0001209466 2024-03-21 2024-03-21 0001209466 ck0001209466:S000060806Member 2024-03-21 2024-03-21 0001209466 ck0001209466:S000060806Member ck0001209466:C000197622Member 2024-03-21 2024-03-21 0001209466 ck0001209466:S000060806Member rr:RiskLoseMoneyMember 2024-03-21 2024-03-21 0001209466 ck0001209466:S000060806Member ck0001209466:MarketRiskMember 2024-03-21 2024-03-21 0001209466 ck0001209466:S000060806Member ck0001209466:IndexRiskMember 2024-03-21 2024-03-21 0001209466 ck0001209466:S000060806Member ck0001209466:EquityRiskMember 2024-03-21 2024-03-21 0001209466 ck0001209466:S000060806Member ck0001209466:MidCapitalizationCompanyRiskMember 2024-03-21 2024-03-21 0001209466 ck0001209466:S000060806Member ck0001209466:REITRiskMember 2024-03-21 2024-03-21 0001209466 ck0001209466:S000060806Member ck0001209466:InvestmentsInBDCsRiskMember 2024-03-21 2024-03-21 0001209466 ck0001209466:S000060806Member ck0001209466:IndustryConcentrationRiskMember 2024-03-21 2024-03-21 0001209466 ck0001209466:S000060806Member ck0001209466:IssuerSpecificChangesRiskMember 2024-03-21 2024-03-21 0001209466 ck0001209466:S000060806Member ck0001209466:PortfolioTurnoverRiskMember 2024-03-21 2024-03-21 0001209466 ck0001209466:S000060806Member ck0001209466:NonCorrelationRiskMember 2024-03-21 2024-03-21 0001209466 ck0001209466:S000060806Member ck0001209466:AuthorizedParticipantConcentrationRiskMember 2024-03-21 2024-03-21 0001209466 ck0001209466:S000060806Member ck0001209466:MarketTradingRiskMember 2024-03-21 2024-03-21 0001209466 ck0001209466:S000060806Member ck0001209466:OperationalRiskMember 2024-03-21 2024-03-21 0001209466 ck0001209466:S000060806Member ck0001209466:SharesMayTradeAtPricesDifferentThanNAVMember 2024-03-21 2024-03-21 0001209466 ck0001209466:S000060806Member rr:AfterTaxesOnDistributionsMember ck0001209466:C000197622Member 2024-03-21 2024-03-21 0001209466 ck0001209466:S000060806Member rr:AfterTaxesOnDistributionsAndSalesMember ck0001209466:C000197622Member 2024-03-21 2024-03-21 0001209466 ck0001209466:S000060806Member ck0001209466:index_Bloomberg_ANR_Improvers_Index_reflects_no_deduction_for_fees_expenses_or_taxesMember 2024-03-21 2024-03-21 0001209466 ck0001209466:S000060806Member ck0001209466:index_Raymond_James_SB1_Equity_Index_reflects_no_deduction_for_fees_expenses_or_taxesMember 2024-03-21 2024-03-21 0001209466 ck0001209466:S000060806Member ck0001209466:index_SP_MidCap_400_Index_reflects_no_deduction_for_fees_expenses_or_taxesMember 2024-03-21 2024-03-21 pure iso4217:USD 2024-03-21 N-1A Invesco Exchange-Traded Fund Trust 2024-03-25 2024-03-25 UPGD Summary Information Investment Objective <div style="line-height:9.46pt; margin-top:1.54pt; text-align:left"><span style="color:#000000; font-family:Arial; font-size:8.60pt">The Invesco Bloomberg Analyst Rating Improvers ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Bloomberg ANR Improvers Index (the “Underlying Index”).</span></div> Fund Fees and Expenses <div style="line-height:11.0pt; margin-top:1.54pt; text-align:left"><span style="color:#000000; font-family:Arial; font-size:8.60pt">This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund (“Shares”). </span><span style="color:#000000; font-family:Arial Narrow; font-size:10pt; font-weight:bold">You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the table and example below.</span></div> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.004 0 0.004 Effective March 25, 2024, the Fund's management fee was reduced.  “Management Fees” and “Total Annual Fund Operating Expenses” have been restated to reflect current fees. <div style="margin-top:6pt"><span style="color:#000000; font-family:Arial; font-size:8.60pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial; font-size:8.60pt">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other funds.</span><span style="color:#000000; font-family:Arial; font-size:8.60pt; line-height:11pt"> </span></div><div style="line-height:9.46pt; text-align:left"><span style="color:#000000; font-family:Arial; font-size:8.60pt">The example assumes that you invest $10,000 in the Fund for the time periods indicated and then sell all of your Shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. This example does not include brokerage commissions that investors may pay to buy and sell Shares. Although your actual costs may be higher or lower, your costs, based on these assumptions, would be:</span></div> Example. 41 128 224 505 <div style="line-height:11.0pt; text-align:left"><span style="color:#000000; font-family:Arial; font-size:8.60pt; line-height:11pt"> </span><span style="color:#000000; font-family:Arial; font-size:8.60pt">The Fund pays transaction costs, such as commissions, when it purchases and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate will cause the Fund to incur additional transaction costs and may result in higher taxes when Shares are held in a taxable account. These costs, which are not reflected in Total Annual Fund Operating Expenses or in the example, may affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 104% of the average value of its portfolio.