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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Franklin Electric Co., Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AZZ Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Primoris Services Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Construction Partners, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Paycom Software, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Karman Holdings Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Pitney Bowes Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Allegiant Travel Co.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Lindsay Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>JetBlue Airways Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Powell Industries, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>SkyWest, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Amentum Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Millerknoll, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Boise Cascade Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>First Advantage Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Gates Industrial Corp Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Insperity, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Lyft, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Willscot Holdings Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Kennametal Inc.</name>
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        <title>Kennametal Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Zurn Elkay Water Solutions Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Liquidity Services, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Korn Ferry</name>
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        <title>Korn Ferry</title>
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        <name>CoreCivic, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Mercury Systems, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>HNI Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Sunrun Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ManpowerGroup Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Schneider National, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Federal Signal Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Proto Labs, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Worthington Enterprises, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Enerpac Tool Group Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>LegalZoom.com, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>VSE Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ESCO Technologies Inc.</name>
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        <name>Werner Enterprises, Inc.</name>
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        <name>National Presto Industries, Inc.</name>
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        <name>Robert Half Inc.</name>
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        <name>Marten Transport, Ltd.</name>
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        <name>Albany International Corp.</name>
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        <name>OPENLANE, Inc.</name>
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        <name>RXO, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <title>Matson, Inc.</title>
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        <name>Hub Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Quanex Building Products Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>EnPro Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Heartland Express, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Arcosa, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Alamo Group Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ABM Industries Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Armstrong World Industries, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>DNOW Inc.</name>
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        <name>ArcBest Corp.</name>
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        <name>Tutor Perini Corp.</name>
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        <name>Vestis Corp.</name>
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        <name>AAR Corp.</name>
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        <name>Standex International Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Mueller Water Products, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Brady Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>UniFirst Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Resideo Technologies, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Invesco Government &amp; Agency Portfolio</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Casella Waste Systems, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Apogee Enterprises, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Verra Mobility Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>JBT Marel Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>MYR Group Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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    <signature>
      <ncom:dateSigned>2026-09-30</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>
