASML Holding N.V., New York Shares
(Netherlands)
 
374,604
604,146,347
Autodesk, Inc.(c)
 
902,831
208,833,839
Broadcom, Inc.
 
7,317,650
3,269,306,490
Cadence Design Systems, Inc.(c)
 
1,176,124
440,964,171
Cisco Systems, Inc.
 
16,829,704
2,026,632,956
Cognizant Technology Solutions Corp.,
Class A
 
2,041,045
113,798,464
CrowdStrike Holdings, Inc., Class A(c)
 
1,074,051
785,131,281
Datadog, Inc., Class A(c)
 
1,399,289
346,114,134
Fortinet, Inc.(c)
 
3,151,889
434,866,125
Intel Corp.(c)
 
21,282,515
2,440,678,820
Intuit, Inc.
 
1,178,033
390,553,280
KLA Corp.
 
558,304
1,072,898,380
Lam Research Corp.
 
5,320,930
1,693,013,507
Lumentum Holdings, Inc.(c)(d)
 
304,435
260,279,748
Marvell Technology, Inc.
 
3,710,673
760,687,965
Microchip Technology, Inc.
 
2,304,841
218,153,201
Micron Technology, Inc.
 
4,795,419
4,656,351,849
Microsoft Corp.
 
11,460,798
5,160,109,691
Monolithic Power Systems, Inc.
 
209,507
328,131,958
NVIDIA Corp.
 
37,503,999
7,918,594,349
NXP Semiconductors N.V. (Netherlands)
 
1,076,531
345,943,237
Palantir Technologies, Inc., Class A(c)
 
9,762,937
1,528,290,158
Palo Alto Networks, Inc.(c)
 
3,475,840
979,109,370
QUALCOMM, Inc.
 
4,546,007
1,141,138,677
Roper Technologies, Inc.
 
438,593
142,775,179
Sandisk Corp.(c)
 
628,906
1,065,983,092
Seagate Technology Holdings PLC
 
928,822
817,177,596
Shopify, Inc., Class A (Canada)(c)
 
5,221,993
619,902,789
Strategy, Inc., Class A(c)(d)
 
1,338,023
212,866,079
Synopsys, Inc.(c)
 
816,245
388,222,556
Texas Instruments, Inc.
 
3,866,692
1,181,970,411
Western Digital Corp.
 
1,444,619
767,396,059
Workday, Inc., Class A(c)(d)
 
907,868
132,721,223
Zscaler, Inc.(c)
 
684,367
95,626,601
 
 
57,049,123,443
Materials-1.01%
Linde PLC
 
1,974,588
982,732,702
See accompanying notes which are an integral part of this schedule.

Invesco NASDAQ 100 ETF (QQQM)—(continued)
May 31, 2026
(Unaudited)
 
Shares
Value
Utilities-1.18%
American Electric Power Co., Inc.
 
2,303,697
$291,809,299
Constellation Energy Corp.(d)
 
1,541,708
443,626,477
Exelon Corp.
 
4,356,709
198,840,199
Xcel Energy, Inc.(d)
 
2,657,253
211,251,613
 
 
1,145,527,588
Total Common Stocks & Other Equity Interests
(Cost $70,629,522,269)
97,000,851,808
Money Market Funds-0.12%
Invesco Government & Agency Portfolio,
Institutional Class, 3.53%(e)(f)
(Cost $114,261,336)
 
114,261,336
114,261,336
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.96%
(Cost $70,743,783,605)
97,115,113,144
 
Shares
Value
Investments Purchased with Cash Collateral from Securities
on Loan
Money Market Funds-0.32%
Invesco Private Government Fund,
3.58%(e)(f)(g)
 
84,275,208
$84,275,208
Invesco Private Prime Fund,
3.75%(e)(f)(g)
 
223,836,410
223,881,177
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $308,156,385)
308,156,385
TOTAL INVESTMENTS IN SECURITIES-100.28%
(Cost $71,051,939,990)
97,423,269,529
OTHER ASSETS LESS LIABILITIES-(0.28)%
(271,788,372
)
NET ASSETS-100.00%
$97,151,481,157
Investment Abbreviations:
ADR
-American Depositary Receipt
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)
Restricted security. The aggregate value of these securities at May 31, 2026 was $6,576,840,664, which represented 6.77% of the Fund’s Net Assets.
(c)
Non-income producing security.
(d)
All or a portion of this security was out on loan at May 31, 2026.
(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, 2026.
 
Value
August 31, 2025
Purchases
at Cost
Proceeds
from Sales
Change in
Unrealized
Appreciation
(Depreciation)
Realized
Gain
(Loss)
Value
May 31, 2026
Dividend Income
Investments in
Affiliated Money
Market Funds:
Invesco Government &
Agency Portfolio,
Institutional Class
$47,009,174
$676,230,897
$(608,978,735
)
$-
$-
$114,261,336
$2,379,460
Investments
Purchased with Cash
Collateral from
Securities on Loan:
Invesco Private
Government Fund
255,981,103
2,850,665,327
(3,022,371,222
)
-
-
84,275,208
5,213,761
*
Invesco Private Prime
Fund
689,509,854
5,641,493,393
(6,107,074,233
)
(43,120
)
(4,717
)
223,881,177
14,203,226
*
Total
$992,500,131
$9,168,389,617
$(9,738,424,190
)
$(43,120
)
$(4,717
)
$422,417,721
$21,796,447
*
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, 2026.
(g)
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.
See accompanying notes which are an integral part of this schedule.