</span></div> Portfolio Turnover. 1.04 Principal Investment Strategies <div style="line-height:9.46pt; margin-top:1.54pt; text-align:left"><span style="color:#000000; font-family:Arial; font-size:8.60pt">The Fund generally will invest at least 90% of its total assets in securities that comprise the Underlying Index.</span><span style="color:#000000; font-family:Arial; font-size:8.60pt; line-height:9.46pt"> </span></div> <div style="line-height:9.46pt; margin-top:1.54pt; text-align:left"><span style="color:#000000; font-family:Arial; font-size:8.60pt; line-height:9.46pt; margin-left:15pt"> </span><span style="color:#000000; font-family:Arial; font-size:8.60pt">Bloomberg Index Services Limited (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is comprised of large- and mid-cap U.S. equity securities with the most improved consensus ratings based on data from Bloomberg Analyst Recommendations (“ANR”), an affiliate of the Index Provider. The Index Provider aims to select the 50 companies with the most improved consensus ratings over the previous 12 months.</span><span style="color:#000000; font-family:Arial; font-size:8.60pt; line-height:9.46pt"> </span></div><div style="line-height:9.46pt; margin-top:1.54pt; text-align:left"><span style="color:#000000; font-family:Arial; font-size:8.60pt; margin-left:5.56%">To be eligible for inclusion in the Underlying Index, a security must be </span><span style="color:#000000; font-family:Arial; font-size:8.60pt">included in the Bloomberg U.S. Large Mid Universe, which is a float market-cap-weighted equity benchmark that covers 85% of the market cap of the U.S. equity market. Eligible security types include all listed equities, real estate investment trusts (“REITs”), and certain business development companies (“BDCs”). The Underlying Index excludes securities that do not have sufficient trading volume or analyst ratings. A security must have greater than 10 analysts covering it to be eligible for inclusion in the </span></div><div style="line-height:9.46pt; text-align:left"><span style="color:#000000; font-family:Arial; font-size:8.60pt">Underlying Index. The Index Provider collects recommendations by equity research analysts for various financial institutions to build a proprietary “ANR” score for each company. Using a scale of 1 to 5 (where 1 indicates a strong sell rating and 5 indicates a strong buy rating), the Index Provider determines a consensus rating for each security that represents the average rating of all analysts who updated their recommendation for that security within the last 12 months. To be eligible for inclusion in the Underlying Index, a security must have a consensus rating of less than 4 and greater than 1. Securities that do not have gross margin or net profit margin data for the previous 5 years or that do not have a consensus rating from either 6 or 12 months prior are also excluded.</span><span style="color:#000000; font-family:Arial; font-size:8.60pt; line-height:9.46pt"> </span></div> <div style="line-height:9.46pt; margin-top:1.54pt; text-align:left"><span style="color:#000000; font-family:Arial; font-size:8.60pt; margin-left:5.56%">Securities that satisfy this eligibility criteria are then assigned an “ANR </span><span style="color:#000000; font-family:Arial; font-size:8.60pt">Improvers Score” by the Index Provider. The ANR Improvers Score is equal to the combined improvement in Consensus Rating over the previous 6 months and the previous 12 months. The 50 companies with the highest ANR Improvers Scores are included in the Underlying Index.</span><span style="color:#000000; font-family:Arial; font-size:8.60pt; line-height:9.46pt"> </span></div> <div style="line-height:9.46pt; margin-top:1.54pt; text-align:left"><span style="color:#000000; font-family:Arial; font-size:8.60pt; margin-left:5.56%">Upon completion of the screening process, the Underlying Index </span><span style="color:#000000; font-family:Arial; font-size:8.60pt">components are equally weighted.</span><span style="color:#000000; font-family:Arial; font-size:8.60pt; line-height:9.46pt"> </span></div> <div style="line-height:9.46pt; margin-top:1.54pt; text-align:left"><span style="color:#000000; font-family:Arial; font-size:8.60pt; margin-left:5.56%">The Fund employs a “full replication” methodology in seeking to track </span><span style="color:#000000; font-family:Arial; font-size:8.60pt">the Underlying Index, meaning that the Fund generally invests in all of the securities comprising the Underlying Index in proportion to their weightings in the Underlying Index.