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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Chevron Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Murphy Oil Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Rayonier Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AT&amp;T Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Kite Realty Group Trust</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Scotts Miracle-Gro Co. (The)</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Independence Realty Trust, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Bristol-Myers Squibb Co.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>American Tower Corp.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Host Hotels &amp; Resorts, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Molson Coors Beverage Co.</name>
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        <title>Molson Coors Beverage Co., Class B</title>
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        <fairValLevel>1</fairValLevel>
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        <name>J. M. Smucker Co. (The)</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Sonoco Products Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Fidelity National Financial, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Dominion Energy, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Prudential Financial, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Target Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Cousins Properties Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Comcast Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BXP, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Kimberly-Clark Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Extra Space Storage Inc.</name>
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        <title>Extra Space Storage Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Agree Realty Corp.</name>
        <lei>98450090H010B37OEB68</lei>
        <title>Agree Realty Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Kinder Morgan, Inc.</name>
        <lei>549300WR7IX8XE0TBO16</lei>
        <title>Kinder Morgan, Inc.</title>
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        <name>Chord Energy Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Antero Midstream Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Simon Property Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Sirius XM Holdings Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Essex Property Trust, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>COPT Defense Properties</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Camden Property Trust</name>
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        <fairValLevel>1</fairValLevel>
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        <name>H&amp;R Block, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PepsiCo, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Regency Centers Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Hormel Foods Corp.</name>
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        <name>Invesco Private Prime Fund</name>
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        <name>KeyCorp</name>
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        <name>T. Rowe Price Group, Inc.</name>
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        <name>Black Hills Corp.</name>
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        <name>Lamar Advertising Co.</name>
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        <name>Spire Inc.</name>
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        <name>Truist Financial Corp.</name>
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        <name>Mid-America Apartment Communities, Inc.</name>
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        <name>Polaris Inc.</name>
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        <name>Federal Realty Investment Trust</name>
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        <name>Invesco Government &amp; Agency Portfolio</name>
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        <fairValLevel>1</fairValLevel>
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        <name>International Paper Co.</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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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>UGI Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Portland General Electric Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Kimco Realty Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Nexstar Media Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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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>