Invesco NASDAQ 100 ETF (QQQM)—(continued)
May 31, 2026
(Unaudited)
Open Futures Contracts
Long Futures Contracts
Number of
Contracts
Expiration
Month
Notional
Value
Value
Unrealized
Appreciation
Equity Risk
 
CME E-Mini NASDAQ 100 Index Future
235
June-2026
$142,904,675
$26,471,428
$26,471,428
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 NASDAQ Future Gen 200 ETF (QQQS)
May 31, 2026
(Unaudited)
 
Shares
Value
Common Stocks & Other Equity Interests-99.93%
Communication Services-4.06%
Bandwidth, Inc., Class A(b)
 
5,324
$345,900
EchoStar Corp., Class A(b)(c)
 
683
88,237
Gogo, Inc.(b)(c)
 
18,600
85,002
iHeartMedia, Inc., Class A(b)(c)
 
24,172
104,181
iQIYI, Inc., ADR (China)(b)
 
49,167
56,051
JOYY, Inc., ADR (China)
 
1,319
88,940
 
 
768,311
Consumer Discretionary-6.76%
BRP, Inc.
 
1,073
61,987
Fossil Group, Inc.(b)(c)
 
16,810
73,628
Fox Factory Holding Corp.(b)
 
4,678
84,391
Garrett Motion, Inc. (Switzerland)
 
3,869
126,748
Gentex Corp.(c)
 
3,361
81,202
Gentherm, Inc.(b)
 
2,401
83,291
Goodyear Tire & Rubber Co. (The)(b)(c)
 
9,536
58,170
GoPro, Inc., Class A(b)
 
81,277
101,596
Helen of Troy Ltd.(b)
 
4,461
121,072
Johnson Outdoors, Inc., Class A
 
1,627
72,825
Lovesac Co. (The)(b)(c)
 
6,167
94,848
MasterCraft Boat Holdings, Inc.(b)
 
3,629
84,519
Matthews International Corp., Class A(c)
 
2,995
79,487
Newell Brands, Inc.
 
17,290
58,786
Sleep Number Corp.(b)(c)
 
12,752
15,175
Sonos, Inc.(b)
 
5,109
80,620
 
 
1,278,345
Consumer Staples-0.73%
Central Garden & Pet Co.(b)
 
2,008
77,268
Niagen Bioscience, Inc.(b)(c)
 
15,577
60,127
 
 
137,395
Energy-0.86%
DMC Global, Inc.(b)
 
13,358
90,968
Geospace Technologies Corp.(b)
 
8,581
71,222
 
 
162,190
Health Care-42.28%
10X Genomics, Inc., Class A(b)(c)
 
3,412
96,577
Accuray, Inc.(b)
 
136,225
51,548
Aclaris Therapeutics, Inc.(b)(c)
 
27,520
125,216
Agios Pharmaceuticals, Inc.(b)(c)
 
2,604
76,558
Akebia Therapeutics, Inc.(b)
 
60,047
61,248
Aldeyra Therapeutics, Inc.(b)
 
14,408
25,214
Alector, Inc.(b)
 
32,375
69,930
Align Technology, Inc.(b)
 
415
72,604
Alkermes PLC(b)(c)
 
2,614
110,285
Allogene Therapeutics, Inc.(b)
 
28,298
61,407
Altimmune, Inc.(b)(c)
 
18,251
55,666
AngioDynamics, Inc.(b)
 
6,877
78,948
Anika Therapeutics, Inc.(b)
 
5,477
79,581
Arbutus Biopharma Corp.(b)
 
16,883
76,986
Ardelyx, Inc.(b)(c)
 
12,010
72,540
Arvinas, Inc.(b)
 
5,929
53,242
AtriCure, Inc.(b)(c)
 
2,518
69,673
Autolus Therapeutics PLC, ADR (United
Kingdom)(b)(c)
 
46,006
86,031
Axogen, Inc.(b)
 
2,485
98,108
Azenta, Inc.(b)(c)
 
2,916
66,718
Bicycle Therapeutics PLC, ADR (United
Kingdom)(b)(c)
 
13,729
64,389
BioCryst Pharmaceuticals, Inc.(b)(c)
 
9,044
80,582
Bioventus, Inc., Class A(b)(c)
 
8,959
76,241
 
Shares
Value
Health Care-(continued)
Bruker Corp.(c)
 
1,963
$115,601
C4 Therapeutics, Inc.(b)
 
29,138
127,333
Caribou Biosciences, Inc.(b)
 
41,401
97,706
Cartesian Therapeutics, Inc., Rts., expiring
12/31/2049(b)(d)
 
27,325
3,728
Cassava Sciences, Inc.(b)(c)
 
34,503
53,135
Cerus Corp.(b)
 
30,731
93,422
ClearPoint Neuro, Inc.(b)(c)
 
6,260
79,314
Codexis, Inc.(b)
 
77,985
216,018
Coherus Oncology, Inc.(b)(c)
 
47,100
74,889
CryoPort, Inc.(b)
 
9,383
147,219
CytomX Therapeutics, Inc.(b)
 
14,651
52,744
DENTSPLY SIRONA, Inc.
 
5,360
56,119
Editas Medicine, Inc.(b)(c)
 
35,946
124,373
Embecta Corp.
 
7,667
25,914
Enanta Pharmaceuticals, Inc.(b)(c)
 
5,502
72,406
Enlivex Ltd. (Israel)(b)(c)
 
68,409
55,432
Fate Therapeutics, Inc.(b)
 
53,155
150,960
Galectin Therapeutics, Inc.(b)(c)
 
26,400
66,528
Geron Corp.(b)
 
46,827
58,534
Heron Therapeutics, Inc.(b)(c)
 
66,108
57,521
ICU Medical, Inc.(b)
 
522
70,674
Innoviva, Inc.(b)
 
3,427
73,406
Inogen, Inc.(b)
 
12,893
83,676
Integra LifeSciences Holdings Corp.(b)
 
6,914
110,901
Iovance Biotherapeutics, Inc.(b)(c)
 
20,381
83,562
Ironwood Pharmaceuticals, Inc.(b)
 
23,003
82,121
Jazz Pharmaceuticals PLC(b)
 
415
98,143
Journey Medical Corp.(b)(c)
 