</span><span style="color:#000000; font-family:Arial; font-size:8.60pt; line-height:9.46pt"> </span></div><div style="line-height:9.46pt; margin-top:1.54pt; text-align:left"><span style="color:#000000; font-family:Arial; font-size:8.60pt; margin-left:5.56%">As of </span><span style="color:#000000; font-family:Arial; font-size:8.60pt">January 31, 2024, the Underlying Index was comprised of 50</span><span style="color:#000000; font-family:Arial; font-size:8.60pt; line-height:9.46pt"> </span><span style="color:#000000; font-family:Arial; font-size:8.60pt">constituents with market capitalizations ranging from $6.2</span><span style="color:#000000; font-family:Arial; font-size:8.60pt; line-height:9.46pt"> </span><span style="color:#000000; font-family:Arial; font-size:8.60pt">billion to $307.1 billion.</span></div><div style="line-height:9.46pt; margin-top:1.54pt; text-align:left"><span style="color:#000000; font-family:Arial; font-size:8.60pt; font-style:italic; margin-left:5.56%">Concentration Policy. </span><span style="color:#000000; font-family:Arial; font-size:8.60pt">The Fund will concentrate its investments (i.e., invest more than 25% of the value of its net assets) in securities of issuers in any one industry or group of industries only to the extent that the Underlying Index reflects a concentration in that industry or group of industries. The Fund will not otherwise concentrate its investments in securities of issuers in any one industry or group of industries.</span></div> Principal Risks of Investing in the Fund <span style="color:#000000; font-family:Arial; font-size:8.60pt; margin-left:5.56%">The Shares will change in value, and you could lose money by investing </span>in the Fund. <span style="color:#000000; font-family:Arial; font-size:8.60pt; font-style:italic; margin-left:5.56%">Market Risk</span><span style="color:#000000; font-family:Arial; font-size:8.60pt">. Securities in the Underlying Index are subject to market fluctuations. You should anticipate that the value of the Shares will decline, more or less, in correlation with any decline in value of the securities in the Underlying Index. Additionally, natural or environmental disasters, widespread disease or other public health issues, war, military conflicts, acts of terrorism, economic crises or other events could result in increased premiums or discounts to the Fund’s net asset value (“NAV”).</span> <span style="color:#000000; font-family:Arial; font-size:8.60pt; font-style:italic; margin-left:5.56%">Index Risk.</span><span style="color:#000000; font-family:Arial; font-size:8.60pt"> Unlike many investment companies, the Fund does not utilize an investing strategy that seeks returns in excess of the Underlying Index. Therefore, the Fund would not necessarily buy or sell a security unless that security is added or removed, respectively, from the Underlying Index, even if that security generally is underperforming. Additionally, the Fund rebalances its portfolio in accordance with the Underlying Index, and, therefore, any changes to the Underlying Index’s rebalance schedule will result in corresponding changes to the Fund’s rebalance schedule.</span> <span style="color:#000000; font-family:Arial; font-size:8.60pt; font-style:italic; margin-left:5.56%">Equity Risk.</span><span style="color:#000000; font-family:Arial; font-size:8.60pt"> Equity risk is the risk that the value of equity securities, including common stocks, may fall due to both changes in general economic conditions that impact the market as a whole, as well as factors that directly relate to a specific company or its industry. Such general economic conditions include changes in interest rates, periods of market turbulence or instability, or general and prolonged periods of economic decline and cyclical change. It is possible that a drop in the stock market may depress the price of most or all of the common stocks that the Fund </span><span style="color:#000000; font-family:Arial; font-size:8.60pt">holds. In addition, equity risk includes the risk that investor sentiment toward one or more industries will become negative, resulting in those investors exiting their investments in those industries, which could cause a reduction in the value of companies in those industries more broadly. The value of a company's common stock may fall solely because of factors, such as an increase in production costs, that negatively impact other companies in the same region, industry or sector of the market. A company's common stock also may decline significantly in price over a short period of time due to factors specific to that company, including decisions made by its management or lower demand for the company's products or services. For example, an adverse event, such as an unfavorable earnings report or the failure to make anticipated dividend payments, may depress the value of common stock.