9,629
60,759
KalVista Pharmaceuticals, Inc.(b)
 
4,836
129,943
Lexicon Pharmaceuticals, Inc.(b)(c)
 
53,584
116,813
Ligand Pharmaceuticals, Inc.(b)
 
398
92,320
LivaNova PLC(b)(c)
 
1,115
82,287
MannKind Corp.(b)
 
23,985
90,423
Maravai LifeSciences Holdings, Inc., Class A(b)
 
22,223
106,670
Masimo Corp.(b)
 
450
80,303
MaxCyte, Inc.(b)(c)
 
96,964
117,326
MediWound Ltd. (Israel)(b)(c)
 
4,548
65,173
MeiraGTx Holdings PLC(b)
 
10,406
110,824
Merit Medical Systems, Inc.(b)
 
1,020
64,321
Microbot Medical, Inc.(b)(c)
 
32,643
66,265
Milestone Pharmaceuticals, Inc. (Canada)(b)
 
46,006
65,329
MiMedx Group, Inc.(b)(c)
 
16,088
59,204
Myriad Genetics, Inc.(b)
 
17,055
67,708
Neogen Corp.(b)
 
7,022
62,987
Neuronetics, Inc.(b)(c)
 
58,708
90,410
NovaBridge Biosciences, ADR (China)(b)(c)
 
23,985
44,132
Novocure Ltd.(b)(c)
 
5,785
98,576
Omeros Corp.(b)(c)
 
6,529
72,080
OmniAb, Inc., Rts., expiring 11/02/2027(b)(d)
 
83
0
OmniAb, Inc., Rts., expiring 11/02/2027(b)(d)
 
83
0
Omnicell, Inc.(b)
 
1,916
84,572
OPKO Health, Inc.(b)(c)
 
65,559
95,716
OraSure Technologies, Inc.(b)(c)
 
24,975
107,393
Orthofix Medical, Inc.(b)(c)
 
5,814
53,896
OrthoPediatrics Corp.(b)(c)
 
4,102
70,431
Ovid therapeutics, Inc.(b)
 
48,460
132,296
Pacific Biosciences of California, Inc.(b)(c)
 
46,827
69,772
Pacira BioSciences, Inc.(b)
 
3,600
83,592
Pro-Dex, Inc.(b)
 
1,783
115,485
ProQR Therapeutics N.V. (Netherlands)(b)(c)
 
49,479
78,177
Prothena Corp. PLC (Ireland)(b)(c)
 
9,071
92,343
See accompanying notes which are an integral part of this schedule.

Invesco NASDAQ Future Gen 200 ETF (QQQS)—(continued)
May 31, 2026
(Unaudited)
 
Shares
Value
Health Care-(continued)
Quanterix Corp.(b)
 
12,010
$36,751
Sarepta Therapeutics, Inc.(b)(c)
 
4,702
84,025
Shattuck Labs, Inc.(b)(c)
 
20,151
119,898
SI-BONE, Inc.(b)(c)
 
5,069
71,473
SIGA Technologies, Inc.(c)
 
13,746
64,331
Spero Therapeutics, Inc.(b)
 
36,438
103,120
Standard BioTools, Inc.(b)
 
69,619
80,062
Tactile Systems Technology, Inc.(b)(c)
 
2,685
66,078
Tandem Diabetes Care, Inc.(b)(c)
 
3,109
53,475
Theravance Biopharma, Inc.(b)
 
4,310
69,219
Vanda Pharmaceuticals, Inc.(b)(c)
 
8,828
56,941
Varex Imaging Corp.(b)
 
5,974
61,114
Vir Biotechnology, Inc.(b)(c)
 
8,654
82,559
Voyager Therapeutics, Inc.(b)
 
19,187
74,254
Xencor, Inc.(b)(c)
 
6,160
73,181
XOMA Royalty Corp.(b)(c)
 
3,085
128,675
 
 
7,993,353
Industrials-4.78%
Ballard Power Systems, Inc. (Canada)(b)
 
36,819
231,592
Columbus McKinnon Corp.(c)
 
4,144
66,138
Conduent, Inc.(b)
 
53,877
93,207
Energy Recovery, Inc.(b)
 
7,537
61,578
Innovative Solutions and Support, Inc.(b)(c)
 
3,034
52,306
Kornit Digital Ltd. (Israel)(b)
 
5,146
83,005
Lyft, Inc., Class A(b)(c)
 
5,722
80,738
MillerKnoll, Inc.
 
3,907
63,215
Stratasys Ltd.(b)
 
8,169
86,101
TTEC Holdings, Inc.(b)(c)
 
31,464
85,582
 
 
903,462
Information Technology-39.14%
8x8, Inc.(b)
 
36,762
76,097
Aehr Test Systems(b)(c)
 
2,104
194,262
Agora, Inc., ADR (China)(b)
 
16,847
69,073
Allegro MicroSystems, Inc.(b)(c)
 
2,157
103,256
Allot Ltd. (Israel)(b)
 
12,432
101,445
Alpha & Omega Semiconductor Ltd.(b)
 
3,749
170,017
Amkor Technology, Inc.
 
1,646
114,496
Arbe Robotics Ltd. (Israel)(b)(c)
 
95,671
105,238
AudioEye, Inc.(b)(c)
 
11,534
88,581
Aurora Innovation, Inc.(b)(c)
 
16,831
123,540
Aviat Networks, Inc.(b)(c)
 
3,137
55,745
Axcelis Technologies, Inc.(b)(c)
 
955
143,642
AXT, Inc.(b)(c)
 
2,080
214,573
Canadian Solar, Inc. (Canada)(b)(c)
 
4,441
84,335
Cirrus Logic, Inc.(b)
 
558
94,832
Cognex Corp.
 
1,450
95,483
Cohu, Inc.(b)(c)
 
2,610
137,678
Commvault Systems, Inc.(b)(c)
 
927
110,081
Digimarc Corp.(b)(c)
 
17,886
262,924
Diodes, Inc.(b)
 
1,155
121,645
Dropbox, Inc., Class A(b)(c)
 
3,147
84,591
Entegris, Inc.
 
595
82,580
Everspin Technologies, Inc.(b)(c)
 
7,306
192,732
GSI Technology, Inc.(b)(c)
 
9,658
95,856
Himax Technologies, Inc., ADR (Taiwan)
 
10,818
222,526
Immersion Corp.
 
12,874
83,424
Innoviz Technologies Ltd. (Israel)(b)(c)
 
92,238
70,387
InterDigital, Inc.
 
215
54,199
IPG Photonics Corp.(b)
 
598
68,483
Itron, Inc.(b)
 
844
69,613
Kopin Corp.(b)(c)
 
35,641
203,510
 
Shares
Value
Information Technology-(continued)
Kulicke & Soffa Industries, Inc. (Singapore)
 
1,129
$115,034
Lantronix, Inc.(b)(c)
 
13,235
99,924
Lattice Semiconductor Corp.(b)
 
826
121,488
Littelfuse, Inc.
 
224
104,579
MaxLinear, Inc.(b)
 
4,523
420,322
MicroVision, Inc.(b)(c)
 
100,716
61,104
Mitek Systems, Inc.(b)(c)
 
5,394
92,669
MKS, Inc.
 
324
105,060
NETGEAR, Inc.(b)
 
3,820
99,282
nLight, Inc.(b)
 
1,403
103,990
Open Text Corp. (Canada)
 
3,176
75,716
Power Integrations, Inc.
 
1,643
138,012
Qorvo, Inc.(b)
 
949
98,278
Rambus, Inc.(b)
 
792
115,204
Rapid7, Inc.(b)(c)
 
12,647
105,982
Ribbon Communications, Inc.(b)(c)
 
35,277
108,653
Semtech Corp.(b)
 
875
133,473
Silicon Laboratories, Inc.(b)
 
385
83,776
Silicon Motion Technology Corp., ADR (Taiwan)
 
609
168,614
Skyworks Solutions, Inc.
 
1,321
102,840
SolarEdge Technologies, Inc.(b)(c)
 
2,226
169,955
Synaptics, Inc.(b)(c)
 
966
132,612
Turtle Beach Corp.(b)
 
6,274
81,813
Universal Display Corp.
 
737
67,892
Veeco Instruments, Inc.(b)(c)
 
2,578
148,596
Viasat, Inc.(b)
 
1,720
138,666
Viavi Solutions, Inc.(b)(c)
 
2,652
128,781
Vistance Networks, Inc.(b)
 
9,213
114,978
Vuzix Corp.(b)(c)
 
27,221
125,217
Xerox Holdings Corp.(c)
 
43,921
142,304
 
 
7,399,658
Materials-1.32%
Arq, Inc.(b)
 
22,412
61,857
Bioceres Crop Solutions Corp. (Argentina)(b)
 
140,482
62,641
Innospec, Inc.
 
1,027
85,179
Mercer International, Inc. (Germany)(c)
 
43,704
40,645
 
 
250,322
Total Common Stocks & Other Equity Interests
(Cost $14,822,924)
18,893,036
Money Market Funds-0.02%
Invesco Government & Agency Portfolio,
Institutional Class, 3.53%(e)(f)
(Cost $3,422)
 
3,422
3,422
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from
securities on loan)-99.95%
(Cost $14,826,346)
18,896,458
Investments Purchased with Cash Collateral from Securities
on Loan
Money Market Funds-31.13%
Invesco Private Government Fund,
3.58%(e)(f)(g)
 
1,583,656
1,583,656
See accompanying notes which are an integral part of this schedule.

Invesco NASDAQ Future Gen 200 ETF (QQQS)—(continued)
May 31, 2026
(Unaudited)
 
Shares
Value
Money Market Funds-(continued)
Invesco Private Prime Fund, 3.75%(e)(f)(g)
 
4,300,086
$4,300,946
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $5,884,491)
5,884,602
TOTAL INVESTMENTS IN SECURITIES-131.08%
(Cost $20,710,837)
24,781,060
OTHER ASSETS LESS LIABILITIES-(31.08)%
(5,875,866
)
NET ASSETS-100.00%
$18,905,194
Investment Abbreviations:
ADR
-American Depositary Receipt
Rts.
-Rights
Notes to Schedule of Investments:
(a)
Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
(b)
Non-income producing security.
(c)
All or a portion of this security was out on loan at May 31, 2026.
(d)
Security valued using significant unobservable inputs (Level 3). See Note1.
(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, 2026.
 
Value
August 31, 2025
Purchases
at Cost
Proceeds
from Sales
Change in
Unrealized
Appreciation
Realized
Gain
(Loss)
Value
May 31, 2026
Dividend Income
Investments in Affiliated
Money Market Funds:
Invesco Government & Agency
Portfolio, Institutional Class
$3,217
$611,660
$(611,455
)
$-
$-
$3,422
$349
Investments Purchased with
Cash Collateral from
Securities on Loan:
Invesco Private Government
Fund
368,246
5,238,291
(4,022,881
)
-
-
1,583,656
26,708
*
Invesco Private Prime Fund
958,237
11,218,124
(7,875,079
)
51
(387
)
4,300,946
71,727
*
Total
$1,329,700
$17,068,075
$(12,509,415
)
$51
$(387
)
$5,888,024
$98,784
*
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, 2026.
(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 NASDAQ Next Gen 100 ETF (QQQJ)
May 31, 2026
(Unaudited)
 
Shares
Value
Common Stocks & Other Equity Interests-99.97%
Communication Services-6.10%
AST SpaceMobile, Inc.(b)(c)
 
146,637
$16,630,102
Baidu, Inc., ADR (China)(b)(c)
 
56,634
7,663,146
Fox Corp., Class A
 
103,661
6,626,011
Fox Corp., Class B
 
115,932
6,653,337
Liberty Media Corp.-Liberty Formula
One(b)
 
115,572
10,492,782
Liberty Media Corp.-Liberty Formula
One(b)(c)
 
12,417
1,042,780
News Corp., Class A
 
191,240
4,991,364
News Corp., Class B(c)
 
95,734
2,854,788
Paramount Skydance Corp.(c)
 
557,934
5,919,680
Trade Desk, Inc. (The), Class A(b)(c)
 
223,610
4,821,032
 
 
67,695,022
Consumer Discretionary-10.36%
Domino’s Pizza, Inc.
 