</span> <span style="color:#000000; font-family:Arial; font-size:8.60pt; font-style:italic; margin-left:5.56%">Mid-Capitalization Company Risk.</span><span style="color:#000000; font-family:Arial; font-size:8.60pt"> Investing in securities of mid-capitalization companies involves greater risk than customarily is associated with investing in larger, more established companies. These companies' securities may be more volatile and less liquid than those of more established companies and may have returns that vary, sometimes significantly, from the overall securities market. Mid-capitalization companies tend to have less experienced management as well as limited product and market diversification and financial resources compared to larger capitalization companies. Often mid-capitalization companies and the industries in which they focus are still evolving and, as a result, they may be more sensitive to changing market conditions.</span> <span style="color:#000000; font-family:Arial; font-size:8.60pt; font-style:italic; margin-left:5.56%">REIT Risk. </span><span style="color:#000000; font-family:Arial; font-size:8.60pt">Real estate investment trusts (“REITs”) are pooled investment vehicles that trade like stocks and invest substantially all of their assets in real estate, and may qualify for special tax considerations. REITs are subject to certain risks inherent in the direct ownership of real estate, including without limitation, a possible lack of mortgage funds and associated interest rate risks, overbuilding, property vacancies, increases in property taxes and operating expenses, changes in zoning laws, losses due to environmental damages and changes in neighborhood values and appeal to purchasers. Further, failure of a company to qualify as a REIT under federal tax law may have adverse consequences to the REIT’s shareholders. In addition, REITs may have expenses, including advisory and administration expenses, and REIT shareholders will incur a proportionate share of the underlying expenses.</span> <span style="color:#000000; font-family:Arial; font-size:8.60pt; font-style:italic; margin-left:5.56%">Investments in BDCs Risk. </span><span style="color:#000000; font-family:Arial; font-size:8.60pt">The Investment Company Act of 1940, as amended (the “1940 Act”) imposes certain restraints upon the operations of a BDC. For example, BDCs are required to invest at least 70% of their total assets primarily in securities of private companies or thinly traded U.S. public companies, cash, cash equivalents, U.S. government securities and high quality debt investments that mature in one year or less. Additionally, a BDC may incur indebtedness only in amounts such that the BDC’s asset coverage equals at least 200% after such incurrence. These limitations on asset mix and leverage may prohibit the way that the BDC raises capital. BDCs generally invest in less mature private companies, which involve greater risk than well established, publicly-traded companies.</span> <span style="color:#000000; font-family:Arial; font-size:8.60pt; font-style:italic; margin-left:5.56%">Industry Concentration Risk</span><span style="color:#000000; font-family:Arial; font-size:8.60pt">. In following its methodology, the Underlying Index from time to time may be concentrated to a significant degree in securities of issuers operating in a single industry or industry group. To the extent that the Underlying Index concentrates in the securities of issuers in a particular industry or industry group, the Fund will also concentrate its investments to approximately the same extent. By concentrating its investments in an industry or industry group, the Fund may face more risks than if it were diversified broadly over numerous industries or industry groups. Such industry-based risks, any of which may adversely affect the companies in which the Fund invests, may include, but are not limited to, the following: general economic conditions or cyclical market patterns that could negatively affect supply and demand in a particular industry; competition for resources; adverse labor relations; political or world events; obsolescence of technologies; and increased competition or new product introductions that may affect the profitability or viability of companies in an </span><span style="color:#000000; font-family:Arial; font-size:8.60pt">industry. In addition, at times, such industry or industry group may be out of favor and underperform other industries or the market as a whole.</span> <span style="color:#000000; font-family:Arial; font-size:8.60pt; font-style:italic; margin-left:5.56%">Issuer-Specific Changes Risk</span><span style="color:#000000; font-family:Arial; font-size:8.60pt">. The value of an individual security or particular type of security may be more volatile than the market as a whole and may perform differently from the value of the market as a whole.</span> <span style="color:#000000; font-family:Arial; font-size:8.60pt; font-style:italic; margin-left:5.56%">Portfolio Turnover Risk. </span><span style="color:#000000; font-family:Arial; font-size:8.60pt">The Fund may engage in frequent trading of its portfolio securities in connection with the rebalancing or adjustment of the Underlying Index. A portfolio turnover rate of 200%, for example, is equivalent to the Fund buying and selling all of its securities two times during the course of a year. A high portfolio turnover rate (such as 100% or more) could result in high brokerage costs for the Fund. While a high portfolio turnover rate can result in an increase in taxable capital gains distributions to the Fund’s shareholders, the Fund will seek to utilize the in-kind creation and redemption mechanism (described below) to minimize the realization of capital gains to the extent possible.</span> <span style="color:#000000; font-family:Arial; font-size:8.60pt; font-style:italic; margin-left:5.56%">Non-Correlation Risk</span><span style="color:#000000; font-family:Arial; font-size:8.60pt">. The Fund's return may not match the return of the Underlying Index for a number of reasons. For example, the Fund incurs operating expenses not applicable to the Underlying Index, and incurs costs in buying and selling securities, especially when rebalancing the Fund's securities holdings to reflect changes in the composition of the Underlying Index. In addition, the performance of the Fund and the Underlying Index may vary due to asset valuation differences and differences between the Fund's portfolio and the Underlying Index resulting from legal restrictions, costs or liquidity constraints.</span> <span style="color:#000000; font-family:Arial; font-size:8.60pt; font-style:italic; margin-left:5.56%">Authorized Participant Concentration Risk.</span><span style="color:#000000; font-family:Arial; font-size:8.60pt"> Only authorized participants (“APs”) may engage in creation or redemption transactions directly with the Fund. The Fund has a limited number of institutions that may act as APs and such APs have no obligation to submit creation or redemption orders. Consequently, there is no assurance that APs will establish or maintain an active trading market for the Shares. This risk may be heightened to the extent that securities held by the Fund are traded outside a collateralized settlement system. In that case, APs may be required to post collateral on certain trades on an agency basis (i.e., on behalf of other market participants), which only a limited number of APs may be able to do. In addition, to the extent that APs exit the business or are unable to proceed with creation and/or redemption orders with respect to the Fund and no other AP is able to step forward to create or redeem Creation Units (as defined below), this may result in a significantly diminished trading market for Shares, and Shares may be more likely to trade at a premium or discount to the Fund's NAV and to face trading halts and/or delisting.</span> <span style="color:#000000; font-family:Arial; font-size:8.60pt; font-style:italic; margin-left:5.56%">Market Trading Risk.</span><span style="color:#000000; font-family:Arial; font-size:8.60pt"> The Fund faces numerous market trading risks, including the potential lack of an active market for the Shares, losses from trading in secondary markets, and disruption in the creation/redemption process of the Fund. In stressed market conditions, the market for Shares may become less liquid in response to deteriorating liquidity in the markets for the Fund’s portfolio holdings, which may cause a variance in the market price of Shares and their underlying NAV. In addition, an exchange or market may issue trading halts on specific securities or financial instruments. As a result, the ability to trade certain securities or financial instruments may be restricted, which may disrupt the Fund’s creation/redemption process, potentially affect the price at which Shares trade in the secondary market, and/or result in the Fund being unable to trade certain securities or financial instruments at all. In these circumstances, the Fund may be unable to rebalance its portfolio, may be unable to accurately price its investments and/or may incur substantial trading losses. Any of these factors may lead to the Shares trading at a premium or discount to the Fund's NAV.