17,369
5,394,464
DraftKings, Inc., Class A(b)
 
254,423
6,230,819
eBay, Inc.
 
231,281
25,272,075
Expedia Group, Inc.
 
60,323
13,620,330
H World Group Ltd., ADR (China)(c)
 
70,699
3,173,678
JD.com, Inc., ADR (China)(c)
 
246,755
7,113,947
Liberty Live Holdings, Inc., Class A(b)(c)
 
13,133
1,264,971
Liberty Live Holdings, Inc., Class C(b)(c)
 
32,964
3,266,732
lululemon athletica, Inc.(b)(c)
 
57,953
7,602,275
Rivian Automotive, Inc., Class A(b)(c)
 
637,841
10,396,808
Tractor Supply Co.
 
271,387
8,556,832
Trip.com Group Ltd., ADR (China)(b)(c)
 
127,136
6,030,061
Ulta Beauty, Inc.(b)
 
22,894
11,649,612
Wynn Resorts Ltd.(c)
 
53,706
5,436,121
 
 
115,008,725
Consumer Staples-3.91%
Casey’s General Stores, Inc.
 
19,146
14,687,663
Dollar Tree, Inc.(b)(c)
 
102,523
11,937,778
Kimberly-Clark Corp.
 
171,379
16,726,590
 
 
43,352,031
Energy-1.04%
Expand Energy Corp.
 
124,101
11,538,911
Financials-2.41%
Affirm Holdings, Inc.(b)(c)
 
150,975
11,119,309
Fiserv, Inc.(b)
 
276,082
15,615,198
 
 
26,734,507
Health Care-18.70%
argenx SE, ADR (Netherlands)(b)
 
14,645
12,243,074
Ascendis Pharma A/S (Denmark)(b)
 
31,756
7,116,837
Biogen, Inc.(b)
 
75,778
14,852,488
BioNTech SE, ADR (Germany)(b)(c)
 
58,878
5,649,344
BridgeBio Pharma, Inc.(b)(c)
 
100,085
6,631,632
Cooper Cos., Inc. (The)(b)
 
100,712
6,164,582
Guardant Health, Inc.(b)
 
67,716
8,782,088
ICON PLC(b)
 
39,452
5,368,234
Illumina, Inc.(b)
 
78,851
12,849,559
Incyte Corp.(b)
 
102,660
9,931,328
Insulet Corp.(b)
 
36,374
5,272,048
Ionis Pharmaceuticals, Inc.(b)(c)
 
85,316
6,526,674
Madrigal Pharmaceuticals, Inc.(b)(c)
 
11,857
5,896,130
Medpace Holdings, Inc.(b)
 
14,661
6,555,080
Natera, Inc.(b)
 
73,183
16,346,887
Neurocrine Biosciences, Inc.(b)
 
51,777
8,196,299
Revolution Medicines, Inc.(b)
 
102,328
16,114,613
 
Shares
Value
Health Care-(continued)
Roivant Sciences Ltd.(b)
 
369,154
$11,070,928
Royalty Pharma PLC, Class A(c)
 
220,975
12,321,566
Sanofi S.A., ADR
 
126,350
5,517,705
Summit Therapeutics, Inc.(b)(c)
 
400,245
7,020,297
Tempus AI, Inc.(b)(c)
 
89,735
4,528,925
United Therapeutics Corp.(b)
 
22,597
12,582,462
 
 
207,538,780
Industrials-12.82%
AeroVironment, Inc.(b)(c)
 
25,777
5,342,025
C.H. Robinson Worldwide, Inc.
 
61,250
10,942,312
Elbit Systems Ltd. (Israel)
 
23,940
21,088,507
FTAI Aviation Ltd.(c)
 
52,876
13,765,738
Grab Holdings Ltd., Class A (Singapore)(b)
 
2,047,035
7,246,504
J.B. Hunt Transport Services, Inc.
 
48,853
13,504,435
Kratos Defense & Security Solutions,
Inc.(b)
 
95,379
6,116,655
Lincoln Electric Holdings, Inc.
 
28,248
7,301,826
Nextpower, Inc., Class A(b)
 
76,570
11,975,548
Nordson Corp.
 
28,818
8,280,276
Ryanair Holdings PLC, ADR (Italy)(c)
 
111,041
6,749,072
United Airlines Holdings, Inc.(b)
 
166,983
19,169,648
Woodward, Inc.
 
30,724
10,754,322
 
 
142,236,868
Information Technology-39.05%
Akamai Technologies, Inc.(b)
 
74,801
11,185,742
Astera Labs, Inc.(b)
 
87,885
30,131,372
CDW Corp.
 
66,593
8,354,092
Check Point Software Technologies Ltd.
(Israel)(b)
 
55,415
7,483,796
CoreWeave, Inc., Class A(b)(c)
 
228,680
25,047,320
Credo Technology Group Holding Ltd.(b)
 
89,311
21,080,075
DocuSign, Inc.(b)
 
103,444
5,432,879
F5, Inc.(b)
 
29,155
11,179,485
First Solar, Inc.(b)
 
55,391
16,993,405
Flex Ltd.(b)
 
189,801
28,618,195
Gen Digital, Inc.(c)
 
312,378
8,056,229
GLOBALFOUNDRIES, Inc.(b)(c)
 
286,964
22,948,511
IREN Ltd. (Australia)(b)(c)
 
171,413
10,891,582
Logitech International S.A., Class R
(Switzerland)(c)
 
75,690
9,224,340
MACOM Technology Solutions Holdings,
Inc.(b)
 
38,738
14,125,424
MongoDB, Inc.(b)
 
42,019
14,099,475
Nebius Group N.V., Class A
(Netherlands)(b)(c)
 
113,294
26,181,111
NetApp, Inc.
 