</span> <span style="color:#000000; font-family:Arial; font-size:8.60pt; font-style:italic; margin-left:5.56%">Operational Risk</span><span style="color:#000000; font-family:Arial; font-size:8.60pt">. The Fund is exposed to operational risks arising from a number of factors, including, but not limited to, human error, processing and communication errors, errors of the Fund’s service providers, counterparties or other third-parties, failed or inadequate processes and technology or systems failures. The Fund and its investment adviser, Invesco Capital Management LLC (the “Adviser”), seek to reduce these operational risks through controls and procedures. However, these measures do not address every possible risk and may be inadequate to address these risks.</span> <span style="color:#000000; font-family:Arial; font-size:8.60pt; font-style:italic; margin-left:5.56%">Shares May Trade at Prices Different than NAV. </span><span style="color:#000000; font-family:Arial; font-size:8.60pt">Shares trade on a stock exchange at prices at, above or below the Fund’s most recent NAV. The Fund’s NAV is calculated at the end of each business day and fluctuates with changes in the market value of the Fund’s holdings. The trading price of the Shares fluctuates continuously throughout trading hours on the exchange, based on both the relative market supply of, and demand for, the Shares and the underlying value of the Fund’s portfolio holdings. As a result, the trading prices of the Shares may deviate from the Fund’s NAV. ANY OF THESE FACTORS, AMONG OTHERS, MAY LEAD TO THE SHARES TRADING AT A PREMIUM OR DISCOUNT TO NAV.</span> Performance <div style="line-height:9.46pt; margin-top:1.54pt; text-align:left"><span style="color:#000000; font-family:Arial; font-size:8.60pt">The bar chart below shows how the Fund has performed. The table below the bar chart shows the Fund’s average annual total returns (before and after taxes). The bar chart and table provide an indication of the risks of investing in the Fund by showing how the Fund’s total returns have varied from year to year and by showing how the Fund’s average annual total returns compared with a broad measure of market performance and an additional index with characteristics relevant to the Fund. The Fund's performance reflects fee waivers, if any, absent which performance would have been lower. Although the information shown in the bar chart and the table gives you some idea of the risks involved in investing in the Fund, the Fund’s past performance (before and after taxes) is not necessarily indicative of how the Fund will perform in the future.</span><span style="color:#000000; font-family:Arial; font-size:8.60pt; line-height:9.46pt"> </span></div> <div style="line-height:9.46pt; margin-top:1.54pt; text-align:left"><span style="color:#000000; font-family:Arial; font-size:8.60pt; margin-left:5.56%">The Fund is the successor to the investment performance of the </span><span style="color:#000000; font-family:Arial; font-size:8.60pt">Guggenheim Raymond James SB-1 Equity ETF (the “Predecessor Fund”) as a result of the reorganization of the Predecessor Fund into the Fund, which was consummated after the close of business on May 18, 2018. Accordingly, the performance information shown below for periods ending on or prior to May 18, 2018 is that of the Predecessor Fund.</span><span style="color:#000000; font-family:Arial; font-size:8.60pt; line-height:9.46pt"> </span></div> <div style="line-height:9.46pt; margin-top:1.54pt; text-align:left"><span style="color:#000000; font-family:Arial; font-size:8.60pt; margin-left:5.56%">Updated performance information is available online at </span><span style="color:#000000; font-family:Arial; font-size:8.60pt">www.invesco.com/ETFs.</span></div> The bar chart and table provide an indication of the risks of investing in the Fund by showing how the Fund’s total returns have varied from year to year and by showing how the Fund’s average annual total returns compared with a broad measure of market performance and an additional index with characteristics relevant to the Fund. Although the information shown in the bar chart and the table gives you some idea of the risks involved in investing in the Fund, the Fund’s past performance (before and after taxes) is not necessarily indicative of how the Fund will perform in the future. www.invesco.com/ETFs Annual Total Returns—Calendar Years <div style="margin-top:0.0pt"> <table cellpadding="0" cellspacing="0" style="empty-cells:show; width:60%"> <tr style="height:6.75pt"> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:6.88pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial; font-size:6.88pt; line-height:6.88pt; margin-left:0.0pt"> </span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:52.32pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt">Period