101,872
17,755,271
Nutanix, Inc., Class A(b)
 
139,577
7,267,774
Okta, Inc.(b)(c)
 
87,420
10,776,263
ON Semiconductor Corp.(b)
 
203,396
24,533,626
PTC, Inc.(b)(c)
 
61,359
8,512,334
SS&C Technologies Holdings, Inc.
 
124,570
8,410,966
Super Micro Computer, Inc.(b)(c)
 
309,292
14,255,268
Teradyne, Inc.
 
80,820
30,251,734
Trimble, Inc.(b)
 
120,716
6,809,590
VeriSign, Inc.
 
47,337
13,509,033
Zebra Technologies Corp., Class A(b)
 
25,397
6,187,471
Zoom Communications, Inc., Class A(b)
 
137,322
13,950,542
 
 
433,252,905
See accompanying notes which are an integral part of this schedule.

Invesco NASDAQ Next Gen 100 ETF (QQQJ)—(continued)
May 31, 2026
(Unaudited)
 
Shares
Value
Materials-2.64%
Royal Gold, Inc.
 
43,754
$9,821,898
Steel Dynamics, Inc.
 
74,787
19,455,838
 
 
29,277,736
Real Estate-0.38%
Zillow Group, Inc., Class A(b)(c)
 
23,586
834,001
Zillow Group, Inc., Class C(b)
 
97,021
3,395,735
 
 
4,229,736
Utilities-2.56%
Alliant Energy Corp.(c)
 
132,566
9,493,051
Evergy, Inc.(c)
 
118,721
9,739,871
Talen Energy Corp.(b)
 
23,589
9,124,225
 
 
28,357,147
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.97%
(Cost $865,996,475)
1,109,222,368
 
Shares
Value
Investments Purchased with Cash Collateral from Securities
on Loan
Money Market Funds-18.73%
Invesco Private Government Fund,
3.58%(d)(e)(f)
 
56,756,104
$56,756,104
Invesco Private Prime Fund, 3.75%(d)(e)(f)
 
150,994,350
151,024,549
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $207,775,858)
207,780,653
TOTAL INVESTMENTS IN SECURITIES-118.70%
(Cost $1,073,772,333)
1,317,003,021
OTHER ASSETS LESS LIABILITIES-(18.70)%
(207,468,563
)
NET ASSETS-100.00%
$1,109,534,458
Investment Abbreviations:
ADR
-American Depositary Receipt
Notes to Schedule of Investments:
(a)
Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
(b)
Non-income producing security.
(c)
All or a portion of this security was out on loan at May 31, 2026.
(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, 2026.
 
Value
August 31, 2025
Purchases
at Cost
Proceeds
from Sales
Change in
Unrealized
Appreciation
Realized
Gain
(Loss)
Value
May 31, 2026
Dividend Income
Investments in
Affiliated Money Market
Funds:
Invesco Government &
Agency Portfolio,
Institutional Class
$-
$9,230,495
$(9,230,495
)
$-
$-
$-
$10,233
Investments Purchased
with Cash Collateral
from Securities on
Loan:
Invesco Private
Government Fund
24,344,293
370,103,143
(337,691,332
)
-
-
56,756,104
973,547
*
Invesco Private Prime
Fund
64,666,970
688,529,124
(602,157,908
)
630
(14,267
)
151,024,549
2,618,821
*
Total
$89,011,263
$1,067,862,762
$(949,079,735
)
$630
$(14,267
)
$207,780,653
$3,602,601
*
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, 2026.
(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 QQQ Equal Weight ETF (QEW)
May 31, 2026
(Unaudited)
 
Shares
Value
Common Stocks & Other Equity Interests-99.73%
Communication Services-7.28%
Alphabet, Inc., Class A, (Acquired 03/16/2026 -
05/22/2026; Cost $150,077)(b)
 
405
$154,038
Alphabet, Inc., Class C, (Acquired 03/16/2026 -
05/22/2026; Cost $150,775)(b)
 
410
154,336
Charter Communications, Inc., Class A(c)
 
1,150
165,658
Comcast Corp., Class A
 
8,410
209,157
Electronic Arts, Inc.
 
1,220
246,098
Meta Platforms, Inc., Class A
 
410
259,329
Netflix, Inc.(c)
 
2,660
228,813
Take-Two Interactive Software, Inc.(c)
 
1,217
272,803
T-Mobile US, Inc.
 
1,170
219,410
Warner Bros. Discovery, Inc.(c)
 
8,900
240,389
 
 
2,150,031
Consumer Discretionary-9.73%
Airbnb, Inc., Class A(c)
 
1,900
253,289
Amazon.com, Inc.(c)
 
1,190
322,061
Booking Holdings, Inc.
 
1,410
236,076
DoorDash, Inc., Class A(c)
 
1,560
248,492
Marriott International, Inc., Class A
 
763
286,583
MercadoLibre, Inc. (Brazil)(c)
 
149
252,652
O’Reilly Automotive, Inc.(c)
 
2,800
243,264
PDD Holdings, Inc., ADR (China)(c)
 
2,540
214,478
Ross Stores, Inc.
 
1,155
267,648
Starbucks Corp.
 
2,630
260,791
Tesla, Inc.(c)
 
663
288,929
 
 
2,874,263
Consumer Staples-6.96%
Coca-Cola Europacific Partners PLC (United
Kingdom)
 
2,660
241,235
Costco Wholesale Corp.
 
251
240,036
Keurig Dr Pepper, Inc.
 
9,160
275,075
Kraft Heinz Co. (The)
 
11,310
271,553
Mondelez International, Inc., Class A
 
4,340
265,478
Monster Beverage Corp.(c)
 
3,310
291,545
PepsiCo, Inc.
 
1,621
233,732
Walmart, Inc.
 
2,050
237,288
 
 
2,055,942
Energy-1.69%
Baker Hughes Co., Class A
 
4,040
258,075
Diamondback Energy, Inc.
 
1,270
243,180
 
 
501,255
Financials-0.84%
PayPal Holdings, Inc.
 
5,550
248,362
Health Care-7.75%
Alnylam Pharmaceuticals, Inc.(c)
 
780
235,544
Amgen, Inc.
 
700
235,753
Dexcom, Inc.(c)
 
3,650
269,151
GE HealthCare Technologies, Inc.
 
3,500
218,190
Gilead Sciences, Inc.
 
1,780
239,286
IDEXX Laboratories, Inc.(c)
 
423
238,373
Insmed, Inc.(c)
 
1,790
191,369
Intuitive Surgical, Inc.(c)
 
510
216,566
Regeneron Pharmaceuticals, Inc.
 
333
204,722
Vertex Pharmaceuticals, Inc.(c)
 
537
240,329
 
 
2,289,283
Industrials-11.01%
Automatic Data Processing, Inc.
 
1,170
259,553
Axon Enterprise, Inc.(c)
 
490
219,873
 
Shares
Value
Industrials-(continued)
Cintas Corp.
 
1,360
$232,914
Copart, Inc.(c)
 
7,430
243,481
CSX Corp.
 
6,390
289,211
Fastenal Co.
 
5,570
246,194
Ferrovial N.V.
 
3,950
268,640
Honeywell International, Inc.
 
1,100
261,646
Old Dominion Freight Line, Inc.
 
1,330
299,449
PACCAR, Inc.
 
2,190
241,710
Paychex, Inc.
 
2,640
256,027
Thomson Reuters Corp. (Canada)
 
2,561
221,552
Verisk Analytics, Inc.
 
1,210
211,738
 
 
3,251,988
Information Technology-50.29%
Adobe, Inc.(c)
 
980
254,026
Advanced Micro Devices, Inc.(c)
 
1,212
625,513
Analog Devices, Inc.
 
790
326,941
Apple, Inc.
 
984
307,067
Applied Materials, Inc.
 
683
307,391
AppLovin Corp., Class A(c)
 
550
337,199
ARM Holdings PLC, ADR(c)
 
1,844
651,467
ASML Holding N.V., New York Shares
(Netherlands)
 
185
298,361
Autodesk, Inc.(c)
 
984
227,609
Broadcom, Inc.
 
786
351,161
Cadence Design Systems, Inc.(c)
 
860
322,440
Cisco Systems, Inc.
 
3,140
378,119
Cognizant Technology Solutions Corp., Class A
 
3,930
219,117
CrowdStrike Holdings, Inc., Class A(c)
 
597
436,407
Datadog, Inc., Class A(c)
 
1,950
482,332
Fortinet, Inc.(c)
 
2,997
413,496
Intel Corp.(c)
 
5,560
637,621
Intuit, Inc.
 
536
177,700
KLA Corp.
 
163
313,239
Lam Research Corp.
 
1,070
340,453
Lumentum Holdings, Inc.(c)
 
192
164,152
Marvell Technology, Inc.
 
2,776
569,080
Microchip Technology, Inc.
 
3,880
367,242
Micron Technology, Inc.
 
577
560,267
Microsoft Corp.
 
640
288,154
Monolithic Power Systems, Inc.
 
228
357,096
NVIDIA Corp.
 
1,410
297,707
NXP Semiconductors N.V. (Netherlands)
 
1,276
410,043
Palantir Technologies, Inc., Class A(c)
 
1,620
253,595
Palo Alto Networks, Inc.(c)
 
1,497
421,690
QUALCOMM, Inc.
 
1,880
471,917
Roper Technologies, Inc.
 
690
224,616
Sandisk Corp.(c)
 
240
406,795
Seagate Technology Holdings PLC
 
593
521,721
Shopify, Inc., Class A (Canada)(c)
 
2,090
248,104
Strategy, Inc., Class A(c)
 
1,798
286,044
Synopsys, Inc.(c)
 
580
275,860
Texas Instruments, Inc.
 
1,304
398,607
Western Digital Corp.
 
832
441,967
Workday, Inc., Class A(c)
 
1,800
263,142
Zscaler, Inc.(c)
 
1,610
224,965
 
 
14,860,423
Materials-0.84%
Linde PLC
 
500
248,845
Utilities-3.34%
American Electric Power Co., Inc.
 
1,942
245,993
Constellation Energy Corp.
 
866
249,192
See accompanying notes which are an integral part of this schedule.

Invesco QQQ Equal Weight ETF (QEW)—(continued)
May 31, 2026
(Unaudited)
 
Shares
Value
Utilities-(continued)
Exelon Corp.
 
5,250
$239,610
Xcel Energy, Inc.
 
3,180
252,810
 
 
987,605
Total Common Stocks & Other Equity Interests
(Cost $28,038,079)
29,467,997
Money Market Funds-0.25%
Invesco Government & Agency Portfolio,
Institutional Class, 3.53%(d)(e)
(Cost $73,108)
 
73,108
73,108
TOTAL INVESTMENTS IN SECURITIES-99.98%
(Cost $28,111,187)
29,541,105
OTHER ASSETS LESS LIABILITIES-0.02%
4,840
NET ASSETS-100.00%
$29,545,945
Investment Abbreviations:
ADR
-American Depositary Receipt
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)
Restricted security. The aggregate value of these securities at May 31, 2026 was $308,374, which represented 1.04% of the Fund’s Net Assets.
(c)
Non-income producing security.
(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 period ended May 31, 2026.
 