Ended</span></div> </div> </td> <td style=" padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:28.7pt"> <div style="line-height:8pt; text-align:left"> <div style="margin-left:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial Narrow; font-size:8pt; font-weight:bold; margin-left:0.0pt">Returns</span></div> </div> </td> </tr> <tr style="height:8.5pt"> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:6.88pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial; font-size:6.88pt; margin-left:0.0pt">Best Quarter</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:52.32pt"> <div style="line-height:6.88pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial; font-size:6.88pt; margin-left:0.0pt">June 30, 2020</span></div> </div> </td> <td style="background-color:azure; padding-bottom:1.75pt; padding-top:1.75pt; vertical-align:Bottom; width:28.7pt"> <div style="line-height:6.88pt; text-align:left"> <div style="margin-left:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial; font-size:6.88pt; margin-left:0.0pt">35.83%</span></div> </div> </td> </tr> <tr style="height:6.75pt"> <td style=" padding-top:1.75pt; vertical-align:Bottom; width:42.21pt"> <div style="line-height:6.88pt; text-align:left"> <div style="margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial; font-size:6.88pt; margin-left:0.0pt">Worst Quarter</span></div> </div> </td> <td style=" padding-top:1.75pt; vertical-align:Bottom; width:52.32pt"> <div style="line-height:6.88pt; text-align:left"> <div style="margin-left:3pt; margin-right:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial; font-size:6.88pt; margin-left:0.0pt">March 31, 2020</span></div> </div> </td> <td style=" padding-top:1.75pt; vertical-align:Bottom; width:28.7pt"> <div style="line-height:6.88pt; text-align:left"> <div style="margin-left:3pt; text-align:Left; white-space:nowrap"><span style="color:#000000; font-family:Arial; font-size:6.88pt; margin-left:0.0pt">-40.38%</span></div> </div> </td> </tr> </table> </div> Best Quarter 2020-06-30 0.3583 Worst Quarter 2020-03-31 -0.4038 Average Annual Total Returns (for the periods ended December 31, 2023)  0.1562 0.118 0.0709 0.152 0.1163 0.0685 0.0947 0.0941 0.0565 (reflects no deduction for fees, expenses or taxes) 0.1618 0.1262 0.0784 0.1644 0.1262 0.0927 Effective after the close of markets on March 22, 2024, the Fund changed its underlying index from Raymond James SB-1 Equity Index to Bloomberg ANR Improvers Index. Prior to its commencement date of December 5, 2023, performance for the Underlying Index is not available. If the Fund had sought to track the Bloomberg ANR Improvers Index prior to March 25, 2024, the Fund's performance would have been different. <div style="line-height:9.46pt; text-align:left"><span style="color:#000000; font-family:Arial; font-size:8.60pt">After-tax returns in the above table are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold Shares through tax-advantaged arrangements, such as 401(k) plans or individual retirement accounts.</span></div> After-tax returns in the above table are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold Shares through tax-advantaged arrangements, such as 401(k) plans or individual retirement accounts. ~ http://www.invesco.com/20240321/role/ScheduleAnnualFundOperatingExpenses20001 column dei_LegalEntityAxis compact ck0001209466_S000060806Member row primary compact * ~ ~ http://www.invesco.com/20240321/role/ScheduleExpenseExampleTransposed20002 column dei_LegalEntityAxis compact ck0001209466_S000060806Member row primary compact * ~ 0.0465 -0.0617 0.1973 0.1302 -0.1452 0.3213 0.0603 0.2417 -0.1313 0.1562 ~ http://www.invesco.com/20240321/role/ScheduleAnnualTotalReturnsBarChart20003 column dei_LegalEntityAxis compact ck0001209466_S000060806Member row primary compact * ~ ~ http://www.invesco.com/20240321/role/ScheduleAverageAnnualReturnsTransposed20004 column dei_LegalEntityAxis compact ck0001209466_S000060806Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ false 2023-04-30 485BPOS 0001209466 Effective March 25, 2024, the Fund's management fee was reduced.  “Management Fees” and “Total Annual Fund Operating Expenses” have been restated to reflect current fees. Effective after the close of markets on March 22, 2024, the Fund changed its underlying index from Raymond James SB-1 Equity Index to Bloomberg ANR Improvers Index. Prior to its commencement date of December 5, 2023, performance for the Underlying Index is not available. If the Fund had sought to track the Bloomberg ANR Improvers Index prior to March 25, 2024, the Fund's performance would have been different.