Value
August 31, 2025
Purchases
at Cost
Proceeds
from Sales
Change in
Unrealized
Appreciation
Realized
Gain
Value
May 31, 2026
Dividend Income
Investments in Affiliated Money
Market Funds:
Invesco Government & Agency
Portfolio, Institutional Class
$-
$91,427
$(18,319
)
$-
$-
$73,108
$114
(e)
The rate shown is the 7-day SEC standardized yield as of May 31, 2026.
The valuation policy and a listing of other significant accounting policies are available in the most recent Statement of Additional Information.
See accompanying notes which are an integral part of this schedule.

Schedule of Investments(a)
Invesco QQQ Low Volatility ETF (QQLV)
May 31, 2026
(Unaudited)
 
Shares
Value
Common Stocks & Other Equity Interests-99.87%
Communication Services-3.04%
Comcast Corp., Class A
 
2,690
$66,900
Consumer Discretionary-8.34%
O’Reilly Automotive, Inc.(b)
 
1,029
89,400
Ross Stores, Inc.
 
406
94,082
 
 
183,482
Consumer Staples-31.10%
Coca-Cola Europacific Partners PLC (United
Kingdom)
 
888
80,533
Costco Wholesale Corp.
 
96
91,807
Keurig Dr Pepper, Inc.
 
2,646
79,459
Kraft Heinz Co. (The)
 
3,418
82,066
Mondelez International, Inc., Class A
 
1,559
95,364
Monster Beverage Corp.(b)
 
1,115
98,209
PepsiCo, Inc.
 
557
80,314
Walmart, Inc.
 
660
76,395
 
 
684,147
Industrials-30.71%
Automatic Data Processing, Inc.
 
445
98,719
Cintas Corp.
 
495
84,774
Copart, Inc.(b)
 
2,121
69,505
CSX Corp.
 
2,129
96,358
Fastenal Co.
 
1,747
77,217
Ferrovial N.V.
 
1,195
81,272
Honeywell International, Inc.
 
352
83,727
Paychex, Inc.
 
867
84,082
 
 
675,654
 
Shares
Value
Information Technology-7.77%
Microsoft Corp.
 
204
$91,849
Roper Technologies, Inc.
 
243
79,104
 
 
170,953
Materials-4.86%
Linde PLC
 
215
107,003
Utilities-14.05%
American Electric Power Co., Inc.
 
837
106,023
Exelon Corp.
 
2,214
101,047
Xcel Energy, Inc.
 
1,282
101,919
 
 
308,989
Total Common Stocks & Other Equity Interests
(Cost $2,289,033)
2,197,128
Money Market Funds-0.03%
Invesco Government & Agency Portfolio,
Institutional Class, 3.53%(c)(d)
(Cost $685)
 
685
685
TOTAL INVESTMENTS IN SECURITIES-99.90%
(Cost $2,289,718)
2,197,813
OTHER ASSETS LESS LIABILITIES-0.10%
2,117
NET ASSETS-100.00%
$2,199,930
Notes to Schedule of Investments:
(a)
Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
(b)
Non-income producing security.
(c)
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, 2026.
 
Value
August 31, 2025
Purchases
at Cost
Proceeds
from Sales
Change in
Unrealized
Appreciation
(Depreciation)
Realized
Gain
Value
May 31, 2026
Dividend Income
Investments in Affiliated Money
Market Funds:
Invesco Government & Agency
Portfolio, Institutional Class
$-
$57,176
$(56,491
)
$-
$-
$685
$79
Investments Purchased with
Cash Collateral from Securities
on Loan:
Invesco Private Government Fund
94,026
336,989
(431,015
)
-
-
-
119
*
Invesco Private Prime Fund
244,597
553,742
(798,339
)
(10
)
10
-
308
*
Total
$338,623
$947,907
$(1,285,845
)
$(10
)
$10
$685
$506
*
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, 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 Schedules of Portfolio Holdings
May 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. 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, 2026, for each Fund (except for Invesco QQQ Equal Weight ETF and Invesco QQQ Low Volatility ETF). As of May 31, 2026, all of the securities in Invesco QQQ Equal Weight ETF and Invesco QQQ Low Volatility ETF were valued based on Level 1 inputs (see the Schedules of Investments for security categories). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.
 
Level 1
Level 2
Level 3
Total
Invesco ESG NASDAQ 100 ETF
Investments in Securities
Common Stocks & Other Equity Interests
$211,876,532
$-
$-
$211,876,532
Money Market Funds
88,597
190,235
-
278,832
Total Investments
$211,965,129
$190,235
$-
$212,155,364
Invesco NASDAQ 100 ETF
Investments in Securities
Common Stocks & Other Equity Interests
$97,000,851,808
$-
$-
$97,000,851,808
Money Market Funds
114,261,336
308,156,385
-
422,417,721
Total Investments in Securities
97,115,113,144
308,156,385
-
97,423,269,529
Other Investments - Assets*
Futures Contracts
26,471,428
-
-
26,471,428
Total Investments
$97,141,584,572
$308,156,385
$-
$97,449,740,957
Invesco NASDAQ Future Gen 200 ETF
Investments in Securities
Common Stocks & Other Equity Interests
$18,889,308
$-
$3,728
$18,893,036
Money Market Funds
3,422
5,884,602
-
5,888,024
Total Investments
$18,892,730
$5,884,602
$3,728
$24,781,060
Invesco NASDAQ Next Gen 100 ETF
Investments in Securities
Common Stocks & Other Equity Interests
$1,109,222,368
$-
$-
$1,109,222,368
Money Market Funds
-
207,780,653
-
207,780,653
Total Investments
$1,109,222,368
$207,780,653
$-
$1,317,003,021
*
Unrealized appreciation (depreciation).